Source: African Development Bank Group
What: Launch of the second phase of the Project for Support and Promotion of Women’s and Youth’s Entrepreneurial Initiatives (PAVIE II)
Who: Delegation for Rapid Entrepreneurship of Women and Youth, African Development Bank, French Development Agency, and Government of Senegal
When: Wednesday…
Category: Banking
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MIL-OSI Economics: Launch of PAVIE II: Empowering Women and Youth for Food Sovereignty Project in Senegal
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MIL-OSI: CashUSA Under Review: Best No Credit Check Lending Option for Personal Loans in 2025
Source: GlobeNewswire (MIL-OSI)
Las Vegas, May 08, 2025 (GLOBE NEWSWIRE) —
In This Article, You’ll Discover:
- Why millions of Americans are turning to no credit check personal loans in 2025
- What makes CashUSA one of the most trusted online loan marketplaces for borrowers with poor or no credit
- A step-by-step walkthrough of the CashUSA loan application process
- How CashUSA compares to payday loans, traditional bank loans, and other online lenders
- A detailed breakdown of loan amounts, interest rates, repayment terms, and fees
- Real user reviews and testimonials from CashUSA borrowers in 2025
- What to expect in terms of approval speed, funding timelines, and credit impact
- Common FAQs and full disclosures that help readers make informed borrowing decisions
TL;DR — CashUSA Under Review: The Best No Credit Check Personal Loan Option in 2025
In 2025, many borrowers are finding themselves shut out of traditional lending due to rigid credit score requirements, slow approval timelines, and inflexible employment standards. This detailed CashUSA review explores why the platform has become a leading solution for individuals seeking fast, reliable, and no credit check personal loans. Unlike banks or payday lenders, CashUSA connects borrowers with a wide network of trusted third-party lenders, many of whom evaluate applications using alternative credit data.
This article breaks down everything potential borrowers need to know — from eligibility requirements and application steps to funding times, lender comparisons, and real user experiences. With loan amounts ranging from $500 to $10,000, flexible repayment terms, and no hard credit pull during the initial inquiry, CashUSA is positioned as one of the best online lending platforms in 2025 for people who need fast access to cash without compromising their financial future.
Readers are reminded that CashUSA is not a lender but a referral platform. All loan terms and approvals are provided by independent third-party lenders. Rates, terms, and funding availability may vary and are subject to change. Always consult the official website for current information before applying.
Introduction — Understanding the Financial Struggles of 2025 Borrowers
Why Millions of Americans Are Turning to Alternative Lending Options in 2025
As the economic landscape continues to shift in 2025, more consumers than ever are facing challenges that traditional financial institutions aren’t equipped to solve. Inflation remains stubbornly high, wages have stagnated for much of the working class, and unexpected expenses—from car repairs to medical bills—are catching families off guard. In this climate, many people find themselves needing fast access to cash but lack the credit score or banking history to secure a traditional loan.
This has led to a dramatic increase in demand for no credit check personal loans. Consumers are actively searching for solutions that provide instant access to funds without the judgment of a hard inquiry on their credit reports. In the middle of this surge in alternative lending options stands CashUSA, one of the most well-known platforms catering specifically to borrowers with less-than-perfect credit profiles.
Why Traditional Lending Models No Longer Work for Most Consumers
Banks and credit unions have long maintained rigid approval processes built around high FICO score requirements, stable W-2 employment history, and narrow debt-to-income ratios. Unfortunately, those requirements disqualify a large segment of the population—including freelancers, gig workers, recent graduates, and anyone with a prior default or bankruptcy.
Even if someone qualifies, the process can be slow and cumbersome, with approvals taking days or even weeks. For people facing urgent financial needs, these delays are often not an option.
CashUSA offers an alternative. By acting as a fintech-powered loan marketplace rather than a direct lender, it connects borrowers to a wide network of potential loan partners willing to evaluate more than just a credit score.
How Fintech Platforms Like CashUSA Are Revolutionizing Personal Lending
In recent years, the growth of AI-driven lending platforms and alternative credit scoring models has transformed how lenders assess risk. Rather than relying solely on outdated FICO metrics, many CashUSA partners use data points like income flow, job consistency, and even mobile phone bill payments to determine eligibility.
This shift has made personal loans more accessible to people who might otherwise be excluded from the financial system. Platforms like CashUSA have embraced this mobile-first, digitally secure, and privacy-conscious approach, positioning themselves as the go-to for borrowers who need a lifeline and don’t want to deal with banks or predatory payday lenders.
CashUSA doesn’t guarantee approval, but its model offers an inclusive approach that aligns with what today’s borrowers actually need: speed, accessibility, and fairness.
What Is CashUSA? A 2025 Fintech Leader in Lending
An Overview of the CashUSA Lending Platform
CashUSA is a leading online personal loan marketplace that connects borrowers to a wide network of lenders, specializing in fast funding for people with poor or no credit. Unlike traditional banks that rely on rigid approval criteria, CashUSA operates as a bridge between individuals in need of quick cash and lenders open to evaluating more than just credit scores.
Rather than functioning as a direct lender, CashUSA streamlines the loan process through a centralized platform that simplifies how borrowers are matched with potential loan offers. The platform is entirely digital, allowing applicants to start and complete the process through a smartphone or computer — no office visits, faxing, or paper signatures required.
How CashUSA Operates as a Marketplace, Not a Lender
One of the most important distinctions to understand is that CashUSA is not the lender itself. It serves as a referral platform, aggregating offers from lenders who partner with them. After submitting an application, CashUSA distributes that request across its network, which may include traditional financial institutions, fintech startups, and specialty lenders focused on underserved credit markets.
Once a borrower is matched with an offer, the decision to accept or reject that loan — along with the final terms — lies solely with the third-party lender. CashUSA does not control interest rates, fees, or repayment policies. It simply facilitates the connection.
Disclaimer: CashUSA is not a direct lender. All loan terms are established by third-party providers and may vary. Always review the lender’s full terms before signing any agreement.
What Makes CashUSA Unique in Today’s Lending Ecosystem
In 2025, CashUSA stands out by combining the speed of fintech, the reach of nationwide lending networks, and the flexibility of no credit check approvals. This makes it particularly attractive for people who’ve been denied by conventional banks or are dealing with urgent financial issues like car repairs, rent, or medical expenses.
Key differentiators include:
- A quick and user-friendly application that takes just minutes
- Same-day funding availability (if approved early in the day)
- No cost to apply or get matched
- Data protection features using secure, encrypted channels
CashUSA also accommodates borrowers with irregular income, making it a viable option for freelancers, gig economy workers, and those living paycheck-to-paycheck. The company has evolved alongside rising consumer demand for fast, mobile-first financial solutions that minimize friction and reduce the stress typically associated with borrowing money.
The Pain Points of Traditional Lending — and How CashUSA Solves Them
Why Traditional Loans No Longer Serve the Needs of Most Borrowers
For many Americans, the process of getting a personal loan through a bank or credit union has become unnecessarily complicated. Borrowers are often met with a long list of documentation requirements, rigid credit score thresholds, and delayed decisions. Worse, even after weeks of waiting, there’s no guarantee of approval.
This traditional model leaves out a huge portion of the population — especially those with unstable income, low credit scores, or non-traditional employment. It also creates anxiety for those who need emergency funds within days, not weeks.
Pain Point #1: Credit Scores as a Barrier to Access
Credit scores are still the gatekeepers in most lending scenarios. A missed payment years ago, a sudden drop in income, or a medical emergency can cause a lasting dip in someone’s credit profile — making it nearly impossible to qualify for a standard loan. Unfortunately, this outdated model doesn’t reflect the full picture of financial responsibility.
CashUSA addresses this by working with lenders who often do not perform hard credit checks. Instead, many of its partners use alternative data — such as employment status, income flow, and even mobile payment history — to assess a borrower’s reliability.
Pain Point #2: Long Wait Times for Urgent Needs
In an emergency, time is everything. A car breakdown, overdue rent, or medical bill can’t wait for a two-week approval process. Traditional loans rarely offer same-day funding, especially for applicants with credit challenges.
CashUSA makes speed a core priority. The online application takes only a few minutes to complete, and once matched, many borrowers can receive funds as soon as the next business day if they accept and sign early.
Pain Point #3: Hidden Fees and Lack of Transparency
Many borrowers have been burned by unexpected fees, ballooning interest rates, and opaque repayment terms buried in fine print. Unfortunately, this remains common among payday lenders and even some online lending platforms.
CashUSA differentiates itself by providing full visibility into loan offers before commitment. Since CashUSA itself is not the lender, applicants are not obligated to accept any offer they receive. The platform encourages transparency, allowing borrowers to read the exact terms before moving forward.
Disclaimer: Loan terms vary by lender. It is the borrower’s responsibility to review the full contract details before accepting a loan through any partner lender.
A Lending Marketplace Designed for Real-Life Challenges
CashUSA’s approach resonates with people navigating the financial uncertainties of modern life. Whether it’s the freelancer without a steady paycheck or the single parent managing unexpected expenses, the platform connects users to lenders who understand that life doesn’t always follow a perfect script.
With features like no hard credit pull, mobile-first application access, and same-day funding options, CashUSA is engineered to reduce friction and open doors where others close them.
Who Should Use CashUSA?
Borrowers with Poor or No Credit History
One of the biggest strengths of CashUSA is its accessibility for individuals who have been turned away by traditional lenders. People with poor credit scores (typically under 580) or no formal credit history at all often find themselves ineligible for loans from banks or credit unions. Unfortunately, these are often the individuals who need funds the most — for everything from rent payments to urgent vehicle repairs.
CashUSA connects these borrowers to lenders willing to look beyond a single score. Many CashUSA lending partners evaluate employment status, income consistency, and alternative credit data rather than depending solely on FICO. For young adults, recent immigrants, or people recovering from bankruptcy, this inclusive lending approach can be a financial lifeline.
People Facing Emergency Financial Situations
Emergencies don’t wait for perfect timing. Whether it’s a sudden hospital visit, an overdue utility bill, or an unexpected job loss, millions of people in the U.S. are one crisis away from serious hardship. Traditional loans may take too long to approve, and payday loans often come with predatory terms and interest rates that can spiral out of control.
CashUSA offers a faster, more consumer-friendly alternative. Borrowers often receive their funds within 24 hours of approval, and there’s no obligation to accept any offer, allowing them to compare terms in real time. For people needing fast relief with minimal stress, this speed and flexibility make a significant difference.
Freelancers, Gig Workers, and the Self-Employed
The rise of remote work, freelancing, and gig platforms has created a large population of earners without W-2 forms or “traditional” income documentation. Unfortunately, many financial institutions still haven’t adapted their lending models to accommodate these working styles.
CashUSA, on the other hand, enables borrowers to apply without needing to meet rigid employment classifications. As long as the applicant can demonstrate a verifiable income stream, even from non-traditional sources like ride-sharing apps or freelance contracts, they may still qualify for a loan offer.
This is particularly beneficial in 2025, when millions of Americans are earning money outside the 9-to-5 mold. By embracing the needs of this evolving workforce, CashUSA positions itself as a more modern, flexible, and financially inclusive solution.
Borrowers Seeking a Frictionless Digital Experience
For many, convenience matters just as much as accessibility. CashUSA’s mobile-first and digitally streamlined platform appeals to users who expect to complete their loan applications from their phones, receive updates by text or email, and access documents electronically.
There are no in-person appointments or faxed forms required. Instead, the entire loan-matching process is managed online, usually in under 10 minutes — from application submission to seeing potential lender matches.
In a financial landscape increasingly defined by speed and user experience, CashUSA is built for borrowers who value both efficiency and simplicity.
The Application Process — How to Apply for a CashUSA Personal Loan
Step-by-Step Overview of the Loan Application Process
CashUSA has developed a simple and streamlined digital process that enables borrowers to apply for personal loans in just a few minutes. Unlike traditional financial institutions that often require long paperwork trails, in-person visits, or weeks of waiting, CashUSA’s interface makes loan matching fast and straightforward.
Here’s how it works:
- Fill Out the Online Form: The application begins on CashUSA.com, where users enter basic personal details including name, contact information, ZIP code, and income status.
- Specify Loan Needs: Applicants select the loan amount they’re seeking (typically between $500 and $10,000) and describe the intended use — whether for debt consolidation, emergency bills, rent, car repairs, or another purpose.
- Submit Financial Details: This includes employment status, monthly income, banking information (for deposit purposes), and residence type. Lenders use this to evaluate the borrower’s overall ability to repay.
- Get Matched with Lenders: Once submitted, CashUSA sends the request to its network of partnered lenders. If a match is found, the applicant is shown the lender’s terms and can review the full offer before proceeding.
- Review and Accept an Offer: If the borrower likes the terms — including repayment period, interest rate, and fees — they can digitally accept. Otherwise, they’re free to decline and exit the process.
- Receive Funds: For those who accept an offer early in the business day, funds may be deposited as soon as the next business day, depending on the lender’s processing time.
Disclaimer: Fund disbursement timing depends on individual lender policies and the time of application. Same-day or next-day funding is not guaranteed.
What You’ll Need to Apply
To complete the CashUSA application, borrowers should be prepared with:
- A valid government-issued ID
- Proof of income (such as bank statements or pay stubs)
- An active checking account
- A working phone number and email address
- U.S. citizenship or permanent residency
While some partnered lenders may require additional verification, the basic application is designed to be quick and minimally invasive. Importantly, most lenders do not perform a hard credit inquiry during this initial phase, helping protect the borrower’s credit score.
Who Qualifies for a CashUSA Loan?
CashUSA serves a wide audience, but borrowers generally must:
- Be at least 18 years old
- Have a monthly income of at least $1,000
- Have a checking account in their name
- Be a U.S. citizen or legal resident
Having bad credit does not disqualify an applicant. In fact, CashUSA is designed specifically to help borrowers with credit challenges. Many of the lenders in its network focus on alternative risk models that look beyond FICO scores.
The Advantage of No Hard Credit Pulls
One of the key benefits of using CashUSA is the absence of a hard credit inquiry during the initial application process. This means applying won’t negatively affect your credit score, giving borrowers a risk-free way to explore options before committing to a specific loan.
Later in the process, if a borrower accepts an offer and proceeds with a specific lender, that lender may perform a hard inquiry to finalize the agreement. However, at the matching stage, the borrower’s credit is protected.
CashUSA Loan Details Explained (Loan Terms, APR, and Repayment)
Understanding the Types of Loans Offered Through CashUSA
CashUSA connects borrowers to a range of personal loan offers, primarily from lenders who specialize in unsecured loans. These loans don’t require collateral, which means borrowers don’t need to put up property or other assets to qualify. Loan amounts generally range from $500 to $10,000, depending on the applicant’s profile and the lender’s criteria.
Each lender sets their own guidelines, so the exact terms may vary significantly. However, borrowers are always given the chance to review the complete offer before deciding whether to move forward.
Disclaimer: CashUSA is not a direct lender. Loan types and terms are determined solely by the third-party lending partners and may vary based on financial history, state of residence, and lender-specific criteria.
Loan Amounts and Funding Limits
Most lenders in the CashUSA network offer loans between $500 and $10,000. The actual amount a borrower qualifies for depends on several factors, including:
- Monthly income
- Employment status
- Debt-to-income ratio
- Banking history
- Lending laws in the borrower’s state
There’s no guarantee that the full requested amount will be offered, but the platform aims to connect users with the highest-value offer they may qualify for.
Disclaimer: Loan amounts are not guaranteed and may differ from the requested amount. Always verify with the lender before proceeding.
APR (Annual Percentage Rate) and Interest Rates
APR is one of the most critical elements of any loan — and it can vary widely depending on the lender. Through CashUSA, APRs often range between 5.99% and 35.99%, depending on borrower risk factors and the specific lender’s underwriting model.
Low APRs may be offered to those with steady income and favorable credit histories, while higher APRs are more common for borrowers with poor or limited credit profiles.
Disclaimer: APRs vary based on the lender and individual application details. Always review full APR terms on the official offer before acceptance. Check www.cashusa.com for the most up-to-date information, as rates are subject to change.
Repayment Terms and Flexibility
CashUSA’s lenders typically offer repayment terms ranging from 3 months to 72 months. The longer the repayment term, the smaller the monthly payment — but also the higher the total interest paid over time.
Some lenders allow borrowers to select repayment dates or even change payment due dates if needed. Others may charge a penalty for early repayment, though many offer no prepayment penalty, which allows users to save on interest by paying down their loan ahead of schedule.
Borrowers are strongly advised to read every detail of the repayment plan before accepting any loan, including:
- Monthly payment amount
- Total repayment amount
- Payment frequency (monthly, biweekly)
- Late fees or penalties
Disclaimer: Repayment flexibility depends on the individual lender. Be sure to request a repayment schedule and check for early repayment penalties before signing any agreement.
Understanding the Total Cost of the Loan
While the speed and accessibility of a loan are important, the true cost of borrowing must be clearly understood. Always factor in the total interest over the full loan term. A lower monthly payment might seem appealing, but if spread over five years at a high APR, it can significantly increase the cost of borrowing.
CashUSA provides the platform to compare offers and see the total repayment amount upfront — a crucial benefit over other fast-loan providers that hide these details in the fine print.
Real User Reviews: What Are People Saying About CashUSA in 2025?
Why Consumer Feedback Matters in the Lending Space
In the world of online lending, trust is everything. With so many digital platforms promising fast money and easy approval, borrowers need real-world insights to separate legitimate solutions from predatory traps. That’s where user reviews come in. Hearing directly from people who’ve used CashUSA can help potential borrowers decide whether this service aligns with their financial goals and expectations.
Online reviews also highlight important aspects of the borrower experience — from application speed to customer service quality — that aren’t always clear from a company’s own promotional materials.
Positive Experiences Shared by Verified Users
Many borrowers appreciate CashUSA’s fast application process, non-intrusive credit policies, and ability to quickly connect them with real loan offers. In 2025, the feedback continues to reflect the platform’s strengths in accessibility, speed, and ease of use.
Here are a few consistent themes found in user-submitted reviews on platforms like Trustpilot and the Better Business Bureau:
- “I had bad credit and was still able to get matched with a lender. Funds hit my account the next day.”
- “The process was way easier than I expected. I applied during my lunch break and had multiple offers before dinner.”
- “I liked that there was no pressure to accept anything. I saw my options and only moved forward when the offer felt right.”
Borrowers frequently mention that CashUSA is helpful for urgent cash needs — such as car repairs or unexpected utility bills — and is often less stressful than trying to get a traditional loan.
Constructive Criticism and Limitations Highlighted by Users
No service is perfect, and CashUSA is no exception. Some reviewers note that:
- Not all applicants receive offers, especially if income is very low or unverifiable.
- Certain lenders present high APRs, which may not be suitable for long-term borrowing.
- Some users confuse CashUSA as the lender, when in fact it is a referral marketplace.
It’s important for applicants to understand that CashUSA doesn’t control the terms of any loan — it simply provides access to third-party offers. Each lender has its own approval requirements and repayment guidelines, which can vary significantly.
Disclaimer: Individual experiences will vary. CashUSA does not guarantee approval, rates, or specific loan terms. Be sure to read all disclosures provided by the lender before signing any agreement.
Overall Satisfaction and Trust Score Trends in 2025
As of 2025, CashUSA continues to maintain generally favorable consumer ratings, especially for its transparency, ease of use, and suitability for people with limited credit access. While some complaints are related to misunderstandings about the platform’s role, the majority of users express relief at finding a non-judgmental, efficient path to emergency funding.
With so many lenders using complex language and hidden fees, many borrowers are grateful for the clarity and comparison CashUSA provides.
Comparing CashUSA to Other Top Lending Platforms
CashUSA vs Payday Loans
Payday loans are often marketed as quick fixes for financial emergencies, but they come with significant downsides: ultra-short repayment terms, extremely high interest rates, and severe penalties for missed payments. While they may seem convenient, they can trap borrowers in a cycle of debt due to APR rates that sometimes exceed 400%.
CashUSA, by contrast, connects borrowers with personal loan providers offering more reasonable APRs, longer repayment periods, and no hidden rollover fees. Unlike payday loans, these offers are designed with repayment in mind, not long-term dependency.
The key difference is transparency and structure. Most CashUSA lenders provide clear, upfront terms and allow you to repay in manageable monthly installments — not within days or weeks.
CashUSA vs Traditional Bank Loans
Bank loans typically offer competitive interest rates — but only if your credit score is high, your income is stable, and you have a solid financial track record. For people with average or below-average credit, these institutions are often out of reach. Approval can take weeks, and the documentation process is often intense and time-consuming.
CashUSA simplifies this by allowing borrowers to apply online in just minutes and receive offers without any initial hard credit pull. Many users with fair or even poor credit are matched with lenders willing to consider them based on employment, income, and alternative credit data — not just a FICO score.
This makes CashUSA a more accessible and time-efficient choice for people who don’t meet the rigid standards of traditional banks.
CashUSA vs Other Online Loan Marketplaces
There are several other platforms offering online loan matching services, such as:
- PersonalLoans.com
- BadCreditLoans.com
- Avant
- LendingClub
While each has its merits, CashUSA is often praised for its wide lender network, simple interface, and emphasis on quick access without traditional credit checks. It’s also one of the few that does not charge any fees for the application or matching process.
Some competing platforms may limit loan amounts or charge service fees, while others may not work with lenders that cater to borrowers with sub-600 credit scores.
CashUSA’s combination of speed, accessibility, and broad eligibility makes it one of the top-tier options in 2025 for anyone exploring personal loans with credit concerns.
Why CashUSA Stands Out in 2025
In the current financial climate, where many people are navigating job changes, rising expenses, or unplanned emergencies, CashUSA offers a solution that feels more adaptive to real-world needs.
Key advantages include:
- No application fees or commitment
- Fast approvals with potential next-day funding
- High transparency in lender offers
- Flexibility in repayment terms
- No hard credit pull during initial application
Disclaimer: Terms, funding speed, and approval outcomes may vary by lender. Always verify full loan terms and conditions through the official website or your lender’s disclosures.
CashUSA may not be the right solution for every borrower, but for those prioritizing speed, simplicity, and accessibility, it remains one of the most competitive personal loan platforms on the market today.
Security, Support, and Privacy Policies
Is CashUSA Safe to Use for Online Loan Applications?
Security is a top concern for anyone sharing personal and financial information online. CashUSA addresses this with bank-grade encryption protocols that safeguard sensitive data during transmission. The platform uses 256-bit SSL encryption, a standard commonly used by major financial institutions, to ensure your information remains private and protected from unauthorized access.
CashUSA also maintains a secure connection between the borrower and the lender — once you are matched, communication is conducted through protected channels. This prevents data leaks and limits exposure to potential third-party misuse.
Disclaimer: While CashUSA uses industry-standard security measures, no platform can guarantee 100% protection against cyber threats. Users should avoid submitting applications on public Wi-Fi or shared devices.
What Happens to Your Information After You Apply?
CashUSA collects personal information strictly for the purpose of loan matching. This may include your name, address, phone number, income level, employment details, and banking information.
This data is only shared with partnered lenders in their network for the purpose of evaluating your loan request. CashUSA does not sell your information to unrelated third parties or use it for marketing without consent.
Borrowers have the option to review CashUSA’s privacy policy in full on their official website. Additionally, users can opt out of communications or request data removal by contacting customer service.
Customer Support Options and Contact Info
Although CashUSA is primarily a digital service, it offers customer support via:
- Email support through their contact form
- Phone assistance via the number provided on their official contact page
- Educational resources and FAQs available on the site for quick answers
It’s worth noting that while CashUSA provides help navigating their platform, any loan-related questions (rates, repayment, changes to terms) must be directed to the individual lender you’re matched with.
Transparency and Third-Party Accountability
Because CashUSA is not the lender, it plays a limited role once the match is made. However, the company maintains high standards of transparency by:
- Not charging borrowers for access to its services
- Providing complete lender details before any agreement is signed
- Requiring partner lenders to clearly disclose terms, fees, and repayment structures
Disclaimer: Borrowers are strongly advised to read all loan documents carefully and confirm the identity of any lender they are matched with. If an offer feels suspicious, you should decline and report it to CashUSA’s support team.
Pricing, Fees & Refunds — Know Before You Commit
Does CashUSA Charge a Fee to Use the Platform?
One of CashUSA’s standout features is that it does not charge borrowers any fees to apply or use the platform. There is no cost to fill out the loan request form, get matched with lenders, or review loan offers. This zero-cost access makes it a low-risk tool for people seeking financing without having to commit upfront.
It’s important to note, however, that while CashUSA itself is free, the lenders you’re matched with may apply fees, interest charges, or penalties based on the loan terms they offer.
Disclaimer: CashUSA is not a lender and does not control the fees or rates charged by its lending partners. Always review the full loan disclosure provided by the lender before signing.
Understanding Loan Fees and Interest Rates
While some lenders offer low APRs (as little as 5.99% for qualified applicants), others may present higher rates, especially for borrowers with poor or limited credit history. APRs can reach up to 35.99% in some cases — which is still significantly lower than many payday or title loans.
Common lender-applied fees include:
- Origination Fees (usually 1%–5% of the loan total)
- Late Payment Fees
- Non-Sufficient Funds (NSF) Fees
- Early Repayment Clauses (some charge, though many do not)
Borrowers should read the Truth-in-Lending Act (TILA) disclosures provided by the lender to see a breakdown of all applicable costs before proceeding.
Disclaimer: Pricing, interest rates, and fees are set individually by each lender. These details may change at any time. Always verify the latest information on the official CashUSA website or directly with the matched lender.
Are There Prepayment Penalties?
Some lenders within the CashUSA network allow borrowers to pay off their loans early without penalty — which can help reduce the total amount of interest paid over time. However, this isn’t universal.
Always check whether your lender includes prepayment penalty clauses in the contract. If your goal is to borrow short-term and repay quickly, selecting a lender that waives prepayment fees can save money in the long run.
What If You Change Your Mind After Accepting a Loan?
Once a loan offer is accepted and the funds are disbursed, borrowers are bound by the repayment agreement signed with the lender. However, some lenders offer a short cancellation period (e.g., 24 to 48 hours) during which borrowers may cancel the loan without penalty — but this must be clarified in advance.
If the lender doesn’t offer such a window, the borrower will be required to repay the full loan plus any applicable interest and fees.
Disclaimer: Cancellation and refund policies vary by lender. CashUSA cannot reverse a disbursed loan. Contact your lender directly to explore any cancellation options.
Always Confirm Details with the Official Source
The terms offered through CashUSA’s lending network are not static — they can vary depending on lender policies, borrower qualifications, and even geographic location. Because of this, it’s essential to verify all rates, fees, and timelines before accepting any offer.
Disclaimer: Prices, fees, and interest rates are subject to change. For the most accurate and up-to-date loan details, visit www.cashusa.com and review the disclosures provided by the matched lender before proceeding.
Disclaimers to Keep in Mind (Transparency Section)
CashUSA Is Not a Direct Lender
One of the most important things borrowers should understand is that CashUSA is not a lender. It does not issue loans, set interest rates, or determine repayment terms. Instead, it serves as a digital loan marketplace, matching applicants with third-party lenders based on their submitted profile.
Once a match is made, all loan details — including APR, fees, funding speed, and repayment terms — are managed entirely by the lending partner. Borrowers must review and accept these terms directly with that lender, not with CashUSA.
Disclaimer: CashUSA does not fund loans or make credit decisions. Final loan terms are determined solely by the lender and may vary based on creditworthiness, income, and other criteria.
Loan Approval Is Not Guaranteed
While CashUSA is designed to assist borrowers with poor or limited credit, it does not guarantee that every applicant will receive a loan offer. Approval is still subject to lender evaluation and may depend on factors like:
- Verified income
- State of residence
- Employment status
- Minimum age and citizenship
Some borrowers may receive multiple offers, while others may not qualify at all. CashUSA provides access — but it is up to the lender to determine eligibility.
Disclaimer: Submission of an application does not guarantee loan approval or any specific offer. All lending decisions are made by third-party lenders.
Terms, Fees, and APRs May Vary Widely
Each lender in the CashUSA network has their own underwriting model. As a result, loan terms can differ significantly from one offer to the next. Factors that affect loan conditions include:
- Credit and banking history
- Requested loan amount
- Duration of the loan
- Lender risk tolerance
Borrowers are strongly advised to compare offers carefully, especially when considering long-term loans with higher APRs.
Disclaimer: Always read the full loan agreement before signing. Interest rates, fees, and repayment terms are controlled by the lender and are subject to change at any time.
Always Verify Current Information Through Official Sources
Loan details can fluctuate based on market conditions, lender policies, and applicant-specific data. Because of this, any examples or figures mentioned in this article — including APR ranges, loan amounts, or fee structures — should be treated as general estimates only.
To avoid confusion, borrowers should consult the official website and carefully read all lender disclosures before finalizing any agreement.
Disclaimer: For the most accurate and up-to-date information, visit www.cashusa.com. Pricing and availability are subject to change without notice. Always confirm loan terms with the lender before proceeding.
Final Verdict: Is CashUSA the Best No Credit Check Loan Option in 2025?
Summing Up the Strengths of CashUSA
In a lending landscape crowded with rigid banks and risky payday loan providers, CashUSA has carved out a compelling position as a trusted, tech-driven loan matching service for borrowers who are underserved by the traditional financial system. By providing access to a wide lender network, avoiding hard credit checks during initial inquiry, and offering same-day funding potential, it checks many of the boxes that modern borrowers are searching for.
Some of the most notable advantages include:
- Fast and mobile-friendly application
- No cost to use or apply
- No initial hard credit pull
- Broad lender access for applicants with poor or no credit
- Loan amounts up to $10,000
- Transparent offers with no obligation to accept
CashUSA’s strength lies in its simplicity and inclusivity — it’s a platform that serves real-world needs without gatekeeping access to capital.
Who Should Seriously Consider CashUSA
CashUSA is ideal for:
- Borrowers with low or no credit scores
- Freelancers or gig workers with non-traditional income streams
- Individuals facing urgent financial needs who don’t have time to wait weeks for bank approval
- Anyone who wants to compare multiple loan offers without commitment
For those who fit this profile, CashUSA offers one of the most accessible and streamlined paths to personal loan funding available in 2025.
Who Might Want to Explore Other Options
CashUSA may not be the best fit for:
- Borrowers with excellent credit who can qualify for lower rates from credit unions or direct banks
- People seeking secured loans or loans over $10,000
- Those who prefer to work with a local lender in-person rather than an online interface
If you prioritize ultra-low interest rates and have strong credit, you may get better long-term value from a traditional financial institution. However, even in those cases, CashUSA can serve as a useful comparison tool.
Disclaimer: Always compare multiple lending options and review all associated terms and costs before choosing any personal loan provider.
Verdict: A Top-Tier Choice for 2025’s Financial Realities
In a year defined by inflation pressures, non-traditional work, and rising financial emergencies, CashUSA delivers what most borrowers actually need — speed, flexibility, and access without judgment. It stands out not just for what it offers, but for what it removes: complexity, gatekeeping, and credit-score shame.
For borrowers navigating unpredictable terrain, CashUSA is one of the most reliable no credit check lending platforms of 2025, offering a bridge to liquidity when it’s needed most.
Common Questions About CashUSA Answered (FAQs)
Does CashUSA Perform a Hard Credit Check?
No, CashUSA does not perform a hard credit inquiry when you submit your initial loan request. Instead, your application is shared with a network of lenders who may use a soft credit pull or alternative data to assess your eligibility. This means your credit score is not affected just by applying through the CashUSA platform.
However, if you choose to move forward with a specific lender and accept their loan offer, that lender may conduct a hard inquiry as part of their final approval process.
Disclaimer: Credit check policies vary by lender. Always review the lender’s terms regarding soft vs. hard inquiries before accepting a loan.
Can I Get a Loan from CashUSA Without a Job?
Employment is a factor in the loan decision process, but being unemployed does not automatically disqualify you. What lenders are looking for is verifiable, consistent income. This could come from sources such as:
- Government benefits
- Disability payments
- Social Security income
- Self-employment or freelance work
- Alimony or legal settlements
CashUSA’s lenders are generally open to applicants with non-traditional income streams, which is part of what makes the platform more inclusive than many traditional financial institutions.
How Fast Can I Receive My Funds?
In many cases, borrowers who are matched with a lender and accept the offer early in the day can receive funds as soon as the next business day. Funding speed depends on a few factors:
- Time of day the loan is accepted
- The lender’s processing and disbursement schedule
- The borrower’s bank policies regarding incoming transfers
Disclaimer: CashUSA does not guarantee same-day or next-day funding. Time to funding varies by lender and borrower banking institution.
Is My Personal Information Safe with CashUSA?
Yes, CashUSA uses secure 256-bit SSL encryption to protect all information submitted on its website. Personal and financial details are only shared with relevant lending partners for the purpose of evaluating your loan request. The platform also follows strict data handling practices to minimize risk.
For further details, borrowers can read the full privacy policy available at cashusa.com.
Disclaimer: While the platform uses industry-standard security measures, users should still avoid applying from public Wi-Fi or unsecured devices.
Can I Cancel My Loan After It’s Been Approved?
Once a lender has approved your application and disbursed funds into your account, you’re bound by the loan agreement. However, some lenders may offer a short grace period in which you can cancel the loan or return the funds without incurring a penalty.
If you need to cancel a loan after accepting it, contact your lender immediately. CashUSA customer support cannot cancel loans once they’ve been finalized with a lender.
What If I Miss a Payment?
Missing a loan payment can result in:
- Late fees and penalties
- Damage to your credit score (if the lender reports to credit bureaus)
- Increased interest or default status
If you anticipate difficulty making a payment, contact your lender as early as possible. Some lenders may offer payment plan modifications or deferment options depending on your circumstances.
Disclaimer: Each lender sets its own policies for late payments and defaults. Always review the terms of your loan agreement thoroughly before signing.
Will Using CashUSA Hurt My Credit Score?
No, applying through CashUSA will not affect your credit score during the initial inquiry phase. The platform only conducts a soft credit check to connect you with potential lenders. This is important for borrowers concerned about protecting their credit rating while exploring loan options.
Only if you proceed with a loan offer from a specific lender might a hard credit check occur — and even then, it happens after you’ve reviewed the terms and chosen to move forward.
This approach makes CashUSA ideal for people seeking no credit check personal loan options in 2025.
What Types of Personal Loans Can I Use CashUSA For?
CashUSA facilitates access to unsecured personal loans that can be used for nearly any purpose, including:
- Emergency medical expenses
- Rent or mortgage gaps
- Utility bills or home repairs
- Debt consolidation
- Travel, education, or moving costs
Since the platform connects you with lenders offering flexible terms and no upfront credit check, it’s a great fit for borrowers looking for multi-purpose loans without judgment based on credit score alone.
How Is CashUSA Different from Direct Lenders?
CashUSA is not a lender — it’s a loan referral marketplace that connects borrowers with a network of online personal loan providers. This gives users access to multiple offers from competing lenders, improving the chance of finding better rates or more flexible repayment options.
Unlike direct lenders, who typically offer a fixed set of terms, CashUSA’s network may include:
- Lenders using alternative credit data
- Providers specializing in bad credit loans
- Lenders offering fast funding and mobile-first applications
This broader scope makes CashUSA one of the best fintech-powered lending platforms for borrowers who want comparison and control.
Is There a Minimum Credit Score Requirement to Use CashUSA?
No, there is no minimum credit score required to submit a loan request on CashUSA. The platform was designed to help individuals with poor credit, limited credit history, or even no credit score at all.
Many of the lenders in CashUSA’s network use alternative data points — like income history and employment stability — rather than relying exclusively on a traditional FICO score.
This makes it one of the most inclusive options for accessing personal loans without a credit check in today’s evolving financial ecosystem.
- Company: CashUSA
- Email: support@cashusa.com
- Order Phone Support: 866-973-6587
Disclaimers and Disclosures
General Disclaimer:
The content presented in this article is provided strictly for informational and educational purposes only. It does not constitute professional financial advice, legal advice, credit counseling, or loan underwriting recommendations. The publisher, authors, editors, and all affiliated syndication partners make no representations or warranties as to the accuracy, completeness, or suitability of any information contained herein. While reasonable efforts have been made to ensure factual accuracy at the time of publication, errors, omissions, or outdated information may exist. The publisher, authors, editors, and all affiliated parties expressly disclaim all liability for any inaccuracies, typographical errors, or incomplete information contained within this content.Readers are strongly encouraged to independently verify any statements, statistics, or figures provided herein by consulting official sources or professional advisors. Any decisions made based on the information provided in this content are done solely at the reader’s own risk. Neither the publisher, its contributors, nor its syndication partners shall be held liable for any damages, financial loss, or adverse outcomes arising from reliance on the information provided.
Customer Notice:
If you are facing serious financial difficulties, you should consider alternative options and may want to seek professional financial advice.Legal Notice:
CashUSA.com’s Terms & Conditions and Privacy Policy apply to the use of this website and its services. The Privacy Policy also acts as your privacy notice.Not a Lender, Broker or Creditor:
The owners and operators of this site and the network(s) used by this site are not lenders or brokers, are not creditors, do not offer loans, do not make loans, do not broker loans, and do not make any credit decisions. This site’s only involvement with loan offers obtained through lenders or lending partners in its network is to transmit loan request information to those lenders or lending partners and to connect users with them if they choose to extend a loan offer. This site exercises no control over the lenders or lending partners in its network and is not responsible for their actions, decisions, or offers. This site is not an agent or representative of any lender or lending partner. Any loan request submitted through this site does not constitute a loan application.We Are Paid by Lenders, Lender Networks, and Other Advertisers:
CashUSA.com offers a free, for-profit, advertiser-supported loan connection service to consumers. Lenders in its network and third-party lender networks utilized by this site pay compensation to the site if a lender offers a loan to a consumer after reviewing their information. Compensation also impacts which lender the consumer may be connected with. In many cases, this site uses a “ping-tree” or similar bidding process, whereby the highest bidder is connected to the consumer. Therefore, if a consumer receives a loan offer, it is likely from the highest bidder—not necessarily from the lender offering the most favorable terms. Consumers are strongly advised to review all options and never assume that any loan offer received through this service represents the best loan available to them. This site may also receive compensation from other advertisers in other forms. For more details, please refer to the site’s advertising disclosure.Credit Checks:
By submitting a loan request through CashUSA.com, users instruct and authorize lenders, lending partners in its network, and/or other intermediaries to obtain consumer report information from their credit profile in order to conduct credit checks, verify submitted information (including but not limited to Social Security number and/or driver’s license number), review creditworthiness, prequalify the user, and/or determine eligibility for certain credit terms. Users also authorize CashUSA.com to share their information with lenders and lending partners in its network.Availability:
Loan terms, conditions, product types, and availability may vary by state. Many factors about the user and the submitted loan request information will affect the loan terms offered. Not all applicants will qualify for all loan types or terms, and not all loan types or terms are available in all areas. Consumers are strongly advised to carefully review all loan offers and options available to them and to never assume that any offer received through this platform represents the best loan option available.Syndication and Liability Disclaimer:
The publisher of this content, including any and all syndication partners and distribution channels, shall not be held liable for any financial outcomes, damages, claims, or losses incurred by any individual or entity as a result of reliance on the information provided herein. This disclaimer extends to all republished, distributed, or otherwise syndicated versions of this content, regardless of the platform or medium. The content is provided “as is” without warranties of any kind, either express or implied.By accessing or using the information in this article, the reader agrees to release the publisher, authors, editors, syndication partners, and affiliated entities from any and all liability, claims, damages, or legal actions arising from reliance on this content or from engaging with any services, lenders, or offers referenced herein.
Readers are urged to consult official sources, financial professionals, or legal advisors before making any financial decisions.
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MIL-OSI: PersonalLoans Under Review: Best Instant Payday Loans Online with Guaranteed Approval
Source: GlobeNewswire (MIL-OSI)
New York, May 08, 2025 (GLOBE NEWSWIRE) —
In This Article, You’ll Discover:
- How instant payday loans online can help in urgent financial situations
- Why guaranteed approval payday loans are in high demand in 2025
- The benefits of using PersonalLoans.com as a trusted digital lending platform
- Key differences between no-credit-check payday loans and traditional lending
- Step-by-step instructions for applying through PersonalLoans.com
- What to expect regarding loan terms, APRs, and funding timelines
- Real-life borrower examples highlighting how fast cash loans online have been used effectively
- The most important financial wellness tips for responsible borrowing
- What to look out for when comparing same-day payday loan providers
- Disclaimers and pricing information to help protect borrowers and ensure transparency
TL;DR: PersonalLoans Under Review – Best Instant Payday Loans Online with Guaranteed Approval
If you’re looking for instant payday loans online with guaranteed approval, PersonalLoans.com stands out as one of the top digital lending platforms in 2025. With access to a network of vetted lenders, the site offers users a simple way to apply for fast cash loans, even with bad credit. This review explores how same-day payday loans, no credit check options, and emergency payday loan solutions can help address real financial pain points when time is critical. Readers will find a detailed walkthrough of the application process, loan eligibility, flexible repayment options, and tips for borrowing responsibly.
Introduction
The Growing Demand for Fast and Accessible Financial Relief
In today’s unpredictable economy, many Americans face sudden expenses that they can’t wait for payday. Whether it’s a surprise car repair, a medical co-pay, or an overdue utility bill, the need for immediate financial support is becoming more common. Unfortunately, traditional bank loans aren’t always an option, especially for people with bad credit or no established financial history.
The process of applying at a local bank or credit union often includes long wait times, extensive paperwork, and high eligibility thresholds. That’s where the demand for instant payday loans online and guaranteed approval loan platforms has surged, offering quick and more accessible alternatives through digital lending platforms.
Introducing a Trusted Solution: PersonalLoans.com
For those in need of same-day payday loans, PersonalLoans.com serves as a leading online marketplace, streamlining the loan matching process for borrowers across various credit backgrounds. The platform doesn’t issue loans directly but connects users with a wide network of lenders offering fast cash loans online, often without the hassle of traditional credit checks. This approach has made PersonalLoans.com a go-to resource for individuals seeking emergency payday loans and quick approval without the high interest rates or risks typically associated with predatory lenders.
