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MP Materials Q2’25 Earnings Highlights

$MP (+1,54 %)


🔹 Adj. EPS: $(0.13) (Est. $(0.18)) 🟢

🔹 Revenue: $57.4M (Est. $46.3M) 🟢; UP +84% YoY

🔹 Adj. EBITDA: $(12.5M); improved from $(27.1M) YoY

🔹 Net Loss: $(30.9M); improved from $(34.1M) YoY

🔹 Adj. Net Loss: $(21.4M); improved from $(28.0M) YoY


Q2 Segment:


Materials Segment

🔹 Revenue: $37.5M; UP +20% YoY

🔹 NdPr Revenue: $25.0M; UP +283% YoY

🔹 Rare Earth Conc. Revenue: $11.9M; DOWN -51% YoY

🔹 Adj. EBITDA: $(12.7M); improved +28% YoY


Magnetics Segment

🔹 Revenue: $19.9M (vs. $0M YoY)

🔹 Adj. EBITDA: $8.1M (vs. $(2.8M) YoY)


Production & Sales Metrics

🔹 REO Production: 13,145 MT; UP +45% YoY

🔹 REO Sales: 2,658 MT; DOWN -54% YoY

🔹 NdPr Production: 597 MT; UP +119% YoY

🔹 NdPr Sales: 443 MT; UP +226% YoY

🔹 Realized NdPr Price: $57/kg; UP +19% YoY


Strategic Updates

🔸 Announced partnerships with Apple & U.S. Department of Defense

🔸 Transitioning to refined NdPr oxide and metal; ceased RE concentrate exports to China

🔸 Magnetics segment began profitable production of magnetic precursor products


CEO Commentary – James Litinsky

🔸 “We achieved record NdPr production and our second-highest REO output.”

🔸 “Magnetics segment advanced commissioning and began profitable metal ramp.”

🔸 “Partnerships with DoD and Apple position MP for long-term growth in physical AI.”

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