Core Viewpoint - Marimekko Corporation's Board of Directors has decided to initiate a share buyback program, acquiring up to 90,000 shares, which is approximately 0.22% of the total shares outstanding, starting from 16 February 2026 and expected to conclude by the end of May 2026 [1] Group 1: Share Buyback Details - The Annual General Meeting on 15 April 2025 authorized the acquisition of a maximum of 150,000 shares, representing about 0.4% of the total shares [2] - The shares will be purchased using funds from the company's non-restricted equity, which will reduce the funds available for distribution [2] - The acquired shares may be used for incentive compensation programs, transferred for other purposes, or cancelled, with the authorization valid until 15 October 2026 [2] Group 2: Company Overview - Marimekko Corporation has a total of 40,649,170 shares and currently holds 77,790 of its own shares [3] - In 2025, the company's net sales reached EUR 190 million, with a comparable operating profit margin of 17.1% [3] - Marimekko operates approximately 170 stores globally and serves customers in 39 countries through its online store, with key markets in Northern Europe, the Asia-Pacific region, and North America [3]

Financial Data and Key Metrics Changes - For Q4 2025, the company reported GAAP net income of $0.24 per share, while distributable earnings (DE) were -$2.07 per share, with DE prior to charge-offs at -$0.51 per share, reflecting a 20% increase from Q1 [3][19] - The company paid a dividend of -$0.47 per share for Q4, with DE prior to charge-offs covering the dividend for the second consecutive quarter [4][20] - Book value ended the year at $20.75 per share, which includes $0.47 per share of accumulated depreciation and amortization [21] Business Line Data and Key Metrics Changes - The loan portfolio is now 99% performing, with $575 million of impaired loans resolved during the quarter, reducing the impaired loan balance to just under $90 million [4][12] - The investment portfolio increased to $20 billion, up from $19.5 billion, with the loan portfolio at $18 billion and net lease assets now representing 5% of the portfolio [12][20] - In Q4, the company closed $1.5 billion of investments, including $1.4 billion of new loan originations, all secured by multifamily and industrial assets [10][11] Market Data and Key Metrics Changes - The real estate credit market is highly liquid, with CMBS issuance up 40% year-over-year, indicating increased debt capital availability [5] - New loan requests in January were up 50% from the prior year, reflecting heightened investor enthusiasm [5] - Nearly half of the company's loans are located in international markets, with approximately 40% in Europe, where strong fundamentals are driving demand [14][15] Company Strategy and Development Direction - The company is focusing on diversifying its investment channels, targeting multifamily and industrial loans, and expanding its net lease strategy [4][6] - The strategy includes selectively exiting owned real estate properties to redeploy capital into core investments, aiming to maximize long-term shareholder value [8][16] - The company has been active in share repurchases, with $140 million since the program's inception, indicating confidence in the stock's value [9][19] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the company's performance in 2025, highlighting a strong case for additional upside in the stock as it trades below book value [8][9] - The company anticipates continued positive trends in the real estate market, with expectations for further loan resolutions and capital redeployment [19][50] - Management noted that the current liquidity in the market is beneficial for quicker resolutions of impaired loans, contributing to a stabilized real estate market [56] Other Important Information - The company has a strong balance sheet with $1 billion of liquidity and no debt maturities until 2027 [24][25] - The company has been proactive in accessing various capital markets, executing over $5 billion in transactions in the past year [6][68] - The transition of CFO roles was noted, with Marcin Urbaszek stepping into the position, indicating continuity in leadership [10][25] Q&A Session Summary Question: Thoughts on supporting the value of loans in the portfolio - Management is exploring all opportunities to maximize shareholder value and feels confident about the stock's direction [28] Question: Views on the REO portfolio and specific assets - Management sees improved fundamentals and investor demand in key markets like New York, with potential for exiting assets strategically [31][33] Question: Investment in the Blackstone BREDS Fund - The fund will focus on high-quality core-plus real estate in the U.S. and Canada, with no fees for the fund commitment [37] Question: Future portfolio outlook and focus areas - The company intends to diversify its portfolio while maintaining its core lending strategy, with a focus on risk-adjusted returns [40] Question: Multifamily lending opportunities - Management is optimistic about the multifamily sector, citing structural undersupply and strong performance in their portfolio [44] Question: Timeline for resolving loans and redeploying capital - Management expects to exit certain assets over the year, with a focus on redeploying capital at target returns [50] Question: Impaired loan resolutions and market conditions - The resolution of impaired loans was attributed to the strength of the asset management team and improved market liquidity [56]

