NEO celebrates Class of 2025 at 104th commencement
Officials say the ceremony recognized students from each academic division for their excellence and commitment to success, and featured remarks from the CEO of Oklahoma State System of Higher Education Chancellor Sean Burrage and Jason Ramsey, CEO of the Oklahoma State University A&M Board of Regents, who both spoke at the event.
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NEO's 2024-2025 academic year had 400 graduates, with 230 of those graduates walking across the stage to get their diplomas.
'Commencement is the most inspiring day of the year at Northeastern Oklahoma A&M College,' said NEO President Dr. Kyle J. Stafford. 'It is a celebration of perseverance, purpose, and potential. Our graduates leave here prepared to make a difference and ready to take the next step – whether entering the workforce or continuing their education at a university. We are proud of them, and we know their dreams are just beginning.'
NEO officials extend their congratulations to the graduates and wish them continued success.
Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
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Yahoo
2 days ago
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Neo Performance Materials Reports Second Quarter 2025 Results
Neo Raises Full Year Guidance on Strong First Half-Year Performance TORONTO, Aug. 12, 2025 /CNW/ - Neo Performance Materials Inc. ("Neo") (TSX: NEO) (OTCQX: NOPMF) reported today its second quarter 2025 financial results. The financial statements and management's discussion and analysis ("MD&A") for the three and six months ended June 30, 2025, are available at and on SEDAR+ at All financial amounts in this news release and the Company's financial disclosures are in United States dollars, unless otherwise stated. "Neo delivered strong second quarter results, with Adjusted EBITDA up 42% year-over-year. Our performance for the first half of 2025 is ahead of expectations and reflects strong execution across the business. The results were driven by continued strength in our key end markets and solid operational performance across all our segments, including 31% volume growth in Magnequench. Given our strong first-half performance and our business outlook, we are raising our full-year Adjusted EBITDA guidance to a range of $64.0 to $68.0 million," said Rahim Suleman, Neo's President and Chief Executive Officer. "Our performance provides a strong foundation to execute on our clear strategic path, which is anchored by the long-term growth opportunity in rare earth permanent magnets," Suleman said. "Our European permanent magnet facility has been recognized on the global stage at the recent G7 Summit and continues to attract incredible customer interest, demonstrated by the award of an additional traction motor program. This multi-year agreement is expected to generate $50 million in cumulative revenue, and we are focused on disciplined execution to deliver long-term value for shareholders." Key Takeaways Strong Adjusted EBITDA Growth: Neo delivered $19.0 million and $36.1 million in Adjusted EBITDA for three and six months ended June 30, 2025, marking a 41.6% and 49.5% increase, respectively, from the same periods last year. Neo Raises Full Year 2025 Adjusted EBITDA Guidance: Neo has increased its 2025 Adjusted EBITDA outlook to $64.0 to $68.0 million (up from $55.0 to $60.0 million) based on strong first-half performance, while continuing to leverage its global supply chain to manage risks and capture opportunities amid shifting geopolitical conditions. Neo's Permanent Magnet Highlighted at G7 Summit Emphasizing Need for Geographic Diversification: In June 2025, Neo's Made-in-Europe permanent magnet was showcased by EU Commission President Ursula von der Leyen during the 2025 G7 Summit in Kananaskis, Alberta. The President noted the strong global cooperation in building resilient critical material supply chains. Neo Wins Additional Tier 1 and OEM Customer Award in Europe: In July 2025, Neo was awarded the supply contract for a new platform of permanent rare earth magnets with an additional European Tier 1 supplier of EV traction motors to another major original equipment manufacturer ("OEM"), demonstrating Neo's reputation as a preferred supplier. Neo Announces Grand Opening Date of European Permanent Magnet Facility in September 2025: Construction of the European Permanent Magnet facility remains on track and on budget, with the grand opening scheduled for September 2025, where Neo expects to host an international audience of leadership representatives from government, investors, suppliers, media, and broader stakeholder