3 ASX Penny Stocks With Under A$2B Market Cap
Name
Share Price
Market Cap
Financial Health Rating
CTI Logistics (ASX:CLX)
A$1.715
A$138.13M
★★★★☆☆
Accent Group (ASX:AX1)
A$1.88
A$1.06B
★★★★☆☆
EZZ Life Science Holdings (ASX:EZZ)
A$1.37
A$64.63M
★★★★★★
IVE Group (ASX:IGL)
A$2.62
A$403.96M
★★★★★☆
GTN (ASX:GTN)
A$0.60
A$115.38M
★★★★★★
West African Resources (ASX:WAF)
A$2.31
A$2.63B
★★★★★★
Bisalloy Steel Group (ASX:BIS)
A$3.28
A$155.64M
★★★★★★
Regal Partners (ASX:RPL)
A$1.94
A$652.16M
★★★★★★
Navigator Global Investments (ASX:NGI)
A$1.68
A$823.33M
★★★★★☆
NRW Holdings (ASX:NWH)
A$2.71
A$1.24B
★★★★★☆
Click here to see the full list of 990 stocks from our ASX Penny Stocks screener.
Here we highlight a subset of our preferred stocks from the screener.
Simply Wall St Financial Health Rating: ★★★★★☆
Overview: BKI Investment Company Limited is a publicly owned investment manager with a market capitalization of A$1.36 billion.
Operations: The company generates revenue of A$68.44 million from the securities industry segment.
Market Cap: A$1.36B
BKI Investment, with a market capitalization of A$1.36 billion, has shown stable financials despite some challenges. The company is debt-free, eliminating concerns over interest coverage and debt management. However, its dividend yield of 4.67% is not well covered by earnings or free cash flows, raising sustainability questions. BKI's Return on Equity is low at 4.4%, and it experienced negative earnings growth (-9.7%) over the past year compared to industry averages. While insider selling was significant recently, the board remains highly experienced with an average tenure of 21.6 years, providing stability in governance amidst these concerns.
Click here to discover the nuances of BKI Investment with our detailed analytical financial health report.
Explore historical data to track BKI Investment's performance over time in our past results report.
Simply Wall St Financial Health Rating: ★★★★☆☆
Overview: Harmoney Corp Limited operates as an online lender offering secured and unsecured personal loans in Australia and New Zealand, with a market cap of A$67.30 million.
Operations: The company generates revenue through its Financial Services - Consumer segment, which amounted to A$37.09 million.
Market Cap: A$67.3M
Harmoney Corp Limited, with a market cap of A$67.30 million, recently announced a share buyback program to repurchase up to 5% of its issued shares by April 2026. Despite being unprofitable, the company has improved its financial position, reporting A$64.44 million in revenue for the half year ending December 2024 and achieving net income of A$2.01 million. Harmoney's board and management are experienced, but challenges remain with high debt levels and significant volatility in share price. The company's cash runway is robust due to positive free cash flow, supporting potential future growth opportunities.
Unlock comprehensive insights into our analysis of Harmoney stock in this financial health report.
Examine Harmoney's earnings growth report to understand how analysts expect it to perform.
Simply Wall St Financial Health Rating: ★★★★★☆
Overview: Qualitas (ASX:QAL) is a real estate investment firm specializing in direct investments across various real estate classes and geographies, distressed debt restructuring, third-party capital raisings, and consulting services, with a market cap of A$730.71 million.
Operations: The company generates revenue through its Direct Lending segment, which contributes A$23.03 million, and its Funds Management segment, with A$21.46 million.
Market Cap: A$730.71M
Qualitas, with a market cap of A$730.71 million, has shown robust earnings growth of 23.5% over the past year, although its Return on Equity remains low at 8.1%. The company's revenue streams are well-diversified across Direct Lending and Funds Management segments, contributing A$23.03 million and A$21.46 million respectively. Recent board changes include the appointment of Bruce MacDiarmid as an independent non-executive director, bringing significant expertise from investment banking sectors. Despite negative operating cash flow impacting debt coverage, Qualitas maintains strong liquidity with short-term assets exceeding liabilities and more cash than total debt on hand.
Dive into the specifics of Qualitas here with our thorough balance sheet health report.
Gain insights into Qualitas' future direction by reviewing our growth report.
Unlock our comprehensive list of 990 ASX Penny Stocks by clicking here.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Companies discussed in this article include ASX:BKI ASX:HMY and ASX:QAL.
This article was originally published by Simply Wall St.
Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@simplywallst.com
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13 minutes ago
- Yahoo
Life360 Reports Record Q2 2025 Results
Monthly Active Users Reached Approximately 88.0 million; Up 25% Year-Over-Year Record Q2 Global Net Additions of 136 thousand Paying Circles, Reaching 2.5 million TotalTotal Quarterly Revenue Increased 36% Year-Over-Year to $115.4 million Annualized Monthly Revenue Increased 36% Year-Over-Year to $416.1 millionFull-Year Outlook for Revenue and Adjusted EBITDA Raised Based on Year-To-Date Performance SAN FRANCISCO, Aug. 11, 2025 (GLOBE NEWSWIRE) -- Life360, Inc. ('Life360' or the 'Company') (NASDAQ: LIF, ASX: 360), the provider of the market leading family safety and connection mobile application, today announced unaudited financial results for the second quarter ('Q2') ended June 30, 2025. Life360 delivered record results across multiple key metrics, including Monthly Active Users (MAUs), Paying Circles, Subscription Revenue, and Annualized Monthly Revenue (AMR). The Company also reported continued margin expansion and raised full-year guidance for both revenue and Adjusted EBITDA. The Company also announced today in a separate press release that Lauren Antonoff has been appointed Chief Executive Officer, succeeding Co-founder Chris Hulls, who will continue to support the company's long-term vision as Executive Chairman. 'Life360 continued its strong performance in Q2, with another quarter of impressive growth across our core metrics,' said Life360 Chief Executive Officer Lauren Antonoff. 'We're seeing the rise of what we call the Anxiety Economy—a shift where families are making more values-based decisions and prioritizing peace of mind in how they spend. That's driving sustained demand for services like ours that help people feel safer, more connected, and in control. Alongside strong subscription growth, we're expanding our high-margin advertising platform with new location-based formats that enhance value without compromising the member experience. At the core of it all is trust—Life360 has become a daily essential for millions of families, and we're committed to deepening that relationship as we scale.' Life360 Chief Financial Officer Russell Burke added: 'In Q2, Life360 delivered strong revenue growth and expanding profitability, with total revenue of $115.4 million — up 36% year-over-year (YoY) — and positive Adjusted EBITDA of $20.3 million — up 85% YoY. We maintained disciplined expense management, keeping total operating expense growth below revenue growth, and achieved our ninth straight quarter of positive Operating Cash Flow. 