Market Signal Briefing

November 14, 2025 7:30 AM EST | Source: Atlas Lithium Corporation
Boca Raton, Florida--(Newsfile Corp. - November 14, 2025) - Atlas Lithium Corporation (NASDAQ: ATLX) ("Atlas Lithium" or "Company"), a leading lithium development company advancing Brazil's premier hard-rock lithium project, yesterday filed its quarterly financial statements with the Securities and Exchange Commission ("SEC"), demonstrating robust financial strength and significant momentum in procurement activities for its flagship Neves Project.

Strong Financial Foundation Supports Project Advancement

The Company's presented financial results underscore a solid financial position. In particular, the Company demonstrated a robust liquidity profile with cash and cash equivalents of $20.98 million as of September 30, 2025, representing 89% of its current assets of $23.55 million. With current liabilities of $6.38 million, Atlas Lithium maintains a strong current ratio of 3.69, highlighting financial strength. The Company's working capital of $17.17 million provides ample flexibility to meet current obligations, and fund ongoing operations without reliance on external financing.

"Our robust cash position and minimal debt provide us with the financial foundation to execute our development strategy while maintaining operational flexibility," said Marc Fogassa, Chairman and CEO of Atlas Lithium. "Our balance sheet is stronger than ever, a key factor in a market where lithium prices are still recovering."

Procurement Activities Demonstrate Strong Industry Interest

Atlas Lithium is making steady and substantial progress in its procurement processes, with strong interest from suppliers eager to participate in the Company's Neves Project implementation. The Company has attracted a broad group of bidders across multiple procurement packages to maximize opportunities for securing the most competitive solutions while allowing suppliers flexibility to propose alternative solutions. Key procurement milestones include:

Multiple Technical Site Visits: Atlas Lithium successfully hosted four comprehensive technical site visits in September 2025, with strong attendance from qualified contractors:September 9-10: Earthworks - 17 companies participated

September 11: Administrative & Operational Buildings - 14 companies attended

September 15: Civil Works - 11 companies engaged

September 16: Mechanical Assembly - 12 companies participated

Extensive Supplier Engagement: The Company received and processed 2,813 clarification questions from potential suppliers across all procurement packages, demonstrating exceptional market interest in the projectCritical Procurement Packages Advancing: Other key processes representing approximately 70% of the project's estimated direct capital expenditures are also advancing, including: Electromechanical Assembly

Mine Operation & Pre-Stripping

Crushing Equipment

Internal Road Engineering

"The exceptional level of contractor interest that we have witnessed appears to validate the attractiveness of our Neves Project," commented Eduardo Queiroz, PMO and VP of Engineering at Atlas Lithium. "With multiple qualified bidders competing across all major work packages, we are confident in our ability to secure competitive pricing and high-quality execution partners."

Strategic Progress Toward Production

The procurement activities are advancing in parallel with other critical project development workstreams as Atlas Lithium progresses toward its target of commencing production. The Company's Definitive Feasibility Study (DFS), completed by SGS Canada Inc. in August 2025, demonstrates robust project economics that position Atlas Lithium very well and among the world's most capital-efficient lithium developers. The DFS highlights robust financial metric estimates including a 145% after-tax Internal Rate of Return, $539 million after-tax Net Present Value, 11-month payback period, and operating costs of $489 per tonne of lithium concentrate. With projected direct capital expenditure of only $57.6 million - the lowest among announced projects in Brazil - the Neves Project benefits from open-pit mining with spodumene located near the surface and high-quality, low-impurity material as primary drivers of reduced costs. With the key operational permits secured in October 2024 and the $30M modular DMS processing plant now ready for assembly in Brazil, the Company continues to execute and steadily advance on its strategy to become a supplier of premium-quality lithium concentrate to global markets.

Safe Harbor Statement

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are based upon the current plans, estimates and projections of Atlas Lithium and its subsidiaries and are subject to inherent risks and uncertainties which could cause actual results to differ from the forward-looking statements. Such statements include, among others, those concerning market and industry segment growth and demand and acceptance of new and existing products; any projections of production, reserves, sales, earnings, revenue, margins or other financial items; any statements of the plans, strategies and objectives of management for future operations; any statements regarding future economic conditions or performance; uncertainties related to conducting business in Brazil, as well as all assumptions, expectations, predictions, intentions or beliefs about future events. Therefore, you should not place undue reliance on these forward-looking statements. The following factors, among others, could cause actual results to differ from those set forth in the forward-looking statements: Atlas Lithium's ability to successfully assemble and begin operations of its modular plant; reaching estimated production, development plans and cost estimates for the Neves Lithium Project as reported in the Definitive Feasibility Study (the "DFS"); discrepancies between actual and estimated mineral reserves and mineral resources, between actual and estimated development and operating costs, and between estimated and actual production; results from ongoing geotechnical analysis of projects; business conditions in Brazil; general economic conditions, geopolitical events, and regulatory changes; availability of capital; Atlas Lithium's ability to maintain its competitive position; manipulative attempts by short sellers to drive down our stock price; and dependence on key management.

Additional risks related to the Company and its subsidiaries are more fully discussed in the section entitled "Risk Factors" in the Company's Form 10-K filed with the Securities and Exchange Commission (the "SEC") on March 28, 2025, and in the Company's Form 10-Q filed with the SEC on November 13, 2025. Please also refer to the Company's other filings with the SEC, all of which are available at www.sec.gov. In addition, any forward-looking statements represent the Company's views only as of today and should not be relied upon as representing its views as of any subsequent date. The Company explicitly disclaims any obligation to update any forward-looking statements.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/274484

- Acquired 11 MW site in Mississippi with 7.5 MW mining in September and 26 MW total power capacity
- Raised net $21.3 million in August to build Bitcoin Treasury
- Mining margin improved to 49.0% from 41.0% in Q2 2025
- Executed private repurchase in October and authorized share buyback
- As of October 31, 2025 held 294.9 Bitcoin valued at approximately $32.2 million

TAMPA, Fla., Nov. 14, 2025 (GLOBE NEWSWIRE) -- LM Funding America, Inc. (NASDAQ: LMFA) (“LM Funding” or the “Company”), a Bitcoin treasury and mining company, today reported financial results for the three months ended September 30, 2025.

Q3’25 Financial Highlights

Total revenue for the quarter was $2.2 million dollars, up 13.0% sequentially from Q2 2025 and 73.5% year-over-year. The increase was driven by higher average Bitcoin prices and contributions from the Mississippi facility for the second half of September.The Company mined 17.6 Bitcoins during the quarter at an average price of approximately $114,000, compared to 18.4 Bitcoins in Q2 2025 at an average price of approximately $98,000. The sequential decline was due to higher curtailment and increased difficulty rate.Mining margin improved to 49.0%, compared with 41.0% in the second quarter 2025, driven by eliminating hosting costs, curtailment and energy sales offsetting mining costs, and higher fleet efficiency. The Company generated approximately $152,000 in curtailment and energy sales for the quarter. Mining margin is calculated as digital mining revenues minus digital mining cost of revenues net of curtailment and energy sales.Operating expenses increased $0.4 million driven by increase in staff costs related to the Mississippi site acquisition and performance compensation bonuses offset in part by gain on fair value of Bitcoin totaling $1.0 million.Net loss for the quarter was $3.7 million and Core EBITDA1 loss was $1.4 million as compared to the prior year quarter Net loss of $4.3 million and Core EBITDA loss of $1.9 million.Cash was approximately $0.3 million, and Bitcoin holdings totaled 304.5 Bitcoin, valued at $34.7 million based on Bitcoin price of approximately $114,000, as of September 30, 2025.Net book value of LM Funding stockholders’ equity was approximately $50.1 million, or $3.23 per share2, as of September 30, 2025.As of October 31, 2025 the Company held 294.9 Bitcoin, valued at approximately $32.2 million, based on a Bitcoin price of $109,225 as of October 31, 2025, or $2.64 Bitcoin per share3. Q3’25 and Recent Operational Highlights

$21.3 Million Treasury Raise: During the third quarter, LM Funding successfully raised approximately net $21.3 million through a $12.6 million registered direct offering and a $10.4 million private placement in August 2025, with the net proceeds primarily dedicated to enhancing the Company’s Bitcoin treasury. Proceeds from the financings were deployed to acquire 164 Bitcoin, increasing the Company’s holdings to approximately 304.5 Bitcoin as of quarter-end, further strengthening LM Funding’s balance sheet and long-term position.Mississippi 11 MW Acquisition: During the third quarter, LM Funding acquired an 11 MW Bitcoin mining facility in Columbus, Mississippi, advancing the Company’s vertical integration strategy. Approximately 7.5 MW of capacity were energized at closing, enabling immediate contribution to production. In addition, LM Funding redeployed more efficient miners to the site to optimize uptime and fleet performance. As a result, the Company achieved a 27.8% increase in Bitcoin production in October 2025 compared to September 2025.Oklahoma 2 MW Expansion: The Company made meaningful progress on its 2 MW immersion expansion at its 15 MW site in Oklahoma and secured 320 Bitmain S21 immersion units to support the upgrade. Containerized immersion systems are scheduled to be delivered this month, with energization targeted for December 2025, positioning the site to benefit from improved thermal performance, higher efficiency, and more consistent uptime year-round.Share Repurchase and Authorized Buyback Program: The Company recently completed a privately negotiated repurchase of approximately 3.3 million shares and warrants to purchase 7.3 million common shares that were originally issued in its August 2025 private placement, for a total purchase price of approximately $8.0 million. The transaction was financed through an $11 million credit facility with Galaxy Digital. Following the private repurchase, the Company’s Board of Directors authorized a $1.5 million share buyback program. Together, these actions reflect LM Funding’s conviction in its intrinsic value and commitment to increasing Bitcoin per share and mNAV for shareholders. Management Commentary

“The third quarter was about execution, integration, and disciplined capital allocation,” said Bruce Rodgers, Chairman and CEO of LM Funding. “We strengthened our Bitcoin treasury through a $21.3 million financing, completed the acquisition and integration of a 11-megawatt Mississippi facility, and expanded our owned infrastructure to 26 megawatts across two sites. After quarter-end, we simplified our capital structure with a private repurchase of units and authorized a share buyback program — tangible actions that demonstrate our belief in the value we’re building. We are long on Bitcoin and confident in our strategy to build equity value, and every decision we make is focused on improving per-share intrinsic value over time.”

“From closing and integrating the Mississippi facility to optimizing fleet performance and achieving a 28% month-over-month increase in Bitcoin production in October, we saw the benefits of control and scale take hold these last four months,” said Ryan Duran, President of US Digital Mining (“USDM”). “We now operate roughly 0.71 EH/s of capacity across 26 megawatts, with the next efficiency leap coming as our 2 MW immersion expansion in Oklahoma is anticipated to energize in December. The foundation continues to be built — owned power, efficient machines, and operational flexibility — and our focus from here is improving production, efficiency, and Bitcoin per share.”

“Revenue increased 74% year-over-year, mining margins improved to 49%, and our corporate actions are aimed at materially enhancing per-share value,” said Richard Russell, CFO of LM Funding. “Following quarter-end, we deployed $8.0 million from our Galaxy loan facility to repurchase more than 3.3 million shares and 7.3 million warrants, removing dilution and reducing share count. With a $1.5 million authorized buyback in place and a balance sheet anchored by Bitcoin, we have the flexibility to fund operations, expand capacity, and increase shareholder value while growing our Bitcoin treasury.”

Investor Conference Call

LM Funding America, Inc. (Nasdaq: LMFA) operates as a Bitcoin treasury and mining company. The Company was founded in 2008 and is based in Tampa, Florida. The Company also operates a technology-enabled specialty finance business that provides funding to nonprofit community associations primarily in the State of Florida. For more information, please visit https://www.lmfunding.com.

Conference Call Details

Date: November 14, 2025 Time: 8:00 AM EST Participant Call Links:  Live Webcast: Link Participant Call Registration: Link 
Forward-Looking Statements

This press release may contain forward-looking statements made pursuant to the Private Securities Litigation Reform Act of 1995. Words such as “anticipate,” “believe,” “estimate,” “expect,” “intend,” “plan,” and “project” and other similar words and expressions are intended to signify forward-looking statements. Forward-looking statements are not guarantees of future results and conditions but rather are subject to various risks and uncertainties. Some of these risks and uncertainties are identified in the Company's most recent Annual Report on Form 10-K and its other filings with the SEC, which are available at www.sec.gov. These risks and uncertainties include, without limitation, the risks of operating in the cryptocurrency mining business, our limited operating history in the cryptocurrency mining business and our ability to grow that business, the capacity of our Bitcoin mining machines and our related ability to purchase power at reasonable prices, our ability to identify and acquire additional mining sites, the ability to finance our site acquisitions and cryptocurrency mining operations, the risks associated with growing our Bitcoin treasury operations and strategy, our ability to acquire new accounts in our specialty finance business at appropriate prices, changes in governmental regulations that affect our ability to collected sufficient amounts on defaulted consumer receivables, changes in the credit or capital markets, changes in interest rates, and negative press regarding the debt collection industry. The occurrence of any of these risks and uncertainties could have a material adverse effect on our business, financial condition, and results of operations.

