Market Signal Briefing

NEW YORK, Nov. 18, 2025 (GLOBE NEWSWIRE) -- Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary duties to shareholders relating to:

Repare Therapeutics Inc. (NASDAQ: RPTX)’s sale to XenoTherapeutics, Inc. Upon closing of the proposed transaction, it is estimated that each Repare shareholder will receive a cash payment of $1.82 per share, plus one non-transferable contingent value right entitling the holder to receive certain cash payments under certain conditions. If you are a Repare shareholder, click here to learn more about your rights and options.

Sealed Air Corporation (NYSE: SEE)’s sale to funds affiliated with CD&R for $42.15 in cash per share. If you are a Sealed Air shareholder, click here to learn more about your rights and options.

Halper Sadeh LLC may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits on behalf of shareholders. We would handle the action on a contingent fee basis, whereby you would not be responsible for out-of-pocket payment of our legal fees or expenses.

Shareholders are encouraged to contact the firm free of charge to discuss their legal rights and options. Please call Daniel Sadeh or Zachary Halper at (212) 763-0060 or email [email protected] or [email protected].

Halper Sadeh LLC represents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors.

Attorney Advertising. Prior results do not guarantee a similar outcome.

Contact Information:
Halper Sadeh LLC
Daniel Sadeh, Esq.
Zachary Halper, Esq.
One World Trade Center
85th Floor
New York, NY 10007
(212) 763-0060
[email protected]
[email protected] 
https://www.halpersadeh.com

Analyst’s Disclosure:I/we have a beneficial long position in the shares of TOST either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Kikoff Logo

EFX logo

Kikoff's One Million-Plus Members will be Equipped to Achieve their
Personalized Credit Score Goals and Advance their Financial Health

, /PRNewswire/ -- Equifax® (NYSE: EFX) and Kikoff, a personal finance platform that expands access to credit and financial services, today announced that Optimal Path™, the interactive score planner introduced by Equifax earlier this year, will be integrated into the Kikoff platform and rolled out to Kikoff's community of over one million customers.

Leveraging the power of The Equifax Cloud™ and patented EFX.AI capabilities, Optimal Path will integrate with each Kikoff member's current Equifax credit profile, to deliver personalized, actionable credit score plans that include specific tasks members can execute over time to help reach their target VantageScore® 3.0 score.

"Equifax understands that every consumer's financial situation is unique, and Optimal Path was created in direct response to that," said Felipe Castillo, Chief Product Officer for U.S. Information Solutions at Equifax. "Our Purpose is to help people live their financial best, and we are always striving to create solutions that ultimately empower consumer financial well-being. Kikoff saw the value that Optimal Path could bring to its members, turning individual credit data into clear, actionable guidance, no matter where they are on their financial journey."

Kikoff is an AI-powered personal finance platform on a mission to make financial security possible for everyone, no matter where they're starting from. Through its suite of radically affordable and effective tools, Kikoff helps millions of members build credit, reduce costs, and take meaningful control of their financial futures.

Optimal Path will enable Kikoff members with the ability to set their credit score goal and identify specific action steps necessary to meet that goal. Recommendations evolve as consumers take action, and members can visualize how the steps they've taken have helped them get closer to their goal. Recommendations are informed not just by the current credit file, but by EFX.AI-driven insights from similar consumers who achieved comparable score objectives.

"Kikoff and Equifax both strive to empower individuals along their financial journey and the integration of Optimal Path into our platform is a testament to that," said Cynthia Chen, Founder and CEO of Kikoff. "Optimal Path offers deeply personalized plans that encourage more engagement and financial improvement vs. generic credit-building tools. No matter what a member's current financial situation is, Optimal Path is a true differentiator that can help our members make smarter financial decisions that will enable them to progress faster, advancing their overall financial health."

Optimal Path will be rolled out in phases to Kikoff members of all tiers, delivering:

Personalized Goal Setting: Kikoff members can set their desired credit score goal as well as a timeframe of three months to one year to reach that goal. Understanding that plans change, goals and timeframes can be easily adjusted by the user.
AI-Powered, Specific Recommendations: Advanced AI analytics are used to analyze each user's credit profile and recommend specific tasks – such as reducing past due amounts or lowering credit utilization – the person can perform each month to help achieve personal goals.
Estimated Score Impact: Each task presented shows the potential positive impact on the user's VantageScore 3.0 credit score. The potential positive impact is estimated based on the user completing all tasks relating to the same credit factor.
Weekly Updates: Optimal Path provides weekly progress updates on the user's current VantageScore 3.0 credit score and performance metrics. New tasks are generated monthly, ensuring the plan stays aligned with the user's goals. Updates continue until the plan reaches the end date set by the consumer.
Kikoff has been an Equifax customer since 2019, presenting weekly Equifax credit reports, which includes each individual's VantageScore 3.0 credit score, to their members. The integration of Optimal Path from Equifax into the Kikoff platform represents an expansion of the relationship between the organizations. This integration is part of Kikoff's broader mission to empower financial security through radically affordable, effective solutions.

Learn more about how Optimal Path helps consumers meet their credit score goals.

ABOUT EQUIFAX INC.
At Equifax (NYSE: EFX), we believe knowledge drives progress. As a global data, analytics, and technology company, we play an essential role in the global economy by helping financial institutions, companies, employers, and government agencies make critical decisions with greater confidence. Our unique blend of differentiated data, analytics, and cloud technology drives insights to power decisions to move people forward. Headquartered in Atlanta and supported by nearly 15,000 employees worldwide, Equifax operates or has investments in 24 countries in North America, Central and South America, Europe, and the Asia Pacific region. For more information, visit Equifax.com.

ABOUT KIKOFF
Kikoff is a personal finance platform on a mission to make financial security accessible to everyone. Through simple, radically affordable products powered by technology and AI, Kikoff helps people build credit, lower debt, and move toward lasting financial stability. To date, more than one million people have increased their credit scores by over 80 million points. Kikoff's growing suite of products also helps users reduce debt, save money, access liquidity, and unlock greater financial opportunity. Learn more at Kikoff.com or by downloading the Kikoff app.

FOR MORE INFORMATION: 
Alexandra Packey for Equifax
[email protected]

Kikoff
[email protected]

SOURCE Equifax Inc.

Cleveland Hopkins International Airport upgrades to improve critical infrastructure  

, /PRNewswire/ -- Jacobs (NYSE: J) has been selected to lead program and construction management services for phase one of a $1.6 billion modernization of Cleveland Hopkins International Airport (CLE).

The transformative program, CLEvolution, is designed to reimagine the airport experience for millions of travelers by modernizing aging infrastructure enhancing accessibility and passenger flow at Ohio's most traveled airport.

Jacobs Executive Vice President Katus Watson said: "CLEvolution is a powerful statement of Cleveland's ambition to transform and revolutionize the travel experience for residents and visitors. As Engineering News-Record's top-ranked aviation firm, Jacobs brings deep experience to 25 of the busiest U.S. airports. With smarter design, expanded amenities and a seamless flow, we're helping deliver an airport experience that matches the pride and hospitality of the city itself and transforms the passenger journey from curb to gate."

The program's first phase will deliver:

A redesigned terminal entrance inspired by Lake Erie's waves, expanded curbside drop-off and a spacious check-in lobby
A consolidated TSA checkpoint and new international arrivals area
A new ground transportation center and upgraded train station
Expanded parking with a 6,000-space multi-level garage

These improvements will support CLE's continued growth, which surpassed 10 million passengers in 2024, and position the airport as a world-class gateway to the region.

City of Cleveland Director of Port Control Bryant L. Francis said: "We're proving our commitment to moving this work forward by aligning with the right partners to bring our vision to life. With the continued support of our airline partners and our shared focus on the future, we're laying the foundation for a more modern, efficient, and passenger-focused Cleveland Hopkins International Airport."

Ranked as No. 1 in Aviation by Engineering News-Record, Jacobs is shaping the future of aviation infrastructure around the world on projects such as work across Denver International Airport since its inception; the world's largest Consolidated Rent-A-Car facility at Los Angeles International Airport; and the 10-year Manchester Airport Transformation Program in the U.K.  

At Jacobs, we're challenging today to reinvent tomorrow – delivering outcomes and solutions for the world's most complex challenges. With approximately $12 billion in annual revenue and a team of almost 45,000, we provide end-to-end services in advanced manufacturing, cities & places, energy, environmental, life sciences, transportation and water. From advisory and consulting, feasibility, planning, design, program and lifecycle management, we're creating a more connected and sustainable world. See how at jacobs.com and connect with us on LinkedIn, Instagram, X and Facebook. 

Certain statements contained in this press release constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements that do not directly relate to any historical or current fact. When used herein, words such as "expects," "anticipates," "believes," "seeks," "estimates," "plans," "intends," "future," "will," "would," "could," "can," "may," and similar words are intended to identify forward-looking statements. We base these forward-looking statements on management's current estimates and expectations, as well as currently available competitive, financial and economic data. Forward-looking statements, however, are inherently uncertain. There are a variety of factors that could cause business results to differ materially from our forward-looking statements including, but not limited to, uncertainties as to, the timing of the award of projects and funding and potential changes to the amounts provided for under the Infrastructure Investment and Jobs Act and other legislation and executive orders related to governmental spending, including any directive to federal agencies to reduce federal spending or the size of the federal workforce, and changes in U.S. or foreign tax laws, including the new tax legislation enacted in the U.S. in July 2025, statutes, rules, regulations or ordinances, including the impact of, and changes to tariffs and retaliatory tariffs or trade policies, that may adversely impact our future financial positions or results of operations, as well as general economic conditions, including inflation and the actions taken by monetary authorities in response to inflation, changes in interest rates and foreign currency exchange rates, changes in capital markets, the possibility of a recession or economic downturn, and increased uncertainty and risks, including policy risks and potential civil unrest, relating to the outcome of elections across our key markets and elevated geopolitical tension and conflicts, among others. For a description of these and additional factors that may occur that could cause actual results to differ from our forward-looking statements, see our filings with the U.S. Securities and Exchange Commission. The company is not under any duty to update any of the forward-looking statements after the date of this press release to conform to actual results, except as required by applicable law.

For press/media inquiries:
[email protected]  

SOURCE Jacobs

Vistagen Therapeutics' intranasal pherine drugs target nose-to-brain circuits. This taps into neuropsychiatric, women's health, and oncology indications. Their lead asset is Fasedienol, which is in Phase 3 for SAD. Its PALISADE-3 data may enable a possible NDA submission during 2026. The rest of VTGN's pipeline includes Itruvone, PH80, and PH284. However, I believe VTGN's tight runway will force them to prioritize Fasedienol's R&D.

Q3: 2025-11-14 Earnings SummaryEPS of -$0.35 misses by $0.20

 |

Revenue of

$210.52M

beats by $9.72M

T1 Energy Inc. (TE) Q3 2025 Earnings Call November 14, 2025 8:00 AM EST

Company Participants

Jeffrey Spittel - Executive VP of Investor Relations & Corporate Development
Daniel Barcelo - CEO & Chairman
Otto Erster Bergesen
Evan Calio - Chief Financial Officer

Conference Call Participants

Philip Shen - ROTH Capital Partners, LLC, Research Division
Gregory Lewis - BTIG, LLC, Research Division
Sean Milligan - Needham & Company, LLC, Research Division

Presentation

Operator

Good day, and thank you for standing by. Welcome to the T1 Energy Third Quarter 2025 Earnings Conference Call. [Operator Instructions] Please be advised that today's conference is being recorded.

I would now like to hand the conference over to your speaker today, Jeffrey Spittel, Executive Vice President, Investor Relations and Corporate Development. Please go ahead.

Jeffrey Spittel
Executive VP of Investor Relations & Corporate Development

Good morning, and welcome to T1 Energy's Third Quarter 2025 Earnings Conference Call. With me today on the call are Dan Barcelo, our Chief Executive Officer and Chairman of the Board; Evan Calio, our Chief Financial Officer; Jaime Gualy, our Chief Operating Officer; and Otto Erster Bergesen, our SVP of Project Development.

During today's call, management may make forward-looking statements about our business. These forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from expectations. Most of these factors are outside T1's control and are difficult to predict. Additional information about risk factors that could materially affect our business is available in our annual report on Form 10-K filed with the Securities and Exchange Commission and our other filings made with the SEC, all of which are available on the Investor Relations section of our website.

With that, I'll turn the call over to Dan.

Daniel Barcelo
CEO & Chairman

Thanks, Jeff, and welcome, everyone, to our third quarter earnings call. Let's turn to

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LOUISVILLE, Ky.--(BUSINESS WIRE)--Humana and Epic advance data sharing through digital innovations that align with federal interoperability priorities and improve patient experience.

LOS ANGELES, Nov. 18, 2025 (GLOBE NEWSWIRE) -- The DJS Law Group reminds investors of a class action lawsuit against RCI Hospitality Holdings, Inc. (“RCI” or “the Company”) (NASDAQ: RICK) 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 RICK 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 15, 2021 to September 16, 2025

DEADLINE: November 20, 2025

CASE DETAILS: According to the Complaint, the Company made false and misleading statements to the market. RCI allegedly engaged in a complex scheme including bribery of state officials to evade taxes. Based on these facts, RCI’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]

President Donald Trump gave McDonald's leadership a not-so-subtle hint at how the massive chain could improve the iconic Filet-O-Fish.

"I like the fish. I like it. You could do a little bit more tartar sauce, so please," Trump said while delivering remarks at the McDonald's Impact Summit 2025 in Washington, D.C. He added that he hates having to ask for more sauce.

In the same speech, Trump joked that he was the first former McDonald's fry cook to become president, referencing his famous 2024 campaign stop. He then took a swipe at his opponent in the 2024 race, then-Vice President Kamala Harris, saying that he was there longer than she was, even though she claimed to have worked at McDonald's.

TRUMP TALKS FALLING INFLATION AT MCDONALD’S AND WALMART

President Donald Trump gestures at the McDonald's Impact Summit at the Westin Hotel in Washington, D.C., Nov. 17, 2025.  (Evelyn Hockstein/Reuters / Reuters)

"I’m honored to stand before you as the very first former McDonald’s fry cook ever to become President of the United States," Trump said. "And I actually was there for about 30 minutes, and that was 30 minutes longer than Kamala was there, despite her job at McDonald’s."

