Core Insights - Scatec reported strong financial results in Q2 2025, with proportionate revenues increasing by 51% to NOK 2,302 million and EBITDA rising by 19% to NOK 1,130 million, reinforcing its position in the renewable energy sector [1][3] Financial Performance - Power production revenues reached NOK 1,312 million, up from NOK 1,045 million, with EBITDA of NOK 1,110 million compared to NOK 873 million, driven by strong performance in the Philippines [2] - Consolidated revenues and other income for the second quarter were NOK 1,316 million, with EBITDA at NOK 1,027 million and a net profit of NOK 314 million, a significant improvement from a loss of NOK 33 million [8] Strategic Developments - The Development & Construction (D&C) segment generated revenues of NOK 976 million, significantly up from NOK 470 million, with a gross margin of 11.4% [4] - Scatec secured a record 846 MW solar power award in South Africa and a 123 MW/492 MWh battery storage project, increasing its total backlog to 3.2 GW [5] - A new 25-year Power Purchase Agreement for a 900 MW onshore wind project in Egypt was secured, along with successful long-term project financing for a hybrid project [6] Debt Management - The company repaid USD 30 million in corporate debt during Q2 and an additional USD 85 million post-quarter, reducing gross corporate debt by approximately 26% to NOK 6.8 billion [7] Future Outlook - Full year 2025 proportionate power production is estimated at 4.0 - 4.3 TWh, with an unchanged EBITDA estimate of NOK 4.15 - 4.45 billion [10]

Core Viewpoint - IAMGOLD Corporation has successfully completed the final delivery of gold ounces under its gold prepay arrangements, concluding a total of 150,000 ounces as part of a financing package for the Côté Gold construction [1][2]. Company Overview - IAMGOLD is an intermediate gold producer based in Canada, operating mines in North America and West Africa, including Côté Gold, Westwood, and Essakane [3]. - The company commenced production at Côté Gold on March 31, 2024, in partnership with Sumitomo Metal Mining Co. Ltd., which is expected to be one of the largest gold mines in Canada [3]. - IAMGOLD employs approximately 3,700 people and is committed to high standards of Environmental, Social, and Governance practices [3]. Financial Impact - The conclusion of the gold prepay arrangements is seen as a significant cash flow inflection point for IAMGOLD, with an estimated cash flow of approximately $200 to $225 million that the company would have received in the first half of 2025 if the arrangements were not in place [2]. - The company delivered the remaining 75,000 ounces of gold under the arrangements, with only a portion exposed to gold price fluctuations [2]. Strategic Timing - The conclusion of the arrangements coincides with the Côté Gold Mine reaching nameplate throughput, and expectations of improved operating results across all assets in the second half of the year [2]. - The current favorable gold price environment positions the company to generate stronger free cash flows and initiate a disciplined deleveraging strategy [2].