Company Overview - First Pacific is a Hong Kong-based company that operates through various subsidiaries, including Indofood and Metro Pacific Investments [4][5] - Indofood is recognized as the largest producer of wheat-based instant noodles globally, with its noodle products manufactured under Indofood Consumer Branded Products, which is also publicly listed [4] - Metro Pacific Investments is a holding company based in Manila, with nearly 50% ownership by First Pacific, and it controls significant infrastructure assets, including the largest electricity distributor and the largest non-government-owned toll road operator in the Philippines [5] Financial Reporting - The company reports its financial results biannually, with the current presentation focusing on the first half results [3] - Several operating companies under First Pacific are expected to release their nine-month financial results in the upcoming weeks, indicating ongoing performance tracking within the group [3]

Crypto Mining in Iran - Over 95% of crypto mining machines in Iran are reportedly illegal [1] - Tehran Province Electricity Distribution Company official reported the high percentage of illegal crypto mining [1]

Core Points - The National Energy Regulatory Council (NERC) has established a new income cap for AB "Energijos skirstymo operatorius" (ESO) for electricity distribution services in 2026, set at EUR 376.9 million, which represents a 17.0% increase from the 2025 cap of EUR 321.6 million [2][3] - The increase in the income cap is attributed to higher investments in the network as per the 10-year Investment Plan, leading to an increased additional tariff component, return on investment, and depreciation and amortisation [2] - The regulated asset base (RAB) for 2026 is reported at EUR 1,655.1 million, a 7.4% increase from EUR 1,540.5 million in 2025 [3] - The weighted average cost of capital (WACC) for 2026 is slightly reduced to 5.77% from 5.82% in 2025 [3] - Depreciation and amortisation for regulatory purposes is projected to rise to EUR 97.8 million in 2026, a 10.4% increase from EUR 88.6 million in 2025 [3] - The additional tariff component is expected to increase significantly by 38.0%, reaching EUR 51.8 million in 2026 compared to EUR 37.5 million in 2025 [3]