Market Signal Briefing

Calgary, Alberta--(Newsfile Corp. - October 20, 2025) - New Stratus Energy Inc. (TSXV: NSE) ("New Stratus", "NSE" or the "Corporation") is pleased to announce the signing of the definitive farm-out agreement ("FOA") in respect of the previously announced memorandum of understanding with Vultur Oil ("Vultur"), to develop the Concession Contracts (as defined below) located in the State of Bahia, Brazil. Concession Contracts The Blocks comprise two (2) concession contracts for the exploration, development and production of oil and gas, being: (i) N° 48610.010812/2015-04 issued by the National Agency of Petroleum, Natural Gas and Biofuels of Brazil ("ANP") dated December 23, 2015, over a block known as REC-T-108 (the "108 Contract"); and (ii) N° 48610.005425/2013-86 issued by the ANP dated August 30, 2013, over a block known as REC-T-107 (the "107 Contract" and together with the 108 Contract, the "Concession Contracts" or "Blocks").

WHEATON, Ill.--(BUSINESS WIRE)--First Trust High Yield Opportunities 2027 Term Fund (the "Fund") (NYSE: FTHY) has declared the Fund's regularly scheduled monthly common share distribution in the amount of $0.125 per share payable on November 25, 2025, to shareholders of record as of November 3, 2025. The ex-dividend date is expected to be November 3, 2025. The monthly distribution information for the Fund appears below. First Trust High Yield Opportunities 2027 Term Fund (FTHY):               D.

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Companies embrace new tools to code faster, streamline testing, improve quality amid widespread application modernization, ISG Provider Lens® report says

SYDNEY--(BUSINESS WIRE)--Enterprises across the Asia Pacific region are rapidly incorporating AI into their application development and maintenance (ADM) operations, changing how applications are built, tested and maintained, according to a new research report published today by Information Services Group (ISG) (Nasdaq: III), a global AI-centered technology research and advisory firm.

Enterprises across the region are positioning themselves to take advantage of AI capabilities in their operations. The region is becoming a hub for delivery of AI-enabled ADM services.

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The 2025 ISG Provider Lens® AI-Driven ADM Services report for Asia Pacific finds that a growing number of enterprises are adopting AI-based ADM services to reach goals such as modernizing legacy systems, improving operational efficiency and ensuring software reliability. This trend is accelerated by the growth of digital transformation initiatives and government support in many markets in the region.

“Enterprises across the region are positioning themselves to take advantage of AI capabilities in their operations,” said Michael Gale, partner and regional leader, ISG Asia Pacific. “As they do, Asia Pacific is becoming a strategic hub for delivery of AI-enabled ADM services that are increasingly focused on innovation and advanced technology.”

Enterprises throughout the region are deploying AI-powered development environments to enhance quality, shorten release cycles and improve user experience, the report says. The technologies they are adopting include generative models that assist in bug prediction, detailed static code analysis and automatic generation of code snippets. By reducing manual effort, these tools can reduce human error while making the coding process more efficient. The more reliable development pipelines that result can also help companies deliver solutions to users faster.

Many enterprises across Asia Pacific are also rapidly incorporating AI tools into their software testing processes, driving a significant transition from manual quality assurance to automated testing, ISG says. AI-based systems can automatically generate test scripts, identify defect-prone areas and apply self-healing mechanisms during testing, leading to reduced testing time and improved product quality. By integrating AI and ML into test frameworks, companies are making their testing methods more agile.

AI also has a growing role in application modernization, a major trend in Asia Pacific as enterprises move from legacy systems to new architectures, the report says. Companies are recognizing how new software frameworks can improve business efficiency and competitiveness. Many are using AI-based solutions for code refactoring, dependency mapping and extraction of business logic from old source code, finding that these tools allow faster migration to modular, cloud-native and microservices-based environments.

“The growing availability of AI tools for application development coincides with a wave of digital transformations across Asia Pacific,” said Maharshi Pandya, senior lead analyst, ISG Provider Lens Research, and lead author of the report. “Service providers in the region have a critical role in introducing these innovations, backed by national leaders in Southeast Asia and other areas.”

The report also explores other ADM-related trends in Asia Pacific, including regional advancements in AI governance and the rise of AI-driven observability and predictive maintenance.

For more insights into the ADM-related challenges facing enterprises in Asia-Pacific, plus ISG’s advice for overcoming them, see the ISG Provider Lens® Focal Points briefing here.

The 2025 ISG Provider Lens® Application Development and Maintenance (ADM) Services report for Asia-Pacific evaluates the capabilities of 36 providers across three quadrants: Application Development Outsourcing, Application Managed Services and Application Quality Assurance.

The report names Accenture, Capgemini, Cognizant, DXC Technology, HCLTech, IBM, Infosys, TCS, Tech Mahindra, and Wipro as Leaders in three quadrants each. It names LTIMindtree and Planit as Leaders in one quadrant each.

In addition, Deloitte is recognized as a Rising Star — a company with a “promising portfolio” and “high future potential” by ISG’s definition — in three quadrants. Hitachi Digital Services is recognized as a Rising Star in two quadrants.

Customized versions of the report are available from Capgemini and Planit.

In the area of customer experience, LTIMindtree is named the global ISG CX Star Performer for 2024 among AI-driven ADM service providers. LTIMindtree earned the highest customer satisfaction scores in ISG's Voice of the Customer survey, part of the ISG Star of Excellence™ program, the premier quality recognition for the technology and business services industry.

The 2025 ISG Provider Lens® AI-Driven ADM Services report for Asia Pacific is available to subscribers or for one-time purchase on this webpage.

About ISG Provider Lens™ Research

The ISG Provider Lens® Quadrant research series is the only service provider evaluation of its kind to combine empirical, data-driven research and market analysis with the real-world experience and observations of ISG's global advisory team. Enterprises will find a wealth of detailed data and market analysis to help guide their selection of appropriate sourcing partners, while ISG advisors use the reports to validate their own market knowledge and make recommendations to ISG's enterprise clients. The research currently covers providers offering their services globally, across Europe, as well as in the U.S., Canada, Mexico, Brazil, the U.K., France, Benelux, Germany, Switzerland, the Nordics, Australia and Singapore/Malaysia, with additional markets to be added in the future. For more information about ISG Provider Lens research, please visit this webpage.

About ISG

ISG (Nasdaq: III) is a global AI-centered technology research and advisory firm. A trusted partner to more than 900 clients, including 75 of the world’s top 100 enterprises, ISG is a long-time leader in technology and business services that is now at the forefront of leveraging AI to help organizations achieve operational excellence and faster growth. The firm, founded in 2006, is known for its proprietary market data, in-depth knowledge of provider ecosystems, and the expertise of its 1,600 professionals worldwide working together to help clients maximize the value of their technology investments.

More News From Information Services Group, Inc.

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WHEATON, Ill.--(BUSINESS WIRE)--First Trust Senior Floating Rate Income Fund II (the "Fund") (NYSE: FCT) has declared the Fund's regularly scheduled monthly common share distribution in the amount of $0.097 per share payable on November 17, 2025, to shareholders of record as of November 3, 2025. The ex-dividend date is expected to be November 3, 2025. The monthly distribution information for the Fund appears below. First Trust Senior Floating Rate Income Fund II (FCT): Distribution per share: $.

HONG KONG--(BUSINESS WIRE)--Peak Reinsurance Company Limited (“Peak Re” or the “Company”) and KKR, a leading global investment firm, today announced that funds managed by KKR and Quadrantis Capital have entered into definitive agreements to acquire minority stakes in Peak Re via Peak Reinsurance Holdings Limited.

Upon completion, KKR and Quadrantis Capital are expected to hold approximately 11.27% and approximately 1.80% of Peak Re’s issued share capital, respectively, with the remaining approximately 86.71% continuing to be held by the majority shareholder, Fosun International Limited. Prudential Financial, Inc. (“Prudential”), which indirectly held an approximate 13.07% minority stake, has divested its stake in Peak Re following the signing of definitive agreements by funds managed by KKR and Quadrantis Capital.

This strategic partnership will reinforce Peak Re’s commitment to serving its global clientele, underpinned by strong ring-fencing arrangements and robust corporate governance standards, and is not anticipated to affect the Company’s financial stability, operations, leadership, or ratings.

“Peak Re was established to support the growth and resilience of economies and communities in emerging markets across Asia and beyond,” remarked Franz-Josef Hahn, Chief Executive Officer of Peak Re. “With KKR and Quadrantis Capital joining as new investors, we are further strengthening the platform that enables Peak Re to innovate, serve clients with excellence, and pursue quality growth globally. We would also like to thank Prudential for their support as a valued minority shareholder and partner over the years.”

Bing Gu, Managing Director at KKR, said, “As Asia emerges as a global growth engine for insurance and reinsurance, Peak Re is well-positioned to meet the needs of global clients with its established regional platform, disciplined underwriting approach, and strong governance. We look forward to drawing from our global network and experience in insurance and reinsurance, as well as operational expertise to strengthen Peak Re’s leading position in the region.”

“Quadrantis Capital is delighted to join Peak Re as a minority investor,” stated João Rafael Koehler, Managing Partner at Quadrantis Capital. “We are committed to constructive, value-driven partnerships.”

The investments by KKR and Quadrantis Capital into Peak Re are expected to close in Q4 of 2025, subject to customary closing conditions including regulatory approvals.

About Peak Re

Peak Reinsurance Company Limited (“Peak Re” or the “Company”) is an emerging market reinsurance specialist with a global portfolio. Established to support the growth and stability of societies and communities in Asia and beyond. Established in 2012, Peak Re has grown rapidly to rank 27th among global reinsurance groups in terms of net reinsurance premiums written1, with a strong commitment to innovation and delivering value to our partners. With a financial strength rating of A- (Excellent) by A.M. Best and a strong capital base, Peak Re is a trusted partner for clients across Asia Pacific, Europe, the Middle East and the Americas.

About KKR

KKR is a leading global investment firm that offers alternative asset management as well as capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR’s insurance subsidiaries offer retirement, life and reinsurance products under the management of Global Atlantic Financial Group. References to KKR’s investments may include the activities of its sponsored funds and insurance subsidiaries. For additional information about KKR & Co. Inc. (NYSE: KKR), please visit KKR’s website at www.kkr.com. For additional information about Global Atlantic Financial Group, please visit Global Atlantic Financial Group’s website at www.globalatlantic.com.

About Quadrantis Capital

Quadrantis Capital is a Portuguese investment management firm specializing in private equity and venture capital. The firm manages multiple investment funds with a focus on diversified, risk aware strategies and long term value creation. For more information, visit Quadrantis – Quadrantis Capital

1 S&P Global Ratings’ Top 40 Global Reinsurers In 2024 And Reinsurers By Country; 2025, S&P Global, 2024

GUADALAJARA, Mexico, Oct. 20, 2025 (GLOBE NEWSWIRE) -- Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE: PAC; BMV: GAP) (“the Company” or “GAP”) reports its consolidated results for the third quarter ended September 30, 2025 (3Q25). Figures are unaudited and prepared following International Financial Reporting Standards (“IFRS”) as issued by the International Accounting Standards Board (“IASB”).

Summary of Results 3Q25 vs. 3Q24

The sum of aeronautical and non-aeronautical services revenues increased by Ps. 1,174.0 million, or 17.4%. Total revenues increased by Ps. 1,343.9 million, or 16.3%.Cost of services increased by Ps. 201.8 million, or 14.1%.Income from operations increased by Ps. 429.6 million, or 11.5%.EBITDA increased by Ps. 578.0 million, or 12.8%, an increase from Ps. 4,507.6 million in 3Q24 to Ps. 5,085.6 million in 3Q25. EBITDA margin (excluding the effects of IFRIC-12) went from 67.0% in 3Q24 to 64.3% in 3Q25. Comprehensive income decreased by Ps. 162.8 million, or 6.2%, from an income of Ps. 2,620.6 million in 3Q24 to an income of Ps. 2,457.8 million in 3Q25. Company’s Financial Position:

As of September 30, 2025, the Company reported a cash and cash equivalents position of Ps. 11,699.5 million. During 3Q25, GAP issued long-term bond certificates (Certificados Bursátiles) for a total amount of Ps. 8,500.0 million, under the ticker symbols “GAP 25-2” and “GAP 25-3”, for Ps. 4,050.0 million and Ps. 4,450.0 million, respectively. The proceeds from these issuances will be used to finance capital investments amounting to Ps. 7,000.0 million, and to repay a bank loan with Banco Santander, S.A. for Ps. 1,500.0 million. In addition, on September 18, 2025, the Company refinanced its credit line for USD$40.0 million with Banco Nacional de México, S.A. (“Banamex”), establishing a new maturity date of September 18, 2030.

Passenger Traffic

During 3Q25, the 14 airports operated by GAP recorded an increase of 386.5 thousand total passengers, representing a 2.5% growth compared to 3Q24.

During this period, the following new routes were inaugurated:

Domestic:

AirlineDepartureArrivalOpening dateFrequenciesVolarisMoreliaPuerto VallartaJuly 4, 20253 weeklyVolarisPuerto VallartaMoreliaJuly 4, 20253 weeklyVolarisMoreliaZihuatanejoJuly 4, 20253 weeklyVolarisMoreliaMexicaliJuly 5, 20253 weeklyVolarisMexicaliMoreliaJuly 6, 20253 weeklyTARLa PazLos MochisJuly 7, 20253 weeklyTARLos MochisLa PazJuly 7, 20253 weeklyTARLa PazAguascalientesJuly 7, 20254 weeklyTARAguascalientesLa PazJuly 7, 20254 weeklyLIAT AirMontego BayKingstonJuly 11, 20253 weeklyLIAT AirKingstonMontego BayJuly 11, 20253 weekly      Note: Frequencies can vary without prior notice.

