Teads Holding Co. Announces Second Quarter 2025 Results
Globenewswire· 2025-08-07 10:30
Core Insights - Teads Holding Co. achieved its Q2 guidance on both Ex-TAC gross profit and Adjusted EBITDA, demonstrating strong cash generation and over 80% year-over-year growth in Connected TV (CTV) revenue [1][8]. Financial Performance - For Q2 2025, revenue reached $343.1 million, a 60% increase from $214.1 million in Q2 2024. For the first half of 2025, revenue was $629.5 million, up 46% from $431.1 million in the same period last year [2][6]. - Gross profit for Q2 2025 was $120.3 million, reflecting a 164% increase compared to $45.6 million in Q2 2024. The gross margin improved to 35.1% from 21.3% year-over-year [2][8]. - Ex-TAC gross profit was $144.2 million, a 158% increase from $56.0 million in the prior year period, with an Ex-TAC gross margin of 42.0% [2][8]. - Adjusted EBITDA for Q2 2025 was $27.0 million, up 264% from $7.4 million in Q2 2024 [2][8]. - The company reported a net loss of $14.3 million for Q2 2025, compared to a net loss of $2.2 million in Q2 2024, influenced by acquisition and integration costs [2][8]. Business Highlights - The company repurchased $9.3 million of senior secured notes for approximately $8.0 million in cash, achieving a discount of about 17% [5]. - Teads expects to realize at least $40 million in total synergies in 2025 and $65 million to $75 million in 2026 [5]. - The company expanded its Joint Business Partnerships, signing new agreements with Kia and Zalando, and has over 500 advertisers spending at least $500,000 in the last twelve months, representing about 70% of total customer spend [5][8]. Guidance and Outlook - For Q3 2025, Teads anticipates Ex-TAC gross profit between $133 million and $143 million [7]. - The company aims to generate positive free cash flow for the full year, although it refrained from reaffirming FY 2025 Adjusted EBITDA guidance due to uncertainties related to post-merger integration [9].
Zapp EV Secures Uplisting to OTCQB Venture Market
Globenewswire· 2025-08-07 10:05
Core Points - Zapp Electric Vehicles Group Limited's ordinary shares will begin trading on the OTCQB Venture Market under the ticker symbol ZAPPF starting August 7, 2025 [1] - The OTCQB Venture Market is designed for early-stage companies that adhere to higher reporting standards, enhancing transparency and liquidity for investors [2] - The CEO of Zapp EV emphasized the importance of this uplisting as a means to rebuild trust with investors and improve product visibility while focusing on the supply chain for their i300 model [3] Company Overview - Zapp EV aims to electrify personal urban mobility with its two-wheeler products, featuring modern design and optimized performance [4] - The debut model, i300, is characterized by its sleek design and removable batteries that can be charged from standard outlets [4]
Sono Group N.V. Announces Rebranding of Subsidiary Sono Motors GmbH to “SonoSolar” to Reflect Strategic Focus on Solar Mobility Integration
Globenewswire· 2025-08-07 10:00
New brand highlights transformation into one of the leading providers of solar technology for commercial vehicle manufacturers and fleet operatorsMunich, Aug. 07, 2025 (GLOBE NEWSWIRE) -- The solar technology company Sono Group N.V. (OTCQB: SEVCF) (hereafter referred to as “Sono Group” or “Sono”, parent company to Sono Motors GmbH, hereafter referred to as “SonoSolar” or “Subsidiary”) today announced that its wholly‑owned subsidiary, Sono Motors GmbH, has rebranded as SonoSolar, underscoring its evolution i ...
