05:35 PM EST, 11/03/2025 (MT Newswires) -- 5N Plus ( FPLSF ) on Monday reported third-quarter its third-quarter profit most than doubled strong demand.

The company reported net income of US$18.2 million, or US$0.20 per share, up 185% from US$6.3 million, or US$0.07 a year earlier. The result beat he US$0.10 estimate compiled by FactSet.

The company said the jump in its profit came on strong demand in the renewable energy and space solar power sectors and higher pricing for bismuth-based products boosted margins and earnings.

Revenue rose 33% to US$104.9 million from US$78.8 million a year earlier, exceeding the FactSet consensus of US$94.6 million.

5N Plus ( FPLSF ) said it expects strong specialty semiconductor demand from renewable energy and space markets through the rest of 2025, softer volumes in performance materials with stable margins, and it raised its full-year adjusted EBITDA guidance to US$85 million to $90 million from US$65 million to $70 million.

The company also announced a CEO succession plan under which CFO Richard Perron will became president on Nov. 1 and will succeed Gervais Jacques as CEO on May 31, 2026, when Jacques will move into the role of executive chairman.

"This quarter marks another financial milestone for 5N+, with our strongest quarterly revenue in a decade, record adjusted gross margin and quarterly adjusted EBITDA," said Jacques. "These stellar results reflect our strong performance across strategic sectors, reinforced by our global sourcing and manufacturing capabilities and focus on high-growth and high-value markets. In what continues to be a complex environment, we are executing on our growth strategy with discipline, building on our unique advanced materials capabilities and market positioning as the trusted partner of choice.

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The company's shares closed C$0.70 up to C$20.76 on the Toronto Stock Exchange.