Financial Performance - Net loss for Q3 2025 was $(45.0) million, a decrease of $46.9 million compared to a net income of $1.9 million in Q3 2024[110] - Net loss for the nine months ended September 30, 2025 was $58.5 million, a decrease of $69.9 million from net income of $11.4 million for the same period in 2024[170] - Net interest income for the three months ended September 30, 2025 was $22.2 million, a decrease from $22.7 million for the same period in 2024[174] - Net interest income for the nine months ended September 30, 2025, was $66.7 million, up from $65.9 million in 2024, indicating a slight increase of 1.2%[192] - Noninterest income decreased to $6.4 million for the nine months ended September 30, 2025, down from $22.2 million in 2024, a decline of 71.1%[201] - Noninterest expense totaled $65.5 million for the nine months ended September 30, 2025, compared to $59.2 million in 2024, an increase of 10.5%[203] Asset and Loan Management - Total assets decreased by $175.4 million to $3.8 billion as of September 30, 2025, compared to December 31, 2024[110] - Total loans decreased by $414.0 million, or 15.4%, to $2.3 billion as of September 30, 2025, compared to December 31, 2024[110] - Net loans decreased by $464.9 million, or 17.5%, to $2.2 billion as of September 30, 2025, due to a strategic focus on reducing risk in the loan portfolio[116] - Total deposits decreased by $121.4 million, or 3.5%, to $3.4 billion as of September 30, 2025, compared to December 31, 2024[110] - Nonaccrual loans increased by $5.7 million to $114.3 million as of September 30, 2025, compared to $108.5 million at December 31, 2024[112] - Special mention loans increased by $86.5 million in 2025, primarily due to downgrades during the year[122] Credit Losses and Provisions - The provision for credit losses for Q3 2025 was $47.9 million, significantly higher than $4.9 million in Q3 2024[110] - The allowance for credit losses increased to $85.7 million, or 3.76% of total loans, compared to $34.8 million, or 1.29%, at December 31, 2024[110] - The provision for credit losses surged to $79.1 million for the nine months ended September 30, 2025, compared to $14.0 million in the same period of 2024, representing a significant increase of 464.3%[197] - Total charge-offs for the nine months ended September 30, 2025, were $29.4 million, compared to $13.7 million in 2024, reflecting an increase of 115.6%[197] Equity and Capital - Total shareholders' equity decreased to $221.1 million at September 30, 2025, down from $255.0 million at December 31, 2024, primarily due to a net loss of $58.5 million during the nine months ended September 30, 2025[211] - The capital conservation buffer for First Guaranty was 3.49% as of September 30, 2025, exceeding the minimum requirement of 2.50%[213] - The Tier 1 Risk-based Capital Ratio for the Bank was 11.09% as of September 30, 2025, compared to 11.00% at December 31, 2024[217] Interest Income and Expenses - Interest income decreased by $3.9 million, or 6.8%, to $53.5 million for the three months ended September 30, 2025[176] - Interest income on loans decreased by $10.5 million, or 21.1%, to $39.3 million for the three months ended September 30, 2025[178] - Interest expense decreased by $2.5 million or 2.6%, totaling $95.6 million for the nine months ended September 30, 2025, compared to $98.1 million for the same period in 2024[185] - The net interest margin decreased to 2.34% for the three months ended September 30, 2025, compared to 2.51% for the same period in 2024[190] Securities and Investments - Investment securities net of the allowance for credit losses totaled $696.7 million at September 30, 2025, an increase of $94.0 million from $602.7 million at December 31, 2024[128] - The available for sale securities portfolio increased by $93.2 million, or 33.2%, to $374.3 million at September 30, 2025, primarily due to purchases of collateralized mortgage obligations and mortgage-backed securities[130] - The average maturity of the securities portfolio is approximately 7.02 years, with an estimated effective duration of 5.28 years as of September 30, 2025[132] Employee and Operational Metrics - Full-time equivalent employees decreased to 339 as of September 30, 2025, down from 404 a year earlier[113] - The average balance of total interest-earning assets increased by $164.2 million to $3.8 billion for the three months ended September 30, 2025[174] - The average balance of loans decreased by $317.3 million to $2.5 billion for the nine months ended September 30, 2025, from $2.8 billion for the same period in 2024[182]

