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Category: Americas

  • MIL-OSI USA: Environmental Justice Caucus Co-Chairs Markey, Duckworth, Booker Slam Trump Administration Plan to Eliminate EPA’s Ability to Protect Public Health from Climate Change

    US Senate News:

    Source: United States Senator for Massachusetts Ed Markey

    Washington (July 31, 2025) – Senators Edward J. Markey (D-Mass.), Tammy Duckworth (D-Ill.), Cory Booker (D-N.J.)—co-chairs of the U.S. Senate Environmental Justice Caucus—issued the following statement after Environmental Protection Agency (EPA) Administrator Lee Zeldin announced his proposal to rescind the 2009 endangerment finding, a landmark determination that requires the EPA to address greenhouse gas emissions and pollution because of the threat that climate change poses to public health and welfare. By rescinding the endangerment finding, the Trump administration will effectively declaw the EPA, giving big businesses a green light to pollute our air and devastate environmental justice communities.

    “Once again, the Trump administration is sacrificing our children’s future to protect polluters in the present. Trump and Zeldin are annihilating the key legal foundation that requires our government to act on climate change because it threatens the health of Americans—their repeal of the endangerment finding is ignorant, runs counter to scientific fact and will put lives at risk. Environmental justice communities are particularly threatened by this wrong-headed decision, since they are most exposed to climate impacts and have the fewest resources to protect themselves. The Trump administration must reverse this decision—it flies in the face of science, the law, and our moral responsibility to protect our future.”

    As co-chairs of the Senate Environmental Justice Caucus, Markey, Duckworth, and Booker have long pushed to strengthen and defend environmental justice efforts across the country. Earlier this month, the three condemned Republicans’ cuts to environmental justice grants that were included in Donald Trump’s Big, Beautiful Betrayal. Earlier this week, Markey held a press conference outside EPA headquarters to rail against the Trump administration’s plans to rescind the endangerment finding. In March, Duckworth and Booker condemned the Trump administration for shutting down all of EPA’s environmental justice offices and slashing over 30 EPA regulations that have helped protect our nation’s public health and the environment for decades.

    In February, Markey, Duckworth, and Booker—along with Senator Lisa Blunt Rochester (D-Del.)—urged EPA Administrator Zeldin to reopen the EPA’s Office of Environmental Justice and External Civil Rights (OEJECR), which Duckworth and Booker led the charge to create. Markey, Duckworth, and Booker also helped introduce legislation that would permanently codify the Office of Environmental Justice within the Department of Justice’s (DOJ) Environment and Natural Resources Division (ENRD) in response to Attorney General Bondi’s order eliminating all environmental justice efforts at the DOJ.

    MIL OSI USA News –

  • MIL-OSI USA: Markey Builds Bipartisan Momentum with Reintroduction of His Warehouse Worker Protection Act

    US Senate News:

    Source: United States Senator for Massachusetts Ed Markey

    Bill Text (PDF)

    Washington (July 31, 2025) – Senator Edward J. Markey (D-Mass.), member of the Health, Education, Labor, and Pensions (HELP) Committee, along with Senators Tina Smith (D-Minn.) and Josh Hawley (R-Mo.) and Representatives Donald Norcross (NJ-01), Mike Lawler (NY-17), and Haley Stevens (MI-11), today reintroduced the bipartisan, bicameral Warehouse Worker Protection Act, legislation to prohibit dangerous speed quotas and that threaten warehouse worker safety and lead to high injury rates. The legislation is cosponsored by Senators Roger Marshall (R-Kan.), Bernie Sanders (I-Vt.), Alex Padilla (D-Calif.), Richard Blumenthal (D-Conn.), Peter Welch (D-Vt.), Elizabeth Warren (D-Mass.), and Chris Murphy (D-Conn.).

    Major corporations often institute speed and productivity quotas for warehouse workers that force workers past their physical limits, leading to high injury rates. One in 15 Amazon warehouse workers is injured at work seriously enough to need days off or light duty to recover. Nearly 2 million Americans work in warehouses nationwide.

    The Warehouse Worker Protection Act would institute the basic standards necessary to ensure all workers experience a safe and dignified workplace. The bill would prohibit the use of dangerous speed quotas that rely on intrusive surveillance, interfere with workers’ ability to use the bathroom and take guaranteed breaks, and push workers past safe physical limits. The bill would also prohibit measures that prevent workers from exercising their right to unionize.

    “Workers deserve to clock in knowing they will return home safe and healthy at the end of their shift. The Warehouse Worker Protection Act would protect the basic health and dignity of workers from corporate bosses who time and again have prioritized unfettered greed and profit over their own people,” said Senator Markey. “I am proudly in solidarity with nearly two million warehouse workers nationwide in the fight to ensure that their rights, safety, and dignity are protected.”

    “Corporations need to prioritize their workers’ safety and well-being over profits. This bipartisan legislation will hold the warehouse industry accountable while combatting the industry’s worst practices. It’s time to put workers’ safety first and treat them with the dignity they deserve,” said Senator Hawley.

    “Corporate profits should never be placed above the safety and dignity of American workers,” said Senator Smith. “The Warehouse Worker Protection Act ends secret, aggressive productivity metrics and surveillance methods used by major companies, and instead puts power back in the hands of the workers who experience these conditions every day. Workers should never have to choose between their health and their next paycheck, and should not be harmed in service of corporate greed – this bill takes an important step in establishing safe, just workplaces for all.”

    “In 2022, three New Jersey warehouse workers tragically died on the job within weeks of each other, bringing attention to working conditions and injury rates in warehouses. Businesses can keep workers safe and earn a profit, but that’s only possible with more transparency and accountability,” said Congressman Norcross. “As a former electrician, I know firsthand what it’s like to lose a coworker on the job. The Warehouse Worker Protection Act takes necessary steps to ensure everyone can come home from work safely.”

    “Amid the vast expansion of shipping and online shopping, the warehouse workers keeping this economy moving have been left behind,” said Senator Marshall. “For too long, companies have been implementing outlandish quotas, cutting into workers’ rights and leading to injuries. That ends with this bill. I’m proud to support Senator Markey in providing proper protections for workers, ending the fear of abusive quotas.”

    “Amazon and other abusive warehouse employers are squeezing their workers for every penny of profit, leaving behind tired and broken bodies,” said Teamsters General President Sean M. O’Brien. “These corporate criminals are destroying good jobs in an industry that once supported a strong middle class. But one thing stands in their way—that’s the Teamsters Union, along with a bipartisan coalition of lawmakers who understand what’s at stake. It’s time to pass the Warehouse Worker Protection Act and put workers’ safety over corporate profits.”

    “Everyone deserves a guarantee of safety and dignity on the job, but retail giants like Amazon are raking in record profits on the backs of their workers, subjecting them to incredibly high rates of injury, unsustainable pace pressures, and punitive surveillance systems,” said Patricia Stottlemyer, Labor Rights Policy Lead at Oxfam America. “The re-introduction of the Warehouse Worker Protection Act is a critical step toward finally securing the safeguards and protections that these workers desperately need.”

    “Every day, we face unrealistic quotas and unsafe conditions just to keep our jobs at Amazon. The Warehouse Worker Protection Act gives us hope that our lives and safety will finally matter more than productivity rates. We fought for this law — and with support from Awood Center and national coalitions like Athena, we made it happen. Now we need Amazon to comply with the law or face consequences. It’s been in effect for a year, and they’re still falling short,” said an Amazon warehouse worker, supported by Awood Center, a worker center in Minnesota that uplifts East African immigrant workers.

    “At a time when Amazon warehouse workers like me are being injured at twice the rate as workers at other warehouses, this bill is a monumental step forward to holding companies like Amazon accountable and finally getting the workplace protections we deserve,” said Ronald “Mr. Ron” Sewell, an Amazon associate at ATL6 in Georgia and leader with United for Respect. “My coworkers and I are constantly putting our safety at risk to meet Amazon’s backbreaking productivity quotas, and we’ve had enough. Our lives are not expendable – we need real change to improve safety on the job, and this bill will help make that a reality.”

    “For too long, multi-billion dollar corporations like Walmart and Amazon have gotten away with forcing warehouse workers to meet unreasonable daily quotas — leading to countless injuries on the job — just so they can grow their profits. It’s long past time for that to change,” said Terrysa Guerra, Co-Executive Director of United for Respect. “These protections for warehouse workers will usher in a new era of accountability for these companies, and most importantly, will help improve workplace safety for hundreds of thousands of low-wage warehouse workers. United for Respect is thrilled to support this legislation.”

    “We’ve seen that when workers try to meet unattainable distribution center quotas, they get hurt; when they file for workers comp for their injuries, they get denied or fired. The Warehouse Worker Protection Act will protect workers from harm and blatant violation of their rights in an industry that treats them as expendable, and lead to safer, more dignified working conditions for the people who make life easier for the rest of us. Since New York’s version of this law went into effect in June, warehouse workers have already been feeling more secure in their rights. That’s something every single worker in the country deserves to feel—and why it’s so important that we pass the federal Warehouse Worker Protection Act as soon as possible,” said Vanessa Cid, Labor Organizer at For the Many.

    “Amazon’s greed has created a nationwide worker injury crisis as they put profit over people time and time again,” said Theodore A. Moore, Executive Director of ALIGN, leader of the New Yorkers for a Fair Economy coalition. “We’re proud of the work we’ve done to regulate warehouse safety in New York, but it’s time to take federal action and ensure that one of the richest companies in the world keeps their workers safe everywhere. We applaud Senator Markey’s leadership and urge Governor Hochul to lead the way with strong enforcement of New York’s Warehouse Worker Injury Reduction Act.”

    “We are facing a workplace injury crisis in warehouses across America,” said Irene Tung, Senior Researcher and Policy Analyst at the National Employment Law Project. “NELP’s research has found that the digital surveillance and disciplinary practices at companies like Amazon create a climate of fear for workers and astronomically high injury rates at warehouses. We urgently need the Warehouse Worker Protection Act to rein in these abuses and support workers’ right to organize for autonomy and safety on the job.”

    The Warehouse Worker Protection Act is endorsed by the International Brotherhood of Teamsters, the National Employment Law Project (NELP), the Athena Coalition, and Oxfam America.

    In May 2024, Senator Markey, along with Senator Smith and then Senator Bob Casey (D-Pa.), first introduced the Warehouse Worker Protection Act. In September 2024, Senator Markey celebrated the bipartisan momentum growing behind the bill.

    MIL OSI USA News –

  • MIL-OSI: BW Energy: Second quarter and first half 2025 results 

    Source: GlobeNewswire (MIL-OSI)

    BW Energy delivered strong operational performance in the first half of 2025, driven by high production uptime, competitive cost levels, and a solid safety record with zero lost time incidents. The Company’s project portfolio continues to advance, with final investment decisions taken on both the Maromba development and the Golfinho Boost project. In addition, a substantial oil discovery was made at the Bourdon prospect in the Dussafu area, further expanding BW Energy’s resource base. Backed by strong cash generation and a resilient financial structure, BW Energy is well placed to drive growth and create long-term shareholder value. 

    HIGHLIGHTS 

    Strong operational performance 

    • H1 2025 net production of 6.2 (4.6) million barrels, equal to 34.2 (25.4) kbopd  
    • Operating cost1 of USD 18.3 (26.2) per barrel and zero lost time incidents 
    • Assumed operatorship of the BW Adolo FPSO 

     Successfully developing and increasing the resource base 

    • Final investment decision made on Maromba and Golfinho Boost projects 
    • Substantial oil discovery of 25 mmbbls in the Bourdon prospect  

    Robust financial results 

    • H1 2025 EBITDA of USD 281.1 (185.8) million and net profit of USD 109.7 (61.9) million 
    • Q2 2025 EBITDA of USD 99.0 million and net profit of USD 26.7 million 
    • Operating cash flow of USD 162.0 (85.1) million  
    • Cash position of USD 192.9 (244.2) million at 30 June 
    • New and upsized RBL facility up to USD 500 million


    2025 guidance unchanged 

    • Production: 11-12 mmbbls (30-32 kbopd) 
    • Operating cost1: USD 18-22 per barrel 
    • CAPEX: USD 650-700 million 
    • G&A: USD 19-22 million 

     (Numbers in parenthesis refer to H1 2024) 

    1) Operating costs exclude royalties, tariffs, workovers, crude oil purchases for domestic market obligations, production sharing costs in Gabon, and incorporates the impact of IFRS 16 adjustments 

    Comment from the CEO of BW Energy, Carl Arnet:  

    “BW Energy delivered a strong first half of 2025, with production above the upper end of our guidance range and operating costs at significantly more competitive levels than in 2024. This reflects continued focus on safe, efficient operations and disciplined cost management across the portfolio.

    During the period, we moved key development projects into execution, marking an important step forward in our growth strategy. The Maromba development in Brazil is now underway and will be transformative for BW Energy, increasing production to more than 90,000 barrels per day in 2028.

    Furthermore, we strengthened our portfolio, confirming new resources at the Bourdon prospect in the Dussafu licence. These are highly profitable barrels that highlight our strategy of leveraging existing infrastructure and pursuing fast‑track developments to accelerate value creation.

    Our financial foundation remains robust, with low leverage and strong underlying cash generation. This gives us the resilience to navigate market volatility while continuing to deliver growth and long‑term value for our shareholders.”


    Please find attached the report for the first half of 2025 and the second quarter presentation. 

    The report, presentation, excel data book and webcast will be available on:

    www.bwenergy.no/investors/reports-and-presentations 

    CONFERENCE CALL/WEBCAST  

    BW Energy will today hold a conference call followed by a Q&A hosted by CEO Carl K. Arnet and CFO Brice Morlot at 14:00 CEST.  

    The presentation may also be followed via webcast on:  

    https://events.webcast.no/viewer-registration/qQC1bQEB/register  

    Please note, that if you follow the webcast via the above URL, you will experience a 30 second delay compared to the main conference call. The web page works best in an updated browser – Chrome is recommended. 

    Conference call information:  

    To dial in to the conference call where the second quarter results and Q&A will be hosted, please dial in to one of the following numbers:  

    Participants dial in numbers: 

    DK: +45 7876 8490 
    SE: +46 8 1241 0952 
    NO: +47 2195 6342 
    UK: +44 203 769 6819 
    US: +1 646-787-0157 
    Singapore: 65-3-1591097 
    France: 33-1-81221259 
     
    Conference code: 980877  

    For further information, please contact: 

    Martin Seland Simensen, VP Investor Relations

    +47 416 92 087  

    Martin.simensen@bwenergy.no 

    About BW Energy: 

    BW Energy is a growth E&P company with a differentiated strategy targeting proven offshore oil and gas reservoirs through low risk phased developments. The Company has access to existing production facilities to reduce time to first oil and cashflow with lower investments than traditional offshore developments. The Company’s assets are 73.5% of the producing Dussafu Marine licence offshore Gabon, 100% interest in the Golfinho and Camarupim fields, a 76.5% interest in the BM-ES-23 block, a 95% interest in the Maromba field in Brazil, a 95% interest in the Kudu field in Namibia, all operated by BW Energy. In addition, BW Energy holds approximately 7% of the common shares in Reconnaissance Energy Africa Ltd. and a 20% non-operating interest in the onshore Petroleum Exploration License 73 (“PEL 73”) in Namibia. Total net 2P+2C reserves and resources were 599 million barrels of oil equivalent at the start of 2025.  

    This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.  

    Attachments

    The MIL Network –

  • Trying to convince people to visit J&K, says Omar Abdullah to PM Modi’s praise of his Gujarat visit

    Source: Government of India

    Source: Government of India (4)

    Jammu and Kashmir Chief Minister Omar Abdullah on Friday responded warmly to Prime Minister Narendra Modi’s praise for his recent visit to Gujarat, reaffirming the critical role tourism plays in J&K’s economy and national integration.

    In a post on X, Abdullah wrote: “I’m a firm believer that travel broadens the horizons & the mind, @narendramodi ji. It’s especially important for us in J&K, as tourism is a crucial part of our economy and has the potential to gainfully employ lakhs of people. That’s why my colleagues and I are trying to convince more of our fellow Indians to visit J&K, especially after the tragic events earlier this year.”

    His remarks came in response to a message from PM Modi, who had lauded Abdullah’s visit to the Sabarmati Riverfront and the Statue of Unity during a recent tourism event in Ahmedabad.

    “Kashmir to Kevadia! Good to see Shri Omar Abdullah Ji enjoying his run at the Sabarmati Riverfront and visiting the Statue of Unity. His visit to SoU gives an important message of unity and will inspire our fellow Indians to travel to different parts of India,” the Prime Minister posted on X.

    Abdullah had earlier shared his experience from Gujarat, where he went for a morning run along the Sabarmati Riverfront.
    “While in #Ahmedabad for a tourism event, I took advantage of being here to get my morning run at the famed Sabarmati River Front promenade. It’s one of the nicest places I’ve been able to run, and it was a pleasure to share it with so many other walkers and runners. I even managed to run past the amazing Atal Foot Bridge,” he wrote.

    The J&K Chief Minister was on a two-day visit to Gujarat aimed at promoting the Union Territory as a travel destination, particularly in the aftermath of the April 22 terror attack in Pahalgam, which led to a temporary decline in tourist activity.

    During his visit, Abdullah met with tour operators and travel industry stakeholders to rebuild trust and attract more domestic tourists to the region. He also held a meeting with Gujarat Chief Minister Bhupendra Patel.

    -IANS

  • MIL-OSI: Atos – Half-year 2025 results on track. Full Year 2025 targets confirmed

    Source: GlobeNewswire (MIL-OSI)

    Press Release

    Half-year 2025 results on track
    Full Year 2025 targets confirmed

    • Significant progress in the execution of the Genesis transformation plan
      • Reset of cost base well engaged, already impacting profitability
      • Over 50% of the overall Genesis restructuring target incurred
        at the end of June
      • Growth pillar initial phase achieved to deliver long-term ambition
    • Operating Margin up 80 bps proforma from 2.0% to 2.8%, to €113m (+15.4% yoy) despite the material decline in revenue, as anticipated
      • Atos SBU: +1.7 pts to 5.7% driven by initial benefits from the restructuring plan and tight contract management
      • Eviden SBU: -1.7 pts to -7.9% – consistent with previously announced seasonality
    • Significant improvement in Free Cash Flow1to -€96m (including -€154m cash restructuring) from -€593m in H1 2024
    • H1 revenue at €4,020m, down 17.4% organically due to expected impact of contracts exit and low business traction in 2024.
    • Achieved a 10 pts yoy Book-to-Bill improvement reaching 83% despite soft market environment with:
      • Improved or flat order entry in all regions apart from France
      • Continued strategic deal wins with 11 large multi-year contracts signed vs. 5 in H1 2024. The positive commercial momentum is expected to continue in H2 2025
      • Rolling 12-month pipeline increased by €1.5bn in Q2 including €1.3bn in large deals (over €30m)
    • Full Year 2025 targets and long-term trajectory confirmed   
    • Share Purchase Agreement signed with the French State for the sale of Advanced Computing activities

    Paris, August 1st, 2025 – Atos, a leading provider of AI-powered digital transformation, today announces its half year 2025 financial results.

