Revenue Performance - Total revenue for the three months ended September 30, 2025, was $1,144,019, a 4.4% increase from $1,095,490 in the same period of 2024[226] - Total revenue for the nine months ended September 30, 2025, was $4,065,332, a 20.5% increase from $3,374,927 in the same period of 2024[226] - Revenue increased by $690.4 million, or 20.5%, to $4,065.3 million in the nine months ended September 30, 2025, compared to $3,374.9 million in the same period of 2024[268] Net Loss and Income - Net loss for the three months ended September 30, 2025, was $(256,788), compared to a net loss of $(293,688) in the same period of 2024[226] - Net income (loss) attributable to common stockholders improved by $36.9 million, or 12.6%, to $(256.8) million for the three months ended September 30, 2025, from $(293.7) million in 2024[257] - Net loss decreased by $239.7 million to a net loss of $132.7 million in the nine months ended September 30, 2025, compared to a net loss of $372.4 million in the same period of 2024[280] Unique Payers and Revenue Metrics - Monthly Unique Payers (MUPs) increased by 1.5% in the three months ended September 30, 2025, compared to the same period in 2024[238] - Average Revenue per MUP (ARPMUP) increased by $3 or 3.0% for the three months ended September 30, 2025, compared to the same period in 2024[239] Sportsbook Performance - Sportsbook Handle increased by $1.0 billion, or 10.0%, to $11.4 billion in the three months ended September 30, 2025, from $10.4 billion in the same period of 2024[242] - Sportsbook Handle increased by $3.6 billion, or 10.9%, to $36.8 billion in the nine months ended September 30, 2025, from $33.2 billion in the same period of 2024[242] - Sportsbook Net Revenue Margin decreased by 1.1 percentage points to 5.2% in the three months ended September 30, 2025, from 6.3% in the same period of 2024[243] iGaming and Other Revenue - iGaming revenue for the three months ended September 30, 2025, was $451,300, a 24.9% increase from $361,460 in the same period of 2024[242] - iGaming revenue increased by $89.8 million, or 24.9%, to $451.3 million for the three months ended September 30, 2025, compared to $361.5 million for the same period in 2024[244] - Other revenue for the nine months ended September 30, 2025, was $284,953, a 32.5% increase from $215,055 in the same period of 2024[242] - Other revenue rose by $19.5 million, or 25.3%, to $96.6 million for the three months ended September 30, 2025, primarily due to interest income on customer deposits[245] Cost and Expenses - Cost of revenue increased by $41.6 million, or 5.6%, to $784.1 million for the three months ended September 30, 2025, driven by revenue growth and higher variable expenses[258] - Cost of revenue increased by $366.5 million, or 17.3%, to $2,482.4 million in the nine months ended September 30, 2025, from $2,115.9 million in the same period of 2024[270] - Cost of revenue as a percentage of revenue increased by 0.8 percentage points to 68.5% for the three months ended September 30, 2025, compared to 67.8% in 2024[259] - Sales and marketing expense increased by $40.9 million, or 4.6%, to $937.2 million in the nine months ended September 30, 2025, from $896.3 million in the same period of 2024[273] - Product and technology expense increased by $41.3 million, or 14.5%, to $326.4 million in the nine months ended September 30, 2025, from $285.1 million in the same period of 2024[274] - General and administrative expense decreased by $60.6 million, or 11.1%, to $486.9 million in the nine months ended September 30, 2025, from $547.5 million in the same period of 2024[275] Cash Flow and Financing - Cash and cash equivalents as of September 30, 2025, were $1,228.3 million, sufficient to meet current working capital and capital expenditure requirements for at least twelve months[281] - The cash and cash equivalents at the end of the period increased to $1,708.2 million as of September 30, 2025, compared to $1,156.5 million at the end of the same period in 2024[288] - The company experienced a net increase in cash and cash equivalents of $377.9 million during the nine months ended September 30, 2025, contrasting with a decrease of $466.9 million in the prior year[288] - Cash received from borrowing under the Term B Facility amounted to $588.1 million, contributing to a net cash provided by financing activities of $151.7 million for the nine months ended September 30, 2025, compared to a cash outflow of $71.4 million in 2024[291] - Stock repurchase program authorized up to $1.0 billion, with 8.2 million shares repurchased for $314.0 million in the nine months ended September 30, 2025[287] Interest Expense - The company experienced a significant increase in interest expense, with a net expense of $19.6 million for the three months ended September 30, 2025, compared to an income of $8.3 million in 2024[257] - Interest expense net recorded was $14.5 million in the nine months ended September 30, 2025, compared to $36.3 million of net interest income in the same period of 2024[276] Accounting and Risk - There were no changes to the critical accounting estimates discussed in the 2024 Annual Report, indicating consistency in financial reporting practices[294] - The company has not experienced significant changes in exposure to market risk during the nine months ended September 30, 2025[295] - Commitments and contingencies as of September 30, 2025, are summarized in the unaudited condensed consolidated financial statements[292]

Exhibit 99.1 UBIQUITI INC. REPORTS FIRST QUARTER FISCAL 2026 FINANCIAL RESULTS ~ Revenues of $733.8 million ~ ~ GAAP Diluted Earnings Per Share of $3.43 ~ New York, NY - November 7, 2025 - Ubiquiti Inc. (NYSE: UI) ("Ubiquiti" or the "Company") today announced its financial results for the first quarter ended September 30, 2025. First Quarter Fiscal 2026 Financial Summary Additional Financial Highlight • The Company's Board of Directors declared a $0.80 per share cash dividend payable on November 24, 2025 to ...

