6 unchanged sentences
We currently do not use derivative instruments for trading or speculative purposes.
−Removed: We monitor foreign exchange risks and at times manage such risks on specific transactions.
+Added: We monitor foreign exchange risks and at times manage such risks in specific transactions.
Our risk management process primarily uses analytical techniques and sensitivity analysis.
6 unchanged sentences
The interest charged on these borrowings fluctuates with movements in the benchmark SOFR.
−Removed: As of December 31, 2024, the interest rate on our revolving credit facility was 6.30%, and a 100-basis point increase in SOFR would have increased the amount of interest expense by an immaterial amount for the year ended December 31, 2024.
+Added: As of December 31, 2025, the interest rate on our revolving credit facility was 5.64%, and a 100-basis point increase in SOFR would have had no impact for the year ended December 31, 2025 as there were no borrowings on the revolver during the year.
• Commodity Risk
7 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.