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Mabylon AG Raises CHF 30 Million to Advance Peanut Allergy Lead Program MY006 to Clinical Proof-of-Concept - ForexTV
Funding combines equity investment and convertible loanFocus on best-in-class, clinical-stage peanut allergen neutralizing antibody Further potential for developing Mabylon’s discovery and pre-clinical pipeline programsDr. Thomas Hecht has joined Board of Directors Schlieren/Zurich, Switzerland, August 12, 2025 - Mabylon AG, a leader in the high-throughput discovery, characterization, and development of human-derived antibodies, today announced that it has raised a total of CHF 30 million (USD 37 million) to further develop its clinical-stage lead candidate MY006 and advance its early-stage pipeline. The funding combines a capital increase and a convertible loan of CHF 15 million, respectively. The funds are provided by Mabylon’s existing private investors, with the major investment coming from former management and board members of Roche. The funding will allow Mabylon to advance its lead program MY006, a tri-specific antibody neutralizing peanut allergens, to completion of a Phase Ia/b trial in 2027 with the goal to generate robust safety and preliminary efficacy data. In addition, the funding will enable Mabylon to further develop its discovery and pre-clinical programs. These include MY010, a multi-specific and cross-reactive antibody targeting the birch Bet v 1 allergen, as well as all the major birch-related tree, fruit and nuts allergens. The funding will also support development of MY011, an antibody product for treating grass pollen allergies. At the shareholders’ assembly, Dr. Thomas Hecht was elected as a new member of Mabylon’s Board of Directors. He succeeds Prof. Adriano Aguzzi, whose term ended in June 2025. “MY006 is a multi-specific anti-allergen antibody for the prophylactic treatment of peanut allergy, an indication with a high unmet medical need. The funds will enable Mabylon to reach clinical proof-of-concept and further advance its early-stage pipeline,” said Gottlieb Keller, Chairman of Mabylon’s Board of Directors. “I would like to thank Prof. Adriano Aguzzi for his contributions to the board and welcome Thomas Hecht as a new board member.” „We are very pleased to have closed a CHF 30 million financing agreement in such a challenging global funding environment. This is a strong validation of our approach using human-derived, multi-specific antibodies for the treatment of allergies,“ said Alcide Barberis, PhD, CEO of Mabylon. “We also warmly welcome Dr. Thomas Hecht to our Board of Directors. He brings outstanding industry expertise and will help us advance and commercialize our pipeline of best-in-class allergen-neutralizing antibodies.” ### About Mabylon AGMabylon is a Swiss biotechnology company harnessing the therapeutic potential of naturally occurring human antibodies to treat allergies, neurodegenerative diseases, and inflammation. Human-derived antibodies have superior therapeutic potential compared to antibodies derived from conventional sources, such as humanized animal models or artificial libraries. In the case of allergy, for instance, Mabylon’s antibodies derived from allergic patients target disease-relevant epitopes, expanding the knowledge of novel allergenic epitopes and their role in disease progression.For more information, please visit www.mabylon.com ContactAlcide Barberis, CEOMabylon AGWagistrasse 148952 Schlieren (Zurich Area), Switzerland Media InquiriesakampionDr. Ludger Wess / Ines-Regina Buth Managing Partnersinfo@akampion.comTel. +49 40 88 16 59 64 /Tel. +49 30 23 63 27 68
Pipe Insulation Market worth $7,195.9 million by 2030, at a CAGR of 5.4%, says MarketsandMarkets™ - ForexTV
Delray Beach, FL, Aug. 12, 2025 (GLOBE NEWSWIRE) -- The Pipe Insulation Market is estimated to grow from USD 5,265.4 million in 2024 to USD 7,195.9 million by 2030, at a CAGR of 5.4% between 2025 and 2030. , as per the recent study by MarketsandMarkets™. The pipe insulation market is on the rise due to the increasing need for energy efficiency, a rise in construction activities, and stricter environmental regulations. By insulating pipes, we can reduce energy loss, enhance system performance, and decrease operational costs across industrial, commercial, and residential settings. The demand for thermal and acoustic insulation is further driven by the expansion of district heating and cooling systems, oil and gas infrastructure, and the chemical industry. Additionally, as more people become aware of sustainability and the importance of reducing carbon footprints, there is a push for advanced insulation materials. Emerging economies are also investing in infrastructure development, which significantly boosts market growth in sectors such as building & construction, industrial, district energy systems, oil, gas, and others. Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=263389325 Browse in-depth TOC on “Pipe Insulation Market” 222 - Market Data Tables 54 – Figures 246 - Pages List of Key Players in Pipe Insulation Market: Saint-Gobain S.A. (France)BASF SE (Germany)Johns Manville (US)Owens Corning (US)Kingspan Group PLC (UK)Rockwool A/S (Denmark)Covestro AG (Germany)Huntsman Corporation (US)Armacell (Luxembourg)Knauf Insulation (US) Drivers, Opportunities and Challenges in Pipe Insulation Market: Drivers: Growth in oil and gas demandRestraint: Volatile prices of plastic foamsOpportunity: Availability of green insulation materialChallenge: Corrosion under insulation leads to health and safety-related issues Get Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=263389325 Key Findings of the Study: In 2024, the rock wool material type accounted for the second-largest share in terms of value of the pipe insulation market.In 2024, the oil application segment was the third largest in the pipe insulation market in terms of value.Central & Western Europe was the fourth-largest pipe insulation market in terms of value in 2024. Based on material type, the pipe insulation market is segmented as rock wool, glass wool, PUR /PIR foam, phenolic foam, elastomeric foam, other plastic foam, and others. Among these types, rock wool is expected to register the second-highest CAGR in terms of value during the forecast period. Its high melting point makes it suitable for applications in high-temperature industries such as power plants, petrochemical plants, and district heating. Additionally, increased awareness of fire safety and energy efficiency in building codes and industrial standards is driving the demand for non-combustible insulation products like rock wool. The product is also waterproof yet vapor-permeable, reducing the chances of corrosion under insulation (CUI), a significant issue in metal piping systems. Rock wool is eco-friendly and recyclable, aligning with global initiatives toward green construction and industrial practices. The industrialization and rising energy-efficiency standards in emerging economies are further boosting the demand. The combination of performance, safety, and environmental compliance places rock wool at the forefront of the expanding pipe insulation industry. Based on application, the pipe insulation market is segmented into district energy systems, oil, gas, building & construction, industrial, and others. The industrial application segment is expected to report the second-lowest CAGR in the market for pipe insulation during 2025–2030, driven by rising demand for safety, energy efficiency, and operational reliability in industries such as oil & gas, chemicals, power generation, and food processing. In these sectors, extensive networks of hot and cold pipelines are used for process operations and fluid transport, making thermal insulation essential to reduce energy loss, maintain process temperatures, and avoid freezing or condensation. Increasing energy costs and environmental regulations are compelling industries to adopt advanced insulation systems to conserve more energy and reduce carbon emissions. Additionally, growing awareness of workplace safety and equipment longevity is encouraging businesses to invest in insulation materials that protect staff from hot surfaces and mitigate corrosion under insulation (CUI). Industrial expansions, particularly in developing economies in Asia-Pacific and the Middle East, are also driving demand for robust and effective insulation solutions. These factors collectively contribute to the strong growth of the industrial segment in the pipe insulation market throughout the forecast period. Get Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=263389325 Based on the region, North America is forecast to achieve the second-highest CAGR for the pipe insulation market during 2025 to 2030 based on robust regulatory environments, rising investments in infrastructure, and a strong focus on energy efficiency. The industrial base of the region, particularly in petrochemicals, oil & gas, and power generation, is well established and significantly depends on insulated piping systems to minimize heat loss, enhance safety, and adhere to environmental requirements. Moreover, increased retrofit and renovation activities in residential and commercial properties, fueled by energy conservation incentives and green building regulations, are helping to fuel the demand for pipe insulation. The key players profiled in the report include Saint-Gobain S.A. (France), BASF SE (Germany), Johns Manville (US), Owens Corning (US), Kingspan Group PLC (UK), Rockwool A/S (Denmark), Covestro AG (Germany), Huntsman Corporation (US), Armacell (Luxembourg), and Knauf Insulation (US), and among others. Saint-Gobain S.A., established in 1665 with its main office in Courbevoie, France, leads the world in light and sustainable construction. This company has a major impact on the pipe insulation market. With a history of over 360 years, Saint-Gobain creates, makes, and sells materials for building and industrial use. It works through various parts of the business, like construction products, which offer pipe insulation. Headquartered in Ludwigshafen, Germany, BASF SE is one of the world’s leading chemical companies, with a recognized presence in the insulation and construction sectors—particularly in advanced pipe insulation solutions. Through its Performance Materials division, BASF develops and markets innovative thermal insulation systems, leveraging deep expertise in polyurethane chemistry. Browse Adjacent Markets Foam and Insulation Market Research Reports & Consulting Related Reports: Medical Device Packaging Market1,4-Butanediol MarketMilled Carbon Fiber MarketProcess Oil MarketCooling Tower Market CONTACT: About MarketsandMarkets™ MarketsandMarkets™ has been recognized as one of America's Best Management Consulting Firms by Forbes, as per their recent report. MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. With the widest lens on emerging technologies, we are proficient in co-creating supernormal growth for clients across the globe. Today, 80% of Fortune 2000 companies rely on MarketsandMarkets, and 90 of the top 100 companies in each sector trust us to accelerate their revenue growth. With a global clientele of over 13,000 organizations, we help businesses thrive in a disruptive ecosystem. The B2B economy is witnessing the emergence of $25 trillion in new revenue streams that are replacing existing ones within this decade. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing. Built on the 'GIVE Growth' principle, we collaborate with several Forbes Global 2000 B2B companies to keep them future-ready. Our insights and strategies are powered by industry experts, cutting-edge AI, and our Market Intelligence Cloud, KnowledgeStore™, which integrates research and provides ecosystem-wide visibility into revenue shifts. To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter, LinkedIn and Facebook. Contact: Mr. Rohan Salgarkar MarketsandMarkets™ INC. 1615 South Congress Ave. Suite 103, Delray Beach, FL 33445, USA: +1-888-600-6441 Email: sales@marketsandmarkets.com Visit Our Website: www.marketsandmarkets.com
Japanese Shares Hit Record Highs, SoftBank Leads - ForexTV
In post-holiday trading on Tuesday, the Nikkei 225 Index soared by 2.15%, closing at 42,718, while the broader Topix Index rose 1.39% to 3,066, with both benchmarks reaching new record highs. This rise was attributed to strong corporate performances and an improved global trade outlook. The extension of the US-China trade truce for an additional 90 days alleviated tensions, granting negotiators extra time to finalize an agreement. Domestically, investors continued to scrutinize the Bank of Japan’s policy direction, as board members remained divided regarding the timing and pace of future interest rate increases. In corporate developments, there was significant movement with SoftBank Group, which surged nearly 7% following their decision to select investment banks for a prospective US listing of one of its portfolio companies, the Japanese payments app operator PayPay. Other notable performers included Sanrio, which rose by 16.1%, Advantest with a 6.3% gain, and Mitsubishi UFJ which increased by 4.4%.The material has been provided by InstaForex Company - www.instaforex.com
PONY AI Inc. Accelerates Gen-7 Robotaxi Production with over 200 Newly Produced, On Track to Scale Up 1,000-Vehicle Fleet by Year End - ForexTV
Leading National Presence — Launched fully-driverless commercial operations in Shanghai; the ONLY Company commercially operating fully-driverless Robotaxi services across all four tier-one cities in China.Strong Revenues Momentum — Total revenues up 76% year-over-year, with Robotaxi fare-charging revenues surging by over 300%. NEW YORK, Aug. 12, 2025 (GLOBE NEWSWIRE) -- Pony AI Inc. (“Pony.ai” or the “Company”) (Nasdaq: PONY), a global leader in achieving large-scale commercialization of autonomous mobility, today announced its unaudited financial results for the second quarter ended June 30, 2025. Dr. James Peng, Chairman and Chief Executive Officer of Pony.ai, commented, “This quarter marked a significant milestone in our journey toward large-scale production and deployment, further solidifying our leadership in the Robotaxi industry. Since mass production started two months ago, over 2001 Gen-7 Robotaxi vehicles have rolled off the production line, putting us firmly on track to hit the year-end 1,000-vehicle target. Our robust Robotaxi revenues more than doubled, with fare-charging revenues surging by over 300% year-over-year. The path toward positive unit economics is also clear, as we made substantial improvements in key cost items such as remote assistance and vehicle insurance. These achievements are underpinned by our rapid scaling and operational breakthroughs in all four tier-one cities in China, coupled with expanded presence in Dubai, South Korea and Luxembourg. As we enter the second half of this pivotal year of mass production, we are driving strongly toward positive unit economics and accelerating our multi-year growth trajectory.” Dr. Tiancheng Lou, Chief Technology Officer of Pony.ai, commented, “Our leading position in the Robotaxi industry is built on two key pillars, fully-driverless and scale, both of which we have already achieved. With extensive real-world testing and operations across diverse conditions, we have demonstrated our commitment to rigorous engineering practices, the reliability of the autonomous driving stack and the strong generalization capabilities powered by our proprietary PonyWorld. With mass production underway, we are not just on track to reach 1,000 vehicles but building the foundation for sustained future growth.” Dr. Leo Wang, Chief Financial Officer of Pony.ai, commented, “We delivered strong results in the second quarter, with total revenues growing 76% year-over-year, reflecting the effectiveness of our go-to-market execution. Our robust Robotaxi fare-charging revenues growth once again underscores our progress in building a scalable and recurring monetization model and enhancing long-term business visibility. As Gen-7 mass production gains momentum and we maintain disciplined investment, we are well positioned to accelerate the large-scale commercialization.” Kicking off Robotaxi Scaling-up, a Strong Validation of our Scalable Fully-Driverless Advantage Mass production and operations of multiple Gen-7 Robotaxi models. 1) We kicked off mass production of the Guangzhou Automobile Group (“GAC”) and Beijing Automotive Industry Corporation (“BAIC”) Gen-7 Robotaxi models in June and July, respectively. With over 200 already produced, we’re accelerating toward our 1,000-vehicle target by the end of 2025. 2) We initiated operations in all four tier-one cities, collectively accumulating over 2 million kilometers of on-road autonomous driving mileage. This showcases the safety and stability of our entire autonomous driving stack in complex real-world scenarios. 3) We have made significant progress in cost efficiency, driven by an improving remote assistant-to-vehicle ratio and lower vehicle insurance. We are confident of achieving a 1:30 ratio by the end of 2025, enabling one remote assistant to monitor 30 vehicles.Two key pillars for technological advancement: fully-driverless and scale. 1) By achieving fully-driverless operations on a large scale, we have already established ourselves as one of the leading Robotaxi companies worldwide. 2) Among all participants in the World Artificial Intelligence Conference (“WAIC”) 2025 in Shanghai, we were the only provider offering fully-driverless and on-demand ride-hailing services to the public. In addition, we were the only one to remain fully-operational during extreme weather conditions, including typhoons and heavy rainstorms. Accelerating Commercial Deployment with Extending Service and User Coverage Accelerating commercial deployment and expanding ecosystem at scale. 1) Growing user adoption, increasing fleet of deployed Robotaxi vehicles and optimizing operational strategy collectively propelled our fare-charging revenues growth, establishing a sustainable monetization model. 2) We entered into a strategic partnership with Shenzhen Xihu Corporation Limited (“Xihu Group”), Shenzhen’s largest taxi operator, to jointly deploy a fleet of over 1,000 Gen-7 Robotaxis in Shenzhen over the coming years.Scaling up service availability to a wider user group. 1) Registered users on our platform surged by 136% year-over-year in the second quarter. 2) We secured testing permits for Gen-7 Robotaxis in all four tier-one cities, laying out a solid foundation for public-facing commercial deployment. 3) In July, we started fully-driverless commercial Robotaxi services to the public in Shanghai’s Pudong New Area, the heart of Shanghai’s financial district and luxury retails. 4) We extended Robotaxi services from 15 hours per day to full 24/7 coverage in certain areas of Guangzhou and Shenzhen to better fulfill rising user demand. Expanding Global Presence by Entering New Markets and Deepening Our Existing Footprint Strategic collaboration with local partners. We have reached a strategic collaboration with Dubai’s Roads and Transport Authority (“RTA”) to integrate our autonomous driving technology into the city’s future transportation ecosystem. The collaboration will deploy our autonomous driving technology through a multi-phase roll-out, starting with supervised Robotaxi trials in late 2025.Advancing operations to cover diverse environments. We have advanced our presence in South Korea by securing nationwide permits, enabling Robotaxi operations across the country. In Gangnam district, Seoul, we are navigating complex urban traffic and challenging conditions, including winter snowfall. In the second quarter, we further launched nighttime and early-morning operations.Ongoing positive regulatory and testing progress. Following the testing permit granted earlier this year in Luxembourg, we launched road testing in the city of Lenningen in the second quarter in partnership with Emile Weber, Luxembourg’s leading mobility and fleet service provider. 1 As of August 11, 2025, 213 Gen-7 Robotaxi vehicles had been produced. Unaudited Second Quarter 2025 Financial Results (in USD thousands) Three Months Ended Six Months Ended June 30, 2024 June 30, 2025 June 30, 2024 June 30, 2025 Revenues: Robotaxi services 592 1,526 1,168 3,256Robotruck services 10,568 9,520 18,035 17,300Licensing and applications 1,039 10,409 5,517 14,878Total revenues 12,199 21,455 24,720 35,434 Total revenues were US$21.5 million (RMB153.7 million) in the second quarter of 2025, representing an increase of 75.9% from US$12.2 million in the second quarter of 2024. The increase was mainly driven by robust growth in both Robotaxi services and Licensing and Applications revenues.Robotaxi services revenues were US$1.5 million (RMB10.9 million) in the second quarter of 2025, representing an increase of 157.8% from US$0.6 million in the second quarter of 2024. Revenues from both fare-charging and project-based engineering solution services demonstrated rapid growth, with fare-charging revenues surging by over 300% year-over-year. The strong growth was primarily driven by expanding user adoption, growing demand in tier-one cities and an increased fleet of deployed Robotaxi vehicles. We also continued to optimize our pricing and operation strategies across diverse user bases, leading to improved user engagement and service efficiency.Robotruck services revenues were US$9.5 million (RMB68.2 million) in the second quarter of 2025, representing a decrease of 9.9% from US$10.6 million in the second quarter of 2024. The decrease primarily reflected our proactive operation optimization to focus on high-margin revenues.Licensing and applications revenues were US$10.4 million (RMB74.6 million) in the second quarter of 2025, representing a significant increase of 901.8% from US$1.0 million in the second quarter of 2024. The growth was mainly driven by increased orders and deliveries of autonomous domain controller (“ADC”) products, supported by rising demand from both new and existing clients in the robot-delivery segment. Cost of Revenues Total cost of revenues was US$18.0 million (RMB128.9 million) in the second quarter of 2025, representing an increase of 47.0% from US$12.2 million in the second quarter of 2024. Gross Profit (Loss) and Gross Margin Gross profit was US$3.5 million (RMB24.8 million) in the second quarter of 2025, compared to gross loss of US$41 thousand in the second quarter of 2024.Gross margin was 16.1% in the second quarter of 2025, compared to negative 0.3% in the second quarter of 2024. The significant gross margin improvement was mainly driven by our focused strategy on prioritizing high-margin revenues sources within Robotaxi and Robotruck services to reduce gross margin variability. We also made solid progress in optimizing Robotaxi unit economics, particularly key cost items such as remote assistance and vehicle insurance. Operating Expenses Operating expenses were US$64.7 million (RMB463.7 million) in the second quarter of 2025, representing an increase of 75.1% from US$37.0 million in the second quarter of 2024. The increase in share-based compensation expenses reflected the normalization of expense recognition following our IPO in November 2024, as vesting is no longer contingent on IPO completion. Non-GAAP2 operating expenses were US$57.5 million (RMB412.1 million) in the second quarter of 2025, representing an increase of 58.5% from US$36.3 million in the second quarter of 2024. The increase in operating expenses was primarily driven by increased investments in mass production, alongside employee expenses aimed at strengthening R&D capacity for Gen-7 Robotaxi vehicles. Research and development expenses were US$49.0 million (RMB351.2 million) in the second quarter of 2025, representing an increase of 69.0% from US$29.0 million in the second quarter of 2024. Non-GAAP research and development expenses were US$44.1 million (RMB315.6 million), representing an increase of 53.3% from US$28.7 million in the second quarter of 2024. The increase was mainly due to i) investments in mass production for the Gen-7 vehicles and ii) increased employee compensation and benefits to strengthen technological capabilities.Selling, general and administrative expenses were US$15.7 million (RMB112.5 million) in the second quarter of 2025, representing an increase of 97.3% from US$8.0 million in the second quarter of 2024. Non-GAAP selling, general and administrative expenses were US$13.5 million (RMB96.5 million), representing an increase of 78.2% from US$7.6 million in the second quarter of 2024. The increase was primarily due to i) increased personnel expenses in preparation for large-scale commercial deployment and ii) increased professional service fees. Loss from Operations Loss from operations was US$61.3 million (RMB438.9 million) in the second quarter of 2025, compared to US$37.0 million in the second quarter of 2024. Non-GAAP loss from operations was US$54.1 million (RMB387.3 million), compared to US$36.3 million in the second quarter of 2024. Net Loss Net loss was US$53.3 million (RMB381.6 million) in the second quarter of 2025, compared to US$30.9 million in the second quarter of 2024. Non-GAAP net loss was US$46.1 million (RMB329.9 million) in the second quarter of 2025, compared to US$30.3 million in the second quarter of 2024. Basic and Diluted Net Loss per Ordinary Share Basic and diluted net loss per ordinary share was both US$0.14 (RMB1.00) in the second quarter of 2025, compared to US$0.92 in the second quarter of 2024. Non-GAAP basic and diluted net loss per ordinary share was both US$0.13 (RMB0.93) in the second quarter of 2025, compared to US$0.91 in the second quarter of 2024. Each American depositary shares (“ADS”) represents one Class A ordinary share. Balance Sheet and Cash Flow Cash and cash equivalents, short-term investments, restricted cash and long-term debt instruments for wealth management were US$747.7 million (RMB5,356.1 million) as of June 30, 2025. In the second quarter of 2025, financing activities provided cash of US$33.1 million, showing an increase compared to the second quarter of 2024. This was mainly due to employee share sales following the expiration of the lock-up period, resulting in funds collected on behalf of employees for future distribution. 