As filed with the Securities and Exchange Commission on April 16, 2025 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 FORM 20-F ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 Commission file number: 001-14668 COMPANHIA PARANAENSE DE ENERGIA – COPEL (Exact Name of Registrant as Specified in its Charter) Energy Company of Paraná The Federative Republic of Brazil (Translation of Registrant's Name into Engli ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark one) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended January 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____________ to ______________ Commission File Number: 0-15535 LAKELAND INDUSTRIES, INC. (Exact Name of Registrant as Specified in its Charter) Delaware 13-3115216 ...

Exhibit 99.1 La Rosa Holdings Corp. Reports 119% Year-Over-Year Increase in Revenue to $69.4 Million for Fiscal 2024; Surpassed Initial Revenue Guidance by Approximately $4.4 Million Revenue for the Fourth Quarter of 2024 Increased 55% Year-Over-Year to $17.7 Million Gross Profit Increased 110% Year-Over-Year to $6.0 Million in 2024 Celebration, FL – April 16, 2025 – La Rosa Holdings Corp. (NASDAQ: LRHC) ("La Rosa" or the "Company"), a real estate and PropTech company, today provided a business update and r ...

Liberty Energy Inc. Announces First Quarter 2025 Financial and Operational Results April 16, 2025 Liberty Energy Inc. (NYSE: LBRT; "Liberty" or the "Company") announced today first quarter 2025 financial and operational results. Summary Results and Highlights "Liberty delivered a solid first quarter, with revenue of $977 million and Adjusted EBITDA of $168 million, and distributed $37 million to shareholders through opportunistic share repurchases and dividends. We saw strong sequential improvement in utili ...

Financial Performance - Net income for Q1 2025 was $115.2 million, or $0.58 diluted earnings per share, marking a record for the company[6]. - Total revenue (net) for Q1 2025 was $260.1 million, compared to $258.4 million in Q4 2024[2]. - Non-interest income for Q1 2025 was $45.4 million, with significant contributions from service charges and fees[9]. - Non-interest expense for Q1 2025 was $112.9 million, with salaries and employee benefits accounting for $61.9 million[10]. - The efficiency ratio for Q1 2025 was 42.22%, indicating operational efficiency[10]. - Net interest income for the quarter was $214,656 thousand, compared to $204,590 thousand in the same quarter last year, marking a 4.9% increase[48]. - Non-interest income increased to $45,426 thousand for the quarter, up from $41,799 thousand in the same quarter last year, representing an 8.5% growth[48]. - Pre-tax net income for the quarter was $147,154 thousand, an increase from $129,454 thousand in the same quarter last year, showing a growth of 13.7%[48]. Asset and Loan Growth - Total loans receivable reached a record $14.95 billion at March 31, 2025, up from $14.76 billion at December 31, 2024[12]. - The company experienced $291.5 million in organic loan growth during Q1 2025[13]. - Total loans receivable increased to $14,952,116 thousand from $14,764,500 thousand in the previous quarter, representing a growth of 1.27%[40]. - Loans receivable net rose to $14,672,172 thousand, compared to $14,488,620 thousand in the previous quarter, reflecting an increase of 1.3%[32]. Credit Quality - Non-performing loans to total loans decreased to 0.60% at March 31, 2025, down from 0.67% at December 31, 2024[14]. - As of March 31, 2025, total non-performing loans amounted to $89.647 million, a decrease from $98.887 million on December 31, 2024, representing a reduction of approximately 9.1%[16]. - Total non-performing assets were $129.390 million as of March 31, 2025, down from $142.357 million at December 31, 2024, reflecting a decrease of approximately 9.1%[16]. - The company reported a total credit loss expense of $0 for the current quarter, compared to $16,700,000 in the previous quarter, reflecting improved credit quality[34]. - Provision for credit losses on loans was $0 for the current quarter, compared to $16,700,000 in the previous quarter, indicating a significant reduction in credit loss provisions[34]. Equity and Capital - Stockholders' equity increased to $4.04 billion at March 31, 2025, up by approximately $81.5 million from December 31, 2024, primarily due to a $76.5 million increase in retained earnings[17]. - Book value per common share reached $20.40 at March 31, 2025, compared to $19.92 at December 31, 2024, marking a record high for the company[17]. - Tangible book value per common share increased to $13.15 at March 31, 2025, from $12.68 at December 31, 2024, also a record for the company[17]. - The company reported a total of $3,977,671,000 in shareholders' equity as of March 31, 2025, compared to $3,783,652,000 a year earlier, indicating a solid capital position[44]. Deposits and Liabilities - Total deposits increased to $17.54 billion at March 31, 2025, compared to $17.15 billion at December 31, 2024[12]. - Total liabilities rose to $18,949,648 thousand from $18,529,723 thousand, an increase of 2.3%[32]. - The company experienced a decrease in total interest-bearing deposits to $13,204,191,000 in Q1 2025 from $12,724,103,000 in Q1 2024, indicating a shift in funding sources[44]. Operational Efficiency - The company maintained a strong net interest margin, with net interest income of $214,656,000 against total interest income of $312,542,000, resulting in a margin of approximately 68.6%[34]. - The efficiency ratio improved to 42.22% for the quarter ended March 31, 2025, compared to 44.22% in the same quarter last year, indicating enhanced operational efficiency[38]. - Return on average assets (ROA) rose to 2.07% for the quarter, up from 1.78% in the same quarter last year, indicating stronger asset utilization[36]. - Return on average common equity (ROE) improved to 11.75% for the quarter, compared to 10.64% in the same quarter last year, reflecting better profitability[36]. Future Outlook - The company plans to conduct a conference call on April 17, 2025, to discuss these financial results and future outlook[21].

Financial Performance - Total revenue for Q1 2025 was $209.6 million, an increase of 7.2% compared to $195.1 million in Q1 2024[5] - Net income for Q1 2025 was $32.4 million, down from $48.3 million in Q4 2024 and $38.9 million in Q1 2024[6] - Diluted earnings per share for Q1 2025 were $0.26, compared to $0.38 in Q4 2024 and $0.31 in Q1 2024[6] - Noninterest income for Q1 2025 was $46.2 million, up 6% from $43.6 million in Q4 2024[14] - Total interest income for Q1 2025 was $307,837,000, a decrease of 5.5% from $325,982,000 in Q4 2024[39] - Net interest income after provision for credit losses was $136,625,000, down from $151,610,000 in the previous quarter, reflecting a decrease of 9.9%[39] - Pre-Provision Net Revenue (PPNR) for Q1 2025 was $64.997 million, down from $67.383 million in Q4 2024[53] - Adjusted Pre-Provision Net Revenue for Q1 2025 was $65.991 million, compared to $69.164 million in Q4 2024[53] - Total adjusted earnings available to common stockholders for Q1 2025 were $33.122 million, compared to $49.634 million in Q4 2024[52] - Net income for 2025 was $32,388 thousand, compared to $152,693 thousand in 2024, reflecting a decrease of 78.8% year-over-year[54] - Adjusted earnings (non-GAAP) for 2025 were $33,122 thousand, a decline from $177,887 thousand in 2024, representing a 81.3% decrease[54] Asset and Liability Management - Total assets decreased to $26.79 billion as of March 31, 2025, from $27.27 billion at the end of 2024, representing a decline of approximately 1.76%[38] - Total liabilities decreased to $23.26 billion, a decrease from $23.93 billion, representing a decline of approximately 2.79%[38] - Total deposits were $21,685 million in Q1 2025, a decrease from $22,353 million in Q1 2024[5] - Total deposits decreased to $21.68 billion from $22.35 billion, a decline of approximately 3.01%[38] - The company reported a total liabilities figure of $23.26 billion, a decrease from $23.93 billion, representing a decline of approximately 2.79%[38] Credit Quality - Provision for credit losses on loans was $26.8 million, with $15.6 million attributed to two specific credit relationships[5][9] - The nonperforming loan ratio increased to 0.89% in Q1 2025, compared to 0.63% in Q1 2024[5] - Net charge-offs as a percentage of average loans were 23 basis points in Q1 2025, down from 27 basis points in Q4 2024, with total nonperforming loans at $152.3 million[22] - Nonperforming loans totaled $152,391,000, up from $110,757,000 in the previous quarter, indicating a rise in credit risk[44] - The ratio of allowance for credit losses to nonperforming loans decreased to 165% from 212% in the previous quarter, suggesting a tightening of coverage[44] - The allowance for credit losses on loans increased to $252.17 million from $227.37 million, indicating a rise of about 