Core Insights - Soitec has reported on the implementation of its liquidity contract with BNP Paribas, detailing the resources on the liquidity account as of December 31, 2025, which included €8,000,000 at the start of trading on July 3, 2023 [1]. Financial Performance - For the second semester of 2025, Soitec bought a total of 142,784 shares for €5,270,345 across 1,399 transactions, while selling 129,708 shares for €4,807,774 in 1,178 transactions [5][10]. - In the first semester of 2025, the company purchased 231,383 shares for €14,129,177 through 2,855 transactions and sold 208,969 shares for €12,889,302 in 2,792 transactions [5]. Upcoming Events - Soitec plans to publish its Q3 FY'26 revenue on February 3, 2026, and its FY'26 annual results on May 27, 2026. The Annual General Meeting is scheduled for July 29, 2026 [2]. Company Overview - Soitec is a global leader in innovative semiconductor materials, generating sales of €0.9 billion in the fiscal year 2024-2025. The company serves key markets including Mobile Communications, Automotive and Industrial, and Edge and Cloud AI [2]. - The company employs over 2,200 individuals from 50 different nationalities and holds nearly 4,300 patents [2].

Core Viewpoint - Soitec has appointed Laurent Rémont as Chief Executive Officer, effective April 1, 2026, to lead the company's development and capitalize on semiconductor market opportunities [2][5][6]. Group 1: Appointment Details - Laurent Rémont, currently Senior Vice President at Infineon Technologies, will join Soitec as a special advisor on March 16, 2026, before officially taking over as CEO [3][7]. - His appointment follows a rigorous selection process and is subject to shareholder approval at Soitec's Annual General Meeting in July 2026 [8]. Group 2: Background of Laurent Rémont - Rémont has extensive experience in the semiconductor industry, having held various positions at Infineon Technologies, Kontron AG, and STMicroelectronics, focusing on mobile communications, automotive, and artificial intelligence [4][9][10]. - He holds an engineering degree from Grenoble INP – ENSERG and has a proven track record in managing technological and industrial activities [11]. Group 3: Strategic Intent - The Board of Directors believes Rémont's expertise aligns with Soitec's strategic priorities, particularly in enhancing its product and technology portfolio around artificial intelligence [5][6]. - The company aims to build on its recent foundations to seize new growth opportunities in the semiconductor market [5]. Group 4: Company Overview - Soitec is a leader in innovative semiconductor materials, generating sales of €0.9 billion in the fiscal year 2024-2025 and employing over 2,200 people across various global locations [12]. - The company serves key markets including Mobile Communications, Automotive, and Edge and Cloud AI, holding nearly 4,300 patents [12].

Company Overview - Soitec is a world leader in innovative semiconductor materials, with over 30 years of experience in developing cutting-edge products that deliver technological performance and energy efficiency [4] - The company generated sales of €0.9 billion in the fiscal year 2024-2025 [4] - Soitec serves three main strategic markets: Mobile Communications, Automotive and Industrial, and Edge and Cloud AI [4] - The company employs over 2,200 individuals from 50 different nationalities across its sites in Europe, the United States, and Asia [4] - Soitec holds nearly 4,300 registered patents [4] Share Capital and Voting Rights - As of December 31, 2025, Soitec has a total of 35,772,015 shares forming its share capital [1] - The total number of theoretical (gross) voting rights is 45,785,563, while the total number of exercisable (net) voting rights is 45,695,615 [1] - The calculation of theoretical voting rights includes all shares with single or double voting rights, as well as shares without voting rights [2] - The calculation of exercisable voting rights accounts for shares entitled to double voting rights and deducts shares without voting rights [3]