International: 

AirlineDepartureArrivalOpening dateFrequenciesVolarisGuadalajaraNew York (EWR)July 1, 20254 weeklyVolarisMoreliaDallas-Fort WorthJuly 4, 20254 weeklyVolarisMoreliaOntario, CaliforniaJuly 4, 20254 weeklyVolarisLos CabosOntario, CaliforniaJuly 4, 20255 weeklyVolarisMoreliaSacramentoJuly 4, 20254 weeklyVolarisGuanajuatoOntario, CaliforniaJuly 5, 20253 weeklyVolarisMoreliaSan AntonioJuly 5, 20253 weeklyVolarisMoreliaHouston (IAH)July 5, 20253 weeklySpiritMontego BayBaltimore-WashingtonJuly 11, 20253 weeklyAeroregionalMontego BayQuitoJuly 18, 20251 weekly      Note: Frequencies can vary without prior notice.

Domestic Terminal Passengers – 14 airports (in thousands):

Airport3Q243Q25Change9M249M25ChangeGuadalajara3,113.23,183.22.2%8,779.79,295.25.9%Tijuana*2,204.92,237.31.5%6,288.36,434.02.3%Los Cabos791.4762.1(3.7%)2,119.72,170.72.4%Puerto Vallarta804.2870.78.3%2,121.62,354.611.0%Montego Bay0.00.00.0%0.00.00.0%Guanajuato547.0576.05.3%1,545.31,668.38.0%Hermosillo524.2537.12.5%1,512.71,591.35.2%Kingston1.30.8(34.4%)2.41.0(58.8%)Morelia165.0208.526.4%464.5567.722.2%La Paz320.5347.28.3%879.9955.98.6%Mexicali250.5330.431.9%765.1929.221.4%Aguascalientes158.5164.03.5%467.0483.23.5%Los Mochis144.0178.524.0%412.0522.926.9%Manzanillo28.131.511.8%94.497.63.4%Total9,052.89,427.34.1%25,452.627,071.66.4%          *Cross Border Xpress (CBX) users are classified as international passengers.

International Terminal Passengers – 14 airports (in thousands): 

Airport3Q243Q25Change9M249M25ChangeGuadalajara1,493.11,502.00.6%4,353.14,396.21.0%Tijuana*1,067.9974.6(8.7%)3,001.93,041.21.3%Los Cabos881.2893.21.4%3,489.03,500.50.3%Puerto Vallarta529.0498.3(5.8%)2,970.52,819.9(5.1%)Montego Bay1,154.71,243.57.7%3,897.13,847.2(1.3%)Guanajuato284.3266.4(6.3%)773.6782.11.1%Hermosillo19.019.10.5%62.659.3(5.3%)Kingston514.3527.92.7%1,324.91,409.66.4%Morelia169.9195.715.1%483.9525.78.6%La Paz2.67.9210.0%8.725.5193.1%Mexicali1.81.96.5%5.65.5(0.6%)Aguascalientes90.989.5(1.5%)242.1245.71.5%Los Mochis2.12.22.1%6.16.1(1.4%)Manzanillo9.610.26.4%65.772.410.1%Total6,220.36,232.30.2%20,684.720,736.80.3%          *CBX users are classified as international passengers.

Total Terminal Passengers – 14 airports (in thousands):

Airport3Q243Q25Change9M249M25ChangeGuadalajara4,606.34,685.11.7%13,132.813,691.54.3%Tijuana*3,272.73,211.9(1.9%)9,290.29,475.22.0%Los Cabos1,672.61,655.3(1.0%)5,608.75,671.11.1%Puerto Vallarta1,333.21,369.02.7%5,092.15,174.51.6%Montego Bay1,154.71,243.57.7%3,897.13,847.2(1.3%)Guanajuato831.3842.41.3%2,318.82,450.45.7%Hermosillo543.3556.22.4%1,575.31,650.54.8%Kingston515.5528.72.6%1,327.31,410.66.3%Morelia335.0404.220.7%948.41,093.415.3%La Paz323.0355.19.9%888.6981.410.4%Mexicali252.3332.331.7%770.7934.721.3%Aguascalientes249.3253.61.7%709.1728.92.8%Los Mochis146.1180.723.7%418.1529.026.5%Manzanillo37.741.610.5%160.1170.06.2%Total15,273.115,659.62.5%46,137.347,808.43.6%          *CBX users are classified as international passengers.

CBX Users (in thousands):

Airport3Q243Q25Change9M249M25ChangeTijuana1,048.7954.4(9.0%)2,956.32,984.00.9% Consolidated Results for the Third Quarter of 2025 (in thousands of pesos): 

 3Q243Q25ChangeRevenues   Aeronautical services4,627,601 5,474,043 18.3%Non-aeronautical services2,103,878 2,431,480 15.6%Improvements to concession assets (IFRIC-12)1,501,188 1,671,060 11.3%Total revenues8,232,667 9,576,583 16.3%    Operating costs   Costs of services:1,435,204 1,637,006 14.1%Employee costs573,117 633,119 10.5%Maintenance213,360 307,625 44.2%Safety, security & insurance220,486 243,706 10.5%Utilities160,803 174,887 8.8%Business operated directly by us72,858 84,697 16.3%Other operating expenses194,580 192,972 (0.8%)    Technical assistance fees200,635 226,322 12.8%Concession taxes598,091 963,943 61.2%Depreciation and amortization787,295 935,683 18.8%Cost of improvements to concession assets (IFRIC-12)1,501,188 1,671,060 11.3%Other (income)(10,082)(7,397)(26.6%)Total operating costs4,512,331 5,426,617 20.3%Income from operations3,720,336 4,149,966 11.5%Financial Result(1,059,983)(661,828)(37.6%)Income before income taxes2,660,353 3,488,138 31.1%Income taxes(677,524)(792,158)16.9%Net income1,982,829 2,695,980 36.0%Currency translation effect651,897 (231,955)(135.6%)Cash flow hedges, net of income tax(12,124)2,692 (122.2%)Remeasurements of employee benefit – net income tax(2,052)(8,929)335.1%Comprehensive income2,620,550 2,457,788 (6.2%)Non-controlling interest(140,692)(96,975)(31.1%)Comprehensive income attributable to controlling interest2,479,858 2,360,813 (4.8%)         3Q243Q25ChangeEBITDA4,507,631 5,085,649 12.8%Comprehensive income2,620,550 2,456,860 (6.2%)Comprehensive income per share (pesos)5.1864 4.8624 (6.2%)Comprehensive income per ADS (US dollars)2.8272 2.6506 (6.2%)    Operating income margin45.2%43.3%(4.1%)Operating income margin (excluding IFRIC-12)55.3%52.5%(5.0%)EBITDA margin54.8%53.1%(3.0%)EBITDA margin (excluding IFRIC-12)67.0%64.3%(3.9%)Costs of services and improvements / total revenues35.7%34.5%(3.2%)Cost of services / total revenues (excluding IFRIC-12)21.3%20.7%(2.9%)         - Net income and comprehensive income per share for 3Q25 and 3Q24 were calculated based on 505,277,464 shares outstanding as of September 30, 2025, and September 30, 2024, respectively. Figures in U.S. dollar were converted from pesos using an exchange rate of Ps. 18.3442 per U.S. dollar, as published by the U.S. Federal Reserve Board (noon buying rate) on September 30, 2025.

- For consolidating the Jamaican airports, an average exchange rate of Ps. 18.6456 per U.S. dollar was used, corresponding to the three-month period ended September 30, 2025.

Revenues (3Q25 vs. 3Q24)

Aeronautical services revenues increased by Ps. 846.4 million, or 18.3%.
Non-aeronautical services revenues increased by Ps. 327.6 million, or 15.6%.
Revenues from improvements to concession assets increased by Ps. 169.9 million, or 11.3%.
Total revenues increased by Ps. 1,343.9 million, or 16.3%. The change in aeronautical services revenues was primarily due to the following factors:

Revenues at the Mexican airports increased by Ps. 789.6 million, or 20.5%, compared to 3Q24, mainly due to a Ps. 693.3 million, or 21.5%, increase in the passenger fee revenue. This increase was driven by the new airport maximum tariffs approved for the 2025–2029 regulatory period, effective as of March 2025, as well as a 2.1% increase in passenger traffic during the quarter.Revenues at the Jamaican airports increased by Ps. 56.8 million, or 7.3%, compared to 3Q24, mainly due to a 6.1% increase in passenger traffic during the quarter and an increase in U.S. dollar revenue of USD$2.6 million, or 3.5%. This effect was partially offset by the appreciation of the Mexican peso against the U.S. dollar, which went from an average exchange rate of Ps. 18.9229 in 3Q24 to Ps. 18.6456 in 3Q25, representing an appreciation of 1.5%. This exchange rate effect reduced the revenue reported in pesos. The change in non-aeronautical services revenues was primarily driven by the following factors:

Revenues at Mexican airports increased by Ps. 301.2 million, or 16.4%, compared to 3Q24. Revenues from businesses operated directly by us increased by Ps. 270.9 million, or 30.5%, mainly driven by the consolidation of revenues from the cargo and bonded warehouse business, which contributed Ps. 168.9 million, or 47.7%, to this growth. Revenues from businesses operated by third parties increased Ps. 31.9 million, or 3.5%, primarily driven by the opening of new commercial spaces and the renegotiation of commercial contracts. The fastest-growing business lines were food and beverage, retail stores, duty-free, ground transportation, and timeshares, which together increased by Ps. 41.5 million, or 7.0%. This increase was partially offset by a decrease in leasing of space revenues, which declined Ps. 18.0 million, or 23.5%.Revenues at the Jamaican airports increased by Ps. 26.4 million, or 9.8%, compared to 3Q24. In U.S. dollar terms, revenues increased by USD$1.6 million, or 11.4%, which was partially offset by the 1.5% appreciation of the peso against the average exchange rate of 3Q24.  3Q243Q25ChangeBusinesses operated by third parties:   Food and beverage291,059321,11110.3%Car rental209,871216,3843.1%Duty-free184,931193,9304.9%Retail174,816182,8244.6%Leasing of space111,22498,210(11.7%)Timeshares63,60864,4091.3%Ground transportation41,30143,3845.0%Other commercial revenues30,26037,08522.6%Communications and financial services26,44629,79112.7%Total1,133,5161,187,1284.7%    Businesses operated directly by us:   Cargo operation and bonded warehouse390,385558,94143.2%Car parking171,497194,31813.3%Convenience stores137,122158,15815.3%VIP Lounges130,000152,02816.9%Advertising52,97771,44534.9%Hotel operation28,18948,89273.4%Total910,1691,183,78330.1%Recovery of costs60,19360,5690.6%Total Non-aeronautical Revenues2,103,8782,431,48015.6%         Figures expressed in thousands of Mexican pesos.

‐        Revenues from improvements to concession assets 1

Revenues from improvements to concession assets (IFRIC-12) increased by Ps. 169.9 million, or 11.3%, compared to 3Q24. The change was composed of:

Improvements to concession assets at the Company’s Mexican airports, which increased by Ps. 115.4 million, or 8.6%, following investments under the Master Development Program for the 2025-2029 period. Improvements to concession assets at the Company’s Jamaican airports, which increased Ps. 54.4 million, or 33.1%. 1 Revenues from improvements to concession assets are recognized in accordance with International Financial Reporting Interpretation Committee 12 “Service Concession Arrangements” (IFRIC 12). However, this recognition does not have a cash impact or impact on the Company’s operating results. Amounts included as a result of the recognition of IFRIC 12 are related to construction of infrastructure in each quarter to which the Company has committed. This is in accordance with the Company’s Master Development Programs in Mexico and Capital Development Programs in Jamaica. All margins and ratios calculated using “Total Revenues” include revenues from improvements to concession assets (IFRIC 12), and, consequently, such margins and ratios may not be comparable to other ratios and margins, such as EBITDA margin, operating margin or other similar ratios that are calculated based on those results of the Company that do have a cash impact.

Total operating costs increased by Ps. 914.3 million, or 20.3%, compared to 3Q24, mainly due to higher technical assistance and concession fees, which together increased Ps. 391.6 million, or 49.0%; a Ps. 201.8 million, or 14.1%, increase in the cost of services; a Ps. 169.9 million increase in the cost of improvements to concession assets (IFRIC-12); and a Ps. 148.4 million, or 18.9%, increase in depreciation and amortization, derived from the recognition of the fair values of the cargo and bonded warehouse business. Excluding the cost of improvements to concession assets (IFRIC-12), operating costs increased by Ps. 744.5 million, or 24.7%, compared to 3Q24.

