Latest news with #EBITDA
Yahoo
6 hours ago
- Business
- Yahoo
Unity upgraded to Buy at Jefferies on accelerating revenue growth expectations
As previously reported, Jefferies upgraded Unity (U) to Buy from Hold with a price target of $29, up from $22, based on the view that the improved Vector ad model can drive accelerating revenue growth in FY26 and beyond. While acknowledging it is early, the firm says green shoots being seen from Vector, upcoming feature upgrades, and new management give it confidence in at least high-single digit percentage revenue growth in FY26 and it believes the risk-reward is favorable as it sees potential for 'significant EBITDA upside.' Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See Insiders' Hot Stocks on TipRanks >> Read More on U: Disclaimer & DisclosureReport an Issue Unity upgraded to Buy from Hold at Jefferies Unusual call flow in option market yesterday Record call volume in Unity Software opens position 22% above spot Unity Software call volume above normal and directionally bullish Unity price target lowered to $30 from $33 at Needham Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
6 hours ago
- Business
- Yahoo
Pyxis Tankers price target lowered to $9 from $10 at Alliance Global Partners
Alliance Global Partners lowered the firm's price target on Pyxis Tankers (PXS) to $9 from $10 and keeps a Buy rating on the shares. The firm notes the company reported adjusted Q1 EBITDA of $3.5M, which was lower than its estimate of $4.4M mainly due to softer tanker and dry bulk TCE revenue and TCE rates. Alliance Global expects a firmer year in 2026, but its full year 2026 EBITDA estimate moves to $24.5M from $27.9M. Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See today's best-performing stocks on TipRanks >> Read More on PXS: Disclaimer & DisclosureReport an Issue Pyxis Tankers reports Q1 EPS 7c vs 30c last year Pyxis Tankers (PXS) Q1 Earnings Cheat Sheet Pyxis Tankers announces loan commitment for potential fleet expansion Pyxis Tankers Schedules 2025 Shareholders Meeting for Director Election Pyxis Tankers to Release 2024 Financial Results Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Entrepreneur
10 hours ago
- Business
- Entrepreneur
Nykaa Reports Strong FY25 Performance with 24% Revenue Growth
In the fourth quarter, Nykaa's gross merchandise value (GMV) reached INR 4,102 crore, marking a 27 per cent year-on-year increase. Revenue from operations for the quarter rose 24 per cent to INR 2,062 crore, while EBITDA grew 43 per cent to INR 133 crore. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. Nykaa has reported a sharp jump in profitability and consistent revenue growth for the fourth quarter and full financial year ended March 31, 2025. In a regulatory filing released on Friday, the company said it continued its strong momentum across all business segments, driven by robust demand and operational efficiencies. In the fourth quarter, Nykaa's gross merchandise value (GMV) reached INR 4,102 crore, marking a 27 per cent year-on-year increase. Revenue from operations for the quarter rose 24 per cent to INR 2,062 crore, while EBITDA grew 43 per cent to INR 133 crore. The company also saw an improvement in its EBITDA margin to 6.5 per cent, compared to 5.6 per cent in the same period last year. Profit before tax in Q4 doubled to INR 40 crore, and net profit surged 110 per cent to INR 19 crore. For the full year, Nykaa posted a consolidated GMV of INR 15,604 crore, reflecting 25 per cent growth over FY24. Annual revenue from operations climbed 24 per cent to INR 7,950 crore. EBITDA for the year stood at INR 474 crore, up 37 per cent from the previous year. Margins improved to 6.0 per cent, compared to 5.4 per cent in FY24. The beauty and fashion e-commerce firm also recorded a substantial jump in bottom-line numbers. Profit before tax for the year grew 85 per cent to INR 127 crore, while net profit rose 81 per cent to INR 72 crore. The regulatory filing highlights consistent gains in both topline and profitability metrics, underlining the company's ability to scale while maintaining cost discipline. Gross profit for the year rose 27 per cent year-on-year to INR 3,477 crore. Nykaa's latest results point to the increasing maturity of its business model and its continued focus on strengthening margins while growing market share.
Yahoo
12 hours ago
- Business
- Yahoo
FSN E-Commerce Ventures Ltd (BOM:543384) Q4 2025 Earnings Call Highlights: Strong Growth in ...
