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Cosmic CRF Limited Reports H2 & FY25 Performance Highlights

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Best ever performance on all parameters in FY25

Volume more than doubled due to capacity expansion and operational scale-up

KOLKATA, India, May 26, 2025 /PRNewswire/ — Cosmic CRF Limited, (Bloomberg: COSMICCR:IN) (BSE: 543928) has announced its financial results for the Half Year and year ended 31st March 2025.

Key Performance Highlights

Metric

FY25 (Consolidated)

FY24 (Standalone)

YoY%

Sales Volume

55,941 MT

24,657 MT

+127 %

Avg. Selling Price 

₹73,454 / MT

₹102,800 / MT

-28.6 %

Revenue

₹4,016.3 Mn

₹2,534.8 Mn

+58.4%*

*Note: FY24 revenue is standalone; FY25 figure is consolidated, including subsidiaries.

Sales Volume more than doubled (grew 127% to 55,941 tonnes) due to capacity expansion and operational scale-up. However, a significant fall in average selling price, driven by a ~32% drop in raw material prices, tempered revenue growth. As a result, while production surged, the revenue increase at 58.4% was not proportional to volume.

Key Financial Highlights – H2 FY25 (Standalone)

H2 FY25 Standalone Performance highlights vs H2FY24

Revenue, EBITDA and PAT grow 10%, 38.1% and 6.5% respectivelyEBITDA Margin expanded by 211 bps to 10.4%

Key Business Highlights – FY25

Capacity ExpansionInstalled Capacity (Standalone) reached 45,000 MTPA, reflecting a significant 41% increase from 32,000 MTPA in FY24 with the addition of one more 6000 sq. ft shed extensionNS Engineering Projects Private Limited Capacity (Subsidiary) has reached installed capacity of 65,000 MT in FY25 in line with our guidance. Achieved production of 15,000 MT subsequent to handover from NCLT in June 2024.Cosmic Springs & Engineering Pvt Ltd (Subsidiary)’s acquisition of Helical and Casnub Springs manufacturing unit, leading to capacity addition of 14400 spring sets per annumProcurement of land completed in May 2025 for setting up of forged components manufacturing unit to add value to our railways integration and supply to the railway wagon buildersOrder Book StatusAs of March 31, 2025, the unexecuted order book stands at INR 550 crore, representing 1.8x of FY25 revenue.NEW JVs / ACQUISITIONS for Growth, done during the yearCosmic Springs and Engineers Limited (subsidiary)Entered into Business Transfer Agreement (BTA) for acquisition of Helical and Casnub Springs manufacturing unit with an installed capacity of 14400 spring sets per annum. Cost of acquisition is around Rs. 25 crores – being funded by internal accruals and term loans from bankAcquired land parcel to set up state of art factory to produce forged components for wagons with installed capacity of 7200 MTPA, Capex would be ~45Cr and would be funded through internal accruals and / or term loan from bank. Production expected to start by February 2026Received confirmation from RP of Amzen transportation ltd to submit final resolution plan by 27th may 2025.Credit rating has been upgraded to BBB stable

Cash Flow Commentary – FY25

Key Metrics:Operating Cash Flow (OCF): ₹ (726) millionCapital Expenditure (CapEx): ₹ 468.5 millionFree Cash Flow (FCF): ₹ (1,194.5) million

While Cosmic CRF Ltd. posted a strong net profit of ₹3,082.57 lakhs in FY25, both Operating Cash Flow (OCF) and Free Cash Flow (FCF) were negative due to significant growth investments.

The negative OCF reflects temporary working capital buildup and other operational outflows tied to the scale-up of production and infrastructure.

Substantial CapEx was incurred for:Capacity expansionStrategic acquisitions

Modernization of plants and technology upgrades

Looking forward:The newly added capacities and acquisitions are expected to begin contributing to revenues and margins from FY26 onward.Working capital intensity will normalize, and operating leverage will improve.This will lead to a strong rebound in cash generation, with positive OCF and FCF expected as the benefits of investments materialize.

