Yangaroo Announces Third Quarter 2025 Financial ResultsReports Thirteen Consecutive Quarter of Positive Normalized EBITDANovember 28, 2025 5:00 PM EST | Source: Yangaroo Inc.Toronto, Ontario--(Newsfile Corp. - November 28, 2025) - YANGAROO Inc. (TSXV: YOO) ("Yangaroo", "Company"), a software leader in media asset workflow and distribution solutions, today announced its financial results for the third quarter ended September 30, 2025. The third quarter financial statements and corresponding man ...

Core Viewpoint - South Bow Corp. reported its third-quarter 2025 financial and operational results, highlighting stable performance and providing an outlook for 2026, with a focus on financial strength and growth opportunities [1]. Financial Performance - Revenue for Q3 2025 was $461 million, with a net income of $93 million ($0.45/share) [5][8]. - Normalized EBITDA for Q3 2025 was $254 million, a 2% increase from Q2 2025, driven by maintenance capital expenditures [5][8]. - Distributable cash flow reached $236 million, an increase of $69 million from Q2 2025, attributed to changes in U.S. tax legislation and tax optimization efforts [5][8]. - Total long-term debt remained stable at $5.8 billion, with a net debt of $4.8 billion, maintaining a net debt-to-normalized EBITDA ratio of 4.6 times as of September 30, 2025 [5][8]. - Dividends declared totaled $104 million or $0.50/share during Q3 2025, with a quarterly dividend of $0.50/share approved for payment on January 15, 2026 [5][8]. Operational Performance - Average throughput on the Keystone Pipeline was approximately 584,000 bbl/d in Q3 2025, with the U.S. Gulf Coast segment averaging about 703,000 bbl/d [5][8]. - The Blackrod Connection Project achieved mechanical completion and is on track for commercial service in early 2026, with expected cash flow increases in the latter half of 2026 and into 2027 [5][8]. - Remedial actions related to the Milepost 171 incident are ongoing, with six in-line inspections and 37 integrity digs completed to date [5][8]. Returns to Shareholders - The company declared dividends totaling $104 million in Q3 2025, maintaining a strong commitment to returning value to shareholders [5][8]. - The board approved a quarterly dividend of $0.50/share, reinforcing the company's focus on sustainable shareholder returns [5][8]. 2026 Outlook - South Bow's 2026 guidance projects normalized EBITDA of approximately $1.03 billion, with about 90% secured through committed arrangements [10][22]. - The company anticipates a modest increase in its net debt-to-normalized EBITDA ratio through 2026, reflecting ongoing investments and one-time separation costs [10][22]. - Distributable cash flow for 2026 is expected to be around $655 million, influenced by higher anticipated current taxes compared to 2025 [10][22].

Core Viewpoint - CareTrust REIT reported strong operating results for Q3 2025, highlighting significant investments and a robust financial position, setting the stage for continued growth into 2026 [1][2][5]. Financial Performance - Net income for Q3 2025 was $74.9 million, or $0.35 per diluted share, representing a 67% increase from the prior year [2][4]. - Normalized Funds from Operations (FFO) reached $94.7 million, or $0.45 per diluted share, an 18% increase year-over-year [2][4]. - Normalized Funds Available for Distribution (FAD) was $93.1 million, or $0.44 per diluted share, up 13% from the previous year [2][4]. Investment Activity - CareTrust closed $495 million in investments during Q3 2025, bringing the year-to-date total to approximately $1.6 billion, a record for the company [1][4]. - The company has an investment pipeline of approximately $600 million, indicating strong future growth potential [1][4]. Liquidity and Capital Structure - As of September 30, 2025, CareTrust reported a net debt-to-annualized normalized run rate EBITDA of 0.42x, significantly below its target leverage range of 4.0x to 5.0x [3][4]. - The company completed a public offering of 23 million shares at $32.00 per share, raising gross proceeds of $736 million [3][4]. - CareTrust has approximately $334 million in cash on hand and no borrowings on its $1.2 billion revolving credit line [3][4]. Dividend Information - The company declared a quarterly dividend of $0.335 per share, with a payout ratio of approximately 76% based on normalized FAD [6][4]. Guidance - Updated guidance for 2025 projects net income of approximately $1.41 to $1.42 per diluted share, and normalized FFO of approximately $1.76 to $1.77 [5][4].

