{"id":18519,"date":"2023-11-10T07:00:27","date_gmt":"2023-11-10T12:00:27","guid":{"rendered":"http:\/\/www.neomaterials.com\/?p=18519"},"modified":"2024-04-16T17:51:21","modified_gmt":"2024-04-16T21:51:21","slug":"neo-performance-materials-reports-third-quarter-2023-results","status":"publish","type":"post","link":"https:\/\/www.neomaterials.com\/neo-performance-materials-reports-third-quarter-2023-results\/","title":{"rendered":"Neo Performance Materials Reports Third Quarter 2023 Results"},"content":{"rendered":"<p class=\"prntac\" style=\"text-align: center;\"><b><span style=\"font-size: 14pt;\">Q3 2023 Highlights<\/span><br \/>\n<\/b><span style=\"font-size: 10pt;\"><i>(unless otherwise noted, all financial amounts in this news release are expressed in United States dollars)<\/i><\/span><\/p>\n<p>&nbsp;<\/p>\n<ul type=\"disc\">\n<li>Q3 2023 revenue of $136.9 million, lower by 6.6% YoY.<\/li>\n<li>Operating income of $7.0 million in the quarter.<\/li>\n<li>Adjusted Net Income<sup>(1)<\/sup>\u00a0of $4.0 million in the quarter, or $0.09 per share.<\/li>\n<li>Adjusted EBITDA<sup>(1)<\/sup>\u00a0of $13.2 million in the quarter, higher by 87.1% YoY.<\/li>\n<li>Cash balance of $113.4 million, after funding acquisitions and investments of $16.4 million, distributing $10.1 million in dividends to its shareholders, and repurchasing $16.7 million of shares under the Normal Course Issuer Bid (the &#8220;<b>NCIB<\/b>&#8220;).<\/li>\n<li>A quarterly dividend of Cdn$0.10 per common share was declared on November 9, 2023 for shareholders of record at December 18, 2023, with a payment date of December 28, 2023.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><span class=\"legendSpanClass\">TORONTO<\/span>,\u00a0<span class=\"legendSpanClass\">Nov. 10, 2023<\/span>\u00a0\/CNW\/ &#8211; Neo Performance Materials Inc. (&#8220;<b>Neo<\/b>&#8220;) (<strong>TSX: NEO<\/strong>) released its third quarter 2023 financial results. The financial statements and management&#8217;s discussion and analysis (&#8220;<b>MD&amp;A<\/b>&#8220;) of these results can be viewed on Neo&#8217;s web site at\u00a0<a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=4022441-1&amp;h=3715862296&amp;u=http%3A%2F%2Fwww.neomaterials.com%2Finvestors%2F&amp;a=www.neomaterials.com%2Finvestors%2F\" target=\"_blank\" rel=\"noopener\">www.neomaterials.com\/investors\/<\/a>\u00a0and on SEDAR at\u00a0<a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=4022441-1&amp;h=604677229&amp;u=http%3A%2F%2Fwww.sedar.com%2F&amp;a=www.sedar.com\" target=\"_blank\" rel=\"noopener\">www.sedar.com<\/a>.<\/p>\n<p>&#8220;I am pleased with the direction of our third quarter results as the underlying impact of a more stable rare earth pricing environment validates what the normalized earning power of Neo looks like,&#8221; said Rahim Suleman, President and CEO of Neo. &#8220;During the quarter, we saw rare earth prices near bottom and show signs of a steady strengthening which we have seen continue in the current quarter. Combined with continued positive customer sentiment in Neo&#8217;s key end markets, this provides us with confidence in the stability and improving trends in markets and more stable pricing and improved volumes.&#8221;<\/p>\n<p>&#8220;Our sintered magnet plant construction in Estonia is on track, and we look forward to emerging as the first major producer of rare earth permanent magnets for electrified vehicles and wind energy in Europe,&#8221; Mr. Suleman added.\u00a0 &#8220;Positioning Neo to be able to deliver permanent magnets where and when our customers want them is critical to Neo and our customers.&#8221;<\/p>\n<div>\n<div class=\"divOverflow\">\n<div class=\"table-responsive\"><\/div>\n<\/div>\n<\/div>\n<p><b>HIGHLIGHTS OF Q3 2023 CONSOLIDATED PERFORMANCE<\/b><\/p>\n<p>For the three months ended September 30, 2023, consolidated revenue was $136.9 million compared to $146.6 million for the same period in the prior year; a decrease of $9.7 million or 6.6%.\u00a0 Neo reported net income of $3.1 million, or $0.07 per share, compared to net loss of $3.8 million, or $0.09 per share, in the same period of 2022.\u00a0 Adjusted Net Income<sup>(1)<\/sup>\u00a0totaled $4.0 million, or $0.09 per share, compared to Adjusted Net Loss<sup>(1)\u00a0<\/sup>of $1.9 million, or $0.04 per share, in the corresponding period of the prior year.\u00a0 Adjusted EBITDA<sup>(1)<\/sup>\u00a0was $13.2 million, an improvement of 87.1% compared to Adjusted EBITDA<sup>(1)<\/sup>\u00a0of $7.0 million in the third quarter of 2022.<\/p>\n<p>As at September\u00a030, 2023, Neo had cash and cash equivalents of $113.4 million plus restricted cash of $3.2 million, compared to $147.5 million plus $1.2 million as at December 31, 2022.<\/p>\n<p>&nbsp;<\/p>\n<p><b><br \/>\nSELECTED FINANCIAL RESULTS<\/b><\/p>\n<div>\n<div class=\"divOverflow\">\n<div class=\"table-responsive\">\n<table class=\"prnbcc\" border=\"0\" cellspacing=\"0\" cellpadding=\"1\">\n<tbody>\n<tr>\n<td class=\"prngen3\" colspan=\"5\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>TABLE 1: Selected Consolidated Results<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prnpr10 prnpl2 prnvab prnbbbs\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen5\" style=\"text-align: center;\" colspan=\"2\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\"><b><i>Quarter-over-Quarter<br \/>\nComparison<\/i><\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen3\" style=\"text-align: center;\" colspan=\"2\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\"><b><i>Year-over-Year<br \/>\nComparison<\/i><\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\"><i>($000s)<\/i><\/span><\/p>\n<\/td>\n<td class=\"prnpr2 prnpl2 prnvab prntal prnbbbs\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\"><b>Q3 2023<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen3\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\"><b>Q3 2022<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen3\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\"><b>YTD Q3 2023<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen3\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\"><b>YTD Q3 2022<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">Revenue<\/span><\/p>\n<\/td>\n<td class=\"prngen7\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">136,917<\/span><\/p>\n<\/td>\n<td class=\"prngen7\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">146,627<\/span><\/p>\n<\/td>\n<td class=\"prngen7\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">442,877<\/span><\/p>\n<\/td>\n<td class=\"prngen7\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">481,130<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">Operating income<\/span><\/p>\n<\/td>\n<td class=\"prngen7\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">6,959<\/span><\/p>\n<\/td>\n<td class=\"prngen7\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">2,239<\/span><\/p>\n<\/td>\n<td class=\"prngen7\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">16,637<\/span><\/p>\n<\/td>\n<td class=\"prngen7\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">51,887<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">EBITDA<sup>(1)<\/sup><\/span><\/p>\n<\/td>\n<td class=\"prngen7\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">11,053<\/span><\/p>\n<\/td>\n<td class=\"prngen7\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">5,460<\/span><\/p>\n<\/td>\n<td class=\"prngen7\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">24,493<\/span><\/p>\n<\/td>\n<td class=\"prngen7\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">66,068<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">Adjusted EBITDA<sup>(1)<\/sup><\/span><\/p>\n<\/td>\n<td class=\"prngen7\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">13,160<\/span><\/p>\n<\/td>\n<td class=\"prngen7\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">7,034<\/span><\/p>\n<\/td>\n<td class=\"prngen7\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">34,122<\/span><\/p>\n<\/td>\n<td class=\"prngen7\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">66,607<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">Adjusted EBITDA %<sup>(1)<\/sup><\/span><\/p>\n<\/td>\n<td class=\"prngen8\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">9.6\u00a0%<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">4.8\u00a0%<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">7.7\u00a0%<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">13.8\u00a0%<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<\/div>\n<div>\n<div class=\"divOverflow\">\n<div class=\"table-responsive\">\n<table class=\"prnbcc\" border=\"0\" cellspacing=\"0\" cellpadding=\"1\">\n<tbody>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 8pt;\"><i><sup>(1)<\/sup><\/i><i>Neo reports non-IFRS measures such as &#8220;Adjusted Net Income&#8221;, &#8220;Adjusted Earnings per Share&#8221;, &#8220;Adjusted EBITDA&#8221;, &#8220;Adjusted EBITDA Margin&#8221; and &#8220;EBITDA&#8221;. Please see information on this and other non-IFRS measures in the &#8220;Non-IFRS Measures&#8221; section of this news release and in the MD&amp;A.<\/i><\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<\/div>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p><b>MAGNEQUENCH SEGMENT RESULTS<\/b><\/p>\n<p>&nbsp;<\/p>\n<div>\n<div class=\"divOverflow\">\n<div class=\"table-responsive\">\n<table class=\"prnbcc\" border=\"0\" cellspacing=\"0\" cellpadding=\"1\">\n<tbody>\n<tr>\n<td class=\"prngen3\" colspan=\"5\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>TABLE 2: Selected Magnequench Results<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen5\" style=\"text-align: center;\" colspan=\"2\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\"><b><i>Quarter-over-Quarter<br \/>\nComparison<\/i><\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen5\" style=\"text-align: center;\" colspan=\"2\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\"><b><i>Year-over-Year<br \/>\nComparison<\/i><\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen3\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\"><b>Q3 2023<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen3\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\"><b>Q3 2022<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen3\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\"><b>YTD Q3 2023<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen3\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\"><b>YTD Q3 2022<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">Volume (tonnes)<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">1,389<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">1,097<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">3,413<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">3,620<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\"><i>($000s)<\/i><\/span><\/p>\n<\/td>\n<td class=\"prngen3\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen3\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen3\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen3\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">Revenue<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">54,414<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">67,402<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">158,908<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">219,828<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">Operating income<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">2,911<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">4,897<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">4,943<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">27,995<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">EBITDA<sup>(1)<\/sup><\/span><\/p>\n<\/td>\n<td class=\"prngen8\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">4,477<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">6,345<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">9,116<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">35,814<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">Adjusted EBITDA<sup>(1)<\/sup><\/span><\/p>\n<\/td>\n<td class=\"prngen8\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">6,042<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">7,282<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">15,199<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">35,384<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<\/div>\n<div>\n<div class=\"divOverflow\">\n<div class=\"table-responsive\">\n<table class=\"prnbcc\" border=\"0\" cellspacing=\"0\" cellpadding=\"1\">\n<tbody>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 8pt;\"><i><sup>(1)<\/sup><\/i><i>Neo reports non-IFRS measures such as &#8220;Adjusted Net Income&#8221;, &#8220;Adjusted Earnings per Share&#8221;, &#8220;Adjusted EBITDA&#8221;, &#8220;Adjusted EBITDA Margin&#8221; and &#8220;EBITDA&#8221;. Please see information on this and other non-IFRS measures in the &#8220;Non-IFRS Measures&#8221; section of this news release and in the MD&amp;A.<\/i><\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<\/div>\n<p>&nbsp;<\/p>\n<p>Magnequench revenue in the third quarter declined by about 19.3% compared to the prior year period, due to substantially lower pass-through prices for magnetic rare earth elements.\u00a0 Volumes improved compared to the prior year period, although the permanent magnet industry remains slow in the near-term. Adjusted EBITDA as a percentage of revenue expanded slightly in the quarter.