INTEGRITY | RESPECT | EXCELLENCE FOURTH QUARTER 2025 EARNINGS RELEASE JANUARY 28, 2026 FORWARD-LOOKING STATEMENTS & NON-GAAP FINANCIAL MEASURES The statements in this presentation that are not historical statements, including statements regarding the 2026 full-year outlook and expected consolidated and segment financial results, as well as financial targets for future years, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking state ...

Core Insights - InterDigital, Inc. has signed a significant patent license agreement with LG Electronics, covering LG's digital TVs and computer display monitors, utilizing technologies such as ATSC 3.0, Wi-Fi, and video codecs [1][5] - Roth Capital has reaffirmed a "Buy" rating for InterDigital following the agreement, leading to a positive outlook for 2026 [2] - InterDigital's stock price has increased to $329.51, reflecting a 6.72% rise, indicating strong investor interest [3][5] Company Overview - InterDigital focuses on research and development in mobile, video, and AI technologies, with a market capitalization of approximately $8.48 billion [4] - The company's innovations in advanced video compression, broadcast, and Wi-Fi are crucial for a wide range of devices and services [4] - The negotiation process with LG was amicable, highlighting the strategic importance of the agreement [4]

Group 1 - TransAlta Corporation (TAC) is a Canadian energy company that is positioned to benefit from the increasing demand for AI technologies, particularly as an energy provider for data centers [1] - The company operates in sectors that are critical for the growth of technology, energy, and consumer staples, indicating a diversified investment approach [1] Group 2 - The analyst emphasizes the potential in emerging markets, which adds a risk component to the investment portfolio [1]

Group 1 - The U.S. State Department approved an $11.15 billion arms sale to Taiwan, marking the largest arms sale of its kind amid increasing threats from China [1] - The arms package includes 82 HIMARS rocket artillery systems valued at $4.05 billion, 420 ATACMS missiles, unmanned surveillance systems, and military software [2] - Additional components of the sale consist of 60 M109A7 self-propelled howitzer systems valued at over $4 billion, along with Javelin and TOW anti-tank missiles worth more than $700 million [3] Group 2 - The arms sale is part of Taiwan's $40 billion supplemental defense budget announced by President Lai Ching-te [2] - The U.S. is not legally obligated to defend Taiwan but is committed to providing defense equipment under the 1979 Taiwan Relations Act [3] - The sale occurs amidst escalating tensions between the U.S., China, and Taiwan, with recent legislative actions from the U.S. government supporting Taiwan's defense [4]

Core Viewpoint - AlphaTON Capital Corp clarifies its investment program related to Anduril Industries, stating that it will not proceed with the tokenized investment program due to transfer restrictions on the underlying common stock [2][3]. Investment Program Clarification - AlphaTON has signed a contract to gain economic exposure to Anduril Industries' common stock through a Special Purpose Vehicle (SPV) structure, rather than a direct equity investment [2]. - The intention was to create a derivative tokenized product to meet the growing demand for exposure to innovative technology companies [2]. Cancellation of Anduril Program - The company has identified that the Anduril Industries common stock is subject to transfer restrictions, and Anduril will not consent to any transfer [3]. - Due to these limitations, AlphaTON has decided to cancel the Anduril tokenized investment program [3]. Commitment to Strategic Investments - AlphaTON remains committed to strategic investments and the tokenization of assets that provide clear ownership rights and align with shareholder value creation objectives [4]. Company Overview - AlphaTON Capital Corp is a leading technology public company focused on scaling the Telegram super app, targeting an addressable market of 1 billion monthly active users [5]. - The company employs a comprehensive M&A and treasury strategy, including direct token acquisition and strategic ecosystem investments to generate sustainable returns for shareholders [5]. - AlphaTON is also involved in drug development, focusing on therapies targeting checkpoint resistance pathways [6].