For investor and media inquiries, please contact:

Investor Relations
Orange Group
Yujia Zhai
[email protected]

    LM Funding America, Inc. and Subsidiaries Unaudited Consolidated Balance Sheets
     September 30, December 31, 2025
(unaudited) 2024
Assets   Cash$291,571  $3,378,152 Digital assets - current (Note 3) 11,399,701   9,021,927 Finance receivables 28,148   21,051 Marketable securities (Note 6) 23,630   27,050 Receivable from sale of Symbiont assets (Note 6) -   200,000 Prepaid expenses and other assets 904,079   827,237 Digital assets - collateral (Note 3) 5,500,000   - Income tax receivable 31,187   31,187 Current assets 18,178,316   13,506,604     Fixed assets, net (Note 4) 15,655,533   18,376,948 Intangible assets, net (Note 4) 6,748,137   5,478,958 Deposits on mining equipment (Note 5) 501,228   467,172 Long-term investments - equity securities (Note 6) 5,598   4,255 Investment in Seastar Medical Holding Corporation (Note 6) 58,995   200,790 Digital assets - long-term (Note 3) 16,402,955   - Digital assets - collateral (Note 3) 1,430,000   5,000,000 Right of use assets (Note 8) 785,918   938,641 Other assets 389,119   73,857 Long-term assets 41,977,483   30,540,621 Total assets$60,155,799  $44,047,225     Liabilities and stockholders' equity   Accounts payable and accrued expenses 3,071,168   989,563 Note payable - short-term (Note 7) 6,579,828   386,312 Due to related parties (Note 10) 59,337   15,944 Current portion of lease liability (Note 8) 190,821   170,967 Total current liabilities 9,901,154   1,562,786     Note payable - long-term (Note 7) 1,243,397   6,365,345 Lease liability - net of current portion (Note 8) 605,234   776,535 Long-term liabilities 1,848,631   7,141,880 Total liabilities 11,749,785   8,704,666     Stockholders' equity (Note 9)   Preferred stock, par value $.001; 150,000,000 shares authorized; no shares issued and outstanding as of September 30, 2025 and December 31, 2024 -   - Common stock, par value $.001; 350,000,000 shares authorized; 15,517,988 and 5,133,412 shares issued and outstanding as of September 30, 2025 and December 31, 2024 14,987   4,602 Additional paid-in capital 124,810,596   102,685,470 Accumulated deficit (74,690,296)  (65,662,731)Total LM Funding America stockholders' equity 50,135,287   37,027,341 Non-controlling interest (1,729,273)  (1,684,782)Total stockholders' equity 48,406,014   35,342,559 Total liabilities and stockholders’ equity$60,155,799  $44,047,225      LM Funding America, Inc. and Subsidiaries Unaudited Consolidated Statements of Operations
     Three Months ended September 30, Nine Months ended September 30, 2025
 2024
 2025
 2024
Revenues:       Digital mining revenues$2,010,404  $1,127,455  $6,090,708  $8,618,436 Specialty finance revenue 141,634   97,558   303,968   303,222 Rental revenue 26,265   30,460   83,288   92,766 Total revenues 2,178,303   1,255,473   6,477,964   9,014,424 Operating costs and expenses:       Digital mining cost of revenues (exclusive of depreciation and amortization shown below) 1,177,184   730,716   4,013,878   5,742,773 Curtailment and energy sales (151,887)  -   (524,842)  - Staff costs and payroll 2,537,105   1,567,984   4,675,209   3,648,898 Depreciation and amortization 1,972,133   1,935,835   6,049,054   5,787,390 Gain on fair value of Bitcoin, net (1,032,374)  (104,744)  (2,983,537)  (3,096,774)Impairment loss on mining equipment -   -   -   1,188,058 Professional fees 443,335   628,686   1,116,649   1,622,914 Selling, general and administrative 448,487   209,088   1,133,871   582,675 Real estate management and disposal 14,687   31,144   73,421   89,430 Collection costs 1,702   15,054   27,643   36,396 Settlement costs with associations -   -   3,693   - Loss on disposal of assets -   12,449   286,359   54,506 Other operating costs 284,929   229,784   799,889   667,401 Total operating costs and expenses 5,695,301   5,255,996   14,671,287   16,323,667 Operating loss (3,516,998)  (4,000,523)  (8,193,323)  (7,309,243)Unrealized gain (loss) on marketable securities 10,400   (3,296)  (3,420)  984 Impairment loss on prepaid machine deposits -   (12,941)  -   (12,941)Unrealized gain (loss) on investment and equity securities 16,422   (346,866)  (140,452)  (852,624)Gain (loss) on fair value of purchased Bitcoin, net -   -   (52,704)  57,926 Other income - coupon sales -   -   -   4,490 Interest expense (235,282)  (124,035)  (683,734)  (231,754)Interest income 916   98,343   2,592   124,696 Loss before income taxes (3,724,542)  (4,389,318)  (9,071,041)  (8,218,466)Income tax expense -   -   -   - Net loss$(3,724,542) $(4,389,318) $(9,071,041) $(8,218,466)Less: loss (gain) attributable to non-controlling interest (4,903)  105,043   43,476   265,296 Net loss attributable to LM Funding America Inc.$(3,729,445) $(4,284,275) $(9,027,565) $(7,953,170)Less: deemed dividends (Note 9) (347,782)  (1,704,305)  (347,782)  (1,704,305)Net loss attributable to common shareholders$(4,077,227) $(5,988,580) $(9,375,347) $(9,657,475)        Basic loss per common share (Note 1)$(0.41) $(2.25) $(1.39) $(3.82)Diluted loss per common share (Note 1)$(0.41) $(2.25) $(1.39) $(3.82)        Weighted average number of common shares outstanding       Basic 9,986,433   2,659,974   6,768,862   2,525,160 Diluted 9,986,433   2,659,974   6,768,862   2,525,160                  LM Funding America, Inc. and Subsidiaries Unaudited Consolidated Statements of Cash Flows
   Nine Months ended September 30, 2025
 2024
CASH FLOWS FROM OPERATING ACTIVITIES:   Net loss$(9,071,041) $(8,218,466)Adjustments to reconcile net loss to net cash used in operating activities       Depreciation and amortization 6,049,054   5,787,390 Noncash lease expense 152,723   79,629 Amortization of debt issue costs 66,994   - Stock issued for services -   100,001 Stock compensation -   76,322 Stock option expense 259,384   332,415 Accrued investment income -   (123,076)Accrued interest expense on finance lease 42,875   - Digital assets other income -   (4,490)Gain on fair value of Bitcoin, net (2,930,833)  (3,154,700)Impairment loss on mining machines -   1,188,058 Impairment loss on hosting deposits -   12,941 Unrealized loss (gain) on marketable securities 3,420   (984)Unrealized loss on investment and equity securities 140,452   852,624 Loss on disposal of fixed assets 286,359   54,506 Change in operating assets and liabilities:   Prepaid expenses and other assets 391,857   3,650,696 Repayments to related party 43,393   41,541 Accounts payable and accrued expenses 2,081,605   (664,681)Mining of digital assets (6,090,708)  (8,618,436)Lease liability payments (194,322)  (81,304)Net cash used in operating activities (8,768,788)  (8,690,014)CASH FLOWS FROM INVESTING ACTIVITIES:   Net collections of finance receivables - original product (3,145)  (4,618)Net collections of finance receivables - special product (3,952)  (1,571)Capital expenditures (635,691)  (1,228,428)Proceeds from sale of fixed assets 953,153   78,806 Collection of note receivable 200,000   1,449,066 Acquisition of hosting site (4,230,368)  - Investment in notes receivable -   (2,867,195)Investment in digital assets - Bitcoin (18,673,167)  - Investment in digital assets - Tether (29,572)  - Proceeds from sale of Bitcoin 6,984,091   6,821,185 Proceeds from the sale of Tether 29,460   3,003 Deposits for mining equipment (1,004,326)  - Distribution to members (1,015)  (19,616)Net cash provided by (used in) investing activities (16,414,532)  4,230,632 CASH FLOWS FROM FINANCING ACTIVITIES:   Proceeds from borrowings, net of issuance costs 1,240,195   6,344,084 Insurance financing repayments (588,123)  (547,022)Exercise of options -   25,000 Proceeds from warrant exercise 95,999   - Proceeds from the issuance of common stock, net of issuance costs 21,348,668   2,148,704 Net cash provided by financing activities 22,096,739   7,970,766 NET INCREASE (DECREASE) IN CASH (3,086,581)  3,511,384 CASH - BEGINNING OF PERIOD 3,378,152   2,401,831 CASH - END OF PERIOD$ 291,571   $   5,913,215          SUPPLEMENTAL DISCLOSURES OF NON-CASH ACTIVITIES       Insurance financing$352,501  $- Change in accounting principle (see Note 1)$-  $614,106 Issuance of common stock as retainer for services$431,460  $- SUPPLEMENTAL DISCLOSURES OF CASHFLOW INFORMATION   Cash paid for taxes$-  $- Cash paid for interest$489,083  $222,697          NON-GAAP CORE EBITDA RECONCILIATION

Our reported results are presented in accordance with U.S. generally accepted accounting principles (“GAAP”). We also disclose Earnings before Interest, Tax, Depreciation and Amortization ("EBITDA") and Core Earnings before Interest, Tax, Depreciation and Amortization ("Core EBITDA") which adjusts for unrealized loss (gain) on investment and equity securities, loss on disposal of mining equipment, impairment loss on mining equipment and stock compensation expense and option expense, all of which are non-GAAP financial measures. We believe these non-GAAP financial measures are useful to investors because they are widely accepted industry measures used by analysts and investors to compare the operating performance of Bitcoin miners.

The following tables reconcile net loss, which we believe is the most comparable GAAP measure, to EBITDA and Core EBITDA:

             Three Months ended September 30,
 Nine Months ended September 30,
 2025 2024 2025 2024        Net income (loss)$(3,724,542)  $(4,389,318)  $(9,071,041)  $(8,218,466) Income tax expense-  -  -  - Interest expense235,282  124,035  683,734  231,754 Depreciation and amortization1,972,133  1,935,835  6,049,054  5,787,390 Loss before interest, taxes & depreciation$(1,517,127)  $(2,329,448)  $(2,338,253)  $(2,199,322) Unrealized loss (gain) on investment and equity securities(16,422)  346,866  140,452  852,624 Loss on disposal of mining equipment-  12,449  286,359  54,506 Impairment loss on mining equipment-  -  -  1,188,058 Stock compensation and option expense123,958  110,806  259,384  408,737 Core income (loss) before interest, taxes & depreciation$(1,409,591)  $(1,859,327)  $(1,652,058)  $304,603          __________________________
1 Core EBITDA is a non-GAAP financial measure, and a reconciliation of Core EBITDA to net income can be found below.
2 Calculated using 15,517,988 shares outstanding as of September 30,2025.
3 Calculated using 12,209,413 shares outstanding as of October 31, 2025.

A buildup of U.S. military forces in the Caribbean Sea are raising concerns about a potential strike on Venezuela, which is home to the world's largest oil reserves.

Hydroponic Basil, Potted Herbs, and Wheatgrass Accelerate; International Nutraceutical Sales Nearly Double Year-Over-Year

Company's Portfolio Optimization and Expansion into CEA-Informed, Better-For-You Shelf Stable Categories Pushes Market Penetration and Growth

Conference Call to Be Held Today at 8:00 am ET.

BELVIDERE, N.J., Nov. 14, 2025 (GLOBE NEWSWIRE) -- Edible Garden AG Incorporated (“Edible Garden” or the “Company”) (Nasdaq: EDBL, EDBLW), a leading provider of controlled environment agriculture (CEA) solutions and sustainable, locally grown organic produce, today announced financial results for the third quarter ended September 30, 2025. The third quarter is traditionally the slowest of the year for Edible Garden, however the results reflect the early benefits of the Company’s strategic evolution toward a CEA informed consumer packaged goods (CPG) model. The Company demonstrated revenue growth, with sales up 9% compared to the third quarter of 2024. Edible Garden also broadened its distribution network and gained momentum in the shelf-stable product segment. The fourth quarter, historically the Company’s strongest period, is expected to further demonstrate the positive impact of this transformation.

