VEON 1Q25 Earnings Release: Strong Start to 2025, Digital Revenues Surge 50%, Driving Growth
GlobeNewswire News Room· 2025-05-15 04:04
Core Insights - VEON reported a total revenue growth of 8.9% year-on-year to USD 1,026 million for Q1 2025, with underlying local currency growth at 12.9% [2][9] - EBITDA increased by 13.7% year-on-year to USD 439 million, with a 10.4% increase in underlying local currency terms [4][9] - Direct digital revenue grew significantly by 50.2% year-on-year to USD 147 million, representing 14.3% of total revenues for the quarter [4][9] Financial Performance - The company achieved a year-on-year revenue growth of 8.9% in reported currency and 12.9% in local currency, adjusted for the impact of a cyberattack in Ukraine and the deconsolidation of TNS+ in Kazakhstan [2][3] - EBITDA for the quarter was USD 439 million, reflecting a 13.7% increase in reported currency and a 10.4% increase in underlying local currency terms [4][9] - Total cash and cash equivalents as of March 31, 2025, amounted to USD 1,775 million, with net debt to LTM EBITDA declining to 1.23x [5][9] Capital Expenditure and Outlook - Capex increased by 8.3% year-on-year, with a capex intensity of 13.1% [5] - The company maintains its FY25 outlook, expecting underlying local currency revenue growth of 12% to 14% and EBITDA growth of 13% to 15% [6] Share Buyback Program - VEON commenced the second phase of its share buyback program in March 2025, amounting to up to USD 35 million, following the completion of the first phase [7] Strategic Focus - The company emphasizes disciplined execution and innovation, aiming to enhance customer experiences through technology-driven services [10][11]
Dividend payment ex-date of AS Harju Elekter Group
GlobeNewswire· 2025-05-15 04:00
Dividend Payment Information - AS Harju Elekter Group will close the list of shareholders for dividend payment on 21 May 2025 at the end of the working day of the Nasdaq CSD Estonian settlement system [1] - The ex-date, or the day of change of the rights related to the shares, is set for 20 May 2025, meaning new owners of the shares from that date will not be entitled to dividends for the year 2024 [1] - The company will pay a dividend of 0.15 euros per share on 28 May 2025 [1]
Primega Group Holdings Limited Announces Ticker Symbol Change to ZDAI
GlobeNewswire· 2025-05-15 03:27
Company Overview - Primega Group Holdings Limited is changing its ticker symbol from "PGHL" to "ZDAI" on the Nasdaq Stock Market, effective May 16, 2025, reflecting its evolving identity and strategic vision [1][3] - The company is based in the Cayman Islands and operates through its Hong Kong subsidiary, Primega Construction Engineering Co. Limited, focusing on environmentally friendly transportation services and minimizing construction waste [5] Strategic Focus - Primega Group Holdings Limited is venturing into technological advancements, including hotel marketing software development, digitized supply chain platforms, AI and IoT integration, cloud computing, and intelligent engineering equipment [2] - The new ticker symbol "ZDAI" symbolizes the company's commitment to innovation, growth, and excellence [1][3] Leadership Statement - Tan Yu, Chairman of Primega Group Holdings Limited, expressed excitement about the new ticker symbol, indicating it aligns with the company's corporate objectives and future trajectory, marking an important milestone for growth and success [3]
FDA Provides Seven Years of Orphan-Drug Exclusive Approval for Ryoncil®
GlobeNewswire· 2025-05-15 02:57
Core Insights - Mesoblast has received seven years of orphan-drug exclusive approval from the FDA for Ryoncil (remestemcel-L) to treat steroid-refractory acute graft versus host disease (SR-aGvHD) in pediatric patients aged 2 months and older [1][5] - The FDA's approval grants Mesoblast statutory exclusivity, preventing the approval of other mesenchymal stromal or stem cell products for this indication during the exclusivity period [2] - Mesoblast holds biologic exclusivity that prevents other sponsors from referencing the Ryoncil biologic license application until December 2036, providing a barrier against biosimilar market entry [2] - The company has a strong U.S. intellectual property position on MSC composition, manufacturing, and indications, providing commercial protection against competitors through 2044 [3][7] Company Overview - Mesoblast is a leader in developing allogeneic cellular medicines for severe inflammatory conditions, utilizing proprietary mesenchymal lineage cell therapy technology [4] - Ryoncil is the first FDA-approved MSC therapy for SR-aGvHD in pediatric patients [5] - The company is also developing additional cell therapies for other inflammatory diseases and has established commercial partnerships in Japan, Europe, and China [6] Intellectual Property and Manufacturing - Mesoblast has over 1,000 granted patents or patent applications covering various aspects of MSC technology, expected to provide commercial protection through at least 2044 [7] - The company's proprietary manufacturing processes yield industrial-scale, cryopreserved, off-the-shelf cellular medicines, ensuring availability to patients worldwide [8]
