Financial Performance - Net revenues reached RMB 1,129 million, a 49% year-over-year increase[11] - Gross profit was RMB 353 million, with a year-over-year growth of 71%[8,9] - Non-GAAP operating profit amounted to RMB 188 million, showing a 124% year-over-year increase[8,10] - Gross margin steadily improved, reaching 31.2% in 2025 Q3[38,120] Capital Resources - Total capital resources stood at RMB 15.4 billion[11] - Cash and cash equivalents amounted to RMB 3.5 billion[11] - Operating cash flow generated was USD 501 million[14] Shareholder Value - Total capital returned to shareholders since IPO reached RMB 0.4 billion, with 66% in the form of share repurchases[17] Business Growth - International business experienced significant growth, outperforming the industry average, with a 72% year-over-year increase in revenues from international business[7,34,35] - The company achieved a moderate recovery in its Mainland China business[7]

Financial Performance - Azul achieved record-high revenue of R$5.7 billion in 3Q25, an 11.8% increase compared to 3Q24[11] - The company's EBITDA reached R$2.0 billion in 3Q25, with a 34.6% margin, representing a 20.2% increase compared to 3Q24[11] - EBIT was R$1.3 billion with a 22.1% margin, a 23.7% increase compared to 3Q24[11] - RASK (Revenue per Available Seat Kilometer) increased by 4.4% to R$44.76 cents in 3Q25 compared to 3Q24[11] Operational Efficiency - ASK (Available Seat Kilometers) grew by 7.1%, reaching 12.8 billion in 3Q25[16] - Productivity increased by 8.6%, reaching 861 million ASK per FTE in 3Q25[20] - Load factor improved by 2.0 percentage points to 84.6% in 3Q25[20] - Adjusted CASK (Cost per Available Seat Kilometer) decreased by 2.0% from 2Q25 to 3Q25, reaching R$34.85 cents[24, 25] Business Growth - "Beyond the Metal" business units experienced continued growth, contributing significantly to net revenue[12, 13]

NOVEMBER 2025 ACS Investor Day Strategy Recap Our Data Center Business Model Strategy Recap 2 Strategy Recap & CMD Targets 2024 CMD Recap RECAP CMD 2024 | WE HAVE MADE GREAT PROGRESS IN THE 5 STRATEGIC PRIORITIES IDENTIFIED IN THE 2024 CMD, DELIVERING TANGIBLE RESULTS Top-line growth Margin expansion Operational Expand our margins by delivering high-value services, with reinforced engineering capabilities, supply chain and systems The Group has increased its backlog, mainly driven by high growth segments Ba ...

Financial Performance (Q3 2025 vs Q3 2024) - Revenue decreased to RMB 9.1 million ($1.3 million) from RMB 60.3 million due to market cyclicality and softer demand[16] - Net income increased significantly to RMB 74.4 million ($10.5 million) from RMB 3.2 million, primarily due to gains on fair value of cryptocurrency holdings related to a ~67.5% increase in ETH price[16] Financial Performance (9M 2025 vs 9M 2024) - Revenue decreased to RMB 184.7 million ($25.9 million) from RMB 207.6 million, affected by market cyclicality in Q3, offset by strong ALEO miner sales in Q1[16] - Net income increased to RMB 78.7 million ($11.1 million) from RMB 38.7 million, driven by gains on fair value of cryptocurrency holdings related to a ~21.4% increase in ETH price and a 3,117 unit increase of ETH holdings[17, 18] Investments and Assets - R&D investments totaled RMB 64.2 million ($9.0 million), focused on developing new mining machines and upgrading existing ones[19] - Cash position as of September 30, 2025, was RMB 473.6 million ($66.5 million), including cash, equivalents, deposits, and government securities[19] - Total current assets were RMB 663.5 million ($93.2 million), and total assets were RMB 1,143.0 million ($160.6 million) as of September 30, 2025[22] ETH Accumulation and Staking - The company held 8,819 units of ETH, valued at RMB 262.8 million as of September 30, 2025[23] - 1,000 units of ETH, approximately 11.3% of total ETH holdings, were staked on the FalconX platform to generate yields[23] - Intchains plans to acquire a Proof-of-Stake (PoS) platform for $1.3 million to enhance ETH yield through diversified staking[24, 25]

Financial Performance & Growth - CLINUVEL achieved its 9th consecutive annual profit in FY2025[12] - Total revenues, interest, and other income reached A$105.3 million (US$70 million), a 10% increase[13] - Cash reserves increased by 22% to A$224.1 million (US$148 million)[13] - The company reinvests approximately 40% of its profits into RD&I[15] - Net profit margin is 34%[15] Product Pipeline & Market - SCENESSE® is commercially available for adult EPP in multiple regions[8] - CLINUVEL is expanding SCENESSE® to treat adolescent EPP and vitiligo[8] - The total addressable market (TAM) for vitiligo is estimated at US$4.5 billion[10] - The company is pursuing M&A opportunities targeting pharmaceutical and PhotoCosmetic products[11] U.S. Expansion - American revenues now account for over 50% of total revenue[3] - The company is planning a Nasdaq uplisting of its ADRs (Level 2) with an SEC filing expected in Q4[3]

