Ibc Advanced Alloys (IB) Q3 2025 earnings summary

Executive summary

• Revenue from continuing operations (Copper Alloys division) for the nine months ended March 31, 2025, was $13 million, down from $18.6 million year-over-year, mainly due to two large, non-recurring orders in the prior year.

• Engineered Materials division ceased operations before June 30, 2024, with no sales recorded in the current period.

• Consolidated net loss for the nine months was $3.3 million, compared to net income of $1.1 million in the prior year.

Financial highlights

• Gross profit from continuing operations for the nine months was $2.3 million, down from $4.2 million year-over-year.

• Gross margin declined to 18% from 22% year-over-year.

• Adjusted EBITDA for continuing operations was a loss of $126,000 for the nine months, compared to a gain of $1.85 million in the prior year.

• Operating loss from continuing operations was $735,000 for the nine months, versus operating income of $1.2 million year-over-year.

Outlook and guidance

• Management expects global demand for copper and copper alloy products to rise year-over-year, driven by increased use in transportation, electronics, energy, and defense sectors.

• SG&A expenses are expected to remain at current levels until the plant lease expires in January 2026.