This increase in total operating costs was primarily due to the following factors:

Mexican airports: 

Operating costs increased by Ps. 723.3 million, or 19.8%, compared to 3Q24, mainly due to higher technical assistance and concession fees, which together increased Ps. 256.7 million, or 53.4%; a Ps. 207.8 million, or 17.3%, increase in the cost of services; a Ps. 141.6 million, or 21.7%, increase in depreciation and amortization; and a Ps. 115.4 million, or 8.6%, increase in the cost of improvements to the concession assets (IFRIC-12). the cost of improvements to concession assets (IFRIC-12), operating costs increased by Ps. 607.9 million, or 26.2%. The change in the cost of services at our Mexican airports during 3Q25 was mainly due to:

Maintenance increased by Ps. 89.8 million, or 52.3%, due to the opening of new operational areas, airfield maintenance, and the operation of jet bridges by Ps. 47.6 million.Employee costs increased by Ps. 60.2 million, or 11.7%, mainly due to salary adjustments and amendments to the Federal Labor Law.Safety, security and insurance increased by Ps. 21.4 million, or 13.2%, driven by an increase in security personnel, minimum wage adjustments, changes to the Federal Labor Law, and the opening of additional operational areas.Utilities increased by Ps. 20.0 million, or 17.6%, compared to 3Q24. Jamaican Airports:

Operating costs increased by Ps. 190.9 million, or 22.3%, compared to 3Q24, mainly due to an increase in concession fees of Ps. 134.8 million, or 42.4%; an increase in the cost of improvements to concession assets (IFRIC-12) of Ps. 54.4 million, or 33.1%; and an increase in depreciation and amortization of Ps. 6.8 million, or 5.0%. These effects were partially offset by a decrease in the cost of services of Ps. 6.0 million, or 2.6%.

Operating income margin decreased from 45.2% in 3Q24 to 43.3% in 3Q25. Excluding the effects of IFRIC-12, the operating income margin declined from 55.3% in 3Q24 to 52.5% in 3Q25. Income from operations increased by Ps. 429.6 million, or 11.5%, compared to 3Q24.

EBITDA margin decreased from 54.8% in 3Q24 to 53.1% in 3Q25. Excluding the effects of IFRIC-12, EBITDA margin went from 67.0% in 3Q24 to 64.3% in 3Q25. The nominal value of EBITDA increased by Ps. 578.0 million, or 12.8%, compared to 3Q24.

Financial results decreased in expense by Ps. 398.2 million, or 37.6%, going from a net expense of Ps. 1,060.0 million in 3Q24 to a net expense of Ps. 661.8 million in 3Q25. This change was mainly the result of:

Foreign exchange fluctuations, which changed from an expense of Ps. 313.4 million in 3Q24 to an income of Ps. 60.9 million in 3Q25, resulting in a foreign exchange gain of Ps. 374.4 million due to the appreciation of the peso. In addition, the foreign currency translation effect contributed to a Ps. 874.2 million increase in expense compared to 3Q24.
Interest expense decreased by Ps. 137.8 million, or 12.8%, compared to 3Q24, mainly due to a decrease in reference rates.
Interest income decreased by Ps. 114.1 million, or 34.8%, compared to 3Q24, mainly due to a decrease in the cash and cash equivalents average balance and changes in the reference rates. In 3Q25, net and comprehensive income decreased by Ps. 162.8 million, or 6.2%, compared to 3Q24, mainly due to a Ps. 874.2 million increase in foreign currency translation losses versus the same period of last year. Income before taxes increased by Ps. 827.8 million, or 31.1%.

During 3Q25, net income increased by Ps. 713.2 million, or 36.0%, compared to 3Q24. Income tax for the period increased by Ps. 114.6 million, composed of a Ps. 116.0 million increase in current income tax and a Ps. 1.4 million decrease in deferred tax benefit. This was mainly due to a lower inflation effect, which decreased from 1.5% in 3Q24 to 1.0% in 3Q25, partially offset by the application of tax loss carryforwards for Ps. 47.2 million, compared to 3Q24.

Consolidated Results for the Nine Months of 2025 (in thousands of pesos):

 9M249M25ChangeRevenues   Aeronautical services14,150,663 17,236,364 21.8%Non-aeronautical services5,521,018 7,268,014 31.6%Improvements to concession assets (IFRIC-12)4,314,977 7,009,385 62.4%Total revenues23,986,658 31,513,762 31.4%    Operating costs   Costs of services:3,720,973 4,644,243 24.8%Employee costs1,522,994 1,885,203 23.8%Maintenance555,642 821,358 47.8%Safety, security & insurance602,508 691,429 14.8%Utilities396,811 448,850 13.1%Business operated directly by us219,017 258,665 18.1%Other operating expenses424,000 538,738 27.1%    Technical assistance fees627,172 731,901 16.7%Concession taxes1,991,302 2,954,025 48.3%Depreciation and amortization2,137,595 2,793,217 30.7%Cost of improvements to concession assets (IFRIC-12)4,314,977 7,009,385 62.4%Other (income)(22,474)(43,542)93.7%Total operating costs12,769,544 18,089,229 41.7%Income from operations11,217,114 13,424,533 19.7%Financial Result(2,316,875)(2,324,863)0.3%Income before income taxes8,900,239 11,099,670 24.7%Income taxes(2,193,977)(2,890,438)31.7%Net income6,706,263 8,209,234 22.4%Currency translation effect1,019,679 (730,540)(171.6%)Cash flow hedges, net of income tax(47,527)4,584 (109.6%)Remeasurements of employee benefit – net income tax177 23,837 13367.2%Comprehensive income7,678,591 7,507,114 (2.2%)Non-controlling interest(268,334)(302,853)12.9%Comprehensive income attributable to controlling interest7,410,259 7,204,263 (2.8%)         9M249M25ChangeEBITDA13,354,710 16,217,751 21.4%Comprehensive income7,678,591 7,506,186 (2.2%)Comprehensive income per share (pesos)15.1968 14.8556 (2.2%)Comprehensive income per ADS (US dollars)8.2842 8.0982 (2.2%)    Operating income margin46.8%42.6%(8.9%)Operating income margin (excluding IFRIC-12)57.0%54.8%(3.9%)EBITDA margin55.7%51.5%(7.6%)EBITDA margin (excluding IFRIC-12)67.9%66.2%(2.5%)Costs of services and improvements / total revenues33.5%37.0%10.4%Cost of services / total revenues (excluding IFRIC-12)18.9%19.0%0.2%         - Net income and comprehensive income per share for 9M25 and 9M24 were calculated based on 505,277,464 shares outstanding. U.S. dollar figures were converted from pesos using an exchange rate of Ps. 18.3442 per U.S. dollar, as published by the U.S. Federal Reserve Board (noon buying rate) on September 30, 2025.

- For the purpose of consolidating Jamaican airports, an average exchange rate of Ps. 19.5381 per U.S. dollar was used, corresponding to the nine months ended September 30, 2025.

Revenues (9M25 vs. 9M24)

•   Aeronautical services revenues increased by Ps. 3,085.7 million, or 21.8%.
•   Non-aeronautical services revenues increased by Ps. 1,747.0 million, or 31.6%.
•   Revenues from improvements to concession assets increased by Ps. 2,694.4 million, or 62.4%.
•   Total revenues increased by Ps. 7,527.1 million, or 31.4%.

The change in aeronautical services revenues comprised primarily of the following factors:

Revenues at our Mexican airports increased by Ps. 2,731.8 million, or 22.9%, compared to 9M24. This increase was mainly driven by the new maximum tariffs approved for the 2025–2029 regulatory period, effective as of March 2025, as well as by the 10.3% depreciation of the Mexican peso against the U.S. dollar, and a 4.0% increase in passenger traffic during the period.Revenues at our Jamaican airports increased by Ps. 353.9 million, or 15.9%, compared to 9M24. This was mainly due to the 10.3% depreciation of the peso against the U.S. dollar, with the average exchange rate moving from Ps. 17.7104 in 9M24 to Ps. 19.5381 in 9M25, resulting in higher peso-denominated revenue. The revenue in U.S. dollar increased USD$6.4 million, or 5.1%. The change in non-aeronautical services revenues comprised primarily of the following factors:

Revenues at our Mexican airports increased by Ps. 1,614.8 million, or 34.0%, compared to 9M24. Revenues from businesses operated directly by us rose by Ps. 1,367.0 million, or 72.9%, mainly driven by the consolidation of the cargo and bonded warehouse business, which contributed Ps. 1,040.9 million, or 293.9%. Revenues from businesses operated by third parties increased by Ps. 238.9 million, or 8.7%. This was mainly due to the opening of new commercial spaces, and the renegotiation of existing contracts. The business lines that increased the most were food and beverage, retail, duty-free, timeshares, and ground transportation, which together increased by Ps. 226.3 million, or 19.2%. Recovery of costs increased by Ps. 8.8 million, or 6.6%.Revenues from the Jamaican airports increased by Ps. 132.2 million, or 17.2%, compared to 9M24. Revenues in U.S. dollars increased by USD$2.7 million, or 6.2%.  9M249M25ChangeBusinesses operated by third parties:   Food and beverage879,1401,006,37014.5%Car rental613,048632,8093.2%Duty-free552,968618,77611.9%Retail516,596565,4299.5%Leasing of space318,494328,0683.0%Timeshares174,355203,13216.5%Other commercial revenues144,093168,12016.7%Ground transportation134,823151,15212.1%Communications and financial services80,52490,03311.8%Total3,414,0403,763,88910.2%    Businesses operated directly by us:   Cargo operation and bonded warehouse453,3791,507,323232.5%Car parking518,229550,6596.3%Convenience stores420,499489,24616.3%VIP Lounges361,941488,36434.9%Advertising130,785149,65214.4%Hotel operation46,804123,215163.3%Total1,931,6363,308,45971.3%Recovery of costs175,341195,66611.6%Total Non-aeronautical Revenues5,521,0187,268,01431.6%         Figures expressed in thousands of Mexican pesos.

‐        Revenues from improvements to concession assets 1

Revenues from improvements to concession assets (IFRIC-12) increased by Ps. 2,694.4 million, or 62.4%, compared to 9M24. The change was composed of:

Improvements to concession assets at the Company’s Mexican airports, which increased by Ps. 2,630.4 million, or 65.6%, following investments under the Master Development Program for the 2025-2029 period. Improvements to concession assets at the Company’s Jamaican airports, which increased Ps. 64.0 million, or 21.0%. 1 Revenues from improvements to concession assets are recognized in accordance with International Financial Reporting Interpretation Committee 12 “Service Concession Arrangements” (IFRIC 12). However, this recognition does not have a cash impact or impact on the Company’s operating results. Amounts included as a result of the recognition of IFRIC 12 are related to construction of infrastructure in each quarter to which the Company has committed. This is in accordance with the Company’s Master Development Programs in Mexico and Capital Development Programs in Jamaica. All margins and ratios calculated using “Total Revenues” include revenues from improvements to concession assets (IFRIC 12), and, consequently, such margins and ratios may not be comparable to other ratios and margins, such as EBITDA margin, operating margin or other similar ratios that are calculated based on those results of the Company that do have a cash impact.

Total operating costs increased by Ps. 5,319.7 million, or 41.7%, compared to 9M24, primarily due to a Ps. 2,694.4 million, or 62.4%, increase in the cost of improvements to concession assets (IFRIC-12); a combined Ps. 1,067.4 million, or 40.8%, increase in concession fees and technical assistance fees; a Ps. 923.3 million, or 24.8%, increase in the cost of services; and a Ps. 655.6 million, or 30.7%, increase in depreciation and amortization. Excluding the cost of improvements to concession assets (IFRIC-12), operating costs increased by Ps. 2,625.3 million, or 31.1%.

This increase in total operating costs was primarily due to the following factors:

   Mexican airports:

Operating costs increased by Ps. 4,884.4 million, or 47.3%, compared to 9M24, mainly due to a Ps. 2,630.4 million, or 65.6%, increase in the cost of improvements to the concession assets (IFRIC-12); a combined Ps. 857.0 million, or 57.4%, increase in technical assistance fees and concession fees; a Ps. 833.2 million, or 26.9%, increase in the cost of services; and a Ps. 587.1 million, or 33.3%, increase in depreciation and amortization. Excluding the cost of improvements to concession assets (IFRIC-12), operating expenses increased by Ps. 2,254.0 million, or 35.6%. The change in the cost of services at our Mexican airports during 9M25 was mainly due to:

Employee costs increased by Ps. 332.9 million, or 24.5%, mainly due to salary adjustments and changes to the Federal Labor Law, as well as the consolidation of the cargo and bonded warehouse business, which contributed Ps. 190.4 million.Maintenance rose by Ps. 243.1 million, or 55.3%, due to the opening of new operational areas, the operation of jet bridges for Ps. 132.4 million, and the consolidation of the cargo and bonded warehouse business, which contributed Ps. 17.4 million.Other operating expenses increased by Ps. 152.5 million, or 26.5%, primarily due to higher consulting services and travel expenses of Ps. 68.9 million, and the consolidation of the cargo and bonded warehouse business, which contributed Ps. 80.6 million.Safety, security, and insurance rose by Ps. 56.1 million, or 12.6%, driven by an increase in security personnel, minimum wage adjustments, amendments to the Federal Labor Law, the opening of additional operational areas, and Ps. 22.3 million from the consolidation of the cargo and bonded warehouse business. Jamaican Airports:

Operating costs increased by Ps. 435.3 million, or 17.9%, compared to 9M24, mainly due to an increase in concession fees by Ps. 210.4 million, or 18.7%; an increase in the cost of services by Ps. 90.1 million, or 14.4%; an increase in depreciation and amortization by Ps. 68.5 million, or 18.3%; and a Ps. 64.0 million, or 21.0%, increase in the cost of improvements to concession assets (IFRIC-12).

