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Allied Announces Second-Quarter Results
Globenewswire· 2025-07-29 21:12
Core Viewpoint - Allied Properties Real Estate Investment Trust reported encouraging operational results for Q2 2025, with slight increases in leased area, stable average net rent, accelerated non-core property sales, and progress in balance-sheet management [1]. Operations - Allied's portfolio includes three urban workspace formats: Allied Heritage, Allied Modern, and Allied Flex, with strengthened utilization and demand in Q2 2025. The occupied area was 84.9% and leased area was 87.2% at the end of the quarter [2]. - A total of 588,373 square feet of Gross Leasable Area (GLA) was leased in Q2, with 546,437 square feet from the rental portfolio and 41,936 square feet from the development portfolio [3]. - The average in-place net rent per occupied square foot was $25.32, reflecting a 1.0% increase from the previous year. Renewals accounted for 54% of leases maturing in the quarter [4]. Portfolio Optimization and Non-Core Property Sales - The company is finalizing a large multi-city development pipeline initiated in 2012, with significant progress on properties like 150 West Georgia and KING Toronto [5]. - Allied sold seven non-core properties for $229 million last year and plans to sell additional non-core properties for at least $300 million this year to strengthen its balance sheet [7][8]. - In Q2, Allied closed the sale of a non-core property in Edmonton and has nine non-core properties under contract for approximately $200 million [8]. Balance-Sheet Management - As of the end of Q2, Allied had $120 million drawn on its $800 million unsecured revolving operating facility, with expectations to have no draws by year-end [10]. - The company is committed to maintaining access to debt capital markets and managing its balance sheet effectively [10]. Outlook - Management anticipates steady demand for urban workspace and expects Same Asset NOI growth of approximately 2% in 2025, despite a projected contraction in FFO and AFFO per unit by about 4% due to higher interest costs from acquisitions [11]. - Specific operating goals for year-end 2025 include achieving at least 90% occupied and leased area and selling non-core properties at or above IFRS value [12][15]. Financial Measures - For Q2 2025, rental revenue was $145.045 million, a decrease of 1.2% from $146.750 million in Q2 2024. Operating income was $79.950 million, down 3.0% from the previous year [13]. - The net income (loss) for Q2 2025 was $(94.740) million, compared to $28.062 million in Q2 2024, reflecting a significant decline [25]. - Total assets decreased to $10.416 billion from $10.981 billion year-over-year, a reduction of 5.1% [16].
Nova Minerals Quarterly Activities and Cashflow Report – 30 June 2025
Globenewswire· 2025-07-29 21:08
Core Insights - Nova Minerals Limited is advancing its Estelle Gold and Critical Minerals Project in Alaska, focusing on gold and antimony exploration with a significant drilling program [1][6][24] Estelle Project - A 15,000-meter drill program commenced in June 2025, targeting the RPM and Korbel gold deposits and initiating resource estimation at the Stibium prospect for both gold and antimony [6][8] - The Estelle Project encompasses over 20 advanced gold and antimony prospects, including two defined multi-million ounce resources [24] RPM Drill Program - A 10,000-meter drill program at the RPM deposit began in July 2025, aimed at enhancing resource definition and expanding mineralization [6] - Drilling will focus on the eastern strike extension beneath a fractured zone and the high-grade hornfels/intrusive contact, which is known for significant gold mineralization [6][7] Korbel Drill Program - Approximately 2,000 meters of drilling at Korbel will target a potential higher-grade starter pit at Korbel Main, with flexibility to expand into other high-priority targets [4] Surface Sampling Program - A comprehensive regional surface exploration program is underway, including geological mapping and geochemical sampling to identify new high-priority prospects [5] Antimony Assets - The Stibium prospect has commenced a 3,000-meter drilling program to establish a maiden mineral resource estimate for gold and antimony [11] - High-impact results from surface sampling include rock samples with over 30% Sb and gold grades up to 141 g/t [11] U.S. Department of Defense Grant - Nova's application for U.S. Department of Defense funding is in its final stages, which could fast-track the development of the antimony resource at Estelle [9][11] - Successful funding would allow for an expanded drilling program and initial testing at the Styx target [11] Financial Position - As of June 2025, Nova had A$9.08 million in cash and no debt, excluding A$18.4 million raised in a subsequent U.S. offering [11] - Notable cash flow items include A$1.9 million in exploration and evaluation costs and A$432,000 in administration expenses [11] Corporate Developments - The appointment of Mr. Chaim (Dovi) Berger as an Independent Non-Executive Director was announced, bringing extensive experience in corporate law and finance [11]
Kneat to Announce 2025 Second-Quarter Financial Results August 5, 2025
Globenewswire· 2025-07-29 21:06
LIMERICK, Ireland, July 29, 2025 (GLOBE NEWSWIRE) -- kneat.com, inc. (TSX: KSI) (OTC: KSIOF) (“Kneat” or the “Company”) a leader in digitizing and automating validation and quality processes, announced today that the Company will release its financial results for the quarter ended June 30, 2025, after TSX market close on August 5, 2025. Eddie Ryan, Chief Executive Officer and Dave O’Reilly, Chief Financial Officer, along with outgoing CFO Hugh Kavanagh, will host a conference call and Q&A for sell side anal ...
