Strong Financial Performance
Neo generated $122 million in revenue and $19 million in adjusted EBITDA for Q3 2025. Year-to-date adjusted EBITDA increased 27% compared to the same period last year, prompting a raise in full-year guidance to $67 million to $71 million.
European Permanent Magnet Facility Expansion
The grand opening of Neo's European Permanent Magnet facility marks a major milestone, with plans to scale capacity up to 5,000 metric tons due to high customer demand.
Strategic Partnership with Bosch
Neo signed an expanded strategic partnership with Bosch, formalizing collaboration on the supply of advanced rare earth magnetics for Bosch's next-generation e-motor platforms.
Magnequench Volume Growth
Magnequench delivered strong profitability and volume growth with volumes up 21% year-over-year and adjusted EBITDA rising 27% to $8.1 million.
Chemicals & Oxides Segment Performance
Adjusted EBITDA for the Chemicals & Oxides segment increased by 213% year-over-year, reflecting higher rare earth prices and portfolio transformation.