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Investor releaseQuarter not tagged2026-08-31FutureFuel Corp. Declares Fourth Quarter 2026 Cash Dividend
GlobeNewswire
FutureFuel Corp. Declares Fourth Quarter 2026 Cash Dividend
Batesville, Ark., Aug. 31, 2026 (GLOBE NEWSWIRE) -- FutureFuel Corp. (NYSE: FF) ("FutureFuel”), a manufacturer of custom and performance chemicals and biofuels, today announced that it has declared its fourth quarter 2026 cash dividend of U.S. $0.01 per share, payable to shareholders of record on December 4, 2026. The dividend will be paid on December 18, 2026. About FutureFuel FutureFuel is a leading manufacturer of diversified chemical products, specialty chemical products, and biofuel products. In its chemicals business, FutureFuel manufactures specialty chemicals for specific customers ("custom chemicals”), as well as multi-customer specialty chemicals ("performance chemicals”). FutureFuel's custom chemicals product portfolio includes proprietary intermediates for major chemical companies and chlorinated polyolefin adhesion promoters and antioxidant precursors for a major chemical company. FutureFuel’s performance chemicals product portfolio includes polymer (nylon) modifiers and several small-volume specialty chemicals for diverse applications. FutureFuel’s biofuels segment primarily produces and sells biodiesel. Please visit www.futurefuelcorporation.com for more information. Investor Relations Contact Noel Ryan or Paul BartolaiVallum [email protected] # # #
Investor releaseQuarter not tagged2026-08-11FutureFuel Q2 Earnings Call Highlights
MarketBeat
FutureFuel Q2 Earnings Call Highlights
Interested in FutureFuel Corp.? Here are five stocks we like better. FutureFuel returned to profitability in Q2 2026: Revenue surged 120.7% year over year to $78.7 million, while net income reached $11.4 million versus a $14.2 million loss a year earlier. Adjusted EBITDA improved to $11.8 million. Biofuels and chemicals both delivered significant gains. Biofuels benefited from higher volumes, pricing and favorable regulatory conditions, while chemicals revenue rose on stronger customer demand and improved capacity utilization. Management is investing for growth while maintaining financial flexibility. FutureFuel is pursuing customer-funded chemical expansion projects, expects $22 million from tax-credit monetization in the second half of 2026, and reaffirmed its outlook for positive full-year adjusted EBITDA. 3 Undervalued Small-Cap Stocks for Your Labor Day Watchlist FutureFuel (NYSE:FF) reported a return to profitability in the second quarter of 2026, as higher production volumes, improved pricing and more favorable biofuels market conditions lifted revenue and gross profit. The company also resumed quarterly investor calls for the first time in more than a decade, with management outlining plans to increase transparency and pursue growth in specialty chemicals and biodiesel. Total revenue rose 120.7% year over year to $78.7 million, from $35.7 million in the second quarter of 2025. Total volume increased 40.4%, while the company’s average blended price increased 80.2%, according to Chief Financial Officer Rose Sparks. → SoundHound AI Sends a Loud Signal After Its Q2 Earnings Beat FutureFuel recorded net income of $11.4 million, compared with a net loss of $14.2 million a year earlier. Adjusted EBITDA was $11.8 million, compared with an adjusted EBITDA loss of $11.4 million in the prior-year period. Total gross profit reached $15 million, reversing a gross loss of $12.4 million in the second quarter of 2025. The biofuels segment generated revenue of $52.9 million, up from $19.1 million a year earlier, and posted gross profit of $10.1 million, compared with a gross loss of $13.5 million in the prior-year quarter. Biofuels production increased 21% year over year despite a biodiesel plant outage lasting more than three weeks during the period. → 3 Dividend Champion Utilities for a Market That Can't Sit Still Sparks said the segment benefited from higher sales…Read full documentShow less
Interested in FutureFuel Corp.? Here are five stocks we like better. FutureFuel returned to profitability in Q2 2026: Revenue surged 120.7% year over year to $78.7 million, while net income reached $11.4 million versus a $14.2 million loss a year earlier. Adjusted EBITDA improved to $11.8 million. Biofuels and chemicals both delivered significant gains. Biofuels benefited from higher volumes, pricing and favorable regulatory conditions, while chemicals revenue rose on stronger customer demand and improved capacity utilization. Management is investing for growth while maintaining financial flexibility. FutureFuel is pursuing customer-funded chemical expansion projects, expects $22 million from tax-credit monetization in the second half of 2026, and reaffirmed its outlook for positive full-year adjusted EBITDA. 3 Undervalued Small-Cap Stocks for Your Labor Day Watchlist FutureFuel (NYSE:FF) reported a return to profitability in the second quarter of 2026, as higher production volumes, improved pricing and more favorable biofuels market conditions lifted revenue and gross profit. The company also resumed quarterly investor calls for the first time in more than a decade, with management outlining plans to increase transparency and pursue growth in specialty chemicals and biodiesel. Total revenue rose 120.7% year over year to $78.7 million, from $35.7 million in the second quarter of 2025. Total volume increased 40.4%, while the company’s average blended price increased 80.2%, according to Chief Financial Officer Rose Sparks. → SoundHound AI Sends a Loud Signal After Its Q2 Earnings Beat FutureFuel recorded net income of $11.4 million, compared with a net loss of $14.2 million a year earlier. Adjusted EBITDA was $11.8 million, compared with an adjusted EBITDA loss of $11.4 million in the prior-year period. Total gross profit reached $15 million, reversing a gross loss of $12.4 million in the second quarter of 2025. The biofuels segment generated revenue of $52.9 million, up from $19.1 million a year earlier, and posted gross profit of $10.1 million, compared with a gross loss of $13.5 million in the prior-year quarter. Biofuels production increased 21% year over year despite a biodiesel plant outage lasting more than three weeks during the period. → 3 Dividend Champion Utilities for a Market That Can't Sit Still Sparks said the segment benefited from higher sales volumes, stronger price realization and a more favorable regulatory environment, including increased renewable volume obligation levels and clarity surrounding the Clean Fuel Production Credit. Biofuels capacity utilization improved to 56% in the quarter, and management expects sales volumes to improve further during the second half of 2026. Second-quarter gross profit included a $9.1 million benefit from sales of physical inventory at prices above hedge levels. That benefit offset $9.1 million of realized derivative losses recognized in the first quarter. Results also included $3.2 million in unrealized derivative gains. → Is Wingstop's Growth Story Losing Steam? Management said soybean oil and other biofuel feedstock costs remain elevated and could continue to pressure gross profit per gallon in the near term. However, Chief Executive Officer Roeland Polet said the company does not currently see factors that would “dramatically disrupt” the margins being earned in biodiesel. He also said increased soybean crush capacity and large soybean harvests could eventually support lower input costs, though the company is not incorporating such an outcome into its projections. FutureFuel’s chemicals segment reported revenue of $25.8 million, up from $16.6 million in the year-earlier quarter. Custom chemical revenue rose 30% to $18.5 million, primarily on higher product volumes sold to energy customers. Performance chemical revenue increased to $7.3 million from $2.4 million, driven largely by volumes for a new customer that began production in the fourth quarter of 2025. Chemicals gross profit rose to $5 million from $1.1 million a year earlier. The company attributed the improvement to increased energy-market sales, new product revenue and improved fixed-cost absorption tied to higher biofuels volumes. Chemical production increased 34% year over year, while chemicals capacity utilization rose to 65% from 54%. Sparks said total chemical production capacity has increased 12% over the past 12 months, and management expects operating leverage to improve as production scales. Polet described FutureFuel’s Batesville, Arkansas, complex as the company’s principal competitive asset. The approximately 2,200-acre site combines laboratories, engineering, manufacturing units, wastewater treatment, logistics infrastructure and permitting capabilities. The chemicals operation has approximately 250 million pounds of annual production capacity, while the biodiesel operation has capacity of about 60 million gallons annually. Polet said FutureFuel’s strategic roadmap is centered on commercial growth, operational excellence and disciplined capital allocation. In chemicals, the company is pursuing additional volumes from existing accounts, conversion of development products into commercial production, new custom-manufacturing contracts and expansion of its proprietary product portfolio. The company’s custom chemicals model often involves customers funding or supporting dedicated production capacity at the Batesville site. Polet said these customer production projects can take roughly one and a half to two years from project initiation through engineering, construction and startup. Contracts typically begin at about three years and may extend to five or six years or longer, he said. During the call, management referenced an expansion supported by a customer investment of more than $40 million over the next two years. Polet said FutureFuel is doubling or tripling capacity in that expansion, while also maintaining a pipeline of other customer-product projects in engineering stages. Management said it has spent the past two years improving plant reliability, safety and utilization. Polet estimated the company is about 60% to 70% of the way through addressing the most important infrastructure needs at Batesville, with future investments expected to focus more on efficiency improvements. Cash flow from operations was $18.8 million during the second quarter, compared with $5.2 million in the prior-year period. Capital expenditures totaled $8 million, including $2.9 million for maintenance and $5.1 million for discretionary programs. As of June 30, FutureFuel held $34.3 million in cash and cash equivalents, up from $22.4 million at the end of the first quarter. The company also had a $35 million revolving credit facility with no borrowings outstanding. FutureFuel secured a four-year agreement during the quarter to monetize Section 45Z Clean Fuel Production and Small Producer Tax Credits. The company expects $22 million in gross proceeds from credit monetization during the second half of 2026, including approximately $3 million in the third quarter and $19 million in the fourth quarter. Sparks said monetization will occur annually as the company produces and sells qualifying products. Looking ahead, management reaffirmed that FutureFuel remains on track to deliver positive adjusted EBITDA for full-year 2026. Polet said potential variables include commodity costs, particularly soybean oil, and conditions in the oil-and-gas market, which affects demand for some of the company’s chemical products. FutureFuel Corporation (NYSE: FF) operates as a specialty chemicals and biofuels producer, combining industrial chemistry with renewable energy solutions. Through its wholly owned subsidiary, FutureFuel Chemical Company, it manufactures a diverse portfolio of chemical products that serve fiber and textile applications, agricultural markets, water treatment processes and industrial coatings. In parallel, the company produces biodiesel using vegetable oils and animal fats as feedstocks, supplying both wholesale fuel distributors and commercial users seeking lower-carbon fuel alternatives. The company's manufacturing hub is located in Decatur, Arkansas, on a site originally constructed as an ordnance plant during World War II. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. The article "FutureFuel Q2 Earnings Call Highlights" was originally published by MarketBeat. View MarketBeat's top stocks for August 2026.
