<span item_type="fundamental" item_id="29404664c97ce2f5a037f5072824520b" counter_id="ST/US/ELMT" env="prod"></span><span item_type="announcement" item_id="653688820639799169" env="prod"></span><p>Revenue: As of FY2026 Q1, the actual value is USD 56.01 M.</p><p>EPS: As of FY2026 Q1, the actual value is USD -0.02.</p><p>EBIT: As of FY2026 Q1, the actual value is USD 5.612 M.</p><p></p><h3>First Quarter Fiscal Year 2026 Highlights</h3><h4>Revenue</h4><p>Revenue for the first quarter of fiscal year 2026 increased 20.7% to approximately $56.0 million, compared to approximately $46.4 million in Q1 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2101698/000121390026062434/ea029220501ex99-1.htm"></span>. Revenue from the Critical Materials &amp; Components (CMC) division increased approximately $9.1 million compared to Q1 2025, primarily driven by growth within the Aerospace, Defense &amp; Government (ADG) end market <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2101698/000121390026062434/ea029220501ex99-1.htm"></span>.</p><h4>Gross Profit and Margin</h4><p>Gross profit margin improved 260 basis points to 21.2% of revenue in Q1 2026, up from 18.6% of revenue in Q1 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2101698/000121390026062434/ea029220501ex99-1.htm"></span>. Gross profit for the quarter was $11,848 thousand, compared to $8,611 thousand in Q1 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2101698/000121390026062434/ea029220501ex99-1.htm"></span>.</p><h4>Operating Income and Expenses</h4><p>Total operating expenses were $9,985 thousand in Q1 2026, compared to $5,753 thousand in Q1 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2101698/000121390026062434/ea029220501ex99-1.htm"></span>. Operating income was $1,863 thousand, compared to $2,858 thousand in Q1 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2101698/000121390026062434/ea029220501ex99-1.htm"></span>.</p><h4>Net Income (Loss)</h4><p>Net loss for Q1 2026 was - $0.3 million, compared to net income of $1.2 million in Q1 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2101698/000121390026062434/ea029220501ex99-1.htm"></span>. Adjusted net income for Q1 2026 was $4.7 million, compared to $1.9 million in Q1 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2101698/000121390026062434/ea029220501ex99-1.htm"></span>.</p><h4>Adjusted EBITDA</h4><p>Adjusted EBITDA increased to approximately $9.2 million, or 16.4% of revenue, in Q1 2026, compared to approximately $4.5 million, or 9.6% of revenue, in Q1 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2101698/000121390026062434/ea029220501ex99-1.htm"></span>.</p><h4>Open Order Backlog</h4><p>Open order backlog increased to approximately $113.3 million in Q1 2026, up from approximately $96.3 million at the end of Q4 2025 and approximately $74.7 million at the end of Q1 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2101698/000121390026062434/ea029220501ex99-1.htm"></span>.</p><h4>Strategic Investment Income</h4><p>The Elmet Group Co. recorded approximately $3.7 million in income related to a change in fair value and mark to market of its strategic investment in tungsten mining company EQ Resources Limited <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2101698/000121390026062434/ea029220501ex99-1.htm"></span>.</p><h3>Trailing Twelve Months Highlights</h3><h4>Revenue</h4><p>Revenue for the trailing twelve months increased 4.8% to approximately $211.2 million, compared to $201.6 million for the 2025 fiscal year <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2101698/000121390026062434/ea029220501ex99-1.htm"></span>.</p><h4>Gross Profit Margin</h4><p>Gross profit margin improved 60 basis points to 20.9% of revenue for the trailing twelve months, compared to 20.3% for the 2025 fiscal year <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2101698/000121390026062434/ea029220501ex99-1.htm"></span>.</p><h4>Net Income (Loss)</h4><p>Net income decreased to approximately $4.0 million for the trailing twelve months, compared to $5.5 million for the 2025 fiscal year <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2101698/000121390026062434/ea029220501ex99-1.htm"></span>. Adjusted net income increased to approximately $16.2 million, compared to $13.4 million for the 2025 fiscal year <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2101698/000121390026062434/ea029220501ex99-1.htm"></span>.</p><h4>Adjusted EBITDA</h4><p>Adjusted EBITDA for the trailing twelve months increased approximately $5.2 million to $28.6 million, or 13.5% of revenue, compared to approximately $23.4 million, or 11.6% of revenue, for the 2025 fiscal year <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2101698/000121390026062434/ea029220501ex99-1.htm"></span>.</p><h3>Cash Flow from Operating Activities (Three Months Ended)</h3><p>Net cash provided by operating activities from continuing operations was $6,921 thousand for Q1 2026, compared to $8,233 thousand for Q1 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2101698/000121390026062434/ea029220501ex99-1.htm"></span>. Net cash provided by operating activities was $6,921 thousand for Q1 2026, compared to $5,305 thousand for Q1 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2101698/000121390026062434/ea029220501ex99-1.htm"></span>.</p><h3>Cash Flow from Investing Activities (Three Months Ended)</h3><p>Net cash used in investing activities from continuing operations was - $2,337 thousand for Q1 2026, compared to - $2,733 thousand for Q1 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2101698/000121390026062434/ea029220501ex99-1.htm"></span>.</p><h3>Cash Flow from Financing Activities (Three Months Ended)</h3><p>Net cash used in financing activities from continuing operations was - $4,473 thousand for Q1 2026, compared to - $6,448 thousand for Q1 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2101698/000121390026062434/ea029220501ex99-1.htm"></span>.</p><h3>Cash at End of Period</h3><p>Cash at the end of the period was $1,825 thousand for Q1 2026, compared to $2,806 thousand for Q1 2025 <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2101698/000121390026062434/ea029220501ex99-1.htm"></span>.</p><h3>Subsequent Events and Outlook</h3><p>Following Q1 2026, The Elmet Group Co. completed an upsized IPO, raising approximately $125.5 million in net proceeds <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2101698/000121390026062434/ea029220501ex99-1.htm"></span>. The company subsequently retired $17.8 million in term debt and paid $8.3 million in transaction-related stock appreciation rights costs, resulting in $99.4 million cash on hand from the proceeds <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2101698/000121390026062434/ea029220501ex99-1.htm"></span>. Management views the operating environment as highly favorable due to strong demand for critical materials, increasing defense spending, and ongoing supply chain realignment, positioning the company to meet demand and expand its role as a trusted supplier <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2101698/000121390026062434/ea029220501ex99-1.htm"></span>. The company’s recent performance, record backlog, and fortified balance sheet are expected to support opportunistic investments for long-term competitive positioning <span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/2101698/000121390026062434/ea029220501ex99-1.htm"></span>.</p>

Elmet | 8-K: FY2026 Q1 Revenue: USD 56.01 M