Market Signal Briefing

By Reuters

September 30, 20256:25 AM UTCUpdated ago

Sept 30 (Reuters) - British lender Close Brothers

(CBRO.L), opens new tab reported an annual profit of 144.3 million pounds ($193.88 million) on Tuesday, beating market estimates, as cost-saving measures and selective lending helped offset pressure from the motor finance commission probe.

Analysts had estimated 125 million pounds in adjusted operating profit from continuing operations for the year ended July 31, according to a company-compiled consensus.

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($1 = 0.7443 pounds)

Reporting by DhanushVignesh Babu in Bengaluru; Editing by Sherry Jacob-Phillips

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Capgemini becomes an Official Partner of Six Nations Rugby to enrich the fan experience through data and technology

The new five-year partnership encompasses the Guinness Men’s Six Nations and Guinness Women’s Six Nations, as well as the Quilter Nations Series and Summer Nations Series

Paris, September 30, 2025 – Capgemini announced today that it has become the Official Digital Transformation Partner of Six Nations Rugby, spanning the men’s and women’s game, up to 2029. This five-year partnership is the next chapter in Capgemini’s longtime rugby story, building on its commitment to elevate and expand the rugby fan experience through cutting-edge technology, data-driven insights, and fan-centric innovation.

As part of the new long-term collaboration, Capgemini becomes the Official Digital Transformation Partner of Six Nations Rugby, and its annual Men’s and Women’s Six Nations Championships, together with the Autumn Nations Series, which kicks off on November 1st, and the Summer Nations Series.

In 2025, the Guinness Men’s Six Nations was watched by nearly 130 million fans globally, signaling a 6% increase in audience compared to the previous year1. In 2026, the Championship kicks off in February with a unique Thursday night fixture, paving the way for five rounds of unmissable entertainment that continues to hold its place alongside some of the most loved and respected events in world sport. In the women’s game, next year's Guinness Women’s Six Nations will be the next international women’s rugby event, following this year’s captivating Women’s Rugby World Cup. Through this new partnership, Capgemini and Six Nations Rugby will be at the heart of driving rugby’s audience engagement and growth ambitions.

Over the next five years, Capgemini plans to leverage AI and generative AI-powered innovations to deliver deeper match insights, to help viewers better understand key match moments through enhanced match data integration, therefore contributing to the growth and enjoyment of the fan community.

“At Capgemini, we are proud to partner with Six Nations Rugby, a collaboration that reflects our common values and the history of our Group. Indeed, rugby holds a special place at Capgemini, deeply rooted in the legacy of our founder, Serge Kampf, and embedded in the DNA of our Group ever since its creation,” said Aiman Ezzat, Chief Executive Officer of Capgemini. “With the Six Nations Championships being some of the most popular rugby competitions in a number of our main markets, we are excited to bring Capgemini’s broad tech, data and AI expertise to enhance the viewing experience of rugby fans.”

Tom Harrison, CEO of Six Nations Rugby, added: “Inspiring and engaging rugby fans is at the heart of everything we do at Six Nations Rugby, and with the battle for audience attention, all forms of sport and entertainment need to innovate to engage global fans. Capgemini is at the forefront of new advancements in AI, cutting-edge digital technology and innovative uses of data to enhance the experience for rugby fans around the world. Our new partnership will play a vital role in elevating how we present the game of rugby for these fans, and we are all hugely excited to work together to enrich the fan experience, and to ensure that our Championships and competitions continue to set the standard for rugby globally.”

This partnership extends Capgemini’s sports sponsorship portfolio that focuses on bringing the breadth of the Group’s capabilities to enhance leading global events with insights and technological innovation, all with team spirit at the heart. As a global company based in 50 countries, Capgemini has well-established operations across regions with a strong rugby fanbase including France, the UK and Ireland.

Transforming sport through technology and innovation
This latest partnership strengthens Capgemini’s already strong track record in adding value to the fan experience and sporting performance through its portfolio of sports sponsorships.

As Worldwide Partner of the Ryder Cup 2025 in Farmingdale, N.Y., Capgemini developed AI-powered Outcome IQ that delivers dynamic probabilities and match insights. With real-time, context-aware insights, Outcome IQ is set to transform how fans can experience golf’s most iconic team competition across broadcast, digital and social channels.In June 2025, Capgemini announced it is the Official Partner of the Tour de France and Tour de France Femmes avec Zwift until 2029. The ambition is to leverage technology, innovation and AI to grow the cycling community, engage fans all over the world and bring cycling into people’s lives.For the Louis Vuitton 37th America’s Cup in 2024, Capgemini and America’s Cup Media revealed the breakthrough WindSight IQTM that makes the invisible wind visible for the first time ever. Through a combination of technology, engineering, data, and design, Capgemini developed a LiDAR-based sensor system that made the yacht racing more understandable and engaging for viewers. The solution brings together the digital and physical worlds to help viewers visualize the wind and model potential race results, enhancing the fan experience.As part of a multi-year partnership with Peugeot Sport, Capgemini makes its advanced data analysis and artificial intelligence expertise available to Peugeot Sport’s experts. Capgemini provides the Peugeot 9X8 FIA World Endurance Championship (WEC) program team with advanced digital tools and analytics to enhance the performance of the team and the Peugeot 9X8 Hypercar. About Capgemini
Capgemini is a global business and technology transformation partner, helping organizations to accelerate their dual transition to a digital and sustainable world, while creating tangible impact for enterprises and society. It is a responsible and diverse group of 350,000 team members in more than 50 countries. With its strong over 55-year heritage, Capgemini is trusted by its clients to unlock the value of technology to address the entire breadth of their business needs. It delivers end-to-end services and solutions leveraging strengths from strategy and design to engineering, all fueled by its market leading capabilities in AI, generative AI, cloud and data, combined with its deep industry expertise and partner ecosystem. The Group reported 2024 global revenues of €22.1 billion.
Get The Future You Want | www.capgemini.com

About Six Nations Rugby
Six Nations Rugby is the official organisation responsible for the annual international rugby competitions that include the Guinness Men’s Six Nations, Guinness Women’s Six Nations, Under-20 Six Nations, Under-18 Festivals, and the Autumn Nations Series.

Six Nations Rugby operates on behalf of and in partnership with its shareholders, that include its member unions and federations: England (RFU), France (FFR), Ireland (IRFU), Italy (FIR), Scotland (SRU) and Wales (WRU).

Primary responsibilities of Six Nations Rugby include the negotiation and management of centralised commercial rights on behalf of its shareholders, as well as the promotion and operation of its annual Championships and competitions.

