Ellomay Capital Announces FER X “NZIA” Tender Award for an RtB 20 MW Solar Project in Piemonte, Italy
Globenewswire· 2025-12-12 11:55
Core Viewpoint - Ellomay Capital Ltd. has successfully secured a tariff for its solar project "Ellomay 14" in Italy, enhancing its commercial presence in the renewable energy sector and ensuring long-term revenue stability through a favorable pricing arrangement [1][4]. Project Details - The Ellomay 14 project has a peak capacity of 20 MWp and is expected to generate approximately 32,200 MWh annually [2]. - The project was awarded an operating fixed price of €68/MWh, with an additional regional supplement of €10/MWh, resulting in a total supported price of €78/MWh [2]. - The award includes a 20-year two-way Contract for Difference (CfD), providing price stability for 80% of the project's total production [3]. Financial Implications - The total expected revenue for the Ellomay 14 project over the 20-year duration of the FER X "NZIA" is approximately €55 million [3]. - The awarded tariff is indexed to the Italian CPI at 100% from the tender publication date until the project's commercial operation date, and 20% indexed to the CPI thereafter, enhancing revenue predictability [3]. Strategic Positioning - This award marks Ellomay's second successful result in the FER X tender process, following the award for the 79.5 MWp Ellomay 11 project [4]. - The company has a diversified portfolio in Italy, including 38 MW of operational projects and 210 MW that have reached Ready-to-Build status [5]. Leadership Insights - The CEO of Ellomay emphasized the importance of the award in reinforcing the company's commercial framework in Italy and its strategy of developing projects that offer stable, long-term value [6].
Clearmind Medicine Successfully Regains Compliance with Nasdaq's Minimum Stockholders' Equity Requirement
Globenewswire· 2025-12-12 11:32
Core Points - Clearmind Medicine Inc. has regained compliance with Nasdaq Listing Rule 5550(b)(1), which requires a minimum stockholders' equity of $2,500,000, as confirmed by a notification letter from Nasdaq on December 10, 2025 [1][2] - The company is under continued monitoring by Nasdaq for compliance with the Minimum Stockholders' Equity Rule, with potential delisting if compliance is not demonstrated in the next periodic report [2] - Clearmind is a clinical-stage biotech company focused on developing novel psychedelic-derived therapeutics to address significant health issues, including alcohol use disorder [3] - The company holds an intellectual property portfolio consisting of 19 patent families and 31 granted patents, with plans to seek additional patents and acquire more intellectual property as needed [4]
Ferrellgas Partners, L.P. Reports First Quarter Fiscal Year 2026 Results
Globenewswire· 2025-12-12 11:30
Core Insights - Ferrellgas Partners, L.P. reported a strong start to fiscal 2026, with operational improvements and successful refinancing efforts contributing to a positive outlook for the winter heating season and the full fiscal year [2][3] Financial Highlights - The company completed financing transactions in October 2025, including redeeming $650 million of Senior Notes due 2026 and issuing $650 million of new Senior Notes due 2031, which strengthened its balance sheet [3] - Revenue for the first fiscal quarter decreased by $8.9 million, or 2%, to $355.2 million, while gross profit remained flat at $195.2 million [4][17] - Adjusted EBITDA decreased by $6.5 million, or 18%, to $29.3 million compared to the prior year quarter, primarily due to increased operating and administrative expenses [5][19] Operational Highlights - Retail sales increased by $0.7 million, driven by a $2.8 million rise in sales to residential and agricultural customers, despite a decrease in wholesale sales due to the absence of significant weather events [4][10] - The retail business experienced a 37% increase in temporary heat tank sets compared to the prior year, indicating strong customer demand [9] - The wholesale business normalized due to a lack of storm-related demand, but the company maintained profitability through disciplined management of production and logistics costs [10] Balance Sheet Overview - As of October 31, 2025, total assets were $1.38 billion, a decrease from $1.42 billion at the end of the previous fiscal year [29] - Current liabilities decreased significantly from $914.5 million to $289.0 million, reflecting improved financial flexibility [29] - Long-term debt increased to $1.45 billion from $815.5 million, indicating a strategic shift in financing [29] Customer and Market Strategy - The company focused on enhancing customer service and retention, particularly in the North Central, Northeast, and Pacific regions, through investments in customer service representatives [9] - Strategic outbound calling campaigns were implemented to capture on-demand customers in preparation for the winter season [9][11]
PhenixFIN Corporation Announces Fiscal Year and Fourth Quarter 2025 Financial Results
Globenewswire· 2025-12-12 11:05
Core Insights - PhenixFIN Corporation reported its financial results for the fiscal year and fourth quarter of 2025, focusing on growing net asset value (NAV) per share and enhancing shareholder value [1][3]. Financial Performance - Total investment income for Q4 2025 was $6.9 million, with $6.7 million from portfolio interest and dividend income, and $0.2 million from fees and other income [4]. - Total net expenses for the quarter were $5.5 million, resulting in a net investment income of $1.4 million [4]. - The company recorded a net realized loss of $0.04 million and a net unrealized gain of $2.2 million during the quarter [4]. Portfolio and Investment Activities - The fair value of the investment portfolio was $302.3 million, consisting of 36 portfolio companies, with one company on non-accrual status valued at $0.0 million [5]. - The company actively managed its portfolio, selling its entire position in First Brands Group at nearly par (95.5) due to a delayed refinancing [3]. Liquidity and Capital Resources - As of September 30, 2025, the company had $7.3 million in cash and cash equivalents, $59.2 million in unsecured notes due 2028, and $90.0 million outstanding under its credit facility [6]. Net Asset Value - The net asset value (NAV) was reported at $160.8 million, or $80.24 per share, as of September 30, 2025, an increase from $79.37 per share a year earlier [8][14]. Yearly Financial Overview - For the fiscal year ended September 30, 2025, total investment income was $25.3 million, up from $22.2 million in 2024 [16]. - Net investment income for the year was $5.1 million, compared to $4.7 million in the previous year [17]. - The company experienced a net increase in net assets resulting from operations of $4.2 million for the year [17].
