Latest news with #UGL
Globe and Mail
5 days ago
- Business
- Globe and Mail
UNISYNC Reports Q3 Fiscal 2025 Operating Results Showing Continued Improvement in Profitability
TORONTO, Aug. 12, 2025 (GLOBE NEWSWIRE) -- Unisync Corp. ('Unisync") (TSX:"UNI") (OTC:'USYNF ') today announced strong operating results for the three months ended June 30, 2025, highlighted by continued profitability, significant gross margin gains, and disciplined cost management. For the quarter, Unisync delivered net income before tax of $1.8 million ($0.10 per share) and Adjusted EBITDA of $3.5 million ($0.18 per share) on revenues of $21.9 million. This marks a substantial improvement from the prior year's net loss before tax of $1.2 million and Adjusted EBITDA of $1.1 million. Key Highlights: Revenue Growth: Consolidated revenue of $21.9 million, up from $21.2 million in Q3 FY2024. UGL Segment Strength: UGL revenues rose by $0.6 million, driven by higher airline account volumes, pushing gross profit in the segment from $2.3 million to $5.4 million. Margin Expansion: Excluding unrealized FX gains, segment margins surged to 23.5% from 12.6% a year ago, reflecting a stronger sales mix, lower offshore product costs, and operational efficiencies from the 2023 consolidation. Cost Discipline: General & administrative expenses reduced to $3.2 million, down $0.1 million from last year. Lower Financing Costs: Interest expense declined by $0.2 million to $0.8 million due to reduced borrowings and a weaker U.S. dollar. Peerless Garments revenues held steady at $3.2 million, contributing stable profitability. Excluding unrealized foreign exchange gains of $1.0 million, net income before tax was $0.8 million and Adjusted EBITDA was $2.5 million — both a strong turnaround from last year's loss position. 'Our Q3 results reflect the ongoing transformation of our business — with sharper execution, stronger margins, and disciplined cost control,' said Tim Gu, Executive Chairman of Unisync. 'We're building sustainable profitability while positioning the company for future growth.' Business Outlook During the three months ended June 30, 2025, the UGL segment continued to benefit from positive contract pricing adjustments and relocating offshore production from a number of factories with higher labour costs and/or who were import duty subject, to those that offer lower labour costs and/or duty-free status. These initiatives have yielded improved margins and are expected to continue to positively impact future margins for UGL as these reduced input costs get reflected in the weighted average cost of inventory. We also continue to aggressively pursue opportunities to reduce our facility costs to further improve operating margins. While the recent upward momentum in the value of the Canadian dollar resulted in unrealized foreign exchange gains and a recovery from the first half of the fiscal year, the Company is still facing a lack of visibility on the outcome of the trade war with the US and its ultimate effect on the relative value of the Canadian dollar and our clients' business activities, especially in the airline sector. UGL segment management continue to actively pursue several material business opportunities that are coming to market in both the Canadian and US marketplace during the 2025 calendar year. With $28.9 million in firm contracts and options on hand as at June 30, 2025, the Peerless business segment is positioned to maintain its current level of revenues and profitability in fiscal 2025. More detailed information is contained in the Company's Consolidated Financial statements for the quarter ended June 30, 2025 and Management Discussion and Analysis dated August 11, 2025, which may be accessed at Investor relations contact: Manish Arora, CFO at Email: marora@ Adjusted EBITDA Adjusted EBITDA does not have a standardized meaning prescribed by IFRS and is therefore unlikely to be comparable to similar measures presented by other issuers and should not be considered in isolation nor as a substitute for financial information reported under IFRS. Unisync uses non-IFRS measures, including Adjusted EBITDA, to provide shareholders with supplemental measures of its operating performance. Unisync believes adjusted EBITDA is a widely accepted indicator of an entity's ability to incur and service debt and commonly used by the investing community to value businesses. Forward Looking Statements This news release may contain forward-looking statements that involve known and unknown risk and uncertainties that may cause the Company's actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied in these forward-looking statements. Any forward-looking statements contained herein are made as of the date of this news release and are expressly qualified in their entirety by this cautionary statement. Except as required by law, the Company undertakes no obligation to publicly update or revise any such forward-looking statements to reflect any change in its expectations or in events, conditions or circumstances on which any such forward-looking statements may be based, or that may affect the likelihood that actual results will differ from those set forth in the forward-looking statements. Neither the TSX nor its Regulation Services Provider (as that term is defined in the policies of the TSX) accepts responsibility for the adequacy or accuracy of this release. About Unisync Corp. Unisync operates through two business units: Unisync Group Limited ('UGL') with operations throughout Canada and the USA and 92% owned Peerless Garments LP ('Peerless'), a domestic manufacturing operation based in Winnipeg, Manitoba. UGL is a leading customer-focused provider of corporate apparel, serving many leading Canadian and American iconic brands. Peerless specializes in the production and distribution of highly technical protective garments, military operational clothing, and accessories for a broad spectrum of Federal, Provincial and Municipal government departments and agencies.