Core Viewpoint - BMO analysts upgraded Instacart's stock following its earnings report, highlighting the company's ongoing integration of AI technologies into tools for retail partners and enterprises [1] Company Summary - Instacart is enhancing its AI capabilities, which is expected to improve its offerings for retail partners and enterprises [1]

Core Insights - OneSpaWorld reported record financial results for the third quarter of fiscal 2025, with total revenues of $258.5 million, net income of $24.3 million, and adjusted EBITDA of $35.0 million, marking the 18th consecutive quarter of year-over-year growth in these metrics [1][2][4]. Financial Performance - Total revenues increased by 7% compared to the third quarter of 2024, driven by a 4% rise in average guest spend, fleet expansion from new ship builds, and a 1% increase in revenue days [7][8]. - Net income rose by 13% to $24.3 million, with adjusted net income reaching $30.4 million, reflecting a 11% increase year-over-year [17][31]. - Adjusted EBITDA increased by 6% to $35.0 million compared to the same quarter last year [7][31]. Operational Highlights - The company ended the quarter with health and wellness centers on 204 ships, an increase from 196 ships in the previous year, and 49 destination resort health and wellness centers [7][20]. - The average ship count for the quarter was 199, up from 195 in the third quarter of 2024 [21]. - The company launched wellness centers on four new ship builds during the quarter and plans to launch additional centers on two more ships by year-end [2][3]. Capital Allocation and Shareholder Returns - OneSpaWorld returned $4.1 million to shareholders through dividends and repurchased $17.6 million worth of shares during the quarter [3][12]. - The board approved a 25% increase in the quarterly dividend to $0.05 per share, payable on December 3, 2025 [11][12]. - The company ended the quarter with $30.8 million in cash and total liquidity of $80.8 million, positioning it well for future growth [5][17]. Guidance and Outlook - The company expects total revenues for fiscal 2025 to increase by 8% and adjusted EBITDA to rise by 10% at the mid-point of guidance ranges compared to fiscal 2024 results [3][10].

Financial Performance - Revenue decreased by 5% year-over-year to $1.4 billion[8] - Segment profit increased by 2% year-over-year to $310 million[8] - Adjusted EPS increased by 4% year-over-year to $6.98[8] - Operating cash flow was $301 million, a decrease of $151 million year-over-year[8] Segment Results - Home Comfort Solutions revenue decreased by 12% to $913 million[18], and segment profit decreased to $203 million[18] - Building Climate Solutions revenue increased by 10% to $514 million[23], and segment profit increased to $134 million[23] Guidance and Outlook - Full year adjusted EPS guidance is $22.75 - $23.25[8] - 2025 Capital Expenditures are expected to be approximately $150 million[34] - Net Debt to Adjusted EBITDA ratio is 0.8x[8] Strategic Initiatives - The company is focused on ROI-focused investments for growth[32] - Share repurchases year-to-date totaled approximately $350 million[33] - The company acquired Duro Dyne and Supco for approximately $550 million[10]

Core Insights - Celent's Retail Banking Dimensions report for Europe aims to understand the technology plans, pressures, and priorities within the banking industry [1] Group 1: Industry Challenges and Priorities - 54% of banks in Europe find it more challenging to win and retain customers compared to 12 months ago [2] - Product development is a key focus, with 50% of banks identifying investment in enhanced products as a top driver of their technology strategy [2] - The largest product-level priority for 2023 is digital account opening, prioritized by 38% of banks [2] Group 2: Technology Investment Trends - IT spending among banks is projected to grow by an average of 5.0% this year, although economic disruptions may affect this growth [2] - AI technologies represent the largest area of technology investment for 29% of banks, supporting various use cases across operations [2] - 64% of banks plan to launch customer-facing services utilizing GenAI by 2025, indicating a significant push towards data utilization [2]

Listing Announcement - LBank will list Aicaretoc ($CTOC) [1] Project Overview - AI CareToc (CTOC) is a next-generation healthcare platform combining Web3 and AI technologies [1] - The platform securely stores personal health data while giving users full ownership and control [1]