Operating income margin went from 46.8% in 9M24 to 42.6% in 9M25. Excluding the effects of IFRIC-12, the operating income margin went from 57.0% in 9M24 to 54.8% in 9M25. Income from operations increased by Ps. 2,207.4 million, or 19.7%, compared to 9M24.

EBITDA margin went from 55.7% in 9M24 to 51.5% in 9M25. Excluding the effects of IFRIC-12, EBITDA margin went from 67.9% in 9M24 to 66.2% in 9M25. The nominal value of EBITDA increased by Ps. 2,863.0 million, or 21.4%, compared to 9M24.

Financial results increased expenses by Ps. 8.0 million, or 0.3%, from a net expense of Ps. 2,316.9 million in 9M24 to a net expense of Ps. 2,324.9 million in 9M25. This change was mainly the result of:

Foreign exchange fluctuations, which went from an expense of Ps. 203.6 million in 9M24 to an expense of Ps. 103.3 million in 9M25, resulting in a foreign exchange gain of Ps. 100.3 million due to the depreciation of the Mexican peso. Additionally, the foreign currency translation effect contributed to a Ps. 1,740.5 million increase in expense compared to 9M24.Interest expense decreased by Ps. 14.0 million, or 0.5%, compared to 9M24, mainly due to the increase in bond certificates and higher borrowings of bank loans.Interest income decreased by Ps. 122.3 million, or 13.7%, compared to 9M24, mainly due to a decrease in the cash and cash equivalents average balance and changes in the reference rates. In 9M25, net and comprehensive income decreased by Ps. 171.5 million, or 2.2%, compared to 9M24, mainly due to a foreign currency translation effect of Ps. 1,740.5 million, partially offset by the increase in EBITDA described above.

During 9M25, net income increased by Ps. 1,503.0 million, or 22.4%, compared to 9M24, mainly due to the increase in EBITDA, partially offset by higher depreciation and amortization expenses. Income tax expense for the period increased by Ps. 696.5 million, composed of a Ps. 714.8 million increase in current income tax, partially offset by a Ps. 18.3 million increase in deferred tax benefit.

Statement of Financial Position

Total assets as of September 30, 2025, increased by Ps. 3, 671.2 million compared to September 30, 2024, primarily due to the following items: i) Improvements to concession assets of Ps. 5,598.2 million, ii) Other acquired rights of Ps. 888.6 million, iii) Advanced payments to suppliers of Ps. 869.3 million, iv) Trade accounts receivable of Ps. 722.4 million, v) Deferred income taxes of Ps. 754.2 million, partially offset by a decrease in cash and cash equivalents of Ps. 4,158.3 million, and a Ps. 511.5 million decrease in airport concessions.

As of September 30, 2025, total liabilities increased by Ps. 1,849.2 million compared to the same period in 2024, mainly due to i) Bonds certificates of Ps. 7,500.0 million, partially offset by a decrease in i) Dividends payable of Ps. 3,501.6 million, ii) Bank loans of Ps. 855.6 million, iii) Accounts payable of Ps. 530.2 million, and iv) Taxes payable of Ps. 109.0 million.

Company Description

Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (GAP) operates 12 airports throughout Mexico’s Pacific region, including the major cities of Guadalajara and Tijuana, the four tourist destinations of Puerto Vallarta, Los Cabos, La Paz and Manzanillo, and six other mid-sized cities: Hermosillo, Guanajuato, Morelia, Aguascalientes, Mexicali, and Los Mochis. In February 2006, GAP’s shares were listed on the New York Stock Exchange under the ticker symbol “PAC” and on the Mexican Stock Exchange under the ticker symbol “GAP”. In April 2015, GAP acquired 100% of Desarrollo de Concessioner Aeroportuarias, S.L., which owns a majority stake in MBJ Airports Limited, a company operating Sangster International Airport in Montego Bay, Jamaica. In October 2018, GAP entered into a concession agreement for the Norman Manley International Airport operation in Kingston, Jamaica, and took control of the operation in October 2019.

 This press release contains references to EBITDA, a financial performance measure not recognized under IFRS and which does not purport to be an alternative to IFRS measures of operating performance or liquidity. We caution investors not to place undue reliance on non-GAAP financial measures such as EBITDA, as these have limitations as analytical tools and should be considered as a supplement to, not a substitute for, the corresponding measures calculated in accordance with IFRS.     This press release may contain forward-looking statements. These statements are statements that are not historical facts and are based on management’s current view and estimates of future economic circumstances, industry conditions, company performance, and financial results. The words “anticipates”, “believes”, “estimates”, “expects”, “plans” and similar expressions, as they relate to the company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations, and the factors or trends affecting financial condition, liquidity, or results of operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends, or results will occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations.     In accordance with Section 806 of the Sarbanes-Oxley Act of 2002 and Article 42 of the “Ley del Mercado de Valores”, GAP has implemented a “whistleblower” program, which allows complainants to anonymously and confidentially report suspected activities that involve criminal conduct or violations. The telephone number in Mexico, facilitated by a third party responsible for collecting these complaints, is 800 04 ETICA (38422) or WhatsApp +52 55 6538 5504. The website is www.lineadedenunciagap.com or by email at [email protected]. GAP’s Audit Committee will be notified of all complaints for immediate investigation.

Exhibit A: Operating results by airport (in thousands of pesos): 

Airport3Q243Q25Change9M249M25ChangeGuadalajara      Aeronautical services1,417,5321,675,39318.2%3,982,1814,826,90921.2%Non-aeronautical services352,935366,7623.9%980,6671,076,0939.7%Improvements to concession assets (IFRIC 12)603,45732,396(94.6%)1,810,3712,381,24831.5%Total Revenues2,373,9242,074,551(12.6%)6,773,2198,284,25022.3%Operating income1,015,2911,279,84226.1%3,372,7203,704,8079.8%EBITDA1,200,4631,500,47525.0%3,815,5484,344,99313.9%       Tijuana      Aeronautical services706,053854,45921.0%2,036,3952,442,39219.9%Non-aeronautical services116,154130,33112.2%406,706380,982(6.3%)Improvements to concession assets (IFRIC 12)83,488386,094362.5%250,4641,158,282362.5%Total Revenues905,6971,370,88451.4%2,693,5653,981,65647.8%Operating income427,131539,95926.4%1,337,4241,512,34713.1%EBITDA549,019668,96621.8%1,688,1431,893,36412.2%       Los Cabos      Aeronautical services579,520682,61017.8%2,040,4502,533,18024.1%Non-aeronautical services303,020299,056(1.3%)954,7091,011,0565.9%Improvements to concession assets (IFRIC 12)149,281205,86337.9%447,844617,59037.9%Total Revenues1,031,8211,187,52915.1%3,443,0024,161,82520.9%Operating income452,723528,72516.8%1,880,9362,174,33815.6%EBITDA544,826633,29316.2%2,152,1222,480,24315.2%       Puerto Vallarta      Aeronautical services417,191489,80817.4%1,803,3642,198,75821.9%Non-aeronautical services125,653131,0374.3%449,813502,08411.6%Improvements to concession assets (IFRIC 12)371,727503,53635.5%1,115,1821,510,60935.5%Total Revenues914,5721,124,38222.9%3,368,3594,211,45225.0%Operating income277,152322,37716.3%1,461,3581,687,80915.5%EBITDA331,539384,67416.0%1,624,5941,878,89515.7%       Montego Bay      Aeronautical services449,879489,4638.8%1,415,1491,593,26212.6%Non-aeronautical services211,571233,16710.2%610,416709,71716.3%Improvements to concession assets (IFRIC 12)47,05850,4277.2%127,739163,78128.2%Total Revenues708,508773,0569.1%2,153,3032,466,76014.6%Operating income241,419245,5261.7%782,524893,54314.2%EBITDA320,937328,9002.5%1,002,6451,152,71215.0%        Exhibit A: Operating results by airport (in thousands of pesos):

Airport3Q243Q25Change9M249M25ChangeGuanajuato      Aeronautical services250,429292,74216.9%678,494841,37224.0%Non-aeronautical services50,16449,266(1.8%)142,768146,8062.8%Improvements to concession assets (IFRIC 12)55,538130,222134.5%166,613390,665134.5%Total Revenues356,130472,23032.6%987,8751,378,84439.6%Operating income188,197219,68416.7%527,958627,25918.8%EBITDA210,608244,71616.2%593,613703,66618.5%       Hermosillo      Aeronautical services127,518160,02825.5%377,662465,27423.2%Non-aeronautical services29,92826,563(11.2%)86,89583,324(4.1%)Improvements to concession assets (IFRIC 12)16,07917,2247.1%48,23851,6727.1%Total Revenues173,525203,81417.5%512,795600,27017.1%Operating income66,72787,45631.1%217,425263,67721.3%EBITDA91,963113,05422.9%293,241341,31616.4%       Others(1)      Aeronautical services679,158829,54022.1%1,816,9682,335,21528.5%Non-aeronautical services108,815116,6147.2%318,032350,69010.3%Improvements to concession assets (IFRIC 12)174,560345,29897.8%348,525735,538111.0%Total Revenues962,5331,291,45334.2%2,483,5273,421,44437.8%Operating income550,978286,831(47.9%)562,107767,85236.6%EBITDA518,842389,296(25.0%)828,4261,078,39330.2%       Total      Aeronautical services4,627,2805,474,04318.3%14,150,66217,236,36321.8%Non-aeronautical services1,298,2391,352,7964.2%3,950,0064,260,7527.9%Improvements to concession assets (IFRIC 12)1,501,1881,671,06011.3%4,314,9777,009,38562.4%Total Revenues7,426,7068,497,89914.4%22,415,64528,506,50027.2%Operating income3,219,6173,510,4029.0%10,142,45211,631,63214.7%EBITDA3,768,1984,263,37313.1%11,998,33213,873,58215.6%        (1)        Others include the operating results of the Aguascalientes, La Paz, Los Mochis, Manzanillo, Mexicali, Morelia, and Kingston airports.

Exhibit B: Consolidated statement of financial position as of September 30 (in thousands of pesos): 

 2024
2025Change%Assets    Current assets    Cash and cash equivalents15,828,015 11,669,498(4,158,517)(26.3%)Trade accounts receivable - Net2,370,326 3,092,764722,438 30.5%Other current assets1,325,663 1,300,225(25,438)(1.9%)Total current assets19,524,004 16,062,487(3,461,517)(17.7%)     Advanced payments to suppliers1,391,549 2,260,819869,270 62.5%Machinery, equipment and improvements to leased buildings - Net4,526,156 4,483,734(42,422)(0.9%)Improvements to concession assets - Net33,301,904 38,900,0755,598,171 16.8%Airport concessions - Net9,443,181 8,931,658(511,523)(5.4%)Rights to use airport facilities - Net1,008,491 954,626(53,865)(5.3%)Other acquired rights979,647 1,868,285888,638 90.7%Deferred income taxes - Net7,934,352 8,688,584754,232 9.5%Other non-current assets1,126,077 756,308(369,769)(32.8%)Total assets79,235,361 82,906,5753,671,214 4.6%     Liabilities    Current liabilities13,049,798 7,975,005(5,074,794)(38.9%)Long-term liabilities44,664,952 51,588,8926,923,940 15.5%Total liabilities57,714,751 59,563,8971,849,146 3.2%     Stockholders' Equity    Common stock1,194,390 1,194,390- 0.0%Legal reserve920,187 238,878(681,309)(74.0%)Net income6,535,681 7,850,0691,314,388 20.1%Retained earnings8,345,564 9,130,159784,595 9.4%Reserve for share repurchase2,500,000 2,500,000- 0.0%Foreign currency translation reserve681,626 95,577(586,049)(86.0%)Remeasurements of employee benefit – Net(1,741)32,12033,861 (1944.9%)Cash flow hedges- Net13,191 -(13,191)(100.0%)Total controlling interest20,188,898 21,041,193852,295 4.2%Non-controlling interest1,331,712 2,301,488969,776 72.8%Total stockholder's equity21,520,610 23,342,6811,822,071 8.5%     Total liabilities and stockholders' equity79,235,361 82,906,5753,671,214 4.6%      The non-controlling interest corresponds to the 25.5% stake held in the Montego Bay airport by Vantage Airport Group Limited (“Vantage”), as well as the 48.5% held by the shareholders of GWTC.