Amplify Energy Schedules Second Quarter 2025 Earnings Release
Globenewswire· 2025-07-29 21:00
Company Overview - Amplify Energy Corp. is an independent oil and natural gas company involved in the acquisition, development, exploitation, and production of oil and natural gas properties [2] - The company's operations are primarily located in Oklahoma, the Rockies (Bairoil), federal waters offshore Southern California (Beta), and East Texas / North Louisiana [2] Upcoming Financial Reporting - Amplify Energy will report its second quarter 2025 financial and operating results after the U.S. financial markets close on August 6, 2025 [1]
Maxus Mining Announces Closing of Private Placement for Gross Proceeds of CDN $3,605,770
Globenewswire· 2025-07-29 21:00
VANCOUVER, British Columbia, July 29, 2025 (GLOBE NEWSWIRE) -- Maxus Mining Inc. (“Maxus” or the “Company”) (CSE: MAXM | FRA: R7V), is pleased to announce that is has closed its non-brokered private placement (the “Offering”) previously announced on June 20, 2025 and has issued 10,302,200 units (each, a “Unit”), at a price of $0.35 per Unit, for aggregate gross proceeds of $3,605,770. Each Unit is comprised of one common share of the Company (each, a “Share”) and one transferable common share purchase warra ...
Sound Financial Bancorp, Inc. Q2 2025 Results
Globenewswire· 2025-07-29 20:56
Core Viewpoint - Sound Financial Bancorp, Inc. reported a net income of $2.1 million for Q2 2025, reflecting a significant increase compared to previous quarters, alongside a cash dividend declaration of $0.19 per share [1][6]. Financial Performance - Net income for Q2 2025 was $2.1 million, or $0.79 diluted earnings per share, compared to $1.2 million, or $0.45 per share in Q1 2025, and $795 thousand, or $0.31 per share in Q2 2024 [1]. - Total assets decreased by $10.9 million, or 1.0%, to $1.06 billion at June 30, 2025, from $1.07 billion at March 31, 2025 [7]. - Loans held-for-portfolio increased by $18.1 million, or 2.0%, to $904.3 million at June 30, 2025, compared to $886.2 million at March 31, 2025 [7]. - Total deposits decreased by $10.9 million, or 1.2%, to $899.5 million at June 30, 2025, from $910.3 million at March 31, 2025 [7][32]. - Net interest income increased by $1.2 million, or 14.7%, to $9.3 million for Q2 2025, compared to $8.1 million for Q1 2025 [7][10]. Credit Quality and Provision for Losses - Total nonperforming loans decreased by $6.3 million, or 65.1%, to $3.4 million at June 30, 2025, from $9.7 million at March 31, 2025 [7][29]. - A provision for credit losses of $170 thousand was recorded for Q2 2025, compared to a release of provision for credit losses of $203 thousand in Q1 2025 [14][18]. - The allowance for credit losses on loans to total loans outstanding was 0.94% at June 30, 2025, compared to 0.95% at March 31, 2025 [31][32]. Noninterest Income and Expenses - Total noninterest income increased by $22 thousand, or 2.0%, to $1.1 million for Q2 2025, compared to Q1 2025 [19][20]. - Total noninterest expense decreased by $249 thousand, or 3.1%, to $7.7 million for Q2 2025, compared to Q1 2025 [7][25]. Capital Management - Stockholders' equity totaled $106.0 million at June 30, 2025, an increase of $1.6 million, or 1.5%, from $104.4 million at March 31, 2025 [34]. - The company maintained capital levels in excess of regulatory requirements and was categorized as "well-capitalized" at June 30, 2025 [7][34].