Exhibit 99.1 RYTHM, Inc. Reports Third Quarter 2025 Results Recent Developments Management Commentary ROLLING MEADOWS, IL, November 7, 2025 (GLOBE NEWSWIRE) RYTHM, Inc. (Nasdaq: RYM) ("RYTHM" or the "Company") (formerly known as Agrify Corporation), which delivers well-being to consumers through its portfolio of iconic licensed brands and hemp-derived THC products including Señorita THC Margaritas and RYTHM, today announced financial results for the quarter ended September 30, 2025. Third Quarter 2025 Finan ...

Revenue Performance - Total revenues increased by $48 million, or 2%, to $2,144 million for the three months ended September 30, 2025, compared to $2,096 million in the same period of 2024[111] - Circulation and subscription revenues rose by $39 million, or 5%, to $782 million, while advertising revenues decreased by $4 million, or 1%, to $317 million[111] - Revenues at the Dow Jones segment increased by $34 million, or 6%, to $586 million for the three months ended September 30, 2025, driven by higher circulation and subscription revenues[132] - Digital revenues represented 84% of total revenues at the Dow Jones segment for the three months ended September 30, 2025, compared to 82% in the same period of fiscal 2025[132] - Revenues at the Digital Real Estate Services segment increased by $22 million, or 5%, to $479 million for the three months ended September 30, 2025[141] - News Media segment revenues increased by $4 million, or 1%, to $545 million for the three months ended September 30, 2025, driven by a $7 million increase in circulation and subscription revenues[145] Operating Expenses - Operating expenses decreased by $11 million, or 1%, to $941 million for the three months ended September 30, 2025[114] - Selling, general and administrative expenses increased by $44 million, or 5%, to $863 million, primarily due to higher employee and marketing costs[116] Net Income and Earnings - Net income from continuing operations was $150 million, an increase of $1 million, or 1%, compared to $149 million for the same period in 2024[125] - Net income for the three months ended September 30, 2025, was $150 million, an increase of $6 million, or 4%, compared to the same period in fiscal 2025[127] - Net income attributable to noncontrolling interests from continuing operations increased by $7 million, or 23%, for the three months ended September 30, 2025, primarily driven by higher earnings at REA Group[128] Segment Performance - The Digital Real Estate Services segment contributed to revenue growth, driven by higher revenues at Move and REA Group[112] - The Book Publishing segment experienced lower revenues due to decreased book sales, impacting overall performance[112] - Circulation and subscription revenues increased by $32 million, or 7%, to $491 million for the three months ended September 30, 2025, primarily due to growth in digital-only subscriptions[134] - Average daily digital-only subscriptions for The Wall Street Journal increased by 406 thousand, or 11%, to 4,217 thousand for the three months ended September 30, 2025[135] - Digital sales in the Book Publishing segment fell by 9%, representing approximately 23% of consumer revenues in Q3 2025, down from 25% in Q3 2024[143] - Segment EBITDA for Book Publishing decreased by $23 million, or 28%, to $58 million in Q3 2025, primarily due to a $13 million write-off of a customer receivable[144] - Segment EBITDA at the Digital Real Estate Services segment increased by $18 million, or 13%, to $158 million for the three months ended September 30, 2025[141] - Segment EBITDA for News Media increased by $12 million, or 67%, to $30 million in Q3 2025, attributed to cost savings initiatives and higher revenues[146] Cash Flow and Financing - As of September 30, 2025, the Company had cash and cash equivalents of $2.2 billion, with $720 million held by foreign subsidiaries[147][148] - Free cash flow improved to $4 million in Q3 2025, compared to a negative $49 million in the same period of 2024, due to higher cash provided by operating activities[161] - Net cash used in financing activities increased to $179 million in Q3 2025 from $109 million in Q3 2024, influenced by stock repurchases and dividend payments[156][157] - The Company announced a new stock repurchase program on July 15, 2025, authorizing the purchase of up to $1 billion in outstanding Class A and Class B Common Stock[150] - As of September 30, 2025, total borrowings amounted to $1,956 million, with $750 million of undrawn commitments available under the Revolving Facility[162] - HarperCollins entered into a finance leasing arrangement for up to $120 million for equipment, expected to enhance efficiencies[164] - The Equipment Lease will accrue interest based on the Term SOFR plus a margin of 1.475% and can be drawn until June 30, 2028[164] - The total commitments for operating leases as of September 30, 2025, amount to $1,565 million, with $216 million due in less than 1 year[167] Legal and Market Risk - The Company is involved in various legal proceedings, which may adversely affect its financial condition[168] - The Company establishes an accrued liability for legal claims when a loss is probable and can be reasonably estimated[169] - There has been no material change in the Company's assessment of its sensitivity to market risk since the last report[170]