Targa Resources Corp. Reports Second Quarter 2025 Financial Results
Globenewswire· 2025-08-07 10:00
Core Viewpoint - Targa Resources Corp. reported strong financial results for the second quarter of 2025, with significant increases in net income and adjusted EBITDA compared to the same period in 2024, driven by record transportation volumes and strategic share repurchase programs [2][10][17]. Financial Performance - Net income attributable to Targa Resources Corp. for Q2 2025 was $629.1 million, a 111% increase from $298.5 million in Q2 2024 [2][23]. - Adjusted EBITDA for Q2 2025 was $1,163.0 million, representing an 18% increase year-over-year from $984.3 million in Q2 2024 [2][10]. - Total revenues for Q2 2025 reached $4,260.1 million, a 20% increase from $3,562.0 million in Q2 2024 [21]. Dividend and Share Repurchase - The company declared a quarterly cash dividend of $1.00 per common share for Q2 2025, totaling approximately $215 million to be paid on August 15, 2025 [4]. - Targa repurchased 1.96 million shares at a total cost of $324.3 million during Q2 2025, with $566.2 million remaining under the existing share repurchase program [5][10]. Segment Performance - In the Gathering and Processing segment, adjusted operating margin was approximately flat, driven by strong growth in Permian natural gas inlet volumes, despite lower commodity prices [7][43]. - The Logistics and Transportation segment saw a sequentially flat adjusted operating margin, with record NGL pipeline transportation volumes offset by lower marketing margins [8][50]. Capitalization and Liquidity - Total consolidated debt as of June 30, 2025, was $16,850.5 million, with total consolidated liquidity of approximately $3.5 billion [11][13]. - The company completed a public offering resulting in net proceeds of approximately $1.5 billion, which were used to redeem existing notes and for general corporate purposes [12]. Growth Projects - Targa expects early completion of several projects, including the Pembrook II plant and the Bull Moose II plant, which are anticipated to enhance operational capacity [10][14]. - A 43-mile extension of the Bull Run natural gas pipeline was announced to improve connectivity from Targa's Permian Delaware system to WAHA, expected to begin operations in Q1 2027 [16]. 2025 Outlook - The company estimates full-year 2025 adjusted EBITDA to be between $4.65 billion and $4.85 billion, supported by growth across its Permian G&P footprint [17][18]. - Net growth capital expenditures for 2025 are estimated at approximately $3.0 billion, reflecting the acceleration of several projects [18].
Millicom (Tigo) Q2 2025 Earnings Release
Globenewswire· 2025-08-07 10:00
Core Insights - Millicom reported a decline in revenue for Q2 2025, with total revenue of $1.372 billion, down 5.9% year-over-year, but showed organic growth of 1.9% [4] - The company achieved a significant increase in net profit, reaching $676 million compared to $78 million in Q2 2024, marking a notable improvement [4][6] - Millicom's adjusted EBITDA margin reached a record 46.7%, with nearly half of its operations exceeding a 50% margin [5] Financial Performance - Total revenue for H1 2025 was $2.746 billion, a decrease of 6.8% from H1 2024, with organic growth of 0.2% [4] - Operating profit for Q2 2025 was $357 million, up 3.4% from Q2 2024, while H1 operating profit increased by 16.7% to $780 million [4] - Adjusted EBITDA for Q2 2025 was $641 million, reflecting a 1.1% increase year-over-year, with H1 adjusted EBITDA at $1.277 billion, up 0.9% [4] Capital Expenditures and Cash Flow - Capital expenditures (Capex) for Q2 2025 were $155 million, a 15.1% increase from Q2 2024, with H1 Capex totaling $286 million, up 15.8% [4] - Operating cash flow for Q2 2025 was $487 million, down 2.6% from the previous year, while H1 operating cash flow was $990 million, a decrease of 2.8% [4] - Equity free cash flow (EFCF) for Q2 2025 was $218 million, down 18.8% year-over-year, but H1 EFCF increased by 46.7% to $395 million [4] Strategic Developments - The company signed an agreement to acquire Telefónica's operations in Uruguay and Ecuador, enhancing its market presence [5] - Millicom completed a partial closing of its infrastructure transaction with SBA, generating over $500 million in proceeds, which supported a special interim dividend of $2.50 per share [5][8] - The company aims for a 2025 EFCF target of around $750 million and plans to maintain year-end leverage below 2.5x [6] Subsequent Events - A special interim dividend of $2.50 per share was approved, to be distributed in two installments of $1.25 per share on October 15, 2025, and April 15, 2026 [8] - Millicom hosted a video conference for the global financial community to discuss the Q2 2025 results [8]
