August 3, 2026 | Montréal, Québec
5N Plus Inc. (TSX: VNP) (“5N+” or “the Company”), a leading global producer of specialty semiconductors and performance materials, today announced its financial results for the second quarter ended June 30, 2026 (“Q2 2026”). All amounts are expressed in U.S. dollars unless otherwise stated.
“Our second-quarter and first-half results demonstrate the strength of demand across our strategic end markets and the resilience of the 5N+ business model, which continue to drive strong revenue and earnings growth despite a more challenging operating environment,” said Richard Perron, President and Chief Executive Officer of 5N+.
“The second quarter reflected increased cost pressures as expected, as well as temporary reduced operational efficiencies associated with our ongoing capacity expansion initiatives to support future growth. Despite these headwinds, our teams executed effectively, maintained strong customer deliveries, and continued to advance our growth initiatives. Supported by a robust demand pipeline and disciplined execution, we are reaffirming our full-year 2026 Adjusted EBITDA guidance and remain focused on executing our long-term growth strategy.”
Financial Highlights
- Revenue in Q2 2026 increased by 28% to $122.4 million, compared to $95.3 million in Q2 2025, primarily reflecting higher volumes in Specialty Semiconductors and Performance Materials.
- Adjusted EBITDA1 in Q2 2026 increased by 10% to $26.6 million, compared to $24.1 million in Q2 2025, driven by higher volumes under both segments.
- Adjusted gross margin1 in Q2 2026 increased by 12% to $37.0 million, compared to Q2 2025. Adjusted gross margin as a percentage of sales1 was 30.3% in Q2 2026, compared to 34.6% in Q2 2025, as higher metal input and chemical costs diluted the favourable impact of higher volumes.
- Net earnings were $19.7 million in Q2 2026, compared to $15.2 million in Q2 2025.
- Backlog1 stood at $420.0 million, representing 313 days of annualized revenue as at June 30, 2026, 23 days lower than in the previous quarter and 16 days higher than as at June 30, 2025.
- Net debt1 was $23.7 million as at June 30, 2026, compared to $50.3 million as at December 31, 2025, while the Company’s net-debt-to-EBITDA ratio1 stood at 0.21x as at June 30, 2026.
Outlook
The Company continues to benefit from favourable long-term fundamentals and structural expansion across its key end markets in Specialty Semiconductors and from the resilience of its Performance Materials segment.
As the geopolitical and economic backdrop continues to evolve, the Company expects its operating environment to remain complex and for input and operating costs to increase, as reflected in Q2 2026 results, including a normalization in margin conditions for Performance Materials. To help mitigate these impacts, the Company remains focused on the disciplined execution of its productivity initiatives and capacity expansion plans to increase operational efficiency and gain economies of scale.
Based on its strong first-half performance, and anticipated and contracted demand through the second half of the year, the Company is reaffirming its full-year 2026 Adjusted EBITDA guidance of $100 million to $105 million.
Supported by its competitive market positioning and expertise, including its Western manufacturing base and focus on value-added products, strong customer relationships and commercial discipline, 5N+ remains well positioned to continue executing its long-term growth strategy as a critical supplier to critical industries.
Conference Call
5N+ will host a conference call on Tuesday, August 4, 2026, at 8:00 a.m. (EDT) to discuss its second quarter 2026 financial results. All interested parties are invited to participate in the live broadcast on the Company’s website at www.5nplus.com.
To participate in the conference call:
- Toronto area: 1 289-819-1299
- Montréal area: 1 514-400-3794
- Toll‐free: 1 800-990-4777
- Access code: 25810
A replay will be available two hours after the event and until August 11, 2026. To access the recording, please dial
1 888-660-6345 and enter access code 25810.
About 5N+
5N+ is a leading global producer of specialty semiconductors and performance materials. The Company’s ultra‐pure materials often form the core element of its customers’ products. These customers rely on 5N+’s products to enable performance and sustainability in their own products. 5N+ deploys a range of proprietary and proven technologies to develop and manufacture its products. The Company’s products enable various applications in several key industries, including renewable energy, security, space, pharmaceutical, medical imaging and industrial. Headquartered in Montréal, Quebec, 5N+ operates R&D, manufacturing and commercial centers in strategically located facilities around the world including Europe, North America and Asia.
Forward‐Looking Statements
Certain statements in this press release may be forward‐looking within the meaning of applicable securities laws. Such forward‐looking statements are based on a number of estimates and assumptions that the Company believes are reasonable when made, including that 5N+ will be able to retain and hire key personnel and maintain relationships with customers, suppliers and other business partners, that 5N+ will continue to operate its business in the normal course, that 5N+ will be able to implement its growth strategy, that 5N+ will be able to successfully complete the realization of its backlog in a timely manner, that 5N+ will not suffer any supply chain challenges or any material disruption in the supply of raw materials on competitive terms, that 5N+ will be able to generate new sales, produce, deliver, and sell its expected product volumes at the expected prices and control its costs, as well as other factors believed to be appropriate and reasonable in the circumstances. However, there can be no assurance that such estimates and assumptions will prove to be correct. These statements are not guarantees of future performance and involve assumptions, risks and uncertainties that are difficult to predict and may cause the Company’s actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward‐looking statements. A description of the risks affecting the Company’s business and activities appears under the heading “Risk and Uncertainties” of 5N+’s 2025 MD&A dated February 24, 2026 available on SEDAR+ at www.sedarplus.ca.
Forward‐looking statements can generally be identified by the use of terms such as “may”, “should”, “would”, “believe”, “expect”, the negative of these terms, variations of them or any similar terms. No assurance can be given that any events anticipated by the forward‐looking statements in this press release will transpire or occur, or if any of them do so, what benefits that 5N+ will derive therefrom. In particular, no assurance can be given as to the future financial performance of 5N+.
The forward‐looking statements contained in this press release is made as of the date hereof and the Company has no obligation to publicly update such forward‐looking information to reflect new information, subsequent or otherwise, unless required by applicable securities laws. The reader is warned against placing undue reliance on these forward‐looking statements. Forward-looking statements are presented in this press release for the purpose of assisting investors and others in understanding certain key elements of the Company’s expected financial results, as well as the Company’s objectives, strategic priorities and outlook, and in obtaining a better understanding of the Company’s anticipated operating environment. Readers are cautioned that such information may not be appropriate for other purposes.
Contact:
Alban Fournier
Chief Financial Officer
5N Plus Inc.
514 856-0644
invest@5nplus.com