BOSTON--(BUSINESS WIRE)--Orbia Advance Corporation, S.A.B. de C.V. (BMV: ORBIA*), has been named a member of the S&P Global Sustainability Yearbook for the fifth consecutive year, which honors best- in-class global sustainability companies evaluated through the S&P Global Corporate Sustainability Assessment (CSA). "Orbia's continued inclusion in this leading sustainability ranking underscores our conviction that sustainability is a driver of longterm value creation,†said Tania Rabasa K. ...

Financial Data and Key Metrics Changes - In 2025, the company produced just over 2 million ounces of gold, achieving a 66% increase in margins compared to a 43% increase in gold prices, resulting in record free cash flow generation of $769 million in Q4 and $2.5 billion for the full year [4][5] - Cost of sales for Q4 was $1,289 per ounce, with all-in sustaining costs at $1,825 per ounce, higher than the previous quarter due to increased gold prices and lower planned production [12] - Full-year cost of sales was $1,135 per ounce, and all-in sustaining costs were $1,571 per ounce, in line with guidance despite higher royalties [13] Business Line Data and Key Metrics Changes - Tasiast and Paracatu mines accounted for approximately 1.1 million ounces of production in 2025, with Paracatu exceeding 600,000 ounces and Tasiast being the highest margin operation [5][22] - La Coipa met full-year production guidance with a strong performance in Q4, producing 67,000 ounces [24] - U.S. assets collectively produced 676,000 ounces at a cost of sales of $1,426 per ounce, in line with guidance [24] Market Data and Key Metrics Changes - The company expects production to remain around 2 million ounces through the end of the decade, supported by higher-grade mining at Tasiast and U.S. projects [9] - Cost inflation is anticipated, primarily due to higher royalties and inflation, with guidance for 2026 set at $1,360 per ounce for cost of sales and $1,730 per ounce for all-in sustaining costs [17] Company Strategy and Development Direction - The company is proceeding with construction of three high-quality organic growth projects to extend mine life and enhance long-term costs [7] - A disciplined capital allocation strategy will be maintained, focusing on reinvesting in operations while returning approximately 40% of free cash flow to shareholders through dividends and share repurchases [19] - The company aims to strengthen its balance sheet while investing in operations to maintain a reliable, low-risk business [10] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the business outlook, highlighting strong operational performance and cash flow generation [47] - The company is committed to responsible mining and sustainability, with plans to publish an annual sustainability report [10][11] - Future capital allocation will focus on maintaining a strong balance sheet while investing in growth opportunities [19] Other Important Information - The company received a credit rating upgrade from Moody's, improving from Baa3 to Baa2 [15] - Significant progress was made in sustainability initiatives, including a 1.5% reduction in greenhouse gas emissions [11] Q&A Session Summary Question: On Great Bear, the One Project One Process designation - Management confirmed that the designation represents an important milestone and will facilitate the provincial permitting process, with targeted first gold production in late 2029 [51][53] Question: 2026 cost guidance breakdown - The increase in all-in sustaining costs is primarily due to inflation and higher royalties, with a 10% overall increase expected [56] Question: Capital allocation and cash returns - The company plans to return capital primarily through buybacks, with a focus on maintaining a strong balance sheet while reinvesting in the business [61][63] Question: Updates on Great Bear and Lobo-Marte - Management clarified that updates will focus on milestones for Great Bear, including permitting and construction progress, while Lobo-Marte will have a specific project update on economics [86] Question: Labor contract renewals - Ongoing negotiations for the Paracatu contract are in progress, with other sites having completed their agreements [80]