Revenue Performance - Total revenues increased by $48 million, or 2%, to $2,144 million for the three months ended September 30, 2025, compared to $2,096 million in the same period of 2024[111]. - Circulation and subscription revenues rose by $39 million, or 5%, to $782 million, while advertising revenues decreased by $4 million, or 1%, to $317 million[111]. - Revenues at the Dow Jones segment increased by $34 million, or 6%, to $586 million for the three months ended September 30, 2025, driven by higher circulation and subscription revenues[132]. - Digital revenues represented 84% of total revenues at the Dow Jones segment for the three months ended September 30, 2025, compared to 82% in the same period of fiscal 2025[132]. - Revenues at the Digital Real Estate Services segment increased by $22 million, or 5%, to $479 million for the three months ended September 30, 2025[141]. - News Media segment revenues increased by $4 million, or 1%, to $545 million for the three months ended September 30, 2025, driven by a $7 million increase in circulation and subscription revenues[145]. Operating Expenses - Operating expenses decreased by $11 million, or 1%, to $941 million for the three months ended September 30, 2025[114]. - Selling, general and administrative expenses increased by $44 million, or 5%, to $863 million, primarily due to higher employee and marketing costs[116]. Net Income and Earnings - Net income from continuing operations was $150 million, an increase of $1 million, or 1%, compared to $149 million for the same period in 2024[125]. - Net income for the three months ended September 30, 2025, was $150 million, an increase of $6 million, or 4%, compared to the same period in fiscal 2025[127]. - Net income attributable to noncontrolling interests from continuing operations increased by $7 million, or 23%, for the three months ended September 30, 2025, primarily driven by higher earnings at REA Group[128]. Segment Performance - The Digital Real Estate Services segment contributed to revenue growth, driven by higher revenues at Move and REA Group[112]. - The Book Publishing segment experienced lower revenues due to decreased book sales, impacting overall performance[112]. - Circulation and subscription revenues increased by $32 million, or 7%, to $491 million for the three months ended September 30, 2025, primarily due to growth in digital-only subscriptions[134]. - Average daily digital-only subscriptions for The Wall Street Journal increased by 406 thousand, or 11%, to 4,217 thousand for the three months ended September 30, 2025[135]. - Digital sales in the Book Publishing segment fell by 9%, representing approximately 23% of consumer revenues in Q3 2025, down from 25% in Q3 2024[143]. - Segment EBITDA for Book Publishing decreased by $23 million, or 28%, to $58 million for the three months ended September 30, 2025, primarily due to a $13 million write-off of a customer receivable[144]. - Segment EBITDA for News Media increased by $12 million, or 67%, to $30 million for the three months ended September 30, 2025, due to cost savings initiatives and higher revenues[146]. - Segment EBITDA at the Digital Real Estate Services segment increased by $18 million, or 13%, to $158 million for the three months ended September 30, 2025[141]. - Total Segment EBITDA for the three months ended September 30, 2025, was $340 million, up $15 million, or 5%, from $325 million in the same period of fiscal 2025[131]. Cash Flow and Financing - Free cash flow improved to $4 million for the three months ended September 30, 2025, compared to a negative $49 million in the same period of 2024, primarily due to higher cash provided by operating activities[161]. - Net cash used in financing activities increased to $179 million for the three months ended September 30, 2025, compared to $109 million in the same period of 2024[156]. - The Company announced a new stock repurchase program on July 15, 2025, authorizing the purchase of up to $1 billion in outstanding Class A and Class B Common Stock[150]. - The Company declared a semi-annual cash dividend of $0.10 per share for Class A and Class B Common Stock, paid on October 8, 2025[153]. Legal and Regulatory Matters - The Company is involved in various legal proceedings, which may adversely affect its financial condition[168]. - Accrued liabilities for legal claims are established