Financial & Operating Highlights for the Three Months Ended September 30, 2025

Non-perishable unit sales increased approximately 49.3% year-over-year, driven by strong performance across the Company’s shelf-stable product lines including Kick. Sports Nutrition, Pickle Party™, Pulp®, and Vitamin Whey®.Private Label products sold through major big box retailers outperformed in the second quarter, climbing 15.1% year-over-yearSame store Hydroponic Basil up 28.6%, Potted Herbs up 22.6%, and Wheatgrass up 59.2%International vitamin and supplements revenue rose 90.2% versus year-over-year “Over the past several quarters, we’ve been executing a strategic transformation of Edible Garden into a diversified, innovation-driven consumer packaged goods company, and we’re now seeing clear results,” said Jim Kras, Chief Executive Officer of Edible Garden. “The third quarter marked a key milestone as we experienced revenue growth, expanded our product distribution to Kroger to include fresh potted and cut herbs, added major retail customers including The Fresh Market, and expanded internationally through partners such as PriceSmart and Amazon.”

“Our CPG- focused strategy enables us to expand beyond fresh produce into shelf-stable, branded offerings that align with growing demand for clean-label, functional, and better-for-you foods. Our expanding portfolio - featuring Kick. Sports Nutrition, Pickle Party™, Pulp®, and Vitamin Whey® - is driving continued momentum and is expected to contribute to margin improvement, while supporting broader geographic reach and more consistent, year-round sales across both fresh and shelf-stable categories.”

“We further expanded our retail footprint during the quarter, launching our USDA Organic fresh herb line at Kroger, introducing Edible Garden-branded herbs at The Fresh Market, and strengthening our Midwest presence through Pete’s Fresh Market and Angelo Caputo’s Fresh Markets. We believe these relationships, along with robust private-label programs, underscore the growing strength of the Edible Garden brand and our commitment to freshness, innovation, and sustainability.”

“The acquisition of NaturalShrimp’s assets is expected to enhance our vertical integration and add sustainable aquaculture capabilities that align with our mission and brand values. Together with ongoing innovation under our Zero-Waste Inspired® mission, we are investing in health-focused product development and building a stronger platform for scale. We believe these initiatives will position Edible Garden as a next-generation sustainable food company with multiple high-growth revenue streams.”

“Looking ahead, we believe the most challenging phase of this transformation is behind us. We’ve built a more resilient organization—one that is better-positioned to capture growth across both fresh and non-perishable categories—and we are on our way toward achieving our goal of long-term, sustainable profitability. We’re excited about the opportunities that lie ahead for Edible Garden.”

Financial Results for the Three Months Ended September 30, 2025

Revenue increased 9% to $2.8 million, compared to $2.6 million in the third quarter of 2024. The 9% growth was primarily driven by strong performance across our shelf-stable product portfolio, including Kick.Sports Nutrition, Vitamin Whey, Pulp, and Pickle Party. With the strategic exit from floral and lettuce categories now complete, this quarter reflects the strength and resilience of our repositioned portfolio.

Gross profit totaled approximately $0.3 million, compared to $0.7 million in the prior-year quarter, reflecting higher labor, freight, and raw material costs, as well as inflationary pressures within the nutraceutical supply chain.

Selling, general and administrative expenses were $3.8 million, compared to $2.2 million in the same period last year, primarily due to higher depreciation expenses related to the assets purchased from Natural Shrimp and the associated right of use, legal, audit and accounting expenses

The Company refinanced its outstanding debt, securing a lower interest rate and more favorable terms. This refinancing is expected to reduce annual interest expense and reduce financing cash outflows, providing greater financial flexibility to support the Company’s strategic initiatives and growth objectives. Net loss was $4.0 million, compared to a net loss of $2.1 million in the third quarter of 2024.

The complete financial results for the quarter ended September 30, 2025, are available in the Company’s Quarterly Report on Form 10-Q, which will be filed with the Securities and Exchange Commission and available at: www.sec.gov.  

Conference Call

Edible Garden will host a conference call today at 8:00 A.M. Eastern Time to discuss the Company’s financial results for the quarter ended September 30, 2025, as well as the Company’s corporate progress and other developments.

The conference call will be available via telephone by dialing toll-free +1 808-506-0062 for U.S. callers or +1 973-528-0011 for international callers and entering access code 547767. A webcast of the call may be accessed at https://www.webcaster4.com/Webcast/Page/2914/53224 or on the investor relations section of the Company’s website at https://ediblegardenag.com/presentations/.

A webcast replay will be available on the investor relations section of the Company’s website through November 14, 2026. A telephone replay will be available approximately one hour following the call, through November 28, 2025, and can be accessed by dialing +1 877-481-4010 for U.S. callers or +1 919-882-2331 for international callers and entering access code 53224.

ABOUT EDIBLE GARDEN®

Edible Garden AG Incorporated is a leader in controlled environment agriculture (CEA), delivering locally grown, organic, better-for-you, sustainable produce and products through its Zero-Waste Inspired® next-generation farming model. Available in over 5,000 retail locations across the United States, Caribbean, and South America, Edible Garden is at the forefront of the CEA and sustainability technology movement, distinguished by its advanced safety-in-farming protocols, sustainable packaging, patented GreenThumb software, and innovative Self-Watering in-store displays. The Company operates state-of-the-art, vertically integrated greenhouses and processing facilities, including Edible Garden Heartland in Grand Rapids, Michigan; Edible Garden Prairie Hills in Webster City, Iowa; and its headquarters at Edible Garden Belvidere in New Jersey. It also partners with a network of contract growers strategically located near major U.S. markets to ensure freshness and reduce environmental impact.

Edible Garden’s proprietary GreenThumb 2.0 software—protected by U.S. Patents US 11,158,006 B1, US 11,410,249 B2, and US 11,830,088 B2—optimizes vertical and traditional greenhouse growing conditions while aiming to reduce food miles. Its patented Self-Watering display (U.S. Patent No. D1,010,365) is designed to extend plant shelf life and elevate in-store presentation. In addition to its core CEA operations, Edible Garden owns three patents in advanced aquaculture technologies: a closed-loop shrimp farming system (US 6,615,767 B1), a modular recirculating aquaculture setup with automated water treatment and feeding (US 10,163,199 B2), and a sensor-driven ammonia control method utilizing electrolytic chlorine generation (US 11,297,809 B1).

The Company has been recognized as a FoodTech 500 firm by Forward Fooding, a leading AgriFoodTech organization, and is a Giga Guru member of Walmart’s Project Gigaton sustainability initiative. Edible Garden also develops and markets a growing line of nutrition and specialty food products, including Vitamin Way® and Vitamin Whey®—plant and whey protein powders—and Kick. Sports Nutrition, a premium performance line for health-conscious athletes seeking cleaner, better-for-you options. The Company’s offerings further include fresh, sustainable condiments such as Pulp fermented gourmet and chili-based sauces, as well as Pickle Party, a collection of fermented fresh pickles and krauts.

Learn more at https://ediblegardenag.com.

For Pulp products, visit https://www.pulpflavors.com.

For Vitamin Whey® products, visit https://vitaminwhey.com.

For Kick. Sports Nutrition products, visit https://kicksportsnutrition.net/

Watch the Company’s latest corporate video here.

Forward-Looking Statements

This press release contains forward-looking statements, including with respect to the Company’s ability to improve its financial results, the Company’s growth strategies, the Company’s ability to expand into new product lines, and its performance as a public company. The words “believe,” “design,” “expect,” “potential,” “will,” and similar expressions are intended to identify forward-looking statements. These forward-looking statements are subject to a number of risks, uncertainties, and assumptions, including market and other conditions and the Company’s ability to improve its financial performance and achieve its growth objectives, and other factors set forth in the Company’s filings with the Securities and Exchange Commission, including the Company’s annual report on Form 10-K for the year ended December 31, 2024 and subsequent quarterly reports on Form 10-Q. Actual results might differ materially from those explicit or implicit in the forward-looking statements. The Company undertakes no obligation to update any such forward-looking statements after the date hereof to conform to actual results or changes in expectations, except as required by law.

Investor Contacts:
Crescendo Communications, LLC
212-671-1020
[email protected] 

(tables follow)

EDIBLE GARDEN AG INCORPORATEDUNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS(In thousands, except shares and par value)        September 30, December 31,   2025  2024        ASSETS       Current assets:      Cash $828  $3,530  Accounts receivable, net  1,661   1,968  Inventory, net  1,718   1,544  Prepaid expenses and other current assets  649   335          Total current assets  4,856   7,377          Property, equipment and leasehold improvements, net  10,648   3,145  Operating lease right-of-use assets  4,205   1,202  Finance lease right-of-use assets  81   114  Intangible assets, net  308   43  Other assets  34   34          TOTAL ASSETS $20,132  $11,915          LIABILITIES AND STOCKHOLDERS' EQUITYLIABILITIES:       Current liabilities:       Accounts payable and other accrued expenses $3,699  $4,018  Current maturities of operating lease liabilities  223   212  Current maturities of finance lease liabilities  44   41  Short-term debt, net of discounts  2,059   1,939  Derivative liability  79   -          Total current liabilities  6,104   6,210          Long-term liabilities:       Long-term debt, net of discounts  239   544  Long-term operating lease liabilities  824   992  Long-term finance lease liabilities  42   75          Total long-term liabilities  1,105   1,611          Total liabilities  7,209   7,821          COMMITMENTS AND CONTINGENCIES (Note 13)               STOCKHOLDERS' EQUITY:       Common stock ($0.0001 par value, 100,000,000 shares authorized, 3,083,899 and 1,065,402 shares outstanding as of September 30, 2025 and December 31, 2024, respectively)(1)  -   -  Preferred stock ($0.0001 par value, 10,000,000 shares authorized, 15,154 and no shares outstanding as of September 30, 2025 and December 31, 2024, respectively)  15,154   -  Additional paid-in capital  50,492   44,946  Obligation to issue shares  -   459  Accumulated deficit  (52,723)  (41,311)         Total stockholders' equity  12,923   4,094          TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $20,132  $11,915          (1)Adjusted to reflect the stock splits as described in Note 1.        EDIBLE GARDEN AG INCORPORATED UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS  (In thousands, except share and per-share information)                               Three Months Ended September 30  Nine Months Ended September 30    2025  2024  2025  2024              Revenue $2,817  $2,584  $8,681  $9,985  Cost of goods sold  2,544   1,885   7,686   7,696                Gross profit  273   699   995   2,289                Selling, general and administrative expenses  3,831   2,189   11,073   8,823  Gain on sale of asset  -   -   (1)  -  Loss from operations  (3,558)  (1,490)  (10,077)  (6,534)               Other income (expenses)             Interest expense, net  (387)  (409)  (1,216)  (944) Gain (Loss) from extinguishment of debt  (109)  (164)  (223)  (498) Other income / (loss)  -   -   95   4  Gain on change in derivative liability  9   -   9   -  Total other income (expenses)  (487)  (573)  (1,335)  (1,438)               NET LOSS  $(4,045) $(2,063) $(11,412) $(7,972)               Deemed dividend on warrants  -   -   (9,833)  -  NET LOSS ATTRIBUTABLE TO COMMON STOCKHOLDERS $(4,045) $(2,063) $(21,245) $(7,972)                             Net Income / (Loss) per common share - basic and diluted (1) $(1.38) $(16.32) $(9.95) $(118.25)               Weighted-Average Number of Common Shares Outstanding - Basic and Diluted (1)  2,934,311   126,416   2,134,797   67,416                (1) Adjusted to reflect the stock splits as described in Note 1.
                               

Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. 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.

Opendoor Technologies (NASDAQ:OPEN ) has become the preeminent meme stock lately, rallying from penny stock territory this past summer to one where its shares have rallied more than tenfold.

Alibaba is attempting integrate e-commerce and improved AI functions. Photographer: Paul Yeung/Bloomberg

© 2025 Bloomberg Finance LP

Alibaba Group Holding is preparing a major redesign of its flagship mobile AI app, aiming to bring it closer in look and function to OpenAI’s ChatGPT.

The move is part of a broader push to try and narrow the gap with its major Asian competitors and eventually to build a business around individual users, according to Bloomberg.

The company is expected begin by updating its current Tongyi apps on iOS and Android and adopting a new name, Qwen, drawn from the company’s widely recognized AI model. Over the coming months, Alibaba is expected to layer in more agent-style capabilities that can help users shop across services such as Taobao.

The relaunch marks one of Alibaba’s most ambitious attempts to build consumer revenue around artifical intelligence. The online giant, like rivals ranging from startup Minimax to TikTok owner ByteDance, has been racing to release more sophisticated models in the hope of matching the performance of leading AI players such as OpenAI and DeepSeek.

The long-term objective is to turn Qwen into a fully capable AI agent; a goal that has become generally central to the retail industry on both sides of the Pacific.

Alibaba also intends to introduce a version of Qwen for international markets, and according to reports over 100 engineers from across the organization have been assigned to the redesign, part of the broader AI investment effort that Alibaba Chief Executive Eddie Wu trailed in September.