With loan amounts ranging from $250 up to $35,000, and flexible repayment terms, PersonalLoans.com supports financial empowerment and smart borrowing strategies for those navigating life’s unexpected financial hurdles.
Disclaimer: PersonalLoans.com does not directly issue loans. All loan terms and approval decisions are made by participating lenders. “Guaranteed approval” refers to the high likelihood of being matched with a lender, not an assured loan offer.
Understanding the Financial Struggles
Why Consumers Are Turning to Instant Payday Loans Online
Millions of individuals in the U.S. today live paycheck to paycheck. When a sudden financial emergency arises—whether it’s a medical expense, utility shutoff, home repair, or auto issue—it often becomes a crisis. The inability to cover unexpected bills on time can lead to cascading consequences such as late fees, credit score damage, and increased stress. For many, the traditional financial system doesn’t offer fast enough solutions.
Conventional lending channels, such as banks and credit unions, typically involve lengthy approval processes, detailed documentation, and rigid credit score requirements. These limitations exclude many working adults from accessing the help they need when they need it most. In contrast, instant payday loans online offer a streamlined, accessible option to get fast cash without the usual friction.
The Challenges of Poor Credit or No Credit History
One of the biggest financial pain points is being denied help based on a poor or nonexistent credit history. For borrowers who’ve faced hardship, medical debt, or unstable employment in the past, banks may see them as high-risk. This is where no credit check payday loans become a lifeline—offering guaranteed approval options that prioritize real-time needs over legacy credit evaluations.
Platforms like PersonalLoans.com use a wide network of lenders who consider multiple data points, not just a borrower’s FICO score. This approach makes online payday loans for bad credit far more attainable than traditional borrowing, especially in emergency scenarios.
The Emotional and Practical Cost of Waiting
Time is critical in financial emergencies. Waiting days—or even weeks—for a loan to process can be devastating. Not being able to pay rent, utilities, or medical bills on time can lead to eviction notices, service disconnections, or a lack of access to care. This often adds anxiety and a sense of helplessness on top of the financial burden.
Same-day payday loans and emergency payday loans solve this timing issue by offering quick decisions and funding, sometimes in as little as 24 hours. Platforms like PersonalLoans.com prioritize speed, convenience, and borrower access through a secure digital lending platform that works across devices.
Financial Gaps in the Current Economy
Even those with steady jobs can be underprepared for surprise expenses. The gig economy, rising inflation, and high healthcare costs contribute to an environment where even a minor disruption—like losing a shift at work or needing to travel for a family emergency—can cause serious strain. According to recent fintech trends, more consumers are looking for mobile-friendly loan services that provide fast cash loans online without requiring in-person appointments or long waits.
This growing need has made PersonalLoans.com a trusted name in fintech solutions for short-term lending, delivering more equitable access to funds for a broader range of consumers.
Disclaimer: Not all applicants will qualify for the same-day funding. Loan approvals and terms are determined by participating lenders and are subject to change. Always verify full details on the official website before making financial commitments.
Introducing PersonalLoans.com
A Trusted Gateway to Fast, Flexible Loan Options
PersonalLoans.comisn’t a direct lender—it’s an advanced digital lending platform that connects borrowers with a wide network of reputable lenders. Since its launch in 2001, the platform has built a strong reputation for helping individuals quickly and efficiently find instant payday loans online with guaranteed approval potential, especially during urgent financial circumstances.
By simplifying the borrowing experience and offering access to multiple lenders in one place, PersonalLoans.com has become a preferred destination for those looking for same-day payday loans, even with bad credit or a limited financial history.
Key Product Features at a Glance
Through PersonalLoans.com, borrowers can apply for a range of unsecured personal loans. Here’s a breakdown of the loan features typically available through its network of lenders:
- Loan Amounts: $250 – $35,000
- APR Range: 5.99% – 35.99% (subject to lender)
- Repayment Terms: 3 to 72 months
- Credit Types Accepted: Good, fair, poor, and limited credit history
- Funding Timeframe: Often by the next business day
- Fees: No application or prepayment penalties
Disclaimer: Rates, amounts, and approval timeframes vary by lender. Always verify individual loan terms on the official website. Pricing and terms may change at any time.
Simple and Secure Application Process
The platform emphasizes financial empowerment through ease of use. Here’s how the process works:
- Start Online: Visit PersonalLoans.com and complete a brief online application.
- Match With Lenders: The platform searches its network to match you with lenders most likely to approve your request.
- Review Offers: If matched, you’ll receive one or more conditional offers with interest rates, loan terms, and repayment plans.
- Finalize Your Choice: Select a loan offer and complete the lender’s required steps, such as identity or income verification.
- Get Funded: If approved, funds are deposited directly into your account, sometimes as quickly as the next business day.
This process is mobile-optimized, encrypted for security, and designed to ensure access 24/7—supporting users who may need emergency payday loans at any time, from any device.
Types of Loans Offered
While the platform is commonly associated with fast cash loans online, it supports multiple use cases:
- Debt Consolidation: Merge multiple high-interest debts into one manageable loan
- Emergency Expenses: Medical bills, urgent travel, car repairs, or home fixes
- Major Purchases: Appliances, technology, or large household items
- Unexpected Bills: Utilities, childcare, or last-minute obligations
In each case, PersonalLoans.com helps make funds accessible without collateral, which is why it’s become a trusted option among those seeking no credit check payday loans or quick payday loans online.
Support for All Credit Profiles
PersonalLoans.com is one of the few platforms designed to support borrowers across the full credit spectrum. Whether you have excellent credit or have faced setbacks in the past, the platform seeks to find suitable matches based on your financial profile and income, not just a number.
This makes it ideal for:
- Bad credit borrowers looking for real options
- Self-employed individuals or gig workers without traditional pay stubs
- Young adults building credit from scratch
- Those recently denied by traditional banks
By working with lenders that employ modern underwriting practices, such as AI-driven loan approvals and real-time decision-making, PersonalLoans.com helps more people access the funds they need responsibly.
Disclaimer: Matching with a lender does not guarantee loan approval or funding. Lender requirements vary. Always confirm loan terms directly on the lender’s site before accepting any offer.
Why PersonalLoans.com Stands Out
A Modern Fintech Solution for Urgent Borrowing Needs
When compared to traditional loan avenues or even other online lending platforms, PersonalLoans.com distinguishes itself through convenience, speed, flexibility, and inclusivity. As a fintech solution committed to supporting real-world borrowing needs, the platform uses advanced digital infrastructure to streamline approvals while eliminating the frustration and friction of conventional loans.
For borrowers navigating time-sensitive expenses—especially those needing fast cash loans online—PersonalLoans.com delivers what many cannot: real-time lender matches, high approval potential, and flexible loan structures, all within a mobile-friendly environment.
Fast Matching Across a Broad Network of Lenders
Rather than relying on one-size-fits-all underwriting, PersonalLoans.com connects users with a broad spectrum of vetted lenders. This significantly increases the odds of finding a loan match tailored to your personal credit profile and income situation. Whether you’re seeking no credit check payday loans, same-day payday loans, or something longer term, the platform’s diverse lender network offers a wide variety of options.
In practice, this means that even applicants with poor credit or inconsistent employment histories may find access to essential short-term financial relief—especially in times of urgent need.
Flexibility to Fit Real Life
Borrowers who are approved through PersonalLoans.com can typically choose from a variety of:
- Loan amounts ranging from $250 to $35,000
- Repayment terms between 3 and 72 months
- Funding timelines as soon as the next business day
- Fixed APRs that are clearly disclosed in loan offers
This flexibility helps users address their specific financial situation—whether they need to consolidate debt, cover an unexpected expense, or simply bridge a cash flow gap.
Disclaimer: Loan features, repayment timelines, and interest rates are determined by the individual lender and may vary. Always review full details before accepting any loan offer.
Transparent Borrowing Without Hidden Fees
One of the key frustrations borrowers face is the presence of hidden fees or misleading interest terms. PersonalLoans.com helps alleviate these concerns by offering a transparent application process with no upfront charges, no obligation to accept offers, and clear terms provided by lenders.
Because the platform itself does not charge borrowers for matching services, users can review offers and walk away at no cost if none meet their expectations.
Secure and Private Application Experience
Borrowers are often concerned about sharing sensitive financial information online, and rightfully so. PersonalLoans.com uses bank-level encryption and data protection protocols to ensure that your personal details remain secure throughout the application and matching process. The platform is also compliant with relevant data privacy standards, which adds an additional layer of trust.
This focus on digital security positions PersonalLoans.com as a leading example of responsible fintech infrastructure, making it easier and safer for users to access emergency payday loans online.
Responsive Customer Support
Though the entire platform is designed for self-service convenience, PersonalLoans.com does offer responsive customer assistance for those needing additional help. Whether you have questions about the application steps, a specific lender match, or post-application concerns, the support team is available to guide users through the process.
This attention to service is especially helpful for first-time borrowers or those feeling unsure about navigating the world of online payday loans for bad credit.
Addressing Common Concerns
Will Applying for an Online Payday Loan Hurt My Credit?
One of the most frequent questions from potential borrowers is whether using platforms like PersonalLoans.com will negatively impact their credit score. Here’s the good news: the initial application process typically involves a soft credit check, which does not affect your credit score.
Once a borrower accepts a loan offer and proceeds with a specific lender, a hard inquiry may be performed. This is standard across the industry and may temporarily reduce a credit score by a few points. However, successfully repaying a loan on time can actually help build or improve your credit over time.
Disclaimer: Credit score impact varies depending on the lender’s practices and your personal financial history. Always review how your chosen lender reports to credit bureaus before accepting a loan offer.
Understanding Interest Rates and Repayment Terms
A common concern among those seeking instant payday loans online is the potential for extremely high interest rates. While this is often the case with traditional payday lenders, the PersonalLoans.com platform provides access to a range of lenders offering competitive APRs, typically from 5.99% to 35.99%, based on creditworthiness.
Borrowers can also select repayment terms that range from a few months up to six years. This flexibility allows users to better manage their budgets and avoid the trap of short-term, high-interest debt.
Key repayment benefits:
- No prepayment penalties if you decide to pay off early
- Clear repayment schedules are provided upfront
- Fixed monthly payments so there are no surprises
Disclaimer: All APR ranges and repayment options are determined by individual lenders. Be sure to review the official loan agreement carefully before signing.
Can I Get a Loan Without a Credit Check?
Borrowers with poor credit—or no credit history—are often rejected by banks, making no credit check payday loans highly appealing. While PersonalLoans.com does not guarantee a lender will skip credit evaluation altogether, many lenders on the platform use alternative data like income, employment status, and bank history to evaluate risk.
This means even those with bad credit have a high likelihood of matching with a lender through the platform. These flexible assessments are part of why PersonalLoans.com is considered one of the best options for online payday loans for bad credit in 2025.
Is Collateral Required?
No. All loan types available through PersonalLoans.com’s lender network are unsecured personal loans, which means you won’t need to put up a vehicle, property, or other asset as collateral. This makes the application process faster and less stressful, especially in emergency scenarios.
What About Loan Fees?
One of the standout advantages of using PersonalLoans.com is that there are no application fees. Borrowers pay nothing to submit their request or get matched with lenders. The only costs incurred are those associated with the loan itself (i.e., interest or lender-specific fees), which are disclosed in full during the offer process.
- No sign-up or pre-screening charges
- No broker or referral fees
- No penalties for rejecting a loan match
Disclaimer: PersonalLoans.com is not a lender. All loan fees, interest rates, and repayment terms are established by third-party lenders. Always verify any applicable fees directly on the lender’s website.
Step-by-Step Guide to Applying
A Simple Process for Fast Cash Loans Online
One of the major advantages of using PersonalLoans.com is how streamlined the loan request process is. With no need to visit a bank, fax documents, or endure lengthy wait times, the entire journey from application to approval can happen within hours, sometimes minutes. Whether you’re seeking instant payday loans online, no credit check payday loans, or emergency payday loans, the process is designed to be as user-friendly and accessible as possible.
Here’s how it works from start to finish:
Step 1: Start with the Online Form
Visit PersonalLoans.com and click on the “Get Started” or “Apply Now” button. You’ll be prompted to fill out an online form that includes:
- Your full name and contact information
- Employment and income details
- Banking information for deposit
- Desired loan amount and purpose
The form is mobile-friendly, allowing you to apply on your phone, tablet, or computer—anytime, anywhere.
Step 2: Receive Instant Lender Matches
Once the form is submitted, the system scans a broad network of lenders to find the best match for your financial situation. This process takes only a few minutes and does not impact your credit score at this stage.
The platform is designed for AI-driven loan approvals and intelligent lender routing, ensuring that even borrowers with bad credit or nontraditional employment get a fair shot.
Step 3: Review Offers and Terms Carefully
If matched, you’ll receive one or more loan offers to review. Each will include the lender’s:
- Loan amount
- APR (annual percentage rate)
- Repayment terms
- Monthly payment schedule
- Any applicable fees
There is no obligation to accept an offer. You can compare options and choose the one that best aligns with your needs and repayment ability.
Disclaimer: All loan offers are provided by independent lenders. APRs, fees, and terms are subject to change. Always review the official terms on the lender’s website.
Step 4: Accept and Complete Final Steps
Once you’ve selected an offer, you’ll be directed to the lender’s secure website to complete final steps, such as identity verification or e-signing the loan agreement. This ensures both compliance and security.
Some lenders may request:
- Proof of income (pay stub or bank statement)
- Social Security number
- Valid ID
Most borrowers find this part of the process fast and hassle-free.
Step 5: Get Funded—Often by the Next Business Day
If approved, your funds will be deposited directly into your bank account, typically within one business day. Some lenders may offer same-day funding depending on the time of approval and your bank’s processing policies.
For those facing immediate expenses, this level of speed is what sets PersonalLoans.com apart in the crowded field of fast cash loans online platforms.
Disclaimer: Funding timelines are determined by individual lenders and bank processing speeds. Same-day funding is not guaranteed. Always check with the lender for exact timing.
Real-Life Testimonials
How PersonalLoans.com Helped Borrowers When It Mattered Most
The value of a platform like PersonalLoans.com is best illustrated through the real stories of everyday people who needed fast financial relief—and got it. From single parents handling emergency expenses to gig workers managing income gaps, these examples highlight the real-world impact of instant payday loans online with guaranteed approval potential.
A Lifeline During a Health Emergency
Jessica, a part-time retail worker from Ohio, was faced with an unexpected out-of-pocket medical bill following an emergency room visit. With no savings and poor credit, her bank declined her personal loan request. Desperate for options, she applied through PersonalLoans.com. Within minutes, she was matched with a lender offering a $2,000 loan at a 24% APR with a 24-month repayment. The funds were deposited the next day, allowing her to cover the hospital fees and avoid collections.
Disclaimer: Individual experiences vary. Loan offers depend on lender policies, credit profile, and income verification.
Consolidating Credit Card Debt Without Judgment
Mark, a freelance photographer in Arizona, found himself juggling three high-interest credit cards. Traditional banks weren’t an option due to his irregular income. Through PersonalLoans.com, he secured a $5,000 loan with a 36-month term—offered by a lender that understood freelance income documentation. Mark used the funds to consolidate his debt into a single payment, helping him manage cash flow and reduce his overall interest burden.
This use of online payday loans for bad credit allowed Mark to stay current on all obligations while regaining financial control.
A Safety Net Between Paychecks
Amber, a gig economy driver in Texas, needed funds to fix her vehicle, the very tool she depended on for income. Unable to work until the repair was done, she applied for a same-day payday loan through PersonalLoans.com. She was quickly matched with a lender who offered a $750 short-term loan, enough to pay for the repairs and get her back on the road.
Because of the platform’s speed and mobile accessibility, Amber was able to get back to earning income within 48 hours.
Comparing Alternatives
Traditional Banks vs. Digital Lending Platforms
For many borrowers, the first instinct when financial trouble strikes is to turn to a bank. However, traditional banks often have strict lending requirements that disqualify individuals with limited credit history, lower credit scores, or nontraditional employment. In addition, approval processes can take days—or even weeks—making banks ill-suited for urgent borrowing needs.
Banks may offer lower interest rates to highly qualified applicants, but their application requirements typically include:
- A high credit score (typically 680 or above)
- Proof of steady employment
- Extensive financial documentation
- Collateral for larger loans
These hurdles exclude millions of Americans living paycheck to paycheck or working as freelancers, gig workers, or independent contractors.
Credit Unions and Peer Lending Platforms
Credit unions are known for offering slightly more lenient terms and community-focused lending practices. However, membership restrictions, slower approval timelines, and lower loan amounts may make them a poor fit for those seeking emergency payday loans or fast cash loans online.
Similarly, peer-to-peer lending services can be an option for some, but they often involve longer approval periods, more paperwork, and significant credit reviews. If time is of the essence, these alternatives may fall short.
Traditional Payday Lenders: Fast, but Risky
Brick-and-mortar payday lenders often promote same-day payday loans with guaranteed approval, but these come with notoriously high fees and short repayment windows. Borrowers may be required to repay the loan in full within two weeks, sometimes with fees equivalent to APRs exceeding 300%—a cycle that can quickly spiral out of control.
Drawbacks of storefront payday lenders:
- Exorbitant fees and interest rates
- Predatory collection practices
- Requirement to return in person for future transactions
- Risk of debt traps due to rollover practices
For consumers looking for more financial empowerment and less risk, these options are typically considered a last resort.
How PersonalLoans.com Measures Up
Unlike traditional or predatory alternatives, PersonalLoans.com offers a middle ground: fast access to a range of loan types, flexible repayment plans, and a high chance of approval through a broad lender network—all without the downsides of payday storefronts.
Key advantages:
- Instant online application—no need to visit a branch
- Mobile-friendly experience—apply anytime, from anywhere
- Soft credit checks initially—minimizing impact on your credit
- No hidden fees—full transparency from application to disbursement
- Access to a wide variety of lenders with competitive rates and terms
And unlike banks, the platform doesn’t disqualify applicants solely due to low credit scores or nontraditional income. Instead, its fintech infrastructure helps match borrowers to lenders that fit their exact financial profile.
Disclaimer: Loan approval, APR, and funding timelines are determined by individual lenders. Be sure to review the full terms before accepting any loan. Pricing and terms are subject to change. Visit the official website for the latest details.
Financial Wellness Tips
Borrow Smart, Repay Smarter
While instant payday loans online can offer crucial financial relief in emergencies, using them responsibly is key to avoiding long-term debt issues. Whether you’re borrowing $500 or $5,000, having a plan can make all the difference in how you repay your loan—and how it impacts your overall financial health.
Below are several actionable tips to help ensure your borrowing decisions through platforms like PersonalLoans.com align with your long-term goals.
Create a Basic Budget
Before taking out a loan, it’s essential to understand your cash flow. Create a simple monthly budget that outlines your:
- Income (from employment, side gigs, benefits, etc.)
- Fixed expenses (rent, utilities, insurance)
- Variable expenses (groceries, gas, subscriptions)
- Disposable income available for loan repayment
Knowing your repayment capacity ensures that your new loan won’t overextend your finances. Many borrowers using same-day payday loans underestimate their future cash flow and struggle with repayments as a result.
Only Borrow What You Need
It might be tempting to apply for the highest amount you qualify for, but that can result in unnecessarily high interest charges and longer repayment periods. Borrow only what you need for the intended purpose—whether it’s emergency expenses, debt consolidation, or home repair.
This is especially important with fast cash loans online where funds may arrive quickly and feel like disposable cash. Always treat the loan as a debt to be repaid, not “extra” money.
Set Up Automated Repayments
If your lender offers it, enroll in auto-pay features. Not only does this help you avoid missed payments and late fees, but some lenders also offer small APR reductions or fee waivers for consistent repayment history.
Pro tip: Set calendar reminders for payment due dates if you’re not using auto-pay. Staying organized supports your credit score and financial stability.
Build or Rebuild Your Credit
For those using online payday loans for bad credit, consistent on-time payments can help rebuild your credit. Make sure your selected lender reports repayment behavior to major credit bureaus. If they do, your responsible borrowing could improve your score over time.
This can lead to access to lower-interest loans in the future, potentially replacing the need for short-term borrowing altogether.
Disclaimer: Not all lenders report to credit bureaus. Confirm with your lender before assuming credit score benefits from repayment activity.
Start an Emergency Fund (Even Small)
Once your loan is paid off, begin saving a small portion of your income for future emergencies—even $10 per week adds up over time. This safety net can help reduce dependence on borrowing in the future.
Pairing these strategies with the accessible structure of PersonalLoans.com ensures you’re borrowing responsibly, even when urgent needs arise.
Conclusion
Empowering Borrowers With Flexible, Fast Financial Options
In a financial landscape where timing, credit history, and accessibility often determine who gets approved and who doesn’t, PersonalLoans.com emerges as a powerful tool for those who need instant payday loans online with guaranteed approval potential. The platform’s secure, easy-to-use interface, wide network of lenders, and commitment to transparency set it apart from both traditional banks and high-risk payday storefronts.
By offering a range of loan types—including no credit check payday loans, fast cash loans online, and same-day payday loans—PersonalLoans.com meets borrowers where they are, providing a more modern, mobile, and inclusive alternative to outdated lending systems.
When Life Happens, Access Matters
This article outlined why individuals turn to emergency payday loans and how financial disruptions—like medical bills, job gaps, or home repairs—can happen to anyone. Through a fintech-driven solution, PersonalLoans.com helps borrowers face these challenges without judgment and with real choices.
Whether you’re navigating a credit rebuild, a cash-flow pinch, or an unexpected expense, this platform provides options that align with today’s on-demand expectations. With fast processing times, inclusive eligibility criteria, and no obligation to accept offers, users stay in control of their financial future.
A Final Note on Responsible Borrowing
It’s important to view any short-term or unsecured loan as a tool—not a solution to chronic financial strain. Use loans wisely, borrow only what you can repay, and follow the smart borrowing strategies outlined above to minimize risks and optimize your financial outcome.
If you’re in need of a reliable, transparent, and efficient way to secure funds quickly, PersonalLoans.com is worth considering as one of the best online payday loan providers in 2025.
Frequently Asked Questions (FAQs)
What is PersonalLoans.com and how does it work?
PersonalLoans.com is a secure, online lending marketplace that connects borrowers with a wide network of lenders. It does not issue loans directly. Instead, it matches users with loan offers based on their profile, credit status, and financial needs. The platform supports borrowers looking for instant payday loans online, fast cash loans, and personal loans for bad credit, often with flexible repayment terms.
Can I really get instant payday loans online with guaranteed approval?
While guaranteed approval typically means a high likelihood of being matched with a lender, actual loan approval is still based on each lender’s criteria. That said, PersonalLoans.com increases your chances by sharing your request with a broad network of lenders, including those that accept applicants with bad credit or no credit history.
Disclaimer: Approval is not guaranteed and depends on income, lender criteria, and verification of submitted information.
Are there payday loans with no credit check available through PersonalLoans.com?
Some lenders in the PersonalLoans.com network may offer no credit check payday loans or use alternative credit data for assessment. However, most legitimate lenders will still perform at least a soft credit inquiry to evaluate risk. These checks do not impact your credit score.
How fast can I receive my payday loan through PersonalLoans.com?
Many borrowers receive funding within one business day, depending on lender approval and bank processing times. Same-day payday loans may be possible if the application is completed early in the day and processed quickly by the lender.
Disclaimer: Timing varies by lender and bank. Always confirm estimated funding time on the lender’s official terms.
What types of loans can I apply for through PersonalLoans.com?
You can request various loan types including:
- Emergency payday loans
- Short-term personal loans
- Debt consolidation loans
- Fast cash loans online for unexpected expenses
Loan amounts typically range from $250 to $35,000, with terms from 3 to 72 months.
What are the credit score requirements for using PersonalLoans.com?
There is no minimum credit score required to submit a loan request. PersonalLoans.com works with lenders that accept a wide range of credit profiles, including poor credit, fair credit, and limited credit history.
Is PersonalLoans.com safe to use for borrowing money online?
Yes, the platform uses bank-level encryption and adheres to strict data privacy standards. Your personal information is only shared with participating lenders during the matching process, and you are under no obligation to accept any offer.
Are there fees to use PersonalLoans.com?
No. There are no fees to submit a loan request on PersonalLoans.com. If you accept a loan offer, any applicable fees or interest rates are disclosed clearly by the lender before you sign.
What happens if I can’t repay my payday loan on time?
If you anticipate difficulty repaying your loan, contact your lender immediately to discuss options. Late or missed payments may result in additional fees or negatively affect your credit. Many lenders offer flexible terms, but it’s essential to understand your obligations before borrowing.
- Company: PersonalLoans
- Email: support@personalloans.com
- Phone Support: 1-800-772-2274
Disclaimer and Legal Disclosure
Customer Notice: A personal loan is an online installment loan, typically ranging from $250 to $35,000. A personal loan may serve as a financial option for customers seeking funds for purposes such as a wedding, home improvement project, or family vacation. The online application process is designed for customer convenience, allowing individuals to apply without visiting a physical branch.
Legal Disclaimer: The contents of this article are provided for informational purposes only and do not constitute financial, legal, or professional advice. The publisher, content creators, and syndication partners make no representations or warranties regarding the accuracy, completeness, timeliness, or reliability of any information presented herein. All information is provided “as is,” without any warranty of any kind. Any reliance placed on the material is strictly at the reader’s own risk. The publisher and all parties involved disclaim any responsibility or liability for any direct, indirect, incidental, consequential, or other damages arising from the use of or reliance on the content of this publication.
PersonalLoans.com’s Terms of Use and Privacy Policy govern the use of its website and services. PersonalLoans.com connects borrowers with lenders or lending partners; any loan obtained is subject to the specific terms and conditions of the lender or lending partner. The operators and publishers of this article are not lenders, do not broker loans, and do not make loans or credit decisions. Nothing contained in this publication constitutes an offer or solicitation to lend or a guarantee of loan approval.
Any loan-related information, including but not limited to APR, loan amounts, interest rates, fees, funding timelines, and repayment terms, are estimations only. Actual loan details will vary by lender or lending partner and individual borrower qualifications. Please note that some lenders or lending partners may perform credit checks as part of their approval process. Borrowers are encouraged to compare all available offers and read all terms carefully before accepting any loan.
Borrowers may be connected with a tribal lender. Loans from tribal lenders are governed by federal and tribal laws, not state laws, and may carry higher rates or fees than state-licensed lenders. Borrowers should consult with the lender directly for full details.
THE OWNERS, OPERATORS, PUBLISHERS, SYNDICATION PARTNERS, AND DISTRIBUTORS OF THIS ARTICLE DO NOT PROVIDE LOANS, DO NOT ACT AS BROKERS, DO NOT REPRESENT ANY LENDER, AND ARE NOT RESPONSIBLE FOR ANY LOAN OUTCOME OR DECISION. Any information submitted via an application form or website mentioned in this article is provided directly to the lender or lending partner. The publisher and all affiliated parties disclaim any responsibility for the actions, decisions, or practices of any lender or lending partner connected through PersonalLoans.com or other lending platforms mentioned.
Availability Notice: Loan availability, terms, APR, and repayment options vary by state, lender, and individual borrower qualifications. Not all applicants will qualify for the highest loan amounts or most favorable terms.
Material Disclosure: The operators and publishers of this article are not lenders, brokers, or agents of lenders or brokers. This content does not constitute an offer of credit or a solicitation to lend. The publisher operates solely as an advertising referral source to lenders offering loans ranging from $250 to $35,000. There are no fees to use the referral services. Submission of a loan request does not guarantee connection with a lender, approval for a loan, or receipt of the requested loan amount. Lenders may perform credit checks or other verification processes. Any compensation received by the publisher or syndication partners is paid by lenders or advertisers for advertising and referral services. Borrowers should exercise due diligence when considering loan offers and understand that a loan obtained through a third-party referral platform may not offer the most favorable rates or terms.
APR Disclosure: The Annual Percentage Rate (APR) reflects the cost of credit and varies by lender, loan amount, creditworthiness, and repayment term. APRs in the lender network generally range from 5.99% to 35.89% with repayment terms from 61 days to 96 months. Actual rates and loan terms will vary. Lenders are required by law to disclose APR and all applicable terms prior to finalizing any loan agreement.
Credit Implications: The publisher and syndication partners do not make any credit decisions or perform credit checks. Participating lenders may obtain credit reports or scores from credit reporting agencies or alternative providers to evaluate creditworthiness. By submitting information through a loan request form, borrowers consent to verification and credit evaluation by lenders. Late or missed payments may result in fees, collection activities, and negative credit reporting. Each lender maintains individual policies regarding credit reporting, late payments, and loan renewals. Borrowers should review all policies and disclosures directly with the lender before entering into any loan agreement.
Editorial Integrity and Independence: The publisher, its editorial staff, and syndication partners strive to provide accurate and up-to-date information; however, no guarantees are made regarding the accuracy, completeness, or timeliness of any content. The publisher, authors, and distributors disclaim any liability for typographical errors, factual inaccuracies, omissions, or misrepresentations.
This content may include affiliate links. If a reader clicks on an affiliate link and proceeds to take action or make a purchase, the publisher, syndication partners, or affiliated parties may receive a commission at no additional cost to the reader. Affiliate relationships do not influence the editorial content or recommendations presented.
Third-Party Content and Syndication: Syndication outlets and third-party distributors publishing or promoting this content assume no liability for the accuracy, completeness, or integrity of the information presented. Syndication partners are not responsible for any financial decisions, agreements, or transactions made by readers based on the content herein.
Readers are encouraged to independently verify all details, consult professional advisors, and read all official disclosures from lenders before making any financial decisions.
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MIL-OSI USA: FEMA May Assist With Disaster Affected Wells and Septic Systems in Kentucky
Source: US Federal Emergency Management Agency
Headline: FEMA May Assist With Disaster Affected Wells and Septic Systems in Kentucky
FEMA May Assist With Disaster Affected Wells and Septic Systems in Kentucky
FRANKFORT, Ky
– Kentucky homeowners in disaster-declared counties whose wells or septic systems were damaged by the April severe storms, straight-line winds, flooding, landslides and mudslides may be eligible for financial help from FEMA
Septic systems and wells are generally not covered by flood insurance
Who may be eligible? To be considered eligible for assistance, your pre-disaster primary home must be located in one of the Kentucky counties designated for Individual Assistance: Anderson, Butler, Carroll, Christian, Clark, Franklin, Hardin, Hopkins, Jessamine, McCracken, Mercer, Owen and Woodford
The damage must have occurred during the severe storms that began April 2
What Assistance may be available? Eligible services for septic tanks may include cleaning, repairing or replacing the septic system as needed
Awards are also available for the repair or decontamination of private wells that are the sole source of water for a home
How Can I Find Out if I May be Eligible? Check with your homeowner’s and flood insurance providers to determine if your well and/or septic are covered under your policy
Uninsured or underinsured property may be eligible for FEMA assistance
How to Apply for FEMA AssistanceFEMA is encouraging Kentuckians affected by the April storms to apply for federal disaster assistance as soon as possible
The deadline to apply is June 25
You can visit any Disaster Recovery Center to get in-person assistance
No appointment is needed
To find all other center locations, including those in other states, go to fema
gov/drc or text “DRC” and a Zip Code to 43362
You don’t have to visit a center to apply for FEMA assistance
There are other ways to apply: online at DisasterAssistance
gov, use the FEMA App for mobile devices or call 800-621-3362
If you use a relay service, such as Video Relay Service (VRS), captioned telephone or other service, give FEMA the number for that service
When you apply, you will need to provide:A current phone number where you can be contacted
Your address at the time of the disaster and the address where you are now staying
Your Social Security Number
A general list of damage and losses
Banking information if you choose direct deposit
If insured, the policy number or the agent and/or the company name
Low-Interest Disaster Loans May Be AvailableLow-interest disaster loans from the U
S
Small Business Administration (SBA) also cover repairs to septic systems and wells
These loans are available for businesses and non-profit organizations of all sizes, homeowners and renters
Disaster survivors with insurance should not wait for an insurance settlement before applying to the SBA
For more information about Kentucky flooding recovery, visit www
fema
gov/disaster/4860 and www
fema
gov/disaster/4864
Follow the FEMA Region 4 X account at x
com/femaregion4
martyce
allenjr
Thu, 05/08/2025 – 12:38 -
MIL-OSI Europe: Minutes – Thursday, 8 May 2025 – Strasbourg – Final edition
Source: European Parliament
PV-10-2025-05-08
EN
EN
iPlPv_Sit
Minutes Thursday, 8 May 2025 – Strasbourg IN THE CHAIR: Christel SCHALDEMOSE
Vice-President1. Opening of the sitting The sitting opened at 09:00.
2. Composition of political groups Volker Schnurrbusch was no longer sitting as a non-attached Member and had joined the ESN Group as of 8 May 2025.
3. Composition of committees and delegations The ESN Group had notified the President of the following decision changing the composition of the committees and delegations:
– TRAN Committee: Volker Schnurrbusch to replace Siegbert Frank Droese
The decision took effect as of that day.
4. 80 years after the end of World War II – freedom, democracy and security as the heritage of Europe (debate) Statements by Parliament: 80 years after the end of World War II – freedom, democracy and security as the heritage of Europe (2025/2694(RSP))
The following spoke: Sebastião Bugalho, on behalf of the PPE Group, Marc Angel, on behalf of the S&D Group, Kinga Gál, on behalf of the PfE Group, Patryk Jaki, on behalf of the ECR Group, Marie-Pierre Vedrenne, on behalf of the Renew Group, Thomas Waitz, on behalf of the Verts/ALE Group, Konstantinos Arvanitis, on behalf of The Left Group, René Aust, on behalf of the ESN Group, Sandra Kalniete, Javi López, Hermann Tertsch, Adrian-George Axinia, Marie-Agnes Strack-Zimmermann, who also answered blue-card questions from Arkadiusz Mularczyk and Petr Bystron, Nela Riehl, Marina Mesure, Stanislav Stoyanov, Ruth Firmenich, Łukasz Kohut, Evelyn Regner, António Tânger Corrêa, Bert-Jan Ruissen, Michał Kobosko, Benedetta Scuderi, Danilo Della Valle, Zsuzsanna Borvendég, Ondřej Dostál, Wouter Beke, Francisco Assis, who also answered a blue-card question from Sebastião Bugalho, Anders Vistisen, Rihards Kols, Charles Goerens and Arkadiusz Mularczyk to put a blue-card question to Charles Goerens.
IN THE CHAIR: Esteban GONZÁLEZ PONS
Vice-PresidentThe following spoke: Charles Goerens, who answered a blue-card question from Arkadiusz Mularczyk, Jaume Asens Llodrà, João Oliveira, Ivan David, Danuše Nerudová, Cecilia Strada, Alexandre Varaut, Stephen Nikola Bartulica, Dan Barna, Anna Strolenberg, Rudi Kennes, Paulius Saudargas, René Repasi, who also answered blue-card questions from Bogdan Rzońca and Arkadiusz Mularczyk, Marieke Ehlers, Aurelijus Veryga, Anna-Maja Henriksson, Sunčana Glavak, Vytenis Povilas Andriukaitis, Sebastian Tynkkynen, who also declined to take a blue-card question from Petras Gražulis, Martin Hojsík, Evin Incir, who also answered a blue-card question from Bogdan Rzońca, Adam Bielan, who also answered a blue-card question from Petras Gražulis, Engin Eroglu, Nils Ušakovs, Christophe Grudler, Nikos Papandreou, Thomas Pellerin-Carlin and Matjaž Nemec.
The following spoke under the catch-the-eye procedure: Juan Fernando López Aguilar, Viktória Ferenc, Arkadiusz Mularczyk, Siegbert Frank Droese, Lefteris Nikolaou-Alavanos and Lukas Sieper.
The debate closed.
5. Old challenges and new commercial practices in the internal market (debate) Question for oral answer O-000012/2025 by Anna Cavazzini, on behalf of the IMCO Committee to the Commission: B10-0005/2025 (2025/2542(RSP))
Anna Cavazzini moved the question.
Stéphane Séjourné (Executive Vice-President of the Commission) answered the question.
The following spoke: Andreas Schwab, on behalf of the PPE Group, Laura Ballarín Cereza, on behalf of the S&D Group, Klara Dostalova, on behalf of the PfE Group, Stefano Cavedagna, on behalf of the ECR Group, Svenja Hahn, on behalf of the Renew Group, Alice Kuhnke, on behalf of the Verts/ALE Group, Hanna Gedin, on behalf of The Left Group, Pablo Arias Echeverría, Alex Agius Saliba, Ernő Schaller-Baross, Kamila Gasiuk-Pihowicz, Biljana Borzan, Elisabeth Dieringer, who also answered a blue-card question from Lukas Sieper, Tomislav Sokol, Pierre Jouvet, Zala Tomašič, Dimitris Tsiodras and Regina Doherty.
The following spoke under the catch-the-eye procedure: Vytenis Povilas Andriukaitis, Sebastian Tynkkynen, Bogdan Rzońca, João Oliveira and Lukas Sieper.
The following spoke: Stéphane Séjourné.
Motions for resolutions tabled under Rule 142(5) to wind up the debate: minutes of 8.5.2025, item I.
The debate closed.
Vote: 8 May 2025.
(The sitting was suspended at 11:51.)
IN THE CHAIR: Javi LÓPEZ
Vice-President6. Resumption of the sitting The sitting resumed at 12:04.
⁂
The following spoke: René Aust, concerning an incident on Parliament’s premises in Brussels on 30 April 2025 (the President provided some clarifications).
7. Voting time For detailed results of the votes, see also ‘Results of votes’ and ‘Results of roll-call votes’.
7.1. Arrest and risk of execution of Tundu Lissu, Chair of Chadema, the main opposition party in Tanzania (vote) Motions for resolutions RC-B10-0260/2025 (minutes of 8.5.2025, item I), B10-0260/2025, B10-0261/2025, B10-0262/2025, B10-0263/2025, B10-0264/2025 and B10-0265/2025 (minutes of 7.5.2025, item I) (2025/2690(RSP))
(Majority of the votes cast)
JOINT MOTION FOR A RESOLUTION
Adopted (P10_TA(2025)0095)
(Motion for a resolution B10-0262/2025 fell.)
(‘Results of votes’, item 1)
7.4. Ninth report on economic and social cohesion (vote) Report on the ninth report on economic and social cohesion [2024/2107(INI)] – Committee on Regional Development. Rapporteur: Jacek Protas (A10-0066/2025)
(Majority of the votes cast)
MOTION FOR A RESOLUTION
Adopted by single vote (P10_TA(2025)0098)
(‘Results of votes’, item 4)
7.5. CO2 emission performance standards for new passenger cars and new light commercial vehicles for 2025 to 2027 ***I (vote) Amending Regulation (EU) 2019/631 to include an additional flexibility as regards the calculation of manufacturers’ compliance with CO2 emission performance standards for new passenger cars and new light commercial vehicles for the calendar years 2025 to 2027 – (COM(2025)0136 – C10-0062/2025 – 2025/0070(COD)) – Committee on the Environment, Climate and Food Safety
(Majority of the votes cast)
COMMISSION PROPOSAL and AMENDMENTS
Approved (P10_TA(2025)0099)
Parliament’s first reading thus closed.
(‘Results of votes’, item 5)
7.6. The protection status of the wolf (Canis lupus) ***I (vote) Amending Council Directive 92/43/EEC as regards the protection status of the wolf (Canis lupus) – (COM(2025)0106 – C10-0044/2025 – 2025/0058(COD)) – Committee on the Environment, Climate and Food Safety
(Majority of the votes cast)
PROPOSAL TO REJECT THE COMMISSION PROPOSAL
Rejected
COMMISSION PROPOSALApproved (P10_TA(2025)0100)
Parliament’s first reading thus closed.
(‘Results of votes’, item 6)
7.7. The role of gas storage for securing gas supplies ahead of the winter season ***I (vote) Report on the proposal for a regulation of the European Parliament and of the Council amending Regulation (EU) 2017/1938 as regards the role of gas storage for securing gas supplies ahead of the winter season [COM(2025)0099 – C10-0041/2025 – 2025/0051(COD)] – Committee on Industry, Research and Energy. Rapporteur: Borys Budka (A10-0079/2025)
The debate had taken place on 7 May 2025 (minutes of 7.5.2025, item 16).
(Majority of the votes cast)
COMMISSION PROPOSAL and AMENDMENTS
Approved (P10_TA(2025)0101)
REQUEST FOR REFERRAL BACK TO COMMITTEE
Approved
The following had spoken:
Borys Budka (rapporteur), after the vote on the Commission proposal, to request that the matter be referred back to the committee responsible, for institutional negotiations, under Rule 60(4). Parliament agreed to the request.
(‘Results of votes’, item 7)
7.8. Screening of foreign investments in the Union ***I (vote) Report on the proposal for a regulation of the European Parliament and of the Council on the screening of foreign investments in the Union and repealing Regulation (EU) 2019/452 of the European Parliament and of the Council [COM(2024)0023 – C9-0011/2024 – 2024/0017(COD)] – Committee on International Trade. Rapporteur: Raphaël Glucksmann (A10-0061/2025)
(Majority of the votes cast)
COMMISSION PROPOSAL and AMENDMENTS
Approved (P10_TA(2025)0102)
REQUEST FOR REFERRAL BACK TO COMMITTEE
Approved
The following had spoken:
Raphaël Glucksmann (rapporteur), after the vote on the Commission proposal, to request that the matter be referred back to the committee responsible, for institutional negotiations, under Rule 60(4). Parliament agreed to the request.
(‘Results of votes’, item 8)
7.9. Suspending certain parts of Regulation (EU) 2015/478 as regards imports of Ukrainian products into the European Union ***I (vote) Report on the proposal for a regulation of the European Parliament and of the Council suspending certain parts of Regulation (EU) 2015/478 as regards imports of Ukrainian products into the European Union [COM(2025)0107 – C10-0042/2025 – 2025/0056(COD)] – Committee on International Trade. Rapporteur: Karin Karlsbro (A10-0059/2025)
(Majority of the votes cast)
REQUEST TO POSTPONE THE VOTE (ESN Group) (Rule 206(4))
Rejected
COMMISSION PROPOSAL and AMENDMENTS
Approved (P10_TA(2025)0103)
Parliament’s first reading thus closed.
