AMG Increases Guidance Following Strong Third Quarter 2026 Earnings
Key Highlights
- ➤2026 adjusted EBITDA guidance raised to approximately $280 million from $230-$250 million
- ➤Q3 adjusted EBITDA $77.533 million, up 22% year over year
- ➤Q3 revenue $471.511 million, up 8%; net income rose 75% to $22.834 million
- ➤AMG Lithium Q3 adjusted EBITDA reached $36.709 million versus $2.916 million
- ➤AMG Engineering backlog stood at $366 million as of September 30, 2026
Expert Statements
Dr. Heinz Schimmelbusch, Chairman of the Management Board and CEO of AMG
“We increase our adjusted EBITDA guidance to “approximately $280 million” for 2026, up from a range of “between $230 and $250 million” to reflect the strong performance of our portfolio in the first nine months of 2026. We continue to expect to deliver positive free cash flow in 2026.”
Dr. Heinz Schimmelbusch, Chairman of the Management Board and CEO of AMG
“This quarter’s performance benefited from strong results at our Brazilian lithium operations. Lithium pricing has begun to normalize to the level of replacement economics and is significantly higher than last year. At the same time, Brazil’s operating results have been strong and we achieved a cost per ton which was negative $62 per dry metric ton, CIF China. This outstanding cost result was achieved in part due to the ongoing strong demand for tantalum in electronic applications, which in the face of a limited supply reaction continues to push prices to two-and-a-half times higher than last year’s prices. Looking forward in other areas, we see increased demand for our chrome business in both aerospace as well as emerging growth end-uses such as power generation.”
Dr. Heinz Schimmelbusch, Chairman of the Management Board and CEO of AMG
“We’ve had several positive developments over the past few months. As of September 30, AMG is officially listed on the Frankfurt Stock Exchange, giving investors in Germany and across Europe another way to trade our shares. In October, the European Commission recognized two of AMG Lithium’s activities, namely our lithium refinery in Bitterfeld and Zinnwald Lithium, as “Critical Raw Materials Act Strategic Projects 2026.” This further affirms our strategy of building an independent lithium supply chain for Europe and strengthening the supply of this critical raw material to European industries.”
Amsterdam, 5 November 2026 (Regulated Information) --- AMG Critical Materials N.V. (“AMG”, EURONEXT AMSTERDAM: “AMG”, DEUTSCHE BÖRSE: “ADG”) reports third quarter 2026 adjusted EBITDA of $78 million, a 22% improvement compared to the $64 million in the third quarter of 2025. AMG ended the quarter with a strong balance sheet highlighted by our $550 million of total liquidity as of September 30, 2026.
Dr. Heinz Schimmelbusch, Chairman of the Management Board and CEO, said, “We increase our adjusted EBITDA guidance to “approximately $280 million” for 2026, up from a range of “between $230 and $250 million” to reflect the strong performance of our portfolio in the first nine months of 2026. We continue to expect to deliver positive free cash flow in 2026.
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