Financials
Valor Q4, 24Q1, 25Q2, 25Q3, 25Q4, 25 TTM Selling/general/admin expenses 109 M120 M100 M96 M96 M 412 M Research & development 2 M1 M1 M1 M1 M 4 M Operating income 65 M127 M115 M105 M102 M 449 M Non-Operating Income, Total ————— — Interest expense, net of interest capitalized 13 M12 M12 M12 M12 M 48 M Non-Operating Income, excl. Interest Expenses ————— — Unusual income/expense ————— — Pretax income -82 M-56 M-38 M-38 M-28 M -160 M Equity in earnings ————— — Taxes -70 M-5 M2 M8 M5 M 10 M Non-controlling/minority interest ————— — After tax other income/expense ————— — Net income before discontinued operations -12 M-51 M-40 M-46 M-33 M -170 M Discontinued operations ————— — Net income -12 M-51 M-40 M-46 M-33 M -170 M Dilution adjustment 02 M3 M2 M3 M 10 M Preferred dividends 02 M3 M2 M3 M 10 M Diluted net income available to common stockholders -12 M-51 M-40 M-46 M-33 M -170 M Basic earnings per share (Basic EPS) -0.03-0.33-0.26-0.3-0.25 -1.14 Diluted earnings per share (Diluted EPS) -0.02-0.33-0.26-0.3-0.25 -1.14 Average basic shares outstanding 182.51 M161.83 M161.16 M157 M158.42 M 638.42 M Diluted shares outstanding 191.13 M161.83 M161.16 M157 M158.42 M 638.42 M EBITDA -35 M-8 M10 M10 M22 M 34 M EBIT -82 M-56 M-38 M-38 M-28 M -160 M Cost of revenue 662 M618 M618 M632 M624 M 2.49 B Other cost of goods sold ————— — Depreciation & amortization (cash flow) 47 M48 M48 M48 M50 M 194 M