The following had spoken:
– Hans Neuhoff, on behalf of the ESN Group, to request that the vote be postponed pursuant to Rule 206(4), and Bernd Lange, against the request.
– Karin Karlsbro (rapporteur), before the vote, to make a statement under Rule 165(4).
– Costas Kadis (Member of the Commission), before the vote, to make a statement.
(‘Results of votes’, item 9)
7.10. Competition policy – annual report 2024 (vote) Report on competition policy – annual report 2024 [2024/2079(INI)] – Committee on Economic and Monetary Affairs. Rapporteur: Lara Wolters (A10-0071/2025)
The debate had taken place on 7 May 2025 (minutes of 7.5.2025, item 12).
(Majority of the votes cast)
MOTION FOR A RESOLUTION
Adopted (P10_TA(2025)0104)
The following had spoken:
Majdouline Sbai, to move an oral amendment to Amendment 1. Parliament agreed to put the oral amendment to the vote.(‘Results of votes’, item 10)
7.11. Banking Union – annual report 2024 (vote) Report on Banking Union – annual report 2024 [2024/2055(INI)] – Committee on Economic and Monetary Affairs. Rapporteur: Ralf Seekatz (A10-0044/2025)
The debate had taken place on 7 May 2025 (minutes of 7.5.2025, item 17).
(Majority of the votes cast)
MOTION FOR A RESOLUTION
Adopted (P10_TA(2025)0105)
(‘Results of votes’, item 11)
7.12. Objection pursuant to Rule 115(2) and (3): genetically modified soybean MON 87705 × MON 87708 × MON 89788 (vote) Motion for a resolution, tabled by the ENVI Committee, pursuant to Rule 115(2) and (3), on the draft Commission implementing decision authorising the placing on the market of products containing, consisting of or produced from genetically modified soybean MON 87705 × MON 87708 × MON 89788 pursuant to Regulation (EC) No 1829/2003 of the European Parliament and of the Council (D105678/01 – 2025/2647(RSP)) (B10-0244/2025) – Members responsible: Anja Hazekamp, Martin Häusling, Biljana Borzan, Sirpa Pietikäinen.
(Majority of the votes cast)
MOTION FOR A RESOLUTION
Adopted (P10_TA(2025)0106)
(‘Results of votes’, item 12)
IN THE CHAIR: Ewa KOPACZ
Vice-President8. Resumption of the sitting The sitting resumed at 15:00.
9. Approval of the minutes of the previous sitting The minutes of the previous sitting were approved.
10. EU action on treating and preventing diseases such as cancer, cardiovascular neurological diseases and measles (debate) Commission statement: EU action on treating and preventing diseases such as cancer, cardiovascular neurological diseases and measles(2025/2696(RSP))
Costas Kadis (Member of the Commission) made the statement.
The following spoke: Tomislav Sokol, on behalf of the PPE Group, Vytenis Povilas Andriukaitis, on behalf of the S&D Group, Margarita de la Pisa Carrión, on behalf of the PfE Group, Aurelijus Veryga, on behalf of the ECR Group, Vlad Vasile-Voiculescu, on behalf of the Renew Group, Tilly Metz, on behalf of the Verts/ALE Group, Milan Mazurek, on behalf of the ESN Group, Seán Kelly, Christophe Clergeau, Manuela Ripa and Laurent Castillo.
The following spoke under the catch-the-eye procedure: András Tivadar Kulja, Lukas Sieper and Diana Iovanovici Şoşoacă.
The following spoke: Costas Kadis.
The following spoke: Lukas Sieper, concerning the intervention by Diana Iovanovici Şoşoacă.
The debate closed.
11. Explanations of vote 11.1. Ninth report on economic and social cohesion (A10-0066/2025 – Jacek Protas ) (oral explanations of vote) Seán Kelly, Lukas Sieper
11.2. The role of gas storage for securing gas supplies ahead of the winter season (A10-0079/2025 – Borys Budka ) (oral explanations of vote) Seán Kelly, Lukas Sieper
11.3. Competition policy – annual report 2024 (A10-0071/2025 – Lara Wolters) (oral explanations of vote) Seán Kelly
11.4. Old challenges and new commercial practices in the internal market (B10-0246/2025) (oral explanations of vote) Lukas Sieper
11.5. Written explanations of vote Explanations of vote submitted in writing under Rule 201 appear on the Members’ pages on Parliament’s website.
12. Approval of the minutes of the sitting and forwarding of texts adopted In accordance with Rule 208(3), the minutes of the sitting would be put to the House for approval at the start of the next sitting.
With Parliament’s agreement, the texts adopted during the part-session would be forwarded to their respective addressees without delay.
13. Dates of the next part-session The next part-session would be held on 21 May 2025 and 22 May 2025.
14. Closure of the sitting The sitting closed at 15:50.
15. Adjournment of the session The session of the European Parliament was adjourned.
Alessandro Chiocchetti
Roberta Metsola
Secretary-General
President
LIST OF DOCUMENTS SERVING AS A BASIS FOR THE DEBATES AND DECISIONS OF PARLIAMENT I. Motions for resolutions tabled Arrest and risk of execution of Tundu Lissu, Chair of Chadema, the main opposition party in Tanzania
Joint motion for a resolution tabled under Rule 150(5) and Rule 136(4):
on the arrest and risk of execution of Tundu Lissu, Chair of Chadema, the main opposition party in Tanzania (2025/2690(RSP)) (RC-B10-0260/2025)
(replacing motions for resolutions B10-0260/2025, B10-0261/2025, B10-0263/2025, B10-0264/2025 and B10-0265/2025)
Sebastião Bugalho, Reinhold Lopatka, Michael Gahler, David McAllister, Željana Zovko, Michał Szczerba, Antonio López-Istúriz White, Ana Miguel Pedro, Davor Ivo Stier, Tomas Tobé, Liudas Mažylis, Ingeborg Ter Laak, Isabel Wiseler-Lima, Mirosława Nykiel, Wouter Beke, Luděk Niedermayer, Vangelis Meimarakis, Milan Zver, Tomáš Zdechovský, Danuše Nerudová, Miriam Lexmann, Jan Farský, Loránt Vincze, Jessica Polfjärd, Andrey Kovatchev, Inese Vaidere
on behalf of the PPE Group
Yannis Maniatis, Francisco Assis, Marit Maij
on behalf of the S&D Group
Adam Bielan, Jadwiga Wiśniewska, Sebastian Tynkkynen, Joachim Stanisław Brudziński, Assita Kanko, Waldemar Tomaszewski, Alberico Gambino
on behalf of the ECR Group
Jan-Christoph Oetjen, Oihane Agirregoitia Martínez, Petras Auštrevičius, Malik Azmani, Dan Barna, Benoit Cassart, Olivier Chastel, Engin Eroglu, Svenja Hahn, Karin Karlsbro, Moritz Körner, Ilhan Kyuchyuk, Urmas Paet, Marie-Agnes Strack-Zimmermann, Hilde Vautmans, Michal Wiezik, Lucia Yar
on behalf of the Renew Group
Catarina Vieira
on behalf of the Verts/ALE GroupReturn of Ukrainian children forcibly transferred and deported by Russia
Joint motion for a resolution tabled under Rule 150(5) and Rule 136(4):
on the return of Ukrainian children forcibly transferred and deported by Russia (2025/2691(RSP)) (RC-B10-0249/2025)
(replacing motions for resolutions B10-0249/2025, B10-0250/2025, B10-0252/2025, B10-0255/2025 and B10-0258/2025)
Sebastião Bugalho, Jessika Van Leeuwen, Michael Gahler, David McAllister, Sandra Kalniete, Željana Zovko, Andrzej Halicki, Michał Szczerba, Antonio López-Istúriz White, Ana Miguel Pedro, Dariusz Joński, Davor Ivo Stier, Tomas Tobé, Reinhold Lopatka, Liudas Mažylis, Ingeborg Ter Laak, Isabel Wiseler-Lima, Mirosława Nykiel, Wouter Beke, Luděk Niedermayer, Vangelis Meimarakis, Milan Zver, Tomáš Zdechovský, Danuše Nerudová, Miriam Lexmann, Ondřej Kolář, Jan Farský, Loránt Vincze, Jessica Polfjärd, Andrey Kovatchev, Ewa Kopacz, Matej Tonin, Inese Vaidere
on behalf of the PPE Group
Yannis Maniatis, Francisco Assis, Thijs Reuten, Evin Incir, Pina Picierno
on behalf of the S&D Group
Adam Bielan, Rihards Kols, Jadwiga Wiśniewska, Aurelijus Veryga, Reinis Pozņaks, Alexandr Vondra, Maciej Wąsik, Veronika Vrecionová, Ondřej Krutílek, Joachim Stanisław Brudziński, Michał Dworczyk, Assita Kanko, Jaak Madison, Mariusz Kamiński, Roberts Zīle, Charlie Weimers, Beatrice Timgren, Dick Erixon, Sebastian Tynkkynen
on behalf of the ECR Group
Petras Auštrevičius, Oihane Agirregoitia Martínez, Abir Al-Sahlani, Malik Azmani, Dan Barna, Helmut Brandstätter, Benoit Cassart, Olivier Chastel, Veronika Cifrová Ostrihoňová, Engin Eroglu, Svenja Hahn, Karin Karlsbro, Ľubica Karvašová, Michał Kobosko, Moritz Körner, Ilhan Kyuchyuk, Nathalie Loiseau, Jan-Christoph Oetjen, Urmas Paet, Marie-Agnes Strack-Zimmermann, Eugen Tomac, Hilde Vautmans, Lucia Yar, Dainius Žalimas
on behalf of the Renew Group
Villy Søvndal
on behalf of the Verts/ALE Group
Hanna Gedin, Jonas Sjöstedt, Merja KyllönenViolations of religious freedom in Tibet
Joint motion for a resolution tabled under Rule 150(5) and Rule 136(4):
on violations of religious freedom in Tibet (2025/2692(RSP)) (RC-B10-0248/2025)
(replacing motions for resolutions B10-0248/2025, B10-0251/2025, B10-0254/2025, B10-0256/2025 and B10-0259/2025)
Sebastião Bugalho, Danuše Nerudová, Michael Gahler, Antonio López-Istúriz White, Ana Miguel Pedro, Davor Ivo Stier, Tomas Tobé, Reinhold Lopatka, Liudas Mažylis, Ingeborg Ter Laak, Isabel Wiseler-Lima, Mirosława Nykiel, Wouter Beke, Luděk Niedermayer, Vangelis Meimarakis, Milan Zver, Tomáš Zdechovský, Miriam Lexmann, Ondřej Kolář, Jan Farský, Loránt Vincze, Jessica Polfjärd, Andrey Kovatchev, Inese Vaidere
on behalf of the PPE Group
Yannis Maniatis, Francisco Assis, Hannes Heide
on behalf of the S&D Group
Adam Bielan, Joachim Stanisław Brudziński, Assita Kanko, Maciej Wąsik, Veronika Vrecionová, Ondřej Krutílek, Alexandr Vondra, Mariusz Kamiński, Małgorzata Gosiewska, Michał Dworczyk, Sebastian Tynkkynen, Waldemar Tomaszewski, Carlo Fidanza
on behalf of the ECR Group
Engin Eroglu, Oihane Agirregoitia Martínez, Petras Auštrevičius, Dan Barna, Helmut Brandstätter, Benoit Cassart, Olivier Chastel, Svenja Hahn, Karin Karlsbro, Moritz Körner, Ilhan Kyuchyuk, Ľubica Karvašová, Jan-Christoph Oetjen, Marie-Agnes Strack-Zimmermann, Hilde Vautmans, Lucia Yar, Dainius Žalimas
on behalf of the Renew Group
Ville Niinistö
on behalf of the Verts/ALE GroupOld challenges and new commercial practices in the internal market
Motion for a resolution tabled under Rule 142( 5) to wind up the debate:
on the old challenges and new commercial practices in the internal market (2025/2542(RSP)) (B10-0246/2025)
Anna Cavazzini
on behalf of the IMCO CommitteeII. Decisions to draw up own-initiative reports Decisions to draw up own-initiative reports (Rule 55)
(Following the Conference of Presidents’ decision of 30 April 2025)
AFET Committee
– EU-US political relations (2025/2084(INI))
(opinion: INTA)– EU political strategy on Latin America (2025/2083(INI))
(opinion: DEVE)– Relations between the EU and Saudi Arabia (2025/2082(INI))
AGRI Committee
– EU agri-food promotion policy (2025/2089(INI))
DEVE Committee
– Humanitarian aid in a time of polycrisis – reaffirming our principles for a more effective and ambitious response to humanitarian crises (2025/2085(INI))
(opinion: FEMM)ENVI, AGRI committees
– Ensuring faster registration and uptake of biological control agents (2025/2086(INI))
SANT Committee
– Public health aspects of biotechnology and life sciences (2025/2087(INI))
SEDE Committee
– Drones and new systems of warfare – the EU‘s need to adapt to be fit for today‘s security challenges (2025/2088(INI))
SEDE, TRAN committees
– Military mobility (2025/2090(INI))
(Following the Conference of Presidents’ decision of 3 April 2025)
CULT Committee
– Impact of social media and the online environment on young people (2025/2081(INI))
(opinion: IMCO, LIBE, FEMM)Decisions to draw up own-initiative reports (Rules 47 and 55)
(Following the Conference of Presidents’ decision of 3 April 2025)
EMPL Committee
– Digitalisation, artificial intelligence and algorithmic management in the workplace – shaping the future of work (2025/2080(INL))
(opinion: LIBE)JURI Committee
– The 28th Regime: a new legal framework for innovative companies (2025/2079(INL))
III. Petitions Petitions Nos 0377-25 to 0527-25 had been entered in the register on 6 May 2025 and had been forwarded to the committee responsible, in accordance with Rule 232(9) and (10).
The President had, on 6 May 2025, forwarded to the committee responsible, in accordance with Rule 232(15), petitions addressed to Parliament by natural or legal persons who were not citizens of the European Union and who did not reside, or have their registered office, in a Member State.
IV. Documents received The following documents had been received from Members:
– Maria Zacharia. Motion for a resolution on the crime at Tempi and waiving the immunity of ministers and government officials (B10-0200/2025)
referred to committee responsible: LIBE
opinion: TRAN– Jean-Paul Garraud. Motion for a resolution on protecting the sovereignty of the Member States in democratic decision-making (B10-0238/2025)
referred to committee responsible: LIBE– Christine Anderson, Marieke Ehlers and Virginie Joron. Motion for a resolution on the criteria and methods for establishing intent behind the dissemination of misleading information (B10-0239/2025)
referred to committee responsible: LIBE– Pernando Barrena Arza, Marc Botenga, Lynn Boylan, Per Clausen, Danilo Della Valle, Kathleen Funchion, Estrella Galán, Hanna Gedin, Giorgos Georgiou, Kateřina Konečná, Vicent Marzà Ibáñez, Ana Miranda Paz, João Oliveira, Mounir Satouri, Jonas Sjöstedt and Maria Zacharia. Motion for a resolution on the immediate suspension of the EU-Israel Association Agreement (B10-0240/2025)
referred to committee responsible: AFET– Anja Arndt, René Aust, Zsuzsanna Borvendég, Irmhild Boßdorf, Markus Buchheit, Petr Bystron, Elisabeth Dieringer, Siegbert Frank Droese, Tomasz Froelich, Roman Haider, Marc Jongen, Alexander Jungbluth, Mary Khan, Rada Laykova, Milan Mazurek, Hans Neuhoff, Alexander Sell, Petra Steger, António Tânger Corrêa, Milan Uhrík and Petar Volgin. Motion for a resolution on a joint and strong response to the Federal Republic of Germany’s departure from financial stability (B10-0241/2025)
referred to committee responsible: ECON– Mathilde Androuët, Marie-Luce Brasier-Clain, Anne-Sophie Frigout, Catherine Griset, Fabrice Leggeri, Julien Leonardelli, Thierry Mariani, Aleksandar Nikolic, Pascale Piera, Julie Rechagneux, André Rougé, Pierre-Romain Thionnet and Alexandre Varaut. Motion for a resolution on protecting multilingualism in the EU (B10-0242/2025)
referred to committee responsible: CULT– Pina Picierno, Massimiliano Salini and Antonella Sberna. Motion for a resolution on the establishment of a European Day in Remembrance of the Victims of Accidents at Work and for the Protection and Dignity of Workers: ‘8 August – European Day in Remembrance of the Victims of Accidents at Work and for the Protection and Dignity of Workers’ (B10-0245/2025)
referred to committee responsible: EMPLATTENDANCE REGISTER Present:
Abadía Jover Maravillas, Adamowicz Magdalena, Aftias Georgios, Agirregoitia Martínez Oihane, Agius Peter, Agius Saliba Alex, Alexandraki Galato, Allione Grégory, Al-Sahlani Abir, Anadiotis Nikolaos, Anderson Christine, Andersson Li, Andresen Rasmus, Andrews Barry, Andriukaitis Vytenis Povilas, Androuët Mathilde, Angel Marc, Antoci Giuseppe, Arias Echeverría Pablo, Arimont Pascal, Arłukowicz Bartosz, Arnaoutoglou Sakis, Arndt Anja, Arvanitis Konstantinos, Asens Llodrà Jaume, Assis Francisco, Attard Daniel, Aubry Manon, Auštrevičius Petras, Axinia Adrian-George, Azmani Malik, Bajada Thomas, Baljeu Jeannette, Ballarín Cereza Laura, Bardella Jordan, Barna Dan, Barrena Arza Pernando, Bartulica Stephen Nikola, Bartůšek Nikola, Bay Nicolas, Bay Christophe, Beke Wouter, Beleris Fredis, Bellamy François-Xavier, Benea Dragoş, Benifei Brando, Benjumea Benjumea Isabel, Berendsen Tom, Berger Stefan, Berlato Sergio, Bernhuber Alexander, Biedroń Robert, Bielan Adam, Bischoff Gabriele, Blinkevičiūtė Vilija, Blom Rachel, Bloss Michael, Bocheński Tobiasz, Boeselager Damian, Bogdan Ioan-Rareş, Bonaccini Stefano, Borchia Paolo, Borrás Pabón Mireia, Borvendég Zsuzsanna, Borzan Biljana, Bosanac Gordan, Boßdorf Irmhild, Bosse Stine, Botenga Marc, Boyer Gilles, Boylan Lynn, Brasier-Clain Marie-Luce, Bricmont Saskia, Brudziński Joachim Stanisław, Bryłka Anna, Buchheit Markus, Buczek Tomasz, Buda Daniel, Buda Waldemar, Budka Borys, Bugalho Sebastião, Buła Andrzej, Bullmann Udo, Burkhardt Delara, Buxadé Villalba Jorge, Bystron Petr, Bžoch Jaroslav, Camara Mélissa, Canfin Pascal, Carberry Nina, Cârciu Gheorghe, Carême Damien, Casa David, Caspary Daniel, Cassart Benoit, Castillo Laurent, del Castillo Vera Pilar, Cavazzini Anna, Cavedagna Stefano, Cepeda José, Ceulemans Estelle, Chahim Mohammed, Chaibi Leila, Chastel Olivier, Chinnici Caterina, Christensen Asger, Cifrová Ostrihoňová Veronika, Ciriani Alessandro, Clausen Per, Clergeau Christophe, Corrado Annalisa, Costanzo Vivien, Cotrim De Figueiredo João, Cowen Barry, Cremer Tobias, Crespo Díaz Carmen, Cristea Andi, Crosetto Giovanni, Cunha Paulo, Dahl Henrik, Danielsson Johan, Dávid Dóra, David Ivan, Decaro Antonio, de la Hoz Quintano Raúl, Della Valle Danilo, Deloge Valérie, De Masi Fabio, De Meo Salvatore, Devaux Valérie, Dibrani Adnan, Diepeveen Ton, Dieringer Elisabeth, Dîncu Vasile, Di Rupo Elio, Disdier Mélanie, Doherty Regina, Doleschal Christian, Dömötör Csaba, Do Nascimento Cabral Paulo, Dorfmann Herbert, Dostalova Klara, Dostál Ondřej, Droese Siegbert Frank, Dworczyk Michał, Ecke Matthias, Ehler Christian, Ehlers Marieke, Eriksson Sofie, Erixon Dick, Eroglu Engin, Everding Sebastian, Falcă Gheorghe, Falcone Marco, Farantouris Nikolas, Farský Jan, Ferber Markus, Ferenc Viktória, Fernández Jonás, Fidanza Carlo, Fiocchi Pietro, Firea Gabriela, Firmenich Ruth, Fita Claire, Fourlas Loucas, Fourreau Emma, Fragkos Emmanouil, Freund Daniel, Frigout Anne-Sophie, Fritzon Heléne, Froelich Tomasz, Fuglsang Niels, Funchion Kathleen, Furet Angéline, Furore Mario, Gahler Michael, Gál Kinga, Galán Estrella, Gambino Alberico, García Hermida-Van Der Walle Raquel, Garraud Jean-Paul, Gasiuk-Pihowicz Kamila, Geadi Geadis, Gedin Hanna, Geese Alexandra, Geier Jens, Geisel Thomas, Gemma Chiara, Georgiou Giorgos, Gerbrandy Gerben-Jan, Germain Jean-Marc, Gerzsenyi Gabriella, Geuking Niels, Gieseke Jens, Giménez Larraz Borja, Girauta Vidal Juan Carlos, Glavak Sunčana, Glück Andreas, Glucksmann Raphaël, Goerens Charles, Gomart Christophe, Gomes Isilda, Gómez López Sandra, Gonçalves Bruno, Gonçalves Sérgio, González Casares Nicolás, González Pons Esteban, Gori Giorgio, Gosiewska Małgorzata, Gotink Dirk, Gozi Sandro, Gražulis Petras, Griset Catherine, Gronkiewicz-Waltz Hanna, Groothuis Bart, Grossmann Elisabeth, Grudler Christophe, Guarda Cristina, Győri Enikő, Gyürk András, Hadjipantela Michalis, Hahn Svenja, Haider Roman, Halicki Andrzej, Hansen Niels Flemming, Hauser Gerald, Häusling Martin, Hava Mircea-Gheorghe, Heide Hannes, Heinäluoma Eero, Henriksson Anna-Maja, Herbst Niclas, Herranz García Esther, Hetman Krzysztof, Hohlmeier Monika, Hojsík Martin, Holmgren Pär, Homs Ginel Alicia, Humberto Sérgio, Incir Evin, Inselvini Paolo, Iovanovici Şoşoacă Diana, Jamet France, Jarubas Adam, Jerković Romana, Jongen Marc, Joński Dariusz, Joron Virginie, Jouvet Pierre, Joveva Irena, Junco García Nora, Jungbluth Alexander, Kabilov Taner, Kalfon François, Kaljurand Marina, Kalniete Sandra, Kamiński Mariusz, Karlsbro Karin, Kartheiser Fernand, Katainen Elsi, Kefalogiannis Emmanouil, Kelleher Billy, Keller Fabienne, Kelly Seán, Kennes Rudi, Knafo Sarah, Knotek Ondřej, Kobosko Michał, Köhler Stefan, Kohut Łukasz, Kokalari Arba, Kolář Ondřej, Kollár Kinga, Kols Rihards, Konečná Kateřina, Kopacz Ewa, Körner Moritz, Kountoura Elena, Kovařík Ondřej, Kovatchev Andrey, Krištopans Vilis, Kruis Sebastian, Krutílek Ondřej, Kubín Tomáš, Kuhnke Alice, Kulja András Tivadar, Kulmuni Katri, Kyuchyuk Ilhan, Lakos Eszter, Lange Bernd, Langensiepen Katrin, László András, Latinopoulou Afroditi, Laureti Camilla, Laykova Rada, Lazarov Ilia, Leggeri Fabrice, Lenaers Jeroen, Lewandowski Janusz, Lexmann Miriam, Liese Peter, Lins Norbert, Løkkegaard Morten, Lopatka Reinhold, López Javi, López Aguilar Juan Fernando, Lövin Isabella, Lucano Mimmo, Luena César, Łukacijewska Elżbieta Katarzyna, Lupo Giuseppe, Maestre Cristina, Magoni Lara, Magyar Péter, Maij Marit, Maląg Marlena, Manda Claudiu, Mandl Lukas, Maniatis Yannis, Mantovani Mario, Maran Pierfrancesco, Marczułajtis-Walczak Jagna, Maréchal Marion, Mariani Thierry, Marino Ignazio Roberto, Marquardt Erik, Martín Frías Jorge, Mavrides Costas, Maydell Eva, Mayer Georg, Mazurek Milan, Mažylis Liudas, McNamara Michael, Mebarek Nora, Mehnert Alexandra, Meimarakis Vangelis, Mendes Ana Catarina, Mendia Idoia, Mesure Marina, Metsola Roberta, Metz Tilly, Mikser Sven, Millán Mon Francisco José, Minchev Nikola, Miranda Paz Ana, Montero Irene, Montserrat Dolors, Morace Carolina, Morano Nadine, Moratti Letizia, Moreira de Sá Tiago, Moreno Sánchez Javier, Moretti Alessandra, Motreanu Dan-Ştefan, Mularczyk Arkadiusz, Mullooly Ciaran, Mureşan Siegfried, Muşoiu Ştefan, Nagyová Jana, Navarrete Rojas Fernando, Negrescu Victor, Nemec Matjaž, Nerudová Danuše, Nesci Denis, Neuhoff Hans, Neumann Hannah, Nevado del Campo Elena, Niebler Angelika, Niedermayer Luděk, Niinistö Ville, Nikolaou-Alavanos Lefteris, Nikolic Aleksandar, Ní Mhurchú Cynthia, Noichl Maria, Nordqvist Rasmus, Novakov Andrey, Nykiel Mirosława, Ódor Ľudovít, Oetjen Jan-Christoph, Ohisalo Maria, Oliveira João, Olivier Philippe, Omarjee Younous, Ó Ríordáin Aodhán, Orlando Leoluca, Ozdoba Jacek, Paet Urmas, Pajín Leire, Palmisano Valentina, Panayiotou Fidias, Papadakis Kostas, Papandreou Nikos, Pappas Nikos, Pascual de la Parte Nicolás, Patriciello Aldo, Paulus Jutta, Pellerin-Carlin Thomas, Penkova Tsvetelina, Pennelle Gilles, Peter-Hansen Kira Marie, Petrov Hristo, Picaro Michele, Picierno Pina, Picula Tonino, Piera Pascale, Pietikäinen Sirpa, Pimpie Pierre, Piperea Gheorghe, de la Pisa Carrión Margarita, Pokorná Jermanová Jaroslava, Polato Daniele, Polfjärd Jessica, Popescu Virgil-Daniel, Pozņaks Reinis, Prebilič Vladimir, Princi Giusi, Protas Jacek, Pürner Friedrich, Rackete Carola, Radtke Dennis, Ratas Jüri, Razza Ruggero, Rechagneux Julie, Regner Evelyn, Repasi René, Repp Sabrina, Ressler Karlo, Reuten Thijs, Riba i Giner Diana, Ricci Matteo, Riehl Nela, Ripa Manuela, Rodrigues André, Rougé André, Ruissen Bert-Jan, Ruotolo Sandro, Rzońca Bogdan, Saeidi Arash, Salini Massimiliano, Salis Ilaria, Sánchez Amor Nacho, Sanchez Julien, Sancho Murillo Elena, Saramo Jussi, Sardone Silvia, Satouri Mounir, Saudargas Paulius, Sbai Majdouline, Sberna Antonella, Schaldemose Christel, Schaller-Baross Ernő, Schenk Oliver, Scheuring-Wielgus Joanna, Schieder Andreas, Schilling Lena, Schneider Christine, Schnurrbusch Volker, Schwab Andreas, Scuderi Benedetta, Seekatz Ralf, Sell Alexander, Serrano Sierra Rosa, Sidl Günther, Sienkiewicz Bartłomiej, Sieper Lukas, Singer Christine, Sinkevičius Virginijus, Sjöstedt Jonas, Śmiszek Krzysztof, Smith Anthony, Smit Sander, Sokol Tomislav, Solier Diego, Solís Pérez Susana, Sommen Liesbet, Sonneborn Martin, Sorel Malika, Sousa Silva Hélder, Søvndal Villy, Squarta Marco, Staķis Mārtiņš, Stancanelli Raffaele, Steger Petra, Stier Davor Ivo, Storm Kristoffer, Stöteler Sebastiaan, Stoyanov Stanislav, Strack-Zimmermann Marie-Agnes, Strada Cecilia, Streit Joachim, Strik Tineke, Strolenberg Anna, Sturdza Şerban Dimitrie, Stürgkh Anna, Sypniewski Marcin, Szczerba Michał, Szydło Beata, Tamburrano Dario, Tânger Corrêa António, Tarquinio Marco, Târziu Claudiu-Richard, Tavares Carla, Tegethoff Kai, Teodorescu Georgiana, Teodorescu Måwe Alice, Terheş Cristian, Ter Laak Ingeborg, Terras Riho, Tertsch Hermann, Thionnet Pierre-Romain, Timgren Beatrice, Tinagli Irene, Tobback Bruno, Tobé Tomas, Tolassy Rody, Tomašič Zala, Tomaszewski Waldemar, Tomc Romana, Tonin Matej, Toom Jana, Topo Raffaele, Torselli Francesco, Tosi Flavio, Toussaint Marie, Tovaglieri Isabella, Tridico Pasquale, Trochu Laurence, Tsiodras Dimitris, Tudose Mihai, Turek Filip, Tynkkynen Sebastian, Ušakovs Nils, Vaidere Inese, Valchev Ivaylo, Vălean Adina, Valet Matthieu, Van Brempt Kathleen, Van Brug Anouk, van den Berg Brigitte, Vandendriessche Tom, Van Dijck Kris, Van Lanschot Reinier, Van Leeuwen Jessika, Vannacci Roberto, Van Sparrentak Kim, Varaut Alexandre, Vasconcelos Ana, Vasile-Voiculescu Vlad, Vautmans Hilde, Vedrenne Marie-Pierre, Ventola Francesco, Veryga Aurelijus, Vicsek Annamária, Vieira Catarina, Vigenin Kristian, Vilimsky Harald, Vincze Loránt, Vistisen Anders, Vivaldini Mariateresa, Volgin Petar, von der Schulenburg Michael, Vondra Alexandr, Vrecionová Veronika, Vázquez Lázara Adrián, Waitz Thomas, Walsh Maria, Walsmann Marion, Warborn Jörgen, Warnke Jan-Peter, Wąsik Maciej, Wawrykiewicz Michał, Wcisło Marta, Wechsler Andrea, Weimers Charlie, Werbrouck Séverine, Wiesner Emma, Wiezik Michal, Winkler Iuliu, Winzig Angelika, Wiseler-Lima Isabel, Wiśniewska Jadwiga, Wölken Tiemo, Wolters Lara, Yar Lucia, Yon-Courtin Stéphanie, Zacharia Maria, Zalewska Anna, Zan Alessandro, Zarzalejos Javier, Zdechovský Tomáš, Zdrojewski Bogdan Andrzej, Zijlstra Auke, Zingaretti Nicola, Złotowski Kosma
Excused:
Verheyen Sabine
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MIL-OSI Europe: Debates – Thursday, 8 May 2025 – Strasbourg – Revised edition
Source: European Parliament
FORSÆDE: CHRISTEL SCHALDEMOSE
Næstformand1. Opening of the sitting (Mødet åbnet kl. 9:00)
2. Composition of political groups President. – Volker Schnurrbusch is a member of the ESN Group as of 8 May 2025.
3. Composition of committees and delegations President. – The ESN Group has notified the President of a decision relating to changes to appointments within committees. This decision will be set out in the minutes of today’s sitting and take effect on the date of this announcement.
4. 80 years after the end of World War II – freedom, democracy and security as the heritage of Europe (debate) Sebastião Bugalho, on behalf of the PPE Group. – Madam President, in the history books, the post-war world means not just the world after the war, but a world without it.
Today, 80 years after the surrender of the Nazi regime, we live in a world that faces a darkness most of us can’t recall. 50 million lives in six years made us say ‘never again’. The Second World War confronted mankind with humanity, patriotism with fascism, truth with anger. The Great War was brought to an end with peace, with a hard lesson. Those who chose to resist forgave those who refuse to forget.
And that, dear colleagues, is the founding principle of our Union. That those who weld against invasion are here bounded together with those who commit, never to commit it again. That those who said we shall never surrender are here side by side with those who say, we shall always remember.
The Ukrainian people know as we know, that the courage to carry on is the same courage not to let history be rewritten. And we are to keep that in our minds that their fight was once our fight. That their freedom is also our freedom. That their victory will be our peace. They may not be our fathers or our sons, but they are our brothers, our brothers in arms and in rights, our brothers in their hope and in their defiance.
In this world, in this war, we may be lonely but never alone. 80 years ago we too faced that loneliness and defeated a great evil on this VE Day. Today it’s the survival of freedom, of democracy now and then at stake in our continent.
So today, from this time and place, let it be known that victory for Europe Day stands not only for the victory that once was, but also for the victory that must be. Let it be known that the torch of history lights this common cause, that the words VE Day will also, and soon enough mean, Slava Ukraini.
Marc Angel, on behalf of the S&D Group. – Madam President, dear colleagues, 80 years ago, the guns fell silent across Europe, marking the end of the most devastating war our continent has ever known. And today we honour the memory of those who were murdered, who suffered and perished. And we reflect also on the long, difficult path from destruction to peace.
Out of the ashes of conflict, Europe chose reconciliation over revenge. Former enemies reached out in solidarity, laying the foundations for a united, peaceful continent. The European Union stands today not only as a political and an economic alliance, but as a powerful symbol of what unity, mutual respect and shared values can achieve.
Today, this legacy is under threat. Across our continent, the far right and nationalism are once again gaining ground, fuelling hatred and division. But we must not forget where such ideologies once led us. The horrors of the past are not just history – they are warnings.
On this important anniversary, let us reaffirm our commitment to a strong, united Europe, one that champions peace, democracy, equality and the dignity of all its people. Let our history be our guide and our unity be our strength.
Today we must also pay tribute to the brave people of Ukraine, victims of the brutal aggression of Russia’s autocratic regime.
Kinga Gál, a PfE képviselőcsoport nevében. – Elnök Asszony! A második világháború elképzelhetetlen pusztítása és szenvedése után Európa romokban hevert. Soha többé! Az alapító atyák, felismerve a pusztítás következményeit, létrehozták a közös Európát, melynek fő célja a tartós béke, biztonság és jólét biztosítása kontinensünkön. A májusi örömünnepnek nyolcvan éve, a háború vége viszont nem hozott valódi békét és jólétet minden európai nemzetnek. Hiszen Közép-Kelet-Európában, így nekünk, magyaroknak nem ért véget a szenvedés. A kommunizmus sötét évei következtek, férfiak és nők ezreinek gulágra hurcolása, kitelepítések, megtorlás, politikai tisztogatások és a szabadság korlátozása tartották félelemben az embereket még évtizedekig.
Szüleink és nagyszüleink, de még a mi emlékezetünkben is ezek az érzések ma is élénken élnek. Méltán vágytak tehát az Unióba, a vasfüggönyön túlra, ami a szabadság, béke, biztonság és jólét szimbóluma volt számukra. Erre viszont még sokáig, 2004-ig várni kellett, ezért érint meg minket különösen fájdalmasan, ha úgy érezzük, hogy ezek az értékek most veszélyben vannak, hiszen béke helyett háború dúl a szomszédunkban. Biztonság helyett az illegális migráció egyre nagyobb fenyegetést jelent a közbiztonságra. Jólét helyett pedig gazdasági gyengüléssel kell szembenéznünk. Vissza kell térnünk az alapokhoz: a kölcsönös tiszteletre és szuverén nemzetek jóhiszemű együttműködésére épülő Unióhoz. Amely nem kioktat, hanem tisztel és támogat. Csak így maradhat Európa továbbra is a béke, a biztonság és a jólét otthona.
Patryk Jaki, on behalf of the ECR Group. – Madam President, on the 80th anniversary of the end of World War II, you are talking about responsibility, courage, justice. But those are only words. We are still waiting for action. Poland, the country where the war was started, was divided between Germany and Russia after the Ribbentrop‑Molotov Pact. From the first to the last day of the war, Poland was on the right side. It had no institutional collaborators and lost almost 30 % of its pre-war resources – the most in Europe – and six million citizens. One third of this territory was taken and given to Russia.
Until today, Poland has not received any reparation – no real compensation, only symbolic. Instead of giving justice and equal chances to Polish citizens, instead of helping new generations of Poles who should not pay for the fact that their parents stayed on the right side and did not collaborate with evil, the EU spent billions on silly ideology because the Earth will burn. This is not responsibility or justice which you are talking about so much. This unfair advantage built through a barbaric attack on the other nations must finally be reduced. This is not only about Poland, but also about Greece, the Baltic states and other victims.
This 80th anniversary should finally bring real action to clean this stain. It is time to create compensation and an equal‑opportunity budget in Europe instead of a special budget for green ideology. To make up for the guilt, the effects of the evil must be removed completely.
Marie-Pierre Vedrenne, au nom du groupe Renew. – Madame la Présidente, chers collègues, héritière de celles et de ceux qui ont vécu la guerre et la barbarie au plus profond de leur chair, héritière du silence autour de ces blessures enfouies et longtemps tues, je commémore aujourd’hui et avec vous, ici, dans cet hémicycle de Strasbourg, les héros dont les noms traversent nos manuels et nos rues, comme les anonymes restés dans l’ombre de la Seconde Guerre mondiale.
Être héritière de ces morts et traumatismes, c’est se voir conférer une responsabilité sacrée: celle de ne jamais être un simple témoin, ni dans le présent, ni dans l’avenir. Être héritière de celles et de ceux qui ont œuvré pour la liberté, un projet de réconciliation, c’est se voir assumer un devoir exigeant, celui de ne jamais céder au «deux poids, deux mesures».
Être héritière d’une anonyme, en ce 8 mai 2025, c’est faire entendre, en se tenant devant vous, que cet anniversaire nous engage, nous, parlementaires européens. C’est un appel à regarder en face la réalité brutale du monde, un appel à nous battre à notre tour pour la démocratie, pour la liberté, pour la sécurité, pour l’universalisme, et ceci pour tous nos héritiers.
Thomas Waitz, on behalf of the Verts/ALE Group. – Madam President, colleagues, the Second World War was raw brutality. It was demonisation and dehumanisation of big parts of society. It was devastating warfare, total destruction and mass murder. That’s what it was. Fascism didn’t happen overnight. It was carefully woven into parts of society or into society, piece by piece, many years before the Nazis took over Germany and Austria, driven by blind hatred, by white supremacy and racism. Countless people were targeted and killed.
But based on acknowledgement of crime, reconciliation and forgiveness, we are building this, our European Union. Yes, to forgive, but never to forget. Because remembrance is not an act of the past, it’s a pact with the future.
But, colleagues, somehow I have the impression that we did not learn. Once again, strong men have returned – in the US, in Russia, in China, in Hungary. Based on hatred and on disrespect for human rights, we once again see the rising forces of anti-democratic and anti-human policies. Even here in this House we hear hate speech, we hear blunt, fearmongering propaganda.
But freedom is still strong and the fight for freedom is still strong. The freedom to love who you love, the freedom to decide over your own body, the freedom to live the life that you want to live, and the freedom to learn from history and the freedom to strive for peace. Because ‘never again’ is now!
Konstantinos Arvanitis, εξ ονόματος της ομάδας The Left. – Κυρία Πρόεδρε, 80 χρόνια από τη λήξη του Β΄ Παγκοσμίου Πολέμου αλλά και 80 χρόνια από τη μεγάλη αντιφασιστική νίκη. Ας θυμηθούμε, λοιπόν, τις αιτίες. Να ξαναδιαβάσουμε την ιστορία· να μην ξαναγράψουμε την ιστορία όπως επιτάσσουν συμφέροντα, ώστε να μην επαναλάβουμε τα ίδια λάθη γιατί αυτό θα συνιστά έγκλημα στο έγκλημα.
Να θυμηθούμε πως οι αντιθέσεις του κεφαλαίου σε Ευρώπη και Αμερική ενίσχυσαν, χρηματοδότησαν και γιγάντωσαν τον φασισμό και τον ναζισμό στην ήπειρό μας. Να θυμηθούμε και να τιμήσουμε τα θύματα αυτής της θηριωδίας: τους Εβραίους, τους κομμουνιστές, τους σοσιαλιστές, τους δημοκράτες, τους δημοκράτες αντιναζί, τη ΛΟΑΤΚΙ κοινότητα, τους διαφορετικούς, τους ανήμπορους. Θύματα στο ιδεολόγημα της αθλιότητας περί καθαρής φυλής, αρίας φυλής. Να τιμήσουμε τα εκατομμύρια των θυμάτων, απλούς στρατιώτες, νέα λαϊκά παιδιά που δεν χάρηκαν τη ζωή. Να τιμήσουμε τους παρτιζάνους, τους αντάρτες, τις γυναίκες, τους άνδρες που βγήκαν στα βουνά για να αντισταθούν και να αντιμετωπίσουν τη ναζιστική φασιστική θηριωδία.
Η χώρα μου, μια μικρή χώρα, έχασε το ένα έβδομο του πληθυσμού της. Τουλάχιστον 650.000 εκτελέστηκαν, πέθαναν από την πείνα, δολοφονήθηκαν. Κλάπηκε όλος ο ελληνικός θησαυρός και έμειναν πίσω καμένες εστίες, καμένα χωριά, μαρτυρικά χωριά.
