Core Insights - The company reported strong first quarter results, with a year-to-date Directional revenue of US$1,103 million, reflecting a 27% increase compared to the same period last year [8][9]. - The Directional backlog stands at US$35.1 billion, supported by firm contracts and inflation protection, with an expected cash generation of US$9.5 billion [3][4]. - A cash dividend of EUR150 million was paid, and a share buyback program of EUR141 million is underway, with a minimum of US$1.7 billion cash return to shareholders expected by 2030 [3][19][20]. Financial Overview - Directional revenue increased to US$1,103 million, up 27% from US$871 million in 1Q 2024, driven primarily by the Turnkey segment [9][10]. - Directional Turnkey revenue reached US$627 million, a 98% increase from US$316 million in the same period last year [10]. - Directional Lease and Operate revenue was US$476 million, down from US$554 million, attributed to the sale of FPSOs Prosperity and Liza Destiny [11]. Project and Operational Update - The company is on track to deliver three major vessels in 2025, with FPSO Almirante Tamandaré achieving first oil in February 2025, and FPSOs Alexandre de Gusmão and ONE GUYANA expected to follow [4][12]. - The Fast4Ward program has successfully ordered ten MPF hulls, with four currently in operation and another four delivered for ongoing projects [15]. - Fleet uptime for the year-to-date was reported at 99.5%, consistent with historical performance [15]. Strategic Initiatives - A strategic collaboration agreement with Microsoft was signed to develop carbon-free floating power solutions, focusing on deploying floating gas-to-power solutions with integrated carbon capture and storage [6][17]. - The company aims to introduce a near zero emission FPSO by the end of 2025, having received "Approval in Principle" from the American Bureau of Shipping for its design [18]. Guidance - The company maintains its 2025 Directional revenue guidance at above US$4.9 billion, with expectations of over US$2.2 billion from the Lease and Operate segment and around US$2.7 billion from the Turnkey segment [21]. - Directional EBITDA guidance for 2025 is also maintained at approximately US$1.55 billion [21].

HIVE Digital Technologies Surpasses 8 EH/s of Bitcoin Hashrate and Secures ASIC Orders to 25 EH/sMay 15, 2025 1:00 AM EDT | Source: HIVE Digital Technologies Ltd.This news release constitutes a "designated news release" for the purposes of the Company's amended and restated prospectus supplement dated May 14, 2025 to its short form base shelf prospectus dated September 11, 2024.San Antonio, Texas--(Newsfile Corp. - May 15, 2025) - HIVE Digital Technologies Ltd. (TSXV: HIVE) (NASDAQ: HIVE) (FSE ...

KUALA LUMPUR, MALAYSIA, May 15, 2025 (GLOBE NEWSWIRE) -- Cyclacel Pharmaceuticals, Inc. (NASDAQ: CYCC, NASDAQ: CYCCP; "Cyclacel" or the "Company"), a biopharmaceutical company developing innovative medicines, today announced its first quarter financial results and provided a business update. “As part of the Company’s efforts to reduce operating costs it has determined to focus on the development of the plogosertib (“plogo”) clinical program only. Accordingly, on March 10, 2025, the Company repurchased certa ...

KUALA LUMPUR, MALAYSIA, May 15, 2025 (GLOBE NEWSWIRE) -- Cyclacel Pharmaceuticals, Inc. (NASDAQ: CYCC, NASDAQ: CYCCP; "Cyclacel" or the "Company"), a biopharmaceutical company developing innovative medicines, today announced its first quarter financial results and provided a business update. “As part of the Company’s efforts to reduce operating costs it has determined to focus on the development of the plogosertib (“plogo”) clinical program only. Accordingly, on March 10, 2025, the Company repurchased certa ...

Gauzy Ltd. (NASDAQ:GAUZ) Q1 2025 Earnings Conference Call May 13, 2025 8:30 AM ET Company Participants Daniel Scott - SVP, IR, ICR Eyal Peso - Co-Founder and CEO Meir Peleg - CFO Conference Call Participants Dan Levy - Barclays Itay Michaeli - TD Cowen Operator Good morning and welcome to Gauzy Limited First Quarter 2025 Earnings Conference Call. Today's call is being recorded and we have allocated one hour for prepared remarks and Q&A. At this time, I would like to turn the conference over to Dan Scott, In ...

The Chinese tech giant Tencent said it has a "pretty strong stockpile of chips" to tide it through America's chip sale restrictions. The company's president, Martin Lau, was speaking to investors during an earnings call on Wednesday when he was asked how Tencent would deal with US chip restrictions.Lau said "it's a very dynamic situation" that Tencent is managing, and it's trying to "figure out the right solution" to make sure its AI strategy "can still be executed." Lau told investors that Tencent can ...

HANGZHOU, China, May 15, 2025 /PRNewswire/ -- ZEEKR Intelligent Technology Holding Limited ("Zeekr Group" or the "Company") (NYSE: ZK), the world's leading premium new energy vehicle group, today announced its unaudited financial results for the first quarter ended March 31, 2025[1].Operating Highlights for the First Quarter of 2025 Total vehicle deliveries were 114,011 units for the first quarter of 2025, representing a 21.1% year-over-year increase. The Zeekr brand delivered 41,403 vehicles, an increase o ...

Lerøy Seafood Group ASA reports a consolidated operational EBIT of MNOK 1 049 for the first quarter of 2025, up from MNOK 842 in the same period last year. OPERATIONAL IMPROVEMENTS NOW VISIBLE IN FARMINGThe Farming segment delivered an operational EBIT of MNOK 789 in the quarter. “This is a strong performance in a quarter marked by significantly lower spot prices for salmon and trout compared to the same period last year. Improvements in genetics, roe and smolt quality, use of shielding technology, and gene ...

SHANGHAI, May 15, 2025 (GLOBE NEWSWIRE) -- On May 12, the 2025 Brand Global Communication Conference was held in Shanghai, highlighting the theme of "Brands bring better future for the world." More than 100 representatives from well-known domestic enterprises, government agencies, and academic institutions gathered to discuss and analyze the going-global of Chinese brands, aiming to enhance the global influence of domestic brands entering overseas markets. A Media Snippet accompanying this announcement is ...

VEON 1Q25 Earnings Release: Strong Start to 2025, Digital Revenues Surge 50%, Driving Growth Dubai, May 15, 2025 VEON 1Q25 Highlights Total revenue growth of 8.9% YoY to USD 1,026 million (12.9% YoY in underlying local currency terms) EBITDA growth of 13.7% YoY to USD 439 million (10.4% YoY in underlying local currency terms) Direct digital revenue growth of 50.2% YoY to USD 147 million (+54.3% YoY in local currency terms), representing 14.3% of revenues for quarterTotal cash and cash equivalents and deposi ...