<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p><b>CHEMICALS &amp; OXIDES (&#8220;C&amp;O&#8221;) SEGMENT RESULTS<\/b><\/p>\n<p>&nbsp;<\/p>\n<div>\n<div class=\"divOverflow\">\n<div class=\"table-responsive\">\n<table class=\"prnbcc\" style=\"width: 80.165%;\" border=\"0\" cellspacing=\"0\" cellpadding=\"1\">\n<tbody>\n<tr>\n<td class=\"prngen3\" colspan=\"5\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>TABLE 3: Selected C&amp;O Results<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prnpr4 prnpl2 prnvab prnsbtb0 prnrbrb0 prnsbbb0 prnsblb0\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen12\" style=\"text-align: right;\" colspan=\"2\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\"><b><i>Quarter-over-Quarter<br \/>\nComparison<\/i><\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen12\" style=\"text-align: right;\" colspan=\"2\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\"><b><i>Year-over-Year<\/i><\/b><\/span><\/p>\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\"><b><i>Comparison<\/i><\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\"><i>($000s)<\/i><\/span><\/p>\n<\/td>\n<td class=\"prngen5\" style=\"text-align: right;\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\"><b>Q3 2023<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen5\" style=\"text-align: right;\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\"><b>Q3 2022<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen5\" style=\"text-align: right;\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\"><b>YTD Q3 2023<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen13\" style=\"text-align: right;\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\"><b>YTD Q3 2022<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">Revenue<\/span><\/p>\n<\/td>\n<td class=\"prngen14\" style=\"text-align: right;\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">57,812<\/span><\/p>\n<\/td>\n<td class=\"prngen14\" style=\"text-align: right;\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">52,231<\/span><\/p>\n<\/td>\n<td class=\"prngen14\" style=\"text-align: right;\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">180,377<\/span><\/p>\n<\/td>\n<td class=\"prngen14\" style=\"text-align: right;\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">189,244<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">Operating income (loss)<\/span><\/p>\n<\/td>\n<td class=\"prngen14\" style=\"text-align: right;\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">6,068<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" style=\"text-align: right;\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">(5,298)<\/span><\/p>\n<\/td>\n<td class=\"prngen14\" style=\"text-align: right;\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">1,466<\/span><\/p>\n<\/td>\n<td class=\"prngen14\" style=\"text-align: right;\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">21,324<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">EBITDA<sup>(1)<\/sup><\/span><\/p>\n<\/td>\n<td class=\"prngen14\" style=\"text-align: right;\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">6,958<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" style=\"text-align: right;\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">(3,231)<\/span><\/p>\n<\/td>\n<td class=\"prngen14\" style=\"text-align: right;\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">4,053<\/span><\/p>\n<\/td>\n<td class=\"prngen14\" style=\"text-align: right;\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">26,490<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">Adjusted EBITDA<sup>(1)<\/sup><\/span><\/p>\n<\/td>\n<td class=\"prngen14\" style=\"text-align: right;\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">7,737<\/span><\/p>\n<\/td>\n<td class=\"prngen8\" style=\"text-align: right;\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">(3,863)<\/span><\/p>\n<\/td>\n<td class=\"prngen14\" style=\"text-align: right;\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">6,088<\/span><\/p>\n<\/td>\n<td class=\"prngen14\" style=\"text-align: right;\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">25,710<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<\/div>\n<div>\n<div class=\"divOverflow\">\n<div class=\"table-responsive\">\n<table class=\"prnbcc\" style=\"width: 100%; height: 126px;\" border=\"0\" cellspacing=\"0\" cellpadding=\"1\">\n<tbody>\n<tr style=\"height: 102px;\">\n<td class=\"prngen2\" style=\"height: 102px;\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 8pt;\"><i><sup>(1)<\/sup><\/i><i>Neo reports non-IFRS measures such as &#8220;Adjusted Net Income&#8221;, &#8220;Adjusted Earnings per Share&#8221;, &#8220;Adjusted EBITDA&#8221;, &#8220;Adjusted EBITDA Margin&#8221; and &#8220;EBITDA&#8221;. Please see information on this and other non-IFRS measures in the &#8220;Non-IFRS Measures&#8221; section of this news release and in the MD&amp;A.<\/i><\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<\/div>\n<p>&nbsp;<\/p>\n<p>C&amp;O revenue improved by 10.7% during the three months ended September 30, 2023, driven by a net improved product mix and improved volumes, despite a substantially lower rare earth price environment.\u00a0 C&amp;O dynamics were mixed with rare earth pricing for neodymium and praseodymium elements continuing to face pricing headwinds offset by strong performance in high purity dysprosium.\u00a0 The dysprosium volumes were related to the higher-value, multi-layer ceramic capacitor (&#8220;<b>MLCC<\/b>&#8220;) market as opposed to the standard grade dysprosium which pertains to the magnetics market.\u00a0 C&amp;O&#8217;s environmental emissions catalyst business also showed strong volumes as China recovered from a slower first quarter of 2023.\u00a0 Adjusted EBITDA during the quarter strongly benefited from improved pricing lead-lag dynamics in the rare earth separations business (using historical cost inventory with current sales prices).<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p><b>RARE METALS SEGMENT RESULTS<\/b><\/p>\n<p>&nbsp;<\/p>\n<div>\n<div class=\"divOverflow\">\n<div class=\"table-responsive\">\n<table class=\"prnbcc\" border=\"0\" cellspacing=\"0\" cellpadding=\"1\">\n<tbody>\n<tr>\n<td class=\"prngen9\" colspan=\"5\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\"><b>TABLE 4: Selected Rare Metals Results<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen3\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen5\" style=\"text-align: right;\" colspan=\"2\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\"><b><i>Quarter-over-Quarter<br \/>\nComparison<\/i><\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen5\" style=\"text-align: right;\" colspan=\"2\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\"><b><i>Year-over-Year Comparison<\/i><\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\"><i>($000s)<\/i><\/span><\/p>\n<\/td>\n<td class=\"prngen12\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\"><b>Q3 2023<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen12\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\"><b>Q3 2022<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen12\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\"><b>YTD Q3 2023<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen12\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\"><b>YTD Q3 2022<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">Revenue<\/span><\/p>\n<\/td>\n<td class=\"prngen15\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">25,976<\/span><\/p>\n<\/td>\n<td class=\"prngen15\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">31,567<\/span><\/p>\n<\/td>\n<td class=\"prngen15\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">104,877<\/span><\/p>\n<\/td>\n<td class=\"prngen15\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">86,521<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">Operating income<\/span><\/p>\n<\/td>\n<td class=\"prngen15\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">2,749<\/span><\/p>\n<\/td>\n<td class=\"prngen15\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">5,199<\/span><\/p>\n<\/td>\n<td class=\"prngen15\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">25,267<\/span><\/p>\n<\/td>\n<td class=\"prngen15\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">13,186<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">EBITDA<sup>(1)<\/sup><\/span><\/p>\n<\/td>\n<td class=\"prngen15\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">4,349<\/span><\/p>\n<\/td>\n<td class=\"prngen15\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">6,587<\/span><\/p>\n<\/td>\n<td class=\"prngen15\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">26,665<\/span><\/p>\n<\/td>\n<td class=\"prngen15\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">16,457<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">Adjusted EBITDA<sup>(1)<\/sup><\/span><\/p>\n<\/td>\n<td class=\"prngen15\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">3,293<\/span><\/p>\n<\/td>\n<td class=\"prngen15\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">5,797<\/span><\/p>\n<\/td>\n<td class=\"prngen15\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">26,407<\/span><\/p>\n<\/td>\n<td class=\"prngen15\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">15,312<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<\/div>\n<div>\n<div class=\"divOverflow\">\n<div class=\"table-responsive\">\n<table class=\"prnbcc\" border=\"0\" cellspacing=\"0\" cellpadding=\"1\">\n<tbody>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 8pt;\"><i><sup>(1)<\/sup><\/i><i>Neo reports non-IFRS measures such as &#8220;Adjusted Net Income&#8221;, &#8220;Adjusted Earnings per Share&#8221;, &#8220;Adjusted EBITDA&#8221;, &#8220;Adjusted EBITDA Margin&#8221; and &#8220;EBITDA&#8221;. Please see information on this and other non-IFRS measures in the &#8220;Non-IFRS Measures&#8221; section of this news release and in the MD&amp;A.<\/i><\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<\/div>\n<p>&nbsp;<\/p>\n<p>Rare Metals reported 17.7% lower revenue during the third quarter, although continued to report very strong earnings through the first nine months of 2023.\u00a0 The segment delivered healthy margin performance driven by strength in Hafnium pricing and demand. The upward trend in Hafnium prices which began in the fourth quarter of 2021 has continued throughout the third quarter of 2023 with an increase of over 30% during the three months ended September 30, 2023. The recycling purchases and activities of Rare Metals were particularly impactful to maintaining and growing margins as prices for scrap material purchased in the quarter did not rise as fast as selling prices for finished goods.<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p><b>CONFERENCE CALL ON FRIDAY NOVEMBER 10, 2023 AT 10 AM EASTERN<\/b><\/p>\n<p>Management will host a teleconference call on Friday, November 10, 2023 at 10:00 a.m. (Eastern Time) to discuss the third quarter 2023 results.\u00a0 Interested parties may access the teleconference by calling (416) 764-8650 (local) or (888) 664-6383 (toll free long distance) or by visiting\u00a0<u><a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=4022441-1&amp;h=1775669667&amp;u=https%3A%2F%2Fapp.webinar.net%2Fpm932Ea2GDY&amp;a=https%3A%2F%2Fapp.webinar.net%2Fpm932Ea2GDY\" target=\"_blank\" rel=\"noopener\">https:\/\/app.webinar.net\/pm932Ea2GDY<\/a><\/u>.\u00a0 A recording of the teleconference may be accessed by calling (416) 764-8677 (local) or (888) 390-0541 (toll free long distance), and entering pass code 418328# until December 10, 2023.<\/p>\n<p>&nbsp;<\/p>\n<p><b>NON-IFRS MEASURES<\/b><\/p>\n<p>This news release refers to certain non-IFRS financial measures and ratios such as &#8220;Adjusted Net Income&#8221;, &#8220;EBITDA&#8221;, &#8220;Adjusted EBITDA&#8221;, and &#8220;Adjusted EBITDA Margin&#8221;.\u00a0 These measures and ratios are not recognized measures under IFRS, do not have a standardized meaning prescribed by IFRS, and may not be comparable to similar measures presented by other companies. Rather, these measures and ratios are provided as additional information to complement IFRS financial measures by providing further understanding of Neo&#8217;s results of operations from management&#8217;s perspective. Neo&#8217;s definitions of non-IFRS measures used in this news release may not be the same as the definitions for such measures used by other companies in their reporting.\u00a0 Non-IFRS measures and ratios have limitations as analytical tools and should not be considered in isolation nor as a substitute for analysis of Neo&#8217;s financial information reported under IFRS.\u00a0 Neo uses non-IFRS financial measures and ratios to provide investors with supplemental measures of its base-line operating performance and to eliminate items that have less bearing on operating performance or operating conditions and thus highlight trends in its core business that may not otherwise be apparent when relying solely on IFRS financial measures.\u00a0 Neo believes that securities analysts, investors and other interested parties frequently use non-IFRS financial measures and ratios in the evaluation of issuers.\u00a0 Neo&#8217;s management also uses non-IFRS financial measures to facilitate operating performance comparisons from period to period. For definitions of how Neo defines such financial measures and ratios, please see the &#8220;Non-IFRS Financial Measures&#8221; section of Neo&#8217;s management&#8217;s discussion and analysis filing for the three and nine months ended September 30, 2023, available on Neo&#8217;s web site at www.neomaterials.com and on SEDAR at www.sedar.com.