Group 1: Share Buyback Details - Sanoma Corporation executed a share buyback on 20 March 2026, acquiring 27,477 shares at an average price of EUR 9.1256 per share, with a total cost of EUR 250,744.11 [1] - The highest price per share during the buyback was EUR 9.2800, while the lowest was EUR 9.0600 [1][2] Group 2: Company Overview - Sanoma holds a total of 978,392 of its own shares, including those acquired on 20 March 2026 [2] - The company operates across Europe, employing close to 5,000 professionals, and reported net sales of approximately EUR 1.3 billion in 2025 with an adjusted operating profit margin of 14.4% [5] Group 3: Business Strategy and Focus - Sanoma aims for organic growth in K12 education and plans to accelerate this growth through value-creating mergers and acquisitions [4] - The company emphasizes the responsible use of AI while maintaining human oversight and is committed to sustainability, aligning with the UN Sustainable Development Goals [4]

Group 1: Share Buyback Details - Sanoma Corporation executed a share buyback on 17 March 2026, acquiring 26,384 shares at an average price of EUR 9.2567 per share, with a total cost of EUR 244,228.77 [1] - The highest price per share during the buyback was EUR 9.3500, while the lowest was EUR 9.2200 [1][2] Group 2: Company Overview - Sanoma holds a total of 897,901 of its own shares, including those acquired on 17 March 2026 [2] - The company operates across Europe, employing close to 5,000 professionals, and reported net sales of approximately EUR 1.3 billion in 2025 with an adjusted operating profit margin of 14.4% [5] Group 3: Business Strategy and Focus - Sanoma aims for organic growth in K12 education and plans to accelerate this growth through value-creating mergers and acquisitions [4] - The company is committed to sustainability, focusing on maximizing its positive impact on society while minimizing its environmental footprint, and is a signatory to the UN Global Compact [4]

Acquisition of Own Shares - Sanoma Corporation executed a share buyback on 03 March 2026, acquiring 20,452 shares at an average price of EUR 8.8513 per share, with a total cost of EUR 181,026.79 [1] - The highest and lowest prices per share during the transaction were EUR 8.9300 and EUR 8.7900, respectively [1][2] Shareholding Information - Following the acquisition, Sanoma holds a total of 652,713 of its own shares [2] Company Overview - Sanoma is a learning and media company operating across Europe, focusing on providing high-quality educational content and solutions for K12 education [2][4] - The company employs nearly 5,000 professionals and reported net sales of approximately EUR 1.3 billion in 2025, with an adjusted operating profit margin of 14.4% [5] Strategic Focus - Sanoma aims to accelerate growth through value-creating mergers and acquisitions (M&A) while responsibly leveraging AI opportunities [4] - The company is committed to sustainability, aligning its strategy with the UN Sustainable Development Goals and minimizing its environmental footprint [4]

Core Viewpoint - Sanoma Corporation has executed a share buyback, acquiring a total of 19,671 shares at an average price of EUR 9.0321, totaling EUR 177,670.44, in compliance with European regulations [1][2]. Group 1: Share Buyback Details - The share buyback occurred on 02 March 2026, with the highest price per share being EUR 9.0800 and the lowest at EUR 9.0100 [1]. - Following this transaction, the company holds a total of 1,001,404 of its own shares [2]. Group 2: Company Overview - Sanoma is described as an innovative and agile learning and media company, impacting millions across Europe with quality educational content and solutions [2][4]. - The company operates in the K12 education sector, focusing on organic growth and value-creating mergers and acquisitions (M&A) [4]. - In 2025, Sanoma reported net sales of approximately EUR 1.3 billion and an adjusted operating profit margin of 14.4% [5]. Group 3: Sustainability and Future Goals - Sanoma emphasizes the responsible use of AI while maintaining human oversight and is committed to sustainability, aiming to maximize its positive impact on society and minimize its environmental footprint [4]. - The company is a signatory to the UN Global Compact and committed to the UN Sustainable Development Goals [4].

