Ramaco reported Q4 2025 revenue of USD 128.0 million (-25.0%) and a net loss of USD 14.7 million, or diluted EPS of -USD 0.26 for Class A shares. Adjusted EBITDA was USD 8.9 million (-70.0%). Non-GAAP revenue per ton sold (FOB mine) was USD 116 (-10.0%) and non-GAAP cash cost per ton sold (FOB mine) was USD 92 (-4.0%), resulting in non-GAAP cash margins of USD 24 (-27.0%). Total tons sold were 938,000 (+7.0%). Liquidity ended Q4 at USD 521.0 million (up more than 275% year over year), including USD 440.3 million of cash. For FY 2025, Ramaco posted revenue of USD 536.6 million (-19.0%), a net loss of USD 51.4 million and diluted EPS of -USD 0.99 for Class A shares, with Adjusted EBITDA of USD 36.1 million (-66.0%). FY 2025 non-GAAP cash mine cost was USD 98 per ton sold (-7.0%) and non-GAAP cash margins were USD 22 per ton (-37.0%). On its rare earth and critical minerals initiative at the Brook Mine in Wyoming, Ramaco said it developed a proprietary, patent-pending alternative processing flowsheet based on carbochlorination, and plans to shift to producing mixed rare earth carbonate for sale to third parties, which it expects to simplify the processing facility and reduce the need for solvent extraction. The company said Hatch is preparing a revised PEA expected by mid-year, while a PFS is now expected by late 2026. For metallurgical coal, Ramaco said committed 2026 sales total 3.1 million tons (about 80% of the midpoint of 2026 production guidance), including 1.1 million tons to North American customers at an average fixed price of USD 142 per ton and 2.0 million export tons at index-linked pricing. Ramaco issued 2026 guidance for sales volumes of 4.1 to 4.5 million tons and production of 3.7 to 4.1 million tons, with cash cost of sales expected at USD 95 to USD 100 per ton and capital expenditures of USD 85.0 million to USD 90.0 million.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Ramaco Resources Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: CL96043) on February 25, 2026, and is solely responsible for the information contained therein.
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