A major Cardiff building is set to remain closed for three years
Academy Music Group (AMG), which operates music venues across the country, has signed an agreement for a lease to run St David's Hall and details are being finalised for that now. The re-opening of the venue has stalled and been put back a number of times over the years.
At the last update earlier this year it had been expected to re-open in autumn or winter 2026. For the latest Cardiff news, sign up to our newsletter here.
READ MORE: Boy, 16, dies in Barry Island Pleasure Park tragedy as police launch investigation
READ MORE: Council crews to search bins and hand £70 fines to rule-breakers
Now, the council has said that the hoped for re-opening date has been put back to 2027. But the good news is that planning permission was granted recently to carry out the necessary work so it is looking positive.
A council spokesperson said: 'Planning permission has recently been granted for the necessary renovation work to St David's Hall.
"This is an important step towards the council's goal of seeing the building re-opened to the public. Details of the lease agreement with AMG are now in the process of being finalised, so that work can begin as soon as possible.
"Once work has begun it is expected to take in the region of 18 months to complete. Subject to any unforeseen issues, St David's Hall could re-open in early 2027."
St David's Hall is the usual venue for the BBC Cardiff Singer of the World which was postponed to 2027 after it closed. It is hoped the venue will be ready to open and host the event for that.
Meanwhile there is also an update on the other iconic Cardiff building also shut by Raac - City Hall.
The 120-year-old building will cost up to £69m to restore to modern standards, it has been revealed. The building has been also been closed since October 2023.
Council officials have been drawing up a plan to fund and carry out the refurbishment the 1906 building needs. The historic hall was used to host events as well as for office space, council functions and as meetings rooms for councillors.
Options from a "do minimum" refurbishment bill of £29m to the full cost £69m including a full maintenance backlog and creating modern office space has been looked at.
The impressive Edwardian building, opened by Lord Bute, has marble floors and statues of famous Welsh historic figures. The doors were closed in October 2023 after the problems with the heating, electrics and asbestos worsened.
Councillors were told in a report in May 2024 that the original hope had been to re-open the building by that same month, but the work was too large. Issues with the heating system and work to remove asbestos would not be complete until the end of 2025 and the building would not re-open until early 2026, councillors were told.
Now, a fresh update and details of how the plans are progressing are due to go before cabinet, the council said.
A spokesperson said: "Work on City Hall is progressing well and the building is expected to reopen next year, once work is complete. A full update on progress will be provided to Cabinet in due course."
The council was unable to give an exact date for when that progress report would be out.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
12 hours ago
- Yahoo
Affiliated Managers Group Second Quarter 2025 Earnings: Misses Expectations
Affiliated Managers Group (NYSE:AMG) Second Quarter 2025 Results Key Financial Results Revenue: US$493.2m (down 1.4% from 2Q 2024). Net income: US$84.3m (up 11% from 2Q 2024). Profit margin: 17% (up from 15% in 2Q 2024). The increase in margin was driven by lower expenses. EPS: US$2.96 (up from US$2.41 in 2Q 2024). This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality. All figures shown in the chart above are for the trailing 12 month (TTM) period Affiliated Managers Group Revenues and Earnings Miss Expectations Revenue missed analyst estimates by 2.6%. Earnings per share (EPS) also missed analyst estimates by 16%. Looking ahead, revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Capital Markets industry in the US. Performance of the American Capital Markets industry. The company's shares are down 4.0% from a week ago. Risk Analysis Don't forget that there may still be risks. For instance, we've identified 2 warning signs for Affiliated Managers Group that you should be aware of. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
