JOHANNESBURG, Aug. 25, 2025 /PRNewswire/ -- Simon Baloyi, President and Chief Executive Officer, said: "This year's results reflect the decisive actions we are taking to reshape Sasol for the future. We contained cash fixed cost increases below inflation, optimised capital spend, generated higher free cash flow and strengthened our balance sheet. We are advancing our strategic initiatives to restore the Southern Africa value chain, reset International Chemicals, and deliver our growth and transform ambition ...

Core Viewpoint - KANZHUN LIMITED has announced an annual dividend policy, intending to declare and distribute dividends each year based on the company's financial performance and other relevant factors [1][4]. Dividend Announcement - The Board has approved an annual cash dividend of US$0.084 per ordinary share, or US$0.168 per ADS, with a total payout of approximately US$80 million, funded by surplus cash [2]. - The record date for holders of ordinary shares and ADSs is October 8, 2025, with ex-dividend dates set for October 6, 2025, and October 8, 2025, respectively [2][3]. - Payment dates are expected to be around October 16, 2025, for ordinary shares and October 23, 2025, for ADS holders [3]. Company Background - KANZHUN LIMITED operates the BOSS Zhipin platform, a leading online recruitment service in China, facilitating efficient connections between job seekers and enterprises through a highly interactive mobile app [6]. - The platform leverages a large and diverse user base to create powerful network effects, enhancing recruitment efficiency and driving rapid expansion [6].

Core Viewpoint - Flex LNG Ltd. reported its unaudited financial results for the second quarter of 2025, highlighting stable revenues and a solid financial position despite a soft spot market for LNG shipping [1][3]. Financial Performance - Second quarter revenues were $86 million, or $84 million excluding EUAs, with a Time Charter Equivalent (TCE) of approximately $72,000 per day, nearly unchanged from $84.7 million in the same quarter last year [3][4]. - Net income for the second quarter was $17.7 million, resulting in an earnings per share (EPS) of $0.33, compared to $18.7 million and $0.35 EPS in the first quarter [4]. - Adjusted EBITDA for the second quarter was $62.6 million, down from $65.6 million in the first quarter [4]. Operational Highlights - The company completed drydocking for Flex Aurora and Flex Resolute ahead of schedule, demonstrating effective management of off-hire periods [4][5]. - Flex Courageous was sold for $175 million under a sale and leaseback agreement, with a 10-year bareboat charter back [4][6]. Financing Activities - A new $180 million term loan facility was signed for Flex Constellation, with a 15.5-year tenor and an interest rate of SOFR plus 165 basis points [4][6]. - The company has a minimum charter backlog of 56 years, potentially extending to 85 years, which provides access to attractive financing opportunities [6]. Shareholder Returns - The Board authorized a share repurchase program of up to $15 million, valid through November 27, 2025 [4][7]. - A quarterly dividend of $0.75 per share was declared, payable on or about September 18, 2025, bringing the trailing twelve-month dividend to $3.00 per share [4][8].

Core Viewpoint - Next Technology Holding Inc. has announced a new Dividend Policy that mandates annual distributions of at least 80% of profits attributable to owners, effective September 8, 2025, following a strong Q2 2025 net income of US$312 million [1][2]. Key Policy Highlights - Mandatory High Payout: The policy commits to distributing at least 80% of annual profits to shareholders, which based on Q2 2025 net income, implies an annual payout capacity exceeding US$250 million [2]. - Operational Safeguards: Dividend declarations will be contingent upon quarterly assessments by the Board [3]. - Final Dividend Approval: Any proposed final dividend will require shareholder approval at the Annual General Meeting [3]. Governance & Execution - The Policy was approved unanimously by the Board on August 8, 2025, in compliance with the Wyoming Revised Corporation Act [4]. - Directors confirmed adherence to Articles of Association and conflict disclosure requirements [4]. - Management has been authorized to take necessary actions for the implementation of the Policy [4]. Q2 Performance Context - The CEO highlighted that the US$312 million Q2 net income reflects the company's earnings power, and the new dividend policy aims to convert strong performance into predictable returns for shareholders [5].

