Workflow
Quantum's big leap puts data centers in the spotlight
CNBC· 2026-02-19 06:02
Core Insights - Quantum computing is approaching a significant breakthrough, with expectations for commercial viability by the end of the decade, particularly in data centers [3][4][10] - Major players like Microsoft, Google, and Amazon are heavily investing in quantum technology, with Microsoft recently unveiling its Majorana 1 quantum computing chip [6][8] - Governments are also increasing investments, with China leading at nearly $18 billion, followed by the EU, indicating a global push towards quantum technology [8] Industry Developments - The implementation of quantum systems is projected between 2028 and 2032, with some analysts suggesting significant advancements as early as 2027 [9][10] - Quantum computers could solve complex problems much faster than classical supercomputers, with potential to perform calculations in 200 seconds that would take conventional machines 10,000 years [11] - Quantum technology may reduce energy demands in data centers, potentially requiring only a fraction of the energy currently used [12][14] Integration Challenges - The integration of quantum systems into existing data center environments will require new infrastructure and industry standards [21][22] - There is a shortage of skilled talent to effectively implement quantum technology in data centers, which could hinder progress [22] - The transition to quantum computing will not completely displace classical computing but will create a hybrid environment where both technologies coexist [18][19] Market Activity - There has been a surge in mergers and acquisitions aimed at enhancing quantum capabilities and controlling supply chains, indicating a strategic positioning within the quantum space [24] - Investment in data center infrastructure is deemed essential for supporting technological advancements over the next decade [23]
Teck Reports Unaudited Fourth Quarter Results for 2025
Globenewswire· 2026-02-19 06:01
Core Insights - Teck Resources Limited reported strong Q4 2025 financial performance, driven by higher copper prices and operational efficiency [2][5] - The company is advancing its merger with Anglo American, with significant shareholder support and regulatory approval [2][6] Financial Performance - Q4 2025 revenue reached CAD 3,058 million, up from CAD 2,786 million in Q4 2024, representing a 9.8% increase [5] - Gross profit for Q4 2025 was CAD 990 million, compared to CAD 542 million in Q4 2024, marking an 82.8% increase [5] - Adjusted EBITDA for Q4 2025 was CAD 1,513 million, a significant increase of CAD 678 million from CAD 835 million in Q4 2024 [6][5] - Profit from continuing operations attributable to shareholders was CAD 544 million, or CAD 1.11 per share, compared to CAD 385 million, or CAD 0.75 per share in Q4 2024 [5][7] Merger and Strategic Developments - The proposed merger with Anglo American is expected to create a top-five global copper company, with annual pre-tax synergies estimated at approximately USD 800 million [6][10] - Shareholders voted overwhelmingly in favor of the merger on December 9, 2025, and received approval from the Government of Canada on December 15, 2025 [6][10] Operational Highlights - At Quebrada Blanca (QB), copper production in Q4 2025 was 55,400 tonnes, an increase of 15,800 tonnes from Q3 2025, marking the strongest quarterly performance of the year [10] - The copper segment generated gross profit before depreciation and amortization of CAD 1.1 billion in Q4 2025, driven by higher copper prices averaging USD 5.03 per pound [6][5] - The zinc segment reported gross profit before depreciation and amortization of CAD 305 million in Q4 2025, slightly down from CAD 320 million in the same period last year [6][5] Safety and Sustainability - The annual High-Potential Incident (HPI) frequency rate improved to 0.06, which is 50% lower than the previous year [6][15] - Teck was recognized as one of Canada's Top 100 Employers for the ninth consecutive year, highlighting its commitment to exceptional human resource programs [15]
Hiab publishes its 2025 annual report and financial statements
Globenewswire· 2026-02-19 06:00
Core Insights - Hiab Corporation has published its 2025 annual report and financial statements, covering the financial year from January 1 to December 31, 2025 [1] Group 1: Financial Overview - The report includes an annual review, financial review, corporate governance statement, and remuneration report [2] - The financial review features the Board of Directors' report, which includes a sustainability statement compiled according to the European Sustainability Reporting Standards (ESRS) [2] - Hiab's total sales in 2025 amounted to approximately EUR 1.6 billion [5] Group 2: Reporting Standards and Compliance - Hiab's financial statements are published in accordance with European Single Electronic Format (ESEF) requirements, with the Board of Directors' report and consolidated financial statements available as an XHTML file [3] - The primary financial statements have been tagged with XBRL tags, and the notes to the financial statements have XBRL block tags [3] - Ernst & Young Oy provided an independent auditor's reasonable assurance report on Hiab's ESEF consolidated financial statements and a limited assurance report on the sustainability statement [3] Group 3: Company Profile - Hiab is a leading provider of smart and sustainable on-road load-handling solutions, with a commitment to delivering the best customer experience [5] - The company operates globally with a network of 3,000 sales and service locations, enabling delivery to over 100 countries [5] - Hiab employs approximately 4,000 people [5]