    Philippe Salle, Atos Group Chairman of the Board of Directors and Chief Executive Officer, declared:

    “In a challenging environment, I am very encouraged by the determination of our teams in rolling-out the Genesis transformation plan with no delay. The voluntary optimization of the Group cost base is already starting to show initial benefits as shown through our half-year results: the operating margin is improving by over 15% year-on-year, a positive momentum which we intend to pursue. Our limited cash consumption is reflecting our disciplined approach to cash management, and we notice a sheer increase in enthusiasm among our customers towards the strategic refocusing of the Group.
    We also reached a new significant milestone towards the sale of our Advanced Computing activities with the signature of a share purchase agreement with the French State.
    We are looking ahead to the rest of the year and beyond with confidence and a single focus: executing on our strategy. We remain strongly committed to our 2025 targets and our long-term financial trajectory.”

    H1 2025 performance highlights

    In € million H1 2025 H1 2024 Var.   H1 2024* Organic Var.
    Revenue 4,020  4,964 (944)   4,865 (845) 
    Operating Margin 113  115 (2)   98 +15
    In % of revenue 2.8% 2.3% +0.5 pts   2.0%  +0.8 pts
    OMDA 309  373 (64)      
    In % of revenue 7.7% 7.5% +0.2 pts      
    Net income – Group share  -696 -1,941 + 1,245      
    Free Cash Flow2 -96  -593 + 497      
    Net debt (excl. IFRS 9 adjustment) -1,681  -4,218 + 2,537      

    *: at constant scope and June 2025 average exchange rates

    Operational performance

    Group revenue reached 4,020 million euros in the first half 2025, reflecting a 17.4% organic decline compared to the first half of 2024, driven by 2024 contract losses and voluntary contract exits, especially in the Atos Strategic Business Unit (SBU) in the United States and the United Kingdom, as well as overall soft market environment. The Atos SBU generated revenue of 3,603 million euros, down 17.9% organically compared to the first half of 2024. The Eviden SBU revenue was down 11.9% compared to the first half of 2024, to 417 million euros in the first half of 2025.

    Group operating margin reached 113 million euros in the first half of 2025, representing an organic 15% increase compared to the first half of 2024 and 2.8% of revenue (compared to 2.0% in the first half of 2024), despite a 845 million revenue decline year-on-year. This performance demonstrates the initial benefits of the cost reduction measures engaged since the beginning of the year, especially in the Atos SBU where the operating margin improved 18% year-on-year. The Eviden SBU profitability was lower than last year, as expected, due to a strong seasonality throughout the year.

    Disclosure in this section represents the revised reporting structure of Atos Group, following the implementation of the new organization in the first half 2025 reporting period. These are those that will be presented in the consolidated financial statements for the first half of 2025, which will be included in the 2025 half year report. Atos has identified Atos France, Atos BNN Benelux & the Nordics, Atos UK&I, Atos USA & CA, Atos GACE, Atos IM, Atos Global Delivery Centers, Eviden and Global Structures as the operating segments, mirroring the internal reporting structure. This reflects the review, management and assessment of the group’s operating results by Group Management following the implementation of the new organization.

    In € million  H1 2025 Revenue H1 2024*   Revenue Organic variation H1 2025 OM H1 2024 OM* H1 2025 OM Organic variation*  
     
    ATOS 3,603 4,391 -17.9% 204 173 5.7% +18.2%  
    Germany, Austria & Central Europe 767 831 -7.6% 1 -11 0.1% ns  
    USA & Canada 695 978 -29.0% 70 92 10.1% -24.4%  
    France 591 663 -10.8% 13 9 2.1% +45.4%  
    UK & Ireland 583 821 -29,0% 50 48 8.6% +4.5%  
    International Markets 561 668 -16.0% 46 39 8.2% +18.8%  
    BNN Benelux & the Nordics 402 425 -5.4% 23 -1 5.6% ns  
    Global Delivery Centers 5 6 -18.7% 2 -3 0.1% ns  
    Eviden 417 474 -11.9% -33 -30 -7.9% +11.5%  
    Global Structures – – – -57 -45 -1.4% +28.8%  
    Group total 4,020 4,865 -17.4% 113 98 2.8% +15.4%  

     *: at constant scope and June 2025 average exchange rates

    Atos – Germany, Austria & Central Europe revenue was 767 million euros in the first half of 2025, representing a 7.6% organic decline compared to the first half of 2024 with a significant ramp down from a couple of large clients who implemented insourcing strategies. It also stemmed from managed exits from low profitability contracts. That was partially offset by successful fertilization and cross selling at existing clients.

    Operating margin improved by 140 basis points year-on-year despite the non-recurring treatment of some reorganization expenses in the first half of 2024. It reached breakeven in the first half of 2025 thanks to the restructured delivery of existing contract portfolio and benefits from cost-saving initiatives.

    Atos – USA & Canada revenue decreased by 284 million euros year-on-year on a proforma basis. This was driven essentially by 2024 large contract completions and ramp-downs as well as an uncertain macro and political environment. Churn on small size contracts was more than offset by growing activity at existing clients and new contracts during the period.

    Operating margin improved 60 basis points compared to the first half of 2024 despite the material impact from revenue fall thru, thanks to the Genesis-led margin optimization actions already in place. It stood at 70 million euros in the first half of 2025.

    Atos – France revenue reached 591 million euros in the first half of 2025, down 10.8% organically from the first half of 2024, due to high exposure to the recently muted public sector and the impact of financial restructuring on client perception in 2024.

    Operating margin improved by 80 basis points year-on-year thanks to the benefit of cost-cutting initiatives on indirect costs, an improved billability rate despite revenue decline and improving low profitability contract management, quality of delivery and automation.

    Atos – UK & Ireland revenue reached 583 million euros in the first half of 2025, down 29% organically year-on-year mostly as a result of planned large public sector BPO contracts completion in the fourth quarter of 2024.

    Operating margin improved 280 basis points compared to the first half of 2024. In absolute terms, it was stable year-on-year despite the sharp decrease in revenue, thanks to the restructuring of low profitability contracts, successful delivery of new business and an already visible impact from cost-saving initiatives.

    Atos – International Markets revenue was down 16% organically in the first half of 2025, to 561 million euros, mostly driven by softer performance in Asia Pacific, Switzerland and Major events that had benefited from the Olympics in the first half of 2024. That was partially offset by growing revenues in South America.

    Operating margin improved by 240 bps compared to the first half of 2024 and reached 46 million euros in the first half of 2025 (up 7 million year-on-year). The contribution from lost revenue was more than offset by improved productivity, benefits from the Genesis transformation plan and lower one-off costs year-on-year with Olympics-related marketing costs incurred in the first half of 2024.

    Atos – BNN, Benelux and the Nordics revenue stood at 402 million euros in the first half of 2025, down 5.4% organically compared to the first half of 2024 with churn partially offset by growing activity at existing clients.

    Operating margin turned positive in the first half of 2025, to 23 million euros, or 5.6% of revenues. This was driven by the ramp up of higher profitability contracts and positive contribution from the Genesis action plan and continued positive service and project delivery.

    Eviden revenue was 417 million euros in the first half of 2025, down 11.9% organically year-on-year, driven by the anticipated strong seasonality in Advanced Computing (down 10.9% compared to the first half of 2024).
    Operating margin was –33 million euros, compared to -30 million euros in the first half of 2024 again, due to the seasonality in Advanced Computing. Significant revenue and profit recognition is expected in the fourth quarter of 2025. On a full-year basis the business unit is expected to generate positive operating margin.

    Global Structures costs stood at -57 million euros in the first half of 2025, compared to -45 million euros in the first half of 2024, due to the non-recurring treatment of reorganization costs in the first half of 2024 and the UEFA marketing costs incurred centrally in the first half of 2025.

    Update on the Genesis plan execution

    At the Capital Markets Day that was held on May 14, 2025, the Group unveiled “Genesis”, its strategic and transformation plan for the next 4 years. It includes 22 workstreams regrouped under 7 pillars:

    • Growth
    • Human Resources
    • Countries review
    • Portfolio review
    • Gross Margin
    • Cost review
    • Cash

    During the first half of 2025 significant progress was achieved, including the following:

    • Growth transformation: it has now passed the initial phase with a new growth and sales teams operating model deployed in all geographies and centrally. That included the right sizing and upskilling of the teams and sales enablement initiatives as well as prioritization to ensure frontline excellence and support future growth ambition. With that, processes were streamlined and optimized, enabling the sales force to concentrate efforts on meeting client needs. It is anticipated to yield results from the second half onwards
    • Countries review: to sharpen the geographical focus as announced in the Capital Markets Day, the Group exited one country and formally launched disposal processes for additional non-core countries
    • Contract portfolio review: in the first half of 2025, the Group reduced its exposure to low margin contracts (ie contracts with a project margin below 5%) to only three significant ones (vs seven at the end of 2024), and totaling a c.16 million euros negative impact on operating margin compared to c.52 million euros in the first half of 2024
    • Delivery and G&A optimization: the billability rate improved from 76% to 79% during the first half, and the General & Administrative cost base was reduced by 10% compared to the same period last year. Overall, over 50% of the 3-year restructuring envelope of 700 million euros was incurred at the end of June. The total headcount was 69,597 at the end of the period

    Order entry and backlog

    Commercial activity

    Order entry reached €3.3 billion in H1 2025, slightly lower than the reported H1 2024 level, due to:

    • Muted commercial activity in France where significant organizational changes are being implemented to improve commercial efficiency, enrich our offering and secure long term business performance. All other regions delivered roughly flat or growing order entry in the first half of the year
    • The soft market environment observed in the last few months

    Book-to-bill ratio was 83% in the first half of 2025, up from 73% in the same period of 2024. Main contract signatures in the second quarter of 2025 included two 4+ years Digital workplace deals totaling 140 million euros (of which 100 million euros in North America and 40 million euros in the UK), a 5+ years 80 million euros mainframe deal with a North American wholesaler of technology products, a 4+ years 50 million euros Cybersecurity contract in the public sector in Belgium, and two 3+ years digital applications contracts in Europe for a cumulative amount of 90 million euros with a consumer goods player on one side and a public sector body on the other.

    Backlog & commercial pipeline

    At the end of June 2025, the full backlog reached €12 billion representing 1.5 years of revenue.
    The full qualified pipeline amounted to €4.1 billion at the end of June 2025, representing 6.1 months of revenue.

    Net income

    OOI
    Other operating income and expenses amounted to –566 million euros in the first half of 2025, compared to –1,819 million euros in the first half of 2024. It mostly included restructuring and other non-recurring charges in relation to the Genesis transformation plan, as well as litigation provisions.

    Financial income
    Net financial expense was -202 million euros in the first half of 2025, compared to -175 million euros in the first half of 2024, reflecting the new debt structure of the Group and the fair value adjustment of the net debt.

    Tax
    Tax charge stood at -41 million euros in the first half of 2025, compared to -62 million euros in the first half of 2024.

    Net result group share
    As a result of the above net result Group share was a loss of –696 million euros in the first half of 2025, compared to a loss of –1,941 million euros in the first half of 2024.

    Free cash flow

    Free cash flow for the period stood at –96 million euros for the period excluding changes in working capital actions (WCA), reflecting the following items:

    • Operating margin before depreciation and amortization (OMDA) of 309 million euros
    • Capex of –93 million euros, or 2.3% of revenues
    • Leases of –122 million euros
    • Change in working capital requirement (excluding WCA) of 167 million euros, mostly driven by lower activity in the first half of 2025
    • Cash restructuring of –154 million euros, in relation to the Genesis transformation plan
    • Tax paid of -13 million euros
    • Net cash cost of debt of –80 million euros, including 18 million euros of financial income
    • Other items for –109 millions, that included litigation and onerous contracts

    Net debt and debt covenants

    At June 30, 2025, net debt was 1,681 million euros (746 million euros including IFRS 9 debt fair value adjustment), compared to 1,238 million euros as of December 31, 2024 (275 million euros including IFRS 9 debt fair value adjustment), and mainly consisted of:

    • Cash and cash equivalents for 1,364 million euros
    • Borrowings for 3,057 million euros (nominal value, excluding PIK) or 2,186 million euros including IFRS 9 fair value adjustment and PIK

    The new credit documentation requires the Group to maintain:

    • from 31 March 2025, a minimum liquidity level of €650 million, to be verified at the end of each financial quarter
    • from 30 June 2027, as from each half-year end, a maximum level of financial leverage (“Total Net Leverage Ratio Covenant”), which is defined as the ratio of Financial indebtedness (mainly excluding IFRS 16 impacts and IFRS 9 debt fair value treatment) to pre-IFRS 16 OMDA; the ceilings thus applicable will be determined no later than 30 June 2026 with reference to a flexibility of 30% in relation to the Business Plan adopted by the Group at that time; these ceilings will in any event remain between 3.5x and 4.0x.

    As of June 30, 2025, the Group financial leverage ratio (as defined in glossary) was 4.0x.

    Outlook

    The Group confirms its full year 2025 targets:

    • c. 8.5 billion euros revenue3
    • around 4% operating margin
    • net change in cash4 before debt repayment of c. -350 million euros

    The long-term financial trajectory also remains unchanged.

    In 2026, the Group expects to generate positive organic growth and net change in cash4 before debt repayment and M&A.

    In 2028, with the assumption of a disposal of Advanced Computing in FY 2026 and a progressive reduction of its geographic footprint, the Group expects:

    • to grow revenues organically to between 8.5 and 9 billion euros, representing a 5-7% CAGR between 2025 and 2028. Strategic, targeted and disciplined M&A could further increase revenue to up to 9 to 10 billion euros
    • to reach an operating margin of around 10%, supported by cost reduction measures and structural visible growth, partially offset by an acceleration of R&D investments
    • to achieve a leverage ratio below 1.5x net debt/OMDAL5. On the path to an investment grade rating, the Group expects to achieve a BB profile in 2027

    Sale of Advanced Computing

    On July 31, 2025, Atos Group signed a share purchase agreement with the French State for the sale of its Advanced Computing business, excluding Vision AI activities, for an enterprise value (EV) of €410 million, including €110m earn-outs that are based on profitability indicators for fiscal years 2025 (€50 million potential earn-out that should be paid upon closing) and 2026 (€60 million additional potential earn-out). This EV is in line with the confirmatory offer received from the French State on June 2, 2025 which has been approved by Atos Group Board of Directors.

    Atos Advanced Computing business regroups the High-Performance Computing (HPC) & Quantum as well as the Business Computing & Artificial intelligence divisions. The transaction perimeter is expected to generate revenue of circa €0.8 billion in 2025.

    The French State will become the new shareholder of these activities, further supporting the business and its development over the long term.

    Social processes for the signing of the SPA agreement are closed. The transaction is expected to close over H1 2026 once the carveout is completed and relevant authorizations have been received.

    Interim condensed consolidated financial statements

    Atos Group Board of Directors in its meeting held on July 31, 2025, has reviewed the Group interim condensed consolidated financial statements closed at June 30, 2025. The Statutory Auditors have completed their usual limited review of the half-year condensed consolidated financial statements and issued their unqualified report.

    Conference call

    Atos Group’s Management invites you to attend the first half 2025 results conference call on Friday, August 1st, 2025, at 08:00 am (CET – Paris).

    You can join the webcast of the conference via the following link:

    https://edge.media-server.com/mmc/p/mz677p34

    If you want to join the conference by telephone, please register via this link:

    https://register-conf.media-server.com/register/BIc7cb4acc36ee4ddbbe4878cdc98936fa

    Upon registration, you will receive the dial-in info and a unique PIN to join the call as well as an email confirmation with the details.

    After the conference, a replay of the webcast will be available on atos.net, in the Investors section.

    Forthcoming events

    October 20, 2025 (After Market Close) Third quarter 2025 revenue

    APPENDIX

    H1 2024 revenue and operating margin at constant scope and exchange rates reconciliation

    For the analysis of the Group’s performance, revenue and OM for H1 2025 is compared with H1 2024 revenue and OM at constant scope and foreign exchange rates. Reconciliation between the H1 2024 reported revenue and OM, and the H1 2024 revenue and OM at constant scope and foreign exchange rates is presented below, by segment.

    H1 2024 revenue H1 2024 published Restatement H1 2024 restated Internal transfers Scope effects Exchange rates effects H1 2024*
    In € million
    ATOS 4,259 234 4,493 -3 -85 -13 4,391
    Germany, Austria & Central Europe 779 62 841 0 -11 0 831
    USA & Canada 949 38 987 0 0 -9 978
    France 686 39 725 -4 -58 0 663
    UK & Ireland 791 17 808 0 0 13 821
    International Markets 675 27 702 0 -16 -17 668
    BNN Benelux & the Nordics 375 49 424 1 0 0 425
    Global Delivery Centers 4 2 6 0 0 0 6
    Eviden 705 -234 471 3 0 0 474
    Global Structures –  – – – – – – 
    Group Total 4,964 0 4,964 0 -86 -13 4,865
    H1 2024 Operating Margin H1 2024 published Restatement H1 2024 restated Internal transfers Scope effects Exchange rates effects H1 2024*
    In € million
    ATOS 175 -1 174 1 -15 12 173
    Germany, Austria & Central Europe -16 2 -14 -2 -2 7 -11
    USA & Canada 97 0 96 0 0 -4 92
    France 14 -2 12 2 -10 5 9
    UK & Ireland 47 0 47 0 0 1 48
    International Markets 40 0 40 0 -3 2 39
    BNN Benelux & the Nordics -4 3 -1 -3 0 3 -1
    Global Delivery Centers -3 -3 -6 3 0 -1 -3
    Eviden -16 2 -14 -2 0 -13 -30
    Global Structures -44 -1 -45 1 0 -1 -45
    Group Total 115 0 115 0 -15 -2 98

    *: at constant scope and June 2025 average exchange rates

    Restatement corresponds to the transfer of Cybersecurity Services from Eviden to Atos.