Webcast Alert: Cavco Industries, Inc. Announces Fiscal 2025 Fourth Quarter and Year End Earnings Release and Conference Call Webcast
GlobeNewswire· 2025-05-15 02:16
Core Viewpoint - Cavco Industries, Inc. is set to release its earnings for the fourth quarter and fiscal year ending March 29, 2025, on May 22, 2025, with a subsequent live discussion scheduled for May 23, 2025 [1]. Company Overview - Cavco Industries, Inc. is headquartered in Phoenix, Arizona, and specializes in designing and producing factory-built housing products, primarily distributed through a network of independent and company-owned retailers [3]. - The company is recognized as one of the largest producers of manufactured and modular homes in the United States, based on reported wholesale shipments [3]. - Cavco also leads in the production of park model RVs, vacation cabins, and factory-built commercial structures [3]. - The finance subsidiary, CountryPlace Mortgage, is an approved seller/servicer for Fannie Mae and Freddie Mac, and a Ginnie Mae mortgage-backed securities issuer, offering various mortgage products [3]. - The insurance subsidiary, Standard Casualty, provides property and casualty insurance to owners of manufactured homes [3].
SmartCentres Real Estate Investment Trust Announces Voting Results from Annual Meeting of Holders of Units and Special Voting Units
GlobeNewswire· 2025-05-15 01:22
Core Points - SmartCentres Real Estate Investment Trust held its Annual General Meeting, with a total of 63,447,954 Units and 42,327,173 Special Voting Units represented, accounting for 56.56% of the issued and outstanding Units and SVUs [2] - All items of business were approved by Unitholders, including the election of six trustee nominees proposed by management, with high approval rates for each nominee [2] - PricewaterhouseCoopers LLP was appointed as the auditor, and 98.08% of Unitholders supported the executive compensation approach [2] Voting Results - Janet Bannister received 104,343,846 votes for (99.05%) and 1,005,213 votes withheld (0.95%) [2] - Neil Cunningham received 104,436,343 votes for (99.13%) and 912,715 votes withheld (0.87%) [2] - Garry Foster received 103,669,402 votes for (98.41%) and 1,679,658 votes withheld (1.59%) [2] - Sylvie Lachance received 104,533,859 votes for (99.23%) and 815,202 votes withheld (0.77%) [2] - Sharm Powell received 103,060,730 votes for (97.83%) and 2,288,328 votes withheld (2.17%) [2] - Michael Young received 103,103,254 votes for (97.87%) and 2,245,706 votes withheld (2.13%) [2] Company Overview - SmartCentres is one of Canada's largest fully integrated REITs, with a portfolio of 196 properties and approximately $11.9 billion in assets [4] - The company owns 35.4 million square feet of income-producing retail and office properties, with a 98.4% occupancy rate [4] - SmartCentres operates on 3,500 acres of owned land across Canada [4]
RYVYL Ceases Negotiations to Restructure Pre-funded Asset Sale
GlobeNewswire· 2025-05-15 01:15
Core Viewpoint - RYVYL Inc. has ceased discussions regarding the restructuring of the pre-funded asset sale of its RYVYL EU subsidiary, indicating that the buyer is expected to finalize the sale soon [1] Company Overview - RYVYL Inc. is a leading innovator in payment transaction solutions, focusing on electronic payment technology for international markets [2] - The company was founded in 2017 as GreenBox POS and has developed a suite of turnkey financial products that emphasize security, data privacy, and rapid settlement [2] - RYVYL's platform is capable of logging large volumes of immutable transactional records at internet speed for various partners, merchants, and consumers globally [2]
Freehold Royalties Announces Results from Annual Meeting of Shareholders
GlobeNewswire· 2025-05-15 00:33
CALGARY, Alberta, May 14, 2025 (GLOBE NEWSWIRE) -- Freehold Royalties Ltd. (Freehold or the Company) (TSX:FRU) announced today that all nominees listed in its notice of meeting and information circular dated March 26, 2025 were elected as directors of Freehold at its Annual Meeting of Shareholders (the Meeting) held today. In addition, all other matters considered at the Meeting were approved by Freehold’s shareholders. A replay of the Meeting is available on our website at the below link, under the 2025 An ...
