Core Insights - The RealReal reported a strong third quarter for 2025, with gross merchandise value (GMV) increasing by 20% year-over-year and total revenue rising by 17% compared to the same period in 2024 [1][9] - The company achieved a significant growth in direct revenue, which surged by 47% year-over-year, while consignment revenue grew by 15% [1][9] - Adjusted EBITDA margin improved to 5.4%, reflecting an increase of 380 basis points from the prior year [1][9] Financial Performance - Third quarter 2025 GMV reached $520 million, up from $433 million in the same quarter of 2024 [9] - Total revenue for the third quarter was $174 million, compared to $149 million in the prior year [9] - Gross profit was reported at $129 million, an increase of $18 million year-over-year, with a gross margin of 74.3%, down 60 basis points from the previous year [9] Guidance and Outlook - The company raised its full-year guidance based on positive market conditions and ongoing growth momentum [4][6] - For Q4 2025, GMV is expected to be between $585 million and $595 million, with total revenue projected between $188 million and $191 million [6] - Adjusted EBITDA for Q4 is anticipated to be in the range of $17.5 million to $18.5 million, with full-year adjusted EBITDA expected between $37.7 million and $38.7 million [6] Strategic Initiatives - The CEO emphasized the importance of building trust with sellers and enhancing customer experience through improved consignor relationships and AI initiatives [2] - The company aims to continue shaping the luxury resale market, leveraging operational efficiency and customer service as key strategic pillars [2] Operational Metrics - The trailing twelve months active buyers increased to 1,024,000, marking a 7% rise compared to the same period in 2024 [9] - The average order value (AOV) reached $584, reflecting a 12% increase year-over-year [9]

Core Insights - SMX is positioned as a leader in material traceability through its molecular marking technology, which embeds proof of authenticity directly into materials [2][4][11] - The company has transitioned from a niche player to a critical infrastructure provider as global demand for supply chain transparency and traceability has surged [3][12] - SMX's partnerships across various regions and industries demonstrate its capability to implement circular economy solutions and enhance material integrity [5][6][7][8] Company Overview - SMX operates in the truth business, focusing on embedding honesty into materials rather than merely participating in sustainability efforts [1][2] - The company's molecular marking technology allows for permanent identification of materials, ensuring traceability through every stage of production and recycling [2][4] Technological Advancements - SMX's platform connects to blockchain registries, creating self-verifying records for materials such as rubber, plastics, and metals [4][11] - The technology has been recognized by the London Bullion Market Association as a security feature for gold bars, enhancing the accountability of precious metals [9][10] Market Impact - The company has established significant partnerships, such as with A*STAR in Singapore and REDWAVE in Austria, to create national and regional circular economy platforms [5][6] - SMX's initiatives are being studied as models for circular economies across ASEAN, indicating its influence on regional sustainability practices [5] Future Prospects - SMX is redefining material valuation by creating a universal language for global trade based on chemical proof and blockchain technology [11][12] - The company is positioned to support businesses in transitioning to a low-carbon economy by providing access to its marking and tracking technologies [13]

Company Overview - Tarkett is a global leader in innovative and sustainable flooring and sports surface solutions, with a history spanning over 140 years [2] - The company generated a turnover of €3.3 billion in 2024 and employs nearly 12,000 people [2] - Tarkett operates 24 R&D centers, 8 recycling centers, and 35 production sites, serving customers in over 100 countries [2] Voting Rights and Shares - As of October 31, 2025, Tarkett has a total of 65,550,281 shares in its share capital [1] - The total number of voting rights is reported as 123,938,579, with 123,920,020 exercisable voting rights after deducting treasury shares without voting rights [1]