Alibaba Sees Qwen Trail RivalsQwen currently lags ByteDance’s Doubao and Tencent Holdings’ Yuanbao in user traction. By weaving in shopping-related tools, Alibaba appears to be leaning on its traditional strength in e-commerce to draw more people to the app, especially as e-commerce evolves towards click-from-AI models.

MORE FOR YOU

The company currently offers both the Tongyi consumer apps and a separate Qwen Chat app on mobile, though the latter has fewer features. It is understood that the intention is to unify these under the Qwen name and establish it as the primary product.

Alibaba wants to build on the success of its consumer connections.

getty

The revamped app will remain free for the present time, but building a substantial user base could give Alibaba scope to charge for consumer services later and stand out in an increasingly crowded market.

Alibaba is also preparing to overhaul the way cross-border payments move through its $35 billion e-commerce ecosystem, betting on tokenization as the next major leap in global settlement infrastructure.

Alibaba Talks TokenizationDuring an interview with CNBC, Alibaba President Kuo Zhang said that the company is building a new payment network that uses a tokenized, stablecoin-like system to simplify international B2B transactions. The company is hoping to launch the platform by the end of the year.

In September, CEO Wu outlined plans for new models and a full AI stack, signaling Alibaba’s ambition to develop both consumer services and the underlying infrastructure, including chips.

Alibaba has previously tried before to bring its AI tools directly to the public. It overhauled its Quark search app earlier this year with the goal of turning it into a general-purpose AI assistant, and that app will continue to operate.

In its most recent quarter, Alibaba reported triple-digit growth in AI-related offerings, and its cloud business exceeded expectations, making it the company’s fastest-growing division.

Google must pay the German price comparison platform Idealo approximately 465 million euros ($542 million) in damages for market abuse, a Berlin court has ruled.

Burberry Group PLC (LSE:BRBY) has seen a modest uplift in broker expectations after analysts at Deutsche Bank highlighted signs of sequential progress in the company’s strategy.

The German bank's London-based analysts nudged up their price target to 1550p from 1500p and repeated a 'Buy' rating.

DB said inventory is lower, full-price sales are improving, and cost efficiencies are taking hold.

It added that the brand is gaining momentum, with clearer messaging supporting stronger sell-through across outerwear and scarves and spreading into other categories.

The first-half performance delivered a small beat, helped by stronger constant-FX sales. The wholesale order book was described as encouraging, with brand partners increasing commitments after recent sell-through trends. The broker noted management's confidence in a step-up in constant-FX sales in the second half, together with October trading of about 2%, which DB said had provided reassurance.

Forecasts have been nudged higher. The broker lifted its FY26 EBIT estimate by one percent to £150 million and raised its FY27 estimate by seven percent to £264 million.

Stocks might still be the preferred investment of choice. But exchange traded funds (ETFs) are quickly gaining ground.

KUALA LUMPUR, Malaysia, Nov. 14, 2025 (GLOBE NEWSWIRE) -- Treasure Global Inc. (NASDAQ: TGL) (“Treasure Global” or the “Company”), a Southeast Asia–anchored technology company, today announced that its subsidiary, Tadaa Technologies Sdn Bhd (“Tadaa”), has been appointed as the exclusive partner and treasury manager for 200 million UNIRWA tokens, with a projected value of USD 100 million, supporting the tokenization of real-world assets in real estate and hospitality across Southeast Asia.

This marks a significant milestone in the Company’s expansion into blockchain-based financial solutions and reinforces its commitment to building a transparent, regulated, secure, and safe digital asset ecosystem that generates sustainable revenue.

UNIRWA Token and OXI Wallet Integration

The UNIRWA token will be available on the upcoming OXI Wallet, scheduled for release in 1H 2026. The OXI Wallet is designed to provide regulated, secure, and transparent access to real-world asset-backed digital tokens and will play a crucial role in providing a secure platform, along with technology support and token structuring for UNIRWA.

Under the agreement, Tadaa will oversee and provide tokenization solutions and modelling services, including but not limited to assets classification, structure, technical and operational flows, regulatory and compliance framework advisory in connection with the UNIRWA token. Upon commencing the project, this integrated structure will enable Tadaa to maintain token stability and facilitate cross-platform utility, including the tokenized real-world assets exchange with real estate and hospitality assets backed transactions.

Revenue Model

As the exclusive partner and treasury manager for UNIRWA, Tadaa plans to develop three potential revenue channels within its digital asset business:

Management Returns — Income generated from managing and allocating token reserve assets, smart contract development, and technology infrastructure using compliant, yield-generating instruments.Transaction and Settlement Fees — Fees collected from token issuance, conversions, redemptions, and cross-border payments within the OXI Wallet platform.Platform Utility Revenues — Ecosystem service fees related to compliance facilitation and real-world asset tokenization solutions.
Together, these revenue streams are expected to strengthen the Company's fintech business and position to capitalize on the growing real-world asset tokenization market.

Market Growth and Industry Potential

Investor demand for asset-backed digital tokens continues to accelerate across Southeast Asia, as both individual and institutional participants seek regulated exposure to real-world assets through blockchain technology. This trend, coupled with the projections from industry reports, indicates a significant growth potential for the asset tokenization market in the coming years.

According to a joint report by Boston Consulting Group (BCG) and ADDX (2024), the global asset tokenization market is projected to reach USD 16.1 trillion by 2030, underscoring the immense potential of professionally managed tokenized assets.

Additionally, Citi Global Perspectives & Solutions (Citi GPS, March 2023) forecasts that the tokenization of financial and real-world assets could drive blockchain's growth, with private markets expected to expand 80-fold, reaching nearly USD 4 trillion in value by 2030.

“By managing the UNIRWA token, the Company aims to contribute to a structured, transparent, and secure digital asset ecosystem,” said Carlson Thow, Chief Executive Officer of Treasure Global Inc. “This initiative reflects our strategic expansion into regulated blockchain finance, building a foundation for scalable, recurring revenue growth through digital asset management and fintech innovation.”

“UNIRWA provides a professionally managed, asset-backed token framework for investors seeking transparent exposure to real-world assets,” said Eugene, Project Manager for UNIRWA. “Its structure combines reserve-backed stability with compliance, and auditing is designed to promote long-term value and investor confidence within the ecosystem.”

Revenue and Growth Outlook

This marks Treasure Global’s first exclusive partnership and treasury management collaboration in real-world asset (RWA) tokenization through its subsidiary Tadaa Technologies and the upcoming OXI Wallet platform. Through compliant RWA token structures, Treasure Global aims to establish recurring income streams, expand its fintech offerings, and reinforce its position in Southeast Asia’s rapidly growing digital asset economy.

Sources

Boston Consulting Group (BCG) & ADDX, Global Asset Tokenization Market Report 2024Citi Global Perspectives & Solutions (Citi GPS), Money, Tokens and Games: Blockchain’s Next Billion Users and Trillions in Value (March 2023) About Treasure Global:
Treasure Global is a Malaysia-based technology solutions provider specializing in innovative platforms that drive digital transformation in retail and services. The Company’s flagship product is the ZCITY Super App, which integrates e-payment solutions with customer loyalty rewards to create a seamless online-to-offline user experience. As of June 2025, ZCITY has attracted over 2.7 million registered users, positioning Treasure Global as a key player in Malaysia’s digital economy. Treasure Global continuously leverages cutting-edge technologies, including artificial intelligence and data analytics, to enhance its platform’s capabilities across e-commerce, fintech, and other verticals.

Visit treasureglobal.org for more information.

Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements reflect the Company’s current expectations, assumptions, and projections about future events and are subject to risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. Forward-looking statements typically include terminology such as “anticipates,” “believes,” “expects,” “intends,” “may,” “plans,” “projects,” “seeks,” “should,” “will,” or similar expressions.

Factors that could cause actual results to differ materially include, without limitation, the Company’s ability to expand its e-commerce platform and F&B distribution business, customer acceptance of new products and services, changes in economic conditions affecting its operations, the outcome of partnership discussions, the impact of global health crises, supply chain disruptions, competition, and regulatory risks related to data privacy and security. Additional risks include volatility in digital asset markets, potential vulnerabilities in custodial security, and evolving global and domestic regulatory frameworks applicable to blockchain technologies. These risks, along with other factors, are discussed in more detail in the Company’s filings with the U.S. Securities and Exchange Commission.

The forward-looking statements in this press release speak only as of the date hereof. The Company assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law.

CONTACT
Investor and media contact:
Investor Relations Team
Treasure Global
[email protected]

Indian state refiners have awarded their first joint, long-term tenders to Chevron , Phillips 66 and TotalEnergies Trading SA to import U.S. liquefied petroleum gas in 2026, two trade sources with knowledge of the matter said.

November 14, 2025 6:08 AM EST | Source: Bleichmar Fonti & Auld
New York, New York--(Newsfile Corp. - November 14, 2025) - Leading securities law firm Bleichmar Fonti & Auld LLP announces an investigation into Jamf Holding Corp.'s (NASDAQ: JAMF) board of directors for potential breaches of their fiduciary duties to shareholders in connection with a potential take-private sale of Jamf that would cash out every stockholder for $13.05 per share.

If you are a current shareholder of Jamf, you are encouraged to obtain additional information by visiting: https://www.bfalaw.com/cases/jamf-holding-corp-take-private-investigation.

Why is Jamf being Investigated?

On October 29, 2025, Jamf announced that it had agreed to be acquired by Francisco Partners Management, L.P. ("FP") for $13.05 per share. This price may represent an unfairly low price being paid to Jamf stockholders and may be the result of conflicts of interest between the Jamf board of directors, FP, and Vista Equity Partners ("Vista").

Vista exercises significant power over Jamf, owning 34.4% of the outstanding stock, and having contractual rights to appoint four out of the nine members of the Jamf board of directors. The board of directors of Jamf did not employ an independent special committee to evaluate the transaction. While the deal is conditioned on a stockholder vote, the Company has not excluded Vista from that vote.

BFA Law is investigating Jamf's board of directors and Vista to ascertain whether they have breached fiduciary duties to Jamf stockholders in connection with the contemplated transaction.

Click here for more information: https://www.bfalaw.com/cases/jamf-holding-corp-take-private-investigation.

What Can You Do?

If you are a current holder of Jamf you may have legal options and are encouraged to submit your information to the firm.

All representation is on a contingency fee basis, there is no cost to you. Shareholders are not responsible for any court costs or expenses of litigation. The firm will seek court approval for any potential fees and expenses.

Submit your information by visiting:

https://www.bfalaw.com/cases/jamf-holding-corp-take-private-investigation

Why Bleichmar Fonti & Auld LLP?

BFA is a leading international law firm representing plaintiffs in securities class actions and shareholder litigation. It has been named a top plaintiff law firm by Chambers USA, The Legal 500, and ISS SCAS, and its attorneys have been named "Elite Trial Lawyers" by the National Law Journal, among the top "500 Leading Plaintiff Financial Lawyers" by Lawdragon, "Titans of the Plaintiffs' Bar" by Law360 and "SuperLawyers" by Thomson Reuters. Among its recent notable successes, BFA recovered over $900 million in value from Tesla, Inc.'s Board of Directors, as well as $420 million from Teva Pharmaceutical Ind. Ltd.

For more information about BFA and its attorneys, please visit https://www.bfalaw.com.

https://www.bfalaw.com/cases/jamf-holding-corp-take-private-investigation

Attorney advertising. Past results do not guarantee future outcomes.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/274376

November 14, 2025 6:08 AM EST | Source: Bleichmar Fonti & Auld
New York, New York--(Newsfile Corp. - November 14, 2025) - Leading securities law firm Bleichmar Fonti & Auld LLP announces that a class action lawsuit has been filed against Stride, Inc. (NYSE: LRN) and certain of the Company's senior executives for securities fraud after significant stock drops resulting from the potential violations of the federal securities laws.

If you invested in Stride, you are encouraged to obtain additional information by visiting: https://www.bfalaw.com/cases/stride-inc-class-action-lawsuit.

Investors have until January 12, 2026, to ask the Court to be appointed to lead the case. The complaint asserts claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 on behalf of investors in Stride securities. The case is pending in the U.S. District Court for the Eastern District of Virginia and is captioned MacMahon v. Stride, Inc., et al., No. 1:25-cv- 02019.

Why is Stride Being Sued for Securities Fraud?

Stride is an education technology company that provides an online platform to students throughout the U.S. During the relevant period, Stride stated it was seeing "increasing growth in our business," "in-year strength in demand" for its products and services, and that its customers and potential customers "continue to choose us in record numbers."

As alleged, in truth, Stride had inflated enrollment numbers by retaining "ghost students," ignored compliance requirements for its employees, and had "poor customer experience" that resulted in "higher withdrawal rates," "lower conversion rates," and had driven students away.

Why did Stride's Stock Drop?

