Quarterly report [Sections 13 or 15(d)]

INCOME TAXES

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INCOME TAXES
 6 Months Ended
Jun. 30, 2025
Income Tax Disclosure [Abstract]  
INCOME TAXES

NOTE 8. INCOME TAXES

Our forecasted annual effective tax rate (“AETR”) at June 30, 2025 was 7.5%, as compared to 10.5% at June 30, 2024. The decrease was primarily driven by the amount of permanent differences compared to the prior year period, mainly attributable to legal expenses incurred related to the acquisition by Evolution.

For the six months ended June 30, 2025 and 2024, our effective tax rate (“ETR”) was (13.9)% and 10.8%, respectively. The decrease in the ETR for the six months ended June 30, 2025 is mainly attributable to the loss on extinguishment of debt as compared to the six months ended June 30, 2024.