Trump then thanked the McDonald's employee who informed his campaign that Harris never worked for the Golden Arches.

He also expressed his love for McDonald's, calling himself one of the fast-food giant's "all-time most loyal customers."

"I’m also one of your all-time most loyal customers," Trump said. "Well, other politicians fly around on campaign planes stocked with expensive catering, when Trump Force One — prior to ascending to Air Force One, which is quite a nice plane also — we served only McDonald's almost every time."

MCDONALD’S CEO WARNS RISING BEEF PRICES REMAIN A CHALLENGE AS INFLATION STAYS ‘STICKY’

Republican presidential nominee, then-former U.S. President Donald Trump works behind the counter making french fries during a visit to McDonald's restaurant on Oct. 20, 2024. (Doug Mills-Pool/Getty Images / Getty Images)

The president said that during the campaign he got Health and Human Services (HHS) Secretary Robert F. Kennedy Jr. to eat a Big Mac and that "he loved it." Trump joked that the famously health-focused Kennedy "didn't want that publicized."

While speaking at the summit, the president addressed the broader issue of affordability, touting his administration's success, while admitting that some products are still more expensive than they should be.

"We have a couple of items like coffee, which is a little high. We're going to get that down," Trump said. He also recalled that early in his second term, he was asked about the price of eggs almost immediately after entering office.

CELEB CHEF PRAISES TRUMP'S MCDONALD'S SHIFT, SAYS HE 'SHINED A LIGHT' ON 'FORGOTTEN POSITION' OF FOOD INDUSTRY

President Donald Trump delivers remarks at the McDonald's Impact Summit at the Westin Hotel in Washington, D.C., Nov. 17, 2025.  (Evelyn Hockstein/Reuters)

Despite acknowledging the high price of coffee, Trump argued that the economy was rebounding under his leadership.

"In the past six months, the price of breakfast items has fallen 14%," Trump said. "Bread prices are down, dairy prices are down, and the price of eggs has declined 86% since March. I want to give a very special thanks to McDonald’s for slashing prices for the most popular items. We’re getting prices down for this country, and there’s no better leader or advocate than McDonald’s."

He said that the stock market shows the rebound that his administration worked to achieve, adding that the stock market reached its all-time high 48 times over the course of nine months. Trump also said that the American people are seeing that the country is "doing better." The president asserted that things are only going to improve.

"These new heights of prosperity are going to be incredible," he said. "We're looking at affordability. We're going to bring it down for everybody."

GET FOX BUSINESS ON THE GO BY CLICKING HERE

Trump concluded his remarks by painting McDonald's as a partner in his vision for an improved economy.

"So, together we're going to make America richer, stronger, prouder, and happier than ever before. And you people can be very, very proud of the job you've done. You're respected all over the world, and it's an honor to be with McDonald's," he said.

Fox News Digital’s Greg Wehner and Stepheny Price contributed to this report.

Partnership strengthens Bio-Techne's leadership in AI-enabled protein innovation
NovoBody™ Duo molecules offer multi-specific binding capabilities for advanced research and diagnostics
Collaboration aligns with Bio-Techne's strategic growth pillars and megatrends in precision medicine

, /PRNewswire/ -- Bio-Techne Corporation (NASDAQ: TECH), a global provider of life science tools, reagents and diagnostic products, today announced a licensing agreement with Monod Bio, a Seattle-based biotechnology company spun out from the Nobel Prize-winning David Baker lab at the University of Washington, Institute for Protein Design. The agreement grants Bio-Techne exclusive commercial rights to a specific subset of Monod's NovoBody™ Duo molecules, a new class of AI-designed bispecific binding proteins.

"This partnership marks an exciting step forward in how we are using artificial intelligence to advance scientific progress," said Will Geist, President of the Protein Sciences Segment at Bio-Techne. "NovoBody™ Duo molecules extend our portfolio with innovative AI-powered designs and state-of-the-art customization, stability, and performance, enabling customers to target complex biology with greater precision and accelerate the development of better therapies."

Alfredo Quijano Rubio, PhD, CSO of Monod Bio commented, "NovoBody™ Duo molecules are compact, tunable, and rapidly adaptable for multi-specific binding applications. Unlike traditional antibodies, they can be engineered quickly and cost-effectively, making them ideal for next-generation research tools and diagnostics."

"We are thrilled to partner with Bio-Techne, whose commitment to innovation and scientific excellence aligns perfectly with our mission," said Daniel Silva Manzano, PhD, CEO of Monod Bio. "This collaboration validates our platform and accelerates the integration of Monod's AI-designed proteins into mainstream life sciences."

The agreement supports Bio-Techne's strategic growth vectors, supporting the discovery of novel biological insights and the development of advanced therapeutics. It also reinforces the company's position at the forefront of AI-enabled innovation—a key megatrend driving global healthcare transformation.

ABOUT BIO-TECHNE:

Bio-Techne Corporation (NASDAQ: TECH) is a global life sciences company providing innovative tools and bioactive reagents for research and clinical diagnostic communities. Bio-Techne products assist scientific investigations into biological processes and the nature and progress of specific diseases. They aid in drug discovery efforts and provide the means for accurate clinical tests and diagnoses. With hundreds of thousands of products in its portfolio, Bio-Techne generated over $1.2 billion in net sales in fiscal 2025 and has approximately 3,100 employees worldwide. For more information on Bio-Techne and its brands, please visit https://www.bio-techne.com or follow the company on social media at LinkedIn, X, or YouTube.

ABOUT MONOD BIO:

Monod Bio is a Seattle-based biotechnology company and a spinout from the David Baker Lab at the University of Washington's Institute for Protein Design. The company uses AI-powered de novo protein design to create novel protein binders and biosensors for research use only (RUO) and in vitro diagnostic (IVD) applications. Monod Bio's proprietary platform enables the generation of novel proteins, including its NovoBody™ binders, to address unmet needs. Through its "Monod Inside" business model, Monod Bio partners with leading RUO and IVD organizations to bring next-generation products to market. For more information, visit http://monod.bio.

MEDIA CONTACTS:
Corporate Communications
[email protected]

David Clair, Vice President
Investor Relations & Corporate Development
[email protected]

Julie Rathbun
Investor Relations
[email protected]

SOURCE Bio-Techne Corporation

Record revenue of $92.3 million and added 40,000 net new subscribers in the quarter

, /PRNewswire/ -- Ituran Location and Control Ltd. (NASDAQ: ITRN) today announced its consolidated financial results for the third quarter, ended September 30, 2025.

Highlights of the Third Quarter of 2025

Added 40,000 net subscribers in the quarter.
Revenue of $92.3 million, an 11% increase year-over-year.
Net income increased to $14.6 million, a 7% increase year-over-year.
EBITDA totaled $24.6 million, a 6% increase year-over-year.
The Board declared a quarterly dividend of $10.0 million, or $0.50 per share.

Management Comment

Eyal Sheratzky, Co-CEO of Ituran said, "The third quarter marked a strong quarter for Ituran, in particular, we showed strong subscription revenue growth. Ituran's overall subscriber growth is being driven by our long-term efforts and success in bringing customers new value-adding telematics and connected-car products and services, as well as adding additional OEM partners to our growing roster."

Continued Mr. Sheratzky, "I am excited that during the quarter, following its success in Brazil, we have launched operations for IturanMOB in the United States. IturanMOB is our unique smart-mobility solution enabling remote vehicle access, real-time telematics and efficient fleet management for shared-mobility and rental-fleet application. We believe this creates an additional long term growth engine for Ituran with a large untapped addressable market alongside our core telematics and subscriber-based businesses."

Concluded Mr. Sheratzky, "In celebration of 20 years as a public company and 30 years as a Company, we look forward to opening the Nasdaq market on November 25 and we thank both the Nasdaq as well as our shareholders for their long-term support of our business."

Third Quarter 2025 Results

Revenues for the quarter were $92.3 million, an increase of 11% compared with $83.5 million in the third quarter of 2024. 73% of revenues were from location-based service subscription fees and 27% were from product revenues.

Revenues from subscription fees for the quarter were $67.6 million, an increase of 13% year-over-year. The subscriber base grew to 2,588,000 by the end of September 2025, marking a quarterly increase of 40,000 and a year-over-year increase of 219,000.

Product revenues for the quarter were $24.7 million, an increase of 4% year-over-year.  

Gross profit for the quarter was $46.4 million (50.3% of revenues), a 16% increase compared with $40.2 million (48.1% of revenues) in the third quarter of 2024.

Gross margin on subscription revenues was 60.1%, compared to 58.8% last year. Gross margin on product revenues was 23.6%, compared to 21.5% last year. The variance in the product gross margin between quarters reflects changes in the mix of products sold in the quarter.

Operating income for the quarter was $19.6 million (21.3% of revenues), a 7% increase compared with $18.4 million (22.0% of revenues) in the third quarter of 2024.

EBITDA for the quarter was $24.6 million (26.7% of revenues), a 6% increase compared with $23.3 million (27.9% of revenues) in the third quarter of 2024.

Net income for the quarter was $14.6 million (15.9% of revenues), or $0.74 per diluted share, an increase of 7% compared to $13.7 million (16.4% of revenues), or $0.69 per diluted share, in the third quarter of 2024.

Cash flow from operations for the quarter was $21.3 million.

On the balance sheet, as of September 30, 2025, the Company had net cash, including marketable securities, of $93.1 million, compared with $77.3 million at year-end 2024.

Dividend

The Board of Directors declared a dividend of $10.0 million for the quarter. The current dividend takes into account the Company's continuing strong profitability, ongoing positive cash flow, and strong balance sheet.

Buy Back

During the quarter, Ituran purchased $1.5 million in shares under its Buy Back program. There remains approximately $5.2 million available under the buy-back program. 

Conference Call Information

The Company will be hosting a video conference call via the Zoom platform later today, Tuesday, November 18, 2025 at 9am Eastern Time and 4pm Israel time.

On the call, management will review and discuss the results and will be available to answer investor questions.

To participate in the Zoom call, please register at the following link:

https://us06web.zoom.us/webinar/register/WN_FseStmWFR6SpOakhbm71ow https://us06web.zoom.us/webinar/register/WN_v7fBVdwwT-KnDOQ7OfgoBA

For those unable to listen to the live call, a replay of the call will be available from the day after the call in the investor relations section of Ituran's website.

Certain statements in this press release are "forward-looking statements" within the meaning of the Securities Act of 1933, as amended.  These forward-looking statements include, but are not limited to, our plans, objectives, expectations and intentions and other statements contained in this report that are not historical facts as well as statements identified by words such as "expects", "anticipates", "intends", "plans", "believes", "seeks", "estimates" or words of similar meaning. These statements are based on our current beliefs or expectations and are inherently subject to significant uncertainties and changes in circumstances, many of which are beyond our control. Actual results may differ materially from these expectations due to changes in global political, economic, business, competitive, market and regulatory factors, as well as other factors.

About Ituran

Ituran is a leader in the emerging mobility technology field, providing value-added location-based services, including a full suite of services for the connected-car. Ituran offers Stolen Vehicle Recovery, fleet management as well as mobile asset location, management & control services for vehicles, cargo and personal security for the retail, insurance, financing industries and car manufacturers. Ituran is the largest OEM telematics provider in Latin America. Its products and applications are used by customers in over 20 countries. Ituran is also the founder of the Tel-Aviv based DRIVE startup incubator to promote the development of smart mobility technology.

Ituran's subscriber base has been growing significantly since the Company's inception to over 2.5 million subscribers using its location-based services with a market leading position in Israel and Latin America. Established in 1995, Ituran has approximately 2,800 employees worldwide, with offices in Israel, Brazil, Argentina, Mexico, Ecuador, Columbia, India, Canada and the United States.

For more information, please visit Ituran's website, at: www.ituran.com

Company Contact

Udi Mizrahi

[email protected] 

Deputy CEO & VP Finance, Ituran

(Israel) +972 3 557 1348

International Investor Relations

Ehud Helft

[email protected] 

EK Global  Investor Relations

(US) +1 212 378 8040

ITURAN LOCATION AND CONTROL LTD.

CONDENSED CONSOLIDATED BALANCE SHEETS

US dollars

September 30,

December 31,

(In thousands)

2025

2024

(unaudited)

Current assets

Cash and cash equivalents

93,072

77,357

Investments in marketable securities 

2

10

Accounts receivable (net of provision for credit loss)

62,059

47,688

Other current assets

49,396

46,067

Inventories

25,672

23,434

230,201

194,556

Long-term investments and other assets

Investments in affiliated companies

494

519

Investments in other companies

1,833

1,491

Other non-current assets

5,290

5,853

Deferred income taxes

14,828

12,273

Funds in respect of employee rights upon retirement

26,495

21,823

48,940

41,959

Property and equipment, net

39,970

33,080

Operating lease right-of-use assets, net

8,323

8,947

Intangible assets, net

8,932

9,011

Goodwill 

39,690

39,325

Total assets

376,056

326,878

ITURAN LOCATION AND CONTROL LTD.

CONDENSED CONSOLIDATED BALANCE SHEETS (cont.)

US dollars

September 30,

December 31,

(In thousands)

2025

2024

(unaudited)

Current liabilities

Credit from banking institutions

-

114

Accounts payable  

20,380

18,847

Deferred revenues 

26,620

22,857

Other current liabilities 

55,398

45,904

102,398

87,722

Long-term liabilities 

Deferred income taxes

520

418

Liability for employee rights upon retirement

32,754

27,593

Deferred revenues 

14,637

12,231

Operating lease liabilities, non-current

4,852

5,562

Other non-current liabilities 

2,385

2,095

55,148

47,899

Stockholders' equity

211,997

185,227

Non-controlling interests

6,513

6,030

Total equity

218,510

191,257

Total liabilities and equity

376,056

326,878

ITURAN LOCATION AND CONTROL LTD.