Six Nations Rugby is proud to work with the following partners: Guinness, Capgemini, Breitling, IHG Hotels & Resorts, and BKT.

For further information about Six Nations Rugby please visit: www.sixnationsrugby.com

For all the latest news, information, statistics, and rights free multimedia, please visit: https://media.sixnationsrugby.com/

1 Data provided by Six Nations Rugby

09_30_Capgemini Six Nations Rugby sponsorship

LONDON--(BUSINESS WIRE)--New analysis from Omdia reveals that 2025 is set to be a breakout year for 5G Standalone (SA) network deployments and RedCap device adoption, unlocking substantial opportunities for IoT applications across industries.

"With 5G SA deployments picking up pace, the industry is finally realizing the true potential of 5G," explains Alexander Thompson, Senior Analyst for IoT at Omdia.

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5G Standalone Networks Gain Momentum

After delays in 2024, global 5G SA rollouts are accelerating, delivering on 5G's core promise of ultra-fast speeds, ultra-low latency, and massive connectivity. transformative applications, particularly in manufacturing and industrial automation sectors, and other IoT-driven sectors.

“With 5G SA deployments picking up pace, the industry is finally realizing the true potential of 5G,” explains Alexander Thompson, Senior Analyst for IoT at Omdia. “2025 marks the first-time hardware and network ecosystems are aligned on RedCap, showcased by the recent Apple Watch launch supporting this technology.”

RedCap Devices Hit Key Milestones

The 5G device ecosystem reached a significant milestone. October 2024 saw T-Mobile introduce North America's first commercial 5G RedCap device -the TCL LINKPORT IK511 dongle. While module costs are still high, prices are projected to decrease as adoption increases, particularly in China where government subsidies are anticipated to drive market growth.

Advanced Network Capabilities Gaining Traction

Network slicing has successfully transitioned beyond trial phases with commercial offerings such as T-Mobile's T-Priority and Verizon's FrontLine services. Private 5G networks continue addressing critical security concerns cited by 33% of organizations in Omdia's IoT Enterprise Survey 2025 as the top priority for their IoT initiatives.

Meanwhile, the broader 5G ecosystem is expanding through network API monetization, with several key API families now being deployed globally.

About the Report

Omdia's 5G in IoT report provides an in-depth look at the latest market trends covering network slicing, private 5G implementations, API monetization strategies, 5G Standalone versus Non-Standalone architectures, and ten use cases with supporting case studies.

ABOUT OMDIA

Omdia, part of Informa TechTarget, Inc. (Nasdaq: TTGT), is a technology research and advisory group. Our deep knowledge of tech markets grounded in real conversations with industry leaders and hundreds of thousands of data points, make our market intelligence our clients’ strategic advantage. From R&D to ROI, we identify the greatest opportunities and move the industry forward.

KEFI Gold and Copper PLC (AIM:KEFI, OTC:KFFLF) has confirmed that full development of its Tulu Kapi Gold Project in Ethiopia remains on schedule to begin in October 2025.

"Significant progress was made in the period and KEFI is on schedule to begin the full development program of Tulu Kapi ... We have approved and expect to sign shortly the formal commitment of the project loan facilities. And the construction contracts have been finalised for signing upon drawdown of equity which can now be finalised amongst the assembled local and regional investors," executive chair Harry Anagnostaras-Adams said in Tuesday's interim results statement.

“The Boards of both co-lending banks and of the Group companies have approved and are expected to sign the formal commitment of the project loan facilities within the coming week,” Adams added.

The Tulu Kapi project has a capital budget of US$340 million, and will be supported by a US$240 million project debt facility.

In terms of financials, the pre-revenue mine developer reported a £3.79 million loss for the six months, and said it ended June with just over £1 million of cash in the bank.

"AskGPS" Expected to Save Tens of Thousands of Employee Hours Annually While Enhancing Advisory Services

, /PRNewswire/ -- Bank of America is using generative AI to transform how its Global Payments Solutions ("GPS") team serves the company's more than 40,000 business clients worldwide. The newly launched Ask Global Payments Solutions ("AskGPS") was built in-house and trained on over 3,200 internal documents and presentations – including product guides, term sheets, and FAQs. Through AskGPS, employees can now pose simple to complex client questions and receive answers within seconds.   

"AskGPS turns institutional knowledge into real-time intelligence," said Mark Monaco, head of GPS at Bank of America. "It's more than a search tool—it's a strategic engine, helping our teams respond faster and deliver the kind of clarity and advice clients expect in today's environment."

Previously, a sophisticated inquiry could take an employee an hour to complete and involve making phone calls to product specialists across different regions and time zones. Now, using AskGPS, employees can achieve the same result almost instantly, creating the potential to save tens of thousands of hours annually.

The AI assistant directly benefits Bank of America clients through:

Faster turnaround on product and onboarding inquiries
More tailored solutions, grounded in thousands of vetted internal resources
Enhanced strategic guidance, as salespeople and bankers leverage AI to surface best practices and precedents across sectors and geographies
"AskGPS is a bold leap forward in how we harness GenAI across the enterprise," said Jarrett Bruhn, head of Data & AI for GPS at Bank of America. "By turning static content into dynamic intelligence, we're not just improving access—we're transforming how our teams learn, respond and lead with insight."

The larger AI story

AskGPS complements existing AI solutions provided by Bank of America's GPS team. They include:

CashPro® Chat with Erica® technology. The virtual assistant is used by 65% of business clients for real-time account and transaction support.
CashPro Forecasting that uses predictive analytics to forecast cash positions.
Intelligent Receivables that uses AI and advanced data capture technology to bring together payment information and associated remittance detail from various payment channels.
Bank of America continues to deploy AI across four key domains: intelligent agents, search and summarization, content generation, and operations and coding. These tools are designed to automate routine tasks and empower employees to focus on creativity, conversation, and complex client needs.

Bank of America

Bank of America is one of the world's leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving approximately 69 million consumer and small business clients with approximately 3,700 retail financial centers, approximately 15,000 ATMs (automated teller machines) and award-winning digital banking with approximately 59 million verified digital users. Bank of America is a global leader in wealth management, corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to approximately 4 million small business households through a suite of innovative, easy-to-use online products and services. The company serves clients through operations across the United States, its territories and more than 35 countries. Bank of America Corporation stock is listed on the New York Stock Exchange (NYSE: BAC).

For more Bank of America news, including dividend announcements and other important information, visit the Bank of America newsroom and register for news email alerts.

