Financial Performance Highlights - Birkenstock's FY25 revenue reached €2097 million, a 16% increase or 18% at constant currency[14,57] - Direct-to-Consumer (DTC) revenue was €795 million, up 11% or 12% at constant currency[14,57] - Business-to-Business (B2B) revenue grew by 20% or 21% at constant currency, reaching €1298 million[14,57] - Adjusted EBITDA increased by 20% to €667 million, with a margin of 318%, a 100 basis points increase[14,60] - Adjusted net profit rose by 44% to €346 million[14,62] - Adjusted EPS increased by 45% to €185[14,34] Regional Performance - Americas revenue reached €1086 million, up 15% or 18% at constant currency[17,57] - EMEA revenue was €785 million, a 14% increase at both reported and constant currency[17,57] - APAC revenue increased by 31% or 34% at constant currency, reaching €222 million[17,57] Financial Health - Net leverage decreased by 17% to 15x LTM Adjusted EBITDA[14,41] - Gross profit reached €1240 million with a margin of 591%, a 30 basis points increase[14,24] Outlook for FY26 - The company projects revenue to increase by 13-15% at constant currencies, targeting €2300-€2350 million[49,51] - Adjusted EBITDA is expected to be at least €700 million, with a margin of 300-305%[49,51]

Core Viewpoint - GDEV Inc. reported a decline in revenue for Q3 2025, primarily due to reduced consumer spending, while achieving a significant increase in profit and adjusted EBITDA compared to the same period in 2024 [3][9]. Financial Performance Summary - Revenue for Q3 2025 was $98 million, a decrease of 12% from $111 million in Q3 2024 [2][9]. - Platform commissions fell by $3 million (13%) to $21 million in Q3 2025 compared to Q3 2024 [4]. - Game operation costs remained stable at $14 million in Q3 2025, slightly up from $13 million in Q3 2024 [4]. - Selling and marketing expenses decreased significantly by 43% to $30 million in Q3 2025 from $52 million in Q3 2024 [5][9]. - General and administrative expenses were stable at $8 million in Q3 2025, compared to $7 million in Q3 2024 [6]. - Profit for the period, net of tax, increased to $24 million in Q3 2025 from $15 million in Q3 2024, marking a 66% increase [7][9]. - Adjusted EBITDA rose to $26 million in Q3 2025, up from $17 million in Q3 2024, representing a 50% increase [7][9]. - Cash flows from operating activities were positive at $15 million in Q3 2025, compared to $12 million in Q3 2024, reflecting a 24% increase [8]. Operational Performance Summary - Total bookings in Q3 2025 were $90 million, down 4% from $93 million in Q3 2024 [10]. - Bookings from in-app purchases decreased by 3% to $85 million in Q3 2025, while bookings from advertising fell by 18% to $5 million [10]. - Monthly paying users (MPU) decreased by 16% to 263,000 in Q3 2025 compared to 314,000 in Q3 2024 [10]. - Average Booking Per Paying User (ABPPU) increased by 16% to $107 in Q3 2025 from $92 in Q3 2024 [10]. - The share of advertising as a percentage of total bookings decreased to 6.0% in Q3 2025 from 7.1% in Q3 2024 [11]. - The split of bookings by platform showed a decrease in mobile share to 59% and an increase in PC share to 41% in Q3 2025 compared to the same period in 2024 [12]. - Geographically, the share of bookings from the US decreased to 32%, while Europe increased to 34% in Q3 2025 compared to Q3 2024 [13].