CONDENSED CONSOLIDATED STATEMENTS OF INCOME

US dollars

Nine months period
ended September 30,

Three months period
ended September 30,

(in thousands, except earnings per share)

2025

2024

2025

2024

Revenues:

Telematics services

(unaudited)

(unaudited)

193,486

180,943

67,550

59,591

Telematics products

72,040

72,431

24,728

23,888

265,526

253,374

92,278

83,479

Cost of revenues:

Telematics services

79,684

75,320

26,950

24,574

Telematics products

54,477

58,550

18,903

18,748

134,161

133,870

45,853

43,322

Gross profit

131,365

119,504

46,425

40,157

Research and development expenses

15,654

13,607

5,734

4,490

Selling and marketing expenses

13,491

11,291

4,857

4,019

General and administrative expenses

45,586

41,571

16,217

13,264

Other expenses (income), net

18

(99)

(9)

24

Operating income

56,616

53,134

19,626

18,360

Financing income (expenses), net

(1,122)

165

(340)

34

Income before income tax

55,494

53,299

19,286

18,394

Income tax expenses

(11,221)

(11,234)

(3,892)

(4,029)

Share in losses of affiliated companies, net

(31)

(301)

(13)

(179)

Net income for the period

44,242

41,764

15,381

14,186

Less: net income attributable to non-controlling interest

(1,552)

(1,948)

(736)

(533)

Net income attributable to the company

42,690

39,816

14,645

13,653

Basic and diluted earnings per share attributable to company's stockholders

2.15

2.00

0.74

0.69

Basic and diluted weighted average number of shares outstanding

19,892

19,894

19,889

19,894

ITURAN LOCATION AND CONTROL LTD.

CONSOLIDATED STATEMENTS OF CASH FLOWS

US dollars

Nine months period
ended September 30,

Three months period
ended September 30,

(in thousands)

2025

2024

2025

2024

(unaudited)

(unaudited)

Cash flows from operating activities

Net income for the period

44,242

41,764

15,381

14,186

Adjustments to reconcile net income to net cash from operating activities:

Depreciation and amortization

14,240

15,586

5,010

4,935

Loss in respect of trading marketable securities and other investments

8

85

-

50

Increase in liability for employee rights upon retirement

2,134

2,245

512

565

Share in losses of affiliated companies, net

31

301

13

179

Deferred income taxes

(891)

(1,340)

(504)

(104)

Capital loss on sale of property and equipment, net

99

14

10

109

Decrease (increase) in accounts receivable

(8,458)

(4,792)

(767)

1,752

Decrease (increase) in other current and non-current assets

6,203

(5,328)

1,403

(957)

Decrease (increase) in inventories

(911)

2,591

(853)

1,062

Decrease in accounts payable

(812)

(2,382)

(688)

(4,198)

Increase (decrease) in deferred revenues

2,315

186

961

(186)

Increase (decrease) in other current and non-current liabilities

1,028

2,645

865

(158)

Net cash provided by operating activities

59,228

51,575

21,343

17,235

Cash flows from investment activities

Increase in funds in respect of employee rights upon retirement, net of withdrawals

(2,322)

(2,337)

(1,470)

(822)

Capital expenditures

(17,169)

(9,144)

(5,295)

(2,835)

Return from (investments in) affiliated and other companies, net

(49)

(2)

61

(59)

Repayment of (Investment in) long-term deposit

35

(81)

58

(104)

Proceeds from sale of property and equipment

564

389

110

96

Net cash used in investment activities

(18,941)

(11,175)

(6,536)

(3,724)

Cash flows from financing activities

Short term credit from banking institutions

(114)

(384)

-

(53)

Acquisition of company shares

(1,475)

-

(1,475)

-

Dividend paid

(27,652)

(20,291)

(9,947)

(7,758)

Dividend paid to non-controlling interests

(1,677)

(3,261)

-

(1,631)

Net cash used in financing activities

(30,918)

(23,936)

(11,442)

(9,442)

Effect of exchange rate changes on cash and cash equivalents

6,346

(2,433)

952

186

Net change in cash and cash equivalents

15,715

14,031

4,337

4,255

Balance of cash and cash equivalents at beginning of period

77,357

53,434

88,735

63,210

Balance of cash and cash equivalents at end of period

93,072

67,465

93,072

67,465

Supplementary information on financing activities not involving cash flows:

In August 2025, the Company declared a dividend in an amount of US$10 million. The dividend was paid in October 2025.

 Logo - https://mma.prnewswire.com/media/1972820/Ituran_logo.jpg

SOURCE Ituran Location and Control Ltd.

Crypto caught in broad market selloff, food, restaurant companies feeling relief, U.S.-China trade deal is fragile, and more news to start your day.

SummaryThe fund underperformed its benchmark, the Russell 1000 Index, during the third quarter.Videogame producer Electronic Art’s was the top contributor during the period.Elevance Health was the top underperformer over the period. Shinsei Motions/iStock via Getty Images

The following segment was excerpted from the Columbia Contrarian Core Fund Q3 2025 Commentary.

The fund underperformed its benchmark, the Russell 1000 Index, during the third quarter. The underperformance, relative to the Russell 1000, was mainly attributable to negative

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, /PRNewswire/ -- Brightstar Lottery PLC (NYSE: BRSL) ("Brightstar" or "the Company") announced today that its subsidiary, LottoItalia S.r.l. ("LottoItalia") has signed an agreement to operate the Italy Lotto for the next nine years. In July 2025, LottoItalia, a consortium led by Brightstar (which at the time was named International Game Technology PLC) and comprised of Allwyn, Arianna 2001 and Novomatic Italia, was formally awarded the Italy Lotto license by the Agenize delle Dogane e dei Monopoli ("ADM") following a competitive bid process.

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Brightstar serves nearly 90 lottery customers and their players on six continents. It is the primary technology provider to 26 of the 46 lottery jurisdictions in the U.S. and eight of the world's 10 largest lotteries.

About Brightstar Lottery PLC

Brightstar Lottery PLC (NYSE: BRSL) is an innovative, forward-thinking global leader in lottery that builds on our renowned expertise in delivering secure technology and producing reliable, comprehensive solutions for our customers. As a premier pure play global lottery company, our best-in-class lottery operations, retail and digital solutions, and award-winning lottery games enable our customers to achieve their goals, entertain players and distribute meaningful benefits to communities. Brightstar has a well-established local presence and is a trusted partner to governments and regulators around the world, creating value by adhering to the highest standards of service, integrity, and responsibility. Brightstar has approximately 6,000 employees. For more information, please visit www.brightstarlottery.com.

Cautionary Statement Regarding Forward-Looking Statements

This news release may contain forward-looking statements (including within the meaning of the Private Securities Litigation Reform Act of 1995) concerning Brightstar Lottery PLC and its consolidated subsidiaries (the "Company") and other matters. These statements may discuss goals, intentions, and expectations as to future plans, trends, events, products and services, customer relationships, results of operations, or financial condition, or otherwise, based on current beliefs of the management of the Company as well as assumptions made by, and information currently available to, such management. Forward-looking statements may be accompanied by words such as "aim," "anticipate," "believe," "plan," "could," "would," "should," "shall," "continue," "estimate," "expect," "forecast," "future," "guidance," "intend," "may," "will," "possible," "potential," "predict," "project" or the negative or other variations of them. These forward-looking statements speak only as of the date on which such statements are made and are subject to various risks and uncertainties, many of which are outside the Company's control. Should one or more of these risks or uncertainties materialize, or should any of the underlying assumptions prove incorrect, actual results may differ materially from those predicted in the forward-looking statements and from past results, performance, or achievements. Therefore, you should not place undue reliance on such statements. Factors that could cause actual results to differ materially from those in the forward-looking statements include (but are not limited to) macroeconomic, regulatory and political uncertainty, including as a result of new or increased tariffs, trade wars, and other restrictions on trade between or among countries in which the Company operates, and related changes in discretionary consumer spending and behavior, fluctuations in foreign currency exchange rates, and the other factors and risks described in the Company's annual report on Form 20-F for the financial year ended December 31, 2024 and other documents filed or furnished from time to time with the SEC, which are available on the SEC's website at www.sec.gov and on the investor relations section of the Company's website at www.brightstarlottery.com. Except as required under applicable law, the Company does not assume any obligation to update these forward-looking statements. You should carefully consider these factors and other risks and uncertainties that may affect the Company's business. All forward-looking statements contained in this news release are qualified in their entirety by this cautionary statement. All subsequent written or oral forward-looking statements attributable to the Company, or persons acting on its behalf, are expressly qualified in their entirety by this cautionary statement.

Contact:

Mike DeAngelis, Corporate Communications, +1 (401) 392-1000, [email protected]

Matteo Selva, Italian media inquiries, +39 366 6803635

James Hurley, Investor Relations, +1 (401) 392-7190

© 2025 Brightstar Lottery PLC

SOURCE Brightstar Lottery PLC

PARAMUS, N.J.--(BUSINESS WIRE)--Movado Group, Inc. (NYSE: MOV) invites investors to listen to a broadcast of the Company's conference call to discuss third quarter fiscal year 2026 earnings results on Tuesday, November 25, 2025, at 9:00 a.m. Eastern Time. A press release detailing the Company's third quarter fiscal year 2026 results will be issued before the market opens and prior to the call. The conference call will be hosted by Efraim Grinberg, Chairman and Chief Executive Officer, and Salli.

November 18, 2025 6:45 AM EST | Source: Magna Mining Inc.
Sudbury, Ontario--(Newsfile Corp. - November 18, 2025) - Magna Mining Inc. (TSXV: NICU) (OTCQX: MGMNF) (FSE: 8YD) ("Magna" or the "Company") is pleased to announce the results of a Mineral Resource Estimate ("MRE") prepared in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects for the past-producing Levack Mine, located in the North Range of the Sudbury Basin, Ontario, Canada (Figure 1). The Levack Mine MRE is comprised of both footwall-type deposits, which contain copper ("Cu") and precious metals including gold ("Au"), platinum ("Pt"), palladium ("Pd") and silver ("Ag"), and contact-type deposits hosting mineralization rich in nickel ("Ni") and Cu.

Levack Mineral Resource Estimate Highlights (as of August 31, 2025, the cut-off for diamond drill data incorporated in the MRE):

Current mineralization in the Levack Mine includes 6.1 million tonnes in the Indicated category at 3.5% copper equivalent ("CuEq"), comprised of 1.1% Cu, 1.4% Ni, 0.6 grams per tonne (g/t) Pt, 0.7 g/t Pd, 0.1 g/t Au, and 2.0 g/t Ag, as well as 5.2 million tonnes in the Inferred category at 3.6% CuEq (1.2% Cu, 1.4% Ni, 0.6 g/t Pt, 0.8 g/t Pd, 0.2 g/t Au, 2.1 g/t Ag). The high grade footwall-type deposits contain 368,000 tonnes in the Inferred category at 9.4% CuEq (5.4% Cu, 0.75% Ni, 2.9 g/t Pt, 5.4 g/t Pd, 1.5 g/t Au, and 21.0 g/t Ag), as well as 178,000 tonnes in the Indicated category at the previously-mined Morrison Footwall Cu-PGE deposit grading 15.5% CuEq (9.1% Cu, 2.4% Ni, 3.6 g/t Pt, 6.6 g/t Pd, 1.6 g/t Au, 34.2 g/t Ag), which remains open at depth. The No. 3 Footwall deposit is particularly rich in precious metals, containing 76,000 tonnes in the Inferred category grading 7.9 g/t Pt, 15.7 g/t Pd, 3.1 g/t Au and 30.3 g/t Ag, as well as 4.5% Cu and 0.7% Ni (13.4% CuEq) with important potential implications for ongoing exploration in the footwall environment. The zones of contact-type mineralization generally occur at depths of less than 750 metres (approximately 2,460 feet) and contain 5.9 million tonnes in the Indicated category grading 0.9% Cu, 1.4% Ni, and 2.1 g/t precious metals (Pt+Pd+Au+Ag), or 3.2% CuEq, as well as 4.8 million tonnes in the Inferred category at 3.2% CuEq (0.9% Cu, 1.5% Ni, 1.5 g/t precious metals (Pt+Pd+Au+Ag)). Dave King, SVP Exploration and Geoscience, stated, "Today's announcement of Magna's initial mineral resource estimate for our flagship Levack Mine in Sudbury represents an important milestone as it confirms the presence of significant mineralization, much of which can be accessed using existing infrastructure. Importantly, in addition to over 5.9 million tonnes of contact-type mineralization in the Indicated category, 178,000 tonnes of mineralization grading 15.5% CuEq remains at the Morrison Footwall Cu-PGE deposit. There also is potential to expand the Morrison deposit with further drilling as it remains open at depth. The very high grade precious metals mineralization delineated in the No. 3 Footwall deposit will be a high priority target for our ongoing exploration efforts, along with other prospective areas in the footwall environment at Levack."

Jason Jessup, CEO, stated, "The results of Magna's first mineral resource estimate for the Levack Mine exceeded our expectations, particularly in terms of the grade of the remaining mineralization at the Morrison Footwall Cu-PGE deposit, and the significant tonnage of relatively shallow, contact-type nickel-copper mineralization. This resource estimate will now be used to complete a Preliminary Economic Assessment ("PEA") with the vision of utilizing a new ramp from surface to access the shallower deposits, as well as the existing shaft and loading pocket infrastructure to hoist higher grade footwall copper-precious metals ore from deeper within the mine. The contract to complete the PEA will be awarded prior to the end of the year and will be completed during 2026. In addition, we have already engaged a contractor to begin developing the scope of work to re-establish hoisting capabilities, and this work could potentially begin in early 2026. At present, there is a contract mining company working on the 3900 Level ramp to develop access to the 3600 Level between the No.2 and No.3 shaft stations. This connection is expected to be completed in Q2 2026 and will provide many benefits for footwall exploration and synergies with a neighbouring mine. The Levack Mine has quickly become the flagship project within our company and 2026 will be an exciting year as we continue to move towards a production restart while at the same time exploring for new copper-precious metals deposits in the footwall environment at the mine."