Reporters may contact

Louise Hennessy, Bank of America   
Phone: 1.646.858.6471
[email protected]

SOURCE Bank of America Corporation

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SAN JOSE, Calif. & LAUSANNE, Switzerland--(BUSINESS WIRE)--Logitech (SIX: LOGN) (NASDAQ: LOGI) today unveiled the MX Master 4, the newest member of the MX Master series, designed to empower creative professionals, developers and business users. With immersive haptic feedback, advanced software and stronger connectivity, the MX Master 4 sets a new standard in control, precision and productivity even for the most demanding workflows.

Tolya Polyanker, General Manager of the MX Business at Logitech, said, "In today’s fast-paced and demanding world, advanced users need tools that help them redefine their workflows to deliver more in less time. We designed MX Master 4 to bring next level immersion and speed to our users thanks to the tactile haptic feedback and instant access to their favorite tools with the Actions Ring software overlay."

Intuitive Interaction: Haptic Feedback

The MX Master 4 reimagines user control with customizable haptic feedback, delivering subtle vibrations for scrolling, navigation and selection. This tactile precision is ideal for tasks like video editing, design work and data analysis.

Actions Ring

Actions Ring, a digital overlay enabled by Logi Options+, offers app-specific shortcuts and customizable controls to place frequently used tools at your fingertips anywhere on your screen. With features such as assigning commands in Photoshop or automating functions in Excel, professionals can save up to 33% of their time and reduce repetitive mouse movements by 63%.

Designed for uninterrupted workflows, the MX Master 4 features a high-performance chip and optimized antenna, delivering twice the connectivity strength of previous models. The new USB-C dongle ensures quick and dependable pairing across laptops, desktops and tablets, keeping users connected without delays.

With enhanced stain-resistant materials and a durable design that is easy to maintain, MX Master 4 is built to handle the daily challenges of professional use while providing long-lasting performance.

Built for Business

The MX Master 4 for Business makes life easier for both employees and IT teams. It’s easy to deploy across the whole company, and when employees are logged into Logi Tune, IT can monitor the mice remotely through the Logitech Sync management platform, no desk visits needed. For employees using Logi Bolt, it delivers a reliable connection, even in crowded office environments, so they can stay focused and get more done without tech hiccups.

Designed for Sustainability

MX Master 4 is designed with thoughtful choices to reduce environmental impact, carefully selecting materials like a minimum of 48% certified post-consumer recycled plastic, a low-carbon aluminum thumbwheel and a battery featuring 100% recycled cobalt to minimize resource use and carbon emissions. There is paper packaging that is responsibly sourced from FSC™-certified materials, unpainted plastic parts and a design that is easy to disassemble to simplify recycling.

Tech specs:

MagSpeed Scroll Wheel: Scroll up to 1,000 lines per second so you can work faster.

8,000 DPI Sensor: Provides smooth, accurate tracking on virtually any surface, including glass.

Quiet clicks: Provides a satisfying tactile feel with 90% less noise (compared to the MX Master 3), perfect for environments like open spaces and shared offices.

USB-C Quick Charging: A 1-minute charge powers up to 3 hours of use, while a full charge lasts up to 70 days, ensuring you're ready to work without interruptions (charging cable not included).

Multi-Device Pairing: Connect and switch between up to three devices—laptops, desktops, or tablets—without interruptions. Compatible across operating systems, users can switch using the Actions Ring or Easy-Switch buttons and even transfer files between devices with Logi Options+.

Pricing and availability

MX Master 4, will be available in Graphite and Pale Grey globally, and Black and Graphite Charcoal in North America and Europe. MX Master 4 for Mac will be available in White Silver and Space Black. Priced at $119.99/€129.99 , each purchase includes a one-month complimentary membership to Adobe Creative Cloud with apps such as: Photoshop, Lightroom and Premiere Pro. For more details, please visit www.logitech.com or check with your local or online retailer. MX Master 4 for Business will be available in Graphite online and through authorized resellers at $119.99.

About Logitech

Logitech designs software-enabled hardware solutions that help businesses thrive and bring people together when working, creating, gaming and streaming. As the point of connection between people and the digital world, our mission is to extend human potential in work and play, in a way that is good for people and the planet. Founded in 1981, Logitech International is a Swiss public company listed on the SIX Swiss Exchange (LOGN) and on the Nasdaq Global Select Market (LOGI). Find Logitech and its other brands, including Logitech G, at www.logitech.com or company blog.

Logitech and other Logitech marks are trademarks or registered trademarks of Logitech Europe S.A. and/or its affiliates in the U.S. and other countries. All other trademarks are the property of their respective owners. For more information about Logitech and its products, visit the company’s website at www.logitech.com.

* Logitech Ergo Lab study (2025) with 37 MX Master mouse users tested across 8 desktop actions. Results may vary depending on assigned shortcuts.

VANCOUVER, BC – TheNewswire - SEPTEMBER 30, 2025 – AMERICAN SALARS LITHIUM INC. ("AMERICAN SALARS" OR THE "COMPANY") (CSE: USLI, OTC: USLIF, FWB: Z3P, WKN: A3E2NY) announces that pursuant the to a share purchase agreement (“144 Agreement”) dated for reference February 17, 2025, announced February 18, 2025, it has completed the acquisition of 100% of the issued and outstanding common shares of 1447377 BC Ltd. (“1447377”), a private BC company that owns a 100% interest in the Hardrock LCT Pegmatite Property (the “Property”). The Property consists of 10 mineral claims covering 18,083 hectares, located in the Jaguaribe/Solonópole region in the State of Ceará, in Northern Brazil.

In accordance with the 144 Agreement, American Salars issued 3,500,000 units (the “Units”) in the capital of the Company, at a deemed price of $0.07 per unit, in exchange for all the issued and outstanding common shares of 1447377 (the “Transaction”). Each Unit will consist of one common share in the capital of the Company and one transferrable common share purchase warrant entitling the holder to purchase one additional Company Share for $0.20 for a period of three years from the date of issuance.

All securities issued pursuant to the Transaction, are subject to a statutory hold period of four months and one day following the date of issuance as required under applicable securities legislation.

MI 61-101 Disclosure – Acquisition

Mr. Nick Horsley, CEO of the Company, is a director of 1447377 BC Ltd. and an indirect shareholder of 1447377 BC Ltd. and, as such, the acquisition is a related-party transaction within the meaning of Multilateral Instrument 61-101 -- Protection of Minority Security Holders in Special Transactions. The acquisition is exempt from the valuation requirement of MI 61-101 by virtue of the exemption contained in Section 5.5(b) of MI 61-101 as the Company's common shares are not listed on a specified market and from the minority shareholder approval requirements of MI 61-101 by virtue of the exemption contained in Section 5.7(a) of MI 61-101 in that the fair market value of the consideration to be issued pursuant to the acquisition will not exceed 25 per cent of the company's market capitalization. The Company’s two independent board members had due diligence conducted by Mitchell Lavery who reviewed the available geological information to determine if the Company should acquire the property.

