This is a paid press release. Contact the press release distributor directly with any inquiries.
Neo Performance Materials Reports Third Quarter 2026 Results
- NEO.TO
- NOPMF
Neo Delivers Quarterly Adjusted EBITDA of $47 Million, Up 145% Over Prior Year, and Raises Full-Year Guidance to $180 – $185 Million, Up 140% From 2025
TORONTO, Nov. 9, 2026 /CNW/ — Neo Performance Materials Inc. (“Neo” or the “Company“) (TSX: NEO) (OTCQX: NOPMF) today announced its financial results for the third quarter of 2026. Neo’s financial statements and management’s discussion and analysis (“MD&A“) for the three and nine months ended September 30, 2026, are available at neomaterials.com and on SEDAR+ at sedarplus.ca. All financial amounts in this news release and the Company’s financial disclosures are in United States dollars, unless otherwise stated.
Consolidated Financial Highlights
|
Consolidated Adjusted EBITDA (1) |
||||
|
Adjusted earnings per share attributable to common shareholders: |
||||
|
Income per share attributable to common shareholders |
||||
|
(1) Neo reports non-IFRS financial measures such as “Adjusted Net Income”, “Adjusted Earnings per Share”, “Adjusted EBITDA”, “Adjusted EBITDA Margin” and “EBITDA”. Information on non-IFRS financial measures is included in the “Non-IFRS Financial Measures” section of this news release and in the most recent MD&A, available at neomaterials.com and on SEDAR+ at sedarplus.ca. |
“Neo delivered another excellent quarter, with Adjusted EBITDA of $47 million, up nearly 150% year-over-year. This reflects disciplined execution across the business, record bonded magnet volumes, continued strength in hafnium and a favourable pricing environment,” said Rahim Suleman, President and Chief Executive Officer of Neo. “Based on our strong year-to-date operating performance, a healthy demand outlook, firm pricing and continued operating efficiencies, we have raised our full-year Adjusted EBITDA guidance to $180 million to $185 million. At the midpoint, that’s roughly 2.4 times our full-year 2025 Adjusted EBITDA and 26% above our prior 2026 guidance.”
“We also achieved several significant strategic milestones recently that further reinforce our position as a cornerstone of Europe’s rare earth supply chain, including the start of commercial production at our European magnet facility, the selection of our European Integrated Magnet Project for a grant of up to €126 million ($140 million) under the European Union Innovation Fund and the designation of Silmet 2.0 as a Strategic Project in Europe. With strong operational execution, a supportive demand environment and strategic investments underpinning our next phase of growth, Neo is well positioned to deliver long-term value.”
