Sp Mortgage Bank Plc's and Savings Banks Group's Half year financial report for January - June 2025 has been published
Globenewswire· 2025-08-13 05:00
Core Viewpoint - Sp Mortgage Bank Plc and the Savings Banks Group have published their Half-Year Financial Report for January to June 2025, along with the Pillar III Disclosure Report as of June 30, 2025, indicating ongoing financial transparency and regulatory compliance [1]. Group 1: Financial Reports - The Half-Year Financial Report covers the period from January 1 to June 30, 2025, providing insights into the financial performance of Sp Mortgage Bank Plc and the Savings Banks Group [2]. - The Pillar III Disclosure Report as of June 30, 2025, is also made available, which is essential for understanding the capital adequacy and risk management practices of the Savings Banks Group [2]. Group 2: Company Structure and Role - Sp Mortgage Bank Plc is part of the Savings Banks Group and the Savings Banks Amalgamation, playing a crucial role in obtaining funding from money and capital markets [1]. - The bank is responsible for mortgage-secured funding for the Savings Banks Group by issuing covered bonds, highlighting its importance in the financial ecosystem [1].
Central Bank of Savings Banks Finland Plc's and Savings Banks Group's Half year financial report for January - June 2025 has been published
Globenewswire· 2025-08-13 05:00
Central Bank of Savings Banks Finland Plc Stock Exchange Release 13 August 2025 at 8:00 am (CET +1) Central Bank of Savings Banks Finland Plc's and Savings Banks Group's Half year financial report for January-June 2025 and Pillar III Disclosure Report 30 June 2025 has been published. The materials are available at www.saastopankki.fi. CENTRAL BANK OF SAVINGS BANKS FINLAND PLC Additional information: Kai Koskela, Managing Director Savings Banks Union Coop kai.koskela@saastopankki.fi +358 40 549 0430 ...
Lerøy Seafood Group ASA: Invitation to presentation of results for Q2 and first half 2025
Globenewswire· 2025-08-13 04:30
Group 1 - Lerøy Seafood Group ASA will present its Q2 2025 results on 20 August 2025 at Scandic Flesland Airport hotel in Bergen at 08:45 CET during the event "Vestland på Børs" [1] - The presentation will be conducted in Norwegian and will include a Q&A session [1] - The quarterly report and presentation will be published at 06:30 CET on the same day [1] Group 2 - An English recording of the presentation will be available from 13:15 CET on the company's investor website [2] - This information is subject to the disclosure requirements under Section 5-12 of the Norwegian Securities Trading Act [2]
Market environment in Europe remains challenging – Break-even threshold reduced – Feintool demonstrates financial strength and reliability
Globenewswire· 2025-08-13 04:30
Core Insights - The Feintool Group's business performance in the first half of 2025 reflects a challenging market environment in the automotive sector, particularly in Europe, but the company's strategy is showing positive effects [1][3][18] - Sales declined by 14.2% to CHF 334.5 million, with a local currency decline of 11.5% [5][20] - The operating result (EBIT) before one-off costs was CHF -0.8 million, indicating a slight improvement in profitability despite lower sales [6][20] Financial Performance - The Group generated sales of CHF 334.5 million, down CHF 55.5 million or 14.2% from CHF 390.0 million in H1 2024 [5][20] - The reported operating result (EBIT) after one-off costs was CHF -1.9 million, compared to CHF 0.2 million in H1 2024 [6][20] - The net result for the first half of 2025 was CHF -5.0 million, a decline of 56.1% from CHF -3.2 million in the previous year [20] Regional Performance - In Europe, sales were CHF 199.6 million, down 17.5% from CHF 241.8 million in H1 2024, primarily due to weak demand for electric vehicles [9][20] - Sales in the US were CHF 98.0 million, a decrease of 7.3% from CHF 105.7 million in H1 2024, attributed to lower raw material prices and a weak US dollar [15][20] - Sales in Asia were CHF 38.5 million, down 12.5% from CHF 44.0 million in H1 2024, impacted by falling exports from Japan and competition in the Chinese automotive market [12][20] Strategic Initiatives - Feintool's strategy of focusing on three core technologies and a global manufacturing network is proving effective, particularly in fineblanking and forming technologies [3][4] - The company is expanding its presence in Asia, with a new plant in Pune, India, set to start operations in 2026 [14][18] - The restructuring of production for electric motor components in Germany is underway, expected to improve profitability by 2027 [10][11] Market Outlook - The outlook for the second half of 2025 is cautious, with expectations of continued challenges in the European market [18] - Medium-term optimism is based on global megatrends towards low-carbon energy generation and mobility, which present significant opportunities for Feintool's technologies [19][22]