On September 14, 2025, a report stated that a complaint had been filed against Stride for fraud, deceptive trade practices, systemic violations of law, and intentional and tortious misconduct. It claimed Stride inflated enrollment numbers by retaining "ghost students" on rolls to secure state funding and ignored compliance requirements, including background checks and licensure laws for its employees. This news caused the price of Stride stock to drop $18.60 per share, or more than 11%, from a closing price of $158.36 per share on September 12, 2025, to $139.76 per share on September 15, 2025.

Then, on October 28, 2025, Stride admitted that "poor customer experience" resulted in "higher withdrawal rates," "lower conversion rates," and drove students away. Stride estimated the impact caused approximately 10,000-15,000 fewer enrollments and stated that, because of this, its outlook is "muted" compared to prior years. This news caused the price of Stride stock to drop $83.48 per share, or more than 54%, from a closing price of $153.53 per share on October 28, 2025, to $70.05 per share on October 29, 2025.

Click here for more information: https://www.bfalaw.com/cases/stride-inc-class-action-lawsuit.

What Can You Do?

If you invested in Stride you may have legal options and are encouraged to submit your information to the firm.

All representation is on a contingency fee basis, there is no cost to you. Shareholders are not responsible for any court costs or expenses of litigation. The firm will seek court approval for any potential fees and expenses.

Submit your information by visiting:

https://www.bfalaw.com/cases/stride-inc-class-action-lawsuit

Why Bleichmar Fonti & Auld LLP?

BFA is a leading international law firm representing plaintiffs in securities class actions and shareholder litigation. It has been named a top plaintiff law firm by Chambers USA, The Legal 500, and ISS SCAS, and its attorneys have been named "Elite Trial Lawyers" by the National Law Journal, among the top "500 Leading Plaintiff Financial Lawyers" by Lawdragon, "Titans of the Plaintiffs' Bar" by Law360 and "SuperLawyers" by Thomson Reuters. Among its recent notable successes, BFA recovered over $900 million in value from Tesla, Inc.'s Board of Directors, as well as $420 million from Teva Pharmaceutical Ind. Ltd.

For more information about BFA and its attorneys, please visit https://www.bfalaw.com.

https://www.bfalaw.com/cases/stride-inc-class-action-lawsuit

Attorney advertising. Past results do not guarantee future outcomes.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/274380

November 14, 2025 6:08 AM EST | Source: Bleichmar Fonti & Auld
New York, New York--(Newsfile Corp. - November 14, 2025) - Leading securities law firm Bleichmar Fonti & Auld LLP announces that a class action lawsuit has been filed against Synopsys, Inc. (NASDAQ: SNPS) and certain of the Company's senior executives for securities fraud after a significant stock drop resulting from the potential violations of the federal securities laws.

If you invested in Synopsys, you are encouraged to obtain additional information by visiting: https://www.bfalaw.com/cases/synopsys-inc-class-action-lawsuit.

Investors have until December 30, 2025, to ask the Court to be appointed to lead the case. The complaint asserts claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 on behalf of investors in Synopsys securities. The class action is pending in the U.S. District Court for the Northern District of California and is captioned Kim v. Synopsys, Inc., et al., No. 3:25-cv-09410.

Why Was Synopsys Sued for Securities Fraud?

Synopsys provides design automation software products used to design and test integrated circuits. The Company's Design IP segment, which provides pre-designed silicon components to semiconductor companies, has been the Company's fastest-growing segment, growing from 25% of its revenue in 2022, to 31% in 2024.

During the relevant period, Synopsys told investors that its customers "rely on Synopsys IP to minimize integration risk and speed time to market" and that it was seeing "strength in Europe and South Korea." Synopsys also stated it was "continuing to develop and deploy[] AI into our products and the operations of our business."

As alleged, in truth, the Company's Design IP customers began to require additional customization for IP components, which was deteriorating the economics of its Design IP business and jeopardizing its business model.

The Stock Declines as the Truth Is Revealed

On September 9, 2025, Synopsys released its Q3 2025 financial results, revealing its "IP business underperformed expectations." The Company reported revenue for its Design IP segment of $425.9 million, a 7.7% decline year-over-year and net income of $242.5 million, a 43% year-over-year decline. The Company revealed that its Design IP customers require "more and more customization," which "takes longer" and requires "more resources." As a result, the Company stated it was having "an ongoing dialogue with our customers" regarding changing its business model. This news caused the price of Synopsys stock to fall $217.59 per share, or nearly 36%, from $604.37 per share on September 9, 2025, to $387.78 per share on September 10, 2025.

Click here for more information: https://www.bfalaw.com/cases/synopsys-inc-class-action-lawsuit.

What Can You Do?

If you invested in Synopsys you may have legal options and are encouraged to submit your information to the firm.

All representation is on a contingency fee basis, there is no cost to you. Shareholders are not responsible for any court costs or expenses of litigation. The firm will seek court approval for any potential fees and expenses.

Submit your information by visiting:

https://www.bfalaw.com/cases/synopsys-inc-class-action-lawsuit

Why Bleichmar Fonti & Auld LLP?

BFA is a leading international law firm representing plaintiffs in securities class actions and shareholder litigation. It has been named a top plaintiff law firm by Chambers USA, The Legal 500, and ISS SCAS, and its attorneys have been named "Elite Trial Lawyers" by the National Law Journal, among the top "500 Leading Plaintiff Financial Lawyers" by Lawdragon, "Titans of the Plaintiffs' Bar" by Law360 and "SuperLawyers" by Thomson Reuters. Among its recent notable successes, BFA recovered over $900 million in value from Tesla, Inc.'s Board of Directors, as well as $420 million from Teva Pharmaceutical Ind. Ltd.

For more information about BFA and its attorneys, please visit https://www.bfalaw.com.

https://www.bfalaw.com/cases/synopsys-inc-class-action-lawsuit

Attorney advertising. Past results do not guarantee future outcomes.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/274383

November 14, 2025 6:09 AM EST | Source: Bleichmar Fonti & Auld
New York, New York--(Newsfile Corp. - November 14, 2025) - Leading securities law firm Bleichmar Fonti & Auld LLP announces that a class action lawsuit has been filed against Inspire Medical Systems, Inc. (NYSE: INSP) and certain of the Company's senior executives for securities fraud after a significant stock drop resulting from the potential violations of the federal securities laws.

If you invested in Inspire, you are encouraged to obtain additional information by visiting: https://www.bfalaw.com/cases/inspire-medical-systems-inc-class-action-lawsuit.

Investors have until January 5, 2026, to ask the Court to be appointed to lead the case. The complaint asserts claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 on behalf of investors in Inspire stock. The case is pending in the U.S. District Court for the District of Minnesota and is captioned City of Pontiac Reestablished General Employees' Retirement System v. Inspire Medical Systems, Inc., et al., No. 0:25-cv-04247.

Why is Inspire Being Sued for Securities Fraud?

Inspire develops and manufactures an implantable medical device for the treatment of sleep apnea. The latest version of the device is the Inspire V. The company announced FDA approval of Inspire V on August 2, 2024.

During the relevant period, Inspire repeatedly assured investors that it had taken all necessary steps to facilitate the launch of Inspire V and that it would launch the device as soon as sufficient inventory was available to meet supposedly high demand.

As alleged, in truth, Inspire failed to take basic steps to prepare clinicians and payors for the rollout, resulting in significant delays in adoption of the device. Moreover, the launch suffered from weak demand, as many customers already had excess inventory of the company's older devices.

Why did Inspire's Stock Drop?

On August 4, 2025, Inspire disclosed that the Inspire V launch was facing an "elongated timeframe" and as a result, it was reducing its 2025 earnings per share guidance by more than 80%. The company attributed the longer timeframe to a number of previously undisclosed factors including that many implanting centers "did not complete the training, contracting and onboarding required prior to the purchase and implant of Inspire V," that certain "software updates for claims submissions and processing did not take effect until July 1, [2025]" which meant implanting centers could not bill for procedures until that date, and that demand for the Inspire V was poor because Inspire's customers had a backlog of older versions of the company's device.

On this news, the price of Inspire stock dropped $42.04 per share, or more than 32%, from $129.95 per share on August 4, 2025, to $87.91 per share on August 5, 2025.

Click here for more information: https://www.bfalaw.com/cases/inspire-medical-systems-inc-class-action-lawsuit.

What Can You Do?

If you invested in Inspire you may have legal options and are encouraged to submit your information to the firm.

All representation is on a contingency fee basis, there is no cost to you. Shareholders are not responsible for any court costs or expenses of litigation. The firm will seek court approval for any potential fees and expenses.

Submit your information by visiting:

https://www.bfalaw.com/cases/inspire-medical-systems-inc-class-action-lawsuit

Why Bleichmar Fonti & Auld LLP?

BFA is a leading international law firm representing plaintiffs in securities class actions and shareholder litigation. It has been named a top plaintiff law firm by Chambers USA, The Legal 500, and ISS SCAS, and its attorneys have been named "Elite Trial Lawyers" by the National Law Journal, among the top "500 Leading Plaintiff Financial Lawyers" by Lawdragon, "Titans of the Plaintiffs' Bar" by Law360 and "SuperLawyers" by Thomson Reuters. Among its recent notable successes, BFA recovered over $900 million in value from Tesla, Inc.'s Board of Directors, as well as $420 million from Teva Pharmaceutical Ind. Ltd.

For more information about BFA and its attorneys, please visit https://www.bfalaw.com.

https://www.bfalaw.com/cases/inspire-medical-systems-inc-class-action-lawsuit

Attorney advertising. Past results do not guarantee future outcomes.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/274375

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Listen below or on the go via Apple Podcasts and Spotify

Merck (MRK) seen nearing acquisition of Cidara Therapeutics (CDTX) in deal potentially above $3.3 billion. (00:23) U.S., Argentina to open markets to key products in trade framework. (01:08) DoorDash (DASH) reveals October cybersecurity breach impacting its platform. (02:04)

This is an abridged transcript.

Cidara Therapeutics (CDTX) is up 85% as of the time of this recording.

This follows news that Merck (MRK) is nearing a deal to buy the company.

The Financial Times reported that Cidara is a drugmaker pioneering a long-acting antibody medicine that protects against flu.

A deal valuing Cidara at a premium to its $3.3 billion market capitalization could be announced as soon as Friday.

Merck was still vying with another pharmaceutical group for the biotech late on Thursday before the seller favoured its offer.

The exact price of the deal could not immediately be established.

According to the FT, any deal would likely involve cash upfront along with additional payouts tied to future clinical trial milestones.

The United States said Thursday it will lift tariffs on certain foods and other imports from Argentina, Ecuador, Guatemala, and El Salvador as part of new framework agreements aimed at expanding market access for U.S. companies.

Under the agreement, Argentina will offer preferential access for a variety of U.S. exports, including medicines, chemicals, machinery, IT products, medical devices, motor vehicles, and numerous agricultural goods.

Ecuador will lower or eliminate several tariff barriers on key products such as tree nuts, fresh fruit, pulses, wheat, wine, and distilled spirits. It will also completely remove a variable tariff on many agricultural products previously imposed under the Andean Price Band System.

The White House says in the coming weeks the countries will work on finalizing the deal so the leaders can put pen to paper.

More on the agreements in the Wall Street Breakfast newsletter. A link to sign up is in the show notes section.

DoorDash (DASH) said that its team recently identified and shut down a cybersecurity incident that involved an unauthorized third-party gaining access to and taking certain user information.

In a post on its website, the company said there is no indication that data was misused for fraud, identity theft.

DoorDash added that it’s boosting its security measures, rolling out more training for employees, bringing in an outside firm to help with the investigation, and bringing in law enforcement.

This isn’t the first time the company has dealt with a breach — back in 2019, information from about 5 million customers, Dashers, and merchants was exposed to an unauthorized party.

What’s Trending on Seeking Alpha

Fed's Kashkari did not back last rate cut, undecided on December - report

Google proposes changes to adtech business after EU fine, but no asset breakup

Blue Origin launches NASA's Mars mission, sticks booster landing for the first time

Dow, S&P and Nasdaq futures are in the red. Crude oil is up 2% at $60/barrel. Bitcoin is down 2.6% at $97,000. Gold is flat at $4,169.

The FTSE 100 is down 1.2% and the DAX is down 0.8%.

The biggest movers for the day premarket: Virgin Galactic (SPCE) +4% - Shares rose after the company beat top- and bottom-line estimates and narrowed its quarterly loss through lower operating expenses

On today’s economic calendar:

3:20 pm Atlanta Federal Reserve Bank President Raphael Bostic will participate in moderated conversation before the Association for Public Policy Analysis and Management annual conference.

And since it's Friday you know that means it’s Seeking Alpha weekly news quiz day. I’ll leave a link in the show notes section.

