Financial Performance - Melrose Industries PLC reported a 6% increase in revenue to £1.72 billion in H1 2025[9] - The company achieved a 29% increase in operating profit to £310 million[9] - Free cash flow improved by £91 million year-over-year, although it remained an outflow of £54 million[9, 14] - Diluted earnings per share increased by 30% to 15.1p[14] Divisional Results - The Engines division saw an 11% increase in revenue, reaching £781 million, and a 26% increase in operating profit[16, 21] - The Structures division experienced a 3% increase in revenue to £939 million and a 32% increase in operating profit[16, 29] - Engines operating margin improved by 4.0 percentage points to 33.4%, while Structures operating margin increased by 2.0 percentage points to 6.7%[16] Strategic Initiatives - The company is in the final stages of footprint rationalization, reducing sites from 52 to 32[11] - 85% of the defence portfolio is now sustainably priced, ahead of schedule[11] Future Outlook - The company maintains its full-year guidance for 2025, expecting to deliver £100 million+ in free cash flow[8, 43] - Revenue target for 2029 is ~£5 billion, with operating profit of £1.2 billion+ and a margin up to 24%+[79]

Financial Performance - Sales reached £1,722 million, reflecting a 2% underlying increase[35] - Adjusted operating profit increased by 2% underlying to £242 million[35] - Adjusted earnings per share (EPS) decreased by 4% headline to 245 pence[35] - Interim dividend increased by 5% to 78 pence[35] - Free cash flow significantly increased by £129 million to £156 million[35] - Net debt decreased from £12 billion to £10 billion[35] Segment Performance (Sales) - Assessment & Qualifications sales were £802 million, a 2% underlying increase[37] - Virtual Learning sales were £242 million, a 1% underlying decrease[37] - Higher Education sales were £337 million, a 4% underlying increase[37] - English Language Learning sales were £171 million, a 3% underlying decrease[37] - Enterprise Learning & Skills sales were £170 million, a 4% underlying increase[37] Strategic Outlook - The company reaffirms its full-year outlook and remains on track to meet 2025 priorities[36,49] - The company anticipates stronger sales growth in the second half of the year, particularly in Q4[41]

Project Overview - Orion Minerals is focused on developing two fully permitted brownfield projects: the Prieska Copper Zinc Mine (PCZM) and the Flat Mines at the Okiep Copper Project (OCP)[27] - The company holds 3,582 km2 of prime exploration and mining rights in two highly prospective regions[25] Financial Highlights - PCZM DFS shows an NPV of AUD568 million, an IRR of 26%, and a peak capital requirement of AUD578 million[28] - Flat Mines (at Okiep) DFS indicates an NPV of AUD75 million, an IRR of 19%, and a peak capital of AUD103 million[28] - The purchase consideration payable by Orion for acquiring the controlling interest in the Okiep Copper Project is approximately ZAR60 million (~$4.9 million)[21] - Market capitalization is AUD80.1 million (USD52.2 million)[18] Development Strategy - The company's strategy involves developing the flagship PCZM project first, followed by optimization of the Flat Mines at OCP[32] - First concentrate from PCZM Uppers is expected 13 months after financing[32] - The company is targeting concentrate production by Christmas 2026[49] Funding and Shareholder Structure - Tembo Capital holds 14.9% of the current share issue[20] - Delphi Group holds 11.0% of the current share issue[20] - Clover Alloys (SA) holds 8.6% of the current share issue[20]

