Codere Online Q4 2025 Earnings February 26, 2026 INFORMACION COLOR: R169 G103 B 171 R121 G192 B 0 R51 G63 B 72 Disclaimer This presentation (this "Presentation"), its contents and any information provided during the meeting to present this document are for discussion purposes only, and must not be relied upon for any purpose. This Presentation is not for release, publication or distribution, in whole or in part, in or into any jurisdiction where such distribution would be unlawful. Certain terms used throug ...

4Q'25 Results February 2026 Disclaimer This presentation was prepared by Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (d/b/a Volaris, the "Company") with the purpose of providing interested parties certain financial and other information about the Company. This presentation is solely for discussion purposes and highlights basic information about the Company. Because it is a summary, it does not contain all the information that you should consider before investing in the securities of the Company. ...

Q4 AND YEAR END 2025 RESULTS CONFERENCE CALL February 20, 2026 Skouries Forward Looking Statement Definitions and Photos: Capitalized terms used in this presentation but not otherwise defined herein have the meanings ascribed thereto in the Management's Discussion and Analysis dated February 19, 2026 of Eldorado Gold Corporation for the three and twelve months ended December 31, 2025 (the "MD&A"). Photos shown within the presentation were taken as recently as February 14, 2026. Reporting Currency All amount ...

Core Insights - EnWave Corporation reported consolidated interim financial results for Q1 2026, showing significant revenue growth and improvements in gross margin compared to the previous year [1][4]. Financial Performance - Revenues for Q1 2026 reached CAD 1,600,000, an increase of 36% from CAD 1,177,000 in Q1 2025, attributed to large-scale machine sales and increased royalties [2][4]. - Direct costs rose to CAD 1,006,000, up 20% from CAD 837,000 in the prior year [2]. - Gross margin improved to CAD 594,000, representing a 75% increase from CAD 340,000, with a gross margin percentage of 37% compared to 29% in Q1 2025 [2][4]. - Operating expenses totaled CAD 1,468,000, a 16% increase from CAD 1,268,000, driven by higher sales personnel and other costs [2][4]. - The net loss from continuing operations was CAD 1,108,000, an 18% increase from CAD 938,000 in the previous year [2][4]. - Adjusted EBITDA loss was CAD 585,000, showing an improvement of CAD 50,000 from CAD 635,000 in Q1 2025 [2][4]. Revenue Breakdown - Base royalties for Q1 2026 were CAD 500,000, an 18% increase from CAD 425,000 in the prior year [4]. - Total royalty revenue for Q1 2026 was CAD 627,000, a 12% increase from CAD 559,000 in Q1 2025, driven by more royalty partners and increased product sales [4]. Corporate Developments - EnWave signed several Commercial License Agreements (CLAs) with partners, including Gowen Gumlu Grower's Association in Australia and Shinyway International Limited in New Zealand, indicating expansion in its market presence [10][11]. - The company has developed a robust intellectual property portfolio and continues to innovate in vacuum microwave dehydration technology, enhancing its competitive edge in the food, pharmaceutical, and cannabis industries [8][9].

