Market Signal Briefing

Binance founder Changpeng Zhao (CZ) addressed several topics during his appearance at the Binance Blockchain Week in Dubai on December 4. He cleared up rumors while also doubling down on his long-standing support for Bitcoin.

CZ said he has “nothing to do with the Trump family,” dismissing online claims linking him to political collaborations. He also added that he has no plan to return to Binance’s daily operations, saying the company and the BNB Chain ecosystem are moving forward strongly without his involvement.

“Holding Bitcoin Beats 99% of Startups,” Says CZDuring the discussion, CZ repeated his belief that simply holding Bitcoin is one of the strongest long-term strategies in the market today. He said Bitcoin continues to outperform most early-stage companies, especially during uncertain economic conditions.

His comments came during a panel that also included well-known gold critic Peter Schiff, who argued that Bitcoin is mainly driven by speculation and does not produce income the way businesses or real estate do. Schiff claimed that Bitcoin’s value depends only on people paying a higher price in the future.

CZ pushed back on this view, pointing to Bitcoin’s fixed supply, global demand and ease of transfer. According to audience reactions shared online, CZ’s responses drew loud support from the crowd, especially when comparing Bitcoin’s performance to gold.

No Return to Binance LeadershipCZ clarified that he does not see the need to step back into Binance’s daily management. He said the company’s leadership team is strong and that the ecosystem is developing quickly, from the BNB Chain to new infrastructure projects.

He also mentioned that he plans to spend more time helping early-stage blockchain and crypto builders innovate, rather than running an exchange.

Viral Moment From DubaiA clip from Binance Blockchain Week Dubai has been spreading widely across social media. In the video, CZ offers Schiff a gold bar and asks him whether it is authentic. Schiff replies, “I don’t know,” which CZ uses to highlight one of Bitcoin’s biggest strengths: every coin can be verified instantly on the blockchain without guesswork.

CZ then challenges Schiff’s arguments about gold and Bitcoin, stressing that Bitcoin’s scarcity and global accessibility make it a stronger asset. Schiff had little to say in response, and the moment quickly went viral on X, with many calling it a major win for Bitcoin supporters.

Trust with CoinPedia:CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.

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Thu, 4/12/2025 - 14:58

Dogecoin millionaires absorbed 480,000,000 DOGE in 48 hours, taking advantage of a fearful market while the meme coin price met resistance near $0.1534, leaving the next move to bulls.

Cover image via www.freepik.com

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

For many reasons, the current environment of the crypto market remains uncertain, full of fear and doubt. It is no surprise, given how quickly and suddenly cryptocurrency prices fluctuate nowadays. 

However, even amid such a conjecture, some straightforward investment decisions are being made. Thus, for the Dogecoin millionaires — wallets holding from one million to 100 million DOGE — the recent market structure is reasonable enough to accumulate, not sell.

As reported by analyst Martinez, citing on-chain data from Santiment, over the last 48 hours, this particular group of meme coin holders absorbed as much as 480,000,000 DOGE, equivalent to about $71.8 million. 

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Even though daily trading volume for Dogecoin totaled to $1.26 billion, according to CoinMarketCap, the amount accumulated still totals 5.69% of the 24-hour turnover, and that alone is enough to influence the price. More importantly, this is spot accumulation, which makes it more meaningful in terms of price impact than simply opening leveraged longs.

Is now the time to accumulate Dogecoin?Speaking about the Dogecoin price, over the period under review, the last 48 hours, it has gained about 2.5%, reaching a local high at $0.1534, before stalling. Interestingly, that is where the 23-day moving average is currently positioned for the meme coin, and the fact that the price curve met resistance there is a normal reaction. 

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What matters is what happens next and whether DOGE millionaires can push the price further with their recent buying activity. A total of 480 million coins acquired is a fair job, but the market remains resistant, and as this week’s price action shows, buyers currently hold the future in their hands.

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Crypto analyst Dom has provided an update on what could spark the next XRP price surge. He highlighted an important level that the altcoin needs to reclaim for it to rally to $2.50, which would mark a new high since the October 10 liquidation event.

XRP Price Must Reclaim This Level To Trigger Another Surge
In an X post, Dom stated that the XRP price needs to regain the monthly rVWAP around $2.22, as that would be the shift for a rally towards $2.50. This came as the analyst revealed that an inverse of the XRP chart over the last six weeks shows a perfect 3-drive pattern, which is a very accurate reversal setup in crypto. 

Dom also stated a higher low has finally formed, which can hint at the first sign of a trend change developing. He added that the order books are clear and that there was no better time for this trend to shift for the XRP price. If the setup fails, the analyst remarked that acceptance below $2 is next and that the end-of-year price action could turn ugly. 

Source: Chart from Dom on X
Crypto analyst Egrag Crypto also recently highlighted key levels to watch for the XRP price. He stated that a close above $2.60, which is above the Fib 0.5, is bullish, but doesn’t mean that the altcoin is fully out of the woods. Furthermore, he claimed that a close above $3.40, which is above Fib 0.888, is super bullish and would mean that the altcoin is back in a bull market. On the other hand, a close below the 21 EMA could spell trouble for XRP, according to the analyst. 

A Breakout To $2.75 Could Be In Play
In an X post, crypto analyst Ali Martinez stated that a breakout toward $2.75 could happen if the XRP price breaks above $2.28. His accompanying chart suggested a rally to this $2.75 level could open the door to a sustained rally to the psychological $3 level. Meanwhile, Martinez warned that XRP could drop to as low as $1.2 if it falls below the key support level at $2.  

Crypto analyst CasiTrades has predicted one final drop for the XRP price before it reaches new highs. She outlined two scenarios for the altcoin after a backtest of the $2.04 level. The analyst stated that a double bottom could form around $1.80, or the altcoin could see a deeper sweep to the $1.64, .618 macro support. However, it is worth mentioning that XRP has successfully broken above the $2.04 level, which could invalidate this setup. 

At the time of writing, the XRP price is trading at around $2.18, down in the last 24 hours, according to data from CoinMarketCap.

XRP trading at $2.17 on the 1D chart | Source: XRPUSDT on Tradingview.com
Featured image from Freepik, chart from Tradingview.com

Thu, 4/12/2025 - 15:05

Shiba Inu has one constant throughout the year: 81 trillion SHIB on exchanges that create constant pressure on the price.

Cover image via www.freepik.com

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Once more, Shiba Inu is perched on a cliff. The Exchange Reserve has been slightly increasing over the past 24 hours, currently at 81.49 trillion SHIB. Even though it is not a significant increase, it is still cause for concern because every increase in reserve results in more tokens being held on exchanges, which has historically been linked to more sell-side pressure.

Shiba Inu's momentum is goneThe asset's continued structural weakness is further supported by SHIB’s inability to maintain any momentum above its short-term moving averages. Tokens are slowly moving into exchanges rather than out, according to the Exchange Netflow metric, which recorded about 47.9 billion SHIB in positive flow. Generally speaking, positive netflows show that holders are preparing liquidity rather than purchases.

SHIB/USDT Chart by TradingViewThis trend, along with the poor state of SHIB’s price structure, increases the likelihood that the 81 trillion threshold will be lost if bearish flows continue. Price action concurs. SHIB is still significantly below its 50-day, 100-day and 200-day moving averages, according to the daily chart. The three are all sloping downward, which is a typical indicator of a long-term decline. None of these resistances were even slightly touched by the recent tiny bounce. Sellers intervened almost right away.

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Going down even more?There is potential for decline without even creating oversold conditions because the RSI is neutral and currently in the low 40s. The problem is the outflow stability. Over the past few days, outflows have been remarkably stable, and Exchange Outflow (Total) is slightly increasing (+2.9%). This stability is crucial because it indicates that long-term investors are not giving up.

Typically, when the structure of a meme coin collapses, inflows soar and outflows cease entirely. Here, that does not occur. Rather than panic-dumping, SHIB is displaying a pattern of controlled rotation. There is potential for a reversal window, given the combination of steadily increasing reserves and steady outflows. SHIB’s long-term foundation will not be lost if the general mood of the market shifts.

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Ripple (CRYPTO: XRP) CEO Brad Garlinghouse argues the bearish mood around Bitcoin (CRYPTO: BTC) is temporary and completely out of sync with the structural tailwinds supporting the market.

What Happened: Speaking at Binance Blockchain Week 2025, Garlinghouse said the U.S., which accounts for over one-fifth of global GDP, is undergoing a historic shift from anti-crypto hostility to pro-crypto regulation.

That regulatory pivot, he argues, is laying the groundwork for explosive institutional adoption.

Major players like BlackRock, Vanguard, and Franklin Templeton are now openly embracing digital assets.

Garlinghouse rejects the idea that ETF demand has peaked, noting crypto represents just 1–2% of all ETF assets, a tiny fraction that leaves enormous upside.

Ripple is also seeing rising institutional flow through its prime brokerage and rapidly growing stablecoin operations.

Also Read: Bitcoin, Dogecoin Steady While XRP Slips And Ethereum Climbs On A Twisted Thursday

Why It Matters: The discussion noted that the recent correction wiped out roughly $20 billion in leverage, pushed funding rates negative and and drove traders into stablecoins, a classic sign of fear.

But beneath that volatility, accelerating ETF inflows, global regulatory clarity, and stablecoins becoming mainstream means real-world crypto infrastructure is gaining traction.

Ripple's stablecoin approvals in Abu Dhabi and Dubai reinforce that point, stablecoins are no longer experimental; they're becoming embedded in real financial systems.

What's Next: Garlinghouse's core argument is that short-term turbulence is obscuring the long-term transformation underway. Institutional adoption is rising, utility is scaling, regulation is improving, and crypto is increasingly integrating into global financial plumbing.

In that environment, he says Bitcoin could realistically spike toward $180,000 by end of 2026 as sentiment snaps back.

 Read Next:

Is Bitcoin’s Rally Real? 5 Reasons Why It Is — And 5 Reasons Why It’s Not
Market News and Data brought to you by Benzinga APIs

© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

TL;DR

The Solana Mobile SKR token is launching in January 2026 with a total supply of 10 billion.
The Guardians governance system is being implemented to secure the network and prevent censorship in the application store.
The new Seeker smartphone uses TEEPIN technology and soulbound NFTs to verify digital ownership and reward users.

Solana Mobile, as part of its strategy to revolutionize decentralized mobile infrastructure, confirmed the launch of its native asset, the Solana SKR token. The event is scheduled for January 2026.

It is noteworthy that SKR has a supply of 10 billion tokens, 30% of which is reserved for community airdrops, with the goal of rewarding early adopters of its ecosystem.

The upcoming launch of the SKR token is the centerpiece of a governance model that seeks to suppress centralized authority.

The Guardians system will be responsible for securing the network, along with a group composed of key entities such as Solana Mobile, Helius Labs, Double Zero, Triton One, Anza, and Jito.

These operators will be responsible for validating transactions and maintaining the integrity of the decentralized application store, ensuring that no single entity can censor applications or user activity.

Hardware Integration: The Seeker Smartphone and Digital Identity
The new ecosystem is supported by the Seeker smartphone, which has been distributed globally since August 2025. The design of this device includes a zero-trust architecture, utilizing TEEPIN (Trusted Execution Environment Platform Infrastructure Network) to protect user data on-chain.

This infrastructure allows the hardware to cryptographically verify software integrity, freeing developers from the traditional fee models of the Apple and Google app stores.

Each smartphone generates a Genesis Token, a non-transferable (soulbound) NFT that serves as permanent proof of ownership. This token unlocks the “Seeker ID” system, allowing users to claim unique .skr usernames for on-chain interactions.

This ID system connects the physical device directly to the blockchain, enabling specific rewards and exclusive governance rights for verified hardware owners.

The General Manager of Solana Mobile, Emmett Hollyer, explained the platform’s vision: “It transforms the traditional mobile business model by giving stakeholders actual ownership in the platform. Instead of being passive consumers in someone else’s walled garden, users, developers, and hardware manufacturers become active stewards of a community-owned digital infrastructure.”

In summary, the Solana Mobile SKR token is the economic incentive intended to create a “flywheel” of adoption and development, challenging the current mobile industry duopoly.

Journalist

Hassan Shittu

Journalist

Hassan Shittu

About Author

Hassan, a Cryptonews.com journalist with 6+ years of experience in Web3 journalism, brings deep knowledge across Crypto, Web3 Gaming, NFTs, and Play-to-Earn sectors. His work has appeared in...

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Last updated: 

December 4, 2025

A Florida appeals court has reinstated a lawsuit accusing Binance of failing to freeze and recover roughly $80 million worth of stolen Bitcoin, reopening a case that had previously been dismissed over jurisdictional grounds.

According to Bloomberg Law, Florida’s Third District Court of Appeal ruled Wednesday that the lower court erred when it concluded it lacked personal jurisdiction over Binance Holdings Inc.

According to Bloomberg Law, Florida’s Third District Court of Appeal ruled Wednesday that a user who alleges roughly $80 million in BTC was stolen on Binance may revive a state-level lawsuit, finding the trial court erred in concluding it lacked personal jurisdiction over…

— Wu Blockchain (@WuBlockchain) December 4, 2025
The decision allows the plaintiff to proceed with a state-level lawsuit alleging that Binance failed to act quickly after the theft was reported.

Appeals Court Reverses Dismissal Saying Use of AWS Ties Binance to FloridaThe case stems from a 2022 incident in which the plaintiff, identified as Michael Osterer, reported that about 1,000 Bitcoin was stolen from his wallet.

He claims the hackers transferred the funds to a Binance account, where the assets were converted and withdrawn before the exchange intervened.

Osterer alleges that Binance was negligent, breached its contractual duties, and enabled the laundering of stolen property by failing to freeze the assets promptly.

Osterer is seeking the full value of the stolen Bitcoin, estimated at roughly $80 million, along with interest. In 2023, he also attempted to expand the case into a class action on behalf of other victims whose stolen assets were allegedly routed through Binance.

A trial court initially dismissed the lawsuit after determining that Binance, which operates offshore, did not have sufficient connections to Florida to be sued in the state.

The appeals court overturned that finding, ruling that Binance’s U.S.-facing affiliates and its reliance on U.S. infrastructure were enough to establish jurisdiction.

The court specifically pointed to the exchange’s use of Amazon Web Services and its U.S. operational footprint as valid contacts with Florida.

The decision sends the case back to trial court, where Osterer will again be allowed to argue his claims under Florida state law.

The ruling adds to legal pressure on offshore crypto exchanges that have previously relied on jurisdictional defenses to block U.S. lawsuits involving stolen assets.

Binance may still seek to appeal the ruling or attempt to shift the dispute into arbitration, a strategy the company has pursued in other U.S. cases.

Even After Zhao’s Pardon, Binance Faces Fresh Legal Heat in the U.S.The revived lawsuit comes as Binance continues to face sustained legal scrutiny in the United States. In November, the exchange and its founder, Changpeng Zhao, were named in a federal lawsuit filed by the families of victims of the October 2023 Hamas attack.

The plaintiffs accused Binance of knowingly facilitating crypto transactions tied to the militant group and helping move more than $1 billion through accounts linked to terrorist organizations.

Binance has denied the allegations and said it complies with international sanctions laws.

Earlier this year, Binance also sought to dismiss a separate class action brought by U.S. investors in California, arguing that an arbitration clause in its user agreement required private dispute resolution.

That case is tied to broader securities law claims alleging the exchange promoted unregistered crypto tokens and misled investors.