Bunker Hill Completes The Ranger Page Project Acquisition in Idaho’s Silver Valley and Provides Corporate Update; Advances Exploration in Idaho Leveraging VRIFY’s AI-Enabled Exploration Intelligence Software
Globenewswire· 2025-12-12 11:00
Core Points - Bunker Hill Mining Corp has completed the acquisition of mineral interests from Silver Dollar Resources, consolidating control over a historically productive area in Idaho's Silver Valley mining district [1][2][3] - The acquisition includes a 100% interest in the Ranger-Page mineral interests and a 75% interest in the Government Gulch property, expanding the company's mineral claim package by approximately 1,205 acres [1][2][4] - The total consideration for the acquisition is approximately US$2.4 million, paid in shares of Bunker Hill's common stock [4][5] Acquisition Details - The acquisition enhances Bunker Hill's operational footprint and provides access to an extensive historical geological database, which could extend the operational life of the Bunker Hill Mine [2][3] - The asset purchase agreement includes a structured payment schedule for the shares, with specific release dates for the shares to the vendor [4][5][6] - The transaction is arm's length, and no finder's fee was paid [6] Option Agreements - Bunker Hill has acquired Silver Dollar's position under option agreements with Deadwood Land, LLC and Blackhawk Exploration LLC, allowing for potential future acquisitions of mineral interests [7][8][10] - The Deadwood Option allows Bunker Hill to negotiate for surface rights necessary to support mining operations, with a payment of $1.5 million required before November 17, 2031 [9][8] - The Blackhawk Option includes a 75% interest in the Blackhawk Property, with the potential to acquire the remaining 25% by December 31, 2025 [10][12] AI Integration - Bunker Hill has partnered with VRIFY Technology Inc. to utilize AI and machine learning technology for enhancing exploration efficiency in the expanded Bunker Hill and Ranger-Page Project [14][15] - The integration of VRIFY's DORA software aims to process extensive geological datasets to uncover new patterns and refine exploration targets [15][17] - This AI-assisted approach is expected to accelerate the path from data to discovery, addressing the urgent need for innovation in the mining industry [17][18] Corporate Activities - The company's board of directors has approved an increase in the authorized shares of common stock from 2.5 billion to 3.5 billion, providing greater flexibility for future issuances [23][24][25] - The amendment reflecting the Authorized Share Increase was approved by stockholders representing 53.36% of the company's outstanding voting power [24]
Anna Nord Bjercke resigns as CFO of Statkraft
Globenewswire· 2025-12-12 11:00
Core Insights - CFO Anna Nord Bjercke of Statkraft AS will step down to pursue opportunities outside the company, effective January 1, 2026, with Tone Aastveit Skuterud appointed as acting CFO [1][2][3] Group 1: Leadership Changes - Anna Nord Bjercke joined Statkraft as CFO in January 2024 and has contributed to refining the business strategy, divesting non-core activities, and reducing costs significantly during her tenure [2] - Tone Aastveit Skuterud, the new acting CFO, has extensive experience, having previously held senior management roles at Telenor and served in various capacities at Statkraft for 12 years [1][3] Group 2: Company Performance and Strategy - The company has focused on strengthening its financial robustness and competitiveness amid increased uncertainty in the energy sector, with planned divestments being a key milestone for new investments [3] - Statkraft is recognized as Europe's largest renewable energy producer, with a diverse portfolio that includes hydropower, wind power, solar power, and gas-fired power [6]
Katapult, The Aaron's Company, and CCF Holdings to Combine in All-Stock Transaction
Globenewswire· 2025-12-12 11:00
Core Viewpoint - Katapult Holdings, Inc. has announced a definitive agreement to merge with The Aaron's Company, Inc. and CCF Holdings LLC in an all-stock transaction, aiming to create a premier omni-channel platform for non-prime consumers, enhancing growth potential and financial solutions [1][2][3]. Strategic and Financial Rationale - The merger will create a trusted platform for non-prime consumers to access durable goods and innovative financial solutions tailored to their needs [3]. - The combined company will establish a scaled omni-channel business with approximately 3,000 retail touchpoints and leading digital capabilities [3]. - The financial profile of the combined entity is projected to include over $4 billion in pro forma LTM revenue and approximately $450 million in pro forma LTM Adjusted EBITDA, supporting long-term double-digit Adjusted EBITDA margin potential [3]. - The merger is expected to unlock significant synergies, including enhanced underwriting capabilities and operating efficiencies [3]. Leadership and Governance - The combined company will continue to operate under the Katapult brand, headquartered in Atlanta, Georgia, with Cory Miller as CEO and Russell Falkenstein as CFO [7]. - The board of directors will consist of nine members, including Kyle Hanson as Executive Chair, with a majority being independent [8]. Transaction Details - Upon closing, current Katapult stockholders will own 6% of the combined company, with Aaron's and CCF Holdings stakeholders owning the remainder [5]. - The transaction is expected to close in the first half of 2026, pending stockholder and regulatory approvals [5].
