Financial Performance - Broadwind's total revenue increased by 7.6% year-over-year in Q2 2025, reaching $39.2 million[16], driven by strong demand from the wind and industrial verticals[12] - Gross margin decreased to 10.1% in Q2 2025 due to manufacturing inefficiencies in the Heavy Fabrications segment and lower capacity utilization within the Gearing segment[12] - Adjusted EBITDA margin decreased to 5.3% year-over-year, amounting to $2.1 million in Q2 2025, as labor was added to support increased volumes in the wind and power generation verticals[12, 15] - GAAP Net Income turned into a loss of $1.0 million in Q2 2025, compared to a profit of $0.5 million in Q2 2024[17] Segment Performance - Heavy Fabrications segment revenue increased due to wind tower and repowering adapter sales, reaching $25.0 million[20, 23] - Heavy Fabrications segment EBITDA margin decreased to 11.4% in Q2 2025[20] - Gearing segment revenue declined by 30% year-over-year to $7.3 million in Q2 2025, but orders increased by 45% to $6.8 million[26, 27, 28] - Industrial Solutions segment revenue increased by 13.9% year-over-year to $7.4 million, with orders up by 207% to $13.9 million[32, 33, 34] Balance Sheet - Net working capital investment increased by 24% year-over-year to $42.5 million in Q2 2025[40, 43] - Total inventory increased to $51.4 million in Q2 2025[45] - Cash and LOC availability at quarter-end was $14.9 million[41]

Company Overview - Euroholdings Ltd was spun off from Euroseas Ltd on March 17, 2025[10] - The spin-off included a fleet of two debt-free vessels and approximately $14 million in cash from the sale of M/V Diamantis P[10] - Marla Investments Inc acquired 51.04% of Euroholdings' outstanding common shares from the Pittas family on June 23, 2025[10, 16] - The company declared a second quarterly dividend of $0.14 per share for Q2 2025[15] Strategic Shift - Euroholdings plans to focus on the tanker market, initially pursuing medium range ("MR") product tanker investments[11, 12] - Approximately $15 million is available for equity investment in the tanker sector[12] Financial Performance (Q2 2025) - Net Revenues were $2.92 million[14, 43] - Net Income was $0.82 million[14, 43] - Adjusted EBITDA was $0.81 million[14, 43] Containership Fleet - The current fleet consists of 2 vessels with a total capacity of 3,171 TEU and an average age of 26.9 years[38] - Charter coverage is approximately 82% for the remaining 6 months of 2025 and about 40% for 2026[38]

Financial Performance - Nauticus' current revenue forecast indicates sequential growth[10] - Year-over-year customer diversification increased by 200%[11] - Nauticus generated a $1.6 million increase in revenues year-over-year[11] - The company's net loss attributable to common stockholders (GAAP) for the six months ended June 30, 2025, was $(15,021,363)[23] Operational Highlights - An ROV completed its project on a drill ship and moved to the U S Northeast Coast for offshore windfarm inspections[12] - A second ROV completed projects for nine different customers off the U S Gulf Coast[12] - Aquanaut Vehicle 2 completed operational readiness and is ready to work on the Gulf Coast vessel[12] Market Opportunities - The offshore oil & gas AUV/ROV market is projected to grow from $1 72 billion in 2023 to $2 13 billion in 2030[9] - The offshore wind AUV/ROV market is projected to grow from $0 58 billion in 2023 to $1 52 billion in 2030[9] - The military & defense AUV/ROV market was $2 12 billion in 2023 and is projected to reach $2 83 billion in 2030[9] - The port management AUV/ROV market is projected to grow from $1 12 billion in 2023 to $1 32 billion in 2030[9]