Group 1 - Caledonia Mining Corporation Plc has announced a quarterly dividend of 14 United States cents (US$0.14) per share [1] - The dividend payment will be made in Sterling for shareholders with a registered address in the UK [1] - The company adopted a quarterly dividend policy in 2014 to maximize shareholder value [2] Group 2 - Relevant dates for the dividend include the ex-dividend dates of August 20, 2025, for VFEX and August 22, 2025, for AIM and NYSE American [4] - The record date for the dividend is August 22, 2025, and the payment date is set for September 5, 2025 [4]

Financial Data and Key Metrics Changes - Top line revenue reached a record $811.9 million, reflecting solid operating performance and favorable price environment [3] - Net earnings were a record $189.6 million or $0.52 per share, driven by record mine operating earnings of $273.3 million [3] - Adjusted earnings were $155.4 million or $0.43 per share [3] - Cash flow from operations before non-cash working capital changes was a record $287.9 million [4] - Free cash flow was a record $233 million, increasing cash balance to a record high of $1.1 billion at the end of Q2 [4] Business Line Data and Key Metrics Changes - Silver production totaled 5.1 million ounces in Q2, within guidance range, with all-in sustaining costs of $19.69 per ounce [7] - Gold production was 178,700 ounces, slightly below guidance, with all-in sustaining costs of $16.11 per ounce [9] - La Colorada mine led silver segment performance, achieving throughput of 2,130 tonnes per day, exceeding the target of 2,000 tonnes per day [8] Market Data and Key Metrics Changes - The silver market is in its fifth consecutive year of structural deficit, expected to persist, supporting silver prices [12] - Global photovoltaic installations and electronic applications are driving industrial demand growth for silver [12] Company Strategy and Development Direction - The company is focused on maintaining a strong balance sheet, sustaining and growing the business, and returning capital to shareholders [4] - Proposed acquisition of MagSilver is expected to enhance silver production and free cash flow generation while reducing consolidated silver segment costs [4][5] - Investment of $73.7 million in sustaining and project capital in Q2, with ongoing discussions for partnerships in the La Colorada Skarn project [5][6] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in meeting production targets and maintaining strong cost control [13] - The company anticipates a supportive environment for gold and silver prices, with expectations of continued robust free cash flow [12][13] Other Important Information - A 20% dividend increase was announced, raising it from $0.10 to $0.12 per common share [6] - Total available liquidity at the end of Q2 was approximately $1.9 billion, allowing for flexibility in pursuing growth opportunities [7] Q&A Session Summary Question: Have the issues at Cerro Moro, El Penon, Timmins, and Florida been resolved going into Q3? - Management indicated that issues are being addressed aggressively, with some lingering into Q3, leading to a heavier gold production guidance for Q4 [17][20] Question: Should more non-core asset sales be expected in the second half? - Management confirmed they are working on smaller non-core asset sales, expecting a few to close by the end of the year [22][23] Question: What are the expectations for gold grades at Jacobina in the second half? - Management stated they are moving towards mining at reserve grades, with access to some higher grades expected [28][29] Question: Can you provide more details on the Escobal consultation process? - Management clarified that the consultation is led by the government, with Pan American participating as needed [30][31] Question: What is the timing for the Skarn project update? - Management indicated that updates will come in several months, with ongoing discussions about monetization and partnerships [36][40][45] Question: How will the MagSilver transaction be accounted for? - Management indicated it will likely be accounted for as an equity pickup, similar to previous transactions [63][64]