Investor releaseQuarter not tagged2026-08-11FutureFuel Corp. Q2 2026 Earnings Call Summary
Moby
FutureFuel Corp. Q2 2026 Earnings Call Summary
Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here. Management is reintroducing the company to investors after a decade-long hiatus from quarterly calls, emphasizing a shift toward transparency and a return-centric capital allocation strategy. Performance improvement is driven by a three-pillar roadmap: commercial growth through high-value sales mix, operational excellence to improve plant reliability, and disciplined capital allocation. The Batesville complex serves as a primary competitive advantage due to its integrated scale, permitting headspace, and technical depth, positioning the company as a key domestic reshoring partner. Specialty Chemicals growth is being fueled by increased demand in energy and industrial end markets, alongside a strategic shift toward multi-year, sticky customer relationships averaging 15 to 20 years. Biofuels performance has pivoted to profitability following improved regulatory clarity from the EPA's RFS volume mandates and the US Treasury's 45Z credit guidance. Operational reliability has improved through high-impact capital projects, though management notes that raw material input costs, particularly soybean oil, remain at elevated levels. The business model increasingly relies on customer-funded capacity expansions, which reduces capital risk for FutureFuel while securing long-term production commitments. Management reaffirmed guidance for positive adjusted EBITDA for the full year 2026, supported by robust demand across both core segments. Biofuels production rates in the third quarter are expected to exceed second-quarter levels, incentivized by record-high renewable fuel blending mandates for 2026 and 2027. The company expects to receive $22 million in gross proceeds from the monetization of Section 45Z and small producer tax credits during the second half of 2024. Strategic growth in the Chemicals segment assumes a 1.5- to 2-year lead time for new customer production cells to move from engineering to commercial ramp-up. Future profitability assumes a eventual reversion to mean values for commodity inputs like soybean oil, which are currently viewed as near-term headwinds. Adopted the weighted average method of inventory costing effective January 1, 2026, which impacted prior-year financial comparisons. Second quarter re…Read full documentShow less
Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here. Management is reintroducing the company to investors after a decade-long hiatus from quarterly calls, emphasizing a shift toward transparency and a return-centric capital allocation strategy. Performance improvement is driven by a three-pillar roadmap: commercial growth through high-value sales mix, operational excellence to improve plant reliability, and disciplined capital allocation. The Batesville complex serves as a primary competitive advantage due to its integrated scale, permitting headspace, and technical depth, positioning the company as a key domestic reshoring partner. Specialty Chemicals growth is being fueled by increased demand in energy and industrial end markets, alongside a strategic shift toward multi-year, sticky customer relationships averaging 15 to 20 years. Biofuels performance has pivoted to profitability following improved regulatory clarity from the EPA's RFS volume mandates and the US Treasury's 45Z credit guidance. Operational reliability has improved through high-impact capital projects, though management notes that raw material input costs, particularly soybean oil, remain at elevated levels. The business model increasingly relies on customer-funded capacity expansions, which reduces capital risk for FutureFuel while securing long-term production commitments. Management reaffirmed guidance for positive adjusted EBITDA for the full year 2026, supported by robust demand across both core segments. Biofuels production rates in the third quarter are expected to exceed second-quarter levels, incentivized by record-high renewable fuel blending mandates for 2026 and 2027. The company expects to receive $22 million in gross proceeds from the monetization of Section 45Z and small producer tax credits during the second half of 2024. Strategic growth in the Chemicals segment assumes a 1.5- to 2-year lead time for new customer production cells to move from engineering to commercial ramp-up. Future profitability assumes a eventual reversion to mean values for commodity inputs like soybean oil, which are currently viewed as near-term headwinds. Adopted the weighted average method of inventory costing effective January 1, 2026, which impacted prior-year financial comparisons. Second quarter results included a $9.1 million benefit from physical inventory sales that offset realized derivative losses from the first quarter of 2024. A three-week unplanned biodiesel plant outage occurred during the second quarter, though it was offset by higher overall throughput and improved production economics. Management identified geopolitical sensitivity as a factor, noting that current oil and gas market dynamics are currently beneficial but remain a variable risk. One stock. Nvidia-level potential. 30M+ investors trust Moby to find it first. Get the pick. Tap here. Management estimates they are approximately 60% to 70% through the initial infrastructure improvement cycle for the Batesville site. The next phase of the operational roadmap will shift focus from basic infrastructure reliability to targeted investments in efficiency with specific payback requirements. The current agreement covers 2026 and 2025, with $3 million expected in Q3 and $19 million in December 2026. Management confirmed this is intended to be an annual monetization process as product is produced and sold through 2029. The site benefits from legacy Kodak-era permitting and infrastructure designed for photographic and pharmaceutical precursors that would be difficult to replicate today. Self-contained capabilities, including on-site R&D and chemical incineration, allow for high-barrier-to-entry custom manufacturing that competitors avoid. A major customer is funding a $40 million investment over three years to double or triple specific production capacity. The pipeline for similar 'production cell' projects is healthy, though management cautioned that these involve long lead times of 18 to 24 months before contributing to revenue.
TranscriptFY2026 Q22026-08-11FY2026 Q2 earnings call transcript
Earnings source - 68 paragraphs
FY2026 Q2 earnings call transcript
Welcome to the FutureFuel second quarter results conference call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow a formal presentation. If anyone should require operator assistance, please press star zero on your telephone keypad. As a reminder, this conference is being recorded. It is now my pleasure to introduce Rose Sparks, Chief Financial Officer. Please go ahead.
Thank you. Good morning and welcome to the FutureFuel second quarter 2026 results conference call. Leading the call today are our Chairman and CEO, Roeland Polet, and I am Rose Sparks, the company's Chief Financial Officer. After the close of U.S. trading yesterday, we issued a press release detailing our second quarter operational and financial results. This release is publicly available in the investor relations section of our corporate website at www.futurefuelcorporation.com. I would like to remind you that management's commentary and responses to questions on today's conference call may include forward-looking statements, which, by their nature, are uncertain and outside the company's control. Although these forward-looking statements are based on management's current expectations and beliefs, actual results could differ materially.
For a discussion of some of the factors that could cause actual results to differ, please refer to the Risk Factors section of our latest reports filed with the SEC.
Additionally, please note that you can find reconciliations of all historical non-GAAP financial measures mentioned on this call in the press release issued this morning. Today's call will begin with prepared remarks from Roeland Polet, who will provide a business update, followed by my review of our second quarter financial performance. At the conclusion of these prepared remarks, we will open the line for questions. With that, I will turn the call over to Roeland.
Thank you, Rose, and good morning, everyone. Thank you for joining our call today. Again, I am Roeland Polet, Chairman and Chief Executive Officer of FutureFuel. I joined the company nearly two years ago, following more than 35 years in the specialty chemicals industry, including senior leadership roles at global manufacturing companies such as Valspar, Celanese, and DHM Furmanesh. Since joining FutureFuel in late 2024, I have had the privilege of working alongside more than 500 dedicated employees to position the business for a new chapter of profitable growth and long-term value creation. Over that period, we have strengthened the foundation of the company, sharpened our strategic priorities, and developed a clear roadmap for the future, which I will be discussing in greater detail today. This is FutureFuel's first quarterly results conference call with investors in more than a decade.
With that in mind, my remarks today will serve as a reintroduction of the company, who we are, what we do, how we are competitively differentiated, and the opportunities we see to create meaningful shareholder value over time. Going forward, our leadership team is committed to providing shareholders with greater access, transparency, and insight into our business. The resumption of quarterly investor conference calls is an important step in that commitment and reflects our intention to engage more consistently with the investment community. With that introduction, and given that this is our first conference call together, let's begin with a high-level overview of our business for those less acquainted with us. FutureFuel is a 100% U.S.-based manufacturer operating through two distinct businesses, specialty chemicals and biofuels.
Both are supported by our approximately 2,200-acre manufacturing complex in Batesville, Arkansas, where we combine product development, engineering, and commercial production on one integrated campus. The Batesville site has supported complex chemical manufacturing for approximately 50 years and represents an established operating platform that would be difficult to replicate were it built today, given factors of scale, permitting, and production unit complexity. Our chemicals business has two primary areas of focus, custom chemicals manufacturing for third parties together with proprietary specialty chemicals manufacturing. In custom manufacturing, we work closely with customers to develop, scale, and commercially produce specialized products under long-term production agreements. Our proprietary portfolio involves the production of our formulations using our own IP, which are then sold into a variety of different applications. The total production capacity of our chemicals operations is approximately 250 million pounds annually.
Our biofuels business manufactures biodiesel from the same Batesville complex, which has approximately 60 million gallons of annual biodiesel production capacity. The business benefits from significant feedstock optionality, which allows us to optimize production economics. While biodiesel economics differ from those of our specialty chemicals segments and are more influenced by commodity and regulatory conditions, the biofuels segment serves as a complementary business to our core specialty chemicals focus, serving to further optimize the Batesville complex while facilitating economies of scale. Next, let's walk through our unique value proposition and why we win in the markets we serve. Our primary competitive advantage is the scale, integration, and technical depth of our Batesville complex. When a chemical customer comes to us, we provide them with one integrated site that includes state-of-the-art laboratories, engineering resources, flexible manufacturing units, wastewater treatment, logistic infrastructure, permits, and experienced technical teams.
Our platform allows customers to move from development to commercial production with fewer handoffs, lower execution risk, and more capital-efficient production options. We offer a one-stop-shop solution that is difficult to replicate within the continental United States, positioning us as an attractive reshoring play for chemicals customers who want to avoid supply chain risk associated with sourcing key formulations from overseas partners. While the integration of the Batesville asset is itself a major draw for customers, our deep technical expertise and experienced, skilled workforce are another integral piece of our overall value proposition. At Batesville, our teams manage production, raw material procurement, production quality, and formulation consistency across batch and continuous processes. We have built a strong reputation for being the go-to production partner on complex, technical, demanding programs that customers may not be able to manufacture efficiently themselves.
In regard to our value proposition, it centers on reducing technical, operational, and supply chain risk for the customer. A typical relationship begins with customer bringing us a molecule, process, or manufacturing challenge. We then evaluate the chemistry, safety requirements, production economics, and equipment needs, then work through development and scale-up before entering commercial production. As we demonstrate value, the relationship may expand through additional volumes, longer contracts, new products, or customer-funded capacity. Because changing manufacturers can require requalifications, audits, process transfer, and production risk, customer programs are often multi-year engagements, creating long-term stickiness within the customer base. To that end, the average relationship of our top customers in 2025 was more than 15-20 years, highlighting the long-term nature and stickiness of our customer relationships.
Before I walk us through what's next for FutureFuel, it is important to provide some perspective around the challenges we faced over the last several years, how we've responded to those challenges, and why we were excited about what comes next for the organization. In the years leading up to 2026, there were three primary factors that impacted our operational and financial performance: plant and production reliability, regulatory uncertainty around biofuels economics, and elevated raw material input costs. Beginning with plant reliability, over the past two years, we have made strides to improve the plant process, enhancing the site safety, and driving higher site utilization through executing on a number of high-impact capital projects. As I'll discuss shortly, we're encouraged by the improvement utilization of Batesville in the first half of the year.
Second, with respect to the regulatory environment, we, together with the broader biofuels industry, were granted much-needed relief with a new set of two RFS volume mandates issued by the EPA in March of 2026. Under the new mandates, the EPA established the highest blending mandates in the program's history, targeting a 60% increase over 2025. To meet the 2027 volume targets, existing U.S. domestic biofuels production levels are expected to reach peak capacity, which we expect will benefit us. Further, also during the first quarter of 2026, the U.S. Department of the Treasury and the Internal Revenue Service issued regulations providing expanded guidance on the 45Z credit, integrating changes from the Budget Reconciliation Act of 2025.
The rule is expected to help level the competitive environment for biodiesel by reducing the tax credit for SAF from $1.75 per gallon to $1 per gallon, effective January 1st, 2026, requiring that all feedstocks be sourced from North America, and requiring for biomass-based diesel, and extending the 45Z credit for additional two years through year-end 2029. Rose will speak more on how this benefits our business model shortly. Finally, while both plant reliability and regulatory environment have improved meaningfully for us, raw material input costs remain elevated, which remains an area of focus for us. Looking ahead, our value creation roadmap centers on three key pillars, including commercial growth, operational excellence, and a return-centric approach to capital allocation. Within our commercial growth pillar, our first priority is to increase penetration of key existing accounts, as well as scale production volumes across the Batesville complex.
We are focused on expanding the specialty chemicals pipeline, converting development products into commercial production, and securing additional volumes from existing customers. We will also pursue new custom manufacturing contracts and expand our proprietary chemicals portfolio into adjacent products and end markets, where our technical capabilities and our existing infrastructure provide a clear advantage. Our objective is not simply to add volume. We intend to pursue programs that accelerate our shift towards higher value add sales mix, whereby we capture ratable growth in margin realization within durable reoccurring revenue streams. By applying greater commercial discipline, we can concentrate our resources on the customers and opportunities which strongest potential to deliver profitable growth through this cycle. Within our operational excellence pillar, we will seek to improve cost efficiency, utilization, safety, reliability across the Batesville complex.
Higher sales volumes create value only when we can manufacture those volumes safely, consistently, and an appropriate unit cost. We are therefore focused on plant reliability, production scheduling, procurement, energy efficiency, maintenance practices, and process productivity. We also intend to make operating performance more measurable and transparent by tracking metrics such as capacity utilization, plant uptime, safety performance, and unit product costs. We can and will identify opportunities for improvement and hold our organization accountable for those improvement results. Finally, with respect to our capital allocation pillar, organic reinvestment will remain the top priority where products are supported by identifiable customer demand, including contractual commitments. Where appropriate, we will continue to seek customer-funded capacity expansions while strengthening long-term commercial relationships. We will also evaluate complementary acquisitions, particularly opportunities to add intellectual property, proprietary products, or specialized capabilities that can be integrated into our Batesville platform.
Any acquisition must strengthen our competitive position and meet disciplined financial return requirements. Beyond reinvestment and acquisitions, we will continue to evaluate cash dividends and optimistic share repurchases as part of a balanced approach to returning capital to shareholders. Taken together, each of the pillars of our strategic roadmap are designed to drive higher sales volumes, more efficient operations, and stronger returns on invested capital. By growing selectively, operating more efficiently, and allocating capital with discipline, we intend to produce more consistent earnings, cash generation, and long-term shareholder value. Turning now to a review of our second quarter results. The second quarter marked a return to profitable growth for FutureFuel, a performance driven by strengthening end market demand, improved production economics, continued cost discipline, and enhanced optimization of our Batesville plants.