MONACO, Nov. 14, 2025 (GLOBE NEWSWIRE) -- Costamare Bulkers Holdings Limited (“Costamare Bulkers” or the “Company”) (NYSE: CMDB) today reported unaudited financial results for the third quarter and nine-month period ended September 30, 2025.

This earnings release focuses on the financial results and management’s discussion and analysis for the three-month period ended September 30, 2025, reflecting the Company’s performance during its first full quarter as an independent, publicly traded company.

Costamare Bulkers had no operating activity during the nine-month period ended September 30, 2024 and remained a wholly-owned subsidiary of Costamare Inc. (“Costamare”), a New York Stock Exchange (the “NYSE”) listed company, until May 6, 2025, when it became an independent, publicly traded company on NYSE through a spin-off from Costamare.

Costamare Bulkers had nominal operations from January 1, 2025 until late March 2025, when Costamare transferred to it the entities engaged in the dry bulk business, which own, have owned, or were formed with the intention to own dry bulk vessels. The results of these entities are included in Costamare Bulkers’ consolidated statement of operations for the three- and nine- month period ended September 30, 2025. On May 6, 2025, Costamare Bulkers also acquired from Costamare and a minority shareholder Costamare Bulkers Inc. (“CBI”), a dry bulk operating platform, whose results are included from that date forward. No comparative figures are presented for the three- and nine- month period ended September 30, 2024, as Costamare Bulkers had no operations during that time and all amounts would have been nil.

Financial Highlights and Operational Updates

I. PROFITABILITY - LIQUIDITY - DEBT

Q3 2025 Net Income of $7.4 million ($0.30 per share).Q3 2025 Adjusted Net Income1 of $5.4 million ($0.22 per share).Q3 2025 liquidity of $290.5 million2.Debt3 of $159.3 million and Cash4 of $205.8 million, resulting in negative net debt5 as of the end of Q3. II. REALIGNMENT OF TRADING PLATFORM AND INTEGRATION WITH OWNED FLEET

Entered into a Strategic Cooperation Agreement (the “Cooperation Agreement”) with Cargill International S.A. (“Cargill”) (announced on September 29, 2025), which included among other things: The transfer of the majority of CMDB’s trading book as of that date, including: Chartered-in vessels;Cargo transportation commitments (contracts of affreightment); andDerivatives positions. The charter-out of four Company-owned Supramax vessels for a period of four to six months. The above-mentioned transfers are currently in progress with the timing for completion dependent on, among other things, the agreement of third parties and the vessels operations’ schedule.As of November 13, 2025, the following transfers have been effected or have been agreed to become effected:

Novation or sub-charter to Cargill6 of 19 chartered-in vessels;Novation or relet to Cargill7 of the entire forward cargo book under the Cooperation Agreement; andTransfer of the entire FFA trading book under the Cooperation Agreement. In addition to the Cooperation Agreement, we have: Early-redelivered three chartered-in vessels.Chartered-out on long-term period two chartered-in vessels. The remaining chartered-in fleet consists of 128 third-party owned dry bulk vessels of which: 8 vessels are expected to be redelivered within Q4 2025/Q1 2026.4 vessels are expected to be redelivered within Q2 2026/Q4 2026. The realigned trading platform will aim to: focus on Kamsarmax-type vessels by building a balanced cargo-driven portfolio that optimizes earnings and manages downside exposure while maintaining flexibility through market cycles, andsupport the owned fleet through improved market insight and operational flexibility. III. OWNED FLEET 

Costamare Bulkers currently owns a fleet of 319 dry bulk vessels of a total capacity of approximately 2.8 million DWT, consisting of: 7 Capesize vessels out of which 6 are on period charters.7 Kamsarmax vessels out of which 5 are on period charters.8 Ultramax vessels all of which are on period charters.9 Supramax vessels out of which 7 are on period charters. The majority of the period charters are on index-linked charter agreements with owner’s option to convert to fixed rate based on the prevailing FFA curve. IV. SALE AND PURCHASE ACTIVITY

Vessel Disposals

Conclusion of the previously announced sale of the below vessels, generating net sale proceeds after debt prepayment of $44 million:

2010-built, 58,018 DWT capacity dry bulk vessel, Pythias.2011-built, 35,995 DWT capacity dry bulk vessel, Bernis.2011-built, 37,152 DWT capacity dry bulk vessel, Acuity.2012-built, 37,163 DWT capacity dry bulk vessel, Verity.2013-built, 37,071 DWT capacity dry bulk vessel, Equity.2012-built, 37,152 DWT capacity dry bulk vessel, Parity. Vessel Acquisition

Conclusion of the acquisition of the 2012-built, 176,387 DWT capacity dry bulk vessel, Imperator (ex. Imperator Australis). V. DEBT FINANCING 

Financed the acquisition of the Imperator through an existing hunting license facility. Total amount drawn of approximately $15.3 million.Approximately $84.7 million is available through one hunting license facility for the financing of vessels acquisitions until December 2027.No significant loan maturities until 2029.
______________
1 Adjusted Net Income and respective per share figures are non-GAAP measures and should not be used in isolation or as substitutes for Costamare Bulkers financial results presented in accordance with U.S. generally accepted accounting principles (“GAAP”). For the definition and reconciliation of these measures to the most directly comparable financial measure calculated and presented in accordance with GAAP, please refer to Exhibit I.
2 Liquidity includes Cash (as defined in footnote 4) plus $84.7 million of available undrawn funds from one hunting license facility as of September 30, 2025.
3 Long-term debt including non-current portion.
4 Cash and cash equivalents (including restricted cash) of $184.5 million plus margin deposits of $21.3 million relating mainly to our forward freight agreements (“FFAs”) and bunker swaps.
5 Net debt is equal to Debt (as defined in footnote 3) minus Cash (as defined in footnote 4).
6 On back-to-back terms with the original charterparties.
7 On back-to-back terms with the original agreements.
8 As of November 13, 2025 and excluding vessels agreed to be novated or sub-chartered on back-to-back terms pursuant to the Cooperation Agreement.
9 As of November 13, 2025.

Mr. Gregory Zikos, Chief Executive Officer of Costamare Bulkers Holdings Limited, commented:

“This is the first full quarter, during which the Company reports financial results as an independent, publicly traded entity.

During the quarter Costamare Bulkers generated net income of $7.4 million. With total cash of about $206 million and debt of ca. $160 million, the Company is in a net debt negative position, owning a fleet of 31 dry bulk vessels with an average age of approximately 13 years and an average size of ca. 91,700 DWT.

As previously announced, in September we entered into a Strategic Cooperation Agreement with Cargill whereby, among other things, we agreed to gradually transfer to Cargill the majority of our trading book. We have effectively transferred our entire forward cargo book and FFA positions, as well as the majority of the chartered-in vessels. We intend to maintain our operating platform as an integral part of our business mainly focusing on Kamsarmaxes with the goal to optimize earnings and tightly manage downside exposure.

We are progressing on our strategy to divest older and smaller tonnage and replacing it with younger and bigger-sized vessels. During the quarter we concluded the disposals of five Handysize ships and one Supramax vessel and we accepted delivery of one Capesize.

Regarding the market, the Capesize index retreated from late July by the end of August due to excess tonnage and softer Brazil flows, before rebounding in late September on the back of end-of-quarter Australia iron ore and Pacific weather disruptions. In October, China’s plan to impose reciprocal port restrictions on US-linked vessels triggered a brief spike in FFAs despite limited physical market impact. However, following the 30 October US–China meeting, the measures were suspended for a year under a trade de-escalation framework, leading Capes FFAs to ease. Panamax rates were lifted as well during October; however as measures were suspended they have since retreated.”

Financial Summary

(Expressed in thousands of U.S. dollars, except share and per share data)Nine-month period
ended September 30, 2025 Three-month period
ended September 30, 2025      Voyage revenue$265,979  $158,768 Voyage revenue – related parties$112,761  $64,106 Total voyage revenue$378,740  $222,874 Accrued charter revenue (1)$2  $1 Total voyage revenue adjusted on a cash basis (2)$378,742  $222,875 Adjusted Net Income / (Loss) (3)($10,423)  $5,361 Weighted Average number of shares   13,754,628   24,241,640 Adjusted Earnings / (Losses) per share (3)($0.76)  $0.22 Net Income / (Loss)($19,161)  $7,354 Weighted Average number of shares 13,754,628   24,241,640 Earnings / (Losses) per share($1.39)  $0.30        (1) Accrued charter revenue represents the difference between cash received during the period and revenue recognized during the period on a straight-line basis at the charter’s average rate. In the early years of a charter with escalating charter rates, voyage revenue will exceed cash received during the period and during the last years of such charter cash received will exceed revenue recognized on a straight-line basis. The reverse is true for charters with descending rates. 
(2) Total voyage revenue adjusted on a cash basis represents Total voyage revenue after adjusting for non-cash “Accrued charter revenue” recorded under charters with escalating or descending charter rates. However, Total voyage revenue adjusted on a cash basis is not a recognized measurement under U.S. GAAP. We believe that the presentation of Total voyage revenue adjusted on a cash basis is useful to investors because it presents the charter revenue for the relevant period based on the then-current daily charter rates.
(3) Adjusted Net Income / (Loss) and Adjusted Earnings / (Losses) per Share are non-GAAP measures. Refer to the reconciliation of Net Income / (Loss) to Adjusted Net Income / (Loss) and Adjusted Earnings / (Losses) per Share.

Non-GAAP Measures

The Company reports its financial results in accordance with U.S. GAAP. However, management believes that certain non-GAAP financial measures used in managing the business may provide users of these financial measures additional meaningful comparisons between current results and results in prior operating periods. Management believes that these non-GAAP financial measures can provide additional meaningful reflection of underlying trends of the business because they provide a comparison of historical information that excludes certain items that impact the overall comparability. Management also uses these non-GAAP financial measures in making financial, operating and planning decisions and in evaluating the Company’s performance. The tables below set out supplemental financial data and corresponding reconciliations to GAAP financial measures for the relevant periods. Non-GAAP financial measures should be viewed in addition to, and not as an alternative for, voyage revenue, net income, or other measures determined in accordance with GAAP. Non-GAAP financial measures include (i) Voyage revenue adjusted on a cash basis (reconciled above), (ii) Adjusted Net Income / (Loss) and (iii) Adjusted Earnings / (Losses) per Share.

Exhibit I 

Reconciliation of Net Income / (Loss) to Adjusted Net Income / (Loss) and Adjusted Earnings / (Losses) per Share

            Nine-month period ended September 30,  Three-month period ended September 30, (Expressed in thousands of U.S. dollars, except share and per share data)   2025   2025  Net Income / (Loss) $ (19,161) $7,354  Accrued charter revenue   2   1  Deferred charter-in expense   145   91  General and administrative expenses - non-cash component   1,192   869  Loss on sale of vessels   10,399   3,830  Loss on vessel held for sale   1,058   1,058  Non-recurring, non-cash write-off of loan deferred financing costs   274   157  Gain on derivative instruments, excluding realized (gain) / loss on derivative instruments (1)   (4,332)  (7,999) Adjusted Net Income / (Loss) $ (10,423) $5,361  Adjusted Earnings / (Losses) per Share $ (0.76) $0.22  Weighted average number of shares   13,754,628   24,241,640  
Adjusted Net Income / (Loss) and Adjusted Earnings / (Losses) per Share represent Net Income / (Loss) before non-cash “Accrued charter revenue” recorded under charters with escalating or descending charter rates, deferred charter-in expense, loss on vessel held for sale, loss on sale of vessels, non-recurring, non-cash write-off of loan deferred financing costs, general and administrative expenses - non-cash component and gain on derivative instruments, excluding realized (gain)/loss on derivative instruments. “Accrued charter revenue” is attributed to the timing difference between the revenue recognition and the cash collection. However, Adjusted Net Income / (Loss) and Adjusted Earnings / (Losses) per Share are not recognized measurements under U.S. GAAP. We believe that the presentation of Adjusted Net Income / (Loss) and Adjusted Earnings / (Losses) per Share are useful to investors because they are frequently used by securities analysts, investors and other interested parties in the evaluation of companies in our industry. We also believe that Adjusted Net Income / (Loss) and Adjusted Earnings / (Losses) per Share are useful in evaluating our ability to service additional debt and make capital expenditures. In addition, we believe that Adjusted Net Income / (Loss) and Adjusted Earnings / (Losses) per Share are useful in evaluating our operating performance and liquidity position compared to that of other companies in our industry because the calculation of Adjusted Net Income / (Loss) and Adjusted Earnings / (Losses) per Share generally eliminates the effects of the accounting effects of certain hedging instruments and other accounting treatments, items which may vary for different companies for reasons unrelated to overall operating performance and liquidity. In evaluating Adjusted Net Income / (Loss) and Adjusted Earnings / (Losses) per Share, you should be aware that in the future we may incur expenses that are the same as or similar to some of the adjustments in this presentation. Our presentation of Adjusted Net Income / (Loss) and Adjusted Earnings / (Losses) per Share should not be construed as an inference that our future results will be unaffected by unusual or non-recurring items.