GMV (Gross Merchandise Value) Q4: INR 4,102 crores, 27% YoY growth. Net Revenue Q4: INR 2,062 crores, 24% YoY growth. Gross Margin Q4: 44.1%, improved by 51 basis points YoY. EBITDA Q4: INR 133 crores, 6.5% of revenue, 43% YoY growth. PAT (Profit After Tax) Q4: INR 19 crores, 0.9% of net revenue, 10% YoY growth. Full Year GMV: INR 15,604 crores, 25% YoY growth. Full Year Net Revenue: INR 7,950 crores, 24% YoY growth. Full Year Gross Margin: 43.7%, improved by 84 basis points. Full Year EBITDA: INR 474 crores, 6% of net revenue, 37% YoY growth. Full Year PAT: INR 72 crores, 0.9% of net revenue, 81% YoY growth. Beauty GMV Q4: INR 3,058 crores, 31% YoY growth. Beauty Full Year GMV: INR 11,775 crores, 30% YoY growth. Fashion GMV Q4: 18% YoY growth. Fashion Full Year GMV: INR 3,804 crores, 12% YoY growth. Customer Base: 42 million, 28% growth. Store Count: 237 stores, 50 new stores added in FY25. House of Brands GMV: INR 2,100 crores. Superstore GMV: INR 950 crores, 57% YoY growth. Operating Cash Flow: INR 467 crores. Warning! GuruFocus has detected 2 Warning Signs with TIGR. Release Date: May 30, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. FSN E-Commerce Ventures Ltd (BOM:543384) reported a strong 27% year-on-year growth in GMV for Q4 FY25, reaching INR4,102 crores. The company's net revenue grew by 24% year-on-year, amounting to INR2,062 crores for the quarter. Gross margins improved by 51 basis points year-on-year, reaching 44.1% for the quarter. EBITDA increased by 43% year-on-year, resulting in an EBITDA margin of 6.5% for the quarter. The beauty segment showed robust growth, with a 31% increase in GMV for Q4 and a 30% increase for the full year. The fashion segment experienced slower growth compared to beauty, with only an 18% year-on-year increase in GMV for Q4. Despite improvements, the fashion segment's growth was muted at 12% year-on-year for the full year. The company's PAT margin remains low at 0.9% of net revenue for the quarter. There is ongoing competitive pressure in the beauty segment, which could impact margins. The company continues to face challenges in achieving profitability in its eB2B business, requiring further investment. Q: How should one think about steady state margins for the BPC business, and how is the traction for fast delivery services like Nykaa Now? A: Anchit Nayar, Executive Director, explained that the beauty vertical consists of three different businesses with varying margin profiles: beauty multi-brand retail, own brands, and eB2B. Each business is improving its margins, but the mix of these businesses affects the overall margin outlook. Nykaa Now, their rapid delivery service, is live in multiple metros and has shown promising traction, with plans to expand to more cities. Q: What could be the steady state growth for the fashion industry, and are there any changes to the EBITDA breakeven guidance? A: Abhijeet Dabas, Executive Vice President and Business Head - Fashion eCommerce, stated that the fashion industry is still underpenetrated online, and Nykaa is confident in continuing its growth momentum. Structural improvements have been made towards profitability, and more details will be shared during the upcoming Investor Day. Q: Does the fashion business require a stronger offline presence, and are there any new categories being considered? A: Falguni Nayar, Executive Chairman, CEO, and MD, mentioned that while physical retail is important, e-commerce remains crucial due to the diverse market and brand reach in India. Nykaa is investing in physical retail but believes e-commerce will continue to be significant. The wellness category is also being explored as a potential area for growth. Q: Can you share insights on customer overlap and behavior between online and offline channels in the beauty business? A: Anchit Nayar highlighted that there is significant overlap between online and offline customers, with different use cases for each channel. Consumers often shop both online for convenience and offline for experiential learning, and Nykaa's strategy is to offer both channels at scale. Q: What is driving the growth and profitability of the eB2B business, and how should we think about its future outlook? A: Falguni Nayar indicated that growth is driven by geographic expansion, brand partnerships, and improving margins. The business is on a path to profitability, but it requires continued investment and development. More detailed guidance will be provided at the annual meeting. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Sign in to access your portfolio
Globe and Mail
17 hours ago
- Business
- Globe and Mail
Trans Mountain Corporation Releases First Quarter 2025 Financial Results