Financial Data and Key Metrics Changes - In 2025, the company produced just over 2 million ounces of gold, achieving a 66% increase in margins compared to a 43% increase in gold prices, resulting in record free cash flow generation of $769 million in Q4 and $2.5 billion for the full year [4][5] - The cost of sales for Q4 was $1,289 per ounce, with all-in sustaining costs at $1,825 per ounce, which were higher than the previous quarter due to increased gold prices and lower planned production [12] - Full-year cost of sales was $1,135 per ounce, and all-in sustaining costs were $1,571 per ounce, in line with guidance despite higher royalties [13] Business Line Data and Key Metrics Changes - Tasiast and Paracatu mines together accounted for approximately 1.1 million ounces of production, with Paracatu exceeding 600,000 ounces and Tasiast being the highest margin operation [5][21] - La Coipa met full-year production guidance with a total of 232,000 ounces, while U.S. assets collectively produced 676,000 ounces at a cost of sales of $1,426 per ounce [24][25] Market Data and Key Metrics Changes - The company expects production to remain around 2 million ounces through the end of the decade, supported by higher-grade mining at Tasiast and new U.S. projects [9] - Cost guidance for 2026 is set at $1,360 per ounce for cost of sales and $1,730 per ounce for all-in sustaining costs, reflecting a 10% increase compared to 2025 due to higher royalties and inflation [16] Company Strategy and Development Direction - The company is proceeding with construction of three high-quality organic growth projects to extend mine life and enhance long-term costs [7] - A disciplined capital allocation strategy will be maintained, focusing on reinvesting in operations while returning approximately 40% of free cash flow to shareholders through dividends and share repurchases [18] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the business outlook, emphasizing strong operational performance and cash flow generation, alongside a commitment to responsible mining and sustainability [46] - The company anticipates higher costs due to inflation and royalties but aims to maintain cost discipline [10] Other Important Information - The company ended the year with approximately $1 billion in net cash and received a credit rating upgrade from Moody's to Baa2 [14][15] - Sustainability initiatives included a 1.5% reduction in greenhouse gas emissions and support for health clinics in Mauritania [11] Q&A Session Summary Question: On Great Bear, the One Project One Process designation - Management confirmed that the designation streamlines the provincial permitting process and enhances relationships with the provincial government, facilitating project advancement [50][51] Question: 2026 cost guidance breakdown - The increase in all-in sustaining costs is primarily due to inflation and higher royalties, with a smaller portion attributed to mine plan sequencing [54] Question: Capital allocation and cash returns - The company prefers buybacks over special dividends for capital returns, aiming to reduce share count and improve per-share metrics [59][60] Question: Updates on Great Bear and Lobo-Marte - Management clarified that updates will focus on ongoing permitting and milestones rather than a new technical study [84] Question: Labor contract renewals - Ongoing negotiations for the Paracatu contract are in progress, with inflation impacts varying by country [82]

Kinross Gold (NYSE:KGC) Q4 2025 Earnings call February 19, 2026 08:00 AM ET Speaker7Thank you for standing by. My name is Kate, and I will be your conference operator today. At this time, I would like to welcome everyone to Kinross Gold fourth quarter and year-end 2025 results conference call and webcast. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question and answer session. If you would like to ask a question during this time, simply pr ...

Kinross Gold Corporation (TSX: K; NYSE: KGC) Fourth Quarter and Year-End 2025 Fourth Quarter and Year-End 2025 Delivering Value. Fourth Quarter and Year End 2025 Results February 19th, 2026 Fourth Quarter and Year-End 2025 Kinross Gold Corporation (TSX: K; NYSE: KGC) Fourth Quarter and Year-End 2025 Conference Call Participants Paul Rollinson Chief Executive Officer Geoff Gold President Claude Schimper EVP & Chief Operating Officer Andrea Freeborough EVP & Chief Financial Officer William Dunford SVP & Chief ...

DANBURY, Conn., Feb. 19, 2026 (GLOBE NEWSWIRE) -- FuelCell Energy, Inc. (Nasdaq: FCEL) today released its 2025 Annual Report and 2025 Sustainability Report. Together, the reports detail the company’s financial and operational performance for fiscal year 2025 and its continued progress toward its long-term focus on distributed generation, disciplined growth, manufacturing scale, and profitability while advancing sustainability through innovation and clean energy technologies. The 2025 Annual Report Highlight ...