    Scope effects amounted to €-86 million. They related to the divesture of Worldgrid in France, International Markets (Iberia) and Germany.

    Currency effects negatively contributed to revenue of -13 million. They mostly came from the depreciation of the US dollar, the Brazilian real, the Argentinian peso and the Turkish lira, partially compensated by the appreciation of the British pound.

    Q1 2024 revenue at constant scope and exchange rates reconciliation

    For the analysis of the Group’s performance, revenue for Q1 2025 is compared with Q1 2024 revenue at constant scope and foreign exchange rates.

    Q1 2024 revenue Q1 2024 published Restatement Q1 2024 restated Internal transfers Scope effects Exchange rates effects Q1 2024*
    In € million
    ATOS 2,155 118 2,273 -1 -43 22 2,251
    Germany, Austria & Central Europe 385 30 416 0 -6 0 410
    USA & Canada 474 20 493 0 0 15 509
    France 354 20 375 -2 -30 0 343
    UK & Ireland 410 9 419 0 0 10 430
    International Markets 339 14 352 0 -8 -4 341
    BNN Benelux & the Nordics 190 25 215 0 0 0 215
    Global Delivery Centers 2 1 3 0 0 0 3
    Eviden 324 -118 206 1 0 1 207
    Global Structures 0 0 0 0 0 0 0
    Group Total 2,479 0 2,479 0 -44 23 2,458

    * at constant scope and June 2025 average exchange rates

    Q2 2024 revenue at constant scope and exchange rates reconciliation

    For the analysis of the Group’s performance, revenue for Q2 2025 is compared with Q2 2024 revenue at constant scope and foreign exchange rates.

    Q2 2024 revenue Q2 2024 published Restatement Q2 2024 restated Internal transfers Scope effects Exchange rates effects Q2 2024*
    In € million 
    ATOS 2,105 116 2,220 -2 -42 -35 2,140
    Germany, Austria & Central Europe 394 31 425 0 -5 0 420
    USA & Canada 476 18 494 0 0 -24 470
    France 331 18 350 -2 -28 0 320
    UK & Ireland 380 9 389 0 0 2 391
    International Markets 337 13 350 0 -8 -13 327
    BNN Benelux & the Nordics 184 25 209 0 0 0 210
    Global Delivery Centers 2 1 3 0 0 0 3
    Eviden 381 -116 265 2 0 0 266
    Global Structures – – – – – – –
    Group Total 2,486 0 2,486 0 -42 -36 2,407

    * at constant scope and June 2025 average exchange rates

    Q1 2025 and Q2 2025 revenue according to the new Group reporting structure

    In € million  Q1 2025 Revenue Q1 2024*   Revenue Organic variation* Q2 2025 Revenue Q2 2024*   Revenue Organic variation*  
     
    ATOS 1,861 2,251 -17.3% 1,742 2,140 -18.6%  
    Germany, Austria & Central Europe 385 410 -6.1% 382 420 -9.1%  
    USA & Canada 370 509 -27.3% 324 470 -31.0%  
    France 304 343 -11.4% 287 320 -10.2%  
    UK & Ireland 302 430 -29.6% 280 391 -28.4%  
    International Markets 290 341 -14.8% 271 327 -17.1%  
    BNN Benelux & the Nordics 206 215 -4.4% 196 210 -6.4%  
    Global Delivery Centers 2 3 -10.6% 2 3 -23.9%  
    Eviden 208 207 0.1% 210 266 -21.3%  
    Global Structures – – – – – –  
    Group total 2,068 2,458 -15.9% 1,952 2,407 -18.9%  

    * at constant scope and June 2025 average exchange rates

    H1 2025 consolidated Profit & Loss Account

    (in € million) 6 months ended June 30, 2025 6 months ended June 30, 2024
    Revenue 4,020 4,964
    Personnel expense -2,115 -2,615
    Non-personnel operating expense -1,792 -2,235
    Operating margin 113 115
    % of revenue 2.8% 2.3%
    Other operating income and expense -566 -1,819
    Operating income (loss) -452 -1,704
    % of revenue -11.3% -34.3%
    Net cost of financial debt -162 -73
    Other financial expense -62 -135
    Other financial income 22 33
    Net financial income (expense) -202 -175
    Net income (loss) before tax -654 -1,879
    Tax charge -41 -62
    Net income (loss) -695 -1,941
    Of which:    
    ▪ attributable to owners of the parent -696 -1,941
    ▪ non-controlling interests 1 0

    H1 2025 Consolidated Cash Flow Statement

    in € million 6 months ended
    June 30, 2025    		 6 months ended
    June 30, 2024
    Net income (loss) before tax -654 -1,879
    Depreciation of fixed assets 134 125
    Depreciation of right-of-use 99 138
    Net addition (release) to operating provisions -1 -10
    Net addition (release) to financial provisions 6 28
    Net addition (release) to other operating provisions 199 -55
    Amortization of intangible assets (PPA from acquisitions) 12 29
    Impairment of goodwill and other non-current assets 24 1 570
    Losses (gains) on disposals of non-current assets 3 71
    Net charge for equity-based compensation – 3
    Unrealized losses (gains) on changes in fair value and other – -1
    Net cost of financial debt 162 73
    Interests on lease liability 15 19
    Net cash from (used in) operating activities
    before change in working capital requirement and taxes    		 -3 111
    Tax paid -13 -45
    Change in working capital requirement 43 -1 477
    Net cash from (used in) operating activities 28 -1,411
    Payment for tangible and intangible assets -93 -278
    Proceeds from disposals of tangible and intangible assets – 5
    Net operating investments -93 -273
    Amounts paid for acquisitions and long-term investments – -10
    Net proceeds from disposals of financial investments 1 -1
    Net long-term financial investments 1 -11
    Net cash from (used in) investing activities -92 -284
    Common stock issued 1 –
    Purchase and sale of treasury stock – -1
    Dividends paid* – -12
    Dividends paid to non-controlling interests – -2
    Lease payments -122 -159
    New borrowings – 470
    Repayment of borrowings – -10
    Interests paid -80 -53
    Other flows related to financing activities -6 -77
    Net cash from (used in) financing activities -207 155
    Increase (decrease) in net cash and cash equivalents -271 -1,540
    Opening net cash and cash equivalents 1,739 2,295
    Increase (decrease) in net cash and cash equivalents -271 -1,540
    Impact of exchange rate fluctuations on cash and cash equivalents -104 4
    Closing net cash and cash equivalents 1,364 759

    H1 2025 Balance Sheet

    (in € million) June 30,
    2025    		 December 31, 2024
    ASSETS    
    Goodwill 574 653
    Intangible assets 306 349
    Tangible assets 524 580
    Right-of-use assets 466 550
    Equity-accounted investments 12 12
    Non-current financial assets 98 131
    Deferred tax assets 213 184
    Total non-current assets 2,193 2,458
    Trade accounts and notes receivable 2,190 2,435
    Current taxes 90 102
    Other current assets 1,340 1,510
    Current financial instruments 0 2
    Cash and cash equivalents 1,364 1,739
    Total current assets 4,984 5,788
    TOTAL ASSETS 7,176 8,246
    (in € million) June 30,
    2025    		 December 31, 2024
    LIABILITIES AND SHAREHOLDERS’ EQUITY    
    Common stock 19 18
    Additional paid-in capital 1,887 1,887
    Consolidated retained earnings -1,302 -1,354
    Net income (loss) attributable to the owners of the parent -696 248
    Equity attributable to the owners of the parent -91 799
    Non-controlling interests 1 –
    Total shareholders’ equity -91 799
    Provisions for pensions and similar benefits 664 782
    Non-current provisions 465 345
    Borrowings 2,174 2,089
    Deferred tax liabilities 138 69
    Non-current lease liabilities 438 498
    Other non-current liabilities 4 3
    Total non-current liabilities 3,884 3,787
    Trade accounts and notes payable 971 1,018
    Current taxes 66 75
    Current provisions 386 315
    Current portion of borrowings 11 17
    Current lease liabilities 190 207
    Other current liabilities 1,759 2,028
    Total current liabilities 3,383 3,660
    TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY 7,176 8,246

    Glossary

    Operational capital employed: Operational capital employed comprises net fixed assets and net working capital but excludes goodwill and net assets held for sale.

    Current and non-current assets or liabilities: A current and non-current distinction is made between assets and liabilities on the consolidated statement of financial position. Atos has classified as current assets and liabilities those assets and liabilities that Atos expects to realize, use or settle during its normal cycle of operations, which can extend beyond 12 months following the period end. Current assets and liabilities, excluding the current portion of borrowings, lease liabilities and provisions, and current financial instruments represent the Group working capital requirement.

    DSO: (Days of Sales Outstanding). DSO is the amount of trade accounts receivable (including contract assets) expressed in days of revenue (on a last-in, first-out basis). The number of days is calculated in accordance with the Gregorian calendar.

    Organic growth: Organic growth represents the percent growth of a unit based on a constant scope and exchange rates basis.

    CAGR: The Compound Annual Growth Rate reflects the mean annual growth rate over a specified period of time longer than one year. It is calculating by dividing the value at the end of the period in question by its value at the beginning of that period, raise the result to the power of one divided by the period length, and subtract one from the subsequent result. As an example:

    2019-2021 revenue CAGR = (Revenue 2021 / Revenue 2018) (1/3) -1

    Operating margin: Operating margin equals to External Revenues less personnel and operating expense. It is calculated before Other Operating Income and Expense as defined below.

    Other operating income and expense: 

    Other operating income and expense include:

    • the amortization and impairment of intangible assets recognized as part of business combinations such as customer relationships, technologies and goodwill
    • when accounting for business combinations, the Group may record provisions in the opening statement of financial position for a period of 12 months beyond the business combination date. After the 12-month period, unused provisions arising from changes in circumstances are released through the income statement under “Other operating income and expense”
    • the cost of acquiring and integrating newly controlled entities, including earn out with or without presence conditions
    • the net gains or losses on disposals of consolidated companies or businesses
    • the fair value of shares granted to employees including social contributions
    • the restructuring and rationalization expense relating to business combinations or qualified as unusual, infrequent and abnormal. When a restructuring plan qualifies for Other operating income and expense, the related real estate rationalization & associated costs regarding premises are presented on the same line
    • the curtailment effects on restructuring costs and the effects of plan amendments on defined benefit plans resulting from triggering events that are not under control of Atos management
    • the net gain or loss on tangible and intangible assets that are not part of Atos core-business such as real estate
    • other unusual, abnormal and infrequent income or expense such as major disputes or litigation.

    Gross margin and indirect costs: Gross margin is composed of revenue less the direct costs of goods sold. Direct costs relate to the generation of products and/or services delivered to customers, while indirect costs include all costs related to indirect staff (defined hereafter), which are not directly linked to the realization of the revenue. The operating margin comprises gross margin less indirect costs.

    EBITDA (Earnings Before Interest, Tax, Depreciation and Amortization): for Atos, EBITDA is based on Operating Margin less non-cash items and is referred to as OMDA (Operating Margin before Depreciation and Amortization).

    OMDA (Operating Margin before Depreciation and Amortization) is calculated as follows:

    Operating margin:

    • less – Depreciation of fixed assets (as disclosed in the “financial report”)
    • less – Depreciation of right of use (as disclosed in the “financial report”)
    • less – Net charge (release) of provisions (composed of net charge of provisions for current assets and net charge of provisions for contingencies and losses, both disclosed in the “financial report”)
    • less – Net charge (release) of provisions for pensions (as disclosed in the “financial report”).

    OMDAL: OMDA – lease repayments.

    Gearing: The proportion, expressed as a percentage of net debt to total shareholders’ equity (Group share and minority interests).

    Interest cover ratio: Operating margin divided by the net cost of financial debt, expressed as a multiple.

    Leverage ratio: Net debt (before changes in working capital actions and IFRS 9 fair value adjustment) / OMDAL rolling 12-months.

    Operating income (loss): Operating income (loss) comprises net income (loss) before deferred and current income taxes, net financial income (expense), and share of net profit (loss) of equity-accounted investments.

    Cash flow from operations: Cash flow coming from the operations and calculated as a difference between OMDA, net capital expenditures, lease payment and change in working capital requirement.

    Net cash or net debt: Net cash or net debt comprises total borrowings (bonds, short term and long-term loans, securitization and other borrowings), short-term financial assets and liabilities bearing interest with maturity of less than 12 months, less cash and cash equivalents. Liabilities associated with lease contracts and derivatives are excluded from the net debt.

    Free Cash Flow (FCF): The Free Cash Flow represents the change in net cash or net debt, excluding capital increase, share buyback, dividends paid to shareholders and non-controlling interests, net acquisition or disposal of companies.

    Earnings (loss) per share (EPS): Basic EPS is the net income (loss) divided by the weighted-average number of common shares outstanding during the period. Diluted EPS is the net income (loss) divided by the diluted weighted-average number of common shares for the period (number of shares outstanding + dilutive instruments with dilutive effect).

    Revenue: Revenue related to Atos’ sales to third parties (excluding VAT).

    TCV (Total Contract Value): The Total Value of a Contract at signature (prevision or estimation) over its duration represents the firm order and contractual part of the contract excluding any clause on the decision of the client, as anticipated withdrawal clause, additional option or renewal.

    Order entry/bookings: The TCV, orders or amendments signed during a defined period. When an offer is won (contract signed), the total contract value is added to the backlog and the order entry is recognized.

    Book-to-bill: The Book-to-Bill is the ratio expressed in percentage of the order entry in a period divided by revenue of the same period.

    Backlog/Order cover: The value of signed contracts, orders and amendments that remain to be recognized over their contract lives.

    Pipeline: The value of revenues that may be earned from outstanding commercial proposals issued to clients. Qualified pipeline applies an estimated percentage likelihood of proposal success.

    Direct Staff: Direct staff includes permanent staff and subcontractors, whose work is billable to a third party.

    Indirect staff: Indirect staff includes permanent staff or subcontractors, who are not billable to clients. Indirect staff is not directly involved in the generation of products and/or services delivered to clients.

    Disclaimer

    This document contains forward-looking statements that involve risks and uncertainties, including references, concerning the Group’s expected growth and profitability in the future which may significantly impact the expected performance indicated in the forward-looking statements. These risks and uncertainties are linked to factors out of the control of the Company and not precisely estimated, such as market conditions or competitors’ behaviors. Any forward-looking statements made in this document are statements about Atos’s beliefs and expectations and should be evaluated as such. Forward-looking statements include statements that may relate to Atos’s plans, objectives, strategies, goals, future events, future revenues or synergies, or performance, and other information that is not historical information. Actual events or results may differ from those described in this document due to a number of risks and uncertainties that are described within the 2024 Universal Registration Document filed with the Autorité des Marchés Financiers (AMF) on April 10, 2025 under the registration number D.25-0238. Atos does not undertake, and specifically disclaims, any obligation or responsibility to update or amend any of the information above except as otherwise required by law.

    This document does not contain or constitute an offer of Atos’s shares for sale or an invitation or inducement to invest in Atos’s shares in France, the United States of America or any other jurisdiction. This document includes information on specific transactions that shall be considered as projects only. In particular, any decision relating to the information or projects mentioned in this document and their terms and conditions will only be made after the ongoing in-depth analysis considering tax, legal, operational, finance, HR and all other relevant aspects have been completed and will be subject to general market conditions and other customary conditions, including governance bodies and shareholders’ approval as well as appropriate processes with the relevant employee representative bodies in accordance with applicable laws.

    About Atos Group

    Atos Group is a global leader in digital transformation with c. 70,000 employees and annual revenue of c. € 10 billion, operating in 67 countries under two brands — Atos for services and Eviden for products. European number one in cybersecurity, cloud and high-performance computing, Atos Group is committed to a secure and decarbonized future and provides tailored AI-powered, end-to-end solutions for all industries. Atos is a SE (Societas Europaea) and listed on Euronext Paris.

    The purpose of Atos is to help design the future of the information space. Its expertise and services support the development of knowledge, education and research in a multicultural approach and contribute to the development of scientific and technological excellence. Across the world, the Group enables its customers and employees, and members of societies at large to live, work and develop sustainably, in a safe and secure information space.

    Contact

    Investor relations: investors@atos.net

    Individual shareholders: +33 8 05 65 00 75

    Media relations: globalprteam@atos.net

    1 Excluding change in Working Capital Actions

    2 Excluding change in Working Capital Actions

    3 At Dec 31, 2024 currency

    4 At constant currency

    5 Defined as Operating Margin before Depreciations, Amortization and Leases

    Attachment

    The MIL Network –

  • MIL-OSI Russia: Lightning: One worker killed, nine injured, five missing in seismic event at Andesita mining site in Chile – media

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

    An important disclaimer is at the bottom of this article.

    Source: People’s Republic of China – State Council News

    Xinhua | 01. 08. 2025

    Keywords: Chile

    Source: Xinhua

    Lightning: One worker killed, nine injured, five missing in seismic event at Andesita mining site in Chile – media Lightning: One worker killed, nine injured, five missing in seismic event at Andesita mining site in Chile – media

    Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

    .

    MIL OSI Russia News –

  • MIL-OSI USA: Senator Marshall: Interest Rates Need to Come Down

    US Senate News:

    Source: United States Senator for Kansas Roger Marshall

    Senator Marshall Joins Fox Business to Discuss Interest Rates and Trade Deals
    Washington – On Thursday, U.S. Senator Roger Marshall, M.D. (R-Kansas), joined Fox Business to discuss the Federal Reserve’s refusal to lower interest rates, and how the President’s trade strategy isn’t harming Americans but will get us leverage on our geo-political rivals.

