T1 Energy Inc. has reported its financial results for the first quarter of 2025, revealing a net loss attributable to common stockholders of $17.1 million, or $0.11 per diluted share. This marks an improvement compared to the net loss of $28.5 million, or $0.20 per diluted share, recorded in the first quarter of 2024. The net loss from continuing operations was $4.1 million, or $0.03 per diluted share, for the first quarter of 2025, compared to $11.3 million, or $0.08 per diluted share, for the same period in 2024. The net loss from discontinued operations stood at $12.1 million, or $0.08 per diluted share, for Q1 2025, down from $17.4 million, or $0.12 per diluted share, in Q1 2024. As of March 31, 2025, T1 Energy reported a cash, cash equivalents, and restricted cash position of $51.1 million. Despite reductions in the 2025 EBITDA guidance, T1 Energy anticipates ending the year with a cash and liquidity position exceeding $100 million, after approximately $70 million in cash debt service. This outlook is supported by 1.5 GW of high-margin customer offtake contracts, the expected initiation of Section 45X Production Tax Credit monetizations in the second or third quarter of 2025, and the anticipated reduction of $20 million in legacy annual General & Administrative expenses by 2026, associated with the wind down of T1's legacy European business. T1 Energy is also advancing its strategic initiatives, focusing on establishing a vertically integrated U.S. solar value chain and enhancing its competitive position in the U.S. solar and storage markets.
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