ANPA

Hong Kong, Sept. 30, 2025 (GLOBE NEWSWIRE) -- Rich Sparkle Holdings Limited (“we”, “ANPA” or the “Company”) (Nasdaq: ANPA) is a company with limited liability incorporated under the laws of the British Virgin Islands (“BVI”) with no material operations of its own. The Company conduct its operations as a professional specialist in the provision of financial printing services such as printing, typesetting and translation, advisory services including Environmental, Social and Governance (“ESG”) and internal control reporting services and other services including standalone annual general meeting and extraordinary general meeting supporting service and other standalone services, through ANPA Financial Services Group Limited (“ANPA (HK)”), its sole operating subsidiary in Hong Kong. The Company today announced its unaudited financial results for the six months ended March 31, 2025. First Half of 2024/25 Financial and Operating Highlights Mr. Ka Wo, NG, Director and Chairman of the Company, commented, “Founded in 2016, we are a financial printing and corporate services provider which specializes in designing and printing high quality financial materials in Hong Kong. We are dedicated to providing exceptional service, setting benchmarks for reliability and convenience, and pride ourselves on our ability to deliver tailored solutions that cater to the unique needs of each client.” “We are also proud to announce that the Company has listed its shares on the Nasdaq Capital Market on July 9, 2025 and the shares of the Company are now trading on the Nasdaq under ticker “ANPA.” We believe the listing on Nasdaq is an important milestone for the Company. We will actively explore options for the Company to grow further and create value for our shareholders” concluded Mr. Ng. FINANCIAL RESULTS Revenue Revenue decreased by 2.9% from US$1,793,702 for the six months ended March 31, 2024 to US$1,741,985 for the six months ended March 31, 2025. The decrease was primarily due to the decrease of financial printing services of US$578,520 and the decrease of advisory services of US$44,903, which was partially offset by the increase of other services of US$571,706. For the six months ended March 31, 2025 and 2024, all of the revenue was from clients in Hong Kong. Cost of services During the six months ended March 31, 2025 and 2024, the Company’s cost of services was mainly comprised o...

Shares of Ampco-Pittsburgh Corporation AP have lost 13.8% since the company reported its earnings for the quarter ended June 30, 2025. This compares unfavorably with the S&P 500 Index’s 1.2% gain in the same period. Over the past month, the stock plunged 12.8% against the S&P 500’s 2.5% rise. For the second quarter of 2025, Ampco-Pittsburgh reported net sales of $113.1 million, up 1.9% from $110.9 million in the prior-year quarter, with growth in forged engineered products and favorable foreign currency translation offsetting weaker mill roll sales. Despite this modest revenue gain, profitability deteriorated sharply. AP posted a net loss attributable to shareholders of $7.3 million, or $0.36 per share, against net income of $2 million, or $0.10 per share, a year ago. The steep swing into loss primarily reflects a $6.8 million charge for severance, accelerated depreciation, and other exit costs tied to the decision to shutter its U.K. cast roll operations. Adjusted EBITDA came in at $7.9 million for the quarter, down 21.2% from $10.1 million in the same period last year, with margin contracting to 7.1% from 9.1%. Year-to-date adjusted EBITDA of $16.8 million showed improvement of 10.2% over the prior-year period’s $15.2 million, aided by stronger profitability in the Air and Liquid Processing (ALP) segment. By segment, Forged and Cast Engineered Products delivered $77.9 million in revenues, up 2.9% year over year from $75.7 million, but lower forged roll demand hurt margins. The ALP segment generated $35.2 million in revenues, down 0.2% from last year’s $35.3 million, yet delivered improved profitability thanks to a stronger product mix and robust demand from the nuclear and military markets. The second quarter was marked by significant cost pressures. Costs of products sold increased 4.9% to $91.9 million from $87.7 million a year earlier, driven by higher manufacturing costs relative to pricing and weaker absorption due to lower production rates. Selling and administrative expenses decreased 4.3% to $12.9 million from $13.6 million, while depreciation rose due to accelerated write-downs associated with the U.K. plant closure. On the financial side, interest expense declined 6.4% to $2.8 million from $3 million, reflecting lower average rates on its revolving credit facility. The company ended June with $9.9 million in cash and $34.2 million of available li...

Revenue: US$113.1m (up 1.9% from 2Q 2024). Net loss: US$7.34m (down by 465% from US$2.01m profit in 2Q 2024). US$0.36 loss per share (down from US$0.10 profit in 2Q 2024). We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free. All figures shown in the chart above are for the trailing 12 month (TTM) period Ampco-Pittsburgh shares are down 11% from a week ago. Don't forget that there may still be risks. For instance, we've identified 3 warning signs for Ampco-Pittsburgh (1 shouldn't be ignored) you should be aware of. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Adjusted EBITDA: $8 million for Q2 2025. Net Sales: $113.1 million for Q2 2025, a 2% increase compared to Q2 2024. Forged and Cast Engineered Products Segment Adjusted EBITDA: $6.8 million for Q2 2025, down $1.5 million from Q1 2025. Air & Liquid Processing Segment Adjusted EBITDA: $3.9 million for Q2 2025, a 15% increase from the prior year. UK Exit Charge: $6.8 million in expenses related to employee severance and other costs. Net Loss: $7.3 million for Q2 2025, or $0.36 per share, including the UK exit charge. Cash on Hand: $9.9 million as of June 30, 2025. Liquidity Position: Undrawn availability on revolving credit facility of $34.2 million as of June 30, 2025. Warning! GuruFocus has detected 6 Warning Signs with AP. Release Date: August 13, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Ampco-Pittsburgh Corp (NYSE:AP) reported adjusted EBITDA of $8 million for the second quarter of 2025. The Air & Liquid Processing segment saw a 15% increase in adjusted EBITDA compared to the prior year, marking the highest year-to-date adjusted EBITDA in the segment's history. The company anticipates a minimum of a $5 million operating income improvement annually following the wind down of the UK cash roll facility. The Air & Liquid Systems segment reported a backlog increase of 8% from the start of the year, with strong demand in the nuclear, military, and pharmaceutical markets. Ampco-Pittsburgh Corp (NYSE:AP) successfully amended and extended its credit agreement through 2030, providing greater flexibility to support global working capital needs. The quarterly results were negatively impacted by a pause in customer orders due to tariff uncertainties, leading to a shutdown in production for the Forged and Cast Engineered Products group. The UK cash roll facility continues to experience significant losses, necessitating a wind down of operations. The Forged Cast Engineered Products segment reported a decrease in plant utilization and lower revenue and margin from forged work rolls, negatively affecting earnings. The company recorded $6.8 million in expenses related to the UK exit charge, impacting the financial results for the quarter. Net loss attributable to Ampco-Pittsburgh Corp (NYSE:AP) for the quarter was $7.3 million, or $0.36 per share, including the UK exit charge. Q: Can you provide more color on th...