Core Insights - AB Electrolux has published its 2025 Annual Report, highlighting a renewed strategy focused on growth and operating margin targets [1] Group 1: Renewed Strategy - The renewed strategy is centered around four key pillars: cash generation, cost leadership, lifetime value creation, and consumer preference [1] - Cash generation aims for organic growth and healthy margins through disciplined financial management, reduced capital expenditure, and investment decisions focused on measurable returns [1] - Cost leadership emphasizes product cost-out, value engineering, and enhanced supplier strategy to drive efficiency and reduce costs [1] - Lifetime value creation focuses on connected products that enhance durability and consumer value, aiming to engage consumers throughout the ownership journey [1] - Consumer preference involves refining brand positioning and launching new products under Electrolux, AEG, and Frigidaire, which received high consumer ratings [1] Group 2: Sustainability Highlights - The Group achieved a total case incident rate of 0.33, indicating strong health and safety performance [1] - Recycled materials accounted for 23% of the materials used in products manufactured by the Group [1] - In 2025, 97% of electricity and 67% of total energy in operations came from renewable sources [1] - Emissions were reduced by 45% in Scope 1 and 2, and by 33% in Scope 3 compared to 2021 [1] - The most resource-efficient products accounted for 26% of total units sold and 36% of gross profit [1]

Core Insights - Air France-KLM achieved an operating result exceeding €2 billion for the first time in its history, with a margin improvement to 6.1% in FY 2025, reflecting disciplined execution and ongoing transformation efforts [1][7][5]. Financial Performance - The Group's revenues increased by 4.9% year-on-year to €33.0 billion, driven by the Passenger network, Maintenance, and Transavia [3]. - The operating result for FY 2025 was €2.0 billion, an improvement of €0.4 billion compared to FY 2024, with a net income of €1.754 billion, up €1.265 billion year-on-year [2][5]. - Group passenger numbers rose to 102.8 million, a 5.0% increase from the previous year, with capacity and traffic also showing growth [5][8]. Operational Metrics - The Group's passenger load factor slightly decreased to 87.2%, while capacity increased by 4.9% and traffic by 4.3% [5][8]. - Unit revenue per available seat kilometer (ASK) increased by 1.0% at constant currency, supported by premiumization strategies [3][6]. - Unit costs increased by 1.2%, reflecting disciplined cost management and productivity gains, despite higher air traffic control and airport charges [3][11]. Cash Flow and Debt Management - The Group reported a positive operating free cash flow of nearly €2 billion, with recurring adjusted operating free cash flow reaching €1.030 billion, up €760 million year-on-year [12][4]. - Net debt increased to €8.4 billion, with a leverage ratio of 1.7x, stable compared to 2024 [13][14]. Fleet and Sustainability Initiatives - Fleet renewal accelerated, with 35% of the fleet consisting of new-generation aircraft, up 8 percentage points from 2024 [25][24]. - The Group incorporated 244 kilotons of sustainable aviation fuel (SAF), representing 2.9% of total fuel, significantly above legal mandates [26][22]. M&A Activities - Air France-KLM plans to increase its stake in SAS to 60.5%, with a closing targeted in the second half of 2026 [17][18]. - The Group also acquired a stake in WestJet, enhancing its strategic partnerships in the North American market [19][20]. Future Outlook - For FY 2026, the Group expects capacity growth of 3% to 5%, with a focus on premiumization and cost discipline [43][48]. - The operating margin is projected to exceed 8%, with significant positive adjusted operating free cash flow anticipated [48].

