Record Revenue Growth
5N Plus reported a 37% increase in revenue in Q1 2025, reaching $88.9 million, up from $65.1 million in Q1 2024.
Significant EBITDA Increase
Adjusted EBITDA grew by 77% to $20.8 million compared to $11.7 million in the same quarter last year.
Strong Performance in Specialty Semiconductors
Specialty Semiconductors revenue increased to $62.8 million from $45.2 million in Q1 2024, with an adjusted EBITDA increase of 85%.
Operational and Financial Strength
Gross margin improved by 51% to $30.4 million, and gross margin percentage increased to 34.2% from 30.9% in the previous year.
Strategic Investments and Expansions
Capacity at AZUR increased by 35% last year with plans for an additional 30% increase this year. An agreement with ALLOS Semiconductors was also made to develop a GaN IP portfolio.
Improved Financial Position
Net debt decreased by $7.8 million, with an improved net debt-to-EBITDA ratio of 1.6x.