Operating expenses reduced 62% year-over-year and net loss narrowed by 59% as Rivalry completes second quarter under rebuilt, high-leverage modelTORONTO, Aug. 29, 2025 (GLOBE NEWSWIRE) -- Rivalry Corp. (the “Company” or “Rivalry”) (TSXV: RVLY), an internationally regulated sports betting and media company, today announced financial results for the three and six-month period ended June 30, 2025 (“Q2 2025”). All dollar figures are quoted in Canadian dollars unless otherwise noted. Q2 2025 marks Rivalry’s seco ...

For personal use only FY25 Results AGENDA 01 Results Highlights 02 Results Overview 03 Operating Performance 04 Outlook 05 Q&A For personal use only Peet acknowledges Aboriginal and Torres Strait Islander Peoples as the Traditional Owners of the lands and waters of Australia, and we pay our respect to their Elders past and present. We recognise Aboriginal and Torres Strait Islander Peoples continued connection and relationship with Country and value the rich cultural contribution they make to the communitie ...

Core Viewpoint - Bear Creek Mining Corporation reported its interim consolidated financial results for Q2 2025, highlighting challenges in production and financial performance, alongside ongoing strategic reviews and debt restructuring efforts [1][3][24]. Financial Results - Revenue for Q2 2025 was $27.8 million, with a comprehensive loss after taxes of $11.7 million, equating to a loss of $0.04 per share [3][24]. - Cash generated from operating activities was $(1.7) million, while investing activities used $(10.3) million, and financing activities generated $10.1 million [3][25]. - As of June 30, 2025, the company held cash and cash equivalents totaling $4.8 million, down from $6.7 million at the end of 2024 [25]. Production Highlights - The Mercedes mine produced 7,973 ounces of gold and 33,932 ounces of silver during Q2 2025 [4][6]. - Cash costs per gold ounce sold were $2,327, and all-in sustaining costs (AISC) per gold ounce sold were $2,753 [3][4]. - The total tonnes mined were 91,941, with 89,488 tonnes processed, and a recovery rate for gold of 96% [3][6]. Operational Challenges - Production was lower than planned due to contractor underperformance and challenging ground conditions at the Marianas deposit [6][8]. - The company terminated its mining services agreement with the underperforming contractor and transitioned to a new contractor to enhance efficiency [7][8]. - A comprehensive recovery plan is being implemented to address the development deficit at the Marianas deposit [8][10]. Strategic Review - The ongoing Strategic Review aims to explore various options, including recapitalization, asset sales, or mergers, to enhance company value [22]. - The company has deferred interest payments on certain debt arrangements until December 31, 2025, to improve liquidity [19][22]. Development Activities - During Q2 2025, 1,828 meters of development were achieved at the Mercedes Mine, a reduction attributed to contractor issues [10]. - Delineation and infill drilling continued at the Marianas deposit, with expenditures of $1.0 million during the quarter [14]. Corani Project - Activities at the Corani Property focused on assessing the Oxides opportunity and community support initiatives, but further work on this opportunity is currently on hold due to the Strategic Review [15][16]. Social and Environmental Initiatives - The company maintained environmental monitoring activities around the Corani camp during Q2 2025 [18].

Core Viewpoint - Altus Group Limited is undergoing a strategic review that may involve acquisitions, divestitures, or a potential sale or merger, although no specific actions are guaranteed from this process [2][3]. Group 1 - The company acknowledges recent media speculation regarding a potential transaction but maintains a policy of not commenting on market rumors [1]. - The board of directors is committed to maximizing stakeholder value through the ongoing strategic review [2]. - The review process may not lead to any definitive actions, and the company will only disclose developments as required by regulatory obligations [3]. Group 2 - Altus Group connects data, analytics, applications, and expertise to enhance commercial real estate (CRE) performance, with a global team of approximately 2,000 experts [4].

