MAGNA INTERNATIONAL (MGA) Company Report

Magna Mining Inc. has engaged Technica Mining Inc. to commence a pre-feasibility study (PFS) for its Crean Hill Project in Sudbury, Ontario.
The PFS is scheduled to begin in January 2026 and is expected to be completed in Q3 2026.
This study will build upon the September 2024 Preliminary Economic Assessment (PEA), which projected a 13-year mine life and highlighted an after-tax Net Present Value (NPV) (8%) of $194.1 million with an Internal Rate of Return (IRR) of 129%. The PEA also indicated pre-production capital costs of $27.7 million.

Dec 16, 2025, 11:45 AM

Press Release

Magna Mining Provides Exploration Update for Levack Mine's R2 Target

MGA

New Projects/Investments

Magna Mining Inc. announced on December 9, 2025, that ongoing exploration at the past-producing Levack Mine's R2 target in Sudbury, Ontario, continues to intersect multiple high-grade copper and precious metal veins.
Highlights from new assay results include 12.9% Cu, 140.7 g/t Pt+Pd+Au and 78.0 g/t Ag over 0.3 metres from hole FNX6083-W3, and 25.0% Cu, 34.7 g/t Pt+Pd+Au and 151.0 g/t Ag over 0.4 metres from hole FNX2026-W2.
The mineralization within the R2 target area has been intersected over a vertical extent of greater than 200 metres and remains open, with diamond drilling continuing to expand the target area and test for other prospective targets.

Dec 9, 2025, 11:45 AM

Press Release

Magna International Discusses Q4 Margins, 2026 Outlook, and Capital Allocation

MGA

Guidance Update

New Projects/Investments

Share Buyback

Magna anticipates a significant increase in fourth-quarter margins to approximately 7%, up from 5% year-to-date, primarily due to commercial and tariff recoveries.
The company projects an additional 35-40 basis points of margin expansion in 2026, building on previous gains and driven by ongoing operational excellence initiatives, assuming a flattish production environment.
MegaTrend engineering spend is expected to be optimized to around $800 million in 2026, a reduction from $1.2 billion two years prior and $900 million this year, as significant core technology development is largely complete.
Magna's China operations are accretive to the company's average margins and are forecast to achieve +10% year-over-year growth, with 65% of business conducted with Chinese OEMs.
The company is focused on deleveraging, expecting to be below 1.7x by year-end and targeting 1.5x, which positions them for potential share buybacks in 2026.

Nov 20, 2025, 6:10 PM

Transcript

Magna International Discusses Q4 Margin Outlook and 2026 Strategic Initiatives

MGA

Guidance Update

Share Buyback

New Projects/Investments

Magna International anticipates a significant step up in Q4 margins to approximately 7%, primarily driven by commercial recoveries and tariff benefits.
The company expects an additional 35-40 basis points of margin expansion year-over-year into 2026, assuming a flattish production environment, through initiatives such as cost structure optimization, productivity improvements, automation, and digitization.
Magna has optimized its engineering spend, reducing it from $1.2 billion two years ago to approximately $900 million this year, with an expectation to be around $800 million in 2026.
Magna's China business, with 65% of its revenue from Chinese OEMs, is growing at 10%+ year-over-year and is accretive to the company's average margins.
The company is focused on free cash flow generation and expects to be below 1.7x leverage by year-end, setting up 2026 for potential share buybacks. New contract economics include resetting labor economics at the start of production and risk-adjusted higher returns for new programs.

Nov 20, 2025, 6:10 PM

Transcript

Magna Discusses Q4 Margin Outlook, 2026 Operational Improvements, and Capital Allocation

MGA

Guidance Update

Share Buyback

New Projects/Investments

Magna anticipates Q4 margins to be around 7%, a sequential increase from the year-to-date 5%, driven by commercial and tariff recoveries and lower engineering spend.
The company expects to achieve an additional 35-40 basis points of year-over-year margin improvement in 2026 through operational excellence initiatives, including cost structure optimization, material savings, productivity, automation, and digitization, assuming a flattish light vehicle production environment.
MegaTrend engineering spend has been optimized from $1.2 billion two years ago to approximately $900 million this year, with a further reduction to around $800 million expected in 2026.
Magna's China business, with 65% exposure to Chinese OEMs, is growing at over 10% annually and is accretive to the company's average margins.
The company is deleveraging, with a target of 1.5x net debt, and expects 2026 to be favorable for share buybacks due to strong free cash generation and anticipated margin expansion.

