Core Viewpoint - Sampo plc is updating its distribution policy to include share buybacks alongside dividends, aiming to enhance shareholder returns while maintaining a strong balance sheet [1][4]. Group 1: Distribution Policy Update - Starting in 2026, Sampo will complement its progressive dividend with share buybacks, which will account for up to one-third of distributions from operating earnings in a typical year [1][4]. - The total volume of capital distributed to shareholders will remain unchanged despite the shift in the mix of capital returned [1][2]. Group 2: Financial Strength and Shareholder Returns - The Board of Directors believes it is appropriate to return around 90% of the Group's operating result to shareholders annually, while increasing the allocation towards share buybacks [2][5]. - Sampo aims to maintain a stable regular dividend per share even in adverse years, ensuring reliable income for shareholders [2][3]. Group 3: Cash Flow and Value Creation - As a leading Nordic and UK retail and SME P&C insurance group, Sampo generates resilient and steadily growing cash flow, which is crucial for shareholder value creation [3]. - The updated distribution policy is designed to provide reliable and growing income through a progressive regular dividend, while also allowing for reinvestment into the Group's long-term prospects via share buybacks [3][4].

Core Viewpoint - The Board of Directors of Jyske Realkredit approved the Annual Report for the financial year 2025 on February 5, 2026, indicating the company's commitment to transparency and accountability in its financial reporting [1]. Group 1 - The announcement includes an invitation for inquiries directed at the CEO, Anders Lund Hansen, providing contact details for further information [1]. - The Danish version of the announcement is stated to prevail, emphasizing the importance of language accuracy in official communications [1]. - The report is accessible through the company's website, indicating a focus on digital transparency and accessibility for stakeholders [1].

Core Insights - Jyske Bank reported a 7% increase in earnings per share to DKK 85 in 2025, surpassing initial expectations of DKK 60-73, driven by higher business volumes, customer inflow, effective cost management, favorable financial markets, and solid credit quality [1][17] - The Group Supervisory Board proposed the highest dividend per share to date of DKK 25 and announced a share buyback program of up to DKK 3 billion [21][7] Financial Performance - Core income remained stable at DKK 13,654 million, while operating expenses increased by 3%, with underlying expenses rising by 1% after adjusting for one-off costs [18][7] - Loan impairment charges significantly decreased to DKK 2 million from DKK 21 million the previous year, reflecting improved credit quality [19][7] - The common equity tier 1 capital ratio was 16.1%, and the total capital ratio was 21.5%, both exceeding regulatory requirements [20][7] Economic and Market Context - The Danish economy and employment are improving, with a rise in housing market activity and controlled inflation, positioning Jyske Bank to support its customers effectively [2] - The bank's strategy, "Potential for more," has been successfully executed, leading to growth in both personal and corporate customer segments [3][10] Customer Satisfaction and Branding - Customer satisfaction has improved, with Jyske Bank ranking 1 among larger corporate customers and being recognized as "Best at Private Banking" for ten consecutive years [4][8] - A new visual identity and brand platform were launched to enhance Jyske Bank's market presence and communication consistency [6] Strategic Initiatives - Jyske Bank launched its first comprehensive climate transition plan in 2025, increasing lending to climate-related activities by DKK 10.8 billion, totaling DKK 138.7 billion or approximately 27% of the Group's lending [11] - The bank has focused on enhancing its mortgage and leasing activities, with Jyske Realkredit increasing lending volumes by 4% and Jyske Finans maintaining a strong position in the leasing market [13][14] Employee Engagement - Employee satisfaction and loyalty have improved, contributing to better customer experiences and overall performance [7][8] - The establishment of a new collaborative workspace for 950 employees in Copenhagen aims to strengthen the bank's presence and foster a professional environment [9]

