Latest 20-F annual reports

Almaden Minerals Ltd. reported a net income of $2.99 million for fiscal year 2025, driven by the sale of its Rock Creek Mill and ongoing international arbitration against Mexico.

Camtek Ltd. announced a 16% increase in 2025 revenues driven by new product launches, alongside a strategic refinancing of convertible notes that impacted net income.

Gambling.com Group Limited reported a net loss of $32.93 million in 2025 despite a 30% revenue increase, driven by significant acquisitions and an impairment charge related to Finnish regulatory changes.

NuCana plc reported a significant increase in net losses for 2025, reaching £29.4 million, while advancing its lead oncology candidate NUC-7738 in melanoma and evaluating future paths for NUC-3373.

Star Bulk Carriers Corp. reported a significant decrease in net income and earnings per share for 2025 compared to 2024, despite strategic fleet modernization and expansion efforts.

Boqii Holding Limited reported a significant revenue decline and a material weakness in internal controls for fiscal year 2025, following a reverse stock split and ADS program termination.

Sol-Gel Technologies' 2025 revenues surged to $19.4 million from licensing deals, yet the company faces recurring losses and substantial doubt about its ability to continue as a going concern.

GasLog Partners LP reported a significant loss in 2025, driven by lower charter rates, increased idle days, and substantial vessel impairment charges, despite a projected long-term rebalancing of the LNG market.

WPP plc experienced a significant drop in 2025 operating profit and revenue, driven by client losses and substantial goodwill impairment charges, while announcing a major strategic overhaul for future growth.

Alarum Technologies Ltd. reported a 28% revenue increase to $40.7 million in 2025, driven by AI vertical demand and new data collection solutions, despite a significant drop in net profit to $1.0 million from $5.8 million in 2024.

Lifezone Metals reported a reduced net loss for 2025, driven by lower expenses, while progressing its flagship Kabanga Nickel Project and PGM recycling partnership.

Equinor ASA achieved record-high oil and gas production in 2025, driven by new field developments and strategic portfolio optimization, despite lower liquids prices and significant impairment charges in renewables.

argenx SE achieved significant operational and financial milestones in 2025, including record product net sales of $4.2 billion and substantial progress across its immunology pipeline.

dLocal Limited announced robust financial results for the fiscal year ended December 31, 2025, with significant revenue and TPV growth, alongside a strategic board restructuring and ongoing legal proceedings.

MIND CTI reported a 9.3% revenue decrease in 2025, driven by declines in its messaging and billing segments, alongside a shift from dividends to a share repurchase program.

The Magnum Ice Cream Company N.V. reports solid organic sales growth and market share gains in its first year post-Unilever demerger, despite a dip in profitability and significant cash outflows related to the separation.

Oddity Tech Ltd. reported significant revenue and profit growth in 2025, while securing an expanded $350 million credit facility and approving a new $200 million share buyback program, despite anticipating challenges in customer acquisition for 2026.

Vesta, a leading Mexican industrial real estate firm, posted increased profit and GLA in 2025 but faces material internal control weaknesses and a dip in occupancy rates.

Elbit Systems announced robust financial results for 2025, driven by significant contract wins and strategic expansions, despite ongoing geopolitical challenges.

IceCure Medical Ltd. received FDA marketing authorization for its ProSense system for low-risk breast cancer in women aged 70 and above, a significant regulatory milestone amidst ongoing financial challenges.

Telesat Corporation reported a significant increase in net loss and revenue decline for fiscal year 2025, alongside substantial debt maturities and a material weakness in internal controls, despite progress on its Lightspeed LEO constellation.

Baidu, Inc. reported a 3% decrease in total revenue for 2025, reaching RMB129.1 billion, and an operating loss of RMB5.8 billion, primarily due to a significant impairment charge and a decline in online marketing services.

Global Ship Lease, Inc. announced a significant increase in operating revenues and net income for 2025, driven by higher charter rates and fleet expansion, alongside increased shareholder dividends.

Gilat Satellite Networks reports a significant 48% revenue increase in 2025, driven by strategic acquisitions and a new divisional structure focusing on defense, commercial, and Peruvian markets.

Globus Maritime Limited reported a net loss of $1.7 million for 2025 despite increased voyage revenues and fleet expansion, driven by higher operating and finance costs.

Sofgen Pharma, S.A. reports significant financial losses for 2024, Nasdaq delisting, and material weaknesses in internal controls, while completing a major debt restructuring and capital raise post-year-end.

SFL Corporation Ltd. reported a net loss of $26.4 million for 2025, a significant decline from the $130.7 million net profit in 2024, driven by vessel disposals and reduced drilling activity.

Kaspi.kz announced a 60% increase in total revenue for 2025, driven by growth across all platforms and the acquisition of Hepsiburada, despite a modest 1% rise in net income.

Smith & Nephew plc reports strong financial performance in 2025, surpassing targets with significant growth in revenue, profit, and cash flow, while launching a new strategic plan for accelerated future growth.

IHS Holding Limited announced a return to profitability in 2025, alongside definitive agreements for a private acquisition by MTN Group and the divestiture of its Latin American tower and fiber operations.