Johnson Outdoors Reports Results for Fiscal Year 2025
Globenewswire· 2025-12-12 11:00
Core Viewpoint - Johnson Outdoors Inc. reported a solid finish to fiscal year 2025, driven by new product successes and strategic investments despite ongoing market uncertainties [2]. Fiscal 2025 Results - Total revenue for fiscal 2025 was $592.4 million, nearly flat compared to $592.8 million in fiscal 2024 [2]. - The company experienced a significant reduction in operating loss, which was $16.2 million in fiscal 2025 compared to $43.5 million in the prior year [3]. - Gross margin improved to 35.1% in fiscal 2025 from 33.9% in the previous year, attributed to better overhead absorption and reduced inventory reserves [3]. - Operating expenses decreased by $20.2 million, primarily due to a prior year goodwill impairment charge and lower promotional spending [4]. Loss Before Income Taxes - Loss before income taxes was $9.3 million in fiscal 2025, an improvement from a loss of $29.9 million in fiscal 2024, mainly due to increased gross margin and reduced operating expenses [5]. Net Loss - The net loss for fiscal 2025 was $34.3 million, or $3.35 per diluted share, compared to a net loss of $26.5 million, or $2.60 per diluted share, in fiscal 2024 [6]. Fourth Quarter Results - In the fourth quarter, net sales were $135.8 million, an increase of $30 million from the same quarter in the prior year [7]. - The operating loss for the fourth quarter was $8.2 million, significantly improved from a loss of $42.8 million in the prior year [7]. - Gross margin improved due to increased sales volumes and lower promotional pricing [7]. Other Financial Information - As of October 3, 2025, the company reported cash and investments of $176.4 million, a $14.4 million increase from the prior year, with no debt on its balance sheet [8]. - Capital spending totaled $16.0 million in fiscal 2025, compared to $22.0 million in fiscal 2024 [8]. Segment Performance - Fishing segment revenue increased by 2% due to new product successes [8]. - Diving sales also rose by 2%, aided by improved market conditions and favorable foreign currency translation [8]. - Camping and Watercraft Recreation revenue decreased by 13%, primarily due to the exit of the Eureka! brand [8].
Finanskalender 2026 og 2027
Globenewswire· 2025-12-12 11:00
Core Points - Brøndbyernes IF Fodbold A/S has announced its financial calendar for 2026 and 2027, detailing key dates for financial reports and annual general meetings [1][2]. Group 1: Financial Reporting Dates - The company plans to release its H1 2025 interim report on February 12, 2026, covering the period from July 1, 2025, to December 31, 2025 [2]. - The annual report for the 2025/26 fiscal year will be published on September 24, 2026, covering the period from July 1, 2025, to June 30, 2026 [2]. - The H1 2026 interim report is scheduled for February 11, 2027, covering the period from July 1, 2026, to December 31, 2026 [2]. - The annual report for the 2026/27 fiscal year will be released on September 23, 2027, covering the period from July 1, 2026, to June 30, 2027 [2]. Group 2: General Meetings - The ordinary general meeting is set for October 20, 2026 [2]. - Another ordinary general meeting is scheduled for October 19, 2027 [2].
HyOrc Positions Green Methanol as the Economic Solution to Shipping’s Decarbonization Challenge
Globenewswire· 2025-12-12 10:04
Core Insights - The key challenge in decarbonizing shipping is finding a cost-competitive fuel solution, as highlighted by industry analysis [1][4] - HyOrc Corporation's green methanol platform offers a high-efficiency, low-CAPEX solution that avoids reliance on expensive inputs like large-scale electrolysis [3][4] - The company's technology allows for the conversion of negative-cost municipal waste into high-purity green methanol, achieving up to a 90% reduction in lifecycle CO2 emissions [4] Company Positioning - HyOrc has secured a 10-year offtake commitment from a major European green fuel producer through its Portuguese joint venture, indicating strong commercial interest [5] - The company is positioned to accelerate the maritime sector's transition to decarbonization by providing a practical, scalable, and economically viable fuel source [5] - HyOrc is preparing for a Nasdaq uplist, with 737 million shares issued and outstanding, and 26.30 million shares at DTC [6]