ANPA

Hong Kong, Sept. 30, 2025 (GLOBE NEWSWIRE) -- Rich Sparkle Holdings Limited (“we”, “ANPA” or the “Company”) (Nasdaq: ANPA) is a company with limited liability incorporated under the laws of the British Virgin Islands (“BVI”) with no material operations of its own. The Company conduct its operations as a professional specialist in the provision of financial printing services such as printing, typesetting and translation, advisory services including Environmental, Social and Governance (“ESG”) and internal control reporting services and other services including standalone annual general meeting and extraordinary general meeting supporting service and other standalone services, through ANPA Financial Services Group Limited (“ANPA (HK)”), its sole operating subsidiary in Hong Kong. The Company today announced its unaudited financial results for the six months ended March 31, 2025. First Half of 2024/25 Financial and Operating Highlights Mr. Ka Wo, NG, Director and Chairman of the Company, commented, “Founded in 2016, we are a financial printing and corporate services provider which specializes in designing and printing high quality financial materials in Hong Kong. We are dedicated to providing exceptional service, setting benchmarks for reliability and convenience, and pride ourselves on our ability to deliver tailored solutions that cater to the unique needs of each client.” “We are also proud to announce that the Company has listed its shares on the Nasdaq Capital Market on July 9, 2025 and the shares of the Company are now trading on the Nasdaq under ticker “ANPA.” We believe the listing on Nasdaq is an important milestone for the Company. We will actively explore options for the Company to grow further and create value for our shareholders” concluded Mr. Ng. FINANCIAL RESULTS Revenue Revenue decreased by 2.9% from US$1,793,702 for the six months ended March 31, 2024 to US$1,741,985 for the six months ended March 31, 2025. The decrease was primarily due to the decrease of financial printing services of US$578,520 and the decrease of advisory services of US$44,903, which was partially offset by the increase of other services of US$571,706. For the six months ended March 31, 2025 and 2024, all of the revenue was from clients in Hong Kong. Cost of services During the six months ended March 31, 2025 and 2024, the Company’s cost of services was mainly comprised of staff costs, subcontracting fee, printing costs and other job-specific expenses. The Company incurred cost of services of US$1,109,926 for the six months ended March 31, 2025, compared to US$1,212,073 for the six months ended March 31, 2024, a decrease of US$102,147, or 8.4%. The decrease was generally in line with the decrease in revenue from financial printing services and advisory services. The decrease in printing costs and subcontracting fee were resulted from the reliance more on the internal resources. The Company paid subcontracting fee for (i) translation services handled by professional linguists who ensure accuracy and cultural relevance, (ii) ESG and internal control services support, and (iii) client relationship maintenance support. Gross profit and gross profit margin The total gross profit was US$632,059 and US$581,629 for the six months ended March 31, 2025 and 2024, respectively. The overall gross profit margins were 36.3% and 32.4% for the six months ended March 31, 2025 and 2024, respectively. The total gross profit increased during the six months ended March 31, 2025, due to the increase of salary level and number of the staff to maintain our financial printing services and the reliance on our internal resources which resulting to the decrease in subcontracting fee from the six months ended March 31, 2025. Selling, General and Administrative expenses Selling, general and administrative expenses (“SG&A”) mainly consist of administrative staff cost, depreciation of property, plant and equipment and right-of-use assets, property related expenses, legal and professional fees and other miscellaneous administrative expenses. The SG&A was US$905,329 and US$732,276 for the six months ended March 31, 2025 and 2024, respectively, or 52.0% and 40.8% of the total revenue for the corresponding periods. The increase was mainly due to the increase in the staff costs, property related expenses and miscellaneous expenses. Expected credit losses The expected credit losses were US$nil and US$30,633 for the six months ended March 31, 2025 and 2024, respectively. The decrease in current expected credit losses by US$30,633 or 100%, for the six months ended March 31, 2025, compared to the six months ended March 31, 2024, was primarily attributable to the decrease of long outstanding accounts receivable as at March 31, 2025. Other Expense, Net The other expense was expense of US$31,682 and of US$3,312 for the six months ended March 31, 2025 and 2024, respectively. An