logo
Artisan Partners Asset Management Inc. to Announce 2Q25 Results on July 29, 2025

Artisan Partners Asset Management Inc. to Announce 2Q25 Results on July 29, 2025

Globe and Mail15-07-2025
MILWAUKEE, July 15, 2025 (GLOBE NEWSWIRE) -- Artisan Partners Asset Management Inc. (NYSE: APAM) will report its second quarter 2025 financial results and information relating to its quarterly dividend on July 29, 2025 at approximately 4:30 p.m. (Eastern Time). Artisan Partners Asset Management's earnings release and supplemental materials will be available on the investor relations section of artisanpartners.com at that time. Chief Executive Officer and President Jason Gottlieb , Executive Chair Eric Colson, and Chief Financial Officer C.J. Daley will host a conference call on July 30, 2025 at 1:00 p.m. (Eastern Time) to discuss the results.
A live webcast of the conference call will be available via the investor relations section of artisanpartners.com. Those interested in participating in the conference call should dial:
An audio replay of the conference call will be available one hour after the end of the conference until August 6, 2025 at 9:00 a.m. (Eastern Time) by dialing the following:
An audio replay will also be available via the investor relations section of artisanpartners.com within 24 hours after the end of the conference.
About Artisan Partners
Artisan Partners is a global investment management firm that provides a broad range of high value-added investment strategies in growing asset classes to sophisticated clients around the world. Since 1994, the firm has been committed to attracting experienced, disciplined investment professionals to manage client assets. Artisan Partners' autonomous investment teams oversee a diverse range of investment strategies across multiple asset classes. Strategies are offered through various investment vehicles to accommodate a broad range of client mandates.
Artisan Partners Asset Management Inc.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Is Disney About to Beat Netflix in Streaming?
Is Disney About to Beat Netflix in Streaming?

Globe and Mail

timea minute ago

  • Globe and Mail

Is Disney About to Beat Netflix in Streaming?

Disney 's (NYSE: DIS) recent earnings report, including deals with the NFL and WWE, signal a big shift toward becoming a streaming giant. The company's potential to generate more streaming revenue than Netflix after ESPN's streaming app launches could help Disney stock. *Stock prices used were end-of-day prices of Aug. 6, 2025. The video was published on Aug. 6, 2025. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Learn More » Where to invest $1,000 right now When our analyst team has a stock tip, it can pay to listen. After all, Stock Advisor's total average return is 1,026%* — a market-crushing outperformance compared to 180% for the S&P 500. They just revealed what they believe are the 10 best stocks for investors to buy right now, available when you join Stock Advisor. See the stocks » *Stock Advisor returns as of August 4, 2025 Travis Hoium has positions in Walt Disney. The Motley Fool has positions in and recommends Apple, Netflix, and Walt Disney. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.

ALLETE, Inc. Reports Second Quarter 2025 Earnings
ALLETE, Inc. Reports Second Quarter 2025 Earnings

