CLEVELAND, Nov. 5, 2025 /PRNewswire/ —

Consolidated Q3 2025 Effects:

• Revenues of $76.6 million grew 24%, era improper benefit of $10.0 million advanced 38% over Q3 2024
• Running benefit of $6.8 million up sequentially from Q2 2025 breakeven effects; indisposed from prior yr $19.7 million, which incorporated $13.6 million of industrial interruption insurance coverage source of revenue
• Internet source of revenue of $13.3 million when compared with $15.6 million in Q3 2024

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

3rd-quarter 2025 income advanced sequentially because of important enhancements in each and every of the Corporate’s 3 running departments. In comparison with the prior-year 0.33 quarter, running benefit reduced as 2024 incorporated a $13.6 million get advantages for trade interruption insurance coverage healings. With the exception of the insurance coverage fix source of revenue, we had a web development within the underlying running effects as a result of really extensive year-over-year running benefit enhancements within the Promise Mining and Minerals and Royalties departments greater than offset decrease ends up in the Significance Coal Mining branch and an build up in unallocated bills. Important favorable tax results within the 2025 0.33 quarter helped decrease the year-over-year moderate in web source of revenue.

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

Liquidity

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

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

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

In 2025, we modified our reportable branch names to assistance stakeholders extra simply worker the trade actions with each and every branch. The Significance Coal Mining, Promise Mining, and Minerals and Royalties departments have been previously the Coal Mining, North American Mining, and Minerals Control departments, respectively. The composition and historic reporting of each and every branch remained the similar.

Significance Coal Mining Effects

Significance Coal Mining revenues for the 2025 0.33 quarter rose 11% because of an build up in heaps delivered at Mississippi Lignite Mining Corporate. Prior yr deliveries have been constrained as the ability plant served through the mine operated with best one in every of its two boilers from mid-December 2023 via July 2024, when the problem used to be resolved. The prior-year quarter features a $13.6 million trade interruption insurance coverage fix related to the decreased energy plant capability. The presence of this get advantages within the 2024 effects used to be a number one reason for the year-over-year moderate in 2025 running benefit and Section Adjusted EBITDA.

The underlying trade effects at Mississippi Lignite Mining Corporate proceed to be suffering from contractual pricing mechanics, make happen a discount within the contractually progressive in step with ton gross sales worth in 2025.

Promise Mining Effects

The Promise Mining branch revenues grew considerably yr over yr partially because of an build up in reimbursed prices, that have an offsetting quantity in value of products offered and due to this fact incorrect have an effect on on improper benefit. Revenues, web of reimbursed prices, grew 22% basically on account of an build up in heaps delivered because of upper buyer call for and an build up in portions gross sales.

Progressed margins on the mining operations, an build up in portions gross sales and decrease running bills ended in important will increase in each running benefit and Section Adjusted EBITDA. Prior yr running bills incorporated a $0.9 million sinful debt fee that didn’t recur in 2025.

Minerals and Royalties Effects

Minerals and Royalties running benefit and Section Adjusted EBITDA greater yr over yr basically because of an development in income from an fairness funding and greater royalty revenues basically pushed through upper herbal fuel costs.

Outlook

NACCO is a rising diverse herbal useful resource corporate, strategically situated to bring constant monetary returns over the long run. Our companies perform completely within the U.S. and serve essential inputs for electrical energy presen, development and advancement, and the manufacturing of business minerals and merchandise. Expanding call for for electrical energy, on-shoring and flow federal insurance policies are growing favorable macroeconomic developments inside those industries. We proceed to capitalize on those tailwinds, pursuing longer-term expansion alternatives. Via disciplined capital allocation, operational experience and an entrepreneurial but wary method to expansion, we’ve distinctive functions and sunny aggressive benefits that allow us to seize a large space of sexy expansion alternatives. Our platform is supported through more than one vectors for cost origination, and we’re steadfastly dedicated to turning in compounding returns and increasing investor cost over the long run.

Our trade type is purposely constructed for sturdiness and resilience. Our understructure rests on a strong bottom of long-term coal-mining words, producing unswerving ordinary coins flows. As brandnew long-term words are added each and every yr in our alternative companies, those multi-year guarantees manufacture a “layering” impact as their contributions compound. This, blended with source of revenue generated through our mineral and royalty belongings, serve coins current balance. We stay assured in our talent to bring tone fourth-quarter 2025 running effects, with momentum construction as we journey into 2026.

We watch for consolidated running benefit for the 2025 fourth quarter to be related to the prior yr quarter. Complete-year running benefit shall be less than 2024 due partially to the 2025 second-quarter break-even effects. As well as, we intend to finish our outlined get advantages 401-k plan within the fourth quarter of 2025. Even if the plan is recently over funded, a vital non-cash agreement fee is expected upon termination. The pension agreement fee and decrease running benefit are anticipated to top to a considerable year-over-year snip in web source of revenue and EBITDA when compared with the 2024 fourth quarter and whole yr. We predict significant year-over-year enhancements in each running benefit and web source of revenue in 2026.