3 days ago
- Yahoo
AMG Reports Financial and Operating Results for the Second Quarter and First Half of 2025
Company reports Diluted EPS of $2.80, Economic EPS of $5.39 in the second quarter of 2025 Positive net client cash flows of more than $8 billion, driven by ongoing momentum in private markets and liquid alternatives New partnership with Montefiore Investment further diversifies AMG's business and expands its participation in private markets Economic Earnings per share of $5.39 for the quarter, an increase of 15% relative to prior-year quarter Repurchased ~$100 million in common stock, bringing total share repurchases to ~$273 million in the first half of the year WEST PALM BEACH, Fla., July 31, 2025 (GLOBE NEWSWIRE) -- AMG, a strategic partner to leading independent investment management firms globally, today reported its financial and operating results for the second quarter and six months ended June 30, 2025. Jay C. Horgen, Chief Executive Officer of AMG, said:'In the second quarter, AMG reported growth of 15% in Economic Earnings per share relative to the year-ago quarter, reflecting the disciplined execution of our capital allocation strategy and the increasing momentum in our business. Net client cash flows of more than $8 billion firmwide were driven by record flows into alternatives, reflecting ongoing strength in private markets fundraising and growing client demand for liquid alternative strategies. 'Through strong ongoing execution of our strategy, we are accelerating the evolution of AMG's business toward areas of secular growth. AMG's Affiliates managing private markets and liquid alternative strategies generated net client inflows of approximately $33 billion in the first half of the year, reflecting the ongoing demand for our Affiliates' specialized strategies. In addition, we recently announced a new partnership with Montefiore, a leading European private equity firm focused on the services sector. So far in 2025, we have announced four new partnerships with firms collectively managing approximately $24 billion in alternative strategies, underscoring the ongoing demand for AMG's unique approach, which magnifies the competitive advantages of partner-owned firms while also preserving their independence. 'With our excellent capital position and distinct competitive advantages, including our worldwide reputation as a collaborative strategic partner to the highest-quality independent firms, we are uniquely positioned to execute on our opportunity set. We remain confident in our ability to generate meaningful additional shareholder value over time, as we invest in new and existing Affiliates while also returning excess capital to shareholders within our disciplined capital allocation framework.' FINANCIAL HIGHLIGHTS Three Months Ended Six Months Ended (in millions, except as noted and per share data) 6/30/2024 6/30/2025 6/30/2024 6/30/2025 Operating Performance Measures AUM (at period end, in billions) $ 701.0 $ 771.0 $ 701.0 $ 771.0 Average AUM (in billions) 693.1 736.6 686.5 724.3 Net client cash flows (in billions) 0.9 8.1 (2.9 ) 7.7 Aggregate fees 1,098.1 1,173.5 2,569.7 2,443.9 Financial Performance Measures Net income (controlling interest) $ 76.0 $ 84.3 $ 225.8 $ 156.6 Earnings per share (diluted)(1) 2.26 2.80 6.49 5.01 Supplemental Performance Measures(2) Adjusted EBITDA (controlling interest) $ 217.5 $ 219.7 $ 477.3 $ 447.9 Economic net income (controlling interest) 155.9 159.2 342.6 317.9 Economic earnings per share 4.67 5.39 10.06 10.58 For additional information on our Supplemental Performance Measures, including reconciliations to GAAP, see the Financial Tables and Notes. Capital Management During the second quarter of 2025, the Company repurchased approximately $100 million in common stock, bringing total share repurchases to approximately $273 million in the first half of the year, and announced a second-quarter cash dividend of $0.01 per share of common stock, payable August 25, 2025 to stockholders of record as of the close of business on August 11, 2025. About AMGAMG (NYSE: AMG) is a strategic partner to leading independent investment management firms globally. AMG's strategy is to generate long‐term value by investing in high-quality independent partner-owned firms, through a proven partnership approach, and allocating resources across AMG's unique opportunity set to the areas of highest growth and return. Through its distinctive approach, AMG magnifies its Affiliates' existing advantages and actively supports their independence and ownership culture. As of June 30, 2025, AMG's aggregate assets under management were approximately $771 billion across a diverse range of private markets, liquid alternative, and differentiated long-only investment strategies. For more information, please visit the Company's website at Conference Call, Replay, and Presentation InformationA conference call will be held with AMG's management at 11:00 a.m. Eastern time today. Parties interested in listening to the conference call should dial 1-877-407-8291 (U.S. calls) or 1-201-689-8345 (non-U.S. calls) shortly before the call begins. The conference call will also be available for replay beginning approximately one hour after the conclusion of the call. To hear a replay of the call, please dial 1-877-660-6853 (U.S. calls) or 1-201-612-7415 (non-U.S. calls) and provide conference ID 13754341. The live call and replay of the session and a presentation highlighting the Company's performance can also be accessed via AMG's website at Investor and Media Relations: Patricia Figueroa+1 (617) 747-3300ir@ Financial Tables FollowASSETS UNDER MANAGEMENT - STATEMENTS OF CHANGES Alternatives Differentiated Long-Only BY STRATEGY - QUARTER TO DATE Private Markets Liquid Alternatives Equities Multi-Asset & Fixed Income Total AUM, March 31, 2025 $ 140.3 $ 154.8 $ 302.1 $ 115.0 $ 712.2 Client cash inflows and commitments 7.8 16.8 10.7 5.0 40.3 Client cash outflows (0.0 ) (5.3 ) (21.2 ) (5.7 ) (32.2 ) Net client cash flows 7.8 11.5 (10.5 ) (0.7 ) 8.1 New investments — 12.4 — — 12.4 Market changes 1.3 1.3 24.0 3.8 30.4 Foreign exchange 0.7 2.9 5.4 1.1 10.1 Realizations and distributions (net) (0.7 ) (0.1 ) (0.0 ) (0.1 ) (0.9 ) Other — (1.1 ) (0.0 ) (0.2 ) (1.3 ) AUM, June 30, 2025 $ 149.4 $ 181.7 $ 321.0 $ 118.9 $ 771.0 Alternatives Differentiated Long-Only BY STRATEGY - YEAR TO DATE Private Markets Liquid Alternatives Equities Multi-Asset &Fixed Income Total AUM, December 31, 2024 $ 135.4 $ 140.7 $ 316.2 $ 115.6 $ 707.9 Client cash inflows and commitments 11.3 32.7 19.5 9.8 73.3 Client cash outflows (0.1 ) (11.0 ) (43.7 ) (10.8 ) (65.6 ) Net client cash flows 11.2 21.7 (24.2 ) (1.0 ) 7.7 New investments 1.7 12.4 — — 14.1 Market changes 1.8 3.6 22.0 3.5 30.9 Foreign exchange 0.9 4.4 7.1 1.4 13.8 Realizations and distributions (net) (1.6 ) (0.0 ) (0.1 ) (0.3 ) (2.0 ) Other — (1.1 ) 0.0 (0.3 ) (1.4 ) AUM, June 30, 2025 $ 149.4 $ 181.7 $ 321.0 $ 118.9 $ 771.0 CONSOLIDATED STATEMENTS OF INCOME Three Months Ended (in millions, except per share data) 6/30/2024 6/30/2025 Consolidated revenue $ 500.3 $ 493.2 Consolidated expenses: Compensation and related expenses 215.3 263.7 Selling, general and administrative 89.4 95.7 Intangible amortization and impairments 7.3 6.3 Interest expense 33.5 34.5 Depreciation and other amortization 3.1 2.5 Other expenses (net) 10.8 10.0 Total consolidated expenses 359.4 412.7 Equity method income (net)(3) 18.1 65.6 Investment and other income 19.3 25.5 Income before income taxes 178.3 171.6 Income tax expense 43.3 35.7 Net income 135.0 135.9 Net income (non-controlling interests) (59.0 ) (51.6 ) Net income (controlling interest) $ 76.0 $ 84.3 Average shares outstanding (basic) 31.5 28.5 Average shares outstanding (diluted) 35.3 31.4 Earnings per share (basic) $ 2.42 $ 2.96 Earnings per share (diluted)(1) $ 2.26 $ 2.80 RECONCILIATIONS OF SUPPLEMENTAL PERFORMANCE MEASURES(2) Three Months Ended (in millions, except per share data) 6/30/2024 6/30/2025 Net income (controlling interest) $ 76.0 $ 84.3 Intangible amortization and impairments 65.6 31.0 Intangible-related deferred taxes 14.7 14.6 Other economic items(4) (0.4 ) 29.3 Economic net income (controlling interest) $ 155.9 $ 159.2 Average shares outstanding (adjusted diluted) 33.4 29.5 Economic earnings per share $ 4.67 $ 5.39 Net income (controlling interest) $ 76.0 $ 84.3 Interest expense 33.5 34.4 Income taxes 42.3 35.1 Intangible amortization and impairments 65.6 31.0 Other items(4) 0.1 34.9 Adjusted EBITDA (controlling interest) $ 217.5 $ 219.7 See Notes for additional information. CONSOLIDATED STATEMENTS OF INCOME Six Months Ended (in millions, except per share data) 6/30/2024 6/30/2025 Consolidated revenue $ 1,000.3 $ 989.8 Consolidated expenses: Compensation and related expenses 455.7 494.1 Selling, general and administrative 181.1 190.4 Intangible amortization and impairments 14.5 89.6 Interest expense 63.4 68.6 Depreciation and other amortization 6.1 5.3 Other expenses (net) 19.9 21.6 Total consolidated expenses 740.7 869.6 Equity method income (net)(3) 135.7 140.9 Investment and other income 37.2 37.1 Income before income taxes 432.5 298.2 Income tax expense 98.7 63.1 Net income 333.8 235.1 Net income (non-controlling interests) (108.0 ) (78.5 ) Net income (controlling interest) $ 225.8 $ 156.6 Average shares outstanding (basic) 32.1 28.9 Average shares outstanding (diluted) 36.0 32.3 Earnings per share (basic) $ 7.02 $ 5.43 Earnings per share (diluted)(1) $ 6.49 $ 5.01 RECONCILIATIONS OF SUPPLEMENTAL PERFORMANCE MEASURES(2) Six Months Ended (in millions, except per share data) 6/30/2024 6/30/2025 Net income (controlling interest) $ 225.8 $ 156.6 Intangible amortization and impairments 91.2 116.8 Intangible-related deferred taxes 30.9 13.9 Other economic items(4) (5.3 ) 30.6 Economic net income (controlling interest) $ 342.6 $ 317.9 Average shares outstanding (adjusted diluted) 34.0 30.0 Economic earnings per share $ 10.06 $ 10.58 Net income (controlling interest) $ 225.8 $ 156.6 Interest expense 63.4 68.5 Income taxes 99.7 65.4 Intangible amortization and impairments 91.2 116.8 Other items(4) (2.8 ) 40.6 Adjusted EBITDA (controlling interest) $ 477.3 $ 447.9 See Notes for additional information. CONSOLIDATED BALANCE SHEETS Period Ended (in millions) 12/31/2024 6/30/2025 Assets Cash and cash equivalents $ 950.0 $ 361.0 Receivables 409.7 571.0 Investments 595.6 644.1 Goodwill 2,504.9 2,537.6 Acquired client relationships (net) 1,777.8 1,716.1 Equity method investments in Affiliates (net) 2,246.6 2,618.3 Fixed assets (net) 57.6 56.7 Other assets 288.7 302.8 Total assets $ 8,830.9 $ 8,807.6 Liabilities and Equity Payables and accrued liabilities $ 639.1 $ 692.4 Debt 2,620.2 2,621.2 Deferred income tax liability (net) 520.5 544.3 Other liabilities 402.4 474.9 Total liabilities 4,182.2 4,332.8 Redeemable non-controlling interests 350.5 336.1 Equity: Common stock 0.6 0.6 Additional paid-in capital 733.1 701.2 Accumulated other comprehensive loss (163.6 ) (125.0 ) Retained earnings 6,899.8 7,055.9 7,469.9 7,632.7 Less: treasury stock, at cost (4,124.6 ) (4,394.0 ) Total stockholders' equity 3,345.3 3,238.7 Non-controlling interests 952.9 900.0 Total equity 4,298.2 4,138.7 Total liabilities and equity $ 8,830.9 $ 8,807.6 Notes (1) Earnings per share (diluted) adjusts for the dilutive effect of the potential issuance of incremental shares of our common assume the settlement of all of our Redeemable non-controlling interests using the maximum number of shares permitted under our arrangements. The issuance of shares and the related income acquired are excluded from the calculation if an assumed purchase of Redeemable non-controlling interests would be anti-dilutive to diluted earnings per are required to apply the if-converted method to our outstanding junior convertible securities when calculating Earnings per share (diluted). Under the if-converted method, shares that are issuable upon conversion are deemed outstanding, regardless of whether the securities are contractually convertible into our common stock at that time. For this calculation, the interest expense (net of tax) attributable to these dilutive securities is added back to Net income (controlling interest), reflecting the assumption that the securities have been converted. Issuable shares for these securities and related interest expense are excluded from the calculation if an assumed conversion would be anti-dilutive to diluted earnings per following table provides a reconciliation of the numerator and denominator used