Aegon reports second half year 2025 results
Globenewswire· 2026-02-19 06:00
Core Insights - Aegon's 2025 results reflect the effectiveness of its strategy, achieving or surpassing all financial targets set during the 2023 Capital Markets Day [3] - The company generated EUR 1.3 billion in operating capital, exceeding its EUR 1.2 billion target, and reported EUR 829 million in free cash flow, aligning with its target of approximately EUR 800 million for 2025 [4][6] Financial Performance - Aegon reported a full-year IFRS operating result of EUR 1.7 billion, marking a 15% increase compared to 2024 [4] - The net result for 2025 was EUR 980 million, a 45% increase from 2024, while the net result for the second half of 2025 was EUR 375 million, down from EUR 741 million in the second half of 2024 [7] - The operating result for the second half of 2025 was EUR 858 million, an 11% increase from the second half of 2024, driven by growth across all business units [7] Capital Management - Aegon returned EUR 1.1 billion to shareholders through dividends and share buybacks in 2025 [6] - A proposed final dividend of 21 eurocents per share for 2025 represents an 11% increase compared to the final dividend of 2024, meeting the target of EUR 0.40 for the full year [6][7] Business Unit Performance - Transamerica's distribution network expanded to over 95,000 licensed agents, achieving a record 30% increase in individual new life sales in 2025 compared to 2024 [5] - The asset management business generated EUR 1.0 billion in net third-party inflows in 2025, while the UK Workplace Platform saw GBP 2.4 billion in net inflows [5] Strategic Focus - Aegon is focused on executing plans outlined at the 2025 Capital Markets Day, including relocating its head office and legal seat to the US [7]
Bigbank's Unaudited Financial Results for Q4 and 12 months of 2025
Globenewswire· 2026-02-19 06:00
Core Insights - Bigbank achieved record high loans to customers of 2.7 billion euros, increasing by 127 million euros (+5%) quarter-on-quarter and 511 million euros (+23%) year-on-year, driven by business and home loan products [1][11] - The total deposit portfolio grew to 2.9 billion euros, with a quarterly increase of 152 million euros (+6%) and an annual increase of 486 million euros (+20%) [2][11] - The net profit for 2025 reached 37.9 million euros, a growth of 5.6 million euros compared to 2024, reflecting a 17% increase [3][11] Loan Portfolio - The business loan portfolio increased by 90 million euros (+10%) to 1.0 billion euros, while the home loan portfolio rose by 47 million euros (+6%) to 820 million euros [1] - The consumer loan portfolio decreased by 24 million euros (-3%) to 854 million euros, primarily due to the sale of a 20 million euro portfolio from the Swedish branch [1] Deposit Portfolio - The term deposit portfolio grew by 86 million euros (+7%) to 1.4 billion euros, and the savings deposit portfolio increased by 54 million euros, also reaching 1.4 billion euros [2] - Current accounts increased by 11 million euros to 20 million euros, with new offerings for corporate customers in Estonia [2] Financial Performance - Interest income for Q4 was 46.9 million euros, an increase of 3.5 million euros (+8%) year-on-year, while interest expense decreased by 0.8 million euros (-4%) [4] - Net interest income rose by 4.3 million euros (+18%) to 27.5 million euros for Q4, and full-year net interest income increased by 3.8 million euros (+4%) to 106.2 million euros [4] Credit Quality - The net expected credit loss allowances decreased by 1.0 million euros year-on-year to 3.6 million euros in Q4, with a 50% reduction for the full year [5] - The volume of stage 3 loans was 118 million euros, accounting for 4.3% of the total loan portfolio, showing a decrease in risk [5] Team and Operational Growth - The number of staff increased by 26 during Q4 and by 79 during the year (+14%), reaching a total of 639 employees [6] - Salary expenses rose to 10.0 million euros in Q4, exceeding the previous year's figure by 1.7 million euros (+20%) [6] Investment Property - The investment property portfolio increased to 84.7 million euros, reflecting a growth of 2.4 million euros during Q4 and 18.3 million euros during the year [7] Equity and Capital Position - Bigbank's equity reached an all-time high of 299.4 million euros, with a return on equity (ROE) of 13.3%, up by 0.8 percentage points from 2024 [8] - The group successfully completed a public Tier 2 bond issue and direct placements of Additional Tier 1 (AT1) instruments, enhancing stability [14] Everyday Banking Services - Bigbank expanded its everyday banking capabilities, launching current account services for retail and corporate customers and introducing a new mobile app [12][13] - By the end of 2025, Bigbank served over 19,000 current account customers across the Baltics, indicating strong customer growth [13]
ForFarmers 2025 results - Record year: 10.6 million tonnes of feed and more than 50% net profit increase
Globenewswire· 2026-02-19 06:00
