Cash Flow

Amazon sellers are facing mounting pressure from economic headwinds and new platform policies. Increased tariffs, geopolitical tensions, and rising energy costs are squeezing profit margins. Amazon’s recent policy changes, including adjustments to payment disbursements and advertising fees, coupled with a new fuel surcharge, are perceived by many sellers as an attempt to extract more revenue, leading to an advertising boycott organized by large-scale sellers protesting the impact on their businesses.

Ellomay Capital (ELLO) reported Dorad Energy’s Q3‑2025 interim results. Through its 50% stake in Ellomay Luzon Energy, Ellomay holds ~16.9% of Dorad. The company generated ₪ 919.1 million in revenue and ₪ 205.8 million operating profit, driven by summer demand and the TAOZ tariff, thus not representative of full‑year performance. Operating cash flow was ₪ 554.8 million, while financing activities used ₪ 218.9 million. The unaudited figures were not reviewed by Ellomay’s auditors. Key risks include seasonality, CPI‑linked interest costs and regulatory changes.

Discovery (DSVSF) reported strong Q3 2025 results, boosted by the Porcupine Complex acquisition. Gold production reached 63,154 ounces, generating $237.0M in revenue and $42.4M net earnings ($0.05/share). Operating cash flow was $153.5M, yielding $86.8M in free cash flow. The company’s cash position strengthened to $341.5M. A new $250M revolving credit facility provides further liquidity. However, the average gold grade decreased, and shares outstanding significantly increased due to share issuance. Exploration results were encouraging.

Consensus Cloud Solutions (CCSI) reported Q2 2025 results with revenue up 0.3% to $87.7 million, driven by 6.9% growth in its Corporate business. Net income was $20.8 million, with a 23.7% margin, while adjusted EBITDA reached $48.1 million (54.8% margin). Adjusted diluted EPS increased 2.1% to $1.46. The company generated $28.3 million in net cash from operating activities and $20.3 million in free cash flow. They also secured a $225 million credit facility and continued debt/stock repurchase programs with $57.9 million cash on hand.

Pulse Seismic Inc. (OTCQX:PLSDF) announced strong Q2 2025 results with revenue up 172% to $41.1 million in H1 and net earnings reaching $22.9 million. The company declared a regular quarterly dividend of $0.0175 per share and a special dividend of $0.20 per share, totaling $11.0 million. Pulse Seismic boasts $25.9 million in cash, an 86% EBITDA margin, and generated $27.2 million in shareholder free cash flow in H1 2025. They also hold Canada’s largest licensable seismic data library.

Campbell’s Q3 net sales rose 4% to $2.5 billion, with organic growth of 1%. Adjusted EBIT increased 2% to $362 million, while adjusted EPS decreased 3% to $0.73. The company maintained its fiscal year 2025 guidance, anticipating adjusted EPS at the lower end of the range. They also returned $403 million to shareholders.