Global Pharmaceutical Packaging Manufacturer Selects Kneat
Globenewswire· 2026-02-19 22:03
Core Insights - Kneat.com, Inc. has signed a Master Services Agreement with a U.S.-based global pharmaceutical packaging and drug-delivery manufacturer, marking a significant partnership in the digital validation and quality process automation sector [1][2] Company Overview - Kneat Solutions specializes in providing digital validation and compliance solutions for highly regulated industries, with its platform Kneat Gx recognized for its efficiency and user-friendly design [6] - The company is fully ISO 9001 and ISO 27001 certified, and its platform is compliant with 21 CFR Part 11/Annex 11, ensuring high standards of regulatory compliance [6] Customer and Market Impact - The new customer operates over 45 manufacturing facilities globally, employing more than 13,000 people across various regions, including the U.S., Europe, Asia, and South America [2] - The initial deployment of Kneat Gx will focus on Commissioning, Qualification, and Validation (CQV) at the customer's lead site, with plans for expansion to all GMP-regulated sites [2] Product Features and Benefits - Kneat's platform is noted for its robust data integrity capabilities, ensuring compliance actions and documented outcomes are fully attributable, traceable, and audit-ready [3] - The platform is designed to support the highest standards of data integrity and compliance, which is increasingly important as life sciences companies modernize their quality systems [4] - Kneat Gx has been shown to reduce man-hours associated with validation documentation by up to 50% and accelerate review and approval cycles by up to 50% [6]
Fairfax Financial Holdings Limited: Financial Results For The Year Ended December 31, 2025
Globenewswire· 2026-02-19 22:02
Core Insights - Fairfax Financial Holdings Limited reported record net earnings of $4,772.4 million for the fiscal year 2025, translating to $213.78 per diluted share, a significant increase from $3,874.9 million ($160.56 per diluted share) in 2024, marking a year-over-year growth of 23.1% in net earnings [1][2][7] - The company achieved a consolidated combined ratio of 93.0%, indicating strong underwriting performance across its insurance and reinsurance segments, with a record underwriting profit of $1.8 billion [2][7] - Investment performance was robust, yielding net gains on investments of $3.2 billion, primarily driven by gains on common stocks and bonds, alongside record interest and dividend income of $2.6 billion [3][10] Financial Performance - Net premiums written in the property and casualty insurance and reinsurance operations rose by 3.9% to $26.6 billion, while gross premiums written increased by 2.3% to $33.6 billion, reflecting growth in new business and modest rate increases [2][7] - The adjusted operating income for property and casualty insurance and reinsurance operations slightly decreased by 2.8% to $4.6 billion, impacted by a reduced share of profit from associates [9] - The company’s float increased by 11.2% to $39.3 billion as of December 31, 2025, compared to $35.4 billion in 2024 [9] Investment and Shareholder Actions - During 2025, the company repurchased 1,006,535 subordinate voting shares for cancellation at a total cost of $1.6 billion, averaging $1,615 per share [3][14] - The total debt to total capital ratio, excluding non-insurance companies, rose to 26.2% from 24.8% in the previous year, primarily due to new unsecured senior notes issued [14] - The company redeemed all of its Series E, F, G, H, I, J, and M preferred shares, resulting in a gain of $187.1 million recognized in the consolidated statement of changes in equity [14] Segment Performance - The property and casualty insurance and reinsurance operations reported an underwriting profit of $1.8 billion, up from $1.79 billion in 2024, with a combined ratio improvement from 92.7% to 93.0% [7][9] - The life insurance and run-off operations experienced an operating loss of $213.7 million, worsening from a loss of $92.1 million in 2024, mainly due to higher adverse prior year reserve developments [9][14] - The non-insurance companies reported increased operating income of $397.4 million, up from $241.4 million in 2024, largely due to the consolidation of Peak Achievement and the acquisition of Sleep Country [14]
First Quantum Files NI 43-101 Technical Report for Taca Taca
Globenewswire· 2026-02-19 22:01
(In United States dollars, except where noted otherwise) TORONTO, Feb. 19, 2026 (GLOBE NEWSWIRE) -- First Quantum Minerals Ltd. (“First Quantum” or the “Company”) (TSX: FM) today announces the filing of a Technical Report (the “Report”) for its Taca Taca project (the “Project”). The Report was prepared in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects ("NI 43-101") with an effective date of December 31, 2025. Taca Taca is a porphyry copper-gold-molybdenum deposit l ...
