Fortrea (NasdaqGS:FTRE) Q4 2025 Earnings call February 26, 2026 08:00 AM ET Speaker9Good day. Thank you for standing by. Welcome to the Fortrea Q4 and full year 2025 earnings conference call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question-and-answer session. To ask a question during the session, you will need to press star one one on your telephone. You will hear an automated message advising your hand is raised. To withdraw your question ...

GoodRx (NasdaqGS:GDRX) Q4 2025 Earnings call February 26, 2026 08:00 AM ET Speaker9Ladies and gentlemen, thank you for standing by, and welcome to the GoodRx fourth quarter and full year 2025 earnings call. As a reminder, today's conference is being recorded. I would like now to introduce your host for today's call, Aubrey Reynolds, Director of Investor Relations. Ms. Reynolds, you may begin.Speaker1Thank you, Operator. Good morning, everyone, and welcome to GoodRx's earnings conference call for the fourth ...

Butterfly Network (NYSE:BFLY) Q4 2025 Earnings call February 26, 2026 08:00 AM ET Speaker2Hello, everyone, thank you for joining the Butterfly Network Inc. Q4 and FY 2025 earnings call. My name is Gabrielle, I will be coordinating your call today. During the presentation, you can register a question by pressing Star followed by 1 on your telephone keypad. If you change your mind, please press Star followed by 2 on your telephone keypad. I will now hand over to your host, John Doherty. Please go ahead.Speake ...

Lantheus (NasdaqGM:LNTH) Q4 2025 Earnings call February 26, 2026 08:00 AM ET Speaker10Good morning. Welcome to Lantheus' fourth quarter and full year 2025 conference call. All lines have been placed on mute. This call is being recorded. A replay will be available in the Investors section of the company's website approximately two hours after the completion of the call, and will be archived for at least 30 days. I'll now turn the call over to Mark Guarnieri, Vice President of Investor Relations. Mark?Speaker ...

Warner Bros. Discovery (NasdaqGS:WBD) Q4 2025 Earnings call February 26, 2026 08:00 AM ET Speaker5Ladies and gentlemen, welcome to the Warner Bros. Discovery fourth quarter and full year 2025 earnings conference call. At this time, all participant lines are in a listen-only mode. After the speaker's presentation, there will be a question and answer session. Additionally, please be advised that today's conference call is being recorded. I would now like to hand the conference over to Mr. Peter Lee, Senior Vi ...

Financial Data and Key Metrics Changes - In 2025, the company achieved a cash flow from operations (CFFO) of EUR 12.5 billion, which was EUR 1.5 billion ahead of plan on a scenario-adjusted basis [7] - Pro forma adjusted EBIT for Q4 was EUR 2.9 billion, up 6% year-on-year, despite lower oil prices and a weaker dollar [8] - Full-year production reached 1.728 million barrels per day, 2% above guidance, with Q4 production at 1.839 million barrels per day, up 7% year-on-year [8][9] - The company reduced gross CapEx from EUR 9 billion to EUR 8.5 billion, with net CapEx on a pro forma basis lower than EUR 5 billion [7][10] Business Line Data and Key Metrics Changes - The global natural resources segment saw a 4% increase in underlying production, with a reserves replacement ratio above 160% [3] - Transition activities generated EUR 2 billion of EBITDA, with a contribution of EUR 5.8 billion from private equity firms [5] - The industrial transformation segment delivered EBIT above EUR 1 billion for the fourth consecutive year, despite a softer market [4] Market Data and Key Metrics Changes - The company discovered 900 million barrels of new resources in 2025, reaffirming its industry-leading track record [4] - The biofuel market is expected to see demand exceed 20 million in 2026, driven by regulatory changes in Europe and the U.S. [75] Company Strategy and Development Direction - The company plans to continue its focus on organic growth in upstream operations, leveraging exploration successes and partnerships [12] - The strategy remains unchanged, emphasizing operational efficiency and disciplined capital alignment [12][13] - The company is advancing its energy transition programs, including CCS, fusion, and battery storage [13] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to navigate challenges in the energy market while capturing growth opportunities [6] - The outlook for 2026 includes a focus on maintaining low gearing levels and a commitment to shareholder distributions [11][12] - Management highlighted the importance of maintaining a robust financial position to manage market cycles [6] Other Important Information - The company raised its share buyback program by 20% to EUR 1.8 billion, reflecting a commitment to enhancing shareholder returns [8][12] - The company expects to limit gross CapEx to around EUR 7 billion in 2026, with net CapEx at around EUR 5 billion [11] Q&A Session Questions and Answers Question: Outlook for the joint venture with PETRONAS - Management indicated that the joint venture is expected to contribute to production, with a target of reaching 500,000 barrels per day in the coming years [17][18] Question: CapEx guidance and deconsolidation of Indonesia - Management confirmed that the reduction in CapEx is due to optimization strategies and not a reduction in growth [25][26] Question: Biofuel trading environment in 2026 - The company anticipates a constructive development in the biofuel market, driven by regulatory changes and increased demand [75] Question: Impact of Italian energy reform - Management noted that the impact of the energy reform is slightly negative but marginal, given the company's diverse activities [50] Question: Update on offshore Libya drilling - Management confirmed that drilling is ongoing and results will be announced when available [96]