Financial Data and Key Metrics Changes - Revenue for the fourth quarter was reported at $466.7 million, a 6.6% increase year-over-year [9] - Year-over-year revenue growth exceeded 7%, with significant free cash flow generated [4] - Net income and diluted earnings per share were reported at $31.2 million and $0.44 per share, including an $8.3 million benefit related to tax treatment [11] - Cash flow from operations was reported at $17.4 million, adjusted to $36.4 million after accounting for a decrease in payroll accrual [11] Business Line Data and Key Metrics Changes - Environmental services segment revenues were reported at $210.8 million with a margin of 12.6% [9] - Dietary services segment revenues were reported at $255.9 million with a margin of 7.2% [9] - Cost of services was reported at $394.6 million, or 84.6%, with a goal to manage it in the 86% range for 2026 [9][10] Market Data and Key Metrics Changes - The company anticipates mid-single-digit revenue growth for 2026, supported by strong industry fundamentals and demographic trends [5][7] - The first baby boomers will turn 80 in 2026, increasing demand for long-term and post-acute care services [5] Company Strategy and Development Direction - The top three strategic priorities for 2026 include driving growth through management development, managing costs through operational execution, and optimizing cash flow [7] - The company plans to repurchase $75 million of common stock over the next 12 months, following the completion of a $50 million share repurchase plan [8][15] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the administration's focus on rationalizing regulations to better align with the needs of vulnerable populations [7] - The company is well-positioned to capitalize on opportunities in the market, with a robust business model and strong balance sheet [45] Other Important Information - The company ended the year with cash and marketable securities of $203.9 million, and an undrawn credit facility of $300 million [14] - The effective tax rate for 2026 is expected to be approximately 25% [11] Q&A Session Summary Question: Revenue upside opportunity in the nursing home sector - Management highlighted that growth is largely execution-based, with a robust sales pipeline and strong demand for services [19] Question: Margin expectations for 2026 - Margins are expected to continue improving due to strong service execution and operational efficiencies [21][22] Question: Split of campus services revenue - Campus services revenue is split evenly between the CSG brand and Meriwether Godsey, with expectations for accelerated organic growth [26][27] Question: Cash from operations trajectory for 2026 - Management expects cash from operations to approximate net income, with consistent margins and revenue growth [29] Question: Balancing share buybacks with M&A opportunities - The company is confident in its liquidity position, allowing for simultaneous focus on organic growth, M&A, and share buybacks [30][31] Question: New business additions for 2026 - Management anticipates continued organic growth driven by execution and a robust pipeline, with timing of new business adds being fluid [36][39] Question: Performance across different facility types - Service execution has remained consistent across all service segments and facility types, with expectations for continued strong performance [41]

Financial Data and Key Metrics Changes - Revenue for the fourth quarter was reported at $466.7 million, a 6.6% increase year-over-year [9] - Year-over-year revenue growth exceeded 7%, with significant contributions from the campus division, which achieved over $100 million in revenue [4] - Net income was reported at $31.2 million, with diluted earnings per share at $0.44, including an $8.3 million benefit related to tax treatment [11] - Cash flow from operations was reported at $17.4 million, adjusted to $36.4 million after accounting for a decrease in payroll accrual [11] Business Line Data and Key Metrics Changes - Environmental services segment revenues were reported at $210.8 million with a margin of 12.6% [9] - Dietary services segment revenues were reported at $255.9 million with a margin of 7.2% [9] - Cost of services was reported at $394.6 million, representing 84.6% of revenue, with a target to manage costs in the 86% range for 2026 [9][10] Market Data and Key Metrics Changes - The company anticipates mid-single-digit revenue growth for 2026, supported by strong industry fundamentals and demographic trends [5][7] - The demand for long-term and post-acute care services is expected to increase significantly as the baby boomer population ages [5] Company Strategy and Development Direction - The company’s strategic priorities for 2026 include driving growth through management development, managing costs through operational execution, and optimizing cash flow [7] - A new $75 million share repurchase plan was announced, following the completion of a $50 million repurchase plan ahead of schedule [8] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the regulatory environment and its alignment with the needs of vulnerable populations [7] - The company is confident in its ability to sustain growth through effective management and execution strategies [19] Other Important Information - The company ended the year with a strong balance sheet, cash and marketable securities of $203.9 million, and an undrawn credit facility of $300 million [14][15] - The company has upgraded contracts to improve pricing mechanics and cash flow, resulting in better margin visibility and collection trends [12] Q&A Session Summary Question: Revenue upside opportunity in the nursing home sector - Management highlighted that growth is execution-based, with a robust sales pipeline and strong demand for services [19] Question: Margin expectations for 2026 - Management noted that margins have expanded due to service execution and operational efficiencies, with a target to manage costs of services at 86% [21][22] Question: Split of campus services revenue and growth potential - Campus services revenue is split evenly between the CSG brand and Meriwether Godsey, with expectations for accelerated organic growth [25][27] Question: Cash flow from operations trajectory for 2026 - Management expects cash flow from operations to approximate net income, with consistent margins and revenue growth [29] Question: Balancing share buybacks with M&A opportunities - Management indicated that the strong liquidity position allows for pursuing share buybacks, organic growth, and M&A without compromising any priorities [30][31] Question: New business additions and growth drivers - Management anticipates continued organic growth driven by execution and a robust pipeline, with timing of new business adds being fluid [36][39]