Way Forward:

Aiming to double sales volume every year over the next 3 yearsKey Drivers for Future Growth:Continue to grow scale of operationsDrive efficiency in capacity utilisationAdopt latest technologiesDiversify product offeringDeveloping a strong presence across the country and lay a strong emphasis on sustainability aspectsThe diversified order book will ensure that the company caters to both the growing sectors – Railways & InfrastructurePlans to acquire another Liquid Metal asset to leverage large steel requirements of the companyThe company continues to emphasize on operational excellence, product innovation, and long-term value creation for all stakeholders.

Commenting on the update, Mr. Aditya Vikram Birla, Chairman & Managing Director of Cosmic CRF Limited, said, “We are pleased to share that FY25 has been a landmark year for Cosmic CRF Limited, marked by our highest-ever revenue, EBITDA, and net profit. Our strategic focus on capacity expansion, operational excellence, and customer-centricity has delivered robust results across key financial and business metrics. Revenue, EBITDA, and PAT grew during H2 and full year FY25, underscoring the strong fundamentals and execution capabilities of our team.

During the year, we successfully scaled our standalone installed capacity by 41%, completed key acquisitions, and enhanced the technological and infrastructural backbone of our subsidiaries. These investments are already translating into enhanced output and greater value creation.

As we look to the future, we remain resolute in our commitment to doubling our volumes every year over the next five years. This will be driven by continued diversification of product offerings, adoption of advanced manufacturing technologies, and a sharp focus on efficiency and sustainability. Our growing and diversified order book positions us strongly in the fast-evolving Railways and Infrastructure sectors.

Despite negative cash flows in FY25, our profitability remains strong. The cash outflows are strategic in nature, aimed at long-term value creation through expansion and integration. With the foundation now laid, we anticipate a significant improvement in free cash flows starting FY26.

With our recent credit rating upgrade to BBB (Stable), we believe we are better poised than ever to leverage opportunities and scale new heights. Our mission remains clear – to create enduring value for all stakeholders through innovation, integrity, and impactful growth.”

About Cosmic CRF Limited

Incorporated in 2021, is a leading manufacturer of Cold Rolled Form (CRF), Sheet Piles, and Railway Components for railway wagon manufacturing, including Indian Railways. The company offers Customized Engineering Solutions with wide applications in Irrigation, Building, Automotive, Railway Wagons, and Other Industries. Operating advanced manufacturing facilities in Singur, Howrah & Jangalpur in West Bengal, Cosmic CRF Limited is committed to quality and industry standards. The company boasts a total installed capacity of 135,000 MTPA and an extensive product portfolio

For further information, please contact:
Cosmic CRF Limited
E: info@cosmiccrf.com
www.cosmiccrf.com

KAPTIFY® Consulting
Investor Relations | Strategy | Consulting
E: contact@kaptify.in | M: +91-845 288 6099
www.kaptify.in

Disclaimer

This document may contain certain forward-looking statements within the meaning of applicable securities law and regulations. These statements include descriptions regarding the intent, belief or current expectations of the Company or its directors and officers with respect to the results of operations and financial condition of the Company. Such forward–looking statements are not guarantees of future performance and involve risks and uncertainties, and actual results may differ from those in such forward–looking statements as a result of various factors and assumptions which the Company believes to be reasonable in light of its operating experience in recent years. Many factors could cause the actual results, performances, or achievements of the Company to be materially different from any future results, performances, or achievements. Significant factors that could make a difference to the Company’s operations include domestic and international economic conditions, changes in government regulations, tax regime and other statutes. The Company does not undertake to revise any forward– looking statement that may be made from time to time by or on behalf of the Company

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SOUTHWEST AIRLINES BRINGS LIVE GAMING TO 35,000 FEET, POWERED BY STARLINK

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Twitch creators compete and livestream in real time from a Starlink-equipped Southwest aircraft en route to TwitchCon

DALLAS, Nov. 12, 2026 /PRNewswire/ — Southwest Airlines Co. (NYSE: LUV) brought gaming to 35,000 feet with the first-ever live gaming tournament in the sky, bringing Twitch creators onboard a special flight from Austin to San Diego on their way to TwitchCon. Powered by Starlink’s fastest WiFi in the sky, creators competed head-to-head while livestreaming the action to the Twitch community in real time.

This one-of-a-kind activation showcased what faster, reliable connectivity can make possible onboard as Southwest expects to become the first major U.S. airline to equip its entire fleet with Starlink in fall 2027.