increase in other expense by US$28,370 or 856.6%, for the six months ended March 31, 2025, compared to the six months ended March 31, 2024, was primarily attributable to the increase of interest expense on lease liabilities of US$25,188 due to lease modification of its principal executive office during the second half of the year ended September 30, 2024.. Income Tax Expenses The Company and its wholly owned subsidiary, Lore Heaven Holdings Limited (“Lore”), were incorporated in the BVI. Pursuant to the current rules and regulations, the BVI currently levy no taxes on individuals or corporations based upon profits, income, gains or appreciations and there is no taxation in the nature of inheritance tax or estate duty. Therefore, the Company is not subject to any income tax in the BVI. The indirectly wholly-owned subsidiary, ANPA (HK), is subject to income tax within Hong Kong at the applicable tax rate on taxable income. Hong Kong profit tax rates are 8.25% on assessable profits up to HK$2,000,000 (US$257,143), and 16.5% on any part of assessable profits over HK$2,000,000 (US$257,143). For the six months ended March 31, 2025 and 2024, ANPA (HK) did not have any assessable profits in Hong Kong and no provision for paying the Hong Kong profits tax has been made accordingly. The Company had income tax benefit of US$48,167 for the six months ended March 31, 2025, compared to US$30,458 for the six months ended March 31, 2024, an increase of US$17,709, or 58.1%, mainly due to the increase in loss before taxation. The Company’s effective tax rate was approximately 16.5% for the six months ended March 31, 2025 and approximately 16.5% for the six months ended March 31, 2024. Net loss As a result of the foregoing, the net loss for the six months ended March 31, 2025 and 2024 was US$256,785 and US$154,134, respectively. About Rich Sparkle Holdings Limited Founded in 2016, the Company is a financial printing and corporate services provider which specializes in designing and printing high quality financial print materials in Hong Kong. The Company’s service portfolio covers a myriad of deliverables, mainly including listing documents, financial reports, fund documents, circulars and announcements. The Company offers to its customers a wide range of convenient and quality financial printing services, from typesetting, proofreading, translation, design and printing. In addition, the Company also offered advisory services which could cater for its customers’ different requirements, such as conducting internal control assessment and environmental, social and governance (“ESG”) performance evaluation as well as other services including provision of co-working space at its leased office located at Portion 2, 12th Floor, The Center, 99 Queen’s Road Central, Hong Kong, for its customers mainly to conduct meetings and conferences. For more information, please visit the Company’s website: http://www.anpa.com.hk/. Forward-Looking Statements Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that may affect its financial condition, results of operations, business strategy and financial needs. Investors can find many (but not all) of these statements by the use of words such as “approximates,” “believes,” “hopes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “plans,” “will,” “would,” “should,” “could,” “may,” or other similar expressions in this press release. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s announcement and other filings with the SEC. For more information, please contact: Rich Sparkle Holdings Limited Email: [email protected]

Shares of Ampco-Pittsburgh Corporation AP have lost 13.8% since the company reported its earnings for the quarter ended June 30, 2025. This compares unfavorably with the S&P 500 Index’s 1.2% gain in the same period. Over the past month, the stock plunged 12.8% against the S&P 500’s 2.5% rise. For the second quarter of 2025, Ampco-Pittsburgh reported net sales of $113.1 million, up 1.9% from $110.9 million in the prior-year quarter, with growth in forged engineered products and favorable foreign currency translation offsetting weaker mill roll sales. Despite this modest revenue gain, profitability deteriorated sharply. AP posted a net loss attributable to shareholders of $7.3 million, or $0.36 per share, against net income of $2 million, or $0.10 per share, a year ago. The steep swing into loss primarily reflects a $6.8 million charge for severance, accelerated depreciation, and other exit costs tied to the decision to shutter its U.K. cast roll operations. Adjusted EBITDA came in at $7.9 million for the quarter, down 21.2% from $10.1 million in the same period last year, with margin contracting to 7.1% from 9.1%. Year-to-date adjusted EBITDA of $16.8 million showed improvement of 10.2% over the prior-year period’s $15.2 million, aided by stronger profitability in the Air and Liquid Processing (ALP) segment. By