Nov 20, 2025, 6:10 PM

Transcript

Magnera Reports Fourth Quarter and Fiscal Year 2025 Results and Provides 2026 Guidance

MGA

Earnings

Guidance Update

Demand Weakening

Magnera reported Q4 2025 net sales of $839 million and operating income of $10 million, with Adjusted EBITDA of $90 million.
For Fiscal Year 2025, the company achieved net sales of $3.2 billion, operating income of $5 million, and Adjusted EBITDA of $362 million.
Magnera generated $126 million in post-merger adjusted free cash flow for Fiscal Year 2025, ending the year with a leverage of 3.8x.
The company provided Fiscal Year 2026 guidance for Adjusted EBITDA between $380 million and $410 million and free cash flow between $90 million and $110 million.

Nov 19, 2025, 11:34 PM

Press Release

Magna Expands Electrification Footprint in China

MGA

New Projects/Investments

Product Launch

Hiring

Magna has opened a new 160,000 square foot facility in Wuhu, China, to produce electric drive systems for Chery and other automakers.
This expansion is intended to meet the growing demand for electric drive systems and is expected to create approximately 200 new jobs.
In 2024, Magna reported $5.6 billion in sales in China, with approximately 60% of this revenue generated from Chinese OEMs.

Nov 19, 2025, 4:00 AM

Press Release

TWFG Announces Third Quarter 2025 Results

MGA

Earnings

Revenue Acceleration/Inflection

M&A

TWFG reported a 21.3% increase in total revenues to $64.1 million for the third quarter ended September 30, 2025.
Adjusted EBITDA for the quarter grew 44.7% year-over-year to $17.0 million, with an Adjusted EBITDA Margin of 26.5%.
Diluted Earnings Per Share was $0.11, and Adjusted Diluted Earnings Per Share was $0.23 for the quarter.
The company achieved an Organic Revenue Growth Rate of 10.2% and expanded its operations by adding eight new retail locations, one new corporate location, and 370 independent agents to its MGA platform during the quarter, with a further acquisition of 23 retail locations post-quarter.

Nov 12, 2025, 9:10 PM

Press Release

Hadron Announces Global Expansion and Strong Growth Trajectory

MGA

New Projects/Investments

Revenue Acceleration/Inflection

Hiring

Hadron plans to expand into the European Union (EU) in early 2026, building on significant progress in the US and UK.
The company anticipates ending 2025 with over £200 million in gross written premiums in the UK and expects 2026 gross written premiums to increase significantly globally.
Hadron is supported by over $250 million in committed capital from Altamont Capital Partners and other institutional investors, and holds an AM Best A- (Excellent) rating.
In the last 12 months, Hadron has onboarded ten new MGA programs in the UK and currently manages approximately 50 insurance programs globally.

Nov 10, 2025, 1:00 PM

Press Release

Magna International Updates 2025 Guidance and Expands Driver Monitoring System

MGA

Guidance Update

Dividends

Product Launch

Magna International reported third-quarter earnings growth and is globally scaling its Driver Monitoring System.
The company has seen an 11% year-to-date share price increase and an 18.8% total shareholder return over the past year, and has increased its dividend for the 15th consecutive year.
Analysts anticipate Magna's earnings to grow at an annual rate of 11.85%, with profit margins projected to rise from 2.4% to 4.0% within three years due to operational improvements.
Despite positive momentum, Magna's 2025 revenue guidance midpoint of USD 39.4 billion is significantly below the consensus estimate of USD 42.4 billion, leading to a reduction in fair value estimates.