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Final results for the financial year ended 31 March 2025
GlobeNewswire· 2025-05-21 06:00
Core Viewpoint - FY25 was a milestone year for ICG, achieving significant fundraising and growth in assets under management (AUM) while positioning itself for future growth in challenging market conditions [3][5][23]. Fundraising and AUM - ICG raised $24 billion from its global client base, including the world's largest GP-led secondaries fund and Europe's largest direct lending fundraising [4][35]. - AUM increased from $98.4 billion in FY24 to $112.4 billion in FY25, representing a 14% year-on-year growth [8][9]. - Fee-earning AUM rose from $69.7 billion to $75.1 billion, an 8% increase compared to FY24 [9][10]. Financial Performance - Management fees reached £604 million, up 19% from FY24, while performance fee income increased to £86 million [9][10][54]. - Fund Management Company profit before tax was £461 million, a 23% increase year-on-year [9][10][60]. - Group profit before tax decreased to £532 million, down 11% from the previous year [9][10]. Business Activity - Deployment and realisations were notably higher than the average of the previous four years, with structured capital and secondaries driving deployment [26][11]. - Total deployment for FY25 was $17.5 billion, with realisations amounting to $8.9 billion [11][26]. Strategic Positioning - ICG has established leading positions in structured capital, secondaries, and debt, with a real assets platform poised for growth [5][24]. - The company is focused on maintaining strong investment performance and exploring product innovations to enhance client offerings [31][28]. Medium-Term Guidance - ICG reiterated its medium-term financial guidance, aiming for fundraising of at least $55 billion between April 2024 and March 2028 [12][40]. - The effective management fee rate on fee-earning AUM was 0.97%, reflecting a slight increase from the previous year [55].
Statkraft to sell Enerfín Colombia to Ecopetrol
GlobeNewswire· 2025-05-21 06:00
Statkraft has signed an agreement to sell Enerfín Colombia, its renewables portfolio in Colombia, to the country’s national oil company Ecopetrol. Enerfín Colombia was established in 2016 and is based in Bogotá. The transaction includes staff, eight projects under development, and the 130 MW Portón del Sol solar plant. This plant entered into operation over a year ago and was the first utility-scale solar plant in Colombia. The sale is expected to be completed during the third quarter of 2025, subject to r ...
GOGL – First Quarter 2025 Results
GlobeNewswire· 2025-05-21 06:00
Golden Ocean Group Limited (NASDAQ/OSE: GOGL) (the “Company” or “Golden Ocean”), the world's largest listed owner of large size dry bulk vessels, today announced its unaudited results for the quarter ended March 31, 2025. Highlights Net loss of $44.1 million and loss per share of $0.22 (basic) for the first quarter of 2025, compared to net income of $39.0 million and earnings per share of $0.20 (basic) for the fourth quarter of 2024.Adjusted EBITDA of $12.7 million for the first quarter of 2025, compared t ...
Cabka NV Announces Changes in Supervisory Board
GlobeNewswire· 2025-05-21 06:00
Amsterdam 21 May 2025, 8 AM CEST.Cabka N.V. (together with its subsidiaries “Cabka”, or the “Company”), a company specialized in transforming hard-to-recycle plastic waste into innovative Reusable Transport Packaging (RTP), listed at Euronext Amsterdam, announces that Tova Posner Henkin has decided to resign for personal reasons from her position as member of the Supervisory Board, effective 30 May 2025. The company also announces the interim appointment of Anja Siegesmund to the Supervisory Board, subject ...
TCM Group A/S: Interim report Q1 2025
GlobeNewswire· 2025-05-21 05:50
COMPANY ANNOUNCEMENT No. 207/2025 Tvis, 21 May 2025 Interim report Q1 2025 (January 1 - March 31) (All figures in brackets refer to the corresponding period in 2024) Organic sales growth driven by a recovering B2C market. CEO Torben Paulin:“Sales in the first quarter developed in line with our expectations, with a decline in B2B project sales offset by a robust increase in B2C sales. Total sales for the quarter rose by 5% year-on-year to DKK 308 million, with an organic growth of 4%. Order intake showed p ...
PRESS RELEASE: BIGBEN WEEK 2025: NACON PRESENTS FUTURE GAMES AND ACCESSORIES
GlobeNewswire· 2025-05-21 05:30
BIGBEN WEEK 2025 – NACON PRESENTS FUTURE GAMES AND ACCESSORIES During Bigben week, the Bigben Group's annual showcase event, NACON presents 9 games including Hell is Us and Robocop: Rogue City - Unfinished Business, as well as a selection of new accessories and its first peripherals dedicated to simracing. Paris (France), May 21st 2025 – The 8th Bigben Week kicked off on May 19 in the heart of Paris. Journalists and the company's international partners are invited to take an exclusive look at NACON's catalo ...
ONWARD Medical Advances Brain-Computer Interface Leadership with Fourth and Fifth Successful BCI Implants
GlobeNewswire· 2025-05-21 05:30
Groundbreaking procedures extend ONWARD’s leadership in the rapidly emerging brain-computer interface (BCI) fieldARC-BCI Therapy is designed to restore thought-driven movement after spinal cord injury and other movement disabilitiesONWARD’s BCI breakthroughs were recently featured on CBS 60 Minutes with Anderson Cooper EINDHOVEN, the Netherlands, May 21, 2025 (GLOBE NEWSWIRE) -- ONWARD Medical N.V. (Euronext: ONWD and US OTCQX: ONWRY), the leading neurotechnology company pioneering therapies to restore move ...