'We also strengthened our balance sheet with the successful completion of a $320.0 million convertible notes offering. This transaction enhances our long-term capital flexibility while avoiding near-term dilution, giving us the ability to invest in growth and innovation from a position of strength. 'Even as consumer financial pressures persist, our core subscription business remains highly resilient. We began addressing tariff impacts earlier this year and continue to actively manage evolving conditions. Based on what we know today, we expect the overall effect to remain immaterial to our full-year outlook. As we raise guidance for both revenue and Adjusted EBITDA, we remain focused on balancing top-line momentum with margin expansion—positioning Life360 to deliver in a volatile macro environment.' Q2'25 Financial Highlights Total Q2'25 revenue of $115.4 million, a YoY increase of 36%, with total subscription revenue of $88.6 million, up 35% YoY and Core subscription revenue2 of $82.9 million, up 38% YoY. Annualized Monthly Revenue (AMR) of $416.1 million, up 36% YoY. Q2'25 Net Income of $7.0 million, which includes $4.6 million of other income related to dividends, interest, and investment fair value gains. Adjusted EBITDA1 of $20.3 million increased 85% over $11.0 million in Q2'24. Positive Operating Cash Flow of $13.3 million, up 303% YoY. Quarter-end cash, cash equivalents and restricted cash of $434.2 million, an increase of $272.2 million from Q2'24, which was primarily the result of net capital raised from the issuance of the June 2025 convertible notes. Q2'25 Operating Highlights Q2'25 global MAU net additions of 4.3 million lifted total MAUs to approximately 88.0 million, up 25% YoY. Q2'25 global Paying Circle net additions of 136 thousand were a new record for Q2. Total Paying Circles grew 25% YoY to 2.5 million. Average Revenue Per Paying Circle ('ARPPC') increased 8% YoY primarily due to U.S. price increases for new and existing annual subscribers in 2024 and a shift in product mix toward higher-priced offerings, along with legacy price increases, the launch of higher priced membership tiers in non-Triple Tier countries, and continued growth in Triple Tier memberships in the UK, Canada, and ANZ. 1 Adjusted EBITDA is a Non-GAAP measure. For more information, including the definition of Adjusted EBITDA, the use of this non-GAAP measure, as well as a reconciliation of Net Income (Loss) to Adjusted EBITDA, refer to the 'Adjusted EBITDA' and 'Supplementary and Non-GAAP Financial Information' sections below. 2 Core subscription revenue is defined as subscription revenue derived from the Life360 mobile application and excludes non-core subscription revenue which relates to other hardware related subscription offerings. For more information, including the use of this measure, refer to the 'Core subscription revenue' section below. Key Performance Indicators (in millions, except ARPPC, ARPPS, ASP, and percentages) Q2 2025 Q1 2025 Q2 2024 %QoQ % YoY Core3 Monthly Active Users (MAU) - Global4 88.0 83.7 70.6 5 % 25 % U.S. 47.5 45.3 40.5 5 % 17 % International 40.5 38.4 30.1 5 % 34 % ANZ 3.1 2.9 2.4 6 % 31 % Paying Circles - Global5 2.5 2.4 2.0 6 % 25 % U.S. 1.8 1.7 1.5 5 % 23 % International 0.7 0.7 0.6 7 % 28 % Average Revenue per Paying Circle (ARPPC)6,7 $ 135.42 $ 133.42 $ 125.96 1 % 8 % Life360 Consolidated Subscriptions8 3.1 3.0 2.7 4 % 18 % Average Revenue per Paying Subscription (ARPPS)7,9 $ 116.06 $ 112.98 $ 104.00 3 % 12 % Net hardware units shipped10 0.8 0.5 0.7 61 % 21 % Average Selling Price (ASP)11,12 $ 14.81 $ 16.99 $ 15.92 (13) % (7) % Annualized Monthly Revenue (AMR) $ 416.1 $ 393.0 $ 304.8 6 % 36 % 3 Core metrics relate solely to the Life360 mobile application. 4 An MAU is defined as a unique member who engages with our Life360 branded services each month, which includes both paying and non-paying members, and excludes certain members who have a delayed account setup. 5 A Paying Circle is defined as a group of Life360 members with a paying subscription that has been billed as of the end of a period. 6 ARPPC is defined as annualized subscription revenue recognized and derived from the Life360 mobile application, excluding certain revenueadjustments related to bundled Life360 subscription and hardware offerings, for the reported period divided by the Average Paying Circles during thesame period. 7 Excludes revenue related to bundled Life360 subscription and hardware offerings of $(0.3) million and $(0.7) million for the three and six months ended June 30, 2025, respectively, and $(1.3) million and $(2.6) million for the three and six months ended June 30, 2024, respectively. 8 Subscriptions are defined as the number of paying subscribers associated with the Life360, Jiobit and Tile brands who have been billed as of the end of the period. 9 ARPPS is defined as annualized total subscription revenue recognized and derived from Life360, Tile and Jiobit subscriptions, excluding certainrevenue adjustments related to bundled Life360 subscription and hardware offerings, for the reported period divided by the average number ofpaying subscribers during the same period. 10 Net hardware units shipped represent the number of tracking devices sold during the period, excluding hardware units related to bundled Life360 subscription and hardware offerings, net of returns by our retail partners and directly to consumers. 11 Excludes revenue related to bundled Life360 subscription and hardware offerings of $0.3 million and $0.6 million for the three and six months ended June 30, 2025, respectively, and $1.3 million and $2.5 million the three and six months ended June 30, 2024, respectively. 12 To determine the net ASP of a unit, we divide hardware revenue recognized, excluding revenue related to bundled Life360 subscription and hardware offerings, for the reported period by the number of net hardware units shipped during the same period. Global MAUs increased 25% YoY to approximately 88.0 million, with Q2'25 net additions of 4.3 million. U.S. MAUs increased 17% YoY, with Q2'25 net adds of 2.2 million. International MAUs increased 34% YoY, with Q2'25 net adds of 2.1 million. Total MAUs in the Triple Tier markets of the UK, Canada, and ANZ increased 33% YoY. Q2'25 global Paying Circle net additions of 136 thousand, a Q2 record, were driven by strong U.S. performance. U.S. Paying Circles increased 23% YoY on the back of improved conversion metrics. International Paying Circles maintained strong momentum, up 28% YoY. Total Paying Circles in the Triple Tier markets of the UK, Canada, and ANZ increased 27% YoY. Q2'25 global ARPPC increased 8% YoY. U.S. ARPPC increased 5% YoY, benefiting from price increases for new and existing subscribers on annual plans implemented in September 2024 and October 2024, respectively, as well as a shift in product mix towards higher priced products. Q2'25 international ARPPC increased 35% YoY due to legacy subscriber price increases and the launch of higher priced membership tiers in non-Triple Tier markets, as well as continued growth in the Triple Tier UK, Canada, and ANZ markets. Q2'25 net hardware units shipped increased 21% YoY primarily driven by increased online retail demand in anticipation of mid-year promotional activity. The Average Selling Price of hardware units shipped decreased 7% YoY primarily due to a shift in channel mix and an increase in promotional discounts. June 2025 AMR increased 36% YoY, benefiting from