Neo Performance Materials Raises Full-Year 2026 Adjusted EBITDA Guidance

About this update from Neo Performance Materials, Inc.

Neo now expects Adjusted EBITDA of $140–$150 million, up from prior guidance of $100–$110 million TORONTO, July 8, 2026 /CNW/ - Neo Performance Materials Inc. ("Neo" or the "Company") (TSX: NEO) (OTCQX: NOPMF) today announced that the Company has increased its full-year 2026 Adjusted EBITDA1 guidance, reflecting strong operating performance through the first portion of the year, as well as sustained higher-than-expected pricing across its critical materials portfolio. Neo now expects full-year 2026 Adjusted EBITDA of $140 million to $150 million, up from its prior guidance range of $100 million to $110 million, an increase of 38% at the midpoint and approximately 90% above full-year 2025 Adjusted EBITDA of $76 million. Prices for critical materials, including hafnium, gallium and rare earth elements remained elevated through the first half of 2026, supported by tight global supply, sustained end-market demand, and growing strategic focus on supply chain security. Combined with broad-based operational strength and demand across all three business segments, these conditions are expected to drive significantly stronger full-year earnings. "This increase in our full-year Adjusted EBITDA guidance reflects healthy demand, favourable pricing, and disciplined execution across all three business segments," said Rahim Suleman, President and Chief Executive Officer. "Our Rare Metals business, which focuses on critical materials, continues to benefit from a strong pricing environment. Having secured hafnium, gallium and tantalum inventory, alongside increased contracted volumes, we have greater visibility and added confidence as we look to the second half of 2026." Second Quarter 2026 Financial Results Conference Call Neo intends to report its second quarter results for the period ended June 30, 2026 before the Toronto market opens on Tuesday, August 11, 2026 and will host a conference call at 10:00 am Eastern Time on that day to review the Company's second quarter results. The Company will disseminate a news release with call-in details for the call closer to the date. Non-IFRS Financial Measures This news release refers to certain specified financial measures and ratios, including non-IFRS financial measures and ratios such as "Adjusted EBITDA". These specified financial measures are not recognized measures under International Financial Reporting Standard...

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