segment, Forged and Cast Engineered Products delivered $77.9 million in revenues, up 2.9% year over year from $75.7 million, but lower forged roll demand hurt margins. The ALP segment generated $35.2 million in revenues, down 0.2% from last year’s $35.3 million, yet delivered improved profitability thanks to a stronger product mix and robust demand from the nuclear and military markets. The second quarter was marked by significant cost pressures. Costs of products sold increased 4.9% to $91.9 million from $87.7 million a year earlier, driven by higher manufacturing costs relative to pricing and weaker absorption due to lower production rates. Selling and administrative expenses decreased 4.3% to $12.9 million from $13.6 million, while depreciation rose due to accelerated write-downs associated with the U.K. plant closure. On the financial side, interest expense declined 6.4% to $2.8 million from $3 million, reflecting lower average rates on its revolving credit facility. The company ended June with $9.9 million in cash and $34.2 million of available liquidity under its amended revolving credit facility, which now runs through 2030. Ampco-Pittsburgh Corporation price-consensus-eps-surprise-chart | Ampco-Pittsburgh Corporation Quote CEO Brett McBrayer emphasized that tariff-related volatility significantly weighed on order intake and production in the quarter. McBrayer noted that customers in the roll market paused orders amid uncertainty over U.S. tariff levels, leading to reduced production runs. However, he highlighted progress in winding down the U.K. cast roll facility, which is expected to deliver at least $5 million in annual operating income improvements once complete. CFO Michael McAuley added that the $6.8 million restructuring charge masked underlying progress, particularly in ALP, which achieved its highest year-to-date adjusted EBITDA in history. Management underscored that the long-term fundamentals for core markets — including automotive, construction and nuclear power — remain supportive. Ampco-Pittsburgh’s quarterly performance was pressured by several key factors. Tariff-related uncertainty caused customers to delay roll orders, forcing production cutbacks and lower plant utilization. The company also absorbed $6.8 million in charges tied to the closure of its U.K. cast roll operations, including severance and accelerated depreciation, which heavily impacted earnings. In addition, a shift in product mix — where growth in forged engineered products was offset by weaker roll shipments — compressed margins. These headwinds were only partly mitigated by stronger profitability in the ALP segment, which benefited from improved sales mix and robust demand from nuclear and military customers. While no explicit numerical guidance was issued, management signaled an improved operating environment in 2026, citing tariff clarity and the benefits of restructuring. They expect at least a $5 million uplift to annual operating income post-U.K. exit. The most significant corporate development was the formal decision to exit the U.K. cast roll business, with operations expected to cease by early 2026. The wind-down is projected to reduce revenue by roughly $20 million to $25 million annually, partly offset by reallocating production to Sweden. Management is also evaluating options for the U.K. facility, including potential sale or redevelopment, though no proceeds are yet included in forecasts. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Ampco-Pittsburgh Corporation (AP) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Adjusted EBITDA: $8 million for Q2 2025. Net Sales: $113.1 million for Q2 2025, a 2% increase compared to Q2 2024. Forged and Cast Engineered Products Segment Adjusted EBITDA: $6.8 million for Q2 2025, down $1.5 million from Q1 2025. Air & Liquid Processing Segment Adjusted EBITDA: $3.9 million for Q2 2025, a 15% increase from the prior year. UK Exit Charge: $6.8 million in expenses related to employee severance and other costs. Net Loss: $7.3 million for Q2 2025, or $0.36 per share, including the UK exit charge. Cash on Hand: $9.9 million as of June 30, 2025. Liquidity Position: Undrawn availability on revolving credit facility of $34.2 million as of June 30, 2025. Warning! GuruFocus has detected 6 Warning Signs with AP. Release Date: August 13, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Ampco-Pittsburgh Corp (NYSE:AP) reported adjusted EBITDA of $8 million for the second quarter of 2025. The Air & Liquid Processing segment saw a 15% increase in adjusted EBITDA compared to the prior year, marking the highest year-to-date adjusted EBITDA in the segment's history. The company anticipates a minimum of a $5 million operating income improvement annually following the wind down of the UK cash roll facility. The Air & Liquid Systems segment reported a backlog increase of 8% from the start of the