accelerating subscription revenue momentum and increasing other revenue over the course of Q2'25. Operating Results Three Months Ended June 30, Six Months Ended June 30, 2025 2024 2025 2024 ($ millions) (unaudited) Subscription revenue $ 88.6 $ 65.7 $ 170.5 $ 127.3 U.S. subscription revenue 74.3 57.4 144.0 111.9 International subscription revenue 14.3 8.3 26.5 15.4 Hardware revenue 12.3 11.9 21.2 22.1 Other revenue 14.5 7.3 27.4 13.7 Total revenue $ 115.4 $ 84.9 $ 219.0 $ 163.1 Q2'25 total subscription revenue increased 35% YoY to $88.6 million, primarily driven by growth in Paying Circles. Q2'25 hardware revenue increased 3% YoY to $12.3 million, primarily driven by an increase in units sold. Q2'25 other revenue increased 100% YoY to $14.5 million due to increases in data and partnership revenue, which includes advertising subscription revenue is defined as GAAP subscription revenue derived from the Life360 mobile application and excludes non-core subscription revenue, which we define as GAAP subscription revenue from other hardware related subscription offerings, for the reported period. Core subscription revenue represents revenue derived from, and the overall success of, our core product offering. Q2'25 core subscription revenue increased 38% YoY primarily driven by a 25% YoY increase in Paying Circles and an 8% higher ARPPC.13 Three Months Ended June 30, Six Months Ended June 30, 2025 2024 2025 2024 ($ millions) (unaudited) Subscription revenue $ 88.6 $ 65.7 $ 170.5 $ 127.3 Non-Core subscription revenue (5.7 ) (5.5 ) (11.4 ) (11.3 ) Core subscription revenue14 $ 82.9 $ 60.2 $ 159.1 $ 116.0 13 Refer to the 'Key Performance Indicators' section above for additional information regarding the impact of bundled offerings on KPI calculations for the periods presented. 14 Beginning with the second quarter of 2024, this definition was updated and calculated in accordance with GAAP. Three Months Ended June 30, Six Months Ended June 30, 2025 2024 2025 2024 ($ millions, except percentages) (unaudited) Gross Profit $ 90.5 $ 63.6 $ 174.1 $ 123.6 Gross Margin 78 % 75 % 79 % 76 % Gross Margin (Subscription Only) 85 % 84 % 86 % 85 % Q2'25 gross margin increased to 78% from 75% in the prior year period, primarily due to the increased proportion of higher margin other revenue. Three Months Ended June 30, Six Months Ended June 30, 2025 2024 2025 2024 ($ millions) (unaudited) Research and development $ 32.3 $ 27.0 $ 62.7 $ 54.3 Sales and marketing 38.9 24.4 74.2 49.1 General and administrative 17.4 14.6 33.0 29.0 Total operating expenses $ 88.5 $ 66.0 $ 169.9 $ 132.4 Total operating expenses as % of revenue 77 % 78 % 78 % 81 % Q2'25 operating expenses, excluding commissions, increased 34% YoY including the pull forward of marketing and personnel cost into Q2 to support growth and capitalize on seasonal campaigns. Operating expenses declined slightly as a percentage of revenue, demonstrating our continued focus on cost discipline. Q2'25 research and development costs increased 19% YoY, primarily driven by higher personnel-related and technology costs due to Company growth. Q2'25 sales and marketing costs increased 60% YoY, primarily due to an increase in commissions, in line with the increase in subscription revenue, and an increase in growth media spend to support strategic initiatives. Q2'25 general and administrative expenses increased 19% YoY, primarily driven by Company growth. Three Months Ended June 30, Six Months Ended June 30, 2025 2024 2025 2024 ($ millions) (unaudited) Net cash provided by operating activities $ 13.3 $ 3.3 $ 25.4 $ 13.9 Net cash used in investing activities (27.8 ) (1.2 ) (32.1 ) (2.3 ) Net cash provided by financing activities 278.3 85.4 280.5 79.7 Net Increase in Cash, Cash Equivalents, and Restricted Cash 263.8 87.4 273.8 91.3 Cash, Cash Equivalents, and Restricted Cash at the End of the Period $ 434.2 $ 162.0 $ 434.2 $ 162.0 Life360 ended Q2'25 with cash, cash equivalents and restricted cash of $434.2 million, an increase of $263.8 million from Q1'25. Q2'25 operating cash flow was $13.3 million. An additional $27.8 million was used for investing activities, which includes a $25.0 million investment into convertible notes issued by Aura Consolidated Group, Inc. Additionally, $278.3 million was provided by financing activities, primarily from the issuance of the June 2025 convertible notes. Q2'25 net cash provided by operating activities of $13.3 million was lower than Adjusted EBITDA of $20.3 million primarily due to the timing of receipts and payables. See the Adjusted EBITDA section below for the definition and reconciliation of Adjusted supplement our condensed consolidated financial statements prepared and presented in accordance with GAAP, we use certain non-GAAP financial measures, as described below, to facilitate analysis of our financial and business trends and for internal planning and forecasting purposes. For more information, see the 'Supplementary and Non-GAAP Financial Information' section below. Non-GAAP financial measures include adjusted earnings before interest, taxes, depreciation and amortization ('Adjusted EBITDA') and Adjusted EBITDA Margin. Adjusted EBITDA is defined as net income (loss), excluding (i) convertible notes, derivative liability, and investment fair value adjustments, (ii) provision for (benefit from) income taxes, (iii) depreciation and amortization, (iv) other income, net, (v) acquisition, investment, and IPO related transaction costs, (vi) stock-based compensation, (vii) workplace restructuring costs, and (vii) gains and losses on the settlement of convertible notes and derivative liabilities. These items are excluded from Adjusted EBITDA because they are non-cash in nature, because the amount and timing of these items are unpredictable, or because they are not driven by core results of operations and render comparisons with prior periods and competitors less meaningful. The following table presents a reconciliation of Net income (loss), the most directly comparable GAAP measure, to Adjusted EBITDA: Three Months Ended June 30, Six Months Ended June 30, 2025 2024 2025 2024 ($ thousands, except percentages) Net income (loss) $ 7,006 $ (10,964 ) $ 11,384 $ (20,741 ) Net income (loss) margin 6 % (13)% 5 % (13)% Add (deduct): Convertible notes fair value adjustment15 — — — 608 Derivative liability fair value adjustment15 — — — 1,707 Loss on settlement of convertible notes16 — 440 — 440 Gain on settlement of derivative liability — (1,924 ) — (1,924 ) Gain on change in fair value of investments17 (1,269 ) — (1,269 ) — Provision for (benefit from) income taxes (392 ) 5,478 (606 ) 6,872 Depreciation and amortization18 3,069 2,366 5,931 4,661 Other income, net (3,353 ) (961 ) (5,328 ) (1,272 ) Acquisition and investment related transaction costs19 57 — 1,050 — Stock-based compensation 15,229 10,786 25,118 19,047 IPO-related transaction costs, including secondary offering costs — 5,784 — 5,784 Workplace restructuring costs20 — — — 105 Adjusted EBITDA $ 20,347 $ 11,005 $ 36,280 $ 15,287 Adjusted EBITDA margin 18 % 13 % 17 % 9 % 15 To reflect the change in fair value of the September 2021 Convertible Notes and derivative liability associated with the July 2021 Convertible Notes. 16 Relates to the settlement of the July 2021 Convertible Notes and September 2021 Convertible Notes. 