Latest news with #AssafOnn
Business Wire
11-06-2025
- Business
- Business Wire
Anaergia S.r.l. Expands Collaboration With Techbau for Additional Anaerobic Digestion Facilities in Italy
TREVIGLIO, Italy & BURLINGTON, Ontario--(BUSINESS WIRE)--Anaergia Inc. ('Anaergia', the 'Company', 'us', or 'our') (TSX:ANRG) (OTCQX:ANRGF), through its subsidiary, Anaergia S.r.l., has signed a revised contract with Techbau S.p.A. ('Techbau'), a leading Italian company specializing in large-scale engineering and construction projects, to build two new biomethane production plants in Italy. This revised contract is an expansion of the contact announced on April 2, 2025, and it brings the total number of facilities Anaergia is supplying for Techbau to seven. Anaergia S.r.l. will supply state-of-the-art equipment for the biomethane production process for each of the facilities, while Techbau will serve as the general contractor, responsible for the engineering, procurement, and construction of the facilities that are to be strategically located across Southern Italy. These facilities will use Anaergia's advanced anaerobic digestion technologies to produce renewable biomethane from various agricultural and food processing wastes, supporting Italy's commitment to sustainable energy and decarbonization goals. All seven plants are expected to be fully constructed and operational, supplying renewable biomethane to Italy's gas pipeline grid by mid-2026. Under the expanded contract, Anaergia anticipates recognizing additional revenues of C$9.2 million, bringing the total anticipated revenues for all seven projects with Techbau to over C$36 million. "Anaergia has developed a unique combination of experience and expertise, enabling us to effectively meet our clients' needs within efficient timeframes," stated Assaf Onn, CEO of Anaergia. "However, we are particularly gratified that this increase in the number of projects we are working on for Techbau also demonstrates the positive relationship and the high level of trust between our companies." About Techbau Techbau is an Italian leader in the design and execution of complex infrastructure and industrial projects. Renowned for its innovative approach and technical expertise, the company operates across multiple sectors, including energy, transport, and manufacturing. Techbau's robust capabilities and proven track record make it a trusted partner for high-value projects both in Italy and abroad. About Anaergia Anaergia is a pioneering technology company in the renewable natural gas (RNG) sector, with over 250 patents dedicated to converting organic waste into sustainable solutions such as RNG, fertilizer, and water. We are committed to addressing a significant source of greenhouse gases (GHGs) through cost-effective processes. Our proprietary technologies, combined with our engineering expertise and vast experience in facility design, construction, and operation, position Anaergia as a leader in the RNG industry. With a proven track record of delivering hundreds of innovative projects over the past decade, we are well-equipped to tackle today's critical resource recovery challenges through diverse project delivery methods. As one of the few companies worldwide offering an integrated portfolio of end-to-end solutions, we effectively combine solid waste processing, wastewater treatment, organics recovery, high-efficiency anaerobic digestion, and biomethane production. Additionally, we operate RNG facilities owned by both third parties and Anaergia. This comprehensive approach not only reduces environmental impact but also significantly lowers costs associated with waste and wastewater treatment while mitigating GHG emissions. For further information please see: Forward-Looking Statements This news release contains forward-looking information within the meaning of applicable securities legislation, which reflects Anaergia's current expectations regarding future events, including but not limited to, counterparty contractual performance, the capability of the Company's technology and performance with respect to the project objectives. Forward-looking information is based on a number of assumptions, including, but not limited to counterparty contractual performance, the full development and funding of construction of the seven facilities, the capability of the Company's technology and performance with respect to the project objectives, and the sufficient sourcing of food waste and power generation. The Company is subject to a number of risks and uncertainties, many of which are beyond the Company's control. Such risks and uncertainties include, but are not limited to, the factors discussed under 'Risk Factors' in the Company's annual information form for the fiscal year ended December 31, 2023, and under 'Risks and Uncertainties' in the Company's most recent management's discussion and analysis. Actual results could differ materially from those projected herein. Anaergia does not undertake any obligation to update such forward-looking information, whether as a result of new information, future events or otherwise, except as expressly required under applicable securities laws. Additional information on these and other factors that could affect Anaergia's operations or financial results are included in Anaergia's reports on file with Canadian regulatory authorities.
