MARA (NasdaqCM:MARA) Q4 2025 Earnings call February 26, 2026 05:00 PM ET Company ParticipantsFred Thiel - Chairman and CEOGreg Lewis - Managing DirectorKevin Dede - Managing DirectorReggie Smith - Executive DirectorRobert Samuels - VP of Investor RelationsSalman Khan - CFOConference Call ParticipantsChris Brendler - Senior Research AnalystPaul Golding - Senior U.S. Payments and Digital Commerce AnalystOperatorGreetings, welcome to the MARA Q4 2025 earnings call. At this time, all participants are in a liste ...

MARA (NasdaqCM:MARA) Q4 2025 Earnings call February 26, 2026 05:00 PM ET Company ParticipantsFred Thiel - Chairman and CEOGreg Lewis - Managing DirectorKevin Dede - Managing DirectorReggie Smith - Executive DirectorRobert Samuels - VP of Investor RelationsSalman Khan - CFOConference Call ParticipantsChris Brendler - Senior Research AnalystPaul Golding - Senior U.S. Payments and Digital Commerce AnalystOperatorGreetings, welcome to the MARA Q4 2025 Earnings Call. At this time, all participants are in a liste ...

EDF announces the success of its senior green multi tranche bond issue for a nominal amount of 2.75 billion euros On 26 February 2026: EDF (BBB+ stable S&P / Baa1 stable Moody’s / BBB+ stable Fitch) successfully priced a senior green bond issuance in 4 tranches for a nominal amount of €2.75 billion (the “Bonds”): €500 million Bonds, with a 2-year maturity and a Euribor 3M + 0.33% floating coupon;€750 million Bonds, with a 5-year maturity and a 3.0% fixed coupon;€1 billion Bonds, with a 12-year maturity and ...

France Nuclear Pivot Serves as Catalyst for NUKZFrance has fundamentally shifted its energy strategy, providing a significant tailwind for the nuclear sector.In a reversal of previous policy that aimed to shut down 14 reactors, the French government — via state-owned and dominant power producer EDF — [announced] it will instead extend the lives of its existing fleet and construct at least six new EPR2 reactors.This nuclear renaissance is backed by substantial capital. [Recent reports] indicate that EDF has ...

Bitcoin tested the $64,000 support level on Monday as the cryptocurrency continued a 26.41% monthly drawdown. As bitcoin’s price wanes, bitcoin miners are accelerating their transitions to AI/HPC business lines. Sellers forced a retest of bitcoin’s $64,000 support zone early Monday morning. Bitcoin previously found a floor at this level on February 6 after suffering one its worst daily selloffs ever. At the time of writing, bitcoin is down 3.7% week-over-week to $65,400. The #1 podcast for emerging tech ...

US Bitcoin miner MARA Holdings Inc. completed its purchase of a majority stake in a data center unit owned by EDF https://t.co/a7mf7hRyM7 ...

EDF booked a charge on a nuclear project in the UK following a delay to planned commissioning https://t.co/Q5IDmN6GHE ...

Core Insights - EDF reported strong operational and financial results for 2025, driven by high nuclear power output and effective management of operational performance [2][4][6] - The company achieved a consolidated sales figure of €113.3 billion and an EBITDA of €29.3 billion, despite a decline from the previous year due to falling market prices [2][30] - EDF's net financial debt decreased to €51.5 billion, reflecting positive cash flow and effective debt management strategies [2][9][47] Financial Performance - Electricity output reached 515 TWh, with nuclear power contributing 373 TWh, marking the highest output in six years [2][16] - EBITDA decreased by 19.2% from €36.5 billion in 2024 to €29.3 billion in 2025, primarily due to lower sales prices and reduced hydropower output [6][18] - Net income attributable to the Group was €8.4 billion, down from €11.4 billion in 2024, largely due to lower EBITDA and non-recurring items [8][30] Operational Highlights - Nuclear output in France increased by 11.3 TWh to 373 TWh, while hydropower output decreased by 9.1 TWh to 46.4 TWh [16][19] - The company successfully reached 100% power at Flamanville 3 and provided a cost estimate of €72.8 billion for the EPR2 program [4][16] - EDF signed 47 TWh of medium- and long-term contracts by the end of 2025, enhancing stability for electricity-intensive customers [12] Market Position and Strategy - EDF's commitment to low-carbon electricity is reflected in its 95% carbon-free electricity output and a carbon intensity of 26.5 gCO2/kWh, which is 10.5% lower than in 2024 [16][42] - The company is focused on enhancing its operational performance through investments in nuclear and renewable energy projects, including Hinkley Point C and Sizewell C [4][16] - EDF aims to maintain a strong financial position with targets for net financial debt to EBITDA ratio of ≤ 2.5x and adjusted economic debt to adjusted EBITDA ratio of ≤ 4x by 2027 [5][6]