The MRE was completed by Jonathan Cirelli, P.Geo, Senior Geologist of Orix Geoscience Inc. and incorporates diamond drill data up to a cut-off of August 31, 2025. Both the Indicated and Inferred resources in the Morrison Footwall Cu-PGE deposit have been constrained geologically as discrete veins that have either been defined by previous mining operations, or by multiple diamond drill intercepts. Certain mineralized intercepts around the Morrison deposit have been excluded from this MRE where their relationship to known veins has not yet been established. Follow up drilling in these areas will be incorporated into the Company's ongoing exploration program, with the goal of including these intercepts in a future MRE update. The Morrison deposit also remains open at depth, with underground drilling to test for potential extensions planned for 2026 once drill platforms have been established. Diamond drilling to target the expansion of the Inferred resource at the No. 3 Footwall deposit will also be a focus during 2026, given the significant precious metal grades outlined in the MRE (see Table 3).

This MRE will serve as the basis for the completion of a PEA study by a third-party consultant. This study will further refine the potential to access the shallow, contact-type mineralization via a new ramp from surface, as was previously investigated by the Company's internal work. In addition, the PEA will also evaluate a re-start of production from the Morrison Footwall Cu-PGE deposit via the No.2 Shaft. The No.2 Shaft is currently being used to move personnel and materials in support of underground drilling, rehabilitation and new development work at Levack Mine. Work is currently underway to determine what is required to re-establish ore and waste hoisting capabilities at the No.2 Shaft. The results of the evaluation of the hoisting system could support a decision to begin the recommissioning work as early as Q1 2026.

Figure 1: Location of Magna's Existing Properties, Location of Levack Mine and Key Sudbury Infrastructure.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8002/274933_674abd1ab4c4f937_002full.jpg

Table 1: Levack Mineral Resource Estimate1 - Indicated Category, August 31, 2025

Deposit
Type Category Cut-off
Grade Short
Tons Metric
Tonnes Cu
% Ni
% Co
% Pt
(g/tonne) Pd
(g/tonne) Au
(g/tonne) Ag
(g/tonne) CuEq
% Contact Indicated 2.00%
CuEq  6,535,000 5,928,000 0.89 1.41 0.05 0.46 0.56 0.07 0.99 3.18 Footwall  Indicated 2.50%
CuEq     197,000 178,000 9.06 2.37 0.02 3.60 6.58 1.56 34.15 15.52 Total  Indicated    6,732,000  6,106,000 1.13 1.44 0.04 0.56 0.74 0.11 1.95 3.54 Table 2: Levack Mineral Resource Estimate1 - Inferred Category, August 31, 2025 

Deposit
Type Category Cut-off
Grade Short
Tons Metric
Tonnes Cu
% Ni
% Co
% Pt
(g/tonne) Pd
(g/tonne) Au
(g/tonne) Ag
(g/tonne) CuEq
% Contact  Inferred 2.00%
CuEq 5,288,000 4,797,000 0.87 1.46 0.04 0.39 0.40 0.05 0.68 3.15 Footwall  Inferred 2.50%
CuEq 406,000 368,000 5.42 0.75 0.01 2.91 5.40 1.53 21.00 9.35 Total Inferred   5,694,000 5,165,000 1.19 1.41 0.04 0.57 0.76 0.16 2.13 3.59 Table 3: Levack Mineral Resource Estimate1 - Footwall Zones, August 31, 2025

Deposit
Type Zone Category Cut-off
Grade Short
Tons Metric
Tonnes Cu
% Ni
% Co
% Pt
(g/tonne) Pd
(g/tonne) Au
(g/tonne) Ag
(g/tonne) CuEq
% Footwall  Keel Indicated 2.50%
CuEq                  -                          -                   Footwall Morrison Indicated 2.50%
CuEq 197,000 178,000 9.06 2.37 0.02 3.60 6.58 1.56 34.15 15.52 Footwall No.3 FW Indicated 2.50%
CuEq                  -                          -                     Total Indicated 2.50%
CuEq 197,000 178,000 9.06 2.37 0.02 3.60 6.58 1.56 34.15 15.52 Footwall Keel Inferred 2.50%
CuEq 229,000 208,000 4.36 0.48 0.01 1.41 1.88 1.10 17.74 6.44 Footwall Morrison Inferred 2.50%
CuEq 93,000 85,000 8.83 1.47 0.01 2.16 4.87 1.20 20.67 12.88 Footwall No.3 FW Inferred 2.50%
CuEq 83,000 76,000 4.49 0.68 0.01 7.86 15.66 3.08 30.32 13.36   Total Inferred 2.50%
CuEq 406,000 368,000 5.42 0.75 0.01 2.91 5.40 1.53 21.00 9.35 Table 4: Levack Mineral Resource Estimate1, Sensitivity to Cut-off Grade, August 31, 2025 

Cut-off
Grade Type Category Short
Tons Metric
Tonnes Cu
% Ni
% Co
% Pt
(g/tonne) Pd
(g/tonne) Au
(g/tonne) Ag
(g/tonne) CuEq
% 1.50%
CuEq Contact Indicated 9,767,000 8,861,000 0.75 1.20 0.04 0.40 0.49 0.06 0.88 2.70 1.75%
CuEq Contact Indicated 7,951,000 7,213,000 0.82 1.31 0.04 0.43 0.53 0.06 0.93 2.95 2.00%
CuEq Contact Indicated 6,535,000 5,928,000 0.89 1.41 0.05 0.46 0.56 0.07 0.99 3.18 2.25%
CuEq Contact Indicated 5,348,000 4,852,000 0.97 1.52 0.05 0.49 0.60 0.07 1.04 3.42 2.50%
CuEq Contact Indicated 4,350,000 3,946,000 1.04 1.62 0.05 0.52 0.63 0.08 1.10 3.66 2.00%
CuEq Footwall Indicated 200,000 181,000 8.94 2.34 0.02 3.55 6.48 1.53 33.74 15.30 2.25%
CuEq Footwall Indicated 198,000 180,000 9.00 2.35 0.02 3.57 6.53 1.55 33.94 15.40 2.50%
CuEq Footwall Indicated 197,000 178,000 9.06 2.37 0.02 3.60 6.58 1.56 34.15 15.52 2.75%
CuEq Footwall Indicated 195,000 177,000 9.13 2.38 0.02 3.63 6.63 1.57 34.37 15.63 3.00%
CuEq Footwall Indicated 193,000 175,000 9.21 2.40 0.02 3.66 6.69 1.58 34.60 15.76                                                     Cut-off
Grade Type Category Short
Tons Metric
Tonnes Cu
% Ni
% Co
% Pt
(g/tonne) Pd
(g/tonne) Au
(g/tonne) Ag
(g/tonne) CuEq
% 1.50%
CuEq Contact Inferred 7,625,000 6,917,000 0.75 1.25 0.04 0.34 0.35 0.05 0.70 2.72 1.75%
CuEq Contact Inferred 6,384,000 5,791,000 0.82 1.35 0.04 0.36 0.38 0.05 0.70 2.93 2.00%
CuEq Contact Inferred 5,288,000 4,797,000 0.87 1.46 0.04 0.39 0.40 0.05 0.68 3.15 2.25%
CuEq Contact Inferred 4,378,000 3,971,000 0.93 1.56 0.05 0.42 0.43 0.06 0.70 3.36 2.50%
CuEq Contact Inferred 3,498,000 3,173,000 1.01 1.66 0.05 0.46 0.47 0.06 0.75 3.61 2.00%
CuEq Footwall Inferred 448,000 406,000 5.01 0.69 0.01 2.75 5.02 1.42 19.84 8.68 2.25%
CuEq Footwall Inferred 425,000 386,000 5.23 0.72 0.01 2.83 5.22 1.48 20.45 9.03 2.50%
CuEq Footwall Inferred 406,000 368,000 5.42 0.75 0.01 2.91 5.40 1.53 21.00 9.35 2.75%
CuEq Footwall Inferred 387,000 352,000 5.60 0.77 0.01 3.00 5.60 1.58 21.58 9.67 3.00%
CuEq Footwall Inferred 364,000 330,000 5.86 0.80 0.01 3.13 5.86 1.65 22.39 10.10 1 Footnotes to the Levack Mineral Resource Estimate

The effective date of the Levack Mine Mineral Resource Estimate (MRE) is August 31, 2025. This is the close out date for the final mineral resource models and mine out models (as-builts) The mineral resources are reported at a cut-off grade of 2.00% CuEq for Contact deposits and 2.50% CuEq for Footwall deposits. Values in this table reported above and below the cut-off grades should not be misconstrued with a Mineral Resource Statement. The values are only presented to show the sensitivity of the block model estimates to the selection of cut-off grade. CuEq is calculated using metal prices of $4.50/lb Cu, $7.31/lb Ni, $15.00/lb Co, $1,291/oz Pt, $1,031/oz Pd ,$3,324/oz Au, and $37.40/oz Ag. Metal recoveries considered are 91% for Cu, 85% for Ni, 68% for Co, 64% for Pt, 69.5% for Pd, 70.5% for Au, and 70% for AgThe mineral resource was estimated by Jonathan Cirelli, P.Geo. of Orix Geoscience Inc. and is an independent Qualified Person as defined by NI 43-101. A site visit was conducted on July 9th, 2025.The classification of the current Mineral Resource Estimate (MRE) into Indicated and Inferred mineral resources is consistent with current 2014 CIM Definition Standards - For Mineral Resources and Mineral Reserves.All figures are rounded to reflect the relative accuracy of the estimate and numbers may not add due to rounding.The mineral resources are presented undiluted and in situ, constrained by diamond drillhole information and previous underground geological mapping, and are considered to have reasonable prospects for eventual economic extraction. The mineral resource is exclusive of mined out material. The drillhole database includes data from 10,525 surface and underground diamond drill holes completed between 1911 and 2025. The drilling totals 4,382,756 ft (1,335,864 m) including 341,394 assay intervals representing 1,393,512 ft (424,742 m) of data.Mineral resources which are not mineral reserves do not have demonstrated economic viability. An Inferred Mineral Resource has a lower level of confidence than that applying to an Indicated Mineral Resource and must not be converted to a Mineral Reserve. It is reasonably expected that most Inferred Mineral Resources could be upgraded to Indicated Mineral Resources with continued exploration.Grades for Ni, Cu, Co, Pt, Pd, Au, and Ag are estimated for each mineralization domain using ~2.0 ft (0.61 m), 2.5 ft (0.76 m), or 5.0 ft (1.52 m) composites assigned to that domain, depending on the style of mineralization. To generate grade within the blocks, the inverse distance squared (ID2) interpolation method was used for all domains. Samples were capped before compositing when required.Reliable density measurements were available for 21% of the samples in the drillhole database (71,712 measured samples) allowing for zone-specific Ni and Cu-based regression formulas to be created and applied to estimate missing densities.

Figure 2: Levack Mine Underground Development and Mineralized Zones. Oblique 3D View Looking Northwest. 

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8002/274933_674abd1ab4c4f937_007full.jpg

Figure 3: Levack Mine Underground Development and Mineralized Zones. Oblique 3D View Looking Southeast. 

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8002/274933_674abd1ab4c4f937_008full.jpg

The technical report in support of the above noted mineral resource estimates will be filed by Magna within 45 days of this press release.

Announcement of Filing of Q3 Financials and Conference Call

The Company is scheduled to release its Q3 2025 financial results and MD&A after the market close on Tuesday November 25, 2025. In addition, the Company will be holding a conference call and webcast on Wednesday November 26, 2025 at 8:00am EST.

To register for the conference call, please use the following link to obtain a Dial-in Number and PIN: https://register-conf.media-server.com/register/BIfc83dc419540403380a832570e704494

To attend the webcast in listen-only mode, please use the following link: https://edge.media-server.com/mmc/p/xxh36742

Qualified Person for Technical Information

The scientific and technical information in this press release has been reviewed and approved by both Jonathan Cirelli, P.Geo, Senior Geologist of Orix Geoscience Inc., independent of the Company, and David King, M.Sc., P.Geo, Senior Vice President, Exploration and Geoscience for the Company. Both Mr. Cirelli and Mr. King are qualified persons under National Instrument 43-101.

Cautionary Statement on Forward-Looking Statements

All statements, other than statements of historical fact, contained or incorporated by reference in this press release constitute "forward-looking statements" and "forward-looking information" (collectively, "forward-looking statements") within the meaning of applicable securities laws. Generally, these forward-looking statements can be identified by the use of forward-looking terminology, such as "may", "might", "potential", "expect", "anticipate", "estimate", "believe", "could", "should", "would", "will", "continue", "intend", "plan", "forecast", "prospective", "significant" or other similar words or phrases or variations thereof. Forward-looking statements are necessarily based upon a number of assumptions that, while considered reasonable by management, are inherently subject to business, market, economic, technical and other risks, uncertainties and contingencies that may cause actual results, performance or achievements to be materially different from those expressed or implied by forward-looking statements, including risks and uncertainties relating to the failure of additional drilling to support assumptions, expectations or estimates of potential mineralization, metal tonnes or grade, such as those related to the Morrison Deposit, the failure of additional drilling to support additional expansion or delineation of estimated resources, the failure of additional drilling to support production planning, the lack of availability of drill rigs to implement exploration or other programs or the failure to proceed as quickly as planned with additional exploration or other drilling, continued delays for assay results, the failure to proceed as quickly as planned with or to complete additional development as anticipated, such as the development of a ramp from the surface of, or recommissioning of the hoisting plant at, the Levack Mine, the failure to proceed as quickly as planned with a restart of mining at the Levack Mine, assuming there will be any restart, and other risks disclosed in the Company's annual management discussion and analysis, available on the SEDAR+ website (at: www.sedarplus.ca). Although the Company has attempted to identify important risks, uncertainties, contingencies and factors that could cause actual results to differ materially from those expressed or implied in forward-looking statements, there can be no certainty or assurance that the Company has accurately or adequately captured, accounted for or disclosed all such risks, uncertainties, contingencies or factors. Readers should place no reliance on forward-looking statements as actual results, performance or achievements may be materially different from those expressed or implied by such statements. Resource exploration and development, and mining operations, are highly speculative, characterized by several significant risks, which even a combination of careful evaluation, experience and knowledge will not eliminate. Forward-looking statements speak only as of the date they are made. The Company does not undertake to update any forward-looking statements, whether as a result of new information or future events or otherwise, except in accordance with applicable securities laws.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this press release.

