Financial Performance - The Bank of Greenland reported a profit before tax of DKK 84.4 million for the first half of 2025, down from DKK 120.1 million in the same period of 2024, resulting in a return of 11.6% p.a. on opening equity after dividend disbursement [1] - Profit before value adjustments and write-downs decreased to DKK 94.7 million from DKK 127.5 million year-over-year, influenced by declining interest rates [1] Lending and Guarantees - Lending increased by DKK 138 million since the end of 2024, totaling DKK 5.169 million at the end of the first half of 2025, with expectations of subdued growth in lending due to Greenland's economic development [2] - Guarantees slightly decreased by DKK 1 million, from DKK 1.423 million at the end of 2024 to DKK 1.422 million at the end of the first half of 2025 [2] Expenses and Value Adjustments - Total expenses, including depreciation, rose to DKK 128.4 million in the first half of 2025, compared to DKK 117.5 million in the same period of 2024 [3] - Value adjustments showed a capital gain of DKK 4.3 million, an increase from DKK 3.9 million in the previous year [3] Impairments and Solvency - Impairments of loans and guarantees amounted to DKK 14.5 million in the first half of 2025, up from DKK 11.2 million in the same period of 2024, with write-downs and provisions representing 0.2% of total lending and guarantees [4] - The solvency ratio was reported at 25.5%, exceeding the capital requirement of 10.5% [4] Forecast - The forecast for profit before tax for 2025 remains unchanged, with an expected range of DKK 150-185 million [4]

Financial Performance - The company reported net income of US$226.0 million or US$0.79 per share for the six months ended June 30, 2025, a significant recovery from a net loss of US$(655.9) million or US$(2.30) per share for the same period last year [2][6] - Gross profit for the six months ended June 30, 2025, was US$558.3 million, representing 26.8% of revenues, down from US$752.5 million or 31.6% of revenues for the same period in 2024 [3][6] - Total revenues for the six months ended June 30, 2025, were US$2,079.3 million, a decrease of 12.6% compared to US$2,378.1 million reported for the same period in 2024 [3][6] Quarterly Results - For the second quarter of 2025, net income was US$88.4 million or US$0.31 per share, a decrease of 58.6% from US$213.6 million or US$0.75 per share in the second quarter of 2024 [4][6] - Gross profit for the second quarter of 2025 was US$253.6 million, down 34.0% from US$383.9 million in the second quarter of 2024 [4][6] - Revenues for the second quarter of 2025 totaled US$1,042.7 million, a decrease of 19.4% compared to US$1,293.6 million for the same quarter in 2024 [4][6] Market Conditions and Operations - The CEO noted that the company faced lower lithium market prices in the second quarter, impacting contract volumes and total sales [5] - Despite the challenges, the company expects sales volumes from its Salar de Atacama operations to grow by approximately 10% compared to the previous year [5] - The Kwinana refinery in Australia, a joint venture with Wesfarmers, has completed construction and achieved first product production, with a ramp-up period expected to take 18 months [5]

Financial Performance - The consolidated revenue of AB Akola Group for the 2024/2025 financial year exceeded EUR 1,580 million, representing a 4.9% increase year-over-year [1][3] - Consolidated EBITDA for the twelve months amounted to EUR 111 million, marking a 51.5% increase year-over-year, while net profit increased by 51.4% to EUR 62.6 million [2][3] - The fourth quarter revenue reached EUR 414 million, an 8.6% increase from EUR 381 million in the previous year, with net profit rising to EUR 31 million from EUR 10 million [3][4] Segment Performance - The 'Food Production' segment generated EUR 449.1 million in revenue, with operating profit increasing by 95.6% to EUR 40 million [5] - The poultry business significantly contributed to the Group's success, with gross profit soaring by 103% to EUR 68.9 million due to favorable market conditions [6][8] - The 'Partners for Farmers' segment generated EUR 1,151.3 million in revenue, with gross profit reaching EUR 92.6 million, showing improvement over the previous year [11] Agricultural Operations - The 'Farming' segment generated EUR 47.6 million in revenue, a 9.3% increase compared to the previous year, with gross profit at EUR 12.9 million [15] - The agricultural companies harvested 3% more than the previous year, driven by strong winter crop yields, despite weaker summer crops due to drought [16] Market Trends - Consumer preference for sustainable protein sources is rising, while alternative protein prices remain elevated [7] - The EU broiler production costs have remained stable or slightly lower, suggesting improved producer margins [8] - There is a growing appreciation for higher quality poultry meat raised without antibiotics in Lithuania and Latvia, although competition is intensifying [9] Other Business Activities - The 'Other Products and Services' segment generated EUR 20.8 million in revenue, with a gross profit of EUR 4.1 million, but recorded an operating loss of EUR 400 thousand [17] - Pet food sales volumes declined by 11%, while veterinary pharmaceutical revenue increased by 19% [18]

