Core Viewpoint - The document provides information regarding the total number of shares and voting rights of Orange, in compliance with French commercial regulations, highlighting the automatic granting of double voting rights for fully paid-up shares held for at least two years [1]. Group 1: Share and Voting Rights Information - As of January 31, 2025, Orange has a total of 2,660,056,599 shares, with 3,835,000 treasury shares without voting rights, resulting in a theoretical number of voting rights of 3,172,669,760 and 3,169,834,760 exercisable voting rights [2]. - The number of treasury shares without voting rights has varied over the months, with the lowest recorded at 1,541,848 on April 30, 2025, and the highest at 3,835,000 on January 31, 2025 [2]. - By November 30, 2025, the total number of shares remains at 2,660,056,599, with 1,456,848 treasury shares without voting rights, leading to a theoretical number of voting rights of 3,180,070,664 and exercisable voting rights of 3,178,613,816 [2].

Core Viewpoint - Ormat Technologies reported strong Q3 2025 earnings, surpassing estimates and raising revenue guidance for 2025, indicating positive momentum despite a slight year-over-year decline in adjusted earnings per share [2][8]. Financial Performance - Adjusted earnings per share for Q3 2025 were 41 cents, exceeding the Zacks Consensus Estimate of 37 cents by 10.8%, but down 2.4% from 42 cents in the same quarter last year [2]. - Total revenues reached $249.7 million, surpassing the Zacks Consensus Estimate of $233 million by 7% and increasing 17.9% year-over-year [3]. - Operating income rose 13.3% year-over-year to $40.4 million, while total operating expenses decreased by 9.2% to $26.4 million [6]. Segment Performance - Electricity segment revenues were $167.1 million, up 1.5% year-over-year, driven by the Blue Mountain acquisition and improved performance at Dixie Valley [4]. - Product segment revenues surged 66.6% to $62.2 million, attributed to the timing of revenue recognition from manufacturing and construction progress [4]. - Energy segment revenues increased significantly by 108.1% to $20.4 million, supported by contributions from the Bottleneck facility, Montague, and Lower Rio [5]. Financial Condition - As of September 30, 2025, Ormat had cash and cash equivalents of $79.6 million, down from $94.4 million as of December 31, 2024 [7]. 2025 Guidance - The company updated its revenue guidance for 2025 to a range of $960-$980 million, compared to the previous range of $935-$975 million, with the Zacks Consensus Estimate at $956.4 million [8]. - Expected revenues for the Electricity segment are now projected between $700-$705 million, Product segment revenues between $190-$200 million, and Energy Storage segment revenues between $70 million and $75 million [9]. Market Reaction - Since the earnings release, there has been a flat trend in estimates revision, with the consensus estimate shifting down by 5.48% [10]. - Ormat Technologies holds a Zacks Rank 3 (Hold), indicating an expectation of an in-line return from the stock in the coming months [12].

ROAD TOWN, British Virgin Islands, Dec. 01, 2025 (GLOBE NEWSWIRE) -- Aura Minerals Inc. (NASDAQ: AUGO and B3: AURA33) (“Aura” or the “Company”) is pleased to announce that Aura, through a wholly owned subsidiary, has completed the previously announced acquisition from AngloGold Ashanti plc (“AngloGold”) of all of the issued and outstanding securities of Mineração Serra Grande S.A. (“MSG”), owner of the Mineração Serra Grande gold mine located in Crixás, in the state of Goiás, Brazil (the “Transaction”). Rod ...