Binance’s legal disputes in the United States have already led to some of the largest settlements in crypto history. In November 2023, the exchange agreed to pay $4.3 billion to resolve charges brought by the DOJ over violations of the Bank Secrecy Act.

Also, CZ pleaded guilty to a related criminal offense and accepted a separate $150 million personal settlement. Binance also paid $2.7 billion to settle a civil case with the Commodity Futures Trading Commission.

In May 2025, the U.S. Securities and Exchange Commission dropped its civil enforcement lawsuit against Binance and Zhao, bringing an end to a legal battle that had lasted more than two years.

Months later, in October, President Donald Trump issued a pardon to Zhao, wiping away the criminal conviction tied to the Justice Department case.

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Bitcoin (BTC) slipped from the 2025 yearly open into Thursday’s Wall Street trading session as markets reacted to US jobs data.

Key points:

Strong US labor-market data fails to dent hopes of a December Fed rate cut.

Crypto continues to diverge from stocks amid predictions of a strong finish to 2025 for the latter.

Bitcoin has multiple key resistance levels to reclaim in order to flip the bearish status quo.

Fed has “no option” over rate cutData from Cointelegraph Markets Pro and TradingView showed BTC price action weakening on surprisingly low US jobless claims.

BTC/USD one-hour chart. Source: Cointelegraph/TradingView
Both initial and ongoing claims came in below expectations on the day, per data from the St. Louis Fed. 

US weekly initial jobless claims through Nov. 29. Source: St. Louis Fed
Despite this signal of labor market strengthening, and hence economic resilience, markets doubled down on expectations that the Federal Reserve would lower interest rates at its Dec. 10 meeting.

The reason, analysis argued, was a widening gap between risk assets and consumer strength.

“The Fed has no option: Even as inflation hits 3%, the Fed MUST cut rates to ‘save’ US consumers,” trading resource The Kobeissi Letter wrote in its latest commentary on X. 

“Consumers are struggling while large cap tech stocks are soaring. More rate CUTS are coming into one of the hottest stock markets in history. Own assets or be left behind.” Fed target rate probabilities for Dec. 10 meeting (screenshot). Source: CME Group FedWatch Tool
A cut would notionally support further liquidity inflows into crypto and risk assets. As Cointelegraph reported, even the risk of Japan hiking rates in the near future represented a contradictory move, as its central bank finalized a $135 billion economic stimulus injection.

Kobeissi described the Japanese situation as a “free-for-all.”

“Japan is printing stimulus, yet raising rates? Something is broken,” it summarized alongside a print of record-high 30-year bonds.

Japan 30-year bond chart. Source: The Kobeissi Letter/X
Continuing, trading outfit Mosaic Asset Company nonetheless warned that future Fed rate cuts were far from guaranteed despite market optimism.

“While market-implied odds point to an 89% chance of a third consecutive rate cut, deep divisions are emerging on the forward path of interest rates,” it wrote in a blog post on the day. 

“While that could inject volatility into the stock market, underlying market internals are evolving very favorably for a rally into year-end.”Analysis: Bitcoin bear case “remains strong”With the S&P 500 just 0.5% off new all-time highs, Bitcoin and altcoins continued to stand out as weak players.

Among traders, multiple resistance levels that need to be reclaimed lie on the horizon. 

Along with the $93,500 yearly open, points of interest included liquidity closer to $100,000, as well as the 50-week simple (SMA) and exponential (EMA) moving averages.

“Looking for a retest at the 50-Week SMA, but need to clear resistance in the $96k - $98k range first,” trading resource Material Indicators told X followers alongside a chart of Binance order-book liquidity data. 

“Too soon to call this a bull market recovery. Need to clear those resistance levels with a healthy RSI at the Weekly Close before we can have that conversation.” BTC/USDT order-book liquidity data with whale transactions. Source: Material Indicators/X
In a subsequent post, Material Indicators said that Bitcoin failing to flip the yearly open so far was an “indication that the bear thesis remains strong.”

Earlier, Cointelegraph reported on various BTC price indicators seeking to draw a line under the market’s latest bearish phase.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision. While we strive to provide accurate and timely information, Cointelegraph does not guarantee the accuracy, completeness, or reliability of any information in this article. This article may contain forward-looking statements that are subject to risks and uncertainties. Cointelegraph will not be liable for any loss or damage arising from your reliance on this information.

Cover image via U.Today

Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Renowned Cardano (ADA) advocate Armor Tesar, also known as YODA on X, has issued an important caution on Hydra. The warning is important to help users and operators understand the security setup of the layer-2 scaling solution for Cardano.

Hydra operators hold authority over locked ADA fundsAccording to YODA, while Hydra allows for faster and cheaper transactions, there are critical details that users need to be aware of. Notably, only Hydra operators are fully in charge of their ADA. It implies, therefore, that any user not running their own node is at the mercy of the Hydra operator.

This is because any user who locks their ADA into a Hydra head automatically gives up control. For clarity, once locked, the user’s private key can no longer directly access the funds, as they are controlled by the Hydra head smart contract, not the user’s wallet.

If you want to use Hydra, you trust the operators of Hydra Head.

You are only in control of your funds if you are one of the Hydra Head operators.

When you lock ADA into a Hydra Head, you sign a transaction with your private key. The transaction sends ADA into an on-chain… pic.twitter.com/hbh78guPLY

— Cardano YOD₳ (@JaromirTesar) December 4, 2025 It means that even without having a user’s private keys, the operators can still control what happens to the funds. The operators have this power because, inside the Hydra system, every update requires signatures from all operators, not users. Thus, operators can agree on any state, even a malicious one.

Based on the design of the Hydra system, once the on-chain Hydra smart contract accepts the operator's signatures, that becomes the "truth" when the Hydra head closes.

YODA is warning that this poses a major security risk, as operators could collude to sign a fake snapshot and direct the funds to themselves. He is emphasizing that the only way to have full control of one’s fund is to be a Hydra operator.

If, however, a user delegates their funds and uses Hydra through an operator, they have to "rely" on the operator not to cheat. This requires a high level of trust in the Hydra operators.

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Cardano community urged to prioritize trust YODA’s message to Cardano users is that Hydra is only truly trustless for people who run a node themselves. 

Every other user is effectively using it the same way as a custodial service. In essence, before one decides to use a Hydra-based DeFi app, they must do their own research.

It is important to know who the operators are and whether they are trustworthy enough not to team up with malicious actors to redirect users’ funds.

Hydra has been so dogged with speculation that even Cardano founder Charles Hoskinson had to wade in in 2024 to address concerns about it.

Ripple moves 46M XRP as network velocity hits 2025 high, testing $2.28 resistance amid strong whale and trader activity.

Izabela Anna2 min read

4 December 2025, 03:26 PM

Ripple’s recent movement of 46 million XRP has added pressure to an already active market, as traders assess rising on-chain activity and the asset’s approach to a key resistance level. The transfer occurred during a period of intense demand for crypto ETFs and followed a sharp rise in XRP Ledger velocity, which reached its highest level of 2025. 

Ripple’s $101 Million Transfer Coincides With Rising Network VelocityWhale Alert data showed two consecutive transfers involving 46,019,328 XRP each. Ripple moved the funds from its “Ripple (50)” wallet to an internal address before routing the same amount to a wallet linked to Binance. The total value exceeded $101 million at current prices. 

Besides the liquidity shift, CryptoQuant data confirmed a sharp rise in XRP velocity on December 2. The metric climbed to 0.0324, marking this year’s highest reading. 

High velocity often signals strong network engagement and rapid circulation. Moreover, the surge indicates increased participation from traders and whales during a period of heightened volatility.

Market activity intensified as investors monitored whether these movements would influence short-term liquidity conditions. Significantly, the token’s fast turnover suggested that market participants remain active despite the recent price pullback.

Price Holds Below Resistance as Analysts Eye the $2.28 BreakoutXRP traded at $2.13 as of press time, posting a mild daily decline while weekly losses remained near 2%. The market cap stood at $128.7 billion, with 60 billion tokens in circulation. The token continued moving inside a broad descending channel, which has consistently limited recovery attempts.

Source: X

This downward channel keeps traders focused on key resistance levels, with the $2.28 zone now standing as the first major barrier to upward momentum. Analyst Ali Martinez noted that a firm break above this area could open a path toward $2.47 and possibly $2.75. 

Additionally, traders view this level as a structural midpoint that could shift sentiment if reclaimed. A failure to clear $2.28 risks renewed downside, with $2.10 acting as the next support level inside the lower channel.

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Izabela Anna

Izabela Anna is a knowledgeable freelance journalist, who boasts over five years of experience covering the cryptocurrency market. Her tenure has seen her navigate through the ebbs and flows of multiple market cycles, giving her a deep understanding within. Her journalistic focus lies in dissecting price action dynamics, scrutinizing the on-chain landscape, and providing insights from a technical perspective, making her a trusted voice in the realm of cryptocurrency reporting.

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XRP (Ripple) News

After the successful launch of the first US spot XRP ETF, inflows have already near $900 million in just 13 trading days, with every single day closing in the green.

But even with this strong demand, XRP’s price is down nearly 2% today. Meanwhile top chart analyst Ali Martinez believes XRP could climb toward $2.75 if it breaks a major resistance level that has held it back for weeks.

One of the biggest reasons behind this week’s momentum is the strong inflow into XRP ETFs. On December 3, U.S. spot XRP ETFs recorded $50.27 million in net inflows, taking their total to $874.3 million, as per SoSoValue data.

This steady rise now places XRP ETFs among the fastest-growing crypto investment products in the market. Reaching close to the $1 billion mark in less than a month shows how quickly traditional finance is beginning to trust and adopt XRP.

This consistent buying pressure from institutional investors has helped bring more stability to XRP’s market performance. 

At a time when many altcoins are showing volatile and unpredictable moves, XRP is holding its ground strongly.

XRP Stuck in the $2.28 Barrier LevelLooking at the larger 3-day chart, XRP is still moving under a long downward trend that began months ago. Recently, XRP bounced sharply from the $1.90–$2.00 support area, confirming that buyers are actively protecting the lower range.

But on the upside, XRP is now getting closer to the key $2.28 level, a point that has rejected the price several times before. 

Accordingly to top chart analyst Ali Martinez this level as a major barrier. Because of this setup, XRP is currently stuck between strong support below and heavy resistance above. 

The Ichimoku Cloud and the long downward trendline are still blocking a clean breakout, keeping the price trapped in a narrow zone.

If XRP manages to break above this trendline, the momentum could quickly flip bullish. The next major target would be around $2.75 and further to $3.

Trust with CoinPedia:CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.

Investment Disclaimer:All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.

Sponsored and Advertisements:Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.

Key Takeaways Bank of America will allow 1-4% crypto allocations in advised portfolios starting January 2026.The move brings crypto into BAC's house view via research, guidelines and ETF-based access.Select spot Bitcoin ETFs like those from Bitwise, Fidelity and BlackRock will anchor initial exposure.
Starting January 2026, Bank of America (BAC - Free Report) will let its wealth advisers recommend a small crypto allocation, typically 1% to 4%, for suitable clients across Merrill, Bank of America Private Bank and Merrill Edge. The key change isn’t that clients can buy crypto exposure (many already could on request), but that crypto is moving into the bank’s house view: research coverage, portfolio guidelines and adviser-led conversations.

In a statement, Chris Hyzy, chief investment officer at Bank of America Private Bank, said, “For investors with a strong interest in thematic innovation and comfort with elevated volatility, a modest allocation of 1% to 4% in digital assets could be appropriate.”

In practice, BAC’s initial implementation is expected to focus on regulated spot Bitcoin ETFs (rather than direct coin custody), providing clients with a wrapper that resembles a traditional security, offering daily liquidity, statements and operational controls. The bank's CIO-covered Bitcoin ETFs will include the Bitwise Bitcoin ETF, Fidelity's Wise Origin Bitcoin Fund, Grayscale's Bitcoin Mini Trust and BlackRock's iShares Bitcoin Trust.

Bank of America’s shift could further mainstream crypto in advised portfolios, prompting several peers that are yet to allow to follow. Even a small 1-4% allocation across large wealth channels may drive meaningful inflows into spot Bitcoin ETFs. But the bank is positioning crypto as a high-volatility satellite exposure, so sizing and disciplined rebalancing remain crucial.

Other Financial Institutions Warming Up to Crypto AllocationA broader shift is underway across the financial sector. Many institutions, including Morgan Stanley (MS - Free Report) and BlackRock (BLK - Free Report) , are now allowing their institutional clients access to crypto assets.

Morgan Stanley’s suggested 2-4% crypto allocation signals a higher risk budget for investors comfortable with volatility, treating crypto as a satellite position that can meaningfully impact returns, with suitability checks and disciplined rebalancing essential. BlackRock’s 1-2% stance is more conservative, framing crypto as a modest diversifier aimed at portfolio resilience rather than performance chasing.

Together, both Morgan Stanley and BlackRock’s approach show mainstream institutions converging on a common idea: crypto may have a role in diversified portfolios, but position size, liquidity considerations and risk controls matter more than bold conviction.

Bank of America’s Price Performance, Valuation & EstimatesShares of Bank of America have risen 23% this year. 

Image Source: Zacks Investment Research

From a valuation standpoint, Bank of America trades at a 12-month trailing price-to-tangible book (P/TB) of 1.97X, below the industry. 

Image Source: Zacks Investment Research

The Zacks Consensus Estimate for Bank of America’s 2025 and 2026 earnings implies year-over-year growth of 15.9% and 14.5%, respectively. In the past month, earnings estimates for 2025 and 2026 have increased to $3.80 and $4.35, respectively.

Image Source: Zacks Investment Research

Bank of America currently carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Salesforce (CRM - Free Report) delivered stronger-than-expected fiscal third-quarter results on Wednesday, surpassing Wall Street expectations for adjusted earnings and offering upbeat revenue guidance for the fourth quarter. The stock gained about 2.5% in after-hours trading, following the announcement.

Inside the Earnings ResultsThe company reported adjusted earnings of $3.25 per share, topping the Zacks Consensus Estimateof $2.85, while revenues came in at $10.26 billion, missing the Zacks Consensus Estimate by 0.05%.

Revenues rose 8.6% from a year earlier, and net income increased to $2.09 billion, or $2.19 per share, compared with $1.53 billion, or $1.58 per share, helped by a $263 million benefit from strategic investments.

CFO Robin Washington noted that Tableau saw a higher mix of cloud services than anticipated during the quarter. Revenues from on-premises Tableau and MuleSoft products are recognized immediately, whereas cloud revenues are recognized over time, affecting quarterly performance patterns, as quoted on CNBC.

Fourth-Quarter GuidanceFor Q4, Salesforce expects adjusted earnings of $3.02 to $3.04 per share and revenues between $11.13 billion and $11.23 billion, ahead of the Zacks Consensus Estimate of $3.01 per share and $10.89 billion, respectively. The guidance reflects the ongoing shift to cloud-based models for MuleSoft and Tableau and continued weakness in marketing and commerce products, as quoted on CNBC.

AI Acquisitions and Product GrowthDuring the quarter, Salesforce completed the acquisitions of Regrello, an AI task-automation startup, and Waii, which uses AI to generate code for data queries from natural-language input. The company also launched Agentforce, its AI platform for automating IT service workflows, and outlined a fiscal 2030 revenue target of $60 billion, exceeding analysts' expectations, as quoted on CNBC.

Stock Underperformance and AI ConcernsDespite the solid results, Salesforce shares have lagged the broader tech sector amid investor concerns that artificial intelligence could displace some of the company’s product capabilities, as mentioned in the above-said CNBC article. The stock is down 27.8% so far this year, while the Nasdaq-100 has climbed about 22%.

