Core Viewpoint - SATO Corporation's interim report for January to September 2025 highlights a challenging rental market with an oversupply, yet the company continues to pursue a profitable growth strategy through acquisitions and maintaining a stable occupancy rate [4][6]. Financial Performance - For the period of January to September 2025, net sales reached EUR 235.5 million, an increase from EUR 227.0 million in the same period of 2024 [5][8]. - Net rental income was EUR 166.2 million, up from EUR 160.5 million year-on-year [5]. - Profit before taxes decreased to EUR 80.3 million from EUR 83.5 million [5]. - The economic occupancy rate was 95.2%, slightly down from 95.4% in the previous year [5][6]. - Earnings per share were EUR 0.76, compared to EUR 0.84 in the same period last year [5]. Investment and Property Management - SATO acquired nearly 1,000 apartments, increasing its total rental homes to nearly 27,000 [4][5]. - Housing investments amounted to EUR 219.4 million, significantly higher than EUR 31.7 million in the same period of 2024 [5][8]. - The average rent per square meter increased to EUR 18.51 from EUR 18.38 year-on-year [6][8]. Market Conditions - The rental market remains competitive, with over 50% of households in major cities like Helsinki, Tampere, and Turku living in rental homes [7]. - The economic uncertainty and high levels of unsold new homes are impacting the construction recovery [12]. - A recent survey indicates a growing appeal for rental housing across all age groups, viewed as a safer and more flexible option in uncertain economic conditions [15]. Sustainability and Recognition - SATO's sustainability management received top recognition in the Global Real Estate Sustainability Benchmark (GRESB), ranking first among over a thousand evaluated European real estate companies [9][7]. Outlook - The economic growth in Finland is projected to be slow, with a forecast of only 0.3% growth for 2025, but expected to improve to 1.3% in 2026 and 1.7% in 2027 [11]. - The imbalance in the rental market is anticipated to be corrected by low newbuild construction rates and urbanization trends [14].

Core Viewpoint - Oman Tank Terminal Company (OTTCO) and Royal Vopak have signed a strategic agreement to establish a joint venture in the Special Economic Zone at Duqm, reflecting a commitment to expand investments and attract foreign partnerships in a growing industrial hub [1][2]. Group 1: Joint Venture Details - The new company will be owned 51% by OTTCO and 49% by Vopak, focusing on developing and operating energy storage and terminal infrastructure at Duqm [2]. - The partnership aims to support both traditional energy flows and the evolving demands of the global energy transition towards sustainable ecosystems [2][3]. Group 2: Strategic Importance - The collaboration combines OTTCO's role in crude storage and transport with Vopak's expertise in terminal operations, positioning Duqm as a strategic location along key international shipping routes [3]. - The initiative aligns with Oman's national strategy to diversify its economy and enhance Duqm's role as a competitive global economic center [5]. Group 3: Current Operations and Capacity - OTTCO operates the Ras Markaz crude oil storage terminal with a capacity of 26.7 million barrels, including 5.2 million barrels for the Duqm Refinery, and has handled over 176 million barrels of crude oil since operations began in 2023 [4]. - The company also manages the Duqm Port storage and export terminal, having processed over 21 million barrels through 560 vessels [4]. Group 4: Investment Context - OQ Group has over USD 10 billion in total investments and partnerships in Duqm, including the Duqm Refinery joint venture with Kuwait Petroleum International [6].

Fiscal Year 2025 Performance - Revenue increased by $69.3 million, or 11 percent, compared to the prior year[13] - Operating income increased by $11.5 million, or 15 percent, compared to the prior year[13] - Diluted earnings per share increased by $0.77 per share, or 13 percent, compared to the prior year[13] - Free cash flow generation reached 122 percent of net earnings[7] - International irrigation revenues exceeded North America irrigation revenues for the first time in Company history[7] Fourth Quarter Performance - Revenues decreased $1.4 million, or 1 percent, compared to the prior year[10] - Operating income decreased $2.2 million, or 16 percent, compared to the prior year[10] - Diluted earnings per share decreased $0.18 per share, or 15 percent, compared to the prior year[10] Irrigation Segment - North America revenue decreased 19 percent[18] - International revenue increased 23 percent due to higher unit sales volume in South America and Australia, and higher project sales in the MENA region[20] - Operating income increased 4 percent primarily from higher revenues and positive leverage of fixed operating expenses[19] Infrastructure Segment - Revenue decreased 16 percent to $24.5 million[27, 28] - Operating income decreased 37 percent to $3.5 million due to lower revenue and a less favorable margin mix with lower Road Zipper revenues[27, 29]