Game Mode: On
The tournament added a new spin to Southwest’s history of creating unexpected moments onboard, turning the cabin into a gaming arena and giving creators a new way to connect with their communities from the sky. The experience extended well beyond the aircraft, with the livestream bringing viewers along for the flight and creating moments creators could continue sharing with their followers after touchdown.

“Gaming is all about connection, competition, and sharing the moment with a community, which made bringing a live tournament onboard such a natural fit for Southwest,” said Sabrina Callahan, Senior Vice President and Chief Digital & Marketing Officer at Southwest Airlines. “Southwest is known for making the journey memorable for our Customers, and this was a unique way to unite the energy of TwitchCon with the power of Starlink at 35,000 feet.”

Going All-In on Ultra-Fast WiFi 1
From Nintendo Switch systems and gaming laptops to tablets and phones, Starlink’s high-speed, low-latency connectivity gives Customers more ways to play, stream, work, and stay connected using the devices they bring onboard.

“Our Customers want to stay connected in the air just as they do on the ground, and Starlink is helping us deliver that experience,” said Lisa Hingson, Vice President Customer Experience & Innovation. “Livestreaming a gaming tournament shows what this technology can do, made possible by Starlink’s constellation of thousands of low-Earth orbit satellites. Whether Customers want to stream, work, or simply stay connected along the way, we’re investing in an inflight experience that gives them more freedom to spend their time onboard the way they want.”

The carrier offers free WiFi to all Rapid Rewards Members, thanks to T-Mobile. Customers can join Rapid Rewards to unlock access to free WiFi, tier benefits, and points by flying qualifying flights or spending with eligible partners. Members can purchase points to earn a reward to book their favorite destination or a new Southwest route. All Rapid Rewards rules and regulations apply at Southwest.com/rrterms. 

TwitchCon 2026 takes place November 13 to 15 at the San Diego Convention Center, bringing together streamers, creators, developers and communities for live shows, panels, game demos and fan meet-ups. More information about attending TwitchCon San Diego is available online.

ABOUT SOUTHWEST AIRLINES CO.
Southwest Airlines Co. operates one of the world’s most admired and awarded airlines, offering its one-of-a-kind value and Hospitality at 121 airports across 12 countries. Southwest took flight in 1971 to democratize the sky through friendly, reliable, and low-cost air travel and now carries more air travelers flying nonstop within the United States than any other airline.2 By empowering its more than 73,0003  People to deliver unparalleled Hospitality, the maverick airline cherishes a passionate loyalty among more than 134 million Customers carried in 2025. Southwest leverages a unique legacy and mission to serve communities around the world including harnessing the power of its People and Purpose to put communities at the Heart of its success. Learn more by visiting Southwest.com/citizenship.

