Market Signal Briefing

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, /PRNewswire/ -- Youdao (NYSE: DAO), a leading provider of intelligent solutions, today announced its unaudited financial results for the third quarter of 2025. The report indicates that, driven by its "AI-Native" Strategy, the company has maintained profitability for five consecutive quarters, with a continued strengthening of the company's financial position. Notably, AI-powered advertising services delivered exceptional performance and emerged as a new engine of growth for the company.

Q3 Financial and Operational Highlights:

Net revenue was RMB 1.6 billion (approx. US$200 million).
Operating profit reached RMB 28.3 million (approx. US$3.93 million), with operating profit for the first three quarters increasing by nearly 150% year-over-year.
Operating cash outflow narrowed by 31.7% year-over-year, reflecting ongoing improvements in operational efficiency.

Advertising Becomes Youdao's Largest Revenue Segment

In Q3 2025, advertising revenue reached a record high of RMB 0.74 billion (approx. US$101 million), representing a significant year-over-year growth of 51.1%.

Advertising revenue surpassed all other business segments for the first time, becoming the company's largest source of income. This leap was driven by the deep application of Youdao's proprietary AI technology across the entire advertising value chain:

Intelligent Creative Generation: Youdao iMagicBox integrates capabilities such as image-to-video conversion and digital human presenters, directly connecting with global advertising systems to create a "production-placement" closed-loop that enhances efficiency and optimizes costs.
AI-Driven Campaign Strategy: The AI Ad Placement Optimizer provides end-to-end decision support, from strategy development to post-campaign review, significantly improving return on investment.

Youdao Ads Supports Global Expansion

Youdao's overseas business reported strong performance in Q3 2025, with revenue growing by over 100% year-over-year. Youdao Ads continued to evolve, utilizing its powerful AI capabilities to offer an integrated solution for the company's global expansion, from influencer matching and AI-enabled content creation to precise ad placement and data analytics. The platform now connects with nearly 30 million influencers worldwide.

During the quarter, Youdao Ads introduced AI-driven and self-service enhancements to influencer (KOL) marketing. Through AI agents (AI-driven automation modules), the platform can automatically analyze customer requirements and recommend the most suitable influencers, while also generating a customized explanation for each recommendation. In addition, it provides real-time comment insights and sentiment analysis to help brands dynamically monitor campaign performance. 

In supporting NetEase Games with the international promotion of its blockbuster title Where Winds Meet, the platform deployed an integrated marketing strategy that utilized AI-powered influencer collaboration, resulting in over 500 million video views.  

Youdao's Chief Executive Officer Feng Zhou stated, "The Q3 performance validates the success of our AI-Native strategy. We will continue to deepen the innovative applications of the Confucius large model in learning and advertising scenarios. We remain confident in achieving sustained improvement in operating profit and annual operating cash-flow breakeven for the first time."

SOURCE Youdao

LONDON--(BUSINESS WIRE)---- $III #CX--ISG has named Capgemini, HCLTech and Hexaware as Client Champions, the top overall honor in the 2025 ISG Star of Excellence Awards™.

Record $128.7 Million Cash Position and Expansion into New International Markets Strengthen OMS’s Long-Term Growth Trajectory

November 21, 2025 04:00 ET

 | Source:

OMS Energy Technologies Inc.

SINGAPORE, Nov. 21, 2025 (GLOBE NEWSWIRE) -- OMS Energy Technologies Inc. (“OMS” or the “Company”) (NASDAQ: OMSE), a growth-oriented manufacturer of surface wellhead systems (“SWS”) and oil country tubular goods (“OCTG”) for the oil and gas industry, today announced its unaudited financial results for the six months ended September 30, 2025. OMS delivered robust cash generation, healthy profitability, and significant strategic progress across international markets. Revenue performance during the period reflected more normalized call-off1 orders under long-term contracts in the first half of fiscal 2026, compared with the unusually high call-off volumes in the prior-year period, amid healthy underlying demand and contract visibility.

New partnerships in Angola and Pakistan and strong performance across Indonesia, Egypt, Oman and the United Arab Emirates (UAE) broadened OMS’s global footprint and further diversified revenue. Meanwhile, the Company maintained a solid portfolio of long-term contracts, highlighted by a renewed three-year agreement with PTTEP that strengthens OMS’s leadership in Thailand. In the Indonesian market, the Company’s marketing efforts are attracting new customers, such as PT Seleraya Belida (South Sumatra) and Pertamina Hulu Sanga Sanga (East Kalimantan), and driving steady growth in sales of surface wellhead and Christmas tree products.

First Half of Fiscal Year 2026 Financial Highlights

Total revenues were $82.8 million, with first half fiscal 2026 dynamics reflecting a more normalized call-off cadence relative to the elevated volumes seen with a major client in Saudi Arabia in the prior-year period.Gross margin was 28.2%, remaining at a healthy level due to continued cost and operational discipline, despite the aforementioned unusually higher call-off volumes in the prior-year period.Operating profit was $17.9 million with 21.6% operating margin, underscoring OMS’s efficient and resilient business model, tight financial stewardship and strong supply chain management.Net cash provided by operating activities was $26.4 million, bringing the Company’s cash, cash equivalents and restricted cash to a record $128.7 million as of September 30, 2025. Mr. How Meng Hock, Chairman and Chief Executive Officer of OMS, commented, “We achieved key strategic milestones in the first half of fiscal year 2026, delivering strong operating cash flow and strengthening our balance sheet to accelerate our next phase of growth and international expansion. We also maintained healthy profit margins and secured new customer wins and contract renewals in Thailand, Pakistan and Africa amid a challenging macro environment, demonstrating our business model’s resilience and strong expansion momentum. Our active order pipeline and sizeable backlog under major long-term contracts reflect solid underlying demand. Across Thailand, Indonesia and Oman, we are seeing deep customer engagement and steady request activity that supports our long-term market position. With a record cash balance, diversified revenue streams and strengthened financial fundamentals, we’re well-positioned to propel expansion, invest in product innovation and seize high-return opportunities that enhance long-term shareholder value.”

First Half of Fiscal 2026 Financial Results

Total revenues. Total revenues were $82.8 million, compared with $129.2 million for the same period in 2025. The change was primarily attributable to exceptionally high call-off orders under long-term customer contracts in Saudi Arabia in the first half of fiscal 2025, and correspondingly a relatively high year-over-year comparison base.

Specialty connectors and pipes. Revenues from sales of specialty connectors and pipes were $51.1 million, compared with $95.7 million for the same period in 2025, primarily attributable to the aforementioned timing of call-off orders from a major customer in Saudi Arabia, partially offset by increased export sales to the United Arab Emirates and Indonesia.Surface wellhead and Christmas tree equipment. Revenues from sales of surface wellhead and Christmas tree equipment were $6.2 million, compared with $5.1 million for the same period in 2025. The increase was primarily attributable to increased order volumes from key customers in Indonesia, Egypt and Oman.Premium threading services. Revenues from the rendering of premium threading services were $18.0 million, compared with $19.3 million for the same period in 2025, mainly attributable to reduced oil and gas production in Malaysia and Singapore, partially offset by higher sales of premium threading services in Indonesia and Thailand.Other ancillary services. Revenues generated from other ancillary services were $7.5 million, compared with $9.1 million for the same period in 2025, mainly attributable to softer demand for engineering services and refurbishment services.
Cost of revenues. Cost of revenues was $59.5 million, compared with $86.1 million for the same period in 2025.

