Financial Highlights - Adjusted operating income was $50 million, or $1.01 per share, for the second quarter of 2025[9] - The company insured $10 billion of new business par in the second quarter of 2025, the largest second-quarter amount in a decade[9] - The company generated $64 million of new business production (PVP) in the second quarter of 2025[9] - Pretax adjusted operating income from asset management was $5 million in the second quarter of 2025[9] - Pretax adjusted operating income from the alternative investment portfolio was $16 million in the second quarter of 2025[9] - Capital returned to shareholders in the second quarter of 2025 was $150 million, including share repurchases of $131 million (1.5 million shares) and dividends of $19 million[9] - Adjusted operating income was $212 million, or $4.21 per share, in the first half of 2025, a 23% increase compared to the first half of 2024[11] - The company insured $15 billion of new business par in the first half of 2025, the largest amount of first-half par insured in a decade[15] - The company generated $103 million of PVP in the first half of 2025[15] - The company repurchased nearly 3 million shares at a total cost of $251 million in the first half of 2025, representing nearly 6% of shares outstanding on December 31, 2024[15]

Financial Performance - Q3 FY2025 - Reported revenue reached $295.5 million, an increase of 8.4% compared to the prior year period[13, 15] - Adjusted constant currency revenue growth was 8.0%[13, 15] - GAAP gross profit was $197.1 million with a margin of 66.7%[15] - Adjusted EBITDA was $131.0 million with a margin of 44.3%[15] - GAAP net income per diluted share was $0.78, compared to $0.25 in the prior year period[15] - Adjusted net income per diluted share was $1.12, compared to $0.74 in the prior year period[15] Financial Performance - Nine Months Ended FY2025 - Adjusted revenue was $816.4 million, a decrease of 2.5% compared to the prior year period[28] - Adjusted constant currency revenue decreased by 1.7%[28] FY2025 Updated Financial Guidance - Reported revenue is projected to be between $1.078 billion and $1.085 billion, representing a decline of 4.0% to 3.4%[16] - Adjusted constant currency revenue growth is expected to be between -3.6% and -3.0%[16] - Adjusted earnings per diluted share are projected to be between $2.90 and $2.95[16] - Adjusted EBITDA margin is expected to be between 37.25% and 37.50%[16] Strategic Priorities - The company paid down approximately $52 million of term loan B during the third quarter, reaching approximately $112 million in year-to-date debt reduction[11] - The company expects to generate pre-tax cost savings of between $7 million and $8 million during the second half of FY 2025 from the restructuring plan[11] - The company significantly advanced the U S and Canada brand transition, with substantial completion expected by the end of FY 2025[8, 24]

Acquisition and Refinancing - FTAI Infrastructure is acquiring the Wheeling & Lake Erie Railway (W&LE) for $1.05 billion[13] - The combined Transtar / W&LE business is expected to generate annual Adjusted EBITDA of $200+ million by the end of 2026[16] - Corporate fixed charges are expected to reduce by ~$30 million annually due to refinancing[19] - $2.25 billion of new capital is being issued, including $1.25 billion in new corporate debt and $1.0 billion of preferred stock[21] Q2 2025 Financial Performance - Consolidated Adjusted EBITDA for Q2 2025 was $45.9 million[29] - Transtar's Adjusted EBITDA for Q2 2025 was $20.7 million, up 4% from Q1 2025[25, 31] - Long Ridge's Adjusted EBITDA for Q2 2025 was $23.0 million[25, 32] - Jefferson Terminal's Adjusted EBITDA for Q2 2025 was $11.1 million[25, 34] - Repauno's Adjusted EBITDA for Q2 2025 was $(2.1) million[25, 34] Growth Opportunities - Expect ~$15+ million of incremental annual Adjusted EBITDA from Nippon's investments in U S Steel facilities[37] - Two contracts commencing in fall 2025 at Jefferson Terminal represent $20 million of incremental annual Adjusted EBITDA[34, 45] - Contracts and a LOI in place at Repauno represent approximately $80 million of annual Adjusted EBITDA[34]