Core Insights - Copa Holdings reported strong financial results for the fourth quarter and full year 2025, showcasing industry-leading profitability and operational excellence [1][5][10]. Fourth Quarter 2025 Highlights - Net profit reached US$172.6 million, or US$4.18 per share, marking a 5.3% year-over-year increase in earnings per share [5][11]. - Operating margin was 21.8% and net margin was 17.9%, reflecting a decrease of 1.4 and 1.0 percentage points compared to 4Q24 [5][11]. - Capacity, measured in available seat miles (ASMs), grew by 9.9% year-over-year [5][8]. - Revenue per available seat mile (RASM) was 11.3 cents, a decrease of 0.3% compared to 4Q24 [5][8]. - Operating cost per available seat mile (CASM) increased by 1.6% to 8.8 cents, while CASM excluding fuel rose by 0.7% to 5.9 cents [5][8]. - The company ended the quarter with approximately US$1.6 billion in cash and investments, representing 44% of the last twelve months' revenues [5][11]. Full Year 2025 Highlights - Net profit for the year was US$671.6 million, or US$16.28 per share, an 11.9% year-over-year increase [5][11]. - Operating margin improved to 22.6% and net margin to 18.6%, up 0.8 and 1.0 percentage points respectively compared to 2024 [5][11]. - Capacity grew by 7.8% year-over-year [5][8]. - RASM for the year was 11.2 cents, down 2.6% compared to 2024 [5][8]. - CASM decreased by 3.6% to 8.6 cents, while CASM excluding fuel decreased by 0.7% to 5.8 cents [5][8]. Operational Performance - Copa Airlines achieved an on-time performance of 89.0% for the quarter and 90.75% for the year, recognized as the most on-time airline in Latin America [5][11]. - The company took delivery of four Boeing 737 MAX 8 aircraft in 4Q25, ending the year with a total fleet of 125 aircraft [5][11]. Future Developments - The Board of Directors approved a quarterly dividend payment of US$1.71 per share for 2026, with the first payment scheduled for March 13, 2026 [5][11]. - The company announced plans to offer onboard Wi-Fi starting in October 2026 [5][11].

Core Viewpoint - The conference call is focused on the Q4 2025 earnings report of Allied Properties REIT, with an emphasis on the company's performance and future outlook [2][5]. Group 1: Company Performance - The call is led by Cecilia Williams, the President and CEO, indicating a leadership presence in discussing the company's financial results [2]. - The company will discuss non-IFRS financial measures to provide a clearer understanding of its performance trends [4]. Group 2: Forward-Looking Statements - The management will make forward-looking statements regarding future events and performance, which are based on current expectations and subject to various risks and uncertainties [3]. - Material assumptions underlying these forward-looking statements will be referenced in the 2025 annual report [3]. Group 3: Conference Call Structure - There will be no question-and-answer session during this call due to the concurrent equity offering announced by the company [5].

Investor Presentation December 31, 2025 CAUTIONARY STATEMENT This document is current as of December 31, 2025, except where otherwise stated. The information contained in this presentation is provided by Organigram Global Inc. ("Organigram" or the "Company") for informational purposes only and does not constitute an offer to issue or arrange to issue, or the solicitation of an offer to issue, securities of Organigram or other financial products. No part of this presentation shall form the basis or be relied ...

Core Insights - ATS Corporation reported strong financial results for the third quarter of fiscal 2026, with revenues increasing by 16.7% year-over-year to $760.7 million, driven by organic revenue growth across various markets [1][2][3] - The company experienced a net income of $30.0 million, significantly up from $6.5 million in the same quarter last year, reflecting improved operational performance [2][5] - Adjusted basic earnings per share rose to 48 cents from 32 cents a year ago, indicating enhanced profitability [1][2] Financial Performance - Revenues for the third quarter were $760.7 million, a 16.7% increase from $652.0 million in the previous year [1][4] - Year-to-date revenues reached $2,225.8 million, up 13.6% from $1,959.0 million [1][4] - Net income for the third quarter was $30.0 million, compared to $6.5 million in the prior year, marking a 361.5% increase [2][5] - Adjusted EBITDA for the third quarter was $105.2 million, a 20.2% increase from $87.5 million a year ago [1][4] Order Bookings and Backlog - Order Backlog as of December 28, 2025, was $2,053 million, slightly down from $2,060 million a year ago [1][2] - Order Bookings for the third quarter were $821 million, a decrease of 7.0% year-over-year, primarily due to a decline in organic Order Bookings [2][3] - Year-to-date Order Bookings totaled $2,248 million, down from $2,442 million in the previous year [1][2] Market Performance - Revenue growth was observed across various sectors, with life sciences increasing by 3.9%, consumer products by 57.4%, and energy by 161.6% year-over-year [2][4] - The transportation sector saw a decline in revenues by 22.1% due to lower Order Backlog [2][3] - The company noted strong demand in the food & beverage sector, particularly in automated solutions [3][4] Management and Strategic Outlook - Doug Wright was appointed as CEO, with a focus on enhancing execution discipline and capital allocation [1][2] - The company is optimistic about its diversified portfolio and leadership team, aiming to navigate current market conditions effectively [1][3] - Management anticipates revenues in the fourth quarter of fiscal 2026 to be between $710 million and $750 million [3][4]

