Northwire Canada EditionFriday, October 23, 2026
Sign inSubscribe
Northwire
⌕
GOLD 4060.40 −2.2% SILVER 55.01 −4.7% COPPER 6.40 −2.8% OIL 99.47 +2.4% PALLADIUM 1052.50 −3.4% ATY 0.215 −8.5% CNL 14.70 −8.9% ABI 0.060 +0.0% AUGC 0.245 −12.5% ITR 3.18 −5.4% LKY 0.005 +0.0% IGO 0.125 +0.0% CCMM 0.390 −9.3% FVI 13.33 −8.1% KTN 0.840 −10.6% FTUR 0.240 −14.3% YARR 0.150 +0.0% EMNT 0.290 −14.7% MOO 0.680 +13.3% BMM 4.27 −0.7% GOLD 4060.40 −2.2% SILVER 55.01 −4.7% COPPER 6.40 −2.8% OIL 99.47 +2.4% PALLADIUM 1052.50 −3.4% ATY 0.215 −8.5% CNL 14.70 −8.9% ABI 0.060 +0.0% AUGC 0.245 −12.5% ITR 3.18 −5.4% LKY 0.005 +0.0% IGO 0.125 +0.0% CCMM 0.390 −9.3% FVI 13.33 −8.1% KTN 0.840 −10.6% FTUR 0.240 −14.3% YARR 0.150 +0.0% EMNT 0.290 −14.7% MOO 0.680 +13.3% BMM 4.27 −0.7%
Earnings

5N Plus Inc. Reports 2025 Third Quarter Financial Results and Increases Annual Guidance

By The Northwire Desk — AI Analysis Nov 03, 2025 · 17:00 VNP · 20.76 5N PLUS INC.
VNP · Price

Executive Summary

  • 5N Plus Inc. reported Q3 2025 revenue of $104.9 M, a 33% YoY increase and the highest quarterly revenue in a decade.
  • Adjusted EBITDA surged 86% YoY to $29.1 M, prompting an upward revision of full‑year 2025 Adjusted EBITDA guidance to $85–$90 M (up from $65–$70 M).
  • Net earnings rose to $18.2 M and net debt fell to $63.3 M, improving the net‑debt‑to‑EBITDA ratio to 0.74×.

Key Details

  • Revenue: $104.9 M (Q3 2025) vs. $78.8 M (Q3 2024); driven by higher sales in terrestrial renewable energy, space solar power (Specialty Semiconductors), and stronger bismuth‑based product pricing (Performance Materials).
  • Adjusted Gross Margin: $38.7 M; 36.9% of revenue (up from 31.1% YoY).
  • Adjusted EBITDA: $29.1 M (86% YoY increase); Adjusted EBITDA margin 27.7% (vs. 19.8% YoY).
  • Net Earnings: $18.2 M vs. $6.4 M YoY.
  • Backlog: $357.5 M, representing 311 days of annualized revenue (up 14 days QoQ).
  • Net Debt: $63.3 M (down from $100.1 M at end‑2024); net‑debt‑to‑EBITDA = 0.74×.
  • Guidance Update: Full‑year 2025 Adjusted EBITDA now projected at $85–$90 M (previously $65–$70 M).
  • Outlook: Continued strong demand in terrestrial renewable energy and space solar power sectors; slight volume dip expected in Performance Materials H2 2025, but margins to remain robust.
  • CEO Succession Plan: Richard Perron appointed President (effective 1 Nov 2025) and slated to become President & CEO on 31 May 2026; Gervais Jacques to transition to Executive Chairman.
  • Conference Call: Scheduled for 4 Nov 2025, 8:00 a.m. EDT (access details provided).

Notable Quotes

“This quarter marks another financial milestone…record Adjusted gross margin and quarterly Adjusted EBITDA.” – Gervais Jacques, CEO
“The increase in revenue, earnings and margins … reflects strong momentum … from terrestrial renewable energy and space solar power sectors.” – Richard Perron, President & CFO

All non‑material boilerplate, forward‑looking disclaimer text, and company background have been omitted for brevity.

Read the original news release →

More from 5N PLUS INC.

May 06, 2026 · 16:30

5N+ Earnings Confirm Growth Trajectory But Debt Accumulation Warrants Caution

Earnings Feb 24, 2026 · 17:15

5N Plus Inc. Reports Fourth Quarter and Fiscal Year 2025 Financial Results

Earnings Feb 02, 2026 · 16:18

5N Plus to increase space solar cell production in 2026

Production / Operations Feb 02, 2026 · 07:30

5N Plus Inc. to Further Increase Space Solar Cell Production Capacity

Production / Operations Jan 30, 2026 · 16:27

5N Plus receives $18.1M (U.S.) grant from U.S. gov't

Financings Jan 30, 2026 · 08:00

5N+ Awarded US$18.1 Million by U.S. Government to Significantly Increase Germanium Production Capacity in St. George, Utah

Production / Operations