17 Relates to the changes in fair value of the Related Party Investment and the Convertible Note Investment. Refer to the Q2'25 10-Q for the definition and additional information on the Related Party Investment and Convertible Note Investment. 18 Includes depreciation on fixed assets and amortization of intangible assets. 19 Relates to costs incurred in connection with the Convertible Note Investment and the asset acquisition of Fantix, Inc., including one-time bonus payments. 20 Relates to non-recurring personnel and severance related expenses. Q2'25 delivered a positive Adjusted EBITDA contribution of $20.3 million versus $11.0 million in Q2'24 as a result of continued strong subscription and other revenue growth and improved operating leverage. 2025 Earnings Guidance21 For FY'25, Life360 now expects to deliver: Consolidated revenue of $462 million to $482 million, increased from prior guidance of $450 million to $480 million, comprised of: Subscription revenue of $363 million to $367 million, increased from $355 million to $365 million; Hardware revenue of $42 million to $50 million, increased from $40 million to $50 million; Other revenue of $57 million to $65 million, increased from $55 million to $65 million; and Positive Adjusted EBITDA22 of $72 million to $82 million, increased from $65 million to $75 million previously. 21 With respect to forward looking non-GAAP guidance, we are not able to reconcile the forward-looking non-GAAP adjusted EBITDA measure to the closest corresponding GAAP measure without unreasonable efforts because we are unable to predict the ultimate outcome of certain significant items, which are fluid and unpredictable in nature. In addition, the Company believes such a reconciliation would imply a degree of precision that may be confusing or misleading to investors. These items include, but are not limited to, litigation costs and fair value adjustments. These items may be material to our results calculated in accordance with GAAP. 22 Adjusted EBITDA is a non-GAAP measure. For more information, including the definition of Adjusted EBITDA, the use of this non-GAAP measure, as well as a reconciliation of Net Income (Loss) to Adjusted EBITDA, refer to the 'Adjusted EBITDA' section above and the 'Supplementary and Non-GAAP Financial Information' section below. Investor Conference Call A conference call will be held today as follows: US PDT: Monday 11 August 2025 at 3 EDT: Monday 11 August 2025 at 6 Tuesday 12 August 2025 at 8 a.m. The call will be held as a Zoom audio webinar. Participants wishing to ask a question should register and join via their browser here. Participants joining via telephone will be in listen only mode. Dial in details U.S.: +1 669 444 9171Australia: +61 2 8015 6011Other countries: details Meeting ID: 982 9600 1476 A replay will be available after the call at Authorization Chris Hulls, Director, Co-Founder and Chief Executive Officer of Life360 authorized this announcement being given to ASX. About Life360 Life360, a family connection and safety company, keeps people close to the ones they love. The category-leading mobile app and Tile tracking devices empower members to stay connected to the people, pets, and things they care about most, with a range of services, including location sharing, safe driver reports, and crash detection with emergency dispatch. As a remote-first company based in the San Francisco Bay Area, Life360 serves approximately 88.0 million monthly active users (MAU), as of June 30, 2025, across more than 180 countries. Life360 delivers peace of mind and enhances everyday family life in all the moments that matter, big and small. For more information, please visit Contacts For U.S. investor inquiries: For U.S. media inquiries: Raymond (RJ) Jones Lynnette Bruno rjones@ press@ For Australian investor inquiries: For Australian media inquiries: Jolanta Masojada, +61 417 261 367 Giles Rafferty, +61 481 467 903 jmasojada@ grafferty@ Forward-looking statements This announcement and the accompanying presentation and conference call contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Life360 intends such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements regarding Life360's intentions, objectives, plans, expectations, assumptions and beliefs about future events, including Life360's expectations with respect to the financial and operating performance of its business, including subscription revenue, hardware revenue, other revenue and consolidated revenue and ability to create new revenue streams; the resiliency of Life360's core subscription business; the ability of Life360 to adapt to and mitigate the impact of macroeconomic considerations including tariffs and trade barriers; its ability to deliver contextually relevant advertisements that enhance the user experience by leveraging its extensive first-party location data; Adjusted EBITDA, and operating cash flow; expectations regarding MAUs and other member metrics; its capital position; future growth and market opportunities; plans to launch new features and products; the impact of price increases and expansion of product offerings in the UK, Australia and New Zealand on future results of operations; its expectations of growth in its data business; its expectation of a new enterprise revenue stream and enhanced location capabilities of its hardware devices as a result of its partnership with Hubble; its focus on developing a GPS lineup, built on Jiobit technology, the timing of new devices, and the potential for the next generation of hardware to drive a new wave of subscription growth; as well as Life360's expectations of any changes to the information disclosed herein. The words 'anticipate', 'believe', 'expect', 'project', 'predict', 'will', 'forecast', 'estimate', 'likely', 'intend', 'outlook', 'should', 'could', 'may', 'target', 'plan' and other similar expressions can generally be used to identify forward-looking statements. Indications of, and guidance or outlook on, future earnings or financial position or performance are also forward-looking statements. Investors and prospective investors are cautioned not to place undue reliance on these forward-looking statements as they involve inherent risk and uncertainty (both general and specific) and should note that they are provided as a general guide only and should not be relied on as an indication or guarantee of future performance. There is a risk that such predictions, forecasts, projections and other forward-looking statements will not be achieved. Subject to any continuing obligations under applicable law, Life360 does not undertake any obligation to publicly release the result of any revisions to these forward-looking statements to reflect events or circumstances after the date of this announcement, to reflect any change in expectations in relation to any forward-looking statements or any change in events, conditions or circumstances on which any such statements are based. Although Life360 believes that the expectations reflected in the forward-looking statements and the assumptions upon which they are based are reasonable, Life360 can give no assurance that such expectations and assumptions will prove to be correct and, actual results may vary in a materially positive or negative manner. Forward-looking statements are subject to known and unknown risks, uncertainty, assumptions and contingencies, many of which are outside Life360's control, and are based on estimates and