Financial Performance - Net loss for Q3 2025 was $(45.0) million, a decrease of $46.9 million compared to a net income of $1.9 million in Q3 2024[110] - Return on average assets for Q3 2025 was (4.61)%, compared to 0.21% in Q3 2024, and for the nine months ended September 30, 2025, it was (2.00)%, down from 0.42% in 2024[114] - Loss per common share for the nine months ended September 30, 2025 was $(4.45), a decrease of $5.23 from $0.78 for the same period in 2024[170] - Noninterest income decreased to $6.4 million for the nine months ended September 30, 2025, down from $22.2 million in 2024, a decline of 71.1%[201] - Total shareholders' equity decreased to $221.1 million at September 30, 2025, down from $255.0 million at December 31, 2024, primarily due to a net loss of $58.5 million during the nine months ended September 30, 2025[211] Asset and Loan Management - Total assets decreased by $175.4 million to $3.8 billion as of September 30, 2025, compared to December 31, 2024[110] - Total loans decreased by $414.0 million, or 15.4%, to $2.3 billion as of September 30, 2025, compared to December 31, 2024[110] - Net loans decreased by $464.9 million, or 17.5%, to $2.2 billion as of September 30, 2025, due to a strategic focus on reducing risk in the loan portfolio[116] - Nonaccrual loans increased by $5.7 million to $114.3 million as of September 30, 2025, compared to $108.5 million at December 31, 2024[112] - Special mention loans increased by $86.5 million in 2025, primarily due to downgrades during the year[122] Credit Losses and Provisions - The provision for credit losses for Q3 2025 was $47.9 million, significantly higher than $4.9 million in Q3 2024[110] - The allowance for credit losses increased to $85.7 million, or 3.76% of total loans, compared to $34.8 million, or 1.29%, at December 31, 2024[110] - The provision for credit losses was $79.1 million for the first nine months of 2025, significantly higher than $14.0 million for the same period in 2024[126] - The allowance for credit losses on loans was $85.7 million, representing 3.76% of total loans and 75.0% of nonperforming loans as of September 30, 2025[148] Deposits and Funding - Total deposits decreased by $121.4 million, or 3.5%, to $3.4 billion as of September 30, 2025, compared to December 31, 2024[110] - Noninterest-bearing demand deposits decreased by $7.2 million, or 1.8%, to $396.9 million at September 30, 2025, primarily due to seasonal activity[155] - Public funds deposits totaled $1.1 billion at September 30, 2025, up from $1.0 billion at December 31, 2024, due to seasonal fluctuations[162] - The total amount of uninsured deposits was estimated at $264.3 million at September 30, 2025, excluding collateralized public funds deposits[158] Interest Income and Expenses - Net interest income for the three months ended September 30, 2025 was $22.2 million, a decrease from $22.7 million for the same period in 2024[174] - Interest income decreased by $3.9 million, or 6.8%, to $53.5 million for the three months ended September 30, 2025, primarily due to a $464.7 million decrease in the average balance of loans[176] - Interest expense decreased by $2.5 million or 2.6%, totaling $95.6 million for the nine months ended September 30, 2025, compared to $98.1 million for the same period in 2024[185] - The net interest margin for Q3 2025 was 2.34%, a decrease of 17 basis points from 2.51% in Q3 2024[112] Securities and Investments - Investment securities net of the allowance for credit losses reached $696.7 million at September 30, 2025, an increase of $94.0 million from $602.7 million at December 31, 2024[128] - The available for sale securities portfolio totaled $374.3 million at September 30, 2025, reflecting an increase of $93.2 million, or 33.2%, from $281.1 million at December 31, 2024[130] - The average maturity of the securities portfolio is approximately 7.02 years, with an estimated effective duration of 5.28 years as of September 30, 2025[132] Capital and Ratios - The capital conservation buffer for First Guaranty was 3.49% as of September 30, 2025, exceeding the minimum requirement of 2.50%[213] - The Tier 1 Risk-based Capital Ratio for the Bank was 11.09% as of September 30, 2025, compared to 11.00% at December 31, 2024[217] - The average interest-earning assets to interest-bearing liabilities ratio was 118.42% for the nine months ended September 30, 2025, slightly down from 119.48% in 2024[192]

Financial Results Announcement - SolarMax Technology, Inc. announced its financial results for the quarter ended September 30, 2025[6]. - The press release detailing the financial results was issued on November 17, 2025[6]. - The financial results and any related metrics are detailed in Exhibit 99.1, which is not included in the provided content[8]. Company Classification and Stock Information - The company is classified as an emerging growth company under the Securities Act of 1933[5]. - The company's common stock is traded under the symbol SMXT on The Nasdaq Stock Market LLC[4]. Financial Reporting and Data - The report does not include specific financial metrics or performance data from the earnings call[7]. - The company has not opted to use the extended transition period for new financial accounting standards[5]. - No specific user data or future outlook was provided in the available documents[7]. - There are no mentions of new products, technologies, market expansion, or acquisitions in the current report[7]. Official Communication - The report includes a signature from CEO David Hsu, indicating official communication from the company[12].

