EQS-News: AMAG Austria Metall AG: Strong earnings growth in the first three quarters of 2026

EQS-News: AMAG Austria Metall AG / Key word(s): 9 Month figures
   AMAG Austria Metall AG: Strong earnings growth in the first three quarters
   of 2026

   29.10.2026 / 07:15 CET/CEST
   The issuer is solely responsible for the content of this announcement.

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   Investor Information

   Ranshofen, 29 October 2026

   AMAG Austria Metall AG: Strong earnings growth in the first three quarters
   of 2026

     • Strong operational performance at the Ranshofen site and continued
       favourable market conditions for the Canadian Alouette smelter are
       driving profitability
     • Revenue benefits from high shipments and aluminium prices, rising by
       +16.4% to EUR 1,323.4 million (Q1-Q3/2025: EUR 1,137.0 million)
     • EBITDA rose significantly by +58.9% to EUR 181.4 million
       (Q1-Q3/2025: EUR 114.2 million); EBITDA margin improved to 13.7%
       (Q1-Q3/2025: 10.0%)
     • Net income after taxes rose by +141.6% to EUR 81.7 million as a result
       of the positive performance across all operating divisions
       (Q1-Q3/2025: EUR 33.8 million)
     • Outlook for 2026: Full-year EBITDA between EUR 200 and 220 million

   AMAG Group continued its positive business performance in the third
   quarter of 2026 with strong growth. In the first nine months of 2026,
   revenue, EBITDA and net income after taxes rose significantly compared
   with the previous year. Key drivers included the strong operational
   performance at the Ranshofen site, characterised by high productivity,
   quality and delivery performance, the significant increase in volumes in
   the Rolling Division, and attractive market conditions for the Canadian
   aluminium smelter interest Alouette. The consistent implementation of
   cost-efficiency measures is also having a positive impact on
   profitability.

   Victor Breguncci, MBA, Chief Executive Officer of AMAG: “The third quarter
   of 2026 was exceptionally strong for AMAG. With an EBITDA of EUR 80.3
   million, we achieved the second-best quarterly result in the company’s
   history. The initiatives we have put in place to boost profitability in
   Ranshofen are proving effective and have enabled us to capitalise on
   opportunities that are coming from our key premium markets. The business
   performance to date and the current order book give us confidence that we
   will close the financial year 2026 with an EBITDA between EUR 200 and 220
   million.”

   AMAG Group’s revenues rose significantly by +16.4% to EUR 1,323.4 million
   in the first three quarters of 2026 (Q1-Q3/2025: EUR 1,137.0 million).
   This revenue growth was driven in particular by the positive shipments
   trend in the Rolling Division and the noticeably higher aluminium price
   levels. Exchange rate effects resulting from the stronger euro against the
   US dollar had a particularly negative impact.

   Total shipments of AMAG Group increased significantly by +6.9 % to 342,900
   tonnes compared with the previous year (Q1-Q3/2025: 320,800 tonnes). In
   the Rolling Division, significant growth in shipments was achieved in the
   automotive, heat exchanger and aerospace sectors. In the Casting Division,
   good capacity utilisation formed the basis for solid shipment volumes of
   recycled cast alloys. In the Metal Division, shipments of primary
   aluminium were higher than in the previous year.

   AMAG Group’s earnings before interest, tax, depreciation and amortisation
   (EBITDA) saw significant growth of +58.9% to EUR 181.4 million in the
   first three quarters of 2026 (Q1-Q3/2025: EUR 114.2 million). This
   excellent performance, combined with cost-efficiency measures at the
   Ranshofen site that are delivering lasting benefits, as well as attractive
   market conditions in the primary aluminium sector, were the key drivers of
   earnings. The EBITDA margin was thus increased to 13.7% (Q1-Q3/2025:
   10.0%).

   Net income after taxes of AMAG Group, which grew by +141.6% to
   EUR 81.7 million, clearly reflects the positive business performance in
   the first three quarters of 2026 (Q1-Q3/2025: EUR 33.8 million).