Company Overview - Stardust Power aims to secure U S energy leadership through battery-grade lithium production[10] - The company is developing one of the largest lithium refineries in the US, with a capacity of 50,000 metric tons per annum[20] - The refinery is strategically located in Muskogee, Oklahoma, with access to major transportation infrastructure[15, 55] Market Opportunity - Lithium demand is expected to increase more than 20-fold due to the growth of electric vehicles[22, 82] - The US lithium market is projected to reach 321,000 tons LCE by 2030[78] - Stardust Power plans to produce up to 50,000 metric tons of battery-grade lithium products per year[55, 78] Financials and Incentives - The company has common shares outstanding of 982 million, warrants of 1043 million, and insider ownership of 2926%[72] - Stardust Power could receive up to $257 million in performance-based incentives from the State of Oklahoma for Phase 1 and 2[20, 64] Risk Factors - The presentation includes a detailed list of risk factors related to Stardust Power's business, industry, and economic condition[117, 119]

Financial Performance Highlights - Fee Related Earnings (FRE) reached R$7706 million in 3Q'25, a 43% increase year-over-year, resulting in R$122 per share[8] - Adjusted Distributable Earnings (Adj DE) increased by 28% year-over-year to R$7309 million in 3Q'25, with Adj DE per share at R$116[8] - The FRE margin was 323% in 3Q'25[8] - Capital formation & appreciation reached R$19 billion in 3Q'25[8] Assets Under Management (AuM) - Total AuM reached R$3163 billion, a 349% increase year-over-year, driven by the combination with Compass and the acquisition of Lacan[17] - Capital formation in 3Q'25 totaled R$84 billion, driven by net inflows and capital subscriptions across Global IP&S and Credit strategies[17] - Portfolio appreciation of R$105 billion in 3Q'25 was partially offset by R$60 billion in negative FX variation and R$06 billion in capital returned to investors[17] Segment Performance - Global IP&S AuM was R$2412 billion in 3Q'25, with R$76 billion in net inflows and R$88 billion of appreciation[51] - Credit AuM totaled R$33 billion, up 263% year-over-year[55] - Private Equity AuM was R$16 billion, down 2% year-over-year[59] - Real Assets AuM was R$12 billion, up 17% year-over-year[65] Investment Related Earnings (IRE) - Fair Value of Investments accounted for R$7264 million[42] - Total capital called of R$7812 million, representing 548% of the total capital committed to proprietary funds as of September 30, 2025[42]

NYSE: TBN, ASX: TBN 1Q FY26 Result Presentation Mr. Dick Stoneburner – Chairman & Interim CEO North America: November 13, 2025 | Australia: November 14, 2025 Disclaimer Forward looking statements may include statements about, among other things: our business strategy and the successful implementation of our business strategy; our future reserves; our financial strategy, liquidity and capital required for our development programs; estimated natural gas prices; our dividend policy; the timing and amount of fu ...

Financial Performance - Revenue for the three months ended September 30, 2025 was $0.53 million, compared to $0.32 million for the same period in 2024[42] - Adjusted EBITDA for the three months ended September 30, 2025 was $(17.5) million, compared to $(3.0) million for the same period in 2024[42] - Net loss for the three months ended September 30, 2025 was $(34.735) million, compared to $(7.641) million for the same period in 2024[48] - Net loss for the nine months ended September 30, 2025 was $(429.684) million, compared to $(26.481) million for the same period in 2024[48] - Adjusted EBITDA for the nine months ended September 30, 2025 was $(55.466) million, compared to $(12.968) million for the same period in 2024[48] Business Highlights - Accelsius secured a $25 million strategic investment from Johnson Controls on October 2, 2025[27,44] - The opportunity pipeline grew by 79% quarter-over-quarter, exceeding $1 billion[27,44] - Over 80% of the pipeline represents production opportunities for Shift to Production 2026[27] - Q3 commercial bookings for Accelsius surpassed all previous bookings combined[44]

Financial Performance (Q3 2025) - Hyperion DeFi's HYPE digital assets totaled $37,954,590[8] - Gross HYPE Holdings reached $77,751,604[8] - Net Asset Value amounted to $74,545,583[8] - The company reported revenue of $302,506 and adjusted revenue of $361,277[8] - Net income was $6,625,582, with $5,830,582 attributable to participating securities[8] - Adjusted EBITDA stood at $7,951,003[8] Hyperliquid (HYPE) Ecosystem - Hyperliquid is ranked as a Top 1 revenue cryptocurrency[10] - Hyperliquid's market cap is approximately $1434 billion, placing it among the top 12 cryptocurrencies[12, 17] - The platform generates an annualized revenue of over $13 billion, with 99% allocated to daily HYPE buybacks[14] - Daily trading volume on Hyperliquid is $12 billion, with daily fees of ~$3 million to Hyperliquid and ~$2 million to applications[17]