From GlobeNewswire: 2025-05-07 17:05:00

Itafos Inc. reported its Q1 2025 financial results, with revenues of $135.7 million, adjusted EBITDA of $39.3 million, and net income of $35.9 million. The company achieved these results despite higher input costs at Conda due to sulfur market dynamics. Total capex spend was $9.9 million in Q1 2025. As of March 31, 2025, the company had a net debt of $(1.7) million and a net leverage ratio of (0.0)x.

The Company successfully closed the sale of the Araxá project, resulting in a gain of $27.9 million. Recent developments included receiving a vesting notice from St. George and paying a special dividend to shareholders. Market outlook for 2025 predicts strong phosphate pricing supported by global demand, limited imports, and ongoing export restrictions from China.

Operations at Conda and Arraias showed production increases and revenue growth. The Company is focused on mine life extension at H1/NDR and exploration activities at Conda. Free cash flow for Q1 2025 was $31.3 million. Corporate selling, general, and administrative expenses for the quarter were $3.5 million.

Scientific and technical information related to mineral reserves and resources at Conda was reviewed and approved by independent professionals. Non-IFRS financial measures were used in evaluating the company’s operational and financial performance. EBITDA, adjusted EBITDA, total capex, net debt, net leverage ratio, liquidity, and free cash flow were key metrics analyzed.



Read more at GlobeNewswire:: Itafos Reports Outstanding Operational and Financial Q1