Core Insights - Ormat Technologies, Inc. (NYSE:ORA) is recognized as one of the top sustainability stocks, with Oppenheimer reaffirming its Outperform rating and raising the price target to $125 from $120 following strong Q3 2025 earnings results [1][2] Financial Performance - Ormat reported an EPS of $0.41, exceeding the projected $0.38, resulting in a 6.25% earnings surprise. Revenue reached $249.7 million, surpassing expectations of $234.3 million [2] Growth Outlook - Oppenheimer anticipates that Ormat will navigate short-term challenges in its electricity division, which are primarily due to grid limitations, costing the company around $20 million in fiscal year 2025. For fiscal year 2026, mid-single-digit growth in generation is expected, with further growth anticipated in 2027-2028 as developments progress [3] Strategic Advantages - Ormat's enhanced geothermal system offers expansion flexibility, and recent power purchase agreements with large data center clients are seen as favorable near-term growth drivers for the company [4]

The Tel Aviv Stock Exchange rose today. The Tel Aviv 35 Index rose 0.50% to 3,389.21 points, the Tel Aviv 125 Index rose 0.31% to 3,439.57 points; but the BlueTech Global Index fell 0.29% to 594.04 points. The All Bond corporate bond index rose 0.03% to 418.23 points. Turnover totalled NIS 3.66 billion in equities and NIS 5.81 billion in bonds. On the foreign exchange market, the representative shekel-dollar rate was set 0.402% lower from Monday, at NIS 3.217/$, and the representative shekel-euro rate was ...

Core Insights - The latest investment trends show that top mutual funds are increasingly investing in AI-related stocks, with Nvidia and Palantir joining the ranks of major companies like Alphabet and Apple [8][10]. Investment Highlights - Banco Santander led the list with a significant investment of $16.12 billion, followed by Ormat Technologies at $14.31 billion, AAR Corp at $8.89 billion, and Nextracker at $1.96 billion [2][4][6]. - Ormat Technologies has seen its stock price rise significantly, nearing an all-time high due to strong demand from mutual funds [4]. - AAR Corp is also performing well, with a capital inflow of $8.89 billion, and is currently testing its 50-day moving average [5]. - Nextracker, after a slump post-IPO, has rebounded with a $1.96 billion investment, reaching a record high before recent market pressures [5]. Additional Notable Investments - Other companies that attracted substantial investments include Celestica with $734 million, Seagate Technology with $669 million, GSK with $288 million, and TE Connectivity with $202 million [7]. - Despite lower investment amounts compared to previous months, Nvidia, Palantir, Alphabet, and Apple still made the list of new buys, indicating continued interest in these tech giants [8][10]. - IBM has also emerged as a strong investment choice, with its stock performing well following a positive earnings report [11].

Core Insights - Orange has successfully completed a bond issuance totaling 5 billion euros, indicating strong market confidence in its strategic plan and the potential re-consolidation of MasOrange [2][3] Group 1: Bond Issuance Details - The bond issuance consists of 5 tranches with a total order book exceeding 20 billion euros, showcasing Orange's strong market profile [2] - The proceeds from the bond issuance will be used for general corporate purposes, including refinancing existing debt and potentially acquiring a 50% stake in MasOrange [3] - The characteristics of the bonds issued include: - €750 million maturing in November 2028 with a coupon of 2.5% - €1 billion maturing in November 2031 with a coupon of 3.125% - €1.375 billion maturing in November 2034 with a coupon of 3.5% - €1.375 billion maturing in May 2038 with a coupon of 3.75% - €500 million maturing in November 2045 with a coupon of 4.125% [4][8] Group 2: Company Overview - Orange is a leading telecommunications operator with revenues of 40.3 billion euros in 2024 and a workforce of 124,100 employees globally as of September 30, 2025 [6] - The company serves approximately 310 million customers worldwide, including 270 million mobile customers and 23 million fixed broadband customers [6] - Orange operates in 26 countries and is also a significant provider of IT and telecommunications services to multinational companies under the brand Orange Business [7]

