Financial Performance - CSN achieved its highest EBITDA of the year, growing by 25.6% in Q3 2025[4] - Adjusted EBITDA margin reached 26.8%, a 3.3 percentage point increase compared to Q2 2025[4] - The company's leverage decreased by 35 basis points from Q4 2024, reaching 3.14x[4] - Adjusted free cash flow was negative, impacted by financial expenses, increased investment activities, and working capital consumption[19] Mining - Mining achieved a new production and sales record with over 12 million tons commercialized in Q3 2025[4] - Mining EBITDA reached R$1.9 billion[4] - Mining EBITDA margin adjusted reached 43.9%, a 7.8 percentage point increase compared to Q2 2025[4] - Sales volume reached 12.4 million tons, marking the company's best result ever[46] Other Segments - Steel EBITDA reached a record of R$550 million[4] - Cement EBITDA reached a record of R$388 million[4] - Logistics EBITDA reached a record of R$550 million, with a 5% increase in sales volume compared to Q2 2025[4]

Financial Performance - 3Q 2025 revenues reached $790.6 million[26], compared to $762.3 million in 2Q 2025 and $735.4 million in 3Q 2024[27, 66] - Gross margin was 19.5%[26, 66], including a negative impact of approximately 150 bps related to Newport[26, 29] - Adjusted EPS was $0.04[26, 29], while EPS was $(0.06)[26, 29] - EBITDA margin was 9.6%[29] Segment Results - MOSFETs revenues were $167.1 million with a gross margin of 10.1%[32] - Diodes revenues were $149.6 million with a gross margin of 20.3%[32] - Resistors revenues were $195.7 million with a gross margin of 20.1%[33] - Capacitors revenues were $130.6 million with a gross margin of 20.1%[33] Revenue Mix and Sales Channel - Distribution accounted for 57% of revenue, OEM 37%, and EMS 6%[21] - Distribution revenue increased 4% QoQ and 10% YoY, driven by growth in Asia related to AI servers and smart grid infrastructure[20] - OEM revenue increased 6% QoQ and 6% YoY, driven by increased volume from automotive and industrial customers[20] Regional Performance - Asia's revenue increased 7% QoQ and 18% YoY[23], representing 43% of the total revenue[24] - Europe's revenue increased 1% QoQ and 1% YoY[23], accounting for 33% of the total revenue[24] - Americas' revenue increased 2% QoQ and 1% YoY[23], making up 24% of the total revenue[24] Guidance - The company projects 4Q 2025 revenue of $790 million, with a variance of plus or minus $20 million[47] - Gross margin for 4Q 2025 is expected to be 19.5%, with a variance of plus or minus 50 bps, including a negative Newport impact of 150-175 bps[47]

Financial Performance - Western Midstream achieved a record total natural-gas throughput of 55 billion cubic feet per day[13] - The company reported record Adjusted EBITDA of $634 million in Q3 2025, a 3% quarter-over-quarter increase[13] - Operating cash flow increased to $5702 million in Q3 2025 from $564 million in Q2 2025[34] - Free cash flow increased to $3974 million in Q3 2025 from $3884 million in Q2 2025[34] - The company's net income for Q3 2025 was $332 million[36] Strategic Growth & Capital Allocation - The company is targeting organic capital projects that meet or exceed mid-teens, unlevered rates of return[40] - The company anticipates free cash flow to be in the range of $1275 billion to $1475 billion for 2025[44] - The company is targeting mid-to-low single-digit annual distribution increases[41] - The company's estimated throughput growth rate for produced water is approximately 40% for 2025[47] Assets and Operations - The North Loving II project, a 300 million cubic feet per day cryogenic processing train, is expected to be in service in Q2 2027[18] - The Pathfinder Pipeline, with a capacity of approximately 800 thousand barrels per day, is expected to be in service in Q1 2027[18] - The company's market capitalization is approximately $153 billion[8]

Financial Performance - JLL's revenue for Q3 2025 reached $6510 million, an 11% increase compared to $5869 million in Q3 2024[33] - Adjusted EBITDA for Q3 2025 was $347 million, a 17% increase from $298 million in Q3 2024[33] - Adjusted net income for Q3 2025 was $217 million, a 28% increase compared to $170 million in Q3 2024[33] - Adjusted diluted EPS for Q3 2025 was $450, a 28% increase from $350 in Q3 2024[33] - Year-to-date 2025 revenue reached $18507 million, an 11% increase compared to $16622 million for the same period in 2024[35] - Year-to-date 2025 adjusted EBITDA was $864 million, an 18% increase from $732 million in the same period in 2024[35] Market Trends - Global direct investment grew 12% in local currency compared to the prior year[10] - Investment activity in the Americas increased by 25% in local currency[10] - Office leasing demand remained resilient, with global office leasing volumes up 2% versus the prior-year quarter[25] - Capital Markets Services revenue growth of 22% local currency was led by debt advisory, investment sales and equity advisory businesses[51]