Financial Data and Key Metrics Changes - In Q2 2025, the company generated net investment income of $0.62 per share and adjusted net investment income of $0.60 per share, compared to public guidance of approximately $0.64 and $0.62 per share respectively [9] - The net asset value (NAV) per share declined by 6.2% from $23.37 to $21.93 during the quarter [9] - Total investment income was $398 million for the second quarter, a decrease of $2 million compared to the first quarter [25] - Total expenses increased to $225 million during the second quarter, up by $12 million compared to the first quarter [26] Business Line Data and Key Metrics Changes - The company originated $3.4 billion of investments in 2025, with $1.4 billion originated in Q2 [10] - Approximately 72% of new investments were focused on add-on financings to existing portfolio companies and long-term KKR relationships [21] - New investments consisted of approximately 83% in first lien loans, 5% in subordinated debt, and 12% in asset-based finance investments [21] Market Data and Key Metrics Changes - Global M&A volume is down close to 10% year over year, but the company evaluated more opportunities in Q2 than in any of the previous eight quarters [13] - The company estimates that direct tariff exposure has declined to the low to mid-single digit range [14] Company Strategy and Development Direction - The company continues to focus on upper middle market companies with EBITDA in the $50 million to $150 million range across diverse industries [21] - The distribution strategy for 2025 is designed to provide shareholders with additional distributions from accumulated spillover income, with a total expected distribution of $2.80 per share [11] - The company plans to provide additional details regarding its 2026 dividend strategy in the third quarter earnings call [12] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the significant work needed regarding four companies that were placed on non-accrual status [31] - There is cautious optimism for an increase in M&A activity later this year and into next year [13] - The company remains focused on maintaining strong liquidity to support funding needs, ending the quarter with $3.1 billion of availability [11] Other Important Information - Non-accruals represented 5.3% of the portfolio on a cost basis and 3% on a fair value basis as of the end of Q2 [22] - The weighted average yield on accruing debt investments was 10.6% as of June 30, a decrease of 20 basis points compared to the previous quarter [25] Q&A Session Summary Question: What are you seeing in terms of originations in the second half? - Management noted that there has been increased activity and deal count, with more deals evaluated in Q2 than in the prior eight quarters [34][35] Question: Are there any other companies on your watch list? - Management indicated that approximately 7% of the portfolio is in risk ratings that are concerning, with some names showing positive momentum [39] Question: Can you provide insight into the joint venture's earnings situation? - The anticipated dividend from the joint venture for Q3 is lower due to timing issues with certain dividends [44][45] Question: What is the company's view on buybacks? - Management stated that buybacks will be balanced with market opportunities and target leverage ratios [49] Question: How many troubled assets are currently being monitored? - Management confirmed that the workout team is actively engaged with companies on the watch list, with a focus on maximizing outcomes [56] Question: What is the outlook for the dividend policy? - Management indicated that the dividend policy will be tied to net investment income and will consider market conditions [76][95]

Corporate Presentation AUGUST 2025 South Bow at a Glance A strategic liquids pipelines franchise connecting resilient supply to the strongest demand markets in North America OPERATIONAL HIGHLIGHTS | 4,900 | km | Pipeline footprint | | --- | --- | --- | | 1.25 | MMbbl/d | Crude oil delivered safely and reliably | | 7.6 | MMbbl | Terminal storage capacity | FINANCIAL HIGHLIGHTS1 | 208 million | Shares outstanding | | --- | --- | | $5.5 billion | Market capitalization | | $10.9 billion | Enterprise value2 | | ...

