Core Points - Shell plc announced an interim dividend of US$ 0.358 per ordinary share for Q1 2025 [1] - Shareholders can choose to receive dividends in US dollars, euros, or pounds sterling [2] - The payment date for the dividend is set for June 23, 2025 [5] Dividend Details - The equivalent dividend payments in pounds sterling and euros will be announced on June 9, 2025 [3] - For American Depositary Shares (ADSs), the dividend will be US$ 0.716 per ADS, with each ADS representing two ordinary shares [4] - The ex-dividend date for ordinary shares is May 15, 2025, and for ADSs, it is May 16, 2025 [5] Dividend Timetable - Announcement date: May 2, 2025 [5] - Record date: May 16, 2025 [5] - Closing of currency election date: June 2, 2025 [5] Additional Information - Shareholders can participate in Dividend Reinvestment Plans (DRIPs) to reinvest dividends into purchasing more shares [8] - Tax treatment of dividends should be consulted with a tax advisor [7]

Core Insights - Shell reported strong financial results for Q1 2025, with adjusted earnings of $5.6 billion, reflecting robust performance across various business segments [5][3][11] - The company completed the acquisition of Pavilion Energy, enhancing its LNG business, and divested from the Nigeria onshore and Singapore Energy and Chemicals Park, optimizing its portfolio [1][5][4] - Shell announced a $3.5 billion share buyback program for the next three months, marking the 14th consecutive quarter of buybacks of at least $3 billion [2][5][6] Financial Performance - Adjusted Earnings for Q1 2025 were $5.6 billion, with adjusted EBITDA at $15.25 billion and cash flow from operations (CFFO) at $9.28 billion [3][5] - CFFO excluding working capital was $11.9 billion, with a working capital outflow of $2.7 billion [5][6] - The company maintained a resilient balance sheet with net debt of $41.5 billion and gearing of 19% [6][5] Segment Performance Integrated Gas - Adjusted earnings were $2.48 billion, with adjusted EBITDA of $4.74 billion [3] - LNG sales volumes increased to 16.5 million tonnes in Q1 2025, up from 15.5 million tonnes in Q4 2024 [8] Upstream - Adjusted earnings were $2.34 billion, with adjusted EBITDA of $7.39 billion [3] - Liquids production remained stable at 1,335 kboe/d, while gas production was slightly lower at 3,020 million scf/d [9] Marketing - Adjusted earnings were $0.9 billion, with marketing sales volumes at 2,674 kb/d [3][10] - Mobility sales volumes decreased to 1,964 kb/d, while lubricants sales increased to 87 kb/d [10] Chemicals & Products - Adjusted earnings were $0.45 billion, with refinery processing intake rising to 1,362 kb/d [3][14] - Global indicative refining margin improved to $6.2 per barrel [14] Renewables & Energy Solutions - Adjusted earnings were negative at $(0.042) billion, but external power sales remained stable at 76 TWh [3][15] - Renewables power generation capacity increased to 7.5 GW [15] Strategic Outlook - The company has a disciplined capital allocation strategy, with a cash capex outlook of $20-22 billion for 2025 [5] - Total shareholder distributions over the last four quarters accounted for 45% of CFFO, aligning with the target of 40-50% [5]

VANCOUVER, British Columbia, May 01, 2025 (GLOBE NEWSWIRE) -- Eldorado Gold Corporation (“Eldorado” or “the Company”) announces that the Toronto Stock Exchange (the “TSX”) has accepted the notice filed by the Company to amend its normal course issuer bid (the “NCIB”) effective as of May 6, 2025. The amendment increases the maximum number of common shares (the "Shares") of the Company that may be repurchased from the current 350,000 Shares to 10,245,474 Shares, representing approximately 5% of the total 204, ...

Not for distribution to United States newswire services or for dissemination in the United States. TORONTO, May 01, 2025 (GLOBE NEWSWIRE) -- Volatus Aerospace Inc. (TSXV:FLT) (OTCQX:TAKOF) (Frankfurt: ABB) (“Volatus” or the “Company”) is pleased to announce that it has closed its previously announced upsized and fully subscribed non-brokered listed issuer financing exemption (LIFE) private placement (the "LIFE Offering"). The Company issued 25,000,000 units of the Company ("Units") at a price of $0.12 per U ...

Vi skal herved oplyse, at bestyrelsen i Investeringsforeningen Maj Invest d.d. har besluttet at nedbringe den midlertidige forhøjelse af emissionstillæg og indløsningsfradrag for de nedenfor nævnte afdelinger gældende fra den 2. maj 2025. Beslutningen er en opfølgning på forhøjelsen gældende fra den 10. april 2025. Normal Gældende fra 10. april 2025 Gældende fra 2. maj 2025Afdelinger/AndelsklasserEmissionIndløsning EmissionIndløsning EmissionIndløsningDanske Obligationer0,050,10 0,150,20 0,100,15Globale Ob ...