2 Non-GAAP financial measures exclude share-based compensation expenses and changes in fair value of warrants liability, and such adjustment has no impact on income tax. For further details, see the “Unaudited Reconciliation of U.S. GAAP and Non-GAAP Results” set forth at the end of this earnings release. Conference Call Pony.ai will hold a conference call at 8:00 AM U.S. Eastern Time on Tuesday, August 12, 2025 (8:00 PM Beijing/Hong Kong Time on the same day) to discuss financial results and answer questions from investors and analysts. For participants who wish to join the call, please complete online registration using the link provided below prior to the scheduled call start time. Upon registration, participants will receive a confirmation email containing dial-in numbers, passcode, and a unique access PIN. Participant Online Registration: https://dpregister.com/sreg/10201767/ffa814a510 A replay of the conference call will be accessible through August 19, 2025, by dialing the following numbers: United States:1-877-344-7529International:1-412-317-0088Replay Access Code:3152089 Additionally, a live and archived webcast of the conference call will be available on the Company’s investor relations website at https://ir.pony.ai. Exchange Rate This press release contains translations of certain RMB amounts into U.S. dollars (“USD”) at specified rates solely for the convenience of the reader. Unless otherwise stated, all translations from RMB to USD were made at the rate of RMB7.1636 to US$1.00, the noon buying rate in effect on June 30, 2025, in the H.10 statistical release of the Federal Reserve Board. The Company makes no representation that the RMB or USD amounts referred could be converted into USD or RMB, as the case may be, at any particular rate or at all. For analytical presentation, all percentages are calculated using the numbers presented in the financial statements contained in this earnings release. Non-GAAP Financial Measures The Company uses non-GAAP financial measures, such as non-GAAP research and development expenses, non-GAAP selling, general and administrative expenses, non-GAAP operating expenses, non-GAAP loss from operations, non-GAAP net loss, non-GAAP net loss attributable to Pony AI Inc., non-GAAP basic and diluted net loss per ordinary share, and non-GAAP free cash flows, in evaluating its operating results and for financial and operational decision-making purposes. By excluding the impact of share-based compensation expenses and changes in fair value of warrants liability, the Company believes that the non-GAAP financial measures help identify underlying trends in its business and enhance the overall understanding of the Company’s past performance and future prospects. The Company also believes that the non-GAAP financial measures allow for greater visibility with respect to key metrics used by the Company’s management in its financial and operational decision-making. The non-GAAP financial measures are not presented in accordance with U.S. GAAP and may be different from non-GAAP methods of accounting and reporting used by other companies. The non-GAAP financial measures have limitations as analytical tools and when assessing the Company’s operating performance, investors should not consider them in isolation, or as a substitute for financial information prepared in accordance with U.S. GAAP. The Company encourages investors and others to review its financial information in its entirety and not rely on a single financial measure. The Company mitigates these limitations by reconciling the non-GAAP financial measures to the most comparable U.S. GAAP performance measures, all of which should be considered when evaluating the Company’s performance. For more information on the non-GAAP financial measures, please see the table captioned “Unaudited Reconciliation of U.S. GAAP and Non-GAAP Results” set forth at the end of this earnings release. About Pony AI Inc. Pony AI Inc. is a global leader in achieving large-scale commercialization of autonomous mobility. Leveraging its vehicle-agnostic Virtual Driver technology, a full-stack autonomous driving technology that seamlessly integrates Pony.ai’s proprietary software, hardware, and services, Pony.ai is developing a commercially viable and sustainable business model that enables the mass production and deployment of vehicles across transportation use cases. Founded in 2016, Pony.ai has expanded its presence across China, Europe, East Asia, the Middle East and other regions, ensuring widespread accessibility to its advanced technology. For more information, please visit: https://ir.pony.ai. Safe Harbor Statement This press release contains statements that may constitute “forward-looking” statements pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “likely to,” and similar statements. Statements that are not historical facts, including statements about Pony.ai’s beliefs, plans, and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. Further information regarding these and other risks is included in Pony.ai’s filings with the SEC. All information provided in this press release is as of the date of this press release, and Pony.ai does not undertake any obligation to update any forward-looking statement, except as required under applicable law. For investor and media inquiries, please contact: Pony.ai Investor Relations Email: ir@pony.ai Christensen Advisory Email: pony@christensencomms.com Pony AI Inc. Unaudited Condensed Consolidated Balance Sheets (All amounts in USD thousands) As of As ofDecember 31, 2024 June 30, 2025 Assets Current assets: Cash and cash equivalents 535,976 318,533Restricted cash, current 21 20Short-term investments 209,035 289,493Accounts receivable, net 28,555 27,084Amounts due from related parties, current 8,322 7,443Prepaid expenses and other current assets 52,713 59,228Total current assets 834,622 701,801Non-current assets: Restricted cash, non-current 175 188Property, equipment and software, net 17,241 29,443Operating lease right-of-use assets 13,342 16,338Long-term investments 130,799 214,142Prepayment for long-term investments 52,823 25,000Other non-current assets 1,819 4,134Total non-current assets 216,199 289,245Total assets 1,050,821 991,046Liabilities and Shareholders’ Equity Current liabilities: Accounts payable and other current liabilities 66,548 107,804Operating lease liabilities, current 3,438 4,825Amounts due to related parties, current 900 744Total current liabilities 70,886 113,373Operating lease liabilities, non-current 9,835 11,928Other non-current liabilities 1,389 1,480Total liabilities 82,110 126,781Total Pony AI Inc. shareholders’ equity 951,122 853,363Non-controlling interests 17,589 10,902Total shareholders’ equity 968,711 864,265Total liabilities and shareholders’ equity 1,050,821 991,046 Pony AI Inc. Unaudited Condensed Consolidated Statements of Operations and Comprehensive Loss (All amounts in USD thousands, except for share and per share data) Three Months Ended Six Months Ended June 30, 2024 June 30, 2025 June 30, 2024 June 30, 2025 Revenues 12,199 21,455 24,720 35,434 Cost of revenues (12,240) (17,992) (22,134) (29,655)Gross (loss) profit (41) 3,463 2,586 5,779 Operating expenses: Research and development expenses (29,011) (49,030) (58,725) (96,516)Selling, general and administrative expenses (7,956) (15,701) (15,579) (26,574)Total operating expenses (36,967) (64,731) (74,304) (123,090)Loss from operations (37,008) (61,268) (71,718) (117,311)Investment income 5,173 6,513 11,350 28,687 Changes in fair value of warrants liability - - 5,617 - Other income (expenses), net 891 1,493 2,978 (2,015)Loss before income tax (30,944) (53,262) (51,773) (90,639)Income tax expenses (2) (1) (2) (1)Net loss (30,946) (53,263) (51,775) (90,640)Net (loss) income attributable to non-controlling interests (227) (165) (458) 5,446 Net loss attributable to Pony AI Inc. (30,719) (53,098) (51,317) (96,086)Foreign currency translation adjustments (741) 10 (1,046) 114 Unrealized gain (loss) on available-for-sale investments 5,185 (47) 5,236 (13,771)Total other comprehensive income (loss) 4,444 (37) 4,190 (13,657)Total comprehensive loss (26,502) (53,300) (47,585) (104,297)Less: Comprehensive loss attributable to non-controlling interests (268) (134) (529) (252)Total comprehensive loss attributable to Pony AI Inc. (26,234) (53,166) (47,056) (104,045)Weighted average number of ordinary shares outstanding used in computing net loss per ordinary share, basic and diluted 91,777,215 366,831,015 91,557,008 359,375,886 Net loss per ordinary share, basic and diluted (0.92) (0.14) (1.14) (0.27) Pony AI Inc. Unaudited Condensed Consolidated Statements of Cash Flows (All amounts in USD thousands) Three Months Ended Six Months Ended June 30, 2024 June 30, 2025 June 30, 2024 June 30, 2025 Net cash used in operating activities (18,046) (25,411) (59,122) (79,570)Net cash used in investing activities (83,013) (67,145) (28,669) (160,416)Net cash (used in)/provided by financing activities (357) 33,086 (710) 23,600 Effect of exchange rate changes on cash, cash equivalents and restricted cash2,268 (1,167) (2,704) (1,045)Net change in cash, cash equivalents and restricted cash (99,148) (60,637) (91,205) (217,431)Cash, cash equivalents and restricted cash at beginning of period 434,148 379,378 426,205 536,172 Cash, cash equivalents and restricted cash at end of period 335,000 318,741 335,000 318,741 Pony AI Inc. Unaudited Reconciliation of U.S. GAAP and Non-GAAP Results (All amounts in USD thousands, except for share and per share data) Three Months Ended Six Months Ended June 30, 2024 June 30, 2025 June 30, 2024 June 30, 2025 Research and development expenses (29,011) (49,030) (58,725) (96,516)Share-based compensation expenses 273 4,970 605 11,874 Non-GAAP research and development expenses (28,738) (44,060) (58,120) (84,642) Selling, general and administrative expenses (7,956) (15,701) (15,579) (26,574)Share-based compensation expenses 398 2,235 855 4,343 Non-GAAP selling, general and administrative expenses (7,558) (13,466) (14,724) (22,231) Operating expenses (36,967) (64,731) (74,304) (123,090)Share-based compensation expenses 671 7,205 1,460 16,217 Non-GAAP operating expenses (36,296) (57,526) (72,844) (106,873) Loss from operations (37,008) (61,268) (71,718) (117,311)Share-based compensation expenses 671 7,205 1,460 16,217 Non-GAAP loss from operations3 (36,337) (54,063) (70,258) (101,094) Net loss (30,946) (53,263) (51,775) (90,640)Share-based compensation expenses 671 7,205 1,460 16,217 Changes in fair value of warrants liability - - (5,617) - Non-GAAP net loss (30,275) (46,058) (55,932) (74,423) Net loss attributable to Pony AI Inc. (30,719) (53,098) (51,317) (96,086)Share-based compensation expenses 671 7,205 1,460 16,217 Changes in fair value of warrants liability - - (5,617) - Non-GAAP net loss attributable to Pony AI Inc. (30,048) (45,893) (55,474) (79,869) Weighted average number of ordinary shares outstanding used in computing net loss per ordinary share, basic and diluted 91,777,215 366,831,015 91,557,008 359,375,886 Non-GAAP net loss per ordinary share, basic and diluted (0.91) (0.13) (1.19) (0.22) 3 Such adjustments have no impact on income tax for the three-month and six-month periods ended June 30, 2024 and 2025 due to i) the conditions on tax deduction for share-based compensation have not been met, and valuation allowance was provided for all deferred tax assets; and ii) warrants are issued by the Group’s Cayman entity, and its applicable income tax rate is nil. Pony AI Inc. Unaudited Reconciliation of U.S. GAAP and Non-GAAP Results (All amounts in USD thousands, except for share and per share data) Three Months Ended Six Months Ended June 30, 2024 June 30, 2025 June 30, 2024 June 30, 2025 Net cash used in operating activities (18,046) (25,411) (59,122) (79,570)Capital expenditures (1,736) (9,576) (1,906) (14,464)Free cash flows4(Non-GAAP) (19,782) (34,987) (61,028) (94,034) 4 Free Cash Flows are a non-GAAP measure, commonly defined as cash flows from operating activities as presented in the statement of cash flows, less capital expenditures. However, in the context of the Company, operating cash flows are a cash out (i.e., a cash outflow). Free Cash Flows represent the total of operating cash outflows plus capital expenditures. This metric reflects the Company's important cash outflows, as it combines the funds required to maintain operations and invest in growth.
KOSPI Slips on Weak Growth Outlook and Sector Losses - ForexTV
On Tuesday, the KOSPI index experienced a decline of 0.53%, closing at 3,189, as it slipped from earlier advances due to downturns in the consumer non-durables, retail trade, and manufacturing sectors. Prominent decliners included Cosmax Inc, which plunged 16.83%, E-Mart Co, falling 8.14%, and HD Hyundai Electric, down by 1.51%. Market sentiment took a hit after the Korea Development Institute (KDI) held its 2025 growth forecast steady at 0.8%, pointing to ongoing challenges in construction investment. This sector is anticipated to shrink by 8.1% year-on-year in 2025, significantly worse than the 3.3% decrease observed last year. On the international stage, South Korean President Lee Jae-myung is scheduled to meet with US President Donald Trump in Washington on August 25 to enhance bilateral relations and economic security collaboration. Their discussions are expected to concentrate on alleviating the effects of evolving global trade dynamics, particularly those influenced by US tariff policies on South Korea's export-dependent economy.The material has been provided by InstaForex Company - www.instaforex.com
Legal & General taps Tealium & Snowflake to accelerate AI-powered CX and business growth - ForexTV
L&G achieves a 54% increase in call-to-lead conversions, in addition to enhancing internal innovation to boost operational efficiencySan Diego, Aug. 12, 2025 (GLOBE NEWSWIRE) -- Legal & General (L&G), one of the UK’s leading financial services providers, has redefined customer engagement by integrating Tealium’s real-time Customer Data Platform (CDP) with Snowflake’s AI Data Cloud. With 12.8 million customers and a complex portfolio spanning life insurance, pensions, and retirement income, L&G has modernized its digital strategy to deliver faster, more personalized support across channels. Powered by Tealium’s integration with Snowflake’s Snowpipe Streaming API, L&G can better support its customers with application and call center requests by routing them to agents already aware of their specific pain points. This transformation led to a 54% increase in call-to-lead conversions and a 15% boost in application completions through personalized, zero-party data-driven guidance. Marketing teams also saw improved ROI by using a proprietary lifetime value model to optimize spend across paid and CRM channels. “Through Snowflake’s easy, trusted and connected platform combined with Tealium’s CDP, we are helping centralise data so that everyone in L&G who requires data, gets immediate access,” said Rinesh Patel, Global Head of Financial Services, Snowflake. “Business departments are now getting the insights they need to improve experiences for their customers, and boost business productivity.” Legal & General also leveraged the integration to drive internal innovation. The company has automated the analysis of experiments, enabling teams to receive real-time alerts when tests reach statistical significance. This has eliminated the need for manual reviews, allowing teams to make faster, data-driven decisions. As a result, L&G has accelerated its optimization efforts and improved the speed at which new ideas are tested, validated, and scaled across the organization. “On one side, we’ve got Tealium operating in real time. It's one of our highest velocity data platforms in the business,” said Josh Williams, from L&G’s MarTech Engineering team. “It has an incredible variety of data, taking information from an enormous number of sources and forwarding and orchestrating that data to a wide variety of places. Snowflake has deep capabilities in data science, data engineering operations…it holds models and can execute and call those models at a high pace.” Gareth Jones, Head of Engagement MarTech at L&G, continued, “As a product owner, my focus is on setting a clear vision for how this capability delivers value – for both the business and our customers. We demo Tealium at our key stakeholder meetings, sprint reviews, and internal conferences to keep the momentum going and ensure everyone understands its impact.” Looking ahead, L&G is expanding its use of the platform with the deployment of proprietary chatbot large language models (LLMs). By leveraging Tealium’s integration with Model Context Protocol (MCP), the company aims to deliver even more intelligent, context-aware customer experiences through conversational AI. By uniting real-time data orchestration with advanced analytics, Legal & General is closing engagement gaps, improving ROI with a lifetime value model, and driving smarter financial decisions. Check out the full case study. To keep up with the latest company news, visit Tealium’s Newsroom. About Tealium Tealium helps companies collect, govern, and enrich their customer data in real-time to power AI initiatives and delight customers in the moments that matter. Tealium’s turnkey integration ecosystem supports more than 1,300 built-in connections from the world’s most prominent technology experts. Tealium’s solutions include a real-time customer data platform (CDP) with intelligent AI data streaming, tag management, and an API hub. Tealium’s data collection, management, and activation capabilities enable enterprises to accelerate operating performance, enhance customer experiences, drive better outcomes, and support global data compliance. More than 850 leading businesses globally trust Tealium to power their customer data strategies. For more information, visit www.tealium.com. CONTACT: Natalie Passarelli Tealium Inc. natalie.passarelli@tealium.com
Selvam Public Affairs Launches to Drive Policy, Funding and Reputation Wins in Canada and the U.S. - ForexTV
TORONTO, Aug. 12, 2025 (GLOBE NEWSWIRE) -- Award-winning public affairs executive and former Google Policy Lead Saeed Selvam today announced the launch of Selvam Public Affairs (SelvamPA), a full-service, cross-border firm helping organizations secure funding, navigate crises, and secure regulatory wins across Canada and the U.S. With more than 20 years of experience advising global brands, heads of government, and senior executives, Selvam founded the firm to serve as a results-driven partner in a rapidly shifting political and economic landscape. The firm offers integrated services spanning government relations, strategic communications, cross-border advisory, executive search and training. “Today’s leaders don’t just want access, they want a roadmap, traction, and clear ROI,” said Saeed Selvam, Founder & President of Selvam Public Affairs. “We built SelvamPA for organizations that expect public affairs services to perform like any other high-impact business unit: strategically, efficiently, and with outcomes that justify the investment.” SelvamPA supports clients in Canada and the United States across sectors ranging from technology and education to energy, healthcare, and NGOs at the municipal, provincial, and federal levels. About Saeed Selvam Saeed Selvam is a nationally recognized public affairs strategist and trusted advisor to political leaders and global brands. Prior to a senior leadership role at one of Canada’s largest PR agencies, Saeed served as a Global Policy Lead with Google working on high-profile crises like COVID-19 and the Russian invasion of Ukraine. He also served as Managing Director (Ontario and Federal) of New West Public Affairs, scaled ApplyBoard’s marketing communications strategy and was an informal advisor to the Obama-Biden White House, a Premier of Ontario and two Toronto mayors. His work has influenced legislation, unlocked millions in public funding, and enhanced brand reputations across sectors. Saeed is a regular national media commentator, a Millennium Scholar (Government of Canada), recipient of the Lincoln Alexander Award (Government of Ontario), and a Massey Fellow at the University of Toronto. He holds a Master of Public Policy and an Honours Bachelor of Arts in Political Science, both from the University of Toronto. About Selvam Public Affairs Selvam Public Affairs is a government relations and strategic communications firm based in Toronto, Canada, serving clients across Canada and the United States. The firm brings together deep policy insight, multi-partisan networks, and compelling storytelling to help organizations influence policy, shape public opinion, and navigate reputational risk. Learn more at www.selvampa.com. CONTACT: Media Contact Selvam Public Affairs info@selvampa.com
BROAD ARROW PRESENTS STUNNING AND UN-RACED JAGUAR D-TYPE AT INAUGURAL ZÜRICH AUCTION - ForexTV