10.89%[38] Operational Efficiency - The efficiency ratio for Q1 2025 was 66.94%, compared to 65.66% in Q4 2024, indicating a slight decline in operational efficiency[17] - Total noninterest expense for Q1 2025 was $144.6 million, up from $141.1 million in Q4 2024 and $139.9 million in Q1 2024, with adjusted noninterest expense at $143.6 million[16] - Total noninterest expense increased to $144,580,000 in Q1 2025, up from $141,117,000 in Q4 2024, marking a rise of 3.5%[39] - Adjusted efficiency ratio (non-GAAP) improved to 64.75% in 2025 from 64.56% in 2024, indicating a marginal improvement of 0.3%[55] Capital Position - Total stockholders' equity at the end of Q1 2025 was $3.5 billion, up from $3.4 billion in Q1 2024, with a book value per share of $28.04[26] - The common equity Tier 1 ratio (CET1) was 12.21% at the end of Q1 2025, slightly down from 12.38% in Q4 2024[40] - The equity to assets ratio improved to 13.18% in Q1 2025, compared to 13.13% in Q4 2024[40] - Average common stockholders' equity increased to $3,564,469 thousand in 2025 from $3,486,822 thousand in 2024, an increase of 2.2%[54] Future Outlook - Forward-looking statements indicate expectations for future growth and strategies, including digital banking initiatives and acquisition strategies[36] - The company's management emphasizes the importance of non-GAAP financial measures for assessing ongoing operations, excluding impacts from mergers and tax effects[35]

Customer Growth and Market Expansion - Approximately 80-90% of new customers were acquired organically each year since inception, primarily through word-of-mouth referrals [204]. - Nu Mexico doubled its customer base to over 10 million in 2024, with a 14 percentage point increase in brand awareness [226]. - The launch of the savings account in Colombia led to a growth from 1 million to 2 million customers in less than 5 months, making it the 4th largest savings account provider in the country [235]. - Nubank expanded its customer base in Colombia from approximately 800,000 in December 2023 to over 1.2 million in December 2024 [253]. - The number of unique customers with accounts in Brazil reached over 199 million as of December 31, 2024, a 2.9% increase from 194 million in 2023, with 47% having an active account [285]. Financial Performance and Revenue - Nubank's revenue for the year ended December 31, 2024, was US$8,409.9 million in Brazil, compared to US$523.1 million in Mexico and US$111.8 million in Colombia, showing significant growth from the previous year [297]. - Customer deposits in Brazil totaled US$387 billion as of December 31, 2024, reflecting a 12% FX-neutral increase from US$374 billion in 2023 [286]. - The average outstanding loans to customers in Brazil reached US$691 billion, with credit cards accounting for 15% of this total [259]. - Nubank's payroll loans in Brazil reached US$122 billion, making it the second largest loan product in terms of credit portfolio [260]. - Nubank's personal unsecured loans achieved a 24% market share in Brazil, with new loan originations growing 32% FX-neutral over 2023 [261]. Market Share and Transaction Volumes - Total Pix transaction volumes reached US$4.9 trillion in 2024, a 54% FX-neutral increase over 2023, with the company holding close to 20% market share in transfer originations [250]. - Nubank's market share in total card transaction volumes in Brazil reached 15% in 2024 [251]. - In Mexico, Nubank grew its credit card customer base to 5.6 million in 2024, a 70% increase from 2023, with 50% of these customers being first-time credit card users [252]. - Nubank's market share in Mexico surpassed 5% in terms of purchase volume according to Banxico statistics [252]. Marketing and Brand Affinity - The company's blog attracted nearly 47 million unique visitors in 2024, covering over 435,000 keywords related to financial education [205]. - The marketing strategy in Brazil resulted in a 10% increase in brand affinity among mass market customers and a 22% increase in client preference compared to December 2023 [212]. - The Ultraviolet brand targeting high-income customers saw an 11 percentage point increase in brand affinity year-over-year [218]. - The influencer program in Brazil generated 156 million impressions and 1.8 million total engagements in 2024 [224]. Regulatory Environment and Compliance - The regulatory environment in Brazil imposes extensive requirements on payment institutions, financial institutions, and securities brokers, ensuring