Gross profit. Gross profit was $23.3 million, compared with $43.1 million for the same period in 2025. Gross margin was 28.2%, compared with 33.3% for the same period in 2025. The changes were primarily attributable to the unusually high call-off volumes under long-term customer contracts in Saudi Arabia in the first half of fiscal 2025. OMS maintained a healthy gross margin despite the change in timing of call-off orders, reflecting continued cost discipline, operational efficiency and customer engagement.

Selling, general and administrative expenses. Selling, general and administrative expenses were $5.4 million, compared with $5.0 million for the same period in 2025. The increase was primarily due to additional post-IPO compliance costs and cybersecurity readiness initiatives.

Operating profit. Operating profit was $17.9 million, compared with $38.1 million for the same period in 2025.

Total other (expense)/income, net. Total other expense, net was $0.07 million, compared with total other income, net of $0.6 million for the same period in 2025. The change was primarily attributable to foreign exchange losses related to the adverse fluctuations of several Asian currencies against the US dollar during the first half fiscal year 2026.

Net profit. Net profit was $14.6 million, compared with $30.7 million for the same period in 2025, primarily attributable to a strong base period, driven by exceptionally high call-off volumes from a major Saudi customer in the first half of fiscal 2025. Adjusting for this, underlying demand and contract visibility remain solid.

Basic and diluted EPS. Basic and diluted earnings per share were $0.33, compared with $0.80 for the same period in 2025, attributable to the unusually high call-off volumes in the first half of fiscal 2025, and correspondingly the relatively high year-over-year comparison base. OMS’s normalized margin profile and earnings capacity remain healthy.

Balance Sheet and Cash Flow

As of September 30, 2025, the Company’s cash, cash equivalents and restricted cash totaled $128.7 million, compared with $75.8 million as of March 31, 2025. The sharp increase was primarily attributable to $26.4 million of net cash provided by operating activities for the first half of 2026, as well as net proceeds of $28.9 million raised from the initial public offering, after deducting underwriting discounts and other offering expenses.

Net cash provided by operating activities was $26.4 million, compared with $23.4 million in the same period in 2025. OMS continues to prioritize strong capital discipline, maintaining a conservative balance sheet and ample liquidity to support future investments and global expansion.

Conference Call

The Company’s management will hold an earnings conference call at 7:00 A.M. U.S. Eastern Time/8:00 P.M. Singapore Time on November 21, 2025, to discuss its financial results and operating performance for the first half of fiscal year 2026.

For participants who wish to join the conference using dial-in numbers, please complete online registration using the link provided below prior to the scheduled call start time.

Participant Online Registration:
https://register-conf.media-server.com/register/BI52568cc179f54752b56e7d2ebe9884a8

Upon registration, each participant will receive details for the conference call, including dial-in numbers and a unique access PIN. To join the conference, please dial the provided number, enter your PIN, and you will be connected to the conference.

A live and archived webcast of the conference call will also be available on the Company’s investor relations website at ir.omsos.com.

About OMS Energy Technologies Inc.

OMS Energy Technologies Inc. (NASDAQ: OMSE) is a growth-oriented manufacturer of surface wellhead systems (SWS) and oil country tubular goods (OCTG) for the oil and gas industry. Serving both onshore and offshore exploration and production operators, OMS is a trusted engineered solutions supplier across six vital jurisdictions in the Asia Pacific, Middle Eastern and North African (MENA) regions. The Company’s 11 strategically located manufacturing facilities in key markets ensure rapid response times, customized technical solutions and seamless adaptation to evolving production and logistics needs. Beyond its core SWS and OCTG offerings, OMS also provides premium threading services to maximize operational efficiency for its customers.

For more information, please visit ir.omsos.com.

Safe Harbor Statement

This press release contains statements that may constitute “forward-looking” statements which are made pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “likely to,” and similar statements. Statements that are not historical facts, including statements about the Company’s beliefs, plans, and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. Further information regarding these and other risks is included in the Company’s filings with the SEC. All information provided in this press release is as of the date of this press release, and the Company does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

For investor and media inquiries, please contact:

OMS Energy Technologies Inc.
Investor Relations
Email: [email protected]

Piacente Financial Communications
Brandi Piacente
Tel: +1-212-481-2050
Email: [email protected]