Highly desirable Jaguar D-Type will be one of the highlights of Broad Arrow Zürich Auction in partnership with Auto Zürich on 1 November 1956 Jaguar D-Type set to star at Broad Arrow's inaugural Zurich Auction Credit - Robin Möhl / Courtesy of Broad Arrow Auctions The unraced, highly original Jaguar D-Type set to star at Broad Arrow's inaugural Zurich Auction Credit - Robin Möhl / Courtesy of Broad Arrow Auctions LONDON, England, Aug. 12, 2025 (GLOBE NEWSWIRE) -- One of only 71 Jaguar D-Types producedRare example that has never been used in competitive motorsportMatching engine and chassis numbersMeticulously cared for by current Swiss owner for past three decadesHighly desirable Jaguar D-Type will be one of the highlights of Broad Arrow Zürich Auction in partnership with Auto Zürich on 1 NovemberD-Type estimated to bring CHF 5’250’000 - 6’250’000 Broad Arrow Auctions, a Hagerty (NYSE: HGTY) company, is proud to offer one of the most pristine examples of the iconic Jaguar D-Type at its inaugural Zürich Auction this November. One of only 71 produced, Chassis XKD 551 is a rare short-nose version of the D-Type and one of the last to have been manufactured. Its desirability is undeniable and further enhanced by the fact that it has never been used in competition, which will undoubtedly generate intense interest among the international collector car community. The Jaguar D-Type will be a highlight of Broad Arrow’s Zürich Auction, which will be held in partnership with Auto Zürich at the world-famous Dolder Grand hotel on Saturday 1 November 2025. “We are extremely honoured to have been granted the opportunity to offer this incredible Jaguar D-Type at our first Zürich Auction,” says Yves Boitel, Car Specialist, EMEA, at Broad Arrow Auctions. “The fact that this car has never been used competitively and has been meticulously cared for throughout its life, makes it one of the most exceptional D-Types in existence and one that will surely create great excitement among collectors.” Manufactured in 1956, chassis XKD 551 was sold to its first private owner in October 1957, who rather than heading to the nearest racetrack as many D-Types did, carefully converted it to semi-XKSS specification, removing the central bulkhead, adding a passenger door, and fitting a full-width windscreen. In 1963, ownership moved to Hon. James Dawnay, who famously owned and raced the Aston Martin DBR1/1. Motorsport provenance continued when it was sold to Australian Formula 1 driver Paul Hawkins. The 1970s saw another owner remove the XKSS-style modifications to return this highly collectible D-Type to its original configuration, and it eventually landed with its current Swiss owner in 1994. Prior to this, the original XK inline-six engine (no. E 2070-9) had been removed to ensure its preservation, with a correct specification engine fitted in its place. The new owner invested in a significant rebuild of the original engine, which continued to be preserved in storage for the next two decades. Recently, XKD 551 was reunited with its original engine, still fresh from its 2005 rebuild, and this incredible D-Type was treated to a service by the renowned Swiss specialists Graber Sportgarage in preparation for the sale. This extremely rare, un-raced example of the iconic Jaguar D-Type, complete with matching chassis and engine numbers, represents a remarkable opportunity for any discerning collector. It is also accompanied by previous FIA Historical Identity Form (1992), FIA Passport (2009) and FIVA Identity Card (2012), and is eligible for the world's most celebrated historic racing events, including the Goodwood Revival, Silverstone Classic, Mille Miglia Storica, Le Mans Classic, Monaco Historic Grand Prix, and Spa Classic. “The excitement is building ahead of our inaugural Zürich Auction,” says Paul Gaucher, Head of Consignments for Switzerland at Broad Arrow Auctions. “The addition of this truly superb example of the iconic Jaguar D-Type will undoubtedly add to that excitement among international car collectors. There is plenty more to come and we can’t wait to share additional news on the highly desirable models that will be joining the catalogue soon.” Additional information on The Zürich Auction is available at broadarrowauctions.com. Collectors interested in consigning to or attending the auction are invited to speak with a Broad Arrow car specialist about this very special addition to the international collector car calendar. Editor’s Notes About Broad Arrow AuctionsBroad Arrow Auctions, a Hagerty (NYSE: HGTY) company, is a leading global collector car auction house. Founded in 2021 by highly experienced industry veterans, Broad Arrow offers exceptional quality cars to collectors and enthusiasts around the world. As the fastest growing auction house in its segment, Broad Arrow’s flagship annual events include The Monterey Jet Center Auction, in conjunction with Motorlux in California, The Amelia Auction, as the official auction of The Amelia (Concours d’Elegance) in Florida, and The Porsche Auction, in conjunction with Air | Water by Luftgekühlt in California. Broad Arrow expanded its global footprint in 2023, with renowned car specialists joining the team in the UK and Europe. Broad Arrow launched its first auction in Europe in May 2025 as the new official auction house of the Concorso d’Eleganza Villa d’Este in Italy in partnership with BMW AG. Broad Arrow now expands its global auction footprint with three new auctions in 2025 to be held during Zoute Grand Prix, Concours at Wynn Las Vegas, and Auto Zürich. Learn more at broadarrowauctions.com and follow us on Instagram, Facebook, LinkedIn, and Twitter. About Hagerty, Inc. (NYSE: HGTY) Hagerty is an automotive enthusiast brand committed to saving driving and to fueling car culture for future generations. The company is a leading provider of specialty vehicle insurance, expert car valuation data and insights, live and digital car auction services, immersive events and automotive entertainment custom made for the 67 million Americans who self-describe as car enthusiasts. Hagerty also operates in Canada and the U.K. and is home to Hagerty Drivers Club, a community of over 875,000 who can’t get enough of cars. For more information, please visit www.hagerty.com or connect with us on Facebook, Instagram, X and LinkedIn. Forward-Looking Statements - This press release contains statements that constitute “forward-looking statements” within the meaning of the federal securities laws. All statements provided, other than statements of historical fact, are forward-looking statements, including those regarding Hagerty’s future operating results and financial position, Hagerty’s business strategy and plans, products, services, and technology implementations, market conditions, growth and trends, expansion plans and opportunities, and Hagerty’s objectives for future operations. The words “anticipate,” “believe,” “envision,” “estimate,” “expect,” “intend,” “may,” “plan,” “predict,” “project,” “target,” “potential,” “will,” “would,” “could,” “should,” “continue,” “ongoing,” “contemplate,” and similar expressions, and the negative of these expressions, are intended to identify forward-looking statements. Hagerty has based these forward-looking statements largely on current expectations about future events, which may not materialize. Actual results could differ materially and adversely from those anticipated or implied in the forward-looking statements. These factors include, among other things, Hagerty’s ability to: (i) compete effectively within our industry and attract and retain our insurance policyholders and paid Hagerty Drivers Club (“HDC”) subscribers; (ii) maintain key strategic relationships with our insurance distribution and underwriting carrier partners; (iii) prevent, monitor, and detect fraudulent activity; (iv) manage risks associated with disruptions, interruptions, outages or other issues with our technology platforms or our use of third-party services; (v) accelerate the adoption of our membership and marketplace products and services, as well as any new insurance programs and products we offer; (vi) manage the cyclical nature of the insurance business, including through any periods of recession, economic downturn or inflation; (vii) address unexpected increases in the frequency or severity of claims, and (viii) comply with the numerous laws and regulations applicable to our business, including state, federal and foreign laws relating to insurance and rate increases, privacy, the internet, and accounting matters. The forward-looking statements herein represent the judgment of Hagerty as of the date of this release and Hagerty disclaims any intent or obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments, or otherwise. This press release should be read in conjunction with the information included in Hagerty’s other press releases, reports and other filings with the Securities and Exchange Commission. Understanding the information contained in these filings is important in order to fully understand Hagerty’s reported financial results and its business outlook for future periods. Attachments 1956 Jaguar D-Type set to star at Broad Arrow's inaugural Zurich Auction The unraced, highly original Jaguar D-Type set to star at Broad Arrow's inaugural Zurich Auction CONTACT: Ian Kelleher Broad Arrow Auctions 917-971-4008 ikelleher@hagerty.com Meghan McGrail Broad Arrow Auctions 519-365-8750 mmcgrail@hagerty.com
Australian Shares Finish at Record Peak - ForexTV
The S&P/ASX 200 index advanced by 0.4%, closing at 8,881 on Tuesday. This uptick in investor confidence followed the Reserve Bank of Australia's recent decision on monetary policy. The central bank cut the cash rate by 25 basis points to a two-year threshold of 3.60%, marking the third such reduction this year. This unanimous move was driven by emerging signs of diminishing inflationary pressures and a softening labor market. Additionally, market optimism was bolstered by the extension of a 90-day pause in US-China trade tensions, a move perceived as a de-escalation measure that provides further negotiation time and alleviates fears of rekindled disputes. The banking sector experienced gains as ANZ surged 2.2%, and Westpac increased by 0.9% in anticipation of their forthcoming earnings announcements later in the week, with Commonwealth Bank rising marginally by 0.1% ahead of its full-year results expected on Wednesday. In other sectors, Star Entertainment achieved a remarkable 23.6% increase—its most significant one-day rise ever—after reaching an agreement to sell its 50% share in a A$3.6 billion Brisbane resort.The material has been provided by InstaForex Company - www.instaforex.com
China Car Sales Rise 14.7% in July - ForexTV
Vehicle sales in China experienced a 14.7% increase in July 2025 compared to the same period last year, building upon a 13.8% rise in June, according to the China Association of Automobile Manufacturers (CAAM). Notably, sales of new energy vehicles (NEVs) jumped by 27.4% in July, marking the fifth consecutive month of growth. Over the first seven months of 2025, total vehicle sales grew by 12.0%, with NEV sales skyrocketing by 38.5%. Earlier predictions from CAAM anticipated a 4.7% rise in car sales, reaching 32.9 million units, while NEV sales were expected to climb by 24.4% to 16 million units. The previous year saw total vehicle sales grow by 4.5% to 31.436 million units, a notable deceleration from the 12% increase recorded in 2023.The material has been provided by InstaForex Company - www.instaforex.com
Caledonia Mining Corporation Plc: Results for the Quarter ended June 30, 2025 - ForexTV
Details of Management Conference Call Strong Performance Driven by Record Q2 Production and Higher Gold Prices ST HELIER, Jersey, Aug. 11, 2025 (GLOBE NEWSWIRE) -- Caledonia Mining Corporation Plc (“Caledonia” or “the Company”) (NYSE AMERICAN: CMCL; AIM: CMCL; VFEX: CMCL) announces its operating and financial results for the quarter ended June 30, 2025 (“Q2 2025” or the “Quarter”). Further information on the financial and operating results for the Quarter can be found in the Management Discussion and Analysis (“MD&A”) and the unaudited condensed consolidated interim financial statements, which are available on the Company’s website and are being filed on SEDAR+. Q2 2025 HIGHLIGHTS Financial Highlights: Gold revenue of $65.0 million (second quarter of 2024 (“Q2 2024”): $50.1 million, +30%)Gross profit of $33.8 million (Q2 2024: $22.9 million, +48%)EBITDA of $39.5 million (including one off profit on sale of solar plant in April 2025 of $8.5m) (Q2 2024: $20.4 million, +94%)Net profit attributable to shareholders of the Company of $20.5 million (Q2 2024: $8.3 million, +147%)Adjusted EPS of 113.9 cents (Q2 2024: 44.6 cents, +155%)Net cash from operating activities of $28.1 million (Q2 2024: $19.1 million, +47%)Net cash position (including fixed term deposits) improved to $26.2 million (Q2 2024: negative $1.4 million)A dividend of 14 cents per share was declared today, August 11, 2025Completion of the solar plant sale (through the sale of the Zimbabwe subsidiary owning the plant) to CrossBoundary Energy Holdings for $22.35 million which was paid in cash Operational Highlights: Production at Blanket Mine of 21,070 ounces (Q2 2024: 20,773 ounces, +1.4%)Production guidance at Blanket Mine for 2025 increased to 75,500 - 79,500 ounces of goldOn-mine cost per ounce of $1,123 (Q2 2024: $1,013, +10.9%)All-in sustaining cost (“AISC”) per ounce of $1,805 (Q2 2024: $1,485, +21.5%)Average realised gold price of $3,188 per ounce (Q2 2024: $2,302, +38.5%)Continued progress on Bilboes feasibility study and Motapa exploration programmeContinued exploration at Blanket to upgrade inferred resources and explore new areas within the mining lease area. Mark Learmonth, Chief Executive Officer, commented: “Caledonia has delivered another strong quarter, highlighted by record second-quarter gold production at Blanket and a substantial increase in profitability, reflecting strong operational performance and a higher gold price environment. I would like to thank the team for their hard work and contribution. “The successful sale of our solar plant in April has strengthened our balance sheet and ensures a reliable, long-term renewable energy supply for Blanket Mine. “Our ongoing drilling campaign at Blanket Mine continues to demonstrate encouraging results, further improving our confidence in the mineral resource and pointing to additional future mineral resource growth. The grades and widths we are seeing from this drilling campaign are as good as and, in some cases, considerably better than results from previous drilling campaigns. “We are encouraged by the progress on the Bilboes feasibility study, and we continue to evaluate opportunities that could materially improve project economics. At the same time, our exploration programme at Motapa is advancing well, with a clear focus on identifying both sulphide and oxide resources that could support near-term production and longer-term growth. “Looking ahead, we remain focused on delivering our increased production guidance at Blanket, and advancing our growth pipeline in a way that maximises long-term value for shareholders. With a strong operational base and a clear strategic roadmap, Caledonia is well positioned to continue building on this positive momentum.” Revenue and Profit Revenue for the Quarter was $65.0 million, a 30% increase from $50.1 million in Q2 2024. This improvement was driven by higher gold prices and slightly higher production. Gross profit increased to $33.8 million (Q2 2024: $22.9 million). Net profit attributable to shareholders of the Company more than doubled to $20.5 million (Q2 2024: $8.3 million), while adjusted EPS rose to 113.9 cents from 44.6 cents in Q2 2024. Costs Consolidated on-mine cost per ounce increased by 10.9% to $1,123 (Q2 2024: $1,013), primarily due to higher labour and consumables costs at Blanket Mine. Labour costs increased due to a higher headcount, inflationary salary increases, bonuses paid for higher production, and overtime worked. Consumable costs per ounce at Blanket increased due to higher repair and maintenance activities at the metallurgical plant and on underground trackless mining machinery in the Quarter. Consolidated AISC rose to $1,805 per ounce (Q2 2024: $1,485); this was as expected due to higher on-mine costs and increased sustaining capital expenditure (as planned). Full year sustaining capital expenditure remains on target. Cash Generation During the half year ended 30 June 2025, Caledonia generated operating cash inflows of $41.3 million (Q2 2025: $28.1 million), driven by higher production at Blanket and a favourable gold price environment. An additional $22.35 million (pre-tax) was received in the Quarter from the sale of the solar plant, further strengthening the group’s cash position. This strong cash generation supported continued investment in strategic growth. The group invested $17.7 million during the half year (Q2 2025: $10.5 million) in property, plant, and equipment on key infrastructure at Blanket. A further $3.1 million during the half year (Q2 2025: $1.8 million) was allocated to exploration and evaluation activities, primarily at Bilboes and Motapa. To optimise short-term returns and strengthen the balance sheet, $18.0 million was placed into fixed-term deposits during the Quarter. Financing activities had a net outflow of $6.0 million during the half year (Q2 2025: $6.9 million), with three key drivers being net proceeds from loans and bond issuance for supporting capital projects making a positive contribution of $3.2 million (Q2 2025: $0.8 million) and an outflow of $9.0 million (Q2 2025: $7.6 million) returned to Caledonia and Blanket minority shareholders through dividends. Additionally, $0.1 million (Q2 2025: $0.1 million) paid lease liabilities in the period. As a result of all the key movements above, cash and cash equivalents increased by $16.9 million during the half year (Q2 2025: $12.8 million) to $8.2 million. This reflects Caledonia’s prudent treasury management and balanced approach to deploying capital for both growth and shareholder returns. OPERATIONAL REVIEW Blanket Mine Blanket Mine produced 21,070 ounces of gold in Q2 2025, a 1.4% increase from 20,773 ounces in Q2 2024. The increase was due to higher grades and better plant recoveries. As announced on July 16, 2025, Blanket's annual production guidance for 2025 was increased to 75,500 - 79,500 ounces, reflecting a strong operational performance. The plant recovery rate in the Quarter was 94.4%, which represents a new record. The improved recovery was due to the introduction of an additional tank in the carbon-in-leach circuit, closer attention to dosage levels of reagents and improved process controls. The improved recovery rate in the Quarter compared to the average recovery of 93.6% in 2024 resulted in approximately 175 ounces of additional gold production in the Quarter. In the absence of unforeseen changes to the ore feed grade or mineralogy, it is anticipated that the recovery rate achieved in the Quarter can be sustained. The metallurgical team at Blanket continues to evaluate opportunities to achieve further improvements in recovery. Exploration at Blanket is ongoing with encouraging high grade results. The programme is aimed at evaluating the continuity of the mineralised zones on the Blanket, Eroica and Lima orebodies (which comprise three of the main orebodies at Blanket Mine). The objectives of the programme are to increase the confidence levels of the existing mineral resource and to grow the mineral resource estimate below the 34 level (1,110 metres) of the mine. Results from 6,976 metres of underground drilling from January 2024 to the end of April 2025 indicate that the existing Blanket and Eroica orebodies have grades and widths which are generally better than expected, while the Lima orebody is shown to continue below 22 level (750 metres). A new potential orebody has been intersected in the Blanket orebody area of the mine, with impressive grades and widths. Solar Plant Sale Summary On 11 April, 2025, Caledonia sold its Zimbabwe subsidiary, Caledonia Mining Services (Private) Limited (“CMS”), to CrossBoundary Energy Holdings for $22.35 million in cash. CMS owns the 12.2MWac solar plant powering Blanket Mine, which will continue supplying energy under an exclusive agreement. Bilboes Project The feasibility study for the Bilboes sulphide project is progressing well and we continue to evaluate new opportunities which may enhance the economics of the project and the potential for near-term, low capital revenue opportunities elsewhere in Caledonia's asset portfolio to contribute to funding the Bilboes project. In the Quarter, 372 ounces of gold were produced from the Bilboes oxide mine. Motapa Exploration After the encouraging results from the 2024 exploration programme, a $2.8 million exploration programme is underway at Motapa for 2025, targeting sulphide and oxide resources across the Motapa property. With Motapa's location adjacent to Bilboes, significant synergies could be obtained should a viable resource be identified through the planned exploration programme. To the end of June 2025, a total of 1,788 meters of diamond drilling and 9,638 meters of reverse circulation drilling has been completed. A full overview of activities and results are expected to be provided during the second half of 2025. LEADERSHIP CHANGES Mr. Johan Holtzhausen retired from the Board and as chair of the Audit Committee in May 2025. Ms. Tariro Gadzikwa was appointed as chair of the Audit Committee. REPORTING CHANGES Caledonia will no longer publish financial statements and management’s discussion and analysis (MD&A) reports on a quarterly basis in accordance with Canadian securities regulations. This decision aligns with applicable exemptions under Canadian securities regulations, including National Instrument 71-102 – Continuous Disclosure and Other Exemptions Relating to Foreign Issuers, and reflects our status as an SEC foreign issuer with equivalent disclosure obligations outside Canada. We remain fully committed to transparent and timely disclosure of material information through the publication of our annual and half-yearly financial statements and via recognised regulatory channels, and, going forwards, we anticipate publishing revenue, costs and production results for the quarters for which we do not release detailed financial results (namely, the first and third quarters). This change does not affect our obligation to disclose any significant developments or risks that may materially impact the group’s financial position or performance. We will continue to provide comprehensive MD&A commentary as part of our annual and semiannual reporting cycle. OUTLOOK AND GUIDANCE Blanket is on track to achieve production within its updated guidance range of 75,500 to 79,500 ounces1 for 2025, while continuing to modernise operations and improve mining and operational cost efficiencies. Further exploration is being undertaken at Blanket, aiming to upgrade existing inferred mineral resources to measured and indicated categories, with the goal of extending the mine’s life. In addition, exploration is ongoing in target areas outside the current mine footprint within the Blanket mining lease area. Work continues on the feasibility study for the Bilboes sulphide project, including the assessment of new factors that may enhance the project’s economics. At Motapa, exploration efforts are progressing through a $2.8 million programme focused on both oxide and sulphide resources. INVESTOR CONFERENCE CALL Details of Investor and Analyst Presentation Conference Call Details A presentation for investors and analysts will be held as follows: When: August 13, 2025 at 2:00pm London time Topic: Q2 2025 Results Call for Investors Register in advance for this webinar: https://brrmedia.news/CMCL_Q225 ________________________ 1 Refer to the technical report entitled "NI 43-101 Technical Report on the Blanket Gold Mine, Zimbabwe" with effective date December 31, 2023 prepared by Caledonia Mining Corporation Plc and filed by the Company on SEDAR+ (https://www.sedarplus.ca) on May 15, 2024. Craig James Harvey, MGSSA, MAIG, Caledonia Vice President, Technical Services, has reviewed and approved the scientific and technical information contained in this news release. Craig James Harvey is a "Qualified Person" as defined by each of (i) the Canadian Securities Administrators' National Instrument 43-101 - Standards of Disclosure for Mineral Projects and (ii) sub-part 1300 of Regulation S-K of the U.S. Securities Act. Enquiries: Caledonia Mining Corporation Plc Mark LearmonthTel: +44 1534 679 800Camilla HorsfallTel: +44 7817 841 793 Cavendish Capital Markets Limited (Nomad and Joint Broker) Adrian HaddenTel: +44 207 397 1965Pearl KellieTel: +44 131 220 9775 Panmure Liberum (Joint Broker) Scott MathiesonTel: +44 20 3100 2000 Camarco, Financial PR/ IR (UK) Gordon PooleTel: +44 20 3757 4980Elfie Kent Fergus Young 3PPB (Financial PR, North America) Patrick ChidleyTel: +1 917 991 7701Paul DurhamTel: +1 203 940 2538 Curate Public Relations (Zimbabwe) Debra TatendaTel: +263 77802131 IH Securities (Private) Limited (VFEX Sponsor - Zimbabwe) Lloyd MlotshwaTel: +263 (242) 745 119/33/39 This announcement contains inside information which is disclosed in accordance with the Market Abuse Regulation (EU) No. 596/2014 (“MAR”) as it forms part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 and is disclosed in accordance with the Company's obligations under Article 17 of MAR. Cautionary Note Concerning Forward-Looking Information Information and statements contained in this news release that are not historical facts are "forward-looking information" within the meaning of applicable securities legislation that involve risks and uncertainties relating, but not limited to Caledonia's current expectations, intentions, plans, and beliefs. Forward-looking information can often be identified by forward-looking words such as "anticipate", "believe", "expect", "goal", "plan", "target", "intend", "estimate", "could", "should", "may" and "will" or the negative of these terms or similar words suggesting future outcomes, or other expectations, beliefs, plans, objectives, assumptions, intentions or statements about future events or performance. Examples of forward-looking information in this news release include: production guidance, expected recovery rates, our plans and timing regarding further exploration and drilling and development, future costs, the development of Bilboes and Motapa, the amount and funding of capital costs and the publication of the Bilboes feasibility study. This forward-looking information is based, in part, on assumptions and factors that may change or prove to be incorrect, thus causing actual results, performance or achievements to be materially different from those expressed or implied by forward-looking information. Such factors and assumptions include, but are not limited to: failure to establish estimated resources and reserves, the grade and recovery of ore which is mined varying from estimates, success of future exploration and drilling programs, reliability of drilling, sampling and assay data, assumptions regarding the representativeness of mineralization being inaccurate, success of planned metallurgical test-work, capital and operating costs varying significantly from estimates, delays in obtaining or failures to obtain required governmental, environmental or other project approvals, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects and other factors. Security holders, potential security holders and other prospective investors should be aware that these statements are subject to known and unknown risks, uncertainties and other factors that could cause actual results to differ materially from those suggested by the forward-looking statements. Such factors include, but are not limited to: risks relating to estimates of mineral reserves and mineral resources proving to be inaccurate, fluctuations in gold price, risks and hazards associated with the business of mineral exploration, development and mining, risks relating to the credit worthiness or financial condition of suppliers, refiners and other parties with whom the Company does business; inadequate insurance, or inability to obtain insurance, to cover these risks and hazards, employee relations; relationships with and claims by local communities and indigenous populations; political risk; risks related to natural disasters, terrorism, civil unrest, public health concerns (including health epidemics or outbreaks of communicable diseases such as the coronavirus (COVID-19)); availability and increasing costs associated with mining inputs and labour; the speculative nature of mineral