Yahoo
10-06-2025
- Business
- Yahoo
Anaergia secures contract for Jeju Bio Energy Biogas Plant in South Korea
Anaergia Singapore has been awarded a contract to design and build the Jeju Bio Energy Biogas Plant on Jeju Island, South Korea. The contract has been provided by New Jeju Bio, a developer of organic waste-to-energy and recycling projects. The main agreement is valued at approximately C$30m ($21.9m), with an additional supplemental agreement worth around C$10m. The project, expected to be completed in the latter half (H2) of 2027, is contingent upon the client arranging financial closure. This contract marks an expansion of Anaergia's involvement, following a letter of award for the facility announced in September 2024. The increase in projected revenues is attributed to an expanded project scope. Anaergia CEO Assaf Onn said: 'Finalising the contract with New Jeju Bio marks an even more significant achievement than we had previously envisioned. 'Not only is this a very significant project in a key new market, but it also clearly demonstrates how our industry-leading, integrated suite of technologies provides a proven, comprehensive solution for project developers seeking reliable, innovative organic waste-to-energy systems.' The facility will process roughly 54,000 tons (t) of organic waste annually, converting it into approximately 2MW of renewable energy. The biogas produced will power a combined heat and power system, which will supply electricity and heat for various operations, including digestion and pasteurisation. In addition to energy production, the plant will treat and recycle wastewater on-site, complying with stringent discharge regulations. This initiative is expected to significantly reduce greenhouse gas emissions and promote waste recycling throughout Jeju Island. New Jeju Bio CEO Sae Hyun Cho said: 'New Jeju Bio chose Anaergia for this project due to its proven ability to deliver integrated, complex solutions. 'Throughout the design process, we expanded our use of Anaergia's technologies to address the diverse organic waste streams generated on Jeju Island and optimally transform them into valuable resources.' This April, Anaergia, through its subsidiary, entered into a contract with Techbau for the construction of five new biomethane production plants in Italy. "Anaergia secures contract for Jeju Bio Energy Biogas Plant in South Korea" 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
Business Wire
09-06-2025
- Business
- Business Wire
Anaergia Singapore Pte. Ltd. Signs Conditional Contract to Design and Build Biogas Facility in Jeju Island, South Korea
SINGAPORE & BURLINGTON, Ontario--(BUSINESS WIRE)--Anaergia Inc.'s ('Anaergia', the 'Company', 'us', or 'our') (TSX:ANRG) (OTCQX:ANRGF), subsidiary, Anaergia Singapore Pte. Ltd., has received a contract from New Jeju Bio Co. Ltd. ('New Jeju Bio') to design and build the Jeju Bio Energy Biogas Plant ('Facility'), to be constructed in Jeju Island, South Korea. The contract consists of a main agreement worth approximately C$30 million plus a supplement agreement valued at approximately C$10 million, and the company currently anticipates that the project will be completed in mid- to late-2027. The contract is subject to a number of routine conditions, including that the client arrange the financial close of this project. 'New Jeju Bio chose Anaergia for this project due to its proven ability to deliver integrated, complex solutions,' said Sae Hyun Cho, CEO of New Jeju Bio. Share This development represents an expansion of Anaergia's involvement, previously disclosed on September 3, 2024, when a Letter of Award for this Facility was announced. The increase in Anaergia's projected revenues from the amount disclosed at that time reflects both the expanded scope and the increased project size. The Facility aims to convert approximately 54,000 tons per year of organic waste, including waste from slaughterhouses and undigested sludge from local sewage treatment plants, into about two (2) megawatts of renewable energy. The biogas produced will be used to power a combined heat and power (CHP) system, providing electricity and heat to support various operations, including digestion, pasteurization, evaporation, and digestate drying. Additionally, the wastewater generated will be treated and recycled on-site, adhering to strict discharge regulations, while significantly reducing greenhouse gas emissions and promoting waste recycling across Jeju Island. 'New Jeju Bio chose Anaergia for this project due to its proven ability to deliver integrated, complex solutions,' said Sae Hyun Cho, CEO of New Jeju Bio. 