Core Insights - MINISO Group reported a significant revenue increase of 28.2% year over year, reaching RMB5,796.6 million (US$814.3 million) in the September Quarter, surpassing previous guidance [4][14] - The company achieved a milestone of over 8,000 stores globally, with a net addition of 718 stores year over year [12][10] - TOP TOY brand experienced remarkable growth, with revenue increasing by 111.4% year over year [12][15] Financial Highlights for the September Quarter - Gross profit rose by 27.6% year over year to RMB2,590.1 million (US$363.8 million), with a gross margin of 44.7% [4][16] - Adjusted operating profit increased by 14.8% year over year to RMB1,022.3 million (US$143.6 million), with an adjusted operating margin of 17.6% [20][4] - Adjusted net profit grew by 11.7% year over year to RMB766.8 million (US$107.7 million), with an adjusted net margin of 13.2% [25][26] Financial Highlights for the First Nine Months - Total revenue for the first nine months increased by 23.7% year over year to RMB15,189.8 million (US$2,133.7 million) [28] - Adjusted EBITDA rose by 14.0% year over year to RMB3,540.6 million (US$497.3 million), with an adjusted EBITDA margin of 23.3% [37][30] - Cash position improved to RMB7,766.2 million (US$1,090.9 million) as of September 30, 2025, compared to RMB6,698.1 million at the end of 2024 [39][40] Operational Highlights - The number of MINISO stores reached 7,831 as of September 30, 2025, with a year-over-year increase of 645 stores [10][9] - In mainland China, the number of MINISO stores increased to 4,407, representing a net addition of 157 stores [10][9] - The overseas store count reached 3,424, with a net increase of 488 stores year over year [10][9] Management Commentary - The CEO highlighted the strong performance in mainland China, with high-single-digit same-store sales growth (SSSG) and over 100 net new stores added in the quarter [12] - The CFO noted that the year-over-year revenue growth exceeded expectations, and the company demonstrated solid financial health with strong operating cash flow [13]

Core Insights - Vext Science, Inc. reported financial results for Q3 2025, correcting previous inaccuracies in EBITDA and Adjusted EBITDA figures [2][3] - The company achieved a revenue of $12.7 million, representing a 41% year-over-year increase, driven by expanded operations in Ohio and stable performance in Arizona [4][7] - Year-to-date operating cash flow reached $8.5 million, a significant improvement compared to $(0.7) million in the same period last year [7] Financial Performance - Corrected Q3 2025 financial results include: - Revenue: $12,670,000 - EBITDA: $1,828,000 - Adjusted EBITDA: $1,625,000 - Adjusted EBITDA Margin: 12.8% [5][14] - Comparison with previous quarters: - Q2 2025 Revenue: $13,407,000; EBITDA: $5,263,000; Adjusted EBITDA: $4,077,000; Adjusted EBITDA Margin: 30% [5][14] - Q3 2024 Revenue: $8,987,000; EBITDA: $1,925,000; Adjusted EBITDA: $2,873,000; Adjusted EBITDA Margin: 32% [5][14] Operational Highlights - The company expanded its retail footprint in Ohio to five locations, with plans to reach a total of eight dispensaries by 2026 [6][7] - Vext's operations in Arizona continued to outperform state averages on a per-store basis, maintaining steady performance despite market challenges [6][7] - Management expressed confidence in sustaining operational momentum and improving cash flow in Q4 2025 [6][8] Recent Developments - On September 17, 2025, Vext received regulatory approval to transfer ownership of the Herbal Wellness Center dispensary in Portsmouth, Ohio, completing the transfer on October 1, 2025 [9]

Operational Transformation and Financial Performance - The company has achieved over $410k in cost savings from operational transformation year-to-date, exceeding its yearly target [1] - Average fulfillment time has been reduced by 21% year-over-year in Q3 [1] - The cash position increased by 47% year-over-year in Q3, rising from $5.3 million to $7.8 million [1] - Continuous improvement in operations and manufacturing is expected to sustain cost savings in the future [1] Product Offerings and Customer Focus - The company emphasizes craftsmanship and customer service over market trends [2] - New holiday season products include the Palm Rosary, Northern Star Pendant, and Poker Chips, catering to various tastes and budgets [2] - Introduction of two new accessories: a practical Jewelry Tray and a custom Chessboard made from ebony and walnut [2] Financial Reporting and Forward-Looking Statements - The company utilizes non-IFRS financial measures to provide supplemental information about financial performance [3] - Forward-looking information includes business plans, growth strategies, and anticipated cost savings [4]

