T1 Energy Announces Preliminary Third Quarter 2025 Financial Results

Summary

On October 22, 2025, T1 Energy Inc. reported preliminary financial and operating results for the third quarter 2025. The company generated total net sales between $200 million and $210 million on modules sales of approximately 725 MW. T1 maintains its 2025 EBITDA guidance range of $25 - $50 million, with expectations of increased sales in Q4 2025. The company's cash, cash equivalents, and restricted cash stood at $87 million at September 30, 2025, with $34 million being unrestricted cash. T1 has accrued $92 million of Section 45X credits year-to-date. The company is updating its G2_Austin phased development plan, with the first phase expected to total 2.1 GW of annual production capacity with an estimated capital expenditure of $400 - $425 million. T1 plans to start G2 Phase 1 construction in Q4 2025 with planned start of production in Q4 2026. The company also disclosed a potential dispute with an offtake customer that led to a non-cash impairment to intangible assets of $53 million.