Financial Data and Key Metrics Changes - Full year revenues reached $2,432,000,000, representing an increase of 2.1% compared to fiscal 2024 after adjusting for last year's additional week of operations [6] - Consolidated revenues for Q4 2025 were $614,400,000, compared to $639,900,000 a year ago, with a revenue growth of approximately 3.4% when excluding the extra week in fiscal 2024 [20][22] - Consolidated operating income for the quarter was $49,600,000, down from $54,000,000 in the prior year, and net income decreased to $41,000,000 or $2.23 per diluted share from $44,600,000 or $2.39 per diluted share [20] - Consolidated adjusted EBITDA for the quarter was $88,100,000 compared to $95,000,000 in the prior year [21] Business Line Data and Key Metrics Changes - Uniform and Facility Service Solutions revenues for the quarter were $560,100,000, a decrease of 4.4% from 2024, with organic growth of approximately 2.9% [22][23] - First Aid and Safety segment revenues increased to $31,100,000 with organic growth of 12.4%, driven by the segment's van business [24] - Revenues from the other segment, which consists of nuclear services, were $23,300,000, a decrease of 5.3% from 2024 due to lower activity in North American nuclear operations [25] Market Data and Key Metrics Changes - The company experienced notable improvements in customer retention in fiscal 2025 after two years of elevated loss business, with key leading indicators such as NPS scores trending positively [7] - The employment environment has softened, impacting parts of the customer base, with reductions in wearer numbers becoming more pronounced [7][12] Company Strategy and Development Direction - The company aims to drive organic growth to mid-single digits and improve EBITDA margins into the high teens over the next couple of years [16] - Investments are being made in strengthening service teams, expanding capacity and stability, and enhancing customer experience through the UniFirst Way [8][11] - The company is focused on optimizing procurement, inventory management, and sourcing facilitated by the Oracle ERP platform [15] Management's Comments on Operating Environment and Future Outlook - Management remains optimistic about the ability to drive meaningful improvements in overall profitability despite expected temporary setbacks in fiscal 2026 [14][16] - The influence of tariffs is expected to impact short to medium-term profitability, with ongoing efforts to minimize cost increases [12][13] - The company anticipates that the investments in technology and service will yield benefits in the long term, although they may not be immediately visible [46][48] Other Important Information - The company has a robust balance sheet with no long-term debt and cash, cash equivalents, and short-term investments totaling $209,200,000 [25] - Capital expenditures totaled $154,300,000, with significant investments in ERP and facility enhancements [25][29] Q&A Session Summary Question: Confirmation of organic growth guidance for Uniform Facility Services - Management acknowledged the momentum in sales and retention but indicated that the economic outlook and reductions in wearer numbers would contribute to headwinds in organic growth for the current year [33][34] Question: Margin impacts and investments for 2026 - Management outlined that tariffs, sales investments, service investments, and digital transformation costs would contribute to margin headwinds, with expectations for operational efficiency to provide some offsets [36][37] Question: Trajectory of margins in fiscal 2026 - Management indicated that margins would likely follow historical patterns, with tariff impacts becoming more pronounced in the latter half of the year [75][76] Question: Expected softness in nuclear services - Management expects a wind down of a large project in the first quarter, with normal seasonality expected across quarters [79] Question: Pricing environment and client base changes - Management noted that pricing remains challenging due to inflation and tariffs, with a fluid environment impacting manufacturing clients [55][58]

Core Insights - Atos successfully delivered essential services for the World Para Swimming Championships in Singapore and the World Para Athletics Championships in New Delhi, reinforcing values of inclusion and sporting excellence [1][2][3] Event Details - The World Para Swimming Championships took place from September 21 to 27, 2025, featuring 585 athletes from 74 nations and attracting approximately 19,000 spectators [2] - The World Para Athletics Championships occurred from September 27 to October 5, 2025, with over 1,000 athletes from more than 100 countries competing in 186 medal events [3] Technological Contributions - Atos provided critical data management, IT systems, and operational technology services, enhancing the readiness and deployment capabilities for both events [4] - The company utilized its extensive experience in adaptive sports to ensure fair competition by managing athlete classifications [3][4] Company Background - Atos has over 30 years of experience in serving major sports events, consistently delivering technology excellence across various scales of competitions [6] - The company is a long-standing partner of the Olympic and Paralympic movements, providing IT services for significant events like the Paris 2024 Olympic Games and UEFA Euro 2024 [7] Operational Excellence - Atos implemented on-venue results systems for accurate timing, scoring, and real-time graphic integration for broadcasting [8]

Press ReleaseGBI selects Nokia to build new network for faster, more resilient connectivity across the Middle East GBI’s new network with Nokia will enhance its regional optical infrastructure with state-of-the-art technology that supports faster, more reliable access to digital services.The new scalable and low-latency network will offer 100G-400G services that boost network resilience and performance for cloud providers, enterprises, and carriers.GBI selected Nokia’s 1830 Global Express (GX) optical platf ...