'Throughout the design process, we expanded our use of Anaergia's technologies to address the diverse organic waste streams generated on Jeju Island and optimally transform them into valuable resources.' 'Finalizing the contract with New Jeju Bio marks an even more significant achievement than we had previously envisioned,' said Assaf Onn, CEO of Anaergia. 'Not only is this a very significant project in a key new market, but it also clearly demonstrates how our industry-leading, integrated suite of technologies provides a proven, comprehensive solution for project developers seeking reliable, innovative organic waste to energy systems.' About New Jeju Bio New Jeju Bio Co Ltd is a developer of organic waste to energy and recycling projects leading to production of biogas and fertilizer in South Korea. Its mission is to support the 2021 Declaration of '2030 Waste Free Jeju.' It believes in creating environmental value through co-evolution of Jeju's natural environment and humanities. Founded with the principles of developing state of the art biogas facilities by integrating advanced and proven technologies, New Jeju Bio intends to be the leading biogas player not only in Jeju but also in South Korea. About Anaergia Anaergia is a pioneering technology company in the renewable natural gas (RNG) sector, with over 250 patents dedicated to converting organic waste into sustainable solutions such as RNG, fertilizer, and water. We are committed to addressing a significant source of greenhouse gases (GHGs) through cost-effective processes. Our proprietary technologies, combined with our engineering expertise and vast experience in facility design, construction, and operation, position Anaergia as a leader in the RNG industry. With a proven track record of delivering hundreds of innovative projects over the past decade, we are well-equipped to tackle today's critical resource recovery challenges through diverse project delivery methods. As one of the few companies worldwide offering an integrated portfolio of end-to-end solutions, we effectively combine solid waste processing, wastewater treatment, organics recovery, high-efficiency anaerobic digestion, and biomethane production. Additionally, we operate RNG facilities owned by both third parties and Anaergia. This comprehensive approach not only reduces environmental impact but also significantly lowers costs associated with waste and wastewater treatment while mitigating GHG emissions. For further information please see: Forward-Looking Statements This news release contains forward-looking information within the meaning of applicable securities legislation, which reflects Anaergia's current expectations regarding future events. Forward-looking information is based on a number of assumptions, including, but not limited to counterparty contractual performance and its procurement of the financing that is a necessary condition to proceed with detailed engineering and construction of the Facility, the capability of the Company's technology and performance with respect to the project objectives, the sufficient sourcing of food waste, heat and power generation, and the sufficient production of digestate and recycled water for the project objectives. The Company is subject to a number of risks and uncertainties, many of which are beyond the Company's control. Such risks and uncertainties include, but are not limited to, the factors discussed under 'Risk Factors' in the Company's annual information form for the fiscal year ended December 31, 2024, and under 'Risks and Uncertainties' in the Company's most recent management's discussion and analysis. Actual results could differ materially from those projected herein. Anaergia does not undertake any obligation to update such forward-looking information, whether as a result of new information, future events or otherwise, except as expressly required under applicable securities laws. Additional information on these and other factors that could affect Anaergia's operations or financial results are included in Anaergia's reports on file with Canadian regulatory authorities.
Business Wire
20-05-2025
- Business
- Business Wire
Anaergia S.r.l. and Capwatt Sign Contract for the First of Nine New Biogas Plants