Core Viewpoint - National Fuel Gas Company reported strong third-quarter results for fiscal 2025, highlighting record production and throughput in its upstream operations, alongside improved earnings in its regulated Utility and Pipeline & Storage segments, driven by recent ratemaking activities and organic investments [3][4]. Fiscal 2025 Third Quarter Summary - The company achieved GAAP earnings of $149.8 million, or $1.64 per share, compared to a net loss of $54.2 million, or $(0.59) per share, in the prior year [7][8]. - Adjusted earnings per share increased by 66% to $1.64 from $0.99 in the previous year [8]. - Natural gas production reached 112 Bcf, a 16% increase year-over-year, driven by strong well performance in the Eastern Development Area [8][20]. Management Commentary - The CEO emphasized the company's positive momentum and long-term outlook for natural gas, projecting significant earnings growth for fiscal 2026 [3][4]. - The company anticipates mid-single-digit production growth in the coming years, supported by strong well results and ongoing investments in regulated businesses [4]. Return of Capital Update - The Board approved a 4% increase in the dividend, bringing the annual rate to $2.14 per share, marking the 55th consecutive year of dividend increases [5]. - Since March 2024, the company repurchased approximately 2 million shares at an average price of $59.70, although repurchases were paused during the quarter to evaluate growth opportunities [6]. Fiscal 2025 Guidance Update - The adjusted earnings per share guidance for fiscal 2025 has been revised to a range of $6.80 to $6.95, reflecting third-quarter results and expectations for lower realized natural gas prices [10][39]. - Preliminary earnings guidance for fiscal 2026 is expected to increase by 20% from fiscal 2025, based on various NYMEX price assumptions [12][39]. Segment Performance Exploration and Production - The Exploration and Production segment reported adjusted operating results of $0.95 per share, a 157% increase year-over-year, attributed to lower operating costs and higher natural gas prices [8][20]. - The segment's GAAP earnings increased by $198.7 million compared to the prior year, which included a significant impairment charge [19]. Pipeline and Storage - The Pipeline and Storage segment's GAAP earnings decreased slightly due to higher operations and maintenance expenses, primarily from inflationary pressures [25]. Gathering Segment - The Gathering segment's GAAP earnings increased by $5 million, driven by a 13% rise in operating revenues due to increased throughput from new wells [27]. Utility Segment - The Utility segment's GAAP earnings rose by 95% to $5 million, primarily due to new rates from a recent rate case settlement [29][30]. - Customer margin increased by $8.4 million, supported by higher customer usage and rate adjustments [30]. Capital Expenditures and Future Outlook - The company expects capital expenditures for fiscal 2026 to range between $955 million and $1.065 billion, reflecting ongoing investments in modernization and expansion projects [40]. - The Exploration and Production segment anticipates production to increase to a range of 440 to 455 Bcf in fiscal 2026, a 6% increase at the midpoint [16][40].

Performance Overview - The company reported a Portfolio Return on a Local Currency Basis of 0.6% for the three months ended 30 April 2025, but a negative return of (2.4)% when converted to Sterling due to foreign exchange effects [3][17] - The NAV per Share Total Return for the quarter was (2.6)%, with a closing NAV per Share of 2,011p [3][17] - Over the last five years, the company has achieved an annualised NAV per Share Total Return of 14.8% [3][17] Investment Activity - Total New Investments during the quarter amounted to £48m, with £25m in Primary investments, £15m in Direct investments, and £8m in Secondary investments [22][19] - Total Proceeds for the quarter were £149m, including £62m from the sale of a portion of the Portfolio at a 5.5% discount and £48m from the sale of Minimax, the largest portfolio company [3][22] - The company made five new fund commitments totaling £76m during the quarter [20] Financial Position - The company maintained a robust balance sheet with a low gearing ratio of 3% and total available liquidity of £201.5m as of 30 April 2025 [3][24][27] - The cash balance increased to £7.5m from £3.9m at the end of January 2025, while drawn debt decreased to £52.3m [27][24] Dividend Policy - A first quarter dividend of 9p per share was declared, with intentions to pay total dividends of at least 38p per share for FY26, up from 36p in FY25 [3][28] - The company has a progressive dividend policy, reflecting its commitment to returning value to shareholders [28] Portfolio Composition - As of 30 April 2025, the Portfolio was valued at £1,386m, with 86% of the Portfolio valued using valuations from 31 March 2025 or later [15][17] - The Portfolio composition included 51% in Primary investments, 34% in Direct investments, and 15% in Secondary investments [13][12]