Price TargetBased on short-term price targets offered by 46 analysts, the average price target for Salesforce.com comes to $328.52. The forecasts range from a low of $221.00 to a high of $430.00. The average price target represents an increase of 39.97% from the closing price of $234.71 recorded on Dec. 2, 2025.

Broker RatingSalesforce.com currently has an average brokerage recommendation (ABR) of 1.60 on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell etc.) made by 50 brokerage firms. The current ABR compares to an ABR of 1.59 a month ago based on 51 recommendations.

Of the 50 recommendations deriving the current ABR, 35 are Strong Buy and two are Buy. Strong Buy and Buy, respectively, account for 70% and 4% of all recommendations. A month ago, Strong Buy made up 70.59%, while Buy represented 3.92%.

ETFs in Focus The stock comes from a top-ranked Zacks Industry (top 30%) and Zacks Sector (top 6%). Amid Salesforce’s shift toward a higher mix of cloud services, investors can play the stock via ETF form. The global cloud services market is expected to see a CAGR of 16.00% from 2025 to 2034, per Precedence Research.

Salesforce-heavy ETFs include the likes ofiShares Expanded Tech-Software Sector ETF (IGV - Free Report) , Pacer US Cash Cows Growth ETF (BUL - Free Report) and Themes Cloud Computing ETF (CLOD - Free Report) .

Met or Exceeded All Guidance Metrics Provided
8% Year-Over-Year Increase in Consolidated Communities
Successfully Completed $900 Million Unsecured Debt Refinancing Extending Maturities Until 2031 and 2033
Operating Performance Reflects a $34 Million Expense from Refinancing and $19 Million in Land Charges

MATAWAN, N.J., Dec. 04, 2025 (GLOBE NEWSWIRE) -- Hovnanian Enterprises, Inc. (NYSE: HOV), a leading national homebuilder, reported results for its fiscal fourth quarter and year ended October 31, 2025.

RESULTS FOR THE THREE-MONTHS AND FULL YEAR ENDED OCTOBER 31, 2025:

Total revenues were $817.9 million in the fourth quarter of fiscal 2025, which was within the guidance range we provided, compared with $979.6 million in the same quarter of the prior year. For the year ended October 31, 2025, total revenues were $2.98 billion compared with $3.00 billion in fiscal 2024.Domestic unconsolidated joint ventures(1) sale of homes revenues for the fourth quarter of fiscal 2025 increased 27.3% to $180.4 million (285 homes) compared with $141.7 million (235 homes) for the three months ended October 31, 2024. For fiscal 2025, domestic unconsolidated joint ventures sale of homes revenues increased 17.6% to $621.6 million (934 homes) compared with $528.6 million (803 homes) in the fiscal year ended October 31, 2024.Homebuilding gross margin percentage, after cost of sales interest expense and land charges, was 10.7% (with 2.5% attributable to land charges) for the three months ended October 31, 2025, compared with 18.0% during the fourth quarter a year ago (with only 0.9% attributable to land charges). In fiscal 2025, homebuilding gross margin percentage, after cost of sales interest expense and land charges, was 12.7% compared with 18.7% in the prior fiscal year.Homebuilding gross margin percentage, before cost of sales interest expense and land charges, was 16.3% during the fiscal 2025 fourth quarter, which was within the guidance range we provided, compared with 21.7% in last year’s fourth quarter. For the year ended October 31, 2025, homebuilding gross margin percentage, before cost of sales interest expense and land charges, was 17.2% compared with 22.0% in the previous fiscal year.Total SG&A was $91.5 million, or 11.2% of total revenues, in the fourth quarter of fiscal 2025 compared with $87.7 million, or 9.0% of total revenues, in the fourth quarter of fiscal 2024. Total SG&A was $349.8 million, or 11.7% of total revenues, in fiscal 2025 compared with $342.2 million, or 11.4% of total revenues, in the previous fiscal year.Total interest expense as a percentage of total revenues increased to 4.2% for the fourth quarter of fiscal 2025, compared with 3.2% for the fourth quarter of fiscal 2024. The year-over-year increase in interest expense is primarily related to a few large communities in planning. For the year ended October 31, 2025, total interest expense as a percentage of total revenues was 4.2% compared with 4.0% in the previous fiscal year.The company incurred losses related to the early extinguishment of debt and land charges of $52.9 million, contributing to a loss before income taxes for the fourth quarter of fiscal 2025 of $4.1 million compared with income before income taxes of $117.9 million in the fourth quarter of the prior fiscal year. For fiscal 2025, income before income taxes was $86.1 million compared with $317.1 million during the prior fiscal year.Income before income taxes, excluding $19.4 million in land-related charges and a $33.5 million loss on extinguishment of debt related to our September 2025 debt refinancing, was $48.8 million in the fourth quarter of fiscal 2025, which was within the guidance range we provided, compared with income before these items of $125.8 million in the fourth quarter of fiscal 2024. For the year ended October 31, 2025, income before income taxes excluding land-related charges and loss (gain) on extinguishment of debt, net was $158.8 million compared with income before these items of $327.3 million in fiscal 2024.Net loss was $0.7 million, or $0.51 per diluted common share, for the three months ended October 31, 2025, compared with net income of $94.3 million, or $12.79 per diluted common share, in the same period of the previous fiscal year. For fiscal 2025, net income was $63.9 million, or $7.43 per diluted common share, compared with net income of $242.0 million, or $31.79 per diluted common share, during fiscal 2024.EBITDA was $35.7 million for the fourth quarter of fiscal 2025 compared with $151.0 million for the fourth quarter of the prior year. For fiscal 2025, EBITDA was $226.4 million compared with $445.4 million in the prior year. Reported EBITDA is inclusive of the loss on extinguishment of debt and land related charges of $52.9 million discussed above.Adjusted EBITDA was $88.6 million for the quarter ended October 31, 2025, which was above the high end of the guidance range we provided, compared with $159.0 million in the fourth quarter of the prior fiscal year. For the year ended October 31, 2025, adjusted EBITDA was $299.1 million compared with $455.6 million in the previous fiscal year.Consolidated contracts in the fourth quarter of fiscal 2025 decreased 10.8% to 1,209 homes ($629.2 million) compared with 1,355 homes ($705.6 million) in the same quarter last year. Contracts, including domestic unconsolidated joint ventures, for the three months ended October 31, 2025, decreased 7.7% to 1,450 homes ($787.1 million) compared with 1,571 homes ($845.7 million) in the fourth quarter of fiscal 2024. Last year's results were reflective of an exceptionally strong market, with contracts that included domestic unconsolidated joint ventures rising by 81.6% in October 2024.As of October 31, 2025, the number of consolidated communities increased by 7.7% to 140, compared with 130 communities as of October 31, 2024. Including domestic unconsolidated joint ventures, community count grew by 6.1% to 156 as of October 31, 2025, up from 147 as of October 31, 2024.Consolidated contracts per community declined by 17.3% year-over-year to 8.6 in the fourth quarter of fiscal 2025, compared to 10.4 in the same quarter of fiscal 2024. When including domestic unconsolidated joint ventures, contracts per community decreased by 13.1% to 9.3 for the three months ended October 31, 2025, compared with 10.7 in the prior year period. As discussed above, we had an exceptionally strong fourth quarter of fiscal 2024, which included a 56.5% year-over-year increase in consolidated contracts per community in October of 2024.The dollar value of consolidated contract backlog, as of October 31, 2025, decreased 22.4% to $726.5 million compared with $936.8 million as of October 31, 2024. The dollar value of contract backlog, including domestic unconsolidated joint ventures, as of October 31, 2025, decreased 25.2% to $923.2 million compared with $1.23 billion as of October 31, 2024. The year-over-year decrease in backlog dollars is partly due to increased sales of quick move in homes (QMIs), which are typically in backlog for a very short period of time.The gross contract cancellation rate for the fourth quarter ended October 31, 2025, was 17% for both consolidated contracts and domestic unconsolidated joint venture contracts, compared with 18% for both items in the fourth quarter of the prior year.For the trailing twelve-month period our net income return on inventory was 3.8% and our adjusted earnings before interest and income taxes return on investment (Adjusted EBIT ROI) was 17.7%. For the most recently reported trailing twelve-month periods, we believe we had the second highest Adjusted EBIT ROI compared to nine of our publicly traded midsized homebuilder peers.
(1)When we refer to “Domestic Unconsolidated Joint Ventures”, we are excluding results from our multi-community unconsolidated joint venture in the Kingdom of Saudi Arabia (KSA).

LIQUIDITY AND INVENTORY AS OF OCTOBER 31, 2025:

During the fourth quarter of fiscal 2025, land and land development spending was $199.4 million compared with $318.4 million in the same quarter one year ago. For fiscal 2025, land and land development spending was $859.4 million compared with $995.4 million in the prior year.Total liquidity as of October 31, 2025, was $404.1 million, which was significantly above our target liquidity range of $170 million to $245 million.In the fourth quarter of fiscal 2025, approximately 3,100 lots were put under option or acquired in 32 consolidated communities.As of October 31, 2025, our total controlled consolidated lots were 35,883 compared with 41,891 lots at the end of the previous fiscal year’s fourth quarter. Continuing our land-light strategic focus, 85% of our lots were optioned at the end of the fourth quarter of fiscal 2025. Based on trailing twelve-month deliveries, the current position equaled 6.5 years’ supply.Total QMIs as of October 31, 2025, were 907, a decline of 10.7% compared with 1,016 as of July 31, 2025, illustrating our efforts to match our starts with our sales pace. This equates to 6.5 QMIs per community as of October 31 2025. DEBT REFINANCING:

The Company issued $450.0 million aggregate principal amount of 8.0% Senior Notes due 2031 and $450.0 million aggregate principal amount of 8.375% Senior Notes due 2033.The Company used the net proceeds from the new issuances to redeem all of its outstanding secured notes consisting of 8.0% Senior Secured 1.125 Lien Notes due 2028 and 11.75% Senior Secured 1.25 Lien Notes due 2029, as well as to repay in full all loans outstanding under its Senior Secured 1.75 Lien Term Loan Facility due 2028.The Company entered into a Fourth Amendment to the Credit Agreement governing its $125 million secured revolving credit facility which, among other things, extended the final scheduled maturity thereof by two years to June 30, 2028.Key benefits of the refinancing: Simplified capital structure: Replaced multiple tiers of secured debt with unsecured notes.Extended maturity runway: The transaction refinanced all of the Company’s secured debt maturing in fiscal 2028 and 2029 and proactively extended these maturities to fiscal 2031 and fiscal 2033 with unsecured notes.Decreased interest incurred: Despite the nominal increase in debt outstanding, we are pleased that the transaction resulted in $12 million decrease in annual interest incurred.Extended the revolver maturity: The transaction extended the maturity of the revolver, which was the nearest term maturity, from the third quarter of fiscal 2026 until the third quarter of fiscal 2028. FINANCIAL GUIDANCE(2):

The Company is providing guidance for total revenues, adjusted homebuilding gross margin, adjusted income before income taxes and adjusted EBITDA for the first quarter of fiscal 2026. Financial guidance below assumes no adverse changes in current market conditions, including deterioration in our supply chain or material increases in mortgage rates, inflation or cancellation rates, and excludes further impact to SG&A expenses from phantom stock expense related solely to stock price movements from the closing price of $120.23 on October 31, 2025.

For the first quarter of fiscal 2026, total revenues are expected to be between $550 million and $650 million, adjusted homebuilding gross margin is expected to be between 13.0% and 14.0%, adjusted income before income taxes is expected to be between $10 million and $20 million and adjusted EBITDA is expected to be between $35 million and $45 million.

(2)The Company cannot provide a reconciliation between its non-GAAP projections and the most directly comparable GAAP measures without unreasonable efforts because it is unable to predict with reasonable certainty the ultimate outcome of certain significant items required for the reconciliation. These items include, but are not limited to, land-related charges, inventory impairments and land option write-offs and loss (gain) on extinguishment of debt, net. These items are uncertain, depend on various factors and could have a material impact on GAAP reported results.

COMMENTS FROM MANAGEMENT:

“Despite a tough housing market, our team performed very well, meeting or beating all of our guidance for the quarter,” said Ara K. Hovnanian, Chairman of the Board and Chief Executive Officer. “To maintain sales pace, we continued to rely on incentives, which lowered our gross profit margins but allowed us to sell older, less profitable land. In the fourth quarter, we averaged 8.6 contracts per community. Given our recent land acquisitions, we expect our gross margin percentage to be lowest in the first quarter of fiscal 2026 and to gradually increase in the following quarters. This gives us a strong base for long-term value creation for our shareholders.”

“This quarter marked a significant milestone in strengthening our capital structure with the successful refinancing of our secured debt with unsecured bonds—a culmination of years of disciplined liability management and strategic capital market activity. By improving our financial flexibility and reducing risk, we’ve positioned ourselves to invest strategically in growth, while navigating market cycles with confidence. Our focus remains unwavering: delivering industry-leading returns to our shareholders over the long term through prudent financial stewardship and operational excellence,” concluded Mr. Hovnanian.

WEBCAST INFORMATION:

Hovnanian Enterprises will webcast its fiscal 2025 fourth quarter and full year financial results conference call at 11:00 a.m. E.T. on Thursday, December 4, 2025. The webcast can be accessed live through the “Investor Relations” section of Hovnanian Enterprises’ website at http://www.khov.com. For those who are not available to listen to the live webcast, an archive of the broadcast will be available under the “Past Events” section of the Investor Relations page on the Hovnanian website at http://www.khov.com. The archive will be available for 12 months.

ABOUT HOVNANIAN ENTERPRISES, INC.:

Hovnanian Enterprises, Inc., founded in 1959 by Kevork S. Hovnanian, is headquartered in Matawan, New Jersey and, through its subsidiaries, is one of the nation’s largest homebuilders with operations in Arizona, California, Delaware, Florida, Georgia, Maryland, New Jersey, Ohio, Pennsylvania, South Carolina, Texas, Virginia and West Virginia. The Company’s homes are marketed and sold under the trade name K. Hovnanian Homes. Additionally, the Company’s subsidiaries, as developers of K. Hovnanian’s Four Seasons communities, make the Company one of the nation’s largest builders of active lifestyle communities.

Additional information on Hovnanian Enterprises, Inc. can be accessed through the “Investor Relations” section of the Hovnanian Enterprises’ website at http://www.khov.com. To be added to Hovnanian's investor e-mail list, please send an e-mail to [email protected] or sign up at http://www.khov.com.

NON-GAAP FINANCIAL MEASURES:

Consolidated earnings before interest expense and income taxes (“EBIT”) and before depreciation and amortization (“EBITDA”) and before inventory impairments and land option write-offs and loss (gain) on extinguishment of debt, net (“Adjusted EBITDA”), the ratio of Adjusted EBITDA to interest incurred and EBIT before inventory impairments and land option write-offs and loss (gain) on extinguishment of debt, net (“Adjusted EBIT”) are not U.S. generally accepted accounting principles (“GAAP”) financial measures. The most directly comparable GAAP financial measure is net (loss) income. The reconciliation for historical periods of EBIT, EBITDA, Adjusted EBIT and Adjusted EBITDA to net (loss) income are presented in tables attached to this earnings release.