Financial Performance - Triple Flag achieved strong financial results in Q3 2025, including 27,037 GEOs[14, 16] - Record adjusted EBITDA of $79 million was achieved[14] - Record operating cash flow of $81 million was achieved[14] - Adjusted EPS increased by 71%[17] - Adjusted EBITDA increased by 27%[17] - Operating Cash Flow per Share increased 26%[17] - Asset margin was 93%[16] Acquisitions and Production - Acquired a 0.8-1.5% NSR royalty package on the Minera Florida mine for $23 million[14] - Over $350 million capital deployed YTD 2025, including a 1.0% NSR royalty on Arthur[14] - Several assets reached first production in H2 2025, including Tres Quebradas (lithium), Johnson Camp Mine (copper cathode), and Sleeping Giant (gold)[14] Portfolio and Strategy - 73% of Q3 2025 revenue was from gold and 27% from silver[20] - 88% of Q3 2025 revenue was from Australia and the Americas[20] - The company expects 2025 GEOs to be between the midpoint and high end of the guidance range of 105,000-115,000 GEOs[14]

St. Joseph's Medical Plaza – Tucson, AZ THIRD QUARTER 2025 EARNINGS SUPPLEMENTAL www.globalmedicalreit.com NYSE: GMRE TABLE OF CONTENTS Legent Hospital for Special Surgery – Plano, TX | Company Overview | 3 | | --- | --- | | Select Quarterly Financial Data | 6 | | Business Summary | 7 | | Acquisitions / Dispositions | 8 | | Portfolio Summary | 9 | | Key Tenants | 11 | | Debt and Hedging Summary | 12 | | Total Capitalization and Equity | 14 | | Summary | | | Condensed Consolidated | 15 | | Statements of Oper ...

Equitable Holdings Third Quarter 2025 Earnings Results November 4, 2025 Growth in assets driving increased earnings power Equitable Note Regarding Forward-Looking Statements and Non-GAAP Financial Measures This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as "expects," "believes," "anticipates," "intends," "seeks," "aims," "plans," "assumes," "estimates," "projects," "should," "would," "could," "may," "will," "shall" ...

Forward Looking Statements This presentation contains certain statements that may be deemed to be "forward - looking statements" within the meaning of applicable federal securities laws . Most forward -looking statements contain words that identify them as forward -looking, such as "may", "plan", "seek", "will", "expect", "intend", "estimate", "anticipate", "believe", "project", "opportunity", "target", "goal", "growing" and "continue" or other words that relate to future events, as opposed to past or curre ...

Financial Performance - Funds From Operations (FFO) reached $302 million, a 10% increase year-over-year, driven by improved hydroelectric results, growth activities, and inflation-linked cash flows[8] - Normalized FFO, adjusted for generation, was $352 million[8] - Distributions per LP unit increased over 5% to $0.373 per unit ($1.492 annualized)[8] Liquidity and Capital Resources - Available liquidity stands at approximately $4.7 billion[8, 14] - Approximately $7.7 billion of financings were completed in the quarter, bringing year-to-date financings to $27 billion[14] - Asset recycling program generated expected proceeds of ~$2.8 billion[14] Growth and Development - Approximately 1,800 megawatts of new capacity were delivered globally, with ~8,000 megawatts expected in 2025[11] - Approximately $2.1 billion was committed or deployed across multiple investments[13] - Contracts were secured to deliver an incremental ~4,000 gigawatt hours per year of generation to high-credit quality utility and corporate customers[13] Portfolio Composition - The company has approximately 48,700 MW of total operating capacity[17] - Approximately 90% of generation is contracted for an average term of 13 years[19] - Approximately 70% of revenues are indexed to inflation[19]

Company Overview - Limbach specializes in revitalizing and maintaining mission-critical systems in existing facilities [6] - The company operates in six distinct vertical markets across 17 Metropolitan Statistical Areas [19] - Limbach combines engineering expertise with skilled craftsmanship to deliver integrated solutions [16] Financial Performance and Strategy - Limbach is shifting its revenue mix towards Owner Direct Relationships (ODR), targeting ~80% ODR revenue [31] - Gross Margin has expanded nearly 1,480 bps from FY 2019 to FY 2024, reaching 27.8% [32] - Adjusted EBITDA Margin has increased more than 4x from 3.0% to 12.3% over the period from FY 2019 – FY 2024 [32] - The company's 2025 guidance projects total revenue between $650 million and $680 million, with ODR revenue accounting for 70% to 80% of the mix [68] - 2025 Adjusted EBITDA is projected to be $80 million to $86 million, with an Adjusted EBITDA Margin of 12% to 13% [68] Acquisitions and Growth - Limbach aims to add $8 million to $10 million of Adjusted EBITDA on a full-year basis through strategic acquisitions [49] - Pioneer Power Inc (PPI) is expected to contribute annualized revenue of approximately $120 million and Adjusted EBITDA of $10 million beginning in 2026 [58] - Consolidated Mechanical is expected to contribute annualized revenue of approximately $23 million beginning in 2025, and EBITDA of $4 million per annum [63]