TORONTO, June 25, 2025 (GLOBE NEWSWIRE) -- Reported quarterly adjusted diluted earnings per share of $0.39 Total assets under management and fee-earning assets of $53.5 billion Declared quarterly dividend per share to 12.5 cents AGF Management Limited (AGF or the Company) (TSX: AGF.B) today announced financial results for the second quarter ended May 31, 2025. "Through a challenging environment, we experienced our fourth consecutive quarter of positive retail mutual fund and mutual fund net sales outpacing ...

Group 1 - Insurance companies have increased their stake acquisitions, with 16 instances reported this year, a significant rise compared to 5 instances in the same period last year [1][2] - The recent acquisition by Great Wall Life Insurance involved purchasing 4.4 million shares of Qinhuangdao Port Co., bringing its total holdings to approximately 279 million shares, which is 5.0005% of the company's total equity [2] - The market value of Great Wall Life's holdings in Qinhuangdao Port is approximately 610 million RMB, representing 0.42% of the insurer's total assets as of the last quarter [2] Group 2 - The increase in stake acquisitions is attributed to new accounting standards that require insurance companies to reflect the market value of stock investments, leading to greater volatility in financial statements [3] - The insurance sector is facing pressure from declining long-term interest rates and the maturity of high-quality non-standard assets, which impacts investment returns [3] - The preference for high-dividend stocks is evident, with 8 out of 16 acquisitions targeting listed banks, which are known for their high dividend yields [4] Group 3 - Future trends indicate that insurance companies are likely to increase their stake acquisitions, focusing on specialized and strategic investments in sectors such as high technology, new energy, and healthcare [5] - The collaboration between banks and insurance companies is seen as beneficial for expanding insurance product sales due to banks' extensive networks [4]

Financial Performance - Consolidated revenue in Q1 2025 decreased 23% to $16.1 million compared to $20.9 million in the prior year, driven by a 42% decline in product revenue to $9.2 million [6] - Service revenue increased 38% to $7.0 million due to demand for Sub-Bottom Imager™ and Acoustic Corer™ services [6] - Gross profit increased 8% to $10.1 million, resulting in a gross margin of 62.7% compared to 44.8% in the prior year [6][15] - Adjusted EBITDA decreased 32% to $2.8 million, with an adjusted EBITDA margin of 17.3% compared to 19.6% in the prior year [6][12] Market Outlook - The company expects strong top and bottom-line growth in 2025, supported by robust macro fundamentals in the naval defense market as navies modernize and adopt uncrewed platforms [3] - Anticipated defense RFP activity from 2025 to 2027 is at unprecedented levels, contributing to optimism in the naval defense segment [3] Recent Developments - The company secured nearly $45 million in subsea battery orders and $3 million in orders for Kraken SAS since the end of Q4 [5] - A new manufacturing capacity in Canada is expected to come online by the end of 2025, enhancing the company's ability to meet customer needs in offshore energy and naval defense markets [4] Financial Guidance - The company maintains its 2025 revenue guidance of $120 million to $135 million, representing a 40% growth, and an adjusted EBITDA margin of $26 million to $34 million [7] - Capital expenditures for 2025 are projected to range from $13 million to $17 million, with approximately $10 million allocated for a new subsea power manufacturing facility [8]

Core Insights - BRP Inc. reported financial results for the three-month period ended April 30, 2025, showing a decrease in revenues and gross profit but a significant increase in net income compared to the same period last year [2][10][16]. Financial Performance - Revenues decreased by 7.7% to CAD 1,846.9 million from CAD 1,999.9 million in the same period last year [10][11]. - Gross profit fell by 24.3% to CAD 394.8 million, with a gross profit margin of 21.4%, down from 26.1% [13]. - Normalized EBITDA decreased by 34.7% to CAD 200.8 million [15]. - Net income increased by 278.8% to CAD 161.0 million, compared to CAD 42.5 million in the previous year [16][18]. Retail Sales and Market Trends - North American retail sales remained flat, with strong end-of-season sales in Snowmobile offset by a decline in Year-Round Products due to industry slowdown [8][12]. - Seasonal Products revenues decreased by 21.7% to CAD 419.2 million, while Year-Round Products revenues decreased by 4.5% to CAD 1,105.8 million [16]. Operating Expenses and Cash Flow - Operating expenses decreased by 9.2% to CAD 300.9 million, attributed to lower general and administrative expenses and cost optimization [14]. - Consolidated net cash flows from operating activities totaled CAD 214.5 million, an increase from CAD 141.4 million in the previous year [19]. Future Outlook - The company refrained from making financial projections due to uncertainty in the macro environment but expressed confidence in its product portfolio and inventory management for a potential rebound [4][7].

TORONTO, May 28, 2025 (GLOBE NEWSWIRE) -- Mitchell Cohen, Chief Executive Officer and President of Urbanfund Corp. (TSX-V: UFC) (“Urbanfund” or the “Company”), confirmed today that the Company has filed its financial statements for the three months ended March 31, 2025 (the “Consolidated Financial Statements”) and corresponding Management’s Discussion and Analysis (“MD&A”). BUSINESS OVERVIEW AND STRATEGY Business Overview Urbanfund Corp. is an incorporated entity listed on the TSX Venture Exchange (“TSX-V”) ...