exploration and development, including the risks of obtaining or maintaining necessary licenses and permits, diminishing quantities or grades of mineral reserves as mining occurs; global financial condition, the actual results of current exploration activities, changes to conclusions of economic evaluations, and changes in project parameters to deal with unanticipated economic or other factors, risks of increased capital and operating costs, environmental, safety or regulatory risks, expropriation, the Company's title to properties including ownership thereof, increased competition in the mining industry for properties, equipment, qualified personnel and their costs, risks relating to the uncertainty of timing of events including targeted production rate increase and currency fluctuations, risks related to potentially being unable to remedy the deficiency in control over accounting for deferred tax liabilities and risks related to potentially being unable to prevent financial statements misstatements in the future. Security holders, potential security holders and other prospective investors are cautioned not to place undue reliance on forward-looking information. By its nature, forward-looking information involves numerous assumptions, inherent risks and uncertainties, both general and specific, that contribute to the possibility that the predictions, forecasts, projections and various future events will not occur. Caledonia undertakes no obligation to update publicly or otherwise revise any forward-looking information whether as a result of new information, future events or other such factors which affect this information, except as required by law. This news release is not an offer of the shares of Caledonia for sale in the United States or elsewhere. This news release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of the shares of Caledonia, in any province, state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such province, state or jurisdiction. Consolidated statements of profit or loss and other comprehensive income(in thousands of United States Dollars, unless indicated otherwise)For the Six months ended June 30Six months endedJune 30Unaudited 2025 2024 2025 2024 Restated* Restated* Revenue 65,309 50,107 121,487 88,635 Royalty (3,507)(2,475)(6,278)(4,409)Production costs (23,954)(20,460)(46,576)(39,420)Depreciation (4,042)(4,239)(7,901)(8,058)Gross profit 33,806 22,933 60,732 36,748 Net foreign exchange loss (1,026)(2,182)(2,278)(7,064)Administrative expenses (4,363)(3,664)(8,961)(6,275)Fair value loss on derivative financial instrument - (174)(1,592)(476)Equity-settled share-based expense (226)(305)(82)(506)Cash-settled share-based (expense) / credit (285)(4)(443)(57)Other expenses (1,103)(664)(1,946)(1,264)Other income 75 185 141 349 Profit on the sale of non-current assets held for sale 8,540 - 8,540 - Operating profit 35,418 16,125 54,111 21,455 Finance income 121 3 127 9 Finance cost (602)(797)(1,502)(1,529)Profit before tax 34,937 15,331 52,736 19,935 Tax expense (11,341)(5,151)(17,977)(7,681)Profit for the period 23,596 10,180 34,759 12,254 Other comprehensive income Items that are or may be reclassified to profit or loss Exchange differences on translation of foreign operations 239 178 446 34 Total comprehensive income for the period 23,835 10,358 35,205 12,288 Profit attributable to: Owners of the Company 20,487 8,283 29,402 9,769 Non-controlling interests 3,109 1,897 5,357 2,485 Profit for the period 23,596 10,180 34,759 12,254 Total comprehensive income attributable to: Owners of the Company 20,726 8,461 29,848 9,803 Non-controlling interests 3,109 1,897 5,357 2,485 Total comprehensive income for the period 23,835 10,358 35,205 12,288 Earnings per share Basic earnings per share (cents) 105.7 41.6 150.3 48.9 Diluted earnings per share (cents) 105.7 41.6 150.3 48.9 Adjusted earnings per share Basic earnings per share (cents) 113.9 44.6 172.4 54.2 Dividends per share (cents) 14.0 14.0 28.0 28.0 * Refer to note 27. Summarised Consolidated Statements of Financial Position (in thousands of United States Dollars, unless indicated otherwise)UnauditedJun 30 Dec 31 Dec 31 As at2025 2024 2023 *Restated Total non-current assets300,646 287,046 274,074 Income tax receivable106 355 1,120 Inventories29,528 23,768 20,304 Derivative financial assets- - 88 Trade and other receivables9,364 12,675 9,952 Prepayments11,663 6,748 2,538 Fixed term deposit18,000 - - Cash and cash equivalents19,860 4,260 6,708 Assets held for sale- 13,512 13,519 Total assets389,167 348,364 328,303 Total non-current liabilities73,741 68,505 63,970 Cash-settled share-based payment751 634 920 Income tax payable9,122 2,958 10 Lease liabilities278 95 167 Loans and borrowings1,741 1,174 - Loan note instruments1,093 855 665 Trade and other payables29,137 26,647 20,503 Overdrafts11,649 12,928 17,740 Liabilities associated with assets held for sale- 104 128 Total liabilities127,512 113,900 104,103 Total equity261,655 234,464 224,200 Total equity and liabilities389,167 348,364 328,303 Consolidated statements of cash flows(in thousands of United States Dollars, unless indicated otherwise)Unaudited Three months ended June 30,Six months ended June 30, 2025 2024 2025 2024 Cash inflow from operations 34,111 20,988 52,668 27,523 Interest received 11 3 17 9 Finance costs paid (623)(710)(1,166)(1,283)Tax paid (5,415)(1,195)(10,246)(2,276)Net cash inflow from operating activities 28,084 19,086 41,273 23,973 Cash flows used in investing activities Acquisition of property, plant and equipment (10,511)(6,897)(17,761)(10,638)Expenditure on exploration and evaluation assets (1,831)(733)(3,060)(1,163)Proceeds from sale of non-current asset held for sale (net of selling costs) 21,966 - 21,966 - Proceeds from the sale of property plant and equipment 17 - 17 - Acquisition of put options - (168)(1,592)(408)Investment in fixed term deposits (18,000)- (18,000)- Net cash used in investing activities (8,359)(7,798)(18,430)(12,209) Cash flows from financing activities Dividends paid (7,606)(2,912)(8,993)(5,632)Payment of lease liabilities (104)(38)(133)(75)Proceeds from loans and borrowings 1,259 2,032 1,259 2,032 Repayments of loans and borrowings (472)- (472)- Bonds - solar bond issue receipts (net of transaction cost) - 1,939 2,387 1,939 Net cash (used in) / from financing activities (6,923)1,021 (5,952)(1,736) Net increase in cash and cash equivalents 12,802 12,309 16,891 10,028 Effect of exchange rate fluctuations on cash and cash equivalents (19)485 (12)(362)Net cash and cash equivalents at the beginning of the period (4,572)(14,160)(8,668)(11,032)Net cash and cash equivalents at the end of the period 8,211 (1,366)8,211 (1,366)
Palm Oil Flat After Monthly Data - ForexTV
Malaysian palm oil futures remained relatively stable, hovering near MYR 4,250 per tonne, following slight gains in the previous session. This stability comes as traders evaluated the latest monthly data from the Malaysian Palm Oil Board (MPOB). In July, inventories increased by 4.02% from the previous month, reaching 2.11 million metric tons, marking the highest level in almost two years. Additionally, crude palm oil production rose by 7.09% to 1.81 million tons, the highest since September 2024. Meanwhile, exports saw a recovery, climbing by 3.82% to 1.31 million tons in July after a significant decline in June. In a separate report, cargo surveyor Intertek Testing Services noted that shipments from August 1 to 10 rose sharply by 23.3% to 482,576 metric tons. Outside of industry-specific data, investors monitored the approaching August 12 deadline for China to finalize a lasting tariff agreement with the U.S. In Indonesia, the demand for biodiesel remained robust, supported by a 50% blending mandate. In India, the world's largest palm oil consumer, early purchases are anticipated in August and September in preparation for the Diwali festivals in mid-October.The material has been provided by InstaForex Company - www.instaforex.com
Bitcoin Rallies to $122K - ForexTV
Bitcoin experienced a notable increase of over 2%, reaching approximately $122,000 on Monday. This rise approaches new all-time highs following a month-long period of consolidation. The uptrend was driven by positive developments emerging from Washington. Analysts pointed to reports suggesting that US President Donald Trump might issue an executive order permitting the inclusion of cryptocurrency investments in 401(k) retirement plans. Such a move could potentially unlock access to as much as $9 trillion in funds for the cryptocurrency markets. Additional positive influences were noted from robust ETF inflows and heightened bitcoin acquisitions by companies supported by substantial treasuries. Michael Saylor, Executive Chairman of MicroStrategy, announced on social platform X this past Sunday that the company intends to increase its bitcoin holdings, currently valued at $76.8 billion. Additionally, investors are closely monitoring upcoming US inflation data scheduled for release this week, which could impact the Federal Reserve’s future policy direction.The material has been provided by InstaForex Company - www.instaforex.com
Net Asset Value of EfTEN Real Estate Fund AS as of 31 July 2025 - ForexTV
In July 2025, EfTEN Real Estate Fund AS earned consolidated rental income of EUR 2,689 thousand, an increase of EUR 39 thousand compared to June. The increase in rental income was mainly driven by the expiry of a rent discount period for a logistics sector tenant and higher turnover rents in the Mustika and Saules Miestas shopping centres. Other sales income decreased by EUR 33 thousand compared to June, primarily due to lower profit from the mediation of services. The Fund’s consolidated net operating income (NOI) in July totalled EUR 2,604 thousand, decreasing by EUR 10 thousand from June. General expenses were lower in July, mainly because the comparative month property valuation costs. As a result, the Fund’s consolidated EBITDA remained at the same level as in the previous month, amounting to EUR 2,310 thousand. During the first seven months of 2025, the Fund earned consolidated rental income of EUR 18.27 million, an increase of 2.0% compared to the same period last year. Consolidated EBITDA amounted to EUR 15.21 million, remaining at the same level year-on-year. Adjusted cash flow (EBITDA less loan principal repayments and interest expenses) for the seven-month period totalled EUR 7.10 million, up 15% compared to the same period last year, mainly due to additional cash flow from new acquisitions and developments, as well as lower interest expenses resulting from the lower EURIBOR rates. Based on the results for the first seven months, the Fund has generated a potential gross dividend of 49.62 cents per share for its investors, 8.7% higher than in the same period last year. The Fund Manager will perform more detailed calculations regarding the refinancing of the loans and the potential dividend expected for 2025 in the autumn. As of the end of July, the Fund’s net asset value (NAV) per share was EUR 20.13 and EPRA NRV was EUR 21.0097. Both indicators increased by 0.8% over the month. Marilin HeinCFOPhone +372 6559 515E-mail: marilin.hein@eften.ee Attachment EREF_reports_monthly_07.2025.pdf
Norway Producer Prices Fall at Softer Pace - ForexTV
In July 2025, Norway experienced a 0.3% decrease in producer prices compared to the previous year. This marks the third consecutive month of producer deflation, although it indicates a moderation from the 1% decline observed in June. Specifically, the rate of price reduction for energy goods became less severe (-4.2% compared to -5.4% in June), as well as for the extraction of oil and natural gas (-5.7% versus -6.6%). Conversely, there was an acceleration in price growth for sectors such as electricity, gas, and steam (23.6% up from 12.9%), along with manufacturing (2% compared to 1.8%). Excluding energy goods, producer prices slightly rose, reaching 2.9% in July, up from 2.8% in June. On a month-to-month basis, producer prices increased by 0.8%, recovering from a 0.3% decline in the prior month.The material has been provided by InstaForex Company - www.instaforex.com
Novartis announces both ianalumab Phase III clinical trials met primary endpoint in patients with Sjögren’s disease - ForexTV
Ad hoc announcement pursuant to Art. 53 LR NEPTUNUS-1 and NEPTUNUS-2 are the first ever global phase III trials to demonstrate statistically significant reduction in disease activity for Sjögren’s disease1 Ianalumab has the potential to become the first and only targeted treatment approved for patients with Sjögren’s diseaseIanalumab was well tolerated and demonstrated a favorable safety profile in Sjögren's disease1,2Novartis plans to present its data at an upcoming medical congress and submit to health authorities globally Basel, August 11, 2025 – Novartis today announced positive top-line results from its Phase III trials evaluating ianalumab (VAY736) in adults with active Sjögren's disease. Both trials met the primary endpoint of demonstrating statistically significant improvements in disease activity1. These results support the potential for ianalumab, a drug with a dual mechanism of action, B-cell depletion and BAFF-R inhibition, to become the first targeted treatment for patients with Sjögren’s disease, a chronic, disabling autoimmune disease3,4,5. "Sjögren’s disease is a serious, progressive, systemic autoimmune disease, often unrecognized or misdiagnosed with a significant detrimental impact to quality of life, with very limited treatment options and an established unmet need. Both Phase III trials demonstrate that ianalumab improves disease activity in patients with Sjogren’s disease.” said Shreeram Aradhye, M.D., President of Development and Chief Medical Officer at Novartis. “These Phase III studies mark a significant milestone. We look forward to engaging with health authorities to discuss these findings in the near future.” The NEPTUNUS pivotal trials achieved the primary endpoint of improving disease activity measured by a reduction in EULAR Sjögren’s syndrome disease activity index (ESSDAI), a multi-dimensional disease activity measurement compared to placebo1. Ianalumab was well tolerated and demonstrated a favorable safety profile in Sjögren's disease1,2. Novartis plans to present the NEPTUNUS-1 and NEPTUNUS-2 data at an upcoming medical meeting and submit ianalumab, which was granted Fast Track Designation by the US Food and Drug Administration (FDA), to health authorities globally6. About ianalumab Ianalumab (VAY736) is a novel fully human monoclonal antibody being investigated for its potential to treat various B cell-driven autoimmune diseases, including Sjögren’s disease, immune thrombocytopenia (ITP), systemic lupus erythematosus (SLE), lupus nephritis (LN), warm autoimmune hemolytic anemia (wAIHA) and diffuse cutaneous systemic sclerosis (dcSSc)3,7-13. Its mechanism of action targets B cells in two ways, namely combining B cell depletion via antibody-dependent cellular toxicity (ADCC) and interruption of BAFF- R mediated signals of B cell function and survival3. In clinical trials, ianalumab showed promising efficacy and a favorable safety profile in Sjögren’s disease, systemic lupus erythematosus, and immune thrombocytopenia2,14,15. Ianalumab originates from an early collaboration with MorphoSys AG, a company which Novartis later acquired in 202416. About NEPTUNUS-1 and NEPTUNUS-2 The phase III clinical trials, NEPTUNUS-1 and NEPTUNUS-2, are global, multicenter, pivotal studies evaluating the efficacy and safety of ianalumab in patients with Sjögren’s disease7,8. These trials were designed to provide comprehensive data on ianalumab's potential as a targeted treatment for Sjögren’s disease, in patients with active extraglandular disease.3,7,8. NEPTUNUS-1 is a randomized, double-blind, 2-arm multicenter phase III trial (N=275) to evaluate the clinical efficacy, safety, and tolerability of ianalumab 300 mg subcutaneous (s.c.) monthly compared with placebo for 52 weeks7. NEPTUNUS-2 is a randomized, double-blind, 3-arm multicenter phase III trial (N=504) to evaluate the clinical efficacy, safety, and tolerability of ianalumab 300 mg s.c. monthly or every 3 months compared with placebo for up to 52 weeks8. The primary endpoint was measured by improvements in systemic disease activity using ESSDAI (EULAR Sjögren’s syndrome disease activity index)7,8. Patients currently enrolled in NEPTUNUS-1 and NEPTUNUS-2 have been given the opportunity to continue follow-up in these studies or enter a long-term extension trial17. About Sjögren’s disease (previously called Sjögren’s syndrome) Sjögren’s disease is a systemic, chronic autoimmune disorder that causes inflammation and tissue damage, impacting the entire body4. It primarily affects exocrine glands, leading to excessive dryness, with over 90 percent of patients experiencing dry eyes and dry mouth4,18. The disease is heterogenous, patients experience dryness, fatigue and widespread pain and 30-40 percent of patients will also show extraglandular organ involvement5,19. Extraglandular manifestation can be very diverse and can affect skin, musculoskeletal system, kidneys, lungs and other organs19. The risk of lymphoma is increased in patients with Sjögren’s5. Sjögren’s is one of the most prevalent rheumatic autoimmune diseases, affecting approximately 0.25 percent of the population with an estimated 50 percent undiagnosed 20-21. Sjögren’s is nine times more common in women than men4. B cell dysfunction plays a significant role in the disease by causing an autoimmune response that leads to inflammation and tissue damage3,4. There are no systemic treatments approved, with only limited symptomatic treatments available to provide temporary and partial symptomatic relief, highlighting the need for effective targeted therapies3. DisclaimerThis press release contains forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements can generally be identified by words such as “potential,” “can,” “will,” “plan,” “may,” “could,” “would,” “investigational,” “pipeline,” “upcoming,” “intends,” or similar terms, or by express or implied discussions regarding potential marketing approvals, new indications or labeling for ianalumab, or regarding potential future revenues from ianalumab. You should not place undue reliance on these statements. Such forward-looking statements are based on our current beliefs and expectations regarding future events, and are subject to significant known and unknown risks and uncertainties. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those set forth in the forward-looking statements. There can be no guarantee that ianalumab will be submitted or approved for sale or for any additional indications or labeling in any market, or at any particular time. Nor can there be any guarantee that ianalumab will be commercially successful in the future. In particular, our expectations regarding ianalumab could be affected by, among other things, the uncertainties inherent in research and development, including clinical trial results and additional analysis of existing clinical data; regulatory actions or delays or government regulation generally; global trends toward health care cost containment, including government, payor and general public pricing and reimbursement pressures and requirements for increased pricing transparency; our ability to obtain or maintain proprietary intellectual property protection; the particular prescribing preferences of physicians and patients; general political, economic and business conditions, including the effects of and efforts to mitigate pandemic diseases; safety, quality, data integrity or manufacturing issues; potential or actual data security and data privacy breaches, or disruptions of our information technology systems, and other risks and factors referred to in Novartis AG’s current Form 20-F on file with the US Securities and Exchange Commission. Novartis is providing the information in this press release as of this date and does not undertake any obligation to update any forward-looking statements contained in this press release as a result of new information, future events or otherwise. About Novartis Novartis is an innovative medicines company. Every day, we work to reimagine medicine to improve and extend people’s lives so that patients, healthcare professionals and societies are empowered in the face of serious disease. Our medicines reach nearly 300 million people worldwide. Reimagine medicine with us: Visit us at https://www.novartis.com and connect with us on LinkedIn, Facebook, X/Twitter and Instagram. References Novartis data on filesBowman S et al, Safety and efficacy of subcutaneous ianalumab (VAY736) in patients with primary Sjogren’s syndrome: a randomized, double-blind, placebo-controlled, phase 2b dose-finding trial, Lancet 2022; 399:161-71Dorner T et al, Safety and Efficacy of ianalumab in patients with Sjogren’s disease:52-week results from a randomized, placebo-controlled, phase 2b dose-ranging study, Arhtritis and Rheumatology 2025, 77(5):560-570 Negrini S et al, Sjogren’s syndrome: a systemic autoimmune disease, Clin Exp Med. 2022; 22(1): 9–25Mariette, Primary Sjogren’s symptoms, New England Journal of Medecine, 2018, 378;10VAY736, Department of health and human Services, Fast Track Designation, US Food and Drug Administration, 2025ClinicalTrials.gov NCT05350072 [Last accessed: August 2025] ClinicalTrials.gov NCT0539214 [Last accessed: August 2025]ClinicalTrials.gov NCT05653219 [Last accessed: August 2025] ClinicalTrials.gov NCT05639114 [Last accessed: August 2025] ClinicalTrials.gov NCT05126277 [Last accessed: August 2025] ClinicalTrials.gov NCT05648968 [Last accessed: August 2025] ClinialTrials.gov NTC06470048 [Last accessed: August 2025] Phase 2 safety and efficacy of subcutaneous (s.c.) dose ianalumab (VAY736; Anti-BAFFR mAB) administered monthly over 28 weeks in patients with Systemic Lupus Erythematosus (SLE) of moderate-to-severe activity, ACR congress, available at : Phase 2 Safety and Efficacy of Subcutaneous (s.c.) Dose Ianalumab (VAY736; Anti-BAFFR mAb) Administered Monthly over 28 Weeks in Patients with Systemic Lupus Erythematosus (SLE) of Moderate-to-Severe Activity - ACR Meeting Abstracts [Last accessed: August 2025] A Phase 2 Study of ianalumab in patients with primary immune thrombocytopenia previously treater with at least two lines of therapy, EHA congress, available at: EHA Library - The official digital education library of European Hematology Association (EHA) [Last accessed: August 2025] Novartis to strengthen oncology pipeline with agreement to acquire Morphosys [AG Press release]. [Press release]. Available at: Novartis to strengthen oncology pipeline with agreement to acquire MorphoSys AG for EUR 68 per share or an aggregate of EUR 2.7bn in cash | Novartis [Last accessed: August 2025] ClinicalTrials.gov NCT05985915 [Last accessed: August 2025] Maleki Fischbach- M, et al, Manifestations and management of Sjogren’s disease, Arthritis Res Ther. 2024;26(1):43 Kerry Gairy et al, Burden of illness among subgroups of px with primary SjD and systemic involvement, Rheumatology 2021, Volume 60, Issue 4, April 2021, Pages 1871–1881Conrad N, et al, Incidence, prevalence, and co-occurrence of autoimmune disorders over time and by age, sex, and socioeconomic status: a population-based cohort study of 22 millions individuals in the UK, Lancet. 2023;401(10391):1878-1890; Narváez J et al, Prevalence of Sjogren’s syndrome in the general adult population in Spain: estimating the proportion of undiagnosed cases, Sci Rep. 2020;10(1):10627 Novartis Media RelationsE-mail: media.relations@novartis.com Novartis Investor RelationsCentral investor relations line: +41 61 324 7944E-mail: investor.relations@novartis.com
Niu Technologies Announces Unaudited Second Quarter 2025 Financial Results - ForexTV