1 Where available. Available only on WiFi-enabled designated aircraft.

2 Based on U.S. Dept. of Transportation quarterly Airline Origin & Destination Survey as of Q4 2025.

3 Fulltime-equivalent active Employees as of June 30, 2026.

Cautionary Statement Regarding Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Specific forward-looking statements include, without limitation, statements related to (i) the Company’s initiatives, strategic priorities, focus areas, core strengths, goals, and opportunities, including with respect to product offering enhancements; and (ii) the Company’s expectations with respect to timing of and Customer response to its product offering enhancements. These forward-looking statements are based on the Company’s current estimates, intentions, beliefs, expectations, goals, strategies, and projections for the future and are not guarantees of future performance. Forward-looking statements involve risks, uncertainties, assumptions, and other factors that are difficult to predict and that could cause actual results to vary materially from those expressed in or indicated by them. Factors include, among others, (i) the impact of geopolitical conflicts, fears or actual outbreaks of diseases, extreme or severe weather and natural disasters, actions of competitors (including, without limitation, pricing, scheduling, capacity, and network decisions, and consolidation and alliance activities), governmental actions, consumer perception, consumer uncertainties with respect to trade policies, tariffs, or government shutdowns, economic conditions, fears or actual acts of terrorism or war, sociodemographic trends, and other factors beyond the Company’s control, on consumer behavior and the Company’s results of operations and business decisions, plans, strategies, and results; (ii) the Company’s ability to timely and effectively implement, transition, operate, maintain, and protect the technology systems, cybersecurity measures, artificial intelligence and other emerging technology capabilities, and infrastructure necessary to support its operations and initiatives; (iii) the Company’s ability to effectively execute and evolve its strategic plans, initiatives, product offerings, and policies, including related consumer behavior and response; (iv) the impact of fuel price changes, fuel price volatility, and fuel availability on the Company’s business plans and results of operations; (v) the impact of the Federal Aviation Administration and other governmental regulations and actions, including with respect to government shutdowns and Air Traffic Control staffing shortages and inefficiencies, as well as the Company’s ability to obtain any required governmental approvals, on the Company’s business plans, results, and operations; (vi) the Company’s dependence on The Boeing Company (“Boeing”) and Boeing suppliers with respect to the Company’s aircraft deliveries, fleet and capacity plans, operations, maintenance, strategies, and goals; (vii) the Company’s dependence on other third parties, including with respect to technology, revenue management, distribution channels, operational reliability, fuel supply, maintenance, and the impact on the Company’s operations and results of operations of any third-party delays or nonperformance; (viii) the impact of labor matters on the Company’s business decisions, plans, strategies, and results; (ix) the Company’s ability to obtain and maintain adequate infrastructure and equipment to support its operations and initiatives; (x) the Company’s dependence on its workforce, including its ability to employ and retain sufficient numbers of qualified Employees with appropriate skills and expertise to effectively and efficiently maintain its operations and execute the Company’s plans; (xi) the cost and effects of the actions of activist shareholders; and (xii) other factors, as described in the Company’s filings with the Securities and Exchange Commission, including the detailed factors discussed under the heading “Risk Factors” in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2025.

 

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SOURCE Southwest Airlines Co.

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X-Sense XR0A-iR Makes Smart Radon Monitoring Accessible Through Lowe’s U.S. Stores

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NEW YORK, Nov. 12, 2026 /PRNewswire/ — X-Sense‘s XR0A-iR Wi-Fi Smart Radon Detector is available at Lowe’s stores across the United States. With an MSRP of $99.99, it offers a reusable solution for continuous home radon monitoring.

Its retail presence includes locations in Pennsylvania, Colorado and Iowa, extending access in states with significant radon concerns. Pennsylvania reports elevated radon in approximately 40% of tested homes, while Iowa is classified entirely within EPA’s highest radon-potential zone.(Pennsylvania DEP, Iowa HHS)

Radon is an invisible, odorless radioactive gas that can enter homes from the ground. EPA estimates that it causes approximately 21,000 U.S. lung cancer deaths annually and is the leading cause of lung cancer among nonsmokers. (EPA)

For routine monitoring, the XR0A-iR reduces reliance on repeated paid professional visits and eliminates mailing samples for each check, saving scheduling time and recurring testing expenses. Unlike single-use mail-in kits, it provides ongoing readings and trends without laboratory processing.

The C-NRPP-certified XR0A-iR offers measurement accuracy within ±10% at 5.4 pCi/L (200 Bq/m³) after seven days of monitoring, at a 95% confidence level. The detector connects to 2.4 GHz Wi-Fi for remote readings and app notifications. Its LCD displays radon levels and trend arrows, while up to 999 days of monitoring help reveal changes over time. Saved history survives battery replacement, and PDF reports or XLSX/CSV exports support professional consultation. Simple setup and up to two years of battery life make ongoing use convenient.

Home monitoring complements professional assessment and mitigation. EPA recommends fixing homes at 4 pCi/L or higher and considering reduction between 2 and 4 pCi/L. The detector measures radon; reducing elevated levels requires appropriate action. (EPA guidance)

Availability through Lowe’s brings radon monitoring into everyday home improvement shopping. Customers should check local stock before visiting.

About X-Sense

X-Sense has helped protect more than 15 million households worldwide through its range of smoke, carbon monoxide, and radon detectors, as well as environmental sensors. Its products combine smart features with long-term reliability and ease of use. X-Sense is committed to making innovative home safety solutions accessible to every household.

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SOURCE X-Sense

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Cohere Deepens Commitment to Japan with Sovereign AI Investments and Growing Enterprise Adoption

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Establishment of a new Japanese legal entity, expanded sovereign AI initiatives, and local enterprise partnerships accelerate Cohere’s growth in Japan

TOKYO, Nov. 13, 2026 /PRNewswire/ — Cohere, a leading provider of sovereign AI for enterprises and governments, today announced significant momentum in Japan, including plans to establish a Japanese legal entity and expand investments in sovereign AI initiatives tailored to the country’s regulatory, linguistic, and industrial requirements.

