Financial Data and Key Metrics Changes - In Q4 2025, net revenue totaled ARS 225 billion (approximately $152 million), reflecting a 1.7% year-over-year decline compared to Q4 2024 [5] - Consolidated adjusted EBITDA reached $37 million with a margin of 19.7%, representing a 938 basis points decline year-over-year [19] - For the full year 2025, adjusted EBITDA amounted to $146 million with a margin of 21.3%, a contraction of 454 basis points compared to 2024 [19][21] - Net profit attributable to owners of the company was ARS 6.2 billion, down from ARS 29.5 billion in Q4 2024, primarily due to weaker operating performance [22] Business Line Data and Key Metrics Changes - Cement segment revenues decreased by 4.4% year-over-year, reflecting softer pricing conditions [13] - Concrete revenues increased by 37% year-over-year, driven by a 62% expansion in volumes [15] - Aggregate revenues were stable, down 0.9% year-over-year, with volumes increasing by 8.2% [15] Market Data and Key Metrics Changes - The Argentine economy grew by 4.4% in 2025, with significant contributions from agriculture, mining, and financial intermediation, while industry and commerce showed declines [11] - The cement industry closed the year with a 5.6% growth, reversing previous declines [11] Company Strategy and Development Direction - The company emphasizes cost discipline and operational efficiency to preserve profitability in a challenging demand environment [27] - Loma Negra is positioned to play a central role in addressing Argentina's significant infrastructure gaps, with expectations for gradual economic recovery supported by announced investment initiatives [29] Management Comments on Operating Environment and Future Outlook - Management noted that the recovery lost momentum in the second half of 2025 due to political uncertainty and financial tensions [27] - Looking ahead to 2026, management is optimistic about macro stabilization and gradual easing of monetary constraints, which should support economic activity [29] Other Important Information - The company achieved a 22% reduction in CO2 equivalent emissions compared to the 2021 baseline as part of its sustainability efforts [8] - The company celebrated its 100th anniversary, highlighting its commitment to sustainable growth and community engagement [10] Q&A Session Summary Question: Inquiry about energy management approach - Management discussed the use of natural gas as the primary energy source, with contracts signed at lower prices for the upcoming year, and an increase in renewable energy participation [33][35] Question: Guidance for 2026 regarding volumes and margins - Management indicated expectations for growth in volumes, despite a slow start to the year, and anticipated a recovery in margins due to improved pricing dynamics [39][41] Question: Sales volumes and pricing expectations for 2026 - Management acknowledged a 6% decline in sales volumes for the first two months of 2026 but expected recovery as projects commence, while pricing guidance remains cautious [43][46]

Financial Data and Key Metrics Changes - For Q4 2025, total revenues were $35.2 million, down from $38.4 million in Q4 2024. Core FFO was $0.19 per share compared to $0.18 per share in the prior year [17] - For the full year 2025, total revenues were $147.6 million, down from $164.9 million in 2024. Core FFO was $0.78 per share, which included approximately $0.09 per share of lease terminations [19] - Adjusted EBITDA for 2025 was $69 million, compared to $82.8 million in 2024 [19] - G&A expenses for 2025 were $20.3 million, slightly up from $20.1 million in 2024 [19] Business Line Data and Key Metrics Changes - In 2025, the company completed over 900,000 sq ft of leasing, following 1.1 million sq ft in 2024, indicating an improving market backdrop [4] - The average weighted average lease term (WALT) for new leases signed in 2025 was nearly 10 years, almost double the portfolio average WALT [5] - Cash rent spreads for Q4 renewals were up 12.8%, although overall rent spreads for 2025 were down 7.1% [6] Market Data and Key Metrics Changes - The lease rate improved by 600 basis points year-over-year to over 80% at year-end, with occupancy rate improving by 500 basis points to 78.7% [6] - The company entered 2026 with scheduled lease expirations totaling $11.4 million of Annualized Base Rent, down from $16.2 million in 2025 [7] Company Strategy and Development Direction - The company is undergoing a strategic options review to explore pathways to unlock shareholder value [4] - There is a focus on shifting portfolio concentration away from traditional suburban office properties towards dedicated use assets (DUAs) [11] - The company aims to improve portfolio quality, lengthen WALT, renew tenants, and fill vacant space while managing leverage prudently [16] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in standalone prospects and expects Core FFO to grow meaningfully in the coming years as the portfolio stabilizes [15] - The leasing momentum is seen as a result of an improving market, with a robust pipeline of over 1 million sq ft in discussion or documentation stages [7] - The company anticipates that 2025 represented a trough for Core FFO, with expectations for improvement in 2026 [29] Other Important Information - The company sold 10 properties in 2025 for approximately $81 million, including additional sales of vacant properties in early 2026 [8][9] - A new $215 million secured revolving facility was established, maturing in February 2029, providing financial flexibility [14] - The board declared a quarterly cash dividend of $0.02 per share for Q1 2026 [28] Q&A Session Summary Question: Is the leasing pipeline reflecting an overall improvement in office leasing? - Management indicated that the leasing momentum is a result of both market improvement and increased activity within their portfolio [31] Question: What is the historical success rate of converting the leasing pipeline into signed leases? - Management noted that their success rate has significantly improved over the past two years, with a notable increase in leasing activity [32] Question: Can you provide context on the Barilla transaction? - The transaction was brokered and involved a property that includes test kitchens and R&D facilities, with about half being office space [34][35] Question: What is the pace of disposing of remaining vacant properties? - Management stated that while they have sold a significant number of properties, they will evaluate future vacancies on a case-by-case basis [38] Question: What opportunities do upcoming lease maturities present? - Management expects Core FFO to grow as the portfolio stabilizes, although renewal rent increases may vary based on market conditions [41]