in the calculation of basic and diluted earnings per share: Three Months Ended Six Months Ended (in millions) 6/30/2024 6/30/2025 6/30/2024 6/30/2025 Numerator Net income (controlling interest) $ 76.0 $ 84.3 $ 225.8 $ 156.6 Income (loss) from hypothetical settlement of Redeemable non-controlling interests, net of taxes 0.3 0.3 0.7 (1.5 ) Interest expense on junior convertible securities, net of taxes 3.4 3.4 6.7 6.7 Net income (controlling interest), as adjusted $ 79.7 $ 88.0 $ 233.2 $ 161.8 Denominator Average shares outstanding (basic) 31.5 28.5 32.1 28.9 Effect of dilutive instruments: Stock options and restricted stock units 1.9 1.0 1.9 1.1 Hypothetical issuance of shares to settle Redeemable non-controlling interests 0.2 0.2 0.3 0.6 Junior convertible securities 1.7 1.7 1.7 1.7 Average shares outstanding (diluted) 35.3 31.4 36.0 32.3 (2) As supplemental information, we provide non-GAAP performance measures of Adjusted EBITDA (controlling interest), Economic net income (controlling interest), and Economic earnings per share. We believe that many investors use our Adjusted EBITDA (controlling interest) when comparing our financial performance to other companies in the investment management industry. Management utilizes these non-GAAP performance measures to assess our performance before our share of certain non-cash GAAP expenses primarily related to the acquisition of interests in Affiliates and to improve comparability between periods. Economic net income (controlling interest) and Economic earnings per share are used by management and our Board of Directors as our principal performance benchmarks, including as one of the measures for determining executive compensation. These non-GAAP performance measures are provided in addition to, but not as a substitute for, Net income (controlling interest), Earnings per share, or other GAAP performance measures. For additional information on our non-GAAP measures, see our most recent Annual and Quarterly Reports on Form 10-K and 10-Q, respectively, which are accessible on the SEC's website at EBITDA (controlling interest) represents our performance before our share of interest expense, income and certain non-income based taxes, depreciation, amortization, impairments, gains and losses related to Affiliate Transactions, and non-cash items such as certain Affiliate equity activity, gains and losses on our contingent payment obligations, and unrealized gains and losses on seed capital, general partner commitments, and other strategic investments. Adjusted EBITDA (controlling interest) is also adjusted to include realized economic gains and losses related to these seed capital, general partner commitments, and other strategic our Economic net income (controlling interest) definition, we adjust Net income (controlling interest) for our share of pre-tax intangible amortization and impairments related to intangible assets (including the portion attributable to equity method investments in Affiliates) because these expenses do not correspond to the changes in the value of these assets, which do not diminish predictably over time. We also adjust for deferred taxes attributable to intangible assets because we believe it is unlikely these accruals will be used to settle material tax obligations. Further, we adjust for gains and losses related to Affiliate Transactions, net of tax, and other economic items. Other economic items include certain Affiliate equity activity, gains and losses related to contingent payment obligations, tax windfalls and shortfalls from share-based compensation, unrealized gains and losses on seed capital, general partner commitments, and other strategic investments, and realized economic gains and losses related to these seed capital, general partner commitments, and other strategic earnings per share represents Economic net income (controlling interest) divided by the Average shares outstanding (adjusted diluted). In this calculation, we exclude the potential shares issued upon settlement of Redeemable non-controlling interests from Average shares outstanding (adjusted diluted) because we intend to settle those obligations without issuing shares, consistent with all prior Affiliate equity purchase transactions. The