Q1'26: Revenues Weak But Run-Rate & Margins In-line With Guidance

Research evidence excerpt

Q1'26: Revenues Weak But Run-Rate & Margins In-line With Guidance

s expressed in this research report.

I, George Farmiloe, ACA, certify that all of the views expressed in this research report accurately reflect my personal views about the subject security(ies)

and subject company(ies). I also certify that no part of my compensation was, is, or will be, directly or indirectly, related to the specific recommendations

or views expressed in this research report.

Registration of non-US analysts: Rizk Maidi is employed by Jefferies International Limited, a non-US affiliate of Jefferies LLC and is not registered/qualified

as a research analyst with FINRA. This analyst(s) may not be an associated person of Jefferies LLC, a FINRA member firm, and therefore may not be subject

to the FINRA Rule 2241 and restrictions on communications with a subject company, public appearances and trading securities held by a research analyst.

Registration of non-US analysts: Lucas Ferhani is employed by Jefferies International Limited, a non-US affiliate of Jefferies LLC and is not registered/

qualified as a research analyst with FINRA. This analyst(s) may not be an associated person of Jefferies LLC, a FINRA member firm, and therefore may

not be subject to the FINRA Rule 2241 and restrictions on communications with a subject company, public appearances and trading securities held by

a research analyst.

Registration of non-US analysts: Tom Chapman is employed by Jefferies International Limited, a non-US affiliate of Jefferies LLC and is not registered/

Registration of non-US analysts: George Farmiloe, ACA is employed by Jefferies International Limited, a non-US affiliate of Jefferies LLC and is not

registered/qualified as a research analyst with FINRA.