Argentine Economy - Real Gross Domestic Product is projected to increase by 3.6% in 2025 and 3.9% in 2026[5] - The Non-Financial Public Sector's Primary Fiscal Balance is projected to be 0.3% of GDP in both 2025 and 2026[14] - The Argentine Central Bank financing is projected to be 0.6% of GDP in 2025[16] - The current account is projected to be 0.3% of GDP in 2025[25] - Exports are projected to reach $81.5 billion in 2025 and $82.9 billion in 2026[26] Argentine Financial System - Financial Depth: Deposits are 18% of GDP and Loans are 10% of GDP in Argentina[44] - Private Sector Deposits increased 135.2% YoY and Private Sector Credit increased 135% YoY as of November 2025[49, 51] - As of August 31, 2025, Private Sector Banks hold 30.8% of the market share of private-sector deposits[62] - As of September 2025, the banking system's ROE is -0.1% and ROA is 0.0%[66, 67] Grupo Financiero Galicia (GFG) - GFG's ROE for 3Q25 was (4.7)% and ROA was (0.8)%[83] - Banco Galicia's ROE for 3Q25 was (7.3)% and ROA was (1.3)%[92] - Naranja X's ROE for 3Q25 was (2.5)% and ROA was (0.4)%[159]

Financial Performance - FY2025 - Deere & Company's FY2025 net sales and revenues reached $51716 million, a 13% increase compared to $45684 million in FY2024[7] - Net sales for equipment operations in FY2025 were $44759 million, up 15% from $38917 million in FY2024[7] - Net income attributable to Deere & Company for FY2025 was $7100 million, a 29% increase compared to $5027 million in FY2024[7] - Diluted earnings per share (EPS) for FY2025 were $2552, a 28% increase compared to $1850 in FY2024[7] Financial Performance - 4Q2025 - Net sales and revenues for 4Q2025 were $12394 million, a 11% increase compared to $11143 million in 4Q2024[9] - Net sales for equipment operations in 4Q2025 were $10579 million, up 14% from $9275 million in 4Q2024[9] - Net income attributable to Deere & Company for 4Q2025 was $1065 million, a 14% decrease compared to $1245 million in 4Q2024[9] - Diluted earnings per share (EPS) for 4Q2025 were $393, a 14% decrease compared to $455 in 4Q2024[9] Segment Performance - 4Q2025 - Production & Precision Ag net sales in 4Q2025 were $4740 million, a 10% increase compared to $4305 million in 4Q2024[11] - Small Ag & Turf net sales in 4Q2025 were $2457 million, a 7% increase compared to $2306 million in 4Q2024[13] - Construction & Forestry net sales in 4Q2025 were $3382 million, a 27% increase compared to $2664 million in 4Q2024[24] Financial Outlook - FY2026 - Deere & Company forecasts a net income attributable to the company of $40-475 billion for FY2026[35] - The company anticipates an effective tax rate of 25-27% for FY2026[35] - Net operating cash flow for FY2026 is projected to be $40-50 billion[36] - Capital expenditures are expected to be approximately $14 billion[37]

Financial Performance - Total revenue for FY25 was $562 million[3], impacted by a cyber incident that reduced revenue by approximately $12 million[4] - Digital revenue accounted for 53% of total revenue in FY25[3] - Adjusted EBITDA for FY25 was $45 million[3], also impacted by the cyber incident which reduced Adjusted EBITDA by approximately $8 million[4] - Q4 2025 total operating revenue was $139 million, a 12% year-over-year decrease, or a 5% decrease on a same-store basis[6] - Q4 2025 total digital revenue was $74 million, a 3% year-over-year decrease[6] - Q4 2025 total print revenue was $65 million, an 8% decrease[6] - Q4 2025 Adjusted EBITDA was $15 million, a 14% increase on a comparable basis[9] - The company has reduced gross debt by $121 million since refinancing in March 2020[40] Digital Growth - Digital subscription revenue grew 16%[3, 11, 22] - The company aims to achieve over $450 million in digital revenue by 2030 through its Three Pillar Digital Growth Strategy[13] - The company expects to surpass 12 million subscribers in 2030[43, 51] - The company is targeting $250 million of digital advertising[46, 51]

Market Overview - The global dry bulk fleet is aging, with 25% being over 15 years old[8] - Japan accounts for 42% of the global dry bulk fleet[8] - The dry bulk orderbook represents 107% of the existing fleet[8] - Approximately 15% of the dry bulk orderbook will be able to use alternative fuels upon delivery[8] - Global GDP is projected to grow by 31% in 2026 and 32% in 2027[17] - Global inflation is expected to be 37% in 2026 and 34% in 2027[17] - Dry bulk demand is forecasted to increase by 2% in 2026[17] - Supply is expected to increase by 28% in 2026 and 27% in 2027[21] Company Financials - The company declared a quarterly dividend of $005 per share, resulting in a 41% dividend yield[26] - Net revenues for the quarter were $731 million[26]

BBVA Argentina November 2025 3Q25 Earnings Conference Call BBVA Argentina Corporate Presentation p. 1 3Q25 Profitability Indicators Net Income (AR$ billion, INFLATION ADJUSTED) -40% -46% ROA ROE BBVA Argentina Corporate Presentation p. 2 3Q25 Main Highlights – Ar$ Real Terms 3Q25 Net Income NET INTEREST INCOME OPERATING EXPENSES EFFICIENCY RATIO* (%) 57.6% in 3Q25 210.0 bn LOAN LOSS ALLOWANCES 1 3 2 585.5 bn FINANCIAL MARGIN 79.8 bn 494.6 bn -25.3% QoQ -33.6% YoY -6.6% QoQ -3.5% YoY +37.1% QoQ +286.3% YoY - ...