potential share issuance in connection with our junior convertible securities is measured using a 'treasury stock' method. Under this method, only the net number of shares of common stock equal to the value of the junior convertible securities in excess of par, if any, are deemed to be outstanding. We believe the inclusion of net shares under a treasury stock method best reflects the benefit of the increase in available capital resources (which could be used to repurchase shares of our common stock) that occurs when these securities are converted and we are relieved of our debt following table provides a reconciliation of Average shares outstanding (adjusted diluted): Three Months Ended Six Months Ended (in millions) 6/30/2024 6/30/2025 6/30/2024 6/30/2025 Average shares outstanding (diluted) 35.3 31.4 36.0 32.3 Hypothetical issuance of shares to settle Redeemable non-controlling interests (0.2 ) (0.2 ) (0.3 ) (0.6 ) Junior convertible securities (1.7 ) (1.7 ) (1.7 ) (1.7 ) Average shares outstanding (adjusted diluted) 33.4 29.5 34.0 30.0 (3) The following table presents pre-tax equity method earnings, equity method intangible amortization and impairments, and equity method income tax, which in aggregate form Equity method income (net): Three Months Ended Six Months Ended (in millions) 6/30/2024 6/30/2025 6/30/2024 6/30/2025 Pre-tax equity method earnings $ 80.3 $ 94.1 $ 222.8 $ 193.6 Equity method intangible amortization and impairments (60.8 ) (27.0 ) (81.6 ) (45.6 ) Equity method income tax (1.4 ) (1.5 ) (5.5 ) (7.1 ) Equity method income (net) $ 18.1 $ 65.6 $ 135.7 $ 140.9 (4) For the three and six months ended June 30, 2025, other economic items and other items include a one-time expense of $30.5 million which resulted from a modification of Affiliate equity which, consistent with the definitions of our non-GAAP performance measures, has been added back to Economic net income (controlling interest) and Adjusted EBITDA (controlling interest). Forward-Looking Statements and Other Matters Certain matters discussed in this press release issued by Affiliated Managers Group, Inc. ('AMG' or the 'Company') may constitute forward-looking statements within the meaning of the federal securities laws. These statements include, but are not limited to, statements related to our expectations regarding the performance of our business, our financial results, our liquidity and capital resources, and other non-historical statements. You can identify these forward-looking statements by the use of words such as 'outlook,' 'guidance,' 'believes,' 'expects,' 'potential,' 'preliminary,' 'continues,' 'may,' 'will,' 'should,' 'seeks,' 'approximately,' 'predicts,' 'projects,' 'positioned,' 'prospects,' 'intends,' 'plans,' 'estimates,' 'pending investments,' 'anticipates,' or the negative version of these words or other comparable words. Actual results and the timing of certain events could differ materially from those projected in or contemplated by the forward-looking statements due to a number of factors, including changes in the securities or financial markets or in general economic conditions, global trade tensions and changes in trade policies, the availability of equity and debt financing, competition for acquisitions of interests in investment management firms, uncertainties relating to closing of pending investments or transactions and potential changes in the anticipated benefits thereof, the investment performance and growth rates of our Affiliates and their ability to effectively market their investment strategies, the mix of Affiliate contributions to our earnings, and other risks, uncertainties, and assumptions, including those described under the section entitled 'Risk Factors' in our most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. Such factors may be updated from time to time in our periodic filings with the SEC. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in this press release and in our filings with the SEC. We undertake no obligation to publicly update or review any forward-looking statements, whether as a result of new information, future developments, or otherwise, except as required by applicable law. This press release does not constitute an offer of any products, investment vehicles, or services of any AMG Affiliate. From time to time, AMG may use its website as a distribution channel of material Company information. AMG routinely posts financial and other important information regarding the Company in the Investor Relations section of its website at and encourages investors to consult that section in to access your portfolio