OMS ENERGY TECHNOLOGIES INC. AND ITS SUBSIDIARIES
UNAUDITED CONSOLIDATED STATEMENTS OF FINANCIAL POSITIONS                As of
September 30,
2025  As of
March 31,
2025   US$’000  US$’000 Assets      Current assets:      Cash and cash equivalents  125,986   72,950 Restricted cash, current  1,384   1,692 Trade receivables  14,613   13,467 Contract assets  447   983 Inventories  19,987   32,546 Prepayment and other current assets  5,007   1,646 Amount due from a related party  1,693   1,584 Total Current Assets  169,117   124,868        Non-current assets:      Restricted cash, non-current  1,368   1,189 Right-of-use assets  7,474   8,086 Property, plant and equipment  29,088   32,055 Intangible assets  310   42 Deferred tax assets  1,933   2,938 Prepayment and other non-current assets  2,387   1,327 Total Non-Current Assets  42,560   45,637 Total Assets  211,677   170,505        Liabilities      Current Liabilities:      Trade and other payables  17,606   15,070 Tax payable  4,877   8,200 Lease liabilities, current  1,233   1,187 Total Current Liabilities  23,716   24,457        Non-current Liabilities:      Employee benefits obligation  1,196   827 Lease liabilities, non-current  5,642   6,096 Deferred tax liabilities  3,817   4,217 Provisions  136   321 Total Non-Current Liabilities  10,791   11,461 Total Liabilities  34,507   35,918        Equity      Share capital  4   4 Share premium  101,556   72,648 Retained earnings  72,077   58,634 Accumulated other comprehensive loss  (2,764)  (2,397)Equity attributable to Shareholders of the Company  170,873   128,889 Non-controlling interests  6,297   5,698 Total equity  177,170   134,587        Total liabilities and equity  211,677   170,505  OMS ENERGY TECHNOLOGIES INC. AND ITS SUBSIDIARIES
UNAUDITED CONSOLIDATED STATEMENTS OF PROFIT OR LOSS AND OTHER
COMPREHENSIVE INCOME                For the
six months
ended
September 30,
2025  For the
six months
ended
September 30,
2024   US$’000  US$’000 Revenue  82,805   129,212 Total revenue  82,805   129,212        Cost of revenue  (59,495)  (86,126)Total cost of revenue  (59,495)  (86,126)       Gross profit  23,310   43,086        Selling, general and administrative expenses  (5,415)  (4,968)Operating profit  17,895   38,118        Other (expense)/income, net  (74)  593 Total other (expense)/income, net  (74)  593        Finance income  1,554   71 Total finance income  1,554   71        Finance cost  (170)  (122)Total finance cost  (170)  (122)       Profit before tax  19,205   38,660 Income tax expense  (4,604)  (7,951)Net profit  14,601   30,709        Other comprehensive income/(loss):      Items that will not be reclassified to profit or loss      Foreign currency translation differences  (669)  3,311 Changes resulting from actuarial remeasurement of
employee benefits obligation  (3)  (23)Other comprehensive income/(loss), net of tax  (672)  3,288 Total comprehensive income  13,929   33,997        Net profit attributable to:      Shareholders of the Company  13,840   29,353 Non-controlling interests  761   1,356 Net profit  14,601   30,709        Total comprehensive income attributable to:      Shareholders of the Company  13,473   32,148 Non-controlling interests  456   1,849 Total comprehensive income  13,929   33,997        Basic and diluted weighted-average shares outstanding  41,522,778   36,910,250 Basic and diluted earnings per share (as adjusted) (US$)  0.33   0.80  OMS ENERGY TECHNOLOGIES INC. AND ITS SUBSIDIARIES
UNAUDITED CONSOLIDATED STATEMENTS OF CASH FLOWS                For the
six months
ended
September 30,
2025  For the
six months
ended
September 30,
2024   US$’000  US$’000 Operating activities      Net profit  14,601   30,709 Adjustments for:      Income tax expenses  4,604   7,950 Depreciation of property, plant and equipment  3,188   2,027 Amortization of intangible assets  34   31 Depreciation of right-of-use assets  731   437 Loss/(gain) on disposal of property, plant and equipment  1   (135)Allowance for/(reversal of) inventories obsolescence  330   (49)Allowance for expected credit losses —   20 Finance costs  170   122 Finance income  (1,554)  (71)Loss/(gain) on unrealized foreign exchange  299   (245)       Changes in operating assets and liabilities:      Trade receivables  (1,146)  (11,316)Contract assets  536   (231)Inventories  12,228   (20,002)Prepayment and other assets  (4,481)  (1,220)Trade receivables due from related parties  (109) — Trade and other payables  2,331   19,403 Employee benefits obligation  366   49    32,129   27,479 Cash provided by operations:      Interest received  1,554   71 Income taxes paid  (7,323)  (4,191)Net cash provided by operating activities  26,360   23,359        Investing activities      Acquisition of property, plant and equipment  (605)  (1,308)Acquisition of intangible asset  (327)  (283)Amount due to a related party —   (124)Net cash used in investing activities  (932)  (1,715)       Financing activities      Net proceeds from issuance of shares  28,908  — Repayment of loans and borrowings —   (6,504)Interest paid  (170)  (122)Payment of lease liabilities  (407)  (476)Net cash provided by/(used in) financing activities  28,331   (7,102)       Effect of foreign exchange on cash, cash equivalents and restricted cash  (852)  2,730 Net increase in cash, cash equivalents and restricted cash  52,907   17,272        Cash, cash equivalents and restricted cash at beginning of period  75,831   45,430 Cash, cash equivalents and restricted cash at end of period  128,738   62,702 Less: Restricted cash, non-current  1,368   358 Less: Restricted cash, current  1,384   1,727 Cash and cash equivalents at end of period  125,986   60,617           1 A call-off contract enables a customer to order products and services when needed, using pre-agreed terms that vary from customer to customer.

The Gates Foundation Trust continues to sell down its Microsoft position.

Bill Gates, the legendary founder of Microsoft (MSFT 1.60%), retired from his day-to-day obligations at the company back in 2008. But he's still one of the biggest owners of Microsoft stock through his Gates Foundation Trust. The trust is currently worth nearly $50 billion, with Microsoft as its biggest holding.

But here's the thing: The Gates Foundation Trust has been rapidly selling its Microsoft stock. Should this create panic among Microsoft stockholders, or even artificial intelligence (AI) investors in general? Here's what you need to know.

A Microsoft data center complex in the Netherlands. Image source: Getty Images.

Stocks like Microsoft are getting pretty expensive
The stock market in general is getting pretty expensive. The S&P 500, for example, trades above 30 times earnings, roughly double its long-term average valuation. But there's a good reason for today's high stock market prices. Rarely does a worldwide opportunity form that could generate huge growth potential that could persist for decades to come.

But that's exactly the opportunity that artificial intelligence (AI) could create. Most estimates call for 30% annual growth for the AI sector through 2033 and beyond. Trillions of dollars of value will essentially be created out of thin air. The companies that create this technology will benefit, but so will the suppliers to those companies, as well as the end users who achieve cost savings and efficiency gains.

Put simply, the market is expensive for a reason. Most of the stocks that have soared in price, leading to high market-wide valuations, are related to the AI sector. Microsoft is near the top of that list. Microsoft basically sells the picks and shovels for the AI gold rush. Its Azure cloud computing division helps developers and the companies they work for train and run AI models. The more AI advances, the heavier the demand becomes for Azure's services. There's a reason Microsoft is rushing to spend $80 billion on new data center infrastructure this year alone.

Right now, Microsoft stock trades at nearly 13 times sales. And while it has achieved that valuation a few times in recent years thanks to the AI craze, the last time Microsoft stock reached this high of a price-to-sales ratio was more than two decades ago, during the dot-com bubble. The promise of AI may warrant such a high valuation, but there's no doubt that Microsoft shares are expensive versus its long-term trading history.

But before you go thinking Gates is selling shares because of the company's lofty valuation, there's one other thing you should be aware of.

Today's Change

(

-1.60

%) $

-7.78

Current Price

$

478.43

The Gates Foundation Trust has been a longtime seller of Microsoft stock
It's important to understand that Gates doesn't control the day-to-day operation of his trust, even if he is in charge at the end of the day. An external team of portfolio managers at Cascade Investments runs the show. And the trust has been a net seller of Microsoft stock for a while, selling down its position every quarter since the end of 2023. It did, however, make a massive purchase in 2022, boosting its position by nearly 40 million shares. But previous to that, the trust had continued its tradition of selling Microsoft stock nearly every quarter.

In the end, we don't know exactly what Gates thinks about Microsoft's valuation, as his trust's stock sales may have been initiated by external portfolio managers. And the trust has been a net seller of Microsoft stock for years, apart from a massive bet initiated in the middle of 2022. So while Microsoft stock may be getting expensive because of the hype around AI, investors shouldn't read too much into the actions the Gates Foundation Trust is taking.

Ryan Vanzo has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Microsoft. The Motley Fool recommends the following options: long January 2026 $395 calls on Microsoft and short January 2026 $405 calls on Microsoft. The Motley Fool has a disclosure policy.

ASOS PLC (LSE:ASC) shares, down as much as 7% in early trading, clawed back ground through the morning as analysts argued the latest numbers show a retailer that is finally putting profit back at the centre of its model.

Shore Capital’s take is that the full-year figures are “higher profits on lower sales”, a theme that has now become a deliberate strategy rather than an accident.

Revenue slipped 14% to £2.47 billion, with the US the weakest region, but that slide was well telegraphed.