Revenue Sources - In the three and nine months ended September 30, 2025, the Electricity segment generated 70.8% and 71.8% of its revenues from U.S. operations, while 29.2% and 28.2% came from international operations[142] - The Product segment derived 4.9% and 6.4% of its revenues from U.S. operations, with 95.1% and 93.6% from the rest of the world during the same period[142] - The Energy Storage segment reported all its revenues from U.S. operations in the three and nine months ended September 30, 2025[142] - For the nine months ended September 30, 2025, foreign operations accounted for 40.2% of total revenues, compared to 36.4% in 2024[154] Revenue Growth - For the nine months ended September 30, 2025, total revenues increased by 10.0% to $713.5 million compared to $648.9 million in the same period of 2024[152] - Total revenues for the three months ended September 30, 2025, were $249.7 million, an increase of 17.9% from $211.8 million in the same period of 2024[160] - The Product segment saw a revenue increase of 53.6%, reaching $153.6 million for the nine months ended September 30, 2025, up from $100.0 million in 2024[193] - Energy Storage segment revenues increased by 96.5% to $52.6 million for the nine months ended September 30, 2025, compared to $26.8 million in 2024[194] Segment Performance - Electricity segment revenues for the three months ended September 30, 2025, were $167.1 million, a 1.5% increase from $164.6 million in the same period of 2024[152] - Energy Storage segment revenues increased by 108.1% to $20.4 million for the three months ended September 30, 2025, compared to $9.8 million in the same period of 2024[152] - The Product segment saw a significant increase in foreign revenues, reaching $59.2 million for the three months ended September 30, 2025, a 73.4% increase from $34.2 million in 2024[160] Operational Developments - The company commenced commercial operations of a 60MW/120MWh energy storage facility in Texas in September 2025, under a seven-year tolling agreement[142] - A strategic commercial agreement was signed with Sage Geosystems Inc. in August 2025 to pilot advanced pressure geothermal technology, expected to enhance operational efficiency[142] - The company signed two Geothermal Exploration and Energy Conversion Agreements with PLN in Indonesia, each covering up to 20 MW of geothermal capacity[142] - A 25-year extension to the existing power purchase agreement with SCPPA for the 52MW Heber 1 geothermal facility was announced, effective February 2026[142] Financial Performance - The gross profit for the Electricity segment decreased to $42.5 million for the three months ended September 30, 2025, down from $49.7 million in 2024[160] - Operating income for the three months ended September 30, 2025, was $40.4 million, compared to $35.7 million in the same period of 2024[160] - Net income attributable to the Company's stockholders for the three months ended September 30, 2025, was $24.1 million, an increase from $22.1 million in 2024[160] - Net income attributable to the Company's stockholders for the nine months ended September 30, 2025, was $92.5 million, an increase of 11.6% from $82.9 million for the same period in 2024[215] Cost and Expenses - Total cost of revenues increased by 21.4% to $185.7 million, with the Electricity segment's cost rising by 8.4% to $124.6 million[169] - General and administrative expenses decreased to $20.2 million, constituting 8.1% of total revenues, down from 10.8% in the prior year[176] - Research and development expenses for the three months ended September 30, 2025, were $1.3 million, a decrease from $1.8 million in 2024[160] Cash Flow and Capital Expenditures - Net cash provided by operating activities for the nine months ended September 30, 2025, was $252.3 million, compared to $230.1 million in 2024[236] - The Company entered into new loan agreements totaling $337.6 million during the nine months ended September 30, 2025[221] - Estimated capital needs for the remainder of 2025 include $140 million for capital expenditures and $60.6 million for long-term debt repayment[218] - The company has budgeted approximately $558.0 million in capital expenditures for new projects and enhancements, with $266.0 million already invested as of September 30, 2025[252] Debt and Financial Obligations - The outstanding carrying value of long-term debt owed by SOL and Ijen was $645.3 million and $105.0 million, respectively, as of September 30, 2025[243] - Future minimum cash payments under long-term obligations total $2,779.6 million as of September 30, 2025[228] - The Company has a 12-month debt to Adjusted EBITDA ratio of 4.42 as of September 30, 2025[224] Risk Factors - The company is exposed to foreign currency exchange risk, particularly with fluctuations in the U.S. dollar against the New Israeli Shekel, Euro, and New Zealand Dollar[260] - Inflation has increased overall operating costs from early 2022 until 2024, impacting profit margins, although some contracts include provisions to mitigate inflation risk[268] - The company has a concentration of credit risk with major customers, including Sierra Pacific Power Company and Nevada Power Company, which accounted for 12.1% and 15.1% of total revenues for the nine months ended September 30, 2025, respectively[272]

