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Day: February 20, 2025

VGP’s Full Year Results 2024

20 February 2025, 7:00 am, Antwerp, Belgium: VGP NV (‘VGP’ or ‘the Group’), a European provider of high-quality logistics and semi-industrial real estate, today announces the results for the full year ended 31 of December 2024:A net profit of  € 287 million, an increase of € 200 million or 229% versus FY’23. Net asset value growth of 8.4%, up to € 2.4 billion. EBITDA growth of 57% with solid contribution from recurring rental business1 activities of € 204.3 million (+19%), from development activities in amount of € 144.8 million (+178%) and in renewable energy of € 5.4 million (+236%). A historic record of € 91.6 million of new and renewed leases signed during the year bringing the annualised committed leases at year end to € 412.6 million2, an increase of + 17.6%. 34 projects under construction representing 780,000 sqm (of which...

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ForFarmers 2024 results: Volume growth and significant improvement in profitability

Lochem, 20 February 2025 ForFarmers 2024 resultsVolume growth and significant improvement in profitability Pieter Wolleswinkel, CEO of ForFarmers, said: “With solid volume growth and significant improvement in profitability, 2024 was an exceptionally good year for ForFarmers. We further strengthened our market positions by maintaining a strong customer focus and responding flexibly to the specific needs of livestock farmers across different markets. This approach, combined with a continuous focus on cost awareness, contributed significantly to profitability. Favorable external factors, such as limited impact from animal diseases, also had a positive impact compared to 2023. We took important strategic steps that increased our position in growing and attractive markets. In Poland, for example, we strengthened our market position with the...

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FLSmidth 2024 Annual Report: Improved profitability and solid progress on key transformation efforts

COMPANY ANNOUNCEMENT NO. 1-2025 20 February 2025, Copenhagen, DenmarkToday, FLSmidth’s Board of Directors approved the Annual Report for 2024. Highlights in 2024:Mining Service order intake increased by 2% compared to 2023 reflecting continued stability of mining service market Additional improvements in underlying profitability with Mining Adjusted EBITA margin of 13.1% Cement order intake decreased by 22% compared to reflecting recent divestments and continued pruning of the product portfolio Cement Adjusted EBITA margin of 9.1% resulting from successful execution of strategic initiatives Group EBITA margin of 9.8% and net result of DKK 1,030m – the highest levels in more than a decade Better-than-expected cash flow performance with cash flow from operations of DKK 640m Continued progression on all our science-based sustainability...

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SBM Offshore Full Year 2024 Earnings

Amsterdam, February 20, 2025 Record-level results, increasing total shareholder returns HighlightsRecord Directional1 Revenue of US$6.1 billion (+35%), in line with guidance Record Directional EBITDA of US$1.9 billion (+44%), in line with guidance Record US$35.1 billion Directional backlog; US$9.5 billion or EUR51.6/share2 Directional net cash backlog3 30% increase in cash return to US$1.59 per share4: US$155 million dividend5; US$150 million share repurchase6 US$1.7 billion cash return to shareholders over the coming 6 years 2025 Directional Revenue guidance of above US$4.9 billion 2025 Directional EBITDA guidance of around US$1.55 billion Completion of FPSO Prosperity and Liza Destiny sales in Q4 2024 FPSO Almirante Tamandaré achieved first oil on February 15, 2025SBM Offshore’s 2024 Annual Report can be found on its website under:...

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Teck Reports Unaudited Fourth Quarter Results for 2024

Record annual copper production and $1.8 billion returned to shareholders this year VANCOUVER, British Columbia, Feb. 20, 2025 (GLOBE NEWSWIRE) — Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (Teck) today announced its unaudited fourth quarter results for 2024. “2024 was a transformational year as we repositioned Teck as a pure-play energy transition metals company with the sale of the steelmaking coal business and record annual copper production,” said Jonathan Price, President and CEO. “Our copper production in the fourth quarter set a new quarterly production record with strong performance at QB, and we continued to return cash to shareholders through share buybacks and dividends that totaled $1.8 billion in 2024. Our strong financial position, ongoing returns to shareholders and value accretive...

