Financial Data and Key Metrics Changes - Adjusted EBITDA margin expanded by 110 basis points in Q4 2025, reaching an industry-leading 33%, up 100 basis points year-over-year, excluding lower commodities [3][17] - Full year 2025 Adjusted EBITDA was $3.125 billion, up 7.7% year-over-year, with an Adjusted EBITDA margin of 33% [18] - Revenue for Q4 2025 was $2.373 billion, with a pricing increase of 6.4% [15][17] Business Line Data and Key Metrics Changes - Solid waste core pricing increased by 6.5% in 2025, contributing to margin expansion despite declines in recycled commodities [8] - Reported volume decreased by 2.7%, reflecting intentional shedding and ongoing weakness in cyclically driven elements [15] - Special waste tons increased by 7% for the full year 2025, while construction and demolition debris (C&D) tons decreased by 5% [16] Market Data and Key Metrics Changes - Pricing in competitive markets exceeded 7%, while the Western region saw pricing around 3.7% [15] - The company experienced a decline in roll-off pulls by 2% and an increase in total landfill tons by 3% on a same-store basis [16] Company Strategy and Development Direction - The company plans to focus on solid waste and continue disciplined acquisition strategies, having completed approximately $330 million in annualized revenue from 19 acquisitions in 2025 [10][11] - Investments in sustainability and AI technology are prioritized, with ongoing development of renewable gas facilities and a new recycling facility expected to be operational by 2027 [12][13] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about improving macro indicators but did not factor in a material pickup in expectations for 2026 [17] - The outlook for 2026 estimates revenue between $9.9 billion and $9.95 billion, with organic growth in solid waste collection expected to be 3.5%-4% [20][21] Other Important Information - The company returned over $830 million to shareholders through share repurchases and dividends in 2025 [3][12] - Adjusted free cash flow for 2025 was $1.26 billion, with expectations for an increase to $1.4 billion-$1.45 billion in 2026 [23] Q&A Session Summary Question: Can you elaborate on sustainability CapEx and Chiquita Canyon spend? - Management expects sustainability-related outlays to step down in 2026, with $100 million allocated for RNG facilities and additional investments in recycling technology [27][28] Question: What are the macroeconomic assumptions baked into guidance? - Management has not factored in improvements in commodity values or cyclical volumes but noted potential upside from these areas [31][32] Question: What buckets of expenses are seeing moderation? - Labor rates have decreased from 5% year-over-year to about 3.9%, with expectations to trend down further in 2026 [40][41] Question: Can you provide an update on the Northeast Corridor build-out? - The company has increased daily tonnage significantly and expects to reach 9,000-9,500 tons per day at Arrowhead Landfill by 2026 [66][67] Question: How is the ramp-up of new RNG facilities progressing? - The ramp-up is slower than expected due to permitting issues, with efficiency rates improving over time [72][75]

Core Insights - Broadcom has established a strong position in both semiconductor and software sectors, benefiting from high-margin chips and long-term enterprise software relationships, creating a competitive advantage in networking and custom silicon [1][2]. Financial Performance - Broadcom reported record quarterly revenue of $18 billion, a 28% year-over-year increase, with AI semiconductor revenue surging 74% annually [11][12]. - For the full fiscal year, adjusted EBITDA reached a record $43 billion, and free cash flow was robust at $26.9 billion, with cash and equivalents rising to $16.2 billion [13]. - The company raised its quarterly dividend by 10% to $0.65 per share for fiscal 2026, marking a 15-year streak of dividend increases [9][10]. Market Position and Growth - Broadcom's AI-related backlog exceeds $73 billion, with significant orders from major clients like Google and Anthropic, indicating strong demand for its products [14][15]. - The company expects AI semiconductor revenue to double annually to $8.2 billion in Q1 fiscal 2026, with total revenue forecasted at $19.1 billion [16]. Analyst Sentiment - UBS has reaffirmed a "Buy" rating for Broadcom, with a price target of $475, citing accelerating demand for its TPU portfolio [20]. - Analysts predict Broadcom's AI revenue could reach approximately $60 billion in fiscal 2026, with significant contributions from Google [21]. Stock Performance - Over the past 52 weeks, Broadcom's stock has surged nearly 47%, significantly outperforming the S&P 500 Index [7]. - The stock trades at a premium valuation of around 39.55 times forward earnings, reflecting confidence in its growth and earnings visibility [8].

February 12, 2026 Darcy Reese, Vice President Investor Relations 614-716-2614 dlreese@aep.com Cautionary Note Regarding Forward- Looking Statements Fourth Quarter 2025 Earnings Presentation This presentation contains forward-looking statements. Words such as "expect," "anticipate," "intend," "plan," "believe," "will," "should," "could," "would," "project," "continue" and similar expressions, including statements reflecting future results or guidance and statements of outlook are intended to identify forward ...

Core Insights - T-Mobile is committed to enhancing customer experience (CX) through digital improvements and innovative tools for both customers and store associates [3] - The company has achieved a 50% reduction in customer service contacts per account, decreasing from seven in Q4 2021 to 3.3 in Q4 2025, with a target of a 75% reduction [4] - The T-Life app has reached 100 million downloads since its launch in 2024, indicating significant engagement and loyalty among users [4][5] - T-Mobile is developing AI software, IntentCX, in partnership with OpenAI to further personalize customer experiences [5][6] - The company reported a net promoter score (NPS) of 79 at its company-owned stores, which is 16% higher than that of third-party retail partners, reflecting a focus on enhancing its own retail presence [6] Digital Improvements - T-Mobile's strategy includes equipping frontline employees with tools to better resolve customer issues, contributing to the reduction in service contacts [4] - The T-Life app serves as a major platform for customer engagement, with 24 million monthly active users [6] AI and Personalization - The objective of the IntentCX initiative is to personalize customer experiences, raising the standard for carrier interactions [5][6] - T-Mobile emphasizes the importance of its NPS as a foundational metric for its customer experience strategy [6]

Full Year and Fourth Quarter 2025 Business Update February 12, 2026 © 2026 Onity Group Inc. All rights reserved. Disclaimer FORWARD-LOOKING STATEMENTS This presentation contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements may be identified by a reference to a future period or by the use of forward-looking terminology. Forward- looking statements are ...