ASOS has been pruning low-value, discount-driven sales and nudging shoppers towards full-price items, a shift that shows up clearly in the data: active customers fell 14%, but basket values rose 5% and gross margin jumped to 47.1%.

The main comfort for the market is operational. Adjusted EBITDA surged 64% to £131.6 million, debt dropped sharply, and a refinancing after year-end gives the group more room to breathe.

Shore Capital points to meaningful progress behind the scenes: faster own-brand production through its Test & React model, supply-chain savings of about 20%, and early signs that customer initiatives (including its ASOS World loyalty scheme) are getting traction.

UK new customers were up 10%, and the loyalty programme is thought to have passed 1.6 million members.

The broker likes the direction of travel but wants firmer evidence that engagement will stabilise the top line.

Guidance for the year ahead is steady: more gross-margin gains and EBITDA of £150–180 million.

On around four times EBITDA, Shore Capital keeps a 'buy' rating and a 400p valuation, well above this morning’s 238.5p print (down 3%).

Global investors are bracing for a battle between long and short-term wins amid a dramatic sell-off in artificial intelligence-related stocks. 

AI darling Nvidia buoyed an otherwise deflated market when it reported strong earnings after the bell on Wednesday, sending its own stock soaring and carrying related names alongside it. However, the rally quickly reversed on Thursday with Nvidia ultimately ending the trading session 3% lower.  

While the U.S. chipmaker's earnings initially appeared strong enough to quell concerns over an AI bubble, economic speculation put global investors back on the defensive as hopes dimmed of a December rate cut by the Federal Reserve. The U.K.'s hotly anticipated Autumn Budget is also expected next week.  

Asia-Pacific markets fell Friday, led by tech heavyweight SoftBank, which plunged more than 10%. European stocks followed suit with a negative open. Stateside, however, appetite may have already reversed – again – as futures rose.  

"I think the market is quite confused as to why this is happening," Ozan Ozkural, founding managing partner at Tanto Capital Partners, told CNBC's "Squawk Box Europe" on Friday.  

Market moves this year have been driven by sentiment, momentum, AI and innovation, "with sprinkles of geopolitical risk," he said. "Although we haven't got a specific reason why there has been a sell-off on the back of the strong Nvidia results, to me it's not that surprising, because [it's] only a matter of time until sentiment just shifts, because we just live in a much more uncertain world." 

watch now

There also doesn't need to be a catalyst, he added. However, the "most dangerous place we can be at" is a sustained sell-off, even if it's a slow burn, Ozkural warning, noting that this could lead portfolio managers to lock in gains and cash out.  

Asset managers are driven by compensation cycles which is why they don't like to hedge their bets, he said. "No one cares about the long term. Everyone is dead in the long term. No one even cares about the medium term. It's all about short term cycles," he said.  

"But the reality is, it's year end, people need to get paid their bonuses, and it doesn't pay to be bearish unless we see a sustained level of a sell-off."  

Investors with cash in an AI ETF or index may be cashing out due to a mixture of year-end risk management and continued concerns over an AI bubble. Those who may have made a lot of money on the back of the AI trade will probably want to step back and sell, said Stephen Yiu, investment chief at Blue Whale Growth Fund, which has a position in Nvidia.  

Fed rate cutThe last bit of big news the market is expecting is the Fed's December rate decision; investors had anticipated a cut but are now split on whether it will happen.  

The central bank opting to not cut rates is "not an issue," Yiu said, but could lead investors who had expected it to cut, to pause and recalibrate ahead of next year.  

"I think people just want to probably lock in and derisk, and take a break from [President Donald] Trump as well, who knows what Trump is going to next," he added.  

Amid the hype, it's difficult to work out the AI winners and losers, Yiu said, but he expects a differentiation between the companies investing in AI and those on the receiving end of that cash, which he called AI infrastructure. As the market shakes out, Yiu is placing his bets on the latter.  

FireFly Metals Ltd (ASX:FFM, TSX:FFM, OTC:MNXMF) earlier this week reported a 51.00% increase to the mineral resource estimate at its Green Bay project. The company said the resource now stands at just under 80.00 million tonnes at 2.20% copper equivalent. This equates to 1.70 million tonnes of copper equivalent.

The company said the update was based on 12 months of drilling conducted across its Canadian and New Zealand operations. It said 50.00 million tonnes of the resource is now classified in the measured and indicated category, while nearly 30.00 million tonnes remains inferred.

It said the inferred category includes 19.90 million tonnes grading nearly 4.00% copper equivalent. This high-grade core zone is a key focus for further drilling. Firefly Metals said the goal is to convert this inferred material into the measured and indicated category to support engineering studies planned for release between April and May 2026.

The company highlighted that copper remains the dominant metal in the updated resource. It noted an increase in gold, which serves as a by-product credit. Silver content remained largely unchanged. The company does not consider zinc or other metals to be present in significant quantities.

Firefly Metals said eight drill rigs are currently active on-site. It said work is ongoing to grow the resource further, particularly through regional testing of new gold and silver targets. It added that early signs from these programs are encouraging.

Steve Parsons, the company’s managing director, said: “For us now, it’s really about converting that high-grade material into in my category, ready for a study work to come out in sort of April-May time next year.”

He said the resource continues to grow in line with previous copper-to-gold ratios and added that new targets could be confirmed in the coming months.

Proactive:

Firefly Metals’ Green Bay project is on track to be one of the most compelling copper development projects in the world. How so? All the details on this are with the company’s Managing Director, Steve Parsons. Steve, it’s good to see you. How are you?

Steve Parsons:

Yeah, good to see you again. Going well today!

Proactive:

Definitely going well with this release. Investors are quite happy. We’re talking about a mineral resource that’s increased by 51% to 1.4 million tonnes of copper and 1.1 million ounces of gold. What more can you tell us?

Steve Parsons:

Yeah. So today’s a really big increase for us. It’s 12 months of drilling, which the team has done an amazing job on over in New Zealand and Canada. It’s a 51% increase in that 12 months of drilling. We’ve taken the resource to just under 80 million tonnes, now at a really impressive 2.2% copper equivalent grade — for 1.7 million tonnes of copper equivalent. So, a big upgrade for us today.

Proactive:

Steve, you’ve said to the market earlier this morning that you’re set to maintain your relentless push to create shareholder value. Of course, there are eight rigs on the job in the hopes to upgrade more of the inferred mineral resources into measured and indicated. How much bigger could Green Bay grow as more results start to come through?

Steve Parsons:

Yeah, great question. Look, one of the key things we’ve done for the last 12 months is really focus on increasing that measured and indicated category. So now we’re up to 50 million tonnes in the M&I category, which is the basis for engineering study work. However, there’s still just under 30 million tonnes in the inferred category. This includes some of the highest-grade material that we’ve seen on the property recently.

The high-grade core zone is 19.9 million tonnes at nearly 4% copper equivalent. A lot of this is still in the inferred category. So for us now, it’s really about converting that high-grade material into the M&I category, ready for study work to come out around April–May next year.

Proactive:

Steve, copper remains the dominant metal in the MRE. There’s obviously gold as well, forming an important by-product, and some silver that’s also present in some significant quantities. Could the tallies play up or change in the weeks to come as more results come out?