Globe and Mail

timea minute ago

  • Globe and Mail

ALLETE, Inc. Reports Second Quarter 2025 Earnings

ALLETE, Inc. (NYSE: ALE) today reported second quarter 2025 earnings of 55 cents per share on net income of $31.9 million. Last year's second quarter results were 57 cents per share on net income of $33.0 million. Net income in the second quarter of 2025 includes transaction expenses of $3.4 million after-tax, or 6 cents per share, related to the announced merger. Net income in the second quarter of 2024 included transaction expenses of $14.5 million after-tax, or 25 cents per share. 'Our entire ALLETE team continues to work diligently to execute our Sustainability-in-Action strategy. On July 11, 2025, we were pleased to announce a settlement agreement reached between the Minnesota Department of Commerce, Minnesota Power and its transaction partners Canada Pension Plan Investment Board ('CPP Investments') and Global Infrastructure Partners ('GIP') that will deliver enhanced benefits for our customers, our employees and the communities we serve,' said ALLETE Chair, President, and Chief Executive Officer Bethany Owen. 'The settlement agreement is a strong, positive step forward in ALLETE's planned partnership with experienced infrastructure investors, CPP Investments and GIP and demonstrates our commitment to listening and working collaboratively with our stakeholders.' ALLETE continues to expect the proposed transaction to close in 2025, subject to approval by the Minnesota Public Utilities Commission and other customary closing conditions. Required approvals have been received from all other parties. ALLETE also announced Superior Water, Light and Power's ('SWLP') leadership advanced legislation to help their customers replace lead service lines by working with state and local leaders to support a change in Wisconsin law that will allow SWLP to access federal grants to help offset costs for SWLP customers. The change has been passed by the legislature and signed into law by Governor Evers. ALLETE's Regulated Operations segment, which includes Minnesota Power, SWLP and the Company's investment in the American Transmission Company, recorded second quarter 2025 net income of $23.0 million, compared to $33.7 million in the second quarter a year ago. Net income at Minnesota Power was lower than 2024 reflecting lower margins from industrial customers, higher operating and maintenance expense, higher depreciation expense due to the impact of estimated compliance costs related to an EPA Rule finalized in May 2024 and lower transmission margins. Net income at SWLP was higher than 2024 reflecting new rates implemented in 2025. After-tax equity earnings in the American Transmission Company were higher than 2024 primarily due to additional equity investments. ALLETE Clean Energy recorded second quarter 2025 net income of $900 thousand compared to $2.4 million in 2024. Net income in 2025 reflects lower production and unfavorable pricing at most wind sites, partially offset by higher production at ALLETE Clean Energy's Caddo wind energy facility. Earnings in 2024 reflected negative impacts from a forced network outage near its Caddo wind energy facility. New Energy Equity recorded 2025 second quarter net income of $4.7 million, compared to net income of $7.7 million for the same period in 2024. Net income in 2025 includes lower sales of renewable energy projects due to timing of project closings. These decreases were partially offset by higher earnings from tax equity financed solar energy facilities. Corporate and Other businesses, which include BNI Energy, ALLETE Properties and our investments in renewable energy facilities, recorded net income of $3.3 million in the second quarter of 2025, compared to a net loss of $10.8 million in 2024. Net income in 2025 reflects lower merger-related expenses compared to 2024, and lower income tax expense. Merger-related expenses were $3.4 million after-tax in 2025 compared to $14.5 million in 2024. 'Results for the second quarter of 2025 were impacted primarily by lower industrial margins as a result of lower sales to taconite customers at Minnesota Power which are expected to continue through 2025," said ALLETE Vice President – Chief Financial Officer and Corporate Treasurer Jeff Scissons. 'Absent the closing of the transaction and the rate case stay-out provision in the settlement agreement with the Minnesota Department of Commerce, Minnesota Power would be filing a rate case to account for reduced revenue, increased depreciation from capital investments and inflationary pressures. The rate case stay-out provision in the settlement agreement provides immediate customer savings on top of numerous other commitments that benefit ALLETE stakeholders, customers and communities.' ALLETE is an energy company headquartered in Duluth, Minn. In addition to its electric utilities, Minnesota Power and Superior Water, Light and Power of Wisconsin, ALLETE owns ALLETE Clean Energy, based in Duluth, BNI Energy in Bismarck, N.D., New Energy Equity in Annapolis, MD, and has an eight percent equity interest in the American Transmission Co. More information