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We are pleased to release our Q3 2025 Equity Research Report on Celsius Holdings, a leader in the functional energy beverage market. Our Consumer & Retail team has produced a comprehensive analysis, incorporating DCF and Public Comparables, that reveals: - Valuation: An intrinsic equity value of $57.63/share (as of 30/09/2025), which is broadly in line with the market price. - Performance: A successful recovery from the 2024 growth deceleration, with Q2 2025 revenue up 84%

Exploring the defining economic shifts of our time: The U.S.–China Trade War The Federal Reserve’s Dilemma Japan’s Tourism Boom ... And many more! KSJ brings together global commentary and student-led insight, connecting policy, markets, and the future of finance. Issue 1 – October 23rd 2025 Scottish Registered Charity No. SC054318

We are pleased to release our first Equity Research Report focusing on BAE Systems, a global leader in defence, aerospace, and security. 🔍 This report provides a comprehensive analysis of BAE Systems’s: - Financial performance and valuation metrics - Strategic positioning in the global defence sector - Growth catalysts - Risks and competitive landscape With rising geopolitical tensions and increased defence spending globally, our research offers critical insights for any

📰 Introducing The King Street Journal At Elphinstone Capital Management, we’re proud to launch the “King Street Journal”. A student-led...