when a loss is probable and can be reasonably estimated[169]. - There has been no material change in the Company's assessment of its sensitivity to market risk since the last report[170]. Commitments and Leases - The total commitments for operating leases as of September 30, 2025, amount to $1,565 million, with $216 million due in less than 1 year[167]. - The Company has not experienced significant changes in its commitments since the disclosures in the 2025 Form 10-K[166]. - HarperCollins entered into a finance leasing arrangement for up to $120 million for equipment, expected to enhance efficiencies[164]. - The Equipment Lease will accrue interest based on the Term SOFR plus a margin of 1.475% and may be drawn until June 30, 2028[164].

Financial Performance - Consolidated net revenue in Q2 FY2026 was $67MM, a 6% increase compared to Q2 FY2025[3] - Canada adult-use cannabis net revenue in Q2 FY2026 was $24MM, reflecting a 30% increase year-over-year[3] - Canada medical cannabis net revenue in Q2 FY2026 was $22MM, representing a 17% increase compared to Q2 FY2025[3] - International markets cannabis net revenue in Q2 FY2026 was $5MM, a 39% decrease compared to Q2 FY2025 due to supply chain challenges[3] - Total revenue for the three months ended September 30, 2025, was CAD 82,998,000, an increase of 12.5% compared to CAD 73,958,000 in the same period of 2024[30] - Net revenue after excise taxes was CAD 66,683,000, up from CAD 62,991,000, reflecting a growth of 5.4% year-over-year[30] - Total net revenue for the three months ended September 30, 2025, was $66,683, an increase of 6% from $62,991 in 2024[35] - Canadian adult-use cannabis revenue increased by 30% to $23,940 for the three months ended September 30, 2025, compared to $18,388 in 2024[35] Profitability and Loss - Consolidated gross margin in Q2 FY2026 was 33%, a decrease of 200 basis points compared to Q2 FY2025[3] - Operating loss from continuing operations was $17MM in Q2 FY2026, an improvement of 63% compared to Q2 FY2025[6] - Adjusted EBITDA loss was $3MM in Q2 FY2026, compared to a loss of $6MM in Q2 FY2025[6] - Operating loss from continuing operations decreased to CAD 16,894,000 from CAD 45,943,000, indicating improved operational efficiency[30] - The net loss attributable to Canopy Growth Corporation was CAD 1,639,000, a significant reduction from CAD 128,293,000 in the prior year[30] - The gross margin percentage for the cannabis segment decreased to 31% in Q3 2025 from 36% in Q3 2024[38] - Adjusted EBITDA for the three months ended September 30, 2025, was $(3,049), an improvement from $(5,507) in 2024[41] Cash Flow and Liquidity - Year-to-date free cash flow was an outflow of $31MM as of Q2 FY2026, significantly improved from an outflow of $112MM in Q2 FY2025[6] - Cash and cash equivalents increased to CAD 298,058,000 from CAD 113,811,000, showing a strong liquidity position[27] - Cash and cash equivalents at the end of the period increased to $298,058 from $228,416 in the previous year[33] - Net cash provided by financing activities was $194,457 for the six months ended September 30, 2025, compared to $194,717 in 2024[33] - The company reported a net cash used in operating activities of $(28,316) for the six months ended September 30, 2025, down from $(105,632) in 2024[33] - The company experienced a net cash inflow from investing activities of $16,024 for the six months ended September 30, 2025, compared to a net cash outflow of $(31,993) in 2024[33] Balance Sheet and Financial Health - Total assets rose to CAD 1,069,838,000, compared to CAD 917,701,000, reflecting growth in the company's asset base[27] - Total liabilities decreased to CAD 333,825,000 from CAD 430,488,000, indicating improved financial health[27] - Canopy Growth Corporation's total shareholders' equity increased to CAD 736,013,000 from CAD 487,213,000, demonstrating a stronger equity position[27] - The company made prepayments totaling US$50MM against its senior secured term loan in Q2 FY2026[6] - The company reported a basic and diluted loss per share of CAD 0.01 for continuing operations, compared to CAD 1.52 in the same quarter last year[30] - Net loss from continuing operations for the six months ended September 30, 2025, was $43,166, compared to a loss of $260,741 for the same period in 2024, showing a significant improvement[33]

Exhibit 99.1 1stDibs Reports Third Quarter 2025 Financial Results New York, NY — November 7, 2025 — 1stdibs.com, Inc. (NASDAQ: DIBS), a leading online marketplace for luxury design products ("1stDibs" or the "Company"), today reported financial results for its third quarter ended September 30, 2025. Third Quarter 2025 Financial Highlights "The third quarter represented a major breakthrough defined by focus and execution. We successfully completed a major strategic realignment, making structural changes that ...