Business Performance - Loan book grew by 8% QoQ, outperforming the industry growth of 7.6%[8] - Total deposits increased by 15% QoQ and 40% YoY[8] - US$ deposits reached record levels, up 31% QoQ and 56% YoY[8] - Net fee income increased by 7% QoQ and 9% YTD[8] Profitability and Asset Quality - The company experienced a net loss of 50 billion in 3Q25 due to increased Cost of Risk (COR)[8] - Net Interest Margin (NIM) declined to 11%[8] - NPL ratio increased to 3.9%[8] - Net COR was 6.4% in 3Q25 and 5.2% YTD[8] Strategic Initiatives and Capital - CET1 ratio stood at 13.2% as of September 2025, increasing to 14.5% by October 2025[8, 18] - The company continued to evolve its SuperApp[8] - Cost reduction of 2% QoQ and 12% YTD was achieved[8] Macroeconomic Context - The Central Bank Market Expectations Survey as of October 2025 projected inflation of 30%, an Fx eop at 1,532, and GDP growth of 3.9% in 2025[15, 19]

Peter Wawer (GIP Division President), Adam White (PSS Division President) London, 26 - 27 November 2025 We Power AI Divisional update call public 1 Agenda and speakers 13% 11% 8% 6% 3% 59% E-mobility Power infrastructure1 Software- defined vehicle IoT AI/Data center FY25 revenue of €14.7bn by segment and key growth application Main growth contributors (addressed by multiple segments) Other applications 1 Power infrastructure = Renewables + Grid infrastructure (e.g. transmission, distribution, storage…) Spea ...

Financial Performance & Growth - Alarum Technologies' LTM (Last Twelve Months) revenue to Q3 2025 reached $36.3 million[7] - Adjusted EBITDA for the LTM to Q3 2025 was $4.9 million[7] - Data Collection experienced a Compound Annual Growth Rate (CAGR) of 68% from 2020 to 2024[7, 36] - The company's cash, cash equivalents, and cash investments stood at $24.6 million as of September 30, 2025[7, 51, 53] - Shareholders' equity was $31.1 million as of September 30, 2025[7, 51, 53] - Cash flow from operating activities for the LTM to Q3 2025 was $0.8 million[7] Market & Strategy - The Total Addressable Market (TAM) for Data Collection is estimated at $17.1 billion[7, 27] - The Data Collection & Labeling market is projected to grow at a CAGR of 28.4%, reaching $17.1 billion by 2030[27] - The company is transitioning to become a leading data enabler for AI, focusing on data collection solutions[9, 11] - Alarum is investing in infrastructure and strategic partnerships to capitalize on market opportunities in AI and e-commerce[9, 12]

Business Highlights - EHang's Q3 2025 saw sales and deliveries of 42 eVTOL aircraft, including 41 EH216 series units and one VT35 unit[12] - The company unveiled VT35 for intercity advanced air mobility with initial delivery[12, 15] - EHang launched Thailand AAM Sandbox Initiative, paving way for commercial operations overseas[12, 24] - The company expanded global footprints in Qatar, Japan, Kazakhstan and Rwanda[12, 29, 30, 31, 32, 33] - VT35 has a fully loaded design range of approximately 200 km, enabling one-hour intercity air mobility[18] - VT35 received purchase orders at a unit price of RMB65 million from customers in Anhui, Zhejiang, and Hainan, and has started delivery in Q3[18] - EHang has conducted over 1,700 safe operational flights by the first two OC operators[19] Financial Performance - Total revenues for Q3 2025 were RMB92472 million, a decrease of 278% year-over-year and 372% quarter-over-quarter[12, 49] - Gross profit for Q3 2025 was RMB56209 million, a decrease of 283% year-over-year and 390% quarter-over-quarter[49] - The company maintained full-year revenue guidance of RMB500 million[12]

Financial Performance & Highlights - The company reported a profit of USD 173 million for Q3 2025, with an EBITDA of USD 2384 million[13] - The company's contract backlog stands at USD 295 billion[13] - The company's liquidity is USD 5556 million[13] - The company will generate a capital gain of USD 267 million from the sale of VLCC Dalma in Q4 2025[13] - The company will generate a capital gain of USD 24 million from the sale of Capesize Battersea in Q4 2025[13] - The company will generate a capital gain of USD 204 million from the sale of Suezmax Sofia in Q4 2025[13] Fleet & Market Update - The company's fleet includes 205 modern eco vessels, with an average age of 56 years[9] - The orderbook to fleet ratio for VLCC is 154% and for Suezmax is 208%[15] - The company's dry bulk fleet outperformed the Q3 5TC Baltic Capesize Index by 255%[33] - Windcat CSOVs achieved a TCE of USD 27272 per day in Q3 2025, with Q4 TCE quarter-to-date rates at USD 118870 per day (837% fixed)[86]