Vancouver, BC – February 13, 2026 – TheNewswire - KORE Mining Ltd. (TSXV: KORE) (“KORE” or the “Company”) regretfully reports that it has recently learned of the passing of Mr. Barry Brandon, a director of the Company since April, 2024.James Hynes, CEO, commented: “We are deeply saddened by Barry’s passing. He was a respected director, and a person of great integrity and warmth. On behalf of the Board and management team, we extend our sincere condolences to Barry’s family, friends, and colleagues. He wil ...

Financial Performance - Total revenue for 2025 was $400.5 million, reflecting a 4% increase from $383.6 million in 2024[290]. - The company reported a net income of $188.2 million in 2025, a decrease of 8% from $203.6 million in 2024[290]. - Adjusted Earnings for 2025 increased to $342.4 million, or $2.70 per share, from $290.6 million, or $2.45 per share in 2024[301]. - The company reported a return of capital of $83 million in 2025, significantly higher than $17 million in 2024[298]. - Interest and rental income for 2025 totaled $286.4 million, compared to $265.9 million in 2024[304]. - The provision for loss on receivables increased significantly to $12.1 million in 2025, compared to $1.1 million in 2024[290]. - GAAP net income for 2025 was $188.2 million, down from $203.6 million in 2024 but up from $150.8 million in 2023, resulting in a GAAP-based return on equity of 7.3%[317]. - Adjusted earnings for 2025 were $342.4 million, compared to $290.6 million in 2024, leading to an adjusted return on equity of 13.4%[317]. Investment and Portfolio - The company generated returns from five primary sources: interest income, equity method investments, asset sale gains, fee revenue, and residual income from securitized assets[32]. - The company's Portfolio size was approximately $7.6 billion as of December 31, 2025, up from $6.6 billion on December 31, 2024[280]. - The company completed approximately $4.3 billion of transactions in 2025, compared to $2.3 billion in 2024[280]. - The company's Portfolio totaled approximately $7.6 billion as of December 31, 2025, with 52% in equity investments in renewable energy projects[281]. - The company’s equity method investments increased to $4.1 billion in 2025 from $3.6 billion in 2024[308]. - The company had over 700 transactions in its Portfolio, with an average size of $10 million and a weighted average remaining life of approximately 16 years[281]. - The anticipated principal repayments for receivables and debt securities included $3.3 billion due within one year and $2 billion due in 1-5 years[286]. Financing and Capital Structure - The company issued $500 million in junior subordinated notes during 2025, which improved access to capital and reduced reliance on equity issuance[52]. - The financing strategy focuses on minimizing equity issuance while diversifying capital sources, including secured and unsecured debt[51]. - The company plans to continue issuing debt and equity to finance its business, utilizing both on-balance sheet and off-balance sheet securitizations[335]. - The company entered into a strategic partnership with KKR, increasing the commitment to $1.5 billion for eligible projects, with $913 million remaining to be funded as of December 31, 2025[330]. - As of December 31, 2025, the company's debt to equity ratio was approximately 1.7 to 1, below the Board-approved leverage limit of up to 2.5 to 1[337]. - The percentage of fixed-rate debt was approximately 99% as of December 31, 2025, within the targeted range of 75% to 100%[337]. - The company plans to use financial leverage primarily for financing its portfolio and business activities, not for speculating on interest rate changes[339]. Market and Economic Conditions - The U.S. electricity demand is projected to grow by approximately 750 terawatt-hours (TWh) between 2025 and 2030, driven by data centers and electrification of various sectors[38]. - Average U.S. retail electricity prices rose by 29% from 2020 to 2025 and are projected to increase by an additional 4% from 2025 to 2027[260]. - Capacity prices in key markets like PJM reached a record $333 per MW-day in December 2025, while MISO saw an average annualized clearing price of approximately $215 per MW-day, over ten times the previous year's price[260]. - Government policies and incentives significantly impact the economic feasibility of energy transition projects, and any adverse changes could harm the company's operating results[272]. Sustainability and Corporate Responsibility - The company is committed to transparent sustainability disclosures and was one of the first to evaluate the climate impact of its investments, using its proprietary CarbonCount® score[35]. - The company has set a target for net-zero carbon emissions by 2050, with established policies to reduce its environmental impact[71]. - The company reports its corporate emissions under PCAF, a framework for consistent carbon emissions disclosure[79]. - The company is a signatory to the United Nations Global Compact, committing to responsible business practices related to human rights and the environment[70]. Employee Engagement and Corporate Governance - The company emphasizes employee engagement and retention as key to financial success, with a focus on diverse perspectives and fair compensation[59]. - The voluntary employee turnover rate for 2025 was 5%, with an average tenure of full-time employees at approximately 4.5 years[322]. - The company provides competitive benefits and compensation tied to performance, including annual bonuses and equity grants[64]. - The company has a majority vote policy for director elections, ensuring accountability and alignment with stakeholder interests[75]. Risk Management - The company utilizes interest rate derivatives to hedge against risks associated with floating rate borrowings[268]. - The company is exposed to credit risks from various renewable energy projects and has implemented rigorous underwriting processes to minimize potential losses[266]. - The company anticipates that its identified sources of liquidity will be adequate for meeting both short-term and long-term liquidity needs[342].