CMB.TECH announces Q1 2025 results
GlobeNewswire· 2025-05-21 05:09
Financial Highlights - CMB.TECH reported a net gain of USD 40.4 million or USD 0.21 per share for Q1 2025, a significant decrease from USD 495.2 million or USD 2.46 per share in Q1 2024 [3][6] - EBITDA for Q1 2025 was USD 158.4 million, down from USD 550.5 million in Q1 2024 [3][9] - Revenue for Q1 2025 was USD 235.0 million, slightly down from USD 240.4 million in Q1 2024 [5][61] Corporate Highlights - CMB.TECH acquired Hemen's stake in Golden Ocean, representing approximately 40.8% of Golden Ocean's outstanding shares, for USD 14.49 per share [4][11] - A term sheet for a stock-for-stock merger with Golden Ocean has been signed, which, if approved, would create a combined fleet of over 250 vessels [4][15] - The company added nearly USD 1 billion to its contract backlog, bringing the total to USD 2.94 billion [6][4] Fleet Highlights - CMB.TECH sold three older vessels as part of its fleet rejuvenation strategy, generating a total capital gain of approximately USD 96.7 million [6][23] - Five newbuilding vessels were delivered during the quarter, including the Newcastlemax Mineral Portugal and others [6][25] - CMB.TECH signed agreements for nine ammonia-powered vessels with MOL, marking a significant step towards low-carbon shipping [20][21]
Linyi strengthens trade ties through BRI
GlobeNewswire· 2025-05-21 05:04
Economic Cooperation and Trade Events - A Linyi-Turkey economic and trade matchmaking conference was held in Istanbul, facilitating direct interactions between about 60 Turkish professional buyers and Linyi enterprises, with a total import and export volume of 1.75 billion yuan ($242.38 million) in 2024 [1] - A Linyi-Uzbekistan economic and trade fair took place in Tashkent, showcasing products from 50 outstanding companies from Linyi, emphasizing the city's deepening cooperation with Central Asian countries under the Belt and Road Initiative (BRI) [2] - The establishment of a liaison office of the Linyi Wholesale Merchant Federation in Uzbekistan marks a new stage of institutionalized cooperation between Linyi and Uzbekistan [3] Industry Exhibitions - The Asia-Europe Toys & Baby Industry Expo and the Foreign Trade Factory Exhibition opened in Khorgos, featuring over 500 companies showcasing the latest trends in toys, baby products, and educational products, providing a platform for commercial matchmaking [4] - The 2nd China (Linyi) - Kazakhstan International Commodity Exhibition was held in Almaty, covering an area of 2,000 square meters with 112 premium product enterprises from Linyi displaying high-quality products [5] - The consul general of China in Almaty highlighted the importance of the exhibition for strengthening cooperation between China and Kazakhstan, noting Linyi's role as a logistics capital and a city of commodities [6] Linyi's Market Position - Linyi is recognized as the logistics capital of China, housing 131 specialized wholesale markets, making it the largest market cluster in the country [7] - In 2024, over 2,000 companies from Linyi engaged in economic and trade exchanges in regions such as the Middle East, Central Asia, and Southeast Asia, with total exports to BRI markets reaching 115 billion yuan [7]
Prosafe SE: First-quarter results 2025
GlobeNewswire· 2025-05-21 05:01
Core Viewpoint - Prosafe SE reported a decline in EBITDA for Q1 2025, but maintains high utilization of its fleet and is progressing on new contracts, indicating a focus on operational efficiency and future growth opportunities [1][3]. Financial Performance - EBITDA for Q1 2025 was USD 4.6 million, down from USD 7.2 million in the same period last year [1]. - Revenues decreased slightly to USD 33 million from USD 34 million year-over-year [4]. - Cash flow from operations improved to USD 28.4 million, compared to a negative USD 1.4 million in the previous year [4]. - Capital expenditures (Capex) increased significantly to USD 21.2 million from USD 1.7 million, attributed to the reactivation of vessels [4]. Operations and Contracts - The company had four active vessels during the quarter, with high utilization rates [1][3]. - Safe Notos was recently named the winner of a 4-year tender with Petrobras in Brazil, pending final contract [3]. - Safe Zephyrus has been extended with Petrobras until Q3 2027, and Safe Caledonia is reactivated for a UK contract starting June 1 [4]. Recapitalization and Financial Structure - A recapitalization plan has been agreed upon, equitizing USD 193 million of debt for 90% of the company's shares, supported by lenders [4]. - Existing shareholders will retain 5% ownership and have the option for an additional 5% at EUR 0.01 per share [4]. - The estimated post-recapitalization net debt is projected to be USD 220 million, with expected completion in Q3 2025 [4]. Market Outlook - Ongoing Petrobras tenders indicate strong market fundamentals in Brazil, while North Sea operators are planning future campaigns with a focus on 2027 and beyond [4]. - The increased backlog and improved market conditions position Prosafe for enhanced earnings in the future [4].