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AMG’s Portfolio Delivers Strong First Quarter 2025 Results
Globenewswire· 2025-05-07 16:10
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].
AMG Approves US Chrome Manufacturing Plant
Globenewswire· 2025-04-09 05:00
Core Viewpoint - AMG Critical Materials N.V. has announced a capital investment of USD $15 million to establish a chrome metal production facility in the United States, which will be the only one of its kind in the country and is expected to be operational by the first quarter of 2026 [1][2]. Company Overview - AMG is focused on providing critical materials and related process technologies aimed at advancing a less carbon-intensive world, with a particular emphasis on energy storage materials such as lithium, vanadium, and tantalum [3]. - The company operates globally with approximately 3,600 employees and has production facilities in multiple countries including Germany, the UK, France, the US, China, Mexico, Brazil, India, and Sri Lanka [5]. Industry Context - Chrome metal is classified as a Critical Material in the United States due to its significance in various industrial alloys and the current lack of domestic production [2]. - AMG's Lithium segment aims to reduce the CO2 footprint across the lithium value chain, while its Vanadium segment leads the market in recycling vanadium from oil refining residues [4].