Revenue: As of FY2025 Q3, the actual value is USD 121 M.EPS: As of FY2025 Q3, the actual value is USD -0.25.EBIT: As of FY2025 Q3, the actual value is USD -14.36 M.<h3>Metallurgical Coal Segment</h3><ul><li>Revenue: $120.996 million for the three months ended September 30, 2025, a decrease from $167.411 million in the same period of 2024. For the nine months ended September 30, 2025, revenue was $408.611 million, down from $495.403 million in 2024.</li><li>Cost of Sales: $101.842 million for the three months ended September 30, 2025, compared to $133.368 million in 2024. For the nine months ended September 30, 2025, cost of sales was $346.326 million, down from $393.596 million in 2024.</li><li>Segment Adjusted EBITDA: $15.943 million for the three months ended September 30, 2025, down from $26.968 million in 2024. For the nine months ended September 30, 2025, Segment Adjusted EBITDA was $51.362 million, compared to $85.862 million in 2024.</li><li>Tons Sold: 873 thousand tons for the three months ended September 30, 2025, compared to 1,023 thousand tons in 2024. For the nine months ended September 30, 2025, 2,897 thousand tons were sold, compared to 2,867 thousand tons in 2024.</li></ul><h3>Rare Earths and Critical Minerals Segment</h3><ul><li>Segment Adjusted EBITDA: -$3.759 million for the three months ended September 30, 2025, compared to -$1.363 million in 2024. For the nine months ended September 30, 2025, Segment Adjusted EBITDA was -$12.402 million, compared to -$3.618 million in 2024.</li></ul><h3>Cash Flow</h3><ul><li>Operating Cash Flow: $20.338 million for the nine months ended September 30, 2025, compared to $96.983 million in 2024.</li><li>Investing Cash Flow: -$56.143 million for the nine months ended September 30, 2025, compared to -$58.102 million in 2024.</li><li>Financing Cash Flow: $196.642 million for the nine months ended September 30, 2025, compared to -$57.979 million in 2024.</li></ul><h3>Future Outlook and Strategy</h3><ul><li>Core Business Focus: The company plans to continue developing its existing properties and grow annual production to approximately seven million clean tons of metallurgical coal, subject to market conditions, permitting, and additional capital deployment in the medium-term.</li><li>Non-Core Business: The company is developing the Brook Mine for rare earth elements and critical minerals, with construction of a laboratory/pilot plant expected to be completed in mid-2026. The company has also raised $200 million through an underwritten public offering to fund the development of its rare earth elements and critical minerals platform.</li></ul>

RAMACO RESOURCES INC 8.25% NTS 31/07/2030 USD25 | 10-Q: FY2025 Q3 Revenue: USD 121 M