Financial Performance - The company reported a GAAP net loss of $2.7 million, or $0.04 per share, in 2Q25 [7] - The adjusted net loss was $1.4 million, or $0.02 per share [7] - Adjusted EBITDA decreased by $0.6 million year-over-year to $15.3 million in 2Q25 [8] Capital Allocation - The company repurchased $1 million in shares of common stock at an average price of $4.96 per share during 2Q25 [9] - The company announced the sale of the Handysized Strategic Endeavor for $7.7 million and the purchase of the remaining 49% equity ownership of Seamar Management for $2.7 million [9] - Financing process began for the Strategic Spirit and Strategic Vision, each for $9 million, expected to close in Q3 2025 [9] Operational Highlights - TCE rates outperformed benchmark Panamax, Supramax and Handysize indices by 17% [6] - As of August 6, 2025, 3,671 days were booked at an average of $14,272/day [9] Vessel Acquisitions - The company purchased 7 vessels for $245 million in 2021 & 2022 [17] - The company purchased 3 vessels for $83 million & Acquired 15 vessels for 1806 million shares in 2023 & 2024 [17]

Financial Overview - Vermilion Energy's trading price was $10.74 (TSX) and US$7.83 (NYSE) as of August 7, 2025[3] - The company's market capitalization stood at $1.7 billion, with an enterprise value of $3.0 billion[3] - Year-end 2025 net debt is estimated at $1.3 billion, resulting in a net debt-to-FFO ratio of 1.3x[3] Production and Capital Expenditure - The company's 2025 production guidance is between 117,000 and 122,000 boe/d[3] - Exploration and Development (E&D) capital expenditures for 2025 are projected to be between $630 million and $660 million[3] - Global gas assets are expected to contribute 84% to H2/25E FFO, while legacy oil contributes 16%[3] - Global gas assets account for 90% of H2/25E production, with legacy oil making up the remaining 10%[3] Strategic Initiatives and Synergies - Post-acquisition synergies from Westbrick are now estimated to exceed $200 million NPV10[10, 14] - DCET costs in the Deep Basin have been further reduced from $9.0 million to $8.5 million per well[10] - The Wisselshorst discovery in Germany is estimated to contain 380 Bcf of gas in place (240 Bcf net)[14, 55]

Financial Performance & Growth - Decisive reported record Q2 2025 results, marking the third consecutive quarter of record performance [90] - Revenue CAGR from 2015 to 2024 was 25%, reaching $6.59 per share in 2024, a 68% increase from 2015 [36] - Adjusted EBITDA CAGR from 2015 to 2024 was 26%, reaching $1.05 per share in 2024, an 80% increase from 2015 [36] - Free Cash Flow less Maintenance Capital CAGR from 2015 to 2024 was 27%, reaching $0.56 per share in 2024, an 86% increase from 2015 [36] - June 30, 2025 Pro Forma TTM Revenue was $151.3 million or $7.66 per share, Adjusted EBITDA was $26.5 million or $1.34 per share, and Net Profit was $5.8 million or $0.34 per share [36] Dividends & Returns - Cumulative dividend payout of $43.2 million since 2015 [36] - Current monthly dividend is $0.045 per share, representing a 6.5% yield as of August 7, 2025 [36] - Q2 2025 TTM Dividend Payout Ratio is 74% [36] - Total return since inception is approximately 900% (~25% annualized) [42] Acquisitions & Strategy - Completed 16 acquisitions in the first 10 years of operations [36, 42] - The company targets acquisitions with enterprise values up to $25 million [22, 47] - The company aims to fund acquisitions with a long-term leverage target of 50% equity / 50% debt [44, 47]

1. Introduction 2. Preliminary H1 results and 2025 guidance 3. Q&A Guidance announcement Presented by Jens E. Andersen, CEO Michael H. Jeppesen, CFO 1 8 August 2025 AGENDA 2 Introduction Q2 2025 development Initiatives launched in H1 Guidance lowered 3 • Unexpected market slowdown for Industry and to a lesser extent for Installation. • Trade and Climate & Energy delivered growth driven by Solar Polaris' sales to a major solar park project. • July showed even more disappointing revenue growth in all key mark ...