Steve Parsons:

Another great question. You’ll see in this resource update, we are a copper orebody with a gold credit. The gold has actually increased in this update, which is fantastic. Silver has stayed about the same. We don’t have any zinc or anything like that — or very, very small amounts. It’s a copper orebody with a gold credit.

You’ll continue to see the resource grow, probably at the same sort of ratios of copper to gold. As you said, we do have two rigs turning on regional testing. There are a number of gold and silver targets there. So with a little bit of luck over the next few months, hopefully we might see some nice and interesting gold targets come out. But Green Bay is very much a copper project, with a gold credit and a bit of silver there as well.

Proactive:

Firefly’s Managing Director Steve Parsons, always good to see you and we’ll look forward to having more updates from you in the next few weeks.

Steve Parsons:

Thanks very much for having me.

Tullow Oil PLC (LSE:TLW) reported average group production of about 40,700 boepd to the end of October as it issued a trading update.

The company said output was in line with expectations after completing the sale of its Kenya and Gabon interests earlier in the year.

Chief executive Ian Perks said the company is focused on operational improvements and long-term financial stability, whilst noting challenges that remain.

"Since joining as CEO in September I have been impressed by the calibre of our team and the quality of our assets. Our near-term priority remains to put Tullow on a long-term sustainable financial footing. To achieve this, we are focused on maximising operational efficiency in Ghana, cost optimisation, and refinancing the Group's capital structure,"

Perks added: "We continue to face challenges related to the natural decline in our existing well stock and are focused on exploring all options to help mitigate this.

"Looking ahead into 2026 we will look to optimise production through management of the decline and the additional production from new wells."

The company said the Jubilee operation averaged about 61,000 bopd, with drilling activity resuming in November. It said it continues to work with Ghanaian authorities on licence extensions for Jubilee and TEN to 2040 and noted delays in receiving more than $200 million in receivables due from the government.

The artificial intelligence stock has struggled this year despite considerable hype in the tech sector.

Voice artificial intelligence (AI) company SoundHound AI (SOUN 2.88%) hasn't been doing well this year despite its focus on the red-hot opportunities within AI. Entering trading this week, the stock has fallen around 40%, which may be surprising given how well many other AI stocks have done.

However, after posting impressive growth in its most recent quarter, it may attract more attention from growth investors. With a market capitalization of around $5 billion, this AI stock may appear to be loaded with potential, especially if its growth remains strong.

Is SoundHound AI an underrated stock to own right now? Let's take a closer look.

Image source: Getty Images.

Revenue rises, but expenses explode
SoundHound's revenue came in at just over $42 million for the period ending Sept. 30, which was an incredibly impressive 68% improvement from the prior-year period when its revenue was $25.1 million. Through acquisitions, the company has diversified its operations to include more industries and sectors, and that has enabled it to significantly grow its top line. A particularly notable acquisition was its purchase of Amelia last year, an AI company with contracts in multiple sectors, including finance, insurance, retail, and healthcare.

However, it hasn't led to stronger earnings overall. The company's net loss for the quarter totaled a whopping $109.3 million, which was more than five times the $21.8 million it reported in the same period a year ago. The company's high cost structure and a significant increase in the fair value of contingent liabilities more than offset the impressive increase in sales.

By diversifying its operations, the company's gross margins have also worsened. Last quarter, SoundHound's gross profit margin was 42.6% versus 48.6% a year ago. A decline in margins can make it more difficult for the company to turn a profit, and it's something investors should watch out for in future earnings reports.

Today's Change

(

-2.88

%) $

-0.34

Current Price

$

11.29

SoundHound's cash burn remains high
Often, when it comes to growth stocks, the statement of cash flow is more useful for investors. Its focus on cash flow can provide investors with a more meaningful picture of how a company is doing and whether its operations are sustainable.

Over the past nine months, SoundHound has spent $76.3 million on its day-to-day operating activities, which is slightly higher than the $75.8 million it spent during the same period last year. Cash flow can fluctuate, but this is not a good sign for SoundHound. Despite its strong revenue growth, the company doesn't appear to be getting any closer to generating positive cash flow from its operations.

While its cash and cash equivalents balance of 268.9 million suggests that it shouldn't run out of resources anytime soon, more stock offerings and dilution could be on the horizon for SoundHound investors. The stock has already been a fairly dilutive investment to own in recent years. That can put downward pressure on the stock price, resulting in worse returns for investors.

SOUN Shares Outstanding data by YCharts.

SoundHound's growth is impressive, but it comes with an asterisk
The company says the main reason for the revenue growth this past quarter was primarily due to acquisitions. That can give investors a misleading picture of just how well it is doing organically, which is a much more reliable way to gauge growth.

Investors should tread carefully with SoundHound, as its headline numbers may appear impressive, but they don't tell the whole story. Until the company can show that it can grow organically and also improve its cash flow and overall earnings, I'd avoid the stock, as it's likely to remain a volatile investment.

New York, NY,, Nov. 21, 2025 (GLOBE NEWSWIRE) -- HelloTrade, a new blockchain-powered trading platform founded by former BlackRock crypto directors Wyatt Raich and Kevin Tang, announced that it has closed a $4.6M seed round led by Dragonfly Capital. The round came together in under a week, reflecting strong conviction in the size of the market opportunity and the team’s track record building category-defining products. At BlackRock, Kevin and Wyatt launched the firm’s spot Bitcoin ETF, the fastest ETF in history to reach $100B in assets.

For decades, access to the world’s capital markets and leveraged equity trading has been constrained by geography, high capital requirements, complex derivatives, and legacy brokerage systems. These barriers have made obtaining directional exposure and leverage to global equities challenging for retail and professional investors.

HelloTrade aims to change that. Built on MegaETH, the platform will let users everywhere gain leveraged exposure to stocks, ETFs, commodities, and crypto. The app is designed for everyday investors with a mobile first experience, removing the usual points of friction that come with crypto trading. There is no wallet setup, no gas payments, and no technical jargon. Users simply open the app and trade with the speed of a traditional brokerage platform, enabled by MegaETH’s ability to process more than one hundred thousand transactions per second.

“Trading stocks with leverage shouldn’t be gated by geography or account minimums,” said co-founder Kevin Tang. “We’ve now seen how crypto derivatives transformed access to digital assets. HelloTrade applies that same ethos to traditional equities, making it possible for investors around the world to participate in the world’s most dynamic markets”.

The company is supported by a strong group of advisors, including Arthur Hayes (Maelstrom), Josh Lim (FalconX), David C. (LeadBlock Partners & LeadBlock Bitpanda Ventures), Larry Florio (Ethena), and Andrew Saunders (Amazon). 

“While leading the engineering team for BlackRock’s Digital Assets Lab, I had the privilege of building IBIT, ETHA, and BUIDL, some of the largest cryptoasset products in the world. That experience highlighted a tremendous opportunity to bring the same trust, discipline, and institutional standards we upheld at BlackRock to the rest of the world and build something truly transformative with HelloTrade,” said co-founder Wyatt Raich, and prior head of digital assets engineering at BlackRock. 