institutions. In the second quarter, the facility shipped its first sintered magnet samples matching customer-defined specifications. Heavy Rare Earth Pilot Line Commences Construction at the Silmet Facility: Neo started construction of a heavy rare earth pilot line at its Silmet facility. The mini-production line is planned to produce dysprosium and terbium, capable of supplying the newly constructed European Permanent Magnet facility during its ramp-up phase in addition to serving other users and end-markets. This initiative serves as a precursor to a potential full-scale commercial production line, adding heavy rare earth capabilities to the light rare earths already separated by Neo in Europe. Strategic Review Concludes, Reinforcing Neo's Long-term Growth Strategy: Following a recommendation from Neo's Special Committee of independent directors, the board has resolved to accelerate the implementation of Neo's strategic plan. This approach will prioritize strengthening Neo's established leadership position in rare earth magnetics and critical materials and drive a transformative and value-maximizing strategy for Neo, as evidenced by Neo's efforts towards its European Permanent Magnet facility. Neo's strategic plan will continue to achieve enhancements in its cost of capital, and its long-term return on capital, which includes Neo re-establishing a normal course issuer bid in June 2025. __________________________________________ (1)Neo reports non-IFRS measures such as "Adjusted Net Income", "Adjusted Earnings per Share", "Adjusted EBITDA", "Adjusted EBITDA Margin" and "EBITDA". Please see information on this and other non-IFRS measures in the "Non-IFRS Measures" section of this new release and in the MD&A, available on Neo's website at and on SEDAR+ at Q2 Financial Highlights Revenue for Q2 2025 was $114.7 million, compared to Q2 2024 revenue of $107.5 million. On a first-half basis, 2025 revenue was $236.3 million compared to $229.6 million in 2024. Operating income for Q2 2025 was $8.2 million, compared to Q2 2024 operating income of $5.8 million. On a first-half basis, 2025 operating income was $17.8 million, compared to $11.8 million in 2024. Adjusted Net Income(1) for Q2 2025 was $7.8 million, or $0.19 earnings per share, compared to Q2 2024 Adjusted Net Income(1) of $5.3 million or $0.13 earnings per share. For the six months ended June 30, 2025, Adjusted Net Income was $11.4 million, or $0.27 earnings per share, compared to Adjusted Net Income of $5.6 million, or $0.14 earnings per share for the first six months of 2024. Adjusted EBITDA reached $19.0 million for Q2 2025 and $36.1 million for the six months ended June 30, 2025, compared to $13.4 million and $24.2 million, respectively, in the prior year period. This drove a corresponding improvement in Adjusted EBITDA margin to 16.5% for the quarter and 15.3% for the first half, which represents gains of 400 and 480 basis points over the prior-year periods, respectively. For the six months ended June 30, 2025, Neo used $22.8 million in cash from operating activities, which includes the impact of the European patent settlement, increased accounts receivable from customer sales timing, and strategic inventory held due to geopolitical risks. Neo had $80.3 million in cash and $93.6 million in gross debt on its balance sheet as of June 30, 2025. Neo invested $10.2 million in capital expenditures for the six months ended June 30, 2025 mainly comprised of $4.9 million for the construction of the new permanent magnet facility in Europe. For the six months ended June 30, 2025, Neo distributed $6.1 million in dividends to Neo's shareholders and repurchased $2.3 million of common shares for cancellation, which began on June 11, 2025. A quarterly dividend of CAD$0.10 per common share was declared on August 7, 2025, for shareholders of record on September 16, 2025, with a payment date of September 26, 2025. Solid Business Performance Magnequench: Delivered a strong second quarter of 2025, with volumes up 30.9% and Adjusted EBITDA improving by 23% over the same quarter last year. The solid performance was driven by continued execution in strategic growth areas, including bonded magnets and bonded powders in traction motor applications, as well as increased demand as customers built inventory reserves in response to supply concerns and geopolitical risks. Magnequench continues to capitalize on key growth areas while optimizing its cost structure through a reduction in conversion cost, driving improved profitability. Key news and highlights this quarter include: Magnequench advances European magnetics strategy with new award and facility milestones - additionally