Elmet Group Q1 FY26 net loss widens to USD 338,000; revenue rises 20.7% to USD 56.01 million

Elmet Group Co.

Elmet Group Co.

ELMT

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  • The Elmet Group reported a net loss of USD 338,000, swinging from net income of USD 1.2 million a year earlier.
  • Revenue rose 20.7% to USD 56.01 million, while operating income fell 34.8% to USD 1.86 million.
  • Income tax provision was USD 4.71 million, driven by a one-time USD 3.8 million impact tied to the Reorganization.
  • Other income turned into a USD 2.51 million net gain, reflecting a USD 3.1 million derivative fair-value gain and USD 654,000 of other income.
  • IPO closed April 23 at USD 14 per share, generating net proceeds of USD 128.2 million; proceeds were used to repay related-party debt including Great Falls and the CEO line.


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