Strategic Review Update - The Trust has been undergoing a strategic review process since November 15, 2022, aimed at maximizing unitholder value [1] - The Board will assess matters quarterly to determine potential distributions of excess income, net proceeds from asset sales, or reinvestment strategies [2] Earnings Summary - For the three months ended June 30, 2025, the Trust reported a net loss of approximately $51.7 million, compared to a loss of $73.9 million for the previous quarter and a loss of $2.8 million for the same period in 2024 [4] - The net income before fair value adjustments for the same period was approximately $265.5 million, an increase from $167.1 million in the previous quarter [4] - Funds from Operations (FFO) for the three months ended June 30, 2025, were $350.5 million, up from $238.1 million in the previous quarter [4] - Adjusted Funds from Operations (AFFO) for the three months ended June 30, 2025, were $300.7 million, compared to $197.4 million in the previous quarter [4] Asset Sales and Financial Transactions - The Trust sold four of its six wholly owned assets for gross proceeds of approximately $71.6 million, with net sale proceeds of about $28 million used for debt repayment [5] - The Trust provided seller financing of $4.0 million for a property sale in Florida, generating a minimum return of 9% that has escalated to 15% [5] - A joint venture property in Maryland was sold for $15.9 million, with the Trust receiving approximately $1.1 million from the net sale proceeds [5] - A joint venture in Hartford, Connecticut, refinanced its existing mortgage, resulting in net proceeds of $2.2 million, of which $1.7 million was repaid to the Trust [5] Financial Performance Comparison - Excluding non-cash fair value adjustments, net income for the three months ended June 30, 2025, was approximately $0.27 million, compared to $0.17 million in the previous quarter and a loss of $0.37 million in the same period last year [6] - For the six months ended June 30, 2025, net income was approximately $0.43 million, compared to a loss of $0.43 million for the same period last year [6] - AFFO for the six months ended June 30, 2025, was approximately $0.5 million, compared to a loss of $0.4 million for the same period last year [6]

Core Insights - Stoneridge, Inc. reported a record quarterly sales of $228.0 million for Q2 2025, with a gross profit of $48.9 million, representing 21.5% of sales, despite an operating loss of $(2.6) million [3][7] - The company announced significant new program awards totaling approximately $775 million in lifetime revenue, including the largest award in its history for the MirrorEye program, estimated at $535 million [5][8] - Stoneridge is reviewing strategic alternatives for its Control Devices business, potentially leading to a sale to maximize shareholder value [9][10] Financial Performance - Q2 2025 sales were $228.0 million, with a net loss of $(9.4) million and adjusted net loss of $(7.0) million, resulting in a loss per share of $(0.34) [3][7] - Adjusted EBITDA for Q2 2025 was $4.6 million, or 2.0% of sales, which would be $8.1 million or 3.5% of sales excluding non-operating foreign currency expenses [3][7] - The company maintained its full-year 2025 sales guidance of $860 million to $890 million, while updating adjusted EBITDA guidance to $34 million to $38 million [20][21] Business Segments - Electronics segment sales for Q2 2025 were $149.6 million, a 6.4% increase from Q1 2025, driven by higher MirrorEye sales and favorable foreign currency translation [11] - Control Devices segment sales increased by 1.9% to $71.2 million in Q2 2025, attributed to higher production volumes in the North American passenger vehicle market [12] - Stoneridge Brazil reported a 6.0% increase in sales to $15.3 million, driven by favorable foreign currency translation and higher aftermarket product sales [13][16] Strategic Initiatives - The company is focused on long-term strategies aligned with industry megatrends and advanced technologies, particularly in vision systems [6][10] - The review of strategic alternatives for the Control Devices segment aims to ensure that each part of the business has the necessary resources and focus to reach its full potential [10][27] - Stoneridge continues to emphasize cash performance and working capital management, achieving a net cash provided by operating activities of $10.7 million in Q2 2025 [17][19]