securing a new supply platform in July 2025. Bonded Magnets and Powders quarterly volumes up 36% and 30%, respectively, from the prior year. Adjusted EBITDA of $7.6 million and $14.2 million, respectively, for the three and six months ended June 30, 2025 was up 23% and 16% versus the same periods last year. C&O: Delivered substantial gains in the second quarter of 2025 with Adjusted EBITDA improving by 105% over the same quarter last year. With the completion of C&O's new emissions control catalyst facility and the sale of the Chinese separation facilities in March 2025, C&O is well positioned for continued success. Key news and highlights this quarter include: Emissions catalyst volumes for the quarter were up 11% from the prior year, which reflects substantial progress towards management's target of double-digit growth as previously laid out. Wastewater treatment volumes for the quarter were up 23% from the prior year. Continued progress on heavy rare earth separation pilot line in Europe, remaining on budget and on schedule with construction underway. Adjusted EBITDA of $5.4 million and $12.3 million, respectively, for the three and six months ended June 30, 2025 was up 105% and 441% compared to the same periods last year. Rare Metals: Delivered ahead of expectations, the business continues to deliver strong operational execution and financial performance across all of its facilities, while benefiting from market tailwinds across many of its critical material products amid rising geopolitical tension. Key news and highlights this quarter include: Hafnium volumes continued to grow with strong end market demand, combining with further tailwinds driven by increased U.S. tariffs, causing customers to accelerate purchases and build inventory. This was offset by lower prices and margins as hafnium prices have now retreated from previous all-time highs. The gallium business continues to see strong demand and higher prices amidst regulatory tailwinds. Neo continues to be the only gallium recycler and upgrader in North America. Adjusted EBITDA of $10.8 million and $19.4 million, respectively, for the three and six months ended June 30, 2025 was up 22% and 8% versus the same periods last year. Neo continues to demonstrate robust growth and strategic advancements in the second quarter of 2025. With significant improvements in Adjusted EBITDA across all segments, successful completion of major projects, and new contracts secured, Neo is well-positioned for the rest of 2025. Looking ahead, the Company remains committed to leveraging its global supply chain, driving innovation, and delivering value to stakeholders. Conference Call Neo's second quarter 2025 financial results webcast and conference calls details are provided below. Webcast / Conference Call Details: Date: Tuesday, August 12, 2025 Time: 10:00 AM ET | 7:00 AM PT Listen Only Webcast: Webcast Link Conference call: 1-416-945-7677 (local) or 1-888-699-1199 (toll-free long distance) or by visiting Dial-in Link and completing the online registration form. Once registered, you will receive the dial-in information and a unique PIN to join the call. A replay of the webcast will be available by clicking on the webcast LINK above and will be archived on the Company's website for a limited time. Non-IFRS Financial Measures This new release refers to certain specified financial measures, including non-IFRS financial measures and ratios such as "EBITDA", "Adjusted EBITDA", "Adjusted EBITDA Margin", "Adjusted Net Income", "Adjusted Earnings per Share", "Debt to Adjusted EBITDA", "Free Cash Flow", "Free Cash Flow conversion", "Net Debt", and "Gross Margin". These specified financial measures are not recognized measures under IFRS, do not have a standardized meaning prescribed by IFRS, and may not be comparable to similar measures presented by other companies. Rather, these specified financial measures are provided as additional information to complement IFRS financial measures by providing further understanding of Neo's results of operations from management's perspective. Neo's definitions of non-IFRS measures used in this presentation may not be the same as the definitions for such measures used by other companies in their reporting. Specified financial measures such as non-IFRS measures and ratios have limitations as analytical tools and should not be considered in isolation nor as a substitute for analysis of Neo's financial information reported under IFRS. Neo uses specified financial measures to provide investors with supplemental measures of its base-line operating performance and to eliminate items that have less bearing on operating performance or operating