    Click HERE or on the image above to watch Senator Marshall’s full interview
    On the Federal Reserve not raising interest rates:
    “Well, I wasn’t surprised, because there’s a reason that President Trump calls him Jerome ‘Too Late’ Powell. Let’s go back to March of 2021, and Jerome Powell says inflation is going to be transitory. It’s 18 months later, and it’s just starting to peak, and it’s not a couple months after that before it starts coming down. So, he is indeed always too late.
    “And let me put an exclamation point behind what President Trump is saying. To that average Kansas farmer back home, they have an operation loan of a million dollars. We saw interest rates on those loans go from 2% to 9% and that’s what caused a record drop in net farm income. So, he’s right. Every point matters. And I’m not saying we should drop at two or three points, but dropping at a quarter point or a half point, come on. I think that the economy would dictate that. Now we don’t know what’s holding up Jay Powell, except he’s always too late.”
    On the real impact of the trade deals President Trump has secured:
    “Well, I’m going to trust Michelle Bowman, of course. She’s from Council Grove, Kansas, but let’s just think about this for a second. Of all the goods that Americans consume, only about 11% of them are imported. Only 11%. So, let’s just suppose there’s a 10% tariff on 11% of what we consume. Well, my little math says that’s going to be a 1.1% increase, assuming that’s all passed along to the consumer, and you know, it’s not going to. So, I think that these tariffs could cause a one-time hit of one or 2%, but I think the manufacturers are going to absorb a lot of that. The wholesalers are going to absorb a lot of that as well.
    “And meanwhile, we’re trying to balance this trillion-dollar trade deficit. So, I think President Trump is right on task. Look at what he’s doing; Cambodia and Thailand today, he’s surrounded China. He’s got Indonesia done, Japan, Australia, Vietnam, the Philippines, [and] South Korea. So, he’s going to push China. They’ve got till August. The 12th is their deadline, I believe. So, President Trump is doing a good job.”

    MIL OSI USA News –

  • MIL-OSI USA: Senator Marshall: Making America Healthy Again Starts with Cost Transparency

    US Senate News:

    Source: United States Senator for Kansas Roger Marshall

    Senator Marshall Questions Healthcare Experts on Solutions to Rising Healthcare Costs
    Washington – On Thursday,U.S. Senator Roger Marshall, M.D. (R-Kansas), questioned healthcare experts, Ms. Chris Deacon, Principal and Founder at VerSan Consulting, Dr. Benedic Ippolito, Senior Fellow at the American Enterprise Institute, and Mr. Wendell Potter, President of the Center for Health and Democracy, during the Senate Health, Education, Labor, and Pensions Committee hearing focused on making American health care more affordable.

    Click HERE or on the image above to watch Senator Marshall’s full exchange.
    Highlights from the hearing include:
    On Healthcare costs transparency:
    Senator Marshall: “I think that we have today before us a 90 to 10 issue. Maybe it’s 95 to 5. Americans are concerned about the cost of health care. Since I got here four years ago, eight years ago, four years ago in the Senate, I’ve talked about the pillar of transparency, more innovation and consumerism, letting patients be consumers again. So, it’s wonderful that we get an opportunity to address solutions. We’ve all described the product and the problem. Now let’s talk about solutions. I’m very proud of one of our signature legislation we’ve been working on for eight years, the Patients Deserve Price Tags Act. I appreciate Senator Hickenlooper’s support, Senator Hassan, Senator Grassley, she he and Ernst their support as well. Could you imagine walking into a grocery store, going to the meat department, and not seeing the prices on the different meats? Could you imagine going to a clothing store and not knowing what the prices are on the suits? Most of us walk up there, and we look at a suit, what’s the first thing I do? I look at the price of it. But in health care, they buried the prices. So, what our legislation attempts to do is to get price tags on health care. What a novel thought, and a couple of thoughts on what our bill does, and get your reaction. Ms. Deacon, I’ll start with you as a consumer. You have a choice of getting your hip replaced at one facility for $10,000, another one is $50,000, and that’s not unreasonable numbers to compare a hip replacement 10 versus 50. How would you, as a consumer, how would that impact the eventual cost of healthcare? If you’re in a self-insured plan and you’re running that plan, how would it impact your decisions to drive down the cost of healthcare?”
    Ms. Chris Deacon: “I mean, as a consumer, absolutely, if I had out of pocket, I would both evaluate for quality and cost to determine value, and I would likely find myself at the $10,000 clinic, but as an employer sponsor, if all of my members were to have such information, it would dramatically lower the cost of premiums every year, especially for our self-insured employers, because more consumers would be able to evaluate such terms.”
    On driving down the costs of health insurance:
    Senator Marshall: “And this is a wild guess, could it drive down the cost of health insurance for an employed, self-employed fund, 10, 20, 30, 40% perhaps. I mean, it’s a big number.”
    Ms. Chris Deacon: “Yes, we’ve absolutely seen employers that are able to do that, save 30 to 40% on premiums.”
    On group health care plans access to their own data:
    Senator Marshall: “Dr. Ippolito, another component of our bill ensures that group health care plans have access to their own claim data. Can you believe it? I have a self-insured plan, and I can’t look at my own claim data? Would that be helpful to us, specifically a self-insured plan?”
    Dr. Benedic Ippolito: “Well, sure. I mean, at a minimum, if you’re sitting there trying to think about what services are we going to use next year, what kind of plan looks good for us? If you don’t know what services you use, you can’t do that. And so, in terms of those basic tasks that your employer, who’s your agent in this world, for many of us, is tasked with providing, they need that information. So yeah, it seems like a baseline, a prerequisite.”
    On PBM price gouging:
    Senator Marshall: “So is there anyone in this panel that disagrees that price tags could not be helpful in driving down the cost of healthcare? Does anyone want to counter that argument? Okay, good. I want to turn to delinking just for a second. Of course, talking about pharmaceutical benefits. PBMs, right? Very horizontally, vertically integrated, four companies, three companies controlling 85% of the of the industry. And many of you talked about the oligo monopolies that they’re forming here, specifically Senator Kaine and I have a bill called delinking, and it delinks the money the pharmacy benefit managers make from the cost of the of the drug. So PBMs create formularies that really prevent you from using the generic drugs at less cost, they push you to the more expensive ones. So, I’ll start with Mr. Potter. Would reform such as delinking PBM compensation from the list price of medicines benefit patients in meaningful ways and drive down the cost of drugs?”
    Mr. Wendell Potter: “I absolutely agree. I think it’s very important legislation. I think there should be delinking. That game, I think, incentivizes drug companies to have a higher list price, and then the middleman that you’re showing, that they’re on that board, are sucking so much money from the pharmacy supply chain. When I was at Cigna, Cigna didn’t own a very big PBM. It bought Express grips recently, a few years ago, and now it is largely a PBM that also has insurance plans.”

    MIL OSI USA News –

  • MIL-OSI Africa: Nigeria: African Development Bank Approves $46 Million to Transform Healthcare in Sokoto State

    Source: APO

    The Board of Directors of the African Development Bank Group (www.AfDB.org) has approved a $46 million loan to finance the Sokoto State Health Infrastructure Project, a transformative initiative designed to enhance healthcare access and quality in Nigeria’s Sokoto State.

    The project addresses critical health system gaps in Sokoto, where key indicators reflect a critical need for intervention. Only one in 20 children is fully vaccinated, while infant mortality stands at 104 deaths per 1,000 live births, nearly double Nigeria’s national average of 63. Less than 14 percent of health facilities in the state have functional infrastructure, and there is just one doctor for every 8,285 people — far below the World Health Organization’s recommended ratio of 1:1,000.

    The Bank’s financing will support the delivery of climate-smart health infrastructure across three levels of care. These include the construction and equipping of a 1,000-bed teaching hospital complex; three zonal hospitals with a combined capacity of 450 beds; and six primary healthcare canters strategically located to serve rural communities.

    The project also includes the rehabilitation of health training institutions and the development of a modern medical warehouse to strengthen pharmaceutical supply chains.

    “This investment illustrates our commitment to continue working with the Government to fill critical infrastructure gaps in Nigeria’s health system while building resilient, climate-adapted healthcare facilities,” said Abdul Kamara, Director General of the African Development Bank’s Nigeria Office. “By strengthening healthcare infrastructure in Sokoto State, we are building hope and creating pathways to better health outcomes for millions of Nigerians.”

    Aligned with Nigeria’s National Development Plan (2021-2025) and the Health Sector Renewal Investment Initiative, the project is expected to generate approximately 2,500 jobs, with 60 percent of opportunities targeting youth and 30 percent women. In addition, the project will integrate electronic health infrastructure and renewable energy systems, ensuring sustainable, energy-efficient operations while reducing greenhouse gas emissions. Expanded capacity in local the medical and nursing schools will create 700 new training slots annually, helping to address the region’s acute shortage of skilled health professionals.

    The initiative builds on the Bank’s successful track record in Nigeria’s health sector, where it has financed four health infrastructure projects totaling $117.68 million. It will leverage strategic partnerships with the United Nations Children’s Fund, the World Health Organization, USAID, and other development actors to maximize impact and ensure comprehensive health system strengthening.

    The African Development Bank Group remains committed to enhancing the quality of life for Africa’s people through targeted investments in resilient health infrastructure that drive inclusive growth and sustainable development across the continent.

    Distributed by APO Group on behalf of African Development Bank Group (AfDB).

    Media Contact:
    Natalie Nkembuh,
    Communication and Media Relations Department  
    media@afdb.org

    Media files

    .

    MIL OSI Africa –

  • MIL-OSI: Heilind Electronics Announces Retirement of Asia President William Sim and Appointment of Charles Tan as Successor

    Source: GlobeNewswire (MIL-OSI)

    WILMINGTON, Mass., Aug. 01, 2025 (GLOBE NEWSWIRE) — Heilind Electronics, a leading distributor of interconnect, electromechanical, and sensor solutions, is pleased to announce the retirement of William Sim, President of Heilind Asia, effective July 15, 2025. Sim has been a cornerstone of Heilind’s international expansion for over a decade, playing a pivotal role in establishing the company’s footprint and reputation throughout the Asia Pacific region.

    Charles Tan has been hired to succeed Sim as President of Heilind Asia, effective immediately. Tan joins Heilind from Future Electronics where he served as Managing Director for Greater China. With 12 years of executive leadership experience across Asia, Tan brings a proven track record in scaling complex distribution businesses and driving growth in high-performance markets.

    Tan holds a Bachelor of Science in Telecommunications Engineering from Shanghai University of Technology, a Master’s degree in Economics from Fudan University, and an MBA from McGill University.

    “William Sim’s leadership was instrumental in transforming Heilind into a truly global distributor,” said Robert Clapp, President & CEO at Heilind Electronics. “We thank him for his vision, discipline, and commitment to excellence. We are equally confident in Charles Tan’s ability to lead the Asia team with integrity and boldness as we move into our next chapter.”

    This leadership transition marks a key milestone in Heilind’s global growth strategy and underscores the company’s ongoing investment in regional talent, infrastructure, and customer relationships throughout Asia.

    About Heilind Electronics

    Heilind Electronics, Inc. (https://www.heilind.com) is one of the world’s leading distributors of connectors, relays, sensors, switches, thermal management and circuit protection products, terminal blocks, wire and cable, wiring accessories, and insulation and identification products. Founded in 1974, Heilind has locations throughout the U.S., Canada, Mexico, Brazil, Germany, Singapore, Hong Kong, and China.

    For media inquiries, please contact:

    David P. Warren, Director of Global Marketing

    Heilind Electronics

    dwarren@heilind.com

    The MIL Network –

  • MIL-OSI United Kingdom: Appointment of Churches Conservation Trust members: 1 August 2025

    Source: United Kingdom – Government Statements

    Press release

    Appointment of Churches Conservation Trust members: 1 August 2025

    The King has approved the nomination of Trustees of the Board of the Churches Conservation Trust.

    The King has approved the nomination of Bishop Andrew Rumsey, Dr Ingrid Samuel OBE, Lord (Stephen) Parkinson of Whitley Bay, Michael Bithell JP, Vivienne King and Reverend Canon Timothy Goode.

    Andrew Rumsey read history at the University of Reading before training for ordination at Ridley Hall, Cambridge and doctoral studies at King’s College, London. Ordained in 1997, he has held a variety of parish posts in London and Southwark and was appointed Suffragan Bishop of Ramsbury in 2018. Andrew is the joint National Church of England Lead for Church and Cathedral Buildings, and is a writer, musician and champion for Anglican heritage.

    Dr Ingrid Helene Samuel OBE was educated at McGill University, Canada, obtaining BA in History, she then gained a M Litt and PhD in Modern History at Jesus College, Cambridge. In 2004 Ingrid was Head of Culture for the London Olympic Bid and between 2005 – 2011 has held several roles in the Department for Culture, Media and Sport including Head of Properties and Ceremonial Branch, Head of Heritage, and Head of Heritage and Architecture. Additionally, in 2011 she took up the role of Placemaking and Heritage Director with the National Trust.

    Lord Parkinson of Whitley Bay was educated at Emmanuel College, Cambridge, obtaining an MA in History. From 2021-2024 Stephen was Parliamentary Under-Secretary of State, Department for Culture, Media & Sport, and previously was Political Secretary to the Prime Minister and Special Adviser to the Home Secretary.

    Michael Bithell JP was educated at Magdalen College, Oxford, completing a MA in Engineering Science and post-graduate studies in Manufacture and Management at Cambridge University. Now retired, Michael was Group Finance Director of United Westminster and Grey Coat Foundation from 2015 to 2022. Previously, he worked for Deloitte LLP for 23 years, as Director, National Quality & Risk; and Director, Corporate Finance Government & Infrastructure. He has a number of voluntary and non-executive positions, including as a member of London Diocesan Synod, Finance Committee and Non-Property Investment Committee, as a Magistrate and an Honorary Steward of Westminster Abbey.

    Vivienne King was educated at Keele University obtaining a BSoc Sci in Law and Politics in 1983, subsequently completing a Legal Practice Course at the College of Law in 1985. In 2010 and 2012 she completed a Corporate Finance Programme with Cranfield University and in 2021 undertook Business Sustainability Management with the University of Cambridge Institute for Sustainability Leadership. After seven years as Real Estate Associate with Herbert Smith Freehills, Vivienne joined The Crown Estate in 1994 as a Senior Solicitor and was subsequently Director of Business Operations & General Counsel. She was CEO of the Soho Housing Association from 2016 to 2020, CEO of Revo and then Head of Real Estate Social Impact at The Good Economy. In March 2024 Vivienne founded Impactful Places, an independent sustainability consultancy.

    Timothy Goode has been the Canon for Congregational Discipleship and Nurture at York Minster since September 2023. Previously he was Rector of St Margaret’s Lee in South East London, and a member of General Synod and Archbishops’ Council. Tim is a member of the National Disability Task Group, which advises the Archbishops of Canterbury and York on disability issues and he led the first debate on disability at the General Synod in July 2022. Tim was a secondary school teacher at the Roehampton Institute and Director of Music of Homefield School from 1995-2007. He trained for ministry at Ripon College Cuddesdon and served his title at Croydon Minster, in the Diocese of Southwark and was ordained priest in 2010. From September 2012 to May 2018, he was Team Vicar of St Luke’s Whyteleafe and St Peter and St Paul, Chaldon, part of the Caterham Team ministry. From 2013 to 2021 he was additionally the Southwark Diocesan Disability Advisor. Tim was made an Honorary Canon of Southwark Cathedral in September 2020 and has been a trustee of the Churches Conservation Trust since November 2020. He has now been re-appointed in the role for a second term until October 2028.

    Updates to this page

    Published 1 August 2025

    MIL OSI United Kingdom –

  • MIL-OSI United Nations: More than two in five people in the English- and Dutch-Speaking Caribbean struggle for daily meals

    Source: World Food Programme

    BRIDGETOWN, BARBADOS – Nearly 3.2 million people in the English and Dutch-speaking Caribbean are food insecure, according to the latest Food Security and Livelihoods Survey by the United Nations World Food Programme (WFP) and the Caribbean Community (CARICOM). In 2025, 30 percent of Caribbean people reported eating less than usual; which is in line with the trend over the last 4 years arising from increased food costs that accompanied global geopolitical factors.

    Across the Caribbean, nations face food-related challenges due to their geographic remoteness, lack of locally available resources and exposure to climate worsening.

    “The Caribbean is particularly vulnerable to natural hazards and supply chain disruptions, which can cause rapid increases in food prices. It’s deeply concerning that many people are struggling to afford the food they need. Strengthening and diversifying supply chains and trade routes across the region is essential. These efforts will help make food more accessible and affordable, while supporting faster recovery in times of crisis,” said Brian Bogart, WFP’s Representative and Country Director in the Caribbean.

    Rising food prices are a major concern for the region, with food inflation consistently outpacing overall inflation rates. Nearly all respondents, 94 percent, report higher food costs in the months leading up to the survey. One-third of households also experienced job loss or reduced income, putting further strain on already stretched budgets.

    Local production efforts are being challenged by rapidly increasing operational costs. Among farmers, 85 percent report rising prices for animal feed and tools or machinery, 81 percent note higher fertilizer prices, and 73 percent cite increased seed costs. These burdens are particularly heavy in a region that relies significantly on imported agricultural inputs.

    CARICOM’s Director of Sectoral Programmes, Ambassador David Prendergast noted, “As we commence our successor programme 25 by 2025+5, we must stress the importance of data to inform our strategic interventions in achieving greater food and nutrition security.”

    Investing in adaptive social protection and emergency preparedness will be essential to cushion the impacts of future shocks which threaten people’s access to food. In an environment marked by hazards, robust social protection mechanisms provide a safeguard, whilst integrating strategies to assist where the need is greatest. Access to data is essential to deliver these mechanisms. The survey and the recently launched real-time food real-time food security monitoring system by CARICOM and WFP, will play a key role in identifying emerging needs early and supporting timely decision-making.

    The Food Security and Livelihoods survey is made possible through the support of the Government of Canada and the European Union. It is part of the partnership between CARICOM and WFP to support CARICOM’s efforts to understand, track, and address food insecurity across the English- and Dutch-speaking Caribbean.

    #                #            #

    The United Nations World Food Programme is the world’s largest humanitarian organization saving lives in emergencies and using food assistance to build a pathway to peace, stability and prosperity for people recovering from conflict, disasters and the impact of climate change.

    Follow us on X, formerly Twitter, via @wfp_media @wfp_Caribbean
     

    MIL OSI United Nations News –

  • MIL-Evening Report: NZ ‘lagging behind’ world by failing to recognise Palestinian statehood, says former PM Helen Clark

    By Craig McCulloch, RNZ News acting political editor

    New Zealand is lagging behind the rest of the world through its failure to recognise Palestinian statehood, says Former Prime Minister Helen Clark.

