Core Insights - AGI reported a revenue of $396 million for Q4 2025, reflecting a 4% increase year-over-year, but faced a significant decline in adjusted EBITDA, which decreased by 38% to $48 million [4][10][18] - The company is undergoing a restructuring plan aimed at improving operational efficiency and financial performance, including a reduction in the executive leadership team and a reevaluation of its investment approach [3][5][9] Financial Performance - Revenue for the Farm segment decreased by 8% to $123.1 million, while the Commercial segment saw a 10% increase to $272.7 million [11][17] - Adjusted EBITDA margins declined significantly, with the Farm segment dropping from 24.1% to 16.0% and the Commercial segment from 21.6% to 12.0% [12][13] - The net debt leverage ratio increased to 4.7x as of December 31, 2025, compared to 3.9x at the end of Q3 2025 [4][6] Restructuring and Strategic Changes - The restructuring plan is expected to incur up to $20 million in non-recurring expenses in the first half of 2026, with anticipated annualized cost savings of at least $20 million [6][9] - The company has decided to terminate its ERP system implementation and will instead focus on upgrading existing IT systems, which is projected to save at least $20 million over the next two years [6][7] - AGI is also reviewing its portfolio of assets to refocus on core business lines and strengthen its balance sheet [8][9] Market Conditions and Outlook - The order book decreased by 26% year-over-year to $543 million, primarily due to the execution of significant projects in the International Commercial segment [4][16] - The Farm segment remains vulnerable to cyclical market conditions, limiting near-term visibility, while the Commercial segment's order intake softened in late 2025 and early 2026 [4][9]

Core Insights - Tiendas 3B reported strong financial performance for 4Q25 and FY2025, with total revenue reaching Ps. 21,972 million for the fourth quarter, a 34.4% increase year-over-year, and Ps. 78,153 million for the full year, up 36.1% compared to 2024 [1][3][4] - Same Store Sales grew by 16.6% in 4Q25 and 18.3% for the full year, indicating robust consumer demand and effective store operations [1][4] - The company opened 574 net new stores in 2025, exceeding its guidance, and increased its total store count to 3,346 [1][4] Financial Performance - EBITDA for 4Q25 was reported at Ps. 79 million, significantly impacted by a non-cash share-based payment expense of Ps. 891 million and a one-time write-off of Ps. 230 million, while adjusted EBITDA reached Ps. 1,200 million, a 23.5% increase from 4Q24 [2][3] - For the full year, EBITDA was Ps. 1,224 million, down from Ps. 2,847 million in 2024, but adjusted EBITDA excluding non-cash expenses was Ps. 4,384 million, reflecting a 30.1% growth [3][4] - Gross profit for 4Q25 was Ps. 3,580 million, a 32.7% increase year-over-year, with a slight contraction in gross margin due to increased logistic costs [2][3] Operational Highlights - The company opened four new distribution centers in 2025, bringing the total to 20, which supports its expanding store network [1][4] - Private label products accounted for 58.2% of revenues in 2025, up from 53.6% in 2024, indicating a successful strategy to enhance product offerings [1][4] - The average ticket size increased by 11.0% from Ps. 85.4 to Ps. 94.9, driven by a higher number of items per transaction [3][4] Cash Flow and Liquidity - Net cash flows from operating activities increased by 24.9% to Ps. 4,682 million in 2025, demonstrating strong cash generation capabilities [4] - The company reported a net loss of Ps. 1,043 million for 4Q25, compared to a net loss of Ps. 24 million in 4Q24, primarily due to the aforementioned non-cash expenses [3][4] - As of December 31, 2025, the company had cash and cash equivalents of Ps. 1,427 million and $151 million in U.S. dollar-denominated short-term bank deposits [4][5] Future Guidance - For 2026, the company plans to open between 590 and 630 new stores and expects Same Store Sales growth between 13% and 16%, with total revenue growth projected at 29% to 32% [4][5]

