EBITDA of USD 53.5m (-7% vs. ARCe, -9% vs. Cons.)Keeping DPS unchanged at 75 centsLifting EBITDA guidance by 11% mid-point, 5% upside to consensusWhile the guidance increase was expected, it de-risks the 2026 DPSas 91% of the remaining '26 days are coveredNeutral report