At a strategic level, we remain highly focused on driving safe, reliable operations across the organization while continuing to pursue customer co-investment in new capacity and capabilities as we seek to further accelerate growth within our core specialty chemical contract manufacturing markets. As before, we remain on pace to deliver positive adjusted EBITDA for the full year in 2026. At an operational level, total production increased 26% on a year-over-year basis in the second quarter, supported by broad-based demand growth across our specialty chemicals and biofuels end markets. Both segments generated positive gross profit per unit sold in the period and continue to exhibit strong operational momentum entering the second half of 2026. Total chemical segment production increased 34% year-over-year in the second quarter, as increased demand across the energy and industrial end markets drove broad-based strength in both performance and custom chemical manufacturing.
Chemicals gross profit was $5 million in the second quarter versus $1.1 million in the year-ago period, reflecting improved volume throughput and stronger margin realization. Biofuels segment production increased 21% year-over-year in the second quarter, despite the impact of a more than three-week biodiesel plant outage during the period, as improved regulatory clarity and mandated renewable fuel production targets for 2026 and 2027 incentivized domestic production. Biofuels gross profit was $10.1 million in the second quarter versus gross loss of $13.5 million in the year-ago period, reflecting improved plant reliability, higher throughputs, better production economics, including a timing benefit related to ongoing biofuels hedging activities. Our biodiesel production continues to ramp higher with third quarter production rates expected to exceed second quarter levels. Looking ahead, demand continues to remain robust across our Chemicals and Biofuels segment.
While elevated input costs may continue to represent a near-term headwind for our business, we believe that our 100% domestic production footprint, deep technical expertise within specialty chemical manufacturing, capital-light approach to growth, and long-term collaborations with world-class customer position our business for continued positive momentum. With that, I'd like to hand the call over to Rose for her prepared remarks.
Thank you, Roeland, and good morning again to all those joining us. Today, I will provide a high-level overview of our second quarter financial performance, including a discussion of our balance sheet and liquidity profile at quarter end. Please note that the prior year comparisons have been adjusted to conform to the weighted average method of inventory costing adopted by the company January 1st, 2026. Total revenue was $78.7 million in the second quarter of 2026, an increase of 120.7% compared to $35.7 million in the second quarter of 2025. The increase in revenue was driven by higher throughputs and improved revenue volume mix and higher average pricing in both the Chemical and Biofuel segments. Total volume growth was 40.4% during the second quarter of 2026, while average blended price increased by 80.2%.
Total gross profit was $15 million during the second quarter of 2026 versus a gross loss of $12.4 million during the second quarter of 2025. Second quarter gross profit benefited by $9.1 million related to the sale of physical inventory at prices above hedge levels, which fully offset realized derivative losses of $9.1 million recognized during the first quarter of 2026. Gross profit was benefited by unrealized derivative gains of $3.2 million during the second quarter of 2026. Excluding the derivative impacts, the year-over-year improvement in gross profit was driven by higher throughputs, improved price realization in both Chemicals and Biofuels segments. We reported net income of $11.4 million during the second quarter of 2026 versus a net loss of $14.2 million in the second quarter of 2025.
Adjusted EBITDA was $11.8 million during the second quarter of 2026 versus a loss of $11.4 million during the second quarter of 2025. Turning to the Chemical segment, Chemical segment revenue increased to $25.8 million during the second quarter of 2026 compared to $16.6 million in the second quarter of 2025. The increase was primarily driven by a 49% increase in volume product mix effects and a 6% benefit from higher average prices. Custom Chemical revenue increased to $18.5 million during the second quarter, up 30% from $14.3 million last year, primarily due to higher volumes of products sold to energy customers. Performance Chemical revenue of $7.3 million during the second quarter was up from $2.4 million last year, primarily due to increased volumes for a new customer that began production during the fourth quarter of 2025.
Chemical segment gross profit was $5 million during the second quarter of 2026, an improvement from $1.1 million in the second quarter of 2025. The improvement was driven by increased sales volumes in the energy market, including the new product revenue brought online in the fourth quarter of 2025, as well as increased fixed price absorption driven by the improved biofuel volumes. Market conditions within the Chemical segment continued to improve during the second quarter, as demonstrated by improved capacity utilization, higher pricing, and a growing pipeline of project activity. During the last 12 months, we have increased total chemical production capacity by 12% and expect to achieve continued improved operating leverage as production scales from current levels. Chemical segment capacity utilization improved to 65% during the second quarter of 2026, up from 54% in the prior year period.
Biofuels segment revenue increased to $52.9 million during the second quarter of 2026 compared to $19.1 million in the same period last year. The increase was primarily driven by increased regulatory clarity surrounding the Clean Fuel Production Credit and record high RVO levels. Biofuels segment gross profit for the second quarter of 2026 was $10.1 million compared to a gross loss of $13.5 million in the prior year period, reflecting meaningful improvement driven by higher sales volumes and stronger price realization. While we continue to benefit from significant feedstock optionality, elevated input costs have partially offset the favorable pricing environment for finished products. As previously disclosed, we recognized a $9 million hedging loss in the first quarter of 2026, and second quarter results reflect corresponding benefit of a similar magnitude as the underlying physical inventory was sold and those previously recognized hedging costs were recovered.
Market conditions within the Biofuels segment continued to improve during the second quarter of 2026 given a favorable regulatory environment. Biofuel capacity utilization improved to 56% during the second quarter, and sales volumes are expected to further improve during the second half of 2026 given improved regulatory clarity. Input costs for soybean oil and other raw materials used in the production of biofuels remain elevated, which is expected to have a continued near-term impact on biofuels growth, gross profit per gallon sold. Turning the discussion to cash flow, balance sheet, and liquidity, net cash flow from operations was $18.8 million in the second quarter of 2026, compared to $5.2 million in the prior year period. Capital expenditures were $8 million in the second quarter, including $2.9 million of maintenance-related expenditures and $5.1 million of discretionary programs.
In the first six months of 2026, capital expenditures were $13.4 million, including $4.1 million and $9.3 million related to maintenance and discretionary programs, respectively. Of the discretionary capital expenditures in the second quarter and the first six months of 2026, approximately $1.9 million and $3.5 million, respectively, were customer-funded investments related to capacity expansions and new customer programs. As of June 30, 2026, the company had total cash and cash equivalents of $34.3 million, up from $22.4 million at March 31, 2026, and a $35 million revolving credit facility with no outstanding borrowing.
The increase in total cash between the first quarter of 2026 and the second quarter of 2026 was related to the reported operating profit in the second quarter of 2026 and customer funding related to custom chemical contract, partially offset by increased working capital requirements related to new program activity and capital expenditures to support growth. During the second quarter, we secured a four-year agreement with a third party to monetize Section 45Z Clean Fuel Production and Small Producer Tax Credits, consistent with our continued focus on balance sheet optimization. During the second half of 2026, we expect to receive $22 million in gross proceeds from the monetization of credits, including approximately $3 million in the third quarter and $19 million in the fourth quarter. That concludes our prepared remarks. Operator, we are now ready for the question-and-answer portion of our call.
We'll now be conducting a question-and-answer session. If you would like to ask a question, please press star one on your telephone keypad. A confirmation tone will indicate your line is in the question queue. You may press star two if you'd like to remove your question from the queue. For participants using speaker equipment, it may be necessary to pick up your handset before pressing the star keys. One moment, please, while we poll for questions. Thank you. Our first question is from Jeff Grampp with Northland Capital Markets.
Hey, guys. Thanks for the time.
Yeah.
Roeland, I-
Thanks for being on the call, Jeff.
I was curious. Sure. I was curious to circle back on some of the comments you made about the improvements to plant performance and that being kind of a focus over the last couple of years for you guys. I am curious if you could kind of contextualize things, I do not know, from the innings in a baseball game standpoint maybe, or whatever analogy you would prefer. Where are we at in that kind of improvement cycle? Are we at where you guys want to be at today? Is there more optimization initiatives to go? Just any context there would be helpful.
Yeah. Very good. Yeah, Jeff. Now I am a soccer guy, so we are kind of at the first half in injury time, with the second half still need to be played. We have made significant improvements in the last Let me take a step back. You know, we have about $1 billion of invested replacement value assets here in Batesville. So we have a significant site with significant capabilities, significant infrastructure that support those capabilities. So we have chosen to invest in the infrastructure around our site, wastewater treatment, the chemical incineration, all the assets that we need, nitrogen, that we need to keep the plant running, the site running. And then our site contains a lot of manufacturing cells that are put here by our customers that need to be supported.
I think we're, I'm not a baseball guy, so I'm not sure about innings, but I'd say we're about 60% of the way, 60%-70% of the way there on really going after the most important infrastructure to make sure it's secure, to make sure it's dependable. Then our next step will be driving investment into efficiency. So we have a number of projects that we rank based on the payback that we can get on them, where we will deploy capital against those projects to gain further efficiencies, operational efficiencies in the plant.
Got it. Those are helpful details. And for my follow-up, with respect to 45Z monetization, I wanted to clarify, does that, the agreement that you guys discussed in the release, does that cover essentially all of your expected 45Z generation through 2029? Is there additional monetization to do? And any clarity, I guess, on the quantum of monetization throughout that contract period? Thanks.
Hi, Jeff. This is Rose. So yes, the amount that we have quoted is for 2026 and 2025. So there's approximately $3 million that we were able to cash in Q3, and then there will be an additional $19 million on a gross basis that we will cash in December of this year. So that's an annual monetization that will occur each year as we produce product and sell it.
Perfect. Thank you. I'll hop back in the queue.
Thanks, Jeff.
Our next question is from Jason Tilchen with Canaccord Genuity.
Good afternoon, everyone. Congrats on the strong results, and for hosting the first call in quite some time. It's an honor to participate. One thing I was curious about, you mentioned focused on some of these very niche, complex, dangerous chemistries that others maybe don't want to or can't produce on-site. Can you elaborate on some of those core competencies that allow you to take on these projects in, say, it's a compliant manner? What are some of the ways, either through pricing or long-term relationships, that you're able to extract value from those capabilities?
Yeah. Again, thank you very much for calling in. Our history dates back to, and not to take you back too far, but dates back to the Kodak days, and this plant made photographic chemicals, as well as was set up to make sort of precursors to the pharmaceutical industry. So it has a long history, and it was permitted to operate very complex chemistries and in certain instances, dangerous chemistries. This was also the site that all chemistries for later on Eastman and all chemistries were proven at this site and were tested at this site, to make sure that they can be run, and we have extensive facilities to do that, to be run in the Eastman plant and now in the FutureFuel plant. So it has a history that it's permitted to run complex, dangerous chemistries. There's a lot of permit head space.
The equipment that was installed, and then we have since then reinvested in a lot of this equipment, was installed to handle those complex chemistries. We are sitting on 2,200 acres in the middle of Arkansas, where we have the permit capability, and we have the capability to expand even further to drive it. It really goes back to our history, as a plant that was purpose-built to make complex chemistries. Then I will add one point to that. Because we are in the middle of Arkansas, we are very self-contained, so we have everything that we need here. We also have the R&D department, the testing department. We have everything that we need in order to support that production.
Great. That is very helpful overview. In the release, in the prepared remarks, you mentioned an agreement with one of your customers to fund an investment of more than $40 million over the next two years to support incremental capacity. Just wondering if you could maybe share a little bit more about how that relationship has evolved and if that is one of those 15, 20-year relationships or maybe it is a bit on the newer side. More broadly, are there other opportunities like this that you are currently evaluating? If so, do those have to sort of happen consecutively? Can there be multiple projects similar to this that you are pursuing at once? Any color would be greatly appreciated.
Yeah, those are great questions. Our business model, and we do biodiesel, and we run chemicals, right? In our chemicals division, we have some proprietary chemicals that we make for ourselves and we market, but the majority of our business is contract manufacturing. So where on our site, under our permitting, with the benefit of chemical incineration, with the benefit of oversized wastewater treatment and all that, our customers build plants. We call them plants, but they are really kind of small production cells, right, that they build on our site and take advantage of existing infrastructure that we have here, so that lowers capital costs for them, the complex and dangerous chemistry knowledge that we have. That is our business model. We made reference to an expansion that we are doing. We are doubling or tripling the capacity in that expansion.
But that is our business model with other customers. We have a long pipeline, a healthy pipeline of customer product combinations that we are now in engineering phases to execute building of plants on our site that we then will operate on behalf of those customers. That is exactly what our business model is in chemicals.
Okay, that makes a ton of sense. Just last one from me. You've guided to positive adjusted EBITDA in 2026. If you were to sort of fast-forward six, seven months, and you're talking about your full year results, are there one or two things, either on the upside or the downside, if results come in above or below expectations, that would be sort of the key things that you can sort of see now that would either drive that upside or that downside relative to expectations?