Financial Performance - For Q3 2025, New Concept Energy reported a net loss of $20,000, compared to a net loss of $4,000 in Q3 2024, indicating a significant increase in losses [2]. - Total revenue for Q3 2025 was $39,000, a slight increase from $37,000 in Q3 2024, with rental revenue remaining constant at $26,000 and management fees increasing from $11,000 to $13,000 [3][10]. - The company reported a loss from operations of $63,000 in Q3 2025, compared to a loss of $56,000 in Q3 2024 [10]. - For the nine months ended September 30, 2025, total revenues increased to $117,000 from $110,000 in the same period of 2024 [10]. - The net income (loss) applicable to common shares for the nine months ended September 30, 2025, was a loss of $58,000, compared to a net income of $1,000 in the same period of 2024 [10]. Expenses and Income - Corporate general and administrative expenses rose to $88,000 in Q3 2025 from $79,000 in Q3 2024, reflecting a 11.4% increase [3][10]. - Interest income from related parties decreased to $40,000 in Q3 2025 from $50,000 in Q3 2024, a decline of 20% [10]. Assets and Equity - Total assets as of September 30, 2025, were $4,542,000, a decrease from $4,594,000 as of December 31, 2024 [6][8]. - Cash and cash equivalents decreased to $307,000 as of September 30, 2025, down from $363,000 at the end of 2024 [6]. - Total stockholders' equity decreased to $4,479,000 as of September 30, 2025, compared to $4,537,000 at the end of 2024 [8].

[Filing Information](index=1&type=section&id=Filing%20Information) This section provides essential identification details for iQSTEL Inc. as the registrant for this Form 8-K filing [Registrant Information](index=1&type=section&id=Registrant%20Information) This section details the fundamental identification information for iQSTEL Inc. - Registrant Name: **iQSTEL Inc.**[1](index=1&type=chunk) - Jurisdiction of Incorporation: **Nevada**[1](index=1&type=chunk) - Principal Executive Offices: **300 Aragon Avenue, Suite 375, Coral Gables, FL 33134**[1](index=1&type=chunk) [Securities and Filing Status](index=1&type=section&id=Securities%20and%20Filing%20Status) This part details the securities registered under Section 12(b) of the Act and confirms the registrant's status regarding emerging growth company provisions Securities Registered Pursuant to Section 12(b) | Title of each class | Trading symbol | Name of each exchange on which registered | | :------------------ | :------------- | :-------------------------------------- | | Common Stock | IQST | Nasdaq Capital Market | - The registrant is **not an emerging growth company**[3](index=3&type=chunk) [SECTION 2 – FINANCIAL INFORMATION](index=2&type=section&id=SECTION%202%20%E2%80%93%20FINANCIAL%20INFORMATION) This section details the company's recent financial condition and strategic business developments [Item 2.02 Results of Operations and Financial Condition.](index=2&type=section&id=Item%202.02%20Results%20of%20Operations%20and%20Financial%20Condition.) iQSTEL Inc. issued press releases detailing financial achievements, dividend goals, and cybersecurity entry, furnished as exhibits but not legally 'filed' - Press releases were issued concerning **financial achievements**, **future dividend goals**, and **entry into the cybersecurity business** via an agreement with Cycurion[4](index=4&type=chunk) - The press releases are furnished as **Exhibits 99.1 and 99.2** with this Current Report on Form 8-K[5](index=5&type=chunk) - The information furnished under this Item 2.02 and Item 9.01, including Exhibits 99.1 and 99.2, is **not deemed 'filed'** for purposes of Section 18 of the Securities Exchange Act of 1934[5](index=5&type=chunk) [SECTION 9 – FINANCIAL STATEMENTS AND EXHIBITS](index=2&type=section&id=SECTION%209%20%E2%80%93%20FINANCIAL%20STATEMENTS%20AND%20EXHIBITS) This section lists the exhibits accompanying the Form 8-K, specifically two press releases that provide further details on the company's financial condition and strategic developments [Item 9.01 Financial Statements and Exhibits.](index=2&type=section&id=Item%209.01%20Financial%20Statements%20and%20Exhibits.) This section details the exhibits accompanying the Form 8-K, including press releases on financial condition and strategic developments Exhibits Furnished | Exhibit No. | Description | | :------------ | :------------------------ | | 99.1 | Press Release, dated October 1, 2025 | | 99.2 | Press Release, dated October 9, 2025 | [SIGNATURES](index=3&type=section&id=SIGNATURES) This section contains the official signatures confirming the submission of the Form 8-K report [Signature Block](index=3&type=section&id=Signature%20Block) The report is duly signed on behalf of iQSTEL Inc. by its Chief Executive Officer, Leandro Iglesias, confirming its submission in accordance with the Securities Exchange Act of 1934 - The report was signed by **Leandro Iglesias**, Chief Executive Officer of iQSTEL Inc[9](index=9&type=chunk) - The signing date for the report was **October 10, 2025**[9](index=9&type=chunk)

