07:34 AM EDT, 08/12/2025 (MT Newswires) -- Neo Performance Materials ( NOPMF ) on Tuesday said second-quarter adjusted net income and revenue both advanced, beating estimates.

Adjusted net income rose to US$7.8 million, or US$0.19 earnings per share, from US$5.3 million or US$0.13 per share in the prior year period. Analysts polled by FactSet had expected US$0.12 per share.

Revenue increased to US$114.7 million, from US$107.5 million over the same period, above the US$109 million expected.

The company will pay a quarterly dividend of C$0.10 on Sept. 26.

"Our performance for the first half of 2025 is ahead of expectations and reflects strong execution across the business. The results were driven by continued strength in our key end markets and solid operational performance across all our segments, including 31% volume growth in Magnequench. Given our strong first-half performance and our business outlook, we are raising our full-year Adjusted EBITDA guidance to a range of $64.0 to $68.0 million," said Chief Executive Rahim Suleman.