Yeah, of course, we're like any other company, right? We are not impervious to things that happen in the economy or shocks in the economy that will have an effect on us as well. We stick with our guidance towards profitable EBITDA year-end, having a profitable 2026. There'll be some lumps in between that we work our way through. If there's a shock in soybean oil that could have a negative effect. The reverse of that is all our inputs in the biodiesel business are commodities. They are at all-time high, so we would expect them to start reverting back to more of the mean values, and that should have a positive effect on our business. We are exposed to the oil and gas industry and the oil and gas complex, so the current geopolitical situation is somewhat beneficial to that.
If that continues longer, that should be beneficial. Should that go away and oil prices come back down dramatically, that could have some effect on our business, right? So that's kind of how to think about it.
Very, very helpful. Thanks a lot for your time, and congrats on the strong results.
Thank you.
Thank you.
Our next question is from Jeff Van Sinderen with B. Riley Securities.
Good morning, everyone. You mentioned sort of building out, I guess you would call them production cells for customers on the chemical business. Just wondering if you can give us more color on what you're seeing there. Has there been an increase in incoming requests to build out those cells? What does the time frame look like around those? How do you see that impacting revenue and profitability, say, over the next year or so for the chemical business?
I will tell you, there is something that is very positive about that business, something that could be frustrating about that business. The positive news is, once you build these out, it tends to stay on the site, and it does not leave. The frustrating part is there are lead times. There are one and a half to two-year lead times from starting the project to finishing the engineering, starting the build. We would have to modify part of our plants and build it and then start production. I would say you have to think about lead times around a year and a half to two years from the start of a project. We have projects that are currently in the pipeline, so not all projects that we are working on have that full two years.
Once commercialized, a lot of the capital is allocated by the customer to the projects. Or we will recover the capital over the life of a project. The life of a project, you have to think about, they usually start at about three years, three-year contracts, and they will often continue on to five to six years, if not longer. We have projects, products that we have been making here for 20 years under those kind of contracts. They take a little time to ramp up. There is an approval. They are critical processes. But once they are ramped up, they tend to stay here.
Okay, great. Then I guess if we can switch a little bit over to the gross margin outlook. Any more color or any sense you can give us on gross margin outlook for the rest of the year? Then overall, what sort of quarterly cadence do you anticipate for the remainder of the year, maybe versus Q2?
Quarterly cadence in terms of? Maybe you can clarify it a little bit.
Yeah, sure. Just trying to get a sense of, your metrics were really good here. I'm just wondering, do you think we're going to see sequential growth? Do you think we're going to see gross margins improve further? Just trying to get a sense of any metrics we can
Yeah.
Without asking you to give guidance, just any sense that, you know.
Maybe to give color, right? Biofuels, we are running at margins that are higher than what we had anticipated, yet our inputs remain highly elevated, right? When you see announcements like, I think it was ADM or Cargill bringing on more soybean crush capacity because there's a bit of a shortage in soybean oil, that's good news for us, right? That at some point needs to translate to lower unit costs or lower costs in soybean oil, right? Record harvests for soybeans that at some point will translate to lower input costs. The margin levels that we enjoy today, we don't see anything on the horizon that will dramatically disrupt that.
In biodiesel, the elements that drive that input cost in the biodiesel market would have you believe that there's going to be a reversion back to the mean in terms of the cost. There should be some upside, right? We don't have that in our numbers. We're not projecting that, but that's how we kind of think about it.
Okay, that's helpful. Thanks for taking my questions.
Yeah, you're welcome. Thanks for calling in.
Thank you. There are no further questions at this time. I would like to hand the floor back over to Roeland Polet for any closing comments.
Yeah. Thank you very much, everyone, for showing an interest in FutureFuel. We believe we have a great business here. We also believe that we need to be more transparent with our investor base, and we intend to do so through investor presentations and further calls. With that, we look forward to welcoming you back on our Q3 call later in the year. Thank you.
This concludes today's conference. You may disconnect your lines at this time. Thank you again for your participation.
Investor releaseQuarter not tagged2026-08-10FutureFuel Announces Second Quarter 2026 Results
GlobeNewswire
FutureFuel Announces Second Quarter 2026 Results
BATESVILLE, Ark., Aug. 10, 2026 (GLOBE NEWSWIRE) -- FutureFuel Corp. (NYSE: FF) (“FutureFuel” or the “Company”), a manufacturer of custom and performance chemicals and biofuels, today announced financial results for the second quarter and six months ended June 30, 2026. SECOND QUARTER 2026 RESULTS(As compared to the Second Quarter 2025(1)) Total Revenues of $78.7 million, +120.6% Chemical revenue +55.5%; Biofuel revenue +177.5% GAAP Net Income of $11.4 million, or $0.25 per diluted share, +$25.6 million Adjusted EBITDA of $11.8 million, +$23.2 million(2) New customer wins within Chemicals segment to support improved asset optimization Improved regulatory clarity supports Biofuel production growth Anticipate positive Adjusted EBITDA in full-year 2026, excluding non-cash derivative timing differences related to changes in physical commodity prices(3) MANAGEMENT COMMENTARY “The second quarter marked a return to profitable growth for FutureFuel, a performance driven by strengthening end-market demand, improved production economics, continued cost discipline, and enhanced optimization of our Batesville plant,” stated Roeland Polet, Chairman and Chief Executive Officer of FutureFuel. “At a strategic level, we remain highly focused on driving safe, reliable operations across the organization, while continuing to pursue customer co-investments in new capacity and capabilities as we seek to further accelerate growth within our core specialty chemical contract manufacturing markets. As before, we remain on pace to deliver positive Adjusted EBITDA for the full-year 2026.” "During the second quarter, we delivered net income of $11.4 million, compared to a net loss of ($14.2) million in the prior year period," noted Polet. "While our second quarter results include a timing benefit related to ongoing biofuels hedging activity, our core business performed well in the period, delivering its strongest financial performance since the fourth quarter of 2024.” “At an operational level, total production increased 26% on a year-over-year basis in the second quarter, supported by broad-based demand growth across our specialty chemicals and biofuels end-markets,” continued Polet. “Both segments generated positive gross profit per unit sold in the period and continue to exhibit strong operational momentum entering the second half of 2026.” “Total chemicals segment production increa…Read full documentShow less
BATESVILLE, Ark., Aug. 10, 2026 (GLOBE NEWSWIRE) -- FutureFuel Corp. (NYSE: FF) (“FutureFuel” or the “Company”), a manufacturer of custom and performance chemicals and biofuels, today announced financial results for the second quarter and six months ended June 30, 2026. SECOND QUARTER 2026 RESULTS(As compared to the Second Quarter 2025(1)) Total Revenues of $78.7 million, +120.6% Chemical revenue +55.5%; Biofuel revenue +177.5% GAAP Net Income of $11.4 million, or $0.25 per diluted share, +$25.6 million Adjusted EBITDA of $11.8 million, +$23.2 million(2) New customer wins within Chemicals segment to support improved asset optimization Improved regulatory clarity supports Biofuel production growth Anticipate positive Adjusted EBITDA in full-year 2026, excluding non-cash derivative timing differences related to changes in physical commodity prices(3) MANAGEMENT COMMENTARY “The second quarter marked a return to profitable growth for FutureFuel, a performance driven by strengthening end-market demand, improved production economics, continued cost discipline, and enhanced optimization of our Batesville plant,” stated Roeland Polet, Chairman and Chief Executive Officer of FutureFuel. “At a strategic level, we remain highly focused on driving safe, reliable operations across the organization, while continuing to pursue customer co-investments in new capacity and capabilities as we seek to further accelerate growth within our core specialty chemical contract manufacturing markets. As before, we remain on pace to deliver positive Adjusted EBITDA for the full-year 2026.” "During the second quarter, we delivered net income of $11.4 million, compared to a net loss of ($14.2) million in the prior year period," noted Polet. "While our second quarter results include a timing benefit related to ongoing biofuels hedging activity, our core business performed well in the period, delivering its strongest financial performance since the fourth quarter of 2024.” “At an operational level, total production increased 26% on a year-over-year basis in the second quarter, supported by broad-based demand growth across our specialty chemicals and biofuels end-markets,” continued Polet. “Both segments generated positive gross profit per unit sold in the period and continue to exhibit strong operational momentum entering the second half of 2026.” “Total chemicals segment production increased 34% year-over-year in the second quarter, as increased demand across key energy and industrial end-markets drove broad-based strength in both performance and custom chemicals manufacturing,” stated Polet. “Chemicals gross profit was $5.0 million in the second quarter, versus $1.1(3) million in the year-ago period, reflecting improved volume throughput and stronger margin realization." "Biofuels segment production increased 21% year-over-year in the second quarter, despite the impact of a more than three-week biodiesel plant outage during the period, as improved regulatory clarity and mandated renewable fuel production targets for 2026 and 2027 incentivize domestic production,” noted Polet. “Biofuels gross profit was $10.1 million in the second quarter, versus a gross loss of ($13.5) million in the year-ago period, reflecting improved plant reliability, higher throughputs, and better production economics. Our Biodiesel production continues to ramp higher, with third quarter production rates expected to exceed second quarter levels.” “We delivered $18.8 million in cash flow from operations during the second quarter which, including customer funding for a custom chemical contract, contributed to a sequential growth in liquidity exiting the second quarter,” stated Rose Sparks, Chief Financial Officer. “Second quarter Adjusted EBITDA increased to $11.8 million, an increase of more than $23 million versus the prior year, which supported improved free cash flow conversion in the period.” “During the second quarter, we secured a four-year agreement with a third-party to monetize Section 45Z Clean Fuel Production and Small Producer Tax Credits, consistent with our continued focus on balance sheet optimization,” continued Sparks. “During the second half of 2026, we expect to receive $22 million in gross proceeds from the monetization of credits, including approximately $3 million in the third quarter and $19 million in the fourth quarter. At the end of the second quarter, we had total cash of $34.4 million, versus $22.4 million at the end of the first quarter of 2026, and no outstanding borrowings on our line of credit.” “Looking ahead, demand conditions remain robust across both our chemicals and biofuels segments. While elevated input costs may continue to represent a near-term headwind for our business, we believe that our 100% domestic production footprint, deep technical expertise within specialty chemicals manufacturing, capital-lite approach to growth, and long-term collaborations with world-class customers position our business for continued, positive momentum,” concluded Polet. SECOND QUARTER 2026 FINANCIAL PERFORMANCE Consolidated Results Total Revenue was $78.7 million in the second quarter of 2026, an increase of 120.7% compared to $35.7 million in the second quarter of 2025. The increase in revenue was driven by higher throughputs, an improved revenue mix, and higher average pricing in both the Chemical and Biofuel segments. Total volume growth was 40.4% during the second quarter of 2026, while average blended price increased by 80.2%. Total gross profit was $15.0 million during the second quarter of 2026 versus a gross loss of ($12.4) million during the second quarter of 2025. Second quarter gross profit benefitted by $9.1 million related to the sale of physical inventory at prices above hedged levels, which fully offset realized derivative losses of ($9.1) million recognized during the first quarter of 2026. Gross profit was benefited by unrealized derivative gains of $3.2 million during the second quarter of 2026. Excluding the derivative impacts, the year-over-year improvement in gross profit was driven by higher throughputs and improved price realization in both the Chemicals and Biofuel segments. The Company reported net income of $11.4 million during the second quarter of 2026, versus a net loss of ($14.2) million in the second quarter of 2025. Adjusted EBITDA was $11.8 million during the second quarter of 2026 versus ($11.4) million during the second quarter of 2025. Chemicals Segment The Chemicals segment is a leading manufacturer of custom and performance specialty chemicals, providing highly engineered manufacturing solutions to a diversified portfolio of customers across industrial and specialty end markets. Supported by deep technical expertise, integrated manufacturing capabilities, and a culture of operational excellence, the segment is focused on delivering high-value solutions while expanding its portfolio of specialty chemical products. Revenue increased to $25.8 million during the second quarter of 2026, an increase of 55.5% compared to $16.6 million in the second quarter of 2025. The increase was primarily driven by a 49% increase in volume/product mix effects and a 6% benefit from higher average prices. Custom Chemical revenue increased to $18.5 million during the second quarter, up 30% from $14.3 million last year primarily due to higher volumes of products sold to energy customers. Performance Chemical revenue of $7.3 million during the second quarter was up from $2.4 million last year, an increase of 209%, primarily due to increased volumes for a new customer that began production during the fourth quarter of 2025. Gross profit was $5.0 million during the second quarter of 2026, an improvement from $3.8 million in the second quarter of 2025. The improvement was driven by increased