Fiscal First Quarter 2026 November 2025 BIOCERES CROP SOLUTIONS Disclaimer Industry and Market Data This Presentation is for informational purposes only and does not constitute an offer or invitation to sell, a solicitation of an offer to buy, or a recommendation to purchase any equity, assets, business, debt or other financial instruments of the Company or any of its affiliates, and shall not form the basis of any contract, nor shall it be construed in any manner as a commitment on the part of any person t ...

Core Insights - Diversified Royalty Corp. reported strong financial results for Q3 2025, with a weighted average organic royalty growth of 5.0% and significant contributions from various royalty partners [3][5][19] Financial Performance - Revenue for Q3 2025 was $18.3 million, representing a 13.4% increase compared to Q3 2024, while revenue for the nine months ended September 30, 2025, was $51.7 million, up 7.9% year-over-year [5][19] - Adjusted revenue for Q3 2025 was $19.6 million, a 12.6% increase from Q3 2024, and $55.7 million for the nine months, up 7.5% [5][19] - Distributable cash reached $13.1 million in Q3 2025, an 18.8% increase from Q3 2024, and $36.9 million for the nine months, up 14.6% [5][19] - The payout ratio decreased to 89.3% in Q3 2025 from 94.1% in Q3 2024, reflecting higher distributable cash per share [5][18] Royalty Partner Performance - Mr. Lube + Tires led with a same-store sales growth (SSSG) of 10.3% in Q3 2025, compared to 7.7% in Q3 2024 [8][11] - Oxford Learning Centres achieved SSSG of 4.4% in Q3 2025, up from 1.8% in Q3 2024 [12] - Mr. Mikes reported SSSG of 1.0% in Q3 2025, recovering from a decline of 3.1% in Q3 2024 [11] - AIR MILES® royalty income decreased by 10.7% to $0.8 million in Q3 2025, reflecting ongoing challenges in the rewards program [13] - Sutton's royalty income was $0.9 million, including a 20% royalty deferral [14] Dividend Policy - The board approved an increase in the annualized dividend from $0.2750 to $0.2850 per share, effective December 1, 2025, marking a 3.6% increase [5][19] Company Overview - Diversified Royalty Corp. focuses on acquiring top-line royalties from multi-location businesses and franchisors in North America, aiming for predictable and growing royalty streams [20][22]

Financial Performance - Revenue for 3Q25 was $455.1 million, representing a 6.6% year-over-year increase[14] - Adjusted EBITDA for 3Q25 was $261.5 million, with an Adjusted EBITDA margin of 57.5%[14] - Group ALFCF (Adjusted Levered Free Cash Flow) for 3Q25 reached $157.8 million, achieving a cash conversion rate of 60.4%[14] Regional Revenue Analysis - Nigeria's revenue in 3Q25 was $268.0 million, showing a 5.0% year-over-year increase[14] - SSA (Sub-Saharan Africa) revenue for 3Q25 amounted to $135.9 million, reflecting an 8.6% year-over-year increase[14] - Latam (Latin America) revenue in 3Q25 was $51.2 million, indicating an 11.2% year-over-year increase[14] Debt and Liquidity - Total Indebtedness as of 3Q25 was $3.9141 billion[16] - The company's cash and cash equivalents stood at $651.5 million as of 3Q25[16] - Consolidated net leverage ratio was 3.3x as of 3Q25[16] Operational Metrics - The company had 39,025 towers as of 3Q25[15] - The consolidated tenancy ratio was 1.48x in 3Q25[15]

