Core Viewpoint - Tarkett's Q3 2025 revenue shows a slight decline of -0.6% year-over-year, with organic sales down -1.6%, reflecting a weak market environment across most regions [1][3][4]. Group Revenue Summary - The Group's total revenue for Q3 2025 was €996 million, compared to €1,002 million in Q3 2024, marking a decrease of -0.6% [2][3]. - Organic sales declined by -1.6%, with stable selling prices showing a limited variation of -0.3% [3][4]. Regional Performance - **EMEA**: Revenue was €210.5 million, down -1.7% year-over-year, with organic sales declining -1.8% due to a sluggish residential market [2][4]. - **North America**: Revenue decreased to €207.8 million, down -4.9%, but organic sales grew by +2.2%, driven by delayed shipments catching up [2][6]. - **CIS, APAC & Latin America**: Revenue fell to €144.4 million, down -6.8%, with organic sales down -7.6%, primarily due to a slowdown in demand in the CIS and Latin America [2][7]. - **Sports Segment**: Revenue increased to €433.2 million, up +4.6%, despite a slight organic decline of -1.1% [2][8]. Outlook and Adjusted EBITDA - The Group has revised its 2025 Adjusted EBITDA forecast to be close to that of 2024, estimating around €329 million, down from an initial target of €360 million [4][15][16]. - The ongoing weak macroeconomic environment is expected to continue affecting renovation and new construction projects, particularly in residential markets [11][12][13].

Financial Performance - BP's underlying replacement cost profit for 2Q25 was $24 billion[21,32] - Operating cash flow for 2Q25 reached $63 billion, including a $14 billion working capital build[21] - The company announced a 4% increase in dividend per ordinary share to 8320 cents for 2Q25[21] - A share buyback of $750 million for 2Q25 was announced[21] Strategic Progress - Upstream production was approximately 23 million barrels of oil equivalent per day (mmboed) in 1H25[20] - BP delivered $1 billion of structural cost reductions[25] - Refining availability exceeded 96% in both 1H25 and 2Q25[20,88] Targets and Guidance - BP aims for adjusted free cash flow growth of over 20% CAGR from 2024 to 2027[64] - The company targets net debt between $14-18 billion by the end of 2027[37,64] - BP is targeting $4-5 billion in structural cost reductions by the end of 2027[41,64] - The company expects capital expenditure to be approximately $145 billion in 2025[37,59]