UNITED STATES ANTIMONY CORP (NYSEARCA:UAMY) Posts Mixed Q2 2025 Results with Record Inventory and Expansion Progress

UNITED STATES ANTIMONY CORP (NYSEARCA:UAMY) Reports Mixed Q2 2025 Results Amid Record Antimony Inventory and Expansion Efforts

United States Antimony Corporation (USAC) released its second-quarter 2025 financial results, showcasing significant year-over-year growth but falling short of analyst expectations on earnings per share (EPS). The company reported revenues of $10.53 million, slightly above the estimated $10.03 million, while EPS came in at $0.00, missing the projected $0.017. Despite the earnings miss, the stock saw a modest after-hours gain of 1.3%, suggesting a tempered but not overly negative market reaction.

Key Financial Highlights

• Revenue Growth: Q2 2025 revenue surged 160% year-over-year to $17.53 million for the first six months, driven by higher antimony prices and increased sales volumes.
• Gross Profit: Gross profit rose 183% to $5.21 million in H1 2025, with margins improving to 30% from 27% in the prior-year period.
• Net Income: The company swung to a net income of $728.1K in H1 2025, compared to a $120K loss in H1 2024.
• Inventory Build-Up: Antimony inventory reached a record 201 tons, valued at $10.4 million, as the company ramps up production capacity.

Market Reaction and Analyst Expectations

While revenue slightly exceeded estimates, the lack of EPS growth may have disappointed some investors. However, the stock’s positive after-hours movement suggests optimism around USAC’s operational improvements and strategic expansions, including:

• Smelter Upgrades: The company completed the refurbishment of four furnaces in Thompson Falls, Montana, aiming to double production output.
• Tungsten Acquisition: A $5 million acquisition of a tungsten mining operation in Canada, completed in June, diversifies USAC’s critical minerals portfolio.
• 2025 Revenue Guidance: Management reaffirmed full-year revenue expectations of $40–$50 million, aligning closely with the analyst consensus of $45.65 million.

Strategic Outlook

CEO Gary C. Evans acknowledged operational challenges in Q2, including supply chain disruptions and labor shortages, but emphasized that these issues have been resolved. The company’s focus remains on increasing antimony production and securing additional international ore supplies. With U.S. defense stockpiles of antimony at critically low levels (only ~42 days of supply), USAC is positioning itself as a key domestic supplier.

Conclusion

USAC’s Q2 results reflect strong top-line growth but highlight execution risks as the company scales operations. The market’s muted reaction suggests a wait-and-see approach, with investors likely weighing near-term earnings volatility against long-term strategic initiatives.

For more detailed earnings estimates and future projections, visit UAMY’s earnings page.

Disclaimer: This article is not investment advice. Investors should conduct their own research before making any financial decisions.