AVISTA CORP
For the period ended Jun 30, 2025. Filed Aug 6, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2025 · Filed Aug 6, 2025
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Results of Operations - Other Businesses
Our other businesses had a net loss of $10 million for the three months ended June 30, 2025 compared to $2 million for the three months ended June 30, 2024. For the first half of 2025, net loss at our other business was $12 million compared to $2 million for the first half of 2024.
The fluctuation in results is primarily related to higher net investment losses. Approximately 75 percent of our investment losses in the first half of 2025 were related to our investments in clean technology. That sector was negatively impacted by shifting public policy and sentiment, leading to decreased valuations of underlying holdings in these investments. Approximately 25 percent of our investment losses in the first half of 2025 were due to dilution of our ownership percentage resulting from issuances of new shares.
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