About Magna Mining Inc.

Magna Mining Inc. is a producing mining company with a strong portfolio of copper, nickel, and platinum group metals (PGM) assets located in the world-class Sudbury mining district of Ontario, Canada. The Company's primary asset is the McCreedy West Mine, currently in production, supported by a pipeline of highly prospective past-producing properties including Levack, Crean Hill, Podolsky, and Shakespeare.

Magna Mining is strategically positioned to unlock long-term shareholder value through continued production, exploration upside, and near-term development opportunities across its asset base.

Additional corporate and project information is available at www.magnamining.com and through the Company's public filings on the SEDAR+ website at www.sedarplus.ca.

For further information, please contact:
Jason Jessup
Chief Executive Officer
or
Paul Fowler, CFA
Executive Vice President
705-482-9667
Email: [email protected]

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/274933

, /PRNewswire/ -- Designer Brands Inc. (NYSE: DBI), one of the world's largest designers, producers and retailers of footwear and accessories, announced the Company will issue its third quarter 2025 earnings on December 9, 2025. Management will host a conference call to discuss the results at 8:30 am E.T. A press release detailing the Company's results will be issued prior to the call.

Investors and analysts interested in participating in the call are invited to dial 888-317-6003, or the international dial in, 412-317-6061, and reference conference ID number 7491258 approximately ten minutes prior to the start of the call. The conference call will be broadcast live over the internet and can be accessed through the following link: Designer Brands Inc 3Q25 Earnings Call

For those unable to listen to the live webcast, an archived version will be available at the same location until December 23, 2025. A replay of the teleconference will be available by dialing the following numbers: 

Replay:

US callers: 1-877-344-7529 

Canadian callers: 1-855-669-9658 

International callers: 1-412-317-0088 

Passcode: 2491453

About Designer Brands
Designer Brands is one of the world's largest designers, producers, and retailers of the most recognizable footwear brands and accessories, transforming and defining the footwear industry through a mission of being shoe obsessed. With a diversified, world-class portfolio of coveted brands, including Topo Athletic, Keds, Vince Camuto, Kelly & Katie, Jessica Simpson, Lucky Brand, Mix No. 6, Crown Vintage and others, Designer Brands designs and produces on-trend footwear and accessories for all of life's occasions delivered to the consumer through a robust direct-to-consumer omni-channel infrastructure and powerful national wholesale distribution. Powered by an approximately billion-dollar digital commerce business across multiple domains and over 650 DSW Designer Shoe Warehouse, The Shoe Co., and Rubino stores in North America, Designer Brands delivers current, in-line footwear and accessories from the largest national brands in the industry and holds leading market share positions in key product categories across women's, men's, and kids'. Designer Brands also distributes its brands internationally through select wholesale and distributor relationships while also leveraging design and sourcing expertise to build private label products for national retailers. Designer Brands is committed to being a difference maker in the world and the footwear industry. By leading with our corporate values of We Belong and We Do What's Right, Designer Brands supports the global community and the health of the planet by donating more than eleven million pairs of shoes to the global non-profit Soles4Souls since 2018. To learn more, visit www.designerbrands.com.

SOURCE Designer Brands Inc.

Medical device maker Medtronic topped Wall Street estimates for second-quarter profit and revenue on Tuesday, driven by strong demand for its heart disease and diabetes devices.

Full Year Results

Net sales increased 2.3% driven by Acquisition Net sales of $63.6 million and Organic Net sales growth of 0.7%(1)
Reported EPS of $3.32 & Adjusted EPS of $3.52, an increase of 6% on an adjusted basis (1)
Net earnings of $239.0 million & Adjusted EBITDA of $623.6 million (1)
Project Momentum surpassed over $200 million in savings during the three-year program
Extending Project Momentum to a fourth year, with a focus on ongoing tariff mitigation, increasing operational efficiency and the integration of the APS business

Fourth Quarter Results

Net sales increased 3.4% to $832.8 million driven by Acquisition Net sales of $42.8 million partially offset by Organic Net sales decline of 2.2%(1)
Reported EPS of $0.50 & Adjusted EPS of $1.05(1)

, /PRNewswire/ -- Energizer Holdings, Inc. (NYSE: ENR) today announced results for the fourth fiscal quarter and full fiscal year, which ended September 30, 2025. 

"Energizer delivered strong earnings in Fiscal 2025 by staying agile and focused in a volatile environment," said Mark LaVigne, Chief Executive Officer. "We adjusted quickly, found opportunities, and executed with discipline to deliver a strong year.  As we begin Fiscal 2026, we are operating through a period of transition, with the first quarter more heavily affected by temporary tariff costs and mitigation efforts.  However, we have responded decisively.  By extending Project Momentum and accelerating integration efforts, we will preserve margins and build flexibility to invest in future growth. With resilient categories, trusted brands, and a clear strategy, we are well-positioned to build on our success and accelerate performance as the year progresses."

Top-Line Performance

Net sales were $832.8 million for the fourth fiscal quarter compared to $805.7 million in the prior year period and $2,952.7 million for the fiscal year compared to $2,887.0 million for the prior fiscal year.

Fourth
Quarter

% Chg

Full Fiscal
Year

% Chg

Net sales - FY'24

$         805.7

$      2,887.0

Organic

(17.4)

(2.2) %

19.8

0.7 %

Acquisition impact

42.8

5.3 %

63.6

2.2 %

Change in highly inflationary markets

(2.8)

(0.3) %

(5.3)

(0.2) %

Impact of currency

4.5

0.6 %

(12.4)

(0.4) %

Net sales - FY'25

$         832.8

3.4 %

$      2,952.7

2.3 %

For the fourth fiscal quarter, organic Net sales decreased 2.2% from the prior year due to the following items: (1) 

Volumes declined 2.9% due to softer consumer demand, primarily in North America, partially offset by growth in e-commerce and international markets in Batteries & Lights, and new innovation and expanded distribution in Auto Care.
Partially offsetting the volume declines were pricing increases of 0.7% driven by innovation and tariffs across both segments.

For the fiscal year, organic Net sales increased 0.7% due to the following items: (1) 

Volumes grew 1.5% driven by new and expanded distribution and growth in e-commerce, as well as new innovation in Auto Care, partially offset by lower back-half category volumes as softer consumer demand impacted both segments.
Offsetting the volume growth were pricing declines of 0.8% driven by planned strategic pricing and promotional investments partially offset by innovation and tariff pricing.

Gross Margin

Gross margin percentage on a reported basis for the fourth fiscal quarter was 36.6%, versus 38.1% in the prior year quarter. Excluding the current and prior year restructuring costs, network transition costs and integration costs, Adjusted Gross margin was 38.5%, down 370 basis points from the prior year quarter.(1)

Gross margin percentage on a reported basis for fiscal 2025 was 41.7%, versus 38.3% in the prior year. Excluding the FY23 & FY24 production credits recorded in the current year, the current and prior year restructuring costs, network transition costs and integration costs, Adjusted Gross margin was 40.9% and consistent with prior year.(1) 

Fourth Quarter

Full Fiscal Year

Gross margin - FY'24 Reported

38.1 %

38.3 %

Prior year impact of restructuring, network transition and integration costs

4.1 %

2.6 %

Adjusted Gross margin - FY'24 (1)

42.2 %

40.9 %

FY25 production credits

1.0 %

1.4 %

Project Momentum initiatives

0.7 %

1.7 %

Pricing

0.4 %

(0.5) %

Product cost impacts

(2.2) %

(1.4) %

Tariffs

(2.1) %

(0.5) %

Acquisition impact

(1.0) %

(0.4) %

Currency impact, including highly inflationary markets

(0.5) %

(0.3) %

Gross margin - FY'25 Adjusted

38.5 %

40.9 %

Current year impact of restructuring, network transition and integration costs and FY23 & FY24 production credits

(1.9) %

0.8 %

Gross margin - FY'25 Reported

36.6 %

41.7 %

Adjusted Gross margin declined in the fourth fiscal quarter driven by increased input costs from production inefficiencies associated with rebalancing our network and increased warehousing, distribution and tariff costs, as well as the lower margin profile of the APS business.  These declines were partially offset by the FY25 production tax credit of $7.7 million and the Project Momentum initiatives, which delivered savings of approximately $6 million, as well as benefits from price increases implemented to offset tariff impacts.

Adjusted Gross margin was flat to fiscal 2024.  The benefits from the FY25 production credit of $41.6 million and the Project Momentum initiatives, which delivered savings of approximately $50 million, were fully offset by the full year impact from increased product costs from production inefficiencies associated with rebalancing our network and increased warehousing, distribution and tariff costs, as well as the lower margin profile of the APS business and the planned strategic pricing and promotional investments noted above.

Selling, General and Administrative Expense (SG&A)

SG&A for the fourth fiscal quarter was 15.4% of Net sales, or $128.2 million, as compared to 15.3% of Net sales, or $123.0 million, in the prior year when excluding restructuring and related costs, acquisition and integration costs and a litigation matter. The year-over-year increase was primarily driven by increased SG&A from the APS business of $7.3 million, increased investment in digital transformation and increased recycling fees. These increases were partially offset by savings from Project Momentum of approximately $4 million.(1) 

SG&A for fiscal 2025 was $495.5 million, or 16.8% of Net sales, as compared to $473.1 million, or 16.4% of Net sales, in the prior year when excluding restructuring and related costs, acquisition and integration costs, and a litigation matter. The year-over-year increase was primarily driven by increased SG&A from the APS business of $11.8 million, increased investment in digital transformation and increased legal and recycling fees.  This increase was partially offset by Project Momentum savings of approximately $14 million in the period.(1) 

Advertising and Promotion Expense (A&P)

A&P was 4.1% of Net sales for the fourth fiscal quarter and 5.1% of Net sales for fiscal 2025. A&P spending in the prior year was 4.6% for the fourth fiscal quarter of 2024 and 5.0% for fiscal 2024. For the quarter, this was a decrease of 50 basis points, or $3.3 million and for fiscal 2025 this was an increase of 10 basis points or $8.0 million.

Earnings Per Share and Adjusted EBITDA

Fourth Quarter

Full Fiscal Year

(In millions, except per share data)

2025

2024

2025

2024

Net earnings

$       34.9

$       47.6

$     239.0

$       38.1

Diluted net earnings per common share

$       0.50

$       0.65

$       3.32

$       0.52

Adjusted net earnings(1)

$       72.8

$       89.3

$     253.1

$     241.3

Adjusted diluted net earnings per common share(1)

$       1.05

$       1.22

$       3.52

$       3.32

Adjusted EBITDA(1)

$     171.2

$     187.3

$     623.6

$     612.4

Currency neutral Adjusted diluted net earnings per common share(1)

$       1.08

$       3.59

Currency neutral Adjusted EBITDA(1)

$     173.3

$     629.4

The decline in net earnings in the fourth fiscal quarter was primarily driven by a current year non-cash pre-tax impairment charge of $5.9 million on certain proprietary formulas the Company no longer plans to utilize and the increase in the loss on extinguishment of debt. The increase in net earnings in fiscal 2025 was primarily driven by the current and prior year production credits of $120.9 million recorded in fiscal 2025.  Fiscal 2024 was further impacted by the non-cash pre-tax impairment charge of $110.6 million.

For the fourth fiscal quarter, the decrease in Adjusted earnings and Adjusted EBITDA reflects the decrease in Gross margin due to the increased product costs and tariffs, as well as increased SG&A spending and unfavorable currency impacts, partially offset by Project Momentum savings, FY25 production tax credits and lower A&P spending. Adjusted earnings per share was further impacted by higher interest expense as the Company's overall debt balance has increased, partially offset by decreased tax expense.

For the full year, Adjusted net earnings per share and Adjusted EBITDA reflects improvement driven by Project Momentum, as well as the FY25 production credits, which were more than enough to offset the impacts of lower consumer demand and increased costs. Adjusted earnings per share further benefited from lower tax expense.

For the quarter, currency had an unfavorable pre-tax impact of $2.3 million, or $0.03 per share, and for fiscal 2025, currency had an unfavorable pre-tax impact of $6.0 million, or $0.07 per share.

Capital Allocation 

Operating cash flow for fiscal 2025 was $147.1 million. Fiscal 2025 free cash flow was $63.2 million, or 2.1% of Net sales.
The Company repurchased 1.2 million shares of common stock for $27.1 million, or $22.49 per share during the fourth fiscal quarter. During fiscal 2025, the Company repurchased a total of 4.0 million shares of common stock at $22.42 per share.
The Company paid dividends in the quarter of $21.3 million, or $0.30 per common share. Dividend payments for fiscal 2025 were $87.1 million, or $1.20 per common share.
The Company refinanced $500.0 million of existing debt during the fourth quarter.  The proceeds were used to redeem the 2027 6.50% notes and fully restore revolver capacity. 
Subsequent to year-end, the Company received a tax refund of $50.7 million, which included the fiscal 2024 production credit refund. The Company utilized these funds, as well as other funds, to pay down approximately $80.0 million of outstanding debt.

Financial Outlook and Assumptions for Fiscal 2026 (1)

For fiscal 2026, we expect organic Net sales to be flat to slightly up in both Batteries and Lights and Auto Care. Gross margin is expected to modestly decline, as the impact of tariffs will be largely offset through already executed pricing, production credits and productivity initiatives, with slight margin dilution from the inclusion of the APS business for the full year. As a result, we expect to deliver adjusted earnings per share for the full year in the range of $3.30 to $3.60 and Adjusted EBITDA in the range of $580 million to $610 million.

Our earnings cadence this year will be influenced by a challenging sales comparison and transitory costs, both of which are primarily impacting the first quarter.  Following the first quarter, we expect to generate double digit Adjusted earnings per share growth over the remainder of the year.  For the first quarter, we expect organic Net sales to decline high-single digits and Adjusted earnings per share to be in the range of $0.20 to $0.30.

