Company Overview - Liquidity Services operates a global commerce company powering the Circular Economy[7] - The company has over 15,000 trusted clients worldwide and has completed over 1 million transactions annually in 100+ countries[14] - Liquidity Services has completed over $10 billion in transactions[14] Financial Performance - Q3 Fiscal Year 2025 Gross Merchandise Volume (GMV) reached $413 million[63] - Q3 Fiscal Year 2025 Revenue reached $120 million[65] - Q3 Fiscal Year 2025 Non-GAAP Adjusted EBITDA reached $17 million[68] Segment Performance - GovDeals segment GMV for Q3 Fiscal Year 2025 was $252.3 million[41] - RSCG segment GMV for Q3 Fiscal Year 2025 was $102.6 million[47] - CAG segment GMV for Q3 Fiscal Year 2025 was $58.2 million[53] - Machinio segment revenue for Q3 Fiscal Year 2025 was $4.4 million[57] Marketplace Growth - AllSurplus marketplace saw an 18% increase in buyer registrations in Q3 Fiscal Year 2025[38] - GovDeals marketplace saw a 19% increase in buyer registrations, a 22% increase in auction participants, and a 15% increase in completed transactions in Q3 Fiscal Year 2025[38] - Liquidationcom marketplace saw a 2% increase in buyer registrations in Q3 Fiscal Year 2025[38]

Core Viewpoint - Lassila & Tikanoja plc is progressing with a planned partial demerger to separate its Circular Economy business into a new publicly listed company, with proposed appointments for key executive positions in both the new and remaining entities [2][3]. Group 1: Leadership Appointments - Eero Hautaniemi is proposed as the CEO of the independent Circular Economy business, while Antti Niitynpää is proposed as the CEO of the remaining Facility Services business following the demerger [3][4]. - Joni Sorsanen is proposed as the CFO of the independent Circular Economy business, and Mika Stirkkinen is proposed as the CFO of the Facility Services business [5]. Group 2: Background of Proposed Executives - Eero Hautaniemi has been the CEO of Lassila & Tikanoja since 2019 and will continue in this role until the demerger is completed [4]. - Antti Niitynpää has over 10 years of leadership experience in facility services, having served as Senior Vice President since 2021 [4]. - Joni Sorsanen has been the CFO of the Lassila & Tikanoja Group since 2024, while Mika Stirkkinen has over 20 years of experience in financial management, including a role as CFO of Finnair [5]. Group 3: Company Overview - Lassila & Tikanoja is focused on implementing the circular economy, aiming to enhance the use of materials and energy, thereby creating value for customers and shareholders [6]. - The company operates in Finland and Sweden, employing approximately 7,400 people, with net sales of EUR 770.7 million in 2024 [6].