about ALLETE is available at ALE-CORP The statements contained in this release and statements that ALLETE may make orally in connection with this release that are not historical facts, are forward-looking statements. Actual results may differ materially from those projected in the forward-looking statements. These forward-looking statements involve risks and uncertainties and investors are directed to the risks discussed in documents filed by ALLETE with the Securities and Exchange Commission. ALLETE's press releases and other communications may include certain non-Generally Accepted Accounting Principles (GAAP) financial measures. A "non-GAAP financial measure" is defined as a numerical measure of a company's financial performance, financial position or cash flows that excludes (or includes) amounts that are included in (or excluded from) the most directly comparable measure calculated and presented in accordance with GAAP in the company's financial statements. Non-GAAP financial measures utilized by the Company include presentations of earnings (loss) per share. ALLETE's management believes that these non-GAAP financial measures provide useful information to investors by removing the effect of variances in GAAP reported results of operations that are not indicative of changes in the fundamental earnings power of the Company's operations. Management believes that the presentation of the non-GAAP financial measures is appropriate and enables investors and analysts to more accurately compare the company's ongoing financial performance over the periods presented. June 30, June 30, 2025 2024 2025 2024 Operating Revenue Contracts with Customers – Utility $305.1 $279.8 $637.9 $618.1 Contracts with Customers – Non-utility 53.8 73.5 119.7 137.2 Other – Non-utility 1.4 1.2 2.9 2.5 Total Operating Revenue 360.3 354.5 760.5 757.8 Operating Expenses Fuel, Purchased Power and Gas – Utility 113.3 107.3 236.3 240.8 Transmission Services – Utility 19.3 1.6 38.3 24.3 Cost of Sales – Non-utility 24.3 31.8 49.2 56.2 Operating and Maintenance 96.6 102.1 189.6 193.8 Depreciation and Amortization 73.2 66.0 142.9 131.0 Taxes Other than Income Taxes 15.6 16.3 33.2 35.0 Total Operating Expenses 342.3 325.1 689.5 681.1 Operating Income 18.0 29.4 71.0 76.7 Other Income (Expense) Interest Expense (23.1) (20.1) (44.5) (40.5) Equity Earnings 5.9 5.9 11.9 11.4 Other 5.2 5.9 9.8 14.5 Total Other Expense (12.0) (8.3) (22.8) (14.6) Income Before Income Taxes 6.0 21.1 48.2 62.1 Income Tax Expense (Benefit) (0.6) 1.4 6.9 5.4 Net Income 6.6 19.7 41.3 56.7 Net Loss Attributable to Non-Controlling Interest (25.3) (13.3) (46.7) (27.0) Net Income Attributable to ALLETE $31.9 $33.0 $88.0 $83.7 Average Shares of Common Stock Basic 58.0 57.7 58.0 57.7 Diluted 58.1 57.8 58.0 57.7 Basic Earnings Per Share of Common Stock $0.55 $0.57 $1.52 $1.45 Diluted Earnings Per Share of Common Stock $0.55 $0.57 $1.52 $1.45 Dividends Per Share of Common Stock $0.73 $0.705 $1.46 $1.41 Consolidated Balance Sheet Millions - Unaudited Jun. 30, Dec. 31, Jun. 30, Dec. 31, 2025 2024 2025 2024 Assets Liabilities and Equity Cash and Cash Equivalents $55.4 $32.8 Current Liabilities $337.9 $404.2 Other Current Assets 397.5 402.4 Long-Term Debt 1,931.8 1,704.7 Property, Plant and Equipment – Net 5,324.0 5,181.5 Deferred Income Taxes 278.9 253.4 Regulatory Assets 363.0 371.7 Regulatory Liabilities 586.7 570.5 Equity Investments 350.5 340.1 Defined Benefit Pension and Other Postretirement Benefit Plans 99.4 118.2 Goodwill and Intangibles – Net 155.3 155.3 Other Non-Current Liabilities 311.4 312.8 Other Non-Current Assets 267.5 270.5 Redeemable Non-Controlling Interest 0.8 0.4 Equity 3,366.3 3,390.1 Total Assets $6,913.2 $6,754.3 Total Liabilities, Redeemable Non-Controlling Interest and Equity $6,913.2 $6,754.3 Quarter Ended Six Months Ended ALLETE, Inc. June 30, June 30, Income (Loss) 2025 2024 2025 2024 Millions Regulated Operations $23.0 $33.7 $61.4 $77.9 ALLETE Clean Energy 0.9 2.4 8.3 6.2 New Energy 4.7 7.7 13.9 11.7 Corporate and Other 3.3 (10.8) 4.4 (12.1) Net Income Attributable to ALLETE $31.9 $33.0 $88.0 $83.7 Diluted Earnings Per Share $0.55 $0.57 $1.52 $1.45 Statistical Data Corporate Common Stock High $66.40 $65.86 $66.40 $65.86 Low $63.27 $56.66 $63.27 $55.86 Close $64.07 $62.35 $64.07 $62.35 Book Value $49.31 $48.86 $49.31 $48.86 Kilowatt-hours Sold Millions Regulated Utility Retail and Municipal Residential 231 225 563 531 Commercial 304 307 658 645 Industrial 1,530 1,729 3,104 3,527 Municipal 108 105 240 230 Total Retail and Municipal 2,173 2,366 4,565 4,933 Other Power Suppliers 981 579 1,907 1,336 Total Regulated Utility Kilowatt-hours Sold 3,154 2,945 6,472 6,269 Regulated Utility Revenue Millions Regulated Utility Revenue Retail and Municipal Electric Revenue Residential $36.9 $34.4 $86.2 $81.1 Commercial 44.1 42.9 92.4 90.3 Industrial 136.5 146.3 274.9 304.8 Municipal 8.2 7.4 17.8 16.4 Total Retail and Municipal Electric Revenue 225.7 231.0 471.3 492.6 Other Power Suppliers 47.3 30.4 94.4 70.4 Other (Includes Water and Gas Revenue) 32.1 18.4 72.2 55.1 Total Regulated Utility Revenue $305.1 $279.8 $637.9 $618.1