Core Insights - Yangaroo reported its twelfth consecutive quarter of positive Normalized EBITDA, demonstrating strong operational focus despite challenging market conditions [2][5] - Total revenue for Q2 2025 declined by $298,248, or approximately 15% year-over-year, attributed to geopolitical tensions and protectionist trade measures [3][9] Financial Performance - Revenue for Q2 2025 was $1,651,441, compared to $1,949,689 in Q2 2024 and $1,782,058 in Q1 2025 [6][9] - Operating loss for Q2 2025 was $18,777, with Normalized EBITDA at $220,909, down from $337,818 in Q2 2024 [4][9] - Operating expenses decreased to $1,670,218 in Q2 2025 from $1,838,985 in Q2 2024, reflecting cost control measures [9] Revenue Breakdown - Advertising revenue decreased by $222,360, or 16%, and Entertainment revenue decreased by $75,888, or 14% year-over-year [9] - Compared to Q1 2025, revenue decreased by $130,617, or 7%, primarily due to lower Advertising revenue [9] Strategic Focus - The company emphasized operational efficiency and disciplined cost control, which mitigated the negative impact on operating income [3][5] - Management remains focused on executing growth strategies, expanding the customer base, and investing in platforms for future opportunities [5] Legal and Corporate Developments - The company reached a settlement agreement of $60,000 related to ongoing legal proceedings from the 2021 acquisition of Digital Media Services Inc. [11] - A second settlement agreement for $150,000 was reached with the accounting firm involved in the same lawsuit [11]

Core Viewpoint - South Bow Corp. reported its second-quarter 2025 financial and operational results, highlighting stable performance despite challenges in the market and ongoing projects related to its spinoff from TC Energy [1]. Financial Performance - Revenue for Q2 2025 was $524 million, with a net income of $96 million, translating to $0.46 per share [8]. - Normalized EBITDA for Q2 2025 was $250 million, a 6% decrease from Q1 2025, primarily due to lower contributions from the Marketing segment [5][8]. - Distributable cash flow reached $167 million in Q2 2025 [5]. - The company maintained total long-term debt of $5.8 billion and net debt of $4.9 billion, with a net debt-to-normalized EBITDA ratio of 4.6 times as of June 30, 2025 [5][8]. Operational Performance - Average throughput on the Keystone Pipeline was approximately 544,000 barrels per day (bbl/d) in Q2 2025, with the U.S. Gulf Coast segment averaging about 760,000 bbl/d [5]. - The company completed construction of a 150,000-barrel crude oil storage tank as part of the Blackrod Connection Project, which is expected to be operational in early 2026 [5]. - South Bow successfully completed cleanup and reclamation of the Milepost 171 incident site, with costs estimated at $58 million, largely recoverable through insurance [5][12]. Returns to Shareholders - The company declared dividends totaling $104 million, or $0.50 per share, during Q2 2025, with the next dividend payment scheduled for October 15, 2025 [5][8]. - South Bow's capital allocation priorities include paying a sustainable base dividend and strengthening its investment-grade financial position [23]. Outlook - The demand for uncommitted capacity on the Keystone Pipeline is expected to remain low in the near term due to excess pipeline egress capacity in the Western Canadian Sedimentary Basin [13]. - South Bow anticipates a modest increase in its net debt-to-normalized EBITDA ratio through 2025, with expectations to begin reducing leverage once the Blackrod Connection Project starts generating cash flow in 2026 [14].