TREVIGLIO, Italy & BURLINGTON, Ontario--(BUSINESS WIRE)--Anaergia Inc. ('Anaergia', the 'Company', 'us', or 'our') (TSX:ANRG) (OTCQX:ANRGF), through its subsidiary, Anaergia S.r.l., entered into a contract with Capwatt Biomethane Unipessoal, Lda ('Capwatt'). Under the terms of this C$7.3 million contract, Anaergia S.r.l. will design and construct an advanced facility, Metanext. Located in central Italy, Metanext will produce biomethane from agro-industry waste. The facility is expected to be operational by the end of June 2026. This contract follows the binding Letter of Intent ('LOI') with Capwatt previously announced on April 21, 2025, for a total of nine projects. These projects, expected to be completed over 30 months, are anticipated to generate a combined total of more than C$60 million in revenue for Anaergia. Anaergia S.r.l. is to oversee the design of each facility, incorporating advanced processes and proprietary systems such as anaerobic digesters, significantly enhancing Europe's green energy infrastructure and accelerating biomethane production. The Metanext project represents the first of these nine projects. 'The Metanext facility will have the capacity to produce 7.6 million cubic meters of high-quality biomethane annually,' stated Sérgio Rocha, CEO of Capwatt. 'It represents a significant step in meeting Capwatt's commitment to leading sustainable energy production and driving the energy transition in Europe.' 'This contract is a key milestone in our relationship with Capwatt, transitioning from the previously announced LOI to initiating the first project under that agreement,' said Assaf Onn, CEO of Anaergia. 'Leveraging Anaergia's technical expertise and equipment, this project will showcase our ability to deliver multiple projects simultaneously, fulfilling Capwatt's needs, as demonstrated in our past collaborations.' About Capwatt Capwatt, a multinational group specializing in sustainable energy solutions, has made biomethane a strategic priority in its drive to support decarbonization. With a portfolio of bioenergy projects at various stages of development, the company reaffirms its commitment to sustainable resource management and to advancing a low-carbon economy. Capwatt currently operates in Portugal, Spain, Italy, and Mexico. For further information please see: About Anaergia Anaergia is a pioneering technology company in the renewable natural gas (RNG) sector, with over 250 patents dedicated to converting organic waste into sustainable solutions such as RNG, fertilizer, and water. We are committed to addressing a significant source of greenhouse gases (GHGs) through cost-effective processes. Our proprietary technologies, combined with our engineering expertise and vast experience in facility design, construction, and operation, position Anaergia as a leader in the RNG industry. With a proven track record of delivering hundreds of innovative projects over the past decade, we are well-equipped to tackle today's critical resource recovery challenges through diverse project delivery methods. As one of the few companies worldwide offering an integrated portfolio of end-to-end solutions, we effectively combine solid waste processing, wastewater treatment, organics recovery, high-efficiency anaerobic digestion, and biomethane production. Additionally, we operate RNG facilities owned by both third parties and Anaergia. This comprehensive approach not only reduces environmental impact but also significantly lowers costs associated with waste and wastewater treatment while mitigating GHG emissions. For further information please see: Forward-Looking Statements This news release contains forward-looking information within the meaning of applicable securities legislation, which reflects Anaergia's current expectations regarding future events, including but not limited to, the timing for operations under the contract the expected revenue of Metanext and other projects under the LOI, as well the capacity, goals and benefits of the projects. Forward-looking information is based on a number of assumptions, including, but not limited to counterparty contractual performance, the full development and funding of the projects, the capability of the Company's technology with respect to the project objectives, the enforcement of organic waste recycling laws, and the actual diversion of food waste from regional landfills. The Company is subject to a number of risks and uncertainties, many of which are beyond the Company's control. Such risks and uncertainties include, but are not limited to, the factors discussed under 'Risk Factors' in the Company's annual information form for the fiscal year ended December 31, 2024 and under 'Risks and Uncertainties' in the Company's most recent management's discussion and analysis. Actual results could differ materially from those projected herein. Anaergia does not undertake any obligation to update such forward-looking information, whether as a result of new information, future events or otherwise, except as expressly required under applicable securities laws. Additional information on these and other factors that could affect Anaergia's operations or financial results are included in Anaergia's reports on file with Canadian regulatory authorities.