Core Viewpoint - Martinrea International Inc. reported strong performance in Q3 2025, with improved operating income margins and positive results despite challenges from tariffs and production disruptions at key customers [3][4]. Financial Performance - Total sales for Q3 2025 were $1,190.8 million, a decrease of $46.7 million or 3.8% compared to Q3 2024 [4][15]. - Adjusted Operating Income for Q3 2025 was $65.0 million, with an Adjusted Operating Income Margin of 5.5%, up 20 basis points year over year [4][36]. - Free Cash Flow for Q3 2025 was $44.5 million, impacted by delayed collections due to a cybersecurity incident [4][36]. - Net Income for Q3 2025 was $35.8 million, a significant increase of 152.6% from $14.2 million in Q3 2024 [4][36]. Business Developments - The company secured new business worth approximately $30 million in annualized sales, contributing to a total of $170 million in new business awards over the last four quarters [3][4]. - Martinrea expects to finalize agreements on tariff relief with customers before year-end, which will cover most of its exposure [3][4]. Segment Performance - North America sales decreased by $47.8 million or 5.0% to $912.5 million in Q3 2025, primarily due to lower OEM production volumes and a decrease in tooling sales [15][16]. - Europe sales decreased by $2.9 million or 1.2% to $247.6 million, affected by lower OEM production volumes and tooling sales [18][23]. - Sales in the Rest of the World increased by $1.2 million or 3.7% to $34.9 million, driven by higher production volumes with General Motors and Mercedes [19][24]. Gross Margin Analysis - Gross margin for Q3 2025 was $169.97 million, representing 14.3% of total sales, an increase from 13.2% in Q3 2024 [26][27]. - The gross margin percentage for the nine months ended September 30, 2025, was 13.9%, up from 13.4% in the same period of 2024 [27][29]. Dividend Declaration - The Board of Directors declared a quarterly cash dividend of $0.05 per share, payable to shareholders of record on December 31, 2025 [42].

Core Insights - Leon's Furniture Limited reported solid financial results for Q3 2025, with system-wide sales increasing by 3.7% to $808.4 million and revenue rising by 4.1% to $678.7 million compared to Q3 2024 [6][7][8] - The company experienced a gross profit margin improvement of 79 basis points, reaching 44.59%, driven by a favorable sales mix and operational improvements [6][14] - Adjusted net income for the quarter was $44.3 million, reflecting a 19.1% increase, while adjusted diluted earnings per share grew by 20.4% to $0.65 [7][16][17] Financial Performance - Total system-wide sales for Q3 2025 were $808.4 million, up from $779.9 million in Q3 2024, marking a $28.5 million increase or 3.7% [8] - Revenue for the quarter was $678.7 million, an increase of $26.8 million or 4.1%, primarily driven by an 11.2% rise in furniture sales and strength in the appliance segment [12][8] - Same store sales increased by 3.9%, reaching $661.6 million compared to $636.5 million in the previous year [9][13] Profitability Metrics - Gross profit for Q3 2025 was $302.6 million, a 6.0% increase from $285.5 million in Q3 2024 [8] - Selling, general and administrative expenses (SG&A) were $241.0 million, representing 35.51% of revenue, a slight improvement from the previous year [15][8] - Net income for the quarter was $50.3 million, or $0.73 per diluted share, a significant increase from $36.9 million or $0.54 per diluted share in Q3 2024 [18][8] Liquidity and Dividends - As of September 30, 2025, the company had unrestricted liquidity of $549.6 million, which includes cash, cash equivalents, and undrawn credit facilities [7][6] - The company declared a quarterly dividend of $0.24 per common share, consistent with the previous quarter, payable on January 6, 2026 [19][8] Strategic Outlook - The company anticipates a promotional industry environment in Q4 2025 and early 2026, focusing on maintaining market share and profitability [6][21] - Leon's Furniture Limited aims to leverage its scale, distribution capabilities, and strong balance sheet to continue delivering value to customers and shareholders [6][21]