About HelloTrade
Kevin and Wyatt first crossed paths at BlackRock as foundational team members in the firm’s digital assets division. Despite their different backgrounds-Kevin as a financial services veteran with over 12-years experience, and Wyatt coming from a career in AI and robotics at Lockheed Martin-the two shared a conviction that blockchain technology could transform capital markets and investing. HelloTrade is expected to launch in the form of a mobile app across both iOS and Android. For early access, a waitlist is currently live at hello.trade.

Disclaimer: The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. Investing involves risk, including the potential loss of capital. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities. Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release.

November 21, 2025 3:02 AM EST | Source: Makenita Resources Inc.
Vancouver, British Columbia--(Newsfile Corp. - November 21, 2025) - Makenita Resources Inc. (CSE: KENY) (OTCID: KENYF) (WKN: A40X6P) is pleased to announce, further to its news release on November 13, 2025, the closing of an option agreement with an arm's length vendor (the "Vendor") to acquire the "Sisson West Tungsten Project" in New Brunswick and the "NTX Rare Earth Project" in Quebec (the "Properties"). The "Sisson West Tungsten Project" consists of approximately 4,000 contiguous acres prospective for Tungsten which directly borders the Sisson Tungsten Mine in New Brunswick and the "NTX Rare Earth Project" in Quebec consists of approx. 9000 acres prospective for rare earths. Management cautions that past results or discoveries on properties near Makenita's may not necessarily indicate mineralization on the company's property.

Jason Gigliotti, President of Makenita Resources Inc stated, "We are pleased to close on both of these exciting new projects. Rare earths have been thrust in the global spotlight in the past few months so the timing for this new acquisition is ideal. Also, Prime Minister Mark Carney has just made the "Sisson Tungsten Mine" a "Nation Building Project" and Makenita's new project directly borders this mine (figure 1). We anticipate being active on these claims in the short term and with only 33 million shares outstanding the structure is intact for immediate and future growth."

Pursuant to the terms of the option agreement, the Company shall have the exclusive right and option to earn a 100% interest in the Properties from the Vendor in consideration for the issuance of a total of 3,000,000 common shares at a deemed price of $0.06 per share, the issuance of 1,500,000 transferrable warrants exercisable at a price of $0.08 per share for a period of three years from the issuance date, and by making cash payment in the amount of $30,000 as set out below:

To pay $30,000, issue 2,000,000 common shares in the capital of the Company, and issue 1,000,000 warrants to the Vendor within seven (7) business days of signing the option agreement;

To issue 500,000 common shares in the capital of the Company and issue 500,000 to the Vendor within four (4) months of signing the option agreement; and

To issue 500,000 common shares in the capital of the Company to the Vendor within eight (8) months of signing the option agreement.

All shares and warrants issued will have a standard hold period of four months plus a day.

Qualified person for mining disclosure:

The technical contents of this release were reviewed and approved by Frank Bain, PGeo, a qualified person as defined by National Instrument 43-101.

The CSE has neither approved nor disapproved of the contents of this press release.

Forward-Looking Statements

Certain information in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties. Forward-looking statements are often identified by terms such as "will", "may", "should", "anticipate", "expects" and similar expressions. All statements other than statements of historical fact included in this news release are forward-looking statements that involve risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of Makenita. The reader is cautioned not to place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release and Makenita disclaims any intention or obligation to update or revise such information, except as required by applicable law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/275416

VANCOUVER, BC / ACCESS Newswire / November 21, 2025 / Battery X Metals Inc. (CSE:BATX)(OTCQB:BATXF)(FSE:5YW0, WKN:A41RJF) ("Battery X Metals" or the "Company") an energy transition resource exploration and technology company, announces that it has engaged bullVestor Medien GmbH ("bullVestor") to provide marketing services for a period of three (3) months (the "Term"), commencing on November 21, 2025. bullVestor is arm's length to the Company.

OpenAI just locked in a heavyweight manufacturing partner for its next phase of AI sprawl: Foxconn.

The world’s biggest electronics contractor, known for assembling iPhones and building Nvidia’s hottest AI servers, will co-design and build the physical backbone of OpenAI’s data centres in the U.S.

Under the new partnership, Foxconn will produce racks, cabling, networking hardware and power systems out of its US factories, giving OpenAI early access to evaluate and potentially buy the gear.

No money is changing hands yet and there are no purchase guarantees, but the move signals how urgently OpenAI wants to shore up domestic infrastructure as its model sizes (and energy demands) balloon.

For Foxconn, it is another step in a push to diversify beyond smartphones, following incursions into electric vehicles and cloud hardware. AI has become one of its strongest growth engines, lifting profits and sending its stock up 25% this year.

OpenAI, meanwhile, is promising a moon-shot scale build-out: $1.4 trillion for compute, chips and physical data-centre spines.

It is already tied into multi-billion-dollar alliances with Nvidia, AMD and Broadcom. Investors worry about the burn rate; Sam Altman insists annualised revenue will top $20 billion this year and reach “hundreds of billions” by 2030.

If AI is the new industrial revolution, this deal shows who will bolt it together.

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, /PRNewswire/ -- The DJS Law Group announces that it is investigating claims on behalf of investors of Stride, Inc. ("Stride" or "the Company") (NYSE: LRN) for violations of the securities laws.

INVESTIGATION DETAILS: The investigation focuses on whether the Company issued misleading statements and/or failed to disclose information pertinent to investors. On October 28, 2025, Stride reported its Q1 financial results which beat estimates. However, investors were disappointed by the Company's forecasts for both Q2 and the full year. Based on this news, shares of Stride fell by more than 38% in after hours trading on October 28, 2025.

If you are a shareholder who suffered a loss, contact us to participate.

WHY DJS LAW GROUP? DJS Law Group's primary focus is to enhance investor return through balanced counseling and aggressive advocacy. We specialize in securities class actions, corporate governance litigation, and domestic/international M&A appraisals. Our clients are some of the largest and most sophisticated hedge funds and alternative asset managers in the world. The litigation claims of our clients are extraordinarily valuable assets that demand respect, focus, and results.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.

CONTACT:

David J. Schwartz

DJS Law Group

274 White Plains Road, Suite 1

Eastchester, NY 10709

Phone: 914-206-9742

Email: [email protected]

SOURCE The Schall Law Firm

Also from this source

, /PRNewswire/ -- The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Jayud Global Logistics Limited ("Jayud" or "the Company") (NASDAQ: JYD) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.

Investors who purchased the Company's securities between April 21, 2023 and April 30, 2025, inclusive (the "Class Period"), are encouraged to contact the firm before January 20, 2026.

If you are a shareholder who suffered a loss, click here to participate.

We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at [email protected].

The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.

According to the Complaint, the Company made false and misleading statements to the market. Jayud benefited from a fraudulent stock promotion scheme involving impersonated financial professionals and misinformation spread on social media. The Company, insiders, and affiliates used offshore accounts in a scheme to dump shares when the price was inflated. Based on these facts, the Company's public statements were false and materially misleading throughout the class period. When the market learned the truth about Jayud, investors suffered damages.

Join the case to recover your losses

The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.