Core Insights - AKVA group achieved record high quarterly revenue of MNOK 1,167 in Q2 2025, a 15% increase from Q2 2024 [1] - EBITDA rose from MNOK 110 in Q2 2024 to MNOK 145 in Q2 2025, indicating improved profitability [1] - Total order intake reached BNOK 1.1 in Q2 2025, up from MNOK 888 in Q2 2024, with a backlog of BNOK 2.7 at the end of June 2025 [1][2] Financial Performance - Sea Based (SB) revenue for Q2 2025 was MNOK 868, up from MNOK 842 in Q2 2024, with EBITDA and EBIT margins improving to 14.3% and 9.7% respectively [3] - Land Based (LB) revenue increased significantly to MNOK 264 from MNOK 137, with a notable rise in order intake to MNOK 316 compared to MNOK 149 in Q2 2024 [5] - Digital (DI) segment maintained revenue at MNOK 35, with improved EBITDA margin of 21.9% [5] Regional Performance - Nordic region revenue increased to MNOK 676 in Q2 2025 from MNOK 602 in Q2 2024, while the Americas region saw a decline to MNOK 114 from MNOK 156 [4] - Europe and Middle East (EME) revenue decreased slightly to MNOK 78 from MNOK 84 in the same period [4] Order Backlog and Contracts - The order backlog at the end of Q2 2025 was MNOK 2,712, with 60% related to Land Based projects [10] - New land-based contracts were signed with Laxey, valued at approximately MEUR 20 and MEUR 8.5, contributing to high activity levels [2] Balance Sheet and Cash Position - Working capital as a percentage of rolling revenue improved to 9.4% from 10.4%, with cash and unused credit facilities totaling MNOK 473 [7] - Total assets and equity were MNOK 4,217 and MNOK 1,327 respectively, resulting in an equity ratio of 31.5% [7] Future Outlook - The company anticipates continued strong momentum in deep farming concepts, targeting a minimum revenue of BNOK 4.0 and EBIT of 6% for 2025 [11] - Ongoing investments are planned to enhance solutions across Sea Based, Land Based, and Digital segments [11] Dividend Announcement - The company has declared a dividend of NOK 1 per share for the second half of 2025, aiming to maximize shareholder returns [9]

Group 1 - Shauna McIntyre has been appointed as the new CEO of Ensurge Micropower ASA [1] - The company has established a new Board of Directors [1] - Ensurge has successfully completed two comprehensive battery evaluations for a customer as part of its initial delivery order [1] - The manufacturing process has progressed from individual sheet-based production to roll-to-roll (R2R) production in front-end cell manufacturing [1] - There is ongoing technology cooperation with a Fortune 500 company [1] - An additional evaluation agreement has been signed with a medical device company [1] - The company is progressing Joint Development Agreements (JDAs) with Evaluation Partners to fund technological development [1] - Future quarterly reports will be presented by CEO Shauna McIntyre either in person or via webcast [1] Group 2 - Ensurge is focused on developing ultrathin, flexible, reliable, and fundamentally safe solid-state lithium microbatteries [2] - The company employs a workforce of forty specialists based in Silicon Valley [2] - The microbattery technology is suitable for applications in hearables, digital and health wearables, sports and fitness devices, and IoT sensor solutions [2] - Ensurge's manufacturing facility combines patented process technology and materials innovation with roll-to-roll production methods [2] - The company aims to outsource production of resulting intellectual property (IP) to specialized partners for efficient scaling [2] - Ensurge is listed on the Norwegian stock exchange and is financed by strong financial investors, indicating strategic investment and robust transatlantic collaboration [2]

