• Befesa raised FY 2026 adjusted EBITDA guidance to €286 million–€296 million.
• The outlook includes an expected €26 million contribution from a US production tax credit for zinc, recognized in the fourth quarter.
• Excluding the credit, adjusted EBITDA guidance narrowed to €260 million–€270 million from €250 million–€270 million.
• Including the credit, earnings per share are expected above €2.90, with year-end net leverage around 1.8 times.
• No credit-related cash inflow is expected in 2026; operating cash flow guidance remains at single-digit growth.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Befesa SA published the original content used to generate this news brief on October 29, 2026, and is solely responsible for the information contained therein.