Mr. Rahim Suleman reports

NEO PERFORMANCE MATERIALS RAISES FULL-YEAR 2026 ADJUSTED EBITDA GUIDANCE

Neo Performance Materials Inc. has increased its full-year 2026 adjusted earnings before interest, taxes, depreciation and amortization guidance, reflecting strong operating performance through the first portion of the year, as well as sustained higher-than-expected pricing across its critical material portfolio.

Neo now expects full-year 2026 adjusted EBITDA of $140-million to $150-million, up from its prior guidance range of $100-million to $110-million, an increase of 38 per cent at the midpoint and approximately 90 per cent above full-year 2025 adjusted EBITDA of $76-million.

Prices for critical materials, including hafnium, gallium and rare earth elements, remained elevated through the first half of 2026, supported by tight global supply, sustained end market demand and growing strategic focus on supply chain security. Combined with broad-based operational strength and demand across all three business segments, these conditions are expected to drive significantly stronger full-year earnings.

"This increase in our full-year adjusted EBITDA guidance reflects healthy demand, favourable pricing and disciplined execution across all three business segments," said Rahim Suleman, president and chief executive officer. "Our rare metals business, which focuses on critical materials, continues to benefit from a strong pricing environment. Having secured hafnium, gallium and tantalum inventory, alongside increased contracted volumes, we have greater visibility and added confidence as we look to the second half of 2026."

Second quarter 2026 financial results conference call

Neo intends to report its second quarter results for the period ended June 30, 2026, before the Toronto market opens on Tuesday, Aug. 11, 2026, and will host a conference call at 10 a.m. Eastern Time on that day, to review the company's second quarter results. The company will disseminate a news release with call-in details for the call closer to the date.

About Neo Performance Materials Inc.

Neo manufactures the building blocks of many modern technologies that enhance efficiency and sustainability. Neo's advanced industrial materials -- magnetic powders, rare earth magnets, magnetic assemblies, specialty chemicals, metals and alloys -- are critical to the performance of many everyday products and emerging technologies. Neo's products fast-forward technologies for the net-zero transition. The business of Neo is organized along three segments: Magnequench, chemicals and oxides, and rare metals. Neo is headquartered in Toronto, Ont., Canada; with corporate offices in Greenwood Village, Colo., United States; Singapore; and Beijing, China. Neo has a global platform that includes manufacturing facilities located in Canada, Estonia, China, Germany, Thailand and the United Kingdom, as well as a dedicated research and development centre in Singapore.

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