<span item_type="fundamental" item_id="18cc94fd7ca6c6e1b709faec0a61fc0a" counter_id="ST/US/AP" env="prod"></span><span item_type="announcement" item_id="627004662536669313" env="prod"></span><p>Revenue: As of FY2025 Q4, the actual value is USD 108.79 M.</p><p>EPS: As of FY2025 Q4, the actual value is USD -2.85.</p><p>EBIT: As of FY2025 Q4, the actual value is USD -53.56 M.</p><p></p><h3>Financial Overview</h3><p>Ampco-Pittsburgh Corporation reported total net sales of $108,788 thousand for the three months ended December 31, 2025, compared to $100,936 thousand in the prior year period, and $434,166 thousand for the full year 2025, up from $418,305 thousand in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/6176/000119312526108519/ap-ex99_1.htm"></span></p><h4>Net Loss</h4><p>Net loss attributable to Ampco-Pittsburgh Corporation for the fourth quarter of 2025 was -$57,663 thousand, or -$2.85 per share, which included a $42.4 million net deconsolidation charge and other costs related to exiting the UK cast roll business, and an $11.9 million after-tax non-cash asbestos revaluation charge.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/6176/000119312526108519/ap-ex99_1.htm"></span> For the full year 2025, the net loss attributable to Ampco-Pittsburgh Corporation was -$66,067 thousand, or -$3.28 per share, which included $52.2 million for the deconsolidation charge and exit costs, and an $11.9 million after-tax non-cash asbestos revaluation charge.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/6176/000119312526108519/ap-ex99_1.htm"></span> This compares to a net income attributable to Ampco-Pittsburgh Corporation of $3,102 thousand ($0.16 per share) in Q4 2024 and $438 thousand ($0.02 per share) for the full year 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/6176/000119312526108519/ap-ex99_1.htm"></span></p><h4>Adjusted EBITDA</h4><p>Adjusted EBITDA for Q4 2025 was $3,176 thousand, down from $6,019 thousand in Q4 2024, primarily due to lower overhead absorption resulting from curtailed production days and lower volume of rolls versus FEP products, partially offset by lower SG&amp;A expenses.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/6176/000119312526108519/ap-ex99_1.htm"></span> The full year 2025 Adjusted EBITDA increased to $29,161 thousand from $28,074 thousand in the prior year, driven by increased revenue and lower SG&amp;A spending, partially offset by lower overhead absorption.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/6176/000119312526108519/ap-ex99_1.htm"></span> Adjusted EBITDA margin was 2.92% for Q4 2025 and 6.72% for the full year 2025, compared to 5.96% for Q4 2024 and 6.71% for the full year 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/6176/000119312526108519/ap-ex99_1.htm"></span></p><h4>Operating Costs and Expenses</h4><p>Total operating costs and expenses for Q4 2025 were $165,162 thousand, significantly higher than $95,762 thousand in Q4 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/6176/000119312526108519/ap-ex99_1.htm"></span> For the full year 2025, total operating costs and expenses were $488,645 thousand, up from $406,136 thousand in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/6176/000119312526108519/ap-ex99_1.htm"></span></p><h4>Operating Income (Loss)</h4><p>Ampco-Pittsburgh Corporation reported an operating loss of -$56,374 thousand in Q4 2025, compared to an operating income of $5,174 thousand in Q4 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/6176/000119312526108519/ap-ex99_1.htm"></span> For the full year 2025, the operating loss was -$54,479 thousand, compared to an operating income of $12,169 thousand in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/6176/000119312526108519/ap-ex99_1.htm"></span></p><h4>Segment Performance (Adjusted Income from Operations)</h4><ul><li><strong>Forged and Cast Engineered Products (FCEP)</strong>:<ul><li>Q4 2025 adjusted income from operations was $2,250 thousand on net sales of $70,945 thousand, with an adjusted margin of 3.17%.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/6176/000119312526108519/ap-ex99_1.htm"></span></li><li>Q4 2024 adjusted income from operations was $5,479 thousand on net sales of $66,460 thousand, with an adjusted margin of 8.24%.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/6176/000119312526108519/ap-ex99_1.htm"></span></li><li>Full year 2025 adjusted income from operations was $24,352 thousand on net sales of $292,608 thousand, with an adjusted margin of 8.32%.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/6176/000119312526108519/ap-ex99_1.htm"></span></li><li>Full year 2024 adjusted income from operations was $28,096 thousand on net sales of $286,565 thousand, with an adjusted margin of 9.80%.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/6176/000119312526108519/ap-ex99_1.htm"></span></li></ul></li><li><strong>Air and Liquid Processing (ALP)</strong>:<ul><li>Q4 2025 adjusted income from operations was $3,270 thousand on net sales of $37,843 thousand, with an adjusted margin of 8.64%.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/6176/000119312526108519/ap-ex99_1.htm"></span></li><li>Q4 2024 adjusted income from operations was $3,663 thousand on net sales of $34,476 thousand, with an adjusted margin of 10.62%.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/6176/000119312526108519/ap-ex99_1.htm"></span></li><li>Full year 2025 adjusted income from operations was $15,403 thousand on net sales of $141,558 thousand, with an adjusted margin of 10.88%.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/6176/000119312526108519/ap-ex99_1.htm"></span></li><li>Full year 2024 adjusted income from operations was $12,683 thousand on net sales of $131,740 thousand, with an adjusted margin of 9.63%.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/6176/000119312526108519/ap-ex99_1.htm"></span></li></ul></li></ul><h4>Other Financial Metrics</h4><p>Interest expense for Q4 2025 was -$2,817 thousand and -$11,369 thousand for the full year 2025, comparable to the prior year periods.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/6176/000119312526108519/ap-ex99_1.htm"></span> Other income – net declined in both Q4 and the full year 2025 compared to 2024, due to lower pension income and higher foreign currency transaction losses.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/6176/000119312526108519/ap-ex99_1.htm"></span></p><h4>Outlook / Guidance</h4><p>Ampco-Pittsburgh Corporation’s exit from its UK cast roll facility in Q4 2025 is expected to yield an annual positive EBITDA improvement of $7 million to $8 million.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/6176/000119312526108519/ap-ex99_1.htm"></span> The company plans to reallocate approximately 50% of the former UK facility’s volume to its Sweden operating plant.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/6176/000119312526108519/ap-ex99_1.htm"></span> The Air and Liquid Processing business demonstrates continued growth, with full-year revenue increasing for the fourth consecutive year and adjusted operating income reaching a new record high in 2025.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/6176/000119312526108519/ap-ex99_1.htm"></span></p>

Ampco-Pittsburgh | 8-K: FY2025 Q4 Revenue: USD 108.79 M