Fiscal 2025 Earnings Presentation November 21, 2025 About This Presentation This presentation contains statements, estimates and projections that are forward-looking statements (as defined in Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended). Such statements use forward-looking words such as "believe," "plan," "anticipate," "continue," "estimate," "expect," "may," or other similar words and terms of similar meaning, although not all fo ...

Core Insights - Quality Industrial Corp. ("QIND") reported a significant turnaround in financial performance for the fiscal year ended December 31, 2024, primarily due to the consolidation of its subsidiary Al Shola Gas and operational improvements [4][8]. Financial Performance - Total revenue for QIND was $11,177,567 for the year ended December 31, 2024, driven by the acquisition and consolidation of Al Shola Gas starting in April 2024 [8]. - Al Shola Gas generated revenue of $14,268,840 for the twelve months ended December 31, 2024, representing a 31.1% increase compared to $10,839,209 in 2023 [8]. - Operating expenses increased to $3,280,008 in 2024 from $2,766,256 in 2023, with general and administrative expenses remaining consistent year-over-year [8]. - Professional fees rose to $849,925 in 2024 from $315,011 in 2023, influenced by one-off expenses related to a financial reaudit and legal fees from the merger with Fusion Fuel Green PLC [8]. - QIND achieved a net income of $266,780 in 2024, a recovery from a net loss of $4,232,732 in 2023, with Al Shola Gas contributing a net income of $2,051,645, an increase of 17.6% over 2023 [8]. Strategic Outlook - In 2025, QIND plans to allocate additional resources to Al Shola Gas to enhance operational efficiency, expand sales volume, and improve financial performance [5]. - Planned capital investments include acquiring new vehicles for bulk LPG supply operations, which are expected to support further revenue growth [5].

Core Viewpoint - Dorian LPG has an average brokerage recommendation (ABR) of 1.00, indicating a Strong Buy, based on recommendations from four brokerage firms, all of which are Strong Buy [2] Group 1: Brokerage Recommendations - The ABR of 1.00 for Dorian LPG is derived from four Strong Buy recommendations, representing 100% of the total recommendations [2] - Despite the Strong Buy recommendation, reliance solely on brokerage recommendations may not be wise, as studies show limited success in guiding investors to stocks with the best price increase potential [5] - Analysts from brokerage firms tend to exhibit a strong positive bias in their ratings, with five "Strong Buy" recommendations for every "Strong Sell" [6][10] Group 2: Zacks Rank vs. ABR - The Zacks Rank, which classifies stocks from 1 (Strong Buy) to 5 (Strong Sell), is a more reliable indicator of near-term price performance compared to ABR, as it is driven by earnings estimate revisions [8][11] - The Zacks Rank is timely in predicting future stock prices, as it reflects constant revisions of earnings estimates by brokerage analysts [12] - Dorian LPG currently holds a Zacks Rank 3 (Hold), indicating a cautious outlook despite the Buy-equivalent ABR [14] Group 3: Earnings Estimates - The Zacks Consensus Estimate for Dorian LPG's earnings for the current year remains unchanged at $2.60, suggesting steady analyst views on the company's earnings prospects [13] - The unchanged consensus estimate may lead to the stock performing in line with the broader market in the near term [13]