<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p><b>TABLE 5: CONSOLIDATED STATEMENTS OF FINANCIAL POSITION<\/b><\/p>\n<p>&nbsp;<\/p>\n<div>\n<div class=\"divOverflow\">\n<div class=\"table-responsive\">\n<table class=\"prnbcc\" border=\"0\" cellspacing=\"0\" cellpadding=\"1\">\n<tbody>\n<tr>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\"><i>($000s)<\/i><\/span><\/p>\n<\/td>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen13\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\"><b>September 30,<br \/>\n2023<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen16\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen13\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\"><b>December 31,<br \/>\n2022<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\"><b>ASSETS<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen16\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen16\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen16\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\"><b>Current<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen16\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen16\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen16\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">Cash and cash equivalents<\/span><\/p>\n<\/td>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen17\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 113,419<\/span><\/p>\n<\/td>\n<td class=\"prngen16\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen17\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 147,491<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">Restricted cash<\/span><\/p>\n<\/td>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen17\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">3,207<\/span><\/p>\n<\/td>\n<td class=\"prngen16\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen17\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">1,179<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">Accounts receivable<\/span><\/p>\n<\/td>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen17\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">71,017<\/span><\/p>\n<\/td>\n<td class=\"prngen16\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen17\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">81,409<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">Inventories<\/span><\/p>\n<\/td>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen17\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">197,173<\/span><\/p>\n<\/td>\n<td class=\"prngen16\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen17\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">212,702<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">Income taxes receivable<\/span><\/p>\n<\/td>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen17\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">1,080<\/span><\/p>\n<\/td>\n<td class=\"prngen16\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen17\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">355<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">Assets held for sale<\/span><\/p>\n<\/td>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen17\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">66<\/span><\/p>\n<\/td>\n<td class=\"prngen16\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen17\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">\u2014<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">Other current assets<\/span><\/p>\n<\/td>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen18\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">21,106<\/span><\/p>\n<\/td>\n<td class=\"prngen16\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen18\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">23,279<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\"><b>Total current assets<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen18\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\"><b>407,068<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen16\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen18\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\"><b>466,415<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">Property, plant and equipment<\/span><\/p>\n<\/td>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen17\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">96,032<\/span><\/p>\n<\/td>\n<td class=\"prngen16\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen17\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">75,767<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">Intangible assets<\/span><\/p>\n<\/td>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen17\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">38,571<\/span><\/p>\n<\/td>\n<td class=\"prngen16\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen17\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">42,984<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">Goodwill<\/span><\/p>\n<\/td>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen17\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">64,023<\/span><\/p>\n<\/td>\n<td class=\"prngen16\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen17\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">66,042<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">Investments<\/span><\/p>\n<\/td>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen17\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">16,942<\/span><\/p>\n<\/td>\n<td class=\"prngen16\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen17\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">16,363<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">Deferred tax assets<\/span><\/p>\n<\/td>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen17\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">7,707<\/span><\/p>\n<\/td>\n<td class=\"prngen16\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen17\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">6,956<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">Other non-current assets<\/span><\/p>\n<\/td>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen18\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">1,184<\/span><\/p>\n<\/td>\n<td class=\"prngen16\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen18\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">1,933<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\"><b>Total non-current assets<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen18\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\"><b>224,459<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen16\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen18\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\"><b>210,045<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\"><b>Total assets<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen18\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\"><b>$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 631,527<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen16\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen18\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\"><b>$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 676,460<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen16\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen16\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen16\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\"><b>LIABILITIES AND EQUITY<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen16\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen16\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen16\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\"><b>Current<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen16\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen16\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen16\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">Bank advances and other short-term debt<\/span><\/p>\n<\/td>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen17\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 \u2014<\/span><\/p>\n<\/td>\n<td class=\"prngen16\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen17\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 17,288<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">Accounts payable and other accrued charges<\/span><\/p>\n<\/td>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen17\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">70,303<\/span><\/p>\n<\/td>\n<td class=\"prngen16\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen17\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">69,093<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">Income taxes payable<\/span><\/p>\n<\/td>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen17\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">9,846<\/span><\/p>\n<\/td>\n<td class=\"prngen16\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen17\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">10,033<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">Provisions<\/span><\/p>\n<\/td>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen17\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">1,200<\/span><\/p>\n<\/td>\n<td class=\"prngen16\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen17\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">1,369<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">Lease obligations<\/span><\/p>\n<\/td>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen17\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">1,500<\/span><\/p>\n<\/td>\n<td class=\"prngen16\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen17\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">1,264<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">Derivative liability<\/span><\/p>\n<\/td>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen17\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">36,492<\/span><\/p>\n<\/td>\n<td class=\"prngen16\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen17\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">28,570<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">Current portion of long-term debt<\/span><\/p>\n<\/td>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen17\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">2,406<\/span><\/p>\n<\/td>\n<td class=\"prngen16\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen17\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">747<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">Other current liabilities<\/span><\/p>\n<\/td>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen18\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">671<\/span><\/p>\n<\/td>\n<td class=\"prngen16\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen18\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">278<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\"><b>Total current liabilities<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen17\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\"><b>122,418<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen16\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen17\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\"><b>128,642<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">Long term debt<\/span><\/p>\n<\/td>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen17\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">22,844<\/span><\/p>\n<\/td>\n<td class=\"prngen16\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen17\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">29,885<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">Employee benefits<\/span><\/p>\n<\/td>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen17\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">454<\/span><\/p>\n<\/td>\n<td class=\"prngen16\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen17\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">489<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">Derivative liability<\/span><\/p>\n<\/td>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen17\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">1,858<\/span><\/p>\n<\/td>\n<td class=\"prngen16\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen17\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">\u2014<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">Provisions<\/span><\/p>\n<\/td>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen17\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">24,967<\/span><\/p>\n<\/td>\n<td class=\"prngen16\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen17\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">23,604<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">Deferred tax liabilities<\/span><\/p>\n<\/td>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen17\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">16,108<\/span><\/p>\n<\/td>\n<td class=\"prngen16\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen17\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">13,942<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">Lease obligations<\/span><\/p>\n<\/td>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen17\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">3,259<\/span><\/p>\n<\/td>\n<td class=\"prngen16\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen17\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">813<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">Other non-current liabilities<\/span><\/p>\n<\/td>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen18\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">3,325<\/span><\/p>\n<\/td>\n<td class=\"prngen16\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen18\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">1,442<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\"><b>Total non-current liabilities<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen18\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\"><b>72,815<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen16\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen18\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\"><b>70,175<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\"><b>Total liabilities<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen18\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\"><b>195,233<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen16\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen18\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\"><b>198,817<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">Non-controlling interest<\/span><\/p>\n<\/td>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen17\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">2,906<\/span><\/p>\n<\/td>\n<td class=\"prngen16\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen17\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">3,193<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">Equity attributable to equity holders of Neo Performance Materials Inc.