Eldorado Gold Delivers Strong 2025 Full Year and Fourth Quarter Financial and Operational Results; Significant Free Cash Flow Excluding Skouries and Increased Cash Generated From Operating Activities
Globenewswire· 2026-02-19 22:00
(All amounts expressed in U.S. dollars unless otherwise noted) VANCOUVER, British Columbia, Feb. 19, 2026 (GLOBE NEWSWIRE) -- Eldorado Gold Corporation (“Eldorado” or the "Company”) today reports the Company’s financial and operational results for the fourth quarter and year ended December 31, 2025. For further information please see the Company’s Consolidated Financial Statements and Management’s Discussion and Analysis (“MD&A”) filed on SEDAR+ at www.sedarplus.com under the Company’s profile. Q4 2025 and ...
Northview Residential REIT Announces February Distribution
Globenewswire· 2026-02-19 22:00
Core Viewpoint - Northview Residential REIT announced a cash distribution of C$0.091146 per Unit for February 2026, which annualizes to C$1.09 per Unit, payable on March 16, 2026, to holders of record as of February 28, 2026 [1]. Group 1 - Northview Residential REIT is a publicly traded real estate investment trust established under Ontario law [2]. - The primary purpose of the REIT is to indirectly acquire, own, and operate a portfolio of income-producing rental properties in secondary markets within Canada [2].
Centerra Gold Reports Fourth Quarter and Full Year 2025 Results; Delivered Robust Annual Production and Beat Cost Guidance; 2026 Outlook Remains Strong as Centerra Executes its Self-Funded Growth Strategy
Globenewswire· 2026-02-19 22:00
This news release contains forward-looking information about expected future events that is subject to risks and assumptions set out in the “Cautionary Statement on Forward-Looking Information” below. All figures are in United States dollars. All production figures reflect payable metal quantities and are on a 100% basis, unless otherwise stated. For references denoted with NG, refer to the “Non-GAAP and Other Financial Measures” disclosure at the end of this news release for a description of these measure ...
Liberty Gold Strengthens Executive Team to Support Advancement of Black Pine
Globenewswire· 2026-02-19 22:00
VANCOUVER, British Columbia, Feb. 19, 2026 (GLOBE NEWSWIRE) -- Liberty Gold Corp. (TSX: LGD; OTCQX: LGDTF) (“Liberty Gold” or the “Company”) is pleased to announce the promotion of two senior leaders to Vice President positions, further strengthening the executive team as the Company advances its flagship Black Pine Oxide Gold Project toward development. Susie Bell has been promoted to Vice President, Investor Relations and Corporate Communications, and Matthew Zietlow has been promoted to Vice President, P ...