Investor Relations 469.398.7222 tel News Release FLUOR REPORTS THIRD QUARTER 2025 RESULTS Fluor Corporation Brett Turner Exhibit 99.1 6700 Las Colinas Blvd Media Relations Irving, Texas 75039 864.281.6976 tel 469.398.7000 main tel Jason Landkamer "Fluor's third quarter results demonstrate our commitment to disciplined project delivery and creating value for our clients and shareholders," said Jim Breuer, chief executive officer of Fluor. "Despite continued short term uncertainty in some markets, we are well ...

Financial Performance - Net sales for Q3 2025 reached $2,122.6 million, a 63.2% increase from $1,300.0 million in Q3 2024[16] - Gross profit for the nine months ended September 30, 2025, was $2,360.5 million, compared to $1,543.4 million for the same period in 2024, reflecting a 52.9% increase[16] - Operating income for Q3 2025 was $314.7 million, up from $201.8 million in Q3 2024, representing a 55.7% increase[16] - Net income attributable to Somnigroup International Inc. for Q3 2025 was $177.4 million, compared to $130.0 million in Q3 2024, marking a 36.5% increase[16] - The company reported a comprehensive income of $163.5 million for Q3 2025, slightly down from $167.0 million in Q3 2024[19] - For the three months ended September 30, 2025, net sales reached $2,122.6 million, a 63.2% increase from $1,300.0 million in the same period of 2024[48] - For the nine months ended September 30, 2025, net sales totaled $5,608.1 million, compared to $3,723.0 million for the same period in 2024, reflecting a 50.8% growth[49] Assets and Liabilities - Total assets increased to $11,399.5 million as of September 30, 2025, compared to $5,980.4 million at the end of 2024, indicating a 90.4% growth[21] - Long-term debt rose to $4,511.5 million as of September 30, 2025, up from $3,740.4 million at the end of 2024[21] - The company’s cash and cash equivalents decreased to $100.2 million from $117.4 million at the end of 2024[21] - As of September 30, 2025, the total stockholders' equity for Somnigroup International Inc. is $2,985.4 million, an increase from $2,841.1 million as of June 30, 2025[23] - The balance of additional paid-in capital as of September 30, 2025, is $1,028.7 million, reflecting an increase from $1,017.0 million as of June 30, 2025[23] - The company reported accrued expenses and other current liabilities of $749.6 million as of September 30, 2025, compared to $393.9 million as of December 31, 2024[88] Cash Flow and Investments - Net cash provided by operating activities increased to $700.7 million for the nine months ended September 30, 2025, compared to $537.4 million in 2024, reflecting a growth of about 30%[29] - The acquisition of Mattress Firm resulted in a net cash outflow of $2,824.5 million, significantly impacting cash flows from investing activities, which totaled $(2,948.4) million for the nine months ended September 30, 2025[29] - Proceeds from borrowings under long-term debt obligations increased to $3,429.9 million in 2025, compared to $1,165.3 million in 2024, marking a rise of approximately 194%[29] - The company’s cash, cash equivalents, and restricted cash decreased to $100.2 million as of September 30, 2025, down from $1,709.7 million at the end of 2024, a decline of about 94%[37] Acquisition of Mattress Firm - The acquisition of Mattress Firm, finalized on February 5, 2025, is expected to enhance the company's market share and operational synergies[9] - The acquisition of Mattress Firm Group Inc. was completed on February 5, 2025, for an aggregate purchase price of approximately $5.1 billion, net of cash acquired[50] - The Mattress Firm acquisition included $3.1 billion in cash and approximately 34.2 million shares of common stock valued at $65.65 per share[50] - The company expects the Mattress Firm acquisition to enhance its global omni-channel strategy and improve consumer experience[52] - The Mattress Firm Acquisition contributed revenue of $1,070.8 million and $2,613.3 million for the three and nine months ended September 30, 2025, respectively, with net income of $66.7 million and $119.8 million for the same periods[62] - The company incurred $50.2 million in transaction costs related to the Mattress Firm Acquisition during the nine months ended September 30, 2025, compared to $35.8 million in the same period of 2024[61] Expenses