Financial Data and Key Metrics Changes - Southern Copper achieved record net sales of $13.4 billion in 2025, a 17% increase from 2024 [4][13] - Adjusted EBITDA reached a record high of $7.8 billion, reflecting a 22% increase over 2024 [5][16] - Net income for 2025 was $4.3 billion, which is 28% higher than the previous year [19][20] - Operating cash cost per pound of copper before by-product credit was $2.17, a slight increase from $2.13 in 2024 [18] Business Line Data and Key Metrics Changes - Copper production for 2025 decreased by 1.8% to 956,270 tons, slightly below the planned 965,000 tons [8] - Molybdenum production increased by 7.4% year-over-year in 2025, totaling 31,200 tons [10] - Silver production rose by 15% in 2025, reaching 24 million ounces [11] - Zinc production increased by 36% in 2025, totaling 165,500 tons [12] Market Data and Key Metrics Changes - The average copper price on the London Metal Exchange increased by 21% to $5.03 per pound in Q4 2025 [5][6] - Molybdenum prices averaged $22.75 per pound in Q4 2025, a 5% increase from the previous year [9] - Silver prices surged by 74% to an average of $54.48 per ounce in Q4 2025 [10][11] - Zinc prices increased by 4.3% to $1.44 per pound in Q4 2025 [11] Company Strategy and Development Direction - The company aims to produce 1.6 million tons of copper at the lowest competitive cost per ton [5] - Significant capital investments exceeding $20.5 billion are planned for projects in Peru and Mexico [20][21] - The Tia Maria project is currently 24% complete and is expected to generate $20.2 billion in exports over its first 20 years [22] Management's Comments on Operating Environment and Future Outlook - Management anticipates a copper market deficit of about 320,000 tons for 2026, influenced by demand from electric vehicles and AI power centers [6][77] - The company is optimistic about maintaining production levels despite lower ore grades at some operations [59] - Management noted that inflation impacts are being mitigated by currency appreciation rather than specific inflation [31] Other Important Information - The company received accreditation from the Copper Mark for compliance with global industry standards on tailings management [26] - A quarterly cash dividend of $1 per share was announced, payable on February 27, 2026 [28] Q&A Session Summary Question: Any updated thoughts on cost guidance? - Management indicated that costs are currently more affected by currency appreciation than inflation [31] Question: Guidance on costs for the next quarter or year? - Costs are expected to remain relatively flat on a per-pound basis, with strong by-product production helping to offset any increases [33] Question: Ability to increase silver production in 2026? - Current guidance for silver production is about 24 million ounces, with potential for improvement based on ore grades [34][35] Question: Reasons for expected decline in molybdenum production in 2026? - Lower ore grades at operations are anticipated to impact molybdenum production [42] Question: Update on Tia Maria project CapEx? - The company plans to disburse approximately $508 million for Tia Maria in 2026, with construction expected to finish by mid-2027 [46][50] Question: Long-term production guidance? - Production is expected to be around 911,400 tons for 2026, with gradual increases projected in subsequent years [59][60] Question: Impact of higher copper prices on project development? - Higher prices generally facilitate project development, but also incentivize illegal mining [70] Question: Current sentiment regarding project licenses in Mexico? - The relationship with the Mexican government is improving, which may expedite project approvals [97]

As filed with the U.S. Securities and Exchange Commission on December 31, 2025. Registration No. 333-292077 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Amendment No. 1 to Form F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Rubico Inc. (Exact name of Registrant as specified in its charter) Republic of the Marshall Islands (State or other jurisdiction of incorporation or organization) 4412 (Primary Standard Industrial Classification Code Number) N/A (I.R.S. Employer Id ...

Core Viewpoint - Laird Superfood reported strong double-digit GAAP revenue growth for the fifth consecutive quarter, with a 20% increase in revenue to $12.0 million, although it fell slightly short of analyst expectations [1][2] Financial Performance - GAAP revenue grew 20% year-over-year to $12.0 million, slightly below the estimated $12.14 million [1][2] - GAAP loss per share improved to ($0.03), better than the expected ($0.06) [1][2] - Adjusted EBITDA (non-GAAP) turned positive at $0.1 million, compared to a loss last year [8] - Gross margin decreased to 39.9%, down from 41.8% in Q2 2024 and 41.9% in Q1 2025 [7][8] Sales Channels and Growth - Wholesale channel sales surged 47% year-over-year to $5.75 million, now representing 48% of total net sales [5] - E-commerce sales increased by 2% year-over-year to $6.24 million, accounting for 52% of the sales mix [5] - Coffee creamers and coffee, tea, and hot chocolate constituted 86% of total sales, both categories growing approximately 44% year-over-year [6] Product and Market Strategy - Laird Superfood focuses on functional foods and beverages, emphasizing health-related ingredients, including functional mushrooms and adaptogenic plants [3][11] - The company has adopted a dual-channel approach, enhancing both wholesale and online sales to support recurring revenue [4] - Recent product developments include a larger format liquid creamer and a new online marketplace for curated wellness products [10] Future Outlook - Management reaffirmed full-year net sales growth guidance of 20–25% and targeted gross margins to remain in the upper 30s range [13] - Profitability is expected to reach breakeven for adjusted EBITDA on a full-year basis, although a GAAP net loss is still anticipated [13] - The company plans to utilize approximately $2 million for inventory to support top-line growth, with normalization expected as inventory investments convert to sales [13]

Core Insights - Denodo announced the winner of the Denodo University Challenge, with the Data Shoe team from Dauphine University recognized for their solution aimed at improving life expectancy through data management [1] - The challenge focused on leveraging data and analytics to enhance ESG practices and life expectancy, with students required to analyze various data sources [2][3] Group 1: Challenge Overview - The Denodo University Challenge required participants to integrate data sources to correlate life expectancy with multiple factors, utilizing reporting and visualization tools [3] - The challenge emphasized the importance of data integration and analysis in addressing complex social issues [2] Group 2: Winning Solution - The Data Shoe team identified key factors such as healthcare access, air pollution reduction, and political stability as critical to improving life expectancy [4] - Their solution included a clear narrative and effective use of the Denodo Platform, showcasing their ability to present findings through Microsoft Power BI [5] Group 3: Educational Impact - Participants reported that the challenge enhanced their strategic thinking regarding data integration and the use of the Denodo Platform [6] - The Denodo Platform's capabilities, including low code/no code development, facilitated rapid learning and solution development for students [6] Group 4: Company Background - Denodo is recognized as a leader in data management, with its platform delivering significant ROI and benefits across various industries [7] - The company has demonstrated that its solutions can yield over 400% ROI, with payback periods of less than six months for customers [7]