year, with strong demand in the nuclear, military, and pharmaceutical markets. Ampco-Pittsburgh Corp (NYSE:AP) successfully amended and extended its credit agreement through 2030, providing greater flexibility to support global working capital needs. The quarterly results were negatively impacted by a pause in customer orders due to tariff uncertainties, leading to a shutdown in production for the Forged and Cast Engineered Products group. The UK cash roll facility continues to experience significant losses, necessitating a wind down of operations. The Forged Cast Engineered Products segment reported a decrease in plant utilization and lower revenue and margin from forged work rolls, negatively affecting earnings. The company recorded $6.8 million in expenses related to the UK exit charge, impacting the financial results for the quarter. Net loss attributable to Ampco-Pittsburgh Corp (NYSE:AP) for the quarter was $7.3 million, or $0.36 per share, including the UK exit charge. Q: Can you provide more color on the roll market and any potential pent-up demand? Are you seeing actual orders or promises of orders for later in the year? Is this happening in both the US and Europe? A: The second half of the year will see lighter shipments due to fewer working days and holidays. We have seen a slight uptick in order activity from some large customers. The uncertainty around tariffs has been resolved, with a 15% tariff now set, which should stabilize the market. The demand slowdown was primarily in Europe to the US and US to US shipments. We expect things to normalize now that tariff rates are known. Q: Could the lack of demand in the US lead to increased ordering activity in the second half of 2025? Do US customers still have high inventory levels? A: Due to lead times, any new orders would be delivered in November or December. We have seen a slight uptick in orders, but it varies by customer. Some have high inventory and can wait, while others need to order sooner. It's quite variable. Q: Can you provide more details on the closure of the UK facility and its timing? Will the $5 million operating income improvement occur in 2026? A: The longest potential endpoint for the UK facility closure is Q1 of 2026, but we aim to complete it by Q4 2025. Major cost reductions will occur as casting stops, and we will continue to ship products and receive customer payments, improving cash flow. Q: Do you own the UK plant, and what are the potential proceeds from its sale? A: We do own the plant, and its sale is being evaluated. It's in a desirable area, but costs for demolition and redevelopment need consideration. There is potential interest from the government and private buyers, but we are not counting on any specific proceeds yet. Q: How will closing the UK operations impact revenues? A: The closure will reduce revenues by approximately $25 million to $30 million, with some offset from converting rolls to forged rolls, resulting in a net impact of around $20 million to $25 million. We are also shifting some production to our Sweden plant, which will help mitigate the impact. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.

Recorded expenses of $6.8 million during 2Q 2025 for severance, accelerated depreciation and other costs to exit U.K. cast roll operations Company expects at least $5 million per year operating income improvement post-U.K. exit Adjusted EBITDA of $8.0 million in Q2 2025 and $16.8 million year-to-date June 2025 Tariff volatility impacted roll demand, order intake and production in Q2 CARNEGIE, Pa., August 12, 2025--(BUSINESS WIRE)--Ampco-Pittsburgh Corporation (NYSE: AP) reported net sales of $113.1 million and $217.4 million for the three and six months ended June 30, 2025, compared to $111.0 million and $221.2 million for the three and six months ended June 30, 2024. Higher sales of forged engineered products and favorable foreign exchange translation offset weaker mill roll sales. Air and Liquid Processing sales were in line with prior year levels. The Corporation reported a loss from operations of $3.1 million for the three months ended June 30, 2025, which included $6.8 million in severance, accelerated depreciation and other costs to exit its U.K. cast roll operations, in anticipation of approval of the exit plan by the UES-UK subsidiary board. Income from operations for the six months ended June 30, 2025 was $0.8 million compared to $5.1 million for the six months ended June 30, 2024, with the U.K. exit costs being the primary change. Adjusted EBITDA of $8.0 million for the three months ended June 30, 2025 declined by $2.1 million from the three months ended June 30, 2024 due to lower margins for the Forged and Cast Engineered Products ("FCEP") segment offset by improved profitability for the Air and Liquid Processing ("ALP") segment. Margins for the FCEP segment were adversely affected by higher manufacturing costs