Talen Energy Reports Second Quarter 2025 Results, Reaffirms 2025 Guidance
Globenewswire· 2025-08-07 10:00
Financial Performance - Talen Energy Corporation reported a GAAP Net Income attributable to stockholders of $72 million for Q2 2025, a decrease from $454 million in Q2 2024 [7][9]. - Adjusted EBITDA for the second quarter was $90 million, slightly up from $87 million in the same quarter last year [7][9]. - Adjusted Free Cash Flow showed a use of $(78) million, compared to $(29) million in Q2 2024 [7][9]. Operational Highlights - Total generation for Q2 2025 was 7.3 terawatt-hours (TWh), down from 8.2 TWh in Q2 2024, with carbon-free generation contributing 41% [7][10]. - The Fleet Equivalent Forced Outage Factor (EFOF) was reported at 2.3%, while the OSHA Total Recordable Incident Rate (TRIR) was 0.7 [7][10]. Strategic Initiatives - Talen expanded its relationship with Amazon to provide up to 1.9 gigawatts (GWs) of power, supporting AWS operations and exploring new nuclear energy projects [3][12]. - The company announced the acquisition of Freedom Energy Center and Guernsey Power Station, with a net acquisition price of $3.5 billion, expected to be immediately accretive to free cash flow per share by over 40% in 2026 [15][16]. Capacity Auction Results - Talen cleared 6,702 megawatts (MWs) in the 2026/2027 PJM Base Residual Auction at a price of $329.17 per megawatt-day, equating to approximately $805 million in capacity revenues [8][18]. Guidance and Future Outlook - The company reaffirmed its 2025 guidance for Adjusted EBITDA in the range of $975 million to $1,125 million and Adjusted Free Cash Flow between $450 million and $540 million [11][42]. - An Investor Update is scheduled for September 9, where Talen will discuss its 2026 guidance and outlook for 2027/2028 [4]. Balance Sheet and Liquidity - As of August 4, 2025, Talen had total available liquidity of approximately $861 million, including $161 million in unrestricted cash [20]. - The projected net leverage ratio is approximately 2.7x, with a commitment to maintain net leverage targets below 3.5x by year-end 2026 [20]. Index Inclusion - Talen was added to various Russell indices during Q2 2025, which may lead to increased demand for its stock [19].
Perimeter Solutions Reports Second Quarter 2025 Financial Results
Globenewswire· 2025-08-07 10:00
Core Insights - Perimeter Solutions reported a net loss of $32.2 million for the second quarter of 2025, with an adjusted net income of $57.1 million, indicating a significant shift from the previous year's net income of $21.7 million [1][4][27] - The company's adjusted EBITDA for the second quarter increased by 41% to $91.3 million, driven by strong performance in both Fire Safety and Specialty Products segments [1][4][22] Financial Performance - Net sales for the second quarter rose by 28% to $162.6 million compared to $127.3 million in the same quarter last year [4] - Fire Safety net sales increased by 22% to $120.3 million, while Specialty Products net sales surged by 47% to $42.4 million [4] - Year-to-date net sales increased by 26% to $234.7 million, with Fire Safety sales up 27% to $157.4 million and Specialty Products sales up 23% to $77.2 million [4] Earnings Metrics - Loss per diluted share for the second quarter was $0.22, compared to earnings per diluted share of $0.14 in the prior year [4][27] - Non-GAAP adjusted earnings per diluted share increased to $0.39 from $0.25 in the previous year [4][27] - Year-to-date adjusted earnings per share rose to $0.41 from $0.23 in the prior year [28] Segment Performance - Adjusted EBITDA for the Fire Safety segment increased by 40% to $77.7 million, while the Specialty Products segment saw a 48% increase to $13.7 million [4][24] - The Fire Safety segment's strong performance is attributed to its role as a manufacturer of fire management products and services [9] Capital Allocation - The company repurchased 2.9 million shares of common stock at an average price of $11.13 per share during the quarter [12] - In May 2025, the company settled trade secret litigation and acquired related assets for $20 million in cash [12]