<\/span><\/p>\n<\/td>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen18\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">433,388<\/span><\/p>\n<\/td>\n<td class=\"prngen16\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen18\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">474,450<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\"><b>Total equity<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen18\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\"><b>436,294<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen16\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen18\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\"><b>477,643<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\"><b>Total liabilities and equity<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen18\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\"><b>$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 631,527<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen16\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen18\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\"><b>$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 676,460<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<\/div>\n<div>\n<div class=\"divOverflow\">\n<div class=\"table-responsive\">\n<table class=\"prnbcc\" border=\"0\" cellspacing=\"0\" cellpadding=\"1\">\n<tbody>\n<tr>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\"><i>See accompanying notes to this table in Neo&#8217;s Consolidated Financial Statements for the Three and Nine Months Ended September 30, 2023, available on Neo&#8217;s website at\u00a0<a class=\"prnews_a\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=4022441-1&amp;h=4092143359&amp;u=http%3A%2F%2Fwww.neomaterials.com%2F&amp;a=www.neomaterials.com\" target=\"_blank\" rel=\"noopener\">www.neomaterials.com<\/a>\u00a0and on SEDAR at\u00a0<a class=\"prnews_a\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=4022441-1&amp;h=604677229&amp;u=http%3A%2F%2Fwww.sedar.com%2F&amp;a=www.sedar.com\" target=\"_blank\" rel=\"noopener\">www.sedar.com<\/a>.<\/i><\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<\/div>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p><b>TABLE 6: CONSOLIDATED RESULTS OF OPERATIONS<\/b><\/p>\n<p><i>Comparison of the three and nine months ended September 30, 2023 to the three and nine months ended September 30, 2022:<\/i><\/p>\n<p>&nbsp;<\/p>\n<div>\n<div class=\"divOverflow\">\n<div class=\"table-responsive\">\n<table class=\"prnbcc\" border=\"0\" cellspacing=\"0\" cellpadding=\"1\">\n<tbody>\n<tr>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\"><i>($000s)<\/i><\/span><\/p>\n<\/td>\n<td class=\"prngen19\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen13\" style=\"text-align: center;\" colspan=\"3\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\"><b>Three Months Ended<br \/>\nSeptember 30,<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen19\" style=\"text-align: center;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen13\" style=\"text-align: center;\" colspan=\"3\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\"><b>Nine Months Ended<br \/>\nSeptember 30,<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen19\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen19\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen20\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\"><b>2023<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen21\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen22\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\"><b>2022<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen19\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen20\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\"><b>2023<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen21\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen22\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\"><b>2022<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\"><b>Revenue<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen19\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen23\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 136,917<\/span><\/p>\n<\/td>\n<td class=\"prngen19\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen23\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 146,627<\/span><\/p>\n<\/td>\n<td class=\"prngen19\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen23\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">$\u00a0\u00a0\u00a0\u00a0\u00a0 442,877<\/span><\/p>\n<\/td>\n<td class=\"prngen19\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen23\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">$\u00a0\u00a0\u00a0\u00a0\u00a0 481,130<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\"><b>Cost of sales<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen19\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen19\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen19\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen19\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen19\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen19\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen19\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen19\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml10\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">Cost excluding depreciation and amortization<\/span><\/p>\n<\/td>\n<td class=\"prngen19\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen23\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">106,255<\/span><\/p>\n<\/td>\n<td class=\"prngen19\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen23\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">120,137<\/span><\/p>\n<\/td>\n<td class=\"prngen19\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen23\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">355,465<\/span><\/p>\n<\/td>\n<td class=\"prngen19\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen23\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">356,249<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml10\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">Depreciation and amortization<\/span><\/p>\n<\/td>\n<td class=\"prngen19\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen24\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">2,674<\/span><\/p>\n<\/td>\n<td class=\"prngen19\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen24\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">2,279<\/span><\/p>\n<\/td>\n<td class=\"prngen19\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen24\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">7,210<\/span><\/p>\n<\/td>\n<td class=\"prngen19\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen24\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">7,045<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\"><b>Gross profit<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen19\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen23\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\"><b>27,988<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen19\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen23\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\"><b>24,211<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen19\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen23\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\"><b>80,202<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen19\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen23\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\"><b>117,836<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\"><b>Expenses<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen19\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen19\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen19\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen19\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen19\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen19\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen19\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen19\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml10\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">Selling, general, and administrative<\/span><\/p>\n<\/td>\n<td class=\"prngen19\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen23\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">13,688<\/span><\/p>\n<\/td>\n<td class=\"prngen19\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen23\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">13,781<\/span><\/p>\n<\/td>\n<td class=\"prngen19\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen23\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">44,670<\/span><\/p>\n<\/td>\n<td class=\"prngen19\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen23\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">42,296<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml10\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">Share-based compensation<\/span><\/p>\n<\/td>\n<td class=\"prngen19\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen23\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">1,024<\/span><\/p>\n<\/td>\n<td class=\"prngen19\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen23\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">735<\/span><\/p>\n<\/td>\n<td class=\"prngen19\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen23\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">1,792<\/span><\/p>\n<\/td>\n<td class=\"prngen19\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen23\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">1,873<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml10\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">Depreciation and amortization<\/span><\/p>\n<\/td>\n<td class=\"prngen19\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen23\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">1,794<\/span><\/p>\n<\/td>\n<td class=\"prngen19\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen23\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">1,781<\/span><\/p>\n<\/td>\n<td class=\"prngen19\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen23\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">5,374<\/span><\/p>\n<\/td>\n<td class=\"prngen19\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen23\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">5,529<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml10\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">Research and development<\/span><\/p>\n<\/td>\n<td class=\"prngen19\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen23\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">4,523<\/span><\/p>\n<\/td>\n<td class=\"prngen19\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen23\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">5,675<\/span><\/p>\n<\/td>\n<td class=\"prngen19\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen23\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">11,729<\/span><\/p>\n<\/td>\n<td class=\"prngen19\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen23\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">15,956<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml10\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">Impairment of assets<\/span><\/p>\n<\/td>\n<td class=\"prngen19\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen24\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">\u2014<\/span><\/p>\n<\/td>\n<td class=\"prngen19\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen24\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">\u2014<\/span><\/p>\n<\/td>\n<td class=\"prngen19\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen24\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">\u2014<\/span><\/p>\n<\/td>\n<td class=\"prngen19\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen24\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">295<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen19\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen19\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen24\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">21,029<\/span><\/p>\n<\/td>\n<td class=\"prngen19\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen24\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">21,972<\/span><\/p>\n<\/td>\n<td class=\"prngen19\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen24\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">63,565<\/span><\/p>\n<\/td>\n<td class=\"prngen19\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen24\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">65,949<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\"><b>Operating income<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen19\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen23\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\"><b>6,959<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen19\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen23\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\"><b>2,239<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen19\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen23\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\"><b>16,637<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen19\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen23\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\"><b>51,887<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml10\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">Other income (expense)<\/span><\/p>\n<\/td>\n<td class=\"prngen19\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen23\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">1,011<\/span><\/p>\n<\/td>\n<td class=\"prngen19\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen17\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">(448)<\/span><\/p>\n<\/td>\n<td