Core Insights - Hepsiburada reported a growth in gross merchandise value (GMV) and revenue for Q4 2025, with GMV increasing by 10.5% to TRY 85.3 billion and revenue rising by 17.8% to TRY 27,970.5 million compared to Q4 2024 [4][6][23]. Financial Highlights for Q4 2025 - Gross merchandise value (GMV) increased by 10.5% to TRY 85.3 billion compared to TRY 77.2 billion in Q4 2024 [4]. - Revenue increased by 17.8% to TRY 27,970.5 million compared to TRY 23,745.0 million in Q4 2024 [4]. - Number of orders increased by 17.6% to 28.3 million compared to 24.1 million in Q4 2024 [4]. - Active customers remained stable at 11.8 million, showing a 0.3% increase [4]. - Free cash flow increased by 79.3% to TRY 3,468.1 million from TRY 1,934.7 million in Q4 2024 [4][7]. - EBITDA decreased to TRY 1.1 million compared to TRY 935.8 million in Q4 2024, with EBITDA as a percentage of GMV at 0.0%, a decrease of 1.2 percentage points [4][10]. Financial Highlights for Full Year 2025 - Full-year GMV increased by 4.3% to TRY 257.5 billion compared to TRY 246.9 billion in FY 2024 [8][39]. - Revenue increased by 13.4% to TRY 84,651.8 million compared to TRY 74,669.6 million in FY 2024 [8][39]. - Number of orders increased by 9.5% to 87.5 million compared to 79.9 million in FY 2024 [8][39]. - Free cash flow increased by 83.2% to TRY 8,877.0 million from TRY 4,845.5 million in FY 2024 [8][44]. - EBITDA decreased by 57.8% to TRY 1,141.4 million compared to TRY 2,703.1 million in FY 2024, with EBITDA as a percentage of GMV at 0.4%, a decrease of 0.7 percentage points [8][42]. Operational Highlights - The share of marketplace GMV was 67.7% in Q4 2025, down from 69.5% in Q4 2024 [4]. - Active merchant base increased by 1.8% to 102.0 thousand compared to 100.2 thousand as of December 31, 2024 [4]. - Order frequency increased by 9.2% to 7.4 compared to 6.8 as of December 31, 2024 [4]. Strategic Initiatives - The company executed its "Legendary Friday" campaign in Q4 2025, contributing to the growth in GMV and order volume [8]. - Investments in growth initiatives, including delivery cost reduction and performance marketing, were noted as key factors impacting financial results [10]. ESG Actions - The "Technology Empowerment for Women Entrepreneurs" program reached an additional 2,504 women, supporting approximately 70 thousand women entrepreneurs to date [16]. - The "Your Companion Is Here" program facilitated 17 training sessions, reaching nearly 600 participants [17].

Safe Harbor Q4 2025 Earnings Presentation Cautionary Language Concerning Forward-Looking Statements Statements included herein that are not historical facts, including without limitation statements concerning future strategy, plans, objectives, expectations and intentions, projected financial results, liquidity, growth and prospects, are forward-looking statements. Such forward-looking statements involve a number of risks and uncertainties and are subject to change at any time. In the event such risks or un ...

Core Viewpoint - Eldorado Gold Corporation reported strong financial and operational results for Q4 2025 and the full year, achieving higher gold production and sales, driven by favorable gold prices and solid operational execution [5][47]. Operations - Gold production reached 123,416 ounces in Q4 2025 and 488,268 ounces for the full year, achieving the higher end of production guidance [4]. - Gold sales totaled 126,923 ounces in Q4 2025 and 491,204 ounces for the year, with an average realized gold price of $4,251 per ounce in Q4 and $3,505 per ounce for the year [4][46]. - Production costs were $203.0 million in Q4 2025 and $677.6 million for the year, with total cash costs at $1,295 per ounce sold in Q4 and $1,176 per ounce sold for the year [4][51]. Financial - Revenue for Q4 2025 was $577.2 million, and for the full year, it was $1,818.9 million, marking a 38% increase from 2024 [47]. - Net earnings attributable to shareholders from continuing operations were $252.3 million in Q4 2025 and $519.9 million for the year, compared to $108.2 million and $300.9 million in the respective prior periods [53]. - Adjusted net earnings from continuing operations were $126.1 million ($0.63 per share) in Q4 2025 and $354.9 million ($1.75 per share) for the year [54]. Skouries Project - The Skouries Project is progressing, with first production of copper-gold concentrate expected in early Q3 2026 and commercial production anticipated in Q4 2026 [7]. - The capital cost estimate for Skouries is $1.16 billion, fully funded through projected equity contributions and project financing [9]. - As of December 31, 2025, overall project progress was 90% complete, with significant advancements in construction activities [12]. Health and Safety - The lost-time injury frequency rate improved to 0.55 in Q4 2025, reflecting the company's commitment to workplace safety [35]. - The Courageous Safety Leadership program achieved 25% workforce participation, aiming for full implementation across all regions in 2026 [35]. Sustainability and Growth - The company increased its Mineral Reserves by 5% in 2025, driven by a 25% increase at the Lamaque Complex, indicating significant opportunities for resource conversion [35]. - Eldorado was recognized by TIME as one of Canada's Best Companies in 2025, reflecting strong performance in sustainability and employee satisfaction [35].