INFORMATION REGARDING THE TOTAL VOTING RIGHTS AND SHARES OF KLÉPIERRE SA AS OF JULY 31,2025 (1)
Globenewswire· 2025-08-07 09:30
Company Overview - Klépierre is the European leader in shopping malls, focusing exclusively on continental Europe [3] - The company's portfolio is valued at €20.6 billion as of June 30, 2025, comprising large shopping centers in over 10 countries [3] - Klépierre hosts more than 700 million visitors annually [3] - The company is a French REIT (SIIC) listed on Euronext Paris and included in the CAC Next 20 and EPRA Euro Zone Indexes [3] Voting Rights Information - As of July 31, 2025, Klépierre has a total of 286,861,172 shares [2] - The number of theoretical voting rights is 286,861,172, while the number of exercisable voting rights is 286,357,017 [2][4][5] - Klépierre owns 504,155 of its own shares, which are deprived of voting rights [4]
Share Buyback Transaction Details July 31 – August 6, 2025
Globenewswire· 2025-08-07 08:00
Core Insights - Wolters Kluwer has repurchased 109,700 ordinary shares for €14.5 million at an average price of €132.48 from July 31 to August 6, 2025 [2][3] - The company aims to repurchase shares worth up to €1 billion throughout 2025 as part of its share buyback program announced on February 26, 2025 [3] - Cumulatively, 4,330,891 shares have been repurchased in 2025, totaling €651.4 million at an average price of €150.41 [3] Share Buyback Program - The company has engaged a third party to execute €175 million of buybacks from July 31, 2025, to November 3, 2025, adhering to relevant laws and regulations [3] - Shares repurchased will be held as treasury shares and used for capital reduction through share cancellation [4] Company Overview - Wolters Kluwer reported annual revenues of €5.9 billion in 2024 and operates in over 40 countries, employing approximately 21,900 people [6] - The company is a leader in professional information solutions, software, and services across various sectors including healthcare, tax, accounting, and legal [5]
Trident Drives Engagement for Singapore’s National Day Parade 2025
Globenewswire· 2025-08-07 08:00
Core Insights - Trident Digital Tech Holdings Ltd. is the Principal Partner of Singapore's National Day Parade 2025, promoting the Tridentity GO campaign to celebrate SG60 and connect local merchants with customers [2][8] Group 1: Tridentity GO Campaign - The Tridentity GO campaign is a nationwide digital initiative running from early July to the end of August, offering exclusive deals from over 70 local merchants across various sectors [3][5] - Users can collect digital "stamps" through activities such as logging into the app, answering quiz questions, and redeeming merchant deals, which can lead to prizes and a lucky draw [7][3] - As of mid-campaign, over 60 users have collected 60 stamps and claimed prizes, indicating strong engagement [4] Group 2: Supporting Local Businesses - A primary goal of the Tridentity GO campaign is to spotlight and support Singapore's local merchant community by driving traffic and increasing sales through exclusive SG60 deals [5] - The campaign integrates technology with community spirit, allowing Singaporeans to connect with their heritage and local businesses in a modern way [5][9] Group 3: Company Overview - Trident is focused on digital transformation and Web 3.0 activation, with its flagship product, Tridentity, being a blockchain-based identity platform for secure authentication [10] - The company aims to become a global leader in Web 3.0 enablement, particularly in high-growth markets [10]