Financial Performance - Textron's Q2 2025 revenues reached $3.7 billion, an increase from $3.5 billion in Q2 2024[4] - Segment profit slightly increased to $346 million in Q2 2025 from $343 million in Q2 2024[4] - Earnings per share (EPS) remained constant at $1.35 in both Q2 2025 and Q2 2024[4] - Adjusted EPS increased marginally to $1.55 in Q2 2025 from $1.54 in Q2 2024[4] - Manufacturing cash flow before pension contributions rose to $336 million in Q2 2025 from $320 million in Q2 2024[4] Revenue Growth by Segment - Bell experienced significant revenue growth of 28.0% organically[6] - Textron Aviation saw organic revenue growth of 2.8%[6] - Textron Systems experienced a slight organic revenue decrease of 0.6%[6] - Industrial segment's revenue decreased by 8.2%, but after accounting for divestiture impact of 3.6%, the organic decrease was 4.6%[6] - Textron eAviation's revenue decreased by 11.1%[6] Adjusted EBITDA - Adjusted EBITDA was $468 million in Q2 2025, slightly lower than the $473 million in Q2 2024[8]

Financial Performance - GigaCloud Technology's total revenues reached $323 million in Q2'25, a 4% year-over-year growth from Q2'24[16] - The company's gross profit was $77 million in Q2'25, representing a 1% year-over-year increase compared to Q2'24[19] - Net income for Q2'25 was $35 million, a 28% increase year-over-year[22] - Adjusted EBITDA for Q2'25 was $43 million, a 1% increase year-over-year[22] Marketplace Growth - GigaCloud Marketplace GMV (Gross Merchandise Value) reached $1.4 billion LTM (Last Twelve Months) ended June 30, 2025, a 31% year-over-year growth[23] - 3P (Third-Party) Seller GigaCloud Marketplace GMV was $758 million LTM ended June 30, 2025, a 33% year-over-year growth[23] - The number of active 3P sellers was 1,162 LTM ended June 30, 2025, a 25% year-over-year growth[24, 25] - The number of active buyers was 10,951 LTM ended June 30, 2025, a 51% year-over-year growth[26] - The average spend per active buyer was approximately $131,000 LTM ended June 30, 2025[26] Capital Allocation - GigaCloud raised $41 million in gross proceeds from its IPO[28] - The company acquired Noble House and Wonder for $87 million[28] - GigaCloud repurchased $2 million in Class A shares under the 2023 authorization and $69 million under the 2024 authorization[28]

Q2'25 Financial Performance - Chime achieved revenue of $528 million in Q2'25, representing a 37% year-over-year growth[17] - Gross profit reached $461 million with a gross margin of 87%[18] - Transaction profit was $363 million, yielding a transaction margin of 69%[18] - Adjusted EBITDA stood at $16 million, a 417% increase year-over-year, with a margin of 3%[18] Key Operating Metrics - Active Members grew to 87 million, a 23% increase year-over-year[17] - Purchase Volume increased to $324 billion, an 18% year-over-year growth[17] - Average Revenue Per Active Member (ARPAM) rose to $245, a 12% year-over-year increase[17] Future Outlook - The company projects Q3'25 revenue between $525 million and $535 million, indicating a year-over-year growth of 24% to 27%[35] - Full Year 2025 revenue is expected to be between $2135 billion and $2155 billion, a 28% to 29% year-over-year growth[35] - Adjusted EBITDA for Q3'25 is projected to be between $12 million and $17 million, with a margin of 2% to 3%[35] - The company anticipates an incremental adjusted EBITDA margin in the mid-40s or higher by Q4'25[10]