conditions and thus highlight trends in its core business that may not otherwise be apparent when relying solely on IFRS financial measures. Neo believes that securities analysts, investors and other interested parties frequently use specified financial measures such as non-IFRS financial measures and ratios in the evaluation of issuers. Neo's management also uses non-IFRS financial measures and ratios to facilitate operating performance comparisons from period to period. Readers are cautioned that these measures should not be construed as an alternative to their nearest or directly comparable financial measures determined in accordance with IFRS as an indication of Neo's financial performance. For further information on how Neo defines such specified financial measures, including non-IFRS financial measures and ratios and, where applicable, their reconciliations to the nearest comparable IFRS measures, please see the "Non-IFRS Financial Measures" section of Neo's MD&A for the three and six months ended June 30, 2025, which is hereby incorporated by reference into this news release, and at and on SEDAR+ at About Neo Performance Materials Neo manufactures the building blocks of many modern technologies that enhance efficiency and sustainability. Neo's advanced industrial materials – magnetic powders, rare earth magnets, magnetic assemblies, specialty chemicals, metals, and alloys – are critical to the performance of many everyday products and emerging technologies. Neo's products fast-forward technologies for the net-zero transition. The business of Neo is organized along three segments: Magnequench, Chemicals & Oxides and Rare Metals. Neo is headquartered in Toronto, Ontario, Canada; with corporate offices in Greenwood Village, Colorado, United States; Singapore; and Beijing, China. Neo has a global platform that includes manufacturing facilities located in China, Germany, Canada, Estonia, Thailand and the United Kingdom, as well as one dedicated research and development centre in Singapore. For more information, please visit Cautionary Statements Regarding Forward Looking Statements This news release contains "forward-looking information" within the meaning of applicable securities laws in Canada. Forward-looking information may relate to future events or future performance of Neo. All statements in this news release, other than statements of historical facts, with respect to Neo's objectives and goals, as well as statements with respect to its beliefs, plans, objectives, expectations, anticipations, estimates, and intentions are forward-looking information. Specific forward-looking information in this presentation include, but are not limited to: expectations regarding certain of Neo's future results and information, including, among other things, revenue, expenses, growth prospects, capital expenditures, and operations; risk factors relating to national or international economies, geopolitical risk and other risks present in the jurisdictions in which Neo, its customers, its suppliers, and/or its logistics partners operate; statements with respect to current and future market trends that may directly or indirectly impact sales and revenue of Neo, including but not limited to the price of rare earth elements; expected use of cash balances; continuation of prudent management of working capital; source of funds for ongoing business requirements and capital investments; expectations regarding sufficiency of the allowance for uncollectible accounts and inventory provisions; analysis regarding sensitivity of the business to changes in exchange rates and changes in rare earth prices; impact of recently adopted accounting pronouncements; risk factors relating to intellectual property protection and intellectual property litigation; expectations regarding demand for fan motors and superalloys; expectations regarding the growth of superconductor materials; anticipated completion and launch of Neo's new PM facility in Europe and related commercial production estimates, forecasted budget, commissioning and costs associated with the facility; targeted reductions in SG&A Neo's requalified product portfolio, including the NAMCO product portfolio, and continued product qualification expected in 2025; anticipated final costs associated with the NAMCO project; expectations regarding tariffs and export controls; securing new automotive customer agreements for PM and emissions control facilities; expectations concerning the continued growth of the Magnequench project and improvements in C&O expectations concerning any remediation efforts to Neo's design of its internal controls over financial reporting and disclosure controls