sales volumes in the energy market including the new product revenue brought online in the fourth quarter of 2025, as well as increased fixed price absorption driven by the improved biofuel volumes. Market conditions within the Chemicals segment continued to improve during the second quarter, as demonstrated by improved capacity utilization, higher pricing, and a growing pipeline of project activity. During the last twelve months, the Company has increased total Chemicals production capacity by 12% and expects to achieve continued improved operating leverage as production scales from current levels. Chemicals segment capacity utilization improved to 65% during the second quarter of 2026, up from 54% in the prior year period. Biofuels SegmentThe Biofuels segment manufactures and markets biodiesel and related co-products through a flexible, integrated production platform capable of processing a broad range of renewable feedstocks. Supported by strategically located storage, logistics, and distribution assets, the segment efficiently serves customers across North American renewable fuel markets. Revenue increased 178% to $52.9 million during the second quarter of 2026, compared to $19.1 million in the same period last year. The increase was primarily driven by increased regulatory clarity surrounding the Clean Fuel Production Credit and record-high renewable volume obligation (“RVO”) levels. Gross profit for the second quarter of 2026 was $10.1 million, compared to a gross loss of ($13.5) million in the prior year period, reflecting meaningful improvement driven by higher sales volumes and stronger pricing realization. While the Company continues to benefit from significant feedstock optionality, elevated input costs have partially offset the favorable pricing environment for finished products. As previously disclosed, the Company recognized a ($9.1) million hedging loss in the first quarter of 2026, and second quarter results reflect a corresponding benefit of a similar magnitude as the underlying physical inventory was sold and those previously recognized hedging costs were recovered. Market conditions within the Biofuels segment continued to improve during the second quarter of 2026 given a more favorable regulatory environment. Biofuels capacity utilization improved to 56% during the second quarter, and sales volumes are expected to further improve during the second half of 2026 given improved regulatory clarity. Input costs for soybean oil and other raw materials used in the production of biofuels remain elevated, which is expected to have a continued, near-term impact on Biofuels gross profit per gallon sold. FINANCIAL RESOURCES AND LIQUIDITY As of June 30, 2026, the Company had total cash and equivalents of $34.3 million, up from $22.4 million at March 31, 2026, and a $35 million revolving credit facility with no outstanding borrowings. The increase in total cash between the first quarter of 2026 and the second quarter of 2026 was related to the reported operating profit in the second quarter of 2026 and customer funding related to a custom chemical contract, partially offset by increased working capital requirements related to new program activity and capital expenditures to support growth. Net cash flow from operations was $18.8 million in the second quarter of 2026, compared to $5.2 million in the prior-year period. Capital expenditures were $8.0 million in the second quarter, including $2.9 million and $5.1 million related to maintenance and discretionary programs, respectively. In the first six months of 2026, capital expenditures were $13.4, including $4.1 million and $9.3 million related to maintenance and discretionary programs, respectively. Approximately $1.9 million and $3.5 million of the discretionary capital expenditures in the second quarter and first six months of 2026, respectively, were customer-funded investments related to capacity expansions and new customer programs. BUSINESS HIGHLIGHTS FutureFuel is focused on a multi-faceted strategy to drive long-term value creation, anchored by profitable organic and inorganic growth across its core Chemicals and Biofuels segments, enhanced operational discipline in areas such as plant optimization, procurement, and automation, and a returns-focused capital allocation framework that balances reinvestment in the business with shareholder returns, including share repurchases under its existing authorization and a quarterly cash dividend. In the second quarter of 2026, the Company advanced this strategy through the following key actions outlined below. Strengthening demand, new program wins support improved Chemicals segment utilization. Chemicals segment plant utilization, as defined by production divided by nameplate capacity, increased to 65% in the second quarter of 2026, versus 54% in the prior-year period, despite a 12% increase in total available capacity. New customer program wins, and growth in existing customer activity, particularly from energy-related customers, contributed to improved production throughputs in the second quarter of 2026. Customer-funded capacity additions to Chemical segment support long-term client engagement. FutureFuel has entered into a definitive agreement with an existing chemicals customer under which the customer has committed to invest $25 million in the Batesville facility in 2026 and up to $17 million in 2027 to support incremental production capacity that is expected to come online in early fiscal 2028. Continued investment in large capital projects by both new and existing customers reflects the strength of the Batesville site's value proposition. The site's established infrastructure, advantageous cost structure, and integrated on-demand services provide a compelling and differentiated offering for customers seeking dedicated, U.S. based chemical production capacity. Improved regulatory climate support increased utilization within Biofuels segment. The Biofuel segment produced 8.4 million gallons during the second quarter of 2026, up from 2.0 million gallons during the first quarter of 2026. Based on the improved regulatory clarity and the significant increase in the RVOs mandated by the U.S. Environmental Protection Agency, the Company expects Biofuels segment plant utilization to increase during the second half of 2026, up from 56% in the second quarter 2026. FINANCIAL OUTLOOK The following forward-looking guidance reflects the Company’s current expectations and beliefs as of May 11, 2026, and is subject to change. The following statements apply only as of the date of this press release and are expressly qualified in their entirety by the cautionary statements included elsewhere herein. FutureFuel currently anticipates that favorable demand trends within its core Chemicals segment, together with an improved regulatory climate for its Biofuels segment, position the business to deliver positive Adjusted EBITDA(2) in the full-year 2026, excluding unrealized gains and losses on derivative instruments and inventory valuation adjustments. The Company believes that it remains well-positioned to benefit from reshoring trends, supported by its vertically integrated domestic platform, as customers seek to localize production and mitigate supply chain risk. CONFERENCE CALL AND WEBCAST A conference call will be held on Tuesday, August 11, 2026, at 12:00 p.m. ET to review the Company’s financial results, discuss recent events and conduct a question-and-answer session. A webcast of the conference call will be available in the Investor Relations section of the Company’s website at https://futurefuelcorporation.com/. Individuals can also participate by teleconference dial-in. To listen to a live broadcast, go to the site at least 15 minutes prior to the scheduled start time in order to register, download and install any necessary audio software. To participate in the live teleconference: To listen to a replay of the teleconference, which subsequently will be available through August 25, 2026: ABOUT FUTUREFUEL FutureFuel is a leading manufacturer of diversified chemical products and biofuels. FutureFuel's chemicals segment manufactures specialty chemicals for specific customers ("custom chemicals") as well as multi-customer specialty chemicals ("performance chemicals"). FutureFuel's custom manufacturing product portfolio includes proprietary agrochemicals, adhesion promoters, a biocide intermediate, and an antioxidant precursor. FutureFuel's performance chemicals products include a portfolio of proprietary nylon and polyester polymer modifiers and several small-volume specialty chemicals and solvents for diverse applications. FutureFuel's biofuels segment primarily produces and sells biodiesel to its customers. Please visit www.futurefuelcorporation.com for more information. FORWARD-LOOKING STATEMENTS This document contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements deal with FutureFuel's current plans, intentions, beliefs, and expectations, and statements of future economic performance. Statements containing such terms as "believe," "do not believe," "plan," "expect," "intend," "estimate," "anticipate," and other phrases of similar meaning are considered to contain uncertainty and are forward-looking statements. In addition, from time-to-time FutureFuel or its representatives have made or will make forward-looking statements orally or in writing. Furthermore, such forward-looking statements may be included in various filings that the company makes with United States Securities and Exchange Commission (the "SEC"), in press releases, or in oral statements made by or with the approval of one of FutureFuel's authorized executive officers. These forward-looking statements are subject to certain known and unknown risks and uncertainties, as well as assumptions that could cause actual results to differ materially from those reflected in these forward-looking statements. Factors that might cause actual results to differ include, but are not limited to, those set forth under the headings "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in FutureFuel's Form 10-K Annual Report for the year ended December 31, 2025, and in its future filings made with the SEC. An investor should not place undue reliance on any forward-looking statements contained in this document, which reflect FutureFuel management's opinions only as of their respective dates. Except as required by law, the company undertakes no obligation to revise or publicly release the results of any revisions to forward-looking statements. The risks and uncertainties described in this document and in current and future filings with the SEC are not the only ones faced by FutureFuel. New factors emerge from time to time, and it is not possible for the company to predict which will arise. There may be additional risks not presently known to the company or that the company currently believes are immaterial to its business. In addition, FutureFuel cannot assess the impact of each factor on its business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. If any such risks occur, FutureFuel's business, operating results, liquidity, and financial condition could be materially affected in an adverse manner. An investor should consult any additional disclosures FutureFuel has made or will make in its reports to the SEC on Forms 10-K, 10-Q, and 8-K, and any amendments thereto. All subsequent written and oral forward-looking statements attributable to FutureFuel or persons acting on its behalf are expressly qualified in their entirety by the cautionary statements contained in this document. NON-GAAP FINANCIAL MEASURES In this press release, FutureFuel used adjusted EBITDA as a key operating metric to measure both performance and liquidity. Adjusted EBITDA is a non-GAAP financial measure. Adjusted EBITDA is not a substitute for operating income, net income, or cash flow from operating activities (each as determined in accordance with GAAP), as a measure of performance or liquidity. Adjusted EBITDA has limitations as an analytical tool and should not be considered in isolation or as a substitute for analysis of results as reported under GAAP. FutureFuel defines adjusted EBITDA as net income before interest, income taxes, depreciation, and amortization expenses, excluding, when applicable, non-cash share-based compensation expense, public offering expenses, acquisition-related transaction costs, purchase accounting adjustments, loss on disposal of property and equipment, non-cash gains or losses on derivative instruments, and other non-operating income or expense. Information relating to adjusted EBITDA is provided so that investors have the same data that management employs in assessing the overall operation and liquidity of FutureFuel's business. FutureFuel's calculation of adjusted EBITDA may be different from similarly titled measures used by other companies; therefore, the results of its calculation are not necessarily comparable to the results of other companies. Adjusted EBITDA allows FutureFuel's chief operating decision makers to assess the performance and liquidity of FutureFuel's business on a consolidated basis to assess the ability of its operating segments to produce operating cash flow to fund working capital needs, to fund capital expenditures, and to pay dividends. In particular, FutureFuel management believes that adjusted EBITDA permits a comparative assessment of FutureFuel's operating performance and liquidity, relative to a performance and liquidity based on GAAP results, while isolating the effects of depreciation and amortization, which may vary among its operating segments without any correlation to their underlying operating performance, and of non-cash stock-based compensation expense, which is a non-cash expense that varies widely among similar companies, and non-cash gains and losses on derivative instruments, whose immediate recognition can cause net income to be volatile from quarter to quarter due to the timing of the valuation change in the derivative instruments relative to the sale of biofuel. A table included in this earnings release reconciles adjusted EBITDA with net income, the most directly comparable GAAP performance financial measure, and a table reconciles adjusted EBITDA with cash flows from operations, the most directly comparable GAAP liquidity financial measure. INVESTOR RELATIONS CONTACT Noel Ryan or Paul [email protected]
Investor releaseQuarter not tagged2026-08-10FutureFuel: Q2 Earnings Snapshot
Associated Press
FutureFuel: Q2 Earnings Snapshot
BATESVILLE, Ark. (AP) — BATESVILLE, Ark. (AP) — FutureFuel Corp. (FF) on Monday reported net income of $11.4 million in its second quarter. On a per-share basis, the Batesville, Arkansas-based company said it had net income of 25 cents. The biofuel and specialty chemical maker posted revenue of $78.7 million in the period. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FF at https://www.zacks.com/ap/FF
Investor releaseQuarter not tagged2026-07-28FUTUREFUEL ANNOUNCES SECOND QUARTER 2026 RESULTS CONFERENCE CALL AND WEBCAST DATE
GlobeNewswire
FUTUREFUEL ANNOUNCES SECOND QUARTER 2026 RESULTS CONFERENCE CALL AND WEBCAST DATE