Core Viewpoint - KANZHUN LIMITED is actively executing its share repurchase program, demonstrating a strong commitment to enhancing shareholder returns [1] Group 1: Share Repurchase Program - The company utilized over RMB 40 million to repurchase 650,180 ordinary shares on February 9 and 10, 2026 [1] - In 2026, KANZHUN LIMITED has deployed nearly RMB 260 million toward share repurchases [1] - The company maintains authorization to repurchase up to USD 250 million worth of its shares, with the program active until the end of August 2026 [1]

February 10, 2026 Capital Markets Day International Petroleum Corp. 2026 International Petroleum Corp. Agenda Capital Markets Day February 10, 2026 | 1 | Introduction | William Lundin | | --- | --- | --- | | 2 | 2026 Outlook | Nicki Duncan | | 3 | Asset Overview | Chris Hogue and Nicki Duncan | | 4 | Financial Overview | Christophe Nerguararian | | 5 | Reserves Valuation | Rebecca Gordon | | 6 | Conclusion | William Lundin | NC00409 Intro p02 02.26 IPC CMD 2026 2 Presenting today Nicki Duncan COO Chris Hogu ...

Core Viewpoint - Empery Digital (EMPD) has made significant progress in its share repurchase program, repurchasing over 15 million shares while also managing its cryptocurrency holdings and debt obligations [1] Share Repurchase Program - As of February 6, 2026, the company has repurchased 15,403,738 shares under its $200 million share repurchase program at an average price of $6.71 per share, including fees and commissions [1] - The current number of shares outstanding is 36,016,497, accounting for the potential exercise of 870,240 pre-funded warrants [1] Cryptocurrency Transactions - During the week ending February 6, 2026, the company sold 357.7 BTC at an average price of $67,907 per BTC, generating approximately $24 million in gross proceeds [1] - The company currently holds 3,723.7 BTC in its treasury [1] Debt Management - Management plans to allocate a portion of the sale proceeds from BTC to partially repay outstanding debt, aiming to manage risk prudently amid increased volatility in bitcoin [1]

Core Viewpoint - OpenText has increased its share repurchase program to a total of US$500 million, reflecting confidence in its cash flow and capital allocation strategy [1]. Share Repurchase Program - The company raised the authorized limits of its Fiscal 2026 share repurchase program by US$200 million, from US$300 million to US$500 million [1]. - The maximum number of common shares that can be acquired remains at 24,906,456, as previously approved by the Toronto Stock Exchange [1]. - As of January 31, 2026, OpenText has repurchased approximately US$190 million worth of common shares, including about 5 million shares for an aggregate value of approximately US$165 million since the start of the program [1]. Duration and Mechanism - The normal course issuer bid (NCIB) is effective for a 12-month period from August 12, 2025, to August 11, 2026, with the possibility of earlier termination if maximum purchase limits are reached [1]. - Common shares can be repurchased through open market transactions on the TSX, NASDAQ Global Select Market, and alternative trading systems in Canada and the U.S. [1]. - An automatic share purchase plan (ASPP) is in place to facilitate these repurchases, and purchases under the ASPP will count towards the total under the NCIB [1].