Middlesex Water Company Reports 2025 Earnings
Globenewswire· 2026-02-19 21:48
Core Viewpoint - Middlesex Water Company reported its financial results for the fourth quarter and year-end 2025, highlighting a decrease in net income compared to 2024, driven by various factors including weather impacts and one-time recoveries in the previous year [3][6]. Financial Performance - Net income for 2025 was $42.8 million, a decrease of $1.5 million from 2024, with diluted earnings per share (EPS) at $2.36 compared to $2.47 in 2024 [3][6]. - Operating revenues for 2025 were $194.7 million, an increase of approximately $2.8 million from 2024, driven by rate increases and customer growth [4]. - Operating expenses increased by $1.7 million in 2025, primarily due to higher depreciation expenses, although operating and maintenance expenses decreased [5]. Quarterly Results - For the fourth quarter of 2025, net income was $8.6 million with diluted EPS of $0.46, compared to $8.8 million and $0.49 in the same quarter of 2024 [6]. Growth Strategy - The company invested approximately $96 million in 2025 to enhance its water and wastewater utility infrastructure [7]. - Plans for 2026 include an investment of approximately $126 million in infrastructure, with a total of $506 million expected from 2026 to 2028 [8]. Regulatory Developments - The New Jersey Board of Public Utilities approved a settlement agreement that will increase annual operating revenues by $14.5 million, with new rates effective February 23, 2026 [10]. - A Resiliency and Environmental System Improvement Charge (RESIC) and a Distribution System Improvement Charge (DSIC) were also approved, allowing for semi-annual surcharge filings for qualifying capital investments [11]. Acquisitions and Dividends - In January 2026, the company acquired the water utility assets of Pinewood Acres for $0.2 million, serving approximately 350 customers [12]. - A cash dividend of $0.36 per common share was declared for the first quarter of 2026, continuing a long history of dividend payments since 1912 [13].
PRU increases Nyanzaga Project Ore Reserves to 4.0Moz
Globenewswire· 2026-02-19 21:45
Core Viewpoint - Perseus Mining Limited has announced a significant increase in the Ore Reserve for the Nyanzaga Gold Project in Tanzania, now totaling 4.0 million ounces (Moz), which is a 73% increase from the previous estimate of 2.3 Moz reported in April 2025 [1][2]. Group 1: Ore Reserve Details - The updated Ore Reserve for the Nyanzaga Gold Project is classified as Probable, based on a total of 90.9 million tonnes (Mt) grading 1.38 grams per tonne (g/t) gold, containing 4.0 Moz of gold [17][18]. - The mine life for the Nyanzaga Gold Project has been extended to 16 years, with 14 years of production expected to exceed 200,000 ounces (koz) per annum [2][8]. - The increase in Ore Reserves is supported by approximately 82,700 meters of drilling aimed at infilling and extending mineralization, converting Inferred Mineral Resources to Indicated [4][9]. Group 2: Production and Financial Metrics - Total gold production over the 16-year mine life is estimated at 3.5 Moz, based on the updated Probable Ore Reserve [5]. - The average All-In Site Cost (AISC) over the life of the mine is projected to be US$1,621 per ounce [14]. - The project is expected to generate an undiscounted free cash flow post-tax of US$2,651 million, with a Net Present Value (NPV) of US$864 million at a 10% discount rate and an Internal Rate of Return (IRR) of 28.8% post-tax [14]. Group 3: Mineral Resource Estimate - The combined Measured and Indicated Mineral Resource for the Nyanzaga Gold Project is estimated at 110.4 Mt grading 1.33 g/t Au, containing 4.7 Moz of gold, with an additional 6.5 Mt classified as Inferred Mineral Resources [9][11]. - The mineralization is concentrated in two deposits: Tusker and Kilimani, with significant contributions from both areas [9][12]. Group 4: Tenement and Ownership Structure - Perseus Mining holds an 80% interest in the Nyanzaga Gold Project, with the Government of Tanzania owning a 20% non-contributing interest [8][12]. - The project is supported by a Special Mining Lease and several granted prospecting licenses, ensuring a stable tenure for operations [12][13].
PRU H1 FY26 Results Announcement
Globenewswire· 2026-02-19 21:45
Perth, WA, Feb. 20, 2026 (GLOBE NEWSWIRE) -- PERSEUS MINING REPORTS US$185.5 MILLION PROFIT AFTER TAX FOR H1 FY26 AND INCREASES INTERIM DIVIDEND BY 100% TO AUD 5.0 CENTS. Mid-tier, gold producer, developer and explorer, Perseus Mining Limited (ASX/TSX: PRU) is pleased to report material improvements across all key financial metrics including revenue, EBITDA, profit after tax, operating cash flow and net cash position in its Interim Financial Report for the six months ending 31 December 2025 (H1 FY26). HIGHL ...