Με αφορμή τη σημερινή επέτειο, εδώ, από το βήμα του Ευρωπαϊκού Κοινοβουλίου, επαναφέρω το θέμα των ελληνικών αξιώσεων που αφορούν αποζημιώσεις και επανορθώσεις για ζημιές που υπέστη η χώρα μου και οι πολίτες της κατά τον Α΄ και Β΄ Παγκόσμιο Πόλεμο, για πολεμικές αποζημιώσεις για τα θύματα, τους απογόνους των θυμάτων της γερμανικής Κατοχής, την αποπληρωμή του κατοχικού δανείου και την επιστροφή των κλοπιμαίων και παράνομα αφαιρεθέντων αρχαιολογικών και πολιτιστικών αγαθών. Από τη χώρα μου, την Ελλάδα, που σήκωσε το ανάστημά της απέναντι στον ναζισμό και τον φασισμό. Είναι δίκαιο· και η Ευρώπη χωρίς δικαιοσύνη δεν υπάρχει.
René Aust, im Namen der ESN-Fraktion. – Frau Präsidentin! Am 8. Mai 1945 endete mit der bedingungslosen Kapitulation der Wehrmacht die militärische Herrschaft des Nationalsozialismus. Auch in diesem Jahr gedenken wir der Millionen gefallenen Soldaten und getöteten Zivilisten des Zweiten Weltkrieges. Wir erkennen zunehmend auch die doppelte Bedeutung dieses Tages an: Der 8. Mai bedeutete für Westeuropa langfristig Freiheit, für Mittel‑ und Osteuropa jedoch die Zementierung einer 45-jährigen russischen Gewaltherrschaft.
Richard von Weizsäcker verwies in seiner berühmten Rede am 8. Mai 1985 zu Recht darauf, dass dieser Tag untrennbar mit dem 30. Januar 1933, dem Beginn der nationalsozialistischen Diktatur, verbunden sei. Aber das ist nur ein Teil. Denn so gewiss der 8. Mai das Ende der NS‑Diktatur markierte, so gewiss schuf er zugleich die Grundlage für kommunistische Diktaturen. Ohne den 8. Mai 1945 hätte es durch Russland keine Verschleppung zehntausender baltischer Familien im März 1949 gegeben, keine russische Niederschlagung des Volksaufstandes in der DDR am 17. Juni 1953, keinen russischen Einmarsch in Ungarn 1956, keine russischen Panzer in Prag 1968 und keine Unterdrückung der Solidarność‑Bewegung in Polen.
Heute gedenken wir der Opfer des Zweiten Weltkriegs vom 1. September 1939 bis zum 8. Mai 1945. Zugleich danken wir allen Männern und Frauen, die in Mittel‑ und Osteuropa nach dem 8. Mai 1945 mutig gegen die kommunistische Diktatur und die russische Vorherrschaft aufgestanden sind. Ihr Einsatz für Freiheit und nationale Selbstbestimmung bleibt ein unverzichtbarer Teil des europäischen Erbes.
Javi López (S&D). – Señora presidenta, hoy conmemoramos el 80.º aniversario del fin de la Segunda Guerra Mundial, la guerra que desoló Europa, que mostró la cara más cruel del ser humano y de los espeluznantes horrores de los que somos capaces, de los que el hombre es capaz. La guerra no solo asesina a los vivos, acaba perdurando sobre las futuras generaciones.
Hoy enormes cicatrices de esta guerra perduran aquí, en Europa. De aquella oscuridad y de las cenizas de esa guerra construimos las instituciones que hoy disfrutamos, la Europa de la paz y la dignidad, de la democracia y las libertades: la Europa de la reconciliación.
Es una Europa que vuelve a estar amenazada por el totalitarismo y el autoritarismo que padecimos entonces, de líderes autoritarios que desde fuera amenazan la seguridad europea, de líderes autoritarios que también tienen peones aquí, en las instituciones europeas, y que amenazan con liquidar la democracia y las libertades que hoy disfrutamos. Son autoritarios que utilizan las mismas ideas e instrumentalizan el aislamiento, el miedo y la mentira para sembrar el odio frente a lo que nosotros reivindicamos: la verdad, la justicia y la memoria. Una Europa unida es la única respuesta frente a la barbarie.
Hermann Tertsch (PfE). – Señor presidente, hace ochenta años la derrota militar del nacionalsocialismo alemán cerró una de las páginas más monstruosas de la historia de la humanidad, generada, recuérdenlo, en Europa y por Europa. Fue la nación de los poetas y los pensadores la causante del genocidio industrializado que fue el Holocausto del pueblo judío y el incendio de todo el continente. Fue la arrogancia del idealismo totalitario la que prima la utopía humana sobre la sacralidad de la vida hasta caer al agujero negro del crimen total.
Iban al mundo ideal. «Am deutschen Wesen soll die Welt genesen»: la esencia alemana sanará al mundo. Resuena inquietante en la arrogancia de los que hoy marginan al discrepante. Aquella guerra mató a sesenta millones de personas. El nazismo sucumbió en doce años, pero quedó el comunismo, la otra ideología redentora en pos del ideal que solo genera infiernos. El comunismo asesinó a más de cien millones, sigue hoy vivo y presente y está también aquí en esta sala. Porque el 8 de mayo se liberó una parte de Europa, pero, en la otra, solo se cambió una tiranía por la otra.
El comunismo se transformó y, si en Rusia tenemos una oligarquía agresora y criminal, hoy en Occidente lo tenemos disfrazado de ingeniería social, del igualitarismo colectivista, del socialismo que persigue los mismos fines. En honor de tantos millones de víctimas, defendamos la libertad y la verdad, las armas supremas frente a ideologías redentoras, totalitarias y criminales siempre.
Adrian-George Axinia (ECR). – Doamnă președintă, există un citat anonim celebru care descrie cumva ciclicitatea războiului pe tărâm european: „Vremurile bune creează oameni puternici, oamenii puternici creează vremuri bune. Vremurile bune creează oameni slabi și oamenii slabi creează vremuri grele.”
Într-o Europă a prosperității, la 80 de ani de la sfârșitul celui de-al Doilea Război Mondial, cu o inconștiență veselă, proiectul nostru se îndreaptă pe bâjbâite către un nou conflict paneuropean. Și asta din cauza unei conduceri a Uniunii Europene rupte de realitate și de voința cetățenilor europeni.
M-am bucurat să aud vorbindu-se despre ce am reușit să construim în ultimii 80 de ani pe continent: libertate, prosperitate, securitate. Era bine dacă insistam pe cuvântul pace, care lipsește din descrierea acestui eveniment. Cât despre democrație, aș fi vrut să văd în ultima jumătate de an mai multe reacții față de abuzurile antidemocratice comise de puterea politică din România. Nu cum a făcut Bruxelles-ul, care a închis ochii sau chiar a aplaudat anularea voinței cetățenilor români. Din fericire, vocea lor s-a făcut auzită pe 4 mai și se va face auzită și pe 18 mai.
Marie-Agnes Strack-Zimmermann (Renew). – Frau Präsidentin! „Es ist geschehen, und folglich kann es wieder geschehen.“ – So warnte der italienische Schriftsteller und Auschwitzüberlebende Primo Levi davor, den Zivilisationsbruch der Nazis zu vergessen, denn das Ende des Zweiten Weltkriegs erinnert an die Befreiung vom nationalsozialistischen Terror. Und daher erinnern wir auch an die Jahre vor 1945. Wie konnten zivilisierte Menschen zu diesem Grauen fähig sein? 80 Jahre später wird in Deutschland die AfD vom Verfassungsschutz als rechtsextrem eingestuft. Rechte Kräfte sind in ganz Europa seit Jahren auf dem Vormarsch. In den USA regiert ein Präsident, der offensichtlich das Autoritäre liebt.
Liebe Kolleginnen und Kollegen, die EU ist das größte und wunderbarste Friedensprojekt der Welt. Gerade uns sollte die Vergangenheit mahnen, was passieren kann, wenn Demokratien zerbrechen und autoritäre Regime an ihre Stelle treten. Lassen Sie uns deswegen wehrhaft sein, nach außen wie nach innen, damit das, was geschehen ist, nie wieder geschieht.
(Die Rednerin ist damit einverstanden, auf mehrere Fragen nach dem Verfahren der „blauen Karte“ zu antworten.)
Arkadiusz Mularczyk (ECR), pytanie zadane przez podniesienie niebieskiej kartki. – Pani Poseł! Jest Pani przedstawicielką narodu, państwa, które wywołało II wojnę światową, wyrządziło ogromne cierpienia dla mojego narodu, dla Polski, ale również dla innych narodów europejskich, dla Grecji.
Dlaczego Niemcy nie chcą zapłacić reparacji wojennych Polsce – odszkodowania za II wojnę światową?
Państwa naród, naziści, wymordowali 6 milionów Polaków, zniszczyli Polskę i do dzisiaj nie chcą się z Polską rozliczyć. Kiedy zapłacicie swój dług wobec Polski i Grecji?
Marie-Agnes Strack-Zimmermann (Renew), Antwort auf eine Frage nach dem Verfahren der „blauen Karte“. – Vielen Dank für Ihre Einlassung. Deutschland hat gerade nach dem Fall der Mauer mit Unterstützung der Vereinigten Staaten, der Franzosen und auch der Briten gelernt, was Demokratie bedeutet. Ich glaube, wenn ich zurückschaue nach 80 Jahren, dass wir im Austausch mit unseren Nachbarn, mit unseren Nationen alles getan haben, was man tun muss, um in Frieden und Freiheit gemeinsam zu leben. Und deswegen: Ja, ich stehe hier als deutsche Staatsbürgerin, und ich war seinerzeit noch nicht geboren. Wir haben in Deutschland die Geschichte 80 Jahre lang – und das ist gut so – aufgearbeitet, bis heute. Ich bezweifle, dass es Länder gibt, wo die Geschichte des Mittuns aufgearbeitet worden ist. Wir haben es getan, und wir werden in Deutschland dafür sorgen, dass nie vergessen wird, was die Nazis diesem Kontinent und darüber hinaus angetan haben. Denn es ist richtig: Über 60 Millionen Menschen haben das Leben verloren. Deutschland ist ein demokratischer Staat, und wir sind in Verantwortung. Wir sind glücklich, hier Teil der Europäischen Union zu sein.
Marie-Agnes Strack-Zimmermann (Renew), Antwort auf eine Frage nach dem Verfahren der „blauen Karte“. – Sie sind Mitglied einer Partei, die als gesichert rechtsextrem gilt. Ich glaube, Ihre Immunität ist gerade aufgehoben worden – korrigieren Sie mich, wenn das falsch ist. Dass Sie überhaupt die Traute haben, so zu sprechen. Ich habe gerade, wenn Sie zugehört haben, gesagt, in den USA regiert ein Präsident, der offensichtlich das Autoritäre liebt, so wie Sie es lieben. Und ich sage Ihnen: Die Mehrheit in diesem Hause wird nicht zulassen, dass Politiker wie Sie und Ihre Partei – die hier sitzt, die hier sich hat reinwählen lassen, nicht um Europa nach vorne zu bringen, sondern um dieses Europa von innen zu zerstören – diese Europäische Union zerstören. Deswegen sage ich: Wir haben nicht nur nach außen wehrhaft zu sein, sondern auch nach innen, damit solche Politiker wie Sie diese Europäische Union nicht zerstören.
Nela Riehl (Verts/ALE). – Madam President, what is the most important EU value to you? To that question, young Europeans answered: human rights, democracy and peace. Eighty years after World War II, these values are still our most important heritage.
But as Russia’s invasion of Ukraine has shown, peace and democracy are not a given – they call for a commitment. A commitment to not remain silent when extremist regimes deliberately starve civilians and commit war atrocities. A commitment from democratic forces to raise strong firewalls against the far right in Europe. And a commitment to remain vigilant when our allies progressively turn their back on democracy, censoring researchers and activists or threatening the rights of minorities and women.
But what does this actually mean for us? It means we cannot compromise on the freedom of our artists, our universities, our citizens. Europe must remain a hub of creativity, of knowledge and also of democracy, providing equal opportunities for all. It means we cannot let foreign forces interfere in our democratic processes, be it in the ballots or on social media. And it means we cannot be complicit when fundamental rights are being walked over, all in this very Union.
Turning a blind eye would be a betrayal to the lessons our grandparents painfully learned. Our European Union youth is rightfully demanding us to stay loyal to this heritage. More than a celebration, today’s anniversary is a reminder of Europe’s responsibility.
Marina Mesure (The Left). – Madame la Présidente, chers collègues, nous ne devons jamais oublier l’horreur de cette guerre. Ne jamais oublier le visage de tous ces innocents qui ont péri dans les camps ou sur les champs de bataille, ni celui de celles et ceux qui ont résisté avec courage pour notre liberté. Ne jamais oublier que cette guerre totale fut provoquée par des régimes d’extrême droite, car, oui, ce qui fait le ciment de nos sociétés européennes est de nouveau menacé. Le retour en force de l’extrême droite met en péril l’unité des peuples en désignant, comme en 1940, des ennemis de l’intérieur et en rejetant l’état de droit, garant des libertés fondamentales. En s’alimentant sur la montée des inégalités, en banalisant les discours de haine, ils créent le ferment de la division.
Face à cette menace, rappelons-nous que du chaos de la Seconde Guerre mondiale est sorti un héritage commun, celui des Nations unies, un internationalisme guidé par un idéal de paix, de coopération, de solidarité entre les peuples. Un héritage qui nous montre la voie et qu’il convient de protéger.
Ainsi, en cette journée de commémoration, ne laissons pas l’oubli envahir nos cœurs. Gardons cette mémoire vive et continuons à lutter avec force et détermination pour un projet humaniste et universaliste.
Ruth Firmenich (NI). – Frau Präsidentin, meine Damen und Herren! Heute vor 80 Jahren wurde Deutschland vom Faschismus befreit. Heute ist der Tag, den Befreiern aus der Sowjetunion, den USA, Großbritannien und Frankreich sowie den Partisanen zu danken, die für unsere Freiheit gekämpft haben. Es war die Sowjetunion, die die Hauptlast im Kampf gegen den Hitlerfaschismus getragen hat. Über 27 Millionen Sowjetbürger, die meisten davon Zivilisten, starben beim Feldzug der Nazis, der die slawischen Völker versklaven und vernichten sollte – mehr als eine Million allein bei der Blockade Leningrads. Doch die deutsche Bundesregierung weigert sich, dieses Verbrechen als Völkermord anzuerkennen.
Die Erinnerung an die Geschichte ist in Gefahr. Leider gibt es – auch hier im Haus – Versuche, den Anteil der Sowjetunion am Sieg über Nazideutschland kleinzureden. Aber es war die Rote Armee, die das Vernichtungslager Auschwitz und das Konzentrationslager Sachsenhausen bei Berlin befreite. Es ist eine Schande, wenn Vertreter Russlands, des größten Nachfolgestaats der Sowjetunion, am 80. Jahrestag der Befreiung vom Gedenken ausgeschlossen werden. Wir dürfen es nicht zulassen, dass die Geschichte verfälscht wird. Das sind wir auch den Millionen Opfern des deutschen Faschismus schuldig.
Łukasz Kohut (PPE). – Pani Przewodnicząca! Wojna nie jest rozwiązaniem – zawsze jest okrucieństwem. Wojna niszczy to, co piękne, poddaje w wątpliwość to, co słuszne, i nie pozostawia wyboru dla tego, co konieczne. Wojna nie nauczyła nas niczego, co wartościowe. Uświadomiła nam jednak, na co już nigdy nie możemy pozwolić i co za wszelką cenę musimy powstrzymać.
80 lat temu zakończyły się działania wojenne. Nie wszędzie przyniosły pokój. Są miejsca w Europie, gdzie Armia Czerwona kontynuowała to, co rozpoczął Adolf Hitler. Tak było na Śląsku, gdzie Sowieci popełniali najobrzydliwsze zbrodnie na miejscowej ludności. Takich miejsc jak Śląsk było więcej. Jeden terror zastąpił drugi.
Wojna w Ukrainie przypomina nam, że nic nie jest dane raz na zawsze, że pokój nie spada z nieba. Więcej: pokój wymaga ciągłej pracy, ciągłej walki, nieustannych kompromisów czy rezygnacji z wybujałych ambicji.
80 lat temu okrucieństwa wojny zmieniły nie tylko układ sił, granic, wygląd miast, ale także nas samych, Europejczyków. Wolność, demokracja, bezpieczeństwo – te trzy elementy składają się na nasze wspólne europejskie dziedzictwo, któremu nadaliśmy konkretną nazwę: Unia Europejska.
To jest droga, którą podążamy. Może bywa wyboista i trudna, bo nic, co wartościowe, nie przychodzi łatwo, ale nie ma większego sukcesu Europejczyków niż pokój, który nam zapewnia.
António Tânger Corrêa (PfE). – Senhora Presidente, caros colegas, celebra-se hoje — e é motivo para celebrar — o fim da Segunda Guerra Mundial, a maior guerra que o mundo já conheceu até hoje.
Não, não foram 50 milhões, não foram 60 milhões, foram 75 milhões, entre militares, civis e genocídios. 3 % da população mundial na altura morreu devido à guerra. Isto não se pode repetir.
Mas, se o fim da guerra foi uma boa notícia, a melhor notícia foi a criação de um espaço de paz e prosperidade chamado União Europeia. E a União Europeia tem de ser reforçada, mas tem de ser reforçada com países soberanos, e não com estruturas federais ou federalistas que nos querem impor soluções. Nós somos diferentes uns dos outros e temos muita honra nessas diferenças, e queremos mantê-las — pela positiva, com colaboração, mas cada um de nós é diferente do outro, e isso é altamente positivo para a criação de um corpo como a União Europeia.
Por outro lado, em termos de defesa, é bom que não inventemos muito. Nós temos a NATO, que é uma organização fiel a si própria e a nós próprios, e que tem sempre acorrido quando nós precisamos dela. E não nos esqueçamos de que os Estados Unidos da América do Norte têm sido o garante da nossa liberdade, e nós, a partir de agora, temos de ser também os garantes da nossa liberdade, para que nunca mais se repitam os horrores desta guerra cujo fim agora celebramos.
Michał Kobosko (Renew). – Pani Przewodnicząca! Jestem z Polski, kraju, który najbardziej ucierpiał podczas II wojny światowej. Miliony istnień ludzkich – Polaków, ale i Żydów – zostało zabitych w imię nienawiści i podziałów – społeczność, która od wieków znajdowała swoje miejsce właśnie w Polsce, w kraju porozumienia i tolerancji.
Po zagładzie milionów ludzi, destrukcji setek miast i traumie na pokolenia przyszedł pokój. To właśnie dlatego dokładnie 75 lat temu zaczęła powstawać Unia Europejska. By budować pokój i wspólnotę.
Nie łudźmy się: eurosceptycyzm karmiony radykalizmem, napędzany pieniędzmi z Moskwy, to droga w przeszłość, droga do katastrofy. Dlatego z całą mocą potępiam dziś haniebne antysemickie wystąpienia posła Grzegorza Brauna. To nie tylko mowa nienawiści, to atak na wartości, na których zbudowana jest Europa.
Apeluję też do eurosceptyków: otwórzcie podręczniki historii, zobaczcie, jak wiele dał nam projekt europejski – gwarantuje wolność, bezpieczeństwo i współpracę, jak nigdy wcześniej w dziejach Europy.
Benedetta Scuderi (Verts/ALE). – Signora Presidente, onorevoli colleghi, la Seconda guerra mondiale non è arrivata per la mera follia di un paio di dittatori: è stato anche il calcolo miope di chi, pur di fermare l’avanzata delle istanze sociali, ha preferito cedere spazio ai fascisti.
Liberali e popolari pensavano di poterli usare come argine e usare la loro violenza a favore di un proprio profitto momentaneo. Il capitale ha scelto di sostenerli. Ma l’argine ha ceduto e si sono ritrovati complici di una catastrofe, il cui prezzo l’hanno pagato milioni di persone.
Chi scioperava o dissentiva veniva schedato, perseguito. La polizia entrava nelle università, i giornalisti venivano spiati. L’odio diventava linguaggio politico, i diritti una concessione temporanea, le donne ancor più discriminate, l’omosessualità sempre più illegale. La corsa al riarmo venne definita giustificata, inevitabile. E poi la pagina più buia: il genocidio, coperto da un silenzio complice.
Never again, abbiamo detto. Eppure questa descrizione potrebbe essere il telegiornale di oggi. Contro quella guerra, quegli orrori, il fascismo nasce questa istituzione; un’istituzione che doveva proteggere la pace, il disarmo, l’unione tra popoli, combattere per il diritto internazionale e contro ogni genocidio. Lo stiamo facendo?
Colleghi e colleghe, rileggiamo la storia e guardatevi bene dentro e ditemi se pensate che questa sia la direzione giusta. Ogni volta che scegliete di stare dalla parte di chi priva della libertà e dello Stato di diritto, la parte di Meloni, Orban, Trump, Putin e tutti gli altri, state svendendo libertà, pace e democrazia.
Danilo Della Valle (The Left). – Signora Presidente, onorevoli colleghi, forse c’è un piccolo misunderstanding nella discussione di oggi. Noi festeggiamo la fine della Seconda guerra mondiale: ma non dobbiamo mai dimenticare che è stata l’Europa che ha partorito il mostro del nazifascismo. Hitler e Mussolini non erano dei pazzi venuti da Marte ma il prodotto di un’ideologia suprematista che sopravvive ancora oggi e non sopravvive solo in chi aderisce alle formazioni estremiste.
Dobbiamo ricordare perché solo con la memoria possiamo evitare di ricadere nel baratro del passato. Dobbiamo ricordare cosa accadde nei lager e il genocidio che ne scaturì, nei quali persero la vita 6 milioni di ebrei, mezzo milione di sinti e milioni di cittadini sovietici. Oggi qualcuno vorrebbe riscrivere quella storia, escludendo dai festeggiamenti gli ex popoli sovietici, i russi e i popoli slavi, ma per pure ragioni di convenienza geopolitica.
Quello che accade oggi in Ucraina non può essere la scusa per cancellare il contributo di vite umane che i russi, i polacchi, i popoli slavi e sovietici tutti hanno pagato per liberare tutti noi dal nazifascismo: 27 milioni di sovietici, uomini, donne e bambini massacrati, bruciati vivi nei villaggi, mandati al fronte a difendere un’Europa che forse non li considerava neanche dei pari, ma che hanno contribuito a liberare.
Quelle morti meritano il rispetto e il nostro ricordo. La memoria ci obbliga alla pace, alla verità e al rispetto di tutti i popoli che hanno pagato il prezzo per la libertà.
Zsuzsanna Borvendég (ESN). – Elnök Asszony! A történelmi bűnökből okulni kell, nem megismételni. Miközben a békét hirdetik, az emberiséget egy újabb világháború felé sodorják. Magyarországon a második világháború vége szovjet megszállást hozott. A nagyhatalmak a megkérdezésünk nélkül döntöttek a sorsunkról. Megtanultuk, hogy a háborúk soha nem az igazságról, hanem a pénzről, a hatalomról és a politikai érdekekről szólnak, ahogy sajnos a békék is. Mégis, mindent meg kell tennünk a fegyvernyugvásért.
De Európa nem tanult a múltból, újra fegyverkezéssel akarja megoldani a gazdasági problémáit, természetellenes ideológiákkal harcol a gondolatszabadság ellen, asszisztál a politikai ellenvélemények elhallgattatásához, és tagadja a realitásokat. Európa alapvető érdeke a békés gazdasági együttműködés Oroszországgal. Ahányszor ez megvalósulóban volt a történelem során, kitört egy háború. Most is ez történt. Idegen érdekek rángatják dróton Európát, miközben a végromlásba döntenek minket. Vessünk végre véget ennek! Ne beszéljünk a békéről, hanem valósítsuk meg!
Ondřej Dostál (NI). – Paní předsedající, vážení kolegové, za vítězství nad nacismem položily své životy miliony spojeneckých vojáků. Bohužel zapomínáme na ty, kteří přinesli obětí nejvíce. Stydím se za kolegy, kteří tvrdí, že Československo osvobodili jen Američané. Řekli byste to matkám sovětských padlých při osvobození naší země? Řekli byste zbídačelým vězňům v Osvětimi, že příchodem sovětské armády nebyli osvobozeni, ale okupováni? Stydím se za svou vládu, že neuctí padlé z řad sovětské armády, a jsem rád, že tak za bývalé Československo učiní premiér Robert Fico, ač je za to ostouzen. Rozhodl jsem se proto, že i já zítra položím květy k hrobu Neznámého vojína v Moskvě. Činím tak ze tří důvodů. Zaprvé, z osobního přesvědčení, že na padlé se nezapomíná. Za druhé, z vůle mých voličů, kteří mají hrůzy nacismu stále v paměti. Zatřetí, z vůle po míru. Oslava 80. výročí porážky nacismu nás spojuje a může otevřít cestu k míru, k diplomacii, k vyřešení nynějšího konfliktu, který vojenské řešení nemá. Přeji šťastnou cestu všem státníkům, ať už míří na oslavy kamkoli, a prosím je, aby šířili vůli po míru v souladu s principy Charty OSN. Já tak zítra učiním.
Wouter Beke (PPE). – Voorzitter, vandaag herdenken we het einde van de Tweede Wereldoorlog. Tachtig jaar geleden, in de puinhopen van 1945, kozen visionaire leiders zoals Adenauer, Schuman en De Gasperi voor verzoening, verzoening boven wraak, samenwerking boven conflict, democratie boven dictatuur.
Hun radicale antwoord legde de kiem van waar wij vandaag nog steeds de vruchten van plukken. Een Europese Unie van gedeelde soevereiniteit, democratie en menselijke waardigheid. Die keuze blijft brandend actueel, want extremen in Europa – we hebben het hier vandaag in het debat opnieuw gezien – willen onze rechtsstaat ondermijnen en proberen de banden te breken die ons juist samenhouden.
En de agressie tegen Oekraïne dwingt ons tot een sterker defensiebeleid, juist om een nieuwe oorlog te voorkomen. Een slagkrachtiger Europa is niet de vijand van de subsidiariteit, maar het is juist de voorwaarde van subsidiariteit. Alleen via samenwerking kunnen we onze veiligheid, onze grondrechten en onze welvaart garanderen.
Ik heb drie kinderen en ik hoop dat ze kunnen opgroeien in een Europa waarin vrijheid, democratie en menselijke waardigheid geen uitzondering zijn, maar de regel blijven. Laten we daarom vastberaden verder investeren in de Unie. Een Unie die uit deze puin verrezen is, want het is de beste garantie voor onze toekomst.
Francisco Assis (S&D). – Senhora Presidente, em 18 de junho do já longínquo verão de 1940, um general do exército francês, à revelia do poder instituído, lançou um repto aos seus compatriotas: «não se rendam.» Charles de Gaulle constitui uma das mais sugestivas manifestações do papel do indivíduo na história e da importância da ação livre no curso dos acontecimentos humanos.
Hannah Arendt, depois de assistir ao julgamento de Adolf Eichmann em Israel, desenvolveu a ideia da banalidade do mal. O homem que aceita ser uma peça acrítica num mecanismo institucional monstruoso torna-se irremissivelmente um agente do mal. Não há inocência na aceitação pacífica da perfídia. Eichmann, na sua pavorosa normalidade, representa o ser humano burocratizado e reduzido a uma condição não moral.
De Gaulle representa o contrário de tudo isto. Ele sabia os riscos que corria. Numa conversa com amigos, terá dito «vão tomar-me por um aventureiro e, contudo, nunca fui um aventureiro. Dirão que sou um rebelde porque me recuso a obedecer a certas ordens. Mas os verdadeiros rebeldes são os que não obedecem ao dever mais sagrado: defender o seu país até à derradeira possibilidade, ao lado do seu último aliado. Vão talvez condenar-me à morte. Até aqui, os generais condenavam à morte os simples soldados que iam abandonar o campo de batalha. Desta vez vão condenar um general que se recusou a fugir desse mesmo campo de batalha».
Essa é a grande lição de Charles de Gaulle. Nós, em certas circunstâncias, não podemos fugir do campo de batalha.
(O orador aceita responder a uma pergunta «cartão azul»)
Francisco Assis (S&D), Resposta segundo o procedimento «cartão azul». – Caro Deputado Sebastião Bugalho e caro amigo, eu julgo que há determinadas circunstâncias em que nós temos de saber transcender aquilo que são os nossos posicionamentos políticos. Há momentos para a disputa política mais banal e mais quotidiana, e há outros momentos em que temos de estar acima disso.
E, se há exemplo na Europa — e neste último século há vários —, um deles foi e é indiscutivelmente o do general De Gaulle. Estando hoje aqui em Estrasburgo, estando hoje aqui em França, parecer-me-ia uma enorme injustiça que neste Parlamento ninguém se referisse a essa figura absolutamente extraordinária do século XX europeu que foi o general Charles de Gaulle.
De Gaulle representa tudo, representa o que de mais relevante um homem de Estado pode representar, a luta pela liberdade, a coragem, a disponibilidade para correr o risco de vida em nome de valores mais altos.
Anders Vistisen (PfE). – Fru formand! I dag markerer vi 80-året for nazisternes kapitulation. Et historisk øjeblik, hvor Europas frie nationer og modige folk besejrede en af de mest brutale ideologier, som verden har kendt. Det burde være en dag dedikeret til de, der kæmpede, led og døde for et frit Europa. Men i stedet for har huset her lavet det om til en trang til at promovere jeres eget føderale projekt. Intet symboliserer det bedre end den bevilling, I har givet til Huset for Europæisk Historie. Et såkaldt museum, som I har brugt mere end 400 millioner kroner af skatteborgernes penge på. Her forsøger I at skrive historien om. Det fremstår som om, at Europas historie begynder i 1945 og som om, at det ikke er nationalstaterne, der er udgangspunktet for den civilisation, fred og fremgang, Europa har kendt. Det er historisk manipulation og ideologisk propaganda, og det er en hån imod de generationer, der i over tusinde år har opbygget de nationer, kæmpet for den frihed og skabt den kulturarv, som Europa udgør. EU er ved at udvaske det hele i jagten på en føderal superstat.
Rihards Kols (ECR). – Madam President, dear colleagues, for Western Europe World War Two ended in May 1945, but for millions in Central and Eastern Europe, Latvia included, the end of the tyranny meant the beginning of another. Soviet tanks replaced Nazi boots. Freedom was postponed for nearly five decades.
Nazi crimes were prosecuted at Nuremberg, justice was served, and rightly so. But there was no Nuremberg for Communism, no tribunal for the gulags, the deportations, the erasure of Baltic independence.
Europe’s memory remains divided. This is no accident; it’s by design. The Kremlin today wages war not only on Ukraine, but on historical truth itself. It denies the Molotov-Ribbentrop pact, glorifies Stalinism under the banner of liberation, and brands our resistance as fascism.
Historical revisionism is a weapon, a tool to legitimise aggression, blur guilt and erase the suffering of nations. A united Europe demands a united memory, one that condemns all totalitarian regimes. There can be no reconciliation without truth and no security if lies go unchallenged.
Charles Goerens (Renew). – Madame la Présidente, voici ce que nous inspire le 80ᵉ anniversaire de la fin de la Seconde Guerre mondiale: premièrement, de la reconnaissance en saluant les mérites de ceux qui nous ont libérés. J’entends par là, bien entendu, la résistance dans tous nos États membres, l’apport des Américains et aussi celui de l’Armée rouge – l’Armée rouge, dans le temps, était différente de ce que font les soldats russes en Ukraine actuellement.
Deuxièmement, retenir les leçons de l’histoire. L’«appeasement» ne peut en aucun cas être le fil conducteur de la politique extérieure de l’Union européenne aujourd’hui. Nous avons vu où cela a mené dans les années 1930.
Troisièmement, dans un monde où seul semble compter le rapport de force, nous devons être plus solidaires et développer davantage le projet européen.
Quatrièmement, l’Europe est seule, mais elle est encore là. Il faut continuer à travailler sur le projet.
Ce matin, en venant ici, j’ai entendu sur Deutschlandfunk une phrase historique prononcée par Richard von Weizsäcker il y a 40 ans:
„Der 8. Mai war ein Tag der Befreiung.“
Je crois qu’il faut que nous nous inspirions de cette phase, qui a une profondeur historique exemplaire.
IN THE CHAIR: ESTEBAN GONZÁLEZ PONS
Vice-PresidentJaume Asens Llodrà (Verts/ALE). – Señor presidente, hoy no basta con recordar. Hay que reconocer el mal cuando se repite con otras víctimas y con otros rostros. La memoria debe servir para prevenir el mal, no como coartada para practicarlo. Eso nos lo recuerdan algunos intelectuales judíos de Israel como Idith Zertal o Meir Margalit cuando nos dicen que Israel utiliza el pasado como escudo para no rendir cuentas con el presente y que Europa —y especialmente Alemania— se aferra a su culpa histórica para seguir manteniendo su lealtad a un Gobierno que está practicando otro genocidio, y así traiciona precisamente aquello que prometió no volver a repetir: nunca más el exterminio de un pueblo, nunca más la complicidad de las democracias europeas.
Pero ahora, a diferencia de entonces, no podemos decir que no sabíamos nada, porque Europa sigue mandando armas, sigue manteniendo el acuerdo comercial con Netanyahu. ¿Qué culpa tienen los palestinos de lo que hicieron en el pasado los europeos, de lo que hicieron algunos, que son los padres ideológicos de los que están hoy aquí sentados y que justifican otra vez otro genocidio? Como entonces, la historia les está mirando a ustedes y les va a volver a juzgar.
João Oliveira (The Left). – Senhor Presidente, a evocação dos 80 anos do dia da vitória sobre o nazifascismo tem de servir para lembrar as duras lições aprendidas pela humanidade com a tragédia dessa guerra, para que os povos possam evitar a sua repetição.
O legado da barbárie nazifascista é uma destruição sem precedentes — o genocídio, os campos de concentração, as dezenas de milhões de mortos. Com 20 milhões de mortos, foi a União Soviética quem suportou o maior sacrifício do conjunto da coligação de países aliados formada durante a guerra.
Democratas de vários quadrantes construíram a luta de resistência. O papel destacado assumido pelos comunistas foi determinante e, por isso, ainda hoje, os herdeiros das forças nazifascistas e os seus cúmplices destilam ódio anticomunista.
Nos 80 anos do dia da vitória, é imprescindível relembrar que o combate ao nazismo e ao fascismo, às forças reacionárias e obscurantistas também se faz dando resposta aos problemas dos trabalhadores e dos povos, com a melhoria das suas condições de vida, a garantia dos direitos sociais, o respeito pelo direito dos Estados ao seu desenvolvimento, com a defesa intransigente da paz e da cooperação.
O rasto de morte e destruição da barbárie nazifascista tem de ser suficiente para que hoje façamos tudo para defender a paz, a segurança coletiva e a resolução política dos conflitos. Estas são lutas que partilhamos com as gerações anteriores e, tal como há 80 anos, os comunistas cá continuarão para as travar.
Danuše Nerudová (PPE). – Pane předsedající, kolegové, dnes si připomínáme konec druhé světové války. Den vítězství, odvahy a naděje těch, kteří bojovali za svobodu a demokracii, protože věřili, že po porážce nacismu přijde svobodný svět. Jenže do střední a východní Evropy místo svobody přišla další temnota. Ti, kterým jsme desítky let museli říkat osvoboditelé, přinesli jen nový teror, popravy, lágry a totalitu. Zlo vystřídalo jen další zlo. Jejich oběťmi se stali skuteční hrdinové, letci RAF, legionáři nebo odbojáři. Ti všichni byli pronásledováni, vězněni a trestáni, protože pro totalitní režim znamenali vše, co moskevské loutky neměly – svobodu, hrdinství a lásku k demokracii. Dnes, 80 let poté, se kolaborace se zlem znovu stává závažným problémem celé Evropy. Naše demokracie dokonce umožňuje, že někteří podporovatelé fašismu a komunismu pořád sedí s námi tady v Evropském parlamentu a mají tu drzost šířit ruskou propagandu a lež. Přála bych si, abychom i my, stejně jako naši váleční hrdinové, měli odvahu čelit zlu. Začněme nazývat věci správnými jmény. Skutečný osvoboditel nikdy nemůže přinést novou totalitu. Svůj proslov věnuji všem československým hrdinům, včetně letců RAF, kteří po skončení druhé světové války byli zavražděni a umučeni komunisty.
Cecilia Strada (S&D). – Signor presidente, onorevoli colleghi, se l’Europa si occuperà solo dei problemi interni dei singoli Paesi, resteranno in piedi le cause di conflitti, di militarismi, di guerre. Così scrivevano Altiero Spinelli e gli altri fondatori del Movimento federalista europeo nel pieno della Seconda guerra mondiale, finita 80 anni fa. Una triste profezia.
Oggi i ragazzi e le ragazze d’Europa studiano gli orrori della Seconda guerra mondiale, il genocidio degli ebrei, lo sterminio di disabili, rom, sinti, omosessuali e si chiedono: qualcuno poteva fermare questo orrore e non l’ha fatto?
Fra qualche anno anche noi saremo sui libri di storia: Commissione, Consiglio, questo Parlamento. Saremo su una pagina nera. Ottant’anni dopo l’Olocausto i cittadini del mondo guardano il genocidio della popolazione palestinese teorizzato e portato avanti dal governo di Israele e ci chiedono: perché non fermate la strage? Perché continuate a vendere armi a Israele? Perché siete complici di tutto questo? Perché?
Sono passati 80 anni e, come diceva Gramsci, la storia insegna ma non ha scolari. Che vergogna!
Alexandre Varaut (PfE). – Monsieur le Président, au moment d’évoquer l’anniversaire de la fin de la Seconde Guerre mondiale, je veux d’abord évoquer les soldats, les civils, les résistants français, acteurs ou victimes de cette guerre, et avoir une pensée personnelle pour mon grand-père, décoré de la Croix de guerre pour sa contribution à la Résistance.
Nous commémorons aujourd’hui la liberté comme patrimoine pour l’Europe; pour l’Europe, mais pas pour les millions d’Européens de l’Est livrés à Staline, qui fut l’allié de Hitler jusqu’à l’été 1941, ne l’oublions pas. Aujourd’hui, le soviétisme a disparu à son tour, mais à quel profit?
La liberté et la démocratie sont refusées par les libéraux et les démocrates prétendus à leurs adversaires en Roumanie ou en Hongrie, montrant que, dans leur bouche, ces principes universels sont un capital politique qu’ils exploitent, mais ne respectent pas. La sécurité est absente de nos sociétés fracturées par l’immigration de masse. Les crimes se multiplient.
Ce bilan prouve que les leçons de la guerre n’ont pas été tirées. Il prouve que les idéologues modernes persistent à sacrifier des hommes et des vies à leurs utopies désastreuses. Il prouve que, de plus en plus contestés dans leur dogme, c’est à la répression idéologique ou juridique qu’ils recourent et qu’ils n’hésiteront pas, pour édifier leur paradis terrestre, à faire de l’Europe un purgatoire.
Dan Barna (Renew). – Domnule președinte, comemorăm astăzi 80 de ani de la Al Doilea Război Mondial, dar lecțiile sale sunt mai actuale ca niciodată. În ’38, când Germania nazistă anexa Austria, nu a fost doar un act de forță, el fusese pavat de o campanie neîncetată de propagandă și dezinformare. Regimul nazist a portretizat o narațiune falsă a unui popor austriac dornic de unire, fabricând crize și suprimând orice știre care contrazicea povestea oficială. Naziștii controlau informația și controlau percepția, făcând agresiunea lor să pară justificată, ba chiar binevenită.
În zilele noastre, lupta pentru adevăr s-a mutat pe ecranele din viața noastră. Dezinformarea, amplificată de viteza și amplitudinea rețelelor sociale, erodează încrederea în instituții și în democrație și poate destabiliza societăți. Tacticile evoluează – de la emisiuni radio și fotografii trucate, la deepfake-uri și bule conduse de algoritmi – dar scopul de a manipula adevărul pentru putere rămâne înfiorător de familiar.
Trecutul ne oferă o lecție dură și urgentă: trebuie să fim consumatori critici de informație. Trebuie să punem întrebări, trebuie să verificăm și trebuie să înțelegem agendele care se pot ascunde în spatele narațiunilor care ne sunt prezentate. Istoria ne arată că atunci când adevărul este compromis, libertatea și pacea sunt grav periclitate. Trebuie să învățăm din tenebrele trecutului pentru a proteja prezentul și viitorul.
Anna Strolenberg (Verts/ALE). – Mr President, ‘never again’ are words often spoken, but difficult to uphold. We are here amongst Europeans and we all have different war traumas, be it Nazism, Fascism, Communism or colonialism. These stories make us who we are, and these histories also put a great responsibility upon us to act when we see that freedom is taken away from others.
We are not doing that enough, Europe is not doing it enough. We are too silent about Netanyahu’s war crimes in Gaza. We are too timid in supporting Ukraine in defeating Russian imperialism.
We can do so much more, and I am proud that I can stand here and be critical, because this freedom is a luxury for some. I am proud that I am European, and that we managed to turn our history into the biggest peace project there is.
But I would be even prouder if we managed to live up to our responsibility and to show actions that speak louder than these words. Let’s live up to our responsibility, and let’s remember that ‘never again’ is not a prayer to the past, but a promise to the future.
Paulius Saudargas (PPE). – Mr President, honourable colleagues, eighty years ago Europe rose from the ashes of the most brutal war in human history. However, in some European countries, the suffering was not over. For Lithuanians, Latvians, Estonians, Ukrainians, Poles and many other nations occupied by the Soviet Union, it was the beginning of the new wave of Stalin’s repressions. Imprisonment in gulags, mass deportations to extreme exile demolished millions of lives. But we resisted; we fought the enemy. We fought alone. In Lithuania and Ukraine the partisan war lasted for a decade, taking away thousands of the bravest.
We must remember this in the context nowadays, because the enemy is the same. The peacemakers of the Second World War declared ‘we will never let this happen again’. Well, today these very foundations are under attack once more. The unprovoked and unjust invasion of Ukraine, war crimes, genocide of the Ukrainian people and mass propaganda mirrors the aggression and the suffering we once said would never be tolerated.
I ask everyone here today to keep that promise. Not any peace, but a just peace must be our ultimate goal, and only then, for the final time, can we say ‘never again’.