Core Insights - ArcelorMittal reported resilient financial performance in 2025 despite significant headwinds, with an EBITDA of $6.5 billion and a net income of $3.2 billion, reflecting strong operational improvements and strategic investments [1][4][16]. Financial Performance - In 4Q 2025, sales decreased by 4.4% to $15.0 billion compared to 3Q 2025, primarily due to lower shipments [5][25]. - For the full year 2025, sales decreased by 1.7% to $61.4 billion, driven by a 2.3% reduction in average steel selling prices [16]. - Operating income for 12M 2025 was $3.6 billion, a 9.6% increase from $3.3 billion in 12M 2024, reflecting a positive impact from exceptional items [17]. - EBITDA for 12M 2025 decreased by 7.3% to $6.5 billion, influenced by weaker results in North America and lower contributions from India and Brazil [18]. - The company generated $1.9 billion in investable cash flow over the past 12 months, consistent with the previous year [1][24]. Safety and Sustainability - The company has made significant progress in safety performance, with a lost time injury frequency rate (LTIF) improving to 0.65x in 2025 from 0.70x in 2024 [10][11]. - ArcelorMittal is in the second year of a three-year safety transformation program aimed at establishing a consistent safety culture across the Group [1][11]. Strategic Initiatives - The company is well-positioned to benefit from a balanced and fair European steel market, with expectations of increased domestic demand due to new trade measures [2][8]. - ArcelorMittal is focusing on capturing opportunities in the energy transition, with plans to build renewable energy capacity of 2.8GW by the end of 2028 and expand low carbon-intensity steel production [2][15]. - Strategic growth projects contributed $0.7 billion to EBITDA in 2025, with an additional $1.6 billion anticipated from ongoing projects [2][9]. Capital Management - The Board proposed to increase the annual base dividend to $0.60 per share for FY 2026, reflecting improved earnings [1][53]. - The company repurchased 8.8 million shares for $262 million in 2025, reducing the fully diluted share count by 38% since September 2020 [1][54]. Outlook - The company expects world ex-China apparent steel demand to grow by 2% in FY 2026, with production and shipments anticipated to increase across all regions [4][8]. - Capital expenditures for 2026 are projected to be between $4.5 billion and $5.0 billion, supporting growth initiatives [4].

Core Viewpoint - Merko Ehitus reported a significant decrease in revenue and net profit for 2025 compared to 2024, but proposed a dividend payment reflecting a solid financial position despite the downturn in construction activity [1][9][14]. Financial Performance - In Q4 2025, Merko Ehitus generated revenue of EUR 69 million and a net profit of EUR 3.2 million, while the full year revenue was EUR 311 million and net profit was EUR 39.9 million, marking a 42.3% decrease in annual revenue compared to 2024 [1][10][9]. - The pre-tax profit for 2025 was EUR 44.8 million, with a pre-tax profit margin of 14.4%, slightly up from 14.2% in 2024 [8]. - The net profit margin for 2025 was 12.8%, compared to 12.0% in 2024 [9]. Order Book and Contracts - As of December 31, 2025, the secured order book stood at EUR 466.9 million, an increase from EUR 340.6 million in 2024, with new contracts signed amounting to EUR 362.8 million for the year [11][4]. - In 2025, Merko signed new construction contracts worth EUR 363 million, including significant projects like the Rail Baltica Ülemiste passenger terminal and the Tallinn–Pärnu main line [4][3]. Real Estate Development - The residential real estate market showed improvement, with Merko delivering 358 apartments in 2025, up from 323 in 2024, and launching construction of 894 apartments, a threefold increase compared to the previous year [6][12]. - The revenue from the sale of developed apartments was EUR 67.8 million in 2025, compared to EUR 58.9 million in 2024 [12]. Cash Position and Equity - At the end of 2025, Merko had EUR 41.4 million in cash and cash equivalents, with total equity of EUR 260.6 million, representing 62.8% of total assets [13][17]. - The company's net debt was negative EUR 8.3 million, indicating a strong financial position [13]. Dividend Proposal - The management board proposed a dividend distribution of EUR 22.1 million, equating to EUR 1.25 per share, which reflects a 55% dividend rate for 2025 [14].

Core Viewpoint - Rubis is expanding into the European bitumen market to enhance its distribution activities, focusing on key infrastructure sectors through a strategic lease agreement for the ATPC terminal in Antwerp [1][6]. Group 1: Market Entry and Operations - Rubis has secured a five-year renewable lease for the bitumen storage capacities at the ATPC terminal, which is a leading import terminal in North-West Europe [1][2]. - Since January 1, 2026, Rubis Asphalt has been operating 60,000 tonnes of storage capacity at the ATPC terminal, which supports 24/7 truck-loading operations and serves as a critical supply point for Belgium, the Netherlands, France, and Germany [2][3]. Group 2: Strategic Intent and Market Dynamics - The European bitumen market is characterized by resilient demand and decreasing local production, prompting Rubis to leverage its operational expertise to provide reliable and competitive supply solutions to road construction and waterproofing sectors [3]. - The transition and integration of Rubis' bitumen activities in Europe will occur gradually, with 2026 designated as a key year for this ramp-up [3]. Group 3: Existing Operations and Growth in Africa - Since 2015, Rubis has established a fully integrated bitumen logistics chain, distributing 650,000 tonnes of bitumen in Africa, which supports significant road infrastructure projects [4]. - In 2025, Rubis expanded its bitumen activities in Africa, increasing its stake in Angola and launching operations in Libya, which are crucial for the development and maintenance of road networks across the continent [5]. Group 4: Company Overview and Strategic Vision - Rubis operates in over 40 countries, providing energy and mobility solutions, including bitumen, and employs 4,400 people to deliver critical goods [7]. - The company emphasizes its end-to-end control of the logistics chain, which enhances its ability to meet customer needs reliably and safely [8]. - Rubis has established its leadership through acquisitions and partnerships, focusing on value creation and entrepreneurial growth in new markets [9].