Core Insights - Voya Financial reported strong financial performance for 2025, exceeding targets with over $1 billion in pre-tax adjusted operating earnings and $775 million in excess capital generation [1][3][7] - The company achieved a 22% increase in earnings per share (EPS), reaching $8.85, with a notable 39% year-over-year growth in Q4 EPS [2][7] Financial Performance - Pre-tax adjusted operating earnings were more than $1 billion, an increase of $168 million from the previous year [2] - Adjusted return on equity expanded by over 200 basis points to 18.6% [1] - The company generated $775 million in excess cash for 2025, surpassing its $700 million target [1][3] Business Segments Retirement - The Retirement segment had a record year, generating nearly $1 billion in adjusted operating earnings, up 17% from 2024 [8] - Defined contribution net flows exceeded $28 billion, the highest in the company's history, contributing to a 30% increase in total DC assets to approximately $730 billion [9] - Fee-based revenue in Retirement surpassed $1.4 billion, driven by commercial momentum and the integration of OneAmerica [8][9] Investment Management - Investment Management achieved record annual net revenue of $1 billion, with 4.8% organic growth, exceeding long-term targets [10] - The segment's performance was supported by broad-based flows of about $15 billion across various channels and strategies [10] - Adjusted operating earnings for Investment Management were $226 million, with both institutional and retail revenues increasing year-over-year [10][11] Employee Benefits - Employee Benefits showed significant margin recovery, with adjusted operating earnings rising to $152 million from $40 million the previous year [12] - Stop Loss loss ratios improved from 94% to 84%, despite a $37 million reserve build in Q4 [5][13] - The company achieved an average net effective rate increase of 24% for January 2026, up from 21% the previous year [15] Capital Deployment and Future Priorities - Voya plans to repurchase $150 million of shares in Q1 and expects a similar pace in Q2 of 2026 [17] - Future priorities include growing excess cash generation, maintaining balance sheet strength, and improving Employee Benefits margins [18] - The company is assessing M&A opportunities in the retirement sector while prioritizing shareholder capital returns [18]

Core Insights - Magnolia Oil & Gas Corporation (MGY) reported a fourth-quarter 2025 net profit of 37 cents per share, exceeding the Zacks Consensus Estimate of 36 cents, although it decreased from 49 cents in the same quarter last year [1] - The company's total revenues were $318 million, surpassing the Zacks Consensus Estimate of $312 million, but down 2.7% from $327 million in the previous year due to lower oil and natural gas liquids revenues [2] Revenue Breakdown - Revenues from oil amounted to $215.6 million, a 12.5% decrease from $246.5 million in the year-ago quarter, but slightly above the consensus estimate of $215 million [3] - Natural gas revenues increased significantly to $52.9 million from $28.4 million year-over-year, beating the consensus estimate of $49.6 million [3] - Natural gas liquids revenues were $49.1 million, down from $51.7 million in the previous year, but above the consensus estimate of $47.4 million [3] Cash Flow and Dividends - The company generated $208.4 million in net cash from operating activities and achieved a free cash flow of $74.7 million [4] - Magnolia declared a cash dividend of 16.5 cents per share for Class A Common stock and 15 cents per Class B unit, marking a 10% increase in the quarterly dividend rate, resulting in an annualized dividend of 66 cents per share [4] Share Repurchase and Returns - In the fourth quarter, Magnolia repurchased 2.4 million Class A Common shares for $53.4 million and increased its share repurchase authorization by an additional 10 million shares, totaling 12.9 million shares remaining for repurchase [5] - The company returned 110% of free cash flow to shareholders through dividends and buybacks [5] Production and Prices - Average daily total output was 103,799 barrels of oil equivalent per day (boe/d), an 11.5% increase from 93,096 boe/d in the year-ago quarter, exceeding the Zacks Consensus Estimate of 101,173 boe/d [6] - Oil volumes were 40,730 barrels per day (bpd), up 4.9% from the previous year, surpassing the estimate of 40,262 bpd [6] - Natural gas volumes reached 196,618 thousand cubic feet per day (Mcf/d), a 17.7% increase from the previous year, exceeding the estimate of 192,400 Mcf/d [7] - The average realized crude oil price was $57.54 per barrel, a 16.6% decrease from $69.01 in the year-ago period [7] Price Realizations - The average realized natural gas price was $2.92 per Mcf, significantly up from $1.85 year-over-year, beating the estimate of $2.83 [9] - The average realized natural gas liquids price was $17.63 per barrel, down 17.1% from the previous year, missing the estimate of $18 [9] - The average sales price was $33.26 per boe compared to $38.13 a year ago [9] Financial Position - As of December 31, 2025, Magnolia had cash and cash equivalents of $266.8 million and long-term debt of $393.2 million, resulting in a debt-to-capitalization ratio of 16.8% [10] - The company spent $116.5 million on its capital program in the reported quarter, with operating expenses increasing to $223.5 million from $202.5 million in the previous year [10] Guidance - For Q1 2026, Magnolia expects D&C capital spending to be about $125 million, with total production estimated at roughly 102 Mboe/d [11] - For the full year of 2026, total D&C capital spending is estimated to range between $440 million and $480 million, supporting approximately 5% total production growth [12]