Core Insights - The company reported a consolidated sales decline of 1.3% year-on-year for the first nine months of 2025, totaling €2,878 million, with organic growth of 1.8% [1][4] - The third quarter of 2025 saw consolidated sales of €992 million, reflecting a 4.9% increase in organic growth and a 1.4% increase on a reported basis, despite negative currency effects [3][4] - The company aims to achieve a financial leverage ratio of less than 1.0x by the end of 2027, while maintaining a solid cash generation and controlled working capital [2][17] Sales Performance - In France, sales for the first nine months of 2025 reached €897 million, a 2.0% increase reported but a 4.1% decline in like-for-like terms [1][28] - The Americas region reported sales of €711 million, down 5.9% reported and 1.5% like-for-like, primarily due to a slowdown in the U.S. market [1][36] - The Mediterranean region experienced a strong sales increase of 7.7% reported and 34.0% like-for-like, totaling €369 million for the first nine months [1][45] Regional Analysis - The company noted a recovery in Switzerland, contributing to a 9.4% increase in sales in Europe (excluding France) for the first nine months, totaling €336 million [1][10] - In Asia, sales declined by 12.9% reported and 5.5% like-for-like, totaling €301 million, impacted by currency depreciation [1][41] - The African market saw a sales decline of 7.7% reported and 7.4% like-for-like, totaling €264 million, with challenges in Senegal affecting performance [1][49] Operational Highlights - The cement activity showed a 9.7% increase in the third quarter at constant scope and exchange rates, with volumes growing by 5.3% [3][4] - The company is ramping up production at a new kiln in Senegal, which is expected to drive operational growth and cost savings in the coming years [2][15] - The VAIA CCS project has been selected for funding by the European Innovation Fund, marking a significant step in the company's decarbonization efforts [2][16] Financial Outlook - The company confirmed its 2025 revenue and EBITDA outlook, expecting sales growth on a like-for-like basis and EBITDA growth of 2% to 5% at constant scope and exchange rates [4][17] - The financial leverage target for 2025 has been adjusted to above 1.3x due to negative currency effects and non-recurring items [17][18] - The company aims to maintain an EBITDA margin of at least 20% over the 2025–2027 period while achieving a gearing ratio of less than 1.0x by the end of 2027 [17][18]

Core Insights - Cuprina Holdings has signed a Memorandum of Understanding (MOU) with Singapore Biowaste Solutions to explore the integration of its medical waste recycling technology into SBS's waste management facility in Singapore [1][2][3] Company Overview - Cuprina Holdings is a biomedical company focused on developing and marketing products for chronic wounds, infertility, and cosmeceuticals [1][6] - Singapore Biowaste Solutions is recognized as Singapore's most advanced provider for biomedical waste disposal and management [7] Collaboration Details - The collaboration aims to reduce reliance on incineration and landfilling, enhance recycling efficiency, and unlock new revenue streams from recycled materials [2][5] - Cuprina will provide technical expertise, training, and support for a feasibility study and pilot program at SBS's facility [3][4] - SBS will contribute operational data, facility access, and regulatory support to ensure compliance with Singapore's environmental standards [4] Technology and Innovation - Cuprina's technology involves a high-temperature steam process known as autoclaving, which sterilizes, decontaminates, and recycles plastic-based medical waste into high-value resins [3] - This technology has been developed under the oversight of the United Nations Industrial Development Organization (UNIDO) and the Global Environment Facility (GEF) [3] Future Prospects - The companies plan to develop revenue-sharing models for the integrated process and explore expansion opportunities across Southeast Asia [5] - Cuprina's CEO expressed optimism that the integrated recycling technology could secure necessary regulatory approvals and commence operations by the end of 2026 [5]

Group 1 - Cielo Waste Solutions Corp. has confirmed that its management is unaware of any material changes in operations that would explain the recent increase in market activity [1] - Cielo focuses on transforming waste materials into high-value products, addressing global waste challenges and contributing to the circular economy while reducing carbon emissions [2] - The company aims to be a leader in the wood by-product-to-fuels industry by utilizing environmentally friendly and economically sustainable technologies [2] Group 2 - Cielo is committed to providing environmental waste solutions that are expected to generate positive returns for shareholders [2] - The company's shares are publicly traded on the TSX Venture Exchange under the symbol "CMC" and on the OTCQB under the symbol "CWSFF" [2]

Group 1 - CARBIOS has released its Interim report for the first half of 2025, which is available for shareholders and the financial community [1] - The company focuses on developing and industrializing biological technologies aimed at reinventing the lifecycle of plastics and textiles [2] - CARBIOS has two main technologies: PET biorecycling and PLA biodegradation, which are currently being scaled up to industrial and commercial levels [2] Group 2 - The industrial demonstration plant for biorecycling has been operational since 2021, with the construction of the world's first biorecycling plant expected to resume before the end of 2025, pending additional funding [2] - CARBIOS collaborates with major brands in the cosmetics, food, and apparel industries to enhance the recyclability and circularity of their products [2] - The company is part of the global community of B Corp™ certified companies, indicating a commitment to transforming business models for the common good [2]

Company Update - Envela Corporation plans to report its financial results for the third quarter of 2025 after the market closes on November 5, 2025 [1] Company Overview - Envela Corporation (NYSE American: ELA) is a leading provider of re-commerce services, focusing on sustainability and innovation within the circular economy [3] - The company aims to extend product lifecycles to minimize resource consumption and carbon emissions, contributing to environmental sustainability [3] Business Segments - Envela operates through two primary business segments: Consumer and Commercial [4] - The Consumer segment includes retail stores and online platforms offering premium brands and luxury hard assets [4] - The Commercial segment provides tailored re-commerce solutions to clients, including many Fortune 500 companies [4]

