Core Insights - Finning International Inc. is a leading dealer of Caterpillar heavy equipment, providing equipment sales, rentals, and aftermarket services across multiple regions, including Canada, South America, and the UK & Ireland [2][3][9] Company Overview - Finning operates as a principal distributor of heavy-duty machinery, leveraging a long-standing relationship with Caterpillar and a diversified service portfolio that includes equipment sales, rentals, parts distribution, and fleet management [2][3][4] - The company serves various sectors such as mining, construction, and power systems, emphasizing its role in capital-intensive operations [2][3] Operational Model - The organizational structure encompasses sales and rental operations, a comprehensive aftermarket parts distribution network, and technical service teams, which collectively stabilize cash flow across economic cycles [4][10] - Finning's operational strengths stem from exclusive distribution agreements with Caterpillar, extensive parts inventories, and authorized repair capabilities, allowing for integrated solutions tailored to customer needs [5][10] Service Offerings - Key services include equipment sales, equipment rental, aftermarket services, and fleet management, which are essential for heavy equipment users in resource and infrastructure sectors [9][45] - The company provides tailored solutions, such as rental programs for peak demand and multi-year service contracts, enhancing operational uptime for clients [6][21] Financial Information - Finning's market capitalization is approximately CA$5.275 billion, reflecting its dealer network and recurring service revenue [11][13] - Revenue and net income figures are subject to fluctuations based on commodity demand and capital spending patterns in relevant sectors [12][18] Market Position - Finning is listed on the Toronto Stock Exchange under the ticker FTT and is recognized as a significant player in the capital goods sector, with a focus on heavy equipment distribution [34][41] - The company's competitive advantage lies in its exclusive partnership with Caterpillar and its extensive service network, which enhances customer value and operational efficiency [22][24] Historical Context - Founded in 1933, Finning has evolved from a regional supplier to a multinational dealer network, expanding its geographic reach and service offerings in response to capital investment trends [25][27] - Strategic expansions into South America and Europe have balanced the company's revenue mix, helping to mitigate regional commodity cycles [27][28]

Core Insights - BitFuFu Inc. reported a significant year-over-year revenue growth of 100.1% in Q3 2025, reaching $180.7 million, driven by strong demand for cloud-mining solutions and mining equipment [2][11] - The company achieved a net income of $11.6 million in Q3 2025, a turnaround from a net loss of $5.0 million in the same period of 2024 [18][11] - The CEO highlighted the effectiveness of BitFuFu's dual-engine model, which combines cloud-mining revenue with self-mining operations, allowing for better management of market volatility [4] Financial Performance - Total revenue for Q3 2025 was $180.7 million, up from $90.3 million in Q3 2024, marking a 100.1% increase [11] - Revenue breakdown for Q3 2025: - Cloud mining solutions: $122.9 million (68.0%) - Self-mining operations: $20.1 million (11.1%) - Mining equipment sales: $35.8 million (19.8%) [3] - Adjusted EBITDA rose to $22.1 million from $5.8 million in Q3 2024 [19] Operational Highlights - Total mining capacity increased by 37.4% to 36.0 EH/s as of September 30, 2025, compared to 26.2 EH/s a year earlier [8] - The number of registered cloud-mining users grew by 40.8% to 641,526 [8] - Bitcoin holdings increased by 19.8% to 1,962 BTC [8] Cost and Expenses - Cost of revenue in Q3 2025 was $173.5 million, a 94.1% increase from $89.4 million in Q3 2024, aligning with revenue growth [15] - Operating expenses decreased significantly to $3.1 million from $6.5 million in the same period of 2024, primarily due to lower share-based compensation [17] Liquidity and Capital Resources - As of September 30, 2025, the company had cash and cash equivalents and digital assets totaling $254.8 million, up 51.5% from $168.1 million at the end of 2024 [20]

As filed with the U.S. Securities and Exchange Commission on February 23, 2023. Registration No. 333-269641 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 AMENDMENT NO.1 TO FORM F-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 Multi Ways Holdings Limited (Exact name of Registrant as specified in its charter) Not Applicable (Translation of Registrants name into English) (State or Other Jurisdiction of Incorporation or Organization) Cayman Islands 3990 Not Applicable (Prima ...