Core Insights - Sirios Resources Inc. has reported significant assay results from its 2025 summer diamond drilling campaign at the Aquilon gold project, indicating a high-potential gold halo in the western sector of the project [1][3]. Drilling Program Details - A total of 13 drill holes were completed, amounting to 5,420 metres, in a previously underexplored area west of historical gold showings [2]. - The drilling results outline a new mineralization context characterized by high-grade gold intervals surrounded by a lower-grade halo [10]. Gold Halo Discovery - A strongly anomalous gold halo has been discovered, extending over more than one kilometre in length and several hundred metres in width, remaining open in all directions [3]. - The halo is defined by 538 core samples from six drill holes, with local gold grades reaching up to 10.3 g/t Au and a weighted average grade of 0.26 g/t Au [3]. Key Drill Intervals - Notable drill intervals include: - Hole AQ25-113: 2.78 g/t Au over 1.2 m - Hole AQ25-123: 2.09 g/t Au over 1.0 m - Hole AQ25-119: 2.55 g/t Au over 4.8 m, including 10.3 g/t Au over 1.0 m - Hole AQ25-118: 5.51 g/t Au over 1.0 m [5][6]. Future Exploration Plans - An additional core sampling program of 1,496 metres has been completed to infill unsampled intervals within the gold corridor, with forthcoming assay results expected to refine the corridor's geometry and average grades [11]. - The western sector of Aquilon has been prioritized following the identification of gold-in-soil anomalies during previous sampling campaigns [12]. Project Background - The Aquilon gold project consists of 140 mineral claims covering an area of 68 km², located in Eeyou Istchee James Bay, Quebec [14]. - The project has previously reported some of the highest gold grades in Quebec, including notable drill intercepts [14]. Funding and Partnerships - The drilling program is funded by Sumitomo Metal Mining Canada, which will gain a 51% interest in the Aquilon project upon exceeding a commitment of $4.8 million [13].

Core Viewpoint - Soitec, a leader in innovative semiconductor materials, reported a total of 35,772,015 ordinary shares as of November 30, 2025, with a total of 45,785,839 theoretical voting rights and 45,698,292 exercisable voting rights [1][2][3]. Company Overview - Soitec has been developing advanced semiconductor materials for over 30 years, focusing on technological performance and energy efficiency [4]. - The company generated sales of €0.9 billion in the fiscal year 2024-2025 and operates in three main strategic markets: Mobile Communications, Automotive and Industrial, and Edge and Cloud AI [4]. - Soitec employs over 2,200 individuals from 50 different nationalities across its sites in Europe, the United States, and Asia, and holds nearly 4,300 registered patents [4].

Core Insights - Soitec has made its 2025-2026 half-year financial report available to the public and filed it with the French Financial Markets Authority [1] - The report covers the period ended on September 30, 2025, and includes condensed interim consolidated financial statements and a half-year activity report [5] Company Overview - Soitec is a global leader in innovative semiconductor materials, with over 30 years of experience in developing products that enhance technological performance and energy efficiency [3] - The company generated sales of €0.9 billion in the fiscal year 2024-2025 and serves three main strategic markets: Mobile Communications, Automotive and Industrial, and Edge and Cloud AI [3] - Soitec employs over 2,200 individuals from 50 different nationalities and holds nearly 4,300 registered patents [3] Upcoming Financial Information - The revenue for Q3'26 is scheduled to be published on February 4, 2026, after market close [2]

Core Insights - Soitec reported a consolidated revenue of €139 million for Q2'26, reflecting a 36% decline year-on-year, but a 47% increase sequentially [7][20][42] - The company is experiencing strong momentum in the Edge & Cloud AI segment, while facing challenges in Mobile Communications and Automotive markets [3][4][15] Financial Performance - Q2'26 revenue was down 36% compared to Q2'25, with Mobile Communications revenue at €76 million (down 39%), Automotive & Industrial at €11 million (down 68%), and Edge & Cloud AI at €52 million (down 14%) [6][8][11] - H1'26 revenue totaled €231 million, a decrease of 32% year-on-year, with Mobile Communications down 31%, Automotive & Industrial down 74%, and Edge & Cloud AI down 10% [20][21][22] - EBITDA for H1'26 was €79 million, down 30% year-on-year, with an EBITDA margin of 34.1% [24][27] Market Dynamics - The Mobile Communications segment is impacted by high RF-SOI inventories, while the Automotive & Industrial segment is affected by excess inventories and weak market conditions [8][11][12] - The Edge & Cloud AI division is benefiting from increased demand for low-power computing devices and energy-efficient data centers, with revenue growth supported by strong demand for FD-SOI and Photonics-SOI substrates [15][16][18] Strategic Initiatives - Soitec is focusing on improving cash generation and maintaining financial discipline amid inventory corrections [4][42] - The company is investing in strategic R&D to prepare for future growth and expansion into new markets [4][42] - A new organizational structure has been implemented to enhance product portfolio expansion and customer alignment [53] Outlook - Q3'26 revenue is expected to grow mid-to-high single-digit percentage sequentially, with continued challenges in Mobile Communications and a solid outlook for Edge & Cloud AI [42][43] - The company anticipates capital expenditure for FY26 to be around €140 million, down from previous guidance [44]