Cresco Labs Solid Q2 Performance and Debt Refinancing Strengthen Foundation for Long-Term Value Creation
Cresco Labs Solid Q2 Performance and Debt Refinancing Strengthen Foundation for Long-Term Value Creation

National Post

timea minute ago

  • National Post

Cresco Labs Solid Q2 Performance and Debt Refinancing Strengthen Foundation for Long-Term Value Creation

Article content CHICAGO — Cresco Labs Inc. (CSE: CL) (OTCQX: CRLBF) (FSE: 6CQ) (' Cresco Labs ' or the ' Company '), the industry leader in branded cannabis products with a portfolio of America's most popular brands and the operator of Sunnyside dispensaries, today released its financial and operating results for the second quarter ended June 30, 2025. All financial information presented in this release is reported in accordance with U.S. GAAP and in U.S. dollars, unless otherwise indicated, and is available on the Company's investor website, here. Article content Second Quarter 2025 Highlights Article content Second quarter revenue of $164 million. Second quarter operating cash flow of $9 million. Gross profit of $83 million. Adjusted gross profit 1 of $83 million; and an Adjusted gross margin 1 of 50.6% of revenue. SG&A of $51 million or 31.4% of revenue. Net loss of $14 million, includes non-cash impairment charges of $9 million related to California assets being considered held for sale. Second quarter Adjusted EBITDA 1 of $41 million and Adjusted EBITDA margin 1 of 25.0%. Retained the No. 1 share position in multiple billion dollar markets. 2 Article content Management Commentary Article content 'In Q2, we delivered solid performance in line with guidance, maintained our market share in a highly competitive environment, and continued to drive cash flow through operational discipline. Crucially, we signed a commitment letter to refinance our debt with a new $325 million term loan. This milestone reinforces our balance sheet, preserves our equity value and creates financial flexibility for years to come. The improved structure and terms give us a stronger foundation to execute against both near-term priorities and long-term growth opportunities.' Article content 'The cannabis industry is entering a new phase, defined by consolidation and rationalization. We're seeing more opportunities for M&A in very productive states that will be incremental for Cresco. As previously stated, we're going to be opportunistic while staying patient and disciplined so we can invest in sustainable growth when the right opportunities arise. With our proven operating model, focused and productive footprint, and clean capital structure, we're built for this moment and are well-positioned to be a partner of choice as the industry consolidates.' Article content Balance Sheet, Liquidity, and Other Financial Information Article content As of June 30, 2025, current assets were $315 million, including cash and cash equivalents of $147 million. The Company had senior secured term loan debt, net of discount and issuance costs, of $354 million and a mortgage loan, net of discount and issuance costs of $18 million. Total shares on a fully converted basis to Subordinate Voting Shares were 483,444,948 as of June 30, 2025. Article content 1 See 'Non-GAAP Financial Measures' at the end of this press release for more information regarding the Company's use of non-GAAP financial measures. 2 According to Hoodie Analytics. Article content Conference Call and Webcast Article content The Company will host a conference call and webcast to discuss its financial results on Thursday, August 7, 2025, at 8:30am Eastern Time (7:30am Central Time). The conference call may be accessed via webcast or by dialing 1-833-470-1428 (US Toll Free) or 1-404-975-4839 (US Local), providing access code 158138. Archived access to the webcast will be available for one year on Cresco Labs' investor website, here. Article content Consolidated Financial Statements Article content The financial information reported in this press release is based on unaudited management prepared financial statements for the quarter ended June 30, 2025. These financial statements have been prepared in accordance with U.S. GAAP. The Company expects to file its unaudited condensed interim consolidated financial statements for the quarter ended June 30, 2025, on SEDAR+ and EDGAR on or about August 7, 2025. Accordingly, such financial information may be subject to change. All financial information contained in this press release is qualified in its entirety with reference to such financial statements. While the Company does not expect there to be any material changes between the information contained in this press release and the consolidated financial statements it files on SEDAR+ and EDGAR, to the extent that the financial information contained in this press release is inconsistent with the information contained in the Company's financial statements, the financial information contained in this press release shall be deemed to be modified or superseded by the Company's filed financial