Homebuilding gross margin, before cost of sales interest expense and land charges, and homebuilding gross margin percentage, before cost of sales interest expense and land charges, are non-GAAP financial measures. The most directly comparable GAAP financial measures are homebuilding gross margin and homebuilding gross margin percentage, respectively. The reconciliation for historical periods of homebuilding gross margin, before cost of sales interest expense and land charges, and homebuilding gross margin percentage, before cost of sales interest expense and land charges, to homebuilding gross margin and homebuilding gross margin percentage, respectively, is presented in a table attached to this earnings release.

Adjusted income before income taxes, which is defined as (loss) income before income taxes excluding land-related charges and loss (gain) on extinguishment of debt, net is a non-GAAP financial measure. The most directly comparable GAAP financial measure is (loss) income before income taxes. The reconciliation for historical periods of adjusted income before income taxes to (loss) income before income taxes is presented in a table attached to this earnings release.

Adjusted investment, which is defined as total inventories excluding liabilities from inventory not owned, net of debt issuance costs and interest capitalized and including investments in and advances to unconsolidated joint ventures (“Adjusted Investment”), is a non-GAAP financial measure. The most directly comparable GAAP financial measure is total inventories. The reconciliation for historical periods of Adjusted Investment to total inventories is presented in a table attached to this earnings release.

The ratio of Adjusted EBIT return on adjusted investment (“Adjusted EBIT ROI”), which is the ratio of Adjusted EBIT for the trailing twelve-months, to the average Adjusted Investment for the prior five fiscal quarters, is a non-GAAP financial measure. The most directly comparable GAAP financial measure is the ratio of net income return to total inventories. The presentation of the ratios of Adjusted EBIT ROI and net income return on inventory are presented in a table attached to this earnings release.

Total liquidity is comprised of $272.8 million of cash and cash equivalents, $6.3 million of restricted cash required to collateralize letters of credit and $125.0 million available under a senior secured revolving credit facility as of October 31, 2025.

FORWARD-LOOKING STATEMENTS

All statements in this press release that are not historical facts should be considered as “Forward-Looking Statements” within the meaning of the “Safe Harbor” provisions of the Private Securities Litigation Reform Act of 1995. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Such forward-looking statements include but are not limited to statements related to the Company’s goals and expectations with respect to its financial results for future financial periods and statements regarding demand for homes, mortgage rates, inflation, supply chain issues, customer incentives and underlying factors. Although we believe that our plans, intentions and expectations reflected in, or suggested by, such forward-looking statements are reasonable, we can give no assurance that such plans, intentions or expectations will be achieved. By their nature, forward-looking statements: (i) speak only as of the date they are made, (ii) are not guarantees of future performance or results and (iii) are subject to risks, uncertainties and assumptions that are difficult to predict or quantify. Therefore, actual results could differ materially and adversely from those forward-looking statements as a result of a variety of factors. Such risks, uncertainties and other factors include, but are not limited to, (1) changes in general and local economic, industry and business conditions and impacts of a significant homebuilding downturn; (2) shortages in, and price fluctuations of, raw materials and labor, including due to geopolitical events, changes in trade policies, including the imposition of tariffs and duties on homebuilding materials and products and related trade disputes with and retaliatory measures taken by other countries and changes in immigration laws or the enforcement thereof and trends in labor migration; (3) fluctuations in interest rates and the availability of mortgage financing, including as a result of instability in the banking sector; (4) increases in inflation; (5) adverse weather and other environmental conditions and natural or man-made disasters; (6) the seasonality of the Company’s business; (7) the availability and cost of suitable land and improved lots and sufficient liquidity to invest in such land and lots; (8) reliance on, and the performance of, subcontractors; (9) regional and local economic factors, including dependency on certain sectors of the economy, and employment levels affecting home prices and sales activity in the markets where the Company builds homes; (10) increases in cancellations of agreements of sale; (11) changes in tax laws affecting the after-tax costs of owning a home; (12) legal claims brought against us and not resolved in our favor, such as product liability litigation, warranty claims and claims made by mortgage investors; (13) levels of competition; (14) utility shortages and outages or rate fluctuations; (15) information technology failures and data security breaches; (16) negative publicity; (17) global economic and political instability (18) high leverage and restrictions on the Company’s operations and activities imposed by the agreements governing the Company’s outstanding indebtedness; (19) availability and terms of financing to the Company; (20) the Company’s sources of liquidity; (21) changes in credit ratings; (22) government regulation, including regulations concerning the development of land, the home building, sales and customer financing processes, tax laws and environmental, health and safety matters; (23) potential liability as a result of the past or present use of hazardous materials; (24) operations through unconsolidated joint ventures with third parties; (25) significant influence of the Company’s controlling stockholders; (26) availability of net operating loss carryforwards; (27) loss of key management personnel or failure to attract qualified personnel; and (28) certain risks, uncertainties and other factors described in detail in the Company’s Annual Report on Form 10-K for the fiscal year ended October 31, 2024 and the Company’s Quarterly Reports on Form 10-Q for the quarterly periods during fiscal 2025 and subsequent filings with the Securities and Exchange Commission. Except as otherwise required by applicable securities laws, we undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, changed circumstances or any other reason.

Hovnanian Enterprises, Inc.October 31, 2025Statements of consolidated operations(In thousands, except per share data) Three Months Ended Year Ended
 October 31, October 31,
 2025  2024 2025  2024
 (Unaudited) (Unaudited)
Total revenues$817,904  $979,638 $2,978,581  $3,004,918 Costs and expenses (1) 801,178   877,221  2,905,818   2,741,462 (Loss) gain on extinguishment of debt, net (33,512)  -  (33,113)  1,371 Income from unconsolidated joint ventures 12,678   15,448  46,437   52,262 (Loss) income before income taxes (4,108)  117,865  86,087   317,089 Income tax (benefit) provision (3,441)  23,516  22,222   75,081 Net (loss) income (667)  94,349  63,865   242,008 Less: preferred stock dividends 2,668   2,668  10,675   10,675 Net (loss) income available to common stockholders$(3,335) $91,681 $53,190  $231,333                                     Per share data:           Basic:           Net (loss) income per common share$(0.51) $13.84 $7.95  $34.40 Weighted average number of common shares outstanding 6,468   6,487  6,449   6,479 Assuming dilution:           Net (loss) income per common share$(0.51) $12.79 $7.43  $31.79 Weighted average number of common shares outstanding 6,468   7,017  6,892   7,007             (1) Includes inventory impairments and land option write-offs.  Hovnanian Enterprises, Inc.October 31, 2025Reconciliation of income before income taxes excluding land-related charges and loss (gain) on extinguishment of debt, net to (loss) income before income taxes(In thousands)                        Three Months Ended Year Ended
 October 31, October 31,
 2025  2024 2025  2024
 (Unaudited) (Unaudited)
(Loss) income before income taxes$(4,108) $117,865 $86,087  $317,089 Inventory impairments and land option write-offs 19,430   7,918  39,571   11,556 Loss (gain) on extinguishment of debt, net 33,512   -  33,113   (1,371)Income before income taxes excluding land-related charges and loss (gain) on extinguishment of debt, net (1)$48,834  $125,783 $158,771  $327,274             (1) Income before income taxes excluding land-related charges and loss (gain) on extinguishment of debt, net is a non-GAAP financial measure. The most directly comparable GAAP financial measure is (loss) income before income taxes. Hovnanian Enterprises, Inc.October 31, 2025Gross margin(In thousands)   Homebuilding Gross Margin Homebuilding Gross Margin   Three Months Ended Year Ended   October 31, October 31,   2025 2024 2025 2024    (Unaudited) (Unaudited)Sale of homes  $786,630 $927,499 $2,852,908 $2,875,488 Cost of sales, excluding interest expense and land charges (1)   658,528  726,491  2,360,888  2,241,749 Homebuilding gross margin, before cost of sales interest expense and land charges (2)   128,102  201,008  492,020  633,739 Cost of sales interest expense, excluding land sales interest expense   24,813  25,925  90,357  87,717 Homebuilding gross margin, after cost of sales interest expense, before land charges (2)   103,289  175,083  401,663  546,022 Land charges   19,430  7,918  39,571  8,903 Homebuilding gross margin  $83,859 $167,165 $362,092 $537,119               Homebuilding gross margin percentage   10.7%  18.0%  12.7%  18.7% Homebuilding gross margin percentage, before cost of sales interest expense and land charges (2)   16.3%  21.7%  17.2%  22.0% Homebuilding gross margin percentage, after cost of sales interest expense, before land charges (2)   13.1%  18.9%  14.1%  19.0%                  Land Sales Gross Margin Land Sales Gross Margin   Three Months Ended Year Ended   October 31, October 31,   2025 2024 2025 2024    (Unaudited) (Unaudited)Land and lot sales  $983 $26,974 $21,606 $42,757 Cost of sales, excluding interest (1)   -  8,846  10,475  21,635 Land and lot sales gross margin, excluding interest and land charges   983  18,128  11,131  21,122 Land and lot sales interest expense   -  125  618  2,090 Land and lot sales gross margin, including interest  $983 $18,003 $10,513 $19,032                             (1) Does not include cost associated with walking away from land options or inventory impairment losses which are recorded as Inventory impairment loss and land option write-offs in the Consolidated Statements of Operations.              (2) Homebuilding gross margin, before cost of sales interest expense and land charges, and homebuilding gross margin percentage, before cost of sales interest expense and land charges, are non-GAAP financial measures. The most directly comparable GAAP financial measures are homebuilding gross margin and homebuilding gross margin percentage, respectively. Hovnanian Enterprises, Inc.October 31, 2025Reconciliation of adjusted EBITDA to net (loss) income(In thousands) Three Months Ended Year Ended
 October 31, October 31,
 2025
  2024  2025  2024
 (Unaudited) (Unaudited)
Net (loss) income$(667) $94,349  $63,865  $242,008 Income tax (benefit) provision (3,441)  23,516   22,222   75,081 Interest expense 34,443   31,120   126,416   120,559 EBIT (1) 30,335   148,985   212,503   437,648 Depreciation and amortization 5,350   2,051   13,863   7,730 EBITDA (2) 35,685   151,036   226,366   445,378 Inventory impairments and land option write-offs 19,430   7,918   39,571   11,556 Loss (gain) on extinguishment of debt, net 33,512   -   33,113   (1,371)Adjusted EBITDA (3)$88,627  $158,954  $299,050  $455,563             Interest incurred$28,776  $34,199  $116,986  $128,777             Adjusted EBITDA to interest incurred 3.08   4.65   2.56   3.54                         (1) EBIT is a non-GAAP financial measure. The most directly comparable GAAP financial measure is net (loss) income. EBIT represents earnings before interest expense and income taxes. (2) EBITDA is a non-GAAP financial measure. The most directly comparable GAAP financial measure is net (loss) income. EBITDA represents earnings before interest expense, income taxes, depreciation and amortization. (3) Adjusted EBITDA is a non-GAAP financial measure. The most directly comparable GAAP financial measure is net (loss) income. Adjusted EBITDA represents earnings before interest expense, income taxes, depreciation, amortization, inventory impairments and land option write-offs and (loss) gain on extinguishment of debt, net.   Hovnanian Enterprises, Inc.October 31, 2025Interest incurred, expensed and capitalized(In thousands) Three Months Ended Year Ended  October 31, October 31,  2025 2024  2025  2024  (Unaudited) (Unaudited) Interest capitalized at beginning of period$48,139  $54,592  $57,671  $52,060 Plus: interest incurred 28,776   34,199   116,986   128,777 Less: interest expensed (34,443)  (31,120)  (126,416)  (120,559)Less: interest contributed to unconsolidated joint ventures (1) (322)  -   (6,091)  (5,468)Plus: interest acquired from unconsolidated joint ventures (2) 1,113   -   1,113   2,861 Interest capitalized at end of period (3)$43,263  $57,671  $43,263  $57,671             (1) Represents capitalized interest which was included as part of the assets contributed to joint ventures the company entered into during the three months and year ended October 31, 2025, and the year ended October 31, 2024. There was no impact to the Consolidated Statement of Operations as a result of these transactions. (2) Represents capitalized interest which was included as part of the assets acquired from joint ventures the company closed out during the three months and year ended October 31, 2025, and the year ended October 31, 2024. There was no impact to the Consolidated Statement of Operations as a result of these transactions. (3) Capitalized interest amounts are shown gross before the allocation of impairments, if any, to capitalized interest. Hovnanian Enterprises, Inc.October 31, 2025Reconciliation of Adjusted EBIT Return on Adjusted Investment(in thousands)           TTM    For the quarter ended ended    1/31/2025
  4/30/2025
  7/31/2025
  10/31/2025
  10/31/2025Net income (loss)   $28,191  $19,726  $16,615  $(667)  $63,865                             As of Five
Quarter  10/31/2024
  1/31/2025
  4/30/2025
  7/31/2025
  10/31/2025
  AverageTotal inventories $1,644,804  $1,666,490  $1,743,965  $1,692,932  $1,637,470  $1,677,132 Return on Inventory            3.8%                                       TTM   For the quarter ended ended    1/31/2025
  4/30/2025
  7/31/2025
  10/31/2025
  10/31/2025Net income (loss)   $28,191  $19,726  $16,615  $(667)  $63,865 Income tax provision (benefit)    11,672   6,804   7,187   (3,441)   22,222 Interest expense    28,873   29,083   34,017   34,443   126,416 EBIT (1)    68,736   55,613   57,819   30,335   212,503 Inventory impairments and land option write-offs    1,040   3,056   16,045   19,430   39,571 (Gain) loss on extinguishment of debt, net    -   (399)   -   33,512   33,113 Adjusted EBIT (2)   $69,776  $58,270  $73,864  $83,277  $285,187            As of     10/31/2024
  1/31/2025
  4/30/2025
  7/31/2025
  10/31/2025
   Total inventories $1,644,804  $1,666,490  $1,743,965  $1,692,932  $1,637,470   Less Liabilities from inventory not owned, net of debt issuance costs  (140,298)   (156,274)   (173,098)   (236,644)   (244,723)   Less Interest capitalized at end of period  (57,671)   (52,884)   (53,633)   (48,139)   (43,263)  FivePlus Investments in and advances to unconsolidated joint ventures  142,910   172,679   183,461   218,356   163,469  Quarter
AverageAdjusted Investment (3) $1,589,745  $1,630,011  $1,700,695  $1,626,505  $1,512,953  $1,611,982 Adjusted EBIT Return on Adjusted Investment (4)            17.7%                           (1) EBIT is a non-GAAP financial measure. The most directly comparable GAAP financial measure is net income (loss). EBIT represents earnings before interest expense and income taxes.
(2) Adjusted EBIT is a non-GAAP financial measure. The most directly comparable GAAP financial measure is net income (loss). Adjusted EBIT represents earnings before interest expense, income taxes, inventory impairments and land option write-offs and loss (gain) on extinguishment of debt, net.
(3) Adjusted Investment is a non-GAAP financial measure. The most directly comparable GAAP financial measure is total inventories. Adjusted Investment represents total inventories excluding liabilities from inventory not owned, net of debt issuance costs and interest capitalized and including investments in and advances to unconsolidated joint ventures.
(4) The ratio of Adjusted EBIT Return on Adjusted Investment is a non-GAAP financial measure. The most directly comparable GAAP financial measure is the ratio of net income (loss) to total inventories.
HOVNANIAN ENTERPRISES, INC. AND SUBSIDIARIES
CONDENSED CONSOLIDATED BALANCE SHEETS
(In thousands, except per share data)
(Unaudited)   October 31,  October 31,   2025  2024          ASSETS        Homebuilding:        Cash and cash equivalents $272,772  $209,976 Restricted cash and cash equivalents  12,608   7,875 Inventories:        Sold and unsold homes and lots under development  1,132,798   1,195,318 Land and land options held for future development or sale  171,793   238,499 Consolidated inventory not owned  332,879   210,987 Total inventories  1,637,470   1,644,804 Investments in and advances to unconsolidated joint ventures  163,469   142,910 Receivables, deposits and notes, net  26,454   29,400 Property and equipment, net  50,539   43,431 Prepaid expenses and other assets  89,773   82,525 Total homebuilding  2,253,085   2,160,921 Financial services  151,211   203,589 Deferred tax assets, net  229,617   241,064 Total assets $2,633,913  $2,605,574          LIABILITIES AND EQUITY        Homebuilding:        Nonrecourse mortgages secured by inventory, net of debt issuance costs $29,494  $90,675 Accounts payable and other liabilities  438,698   433,273 Customers’ deposits  46,376   41,639 Liabilities from inventory not owned, net of debt issuance costs  244,723   140,298 Senior notes and credit facilities (net of discounts, premiums and debt issuance costs)  900,718   896,218 Accrued interest  11,874   14,508 Total homebuilding  1,671,883   1,616,611 Financial services  130,873   183,135 Income taxes payable  222   5,479 Total liabilities  1,802,978   1,805,225          Equity:        Preferred stock, $0.01 par value - authorized 100,000 shares; issued and outstanding 5,600 shares with a liquidation preference of $140,000 at October 31, 2025 and October 31, 2024  135,299   135,299 Common stock, Class A, $0.01 par value - authorized 16,000,000 shares; issued 6,503,722 shares at October 31, 2025 and 6,415,794 shares at October 31, 2024  65   64 Common stock, Class B, $0.01 par value (convertible to Class A at time of sale) - authorized 2,400,000 shares; issued 812,410 shares at October 31, 2025 and 757,023 shares at October 31, 2024  8   8 Paid in capital - common stock  757,391   749,752 Retained earnings  127,326   74,136 Treasury stock - at cost – 1,348,087 shares of Class A common stock at October 31, 2025 and 1,090,179 shares at October 31, 2024; 27,669 shares of Class B common stock at October 31, 2025 and October 31, 2024  (189,154)  (158,910)Total equity  830,935   800,349 Total liabilities and equity $2,633,913  $2,605,574  HOVNANIAN ENTERPRISES, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF OPERATIONS
(In Thousands Except Per Share Data)
(Unaudited)  Three Months Ended October 31,  Year Ended October 31,   2025  2024  2025
 2024                  Revenues:                Homebuilding:                Sale of homes $786,630  $927,499  $2,852,908  $2,875,488 Land sales and other revenues  3,125   29,398   30,698   55,366 Total homebuilding  789,755   956,897   2,883,606   2,930,854 Financial services  28,149   22,741   94,975   74,064 Total revenues  817,904   979,638   2,978,581   3,004,918                  Expenses:                Homebuilding:                Cost of sales, excluding interest  658,528   735,337   2,371,363   2,263,384 Cost of sales interest  24,813   26,050   90,975   89,807 Inventory impairment loss and land option write-offs  19,430   7,918   39,571   11,556 Total cost of sales  702,771   769,305   2,501,909   2,364,747 Selling, general and administrative  51,275   56,071   212,362   202,486 Total homebuilding expenses  754,046   825,376   2,714,271   2,567,233                  Financial services  14,958   14,084   56,001   49,940 Corporate general and administrative  40,255   31,610   137,476   139,740 Other interest  9,630   5,070   35,441   30,752 Other (income) expenses, net (1)  (17,711)  1,081   (37,371)  (46,203)Total expenses  801,178   877,221   2,905,818   2,741,462 (Loss) gain on extinguishment of debt, net  (33,512)  -   (33,113)  1,371 Income from unconsolidated joint ventures  12,678   15,448   46,437   52,262 (Loss) income before income taxes  (4,108)  117,865   86,087   317,089 State and federal income tax provision (benefit):                State  5,351   (2,482)  12,521   10,851 Federal  (8,792)  25,998   9,701   64,230 Total income taxes  (3,441)  23,516   22,222   75,081 Net (loss) income  (667)  94,349   63,865   242,008 Less: preferred stock dividends  2,668   2,668   10,675   10,675 Net (loss) income available to common stockholders $(3,335) $91,681  $53,190  $231,333                  Per share data:                Basic:                Net (loss) income per common share $(0.51) $13.84  $7.95  $34.40 Weighted-average number of common shares outstanding  6,468   6,487   6,449   6,479 Assuming dilution:                Net (loss) income per common share $(0.51) $12.79  $7.43  $31.79 Weighted-average number of common shares outstanding  6,468   7,017   6,892   7,007  (1) Includes gain on consolidation of a joint venture of $18.9 million and $45.7 million for the years ended October 31, 2025 and 2024, respectively.