Webcast Information

In conjunction with this announcement, the Company posted prepared comments under the Investor/Events & Presentation section of the Company website and will hold an investor conference call beginning at 10:00 a.m. eastern time today. The call will focus on fourth quarter and fiscal 2025 financial results and the financial outlook for fiscal 2026. All interested parties may access a live webcast of this conference call at www.energizerholdings.com, under "Investors" and "Events and Presentations" tabs or by using the following link:

https://app.webinar.net/weKgmMqmP4p

For those unable to participate during the live webcast, a replay will be available on www.energizerholdings.com, under "Investors," "Events and Presentations," and "Past Events" tabs.

(1)

See Press Release attachments and supplemental schedules for additional information, including the GAAP to Non-GAAP reconciliations.

This document contains both historical and forward-looking statements. Forward-looking statements are not based on historical facts but instead reflect our expectations, estimates or projections concerning future results or events, including, without limitation, the future sales, gross margins, costs, earnings, cash flows, tax rates and performance of the Company. These statements generally can be identified by the use of forward-looking words or phrases such as "believe," "expect," "expectation," "anticipate," "may," "could," "will," "intend," "belief," "estimate," "plan," "target," "predict," "likely," "should," "forecast," "outlook," or other similar words or phrases. These statements are not guarantees of performance and are inherently subject to known and unknown risks, uncertainties and assumptions that are difficult to predict and could cause our actual results to differ materially from those indicated by those statements. We cannot assure you that any of our expectations, estimates or projections will be achieved. The forward-looking statements included in this document are only made as of the date of this document and we disclaim any obligation to publicly update any forward-looking statement to reflect subsequent events or circumstances. All forward-looking statements should be evaluated with the understanding of their inherent uncertainty. Numerous factors could cause our actual results and events to differ materially from those expressed or implied by forward-looking statements, including, without limitation:

Global economic and financial market conditions beyond our control might materially and negatively impact us.
Competition in our product categories might hinder our ability to execute our business strategy, achieve profitability, or maintain relationships with existing customers.
Changes in the retail environment and consumer preferences could adversely affect our business, financial condition and results of operations.
We must successfully manage the demand, supply, and operational challenges brought on by any disease outbreak, including epidemics, pandemics, or similar widespread public health concerns.
Loss or impairment of the reputation of our Company or our leading brands or failure of our marketing plans could have an adverse effect on our business.
Loss of any of our principal customers could significantly decrease our sales and profitability.
Our ability to meet our growth targets depends on successful product, marketing and operations innovation and successful responses to competitive innovation and changing consumer habits.
We are subject to risks related to our international operations, including tariffs and currency fluctuations, which could adversely affect our results of operations.
If we fail to protect our intellectual property rights, competitors may manufacture and market similar products, which could adversely affect our market share and results of operations.
Changes in production costs, including raw material prices and transportation costs, from inflation or otherwise, have adversely affected, and in the future could erode, our profit margins and negatively impact operating results.
Our reliance on certain significant suppliers subjects us to numerous risks, including possible interruptions in supply, which could adversely affect our business.
Our business is vulnerable to the availability of raw materials, our ability to forecast customer demand and our ability to manage production capacity.
The manufacturing facilities, supply channels or other business operations of the Company and our suppliers may be subject to disruption from events beyond our control.
The Company's future results may be affected by its operational execution, including its ability to achieve cost savings as a result of any current or future restructuring events.  
If our goodwill and indefinite-lived intangible assets become impaired, we will be required to record impairment charges, which may be significant.
A failure of a key information technology system could adversely impact our ability to conduct business.
We rely significantly on information technology and any inadequacy, interruption, theft or loss of data, malicious attack, integration failure, failure to maintain the security, confidentiality or privacy of sensitive data residing on our systems or other security failure of that technology could harm our ability to effectively operate our business and damage the reputation of our brands.
We may not be able to attract, retain and develop key employees, as well as effectively manage human capital resources.
We have significant debt obligations that could adversely affect our business.
Our credit ratings are important to our cost of capital.
We may experience losses or be subject to increased funding and expenses related to our pension plans.
The estimates and assumptions on which our financial projections are based may prove to be inaccurate, which may cause our actual results to materially differ from our projections, which may adversely affect our future profitability, cash flows and stock price.
If we pursue strategic acquisitions, divestitures or joint ventures, we might experience operating difficulties, dilution, and other consequences that may harm our business, financial condition, and operating results, and we may not be able to successfully consummate favorable transactions or successfully integrate acquired businesses.
Our business involves the potential for product liability claims, labeling claims, commercial claims and other legal claims against us, which could affect our results of operations and financial condition and result in product recalls or withdrawals.
Our business is subject to increasing government regulations in both the U.S. and abroad that could impose material costs.
Increased focus by governmental and non-governmental organizations, customers, consumers and shareholders on environmental, social and governance (ESG) issues, including those related to sustainability and climate change, may have an adverse effect on our business, financial condition and results of operations and damage our reputation.
We are subject to environmental laws and regulations that may expose us to significant liabilities and have a material adverse effect on our results of operations and financial condition.
Section 45X of the Internal Revenue Code contains production tax credits for certain battery components. Our ability to benefit from Section 45X production tax credits is not guaranteed and is dependent upon the federal government's ongoing implementation, guidance, regulations, or rulemakings.

In addition, other risks and uncertainties not presently known to us or that we consider immaterial could affect the accuracy of any such forward-looking statements. The list of factors above is illustrative, but by no means exhaustive. All forward-looking statements should be evaluated with the understanding of their inherent uncertainty. Additional risks and uncertainties include those detailed from time to time in our publicly filed documents, including those described under the heading "Risk Factors" in our Form 10-K filed with the Securities and Exchange Commission on November 19, 2024 and in our Form 10-Q filed August 4, 2025.

ENERGIZER HOLDINGS, INC.

CONSOLIDATED STATEMENTS OF EARNINGS

(Condensed)

(In millions, except per share data - Unaudited)

Quarter Ended
September 30,

Twelve Months Ended
September 30,

2025

2024

2025

2024

Net sales

$        832.8

$        805.7

$     2,952.7

$     2,887.0

Cost of products sold (1)

528.4

498.9

1,720.0

1,782.7

Gross profit

304.4

306.8

1,232.7

1,104.3

Selling, general and administrative expense (1)

136.8

146.1

532.4

526.3

Advertising and promotion expense

34.1

37.4

151.7

143.7

Research and development expense

8.3

8.5

32.6

31.6

Amortization of intangible assets

14.6

14.7

58.7

58.2

Impairment of intangible assets (2)

5.9

—

5.9

110.6

Interest expense

40.3

37.8

154.3

155.7

Loss on extinguishment/modification of debt (3)

6.8

0.3

12.1

2.4

Other items, net (1) (4)

4.2

2.5

0.9

22.0

Earnings before income taxes

53.4

59.5

284.1

53.8

Income tax expense

18.5

11.9

45.1

15.7

Net earnings

$           34.9

$           47.6

$        239.0

$           38.1

Basic net earnings per common share

$           0.51

$           0.66

$           3.37

$           0.53

Diluted net earnings per common share

$           0.50

$           0.65

$           3.32

$           0.52

Weighted average shares of common stock - Basic

68.4

71.8

70.9

71.8

Weighted average shares of common stock - Diluted

69.5

73.0

72.0

72.7

(1) See the attached Supplemental Schedules - Non-GAAP Reconciliations, which break out the Project Momentum restructuring and related costs, Network transition costs, FY23 & FY24 production tax credits, Acquisition and integration related costs, and Litigation matters recorded included within these lines.

(2) The non-cash impairment of intangible assets for the quarter and twelve months ended September 30, 2025 related to impairing the remaining book value of certain proprietary formulas the Company plans to no longer utilize. The non-cash Impairment of intangible assets for the twelve months ended September 30, 2024 related to the Company's Rayovac trade name impairment of $85.2 million and Varta trade name impairment of $25.4 million.

(3) The Loss on extinguishment/modification of debt for the quarter ended September 30, 2025 related to the Company's September 2025 redemption of the $300.0 million Senior Notes due in 2027. The loss for the twelve months ended September 30, 2025 also included the refinancing and extension of the Company's $760 million term loan and $500 million credit facility completed earlier in the year. The Loss on extinguishment/modification of debt for the quarter and twelve months ended September 30, 2024 related to the early repayment of term loan during the respective periods, as well as the term loan repricing during the prior year.

(4) During December 2023, a new president was inaugurated in Argentina bringing significant economic reform to the country including devaluing the Argentine Peso by 50% in the month of December (the "December 2023 Argentina Economic Reform"). As a result of this reform and devaluation, the Company has recorded $22.0 million of currency exchange and related losses within Other items, net for the twelve months ended September 30, 2024.

ENERGIZER HOLDINGS, INC.

CONSOLIDATED BALANCE SHEETS

(Condensed)

(In millions - Unaudited)

SEPTEMBER 30,

2025

2024

Assets

Current assets

Cash and cash equivalents

$                 236.2

$                 216.9

Trade receivables

404.2

441.3

Inventories

781.2

657.3

Other current assets

257.5

163.4

Total current assets

$              1,679.1

$              1,478.9

Property, plant and equipment, net

403.0

380.1

Operating lease assets

93.2

94.7

Goodwill

1,051.2

1,046.0

Other intangible assets, net

1,005.5

1,070.9

Deferred tax asset

166.6

145.8

Other assets

158.1

126.0

 Total assets

$              4,556.7

$              4,342.4

Liabilities and Shareholders' Equity

Current liabilities

Current maturities of long-term debt

$                     8.6

$                   12.0

Current portion of finance leases

1.5

0.6

Notes payable

13.7

2.1

Accounts payable

402.2

433.1

Current operating lease liabilities

16.2

18.2

Other current liabilities

352.8

353.8

Total current liabilities

$                 795.0

$                 819.8

Long-term debt

3,407.9

3,193.0

Operating lease liabilities

84.8

82.4

Deferred tax liability

6.1

8.3

Other liabilities

93.0

103.1

 Total liabilities

$              4,386.8

$              4,206.6

Shareholders' equity

Common stock

0.8

0.8

Additional paid-in capital

603.5

667.6

Retained earnings/(losses)

87.0

(128.4)

Treasury stock

(295.8)

(223.6)

Accumulated other comprehensive loss

(225.6)

(180.6)

Total shareholders' equity

$                 169.9

$                 135.8

Total liabilities and shareholders' equity

$              4,556.7

$              4,342.4

ENERGIZER HOLDINGS, INC.

CONSOLIDATED STATEMENT OF CASH FLOWS

(Condensed)

(In millions - Unaudited)

FOR THE YEARS ENDED
SEPTEMBER 30,

2025

2024

Cash Flow from Operating Activities

Net earnings

$               239.0

$                 38.1

  Adjustments to reconcile net earnings to net cash flow from operations:

Non-cash integration and restructuring charges

15.5

13.0

Impairment of intangible assets

5.9

110.6

Depreciation and amortization

126.7

120.5

Deferred income taxes

(16.6)

(43.3)

Share-based compensation expense

25.6

23.1

Gain on sale of real estate

—

(4.4)

Loss on extinguishment on debt

7.9

2.4

Foreign currency exchange loss included in income

1.6

32.1

Non-cash items included in income, net

11.9

17.8

Production tax credits

(120.9)

—

Other, net

(9.3)

(2.2)

  Changes in assets and liabilities used in operations, net of acquisitions

Decrease in accounts receivable, net

32.9

71.8

Increase in inventories

(88.6)

(4.0)

Increase in other current assets

(12.2)

(0.1)

(Decrease)/increase in accounts payable

(60.0)

62.2

Decrease in other current liabilities

(12.3)

(8.0)

Net cash from operating activities

147.1

429.6

Cash Flow from Investing Activities

Capital expenditures

(83.9)

(97.9)

Proceeds from sale of assets

—

7.3

Acquisitions, net of cash acquired

(14.3)

(22.4)

Purchase of available-for-sale securities

—

(5.2)

Proceeds from sale of available-for-sale securities

—

4.2

Net cash used by investing activities

(98.2)

(114.0)

Cash Flow from Financing Activities

Cash proceeds from issuance of debt with original maturities greater than 90 days

698.0

—

Payments on debt with maturities greater than 90 days

(523.5)

(200.8)

Net decrease in debt with maturities 90 days or less

(0.1)

(6.2)

Debt issuance costs

(13.6)

(0.9)

Premiums paid on extinguishment of debt

(4.9)

—

Payment of acquisition indemnification hold back

(0.5)

—

Dividends paid on common stock

(87.1)

(87.4)

Common stock repurchased

(89.7)

—

Taxes paid for withheld share-based payments

(7.7)

(5.0)

Net cash used by financing activities

(29.1)

(300.3)

Effect of exchange rate changes on cash, cash equivalents and restricted cash

(0.5)

(21.7)

Net increase/(decrease) in cash, cash equivalents and restricted cash

19.3

(6.4)

Cash, cash equivalents and restricted cash, beginning of period

216.9

223.3

Cash, cash equivalents and restricted cash, end of period

$               236.2

$               216.9

ENERGIZER HOLDINGS, INC.
Supplemental Schedules
Introduction to the Reconciliation of GAAP and Non-GAAP Measures
For the Quarter and Twelve Months ended September 30, 2025

The Company reports its financial results in accordance with accounting principles generally accepted in the U.S. ("GAAP").  However, management believes that certain non-GAAP financial measures provide users with additional meaningful comparisons to the corresponding historical or future period, and are used for management incentive compensation. These non-GAAP financial measures exclude items that are not reflective of the Company's on-going operating performance, such as restructuring and related costs, network transition costs, acquisition and integration costs, a litigation matter, FY23 & FY24 production credits, impairment of intangible assets, the loss on extinguishment/modification of debt, and the December 2023 Argentina Economic Reform. In addition, these measures help investors to analyze year over year comparability when excluding currency fluctuations as well as other Company initiatives that are not on-going.  We believe these non-GAAP financial measures are an enhancement to assist investors in understanding our business and in performing analysis consistent with financial models developed by research analysts. Investors should consider non-GAAP measures in addition to, not as a substitute for, or superior to, the comparable GAAP measures. In addition, these non-GAAP measures may not be the same as similar measures used by other companies due to possible differences in methods and in the items being adjusted.