statements. The making of a modifying or superseding statement shall not be deemed an admission, for any purposes, that the modified or superseded statement, when made, constituted a misrepresentation for purposes of applicable securities laws. Further, the reader should refer to the additional disclosures in the Company's audited financial statements for the year ended December 31, 2024, filed on SEDAR+ and EDGAR. Article content Cresco Labs references certain non-GAAP financial measures throughout this press release, which may not be comparable to similar measures presented by other issuers. Please see the 'Non-GAAP Financial Measures' section below for more detailed information. Article content Non-GAAP Financial Measures Article content This release reports its financial results in accordance with U.S. GAAP and includes certain non-GAAP financial measures that do not have standardized definitions under U.S. GAAP. The non-GAAP measures include: Earnings before interest, taxes, depreciation, and amortization ('EBITDA'); Adjusted EBITDA; Adjusted EBITDA margin; Adjusted gross profit; Adjusted gross profit margin; Adjusted selling, general, and administrative expenses ('Adjusted SG&A'), Adjusted SG&A margin; and Free Cash Flow are non-GAAP financial measures and do not have standardized definitions under U.S. GAAP. The Company defines these non-GAAP financial measures as follows: EBITDA as net loss (income) before interest, taxes, depreciation, and amortization; Adjusted EBITDA as EBITDA less other (expense) income, net, fair value mark-up for acquired inventory, adjustments for acquisition and non-core costs, impairment and share-based compensation; Adjusted EBITDA Margin as Adjusted EBITDA divided by revenues, net; Adjusted gross profit as gross profit less fair value mark-up for acquired inventory and adjustments for acquisition and non-core costs; Adjusted gross profit margin as Adjusted gross profit divided by revenues, net; Adjusted SG&A as SG&A less adjustments for acquisition and non-core costs; Adjusted SG&A margin as Adjusted SG&A divided by revenues, net; and Free Cash Flow as Net cash provided by operating activities less purchases of property and equipment and proceeds from tenant improvement allowances. The Company has provided the non-GAAP financial measures, which are not calculated or presented in accordance with U.S. GAAP, as supplemental information and in addition to the financial measures that are calculated and presented in accordance with U.S. GAAP and may not be comparable to similar measures presented by other issuers. These supplemental non-GAAP financial measures are presented because management has evaluated the financial results both including and excluding the adjusted items and believe that the supplemental non-GAAP financial measures presented provide additional perspective and insights when analyzing the core operating performance of the business. These supplemental non-GAAP financial measures should not be considered superior to, as a substitute for or as an alternative to, and should only be considered in conjunction with, the U.S. GAAP financial measures presented herein. Accordingly, the Company has included below reconciliations of the supplemental non-GAAP financial measures to the most directly comparable financial measures calculated and presented in accordance with U.S. GAAP. Article content About Cresco Labs Inc. Article content Cresco Labs' mission is to normalize and professionalize the cannabis industry through a CPG approach to building national brands and a customer-focused retail experience, while acting as a steward for the industry on legislative and regulatory-focused initiatives. As a leader in cultivation, production, and branded product distribution, the Company is leveraging its scale and agility to grow its portfolio of brands that include Cresco, High Supply, FloraCal, Good News, Wonder Wellness Co., Mindy's, and Remedi, on a national level. The Company also operates highly productive dispensaries nationally under the Sunnyside brand that focus on building patient and consumer trust and delivering ongoing education and convenience in a wonderfully traditional retail experience. Through year-round policy, community outreach and SEED initiative efforts, Cresco Labs embraces the responsibility to support communities through authentic engagement, economic opportunity, investment, workforce development, and legislative initiatives designed to create the most responsible, respectable and robust cannabis industry possible. Learn more about Cresco Labs' journey by visiting or following the Company on Facebook, X or LinkedIn. Article content Forward-Looking Statements Article content This press release contains 'forward-looking information' within the meaning of applicable Canadian securities legislation and may also contain statements that may constitute 'forward-looking statements' within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995 (collectively, 'forward-looking statements'). Such forward-looking statements