Comstock Prices $30 Million Upsized and Oversubscribed Public Offering of Common Stock
Globenewswire· 2025-08-13 02:45
Core Viewpoint - Comstock Inc. has announced a public offering of 13,333,334 shares at $2.25 per share, aiming to raise approximately $30 million to fund its solar panel recycling facilities and other development initiatives [1][2]. Group 1: Offering Details - The offering consists of 13,333,334 shares priced at $2.25 each, with gross proceeds expected to be around $30 million before expenses [1]. - The company has granted the underwriter a 30-day option to purchase an additional 2,000,000 shares to cover over-allotments [3]. - The offering is expected to close on August 14, 2025, subject to customary closing conditions [2]. Group 2: Use of Proceeds - Net proceeds from the offering will be used for capital expenditures related to the commercialization of the first industry-scale facility for Comstock Metals, development expenses, and general corporate purposes, including debt repayment [2][7]. - The company aims to fully fund its commercialization efforts for its solar panel recycling facilities, each capable of recycling over 3 million panels annually [1]. Group 3: Company Positioning - Comstock has eliminated all outstanding debt and expects to have approximately $45 million in cash on hand, establishing a strong foundation for growth [2][7]. - The company believes its solar panel recycling business is well-positioned to accelerate the commercialization of its technologies and recycling facilities [2]. Group 4: Company Overview - Comstock Inc. focuses on innovating and commercializing technologies that support clean energy systems by extracting and converting under-utilized natural resources into reusable electrification metals from end-of-life photovoltaics [6].
Compass Therapeutics Announces Pricing of Upsized $120 Million Public Offering
Globenewswire· 2025-08-13 02:28
Group 1 - Compass Therapeutics, Inc. announced a public offering of 33,290,000 shares of common stock priced at $3.00 per share, along with pre-funded warrants for 6,710,000 shares priced at $2.9999 each, expecting gross proceeds of approximately $120 million [1][2] - The offering is expected to close on or about August 14, 2025, subject to customary closing conditions, with underwriters granted a 30-day option to purchase an additional 6,000,000 shares [1][2] - The net proceeds will be used for commercial readiness preparations, funding research and clinical development of product candidates, and general corporate purposes [2] Group 2 - Jefferies, Piper Sandler, and Guggenheim Securities are acting as joint active bookrunning managers for the offering, with additional firms serving as lead and co-managers [3] - A shelf registration statement for the securities was filed with the SEC on August 30, 2024, and declared effective on September 6, 2024, with a preliminary prospectus supplement already filed [4] Group 3 - Compass Therapeutics is a clinical-stage biopharmaceutical company focused on oncology, developing proprietary antibody-based therapeutics targeting multiple diseases [6] - The company’s scientific focus includes the relationship between angiogenesis, the immune system, and tumor growth, with a robust pipeline of product candidates designed to target critical biological pathways for effective anti-tumor responses [6]
SPX Announces Pricing of Public Offering of Common Stock
Globenewswire· 2025-08-13 01:18
Core Viewpoint - SPX Technologies, Inc. has announced a public offering of 2,659,575 shares of its common stock at a price of $188.00 per share, aiming to raise approximately $500 million in gross proceeds before expenses [1]. Group 1: Offering Details - The offering consists of shares sold entirely by SPX, with an additional 30-day option for underwriters to purchase up to 398,936 additional shares [1]. - The expected closing date for the offering is around August 14, 2025, pending customary closing conditions [1]. Group 2: Underwriters - BofA Securities, J.P. Morgan, and Wells Fargo Securities are serving as joint book-running managers for the offering [2]. - TD Cowen and Truist Securities are also acting as book-running managers, with several other firms participating as co-managers [2]. Group 3: Regulatory Information - The shares are being offered under an effective automatic shelf registration statement previously filed with the U.S. Securities and Exchange Commission (SEC) [3]. - A prospectus supplement and accompanying prospectus will be filed with the SEC and made available on their website [3]. Group 4: Company Overview - SPX Technologies, Inc. is a diversified global supplier of engineered products and technologies, with a strong presence in the HVAC and detection and measurement markets [5]. - The company is headquartered in Charlotte, North Carolina, and employs over 4,300 people across more than 16 countries [5].