INVESTOR PRESENTATION | MARCH 2 026 High-Return Capital Allocator at Scale Executing >25% full-cycle returns at strip with a clear transition to sustainable free cash flow 2. Defined as Net Debt / Trailing Twelve Month ("TTM") Adjusted EBITDAX as of 12/31/2025; Net Debt and Adjusted EBITDAX are Non-GAAP financial measures, which are defined and reconciled in the Appendix. 3. As of 2/26/2026; based on last quarter annualized dividend payment of $0.44/share; future dividends are subject to approval by the Gra ...

Financial Data and Key Metrics Changes - Fourth quarter revenue increased 17% year-over-year to $143.4 million, with 15% organic growth on a constant currency basis [9] - Gross margin expanded 90 basis points year-over-year to 32.4%, driven by higher volumes, favorable mix, and operational efficiencies [12] - Operating income for the fourth quarter increased 76% to $11.4 million, representing 7.9% of revenue [14] - Net income for the quarter more than doubled to $6.4 million, or $0.38 per diluted share [14][15] - Record operating cash flow of $56.7 million for the year, up 35% from the prior year [16] - Total debt declined to $180.4 million, with net debt down to $139.7 million, a reduction of $48.4 million year-over-year [18] Business Line Data and Key Metrics Changes - Industrial revenue increased 24% in the quarter, driven by strengthening automation demand and power quality solutions [9] - Vehicle revenue increased 35%, primarily due to increased commercial automotive shipments [9] - Medical revenue increased 9%, supported by steady demand for surgical instruments [10] - Aerospace and defense revenue declined 5%, reflecting program timing dynamics and the cancellation of the M10 Booker tank program [10] Market Data and Key Metrics Changes - 50% of revenue was generated in the U.S., with the remainder from Europe, Canada, and Asia Pacific [9] - The industrial sector remains the largest vertical, increasingly anchored by higher value applications [11] - European markets, particularly Germany, are expected to remain soft, with no growth predicted for 2026 [38] Company Strategy and Development Direction - The company aims to expand structural margins, strengthen the balance sheet, and position the portfolio around durable secular growth drivers [4] - The "Simplify to Accelerate NOW" program focuses on reducing complexity, improving throughput, and strengthening margins sustainably [6] - The company is aligning its portfolio around higher value motion controls and power solutions, serving long-term drivers of electrification, automation, and digital infrastructure [23] Management's Comments on Operating Environment and Future Outlook - Management noted improving industrial demand and a return to normalized ordering patterns after a destocking cycle [5] - The macro environment remains uneven across certain end markets, with ongoing monitoring of customer capital spending and policy considerations [22] - Confidence is derived from control over cost structure, working capital discipline, and capital allocation [23] Other Important Information - The company expects capital expenditures in the range of $10 million-$12 million for 2026, primarily supporting customer programs and growth initiatives [17] - The backlog at the end of the year was approximately $233 million, with most expected to convert within 3 to 9 months [21] Q&A Session Summary Question: What will drive growth and margin expansion in 2026? - Management indicated that both external tailwinds and internal initiatives will contribute, with a focus on long-term drivers like data center infrastructure and defense spending [28][39] Question: What are the trends seen in Q1? - Management noted that Q4's unusual growth was due to pull-ins and that some areas may see lower demand in Q1 as a result [50][52] Question: What is the status of the data center facility expansion? - The facility is on track to be fully operational by late Q2 or early Q3, which aligns well with increasing market demand [59] Question: How is the company addressing supply chain challenges related to the NDAA? - Management acknowledged ongoing work to comply with the NDAA, particularly regarding rare earth materials, and emphasized proactive steps taken to regionalize the supply chain [78][81]