class=\"prngen19\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen23\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">362<\/span><\/p>\n<\/td>\n<td class=\"prngen19\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen17\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">(1,736)<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml10\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">Finance income (cost), net<\/span><\/p>\n<\/td>\n<td class=\"prngen19\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen23\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">648<\/span><\/p>\n<\/td>\n<td class=\"prngen19\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen17\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">(1,437)<\/span><\/p>\n<\/td>\n<td class=\"prngen19\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen17\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">(7,449)<\/span><\/p>\n<\/td>\n<td class=\"prngen19\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen17\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">(4,143)<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml10\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">Foreign exchange loss<\/span><\/p>\n<\/td>\n<td class=\"prngen19\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen18\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">(190)<\/span><\/p>\n<\/td>\n<td class=\"prngen19\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen18\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">(723)<\/span><\/p>\n<\/td>\n<td class=\"prngen19\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen18\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">(1,432)<\/span><\/p>\n<\/td>\n<td class=\"prngen19\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen18\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">(175)<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\"><b>Income (loss) from operations<br \/>\nbefore income taxes and equity<br \/>\n(loss) income of associates<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen19\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen23\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\"><b>8,428<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen19\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen17\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\"><b>(369)<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen19\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen23\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\"><b>8,118<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen19\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen23\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\"><b>45,833<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml10\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">Income tax expense<\/span><\/p>\n<\/td>\n<td class=\"prngen19\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen18\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">(4,124)<\/span><\/p>\n<\/td>\n<td class=\"prngen19\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen18\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">(3,775)<\/span><\/p>\n<\/td>\n<td class=\"prngen19\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen18\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">(11,722)<\/span><\/p>\n<\/td>\n<td class=\"prngen19\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen18\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">(15,771)<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\"><b>Income (loss) from operations<br \/>\nbefore equity (loss) income of associates<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen19\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen23\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\"><b>4,304<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen19\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen17\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\"><b>(4,144)<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen19\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen17\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\"><b>(3,604)<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen19\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen23\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\"><b>30,062<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml10\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">Equity (loss) income of associates (net of income tax)<\/span><\/p>\n<\/td>\n<td class=\"prngen19\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen18\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">(1,195)<\/span><\/p>\n<\/td>\n<td class=\"prngen19\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen24\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">332<\/span><\/p>\n<\/td>\n<td class=\"prngen19\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen18\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">(3,658)<\/span><\/p>\n<\/td>\n<td class=\"prngen19\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen24\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">3,518<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\"><b>Net income (loss)<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen19\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen24\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\"><b>$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 3,109<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen19\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen18\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\"><b>$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (3,812)<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen19\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen18\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\"><b>$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (7,262)<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen19\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen24\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\"><b>$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 33,580<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\"><b>Attributable to:<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen19\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen19\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen19\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen19\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen19\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen19\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen19\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen19\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml10\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">Equity holders of Neo Performance Materials Inc.<\/span><\/p>\n<\/td>\n<td class=\"prngen19\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen23\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 3,069<\/span><\/p>\n<\/td>\n<td class=\"prngen19\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen17\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (3,719)<\/span><\/p>\n<\/td>\n<td class=\"prngen19\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen17\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (7,075)<\/span><\/p>\n<\/td>\n<td class=\"prngen19\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen23\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 33,238<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml10\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">Non-controlling interest<\/span><\/p>\n<\/td>\n<td class=\"prngen19\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen24\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">40<\/span><\/p>\n<\/td>\n<td class=\"prngen19\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen18\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">(93)<\/span><\/p>\n<\/td>\n<td class=\"prngen19\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen18\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">(187)<\/span><\/p>\n<\/td>\n<td class=\"prngen19\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen24\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">342<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen19\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen19\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen24\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\"><b>$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 3,109<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen19\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen18\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\"><b>$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (3,812)<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen19\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen18\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\"><b>$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (7,262)<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen19\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen24\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\"><b>$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 33,580<\/b><\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen16\" colspan=\"3\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\"><b>Earnings (loss) per share attributable<br \/>\nto equity holders of Neo Performance<br \/>\nMaterials Inc.:<\/b><\/span><\/p>\n<\/td>\n<td class=\"prngen19\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen19\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen19\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen19\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen19\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen19\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<\/tr>\n<tr>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml10\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">Basic<\/span><\/p>\n<\/td>\n<td class=\"prngen19\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen23\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 0.07<\/span><\/p>\n<\/td>\n<td class=\"prngen19\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen17\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (0.09)<\/span><\/p>\n<\/td>\n<td class=\"prngen19\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen17\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (0.16)<\/span><\/p>\n<\/td>\n<td class=\"prngen19\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen23\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 0.81<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen16\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml10\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">Diluted<\/span><\/p>\n<\/td>\n<td class=\"prngen19\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen23\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 0.07<\/span><\/p>\n<\/td>\n<td class=\"prngen19\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen17\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (0.09)<\/span><\/p>\n<\/td>\n<td class=\"prngen19\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen17\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (0.16)<\/span><\/p>\n<\/td>\n<td class=\"prngen19\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"prngen23\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 0.80<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<\/div>\n<div>\n<div class=\"divOverflow\">\n<div class=\"table-responsive\">\n<table class=\"prnbcc\" border=\"0\" cellspacing=\"0\" cellpadding=\"1\">\n<tbody>\n<tr>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">See Management&#8217;s Discussion and Analysis for the Three and Nine Months Ended September 30, 2023, available on Neo&#8217;s website at\u00a0<a class=\"prnews_a\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=4022441-1&amp;h=4092143359&amp;u=http%3A%2F%2Fwww.neomaterials.com%2F&amp;a=www.neomaterials.com\" target=\"_blank\" rel=\"noopener\">www.neomaterials.com<\/a>\u00a0and on SEDAR at\u00a0<a class=\"prnews_a\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=4022441-1&amp;h=604677229&amp;u=http%3A%2F%2Fwww.sedar.com%2F&amp;a=www.sedar.com\" target=\"_blank\" rel=\"noopener\">www.sedar.com<\/a>.