CONTACT:

The Schall Law Firm
Brian Schall, Esq.,
www.schallfirm.com
Office: 310-301-3335
[email protected]

SOURCE The Schall Law Firm

Vanda Pharmaceuticals stands at a pivotal point, leveraging strong Fanapt growth and a robust late-stage pipeline for future expansion. VNDA's aggressive investment in commercial infrastructure has driven 31% Fanapt sales growth, but resulted in higher cash burn and quarterly losses. Key regulatory catalysts loom with PDUFA dates for Bysanti and tradipitant, and tradipitant's GLP-1 adjunct potential offers significant upside.

, /PRNewswire/ -- The Schall Law Firm, a national shareholder rights litigation firm, announces the filing of a class action lawsuit against Firefly Aerospace Inc. ("Firefly" or "the Company") (NASDAQ: FLY) for violations of the federal securities laws.

Investors who purchased the Company's securities pursuant and/or traceable to the Company's Offering Documents issued in connection with its initial public offering ("IPO") conducted on August 7, 2025, and/or between August 7, 2025 and September 29, 2025, both dates inclusive (the "Class Period"), are encouraged to contact the firm before January 12, 2026.       

If you are a shareholder who suffered a loss, click here to participate.

We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at [email protected].

The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.

According to the Complaint, the Company made false and misleading statements to the market. Firefly overstated the growth potential and demand for its Spacecraft Solutions business. The Company overstated the commercial viability of its Alpha rocket program. Based on these facts, the Company's public statements were false and materially misleading throughout the IPO period. When the market learned the truth about Firefly, investors suffered damages.

Join the case to recover your losses.

The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.

CONTACT:

The Schall Law Firm
Brian Schall, Esq.,
www.schallfirm.com
Office: 310-301-3335
[email protected]

SOURCE The Schall Law Firm

, /PRNewswire/ -- The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against CarMax, Inc. ("CarMax" or "the Company") (NYSE: KMX) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.

Investors who purchased the Company's securities between June 20, 2025 and September 24, 2025, inclusive (the "Class Period"), are encouraged to contact the firm before January 2, 2026.

If you are a shareholder who suffered a loss, click here to participate.

We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at [email protected].

The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.

According to the Complaint, the Company made false and misleading statements to the market. Carmax overstated its growth prospects when the reality of the growth it enjoyed early in fiscal year 2026 was driven by customer speculation about tariffs on vehicles. Based on these facts, the Company's public statements were false and materially misleading throughout the class period. When the market learned the truth about CarMax, investors suffered damages.

Join the case to recover your losses

The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.          

CONTACT:

The Schall Law Firm
Brian Schall, Esq.,
www.schallfirm.com
Office: 310-301-3335
[email protected]

SOURCE The Schall Law Firm

November 21, 2025 02:00 ET

 | Source:

Okeanis Eco Tankers Corp

ATHENS, Greece, Nov. 21, 2025 (GLOBE NEWSWIRE) -- Reference is made to the stock exchange release by Okeanis Eco Tankers Corp. (the “Company”, OSE ticker code: “OET”, NYSE ticker code: “ECO”) on 19 November 2025 regarding the successful offering of 3,239,436 new common shares (the “Offer Shares”) of the Company at a price of USD 35.50 per Offer Share, raising gross proceeds of approximately USD 115 million (the “Offering”).

The Company has issued the Offer Shares in The Depository Trust Company (the "DTC") in the United States and such shares will be available for trading on the New York Stock Exchange on or around 21 November 2025. The Offer Shares may also be transferred from DTC to Euronext Securities Oslo (the "VPS") in accordance with the customary arrangements for transfers of the Company’s common shares between DTC and VPS and be traded on Euronext Oslo Børs. Following issuance of the Offer Shares, the Company has 36,129,436 common shares issued, of which 35,433,544 common shares are deemed outstanding (there are 695,892 common shares held in treasury), each with a par value of USD 0.001.

Because the Offer Shares have been issued prior to the 2 December 2025 record date of the previously announced cash dividend of USD 0.75 per common share, the Offer Shares issued in the Offering are entitled to receive this dividend, and the total dividend amount to be paid by the Company will be increased accordingly.

Fearnley Securities AS acted as global coordinator and joint bookrunner, and Clarksons Securities AS acted as joint bookrunner, for the Offering (collectively referred to as the “Managers”). Advokatfirmaet BAHR AS acted as Norwegian legal counsel, and Watson Farley & Williams LLP acted as US legal counsel, to the Company. Advokatfirmaet Thommessen AS acted as Norwegian legal counsel, and Seward & Kissel LLP acted as US legal counsel, to the Managers.

The Offer Shares were sold pursuant to a shelf registration statement on Form F-3 (File No. 333- 287032), previously filed with the Securities and Exchange Commission (the “SEC”) on 7 May 2025 and declared effective on 21 May 2025. The Offering was made only by means of a prospectus, including a prospectus supplement prepared specifically in relation to the Offering and filed under Rule 424(b) under the U.S. Securities Act of 1933, forming a part of the effective registration statement. A final prospectus supplement and accompanying prospectus relating to the securities described above were filed with the SEC on 20 November 2025. Copies of the prospectus supplement and the accompanying prospectus relating to Offering may be obtained at www.sec.gov. A written prospectus may also be obtained by contacting Fearnley Securities AS at [email protected] or Clarksons Securities AS at [email protected].

Contacts

Company:

Iraklis Sbarounis, CFO
Tel: +30 210 480 4200
[email protected]

Investor Relations / Media Contact:

Nicolas Bornozis, President
Capital Link, Inc.
230 Park Avenue, Suite 1540, New York, N.Y. 10169
Tel: +1 (212) 661-7566
[email protected]

About OET

OET is a leading international tanker company providing seaborne transportation of crude oil and refined products. The Company was incorporated on April 30, 2018 under the laws of the Republic of the Marshall Islands and is listed on Oslo Stock Exchange under the symbol OET and the New York Stock Exchange under the symbol ECO. The sailing fleet consists of six modern scrubber-fitted Suezmax tankers and eight modern scrubber-fitted VLCC tankers. 

This information is subject to disclosure under the Norwegian Securities Trading Act, Section 5-12.

This announcement shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or jurisdiction.

The distribution of this announcement into jurisdictions other than Norway may be restricted by law. Persons into whose possession this announcement comes should inform themselves about and observe any such restrictions. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction. This announcement has not been approved by any regulatory authority.