relative to base pricing and variable-index surcharges passed through to customers during the quarter, a weaker sales mix and lower manufacturing cost absorption. Profitability improved for the ALP segment primarily due to a better sales mix. Adjusted EBITDA of $16.8 million for the six months ended June 30, 2025 improved by $1.6 million primarily due to improved profitability for the ALP segment. Commenting on the quarter, Ampco-Pittsburgh’s CEO, Brett McBrayer, said, "After a positive Q1, the volatility from the U.S. tariff actions began to impact our results and our order book in Q2. Backlog in the Forged and Cast Engineered Products segment at June 30, 2025 declined 9% from March 31, 2025 as roll customers began a pause of orders to await less uncertainty surrounding tariffs. In response, we reduced roll production. The decision to exit our U.K. cast roll operations was difficult, but the plan is proceeding. Following the exit, we expect earnings to improve by at least $5 million per year. With less uncertainty on trade policy now with the recent E.U. deal, we expect an improved environment in 2026 after our U.K. exit." Interest expense of $2.8 million and $5.6 million for the three and six months ended June 30, 2025 is comparable to interest expense for the three and six months ended June 30, 2024. Other (expense) income – net for the three and six months ended June 30, 2025 declined when compared to other (expense) income for the three and six months ended June 30, 2024 primarily due to unfavorable foreign exchange movement. The income tax provision for the three and six months ended June 30, 2025 decreased when compared to the income tax provision for the three and six months ended June 30, 2024 driven by the benefit of a reduced statutory income tax rate for one of the Corporation's foreign tax-paying entities. Net loss approximated $7.3 million, or $0.36 per share, and $6.2 million, or $0.31 per share, for the three and six months ended June 30, 2025, respectively, and includes the $6.8 million charge, or $0.34 per share, for costs associated with exiting the U.K. cast roll operations and a benefit of approximately $0.7 million, or $0.04 per share, for employee-retention credits, representing refundable employer payroll taxes from the Internal Revenue Service for certain eligible businesses affected by the COVID-19 pandemic. This compares to net income of approximately $2.0 million, or $0.10 per share, and a net loss of $0.7 million, or $0.04 per share, for the three and six months ended June 30, 2024, respectively. Teleconference Access Ampco-Pittsburgh Corporation (NYSE: AP) will hold a conference call on Wednesday, August 13, 2025, at 10:30 a.m. Eastern Time (ET) to discuss its financial results for the second quarter ended June 30, 2025. The Corporation encourage participants to pre-register for the conference call using the following link. Callers who pre-register will be given a conference passcode and unique PIN to gain immediate access to the call and bypass the live operator. Participants may pre-register at any time, including up to and after the call start time. To pre-register, please go to https://dpregister.com/sreg/10200077/ff310508a6. Those without internet access or unable to pre-register may dial in by calling: Participant Dial-in (Toll Free): 1-844-308-3408 Participant International Dial-in: 1-412-317-5408 For those unable to listen to the live broadcast, a replay will become available on our website under the Investors menu at www.ampcopgh.com. About Ampco-Pittsburgh Corporation Ampco-Pittsburgh Corporation manufactures and sells highly engineered, high-performance specialty metal products and customized equipment utilized by industry throughout the world. Through its operating subsidiary, Union Electric Steel Corporation, it is a leading producer of forged and cast rolls for the global steel and aluminum industries. It also manufactures open-die forged products that are sold principally to customers in the steel distribution market, oil and gas industry, and the aluminum and plastic extrusion industries. The Corporation is also a producer of air and liquid processing equipment, primarily custom-engineered finned tube heat exchange coils, large custom air handling systems and centrifugal pumps. It operates manufacturing facilities in the United States, England, Sweden, and Slovenia and participates in three operating joint ventures located in China. It has sales offices in North America, Asia, Europe, and the Middle East. Corporate headquarters is located in Carnegie, Pennsylvania. FORWARD-LOOKING STATEMENTS The Private Securities Litigation Reform Act of 1995 (the "Act") provides a safe harbor for forward-looking statements made by us or on behalf of Ampco-Pittsburgh Corporation and its subsidiaries (collectively, "we," "us," "our," or the "Corporation"). This press release may include, but is not limited