HOVNANIAN ENTERPRISES, INC.(DOLLARS IN THOUSANDS EXCEPT AVG. PRICE)(SEGMENT DATA EXCLUDES UNCONSOLIDATED JOINT VENTURES)   Contracts (1)DeliveriesContract  Three Months EndedThree Months EndedBacklog  October 31,October 31,October 31,  20252024% Change20252024% Change20252024% ChangeNortheast (2)                (DE, MD, NJ, OH, PA, VA, WV)Home 442 463(4.5)%  594 5792.6%  631 782(19.3)%  Dollars$244,509$279,076(12.4)% $320,675$365,115(12.2)% $383,131$531,481(27.9)%  Avg. Price$553,188$602,756(8.2)% $539,857$630,596(14.4)% $607,181$679,643(10.7)% Southeast (2)                (FL, GA, SC)Home 178 12938.0%  232 20612.6%  220 239(7.9)%  Dollars$85,156$72,70917.1% $118,915$98,00321.3% $127,668$121,9744.7%  Avg. Price$478,404$563,636(15.1)% $512,565$475,7437.7% $580,309$510,35113.7% West                (AZ, CA, TX)Home 589 763(22.8)%  700 962(27.2)%  391 628(37.7)%  Dollars$299,518$353,779(15.3)% $347,040$464,381(25.3)% $215,750$283,377(23.9)%  Avg. Price$508,520$463,6689.7% $495,771$482,7252.7% $551,790$451,23722.3% Consolidated Total                 Home 1,209 1,355(10.8)%  1,526 1,747(12.7)%  1,242 1,649(24.7)%  Dollars$629,183$705,564(10.8)% $786,630$927,499(15.2)% $726,549$936,832(22.4)%  Avg. Price$520,416$520,711(0.1)% $515,485$530,910(2.9)% $584,983$568,1213.0% Unconsolidated Joint Ventures (2) (3)                (excluding KSA JV)Home 241 21611.6%  285 23521.3%  275 403(31.8)%  Dollars$157,943$140,09012.7% $180,366$141,69827.3% $196,633$297,902(34.0)%  Avg. Price$655,365$648,5651.0% $632,863$602,9705.0% $715,029$739,211(3.3)% Grand Total                 Home 1,450 1,571(7.7)%  1,811 1,982(8.6)%  1,517 2,052(26.1)%  Dollars$787,126$845,654(6.9)% $966,996$1,069,197(9.6)% $923,182$1,234,734(25.2)%  Avg. Price$542,846$538,2900.8% $533,957$539,454(1.0)% $608,558$601,7221.1%  KSA JV Only                 Home 116 6870.6%  - 3(100.0)%  723 276162.0%  Dollars$27,469$17,34158.4% $-$429(100.0)% $175,777$64,360173.1%  Avg. Price$236,802$255,015(7.1)% $-$143,000(100.0)% $243,122$233,1884.3%  DELIVERIES INCLUDE EXTRASNotes:(1) Contracts are defined as new contracts signed during the period for the purchase of homes, less cancellations of prior contracts.(2) Reflects the reclassification of 22 homes and $14.4 million of contract backlog and 46 homes and $30.7 million of contract backlog as of October 31, 2025 from unconsolidated joint ventures to the consolidated Northeast and Southeast segments, respectively. This is related to the consolidation of the remaining assets and liabilities from an unconsolidated joint venture the Company closed out and two active selling communities from another unconsolidated joint venture that were consolidated during the three months ended October 31, 2025.(3) Represents home deliveries, home revenues and average prices for our unconsolidated homebuilding joint ventures for the period. We provide this data as a supplement to our consolidated results as an indicator of the volume managed in our unconsolidated homebuilding joint ventures. Our proportionate share of the income or loss of unconsolidated homebuilding and land development joint ventures is reflected as a separate line item in our consolidated financial statements under “Income from unconsolidated joint ventures”. HOVNANIAN ENTERPRISES, INC.(DOLLARS IN THOUSANDS EXCEPT AVG. PRICE)(SEGMENT DATA EXCLUDES UNCONSOLIDATED JOINT VENTURES)   Contracts (1)DeliveriesContract  Years EndedYears EndedBacklog  October 31,October 31,October 31,  20252024% Change20252024% Change20252024% ChangeNortheast (2) (3) (5)                (DE, MD, NJ, OH, PA, VA, WV)Home 1,795 1,809(0.8)%  1,968 1,64619.6%  631 782(19.3)%  Dollars$983,961$1,114,885(11.7)% $1,146,746$1,007,59613.8% $383,131$531,481(27.9)%  Avg. Price$548,168$616,299(11.1)% $582,696$612,148(4.8)% $607,181$679,643(10.7)% Southeast (2) (5)                (FL, GA, SC)Home 639 51723.6%  704 878(19.8)%  220 239(7.9)%  Dollars$324,393$279,43116.1% $349,448$447,804(22.0)% $127,668$121,9744.7%  Avg. Price$507,657$540,485(6.1)% $496,375$510,027(2.7)% $580,309$510,35113.7% West (4)                (AZ, CA, TX)Home 2,589 2,860(9.5)%  2,824 2,8240.0%  391 628(37.7)%  Dollars$1,290,351$1,367,203(5.6)% $1,356,714$1,420,088(4.5)% $215,750$283,377(23.9)%  Avg. Price$498,397$478,0434.3% $480,423$502,864(4.5)% $551,790$451,23722.3% Consolidated Total                 Home 5,023 5,186(3.1)%  5,496 5,3482.8%  1,242 1,649(24.7)%  Dollars$2,598,705$2,761,519(5.9)% $2,852,908$2,875,488(0.8)% $726,549$936,832(22.4)%  Avg. Price$517,361$532,495(2.8)% $519,088$537,675(3.5)% $584,983$568,1213.0% Unconsolidated Joint Ventures                (excluding KSA JV)Home 872 8216.2%  934 80316.3%  275 403(31.8)% (2) (3) (4) (5) (6)Dollars$564,259$561,0630.6% $621,608$528,61217.6% $196,633$297,902(34.0)%  Avg. Price$647,086$683,390(5.3)% $665,533$658,2961.1% $715,029$739,211(3.3)% Grand Total                 Home 5,895 6,007(1.9)%  6,430 6,1514.5%  1,517 2,052(26.1)%  Dollars$3,162,964$3,322,582(4.8)% $3,474,516$3,404,1002.1% $923,182$1,234,734(25.2)%  Avg. Price$536,550$553,118(3.0)% $540,360$553,422(2.4)% $608,558$601,7221.1%  KSA JV Only                 Home 448 27662.3%  1 50(98.0)%  723 276162.0%  Dollars$111,594$66,65167.4% $177$10,416(98.3)% $175,777$64,360173.1%  Avg. Price$249,094$241,4893.1% $177,000$208,320(15.0)% $243,122$233,1884.3%  DELIVERIES INCLUDE EXTRASNotes:(1) Contracts are defined as new contracts signed during the period for the purchase of homes, less cancellations of prior contracts.(2) Reflects the reclassification of 86 homes and $70.1 million of contract backlog and 13 homes and $10.6 million of contract backlog as of April 30, 2024 from the consolidated Northeast and Southeast segments, respectively, to unconsolidated joint ventures. This is related to the assets and liabilities contributed to a joint venture the company entered into during the three months ended April 30, 2024.
(3) Reflects the reclassification of 88 homes and $74.2 million of contract backlog as of July 31, 2024 from the unconsolidated joint ventures to the consolidated Northeast segment. This is related to the assets and liabilities acquired from a joint venture the company closed out during the three months ended July 31, 2024.
(4) Reflects the reclassification of 8 homes and $5.0 million of contract backlog as of January 31, 2025, from the consolidated West segment to unconsolidated joint ventures. This is related to the assets and liabilities contributed to the joint venture the company entered into during the three months ended January 31, 2025.
(5) Reflects the reclassification of 22 homes and $14.4 million of contract backlog and 46 homes and $30.7 million of contract backlog as of October 31, 2025 from unconsolidated joint ventures to the consolidated Northeast and Southeast segments, respectively. This is related to the consolidation of the remaining assets and liabilities acquired from an unconsolidated joint venture the Company closed out and two active selling communities from another unconsolidated joint venture that were consolidated during the three months ended October 31, 2025.
(6) Represents home deliveries, home revenues and average prices for our unconsolidated homebuilding joint ventures for the period. We provide this data as a supplement to our consolidated results as an indicator of the volume managed in our unconsolidated homebuilding joint ventures. Our proportionate share of the income or loss of unconsolidated homebuilding and land development joint ventures is reflected as a separate line item in our consolidated financial statements under “Income from unconsolidated joint ventures”. HOVNANIAN ENTERPRISES, INC.(DOLLARS IN THOUSANDS EXCEPT AVG. PRICE)(SEGMENT DATA UNCONSOLIDATED JOINT VENTURES ONLY)   Contracts (1)DeliveriesContract  Three Months EndedThree Months EndedBacklog  October 31,October 31,October 31,  20252024% Change20252024% Change20252024% ChangeNortheast (2)                (Unconsolidated Joint Ventures)Home 147 12022.5%  188 76147.4%  227 274(17.2)% (Excluding KSA JV)Dollars$104,335$83,85624.4% $118,858$57,427107.0% $163,213$212,370(23.1)% (DE, MD, NJ, OH, PA, VA, WV)Avg. Price$709,762$698,8001.6% $632,223$755,618(16.3)% $719,000$775,073(7.2)% Southeast (2)                (Unconsolidated Joint Ventures)Home 60 77(22.1)%  67 125(46.4)%  29 118(75.4)% (FL, GA, SC)Dollars$37,000$47,829(22.6)% $46,741$68,650(31.9)% $22,972$80,492(71.5)%  Avg. Price$616,667$621,156(0.7)% $697,627$549,20027.0% $792,138$682,13616.1% West                (Unconsolidated Joint Ventures)Home 34 1978.9%  30 34(11.8)%  19 1172.7% (AZ, CA, TX)Dollars$16,608$8,40597.6% $14,767$15,621(5.5)% $10,448$5,040107.3%  Avg. Price$488,471$442,36810.4% $492,233$459,4417.1% $549,895$458,18220.0% Unconsolidated Joint Ventures (2) (3)                (Excluding KSA JV)Home 241 21611.6%  285 23521.3%  275 403(31.8)%  Dollars$157,943$140,09012.7% $180,366$141,69827.3% $196,633$297,902(34.0)%  Avg. Price$655,365$648,5651.0% $632,863$602,9705.0% $715,029$739,211(3.3)%  KSA JV Only                 Home 116 6870.6%  - 3(100.0)%  723 276162.0%  Dollars$27,469$17,34158.4% $-$429(100.0)% $175,777$64,360173.1%  Avg. Price$236,802$255,015(7.1)% $-$143,000(100.0)% $243,122$233,1884.3%  DELIVERIES INCLUDE EXTRASNotes:(1) Contracts are defined as new contracts signed during the period for the purchase of homes, less cancellations of prior contracts.(2) Reflects the reclassification of 22 homes and $14.4 million of contract backlog and 46 homes and $30.7 million of contract backlog as of October 31, 2025 from unconsolidated joint ventures to the consolidated Northeast and Southeast segments, respectively. This is related to the consolidation of the remaining assets and liabilities acquired from an unconsolidated joint venture the Company closed out and two active selling communities from another unconsolidated joint venture that were consolidated during the three months ended October 31, 2025.
(3) Represents home deliveries, home revenues and average prices for our unconsolidated homebuilding joint ventures for the period. We provide this data as a supplement to our consolidated results as an indicator of the volume managed in our unconsolidated homebuilding joint ventures. Our proportionate share of the income or loss of unconsolidated homebuilding and land development joint ventures is reflected as a separate line item in our consolidated financial statements under “Income from unconsolidated joint ventures”. HOVNANIAN ENTERPRISES, INC.(DOLLARS IN THOUSANDS EXCEPT AVG. PRICE)(SEGMENT DATA UNCONSOLIDATED JOINT VENTURES ONLY)   Contracts (1)DeliveriesContract  Years EndedYears EndedBacklog  October 31,October 31,October 31,  20252024% Change20252024% Change20252024% ChangeNortheast (2) (3) (5)                (Unconsolidated Joint Ventures)Home 533 47312.7%  558 35756.3%  227 274(17.2)% (Excluding KSA JV)Dollars$354,749$361,468(1.9)% $389,471$266,56646.1% $163,213$212,370(23.1)% (DE, MD, NJ, OH, PA, VA, WV)Avg. Price$665,570$764,203(12.9)% $697,977$746,683(6.5)% $719,000$775,073(7.2)% Southeast (2) (5)                (Unconsolidated Joint Ventures)Home 254 257(1.2)%  297 340(12.6)%  29 118(75.4)% (FL, GA, SC)Dollars$164,762$156,2345.5% $191,533$209,504(8.6)% $22,972$80,492(71.5)%  Avg. Price$648,669$607,9146.7% $644,892$616,1884.7% $792,138$682,13616.1% West (4)                (Unconsolidated Joint Ventures)Home 85 91(6.6)%  79 106(25.5)%  19 1172.7% (AZ, CA, TX)Dollars$44,748$43,3613.2% $40,604$52,542(22.7)% $10,448$5,040107.3%  Avg. Price$526,447$476,49510.5% $513,975$495,6793.7% $549,895$458,18220.0% Unconsolidated Joint Ventures                (Excluding KSA JV)Home 872 8216.2%  934 80316.3%  275 403(31.8)% (2) (3) (4) (5) (6)Dollars$564,259$561,0630.6% $621,608$528,61217.6% $196,633$297,902(34.0)%  Avg. Price$647,086$683,390(5.3)% $665,533$658,2961.1% $715,029$739,211(3.3)%  KSA JV Only                 Home 448 27662.3%  1 50(98.0)%  723 276162.0%  Dollars$111,594$66,65167.4% $177$10,416(98.3)% $175,777$64,360173.1%  Avg. Price$249,094$241,4893.1% $177,000$208,320(15.0)% $243,122$233,1884.3%  DELIVERIES INCLUDE EXTRASNotes:(1) Contracts are defined as new contracts signed during the period for the purchase of homes, less cancellations of prior contracts.(2) Reflects the reclassification of 86 homes and $70.1 million of contract backlog and 13 homes and $10.6 million of contract backlog as of April 30, 2024 from the consolidated Northeast and Southeast segments, respectively, to unconsolidated joint ventures. This is related to the assets and liabilities contributed to a joint venture the company entered into during the three months ended April 30, 2024.
(3) Reflects the reclassification of 88 homes and $74.2 million of contract backlog as of July 31, 2024 from the unconsolidated joint ventures to the consolidated Northeast segment. This is related to the assets and liabilities acquired from a joint venture the company closed out during the three months ended July 31, 2024.
(4) Reflects the reclassification of 8 homes and $5.0 million of contract backlog as of January 31, 2025, from the consolidated West segment to unconsolidated joint ventures. This is related to the assets and liabilities contributed to the joint venture the company entered into during the three months ended January 31, 2025.
(5) Reflects the reclassification of 22 homes and $14.4 million of contract backlog and 46 homes and $30.7 million of contract backlog as of October 31, 2025 from unconsolidated joint ventures to the consolidated Northeast and Southeast segments, respectively. This is related to the consolidation of the remaining assets and liabilities acquired from an unconsolidated joint venture the Company closed out and two active selling communities from another unconsolidated joint venture that were consolidated during the three months ended October 31, 2025.
(6) Represents home deliveries, home revenues and average prices for our unconsolidated homebuilding joint ventures for the period. We provide this data as a supplement to our consolidated results as an indicator of the volume managed in our unconsolidated homebuilding joint ventures. Our proportionate share of the income or loss of unconsolidated homebuilding and land development joint ventures is reflected as a separate line item in our consolidated financial statements under “Income from unconsolidated joint ventures”.    Contact:Brad G. O’ConnorJeffrey T. O’Keefe Chief Financial OfficerVice President, Investor Relations 732-747-7800732-747-7800   