We provide the following non-GAAP measures and calculations, as well as the corresponding reconciliation to the closest GAAP measure in the following supplemental schedules:

Segment Profit.  This amount represents the operations of our two reportable segments including allocations for shared support functions. General corporate and other expenses, amortization expense, impairment of intangible assets, interest expense, loss on extinguishment/modification of debt, other items, net, restructuring and related costs, network transition costs, FY23 & FY24 production credits, a litigation matter, and acquisition and integration costs have all been excluded from segment profit. 

Adjusted Net Earnings and Adjusted Diluted Net Earnings Per Common Share (EPS).  These measures exclude the impact of restructuring and related costs, network transition costs, FY23 & FY24 production credits, impairment of intangible assets, costs related to acquisition and integration, a litigation matter, the loss on extinguishment/modification of debt, and the December 2023 Argentina Economic Reform.

Non-GAAP Tax Rate. This is the tax rate when excluding the pre-tax impact of restructuring and related costs, network transition costs, impairment of intangible assets, costs related to acquisition and integration, FY23 & FY24 production credits, a litigation matter, the loss on extinguishment/modification of debt, and the December 2023 Argentina Economic Reform, as well as the related tax impact for these items, calculated utilizing the statutory rate for the jurisdiction where the impact was incurred.

Organic.  This is the non-GAAP financial measurement of the change in Net sales or segment profit that excludes or otherwise adjusts for the Acquisition impact, Change in highly inflationary markets and Impact of currency from the changes in foreign currency exchange rates as defined below:

Acquisition impact. The Company completed the Advanced Power Solutions acquisition on May 2, 2025. These adjustments include the impact of the operations associated with the acquired branded battery business. The Company will be working to transition from these branded business to legacy brands by December 31, 2025. This does not include the impact of acquisition and integration costs associated with this acquisition.
Change in highly inflationary markets. The Company is presenting separately all changes in sales and segment profit from our Egypt and Argentina affiliates due to the designation of the economies as highly inflationary as of October 1, 2024 and July 1, 2018, respectively.
Impact of currency. The Company evaluates the operating performance of our Company on a currency neutral basis. The Impact of Currency is the change in foreign currency exchange rates year-over-year on reported results, which is calculated by comparing the value of current year foreign operations at the current period USD exchange rate versus the value of current year foreign operations at the prior period USD exchange rate. The impact of currency also includes (gains)/losses of currency hedging programs, and it excludes highly inflationary markets.

Adjusted Comparisons.  Detail for adjusted gross profit, adjusted gross margin, adjusted SG&A and adjusted SG&A as percent of sales and adjusted Other items, net are also supplemental non-GAAP measure disclosures. These measures exclude the impact of restructuring and related costs, network transition costs, acquisition and integration costs, FY23 & FY24 production credits, a litigation matter, and the December 2023 Argentina Economic Reform.

EBITDA and Adjusted EBITDA. EBITDA is defined as net earnings before income tax provision, interest, the loss on extinguishment/modification of debt, and depreciation and amortization. Adjusted EBITDA further excludes the impact of the costs related to restructuring, network transition costs, FY23 & FY24 production credits, a litigation matter, and the December 2023 Argentina Economic Reform, impairment of intangible assets, acquisition and integration costs, and share based payments.

Free Cash Flow. Free Cash Flow is defined as net cash provided by operating activities reduced by capital expenditures, net of the proceeds from asset sales.

Net Debt. Net Debt is defined as total Company debt, less cash and cash equivalents.

Currency-neutral. Currency-neutral excludes the Impact of currency as defined above on key measures. Highly inflationary markets are excluded from this calculation.

Energizer Holdings, Inc.
Supplemental Schedules - Segment Information and Supplemental Sales Data
For the Quarter and Twelve Months ended September 30, 2025
(In millions, except per share data - Unaudited)

Operations for Energizer are managed via two product segments: Batteries & Lights and Auto Care. Energizer's operating model includes a combination of standalone and shared business functions between the product segments, varying by country and region of the world. Shared functions include the sales and marketing functions, as well as human resources, IT and finance shared service costs. Energizer applies a fully allocated cost basis, in which shared business functions are allocated between segments. Such allocations are estimates, and may not represent the costs of such services if performed on a standalone basis. Segment sales and profitability, as well as the reconciliation to earnings before income taxes for the quarters and twelve months ended September 30, 2025 and 2024 are presented below:

For the Quarter Ended
September 30,

For the Twelve Months Ended
September 30,

Net sales

2025

2024

2025

2024

Batteries & Lights

$             677.2

$             651.6

$          2,332.7

$          2,259.5

Auto Care

155.6

154.1

620.0

627.5

Total Net sales

$             832.8

$             805.7

$          2,952.7

$          2,887.0

Segment Profit

Batteries & Lights

$             151.8

$             179.5

$             542.2

$             554.8

Auto Care

25.8

20.0

105.6

94.1

Total segment profit

$             177.6

$             199.5

$             647.8

$             648.9

General corporate and other expenses (1)

(27.9)

(28.7)

(118.9)

(115.3)

Restructuring and related costs (2)

(22.8)

(27.1)

(68.7)

(91.7)

Network transition costs (3)

(2.1)

(11.7)

(19.7)

(11.7)

Acquisition and integration costs (2)

(1.4)

(2.3)

(6.2)

(7.2)

FY23 & FY24 production credits (4)

(0.5)

—

78.0

—

Amortization of intangible assets

(14.6)

(14.7)

(58.7)

(58.2)

Impairment of intangible assets

(5.9)

—

(5.9)

(110.6)

      Litigation matter (5)

—

(13.7)

1.7

(13.7)

Interest expense

(40.3)

(37.8)

(154.3)

(155.7)

Loss on extinguishment/modification of debt

(6.8)

(0.3)

(12.1)

(2.4)

      December 2023 Argentina economic reform (2)

—

—

—

(22.0)

Other items, net - Adjusted (6)

(1.9)

(3.7)

1.1

(6.6)

Total earnings before income taxes

$               53.4

$               59.5

$             284.1

$               53.8

(1)

Recorded in SG&A on the Consolidated (Condensed) Statement of Earnings.

(2)

See the Supplemental Schedules - Non-GAAP Reconciliations for the line items where these charges are recorded in the Consolidated (Condensed) Statement of Earnings.

(3)

This represents incremental network transition costs, primarily related to freight and third-party packaging support, to maintain business continuity and service our customers as the Company decommissions certain facilities and relocates production and packaging lines as part of Project Momentum.  These costs were recorded in Cost of products sold on the Consolidated (Condensed) Statement of Earnings.

(4)

During fiscal 2025, the Company obtained reasonable assurance on the qualification of certain battery cell and manufacturing component product credits (production credits) eligibility under Section 45X of the Internal Revenue Code.  This adjustment represents the estimated production credits retroactive to the start of the credit period and prior to the current year. These credits were recorded in Cost of products sold on the Consolidated (Condensed) Statement of Earnings.

(5)

Litigation matter relates to a September 2024 Swiss court judgment against the Company which has now been resolved.

(6)

See the Supplemental Non-GAAP reconciliation for the Other items, net reconciliation between the reported and adjusted balances.

Supplemental product information is presented below for depreciation and amortization:

For the Quarter Ended
September 30,

For the Twelve Months Ended
September 30,

Depreciation and amortization

2025

2024

2025

2024

Batteries & Lights

$                14.3

$               13.1

$                54.9

$                50.3

Auto Care

3.2

3.1

13.1

12.0

Total segment depreciation and amortization

17.5

16.2

68.0

62.3

Amortization of intangible assets

14.6

14.7

58.7

58.2

Total depreciation and amortization

$                32.1

$               30.9

$              126.7

$              120.5

Energizer Holdings, Inc.
Supplemental Schedules - GAAP EPS to Adjusted EPS Reconciliation
For the Quarter and Twelve Months ended September 30, 2025
(In millions, except for per share data- Unaudited)

The following tables provide a reconciliation of Net earnings and Diluted net earnings per common share to Adjusted net earnings and Adjusted diluted net earnings per share, which are non-GAAP measures.

For the Quarter Ended
September 30,

For the Twelve Months Ended
September 30,

2025

2024

2025

2024

Net earnings

34.9

47.6

239.0

38.1

Pre-tax adjustments

Restructuring and related costs (1)

$             22.8

$             27.1

$             68.7

$             91.7

Network transition costs (1)

2.1

11.7

19.7

11.7

Acquisition and integration (1)

1.4

2.3

6.2

7.2

FY23 & FY24 production credits (1)

0.5

—

(78.0)

—

Impairment of intangible assets

5.9

—

5.9

110.6

Litigation matter (1)

—

13.7

(1.7)

13.7

Loss on extinguishment/modification of debt

6.8

0.3

12.1

2.4

December 2023 Argentina Economic Reform (1)

—

—

—

22.0

   Total adjustments, pre-tax

$             39.5

$             55.1

$             32.9

$           259.3

   Total adjustments, after tax

$             37.9

$             41.7

$             14.1

$           203.2

Adjusted net earnings (2)

$             72.8

$             89.3

$           253.1

$           241.3

Diluted net earnings per common share

$             0.50

$             0.65

$             3.32

$             0.52

Adjustments

Restructuring and related costs

$             0.33

$             0.28

$             0.80

$             0.97

Network transition costs

0.03

0.12

0.22

0.12

Acquisition and integration

0.03

0.02

0.08

0.08

FY23 & FY24 production credits

0.01

—

(1.08)

—

Impairment of intangible assets

0.07

—

0.07

1.16

Litigation matter

—

0.14

(0.02)

0.14

Loss on extinguishment/modification of debt

0.08

0.01

0.13

0.03

December 2023 Argentina Economic Reform

—

—

—

0.30

Adjusted diluted net earnings per diluted common share

$             1.05

$             1.22

$             3.52

$             3.32

Weighted average shares of common stock - Diluted

69.5

73.0

72.0

72.7

(1) See Supplemental Schedules - Non-GAAP Reconciliation for where these costs are recorded on the unaudited Consolidated (Condensed) Statement of Earnings.

(2) The Effective tax rate for the Adjusted - Non-GAAP Net Earnings and Diluted EPS for the quarters ended September 30, 2025 and 2024 was 21.6% and 22.1%, respectively, and for the twelve months ended September 30, 2025 and 2024 was 20.2% and 22.9%, respectively, as calculated utilizing the statutory rate for the jurisdictions where the costs were incurred.

Energizer Holdings, Inc.

Supplemental Schedules - Currency Neutral Results

For the Quarter and Twelve Months Ended September 30, 2025

(In millions, except per share data - Unaudited)

For the Quarter Ended

Prior
Quarter
Ended

September 30, 2025

% Change

% Change

As Reported

Impact of
Currency(1)

Currency
Neutral

September
30, 2024

As Reported
Basis

Currency
Neutral
Basis

As Reported under GAAP

Diluted net earnings per common share

$             0.50

$           (0.03)

$             0.53

$             0.65

(23.1) %

(18.5) %

Net earnings

$             34.9

$              (1.8)

$             36.7

$             47.6

(26.7) %

(22.9) %

As Adjusted (non-GAAP)(2)

Adjusted diluted net earnings per common share

$             1.05

$           (0.03)

$             1.08

$             1.22

(13.9) %

(11.5) %

Adjusted EBITDA

$           171.2

$              (2.3)

$           173.3

$           187.3

(8.6) %

(7.5) %

For the Twelve Months Ended

Prior
Twelve
Months
Ended

September 30, 2025

% Change

% Change

As Reported

Impact of
Currency(1)

Currency
Neutral

September
30, 2024

As Reported
Basis

Currency
Neutral
Basis

As Reported under GAAP

Diluted net earnings per common share

$             3.32

$           (0.07)

$             3.39

$             0.52

NM

NM

Net earnings

$           239.0

$              (4.8)

$           243.8

$             38.1

NM

NM

As Adjusted (non-GAAP)(2)

Adjusted diluted net earnings per common share

$             3.52

$           (0.07)

$             3.59

$             3.32

6.0 %

8.1 %

Adjusted EBITDA

$           623.6

$              (6.0)

$           629.4

$           612.4

1.8 %

2.8 %

(1) The Impact of Currency is the change in foreign currency exchange rates year-over-year on reported results, which is calculated by comparing the value of current year foreign operations at the current period USD exchange rate versus the value of current year foreign operations at the prior period USD exchange rate. The impact of currency also includes gains/(losses) of currency hedging programs, and it excludes highly inflationary markets.

(2) See supplemental schedules - Non-GAAP Reconciliations for full reconciliations of the Company's non-GAAP adjusted amounts.

NM - Percentages are not meaningful

Energizer Holdings, Inc.