Group 1: Share Buyback Details - Sanoma Corporation executed a share buyback on 26 February 2026, acquiring 17,875 shares at an average price of EUR 8.9977 per share, with a total cost of EUR 160,833.89 [1] - The highest price per share during the buyback was EUR 9.0100, while the lowest was EUR 8.9500 [1][2] Group 2: Company Overview - Sanoma holds a total of 963,233 of its own shares, including those acquired on 26 February 2026 [2] - The company operates across Europe, employing close to 5,000 professionals, and reported net sales of approximately EUR 1.3 billion in 2025 with an adjusted operating profit margin of 14.4% [5] Group 3: Business Strategy and Focus - Sanoma is focused on organic growth in K12 education and aims to accelerate this growth through value-creating mergers and acquisitions [4] - The company emphasizes the responsible use of AI while maintaining human oversight and is committed to sustainability, aligning with the UN Sustainable Development Goals [4]

Acquisition of Own Shares - Sanoma Corporation executed a share buyback on 23 February 2026, acquiring 16,408 shares at an average price of EUR 9.0942 per share, with a total cost of EUR 149,217.63 [1] - The highest and lowest prices per share during the transaction were EUR 9.1300 and EUR 9.0200, respectively [1] Total Shares Held - Following the acquisition, the company holds a total of 910,766 of its own shares [2] Company Overview - Sanoma is described as an innovative and agile learning and media company, impacting millions across Europe by providing high-quality learning content and solutions [2] - The company employs nearly 5,000 professionals and reported net sales of approximately EUR 1.3 billion in 2025, with an adjusted operating profit margin of 14.4% [5] Strategic Focus - Sanoma aims for organic growth in K12 education and plans to accelerate this growth through value-creating mergers and acquisitions [4] - The company is committed to sustainability, focusing on maximizing its positive impact on society while minimizing its environmental footprint, and is a signatory to the UN Global Compact [4]

Acquisition of Own Shares - Sanoma Corporation executed a share buyback on 12 February 2026, acquiring 12,837 shares at an average price of EUR 9.2811 per share, with a total cost of EUR 119,141.48 [1] - The highest and lowest prices per share during the transaction were EUR 9.3400 and EUR 9.1900, respectively [1] Shareholding Information - Following the acquisition, the company holds a total of 805,514 of its own shares [2] Company Overview - Sanoma is described as an innovative and agile learning and media company, impacting millions across Europe by providing high-quality learning content and solutions [2] - The company employs close to 5,000 professionals and reported net sales of approximately EUR 1.3 billion in 2025, with an adjusted operating profit margin of 14.4% [5] Strategic Focus - Sanoma aims for organic growth in K12 education and plans to accelerate this growth through value-creating mergers and acquisitions [4] - The company is committed to sustainability, focusing on maximizing its positive impact on society while minimizing its environmental footprint, and is aligned with the UN Sustainable Development Goals [4]

Core Insights - Grupo Rotoplas reported significant improvements in its financial performance for Q4 2025, with net income of $91 million compared to a loss in Q4 2024, driven by increased service sales and operational efficiencies [1][2][3] - The company experienced an 83.4% increase in service sales during the quarter, contributing to a cumulative net sales figure of $11,080 million, which reflects a 1.1% decrease compared to 2024 [1][2] - EBITDA for Q4 2025 reached $366 million, marking a substantial increase from $57 million in Q4 2024, with an EBITDA margin of 12.9% [1][2] Financial Performance - Q4 2025 net sales were $2,829 million, a 3.9% increase year-over-year, while cumulative net sales for the year were $11,080 million, down 1.1% from 2024 [1][2] - Operating income for Q4 2025 was $161 million, a significant recovery from an operating loss of $148 million in Q4 2024, reflecting improved cost management [1][2] - The company’s EBITDA margin expanded to 12.9% in Q4 2025, up from 2.1% in Q4 2024, due to enhanced gross margins and reduced operating expenses [1][2] Geographic Performance - In Mexico, sales increased by 15.8% in Q4 2025, while cumulative sales showed a slight decline of 0.3% for the year, indicating a recovery in product sales towards the end of the year [2] - Argentina faced challenges with a 28.8% decline in sales during Q4 2025 and a 17.1% decrease cumulatively, attributed to a stagnant construction market and competitive pressures [2] - The United States saw stable sales performance with an 8.2% increase cumulatively, supported by demand in industrial and chemical sectors [2] Services and Products - The services segment showed robust growth, with sales increasing by 83.4% in Q4 2025, driven by the bebbia platform and water treatment operations [1][2] - Product sales faced pressure, particularly in Argentina and Mexico, but showed signs of recovery in Q4 2025, contributing to overall sales performance [2] - The company’s focus on operational efficiencies and cost control measures helped mitigate the impact of lower product demand [2] Sustainability and Strategic Initiatives - Grupo Rotoplas made progress towards its sustainability targets, achieving a significant reduction in CO2 intensity and improving access to sanitation for over 1.2 million people [3] - The company received an "A" rating in CDP's 2025 Climate Change Questionnaire, highlighting its commitment to sustainability [3] - Initiatives such as the "Escuelas con Agua" program aimed at improving water access in schools benefited over 332,000 students [3]