Exhibit C: Consolidated statement of cash flows (in thousands of pesos):  

 3Q243Q25Change9M249M25ChangeCash flows from operating activities:      Consolidated net income1,982,829 2,695,980 36.0%6,706,263 8,209,234 22.4%       Postemployment benefit costs15,126 18,062 19.4%42,678 47,683 11.7%Allowance expected credit loss12,559 11,130 (11.4%)31,086 23,398 (24.7%)Depreciation and amortization787,295 935,683 18.8%2,137,595 2,793,217 30.7%Loss (gain) on sale of machinery, equipment and improvements to leased assets9,561 (435)(104.5%)21,321 924 (95.7%)Interest expense1,066,482 1,028,380 (3.6%)3,044,373 3,309,889 8.7%Provisions374,058 10,026 (97.3%)390,308 (11,641)(103.0%)Income tax expense677,524 792,158 16.9%2,193,977 2,890,438 31.7%Unrealized exchange loss348,304 (87,406)(125.1%)574,167 (30,602)(105.3%) 5,273,738 5,403,578 2.5%15,141,769 17,232,539 13.8%Changes in working capital:      (Increase) decrease in      Trade accounts receivable(120,529)43,028 (135.7%)(203,657)(450,686)121.3%Recoverable tax on assets and other assets(14,850)(154,167)938.2%776,373 (46,803)(106.0%)Increase (decrease)      Concession taxes payable(67,357)(39,589)(41.2%)(176,389)(254,695)44.4%Accounts payable71,762 1,488,079 1973.6%(402,843)1,441,592 (457.9%)Cash generated by operating activities5,142,764 6,740,929 31.1%15,135,253 17,921,947 18.4%Income taxes paid(945,118)(2,477,296)162.1%(2,532,066)(4,802,085)89.7%Net cash flows provided by operating activities4,197,646 4,263,633 1.6%12,603,186 13,119,861 4.1%       Cash flows from investing activities:      Machinery, equipment and improvements to concession assets(2,117,161)(4,218,537)99.3%(5,226,435)(6,603,300)26.3%Cash flows from sales of machinery and equipment662 836 26.3%4,897 2,610 (46.7%)Other investment activities(46,510)1,079,384 (2420.8%)25,760 (653,186)(2635.7%)Business acquisition- - 0.0%(875,504)- (100.0%)Net cash used by investment activities(2,163,009)(3,138,317)45.1%(6,071,283)(7,253,875)19.5%       Cash flows from financing activities:      Dividends declared and paid- (4,254,436)100.0%- (8,508,872)100.0%Dividends paid non-controlling interest(70,061)(411,347)487.1%(135,485)(564,228)316.5%Capital reduction(3,501,573)- (100.0%)(3,501,573)- (100.0%)Bond certificates issued5,648,134 8,500,000 50.5%8,648,134 14,500,000 67.7%Bond certificates paid- - 0.0%(3,000,000)(7,000,000)133.3%Bank loans paid(2,425)(2,233,515)92003.7%(70,842)(5,688,452)7929.8%Bank loans- 693,817 100.0%875,000 3,942,915 350.6%Interest paid on bank loans(720,907)(1,131,482)57.0%(3,105,389)(3,437,967)10.7%Interest paid on lease(879)(493)(43.9%)(2,910)(1,775)(39.0%)Payments of obligations for leasing(10,286)(9,449)(8.1%)(19,193)(28,348)47.7%Net cash flows used in financing activities1,342,003 1,153,095 (14.1%)(312,258)(6,786,727)2073.4%       Effects of exchange rate changes on cash held(133,525)(306,255)129.4%(446,842)(875,787)96.0%Net increase (decrease) in cash and cash equivalents3,243,115 1,972,156 (39.2%)5,772,803 (1,796,529)(131.1%)Cash and cash equivalents at beginning of the period12,584,900 9,697,343 (22.9%)10,055,211 13,466,026 33.9%Cash and cash equivalents at the end of the period15,828,015 11,669,498 (26.3%)15,828,015 11,669,498 (26.3%)        Exhibit D: Consolidated statements of profit or loss and other comprehensive income (in thousands of pesos): 

 3Q243Q25Change9M249M25ChangeRevenues      Aeronautical services4,627,601 5,474,043 18.3%14,150,663 17,236,364 21.8%Non-aeronautical services2,103,878 2,431,480 15.6%5,521,018 7,268,014 31.6%Improvements to concession assets (IFRIC-12)1,501,188 1,671,060 11.3%4,314,977 7,009,385 62.4%Total revenues8,232,667 9,576,583 16.3%23,986,658 31,513,762 31.4%       Operating costs      Costs of services:1,435,204 1,637,006 14.1%3,720,973 4,644,243 24.8%Employee costs573,117 633,119 10.5%1,522,994 1,885,203 23.8%Maintenance213,360 307,625 44.2%555,642 821,358 47.8%Safety, security & insurance220,486 243,706 10.5%602,508 691,429 14.8%Utilities160,803 174,887 8.8%396,811 448,850 13.1%Business operated directly by us72,858 84,697 16.3%219,017 258,665 18.1%Other operating expenses194,580 192,972 (0.8%)424,000 538,738 27.1%       Technical assistance fees200,635 226,322 12.8%627,172 731,901 16.7%Concession taxes598,091 963,943 61.2%1,991,302 2,954,025 48.3%Depreciation and amortization787,295 935,683 18.8%2,137,595 2,793,217 30.7%Cost of improvements to concession assets (IFRIC-12)1,501,188 1,671,060 11.3%4,314,977 7,009,385 62.4%Other (income)(10,082)(7,397)(26.6%)(22,474)(43,542)93.7%Total operating costs4,512,331 5,426,617 20.3%12,769,544 18,089,229 41.7%Income from operations3,720,336 4,149,966 11.5%11,217,114 13,424,533 19.7%Financial Result(1,059,983)(661,828)(37.6%)(2,316,875)(2,324,863)0.3%Income before income taxes2,660,353 3,488,138 31.1%8,900,239 11,099,670 24.7%Income taxes(677,524)(792,158)16.9%(2,193,977)(2,890,438)31.7%Net income1,982,829 2,695,980 36.0%6,706,263 8,209,234 22.4%Currency translation effect651,897 (231,955)(135.6%)1,019,679 (730,540)(171.6%)Cash flow hedges, net of income tax(12,124)2,692 (122.2%)(47,527)4,584 (109.6%)Remeasurements of employee benefit – net income tax(2,052)(8,929)335.1%177 23,837 13367.2%Comprehensive income2,620,550 2,457,788 (6.2%)7,678,591 7,507,114 (2.2%)Non-controlling interest(140,692)(96,975)(31.1%)(268,334)(302,853)12.9%Comprehensive income attributable to controlling interest2,479,858 2,360,813 (4.8%)7,410,259 7,204,263 (2.8%)        The non-controlling interest corresponds to the 25.5% stake held in the Montego Bay airport by Vantage Airport Group Limited (“Vantage”), as well as the 48.5% held by the shareholders of GWTC.

Exhibit E: Consolidated stockholders’ equity (in thousands of pesos): 

 Common StockLegal ReseveReserve for Share RepurchaseRetained EarningsOther comprehensive incomeTotal controlling interestNon-controlling interestTotal Stockholders' EquityBalance as of January 1, 20248,197,536 478,185 2,500,0008,787,568 (181,508)19,781,783 1,162,864 20,944,646 Increase legal reserve- 442,002 -(442,002)- - - - Capital reduction(7,003,146)- -- - (7,003,146)- (7,003,146)Dividends declared non-controlling interest- - -- - - (99,485)(99,485)Comprehensive income:        Net income- - -6,535,680 - 6,535,680 170,589 6,706,269 Foreign currency translation reserve- - -- 921,933 921,933 97,744 1,019,677 Remeasurements of employee benefit – Net- - -- 177 177 - 177 Reserve for cash flow hedges – Net of income tax- - -- (47,527)(47,527)- (47,527)Balance as of September 30, 20241,194,390 920,187 2,500,00014,881,246 693,075 20,188,898 1,331,712 21,520,610          Balance as of January 1, 20251,194,390 920,187 2,500,00016,957,723 773,499 22,345,799 2,275,940 24,621,739 Decrease legal reserve- (681,309)-681,309 - - - - Dividends declared- - -(8,508,872)- (8,508,872)(277,305)(8,786,177)Comprehensive income:        Net income- - -7,850,068 - 7,850,068 359,171 8,209,239 Foreign currency translation reserve- - -- (674,223)(674,223)(56,318)(730,541)Remeasurements of employee benefit – Net- - -- 23,837 23,837 - 23,837 Reserve for cash flow hedges – Net of income tax- - -- 4,584 4,584 - 4,584 Balance as of September 30, 20251,194,390 238,878 2,500,00016,980,228 127,697 21,041,192 2,301,488 23,342,681           The non-controlling interest corresponds to the 25.5% stake held in the Montego Bay airport by Vantage Airport Group Limited (“Vantage”), as well as the 48.5% held by the shareholders of GWTC.

As a part of the adoption of IFRS, the effects of inflation on common stock recognized under Mexican Financial Reporting Standards (MFRS) through December 31, 2007, were reclassified as retained earnings because accumulated inflation recognized under MFRS is not considered hyperinflationary according to IFRS. For Mexican legal and tax purposes, Grupo Aeroportuario del Pacífico, S.A.B. de C.V., as an individual entity, will continue preparing separate financial information under MFRS. Therefore, for any transaction between the Company and its shareholders related to stockholders’ equity, the Company must take into consideration the accounting balances prepared under MFRS as an individual entity and determine the tax impact under tax laws applicable in Mexico, which requires the use of MFRS. For purposes of reporting to stock exchanges, the consolidated financial statements will continue to be prepared following IFRS, as issued by the IASB.

Exhibit F: Other operating data: 

 3Q243Q25Change9M249M25ChangeTotal passengers15,273.115,659.62.5%46,137.347,808.43.6%Total cargo volume (in WLUs)720.9717.5(0.5%)2,064.02,054.8(0.4%)Total WLUs15,994.016,377.12.4%48,201.349,863.23.4%       Aeronautical & non aeronautical services per passenger (pesos)440.7504.814.5%426.4512.620.2%Aeronautical services per WLU (pesos)289.3334.215.5%293.6345.717.7%Non aeronautical services per passenger (pesos)137.8155.312.7%119.7152.027.0%Cost of services per WLU (pesos)89.7100.011.4%77.293.120.7%        WLU = Workload units represent passenger traffic plus cargo units (1 cargo unit = 100 kilograms of cargo).

, /PRNewswire/ -- 

Why: Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of Soleno Therapeutics, Inc. (NASDAQ: SLNO) resulting from allegations that Soleno Therapeutics may have issued materially misleading business information to the investing public.

So What: If you purchased Soleno Therapeutics securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. The Rosen Law Firm is preparing a class action seeking recovery of investor losses.

What to do next: To join the prospective class action, go to https://rosenlegal.com/submit-form/?case_id=43959 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.

What is this about: On August 15, 2025, Investing.com published a story entitled "Soleno Therapeutics stock falls after Scorpion Capital short report." The article stated that Soleno Therapeutics stock had fallen "following a short report from Scorpion Capital that raised serious concerns about the company's recently approved Prader-Willi syndrome treatment, VYKAT XR." It further stated that the Scorpion Capital report "highlighted personal safety issues," and that it "suggested the drug may be at risk of being withdrawn from the market or facing a significant decline in new prescriptions."

On this news, Soleno Therapeutics' stock fell 7.4% on August 15, 2025. It fell a further 4.9% on the next trading day.

Why Rosen Law: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm achieved the largest ever securities class action settlement against a Chinese Company at the time. At the time Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

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

Contact Information:

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      The Rosen Law Firm, P.A.
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SOURCE THE ROSEN LAW FIRM, P. A.

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These companies have been very reliable dividend payers over the past couple of decades.

A stable income stream is the cornerstone of a worry-free retirement. By receiving reliable payments, retirees can focus on enjoying life rather than stressing over expenses. The right investments are crucial in making this possible.

Investing in high-quality dividend stocks can be a great source of reliable retirement income. Realty Income (O 1.12%) and Oneok (OKE 0.63%) have each demonstrated the durability of their dividend payments over many decades. This proven reliability makes them strong options for those seeking consistent income in retirement.

Image source: Getty Images.

Executing the mission
Realty Income has a clear mission. This real estate investment trust (REIT) aims to provide dependable monthly dividends that grow over time. The company has paid 664 consecutive monthly dividends throughout its history. It has raised its payment 132 times since its public market listing in 1994, including for the past 112 quarters in a row (and for more than 30 consecutive years). It stands out for its consistency among income stocks in the real estate sector.

The REIT offers investors an attractive dividend that currently yields 5.5%. That's well above average (the S&P 500's dividend yield is around 1.2%). As a result, investors can generate more income from every dollar they invest in the company.

Realty Income backs its reliable dividend with very durable cash flows. It owns a diversified real estate portfolio (retail, industrial, gaming, and other properties), net leased to many of the world's leading companies. Net leases provide it with very predictable cash flow because tenants cover all property operating expenses, including routine maintenance, real estate taxes, and building insurance. Meanwhile, the company owns properties leased to tenants in resilient industries. Over 90% of its rent comes from tenants in sectors resilient to economic downturns and isolated from the pressures of e-commerce, such as grocery stores, distribution facilities, and data centers.

The REIT pays out a conservative percentage of its stable rental income in dividends (about 75% of its adjusted funds from operations). That gives it a comfy cushion while enabling it to retain lots of cash to make additional income-generating real estate investments. Realty Income also has one of the strongest balance sheets in the sector, further enhancing its ability to make new investments. It should have no shortage of investment opportunities in the coming years, given the $14 trillion total estimated market value of real estate suitable for net leases across the U.S. and Europe. The company's growing portfolio enables it to steadily increase its dividend.

A pillar of stability
Oneok has been one of the most reliable dividend stocks in the pipeline sector. The energy infrastructure company has delivered more than a quarter-century of dividend stability and growth. While Oneok hasn't increased its payout every single year, it has grown it at a peer-leading rate over the past 10 years by nearly doubling its payment. The company currently offers a 6% dividend yield.