NEW YORK, NY / ACCESS Newswire / December 4, 2025 / Nixxy, Inc. (NASDAQ:NIXX) (member, Russell 3000E) ("Nixxy" or the "Company") today announces the appointment of Julia Yu as Chief Financial Officer, effective immediately. This marks an important and highly positive step for the Company as it prepares for the next phase of scale and anticipated growth heading into 2026. The Company also noted that the prior CFO consulting arrangement with Adam Yang concluded in accordance with its terms and thanks Mr. Yang for his leadership over the past year.

"Julia's appointment comes at exactly the right time for Nixxy," said Mike Schmidt, CEO of Nixxy, Inc. "We are entering a period of rapid, and we believe potentially explosive, growth as we expand our AI-native communications and data infrastructure platform. Julia brings the experience and discipline to help us scale intelligently, building the systems, controls, and financial efficiencies needed to support larger transactions, manage complexity, and drive long-term value creation for our shareholders."

Ms. Yu is a highly accomplished global finance executive with more than two decades of leadership experience across public companies and high-growth technology enterprises. Her background spans SEC reporting, IPO/SPAC readiness, public-company compliance, audit oversight, capital markets, M&A, and enterprise-wide financial transformation - skills that are directly aligned with Nixxy's strategy as it grows into 2026 and beyond.

She has previously served as CFO and Executive Board Director for public companies and technology firms, leading organizations through complex regulatory environments, scaling financial systems, and overseeing major strategic and operational initiatives. Earlier in her career, Ms. Yu held senior finance roles at ExxonMobil and Unilever, where she developed deep operational and global experience across enterprise functions.

Ms. Yu has partnered with global innovators including AWS, Stripe, NVIDIA, IBM, and Visa, supporting transformative initiatives in intelligent automation, payments modernization, cross-border infrastructure, enterprise AI adoption, and real-time financial platforms. She is recognized for enabling scalable growth, strengthening financial discipline, and aligning execution with long-term value creation, all of which Nixxy expects will be critical as the Company manages a larger, more complex business.

Her thought leadership has been featured in Fortune, and she mentors founders through Techstars and Startupbootcamp. Ms. Yu holds CPA, MBA, CIA, and CGMA designations and is a Six Sigma Black Belt.

With this appointment, Nixxy believes it is adding a key strategic leader to help navigate its next stage of growth, support increasing transaction volume, and reinforce the financial foundation needed to execute on its 2026 scaling plans.

About Nixxy, Inc. (NASDAQ: NIXX) a technology company at the forefront of AI-powered business services, powering the next generation of intelligent services. Anchored by its proprietary AI Infrastructure platform, Nixxy provides scalable, secure, and LLM-agnostic infrastructure for deploying private AI at scale. From global voice and messaging to AI-enhanced diagnostics, Nixxy delivers solutions where infrastructure, intelligence, and monetizable data converge. With a strategy focused on platform extensibility, data monetization, and data access models, Nixxy is building the foundation for the future of enterprise AI deployment and private data economy.

Filings and press releases can be found at http://www.nixxy.com/investor-relations.

Contact Information
Investor Contact: Nixxy, Inc.
Investor Relations Email: [email protected]
Phone: (877) 708-8868

Forward-Looking Statements Disclaimer

This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact are forward-looking statements, including those regarding the Company's business strategy, future operations, acquisition strategy, financial position, potential growth, spin-out transactions, and market opportunities. Words such as 'anticipates,' 'believes,' 'expects,' 'intends,' 'plans,' and 'will,' or similar expressions, are intended to identify forward-looking statements. These statements are based on the Company's current expectations and beliefs and involve significant risks and uncertainties that could cause actual results to differ materially from those expressed or implied by the forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements. The Company disclaims any obligation to update or revise forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law.

No Offer or Solicitation Disclaimer
This communication is for informational purposes only and is not intended to and does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended.

Risk Factors

Investors should carefully consider the risks associated with the Company's business, including but not limited to: the ability to successfully execute acquisitions and integrate acquired companies; the impact of technological changes on the Company's operations; and other risks detailed in the Company's filings with the Securities and Exchange Commission, including those risk factors contained in the Company's Form 10-K for the year ended December 31, 2024.

SOURCE: Nixxy, Inc.

Key Takeaways Investors eye a December rate cut as stabilizing data lift sentiment and boost picks like CCL.Positive economic reports and shrinking payrolls fuel expectations for further Fed easing.Earnings estimates for CCL, FUBO, RL and ROKU have risen over 60 days, signaling potential upside.
Signs of the economy becoming stable have lifted investors’ sentiment, leading to a rebound in stocks over the last two sessions. Concerns over the economy’s health and uncertainty over a rate cut by the Federal Reserve in December saw volatility return to Wall Street in November.

However, positive economic data have reinstated investors’ faith in the economy and raised hopes of another rate cut by the Fed in its December policy meeting.

Given this situation, it would be ideal to invest in consumer stocks that are likely to get a further boost during the holiday season. We have selected four stocks, namely, Carnival Corporation & plc (CCL - Free Report) , fuboTV Inc. (FUBO - Free Report) , Ralph Lauren Corporation (RL - Free Report) and Roku, Inc. (ROKU - Free Report) , for investors.

These stocks have seen positive earnings estimate revisions in the past 60 days, carry a Zacks Rank #2 (Buy), and are set for solid returns. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Rate Cut Hopes RiseHigh inflation had already been worrying investors, and a shrinking labor market over the past several months further raised concerns about a slowing economy that could eventually slip into a recession. However, some positive economic data over the past week have lifted investor confidence lately.

Wall Street rallied on Wednesday for the second straight day as investors regained faith in artificial intelligence stocks and a better-than-expected jobs data raised hopes of a December rate cut.  Payroll processor ADP’s report showed that private payrolls unexpectedly declined in November, with just 32,000 job additions, lower than the consensus estimate of 40,000.

Investors treated bad news as good news and started betting that a shrinking job market would lead the Federal Reserve to go ahead with another interest rate cut in December.  The Federal Reserve last cut interest rates by 25 basis points in October, saying that the move was to support a slowing jobs market despite inflation remaining above its 2% target.

Investors believe that the same reason will lead the Fed to another rate cut in December. Markets are now pricing in an 89.2% chance of a quarter percentage point rate cut by the Fed in its December FOMC meeting, according to the CME FedWatch Tool.

Also, inflation increased at a slower pace in September. The producer price index (PPI) showed that wholesale prices increased 0.3% sequentially in September. Core PPI, which excludes the volatile food and energy prices, rose 0.1% month over month in September, lower than the consensus estimate of a rise of 0.2%. This could give the Fed further confidence in going for a rate cut.

4 Consumer Discretionary Stocks With UpsideCarnival Corporation & plcCarnival Corporation & plc operates as a cruise and vacation company. As a single economic entity, CCL forms the largest cruise operator in the world. Carnival Corporation & plcis the world’s leading leisure travel firm and carries nearly half of the global cruise guests.

Carnival Corporation’s expected earnings growth rate for the current year is 52.8%. The Zacks Consensus Estimate for current-year earnings improved 1.4% over the last 60 days. CCL currently carries a Zacks Rank #2.

fuboTVfuboTV Inc. offers a sports-first live TV streaming platform as well as news and entertainment content. fuboTV is based in New York.

fuboTV’s expected earnings growth rate for the current year is more than 100%. The Zacks Consensus Estimate for current-year earnings has improved more than 100% over the past 60 days. FUBO currently carries a Zacks Rank #2.

Ralph Lauren CorporationRalph Lauren Corporation is a major designer, marketer and distributor of premium lifestyle products in North America, Europe, Asia and internationally. RL offers products in apparel, footwear, accessories, home furnishings, and other licensed product categories.

Ralph Lauren’s expected earnings growth rate for the current year is 25%. The Zacks Consensus Estimate for the current-year earnings has improved 3% over the past 60 days. RL has a Zacks Rank #2.

Roku, Inc. Roku, Inc. is the leading TV streaming platform provider in the United States, Canada and Mexico based on hours streamed.

Roku’s expected earnings growth rate for the current year is more than 100%. The Zacks Consensus Estimate for the current-year earnings has improved 83.3% over the past 60 days. ROKU has a Zacks Rank #2.

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At 24/7 Wall St., we have closely followed dividend-paying stocks for over 15 years. With a growing audience of savvy Baby Boomers and retirees seeking safe income ideas that deliver more than the 10-year Treasury bond’s 4% bi-annual dividend, we have screened hundreds of stocks, looking for recurring, dependable dividend payouts and a degree of safety that allows for a good night’s sleep. One group of stocks that we have always recommended is the Dividend Aristocrats. For dividend safety and reliability, they are among the best ideas for growth and income investors.

Investors seeking defensive companies that pay substantial dividends are drawn to the Dividend Aristocrats, and with good reason. The 66 companies that made the cut for the 2025 S&P 500 Dividend Aristocrats list have increased their dividends (not just maintained them) for 25 consecutive years. But the requirements go even further, with the following attributes also mandatory for membership on the aristocrats list:

Companies must be worth at least $3 billion for each quarterly rebalancing.
Average daily volume of at least $5 million transactions for every trailing three-month period at every quarterly rebalancing date.
They must be members of the S&P 500.

We screened the Dividend Aristocrats list for the five highest-yielding companies, and all five look like outstanding ideas for growth and income investors seeking dependable, growing dividends. All have a Buy rating at the top Wall Street firms we cover.

Why do we cover the Dividend Aristocrats?

S&P 500 companies that have paid and raised their dividends for 25 years or longer are the types that growth and income investors want to buy and hold in their stock portfolios for the long term. These stocks are mostly conservative, and should we see a dramatic market correction, they will likely keep their ground much better than volatile technology names.

Amcor
This company is an excellent idea as its products are always in demand and pays a 6.03% dividend. Amcor PLC (NYSE: AMCR) provides packaging solutions for consumer and healthcare products. The company develops sustainable packaging in flexible and rigid formats across multiple materials and operates through two segments.

The Flexibles segment consists of operations that manufacture flexible and film packaging in the food and beverage, medical and pharmaceutical, fresh produce, snack food, personal care, and other industries.

