Financial Performance - Total Revenue was $3,037.2 million, a decrease of 1.5% compared to HY24[11] - EBITDA increased by 2.8% to $252.6 million, with an EBITDA margin of 8.3%, up 0.3 percentage points from HY24[11, 12] - NPATA increased by 11.9% to $119.4 million[8, 13] - Cash conversion ratio increased to 93.2%, up from 87.3% in HY22 and 2.5 percentage points from HY24[8, 11] Growth and Pipeline - Work in Hand increased by 19.4% to $20.6 billion[8, 14, 17] - Strategic wins in HY25 amounted to $4.3 billion, up from $1.5 billion in HY24[17] Shareholder Returns - Interim dividend declared was 10.71 cents per share, an increase of 43.4% compared to HY22[8] - $82.5 million of capital was returned to shareholders through an on-market buyback in HY25[8, 54] - The buyback target was increased to $150 million[43, 54] Outlook - Upgraded FY25 guidance forecasts NPATA growth of 10-12%[8, 78] - The company has secured approximately $3.2 billion of new work with nbn in the past 6 months[71]

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 company has secured approximately 66 acres in Muskogee, Oklahoma, for its lithium refinery[56] Market and Demand - Lithium demand is expected to increase more than 20-fold due to the growth of electric vehicles[22] - The US lithium market is projected to reach 321,000 tons LCE by 2030[78] - The global fleet of passenger electric vehicles is expected to increase from 27 million in 2022 to approximately 107 million units in 2026[82] Financials and Incentives - The company may be eligible for up to $257 million in performance-based incentives from the State of Oklahoma[20, 65] - As of June 18, 2025, Stardust Power has 823 million common shares outstanding[72] - As of June 18, 2025, the market capitalization is $1588 million[72] Strategy and Supply Chain - Stardust Power has signed offtake agreements with GeoLithium and QX Resources for North American brine sources[52] - The company controls 35,000 acres at the Jackpot Lake Lithium Brine Project in Nevada[52] - The company plans a phased approach to lithium production, scaling up to 50,000 metric tons per annum[20, 59]

Financial Performance - Revenue reached R$1,855.8 million, a 15.0% year-over-year increase[7] - Adjusted EBITDA was R$892.8 million, up 20.4% year-over-year, with an adjusted EBITDA margin of 48.1%, a 220 bps increase[7] - Net income increased by 17.0% year-over-year to R$433.6 million, with earnings per share at R$4.69, a 16.9% increase[7] - Cash flow from operating activities increased by 14.6% year-over-year to R$783.0 million[7] Operational Highlights - Medical school students increased by 14% to 25,733[9, 7] - Continuing education revenue increased by 7.9% year-over-year to R$137.5 million[7, 19] - Medical Practice Solutions revenue increased by 9.3% year-over-year to R$84.0 million[7, 22] - The number of users in Afya's ecosystem positively impacted reached 302,000[7, 25] Capital Allocation - Afya's board approved a new share repurchase program of up to 4 million Class A shares[12] Regulatory Impact - Brazil adopted OECD Pillar Two rules, potentially increasing the effective tax rate to a 15% global minimum, with an additional income tax expense of R$56.6 million for the six-month period ended in June 2025[42, 45]

Financial Performance Highlights - The company reported a strong fiscal year 2025, with revenue reaching $5.81 billion, a 23% increase compared to $4.7 billion in fiscal year 2024[7] - Non-GAAP Earnings Per Share (EPS) significantly increased by 191%, from $1.21 in FY24 to $3.53 in FY25[7] - Gross margin improved by 358 basis points, reaching 37.9% in FY25 compared to 34.3% in FY24[7] Revenue Segmentation and Trends - Datacenter and Communications sector accounted for 51% of FY25 revenue[7] - Industrial sector accounted for 7% of FY25 revenue[7] - Instrumentation sector accounted for 5% of FY25 revenue[7] - Electronics sector accounted for 29% of FY25 revenue[7] - In Q4 2025, Networking segment revenue was $945 million, representing 62% of the total revenue distribution[10, 11] - In Q4 2025, Lasers segment revenue was $348 million, representing 15% of the total revenue distribution[10, 11] - In Q4 2025, Materials segment revenue was $236 million, representing 23% of the total revenue distribution[10, 11] Fiscal Year 2026 Q1 Outlook - The company anticipates revenue between $1.46 billion and $1.60 billion for the first quarter of fiscal year 2026[22] - Non-GAAP gross margin is projected to be between 37.5% and 39.5%[22] - Non-GAAP operating expenses are expected to range from $290 million to $310 million[22] - The non-GAAP tax rate is estimated to be between 18% and 22%[22] - Non-GAAP earnings per share are projected to be between $0.93 and $1.13[22]