Core Insights - Profound Medical Corp. has been awarded the 2025/2026 Mount Logan Award for its achievements in interventional MRI procedures, particularly for the TULSA Procedure [1][2] Company Achievements - The company has treated its 4,000th TULSA Procedure patient and secured new U.S. reimbursement codes from Medicare, enhancing its market position [2] - Profound Medical has established strategic partnerships to expand global patient access to its technologies [2] - The TULSA Procedure is a significant advancement in prostate care, utilizing robotically controlled ultrasound and real-time MRI thermography for precise treatment [2][5] Technology Overview - The TULSA Procedure employs a unique method of delivering ultrasound from within the urethra to heat prostate tissue to 'kill temperature' (55-57°C), minimizing side effects and ensuring no procedural blood loss [2][5] - The procedure is incision-free, requires no overnight hospital stay, and allows for a quick recovery, making it a compelling option for patients [5] Market Position and Future Plans - Currently, there is only one TULSA-PRO system installed in Canada, but the company aims to increase installations following the regain of exclusive distribution rights in the country [3] - Profound Medical is deploying a direct sales team in North America and partnering with strategic distribution partners to enhance its global reach [3] Additional Products - Profound Medical is also commercializing Sonalleve, a therapeutic platform approved for treating uterine fibroids and other conditions, with potential applications in non-invasive cancer treatments [6]

Core Insights - Getty Realty Corp. (NYSE:GTY) is highlighted as an overlooked small-cap stock with upcoming fiscal Q4 2025 results expected on February 11, 2026, projecting quarterly revenue of approximately $55.94 million and a GAAP EPS of $0.34 [1] Group 1: Business Update and Financials - In 2025, Getty Realty Corp. invested around $269 million with an initial cash yield of 7.9%, and in Q4 2025 alone, the investment was approximately $135 million at the same yield [2] - As of December 31, 2025, the company had a committed pipeline of about $75 million for the development and acquisition of 28 convenience and automotive retail assets [2] - For 2026, management anticipates an AFFO guidance in the range of $2.48 to $2.50 per diluted share [2] Group 2: Analyst Ratings - Following the business update, RBC Capital's Brad Haffern reiterated a Hold rating on the stock with a price target of $30 [4] - UBS's Michael Goldsmith also maintained a Hold rating with a price target of $29 [4] Group 3: Company Overview - Getty Realty Corp. operates as a net lease REIT, focusing on acquiring, financing, and developing single-tenant retail properties such as convenience stores, car washes, and automotive service centers [4]

Market Overview - The benchmark BSE Sensex fell by 558.72 points, or 0.66 percent, closing at 83,674.92, with an intraday low of 83,516.67, down 716.97 points or 0.85 percent [3][6] - The NSE Nifty declined by 146.65 points, or 0.57 percent, ending at 25,807.20 [6] Sector Performance - Technology stocks were the major laggards, with Tech Mahindra, Infosys, and TCS each tumbling nearly 6 percent [6] - The Focussed IT sector slumped by 5.40 percent, while the broader IT sector fell by 5.29 percent [8] Investor Sentiment - Concerns over AI-led disruptions and low expectations of a US Federal Reserve rate cut due to strong US economic data negatively impacted investor sentiment [9][10] - Analysts noted that the IT index's decline was driven by fears of margin compression in service-intensive sectors due to AI advancements [9] Global Context - In global markets, AI is reshaping industries, leading to increased volatility and challenges to traditional outsourcing models [10] - Geopolitical tensions, particularly between the US and Iran, may further influence investor caution in the IT sector [10] Institutional Activity - Foreign institutional investors purchased equities worth Rs 943.81 crore, while domestic institutional investors sold stocks worth Rs 125.36 crore [11]

Group 1: Japan's Economic Context - The yen has strengthened since the election, currently trading at 153, indicating a shift in market sentiment [1] - There is a narrative suggesting a turning point for Japan's economy, with a pro-growth outlook and certainty in policy implementation, leading to a belief that the yen is undervalued [2] - Despite the positive sentiment, fundamental bearish reasons for the yen remain, including slow economic growth and a large debt burden with negative real yields [4] Group 2: Dollar Dynamics - The dollar's reaction to strong payroll numbers was less pronounced than expected, indicating a complex relationship between economic data and currency movements [6] - The market is structurally overexposed to the dollar, which is expected to trend downwards over the coming years, with opportunities to offload during spikes [7] - Weak economic data could justify rate cuts, further weakening the dollar, while strong data may not provide relief due to poor monetary policy [8] Group 3: Market Sentiment and Equity Outlook - There is a sense of anxiety in the market, particularly regarding potential shocks in equity due to ongoing portfolio damage and wealth concerns [10] - The impact of AI on job recovery is viewed as slower than some predictions, suggesting a longer timeline for significant changes in the job market [11]

LONDON — Growth at Unilever’s beauty and well-being division outstripped the consumer giant’s overall performance in 2025, with brands including Nutrafol, Liquid I.V., Vaseline and Dove leading the way. Underlying sales in the division grew 4.3 percent to 12.8 billion euros, driven by a balance of volume and price growth. Wellness products as well as Vaseline and Dove grew in the double digits. By contrast, growth in prestige beauty, core skin care and hair care, was in the low-to-midsingle digits. More f ...