Core Viewpoint - VIQ Solutions Inc. has completed its listing on the TSX Venture Exchange (TSXV) and voluntarily delisted from the Toronto Stock Exchange (TSX), effective October 20, 2025, with trading on the TSXV commencing on October 21, 2025 [1][2]. Group 1 - The transition to the TSXV is aimed at cost optimization and accessing additional financing options available to TSXV-listed companies [2]. - The company expects that the TSXV listing will lead to significantly reduced legal, compliance, and financial reporting costs, contributing to productivity and margin improvement initiatives [2]. - The TSXV approved the company's application after a thorough evaluation of its financial performance and medium-term outlook, allowing the company to retain the trading symbol "VQS" [3]. Group 2 - Shareholder approval was not required for the transition to the TSXV, as it is considered an acceptable alternative market under TSX policies [3]. - VIQ Solutions is a global provider of secure, AI-driven digital voice and video capture technology and transcription services, operating in various sectors including criminal justice, legal, insurance, government, corporate finance, and media [5].

Core Insights - StubHub is gaining attention from analysts as the live events market rebounds post-Covid, positioning itself as a unique player in the digital ticketing space [1] - Bank of America analyst Justin Post has labeled StubHub a "high-growth asset" with a buy rating and a price target of $25, indicating strong potential for future performance [2] - The company's growth strategy includes direct ticketing, advertising, and exclusive sports agreements, particularly in anticipation of the 2026 U.S. World Cup [3] Company Growth Strategy - StubHub controls approximately 50% of North America's secondary ticket market and is investing over $900 million in sales and marketing to maintain its market dominance [4] - Post anticipates that StubHub's EBITDA margins will more than quadruple by 2026, with long-term profits potentially reaching 40% [5] - The company is transitioning from a resale platform to a more comprehensive ticket and media platform, which could significantly enhance profits and sales [7] Key Growth Drivers - **Direct Issuance**: StubHub is collaborating with teams and venues to issue tickets directly, allowing it to capture value earlier in the sales process [9] - **Sponsored Ads**: The launch of an advertising business is expected to show significant growth by 2026 [9] - **U.S. World Cup**: The upcoming global tournament in 2026 is projected to drive a substantial increase in ticket demand, benefiting StubHub's ecosystem [9] - **Margin Expansion**: As marketing expenditures stabilize, operating leverage is expected to improve, with EBITDA margins projected to double by 2026 [9] - **Brand Strength**: Proprietary surveys indicate that StubHub excels in user experience and pricing perception compared to other secondary platforms [9]

Core Points - Youxin Technology Ltd has regained compliance with Nasdaq's minimum bid price requirement, confirming its full compliance with the Nasdaq Capital Market's listing requirements [1][2] - The previously scheduled hearing before the Hearings Panel has been cancelled, allowing the company's securities to continue being listed and traded on Nasdaq [2] Company Overview - Youxin Technology Ltd is a SaaS and PaaS provider focused on aiding retail enterprises in their digital transformation through cloud-based solutions [3] - The company offers customized omnichannel digital solutions that integrate various aspects of commerce, including store innovations and inventory management [3] - Its products enable mid-tier brand retailers to connect management teams, distributors, salespersons, stores, and end customers across different systems and devices, utilizing real-time sales data [3]

