Q1 2025 A-Mark Precious Metals Inc Earnings Call

In This Article:

Participants

Gregory Roberts; Chief Executive Officer, Director; A-Mark Precious Metals Inc

Kathleen Taylor; Chief Financial Officer, Executive Vice President, Controller, Assistant Secretary; A-Mark Precious Metals Inc

Thor Gjerdrum; President; A-Mark Precious Metals Inc

Michael Baker; Managing Director, Senior Research Analyst; D.A. Davidson

Lucas Pipes; Managing Director; B Riley

Greg Gibas; Vice President, Senior Research Analyst; Northland Securities Inc.

Presentation

Operator

Good afternoon and welcome to a A-Mark Precious Metals conference call for the fiscal first quarter ended September 30th 2024.
My name is Matthew and I will be your operator this afternoon before this call. A-mark issued its results for the fiscal first quarter, 2025 and a press release which is available in the investor relations section of the company's website at www.amark.com.
You can find the link in the investor relations section at the top of the homepage.
Joining us for today's call are Amar CEO Greg Roberts, President Thor Gjerdrum and CFO Kathleen Simpson Taylor.
Following the remarks, we'll open the call for your questions.
Then before we conclude the call, I'll provide the necessary cautions regarding the forward-looking statements made by management during this call.
I would like to remind everyone that this call is being recorded and will be made available for replay via a link available in the investor relations section of A-mark's website.
Now I would like to turn the call over to Aar's CEO Mr Greg Roberts, sir. Please proceed.

Gregory Roberts

Thank you, Matthew and Good afternoon, everyone.
Our first quarter results reflect the continued strength of our fully integrated platform to deliver profitable results even during slower market conditions. Despite facing a less favorable macroeconomic environment including elevated precious metal prices and softened levels of demand. We delivered 37% diluted share and generated almost 18 million in NonGAAP EBITDA.
During the quarter. We amended our trading credit facility extending its maturity to September 2026 providing us with the liquidity for our future capital needs. We also advanced our A-mark global logistics facility expansion and logistics automation initiatives which are expected to be completed in the next few months. We anticipate these measures will increase operational capacity and produce efficiencies and long term cost savings.
We have also continued to make substantial progress towards establishing a trading office and DTC presence in Singapore and broadening our reach into the surrounding region.
Finally, as previously announced Silvertown Mint recently acquired all the assets of Regency mint manufacturing, including its minting equipment and its customer list. Further enhancing our minting capability and expanding our customer base.
We believe these initiatives position amar for future success as we continue to grow and expand our business. Now, I will turn the call over to our CFO Kathleen Simpson Taylor who provide a more detailed overview of our financial performance. Then our President Thor Gjerdrum will discuss our key operating metrics. Finally, I will provide further insights into our business and growth strategy. Kathleen.