are not representative of historical facts or information or current condition but instead represent only the Company's beliefs regarding future events, plans or objectives, many of which, by their nature, are inherently uncertain and outside of the Company's control. Generally, such forward-looking statements can be identified by the use of forward-looking terminology such as, 'may,' 'will,' 'should,' 'could,' 'would,' 'expects,' 'plans,' 'anticipates,' 'believes,' 'estimates,' 'projects,' 'predicts,' 'potential,' or 'continue,' or the negative of those forms or other comparable terms. The Company's forward-looking statements involve known and unknown risks, uncertainties, and other factors which may cause the Company's actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including but not limited to those risks discussed under 'Risk Factors' in the Company's Annual Information Form for the year ended December 31, 2024, filed on SEDAR+ and EDGAR, other documents filed by the Company with Canadian securities regulatory authorities; and other factors, many of which are beyond the control of the Company. Readers are cautioned that the foregoing list of factors is not exhaustive. Because of these uncertainties, you should not place undue reliance on the Company's forward-looking statements. No assurances are given as to the future trading price or trading volumes of Cresco Labs' shares, nor as to the Company's financial performance in future financial periods. The Company does not intend to update any of these factors or to publicly announce the result of any revisions to any of the Company's forward-looking statements contained herein, whether as a result of new information, any future event, or otherwise. Except as otherwise indicated, this press release speaks as of the date hereof. The distribution of this press release does not imply that there has been no change in the affairs of the Company after the date hereof or create any duty or commitment to update or supplement any information provided in this press release or otherwise. Article content Cresco Labs Inc. For the Three Months Ended June 30, 2025, March 31, 2025, and June 30, 2024 For the Three Months Ended ($ in thousands) June 30, 2025 March 31, 2025 June 30, 2024 Revenue, net $ 163,624 165,757 184,356 Cost of goods sold 80,368 87,126 89,578 Gross profit 83,256 78,631 94,778 Gross profit % 50.9 % 47.4 % 51.4 % Operating expenses: Selling, general, and administrative 51,398 57,811 54,355 Share-based compensation 2,032 2,075 2,854 Depreciation and amortization 4,420 5,156 5,189 Impairment loss 9,265 — — Total operating expenses 67,115 65,042 62,398 Income from operations 16,141 13,589 32,380 Other (expense) income, net: Interest expense, net (12,562 ) (14,824 ) (13,813 ) Other (expense) income, net (836 ) 317 (59,508 ) Total other expense, net (13,398 ) (14,507 ) (73,321 ) Income (loss) before income taxes 2,743 (918 ) (40,941 ) Income tax expense (16,636 ) (14,316 ) (10,238 ) 1 Net loss includes amounts attributable to non-controlling interests. Article content Cresco Labs Inc. Summarized Consolidated Statements of Financial Position As of June 30, 2025 and December 31, 2024 ($ in thousands) June 30, 2025 December 31, 2024 (unaudited) Cash and cash equivalents $ 146,609 $ 137,564 Other current assets 167,996 156,693 Property and equipment, net 332,600 344,846 Intangible assets, net 289,268 293,994 Goodwill 283,484 283,484 Other non-current assets 127,802 138,774 Total assets $ 1,347,759 $ 1,355,355 Total current liabilities $ 101,324 $ 94,338 Total non-current liabilities 885,523 872,841 Total shareholders' equity 360,912 388,176 Total liabilities and shareholders' equity $ 1,347,759 $ 1,355,355 Article content Cresco Labs Inc. Unaudited Reconciliation of Net Loss to Adjusted EBITDA (Non-GAAP) For the Three Months Ended June 30, 2025, March 31, 2025, and June 30, 2024 For the Three Months Ended ($ in thousands) June 30, 2025 March 31, 2025 June 30, 2024 Net loss 1 $ (13,893 ) $ (15,234 ) $ (51,179 ) Depreciation and amortization 12,190 12,906 14,930 Interest expense, net 12,562 14,824 13,813 Income tax expense 16,636 14,316 10,238 EBITDA (Non-GAAP) $ 27,495 $ 26,812 $ (12,198 ) Other expense (income), net 836 (317 ) 59,508 Adjustments for acquisition and other non-core costs 734 7,015 3,129 Impairment loss 9,265 — — Share-based compensation 2,546 2,723 3,471 Adjusted EBITDA (Non-GAAP) $ 40,876 $ 36,233 $ 53,910 Adjusted EBITDA % (Non-GAAP) 25.0 % 21.9 % 29.2 % 1 Net loss includes amounts attributable to non-controlling interests. Article content Article content Article content Article content Article content Contacts Article content Media Article content Article content Press@ Article content Investors Article content Article content TJ Cole, Cresco Labs Article content Article content SVP, Corporate Development & Investor Relations Article content Article content investors@ Article content Article content Article content Article content

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store