assumptions that are subject to change and may cause actual results, performance or achievements to differ materially from those expressed or implied by such statements. Factors that could cause actual results to differ materially from those in the forward-looking statements include risks related to the preliminary nature of financial results, risks related to Life360's business, market risks, Life360's need for additional capital, and the risk that Life360's products and services may not perform as expected, as described in greater detail under the heading 'Risk Factors' in Life360's ASX and SEC filings, including its Annual Report on Form 10-K filed with the Securities and Exchange Commission on February 27, 2025, Quarterly Reports on Form 10-Q, and other reports filed with the SEC. To the maximum extent permitted by law, responsibility for the accuracy or completeness of any forward-looking statements whether as a result of new information, future events or results or otherwise is disclaimed. This announcement should not be relied upon as a recommendation or forecast by Life360. Past performance information given in this document is given for illustrative purposes only and is not necessarily a guide to future performance and no representation or warranty is made by any person as to the likelihood of achievement or reasonableness of any forward-looking statements, forecast financial information, future share price performance or any underlying assumptions. Nothing contained in this document nor any information made available to you is, or shall be relied upon as, a promise, representation, warranty or guarantee as to the past, present or the future performance of Life360. Condensed Consolidated Statements of Operations and Comprehensive Income (Loss)(Dollars in U.S. $, in thousands, except share and per share data)(unaudited) Three Months Ended June 30, Six Months Ended June 30, 2025 2024 2025 2024 Subscription revenue $ 88,582 $ 65,678 $ 170,456 $ 127,257 Hardware revenue 12,266 11,901 21,173 22,089 Other revenue 14,533 7,284 27,376 13,744 Total revenue 115,381 84,863 219,005 163,090 Cost of subscription revenue 13,049 10,393 23,190 19,708 Cost of hardware revenue 10,194 9,922 18,791 17,934 Cost of other revenue 1,637 922 2,974 1,809 Total cost of revenue 24,880 21,237 44,955 39,451 Gross profit 90,501 63,626 174,050 123,639 Operating expenses: Research and development 32,258 27,013 62,661 54,271 Sales and marketing 38,873 24,363 74,181 49,096 General and administrative 17,378 14,613 33,027 29,014 Total operating expenses 88,509 65,989 169,869 132,381 Income (loss) from operations 1,992 (2,363 ) 4,181 (8,742 ) Other income (expense): Convertible notes fair value adjustment — — — (608 ) Derivative liability fair value adjustment — — — (1,707 ) Loss on settlement of convertible notes — (440 ) — (440 ) Gain on settlement of derivative liability — 1,924 — 1,924 Gain on change in fair value of investments 1,269 — 1,269 — Other income (expense), net 3,353 (4,607 ) 5,328 (4,296 ) Total other income (expense), net 4,622 (3,123 ) 6,597 (5,127 ) Income (loss) before income taxes 6,614 (5,486 ) 10,778 (13,869 ) Provision for (benefit from) income taxes (392 ) 5,478 (606 ) 6,872 Net income (loss) 7,006 — (10,964 ) 11,384 (20,741 ) Net income (loss) per share, basic $ 0.09 (0.15 ) $ 0.15 (0.30 ) Net income (loss) per share, diluted 0.08 (0.15 ) 0.14 (0.30 ) Weighted-average shares used in computing net income (loss) per share, basic 76,797,385 70,760,080 76,254,119 69,647,853 Weighted-average shares used in computing net income (loss) per share, diluted 84,476,048 70,760,080 83,980,695 69,647,853 Comprehensive income (loss) Net income (loss) 7,006 (10,964 ) 11,384 (20,741 ) Change in foreign currency translation adjustment (101 ) (4 ) (100 ) (3 ) Total comprehensive income (loss) $ 6,905 $ (10,968 ) $ 11,284 $ (20,744 ) Condensed Consolidated Balance Sheets(Dollars in U.S. $, in thousands)(unaudited) June 30,2025 December 31,2024 Assets Current Assets: Cash and cash equivalents $ 432,710 $ 159,238 Accounts receivable, net 58,854 57,997 Inventory 9,673 8,057 Costs capitalized to obtain contracts, net 1,231 1,098 Prepaid expenses and other current assets 18,741 14,599 Total current assets 521,209 240,989 Restricted cash, noncurrent 1,518 1,221 Property and equipment, net 3,042 1,779 Costs capitalized to obtain contracts, noncurrent 965 1,049 Prepaid expenses and other assets, noncurrent 49,194 21,611 Operating lease right-of-use asset 512 683 Intangible assets, net 42,520 40,574 Goodwill 134,619 133,674 Total Assets $ 753,579 $ 441,580 Liabilities and Stockholders' Equity Current Liabilities: Accounts payable 2,966 $ 5,463 Accrued expenses and other current liabilities 27,152 32,015 Deferred revenue, current 42,833 39,860 Total current liabilities 72,951 77,338 Convertible notes, net, noncurrent 309,298 — Deferred revenue, noncurrent 4,507 5,338 Other liabilities, noncurrent 165 359 Total Liabilities $ 386,921 $ 83,035 Commitments and Contingencies Stockholders' Equity Common stock 78 75 Additional paid-in capital 644,950 648,124 Accumulated deficit (278,314 ) (289,698 ) Accumulated other comprehensive (loss) income (56 ) 44 Total stockholders' equity 366,658 358,545 Total Liabilities and Stockholders' Equity $ 753,579 $ 441,580 Condensed Consolidated Statements of Cash Flows(Dollars in U.S. $, in thousands)(unaudited) Six Months Ended June 30, 2025 2024 Cash Flows from Operating Activities: Net income (loss) $ 11,384 $ (20,741 ) Adjustments to reconcile net income (loss) to net cash provided by operating activities: Depreciation and amortization 5,931 4,661 Amortization of costs capitalized to obtain contracts 594 663 Amortization of operating lease right-of-use asset 171 163 Stock-based compensation expense, net of amounts capitalized 25,118 19,047 Non-cash interest expense, net 181 59 Convertible notes fair value adjustment — 608 Derivative liability fair value adjustment — 1,707 Loss on settlement of convertible notes — 440 Gain on settlement of derivative liability — (1,924 ) Gain on change in fair value of investments (1,269 ) — Non-cash revenue from investments (636 ) (891 ) Provision for credit losses 350 — Changes in operating assets and liabilities, net of acquisition: Accounts receivable, net (1,206 ) 1,554 Prepaid expenses and other assets (5,456 ) 6,024 Inventory (1,616 ) (1,446 ) Costs capitalized to obtain contracts, net (642 ) (785 ) Accounts payable (2,585 ) 4,135 Accrued expenses and other current liabilities (7,520 ) (783 ) Deferred revenue 2,778 1,512 Other liabilities, noncurrent (194 ) (63 ) Net cash provided by operating activities 25,383 13,940 Cash Flows from Investing Activities: Cash paid for acquisition (2,825 ) — Internally developed software (3,498 ) (2,272 ) Purchase of property and equipment (766 ) (51 ) Convertible note investment (25,000 ) — Net cash used in investing activities (32,089 ) (2,323 ) Cash Flows from Financing Activities: Proceeds related to tax withholdings on restricted stock settlements and the exercise of stock options and warrants 29,570 4,461 Taxes paid related to net settlement of equity awards (25,767 ) (15,944 ) Proceeds from issuance of common stock in U.S. initial public offering, net of underwriting discounts and commissions — 93,000 Payments of U.S. initial public offering issuance costs — (1,837 ) Proceeds from issuance of convertible senior