to, statements about operating performance, trends and events we expect or anticipate will occur in the future, statements about sales and production levels, timing of orders for our products, restructurings, the impact from pandemics and geopolitical conflicts, profitability and anticipated expenses, inflation, the global supply chain, tariffs and global trade, future proceeds from the exercise of outstanding warrants, and cash outflows. All statements in this document other than statements of historical fact are statements that are, or could be, deemed "forward-looking statements" within the meaning of the Act and words such as "may," "will," "intend," "believe," "expect," "anticipate," "estimate, "project," "target," "goal," "forecast" and other terms of similar meaning that indicate future events and trends are also generally intended to identify forward-looking statements. Forward-looking statements speak only as of the date on which such statements are made, are not guarantees of future performance or expectations, and involve risks and uncertainties. For us, these risks and uncertainties include, but are not limited to: inability to maintain adequate liquidity to meet our operating cash flow requirements, repay maturing debt and meet other financial obligations including severance costs associated with our anticipated exit from our operations in the U.K.; economic downturns, cyclical demand for our products and insufficient demand for our products; excess global capacity in the steel industry; inability to successfully restructure our operations, exit our U.K. operations, and/or invest in operations that will yield the best long-term value to our shareholders; liability of our subsidiaries for claims alleging personal injury from exposure to asbestos-containing components historically used in certain products of our subsidiaries; inability to obtain necessary capital or financing on satisfactory terms to acquire capital expenditures that may be necessary to support our growth strategy; inoperability of certain equipment on which we rely; increases in commodity prices or insufficient hedging against increases in commodity prices, reductions in electricity and natural gas supply or shortages of key production materials for us or our customers; inability to satisfy the continued listing requirements of the New York Stock Exchange; potential attacks on information technology infrastructure and other cyber-based business disruptions; fluctuations in the value of the U.S. dollar relative to other currencies; changes in the existing regulatory environment; consequences of pandemics and geopolitical conflicts; work stoppage or another industrial action on the part of any of our unions; failure to maintain an effective system of internal control; changes in the global economic environment, inflation, the ongoing impact of tariffs, elevated interest rates, recessions or prolonged periods of slow economic growth, and global instability and actual and threatened geopolitical conflict; and those discussed more fully elsewhere in Item 1A, Risk Factors, in Part I of the Corporation’s latest Annual Report on Form 10-K and Part II of the latest Quarterly Report on Form 10-Q. We cannot guarantee any future results, levels of activity, performance or achievements. In addition, there may be events in the future that we are not able to predict accurately or control which may cause actual results to differ materially from expectations expressed or implied by forward-looking statements. Except as required by applicable law, we assume no obligation, and disclaim any obligation, to update forward-looking statements whether as a result of new information, events or otherwise. NON-GAAP FINANCIAL MEASURES The Corporation presents non-GAAP adjusted EBITDA and non-GAAP adjusted income (loss) from operations. Non-GAAP adjusted EBITDA is calculated as net (loss) income excluding interest expense, other income - net, income tax provision, depreciation and amortization, and stock-based compensation along with significant charges or credits that are one-time charges or credits, unrelated to the Corporation’s ongoing results of operations, or beyond its control. Non-GAAP adjusted income (loss) from operations is calculated as income (loss) from operations excluding depreciation and amortization and stock-based compensation along with significant charges or credits that are one-time charges or credits, unrelated to the segment’s ongoing results of operations, or beyond its control. During the three and six months ended June 30, 2025, the non-GAAP financial measures were adjusted to exclude severance and other exit costs associated with our anticipated exit from operations in the U.K. and employee-retention credits received in the quarter. These non-GAAP financial measures are not based on any standardized methodology prescribed by accounting principles