René Repasi (S&D). – Herr Präsident, liebe Kolleginnen und Kollegen! 80 Jahre nach dem Ende des Zweiten Weltkriegs verlassen uns die letzten Überlebenden der Schoah, der Konzentrationslager des Krieges. Mit ihnen verlieren wir nicht nur Zeitzeugen. Wir verlieren Stimmen, die aus erster Hand gewarnt haben, was passieren kann, wenn Hass und Gleichgültigkeit zusammenkommen. Wir dürfen niemals zulassen, dass ihre Erlebnisse verstummen. Wir müssen ihre Augen, ihre Herzen, ihre Gedanken sein. Sie haben das Unfassbare gesehen. Sie haben gelitten. Sie haben gewarnt. Und sie haben auf uns gehofft.
Jetzt mehr denn je ist es Zeit, diese Erinnerung nicht in Vergessenheit geraten zu lassen. Für uns Deutsche war das Ende des Weltkrieges eine Niederlage – nicht im Sinne nationaler Schmach, sondern als notwendiger Bruch mit einem verbrecherischen System. Die europäische Integration, die auf den Trümmern des Weltkrieges entstand, wurde geboren, um den Nationalismus, der nur das Trennende kennt und uns auf den Weg zum Krieg führt, zu überwinden. Es ist unsere Verantwortung, dieses Friedenswerk zu schützen und zu stärken. Denn Frieden ist nicht alles, aber ohne Frieden ist alles nichts!
(Der Redner ist damit einverstanden, auf mehrere Fragen nach dem Verfahren der „blauen Karte“ zu antworten.)
René Repasi (S&D), Antwort auf eine Frage nach dem Verfahren der „blauen Karte“. – Herr Kollege! Das, was Nazideutschland der Welt angetan hat, ist im Sinne von Kompensation niemals wiedergutmachbar. Dieses Verbrechen hat eine Intensität, dass es uns Deutsche, aber mit uns Deutschen uns Europäerinnen und Europäer und alle Bürgerinnen und Bürger dieser Welt niemals verlassen kann, weil es eine Verantwortung für unser alltägliches Handeln darstellt. Deswegen kann man sich von dieser Verantwortung auch nicht freikaufen, auch nicht freireden und heute auch nicht sagen, alles wäre jetzt wieder gut. Das ist es nicht, und das wird es nie sein. Das ist die politische Verantwortung, die wir als Deutsche, aber eben auch als Bürgerinnen und Bürger dieser Europäischen Union für immer tragen werden.
Arkadiusz Mularczyk (ECR), pytanie zadane przez podniesienie niebieskiej kartki. – Mam pytanie, czy ma Pan świadomość, że obecnie polskie ofiary II wojny światowej nie mają dostępu do drogi sądowej, nie mają możliwości dochodzenia roszczeń? Znam osobiście takie ofiary poszkodowane przez Pana dziadków, pradziadków. Czy ma Pan świadomość, że Niemcy nie zawarły nigdy z Polską żadnej umowy o naprawie szkód i zadośćuczynieniu ofiarom? Czy ma Pan świadomość, że Niemcy nie zapłaciły nic polskim ofiarom ani Polsce? Czy nie jest Wam, Niemcom, wstyd? Czy nie jest wstyd Unii Europejskiej za to, że odwraca głowę od tej sprawy?
Aurelijus Veryga (ECR). – Ponas pirmininke, 45-ųjų metų gegužės aštuntą dieną pasirašytas kapituliacijos aktas Lietuvai ir kitoms Baltijos šalims nereiškė nei karo pabaigos, nei laisvės. Save pristatantys išlaisvintojais sovietai „pamiršo“ išeiti iš išlaisvintų šalių, ir išlaisvintojai ėmėsi uoliai naikinti visus bent kiek pilietiškai nusiteikusius žmones. Tūkstančiai gyvuliniais vagonais buvo išvežti į Sibirą. Atimta žemė ir namai, sunaikinta pilietinė visuomenė, nevyriausybinės organizacijos bandė pasipriešinti ginklu miškuose, buvo nukankinti kalėjimuose, nužudyti ir išniekinti miestų aikštėse. Buvo bandoma sunaikinti kalbą, ribojama religijos laisvę, žiniasklaida tapo propagandos ruporais, klastojama istorija ir klastotėmis plaunamos vaikų smegenys. Tą teko patirti ir man, tuomet dar vaikui, augusiam sovietų okupuotoje Lietuvoje. Deja, Sovietų Sąjunga už visus nusikaltimus savo Niurnbergo neturėjo, o komunizmas visuotinai nebuvo pasmerktas. Vadinamasis išlaisvinimas mums virto ilgais dešimtmečiais okupacijos. Todėl raginame pasaulį išmokti Antrojo pasaulinio karo pamokas ir jų nekartoti.
Sunčana Glavak (PPE). – Poštovani predsjedavajući, kolegice i kolege, 80 godina od najkrvavijeg rata u ljudskoj povijesti Europa je podigla najhrabriji projekt mira, ali danas taj projekt je na iskušenju. Dok rat ponovo tutnji na europskom tlu gledamo porast populizma i autoritarizma. Strah zamjenjuje razum. Moramo se zapitati hoćemo li braniti ono što nas čini Europljanima.
Europa nije samo zajednica tržišta, već zajednica vrijednosti. Europa nije samo geografski prostor. Europa je ideja, ideja da razlike nisu slabost, već snaga i da se sloboda ne podrazumijeva. Mi to dobro znamo u Hrvatskoj. Kada govorimo o slobodi i o miru znamo koliko su sloboda i mir dragocjeni jer, nažalost, iskusili smo brutalnost velikosrpske agresije na Hrvatsku prije samo tridesetak godina. I pobijedili smo. Ali sjećamo se i žrtava nakon Drugog svjetskog rata. Sjećam se Macelja, Bleiburga i križnog puta.
Stoga svi moramo imati na umu da Europa nije gotova priča. Europa se piše svakog dana, a pitanje je jednostavno: hoćemo li biti njezini autori ili promatrači?
Vytenis Povilas Andriukaitis (S&D). – Labai ačiū, gerbiamasis posėdžio pirmininke, gerbiamas komisare, kolegos, išties kalbėsiu kaip laisvės kovų dalyvis, disidentas, kurį septynis kartus tardė KGB, du kartus suėmė, kuris devyniasdešimtųjų kovo vienuoliktąją pasirašė Nepriklausomybės deklaraciją, Petrai Gražuli. Taigi keturiasdešimt pirmų metų birželio keturioliktą Hitleris okupavo Paryžių. Tą pačią dieną Stalinas pateikė ultimatumą Lietuvai ir mano tėvai 17 metų praleido Stalino gulaguose. Džiaugiuosi, kad mano tėvas buvo 45 pabaltijiečių memorandumo signataras. Ir ačiū Europos Parlamentui, kuris 1983 m. sausio 13 d. priėmė rezoliuciją dėl Estijos, Latvijos, Lietuvos laisvės. Džiaugiuosi ir dėl to, kad šiame Parlamente skamba dvi pavardės: Simone Weil ir Altero Spinelli. Ir taigi šios dvi pavardės didingai mums primena, ką mes turime padaryti. For Free and United Europe – taip vadinosi Altiero Spinelli manifestas. Ir šiandien reikia aiškiai pasakyti: istorija man neskolinga, aš skolingas istorijai, kad būtų taika, demokratija ir laisvė.
Sebastian Tynkkynen (ECR). – Mr President, in an alternative reality we would be living today under Hitler’s rule – not just all of Europe, but maybe even the whole world.
In that reality, I wouldn’t be standing here. I would have been killed in a gas chamber, my ashes drifting in the air. Many of you also would not be here, because of your ethnicity, your sexuality or disability.
That reality nearly came true. Too many in Europe believed Hitler would stop on his own. They spoke of peace and diplomacy. But reality struck, and the price was great, far greater.
Now, 80 years later, Europe faces its worst attack since World War Two, and history is repeating itself. Today, it is the Left who lives in an alternative reality. You oppose European militarisation and sending weapons to Ukraine, and call for peace talks with Putin.
But you should never negotiate with dictators – you must stop them!
(The speaker declined to take a blue-card question from Petras Gražulis)
Martin Hojsík (Renew). – Vážený pán predsedajúci, pred osemdesiatimi rokmi v Európe skončili hrôzy vojny. Ak však chceme chrániť mier, nesmieme si pripomínať len koniec, ale myslieť aj na to, prečo táto vojna začala. Vojna, ktorú môj dedo prežil v Mauthausene, kde moja babička musela počúvať zvuky vychádzajúce z gestapáckych výsluchovní. A ona začala už v roku 39. Keď Hitler spolu áno, aj s klérofašistickým Slovenským štátom, a áno, aj so Sovietskym zväzom napadol Poľsko. Ona začala preto, že sa Západ díval preč, keď takpovediac ustupoval diktátorom, pretože obetoval tých menších a slabších. Dnes stojíme znova na križovatke. Na križovatke, ktorá bude znamenať to, že či sa Európa znova rozdelí, či Putin získa znovu sovietsku sféru vplyvu, alebo bude silná a jednotná. Aby sa nestalo to, čo po druhej svetovej vojne zažil napríklad pán Skúpi z Moravského Lieskového, keď ho NKVD odviedlo do gulagu len preto, že pomáhal americkému letcovi.
Evin Incir (S&D). – Mr President, colleagues, today, 8 May, is the time to commemorate. This is a time to remember, but also a moment to reflect on the lessons – the evil the Second World War emerged from. And it is a time to warn against the far-right ideologies that once drove our continent to the edge of complete self-destruction. The same ideology that, unfortunately, is embraced by some – even here in this Parliament, in Europe in 2025.
The generations that survived the Second World War, those who knew the very essence of ‘never again’, understood that the tragedy of the 20th century did not begin with bombs or bullets. It began with words, with rising intolerance, and it continued to mass killing of men, women and children by the thousands, by the millions.
In our European society today, we are once again witnessing this rise of political forces that set people against people. Colleagues, do not forget that EU was built to ensure that ‘never again’ means ‘never again’. Let’s ensure that ‘never again’ is transferred into words every day, with every action that we take.
(The speaker agreed to take a blue-card question)
Bogdan Rzońca (ECR), pytanie zadane przez podniesienie niebieskiej kartki. – Bardzo uważnie słuchałem Pani wypowiedzi. Chciałem w ciągu 20 sekund opowiedzieć Pani pewną historię i na końcu zadam pytanie.
Jest 1944 rok. Jasło, moje miasto, w którym mieszkam, jest pod okupacją niemiecką. Walter Gentz, starosta niemiecki, wydaje rozkaz: wysiedlić kilkanaście tysięcy ludzi. Drugi rozkaz: zaminować całe Jasło. Trzeci rozkaz: okraść całe Jasło. Wszystko, co ukradli, spisali i wywieźli w ponad tysiącu wagonów. Wszystko wiemy – wiemy, dokąd te rzeczy pojechały, do których miast niemieckich.
I pytanie: czy Pani uważa, że Niemcy powinni te rzeczy zwrócić albo przynajmniej zapłacić odszkodowanie za spalenie, zburzenie i okradzenie miasta Jasła?
Adam Bielan (ECR). – Panie Przewodniczący! 8 maja 1945 r. zakończyła się II wojna światowa, najbardziej krwawa i wyniszczająca wojna w dziejach ludzkości. Dla Europy Zachodniej jest to dzień zwycięstwa odniesionego dzięki pomocy Stanów Zjednoczonych. Dla narodów Europy Centralnej i Wschodniej to symboliczny początek niemal półwiecznej okupacji przyniesionej przez Armię Czerwoną.
Tę rocznicę obchodzimy w cieniu innej wojny, wojny toczonej na Ukrainie. Wczoraj na ten temat debatowaliśmy. Rozmawialiśmy również o tym, w jaki sposób agresor, czyli Rosja, powinna zadośćuczynić i wynagrodzić Ukrainie szkody, które wyrządziła. Ja te głosy oczywiście wspierałem, ale zastanówmy się, czy po II wojnie światowej agresor, czyli Niemcy, zadośćuczyniły szkodom, które one wyrządziły.
Niemcy zamordowali ponad 6 mln polskich obywateli. Wyrządzili szkody – według oficjalnego polskiego raportu polskiego rządu – na ponad półtora biliona euro. Do dzisiaj nie zapłaciły reparacji. A wczoraj nowy kanclerz w Warszawie po raz kolejny postanowił nas upokorzyć i w obecności polskiego premiera oświadczył, że ta sprawa dla Niemiec jest zakończona. Otóż, panie kanclerzu Merz, nie jest zakończona. Będziemy się domagać zadośćuczynienia, a proniemiecki premier Donald Tusk prędzej czy później straci władzę.
(Mówca zgodził się na pytanie zasygnalizowane przez podniesienie niebieskiej kartki)
Petras Gražulis (ESN), pakėlus mėlynąją kortelę pateiktas klausimas. – Gerbiamas pranešėjau, jau 80 metų kaip Europa išsivadavo iš nacistinės Vokietijos, tačiau mūsų šalis Lietuva, tame tarpe ir Lenkija, pateko į Sovietų Sąjungos įtaką, kur taip pat buvo persekiojamas tikėjimas, žodžio laisvė. Kovojo lietuviai ir lenkai įvairiose organizacijose už savo laisvę. Atgavus mums nepriklausomybę, mes patekome į kitą ideologinę priespaudą – genderizmą. Kaip manot, ar Europa išsivaduos iš tos genderistinės ir leftistinės ideologijos, ar jinai joje ir mirs?
Engin Eroglu (Renew). – Herr Präsident, sehr geehrter Herr Kommissar Séjourné! Vielen Dank, dass Sie heute bei uns sind. 80 Jahre nach dem Ende des Zweiten Weltkrieges erinnern wir uns und gedenken wir hier im Parlament einer sehr wichtigen Sache. Millionen von Menschen, Millionen von unschuldigen Menschen wurden brutalst ermordet aufgrund von Ideologien. Sie wurden überfallen. Ihnen wurde alles weggenommen – am Ende auch das Leben. Und dieses Gedenken muss uns eine Mahnung sein – eine Mahnung sein, was Ideologien anrichten. Und viele – auch in diesem Haus – haben scheinbar dieses Gedenken nicht richtig wahrgenommen, denn sie sind in ihren Mitgliedstaaten wieder mit Hass, Ideologien und einfachen Lösungen unterwegs, spalten die Europäische Union und verraten ihr eigenes Volk, indem sie sagen: Wir haben die einfache Lösung.
Ich appelliere daran: Wir müssen gemeinsam – gerade jetzt in der heutigen Zeit, wo die Bedrohung an den Grenzen der Europäischen Union wieder so groß ist wie noch nie – die Gemeinsamkeiten der Europäischen Union suchen und aufhören mit der Mahnung, die wir heute hier in diesem Haus gehört haben. Wir müssen gemeinsam die Lösung suchen ohne Ideologien.
Nils Ušakovs (S&D). – Priekšsēdētāja kungs! Cienījamie kolēģi! Šajās dienās cilvēki visā Eiropā svin uzvaru pār nacismu, piemin antihitleriskās koalīcijas karavīrus, pretošanās dalībniekus, partizānus, katru, kas cīnījās un krita, karojot pret šo absolūto ļaunumu. Eiropas Savienība tika izveidota tieši šīs uzvaras rezultātā, un viss, kas ir labs Eiropā, ir, pateicoties karavīriem, kas uzvarēja Hitleru.
Viss, kas mums ir slikts, tas ir jau mūsu pašu neveiksmju un kļūdu rezultāts. Katru reizi, kad mums kaut kas neizdodas, cīnoties ar pavisam cita mēroga izaicinājumiem, ar ko saskaras patreiz Eiropas Savienība, mēs pieminam tos, kas pirms 80 gadiem upurēja absolūti visu, lai mēs un mūsu bērni varētu dzīvot mierā un drošībā. Veidojot labāku Eiropu, dzīvosim un strādāsim tā, lai mums nav kauns šo karavīru priekšā, ka mēs neizdarījām, nebijām spējīgi. Paldies antihitleriskās koalīcijas karavīriem, pretošanās dalībniekiem, partizāniem. Jūs esat un būsiet vienmēr mūsu varoņi.
Christophe Grudler (Renew). – Monsieur le Président, le 8 mai marque la fin de la Seconde Guerre mondiale en Europe en 1945. Il est de notre devoir d’honorer la mémoire des soldats et de tous ceux qui, au prix de leur vie, se sont battus pour défendre la liberté et retrouver le chemin de la paix.
Le 8 mai 1945 annonçait la victoire des Alliés sur le nazisme. N’oublions jamais les actes de barbarie dont ont été victimes les peuples d’Europe, perpétrés par des régimes autoritaires sans scrupule, avant et après 1945.
Aujourd’hui, que voit-on, 80 ans après? Une montée en puissance des nationalismes, des autoritarismes, de la violence, des volontés d’hégémonie les plus primitives. Ils menacent directement la stabilité, la liberté et l’état de paix connus des citoyens européens.
Ne reproduisons pas les erreurs du passé. Ces prédateurs n’auront pas raison de la belle Europe, car nous, fervents défenseurs de la démocratie, saurons nous tenir prêts pour la protéger. Restons unis pour ne jamais oublier! Restons unis pour ne jamais répéter!
Nikos Papandreou (S&D). – Mr President, I find it very interesting that just a few minutes ago we had a Member who was born in the gulag who spoke here. We have two Members whose families were involved in the plot to assassinate Hitler. This Chamber is haunted by those memories. My grandmother told me stories of the Great Famine in Athens in 1941. My grandfather was chased by Kurt Waldheim and escaped to Egypt, and then was lucky enough to be prime minister on Liberation Day and lift the Greek flag over the Acropolis. So those are the memories that haunt us.
Yet we still have this big divide, and it happens to be Russia and the Soviet Union. The problem with that – and that’s my problem – is that, yes, the Soviet Union helped defeat the Nazis, and that’s a plus, but then they dominated Eastern Europe and made a totalitarian world. So that tears us in half; it’s a ‘yes’ and a ‘no’, and we have to condemn atrocities whenever we see them if we are democratic people and believe in the European values. It does not matter if they had a victory star; they also have something very bad.
Today we have a Fifth Column. It is not necessarily with weapons, it’s with suits, tweets and explosions of falsehoods. It promises easy solutions to complex problems. We see little men and little women who want to use freedoms to abolish freedoms. Our speeches today are part of the act of resistance.
Thomas Pellerin-Carlin (S&D). – Monsieur le Président, quand j’avais dix ans, mon regard interrogea les lignes blanches et rouges d’un drapeau qui flottait dans le vent de ma Normandie natale. Je savais déjà ce qu’était la Seconde Guerre mondiale, mais ce drapeau-là, je ne le connaissais pas.
Aujourd’hui, je pense aux soldats polonais de la première division blindée du général Maczek. Au mont Ormel, ils se battirent avec une bravoure rare. Sur les 1 500 soldats engagés, 60 seulement étaient encore en état de combattre après leur victoire. Je sais ce que je leur dois. Je sais qu’ils ont permis à mon grand-père de vivre dans une France libre. Je sais aussi que beaucoup d’entre eux n’ont jamais revu la Pologne libre.
L’histoire ne se répète pas, mais les criminels d’hier ont leurs héritiers, qui sont aujourd’hui tentés par la récidive. Vladimir Poutine et Donald Trump trouvent des appuis ici même, au Parlement européen, dans cette extrême droite héritière des pires heures de notre histoire.
Dans le combat pacifique que nous menons aujourd’hui pour la démocratie, rappelons-nous de ces héros polonais tombés au mont Ormel. Montrons-nous dignes de leur courage.
Matjaž Nemec (S&D). – Mr President, dear Commissioner, dear colleagues, these days we celebrate a victory day. But considering the world around us, there isn’t really much to celebrate. Much of the responsibility for this lies with the inaction of the European institutions led by the Commission President von der Leyen.
When the allies fought for peace 80 years ago, our common European project was born. Europe was meant to safeguard peace, freedom, rule of law and human rights. It was not meant to become a project of double standards and opportunistic political interests. Instead of demanding accountability, Europe’s top officials only repeat hollow rhetoric about upholding anti-fascist and anti-Nazi values. This is not the way forward.
This anniversary must serve as a wake up call for the European Union to break free from the grip of hypocrisy. Europe was able to call out war crimes in Rwanda, Yugoslavia and Ukraine. Your leadership must clearly condemn and stop a genocide enfolding before our eyes in Gaza. A war crime is a war crime, whether done by Russia or by Israel.
Europe must again become a source of pride, not shame. We owe this to our people and those who fought and died for Europe 80 years ago. We must end all wars. Peace must prevail again.
Catch-the-eye procedure
Juan Fernando López Aguilar (S&D). – Señor presidente, se cumplen ochenta años de la derrota del horror nazi, pero no del fin de la Segunda Guerra Mundial, cuya devastación fue planetaria, porque solo concluyó después de dos bombas atómicas en Japón en agosto de 1945. Nie wieder. Never again. Nunca más.
Este no puede ser un mantra para esta Unión Europea, que recibió el Premio Nobel de la Paz en 2012, exactamente para avivar nuestra conciencia de que tenemos que estar permanentemente alerta contra el rebrote del autoritarismo y del totalitarismo en Europa y, por supuesto, de la guerra en todas partes. Ahí donde se perpetra un genocidio —como en Gaza— o una guerra —como la de agresión de Rusia contra Ucrania—, la Unión Europea tiene que tener una propuesta de paz activa.
Por tanto, no puede ser un mantra repetir una y otra vez «Nie wieder» si no tenemos una política de la memoria que nos ayude a estar permanentemente contra cualquier forma de totalitarismo, contra cualquier amenaza a los valores fundadores de la Unión Europea. Allí donde el Consejo de Europa nació para la paz ha conocido la guerra entre miembros del Consejo de Europa. No puede pasar que la Unión Europea, círculo duro de integración basado, precisamente, en valores y en la paz, no tenga una política y un proceso de paz activo en la guerra contra Ucrania.
Viktória Ferenc (PfE). – Elnök Úr! Ma a második világháború lezárására emlékezünk, és azokra az áldozatokra, katonákra és civilekre, akik átélték és megszenvedték történelmünk egyik legsötétebb időszakának borzalmait. Mennyire ironikus, hogy miközben a 80 évvel ezelőtt beköszöntött békét méltatjuk az Unió szomszédságában, a több mint három éve dúló orosz-ukrán háború még mindig emberéleteket követel.
Nincs béke párbeszéd nélkül – hangzik Ferenc pápa üzenetében, aki élete utolsó napjáig azért küzdött, hogy békét teremtsen a világban, azon belül Ukrajnában is. Magyarország is a kezdetektől ezen az állásponton van. Diplomáciai eszközökkel, politikai támogatással és közös összefogással azért kell dolgoznunk, hogy elhallgattassuk a fegyverek zaját. Ukrajna lakossága már túl régóta szenved.
Arkadiusz Mularczyk (ECR). – Panie Przewodniczący! Pani Komisarz! Wysoka Izbo! II wojna światowa to wciąż nierozliczona karta w relacjach europejskich. Mój kraj, Polska, w wyniku agresji niemieckiej poniósł niewyobrażalne straty: 6 mln zamordowanych polskich obywateli. 11 mln musiało wyjechać na emigrację. 50% terytoriów, które Polska utraciła. 40% PKB, które zostało zniszczone. Miliony kalek, miliony sierot, 200 tysięcy zgermanizowanych dzieci. 2 mln Polaków było wywiezionych na pracę przymusową. Miliony Polaków, które zginęły w obozach koncentracyjnych w wyniku chorób. Niemcy nigdy nie zapłaciły za swoje zbrodnie wojenne. To jest wyzwanie dla Unii Europejskiej, żeby nie odwracać oczu od tej sprawy, bo i Polska, i Grecja domagają się od Niemiec reparacji wojennych. Ja, Pani Komisarz, przekażę ten raport o polskich stratach wojennych. Oczekuję, że Unia Europejska stworzy mechanizm do zachęcenia Niemiec do rozmów o zapłacie odszkodowania dla Polski i Grecji. Nie odwracajcie Państwo od tego oczu ani głowy.
Λευτέρης Νικολάου-Αλαβάνος (NI). – Κύριε Πρόεδρε, 80 χρόνια από την 9η Μάη 1945, όταν η ναζιστική Γερμανία παραδόθηκε άνευ όρων. Δεν πρόκειται για Ημέρα της Ευρώπης, όπως ισχυρίζεται η Ευρωπαϊκή Ένωση, αλλά για τη μεγάλη αντιφασιστική νίκη των λαών. Οι λαοί δεν ξεχνούν τα εκατομμύρια που έπεσαν στον αγώνα για να συντριβεί ο φασιστικός άξονας. Τιμούν την τεράστια προσφορά του Κόκκινου Στρατού, του σοβιετικού λαού, των εθνικοαπελευθερωτικών κινημάτων όπου πρωτοστάτησαν οι κομμουνιστές, όπως στην Ελλάδα.
Η Ευρωπαϊκή Ένωση προκλητικά κάνει την ανήξερη για πολεμικές επανορθώσεις της ναζιστικής Γερμανίας. Το Ευρωπαϊκό Κοινοβούλιο απέρριψε αναφορά της ΠΕΑΕΑ, την οποία στήριξε το ΚΚΕ, για τις δίκαιες αξιώσεις του ελληνικού λαού. Σέρνετε τους λαούς στον πόλεμο, μπροστά σε νέα κρίση και σφοδρούς ανταγωνισμούς με Κίνα, Ρωσία αλλά και τις ΗΠΑ, που πληρώνουν οι εργαζόμενοι.
Με τη διαστρέβλωση της ιστορίας, τον αντικομμουνισμό, την ταύτιση φασισμού και σοσιαλισμού, μάταια στοχεύετε να κρύψετε ότι υπάρχει διέξοδος σήμερα από την καπιταλιστική βαρβαρότητα, που η Ευρωπαϊκή Ένωση και οι αστικές κυβερνήσεις υπερασπίζονται. Απέναντι στο σκοτάδι των πολέμων, της εκμετάλλευσης, των κρίσεων, φωτεινό μέλλον της ανθρωπότητας είναι ο νέος κόσμος· ο σοσιαλισμός.
Lukas Sieper (NI). – Herr Präsident, liebe Menschen Europas! Wir Deutschen kennen unsere Geschichte. Wir kennen die Verbrechen unseres Volkes unter den Nationalsozialisten. Und deshalb haben wir manchmal eine menschliche, aber gefährliche Angewohnheit: Wir erzählen uns, unsere Vorfahren hätten nicht mitgemacht, hätten nichts gewusst. Wir erzählen uns, wir selbst hätten im Widerstand gekämpft. Aber die Wahrheit ist: Die meisten deutschen Familien hatten Mitglieder in der SS, und die meisten von uns wären dabei gewesen.
Schauen Sie auf mich. Meine Vorfahren haben ausschließlich in Deutschland gelebt. Ich habe mich nach der Schule freiwillig zum Militärdienst gemeldet. Ich liebe mein Land, meine Sprache, meine Kultur. Wäre ich, Lukas Sieper, vor 100 Jahren geboren, ich hätte wahrscheinlich die Propaganda geglaubt. Ich wäre wahrscheinlich ein weiterer Soldat in Hitlers Armeen gewesen. Wir sind immer nur eine Wahl von einer Diktatur entfernt. „Nie wieder“ ist nicht Erinnerung. „Nie wieder“ ist jetzt.
(End of catch-the-eye procedure)
President. – The debate is closed.
5. Old challenges and new commercial practices in the internal market (debate) Anna Cavazzini, author. – Mr President, dear colleagues, we are facing numerous challenges in the EU. Looming trade wars, high energy prices, a lack of innovation and public investment, the China shock and shortages of skilled labour makes businesses suffer and results in rising costs of living for consumers. The climate crisis is accelerating and adding additional risks.
The good news is the single market remains our best answer to geopolitical insecurity and to tackle those challenges. Nearly 450 million citizens, 23 million businesses with a GDP of EUR 17 trillion. These numbers make the single market one of the three largest economies in the world, and we need to use this unique resource to the benefit of people, businesses and the planet.
Let me make four points on how the IMCO Committee in this resolution sees the way forward for the single market.
One, reinforcing the single market. We need to make it easier, especially for small and medium sized enterprises to operate in it. Simplification is the core idea embedded in the creation of the single market. One rule instead of 27 means less administrative burden, less costs, and a better level playing field.
But currently diverging implementation and fragmentation of legislation by the Member States create barriers in the single market. Therefore, the Commission needs to base its single market strategy on the idea of more Europe in legislation, implementation and enforcement.
My second point, enforcing and developing the digital single market. Last term’s milestone legislations, the Digital Services Act, the Digital Markets Act and the world’s first AI Act now need to be enforced to ensure fair competition and a safe and trustful online environment. We therefore highly welcome the recent decision of the Commission to impose fines against Apple and Meta for their non-compliance with the Digital Markets Act, and we expect a continuous, rigorous enforcement also in other cases.
And let me say it very clearly, especially regarding the pressure from the other side of the Atlantic. We do not let ourselves blackmail. We don’t trade away our tech regulation. Our laws are not for sale because they protect consumers, democracy and smaller companies.
Three. The green transition. Also, the reports of Letta and Draghi make clear the transition towards a green and circular economy is a must, and to ensure our future competitiveness, we need to prepare for the economic disruptions the climate crisis will bring.
Following a clear and predictable path for businesses accompanied by investment and strengthened public services, next to better labelling and fighting greenwashing, we need to create a real single market for second-hand goods and the Circular Economy Act. Digital tools can smoothen the complex processes of public procurement. Thus, we can simplify and create lead markets for sustainable products, quality jobs and regional value at the same time.
Four consumer protection. A flourishing single market and high consumer protection are two sides of the same coin. A single market cannot function without strong consumer protection in both online and offline markets. So our resolution asks the Commission to come up in due course with a Digital Fairness Act. Targeted advertising, advertising of influencers, dark patterns and dynamic pricing, as well as the protection of minors, are challenges that this act needs to tackle.
With a rapidly rising share of e-commerce, millions of parcels land directly at the consumer’s doorsteps, often from China, often not complying with our standards. This leads to safety risks and creates an uneven level playing field for European businesses.
Therefore, the Commission must act. We need a swift implementation of the communication on e-commerce. We need to faster deploy the digital product passport and tracing laws to finalise the customs reform and to step up enforcement.
More e-commerce leads to completely overloaded national market surveillance authorities. And that is why we need more European enforcement in order to live up to the giant online platforms, which is why the IMCO Committee, in our resolution, we call to reform the Consumer Protection Cooperation Network and for harmonised investigation to better fight unsafe products.
Only joint action on EU level can get the tsunami of packages under control. So this is what the Imco committee suggests, and we hope that the Commission takes it into account in its upcoming single market strategy.
Stéphane Séjourné, Vice-président exécutif de la Commission. – Monsieur le Président, Mesdames et Messieurs les députés, je remercie évidemment le Parlement européen pour ce débat, et je vous remercie en particulier, Madame la Présidente Cavazzini, car votre question orale couvre tous les grands enjeux relatifs au marché intérieur. Elle réaffirme d’ailleurs son rôle essentiel pour la prospérité de l’Europe.
C’est aussi l’ambition que portera la stratégie pour le marché unique que la Commission présentera dans deux semaines exactement. Une ébauche de cette stratégie a, vous le savez, déjà fuité dans la presse. Je vais donc en dire quelques mots avant de répondre très concrètement à l’ensemble des questions qui sont posées par la rapporteure.
Revenons ensemble sur le contexte, tout d’abord, puisque, après les excellents rapports, qui ont été unanimement salués, d’Enrico Letta et de Mario Draghi, les tensions et la fragmentation géopolitiques nous rappellent que le marché intérieur est notre premier atout et que les meilleurs partenaires des Européens sont les Européens eux-mêmes. Face à l’urgence de mieux puiser dans ce formidable espace économique, je propose donc une méthode ainsi qu’un certain nombre de compromis que nous devons collectivement trouver ensemble. D’abord, la méthode, qui consiste à s’attaquer aux barrières les plus coûteuses et les plus concrètes pour notre marché intérieur. Puis des compromis, qu’il faut que l’on fasse également, entre les États, avec les États membres, mais également entre les groupes politiques.
Il est également question d’avoir moins de barrières internes contre plus de protection à l’extérieur. Vous parliez éminemment du commerce extérieur et du e-commerce, qui est probablement la cause, dans ce moment précis, d’un certain nombre de dérégulations de notre marché intérieur. Se protéger davantage de l’extérieur, mais dans un esprit d’ouverture aux nouveaux partenariats commerciaux, tout en adoptant une doctrine de la préférence européenne, du «made in Europe», pour certains secteurs stratégiques.
Je serai ravi de revenir vers cette assemblée lors de la miniplénière du mois de mai pour présenter très officiellement la stratégie sur le marché intérieur. Je vais maintenant revenir sur les questions que vous avez posées dans votre résolution.
Vous le savez, les efforts pour renforcer notre marché intérieur doivent être partagés par tous les acteurs de l’Union européenne. Au sein de la Commission, mes collègues et moi-même avons compté et savons pouvoir compter sur l’engagement du Parlement européen sur cette question. Bien évidemment, les États membres sont des acteurs centraux et, je le dis sans ambages, trop souvent encore, la lettre et l’esprit des règles adoptées au niveau européen se perdent au niveau national, souvent en raison d’une sous-transposition, parfois d’une surtransposition, parfois même d’une absence totale de transposition.
Quelques mots sur les biens et les services en général. La libre circulation est effective pour les biens. Néanmoins, comme vous l’avez souligné très justement, Madame la Rapporteure, nous devons faire face à l’émergence de nouvelles problématiques, notamment en termes de conformité, de durabilité et également de transparence envers les consommateurs.
En ce qui concerne la conformité, je pense par exemple à l’explosion du e-commerce, comme je l’évoquais en introduction. Elle exige de notre part des douanes fortes, des contrôles homogénéisés partout en Europe. Ce n’est pas encore le cas aujourd’hui et je voudrais vraiment remercier le Parlement européen pour sa proposition ambitieuse sur le sujet. La balle est maintenant dans le camp des États membres pour ce qui est de la réforme des douanes et nous allons également porter cette dynamique. La montée du e-commerce exige également des mécanismes de surveillance du marché plus harmonisés et plus performants.
En matière de durabilité, un marché intérieur pour l’économie circulaire est nécessaire pour mettre en œuvre le droit à la réutilisation ainsi qu’à la réparation. Nous y travaillerons également avec vous.
Quant à la transparence, je pense évidemment à la «shrinkflation», ce phénomène sur lequel vous avez souhaité interpeller la Commission, mais aussi à la «skimpflation». Le premier consiste à réduire la quantité à prix constants et, le second, à réduire le niveau de service sans réduire le prix. Ce sont de nouveaux mots-valises qui mettent le doigt sur un manque de transparence grandissant pour les consommateurs, sur lequel le Parlement européen et les institutions doivent se pencher. Des garde-fous réglementaires existent déjà à l’échelle de l’Union européenne pour mieux protéger les consommateurs et les États membres doivent mettre en place les dispositions que nous avions proposées – et les mettre en place pleinement. La Commission continuera en tout cas, de son côté, à aider les États membres, à travers des réseaux dédiés de coopération en la matière, et nous veillerons également à inscrire ces problématiques au cœur de l’agenda des consommateurs pour la période 2025-2030, sous la responsabilité du commissaire McGrath.
Ensuite, Monsieur le Président, après les biens, quelques mots sur les services. Là aussi, vous interpellez la Commission sur les risques persistants de fragmentation de notre marché. Il est vrai que la situation actuelle est loin d’être satisfaisante. Près de deux tiers des barrières qui existent aujourd’hui sont les barrières qui existaient il y a 20 ans et qui persistent encore aujourd’hui. En particulier, l’accès à près de 5 700 services réglementés est encore très entravé au niveau des États membres, tandis que l’hétérogénéité des régimes concernant les travailleurs détachés ou les saisonniers complique encore un peu plus les services et les investissements transfrontaliers. Nous devons y remédier une bonne fois pour toutes. C’est pour cela que nous proposerons des solutions concrètes pour faciliter le recrutement des travailleurs et la reconnaissance des compétences et des qualifications dans les professions réglementées. Elles s’inscriront dans l’initiative de la Commission pour la portabilité des compétences, qui sera publiée à la fin de l’année prochaine. Nous allons également privilégier une approche sectorielle dans les services pour être plus efficaces.
Votre question orale évoquait également la protection des consommateurs, en particulier eu égard aux usages numériques. J’ai parlé de l’explosion du commerce en ligne, mais, vous le savez, nous avons également voté, lors de la dernière mandature, le règlement sur les services numériques (DSA). L’Union européenne s’est dotée d’un outil unique au monde qui responsabilise les plateformes. Nous disposons également d’un règlement sur les marchés numériques (DMA), qui permet au plus grand nombre d’acteurs, quelle que soit leur taille ou leur statut, d’entrer sur le marché, lequel était jusque-là verrouillé par ceux qu’on appelle les «gate keepers». La mise en œuvre du DSA et du DMA démarre à peine, mais nous continuons et continuerons à porter exactement la même ambition pour ces deux textes que lors de la mandature précédente. Ils seront mis en œuvre par les différentes directions de la Commission et sous la supervision d’Henna Virkkunen, responsable de ces questions-là.
Madame la Rapporteure, Monsieur le Président, je voudrais terminer par un mot, puisque je l’évoquais également en introduction: lors de la présentation de la stratégie sur le marché unique, qui occupera une place essentielle dans nos débats vers la fin de l’année, ce sera l’occasion pour nous d’accorder également une place à la question de la simplification. C’est du reste pour cela que nous présenterons, le 21 mai, le quatrième train de mesures omnibus de simplification. Son objectif est assez clair: pour nous, il s’agit de libérer le potentiel de toutes les entreprises qui font et organisent le marché unique et qui y opèrent. Nous travaillons sur deux enjeux en particulier: la définition des petites entreprises à moyenne capitalisation, qui est très attendue par les parlementaires, et la numérisation des procédures administratives et la mise en conformité pour les produits entrant sur le marché. Je sais pouvoir compter sur l’approche constructive du Parlement européen pour faire avancer ce dossier rapidement. Je me réjouis de cette opportunité de pouvoir recueillir, lors de ce débat, vos suggestions et vos priorités.
Andreas Schwab, im Namen der PPE-Fraktion. – Herr Präsident, Herr Kommissar, liebe Kolleginnen und Kollegen! Alle Jahre wieder kommt eine neue Binnenmarktstrategie, und häufig steht in der neuen genau das drin, was in der alten auch drinstand. Insofern freue ich mich, Herr Kommissar, dass Sie in Ihrer Analyse des Europäischen Binnenmarktes für Güter und Dienstleistungen doch einige erfrischende neue Analysepunkte aufgegriffen haben. Allerdings bleibt das Problem so, wie Sie es beschrieben haben, das gleiche: Viel europäische Rechtsetzung verliert sich in ihrem Geist in den Mitgliedstaaten. Deswegen wird es entscheidend darauf ankommen, dass die Mitgliedstaaten, gerade auch die großen wie Deutschland und Frankreich, ihrer Verantwortung gerecht werden.
Und das Zweite ist, dass wir es uns nicht zu leicht machen dürfen, hier im Europäischen Parlament über die Zölle der Amerikaner zu lamentieren – die möglicherweise 10 Prozent weitere Hindernisse bedeuten –, aber gleichzeitig die 40 Prozent vergessen, die wir selber innerhalb des europäischen Marktes noch immer nicht beiseite geräumt haben. Deswegen ist es eine harte Arbeit, mit der Binnenmarktstrategie zu versuchen, konkrete Anknüpfungspunkte für eine Vereinfachung zu finden. Die Entsendung von Arbeitnehmern, die ja vor allem in den Grenzregionen ein großes Problem ist, haben Sie bereits mit einem Vorschlag angegangen. Wir müssen alles dafür tun, dass alle Mitgliedstaaten dabei mitmachen, weil ansonsten der Vorschlag nicht die gewünschte Wirkung mit sich bringt.
Wir müssen die europäische Zollpolitik neu bewerten, weil wir mit einer einheitlichen Zollorganisation natürlich sehr viel effektiver gegen Temu und Shein vorgehen könnten, wenn wir den Tsunami der vielen kleinen Pakete aus Fernost bekämpfen wollen. Aber, Herr Kommissar, gemeinsam mit Ihrem für den Zoll zuständigen Kollegen arbeiten wir daran schon seit über 15 Jahren. Und die Mitgliedstaaten haben jedes Mal Schwierigkeiten bereitet, wenn es um mehr Vereinheitlichung gegangen wäre.
Das Dritte ist: Natürlich ist es populär, im Digitalraum jetzt Forderungen aufzustellen. Aber der Kern, wo wir neues Wachstum in Europa recht einfach generieren können, bleibt der klassische Binnenmarkt für Güter und Dienstleistungen. Deswegen müssen wir dort unbedingt ran. Deswegen hoffe ich, dass Ihre Strategie uns neue Wege aufzeigt.
Laura Ballarín Cereza, en nombre del Grupo S&D. – Señor presidente, señor vicepresidente, la semana pasada, en España, tuvimos un apagón que dejó al país sin luz, sin teléfono y sin transporte. Yo estuve allí y tuve suerte, pero millones de personas se quedaron sin conexión, caminando horas desde sus lugares de trabajo a sus casas. Y en esta situación de emergencia, empresas como Cabify, Uber o Bolt aumentaron los precios de sus servicios un 300 %. Esta es una nueva práctica comercial derivada de la economía digital llamada «precios dinámicos», que hemos querido recoger en la Resolución que hoy votamos.
Este Parlamento pide a la Comisión Europea que proponga regulación para abordar este problema y proteger a los consumidores, especialmente en la futura Ley de Equidad Digital, que también tiene que proteger a los menores en línea, porque la simplificación no nos va a salvar de todos los males. Nosotros —los consumidores, las familias— esperamos leyes que nos protejan de los abusos de las grandes compañías tecnológicas.