Financial Results - Capstone Holding Corp. reported its financial results for Q3 2025 on November 17, 2025[4] - The press release detailing the financial results was inadvertently sent to the email distribution list prior to its official issuance[5] Company Classification - The company is classified as an emerging growth company under the Securities Act[3]

Vehicle Deliveries and Sales - Total vehicle deliveries reached 140,195 units in Q3 2025, a 12.5% year-over-year increase and a 7.1% quarter-over-quarter increase[3] - Vehicle sales amounted to RMB26,527 million (US$3,726 million) in Q3 2025, reflecting a 7.3% increase from Q3 2024 and a 15.8% increase from Q2 2025[7] - The Zeekr brand delivered 21,423 vehicles in October 2025, contributing to a total of 61,636 vehicles delivered across both brands, a 20.5% increase from the previous month[12] Financial Performance - Total revenues were RMB31,562 million (US$4,434 million) for Q3 2025, representing a 9.1% increase year-over-year and a 15.1% increase quarter-over-quarter[15] - Gross profit for Q3 2025 was RMB6,046 million (US$850 million), a 37.1% increase from Q3 2024 and a 6.9% increase from Q2 2025[7] - Net loss decreased to RMB307 million (US$43 million) in Q3 2025, down 84.9% from Q3 2024[8] - Non-GAAP net loss attributable to ordinary shareholders for Q3 2025 was RMB761 million (US$107 million), a decrease of 63.2% from RMB2,068 million in Q3 2024 and an increase of 109.1% from RMB364 million in Q2 2025[25] - Basic and diluted net loss per share attributed to ordinary shareholders for Q3 2025 was RMB0.31 (US$0.04), compared to RMB0.83 in Q3 2024 and RMB0.15 in Q2 2025[25] - Non-GAAP net loss per ADS attributed to ordinary shareholders for Q3 2025 was RMB2.96 (US$0.42), compared to RMB8.10 in Q3 2024[38] Profitability Metrics - Vehicle margin was 15.6% in Q3 2025, compared to 12.6% in Q3 2024, indicating improved profitability[16] - Total revenues for Q3 2025 were RMB31,562 million (US$4,434 million), an increase from RMB28,924 million in Q3 2024 and RMB27,431 million in Q2 2025[34] - Gross profit for Q3 2025 was RMB6,046 million (US$850 million), compared to RMB4,409 million in Q3 2024 and RMB5,656 million in Q2 2025[34] Research and Development - Research and development expenses were RMB2,743 million (US$385 million) in Q3 2025, a decrease of 8.6% from Q3 2024[19] - Research and development expenses for Q3 2025 were RMB2,743 million (US$385 million), compared to RMB3,000 million in Q3 2024[34] Assets and Liabilities - Total current assets as of September 30, 2025, were RMB40,592 million (US$5,702 million), down from RMB50,863 million as of December 31, 2024[31] - Total liabilities as of September 30, 2025, were RMB82,651 million (US$11,611 million), compared to RMB82,407 million as of December 31, 2024[32] Strategic Goals - The company aims to enhance its user ecosystem and develop its own software systems and electric vehicle supply chain[21]

[FORM 8-K Filing Information](index=1&type=section&id=FORM%208-K%20Filing%20Information) [Registrant Information](index=1&type=section&id=Registrant%20Information) This section provides the basic identification details for the registrant, CROSS TIMBERS ROYALTY TRUST, including its jurisdiction, commission file number, IRS employer identification number, and contact information for its trustee, Argent Trust Company - Registrant: **CROSS TIMBERS ROYALTY TRUST**[2](index=2&type=chunk) - Trustee: **Argent Trust Company**, located at **3838 Oak Lawn Ave, Suite 1720, Dallas, Texas 75219-4518**[2](index=2&type=chunk) | Title of each class | Trading Symbol(s) | Name of each exchange on which registered | | :--------------------- | :---------------- | :---------------------------------------- | | Units of Beneficial Interest | CRT | New York Stock Exchange | [Item 2.02 Results of Operations and Financial Condition](index=2&type=section&id=Item%202.02%20Results%20of%20Operations%20and%20Financial%20Condition) [Monthly Cash Distribution Announcement](index=2&type=section&id=Monthly%20Cash%20Distribution%20Announcement) CROSS TIMBERS ROYALTY TRUST announced a monthly cash distribution to its unitholders of record as of October 