(1)   Items to consider for comparability, when prior period figures are presented, include gains and charges. Gains positively impacting Net Income / (Loss) are reflected as deductions to Adjusted Net Income / (Loss). Charges negatively impacting Net Income / (Loss) are reflected as increases to Adjusted Net Income / (Loss).

Exhibit II

Owned Dry Bulk Fleet Utilization(1)

    Nine-month period ended September 30,  Three-month period ended September 30,    2025   2025 Owned Dry Bulk Fleet Available Days(*)   6,535   3,259 Owned Dry Bulk Fleet Utilization(*)   98.1%   98.4% 
(*) Since late March 2025, when Costamare transferred to Costamare Bulkers the entities engaged in the dry bulk business.

(1) We calculate utilization of our owned dry bulk fleet (including vessels chartered-in by CBI) by dividing (i) the aggregate number of our on-hire days and ballast days (excluding dry dock ballast days) in a period of our owned dry bulk fleet by (ii) the number of our available days (owned dry bulk fleet) during such period. We use the following definitions in our calculation of utilization of owned dry bulk fleet:

On-hire days. We define on-hire days as the total days that a vessel was on-hire during a period.
Ballast days (excluding dry dock ballast days). We define ballast days (excluding dry dock ballast days) during a period, as the total number of days that a vessel is not on-hire, but is conducting ordinary ship operations (other than dry dock ballast days) which includes repositioning from a discharging port to a loading port, sailing to a port for the conclusion of a prospective sale of a vessel or a change of the technical manager of a vessel.
Available days. We define available days as the number of our ownership days of our owned dry bulk fleet during a period less the aggregate number of dry dock days and dry dock ballast days during such period. We use the following definitions in our calculation of available days (owned dry bulk fleet):Dry dock days. We define dry dock days as the days during a period that a vessel underwent scheduled repairs or repairs under guarantee, vessel upgrades, scheduled dry-docking or special surveys.
Dry dock ballast days. We define dry dock ballast days as the total days during a period that a vessel spends sailing to and from a shipyard for scheduled repairs or repairs under guarantee, vessel upgrades, scheduled dry-docking or special surveys. Results of Operations

Three-month period ended September 30, 2025

The discussion below reflects the third quarter 2025 consolidated financial results of Costamare Bulkers Holdings Limited (“Costamare Bulkers”). No comparative figures are presented for the prior period, as Costamare Bulkers had no operations during that time and all amounts would have been nil.

During the three-month period ended September 30, 2025, we had an average of 35.5 vessels in our owned fleet. Furthermore, during the three-month period ended September 30, 2025, we chartered-in an average of 44.7 third-party dry bulk vessels.

During the three-month period ended September 30, 2025, we acquired and accepted delivery of the secondhand dry bulk vessels Imperator and Gorgo with an aggregate DWT capacity of 252,885, and we sold the vessels Acuity, Verity, Bernis, Equity, Pythias and Gorgo with an aggregate DWT capacity of 281,897.

During the three-month period ended September 30, 2025, our fleet ownership days totaled 3,270. Ownership days are one of the primary drivers of voyage revenue and vessels’ operating expenses and represent the aggregate number of days in a period during which each vessel in our fleet is owned.

Consolidated Financial Results and Vessels’ Operational Data(1)

  Three-month period
ended September 30,  (Expressed in millions of U.S. dollars,
except percentages) 2025   Voyage revenue$158.8   Voyage revenue – related parties 64.1   Total voyage revenue 222.9   Voyage expenses (65.8)  Charter-in hire expenses (117.4)  Voyage expenses – related parties (3.0)  Vessels’ operating expenses (19.3)  General and administrative expenses (3.3)  Management and agency fees – related parties (6.5)  General and administrative expenses – non-cash component (0.9)  Amortization of dry-docking and special survey costs (1.7)  Depreciation (9.3)  Loss on sale of vessels (3.8)  Loss on vessel held for sale (1.1)  Foreign exchange losses (0.2)  Interest income 1.0   Interest and finance costs (3.2)  Other, net 0.5   Gain on derivative instruments, net 18.5   Net Income$7.4         
Three-month period
ended September 30,  (Expressed in millions of U.S. dollars,
except percentages) 2025   Total voyage revenue$222.9   Accrued charter revenue -   Total voyage revenue adjusted on a cash basis(1)$222.9             Vessels’ operational data      Three-month period
ended September 30, 2025
 Average number of vessels(2) 35.5
   Ownership days(2) 3,270
   Number of vessels under dry-docking and special survey(2) -
   
(1) Total voyage revenue adjusted on a cash basis is not a recognized measurement under U.S. generally accepted accounting principles (“GAAP”). Refer to “Consolidated Financial Results and Vessels’ Operational Data” above for the reconciliation of Total voyage revenue adjusted on a cash basis.
(2) Vessels in our owned fleet.

Total Voyage Revenue

Total voyage revenue was $222.9 million during the three-month period ended September 30, 2025, and mainly includes voyage revenue earned by the charter-out activities of both owned and chartered-in vessels and contractual reimbursements from certain of our charterers for EU Emissions Allowances (“EUAs”) and Fuel EU Maritime penalties.

Voyage Expenses

Voyage expenses were $65.8 million for the three-month period ended September 30, 2025. Voyage expenses mainly include (i) fuel consumption, (ii) third-party commissions, (iii) port expenses, (iv) canal tolls and (v) EUAs and Fuel EU Maritime expenses; however, a significant portion of EUAs and Fuel EU Maritime expenses are contractually reimbursed by the charterers, as discussed in “Total Voyage Revenue”, mitigating the net expenses impact.

Charter-in Hire Expenses

Charter-in hire expenses were $117.4 million for the three-month period ended September 30, 2025, relating to the chartering-in of third-party dry bulk vessels.

Voyage Expenses – related parties

Voyage expenses – related parties were $3.0 million for the three-month period ended September 30, 2025. Voyage expenses – related parties represent (i) fees of 1.25%, in the aggregate, on voyage revenues earned by our owned fleet charged by a related manager and a related service provider and (ii) address commissions on certain charter-out agreements payable to a related agent. This commission is subsequently paid in full on a back-to-back basis by the related agent to its respective third-party clients with no benefit for the related agent.

Vessels’ Operating Expenses

Vessels’ operating expenses were $19.3 million during the three-month period ended September 30, 2025. Daily vessels’ operating expenses were $5,899 for the three-month period ended September 30, 2025. Daily operating expenses are calculated as vessels’ operating expenses for the period over the ownership days of the period.

General and Administrative Expenses

General and administrative expenses were $3.3 million during the three-month period ended September 30, 2025 and include an amount of $0.7 million that was paid to a related service provider.

Management and Agency Fees – related parties

Management fees charged by our related party managers were $3.9 million during the three-month period ended September 30, 2025. The amounts charged by our related party managers include amounts paid to third party managers of $0.8 million for the three-month period ended September 30, 2025. Furthermore, during the three-month period ended September 30, 2025, agency fees of $2.6 million, in aggregate, were charged by four related agents.

General and Administrative Expenses – non-cash component

General and administrative expenses - non-cash component for the three-month period ended September 30, 2025 amounted to $0.9 million, representing the value of the shares issued to a related service provider on September 30, 2025.

Amortization of Dry-Docking and Special Survey Costs

Amortization of deferred dry-docking and special survey costs was $1.7 million during the three-month period ended September 30, 2025. During the three-month period ended September 30, 2025, no vessel underwent her dry-docking and special survey.

Depreciation

Depreciation expense for the three-month period ended September 30, 2025 was $9.3 million.

Loss on Sale of Vessels

During the three-month period ended September 30, 2025, we recorded an aggregate loss of $3.8 million from the sale of the dry bulk vessels Acuity, Verity, Equity and Gorgo. Furthermore, we delivered to their new owners the dry-bulk vessels Pythias and Bernis (both vessels were classified as vessels held for sale during the second quarter of 2025).

Loss on Vessel Held for Sale

During the three-month period ended September 30, 2025, the dry bulk vessel Parity was classified as vessel held for sale and we recorded a loss on vessel held for sale of $1.1 million, which resulted from its estimated fair value measurement less costs to sell.

Interest Income

Interest income amounted to $1.0 million for the three-month period ended September 30, 2025.

Interest and Finance Costs

Interest and finance costs were $3.2 million during the three-month period ended September 30, 2025. Interest and finance costs include mainly interest expense on our bank loans, amortization of deferred financing costs and bank charges.

Gain on Derivative Instruments, net

As of September 30, 2025, we hold derivative financial instruments that do not qualify for hedge accounting. The change in the fair value of each derivative instrument that does not qualify for hedge accounting is recorded in the consolidated statements of operations.

As of September 30, 2025, the fair value of these instruments, in aggregate, amounted to a net liability of $1.5 million. During the three-month period ended September 30, 2025, the change in the fair value (fair value as of September 30, 2025 compared to fair value as of June 30, 2025) of the derivative instruments that do not qualify for hedge accounting, including the realized components of such derivative instruments during the period, resulted in a net gain of $18.5 million, which has been included in Gain on Derivative Instruments, net.

Cash Flows
Three-month period ended September 30, 2025

Condensed cash flows   (Expressed in millions of U.S. dollars)  Three-month period ended September 30, 2025 Net Cash Provided by Operating Activities  $31.9  Net Cash Provided by Investing Activities  $29.3  Net Cash Used in Financing Activities  $(7.8) 
Net Cash Provided by Operating Activities

Net cash flows provided by operating activities for the three-month period ended September 30, 2025 was $31.9 million. Net cash flows are mainly affected by (i) the working capital position, excluding the current portion of long-term debt and the accrued charter revenue (representing the difference between cash received in that period and revenue recognized on a straight-line basis), (ii) the net cash from operations, (iii) the dry-docking and special survey costs and (iv) the interest payments (including interest derivatives net receipts).

Net Cash Provided by Investing Activities

Net cash provided by investing activities was $29.3 million in the three-month period ended September 30, 2025, which mainly consisted of proceeds we received from the sale of the dry bulk vessels Acuity, Verity, Bernis, Equity, Pythias and Gorgo; partly offset by (i) the payments for the acquisition of the secondhand dry bulk vessels Gorgo and Imperator and (ii) payments for upgrades for certain of our dry bulk vessels.

Net Cash Used in Financing Activities  

Net cash used in financing activities was $7.8 million in the three-month period ended September 30, 2025, which mainly consisted of $7.7 million net payments relating to our debt financing agreements (including proceeds of $15.3 million we received from one debt financing agreement).

Liquidity 

Cash and cash equivalents

As of September 30, 2025, we had Cash and cash equivalents (including restricted cash) of $184.5 million and $21.3 million in margin deposits in relation to our FFAs, bunker swaps and EUA futures. Including the $84.7 million of available undrawn funds from our hunting license facility, our total liquidity as of September 30, 2025 was approximately $290.5 million.

Conference Call details:

On November 14, 2025 at 8:30 a.m. EST, Costamare Bulkers management team will hold a conference call to discuss the financial results. Participants should dial into the call 10 minutes before the scheduled time using the following numbers: 1-800-860-2442 (from the US), 0808-238-9064 (from the UK) or +1-412-858-4600 (from outside the US and the UK). Please quote “Costamare Bulkers”. A replay of the conference call will be available until November 21, 2025. The United States replay number is +1-855-669-9658; the standard international replay number is +1-412-317-0088; and the access code required for the replay is: 5058584.

Live webcast:
There will also be a simultaneous live webcast over the Internet, through the Costamare Bulkers website (www.costamarebulkers.com). Participants to the live webcast should register on the website approximately 10 minutes prior to the start of the webcast.

About Costamare Bulkers Holdings Limited
Costamare Bulkers Holdings Limited is an international owner and operator of dry bulk vessels. Costamare Bulkers’ owned dry bulk fleet consists of 31 vessels with a total carrying capacity of approximately 2,842,000 DWT. Costamare Bulkers also owns a dry bulk operating platform (CBI) which charters in/out dry bulk vessels, enters into contracts of affreightment, forward freight agreements and may also utilize hedging solutions. Costamare Bulkers’ common stock trades on the New York Stock Exchange under the symbol “CMDB”.