Core Insights - Agroz Inc. is redefining agriculture as a technology-enabled asset class, integrating automation and AI through its Agroz OS platform to create scalable food production systems that provide both environmental benefits and investment value [1][2][3] Company Overview - Agroz operates as a fully vertically integrated agricultural technology company, focusing on indoor Controlled Environment Agriculture (CEA) vertical farms, which produce pesticide-free vegetables for local communities [8] - The company’s proprietary Agroz OS system combines automated hardware and AI technology to optimize vertical farm operations [8] Technological Innovation - The Agroz OS platform integrates automation, data analytics, and energy optimization, supporting future AI-enabled products like Agroz Copilot, which offers real-time recommendations and predictive analytics [4][5] - Agroz's technology aims to enhance productivity, reduce costs, and promote sustainable food access [5] Market Position and Growth Strategy - Agroz is positioning agriculture as a modular, measurable, and investable infrastructure, appealing to institutional investors seeking sustainable assets [2][3] - The company’s growth is supported by a scalable business model encompassing design, operations, technology, and product commercialization [5] Government Support and Incentives - Malaysia's Budget 2026 introduces a 10-year income tax exemption for new agricultural ventures, reinforcing government support for innovation and sustainable infrastructure [6] - This policy, along with Agroz's technology and ESG alignment, enhances agriculture's appeal as a resilient asset class for long-term investors [6] Recognition and Sustainability - Agroz's sustainability strategy aligns with 10 United Nations Sustainable Development Goals (SDGs) and has received accolades such as the Best Agrotechnology Award and Emerging Brand Legend Award in 2024 [5]

Core Insights - Klépierre has upgraded its 2025 guidance, expecting EBITDA growth of 5.5% and net current cash flow to reach €2.70 per share, reflecting a strong growth trajectory [3][13][14] Financial Performance - Total revenue for the first nine months of 2025 reached €1,213.4 million, with net rental income growing by 6.5% and a like-for-like contribution of 4.2% [5][9] - EBITDA and net current cash flow are projected to grow by 23% and 21% respectively over the three years leading to December 2025 [3][14] Operational Highlights - Klépierre's malls experienced a 2.3% increase in footfall and a 3.3% rise in retailer sales during the first nine months of 2025, with all regions contributing positively [6][9] - The occupancy rate stands at 97.0%, with a rental uplift of 4.6% year-to-date [7][9] Strategic Initiatives - The company issued a €500 million green bond, marking the longest tenor for a European REIT since 2022, demonstrating strong credit metrics with a net debt to EBITDA ratio of 6.9x and a cost of debt at 1.9% [4][12] - Klépierre is investing in its assets, including the opening of a flagship Primark store in Montpellier, which has driven a 38% increase in footfall since its launch [10][11] Sustainability Leadership - Klépierre has been recognized as the leader in the 2025 GRESB ranking for European listed real estate, achieving a score of 95/100 and a five-star rating, underscoring its commitment to sustainable development [5][13]

Core Insights - Africa Finance Corporation (AFC) has secured a USD 100 million, 10-year term loan facility from FinDev Canada, marking its first transaction in the Canadian market and its inaugural partnership with FinDev Canada [1][3][5] Funding and Project Support - The facility will enhance AFC's funding base and support a growing pipeline of renewable energy and low-carbon transport projects across Sub-Saharan Africa, reinforcing the Corporation's commitment to climate-resilient infrastructure development [2][5] - The proceeds from the facility will enable AFC to deliver innovative financing solutions that address climate change, improve energy access, and promote sustainable economic growth [5] Strategic Partnerships - This transaction highlights the confidence of global partners in AFC's strong track record, governance standards, and execution capacity, positioning AFC as a preferred platform for channeling long-term sustainable capital into Africa's infrastructure sector [3][4] - FinDev Canada joins a diverse group of AFC's funding partners, which includes various international Development Finance Institutions, underscoring global investor confidence in AFC's credit profile and its strategy of delivering de-risked, transformational projects for Africa [4][5] Leadership Statements - AFC's Executive Board Member expressed delight in partnering with FinDev Canada, emphasizing the shared commitment to accelerating sustainable development through high-impact, climate-resilient infrastructure [5] - FinDev Canada's Vice President highlighted the importance of this transaction in supporting critical infrastructure financing in Sub-Saharan Africa and expanding their market presence in the region [5]

