Core Insights - AMG Critical Materials N.V. reported a strong first quarter in 2025, with revenue of $388 million, an 8% increase from $358 million in Q1 2024, and an adjusted EBITDA of $58 million, an 88% increase from $31 million in Q1 2024 [1][2][11]. Financial Performance - Revenue for Q1 2025 was $388 million, up 8% from Q1 2024's $358 million [11]. - Adjusted gross profit increased by 56% to $82.6 million from $53.0 million in Q1 2024 [11][14]. - Operating profit surged to $18.7 million, a 597% increase from $2.7 million in Q1 2024 [11]. - Net income attributable to shareholders was $5.0 million, compared to a loss of $16.3 million in Q1 2024 [11]. - Cash from operating activities was $9 million, a significant improvement from the $15 million used in Q1 2024 [1][14]. Segment Performance - AMG Technologies segment achieved a revenue increase of 34% to $202.3 million, driven by strong orders for turbine blade coating furnaces [20][23]. - AMG Lithium segment saw a revenue decline of 23% to $32.0 million, primarily due to a 27% drop in lithium market prices and a 22% decrease in sales volumes [13][15]. - AMG Vanadium's revenue decreased by 7% to $153.8 million, attributed to lower volumes of ferrovanadium and titanium alloys, although partially offset by increased sales prices [18][19]. Operational Highlights - AMG Technologies achieved its highest order backlog in history at $416 million as of March 31, 2025 [7][23]. - The company is transitioning from a heavy capital expansion phase, with successful production of battery-grade lithium hydroxide at its Bitterfeld facility [4][8]. - AMG Lithium signed an exclusive agreement to become the first producer of lithium concentrate in Portugal, with an initial capacity of 8,000–9,000 tons per annum by 2027 [8]. Strategic Outlook - The company plans to focus on small, highly accretive investments to preserve growth options while maintaining a strong balance sheet [5]. - AMG increased its adjusted EBITDA outlook for 2025 from $150 million to $170 million, despite low lithium and vanadium prices [33]. - The company aims for long-term guidance of an EBITDA of $500 million or more within five years at normalized market prices [34].

Group 1 - AMG Critical Materials N.V. will release its first quarter 2025 financial results on May 7, 2025, at approximately 18:00 CEST [1] - A conference call to discuss the financial results will be held on May 8, 2025, at 09:00 CEST [1] - Participants are advised to connect approximately 10 minutes prior to the call, with specific call-in information provided [1] Group 2 - AMG's mission focuses on providing critical materials and related process technologies to promote a less carbon-intensive world [2] - The company is engaged in the production and development of energy storage materials, including lithium, vanadium, and tantalum [2] - AMG also produces systems aimed at reducing CO2 emissions in aerospace engines and other markets [2] Group 3 - AMG's Lithium segment aims to reduce the CO2 footprint across the lithium value chain [3] - The Vanadium segment is a market leader in recycling vanadium from oil refining residues [3] - The Technologies segment leads in advanced metallurgy and provides engineering for the aerospace engine sector [3] Group 4 - AMG operates globally with approximately 3,600 employees and production facilities in multiple countries, including Germany, the UK, and the US [4] - The company has sales and customer service offices in Japan [4]