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Our strategy is to build a leading, customer-led, global industrial minerals business. With large scale, low cost operations and the lowest environmental footprints in the sector, we are positioned as the supplier of choice to meet growing global demand and create a sustainable future.

Our acquisition of Alkali in the US in 2025 created one of the largest global industrial minerals companies, and the world’s largest soda ash producer and distributor. We now have a strong platform from which we can grow to over 11 million mtpa of production over the coming years.

With disciplined growth, a robust balance sheet and industry-leading margins, we are poised to benefit from cyclical recovery and structural growth to generate strong returns for decades to come.

2025 financial highlights

Sales volume

9.3m mt

Free Cash Flow

$517m

Capital Expenditure

$201m

Adjusted EBITDA

$710m

FCF Conversion

73%

YE Net Leverage

$3.3x

Q&A with our Chief Executive

01

What are the current supply demand characteristics in the soda ash market?

02

Service, scale and sustainability are key to your strategy. Describe what these terms mean for WE Soda?

03

Is soda ash a critical mineral?

Financial calendar

25 November 2026

Investor contacts

WE Soda Investor Relations

Head Office
23 College Hill
London EC4R 2RP
United Kingdom

Email: investors@wesoda.com

Chris Perry

Head of IR and Communications

Email: chris.perry@wesoda.com

Sodali & Co.

Peter Ogden

Email: wesoda@sodali.com