For the quarter ended June 30, 2025, company reported net sales of DKK 2.4 billion, down 0.2% COPENHAGEN: Scandinavian Tobacco Group A/S (STG) reported second-quarter results broadly in line with expectations and reaffirmed its full-year guidance, despite persistent macroeconomic challenges and currency headwinds. For the quarter ended June 30, 2025, reported net sales stood at…
Lego reports record-breaking first half with $5.4 billion in revenue
COPENHAGEN: Lego Group posted its strongest first-half performance in company history, reporting a 12% surge in revenue to 34.6 billion Danish kroner ($5.4 billion), according to its biannual earnings report released Wednesday. Operating profit rose 10% year over year to 9 billion kroner ($1.4 billion). “It’s the best first half ever,” CEO Niels Christiansen told…
archTIS acquires Spirion in $15.7 million deal to accelerate U.S. expansion
SYDNEY: Australian cybersecurity firm archTIS Ltd. (ASX:AR9) announced Wednesday it will acquire the technology, customer base, and employees of U.S.-based data security provider Spirion LLC in a $15.7 million AUD deal, marking a major step in its U.S. expansion strategy. The acquisition, priced at 0.9x Spirion’s FY25 annual recurring revenue (ARR), will boost archTIS’ pro-forma…
Riverstone Energy reports $3 million profit amid wind-down strategy
LONDON: Riverstone Energy Limited reported a profit of $3 million for the half year ended June 30, 2025, as the company prepares for a managed wind-down following shareholder approval earlier this month. The company’s net asset value (NAV) stood at $372 million (£271 million), with NAV per share rising 2% in USD terms to $15.11,…
Ooma Inc reports Q2 earnings growth, raises full-year profit outlook
REDWOOD CITY: Ooma, Inc. (NYSE: OOMA), a provider of advanced communications services for businesses and consumers, on Wednesday reported financial results for its fiscal second quarter ended July 31, 2025, showing year-over-year growth in revenue, net income, and adjusted EBITDA. The company posted total revenue of $66.4 million, up 3% from the same period last…
Vector Capital to acquire Showpad, merge with Bigtincan
CHICAGO: Vector Capital Management, L.P., a private equity firm specializing in transformational investments in technology, announced Wednesday it has entered into a definitive agreement to acquire Showpad, a global leader in AI-powered revenue enablement. The acquisition will pave the way for a merger between Showpad and Bigtincan Holdings, which Vector acquired in April. The combined…
Hochschild Mining reports strong interim results, revises full-year guidance
Basic earnings per share climbed to $0.18, up from $0.08 a year earlier LONDON: Hochschild Mining PLC (LSE: HOC, OTCQX: HCHDF) reported a 33% surge in revenue to $520 million for the first half of 2025, driven by higher production and improved pricing. Adjusted EBITDA rose 27% to $224.5 million, while profit before income tax…
Relation Insurance Services acquires Bridlewood Insurance Services
SAN DIEGO: Relation Insurance Services (“Relation”) announced Wednesday that it has acquired the assets of Bridlewood Insurance Services, Inc. (“Bridlewood”), a fast-growing Medicare-focused agency based in San Diego. The transaction, effective Aug. 1, 2025, expands Relation’s national footprint and deepens its Medicare expertise. Terms of the deal were not disclosed. Founded by Jeff Wetzel to…
Balmoral Funds acquires Wilbur-Ellis Nutrition, rebrands as Rangen
LOS ANGELES: Balmoral Funds LLC has acquired Wilbur-Ellis Nutrition, LLC, a leading provider of custom nutrition products for the Pet, Aquaculture and Livestock markets, from Wilbur-Ellis Holdings II, LLC. The newly independent company will operate under the historic brand name Rangen. The acquisition includes the full Nutrition business of Wilbur-Ellis, encompassing product lines such as…
ProAmpac to acquire PAC Worldwide, expanding global packaging capabilities
REDMOND: ProAmpac, a global leader in flexible packaging and material science, announced Wednesday it has signed a definitive agreement to acquire PAC Worldwide, a provider of innovative packaging solutions. Financial terms of the deal were not disclosed. The acquisition marks a strategic move to create a fully integrated packaging platform, combining ProAmpac’s material science expertise…
Zenith Energy expands Italian solar portfolio with second agrivoltaic acquisition in Lazio
LONDON: Zenith Energy Ltd. (LSE: ZEN; OSE: ZENA) announced Wednesday the acquisition of a second agrivoltaic solar energy development project in Italy’s Lazio region, strengthening its footprint in one of the country’s most strategic areas for renewable energy. The acquisition includes 10 hectares of farmland designated for a 5-megawatt peak (MWp) agrivoltaic installation. The €650,000…
Hydropulse and ABO Energy partner to accelerate green hydrogen deployment in Europe
LONDON: Hydropulse, the newly launched build-own-operate subsidiary of ITM Power plc, has entered into a strategic partnership with ABO Energy, a global renewable energy developer, to fast-track green hydrogen projects across Europe. The collaboration aims to combine ABO Energy’s industrial offtaker network and international development pipeline with Hydropulse’s modular hydrogen production capabilities, powered by ITM’s…