Group 1 - The Board of Directors of EDF appointed Martin Briens as a Director, replacing Anne-Marie Descôtes, effective from February 19, 2026, and his appointment will be ratified at the next General Meeting [1][2] - The Board consists of 41.7% independent directors (excluding employee representatives) and has a feminization rate of 41.7% [2] Group 2 - EDF is a key player in the energy transition, engaged in power generation, distribution, trading, energy sales, and services, with a focus on low-carbon energy [4] - The Group generated 520 TWh of output in 2024, with 94% being decarbonized and a carbon intensity of 30 gCO2/kWh [4] - EDF supplies energy and services to approximately 41.5 million customers and reported consolidated sales of €118.7 billion in 2024 [4]

Summary of Mirion Technologies Conference Call Company Overview - **Company**: Mirion Technologies (NYSE: MIR) - **Industry**: Nuclear Power and Radiation Therapy Key Points Industry and Market Dynamics - **Nuclear Power Segment Growth**: Approximately 47% of Mirion's revenue is derived from the commercial nuclear power industry, with a presence in over 95% of the global operating base [2][3] - **Global Electrical Generating Capacity Shortage**: The company views the current shortage as a generational tailwind for growth in the nuclear sector [3] - **AI Implications**: The integration of AI is expected to significantly impact operational efficiency and productivity within the company and the industry [3] Financial Performance and Guidance - **2026 Guidance**: The company anticipates accelerating organic growth across both segments, despite some crosscurrents such as government funding uncertainties and slower spending in nuclear labs [5][6] - **Record Orders and Backlog**: Mirion ended the previous year with record orders and backlog, indicating strong demand [6][7] - **Radiation Therapy Business Challenges**: The company faced challenges in its radiation therapy segment due to market softness in China and transitional issues in Japan, but remains optimistic about long-term growth [10][12] Growth Drivers - **Installed Base Growth**: The organic growth in the nuclear business was 11% last year, with expectations for continued double-digit growth driven by life extension and modernization of nuclear plants [45][49] - **Small Modular Reactors (SMRs)**: Orders for SMRs increased significantly, indicating a growing market, with $37 million in orders last year and expectations for further growth [52][67] - **Acquisition of Paragon Energy Solutions**: This acquisition is expected to enhance Mirion's capabilities in the nuclear sector, with Paragon projected to grow at 25% this year [78][79] Margin and Cost Management - **Margin Expansion**: The nuclear and safety segment saw a 40 basis point increase in margins to 29.4%, driven by procurement optimization and operational efficiencies [81][84] - **Long-term Margin Target**: The company aims for 30% EBITDA margins by 2028, with a focus on absorption and optimization strategies [84][87] AI and Technological Integration - **AI Initiatives**: Mirion launched 17 internal AI applications last year, with plans for further development, aiming to enhance productivity and operational efficiency [104][106] - **Software Exposure**: The company's software exposure is modest, between 5% and 7%, but is expected to grow as AI applications are integrated into operations [110][111] Future Outlook - **Nuclear Medicine Growth**: The nuclear medicine segment is expected to grow, driven by advancements in theranostics and radiopharmaceutical therapies [133][135] - **Emerging Trends**: Key trends include the increasing demand for electrical generating capacity and the transformative impact of AI on the industry [158][159] M&A Strategy - **M&A Pipeline**: Mirion plans to focus on smaller acquisitions to enhance its nuclear exposure while managing leverage, currently at 3.2 times EBITDA [148][150] Conclusion - Mirion Technologies is well-positioned to capitalize on growth opportunities in the nuclear power and radiation therapy sectors, with a strong focus on AI integration, margin expansion, and strategic acquisitions to drive future growth [159][160]