EnWave to Report Second Quarter Financial Results on May 21, 2025 and Host Investor Conference Call
GlobeNewswire· 2025-05-15 00:30
VANCOUVER, British Columbia, May 14, 2025 (GLOBE NEWSWIRE) -- EnWave Corporation (TSX-V:ENW | FSE:E4U) (“EnWave”, or the “Company”) announced today it will report its financial results for the second quarter ended March 31, 2025 on Wednesday, May 21, 2025 after market close. The financial statements and MD&A will be available on SEDAR at www.sedarplus.ca and on the Company’s website in the late evening Vancouver time. The Company has scheduled a conference call to discuss the results for Q2 2025 and busines ...
Nexus Industrial REIT Announces First Quarter 2025 Financial Results
GlobeNewswire· 2025-05-14 23:51
Core Insights - Nexus Industrial REIT has successfully transitioned to a pure-play industrial REIT, with industrial assets now contributing over 99% of its net operating income (NOI) [2][8] - The company reported a 8.6% increase in NOI year-over-year, reaching CAD 32.1 million, driven by acquisitions and growth in industrial Same Property NOI, which increased by 6.6% [8][16] - The REIT anticipates continued growth, with two significant development projects expected to add approximately CAD 6.6 million in annual stabilized NOI upon completion [2][18] Financial Performance - For Q1 2025, property revenues increased to CAD 44.8 million from CAD 41.6 million in Q1 2024 [10] - Net income for the quarter was CAD 33.2 million, down from CAD 43.7 million in the previous year, primarily due to fair value adjustments [10][31] - Normalized FFO per unit increased to CAD 0.187, up CAD 0.022 from the previous year, while Normalized AFFO per unit rose to CAD 0.154, an increase of CAD 0.019 [10][32] Portfolio and Occupancy - The REIT's total portfolio consists of 90 investment properties, with a fair value of CAD 2.47 billion, and a gross leasable area of approximately 11.7 million square feet [13][27] - The industrial occupancy rate increased to 97% from 96% in 2024, indicating strong demand for industrial space [8][13] - The weighted average lease term for the industrial portfolio is 6.8 years, reflecting stability in tenant relationships [13] Development Projects - The REIT is advancing construction on a 325,000 sq. ft. expansion project in St. Thomas, ON, and a 115,000 sq. ft. small-bay industrial complex in Calgary, AB, both expected to be completed in Q3 2025 [8][23] - The expansion project is projected to yield a contractual going-in yield of 9.0% on total development costs of CAD 54.9 million, while the Calgary project is expected to yield approximately 11% on CAD 15.4 million [23] Strategic Initiatives - The company sold 15 legacy retail properties and one office property for total proceeds of CAD 50.9 million, using the proceeds to reduce debt and fund development projects [2][8] - The REIT has renewed over 80% of its expiring gross leasable area (GLA), contributing an additional CAD 2.6 million to NOI in 2025 [4][8]