Core Insights - Tiendas 3B reported strong financial performance in Q3 2025, with total revenue reaching Ps. 20,279 million, a 36.7% increase year-over-year, driven by same-store sales growth of 17.9% and the opening of 131 new stores [4][7][9]. Financial Results - Total revenue for Q3 2025 was Ps. 20,279 million, up 36.7% from Ps. 14,834 million in Q3 2024 [8][9]. - Gross profit increased to Ps. 3,277 million, reflecting a 39.8% growth compared to Q3 2024, with a gross profit margin of 16.2% [10][38]. - EBITDA, excluding non-cash share-based payments, rose 43.6% year-over-year to Ps. 1,170 million, with an adjusted EBITDA margin of 5.8% [4][15][38]. Store Expansion and Operations - The company opened 131 net new stores in Q3 2025, bringing the total store count to 3,162, with 528 net new stores opened over the past twelve months [3][26]. - Two new distribution centers were opened, increasing the total to 18 regions served [3][26]. Expense Management - Sales expenses reached Ps. 2,065 million, a 37.8% increase from Q3 2024, primarily due to higher labor costs associated with the expanded store base [11][12]. - Administrative expenses surged to Ps. 2,109 million, a 326.5% increase year-over-year, largely due to higher non-cash share-based payment expenses and increased staffing costs [12][13]. Cash Flow and Liquidity - Net cash flows from operating activities for the first nine months of 2025 were Ps. 3,095 million, a 30.1% increase from Ps. 2,378 million in the same period of 2024 [22][23]. - As of September 30, 2025, the company had cash and cash equivalents of Ps. 1,113 million and US$151 million in short-term bank deposits [20][38]. Market Position and Strategy - Tiendas 3B aims to operate at least 14,000 stores in Mexico, with older store cohorts showing same-store sales growth above inflation [5][37]. - The company emphasizes the importance of human capital in sustaining long-term growth and continues to invest in talent and store openings [5][6].

Core Insights - Northland Power Inc. reported strong operating results with a 96% availability rate and progress on offshore wind projects in Europe [2][3] - The company adjusted its annual dividend to $0.72 per share to enhance financial flexibility for self-funded growth while maintaining an investment-grade balance sheet [3] - Northland's financial outlook for 2025 remains unchanged, with expected Adjusted EBITDA between $1.2 billion and $1.3 billion and Free Cash Flow per share between $1.15 and $1.35 [34] Financial Performance - Revenue from energy sales for Q3 2025 was $554 million, up from $491 million in Q3 2024, reflecting an increase of 13% [7][9] - Net loss for Q3 2025 was $456 million compared to a net loss of $191 million in Q3 2024, primarily due to impairment expenses and fair value losses [24][9] - Adjusted EBITDA for Q3 2025 was $257 million, an increase of 13% from $228 million in Q3 2024, driven by higher production and energy rates [11][27] Project Updates - The Hai Long offshore wind project, with a capacity of 1.0 GW, is on track for full commercial operations in 2027, although slower turbine commissioning may impact pre-completion revenues by approximately $150 million to $200 million in 2026 [7][3] - The Baltic Power offshore wind project, with a capacity of 1.1 GW, is also progressing well and is expected to reach full commercial operations in the second half of 2026 [7][3] - Development of the ScotWind offshore wind projects is ongoing, with community consultations completed and consent submissions expected soon [7] Cash Flow and Liquidity - Cash provided by operating activities in Q3 2025 was $325 million, compared to $196 million in Q3 2024, indicating a significant increase in operational cash flow [29][8] - Free Cash Flow for Q3 2025 was $45 million, a 131% increase from $19 million in Q3 2024, attributed to higher Adjusted EBITDA and operational efficiencies [31][29] - As of September 30, 2025, Northland had available corporate liquidity of $1,047 million, including $180 million in cash and approximately $867 million in revolving credit capacity [8]