compliance with risk management and anti-money laundering regulations [310]. - Payment institutions in Brazil must segregate prepaid payment account funds from their own assets, holding them in specified instruments to protect against bankruptcy [316]. - The Central Bank of Brazil oversees the activities of financial institutions and regulates the structure and operation of financial markets [349]. - The Anti-Money Laundering Law plays a significant role in regulating banking and payment activities, imposing penalties for illicit activities [420]. Product Development and Innovation - The company launched more than 17 product features in Mexico, enhancing its portfolio value proposition [232]. - Nubank's active insurance policies exceeded two million by December 2024, achieving an annual growth rate of 60% [294]. - The Brazilian e-commerce market reached a gross merchandise volume of almost US$38 billion in 2024, indicating a robust growth environment for Nubank's marketplace initiatives [295]. Risk Management and Capital Requirements - The prudential conglomerate led by Nu Pagamentos is subject to a minimum regulatory capital requirement of US$1.9 billion (R$11.7 billion) as of December 31, 2024 [386]. - The new prudential framework mandates that financial institutions maintain capital ratios based on Total Capital relative to risk-weighted assets, aligning with Basel III standards [379]. - Minimum paid-in capital requirements for payment institutions range from R$1.0 million to R$3.0 million depending on the type of activity [374]. - The transition period for the new provisioning model for expected credit loss will span from 2025 to 2028, allowing for phased incorporation of regulatory capital impacts [373].

Stock Transaction and Ownership Changes - The Company completed a stock transaction on April 15, 2025, selling approximately 73.1 million shares at a price of $0.42 per share, totaling approximately $30.7 million[6][12]. - Following the transaction, Nantahala Capital Management, LLC acquired 57.0 million shares, resulting in Nantahala holding 49.1% of the Company's issued and outstanding common stock[7][12]. - The transaction resulted in a change of control, with Nantahala becoming the largest stockholder and effectively controlling the Company[12]. - The Company amended its credit agreements to increase the ownership threshold for a Change in Control from 40% to 49.9%[7]. - Nantahala's significant ownership may prevent other stockholders from influencing corporate decisions, potentially affecting the market price of the common stock[20]. - The Company is no longer classified as a "controlled company" under NYSE American standards due to the change in stock ownership[16]. - The transaction led to the termination of the Investor Rights Agreement with ROS Acquisition and ORO II, effective immediately[9]. - Nantahala's ownership concentration may discourage unsolicited acquisition proposals, impacting the Company's strategic options[20]. - The Company has entered into a Registration Rights Agreement with several purchasers, which may influence future stockholder dynamics[23]. Financial Performance and Projections - The Company disclosed preliminary, unaudited revenue for the quarter ended March 31, 2025, in connection with the transaction announcement[10]. - The Company anticipates a preliminary revenue growth of 18% to 19% for the first quarter of 2025[23]. - The Company warns that future sales of shares may lead to a material adverse impact on the trading price of the Common Stock, especially given its low trading volume[22]. - The Company is obligated to file a Resale Registration Statement, which will allow these shares to be available for resale, potentially impacting future capital raising efforts[21]. - The Company has filed several amendments to its credit agreements, indicating ongoing financial restructuring efforts[23]. Risks and Regulatory Compliance - The Company cautions that forward-looking statements involve risks and uncertainties that could lead to actual results differing materially from expectations[22]. - The Company is at risk of delisting from NYSE American if the trading price of its Common Stock falls to abnormally low levels[21]. - The Company emphasizes the importance of reviewing its SEC filings for a comprehensive understanding of risks and uncertainties[22]. - The Chief Financial Officer, Scott Neils, signed the report, indicating official acknowledgment of the financial disclosures[26].