Financial Data and Key Metrics Changes - The company generated $422 million in revenue for Q1 2025, with adjusted gross profit of $136 million and adjusted EBITDA of $73 million [16] - Average utilization of the rental fleet was just under 78%, up from 73% in Q1 2024, indicating improved operational efficiency [16][17] - Total OEC (Original Equipment Cost) in the rental fleet reached $1.55 billion, marking a $95 million increase year-over-year [19] Business Line Data and Key Metrics Changes - The ERS (Equipment Rental Services) segment reported revenue of $154 million, a 13% increase from $136 million in Q1 2024, driven by strong rental demand [17][18] - PES (Product Equipment Sales) segment saw equipment sales of $232 million, slightly down from the previous year, but with a backlog increase of $51 million or 14% [20][21] - APS (Aftermarket Parts and Services) business revenue remained flat at $35 million, with adjusted gross profit margin at 22% [22] Market Data and Key Metrics Changes - The company noted sustained demand in core T&D (Transmission and Distribution) markets, with strong order flow and rental demand expected to persist through 2025 [6][10] - The backlog in the PES segment is at just over $420 million, aligning with historical averages, indicating a healthy pipeline for future sales [21] Company Strategy and Development Direction - The company plans to continue investing in its rental fleet to meet current and projected demand, with a focus on maintaining strong relationships with suppliers [9][22] - Management expressed confidence in achieving growth targets for 2025, reaffirming revenue guidance of $1.97 billion to $2.06 billion and adjusted EBITDA guidance of $370 million to $390 million [24][25] Management's Comments on Operating Environment and Future Outlook - Management acknowledged economic uncertainties due to evolving U.S. tariff policies but maintained a positive outlook based on strong demand drivers and customer engagement [6][14] - The company is monitoring potential impacts of chassis emission regulations and believes its current inventory levels will support production needs [12][13] Other Important Information - Borrowings under the ABL (Asset-Based Lending) at the end of Q1 were $655 million, with a net leverage of 4.8 times [23] - The company aims to reduce net leverage to below three times by the end of fiscal 2026, targeting significant free cash flow generation in 2025 [24] Q&A Session Summary Question: What gives conviction in the acceleration of revenue growth? - Management highlighted strong demand in the ERS segment, with a 13% revenue growth in Q1 and a robust backlog, indicating positive trends for the remainder of the year [28][31] Question: Does the IJ pause by the Trump administration pose any issues? - Management indicated that they are not seeing delays in projects from customers and emphasized the flexibility of their rental model [32] Question: Can you provide more color on tariff mitigation strategies? - Management discussed strong relationships with chassis suppliers and proactive inventory management to mitigate tariff impacts [40][41] Question: How should we think about inventory reduction by year-end? - Management stated that inventory reduction will be more second-half weighted, with continued inventory purchases expected in Q2 [43] Question: How quickly do orders convert to sales revenue? - Management noted that conversion times vary by product category, with some converting within a month and others taking three to six months [54]