<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<\/div>\n<\/div>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<div id=\"divBody\">\n<div id=\"divWide\">\n<div id=\"ReleaseContent\" class=\"content\">\n<p><b>TABLE 7: RECONCILIATIONS OF NET INCOME (LOSS) TO EBITDA, ADJUSTED EBITDA AND FREE CASH FLOW<\/b><\/p>\n<p>&nbsp;<\/p>\n<div>\n<table border=\"0\" cellspacing=\"0\" cellpadding=\"1\">\n<tbody>\n<tr>\n<td class=\"removeWrap\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><span class=\"prnews_span\" style=\"font-size: 10pt;\"><i>($000s)<\/i><\/span><\/td>\n<td class=\"removeWrap\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" style=\"text-align: center;\" colspan=\"3\" rowspan=\"1\" nowrap=\"nowrap\"><span class=\"prnews_span\" style=\"font-size: 10pt;\"><b>Three Months Ended<br \/>\nSeptember 30,<\/b><\/span><\/td>\n<td class=\"removeWrap\" style=\"text-align: center;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" style=\"text-align: center;\" colspan=\"3\" rowspan=\"1\" nowrap=\"nowrap\"><span class=\"prnews_span\" style=\"font-size: 10pt;\"><b>Nine Months Ended<br \/>\nSeptember 30,<\/b><\/span><\/td>\n<\/tr>\n<tr>\n<td class=\"removeWrap\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" style=\"text-align: center;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><span style=\"font-size: 10pt;\"><b>2023<\/b><\/span><\/td>\n<td class=\"removeWrap\" style=\"text-align: center;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" style=\"text-align: center;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><span style=\"font-size: 10pt;\"><b>2022<\/b><\/span><\/td>\n<td class=\"removeWrap\" style=\"text-align: center;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" style=\"text-align: center;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><span style=\"font-size: 10pt;\"><b>2023<\/b><\/span><\/td>\n<td class=\"removeWrap\" style=\"text-align: center;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" style=\"text-align: center;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><span style=\"font-size: 10pt;\"><b>2022<\/b><\/span><\/td>\n<\/tr>\n<tr>\n<td class=\"removeWrap\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><span class=\"prnews_span\" style=\"font-size: 10pt;\"><b>Net income (loss)<\/b><\/span><\/td>\n<td class=\"removeWrap\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><span style=\"font-size: 10pt;\"><b>$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 3,109<\/b><\/span><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><span style=\"font-size: 10pt;\"><b>$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (3,812)<\/b><\/span><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><span style=\"font-size: 10pt;\"><b>$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (7,262)<\/b><\/span><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><span style=\"font-size: 10pt;\"><b>$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 33,580<\/b><\/span><\/td>\n<\/tr>\n<tr>\n<td class=\"removeWrap\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">Add back (deduct):<\/span><\/td>\n<td class=\"removeWrap\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<\/tr>\n<tr>\n<td class=\"removeWrap\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">Finance (income) cost, net<\/span><\/td>\n<td class=\"removeWrap\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><span style=\"font-size: 10pt;\">(648)<\/span><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><span style=\"font-size: 10pt;\">1,437<\/span><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><span style=\"font-size: 10pt;\">7,449<\/span><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><span style=\"font-size: 10pt;\">4,143<\/span><\/td>\n<\/tr>\n<tr>\n<td class=\"removeWrap\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">Income tax expense<\/span><\/td>\n<td class=\"removeWrap\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><span style=\"font-size: 10pt;\">4,124<\/span><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><span style=\"font-size: 10pt;\">3,775<\/span><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><span style=\"font-size: 10pt;\">11,722<\/span><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><span style=\"font-size: 10pt;\">15,771<\/span><\/td>\n<\/tr>\n<tr>\n<td class=\"removeWrap\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">Depreciation and amortization included in cost of sales<\/span><\/td>\n<td class=\"removeWrap\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><span style=\"font-size: 10pt;\">2,674<\/span><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><span style=\"font-size: 10pt;\">2,279<\/span><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><span style=\"font-size: 10pt;\">7,210<\/span><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><span style=\"font-size: 10pt;\">7,045<\/span><\/td>\n<\/tr>\n<tr>\n<td class=\"removeWrap\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">Depreciation and amortization included in operating expenses<\/span><\/td>\n<td class=\"removeWrap\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><span style=\"font-size: 10pt;\">1,794<\/span><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><span style=\"font-size: 10pt;\">1,781<\/span><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><span style=\"font-size: 10pt;\">5,374<\/span><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><span style=\"font-size: 10pt;\">5,529<\/span><\/td>\n<\/tr>\n<tr>\n<td class=\"removeWrap\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><span class=\"prnews_span\" style=\"font-size: 10pt;\"><b>EBITDA<\/b><\/span><\/td>\n<td class=\"removeWrap\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><span style=\"font-size: 10pt;\"><b>11,053<\/b><\/span><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><span style=\"font-size: 10pt;\"><b>5,460<\/b><\/span><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><span style=\"font-size: 10pt;\"><b>24,493<\/b><\/span><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><span style=\"font-size: 10pt;\"><b>66,068<\/b><\/span><\/td>\n<\/tr>\n<tr>\n<td class=\"removeWrap\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><span class=\"prnews_span\" style=\"font-size: 10pt;\"><b>Adjustments to EBITDA:<\/b><\/span><\/td>\n<td class=\"removeWrap\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<\/tr>\n<tr>\n<td class=\"removeWrap\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">Other (income) expense\u00a0<sup>\u00a0(1)<\/sup><\/span><\/td>\n<td class=\"removeWrap\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><span style=\"font-size: 10pt;\">(1,011)<\/span><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><span style=\"font-size: 10pt;\">448<\/span><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><span style=\"font-size: 10pt;\">(362)<\/span><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><span style=\"font-size: 10pt;\">1,736<\/span><\/td>\n<\/tr>\n<tr>\n<td class=\"removeWrap\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">Foreign exchange loss\u00a0<sup>(2)<\/sup><\/span><\/td>\n<td class=\"removeWrap\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><span style=\"font-size: 10pt;\">190<\/span><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><span style=\"font-size: 10pt;\">723<\/span><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><span style=\"font-size: 10pt;\">1,432<\/span><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><span style=\"font-size: 10pt;\">175<\/span><\/td>\n<\/tr>\n<tr>\n<td class=\"removeWrap\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">Equity loss (income) of associates<\/span><\/td>\n<td class=\"removeWrap\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><span style=\"font-size: 10pt;\">1,195<\/span><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><span style=\"font-size: 10pt;\">(332)<\/span><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><span style=\"font-size: 10pt;\">3,658<\/span><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><span style=\"font-size: 10pt;\">(3,518)<\/span><\/td>\n<\/tr>\n<tr>\n<td class=\"removeWrap\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">Share-based compensation\u00a0<sup>(3)<\/sup><\/span><\/td>\n<td class=\"removeWrap\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><span style=\"font-size: 10pt;\">1,024<\/span><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><span style=\"font-size: 10pt;\">735<\/span><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><span style=\"font-size: 10pt;\">1,792<\/span><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><span style=\"font-size: 10pt;\">1,873<\/span><\/td>\n<\/tr>\n<tr>\n<td class=\"removeWrap\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">Fair value adjustments to inventory acquired\u00a0<sup>(4)<\/sup><\/span><\/td>\n<td class=\"removeWrap\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><span style=\"font-size: 10pt;\">423<\/span><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><span style=\"font-size: 10pt;\">\u2014<\/span><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><span style=\"font-size: 10pt;\">995<\/span><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><span style=\"font-size: 10pt;\">\u2014<\/span><\/td>\n<\/tr>\n<tr>\n<td class=\"removeWrap\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">Impairment of assets\u00a0<\/span><\/td>\n<td class=\"removeWrap\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><span style=\"font-size: 10pt;\">\u2014<\/span><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><span style=\"font-size: 10pt;\">\u2014<\/span><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><span style=\"font-size: 10pt;\">\u2014<\/span><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><span style=\"font-size: 10pt;\">295<\/span><\/td>\n<\/tr>\n<tr>\n<td class=\"removeWrap\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">Transaction and project startup costs (recoveries)\u00a0<sup>(5)<\/sup><\/span><\/td>\n<td class=\"removeWrap\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><span style=\"font-size: 10pt;\">286<\/span><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><span style=\"font-size: 10pt;\">\u2014<\/span><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><span style=\"font-size: 10pt;\">2,114<\/span><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><span style=\"font-size: 10pt;\">(22)<\/span><\/td>\n<\/tr>\n<tr>\n<td class=\"removeWrap\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><span class=\"prnews_span\" style=\"font-size: 10pt;\"><b>Adjusted EBITDA\u00a0<sup>(6)<\/sup><\/b><\/span><\/td>\n<td class=\"removeWrap\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><span style=\"font-size: 10pt;\"><b>$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 13,160<\/b><\/span><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><span style=\"font-size: 10pt;\"><b>$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 7,034<\/b><\/span><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><span style=\"font-size: 10pt;\"><b>$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 34,122<\/b><\/span><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><span style=\"font-size: 10pt;\"><b>$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 66,607<\/b><\/span><\/td>\n<\/tr>\n<tr>\n<td class=\"removeWrap\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><span class=\"prnews_span\" style=\"font-size: 10pt;\"><i>Adjusted EBITDA Margins\u00a0<sup>(6)<\/sup><\/i><\/span><\/td>\n<td class=\"removeWrap\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><span style=\"font-size: 10pt;\"><i>9.6\u00a0%<\/i><\/span><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><span style=\"font-size: 10pt;\"><i>4.8\u00a0%<\/i><\/span><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><span style=\"font-size: 10pt;\"><i>7.7\u00a0%<\/i><\/span><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><span style=\"font-size: 10pt;\"><i>13.8\u00a0%<\/i><\/span><\/td>\n<\/tr>\n<tr>\n<td class=\"removeWrap\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">Less:<\/span><\/td>\n<td class=\"removeWrap\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<\/tr>\n<tr>\n<td class=\"removeWrap\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">Capital expenditures\u00a0<sup>(7)<\/sup><\/span><\/td>\n<td class=\"removeWrap\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><span style=\"font-size: 10pt;\">$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 7,793<\/span><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><span style=\"font-size: 10pt;\">$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 1,734<\/span><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><span style=\"font-size: 10pt;\">$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 19,629<\/span><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><span style=\"font-size: 10pt;\">$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 11,098<\/span><\/td>\n<\/tr>\n<tr>\n<td class=\"removeWrap\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><span class=\"prnews_span\" style=\"font-size: 10pt;\"><b>Free Cash Flow\u00a0<sup>(6)<\/sup><\/b><\/span><\/td>\n<td class=\"removeWrap\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><span style=\"font-size: 10pt;\"><b>$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 5,367<\/b><\/span><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><span style=\"font-size: 10pt;\"><b>$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 5,300<\/b><\/span><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><span style=\"font-size: 10pt;\"><b>$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 14,493<\/b><\/span><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><span style=\"font-size: 10pt;\"><b>$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 55,509<\/b><\/span><\/td>\n<\/tr>\n<tr>\n<td class=\"removeWrap\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><span class=\"prnews_span\" style=\"font-size: 10pt;\"><i>Free Cash Flow Conversion<sup>\u00a0(6)<\/sup><\/i><\/span><\/td>\n<td class=\"removeWrap\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><span style=\"font-size: 10pt;\">40.8\u00a0%<\/span><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><span style=\"font-size: 10pt;\">75.3\u00a0%<\/span><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><span style=\"font-size: 10pt;\">42.5\u00a0%<\/span><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><span style=\"font-size: 10pt;\">83.3\u00a0%<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p>&nbsp;<\/p>\n<p><span style=\"font-size: 10pt;\"><b><u>Notes:<\/u><\/b><\/span><\/p>\n<div>\n<table border=\"0\" cellspacing=\"0\" cellpadding=\"1\">\n<tbody>\n<tr>\n<td class=\"AddWrap\" colspan=\"1\" rowspan=\"1\"><span style=\"font-size: 8pt;\">(1)<\/span><\/td>\n<td class=\"AddWrap\" colspan=\"1\" rowspan=\"1\"><span class=\"prnews_span\" style=\"font-size: 8pt;\">Represents other (income) expenses resulting from non-operational related activities, including provisions for damages for outstanding legal claims related to historic volumes.\u00a0 These costs and recoveries are not indicative of Neo&#8217;s ongoing activities.<\/span><\/td>\n<\/tr>\n<tr>\n<td class=\"AddWrap\" colspan=\"1\" rowspan=\"1\"><span style=\"font-size: 8pt;\">(2)<\/span><\/td>\n<td class=\"AddWrap\" colspan=\"1\" rowspan=\"1\"><span class=\"prnews_span\" style=\"font-size: 8pt;\">Represents unrealized and realized foreign exchange losses that include non-cash adjustments in translating foreign denominated monetary assets and liabilities.<\/span><\/td>\n<\/tr>\n<tr>\n<td class=\"AddWrap\" colspan=\"1\" rowspan=\"1\"><span style=\"font-size: 8pt;\">(3)<\/span><\/td>\n<td class=\"AddWrap\" colspan=\"1\" rowspan=\"1\"><span class=\"prnews_span\" style=\"font-size: 8pt;\">Represents share-based compensation expense in respect of the Plan and the LTIP.