South Bow (NYSE:SOBO) Q4 2025 Earnings call March 06, 2026 10:00 AM ET Speaker6Day, thank you for standing by. Welcome to the South Bow fourth quarter and year-end 2025 earnings call. At this time, all participants are in listen-only mode. After the speaker's presentation, we'll open up for questions. To ask a question during the session, you will need to press star 11 on your telephone. You'll then hear an automated message advising your hand is raised. To withdraw your question, please press star 11 again ...

Petrobras (NYSE:PBR) Q4 2025 Earnings call March 06, 2026 09:30 AM ET Company ParticipantsBruno Montanari - Executive Director of Equity ResearchClaudio Schlosser - Executive Director of Logistics, Commercialization, and MarketsEduardo de Nardi Ros - Executive Manager of Investor RelationsFernando Melgarejo - CFO and Investor Relations OfficerMagda Chambriard - CEOMonique Greco Natal - Head of Oil & Gas Equity ResearchRegis Cardoso - Partner and Head of Oil and Gas Equity ResearchRenata Baruzzi - Executive ...

Petrobras (NYSE:PBR) Q4 2025 Earnings call March 06, 2026 09:30 AM ET Company ParticipantsBruno Montanari - Executive Director of Equity ResearchClaudio Schlosser - Executive Director of Logistics, Commercialization, and MarketsEduardo de Nardi Ros - Executive Manager of Investor RelationsFernando Melgarejo - CFO and Investor Relations OfficerMagda Chambriard - CEOMonique Greco Natal - Head of Oil & Gas Equity ResearchRegis Cardoso - Partner and Head of Oil and Gas Equity ResearchRenata Baruzzi - Executive ...

Petrobras (NYSE:PBR) Q4 2025 Earnings call March 06, 2026 09:30 AM ET Speaker1Webcast for our results, the fourth Q for this year. It's a pleasure to be with you. This event will be presented in Portuguese with a simultaneous translation into English. The links to both languages can be found on our website, the Investor Relations website. I'd also like to say that all participants will be able to watch the broadcast online as listeners. After the introduction, there'll be a Q&A session as usual. You can sen ...

Information Services Group (NasdaqGM:III) Q4 2025 Earnings call March 06, 2026 09:00 AM ET Company ParticipantsDave Storms - Director of Equity ResearchJacob Mutchler - Equity Research AssociateMichael Connors - Chairman and CEOMichael Sherrick - EVP and CFOWill Thoretz - Global Leader of Corporate Communications and BrandConference Call ParticipantsGowshi Sriharan - Managing Director and Senior Investment AnalystMarc Riddick - Senior Equity AnalystVince Colicchio - Managing Director and Senior Equity Analy ...

Information Services Group (NasdaqGM:III) Q4 2025 Earnings call March 06, 2026 09:00 AM ET Speaker6Good morning, welcome to the Information Services Group fourth quarter 2025 conference call. This call is being recorded and a replay will be available on ISG's website within 24 hours. I'd like to turn the call over to Mr. Barry Holt for opening remarks and introductions. Mr. Thoritz, please go ahead.Speaker8Thank you, operator. Hello, and good morning. My name is Will Thoritz. I am Head of Corporate Communic ...