    Canada yesterday became the latest country to announce it would formally recognise the state of Palestine when world leaders met at the UN General Assembly in September.

    It follows recent similar commitments from the France and the United Kingdom.

    On Wednesday, Prime Minister Christopher Luxon suggested the discussion was a distraction and said the immediate focus should be on getting humanitarian aid into Gaza.

    But, speaking to RNZ Midday Report, Clark said New Zealand needed to come on board.

    “We are watching a catastrophe unfold in Gaza. We’re watching starvation. We’re watching famine conditions for many. Many are using the word genocide,” she said.

    “If New Zealand can’t act in these circumstances, when can it act?”

    Elders call for recognition
    “The Elders, a group of world leaders of which Clark is a part, last month issued a call for countries to recognise the state of Palestine, calling it the “beginning, not the end of a political pathway towards lasting peace”.

    Clark said the government seemed to be trying avoid the ire of the United States by waiting until the peace process was well underway or nearing its end.

    “That is no longer tenable,” she said.

    “New Zealand really is lagging behind.”

    Even before the recent commitments from France, Canada and the UK, 147 of the UN’s 193 member states had recognised the Palestinian state.

    Clark said the hope was that the series of recognitions from major Western states would first shift the US position and then Israel’s.

    “When the US moves, Israel eventually jumps because it owes so much to the United States for the support, financial, military and otherwise,” she said.

    “At some point, Israel has to smell the coffee.”

    Surprised over Peters
    Clark said she was “a little surprised” that Foreign Minister Winston Peters had not been more forward-leaning given he historically had strongly advocated New Zealand’s even-handed position.

    On Wednesday, New Zealand signed a joint statement with 14 other countries expressing a willingness to recognise the State of Palestine as a necessary step towards a two-state solution.

    However, later speaking in Parliament, Peters said that was conditional on first seeing progress from Palestine, including representative governance, commitment to non-violence, and security guarantees for Israel.

    “If we are to recognise the state of Palestine, New Zealand wants to know that what we are recognising is a legitimate, representative, viable, political entity,” Peters told MPs.

    Peters also agreed with a contribution from ACT’s Simon Court that recognising the state of Palestine could be viewed as “a reward [to Hamas] for acts of terrorism” if it was done before Hamas had returned hostages or laid down arms.

    Luxon earlier told RNZ New Zealand had long supported the eventual recognition of Palestinian statehood, but that the immediate focus should be on getting aid into Gaza rather than “fragmenting and talking about all sorts of other things that are distractions”.

    “We need to put the pressure on Israel to get humanitarian assistance unfettered, at scale, at volume, into Gaza,” he told RNZ.

    “You can talk about a whole bunch of other things, but for right now, the world needs to focus.”

    This article is republished under a community partnership agreement with RNZ.

    MIL OSI Analysis – EveningReport.nz –

  • MIL-OSI United Kingdom: US Consul General pays visit to Armagh

    Source: Northern Ireland City of Armagh

    Lord Mayor of Armagh Stephen Moutray welcomes US Consul General James Applegate to The Palace Armagh The Palace Armagh CREDIT: LiamMcArdle.com

    The US Consul General, Mr James Applegate (US Consulate General Belfast), accompanied by Ms Dori Winter, Political Economic Chief, paid a visit to the Archbishops Palace, Armagh yesterday (30th July 2025) where they met with the Lord Mayor, Alderman Stephen Moutray, Chief Executive, Mr Roger Wilson and Director, Mr Paul Tamati.

    Mr Applegate and Ms Winter were happy to chat on a range of issues including the continuation of the important economic links that our Borough has with the USA and the importance of strengthening these.

    2026 also marks the 250th Anniversary of the Declaration of Independence in the United States and the Consul General also talked about how Armagh City, Banbridge and Craigavon Borough Council may possibly play a part in these celebrations.

    MIL OSI United Kingdom –

  • MIL-OSI USA: Steil Applauds Groundbreaking Crypto Report

    Source: United States House of Representatives – Representative Bryan Steil (Wisconsin-1)

    Washington, DC – Today, Congressman Bryan Steil (WI-01) released the following statement after the release of the White House Crypto Policy Report:

    “The golden age of Digital Assets is here and America will lead,” said Steil. I applaud President Trump and AI & Crypto Czar Sacks for promoting a stable regulatory regime for digital assets in the United States. This report expresses strong support for the CLARITY Act, provides a roadmap for building on the historic signing of the GENIUS Act, and charts a path forward for ensuring U.S. leadership in the Web3 revolution.”

    Background: 

    • Congressman Steil serves as the Chairman of the House Financial Services Subcommittee on Digital Assets, Financial Technology, and Artificial Intelligence.
    • Congressman Steil is an original cosponsor of the CLARITY Act. The CLARITY Act will establish a federal framework for the issuance and trading of digital assets in the United States.
    • The CLARITY Act passed through the House on July 17, 2025 on a non-partisan vote of 294-132.
       

    MIL OSI USA News –

  • MIL-OSI USA: Congressman Veasey Statement on Republican Racist Redistricting Plan

    Source: United States House of Representatives – Congressman Marc Veasey (33rd District of Texas)

    Headline: Congressman Veasey Statement on Republican Racist Redistricting Plan

    Fort Worth, TX – Today, Congressman Marc Veasey (TX-33) released the following statement on the proposed congressional map by Republican lawmakers: 

    “Let’s be clear – this map is racist, it’s illegal, and it’s part of a long, ugly tradition of trying to keep Black and Brown Texas from having a voice. What Donald Trump and Greg Abbott are doing isn’t about democracy – it’s about consolidating power. Republicans are bending their knee to a wannabe king, drawing maps in backrooms to appease a man who tried to overthrow an election and now wants to overthrow the will of Texans.

    “To Trump, Abbott, and the servile Republicans, I say this: Black people in this country fought, bled, and died for the right to vote, and we will never bend the knee again to any man. Not to Trump. Not Abbott. Not to anyone who thinks they can shut us out.

    “Trump and the Republican cowards want to rig the system because they know they can’t win when every voice counts and every vote matters. So instead of earning our votes, they are trying to erase us. 

    “But we are still here. We will fight in the courts, in the streets, and at the ballot box. No matter how hard they try, we aren’t going anywhere.”

    MIL OSI USA News –

  • MIL-OSI: Patria Reports Second Quarter 2025 Earnings Results

    Source: GlobeNewswire (MIL-OSI)

    GRAND CAYMAN, Cayman Islands, Aug. 01, 2025 (GLOBE NEWSWIRE) — Patria (Nasdaq:PAX) reported today its unaudited results for the second quarter ended June 30, 2025. The full detailed presentation of Patria’s second quarter 2025 results can be accessed on the Shareholders section of Patria’s website at https://ir.patria.com/.

    Alex Saigh, Patria’s CEO, said: “In 2Q we made continued progress in leveraging and expanding the diversified platform we’ve built the past several years as fundraising was a solid $1.3 billion in the quarter, bringing our total fundraising over the first half of 2025 to ~$4.5 billion. Reflecting our strong fundraising momentum and confidence in our outlook, we now expect full-year fundraising to be 5%-10% higher than our initial $6 billion target. We also reported 2Q25 FRE of $46 million, or $0.29 per share, representing year-over-year growth of 17% and 11%, respectively. Also, FEAUM grew 6% sequentially and 20% year-over-year, and we generated over $600 million of organic net inflows. Over the first half of 2025 our annualized organic growth rate exceeded 8%.

    While a looming trade war and global economic concerns create potential headwinds, we believe we are well positioned to generate the $200 to $225 million of FRE we are targeting for 2025 as the increased diversification of our platform is paying off in terms of fundraising and profitable organic growth, enhancing our confidence in the three-year targets we introduced at our Investor Day back on December 9th.”

    Financial Highlights (reported in $ USD)

    IFRS results included $12.9 million of net income attributable to Patria in Q2 2025. Patria generated Fee Related Earnings of $46.1 million in Q2 2025, up 17% from $39.5 million in Q2 2024, with an FRE margin of 56.8%. Distributable Earnings were $38.8 million for Q2 2025, or $0.24 per share.

    Dividends

    Patria declared a quarterly dividend of $0.15 per share to record holders of common stock at the close of business on August 15th, 2025. This dividend will be paid on September 15th, 2025.

    Share Repurchase Program

    Patria’s board of directors has authorized a new share repurchase program. Under the repurchase program, Patria may repurchase up to 3 million of its outstanding Class A common shares in the open market, based on prevailing market prices, or in privately negotiated transactions, over a period beginning in August 2025 continuing until the earlier of the completion of the repurchase or August 2026, depending upon market conditions. Patria’s board of directors will review the repurchase program periodically and may authorize adjustments to its terms and size or suspend or discontinue the repurchase program. Such purchases may benefit from the safe harbors provided by Rule 10b-18 and/or Rule 10b5-1, promulgated by the Securities and Exchange Commission under the Securities Exchange Act of 1934, as amended. The actual timing, number and value of shares repurchased under the repurchase program will depend on several factors, including constraints specified in the Rule 10b-18 and/or Rule 10b5-1, price, general business and market conditions, and alternative investment opportunities. The repurchase program does not obligate Patria to acquire any specific number of shares in any period, and may be expanded, extended, modified or discontinued at any time.

    Conference Call

    Patria will host its second quarter 2025 earnings conference call via public webcast on August 1st, 2025, at 9:00 a.m. ET. To register and join, please use the following link:

    https://edge.media-server.com/mmc/p/rpv5tvp5

    For those unable to listen to the live broadcast, there will be a webcast replay on the Shareholders section of Patria’s website at https://ir.patria.com/ shortly after the call’s completion.

    About Patria

    Patria is a global alternative asset management firm focused on the mid-market segment, specializing in resilient sectors across select regions. We are a leading asset manager in Latin America and have a strong presence in Europe through our extensive network of General Partners relationships. Our on-the-ground presence combines investment leaders, sector experts, company managers, and strategic relationships, allowing us to identify compelling investment opportunities accessible only to those with local proficiency. With 37 years of experience and over $48 billion in assets under management, we believe we consistently deliver attractive returns through long-term investments, while promoting inclusive and sustainable development in the regions where we operate. Further information is available at www.patria.com.

    Asset Classes: Private Equity, Solutions (GPMS), Credit, Real Estate, Infrastructure, and Public Equities

    Main sectors: Agribusiness, Power & Energy, Healthcare, Logistics & Transportations, Food & Beverage and Digital & Tech Services

    Investment Regions: Latin America, Europe and the U.S.

    Forward-Looking Statements

    This press release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. You can identify these forward-looking statements by the use of words such as “outlook,” “indicator,” “believes,” “expects,” “potential,” “continues,” “may,” “will,” “could,” “should,” “seeks,” “approximately,” “predicts,” “intends,” “plans,” “estimates,” “anticipates” or the negative version of these words or other comparable words, among others. Forward-looking statements appear in a number of places in this press release and include, but are not limited to, statements regarding our intent, belief or current expectations. Forward-looking statements are based on our management’s beliefs and assumptions and on information currently available to our management. Forward-looking statements speak only as of the date they are made, and we do not undertake any obligation to update them in light of new information or future developments or to release publicly any revisions to these statements in order to reflect later events or circumstances or to reflect the occurrence of unanticipated events. Such forward-looking statements are subject to various risks and uncertainties. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. Further information on these and other factors that could affect our financial results is included in filings we have made and will make with the U.S. Securities and Exchange Commission from time to time, including but not limited to those described under the section entitled “Risk Factors” in our most recent annual report on Form 20-F, as such factors may be updated from time to time in our periodic filings with the United States Securities and Exchange Commission (“SEC”), which are accessible on the SEC’s website at www.sec.gov. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in our periodic filings.

    Contact

    Patria Shareholder Relations
    E. PatriaShareholderRelations@patria.com
    T. +1 917 769 1611

    The MIL Network –

  • Vice Admiral CR Praveen Nair assumes charge as Controller Personnel Services

    Source: Government of India

    Source: Government of India (4)

    Vice Admiral CR Praveen Nair, AVSM, NM, has assumed charge as the Controller Personnel Services (CPS) at the Indian Navy on July 31. On taking over the new responsibility, the senior officer paid homage at the National War Memorial in New Delhi, honouring the sacrifices of India’s brave soldiers.

    Commissioned into the Indian Navy on July 1, 1991, Vice Admiral Nair is a specialist in Communications and Electronic Warfare. Over his distinguished career spanning more than three decades, he has held several key command, operational, and staff appointments.

    A Surface Warfare Officer, the Flag Officer’s sea tenures include service on INS Krishna, INS Kora, and INS Mysore. He has served as Fleet Electronic Warfare Officer and later as Fleet Communications Officer of the Western Fleet, during which he was awarded the Chief of the Naval Staff commendation for his contribution to the non-combatant evacuation of Indian nationals from Beirut during the Israel-Lebanon conflict in July 2006.

    Vice Admiral Nair has commanded INS Kirch (Missile Corvette), INS Chennai (Guided Missile Destroyer), and INS Vikramaditya (Aircraft Carrier). He has also served in various important shore appointments, including as Directing Staff at the Naval War College, Goa, Officer-in-Charge at Signal School, and Commodore (Personnel) at the Directorate of Personnel, Naval Headquarters. He was also a member of the Indian Naval Strategic and Operational Council (INSOC), the Indian Navy’s think tank.

    An alumnus of the Defence Services Staff College, Wellington, and the US Naval War College, Newport, USA, Vice Admiral Nair has been the recipient of several prestigious international awards, including the Robert E. Bateman International Award, Vice Admiral James H. Doyle Military Operations and International Law Prize, and the International Leadership Prize. He holds an M.Phil. in Defence and Strategic Studies from Mumbai University.

    He was awarded the Nao Sena Medal (Devotion to Duty) in 2000 and the Ati Vishisht Seva Medal in January 2025.

    Upon promotion to Flag rank, Vice Admiral Nair served as Assistant Chief of the Naval Staff (Policy and Plans), where he played a pivotal role in formulating the Maritime Capability Perspective Plan (MCPP 2022–37) and Maritime Infrastructure Perspective Plan (MIPP 2022–37). He subsequently commanded the Western Fleet in 2023–24 and led Operation Sankalp to safeguard India’s maritime interests in the region.

    Before assuming his current post, he served as the Commandant of the Indian Naval Academy.

  • MIL-OSI Russia: One worker dead, five missing in Chile mine collapse

    Translation. Region: Russian Federal

    Source: People’s Republic of China in Russian – People’s Republic of China in Russian –

    An important disclaimer is at the bottom of this article.

    Source: People’s Republic of China – State Council News

    SANTIAGO, Aug. 1 (Xinhua) — One person was killed, nine were injured and five others were missing on Thursday after a mine collapsed in the O’Higgins region of Chile, local authorities said.

    The victims’ lives are not in danger, the National Copper Corporation of Chile (Codelco) said. The search for the five missing persons is continuing.

    According to authorities, the incident occurred after a magnitude 4.2 earthquake hit the central part of the country on Thursday at 17:34 local time.

    An investigation into the cause of the accident is underway. –0–

    Please note: This information is raw content obtained directly from the source of the information. It is an accurate report of what the source claims and does not necessarily reflect the position of MIL-OSI or its clients.

    .

    MIL OSI Russia News –

  • MIL-OSI USA: CISA Rolls Out Free, Automated Tool for Fighting Malware

    Source: US Federal Emergency Management Agency

    Headline: CISA Rolls Out Free, Automated Tool for Fighting Malware

    When malware threats arise, users in the public and private sector have to react quickly to protect their systems

    Thorium allows users to set up a customized and automated platform that is able to quickly analyze the threats and then add or remove tools based on the evolving needs presented by each new threat

    Thorium is capable of scheduling over 1,700 jobs per second, and then processing 10 million files per hour for each user

    “President Trump and Secretary Noem are getting CISA back on-mission, and the release of CISA’s new anti-malware tool Thorium is the next step towards that goal

    Just like individual tools in a toolbox, certain anti-malware systems are meant to be combat specific,” said Assistant Secretary Tricia McLaughlin

     “Thorium creates a customizable and automated system that streamlines the analysis and combatting of malware with the proper tools

    This new CISA tool optimizes the collaboration between the public sector and the private sector

    ” 

    Under the Trump Administration, CISA is returning to its core mission of protecting the American homeland in cyberspace

    Tools like Thorium, and the processes that develop them, are examples of what the nation’s premiere cybersecurity agency is capable of

    For more information and installation instructions, visit Thorium on CISA

    gov

    # # #

    MIL OSI USA News –

  • MIL-OSI USA: Flood Survivors in Four More Counties May Apply for Federal Assistance

    Source: US Federal Emergency Management Agency

    Headline: Flood Survivors in Four More Counties May Apply for Federal Assistance

    Flood Survivors in Four More Counties May Apply for Federal Assistance

    AUSTIN, Texas – Homeowners and renters in Guadalupe, Kimble, McCulloch and Menard counties are now eligible to apply for federal disaster assistance if you were affected by the Central Texas flooding in July

    FEMA, the State of Texas and the U

    S

    Small Business Administration may be able to help with serious disaster-related needs, temporary lodging, basic home repair costs, personal property loss and disaster loans

    Previously, Burnet, Kerr, San Saba, Tom Green, Travis and Williamson counties were designated for FEMA assistance, meaning survivors with losses in those counties could apply even if they do not live in the county or in Texas

    A total of 10 counties are now designated for federal assistance under the major presidential disaster declaration for the July 2-18 severe storms and flooding in Central Texas

    Survivors with homeowners’, renters’ and flood insurance are encouraged to file a claim with their insurance carrier as soon as possible

    By law, FEMA cannot provide funding for losses covered by your insurance

    If your policy does not cover all disaster expenses, you may be eligible for federal assistance

    FEMA works closely with the Small Business Administration, which provides low-interest disaster loans for homeowners, renters, nonprofit organizations and businesses of all sizes

    You have until Thursday, Sept

    4, to apply for FEMA disaster assistance, which is not the same as reporting your damage to the state