Core Viewpoint - Rocky Mountain Chocolate Factory, Inc. (RMCF) has experienced a significant decline in stock performance despite a modest increase in revenue, indicating challenges in profitability and operational efficiency [1][3]. Financial Performance Overview - For Q2 of fiscal 2026, total revenues increased by 6.9% year over year to $6.8 million, driven by stronger franchise and royalty fees and favorable pricing actions [2]. - Product sales rose by 5.4% to $5.2 million, while franchise and royalty fees advanced by 12.2% to $1.6 million [2]. Profitability Challenges - Despite revenue growth, RMCF reported a gross loss of $33,000 compared to a profit of $600,000 in the previous year, impacted by high input costs and operational inefficiencies [3]. - The net loss remained at $0.7 million, or $(0.09) per share, unchanged from the prior year [3]. Operational Improvements - Management has initiated a transformation phase focusing on disciplined execution, with new leadership in operations and franchising to enhance accountability and decision-making [4]. - Cost-saving measures have been introduced to reduce overtime and waste, improving product availability for franchisees [4]. Financial Position - RMCF ended the quarter with $2 million in cash, an increase from $0.7 million at the end of fiscal 2025, after drawing $1.8 million in new borrowings [5]. - Total debt stood at $7.8 million as of August 31, 2025 [5]. Franchise Growth and Brand Reinvigoration - The company added two new franchise locations and acquired a company-owned store, which is expected to enhance earnings and retail presence [7]. - A rebranding initiative aims to modernize store aesthetics and improve customer experience, with plans to remodel nearly all stores within 24 months [8]. Digital Expansion and Customer Engagement - RMCF launched a redesigned website to enhance online-to-store integration and plans to introduce a new loyalty program in early 2026 [9]. - Partnerships with DoorDash and other delivery services are being expanded to improve product accessibility and profitability for franchisees [10]. Factors Influencing Results - Higher input costs, particularly for cocoa and dairy, have negatively impacted profitability, but management anticipates margin improvements as cocoa prices decline [11]. - Cost-optimization initiatives are expected to lower transportation expenses and enhance factory utilization in future quarters [11]. Management Commentary - The interim CEO described the company as entering a "renaissance" period, focusing on strategic growth and efficiency improvements [12]. - A culture of accountability and progress in technology adoption and franchise engagement are emphasized as key to returning to historical profitability levels [12]. Other Developments - RMCF completed the acquisition of its Camarillo store and executed a successful store remodel in Corpus Christi, TX [13]. - The company is in negotiations for a new franchise location at Houston Hobby Airport as part of its U.S. expansion strategy [13].

Company Overview - Sanlam manages over R1.5 trillion in assets[14] - The company's market capitalization is R188 billion[14] - Sanlam operates in 30 countries across Africa and Asia[14] - The company touches over 96 million lives[14] Strategic Goals to 2030 - The company targets operating profit growth exceeding RSA CPI + 6% per annum[27, 45] - The company targets return on equity exceeding 20% per annum[30, 45] - The company targets dividend growth exceeding RSA CPI + 4% per annum[36, 45] - The company targets return on GEV exceeding RSA RFR + 4% per annum[33, 45] Santam's Lloyd's Syndicate 1918 - Santam's Lloyd's Syndicate 1918 aims for over 20% of GWP by 2030 from international business[125, 375] - The syndicate expects an underwriting margin exceeding 10% by 2030[125] - The syndicate targets a return on capital exceeding 24% by 2030[125, 375] SanlamAllianz Pan-Africa - SanlamAllianz aims to more than double its earnings off the 2024 baseline by 2030[155] - SanlamAllianz aims to achieve a top 3 market position across its remaining markets[155, 156] - SanlamAllianz's footprint captured 16% of the overall pan-African R372 billion insurance market[154]