Management emphasized improving investment returns and funding spreads. Lipson said that for the second year in a row , yield on new investments exceeded 10.5% , while bond spreads continued to narrow. He noted that the company’s senior unsecured term bonds were trading with a yield below 6.25% at the time of the call.Management also pointed to continued pipeline growth, with the pipeline rising from more than $5.5 billion at the end of the first quarter to more than $6.5 billion at year-end 2025. Lipson at ...

HA Sustainable Infrastructure Capital (NYSE:HASI) Q4 2025 Earnings call February 12, 2026 05:00 PM ET Company ParticipantsAaron Chew - SVP of Investor RelationsCharles Melko - CFODavis Sunderland - Senior Research AssociateJeff Lipson - President and CEOMarc Pangburn - Chief Revenue and Strategy OfficerPraneet Satish - Equity Research AssociateSusan Nickey - Chief Client OfficerConference Call ParticipantsBrian Lee - Clean Technology AnalystChris Dendrinos - Director and Senior US Clean Energy AnalystJeff O ...

HA Sustainable Infrastructure Capital (NYSE:HASI) Q4 2025 Earnings call February 12, 2026 05:00 PM ET Company ParticipantsAaron Chew - SVP of Investor RelationsCharles Melko - CFODavis Sunderland - Senior Research AssociateJeff Lipson - President and CEOMarc Pangburn - Chief Revenue and Strategy OfficerPraneet Satish - Equity Research AssociateSusan Nickey - Chief Client OfficerConference Call ParticipantsBrian Lee - Clean Technology AnalystChris Dendrinos - Director and Senior US Clean Energy AnalystJeff O ...

Financial Data and Key Metrics Changes - In 2025, the company reported a record $4.3 billion in new transactions, an increase of 87% compared to 2024, with a growing pipeline exceeding $6.5 billion by year-end [4][5][9] - Adjusted EPS grew by 10.2% in 2025, reaching $2.70 per share, supported by increased investment volumes and profitability [5][16] - Adjusted ROE rose to 13.4%, reflecting a 70 basis point increase from 2024, driven by higher yields and growth in fees from managed assets [17][19] Business Line Data and Key Metrics Changes - The company closed over $3 billion in new investments excluding the $1.2 billion SunZia project, demonstrating strong underlying demand [7][8] - The investment volume retained on the balance sheet increased by approximately 140% year-over-year, totaling $3.6 billion in 2025 [8] - The portfolio yield improved to 8.8%, contributing to the overall earnings power of the managed assets, which grew by 18% to $16.1 billion [18][19] Market Data and Key Metrics Changes - The renewables pipeline is projected to exceed $230 billion, with renewables accounting for 99% of projected capacity additions in 2026 [10] - The demand for power and cost-effectiveness in asset classes have created an attractive investing environment, with PPA rates increasing over 40% in the past three years [9][10] - The company’s grid-connected business is benefiting from significant growth in renewables, particularly solar and storage [10] Company Strategy and Development Direction - The company aims to maintain a payout ratio below 50% by 2028, focusing on capital recycling to enhance growth and profitability [15][81] - The strategy includes expanding equity commitments in the CCH1 vehicle and enhancing capital efficiency through new funding sources [19][22] - The company is investing in talent and technology to support further scale and efficiency, with a focus on diverse asset classes [25] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving profitability objectives, with a three-year guidance extending to 2028, expecting adjusted EPS in the range of $3.50-$3.60 [14][25] - The operating environment remains favorable, with no significant negative or positive trends anticipated for 2026 [31][32] - Management highlighted the resilience of the business model despite challenges such as inflation and supply chain issues, maintaining a consistent growth trajectory [11][12] Other Important Information - The company achieved a record of 1.7 million metric tons in avoided CO emissions from new investments in 2025, contributing to a total of 10 million metric tons avoided to date [24] - The company has made significant investments in its platform, particularly in technology and talent, to position itself for future growth [25] Q&A Session Summary Question: Outlook for 2028 and growth above 10% CAGR - Management indicated that pathways to exceed 10% CAGR include increased volume, better yields, and lower debt costs [28][29] Question: 2026 outlook - Management noted that while they do not provide specific guidance for 2026, they expect meaningful growth based on the current pipeline [31][32] Question: Change in guidance strategy - The switch to nominal EPS guidance allows for more precise adjustments in future quarters, reflecting increased confidence in growth [38][39] Question: Investment opportunities and pipeline context - Management confirmed no structural change in the business, with larger investment opportunities emerging but no specific projects like SunZia currently in the pipeline [41][42] Question: Impact of PPA renegotiations on earnings - Positive renegotiations of PPAs are expected to enhance long-term cash flows and potentially accelerate EPS growth beyond current guidance [71][74]