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Harju Elekter Group financial results, 1-12/2024

The fourth-quarter results of Harju Elekter continued to be affected by low order volumes. Although the decline in orders could be foreseen as early as the spring of 2024, it had a larger-than-expected impact on fourth-quarter revenue, which declined significantly. The decline in revenue presented a challenge in terms of covering overhead costs and maintaining profitability. However, further reductions in overhead costs, in particular staff costs, would have affected competence and limited opportunities for the sustainable growth of business volumes. Nevertheless, the group continues to operate in savings mode, carefully considering each expense and investment. On the positive side, the volume of sales orders increased in the fourth quarter. As previously predicted, its impact will not be noticeable until the peak production season, which...

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Diversified Energy Announces Pricing of Offering of Ordinary Shares

BIRMINGHAM, Ala., Feb. 19, 2025 (GLOBE NEWSWIRE) — Diversified Energy Company PLC (LSE: DEC; NYSE: DEC) (“Diversified” or the “Company“), an independent energy company focused on natural gas and liquids production, transportation, marketing and well retirement, today announces the pricing of its previously announced underwritten public offering (the “Offering”) of 8,500,000 ordinary shares (the “Shares”) at a public offering price of $14.50 per Share for total gross proceeds of approximately $123.3 million. The Offering is expected to settle on February 21, 2025, subject to customary closing conditions. In addition, Diversified has granted the underwriters a 30-day option to purchase up to an additional 850,000 ordinary shares at the public offering price, less underwriting discount. Citigroup and Mizuho are acting...

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Taseko Reports 2024 Fourth Quarter and Annual Earnings

This release should be read with the Company’s Financial Statements and Management Discussion & Analysis (“MD&A”), available at www.tasekomines.com and filed on www.sedarplus.com. Except where otherwise noted, all currency amounts are stated in Canadian dollars. In March 2024 Taseko acquired the remaining 12.5% interest and now owns 100% of the Gibraltar Mine, located north of the City of Williams Lake in south-central British Columbia. Production and sales volumes stated in this release are on a 100% basis unless otherwise indicated.VANCOUVER, British Columbia, Feb. 19, 2025 (GLOBE NEWSWIRE) — Taseko Mines Limited (TSX: TKO; NYSE American: TGB; LSE: TKO) (“Taseko” or the “Company”) reports full year 2024 Adjusted EBITDA* of $224 million and Earnings from mining operations before...

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First National Bank Alaska announces unaudited results for fourth quarter and full year 2024

ANCHORAGE, Alaska, Feb. 19, 2025 (GLOBE NEWSWIRE) — First National Bank Alaska’s (OTCQX:FBAK) net income for the fourth quarter of 2024 was $19.9 million, or $6.29 per share. This compares to a net income of $16.6 million, or $5.24 per share, for the same period in 2023. “Fourth quarter results concluded another year of strong financial performance in 2024,” said First National Board Chair and CEO/President Betsy Lawer. “Growth in both loans and customer deposits along with repositioning efforts in the securities portfolio enhanced the balance sheet. Growth in noninterest income along with outstanding expense management resulted in record-high net income. As we build on the momentum generated in 2024, I’m excited about where our recently expanded leadership team will take us to further help Alaskans shape a brighter tomorrow.” Loans...

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Calibre Reports 2024 Financial Results; 2025 Set to be a Transformational Year as the Multi-Million Ounce Valentine Gold Mine, Canada Advances to First Gold During Q2, 2025

VANCOUVER, British Columbia, Feb. 19, 2025 (GLOBE NEWSWIRE) — Calibre Mining Corp. (TSX: CXB; OTCQX: CXBMF) (“Calibre” or the “Company”) announces financial and operating results for the three months (“Q4”) and full year ended December 31, 2024 (“FY 2024”). Consolidated Q4 and FY 2024 filings can be found at www.sedarplus.ca and on the Company’s website at www.calibremining.com. All figures are expressed in U.S. dollars unless otherwise stated. Darren Hall, President and Chief Executive Officer of Calibre, stated: “Calibre delivered a record Q4 consolidated gold production of 76,269 ounces, and full year 2024 production of 242,487 ounces, surpassing the revised 2024 annual production guidance. As of February 15, 2025, the year is off to a strong start with consolidated production trending 15% higher than budget and cash increased...

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