-- Second Quarter Revenues of RMB 1,255.7 million, increase 33.5% year over year -- Second Quarter Net Income of RMB 5.9 million, compared to net loss of RMB 24.9 million in the same period of last year BEIJING, Aug. 11, 2025 (GLOBE NEWSWIRE) -- Niu Technologies (“NIU”, or “the Company”) (NASDAQ: NIU), the world’s leading provider of smart urban mobility solutions, today announced its unaudited financial results for the second quarter ended June 30, 2025. Second Quarter 2025 Financial Highlights Revenues were RMB 1,255.7 million, an increase of 33.5% year over yearGross margin was 20.1%, compared with 17.0% in the second quarter of 2024Net income was RMB 5.9 million, compared with net loss of RMB 24.9 million in the second quarter of 2024Adjusted net income (non-GAAP)1 was RMB 13.7 million, compared with adjusted net loss of RMB 19.5 million in the second quarter of 2024 Second Quarter 2025 Operating Highlights The number of e-scooters sold was 350,090, up 36.7% year over yearThe number of e-scooters sold in China was 318,719, up 53.6% year over yearThe number of e-scooters sold in the international markets was 31,371, down 35.5% year over yearThe number of franchised stores in China was 4,304 as of June 30, 2025The number of distributors in our international sales network was 57, covering 53 countries as of June 30, 2025 Dr. Yan Li, Chief Executive Officer of the Company, remarked, "During China’s e-commerce peak season in May and June, our products consistently ranked among the best-selling mid to high-end models in the electric bicycle and electric motorcycle sectors. Featuring enhanced intelligence and functionality, our new models launched in the first half of 2025 demonstrated our commitment to smart technology. In addition, we expanded our domestic retail network to over 4,300 stores in China, reinforcing our growth strategy in the domestic market." Dr. Li continued, "In overseas markets, our electric motorcycles continued their steady recovery throughout the first half, in line with our overseas strategy. Meanwhile, sales in the micromobility segment softened due to ongoing geopolitical and economic uncertainties.” Second Quarter 2025 Financial Results Revenues reached RMB 1,255.7 million, representing a 33.5% increase year-over-year. This growth was mainly driven by a 36.7% increase in sales volume, partially offset by a 2.3% decrease in revenues per e-scooter. The following table shows the revenue breakdown and revenues per e-scooter in the periods presented: Revenues(in RMB million) 2025Q2 2024Q2 % change YoYE-scooter sales from China market 1,056.9 727.1 +45.4%E-scooter sales from international markets 103.1 130.4 -20.9%E-scooter sales, sub-total 1,160.0 857.5 +35.3%Accessories, spare parts and services 95.7 83.0 +15.3%Total 1,255.7 940.5 +33.5% Revenues per e-scooter(in RMB) 2025Q2 2024Q2 % changeYoYE-scooter sales from China market2 3,316 3,503 -5.3%E-scooter sales from international markets2 3,288 2,682 +22.6%E-scooter sales 3,313 3,347 -1.0%Accessories, spare parts and services3 274 324 -15.4%Revenues per e-scooter 3,587 3,671 -2.3% E-scooter sales revenues from China market were RMB 1,056.9 million, an increase of 45.4% year-over-year, and represented 91.1% of total e-scooter revenues. The increase was mainly due to a significant increase in sales volume, partially offset by a slight decrease in revenues per e-scooter in China market.E-scooter sales revenues from international markets were RMB 103.1 million, a decrease of 20.9% year-over-year, and represented 8.9% of total e-scooter revenues. The decrease was mainly due to a decrease in sales volume and revenues per e-scooter of kick-scooters in international markets.Accessories, spare parts sales and services revenues were RMB 95.7 million, an increase of 15.3% year-over-year, and represented 7.6% of total revenues. The increase was mainly due to an increase in accessories and spare parts sales in China market. Revenues per e-scooter was RMB 3,587, a decrease of 2.3% year-over-year, mainly due to decreased revenues per e-scooter in China market, partially offset by increased revenues per e-scooter in international markets. Cost of revenues was RMB 1,003.2 million, an increase of 28.5% year-over-year, in line with the growth trend of revenues. The cost per e-scooter, defined as cost of revenues divided by the number of e-scooters sold in a specific period, was RMB 2,866, a decrease of 6.0% from RMB 3,048 in the second quarter of 2024. This decrease was mainly due to changes in product mix, along with the cost-reduction impact in China market. Gross margin was 20.1%, compared with 17.0% in the same period of 2024. The increase was mainly driven by a higher proportion of e-scooter sales and an improved gross margin in China market, reflecting the positive impact of our cost-reduction initiatives. Operating expenses were RMB 264.9 million, an increase of 38.1% year over year. Operating expenses as a percentage of revenues was 21.1%, compared with 20.4% in the second quarter of 2024. Selling and marketing expenses were RMB 202.2 million (including RMB 1.7 million of share-based compensation), an increase of 68.2% from RMB 120.2 million in the second quarter of 2024, primarily driven by a RMB 69.2 million increase in spending on online shopping festivals and other advertising in China market. Selling and marketing expenses as a percentage of revenues was 16.1%, compared with 12.8% in the second quarter of 2024.Research and development expenses were RMB 43.7 million (including RMB 2.8 million of share-based compensation), an increase of 35.5% from RMB 32.3 million in the second quarter of 2024, mainly due to a RMB 6.1 million increase in staff cost and share-based compensation, as well as a RMB 4.9 million increase in design and testing expenses. Research and development expenses as a percentage of revenues was 3.5%, compared with 3.4% in the second quarter of 2024.General and administrative expenses were RMB 19.1 million (including RMB 3.2 million of share-based compensation), a decrease of 51.6% from RMB 39.3 million in the second quarter of 2024, mainly due to an increase in foreign exchange gain of RMB 24.7 million. General and administrative expenses as a percentage of revenues was 1.5%, compared with 4.2% in the second quarter of 2024. Operating expenses excluding share-based compensation were RMB 257.3 million, an increase of 37.9% year over year, and represented 20.5% of revenues, compared with 19.8% in the second quarter of 2024. Selling and marketing expenses excluding share-based compensation were RMB 200.5 million, an increase of 68.6% year over year, and represented 16.0% of revenues, compared with 12.6% in the second quarter of 2024.Research and development expenses excluding share-based compensation were RMB 40.9 million, an increase of 34.5% year over year, and represented 3.3% of revenues, compared with 3.2% in the second quarter of 2024.General and administrative expenses excluding share-based compensation were RMB 15.9 million, a decrease of 57.4% year over year, and represented 1.3% of revenues, compared with 4.0% in the second quarter of 2024. Share-based compensation was RMB 7.9 million, compared with RMB 5.4 million in the same period of 2024. Income tax benefit was RMB 12.5 million, compared with income tax expense of RMB 1.0 million in the same period of 2024. Net income was RMB 5.9 million, compared with net loss of RMB 24.9 million in the second quarter of 2024. The net income margin was 0.5%, compared with net loss margin of 2.6% in the same period of 2024. Adjusted net income (non-GAAP) was RMB 13.7 million, compared with an adjusted net loss of RMB 19.5 million in the second quarter of 2024. The adjusted net income margin4 was 1.1%, compared with an adjusted net loss margin of 2.1% in the same period of 2024. Basic and diluted net income per ADS were both RMB 0.07 (US$ 0.01). Balance Sheet As of June 30, 2025, the Company had cash and cash equivalents, term deposits and short-term investments of RMB 1,226.6 million in aggregate. The Company had restricted cash of RMB 214.8 million and short-term bank borrowings of RMB 220.0 million. Business Outlook NIU expects revenues of the third quarter 2025 to be in the range of RMB 1,433 million to RMB 1,638 million, representing a year-over-year increase of 40% to 60%. The above outlook is based on information available as of the date of this press release and reflects the Company’s current and preliminary expectation and is subject to change. Conference Call The Company will host an earnings conference call on Monday, August 11, 2025 at 8:00 AM U.S. Eastern Time (8:00 PM Beijing/Hong Kong Time) to discuss its second quarter 2025 financial and business results and provide a corporate update. To join via phone, participants need to register in advance of the conference call using the link provided below. Upon registration, participants will receive dial-in numbers and a personal PIN, which will be used to join the conference call. Event:Niu Technologies Second Quarter 2025 Financial Results Conference CallRegistration Link:https://register-conf.media-server.com/register/BI7cb0e8479a9b40adad9622e7836a0677 A live and archived webcast of the conference call will be available on the investor relations website at https://ir.niu.com/news-and-events/webcasts-and-presentations. About NIU As the world’s leading provider of smart urban mobility solutions, NIU designs, manufactures and sells high-performance electric motorcycles, mopeds, bicycles, as well as kick-scooters and e-bikes. NIU has a diversified product portfolio that caters to the various demands of our users and addresses different urban travel scenarios. Currently, NIU offers two model lineups, comprising a number of different vehicle types. These include (i) the electric motorcycle, moped and bicycle series, including the NQi, MQi, UQi, FQi series and others, and (ii) the micro-mobility series, including the kick-scooter series KQi and the e-bike series BQi. NIU has adopted an omnichannel retail model, integrating the offline and online channels, to sell its products and provide services to users.For more information, please visit www.niu.com. Use of Non-GAAP Financial Measures To supplement NIU’s consolidated financial results presented in accordance with the accounting principles generally accepted in the United States of America (“GAAP”), NIU uses the following non-GAAP financial measures: adjusted net income (loss) and adjusted net income (loss) margin. The presentation of these non-GAAP financial measures is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with GAAP. NIU believes that these non-GAAP financial measures provide meaningful supplemental information regarding its performance and liquidity by excluding certain items that may not be indicative of its operating results. The Company believes that both management and investors benefit from referring to these non-GAAP financial measures in assessing its performance and when planning and forecasting future periods. These non-GAAP financial measures also facilitate management’s internal comparisons to NIU’s historical performance. The Company believes these non-GAAP financial measures are useful to investors in allowing for greater transparency with respect to supplemental information used by management in its financial and operational decision making. A limitation of using these non-GAAP financial measures is that these non-GAAP measures exclude certain items that have been and will continue to be for the foreseeable future a significant component in the Company’s results of operations. These non-GAAP financial measures presented here may not be comparable to similarly titled measures presented by other companies. Other companies may calculate similarly titled measures differently, limiting their usefulness as comparative measures to the Company’s data. Adjusted net income (loss) is defined as net income (loss) excluding share-based compensation expenses. Adjusted net income (loss) margin is defined as adjusted net income (loss) as a percentage of the revenues. For more information on non-GAAP financial measures, please see the tables captioned “Reconciliation of GAAP and Non-GAAP Results”. Exchange Rate This announcement contains translations of certain RMB amounts into U.S. dollars (“US$”) at specified rates solely for the convenience of the readers. Unless otherwise stated, all translations from RMB to US$ were made at the rate of RMB 7.1636 to US$ 1.00, the exchange rate in effect as of June 30, 2025, as set forth in the H.10 Statistical release of the Board of Governors of the Federal Reserve System. The Company makes no representation that the RMB or US$ amounts referred could be converted into US$ or RMB, as the case may be, at any particular rate or at all. Safe Harbor Statement This press release contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “likely to” and similar statements. Among other things, the business outlook and quotations from management in this announcement, as well as NIU’s strategic and operational plans, contain forward-looking statements. NIU may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about NIU’s beliefs, plans and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: NIU’s strategies; NIU’s future business development, financial condition and results of operations; NIU’s ability to maintain and enhance its “NIU” brand; its ability to innovate and successfully launch new products and services; its ability to maintain and expand its offline distribution network; its ability to satisfy the mandated safety standards relating to e-scooters; its ability to secure supply of components and raw materials used in e-scooters; its ability to manufacture, launch and sell smart e-scooters meeting customer expectations; its ability to grow collaboration with operation partners; its ability to control costs associated with its operations; general economic and business conditions in China and globally; and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in NIU’s filings with the Securities and Exchange Commission. All information provided in this press release is as of the date of this press release, and NIU does not undertake any obligation to update any forward-looking statement, except as required under applicable law. Investor Relations Contact: Niu TechnologiesE-mail: ir@niu.com NIU TECHNOLOGIESUNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS As of December 31, June 30, June 30, 2024 2025 2025 RMB RMB US$ASSETS Current assets Cash and cash equivalents630,021,303 1,091,655,358 152,389,212 Term deposits274,351,895 134,915,995 18,833,547 Restricted cash216,395,796 214,758,000 29,979,061 Short-term investments- 52,258 7,295 Accounts receivable, net131,921,419 139,323,331 19,448,787 Inventories649,177,719 718,555,675 100,306,504 Prepayments and other current assets267,938,339 305,238,176 42,609,606 Total current assets2,169,806,471 2,604,498,793 363,574,012 Non-current assets Property, plant and equipment, net320,013,632 345,609,048 48,245,163 Intangible assets, net1,043,801 910,718 127,131 Operating lease right-of-use assets71,223,350 76,863,145 10,729,681 Deferred income tax assets31,752,254 47,105,326 6,575,650 Other non-current assets19,318,659 19,063,041 2,661,098 Total non-current assets443,351,696 489,551,278 68,338,723 Total assets2,613,158,167 3,094,050,071 431,912,735 LIABILITIES Current liabilities Short-term bank borrowings200,000,000 220,000,000 30,710,816 Notes payable294,348,768 280,000,000 39,086,493 Accounts payable869,015,140 1,131,648,176 157,971,994 Income taxes payable1,071,914 22,237 3,104 Advances from customers35,892,860 138,749,942 19,368,745 Deferred revenue-current50,247,103 51,824,384 7,234,405 Accrued expenses and other current liabilities201,356,008 330,572,447 46,146,135 Total current liabilities1,651,931,793 2,152,817,186 300,521,692 Deferred revenue-non-current16,886,859 17,168,966 2,396,695 Deferred income tax liabilities3,269,464 3,067,157 428,159 Operating lease liabilities89,990 5,175,294 722,443 Other non-current liabilities9,697,841 12,181,058 1,700,410 Total non-current liabilities29,944,154 37,592,475 5,247,707 Total liabilities1,681,875,947 2,190,409,661 305,769,399 SHAREHOLDERS’ EQUITY: Class A ordinary shares90,549 90,787 12,673 Class B ordinary shares10,316 10,316 1,440 Additional paid-in capital1,988,638,160 2,004,071,073 279,757,534 Accumulated other comprehensive loss(3,129,362) (13,240,087) (1,848,245)Accumulated deficit(1,054,327,443) (1,087,291,679) (151,780,066)Total shareholders’ equity931,282,220 903,640,410 126,143,336 Total liabilities and shareholders’ equity2,613,158,167 3,094,050,071 431,912,735 NIU TECHNOLOGIESUNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) Three Months Ended June 30, Six Months Ended June 30, 2024 2025 2024 2025 RMB RMBUS$ RMB RMBUS$Revenues940,485,316 1,255,706,686 175,289,894 1,445,219,891 1,937,695,138 270,491,811 Cost of revenues(a)(780,800,920) (1,003,227,265)(140,045,126) (1,189,985,235) (1,567,134,506)(218,763,542)Gross profit159,684,396 252,479,421 35,244,768 255,234,656 370,560,632 51,728,269 Operating expenses: Selling and marketing expenses(a)(120,227,190) (202,168,443)(28,221,626) (225,560,363) (316,766,358)(44,218,878)Research and development expenses(a)(32,257,721) (43,716,913)(6,102,646) (61,188,696) (73,518,519)(10,262,790)General and administrative expenses(a)(39,345,476) (19,057,766)(2,660,362) (69,958,435) (39,708,380)(5,543,076)Total operating expenses(191,830,387) (264,943,122)(36,984,634) (356,707,494) (429,993,257)(60,024,744)Government grants- - - 3,756 386,890 54,008 Operating loss(32,145,991) (12,463,701)(1,739,866) (101,469,082) (59,045,735)(8,242,467) Interest expenses(1,520,883) (1,556,698)(217,307) (2,487,283) (2,968,020)(414,320)Interest income8,762,650 6,671,638 931,325 18,017,361 13,565,110 1,893,616 Investment income1,001,901 681,245 95,098 1,001,901 689,025 96,184 Loss before income taxes(23,902,323) (6,667,516)(930,750) (84,937,103) (47,759,620)(6,666,987)Income tax (expense) benefit(1,016,141) 12,548,000 1,751,633 5,221,026 14,795,384 2,065,356 Net (loss) income(24,918,464) 5,880,484 820,883 (79,716,077) (32,964,236)(4,601,631) Other comprehensive income (loss) Foreign currency translation adjustment, net of nil income taxes2,026,261 (7,115,515)(993,288) 2,532,754 (10,110,725)(1,411,403)Comprehensive loss(22,892,203) (1,235,031)(172,405) (77,183,323) (43,074,961)(6,013,034)Net (loss) income per ordinary share —Basic(0.16) 0.04 0.01 (0.50) (0.21)(0.03)—Diluted(0.16) 0.04 0.00 (0.50) (0.21)(0.03)Net (loss) income per ADS —Basic(0.31) 0.07 0.01 (1.01) (0.41)(0.06)—Diluted(0.31) 0.07 0.01 (1.01) (0.41)(0.06) Weighted average number of ordinary shares and ordinary shares equivalents outstanding used in computing net (loss) income per ordinary share —Basic158,541,994 159,670,250 159,670,250 158,127,845 159,500,699 159,500,699 —Diluted158,541,994 164,767,384 164,767,384 158,127,845 159,500,699 159,500,699 Weighted average number of ADS outstanding used in computing net (loss) income per ADS —Basic79,270,997 79,835,125 79,835,125 79,063,923 79,750,350 79,750,350 —Diluted79,270,997 82,383,692 82,383,692 79,063,923 79,750,350 79,750,350 Note: (a) Includes share-based compensation expenses as follows: Three Months Ended June 30, Six Months Ended June 30, 2024 2025 2024 2025 RMB RMBUS$ RMB RMBUS$Cost of revenues138,354 223,656 31,221 441,889 477,164 66,610 Selling and marketing expenses1,328,704 1,656,505 231,239 3,338,816 3,318,582 463,256 Research and development expenses1,831,979 2,785,623 388,858 3,273,257 5,412,153 755,507 General and administrative expenses2,070,589 3,194,639 445,954 4,626,439 6,142,631 857,478 Total share-based compensation expenses5,369,626 7,860,423 1,097,272 11,680,401 15,350,530 2,142,851 NIU TECHNOLOGIESRECONCILIATION OF GAAP AND NON-GAAP RESULTS Three Months Ended June 30, Six Months Ended June 30, 2024 2025 2024 2025 RMB RMBUS$ RMB RMBUS$Net (loss) income(24,918,464) 5,880,484820,883 (79,716,077) (32,964,236)(4,601,631)Add: Share-based compensation expenses5,369,626 7,860,4231,097,272 11,680,401 15,350,530 2,142,851 Adjusted net (loss) income(19,548,838) 13,740,9071,918,155 (68,035,676) (17,613,706)(2,458,780) _______________________________________1 Adjusted net income (loss) (non-GAAP) is defined as net income (loss) excluding share-based compensation expenses 2 Revenues per e-scooter on e-scooter sales from China or international markets is defined as e-scooter sales revenues from China or international markets divided by the number of e-scooters sold in China or international market in a specific period 3 Revenues per e-scooter on accessories, spare parts and services is defined as accessories, spare parts and services revenues divided by the total number of e-scooters sold in a specific period 4 Adjusted net income (loss) margin is defined as adjusted net income (loss) (non-GAAP) as a percentage of the revenues
Diversified Energy Reports Strong Second Quarter Results Highlighting Consistent Cash Margins, Year-over-Year Growth, and Disciplined Execution of Maverick Acquisition Integration - ForexTV
Non-Op Development Partnership Generating Over 60% Returns with Minimal Capital Spend that Delivers an Improving Corporate Decline Rate Portfolio Optimization Program Contributed $70 Million in Cash Flow Year-to-Date Returned Over $105 million to Shareholders Year-to-Date Through Dividends and Share Repurchases On Track to Achieve Full-Year 2025 Guidance BIRMINGHAM, Ala., Aug. 11, 2025 (GLOBE NEWSWIRE) -- Diversified Energy Company PLC (LSE: DEC, NYSE: DEC) today announced its interim results for the six months ended June 30, 2025, reporting performance in line with expectations and highlighting key strategic and financial achievements. Delivering Reliable Results and Strategic Growth as the U.S. PDP Champion Second Quarter 2025 Results (Second Quarter Results Reflect Full Quarter Impact of the Acquisition of Maverick Natural Resources) Production exit rate(a): 1,135 MMcfepd (189 Mboepd) Average production: 1,149 MMcfepd (192 Mboepd)Production volume mix (natural gas, NGLs, oil): 73% / 13% / 14% Total Revenue (including settled hedges)(d): $510 millionOperating Cash Flow: $133 millionAdjusted EBITDA(b): $280 millionFree Cash Flow: Adjusted Free Cash Flow(c) of $88 million after $25 million of nonrecurring transaction costs Annualized Adjusted FCF Yield(c) of 31% Revenue per unit(d): $4.88/Mcfe ($29.28/Boe)Adjusted cost per unit(e):$2.21/Mcfe ($13.26/Boe) First Half 2025 Results Average production: 1,007 MMcfepd (168 Mboepd) Production volume mix (natural gas, NGLs, oil): 77% / 13% / 10% Total Revenue (including settled hedges)(d): $804 millionOperating Cash Flow: $264 millionAdjusted EBITDA(b): $418 millionFree Cash Flow: Adjusted Free Cash Flow(c) of $152 million after $28 million of nonrecurring transaction costsCAPEX: $89 million Non-Op drilling expenditures weighted more in Q2; full-year Capex trending toward low end of guidance Revenue per unit(d): $4.41/Mcfe ($26.46/Boe)Adjusted cost per unit(e): $2.11/Mcfe ($12.66/Boe) Improving Financial and Operational Metrics 1Q252Q25QoQ % Change1H241H25YoY % Change Production (Mmcfe/d)8641,14933%7461,00735%Production volume mix Natural gas82%73% 84%77% NLGs12%13% 13%13% Oil6%14% 3%10% Total Revenue(d) (millions)$294$51073%$449$80479%Adj. EBITDA(b) (millions)$138$280103%$218$41892%Adj. FCF(c) (millions)$64$8838%$102$15249% Financial Strength and Shareholder Returns Liquidity: $416 million of undrawn credit facility capacity and unrestricted cashLeverage ratio: 2.6x Net Debt to EBITDA; ~13% improvement from YE2024 Consolidated debt consists of ~70% in non-recourse ABS securities ABS principal reduction: Retired $130 million in principal during 1H252Q25 dividend: $0.29 per share declaredShareholder returns: Over $105 million returned YTD via dividends and repurchases(f)Share repurchases: ~3.3 million shares repurchased YTD (~4% of outstanding shares), totaling ~$43 million(f) Strategic Execution and Transformational Growth $2 Billion Carlyle Partnership Strategic partnership to invest up to $2 billion in existing U.S. proved developed producing (PDP) oil and gas assetsCapitalizes on industry consolidation trends and divestitures of mature producing assetsNon-dilutive structure preserves capital flexibility and supports long-term growthEnhances Diversified’s stature as a leading consolidator of upstream PDP assets Maverick Integration Update Increasing annualized synergy target to $60M from previously stated $50M, following strong execution during our integration processEfficiency gains through staffing optimization, contract savings, and midstream cost reductionsField-level integration completed in Q2Technology and administrative integration are on track for 3Q25 completion Unlocking Value Through Portfolio Optimization Portfolio optimization program realized ~$70 million from non-core asset and leasehold divestituresJoint Development Partnership continues to produce >60% IRRs with 124 wells drilled under the JDA in the last 3 years The program highlights optionality in DEC’s portfolio to monetize Central Region acreage via non-op drilling or leasehold divestitures Oklahoma midstream transaction provides a no-fee whole-owned pipeline, compression efficiencies, emissions improvement and numerous production optimization projectsEast Texas portfolio optimization yields incremental cash flow via gathering and processing dedication fees, with potential to increase Black Bear facility throughput to current full capacity of 120 MMcf per dayRevenue of ~$6.6 million through June 2025 from Coal Mine Methane (CMM) associated environmental attribute credits Remain on track to grow environmental credit cash flow by 300% from YE 2024 levels Next LVL Energy and Regulatory Updates In the first half of 2025, the Company permanently retired 213 wells, including 170 Diversified wellsSince establishment of Next Level in 2022, Diversified has retired 1,112 wells Rusty Hutson, Jr., CEO of Diversified, commented: “Diversified continues to deliver consistent returns on our assets, along with the expansion of our asset portfolio, reinforcing our position as the U.S. PDP Champion. Our strong first-half performance reflects the resilience of our business model, the quality of our assets, and the dedication of our talented teams. With the successful integration of Maverick progressing on schedule, we are already realizing meaningful synergies and operational efficiencies that enhance our ability to optimize cash flow in our expanded portfolio and drive long-term value from our investments. The strategic partnership with The Carlyle Group marks a transformational milestone for Diversified. This $2 billion commitment underscores confidence in our platform and provides significant capital flexibility to capitalize on the ongoing consolidation of mature producing assets. It also strengthens our ability to scale responsibly, in a non-dilutive manner, while preserving our disciplined approach to capital allocation. We remain focused on unlocking value across our portfolio through asset optimization, which resulted in approximately $70 million of additional cash flow, high return projects with our targeted capital investments, and the continuation of portfolio optimization through Smarter Asset Management (SAM) programs. Our NextLVL team’s industry-leading pace of asset retirements and regulatory advancements in West Virginia highlights our commitment to collaborating across our organization and with key stakeholders to solidify our commitment to sustainable operations. As we look ahead, the mega trends of electrification, AI power demand, and US LNG Export growth only strengthen the fundamental outlook for our business. The acceleration of natural gas generation for data center demand in Appalachia creates a line of sight to meaningful in-basin demand, pointing to tighter basis spreads near our footprint in the coming years. While our expansive central region operations are well-positioned to support US Energy dominance in the Gulf Coast, including as a strategic supplier to LNG export terminals. Given Diversified's continued operational excellence, fundamental market tailwinds, and strategic actions to optimize our portfolio of assets, we remain confident in our ability to continue delivering consistent and resilient free cash flow, maintaining a strong balance sheet, and returning meaningful capital to shareholders. Diversified is well-positioned to thrive as a proven portfolio manager of energy assets in today’s evolving energy landscape, and we are proud to be the Right Company at the Right Time, delivering essential energy while creating long-term value for all stakeholders.” Operations and Finance Update Production The Company recorded exit rate production in June 2025 of 1,135 MMcfepd (189 Mboepd)(a) and delivered 2Q25 average net daily production of 1,149 MMcfepd (192 Mboepd). The Company's production volume mix was approximately 73% natural gas, 13% natural gas liquids ("NGL's"), and 14% oil, with approximately 64% of production volumes from the Central region and 36% from Appalachia for the second quarter. Net daily production for the quarter continued to benefit from Diversified’s peer-leading, shallow decline profile. Margin and Total Cash Expenses per Unit Diversified delivered 2Q25 per unit revenues of $4.88/Mcfe(d) ($29.28/Boe) and Adjusted EBITDA Margin(b) of 63% (65% unhedged). Notably, these per unit metrics reflect an increase in both revenues and expenses from the incorporation of greater liquids-related production of Maverick. The Company’s per unit expenses are anticipated to improve as the Company implements its playbook to achieve long-term, sustainable synergies and cost savings. For example, General and Administrative expenses compared to prior period levels, despite the higher per unit costs of Maverick, supporting our progress on cost savings and synergy capture. 