Ramaco Resources reports Q4 net loss $14.7M, rare earths flowsheet breakthrough

Ramaco Resources, Inc.

2025-FY EPS reported -$0.99 revenue$536,618,000

Q4 net loss $14.7M, diluted Class A EPS $(0.26); Adj. EBITDA $8.9M.
Full-year revenue $536.6M down 19% YoY; net loss $51.4M vs $11.2M profit in 2024.
Record liquidity $521M up 275% YoY; Class B stock dividend $0.1489/share payable in stock.
Rare earths: new carbochlorination flowsheet; expects revised PEA mid-2026, PFS late 2026.
2026 met coal guidance: sales 4.1-4.5M tons, cash cost $95-100/ton, capex $85-90M.

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