Financial Performance - Union Bankshares, Inc. reported net income for Q1 2025, with net income per share announced in the press release[6] Dividends - The Board of Directors declared a quarterly cash dividend of $0.36 per share, payable on May 1, 2025[7] - The record date for the dividend is set for April 26, 2025[7]

Financial Performance - First Industrial's diluted net income available to common stockholders per share (EPS) was $0.36 in Q1 2025, down from $0.52 a year ago; FFO was $0.68 per share/unit, up from $0.60 a year ago[2][5] - Total revenues for the three months ended March 31, 2025, increased to $177,074 million, up from $162,272 million in the same period of 2024, representing a growth of approximately 9.9%[21] - Net income available to First Industrial Realty Trust, Inc.'s common stockholders decreased to $48,103 million for Q1 2025, down from $68,452 million in Q1 2024, a decline of about 29.7%[22] - Funds From Operations (FFO) for the three months ended March 31, 2025, rose to $92,963 million, compared to $81,922 million in the prior year, reflecting an increase of approximately 13.5%[22] - Adjusted Funds From Operations (AFFO) increased to $89,082 million in Q1 2025, up from $75,547 million in Q1 2024, marking a growth of about 17.9%[21] - Net Operating Income (NOI) for the three months ended March 31, 2025, was $128,546 million, compared to $114,832 million in the same period of 2024, an increase of approximately 11.9%[22] Dividend Information - The first quarter 2025 dividend was increased to $0.445 per share, representing a 20.3% increase from the previous rate of $0.37[5][8] - The company reported a common dividend of $0.445 per share for Q1 2025, up from $0.370 per share in Q1 2024, an increase of approximately 20.3%[22] Occupancy and Leasing - In-service occupancy was 95.3% at the end of Q1 2025, down from 96.2% at the end of Q4 2024[5][6] - Cash same store NOI growth was 10.1%, with cash rental rates increasing by 42% in Q1 2025; cash rental rates on new and renewal leasing increased by 41.7%[5][6] Development and Acquisitions - The company acquired two 100% leased buildings totaling 796,000 square feet for $120 million, reflecting a cash yield of 6.4%[5][9] - Planned development starts for Q2 2025 total 402,000 square feet with an estimated investment of $54 million and an estimated combined cash yield of 8%[5][9] - The company has approximately 70.2 million square feet of industrial space under development as of March 31, 2025[16] Guidance and Projections - Guidance for 2025 includes net income available to common stockholders and unitholders projected between $1.52 and $1.62 per share[10] - NAREIT Funds From Operations (FFO) guidance for 2025 is projected between $2.87 and $2.97 per share[10] Financial Position - The company's total assets as of March 31, 2025, were $5,448,054 million, up from $5,261,426 million at the end of 2024, indicating a growth of about 3.6%[23] - Total liabilities increased to $2,704,832 million as of March 31, 2025, compared to $2,515,398 million at the end of 2024, reflecting an increase of approximately 7.5%[23] - The gross real estate investment rose to $6,028,897 million as of March 31, 2025, compared to $5,846,392 million at the end of 2024, representing an increase of about 3.1%[23] Capital Structure - The company renewed its unsecured revolving credit facility, increasing it by $100 million to $850 million, maturing on March 16, 2029[5][9] - The weighted average number of shares outstanding (diluted) increased to 136,115 million in Q1 2025, compared to 135,387 million in Q1 2024, reflecting a growth of about 0.5%[22]