Group 1 - Fagron has obtained regulatory clearance for the acquisition of Vepakum in Brazil and has completed the acquisition of Magilab in Hungary [1][9] - The acquisition of Vepakum will enable Fagron to enter a new vertical in high-quality packaging solutions, providing scale benefits through joint packaging, distribution, and shared services [2] - The acquisition of Magilab strengthens Fagron's position in Hungary's hospital pharmacy segment, which has a high compounding per capita, and supports operational leverage through integration and scale [3] Group 2 - Fagron is a leading global company in pharmaceutical compounding, focusing on personalized medicine delivery to hospitals, pharmacies, clinics, and patients in over 35 countries [5] - The company is based in Nazareth, Belgium, and is listed on Euronext Brussels and Euronext Amsterdam under the ticker symbol 'FAGR' [6]

Economic Overview - Estonia's economy grew modestly by 1% compared to optimistic forecasts at the beginning of the year, with the construction market stabilizing and a slight increase in activity in the second half of the year [1] Company Performance - Nordecon's revenue for 2025 was €208,281 thousand, a decrease of approximately 7% compared to €223,925 thousand in 2024, primarily due to a roughly 10% decline in revenue from the Buildings segment, while the Infrastructure segment grew by 10% [2][22] - The Buildings segment accounted for 81% of total revenue, with no significant change in the revenue breakdown between segments compared to the prior year [2] - The group's gross profit for 2025 was €13,535 thousand, with a gross margin of 6.5%, down from 7.5% in 2024 [8][17] - The operating profit for 2025 was €5,651 thousand, with an EBITDA of €8,250 thousand and an EBITDA margin of 4.0% [10][17] Financial Position - As of 31 December 2025, total assets amounted to €126,700 thousand, an increase from €113,751 thousand in 2024, while total liabilities rose to €97,700 thousand from €87,147 thousand [4][5] - The group's order book grew by 30% to €273,060 thousand, with 69% of the order book comprising work scheduled for 2026 [3][31] Cash Flow - The net cash from operating activities was €1,204 thousand in 2025, an increase from €1,075 thousand in 2024, while investing activities resulted in a net cash outflow of €2,767 thousand [7][13] - Financing activities generated a net cash outflow of €1,194 thousand, significantly lower than the outflow of €4,178 thousand in 2024 [15] Segment Performance - The revenue from the Buildings segment was €168,302 thousand, while the Infrastructure segment generated €39,902 thousand [22] - The largest projects in the Buildings segment included the design and construction of various educational and commercial buildings, while the Infrastructure segment's revenue was primarily from road construction and maintenance [25][30] Geographical Market Performance - Estonia accounted for 98% of the group's revenue, with Ukraine contributing around 2%, primarily from reconstruction projects [19][20]

Oslo, 5 February 2026 – DNO ASA, the Norwegian oil and gas operator, today reported a year-on-year doubling of revenues to USD 1,474 million in 2025, boosted by the June acquisition of Sval Energi Group AS in Norway. Cash from operations also more than doubled to USD 929 million, while operating profit increased to USD 513 million. Net profit stood at negative USD 25 million after deducting income tax and net financial expenses. A major milestone reached late last year was 500 million barrels produced from ...

La Hulpe, Belgium – 5 February 2026, 7:00 a.m. CET - Banqup Group SA (Euronext: BANQ) (Banqup, Company), a leading provider of integrated business communications solutions, today announced two additions to its Executive Committee and a new appointment in Investor Relations. Executive Committee appointments:As Banqup enters the implementation phase of the regulatory wave in key European markets, the company is strengthening its foundations and operational platform for growth. To support this next phase, Ban ...