Our Significance Coal Mining branch, operated through North American Coal^®, constitutes the understructure of our trade, anchored through our long-term mining words. We watch for secure buyer call for for the extra of 2025 and in 2026 on the unconsolidated mining operations. At Mississippi Lignite Mining Corporate, fourth-quarter 2025 effects are anticipated to toughen over 2024 because of operational efficiencies. Alternatively, this development isn’t anticipated to offset the impact of the relief within the 2025 contractually progressive in step with ton gross sales worth, inflicting Mississippi Lignite Mining Corporate’s and the Significance Coal Mining branch’s 2025 full-year effects to say no when compared with 2024. Taking a look forward, we think bettering profitability for this branch in 2026, pushed through expected enhancements at Mississippi Lignite Mining Corporate in each gross sales worth and value in step with ton delivered, in particular if the buyer’s energy plant is in a position to perform extra constantly.

The Promise Mining branch, operated through North American Mining^®, represents our mining expansion platform. Our increasing pipeline of possible offers and persevered engagement with consumers place this branch as a key pillar for date expansion. Via ongoing geographic and mineral growth, we’re construction a rising portfolio of long-term words. Case in point, North American Mining carried out a multi-year pledge in October 2025 to serve dragline services and products as a part of a undertaking to build an embankment dam in Palm Seaside County, Florida. This undertaking will have to be accretive to income starting in the second one quarter of 2026.

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

Occasion total buyer call for throughout the Promise Mining branch is anticipated to extend year-over-year, profitability enhancements within the 2025 fourth quarter are anticipated to be pushed through operational efficiencies partially offset through increased running bills. Momentum from the robust full-year 2025 effects and operational efficiencies is anticipated to boost up in 2026. Those components, blended with income from the brandnew pledge signed in October 2025 are anticipated to top to a vital build up in year-over-year effects.

The Minerals and Royalties branch, led through Catapult Minerals Companions^®, has built a fine quality, diverse portfolio of oil and fuel mineral and royalty pursuits in america. The Catapult crew is increasing its portfolio through leveraging a data-driven method to capital deployment that accommodates a longer-term view of manufacturing and advancement. We imagine this offers a aggressive merit within the U.S. marketplace.

Minerals and Royalties’ running benefit and Section Adjusted EBITDA for the 2025 fourth quarter are anticipated to snip when compared with 2024 basically pushed through flow marketplace expectancies for herbal fuel and oil costs, in addition to advancement and manufacturing suppositions on recently owned reserves. Occasion fourth-quarter 2025 effects are projected to say no, full-year running benefit is anticipated to extend over 2024, with the exception of the $4.5 million achieve on sale known within the 2024 moment quarter. This build up is due partially to fresh investments made through Catapult.

In July 2025, Catapult finished a $4.2 million acquisition of mineral pursuits throughout the Midland Basin. The purchase comprises a mixture of generating wells, in addition to extra upside alternatives via date advancement with present operators within the segment. This branch additionally has an funding in an organization that holds non-operated operating pursuits in oil and herbal fuel belongings. Occasion those investments are anticipated to give a contribution to 2026 income, discounts in income from legacy belongings are anticipated to most commonly offset those enhancements make happen a little running benefit build up when compared with 2025.

Mitigation Sources of North The usa^® supplies current and wetland mitigation answers, in addition to complete reclamation and recovery development services and products. Mitigation Sources has a robust recognition and sunny aggressive strengths, that are supporting persevered growth into brandnew markets. This trade, era recently variable in efficiency because of allow and undertaking timing, is anticipated to reach a key milestone in profitability in 2026 and journey towards extra constant effects over pace because the trade expands.

We proceed to put money into our companies to pressure date expansion. In keeping with the flow undertaking pipeline, we watch for capital expenditures of roughly $44 million within the extra of 2025, and as much as $70 million in 2026, with the bulk earmarked for date trade advancement — the type of prudent reinvestment this is anticipated to generate important long-term cost origination. As we start to harvest returns from prior investments, we undertaking a considerable development in full-year 2025 coins supplied through operations. This development is anticipated to be offset through expected capital investments, make happen a decrease utility of money sooner than financing when compared with 2024. In 2026, we think a utility of money sooner than financing related to 2025.

Our conservative method to keeping up a robust capital construction and running self-discipline minimizes chance, era the compounding impact of a rising portfolio of long-term words and planned expansion investments manufacture a strong understructure for coins current expansion. With a standpoint that spans a long time, we’re methodically construction a robust, strong trade this is anticipated to bring annuity-like returns. This long-term view lets in us to leverage our core abilities for strategic, gradual growth and pursue alternatives with longer-term horizons and better returns, that others with shorter pace horizons would possibly put out of your mind. Our loyalty is to generate expanding coins flows and go back cost to stockholders, whether or not via reinvestment for expansion or direct returns similar to proportion repurchases and cost of dividends. We stay assured in our talent to pressure expansion, extend our functions and praise shareholders over the long term.