CALGARY, Alberta, May 30, 2025 (GLOBE NEWSWIRE) -- Trans Mountain Corporation ('TMC' or 'the Company') has released its financial statements and associated management report for the three months ending March 31, 2025. The Company's financial results are also included in Canada Development Investment Corporation's ('CDEV') consolidated quarterly financial statements. Adjusted earnings before interest, taxes, depreciation, and amortization ('EBITDA') reflect the performance of TMC's base business. Revenues and Adjusted EBITDA have increased significantly following the commercial commencement of the Expanded System on May 1, 2024. Financial Highlights: EBITDA: For the three-month period ending March 31, 2025, Adjusted EBITDA increased by $532 million to $568 million, compared to $36 million in the same period of the prior year. Capital Structure: In December 2024, Canada TMP Finance Ltd., the entity which holds the Government of Canada's investment in TMC, provided funding to repay $17.9 billion of guaranteed third-party debt. The refinancing results in lower interest costs for the Company, making additional funds available to optimize the system, grow, pay down debt or increase returns to its shareholder. Capital Return: During the first quarter an aggregate of $311 million was paid to Canada TMP Finance Ltd., consisting of $148 million in interest payments and $163 million in cash dividends. These distributions are expected to grow significantly in 2026 and beyond. Operational Highlights: Throughput: During the first quarter, the Expanded System had an average daily mainline throughput of approximately 757,000 barrels per day (bpd), including 445,000 bpd to Westridge Marine Terminal, 227,000 bpd to Washington state on the Puget Sound Pipeline and 85,000 bpd to BC delivery points. Vessel Traffic: For the three-month period ending March 31, 2025, 74 vessels were loaded at Westridge Marine Terminal, including 29 vessels in March marking a new monthly high for the Expanded System's operation. Since the commercial commencement of the Expanded System on May 1, 2024, TMC has loaded 266 vessels at the terminal. Third-party information suggests vessel destinations have been broadly split between the US West Coast and Asia. Loading Performance: Ship loading performance remains strong. During the quarter, approximately 90 per cent of ships were loaded on time, with delays attributable to vessel operator factors. Since the commercial commencement of the Expanded System, all deliveries have been subject to the Expanded System tariff and tolls. Contractually committed revenues associated with the 15-and 20-year transportation service contracts covering approximately 80 per cent of the Expanded System's capacity have resulted in a significant increase to transportation volumes, revenues and Adjusted EBITDA. TMC reported net income of $148 million for the first quarter of 2025, as compared to $158 million in the same period of the prior year. While Adjusted EBITDA reflects the results from the Company's base business, net income incorporates depreciation and amortization expense, as well as the significant financing impacts of the Trans Mountain Expansion Project ('TMEP'), specifically, the equity allowance for funds used during construction ('AFUDC'), interest expense and capitalized debt financing costs. While net income decreased by $10 million year-over year, the underlying factors changed significantly. Interest expense before capitalized debt financing costs was materially lower, reflecting the recapitalization of TMC's balance sheet in December 2024. However, these savings were offset by increased depreciation and amortization expense, and the cessation of equity AFUDC and capitalized debt financing costs on TMEP following the commercial commencement of the Expanded System. CEO Comments 'Trans Mountain is demonstrating its strategic value to Canada's economy,' said Mark Maki, Chief Executive Officer, Trans Mountain Corporation. 'Our team remains focused on safe, reliable operations as we complete one year of Expanded System operations. The Expanded System has driven strong value to Canada's energy producers and Canadians overall.' Maki continued, 'This critical infrastructure is opening new global markets for Canadian energy, reducing reliance on a single US market and ensuring long-term economic benefits for Canadians. These results reflect the hard work, commitment to safety and collaboration of our dedicated team. For the three-month period ending March 31, 2025, the West Texas Intermediate to Western Canadian Select differential averaged US$13 per barrel (bbl), which was US$4 per bbl narrower than the average of US$17 per bbl in Q1, 2024. While the differential does not directly affect TMC's operational or financial performance, the commencement of the Expanded System has contributed to greater egress optionality and improved oil prices for Canadian producers in the Western Canada Sedimentary Basin,' concluded Maki. See the full financial statements and management report documents here. See CDEV's Quarterly Report here. Looking Forward Toll Hearing: TMC continues to operate under an interim toll structure currently before the Canada Energy Regulator (CER). On November 30, 2023, the CER approved preliminary interim tolls for the Expanded System, which remain in effect today. Under the current CER hearing timeline, final arguments are scheduled for late 2025. Optimization Opportunities: Trans Mountain is exploring both short and long-term optimization projects aimed at increasing pipeline capacity by 200,000 bpd to 300,000 bpd. Potential solutions may include the use of drag-reducing agents to increase flow efficiency, as well as other operational enhancements to improve system capabilities. Forward-looking information This news release contains certain statements that constitute forward-looking information within the meaning of applicable Canadian