   Cash flow from operating activities amounted to EUR -36.2 million
   (Q1-Q3/2025: EUR 134.8 million), especially due to the significantly
   higher capital tied up as a result of the rise in volumes and aluminium
   prices. At EUR -31.1 million, cash flow from investing activities clearly
   reflects the reduced investment activity at the Ranshofen
   site (Q1-Q3/2025: EUR -40.6 million). This resulted in a free cash flow of
   EUR -67.3 million (Q1-Q3/2025: EUR 94.2 million).

   Net financial debt stood at EUR 401.1 million as at 30 September 2026 as a
   result of increased capital tied up (31 December 2025: EUR 321.0 million).
   Thanks to the significantly improved earnings performance over the last
   twelve months, the leverage ratio (net financial debt/EBITDA of the last
   twelve months) was reduced to 2.0 (31 December 2025: 2.3).

   Cash and cash equivalents stood at EUR 193.3 million as at 30 September
   2026 (31 December 2025: EUR 276.5 million). In addition to the higher
   capital tied up, the dividend distributions in April 2026, amongst other
   factors, had an impact on liquidity. Equity grew to EUR 786.1 million (31
   December 2025: EUR 717.1 million), whilst the equity ratio rose to 43.8%
   (31 December 2025: 43.2%).

   Performance in the third quarter of 2026

   Revenues in the third quarter of 2026 rose to EUR 472.7 million (Q3/2025:
   EUR 350.8 million; +34.7%). AMAG Group’s total shipments increased by
   21.0 % to 121,500 tonnes (Q3/2025: 100,400 tonnes), with around 9,000
   tonnes of primary aluminium from the second quarter contributing to the
   growth.

   EBITDA reached EUR 80.3 million in the third quarter of 2026, marking the
   second-best quarterly result in the company’s history. Compared with the
   same quarter of the previous year, this represents an increase of +139.5%
   (Q3/2025: EUR 33.5 million). The main drivers behind this were higher
   aluminium prices, increased premiums and a positive volume trend at the
   Ranshofen site.

   At EUR 61.3 million, the operating profit (EBIT) for the third quarter of
   2026 reflects the positive quarterly performance across all AMAG divisions
   (Q3/2025: EUR 14.5 million; +323.9%). Net income after taxes rose
   significantly to EUR 41.0 million (Q3/2025: EUR 10.4 million; +295.1%).

   Cash flow from operating activities stood at EUR 20.5 million in the third
   quarter of 2026, affected by higher capital tied up as a result of growth
   in aluminium prices and volumes (Q3/2025: EUR 58.5 million). Free cash
   flow stood at EUR 8.8 million (Q3/2025: EUR 45.1 million).

   Outlook for 2026:

   Based on current business performance and the order book, as well as
   expected price trends and geopolitical assumptions, the AMAG Management
   Board has raised its EBITDA forecast for the 2026 financial year to
   between EUR 200 million and EUR 220 million. Earnings growth compared with
   the previous year is anticipated across all operating divisions.

   In the Metal Division, stable production at Alouette and a continued
   attractive price level for aluminium and alumina are anticipated. Negative
   roll-over effects are likely to continue to weigh on results, albeit to a
   lesser extent. In the Casting Division, solid capacity utilisation, high
   productivity, cost-efficiency measures with a lasting impact and the
   improved pricing environment form the basis for the positive earnings
   trend. In the Rolling Division, a strong operational performance is also
   anticipated in the fourth quarter, characterised by high productivity, the
   lasting impact of cost-efficiency measures and profitable volume growth.

   The forecast is based in particular on the continuation of strong
   performance across all AMAG divisions, the realisation of the anticipated
   volume growth in the Rolling Division, and attractive market conditions
   for primary aluminium. Relevant risks include, especially, adverse
   short-term changes in relevant market prices, changes to US import duties,
   a shipments trend in the Rolling Division that falls short of
   expectations, and short-term rises in energy prices. Valuation effects (in
   particular coming from derivatives) and provisions may also cause
   significant fluctuations in earnings.