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Convention Name

Along with this information loose, the control of NACCO Industries will host a convention name on Thursday, November 6, 2025 at 8:30 a.m. Jap Hour. The decision could also be accessed through dialing (888) 880-3330 (North The usa Toll Sovereign) or (646) 357-8766 (World), Convention ID: 7284609, or over the Web via NACCO Industries’ web site at ir.nacco.com/overview. For the ones now not making plans to invite a query of control, the Corporate recommends taking note of the decision by means of the web webcast. Please permit quarter-hour to sign in, obtain and set up any vital audio tool required to hear the webcast. A replay of the decision shall be to be had in a while later the decision ends via November 13, 2025. An archive of the webcast may also be to be had at the Corporate’s web site roughly two hours later the reside name ends.

Non-GAAP and Alternative Measures

This loose accommodates non-GAAP monetary measures throughout the that means of Law G promulgated through the Securities and Alternate Fee. Integrated on this loose are reconciliations of those non-GAAP monetary measures to probably the most at once related monetary measures calculated in line with U.S. in most cases accredited accounting ideas (GAAP). EBITDA and Section Adjusted EBITDA are supplied only as supplemental non-GAAP disclosures of running effects. Control believes that EBITDA and Section Adjusted EBITDA lend a hand traders in figuring out the result of operations of NACCO Industries. As well as, control evaluates effects the use of those non-GAAP measures.

Ahead-looking Statements Disclaimer

The statements contained on this information loose that aren’t historic details are forward-looking statements throughout the that means of Category 27A of the Securities Business of 1933 and Category 21E of the Securities Alternate Business of 1934. Those forward-looking statements are made matter to positive dangers and uncertainties, which might purpose original effects to vary materially from the ones offered. Readers are cautioned to not playground undue reliance on those forward-looking statements, which discuss best as of the while hereof. The Corporate undertakes incorrect legal responsibility to publicly revise those forward-looking statements to replicate occasions or cases that stand later the while hereof. A few of the components that would purpose plans, movements and effects to vary materially from flow expectancies are, with out limitation: (1) a vital relief in call for through the Corporate’s consumers, (2) climate statuses, prolonged energy plant outages, liquidity occasions or alternative occasions that may alternate the extent of consumers’ coal or aggregates necessities, (3) adjustments to or termination of purchaser or alternative third-party words, or a buyer or alternative 0.33 get together default beneath a pledge, (4) adjustments within the costs of hydrocarbons, in particular diesel gasoline, herbal fuel, herbal fuel liquids and oil on account of components similar to OPEC and/or govt movements, geopolitical traits, financial statuses and regulatory adjustments, car electrification, in addition to provide and insist dynamics, (5) adjustments in advancement plans through third-party lessees of the Corporate’s mineral pursuits, (6) failure or delays through the Corporate’s lessees in attaining anticipated manufacturing of herbal fuel and alternative hydrocarbons; the supply and value of transportation and processing services and products within the fields the place the Corporate’s oil and fuel reserves are positioned; and the facility of lessees to procure capital or financing wanted for well-development operations and leasing and advancement of oil and fuel reserves on federal lands, (7) any buyer’s untimely facility closure or prolonged undertaking advancement prolong, (8) federal and shape legislative and regulatory movements affecting fossil fuels, (9) provide chain disruptions, together with worth will increase and shortages of portions and fabrics, inclusive of tariff results, (10) failure to procure enough insurance coverage coverages at affordable charges, (11) adjustments in tax regulations or regulatory necessities, together with the removal of, or relief in, the proportion depletion tax deduction, adjustments in mining or energy plant emission rules and fitness, protection or environmental law, (12) impairment fees, (13) adjustments in prices indistinguishable to geological and geotechnical statuses, maintenance and upkeep, brandnew apparatus and alternative portions, gasoline or alternative matching pieces, (14) apparatus issues that would impact deliveries to consumers, (15) adjustments within the prices to reclaim mining fields, (16) prices to pursue and form brandnew mining, mitigation, oil and fuel and gear presen advancement alternatives and alternative value-added carrier alternatives, (17) the facility to effectively evaluation investments and succeed in supposed monetary ends up in brandnew trade and expansion tasks, (18) disruptions from herbal or human reasons, together with unpleasant climate, injuries, fires, earthquakes and terrorist acts, any of which might lead to abeyance of operations or hurt to society or the atmosphere, and (19) the facility to draw, book, and exchange personnel and administrative workers.

About NACCO Industries

NACCO Industries^® brings herbal sources to moment through turning in aggregates, minerals, decent fuels and environmental answers via its tough portfolio of NACCO Herbal Sources companies. Be informed extra about our corporations at nacco.com, or get investor knowledge at ir.nacco.com.

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SOURCE NACCO Industries