and procedures; and Neo's 2025 guidance, including Neo's 2025 Adjusted EBITDA guidance and the assumptions relating thereto. Often, but not always, forward-looking information can be identified by the use of words such as "plans", "expects", "is expected", "budget", "scheduled", "estimates", "continues", "forecasts", "projects", "predicts", "intends", "anticipates" or "believes", or variations of, or the negatives of, such words and phrases, or state that certain actions, events or results "may", "could", "would", "should", "might" or "will" be taken, occur or be achieved. This information involves known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking information. Additionally, Neo's 2025 guidance reflects Neo's expectations as to financial performance in 2025 based on assumptions which Neo believes to be reasonable as of the date of this presentation, including but not limited to continued Magnequench growth, significant improvements in C&O, exiting lower-margin separation assets, strong hafnium demand despite pricing moderation, continued reduction in SG&A expenses, expectations regarding tariffs and export restrictions; securing new automotive customer agreements for PM and emissions control facilities; expectations concerning the continued growth of the Magnequench project and improvements in C&O. Neo believes the expectations reflected in such forward-looking information are reasonable, but no assurance can be given that these expectations will prove to be correct and such forward-looking information included in this discussion and analysis should not be unduly relied upon. For more information on Neo, investors should review Neo's continuous disclosure filings available under its profile at Information contained in forward-looking statements in this presentation is provided as of the date hereof and Neo disclaims any obligation to update any forward-looking information, whether as a result of new information or future events or results, except to the extent required by applicable securities laws. HIGHLIGHTS OF SECOND QUARTER 2025 CONSOLIDATED PERFORMANCE ($000s, except per share information) Three Months Ended June30, Six Months Ended June 302025 2024 2025 2024 Revenue Magnequench $ 50,468 $ 42,096 $ 94,740 $ 87,576 C&O 29,443 34,478 76,944 74,991 Rare Metals 35,948 31,909 68,653 69,187 Corporate / Eliminations (1,159) (1,435) (4,027) (2,110) Consolidated Revenue $ 114,700 $ 107,549 $ 236,310 $ 229,644Operating Income (Loss) Magnequench $ 1,611 $ 2,257 $ 3,504 $ 5,641 C&O 3,959 198 9,687 (1,906) Rare Metals 10,127 8,573 18,278 17,373 Corporate / Eliminations (7,487) (5,204) (13,670) (9,336) Consolidated Operating Income $ 8,210 $ 5,824 $ 17,799 $ 11,772Adjusted Earnings Before Interest, Taxes, Depreciation and Amortization ("Adjusted EBITDA") Magnequench $ 7,558 $ 6,168 $ 14,217 $ 12,280 C&O 5,439 2,651 12,282 2,271 Rare Metals 10,756 8,786 19,397 18,024 Corporate / Eliminations (4,785) (4,213) (9,794) (8,423) Consolidated Adjusted EBITDA $ 18,968 $ 13,392 $ 36,102 $ 24,152Net Earnings $ 5,688 $ 883 $ 4,301 $ 1,732 Earnings per share attributable to equity holders of Neo Basic $ 0.14 $ 0.02 $ 0.10 $ 0.04 Diluted $ 0.13 $ 0.02 $ 0.10 $ 0.04Cash spent on property, plant and equipment and intangible assets $ 8,889 $ 10,677 $ 20,317 $ 26,656 Cash taxes paid $ 2,960 $ 5,790 $ 8,166 $ 13,303 Dividends paid to shareholders $ 3,159 $ 3,127 $ 6,080 $ 6,211 Dividend paid to Buss & Buss minority shareholder $ — $ — $ 7,343 $ — Repurchase of common shares under Normal Course Issuer Bid $ 2,342 $ — $ 2,342 $ 2,250 As at: June 30,2025 December 31,2024 Cash and cash equivalents $ 80,343 $ 85,489 Short-term debt, bank advances & other $ — $ 2,740 Current & long-term debt $ 93,595 $ 68,796 CONSOLIDATED STATEMENTS OF FINANCIAL POSITION Unaudited; ($000s) June 30,2025 December 31,2024 ASSETS Current Cash and cash equivalents $ 80,343 $ 85,489 Accounts receivable 83,116 61,232 Inventories 146,692 139,321 Income taxes receivable 6,539 4,108 Assets held for sale — 40,949 Other current assets 18,652 22,389 Total current assets 335,342 353,488 Property, plant and equipment 190,317 178,925 Intangible assets 31,960 33,580 Goodwill 64,776 64,029 Equity method investments 16,705 16,330 Other investments 3,154 217 Deferred tax assets 3,876 4,045 Other non-current assets 6,342 2,640 Total non-current assets 317,130 299,766 Total assets $ 652,472 $ 653,254LIABILITIES AND EQUITY Current Short-term debt $ — $ 2,740 Accounts payable and other accrued charges 66,556 69,546 Income taxes payable 13,421 10,463 Provisions 584 12,512 Lease obligations 1,043 1,229 Derivative liability 50,011 47,416 Current portion of long-term debt 