The energy company operates a balanced portfolio of premier energy infrastructure assets, backed predominantly by long-term, fee-based contracts. Those agreements provide it with very stable cash flow to cover its dividend. Oneok also has a strong investment-grade balance sheet backed by a low leverage ratio. This rock-solid financial position gives the company the flexibility to invest in organic expansion projects and make accretive acquisitions to grow its platform.

Oneok currently has several high-return organic expansion projects in the backlog, which it expects to complete through mid-2028. This gives it lots of visibility into its future growth. The company has also made several acquisitions over the past few years, which will continue to boost its bottom line in the coming years as it captures additional synergies. It has ample financial flexibility to approve new expansion projects and make additional acquisitions. With demand for energy expected to continue growing, especially for natural gas, the company should have no shortage of investment opportunities. This fuels Oneok's view that it can grow its dividend by a 3% to 4% annual rate.

Reliable income stocks
For retirees seeking dependable, growing income, Realty Income and Oneok stand out as proven dividend payers. Their stable cash flow and prudent financial management provide confidence that these companies can continue delivering reliable income for years. Those features make them ideal dividend stocks for retirement portfolios.

Matt DiLallo has positions in Realty Income. The Motley Fool has positions in and recommends Realty Income. The Motley Fool recommends Oneok. The Motley Fool has a disclosure policy.

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES VANCOUVER, BC / ACCESS Newswire / October 20, 2025 / George Sanders, President of Goldcliff Resource Corporation ("Goldcliff" or the "Company") (GCN:TSXV)(GCFFF:OTC PINK) is pleased to announce a proposed non-brokered private placement for aggregate gross proceeds of up to $730,000 (the "Private Placement"). The Private Placement will consist of the issuance of: (i) up to 4,000,000 units (each, a "NFT Unit"), at a price of $0.06 per NFT Unit (the "NFT Unit Offering"), with each NFT Unit comprising one common share of the Company (each, a "Common Share") and one half of one non-transferrable Common Share purchase warrant (each whole warrant, a "Warrant"), with each Warrant entitling the holder to acquire an additional Common Share at an exercise price of $0.08 per Common Share for a period of 24 months from the Closing Date (as defined herein); and (ii) up to 7,000,000 flow-through shares ("FT Shares"), at a price of $0.07 per FT Share (the "FT Share Offering"), with each FT Share comprising one Common Share which qualifies as a "flow-through share" within the meaning of the Income Tax Act (Canada).

CNBC's Jim Cramer discusses the day's market action and what he thinks of Apple's recent stock price after its record close.

FRMO Corporation (OTCPK:FRMO) Q1 2026 Earnings Call October 20, 2025 4:15 PM EDT

Company Participants

Thérèse Byars - Corporate Secretary
Murray Stahl - Chief Executive Officer

Presentation

Thérèse Byars
Corporate Secretary

Good afternoon, everyone. This is Thérèse Byars speaking, and I'm the Corporate Secretary of FRMO Corp. Thank you for joining us on this call.

The statements made on this call apply only as of today. The information on this call should not be construed to be a recommendation to purchase or sell any particular security or investment fund. The opinions referenced on this call are not intended to be a forecast of future events or a guarantee of future results. It should not be assumed that any of the security transactions referenced today have been or will prove to be profitable or that future investment decisions will be profitable or will equal or exceed the past performance of the investments. For additional information, you may visit the FRMO Corp. website at frmocorp.com.

Today's discussion will be led by Murray Stahl, Chief Executive Officer; and Steven Bregman, President and Chief Financial Officer. They will review key points related to the fiscal 2026 first quarter earnings.

And now I'll turn the discussion over to Mr. Stahl.

Murray Stahl
Chief Executive Officer

Okay. Thank you, Thérèse. Thank you, everybody, for joining us. So I thought what I'd do today is I make a couple of general points, a variety of general points related to what the quarter was like and talk about it in the context of what we've been trying to accomplish for the last couple of years, and then we'll turn it over to questions.

So, first part of the earnings themselves, the most salient event at least arithmetically, is the decline of our shares of Texas Pacific Land Trust. So it's a decline in

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CNBC's Jim Cramer discusses the day's market action and what he thinks of Apple's recent stock price after its record close.

Prediction: Nvidia stock will increase by about seven to 17 times in five years, depending upon the level of competition and assuming the U.S. economy remains at least relatively healthy for most of this period.

Nvidia (NVDA -0.31%) stock has been a fantastic performer over the short and long terms. Shares of the artificial intelligence (AI) chip and infrastructure leader have returned 1,440% and 26,960% over the last three years and decade, respectively, as of Friday, Oct. 17. These performances have transformed a $1,000 investment into $15,400 and $270,600, respectively. By comparison, one grand invested in the S&P 500 index has turned into $1,894 in three years and $3,910 in 10 years.

With Nvidia stock's eye-popping gains, it's easy to wonder if you missed your chance at buying shares. The answer is no, in my view, as Nvidia stock has many years of great performance left.

There are two reasons for my optimism. First, the AI revolution is still in its early stages. Second, Nvidia's graphics processing units (GPUs) are the gold standard for processing AI workloads, and there is no indication that they're in danger of losing that status, at least not for some time.

Below are my prediction ranges (a best case and a base case) for Nvidia stock's price in about five years, or by the end of 2030. My estimates are built upon data provided by Nvidia's CEO and CFO on the company's most recent quarterly earnings call. (Nvidia's earnings calls are chock-full of valuable data -- and listening to them is worth the time.)

Image source: Getty Images.

Nvidia CFO: "We see $3 [trillion] to $4 trillion in AI infrastructure spend by the end of the decade."
From CFO Colette Kress' remarks on Nvidia's fiscal second-quarter earnings call in late August:

We are at the beginning of an industrial revolution that will transform every industry. We see $3 [trillion] to $4 trillion in AI infrastructure spend by the end of the decade. The scale and scope of these [AI infrastructure] buildouts present significant long-term growth opportunities for Nvidia Corporation. [Emphasis mine.]

Numbers from CEO: 58% to 70% of an AI faciility's cost goes to Nvidia
From CEO Jensen Huang's remarks on the fiscal Q2 earnings call:

And so our contribution ... is a large part of the AI infrastructure. Out of a gigawatt AI factory, which can go [cost] anywhere from ... $50 to $60 billion, we represent about $35 [billion] plus or minus of that.

Huang is saying that a typical 1-gigawatt AI data center or other AI facility costs about $50 billion to $60 billion to build, and that about $35 billion of that cost is for Nvidia's AI technology.

So, about 58% ($35 billion divided by $60 billion) to 70% ($35 billion divided by $50 billion) of the total cost of an AI facility is the cost of buying Nvidia's tech.

Putting together the data provided by Nvidia's CFO and CEO
Kress said the company expects total global AI infrastructure spending to be $3 trillion to $4 trillion annually by the end of the decade. (It's not clear whether she meant by 2029 or 2030, but I'm using 2030 to be conservative. Moreover, Nvidia just published a presentation that uses the $3 trillion to $4 trillion projection by 2030.)

Of that $3 trillion to $4 trillion, Nvidia stands to take in 58% to 70% of it, according to Huang. This assumes that percentage range remains about the same. This will be part of my "best-case estimate," but I am also going to calculate a "base-case estimate" that assumes Nvidia's percentage of total AI infrastructure spend declines moderately, by 20%. This will account for the potential for increased competition by chipmaker Advanced Micro Devices (AMD) and others.

Revenue from AI infrastructure spend that Nvidia should generate in about five years:

Best-case estimate: 58% to 70% of $3 trillion to $4 trillion = $1.74 trillion to $2.8 trillion.
Base-case estimate: 46% to 56% (I chopped 20% off the percentages in the best-case range) of $3 trillion to $4 trillion = $1.38 trillion to $2.24 trillion.

Calculating my Nvidia stock price target ranges for 2030
Now, I'll use the numbers calculated above to come up with price target ranges for Nvidia stock in about five years. Two additional data points needed:

Nvidia stock's closing price on Oct. 17: $183.22.
Nvidia's AI-driven data center revenue was $41.1 billion (of its total revenue of $46.7 billion) in its most recently reported quarter (fiscal Q2, ended July 27). This equates to an annual run rate of $164.4 billion ($41.4 billion X 4).

Nvidia stock best-case price target in five years: $1,942 to $3,115.

Nvidia's projected AI infrastructure revenue in five years: $1.74 trillion to $2.8 trillion.
Nvidia's AI infrastructure revenue currently: annual revenue run rate of $164.4 billion.
Step 1 numbers divided by Step 2 number: 10.6 to 17.0. This means Nvidia's annual data center revenue should increase by 10.6 to 17.0 times in 5 years.
Nvidia stock price at market close on Oct. 17: $183.22.
Valuation assumption: I am assuming that Nvidia stock's earnings-based valuation will remain the same in five years. That's because its valuation is reasonable now given its growth and projected growth dynamics, in my view. (Trailing and forward price-to-earnings (P/E) ratios are 51.5 and 28.7, respectively.)
The above assumption means the conversion from revenue growth (Step 3 numbers) to stock price growth will be straightforward.
$183.22 X 10.6 to 17.0.
Stock price target in five years: $1,942 to $3,115.

Nvidia stock base-case price target in five years: $1,300 to $2,125.

Nvidia's projected AI infrastructure revenue in five years: $1.38 trillion to $2.24 trillion.
Nvidia's AI infrastructure revenue currently: annual run rate of $164.4 billion.
Step 1 numbers divided by Step 2 number: 8.4 to 13.6. So, Nvidia's annual data center revenue should increase by 8.4 to 13.6 times in five years.
Nvidia stock price at market close on Oct. 17: $183.22.
Valuation assumption: I am assuming that Nvidia stock's earnings-based valuation remains the same in five years.
The above assumption means the conversion from revenue growth (Step 3 numbers) to stock price growth would be straightforward.
BUT, I'm going to assume that the data center platform's profitability declines modestly due to the possibility of increased competition. I can adjust the factors in Step 3 down by 15% to account for this since I had been assuming a straightforward relationship between revenue, earnings, and price target growth.
[8.4 to 13.6] x [85%] = 7.1 to 11.6.
$183.22 X 7.1 to 11.6.
Stock price target in five years: $1,300 to $2,125.

Why there is upside to both these target ranges
I only considered Nvidia's data center market platform growth when calculating my price targets. That's because this AI-driven platform accounts for the vast majority of the company's revenue and earnings -- and stock price gains are usually driven by earnings growth.

In the first half of the current fiscal year, the data center platform accounted for 88% of Nvidia's total revenue. And it accounted for an even higher percentage of total earnings. That percentage is unknown because management does not break out earnings or other profitability metric by platform. But management has said that its data center platform is more profitable than its overall business. So, the data center platform probably accounts for in the mid-90% of total earnings.

If one or more of the company's other market platforms (gaming, professional visualization, and auto) grows revenue and earnings tremendously over the next five years, that should be upside for my price targets. The auto platform has the potential to be a big winner over the next five years due to driverless vehicles steadily progressing toward legality. Nvidia's end-to-end AI-powered driverless tech platform is widely adopted.

Caveat about the economy and overall stock market performance
My estimates assume the U.S. economy remains in at least a minimal growth mode and the stock market remains in a bull market for much of the next five years.

I don't think a mild and relatively brief recession would derail my Nvidia stock price targets, at least not by much, but a deep or long-lasting recession and long-lasting bear market would almost surely derail them.

My wrap-up
Nvidia stock best-case price target in five years: $1,942 to $3,115. (Of course, the stock would most likely split before it reached these levels, but the underlying growth remains the same.) This equates to Nvidia's stock price increasing by 10.6 to 17.0 times. It also equates to a compound annual growth rate (CAGR) of 60% to 76%.

Nvidia stock base-case price target in five years: $1,300 to $2,125. This equates to Nvidia's stock price increasing by 7.1 to 11.6 times. It also equates to a CAGR of 48% to 63%.

Taken together, the Nvidia stock price target range in five years is $1,300 to $3,115.

Beth McKenna has positions in Nvidia. The Motley Fool has positions in and recommends Advanced Micro Devices and Nvidia. The Motley Fool has a disclosure policy.

, /PRNewswire/ -- AMBITIONS ENTERPRISE MANAGEMENT CO. L.L.C, (the "Company") (NASDAQ: AHMA), a UAE-based MICE (meetings, incentives, conferences, and exhibitions) and tourism services provider, today announced the pricing of its initial public offering (the "Offering") of 1,500,000 Class A ordinary shares, par value US$0.0000001 per share (the "Class A Ordinary Shares"), at a public offering price of US$4.00 per share, for a total base offering size of US$6 million, assuming the underwriters do not exercise their option to purchase additional Class A Ordinary Shares, before deducting underwriting discounts and other related expenses.

The Class A Ordinary Shares are expected to begin trading on the Nasdaq Capital Market ("NASDAQ") on October 21, 2025, under the ticker symbol "AHMA." The Offering is expected to close on October 22, 2025, subject to customary closing conditions.

In addition, the Company has granted the underwriters a 45-day option from the closing of the Offering to purchase up to 15% of the number of Class A Ordinary Shares sold in the Offering to be offered at the public offering price, less underwriting discounts.

AC Sunshine Securities LLC and Univest Securities, LLC. acted as the joint bookrunners for the Offering. Hunter Taubman Fischer & Li is acting as U.S. securities counsel to the Company and Ortoli Rosenstadt LLP is acting as U.S. securities counsel to the joint bookrunners.