National Post
13-05-2025
- Business
- National Post
Anaergia Reports First Quarter 2025 Financial Results
Article content BURLINGTON, Ontario — Anaergia Inc. ('Anaergia', the 'Company', 'us' or 'our') (TSX: ANRG) (OTCQX: ANRGF), a company that offers integrated waste-to-value solutions to reduce greenhouse gases by cost-effectively turning organic waste into renewable natural gas, fertilizer, and water, announced its financial results for the three-month period ended March 31, 2025. All financial results are reported in Canadian dollars unless otherwise stated. 'We are pleased to announce that Anaergia has achieved record Revenue Backlog* during the first quarter of 2025. As of March 31, 2025, our Revenue Backlog has surged by 94.1%, to $200.0 million, compared to $103.1 million at the end of December 2024. The increase in backlog was in the capital sales segment primarily in Italy and North America,' said Assaf Onn, CEO of Anaergia. 'Additionally, we continue to pursue a robust pipeline of other opportunities, some of which we have already been awarded and disclosed since the beginning of the second quarter. We continue to execute our vision of Anaergia 2.0. and since Marny Investment SA's investment in the Company in July 2024, we have taken decisive actions to enhance our financial foundation, refine our strategic direction, and restore investor confidence, leading to significant progress for Anaergia,' added Mr. Onn. Article content Financial highlights: Article content Revenue of $24.9 million for the first quarter of 2025 decreased 0.4%, or $93 thousand, compared to the first quarter of the prior year. The decrease was driven mainly due to lower sales in Italy and Asia Pacific, partially offset by increased sales in North America. Gross profit of $5.4 million for the first quarter of 2025 decreased 16.6%, or $1.1 million, compared to the first quarter of the prior year. The quarter's decrease was mainly driven by reduced gross profit of build, own, operate ('BOO') activities, partially offset by increased gross profit in capital sales. Adjusted EBITDA 1 loss of $3.9 million for the first quarter of 2025 improved by 34.5%, or $2.1 million, from a loss of $6.0 million in the first quarter of the prior year. The improvement in Adjusted EBITDA was primarily driven by decreases in net loss as well as addbacks of Rhode Island Bioenergy Facility ('RIBF') income tax credit transaction costs in the first quarter of fiscal year 2024 that did not recur in the current period. Article content Three months ended: 31-Mar-25 31-Mar-24 % Change (In thousands of Canadian dollars) Revenue 24,876 24,969 (0.4) Gross profit 5,403 6,480 (16.6) Gross profit % 21.7% 26.0% (4.3) percentage points Loss from operations (5,670) (10,210) 44.5 Net loss (5,897) (11,481) 48.6 Adjusted EBITDA 1 (3,940) (6,019) 34.5 Article content Statement of Financial Position 31-Mar-25 31-Dec-24 (In thousands of Canadian dollars) Total Assets 223,030 233,327 Total Liabilities 173,773 180,122 Equity 49,257 53,205 Article content For a more detailed discussion of Anaergia's results for the three-month period ended March 31, 2025, please see the Company's financial statements and management's discussion & analysis, which are available at and on the Company's SEDAR+ page at Article content This press release makes reference to certain non-IFRS™ measures. These measures are not recognized measures under IFRS™ and do not have a standardized meaning prescribed by IFRS™ and are therefore unlikely to be comparable to similar measures presented by other companies. Rather, these measures are provided as additional information to complement IFRS™ measures by providing further understanding of our results of operations from management's perspective. Accordingly, these measures should not be considered in isolation or as a substitute for analysis of our financial information reported under IFRS™. We use non-IFRS™ measures, including 'Adjusted EBITDA', 'EBITDA' and 'Revenue Backlog' to provide investors with supplemental measures. Management also uses non-IFRS™ measures internally in order to facilitate operating performance comparisons from period to period, prepare annual operating budgets and assess our ability to meet our future debt service, capital expenditure and working capital requirements. Management believes these non-IFRS™ measures are important supplemental measures of operating performance because they eliminate items that have less bearing on operating performance and highlight trends in the core business that may not otherwise be apparent when relying solely on IFRS™ measures. Management believes such measures are useful as they allow for assessment of our operating performance and financial condition on a basis that is more consistent and comparable between reporting periods. We also believe that securities analysts, investors and other interested parties frequently use non-IFRS™ measures in the evaluation of issuers. Article content Definitions of non-IFRS™ measures used in this press release are provided below. Article content ' Adjusted EBITDA ' is defined as EBITDA adjusted for our normalized proportionate interest in our BOO assets, one-time or non-recurring items, stock-based compensation expense, asset impairment charges and write downs, losses related to equity-accounted investees, significant one-time provisions, foreign exchange gains or losses, restructuring and severance costs, Enterprise Resource Planning customization and configuration costs, litigation and other claims settlements, gains and losses resulting from changes in certain balance sheet valuations (such as derivatives and warrants) and acquisition costs. Article content ' EBITDA ' is defined as earnings before interest expenses, taxes and depreciation and amortization. The most comparable IFRS™ measure for EBITDA is net income (loss). Article content ' Revenue Backlog ' is defined as the balance of unrecognized, undiscounted, consolidated revenues from signed contracts in our capital sales and operation and maintenance service ('O&M')/services segments. For our capital sales contracts, we have modeled only projects that have been contracted. For our O&M/services segment, while most of our in-hand contracts are 5-15 years in tenure, we have conservatively modeled for only 3 years of contracted revenue. Article content See 'Reconciliation of Non-IFRS™ Measures' below for a reconciliation of the foregoing non-IFRS™ measures to their most directly comparable measures calculated in accordance with IFRS™. Article content Conference Call and Webcast Details Article content A conference call to review the Company's financial results will take place at 9:00 a.m. (ET) on Wednesday May 14, 2025. It will be hosted by management of Anaergia. An accompanying slide presentation will be posted to the Investor Relations section of the Company's website shortly before the call. Article content To participate in the call, please sign up using the following pre-registration link to receive details on how to access the conference call: The webcast will be archived and available in the Investor Relations section of our website following the call. Article content About Anaergia Article content Anaergia is a pioneering technology company in the renewable natural gas ('RNG') sector, with over 250 patents dedicated to converting organic waste into sustainable solutions such as RNG, fertilizer, and water. We are committed to addressing a significant source of greenhouse gases ('GHGs') through cost-effective processes. Our proprietary technologies, combined with our engineering expertise and vast experience in facility design, construction, and operation, position Anaergia as a leader in the RNG industry. With a proven track record of delivering hundreds of innovative projects over the past decade, we are well-equipped to tackle today's critical resource recovery challenges through diverse project delivery methods. As one of the few companies worldwide offering an integrated portfolio of end-to-end solutions, we effectively combine solid waste processing, wastewater treatment, organics recovery, high-efficiency anaerobic digestion, and biomethane production. Additionally, we operate RNG facilities owned by both third parties and Anaergia. This comprehensive approach not only reduces environmental impact but also significantly lowers costs associated with waste and wastewater treatment while mitigating GHG emissions. Article content This press release contains 'forward-looking information' within the meaning of applicable securities laws. Forward-looking information may relate to future plans, expectations and intentions, results, levels of activity, performance, goals or achievements, other future events or developments and may include, without limitation, information regarding our financial position, business strategy, growth strategy, budgets, operations, financial results, taxes, plans and objectives. Particularly, information regarding our future results, performance, achievements, prospects or opportunities or the markets in which we operate is forward-looking information. In some cases, forward-looking information can be identified by the use of forward-looking terminology such as 'may', 'will', 'would', 'should', 'could', 'expects', 'plans', 'intends', 'estimate', 'believes', 'likely', 'potential', 'continue', or 'future' or the negative or other variations of these words or other comparable words or phrases. In addition, any statements that refer to expectations, intentions, projections or other characterizations of future events or circumstances contain forward-looking information. Statements containing forward-looking information are not facts but instead represent management's expectations, estimates and projections regarding future events or circumstances. Forward-looking statements in this press release include, among other things, statements relating to financial condition and results of operations; Company's strategic growth plan; and statements regarding the Company's Revenue Backlog and potential future sales. Article content Forward-looking information is necessarily based on a number of opinions, assumptions and estimates that we considered appropriate and reasonable as of the date such statements were made. It is also subject to known and unknown risks, uncertainties, assumptions and other factors that may cause our actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information, including but not limited to the risk factors described in the Company's annual information form and management's discussion and analysis for the year ended December 31, 2024. Certain assumptions in respect of our ability to execute on our expansion plans; our ability to obtain or maintain existing financing on acceptable terms; and our ability of realizing the anticipated benefits of such are material factors underlying forward looking information and management's expectations. Article content The purpose of the forward-looking statements in this press release is to provide the reader with a description of management's current expectations regarding the Company's financial performance and may not be appropriate for other purposes. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information, which speaks only to opinions, estimates and assumptions as of the date made. Furthermore, unless otherwise stated, the forward-looking statements contained in this press release are made as of the date of this press release, and we have no intention and undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. The forward-looking statements contained in this press release are expressly qualified by this cautionary statement. Article content * Using a new conservative definition of Revenue Backlog, first introduced with fiscal 2024 year end results. As defined under 'Non-International Financial Reporting Standards ('IFRS'™) Accounting Standards as issued by the International Accounting Standards Board ('IASB')'. 1 'Adjusted EBITDA' is a non-IFRS™ measure. Article content Article content Article content Article content Article content