4,493 4,610 Liabilities directly associated with the assets held for sale — 10,254 Other current liabilities 311 647 Total current liabilities 136,419 159,417 Long-term debt 89,102 64,186 Derivative liability 1,436 1,311 Provisions 6,636 6,726 Deferred tax liabilities 9,987 12,646 Lease obligations 3,077 3,244 Other non-current liabilities 713 842 Total non-current liabilities 110,951 88,955 Total liabilities 247,370 248,372 Non-controlling interest 507 2,714 Equity attributable to common shareholders 404,595 402,168 Total equity 405,102 404,882 Total liabilities and equity $ 652,472 $ 653,254 See accompanying notes to this table in Neo's unaudited interim condensed consolidated financial statements as at June 30, 2025 and for the period then ended. CONSOLIDATED RESULTS OF OPERATIONS ($000s) Three Months Ended June 30, Six Months Ended June 302025 2024 2025 2024 Revenue $ 114,700 $ 107,549 $ 236,310 $ 229,644 Cost of sales Cost excluding depreciation and amortization 78,770 78,250 167,651 172,998 Depreciation and amortization 2,019 2,004 3,940 3,934 Gross profit 33,911 27,295 64,719 52,712 Expenses Selling, general and administrative 16,326 14,605 31,634 29,247 Share-based compensation 3,513 1,476 4,449 1,380 Depreciation and amortization 1,725 1,876 3,506 3,604 Research and development 4,137 3,307 7,331 6,502 (Reversal of impairment) / impairment of assets — 207 — 207 Total expenses 25,701 21,471 46,920 40,940 Operating income 8,210 5,824 17,799 11,772 Other income (expense) 24 (86) (4,688) 3,593 Finance cost, net (5,717) (1,572) (11,790) (2,912) Foreign exchange gain (loss) 4,700 (544) 8,485 (1,266) Income from operations before income taxes and equity income of associates 7,217 3,622 9,806 11,187 Income tax expense (1,599) (3,042) (5,955) (7,383) Income from operations before equity income of associates 5,618 580 3,851 3,804 Equity income of associates (net of income tax) 70 303 450 (2,072) Net income $ 5,688 $ 883 $ 4,301 $ 1,732 Attributable to: Common shareholders $ 5,772 $ 859 $ 4,292 $ 1,732 Non-controlling interest (84) 24 9 —$ 5,688 $ 883 $ 4,301 $ 1,732 Earnings per share attributable to common shareholders:Basic $ 0.14 $ 0.02 $ 0.10 $ 0.04 Diluted $ 0.13 $ 0.02 $ 0.10 $ 0.04 For additional information, refer Neo's MD&A for the three and six months ended June 30, 2025. RECONCILIATIONS OF NET INCOME TO EBITDA, ADJUSTED EBITDA AND FREE CASH FLOW Unaudited; ($000s, except volume) Three Months Ended June 30, Six Months Ended June 302025 2024 2025 2024 Sales volume (tonnes) 3,366 3,138 6,691 6,220Revenue $ 114,700 $ 107,549 $ 236,310 $ 229,644Net income $ 5,688 $ 883 $ 4,301 $ 1,732 Add back: Finance costs, net 5,717 1,572 11,790 2,912 Income tax expense 1,599 3,042 5,955 7,383 Depreciation and amortization included in cost of sales 2,019 2,004 3,940 3,934 Depreciation and amortization included in operating expenses 1,725 1,876 3,506 3,604 EBITDA 16,748 9,377 29,492 19,565 Adjustments to EBITDA: Other (income) expense (24) 86 4,688 (3,593) Foreign exchange (gain) loss (4,700) 544 (8,485) 1,266 Equity (income) loss of associates (70) (303) (450) 2,072 Share-based compensation 3,513 1,476 4,449 1,380 Project start-up and transition costs 3,501 2,005 6,408 3,255 Impairment of assets — 207 — 207 Adjusted EBITDA $ 18,968 $ 13,392 $ 36,102 $ 24,152 Adjusted EBITDA Margin 16.5 % 12.5 % 15.3 % 10.5 % Less: Capital expenditures $ 3,403 $ 18,571 $ 10,233 $ 36,048 Free Cash Flow $ 15,565 $ (5,179) $ 25,869 $ (11,896) For additional information, refer Neo's MD&A for the three and six months ended June 30, 2025. RECONCILIATIONS OF NET INCOME TO ADJUSTED NET INCOME ($000s) Three Months Ended June 30, Six Months Ended June 302025 2024 2025 2024 Net income $ 5,688 $ 883 $ 4,301 $ 1,732 Adjustments to net income: Foreign exchange (gain) loss (4,700) 544 (8,485) 1,266 Impairment of assets — 207 — 207 Share-based compensation 3,513 1,476 4,449 1,380 Project start-up & transition costs 3,501 2,005 6,408 3,255 Other items included in other expense (income) 20 158 4,828 (2,890) Tax impact of the above items (267) (22) (99) 694 Adjusted net income $ 7,755 $ 5,251 $ 11,402 $ 5,644Attributable to: Common shareholders $ 7,839 $ 5,227 $ 11,393 $ 5,644 Non-controlling interest (84) 24 9 —Weighted average number of common shares outstanding: Basic (000s) 41,838 41,752 41,806 41,792 Diluted (000s) 43,257 42,343 43,186 42,430 Adjusted earnings per share attributable to common shareholders:Basic $ 0.19 $ 0.13 $ 0.27 $ 0.14 Diluted $ 0.18 $ 0.12 $ 0.26 $ 0.13 For additional information, refer Neo's MD&A for the three and six months ended June 30, 2025. SOURCE Neo Performance Materials, Inc. View original content to download multimedia: 擷取數據時發生錯誤 登入存取你的投資組合 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤 擷取數據時發生錯誤