ABOUT AMERICAN SALARS

American Salars Lithium is an exploration company focused on exploring and developing high-value battery metals projects to meet the demands of the advancing electric vehicle market.

All Stakeholders are encouraged to follow the Company on its social media profiles on LinkedIn, Twitter, TikTok, Facebook and Instagram.

On Behalf of the Board of Directors,

“R. Nick Horsley”

R. Nick Horsley, CEO

For further information, please contact:

American Salars Lithium Inc.

Phone: 604.740.7492

E-Mail: [email protected]

Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.

Disclaimer for Forward-Looking Information

Certain statements in this release are forward-looking statements, which reflect the expectations of management regarding American Salar’s intention to continue to identify potential transactions and make certain corporate changes and applications. Forward looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations, or intentions regarding the future. Such statements are subject to risks and uncertainties that may cause actual results, performance, or developments to differ materially from those contained in the statements. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits American Salars will obtain from them. These forward-looking statements reflect managements’ current views and are based on certain expectations, estimates and assumptions which may prove to be incorrect. A number of risks and uncertainties could cause actual results to differ materially from those expressed or implied by the forward-looking statements, including American Salars results of exploration or review of properties that American Salars does acquire. These forward-looking statements are made as of the date of this news release and American Salars assumes no obligation to update these forward-looking statements, or to update the reasons why actual results differed from those projected in the forward-looking statements, except in accordance with applicable securities laws.

A large gantry crane stands at the shipyard of Thyssenkrupp Marine Systems (TKMS), Thyssenkrupp's warship division that will be spun-off and listed separately later this year, on the day of the brand launch in Kiel, Germany, June 4, 2025. REUTERS/Fabian Bimmer Purchase Licensing Rights, opens new tab

CompaniesFRANKFURT/DUESSELDORF, Sept 30 (Reuters) - TKMS, the defence division to be spun off by German conglomerate Thyssenkrupp

(TKAG.DE), opens new tab, plans a payout ratio of 30 to 50% of net profit and wants to distribute its first dividend to shareholders in 2027, according to slides published on Tuesday.

TKMS, which makes submarines, frigates as well as sensor and mine-hunting technology, has more than tripled its order backlog over the past five years, now boasting 18.6 billion euros ($21.83 billion) as governments around a world are beefing up their warship fleets.

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TKMS has helped its parent Thyssenkrupp triple shares year-to-date, as investors have flocked to defence stocks in the wake of Russia's ongoing war in Ukraine and dwindling certainty over U.S. military support going forward.

Thyssenkrupp shares have tripled since the beginning of the year, reflecting a surge in defence stocks in anticipation of higher demand across Europe.As a result, TKMS expects its addressable market to double to 61 billion euros by 2033, up from 31 billion in 2024, it said in the slides that were published as part of a capital markets day for investors ahead of the spin-off planned this autumn.

In the medium term, TKMS plans to raise its operating profit margin to more than 7%, compared with 4.3% in the 2023/24 fiscal year, and targets average annual sales growth of 10%, the slides showed.

The unit's capital expenditure is expected to rise to more than 400 million euros over the next three years, up from around 360 million over the past three years.

Shares in Thyssenkrupp were 2% lower at 0706 GMT following the news.

($1 = 0.8522 euros)

Reporting by Christoph Steitz, Editing by Miranda Murray

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VANCOUVER, BC – TheNewswire - September 30, 2025 — Giant Mining Corp. (CSE: BFG | OTC: BFGFF | FWB: YW5 | CSE: BFG.WT.A | CSE: BFG.WT.B) (“Giant Mining” or the “Company”) today announced that it has entered into an equity distribution agreement dated September 29, 2025 (the “Distribution Agreement”) with Haywood Securities Inc. (“Haywood” or the “Agent”). Under the Distribution Agreement, the Company will be entitled, at its discretion and from time-to-time during the term of the Distribution Agreement, to sell, through Haywood, as sole and exclusive placement agent, such number of common shares of the Company (the “Common Shares”) having an aggregate gross sales price of up to $5 million (the “ATM Offering”).  Sales of the Common Shares will be made through “at-the-market distributions”, as defined in National Instrument 44-102 – Shelf Distributions, directly on the Canadian Securities Exchange (the “CSE”) or, if any, other recognized Canadian “marketplace” within the meaning of National Instrument 21-101 – Marketplace Operations where the Common Shares are listed, quoted or otherwise traded.  The volume and timing of distributions under the ATM Offering, if any, will be determined in the Company’s sole discretion.  The Common Shares will be distributed at market prices or prices related to prevailing market prices from time to time.  As a result, prices of the Common Shares sold under the ATM Offering will vary as between purchasers and during the period of distribution.  The ATM Offering will be effective until the earlier of the issuance and sale of all of the Common Shares issuable pursuant to the ATM Offering and June 29, 2027, unless terminated prior to such date by the Company or the Agent in accordance with the terms of the Distribution Agreement.

Distributions of the Common Shares under the ATM Offering will be made and qualified by way of a prospectus supplement dated September 29, 2025 (the “Prospectus Supplement”) to the Company’s existing short form base shelf prospectus (the “Base Shelf Prospectus”) dated May 29, 2025. The Prospectus Supplement has been filed with the securities commissions in all provinces and territories of Canada. The Prospectus Supplement (together with the related Base Shelf Prospectus) is available on the SEDAR+ website maintained by the Canadian Securities Administrators at www.sedarplus.ca.  Alternatively, the Company or Haywood will send the Prospectus Supplement (including the Base Shelf Prospectus) upon request.  Such requests may be made by sending an email to Haywood at [email protected].

The Company intends to use the net proceeds of the ATM Offering to towards the continuation of the drill program on the Marjuba Hill Project and general working capital.

The securities being referred to in this news release have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the U.S. or to, or for the account or benefit of, U.S. persons absent registration or an applicable exemption from the registration requirements. This news release does not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

Neither the Canadian Securities Exchange nor its Market Regulator (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release.

On Behalf of the Board of Giant Mining Corp.

“David Greenway”

David C. Greenway

President & CEO

For further information, please contact:

E: [email protected]

P: 1 (236) 788-0643

VISIT OUR WEBSITE FOR MORE DETAILS

www.giantminingcorp.com

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Forward-Looking Statements

This news release contains forward-looking information, such as statements related to the closing of the ATM Offering, receipt and approval for the ATM Offering, including the approval of the CSE, the use of proceeds, which involves known and unknown risks, uncertainties and other factors that may cause actual events to differ materially from current expectation. Important factors – including the Company’s strategy, projects or plans could cause actual results to differ materially from the Company's expectations as disclosed in the Company's documents filed from time to time on SEDAR+ (see www.sedarplus.ca). Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company disclaims any intention or obligation, except to the extent required by law, to update or revise any forward looking statements, whether as a result of new information, future events or otherwise.

Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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

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

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

In the quiet corridors of its design labs, far from the glare of public scrutiny, the American aviation giant Boeing has reportedly begun the monumental task of charting its future—a future that looks beyond its most infamous and troubled creation, the 737 Max.

ENDEAVOUR ANNOUNCES TRANSACTION IN OWN SHARES

London, 30 September 2025 – Endeavour Mining plc (LSE:EDV, TSX:EDV) (“the Company”) announces it has purchased the following number of its ordinary shares of USD 0.01 each from Stifel Nicolaus Europe Limited.

Aggregated information

Dates of purchase:29 September 2025Aggregate number of ordinary shares of USD 0.01 each purchased:22,500Lowest price paid per share (GBp):                3,065.66Highest price paid per share (GBp):        3,138.00Volume weighted average price paid per share (GBp):        3,090.25 Following the cancellation of the repurchased shares, the Company will have no ordinary shares in treasury and 241,377,712 ordinary shares in issue. Therefore the total voting rights in the Company will be 241,377,712. This figure for the total number of voting rights may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company under the FCA’s Disclosure Guidance and Transparency Rules.

These share purchases form part of the Company’s buy-back programme announced on 20 March 2025.

Transaction details

In accordance with Article 5(1)(b) of Regulation (EU) No 596/2014 (the Market Abuse Regulation), the table below contains detailed information of the individual trades made by Stifel Nicolaus Europe Limited as part of the buyback programme.

Schedule of purchases

Shares purchased: Endeavour Mining plc (ISIN: GB00BL6K5J42)

Dates of purchases: 29 September 2025

Investment firm: Stifel Nicolaus Europe Limited

Individual transactions

Transaction date and timeVolumePrice (GBp)Trading Venue29 Sep 2025, 06:42 AM10,0003,065.66TSX*29 Sep 2025, 08:45 AM743,114.00LSE29 Sep 2025, 08:45 AM1173,114.00LSE29 Sep 2025, 08:45 AM213,114.00LSE29 Sep 2025, 08:45 AM6453,114.00LSE29 Sep 2025, 08:45 AM1433,114.00LSE29 Sep 2025, 08:45 AM9003,114.00LSE29 Sep 2025, 08:45 AM1003,114.00LSE29 Sep 2025, 09:28 AM1,0003,110.00LSE29 Sep 2025, 10:37 AM1,0003,128.00LSE29 Sep 2025, 01:01 PM2033,138.00LSE29 Sep 2025, 01:01 PM773,138.00LSE29 Sep 2025, 01:01 PM2023,138.00LSE29 Sep 2025, 01:01 PM5183,138.00LSE29 Sep 2025, 01:01 PM2023,138.00LSE29 Sep 2025, 01:01 PM4993,138.00LSE29 Sep 2025, 01:01 PM2993,138.00LSE29 Sep 2025, 02:10 PM1,0003,120.00LSE29 Sep 2025, 03:25 PM1913,088.00LSE29 Sep 2025, 03:31 PM233,088.00LSE29 Sep 2025, 03:31 PM153,088.00LSE29 Sep 2025, 03:31 PM163,088.00LSE29 Sep 2025, 03:31 PM1003,088.00LSE29 Sep 2025, 03:31 PM1003,088.00LSE29 Sep 2025, 03:31 PM5553,088.00LSE29 Sep 2025, 04:00 PM1903,092.00LSE29 Sep 2025, 04:00 PM2383,092.00LSE29 Sep 2025, 04:00 PM5723,092.00LSE29 Sep 2025, 04:00 PM1,0003,092.00LSE29 Sep 2025, 04:01 PM2383,096.00LSE29 Sep 2025, 04:01 PM1273,096.00LSE29 Sep 2025, 04:01 PM603,096.00LSE29 Sep 2025, 04:01 PM4003,096.00LSE29 Sep 2025, 04:01 PM1753,096.00LSE29 Sep 2025, 04:02 PM1063,096.00LSE29 Sep 2025, 04:02 PM263,096.00LSE29 Sep 2025, 04:02 PM613,096.00LSE29 Sep 2025, 04:02 PM2383,096.00LSE29 Sep 2025, 04:02 PM2513,096.00LSE29 Sep 2025, 04:02 PM313,096.00LSE29 Sep 2025, 04:02 PM1753,096.00LSE29 Sep 2025, 04:02 PM1043,096.00LSE29 Sep 2025, 04:02 PM1003,096.00LSE29 Sep 2025, 04:02 PM1003,096.00LSE29 Sep 2025, 04:02 PM1003,096.00LSE29 Sep 2025, 04:02 PM1003,096.00LSE29 Sep 2025, 04:02 PM1083,096.00LSE *GBP/CAD: 1.8683

CONTACT INFORMATION

For Investor Relations Enquiries:For Media Enquiries:Jack GarmanBrunswick Group LLP in LondonVice President of Investor RelationsCarole Cable, Partner+44 203 011 2723+ 44 207 404 [email protected]@brunswickgroup.com ABOUT ENDEAVOUR MINING PLC

Endeavour Mining is one of the world’s senior gold producers and the largest in West Africa, with operating assets across Senegal, Cote d’Ivoire and Burkina Faso and a strong portfolio of advanced development projects and exploration assets in the highly prospective Birimian Greenstone Belt across West Africa.

A member of the World Gold Council, Endeavour is committed to the principles of responsible mining and delivering sustainable value to its employees, stakeholders and the communities where it operates. Endeavour is admitted to listing and to trading on the London Stock Exchange and the Toronto Stock Exchange, under the symbol EDV.

For more information, please visit www.endeavourmining.com.

CAUTIONARY NOTE REGARDING FORWARD-LOOKING INFORMATION

This news release contains "forward-looking statements" within the meaning of applicable securities laws.  All statements, other than statements of historical fact, are "forward-looking statements". Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as "expects", "expected", "budgeted", "forecasts", and "anticipates".

