CLEVELAND, Nov. 5, 2025 /PRNewswire/ —

Consolidated Q3 2025 Effects:

• Revenues of $76.6 million grew 24%, future rude benefit of $10.0 million stepped forward 38% over Q3 2024
• Running benefit of $6.8 million up sequentially from Q2 2025 breakeven effects; ill from prior 12 months $19.7 million, which incorporated $13.6 million of commercial interruption insurance coverage source of revenue
• Web source of revenue of $13.3 million when compared with $15.6 million in Q3 2024

NACCO Industries^® (NYSE: NC) as of late introduced consolidated effects for the 3 and 9 months ended September 30, 2025. 

3rd-quarter 2025 profits stepped forward sequentially because of vital enhancements in each and every of the Corporate’s 3 working areas. When compared with the prior-year 0.33 quarter, working benefit lowered as 2024 incorporated a $13.6 million get advantages for trade interruption insurance coverage healings. With the exception of the insurance coverage healing source of revenue, we had a web growth within the underlying working effects as a result of considerable year-over-year working benefit enhancements within the Agreement Mining and Minerals and Royalties areas greater than offset decrease leads to the Usefulness Coal Mining area and an build up in unallocated bills. Important favorable tax results within the 2025 0.33 quarter helped reduce the year-over-year decrease in web source of revenue.

“NACCO’s third-quarter results demonstrate solid progress in growing our business and improving profitability,” stated J.C. Butler, NACCO President and Government Officer. “Although reported operating profit declined year over year due to the insurance recovery, our underlying operational performance was stronger both year over year and sequentially.  I expect this momentum to continue to build as we execute our long-term growth strategy.”

Liquidity

At September 30, 2025, the Corporate had general debt exceptional of $80.2 million. Overall liquidity used to be $152.0 million, which consisted of $52.7 million of money and $99.3 million of availability underneath its revolving credit score facility.

Within the 2025 0.33 quarter, the Corporate paid $1.9 million in dividends. As of September 30, 2025, the Corporate had $7.8 million extra underneath its $20 million percentage repurchase program that expires on the finish of 2025.

Graphic Dialogue of 2025 3rd Quarter In comparison to 2024 3rd Quarter 

In 2025, we modified our reportable area names to backup stakeholders extra simply colleague the trade actions with each and every area. The Usefulness Coal Mining, Agreement Mining, and Minerals and Royalties areas have been previously the Coal Mining, North American Mining, and Minerals Control areas, respectively. The composition and ancient reporting of each and every area remained the similar.

Usefulness Coal Mining Effects

Usefulness Coal Mining revenues for the 2025 0.33 quarter rose 11% because of an build up in lots delivered at Mississippi Lignite Mining Corporate. Prior 12 months deliveries have been constrained as the ability plant served by means of the mine operated with handiest one among its two boilers from mid-December 2023 via July 2024, when the problem used to be resolved. The prior-year quarter features a $13.6 million trade interruption insurance coverage healing related to the decreased energy plant capability. The presence of this get advantages within the 2024 effects used to be a number one reason behind the year-over-year decrease in 2025 working benefit and Area Adjusted EBITDA.

The underlying trade effects at Mississippi Lignite Mining Corporate proceed to be suffering from contractual pricing mechanics, for the purpose of a discount within the contractually enthusiastic in keeping with ton gross sales value in 2025.

Agreement Mining Effects

The Agreement Mining area revenues grew considerably 12 months over 12 months partially because of an build up in reimbursed prices, that have an offsetting quantity in value of products offered and subsequently negative affect on rude benefit. Revenues, web of reimbursed prices, grew 22% basically because of an build up in lots delivered because of upper buyer call for and an build up in portions gross sales.

Progressed margins on the mining operations, an build up in portions gross sales and decrease working bills ended in vital will increase in each working benefit and Area Adjusted EBITDA. Prior 12 months working bills incorporated a $0.9 million wicked debt price that didn’t recur in 2025.

Minerals and Royalties Effects

Minerals and Royalties working benefit and Area Adjusted EBITDA higher 12 months over 12 months essentially because of an growth in profits from an fairness funding and higher royalty revenues basically pushed by means of upper herbal fuel costs.