Financial Performance - Q3 2025 - Steel Dynamics reported a net income of $404 million[15] - The company's cash flow from operations reached $723 million[15] - Adjusted EBITDA was $664 million, representing a 14% margin[15] - Diluted earnings per share (EPS) amounted to $274[15] - Revenue was strong at $48 billion[15] - The company repurchased 11% of its outstanding shares for $210 million[15] - Return on Invested Capital (ROIC) was 15%[15] Operational Highlights - Q3 2025 - Steel shipments reached a record high[7,18] - The company announced the acquisition of the remaining 55% of New Process Steel[7] - Aluminum Dynamics operations continued to ramp up[7] - The company made its first shipments of biocarbon to the Columbus steel mill[7] Strategic Growth & Investments - The company is investing $19 billion in a new state-of-the-art Sinton, Texas flat roll steel mill, which started production in Q1 2022[43] - Steel Dynamics is investing $600 million in greenfield investments for four new flat roll steel finishing lines, which started in the first half of 2024[43] - The company is investing $25 billion in the undersupplied North American aluminum flat rolled products market, with first coils shipped in June 2025[43]

Core Insights - Iron & Earth is hosting an event called Climate Crossroads: Pathways to Energy Equity during Canada Climate Week Xchange (CCWX) to foster connections in the renewable energy sector [1][2] - The event aims to address transformations in the energy industry and future job opportunities in renewable energy, targeting professionals and students interested in the green economy [1][2] Company Overview - Iron & Earth is a non-profit organization focused on facilitating a Just Transition by lowering barriers to participation in the green economy, promoting community-driven transformation for sustainability [4] - The organization operates four key programs: Renewable Skills Initiative, Prosperous Transition Campaign, Community Talks, and Climate Career Portal, all aimed at enhancing energy literacy and supporting career transitions in renewable sectors [4] Event Details - Climate Crossroads: Pathways to Energy Equity will take place on November 28, 2025, from 9 AM to 5 PM EST at The Innovation Complex at the University of Toronto Mississauga [7] - CCWX is a five-year initiative designed to unite Canadians to collaborate on climate-related challenges, with the inaugural event scheduled from November 24 to November 30, 2025 [5]

Core Insights - SteelPhalt, a division of Harsco Environmental, has been recognized by Spain's Ministry for Ecological Transition for its sustainable asphalt production plant, contributing to the Strategic Project for Economic Recovery and Transformation (PERTE) [1][2] - The recognition emphasizes SteelPhalt Euskadi's role in promoting ecological transition and innovation within the asphalt industry [2][3] - SteelPhalt's commitment to circular economy principles and low-carbon solutions supports long-term sustainability goals and industry growth [3] Company Overview - SteelPhalt has been developing high-performance asphalt products for roadmaking in the UK since the 1960s, focusing on sustainability and innovation [4] - The company is strategically located in Rotherham, South Yorkshire, allowing for cost-effective sourcing of slag from the steel industry for sustainable asphalt production [4] - SteelPhalt collaborates with councils, local authorities, and contractors to deliver durable roads, reinforcing its reputation for quality and commitment to sustainability [4] Parent Company Overview - Harsco Environmental, a division of Enviri, is a leading provider of onsite material processing and environmental services to the global metals industry, operating in over 32 countries [5] - The division focuses on delivering cleaner and more efficient metal production solutions, emphasizing the treatment and reuse of production co-products [5]

Core Viewpoint - The 2025 Beijing International Wind Energy Conference aims to promote global energy transition and sustainable development, emphasizing the importance of high-quality and balanced development in the wind power industry [1] Group 1: Development Goals - The "Wind Energy Beijing Declaration 2.0" sets reasonable development targets for China's wind power under the guidance of national contributions, aiming for an annual new installed capacity of no less than 120 million kilowatts during the 14th Five-Year Plan, with offshore wind power contributing at least 15 million kilowatts annually [1] - By 2030, China's cumulative installed wind power capacity is expected to reach 1.3 billion kilowatts, with a target of at least 2 billion kilowatts by 2035 and 5 billion kilowatts by 2060, supporting the energy sector's goal of achieving carbon neutrality [1] Group 2: Global Commitment - The new round of national contributions demonstrates China's firm commitment to global climate governance, presenting significant opportunities for the wind power industry and a noble mission bestowed by the times [1] - The global wind energy community is encouraged to unite in efforts towards achieving green and sustainable development [1]