notes 320,000 — Payments of debt issuance costs (9,600 ) — Purchase of capped calls (33,728 ) — Net cash provided by financing activities 280,475 79,680 Net Increase in Cash, Cash Equivalents, and Restricted Cash 273,769 91,297 Cash, Cash Equivalents and Restricted Cash at the Beginning of the Period 160,459 70,713 Cash, Cash Equivalents, and Restricted Cash at the End of the Period $ 434,228 $ 162,010 Supplementary and Non-GAAP Financial Information We report our financial results in accordance with GAAP, however, management believes that certain non-GAAP financial measures, such as Adjusted EBITDA, and the other measures presented in the tables below provide useful information to investors and others in understanding and evaluating our results of operations, as well as providing useful measures for period-to-period comparisons of our business performance. Moreover, we have included non-GAAP financial measures in this media release because they are key measurements used by our management team internally to make operating decisions, including those related to operating expenses, evaluate performance, and perform strategic planning and annual budgeting. Our non-GAAP financial measures are presented for supplemental informational purposes only, may not be comparable to similarly titled measures used by other companies and should not be used as substitutes for analysis of, or superior to, our operating results as reported under GAAP. Additionally, we do not consider our non-GAAP financial measures as superior to, or a substitute for, the equivalent measures calculated and presented in accordance with GAAP. As such, you should consider these non-GAAP financial measures in addition to other financial performance measures presented in accordance with GAAP, including various cash flow metrics, net income (loss) and our other GAAP results. Non-GAAP cost of revenue is presented to understand margin economically and non-GAAP operating expenses are presented to understand operating efficiency. Non-GAAP cost of revenue and Non-GAAP operating expenses present direct and indirect expenses adjusted for non-cash expenses, such as stock-based compensation, depreciation and amortization, and non-recurring expenses, such as workplace restructuring costs, and transaction costs related to acquisitions, investments, and our IPO. A reconciliation of GAAP financial information to Non-GAAP financial information for cost of revenue and operating expenses has been provided as supplementary information below. GAAP Cost of Revenue to Non-GAAP Cost of Revenue Reconciliation23 Three Months Ended June 30, Six Months Ended June 30, 2025 2024 2025 2024 (in millions) Cost of subscription revenue, GAAP $ 13.0 $ 10.4 $ 23.2 $ 19.7 Less: Depreciation and amortization, GAAP (0.9 ) (0.4 ) (1.6 ) (0.7 ) Less: Stock-based compensation, GAAP (0.7 ) (0.2 ) (0.9 ) (0.4 ) Total cost of subscription revenue, Non-GAAP $ 11.5 $ 9.8 $ 20.7 $ 18.7 Cost of hardware revenue, GAAP $ 10.2 $ 9.9 $ 18.8 $ 17.9 Less: Depreciation and amortization, GAAP (1.0 ) (0.9 ) (1.9 ) (1.8 ) Less: Stock-based compensation, GAAP (0.4 ) (0.2 ) (0.7 ) (0.4 ) Total cost of hardware revenue, Non-GAAP $ 8.8 $ 8.8 $ 16.2 $ 15.7 Cost of other revenue, GAAP $ 1.6 $ 0.9 $ 3.0 $ 1.8 Less: Depreciation and amortization, GAAP (0.2 ) — (0.2 ) — Total cost of other revenue, Non-GAAP $ 1.5 $ 0.9 $ 2.7 $ 1.8 Cost of revenue, GAAP $ 24.9 $ 21.2 $ 45.0 $ 39.5 Less: Depreciation and amortization, GAAP (2.0 ) (1.3 ) (3.8 ) (2.5 ) Less: Stock-based compensation, GAAP (1.2 ) (0.4 ) (1.6 ) (0.8 ) Total cost of revenue, Non-GAAP $ 21.7 $ 19.5 $ 39.6 $ 36.2 23 For the definition of cost of revenue, Non-GAAP, refer to the "Supplementary and Non-GAAP Financial Information" section above. GAAP Operating expenses to Non-GAAP Operating Expenses Reconciliation24 Three Months Ended June 30, Six Months Ended June 30, 2025 2024 2025 2024 (in millions) Research and development expense, GAAP $ 32.3 $ 27.0 $ 62.7 $ 54.3 Less: Stock-based compensation, GAAP (7.8 ) (6.5 ) (13.5 ) (11.8 ) Less: Other, GAAP — — (0.7 ) — Total Research and development, Non-GAAP $ 24.5 $ 20.5 $ 48.5 $ 42.4 Sales and marketing expense, GAAP $ 38.9 $ 24.4 $ 74.2 $ 49.1 Less: Depreciation and amortization, GAAP (1.1 ) (1.1 ) (2.1 ) (2.1 ) Less: Stock-based compensation, GAAP (2.0 ) (0.8 ) (3.4 ) (1.4 ) Total Sales and marketing expense, Non-GAAP $ 35.8 $ 22.5 $ 68.7 $ 45.6 General and administrative expense, GAAP $ 17.4 $ 14.6 $ 33.0 $ 29.0 Less: Stock-based compensation, GAAP (4.2 ) (3.1 ) (6.7 ) (5.1 ) Less: Other, GAAP (0.1 ) (0.3 ) (0.3 ) (0.4 ) Total General and administrative expense, Non-GAAP $ 13.1 $ 11.2 $ 26.0 $ 23.6 Total Operating expenses, GAAP $ 88.5 66.0 169.9 132.4 Less: Depreciation and amortization, GAAP (1.1 ) (1.1 ) (2.1 ) (2.1 ) Less: Stock-based compensation, GAAP (14.1 ) (10.4 ) (23.6 ) (18.3 ) Less: Other, GAAP (0.1 ) (0.3 ) (1.0 ) (0.4 ) Total Operating expenses, Non-GAAP $ 73.3 $ 54.3 $ — $ 143.1 $ 111.6 24 For the definition of operating expenses, Non-GAAP, refer to the "Supplementary and Non-GAAP Operating Information" section produjo un error al recuperar la información Inicia sesión para acceder a tu portafolio Se produjo un error al recuperar la información Se produjo un error al recuperar la información Se produjo un error al recuperar la información Se produjo un error al recuperar la información
Business Wire
14 minutes ago
- Business Wire
Piedmont Lithium Announces Adjournment of 2025 Special Meeting of Stockholders Until August 22, 2025
BELMONT, N.C.--(BUSINESS WIRE)--Piedmont Lithium Inc. ('Piedmont,' the 'Company') (Nasdaq: PLL; ASX: PLL), a leading North American supplier of lithium products critical to the U.S. electric vehicle supply chain, today announced that after convening the Company's 2025 Special Meeting of Stockholders (the 'Special Meeting') virtually on Monday, August 11, 2025 at 11 a.m. Eastern Time, the Company adjourned the Special meeting until Friday, August 22, 2025 at 11 a.m. Eastern Time. Piedmont Lithium will be holding its adjourned Special Meeting in virtual-only format, by way of webcast, and no physical or in-person meeting will be held. 'With 47.05% of the shares outstanding and 97.77% of the votes case in favor of the proposed merger with Sayona, we've seen meaningful progress and continued strong support for the proposal over the last week,' said Keith Phillips, President and CEO of Piedmont Lithium. 