The announcement comes as Japanese organizations increasingly seek secure AI solutions that give them greater control over sensitive data and intellectual property. Cohere’s enterprise-grade models and North platform enable advanced AI deployments in private, highly secure environments, helping meet stringent security, data residency, and compliance requirements as regulatory and cybersecurity demands grow.

“Japan is emerging as one of the world’s leading markets for secure, sovereign AI,” said Andrew Chang, Vice President of APAC, Cohere. “Organizations across both the public and private sectors are moving beyond experimentation and deploying AI in mission-critical environments. We’re proud to deepen our local presence in Japan and work alongside some of the country’s most important institutions and enterprises as they build AI capabilities that reflect their own requirements, values, and strategic priorities.”

Building AI for Japan
The company has been building its local team under the leadership of Hyonju Cho, Cohere Japan Country Manager, while partnering with Japanese organizations to advance domestic AI capabilities. The company has partnered with Fujitsu to support the development and deployment of sovereign AI technologies, including Takane, a large language model (LLM) optimized for the Japanese market.  As announced  by Japan’s Digital Agency, Takane is among the domestic LLMs selected for evaluation in GENAI, the generative AI environment developed as part of the Agency’s Government AI efforts.

Today, Cohere’s products are deployed by organizations operating in the public sector and advanced manufacturing, reflecting growing demand for secure AI systems that enable organizations to retain control over their data and operations.

To support this growth, Cohere plans to establish a legal entity in Japan, strengthening its ability to serve customers locally and invest further in the country’s rapidly expanding AI ecosystem. As part of this commitment, Cohere is investing in its growing partner ecosystem in Japan, including a training and certification program designed to help local Japanese partners build expertise deploying secure, enterprise-grade AI solutions.

Japan has become one of Cohere’s fastest-growing markets globally, driven by strong demand from organizations seeking enterprise AI that can be deployed securely and adapted to local requirements. The establishment of a legal entity in Japan reflects Cohere’s long-term commitment to building a global ecosystem of frontier AI model builders that can retain choice, security, and control as they build the critical infrastructure of the future.

Cohere is also continuing its initiative to expand its Model Vault offering in Japan, a proprietary AI inference infrastructure that enables secure, region-localized deployment of AI models. Backed by local compute clusters, this initiative allows customers to run fully in-region inferencing for their AI workloads, ensuring customer prompts and model responses remain within Japan while supporting sovereign inferencing and maintaining strong privacy and security protections.

Enabling AI Adoption in Highly Regulated Industries
Cohere’s platform is designed to address complex requirements around security, privacy, compliance, and data residency, with deployment flexibility across public cloud, private cloud, on-premises, and fully air-gapped environments, making Cohere a trusted partner for governments and enterprises operating regulated industries.

Cohere’s record-setting Series E funding, targeting up to CAD $7 billion and representing a CAD $35.7 billion valuation, will accelerate frontier model development, expand enterprise-scale compute infrastructure, and strengthen its full-stack AI platform with purpose-built solutions tailored to regulated industries. The acquisition of AISLE establishes Cohere Cyber, enhancing security and threat detection capabilities for organizations operating in highly sensitive environments. Together, these investments signal Cohere’s ability to support Japanese organizations with secure AI deployments at scale.

Cohere’s continued investments in Japan reflect its belief that organizations increasingly want AI they can deploy on their own terms, with greater control over how it is developed, deployed, and governed.

About Cohere
Cohere, founded in 2019, is a leading provider of sovereign AI for regulated industries and governments that enables organizations to own, operate and govern their AI systems with greater control over their data, infrastructure, and deployment. Our all-in-one platform provides maximum security, privacy, and deployment flexibility across public and private clouds, on-premises environments, and fully air-gapped settings. Headquartered in Toronto, Cohere operates in San Francisco, London, New York, Berlin, Montreal, Ottawa, Singapore, Paris, Tokyo, United Arab Emirates, and Seoul, serving customers worldwide. For more information, visit cohere.com.

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SOURCE Cohere Inc

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