Core Insights - Trisura Group Ltd. reported a strong financial performance for the fourth quarter and the year ended December 31, 2025, with a 17.8% growth in book value and an 84.9% combined ratio, indicating effective management and operational stability [1][5][10] Financial Performance - The company achieved an operating net income of $36.6 million for Q4 2025, translating to $0.75 per share, contributing to a record annual operating net income of $138.4 million [1][5] - Net insurance revenue increased by 11.8% to $200.3 million in Q4 2025, driven by a 15.4% growth in primary lines [2][5] - The gross premium written (GPW) for Q4 2025 was $786.7 million, reflecting a 10.1% increase compared to Q4 2024 [4][5] - The underwriting income for Q4 2025 was $29.7 million, a decrease of 10.7% from the previous year, attributed to a higher combined ratio [4][5] - Net investment income grew by 25.4% to $21.5 million in Q4 2025, supported by ongoing contributions to the investment portfolio [4][5] Capital Position - Trisura's capital base reached a record $925 million at year-end 2025, with a conservative debt-to-capital ratio of 12.7%, indicating strong financial flexibility [3][5] - The operating return on equity (ROE) was reported at 17.2%, reflecting profitability from core operations, although it was lower than the previous year [5][20] Ratios and Metrics - The combined ratio for Q4 2025 was 85.2%, up from 81.5% in Q4 2024, indicating a slight decline in underwriting performance [4][22] - The loss ratio for Q4 2025 was 32.9%, compared to 31.7% in Q4 2024, while the expense ratio increased to 52.3% from 49.8% [4][22] - The diluted earnings per share (EPS) for Q4 2025 was $0.77, a significant increase of 92.5% compared to $0.40 in Q4 2024 [4][5]

Q4'25 financial & operating results For the period ended December 31, 2025 Sun Life Financial Inc. (unaudited) In this presentation, Sun Life Financial Inc. ("SLF" or "SLF Inc."), its subsidiaries and, where applicable, its joint ventures and associates are collectively referred to as "we", "us", "our", "Sun Life" and the "Company". Reported net income (loss) refers to Common shareholders' net income (loss) determined in accordance with IFRS. Forward-looking statements Certain statements in this presentatio ...

Yatra Online Inc. Earnings Presentation Q3/9M-FY26 Disclaimer This presentation is for informational purposes only and does not constitute an offer to sell, a solicitation of any offer to buy, or a recommendation to purchase any securities of or any of its affiliates (as such term is defined under the U.S. federal securities laws). The presentation shall not constitute a solicitation of a proxy, consent or authorization with respect to any securities. This presentation shall also not constitute an offer to ...

4Q 2025 EARNINGS PRESENTATION FEBRUARY 2026 1 TODAY'S SPEAKERS –––––––––––––––––– JEAN-CHRISTOPHE FLATIN, CEO DANIEL ORDOÑEZ, GLOBAL PRESIDENT & COO MARIE-JOSÉ DAVID, CFO 2 LEGAL DISCLAIMER Forward - Looking Statements This document contains forward - looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. An y express or implied statements contained in this document that are not statements of historical fact may be deemed to be for ward- looking statements, including, ...

Core Insights - GLOBALFOUNDRIES Inc. (GF) reported strong preliminary financial results for Q4 and FY2025, with revenue, gross margin, operating margin, and earnings per share exceeding guidance expectations [4][6][15] Key Fourth Quarter Financial Highlights - Q4 2025 revenue reached $1.830 billion, with a gross margin of 27.8% and a Non-IFRS gross margin of 29.0% - Operating margin was 13.9%, while Non-IFRS operating margin stood at 18.3% - Net income for Q4 was $200 million, with Non-IFRS net income at $310 million - Diluted earnings per share (EPS) was $0.36, and Non-IFRS diluted EPS was $0.55 [6][11][12] Key Full Year 2025 Financial Highlights - Total revenue for FY2025 was $6.791 billion, reflecting a 1% increase from FY2024 - Gross profit for the year was $1.690 billion, with a gross margin of 24.9% and a Non-IFRS gross margin of 26.1% - Operating profit was $797 million, a significant improvement from a loss in FY2024, resulting in an operating margin of 11.7% - Net income for the year was $888 million, compared to a loss in the previous year, with a diluted EPS of $1.59 [15][16] Recent Business Highlights - GF announced a share repurchase authorization of up to $500 million, allowing for discretionary stock buybacks over the next 12 months [4] - The company entered into an agreement to acquire Synopsys' ARC Processor IP Solutions business, enhancing its capabilities in physical AI applications [7] - GF also acquired Advanced Micro Foundry and Infinilink, strengthening its position in silicon photonics and high-speed connectivity chips [12][8]