Core Viewpoint - MINISO Group reported a strong financial performance for the March Quarter of 2025, with revenue growth of 18.9% year over year, driven by improvements in same-store sales and an increase in store count, particularly in overseas markets [1][6][9]. Financial Highlights - Revenue increased to RMB4,427.0 million (US$610.1 million), up 18.9% year over year [6][11]. - Gross profit rose by 21.1% to RMB1,958.0 million (US$269.8 million), with a gross margin of 44.2%, an increase of 0.8 percentage points from the previous year [6][14]. - Adjusted EBITDA grew by 7.5% year over year to RMB1,037.3 million (US$142.9 million), with an adjusted EBITDA margin of 23.4% [6][22]. - Profit for the period was RMB416.5 million (US$57.4 million), down from RMB586.0 million in the same period last year [6][21]. Operational Highlights - The total number of stores reached 7,768, representing a year-over-year increase of 978 stores, with 70% of new stores located in overseas markets [6][7]. - The number of MINISO stores in mainland China increased to 4,275, with a net addition of 241 stores [6][8]. - Revenue from MINISO brand in overseas markets grew by 30.3%, contributing 39.0% to total revenue from the brand [12][9]. Strategic Insights - The company emphasized its commitment to product mix optimization and strategic store network refinement to achieve sustainable growth [9][10]. - Investments in directly operated stores have led to an 85.5% increase in revenue from these locations, although related expenses also rose significantly [16][18]. - The company maintained a strong cash position of RMB7,255.3 million (US$999.8 million) as of March 31, 2025, and returned approximately RMB986.9 million to shareholders year to date [10][24].

Investor Presentation Q1 2025 FINANCIAL RESULTS May 19, 2025 Disclaimer Forward-Looking Statements The following information contains, or may be deemed to contain forward-looking statements (as defined in the U.S. Private Securities Litigation Reform Act of 1995). In some cases, you can identify these statements by forward-looking words such as "may," "might," "will," "should," "expect," "plan," "anticipate," "believe," "estimate," "predict," "potential" or "continue," the negative of these terms and other ...

NEW YORK, May 15, 2025 (GLOBE NEWSWIRE) -- Marex Group plc ('Marex' or the 'Group'; Nasdaq: MRX) a diversified global financial services platform, providing essential liquidity, market access and infrastructure services to clients in the energy, commodities and financial markets, today reported financial results for the first quarter ('Q1 2025'). Ian Lowitt, Group Chief Executive Officer, stated, "Robust levels of client activity across our businesses and positive market conditions led to a strong performan ...

VANCOUVER, BC, May 14, 2025 /PRNewswire/ - Galiano Gold Inc. ("Galiano" or the "Company") (TSX: GAU) (NYSE American: GAU) is pleased to report its first quarter ("Q1") 2025 production and financial results. Galiano owns a 90% interest in the Asanko Gold Mine ("AGM") located on the Asankrangwa Gold Belt in the Republic of Ghana, West Africa.All financial information contained in this news release is unaudited and reported in United States dollars. Galiano Gold Q1 Results (CNW Group/Galiano Gold Inc.) Q ...

Core Viewpoint - Valeura Energy Inc. reported strong financial and operational results for Q1 2025, highlighting a significant increase in adjusted cash flow from operations and a robust balance sheet, despite a decrease in oil production and revenue compared to the previous quarter. Financial Performance - Adjusted cash flow from operations reached US$74 million, a 55% increase compared to Q1 2024, attributed to a more tax-efficient corporate structure [3][14] - Oil revenue for Q1 2025 was US$148 million, essentially unchanged from Q1 2024, despite a 36% decrease in oil volumes sold [6][12] - Net income for Q1 2025 was US$14 million, a 93% decrease compared to the previous quarter [6] Operational Highlights - Average daily oil production was 23,853 bbls/d, an 8% increase year-over-year, but an 11% decrease from the previous quarter [6][10] - Adjusted operating expenses per barrel decreased to US$24.1, an 8% improvement compared to Q1 2024 [7][13] - The company maintained a strong cash position of US$239 million with no debt as of March 31, 2025 [5][16] Production and Inventory - Total working interest share production before royalties was 2.15 million bbls, an 8% increase from Q1 2024 [10] - Oil sales totaled 1.88 million bbls, leading to an increase in oil inventory to 0.89 million bbls by the end of Q1 2025 [11] Strategic Initiatives - The company is pursuing both organic and inorganic growth opportunities, with ongoing production operations across all fields in the Gulf of Thailand [5][17] - A positive final investment decision was made for the Wassana field redevelopment project, targeting production start in Q2 2027 [22][23] Future Outlook - Valeura expects to meet its production guidance range for 2025 of 23,000 – 25,500 bbls/d, supported by ongoing drilling campaigns and operational improvements [17][52]