Scheme Overview - Ideagen BidCo 将以每股 0.09 澳元的价格收购 Envirosuite 的所有股份[37] - 该价格较 2025 年 2 月 24 日 Ideagen 首次提议前 Envirosuite 股票的最后收盘价 0.043 澳元溢价约 109.3%[37] - 该价格较 2024 年 8 月 26 日至 2025 年 2 月 24 日的 6 个月 VWAP 溢价约 52.9%[37] - Envirosuite 董事一致建议股东投票赞成该计划[39] - 独立专家 Grant Thornton Corporate Finance 认为，在没有更优方案的情况下，该计划是公平合理的，符合 Envirosuite 股东的最佳利益[46] - 独立专家认为，每股 0.09 澳元的现金方案对价在其评估的每股 0.0767 澳元至 0.1009 澳元的估值范围内[47] Scheme Conditions and Timetable - 该计划仍需 Envirosuite 股东在计划会议上以法定多数票通过[52] - Ideagen 已于 2025 年 6 月 20 日获得 FIRB 批准[53] - 第二次法院听证会定于 2025 年 8 月 8 日上午 10:15（墨尔本时间）举行[57] - 该计划的生效日期为 2025 年 8 月 11 日[56] - 确定方案对价权利的记录日期为 2025 年 8 月 13 日下午 5:00（墨尔本时间）[56] - 该计划的实施日期为 2025 年 8 月 20 日[56] Scheme Resolution and Voting - 赞成该计划的代理投票为 853,861,916 票，反对票为 4,265,377 票，未指定票为 47,588,395 票[61] - 赞成票占有效可用票数的 94.28%，反对票占 0.47%，未指定票占 5.25%[61]

Silk Logistics Holdings Scheme Meeting For personal use only Scheme of Arrangement for the proposed acquisition of Silk by DP World Australia 1 August 2025 at 10.00am Melbourne / Sydney time Deloitte Touche Tohmatsu, 477 Collins Street, Melbourne, VIC, 3000 ACKNOWLEDGMENT OF COUNTRY Silk acknowledges and pays respect to the Traditional Custodians of the land on which we operate, live and gather as a team. We recognise their continued connection to Country and Culture. For personal use only For personal use ...

Financial Performance - Q2 2025 total revenues decreased by 3% year-over-year to $589.083 million[64, 87] - Leasing revenue decreased by 3% year-over-year to $442.916 million[64, 87] - Adjusted EBITDA Margin decreased by approximately 130 bps year-over-year to 42.3%[64] - Adjusted Free Cash Flow Margin was 22% in Q2 2025 and 23.6% over the last twelve months[69, 110] - Leverage at 3.6x last-twelve-months Adjusted EBITDA of $1.029 billion[77, 103] Operational Metrics - Modular space unit average monthly rental rate increased 5% year-over-year to $1,237 in Q2 2025[58, 94] - Portable storage unit average monthly rental rate increased 7% year-over-year to $282 in Q2 2025[58, 94] - VAPS revenue increased 40 bps year-over-year to 17% of total revenue in Q2 2025[61, 94] - Average modular space units on rent declined 6% year-over-year[48] - Average portable storage units on rent declined 14% year-over-year[51] Future Outlook - The company revised its 2025 financial outlook, expecting revenue between $2.3 billion and $2.35 billion and Adjusted EBITDA between $1 billion and $1.02 billion[84]

Market Opportunity & Solutions - Workiva estimates a total addressable market (TAM) of $35 billion[7,9] - Sustainability Management represents 20% of Workiva's total TAM[11,12] - Financial Reporting also represents 50% of Workiva's total TAM[11] - Industry Vertical represents 20% of Workiva's total TAM[11] - Governance, Risk, and Compliance (GRC) represents 10% of Workiva's total TAM[11] Financial Performance & Growth - Q2 2025 subscription revenue grew by 23% year-over-year[57] - Q2 2025 gross retention rate was 97%[57] - Q2 2025 net retention rate was 114%, with a 1% positive impact from foreign exchange rate fluctuations[59,64] - Remaining Performance Obligation (RPO) grew by 24% to $1.237 billion in Q2 2025[61] - Customer logos increased by 5% to 6,467 in Q2 2025[61] Customer Base & Adoption - The number of customers with ACV (Annual Contract Value) greater than $100k grew by 27%[66] - The number of customers with ACV greater than $300k grew by 35%[66] - The number of customers with ACV greater than $500k grew by 37%[66] - Subscription revenue from multi-solution customers increased to 71%[69] Financial Guidance - Q3 2025 total revenue is projected to be between $218 million and $220 million, representing a 174%-185% year-over-year growth[71] - Full-year 2025 total revenue is projected to be between $870 million and $873 million, representing a 178%-182% year-over-year growth[71]