Klara Dostalova, za skupinu PfE. – Pane předsedající, kolegyně, kolegové, návrh usnesení slibuje řešení starých výzev a nových obchodních postupů, ale zatím zůstává u prázdných slov. A právě to je dnes bohužel typické pro přístup Komise ke všemu, co vzejde z Parlamentu – skvělé slogany, málo výsledků. Ano, oceňuji důraz na snižování administrativní zátěže a podporu malých podnikatelů. Ano, naše spotřebitelské právo je silné, ale Komise opět ukazuje, že slyší jen to, co chce slyšet. Ochrana spotřebitelů je sice důležitá, ale v realitě dnes lidé čelí dramatickému růstu životních nákladů a nejsou schopni naplnit ani základní potřeby. A co na to Komise? Nic. Ani zmínka o tom, že přemrštěné ekologické ambice je potřeba přehodnotit. V tomto ohledu Komise zcela selhává.
A Ukrajina? Její začlenění na jednotný trh je vydáváno za politický triumf. Ale nikdo se vážně neptá: Jakou cenu za to zaplatíme? Zavírání očí před rozdílnými standardy a problémy zničí rovné podmínky pro naše podniky. Pokud má jednotný trh fungovat, potřebujeme méně ideologických experimentů a víc zdravého rozumu. Komise musí přestat přehlížet realitu a začít chránit to, na čem Evropanům skutečně záleží – férové pracovní podmínky, konkurenceschopné firmy a dostupné bydlení. Slova nestačí. Potřebujeme činy a odvahu přiznat si, kde Komise opakovaně selhává.
Stefano Cavedagna, a nome del gruppo ECR. – Signor Presidente, signor Commissario, onorevoli colleghi, mentre qui a livello parlamentare si parla troppo spesso di dazi, si parla di imposizioni sull’import, si parla tantissimo di Green Deal, si parla di tanti agenti extra mercato europeo, ci dimentichiamo di quello che noi siamo e di quello che dobbiamo essere. E purtroppo i dati sono molto chiari.
Mentre il resto del mondo cresce, l’Europa è sostanzialmente ferma in stagnazione economica. Va avanti grazie solo ad alcuni Paesi, tra i quali l’Italia, ma la crescita è comunque modesta, generalizzata nel nostro continente.
Vogliamo meno burocrazia, vogliamo una migliore semplificazione, vogliamo lasciare le imprese europee libere di poter lavorare e di poter competere ad armi pari con il resto del mondo. E sono sicuro che lo faremo al meglio.
Chiediamo anche un grande investimento in termini di intelligenza artificiale, con delle vere e proprie infrastrutture europee che ci permettano di non dipendere dall’altra parte dell’oceano o dall’Oriente che troppo spesso è più un pericolo che una risorsa.
Svenja Hahn, im Namen der Renew-Fraktion. – Herr Präsident, liebe Kolleginnen und Kollegen! In geopolitisch unsicheren Zeiten müssen wir unseren Binnenmarkt radikal ausbauen. Unsere wirtschaftliche Stärke macht uns erst zu einem attraktiven Partner. Und wenn Partner wie die USA eben nicht mehr verlässlich sind, müssen wir unseren Heimatmarkt attraktiver machen, auch für unsere eigenen Unternehmen. Es muss endlich Schluss sein mit dieser regulatorischen Kleinstaaterei – ein Produkt, eine Dienstleistung, ein Markt nach denselben Regeln.
Wir müssen rigoros Bürokratie abbauen, alle Binnenmarktgesetze auf den Prüfstand stellen. Und ich möchte vor allen Dingen daran erinnern: Wettbewerbsfähigkeit kommt von Wettbewerb. Ich bin ein bisschen skeptisch gegenüber unverhältnismäßigen staatlichen Eingriffen wie bei Leitmärkten. Das ist kein Garant, dass sich am Ende das beste Produkt zum besten Preis durchsetzt, sondern eben das politisch gewollte Produkt. Und ich baue wirklich auf die Kommission und Kommissar Séjourné, dass Sie den Mut haben, den Binnenmarkt groß zu machen. Denken Sie die Strategie groß, doktern Sie nicht nur an Kleinigkeiten herum. Wir müssen unseren Binnenmarkt jetzt stärken, damit wir in der Welt stärker werden. Andersrum gilt: Wer jetzt den Binnenmarkt nicht stärkt, schwächt uns in der Welt.
Hanna Gedin, för The Left gruppen. – Herr talman! Ibland undrar jag om vi lever i samma verklighet. Frågar man kommissionen eller EPP eller högern i mitt hemland om vad som hotar EU:s ekonomi, så får man höra att miljökraven är för höga för företagen, att det är för svårt att konkurrensutsätta offentlig sektor, att det behövs färre regler och fler avregleringar. Men jag ser en helt annan verklighet.
Jag ser människor som knappt får lönen att räcka till mat, jag ser arbetare som tvingas flytta från land till land, från gig till gig i en marknad där trygghet ses som hinder för flexibilitet. Jag ser en inre marknad som snarare än att lyfta villkoren för alla driver ett race to the bottom: på löner, arbetsrätt, välfärd och miljö.
Det vi debatterar i dag genomsyras av samma logik. Färre hinder, snabbare upphandlingar, mer flexibilitet, mindre demokratiskt inflytande – allt för marknaden. Men vad händer när vi river regler för företagen? Vi river också ofta skydd för människor. Vi river regler som finns där för att trygga vår vardag, för att säkra schysta arbetsvillkor, för att bevara vår miljö och för att hålla demokratin levande.
Vi i vänstern vill säga att det här är fel väg. Vi behöver inte färre regler, vi behöver rätt regler: regler som skyddar människor, inte vinstmarginaler, regler som sätter klimat, jämlikhet och trygghet över marknadslogik. För det är inte vi som är orealistiska – det är den blinda tron på avreglering som är det verkliga hotet mot framtiden.
Pablo Arias Echeverría (PPE). – Señor presidente, señor comisario, en 2023 celebramos el trigésimo aniversario del mercado único. La construcción de esta Unión de libre circulación de bienes, servicios, capitales y personas refleja los valores y principios que compartimos; un proyecto que se ha convertido en el faro que guía la economía de la Unión Europea.
Pero también existen sombras —sombras que debemos disipar—. Draghi y Letta lo han dejado muy claro: buscamos ser competitivos, sí, pero tenemos un mercado fragmentado. Buscamos ser innovadores, sí, pero ponemos trabas a nuestras pymes, start-ups y scale-ups, y dejamos que el talento se nos escape. Buscamos liderazgo, sí, pero ponemos cargas administrativas que ralentizan el crecimiento de nuestras empresas. Buscamos un mercado único, sí, pero nos encontramos con un exceso de normas desiguales en ese mismo mercado y proteccionismos nacionales.
Lo que antes era capaz de aguantar nuestro mercado, hoy se antoja imposible. La coyuntura actual a nivel global nos exige abordar estas sombras con diligencia y determinación. La tarea no es sencilla: simplificación, menos burocracia, facilidades para financiar iniciativas digitales privadas, innovación, retención y atracción de talento. Necesitamos menos normas, pero iguales para todo el mercado, con el mismo nivel de garantías y protección. En definitiva, más seguridad jurídica.
Los Estados miembros y las instituciones europeas tenemos que tener la suficiente altura de miras para abordar estas reformas estructurales, porque no nos jugamos mucho; probablemente, nos lo jugamos todo, señor comisario.
Cuando todos dimos la bienvenida a los informes Letta y Draghi, ¿era solo una foto o era un compromiso? En el caso del Partido Popular, se lo aseguro: un compromiso. Espero que también lo sea para la Comisión y para el Consejo.
Alex Agius Saliba (S&D). – Sur President, Is-suq uniku Ewropew jibqa’ wieħed mill-aktar elementi importanti fil-proġett Ewropew għaċ-ċittadini tagħna. Però huwa importanti li dan is-suq jibqa’ jevolvi, ir-regoli tiegħu jibqgħu jevolvu, sabiex fl-aħħar mill-aħħar naraw illi r-realtajiet tal-iktar Stati Membri li jinsabu fil-fruntiera, il-gżejjer, dawn l-istess regoli jkunu qegħdin jaħdmu favur tagħhom ukoll.
U hawnhekk nixtieq nitkellem ukoll fuq realtajiet partikolari differenti li Stati Membri żgħar bħal Malta qegħdin jaffaċċjaw, b’mod speċjali minħabba żidiet fil-prezzijiet, inflazzjoni tal-aktar prodotti essenzjali f’dan is-suq komuni. U allura huwa importanti li naraw li jkollna aktar flessibilità fejn jidħlu r-regolamenti tas-suq uniku Ewropew sabiex jaraw illi Stati Membri żgħar u gżejjer ikunu fl-aħħar mill-aħħar jistgħu jibbenefikaw minn dan id-dritt, id-dritt tal-moviment u l-libertà tal-moviment għall-prodotti u s-servizzi, kif fl-aħħar mill-aħħar jibbenefikaw pajjiżi ferm ikbar minna.
Imma fl-aħħar mill-aħħar ukoll huwa essenzjali li naraw illi jkollna regoli aktar stretti fejn jidħol ukoll l-importazzjoni tal-prodotti barra mill-Unjoni Ewropea. F’suq fejn qed imur aktar fuq bażi online milli fil-ħwienet tradizzjonali huwa importanti li naraw illi jkollna l-istess tip ta’ regoli u l-istess tip ta’ drittijiet għall-konsumaturi li jixtru fuq bażi online u dawk illi jixtru fuq bażi offline.
Imma dan ma nistgħu nagħmluh qatt billi ngħabbu b’aktar piżijiet, speċjalment piżijiet finanzjarji, lill-konsumaturi tagħna.
Kamila Gasiuk-Pihowicz (PPE). – Mr President, Commissioner, dear colleagues, the internal market is one of our greatest achievements and yet our businesses and our consumers still face barriers, are confronted with unpredictable legislative changes and a lack of consistency in the implementation of our single market rules.
We need to simplify our rules we currently have in place, making sure that we keep those that protect consumers and entrepreneurs, but remove those that create excessive burdens. It is not enough to cut norms on paper, to delay them or to simply exempt certain categories. We need to change them in substance in order to make them easier to comply with.
Online, our businesses face the challenge of complying with all these norms while foreign traders, especially from Asia, China ignore our rules and yet face little or no consequences at all. This is not a fair situation.
The Commission is currently working on a new Digital Fairness Act (DFA). Before this is presented, the Commission should present a plan to cut unnecessary norms and only then legislate, in a very targeted manner. The next DFA cannot be another DSA. Businesses and consumers need predictability and a level playing field through the enforcement of existing norms.
Elisabeth Dieringer (PfE). – Herr Präsident, sehr geehrte Damen und Herren! Wieder einmal erleben wir, wie die EU mit ihrem Entschließungsantrag zum Binnenmarkt große Worte schwingt, aber an den eigentlichen Problemen unserer Wirtschaft und unserer Bürger vorbeigeht. Seit Jahren hören wir Versprechen über Bürokratieabbau und weniger Belastung für unsere Unternehmen. Doch die Realität sieht anders aus: immer neue Vorschriften, immer mehr Regulierung, immer weniger Freiheit für unsere heimischen Betriebe.
Der Binnenmarkt soll ein Motor für Wohlstand und Wachstum sein, doch stattdessen werden unsere kleinen und mittleren Unternehmen durch eine zu große Anzahl an EU‑Regeln und Berichtsanforderungen ausgebremst. Die Kommission redet von Innovation und Wettbewerbsfähigkeit. Aber in Wahrheit profitieren vor allem die Großkonzerne, während unsere regionalen Betriebe mit immer neuen Hürden kämpfen müssen. Wir fordern: Schluss mit der Überregulierung und den realitätsfernen Vorgaben aus Brüssel! Der Binnenmarkt muss endlich wieder den Menschen und Unternehmen dienen, die hier arbeiten und Steuern zahlen, nicht den Interessen globaler Konzerne oder den ideologischen Träumereien einer EU‑Elite. Weniger Bürokratie, mehr Eigenverantwortung und echte Wettbewerbsfähigkeit – das ist unser Weg für einen starken Binnenmarkt.
(Die Rednerin ist damit einverstanden, auf eine Frage nach dem Verfahren der „blauen Karte“ zu antworten.)
Tomislav Sokol (PPE). – Poštovani predsjedavajući, povjereniče, kolegice i kolege, Draghijevo izvješće jasno je pokazalo da troškovi koji proizlaze iz prevelikog broja propisa, kako europskih tako i nacionalnih, i dalje su vrlo visoki za europska poduzeća. To regulatorno opterećenje i fragmentacija posebno opterećuju mala i srednja poduzeća, koče inovacije i slabe našu konkurentnost na globalnoj razini.
Prošlo je više od četiri godine otkako sam kao izvjestitelj Kluba EPP‑a za usluge na jedinstvenom tržištu upozoravao na prepreke slobodnom kretanju usluga. Nažalost, uslužni sektor koji zapošljava dvije trećine radne snage i stvara 9 od 10 novih radnih mjesta i dalje ostaje najslabije razvijen dio jedinstvenog tržišta. To je nedopustivo jer propuštamo priliku za rast, zapošljavanje i globalnu konkurentnost. Stoga je krajnje vrijeme da uklonimo preostale prepreke i taj golemi gospodarski potencijal pretvorimo u nova radna mjesta, veće ulaganje i gospodarski rast Unije.
Bez pravog jedinstvenog tržišta nećemo se moći natjecati s globalnim konkurentima, a posebno je važno osiguravanje poštene tržišne utakmice. Karteli multinacionalnih kompanija koji održavaju visoke cijene hrane i drugih proizvoda apsolutno su nedopustivi. Također, implementacija Zakona o digitalnim tržištima, kojim će se stati na kraj zlouporabama od strane digitalnih divova, mora biti prioritet. Osim toga, u uvjetima brutalne globalne kompeticije, davanje prednosti europskim proizvodima i uslugama sasvim je legitimna opcija za zaštitu naših interesa.
Na kraju, moramo zaštititi potrošače od nekvalitetnih i često opasnih proizvoda kupljenih preko interneta iz trećih država. Digitalne platforme moraju snositi odgovornost za štetu koju takvi proizvodi nanesu kupcima. Jedino tako ćemo ih natjerati da ozbiljno kontroliraju što se preko njih prodaje i zaštititi naše potrošače.
Pierre Jouvet (S&D). – Monsieur le Président, Monsieur le Commissaire, envoyer un colis de Pékin à Strasbourg coûte moins cher qu’affranchir une carte postale pour écrire dans son propre pays.
En 2024, 4,6 milliards de paquets expédiés par Temu, Shein ou AliExpress sont entrés en Europe: c’est 300 % d’augmentation en quatre ans. Ces produits sont fabriqués à perte puis expédiés grâce aux subventions publiques. Leurs producteurs détruisent la planète et pratiquent aussi l’esclavage moderne. Comble de l’absurdité et de l’hypocrisie, et signe aussi de notre complicité, ces colis d’une valeur de moins de 150 euros sont exonérés de droits de douane.
Ces colis sont un poison lent qui tue notre planète, notre économie et nos emplois. Camaïeu, ChaussExpo, Casa, Jennifer: combien d’autres PME encore allons-nous laisser disparaître? Ces petits colis sont un grand poison et nous devons, en Europe, sortir de cette naïveté, changer nos règles douanières et assumer de protéger nos consommateurs, nos entreprises et nos emplois.
Zala Tomašič (PPE). – Gospod predsednik. Leta 2023 je bilo na dnevni ravni približno 12 milijonov spletnih naročil z evropskega trga v tretje države, od tega 91 % iz Kitajske. Ko pogledamo te številke, je logično, da naši cariniki ne morejo kontrolirati vsega. Vemo tudi, da velikokrat izdelki iz Kitajske ne dosegajo evropskih standardov.
Jaz verjamem v prosti trg in verjamem, da regulacija oziroma več regulacije ni odgovor na vse. Kot tudi ni odgovor na vse pritisk na naše platforme za težave, ki so povzročene drugje, posebej v državah, kjer imamo probleme z zagotavljanjem legitimnosti certifikatov.
Mislim, da moramo nazaj prinesti tudi osebno odgovornost vseh nas potrošnikov in se moramo zavedati, da s tem, ko naročamo s kitajskih platform, ne škodimo le evropejski industriji, ampak tudi na koncu samemu sebi in našemu zdravju. Poleg tega pa tudi rabimo na evropski ravni rešitev glede vprašanja vplivnežev, a da bo to poenoteno in da bo tudi priznan njihov status kot ustvarjalcev vsebin, in ne le kot oglaševalcev.
Δημήτρης Τσιόδρας (PPE). – Κύριε Πρόεδρε, κύριε Αντιπρόεδρε της Επιτροπής, τα εμπόδια εντός της ενιαίας αγοράς της Ευρωπαϊκής Ένωσης ισοδυναμούν με δασμούς 45% για τη μεταποίηση και 110% για τις υπηρεσίες. Οι αριθμοί είναι αποκαλυπτικοί και μας υπενθυμίζουν σε ποια κατεύθυνση πρέπει να κινηθούμε.
Για αυτό τον λόγο χαίρομαι, γιατί το ψήφισμα που έχουμε στα χέρια μας κάνει συγκεκριμένη αναφορά στους γεωγραφικούς και εδαφικούς περιορισμούς, οι οποίοι συρρικνώνουν την αγοραστική δύναμη των Ευρωπαίων πολιτών και πλήττουν τις μικρομεσαίες επιχειρήσεις. Είναι ένα θέμα που πολλοί συνάδελφοι έχουμε επισημάνει, ζητώντας μέτρα. Είναι απαράδεκτο, σε μια ενιαία αγορά, ορισμένες πολυεθνικές εταιρείες να εκμεταλλεύονται τη θέση τους προκειμένου να χρεώνουν εξαιρετικά διαφορετικές τιμές για ίδια προϊόντα, ανάλογα με το μέγεθος της αγοράς και εις βάρος των καταναλωτών. Ενόψει και της στρατηγικής για την ενιαία αγορά, αναμένουμε τη νομοθετική πρόταση για να βάλουμε τέλος σε αυτές τις πρακτικές.
Δεύτερον, χρειάζονται ακόμα πιο φιλόδοξα μέτρα για την απλοποίηση των κανόνων και τη μείωση του διοικητικού φόρτου που αντιμετωπίζουν οι μικρομεσαίες επιχειρήσεις. Η μείωση της γραφειοκρατίας κατά 35% είναι αδήριτη ανάγκη να επιτευχθεί.
Τρίτον, παρά το γεγονός ότι η Ένωση έχει το πιο στιβαρό πλαίσιο προστασίας των καταναλωτών, μόνο το 28% έχει καλή γνώση των δικαιωμάτων του.
Και, τέλος, χρειαζόμαστε ενίσχυση της εφαρμογής του ψηφιακού νομοθετικού πλαισίου με συντονισμένους ελέγχους από τις αρμόδιες υπηρεσίες και καλύτερη συνεργασία μεταξύ τους, για να διασφαλίσουμε ότι η νομοθεσία εφαρμόζεται στην πράξη.
Regina Doherty (PPE). – Mr President, Commissioner, when it comes to commercial practices, online is the only show in town. But when it comes to consumer fraud, online spaces still remain a Wild West. We need all actors on board to ensure that we have a shared responsibility. Because today, citizens in Europe are subject to fake advertising and online scams on a near daily basis, often via social media platforms.
Our own Irish Data Protection Commission has already issued over EUR 3.5 billion worth of fines, as well as corrective measures. But it’s all too easy to put fake advertisements purporting to be from regulated institutions online, and for unsuspecting citizens to be scammed out of their own money before the advert just simply disappears. Three in every four Irish people have encountered some form of suspicious activity online, whilst 45 % of Europeans stated they have experienced more suspicious activity compared with last year.
We know that such incidents are hard to track and almost impossible to reverse after they happen. The Digital Services Act obliges platforms to take down illegal content once it has been reported. However, it creates few proactive obligations prior to publication or even reporting by individuals. So we need to look at ways to ensure that electronic communications providers verify with national competent authorities that advertisements purporting to be from regulated entities are, in fact, legitimate, so that we can protect our people and their hard earnings.
Catch-the-eye procedure
Vytenis Povilas Andriukaitis (S&D). – Mr President, dear Commissioner, you rightly mentioned that we are still 20 years speaking about the same problems. But now the digital union is not completed. The energy union is not completed. I know our railway infrastructure is in difficulties, and when we are speaking about the necessity to do something more, first of all, we need to stress very much that we need to develop pan‑European infrastructures in digital, in energy, in transport.
And, of course, also Letta rightly mentioned the ‘fifth freedom’: freedom for research, investment and innovation. But it requires also infrastructure in our research and innovations. It means the life sciences strategy should be connected with the internal market strategy hand in hand, otherwise we can lose once again competitiveness, investment and progress. Made in Europe requires more integration.
(End of catch-the-eye procedure)
Written Statements (Rule 178)
Stéphane Séjourné, Vice-président exécutif de la Commission. – Monsieur le Président, Monsieur Sieper, je suis désolé, je vais parler français, mais je crois que vous avez la traduction.
Je vais peut-être vous donner quelques convictions suite à ce débat. D’abord, une conviction, c’est que nous ne pouvons pas regarder notre stratégie du marché intérieur en silos, comme cela s’est probablement beaucoup fait lors des dernières mandatures.
Au vu du contexte international que nous connaissons, un nouvel équilibre économique est à trouver. Il s’agit à la fois d’œuvrer pour plus de marché intérieur et donc, je le répète, d’aller plus loin en ce qui concerne les biens et les services ou l’union des marchés des capitaux, d’organiser et de faciliter les déplacements des biens et des services plus largement, de retirer les barrières qui contraignent notamment la circulation des marchandises et des biens, dans le cadre de nos travaux et des compétences de l’Union européenne.
Il s’agit aussi de travailler, au niveau national, sur les différences de réglementations qui créent des contraintes et – je crois que l’un de vous l’a expliqué assez justement – sur l’équivalent en droits de douane des différentes réglementations nationales, puisqu’il est d’actualité de parler en termes d’équivalent en droits de douane et que cela montre qu’il est urgent que nous agissions. 40 à 50 % de droits de douane sur les biens, plus de 100 % sur les services: je vois le coût que cela peut engendrer pour une entreprise de produire dans un pays européen et de commercialiser dans un autre. Le paradoxe de la situation, c’est qu’il est probablement plus rentable aujourd’hui de produire en Chine et d’exporter un petit colis vers les pays européens que de mettre en place toute la réglementation européenne pour commercialiser depuis la France, l’Allemagne, la Pologne ou l’Italie. C’est ce que nous devons régler dans les prochains mois.
En parallèle, il faut protéger les frontières commerciales extérieures de l’Union européenne et donc avancer sur la réforme douanière. Elle est aujourd’hui bloquée au Conseil et les États membres doivent avancer, je l’ai dit en introduction de ce débat. Je consacrerai beaucoup de capital politique à ce que la réforme des douanes puisse progresser au même rythme que notre réforme et notre stratégie sur le marché intérieur. D’un côté, libéralisation et rupture des barrières restantes sur le marché intérieur, de l’autre, protection des frontières européennes en ce qui concerne l’e-commerce, notamment en avançant sur la question du contrôle. Je pense que c’est le bon équilibre qu’il faut pouvoir trouver collectivement dans cette maison.
Un autre équilibre – le dernier, j’en resterai là – auquel travailler également dans les prochains mois et les prochaines semaines concerne les nouveaux accords commerciaux et la diversification que nous devons opérer alors que le monde est de plus en plus protectionniste. Oui, des accords avec de nouveaux pays, portant sur des secteurs particuliers, doivent être trouvés. La présidente de la Commission s’emploie, avec mon collègue Maroš Šefčovič, à trouver de nouveaux débouchés pour nos industries et nos entreprises à l’extérieur de l’Union européenne, à condition que nous puissions opérer une préférence européenne et donc choisir le «made in Europe» dans un certain nombre de secteurs stratégiques.
Pour résumer, voilà, en quelque sorte, notre nouvel équilibre, qu’il faut que nous puissions trouver entre nous, collectivement: à la fois l’approfondissement du marché intérieur, la protection des frontières extérieures par rapport au e-commerce, pour protéger notre marché, et la diversification des accords commerciaux, alors que le commerce devient de plus en plus compliqué et que la guerre tarifaire et la guerre douanière entre la Chine et les États-Unis peuvent avoir un impact important sur notre économie, en contrepartie d’une préférence européenne sur un certain nombre d’achats publics. Vous aurez notamment, dans ce cadre-là, à travailler sur la réforme des marchés publics que la Commission présentera dans les prochains mois.
Je remercie le Parlement, particulièrement la présidente Cavazzini, pour cette discussion et, encore une fois, je reviendrai parmi vous pour présenter très officiellement la stratégie de la Commission sur le marché intérieur, le 21 mai, à Bruxelles.
Vasile Dîncu (S&D), în scris. – Piața internă europeană trebuie să servească oamenilor, nu invers. Dincolo de eficiență și competitivitate, trebuie să evaluăm cine câștigă și cine pierde în acest model economic.
Trei provocări majore amenință să adâncească fragmentările sociale și economice dintre cetățenii europeni:
1. fragmentarea digitală: platformele digitale domină piața, dar beneficiile sunt distribuite inegal. IMM-urile din estul Europei, cetățenii din zone rurale sau periferice sunt adesea excluși. Aplicarea fermă a DSA și DMA este necesară pentru o piață digitală incluzivă – unde toți au acces la oportunități.
2. tranziția verde și riscul de a produce o Europă cu două viteze: Pactul Verde este necesar, dar aplicarea sa trebuie adaptată. Regiunile industriale care încă se recuperează după tranziția post-comunistă (Valea Jiului, zone monoindustriale din România, Bulgaria, Polonia) necesită sprijin specific, direcționat și just. Nu putem cere aceleași sacrificii de la cei care au mai puține resurse.
3. drepturile lucrătorilor în economia digitală: prea mulți europeni trăiesc în precaritate – livratori, freelanceri algoritmizați, angajați temporari. Drepturile fundamentale – salariu decent, protecție socială, stabilitate – trebuie garantate și în economia digitală.
Avem nevoie de o piață internă bazată pe echitate, solidaritate și demnitate umană. Este timpul pentru mai multă politică și mai puțină tehnocrație. Avem nevoie de curaj.
(The sitting was suspended at 11:51)
IN THE CHAIR: JAVI LÓPEZ
Vice-President6. Resumption of the sitting (The sitting resumed at 12:04)
René Aust (ESN). – Herr Präsident, meine sehr geehrten Damen und Herren! Letzte Woche, am 30. April, kam es im Paul‑Henri‑Spaak‑Gebäude vor den Büros unserer Mitarbeiter zu massiven Lärmbelästigungen und auch Drohungen gegenüber einem unserer Mitarbeiter. Gegen 18.00 Uhr hat eine große Gruppe von Besuchern der Linken, unterstützt von akkreditierten Assistenten und Mitarbeitern der Linken, eine Art Demonstration durchgeführt und abgehalten. Die Besucher, oder besser gesagt die Aktivisten, wanderten dann die Treppen nach oben Richtung Ausgang und haben dabei noch eine EU‑Flagge, die auf dem Ehrentisch mit dem Bild und dem Gedenkbuch für den verstorbenen Papst aufgestellt war, heruntergerissen und die Treppe hinuntergeworfen. Einer unserer Mitarbeiter, der die Aktivisten um Ruhe bat, wurde von einer Demonstrantin mit den Worten „Du wirst sterben!“ sogar mit dem Tode bedroht.
Sehr geehrter Herr Präsident! So ein Verhalten ist völlig inakzeptabel und hat in unserem Haus nichts zu suchen. Ich ersuche Sie sicherzustellen, dass solche Aktionen künftig unterbunden werden und die Sicherheit aller Mitarbeiter und ein normales Arbeitsklima zu jedem Zeitpunkt gewährleistet sind.
President. – Thank you very much. The President is aware about the incident. We will inform about the point of order. The services of the House will draw up a report and she will follow up.
We have no more points of order.
7. Voting time President. – The next item is the vote.
President. – The first vote is on the joint motion for a resolution tabled by five groups on the arrest and risk of execution of Tundu Lissu, Chair of Chadema, the main opposition party in Tanzania (see minutes, item 7.1).
President. – The next vote is on the joint motion for a resolution tabled by five groups on the return of Ukrainian children forcibly transferred and deported by Russia (see minutes, item 7.2).
– Before the vote on the motion for a resolution:
(Parliament did not agree to put the oral amendment to the vote)
7.4. Ninth report on economic and social cohesion (A10-0066/2025 – Jacek Protas) (vote) President. – The next vote is on the ninth report on economic and social cohesion (see minutes, item 7.4).
7.5. CO2 emission performance standards for new passenger cars and new light commercial vehicles for 2025 to 2027 (vote) President. – The next vote is on CO2 emission performance standards for new passenger cars and new light commercial vehicles for 2025 to 2027 (see minutes, item 7.5).
7.6. The protection status of the wolf (Canis lupus) (vote) President. – The next vote is on the protection status of the wolf (Canis lupus) (see minutes, item 7.6).
7.7. The role of gas storage for securing gas supplies ahead of the winter season (A10-0079/2025 – Borys Budka) (vote) (Parliament approved the request for referral back to committee)
7.8. Screening of foreign investments in the Union (A10-0061/2025 – Raphaël Glucksmann) (vote) (Parliament approved the request for referral back to committee)
7.9. Suspending certain parts of Regulation (EU) 2015/478 as regards imports of Ukrainian products into the European Union (A10-0059/2025 – Karin Karlsbro) (vote) Hans Neuhoff, im Namen der ESN-Fraktion. – Herr Präsident, geschätzte Kolleginnen und Kollegen! Ich beantrage gemäß Artikel 206 Absatz 4 der Geschäftsordnung die Vertagung der Abstimmung über diesen Punkt der Tagesordnung. Gestatten Sie mir zur Begründung wenige Worte: Solidarität mit Drittstaaten darf nicht zur Selbstaufgabe Europas werden. Unsere Unternehmen, vom industriellen Mittelstand über die Landwirtschaft bis hin zu großen industriellen Arbeitgebern, spüren die Folgen einer Handelspolitik, die einseitig auf die Ukraine ausgerichtet ist. Dumpingimporte gefährden nicht nur einzelne Branchen wie die Stahlrohrhersteller. Sie treffen die gesamte europäische Wertschöpfungskette, von den Grundstoffindustrien bis zu den weiterverarbeitenden Sektoren und Zulieferern.
Diese Politik gefährdet Arbeitsplätze und Existenzen in ganz Europa – auch in der Landwirtschaft, auch im verarbeitenden Gewerbe. Wer heute für die weitere Aussetzung der Schutzmaßnahmen stimmt, entscheidet sich nicht nur gegen faire Wettbewerbsbedingungen, sondern auch gegen Menschen in unseren Regionen, die für Wohlstand und …
(Der Präsident entzieht dem Redner das Wort.)
(Le Parlement rejette la demande)
– Before the vote:
– Before the vote:
Costas Kadis, Member of the Commission. – Mr President, honourable Members, the European Commission would like to make the following statement before the vote:
“Should the Commission consider that extending the suspension of Regulation (EU) 2015/478 as regards imports of Ukrainian products into the European Union beyond 5 June 2028 is warranted in view of the situation at that point of time, the Commission will endeavour to submit to the European Parliament and the Council any proposal to that effect not later than nine months before the end of the application of this Regulation.”
I would like also to clarify two very separate issues: namely the suspension of the general safeguard regulation or under its other name, the common rules for imports regulation, and the Article 29 consultation process.
Regarding the draft Regulation that is being submitted to the vote now, I would like to clarify that once adopted, it would suspend the application of the basic safeguard regulation to imports of goods from Ukraine. While the suspension of the general safeguard regulation is of general nature, currently there is only one safeguard measure for steel products that would be affected by the suspension. Suspending the general safeguard regulation was technically the only way to suspend the application of the steel safeguard measure concerning Ukraine.
Trade in agricultural products is being discussed in a separate framework, namely the Article 29 consultation process with Ukraine.
To conclude, today’s draft regulation has no implication for the Article 29 process.
7.10. Competition policy – annual report 2024 (A10-0071/2025 – Lara Wolters) (vote) – Before the vote on Amendment 1:
Majdouline Sbai (Verts/ALE). – Monsieur le Président, il y a urgence: il faut sauver l’acier européen! Le directeur d’ArcelorMittal a annoncé que tous les sites sidérurgiques en Europe étaient menacés. La France risque de perdre l’ensemble de ses hauts-fourneaux. Comme l’a fait le Royaume-Uni, nous devons réagir vite. C’est pourquoi je vous propose l’amendement suivant au paragraphe 8 du rapport que nous votons:
«le Parlement exprime sa profonde désapprobation face à la décision du groupe ArcelorMittal de supprimer jusqu’à 1 400 emplois en Europe occidentale, dont près de la moitié en France; souligne que le groupe a réalisé un bénéfice de 1,3 milliard d’euros et versé plus de 1,5 milliard d’euros à ses actionnaires en 2024; demande à la Commission et aux États membres de prendre des mesures pour que les entreprises bénéficiant d’aides publiques ne puissent pas, comme le fait ArcelorMittal, fermer des sites industriels, élaborer des plans de licenciement, délocaliser leurs activités, verser des dividendes à leurs actionnaires et renoncer à leurs objectifs de transition écologique; demande au gouvernement français de prendre toutes les mesures en son pouvoir pour protéger les travailleurs et préserver la sidérurgie en tant qu’industrie stratégique;»
(Parliament agreed to put the oral amendment to the vote)
7.11. Banking Union – annual report 2024 (A10-0044/2025 – Ralf Seekatz) (vote) President. – The next vote is on the banking union – annual report 2024 (see minutes, item 7.11).
7.12. Objection pursuant to Rule 115(2) and (3): genetically modified soybean MON 87705 × MON 87708 × MON 89788 (B10-0244/2025) (vote) President. – The next vote is on the objection pursuant to Rule 115(2) and (3): genetically modified soybean MON 87705×MON 87708×MON 89788 (see minutes, item 7.12).
8. Resumption of the sitting (Posiedzenie zostało wznowione o godz. 15.00)
9. Approval of the minutes of the previous sitting Przewodnicząca. – Protokół wczorajszego posiedzenia oraz teksty przyjęte są już dostępne.
Czy są jakieś uwagi? Nie widzę.
Protokół został przyjęty.
10. EU action on treating and preventing diseases such as cancer, cardiovascular neurological diseases and measles (debate) Costas Kadis, Member of the Commission. – Madam President, honourable Members of the European Parliament, in a strong European Health Union we should work to protect EU citizens from diseases, promote healthy living and foster innovation that supports these goals. The Commission is committed to delivering a European Health Union that helps improve the health of all our citizens, no matter where they live in the European Union.
Cardiovascular diseases are the leading cause of death in the EU. Many of these deaths are premature. In the EU, 24 % of deaths among men before the age of 65 and 17 % of deaths among women before the age of 65 are due to cardiovascular diseases. Cardiovascular diseases and neurological disorders share common risk factors such as hypertension, diabetes, smoking and obesity.
Vascular dementia is the second most common type of dementia, accounting for around 15-20 % of dementia cases in Europe. The Commission has started work on an ambitious and robust EU cardiovascular health plan. It will draw inspiration from the success of Europe’s Beating Cancer plan. Like the cancer plan, we will look at addressing key issues like prevention, early detection and screening, and treatment and care. We see a key role for innovative and personalised tools, including the European health data space, as well as new technologies like digital technologies and artificial intelligence. The cardiovascular plan will also build on existing efforts, in particular the Healthcare Together initiative, which helps Member States and stakeholders take action on non-communicable diseases.
The second leading cause of death in the EU is cancer. The cancer plan was adopted in 2021, backed by significant EU funding. We published a review of the cancer plan in February which showed that 90 % of its actions have either been concluded or are ongoing in the area of prevention. This includes the Council recommendation on vaccine‑preventable cancers. This aims to encourage higher uptake of vaccinations against HPV and hepatitis B.
Moreover, the Council recommendation on smoke- and aerosol‑free environments is a step towards a tobacco‑free generation by 2040. To build on this, we will evaluate and revise the EU’s tobacco legislation to enable every cancer patient to access high quality diagnosis and treatment. Member States will this year set up an EU network of comprehensive cancer centres under a joint action funded with EUR 90 million.
The European Health Union is also about tackling infectious diseases. Measles is a serious disease and highly contagious. The recent spike in measles cases in Europe has already caused several deaths in Romania this year, yet measles can be avoided through vaccination. The outbreaks experienced by some Member States over the last 12 months can be linked to vaccination coverage below recommended levels, so I encourage everyone to ensure that they and their families are protected against this life‑threatening disease. The Commission will continue to work with Member States to improve vaccination coverage. We will also promote robust vaccination programmes and secure supplies of vaccines in the EU.
As we build our European Health Union, we should put innovation at its heart. One promising avenue is biotechnology. Biotechnology could help us to better identify diseases, step up prevention, develop new, increasingly personalised medicines and provide new ways to develop, test and administer treatments. But the EU is not yet making the most of biotech. EU companies are not competitive enough and face too many barriers when it comes to turning ideas into products. This is why the Commission will propose a European Biotech Act. It will help companies bring products from the lab to the factory and onto the market.
The Biotech Act will complement the ongoing revision of the pharmaceutical legislation. This already includes many measures to streamline and modernise the regulatory framework for medicines, especially for breakthrough therapies. Innovation will be a driving principle of the upcoming targeted review of the Medical Devices Regulation. The new rules will be more fit for the purpose. They will deliver medical devices to the patients in a more timely manner, and will create a more competitive environment for our industries.
On breakthrough technologies, we have adopted regulatory pathways to quickly reach patients, especially children and rare‑disease patients, without compromising safety. Europe is losing ground in the field of clinical trials. Therefore, we will carry out an assessment of the current legislation and amend it to provide for a more efficient framework to make Europe a world leader in medical research and innovation.
Honourable Members, we are better able to face public health challenges if we act together. This is why the Commission is committed to building a strong and innovative European Health Union. Thank you for your attention and I look forward to receiving your views.
Tomislav Sokol, u ime kluba PPE. – Poštovana predsjedavajuća, povjereniče, kolegice i kolege, Europska unija je kroz godine pokazala da zajedničkim djelovanjem može postići velike rezultate za zdravlje naših građana. Jedan od najvažnijih primjera je europski plan za borbu protiv raka koji predstavlja prvu sveobuhvatnu strategiju protiv ove opake bolesti, od prevencije i istraživanja preko liječenja do poboljšanja kvalitete života osoba koje su preboljele rak.
Sljedeći korak je donošenje europskog plana za kardiovaskularne bolesti koje su vodeći uzrok smrtnosti u Europi. On mora imati jasno definirane ciljeve, konkretno financiranje i jasan vremenski okvir za provedbu. Samo tako možemo postići stvarni napredak i smanjiti teret koji ove bolesti predstavljaju za naše zdravstvene sustave, gospodarstvo i obitelj.
Uz to, inzistiramo, kao što smo više puta rekli na ovoj govornici, na donošenju europskog plana za rijetke bolesti jer su oboljeli od rijetkih bolesti i njihove obitelji predugo bili na margini zdravstvenih politika, često prepušteni sami sebi, suočeni s nedostatkom dijagnoza, terapija i sustavne podrške. Za 95 % njih još uvijek ne postoji lijek i vrijeme je da se to promijeni.
Na kraju, građani od nas s pravom očekuju konkretan europski plan za neurološke bolesti koji bi svakako trebao uključiti i mentalne bolesti koje su u dramatičnom porastu, osobito među mladima.
Da bismo sve ovo ostvarili zdravstvo mora ostati prioritet i u okviru sljedećeg sedmogodišnjeg proračuna jer ulaganje u njega nije trošak, već jedna od najisplativijih investicija, što pokazuju brojne studije. Ne smijemo dopustiti da se zdravstvo utopi u različite proračunske programe jer bi to značilo da se vraćamo u vrijeme kad je ono predstavljalo marginalnu temu u EU institucijama.
Kolegice i kolege, zdravstvo mora ostati prioritet u djelovanju EU‑a i pozivam na zajedničko djelovanje svih političkih grupacija da se to i ostvari.
Vytenis Povilas Andriukaitis, on behalf of the S&D Group. – Madam President, dear Commissioner, colleagues, the rise of certain non‑communicable diseases in the European Union is increasingly concerning. If we fail to act and learn from past experiences, like the COVID‑19 pandemic, we risk facing new outbreaks and epidemics.
Twenty years ago, the European Union made a commitment to eliminate measles – to be measles‑free. Yet we are still far from that goal. The situation is further aggravated by growing societal scepticism, fuelled by misinformation and spread of unproven claims. In 2024, measles cases in the EU surged dramatically with over 32 000 reported diagnoses. This sharp increase highlights serious gaps in vaccination coverage, as 86 % of those infected had not been vaccinated.
In an age where measles is entirely preventable through vaccination, it is unacceptable that this disease continues to spread, especially knowing that measles is highly contagious and can lead to severe complications such as pneumonia, encephalitis, and even death. To prevent further outbreaks, it is essential to ensure that at least 95 % of the population is vaccinated.
Unfortunately, vaccination rates remain insufficient in many European countries. Governments must prioritise strong vaccination campaigns and actively combat vaccine hesitancy to protect public health. The measles, mumps and rubella vaccine remains the most effective tool to prevent measles, and we must also work to harmonise vaccination schedules across Member States to ensure this.
This is why it is crucial to foster collaboration among Member States, recognising that in the Schengen zone, where people can move freely across borders, disease can easily spread between countries. Additionally, the shortage of healthcare professionals, especially in regions with insufficient medical staff, particularly nurses, further contributes to lower vaccination rates. The recent outbreaks in Romania, along with nearly 20 preventable deaths, serve as a stark reminder to the urgency of this issue. These tragic losses highlight the need for immediate actions.
HERA must also address the state of crisis preparedness and take steps to prevent the situation from escalating further. In a world where vaccines are widely available, measles should no longer be a threat. As cases continue to rise, collective action is urgently needed to protect vulnerable populations.