Forward-looking statements, while based on management's best estimates and assumptions, are subject to risks and uncertainties that may cause actual results to be materially different from those expressed or implied by such forward-looking statements, including but not limited to: risks related to the successful integration of acquisitions; risks related to international operations; risks related to general economic conditions and credit availability, actual results of current exploration activities, unanticipated reclamation expenses; changes in project parameters as plans continue to be refined; fluctuations in prices of metals including gold; fluctuations in foreign currency exchange rates, increases in market prices of mining consumables, possible variations in ore reserves, grade or recovery rates; failure of plant, equipment or processes to operate as anticipated; accidents, labour disputes, title disputes, claims and limitations on insurance coverage and other risks of the mining industry; delays in the completion of development or construction activities, changes in national and local government regulation of mining operations, tax rules and regulations, and political and economic developments in countries in which Endeavour operates. Although Endeavour has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. Please refer to Endeavour's most recent Annual Information Form filed under its profile at www.sedarplus.ca for further information respecting the risks affecting Endeavour and its business.

Transaction in own shares

A UBS logo is pictured on the branch of the Swiss bank in Lucerne, Switzerland, June 14, 2024. REUTERS/Denis Balibouse Purchase Licensing Rights, opens new tab

CompaniesZURICH, Sept 30 (Reuters) - UBS

(UBSG.S), opens new tab on Tuesday said government proposals for Switzerland's biggest bank to hold more capital would weaken the bank, the Swiss financial sector and the country's economy.

The bank said it supported the Swiss government's aims of learning lessons from the Credit Suisse crisis and strengthening the Swiss regulatory framework.

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"However, the currently proposed capital measures do not meet these criteria," UBS said in its strongly worded response to a government consultation on the measures.

As a result of the Credit Suisse takeover initiated by the authorities and the proposed adjustments, UBS would have to hold around $42 billion of additional capital, the bank said.

Instead, the measures would put "put UBS at a significant disadvantage in an international comparison, weaken the Swiss economy and the financial center, and take insufficient account of the lessons learned from the Credit Suisse crisis," the bank said.

UBS said it objected to the "extreme capital measures", which it said were neither "proportionate nor internationally aligned."

The government will examine the comments from the bank, industry bodies and political parties before deciding on how to proceed.

Under a plan to make the bank less risky, the government in June said UBS should no longer be able to count software and deferred tax assets as part of its required core capital.

Reporting by John Revill, editing by Kirsti Knolle and Miranda Murray

Our Standards: The Thomson Reuters Trust Principles., opens new tab

Cosmetics-maker Coty is conducting a strategic review of CoverGirl and its other mass-market beauty brands, and will consider options including selling or spinning them off, the Wall Street Journal reported on Tuesday, citing a company announcement reviewed by the newspaper.

September 30, 2025 02:00 ET

 | Source:

Orion Oyj

ORION CORPORATION
STOCK EXCHANGE RELEASE / MAJOR SHAREHOLDER ANNOUNCEMENTS
30 September 2025 at 9.00 EEST
        

Orion Corporation: Disclosure Under Chapter 9 Section 10 of the Securities Market Act (BlackRock, Inc.)

Orion Corporation has received a disclosure under Chapter 9, Section 5 of the Securities Market Act, according to which the total number of Orion shares owned directly, indirectly and through financial instruments by BlackRock, Inc. and its funds decreased on 26 September 2025 below (5) per cent of Orion Corporation’s total shares.

Total positions of BlackRock, Inc. and its funds subject to notification:

 % of shares and voting rights
(total of point A)% of shares and voting rights through financial instruments
(total of point B)Total of both in % (points A + B)Total number of shares and voting rights of issuerResulting situation on the date on which threshold was crossed or reachedBelow 5% sharesBelow 5% voting rights

Below 5% sharesBelow 5% voting rights

Below 5% sharesBelow 5% voting rights

141,134,278 shares747,062,917 voting rights

Position of previous notification (if applicable)     Notified details of the resulting situation on the date on which the threshold was crossed:

Point A: Shares and voting rights:

Class/type of shares
ISIN codeNumber of shares and voting rights% of shares and voting rights Direct (SMA 9:5)Indirect (SMA 9:6 and 9:7)Direct (SMA 9:5)Indirect (SMA 9:6 and 9:7)FI0009014377 Below 5% sharesBelow 5% voting rights

 Below 5% sharesBelow 5% voting rights

POINT A SUBTOTALBelow 5% sharesBelow 5% voting rights

Below 5% sharesBelow 5% voting rights

Point B: Financial instruments according to SMA 9:6a:

Type of financial instrumentExpiration dateExercise / Conversion PeriodPhysical or cash settlementNumber of shares and voting rights% of shares and voting rightsAmerican Depositary Receipt (US68628Y1047)N/AN/APhysicalBelow 5% sharesBelow 5% voting rights

Below 5% sharesBelow 5% voting rights

         POINT B SUBTOTALBelow 5% sharesBelow 5% voting rights

Below 5% sharesBelow 5% voting rights

Orion Corporation

Liisa HurmePresident and CEO

    Mikko KemppainenGeneral Counsel

                                                   
Contact person:
Tuukka Hirvonen, Head of Investor Relations, Orion Corporation
tel. +358 10 426 2721 

Publisher:
Orion Corporation
Communications
Orionintie 1A, FI-02200 Espoo, Finland
www.orionpharma.com

Orion is a globally operating Nordic pharmaceutical company – a builder of well-being for over a hundred years. We develop, manufacture and market human and veterinary pharmaceuticals and active pharmaceutical ingredients. Orion has an extensive portfolio of proprietary and generic medicines and consumer health products. The core therapy areas of our pharmaceutical R&D are oncology and pain. Proprietary products developed by Orion are used to treat cancer, neurological diseases and respiratory diseases, among others. In 2024 Orion's net sales amounted to EUR 1,542 million and the company employed about 3,700 professionals worldwide, dedicated to building well-being. Orion's A and B shares are listed on Nasdaq Helsinki.

HYPROMAG USA PURCHASES INSERMA PRE- PROCESSING UNITS FOR TEXAS, NEVADA AND SOUTH CAROLINA RARE EARTH MAGNET RECYCLING HUBS IN THE UNITED STATES CALGARY, AB / ACCESS Newswire / September 30, 2025 / Mkango Resources Ltd (AIM:MKA)(TSX-V:MKA) (the "Company" or "Mkango") is pleased to announce that HyProMag USA, LLC ("HyProMag USA") has purchased three skid-mounted Inserma Anoia S.L ("Inserma") magnet and Printed Circuit Board ("PCB") separation units. The Inserma and PCB units can be co-located at hyperscale data centers, shredding, recycling or HyProMag facilities.

Fingerprint Cards AB (publ) (“FPC” or the “Company”) has, as previously announced, carried out a reverse share split, whereby two thousand (2,000) existing shares have been consolidated into one (1) new share (reverse split 1:2,000). The reverse share split has resulted in changes in the number of shares and votes in FPC as follows.