Financial Performance - Total Payment Volume (TPV) reached a record high of $9.2 billion, a 53% year-over-year increase and a 14% quarter-over-quarter increase[13] - Revenue increased by 50% year-over-year to $256 million, and 18% quarter-over-quarter[14] - Gross profit grew by 42% year-over-year to $99 million, and 17% quarter-over-quarter[15] - Adjusted EBITDA increased by 64% year-over-year to $70 million, and 21% quarter-over-quarter, with an Adjusted EBITDA to Gross Profit ratio of 71%[16] - Free cash flow (FCF) was $48 million, a 156% year-over-year increase and a 22% quarter-over-quarter increase, with an FCF to net income ratio at 113%[18] Business Growth and Expansion - The company secured 3 payment licenses/authorizations in UAE, Turkey, and Philippines[12] - Cross-border TPV increased by 75% year-over-year, driven by commerce, SaaS, remittances, and ride-hailing verticals[52] - Local-to-local TPV increased by 35% year-over-year, driven by commerce, on-demand delivery, and ride-hailing verticals[52] Product Innovation - Launched SmartPix, a proprietary solution for the Brazilian market, enabling automated, recurring, and on-demand payments[12, 35] - Continued BNPL integrations and a growing number of on- and off-ramps for select stablecoin partners[12] Guidance Update - The company provided an upward adjustment on its full-year 2025 guidance for TPV, Revenue, Gross Profit and Adjusted EBITDA[12] - New TPV guidance is 40%-50% YoY growth, revenue guidance is 30%-40% YoY growth, gross profit guidance is 27.5%-37.5% YoY growth, and Adjusted EBITDA guidance is 40%-50% YoY growth[79]

Financial Performance Highlights - Q2 2025 revenue reached $1,529 million, a 13.5% year-over-year increase compared to $1,347 million in Q2 2024[15] - Adjusted EBITDA for Q2 2025 was $205 million, representing a 20.1% year-over-year increase from $170 million in Q2 2024[15] - Adjusted EBITDA margin improved to 13.4% in Q2 2025, an increase of 80 bps year-over-year[15] - For the first half of 2025, revenue totaled $2,965 million, a 14.8% increase compared to $2,583 million in the first half of 2024[18] - First half 2025 Adjusted EBITDA reached $403 million, a 19.9% increase year-over-year from $336 million[18] Segment Performance - Engine Services revenue for Q2 2025 was $1,351 million, up 11.5% year-over-year from $1,211 million in Q2 2024[34] - Engine Services Adjusted EBITDA for Q2 2025 was $179 million, a 16.2% increase year-over-year from $154 million[34] - Component Repair Services revenue for Q2 2025 was $178 million, a 31.3% increase year-over-year from $136 million in Q2 2024[39] - Component Repair Services Adjusted EBITDA for Q2 2025 was $52 million, a 49.6% increase year-over-year from $35 million[39] Updated Guidance - The company raised its full-year 2025 revenue guidance to $5,875 - $6,025 million, representing a 12% to 15% year-over-year increase[21] - Full-year 2025 Adjusted EBITDA guidance was raised to $790 - $810 million, with an approximate 13.4% margin[21]

Financial Performance - Q2 2025 revenues reached $2.6 million[6] - Net income for Q2 2025 was $4.2 million[6] - Adjusted EBITDA for Q2 2025 amounted to $3.7 million[6] - Earnings per share (EPS) for Q2 2025 were $0.82, compared to $0.77 in Q2 2024[6] - Net income attributable to Motorsport Games Inc increased by $2.2 million, reaching $4.3 million in Q2 2025, a 102.2% improvement compared to $2.1 million in Q2 2024[6] Liquidity and Cash Flow - The company generated $0.3 million in cash from operations during the six months ending June 30, 2025[6] - As of June 30, 2025, the company's cash and cash equivalents were approximately $2.4 million, increasing to $2.8 million by July 31, 2025[10] - The company generated an average positive cash flow from operations of approximately $46,000 per month during the six months ended June 30, 2025[10] Product Release - Le Mans Ultimate Version 1.0 was released on July 22, 2025, featuring new cars, advanced team management, and customer liveries[6]