Recorded expenses of $6.8 million during 2Q 2025 for severance, accelerated depreciation and other costs to exit U.K. cast roll operations Company expects at least $5 million per year operating income improvement post-U.K. exit Adjusted EBITDA of $8.0 million in Q2 2025 and $16.8 million year-to-date June 2025 Tariff volatility impacted roll demand, order intake and production in Q2 CARNEGIE, Pa., August 12, 2025--(BUSINESS WIRE)--Ampco-Pittsburgh Corporation (NYSE: AP) reported net sales of $113.1 million and $217.4 million for the three and six months ended June 30, 2025, compared to $111.0 million and $221.2 million for the three and six months ended June 30, 2024. Higher sales of forged engineered products and favorable foreign exchange translation offset weaker mill roll sales. Air and Liquid Processing sales were in line with prior year levels. The Corporation reported a loss from operations of $3.1 million for the three months ended June 30, 2025, which included $6.8 million in severance, accelerated depreciation and other costs to exit its U.K. cast roll operations, in anticipation of approval of the exit plan by the UES-UK subsidiary board. Income from operations for the six months ended June 30, 2025 was $0.8 million compared to $5.1 million for the six months ended June 30, 2024, with the U.K. exit costs being the primary change. Adjusted EBITDA of $8.0 million for the three months ended June 30, 2025 declined by $2.1 million from the three months ended June 30, 2024 due to lower margins for the Forged and Cast Engineered Products ("FCEP") segment offset by improved profitability for the Air and Liquid Processing ("ALP") segment. Margins for the FCEP segment were adversely affected by higher manufacturing costs relative to base pricing and variable-index surcharges passed through to customers during the quarter, a weaker sales mix and lower manufacturing cost absorption. Profitability improved for the ALP segment primarily due to a better sales mix. Adjusted EBITDA of $16.8 million for the six months ended June 30, 2025 improved by $1.6 million primarily due to improved profitability for the ALP segment. Commenting on the quarter, Ampco-Pittsburgh’s CEO, Brett McBrayer, said, "After a positive Q1, the volatility from the U.S. tariff actions began to impact our results and our order book in Q2. Backlog in the Forged and Cast Engineered Products seg...

CARNEGIE, Pa., August 04, 2025--(BUSINESS WIRE)--Ampco-Pittsburgh Corporation (NYSE: AP) will hold a conference call on Wednesday, August 13, 2025, at 10:30 a.m. Eastern Time (ET) to discuss its financial results for the second quarter ended June 30, 2025. If you would like to participate in the conference call, please register using the link below or by dialing 1-844-308-3408 at least five minutes before the 10:30 a.m. ET start time. We encourage participants to pre-register for the conference call using the following link. Callers who pre-register will be given a conference passcode and unique PIN to gain immediate access to the call and bypass the live operator. Participants may pre-register at any time, including up to and after the call start time. To pre-register, please go to https://dpregister.com/sreg/10200077/ff310508a6. Those without internet access or unable to pre-register may dial in by calling: Participant Dial-in (Toll Free): 1-844-308-3408 Participant International Dial-in: 1-412-317-5408 For those unable to listen to the live broadcast, a replay will become available on our website under the Investors menu at www.ampcopgh.com. About Ampco-Pittsburgh Corporation Ampco-Pittsburgh Corporation manufactures and sells highly engineered, high-performance specialty metal products and customized equipment utilized by industry throughout the world. Through its operating subsidiary, Union Electric Steel Corporation, it is a leading producer of forged and cast rolls for the global steel and aluminum industries. It also manufactures open-die forged products that are sold principally to customers in the steel distribution market, oil and gas industry, and the aluminum and plastic extrusion industries. The Corporation is also a producer of air and liquid processing equipment, primarily custom-engineered finned tube heat exchange coils, large custom air handling systems and centrifugal pumps. It operates manufacturing facilities in the United States, England, Sweden, and Slovenia and participates in three operating joint ventures located in China. It has sales offices in North America, Asia, Europe, and the Middle East. Corporate headquarters is located in Carnegie, Pennsylvania. View source version on businesswire.com: https://www.businesswire.com/news/home/20250804195422/en/ Contacts Michael G. McAuley Senior Vice President, Chief Financial Officer and T...