Forbes
6 days ago
- Business
- Forbes
Gold To Move Higher Into Year End:Here Are The Factors.
Gold is likely headed to $3800. Hold gold positions for the following reasons: August (up 61% of the time for a 0.84% gain) and September (up 54% of the time for a 1.25% gain) have been the 2 strongest months for the gold price The dynamic monthly cycle is rising. When this cycle is rising in these 2 months, add 10%-15% to the monthly bullish probabilities The next seasonal peak is in mid-October. For those readers who may be new to the cycles analysis approach, here are the guidelines. The most basic cycle is the annual seasonal cycle. For example, we all know that stocks tend to be strong in the spring and in Q4, weak in September, etc. The gold annual cycle is graphed below. 1-Gold Monthly Histogram (Expected Return) The June-September period has been the most bullish time interval for gold. Cycles Research Investments LLC The next cycle is dynamic. All cycles are calculated and the profitable cycles are accumulated and projected into the future. The best projections are those in which both sets of cycles point up or both point down. Currently, both point up. Here is a valuable feature of cyclical analysis. Gold had formed a triangle, and then broke down from this formation in late July. Application of basic technical analysis would have called this a serious breakdown and a sell signal. The rising monthly cycle was an indication that this break was false. Following the cycle and remaining long gold paid off. 2-Daily Gold Note the false break and the subsequent recovery. Cycles Research Investments LLC 3-Gold Monthly Cycle The monthly gold cycle rises through 2025. Cycles Research Investments LLC To set a new price projection, one measures the height of this triangle formation, about $400. Adding this to the point of breakout projects a $3800 price target. The August-September time period has been the most positive seasonal interval. Momentum is strong, so higher prices are likely to the 15th and beyond to $3800. Do keep in mind that gold (and oil) tend to be very weak in the second half of October. There are different ways to profit from the gold rally. There are two ETFs that are recommended. SPDR Gold Shares (GLD) tracks the gold price. A 1% rise in the metal price will raise this ETF price by 1%. More aggressive investors may prefer ProShares Ultra Gold (UGL). This leveraged ETF moves at twice the gold price. In addition, there are many gold mining stocks. One of the best known and most liquid is Newmont Mining. Below, we see the three-up graph, the monthly price cycle projection, and the monthly price histogram. We see a new high in relative strength in the daily strip. There are higher lows in momentum both weekly and monthly. And, a three-year relative downtrend has been reversed to the upside. The monthly cycle rises through yearend. Chart 6 is the monthly histogram of the share price. Keep in mind that the month of October has been very weak. 4-Newmont-Daily, Weekly, Monthly This is a bullish picture. Cycles Research Investments LLC 5-Newmont Monthly Cycle This cycle also rises through 2025. Cycles Research Investments LLC 6-Newmont Monthly Histogram (Expected Return) August has been the strongest month for NEM and October has been the weakest. Cycles Research Investments LLC
Yahoo
17-06-2025
- Business
- Yahoo
UGL installs battery system for Neoen's renewable energy hub Stage 1 in Australia
CIMIC Group's specialist end-to-end engineering and services provider UGL has supported the installation of a 270MW/540MWh battery system for Neoen, an independent renewable energy producer. This installation, which includes associated high voltage infrastructure, comprises stage one of the Western Downs Green Power Hub, located around 250km west of Brisbane, Australia. The hub is also seeing an expansion with UGL's assistance in delivering stage two of the project, which was announced in August 2024. At that time, CIMIC executive chairman Juan Santamaria said: 'With greater capacity, Western Downs Battery will have an even more crucial role in Queensland's rapidly accelerating energy transition, as the state strives to reach 80% renewable energy by 2035.' This stage two project entails constructing an additional 270MW/540MWh battery and the necessary high-voltage infrastructure to integrate it into the grid. The new battery will comprise 140 Tesla Megapack 2XL units and is slated to commence operations in 2026. Once completed, the Western Downs Battery will offer a combined capacity of 540MW/1,080MWh and operate in conjunction with Neoen's 460MWp solar farm at the same location. This integration will enable stored energy to be efficiently transmitted into the electricity network, enhancing the overall reliability and sustainability of the power supply. In a separate development, CIMIC subsidiary Leighton Asia recently secured a contract for the construction of Elan The Emperor, a luxury residential project in Gurugram, India. Construction work is scheduled to start in September 2025 and be completed by 2030. "UGL installs battery system for Neoen's renewable energy hub Stage 1 in Australia" was originally created and published by World Construction Network, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. 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
26-05-2025
- Business
- Yahoo