and Profitability - Selling and marketing expenses for Q3 2025 were $480.8 million, compared to $233.6 million in Q3 2024, reflecting a 105.5% increase[16] - The company reported a significant increase in depreciation and amortization expenses, rising to $180.0 million in 2025 from $121.9 million in 2024, an increase of approximately 48%[29] - Total stock-based compensation expense for the three months ended September 30, 2025, was $12.2 million, up from $8.6 million in 2024, and for the nine months ended September 30, 2025, it was $30.7 million compared to $27.3 million in 2024[89] - Basic earnings per common share for the three months ended September 30, 2025, was $0.85, an increase from $0.75 in 2024[94] Foreign Currency and Taxation - Foreign currency adjustments, net of tax, resulted in a gain of $37.0 million for the three months ended September 30, 2024, compared to a loss of $13.9 million for the same period in 2025[23][24] - The effective tax rate for the nine months ended September 30, 2025, was 14.9%, down from 23.4% in 2024[91] - The company expects no material impact from the OECD's proposed global minimum effective tax of 15.0% on its financial results in 2025[92] Inventory and Other Assets - Finished goods inventory increased to $501.4 million as of September 30, 2025, compared to $300.5 million at the end of 2024, representing a growth of approximately 67%[38] - The accrued warranty expense balance increased to $59.0 million as of September 30, 2025, up from $33.6 million at the end of 2024, reflecting a rise of approximately 76%[39] - The allowance for credit losses decreased to $42.6 million as of September 30, 2025, down from $80.4 million at the end of 2024, a reduction of about 47%[41] Debt and Compliance - As of September 30, 2025, total debt was $4,658.4 million, an increase from $3,844.5 million as of December 31, 2024[70] - The company was in compliance with all applicable debt covenants as of September 30, 2025[72] - The scheduled maturities of long-term debt outstanding total $4,558.0 million, with significant payments due in 2028 ($1,259.7 million) and thereafter[82]

Financial Performance - Total operating revenues for Q3 2025 were CAD 14,639 million, a slight decrease of 1.6% compared to CAD 14,882 million in Q3 2024[16] - Commodity sales decreased to CAD 8,396 million in Q3 2025 from CAD 8,986 million in Q3 2024, representing a decline of 6.6%[16] - Operating income for the nine months ended September 30, 2025, increased to CAD 8,232 million, up 14.3% from CAD 7,202 million in the same period of 2024[16] - Earnings attributable to common shareholders for Q3 2025 were CAD 682 million, down 47.3% from CAD 1,293 million in Q3 2024[16] - Comprehensive income attributable to common shareholders for the nine months ended September 30, 2025, was CAD 3,357 million, a decrease of 41.5% compared to CAD 5,729 million in the same period of 2024[18] - Total revenues for the nine months ended September 30, 2025, were $47,000 million, compared to $36,531 million for the same period in 2024, representing a significant increase of 28.4%[46] - Earnings before income taxes for the nine months ended September 30, 2025, were $7,337 million, compared to $6,450 million for the same period in 2024, indicating a year-over-year increase of 13.7%[46] - Earnings attributable to common shareholders increased to CAD 5,120 million, up from CAD 4,560 million in the same period of 2024, representing a growth of 12.3%[198] Cash Flow and Expenditures - Net cash provided by operating activities for the nine months ended September 30, 2025, was CAD 9,159 million, an increase from CAD 8,938 million in 2024[22] - Capital expenditures for the nine months ended September 30, 2025, were CAD 5,944 million, compared to CAD 4,165 million in the same period of 2024, reflecting a 42.7% increase[22] - Capital expenditures for the three months ended September 30, 2025, totaled $2,347 million, up from $1,652 million in the same period of 2024, marking an increase of 42.0%[49] Assets and Liabilities - The total equity of Enbridge Inc. as of September 30, 2025, was CAD 68,076 million, a decrease from CAD 68,778 million at the end of 2024[20] - Total assets decreased to CAD 216,973 million as of September 30, 2025, down from CAD 218,973 million at December 31, 2024, representing