Core Insights - The collaboration between Primo Brands, Onyx Renewables, and PowerFlex has led to the energization of a 13-megawatt DC solar project at the Poland Spring facility in Hollis, Maine, which is expected to generate over 18 million kilowatt-hours of clean electricity annually [1][2] - The project aims to reduce the carbon footprint of the facility, providing long-term cost predictability and supporting local community sustainability efforts [1][2] Company Overview - Primo Brands is a leading North American beverage company focused on healthy hydration, with a diverse portfolio that includes well-known brands such as Poland Spring® and Pure Life® [2] - The company operates a vertically integrated distribution network, reaching over 200,000 retail outlets and offering direct delivery services to homes and businesses [2] - Primo Brands emphasizes sustainability through reusable packaging and responsible water resource management, conserving over 28,000 acres of land across North America [2] Project Details - The solar project is designed as a non-export, behind-the-meter system, maximizing onsite solar production and providing budget certainty for Primo Brands under a long-term power purchase agreement (PPA) [1] - Expected benefits include avoiding over 7,500 metric tons of CO2 emissions annually and enhancing operational efficiency by mitigating exposure to future grid price volatility [1] Strategic Partnerships - Onyx Renewables serves as the long-term owner and operator of the solar system, while PowerFlex acted as the development and engineering partner, managing the project's development, interconnection, and permitting processes [1] - The collaboration highlights the growing demand for large onsite solar systems as companies seek to manage energy costs and reduce emissions [1] Industry Impact - The project contributes to Maine's goal of achieving 80% clean electricity supply by 2030 and 100% by 2040, showcasing the commitment of companies like Primo Brands to sustainability and energy transition [1] - The initiative reflects a broader trend in the industry where businesses are increasingly adopting distributed generation solutions to enhance energy resilience and cost predictability [1]

Financial Data and Key Metrics Changes - For the full year 2025, core FFO was reported at $0.87 per diluted share, with Q4 core FFO at $0.23 per diluted share [24] - Same-store property cash NOI increased by 3.4% year-over-year for Q4 and 60 basis points for the full year [24] - Operating expenses increased by 1.7% for Q4 and 3.4% for the full year, primarily due to higher real estate taxes and cleaning-related labor costs [25] Business Line Data and Key Metrics Changes - The office portfolio is 93.5% leased, reflecting strong demand for top-quality, modernized buildings [8][19] - The observatory business generated approximately $24 million of NOI in Q4 and $90 million for the full year, with revenue per capita increasing by 6.9% year-over-year in Q4 [25][9] - The multifamily portfolio reported occupancy just under 98%, with revenue increasing by 9% year-over-year in Q4 [23] Market Data and Key Metrics Changes - The leasing team signed over 458,000 sq ft of new and renewal leases in Q4, achieving positive mark-to-market lease spreads of 6.4% in the Manhattan office portfolio [20] - The market for large block, institutional quality office space remains supply-constrained, with strong demand [15] - The company anticipates a year-end occupancy guidance of 90%-92% for 2026, despite expected temporary dips [22][27] Company Strategy and Development Direction - The company has transformed its portfolio to a 100% New York City focus, enhancing cash flow and portfolio quality [12][8] - Management emphasizes disciplined capital allocation and opportunistic share repurchases as part of their strategy [17][18] - The company aims to leverage its operating platform to drive occupancy, rents, and returns in a competitive market [15] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the long-term cash growth potential of the portfolio, despite known tenant rollovers impacting FFO growth in 2026 [8] - The company remains focused on enhancing the guest experience and broadening marketing reach for the observatory, anticipating a recovery in international visitation [48][30] - Management acknowledged the impact of external factors, such as potential increases in property taxes, but remains optimistic about leasing demand [38][44] Other Important Information - The company completed $1 billion in acquisitions of high-quality real estate, improving cash flow and portfolio quality [8][11] - The company achieved the highest possible GRESB rating for the sixth consecutive year, reflecting its commitment to sustainability [10] - The company has a well-laddered maturity schedule with no unaddressed debt maturities until March 2027 [11] Q&A Session Summary Question: Outlook on leasing activity for Q1 2026 - Management indicated strong market tenor with over 170,000 sq ft of leases in the pipeline for Q1 and Q2 [33] Question: Details on the sale of the Stamford asset - The asset was sold for mid-$60 million, aligning with capital recycling objectives [34] Question: Impact of proposed property tax increases - Management stated that any increase would be passed through to tenants, and they remain focused on market conditions [38][39] Question: Effects of AI on leasing decisions - Management noted strong demand for high-quality office space, with AI contributing positively to leasing activity [40][41] Question: Impact of new mayor's policies on leasing discussions - Management confirmed that there has been no impact on leasing discussions due to the new mayor's rhetoric or policies [44] Question: Competition and economic outlook for the observatory - Management highlighted a shift in visitor demographics and competitive positioning, with a focus on direct marketing strategies [48][49]