BATESVILLE, Ark., July 28, 2026 (GLOBE NEWSWIRE) -- FutureFuel Corp. (NYSE: FF) ("FutureFuel" or the “Company”), a manufacturer of custom and performance chemicals and biofuels, today announced that it will release second quarter 2026 results after the U.S. market closes on Monday, August 10, 2026. A conference call will be held the following day on Tuesday, August 11, 2026, at 12:00 p.m. ET to review the Company’s financial results, discuss recent events and conduct a question-and-answer session. A webcast of the conference call will be available in the Investor Relations section of the Company’s website at https://futurefuelcorporation.com/. Individuals can also participate by teleconference dial-in. To listen to a live broadcast, go to the site at least 15 minutes prior to the scheduled start time in order to register, download and install any necessary audio software. To participate in the live teleconference: Domestic Live: 1-877-704-4453 International Live: 1-201-389-0920 To listen to a replay of the teleconference, which subsequently will be available through August 25, 2026: Domestic Replay: 1-844-512-2921International Replay: 1-412-317-6671Conference ID: 13761746 ABOUT FUTUREFUEL FutureFuel is a leading manufacturer of diversified chemical products and biofuels. FutureFuel's chemicals segment manufactures specialty chemicals for specific customers ("custom chemicals") as well as multi-customer specialty chemicals ("performance chemicals"). FutureFuel's custom manufacturing product portfolio includes proprietary agrochemicals, adhesion promoters, a biocide intermediate, and an antioxidant precursor. FutureFuel's performance chemicals products include a portfolio of proprietary nylon and polyester polymer modifiers and several small-volume specialty chemicals and solvents for diverse applications. FutureFuel's biofuels segment primarily produces and sells biodiesel to its customers. Please visit www.futurefuelcorporation.com for more information. FORWARD-LOOKING STATEMENTS This document contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements deal with FutureFuel's current plans, intentions, beliefs, and expectations, and statements of future economic performance. Statements containin…Read full documentShow less
BATESVILLE, Ark., July 28, 2026 (GLOBE NEWSWIRE) -- FutureFuel Corp. (NYSE: FF) ("FutureFuel" or the “Company”), a manufacturer of custom and performance chemicals and biofuels, today announced that it will release second quarter 2026 results after the U.S. market closes on Monday, August 10, 2026. A conference call will be held the following day on Tuesday, August 11, 2026, at 12:00 p.m. ET to review the Company’s financial results, discuss recent events and conduct a question-and-answer session. A webcast of the conference call will be available in the Investor Relations section of the Company’s website at https://futurefuelcorporation.com/. Individuals can also participate by teleconference dial-in. To listen to a live broadcast, go to the site at least 15 minutes prior to the scheduled start time in order to register, download and install any necessary audio software. To participate in the live teleconference: Domestic Live: 1-877-704-4453 International Live: 1-201-389-0920 To listen to a replay of the teleconference, which subsequently will be available through August 25, 2026: Domestic Replay: 1-844-512-2921International Replay: 1-412-317-6671Conference ID: 13761746 ABOUT FUTUREFUEL FutureFuel is a leading manufacturer of diversified chemical products and biofuels. FutureFuel's chemicals segment manufactures specialty chemicals for specific customers ("custom chemicals") as well as multi-customer specialty chemicals ("performance chemicals"). FutureFuel's custom manufacturing product portfolio includes proprietary agrochemicals, adhesion promoters, a biocide intermediate, and an antioxidant precursor. FutureFuel's performance chemicals products include a portfolio of proprietary nylon and polyester polymer modifiers and several small-volume specialty chemicals and solvents for diverse applications. FutureFuel's biofuels segment primarily produces and sells biodiesel to its customers. Please visit www.futurefuelcorporation.com for more information. FORWARD-LOOKING STATEMENTS This document contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements deal with FutureFuel's current plans, intentions, beliefs, and expectations, and statements of future economic performance. Statements containing such terms as "believe," "do not believe," "plan," "expect," "intend," "estimate," "anticipate," and other phrases of similar meaning are considered to contain uncertainty and are forward-looking statements. In addition, from time-to-time FutureFuel or its representatives have made or will make forward-looking statements orally or in writing. Furthermore, such forward-looking statements may be included in various filings that the company makes with United States Securities and Exchange Commission (the "SEC"), in press releases, or in oral statements made by or with the approval of one of FutureFuel's authorized executive officers. These forward-looking statements are subject to certain known and unknown risks and uncertainties, as well as assumptions that could cause actual results to differ materially from those reflected in these forward-looking statements. Factors that might cause actual results to differ include, but are not limited to, those set forth under the headings "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in FutureFuel's Form 10-K Annual Report for the year ended December 31, 2025, and in its future filings made with the SEC. An investor should not place undue reliance on any forward-looking statements contained in this document, which reflect FutureFuel management's opinions only as of their respective dates. Except as required by law, the company undertakes no obligation to revise or publicly release the results of any revisions to forward-looking statements. The risks and uncertainties described in this document and in current and future filings with the SEC are not the only ones faced by FutureFuel. New factors emerge from time to time, and it is not possible for the company to predict which will arise. There may be additional risks not presently known to the company or that the company currently believes are immaterial to its business. In addition, FutureFuel cannot assess the impact of each factor on its business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. If any such risks occur, FutureFuel's business, operating results, liquidity, and financial condition could be materially affected in an adverse manner. An investor should consult any additional disclosures FutureFuel has made or will make in its reports to the SEC on Forms 10-K, 10-Q, and 8-K, and any amendments thereto. All subsequent written and oral forward-looking statements attributable to FutureFuel or persons acting on its behalf are expressly qualified in their entirety by the cautionary statements contained in this document. INVESTOR RELATIONS CONTACT Noel Ryan or Paul Bartolai Vallum Advisors [email protected] # # #
Investor releaseQuarter not tagged2026-06-30FutureFuel Corp. Declares Third Quarter 2026 Cash Dividend
GlobeNewswire
FutureFuel Corp. Declares Third Quarter 2026 Cash Dividend
BASTEVILLE, Ark., June 30, 2026 (GLOBE NEWSWIRE) -- FutureFuel Corp. (NYSE: FF) ("FutureFuel”), a manufacturer of custom and performance chemicals and biofuels, today announced that it has declared its third quarter 2026 cash dividend of U.S. $0.01 per share, payable to shareholders of record on September 4, 2026. The dividend will be paid on September 18, 2026. About FutureFuel FutureFuel is a leading manufacturer of diversified chemical products, specialty chemical products, and biofuel products. In its chemicals business, FutureFuel manufactures specialty chemicals for specific customers ("custom chemicals”), as well as multi-customer specialty chemicals ("performance chemicals”). FutureFuel's custom chemicals product portfolio includes proprietary intermediates for major chemical companies and chlorinated polyolefin adhesion promoters and antioxidant precursors for a major chemical company. FutureFuel’s performance chemicals product portfolio includes polymer (nylon) modifiers and several small-volume specialty chemicals for diverse applications. FutureFuel’s biofuels segment primarily produces and sells biodiesel. Please visit www.futurefuelcorporation.com for more information. Investor Relations Contact Noel Ryan or Paul BartolaiVallum [email protected] # # #
Investor releaseQuarter not tagged2026-05-12FutureFuel: Q1 Earnings Snapshot
Associated Press
FutureFuel: Q1 Earnings Snapshot
BATESVILLE, Ark. (AP) — BATESVILLE, Ark. (AP) — FutureFuel Corp. (FF) on Monday reported a loss of $20.6 million in its first quarter. The Batesville, Arkansas-based company said it had a loss of 47 cents per share. The biofuel and specialty chemical maker posted revenue of $32 million in the period. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FF at https://www.zacks.com/ap/FF
Investor releaseQuarter not tagged2026-05-12FutureFuel Announces First Quarter 2026 Results
GlobeNewswire
FutureFuel Announces First Quarter 2026 Results
BATESVILLE, Ark., May 11, 2026 (GLOBE NEWSWIRE) -- FutureFuel Corp. (NYSE: FF) (“FutureFuel” or the “Company”), a manufacturer of custom and performance chemicals and biofuels, today announced financial results for the first quarter ended March 31, 2026. FIRST QUARTER 2026 RESULTS (As compared to the First Quarter 2025) Total Revenues of $32.0 million, +82.2% Chemical revenue +109.6%; Biofuel revenue +50.7% Net Loss of ($20.6) million, or ($0.47) per basic share Adjusted EBITDA of ($13.8) million(1) Recent new customer wins within Chemicals segment to support improved asset optimization Announces $25 million customer-funded capacity addition within Chemicals segment Anticipate positive Adjusted EBITDA(2) in full-year 2026, excluding non-cash derivative timing differences related to physical movements MANAGEMENT COMMENTARY “During the first quarter, we continued to advance our strategic priorities, consistent with a focus on long-term value creation for our shareholders,” stated Roeland Polet, Chairman and Chief Executive Officer of FutureFuel. “Winter storm-related disruptions, which impacted operations at our Batesville complex for 30 days during February and March, together with the $9.1 million impact of a realized derivatives loss, impacted first quarter Adjusted EBITDA by ($11.0) million, or ($0.25) per share. Excluding the combined impacts of the storm and realized derivative loss, first quarter Adjusted EBITDA improved $12.6 million when compared to the year-ago period, supported by sales volume growth and targeted price actions across both our Chemicals and Biofuels segments. Given expectations for improved business fundamentals across our business exiting the first quarter, we have good momentum going into the second quarter and anticipate a return to positive Adjusted EBITDA for the full-year, excluding non-cash derivative timing differences related to physical movements.” “Within our core Chemicals segment, customers continue to choose FutureFuel as their partner of choice given our proven domestic manufacturing capabilities, deep technical expertise, and ability to produce high-quality, complex formulations at scale,” continued Polet. “Exiting the first quarter, our pipeline of new customer activity approached record levels, as a combination of recurring customer relationships, together with new program wins, have positioned our business to fill…Read full documentShow less
BATESVILLE, Ark., May 11, 2026 (GLOBE NEWSWIRE) -- FutureFuel Corp. (NYSE: FF) (“FutureFuel” or the “Company”), a manufacturer of custom and performance chemicals and biofuels, today announced financial results for the first quarter ended March 31, 2026. FIRST QUARTER 2026 RESULTS (As compared to the First Quarter 2025) Total Revenues of $32.0 million, +82.2% Chemical revenue +109.6%; Biofuel revenue +50.7% Net Loss of ($20.6) million, or ($0.47) per basic share Adjusted EBITDA of ($13.8) million(1) Recent new customer wins within Chemicals segment to support improved asset optimization Announces $25 million customer-funded capacity addition within Chemicals segment Anticipate positive Adjusted EBITDA(2) in full-year 2026, excluding non-cash derivative timing differences related to physical movements MANAGEMENT COMMENTARY “During the first quarter, we continued to advance our strategic priorities, consistent with a focus on long-term value creation for our shareholders,” stated Roeland Polet, Chairman and Chief Executive Officer of FutureFuel. “Winter storm-related disruptions, which impacted operations at our Batesville complex for 30 days during February and March, together with the $9.1 million impact of a realized derivatives loss, impacted first quarter Adjusted EBITDA by ($11.0) million, or ($0.25) per share. Excluding the combined impacts of the storm and realized derivative loss, first quarter Adjusted EBITDA improved $12.6 million when compared to the year-ago period, supported by sales volume growth and targeted price actions across both our Chemicals and Biofuels segments. Given expectations for improved business fundamentals across our business exiting the first quarter, we have good momentum going into the second quarter and anticipate a return to positive Adjusted EBITDA for the full-year, excluding non-cash derivative timing differences related to physical movements.” “Within our core Chemicals segment, customers continue to choose FutureFuel as their partner of choice given our proven domestic manufacturing capabilities, deep technical expertise, and ability to produce high-quality, complex formulations at scale,” continued Polet. “Exiting the first quarter, our pipeline of new customer activity approached record levels, as a combination of recurring customer relationships, together with new program wins, have positioned our business to fill existing production capacity. Total segment sales volumes increased materially in the first quarter, when compared to the year-ago period, supported by increased demand from energy-related customers, together with new program wins. As we further optimize our production footprint, maintain price discipline, and drive cost efficiencies across the organization, we expect to deliver improved operating leverage, along with improved incremental margin capture.” “In recent months, the regulatory environment has grown increasingly favorable for our Biofuels segment,” continued Polet. “In February 2026, the U.S. Department of the Treasury issued proposed regulations under Section 45Z of the Clean Fuel Production Credit that are expected to support a more level competitive landscape for biodiesel through reduced sustainable aviation fuel (SAF) incentives, North American feedstock requirements, and an extension of the credit through December 2029. Shortly thereafter, in March 2026, the U.S. Environmental Protection Agency finalized the Renewable Fuel Standard ‘Set 2’ rule establishing new biodiesel and renewable diesel mandates for 2026 and 2027, which are expected to require more than 60% growth in domestic production from 2025 levels. In combination, these actions are expected to both drive improved demand and more favorable production economics for our Biofuels segment.” “Total gallons sold by our Biofuels segment increased 18.8% in the first quarter, when compared to the prior-year period, driven by a combination of increased project activity and new customer wins,” noted Polet. “While feedstock costs remain elevated versus historical levels, impacting near-term Biofuels segment gross profit per gallon sold, we anticipate recent regulatory actions should support an increasingly favorable outlook for our Biofuels segment, over time.” “For the full-year 2026, we expect to generate positive Adjusted EBITDA, excluding non-cash derivative timing differences related to physical commodity