Financial Data and Key Metrics Changes - In Q2 FY26, total revenue increased by 21% to ZAR1,344 million, with subscription revenue rising by 20% to ZAR1,182 million [11][24] - Operating profit increased by 18% to ZAR356 million, and adjusted earnings per share rose by 13% to ZAR8.28 [25][30] - Annual recurring revenue (ARR) grew by 20% to ZAR486 million, and on a U.S. Dollar basis, it increased by 21% to USD272 million [5][6] Business Line Data and Key Metrics Changes - Kartrak's subscription revenue grew by 20% to ZAR1,204 million, with a healthy operating profit margin of 29% [8][25] - Karoo Logistics revenue reached ZAR139 million, marking a significant increase of 38% [10][19] - Subscription revenue from Kartrak accounted for 98% of its total revenue, indicating a strong reliance on subscription-based income [25] Market Data and Key Metrics Changes - South Africa's subscription revenue growth accelerated to 18%, contributing 71% of total subscription revenue [16] - Southeast Asia and the Middle East saw a subscription revenue growth of 26%, with a total of approximately 303,000 subscribers [17] - European subscription revenue growth accelerated to 27%, with 216,000 subscribers in the region [18] Company Strategy and Development Direction - The company aims to strengthen its leadership position in South Africa while expanding its distribution footprint in Asia and Europe [20][21] - There is a focus on capital allocation towards organic growth and product innovation, with a disciplined approach to M&A [22][23] - The company is committed to enhancing its distribution capabilities and increasing product adoption among existing customers [20][21] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the underlying demand driven by digital transformation and the need for operational efficiency [32] - The company anticipates continued growth in subscription revenue, supported by strategic investments in sales and marketing [33] - There is a recognition of the bottleneck in customer onboarding and cross-selling due to insufficient team capacity [35][39] Other Important Information - The company reported a net cash position of USD393 million, reflecting a strong balance sheet [31] - The subscription gross margin was 72%, with a lifetime value to customer acquisition cost (LTV to CAC) ratio remaining above 9x [15][14] Q&A Session Summary Question: Can you talk about the tax rates you're seeing on some of your newer offerings? - The company has grown its average revenue per user (ARPU) by 4%, with expectations to grow ARPU in South Africa by 10% [35] Question: How do you think about drivers of momentum in the market? - The company has been focused on recruiting and building teams to support new customer acquisitions and cross-selling [39] Question: What did you see from vision attach rate by geo? - Most sales currently come from the existing customer base, with video sales accounting for about 10% of total sales [40] Question: How is the change in mix shift towards videos impacting gross margins? - Gross margins have remained in the range of 70% to 74%, with a slight decrease to 72% this quarter due to increased cost of sales [41] Question: How did your new sales reps compare to the existing base? - New sales reps typically take time to reach the performance levels of established salespeople [43] Question: How long do you expect elevated operating expenses to persist? - The company plans to continue investing in infrastructure and sales, indicating that elevated expenses may be a long-term strategy [44] Question: What is the estimated market penetration in each region? - South Africa is estimated to have a market penetration of about 35%, Europe around 25%, and Asia under 10% [46]

Financial Data and Key Metrics Changes - Adjusted identical sales growth was 2.2% for Q2 2025, reflecting steady execution against strategic priorities [12][26] - Adjusted EBITDA for Q2 was $848 million, with earnings per share at $0.44 [12][29] - Gross margin decreased by 63 basis points year-over-year to 27%, but improved sequentially from Q1 [27][29] - Interest expense increased slightly to $105 million due to refinancing costs [28] Business Line Data and Key Metrics Changes - Pharmacy sales grew 19% year-over-year, driven by GLP-1 growth and share gains from competitor closures [15][16] - E-commerce sales increased by 23% year-over-year, maintaining a three-year compounded annual growth rate of 24% [13][14] - Digital platforms are key for customer acquisition, with membership growing 13% to over 48 million [15] Market Data and Key Metrics Changes - The company is seeing a shift in consumer behavior towards value, with increased usage of coupons and a focus on own brands [49] - Grocery penetration for e-commerce is now above 9% [13] Company Strategy and Development Direction - The company is focused on five strategic priorities: driving digital growth, enhancing customer value, modernizing technology, and driving productivity [12][30] - A $750 million accelerated share repurchase program was announced, reflecting confidence in the company's undervalued stock [11][25] - The company aims to increase own brand penetration from 25% to 30% over time [20] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to deliver on fiscal 2025 commitments and is excited about long-term growth opportunities [34] - The company is navigating a dynamic operating environment and is focused on unlocking sustainable efficiencies to offset inflationary pressures [21][30] Other Important Information - The company has closed 29 underperforming stores and plans to open nine new stores by year-end [11] - Capital expenditures are expected to be in the range of $1.8 to $1.9 billion as investments in digital and automation accelerate [31] Q&A Session Summary Question: Can you revisit the building blocks of returning to growth next year? - Management emphasized sticking to five strategic priorities and seeing strong proof points of success [38] Question: What is the outlook for price investment moving forward? - Management stated that pricing investments are surgical and will be offset by increased vendor funds [41][42] Question: What are the gross margin dynamics for the balance of the year? - Management expects margin dynamics to remain similar, with mix shifts continuing to impact margins [47] Question: How is the consumer behaving in the current environment? - Management noted a focus on value, with consumers trading down and using coupons more frequently [49] Question: How does the ASR impact capital expenditures? - Management clarified that the ASR does not preclude ongoing capital expenditures for remodels and technology improvements [90][92] Question: What are the drivers of e-commerce growth? - Management highlighted improvements in the app and customer experience as key drivers of e-commerce growth [93]