generally accepted in the United States of America ("GAAP"). Beginning in 2025, the Corporation began presenting non-GAAP adjusted EBITDA along with non-GAAP adjusted income (loss) from operations. These measures are key measures used by the Corporation's management and Board of Directors to understand and evaluate the operating performance of the Corporation and its segments. While these non-GAAP measures may not be directly comparable to similarly titled measures presented by other companies, the Corporation's management and Board of Directors believe these non-GAAP measures enhance comparability to companies in its stated industry peer group. The Corporation believes these non-GAAP financial measures help identify underlying trends in its business that otherwise could be masked by the effect of the items it excludes from adjusted EBITDA and adjusted income (loss) from operations. The Corporation also believes these non-GAAP financial measures provide useful information to management, shareholders and investors, and others in understanding and evaluating its operating results, enhancing the overall understanding of its past performance and future prospects and allowing for greater transparency with respect to key financial metrics used by the Corporation’s management in its financial and operational decision-making. In particular, the Corporation believes the exclusion of the severance and other exit costs and the employee-retention credits can provide a useful measure for period-to-period comparisons of the Corporation’s core business performance. Non-GAAP adjusted EBITDA and non-GAAP adjusted income (loss) from operations are not prepared in accordance with GAAP and should not be considered in isolation of, or as an alternative to, measures prepared in accordance with GAAP. There are limitations related to the use of non-GAAP adjusted EBITDA, rather than net (loss) income, or non-GAAP adjusted income (loss) from operations, rather than (loss) income from operations, which are the nearest GAAP equivalents. Among other things, there can be no assurance that additional expenses similar to the severance and other exit costs or additional benefits similar to the employee-retention credits will not occur in future periods. View source version on businesswire.com: https://www.businesswire.com/news/home/20250812286867/en/ Contacts Michael G. McAuley Senior Vice President, Chief Financial Officer and Treasurer (412) 429-2472 [email protected]

CARNEGIE, Pa., August 04, 2025--(BUSINESS WIRE)--Ampco-Pittsburgh Corporation (NYSE: AP) will hold a conference call on Wednesday, August 13, 2025, at 10:30 a.m. Eastern Time (ET) to discuss its financial results for the second quarter ended June 30, 2025. If you would like to participate in the conference call, please register using the link below or by dialing 1-844-308-3408 at least five minutes before the 10:30 a.m. ET start time. We encourage participants to pre-register for the conference call using the following link. Callers who pre-register will be given a conference passcode and unique PIN to gain immediate access to the call and bypass the live operator. Participants may pre-register at any time, including up to and after the call start time. To pre-register, please go to https://dpregister.com/sreg/10200077/ff310508a6. Those without internet access or unable to pre-register may dial in by calling: Participant Dial-in (Toll Free): 1-844-308-3408 Participant International Dial-in: 1-412-317-5408 For those unable to listen to the live broadcast, a replay will become available on our website under the Investors menu at www.ampcopgh.com. About Ampco-Pittsburgh Corporation Ampco-Pittsburgh Corporation manufactures and sells highly engineered, high-performance specialty metal products and customized equipment utilized by industry throughout the world. Through its operating subsidiary, Union Electric Steel Corporation, it is a leading producer of forged and cast rolls for the global steel and aluminum industries. It also manufactures open-die forged products that are sold principally to customers in the steel distribution market, oil and gas industry, and the aluminum and plastic extrusion industries. The Corporation is also a producer of air and liquid processing equipment, primarily custom-engineered finned tube heat exchange coils, large custom air handling systems and centrifugal pumps. It operates manufacturing facilities in the United States, England, Sweden, and Slovenia and participates in three operating joint ventures located in China. It has sales offices in North America, Asia, Europe, and the Middle East. Corporate headquarters is located in Carnegie, Pennsylvania. View source version on businesswire.com: https://www.businesswire.com/news/home/20250804195422/en/ Contacts Michael G. McAuley Senior Vice President, Chief Financial Officer and Treasurer (412) 429-2472 [email protected]