Yahoo
02-08-2025
- Yahoo
Troubleshooters sent into wildlife charity linked to Carrie Johnson
Troubleshooters have been sent in to investigate a charity linked to Boris Johnson's wife following claims that its funds were used improperly by the multimillionaire socialite who runs it. The Charity Commission has appointed a team of high-powered legal experts to act as interim managers and take over key decision-making at the Aspinall Foundation, run by former casino owner Damian Aspinall. According to the watchdog's code of conduct, interim managers are imposed on a charity when it believes there has been 'mismanagement and/or misconduct'. It defines misconduct as any 'criminal, unlawful or improper' act. The Aspinall Foundation is a global conservation group that releases zoo animals back into the wild, working with its sister charity the Howletts Wild Animal Trust, which runs two wildlife parks in Kent. Both charities have been under the Charity Commission's spotlight for five years, with a statutory inquiry launched in 2021. Its latest decision to send troubleshooters into the Aspinall Foundation over 'fresh issues of concern' marks a major tightening of the screw. Carrie Johnson was recruited by the Aspinall Foundation in January 2021 in a senior communications role on an estimated 'high five-figure salary' when her partner Mr Johnson, whom she married in May that year, was prime minister. Mr Johnson has been one of the charity's highest-profile cheerleaders. There is no suggestion of any wrongdoing by either of the Johnsons. The allegations against the Aspinall Foundation include allowing its chair, Mr Aspinall, to rent its headquarters, Howletts House – a neo-Palladian, 30-bedroom mansion in Kent, set in a 90-acre estate – for £2,500 a month, equivalent to the typical cost of renting a large house in nearby Canterbury. The rent was increased to £10,000 a month after a revaluation. Other allegations include paying £150,000 to Mr Aspinall's wife, Victoria, for 'interior design', as well as making loans to Mr Aspinall. In 2019, he reportedly owed the foundation £113,000. Allegations made against the Howletts Wild Animal Trust include paying Mr Aspinall's step mother Lady Sarah Aspinall a £30,000-a-year pension for 'gardening services'. In a statement to The Independent, the Charity Commission said: 'Our inquiry into the Aspinall Foundation is ongoing. Towards the end of last year, fresh issues of concern were identified requiring us to embark on a further phase of investigation, and our investigators are working hard to pursue these at pace. 'The commission has now appointed interim managers to the Aspinall Foundation, who will work alongside the existing trustees on specific areas in line with the charity's governing document.' The Charity Commission only imposes interim managers on a charity 'if it is satisfied that there has been misconduct and/or mismanagement' and it is considered 'necessary to protect the charity's property'. Misconduct 'includes any act that the person committing it knew – or ought to have known – was criminal, unlawful or improper'. Mismanagement is defined as 'any act that may result in charitable resources being misused – or the people who benefit from the charity being put at risk'. The Charity Commission troubleshooters have been tasked with making any decisions that cannot be made by the trustees because of 'a conflict of interest', and with 'reviewing the make-up of the board of trustees'. Crucially, they have also been ordered to find out whether any of the trustees – or their family members – 'received a direct or indirect benefit from the charity'. Mr Aspinall's daughter Tansy is a trustee of both the Aspinall Foundation and Howletts Wild Animal Trust. Multimillionaire and Conservative peer Zac Goldsmith, a former minister and a close friend of Mr Aspinall and both the Johnsons, was an Aspinall trustee until August 2019. Lord Goldsmith's brother Ben, a Tory donor who was given an advisory post in Mr Johnson's government, was also an Aspinall Foundation trustee. Both left before the Charity Commission launched any inquiries. A spokesperson for the Aspinall Foundation said: 'We welcome the inquiry by the Charity Commission and will continue to work with them transparently, but until that has concluded we are unable to comment further to press.' A spokesperson for the Howletts Wild Animal Trust said: 'With the Charity Commission's inquiry ongoing, we are unable to comment further.' Carrie Johnson could not be contacted. The Aspinall Foundation declined to say whether she is still an employee.
