Financials
Valor Q4, 24Q1, 25Q2, 25Q3, 25Q4, 25 TTM Selling/general/admin expenses 190 M194.2 M215.6 M226.8 M-139.2 M 497.4 M Research & development 81 M83.9 M90.9 M95.3 M13.4 M 283.5 M Operating income 117.6 M134 M236 M300.9 M-2.9 M 668 M Non-Operating Income, Total 11.1 M-4.7 M-9.1 M3.2 M17.9 M 7.3 M Interest expense, net of interest capitalized 183.7 M173.7 M156.1 M154.6 M— — Non-Operating Income, excl. Interest Expenses -181.1 M-169.3 M-153 M-150.7 M5.3 M -467.7 M Unusual income/expense 8.5 M-9.1 M-12.2 M-700 K12.6 M -9.4 M Pretax income -55 M-44.4 M70.8 M149.5 M-121 M 54.9 M Equity in earnings ————— — Taxes 10.2 M-334.1 M41.4 M42.6 M-19.3 M -269.4 M Non-controlling/minority interest ————— — After tax other income/expense -11.9 M-14.3 M-36.9 M-2.8 M-10.1 M -64.1 M Net income before discontinued operations -65.2 M289.7 M29.4 M106.9 M-101.7 M 324.3 M Discontinued operations 72 M494.3 M2.4 M1.5 M1.46 B 1.96 B Net income 6.8 M784 M31.8 M108.4 M1.36 B 2.28 B Dilution adjustment 00000 0 Preferred dividends 16.6 M16.9 M17.1 M17.3 M17.6 M 68.9 M Diluted net income available to common stockholders -9.8 M767.1 M14.7 M91.1 M1.34 B 2.21 B Basic earnings per share (Basic EPS) -0.033.550.070.416.06 10.09 Diluted earnings per share (Diluted EPS) -0.032.880.060.396.3 9.63 Average basic shares outstanding 214.4 M216.3 M218.1 M221.5 M219.5 M 875.4 M Diluted shares outstanding 214.4 M271.9 M227.3 M277.7 M230 M 1.01 B EBITDA 372.9 M197.6 M295.3 M361.4 M-525.3 M 329 M EBIT 115.5 M125.3 M225.7 M292.3 M-631.2 M 12.1 M Cost of revenue 721.4 M643.6 M796.4 M961.9 M-1.43 B 975.7 M Other cost of goods sold ————— — Depreciation & amortization (cash flow) 257.4 M72.3 M69.6 M69.1 M105.9 M 316.9 M