Forward-Looking Statements

This communication contains “forward-looking statements”, including as defined under applicable laws, such as the US Private Securities Litigation Reform Act of 1995. Forward-looking statements provide the Company’s current expectations or forecasts of future events. Forward-looking statements include statements about the Company’s expectations, beliefs, plans, objectives, intentions, assumptions and other statements that are not historical facts or that are not present facts or conditions. Words or phrases such as “anticipate,” “believe,” “continue,” “estimate,” “expect,” “hope,” “intend,” “may,” “ongoing,” “plan,” “potential,” “predict,” “project,” “should,” “will” or similar words or phrases, or the negatives of those words or phrases, may identify forward-looking statements, but the absence of these words does not necessarily mean that a statement is not forward-looking. Forward-looking statements are subject to known and unknown risks and uncertainties and are based on potentially inaccurate assumptions that could cause actual results to differ materially from those expected or implied by the forward-looking statements. The Company’s actual results could differ materially from those anticipated in forward-looking statements for many reasons, including as described in the Company’s filings with the SEC. Accordingly, you should not unduly rely on these forward-looking statements, which speak only as of the date of this communication. Factors that could cause actual results to differ materially include, but are not limited to, the Company’s operating or financial results; the Company’s liquidity, including its ability to service its indebtedness; competitive factors in the market in which the Company operates; shipping industry trends, including charter rates, vessel values and factors affecting vessel supply and demand; future, pending or recent acquisitions and dispositions, business strategy, areas of possible expansion or contraction, and expected capital spending or operating expenses; risks associated with operations; broader market impacts arising from war (or threatened war) or international hostilities; risks associated with pandemics, including effects on demand for oil and other products transported by tankers and the transportation thereof; and other factors listed from time to time in the Company’s filings with the SEC. Except to the extent required by law, the Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company’s expectations with respect thereto or any change in events, conditions, or circumstances on which any statement is based. You should, however, review the factors and risks the Company describes in the reports it files and furnishes from time to time with the SEC, which can be obtained free of charge on the SEC’s website at www.sec.gov.

, /PRNewswire/ -- The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Stride, Inc. ("Stride" or "the Company") (NYSE: LRN) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.

Investors who purchased the Company's securities between October 22, 2024 and October 28, 2025, inclusive (the "Class Period"), are encouraged to contact the firm before January 12, 2026.

If you are a shareholder who suffered a loss, click here to participate.

We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at [email protected].

The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.

According to the Complaint, the Company made false and misleading statements to the market. Stride inflated its enrollment numbers through the utilization of "ghost students." The Company assigned teach caseloads beyond statutory limits to lower its staffing costs. The Company failed to follow compliance requirements such as background checks. The Company suppressed whistleblower reports on directives to improperly improve profit margins. Based on these facts, the Company's public statements were false and materially misleading throughout the class period. When the market learned the truth about Stride, investors suffered damages.

Join the case to recover your losses

The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.          

CONTACT:

The Schall Law Firm
Brian Schall, Esq.,
www.schallfirm.com
Office: 310-301-3335
[email protected]

SOURCE The Schall Law Firm

SummaryU.S. small-cap equities surged following signals that the Federal Reserve would reverse its tightening cycle, leading broader market gains.Structured for investors seeking both income and growth, SCAP pursues a strategy that blends dividend yield potential with small-cap exposure.Unlike traditional income funds that rely on large-cap, stable dividend payers, SCAP intentionally ventures into smaller, often overlooked companies. syahrir maulana/iStock via Getty Images

Market activity in recent months has underscored a renewed appetite for risk. U.S. small-cap equities surged following signals that the Federal Reserve would reverse its tightening cycle, leading broader market gains¹. Measures of institutional sentiment, such as the State

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, /PRNewswire/ -- The DJS Law Group reminds investors of a class action lawsuit against  CarMax, Inc. ("CarMax " or "the Company") (NYSE: KMX ) violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.

Shareholders who purchased shares of KMX during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointments. Appointment as lead plaintiff is not required to partake in any recovery.

CLASS PERIOD:  June 20, 2025 to September 24, 2025
DEADLINE: January 2, 2026

CASE DETAILS: According to the Complaint, the Company made false and misleading statements to the market. Carmax presented overly optimistic growth prospects when its growth in the recent past was driven by customers speculating about the impact of tariffs on vehicle purchases. Based on these facts, CarMax's public statements were false and materially misleading throughout the class period.

If you are a shareholder who suffered a loss, contact us to participate.

NEXT STEPS FOR SHAREHOLDERS: Once you register as a shareholder who purchased shares during the timeframe listed above, you will be enrolled in a portfolio monitoring software to provide you with status updates throughout the lifecycle of the case. There is no cost or obligation to you to participate in this case.

WHY DJS LAW GROUP?  DJS Law Group's primary focus is to enhance investor return through balanced counseling and aggressive advocacy. We specialize in securities class actions, corporate governance litigation, and domestic/international M&A appraisals. Our clients are some of the largest and most sophisticated hedge funds and alternative asset managers in the world. The litigation claims of our clients are extraordinarily valuable assets that demand respect, focus, and results.

Join the case to recover your losses.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.

CONTACT:
David J. Schwartz
DJS Law Group
274 White Plains Road, Suite 1
 Eastchester, NY 10709
Phone: 914-206-9742
Email: [email protected]

SOURCE DJS Law Group LLP

, /PRNewswire/ -- The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Beyond Meat, Inc. ("Beyond Meat" or "the Company") (NASDAQ: BYND) for violations of the securities laws.

The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Beyond Meat announced on October 24, 2025, that it "expects to record a non-cash impairment charge for the three months ended September 27, 2025, related to certain of its long-lived assets," adding that this charge is "expected to be material." Based on this news, shares of Beyond Meat fell by about 23% on the same day. The Company then delayed its Q3 2025 earnings announcement on November 3, 2025, causing a further drop in shares.

If you are a shareholder who suffered a loss, click here to participate.

We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at [email protected].

The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.

CONTACT:

The Schall Law Firm 
Brian Schall, Esq.
310-301-3335
[email protected]
www.schallfirm.com

SOURCE The Schall Law Firm

, /PRNewswire/ -- The DJS Law Group reminds investors of a class action lawsuit against  Synopsys, Inc. ("Synopsys " or "the Company") (NASDAQ: SNPS ) violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.

Shareholders who purchased shares of SNPS during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointments. Appointment as lead plaintiff is not required to partake in any recovery.

CLASS PERIOD:  December 4, 2024 to September 9, 2025
DEADLINE: December 30, 2025

CASE DETAILS: According to the Complaint, the Company made false and misleading statements to the market. Synopsys increased its focus on artificial intelligence customers at the expense of its Design IP Business. Based on the Company's focus on AI, "certain road map and resource decisions" were not likely to "yield their intended results." Based on these facts, Synopsys' public statements were false and materially misleading throughout the class period.

If you are a shareholder who suffered a loss, contact us to participate.

NEXT STEPS FOR SHAREHOLDERS: Once you register as a shareholder who purchased shares during the timeframe listed above, you will be enrolled in a portfolio monitoring software to provide you with status updates throughout the lifecycle of the case. There is no cost or obligation to you to participate in this case.

WHY DJS LAW GROUP?  DJS Law Group's primary focus is to enhance investor return through balanced counseling and aggressive advocacy. We specialize in securities class actions, corporate governance litigation, and domestic/international M&A appraisals. Our clients are some of the largest and most sophisticated hedge funds and alternative asset managers in the world. The litigation claims of our clients are extraordinarily valuable assets that demand respect, focus, and results.

Join the case to recover your losses.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.

CONTACT:
David J. Schwartz
DJS Law Group
274 White Plains Road, Suite 1
 Eastchester, NY 10709
Phone: 914-206-9742
Email: [email protected]

SOURCE DJS Law Group LLP