Discovery of Copper Mineralization in 400 Metre Step-Out Drill Hole, Four Kilometres North of the Mount Polley Mill
Globenewswire· 2025-08-13 00:58
Core Viewpoint - Imperial Metals Corporation has reported significant mineralization discoveries at the Mount Polley mine, with notable copper and gold grades identified in a new exploration drill hole, FP-25-01, indicating potential for further exploration and resource expansion [1][3]. Exploration Results - Drill hole FP-25-01 intercepted two significant mineralized zones: - 7.0 metres grading 0.70% copper and 0.27 g/t gold starting at 383.0 metres - 20.0 metres grading 0.25% copper and 0.96 g/t gold starting at 417.5 metres [1][2]. - The hole was drilled 4.15 kilometres north of the operating Mount Polley mill and 1.2 kilometres from the previously mined Wight Pit, known for high copper grade ore [1][2]. Geological Insights - The mineralization is located 390 metres away from the nearest known mineralized hit, suggesting the potential for additional discoveries in the area [3]. - The presence of native copper in the intercept is unique and raises questions about similar mineralization styles nearby [3]. - The mineralized zones extend over a linear distance of more than 1,500 metres along an interpreted structural corridor, indicating a significant geological feature [3]. Future Exploration Potential - The extent of non-copper-gold bearing magnetite breccia below 437.5 metres suggests extensive hydrothermal activity, supporting further exploration in the surrounding area [3]. - Drilling has been suspended temporarily after the results from FP-25-01, with 16 additional drill holes previously designed to expand resources in the gold-rich C2 Zone [6]. Company Overview - Imperial Metals Corporation is based in Vancouver and operates the Mount Polley mine, along with other properties including the Huckleberry mine and the Red Chris mine [8].
Ascot Reports Second Quarter 2025 Results
Globenewswire· 2025-08-12 23:36
VANCOUVER, British Columbia, Aug. 12, 2025 (GLOBE NEWSWIRE) -- Ascot Resources Ltd. (TSX: AOT; OTCQB: AOTVF) (“Ascot” or the “Company”) announces the Company's unaudited financial results for the three and six months ended June 30, 2025 ("Q2 2025"). For details of the unaudited condensed interim consolidated financial statements and Management's Discussion and Analysis for the three and six months ended June 30, 2025, please see the Company's filings on SEDAR+ (www.sedarplus.ca). All amounts herein are repo ...
Cavvy Releases Q2 2025 Financial and Operating Results
Globenewswire· 2025-08-12 23:14
Third Party Processing Growth and Strong Hedging Gain Bolsters Cash Flow, Drives Debt ReductionNot For Distribution to United States News Wire Services or Dissemination in United States CALGARY, Alberta, Aug. 12, 2025 (GLOBE NEWSWIRE) -- Cavvy Energy Ltd. (“Cavvy” or the “Company”) (TSX:CVVY) is pleased to announce the release of its second quarter 2025 financial and operating results. The Company produced 26,064 boe/d and generated Net Operating Income1 (“NOI”) of $26.5 million during the second quarter of ...