'However, the fact remains that we have not received votes from the majority of the shares outstanding needed to approve the transaction. This merger cannot move forward without shareholder approval, and we urge every shareholder that has not yet voted to do so as soon as possible.' VOTING INSTRUCTIONS FOR COMMON STOCKHOLDERS: Online – Visit and enter the control number provided with your proxy card. By Phone – If you do not know your control number, call (855) 206-1066 VOTING INSTRUCTIONS FOR CHESS DEPOSITARY INTERESTS ('CDIs') HOLDERS: Online – Visit By Phone – Call 1300-237-569 (within Australia) or +61-2-9066-4055 (outside Australia) At the time of the Special Meeting on August 11, a total of 10,645,325 shares of the Company's common stock, or 48.50% of the common stock outstanding and entitled to vote as of June 16, 2025 (including shares of common stock underlying CDIs), the record date for the Special Meeting (the 'Record Date'), were present at the Special Meeting, either virtually or represented by proxy, which fell short of the majority of shares of common stock outstanding and entitled to vote required to reach quorum. For the sole reason of the lack of quorum, the Company adjourned the Special Meeting to provide the Company's stockholders additional time to vote their shares. The preliminary voting tabulation, as of the time of the August 11 Special Meeting, is set forth below. As a reminder, the polls remain open and we encourage all stockholders to vote their shares if they have not already done so. Details of the final voting results, including votes validly received at the adjourned Special Meeting, will be tabulated and included with the official minutes of the Special Meeting and will be available for all stockholders in our filings with the U.S. Securities and Exchange Commission within four business days. 1. To adopt the Agreement and Plan of Merger, dated as of November 18, 2024 (as it may be further amended from time to time, the 'Merger Agreement'), by and among Sayona Mining Limited, Shock MergeCo Inc., and Piedmont Lithium Inc. (Proposal 1): 2. To approve, on a non-binding, advisory basis, the compensation that will or may become payable by Piedmont to its named executive officers in connection with the merger contemplated by the merger agreement (Proposal 2): 3. To postpone or adjourn the Special Meeting, from time to time, to a later date or dates, if necessary or appropriate, including to solicit additional proxies if there are insufficient votes to adopt the merger agreement at the time of the Special Meeting (Proposal 3): We encourage all stockholders to actively take steps to vote their shares. See below under 'How do I vote' for instructions on how to vote if you have not already voted. We encourage all stockholders and interested parties to refer to the Proxy Statement which can be found on our website at You can also find our proxy materials, including our proxy statement dated June 20, 2025 (the 'Proxy Statement') on our website in the 'Investors' section under 'Financials and Reports.' The Proxy Statement is also available at How can I participate in the adjourned virtual Special Meeting? Stockholders of record as of the close of business on the Record Date are entitled to participate in and vote at the adjourned virtual Special Meeting on August 22, 2025 at 11 a.m. Eastern Time. To participate in the adjourned Special Meeting, including to vote, ask questions and view the list of registered stockholders as of the Record Date during the meeting, stockholders of record should go to the same meeting website at enter the 16-digit control number found on your proxy card or Notice of Internet Availability of Proxy Materials (the 'Notice') and follow the instructions on the website. If your shares are held in street name and your voting instruction form or Notice indicates that you may vote those shares through then you may access, participate in and vote at the adjourned Special Meeting with the 16-digit access code indicated on that voting instruction form or Notice. Otherwise, stockholders who hold their shares in street name should contact their bank, broker or other nominee (preferably at least five days before the adjourned Special Meeting) and obtain a 'legal proxy' in order to be able to attend, participate in or vote at the adjourned Special Meeting. The meeting webcast will begin promptly at 11 a.m. Eastern Time. Online check-in will begin approximately 15 minutes before then, and we encourage you to allow ample time for check-in procedures. If you experience technical difficulties during the check-in process or during the meeting, please call the number listed on the meeting website for technical support. Additional information regarding the rules and procedures for participating in the adjourned Special Meeting will be set forth in our meeting rules of conduct, which stockholders can view during the meeting at the meeting website. Regardless of whether you plan to participate in the adjourned Special Meeting, it is important that your shares be represented and voted. Accordingly, we encourage you to vote in advance of the adjourned Special Meeting. How do I vote? Full details on how to vote, change or revoke a vote, appoint a proxyholder, attend the adjourned virtual Special Meeting, ask questions and other general proxy matters are available in the Proxy Statement, available on the Company's website or the website. The record date for determining stockholders and CDI holders eligible to vote at the Special Meeting will remain the close of business on June 16, 2025. Stockholders and CDI holders who have already submitted a valid proxy or in the case of CDI holders, a CDI voting instruction form, do not need to vote again for the adjourned Special Meeting, as the proxies and CDI voting instructions submitted will remain valid. Stockholders and CDI holders who have already submitted a proxy or CDI voting instruction form and want to change their vote, can update their vote in the manner set forth in the Proxy Statement. CDI holders can either lodge a new CDI voting instruction form provided by the Company's share registry or by using the original CDI voting instruction form which was sent to CDI holders with the Proxy Statement. Your vote will be recorded at the adjourned Special Meeting in accordance with your most recently submitted proxy or CDI voting instruction form. Stockholders and CDI holders who have already submitted a proxy or CDI voting instruction form and do not wish to change their voting instruction do not need to take any action. Piedmont Lithium stockholders and CDI holders as of close of business on the Record Date who have not voted are encouraged to vote by following the instructions in the Proxy Statement. Stockholders that need assistance voting or have questions may contact the Company's proxy solicitation firm, Morrow Sodali, at PLL@ Previously, the voting cut-off date for CDI holders was 7 a.m. Australian Eastern Standard Time, Thursday, August 7, 2025. Due to the adjournment of the Special Meeting, the voting cut-off time for CDI holders has now been extended to Wednesday, August 20, 2025 at 7 a.m. Australian Eastern Standard Time. CDI voting instruction forms received later than this time will be invalid. Whether or not you plan to attend the adjourned virtual Special Meeting, we urge you to vote and submit your proxy or CDI voting instruction form in advance of the Special Meeting by one of the methods described in the Proxy Statement found on our corporate website. About Piedmont Piedmont Lithium Inc. (Nasdaq: PLL; ASX: PLL) is developing a world-class, multi-asset, integrated lithium business focused on enabling the transition to a net zero world and the creation of a clean energy economy in North America. Our goal is to become one of the largest lithium hydroxide producers in North America by processing spodumene concentrate produced from assets where we hold an economic interest. Our projects include our Carolina Lithium project in the United States and partnerships in Quebec with Sayona Mining (ASX: SYA) and in Ghana with Atlantic Lithium (AIM: ALL; ASX: A11). We believe these geographically diversified operations will enable us to play a pivotal role in supporting America's move toward energy independence and the electrification of transportation and energy storage.