securities laws ('forward-looking information'). Forward-looking information is not historical fact, but instead represents the current expectations of TMC regarding future operating results and other future events relating to TMC, many of which, by their nature, are inherently uncertain and outside of the control of TMC. Forward-looking information can be identified by words or phrases such as 'will', 'may', 'expect', 'anticipate', 'believe', 'intend', 'plan', 'seek', 'aim', 'potential', 'should', 'would' and similar words or expressions. Forward-looking information in this news release includes, but is not limited to, expectations regarding future distributions, potential uses of funds resulting from lower interest costs, expected timing for final arguments for the current CER hearing, potential optimization projects and the expected increase in pipeline capacity resulting from such projects. the opening of global markets for Canadian energy and long-term economic benefits resulting from TMC's infrastructure. Actual results could differ materially from those anticipated in the forward-looking information. The forward-looking information in this news release is based on certain assumptions that TMC has made regarding, among other things: market conditions, economic conditions, prevailing governmental policies, regulatory, tax, and environmental laws and regulations, inflation rates and commodity prices, future demand for space on TMC's pipeline systems, interest, tax and foreign exchange rates and expected cash flows and availability of funds. Although TMC believes the assumptions and other factors reflected in the forward-looking information are reasonable as of the date hereof, there can be no assurance that these assumptions and factors will prove to be correct and, as such, forward-looking information is not a guarantee of future performance. Forward-looking information is subject to a number of known and unknown risks and uncertainties that could cause actual events or results to differ materially, including, but not limited to: the regulatory environment and decisions, including the outcome of regulatory hearings, the available supply and price of energy commodities, TMC's ability to successfully implement its strategic priorities, the operating performance of TMC's pipelines and related assets, performance and credit risk of TMC's counterparties, the geopolitical environment, actions taken by governmental or regulatory authorities, changes in laws, the occurrence of unexpected events such as fires and severe weather conditions, cyber-attacks and other accidents or similar events and adverse general economic and market conditions or other risk factors, many of which are beyond the control of TMC. The foregoing list of assumptions and risk factors should not be construed as exhaustive. The forward-looking information contained in this news release speaks only as of the date hereof. TMC does not undertake any obligation to publicly update or revise any forward-looking information contained herein, except as required by applicable laws. All forward looking information contained in this news release is expressly qualified by this cautionary statement. GAAP and Non-GAAP measures We make use of certain financial measures that do not have a standardized meaning under U.S. GAAP because we believe they improve management's ability to evaluate our operating performance and compare results between periods. These are known as non-GAAP measures and may not be similar to measures provided by other entities. The non-GAAP measures discussed above should not be considered as an alternative to or more meaningful than revenues, net income, operating income or other U.S. GAAP measures. Adjusted EBITDA (earnings before interest, taxes, depreciation and amortization and equity AFUDC) is a non-GAAP measure we use to evaluate our operating performance and is calculated from its most directly comparable U.S. GAAP measure, operating income but excludes the impact of financing decisions, non-cash depreciation and amortization, and non-cash equity AFUDC. AFUDC (Allowance for Funds Used During Construction) is an amount recognized under U.S. GAAP by rate-regulated entities to reflect a return on the equity and debt components of capital invested in construction work in progress. About Trans Mountain Trans Mountain Corporation (together with its wholly-owned subsidiaries, 'Trans Mountain') operates Canada's only pipeline system transporting oil products to the West Coast. Trans Mountain is a wholly owned entity of Canada TMP Finance Ltd., a subsidiary of Canada Development Investment Corporation (CDEV), the entity which holds the Government of Canada's investment in TMC. We have nominal capacity to deliver 890,000 barrels of petroleum products each day through a pipeline system of more than 1,180 kilometres of pipeline in Alberta, British Columbia and 111 kilometres of pipeline in Washington state. Trans Mountain also operates a state-of-the-art loading facility, Westridge Marine Terminal, with three berths providing tidewater access to global markets. As a federal Crown corporation, Trans Mountain continues to build on more than 70 years of experience delivering operational and safety excellence through our crude oil pipeline system. To learn more, visit us at