Financial Data and Key Metrics Changes - The company generated $422 million in revenue for Q1 2025, with adjusted gross profit of $136 million and adjusted EBITDA of $73 million [16] - Average utilization of the rental fleet was just under 78%, up from 73% in Q1 2024, indicating improved operational efficiency [16][17] - The total OEC (Original Equipment Cost) in the rental fleet reached $1.55 billion, marking a $95 million increase year-over-year [18] Business Line Data and Key Metrics Changes - The ERS (Equipment Rental Services) segment reported $154 million in revenue, a 13% increase from $136 million in Q1 2024, with both rental revenue and rental asset sales showing significant year-over-year growth [17][18] - The PES (Product Equipment Sales) segment saw equipment sales of $232 million, slightly down from the previous year, but with a backlog increase of $51 million or 14% [19][20] - The APS (Aftermarket Parts and Services) segment maintained revenue at $35 million, flat compared to Q1 2024, with a gross profit margin of 22% [21] Market Data and Key Metrics Changes - The company noted strong demand in core T&D (Transmission and Distribution) markets, driven by increased electricity demand and maintenance spending [6][7] - Average OEC on rent for Q1 was over $1.2 billion, reflecting a 13% year-over-year increase [7][16] - The backlog in the PES segment ended at just over $420 million, consistent with historical averages [20] Company Strategy and Development Direction - The company plans to continue investing in its rental fleet to meet current and projected demand, with a focus on maintaining strong relationships with suppliers [9][21] - Management expressed confidence in achieving growth targets for 2025, reaffirming revenue guidance of $1.97 billion to $2.06 billion and adjusted EBITDA guidance of $370 million to $390 million [23][24] - The company is monitoring U.S. tariff policies closely and has implemented strategies to mitigate potential impacts on operations [11][12] Management's Comments on Operating Environment and Future Outlook - Management remains cautiously optimistic about achieving growth targets despite economic uncertainties related to tariff policies [7][14] - The company highlighted the resilience of its end markets and the importance of long-term relationships with suppliers and customers [14] - Management expects to see continued strong demand in the second half of the year, particularly in the ERS and TES segments [29] Other Important Information - Borrowings under the ABL (Asset-Based Lending) at the end of Q1 were $655 million, with a net leverage of 4.8 times [22] - The company aims to reduce net leverage to below three times by the end of fiscal 2026 [23] Q&A Session Summary Question: What gives you conviction in the acceleration in revenue growth? - Management highlighted strong demand in the ERS segment, with 13% revenue growth in Q1 and a robust backlog, indicating positive trends for the remainder of the year [26][29] Question: Does the IJ pause by the Trump administration create questions for customers? - Management noted that they are not seeing delays in projects from customers and emphasized the flexibility of their rental model [30] Question: Can you provide more color on agreements with vendors to mitigate tariff exposure? - Management discussed strong relationships with chassis suppliers and proactive inventory management to mitigate tariff impacts [38] Question: How should we think about inventory reduction by year-end? - Management indicated that inventory reduction will be more second-half weighted, with continued inventory purchases in Q2 [41] Question: How quickly do orders convert to sales revenue? - Management explained that conversion times vary by product category, with some converting quickly and others taking three to six months [51] Question: What is the target leverage by year-end? - Management aims for meaningful movement in leverage, potentially getting close to or below four times if high-end cash flow targets are met [55]

Financial Data and Key Metrics Changes - Exelon reported operating earnings of $0.92 per share for Q1 2025, up from $0.68 per share in Q1 2024, reflecting a growth of $0.24 per share [17][18] - The earnings increase was primarily driven by $0.14 from new distribution and transmission rates, $0.03 from favorable weather, and $0.02 from tax repairs timing, partially offset by $0.03 from higher interest expenses [17][18] - The company reaffirmed its annualized earnings growth rate of 5% to 7% through 2028, with a projected full-year operating earnings range of $2.64 to $2.74 per share [20][32] Business Line Data and Key Metrics Changes - ComEd and Pepco Holdings are projected to achieve top decile auto frequency and duration performance, while VGE and PECO are in the top quartile [8] - The company has a 17 gigawatt pipeline of opportunity, with an additional 16 gigawatts of high-density load under advanced studies [13][14] Market Data and Key Metrics Changes - The Maryland legislature passed several energy bills aimed at enhancing energy security, including provisions for battery storage and competitive procurement processes [9][40] - PJM has made progress in addressing capacity market issues, with FERC approving solutions that include a temporary price collar [11][12] Company Strategy and Development Direction - Exelon plans to invest $38 billion over the next four years, aiming for a 7.4% rate base growth financed through a balanced mix of debt and equity [15][32] - The company is focused on enhancing customer service and reliability while managing affordability challenges amid economic uncertainties [28][32] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in meeting objectives despite potential legislative impacts on reconciliations in Maryland [36][42] - The company is actively engaging in discussions to address resource adequacy and affordability, emphasizing a portfolio approach to meet future energy needs [87][89] Other Important Information - Exelon has completed nearly 50% of its planned long-term debt financing for 2025, raising $650 million for Pepco Holdings utilities [24][25] - The company is advocating for legislative changes to lower energy costs for customers, particularly regarding the corporate alternative minimum tax [26][30] Q&A Session Summary Question: Impact of new Maryland legislation on reconciliations - Management expects the reconciliation to proceed without hindrance and is confident in meeting future budget objectives despite legislative changes [36][42] Question: FERC two zero six settlement discussions - Management is open to discussions and aims for a quick resolution to support customer needs [44] Question: Involvement in Pennsylvania legislation for regulated generation - Management supports any measures that enhance resource adequacy and affordability for customers [48] Question: Timing for data center load ramp-up - Management anticipates that 10% of the load will be operational by 2028, with a third by 2030 and three-fourths by 2034 [71] Question: Addressing affordability challenges - Management is actively working to assist customers with energy efficiency programs and community engagement to mitigate cost impacts [76][79] Question: Timeline for lessons learned docket in Maryland - Management expects a decision on the lessons learned process by the end of Q2 2025, emphasizing the importance of multi-year plans [82][84]