A registration statement relating to these securities has been filed with the U.S. Securities and Exchange Commission ("SEC") (File Number: 333-284789), as amended, and was declared effective by the SEC on September 30, 2025. Copies of the registration statement can be accessed through the SEC's website at www.sec.gov.

The offering is being made only by means of a prospectus, forming a part of the registration statement. Copies of the prospectus related to the offering, when available, may be obtained from: (i) AC Sunshine Securities LLC, Attention: 200 E. Robinson Street, Suite 295, Orlando, FL 32801, or by calling +1 917 593 8838, or by email at [email protected]; (ii) Univest Securities, LLC., Attention: 75 Rockefeller Plaza #1838, New York, NY 10019, or by calling +1 212 343 8888, or by email at [email protected]. In addition, copies of the final prospectus relating to the Offering, when available, may be obtained via the SEC's website at www.sec.gov.

Before you invest, you should read the prospectus and other documents the Company has filed or will file with the SEC for more information about the Company and the Offering. This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About AMBITIONS ENTERPRISE MANAGEMENT CO. L.L.C

As a UAE-based MICE (meetings, incentives, conferences, and exhibitions) and tourism services provider, the Company serves a global client base by delivering expert event management and seamless, one-stop travel solutions. Guided by an experienced management team and supported by partnerships across the tourism and hospitality industries in the Middle East, Europe, Africa, and the Americas, the Company executes large-scale events for clients from diverse sectors. Additionally, the Company manages bespoke travel experiences, providing a one-stop guided tour service that streamlines travel across the UAE and its neighboring countries, as well as to other global destinations.

For more information, please visit https://ir.ambitions.ae.

Forward-Looking Statements

This press release contains statements that may constitute "forward-looking" statements which are made pursuant to the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, statements relating to the expected trading of the Company's securities and the closing of the Offering. These forward-looking statements can be identified by terminology such as "will," "would," "may," "expects," "anticipates," "aims," "future," "continues," "could," "should," "target," "intends," "plans," "believes," "estimates," "likely to," and similar expressions. Statements that are not historical facts, including statements about the Company's beliefs, plans, and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including: uncertainties related to market conditions, the satisfaction of customary closing conditions related to the initial public offering, the completion of the initial public offering on the anticipated terms, or at all, and other factors discussed in the "Risk Factors" section of the preliminary prospectus that forms a part of the effective registration statement filed with the U.S. Securities and Exchange Commission.

For investor and media inquiries, please contact:

AMBITIONS ENTERPRISE MANAGEMENT CO. L.L.C
Investor Relations
Email: [email protected]

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

Jenny Cai
Tel: +86-10-6508-0677
Email: [email protected]

SOURCE AMBITIONS ENTERPRISE MANAGEMENT CO. L.L.C

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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.

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PROVO, Utah--(BUSINESS WIRE)--Green Dot Corporation (NYSE: GDOT) will host a conference call and earnings webcast to discuss third quarter 2025 financial results on Monday, November 10th, 2025 at 5:00 p.m. ET. A press release with the company’s third quarter 2025 financial results will be issued after the market closes on the same day. The live webcast of the call can be accessed from Green Dot’s investor relations website at http://ir.greendot.com/. A replay will be available at the same website following the call.

About Green Dot

Green Dot Corporation (NYSE: GDOT) is a financial technology platform and registered bank holding company that builds banking and payment solutions to create value, retain and reward customers, and accelerate growth for businesses of all sizes. ​For more than two decades, Green Dot has delivered financial tools and services that address the most pressing financial needs of consumers and businesses, and that transform the way people and businesses manage and move money.

Green Dot delivers a broad spectrum of financial products to consumers and businesses through its portfolio of brands, including: GO2bank, a leading digital and mobile bank account offering simple, secure and useful banking for Americans living paycheck to paycheck; the Green Dot Network (“GDN”) of more than 95,000 retail distribution and cash access locations nationwide; Arc by Green Dot, the single-source embedded finance platform combining all of Green Dot’s secure banking and money processing capabilities to power businesses at all stages of growth; rapid! wage and disbursements solutions, providing pay card and earned wage access services to more than 6,000 businesses and their employees; and Santa Barbara TPG (“SBTPG”), the company’s tax division, which processes approximately 14 million tax refunds annually.

Founded in 1999, Green Dot has managed more than 80 million accounts to date both directly and through its partners. Green Dot Bank is a subsidiary of Green Dot Corporation and member of the FDIC. For more information about Green Dot’s products and services, please visit www.greendot.com.

, /PRNewswire/ - Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) (Energy Fuels) and Astron Limited (ASX: ATR) (Astron) are pleased to announce that they have received a non-binding and conditional Letter of Support from Export Finance Australia (EFA) (dated 21 October 2025), for up to A$80 million in respect of senior debt project financing for the development of the Donald Rare Earth and Mineral Sands Project (Donald Project). The Donald Project total funding requirement is estimated to be A$520mm based on the latest project parameters released in July 2025, The joint venture is targeting a 50%: 50% debt-to-equity gearing ratio and is working with other Export Credit Agencies and senior lenders to confirm the syndicate that will provide the project financing facility for the Donald Project.

Astron Corporation (CNW Group/Energy Fuels Inc.)

EFA is Australia's export credit agency, providing commercial finance for export trade and overseas infrastructure development. The EFA Letter of Support is subject to the satisfactory completion of due diligence, including financial, technical, environmental, and social assessments, as is customary for facilities of this nature, credit, risk and legal approvals, and compliance with applicable laws and regulations.

The letter represents a key milestone in progressing the Project's debt financing plan and complements Astron's and Energy Fuels' broader funding initiatives, including the Donald Project Joint Venture equity funding.

The shovel ready Donald Project is one of Australia's most advanced critical mineral projects, targeting the production of rare earth elements (REEs), which are expected to be shipped to Energy Fuels' mineral processing facility in the U.S. for production of advanced REE materials, and zircon-rich heavy mineral concentrates for global supply chains. Production is planned to commence as early as H2 2027, subject to securing project financing and completion of a positive final investment decision (FID) for the Project.

With 100% of the Project's Rare Earth Element Concentrate (REEC) subject to a life-of-mine offtake agreement with Energy Fuels, the Donald Project, once developed and brought into production, will strengthen global supply chain resilience for Western and partner nations.

When in production, Phase 1 of the Donald Project is expected to produce on average 7.2 thousand tonnes (ktpa) of REEC per annum containing both light and highly strategic heavy rare earths, including up to 1,000t of Neodymium-Praseodymium (NdPr) oxides, 92t of Dysprosium (Dy) oxide, and 16t of Terbium (Tb) oxides per year. Energy Fuels' White Mesa Mill (Mill) in Utah, USA has the current capacity to process all of the Donald Project's Phase 1 REEC production and extract the light and heavy REEs. The Mill also has the current capacity to produce up to 1,000t of separated NdPr oxide, and Energy Fuels expects to commission the capacity to produce separated Dy, Tb, and potentially other heavy REE oxides as soon as late 2026.

Notably, the heavy rare earths expected to be produced from Donald Phase 1 would satisfy approximately one third of U.S. demand for Dy and a quarter of U.S. demand for Tb, elements that are critical to the clean energy, defence and advanced manufacturing industries.

The financing activities are being progressed in parallel with early site works and sourcing and procurement of long-lead time equipment.

Astron Managing Director, Tiger Brown, said:

"The conditional and non-binding Letter of Support from EFA highlights the strategic role the Project plays in the diversification of critical mineral supply chains. It marks a key milestone in our pathway to development of the Donald Project and the tangible progress we are making toward establishing a world-class rare earth operation in Australia."

Energy Fuels CEO, Mark Chalmers, said:

"The conditional and non-binding Letter of Support from EFA is a strong vote of confidence for the Donald Project and its role in supporting global critical minerals supply chains. This is a key additional step in our financing pathway and reflects our on-going progress toward delivering one of Australia's most important rare earth projects, including valuable NdPr, and exceptional concentrations of Dy, Tb and other 'heavy' rare earth oxides, which upon project development will be processed and separated into high-purity products at our White Mesa Mill in Utah."

Broader Financing Strategy

The conditional and non-binding Letter of Support from EFA complements the companies' broader financing strategies for the Donald Project, which includes:

Advanced ongoing engagement with other government agencies and commercial banks to secure the balance of the debt financing.

A staged equity investment of up to A$183 million from Energy Fuels, of which A$45 million is expected to be contributed prior to FID and A$138 million is expected to be contributed post-FID, providing capital for pre-development and construction activities.

Pro-rata equity contributions by the joint venturers on a 51%/49% basis amounting to additional post-FID contributions of A$122 million (of which Astron's share would be ~A$62 million and Energy Fuels' share would be ~A$60 million).

These financing arrangements collectively represent material progress toward securing full funding for the development of the Donald Project.

Based on the revised project economic parameters, which were announced on 23 July 2025, the Project's indicative forecast total funding requirement is A$520 million (in nominal terms) including capital expenditures and start-up working capital, as well as A$44 million of indicative finance costs, fees and interest during the construction period, and funding reserves, based on targeting a base case 50%:50% debt-to equity ratio.

Astron will continue to work with its debt advisor, ICA Partners, on the arrangement of debt funding for the Donald Project. 

This announcement is authorised for release by the Managing Director of Astron and CEO of Energy Fuels.

About Donald Project

The Donald Project, in Victoria's Murray Basin near Minyip and Donald, is expected to be a globally significant source of critical minerals. The Project features a total mineral resource of 1.81 billion tonnes with a planned mine life greater than 58 years over two phases. It will produce zirconium, titanium, and rare earth elements, including neodymium, praseodymium, terbium and dysprosium, which support technologies vital to clean energy, defence, and advanced manufacturing. Astron Limited and US critical minerals company Energy Fuels Inc. have formed a joint venture, known as Donald Mineral Sands (DMS), which is developing the project. DMS is committed to responsible land use, progressive rehabilitation, and long-term economic contribution to regional Victoria.  

About Astron

Astron Limited (ASX: ATR) is an Australian-based company listed on the ASX. With over 35 years of operating history, Astron has been involved in mineral sands processing, downstream product development, and the marketing and sales of zirconium and titanium related products. Astron's prime focus is the development of its large, long-life Donald Rare Earth and Mineral Sands Project in regional Victoria, Australia. In addition to its Australian assets, the Company also conducts a mineral sands trading operation.

About Export Finance Australia

Export Finance Australia (EFA) is Australia's export credit agency. EFA provides commercial finance for export trade and overseas infrastructure development. From small and medium-sized enterprises to large corporates and infrastructure projects, EFA helps Australian businesses take on the world. In doing so, EFA's finance supports Australia's economic security and resilience. 

EFA administers the Australian Government's National Interest Account, which currently includes the Southeast Asia Investment Financing Facility, Critical Minerals Facility, the Defence Export Facility and lending for the Australian Infrastructure Financing Facility for the Pacific.

About Energy Fuels

Energy Fuels is a leading U.S.-based, global critical minerals company, focused on uranium, rare earth elements, heavy mineral sands, vanadium and medical isotopes. The Company owns and operates several conventional and in-situ uranium projects in the western U.S., as well as the White Mesa Mill, which is the only operating conventional uranium mill in the U.S. The Mill also houses the Company's commercial-scale rare earth processing circuits. Additionally, Energy Fuels is developing heavy mineral sand projects around the world to supply titanium and zirconium minerals to global markets, along with rare earth concentrates to the Mill for processing into separated rare earth oxides.

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS

This news release contains certain "Forward Looking Information" and "Forward Looking Statements" within the meaning of applicable United States and Canadian securities legislation, which may include, but are not limited to, statements with respect to: any expectation that all conditions will be satisfied and that the non-binding and conditional Letter of Support from EFA will become a binding commitment of EFA; any expectation that the Donald Project will be successful in arranging all required project financing; any expectation that a positive FID will be made for the Donald Project as early as H2 2027 or at all; and any expectation that the Donald Project will be successfully developed and will produce as expected. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects," "does not expect," "is expected," "is likely," "budgets," "scheduled," "estimates," "forecasts," "intends," "anticipates," "does not anticipate," or "believes," or variations of such words and phrases, or state that certain actions, events or results "may," "could," "would," "might" or "will be taken," "occur," "be achieved" or "have the potential to." All statements, other than statements of historical fact, herein are considered to be forward-looking statements. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the companies or their projects to be materially different from any future results, performance or achievements express or implied by the forward-looking statements. Factors that could cause actual results to differ materially from those anticipated in these forward-looking statements include risks associated with: commodity prices and price fluctuations; engineering, construction, processing and mining difficulties, upsets and delays; and the other factors described in the companies' public disclosure documents. Forward-looking statements contained herein are made as of the date of this news release, and Energy Fuels and Astron disclaim, other than as required by law, any obligation to update any forward-looking statements whether as a result of new information, results, future events, circumstances, or if management's estimates or opinions should change, or otherwise. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements. Energy Fuels and Astron assume no obligation to update the information in this communication, except as otherwise required by law.

SOURCE Energy Fuels Inc.

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October 20, 2025 20:34 ET

 | Source:

XORTX Therapeutics Inc.

CALGARY, Alberta, Oct. 20, 2025 (GLOBE NEWSWIRE) -- XORTX Therapeutics Inc. ("XORTX" or the “Company”) (NASDAQ: XRTX | TSXV: XRTX | Frankfurt: ANU), a late stage clinical pharmaceutical company focused on developing innovative therapies to treat gout and progressive kidney disease, announces that a press release that had previously been issued on April 17, 2025 was re-issued in error today. Please disregard this prior press release.  