Q2 2025 Performance - Core sales growth reached 5.6%[16], with adjusted EBITDA margin at 12.4%[16] and adjusted EPS at $0.26, a 136% year-on-year increase[16] - Specialty Products & Technologies (SP&T) experienced a core sales growth of 4.7%[16], while Equipment & Consumables (E&C) saw a core sales growth of 7.3%[16] - Free cash flow was $76 million[28] H1 2025 Performance - Core sales growth was 2.9%[16], with adjusted EBITDA margin at 12.6%[16] and adjusted EPS at $0.50, a 35% year-on-year increase[16] FY2025 Updated Guidance - Core sales growth guidance raised from 1-3% to 3-4%[16] - EPS guidance increased from $0.95 - $1.05 to $1.05 - $1.15[16] - Adjusted EBITDA margin guidance maintained at approximately 14%[16] Revenue and Growth Analysis - Q2 2025 revenue was $682.1 million, an increase of $49.0 million compared to $633.1 million in Q2 2024[25] - Reported revenue growth was 7.7%, with core growth contributing 5.6%[29] Adjusted EBITDA Analysis - Adjusted EBITDA for Q2 2025 was $84.3 million, compared to $63.0 million in Q2 2024, representing a 34% increase[27, 25] - Adjusted EBITDA margin increased by 240 bps to 12.4%[27, 25]

Financial Performance - Total revenue reached $1.67 billion in 2024, demonstrating a 26% compound annual growth rate (CAGR)[12] - Q2 2025 revenue was $512 million[12] - Non-GAAP gross margin stood at 76% as of Q2 2025[14] - The company projects full-year 2025 revenue between $2.1135 billion and $2.1155 billion, representing a 27% year-over-year growth[86] Customer Growth - The company had 265,000 paying customers as of Q2 2025, reflecting a 21% CAGR[14, 69] - Large customers (>$100,000 annualized revenue) numbered 3,712 in Q2 2025, with a 29% CAGR[12, 69] - Revenue from large customers accounted for 71% of the total revenue[14, 33] Network and Security - The platform blocks an average of 190 billion cyber threats per day[33, 43] - The network spans 330 cities across 125+ countries[14, 37] - 95% of the world's Internet-connected population is within ~50 ms of a Cloudflare data center[37] Market Opportunity - The company estimates a large addressable market of $181 billion in 2025[51, 62]

Business Highlights - AEye tripled new business wins from 2 to 6, with visibility to additional non-automotive orders totaling thousands of units[18] - A leading transportation OEM selected AEye for a potential $30 million revenue opportunity[18] - AEye launched OPTIS™ powered by NVIDIA Jetson Orin, securing multiple deployments in airport safety and security, perimeter monitoring, and transportation logistics[18] - AEye is fully integrated into NVIDIA DRIVE AGX Orin platform, potentially driving expanded engagement with leading OEMs and paving the way for Hyperion integration[14] - AEye was chosen for GM-sponsored WinTOR initiative, creating the potential for a significant sourcing advantage for future OEM programs[16] Financial Performance - GAAP Net Loss for Q2 2025 was $(9.3) million, with a GAAP EPS of $(0.48)[29] - Non-GAAP Net Loss for Q2 2025 was $(6.7) million, with a Non-GAAP EPS of $(0.35)[29] - Net Cash Used in Operating Activities for Q2 2025 was $(6.4) million[29] - Cash, Cash Equivalents, and Marketable Securities totaled $19.2 million[29] Financial Outlook - The company expects FY 2025 cash burn to be within the previously communicated range of $27 million to $29 million[31]