AMG Critical Materials N.V.

AMG

Equity

ISIN NL0000888691 / Valor 3233757

Euronext - Euronext Amsterdam (2026-09-22)

EUR 30.12+3.15%

AMG Critical Materials N.V.
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About company

AMG Critical Materials N.V. is a global company specializing in the production of highly engineered specialty materials and the provision of vacuum furnace systems and services. The company serves a diverse range of end markets, including transportation, infrastructure, energy, and specialty metals and chemicals. With a significant presence in the global metallurgical industry, AMG operates production facilities across several countries, including Germany, the United Kingdom, France, the United States, China, Mexico, Brazil, India, and Sri Lanka, and maintains sales and customer service offices in Japan. As a prominent lithium producer, AMG plays a crucial role in supporting green mobility initiatives. The company is committed to aligning its sustainable development objectives with its financial goals and technological capabilities, leveraging its expertise to meet the evolving needs of its customers worldwide.

Summarized from source with an LLMView SourceSector: Industrials

Top‑line and profitability

Q3 2025 revenue was $434.7M (+22% YoY) and adjusted gross profit was $88.0M (+38% YoY). Adjusted EBITDA was $63.6M (+58% YoY) and operating profit was $36.0M (compared with a loss in Q3 2024).

Net income and EPS

Net income attributable to shareholders for Q3 2025 was $13.1M (Q3 2024: loss $13.4M) producing diluted EPS of $0.39.

Segment performance — AMG Technologies

AMG Technologies drove the quarter: segment revenue $248.0M (+59% YoY) and adjusted EBITDA $41.2M (more than double Q3 2024). Strong orders in AMG Engineering (Q3 new orders $87M; backlog $402M) and high profitability at AMG Antimony were key contributors.

Segment performance — AMG Lithium

AMG Lithium revenue fell 33% to $32.7M; adjusted EBITDA declined 72% to $2.9M. The quarter was impacted by an equipment failure tied to an expansion, lower lithium prices and reduced concentrate volumes, though the Bitterfeld lithium‑hydroxide refinery was commissioned in May and is ramping toward commercial production.

Segment performance — AMG Vanadium

AMG Vanadium posted revenue of $154.0M (+2% YoY) and adjusted EBITDA of $19.5M (+81% YoY). Results benefited from higher ferrovanadium and chrome metal prices and a $5M compensation settlement related to a Zanesville equipment failure.

Cash flow, liquidity and debt

Q3 operating cash used was about $6.9M and nine‑month net cash used in operating activities was $4.5M. Liquidity as of September 30, 2025 was $419M (unrestricted cash $220M plus $199M revolver availability). Net debt was $544M (up ~16% vs Dec 31, 2024). AMG extended its $200M revolver maturity to August 2028 to preserve liquidity.

Costs, tax and finance

SG&A was $56M in Q3 (up 18% YoY) driven by higher headcount and professional fees tied to expansions. Income tax expense was $7.1M for the quarter. Net finance costs increased to $14.4M (Q3 2024: $7.8M), partly from lower interest income and non‑cash FX losses.

Strategic actions and outlook

Management is streamlining the portfolio (sale of Graphit Kropfmühl announced for an enterprise value of $65M, expected close by year‑end 2025) and pursuing U.S. expansions (chrome metal, niobium, antimony oxide, titanium alloys). AMG raised its 2025 adjusted EBITDA outlook from ~$200M to $220M or more, citing a larger temporary tailwind from selling low‑priced antimony inventories.

Summarized from source with an LLMView Source

Key figures

12.3%1Y

4.58%3Y

5.17%5Y

Performance

48.7%1Y

47.2%3Y

47.0%5Y

Volatility