    Reporting disaster damage to the Texas Division of Emergency Management at damage

    tdem

    texas

    gov helps officials connect you with resources and services

    The fastest way to apply to FEMA is online at DisasterAssistance

    gov

    You may also use the FEMA mobile app or call the FEMA Helpline at 800-621-3362

    Lines are open from 6 a

    m

    to 10 p

    m

    CT daily

    If you use a relay service, captioned telephone or other service, you can give FEMA your number for that service

    Helpline specialists speak many languages

    Press 2 for Spanish

    To apply online or to download an SBA application, go to SBA

    gov/disaster

    You may also call SBA’s Customer Service Center at 800-659-2955 or email DisasterCustomerService@sba

    gov

     The deadline to apply for an SBA physical disaster loan is also Thursday, Sept

    4

    The last day to apply for an SBA economic injury loan is April 6, 2026

    You may also visit any Disaster Recovery Center to receive in-person assistance

    To find one close to you, use your ZIP code to search FEMA

    gov/DRC

    To view an accessible video, visit What You Need to Know Before Applying for FEMA Assistance

    For the latest information about the Texas recovery, visit fema

    gov/disaster/4879

    Follow FEMA Region 6 on social media at x

    com/FEMARegion6 and at facebook

    com/FEMARegion6
    toan

    nguyen
    Thu, 07/31/2025 – 15:35

    MIL OSI USA News –

  • MIL-OSI USA: Migrant Crossings at the Darien Gap Continue to Plummet, Crossings Are Down 99.98%

    Source: US Federal Emergency Management Agency

    Headline: Migrant Crossings at the Darien Gap Continue to Plummet, Crossings Are Down 99

    98%

    lass=”text-align-center”>In May, only 13 crossings were recorded—June dropped further to just 10
    WASHINGTON – Today, the U

    S

    Department of Homeland Security (DHS) announced migrant crossings at the Darien Gap have dropped 99

    98% for the months of May and June 2025 compared to a peak under the Biden Administration in August 2023

      
    Under the Biden Administration, crossings in a single month exceeded 82,000

    In May 2025, there were only 13 crossings and the number fell again in June 2025 to just 10

    This is a massive decline in illegal migration through one of the key channels normally utilized by would-be illegal aliens to invade our country

      
    “The dangerous Darien Gap trek is notorious for exposing migrants, including children and the most vulnerable, to sexual abuse, trafficking, and exploitation,” said Assistant Secretary Tricia McLaughlin

    “In Panama’s Darien Gap, migrants are now turning BACK before they even reach our border— only 10 migrants crossed in June

    This is more than a 99

    98% drop from the Biden high when 82,000 illegal aliens crossed in a single month

     The world is hearing our message that America’s borders are closed to lawbreakers

     Thanks to President Trump and Secretary Noem, we have the most secure border in American history

    ” 
    With the most secure border in American history, DHS is focused on deporting those who break our nation’s laws

    If you are here illegally, use the CBP Home App to take control of your departure and receive financial support to return home

    Illegal aliens who use the CBP Home App to self-deport also receive cost-free travel and a $1,000 exit bonus, paid after their return is confirmed through the app

     
    ###

    MIL OSI USA News –

  • MIL-OSI USA: Sunrise on Crew-11 Launch Attempt

    Source: NASA

    The Sun rises on the morning of July 31, 2025, ahead of NASA’s SpaceX Crew-11 mission launch from NASA’s Kennedy Space Center in Florida. The launch was postponed due to an unfavorable weather forecast. Teams are now targeting 11:43 a.m. EDT Friday, Aug. 1.
    NASA astronauts Zena Cardman and Mike Fincke, JAXA (Japan Aerospace Exploration Agency) astronaut Kimiya Yui, and Roscosmos cosmonaut Oleg Platonov will launch to the International Space Station, where they will perform research, technology demonstrations, and maintenance activities.
    Image credit: NASA/Cory S. Huston

    MIL OSI USA News –

  • MIL-OSI USA: News Release – DOH Urges Residents With Electric Medical Devices to Prepare for Potential Power Outages

    Source: US State of Hawaii

    News Release – DOH Urges Residents With Electric Medical Devices to Prepare for Potential Power Outages

    Posted on Jul 31, 2025 in Latest Department News, Newsroom

     

     

     

    STATE OF HAWAIʻI

    KA MOKU ʻĀINA O HAWAIʻI

     

    JOSH GREEN, M.D.
    GOVERNOR

    KE KIA‘ĀINA

     

    DEPARTMENT OF HEALTH

    KA ʻOIHANA OLAKINO

    KENNETH S. FINK, M.D., MGA, MPH
    DIRECTOR

    KA LUNA HO‘OKELE

    DOH URGES RESIDENTS WITH ELECTRIC MEDICAL DEVICES TO PREPARE FOR POTENTIAL POWER OUTAGES DURING RED FLAG WARNING

    25-086

    FOR IMMEDIATE RELEASE

    July 31, 2025

    HONOLULU — The Hawaiʻi Department of Health (DOH) is encouraging residents who rely on electric- or battery-powered medical devices to prepare for potential power outages. A Red Flag Warning is in effect until 6 p.m. Friday, Aug. 1, due to heightened wildfire risk, underscoring the importance of power outage preparedness.

    Households with a member who depends on electricity for medical needs are urged to speak with their health care provider about backup options and planning. Families should review and update their emergency plans, including the possibility of temporarily relocating if adequate backup power is not available.

    The Pacific ADA Center offers a helpful emergency preparedness checklist, available here.

    Hawaiian Electric (HECO) may implement Public Safety Power Shutoffs (PSPS) in high-risk areas to prevent wildfires. Residents in Honolulu, Maui and Hawaiʻi counties who use powered medical devices should review HECO’s PSPS preparedness recommendations:

    • Check if your residence is in a designated PSPS area.
    • Sign up for emergency outage alerts.
    • Complete a Medical Needs Communication Form.
    • Contact HECO’s customer service for help:
      • Oʻahu: 808-548-7311
      • Maui: 808-871-9777
      • Molokaʻi and Lānaʻi: 877-871-8461
      • Hilo: 808-969-6999
      • Kona: 808-329-3584
      • Waimea: 808-885-4605
    • Kauai Residents: Contact KIUC at 808-246-4300
    • If you have a smartphone, download the HECO app and enable notifications.

    All households are encouraged to visit www.preparenowhawaii.org for emergency preparedness tips and resources to support health and safety. For questions about electrical service, please contact your utility provider directly.

    #  #  #

    Media Contact:

    Adam LeFebvre
    Information Specialist
    Hawai‘i State Department of Health
    Phone: 808-586-4439
    Email: [email protected]

    MIL OSI USA News –

  • MIL-OSI USA: As Trump defunds federal firefighting, California steps up: introducing the world’s largest helicopter firefighting fleet

    Source: US State of California 2

    Jul 31, 2025

    What you need to know: California has completed a multi-year effort to modernize its aerial firefighting fleet, with the final delivery of two state-of-the-art Fire Hawk helicopters arriving in Sacramento – bringing CAL FIRE’s Fire Hawk fleet to a total of 16 stationed throughout the state.

    SACRAMENTO – In stark contrast to the Trump administration’s cuts to public safety and emergency response, California continues to ramp up its firefighting arsenal: the state now has the largest civilian helicopter firefighting fleet in the world.

    Governor Gavin Newsom today announced a monumental achievement in CAL FIRE’s ongoing commitment to protecting California, as the final two of sixteen Sikorsky S-70i Fire Hawk helicopters arrived at McClellan Airfield in Sacramento. This arrival completes a multi-year transition that significantly upgrades the department’s aerial firefighting capabilities. This year also marks the full conversion of all ten CAL FIRE Helitack bases from the Vietnam-era Huey UH-1H helicopters to the state-of-the-art Fire Hawk. It’s a full circle moment on an effort that the Governor initiated at the beginning of his first term. 

    This comprehensive modernization effort, which began with the first base receiving a Fire Hawk in 2020, represents a substantial statewide initiative and a long-term investment in the safety and protection of California’s communities, property, and natural landscapes.

    Our fleet of Fire Hawk helicopters – now the largest in the world – is a proven tool in our growing firefighting arsenal. During the devastating Los Angeles fires, we saw them in action, conducting critical missions at night which stopped the Palisades Fire from dipping into Mandeville Canyon and toward the 405 freeway. Hundreds of homes were saved because of these state-of-the-art helicopters and their heroic pilots.

    With the Trump Administration pulling back on federal firefighting, California continues to step up to protect our communities.

    Governor Gavin Newsom

    Earlier this month, the Governor sent a model executive order to the White House for the President to issue to help the federal government match California’s efforts and better manage its forestlands, which make up 57% of California’s forests (compared to just 3% managed by the state). 

    This comes amid the Trump administration’s dangerous cuts to the U.S. Forest Service, which also threatens the safety of communities across the state. The U.S. Forest Service has lost 10% of all positions and 25% of positions outside of direct wildfire response – both of which are likely to impact wildfire response this year. Just last week, the Trump administration proposed a massive reorganization that would shutter the Pacific Regional Forest Service office and other regional Forest Service offices across the West, compounding staff cuts and voluntary resignations across the agency.

    The world’s largest aerial firefighting fleet – just got even bigger

    The new Fire Hawk helicopters add to the largest aerial firefighting fleet in the world. Governor Newsom recently announced that the state’s second C-130 Hercules airtanker is ready for firefighting operations. 

    CAL FIRE’s history with helicopters in firefighting dates back to the 1960s, when the Department first utilized choppers for reconnaissance and transport. Their versatility and ability to operate in challenging terrain led to their adoption for fire suppression in support of ground crews. 

    “The completion of our S-70i Fire Hawk fleet and the transition of all Helitack bases is thanks to the dedication of the entire CAL FIRE aviation program,” said CAL FIRE Chief and Director Joe Tyler. “This is about equipping our firefighters with the most advanced tools available to respond to the increasing complexities of wildland fires.”

    In the 1980s, CAL FIRE began its helicopter fleet with the Bell Huey, and for over four decades, the Huey has been the workhorse of the CAL FIRE Helitack program.

    The impacts of the transition to the purpose-built S-70i Fire Hawk, which began in 2018, are significant:

    • Increased water-dropping capacity: The Fire Hawk can carry nearly three times as much water as its predecessors (1000 gallons), allowing for more effective and immediate suppression efforts.
    • Enhanced night operations: Outfitted for night operations, the Fire Hawk extends CAL FIRE’s ability to fight fires around the clock, a critical advantage in containing rapidly spreading incidents. This capability proved valuable in January when CAL FIRE responded to the Palisades Fire. Multiple CAL FIRE helicopters, and partner agency aircraft, conducted crucial night operations in the Mandeville Canyon area, dropping over 375,000 gallons of water. Operating at low altitudes under night vision goggles (NVG) and navigating complex terrain and hazards such as high-tension power lines, flight crews were instrumental in halting the fire’s advance toward residential neighborhoods. Had the fire breached Mandeville Canyon, projections indicated a rapid spread toward the 405 Freeway corridor, putting hundreds of homes at risk. The combined nighttime and daylight operations ultimately prevented structural loss and showcased the value of CAL FIRE’s modernized aerial fleet and highly trained personnel in defending high-risk urban interface zones. CAL FIRE flew its first night mission with the Fire Hawk in 2022 in response to the Electra Fire.
    • Expanded crew and capabilities: With the capacity for more crew and an external permanently affixed hoist, the Fire Hawk provides greater flexibility for personnel deployment and rescue operations.
    • Improved flight safety: These state-of-the-art helicopters offer a greater degree of safety for firefighters and the community.

    Governor Newsom receives a demo of a CAL FIRE Fire Hawk simulator.

    California’s unprecedented wildfire readiness 

    As part of the state’s ongoing investment in wildfire resilience and emergency response, CAL FIRE has significantly expanded its workforce over the past five years by adding an average of 1,800 full-time and 600 seasonal positions annually – nearly double that of the previous administration. Over the next four years and beyond, CAL FIRE will be hiring thousands of additional firefighters, natural resource professionals, and support personnel to meet the state’s growing demands.

    In recent months, the Governor has announced millions of dollars in investments to protect communities from wildfire – with $135 million available for new and ongoing prevention projects and $72 million going out the door to projects across the state. This is part of over $5 billion the Newsom administration, in collaboration with the legislature, has invested in wildfire and forest resilience since 2019. Additionally, 54 new vegetation management projects spanning nearly 12,000 acres have already been fast-tracked to approval under the streamlined process provided by the Governor’s March 2025 state of emergency proclamation.

    This builds on consecutive years of intensive and focused work by California to confront the severe ongoing risk of catastrophic wildfires. New, bold moves to streamline state-level regulatory processes builds long-term efforts already underway in California to increase wildfire response and forest management in the face of a hotter, drier climate.

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  • MIL-OSI USA: JULY 31, 2025-2025-011_NEWS RELEASE-HIEMA ALERTS PUBLIC TO RED FLAG WARNING-EXTREME FIRE DANGER CONDITIONS EXIST

    Source: US State of Hawaii

    JULY 31, 2025-2025-011_NEWS RELEASE-HIEMA ALERTS PUBLIC TO RED FLAG WARNING-EXTREME FIRE DANGER CONDITIONS EXIST

    Posted on Jul 31, 2025 in Latest Department News, Newsroom

    STATE OF HAWAIʻI

    KA MOKU ʻĀINA O HAWAIʻI

     

    JOSH GREEN, M.D.

    GOVERNOR

    KE KIAʻĀINA

     

    DEPARTMENT OF DEFENSE

    KA ʻOIHANA PILI KAUA

     

    MAJOR GENERAL STEPHEN F. LOGAN

    DIRECTOR OF EMERGENCY MANAGEMENT
    LUNA HOʻOMALU PŌULIA

    HAWAIʻI EMERGENCY MANAGEMENT AGENCY

    KEʻENA HOʻOMALU PŌULIA O HAWAIʻI

    JAMES DS. BARROS

    ADMINISTRATOR OF EMERGENCY MANAGEMENT
    KAHU HOʻOMALU PŌULIA

     

     

    HIEMA ALERTS PUBLIC TO RED FLAG WARNING: EXTREME FIRE DANGER CONDITIONS EXIST

     

    FOR IMMEDIATE RELEASE                                                                                                                                                                                                                                                                                                                                                                                                         2025-011

    July 31, 2025

    HONOLULU — The Hawaiʻi Emergency Management Agency (HIEMA) is alerting the public that the National Weather Service (NWS) has issued a Red Flag Warning for portions of the state. The Red Flag Warning is in effect until 6:00 p.m. Friday, August 1. This warning signals that critical fire weather conditions — strong winds, low humidity and dry fuels — are creating an extreme wildfire risk.

    “We cannot afford to be careless when conditions are this dangerous,” said Governor Josh Green, M.D.. “Nearly all of Hawaiʻi’s wildfires are started by human activity, which means nearly all of them are preventable. Every person in our state — residents and visitors alike – has a role to play in reducing the risk. Please take this warning seriously, avoid activities that can spark fires and do your part to keep our communities and ‘ohana safe.”

    “Red Flag Warnings are a serious call to action,” said James Barros, HIEMA Administrator. “A single spark can have devastating consequences. It is everyone’s kuleana — our shared responsibility — to prevent ignition and protect our communities.”

     

    Human-caused ignitions remain the primary threat

    Nearly 99 % of wildfires in Hawaiʻi are caused by human activity, including careless disposal of cigarette butts, unattended campfires, “hot work” such as welding that uses machinery causing sparks, burning of yard waste, and sparks along roadways and powerline corridors (dlnr.hawaii.gov). Individual actions make the difference.

     

    Fuel loads and climate conditions drive fire severity

    Non-native, fire-prone grasses and shrubs cover more than 25 % of Hawaiʻi’s landscape, creating “fine fuels” that can spread fire rapidly and unpredictably (hwmo.org). Combined with warming, drier conditions, Hawaiʻi’s fire season is effectively year-round, with about 0.5 % of state land burning each year — among the highest proportions in the nation.

     

    Resource challenges and community preparedness

    The Department of Land and Natural Resources Division of Forestry and Wildlife (DOFAW) manages fire response across nearly 60% of Hawaiʻi’s lands, but constrained personnel and equipment make wildfire mitigation and suppression challenging. This year’s state budget included additional staffing and funding for fire mitigation, as well as approval to reduce fuels on state lands not maintained by DOFAW.

    Residents and visitors can also help protect their homes and communities by:

    • Clearing defensible space: Remove dry vegetation and combustible materials from around structures.
    • Avoiding activities that can start fires: Do not burn debris, discard cigarettes, or use open flames outdoors.

     

    • Maintaining property: Clear gutters, trim fire-prone vegetation and secure loose items.
    • Being evacuation-ready: Know at least two ways out of your neighborhood and have an emergency kit prepared.

    Infrastructure and evacuation challenges

    HIEMA continues to work with partnering agencies and counties, utilizing modernized alert systems and enhanced public safety during fast-moving fire events.

    “Wildfire preparedness is everyone’s kuleana — from individual homeowners and landowners to public land managers, large agricultural operations and even visitors,” said State Fire Marshal Dori Booth. “We must all work together to build a safer, more resilient Hawaiʻi.”

    For real-time updates on weather conditions and warnings, visit the National Weather Service at www.weather.gov/hfo and follow HIEMA on X (formerly Twitter) at @Hawaii_EMA. For more information on wildfire conditions and preparedness, visit https://dod.hawaii.gov/hiema/wildfire/.

    # # #

    Contact:

    1. Kīelekū Amundson

    Communications Director

    Phone: 808-733-4300 Ext 522

    Email: [email protected]

    MIL OSI USA News –

  • Ancient pre-Hispanic grave unearthed under residential Lima street

    Source: Government of India

    Source: Government of India (4)

    Human remains pointing to a 1,000-year-old pre-Hispanic cemetery were unearthed in northern Lima by workers digging under the Peruvian capital to install a gas pipeline, an archaeologist told Reuters on Thursday.

    The tomb was found on a residential street just two meters (6.6 feet) from the front gate of a house.

    Jose Pablo Aliaga, an archaeologist for gas distribution firm Calidda, said the remains of a man wrapped in burial cloths alongside pottery likely pointed to a burial complex, after another body was found nearby last month.

    “The material evidence suggests that it could be a burial of the Chancay culture, from approximately 1,000 to 1,200 years ago,” said Aliaga, pointing to a coastal fishing-based civilization known for its textiles and ceramics.

    “We are probably over a pre-Hispanic cemetery, as we found another burial just around the corner from here,” he added.

