<span item_type="fundamental" item_id="ad3838ea6670981f1029abaf25de5bd4" counter_id="ETF/US/LCAP" env="prod"></span><span item_type="announcement" item_id="584616003610614273" env="prod"></span><p>Revenue: As of FY2025 Q3, the actual value is USD 198 K.</p><p>EPS: As of FY2025 Q3, the actual value is USD -132.71.</p><p>EBIT: As of FY2025 Q3, the actual value is USD 6.717 M.</p><p></p><h3>Financial Metrics by Segment</h3><h4>Segment Revenue</h4><ul><li><strong>Claims Recovery Income</strong>: $1.6 million for the nine months ended September 30, 2025, compared to $9.9 million for the same period in 2024, a decrease of $8.3 million or 84%.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1802450/000119312525288180/mspr-20250930.htm"></span></li><li><strong>Other Revenue</strong>: $7 thousand for the nine months ended September 30, 2025, compared to $127 thousand for the same period in 2024, a decrease of $120 thousand or 94%.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1802450/000119312525288180/mspr-20250930.htm"></span></li></ul><h4>Operational Metrics</h4><ul><li><strong>Net Loss</strong>: $723.3 million for the nine months ended September 30, 2025, compared to $578.8 million for the same period in 2024, an increase of $144.4 million or 25%.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1802450/000119312525288180/mspr-20250930.htm"></span></li><li><strong>Claims Amortization Expense</strong>: $355.9 million for the nine months ended September 30, 2025, compared to $363.0 million for the same period in 2024, a decrease of $7.1 million or 2%.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1802450/000119312525288180/mspr-20250930.htm"></span></li><li><strong>General and Administrative Expenses</strong>: $13.7 million for the nine months ended September 30, 2025, compared to $17.1 million for the same period in 2024, a decrease of $3.5 million or 20%.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1802450/000119312525288180/mspr-20250930.htm"></span></li><li><strong>Professional Fees</strong>: $5.6 million for the nine months ended September 30, 2025, compared to $12.0 million for the same period in 2024, a decrease of $6.4 million or 53%.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1802450/000119312525288180/mspr-20250930.htm"></span></li><li><strong>Professional Fees – Legal</strong>: $0.5 million for the nine months ended September 30, 2025, compared to $9.1 million for the same period in 2024, a decrease of $8.7 million or 95%.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1802450/000119312525288180/mspr-20250930.htm"></span></li><li><strong>Interest Expense</strong>: $374.0 million for the nine months ended September 30, 2025, compared to $306.6 million for the same period in 2024, an increase of $67.4 million or 22%.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1802450/000119312525288180/mspr-20250930.htm"></span></li><li><strong>Other (Expense) Income, Net</strong>: - $15.2 million for the nine months ended September 30, 2025, compared to $1.1 million for the same period in 2024, a decrease of $16.3 million.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1802450/000119312525288180/mspr-20250930.htm"></span></li><li><strong>Change in Fair Value of Warrant and Derivative Liabilities</strong>: $41.4 million for the nine months ended September 30, 2025, compared to $121.6 million for the same period in 2024, a decrease of $80.2 million or 66%.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1802450/000119312525288180/mspr-20250930.htm"></span></li></ul><h4>Cash Flow</h4><ul><li><strong>Net Cash Used in Operating Activities</strong>: - $19.1 million for the nine months ended September 30, 2025, compared to - $17.9 million for the same period in 2024, an increase of $1.2 million.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1802450/000119312525288180/mspr-20250930.htm"></span></li><li><strong>Net Cash Used in Investing Activities</strong>: - $0.2 million for the nine months ended September 30, 2025, compared to - $2.4 million for the same period in 2024, a decrease of $2.2 million.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1802450/000119312525288180/mspr-20250930.htm"></span></li><li><strong>Net Cash Provided by Financing Activities</strong>: $8.7 million for the nine months ended September 30, 2025, compared to $13.3 million for the same period in 2024, a decrease of $4.6 million.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1802450/000119312525288180/mspr-20250930.htm"></span></li></ul><h3>Future Outlook and Strategy</h3><h4>Core Business Focus</h4><ul><li>The Company is focused on addressing liquidity concerns and raising additional funds through the Yorkville SEPA, which is currently the sole source of liquidity to meet short-term obligations.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1802450/000119312525288180/mspr-20250930.htm"></span></li><li>The Company is seeking to raise additional funds through the offering of debt or equity securities to continue operations.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1802450/000119312525288180/mspr-20250930.htm"></span></li></ul><h4>Non-Core Business</h4><ul><li>The Company is exploring potential transactions under the Term Sheet with an Investor for a potential first lien secured delayed draw term loan facility of up to $55.0 million, subject to negotiation and execution of definitive documentation.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1802450/000119312525288180/mspr-20250930.htm"></span></li></ul><h4>Priority</h4><ul><li>The Company is prioritizing the resolution of its liquidity issues and the continuation of its operations through strategic financing and cost management.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1802450/000119312525288180/mspr-20250930.htm"></span></li></ul>

Principal Capital Appreciation Sel ETF | 10-Q: FY2025 Q3 Revenue: USD 198 K