USA Today
31-07-2025
- USA Today
New to The Street Signs NeOnc Technologies Holdings, Inc. (NASDAQ: NTHI) to 12-Part National Broadcast Series Including T.V. Network Features, Earned Media, Commercials, and Iconic Outdoor Billboards
NEW YORK CITY, NEW YORK / ACCESS Newswire / July 30, 2025 / New to The Street, the nation's premier financial media platform for emerging public companies, proudly announces a major media partnership with NeOnc Technologies Holdings, Inc. (NASDAQ:NTHI). Under this agreement, NeOnc will be featured in a 12-part national broadcast series, with exclusive monthly interviews airing on Bloomberg Television and Fox Business Network. The series will also include earned media distribution, commercial rotation across national networks, and outdoor billboard campaigns in the most visible financial corridors in the U.S. This partnership launches at a pivotal time for NeOnc Technologies, following two significant corporate milestones: The signing of a Letter of Intent to acquire breakthrough intellectual property (IP) for brain cancer treatment , positioning the company at the forefront of neuro-oncology innovation; The execution of a $50 million definitive strategic partnership with Quazar Investment, accelerating NeOnc's operational and clinical development roadmap. Breakthrough Science Meets Breakthrough Exposure The integrated media campaign includes: 12 Long-Form Network Broadcast Interviews from the Nasdaq and NYSE studios on Bloomberg TV and Fox Business as sponsored programming. More than 300 Monthly Commercial Spots across targeted investor and innovation-focused time blocks. Earned Media Coverage on major U.S. networks via NewsOut™, including CBS, NBC, and ABC affiliates. Iconic Billboard Placements in Times Square (Nasdaq Tower and Reuters Boards), NYC Financial District shelters, and premium taxi tops. Digital Amplification via YouTube and social platforms: New to The Street TV Channel : NewsOut Channel : Executive Commentary 'NeOnc is entering a new era, not only in terms of medical science but also visibility in the public markets. Their latest IP acquisition and $50 million partnership with Quazar reflect serious momentum,' said Vince Caruso, Founder and CEO of New to The Street. 'We're proud to provide a media platform that matches their global ambitions and innovations with real-world distribution, every month.' About NeOnc Technologies Holdings, Inc. (NASDAQ: NTHI) NeOnc Technologies Holdings, Inc. is a clinical-stage life sciences company focused on the development and commercialization of central nervous system therapeutics that are designed to address the persistent challenges in overcoming the blood-brain barrier. The company's NEO™ drug development platform has produced a portfolio of novel drug candidates and delivery methods with patent protections extending to 2038. These proprietary chemotherapy agents have demonstrated positive effects in laboratory tests on various types of cancers and in clinical trials treating malignant gliomas. NeOnc's lead therapeutics, NEO100™ and NEO212™, are currently in Phase II human clinical trials and advancing under FDA Fast-Track and Investigational New Drug (IND) status. The company has exclusively licensed an extensive worldwide patent portfolio from the University of Southern California, consisting of issued patents and pending applications related to NEO100, NEO212, and other candidates from the NeOnc patent family for multiple uses, including oncological and neurological conditions. To learn more, visit About New to The Street Since 2009, New to The Street has been a leading force in financial media, showcasing public and private companies through its unmatched mix of national television broadcasts, digital syndication, and social media reach. With over 3.2 million subscribers on the New to The Street TV YouTube channel and a combined following of more than 511,000 across LinkedIn, Facebook, Instagram, and X, the platform delivers consistent visibility to investors, industry leaders, and the general public. New to The Street offers more linear 'real TV' broadcast distribution than any other outlet in the space, with long-running placements across Bloomberg TV, Fox Business Network, and other national platforms. Its 'Opportunities to Consider™' segments and in-depth executive interviews have become a trusted source for market-moving narratives, emerging growth stories, and thought leadership across finance, tech, biotech, and beyond. Learn more: Media Contact: Monica Brennan Head of Communications, New to The Street Monica@ SOURCE: New To The Street View the original press release on ACCESS Newswire