    It is common for companies excavating under Lima to hire archaeologists due to the number of sites scattered in the city.

    Last month, Calidda gas workers working in the same district of Puente Piedra discovered the remains of a mummified woman, which researchers estimate are over 900 years old.

    Peru’s 10 million-strong capital hosts over 400 archaeological sites dotted around the city. Calidda has itself reported over 2,200 archaeological discoveries in the last two decades, most of them traced back to the Chancay culture.

    The South American nation is home to hundreds of archaeological sites, including the Inca citadel of Machu Picchu in the Andean region of Cusco, and the ancient Nazca lines carved into the coastal desert of its Ica region.

    (Reuters)

  • MIL-OSI: LYNO AI Launches 2025 Presale: Advanced Cross-Chain Arbitrage Protocol Enters Early Bird Phase

    Source: GlobeNewswire (MIL-OSI)

    ROAD TOWN, British Virgin Islands, Aug. 01, 2025 (GLOBE NEWSWIRE) — A presale event for LYNO AI, a decentralized AI-driven cross-chain arbitrage protocol, has officially begun. This unique opportunity gives early-stage crypto investors access to LYNO AI’s proprietary technology before its broader rollout. The protocol integrates artificial intelligence with blockchain infrastructure to enable high-speed, automated trading across more than 15 EVM-compatible blockchains.

    LYNO AI Presale Now Open with 16M Tokens in Early Bird Phase

    The LYNO AI presale is currently in its Early Bird stage with 16 million tokens available at $0.050. The next pricing milestone will raise the token price to $0.055. LYNO’s presale model is divided into seven structured phases, ensuring gradual price increases and rewarding early participants.

    Investors can acquire tokens using ETH, USDT, or USDC through popular wallets like MetaMask and Trust Wallet. The project’s tiered pricing model is designed to create momentum and increase value for early adopters.

    Introducing LYNO AI: A Four-Layer Arbitrage Engine Across 15+ Blockchains

    LYNO AI operates as a fully autonomous protocol executing arbitrage trades in real-time through smart contracts. Its system includes:

    • Data Layer: Aggregates live market pricing and liquidity
    • AI Layer: Identifies optimal arbitrage paths using machine learning
    • Execution Layer: Executes trades through cross-chain bridges and flash loans (e.g., LayerZero, Axelar, Wormhole)
    • Settlement Layer: Distributes profits and retrains models for continuous performance improvement

    This combination supports intelligent, real-time arbitrage across chains such as Ethereum, BNB Chain, Polygon, Arbitrum, and Optimism.

    Security and Compliance Features

    The LYNO protocol is audited by Cyberscope and incorporates robust safety mechanisms such as multi-signature wallets, circuit breakers, slippage control, and zero-knowledge proof-based protections to guard against MEV exploits and front-running risks.

    Tokenomics and Governance

    Holders of the $LYNO token gain governance rights, enabling community-based decisions on upgrades, fees, and future developments. Staking incentives offer up to 60% of protocol fee rewards, creating long-term value and passive earning potential for participants.

    A buyback-and-burn model helps reduce circulating supply over time, potentially increasing scarcity and value. The presale represents 28% of the total token supply, distributed over seven rounds, with a roadmap focused on ecosystem sustainability.

    Conclusion

    With a focus on automation, interoperability, and community governance, LYNO AI positions itself as a forward-looking entrant in the AI-blockchain sector. The protocol’s combination of smart arbitrage infrastructure and AI-led optimization aims to create long-term utility and scalability.

    Early supporters are encouraged to participate in the presale while the $0.050 token price is active.

    More Information

    Website: https://lyno.ai/
    Buy Presale: https://lyno.ai/#presale
    Whitepaper: https://lyno.ai/whitepaper.pdf
    Twitter/X: https://x.com/Lyno_AI
    Telegram: https://t.me/lyno_ai

    Contact
    LYNO AI
    contact@lyno.ai

    Disclaimer: This content is provided by LYNO. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. We do not guarantee any claims, statements, or promises made in this article. This content is for informational purposes only and should not be considered financial, investment, or trading advice.Investing in crypto and mining-related opportunities involves significant risks, including the potential loss of capital. It is possible to lose all your capital. These products may not be suitable for everyone, and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. However, due to the inherently speculative nature of the blockchain sector—including cryptocurrency, NFTs, and mining—complete accuracy cannot always be guaranteed.Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility.Globenewswire does not endorse any content on this page.

    Legal Disclaimer: This media platform provides the content of this article on an “as-is” basis, without any warranties or representations of any kind, express or implied. We assume no responsibility for any inaccuracies, errors, or omissions. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.

    Photos accompanying this announcement are available at:
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    The MIL Network –

  • MIL-OSI: Descartes Sets Date to Announce Second Quarter Fiscal 2026 Financial Results

    Source: GlobeNewswire (MIL-OSI)

    WATERLOO, Ontario and ATLANTA, Aug. 01, 2025 (GLOBE NEWSWIRE) — Descartes Systems Group (TSX: DSG) (Nasdaq: DSGX), the global leader in uniting logistics-intensive businesses in commerce, is scheduled to report its second quarter fiscal 2026 financial results after market close on Wednesday, September 03, 2025.

    Members of Descartes’ executive management team will host a conference call to discuss the company’s financial results at 5:30 p.m. ET on Wednesday, September 03, 2025. Designated numbers are +1 289 514 5100 for North America and +1 800 717 1738 for international, using conference ID 15589.
    The company will simultaneously conduct an audio webcast on the Descartes website at www.descartes.com/descartes/investor-relations. Phone conference dial-in or webcast log-in is required approximately 10 minutes beforehand.

    Replays of the conference call will be available until Wednesday, September 10, 2025, by dialing +1 289 819 1325 or Toll-Free for North America using +1 888 660 6264 with Playback Passcode: 15589#. An archived replay of the webcast will be available at www.descartes.com/descartes/investor-relations.

    About Descartes Systems Group
    Descartes is the global leader in providing on-demand, software-as-a-service solutions focused on improving the productivity, security, and sustainability of logistics-intensive businesses. Customers use our modular, software-as-a-service solutions to route, track and help improve the safety, performance and compliance of delivery resources; plan, allocate and execute shipments; rate, audit and pay transportation invoices; access global trade data; file customs and security documents for imports and exports; and complete numerous other logistics processes by participating in the world’s largest, collaborative multimodal logistics community. Our headquarters are in Waterloo, Ontario, Canada and we have offices and partners around the world. Learn more at www.descartes.com and connect with us on LinkedIn and X (Twitter).

    Descartes Investor Contact         
    Laurie McCauley
    (519) 746-2969
    investor@descartes.com

    The MIL Network –

  • MIL-OSI: Brookfield Business Partners Reports Second Quarter 2025 Results

    Source: GlobeNewswire (MIL-OSI)

    BROOKFIELD, NEWS, Aug. 01, 2025 (GLOBE NEWSWIRE) — Brookfield Business Partners (NYSE: BBU, BBUC; TSX: BBU.UN, BBUC) announced today financial results for the quarter ended June 30, 2025.

    “We had an active quarter, reaching an agreement on the sale of a partial interest in three businesses, investing $300 million to acquire two market-leading businesses, and repurchasing an additional 2.2 million of common equity at highly accretive levels,” said Anuj Ranjan, CEO of Brookfield Business Partners. “The strength of our financial results in an uneven macroeconomic environment underscores the resilience of our operations, while progress on our value creation plans and capital recycling initiatives enable us to continue compounding growth for investors.”

      Three Months Ended
    June 30,    		   Six Months Ended
    June 30,
    US$ millions (except per unit amounts), unaudited   2025   2024       2025   2024
    Net income (loss) attributable to Unitholders1 $ 26 $ (20 )   $ 106 $ 28
    Net income (loss) per limited partnership unit2 $ 0.12 $ (0.10 )   $ 0.49 $ 0.13
               
    Adjusted EBITDA3 $ 591 $ 524     $ 1,182 $ 1,068

    Net income attributable to Unitholders for the three months ended June 30, 2025 was $26 million ($0.12 per limited partnership unit), compared to net loss of $20 million (loss of $0.10 per limited partnership unit) in the prior period.

    Adjusted EBITDA for the three months ended June 30, 2025 was $591 million, compared to $524 million in the prior period reflecting increased performance on a same store basis and contribution from recently completed acquisitions. Prior period results included $71 million of contribution from disposed operations including our offshore oil services’ shuttle tanker operation which was sold in January 2025.

    Operational Update

    The following table presents Adjusted EBITDA by segment:

      Three Months Ended
    June 30,    		   Six Months Ended
    June 30,
    US$ millions, unaudited   2025     2024       2025     2024  
    Industrials $ 307   $ 213     $ 611   $ 441  
    Business Services   205     182       418     387  
    Infrastructure Services   109     157       213     300  
    Corporate and Other   (30 )   (28 )     (60 )   (60 )
    Adjusted EBITDA $ 591   $ 524     $ 1,182   $ 1,068  

    Our Industrials segment generated Adjusted EBITDA of $307 million for the three months ended June 30, 2025, compared to $213 million during the same period in 2024, benefiting from strong operating performance at our advanced energy storage operation. Current period results included $71 million of tax recoveries as well as contribution from recent acquisitions including our electric heat tracing systems manufacturer which was acquired in January 2025. Prior period results included contribution from our Canadian aggregates production operation which was sold in June 2024.

    Our Business Services segment generated Adjusted EBITDA of $205 million for the three months ended June 30, 2025, compared to $182 million during the same period in 2024 which reflected the impact of reduced contribution from our dealer software and technology services operation in the prior period. Prior period results included contribution from our road fuels operation which was sold in July 2024.

    Our Infrastructure Services segment generated Adjusted EBITDA of $109 million for the three months ended June 30, 2025, compared to $157 million during the same period in 2024 primarily reflecting the sale of our offshore oil services’ shuttle tanker operation in January 2025.

    The following table presents Adjusted EFO4 by segment:

      Three Months Ended
    June 30,    		   Six Months Ended
    June 30,
    US$ millions, unaudited   2025     2024       2025     2024  
    Adjusted EFO          
    Industrials $ 154   $ 206     $ 284   $ 386  
    Business Services   105     86       222     254  
    Infrastructure Services   38     76       204     148  
    Corporate and Other   (63 )   (79 )     (131 )   (168 )

    Adjusted EFO included the benefit of lower interest expense due to a reduction in corporate borrowings compared to the prior period. Industrials Adjusted EFO reflected the impact of higher interest expense related to the funding of a distribution received from our advanced energy storage operation during the current year. Adjusted EFO in the prior period included $103 million of net gains related to the disposition of our Canadian aggregates production operation and the sale of public securities.

    Strategic Initiatives

    • Capital Recycling
      In July, we completed the previously announced sale of a partial interest in three businesses to a new evergreen private equity fund managed by Brookfield Asset Management. In exchange, BBU will receive units of the new evergreen fund with an initial redemption value of approximately $690 million, representing an aggregate 8.6% discount to net asset value (NAV) of the interests sold. In the 18-month period following the initial close of the new evergreen fund, the units are expected to be redeemed for cash.
    • Canadian Mortgage Lender
      In July, we entered into a partnership to privatize First National Financial Corporation, a leading publicly-listed Canadian residential and multi-family mortgage lender, for $2.7 billion. The transaction is expected to be funded with approximately $1.3 billion of equity, of which BBU’s share is expected to be approximately $145 million for an 11% interest in the business. The transaction is expected to close later this year, subject to obtaining the required shareholder, court and regulatory approvals and the satisfaction of other customary closing conditions.
    • Specialty Consumables and Equipment Manufacturer
      In May, we completed the previously announced acquisition of Antylia Scientific, a leading manufacturer and distributor of critical consumables and testing equipment serving life sciences and environmental labs for approximately $1.3 billion. BBU invested $168 million for a 26% interest.
    • Unit Repurchase Program
      During the quarter, we invested $56 million to repurchase 2.2 million units and shares of Brookfield Business Partners at an average price of approximately $25 per unit and share. Since the start of the year, our buyback program has returned $157 million to owners through the repurchase of 6.5 million units and shares under our normal course issuer bid (NCIB), which we plan to renew once it expires later this month.

    Liquidity

    We ended the quarter with approximately $2.3 billion of liquidity at the corporate level, including $2.2 billion of availability on our credit facilities. Pro forma for announced and recently closed transactions, corporate liquidity is approximately $2.9 billion.

    Distribution

    The Board of Directors has declared a quarterly distribution in the amount of $0.0625 per unit, payable on September 29, 2025 to unitholders of record as at the close of business on August 29, 2025.

    Additional Information

    The Board has reviewed and approved this news release, including the summarized unaudited interim condensed consolidated financial statements contained herein.

    Brookfield Business Partners’ Letter to Unitholders and the Supplemental Information are available on our website https://bbu.brookfield.com under Reports & Filings.

    Notes:
    1 Attributable to limited partnership unitholders, general partnership unitholders, redemption-exchange unitholders, special limited partnership unitholders and BBUC exchangeable shareholders.
    2 Net income (loss) per limited partnership unit calculated as net income (loss) attributable to limited partners divided by the average number of limited partnership units outstanding for the three and six months ended June 30, 2025 which were 88.9 million and 84.5 million, respectively (June 30, 2024: 74.3 million and 74.3 million, respectively).
    3 Adjusted EBITDA is a non-IFRS measure of operating performance presented as net income and equity accounted income at the partnership’s economic ownership interest in consolidated subsidiaries and equity accounted investments, respectively, excluding the impact of interest income (expense), net, income taxes, depreciation and amortization expense, gains (losses) on dispositions, net, transaction costs, restructuring charges, revaluation gains or losses, impairment expenses or reversals, other income or expenses, and preferred equity distributions. The partnership’s economic ownership interest in consolidated subsidiaries and equity accounted investments excludes amounts attributable to non-controlling interests consistent with how the partnership determines net income attributable to non-controlling interests in its unaudited interim condensed consolidated statements of operating results. The partnership believes that Adjusted EBITDA provides a comprehensive understanding of the ability of its businesses to generate recurring earnings which allows users to better understand and evaluate the underlying financial performance of the partnership’s operations and excludes items that the partnership believes do not directly relate to revenue earning activities and are not normal, recurring items necessary for business operations. Please refer to the reconciliation of net income (loss) to Adjusted EBITDA included in this news release.
    4 Adjusted EFO is the partnership’s segment measure of profit or loss and is presented as net income and equity accounted income at the partnership’s economic ownership interest in consolidated subsidiaries and equity accounted investments, respectively, excluding the impact of depreciation and amortization expense, deferred income taxes, transaction costs, restructuring charges, unrealized revaluation gains or losses, impairment expenses or reversals and other income or expense items that are not directly related to revenue generating activities. The partnership’s economic ownership interest in consolidated subsidiaries excludes amounts attributable to non-controlling interests consistent with how the partnership determines net income attributable to non-controlling interests in its unaudited interim condensed consolidated statements of operating results. In order to provide additional insight regarding the partnership’s operating performance over the lifecycle of an investment, Adjusted EFO includes the impact of preferred equity distributions and realized disposition gains or losses recorded in net income, other comprehensive income, or directly in equity, such as ownership changes. Adjusted EFO does not include legal and other provisions that may occur from time to time in the partnership’s operations and that are one-time or non-recurring and not directly tied to the partnership’s operations, such as those for litigation or contingencies. Adjusted EFO includes expected credit losses and bad debt allowances recorded in the normal course of the partnership’s operations. Adjusted EFO allows the partnership to evaluate its segments on the basis of return on invested capital generated by its operations and allows the partnership to evaluate the performance of its segments on a levered basis.

    Brookfield Business Partners is a global business services and industrials company focused on owning and operating high-quality businesses that provide essential products and services and benefit from a strong competitive position. Investors have flexibility to invest in our company either through Brookfield Business Partners L.P. (NYSE: BBU; TSX: BBU.UN), a limited partnership or Brookfield Business Corporation (NYSE, TSX: BBUC), a corporation. For more information, please visit https://bbu.brookfield.com.

    Brookfield Business Partners is the flagship listed vehicle of Brookfield Asset Management’s Private Equity Group. Brookfield Asset Management is a leading global alternative asset manager with over $1 trillion of assets under management.

    Please note that Brookfield Business Partners’ previous audited annual and unaudited quarterly reports have been filed on SEDAR+ and EDGAR, and are available at https://bbu.brookfield.com under Reports & Filings. Hard copies of the annual and quarterly reports can be obtained free of charge upon request.

    For more information, please contact:

    Conference Call and Quarterly Earnings Webcast Details

    Investors, analysts and other interested parties can access Brookfield Business Partners’ second quarter 2025 results as well as the Letter to Unitholders and Supplemental Information on our website https://bbu.brookfield.com under Reports & Filings.

    The results call can be accessed via webcast on August 1, 2025 at 10:00 a.m. Eastern Time at BBU2025Q2Webcast or participants can preregister at BBU2025Q2ConferenceCall. Upon registering, participants will be emailed a dial-in number and unique PIN. A replay of the webcast will be available at https://bbu.brookfield.com.