Outlook

NACCO is a rising varied herbal useful resource corporate, strategically located in order constant monetary returns over the long run. Our companies function completely within the U.S. and handover crucial inputs for electrical energy life, development and advancement, and the manufacturing of commercial minerals and merchandise. Expanding call for for electrical energy, on-shoring and wave federal insurance policies are developing favorable macroeconomic developments inside those industries. We proceed to capitalize on those tailwinds, pursuing longer-term expansion alternatives. Thru disciplined capital allocation, operational experience and an entrepreneurial but wary strategy to expansion, we’ve distinctive features and cloudless aggressive benefits that permit us to seize a large space of horny expansion alternatives. Our platform is supported by means of more than one vectors for cost foundation, and we’re steadfastly dedicated to handing over compounding returns and increasing investor cost over the long run.

Our trade fashion is purposely constructed for sturdiness and resilience. Our foot rests on a strong bottom of long-term coal-mining word of honour, producing unswerving routine coins flows. As brandnew long-term word of honour are added each and every 12 months in our alternative companies, those multi-year assurances develop a “layering” impact as their contributions compound. This, mixed with source of revenue generated by means of our mineral and royalty property, handover coins tide balance. We stay assured in our skill in order tone fourth-quarter 2025 working effects, with momentum development as we journey into 2026.

We await consolidated working benefit for the 2025 fourth quarter to be similar to the prior 12 months quarter. Complete-year working benefit will likely be not up to 2024 due partially to the 2025 second-quarter break-even effects. As well as, we intend to finish our outlined get advantages 401-k within the fourth quarter of 2025. Even if the plan is recently over funded, an important non-cash agreement price is expected upon termination. The pension agreement price and decrease working benefit are anticipated to supremacy to a considerable year-over-year snip in web source of revenue and EBITDA when compared with the 2024 fourth quarter and whole 12 months. We predict significant year-over-year enhancements in each working benefit and web source of revenue in 2026.

Our Usefulness Coal Mining area, operated by means of North American Coal^®, constitutes the foot of our trade, anchored by means of our long-term mining word of honour. We await stable buyer call for for the rest of 2025 and in 2026 on the unconsolidated mining operations. At Mississippi Lignite Mining Corporate, fourth-quarter 2025 effects are anticipated to give a boost to over 2024 because of operational efficiencies. Then again, this growth isn’t anticipated to offset the impact of the relief within the 2025 contractually enthusiastic in keeping with ton gross sales value, inflicting Mississippi Lignite Mining Corporate’s and the Usefulness Coal Mining area’s 2025 full-year effects to say no when compared with 2024. Taking a look forward, we think bettering profitability for this area in 2026, pushed by means of expected enhancements at Mississippi Lignite Mining Corporate in each gross sales value and value in keeping with ton delivered, in particular if the client’s energy plant is in a position to function extra persistently.

The Agreement Mining area, operated by means of North American Mining^®, represents our mining expansion platform. Our increasing pipeline of doable offers and endured engagement with consumers place this area as a key pillar for hour expansion. Thru ongoing geographic and mineral enlargement, we’re development a rising portfolio of long-term word of honour. An illustration, North American Mining accomplished a multi-year oath in October 2025 to handover dragline services and products as a part of a undertaking to form an embankment dam in Palm Seashore County, Florida. This undertaking will have to be accretive to profits starting in the second one quarter of 2026.

Sawtooth Mining, a North American Mining subsidiary, is the unique supplier of complete mining services and products at Thacker Go, which is owned by means of a three way partnership between Lithium Americas Corp. (TSX: LAC) (NYSE: LAC) and Normal Motors Holdings LLC. The U.S. Segment of Power additionally holds warrants to buy 5 % non-voting, non-transferable fairness on this three way partnership. Sawtooth will provide the entire lithium-bearing ore necessities for our buyer’s Thacker Go lithium processing facility, which is recently underneath development. This undertaking is recently offering strong source of revenue right through the development segment and can give a contribution enhanced source of revenue and long-term coins flows as soon as lithium manufacturing commences. Section 1 lithium manufacturing is estimated to start out in overdue 2027.

