1. Norway Stocks

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    Semiconductors
REC Silicon ASA

REC Silicon ASA

RNWEY
REC Silicon ASAUS flagOther OTC
0.01
USD
-NaN
- -
4.10MMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
1.21
1.43
0.91
0.71
0.72
0.58
0.4
0.28
0.26
0.24
0.22
0.22
0.12
0.05
Basic EPS, GAAP
-1.02
0.62
-0.17
-0.39
-0.92
-0.9
-0.31
-0.11
-0.05
-0.14
0.05
-0.73
-0.1
-0.03
Free Cash Flow per Basic Share
-0.11
0.15
-0.15
-0.03
0.1
-0.03
-0.04
-0.01
-0.04
-0.16
-0.37
-0.36
-0.14
-0.04
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
-5.16
-4.87
-5.07
-5.19
1.53
1.53
0.11
0.12
0.1
0.09
0.09
0.09
0.09
0.04
Tangible Book Value per Share
2.71
2.98
2.49
2.01
1.14
0.25
- -
0.13
0.06
0.1
0.12
-0.6
-0.7
-0.29
Basic Weighted Avg Shares
346
346
361
380
380
380
404
437
556
624
628
628
628
1,589
Sales/Revenue/Turnover
418
493
330
271
272
221
160
122
143
148
141
141
78
76
Operating Margin (%)
-22.84
-0.49
-44.59
-46.02
-46.7
-29.79
-37.64
-26.86
-14.04
-38.9
-23.65
-20.24
-41.18
-47.12
Depreciation Expense
154
139
286
185
147
402
70
63
28
23
22
271
18
17
Net Income, GAAP
-353
213
-63
-147
-351
-342
-127
-47
-30
-87
30
-457
-63
-53
Effective Tax Rate (%)
- -
2.47
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Profit Margin (%)
-84.46
43.16
-18.98
-54.35
-128.71
-154.43
-79.28
-38.25
-21.02
-58.73
21.66
-324.86
-80.69
-69.63
Working Capital
58
260
192
150
-41
45
-2
149
134
7
156
-116
-466
-479
LT Debt
225
190
139
144
- -
109
151
188
183
70
315
308
42
41
Total Equity
956
1,054
921
782
449
107
1
59
33
60
76
-378
-440
-456
Return on Invested Capital (%)
- -
-0.18
- -
- -
- -
- -
- -
- -
- -
- -
-9.95
- -
- -
- -
Return on Capital (%)
- -
-15.77
- -
- -
- -
- -
- -
- -
- -
- -
14.76
- -
- -
- -
Return on Common Equity (%)
- -
- -
- -
- -
- -
-58.94
-40.76
-96.09
-56.05
-153.76
51.52
-772.64
-106.59
-89.86

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
6
449
7
LT Borrowings
- -
- -
- -
LT Finance Leases
44
42
41
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
628
628
4,499
Market Capitalization
86
19
16

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
45
42
42
Cash, Cash Equivalents & STI
10
7
5
Accounts Receivable, Net
7
8
9
Inventories
22
20
19
Total Current Liabilities
464
508
522
Payables & Accruals
- -
- -
- -
ST Debt
6
449
7
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
652.77%
-102.82%
16.5%
Free Cash Flow
25.31%
190.68%
-61.62%
Net Income, GAAP
-152.35%
-333.64%
-86.2%
Sales/Revenue/Turnover
- -
- -
-44.46%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
42
36
33
30
141
2025
21
20
17
20
78
2026
20
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.06
-0.08
-0.09
-0.5
-0.73
2025
-0.04
-0.01
-0.02
-0.03
-0.1
2026
- -
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Company Description

APIChat
CEO
William Kurtis Levens
Full Time Employees
466
Sector
Technology
Industry
Semiconductors
Address
Fornebuveien 84 Lysaker Norway 1324
IPO Date
Mar 13, 2009
Website
recsilicon.com
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Business
REC Silicon ASA produces silane-based high-purity silicon materials for the semiconductor, flat panel display, solar and silicon anode battery industries; core products include Signature Silane gas (SiH4), specialty silicon gases such as dichlorosilane (DCS), monochlorosilane (MCS) and disilane, electronic-grade (EG) polysilicon, and flowable polysilicon; silane gas serves as a standalone product and feedstock for downstream processing. The company operates manufacturing facilities in Butte, Montana, and Moses Lake, Washington, with the latter maintained in recoverable mode for potential silane restarts; sales support offices are located in Asia and the United States. Founded in 1996 and headquartered in Lysaker, Norway, REC Silicon serves global customers through subsidiaries including REC Silicon Inc., REC Solar Grade Silicon LLC and REC Advanced Silicon Materials LLC in the US. REC Silicon transitioned in 2024 to a pure-play silicon gas producer by discontinuing polysilicon production at both Butte and Moses Lake facilities due to high electricity costs, qualification failures for ultra-high purity granular polysilicon and market challenges; this followed unsuccessful efforts to meet customer specifications at Moses Lake, leading to layoffs and facility shutdowns. Hanwha Corp. and Hanwha Solutions, the largest shareholders via Anchor AS, launched an all-cash acquisition offer in April 2025 at NOK 2.2 per share (approximately USD 88.6 million total), unanimously recommended by the board to enhance partnerships, integrate operations and provide financial support including loan extensions; additional funding from Hanwha affiliates included a USD 6.5 million short-term loan in August 2025 and extensions of USD 50 million and USD 30 million facilities into 2026. In Q3 2025, the company reported restructuring with a 10% workforce reduction, cash inflows from USD 20 million in new loans, and priorities to monetize non-core assets, optimize Butte silane capacity of 7,400 MT and target growth in semiconductors, solar PV and anode markets amid US capacity expansions.