    Brookfield Business Partners L.P.
    Consolidated Statements of Financial Position
     
      As at
    US$ millions, unaudited June 30, 2025   December 31, 2024
               
    Assets          
    Cash and cash equivalents   $ 3,329     $ 3,239
    Financial assets     11,658       12,371
    Accounts and other receivable, net     7,148       6,279
    Inventory and other assets     5,808       5,728
    Property, plant and equipment     10,591       13,232
    Deferred income tax assets     1,959       1,744
    Intangible assets     19,158       18,317
    Equity accounted investments     2,397       2,325
    Goodwill     13,287       12,239
    Total Assets   $ 75,335     $ 75,474
               
    Liabilities and Equity          
    Liabilities          
    Corporate borrowings   $ 1,116     $ 2,142
    Accounts payable and other     13,766       16,691
    Non-recourse borrowings in subsidiaries of the partnership     42,493       36,720
    Deferred income tax liabilities     2,639       2,613
               
    Equity          
    Limited partners $ 2,291     $ 1,752  
    Non-controlling interests attributable to:          
    Redemption-exchange units   1,330       1,644  
    Special limited partner   —       —  
    BBUC exchangeable shares   1,805       1,721  
    Preferred securities   740       740  
    Interest of others in operating subsidiaries   9,155       11,451  
          15,321       17,308
    Total Liabilities and Equity   $ 75,335     $ 75,474
    Brookfield Business Partners L.P.
    Consolidated Statements of Operating Results
     
    US$ millions, unaudited Three Months Ended
    June 30,    		   Six Months Ended
    June 30,
      2025     2024       2025     2024  
               
    Revenues $ 6,695   $ 11,946     $ 13,444   $ 23,961  
    Direct operating costs   (5,465 )   (10,928 )     (10,867 )   (21,806 )
    General and administrative expenses   (271 )   (307 )     (582 )   (624 )
    Interest income (expense), net   (801 )   (778 )     (1,571 )   (1,574 )
    Equity accounted income (loss)   23     31       15     54  
    Impairment reversal (expense), net   (14 )   —       (14 )   10  
    Gain (loss) on dispositions, net   6     84       220     99  
    Other income (expense), net   (103 )   (100 )     (186 )   16  
    Income (loss) before income tax   70     (52 )     459     136  
    Income tax (expense) recovery          
    Current   (119 )   (122 )     (316 )   (212 )
    Deferred   184     239       248     344  
    Net income (loss) $ 135   $ 65     $ 391   $ 268  
    Attributable to:          
    Limited partners $ 11   $ (7 )   $ 41   $ 10  
    Non-controlling interests attributable to:          
    Redemption-exchange units   6     (6 )     29     9  
    Special limited partner   —     —       —     —  
    BBUC exchangeable shares   9     (7 )     36     9  
    Preferred securities   13     13       26     26  
    Interest of others in operating subsidiaries   96     72       259     214  
    Brookfield Business Partners L.P.
    Reconciliation of Non-IFRS Measure
     
    US$ millions, unaudited   Three Months Ended June 30, 2025
      Business
    Services    		   Infrastructure
    Services    		   Industrials   Corporate
    and Other    		   Total
                         
    Net income (loss)   $ 253     $ (173 )   $ 95     $ (40 )   $ 135  
                         
    Add or subtract the following:                    
    Depreciation and amortization expense     208       175       384       —       767  
    Impairment reversal (expense), net     —       —       14       —       14  
    Gain (loss) on dispositions, net     (6 )     —       —       —       (6 )
    Other income (expense), net1     (200 )     76       229       (2 )     103  
    Income tax (expense) recovery     9       10       (76 )     (8 )     (65 )
    Equity accounted income (loss)     (5 )     (4 )     (14 )     —       (23 )
    Interest income (expense), net     238       142       401       20       801  
    Equity accounted Adjusted EBITDA2     28       40       20       —       88  
    Amounts attributable to non-controlling interests3     (320 )     (157 )     (746 )     —       (1,223 )
    Adjusted EBITDA   $ 205     $ 109     $ 307     $ (30 )   $ 591  

    Notes:
    1 Other income (expense), net corresponds to amounts that are not directly related to revenue earning activities and are not normal, recurring income or expenses necessary for business operations. The components of other income (expense), net include $236 million of net gain recognized upon the deconsolidation of our healthcare services operation, $183 million of expenses related to employee incentive payments linked to the realization of value at our advanced energy storage operation, $59 million of net revaluation losses, $57 million of business separation expenses, stand-up costs and restructuring charges, $19 million of net loss on debt modification and extinguishment, $3 million of transaction costs and $18 million of other expenses.
    2 Equity accounted Adjusted EBITDA corresponds to the Adjusted EBITDA attributable to the partnership that is generated by its investments in associates and joint ventures accounted for using the equity method.
    3 Amounts attributable to non-controlling interests are calculated based on the economic ownership interests held by the non-controlling interests in consolidated subsidiaries.

    Brookfield Business Partners L.P.
    Reconciliation of Non-IFRS Measure
     
    US$ millions, unaudited   Six Months Ended June 30, 2025
      Business
    Services    		   Infrastructure
    Services    		   Industrials   Corporate
    and Other    		   Total
                         
    Net income (loss)   $ 253     $ (17 )   $ 240     $ (85 )   $ 391  
                         
    Add or subtract the following:                    
    Depreciation and amortization expense     430       340       727       —       1,497  
    Impairment reversal (expense), net     —       —       14       —       14  
    Gain (loss) on dispositions, net     (6 )     (214 )     —       —       (220 )
    Other income (expense), net1     (132 )     (3 )     322       (1 )     186  
    Income tax (expense) recovery     27       35       25       (19 )     68  
    Equity accounted income (loss)     (8 )     22       (29 )     —       (15 )
    Interest income (expense), net     468       291       767       45       1,571  
    Equity accounted Adjusted EBITDA2     52       73       35       —       160  
    Amounts attributable to non-controlling interests3     (666 )     (314 )     (1,490 )     —       (2,470 )
    Adjusted EBITDA   $ 418     $ 213     $ 611     $ (60 )   $ 1,182  

    Notes:
    1 Other income (expense), net corresponds to amounts that are not directly related to revenue earning activities and are not normal, recurring income or expenses necessary for business operations. The components of other income (expense), net include $236 million of net gain recognized upon the deconsolidation of our healthcare services operation, $183 million of expenses related to employee incentive payments linked to the realization of value at our advanced energy storage operation, $135 million of business separation expenses, stand-up costs and restructuring charges, $125 million of unrealized gains recorded on reclassification of property, plant and equipment to finance leases at our offshore oil services operation, $110 million of net revaluation losses, $38 million of transaction costs, $22 million of net loss on debt modification and extinguishment and $59 million of other expenses.
    2 Equity accounted Adjusted EBITDA corresponds to the Adjusted EBITDA attributable to the partnership that is generated by our investments in associates and joint ventures accounted for using the equity method.
    3 Amounts attributable to non-controlling interests are calculated based on the economic ownership interests held by the non-controlling interests in consolidated subsidiaries.

    Brookfield Business Partners L.P.
    Reconciliation of Non-IFRS Measure
     
    US$ millions, unaudited   Three Months Ended June 30, 2024
      Business
    Services    		   Infrastructure
    Services    		   Industrials   Corporate
    and Other    		   Total
                         
    Net income (loss)   $ (5 )   $ (92 )   $ 216     $ (54 )   $ 65  
                         
    Add back or deduct the following:                    
    Depreciation and amortization expense     248       222       339       —       809  
    Gain (loss) on dispositions, net     —       —       (84 )     —       (84 )
    Other income (expense), net1     51       22       26       1       100  
    Income tax expense (recovery)     (17 )     4       (91 )     (13 )     (117 )
    Equity accounted income (loss)     (5 )     (11 )     (15 )     —       (31 )
    Interest income (expense), net     253       178       309       38       778  
    Equity accounted Adjusted EBITDA2     18       44       15       —       77  
    Amounts attributable to non-controlling interests3     (361 )     (210 )     (502 )     —       (1,073 )
    Adjusted EBITDA   $ 182     $ 157     $ 213     $ (28 )   $ 524  

    Notes:
    1 Other income (expense), net corresponds to amounts that are not directly related to revenue earning activities and are not normal, recurring income or expenses necessary for business operations. The components of other income (expense), net include $82 million related to provisions recorded at our construction operation, $49 million of net gains on debt modification and extinguishment, $41 million of business separation expenses, stand-up costs, and restructuring charges, $21 million of net revaluation gains, $8 million of transaction costs and $39 million of other expenses.
    2 Equity accounted Adjusted EBITDA corresponds to the Adjusted EBITDA attributable to the partnership that is generated by our investments in associates and joint ventures accounted for using the equity method.
    3 Amounts attributable to non-controlling interests are calculated based on the economic ownership interests held by the non-controlling interests in consolidated subsidiaries.

    Brookfield Business Partners L.P.
    Reconciliation of Non-IFRS Measure
     
    US$ millions, unaudited   Six Months Ended June 30, 2024
      Business
    Services    		   Infrastructure
    Services    		   Industrials   Corporate
    and Other    		   Total
                         
    Net income (loss)   $ 235     $ (157 )   $ 314     $ (124 )   $ 268  
                         
    Add back or deduct the following:                    
    Depreciation and amortization expense     502       434       681       —       1,617  
    Impairment reversal (expense), net     (4 )     (12 )     6       —       (10 )
    Gain (loss) on dispositions, net     (15 )     —       (84 )     —       (99 )
    Other income (expense), net1     (89 )     4       58       11       (16 )
    Income tax expense (recovery)     7       1       (118 )     (22 )     (132 )
    Equity accounted income (loss), net     (6 )     (15 )     (33 )     —       (54 )
    Interest income (expense), net     505       358       636       75       1,574  
    Equity accounted Adjusted EBITDA2     35       83       31       —       149  
    Amounts attributable to non-controlling interests3     (783 )     (396 )     (1,050 )     —       (2,229 )
    Adjusted EBITDA   $ 387     $ 300     $ 441     $ (60 )   $ 1,068  

    Notes:
    1 Other income (expense), net corresponds to amounts that are not directly related to revenue earning activities and are not normal, recurring income or expenses necessary for business operations. The components of other income (expense), net include $179 million of net revaluation gains, $82 million related to provisions recorded at our construction operation, $61 million of business separation expenses, stand-up costs and restructuring charges, $50 million of other income related to a distribution at our entertainment operation, $38 million of net gains on debt modification and extinguishment, $29 million of transaction costs and $79 million of other expenses.
    2 Equity accounted Adjusted EBITDA corresponds to the Adjusted EBITDA attributable to the partnership that is generated by our investments in associates and joint ventures accounted for using the equity method.
    3 Amounts attributable to non-controlling interests are calculated based on the economic ownership interests held by the non-controlling interests in consolidated subsidiaries.

    Brookfield Business Corporation Reports Second Quarter 2025 Results
     

    Brookfield, News, August 1, 2025 – Brookfield Business Corporation (NYSE, TSX: BBUC) announced today its net income (loss) for the quarter ended June 30, 2025.

      Three Months Ended
    June 30,    		   Six Months Ended
    June 30,
    US$ millions, unaudited   2025     2024     2025     2024  
               
    Net income (loss) attributable to Brookfield Business Partners $ (120 ) $ 124   $ (178 ) $ (26 )

    Net loss attributable to Brookfield Business Partners for the three months ended June 30, 2025 was $120 million, compared to net income of $124 million during the same period in 2024. Current period results included $176 million of remeasurement loss on our exchangeable and class B shares that are classified as liabilities under IFRS and a net gain recognized upon the deconsolidation of our healthcare services operation due to loss of control. Prior period results reflect the impact of reduced contribution from our construction operation. As at June 30, 2025, the exchangeable and class B shares were remeasured to reflect the closing price of $25.93 per unit.

    Dividend

    The Board of Directors has declared a quarterly dividend in the amount of $0.0625 per share, payable on September 29, 2025 to shareholders of record as at the close of business on August 29, 2025.

    Additional Information

    Each exchangeable share of Brookfield Business Corporation has been structured with the intention of providing an economic return equivalent to one unit of Brookfield Business Partners L.P. Each exchangeable share will be exchangeable at the option of the holder for one unit. Brookfield Business Corporation will target that dividends on its exchangeable shares be declared and paid at the same time as distributions are declared and paid on the Brookfield Business Partners’ units and that dividends on each exchangeable share will be declared and paid in the same amount as distributions are declared and paid on each unit to provide holders of exchangeable shares with an economic return equivalent to holders of units.

    In addition to carefully considering the disclosures made in this news release in its entirety, shareholders are strongly encouraged to carefully review the Letter to Unitholders, Supplemental Information and other continuous disclosure filings which are available at https://bbu.brookfield.com.

    Please note that Brookfield Business Corporation’s previous audited annual and unaudited quarterly reports have been filed on SEDAR+ and EDGAR and are available at https://bbu.brookfield.com/bbuc under Reports & Filings. Hard copies of the annual and quarterly reports can be obtained free of charge upon request.

    Brookfield Business Corporation
    Consolidated Statements of Financial Position
     
      As at
    US$ millions, unaudited June 30, 2025   December 31, 2024
               
    Assets          
    Cash and cash equivalents   $ 613     $ 1,008
    Financial assets     290       353
    Accounts and other receivable, net     3,234       3,229
    Inventory, net     26       52
    Other assets     517       627
    Property, plant and equipment     181       2,480
    Deferred income tax assets     236       197
    Intangible assets     5,980       5,966
    Equity accounted investments     187       198
    Goodwill     5,018       4,988
    Total Assets   $ 16,282     $ 19,098
               
    Liabilities and Equity          
    Liabilities          
    Accounts payable and other   $ 2,981     $ 5,276
    Non-recourse borrowings in subsidiaries of the company     7,940       8,490
    Exchangeable and class B shares     1,815       1,709
    Deferred income tax liabilities     967       988
               
    Equity          
    Brookfield Business Partners $ (159 )     $ (59 )  
    Non-controlling interests   2,738         2,694    
          2,579       2,635
    Total Liabilities and Equity   $ 16,282     $ 19,098
    Brookfield Business Corporation
    Consolidated Statements of Operating Results
     
    US$ millions, unaudited Three Months Ended
    June 30,    		   Six Months Ended
    June 30,
      2025     2024       2025     2024  
               
    Revenues $ 1,860   $ 1,929     $ 3,826   $ 3,794  
    Direct operating costs   (1,695 )   (1,860 )     (3,484 )   (3,512 )
    General and administrative expenses   (69 )   (77 )     (144 )   (141 )
    Interest income (expense), net   (212 )   (203 )     (431 )   (413 )
    Equity accounted income (loss)   2     2       5     3  
    Impairment reversal (expense), net   —     —       —     (2 )
    Remeasurement of exchangeable and class B shares   (176 )   237       (183 )   126  
    Other income (expense), net   236     (59 )     202     (70 )
    Income (loss) before income tax   (54 )   (31 )     (209 )   (215 )
    Income tax (expense) recovery          
    Current   14     16       (9 )   (28 )
    Deferred   17     55       60     109  
    Net income (loss) $ (23 ) $ 40     $ (158 ) $ (134 )
    Attributable to:          
    Brookfield Business Partners   (120 )   124       (178 )   (26 )
    Non-controlling interests $ 97   $ (84 )   $ 20   $ (108 )


    Cautionary Statement Regarding Forward-looking Statements and Information

    Note: This news release contains “forward-looking information” within the meaning of Canadian provincial securities laws and “forward-looking statements” within the meaning of applicable Canadian and U.S. securities laws. Forward-looking statements include statements that are predictive in nature, depend upon or refer to future events or conditions, include statements regarding the operations, business, financial condition, expected financial results, performance, prospects, opportunities, priorities, targets, goals, ongoing objectives, strategies and outlook of Brookfield Business Partners, as well as regarding recently completed and proposed acquisitions, dispositions, and other transactions, and the outlook for North American and international economies for the current fiscal year and subsequent periods, and include words such as “expects”, “anticipates”, “plans”, “believes”, “estimates”, “seeks”, “intends”, “targets”, “projects”, “forecasts”, “views”, “potential”, “likely” or negative versions thereof and other similar expressions, or future or conditional verbs such as “may”, “will”, “should”, “would” and “could”.

    Although we believe that our anticipated future results, performance or achievements expressed or implied by the forward-looking statements and information are based upon reasonable assumptions and expectations, investors and other readers should not place undue reliance on forward-looking statements and information because they involve assumptions, known and unknown risks, uncertainties and other factors, many of which are beyond our control, which may cause the actual results, performance or achievements of Brookfield Business Partners to differ materially from anticipated future results, performance or achievements expressed or implied by such forward-looking statements and information. These beliefs, assumptions and expectations can change as a result of many possible events or factors, not all of which are known to us or are within our control. If a change occurs, our business, financial condition, liquidity and results of operations and our plans and strategies may vary materially from those expressed in the forward-looking statements and forward-looking information herein.

    Factors that could cause actual results to differ materially from those contemplated or implied by forward-looking statements include, but are not limited to, the following: the cyclical nature of our operating businesses and general economic conditions and risks relating to the economy, including unfavorable changes in interest rates, foreign exchange rates, inflation, commodity prices and volatility in the financial markets; the ability to complete and effectively integrate acquisitions into existing operations and the ability to attain expected benefits; business competition, including competition for acquisition opportunities; strategic actions including our ability to complete dispositions and achieve the anticipated benefits therefrom; global equity and capital markets and the availability of equity and debt financing and refinancing within these markets; changes to U.S. laws or policies, including changes in U.S. domestic and economic policies as well as foreign trade policies and tariffs; technological change; litigation; cybersecurity incidents; the possible impact of international conflicts, wars and related developments including terrorist acts and cyber terrorism; operational, or business risks that are specific to any of our business services operations, infrastructure services operations or industrials operations; changes in government policy and legislation; catastrophic events, such as earthquakes, hurricanes and pandemics/epidemics; changes in tax law and practice; and other risks and factors detailed from time to time in our documents filed with the securities regulators in Canada and the United States including those set forth in the “Risk Factors” section in our annual report for the year ended December 31, 2024 filed on Form 20-F.

    Statements relating to “reserves” are deemed to be forward-looking statements as they involve the implied assessment, based on certain estimates and assumptions, that the reserves described herein can be profitably produced in the future. We qualify any and all of our forward-looking statements by these cautionary factors.

    We caution that the foregoing list of important factors that may affect future results is not exhaustive. When relying on our forward-looking statements and information, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. Except as required by law, we undertake no obligation to publicly update or revise any forward-looking statements or information, whether written or oral, that may be as a result of new information, future events or otherwise.

    Cautionary Statement Regarding the Use of a Non-IFRS Measure

    This news release contains references to a Non-IFRS measure. Adjusted EBITDA is not a generally accepted accounting measure under IFRS and therefore may differ from definitions used by other entities. We believe this is a useful supplemental measure that may assist investors in assessing the financial performance of Brookfield Business Partners and its subsidiaries. However, Adjusted EBITDA should not be considered in isolation from, or as a substitute for, analysis of our financial statements prepared in accordance with IFRS.

    References to Brookfield Business Partners are to Brookfield Business Partners L.P. together with its subsidiaries, controlled affiliates and operating entities. Unitholders’ results include limited partnership units, redemption-exchange units, general partnership units, BBUC exchangeable shares and special limited partnership units. More detailed information on certain references made in this news release will be available in our Management’s Discussion and Analysis of Financial Condition and Results of Operations in our interim report for the second quarter ended June 30, 2025 furnished on Form 6-K.

    The MIL Network –