\u00a0<\/span><\/td>\n<\/tr>\n<tr>\n<td class=\"AddWrap\" colspan=\"1\" rowspan=\"1\"><span style=\"font-size: 8pt;\">(4)<\/span><\/td>\n<td class=\"AddWrap\" colspan=\"1\" rowspan=\"1\"><span class=\"prnews_span\" style=\"font-size: 8pt;\">In accordance with IFRS 3\u00a0<i>Business Combinations<\/i>, and on completion of the acquisition of SGTec, Neo recorded SGTec&#8217;s acquired inventory at fair value, which included a mark-up for profit of $1.3 million.\u00a0 A portion of this inventory was sold in the three months ended September 30, 2023, and the period since the acquisition, and had a $0.4 million and $1.0 million, respectively, impact on Net income (loss) in the three and nine months ended September 30, 2023.<\/span><\/td>\n<\/tr>\n<tr>\n<td class=\"AddWrap\" colspan=\"1\" rowspan=\"1\"><span style=\"font-size: 8pt;\">(5)<\/span><\/td>\n<td class=\"AddWrap\" colspan=\"1\" rowspan=\"1\"><span class=\"prnews_span\" style=\"font-size: 8pt;\">These represent primarily legal, professional advisory fees and other transaction costs for capital structuring associated with Neo or investments of Neo. Neo has removed these charges to provide comparability with historic periods.\u00a0 For the three and nine months ended September 30, 2023, Neo incurred $0.3 million and $0.9 million, respectively, of project costs related to the establishment of the Sintered Magnet manufacturing capability in Europe. Additionally, Neo also incurred total acquisition-related costs of $nil and $1.2 million, respectively, in the acquisition of SGTec for the three and nine months ended September 30, 2023.\u00a0 These costs have been included in selling, general and administrative expense in the condensed consolidated statements of profit or loss.<\/span><\/td>\n<\/tr>\n<tr>\n<td class=\"AddWrap\" colspan=\"1\" rowspan=\"1\"><span style=\"font-size: 8pt;\">(6)<\/span><\/td>\n<td class=\"AddWrap\" colspan=\"1\" rowspan=\"1\"><span class=\"prnews_span\" style=\"font-size: 8pt;\">Neo reports non-IFRS measures such as &#8220;Adjusted Net Income&#8221;, &#8220;Adjusted Earnings per Share&#8221;, &#8220;Adjusted EBITDA&#8221;, &#8220;Adjusted EBITDA Margin&#8221;, &#8220;Free Cash Flow&#8221; and &#8220;Free Cash Flow Conversion&#8221;. Please see information on this and other non-IFRS measures in the &#8220;Non-IFRS Measures&#8221; section of this new release and in the MD&amp;A, available on Neo&#8217;s website\u00a0<a href=\"https:\/\/protect-us.mimecast.com\/s\/YjgqCXDwymUY3jNUXsYHF?domain=c212.net\" target=\"_blank\" rel=\"noopener\">https:\/\/protect-us.mimecast.com\/s\/qnDJCQWmoZuWmgqCOIqCC?domain=neomaterials.com<\/a>\u00a0and on SEDAR at\u00a0<a href=\"https:\/\/protect-us.mimecast.com\/s\/MT2NCM8gkOiZGD8u1Hihh?domain=c212.net\" target=\"_blank\" rel=\"noopener\">https:\/\/protect-us.mimecast.com\/s\/DTJKCNkjlQsB1Jxtz_ys7?domain=sedar.com<\/a>.<\/span><\/td>\n<\/tr>\n<tr>\n<td class=\"AddWrap\" colspan=\"1\" rowspan=\"1\"><span style=\"font-size: 8pt;\">(7)<\/span><\/td>\n<td class=\"AddWrap\" colspan=\"1\" rowspan=\"1\"><span class=\"prnews_span\" style=\"font-size: 8pt;\">Includes capital expenditures of $7.8 million for the three months ended September 30, 2023 and capital expenditures of $17.4 million and right-of-use assets of $2.2 million for the\u00a0 nine months ended September 30, 2023.\u00a0 Excludes the additions of Property, Plant and Equipment of $12.0 million from the acquisition of SGTec.<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p><b>TABLE 8: RECONCILIATIONS OF NET INCOME (LOSS) TO ADJUSTED NET INCOME (LOSS)<\/b><\/p>\n<div>\n<table border=\"0\" cellspacing=\"0\" cellpadding=\"1\">\n<tbody>\n<tr>\n<td class=\"removeWrap\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><span class=\"prnews_span\" style=\"font-size: 10pt;\"><i>($000s)<\/i><\/span><\/td>\n<td class=\"removeWrap\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" style=\"text-align: center;\" colspan=\"3\" rowspan=\"1\" nowrap=\"nowrap\"><span class=\"prnews_span\" style=\"font-size: 10pt;\"><b>Three Months Ended<br \/>\nSeptember 30,<\/b><\/span><\/td>\n<td class=\"removeWrap\" style=\"text-align: center;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" style=\"text-align: center;\" colspan=\"3\" rowspan=\"1\" nowrap=\"nowrap\"><span class=\"prnews_span\" style=\"font-size: 10pt;\"><b>Nine Months Ended<br \/>\nSeptember 30,<\/b><\/span><\/td>\n<\/tr>\n<tr>\n<td class=\"removeWrap\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" style=\"text-align: center;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><span style=\"font-size: 10pt;\"><b>2023<\/b><\/span><\/td>\n<td class=\"removeWrap\" style=\"text-align: center;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" style=\"text-align: center;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><span style=\"font-size: 10pt;\"><b>2022<\/b><\/span><\/td>\n<td class=\"removeWrap\" style=\"text-align: center;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" style=\"text-align: center;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><span style=\"font-size: 10pt;\"><b>2023<\/b><\/span><\/td>\n<td class=\"removeWrap\" style=\"text-align: center;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" style=\"text-align: center;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><span style=\"font-size: 10pt;\"><b>2022<\/b><\/span><\/td>\n<\/tr>\n<tr>\n<td class=\"removeWrap\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><span class=\"prnews_span\" style=\"font-size: 10pt;\"><b>Net income (loss)<\/b><\/span><\/td>\n<td class=\"removeWrap\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><span style=\"font-size: 10pt;\"><b>$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 3,109<\/b><\/span><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><span style=\"font-size: 10pt;\"><b>$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (3,812)<\/b><\/span><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><span style=\"font-size: 10pt;\"><b>$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (7,262)<\/b><\/span><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><span style=\"font-size: 10pt;\"><b>$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 33,580<\/b><\/span><\/td>\n<\/tr>\n<tr>\n<td class=\"removeWrap\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><span class=\"prnews_span\" style=\"font-size: 10pt;\"><b>Adjustments to net income (loss):<\/b><\/span><\/td>\n<td class=\"removeWrap\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<\/tr>\n<tr>\n<td class=\"removeWrap\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">Foreign exchange loss\u00a0<sup>(1)<\/sup><\/span><\/td>\n<td class=\"removeWrap\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><span style=\"font-size: 10pt;\">190<\/span><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><span style=\"font-size: 10pt;\">723<\/span><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><span style=\"font-size: 10pt;\">1,432<\/span><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><span style=\"font-size: 10pt;\">175<\/span><\/td>\n<\/tr>\n<tr>\n<td class=\"removeWrap\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">Impairment of assets<\/span><\/td>\n<td class=\"removeWrap\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><span style=\"font-size: 10pt;\">\u2014<\/span><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><span style=\"font-size: 10pt;\">\u2014<\/span><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><span style=\"font-size: 10pt;\">\u2014<\/span><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><span style=\"font-size: 10pt;\">295<\/span><\/td>\n<\/tr>\n<tr>\n<td class=\"removeWrap\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">Share-based compensation\u00a0<sup>(2)<\/sup><\/span><\/td>\n<td class=\"removeWrap\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><span style=\"font-size: 10pt;\">1,024<\/span><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><span style=\"font-size: 10pt;\">735<\/span><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><span style=\"font-size: 10pt;\">1,792<\/span><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><span style=\"font-size: 10pt;\">1,873<\/span><\/td>\n<\/tr>\n<tr>\n<td class=\"removeWrap\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">Transaction and project startup costs (recoveries)\u00a0<sup>(3)<\/sup><\/span><\/td>\n<td class=\"removeWrap\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><span style=\"font-size: 10pt;\">286<\/span><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><span style=\"font-size: 10pt;\">\u2014<\/span><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><span style=\"font-size: 10pt;\">2,114<\/span><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><span style=\"font-size: 10pt;\">(22)<\/span><\/td>\n<\/tr>\n<tr>\n<td class=\"removeWrap\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">Other items included in other expense\u00a0<sup>(4)<\/sup><\/span><\/td>\n<td class=\"removeWrap\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><span style=\"font-size: 10pt;\">(897)<\/span><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><span style=\"font-size: 10pt;\">520<\/span><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><span style=\"font-size: 10pt;\">(278)<\/span><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><span style=\"font-size: 10pt;\">2,014<\/span><\/td>\n<\/tr>\n<tr>\n<td class=\"removeWrap\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">Fair value adjustments to inventory acquired\u00a0<sup>(5)<\/sup><\/span><\/td>\n<td class=\"removeWrap\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><span style=\"font-size: 10pt;\">423<\/span><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><span style=\"font-size: 10pt;\">\u2014<\/span><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><span style=\"font-size: 10pt;\">995<\/span><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><span style=\"font-size: 10pt;\">\u2014<\/span><\/td>\n<\/tr>\n<tr>\n<td class=\"removeWrap\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">Tax impact of the above items<\/span><\/td>\n<td class=\"removeWrap\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><span style=\"font-size: 10pt;\">(122)<\/span><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><span style=\"font-size: 10pt;\">(76)<\/span><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><span style=\"font-size: 10pt;\">(669)<\/span><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><span style=\"font-size: 10pt;\">(473)<\/span><\/td>\n<\/tr>\n<tr>\n<td class=\"removeWrap\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><span class=\"prnews_span\" style=\"font-size: 10pt;\"><b>Adjusted net income (loss)<\/b><\/span><\/td>\n<td class=\"removeWrap\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><span style=\"font-size: 10pt;\"><b>$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 4,013<\/b><\/span><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><span style=\"font-size: 10pt;\"><b>$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (1,910)<\/b><\/span><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><span style=\"font-size: 10pt;\"><b>$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (1,876)<\/b><\/span><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><span style=\"font-size: 10pt;\"><b>$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 37,442<\/b><\/span><\/td>\n<\/tr>\n<tr>\n<td class=\"removeWrap\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<\/tr>\n<tr>\n<td class=\"removeWrap\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><span class=\"prnews_span\" style=\"font-size: 10pt;\"><b>Attributable to:<\/b><\/span><\/td>\n<td class=\"removeWrap\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<\/tr>\n<tr>\n<td class=\"removeWrap\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">Equity holders of Neo<\/span><\/td>\n<td class=\"removeWrap\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><span style=\"font-size: 10pt;\">$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 3,973<\/span><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><span style=\"font-size: 10pt;\">$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (1,817)<\/span><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><span style=\"font-size: 10pt;\">$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 (1,689)<\/span><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><span style=\"font-size: 10pt;\">$\u00a0 \u00a0 \u00a0 \u00a0 \u00a037,100<\/span><\/td>\n<\/tr>\n<tr>\n<td class=\"removeWrap\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">Non-controlling interest<\/span><\/td>\n<td class=\"removeWrap\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><span style=\"font-size: 10pt;\">$\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 40<\/span><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><span style=\"font-size: 10pt;\">$\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 (93)<\/span><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><span style=\"font-size: 10pt;\">$\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0(187)<\/span><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><span style=\"font-size: 10pt;\">$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 342<\/span><\/td>\n<\/tr>\n<tr>\n<td class=\"removeWrap\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<\/tr>\n<tr>\n<td class=\"removeWrap\" colspan=\"9\" rowspan=\"1\" nowrap=\"nowrap\"><span class=\"prnews_span\" style=\"font-size: 10pt;\"><b>Weighted average number of common shares outstanding:<\/b><\/span><\/td>\n<\/tr>\n<tr>\n<td class=\"removeWrap\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">Basic<\/span><\/td>\n<td class=\"removeWrap\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><span style=\"font-size: 10pt;\">44,517,503<\/span><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><span style=\"font-size: 10pt;\">41,368,970<\/span><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><span style=\"font-size: 