Core Insights - Verkkokauppa.com Oyj experienced significant revenue growth and operational efficiency, leading to strong financial performance in the first nine months of 2025, with revenue increasing by 9.3% to EUR 358.2 million compared to EUR 327.7 million in the same period last year [5][25][32] - The company reported a notable improvement in profitability, with the operating result (EBIT) rising to EUR 12.2 million from a loss of EUR 2.3 million in the previous year, reflecting a strong recovery in its core business [5][32] - The sale of the consumer financing business contributed positively to the financial results, providing a non-recurring gain that bolstered the operating result [10][35] Financial Performance - For Q3 2025, revenue reached EUR 131.2 million, a 14.9% increase from EUR 114.2 million in Q3 2024, driven by strong online sales growth of 23.1% [4][5][17] - Gross profit for the first nine months was EUR 62.5 million, with a gross margin of 17.4%, up from 16.0% in the previous year [5][30] - The comparable operating result improved to EUR 9.1 million from a loss of EUR 1.9 million, indicating a recovery in operational efficiency [5][32] Market Dynamics - The consumer electronics market showed moderate growth, with Verkkokauppa.com leading in multiple categories, particularly in IT products due to the transition to Windows 11 [16][17] - International sales surged by 34.5% year-over-year, highlighting the company's successful expansion strategy [11][17] - Online sales accounted for 68.9% of total revenue, reflecting a continued shift towards e-commerce [19][27] Strategic Initiatives - The company focused on enhancing operational efficiency, resulting in a solid gross margin of 16.6% supported by improved commercial terms and inventory management [9][22] - Verkkokauppa.com is committed to strengthening its market position through strategic initiatives, including expanding its service offerings and enhancing delivery capabilities [12][42] - The company has signed a long-term partnership with Walley for consumer financing, which is expected to support growth and long-term objectives [37] Investment and Financial Position - Investments in IT infrastructure and operational efficiency totaled EUR 2.2 million in the first nine months of 2025, reflecting the company's commitment to enhancing its capabilities [34] - The financial position was strengthened by the sale of the consumer financing business, which provided a significant cash inflow and improved the balance sheet [10][35] - Operating cash flow for the first nine months was EUR 14.6 million, a significant recovery from a negative cash flow in the previous year [33]

Core Insights - Group sales for the first nine months of 2025 decreased by 4.4% year on year, amounting to €19.3 billion, primarily due to a challenging economic environment and increased competition in Q3 [3][4][36] Sales Performance - The overall tire market performance reflects a contraction in the Original Equipment segment in Europe and North America, while the Replacement segment was influenced by budget tire imports [2][5] - Segment sales for Automotive and Two-wheel reached €10.5 billion, down 2.5% from the previous year, with volumes declining by 2.9% [6][37] - Road Transportation segment sales fell by 8.1% to €4.5 billion, driven by a significant drop in Original Equipment markets [6][45] - Specialty businesses reported a decline of 5.0% in sales, totaling €4.3 billion, with volumes decreasing by 4.5% [6][49] Market Dynamics - In the Passenger Car & Light Truck tire market, Original Equipment demand rose by 2% globally, with a notable 9% increase in China, while Europe and North America saw declines of 6% and 3% respectively [8][9] - The Replacement tire market globally edged up by 1%, with Europe experiencing a 4% increase, largely due to low-cost tire imports [15][16] - Truck tire markets (excluding China) saw a 2% increase in the global Original Equipment and Replacement market, but North America faced a 20% decline [20][21][23] Financial Outlook - The Group adjusted its financial outlook for 2025 and 2026, with Segment Operating Income expected between €2.6 billion and €3.0 billion, down from previous expectations [4][36] - Free cash flow before M&A is anticipated to be between €1.5 billion and €1.8 billion, also revised down from earlier forecasts [36] Currency and Price Effects - A negative currency effect of 2.3% was noted, primarily due to the weaker US dollar against the euro [36] - The price-mix effect remained positive at +3.2%, although it softened in recent months amid increased competition [36][43] Specialty Tire Markets - Demand for specialty tires, particularly in the Mining and Aircraft segments, showed growth, while Agricultural and Construction tire markets continued to decline [28][30][51] - The Polymer Composite Solutions market exhibited mixed trends, with stable demand in some segments and declines in others [34][53] Non-Financial Performance - The Group is recognized for its commitment to environmental, social, and governance (ESG) performance, with a focus on sustainability initiatives [54]