Forward-Looking Statements
This earnings release contains “forward-looking statements”. In some cases, you can identify these statements by forward-looking words such as “believe”, “intend”, “anticipate”, “estimate”, “project”, “forecast”, “plan”, “potential”, “may”, “should”, “could”, “expect” and similar expressions. You should not place undue reliance on these statements. These statements are not historical facts but instead represent only the Company’s beliefs regarding future results, many of which, by their nature, are inherently uncertain and outside of the Company’s control. Although the Company believes that its expectations stated in this earnings release are based on reasonable assumptions, it is possible that actual results may differ, possibly materially, from those anticipated in these forward-looking statements. For a discussion of some of the risks and important factors that could affect future results, see the discussion in the Company’s Registration Statement on Form 20-F (File No. 001-42581). All forward-looking statements reflect management’s current views with respect to certain future events, and the Company expressly disclaims any obligation to update or revise any of these forward-looking statements, whether because of future events, new information, a change in the Company’s views or expectations, or otherwise.

Company Contacts:
Gregory Zikos – Chief Executive Officer
Dimitris Pagratis - Chief Financial Officer
Konstantinos Tsakalidis - Business Development

Costamare Bulkers Holdings Limited, Monaco
Tel: (+377) 92 00 1745
Email: [email protected]

Owned Vessels Fleet List

The table below provides information about our owned fleet as of November 13, 2025.

 Vessel NameYear BuiltCapacity (DWT)1FRONTIER2012181,4152MIRACLE2011180,6433PROSPER2012179,8954DORADO2011179,8425MAGNES2011179,5466IMPERATOR2012176,3877ENNA2011175,9758AEOLIAN201283,4789GRENETA201082,16610HYDRUS201181,60111PHOENIX201281,56912BUILDER201281,54113FARMER201281,54114SAUVAN201079,70015MERCHIA201563,58516DAWN201863,56117SEABIRD201663,55318ORION201563,47319DAMON201263,30120ARYA201361,42421ALWINE201461,09022AUGUST201561,09023ATHENA201258,01824ERACLE201258,01825NORMA201058,01826CURACAO201157,93727URUGUAY201157,93728SERENA201057,26629LIBRA201056,70130CLARA200856,55731BERMONDI200955,469
Chartered-In Vessels Fleet List

The table below provides information about our chartered-in fleet as of November 13, 2025.

 Vessel NameYear BuiltCapacity (DWT)Earliest Redelivery to Owners1SHANDONG MIGHTINESS2021210,896September 20262SHANDONG MISSION(i)2021210,800November 20263SHANDONG RENAISSANCE(i)2022210,800December 20264CAPE PROTEUS2011180,585January 20265MILDRED2011179,678February 20266NAVIOS LUZ(iii)2010179,144December 20257MILESTONE2010176,354February 20268GRAMPUS CHARM201382,937December 20259NAVIOS LIBRA(ii)201982,011January 202610NAVIOS CITRINE(ii)201781,626January 202611AOM BIANCA(iii)201781,600December 202512GEORGITSI(ii)201281,309September 2026 (i)      Time-chartered out to a large extent for the remaining charter-in period.
(ii)      Time-chartered out for the whole remaining charter-in period.
(iii)      To be redelivered upon completion of her current voyage within Q4 2025.

Chartered-In Newbuilding Vessels

 VesselCapacity (DWT)Estimated Delivery 1Newbuilding 181,800Q2 2026 2Newbuilding 282,400Q2 2027 – Q1 2028   COSTAMARE BULKERS HOLDINGS LIMITEDConsolidated Statement of Operations
   Nine-month period
ended September 30,  Three-month period
ended September 30,(Expressed in thousands of U.S. dollars, except share and per share amounts)
 2024  2025   2024  2025   (Unaudited)  (Unaudited)  (Unaudited)  (Unaudited)REVENUES:           Voyage revenue$- $265,979  $- $158,768 Voyage revenue – related parties -  112,761   -  64,106 Total voyage revenue -  378,740   -  222,874             EXPENSES:           Voyage expenses -  (116,201)  -  (65,781)Charter-in hire expenses -  (192,144)  -  (117,377)Voyage expenses – related parties -  (5,237)  -  (3,009)Vessels’ operating expenses -  (38,791)  -  (19,291)General and administrative expenses -  (5,470)  -  (3,311)Management and agency fees – related parties -  (13,174)  -  (6,484)General and administrative expenses – non-cash component -  (1,192)  -  (869)Amortization of dry-docking and special survey costs -  (3,557)  -  (1,724)Depreciation -  (19,216)  -  (9,330)Loss on sale of vessels -  (10,399)  -  (3,830)Loss on vessel held for sale -  (1,058)  -  (1,058)Foreign exchange losses -  (248)  -  (252)Operating loss$- $(27,947) $- $(9,442)            OTHER INCOME / (EXPENSES):           Interest income$- $1,797  $- $1,019 Interest and finance costs -  (6,905)  -  (3,230)Other, net -  631   -  516 Gain on derivative instruments, net -  13,263   -  18,491 Total other income, net$- $8,786  $- $16,796 Net income/ (loss)$- $(19,161) $- $7,354             Earnings / (Losses) per common share, basic and diluted$- $(1.39) $- $0.30 Weighted average number of shares, basic and diluted -

  13,754,628   -

  24,241,640   COSTAMARE BULKERS HOLDINGS LIMITED
Consolidated Balance Sheets
 (Expressed in thousands of U.S. dollars) As of December 31, 2024 As of September 30, 2025ASSETS (Audited) (Unaudited)CURRENT ASSETS:    Cash and cash equivalents$4$180,807 Margin deposits - 21,270 Accounts receivable 2 32,278 Inventories - 32,559 Due from related parties - 6,148 Insurance claims receivable - 3,918 Vessels held for sale - 11,250 Prepayments and other - 26,120 Total current assets$6$314,350 FIXED ASSETS, NET:    Vessels and advances, net$-$574,290 Total fixed assets, net$-$574,290 NON-CURRENT ASSETS:    Deferred charges, net$-$17,431 Operating leases, right-of-use assets - 151,449 Accounts receivable, non-current - 4,235 Due from related parties, non-current - 1,050 Restricted cash 2,100 3,650 Fair value of derivatives, non-current - 107 Total assets$2,106$1,066,562 LIABILITIES AND STOCKHOLDERS’ EQUITY    CURRENT LIABILITIES:    Current portion of long-term debt$-$15,013 Operating lease liabilities, current portion - 136,806 Accounts payable - 24,984 Due to related parties 2,100 15,756 Accrued liabilities - 12,958 Unearned revenue - 18,105 Fair value of derivatives - 1,596 Other current liabilities - 4,598 Total current liabilities$2,100$229,816 NON-CURRENT LIABILITIES:    Long-term debt, net of current portion$-$144,306 Operating lease liabilities, non-current portion - 8,931 Other non-current liabilities - 603 Total non-current liabilities$-$153,840 COMMITMENTS AND CONTINGENCIES - - STOCKHOLDERS’ EQUITY:    Common stock$-$2 Additional paid-in capital - 702,059 Retained earnings / (Accumulated deficit) 6 (19,155)Total stockholders’ equity 6 682,906 Total liabilities and stockholders’ equity$2,106$1,066,562 
Exhibit III10

COSTAMARE BULKERS HOLDINGS LIMITED PREDECESSOR
Combined Carve-out Statements of Operations          (Expressed in thousands of U.S. dollars)  For the nine-month period ended September 30, 2024  For the period from January 1, 2025 to May 6, 2025 REVENUES:  (Unaudited)  (Unaudited) Voyage revenue  $759,876   $239,719  Voyage revenue – related parties   111,128    87,683  Total voyage revenue   871,004    327,402            EXPENSES:         Voyage expenses   (255,367)   (107,383) Charter-in hire expenses   (521,431)   (166,506) Voyage expenses-related parties   (5,585)   (3,765) Vessels’ operating expenses   (61,805)   (27,165) General and administrative expenses   (11,045)   (10,832) General and administrative expenses – related parties   (2,320)   (528) Management and agency fees - related parties   (23,839)   (10,760) Amortization of dry-docking and special survey costs   (4,585)   (2,337) Depreciation   (27,586)   (14,044) Gain / (loss) on sale of vessels, net   3,348    (4,669) Loss on vessels held for sale   -    (1,579) Vessel’s impairment loss   -    (179) Foreign exchange gains   153    219  Operating loss   (39,058)   (22,126) OTHER INCOME / (EXPENSES):         Interest income   1,346    236  Interest and finance costs, net   (17,839)   (7,313) Interest expense – related parties   (540)   (815) Other, net   944    (47) Gain / (loss) on derivative instruments, net   22,357    (710) Total other income / (expenses), net   6,268    (8,649) Net loss  $(32,790)  $(30,775)  ______________
10 This exhibit includes combined carve-out financial information for Costamare Bulkers Holdings Limited Predecessor, prepared in accordance with the same accounting principles as disclosed in Costamare Bulkers’ Registration Statement on Form 20-F (File No. 001-42581).

   COSTAMARE BULKERS HOLDINGS LIMITED PREDECESSOR
Combined Carve-out Balance Sheet      December 31, 2024  (Expressed in thousands of U.S. dollars)   ASSETS(Audited)  CURRENT ASSETS:    Cash and cash equivalents$49,858   Restricted cash 941   Margin deposits 45,221   Accounts receivable, net 39,648   Inventories 44,500   Due from related parties 7,014   Fair value of derivatives 197   Insurance claims receivable 2,842   Prepayments and other assets 49,796   Total current assets 240,017   FIXED ASSETS, NET:    Vessels and advances, net 671,844   Total fixed assets, net 671,844   OTHER NON-CURRENT ASSETS:    Accounts receivable, net, non-current 1,610   Deferred charges, net 19,119   Due from related parties, non-current 1,050   Fair value of derivatives, non-current 147   Restricted cash, non-current 9,236   Operating leases, right-of-use assets 297,975   Total assets$1,240,998   LIABILITIES AND SHAREHOLDERS’ EQUITY    CURRENT LIABILITIES:    Current portion of long-term debt, net of deferred financing costs$30,505   Related party loans 85,000   Accounts payable 41,477   Due to related parties 5,319   Operating lease liabilities, current portion 205,172   Accrued liabilities 11,906   Unearned revenue 22,911   Fair value of derivatives 14,465   Other current liabilities 3,902   Total current liabilities 420,657   NON-CURRENT LIABILITIES:    Long-term debt, net of current portion and deferred financing costs 305,724   Operating lease liabilities, non-current portion 87,424   Fair value of derivatives, non-current portion 5,174   Total non-current liabilities 398,322   COMMITMENTS AND CONTINGENCIES -   SHAREHOLDERS’ EQUITY:    Common shares 250   Additional paid-in capital 207,284   Net Parent Investment 312,546   Accumulated deficit (98,061)  Total shareholders’ equity 422,019   Total liabilities and shareholders’ equity$1,240,998   

Applied Materials shares slid 5% before the bell on Friday as the chip equipment maker forecast reduced spending in China next year due to stringent U.S. export curbs.

Abu Dhabi state oil firm ADNOC has received the EU's conditional greenlight for its 14.7 billion euro ($17 billion) bid for German chemicals company Covestro , the European Commission said on Friday.

HydrogenPro ASA (OTC:HYPRF) Q3 2025 Earnings Call November 14, 2025 4:00 AM EST

Company Participants

Jarle Dragvik - Chief Executive Officer
Martin Holtet - Chief Financial Officer

Presentation

Jarle Dragvik
Chief Executive Officer

Good morning, and welcome to HydrogenPro's third quarter presentation. As usual, I'm accompanied by my excellent CFO, Martin Holtet, who will present the financial results. I will take you through the highlights and our recent developments, market updates and our partnership strategy. For those of you who do not know us yet, HydrogenPro is an OEM company, focusing on core technology, which is well suited for renewable energy sources. Our products are pressurized alkaline electrolyzers and a gas separation unit skid.

Addressing market for decarbonization of selected large-scale industry segments, which are already using gray hydrogen or where decarbonization is hard to achieve through electrification. HydrogenPro is delivering to 2 of the largest projects in the world. Right now, a 220-megawatt project, which is starting up these days and 100-megawatt project, which we have delivered, all the main components, and now we are producing our third-generation electrodes in our new factory in Denmark. Few other electrolyzer OEMs are delivering to projects of the same scale.

Of the recent highlights, our revenue last quarter ended at NOK 35 million. with a gross margin that improved to 55%. We continue our strong focus on technology improvement and expanding our electrode testing and development. The previous announced partnership with Thermax is on a good track. And also our work to establish a foothold in the Middle East is making very good progress. And last but not least, I'm very happy to announce the embarkment of a new Head of Sales and Commercial. Martin, please.

Martin Holtet
Chief Financial Officer

Thank you, Jarle. Then I will walk you through the Q3 financials. So in the

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Vertiv 
E: [email protected] 

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WAYNE, Pa., Nov. 14, 2025 (GLOBE NEWSWIRE) -- Management of Teleflex Incorporated (NYSE: TFX) is scheduled to speak at the Jefferies Global Healthcare Conference in London on Tuesday, November 18, 2025, at 10:00 a.m. (GMT).

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