The Rigid Packaging segment consists of operations that manufacture rigid containers for a broad range of predominantly beverage and food products, including:

Carbonated soft drinks
Water
Juices
Sports drinks
Milk-based beverages
Spirits and wine
Sauces
Dressings
Spreads and personal care items
Plastic caps for a wide variety of applications

The company’s subsidiaries include Amcor Flexibles North America, Amcor UK Finance, and Amcor Finance (USA).

Morgan Stanley has an Overweight rating with a $11.50 target price.

Franklin Resources
Franklin Resources Inc. (NYSE: BEN) is among the most prominent global money managers. The firm markets mutual funds and institutional separate accounts under the Franklin, Templeton, and Mutual Series brands and pays a solid 5.81% dividend. At times, 50% of its sales are from outside the United States, an advantage given the maturing U.S. market.

Franklin Resources offers its products and services under the brands of:

Franklin
Templeton
Franklin Mutual Series
Franklin Bissett
Fiduciary Trust
Darby
Balanced Equity Management
K2
LibertyShares
Edinburgh Partners

The 2023 to 2025 bull market has been a strong tailwind for the company; however, the recent sell-off has made the shares appear incredibly cheap. While withdrawals from baby boomers may be a concern, the path forward in 2026 also appears solid, as the shares have rebounded from their April lows.

Goldman Sachs has a Buy rating with a $29 target price.

Realty Income
Realty Income Corp. (NYSE: O) is a real estate investment trust that invests in free-standing, single-tenant commercial properties. This is an ideal stock for growth and income investors seeking a safer, contrarian investment for the remainder of 2025, with a 5.66% monthly dividend. Realty Income is an S&P 500 company that provides stockholders with dependable monthly income.

The company acquires and manages freestanding commercial properties that generate rental income under long-term net-lease agreements with its commercial clients.

It is engaged in a single business activity: leasing property to clients, generally on a net basis. This business activity spans various geographic boundaries and encompasses a range of property types and clients across multiple industries.

The company owns or holds interests in approximately 15,621 properties in:

All 50 United States
The United Kingdom
France
Germany
Ireland
Italy
Portugal
Spain

With clients doing business in 89 industries, its property types include retail, industrial, gaming, and other sectors, such as agriculture and office.

Its primary industry concentrations include:

Grocery stores
Convenience stores
Dollar stores
Drug stores
Home improvement stores
Restaurants
Quick service

UBS has a Buy rating with a $66 price objective.

Target
Target Corp. (NYSE: TGT) is an American retail corporation with a chain of discount department stores and hypermarkets. This company remains a solid and safe retail total return play, and after a rough 2025, down almost 24%, it is a stellar buy, trading at 14 times forward earnings with a strong 5.20% dividend yield.

Target is a general merchandise retailer in the United States that offers apparel for women, men, boys, girls, toddlers, infants, and newborns, as well as jewelry, accessories, and shoes. The company also offers a range of beauty and personal care products, baby gear, cleaning supplies, paper products, and pet care products. It also provides:

Dry grocery, dairy, frozen food, beverages, candy, snacks, deli, bakery, meat, and food service
Electronics, which includes video game hardware and software
Toys, entertainment, sporting goods, and luggage
Furniture, lighting, storage, kitchenware, small appliances, home décor, bed, and bath
Home improvement
School/office supplies
Greeting cards, party supplies, and other seasonal merchandise

In addition, the company sells merchandise through periodic design and creative partnerships, shop-in-shop experiences, and in-store amenities. It also sells its products through its stores and digital channels, including Target.com.

The company suffered a “Bud Light” moment a few years back after a disastrous merchandising campaign for LGBTQ products, which struck a nerve among many shoppers. While not as severe as the beer giants’ conundrum, it was a significant negative that has seemingly subsided.

Evercore ISI has assigned a Positive rating and a $100 target price.

Hormel Foods
This American food processing company was founded in 1891 in Austin, Minnesota. With a very reliable dividend and many well-known products, Hormel Foods Corp. (NYSE: HRL) is a very safe investment now, offering a 5.02% dividend yield. The company develops, processes, and distributes various meat, nuts, and other food products to retail, food service, deli, and commercial customers in the United States and internationally.

It operates through three segments:

Retail
Food Service
International

Hormel is a Dividend King with over 50 years of dividend increases and is a consumer staples company focused on protein-based packaged foods. Its yield is historically high, and the Hormel Foundation’s oversight ensures dividend reliability. Reports indicate that it is restructuring its portfolio and cutting costs to improve performance.

The company provides various perishable products, including fresh meats, frozen items, refrigerated meal solutions, sausages, hams, guacamoles, and bacon, and shelf-stable products, including canned luncheon meats, nut butter, snack nuts, chili, shelf-stable microwaveable meals, hash, stews, tortillas, salsas, tortilla chips, nutritional food supplements, and others.

It sells its products under these brands:

Hormel
Always Tender
Applegate
Austin Blues
Bacon 1
Black Label
Bread Ready
Burke
Café H
Ceratti
Chi-Chi’s
Columbus
Compleats
Corn Nuts
Cure 81
Dan’s Prize
Di Lusso
Dinty Moore
Don Miguel
Doña Maria
Embasa
Fast N Easy
Fire Braised
Fontanini
Happy Little Plants
Herdez
Hormel Gatherings
Hormel Square Table
Hormel Vital Cuisine
House Of Tsang
Jennie-O
Justin’s
La Victoria
Layout
Lloyd’s
Mary Kitchen
Mr. Peanut
Natural Choice
Nut-Rition
Old Smokehouse
Oven Ready
Pillow Pack
Planters
Rosa Grande
Sadler’s Smokehouse
Skippy
Spam
Special Recipe
Thick & Easy
Valley Fresh
Wholly

J.P. Morgan has an Overweight rating and a $27 target price.

Our December High-Yield 6% Dividend Stocks Have Big Total Return Potential

December 04, 2025 09:30 ET

 | Source:

Nano One Materials Corp.

NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR THE DISSEMINATION, DISTRIBUTION, RELEASE OR PUBLICATION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES

VANCOUVER, British Columbia, Dec. 04, 2025 (GLOBE NEWSWIRE) -- Nano One Materials Corp. (TSX: NANO) (“Nano One” or the “Company”) is pleased to announce that it has priced its previously announced “commercially reasonable efforts” overnight marketed underwritten offering (the “Offering”) of units (the “Units”) of the Company.

Pursuant to the Offering, the Company intends to issue 4,650,000 Units at a price of C$1.40 per Unit (the “Offering Price”) for gross proceeds of approximately C$6.51 million. Each Unit shall be comprised of one common share of the Company (a “Unit Share”) and one-half of one common share purchase warrant (each whole warrant, a “Warrant”). Each Warrant shall be exercisable into one common share of the Company (a “Warrant Share”) for a period of 24 months from the Closing Date (as herein defined) at an exercise price of C$1.75 per Warrant Share, subject to adjustment in certain events.

The Offering is expected to be completed pursuant to an underwriting agreement (the “Underwriting Agreement”) to be entered into between the Company and Canaccord Genuity Corp. as lead underwriter and sole bookrunner (“Canaccord Genuity” or the “Lead Underwriter”), and a syndicate of underwriters including Roth Canada Inc. and Cormark Securities Inc. (collectively with the Lead Underwriter, the “Underwriters”). The Company has agreed to grant the Underwriters an over-allotment option (the “Over-Allotment Option”) exercisable, in whole or in part, in the sole discretion of the Lead Underwriter, to purchase up to an additional 15% of the number of Units sold in the Offering for up to 30 days from the closing date of the Offering. The Over-Allotment Option is exercisable to acquire Units, Unit Shares and/or Warrants (or any combination thereof) at the discretion of the Lead Underwriter.

The Units will be offered by way of a prospectus supplement (the “Prospectus Supplement”) to the Company’s base shelf prospectus dated April 26, 2024 (the “Base Shelf Prospectus”) to be filed in each of the provinces of Canada, except Quebec, and the Units may be also offered in the United States on a private placement basis pursuant to exemptions from the registration requirements of the United States Securities Act of 1933, as amended (the "1933 Act"), subject to receipt of all necessary regulatory approvals, including the approval of the Toronto Stock Exchange, and in those other jurisdictions outside of Canada and the United States, provided that no prospectus filing or comparable obligation arises in such other jurisdiction.

The net proceeds of the Offering are expected to be used for, business development activities, expansion of the Company’s Candiac facility, working capital and general corporate purposes.

The closing of the Offering is expected to occur on or about December 10, 2025 and will be subject to market and other customary closing conditions (the “Closing Date”).

The Base Shelf Prospectus is available under the Company’s profile on SEDAR+ at www.sedarplus.ca and upon the signing of the Underwriting Agreement, the Prospectus Supplement will be filed and available on SEDAR+ at www.sedarplus.ca. Alternatively, the Prospectus Supplement and accompanying Base Shelf Prospectus may be obtained free of charge and upon request by contacting the Company by email at [email protected].

This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. The securities being offered have not been, nor will they be, registered under the 1933 Act or under any U.S. state securities laws, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the 1933 Act, and applicable U.S. state securities laws.

About Nano One Materials Corp.

Nano One is a technology company changing how the world makes cathode active materials for lithium-ion batteries. Applications include stationary energy storage systems (ESS), portable electronics, and electric vehicles (EVs). The Company’s patented One-Pot process reduces costs, is easier-to permit, lowers energy intensity, environmental footprint, and reliance on problematic supply chains. The Company is supporting the drive towards energy security, supply chain resilience, industrial competitiveness and increased performance through process innovation. Production is being piloted and demonstrated in Candiac, Quebec, drawing on the existing plant and decades of commercial lithium-iron phosphate (LFP) manufacturing experience. Strategic collaborations and partnerships with international companies like Sumitomo Metal Mining, Rio Tinto, and Worley are supporting a design-one-build-many licensing growth strategy—delivering cost-competitive, easier-to-permit, and faster-to-market battery materials production solutions worldwide. Nano One has received funding from the Government of Canada, the Government of the United States, the Government of Québec, and the Government of British Columbia. For more information, please visit www.nanoOne.ca.

Company Contact

Paul Guedes

[email protected]

(604) 420-2041

Cautionary Note Regarding Forward-Looking Statements

This press release may contain statements that may be deemed to be "forward-looking statements" within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, included herein are forward-looking information, including, but not limited to, statements regarding the anticipated terms of the Offering, the anticipated entry into the Underwriting Agreement and the anticipated terms thereof, the exercise of the Over-Allotment Option, the anticipated timing of the closing of the Offering, the anticipated use of the net proceeds of the Offering, the anticipated filing of the Prospectus Supplement and the anticipated offering of Units in the United States or any other jurisdiction pursuant to the Offering. Generally, forward-looking information may be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "proposed", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases, or by the use of words or phrases which state that certain actions, events or results may, could, would, or might occur or be achieved. This forward-looking information reflects Nano One’s current beliefs and is based on information currently available to Nano One and on assumptions we believes are reasonable. These assumptions include, but are not limited to assumptions regarding: the Offering, including, but not limited to the terms of the Offering, the entry into the Underwriting Agreement and the terms thereof, the exercise of the Over-Allotment Option, the timing of the closing of the Offering, the use of the net proceeds of the Offering, the filing of the Prospectus Supplement and the offering of Units in the United States or any other jurisdiction pursuant to the Offering; changes to market conditions; changes to the regulatory climate; and such other factors and risks as disclosed in the Company’s most recent annual information form, management’s discussion and analysis and other documents filed from time to time under the Company’s profile on SEDAR+ at www.sedarplus.ca. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance, or achievements of the Company or its subsidiaries to be materially different from those expressed or implied by such forward-looking information. Such risks and uncertainties may include, but are not limited to: prevailing capital markets conditions, general business, economic, competitive, political and social uncertainties, changes in legislation, and lack of qualified, skilled labor or loss of key individuals. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated, or intended. Accordingly, readers should not place undue reliance on forward-looking information. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

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.

MESA, ARIZONA / ACCESS Newswire / December 4, 2025 / Medical Care Technologies Inc. (OTC PINK:MDCE) today announced a strategic acceleration of its core mission in artificial intelligence-driven health and wellness technology. With Infinite Auctions (www.infiniteauctions.com) operating since 2016 and Real Game Used (www.realgameused.com) since 2017, both subsidiaries continue to provide brand strength, domain expertise, and emerging revenue that support MDCE's broader AI vision.

Leveraging the stability of these proven business units, MDCE is now shifting focus back to the parent company to build and launch a catalog of AI-based mobile applications centered on medical pre-screening, nutrition, wellness, and food intelligence - areas with significant global demand.

"Infinite Auctions and Real Game Used as long-term pillars will support our AI ambitions," said Marshall Perkins III, CEO of Medical Care Technologies Inc. "Now we are accelerating into the next phase: scalable applications designed to enhance personal health and everyday decision-making worldwide."

MDCE's first release enters the high-growth food and recipe AI market - a multi-billion-dollar mobile app category that impacts nearly every adult globally. The company sees this product as the foundation for expanding into deeper consumer health improvements through AI.

About Medical Care Technologies Inc.

Medical Care Technologies Inc. (www.medicalcaretechnologies.com, www.mdcestock.com) develops AI-powered technology focused on consumer wellness, nutritional insight, and preventive screening. Supported by its established subsidiaries Infinite Auctions and Real Game Used, the Company is expanding its innovation pipeline to improve health outcomes through accessible artificial intelligence.

Safe Harbor Statement

This press release includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those expressed due to risks and uncertainties.

Contact:

Investor Relations
Medical Care Technologies Inc.
[email protected]
Website: www.mdcestock.com

SOURCE: Medical Care Technologies Inc. (OTC Pink:MDCE)

Partner Reed Kathrein Investigating Whether Management Misrepresented Provision Trends and Lending Risk

, /PRNewswire/ -- National shareholder rights law firm Hagens Berman has launched an investigation into potential securities law violations by Klarna Group plc (NYSE: KLAR) following the company's recent Q3 2025 financial results. The disappointing results revealed a staggering increase in the provision for credit losses.  The company has seen a decline of approximately 23.6% from its initial public offering (IPO) price of $40.00 per share on September 9, 2025.

The investigation focuses on whether Klarna misled investors about the risks attendant to its aggressive push into the Fair Financing offering, which drove the massive provision increase and is potentially at odds with the company's prior assurances regarding its lending risk metrics in the Offering Documents.

"A core issue in the IPO setting is transparency with investors. When a company's provision for credit losses spikes 102% year-over-year, it calls into question whether that risk had already materialized by the time of the IPO," said Reed Kathrein, the Hagens Berman partner leading the investigation. "We are specifically focused on the disclosures surrounding the 139% growth in the Fair Financing portfolio and whether management adequately warned investors that this push would negate prior low provision metrics.  The firm urges investors in Klarna who suffered significant losses to contact the firm now to discuss their rights."

Legal Analysis: Provision for Credit Losses Disclosure Gap

Hagens Berman's investigation focuses on whether Klarna failed to properly disclose the significant, adverse impact that its Fair Financing growth would have on its provision for credit losses, rendering prior statements about its low risk profile misleading.

Financial Metric / Event

Disclosure & Specific Figure

Legal Focus

Q3 2025 Provision

Provision for Credit Losses increased by 102% year-over-year.

Whether the Offering Documents misled investors about expected provision trends and lending risk.

Lending Risk Profile

Provision as a percentage of GMV rose to 0.72% (38% higher than the prior 12-month period).

Whether the Offering Documents obscured credit loss risk attached to Gross Merchandise Volume (GMV) growth.

Causation

The increases were "driven by the upfront provisions" required to book the 139% growth in the Fair Financing portfolio.

