Neo Performance Materials Inc
TSX:NEO

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Neo Performance Materials Inc
TSX:NEO
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Price: 16.69 CAD 0.3%
Market Cap: 694.3m CAD

Neo Performance Materials Inc
Investor Relations

Neo Performance Materials, Inc. engages in the manufacture of metal-based functional materials. The company is headquartered in Toronto, Ontario and currently employs 1,844 full-time employees. The company went IPO on 2017-12-05. The firm operates through three business segments: Magnequench, Chemicals & Oxides (C&O) and Rare Metals (RM). Its Magnequench segment is engaged in the production of permanent magnetic powders used in bonded and hot-deformed, fully dense neodymium-iron-boron (NdFeB or neo) magnets. Its C&O segment manufactures and distributes a range of advanced industrial materials. Its applications are used in automotive catalysts, permanent magnetics, consumer electronics, petroleum refining catalysts, medical devices, and wastewater treatment. Its RM segment sources, reclaims, produces, refines, and markets specialty metals and their compounds. Applications from products made in this segment primarily include superalloys for jet engines, medical imaging, wireless technologies and others.

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Last Earnings Call
Fiscal Period
Q3 2025
Call Date
Nov 14, 2025
AI Summary
Q3 2025

Revenue & Earnings: Neo reported $122 million in revenue and $19 million in adjusted EBITDA for the quarter, reflecting strong demand and execution.

Guidance Raised: The company raised its full year 2025 adjusted EBITDA guidance to $67–71 million, up from $64–68 million previously.

Magnet Facility Launch: Neo opened its new European magnet plant, with strong customer interest and a multiyear supply MOU signed with Bosch.

Volume Growth: Magnet volumes rose about 20% year-over-year, with especially strong demand from automotive, AI data centers, and industrial automation.

Portfolio Focus: Neo continues to streamline its portfolio and invest in high-value segments, driving operational efficiencies and cost savings.

Balance Sheet Strength: The company ended the quarter with $61 million in cash and total liquidity over $110 million, supporting ongoing growth investments.

Key Financials
Revenue
$122 million
Adjusted EBITDA
$19 million
Year-to-date Adjusted EBITDA
$55 million
Magnequench Adjusted EBITDA
$8.1 million
Magnequench Year-to-date Adjusted EBITDA
$22.4 million
Chemicals & Oxides Adjusted EBITDA
$4.1 million
Chemicals & Oxides Year-to-date Adjusted EBITDA
$16.4 million
Rare Metals Adjusted EBITDA
$11.5 million
Rare Metals Year-to-date Adjusted EBITDA
$30.9 million
Net Debt
$28 million
Total Liquidity
over $110 million
Gross Cash Balance
$61 million
Earnings Call Recording
Other Earnings Calls

Management

Mr. Rahim Suleman
CEO, President & Director
No Bio Available
Mr. Jonathan Baksh
Executive VP & CFO
No Bio Available
Mr. Kevin D. Morris
Executive VP & Chief Strategy Officer
No Bio Available
Mr. Gregory K. Kroll
Executive Vice President of Magnequench
No Bio Available
Ali Mahdavi
Capital Markets & IR Executive
No Bio Available
Mr. Mohamad El- Mahmoud
Executive Vice President of Rare Metals
No Bio Available
Mr. Alexander D. Caldwell
Corporate Secretary
No Bio Available

Contacts

Address
ONTARIO
TORONTO
121 King Street West, Suite 1740
Contacts
+14163678588.0
www.neomaterials.com