Firefly Awarded $177 Million NASA Contract for Mission to the Moon’s South Pole
Globenewswire· 2025-07-29 20:44
Core Insights - Firefly Aerospace has been awarded a $176.7 million NASA Commercial Lunar Payload Services (CLPS) contract to deliver five payloads to the Moon's south pole in 2029 [3] - The mission will utilize Firefly's Elytra orbital vehicle and Blue Ghost lunar lander to conduct scientific evaluations of lunar resources and environmental conditions [3][4] - The payloads include two rovers and three scientific instruments aimed at studying the Moon's composition and conditions [5] Group 1: Mission Details - The Blue Ghost Mission 4 will deploy the Blue Ghost lander into lunar orbit, which will operate for over 12 days on the lunar surface [4] - The Elytra Dark transfer vehicle will provide long-haul communications relay during the mission [4][6] - Following the mission, Elytra Dark will remain operational in lunar orbit for over five years to support Firefly's Ocula lunar imaging service [6] Group 2: Payload and Objectives - The payloads include the MoonRanger rover, a Canadian Space Agency rover, and scientific instruments such as a Laser Ablation Ionization Mass Spectrometer (LIMS) and a Laser Retroreflector Array (LRA) [5] - These instruments will help evaluate the Moon's resources, including hydrogen and water, and study the effects of a lander's plume on the lunar surface [5] Group 3: Company Background - Firefly Aerospace is a leading space and defense technology company established in 2017, known for its rapid innovation and successful lunar missions [8] - The company is the only commercial entity to have launched a satellite to orbit with approximately 24-hour notice and achieved a fully successful landing on the Moon [8]
H&R Block to Release Fiscal 2025 Results on August 12, 2025
Globenewswire· 2025-07-29 20:35
Company Overview - H&R Block, Inc. (NYSE: HRB) provides global tax preparation services, financial products, and small-business solutions, blending digital innovation with human expertise [4] Upcoming Financial Results - H&R Block will report its fourth quarter and fiscal 2025 full year results on August 12, 2025, after the market close [1] - A conference call for analysts, institutional investors, and shareholders will take place on the same day at 4:30 p.m. Eastern time to discuss fiscal 2025 results and fiscal 2026 outlook [2] Conference Call Details - Participants must register to join the live conference call, receiving a dial-in number and unique PIN upon registration [2] - The call will also be webcast in a listen-only format for media and the public, with a replay available for 90 days after the event [3]
Silvaco to Acquire Mixel, Inc. a Provider of Low-Power, High-Performance Mixed-Signal Connectivity IP Solutions
Globenewswire· 2025-07-29 20:30
SANTA CLARA, Calif., July 29, 2025 (GLOBE NEWSWIRE) -- Silvaco Group, Inc. (“Silvaco”) (NASDAQ: SVCO), a provider of TCAD, EDA software, and SIP solutions that enable semiconductor design and digital twin modeling through AI software and innovation, today announced that it has entered into a definitive agreement to acquire Mixel Group, Inc. (“Mixel”) for a combination of cash and stock. The acquisition expands Silvaco’s semiconductor IP offering into high-growth end markets, including mobile, automotive, vi ...
Nick Stanage Joins HII Board of Directors
Globenewswire· 2025-07-29 20:30
Core Insights - HII has elected Nick Stanage, former chairman, CEO, and president of Hexcel Corporation, to its board of directors, enhancing its leadership team for future growth [1][2]. Company Overview - HII is a global, all-domain defense provider focused on delivering powerful ships and solutions to support national security [6]. - The company has a history of over 135 years in advancing U.S. national security and is the largest military shipbuilder in the nation [7]. - HII employs a workforce of 44,000 and offers capabilities ranging from ships to uncrewed systems, cyber, ISR, AI/ML, and synthetic training [7]. Leadership Experience - Nick Stanage brings decades of experience in industrial manufacturing, particularly in aerospace, automotive, and construction equipment [2]. - His previous roles include president and CEO of Hexcel Corporation, where he served from 2013 until his retirement in May 2024 [2][4]. - Stanage has also held leadership positions at Honeywell Aerospace and Dana Holding Corporation, focusing on technology, operations, and supply chain management [4]. Educational Background - Stanage holds a Bachelor of Science degree in mechanical engineering from Western Michigan University and an MBA from the University of Notre Dame [5].