Supplemental Schedules - Segment Sales

For the Quarter and Twelve Months Ended September 30, 2025

(In millions, except per share data - Unaudited)

Net sales

Batteries & Lights

Q1'25

% Chg

Q2'25

% Chg

Q3'25

% Chg

Q4'25

% Chg

FY '25

% Chg

Net sales - prior year

$  617.8

$  481.0

$ 509.1

$  651.6

$  2,259.5

Organic

24.9

4.0 %

14.2

3.0 %

2.5

0.5 %

(18.2)

(2.8) %

23.4

1.0 %

Acquisition impact

—

— %

—

— %

20.8

4.1 %

42.8

6.6 %

63.6

2.8 %

Change in highly inflationary markets

(5.4)

(0.9) %

1.2

0.2 %

1.4

0.3 %

(2.8)

(0.4) %

(5.6)

(0.2) %

Impact of currency

(4.9)

(0.7) %

(8.4)

(1.7) %

1.3

0.2 %

3.8

0.5 %

(8.2)

(0.4) %

Net sales - current year

$  632.4

2.4 %

$  488.0

1.5 %

$ 535.1

5.1 %

$  677.2

3.9 %

$  2,332.7

3.2 %

Auto Care

Net sales - prior year

$ 98.8

$  182.3

$ 192.3

$  154.1

$  627.5

Organic

2.1

2.1 %

(4.8)

(2.6) %

(1.7)

(0.9) %

0.8

0.5 %

(3.6)

(0.6) %

Change in highly inflationary markets

0.1

0.1 %

0.2

0.1 %

—

— %

—

— %

0.3

— %

Impact of currency

(1.7)

(1.7) %

(2.8)

(1.6) %

(0.4)

(0.2) %

0.7

0.5 %

(4.2)

(0.6) %

Net sales - current year

$ 99.3

0.5 %

$  174.9

(4.1) %

$ 190.2

(1.1) %

$  155.6

1.0 %

$  620.0

(1.2) %

Total Net sales

Net sales - prior year

$  716.6

$  663.3

$ 701.4

$  805.7

$  2,887.0

Organic

27.0

3.8 %

9.4

1.4 %

0.8

0.1 %

(17.4)

(2.2) %

19.8

0.7 %

Acquisition impact

—

— %

—

— %

20.8

3.0 %

42.8

5.3 %

63.6

2.2 %

Change in highly inflationary markets

(5.3)

(0.7) %

1.4

0.2 %

1.4

0.2 %

(2.8)

(0.3) %

(5.3)

(0.2) %

Impact of currency

(6.6)

(1.0) %

(11.2)

(1.7) %

0.9

0.1 %

4.5

0.6 %

(12.4)

(0.4) %

Net sales - current year

$  731.7

2.1 %

$  662.9

(0.1) %

$ 725.3

3.4 %

$  832.8

3.4 %

$  2,952.7

2.3 %

Segment Profit

Batteries & Lights

Q1'25

% Chg

Q2'25

% Chg

Q3'25

% Chg

Q4'25

% Chg

FY '25

% Chg

Segment Profit - prior year

$  132.4

$  113.5

$  129.4

$  179.5

$  554.8

Organic

(6.5)

(4.9) %

(0.3)

(0.3) %

27.7

21.4 %

(26.9)

(15.0) %

(6.0)

(1.1) %

Acquisition impact

—

— %

—

— %

0.4

0.3 %

1.8

1.0 %

2.2

0.4 %

Change in highly inflationary markets

(3.5)

(2.6) %

0.3

0.3 %

1.1

0.9 %

(1.1)

(0.6) %

(3.2)

(0.6) %

Impact of currency

(3.1)

(2.4) %

(1.2)

(1.1) %

0.2

0.1 %

(1.5)

(0.8) %

(5.6)

(1.0) %

Segment Profit - current year

$  119.3

(9.9) %

$  112.3

(1.1) %

$  158.8

22.7 %

$  151.8

(15.4) %

$  542.2

(2.3) %

Auto Care

Segment Profit - prior year

$  6.9

$ 40.4

$ 26.8

$ 20.0

$ 94.1

Organic

14.7

213.0 %

(3.5)

(8.7) %

—

— %

5.5

27.5 %

16.7

17.7 %

Change in highly inflationary markets

—

— %

0.1

0.2 %

—

— %

0.1

0.5 %

0.2

0.2 %

Impact of currency

(1.1)

(15.9) %

(1.8)

(4.4) %

(2.7)

(10.1) %

0.2

1.0 %

(5.4)

(5.7) %

Segment Profit - current year

$            20.5

197.1 %

$ 35.2

(12.9) %

$ 24.1

(10.1) %

$ 25.8

29.0 %

$  105.6

12.2 %

Total Segment Profit

Segment Profit - prior year

$  139.3

$  153.9

$  156.2

$  199.5

$  648.9

Organic

8.2

5.9 %

(3.8)

(2.5) %

27.7

17.7 %

(21.4)

(10.7) %

10.7

1.6 %

Acquisition impact

—

— %

—

— %

0.4

0.3 %

1.8

0.9 %

2.2

0.3 %

Change in highly inflationary markets

(3.5)

(2.5) %

0.4

0.3 %

1.1

0.7 %

(1.0)

(0.5) %

(3.0)

(0.5) %

Impact of currency

(4.2)

(3.0) %

(3.0)

(2.0) %

(2.5)

(1.6) %

(1.3)

(0.7) %

(11.0)

(1.6) %

Segment Profit - current year

$  139.8

0.4 %

$  147.5

(4.2) %

$  182.9

17.1 %

$  177.6

(11.0) %

$  647.8

(0.2) %

Energizer Holdings, Inc.

Supplemental Schedules - Non-GAAP Reconciliations

For the Quarter and Twelve Months Ended September 30, 2025

(In millions, except per share data - Unaudited)

Gross Profit

Q1'25

Q2'25

Q3'25

Q4'25

Q1'24

Q2'24

Q3'24

Q4'24

2025

2024

Net sales

$731.7

$662.9

$725.3

$832.8

$716.6

$663.3

$701.4

$805.7

$2,952.7

$2,887.0

Reported Cost of products sold

462.1

403.9

325.6

528.4

449.6

410.0

424.2

498.9

1,720.0

1,782.7

Gross profit

$269.6

$259.0

$399.7

$304.4

$267.0

$253.3

$277.2

$306.8

$1,232.7

$1,104.3

Gross margin

36.8 %

39.1 %

55.1 %

36.6 %

37.3 %

38.2 %

39.5 %

38.1 %

41.7 %

38.3 %

Adjustments

Restructuring and related costs

9.4

8.7

2.9

12.8

12.8

15.5

13.4

21.2

33.8

62.9

Network transition costs

14.0

2.7

0.9

2.1

—

—

—

11.7

19.7

11.7

Acquisition and integration costs

—

—

—

0.5

2.9

—

0.2

—

0.5

3.1

FY23 & FY24 Production credits

—

—

(78.5)

0.5

—

—

—

—

(78.0)

—

Cost of products sold - adjusted

438.7

392.5

400.3

512.5

433.9

394.5

410.6

466.0

$1,744.0

1,705.0

Adjusted Gross profit

$293.0

$270.4

$325.0

$320.3

$282.7

$268.8

$290.8

$339.7

$1,208.7

$1,182.0

Adjusted Gross margin

40.0 %

40.8 %

44.8 %

38.5 %

39.5 %

40.5 %

41.5 %

42.2 %

40.9 %

40.9 %

SG&A

Q1'25

Q2'25

Q3'25

Q4'25

Q1'24

Q2'24

Q3'24

Q4'24

2025

2024

Reported SG&A

$131.3

$136.0

$128.3

$136.8

$128.1

$122.5

$129.6

$146.1

$532.4

$526.3

Reported SG&A % of Net sales

17.9 %

20.5 %

17.7 %

16.4 %

17.9 %

18.5 %

18.5 %

18.1 %

18.0 %

18.2 %

Adjustments

Restructuring and related costs

10.9

9.2

5.1

7.7

9.6

7.9

9.8

7.1

32.9

34.4

Acquisition and integration costs

1.2

2.3

1.3

0.9

0.7

0.7

1.4

2.3

5.7

5.1

Litigation matter

—

—

(1.7)

—

—

—

—

13.7

(1.7)

13.7

SG&A Adjusted - subtotal

$119.2

$124.5

$123.6

$128.2

$117.8

$113.9

$118.4

$123.0

$495.5

$473.1

SG&A Adjusted % of Net sales

16.3 %

18.8 %

17.0 %

15.4 %

16.4 %

17.2 %

16.9 %

15.3 %

16.8 %

16.4 %

Other items, net

Q1'25

Q2'25

Q3'25

Q4'25

Q1'24

Q2'24

Q3'24

Q4'24

2025

2024

Interest income

$(1.2)

$(0.6)

$(0.2)

$(1.2)

$(5.6)

$(2.4)

$(1.4)

$(1.3)

$(3.2)

$(10.7)

Foreign currency exchange (loss)/gain

(3.8)

0.4

2.0

3.2

2.7

5.9

(0.3)

2.8

1.8

11.1

Pension benefit other than service costs

—

—

—

0.1

1.0

1.0

1.1

0.9

0.1

4.0

Other

—

0.3

0.1

(0.2)

0.9

—

—

1.3

0.2

2.2

Other items, net - Adjusted

$(5.0)

$0.1

$1.9

$1.9

$(1.0)

$4.5

$(0.6)

$3.7

$(1.1)

$6.6

Acquisition and integration - TSA income

—

—

—

—

(1.0)

—

—

—

—

(1.0)

December 2023 Argentina Economic Reform

—

—

—

—

21.0

1.0

—

—

—

22.0

Gain on sale of real estate (restructuring)

—

—

—

—

—

—

(3.7)

(0.7)

—

(4.4)

Restructuring and related costs

—

(0.3)

—

2.3

—

—

(0.7)

(0.5)

2.0

(1.2)

Total Other items, net

$(5.0)

$(0.2)

$1.9

$4.2

$19.0

$5.5

$(5.0)

$2.5

$0.9

$22.0

Restructuring and related costs

Q1'25

Q2'25

Q3'25

Q4'25

Q1'24

Q2'24

Q3'24

Q4'24

2025

2024

Cost of products sold - Restructuring costs

$9.4

$8.7

$2.9

$7.6

$12.8

$15.5

$13.4

$21.2

$28.6

$62.9

Cost of products sold - US operating efficiency project

—

—

—

5.2

—

—

—

—

$5.2

$—

SG&A - Restructuring costs

4.8

3.8

3.4

5.2

5.7

4.6

7.0

2.6

17.2

19.9

SG&A - IT Enablement

6.1

5.4

1.7

2.5

3.9

3.3

2.8

4.5

15.7

14.5

Other items, net

—

(0.3)

—

2.3

—

—

(4.4)

(1.2)

2.0

(5.6)

Total Restructuring and related costs

$20.3

$17.6

$8.0

$22.8

$22.4

$23.4

$18.8

$27.1

$68.7

$91.7

Acquisition and integration

Q1'25

Q2'25

Q3'25

Q4'25

Q1'24

Q2'24

Q3'24

Q4'24

2025

2024

Cost of products sold

$—

$—

$—

$0.5

$2.9

$—

$0.2

$—

$0.5

$3.1

SG&A

1.2

2.3

1.3

0.9

0.7

0.7

1.4

2.3

5.7

5.1

Other items, net

—

—

—

—

(1.0)

—

—

—

—

(1.0)

Acquisition and integration related items

$1.2

$2.3

$1.3

$1.4

$2.6

$0.7

$1.6

$2.3

$6.2

$7.2

Energizer Holdings, Inc.

Supplemental Schedules - Non-GAAP Reconciliations

For the Quarter and Twelve Months Ended September 30, 2025

(In millions, except per share data - Unaudited)

Q1'25

Q2'25

Q3'25

Q4'25

FY 2025

Q4'24

FY2024

Net earnings

$      22.3

$      28.3

$    153.5

$      34.9

$     239.0

$       47.6

$       38.1

Income tax provision

7.8

8.1

10.7

18.5

45.1

11.9

15.7

Earnings before income taxes

30.1

36.4

164.2

53.4

284.1

59.5

53.8

Interest expense

37.0

38.0

39.0

40.3

154.3

37.8

155.7

Loss on extinguishment/modification of debt

0.1

5.2

—

6.8

12.1

0.3

2.4

Depreciation & Amortization

31.8

30.9

31.9

32.1

126.7

30.9

120.5

EBITDA

99.0

110.5

235.1

132.6

577.2

128.5

332.4

Adjustments:

Restructuring and related costs

20.3

17.6

8.0

22.8

68.7

27.1

91.7

Network transitional costs

14.0

2.7

0.9

2.1

19.7

11.7

11.7

Acquisition and integration costs

1.2

2.3

1.3

1.4

6.2

2.3

7.2

FY23 & FY24 production credits

—

—

(78.5)

0.5

(78.0)

—

—

Litigation matter

—

—

(1.7)

—

(1.7)

13.7

13.7

Impairment of intangible assets

—

—

—

5.9

5.9

—

110.6

December 2023 Argentina Economic Reform

—

—

—

—

—

—

22.0

Share-based payments

6.2

7.2

6.3

5.9

25.6

4.0

23.1

Adjusted EBITDA

$    140.7

$    140.3

$    171.4

$    171.2

$     623.6

$     187.3

$     612.4

Twelve Months Ended September 30,

Free cash flow

2025

2024

Net cash from operating activities

$                           147.1

$                                429.6

Capital expenditures

(83.9)

(97.9)

Proceeds from sale of assets

—

7.3

Free cash flow

$                             63.2

$                                339.0

Net Debt

9/30/2025

9/30/2024

Current maturities of long-term debt

$                                    8.6

$                                  12.0

Current portion of finance leases

1.5

0.6

Notes payable

13.7

2.1

Long-term debt

3,407.9

3,193.0

Total debt per the balance sheet

$                            3,431.7

$                            3,207.7

Cash and cash equivalents

236.2

216.9

Net Debt

$                            3,195.5

$                            2,990.8

Energizer Holdings, Inc.

Supplemental Schedules - Non-GAAP Reconciliations

For the Quarter and Twelve Months Ended September 30, 2025

(In millions, except per share data - Unaudited)

Fiscal 2026 Outlook Reconciliation - Adjusted earnings and Adjusted diluted net earnings per common share (EPS)

Fiscal Q1 2026 Outlook

Fiscal Year 2026 Outlook

(in millions, except per share data)

Net earnings

EPS

Net earnings

EPS

Fiscal 2026 - GAAP Outlook

$(6)

to

$6

$(0.08)

to

$0.09

$172

to

$207

$2.45

to

$2.94

Impacts:

Restructuring and related costs

15

12

0.21

0.17

49

42

0.70

0.60

Loss on extinguishment of debt

1

1

0.01

0.01

2

1

0.03

0.01

Acquisition and integration costs

4

2

0.06

0.03

8

4

0.12

0.05

Fiscal 2026 - Adjusted Outlook

$14

to

$21

$0.20

to

$0.30

$231

to

$254

$3.30

to

$3.60

Fiscal 2026 Outlook Reconciliation - Adjusted EBITDA

(in millions, except per share data)

Net earnings

$172

to

$207

Income tax provision

16

to

57

Earnings before income taxes

$188

to

$264

Interest expense

155

145

Loss on extinguishment of debt

2

1

Amortization of intangible assets

55

50

Depreciation expense

75

65

EBITDA

$475

to

$525

Adjustments:

Restructuring and related costs

65

55

Acquisition and integration costs

10

5

Share-based payments

30

25

Adjusted EBITDA

$580

to

$610

SOURCE Energizer Holdings, Inc.