Core Points - The article discusses the total number of shares and voting rights of Orange, in compliance with French commercial regulations [1] - A double voting right is automatically granted to fully paid-up shares held in registered form for at least two years, effective from April 3, 2016 [1] Summary by Category Share Information - As of January 31, 2025, Orange has a total of 2,660,056,599 shares, with 3,835,000 treasury shares without voting rights, resulting in 3,172,669,760 theoretical voting rights and 3,169,834,760 exercisable voting rights [2] - The number of treasury shares without voting rights has varied monthly, with the lowest recorded at 1,541,848 on April 30, 2025, and the highest at 3,835,000 on January 31, 2025 [2] - By October 31, 2025, the total number of shares remains the same at 2,660,056,599, with 1,506,848 treasury shares without voting rights, leading to 3,180,132,248 theoretical voting rights and 3,178,625,400 exercisable voting rights [2] Voting Rights - The voting rights are calculated based on all shares to which voting rights are attached, including those without voting rights [2] - The number of voting rights exercisable has shown slight fluctuations over the months, with a peak of 3,178,996,038 on June 30, 2025, and a decrease to 3,178,625,400 by October 31, 2025 [2]

Core Insights - Aura Minerals Inc. reported record production and financial results for Q3 2025, achieving 74,227 gold equivalent ounces (GEO) and an Adjusted EBITDA of US$152 million, driven by strong operational performance and higher gold prices [2][3][4]. Financial Performance - Total production in Q3 2025 was 74,227 GEO, a 16% increase from Q2 2025 and a 9% increase from Q3 2024. For the first nine months of 2025, production reached 198,346 GEO, consistent with the same period in 2024 [3][4][11]. - Net revenue for Q3 2025 was US$247.8 million, a 59% increase year-over-year and a 30% increase quarter-over-quarter. For 9M 2025, net revenue totaled US$600.1 million, up 42% from 9M 2024 [15][17][21]. - Adjusted EBITDA for Q3 2025 was US$152.1 million, marking a 95% increase compared to Q3 2024 and a 43% increase from Q2 2025. The Adjusted EBITDA margin improved to 61% [28][30][29]. Production and Sales - The average realized gold price in Q3 2025 was US$3,385/oz, a 40% increase from Q3 2024. Copper prices also rose, averaging US$4.74/lb, a 13% increase year-over-year [16][17]. - The Borborema mine commenced commercial production in September 2025, contributing 10,219 GEO in Q3 2025. This mine is expected to be a key asset for the company [8][12]. Cost Management - Cash costs for Q3 2025 were US$1,110/GEO, a 3% decrease from Q2 2025, while All-in Sustaining Costs (AISC) were US$1,396/GEO, down 4% from the previous quarter [18][20]. - The company maintained disciplined cost management, with gross profit reaching US$149.6 million in Q3 2025, resulting in a gross margin of 60% [21][22]. Debt and Capital Expenditure - Net debt decreased significantly to US$63.8 million by Q3 2025, a 77% reduction from Q2 2025, supported by strong cash flows and reduced capital expenditures [6][19]. - Total capital expenditures for Q3 2025 were US$31.6 million, a 37% decrease from Q2 2025, primarily due to the completion of the Borborema construction [19][6]. Other Developments - Aura announced an incentive program for the conversion of Brazilian Depositary Receipts (BDRs) into common shares, enhancing stock liquidity [9]. - The company delisted from the Toronto Stock Exchange to consolidate trading in the U.S. equity market, effective September 25, 2025 [7].