Core Insights - The Group's financial results for the first half of 2025 show resilient performance and strategic progress, aligning with management expectations during a two-year transition period [2][11][32] - The net loan book increased by 1.2% to £25.4 billion, supported by a 10% growth in originations to £2.1 billion [6][12][54] - Profit before tax decreased by 20% to £192.3 million, primarily due to lower net interest income and a fair value loss on financial instruments [13][39] Financial Performance - Net interest income was £337.0 million, down 5% from £353.5 million in H1 2024, with a net interest margin (NIM) of 230 basis points [6][41] - Administrative expenses rose to £131.4 million, a 4% increase from £126.2 million in H1 2024, leading to a cost-to-income ratio of 40.3% [6][46] - Return on tangible equity (RoTE) was 13.7%, down from 17.4% in the prior period [6][17] Loan Book and Originations - The Group's loan book diversification strategy continued, with significant growth in originations across Commercial, Asset Finance, Residential Development, and Bridging segments [4][19] - Buy-to-Let lending remained the largest segment, accounting for 69% of the total gross loan book, down from 70% at the end of 2024 [21][70] - Total originations for H1 2025 reached £2.1 billion, a 10% increase compared to £1.9 billion in H1 2024 [6][76] Capital and Liquidity - The Common Equity Tier 1 (CET1) capital ratio was strong at 15.7%, down from 16.3% at the end of 2024 [6][60] - Retail deposits increased by 3% to £24.6 billion, contributing to the repayment of £730 million of TFSME funding [6][55] - The Group's liquidity coverage ratio was 167%, significantly above the regulatory minimum [56][58] Dividend and Shareholder Returns - An interim dividend of 11.2 pence per share was declared, representing a 5% increase from 10.7 pence in H1 2024 [6][52] - The Group's strategy aims to support both net loan book growth and further capital returns to shareholders [31][35]

Core Viewpoint - Kenmare Resources plc reported its Half-Yearly Financial Report for H1 2025, highlighting a 3% increase in mineral product revenue, challenges with operating costs, and ongoing negotiations with the Government of Mozambique regarding the renewal of the Moma Implementation Agreement [1][2][4][5]. Financial Performance - Mineral product revenue reached $159.6 million in H1 2025, up 3% year-on-year, driven by stronger shipments and a higher average price received [6][55]. - Adjusted EBITDA was $47.2 million, down 25% year-on-year, with a margin of 30% [6][55]. - The company recognized a non-cash impairment loss of $100.3 million due to lower projected future revenue assumptions [6][55]. - Adjusted profit after tax was $6.1 million, down 71% year-on-year [6][55]. - Cash operating costs increased to $248 per tonne, up 14% year-on-year, primarily due to higher direct operating costs [6][63]. Operational Highlights - HMC production was 670,600 tonnes, up 2% year-on-year, while total finished product production increased to 500,800 tonnes, also up 2% year-on-year [24][28]. - Total shipments in H1 2025 were 488,900 tonnes, reflecting a 2% increase year-on-year [32]. - The company is on track to achieve its 2025 production and cost guidance, with expectations for stronger shipments in H2 2025 [3][26][82]. Market Dynamics - Demand for Kenmare's ilmenite remains strong, supported by a stable global pigment market and growth in the titanium metal market [11][50]. - Ilmenite prices in H1 2025 were marginally below those of H2 2024, while the average price received per tonne was $326, up 1% year-on-year [50][60]. - The zircon market remains subdued, with demand negatively impacted by the substitution of zircon for lower-cost materials [53]. Capital Projects - The Wet Concentrator Plant A upgrade project is progressing well, with $208 million spent by the end of H1 2025, representing 60% of the total project budget of $341 million [3][36][81]. - The company plans to increase development capital expenditure guidance for 2025 from $150 million to $165 million due to updated expenditure phasing [3][36]. Corporate Developments - Kenmare has been in negotiations with the Government of Mozambique for nearly three years regarding the renewal of the Moma Implementation Agreement, expressing concerns over the prolonged process [5][20][23]. - The company appointed James McCullough as the new Chief Financial Officer on 1 May 2025, bringing extensive experience from Rio Tinto Plc [46].