1Q252Q25 1H251H24 $/Mcfe$/Boe$/Mcfe$/Boe $/Mcfe$/Boe$/Mcfe$/BoeAverage Realized Price$3.57 $21.42$4.05 $24.30 $3.84 $23.04$3.05 $18.30Other Revenue$0.19 $1.14$0.19 $1.14 $0.19 $1.14$0.18 $1.08Total Revenue + Divestitures(d)$3.78 $22.68$4.88 $29.28 $4.41 $26.46$3.30 $19.80 Lease Operating Expense$0.91 $5.49$1.21 $7.26 $1.08 $6.48$0.66 $3.96Production taxes$0.21 $1.26$0.23 $1.38 $0.22 $1.32$0.15 $0.90Midstream operating expense$0.23 $1.38$0.18 $1.08 $0.20 $1.20$0.26 $1.56Transportation expense$0.35 $2.10$0.36 $2.16 $0.35 $2.10$0.31 $1.86Total Operating Expense$1.70 $10.23$1.98 $11.88 $1.85 $11.10$1.38 $8.28Employees, Administrative Costs and Professional Fees(g)$0.30 $1.80$0.23 $1.38 $0.26 $1.56$0.30 $1.80Adjusted Operating Cost per Unit(e)$2.00 $12.03$2.21 $13.26 $2.11 $12.66$1.68 $10.08Adjusted EBITDA Margin(b) 47% 63% 56% 49% Share Repurchase Program At the 2025 Annual General Meeting, the Company's share repurchase authority was approved for a maximum of 8,099,015 shares representing 10% of the Company's issued share capital (the "2025 Authorization"). The Company announced details regarding the parameters of a Share Buyback Program (the "Program") on 20 March 2025, pursuant to which the maximum number of shares repurchased shall not exceed 4,756,842 Shares under the Program. Following the 2025 Authorization, the Company announces that the maximum number of shares repurchased under the Program shall be increased to, and shall not exceed, 8,099,015 shares. Year to date, the company has repurchased 3,273,466 shares, representing approximately 4% of the shares outstanding. Combined Company 2025 Outlook The Company is reiterating its previously announced Full Year 2025 guidance. Following the recently completed acquisition of Maverick, Diversified expects to realize significant operational synergies associated with a larger, consolidated position in Oklahoma and the ability to improve the overall cost structure of the Maverick assets while continuing to prioritize returns and Free Cash Flow generation. The following outlook incorporates a nine-month contribution from the recently acquired Maverick assets. 2025 GuidanceTotal Production (Mmcfe/d)1,050 to 1,100% Liquids~25%% Natural Gas~75%Total Capital Expenditures (millions)$165 to $185Adj. EBITDA(1) (millions)$825 to $875Adj. Free Cash Flow(1) (millions)~$420Leverage Target2.0x to 2.5xCombined Company Synergies (millions)~$60 (1) Includes the value of anticipated cash proceeds for 2025 asset optimization. Conference Call Details The Company will host a conference call today, Monday, August 11, 2025, at 1:00 PM GMT (8:00 AM EDT) to discuss the 1H25 Interim Results and will make an audio replay of the event available shortly thereafter. US (toll-free)+1 877-836-0271/+1201-689-7805UK (toll-free)+44 (0)800 756 3429Web Audiohttps://www.div.energy/news-events/ir-calendareventsReplay Informationhttps://ir.div.energy/financial-info Footnotes: (a)Exit rate includes full month of June 2025 production.(b)Adjusted EBITDA represents earnings before interest, taxes, depletion, and amortization, and includes adjustments for items that are not comparable period-over-period; Adjusted EBITDA Margin represents Adjusted EBITDA as a percent of Total Revenue, Inclusive of Settled Hedges.(c)Adjusted Free Cash Flow represents net cash provided by operating activities less expenditures on natural gas and oil properties and equipment and cash paid for interest, and includes proceeds from divestitures; For more information, please refer to the Non-IFRS reconciliations as set out below.(d)Includes the impact of derivatives settled in cash and proceeds from divestitures; For purposes of comparability, excludes Other Revenue of $3 million in 1Q25, $3 million in 2Q25, $6 million in 1H25, and $8 million in 1H24, and Lease Operating Expense of $3 million in 1Q25, $4 million in 2Q25, $7 million in 1H25, and $9 million in 1H24 associated with Diversified’s wholly owned plugging subsidiary, Next LVL Energy.(e)Adjusted Operating Cost represent total lease operating costs plus recurring administrative costs. Total lease operating costs include base lease operating expense, owned gathering and compression (midstream) expense, third-party gathering and transportation expense, and production taxes. Recurring administrative expenses (Adjusted G&A) is a Non-IFRS financial measure defined as total administrative expenses excluding non-recurring acquisition & integration costs and non-cash equity compensation; For purposes of comparability, excludes certain amounts related to Diversified’s wholly owned plugging subsidiary, Next LVL Energy.(f)Includes the total value of dividends paid and declared, and share repurchases (including Employee Benefit Trust) year-to-date, through August 11, 2025.(g)As used herein, employees, administrative costs and professional services represent total administrative expenses excluding cost associated with acquisitions, other adjusting costs and non-cash expenses. We use employees, administrative costs and professional services because this measure excludes items that affect the comparability of results or that are not indicative of trends in the ongoing business. For Company-specific items, refer also to the Glossary of Terms and/or Alternative Performance Measures found in the Company’s Annual Report and Form 20-F for the year ended December 31, 2024 filed with the United States Securities and Exchange Commission and available on the Company’s website. For further information, please contact: Diversified Energy Company PLC+1 973 856 2757Doug Krisdkris@dgoc.comSenior Vice President, Investor Relations & Corporate Communicationswww.div.energy FTI Consultingdec@fticonsulting.comU.S. & UK Financial Public Relations About Diversified Energy Company PLC Diversified is a leading publicly traded energy company focused on natural gas and liquids production, transport, marketing, and well retirement. Through our unique differentiated strategy, we acquire existing, long-life assets and invest in them to improve environmental and operational performance until retiring those assets in a safe and environmentally secure manner. Recognized by ratings agencies and organizations for our sustainability leadership, this solutions-oriented, stewardship approach makes Diversified the Right Company at the Right Time to responsibly produce energy, deliver reliable free cash flow, and generate shareholder value. Forward-Looking Statements This announcement contains forward-looking statements (within the meaning of the U.S. Private Securities Litigation Reform Act of 1995) concerning the financial condition, results of operations, business and outlook of the Company and its wholly owned subsidiaries (the “Group”). All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. These forward-looking statements, which contain the words “anticipate”, “believe”, “intend”, “estimate”, “expect”, “may”, “will”, “seek”, “continue”, “aim”, “target”, “projected”, “plan”, “goal”, “achieve”, “guidance” and words of similar meaning, reflect the Company’s beliefs and expectations and are based on numerous assumptions regarding the Company’s present and future business strategies and the environment the Company and the Group will operate in and are subject to risks and uncertainties that may cause actual results to differ materially. No representation is made that any of these statements or forecasts will come to pass or that any forecast results will be achieved. Forward-looking statements involve inherent known and unknown risks, uncertainties and contingencies because they relate to events and depend on circumstances that may or may not occur in the future and may cause the actual results, performance or achievements of the Company or the Group to be materially different from those expressed or implied by such forward looking statements. Many of these risks and uncertainties relate to factors that are beyond the Company’s or the Group’s ability to control or estimate precisely, such as future market conditions, currency fluctuations, the behavior of other market participants, the actions of regulators and other factors such as the Company’s or the Group’s ability to continue to obtain financing to meet its liquidity needs, the Company’s ability to successfully integrate acquisitions, including the acquired Maverick assets, changes in the political, social and regulatory framework, including inflation and changes resulting from actual or anticipated tariffs and trade policies, in which the Company or the Group operate or in economic or technological trends or conditions. The list above is not exhaustive and there are other factors that may cause the Company’s or the Group’s actual results to differ materially from the forward-looking statements contained in this announcement, Including the risk factors described in the “Risk Factors” section in the Company’s Annual Report and Form 20-F for the year ended December 31, 2024, filed with the United States Securities and Exchange Commission. Forward-looking statements speak only as of their date and neither the Company nor the Group nor any of its respective directors, officers, employees, agents, affiliates or advisers expressly disclaim any obligation to supplement, amend, update or revise any of the forward-looking statements made herein, except where it would be required to do so under applicable law. In light of these risks, uncertainties and assumptions, the events described in the forward-looking statements in this announcement, may not occur. As a result, you are cautioned not to place undue reliance on such forward-looking statements. Past performance of the Company cannot be relied on as a guide to future performance. No statement in this announcement is intended as a profit forecast or a profit estimate and no statement in this announcement should be interpreted to mean that the financial performance of the Company for the current or future financial years would necessarily match or exceed the historical published for the Company. Use of Non-IFRS Measures Certain key operating metrics that are not defined under IFRS (alternative performance measures) are included in this announcement. These non-IFRS measures are used by us to monitor the underlying business performance of the Company from period to period and to facilitate comparison with our peers. Since not all companies calculate these or other non-IFRS metrics in the same way, the manner in which we have chosen to calculate the non-IFRS metrics presented herein may not be compatible with similarly defined terms used by other companies. The non-IFRS metrics should not be considered in isolation of, or viewed as substitutes for, the financial information prepared in accordance with IFRS. Certain of the key operating metrics are based on information derived from our regularly maintained records and accounting and operating systems. Adjusted EBITDA & Pro Forma TTM Adjusted EBITDA As used herein, EBITDA represents earnings before interest, taxes, depletion, depreciation and amortization. Adjusted EBITDA includes adjusting for items that are not comparable period-over-period, namely, finance costs, accretion of asset retirement obligation, other (income) expense, (gain) loss on fair value adjustments of unsettled financial instruments, (gain) loss on natural gas and oil property and equipment, (gain) loss on sale of equity interest, unrealized (gain) loss on investment, costs associated with acquisitions, other adjusting costs, loss on early retirement of debt, non-cash equity compensation, (gain) loss on interest rate swaps, and items of a similar nature. Pro forma TTM adjusted EBITDA extends adjusted EBITDA by adjusting for acquisitions or other significant changes that impacted EBITDA over the last twelve months. Adjusted EBITDA and pro form TTM adjusted EBITDA should not be considered in isolation or as a substitute for operating profit or loss, net income or loss, or cash flows provided by operating, investing and financing activities. However, we believe such measure is useful to an investor in evaluating our financial performance because it (1) is widely used by investors in the natural gas and oil industry as an indicator of underlying business performance; (2) helps investors to more meaningfully evaluate and compare the results of our operations from period to period by removing the often-volatile revenue impact of changes in the fair value of derivative instruments prior to settlement; (3) is used in the calculation of a key metric in one of our Credit Facility financial covenants; and (4) is used by us as a performance measure in determining executive compensation. When evaluating this measure, we believe investors also commonly find it useful to evaluate this metric as a percentage of our total revenue, inclusive of settled hedges, producing what we refer to as our adjusted EBITDA margin. The following table presents a reconciliation of the IFRS Financial measure of Net Income (Loss) to Adjusted EBITDA for each of the periods listed: Three Months Ended Six Months Ended(In thousands)March 31, 2025June 30, 2025 June 30, 2025June 30, 2024December 31, 2024Net income (loss)$(337,391)$303,465 $(33,926)$15,745 $(102,746)Finance costs 42,820 55,349 98,169 60,581 77,062 Accretion of asset retirement obligations 10,353 13,777 24,130 14,667 16,201 Other (income) expense(1) (644) 179 (465) (755) (502)Income tax (benefit) expense 66,790 (60,330) 6,460 (97,997) (38,954)Depreciation, depletion and amortization 70,807 93,398 164,205 119,220 137,264 (Gain) loss on fair value adjustments of unsettled financial instruments 235,070 (157,440) 77,630 80,117 108,913 (Gain) loss on natural gas and oil property and equipment(2) 236 5,316 5,552 249 15,059 (Gain) loss on sale of equity interest — — — — 7,375 Unrealized (gain) loss on investment — (6,355) (6,355) (2,433) 6,446 Costs associated with acquisitions 2,885 25,081 27,966 3,724 7,849 Other adjusting costs(3) 5,963 4,856 10,819 10,451 11,924 Loss on early retirement of debt 39,485 — 39,485 10,649 4,104 Non-cash equity compensation 1,825 2,552 4,377 3,669 4,617 (Gain) loss on interest rate swap (35) (35) (70) (100) (90)Total adjustments$475,555 $(23,652) $451,903 $202,042 $357,268 Adjusted EBITDA$138,164 $279,813 $417,977 $217,787 $254,522 Pro forma TTM adjusted EBITDA(4)$952,216 $964,028 $964,028 $584,261 $548,570 (1)Excludes $0.2 million, $0.4 million, $0.6 million, $0.5 million, and $0.6 million in dividend distributions received for our investment in DP Lion Equity Holdco during the three months ended March 31 and June 30, 2025, and the six months ended June 30, 2025, June 30, 2024, and December 31, 2024,respectively. (2)Excludes $2 million, $68 million, $70 million, $7 million and $34 million in cash proceeds received for leasehold sales during the three months ended March 31 and June 30, 2025, and the six months ended June 30, 2025, June 30, 2024 and December 31, 2024, respectively, less $6 million, $6 million and $14 million for the three months ended June 30, 2025, and the six months ended June 30, 2025 and December 31, 2024, respectively. (3)Other adjusting costs for the three months ended March 31 and June 30, 2025, and the six months ended June 30, 2025 were primarily associated with one-time personnel-related expenses and legal fees from certain litigation. Other adjusting costs for the six months ended June 30, 2024 were primarily associated with expenses associated with unused firm transportation agreements and legal and professional fees. Other adjusting costs for the six months ended December 31, 2024 were primarily associated with legal fees from certain litigation. (4)Includes adjustments for the trailing twelve months ended March 31, 2025 for the Oaktree, Crescent Pass, and East Texas II acquisitions to pro forma results for a full twelve months of operations. Similar adjustments were made for the trailing twelve months ended June 30, 2025 for the Maverick, Summit, Crescent Pass, and East Texas II acquisitions as well as for the trailing twelve months ended June 30, 2024 for the Oaktree acquisition and for the trailing twelve months ended December 31, 2024 for the Oaktree, Crescent Pass, and East Texas II acquisitions. Net Debt, Net Debt-to-Adjusted EBITDA & Net Debt-to-Pro Forma TTM Adjusted EBITDA As used herein, net debt represents total debt as recognized on the balance sheet less cash and restricted cash. Total debt includes our borrowings under the Credit Facility, borrowings under or issuances of, as applicable, our subsidiaries’ securitization facilities, and other borrowings. We believe net debt is a useful indicator of our leverage and capital structure. As used herein, net debt-to-adjusted EBITDA, net debt-to-pro forma TTM adjusted EBITDA, or “leverage” or “leverage ratio,” is measured as net debt divided by adjusted EBITDA or pro forma TTM adjusted EBITDA. We believe that this metric is a key measure of our financial liquidity and flexibility and is used in the calculation of a key metric in one of our Credit Facility financial covenants. The following table presents a reconciliation of the IFRS Financial measure of Total Non-Current Borrowings to the Non-IFRS measure of Net Debt and a calculation of Net Debt-to-Adjusted EBITDA and Net Debt-to-Pro Forma Adjusted EBITDA for each of the periods listed: As of(In thousands)March 31, 2025June 30, 2025June 30, 2024December 31, 2024Total debt$2,701,190$2,676,910$1,654,560$1,693,242LESS: Cash and cash equivalents 32,641 23,743 3,483 5,990LESS: Restricted cash(1)(2) 106,011 103,158 54,976 46,269Net debt$2,562,538$2,550,009$1,596,101$1,640,983Pro forma TTM adjusted EBITDA(3)$952,216$964,028$584,261$548,570Net debt-to-pro forma TTM adjusted EBITDA(4)2.7x2.6x2.7x3.0x (1)Includes adjustments for deferred financing costs and original issue discounts, consistent with presentation on the Statement of Financial Position. (2)The increase of restricted cash as of March 31 and June 30, 2025, is due to the addition of $19 million and $31 million in restricted cash for the ABS X Notes and ABS Maverick Notes, respectively, offset by $4 million for the retirement of the ABS I & II notes. (3)Includes adjustments for the trailing twelve months ended March 31, 2025 for the Oaktree, Crescent Pass, and East Texas II acquisitions to pro forma results for a full twelve months of operations. Similar adjustments were made for the trailing twelve months ended June 30, 2025 for the Maverick, Summit, Crescent Pass, and East Texas II acquisitions as well as for the trailing twelve months ended June 30, 2024 for the Oaktree acquisition and for the trailing twelve months ended December 31, 2024 for the Oaktree, Crescent Pass, and East Texas II acquisitions. (4)Does not include adjustments for working capital which are often customary in the market. Free Cash Flow As used herein, free cash flow represents net cash provided by operating activities, less expenditures on natural gas and oil properties and equipment, and cash paid for interest. We believe that free cash flow is a useful indicator of our ability to generate cash that is available for activities beyond capital expenditures. The Directors believe that free cash flow provides investors with an important perspective on the cash available to service debt obligations, make strategic acquisitions and investments, and pay dividends. The following table presents a reconciliation of the IFRS Financial measure of Net Cash from Operating Activities to the Non-IFRS measure of Free Cash Flow for each of the periods listed: Three Months Ended Six Months Ended(In thousands)March 31, 2025June 30, 2025 June 30, 2025June 30, 2024December 31, 2024Net cash provided by operating activities$131,539 $132,596 $264,135 $160,810 $184,853 LESS: Expenditures on natural gas and oil properties and equipment (28,031) (61,238) (89,269) (20,848) (31,252)LESS: Cash paid for interest (41,574) (50,680) (92,254) (47,632) (75,509)Free cash flow$61,934 $20,678 $82,612 $92,330 $78,092 ADD: Proceeds from divestitures 1,970 67,655 69,625 9,933 59,048 Adjusted free cash flow$63,904 $88,333 $152,237 $102,263 $229,470 Free cash flow yield(1) 31% (1) Annualized second quarter 2025 free cash flow of $88 million and Market Cap of $1.1 billion as of August 8, 2025. Total Revenue, Inclusive of Settled Hedges and Adjusted EBITDA Margin As used herein, total revenue, inclusive of settled hedges, accounts for the impact of derivatives settled in cash. We believe that total revenue, inclusive of settled hedges, is useful because it enables investors to discern our realized revenue after adjusting for the settlement of derivative contracts. As used herein, adjusted EBITDA margin is measured as adjusted EBITDA, as a percentage of total revenue, inclusive of settled hedges. Adjusted EBITDA margin encompasses the direct operating costs and the portion of general and administrative costs required to produce each Mcfe. This metric includes operating expense, employee costs, administrative costs and professional services, and recurring allowance for credit losses, which cover both fixed and variable cost components. We believe that adjusted EBITDA margin is a useful measure of our profitability and efficiency, as well as our earnings quality, because it evaluates the Group on a more comparable basis period-over-period, especially given our frequent involvement in transactions that are not comparable between periods. The following table presents a reconciliation of the IFRS Financial measure of Total Revenue to the Non-IFRS measure of Total Revenue, Inclusive of Settled Hedges and a calculation of Adjusted EBITDA Margin for each of the periods listed: Three Months Ended Six Months Ended(In thousands)March 31, 2025June 30, 2025 June 30, 2025June 30, 2024December 31, 2024Total revenue$346,903 $431,162 $778,065 $368,674 $426,167 Net gain (loss) on commodity derivative instruments(1) (52,271) 14,617 (37,654) 77,749 73,540 Total revenue, inclusive of settled hedges 294,632 445,779 740,411 446,423 499,707 Adjusted EBITDA$138,164 $279,813 $417,977 $217,787 $254,522 Adjusted EBITDA margin 47 % 63 % 56 % 49 % 51 % (1) Net gain (loss) on commodity derivative settlements represents cash paid or received on commodity derivative contracts. This excludes settlements on foreign currency and interest rate derivatives, as well as the gain (loss) on fair value adjustments for unsettled financial instruments for each of the periods presented.