    

   AMAG key figures: 

                          Q3/2026 Q3/2025 Change in  Q1-Q3/  Q1-Q3/ Change in
                                                  %    2026    2025         %
   Total shipments in     121,500 100,400     +21.0 342,900 320,800      +6.9
   tonnes
   of which external      105,800  92,400     +14.5 304,600 293,400      +3.8
   shipments in tonnes
   Revenues in EUR          472.7   350.8     +34.7 1,323.4 1,137.0     +16.4
   million
   EBITDA in EUR million     80.3    33.5    +139.5   181.4   114.2     +58.9
   EBIT in EUR million       61.3    14.5    +323.9   124.1    53.2    +133.1
   Net income after taxes    41.0    10.4    +295.1    81.7    33.8    +141.6
   in EUR million
   Cash flow from
   operating activities      20.5    58.5     -64.9   -36.2   134.8    -126.9
   in EUR million
   Cash flow from
   investing activities     -11.7   -13.4     +12.6   -31.1   -40.6     +23.5
   in EUR million
   Employees in FTEs^1)     2,117   2,168      -2.3   2,120   2,199      -3.6

    

                         30 September 2026 31 December 2025 Change in %
   Equity in EUR million             786.1            717.1        +9.6
   Equity ratio in %                  43.8             43.2            
   Gearing ratio in %                 51.0             44.8            

   [1) Average number of employees (full time equivalents), including
   contract workers; excluding apprentices and summer interns. Includes the
   20% personnel share of the aluminium smelter interest Alouette, as well as
   the staff of AMAG components.]

    

   About the AMAG Group

   AMAG Austria Metall AG is a leading Austrian premium supplier of
   high-quality cast and rolled aluminium products, which are used in a wide
   range of industries such as the aerospace, automotive, sporting goods,
   lighting, mechanical engineering, construction and packaging sectors. At
   the Canadian Alouette smelter, in which AMAG holds a 20% interest,
   high-quality primary aluminium is produced with an exemplary environmental
   footprint. The AMAG components division, headquartered in Übersee am
   Chiemsee (Germany), also manufactures ready-to-install metal parts for the
   aerospace industry.

    

   Investor and press contact:                  
   Mag. Christoph M. Gabriel, BSc              Mag. Brigitte Feichtenschlager
   Head of Investor Relations and Group        Public Relations
   Spokesperson
   AMAG Austria Metall AG                      AMAG Austria Metall AG
   Lamprechtshausener Straße 61                Lamprechtshausener Straße 61
   5282 Ranshofen, Austria                     5282 Ranshofen, Austria
   Tel.: +43 (0) 7722-801-3821                 Tel.: +43 (0) 7722-801-2799
   Email: [email protected]            Email: [email protected]

   Website: www.amag.at

    

   NOTE

   The forecasts, plans and forward-looking assessments and statements
   contained in this publication have been made on the basis of all
   information available to AMAG up to 16 October 2026. The economic and
   trade policy environment has changed several times in the recent past.
   Internal calculations and performance analyses are based on various
   assumptions. These include, amongst other things, the continued validity
   of the US import tariffs on aluminium products. Should the assumptions
   underlying the forecasts prove incorrect, targets not be met or risks
   materialise, actual earnings may differ from those currently anticipated.
   We accept no obligation to update such forecasts in the light of new
   information or future events.

   This publication has been prepared with the utmost care and the data has
   been checked. However, rounding errors, transmission errors or printing
   errors cannot be ruled out. In general, rounding may result in
   discrepancies in the figures, totals and percentages presented. AMAG and
   its representatives accept no guarantees, in particular, for the
   completeness and accuracy of the information contained in this
   publication. This publication is also available in German; in cases of
   doubt, the German-language version shall prevail.

   This publication does not constitute a recommendation or an invitation to
   buy or sell AMAG securities.

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   29.10.2026 CET/CEST This Corporate News was distributed by [1]EQS Group

   View original content: [2]EQS News

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   Language:    English
   Company:     AMAG Austria Metall AG
                Lamprechtshausener Straße 61
                5282 Ranshofen
                Austria
   Phone:       +43 7722 801 0
   E-mail:      [email protected]
   Internet:    www.amag.at
   ISIN:        AT00000AMAG3
   WKN:         A1JFYU
   Listed:      Regulated Unofficial Market in Dusseldorf, Frankfurt, Munich,
                Stuttgart, Tradegate BSX; Vienna Stock Exchange (Official
                Market)
   LEI Code:    5299005VO3GJ18GL5F14
   EQS News ID: 2423892


    
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