a decline of 0.91%[24] - Current liabilities decreased significantly from CAD 23,812 million to CAD 15,041 million, a reduction of 36.5%[24] - Total liabilities decreased to CAD 148,161 million as of September 30, 2025, down from CAD 150,080 million at December 31, 2024, a decrease of 1.3%[24] - Long-term debt increased to CAD 100,602 million from CAD 93,414 million, reflecting an increase of 7.8%[24] Dividends and Shareholder Returns - The company declared common share dividends of CAD 2.82 per share for the nine months ended September 30, 2025, up from CAD 2.76 in 2024[20] - The quarterly dividend per share on Preference Shares, Series I decreased to $0.29980 from $0.30058[59] - The quarterly dividend per share on Preference Shares, Series 15 increased to $0.35163 from $0.18644[60] - The Board of Directors declared a quarterly dividend of $0.94250 per common share, payable on December 1, 2025[58] Acquisitions and Investments - The acquisition of Public Service Company of North Carolina was completed for cash consideration of $2.7 billion, with estimated fair values assigned to net assets including $4,147 million in property, plant, and equipment[63][64] - The acquisition of Questar Gas Company was completed for cash consideration of $4.1 billion, with estimated fair values assigned to net assets including $6,013 million in property, plant, and equipment[66][67] - The acquisition of The East Ohio Gas Company was completed for cash consideration of $5.8 billion, with estimated fair values assigned to net assets including $7,276 million in property, plant, and equipment[71][73] - The acquisition of six Morrow Renewables operating landfill gas-to-renewable natural gas production facilities was completed for total consideration of $1.3 billion, with $584 million paid at close[78][79] Risk Management - The company has exposure to commodity price risk, with financial and physical derivative instruments employed to manage this risk[120] - The company has implemented risk management policies to mitigate market risks, including foreign exchange, interest rate, commodity price, and equity price risks[113] - The company actively monitors the financial strength of large industrial customers to mitigate credit risk associated with trade receivables[141] Derivative Instruments and Fair Value - The company reported an unrealized loss on derivatives of CAD 270 million for the three months ended September 30, 2025, compared to a gain of CAD 140 million in the same period of 2024[132] - The total notional amount of foreign exchange contracts for US dollar forwards sold is CAD 18,629 million, with the largest portion maturing in 2026 at CAD 5,872 million[125] - The fair value of Level 1 investments was $838 million, while Level 2 investments were $407 million, compared to $491 million and $507 million respectively as of December 31, 2024[160] - The fair value of Level 3 derivative instruments improved significantly, with a net asset of $190 million at the end of the period, compared to a liability of $52 million at the beginning[155] Taxation - The effective income tax rate for the three months ended September 30, 2025, was 27.2%, an increase from 17.7% in 2024[165] - The effective income tax rate increased due to higher US minimum tax and prior year tax benefits, impacting the overall tax expense which was CAD 1,679 million for the nine months ended September 30, 2025, compared to CAD 1,437 million in 2024[167] Segment Performance - The Liquids Pipelines segment reported earnings of CAD 7,207 million for the nine months ended September 30, 2025, compared to CAD 7,179 million in the prior year, reflecting a slight increase of 0.4%[198] - Gas Distribution and Storage segment earnings rose significantly to CAD 2,670 million for the nine months ended September 30, 2025, compared to CAD 1,854 million in 2024, marking an increase of 44%[198] - The Gas Transmission segment reported EBITDA of $1,270 million for the three months ended September 30, 2025, an increase from $1,146 million in 2024, driven by increased revenues from rate case settlements[207][208] - The Renewable Power Generation segment's EBITDA decreased to $89 million for the three months ended September 30, 2025, down from $102 million in 2024, impacted by lower unrealized gains on derivative instruments[214]