Prior to the reverse share split, the total number of shares in the Company amounted to 15,175,375,766 (of which 7,875,000 A-shares and 15,167,500,766 B-shares). The total number of votes in the Company amounted to 15,246,250,766 (of which 78,750,000 pertained to the A-shares and 15,167,500,766 pertained to the B-shares).

Following the reverse share split, and as of September 30, 2025, the total number of shares in the Company amounts to 7,587,687 (of which 3,937 A-shares and 7,583,750 B-shares). The total number of votes in the Company amounts to 7,623,120 (of which 39,370 pertain to the A-shares and 7,583,750 pertain to the B-shares).

Following the completion of the reverse share split, the Company holds 1,900 treasury B-shares.

For further information, please contact:

Investor Relations: +46(0)10-172 00 10, [email protected]

Press: +46(0)10-172 00 10, [email protected]

This information is information that Fingerprint Cards AB (publ) is obliged to make public pursuant to the Financial Instruments Trading Act. The information was submitted for publication at 08:00 am CEST on September 30, 2025.

About FPC
Fingerprint Cards AB (FPC) is a global biometrics leader, offering intelligent edge to cloud biometrics. We envision a secure, seamless world where you are the key to everything. Our solutions – trusted by enterprises, fintechs, and OEMs – power hundreds of millions of products, enabling billions of secure, convenient authentications daily across devices, cards, and digital platforms. From consumer electronics to cybersecurity and enterprise, our cloud-based identity management platforms support multiple biometric modalities, including fingerprints, iris, facial, and more. With improved security and user experience, we are driving the world to passwordless. Discover more at our website and follow us on LinkedIn and X for the latest updates. FPC is listed on Nasdaq Stockholm (FING B).

250930 - New number of shares

Clean Food Group acquires the assets of Algal Omega 3 DOUGLAS, ISLE OF MAN / ACCESS Newswire / September 30, 2025 / Agronomics (LSE:ANIC), a leading company in the field of clean food, reports that its portfolio company, Clean Food Group Limited ("CFG"), a pioneering UK food tech business in the manufacture of sustainable oils and fats through fermentation, has announced that it has acquired the assets of Algal Omega 3 Ltd ("AO3"). The acquisition provides CFG with immediate access to one million litres of fermentation capacity, positioning the Group as one of the world's largest manufacturers of yeast fermentation-derived sustainable oils and fats.

SummaryCompaniesEutelsat shareholders set to approve capital increase planFrance to become biggest investor, UK retains stakeCapital injection provides temporary lifelineEutelsat eyes German investmentGDANSK/PARIS, Sept 30 (Reuters) - Satellite operator Eutelsat

(ETL.PA), opens new tab must secure investment from more European countries to bolster its efforts to challenge billionaire Elon Musk's Starlink, EU lawmakers and analysts say following a commitment by France.

The debt-laden Franco-British company has gained unprecedented attention this year from European governments as the policies of President Donald Trump have raised concern about their reliance on U.S. satellite companies.

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A 1.5-billion-euro ($1.8 billion) investment in Eutelsat led by France is set to be approved by shareholders on Tuesday, after which the company hopes other countries will follow suit.

President Emmanuel Macron has urged other countries and companies to invest, framing the decision as a matter of European sovereignty.

EUROPE'S AMBITION IN SPACEChristophe Grudler, a French member of the European Parliament who has urged the European Commission to find alternatives to Starlink for Ukraine as the war with Russia drags on, said Eutelsat is one of Europe's best responses to Starlink but it requires political commitment.

"France’s decision to strengthen its stake is a strong political act. But it cannot stop there. Germany, and other member states, should also step in. One country alone cannot carry this continental ambition in space," he told Reuters.

In the latest fundraising, France will commit 750 million euros for a 29.65% stake, while Britain will contribute 163 million euros to retain a 10.89% share in a two-stage investment plan.

Other investors are Indian billionaire Sunil Mittal's Bharti Space, shipping group CMA CGM (CMACG.UL), and Fonds Strategique de Participations, a French insurer-backed investment fund.

The French government is leading a 1.5-billion-euro capital increase alongside Britain and other anchor shareholders backing a European alternative to Space X's Starlink.UKRAINE TALK REVIVES EUTELSAT STOCKEutelsat - which has introduced a new CEO, chairman and a revamped brand identity - confirmed to Reuters its aim to involve more European countries, though discussions remained in early stages.

Initial talks between France and Germany took place at the Franco-German council of ministers on August 29, the company said in an emailed statement.

The German and French governments did not respond to Reuters requests for comment.

Shareholders involved in the current capital increase declined to comment.

Eutelsat's stock has rebounded from all-time lows on talks with the European Union to potentially replace Starlink in Ukraine.

Operational planning and coordination with member states and relevant stakeholders on Ukraine continue, Commission spokesperson Thomas Regnier told Reuters in an emailed response to queries.

Germany already pays for Ukraine's access to Eutelsat and Eutelsat has delivered thousands of user terminals to Kyiv.

Shares in the French satellite operator reached all-time lows years after completing its costly OneWeb merger but have recovered 47% in 2025.FRANCE GIVES VITAL LIFELINE TO EUTELSATEutelsat told Reuters that it was not directly affected by the collapse on September 8 of the French government. However, the company - which is dependent on France pledging immediate financial relief - underlined the need for stability and continuity.

Asked about the risk of political turmoil possibly delaying France's 2026 budget, Eutelsat said it would only affect the next fiscal year.

"In terms of timing, it's unlikely to be impacted by a deadlock at this stage."

The funding is expected to reduce Eutelsat's 2.6-billion-euro debt and help deploy 340 low Earth orbit (LEO) satellites for its OneWeb constellation costing over 2 billion euros.

Eutelsat acquired OneWeb in 2023 to capitalise on growing demand for satellite internet.

But the gap with Starlink is stark. OneWeb has over 650 satellites compared with Starlink's nearly 8,000. Eutelsat has downplayed Starlink's lead, maintaining it stays competitive with government and corporate customers.

Excluding the three major Chinese constellations, Starlink controls 85–90% of the communication satellites in orbitBernstein analyst Aleksander Peterc said French and UK backing has already made a significant difference but funding into the next decade will be contingent on Eutelsat's improved profitability and cash generation.

"The addition of Germany as a core shareholder would further solidify Eutelsat’s position as the prime sovereign European LEO connectivity provider," he said.

Stifel analyst Antoine Lebourgeois was more cautious, saying the capital increase was a short-term lifeline and not a long-term cure.

"Support from European governments is a crucial first step and a strong signal, but it may not be sufficient on its own to secure OneWeb's long-term viability," he said.