price movements,” stated Rose Sparks, Chief Financial Officer of FutureFuel. “We continue to prioritize capital allocation to support the long-term growth of the business, as reflected in our recently announced reduction in the quarterly cash dividend, together with other targeted actions. This year, we expect to receive more than $27 million in customer deposits to support a directed capabilities expansion at Batesville, once again highlighting the collaborative, capital-lite approach we’ve adopted toward facility investment. On balance, we anticipate more than 65% of our full-year 2026 capital spending plan will be customer-funded, positioning us to both drive state-of-the-art capabilities expansions at our facility, while securing long-term customer programs with recurring revenue streams.” FIRST QUARTER 2026 FINANCIAL PERFORMANCE Consolidated Results Total Revenue was $32.0 million in the first quarter of 2026, an increase of 82.2% compared to $17.5 million in the first quarter of 2025. The increase in revenue was driven by higher volumes and targeted price actions in both the Chemical and Biofuel segments. Total volume growth was 61.6% during the first quarter of 2026, while average blended price increased by 20.6%. Total gross loss was $15.9 million during the first quarter of 2026 versus $15.2 million during the first quarter of 2025. Gross loss during the first quarter of 2026 included a net loss of ($11.6) million related to changes in the fair value of derivative instruments, including realized losses of ($9.1) million; however, the derivative loss is expected to be offset upon the sale of underlying physical commodity positions in future periods. In addition to the realized derivative loss, gross loss was further impacted by an unplanned outage at our Batesville facility due to Winter Storm Fern, which impacted facility throughputs for 30 days during the first quarter. The weather-related gross loss impacts to first quarter 2026 results were approximately $3.2 million, which included $1.8 million in lost production volume, and repair costs of $1.3 million, and capital expenditures of $0.5 million. The Company expects to incur an additional $1.0 million in capital repair costs during the second quarter of 2026. Batesville operations resumed at normal rates beginning on February 26, 2026. The Company reported a net loss of ($20.6) million during the first quarter of 2026 versus a net loss of ($18.1) million in the first quarter of 2025. Adjusted EBITDA was ($13.8) million during the first quarter of 2026 versus ($16.1) million during the first quarter of 2025. Chemicals segment Revenue increased to $19.6 million during the first quarter of 2026, compared to $9.4 million in the first quarter of 2025. Custom Chemical revenue increased to $5.5 million during the first quarter, up 65.0% from $8.4 million last year primarily due to higher volumes of products sold to energy customers. Performance Chemical revenue of $5.8 million during the first quarter was up from $1.0 million last year primarily due to increased volumes for a new customer that began production during the fourth quarter. Gross loss was ($2.5) million during the first quarter of 2026, an improvement from gross loss of ($6.0) million in the first quarter of 2025. The improvement was primarily driven by new product revenue sold to energy customers, partially offset by costs related to Winter Storm Fern and lost production time. Market conditions within the Chemicals segment continued to improve during the first quarter, as demonstrated by a growing pipeline of project activity and new customer additions. During the last twelve months, the Company has increased total production capacity by 15% and expects to achieve improved operating leverage as production scales from current levels. Biofuels segment Revenue increased 50.7% to $12.3 million during the first quarter of 2026, compared to $8.2 million in the same period last year. The increase was driven by increased regulatory clarity surrounding the Clean Fuel Production Credit under IRC section 45Z (“45z credit”) and record-high renewable volume obligations RVO levels, partially offset by weather-related shutdowns. During the first quarter of 2026, the Company accrued $1.2 million in 45z credits, with none accrued in the same period of last year. Gross loss was ($13.3) million during the first quarter of 2026, down from ($9.2) million in the same period last year, primarily due to the unfavorable change in derivative values of $11.6 million. As previously discussed, these costs are generally intended to be recovered once the underlying physical product is sold. Market conditions within the Biofuels segment improved during the first quarter of 2026 given more favorable regulatory conditions (see Regulatory Update section below). Sales volumes are expected to improve during the second half of 2026 given improved regulatory clarity; however, input costs for soybean oil and other raw materials used in the production of biofuels remain elevated, which is expected to have a continued, near-term impact on Biofuels gross profit per gallon sold. FINANCIAL RESOURCES AND LIQUIDITY As of March 31, 2026, the Company had total cash and equivalents of $22.4 million, versus $51.3 million at December 31, 2025, and a $35 million revolving credit facility with no outstanding borrowings. The decline in total cash between the fourth quarter of 2025 and the first quarter of 2026 was related to the reported operating loss in the first quarter of 2026, increased working capital requirements related to new program activity, and capital expenditures to support growth. Cash flow from operations was ($20.0) million during the first quarter of 2026, down from ($5.4) million in the first quarter of 2025. The decline was driven by the first quarter of 2026 operating loss, including derivative losses and remediation expenses related to Winter Storm Fern, as well as an increase in working capital. Capital expenditures were $7.1 million during the first quarter of 2026, up from $4.0 million in the first quarter of 2025 due to capital investments for capacity expansion and new customer programs. BUSINESS HIGHLIGHTS FutureFuel is focused on a multi-faceted strategy to drive long-term value creation, anchored by profitable organic and inorganic growth across its core Chemicals and Biofuels segments, enhanced operational discipline in areas such as plant optimization, procurement, and automation, and a returns-focused capital allocation framework that balances reinvestment in the business with shareholder returns, including share repurchases under its existing authorization and a quarterly cash dividend. In the first quarter of 2026, the Company advanced this strategy through the following key actions outlined below. Improved chemicals plant utilization at Batesville. Chemicals segment plant utilization, as defined by production volumes, increased to 54% in the first quarter of 2026, versus 33% in the prior-year period. New customer program wins, and growth in existing customer activity, particularly from energy-related customers, contributed to improved production throughputs in the first quarter of 2026. Customer-funded capacity addition. FutureFuel has entered into a definitive agreement with an existing chemicals customer under which the customer has committed to invest $25 million in the Batesville facility in 2026 and up to $17 million in 2027 to support incremental production capacity that is expected to come online in early fiscal 2028. The Company sees a clear commercial roadmap toward additional sales volume growth through this agreement, together with increased customer program activity. Reduction in quarterly cash dividend. In March 2026, the Board of Directors announced it reduced the quarterly dividend from $0.06 per share to $0.01 per share effective for the second quarter of 2026. The Company expects to redirect capital to fund growth investments and for opportunistic share repurchases. As of March 31, 2026, FutureFuel had the full authorization remaining under its existing $25 million share repurchase program. REGULATORY UPDATE On March 27, 2026, the U.S Environmental Protection Agency (“EPA”) finalized the “Set 2” RFS volumes establishing the highest blending mandates in the program’s history targeting a 60% increase over 2025. The EPA estimates the mandate will require roughly 5.3 to 5.4 billion physical gallons of biomass diesel in 2026, and 5.7 to 5.8 billion gallons in 2027. The rule reduced the renewable identification number (RIN) equivalency factor for renewable diesel from 1.7 to 1.6 (from a revenue advantage on every gallon sold of 13% to 6%) and further to 1.5 (the same as biodiesel) by 2027 which represents a fundamental shift in the competitive and structural landscape of biodiesel. To meet the 2027 volume targets, existing U.S. domestic biofuels production levels are expected to reach peak capacity. On February 4, 2026, the Treasury Department and the Internal Revenue Service (IRS) issued proposed regulations providing expanded guidance on the 45Z credit integrating changes from the Budget Reconciliation Act of 2025, which made modifications to the CFPC. The proposed rule is expected to help level the competitive environment for biodiesel by reducing the tax credit for SAF from $1.75 per gallon to $1.00 per gallon effective January 1, 2026, requiring that all feedstocks be sourced from North America, as required for biomass based diesel, and extending the 45Z credit for an additional two years through December 31, 2029. FutureFuel believes recent actions by the U.S. EPA, Treasury Department and IRS have the potential to support stronger biofuels demand and improved production economics. FINANCIAL OUTLOOK The following forward-looking guidance reflects the Company’s current expectations and beliefs as of May 11, 2026, and is subject to change. The following statements apply only as of the date of this press release and are expressly qualified in their entirety by the cautionary statements included elsewhere herein. FutureFuel currently anticipates that favorable demand trends within its core Chemicals segment, together with an improved regulatory climate for its Biofuels segment, position the business to deliver positive Adjusted EBITDA(1) in the full-year 2026, excluding unrealized gains and losses on derivative instruments and inventory valuation adjustments. The Company believes that it remains well-positioned to benefit from reshoring trends, supported by its vertically integrated domestic platform, as customers seek to localize production and mitigate supply chain risk. (1) A non-GAAP financial measure. No reconciliation for full-year 2026 Adjusted EBITDA is included herein because we are unable to quantify certain amounts that would be required to be included in such reconciliation without unreasonable efforts due to the high variability and difficulty to predict certain items excluded from Adjusted EBITDA. ABOUT FUTUREFUEL FutureFuel is a leading manufacturer of diversified chemical products and biofuels. FutureFuel's chemicals segment manufactures specialty chemicals for specific customers ("custom chemicals") as well as multi-customer specialty chemicals ("performance chemicals"). FutureFuel's custom manufacturing product portfolio includes proprietary agrochemicals, adhesion promoters, a biocide intermediate, and an antioxidant precursor. FutureFuel's performance chemicals products include a portfolio of proprietary nylon and polyester polymer modifiers and several small-volume specialty chemicals and solvents for diverse applications. FutureFuel's biofuels segment primarily produces and sells biodiesel to its customers. Please visit www.futurefuelcorporation.com for more information. FORWARD-LOOKING STATEMENTS This document contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements deal with FutureFuel's current plans, intentions, beliefs, and expectations, and statements of future economic performance. Statements containing such terms as "believe," "do not believe," "plan," "expect," "intend," "estimate," "anticipate," and other phrases of similar meaning are considered to contain uncertainty and are forward-looking statements. In addition, from time-to-time FutureFuel or its representatives have made or will make forward-looking statements orally or in writing. Furthermore, such forward-looking statements may be included in various filings that the company makes with United States Securities and Exchange Commission (the "SEC"), in press releases, or in oral statements made by or with the approval of one of FutureFuel's authorized executive officers. These forward-looking statements are subject to certain known and unknown risks and uncertainties, as well as assumptions that could cause actual results to differ materially from those reflected in these forward-looking statements. Factors that might cause actual results to differ include, but are not limited to, those set forth under the headings "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in FutureFuel's Form 10-K Annual Report for the year ended December 31, 2025, and in its future filings made with the SEC. An investor should not place undue reliance on any forward-looking statements contained in this document, which reflect FutureFuel management's opinions only as of their respective dates. Except as required by law, the company undertakes no obligation to revise or publicly release the results of any revisions to forward-looking statements. The risks and uncertainties described in this document and in current and future filings with the SEC are not the only ones faced by FutureFuel. New factors emerge from time to time, and it is not possible for the company to predict which will arise. There may be additional risks not presently known to the company or that the company currently believes are immaterial to its business. In addition, FutureFuel cannot assess the impact of each factor on its business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements. If any such risks occur, FutureFuel's business, operating results, liquidity, and financial condition could be materially affected in an adverse manner. An investor should consult any additional disclosures FutureFuel has made or will make in its reports to the SEC on Forms 10-K, 10-Q, and 8-K, and any amendments thereto. All subsequent written and oral forward-looking statements attributable to FutureFuel or persons acting on its behalf are expressly qualified in their entirety by the cautionary statements contained in this document. NON-GAAP FINANCIAL MEASURES In this press release, FutureFuel used adjusted EBITDA as a key operating metric to measure both performance and liquidity. Adjusted EBITDA is a non-GAAP financial measure. Adjusted EBITDA is not a substitute for operating income, net income, or cash flow from operating activities (each as determined in accordance with GAAP), as a measure of performance or liquidity. Adjusted EBITDA has limitations as an analytical tool and should not be considered in isolation or as a substitute for analysis of results as reported under GAAP. FutureFuel defines adjusted EBITDA as net income before interest, income taxes, depreciation, and amortization expenses, excluding, when applicable, non-cash share-based compensation expense, public offering expenses, acquisition-related transaction costs, purchase accounting adjustments, loss on disposal of property and equipment, non-cash gains or losses on derivative instruments, and other non-operating income or expense. Information relating to adjusted EBITDA is provided so that investors have the same data that management employs in assessing the overall operation and liquidity of FutureFuel's business. FutureFuel's calculation of adjusted EBITDA may be different from similarly titled measures used by other companies; therefore, the results of its calculation are not necessarily comparable to the results of other companies. Adjusted EBITDA allows FutureFuel's chief operating decision makers to assess the performance and liquidity of FutureFuel's business on a consolidated basis to assess the ability of its operating segments to produce operating cash flow to fund working capital needs, to fund capital expenditures, and to pay dividends. In particular, FutureFuel management believes that adjusted EBITDA permits a comparative assessment of FutureFuel's operating performance and liquidity, relative to a performance and liquidity based on GAAP results, while isolating the effects of depreciation and amortization, which may vary among its operating segments without any correlation to their underlying operating performance, and of non-cash stock-based compensation expense, which is a non-cash expense that varies widely among similar companies, and non-cash gains and losses on derivative instruments, whose immediate recognition can cause net income to be volatile from quarter to quarter due to the timing of the valuation change in the derivative instruments relative to the sale of biofuel. A table included in this earnings release reconciles adjusted EBITDA with net income, the most directly comparable GAAP performance financial measure, and a table reconciles adjusted EBITDA with cash flows from operations, the most directly comparable GAAP liquidity financial measure. INVESTOR RELATIONS CONTACT Noel Ryan or Paul Bartolai [email protected]