Core Viewpoint - EHang Holdings Limited, a leader in Urban Air Mobility technology, is set to release its unaudited financial results for Q2 2025 on August 26, 2025, before the U.S. market opens [1]. Financial Results Announcement - The unaudited financial results for the second quarter ended June 30, 2025, will be announced on August 26, 2025 [1]. - An earnings conference call will be hosted by EHang's management team at 8:00 AM U.S. Eastern Time on the same day [2]. Conference Call Details - Participants must complete an online registration process to join the conference call, receiving email instructions with dial-in information and a PIN number [2]. - A live and archived webcast of the conference call will be available on the Company's Investor Relations website [3]. Company Overview - EHang is recognized as the world's leading Urban Air Mobility technology platform, focusing on safe, autonomous, and eco-friendly air mobility solutions [4]. - The company provides unmanned aerial vehicle systems for various applications, including passenger transportation, logistics, smart city management, and aerial media solutions [4]. - EHang's flagship product, the EH216-S, has received the world's first type certificate, production certificate, and standard airworthiness certificate for pilotless eVTOL from the Civil Aviation Administration of China [4]. - In 2025, EHang's eVTOL operators were granted the first batch of Air Operator Certificates for human-carrying pilotless eVTOL flight services for mass consumers [4].

Core Insights - Total freight volumes in July 2025 reached 3.6 million lane metres, representing a 3.4% increase compared to 2024, with a 1.2% increase when adjusted for route changes [1] - The total transported freight lane metres for the last twelve months increased by 3.2% to 41.6 million from 40.3 million in the previous year [2] - The number of passengers in July 2025 was 719,000, a decrease of 2.8% compared to 2024, with a year-to-date growth rate of -3.9% [3] Freight Volumes - North Sea volumes showed positive development, exceeding 2024 levels, aided by a recovery from a national strike in Sweden [1] - Mediterranean volumes also surpassed 2024 figures, adjusted for the new route between Egypt and Italy [1] - Channel volumes increased due to new Jersey routes, while Baltic Sea and Strait of Gibraltar volumes were also above 2024 [2] Passenger Volumes - The number of cars transported in July 2025 was 0.5% higher than in 2024, adjusted for route changes [3] - For the last twelve months, the total number of passengers increased by 1.5% to 5.8 million compared to 5.8 million for the previous year, with a growth rate of -1.0% when adjusted for route changes [3] Company Overview - DFDS operates a transport network in Europe with an annual revenue of DKK 30 billion and employs 16,500 full-time staff [7] - The company provides ferry, road, and rail transport services, along with complementary logistics solutions [7] - DFDS was founded in 1866 and is headquartered in Copenhagen [7]

Core Insights - FLSmidth's Q2 2025 results show a strengthened profitability with an Adjusted EBITA margin of 15.2%, despite macroeconomic and geopolitical uncertainties [2] - The company achieved a 3% year-on-year growth in orders, particularly driven by a 44% increase in Products orders and a 13% organic growth in the Pumps, Cyclones & Valves segment [2][9] - Strategic milestones include the DKK 730 million sale of its headquarters, divestment of FLSmidth Cement, and the launch of a share buy-back program, reinforcing shareholder returns [2][23][24] Financial Performance - Consolidated revenue decreased by 12% in Q2 2025 compared to Q2 2024, primarily due to a 43% decline in Products revenue [13][11] - The Adjusted EBITA margin improved to 15.2% in Q2 2025 from 10.3% in Q2 2024, reflecting strong cost management [34] - Profit for the continuing business increased to DKK 262 million in Q2 2025, compared to DKK 76 million in Q2 2024 [14] Order Intake and Backlog - Service order intake decreased by 8% year-on-year in Q2 2025, attributed to delays in modernization projects in North America [6] - Products order intake saw a significant increase of 44% compared to Q2 2024, while the PC&V segment reported a 7% increase [7][8] - The consolidated order backlog decreased by 13% to DKK 10,650 million compared to Q2 2024 [9][34] Segment Reporting Changes - Following the divestment of FLSmidth Cement, the company will now report on three continuing segments: Service, Products, and Pumps, Cyclones & Valves [3][4] - The new segment structure aligns with the company's strategy to focus solely on the mining industry [4] Strategic Divestments - The divestment of the Cement business is expected to close in the second half of 2025, with an initial consideration of approximately DKK 550 million [24] - The sale of the corporate headquarters is anticipated to yield a net cash gain of approximately DKK 730 million [23] Financial Guidance - FLSmidth maintains its revenue guidance for 2025 at DKK 14.5-15.0 billion, with an expected Adjusted EBITA margin of 15.0-15.5% [28][29] - The guidance reflects anticipated lower revenue from the order backlog due to customer-driven delays [28]