31, 2025, via a news release issued on October 21, 2025. This information is furnished, not filed, under Section 18 of the Securities Exchange Act of 1934 - On **October 21, 2025**, the Registrant issued a news release announcing its monthly cash distribution to unitholders of record on **October 31, 2025**[5](index=5&type=chunk) - A copy of the news release is furnished as **Exhibit 99.1**[5](index=5&type=chunk) - The information is furnished pursuant to **Item 2.02 of Form 8-K** and is not deemed 'filed' for purposes of **Section 18 of the Securities Exchange Act of 1934**[6](index=6&type=chunk) [Item 9.01 Financial Statements and Exhibits](index=2&type=section&id=Item%209.01%20Financial%20Statements%20and%20Exhibits) [Exhibits](index=2&type=section&id=Exhibits) This section lists the exhibits accompanying the Form 8-K filing, specifically identifying the news release related to the cash distribution - **Exhibit 99.1**: News Release dated **October 21, 2025**[7](index=7&type=chunk) [SIGNATURES](index=3&type=section&id=SIGNATURES) [Authorization and Signatories](index=3&type=section&id=Authorization%20and%20Signatories) The report is duly signed on behalf of CROSS TIMBERS ROYALTY TRUST by Argent Trust Company, as Trustee, and also includes a signature from Exxon Mobil Corporation - The report was signed on **October 21, 2025**[10](index=10&type=chunk) - Signed by **Nancy Willis**, **Director of Royalty Trust Services** for **Argent Trust Company**, Trustee of **CROSS TIMBERS ROYALTY TRUST**[10](index=10&type=chunk) - Also signed by **Daniel Bates**, **Unconventional Finance General Manager** for **EXXON MOBIL CORPORATION**[10](index=10&type=chunk)

Revenue Performance - Revenue from digital currency mining for the three months ended September 30, 2025, was $82,073,000, a 296% increase from $20,765,000 in the same period of 2024[6] - Total revenue for the six months ended September 30, 2025, reached $132,864,000, compared to $54,889,000 for the same period in 2024, representing a 142% increase[6] - For the six months ended September 30, 2025, HIVE Digital Technologies Ltd. reported a net income of $19,219,000, a significant improvement from a net loss of $18,208,000 in the same period of 2024[8] - The revenue from digital currency mining for the period ended September 30, 2025, was $122,870 million, a substantial increase from $50,401 million in the same period of 2024, representing a growth of approximately 143%[110] - The total revenue from high-performance computing hosting for the period ended September 30, 2025, was $9,994 million, compared to $4,488 million in the same period of 2024, indicating an increase of about 123%[110] Financial Position - Total assets as of September 30, 2025, were $692,971,000, an increase from $531,598,000 as of March 31, 2025[5] - The company’s total equity increased to $624,599,000 as of September 30, 2025, up from $449,137,000 as of March 31, 2025[5] - Digital currencies held by the company decreased to $24,364,000 as of September 30, 2025, from $181,146,000 as of March 31, 2025[5] - Marketable securities increased to $21,815 million as of September 30, 2025, up from $21,016 million on March 31, 2025, reflecting a growth of approximately 3.8%[29] - The net carrying value of property and equipment increased to $464,327 million as of September 30, 2025, up from $202,848 million on March 31, 2025, representing a growth of about 129%[39] Expenses and Losses - The company reported a net loss of $15,797,000 for the three months ended September 30, 2025, compared to a net income of $80,000 in the same period of 2024[6] - Operating expenses for the three months ended September 30, 2025, were $12,671,000, compared to $3,829,000 for the same period in 2024[6] - General and administrative expenses for the three months ended September 30, 2025, were $7,800, compared to $3,381 in the same period of 2024, reflecting a significant increase[94] - Operating and maintenance costs for the three months ended September 30, 2025, totaled $44,065, up from $21,903 in the same period of 2024[95] - Stock-based compensation expense for the six months ended September 30, 2025, was $11,222 million, compared to $2,723 million for the same period in 2024, indicating a significant increase[83] Cash Flow and Investments - Cash flows from operating activities resulted in a net cash used of $(384,000), a notable improvement from $(6,542,000) in the same period last year[8] - HIVE Digital Technologies Ltd. reported net cash used in investing activities of $(108,101,000), compared to $(27,971,000) in the prior year, reflecting increased