WELL

Valor Q4, 24Q1, 25Q2, 25Q3, 25Q4, 25 TTM Total revenue 2.25 B2.42 B2.55 B2.69 B3.18 B 10.84 B Gross profit 841.77 M962.7 M1.03 B1.11 B1.25 B 4.36 B Operating expenses 88.29 M103.9 M91.02 M106.4 M111.68 M 412.99 M Selling/general/admin expenses 48.71 M63.76 M64.17 M63.12 M1.56 B 1.75 B Research & development ————— — Operating income 753.49 M858.8 M943.63 M1 B1.14 B 3.95 B Non-Operating Income, Total ————— — Interest expense, net of interest capitalized 155.88 M146.19 M142.57 M163.56 M210.21 M 662.54 M Non-Operating Income, excl. Interest Expenses ————— — Unusual income/expense ————— — Pretax income 115.67 M199.97 M290.82 M280.5 M-267.3 M 503.98 M Equity in earnings 6.43 M1.26 M-7.39 M-12.61 M4.44 M -14.3 M Taxes 114 K-5.52 M1.05 M2.33 M-4.99 M -7.12 M Non-controlling/minority interest 3.78 M-691 K2.73 M1.63 M21.33 M 24.99 M After tax other income/expense ————— — Net income before discontinued operations 123.75 M257.27 M304.62 M282.19 M117.77 M 961.84 M Discontinued operations ————— — Net income 123.75 M257.27 M304.62 M282.19 M117.77 M 961.84 M Dilution adjustment ————— — Preferred dividends ————— — Diluted net income available to common stockholders 119.97 M257.96 M301.89 M280.56 M96.44 M 936.85 M Basic earnings per share (Basic EPS) 0.20.40.460.420.13 1.41 Diluted earnings per share (Diluted EPS) 0.20.40.450.410.13 1.39 Average basic shares outstanding 602.98 M643.39 M656.59 M672.41 M665.64 M 2.64 B Diluted shares outstanding 608.75 M653.79 M668.14 M685.4 M679.52 M 2.69 B EBITDA 594.24 M698.73 M806.98 M817.19 M-661.68 M 1.66 B EBIT 109.24 M198.71 M298.21 M293.11 M-1.27 B -480.02 M Cost of revenue 1.41 B1.46 B1.51 B1.58 B1.93 B 6.48 B Other cost of goods sold 60.58 M64.56 M65.66 M71.8 M80.64 M 282.65 M Depreciation & amortization (cash flow) 485 M500.02 M508.77 M524.09 M608.37 M 2.14 B