Financial Data and Key Metrics Changes - In Q4 2025, revenues were $221.7 million, a decrease from $244.6 million in Q3 2025 and an increase from $195.4 million in Q4 2024 [17] - Gross profit was $15.4 million, compared to $9.7 million in Q3 2025 and a gross loss of $65.3 million in Q4 2024 [17] - EBITDA for 2025 was $1.7 million, a significant improvement from a negative $337 million in 2024 [26] - Net loss attributable to shareholders narrowed to $170.5 million in 2025 from $345 million in 2024 [25] - Cash balance at the end of 2025 was $980 million, an increase from $551.6 million at the end of Q3 2025 [26] Business Line Data and Key Metrics Changes - Polysilicon production for Q4 2025 was 42,181 metric tons, aligning with guidance [10] - Sales volume for Q4 2025 reached 38,167 metric tons, with total sales volume for 2025 at 126,707 metric tons [6][10] - Average selling prices (ASPs) for polysilicon decreased by 7.2% from $5.66 per kilogram in 2024 to $5.25 per kilogram in 2025 [6] Market Data and Key Metrics Changes - China's newly installed solar PV capacity grew 14% year-over-year to 317 gigawatts in 2025 [14] - The overall polysilicon production volume fell by 28.4% to 1.32 million metric tons in 2025, while market prices surged more than 50% from mid-2025 lows [13] Company Strategy and Development Direction - The company aims to strengthen its competitive edge through advancements in high-efficiency N-type technology and cost optimization via digital transformation and AI adoption [14] - The focus is on transitioning from price-based competition to value-driven differentiation, supported by government initiatives to tackle overcapacity [12][13] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the sector's long-term growth prospects, citing the company's position as one of the world's lowest-cost producers of high-quality N-type polysilicon [14] - The company anticipates a gradual recovery in the market, with expectations for production volumes in 2026 to be between 140,000 metric tons and 170,000 metric tons [11] Other Important Information - The company has implemented proactive measures to mitigate market oversupply, operating at a nameplate capacity utilization rate of 55% [9] - Total production costs declined by 9% to $5.83 per kilogram in Q4 2025, with cash costs reaching a record low of $4.46 per kilogram [10][11] Q&A Session Summary Question: Potential buyback strategy - Management is monitoring share repurchase as part of capital allocation strategy but is waiting for clarity on policy implementation before proceeding [31] Question: Industry consolidation outlook - Management sees recent acquisitions by peers as strategic decisions reflecting confidence in the sector and is open to opportunities that create value [34] Question: Key milestones for policy implementation - Management indicated that clarity on policy details is still pending, and further developments will be monitored closely [42] Question: Pricing outlook for Q1 and Q2 - Management expects prices to remain around RMB 53-54 per kilogram, as mandated by the Pricing Law [47][85] Question: Free cash flow expectations - Management anticipates further improvement in free cash flow in 2026, building on positive trends from 2025 [87]

D-Wave Quantum (NYSE:QBTS) Q4 2025 Earnings call February 26, 2026 08:00 AM ET Speaker13Good morning, everyone, and welcome to D-Wave's fourth quarter fiscal year 2025 earnings conference call. Today's conference call is being recorded. At this time, I would like to turn the call over to Kevin Hunt, Senior Director of Investor Relations. Please go ahead.Speaker10Thank you and good morning. With me today are Dr. Alan Baratz, our Chief Executive Officer, and John Markovich, our Chief Financial Officer. Before ...

Celsius (NasdaqCM:CELH) Q4 2025 Earnings call February 26, 2026 08:00 AM ET Speaker7Hello, everyone. Thank you for joining us, welcome to the Celsius Holdings Fourth Quarter 2025 Earnings Conference Call. After today's prepared remarks, we will host a question-and-answer session. If you would like to ask a question, please press star one on your telephone keypad. To withdraw your question, press star one again. I will now hand the call over to Paul Wiseman, Investor Relations. Please go ahead.Speaker8Good m ...

BeOne Medicines (NasdaqGS:BGNE) Q4 2025 Earnings call February 26, 2026 08:00 AM ET Speaker10Good day, everyone. Welcome to BeOne Medicines Q4 and full year 2025 earnings call webcast. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question and answer session. At this time, I would like to turn the call over to the company.Speaker3Hello and welcome. Thanks for joining us today. I'm Dan Maller, Head of Investor Relations at BeOne Medicines. Be ...