QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK
−Removed: As of December 31, 2024, our debt bears fixed interest rates and we had no outstanding debt with variable interest rates.
+Added: As of December 31, 2025, our debt bears fixed interest rate and we had no outstanding debt with variable interest rates.
Our cash flows on these debt obligations are not subject to variability as a result of changes in interest rates.
2 unchanged sentences
Refer to Note 6 “Equity and Long-Term Investments and Fair Value Measurements” to the Consolidated Financial Statements for more information.
−Removed: Inflation has increased during the period covered by this Annual Report on Form 10-K and could continue to increase for the near future.
−Removed: Inflationary factors, such as increases in the cost of our raw materials, supplies, interest rates and overhead costs may adversely affect our operating results.
+Added: Inflation has increased during the periods covered by this Annual Report on Form 10-K and could continue to increase for the near future.
+Added: Inflationary factors, such as increases in the cost of our raw materials, supplies, interest rates and overhead costs, as well as trade and other international disputes, may adversely affect our operating results.
Although we do not believe that inflation has had a material impact on our financial position or results of operations to date, we may experience some effect in the near future if inflation rates continue to rise.
6 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.