Margarita de la Pisa Carrión, en nombre del Grupo PfE. – Señora presidente, señor comisario, señorías, Europa no puede mirar hacia otro lado cuando hablamos de excelencia en salud. Nuestra cultura ha estado siempre orientada al desarrollo de la ciencia y las humanidades. Hemos formado generaciones de investigadores y profesionales sanitarios con talento, guiados por el compromiso con el bien común.
Tenemos una responsabilidad de liderazgo, no solo por capacidad, también por principios, para que la salud esté guiada por el deseo de sanar, de proteger la vida, de acompañar y aliviar el sufrimiento, para que esté al servicio de la persona, y no de intereses ajenos a ella.
Es imprescindible recordar que el cáncer se cobra la vida de casi 1,3 millones de personas en la Unión Europea al año. Las enfermedades cardiovasculares siguen siendo la principal causa de muerte y los trastornos neurológicos afectan a más de siete millones de personas. Debemos, como Europa, avanzar conjuntamente, compartir buenas prácticas entre Estados miembros. Apostemos por una Europa de cooperación, que intercambie experiencias eficaces y que se apoye mutuamente, siempre teniendo en cuenta las particularidades y necesidades de cada país.
Los próximos años pueden ser revolucionarios para la medicina. Las nuevas herramientas —como la biotecnología o la medicina personalizada— ya hacen posible que nos enfrentemos a enfermedades que antes eran intratables. Sin embargo, su potencial se ve limitado por un marco regulatorio que dificulta transformar la investigación en soluciones reales para los pacientes. Las pymes, que lideran la innovación, se ven especialmente afectadas, también por la falta de financiación en las primeras etapas del desarrollo. Si queremos que Europa avance en salud y en innovación, necesitamos un entorno coherente y favorable que facilite la inversión y acelere la llegada de nuevos tratamientos a los pacientes.
Por supuesto, se exige también una apuesta igualmente clara por los cuidados. Tenemos la posibilidad de ofrecer opciones esperanzadoras a todos aquellos que sufren enfermedades, no solo en cuanto a diagnóstico y a tratamiento, sino también en cuanto a acompañamiento.
No es casualidad que cuanto menos se valora la vida, más se deterioran los sistemas sanitarios. En España, tenemos problemas gravísimos: listas de espera interminables, falta de profesionales sanitarios —y los que hay tienen que hacer jornadas maratonianas de trabajo—, miles de personas que mueren esperando acceder a cuidados paliativos… Pero, claro, ¿quién va a querer invertir en salud si no valoramos la vida? Resulta espeluznante pensar que hay países —como España— en los que la única alternativa que se ofrece a las personas con enfermedades graves sea la muerte, sea la eutanasia. No podemos resignarnos a un modelo sanitario que mida su eficacia por costes o por ideologías, sino por su capacidad de cuidar, de sanar, de respetar profundamente la vida humana en todas sus etapas.
Frente al sufrimiento, nuestra respuesta debe ser más humanidad, más compromiso, más inversión en salud, investigación y también cuidados paliativos. Si Europa quiere ser referente en innovación, también debe ser referente en el respeto a la dignidad de la persona.
Aurelijus Veryga, ECR frakcijos vardu. – Kolegos. Sveikata yra ne viskas, bet be sveikatos viskas yra niekas. Deja, dažnu atveju tą suprantame pavėluotai. Gaila, kad ir šiandien plačios ir labai skirtingos sveikatos temos – infekcinės ir lėtinės neinfekcinės ligos, kurioms reikalingi labai skirtingi sprendimai, yra suplaktos į vieną diskusiją. Labai gerai, kad Europos Komisija turi ambiciją šioje kadencijoje išplėsti veiklą, įtraukiant ne tik onkologinių ligų, bet ir širdies kraujagyslių ligų įveikos planą. Ir šioje kadencijoje bus ne viena proga pademonstruoti mūsų rimtą nusiteikimą imtis šių sveikatos problemų sprendimo. Pradėkime nuo to, kad jokiomis aplinkybėmis nebegalima leisti pasikartoti, kad būtų sumažintas finansavimas sveikatos programų ir mokslinių tyrimų finansavimui. Norėčiau tikėti ir tikėtis, kad išlaidos sveikatai sekančiame MFF neliks paskutinėje vietoje, kaip ši diskusija plenarinėje sesijoje, nes visada atsiranda svarbesnių reikalų. O nuveikti reikia labai daug. Ir nors sveikata yra šalių narių kompetencija, tačiau yra sričių, kur bendras veikimas galėtų prisidėti prie visų šalių narių problemų sprendimo. Turėsime ieškoti sveikatos specialistų trūkumo problemos sprendimų. Iš siūlymų, kuriuos šiandien girdžiu, jie ne tik nespręstų problemas, bet jas gilintų. Labai džiaugiuosi Komisijos ambicija dėl ypatingos reikšmės vaisto akto, kuris gali ir turėtų sukurti galimybę vaistų gamintojams sugrįžti ir veikti Europos Sąjungoje, o bendri vaistų pirkimai gali pagreitinti inovatyvių vaistų prieinamumą valstybėse narėse, ypač mažosiose, kurios šiuo metu yra nepatrauklios kaip mažos rinkos. XXI amžiuje onkologiniai pacientai skirtingose šalyse turi skirtingas galimybes gauti gydymą ir pagalbą, o kai kurie yra priversti net bylinėtis, kad tokią pagalbą gautų. Tai yra nepriimtina. Šiandien daug ir pagrįstai kalbame apie gynybos pajėgumų didinimą ir saugumo stiprinimą. Tačiau realybė yra tokia, kad negebama užauginti sveikos jaunosios kartos. Ir nemaža dalis jų dėl sveikatos problemų yra netinkami karinei tarnybai. Šioje kadencijoje turėsime galimybę peržiūrėti Tabako produktų direktyvą, ir noriu tikėti, kad ją peržiūrint sveikata bus prioritetas ir kad užteks išminties tvarkytis su Europa užplūdusi naujais produktais, tokiais kaip elektroninės cigaretės, nes jau šiandien turime daugiau nei pakankamai duomenų, kad jos nesprendžia, o kuria naujas sveikatos problemas.
Vlad Vasile-Voiculescu, în numele grupului Renew. – Doamnă președintă, de obicei nu avem timp de povești aici. O să încep astăzi cu o poveste: pe 21 septembrie 2016 eram ministrul sănătății în România. 2016! Institutul Național de Sănătate Publică m-a informat atunci despre o creștere de la 7 la 675 de cazuri de rujeolă confirmate în România. Din 21 septembrie 2016 am declarat epidemie de rujeolă în România. De atunci, epidemia de rujeolă din România nu s-a încheiat. Au urmat mai multe guverne conduse, culmea, de socialiști. Acei socialiști, aceiași socialiști care astăzi refuză să sprijine singurul candidat pro-european din cursa pentru prezidențiale. Iar astăzi, conform Organizației Mondiale a Sănătății, România conduce clasamentul cazurilor de rujeolă raportate în 2024 – peste 30 000. Următoarele state sunt Kazahstan, Federația Rusă, Azerbaidjan și Marea Britanie.
Dacă Uniunea Europeană, doamnelor și domnilor, face ceva în domeniul sănătății, atunci una dintre priorități trebuie să fie bolile infecțioase. În țara mea, rata de vaccinare împotriva rujeolei cu prima doză este de 78 %, cu a doua este de 62 %. Doar patru țări din UE, din întreaga Uniune Europeană, ating pragul de recomandat de 95 %. Aceste țări merită felicitări și aceste țări sunt: Ungaria, Malta, Portugalia și Slovacia.
Dar din totalul de cazuri de rujeolă în toată Uniunea Europeană, 87 % provin din România în 2024, 87 %!
În Uniunea Europeană, doamnelor și domnilor, și în întreaga lume astăzi se duce o bătălie împotriva adevărului și împotriva științei. Am văzut în România, am văzut și în alte state de peste tot de pe glob cum adevărul științific este călcat în picioare de politicieni și de alte forțe din societate. Dacă vrem o Uniune Europeană care protejează cu adevărat cetățenii, atunci, doamnelor și domnilor, asta este bătălia pe care trebuie să o câștigăm. Forțele politice responsabile și societatea civilă onestă trebuie să acționeze ferm împotriva dezinformării criminale cu falsuri medicale, pentru că cele mai multe forțe extremiste de care vorbim astăzi, cele mai multe forțe politice care cresc pe minciună și dezinformare, forțe politice pe care le combatem și aici, și în țările noastre, haideți să fim onești, au crescut pe spinarea celui mai traumatic eveniment planetar din ultimul deceniu. Și acesta a fost, cu siguranță, pandemia.
Dacă pierdem știința și adevărul ca bază fundamentală a realității, societatea în sine, toate societățile noastre nu vor putea supraviețui.
Tilly Metz, on behalf of the Verts/ALE Group. – Madam President, dear Commissioner, when we speak about diseases like cancer, heart conditions, neurological disorders or measles, we don’t speak in abstract terms – we are speaking about our neighbours, our parents, our children. Every one of us has a story. Every one of us knows someone affected. That’s why our response must be human, bold and forward-looking.
Let’s start with the obvious: prevention works, and yet it’s still the most neglected part of our health system. We spend billions on treatment, but far too little on stopping disease before it begins. We need to invest in the conditions that keep people healthy: clean air, clean water, affordable and healthy food, decent housing.
That is why policies like the European Green Deal and the common agricultural policy play a crucial role. Those are not environmental luxuries; they are essential tools for protecting public health.
We need also to address one of the elephants in the room: tobacco. It’s still one of the leading causes of preventable deaths in Europe. It’s time to stop dancing around this issue. We urgently need to revise the EU’s tobacco legislation, including tax rules. Recently, 16 Member States called for a revision – higher taxes, plain packaging, a total ban on advertising, including for newer products like heated tobacco or e-cigarettes. Our legislation must catch up with reality.
Dear colleagues, prevention alone is not enough. We must guarantee affordable and timely access to effective treatment for all, regardless of income or geography. That means making pharmaceutical legislation and innovation conditional on affordability. It means demanding transparency on pricing and research and development costs. Yes, it also means redesigning the way we reward medical innovation so that public investment leads to public benefit.
Finally, we need to stop only reacting to crises and start planning ahead. So Europe needs a comprehensive strategy on non-communicable diseases – we need to stop thinking in silos – that looks across health systems, environment, agriculture and education and social policy.
Prevention and treatment must include protection also for women’s health. That is another aspect; a gender-sensitive approach is needed.
So let’s act with courage, let’s act with care and let’s act now, because lives depend on it.
Milan Mazurek, za skupinu ESN. – Vážená pani predsedajúca, myslíte, že ľudia zabudli, že vám skutočne ľudia odpustili a že si nepamätajú, čo Leyenovej Európska komisia urobila stovkám miliónov obyvateľov Európskej únie počas doby, ktorú ja nazývam doba korona-teroru? Myslíte, že zabudli, že to bola Európska komisia, ktorá vzala stovkám miliónov obyvateľov ľudské práva a rovnako ako v minulosti nacisti či komunisti rozdelila ľudí na hodných a nehodných, na tých, ktorí si mohli ľudské práva nechať, a tých, ktorým boli vzaté? Bol som jeden z tých, ktorý nemohol navštevovať ani telocvične, verejné podujatia a nemohol vychádzať z domu, pretože vaše projekty covidpasov vzali ľuďom práva a keď sa ľudia nezaočkovali, keď ľudia nepodstupovali nezmyselné testy, tak ste im jednoducho neumožňovali žiť normálny život. Spomeňte si na to, koľkým desiatkam miliónov ľudí ste zruinovali ich podnikanie, koľkým deťom ste vzali budúcnosť, koľko sociálnych samovrážd ľudí, ktorých ste dotlačili na dno, ste spôsobili? Koľko zla, násilia a nenávisti ste v spoločnosti napáchali? A to len preto, aby Európska komisia mohla do svojich rúk získať ďalšie práva, ďalšiu kontrolu nad životmi slobodných ľudí, obmedziť národné štáty a robiť si nechutný miliardový biznis cez esemesky prostredníctvom pani Leyenovej. Gigantický konflikt záujmov, ktorý v tomto pléne stále nebol vyšetrený, na ktorého vyšetrenie čakajú občania vo všetkých členských štátoch. Len vy kryjete zločinnosti tejto Európskej komisie. A potom, keď tu predstúpite a poviete, že vy chcete predchádzať chorobám, že vy chcete chrániť zdravie ľudí a hovoríte, že chcete podporovať napríklad fyzickú kondíciu? Vy, tí istí ľudia, ktorí zakazovali ľuďom športovať, ktorí prikazovali ľudí trestať len preto, že chceli ísť cvičiť, športovať či behať niekde na verejnosť. Kto vám má po tom všetkom ešte veriť? Každý zmýšľajúci občan už vidí, že kedykoľvek, keď Európska komisia začne hovoriť o tom, že by mala získať ďalšiu kontrolu, právomoci a možnosti pre to, aby chránila ľudí, tak je v skutočnosti presný opak pravdou. V skutočnosti chcete kompetencie a možnosti pre to, aby ste mohli opätovne robiť svoje biznisy. Aby opätovne niektorí vyvolení mohli rozkrádať peniaze daňových poplatníkov a chcete ďalšiu kontrolu a moc, aby ste ľuďom mohli vziať ich práva a uvrhnúť ich život do absolútnej totality, pretože to je skutočná podstata a charakter tejto Komisie. Museli by mi skutočne ruky dolámať, aby som hlasoval za ďalšie právomoci a kompetencie či rozpočet pre takúto Európsku komisiu.
Seán Kelly (PPE). – A Uachtaráin, Commissioner, across Europe, millions of citizens are affected by diseases that could be prevented, treated earlier and managed better if we act together.
That is why I fully support the EU’s stepped-up efforts on health, particularly in tackling cancer, cardiovascular and neurological diseases and preventing avoidable illnesses like measles. Cancer alone claims nearly 1.3 million lives in the EU each year, but through initiatives like Europe’s Beating Cancer Plan, we are finally taking a coordinated approach and investing in research, screening, early detection and better access to treatment across Member States.
I am proud that Irish researchers, institutions and clinicians are playing a key role in this. Cardiovascular and neurological diseases are among the leading causes of disability and death in Europe. Yet too often, they do not get the attention they deserve.
We need targeted strategies, strong support for cross-border research, and public-awareness campaigns that reach citizens in every region, including rural communities, like many in my own constituency in Ireland South.
Let us be clear. The resurgence of measles in parts of Europe is both tragic and preventable. We must not allow misinformation to roll back decades of progress in public health. Vaccination saves lives. Full stop. We must ensure that no matter where you live in Europe, you have access to the care you need.
Christophe Clergeau (S&D). – Madame la Présidente, Monsieur le Commissaire, la révolution que j’appelle de mes vœux, c’est la révolution de la prévention. Car soigner est indispensable et il faut le faire mieux, mais ce n’est pas une fin en soi. L’objectif, c’est de bien vivre et de bien vieillir, en bonne santé. Cela passe par la prévention, qui est le meilleur des investissements, tandis que la non-action, au contraire, se traduit par des millions de morts et par des milliards d’euros de dépenses inutiles.
Alors oui, nous avons besoin des grands programmes de santé publique existants – comme celui contre le cancer – ou annoncés par la Commission. Pour nous, la priorité, c’est un grand programme pour la santé mentale et un grand programme pour la santé des femmes.
Cependant, nous devons avant tout prévenir les maladies en agissant sur les déterminants de la santé. Agir contre la pauvreté, la précarité, le mal-logement, la précarité énergétique et alimentaire, le rationnement des soins. Agir contre le tabac et la malbouffe: ce sont des catastrophes sanitaires qui résultent de décennies de lobbying et de manipulation par les grands intérêts économiques. Il nous faut impérativement réviser la directive sur le tabac pour combattre les fausses alternatives à la cigarette, qui sont des dangers majeurs pour la santé publique. Nous avons aussi besoin d’un programme législatif concernant l’alimentation, pour combattre les pratiques et les produits dangereux, mieux informer les consommateurs et interdire – oui, interdire! – la publicité pour la malbouffe.
Enfin, nous devons agir contre les effets cumulés de notre environnement sur nos organismes, cette cause émergente de l’explosion des maladies chroniques, des cancers, mais aussi des maladies dégénératives ou des maladies de la douleur. Alors oui, les pollutions, les pesticides, les produits chimiques, les PFAS sont un cocktail terrible qui ruine notre santé. Dans ce domaine, c’est la santé qui doit être la ligne directrice de notre action. Nous sommes à la veille de choix politiques drastiques: prévenir, prévenir et prévenir, c’est le seul choix possible pour le bien-être des Européens.
Manuela Ripa (PPE). – Frau Präsidentin! Krebs und Herz-Kreislauf-Erkrankungen gehören zu den Gesundheitsgefahren unserer Zeit. Gut ist: Viele dieser Erkrankungen sind vermeidbar. Ein zentraler Hebel dabei ist gesunde Ernährung. Doch gesunde Ernährung darf kein Luxus sein. Wenn wir es ernst meinen mit der Vorsorge, dann müssen wir gesunde Lebensmittel günstiger machen, zum Beispiel durch die Senkung der Mehrwertsteuer auf Obst und Gemüse. Gleichzeitig müssen wir ungesunde, stark verarbeitete Produkte angehen. Denn sie belasten nicht nur unseren Körper, sondern auch unser Gesundheitssystem und damit die Allgemeinheit.
Besonders schutzbedürftig sind unsere Kinder. Werbung für ungesunde Lebensmittel, die sich gezielt an sie richtet, muss nicht sein. Kinder sollen lernen, was ihrem Körper guttut, nicht, was sich am besten verkauft. Genauso wichtig ist der informierte Verbraucher. Wer gesund einkaufen will, braucht klar verständliche Nährwertkennzeichnungen.
Doch wir müssen auch über psychische Erkrankungen sprechen und hier über den übermäßigen Konsum sozialer Medien, gerade bei Jugendlichen. Studien zeigen, dass ständiges Scrollen, Reizüberflutung und digitaler Stress das Risiko für Depressionen und Konzentrationsprobleme erhöhen können. Deshalb müssen wir auf europäischer Ebene dringend dafür sorgen, dass unsere Kinder besser geschützt werden. Dazu gehört Aufklärung in der Schule, aber auch Aufklärung der Eltern und eine stärkere Verantwortung der Plattformen. Süchtig machende Algorithmen ebnen den Weg zu einer neuen Volkskrankheit, und das schon in sehr jungen Jahren. Gesundheit ist mehr als die Abwesenheit von Krankheit. Sie beginnt mit Bildung, Schutz und den richtigen politischen Rahmenbedingungen für ein gesundes Europa.
Laurent Castillo (PPE). – Madame la Présidente, Monsieur le Commissaire, chers collègues, tout le monde parle de prévention, mais trop peu la mettent en œuvre. Pourquoi? Parce que ses effets prennent du temps et trop d’élus préfèrent des résultats immédiats. Pourtant, c’est là que tout commence: mieux vivre, désengorger les hôpitaux, réduire les coûts. 1 euro investi en prévention, c’est jusqu’à 6 euros d’économies. Prévenir, c’est voir loin.
Si certains États manquent de courage, alors soyons exemplaires à l’échelle européenne. Après le plan cancer, engageons-nous avec la même ambition contre les maladies cardiovasculaires. Lançons un vrai plan européen de lutte contre l’obésité. La santé des Européens n’est pas un slogan, c’est un combat. Et ce combat commence par la prévention.
Zgłoszenia z sali
András Tivadar Kulja (PPE). – Madam President, dear Commissioner, dear colleagues, I’m a bit disappointed to see so few of us here in person for this debate, especially as we are talking about diseases that pose an increasing burden on our ageing society across Europe.
Cancer, cardiovascular diseases and neurological conditions cause the death of more than 3 million Europeans each year. In the case of cardiovascular diseases alone, 1.3 million of these deaths could be avoided with better prevention, early detection and access to modern, affordable healthcare.
That’s why, along with the European Beating Cancer Plan, we also need strong support and funding for the European Cardiovascular Health Action Plan. To achieve our goals, we must have a truly holistic approach to recognise how physical, mental and brain health are deeply connected.
We have a great responsibility: people are counting on us to act on healthcare, and we also see that where healthcare is declining, extremism is growing. Strengthening healthcare not only helps people, it also protects democracy.
Lukas Sieper (NI). – Frau Präsidentin, liebe Menschen Europas, verehrter Herr Kommissar! Ich danke Ihnen und den ganzen Kollegen hier für die wichtige Arbeit. Ich möchte zum Abschluss noch einmal das Licht auf zwei Aspekte werfen, die auch angesprochen wurden: Das eine ist die Aufklärung, und das andere ist auch die psychologische Betreuung, die im Umfeld von Krankheiten relevant werden kann.
Wir haben da gerade ein leuchtendes Beispiel gesehen bei der Rede des Kollegen Mazurek, der offensichtlich aufgrund mangelnder Aufklärung nicht den Mut hatte, eine wichtige Impfung vorzunehmen, und aufgrund dessen dann gezwungen war, über eine lange Zeit zu Hause zu bleiben, dem sozialen Leben entrissen war und bis heute sichtbar schwere Nachwirkungen davonträgt. Ich denke, wir müssen alle zusammenarbeiten, um den Menschen in Europa die Gesundheit zu geben, die sie verdienen, weil Gesundheit etwas ist, was uns alle angeht.
Diana Iovanovici Şoşoacă (NI). – Doamnă președintă, da, îi acuzi pe alții că sunt bolnavi mintal dar tu nu te duci să te cauți.
Este impardonabil că permiteți aici jignirea unui coleg, în condițiile în care numai dacă ești medic și numai dacă s-a consultat la tine ai posibilitatea să îți expui un punct de vedere. Din punctul meu de vedere, ca avocat, eu l-aș baga direct în închisoare pe domnul care a vorbit înainte de Mazurek. Este impardonabil ceea ce acceptați, aceste jigniri.
Doi la mână, vorbiți de prevenție. Nu veți face niciodată prevenție, pentru că dumneavoastră aveți relații cu Big Pharma. Și acestea au reieșit foarte clar în cazul vaccinării anti-Covid, un vaccin experimental. Dacă vă interesa, în conformitate cu articolul 5 din Convenția de la Oviedo, toate vaccinurile erau experimentale. Eu însămi am luat informațiile de pe site-ul Pfizer și Modena și toate celelalte producătoare.
Vreau să vă spun că, pe cât acuzați dumneavoastră Cuba de dictatură, Cuba a reușit să eradicheze rujeola, în timp ce în Europa este explozie de rujeolă. Foarte interesant. Da, dați cu bastonașul, că pe noi ne interziceți, iar pe ai dumneavoastră îi lăsați. E rușinos ce faceți cu afacerile cu vaccinuri.
(Koniec zgłoszeń z sali)
Costas Kadis, Member of the Commission. – Madam President, honourable Members, thank you. I will be very brief.
First, let me thank you for your insight. It is obvious also from this discussion that diseases, both infectious and non-infectious, are a key public health challenge. During this mandate, the Commission will step up work on promoting health and preventing diseases. We will also ensure that innovation does not stay in the laboratory but can reach and help patients.
To this end. As I mentioned in my introductory remarks, the Commission intends to propose a European Biotech Act. Together, we can work towards better policies, programs and initiatives that support patients.
In turn, that will also reduce the social and economic costs of these diseases. And I’m sure our conversations on this important topics will continue.
Przewodnicząca. – Zamykam debatę.
11. Explanations of vote Przewodnicząca. – Kolejnym punktem porządku dziennego są wyjaśnienia dotyczące stanowiska zajętego w głosowaniu.
11.1. Ninth report on economic and social cohesion (A10-0066/2025 – Jacek Protas) Seán Kelly (PPE). – Bhí áthas orm vótáil ar son an naoú tuarascáil ar chomhtháthú.
This report reaffirms the vital role of EU cohesion policy in promoting balanced development, reducing regional disparities and building long term socioeconomic resilience across the Union.
The report rightly highlights the policy’s positive impact on growth, productivity and employment, while stressing the importance of its core principles, such as the bottom-up approach and partnership model that underpin effective and inclusive governance.
Importantly, it calls for greater flexibility to help cohesion policy respond to crises like pandemics, wars and climate change. It also addresses the ongoing challenges facing regions in transition, especially those affected by industrial decline or near the EU’s external borders.
Simplifying administrative procedures is also key to improving access and reducing barriers.
Tríd is tríd, is tuarascáil mhaith chiallmhar í seo agus bhíos sásta tacaíocht a thabhairt di.
Lukas Sieper (NI). – Madam President, dear people of Europe, cohesion is not charity. It is a political promise that no region, no person is left behind.
This report reminds us that the gaps between European regions are still real in innovation, in jobs, in future prospects, and that’s not acceptable. We need a cohesion policy that matches the challenges of our time, green transition, digital transition and demographic change.
That means simpler access to EU funds, stronger roles for local and regional actors, and long-term thinking, not just emergency response.
Because when we invest in cohesion, we don’t just invest in roads or statistics. We invest in dignity, in democracy and in equal chances all across Europe.
11.2. The role of gas storage for securing gas supplies ahead of the winter season (A10-0079/2025 – Borys Budka) Seán Kelly (PPE). – A Uachtaráin, Arís bhí áthas orm vótáil ar son na tuarascála seo …
Because it extends and revises the EU Gas Storage Regulation as it balances energy security with changing market conditions.
Measures introduced during the 2022 gas crisis, especially mandatory storage targets, proved effective in stabilising supply and protecting citizens from price shocks. Extending them beyond 2025 is a smart step to prepare for future risks.
I support the added flexibility, including the adjusted 83 % target and limited scope for Member State deviations in difficult conditions. These updates respect national contexts while maintaining a strong collective baseline.
The proposal also advances EU goals by phasing out Russian fossil fuels and supporting a return to market-based mechanisms. By cutting red tape and reinforcing subsidiarity, it empowers Member States while ensuring effective oversight.
Bhí bród orm vótáil ar son na tuarascála praiticiúla seo a thugann tacaíocht don Trasdul Glas.
Lukas Sieper (NI). – Señora presidenta, queridos pueblos de Europa, el invierno en Europa puede ser duro: las familias necesitan calor, las empresas necesitan energía segura. Necesitamos reglas claras sobre el gas almacenado porque la energía es parte de la seguridad social y económica.
Sí, el futuro es energía limpia y renovable, pero hoy necesitamos soluciones prácticas para proteger a las personas cuando hace frío y para evitar crisis. Más reglas no es más burocracia, es más seguridad para todos. Mientras cambiamos el sistema energético, necesitamos estabilidad.
11.3. Competition policy – annual report 2024 (A10-0071/2025 – Lara Wolters) Seán Kelly (PPE). – A Uachtaráin, tacaím leis an rún seo toisc go gcuireann sé cur chuige straitéiseach agus cothrom chun cinn chun iomaíochas an Aontais a neartú i dtimpeallacht dhomhanda atá ag athrú go tapaidh. Cuireann sé béim ar chomh tábhachtach atá an iomaíocht chóir, ní hamháin chun an nuálaíocht a spreagadh ach chun tomhaltóirí a chosaint, ach chun athléimneacht eacnamaíochta fhadtéarmach a fhorbairt ar fud an Aontais freisin. Thar aon ní eile, ceanglaíonn sé tosaíochtaí comhshaoil agus digiteacha leis an gcreat iomaíochta. Trínár straitéis eacnamaíoch a ailíniú leis an gComhaontú Glas don Eoraip agus le Compás Digiteach 2030, cabhraímid leis an Eoraip a bheith ina ceannaire domhanda san aon bhunaíocht agus sa teicneolaíocht. Má thacaímid leis an rún seo, beimid ag seasamh an fhóid ar son fás inbhuanaithe, margaí cothroma, agus iomaíochas domhanda an Aontais.
11.4. Old challenges and new commercial practices in the internal market (B10-0246/2025) Lukas Sieper (NI). – Signora Presidente, onorevoli colleghi, cari popoli d’Europa, il mercato unico è una delle cose migliori dell’Unione europea, ma il mercato deve essere giusto per tutti. Oggi ci sono nuove sfide: le piattaforme digitali, le pratiche sleali, le regole poco chiare.
Questa risoluzione è importante. Serve per aiutare le piccole imprese, per proteggere i consumatori e per avere un mercato ben funzionante. Un mercato moderno deve essere anche trasparente e aperto a tutti, non solo ai grandi.
12. Approval of the minutes of the sitting and forwarding of texts adopted Przewodnicząca. – Protokół dzisiejszego posiedzenia zostanie przedłożony Parlamentowi do zatwierdzenia na początku następnego posiedzenia.
Jeśli nie wpłynie żaden sprzeciw, przekażę rezolucje przyjęte na dzisiejszym posiedzeniu osobom i organom w nich wymienionym.
13. Dates of the next part-session Przewodnicząca. – Kolejna sesja miesięczna odbędzie się 21 i 22 maja 2025 roku w Brukseli.
14. Closure of the sitting (Posiedzenie zostało zamknięte o godz. 15.50)
15. Adjournment of the session Przewodnicząca. – Zamykam posiedzenie.
Ogłaszam przerwę w obradach Parlamentu Europejskiego.
Dziękuję bardzo. Do zobaczenia na następnym posiedzeniu.
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MIL-OSI Europe: Answer to a written question – Failure of European policies whose aim was to ensure the continent’s economic prosperity and preserve our industry – E-000196/2025(ASW)
Source: European Parliament
Through the Single Market, the EU has created a way for European companies to have a large home market of 27 Member States, a gross domestic product in excess of EUR 17 000 billion and 450 million customers[1]. This provides economies of scale and scope, necessary for companies to compete on world markets.
The Commission will continue strengthening the Single Market and will continue its industrial policy, including addressing strategic dependencies.
The European Green Deal[2] has put Europe on the track of decarbonisation. By making Europe more efficient in terms of materials and energy, we will increase our open strategic autonomy and become less dependent on imports, including on critical raw materials.
This will boost EU competitiveness and security, while ensuring a healthy environment for EU current and future generations. The Clean Industrial Deal[3] strengthens the business case for investments in competitiveness and decarbonisation.
More specifically, the Commission will propose an Industrial Decarbonisation Accelerator Act that will increase demand for EU-made clean products, including by making use of introducing sustainability, resilience, and ‘made in Europe’ criteria in public and private procurement.
Moreover, the Industrial Decarbonisation Bank[4] will provide industry with the funding required for ambitious decarbonisation projects. Other measures will boost circularity and ensure access to a skilled workforce.
- [1] In addition, the Single Market is well integrated with the European Economic Area as well as with many candidate countries. Further integration is foreseen with the candidate countries.
- [2] https://eur-lex.europa.eu/legal-content/EN/TXT/HTML/?uri=CELEX:52019DC0640
- [3] https://commission.europa.eu/topics/eu-competitiveness/clean-industrial-deal_en
- [4] See under Clean Industrial Deal, footnote 3, above.
Last updated: 8 May 2025 -
MIL-OSI Europe: Briefing – Energy dimension of the Clean Industrial Deal – 08-05-2025
Source: European Parliament
On 26 February 2025, the European Commission presented the Clean Industrial Deal, a new EU plan to support competitiveness and decarbonisation of EU industry. The Deal focuses mainly on energy-intensive industries and clean technologies (clean tech). Both sectors face high energy prices, intense global competition and complex regulations. The Clean Industrial Deal includes several solutions to address this situation. It aims to bring energy costs down, boost demand for clean products, reduce EU dependency on raw materials, improve circularity and restore domestic manufacturing. Planned legislative initiatives in the energy field include a new electricity grids package, revisions of the energy security framework and Energy Union governance, as well as an Industrial Decarbonisation Accelerator Act and a delegated act on low-carbon hydrogen. Recommendations and guidance documents are also planned, for instance on network charges, energy taxation and the design of long-term instruments for electricity supply. In the short term, the Clean Industrial Deal aims to mobilise over €100 billion through boosting EU-level funding, leveraging private investments and enhancing State aid. The key EU funding sources will be the Innovation Fund, Horizon Europe, InvestEU and a new Industrial Decarbonisation Bank. In the next long-term EU budget, the Competitiveness Fund will support EU investments in research and innovation, industrial deployment and scale-up, manufacturing, clean tech and industrial decarbonisation. The European Parliament is currently working on a resolution on the Clean Industrial Deal. The vote in the Committee on Industry, Research and Energy (ITRE) is expected in June 2025, while the plenary vote is planned for July 2025.
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MIL-OSI Europe: Written question – Supporting the development of a strong and competitive European nuclear energy sector – E-001746/2025
Source: European Parliament
Question for written answer E-001746/2025
to the Commission
Rule 144
Dan-Ştefan Motreanu (PPE)Fourteen national business organisations from across Europe have recently formed an alliance to promote the development of nuclear energy, signing a joint declaration in Paris. The declaration calls on the European institutions and the Member States to accelerate the industrialisation of the nuclear sector, to strengthen skills development and to ensure a clear and supportive institutional framework, removing barriers and fully applying the principle of technological neutrality.
The alliance also calls for secure access to both public and private financing, stressing the importance of allowing nuclear energy and related low-carbon solutions to fully benefit from European funding mechanisms, including State aid, funding for Important Projects of Common European Interest, the European Investment Bank, the Innovation Fund and the European Hydrogen Bank.
Given the strategic importance of nuclear energy for Europe’s decarbonisation, energy sovereignty and industrial competitiveness, what measures does the Commission intend to propose to facilitate the full integration of nuclear energy into EU funding programmes and to create a favourable framework for the development of a strong, secure and competitive European nuclear industry?
Submitted: 30.4.2025
Last updated: 8 May 2025 -
MIL-OSI Europe: Written question – Israel’s policy of water deprivation in the West Bank – is the EU funding water apartheid policy in the occupied Palestinian territories (oPts)? – E-001734/2025
Source: European Parliament
Question for written answer E-001734/2025
to the Commission
Rule 144
Matjaž Nemec (S&D), Cecilia Strada (S&D), Irena Joveva (Renew), Mimmo Lucano (The Left), Tineke Strik (Verts/ALE), Catarina Vieira (Verts/ALE), Marc Botenga (The Left), Aodhán Ó Ríordáin (S&D), Vladimir Prebilič (Verts/ALE), Thomas Bajada (S&D), Hana Jalloul Muro (S&D), Rudi Kennes (The Left), Ana Miranda Paz (Verts/ALE), Daniel Attard (S&D), Jaume Asens Llodrà (Verts/ALE), Mounir Satouri (Verts/ALE), Chloé Ridel (S&D), Carola Rackete (The Left), Catarina Martins (The Left), Robert Biedroń (S&D), Majdouline Sbai (Verts/ALE), Hanna Gedin (The Left), Jonas Sjöstedt (The Left), Jussi Saramo (The Left), Marco Tarquinio (S&D), Lynn Boylan (The Left), João Oliveira (The Left), Villy Søvndal (Verts/ALE), Alex Agius Saliba (S&D), Marit Maij (S&D), Li Andersson (The Left), Brando Benifei (S&D), Rima Hassan (The Left), Per Clausen (The Left), Saskia Bricmont (Verts/ALE), Barry Andrews (Renew), Benedetta Scuderi (Verts/ALE)Israel’s policy of water deprivation in the West Bank has long affected many Palestinians and is well-documented by numerous civil society organisations.
The Israeli company Mekorot, Israel’s national water company and the country’s top agency for water management, has been implementing an apartheid policy in water management in the occupied Palestinian territories (oPts), illegally restricting access to water, depriving Palestinians of a sufficient water supply, and violating World Health Organization recommendations. In addition, Mekorot operates approximately 42 wells in the West Bank, mainly in the Jordan Valley region, which primarily supply Israeli settlements.
The EU previously funded Mekorot’s technological capacity. During the 7th Framework Programme cycle, Mekorot received EUR 474.394.36 in funding, and during the Horizon 2020 cycle, the EU financed three projects with a total EU contribution of EUR 866.300.
We therefore ask the Commission the following:
- 1.Does the EU still provide funding to Mekorot?
- 2.How is the Commission monitoring and ensuring that EU funds are not used to finance the water apartheid policy in the oPts?
Submitted: 30.4.2025
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MIL-OSI Asia-Pac: Text of the Vice-President’s interaction with Kautilya Fellows from Indian Foundation, New Delhi (Excerpts)
Source: Government of India
Posted On: 08 MAY 2025 6:27PM by PIB Delhi
Good afternoon,
Shri Ram Madhav, Director, India Foundation. His public life has been dotted with contributions all throughout for larger public welfare but he can legitimately be counted as authentic part of Indian intelligentsia.
Distinguished guests from abroad, and Distinguished members of this group.
Greetings to our foreign guests to Bharat, home to one-sixth of humanity, Global epicenter of culture. We legitimately take pride in being a civilization of thousands of years old and we are unique in several ways, you would have already got some inkling of it. My very distinguished predecessor Venkaiah Naidu ji, a tall figure in Indian politics set very high benchmark as Chairman, Rajya Sabha. He started a bond as he has the good fortune to host two cohorts. Anything done by him carries sublimity and worth. I am delighted to continue this bond which will be enduring, and it is the fifth one. I am particularly fascinated by the name Kautilya fellowship program and more fascinated by the demographic upper sealing it has for 35 years. 35 years would mean all of you can qualify in the right age to be member of Lok Sabha, 25 years is the age.At 30 you can be a member of the upper house. Unfortunately, you can’t contest the election to be the President. There you have to be more than 35 years of age. You are in a land which basically believes in universal brotherhood–Vasudhaiva Kutumbakam. When India hosted and set very high benchmark for G20, the G20 motto was One Earth, One family, One future. This has been exemplified by us over thousands of years, and also in contemporaneous times. At the moment we have global turbulence, Global disturbance. There are global conflagrations, nations are getting ambitious, they are getting in expansion mode and therefore Kautilya’s words of wisdom have great relevance.
Wisdom of Kautilya stands out not as ancient relic but as living guidance. I am sure you must have all studied on Kautilya and his thought process. His philosophy, his Arthashastra remains unmatched in its precision on governance, revealing a mind that understood powers essential in nature and while never forgetting its purpose. Power is defined by limitations. Democracy is nurtured ever mindful of the limitations of power. If you will go deep into Kautilya’s philosophy you will find all this converges only to one essence- nectar of governance, welfare of the people. Kautilya declared, “The happiness of the King lies in the happiness of his people”
If you look at Constitutions of any country that are democratic, you will find this philosophy is the underlying spirit and essence of Democratic governance and democratic values. This people centric foundation reminds us that legitimacy flows not on account of being elected to governance, not on account of being in seat of power but it flows when you get involved passionately in mission mode with deep commitment to execution and public welfare activities.
Democracy is nurtured best when expression and dialogue complement each other, this distinguishes democracy from any other form of governance and in India democracy did not start with our constitution coming into force or we getting Independence from foreign rule. We have been a democratic nation in spirit for thousands of years and this expression and dialogue, complementary mechanism, अभिव्यक्ति, वाद-विवाद has been known in Vedic culture as Anantvad. I am therefore extremely optimistic, brimming with confidence that a world that I described is so torn. If young minds can get together from several countries, get to know each other and that too in Land of Civilization, cradle of Civilization, crucible of innovation where the only thought process resonating over the years is welfare of all.
You would have felt by now, Atithi Devo Bhava. Guest for us is God. You would have felt it on any part of the country. The format will be different, mechanism will be different but the spirit will be the same. I therefore beseech you to look at Bharat, what it was, lost way somewhere in between. There was a time when India contributed to the extent of one third of the global economy, there was a time when India was global destination for knowledge & wisdom. Our educational institutions – Nalanda, Takshashila to name only two, were glorified but about 1300 years ago Nalanda was put in flames. Precious library was lost, Marauders came, they made an effort to revenge our culture, tyrannical, barbaric in their approach but the land survived.You see recent decades, we were a fragile economy counted or stigmatized as being part of fragile five. Now we are the fourth largest global economy on way to becoming the third. You have to understand Bharat at the moment. No nation in the world has grown so exponentially in last decade as Bharat. Among the larger economies, our pace of growth, our economic upsurge has been at the front. This has converted Bharat into the most aspirational nation in the world at the moment. And primarily because of the segment you represent. Bharat’s demographic dividend is envy of the world. You all are stakeholders in governance in future of the world more than us. You have to drive the growth engine for larger prosperity of the world. Today you see a Bharat at the moment where developmental impact is being felt in the villages.
Imagine all village households having access to minimum 4G internet technology. Imagine a nation which contributes more than 50% of global technological transactions. Imagine a country of 1.4 billion which just a decade ago did not have all households connected to electricity, to pipe water, had no toilet facility, no gas connection. Now they have.
This transformation has brought about equality. This transformation has cut into inequities. Bharat is a growth story accoladed by the world. To be emulated by many nations and they have expressed desire. Global institutions, the World Bank, the IMF, they have recognised this spinal strength of human genius of Bharat. Strength and resilience of its economy. And that is why IMF declared India that is the Bharat as a global shining centre of investment and opportunity.
Boys and girls you are in this land. Our Prime Minister, a great visionary believes in big scale. He believes in massive transformation. He believes in the transformation of the world and after a decade of governance the results are writing on the wall. It is after a long gap of several decades, that we have a Prime Minister continually in the third term and that is making all the difference. And this is what Prime Minister Narendra Modi said, “Democracy is in our DNA”
Why in our DNA? Because from ancient Vedic Sabhas and Samitis to our contemporary electoral system. Boys and girls examine. This is the only country in the world that has constitutionally prescribed democratic system at the village level, at the district level, at the state level, at the national level.
This was brought in effect in our country about three and a half decades ago. We started initially with electoral system, democratic process for Parliament and state legislatures but now it has permeated and all this is Constitutionally prescribed. A stable, robust constitutional mechanism has to ensure governance at the village level, at taluk level, at district level. Let me indicate some statistics that will buttress my point. Our electoral process stands as a marvel of scale and inclusion.
