Record Annual Adjusted EBITDA
5N Plus reported an annual adjusted EBITDA of $53.3 million, which is a 39% increase from the previous record year.
Revenue Growth
Total revenue in 2024 reached $289.3 million, representing a healthy 19% increase over 2023.
Specialty Semiconductors Segment Performance
The Specialty Semiconductors segment saw revenue growth to $202.3 million from $156.5 million in 2023, driven by high demand from terrestrial renewable energy and space solar power sectors.
Capacity Expansion Achievements
New semiconductor compound capacity in Montreal tripled from 2022 levels. Space solar cell production capacity at AZUR in Heilbronn increased by 35% over 2022 levels.
Strong Backlog
Specialty Semiconductors had a backlog representing 365 days, indicating strong demand and long-term contracts.