"Given the intense competition and economies of scale of players like Starlink, OneWeb will likely need a more substantial and sustained commitment from the public sector to truly thrive as a European alternative."

($1 = 0.8557 euros)

Reporting by Gianluca Lo Nostro in Gdansk, Florence Loève in Paris, Additional reporting by Gus Trompiz in Paris; Editing by Matt Scuffham and Emelia Sithole-Matarise

Our Standards: The Thomson Reuters Trust Principles., opens new tab

Gianluca is a markets reporter based in Gdansk, where he covers equities and companies in France and the Benelux countries, with a keen focus on media, telecoms and fintech. Previously, he worked as a journalist in Italy, covering various beats ranging from international business and finance.

ReposiTrak, Inc. (NYSE:TRAK) Q4 2025 Earnings Call September 29, 2025 4:15 PM EDT

Company Participants

John Merrill - Chief Financial Officer
Randall Fields - Co-Founder, Chairman, President, CEO, COO & Head of Sales

Conference Call Participants

Jeff Stanlis - FNK IR LLC
Thomas Forte - Maxim Group LLC, Research Division

Presentation

Operator

Greetings, and welcome. [Operator Instructions] As a reminder, this conference is being recorded. It is now my pleasure to introduce you to our host, Jeff Stanlis with FNK IR. Mr. [ Fink ], you may begin.

Jeff Stanlis
FNK IR LLC

Thank you, operator, and good afternoon, everyone. Thank you for joining us today for ReposiTrak's Fiscal Fourth Quarter and Full Year Earnings Call. Hosting the call today are Randy Fields, ReposiTrak's, Chairman and CEO; and John Merrill, ReposiTrak's CFO.

Before we begin, I would like to remind everyone that this call could contain forward-looking statements about ReposiTrak within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements that are not subject to historical facts. Such forward-looking statements are based on current beliefs and expectations. ReposiTrak's remarks are subject to risks and uncertainties, and actual results may differ materially. Such risks are fully discussed in the company's filings with the Securities and Exchange Commission. Information set forth herein should be considered in light of such risks. ReposiTrak does not assume any obligation to update information contained in this conference call.

Shortly after the market closed today, the company issued a press release overviewing the financial results that we will discuss on today's call. Investors can visit the Investor Relations section of the company's website at repositrak.com to access this press release.

With all that said, I would now like to turn the call over to John Merrill. John, the call is yours.

Recommended For You

SummaryIonQ is relying on a lot of M&A to generate revenue growth. But that's okay because the acquisition seems reasonably priced and the new CFO seems adept at M&A.Despite 30% higher costs expected, IonQ's balance sheet is in a very healthy position, as it has ample liquidity that gives it funding runway for more than 5 years.Some bearish arguments by outspoken bears that express skepticism about the future of quantum computing as a whole seem unconvincing, given strong institutional backing by mega tech companies.IonQ is cheaper than other quantum niche stocks. The relative technicals on IONQ, versus SPX500 are also clearly bullish.IONQ is highly sensitive to interest rates, but the current dovish macro environment is favorable. Overall, I have bought a small, risk-aware position with FOMO-driven upside expectations. patpitchaya/iStock via Getty Images

Performance assessment Argh! It pains me to see the performance review below. My 'Underperform'/'Sell' view on IonQ (NYSE:IONQ) has clearly been very, very offside. I think this has been one of my worst calls to date:

Thesis There are some

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

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

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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.

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

Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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

Visits and season pass sales have been down at Vail Resorts, the company said.

Andy Cross/The Denver Post via Getty Images

2025-09-30T04:14:53Z

Vail Resorts reported a decline in skier visits in its 2025 fiscal year.
The company said pass sales for the coming season were also down year-over-year.
CEO Rob Katz cited an outdated marketing strategy and shifting consumer behaviors as issues.

Vail Resorts may be the largest ski company in the world, but its CEO said it needs a turnaround.

The Colorado-based company reported results for Q4 and the 2025 fiscal year on Monday, during which it said total skier visits were down 3% compared to the previous year.

Season pass sales for the coming 2025-2026 ski season were also down. The company said the number of passes sold as of September 19 for the coming season was down 3% year-over-year. Sales dollars from passes were still up 1% due to a 7% price hike.

"The results from this past season were below expectations, and our season-to-date pass sales growth has been limited," said CEO Rob Katz on the earnings call, adding, "We recognize that we are not yet delivering on the full growth potential that we expect from this business."

Vail Resorts owns or operates more than 40 ski resorts around the world, including its namesake property in Colorado. Vail's Epic Pass, which comes with access to its network of resorts, started at $1,051 for the coming ski season.

"Our approach to engaging with guests has not kept pace with shifting consumer behaviors, and as a result, we have not been able to fully capitalize on our competitive advantages or adapted our execution appropriately to respond to shifting dynamics," Katz said.

Katz, who became CEO in May, outlined several areas where he thinks Vail Resorts could improve and attract more guests, including its media strategy. He said the company has historically relied on email marketing, but it has been less effective in recent years as consumer behavior has changed.

The CEO said Vail Resorts is going to modernize its marketing strategy with a greater focus on digital and social platforms, including partnering with influencers. Katz mentioned TikTok as an opportunity that the company has not previously been heavily engaged with.

He also said the company would focus more on guests' emotional connection to its properties instead of "transactional call-to-action messaging."

"We're elevating the individual brands of our resorts by tapping into the emotional connection guests have with each destination," Katz said. "This is an important differentiator in a competitive landscape."

Katz said the decline in pass sales was driven by fewer new pass holders and fewer renewals among guests who had only had a pass for one year. In contrast, he said renewals were up among longtime pass holders.

He said the company was also working on improving its lift ticket offerings, including through a program that provides pass holders with discounted day passes for their guests.

"This not only celebrates the social side of skiing and riding, but it also drives lift ticket sales for new guests that would be attracted to visiting our resorts with their friends and family," Katz said. "Importantly, the full value of the ticket can be applied towards a future pass purchase, making it a powerful tool for future pass conversion."

Vail Resorts is also adopting a more dynamic pricing strategy to optimize its lift ticket prices based on the individual resort and timing, Katz said.

Katz said some of the changes the company is implementing are long-term strategies and that he's confident Vail Resorts can return to higher growth in the 2027 fiscal year and beyond.

Shares in Vail Resorts were trading down after hours. As of market close on Monday, its stock was down 60% from its 2021 peak.

Have a tip? Contact this reporter via email at [email protected] or Signal at @kelseyv.21. Use a personal email address, a nonwork WiFi network, and a nonwork device; here's our guide to sharing information securely.

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