Yahoo
3 days ago
- Yahoo
AMG Critical Materials N.V. Announces Interim Dividend
--- AMG Critical Materials N.V. ('AMG', EURONEXT AMSTERDAM: 'AMG') declares an interim dividend of €0.20 per ordinary share, unchanged from the interim dividend of €0.20 per ordinary share in the prior year. The interim dividend of €0.20 per ordinary share, in respect of the period from January 1, 2025 to June 30, 2025, is payable on August 15, 2025 to shareholders of record as of August 7, 2025. The ex-dividend date will be August 6, 2025. Dutch withholding tax will be deducted from the dividend at a rate of 15%. This press release contains inside information within the meaning of Article 7(1) of the EU Market Abuse Regulation. This press release contains regulated information as defined in the Dutch Financial Markets Supervision Act (Wet op het financieel toezicht). About AMG AMG's mission is to provide critical materials and related process technologies to advance a less carbon-intensive world. To this end, AMG is focused on the production and development of energy storage materials such as lithium, vanadium, and tantalum. In addition, AMG's products include highly engineered systems to reduce CO2 in aerospace engines, as well as critical materials addressing CO2 reduction in a variety of other end use markets. AMG's Lithium segment spans the lithium value chain, reducing the CO2 footprint of both suppliers and customers. AMG's Vanadium segment is the world's market leader in recycling vanadium from oil refining residues, spanning the Company's vanadium, titanium, and chrome businesses. AMG's Technologies segment is the established world market leader in advanced metallurgy and provides equipment engineering to the aerospace engine sector globally. It serves as the engineering home for the Company's fast-growing LIVA batteries, NewMOX SAS formed to span the nuclear fuel market, and spans AMG's mineral processing operations in graphite, antimony, and silicon metal. With approximately 3,600 employees, AMG operates globally with production facilities in Germany, the United Kingdom, France, the United States, China, Mexico, Brazil, India, and Sri Lanka, and has sales and customer service offices in Japan ( For further information, please contact:AMG Critical Materials N.V. +49 176 1000 73 14Thomas Swobodatswoboda@ Disclaimer Certain statements in this press release are not historical facts and are 'forward looking.' Forward looking statements include statements concerning AMG's plans, expectations, projections, objectives, targets, goals, strategies, future events, future revenues or performance, capital expenditures, financing needs, plans and intentions relating to acquisitions, AMG's competitive strengths and weaknesses, plans or goals relating to forecasted production, reserves, financial position and future operations and development, AMG's business strategy and the trends AMG anticipates in the industries and the political and legal environment in which it operates and other information that is not historical information. When used in this press release, the words 'expects,' 'believes,' 'anticipates,' 'plans,' 'may,' 'will,' 'should,' and similar expressions, and the negatives thereof, are intended to identify forward looking statements. By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, and risks exist that the predictions, forecasts, projections and other forward-looking statements will not be achieved. These forward-looking statements speak only as of the date of this press release. AMG expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statement contained herein to reflect any change in AMG's expectations with regard thereto or any change in events, conditions, or circumstances on which any forward-looking statement is based. Attachment Interim Dividend 2025Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