Romania Trade Gap Narrows in June - ForexTV
In June 2025, Romania experienced a reduction in its trade deficit, which decreased to EUR 2.37 billion from EUR 2.80 billion in the same month the previous year. This improvement was largely due to a notable increase in exports, which grew by 6.3% year-on-year to reach EUR 8.22 billion. This surge was driven by a 9% rise in sales to non-EU markets and a 5.25% increase in shipments to EU countries. In contrast, imports saw a modest growth of just 0.6% compared to the previous year, totaling EUR 10.59 billion. This growth was primarily due to a 3.5% increase in purchases from EU markets, while there was a 6.7% decline in imports from non-EU markets. For the first half of the year, the trade deficit expanded to EUR 16.71 billion from EUR 16.17 billion in the corresponding period of the previous year, as exports rose by 3.1% and imports grew by 4.9%.The material has been provided by InstaForex Company - www.instaforex.com
INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Nutex Health Inc. - NUTX - ForexTV
NEW YORK, Aug. 09, 2025 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Nutex Health Inc. (“Nutex” or the “Company”) (NASDAQ: NUTX). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext. 7980. The investigation concerns whether Nutex and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. [Click here for information about joining the class action] On July 22, 2025, Blue Orca Capital (“Blue Orca”) issued a short report on Nutex. The Blue Orca report alleges, among other things, that Nutex faces litigation risk due to its relationship with HaloMD, a third-party vendor that was recently sued for engaging in a “coordinated fraudulent scheme” to take millions from insurance companies on behalf of healthcare billing clients. Following publication of the Blue Orca report, Nutex’s stock price fell $11.18 per share, or 10.05%, to close at $100.01 per share on July 22, 2025. The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, London, and Paris is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com. Attorney advertising. Prior results do not guarantee similar outcomes. CONTACT:Danielle PeytonPomerantz LLPdpeyton@pomlaw.com646-581-9980 ext. 7980
SOC INVESTOR DEADLINE: Sable Offshore Corp. Investors with Substantial Losses Have Opportunity to Lead Investor Class Action Lawsuit - RGRD Law - ForexTV
SAN DIEGO, Aug. 09, 2025 (GLOBE NEWSWIRE) -- Robbins Geller Rudman & Dowd LLP announces that purchasers or acquirers of Sable Offshore Corp. (NYSE: SOC) publicly traded securities between May 19, 2025 and June 3, 2025, all dates inclusive (the “Class Period”) and/or pursuant and/or traceable to Sable Offshore’s registration statement issued in connection with Sable Offshore’s May 21, 2025 secondary public offering (the “SPO”), have until September 26, 2025 to seek appointment as lead plaintiff of the Sable Offshore class action lawsuit. Captioned Johnson v. Sable Offshore Corp., No. 25-cv-06869 (C.D. Cal.), the Sable Offshore class action lawsuit charges Sable Offshore as well as certain of Sable Offshore’s top executives and underwriters of the SPO with violations of the Securities Act of 1933 and/or the Securities Exchange Act of 1934. If you suffered substantial losses and wish to serve as lead plaintiff of the Sable Offshore class action lawsuit, please provide your information here: https://www.rgrdlaw.com/cases-sable-offshore-corp-class-action-lawsuit-soc.html You can also contact attorneys J.C. Sanchez or Jennifer N. Caringal of Robbins Geller by calling 800/449-4900 or via e-mail at info@rgrdlaw.com. CASE ALLEGATIONS: Sable Offshore operates as an independent oil and gas company. According to the Sable Offshore class action lawsuit, on or about May 21, 2025, Sable Offshore conducted its SPO, issuing 10 million shares of its common stock at the offering price of $29.50 per share for proceeds of $295 million to Sable Offshore. The Sable Offshore class action lawsuit alleges that defendants throughout the Class Period and in the SPO’s offering documents represented that Sable Offshore had restarted oil production off the coast of California when it had not. The Sable Offshore class action lawsuit further alleges that on May 23, 2025, Eleni Kounalakis, the Lieutenant Governor of California and chair of the California State Lands Commission wrote a letter to Sable Offshore’s Vice President of Environmental & Government Affairs, Steve Rusch, stating that a May 19, 2025 Sable Offshore press release “appears to mischaracterize the nature of recent activities, causing significant public confusion and raising questions regarding Sable’s intentions. Your press release also implies that Sable has restarted operations at the Santa Ynez Unit (SYU). However, Commission staff has informed me that the limited volume oil flows are the result of well-testing procedures required by the Bureau of Safety and Environmental Enforcement prior to restart. These activities do not constitute a resumption of commercial production or a full restart of the SYU.” The May 23 letter was not published on the internet for the general public to view until May 28, 2025, the complaint alleges. On this news, the price of Sable Offshore stock fell more than 15%, according to the Sable Offshore class action lawsuit. Then, on June 4, 2025, the complaint alleges that Sable Offshore revealed that “[o]n June 3, 2025, a Santa Barbara County Superior Court Judge granted ex parte requests from plaintiffs in Center for Biological Diversity, et al. v. California Department of Forestry and Fire Protection, et al. (25CV02244) and Environmental Defense Center, et al. v. California Department of Forestry and Fire Protection, et al. (25CV02247) for temporary restraining orders prohibiting Sable Offshore Corp. (‘Sable’) from restarting transportation of oil through the Las Flores Pipeline System pending the hearing on an order to show cause regarding a preliminary injunction scheduled for July 18, 2025.” On this news, the price of Sable Offshore stock fell further, according to the Sable Offshore class action lawsuit. THE LEAD PLAINTIFF PROCESS: The Private Securities Litigation Reform Act of 1995 permits any investor who purchased or acquired Sable Offshore publicly traded securities during the Class Period and/or pursuant and/or traceable to the SPO to seek appointment as lead plaintiff in the Sable Offshore class action lawsuit. A lead plaintiff is generally the movant with the greatest financial interest in the relief sought by the putative class who is also typical and adequate of the putative class. A lead plaintiff acts on behalf of all other class members in directing the Sable Offshore class action lawsuit. The lead plaintiff can select a law firm of its choice to litigate the Sable Offshore class action lawsuit. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff of the Sable Offshore class action lawsuit. ABOUT ROBBINS GELLER: Robbins Geller Rudman & Dowd LLP is one of the world’s leading law firms representing investors in securities fraud and shareholder litigation. Our Firm has been ranked #1 in the ISS Securities Class Action Services rankings for four out of the last five years for securing the most monetary relief for investors. In 2024, we recovered over $2.5 billion for investors in securities-related class action cases – more than the next five law firms combined, according to ISS. With 200 lawyers in 10 offices, Robbins Geller is one of the largest plaintiffs’ firms in the world, and the Firm’s attorneys have obtained many of the largest securities class action recoveries in history, including the largest ever – $7.2 billion – in In re Enron Corp. Sec. Litig. Please visit the following page for more information: https://www.rgrdlaw.com/services-litigation-securities-fraud.html Past results do not guarantee future outcomes. Services may be performed by attorneys in any of our offices. Contact: Robbins Geller Rudman & Dowd LLP J.C. Sanchez, Jennifer N. Caringal 655 W. Broadway, Suite 1900, San Diego, CA 92101 800-449-4900 info@rgrdlaw.com
INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Geely Automobile Holdings Limited - GELYF; GELYY - ForexTV
NEW YORK, Aug. 09, 2025 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Geely Automobile Holdings Limited (“Geely” or the “Company”) (OTCMKTS: GELYF; GELYY). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext. 7980. The investigation concerns whether Geely and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. [Click here for information about joining the class action] On July 19, 2025, Reuters published an article reporting that Geely’s premium electric vehicle brand “Zeekr inflated sales in recent years to hit aggressive targets,” citing “documents reviewed by Reuters and interviews with dealers and buyers.” The article reported that Zeekr “arranged for cars to be insured before they were sold to buyers, . . . enabling them under Chinese industry car registration practices to book sales early so they could hit the monthly and quarterly targets[.]” On this news, the value of Geely securities fell sharply, damaging investors. Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com. Attorney advertising. Prior results do not guarantee similar outcomes. CONTACT:Danielle PeytonPomerantz LLPdpeyton@pomlaw.com646-581-9980 ext. 7980
Egypt Inflation Rate at 3-Month Low - ForexTV
Egypt's annual urban inflation rate decreased for the second month in a row, reaching 13.9% in July 2025, a decline from 14.9% in June. This follows a peak in May, primarily due to rising fuel costs. July's inflation rate marks the lowest since April, with a significant slowdown in food prices being a major factor. Food price inflation was the lowest since June 2021, dropping to 3.4% from 6.9% in June. Additionally, price increases eased across several sectors: transport (from 42.2% to 41.5%), restaurants and hotels (from 17.3% to 15.2%), clothing (from 16.0% to 14.9%), furnishings (from 13.8% to 12.9%), communications (from 12.2% to 12.1%), and miscellaneous goods and services (from 13.7% to 13.6%). On a month-to-month basis, the Consumer Price Index (CPI) decreased by 0.5% in July, following a 0.1% downturn in June. This marks the second month of deflation in a row, with the most significant decline since May 2024.The material has been provided by InstaForex Company - www.instaforex.com
INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Dow Inc. – DOW - ForexTV
NEW YORK, Aug. 09, 2025 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Dow Inc. (“Dow” or the “Company”) (NYSE: DOW). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext. 7980. The investigation concerns whether Dow and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. [Click here for information about joining the class action] On July 24, 2025, Dow issued a press release reporting its financial results for the second quarter of 2025. Among other items, Dow reported that “[n]et sales were $10.1 billion, down 7% year-over-year, reflecting declines in all operating segments. Sequentially, net sales were down 3%, as seasonally higher demand in Performance Materials & Coatings was more than offset by declines across the other operating segments.” Dow’s Chief Executive Officer said that “[w]e are also adjusting our dividend to ensure we maintain a balanced capital allocation framework.” On this news, Dow’s stock price fell $5.30 per share, or 17.45%, to close at $25.07 per share on July 24, 2025. The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, London, and Paris is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com. Attorney advertising. Prior results do not guarantee similar outcomes. CONTACT:Danielle PeytonPomerantz LLPdpeyton@pomlaw.com646-581-9980 ext. 7980
INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of MarineMax, Inc. – HZO - ForexTV
NEW YORK, Aug. 09, 2025 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of MarineMax, Inc. (“MarineMax” or the “Company”) (NYSE: HZO). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext. 7980. The investigation concerns whether MarineMax and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. [Click here for information about joining the class action] On July 24, 2025, MarineMax issued a press release reporting its financial results for the third quarter of 2025. Among other items, MarineMax cut its profit guidance by half at the midpoint to $0.45 to $0.95 per share, compared to prior guidance of $1.40 to $2.40 per share. MarineMax’s Chief Executive Officer stated that “[a] combination of ongoing economic uncertainty, evolving trade policies and geopolitical tensions contributed to weak retail demand across the recreational marine industry in the June quarter,” adding that the challenging business conditions is leading consumers to delay purchases until conditions improve. On this news, MarineMax’s stock price fell $4.61 per share, or 16.87%, to close at $22.71 per share on July 24, 2025. The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, London, and Paris is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com. Attorney advertising. Prior results do not guarantee similar outcomes. CONTACT:Danielle PeytonPomerantz LLPdpeyton@pomlaw.com646-581-9980 ext. 7980
INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of WPP plc - WPP - ForexTV
NEW YORK, Aug. 09, 2025 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of WPP plc (“WPP” or the “Company”) (NYSE: WPP). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext. 7980. The investigation concerns whether WPP and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. [Click here for information about joining the class action] On July 8, 2025, WPP announced that “we are reducing our guidance for 2025 [like-for-like] revenue less pass-through costs to -3% to -5% and now expect a year-on-year decline in headline operating profit margin of 50 to 175 bps (excluding FX) reflecting benefits from continued action on costs.” WPP said that “[a]gainst a challenging economic backdrop, we have seen a deterioration in performance as Q2 has progressed” and expected “continued macro uncertainty weighing on client spend and weaker net new business than originally anticipated[.]” On this news, WPP’s American Depositary Receipt (“ADR”) price fell $6.48 per ADR, or 18.09%, to close at $29.34 per ADR on July 9, 2025. The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, London, and Paris is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com. Attorney advertising. Prior results do not guarantee similar outcomes. CONTACT:Danielle PeytonPomerantz LLPdpeyton@pomlaw.com646-581-9980 ext. 7980
INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of ZEEKR Intelligent Technology Holding Limited - ZK - ForexTV
NEW YORK, Aug. 09, 2025 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of ZEEKR Intelligent Technology Holding Limited (“Zeekr” or the “Company”) (NYSE: ZK). Such investors are advised to contact Danielle Peyton at newaction@pomlaw.com or 646-581-9980, ext. 7980. The investigation concerns whether Zeekr and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. [Click here for information about joining the class action] On July 19, 2025, Reuters published an article reporting that “Chinese electric vehicle brands Neta and Zeekr inflated sales in recent years to hit aggressive targets,” citing “documents reviewed by Reuters and interviews with dealers and buyers.” The article reported that “[t]he companies arranged for cars to be insured before they were sold to buyers, . . . enabling them under Chinese industry car registration practices to book sales early so they could hit the monthly and quarterly targets[.]” On this news, Zeekr’s American Depositary Receipt (“ADR”) fell $1.08 per share, or 3.59%, to close at $28.99 per share on July 21, 2025. Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomlaw.com. Attorney advertising. Prior results do not guarantee similar outcomes. CONTACT:Danielle PeytonPomerantz LLPdpeyton@pomlaw.com646-581-9980 ext. 7980
China's July PPI Shows Steady -3.6% in Year-Over-Year Comparison - ForexTV
China's Producer Price Index (PPI) maintained its position at -3.6% in July 2025, matching the percentage recorded in June, according to the latest data updated on August 9, 2025. This year-over-year comparison highlights a consistent drop when evaluated against the same months of the previous year but reflects no further decline from June to July.The unchanged indicator suggests that while pressures remain in certain sectors, there has been no further deterioration compared to the previous month. Analysts often use PPI as a leading indicator for inflation trends, as it measures average changes in selling prices received by domestic producers for their output.The steady PPI could signal a stabilization in producer prices, but with a consistent decline year-over-year, the situation still poses challenges to policymakers aiming to kickstart economic growth in the world's second-largest economy. As global economic dynamics continue to evolve, China's PPI will be a critical figure to monitor for signs of recovery or further distress.The material has been provided by InstaForex Company - www.instaforex.com
China CPI Beats Forecasts - ForexTV
In July 2025, China's consumer prices remained stable compared to the same period a year earlier, defying market predictions of a 0.1% reduction. This follows a marginal 0.1% increase in June. Non-food prices saw an upward trend, rising by 0.3% from 0.1% in June, buoyed by notable increases in several sectors: housing rose by 0.1%, clothing by 1.7% from 1.6%, healthcare by 0.5% from 0.4%, and education by 0.9%, slightly down from 1.0%. Meanwhile, transportation costs decreased at a slower rate, falling by 3.1% compared to the previous month's drop of 3.7%. In contrast, food prices experienced a sharper decline, falling by 1.6% from the 0.3% decrease in June, marking the sixth consecutive month of food price reductions. On a month-to-month basis, the Consumer Price Index (CPI) rose by 0.4%, exceeding predictions of 0.3% and reversing the 0.1% decline observed the previous month. This represents the most significant monthly inflation increase since January.The material has been provided by InstaForex Company - www.instaforex.com
China Food Prices Drop the Most in 5 Months - ForexTV
In July 2025, China's food prices experienced a 1.6% decrease compared to the previous year, further extending from a 0.3% decline in June. This marked the sixth consecutive month of decline and represented the most significant drop since February.The material has been provided by InstaForex Company - www.instaforex.com
China's Inflation Rebounds as July CPI Gains Ground - ForexTV
In a notable shift from the previous month, China's Consumer Price Index (CPI) experienced a remarkable recovery, registering a positive change in July 2025. Official data updated on August 9th reveals that the CPI surged to 0.4% compared to the -0.1% recorded in June, marking a significant turnaround for the world's second-largest economy.The July rise in CPI underscores a month-over-month rebound, which follows a period of negative inflation. June's decline had economists concerned about the potential for prolonged deflationary pressures, but the latest figures allay those fears, signalling a return to modest inflationary growth.Economic analysts are optimistic about this upward trend, attributing the progress to stabilized market conditions and policy adjustments by the Chinese government aimed at stimulating consumer demand. As China continues to navigate the complexities of economic recovery, the latest CPI data provides an encouraging indicator of increasing consumer confidence and spending. The coming months will be crucial in determining if this momentum can be sustained.The material has been provided by InstaForex Company - www.instaforex.com
SplitSimple's 2025 Social Work Scholarship Empowers Future Change-Makers - ForexTV
Denver, Aug. 08, 2025 (GLOBE NEWSWIRE) -- Split Simple is now accepting applications for its annual social work scholarship. This scholarship is designed to help students who are pursuing careers in social work. It aims to provide financial support to those who are committed to making a difference in social services. Each year, the scholarship from Split Simple offers financial aid to students who show a strong desire to help others and a dedication to social justice. The scholarship is open to students enrolled in accredited social work programs. It awards $500 to assist with tuition, books, and other educational costs. Applicants need to submit a personal statement detailing why they are motivated to enter the field of social work and what they hope to achieve in their careers. Other important factors considered are academic performance, community involvement, and financial need. Chris Griffith of Split Simple highlights the company's dedication to supporting future leaders in social work. "Our scholarship is one of the ways we contribute to the community. By supporting passionate students, we want them to continue their education and make a positive impact in social work," Griffith said. This scholarship is part of Split Simple's ongoing community contributions, which align with its core values. As a provider of divorce mediation services in Denver, Aurora, Boulder and throughout Colorado, Split Simple acknowledges the crucial role social workers have in offering support to those experiencing life changes. Social workers provide necessary guidance and resources to individuals and families. The scholarship recognizes the importance of the changes social workers make in the lives of others. They help people, families, and communities overcome challenges, from managing trauma to advocating for social change. Beyond the scholarship, Split Simple offers a comprehensive range of services, including divorce mediation, uncontested divorce facilitation, and guidance on alimony, child care issues, and fair division of assets. Their approach to mediation focuses on resolving disputes peacefully and efficiently. They also work with no-fault divorce cases and provide up front reasonable pricing. Their mediation services, described on their website, emphasize a structured and thoughtful process designed to meet the needs of all parties involved. The wide array of services they offer highlights the need for professional mediation and guidance to achieve fair outcomes. Griffith speaks about the company's commitment to community involvement: "We see the scholarship as an extension of our service ethos. It's about supporting those who will continue to promote peace and understanding in various capacities." Candidates are encouraged to apply early to ensure their applications are reviewed. The application period closes September 20, 2025. The chosen recipient will be announced and funds will be provided by October 1, 2025. As Split Simple continues its work in Colorado, it remains dedicated to having a positive impact through its mediation services and by nurturing the next generation of social workers. The company hopes this scholarship will ease some of the financial challenges faced by students who aim to enter this essential profession. By investing in education, Split Simple strives to build a community of skilled professionals dedicated to helping others. As individuals and communities face growing challenges, the role of social workers is increasingly vital. By providing financial help to students, Split Simple aims to inspire a new generation of social workers who can significantly contribute to society. The company's scholarship underlines its commitment to education and professional development in fields that directly affect people's lives. For more information on the scholarship or to apply, interested students can visit https://www.splitsimple.com/. This initiative aligns with the company's longstanding commitment to community service and supporting educational growth among those vested in social improvement. Recent News: SplitSimple's Scholarship Program Empowers Students Overcoming Family Divorce Challenges https://www.youtube.com/watch?v=CVFBgjhfss8 ### For more information about SplitSimple, contact the company here:SplitSimple Chris Griffith(855)665-9920Chris@SplitSimple.com1624 Market St #202Denver, CO 80202 CONTACT: Chris Griffith
Questerre reports second quarter 2025 results - ForexTV