Core Viewpoint - Sanoma Corporation has announced the initiation of a share repurchase program aimed at supporting its incentive program, with a maximum acquisition of 675,000 shares, representing 0.41% of total shares, and a budget of EUR 8.0 million for this purpose [1] Group 1: Share Repurchase Details - The share repurchase will commence on 12 February 2026 and is expected to conclude by 31 December 2026, pending approval at the 2026 Annual General Meeting [1] - The repurchased shares will be acquired through public trading on Nasdaq Helsinki Ltd. at the market price at the time of purchase [1] - The 2025 Annual General Meeting authorized the Board to repurchase up to 16,000,000 shares, approximately 9.8% of the total shares, using funds from the company's unrestricted shareholders' equity [2] Group 2: Company Overview - Sanoma Corporation operates as a learning and media company across Europe, focusing on providing educational content and solutions to enhance K12 education [3][5] - The company reported net sales of approximately EUR 1.3 billion in 2025, with an adjusted operating profit margin of 14.4% [6] - Sanoma employs nearly 5,000 professionals and is committed to sustainability, aligning with the UN Sustainable Development Goals [5][6]

Financial Data and Key Metrics Changes - For Q3 2025, the company achieved an adjusted EBITDA of $150.5 million and a net profit of $91.5 million, marking the best quarter of the year [4][17] - The net loan-to-value (LTV) ratio improved from 24.1% in Q2 to 20.5% in Q3, supported by strong operational cash flows [6][18] - The company declared a cash dividend of $73.2 million, corresponding to a payout ratio of 80% for the quarter, marking 15 consecutive quarters of dividend payments [7][24] Business Line Data and Key Metrics Changes - The fee-based business in pools contributed $7.1 million in fee income, maintaining steady performance [17] - The average time charter equivalent (TCE) income was reported at $26,040 per day, with total TCE incomes reaching $247 million [17] Market Data and Key Metrics Changes - The product tanker market showed significant strength in Q3, driven by higher trading volumes and strong refinery margins, particularly from increased export flows out of the Middle East and Asia [4][8] - Clean petroleum product volumes on water for 2025 continued to track above the four-year average, with Q3 showing an unseasonal increase compared to previous years [8][9] - The overall clean petroleum product capacity growth in 2025 has been limited, with only about 0.5% net growth in clean product tanker supply [11] Company Strategy and Development Direction - The company is focused on fleet renewal, having sold four older vessels and announced a preliminary agreement to acquire 14.45% of TORM shares [5][6] - Hafnia aims to maintain a transparent and consistent dividend policy, ensuring sustainable and predictable returns across market cycles [6][7] - The company is advancing its sustainability strategy and technological capabilities to strengthen its competitive edge in the maritime sector [22][23] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the underlying market strength and the potential for higher earnings due to seasonal demand as winter approaches [24] - The company anticipates a solid financial position and effective cost structure, supporting an operational cash flow break-even of below $13,000 per day for 2026 [21][24] - Geopolitical tensions, particularly related to Russian exports, have influenced the market dynamics, with a decline in clean petroleum product exports from Russia [19][20] Other Important Information - The company has made significant progress in reducing its weighted average debt margins by more than 50 basis points, strengthening its financial position [18][20] - The liquidity position at the end of the quarter was over $630 million, consisting of around $130 million in cash and $500 million in environmental financing capacity [20] Q&A Session Summary Question: Coverage of the LR2 fleet in 2026 - The company has covered 67% of its LR2 fleet for 2026, with three ships on three-year deals and one on a two-year deal [25][26] Question: Impact of Russian CPP exports decline - The decline in Russian clean petroleum product exports has positively affected the market, with conventional tonnage increasing supply to South America [27][28] Question: Red Sea reopening impact on fleet supply - The analysis indicated that the reopening of the Red Sea would have a limited impact on fleet supply, with a net effect of approximately 43 MR units [34][35] Question: Changes in insurance costs for transiting the Red Sea - There has not been a significant shift in insurance costs for transiting the Red Sea, with limited movement from well-known owners on the clean side [38] Question: Effects of purchase options on cash break-even - The refinancing and purchase options have significantly improved cash flow break-even, expected to be below $13,000 per day for the next year [42] Question: Future fleet renewal or growth strategy - The company is cautious about new builds at current pricing levels and is focusing on strategic acquisitions like the TORM stake [43][44] Question: Net LTV forecast for Q4 - The net LTV at the end of Q3 was 20.5%, and the company is consistent with its dividend policy, which will depend on market values in the quarter [47][48]