Singapore's ComfortDelGro will bid for Melbourne's rail line as it takes its public transport model global
ComfortDelGro, which operates Singapore's Northeast and Downtown lines, is partnering with East Japan Railway Company (JR East) and UGL to form the Melbourne One Rail Consortium to bid for the Melbourne Metropolitan train network sometime next year, when regulators open the tender. 'The bidding team marries world-class Japanese and Singaporean customer service and efficiencies with UGL's local asset management and operational expertise,' the consortium said in a statement. The group is backed by the Japanese general trading and investment conglomerate, Marubeni Corporation. The line's current operator is Hong Kong's MTR, working with John Holland Group and UGL, in a contract that expires in 2027. Melbourne's metropolitan network has 17 lines covering 402 kilometers and 222 stations and is Australia's largest suburban rail network. It generates about 2 billion Singapore dollars ($1.54 billion) in annual revenue, ComfortDelGro CEO Cheng Siak Kian estimated in an interview with Fortune. ComfortDelGro's share of that revenue will depend on the joint venture contract, but it would still be a significant boost to the company's finances. The company reported revenue of 1.17 billion Singapore dollars ($903 million) for the quarter ending March, with 52.6% of that revenue coming from outside of Singapore. Australia revenue reached 203 million Singapore dollars ($156 million). If ComfortDelGro's bid is successful, it'd be the second rail network taken from its Hong Kong competitor. Last year, ComfortDelGro won the bid to operate Stockholm's metro from MTR, which had run the Swedish city's trains since 2009. (MTR also recently lost a contract to operate London's Elizabeth Line to Tokyo Metro). Cheng chalked up the company's wins against MTR to fortunate timing. Rail contracts normally span at least seven years, and Cheng said ComfortDelGro now has enough rail experience to make big global bids right as contracts are starting to expire. MTR has operated Melbourne's line for over 10 years, and Stockholm's for over 14 years by the time ComfortDelGro takes over at the end of the year. 'Ten to 14 years ago we were not even in the position to bid for this contract,' Cheng said. 'It's just an evolution of time where you gain expertise, and then you work with the right partners to be able to challenge for those contracts.' ComfortDelGro's expertise is in reliably operating driverless metro trains. The company's two lines, the Northeast line and the Downtown line are the city's most reliable, with the highest Mean Kilometers Between Failure (MBKF) among the five lines where data exists. (Singapore's most recent line, the Thomson-East Coast line operated by SMRT, is still too new to have reliability data) Cheng credited high expectations by Singapore's consumers for forcing the company to constantly improve its reliability. ComfortDelGro does not own the real estate in or around its stations, a significant source of revenue for other rail operators like MTR or JR East. Instead, ComfortDelGro generates revenue from a fixed fee regulators pay it to operate the rail network that is tied closely to rail reliability and customer satisfaction, meaning the company must ensure breakdowns are rare to preserve its thin margins. 'We are very focused on operating the system well, and that's where it gives us the advantage,' Cheng said. The Melbourne bid is part of ComfortDelGro's strategy to leverage its experience in three different kinds of transport. In addition to its Australian operations, ComfortDelGro also operates bus and taxi services in the UK, as well as taxis and private-hire cars in mainland China. It will also operate rail services in Paris later this year. Cheng hoped ComfortDelGro's broad experience will help the company keep bidding to expand its presence in its existing markets. 'The advantage of growing in that manner is a lot of familiarity, both with regulators and the brand name, so that's what we will try to do,' he said. If ComfortDelGro's Melbourne bid is successful, the company will finally operate rail, bus, and taxi services in Australia, allowing it to replicate the multi-modal model it has in Singapore. Cheng wants to recreate this model beyond Singapore and Australia. 'Where it's suitable, where it's viable, we will do so,' he said. ComfortDelGro will likely look to expand its presence in existing markets first, or in adjacent markets. 'We are quite deliberate about where we are expanding to. We need to understand the revenue model, the regulatory environment, and what is the rule of law,' Cheng said. But that won't stop the company from 'going to cities where we don't have a presence yet,' he adds. This story was originally featured on
AU Financial Review
24-04-2025
- Business
- AU Financial Review
New deal could change how FIFO works in the Pilbara
Construction unions have for the first time secured a two-weeks-on, one-week-off roster for fly-in-fly-out workers in the Pilbara in a landmark deal they will push to extend to the rest of the resources industry. UGL agreed to the short swing as part of an in-principle greenfields deal for Chevron's Gorgon carbon project on Barrow Island, which is expected to start construction of drill centres next month and employ 150 workers at its peak.