Revenue Performance - Solaris Power Solutions segment generated revenues of $104.9 million and $229.9 million for the three and nine months ended September 30, 2025, respectively, compared to $4.7 million in the same periods of 2024, reflecting a significant increase due to expanded capacity and operations [202]. - Solaris Logistics Solutions revenues decreased by $8.4 million, or 12%, to $61.9 million in the three months ended September 30, 2025, primarily due to a reduction in fully utilized systems from 91 to 84 [203]. - Total revenues for the Company increased by $91.8 million, or 122%, to $166.8 million in the three months ended September 30, 2025, compared to $75.0 million in the same period of 2024 [202]. Cost and Expenses - The cost of revenue for Solaris Power Solutions was $44.4 million and $89.2 million for the three and nine months ended September 30, 2025, respectively, compared to $1.3 million in the same periods of 2024 [207]. - Cost of revenue as a percentage of revenue for Solaris Power Solutions was 42% and 39% for the three and nine months ended September 30, 2025, respectively, compared to 27% in the same periods of 2024 [208]. - Selling, general and administrative expenses increased by $20.7 million, or 83%, to $45.7 million for the nine months ended September 30, 2025, compared to $25.0 million in the same period of 2024 [214]. - Interest expense rose by $15.3 million to $19.7 million for the nine months ended September 30, 2025, compared to $4.4 million in the same period of 2024, primarily due to higher borrowings and interest rates [218]. Cash Flow and Liquidity - Net cash provided by operating activities increased to $113.2 million for the nine months ended September 30, 2025, up from $46.3 million in the same period of 2024, representing an increase of $66.9 million [237]. - Net cash used in investing activities was $422.1 million for the nine months ended September 30, 2025, an increase of $232.1 million from $189.9 million in the same period of 2024 [238]. - As of September 30, 2025, cash and cash equivalents totaled $106.7 million, providing adequate liquidity for the next 12 months [232]. Debt and Financing - The company had outstanding principal of $320.9 million under its Term Loan as of September 30, 2025, which was fully repaid on October 8, 2025 [222]. - Short-term purchase commitments as of September 30, 2025, totaled $209.8 million, with long-term commitments extending beyond one year totaling $520.8 million [229]. - The company issued $155.0 million aggregate principal amount of the 2030 Notes on May 2, 2025, and $747.5 million aggregate principal amount of the 2031 Notes in October 2025 [224][225]. Taxation - The effective combined United States federal and state income tax rates were 18.4% for the nine months ended September 30, 2025, compared to 19.7% for the same period in 2024 [220]. Operational Developments - The Company expects total capital expenditures of approximately $405 million for 2025, with about $190 million allocated to Stateline, primarily to support Solaris Power Solutions growth [196]. - Solaris Power Solutions is projected to reach a total power generation capacity of approximately 2,200 MW by early 2028, following an order for an additional 500 MW of equipment [195]. - The Company acquired HVMVLV, LLC on August 15, 2025, enhancing its capabilities in power control and distribution solutions [187]. - Depreciation and amortization increased by 103% to $22.4 million in the three months ended September 30, 2025, driven by the addition of depreciable assets in the Solaris Power Solutions segment [212]. - The fully utilized system count for Solaris Logistics Solutions decreased by 11% to 84 systems in the three months ended September 30, 2025, reflecting lower oilfield activity [200]. Share Repurchase - The company has not repurchased any shares under the share repurchase program during the three months ended September 30, 2025, with $15.4 million remaining under the authorized limit [234].