Whether the Offering Documents failed to properly disclose the direct, adverse impact of aggressive Fair Financing expansion on company financial health.

Next Steps: Contact Partner Reed Kathrein Today

If you invested in Klarna (KLAR) and suffered significant losses, you may have legal options.

Mr. Kathrein and the firm's investor fraud team are actively advising investors who suffered losses following the November 18, 2025, disclosure of the provision increases.

TO SUBMIT YOUR KLAR LOSSES NOW, PLEASE USE THE SECURE FORM BELOW:

Submit Your KLAR Losses Now
Contact: Reed Kathrein at 844-916-0895 or email [email protected]
Visit: https://www.hbsslaw.com/cases/klarna-group-plc-klar-investigation

Whistleblowers: Persons with non-public information regarding Klarna should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at 844-916-0895 or email [email protected].

About Hagens Berman
Hagens Berman is a global plaintiffs' rights complex litigation firm focusing on corporate accountability. The firm is home to a robust practice and represents investors as well as whistleblowers, workers, consumers and others in cases achieving real results for those harmed by corporate negligence and other wrongdoings. Hagens Berman's team has secured more than $2.9 billion in this area of law. More about the firm and its successes can be found at hbsslaw.com. Follow the firm for updates and news at @ClassActionLaw. 

SOURCE Hagens Berman Sobol Shapiro LLP

Also from this source

Key Takeaways ONDS ended Q3 with strong liquidity, including $840.4M in pro forma cash.Cash supports expansion in autonomous systems and fuels multiple recent acquisitions.OAS revenues jumped to $10M with a $22.2M backlog, signaling sustained demand momentum.
Ondas Holdings ((ONDS - Free Report) ) closed the third quarter of 2025 with a robust balance sheet. As of Sept. 30, 2025, Ondas had $433.4 million in cash, cash equivalents and restricted cash, and has raised $855 million since June to support its aggressive expansion plans. After adjusting for $407 million in net proceeds from an Oct. 7 equity raise and cash used for operations and M&A, ONDS’ pro forma cash balance reached $840.4 million, with stockholders' equity rising to $894 million.

This level of cash pile is nearly unmatched for a company of Ondas’ size and positions it strongly as it expands the defense and autonomous systems operations. The autonomous and unmanned systems, defense and security markets, according to management, are now at an “inflection point,” shifting from technology development to widespread platform adoption. Management noted that access to “low-cost capital” allows ONDS to “move decisively, scale efficiently and lead confidently” across these fast-growing verticals.

ONDS is deploying significant funds to boost the performance of the Ondas Autonomous Systems (“OAS”) unit, its fastest-growing business unit, which delivered $10 million of revenues in the third quarter, up from just $1 million in the year-ago quarter. The OAS had a backlog of $22.2 million at the end of the third quarter, driven by strong demand trends for Optimus and Iron Drone systems. Consolidated backlog stood at $23.3 million, and it reached $40 million, including acquisitions. ONDS noted that the customer pipeline remains strong and expects to end 2025 with further backlog expansion.

With ample cash, ONDS has resorted to aggressive M&A that expands its multi-domain capabilities like unmanned ground systems, robotics and fiber optic communications, subsurface intelligence and demining robotics. In the past few months, it has acquired Sentrycs, Apeiro Motion, Zickel, among others and recently announced an agreement to buy Roboteam, which specializes in multi-mission tactical ground robotics.

Image Source: Zacks Investment Research

Another major initiative funded through this capital is Ondas Capital, launched in September. This new business division is solely focused on boosting the deployment of unmanned/autonomous systems to Allied defense and security markets.

However, challenges remain. Increasingly crowded drone space and ballooning operating expenses as it builds leadership teams and infrastructure to support growth pose concerns for ONDS. The challenge ahead will be converting this financial strength into operational performance and profitability expansion.

Financial Resources for Other Drone CompaniesDraganfly ((DPRO - Free Report) ) is a Canada-based drone solutions and systems developer. It has 5-plus drone systems that are all NDAA-compliant. As the United States and NATO aggressively eliminate non-compliant Chinese systems from critical infrastructure, this compliance advantage becomes a moat. The company’s cash balance at the end of the third quarter of 2025 was C$69.9 million with minimal debt. Total assets also jumped to C$77 million due to higher cash.

On the earnings call, management noted that it was “burning about $1.5 million a month” and there was no “acute” requirement to raise cash. It is focused on acquisitions, but not necessarily around technology/products, but more focused on the people, added DPRO.

Unusual Machines ((UMAC - Free Report) ) is well-positioned within the evolving drone industry through its focus on manufacturing and selling (through B2B sales and a curated retail channel) small drones and essential components. The FPV segment is UMAC’s core operational area within the drone industry. At the end of the third quarter of 2025, UMAC had a cash balance of $64.3 million, which included a $48.5 million equity raise in July. It again raised an additional $72 million in gross proceeds from the ATM at $15.46/share and cash in hand swelled to $130 million.

UMAC held $16.8 million in short-term investments as of Sept. 30. Management noted that though the company had a profitable quarter, it was not cash flow positive. UMAC targets to sustain positive cash flow, and expects $30 million in annual revenues to reach there, which it expects in the latter half of 2026.

ONDS Price Performance, Valuation and EstimatesShares of ONDS have jumped 55.4% in the past three months against the Communication-Network software industry’s decline of 8.4%.

Image Source: Zacks Investment Research

In terms of the forward 12-month price/sales ratio, ONDS’ shares are trading at 29.26X, higher than the industry’s 2.04X.

Image Source: Zacks Investment Research

The Zacks Consensus Estimate for ONDS earnings for 2025 has been revised 9.4% upwards over the past 60 days.

Image Source: Zacks Investment Research

ONDS currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Rivian’s new R2 SUV could be the catalyst to drive Rivian stock higher.

Getty Images for It's Good x Rivian

Recall Tesla (NASDAQ:TSLA) before the Model 3 and Model Y? It was a high-end, relatively niche brand. The Model S and X, priced over $80,000, couldn't achieve the necessary scale. Then, the revolutionary Model 3 arrived, lowering the price point, unlocking significant volume, and launching Tesla into becoming the dominant force in the EV market.

Now, let’s introduce Rivian (NASDAQ:RIVN). The company is at a critical threshold, similar to where Tesla found itself. Although its R1T pickup and R1S SUV have received high praise for their quality and utility, they belong to a high-price niche. The enormous uncertainty—and potential opportunity—hinges on one model: Can the forthcoming $45,000 R2 mass-market SUV effectively follow the ‘Tesla Playbook’ and possibly double the company’s value?

Is owning RIVN stock precarious? Certainly. High Quality Portfolio helps reduce that risk.

The Tesla Playbook: Scaling To ThriveRivian’s offerings have been well-received, and the company has effectively figured out the blueprint for the EV pickup—an area where Tesla’s Cybertruck has so far generated more excitement than actual success. The long-term positive scenario relies on Rivian's capacity to grow beyond its niche premium vehicles and broaden its market reach. Currently, Rivian markets vehicles that retail for $70,000 and above.That represents a minuscule market.

The Model 3/Y Parallel: Prior to the Model 3, Tesla appeared as a luxury item for the affluent with the X and S models. The Model 3 reduced the cost to around $40k, enabling Tesla to sell millions rather than just thousands of vehicles.Rivian’s Pivot: The R2 is aiming for a $45,000 starting price. This transition shifts Rivian from competing with Range Rovers to competing with the Toyota RAV4, Honda CR-V, and Tesla Model Y—the largest vehicle category in the world.Survival: Rivian cannot continue existing solely by selling pricey trucks. They require the considerable revenue generated by the R2 to cover their fixed costs (such as factories and R&D).Rivian Has An Edge Over The Model The Tesla Model Y is presently the best-selling vehicle globally, yet it has drawbacks: including its “jelly bean” design and off-road performance.Differentiation: The R2 is being designed as the “Rugged Alternative.” It has a boxy, sturdy appearance, reminiscent of a traditional SUV (think mini-Land Rover)Smarter Manufacturing: Avoiding “Production Hell”This is the area of risk. Tesla nearly faced bankruptcy while attempting to manufacture the Model 3 due to over-automating too swiftly. Rivian seems to be learning from some of Tesla's errors.

Simpler Design: The R1 (the current truck) is over-engineered and costly to produce. The R2 adopts “Zonal Architecture,” which significantly diminishes wiring and the need for computer chips, thereby making the vehicle cheaper and quicker to assemble.Structural Battery: The battery pack is the vehicle's floor. This innovation reduces components and weight, a strategy Tesla was the first to implement to cut costs. These fundamental technological advancements render the vehicle lighter, less expensive to manufacture, and more easily updated via software.The Factory Strategy: Rivian initially intended to construct a large new factory in Georgia for the R2. To conserve cash (and mitigate risk), they have halted plans for Georgia and opted to commence R2 production in their existing Illinois facility.This cautious decision saves them $2.25 billion right away.The Path To A 2x Stock UpsideMass-Market Revenue Scale: Though short-term growth may be slower (with a consensus of 8% for FY’25), the introduction of the R2 platform is anticipated to awaken sales. Consensus forecasts a sales growth of approximately 28% in the upcoming year. If growth reaches 35% annually after 2026, revenue could ascend to approximately $13 billion by 2028.Margins Improvement: By leveraging the partnership with Volkswagen to cut costs, Rivian is aiming for a Bill of Materials (BOM) of only $32,000 per R2 vehicle. This, in conjunction with overhead reductions, is pivotal for achieving healthier gross margins. By 2028, enhanced factory utilization and improved fixed-cost absorption might elevate adjusted net margins to 10%. On $13 billion in revenue, this would result in $1.3 billion in Net Income (comparable to Tesla's profitability profile during its consolidation period).The Valuation Multiple: Even applying a conservative 30x P/E multiple (a small fraction of Tesla’s approximately 260x), the $1.3 billion in earnings would suggest a $40 billion market cap. This valuation implies around a 2x upside from current levels.The Trefis High Quality (HQ) Portfolio, featuring a selection of 30 stocks, has a history of consistently outperforming its benchmark, which encompasses all three indices: the S&P 500, S&P mid-cap, and Russell 2000. What accounts for this? As a collective, HQ Portfolio stocks have delivered superior returns with lower risk compared to the benchmark index, providing a smoother experience, as illustrated in HQ Portfolio performance metrics.

ATHENS, Greece, Dec. 04, 2025 (GLOBE NEWSWIRE) -- Diana Shipping Inc. (NYSE: DSX), (the “Company”), a global shipping company specializing in the ownership and bareboat charter-in of dry bulk vessels, today announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Stone Shipping Ltd, for one of its Ultramax dry bulk vessels, the m/v DSI Pollux. The gross charter rate is US$14,750, minus a 5.00% commission paid to third parties, for a period until minimum January 1, 2027 up to maximum February 28, 2027. The charter is expected to commence on December 8, 2025. The m/v DSI Pollux is currently chartered to Bunge SA, Geneva, at a gross charter rate of US$14,000 per day, minus a 5.00% commission paid to third parties.

The “DSI Pollux” is a 60,446 dwt Ultramax bulk vessel built in 2015.

The Company also announced that, through a separate wholly-owned subsidiary, it has entered into a time charter contract with Western Bulk Carriers AS, for one of its Ultramax dry bulk vessels, the m/v DSI Andromeda. The gross charter rate is US$14,600, minus a 5.00% commission paid to third parties, for a period until minimum April 1, 2027 up to maximum May 31, 2027. The charter is expected to commence on December 7, 2025. The m/v DSI Andromeda was chartered, as previously announced, to Cargill Ocean Transportation (Singapore) Pte. Ltd., at a gross charter rate of US$14,000 per day, minus a 4.75% commission paid to third parties.

The “DSI Andromeda” is a 60,309 dwt Ultramax bulk vessel built in 2016.

The employments of “DSI Pollux” and “DSI Andromeda” are anticipated to generate a total of approximately US$12.60 million of gross revenue for the minimum scheduled period of the time charters.

Diana Shipping Inc.’s fleet currently consists of 36 dry bulk vessels (4 Newcastlemax, 8 Capesize, 4 Post-Panamax, 6 Kamsarmax, 5 Panamax and 9 Ultramax). The Company also expects to take delivery of two methanol dual fuel new-building Kamsarmax dry bulk vessels by the second half of 2027 and the first half of 2028, respectively. As of today, the combined carrying capacity of the Company’s fleet, excluding the two vessels not yet delivered, is approximately 4.1 million dwt, with a weighted average age of 12.03 years. A table describing the current Diana Shipping Inc. fleet can be found on the Company’s website, www.dianashippinginc.com. Information contained on the Company’s website does not constitute part of this press release.

About the Company

Diana Shipping Inc. is a global provider of shipping transportation services through its ownership and bareboat charter-in of dry bulk vessels. The Company’s vessels are employed primarily on short to medium-term time charters and transport a range of dry bulk cargoes, including such commodities as iron ore, coal, grain and other materials along worldwide shipping routes.

Cautionary Statement Regarding Forward-Looking Statements

Matters discussed in this press release may constitute forward-looking statements. The Private Securities Litigation Reform Act of 1995 provides safe harbor protections for forward-looking statements in order to encourage companies to provide prospective information about their business. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts.

The Company desires to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe harbor legislation. The words “believe,” “anticipate,” “intends,” “estimate,” “forecast,” “project,” “plan,” “potential,” “may,” “should,” “expect,” “pending” and similar expressions identify forward-looking statements.

The forward-looking statements in this press release are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without limitation, Company management’s examination of historical operating trends, data contained in the Company’s records and other data available from third parties. Although the Company believes that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies that are difficult or impossible to predict and are beyond the Company’s control, the Company cannot assure you that it will achieve or accomplish these expectations, beliefs or projections.

In addition to these important factors, other important factors that, in the Company’s view, could cause actual results to differ materially from those discussed in the forward-looking statements include the strength of world economies and currencies, general market conditions, including fluctuations in charter rates and vessel values, changes in demand for dry bulk shipping capacity, changes in the Company’s operating expenses, including bunker prices, drydocking and insurance costs, the market for the Company’s vessels, availability of financing and refinancing, changes in governmental rules and regulations or actions taken by regulatory authorities, tariff policies and other trade restrictions, potential liability from pending or future litigation, general domestic and international political conditions, including risks associated with the continuing conflict between Russia and Ukraine and related sanctions, potential disruption of shipping routes due to accidents or political events, including the escalation of the conflict in the Middle East, vessel breakdowns and instances of off-hires and other factors. Please see the Company’s filings with the U.S. Securities and Exchange Commission for a more complete discussion of these and other risks and uncertainties. The Company undertakes no obligation to revise or update any forward-looking statement, or to make any other forward-looking statements, whether as a result of new information, future events or otherwise.

Corporate Contact:
Ioannis Zafirakis 
Director, Co-Chief Financial Officer, 
Chief Strategy Officer, 
Treasurer and Secretary 
Telephone: + 30-210-9470-100 
Email:

[email protected] Website:

www.dianashippinginc.com X: @Dianaship

                                 Investor Relations/Media Contact:
Nicolas Bornozis / Daniela Guerrero 
Capital Link, Inc. 
230 Park Avenue, Suite 1540 
New York, N.Y. 10169 
Tel.: (212) 661-7566 
Email:

[email protected]

About Angela Harmantas
Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, including Canada, the US, Australia, Brazil, Ghana, and South Africa for leading trade publications. Previously, she worked in investor relations and led the foreign direct investment program in Canada for the Swedish government. She earned a Bachelor of... Read more

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