Neo Performance Materials
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Neo Performance Materials (NEO) investor relations material

Neo Performance Materials Q3 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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Q3 2025 earnings summary14 Nov, 2025

Executive summary

  • Achieved strong Q3 2025 results with $122.2M revenue and $19.2M Adjusted EBITDA, raising full-year Adjusted EBITDA guidance to $67–$71M.

  • Opened a major European permanent magnet facility with initial 2,000 MT capacity, planning expansion to 5,000 MT, enhancing regional supply chain resilience.

  • Extended multi-year partnership with Bosch, formalizing a supply framework for advanced magnetics and increasing long-term demand visibility.

  • Advanced heavy rare earth separation line in Europe, with pilot production/commissioning expected by early 2026.

  • Completed sale of non-core Chinese subsidiaries and separation facility assets, generating cash for reinvestment.

Financial highlights

  • Q3 2025 revenue was $122.2M, up 9.8% year-over-year; YTD revenue reached $358.5M, up from $340.9M.

  • Q3 2025 Adjusted EBITDA was $19.2M (15.7% margin), nearly flat year-over-year; YTD Adjusted EBITDA was $55.3M, up 26.5%.

  • Adjusted Net Income for Q3 2025 was $8.5M ($0.20 EPS); net income was $1.4M, reversing a prior loss.

  • Cash and equivalents at September 30, 2025: $61.5M; net debt position of $28M; total liquidity exceeding $110M.

  • Dividends paid YTD 2025: $9.1M; share repurchases of $3.9M; quarterly dividend of CAD $0.10 per share declared.

Outlook and guidance

  • Raised 2025 Adjusted EBITDA guidance to $67–$71M, reflecting confidence in continued strong performance.

  • Strategic targets include 10% annual SG&A reduction for three years and commercial production at the European magnet facility in 2026.

  • Priorities for 2026 include operational efficiency, capital discipline, and ramping up new facilities.

  • Management highlights robust long-term growth prospects in electrification, automation, and energy-efficient technologies.

EU magnet facility's path to full capacity
Offsetting Rare Metals' EBITDA decline
Future cash flow from operations outlook
What drives Phase 1b expansion timing
Heavy rare earth separation: expected scale
Korat expansion: status and capacity impact
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Frequently asked questions

Neo Performance Materials Inc. is a global producer of advanced materials, specializing in rare earths and rare metal-based products. The company operates through multiple business segments, including magnetic materials, chemicals and oxides, and engineered metals. Its products are used in a variety of industries, such as automotive, electronics, aerospace, renewable energy, and healthcare. Neo Performance Materials Inc. is headquartered in Toronto, Canada, and its shares are listed on the TSX.

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