Earnings Presentation Fourth Quarter and Full Year 2025 Forward Looking Statements Some of the information contained herein are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. When used herein, words such as "believe," "expect," "anticipate," "estimate," "plan," "continue," "intend," "should," "may," "target," or similar expressions, are intended to identify such forward-looking statem ...

HASI Announces Fourth Quarter and Full Year 2025 Results with New Investments up 87% Y/Y to a Record $4.3b, Adjusted ROE up 70 bps to 13.4% and Adjusted EPS up 10% to $2.70 ANNAPOLIS, Md., February 12, 2026 -- (BUSINESS WIRE) -- HA Sustainable Infrastructure Capital, Inc. ("HASI," "we," "our" or the "Company") (NYSE: HASI), a leading investor in sustainable infrastructure assets, today reported results for the fourth quarter and full year of 2025. Key Highlights "Our resilient business achieved extraordinar ...

Core Viewpoint - HA Sustainable Infrastructure Capital, Inc. (NYSE:HASI) is recognized as one of the top financial stocks for long-term investment, with a price target of $39 indicating a potential upside of 13% from current levels [1] Group 1: Joint Venture and Investment - On January 6, HA Sustainable Infrastructure Capital, Inc. and Sunrun announced a joint venture to accelerate the deployment of residential solar and battery systems, aiming to finance over 300 megawatts of capacity and support over 40,000 home power installations in the U.S. [2] - As part of the joint venture, HA Sustainable Infrastructure Capital, Inc. will invest up to $500 million over 18 months, which is designed to monetize a portion of the long-term cash flows from Sunrun's residential energy assets [3] - This investment structure is expected to provide predictable returns for HA Sustainable Infrastructure Capital, Inc. while allowing Sunrun to retain a long-term ownership stake, enhancing overall financial efficiency [3] Group 2: Company Overview and Strategy - HA Sustainable Infrastructure Capital, Inc. focuses on investing in sustainable infrastructure and energy-efficiency markets across the United States, with a diverse portfolio that includes commercial and government receivables, debt securities, equity investments, and real estate [4] - The company invests in various infrastructure assets, including grid-connected solutions, climate solutions, and fuels, transport, and nature [4] - The Chief Revenue and Strategy Officer emphasized the collaboration's role in improving grid reliability and addressing increasing power demand through home-based energy systems [4]

Company Overview - HA Sustainable Infrastructure Capital, Inc. (HASI) focuses on investments in energy efficiency, renewable energy, and sustainable infrastructure markets in the United States [2] - The company operates as a specialized infrastructure financier, earning predictable interest and rental income from long-dated, contracted projects with high-quality counterparties [2] Financial Performance - As of February 5th, HASI's share was trading at $35.15, with trailing and forward P/E ratios of 15.45 and 12.32 respectively [1] - Reported GAAP earnings appear volatile due to the use of Hypothetical Liquidation at Book Value (HLBV) accounting, but underlying cash flows are steady and consistently collected [3] Market Position - HASI occupies a niche between traditional bank lending and private equity, benefiting from reduced competition as banks retreat from complex, long-duration infrastructure financing [4] - Approximately half of HASI's portfolio is concentrated in behind-the-meter assets, such as on-site solar and energy efficiency projects, which are expected to benefit from increasing electricity demand [4] Strategic Initiatives - The transition to a C-Corporation has strengthened HASI's model by enabling retained earnings and reducing reliance on external capital [5] - Current valuation levels suggest that the market underappreciates the durability, growth potential, and improving quality of HASI's earnings, with a ~5% dividend yield [5]