Financial Data and Key Metrics Changes - Net sales for Q1 2025 were $878 million, slightly down year over year, but outperforming the industry in light vehicle turbo sales, with gasoline applications growing by 6% [7][14] - Adjusted EBIT was $131 million, with an adjusted EBIT margin of 14.9%, up 170 basis points compared to Q1 2024 [8][14] - Adjusted free cash flow was $36 million, in line with expectations for the quarter [8][18] Business Line Data and Key Metrics Changes - Net sales decreased by $37 million year over year, down 4% on a reported basis and 2% on a constant currency basis, with strong growth in gasoline applications offset by diesel softness [16] - Commercial vehicle and aftermarket applications saw lower demand, contributing to the overall sales decline [16] Market Data and Key Metrics Changes - The company has a well-balanced sales split across geographies, with only 20% of sales in North America [9] - Foreign exchange impacts resulted in a $21 million or 2% sales decline, primarily due to a weaker euro [16] Company Strategy and Development Direction - The company aims to identify unmet customer needs and leverage innovation capabilities to develop differentiated solutions at scale [22] - There is a focus on strengthening leadership in the turbo industry while developing new zero-emission and turbo technologies [22] Management Comments on Operating Environment and Future Outlook - Management remains cautious about the impact of tariffs on demand forecasts but has not noticed any material impact so far [8][21] - The 2025 outlook remains unchanged, with net sales expected to be $3.4 billion and adjusted EBIT of $457 million [21] Other Important Information - The company repurchased $30 million of common stock and paid a $12 million quarterly dividend [11][20] - A significant milestone was reached with the first series production award from Hyundai for high-speed technologies [12][24] Q&A Session Summary Question: Comments on North America sales dynamics - Management noted that gasoline sales are ramping up, but there are offsets in commercial vehicle and aftermarket segments that were slightly down [26] Question: Opportunities in gasoline for 2026 and 2027 - Management sees significant opportunities in North America, particularly with carmakers pivoting to hybrids and range-extended electric vehicles [28] Question: Market share in China and EV trends - Management feels positive about market share in China, highlighting strong demand for differentiated technology from both traditional and new carmakers [30][32] Question: Guidance on euro assumptions - Management indicated that if the euro remains above 1.1, there would be favorable impacts on revenue and EBITDA, but guidance remains unchanged for now [33] Question: Exposure to North American tariffs - Management estimates around $60 million in tariffs could be passed through, emphasizing limited exposure from Europe due to regional manufacturing [34][35]

Financial Data and Key Metrics Changes - Net sales for Q1 2025 were $878 million, slightly down year over year, but outperforming the industry in light vehicle turbo sales, with gasoline applications growing by 6% [6][12] - Adjusted EBIT was $131 million, with an adjusted EBIT margin of 14.9%, up 170 basis points compared to Q1 2024 [7][12] - Adjusted free cash flow was $36 million, in line with expectations for the quarter [7][17] Business Line Data and Key Metrics Changes - Net sales decreased by $37 million year over year, down 4% on a reported basis and 2% on a constant currency basis, with strong growth in gasoline applications offset by diesel softness [14] - The company experienced lower demand for commercial vehicles and aftermarket applications [14] Market Data and Key Metrics Changes - The company has a well-balanced sales split across geographies, with only 20% of sales in North America [8] - Foreign exchange impacts resulted in a $21 million or 2% sales decline, primarily due to a weaker euro [14] Company Strategy and Development Direction - The company aims to identify unmet customer needs and leverage innovation capabilities to develop differentiated solutions at scale [21] - Garrett is strengthening its leadership position in the turbo industry while expanding into industrial applications and developing zero-emission technologies [21] Management's Comments on Operating Environment and Future Outlook - Management remains cautious about the impact of tariffs on demand forecasts but has not noticed any material impact so far [7][20] - The 2025 outlook remains unchanged, with net sales expected to be $3.4 billion and adjusted EBIT of $457 million [20] Other Important Information - The company repurchased $30 million of common stock and paid a $12 million quarterly dividend [9][19] - A significant milestone was reached with a series production award from Hyundai for high-speed technologies, targeting production in 2027 [10][23] Q&A Session Summary Question: Comments on North America sales dynamics - Management noted that gasoline sales are ramping up, driven by North America, but there are offsets in commercial vehicle and aftermarket segments [26] Question: Opportunities in gasoline for 2026 and 2027 - Significant opportunities are seen in North America, particularly with carmakers pivoting to hybrids and range-extended electric vehicles [28] Question: Market share in China and EV trends - Management feels positive about market share in China, with strong demand for both passenger and commercial vehicles, especially in hybrids [30][32] Question: Guidance on euro exchange rate impact - If the euro remains above 1.1, there would be favorable impacts on revenue and EBITDA, but guidance remains conservative due to macro uncertainties [34] Question: Exposure to North American tariffs - The company expects to pass through approximately $60 million in tariffs, with limited exposure due to regional manufacturing strategies [35][36]