Company Overview - Summit Midstream Corporation (SMC) operates across six resource plays in the U S, focusing on natural gas, crude oil, and produced water gathering, processing, and transmission[12] - The company boasts a diversified asset portfolio with key positions in crude oil- and natural gas-oriented basins[48] - SMC's strategy includes maximizing free cash flow, improving base business well connections, commercializing the Double E Pipeline, and executing strategic acquisitions and divestitures[19] Financial Highlights and Strategy - SMC aims for a long-term leverage target of 3 5x through continued EBITDA generation and debt repayment[10] - The company expects 2025 Adjusted EBITDA to be in the range of $245 million to $280 million[33] - SMC refinanced its capital structure in July 2024, issuing $575 million in Second Lien Secured Notes and upsizing its ABL Credit Facility to $500 million, extending maturities until 2029[19] Operational Performance and Capacity - In Q2 2025, SMC reported a total volume of 1 4 Bcfe/d, with 66% being natural gas[13] - The company has a total AMI of 5 7 million acres and operates 2,751 pipeline miles with a capacity of 4 6 Bcfe/d[13] - The Permian segment has a capacity of 1 50 Bcf/d with approximately 74% utilization[33] Double E Pipeline - Double E Pipeline has existing contracts representing MVC quantities with firm transportation service agreements[55] - The Double E pipeline is estimated to generate approximately $40 million in EBITDA with existing contracts[52] - The company has executed 215 MMcf/d of incremental 10-year take-or-pay contracts since 2024 for the Double E Pipeline[19, 60]

Company Overview - Eagle Point Credit Company (ECC) was founded in 2012 and went public on October 7, 2014[14] - ECC's primary investment objective is to generate high current income by investing primarily in equity and junior debt tranches of CLOs[14] - ECC has a total market capitalization of $1,409.3 million[14] - ECC pays a monthly distribution of $0.14 per share of common stock, resulting in a distribution rate of 24.4%[14] - Eagle Point Credit Management LLC manages over $12 billion in AUM across the Eagle Point platform[14] - The Adviser and Senior Investment Team have approximately $10.8 million invested in securities issued by the Company[15] Portfolio Composition and Performance - As of June 30, 2025, ECC's portfolio was invested across 238 CLO investments[65] - The portfolio has 95.7% exposure to floating-rate senior secured loans[28] - The portfolio consists of 77% CLO Equity, 3% CLO Debt, 2% Loan Accumulation Facilities, 4% Regulatory Capital Relief, 5% Consumer ABS, 2% Collateralized Fund Obligations, 2% Other, and 5% Cash[66] - The portfolio has exposure to 1,906 unique underlying loan obligors[28]

Strategic Partnership & Acquisition - IHCL will acquire a 51% stake in ANK Hotels Pvt Ltd and Pride Hospitality Pvt Ltd[9] - This acquisition will double IHCL's presence in the midscale segment to over 240 hotels[9] - IHCL has also entered into a distribution & marketing agreement with BRIJ Hospitality, which has a portfolio of 19 hotels[43] Portfolio Growth & Expansion - ANK & Pride have a combined portfolio of 135 hotels with 6,800 keys across 100+ locations[8, 25] - The implied Compound Annual Growth Rate (CAGR) for hotels is 20%+ and for keys is 31%+[26] - IHCL aims to reach a portfolio of 700+ hotels by 2030[11, 44] Financial Projections & Synergies - The target companies project total revenue to scale to ₹100 Cr by FY30, with a 5-year CAGR of 25%[32] - EBITDAR margin is projected to reach 38% by FY28 and FY30[32] - IHCL anticipates an incremental fee of ₹15 Cr by FY30 from the acquired portfolio[32]

Financial Performance Highlights - IFS's quarterly net profit in 2Q25 reached S/ 579.6 million, a 29.9% increase QoQ [207] - IFS achieved a ROE of 20.7% in 2Q25 [34] - Banking sector ROE was 11.1% in 2Q25 [35] - Wealth Management saw a significant ROE increase to 43.9% in 2Q25, approximately 20x YoY [35] - Insurance sector ROE was 58.3% in 2Q25 [35] Business Trends and Growth - System loan book as of June 2025 showed a QoQ increase of 3.1% and a YoY increase of 1.7% [31] - Total commercial loans increased by 4.1% QoQ and 9.8% YoY [202] - Total retail loans increased by 1.1% QoQ and 1.2% YoY [202] - Total deposits increased by 2.7% QoQ and 7.4% YoY, reaching S/ 52,036.0 million [204] Key Ratios and Indicators - IFS's cost-to-income (C/I) ratio was 35.9% in 2Q25 [45] - Banking sector's C/I ratio was 42.3% in 2Q25 [49] - Banking sector's NIM was 5.1% [136] - The cost of risk for the banking sector is at 2.5% [139]

