A-Mark Precious Metals(US:AMRK) Globenewswireยท2025-05-07 20:05Financial Performance - For Q3 FY 2025, A-Mark Precious Metals reported a net loss of $8.5 million, compared to a net income of $5.0 million in Q3 FY 2024, representing a 270% decrease [1][44] - Revenues for Q3 FY 2025 increased by 15% to $3.009 billion from $2.611 billion in the same quarter of the previous year [9][38] - Gross profit for Q3 FY 2025 was $41.0 million, an 18% increase from $34.8 million in Q3 FY 2024, with a gross profit margin of 1.36% [9][39] - Adjusted net income before provision for income taxes for Q3 FY 2025 was $5.7 million, a decrease of 51% from $11.6 million in Q3 FY 2024 [45] - EBITDA for Q3 FY 2025 totaled $1.3 million, a significant decrease of 90% compared to $12.6 million in the same year-ago quarter [46] Operational Highlights - The company completed three strategic acquisitions during the quarter, including Pinehurst and Spectrum Group International, which are expected to enhance market position and operational efficiencies [3][4] - Direct-to-Consumer new customers surged by 1,489% to 899,600 in Q3 FY 2025, largely attributed to the acquisitions [28] - Gold ounces sold decreased by 2% to 432,000 ounces in Q3 FY 2025 compared to 446,000 ounces in Q3 FY 2024, while silver ounces sold decreased by 39% to 15.7 million ounces [12][28] Cash and Dividends - The company reaffirmed its regular quarterly cash dividend policy of $0.20 per share, with the latest payment made on April 29, 2025 [56] - A-Mark amended its credit facility, increasing the revolving commitment to $467.0 million, which may provide additional liquidity for future operations [1] Market Conditions - The CEO noted that the company navigated through volatile market conditions in Q3 FY 2025, which impacted results due to decreased market liquidity and increased interest expenses [2] - Despite early-quarter concerns around tariffs, market conditions have since stabilized, positioning the company for potential growth as the fiscal year closes [4]