Investor releaseQuarter not tagged2026-04-21FUTUREFUEL ANNOUNCES FIRST QUARTER 2026 EARNINGS RELEASE DATE
GlobeNewswire
FUTUREFUEL ANNOUNCES FIRST QUARTER 2026 EARNINGS RELEASE DATE
BATESVILLE, Ark., April 20, 2026 (GLOBE NEWSWIRE) -- FutureFuel Corp. (NYSE: FF) ("FutureFuel" or the “Company”), a manufacturer of custom and performance chemicals and biofuels, today announced that it will issue financial results for the first quarter ended March 31, 2026 after the market close on Monday, May 11, 2026. The earnings release will be available in the Investor Relations section of FutureFuel’s website at https://futurefuelcorporation.com/. ABOUT FUTUREFUEL FutureFuel is a leading manufacturer of diversified chemical products and biofuels. FutureFuel's chemicals segment manufactures specialty chemicals for specific customers ("custom chemicals") as well as multi-customer specialty chemicals ("performance chemicals"). FutureFuel's custom manufacturing product portfolio includes proprietary agrochemicals, adhesion promoters, a biocide intermediate, and an antioxidant precursor. FutureFuel's performance chemicals products include a portfolio of proprietary nylon and polyester polymer modifiers and several small-volume specialty chemicals and solvents for diverse applications. FutureFuel's biofuels segment primarily produces and sells biodiesel to its customers. Please visit www.futurefuelcorporation.com for more information. INVESTOR RELATIONS CONTACT Noel Ryan or Paul Bartolai Vallum Advisors [email protected] # # #
Investor releaseQuarter not tagged2026-03-31First Mining Announces Year-End 2025 Financial Results and Operating Highlights
CNW Group
First Mining Announces Year-End 2025 Financial Results and Operating Highlights
VANCOUVER, BC, March 31, 2026 /CNW/ - First Mining Gold Corp. ("First Mining" or the "Company") (TSX: FF) (OTCQX: FFMGF) (FRANKFURT: FMG) reports its fourth quarter and annual financial results for the year ended December 31, 2025. The audited consolidated financial statements and management's discussion and analysis ("MD&A"), and annual information form ("AIF") are available on First Mining's website at www.firstmininggold.com/investors/reports-filings/financials/ and have been posted under the Company's profile on SEDAR+ at www.sedarplus.ca and EDGAR at www.sec.gov. "We are pleased to announce our year-end financial and operating results, where we ended the year with a record cash balance," stated Dan Wilton, CEO & Director of First Mining. "The support from our shareholders this year along with the monetization of non-core assets will provide the Company with increased financial flexibility to execute our strategic goals in 2026. This year will be a critical de-risking year for our projects. At our Springpole Project, we expect key regulatory decisions that will provide a pathway to project development. At our Duparquet Project, we will be building on the success of our 2025 drilling program and will embark on a comprehensive environmental baseline study to advance the Project. We want to thank new and existing shareholders for their support and look forward to providing updates in this coming year." Q4 2025 and Q1 2026 Highlights: As of December 31, 2025, the Company's cash and current investments balance was $45.3 million and the equity interest in PC Gold Inc. (Pickle Crow Project) was $21.5 million. On March 10, 2026, the Company announced it had closed its previously announced sale of the Cameron Gold Project to Seva Mining Corp. ("Seva") in November 2025. First Mining received $5,000,000 in cash and 80,000,000 common shares of Seva representing approximately 48% of the common shares outstanding. First Mining also has two representatives serving on the Board of Directors of Seva and will receive at least $2 million in a future cash payment related to a stockpile processing. On March 9, 2026, the Company announced additional results from the 2025 Duparquet drilling program at the Miroir target including drill hole DUP25-081 returning 1.56 g/t Au over 33.15m, including 3.18 g/t Au over 7.60m. DUP25-085 returned 3.74 g/t Au over 15.5m and 7.18 g/t over…Read full documentShow less
VANCOUVER, BC, March 31, 2026 /CNW/ - First Mining Gold Corp. ("First Mining" or the "Company") (TSX: FF) (OTCQX: FFMGF) (FRANKFURT: FMG) reports its fourth quarter and annual financial results for the year ended December 31, 2025. The audited consolidated financial statements and management's discussion and analysis ("MD&A"), and annual information form ("AIF") are available on First Mining's website at www.firstmininggold.com/investors/reports-filings/financials/ and have been posted under the Company's profile on SEDAR+ at www.sedarplus.ca and EDGAR at www.sec.gov. "We are pleased to announce our year-end financial and operating results, where we ended the year with a record cash balance," stated Dan Wilton, CEO & Director of First Mining. "The support from our shareholders this year along with the monetization of non-core assets will provide the Company with increased financial flexibility to execute our strategic goals in 2026. This year will be a critical de-risking year for our projects. At our Springpole Project, we expect key regulatory decisions that will provide a pathway to project development. At our Duparquet Project, we will be building on the success of our 2025 drilling program and will embark on a comprehensive environmental baseline study to advance the Project. We want to thank new and existing shareholders for their support and look forward to providing updates in this coming year." Q4 2025 and Q1 2026 Highlights: As of December 31, 2025, the Company's cash and current investments balance was $45.3 million and the equity interest in PC Gold Inc. (Pickle Crow Project) was $21.5 million. On March 10, 2026, the Company announced it had closed its previously announced sale of the Cameron Gold Project to Seva Mining Corp. ("Seva") in November 2025. First Mining received $5,000,000 in cash and 80,000,000 common shares of Seva representing approximately 48% of the common shares outstanding. First Mining also has two representatives serving on the Board of Directors of Seva and will receive at least $2 million in a future cash payment related to a stockpile processing. On March 9, 2026, the Company announced additional results from the 2025 Duparquet drilling program at the Miroir target including drill hole DUP25-081 returning 1.56 g/t Au over 33.15m, including 3.18 g/t Au over 7.60m. DUP25-085 returned 3.74 g/t Au over 15.5m and 7.18 g/t over 8.0, including 30.58 g/t over 1.65m. DUP25-090 returned 4.08 g/t Au over 12.0m, including 11.20 g/t Au over 1.0. On February 24, 2026, the Company filed a final short form base shelf prospectus with the securities regulatory authorities in each of the provinces and territories of Canada, and a corresponding registration statement on Form F-10 with the United States Securities and Exchange Commission. On February 3, 2026, the Company announced that its joint-venture partner at First Mining's Pickle Crow Gold Project, FireFly has agreed to sell its 70% interest in PC Gold Inc., the entity that holds the Pickle Crow Project, to Bellavista Resources. The transaction is expected to close in Q2 2026. On January 7, 2026, the Company announced results of the updated Socio-Economic Analysis for the Springpole Gold Project undertaken by WSP Canada Inc. which demonstrates the major benefits to the local region, Ontario and Canada. The Springpole Project can deliver 3,340 jobs in each year of construction, 5,910 jobs in each year of operations, is expected to generate over $7 billion of tax revenue for government and contribute $15 billion to the Gross Domestic Product. On November 18, 2025, the Company announced positive results from an updated Pre-Feasibility Study for the Springpole Gold Project. The NI 43-101 Technical Report for the study was filed on SEDAR+ December 23, 2025, entitled "Springpole Gold Project NI 43-101 Technical Report and Pre-Feasibility Study, Ontario, Canada" and was prepared by Ausenco Engineering Canada ULC of Vancouver, Canada with an effective date of December 1, 2025. On November 10, 2025, the Company announced additional results from the 2025 exploration drilling program at the Duparquet Gold Project. The Company completed its 2025 drilling program at in October, comprising 16,577 m of drilling. These latest drilling results are from the Miroir target, a high priority discovery zone that was first intersected in the 2024 drill program (hole DUP24-048) and was further drill tested. The latest results have enhanced the Miroir target over a strike length of 100 m and a depth of 100 m, where the target remains open. About First Mining Gold Corp. First Mining is a gold developer advancing two of the largest gold projects in Canada, the Springpole Gold Project in northwestern Ontario, where permitting activities are on-going with a final Environmental Impact Statement / Environmental Assessment for the project submitted in November 2024, and the Duparquet Gold Project in Quebec, a PEA-stage development project located on the Destor-Porcupine Fault Zone in the prolific Abitibi region. First Mining also owns a 30% project interest in the Pickle Crow Gold Project and large equity interest in Seva Mining Corp. First Mining was established in 2015 by Mr. Keith Neumeyer, founder and CEO of First Majestic Silver Corp. ON BEHALF OF FIRST MINING GOLD CORP. Daniel W. Wilton Chief Executive Officer and Director Cautionary Note Regarding Forward-Looking Statements This news release includes certain "forward-looking information" and "forward-looking statements" (collectively "forward-looking statements") within the meaning of applicable Canadian and United States securities legislation including the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements are made as of the date of this news release. Forward-looking statements are frequently, but not always, identified by words such as "expects", "anticipates", "believes", "plans", "projects", "intends", "estimates", "envisages", "potential", "possible", "strategy", "goals", "opportunities", "objectives", or variations thereof or stating that certain actions, events or results "may", "could", "would", "might" or "will" be taken, occur or be achieved, or the negative of any of these terms and similar expressions. Forward-looking statements in this news release relate to future events or future performance and reflect current estimates, predictions, expectations or beliefs regarding future events and include, but are not limited to, statements with respect to (i) closing of the Pickle Crow transaction; (ii)socio-economic benefits of the Springpole Project; (iii) results of the Springpole pre-feasibility study; and (iv) First Mining's plans related to its Springpole, Duparquet and other projects. All forward-looking statements are based on First Mining's or its consultants' current beliefs as well as various assumptions made by them and information currently available to them. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements reflect the beliefs, opinions and projections on the date the statements are made and are based upon a number of assumptions and estimates that, while considered reasonable by the respective parties, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Such factors include, without limitation, the Company's business, operations and financial condition potentially being materially adversely affected by the outbreak of epidemics, pandemics or other health crises, and by reactions by government and private actors to such outbreaks; risks to employee health and safety as a result of the outbreak of epidemics, pandemics or other health crises, that may result in a slowdown or temporary suspension of operations at some or all of the Company's mineral properties as well as its head office; fluctuations in the spot and forward price of gold, silver, base metals or certain other commodities; fluctuations in the currency markets (such as the Canadian dollar versus the U.S. dollar); changes in national and local government, legislation, taxation, controls, regulations and political or economic developments; risks and hazards associated with the business of mineral exploration, development and mining (including environmental hazards, industrial accidents, unusual or unexpected formations, pressures, cave-ins and flooding); the presence of laws and regulations that may impose restrictions on mining; employee relations; relationships with and claims by local communities, indigenous populations and other stakeholders; availability and increasing costs associated with mining inputs and labour; the speculative nature of mineral exploration and development; title to properties.; and the additional risks described in the Company's Annual Information Form for the year ended December 31, 2024 filed with the Canadian securities regulatory authorities under the Company's SEDAR+ profile at www.sedarplus.ca, and in the Company's Annual Report on Form 40-F filed with the SEC on EDGAR. First Mining cautions that the foregoing list of factors that may affect future results is not exhaustive. When relying on our forward-looking statements to make decisions with respect to First Mining, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. First Mining does not undertake to update any forward-looking statement, whether written or oral, that may be made from time to time by the Company or on our behalf, except as required by law. View original content to download multimedia:https://www.prnewswire.com/news-releases/first-mining-announces-year-end-2025-financial-results-and-operating-highlights-302729382.html View original content to download multimedia: http://www.newswire.ca/en/releases/archive/March2026/31/c6926.html