XORTX announces that it received today a notice (the “Extension Notice”) from the Nasdaq Stock Market LLC (“Nasdaq”) granting the Company’s request for a 180-day extension to regain compliance with the minimum bid price requirement (“Minimum Bid Requirement”) of US$1.00 per share under the Nasdaq Rule 5550(a)(2). The Company was first notified by Nasdaq that is was non-compliant with the Minimum Bid Requirement on April 17, 2025, and was given until October 14, 2025 to regain compliance. The Company now has until April 13, 2026 to meet the requirement (the “Second Compliance Period”).

If at any time during the Second Compliance Period, the closing bid price of the Company's common shares is at least $1 per share for at least a minimum of 10 consecutive business days, Nasdaq will provide the Company with written notification that the Company has achieved compliance with the Minimum Bid Requirement and will consider deficiency matters closed. If compliance with the Minimum Bid Price Requirement cannot be demonstrated by April 13, 2026, Nasdaq will provide written notification that the Company's common shares will be delisted. At that time, the Company may appeal Nasdaq's determination to a Nasdaq Hearings Panel (the “Panel”). The Company would remain listed pending the Panel’s decision. There can be no assurance that if the Company does appeal a subsequent delisting determination, that such appeal would be successful. Accordingly, there can be no assurance that the Company will be able to regain compliance with the Minimum Bid Price Requirement or maintain its listing on The Nasdaq Capital Market.

The Company is also listed on the TSX Venture Exchange and the notification letter does not affect the Company’s compliance status with such listing.

The Company intends to evaluate all available options to resolve the deficiency and regain compliance with Nasdaq Rule 5550(a)(2).

About XORTX Therapeutics Inc.

XORTX is a pharmaceutical company with three clinically advanced products in development: 1) our lead program XRx-026 program for the treatment of gout; 2) XRx-008 program for ADPKD; and 3) XRx-101 for acute kidney and other acute organ injury associated with respiratory virus infections. In addition, the Company is developing XRx-225, a pre-clinical stage program for Type 2 diabetic nephropathy. XORTX is working to advance products that target aberrant purine metabolism and xanthine oxidase to decrease or inhibit production of uric acid. At XORTX, we are dedicated to developing medications that improve the quality of life and health of individuals with gout and other important diseases. Additional information on XORTX is available at www.xortx.com.

For more information, please contact:     Allen Davidoff, CEO Nick Rigopulos, Director of [email protected] or +1 403 455 7727 [email protected] or +1 617 901 0785    Neither the TSX Venture Exchange nor Nasdaq has approved or disapproved the contents of this news release. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein. 

Forward Looking Statements

This press release contains express or implied forward-looking statements pursuant to applicable securities laws. These forward-looking statements include, but are not limited to, the Company's beliefs, plans, goals, objectives, expectations, assumptions, estimates, intentions, future performance, other statements that are not historical facts and statements identified by words such as "expects", "anticipates", "intends", "plans", "believes", "seeks", "estimates" or words of similar meaning. These forward-looking statements and their implications are based on the current expectations of the management of XORTX only, and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. Such risks, uncertainties, and other factors include, but are not limited to, our ability to obtain additional financing; the accuracy of our estimates regarding expenses, future revenues and capital requirements; the success and timing of our preclinical studies and clinical trials; the performance of third-party manufacturers and contract research organizations; our plans to develop and commercialize our product candidates; our plans to advance research in other kidney disease applications; and, our ability to obtain and maintain intellectual property protection for our product candidates. Except as otherwise required by applicable law and stock exchange rules, XORTX undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. More detailed information about the risks and uncertainties affecting XORTX is contained under the heading “Risk Factors” in XORTX’s Annual Report on Form 20-F filed with the SEC, which is available on the SEC's website, www.sec.gov (including any documents forming a part thereof or incorporated by reference therein), as well as in our reports, public disclosure documents and other filings with the securities commissions and other regulatory bodies in Canada, which are available on www.sedarplus.ca.

In the latest trading session, Coterra Energy (CTRA - Free Report) closed at $23.42, marking a +2.72% move from the previous day. The stock's change was more than the S&P 500's daily gain of 1.07%. At the same time, the Dow added 1.12%, and the tech-heavy Nasdaq gained 1.37%.

Shares of the independent oil and gas company have depreciated by 2.06% over the course of the past month, outperforming the Oils-Energy sector's loss of 2.63%, and lagging the S&P 500's gain of 1.08%.

The investment community will be paying close attention to the earnings performance of Coterra Energy in its upcoming release. The company is slated to reveal its earnings on November 3, 2025. The company's upcoming EPS is projected at $0.44, signifying a 37.50% increase compared to the same quarter of the previous year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.78 billion, up 31.05% from the year-ago period.

For the annual period, the Zacks Consensus Estimates anticipate earnings of $2.35 per share and a revenue of $7.52 billion, signifying shifts of +39.88% and +37.77%, respectively, from the last year.

It is also important to note the recent changes to analyst estimates for Coterra Energy. These revisions help to show the ever-changing nature of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.

Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.

Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 4.58% lower. Coterra Energy presently features a Zacks Rank of #4 (Sell).

From a valuation perspective, Coterra Energy is currently exchanging hands at a Forward P/E ratio of 9.71. This signifies no noticeable deviation in comparison to the average Forward P/E of 9.71 for its industry.

It's also important to note that CTRA currently trades at a PEG ratio of 0.32. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The average PEG ratio for the Oil and Gas - Exploration and Production - United States industry stood at 0.77 at the close of the market yesterday.

The Oil and Gas - Exploration and Production - United States industry is part of the Oils-Energy sector. Currently, this industry holds a Zacks Industry Rank of 221, positioning it in the bottom 11% of all 250+ industries.

The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

To follow CTRA in the coming trading sessions, be sure to utilize Zacks.com.

Lucid Group (LCID - Free Report) closed the most recent trading day at $19.89, moving +1.32% from the previous trading session. This move outpaced the S&P 500's daily gain of 1.07%. Elsewhere, the Dow saw an upswing of 1.12%, while the tech-heavy Nasdaq appreciated by 1.37%.

The an electric vehicle automaker's shares have seen a decrease of 6.97% over the last month, not keeping up with the Auto-Tires-Trucks sector's gain of 1.6% and the S&P 500's gain of 1.08%.

The investment community will be paying close attention to the earnings performance of Lucid Group in its upcoming release. The company is slated to reveal its earnings on November 5, 2025. The company's earnings per share (EPS) are projected to be -$2.32, reflecting a 43.41% increase from the same quarter last year. Simultaneously, our latest consensus estimate expects the revenue to be $325.59 million, showing a 62.76% escalation compared to the year-ago quarter.

For the full year, the Zacks Consensus Estimates are projecting earnings of -$8.88 per share and revenue of $1.26 billion, which would represent changes of +28.96% and +55.98%, respectively, from the prior year.

Investors might also notice recent changes to analyst estimates for Lucid Group. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.

Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.

The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.15% increase. Lucid Group is currently sporting a Zacks Rank of #3 (Hold).

The Automotive - Domestic industry is part of the Auto-Tires-Trucks sector. With its current Zacks Industry Rank of 163, this industry ranks in the bottom 35% of all industries, numbering over 250.

The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

To follow LCID in the coming trading sessions, be sure to utilize Zacks.com.

Booz Allen Hamilton (BAH - Free Report) closed at $100.95 in the latest trading session, marking a +2.97% move from the prior day. The stock exceeded the S&P 500, which registered a gain of 1.07% for the day. Meanwhile, the Dow experienced a rise of 1.12%, and the technology-dominated Nasdaq saw an increase of 1.37%.

Shares of the defense contractor have depreciated by 4.01% over the course of the past month, outperforming the Business Services sector's loss of 5.09%, and lagging the S&P 500's gain of 1.08%.

The investment community will be paying close attention to the earnings performance of Booz Allen Hamilton in its upcoming release. The company is slated to reveal its earnings on October 24, 2025. The company is predicted to post an EPS of $1.51, indicating a 16.57% decline compared to the equivalent quarter last year. In the meantime, our current consensus estimate forecasts the revenue to be $2.99 billion, indicating a 5.09% decline compared to the corresponding quarter of the prior year.

In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $6.38 per share and a revenue of $12.22 billion, indicating changes of +0.47% and +2.05%, respectively, from the former year.

Investors should also pay attention to any latest changes in analyst estimates for Booz Allen Hamilton. These revisions help to show the ever-changing nature of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.

Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.

Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 0.35% higher. As of now, Booz Allen Hamilton holds a Zacks Rank of #3 (Hold).

Looking at valuation, Booz Allen Hamilton is presently trading at a Forward P/E ratio of 15.37. This expresses a discount compared to the average Forward P/E of 19.68 of its industry.

We can additionally observe that BAH currently boasts a PEG ratio of 1.54. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Consulting Services was holding an average PEG ratio of 1.26 at yesterday's closing price.

The Consulting Services industry is part of the Business Services sector. This industry currently has a Zacks Industry Rank of 90, which puts it in the top 37% of all 250+ industries.

The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.

VANCOUVER, BC / ACCESS Newswire / October 20, 2025 / Future Fuels Inc. (the "Company" or "Future Fuels") (TSXV:FTUR)(FWB:S0J) wishes to announce that it has granted (the "Grant") an aggregate of 1,500,000 incentive stock options (each, an "Option") to purchase up to 1,500,000 common shares of the Company (each, a "Share") to certain directors, officers and consultants under its Equity Incentive Plan. The Options are exercisable for a period of three years from the date of Grant, expiring on October 20, 2028, at a price of $1.20 per Share.

, /PRNewswire/ --

Why: Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of Telix Pharmaceuticals Ltd. (NASDAQ: TLX) resulting from allegations that Telix may have issued materially misleading business information to the investing public.

So What: If you purchased Telix securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. The Rosen Law Firm is preparing a class action seeking recovery of investor losses.

What to do next: To join the prospective class action, go to https://rosenlegal.com/submit-form/?case_id=43778 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.

What is this about: On July 22, 2025, Telix disclosed receipt of a subpoena from the U.S. Securities and Exchange Commission, which was "seeking various documents and information primarily relating to the Company's disclosures regarding the development of the Company's prostate cancer therapeutic candidates."

On this news, Telix's American Depositary Receipt ("ADR") price fell $1.70 per ADR, or 10.44%, to close at $14.58 per ADR on July 23, 2025.

Why Rosen Law: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions.  Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm achieved the largest ever securities class action settlement against a Chinese Company at the time. At the time Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

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

Contact Information:

      Laurence Rosen, Esq.
      Phillip Kim, Esq.
      The Rosen Law Firm, P.A.
      275 Madison Avenue, 40th Floor
      New York, NY 10016
      Tel: (212) 686-1060
      Toll Free: (866) 767-3653
      Fax: (212) 202-3827
      [email protected]
      www.rosenlegal.com

SOURCE THE ROSEN LAW FIRM, P. A.

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Cura Botswana Corp. Obtains Shareholder Approval for Proposed Transaction Leviathan Gold Announces name change to “Leviathan Metals Corp.” VANCOUVER, British Columbia, Oct. 20, 2025 (GLOBE NEWSWIRE) -- Leviathan Gold Ltd. (“Leviathan” or the “Company”) (LVX – TSXV, LVXFF – OTC, 0GP – FSE) wishes to provide an update with respect to the previously announced proposed acquisition (the “Proposed Transaction”) of all of the issued and outstanding securities of Cura Exploration Botswana Corp. (“Cura”), further to its previous announcements on June 19, 2025, July 16, 2025, August 18, 2025 and September 11, 2025.

For the quarter ended September 2025, Cadence (CADE - Free Report) reported revenue of $517.21 million, up 15.6% over the same period last year. EPS came in at $0.81, compared to $0.73 in the year-ago quarter.

The reported revenue compares to the Zacks Consensus Estimate of $527.63 million, representing a surprise of -1.98%. The company delivered an EPS surprise of +3.85%, with the consensus EPS estimate being $0.78.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how Cadence performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

Adjusted Efficiency Ratio fully tax equivalent: 56.5% compared to the 56.1% average estimate based on four analysts.Net Interest Margin: 3.5% compared to the 3.5% average estimate based on four analysts.Average Balance - Total interest earning assets: $48.81 billion versus the three-analyst average estimate of $49.42 billion.Net charge-offs to average loans: 0.3% compared to the 0.2% average estimate based on three analysts.Non-Performing Loans: $249.82 million compared to the $241.79 million average estimate based on two analysts.Non-Performing Assets: $266.07 million compared to the $258.39 million average estimate based on two analysts.Total noninterest income: $93.48 million compared to the $99 million average estimate based on four analysts.Net Interest Income: $423.73 million compared to the $427 million average estimate based on three analysts.Net Interest Income (FTE): $425.8 million compared to the $428.6 million average estimate based on three analysts.Credit card, debit card and merchant fees: $13.48 million versus $13.22 million estimated by two analysts on average.Other noninterest income: $27.65 million compared to the $28.17 million average estimate based on two analysts.Deposit Service charges: $19.05 million versus $18.59 million estimated by two analysts on average.View all Key Company Metrics for Cadence here>>>

Shares of Cadence have returned -2.2% over the past month versus the Zacks S&P 500 composite's +1.1% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.