Group 1 - Soitec is a global leader in innovative semiconductor materials, focusing on technological performance and energy efficiency for over 30 years [3] - The company generated sales of €0.9 billion in the fiscal year 2024-2025 [3] - Soitec serves three main strategic markets: Mobile Communications, Automotive and Industrial, and Edge and Cloud AI [3] Group 2 - As of October 31, 2025, Soitec has a total of 35,772,015 ordinary shares with a par value of €2.00 each [5] - The total number of theoretical (gross) voting rights is 45,785,569, while the total number of exercisable (net) voting rights is 45,701,159 [1][5] - Soitec employs over 2,200 individuals from 50 different nationalities across its sites in Europe, the United States, and Asia [3]

Financial Performance - Third quarter 2025 revenue reached $167 million, a 12% increase sequentially from the second quarter 2025[4] - Net income for the third quarter 2025 was $25 million, translating to $0.31 per diluted Class A common share[4] - Total Adjusted EBITDA for the third quarter 2025 was $68 million, also a 12% sequential increase from the second quarter 2025[4] - Total revenues for the three months ended September 30, 2025, were $166,843,000, a significant increase from $75,018,000 in the same period of 2024, representing a growth of 122%[22] - Adjusted EBITDA for the three months ended September 30, 2025, was $67,961,000, compared to $22,231,000 for the same period in 2024, reflecting an increase of 205%[30] - The company reported a net income of $24,814,000 for the three months ended September 30, 2025, compared to a net loss of $2,210,000 in the same period of 2024[30] - Net income attributable to Solaris for the three months ended September 30, 2025, was $14.55 million, compared to a net loss of $0.968 million for the same period in 2024[38] - Adjusted pro forma net income for the nine months ended September 30, 2025, was $60.625 million, significantly up from $17.381 million in 2024, representing a year-over-year increase of approximately 248%[38] Segment Performance - The third quarter 2025 Segment Adjusted EBITDA for Power Solutions was $58 million, a 27% increase from the second quarter 2025[8] - Solaris Power Solutions segment generated revenues of $104,939,000 for the three months ended September 30, 2025, compared to $4,739,000 in the same period of 2024, marking a growth of 2,115%[22] - Solaris Logistics Solutions segment reported revenues of $61,904,000 for the three months ended September 30, 2025, a decrease from $70,279,000 in the same period of 2024, representing a decline of 6%[22] Guidance and Future Plans - The company increased its fourth quarter 2025 Total Adjusted EBITDA guidance to $65-70 million, up from the previous guidance of $58-63 million[4] - Solaris ordered approximately 500 MW of additional generation capacity, expecting consolidated pro forma capacity to reach about 2,200 MW by early 2028[4] Capital and Debt Management - In October 2025, Solaris issued approximately $748 million of 0.25% senior convertible notes due 2031 to enhance financial flexibility and fund growth[4] - Total consolidated debt and convertible notes attributable to Solaris increased to $532,274,000 as of September 30, 2025, compared to $315,730,000 as of December 31, 2024[33] Shareholder Returns - A fourth quarter 2025 dividend of $0.12 per share was approved, marking Solaris' 29th consecutive dividend[4] Capital Expenditures - Capital expenditures for Solaris Power Solutions were $61,205,000 for the three months ended September 30, 2025, compared to $55,957,000 in the same period of 2024, an increase of 9%[22] - The company’s total capital expenditures for the nine months ended September 30, 2025, were $392,256,000, compared to $61,768,000 for the same period in 2024, indicating a substantial increase[22] Tax and Other Financial Items - Incremental income tax expense for the three months ended September 30, 2025, was $(5.646) million, compared to $(1.102) million in the same period of 2024[38] - The company recognized a change in tax receivable agreement liability of $3.024 million for the nine months ended September 30, 2025[38] Share Statistics - Adjusted pro forma earnings per share (diluted) for the three months ended September 30, 2025, was $0.32, compared to $0.08 in the same period of 2024, reflecting a 300% increase[38] - The diluted weighted average shares of Class A common stock outstanding increased to 43.77 million for the three months ended September 30, 2025, from 28.38 million in the same period of 2024[38] - The total number of potentially dilutive shares increased to 30.831 million for the three months ended September 30, 2025, compared to 19.903 million in the same period of 2024[38]