10pt;\">44,967,960<\/span><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><span style=\"font-size: 10pt;\">40,913,207<\/span><\/td>\n<\/tr>\n<tr>\n<td class=\"removeWrap\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">Diluted<\/span><\/td>\n<td class=\"removeWrap\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><span style=\"font-size: 10pt;\">45,019,400<\/span><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><span style=\"font-size: 10pt;\">41,368,970<\/span><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><span style=\"font-size: 10pt;\">44,967,960<\/span><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><span style=\"font-size: 10pt;\">41,353,231<\/span><\/td>\n<\/tr>\n<tr>\n<td class=\"removeWrap\" colspan=\"9\" rowspan=\"1\" nowrap=\"nowrap\"><span class=\"prnews_span\" style=\"font-size: 10pt;\"><b>Adjusted earnings (loss) per share\u00a0<sup>(6)<\/sup>\u00a0attributable to equity holders of Neo:<\/b><\/span><\/td>\n<\/tr>\n<tr>\n<td class=\"removeWrap\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">Basic<\/span><\/td>\n<td class=\"removeWrap\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><span style=\"font-size: 10pt;\">$\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a00.09<\/span><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><span style=\"font-size: 10pt;\">$\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 (0.04)<\/span><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><span style=\"font-size: 10pt;\">$\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0(0.04)<\/span><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><span style=\"font-size: 10pt;\">$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 0.91<\/span><\/td>\n<\/tr>\n<tr>\n<td class=\"removeWrap\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">Diluted<\/span><\/td>\n<td class=\"removeWrap\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><span style=\"font-size: 10pt;\">$\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a00.09<\/span><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><span style=\"font-size: 10pt;\">$\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 (0.04)<\/span><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><span style=\"font-size: 10pt;\">$\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0(0.04)<\/span><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><\/td>\n<td class=\"removeWrap\" style=\"text-align: right;\" colspan=\"1\" rowspan=\"1\" nowrap=\"nowrap\"><span style=\"font-size: 10pt;\">$\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 0.90<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p><span style=\"font-size: 10pt;\"><b><u>Notes:<\/u><\/b><\/span><\/p>\n<div>\n<table border=\"0\" cellspacing=\"0\" cellpadding=\"1\">\n<tbody>\n<tr>\n<td class=\"AddWrap\" colspan=\"1\" rowspan=\"1\"><span style=\"font-size: 8pt;\">(1)<\/span><\/td>\n<td class=\"AddWrap\" colspan=\"1\" rowspan=\"1\"><span class=\"prnews_span\" style=\"font-size: 8pt;\">Represents unrealized and realized foreign exchange losses that include non-cash adjustments in translating foreign denominated monetary assets and liabilities.<\/span><\/td>\n<\/tr>\n<tr>\n<td class=\"AddWrap\" colspan=\"1\" rowspan=\"1\"><span style=\"font-size: 8pt;\">(2)<\/span><\/td>\n<td class=\"AddWrap\" colspan=\"1\" rowspan=\"1\"><span class=\"prnews_span\" style=\"font-size: 8pt;\">Represents share-based compensation expense in respect of the Plan and the LTIP.\u00a0<\/span><\/td>\n<\/tr>\n<tr>\n<td class=\"AddWrap\" colspan=\"1\" rowspan=\"1\"><span style=\"font-size: 8pt;\">(3)<\/span><\/td>\n<td class=\"AddWrap\" colspan=\"1\" rowspan=\"1\"><span class=\"prnews_span\" style=\"font-size: 8pt;\">These represent primarily legal, professional advisory fees and other transaction costs for capital structuring associated with Neo or investments of Neo.\u00a0 Neo has removed these charges to provide comparability with historic periods.\u00a0 For the three and nine months ended September 30, 2023, Neo incurred $0.3 million and $0.9 million, respectively, of project costs related to the establishment of the Sintered Magnet manufacturing capability in Europe. Additionally, Neo also incurred total acquisition-related costs of $nil and $1.2 million, respectively, in the acquisition of SGTec for the three and nine months ended September 30, 2023.\u00a0 These costs have been included in selling, general and administrative expense in the condensed consolidated statements of profit or loss.<\/span><\/td>\n<\/tr>\n<tr>\n<td class=\"AddWrap\" colspan=\"1\" rowspan=\"1\"><span style=\"font-size: 8pt;\">(4)<\/span><\/td>\n<td class=\"AddWrap\" colspan=\"1\" rowspan=\"1\"><span class=\"prnews_span\" style=\"font-size: 8pt;\">Represents other expenses resulting from non-operational related activities, including provisions for damages for outstanding legal claims related to historic volumes.\u00a0 These costs and recoveries are not indicative of Neo&#8217;s ongoing activities.<\/span><\/td>\n<\/tr>\n<tr>\n<td class=\"AddWrap\" colspan=\"1\" rowspan=\"1\"><span style=\"font-size: 8pt;\">(5)<\/span><\/td>\n<td class=\"AddWrap\" colspan=\"1\" rowspan=\"1\"><span class=\"prnews_span\" style=\"font-size: 8pt;\">In accordance with IFRS 3\u00a0<i>Business Combinations<\/i>, and on completion of the acquisition of SGTec, Neo recorded SGTec&#8217;s acquired inventory at fair value, which included a mark-up for profit of $1.3 million.\u00a0 A portion of this inventory was sold in the three months ended September 30, 2023, and the period since the acquisition, and had a $0.4 million and $1.0 million, respectively, impact on Net income (loss) in the three and nine months ended September 30, 2023.<\/span><\/td>\n<\/tr>\n<tr>\n<td class=\"AddWrap\" colspan=\"1\" rowspan=\"1\"><span style=\"font-size: 8pt;\">(6)<\/span><\/td>\n<td class=\"AddWrap\" colspan=\"1\" rowspan=\"1\"><span class=\"prnews_span\" style=\"font-size: 8pt;\">Neo reports non-IFRS measures such as &#8220;Adjusted Net Income&#8221;, &#8220;Adjusted Earnings per Share&#8221;, &#8220;Adjusted EBITDA&#8221;, &#8220;Adjusted EBITDA Margin&#8221;, &#8220;Free Cash Flow&#8221; and &#8220;Free Cash Flow Conversion&#8221;. Please see information on this and other non-IFRS measures in the &#8220;Non-IFRS Measures&#8221; section of this new release and in the MD&amp;A, available on Neo&#8217;s website\u00a0<a href=\"https:\/\/protect-us.mimecast.com\/s\/YjgqCXDwymUY3jNUXsYHF?domain=c212.net\" target=\"_blank\" rel=\"noopener\">https:\/\/protect-us.mimecast.com\/s\/qnDJCQWmoZuWmgqCOIqCC?domain=neomaterials.com<\/a>\u00a0and on SEDAR at\u00a0<a href=\"https:\/\/protect-us.mimecast.com\/s\/MT2NCM8gkOiZGD8u1Hihh?domain=c212.net\" target=\"_blank\" rel=\"noopener\">https:\/\/protect-us.mimecast.com\/s\/DTJKCNkjlQsB1Jxtz_ys7?domain=sedar.com<\/a>.<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<p>&nbsp;<\/p>\n<p><b><br \/>\nAbout Neo Performance Materials<\/b><\/p>\n<p>&nbsp;<\/p>\n<p>Neo manufactures the building blocks of many modern technologies that enhance efficiency and sustainability.\u00a0 Neo&#8217;s advanced industrial materials &#8211; magnetic powders and magnets, specialty chemicals, metals, and alloys &#8211; are critical to the performance of many everyday products and emerging technologies. Neo&#8217;s products help to deliver the technologies of tomorrow to consumers today.\u00a0 The business of Neo is organized along three segments: Magnequench, Chemicals &amp; Oxides and Rare Metals. Neo is headquartered in Toronto, Ontario, Canada; with corporate offices in Greenwood Village, Colorado, United States; Singapore; and Beijing, China. Neo has a global platform that includes 10 manufacturing facilities located in China, the United States, Germany, Canada, Estonia, Thailand and the United Kingdom, as well as one dedicated research and development centre in Singapore.\u00a0 For more information, please visit\u00a0<a href=\"https:\/\/protect-us.mimecast.com\/s\/YjgqCXDwymUY3jNUXsYHF?domain=c212.net\" target=\"_blank\" rel=\"noopener\">https:\/\/protect-us.mimecast.com\/s\/qnDJCQWmoZuWmgqCOIqCC?domain=neomaterials.com<\/a>.<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p><b>Cautionary Statements Regarding Forward-Looking Statements<\/b><\/p>\n<p>&nbsp;<\/p>\n<p>This news release contains &#8220;forward-looking information&#8221; within the meaning of applicable securities laws in Canada. Forward-looking information may relate to future events or the future performance of Neo. All statements in this release, other than statements of historical facts, with respect to Neo&#8217;s objectives and goals, as well as statements with respect to its beliefs, plans, objectives, expectations, anticipations, estimates, and intentions, are forward-looking information. Specific forward-looking statements in this discussion include, but are not limited to, the following: expectations regarding certain of Neo&#8217;s future results and information, including, among other things, revenue, expenses, sales growth, capital expenditures, and operations; statements with respect to current and future market trends that may directly or indirectly impact sales and revenue of Neo; expected use of cash balances; continuation of prudent management of working capital; source of funds for ongoing business requirements and capital investments; expectations regarding sufficiency of the allowance for uncollectible accounts and inventory provisions; analysis regarding sensitivity of the business to changes in exchange rates; impact of recently adopted accounting pronouncements; risk factors relating to intellectual property protection and intellectual property litigation; risk factors relating to national or international economies (including the impact of COVID-19), geopolitical risk and other risks present in the jurisdictions in which Neo, its customers, its suppliers, and\/or its logistics partners operate, and; expectations concerning any remediation efforts to Neo&#8217;s design of its internal controls over financial reporting and disclosure controls and procedures. Often, but not always, forward-looking information can be identified by the use of words such as &#8220;plans&#8221;, &#8220;expects&#8221;, &#8220;is expected&#8221;, &#8220;budget&#8221;, &#8220;scheduled&#8221;, &#8220;estimates&#8221;, &#8220;continues&#8221;, &#8220;forecasts&#8221;, &#8220;projects&#8221;, &#8220;predicts&#8221;, &#8220;intends&#8221;, &#8220;anticipates&#8221; or &#8220;believes&#8221;, or variations of, or the negatives of, such words and phrases, or state that certain actions, events or results &#8220;may&#8221;, &#8220;could&#8221;, &#8220;would&#8221;, &#8220;should&#8221;, &#8220;might&#8221; or &#8220;will&#8221; be taken, occur or be achieved. This information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information. Neo believes the expectations reflected in such forward-looking information are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward-looking information included in this discussion and analysis should not be unduly relied upon. For more information on Neo, investors should review Neo&#8217;s continuous disclosure filings that are available under Neo&#8217;s profile at\u00a0<a href=\"https:\/\/protect-us.mimecast.com\/s\/HRKACR6np2iL8olUEMdHh?domain=c212.net\" target=\"_blank\" rel=\"noopener\">https:\/\/protect-us.mimecast.com\/s\/DTJKCNkjlQsB1Jxtz_ys7?domain=sedar.com<\/a>.<\/p>\n<div id=\"DivAssetPlaceHolder2\" class=\"PRN_ImbeddedAssetReference\"><\/div>\n<\/div>\n<\/div>\n<div id=\"divMediaContact\">\n<p><b>For further information:<\/b><\/p>\n<p>Ali Mahdavi<br \/>\nSVP<br \/>\nCorporate Development &amp; Capital Markets<br \/>\n(416) 962-3300<br \/>\nEmail: <a href=\"mailto:a.mahdavi@neomaterials.com\">a.mahdavi@neomaterials.com <\/a><\/p>\n<p>&nbsp;<\/p>\n<p>Jim Sims<br \/>\nDirector of Corporate Communications<br \/>\n(303) 503-6203<br \/>\nEmail: <a href=\"mailto:j.sims@neomaterials.com\">j.sims@neomaterials.com<\/a><\/p>\n<p>&nbsp;<\/p>\n<p>Website: https:\/\/www.neomaterials.com<\/p>\n<\/div>\n<\/div>\n<p>&nbsp;<\/p>\n<table class=\"prnbcc\" border=\"0\" cellspacing=\"0\" cellpadding=\"1\">\n<tbody>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\">__________________________<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\">\n<p class=\"prnml4\"><span class=\"prnews_span\" style=\"font-size: 10pt;\"><i><sup>(1)<\/sup>Neo reports non-IFRS measures such as &#8220;Adjusted Net Income&#8221;, &#8220;Adjusted Earnings per Share&#8221;, &#8220;Adjusted EBITDA&#8221;, &#8220;Adjusted EBITDA Margin&#8221; and &#8220;EBITDA&#8221;. Please see information on this and other non-IFRS measures in the &#8220;Non-IFRS Measures&#8221; section of this news release and in the MD&amp;A, available on Neo&#8217;s website at\u00a0<a class=\"prnews_a\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=4022441-1&amp;h=3236819912&amp;u=http%3A%2F%2Fwww.neomaterials.com%2F&amp;a=www.neomaterials.com\" target=\"_blank\" rel=\"noopener\">www.neomaterials.com<\/a>\u00a0and on SEDAR at\u00a0<a class=\"prnews_a\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=4022441-1&amp;h=3097412689&amp;u=https%3A%2F%2Fwww.sedar.com%2F&amp;a=www.sedar.com\" target=\"_blank\" rel=\"noopener\">www.sedar.com<\/a>.<\/i><\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Neo Performance Materials Inc. (TSX: NEO) released its third quarter 2023 financial results today.<\/p>\n","protected":false},"author":3,"featured_media":17815,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[90,7],"tags":[],"class_list":["post-18519","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured-post","category-news-releases"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Neo Performance Materials Reports Third Quarter 2023 Results - Neo Performance Materials<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"http:\/\/www.neomaterials.com\/neo-performance-materials-reports-third-quarter-2023-results\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Neo Performance Materials Reports Third Quarter 2023 Results - Neo Performance Materials\" \/>\n<meta property=\"og:description\" content=\"Neo Performance Materials Inc. 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