Past total buyer call for inside the Agreement Mining area is predicted to extend year-over-year, profitability enhancements within the 2025 fourth quarter are anticipated to be pushed by means of operational efficiencies partially offset by means of increased working bills. Momentum from the sturdy full-year 2025 effects and operational efficiencies is predicted to boost up in 2026. Those components, mixed with profits from the brandnew oath signed in October 2025 are anticipated to supremacy to an important build up in year-over-year effects.

The Minerals and Royalties area, led by means of Catapult Minerals Companions^®, has built a top quality, varied portfolio of oil and fuel mineral and royalty pursuits in the USA. The Catapult crew is increasing its portfolio by means of leveraging a data-driven strategy to capital deployment that accommodates a longer-term view of manufacturing and advancement. We imagine this offers a aggressive benefit within the U.S. marketplace.

Minerals and Royalties’ working benefit and Area Adjusted EBITDA for the 2025 fourth quarter are anticipated to snip when compared with 2024 essentially pushed by means of wave marketplace expectancies for herbal fuel and oil costs, in addition to advancement and manufacturing suppositions on recently owned reserves. Past fourth-quarter 2025 effects are projected to say no, full-year working benefit is predicted to extend over 2024, except for the $4.5 million achieve on sale identified within the 2024 moment quarter. This build up is due partially to contemporary investments made by means of Catapult.

In July 2025, Catapult finished a $4.2 million acquisition of mineral pursuits inside the Midland Basin. The purchase comprises a mixture of generating wells, in addition to backup upside alternatives via hour advancement with current operators within the branch. This area additionally has an funding in an organization that holds non-operated running pursuits in oil and herbal fuel property. Past those investments are anticipated to give a contribution to 2026 earnings, discounts in profits from legacy property are anticipated to most commonly offset those enhancements for the purpose of a little working benefit build up when compared with 2025.

Mitigation Assets of North The usa^® supplies flow and wetland mitigation answers, in addition to complete reclamation and recovery development services and products. Mitigation Assets has a powerful recognition and cloudless aggressive strengths, which can be supporting endured enlargement into brandnew markets. This trade, future recently variable in efficiency because of allow and undertaking timing, is predicted to succeed in a key milestone in profitability in 2026 and journey towards extra constant effects over presen because the trade expands.

We proceed to put money into our companies to power hour expansion. In accordance with the wave undertaking pipeline, we await capital expenditures of roughly $44 million within the rest of 2025, and as much as $70 million in 2026, with the bulk earmarked for hour trade advancement — the type of prudent reinvestment this is anticipated to generate vital long-term cost foundation. As we start to harvest returns from prior investments, we undertaking a considerable growth in full-year 2025 coins equipped by means of operations. This growth is predicted to be offset by means of expected capital investments, for the purpose of a decrease virtue of money prior to financing when compared with 2024. In 2026, we think a virtue of money prior to financing similar to 2025.

Our conservative strategy to keeping up a powerful capital construction and working self-discipline minimizes chance, future the compounding impact of a rising portfolio of long-term word of honour and planned expansion investments develop a strong foot for coins tide expansion. With a point of view that spans a long time, we’re methodically development a powerful, strong trade this is anticipated in order annuity-like returns. This long-term view lets in us to leverage our core talents for strategic, gradual enlargement and pursue alternatives with longer-term horizons and better returns, that others with shorter presen horizons would possibly fail to remember. Our loyalty is to generate expanding coins flows and go back cost to stockholders, whether or not via reinvestment for expansion or direct returns equivalent to percentage repurchases and cost of dividends. We stay assured in our skill to power expansion, make bigger our features and praise shareholders over the long term.

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Convention Name

Together with this information loose, the control of NACCO Industries will host a convention name on Thursday, November 6, 2025 at 8:30 a.m. Japanese Hour. The decision is also accessed by means of dialing (888) 880-3330 (North The usa Toll Sovereign) or (646) 357-8766 (World), Convention ID: 7284609, or over the Web via NACCO Industries’ web page at ir.nacco.com/overview. For the ones now not making plans to invite a query of control, the Corporate recommends being attentive to the decision by way of the net webcast. Please permit quarter-hour to check in, obtain and set up any essential audio device required to hear the webcast. A replay of the decision will likely be to be had in a while nearest the decision ends via November 13, 2025. An archive of the webcast may also be to be had at the Corporate’s web page roughly two hours nearest the are living name ends.