Business Wire
14 minutes ago
- Business Wire
Newmont Corporation Announces Pricing of its Tender Offers for $2 billion of Certain Outstanding Series of Notes
DENVER--(BUSINESS WIRE)--Newmont Corporation (NYSE: NEM, ASX: NEM, TSX: NGT, PNGX: NEM) (Newmont or the Company) announced today the pricing terms of its previously announced offers (each, a 'Tender Offer' and, collectively, the 'Tender Offers') to purchase for cash up to $2,000,030,000 aggregate principal amount (the 'Aggregate Cap') of its outstanding series of notes listed in the table below (collectively, the 'Notes'). The Tender Offers are being made pursuant to the terms and subject to the conditions set forth in the offer to purchase, dated July 28, 2025 (the 'Offer to Purchase'). All capitalized terms not defined herein shall have the meanings ascribed to those terms in the Offer to Purchase. The table below sets forth, among other things, the Total Consideration for each series of such Notes, as calculated at 10:00 a.m., Eastern Time, on August 11, 2025. (1) The Pool 1 Maximum Amount of $1,000,030,000 represents the maximum aggregate principal amount of Notes in respect of the Pool 1 Notes that may be purchased in the Pool 1 Tender Offers. The Pool 2 Maximum Amount of $1,000,000,000 represents the maximum aggregate principal amount of Notes in respect of the Pool 2 Notes that may be purchased in the Pool 2 Tender Offers. (2) Subject to the Aggregate Cap, the Maximum Amounts and proration, if applicable, the aggregate principal amount of each series of Notes that is purchased in each Tender Offer will be determined in accordance with the applicable Acceptance Priority Level (in numerical priority order) specified in this column. (3) Includes an early tender payment of $50.00 per $1,000 principal amount of Notes of each series validly tendered (and not validly withdrawn) and accepted for purchase pursuant to the applicable Tender Offer. (4) The Total Consideration for each series of Notes validly tendered prior to or at the Early Tender Date and accepted for purchase is calculated using the applicable Fixed Spread and is inclusive of the applicable Early Tender Payment (as defined below). The Total Consideration for each series of Notes does not include the applicable Accrued Interest, which will be payable in addition to the applicable Total Consideration. (5) Notes with CUSIPs 65163LAB5, 65163LAH2, 65163LAA7, Q6684MAA1, 65163LAG4 and Q6684MAD5 are co-issued with Newcrest Finance Pty Limited. Notes with CUSIPs Q66511AE8 and 65120FAD6 are issued by Newcrest Finance Pty Limited. (6) Notes with CUSIPs 65163LAC3, Q6684MAB9, 65163LAJ8, Q6684MAE3, 65163LAD1 and 65163LAK5 are co-issued with Newcrest Finance Pty Limited. Notes with CUSIPs Q66511AB4 and 65120FAB0 are issued by Newcrest Finance Pty Limited. Expand In addition to the applicable Total Consideration for each series of Notes, holders who have validly tendered (and not validly withdrawn) their Notes at or prior to 5:00 p.m., Eastern Time, on August 8, 2025 (such time and date, the 'Early Tender Deadline') and whose Notes were accepted for purchase pursuant to the applicable Tender Offer will receive accrued and unpaid interest on the Notes accepted for purchase pursuant to the applicable Tender Offer from and including the most recent interest payment date to but excluding the Early Settlement Date, which is currently expected to be August 13, 2025. The applicable Total Consideration listed in the table above will be paid per $1,000 principal amount of each series of Notes validly tendered and accepted for purchase pursuant to the applicable Tender Offer on the Early Settlement Date. Only holders of Notes who validly tendered and did not validly withdraw their Notes prior to or at the Early Tender Date are eligible to receive the applicable Total Consideration for Notes accepted for purchase. BMO Capital Markets Corp., Goldman Sachs & Co. LLC and J.P. Morgan Securities LLC are acting as the dealer managers in connection with the Tender Offers (collectively, the 'Dealer Managers'). D.F. King & Co., Inc. is acting as the information and tender agent in connection with the Tender Offers (the 'Information and Tender Agent'). Requests for assistance relating to the Tender Offers or for additional copies of the Offer to Purchase or other related documents may be directed to BMO Capital Markets Corp. at (212) 702-1840 (collect) and (833) 418-0762 (toll free), Goldman Sachs & Co. LLC at (212) 934-0773 (collect) and (800) 828-3182 (toll free) and J.P. Morgan Securities LLC at (212) 834-3554 (collect) and (866) 834-4666 (toll free) or to the Information and Tender Agent at (212) 257-2639 (banks and brokers) and (866) 342-4881 (toll free). Holders of the Notes may also contact their broker, dealer, commercial bank, trust company or other nominee or intermediary for assistance concerning the Tender Offers. Holders of the Notes are urged to review the Offer to Purchase for the detailed terms of the Tender Offers and the procedures for tendering their Notes. Neither the Offer to Purchase nor any related documents have been filed with the U.S. Securities and Exchange Commission, nor have any such documents been filed with or reviewed by any federal or state securities commission or regulatory authority of any country. No authority has passed upon the accuracy or adequacy of the Offer to Purchase or any related documents, and it is unlawful and may be a criminal offense to make any representation to the contrary. This press release does not constitute an offer to purchase, or a solicitation of an offer to sell, or the solicitation of tenders with respect to, the Notes or any other securities. No offer, solicitation, purchase or sale will be made in any jurisdiction in which such an offer, solicitation, purchase or sale would be unlawful. The Tender Offers are being made solely pursuant to the Offer to Purchase and only to such persons and in such jurisdictions as is permitted under applicable law. None of Newmont, the Dealer Managers, the Information and Tender Agent or the trustees with respect to the Notes makes any recommendation as to whether holders of the Notes should tender, or refrain from tendering, all or any portion of the principal amount of their Notes pursuant to the Tender Offers, and no one has been authorized by any of them to make such a recommendation. Holders of the Notes must make their own decision as to whether to tender any of their Notes and, if so, the principal amount of their Notes to tender pursuant to the Tender Offers. About Newmont Newmont is the world's leading gold Company and producer of copper, zinc, lead, and silver. Newmont's world-class portfolio of assets, prospects and talent is anchored in favorable mining jurisdictions in Africa, Australia, Latin America & Caribbean, North America, and Papua New Guinea. Newmont is the only gold producer listed in the S&P 500 Index and is widely recognized for its principled environmental, social, and governance practices. Newmont is an industry leader in value creation, supported by robust safety standards, superior execution, and technical expertise. Founded in 1921, Newmont has been publicly traded since 1925. At Newmont, our purpose is to create value and improve lives through sustainable and responsible mining. Cautionary Statement Regarding Forward Looking Statements: This release contains 'forward-looking statements' within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995, which are intended to be covered by the safe harbor created by such sections and other applicable laws. All statements regarding the expiration and closing of the Tender Offers and future satisfaction of terms and subject to the conditions set forth in the offer to purchase that are not statements of historical fact are forward-looking statements. Such statements are based upon the current beliefs and expectations of the Company's management and are subject to risks and uncertainties. Actual results could differ materially from those expressed in or implied by the forward-looking statements contained in this release because of a variety of factors, including, but not limited to, general market conditions which might affect the Tender Offers and other factors identified in the offer to purchase and the Company's periodic reports. For a discussion of such risks and other factors that might impact future looking statements, see Newmont's Annual Report on Form 10-K for the year ended December 31, 2024 filed with the U.S. Securities and Exchange Commission (the 'SEC') on February 21, 2025, under the heading 'Risk Factors,' and other factors identified in Newmont's reports filed with the SEC, available on the SEC website or at Newmont does not undertake any obligation to release publicly revisions to any 'forward-looking statement,' including, without limitation, outlook, to reflect events or circumstances after the date of this press release, or to reflect the occurrence of unanticipated events, except as may be required under applicable securities laws. Investors should not assume that any lack of update to a previously issued 'forward-looking statement' constitutes a reaffirmation of that statement. Continued reliance on 'forward-looking statements' is at investors' own risk. Investors are also encouraged to review our Form 10-Q for the quarter ended June 30, 2025, filed on July 24, 2025.