Product & Regulatory Milestones - HeartBeam System 在 2024 年 12 月获得了 FDA 的基础许可[21] - 12-lead ECG synthesis software application 已于 2025 年 1 月提交给 FDA，预计在 2025 年底获得批准[21] - 公司正在与 FDA 进行富有成效的讨论，以获得 12-lead ECG 合成软件的许可，并进一步讨论未来的许可和适应症，包括缺血适应症和 AccurKardia 自动算法[67] Financial Performance - 2025 财年第二季度运营活动中使用的净现金为 344 万美元[91] - 运营活动中使用的净现金环比减少 23%[91] - 经常性基线支出约为 310 万美元，低于历史基线 350 万美元[91] - 用于商业准备活动和制造能力的投资约为 30 万美元[91] - 截至 2025 年 6 月 30 日，现金和现金等价物总额为 5053000 美元[88] Market & Commercialization Strategy - 总体直接患者市场估计为每年 13 亿至 26 亿美元[76] - 公司正在执行商业准备计划，包括产品、基础设施和目标实践[66, 94] - 公司正在与目标礼宾实践会面，以建立溢价定价和订阅模式[79, 81] - 由于临近 FDA 批准，行业合作伙伴的兴趣显着增加[87, 94] Recognition - HeartBeam 因其在远程心脏诊断方面的创新而获得 2025 年医疗设备网络卓越计划奖[74] - HeartBeam 被评为 2025 年 Octane 高科技奖的决赛入围者[74]

Financial Performance - Ibotta's Q2 2025 revenue was $86 million, which is 8% lower than the guidance midpoint of $89.5 million[15] - Adjusted EBITDA for Q2 2025 was $17.9 million, 4% lower than the guidance midpoint of $19.5 million[15] - Total revenue decreased by 2% year-over-year from $87.9 million in Q2 2024 to $86 million in Q2 2025[18] - Adjusted EBITDA declined by 8%, with the margin decreasing from 29% in Q2 2024 to 21% in Q2 2025[18] - Ibotta projects revenue between $79 million and $84 million for Q3 2025, a 17% year-over-year decline at the midpoint[48] - Adjusted EBITDA for Q3 2025 is projected to be between $9.5 million and $13.5 million, with a 14% margin at the midpoint[48] Revenue Breakdown and Key Drivers - Redemption revenue constitutes 85% of Ibotta's total revenue in Q2 2025[22] - Ad & other revenue makes up the remaining portion of Ibotta's revenue[23] - Redemption revenue decreased by 1% year-over-year[33] - Direct-to-consumer (D2C) redemption revenue decreased by 24% year-over-year[41] - Third-party publisher (3PP) redemption revenue increased by 17% year-over-year[37]

Financial Performance & Growth - Expion360 achieved its 6th consecutive quarter of revenue increases, marking two of its most successful sales months[20] - Second Quarter 2025 revenue reached $3 million, compared to $1.3 million in the same period of 2024[47] - For the first six months of 2025, revenue totaled $5 million, up from $2.2 million in the first six months of 2024[47] - Gross profit for the second quarter of 2025 was $0.6 million, compared to $0.3 million in 2024[47] - Gross profit for the first six months of 2025 was $1.1 million, compared to $0.5 million in 2024[47] - The company's cash and cash equivalents stood at $0.7 million as of June 30, 2025, compared to $0.5 million at the end of 2024[47] Strategic Initiatives & Market Expansion - Expion360 commenced shipping e360 Home Energy Storage Solutions (HESS) in January 2025, targeting home and small commercial solar users[26,48] - The company is actively working towards additional OEM market penetration with new major partners[20,48] - Expion360 is diversifying its supply chain and exploring potential sourcing from additional countries to mitigate tariff impacts[20,48] Product Development & Technology - The e360 12 volt 450 Ah battery features a new proprietary anode/cathode design that increases energy density by >32% to reach 4.5 Ah vs traditional 3.4 Ah 26650 cells[29] - Vertical Heat Conduction ("VHC ") internal heating technology is now included in the next generation Group 27 and GC2 12V series batteries[39]