Non-GAAP and Alternative Measures

This loose comprises non-GAAP monetary measures inside the that means of Legislation G promulgated by means of the Securities and Change Fee. Integrated on this loose are reconciliations of those non-GAAP monetary measures to probably the most without delay similar monetary measures calculated in response to U.S. usually accredited accounting ideas (GAAP). EBITDA and Area Adjusted EBITDA are equipped only as supplemental non-GAAP disclosures of working effects. Control believes that EBITDA and Area Adjusted EBITDA help buyers in figuring out the result of operations of NACCO Industries. As well as, control evaluates effects the use of those non-GAAP measures.

Ahead-looking Statements Disclaimer

The statements contained on this information loose that aren’t ancient info are forward-looking statements inside the that means of Category 27A of the Securities Employment of 1933 and Category 21E of the Securities Change Employment of 1934. Those forward-looking statements are made topic to positive dangers and uncertainties, which might reason original effects to vary materially from the ones offered. Readers are cautioned to not park undue reliance on those forward-looking statements, which discuss handiest as of the life hereof. The Corporate undertakes negative legal responsibility to publicly revise those forward-looking statements to mirror occasions or cases that be on one?s feet nearest the life hereof. A number of the components that might reason plans, movements and effects to vary materially from wave expectancies are, with out limitation: (1) an important relief in call for by means of the Corporate’s consumers, (2) climate statuses, prolonged energy plant outages, liquidity occasions or alternative occasions that might trade the extent of shoppers’ coal or aggregates necessities, (3) adjustments to or termination of shopper or alternative third-party word of honour, or a buyer or alternative 0.33 get together default underneath a oath, (4) adjustments within the costs of hydrocarbons, in particular diesel gas, herbal fuel, herbal fuel liquids and oil because of components equivalent to OPEC and/or govt movements, geopolitical tendencies, financial statuses and regulatory adjustments, car electrification, in addition to provide and insist dynamics, (5) adjustments in advancement plans by means of third-party lessees of the Corporate’s mineral pursuits, (6) failure or delays by means of the Corporate’s lessees achieve anticipated manufacturing of herbal fuel and alternative hydrocarbons; the supply and value of transportation and processing services and products within the gardens the place the Corporate’s oil and fuel reserves are situated; and the power of lessees to procure capital or financing wanted for well-development operations and leasing and advancement of oil and fuel reserves on federal lands, (7) any buyer’s untimely facility closure or prolonged undertaking advancement lengthen, (8) federal and shape legislative and regulatory movements affecting fossil fuels, (9) provide chain disruptions, together with value will increase and shortages of portions and fabrics, inclusive of tariff results, (10) failure to procure enough insurance coverage coverages at cheap charges, (11) adjustments in tax regulations or regulatory necessities, together with the removing of, or relief in, the proportion depletion tax deduction, adjustments in mining or energy plant emission rules and condition, protection or environmental regulation, (12) impairment fees, (13) adjustments in prices homogeneous to geological and geotechnical statuses, upkeep and upkeep, brandnew apparatus and substitute portions, gas or alternative alike pieces, (14) apparatus issues that might have an effect on deliveries to consumers, (15) adjustments within the prices to reclaim mining gardens, (16) prices to pursue and assemble brandnew mining, mitigation, oil and fuel and gear life advancement alternatives and alternative value-added carrier alternatives, (17) the power to effectively assessment investments and succeed in meant monetary leads to brandnew trade and expansion projects, (18) disruptions from herbal or human reasons, together with horrific climate, injuries, fires, earthquakes and terrorist acts, any of which might lead to suspense of operations or hurt to crowd or the shape, and (19) the power to draw, hold, and change body of workers and administrative workers.

About NACCO Industries

NACCO Industries^® brings herbal sources to time by means of handing over aggregates, minerals, worthy fuels and environmental answers via its tough portfolio of NACCO Herbal Assets companies. Be told extra about our corporations at nacco.com, or get investor data at ir.nacco.com.

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SOURCE NACCO Industries