THIS NEWS RELEASE IS NOT FOR DISSEMINATION OR DISTRIBUTION IN THE UNITED STATES OF AMERICA TO UNITED STATES NEWSWIRE SERVICES OR UNITED STATES PERSONS CALGARY, Alberta, Aug. 08, 2025 (GLOBE NEWSWIRE) -- Questerre Energy Corporation (“Questerre” or the “Company”) (TSX,OSE:QEC) reported today on its financial and operating results for the second quarter ended June 30, 2025. Michael Binnion, President, and Chief Executive Officer of Questerre, commented, “Our production averaged over 3,000 boe per day in the quarter after the tie-in of the three (1.5 net) Kakwa North wells. We are assessing both owned and third-party processing capacity for these existing volumes and future growth. A follow-up drilling program is now scheduled for the second half of next year.” Commenting on developments in Quebec, he added, “Interest is growing in our natural gas discovery as a secure and reliable supply in Quebec, particularly among industrial gas users. It is also being considered as the supply for the 550 MW Becancour thermal power plant as it may be converted to produce power for peak demand periods. As we work towards a business solution, we are also following the legal process to protect our shareholders’ rights. We recently filed an application for leave to appeal a decision by the Quebec Court of Appeal to reinstate certain provisions of Bill 21 prior to our hearing on the merits of the case.” Highlights Kakwa North wells tied-in and on productionQuesterre filed leave to appeal to Supreme Court of Canada following Quebec Court of Appeal ruling on Bill 21Average daily production of 3,091 boe per day for the quarter, almost doubling production from the same period last yearNet cash from operating activities of $6.3 million and adjusted funds flow from operations of $5 million despite significantly lower realized prices Following the tie-in of the Kakwa North wells, production volumes this year increased materially compared to last year. Production averaged 3,091 boe/d for the quarter (2024: 1,559 boe/d) and 2,414 boe/d for the first half of the year (2024: 1,612 boe/d). Higher production volumes were partly offset by the lower realized liquids prices resulting in higher revenue for the quarter and six months ended June 30 compared to last year. For the quarter, petroleum and natural gas sales totaled $13.7 million (2024: $8.8 million) and $22.8 million year to date (2024: $17.8 million). The higher revenue contributed to adjusted funds flow from operations of $5 million (2024: $4.5 million) in the quarter and $8.5 million for the first six months of the year (2024: $7.4 million) and cash flow from operations of $6.3 million for the quarter (2024: $3.1 million). The revenue was offset by higher expenses and contributed to a net loss of $0.7 million for the quarter and year to date (2024: $1.3 million income for the quarter and $1.1 million year to date). Capital expenditures in the quarter were $1 million (2024: $7 million) and $18.9 million year to date (2024: $9.7 million). As at June 30, 2025, effectively no amounts were drawn on the facility and the Company held unrestricted cash and term deposits of $18.3 million. As of June 30, 2025, the Company had a net working capital surplus of $13.2 million (2024: $27.6 million surplus). The term "adjusted funds flow from operations" and “working capital surplus” are non-IFRS measures. Please see the reconciliation elsewhere in this press release. Questerre is an energy technology and innovation company. It is leveraging its expertise gained through early exposure to low permeability reservoirs to acquire significant high-quality resources. We believe we can successfully transition our energy portfolio. With new clean technologies and innovation to responsibly produce and use energy, we can sustain both human progress and our natural environment. Questerre is a believer that the future success of the oil and gas industry depends on a balance of economics, environment, and society. We are committed to being transparent and are respectful that the public must be part of making the important choices for our energy future. Advisory Regarding Forward-Looking Statements This news release contains certain statements which constitute forward-looking statements or information (“forward-looking statements”) including its assessment of processing capacity for existing volumes and future growth, the operator’s plans for follow-up drilling, and the Company’s views on interest in its natural gas discovery growing among industrial gas users. Forward-looking statements are based on several material factors, expectations, or assumptions of Questerre which have been used to develop such statements and information, but which may prove to be incorrect. Although Questerre believes that the expectations reflected in these forward-looking statements are reasonable, undue reliance should not be placed on them because Questerre can give no assurance that they will prove to be correct. Since forward-looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. Further, events or circumstances may cause actual results to differ materially from those predicted as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company, including, without limitation: the implementation of Bill 21 by the Government of Quebec and certain other risks detailed from time-to-time in Questerre's public disclosure documents. Additional information regarding some of these risks, expectations or assumptions and other factors may be found under in the Company's Annual Information Form for the year ended December 31, 2024, and other documents available on the Company’s profile at www.sedar.com. The reader is cautioned not to place undue reliance on these forward-looking statements. The forward-looking statements contained in this news release are made as of the date hereof and Questerre undertakes no obligations to update publicly or revise any forward-looking statements, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws. Certain information set out herein may be considered as “financial outlook” within the meaning of applicable securities laws. The purpose of this financial outlook is to provide readers with disclosure regarding Questerre’s reasonable expectations as to the anticipated results of its proposed business activities for the periods indicated. Readers are cautioned that the financial outlook may not be appropriate for other purposes. (1) For the three-month period ended June 30, 2025, liquids production including light crude and natural gas liquids accounted for 1,690 bbls/d (2024: 931 bbls/d) and natural gas including conventional and shale gas accounted for 8,409 Mcf/d (2023: 3,767 Mcf/d). For the six-month period ended June 30, 2025, liquids production including light crude and natural gas liquids accounted for 1,346 bbls/d (2024: 955 bbls/d) and natural gas including conventional and shale gas accounted for 6,412 Mcf/d (2024: 3,942 Mcf/d). Barrel of oil equivalent (“boe”) amounts may be misleading, particularly if used in isolation. A boe conversion ratio has been calculated using a conversion rate of six thousand cubic feet of natural gas to one barrel of oil and the conversion ratio of one barrel to six thousand cubic feet is based on an energy equivalent conversion method application at the burner tip and does not necessarily represent an economic value equivalent at the wellhead. Given that the value ratio based on the current price of crude oil as compared to natural gas is significantly different from the energy equivalent of 6:1, utilizing a conversion on a 6:1 basis may be misleading as an indication of value. This press release contains the terms “adjusted funds flow from operations” and “working capital surplus” which are non-GAAP terms. Questerre uses these measures to help evaluate its performance. As an indicator of Questerre’s performance, adjusted funds flow from operations should not be considered as an alternative to, or more meaningful than, cash flows from operating activities as determined in accordance with GAAP. Questerre’s determination of adjusted funds flow from operations may not be comparable to that reported by other companies. Questerre considers adjusted funds flow from operations to be a key measure as it demonstrates the Company’s ability to generate the cash necessary to fund operations and support activities related to its major assets. Three months ended June 30,Six months ended June 30,($ thousands) 2025 2024 2025 2024Net cash from operating activities$ 6,288 $ 3,141$ 9,646 $ 5,769Change in non-cash operating working capital (1,283) 1,314 (1,099) 1,659Adjusted Funds Flow from Operations$ 5,005 $ 4,455$ 8,547 $ 7,428 Working capital surplus is a non-GAAP measure calculated as current assets less current liabilities excluding risk management contracts and lease liabilities. CONTACT: For further information, please contact: Questerre Energy Corporation Jason D’Silva, Chief Financial Officer (403) 777-1185 | (403) 777-1578 (FAX) |Email: info@questerre.com
Q-Gold Provides Corporate Update - ForexTV
TORONTO, Aug. 08, 2025 (GLOBE NEWSWIRE) -- Q-Gold Resources Ltd. (TSXV: QGR) (“Q-Gold” or the “Company”) is pleased to provide the following corporate update on its recent and upcoming activities, including as they relate to the later stage mineral exploration project located in south-central Oregon (the “Quartz Mountain Project”) that the Company intends to acquire from Alamos Gold Inc. (“Alamos”) pursuant to a share exchange agreement dated March 31, 2025 (the “Acquisition”). For more information about the Acquisition and the Quartz Mountain Project, please see the Company’s press release dated April 3, 2025, a copy of which is available under the Company’s SEDAR+ profile at www.sedarplus.ca. The Company is pleased to announce that, in addition to being appointed as the Company’s chief executive officer and president (see the Company’s press release dated July 17, 2025), Peter Tagliamonte has joined the Company’s board of directors, effective immediately. Further, next week, Q-Gold representatives intend to visit the Quartz Mountain Project site for the first time. The delegation will include Dr. Andreas Rompel, Chief Operating Officer and Vice President Exploration, and Fred Brown, who is currently working on preparing a new mineral resource estimate for the Company in respect of the Quartz Mountain Project (see the Company’s press release dated July 21, 2025). The anticipated updated mineral resource estimate, which is being prepared for Q-Gold, is intended by the Company to replace all previous historical mineral resource estimates on the project. Fred Brown has also agreed to assume the role of “Qualified Person” (as such term is defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects) for certain of the Company’s purposes in respect of the Quartz Mountain Project. As part of the visit, the team expects to: conduct sampling of selected diamond drill core; andverify the current status of all claims at the Quartz Mountain Project (which is comprised of Quartz Mountain and Angel’s Camp). The site tour will be facilitated by Wolf Schleiss, a former employee of Alamos, who participated in the company’s diamond drilling campaign in 2014-2015. The two-day trip is expected to include (among other things) the site visit, a tour of the core yard, and an introduction to the Lakeview, Oregon Town Council - the nearest community to the project. Finally, the Company has entered into an investor relations agreement with bullVestor Medien GmbH (“bullVestor”) dated August 8, 2025, for assistance with its investor awareness marketing campaign. bullVestor provides marketing and investor relations services. The company will assist Q-Gold in enhancing its visibility with potential investors by providing, among other services, content creation management, keyword optimization, ad groups and display ads, project management, and media distribution for a total cost of euro 315,000 for a 6-month period commencing on or about the date on which the TSX Venture Exchange (“TSXV”) approves the engagement (the “TSXV Approval”). Pursuant to the agreement respecting the engagement, euro 125,000 is payable within seven days following the date of the TSXV Approval, with the remaining euro 190,000 being payable within 90 days following the date of the TSXV Approval. bullVestor is an arm’s length party from the Company and principally operates out of Austria. As of the date of this press release, to the knowledge of the Company, neither bullVestor nor any of its directors and officers own any interest, directly or indirectly, in the securities of the Company. bullVestor’s engagement is subject to approval of the TSXV. About the Existing Quartz Mountain Property The Quartz Mountain Project is an advanced-stage exploration project located in south-central Oregon. Over the years, approximately 100,000 metres of drilling has been conducted, with the majority of work focused on the Crone Hill and Quartz Butte deposits, which host a measured, indicated and inferred mineral resource. Combined with the Angel’s Camp property (which, for certainty, comprises a portion of the Quartz Mountain Project), the project covers a large land package which the Company believes offers significant exploration potential (for more information about the Quartz Mountain Project, please see the Company’s press release dated April 3, 2025). About Q-Gold Resources Ltd. Q-Gold Resources (TSXV: QGR, OTC: QGLDF) is a publicly traded Canadian-based mineral exploration company targeting high-grade gold and silver discoveries in multiple jurisdictions. Q-Gold is currently exploring for gold at the past-producing Foley Gold Mine in Mine Centre, Ontario. For further information, contact:Dr. Andreas RompelChief Operating Officer and VP Explorationandy.rompel@qgoldresources.comCell: +1 778 987 9114 Cautionary Notes The content and grades of any mineral deposits at the Company’s properties are conceptual in nature. There has been insufficient exploration to define a mineral resource on its properties and it is uncertain if further exploration will result in any target being delineated as a mineral resource. This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Forward-looking information includes, but is not limited to, statements with respect to the Company’s anticipated visit to the Quartz Mountain Project, the preparation of an updated mineral resource estimate to replace previous historical mineral resource estimates, and the Company’s engagement of bullVestor to build awareness of the Company with potential investors. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company, as the case may be, to be materially different from those expressed or implied by such forward-looking information, including but not limited to: receipt of necessary approvals; successful completion of a financing and the satisfaction of the other closing conditions necessary to complete the Acquisition; general business, economic, competitive, political and social uncertainties; future mineral prices and market demand; accidents, labour disputes and shortages and other risks of the mining industry. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws. NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
First National Bank Alaska announces unaudited results for second quarter 2025 - ForexTV
ANCHORAGE, Alaska, Aug. 08, 2025 (GLOBE NEWSWIRE) -- First National Bank Alaska’s (OTCQX:FBAK) net income for the second quarter of 2025 was $18.4 million, or $5.80 per share. This compares to a net income of $15.6 million, or $4.94 per share, for the same period in 2024. “Return on Assets is 1.46% at June 30, 2025, showing improvement over each of the last five quarters,” said First National Board Chair and CEO/President Betsy Lawer. “The bank’s net interest margin of 3.69% reflects the execution of new high-quality loans and, combined with diligent expense management, has our second quarter net income demonstrating the strength of the strategies developed by our board and executive management team, as well as the excellence of our 600-plus employees.” Loans totaled $2.6 billion as of June 30, 2025, an increase of $200.1 million compared to June 30, 2024. Nonperforming loans were $9.8 million, 0.38% of outstanding loans, an increase of $5.1 million from June 30, 2024. The year-to-date provision for credit losses totaled $2.2 million as of June 30, 2025, compared to $1.3 million as of June 30, 2024, due to loan growth. The allowance for credit losses as of June 30, 2025 totaled $20.0 million, or 0.77% of total loans. Total interest and loan fee income in the second quarter was $57.0 million, a 0.7% increase from $56.6 million compared to the second quarter of 2024. Interest and fees on loans increased $4.0 million while interest and dividends on investment securities decreased $2.9 million for quarter ending June 30, 2025 compared to June 30, 2024 on asset mix change year-over-year. Interest income to average earning assets increased to 4.67% compared to 4.40% as of June 30, 2024. Assets totaled $4.9 billion as of June 30, 2025, decreasing $192.3 million compared to June 30, 2024, primarily due to the repayments under the Federal Reserve Bank Term Funding Program during 2024. Return on assets as of June 30, 2025, increased to 1.46%, thirty-eight basis points higher than June 30, 2024, due to strong net income performance during 2025. Total interest expense for the second quarter was $11.8 million, down $4.7 million from $16.5 million compared to the second quarter of 2024, and includes $3.8 million interest incurred on borrowed funds in 2024. Deposits and repurchase agreements totaled $4.3 billion on both June 30, 2025 and June 30, 2024, with corresponding interest expense declining $0.9 million for the second quarter June 30, 2025 as compared to June 30, 2024. Interest expense to average earning assets decreased to ninety-eight basis points compared to 1.42% as of June 30, 2024. Net interest margin through June 30, 2025, was 3.69% compared to 2.98% for June 30, 2024. Noninterest operating income for second quarter 2025 was $7.4 million, and remains consistent with second quarter 2024. Noninterest expenses for second quarter 2025 increased $1.4 million compared to the same period in 2024, primarily due to an increase in salaries and benefits driven by the rising cost of health care. The efficiency ratio for June 30, 2025, was 50.58% and remains better than First National’s peer groups, both in Alaska and across the nation. Shareholders’ equity was $550.1 million as of June 30, 2025, compared to $485.2 million as of June 30, 2024. This $64.9 million increase resulted from a decrease in the net unrealized loss position of the securities portfolio and net income retained in excess of dividends paid. Return on equity as of June 30, 2025 was 13.53%, compared to 12.30% as of June 30, 2024. Book value per share increased to $173.71, compared to $153.20 as of June 30, 2024. The bank’s June 30, 2025 Tier 1 leverage capital ratio of 11.95% remains above well-capitalized standards. ABOUT FIRST NATIONAL BANK ALASKA Alaska’s community bank since 1922, First National Bank Alaska proudly meets the financial needs of Alaskans with ATMs and 28 locations in 19 communities throughout the state, and by providing banking services to meet their needs across the nation and around the world. For more than a century, the bank has been committed to supporting the communities it serves. In 2024, for the eighth consecutive reporting period, over a span of twenty-four years, First National received an Outstanding Community Reinvestment Act performance rating from the Office of the Comptroller of the Currency. In 2025, Alaska Business readers voted First National “Best of Alaska Business” in the Best Place to Work category for the 10th year in a row, Best Bank/Credit Union for the fifth time, and Best Customer Service for the second year in a row. That year, Forbes also selected First National as the sixth best bank on their America’s Best Banks list and one of the top two Banks in the State, and Newsweek recognized the bank as one of the nation’s Best Regional Banks and Credit Unions. The bank was also voted “Best of Alaska” in 2024 in the Anchorage Daily News awards, ranking as one of the top three in the Bank/Financial category for the sixth year in a row. American Banker again recognized First National as a “Best Bank to Work For” in 2024, for the seventh consecutive year. First National Bank Alaska is a Member FDIC, Equal Housing Lender, and recognized as a Minority Depository Institution by the Office of the Comptroller of the Currency, as it is majority-owned by women. Contact Corporate Communications907-777-3409 Financial Overview (Unaudited)Quarter Ended ($ in thousands) 6/30/20253/31/202512/31/20249/30/20246/30/2024 Balance Sheet Total Assets$4,923,803 $4,890,081 $4,997,767 $5,557,306 $5,116,066 Total Securities$1,859,645 $1,882,332 $1,928,625 $2,602,519 $2,197,788 Total Loans$2,591,713 $2,607,081 $2,469,935 $2,445,596 $2,391,593 Total Deposits$3,586,204 $3,580,147 $3,679,155 $3,728,181 $3,698,631 Repurchase Agreements$731,808 $716,908 $743,193 $647,043 $615,096 Total Deposits and Repurchase Agreements$4,318,012 $4,297,055 $4,422,348 $4,375,224 $4,313,727 Total Borrowing under the Federal Reserve Bank Term Funding Program$- $- $- $249,868 $249,868 Unrealized Loss on Marketable Securities, Net of Tax$(40,193)$(49,465)$(62,985)$(52,020)$(86,857) Total Shareholders' Equity$550,135 $535,148 $516,562 $527,864 $485,167 Income Statement Total Interest and Loan Fee Income$56,999 $55,863 $63,262 $64,421 $56,593 Total Interest Expense$11,842 $11,956 $18,591 $21,319 $16,521 Provision for Credit Losses$631 $1,535 $(118)$(432)$318 Total Noninterest Operating Income$7,363 $6,910 $7,178 $7,487 $7,361 Net Gains on Investment Securities$- $- $10 $- $208 Total Noninterest Expense$27,083 $25,334 $27,696 $25,928 $25,637 Provision for Income Taxes$6,423 $6,214 $4,350 $7,099 $6,039 Net Income$18,383 $17,734 $19,931 $17,994 $15,647 Earnings per Common Share$5.80 $5.60 $6.29 $5.68 $4.94 Dividend per Common Share$4.00 $4.00 $6.40 $3.20 $3.20 Financial Measures Return on Assets 1.46% 1.42% 1.22% 1.15% 1.08% Return on Equity 13.53% 13.49% 13.60% 12.90% 12.30% Net Interest Margin 3.69% 3.63% 3.12% 3.04% 2.98% Interest Income to Average Earning Assets 4.67% 4.61% 4.57% 4.51% 4.40% Interest Expense to Average Earning Assets 0.98% 0.98% 1.45% 1.47% 1.42% Efficiency Ratio 50.58% 49.70% 53.51% 53.59% 54.94% Capital Shareholders' Equity/Total Assets 11.17% 10.94% 10.34% 9.50% 9.48% Tier 1 Leverage Ratio 11.95% 11.72% 10.54% 10.39% 11.12% Regulatory Well Capitalized Minimum Ratio - Tier 1 Leverage Ratio 5.00% 5.00% 5.00% 5.00% 5.00% Tier 1 (Core) Capital$590,328 $584,613 $579,547 $579,884 $572,024 Credit Quality Nonperforming Loans and OREO$9,802 $4,243 $4,313 $4,186 $4,731 Nonperforming Loans and OREO/Total Loans 0.38% 0.16% 0.17% 0.17% 0.20% Nonperforming Loans and OREO/Tier 1 Capital 1.66% 0.73% 0.74% 0.72% 0.83% Allowance for Loan Losses$20,025 $19,500 $18,025 $18,550 $19,000 Allowance for Loan Losses/Total Loans 0.77% 0.75% 0.73% 0.76% 0.79% Net interest margin, yields, and efficiency ratios are tax effected. Financial measures are year-to-date. Per common share amounts are not in thousands.
China Producer Prices Extend 34-Month Deflation Streak - ForexTV
In July 2025, China's producer prices experienced a year-on-year decrease of 3.6%, maintaining the same rate as June and surpassing market expectations of a 3.3% decline. This represents the 34th consecutive month of producer deflation, consistent with the steepest drop recorded since July 2023.The material has been provided by InstaForex Company - www.instaforex.com
Managed IT Services from Advanced Networks Power Orange County’s Digital Transformation - ForexTV
Los Angeles, Aug. 08, 2025 (GLOBE NEWSWIRE) -- Advanced Networks, a key player in IT services across Southern California, is helping businesses in Orange County handle the challenges of digital transformation. Known for being a reliable managed service provider, the company offers customized solutions that aid businesses in updating their operations. With its Managed IT Services Orange County firms rely on, Advanced Networks is leading the charge to help local companies meet their technological needs and goals. Digital transformation involves using digital tech to boost processes, improve customer experiences, and raise overall business performance. For companies in Orange County, keeping up with digital transformation is becoming increasingly important. This shift not only updates how things are done but also keeps businesses competitive. IT support services are a big help in this, offering guidance to make sure everything integrates smoothly. One of the main hurdles during digital transformation is dealing with outdated systems and poor data management. Businesses often face problems like data silos and limited ability to scale, which can block progress. By using IT Support Orange County companies can get past these problems. Advanced Networks offers solutions that make system integrations smooth and allow businesses to grow their digital capabilities without hiccups. Shifting to digital platforms can increase the risk of cyber threats, making cybersecurity even more important. Introducing new tech often creates openings for vulnerabilities. IT support is key in strengthening cybersecurity measures to protect sensitive information and maintain business integrity. Advanced Networks provides full-fledged cybersecurity solutions to guard businesses from potential threats, detailed further on their site. Besides security, digital transformation can improve collaboration and productivity. Many businesses adopt cloud solutions and tools to enhance efficiency. Through Managed IT Services Irvine, businesses can get expert help in setting up, managing, and improving these tools, making sure they aid productivity. Cloud technology is a cornerstone of digital transformation projects. It offers scalable growth options for businesses looking to expand without worrying about system overloads or data loss. With support from IT, Orange County businesses can effortlessly move to the cloud, taking advantage of its benefits for scalable operations and better productivity. Data management and analytics are becoming key factors in making business decisions. Digital transformation enables companies to use data analytics for smarter decisions. Advanced Networks, known for its excellent IT services, assists companies in setting up the infrastructure needed for efficient data handling and analysis, promoting informed and timely decision-making. One challenge is to integrate old systems with new technology, which can be complex. IT support ensures these transitions are smooth, preventing workflow disruptions and optimizing processes. Businesses in Orange County gain from Advanced Networks' skill in managing these system integrations. Cost is a major concern in any transformation effort. Investing in managed IT services can lead to significant cost savings over time. By helping Orange County companies streamline their processes, Advanced Networks aids in cutting operational costs and improving return on investment (ROI). Digital transformation isn't just a one-time task. Keeping systems running smoothly after the transformation is crucial for performance and innovation. With ongoing IT support, businesses can quickly spot and fix potential issues, ensuring their operations stay efficient. Preparing for future tech trends is crucial for long-term success. IT support providers like Advanced Networks assist businesses in planning for technological changes through strategic updates, protecting their operations from future uncertainties. "Advanced Networks is devoted to making digital transformation smooth and effective for businesses in Orange County," said a spokesperson from Advanced Networks. "Our goal is to help our clients not only adopt new technologies but also use them for greater efficiency and growth." https://vimeo.com/166894275?fl=pl&fe=sh With its know-how and extensive services, Advanced Networks remains a vital partner for businesses ready to embrace digital change. In the fast-paced world of technology, IT support is a key factor for a successful shift, allowing Orange County companies to thrive and stay competitive. Visit their website for more information on how Advanced Networks can support any digital transformation needs. ### For more information about Advanced Networks, contact the company here:Advanced NetworksAdvanced Networks(213) 873-7620contact@adv-networks.comL.A. Office10960 Wilshire Blvd. #1415Los Angeles, CA 90024O.C. Office1340 Reynolds Ave. #116Irvine, CA 92614 CONTACT: Advanced Networks