investment activity[8] - The company ended the period with cash and cash equivalents of $22,643,000, down from $23,375,000 at the beginning of the period[8] - The company recognized non-cash transactions of $201,836 for equipment deposits or purchases paid with BTC during the six months ended September 30, 2025[96] Shareholder Activity - The company issued 38,109,822 shares in a recent offering, raising $68,169,000[7] - The basic loss per share for the three months ended September 30, 2025, was $0.07, compared to $0.00 in the same period of 2024[6] - The Company raised gross proceeds of $117.2 million from the issuance of 53,017,807 shares under the Amended October 2024 ATM Equity Program[79] - The average price per share sold under the Amended October 2024 ATM Equity Program was $2.21 (C$3.03)[79] - The Company issued 15,266,061 shares for gross proceeds of $25.9 million under the October 2024 ATM Equity Program[78] Debt and Liabilities - Current liabilities decreased to $53,614,000 as of September 30, 2025, from $65,957,000 as of March 31, 2025[5] - The company incurred a loan payable of $14.053 million as of September 30, 2025, with a maturity date of December 31, 2035[58] - The Atlantic Term Loans total $11 million, with a current balance of $2.857 million as of September 30, 2025, and an interest rate of 4.39% for Term Loan 1[59][63] - The company is in compliance with the amended required debt service coverage ratio covenant, maintaining a ratio of 1.50:1[63] Market and Operational Insights - The company operates data centers for high-performance computing and cryptocurrency mining, indicating a focus on infrastructure solutions in the digital currency space[9] - The Company operates in one segment with two revenue streams: mining and sale of digital currencies and high-performance computing hosting, with net income as the primary measure of profit or loss[108] - No single customer or related group of customers contributed 10% or more of the Company's total consolidated revenue during the three and six months ended September 30, 2025, indicating a diversified revenue base[111] - The Company has not hedged the conversion of any of its coin sales or future mining of digital currencies, which may expose it to market price volatility[105] Management and Compensation - Key management compensation for the three months ended September 30, 2025, totaled $0.6 million, an increase from $0.3 million in the same period of 2024[74] - The company granted a total of 6,050,000 Restricted Share Units (RSUs) during the year, increasing the balance to 11,389,971 RSUs as of September 30, 2025[90] - The fair value of RSUs granted on April 17, 2025, was C$2.05 per share, and on July 8, 2025, it was C$3.03 per share[88][89] Tax and Contingencies - The Company is facing a contingent VAT liability of approximately $79 million related to assessments from the Swedish Tax Agency, covering the period from December 2020 to December 2024[69] - The Company has not recorded any amounts payable to the Swedish Tax Agency as of September 30, 2025, in connection with the VAT assessments[72]

Share Repurchase and Financial Management - On October 20, 2025, Oramed Pharmaceuticals Inc. repurchased 1,155,367 shares at a price of $2.23 per share, totaling $2,576,468.41[4] - The repurchase agreement reflects the company's commitment to managing its capital structure effectively[4] - The share repurchase and termination of the joint venture are part of the company's strategic adjustments in response to market conditions[4][7] Joint Venture and Strategic Decisions - The company terminated its Joint Venture Agreement with HTIT Biotech due to unmet closing conditions, effective October 23, 2025[7] - The company continues to explore opportunities for market expansion and new product development despite recent challenges[7] Financial Information and Cautionary Notes - Preliminary financial information as of September 30, 2025, was issued in a Shareholder Letter, but it is unaudited and subject to future adjustments[8] - The company cautioned that the financial information provided should not be relied upon for investment decisions, as it may materially vary from actual results[9] - The company has not completed its quarter-end financial close processes, indicating potential changes in reported results[9] - The financial information disclosed is based on management's estimates and assumptions, highlighting the preliminary nature of the data[9] Business Strategy Focus - The company remains focused on its oral drug delivery technology as a core aspect of its business strategy[6]