The earnings call highlighted a strong financial performance with record-breaking figures and strategic agreements, particularly with First Solar. Although there are some anticipated challenges in the second half of the year, such as a potential decline in EBITDA, the overall sentiment remains positive due to significant achievements and growth opportunities.

Company Guidance -

Q3 2025

In the second quarter of 2025, 5N Plus Inc. reported record financial results, with revenues reaching $95.3 million, a 28% increase from the previous year, and year-to-date revenues rising by 37% to $184.2 million. The company achieved an all-time high adjusted EBITDA of $24.1 million for the quarter, representing a 79% increase, and $44.9 million year-to-date, marking a 78% growth compared to 2024. The adjusted gross margin saw a significant improvement, increasing by 41% to $33 million, equating to 34.6% of sales. Additionally, the Specialty Semiconductor segment experienced a 50% year-over-year volume increase, contributing to a revenue rise from $52.3 million to $71.2 million. Performance Materials also showed strong performance, with revenue reaching $24.1 million, supported by exceptional margins. Looking forward, the company raised its adjusted EBITDA guidance for the year from a range of $55 million to $60 million to a new range of $65 million to $70 million, driven by increased demand and a new supply agreement with First Solar.

Record-Breaking Financial Performance

5N Plus achieved record results for Q2 2025, including record quarterly and first-half adjusted EBITDA, record quarterly adjusted gross margin, and the strongest first-half revenues in a decade. Consolidated revenue in Q2 increased by 28% to $95.3 million, with a 37% growth year-over-year.

Strategic Agreement with First Solar

A milestone supply agreement with First Solar was announced, increasing semiconductor compound supply volumes by 33% for 2025-2026 and an additional 25% for 2027-2028. This positions 5N Plus as a critical enabler in the U.S. solar energy sector.

Strong Specialty Semiconductor Segment Performance

Q2 volumes in terrestrial renewable energy were up 50% year-over-year. Specialty Semiconductors revenue was $71.2 million compared to $52.3 million in Q2 last year, supported by higher demand and favorable unit costs from economies of scale.

Performance Materials Margin Expansion

Despite slightly lower volumes, the performance materials segment saw exceptional margins, with adjusted gross margin as a percentage of sales reaching 41.1% in Q2, compared to 28.4% last year.

Improved Financial Position

Net debt decreased to $74.3 million from $100.1 million at the end of December 2024, bringing the net debt-to-EBITDA ratio to 1.07x as of June 30, 2025.

5N Plus (TSE:VNP) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

TSE:VNP Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 04, 2025	2025 (Q3)	0.12 / -	0.096	―	―	―
Aug 04, 2025	2025 (Q2)	0.14 / 0.23	0.069	240.00% (+0.17)	―	―
May 07, 2025	2025 (Q1)	0.08 / 0.15	0.041	266.67% (+0.11)	―	―
Feb 25, 2025	2024 (Q4)	0.06 / 0.03	0.041	-33.33% (-0.01)	―	―
Nov 04, 2024	2024 (Q3)	0.08 / 0.10	0.028	250.00% (+0.07)	―	―
Aug 05, 2024	2024 (Q2)	0.06 / 0.07	0.151	-54.55% (-0.08)	―	―
May 06, 2024	2024 (Q1)	0.05 / 0.04	0.028	50.00% (+0.01)	―	―
Feb 27, 2024	2023 (Q4)	0.06 / 0.04	-0.073	156.60% (+0.11)	―	―
Nov 07, 2023	2023 (Q3)	0.05 / 0.03	-0.109	125.32% (+0.14)	―	―
Aug 01, 2023	2023 (Q2)	0.04 / 0.15	-0.01	1671.43% (+0.16)	―	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

TSE:VNP Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
May 07, 2025	C$6.66	C$7.43	+11.56%
Feb 25, 2025	C$6.93	C$6.69	-3.46%
Nov 04, 2024	C$7.11	C$7.15	+0.56%
May 06, 2024	C$4.78	C$5.15	+7.74%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

FAQ

When does 5N Plus (TSE:VNP) report earnings?

5N Plus (TSE:VNP) is schdueled to report earning on Nov 04, 2025, After Close (Confirmed).

What is 5N Plus (TSE:VNP) earnings time?

5N Plus (TSE:VNP) earnings time is at Nov 04, 2025, After Close (Confirmed).

Where can I see when companies are reporting earnings?

You can see which companies are reporting today on our designated earnings calendar.

What companies are reporting earnings today?

You can see a list of the companies which are reporting today on TipRanks earnings calendar.

What is TSE:VNP EPS forecast?

TSE:VNP EPS forecast for the fiscal quarter 2025 (Q3) is 0.12.

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