Core Insights - ForFarmers achieved a record year in 2025 with a total feed volume of 10.6 million tonnes and a net profit increase of 52.5% [1] - The company experienced significant growth due to favorable market conditions, including low raw material prices and high selling prices for milk, eggs, and meat [1] - Strategic initiatives, such as the joint venture with KPS in Poland and the integration of Van Triest, have strengthened ForFarmers' market position [1] Financial Performance - Total volume increased by 18.0% compared to 2024, with a like-for-like growth of 1.0% when excluding acquisitions [6] - Gross profit rose by 17.9% to €611.2 million, contributing to a 44.7% increase in underlying EBITDA to €145.9 million [6] - Underlying net profit attributable to shareholders increased by 52.5% to €61.9 million, with strong net cash flow from operating activities of €148.3 million [6] Market Position and Strategy - ForFarmers is a leading player in Europe with production operations in the Netherlands, Germany, Poland, and the UK, and exports to various countries [5] - The company is focused on strengthening the Dutch poultry value chain through investments and acquisitions [6] - The recent joint venture with KPS Food Group is expected to significantly enhance ForFarmers' position in the growing Polish poultry market [6] Sustainability and Future Outlook - The company is making good progress on CO2 reduction and increasing the share of co-products [6] - Despite volatile market conditions and geopolitical uncertainties, the company remains optimistic about growth opportunities in the European agricultural sector [1]
argenx to Report Full Year 2025 Financial Results and Fourth Quarter Business Update on February 26, 2026
Globenewswire· 2026-02-19 06:00
Company Overview - argenx is a global immunology company focused on improving the lives of individuals suffering from severe autoimmune diseases [3] - The company is known for developing and commercializing the first approved neonatal Fc receptor (FcRn) blocker, with ongoing evaluations of its potential in various serious autoimmune diseases [3] Upcoming Events - argenx will host a conference call and audio webcast on February 26, 2026, at 2:30 PM CET (8:30 AM ET) to discuss its full year 2025 financial results and provide a fourth quarter business update [1] - The live call can be accessed via the Investors section of the argenx website, with a replay available for approximately one year following the presentation [2] Contact Information - Media inquiries can be directed to Ben Petok at bpetok@argenx.com [4] - Investor relations can be contacted through Alexandra Roy at aroy@argenx.com [4]
Full-year results 2025 and strategic update: Strong momentum, accelerating strategic change
Globenewswire· 2026-02-19 06:00
[Ad hoc announcement pursuant to Art. 53 LR] This press release is also available in Français (pdf) and Deutsch (pdf) Follow today's events live09:00 CET Analyst & investor call - video webcast11:00 CET Media Q&A - audio webcastFull details on our website Reports published todayFinancial Statements 2025 (pdf) Annual Review 2025 (pdf) Corporate Governance Report 2025 (pdf) Non-Financial Statement 2025 (pdf) Creating Shared Value at Nestlé 2025: Our impact (pdf) Other language versions available in Publicatio ...
Kinepolis delivered solid results in 2025
Globenewswire· 2026-02-19 06:00
Core Insights - Kinepolis reported solid results for 2025 despite a challenging environment, with a revenue decline limited to -2.3% and a visitor drop of -5.8% compared to the previous year [1] - The adjusted EBITDAL for 2025 was € 128.2 million, reflecting a decrease of -3.4%, while the adjusted net result remained nearly unchanged from 2024 [1] - Excluding negative currency effects, revenue decline was only -0.3%, amounting to € 576.6 million, with adjusted EBITDAL at € 130.2 million, down -1.9% [1] - The start of 2026 is promising due to successful films and strategic acquisitions, positioning Kinepolis well for future growth [1] Financial Performance - Revenue decline of -2.3% in 2025, with a visitor decrease of -5.8% [1] - Adjusted EBITDAL of € 128.2 million, down -3.4% [1] - Adjusted net result remained stable compared to 2024 [1] - Revenue excluding currency effects declined by -0.3% to € 576.6 million [1] - Adjusted EBITDAL excluding currency effects was € 130.2 million, down -1.9% [1] Strategic Developments - Successful refinancing with a new € 160 million revolving credit facility and a public bond issuance of € 150 million [6] - Commitment to premiumization with the addition of new IMAX screens, ScreenX, and Laser ULTRA auditoriums [6] - Renovation of several cinemas, including locations in France and Canada [6] - Acquisition of US-based Emagine Entertainment to enhance market presence [6] - Transition to sustainable laser projection with 75% of screens equipped [6]
VGP NV: Full Year Results 2025
Globenewswire· 2026-02-19 06:00
19 February 2026, 7:00 am, Antwerp, Belgium: VGP NV (‘VGP’ or ‘the Group’), a European provider of high-quality logistics and semi-industrial real estate, today announces the results for the full year ended 31 of December 2025: A pre-tax profit of € 338 million, an increase of € 19 million or 6% versus FY’24. Net asset value growth of 8.3%, up to € 2.6 billion. EPRA NTA is up 9%. EBITDA growth of 28% to € 454.7 million, surpassed only by 2021, which benefited from exceptionally strong logistics demand durin ...