Core Viewpoint - Bear Creek Mining Corporation reported production results for Q2 2025, indicating a total of 7,973 ounces of gold and 33,932 ounces of silver from the Mercedes Mine, reflecting challenges in production efficiency due to contractor performance issues [1][2]. Production Results - The company mined 91,941 tonnes of ore in Q2 2025, down from 102,886 tonnes in Q1 2025 - Ore processed decreased to 89,488 tonnes in Q2 2025 from 105,611 tonnes in Q1 2025 - Gold grade processed improved to 2.88 grams per tonne (gpt) from 2.56 gpt in the previous quarter - Gold recovery rate increased to 96% from 95% in Q1 2025 - Gold ounces produced decreased from 8,262 in Q1 2025 to 7,973 in Q2 2025 - Silver ounces produced also decreased from 36,466 in Q1 2025 to 33,932 in Q2 2025 - Development meters fell to 1,828 from 2,469 in Q1 2025 [2][3]. Contractor Performance and Recovery Plan - The underperformance of a mining contractor engaged in late 2024 led to production challenges, prompting the company to terminate the mining services agreement in May 2025 - A comprehensive recovery plan is being implemented to enhance production efficiency, with a transition to a new contractor for the Marianas deposit, which is expected to be a major contributor to production in 2025 [2][3]. Strategic Review - The ongoing Strategic Review, initiated on March 4, 2025, is exploring various options including recapitalization, asset sales, mergers, and joint ventures, although no guarantees exist regarding the outcome [4]. Financial Drawdown - The company drew down US$2.4 million from the 2025 Sandstorm Note on July 14, 2025, with a total of US$3.6 million drawn to date - The remaining amount available for drawdown is up to US$2.9 million, subject to approval by Sandstorm - The note has a principal amount of US$6.5 million, an interest rate of 7% per annum, and matures on September 22, 2028 [5][6]. Working Capital Deficiency - As of December 31, 2024, the company reported a working capital deficiency of US$93.2 million, raising concerns about its ability to continue operations without additional financing [9].

Project Review - Saudi Arabia is conducting a strategic review of its plans for The Line, a futuristic city project [1] - The review is being conducted by consulting firms [1] - The review is related to assessing priorities for project-related expenditures [1]

Core Points - Enthusiast Gaming Holdings Inc. has announced a debt financing and forbearance transaction aimed at supporting its recapitalization and long-term business objectives [1] - The company is focusing on its high-performing digital gaming media assets following the divestment of its direct sales business line [1][2] - A strategic review process has been initiated to explore opportunities for strengthening the balance sheet and unlocking shareholder value [2] Debt Financing and Forbearance Agreements - The transaction includes a non-revolving term loan of $2,000,000, which will be used for working capital purposes [5] - The company has entered into forbearance agreements with its lenders, allowing them to forbear from demanding repayment of outstanding debts [6][7] - A cost-cutting plan is to be implemented to achieve annualized cost savings of at least $3,000,000 [8] Terms of the Term Loan and Warrant Issuance - The term loan carries a fixed interest rate of 16.0% per annum, with specific conditions for interest payments [9] - The company plans to issue 6,005,178 warrants to lenders, with an exercise price set at $0.083, a 15% premium over the average price of common shares [11] - The term loan is due by July 12, 2028, and can be prepaid without penalty before March 31, 2026 [9][10] Strategic Review and Special Committee - A Special Committee has been formed to oversee the strategic review process and evaluate potential alternatives [3][4] - Oakvale Capital Partners LLP has been engaged as the financial advisor for the strategic review [4] - The goal is to enter into a definitive agreement for a strategic transaction by the end of 2025 [4]

Core Viewpoint - LNG Energy Group is undergoing a strategic review process to stabilize its operations and enhance liquidity, while facing challenges such as a failure-to-file cease trade order and an event of default under its credit agreement [1][2][3]. Group 1: Financial Reporting and Compliance - The company is expected to file its annual audited financial statements for the fiscal year ended December 31, 2024, within the timeframe granted by the Ontario Securities Commission, which will be part of its application to revoke the failure-to-file cease trade orders [1]. - The company has been in discussions with lenders regarding an event of default under its credit agreement [2]. Group 2: Strategic Initiatives - As part of the strategic review initiated on December 4, 2024, the company is considering various alternatives including financings, corporate reorganization, and strategic partnerships [2]. - The company has decided to terminate long-term gas sales agreements and will evaluate natural gas marketing alternatives that align with current sales volumes and market conditions [2]. Group 3: Operational Focus - LNG Energy Group is focused on stabilizing natural gas production, optimizing costs, and enhancing its liquidity position [3]. - The Colombian branch of the company has applied for insolvency protection under the Proceso de Recuperación Empresarial, which is expected to lead to operational optimization and renegotiation of obligations with suppliers [2]. Group 4: Company Overview - LNG Energy Group is focused on the acquisition and development of natural gas production and exploration assets in Latin America [4].