Financial Performance - Q2 2025 revenue was $12.5 million, compared to $14.1 million in Q2 2024[16,18] - Cespira generated $12.0 million in revenue in Q2 2025[16,18] - Gross profit was $0.8 million (6% of revenue) in Q2 2025, compared to $2.4 million (17% of revenue) in Q2 2024[18] - Adjusted EBITDA was negative $1.0 million in Q2 2025, compared to negative $2.0 million in Q2 2024[18] - Net loss from continuing operations was $5.1 million in Q2 2025, compared to net income of $4.1 million in Q2 2024[18] Light-Duty Segment Divestiture - The divestiture of the Light-Duty segment closed on July 29, 2025, providing $62.5 million in net proceeds[18] - Light-Duty segment revenue in Q2 2025 was $76.4 million, with a gross profit of $15.1 million[18] High-Pressure Controls & Systems - Revenue decreased by 19% from $3.6 million in Q2 2024 to $2.9 million in Q2 2025[33] - Gross profit decreased by 91% from $1.1 million in Q2 2024 to $0.1 million in Q2 2025[33] Heavy-Duty OEM - Revenue decreased by 9% from $10.5 million in Q2 2024 to $9.6 million in Q2 2025[36] - Gross profit decreased by 46% from $1.3 million in Q2 2024 to $0.7 million in Q2 2025[36] Cespira - Revenue increased from $4.1 million in Q2 2024 to $12.0 million in Q2 2025[39] - Gross profit decreased from $0.2 million in Q2 2024 to negative $1.9 million in Q2 2025[39]

Company Overview - BKV is the largest natural gas producer in the Barnett Shale, with a corporate 1-year decline rate of 10.8%[10] - BKV has 1,500 MW of low heat rate power assets in Texas[10] - BKV's 2Q25 production was above high end of guidance at 811 MMcfe/d[34] Bedrock Acquisition - BKV announced the Bedrock acquisition for $370 million, targeting close in 4Q25[22, 29] - The Bedrock acquisition includes ~97,000 net acres and 1,121 gross operated wells[29] - Bedrock's 2Q25 production is ~108 MMcfe/d (~63% natural gas) with a low PDP decline of ~7% YOY[29] - Bedrock has nearly 1 Tcfe of 1P reserves (>70% PDP reserves)[29] Capital Expenditure and Production - Forecasted 2025 capital expenditures are between $290 million and $350 million[17] - BKV is targeting projects to reach a 1 Mtpy CO2 sequestration rate by 2027[17] CCUS Business - BKV's Barnett Zero project has been injecting since November 2023, with forecasted annual sequestration of 183 ktpy[105, 106] - BKV has injected ~242,000 tons through 6/30/25 at Barnett Zero[106]

Company Overview - Bitcoin Depot is a leading BTM operator, simplifying cash-to-crypto conversion[20] - The company has installed 9,000 kiosks across North America and Australia[21] - Total transacted volume since inception is $32 billion, with 39 million transactions completed[21] - Q2 2025 Adjusted EBITDA reached $185 million[21] - TTM Q2 2025 Revenue is $608 million and Adjusted EBITDA is $61 million[21] Market Position and Growth - Bitcoin Depot holds a significant BTM market share in North America[21] - The company operates in 48 US states, DC, 10 Canadian provinces, and 6 Australian provinces[21,58] - The company's kiosks address over 64% of the US population[58] - The global Bitcoin ATM market has grown significantly, reaching 38,738 BTMs in 2025[48] Strategic Partnerships - Bitcoin Depot is Circle K's exclusive BTM provider, with over 900 kiosks deployed across the US and Canada as of March 2025[61,65] - The company partners with major retailers, expanding customer reach with limited capital expenditure[61,78]