The number of registered voters is 990 million. We will be touching a billion. And in the last election in 2024, 642 million people cast votes. This is twice the size of the population of United States. Globally in democratic process there is a declining trend of participation but Bharat defeats this trend. Participatory democracy is blossoming in Bharat and the turnout is rising. It is currently close to 65 percent. Our commitment to gender equity is now constitutionally codified. Women reservation in legislature and Parliament is to the extent of one third now. This is a facet of empowerment of women.
Humanity cannot grow equitably without a fair share of participation by women. But what you need to learn more particularly is reservation to the extent of one third in Lok Sabha and State legislatures is not the upper limit. In the other two third category women can participate. So their number will be more than two third, more than one third, but a striking feature of this reservation is it is horizontal and vertical. Marginalised sections, scheduled castes, scheduled tribes, they will have reservation in themselves but there will be reservation for women in that category also.
So boys and girls, this is epochal development. This will be game changing and this will impact this country in a manner that we will regain our past glory as Vishwaguru. Bharat is not a nation with potential. It is a nation on the rise. The rise is unstoppable. The rise is incremental. Making India a developed nation at 2047 when we complete centenary of our independence is not a dream.
It is our destination. Everyone in the country is confident we will achieve it in 2047 if not earlier. In doing all this, our Prime Minister has exemplified in action Kautilyan philosophy. Kautilya’s thought process is a treatise in governance virtually encyclopedic for every facet of governance, state craft, security, role of the king, now those elected. In our multipolar world, we are shifting alliances; you know more than I do. We had a concept, fly by night concept. Same can be seen with alliances. But Kautilya imagined then that this will be our shifting.Let me quote Kautilya, “Neighbouring state is an enemy and the enemy’s enemy is a friend”, which country knows better than Bharat. We always believe in global peace, global fraternity, global welfare and that is why I said our motto for G20 reflected that 100%. We must go by results. How many people have been hand held to lead a life of dignity, to come out of poverty and that is decided by certain indicators. The number is 248 million. This has been done by a multi pronged strategy. They have been hand held and they have come out. The number will keep on growing. I do not wish to take more time but indicate to you that perhaps what is your median age? 28, around. I say so because this is median age of our demographic dividend. This will take us to our destination.
I will conclude by giving you one illustration, How Prime Minister Modi followed Chanakya Kautilya. When the world faced a non-discriminatory challenge in the shape of COVID, the challenge was much bigger for a nation of 1.4 billion people, and this is what Narendra Modi did. His first step was people’s curfew. People were amazed. Why India’s Prime Minister is thinking of people’s curfew? It was not state sponsored, not administration enforced. He appealed to the people.
Not a soul was on the street. There was near 100% compliance. This motivated the people. This gave strength to a leadership that had vision. Determined to fight COVID at a time when there was no vaccine. No immediate solution in sight.I know it because then I was boys and girls, Governor of the State of West Bengal. I was looking at the problem that was staring us. I had the good fortune to see in city of joy, Kolkata, curfew being 100% by the people but the underlying spirit of the Prime Minister was it is for the people. It is for the benefit of the people. Can there be greater awareness of the problem than this? This one step by visionary Prime Minister enlightened everyone about the gigantic scale of the problem. Secondly, lighting of candles. I as governor did it. And that was symbolising hope that there may be darkness of COVID, but there will be light. We have Indian tradition when there is some happiness lie when a child is born, how do you light a candle? How would the villagers know? So the house that is honoured by arrival of a newborn, they will take a thali, a metal plate and do it, we did that. At that time, some people did not see the underlying rationale of the Prime Minister. In retrospect they know the man was present Kautilya. He was present, Chanakya. Same about economy. Economy of this country has risen like a plateau. He realised, as Kautilya instructed in Arthashastra, if the last mile people do not rise, economy cannot get quantum jump.
Just imagine, and I will urge all of you to study, the impact of Mudra Loan. How it has converted 50% beneficiaries who are women into entrepreneurs. How it has led women and others to self-economic independence. I am extremely delighted to be amongst you because you constitute the intellectual capital of the world. This convergence is motivated by not welfare of one nation, one race, one caste, one creed, one religion. It is meant in the true spirit of ‘Vasudhaiva Kutumbakam’, the world is one family. We aspire for welfare of the entire world.
Kautilya had one great emphasis. Democracy has to be participatory. Development equally has to be participatory. He laid great emphasis on individuals contributing for national welfare. A nation is defined by decorum, discipline that is individualistic in nature. Similarly, I quote Kautilya, “Just as one wheel alone does not move a cart,” those were the days only of cart, not of automobiles.Administration cannot be accomplished single-handedly. This nation has an administration which is innovative. In the country we had some districts that were lagging behind. Bureaucrats did not venture into those areas. Prime Minister Modi created a nomenclature for those districts. ‘Aspirational Districts’ and now those ‘Aspirational Districts’ have turned out to be leader districts in development.
Prime Minister Modi certainly thought that people are going to metros. Tier 2, Tier 3 cities must also be hub of economic activity. He devised a mechanism of smart cities. Smart cities were not in the context of infrastructure or beauty. It was in the context of facilities being available for entrepreneurs, for students, so that they do not have to go to metros.
There was a time when in this country for security purposes we used to call our villages on the border as the last village. He changed it. He changed it into first village, a vibrant village. So boys and girls, make most of your time while you are here and I am sure you will carry fond memories. Nurture the bonds you create here. These bonds will help you all your lives, trust me. Do you have an alumni culture of your cohorts? Develop that. I am extremely privileged to be part of this discourse. I will say three things and conclude. One — it is for the first time in G20, India took the initiative to make African Union a member of G20. It is for the first time that Prime Minister Modi took the initiative to put the consensus of the Global South on international radar. And last, while you were battling COVID, this country helped 100 other countries with COVID vaccine.
Thank you so much****
JKRC/SM
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MIL-OSI: Oak Ridge Financial Services, Inc. Announces First Quarter 2025 Results and 17% Increase in Quarterly Cash Dividend
Source: GlobeNewswire (MIL-OSI)
OAK RIDGE, N.C., May 08, 2025 (GLOBE NEWSWIRE) — Oak Ridge Financial Services, Inc. (“Oak Ridge”; or the “Company”) (OTCPink: BKOR), the parent company of Bank of Oak Ridge (the “Bank”), announced unaudited financial results for the first three months of 2025 and an increase of $0.02, or 17%, in its quarterly cash dividend to $0.14 per common share.
First Quarter 2025 Highlights
- Earnings per share were $0.57, up from $0.56 in the fourth quarter of 2024 and $0.50 in the first quarter of 2024.
- Return on equity of 10.04%, compared to 9.63% for the prior quarter and 9.31% for the first quarter of 2024.
- Net Income was $1.6 million, up from $1.5 million in the fourth quarter of 2024 and $1.4 million in the first quarter of 2024.
- Tangible book value per common share of $23.50 as of period end, compared to $23.02 at the end of the prior quarter, and $21.80 at the end of the first quarter of 2024.
- Dividends declared per common share of $0.14, up 17% from $0.12 for the prior quarter and the first quarter of 2024.
- Net interest margin was 3.97%, increasing from 3.92% in the fourth quarter of 2024 and from 3.79% in the first quarter of 2024, representing a sequential increase of 5 basis points and a year-over-year increase of 18 basis points.
- Efficiency ratio of 66.8%, compared to 64.6% for the prior quarter and 68.3% for the first quarter of 2024.
- Loans receivable of $528.5 million at quarter end, up 11.7% (annualized) from $514.3 million as of the prior quarter end, up 10.7% from $477.4 million at the end of the first quarter of 2024.
- Nonperforming assets to total assets of 0.67% at quarter end, compared to 0.44% as of the prior quarter end and 0.07% at the end of the first quarter of 2024.
- Nonperforming assets were $4.6 million at quarter end, compared to $3.5 million as of the prior quarter-end and $461,000 as of the prior year quarter end. $4.0 million of the $4.1 million increase in nonperforming assets from the prior year quarter-end to the current quarter end is due to the guaranteed and nonguaranteed balances of eight Small Business Administration (“SBA”) 7(a) loans that moved to nonaccrual status during the third and fourth quarters of 2024, and the first quarter of 2025. The balances as of March 31, 2025, of SBA nonperforming loans guaranteed and unguaranteed by the SBA were $3.1 million and $858,000, respectively.
- Securities available-for-sale and held-to maturity of $98.9 million at quarter end, representing an annualized decrease of 21.1% from $104.4 million at the prior quarter end, and a decrease of 8.3% from $107.8 million at the end of the first quarter of 2024.
- Total deposits of $542.5 million at quarter end, representing annualized growth of 8.6% from $531.3 million at the prior quarter end, and an increase of 9.2% from $496.9 million at the end of the first quarter of 2024.
- Total short and long-term borrowings, junior subordinated notes, and subordinated debentures of $59.7 million at quarter end, representing an annualized increase of 10.5% from $58.2 million at the prior quarter end, and a decrease of 7.0% from $64.2 million at the end of the first quarter of 2024.
- Total stockholders’ equity of $64.3 million at quarter end, up 8.6% (annualized) from $63.0 million as of the prior quarter end, up 8.0% from $59.6 million at the end of the first quarter of 2024.
- On March 31, 2025, the Bank’s Community Bank Leverage Ratio (CBLR) was 11.1%, up slightly from 11.0% on December 31, 2024. A bank or savings institution electing to use the CBLR will generally be considered well-capitalized and to have met the risk-based and leverage capital requirements of the capital regulations if it has a leverage ratio greater than 9.0%.
We are pleased to report a strong start to 2025, marked by solid financial performance and a significant 17% increase in our quarterly cash dividend to $0.14 per share. Our first quarter earnings demonstrated positive momentum, showing improvement both sequentially from the fourth quarter of 2024 and year-over-year. We continued to experience healthy loan growth, achieving a double-digit annualized rate, supported by a robust deposit base and strategic use of borrowings. While we noted a manageable increase in nonperforming assets predominantly related to specific SBA loans, our overall asset quality remains sound, and our net interest margin strengthened during the quarter. Our capital and liquidity positions remain robust, providing a strong foundation for continued growth and the ability to deliver enhanced value to our shareholders. At Oak Ridge, our commitment to building strong client relationships through tailored financial solutions remains paramount, and we appreciate the dedication of our team in consistently serving our customers and managing the Bank effectively.
The $0.02, or 17% increase in the Company’s quarterly cash dividend to $0.14 per share of common stock will be paid on June 9, 2025, to stockholders of record as of the close of business on May 23, 2025. “We are proud of our record of regularly increasing our quarterly cash dividend to our stockholders,” said Mr. Wayne. “Paying stockholders a portion of our earnings reflects our continuing commitment to enhance stockholder value.”
For the three months ending March 31, 2025 and 2024, net interest income was $6.3 million and $5.6 million, respectively. For the three months ending March 31, 2025, the net interest margin increased 18 basis points to 3.97%, compared to 3.79% for the three months ending March 31, 2024.
For the three months ending March 31, 2025, the Company recorded a provision for credit losses of $304,000, compared to a provision for credit losses of $264,000 in the same period in 2024. The allowance for credit losses as a percentage of total loans was 1.05% and 1.03% on March 31, 2025 and 2024, respectively. As highlighted earlier, nonperforming assets increased during the quarter and represented 0.67% of total assets on March 31, 2025, compared to 0.07% on March 31, 2024. The recorded balances of nonperforming loans were $4.6 million on March 31, 2025, compared to $461,000 on March 31, 2024. The $4.1 million increase in nonperforming loans from March 31, 2024 to March 31, 2025, was primarily attributable to eight SBA 7(a) loans totaling $4.0 million moving to nonaccrual status during the third and fourth quarters of 2024, and the first quarter of 2025, of which $3.1 million is guaranteed by the SBA. The SBA loans are also secured by real estate and personal guarantees.
Noninterest income experienced a decrease from $918,000 for the three months ended March 31, 2024, to $784,000 for the comparable period in 2025. This net decrease of $134,000 was driven by offsetting trends within its components. A significant increase was observed in service charges on deposit accounts, which rose from $628,000 in the first quarter of 2024 to $836,000 in the first quarter of 2025, primarily due to the implementation of a new deposit account fee in 2024. Conversely, income from Small Business Investment Company (SBIC) investments decreased. The Company recorded $209,000 in income from these investments during the three months ended March 31, 2024, but recognized no comparable income in the same period of 2025 due to no income distributions received.
Noninterest expense increased from $4.3 million for the three months ended March 31, 2024, to $4.7 million for the three months ended March 31, 2025, representing a net increase of $400,000. Several categories contributed significantly to this rise. Salaries increased by $188,000 to $2.4 million in the first quarter of 2025, up from $2.2 million in the first quarter of 2024, primarily due to higher salaries and incentive payments. Employee benefits also saw an increase of $100,000, rising to $370,000 in the first quarter of 2025 from $270,000 in the corresponding 2024 period, mainly due to increased expenses related to the Bank’s employee stock ownership plan and overall employee benefits. Occupancy expenses rose by $47,000 to $321,000 in the three months ended March 31, 2025, compared to $274,000 in 2024, largely due to higher property maintenance costs. Partially offsetting these increases was a decrease in equipment expense of $80,000, falling to $134,000 in the first quarter of 2025 from $214,000 in the same period of 2024, primarily due to lower equipment depreciation expense. Data and items processing expense also increased by $108,000 to $602,000 in the three months ended March 31, 2025, up from $494,000 in 2024, mainly due to higher software licensing fees paid to the Bank’s core processing vendor.
About Oak Ridge Financial Services, Inc., and Bank of Oak Ridge
At Bank of Oak Ridge, we pride ourselves on knowing your name when you walk through our door. Whether in-person or through our digital offerings, managing your financial well-being is easy, safe, and convenient. We are the longest-running employee-owned community bank in the Triad and have served community members, local businesses, and non-profit organizations since 2000. Learn more about what makes Bank of Oak Ridge the Triad’s community bank by visiting one of our convenient locations in Greensboro, High Point, Summerfield, and Oak Ridge.Oak Ridge Financial Services, Inc. (OTC Pink: BKOR) is the holding company for Bank of Oak Ridge. Bank of Oak Ridge is a member of the FDIC and an Equal Housing Lender.
Awards & Recognitions | Best Bank in the Triad | Triad’s Top Workplace Finalist | 2016 Better Business Bureau Torch Award for Business Ethics | Triad’s Healthiest Employer Winner
Banking for Business & Personal | Mobile & Online Banking | Worldwide ATM | Debit, Credit + Rewards | Checking, Savings & Money Market | Loans + SBA | Mortgage | Insurance | Wealth Management
Let’s Talk | 336.644.9944 | www.BankofOakRidge.com | Extended Interactive Teller Machine Hours at all Triad Locations
Forward-looking Information This earnings release contains certain forward-looking statements with respect to the financial condition, results of operations and business of the Company. These forward-looking statements involve risks and uncertainties and are based on the beliefs and assumptions of the management of the Company and on the information available to management at the time that these disclosures were prepared. These statements can be identified by the use of the words “expect,” “anticipate,” “estimate” and “believe,” variations of these words and other similar expressions. Readers should not place undue reliance on forward-looking statements as a number of important factors could cause actual results to differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, (1) competition in the Company’s markets, (2) changes in the interest rate environment, (3) general national, regional or local economic conditions may be less favorable than expected, resulting in, among other things, a deterioration in credit quality and the possible impairment of collectability of loans, (4) legislative or regulatory changes, including changes in accounting standards, (5) significant changes in the federal and state legal and regulatory environment and tax laws, and (6) the impact of changes in monetary and fiscal policies, laws, rules and regulations. The Company undertakes no obligation to update any forward-looking statements.
OAK RIDGE FINANCIAL SERVICES, INC. CONSOLIDATED BALANCE SHEETS (Dollars in thousands, except share data) March 31, December 31, March 31, 2025 2024 2024 ASSETS (unaudited) (audited) (unaudited) Cash and due from banks $ 10,641 $ 8,075 $ 6,688 Interest-bearing deposits with banks 14,614 13,102 16,862 Total cash and cash equivalents 25,255 21,177 23,550 Securities available-for-sale 80,291 85,714 89,132 Securities held-to-maturity, net of allowance for credit losses 18,653 18,662 18,690 Restricted stock, at cost 3,616 3,439 2,692 Loans receivable 528,521 514,292 477,448 Allowance for credit losses (5,558 ) (5,388 ) (4,941 ) Net loans receivable 522,963 508,904 472,507 Property and equipment, net 8,740 8,664 8,596 Accrued interest receivable 3,478 3,135 2,841 Bank owned life insurance 6,290 6,268 6,200 Right-of-use assets – operating leases 2,165 2,166 2,393 Other assets 5,218 5,553 5,010 Total assets $ 676,669 $ 663,682 $ 631,611 LIABILITIES Noninterest-bearing deposits $ 124,274 $ 119,851 $ 99,666 Interest-bearing deposits 418,245 411,464 397,220 Total deposits 542,519 531,315 496,886 Short-term borrowings 41,500 18,000 34,000 Long-term borrowings – 22,000 12,000 Junior subordinated notes – trust preferred securities 8,248 8,248 8,248 Subordinated debentures, net of discount 9,993 9,983 9,953 Lease liabilities – operating leases 2,165 2,166 2,393 Accrued interest payable 956 709 1,729 Other liabilities 6,970 6,546 6,848 Total liabilities 612,351 600,692 572,057 STOCKHOLDERS’ EQUITY Common stock 26,881 26,733 26,854 Retained earnings 38,562 37,771 34,458 Net unrealized loss on debt securities, net of tax (1,118 ) (1,771 ) (1,942 ) Net unrealized loss on hedging derivative instruments, net of tax (7 ) 257 184 Total accumulated other comprehensive loss (1,125 ) (1,514 ) (1,758 ) Total stockholders’ equity 64,318 62,990 59,554 Total liabilities and stockholders’ equity $ 676,669 $ 663,682 $ 631,611 Common shares outstanding 2,747,920 2,736,770 2,761,870 Common shares authorized 50,000,000 50,000,000 50,000,000 OAK RIDGE FINANCIAL SERVICES, INC. CONSOLIDATED STATEMENTS OF INCOME (Dollars in thousands, except share data) Three Months Ended March 31, December 31, March 31, 2025 2024 2024 Interest and dividend income: Loans and fees on loans $ 8,276 $ 8,212 $ 7,230 Interest on deposits in banks 166 217 151 Restricted stock dividends 49 64 45 Interest on investment securities 1,282 1,279 1,445 Total interest and dividend income 9,773 9,772 8,871 Interest expense Deposits 2,714 2,700 2,351 Short-term and long-term debt 767 786 899 Total interest expense 3,481 3,486 3,250 Net interest income 6,292 6,286 5,621 Provision for credit losses 304 514 264 Net interest income after provision for credit losses 5,988 5,772 5,357 Noninterest income: Service charges on deposit accounts 227 234 172 Gain (loss) on sale of securities – 19 – Insurance commissions 150 125 135 Gain on sale of Small Business Administration loans – – – Debit and credit card interchange income 272 285 288 Income from Small Business Investment Company – – 78 Income earned on bank owned life insurance 22 23 22 Other Service Charges and Fees 88 98 98 Total noninterest income 759 784 793 Noninterest expenses: Salaries 2,354 2,198 2,166 Employee Benefits 335 370 312 Occupancy 300 321 296 Equipment 164 134 163 Data and Item Processing 615 602 520 Professional & Advertising 219 298 314 Stationary and Supplies 31 21 32 Telecommunications 80 65 80 FDIC Assessment 120 118 114 Other expense 491 441 383 Total noninterest expenses 4,709 4,568 4,380 Income before income taxes 2,038 1,988 1,770 Income tax expense 469 461 403 Net income and income available to common shareholders $ 1,569 $ 1,527 $ 1,367 Basic income per common share $ 0.57 $ 0.56 $ 0.50 Diluted income per common share $ 0.57 $ 0.56 $ 0.50 Basic weighted average shares outstanding 2,761,870 2,744,609 2,743,611 Diluted weighted average shares outstanding 2,761,870 2,744,609 2,743,611 OAK RIDGE FINANCIAL SERVICES, INC. Selected Financial Data As Of Or For The Three Months Ended, March 31, December 31, September 30, June 30, March 31, 2025 2024 2024 2024 2024 Return on average common stockholders’ equity1 10.04 % 9.63 % 9.56 % 8.57 % 9.31 % Tangible book value per share $ 23.41 $ 23.02 $ 22.78 $ 21.95 $ 21.56 Return on average assets1 0.95 % 0.91 % 0.91 % 0.80 % 0.88 % Net interest margin1 3.97 % 3.92 % 3.81 % 3.81 % 3.79 % Efficiency ratio 66.8 % 64.6 % 67.9 % 70.0 % 68.3 % Nonperforming assets to total assets 0.67 % 0.53 % 0.45 % 0.08 % 0.06 % Allowance for credit losses to total loans 1.05 % 1.05 % 1.06 % 1.06 % 1.03 % 1Annualized Contact: Skylar Mearing, Marketing Director
Phone: 336.662.4840 -
MIL-OSI Banking: Samsung Galaxy S25 Edge Features New Corning® Gorilla® Glass Ceramic 2 for Enhanced Durability
Source: Samsung
Samsung Electronics Co., Ltd. and Corning Incorporated (NYSE: GLW) today announced that the upcoming Galaxy S25 Edge will feature Corning® Gorilla® Glass Ceramic 21, a new glass ceramic offering that delivers advanced protection in a new, remarkably thin device form factor. Driven by a shared visi toughness that Corning® Gorilla® Glass is known for. Combining Corning’s advanced glass technology with Samsung’s proprietary processing and reinforcement technologies, the Gorilla Glass Ceramic 2 cover on Galaxy S25 Edge delivers a sleek yet strong design.
“Galaxy S25 Edge will set a new standard for craftsmanship and performance as our slimmest Galaxy S series device yet,” said Kwangjin Bae, EVP and Head of the Mechanical R&D Team of Mobile eXperience Business(MX) at Samsung Electronics. “To support this breakthrough design, it was essential to develop a display material that was both exceptionally thin and reliably strong — a challenge that brought Corning and Samsung together, united by a shared vision for purposeful engineering anon to push the boundaries of mobile engineering, Samsung and Corning joined forces to ensure the premium S series experience balances elegance with resilience.
Gorilla Glass Ceramic 2 further extends the legendaryd user-centric innovation. That vision is embedded in every detail of Galaxy S25 Edge.”Gorilla Glass Ceramic 2 features crystals intricately embedded within its glass matrix, enhancing the durability and crack deflection capabilities of the display cover. The synergy between the glass and crystal components is engineered to provide improved toughness while retaining high optical transparency. As a key component in enhancing damage-resistance, Corning’s ion exchange process further fortifies the glass ceramic material and improves retained strength of the display cover.
“With Gorilla Glass Ceramic 2, we’ve achieved a remarkable combination of thinness and strength, giving consumers the best of both worlds — exceptional durability in a modern, sleek and premium design,” said Andrew Beck, Vice President and General Manager, Corning® Gorilla® Glass. “The craftsmanship of Galaxy S25 Edge with Gorilla Glass Ceramic 2 underscores Corning and Samsung’s commitment to meeting the evolving needs of consumers worldwide.”
For more information and details about the highly anticipated Galaxy S25 Edge, tune into the launch event to be livestreamed on Samsung’s YouTube channel on May 12 at 8 p.m EDT and 5 p.m. PDT.
Reserve now and get a $50 Samsung credit towards your next Galaxy device.2 -
MIL-OSI Banking: APEC Confronts AI Challenges and Labor Gaps in Jeju Jeju, Republic of Korea | 08 May 2025 Issued by the APEC Human Resources Development Working Group APEC economies opened a four-day meeting today in Jeju to address a growing set of challenges facing the region’s workforce, including the impacts of artificial intelligence, aging populations and persistent gaps in education and employment systems.
Source: APEC – Asia Pacific Economic Cooperation
APEC economies convened for a four-day meeting in Jeju to address a growing set of challenges facing the region’s workforce, including the impacts of artificial intelligence, aging populations and persistent gaps in education and employment systems.
Speaking at the opening plenary of the APEC Human Resources Development Working Group on Wednesday, Seok-Hwan Oh, Vice Minister of Korea’s Ministry of Education, emphasized the urgent need to reform education systems to keep pace with technological disruption.
“We are at a turning point,” Vice Minister Oh said. “Education must go beyond transmitting knowledge. It must connect learners, encourage critical thinking and promote adaptability.”
He highlighted Korea’s initiative to introduce AI-powered digital textbooks designed to personalize learning and equip students with problem-solving skills.
“The starting point of change is in the classroom,” he said. “We are supporting teacher-led innovation and expanding digital access to ensure no student is left behind.”
Throughout the day, delegates examined how APEC member economies can update education and employment strategies to remain relevant in the face of rapid change. A key theme was the growing mismatch between what schools teach and what labor markets need.
Chang-june Kwon, Korea’s Deputy Minister of Employment and Labor, addressed the structural changes sweeping through global labor markets. “The spread of artificial intelligence, low birth rates, and an aging population are reshaping how economies grow, how people work and what skills are needed,” he said.
Deputy Minister Kwon outlined policy reforms Korea is pursuing, including flexible labor systems, stronger support for lifelong learning and better integration of women and older adults into the workforce. “We must reduce rigidities in wage and working-hour structures and create a fairer labor ecosystem that supports job transitions and reduces disparities,” he added.
He also called for better protections for vulnerable workers, particularly those in non-standard employment such as platform and freelance jobs. “We must build an employment safety net without blind spots,” Kwon said.
The meeting includes representatives from all 21 APEC economies and serves as a lead-up to two ministerial-level discussions on education and workforce development next week. Sessions this week will focus on disability inclusion, digital skills, regional policy coordination and ways to engage younger generations in emerging job sectors.
“The human element of economic growth is too often overlooked. This working group is vital to making sure our people are prepared for the future, not just our markets.” said Eduardo Pedrosa, Executive Director of the APEC Secretariat.
Pedrosa pointed to APEC’s long history of focusing on human capacity building, including projects that promote digital literacy, inclusive employment and future-oriented education policies. “We need stronger stakeholder engagement and open dialogue to turn our shared challenges into shared progress,” he said.
The agenda for the week includes updates on regional policy frameworks and new proposals for regional collaboration. One proposal introduced by Korea calls for the creation of a new regional fund focused on supporting future generations, which would invest in policies that address education gaps, youth employment and digital transition.
Officials are also reviewing current initiatives on disability employment, digital employment trends and cross-sector coordination. Including sessions that focus on case studies from across the region, as well as discussions with other APEC groups working on transport, services and small business development.
Zhao Li, Chair of the Human Resources Development Working Group, said the group’s work is focused on finding practical solutions that enable private sector job growth.
“In this landmark 50th plenary, we are not just marking a milestone. We are building a bridge between what APEC has achieved in workforce policy and what it must now do to stay ahead,” Li said.
“Our focus is to fuel the economic growth of the region through human resources development, helping employers find the workers with the right skills and supporting the creation of private sector jobs,” Li added. “This meeting allows us to align approaches that can inform ministerial-level action.”
The working group will conclude on 10 May with presentations of key recommendations and outcomes from its thematic networks. Discussions will help shape APEC’s broader agenda for sustainable and inclusive growth through people-centered development.
The outcomes of the Jeju meeting will directly inform the upcoming Human Resources Development Ministerial Meeting and APEC Education Ministerial Meeting, both scheduled to take place later this week. Ministers are expected to consider the policy proposals and collaborative models developed during this working-level dialogue as they chart the region’s next steps in building a resilient, inclusive and future-ready workforce.
For further information or media inquiries, please contact:
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MIL-OSI USA: Tuberville, Cornyn Introduce Bill to Crack Down on Illegal Immigrants Who Murder Innocent Americans
US Senate News:
Source: United States Senator Tommy Tuberville (Alabama)
WASHINGTON – Today, U.S. Senator Tommy Tuberville (R-AL) joined U.S. Senator John Cornyn and several of their colleagues to introduce the Justice for American Victims of Illegal Aliens Act, which would codify President Trump’s Executive Order subjecting illegal immigrants who kill American citizens to the death penalty. Earlier today, Sen. Tuberville joined Sen. Cornyn, Sen. Steve Daines (R-MT), and Sen. Tim Scott (R-SC) for a press conference about the bill.“Over the past four years, Joe Biden and Kamala Harris welcomed more than 10 million illegal immigrants into this country with open arms,” said Sen. Tuberville. “As a direct result, innocent Americans like Laken Riley and Rachel Morin have lost their lives. It’s simple: if you’re in this country illegally and you murder an American citizen, you should face the death penalty. President Trump has essentially stopped the crisis at our southern border. Republicans in Congress must do our part to ensure no more American blood is shed at the hands of criminals who shouldn’t be here in the first place.”
“Violent predators who enter our country illegally and brutally murder American citizens should be subject to the death penalty as a consequence of their heinous actions,” said Sen. Cornyn. “By enshrining President Trump’s Executive Order into law, this legislation would protect the American people, make our country safe again, and ensure no future President can singlehandedly undo this consequence for taking innocent lives.”
Joining Senators Tuberville and Cornyn in cosponsoring the bill are Senators Jim Banks (R-IN), Mike Crapo (R-ID), Steve Daines (R-MT), Jim Justice (R-WV), Pete Ricketts (R-NE), Jim Risch (R-ID), Tim Scott (R-SC), and Thom Tillis (R-NC).
Watch the full press conference here or Sen. Tuberville’s remarks here.
BACKGROUND:
Under the Biden administration’s reckless open-border policy and failure to enforce the law, millions of illegal immigrants flooded into the United States, creating the worst immigration crisis in history. After entering the U.S., many illegal immigrants subsequently committed crimes, including violent felonies and murder. For example:
August 5, 2023 – An illegal immigrant from El Salvador attacked, raped, and murdered 37-year old Rachel Morin, a mother of five, in Bel Air, Maryland. The perpetrator had previously attacked a 9-year old girl and her mother in Los Angeles.
December 4, 2023 – An illegal immigrant from Mexico stabbed 16-year old Lizbeth Medina to death and left her body in a bath tub in Edna, Texas.
February 22, 2024 – An illegal immigrant from Venezuela murdered 22-year old Laken Riley as she went for a run in Athens, Georgia.
March 22, 2024 – An illegal immigrant from Mexico shot and killed 25-year old Ruby Garcia while in her car, then left her body on the side of a highway in Grand Rapids, Michigan.
June 17, 2024 – Two illegal immigrants from Venezuela kidnapped, sexually assaulted, and strangled 12-year old Jocelyn Nungaray to death in Houston, Texas.
January 26, 2025 – Two illegal immigrants, one from Ecuador and the other from Venezuela, bound, gagged, and beat 63-year old George Levin to death in Chicago, Illinois.
March 12, 2025 – An illegal immigrant from Honduras choked 52-year old Camillia Williams, a mother of five and grandmother, to death, then dumped her body in the woods in Marietta, Georgia.
As President Trump highlighted, since America’s founding, capital punishment has been an essential tool for deterring and punishing murder. When illegal immigrants come into the United States and murder law-abiding American citizens, they should face the death penalty. The Justice for American Victims of Illegal Aliens Act would ensure that this deterrent is applied to predators illegally crossing our border and committing violent crimes here.
The Justice for American Victims of Illegal Aliens Act would:
Amend the Criminal Code to create a new aggravating factor for illegal immigrants who murder U.S. citizens
Help direct juries to administer the death penalty when an illegal immigrant murders a U.S. citizen
Fully implement and permanently codify President Trump’s Jan. 20, 2025 Executive Order, “Restoring the Death Penalty and Protecting Public Safety,” specifically Section 3(b)(i) of the Executive Order, which states that the “Attorney General shall, where consistent with applicable law, pursue Federal jurisdiction and seek the death penalty regardless of other factors for every federal capital crime involving … [a] capital crime committed by an alien illegally present in this country.”
Senator Tommy Tuberville represents Alabama in the United States Senate and is a member of the Senate Armed Services, Agriculture, Veterans’ Affairs, HELP and Aging Committees. -
MIL-OSI USA: Cornyn, GOP Colleagues Introduce Bill to Subject Illegal Immigrants Who Kill Americans to Death Penalty
US Senate News:
Source: United States Senator for Texas John Cornyn
WASHINGTON – U.S. Senators John Cornyn (R-TX), Steve Daines (R-MT), Pete Ricketts (R-NE), Tommy Tuberville (R-AL), Jim Risch (R-ID), Mike Crapo (R-ID), Tim Scott (R-SC), Jim Banks (R-IN), Jim Justice (R-WV), Thom Tillis (R-NC), Marsha Blackburn (R-TN), and Bill Hagerty (R-TN) today introduced the Justice for American Victims of Illegal Aliens Act, which would codify President Trump’s Executive Order subjecting illegal immigrants who kill American citizens to the death penalty:
“Violent predators who enter our country illegally and brutally murder American citizens should be subject to the death penalty as a consequence of their heinous actions,” said Sen. Cornyn. “By enshrining President Trump’s Executive Order into law, this legislation would protect the American people, make our country safe again, and ensure no future President can singlehandedly undo this consequence for taking innocent lives.”
“This legislation sends a strong message across the globe: we will not tolerate the senseless murder of innocent Americans at the hands of illegal immigrants any longer,” said Sen. Daines. “I’m proud to join Senator Cornyn to take decisive action and support President Trump’s efforts to make our communities safe again.”
“When criminal illegal aliens murder American citizens, they should receive the harshest penalties,” said Sen. Ricketts. “After four years of Biden’s open border policies, measures must be taken to secure our communities. This bill will deter criminals and punish illegal aliens who callously take American lives.”
“Over the past four years, Joe Biden and Kamala Harris welcomed more than 10 million illegal immigrants into this country with open arms,” said Sen. Tuberville. “As a direct result, innocent Americans like Laken Riley and Rachel Morin have lost their lives. It’s simple: if you’re in this country illegally and you murder an American citizen, you should face the death penalty. President Trump has essentially stopped the crisis at our southern border. Republicans in Congress must do our part to ensure no more American blood is shed at the hands of criminals who shouldn’t be here in the first place.”
“Illegal immigrants who murder American citizens deserve the death penalty,” said Sen. Banks. “I fully support codifying President Trump’s executive order to ensure these monsters face justice.”
“Under the Biden administration’s open-border agenda, illegal immigration surged—and with it, a horrifying rise in violent crimes committed by those who should never have been here in the first place,” said Sen. Tim Scott. “This legislation will help restore the rule of law, protect our communities, and ensure that no more families suffer the kind of unimaginable loss that so many already have. We owe it to the victims and their families to hold these criminals fully accountable.”
“If you come into this country illegally and murder an American citizen, you should absolutely face the full force of the judicial system,” said Sen. Justice. “There is no gray area, no excuse, and zero tolerance for this kind of evil. I am proud to support this bill because it puts American lives first and ensures the most brutal crimes committed by illegal aliens are met with the strongest punishment under law.”
Background:
Under the Biden administration’s reckless open-border policy and failure to enforce the law, millions of illegal immigrants flooded into the United States, creating the worst immigration crisis in history. After entering the U.S., many illegal immigrants subsequently committed crimes, including violent felonies and murder. For example:
August 5, 2023 – An illegal immigrant from El Salvador attacked, raped, and murdered 37-year old Rachel Morin, a mother of five, in Bel Air, Maryland. The perpetrator had previously attacked a 9-year old girl and her mother in Los Angeles.
December 4, 2023 – An illegal immigrant from Mexico stabbed 16-year old Lizbeth Medina to death and left her body in a bath tub in Edna, Texas.
February 22, 2024 – An illegal immigrant from Venezuela murdered 22-year old Laken Riley as she went for a run in Athens, Georgia.
March 22, 2024 – An illegal immigrant from Mexico shot and killed 25-year old Ruby Garcia while in her car, then left her body on the side of a highway in Grand Rapids, Michigan.
June 17, 2024 – Two illegal immigrants from Venezuela kidnapped, sexually assaulted, and strangled 12-year old Jocelyn Nungaray to death in Houston, Texas.
January 26, 2025 – Two illegal immigrants, one from Ecuador and the other from Venezuela, bound, gagged, and beat 63-year old George Levin to death in Chicago, Illinois.
March 12, 2025 – An illegal immigrant from Honduras choked 52-year old Camillia Williams, a mother of five and grandmother, to death, then dumped her body in the woods in Marietta, Georgia.
As President Trump highlighted, since America’s founding, capital punishment has been an essential tool for deterring and punishing murder. When illegal immigrants come into the United States and murder law-abiding American citizens, they should face the death penalty. The Justice for American Victims of Illegal Aliens Act would ensure that this deterrent is applied to predators illegally crossing our border and committing violent crimes here.
The Justice for American Victims of Illegal Aliens Act would:
Amend the Criminal Code to create a new aggravating factor for illegal immigrants who murder U.S. citizens;
Help direct juries to administer the death penalty when an illegal immigrant murders a U.S. citizen;
And fully implement and permanently codify President Trump’s Jan. 20, 2025 Executive Order, “Restoring the Death Penalty and Protecting Public Safety,” specifically Section 3(b)(i) of the Executive Order, which states that the “Attorney General shall, where consistent with applicable law, pursue Federal jurisdiction and seek the death penalty regardless of other factors for every federal capital crime involving … [a] capital crime committed by an alien illegally present in this country.” -
MIL-OSI USA: GREAT DEAL FOR AMERICA: President Trump’s “Breakthrough” Trade Deal
US Senate News:
Source: The White House
In February, President Donald J. Trump promised “a great trade agreement” with the United Kingdom — and today he delivered with a “breakthrough” trade deal that expands market access, curbs non-tariff barriers, and levels the playing field for American exporters.
Promises made, promises kept — and he’s just getting started.
It’s the first such deal under President Trump’s transformational plan to liberate Americans from globalist trade policies that make foreign countries rich while Americans get robbed. It’s all part of President Trump’s vision of economic prosperity: fair trade, historic tax cuts, deregulation, and a manufacturing revival that will cement America’s new Golden Age for decades to come.
Here’s what they’re saying:
National Cattlemen’s Beef Association President Buck Wehrbein: “With this trade deal, President Trump has delivered a tremendous win for American family farmers and ranchers. For years, American cattle producers have seen the United Kingdom as an ideal partner for trade. Between our countries’ shared history, culture, and their desire for high-quality American beef, securing a trade agreement is a natural step forward. Thank you President Trump for fighting for American cattle producers.”
Renewable Fuels Association President and CEO Geoff Cooper: “We sincerely thank President Trump and his trade negotiators for ensuring that American-made ethanol is an important part of the trade agreement announced today with the United Kingdom. While we are still awaiting the specific details of the agreement, we are excited about the prospects of expanded market access that will help boost our farm economy, while also delivering lower-cost, cleaner fuel to UK drivers.”
International Dairy Foods Association President and CEO Michael Dykes, D.V.M.: “On behalf of America’s dairy processors and producers, IDFA applauds President Trump’s announcement today that the United States and the United Kingdom have reached the terms for a significant trade deal between our two markets that promises to expand access for U.S. agricultural goods, reduce tariffs, and remove barriers to trade … For too long, the UK has limited America’s food and agricultural exports to the world’s sixth largest economy and now President Trump’s deal promises to level the playing field. IDFA looks forward to studying the details of this agreement as they emerge, especially specifics on relief and new market access opportunities for U.S. dairy products. The United States offers the world’s most wholesome, high-quality and affordable dairy products and IDFA is excited to work with our member companies to bring these delicious products to more consumers in the United Kingdom.”
Growth Energy CEO Emily Skor: “In terms of trade with the UK, the American ethanol industry had its best year ever last year of exports valued at over $535 million. This trade agreement puts us on track to set another record, all to the benefit of American farmers, biofuel producers, and UK consumers. We look forward to learning more, and finding new ways to help the UK achieve its economic and environmental goals through the increased use of American biofuels. We commend the President and his team for making this deal and creating new opportunities for American ethanol and rural America.”
Job Creators Network CEO Alfredo Ortiz: “Trump’s trade deal with the United Kingdom is a big victory for small businesses, American consumers, and the Trump administration itself. By reducing tariffs and trade barriers, American small businesses will be able to expand their markets and more easily sell to the relatively wealthy UK, whose population is 70 million. American consumers — including small businesses — will also get cheaper access to British goods. President Trump’s tough tariff stance is starting to pay dividends in the form of fairer and freer trade deals that put America first. The many more deals to come will greatly improve the small business economy, financial markets, and American prosperity.”
Consumer Brands Association President and CEO Melissa Hockstad: “Consumer Brands commends the Trump administration’s successful completion of a comprehensive trade deal with the United Kingdom. As President Trump and his team pursues the America First Trade Policy agenda, the consumer packaged goods industry — America’s largest domestic manufacturing sector by employment — supports the creation of new opportunities for U.S. businesses and efforts to address unfair trade barriers around the world. As the administration continues to pursue deals with other countries, we encourage U.S. trade representatives to examine the needs of different manufacturing sectors and prioritize maintaining access to unavailable natural resources. Ensuring continued trade flows of those key ingredients, which are not available from U.S. sources, is critical to achieving the president’s economic vision, fighting grocery inflation and protecting the 22.3 million American jobs supported by food, beverage, household and personal care manufacturers.”
HSBC USA President & CEO Lisa McGeough: “Today’s landmark US – UK trade agreement marks a significant step in strengthening transatlantic economic ties and expanding opportunities for businesses and investors. As a British-headquartered bank with a strong US footprint, we’re uniquely positioned to help American companies and investors seize new growth opportunities domestically, in the UK, and beyond. In the US, we stand ready to leverage our position as the world’s leading trade bank to facilitate cross-border commerce, support job creation, and drive investment. We commend the administration on the first of what we hope will be many forward-looking trade agreements.”
American Farm Bureau Federation President Zippy Duvall: “Farm Bureau appreciates the work between the administration and the United Kingdom to secure a new trade agreement. We have long advocated for new trade deals, and this is an important first step in expanding markets in the four countries … We’re encouraged by progress to create market opportunities for farmers.”
Nebraska Gov. Jim Pillen: “Trade matters to Nebraska because our farmers and ranchers produce the absolute best – and feed the world. America’s relationship with the U.K. is longstanding, and there is great potential for expanded trade between our countries. President Trump and his administration know that we need more trade with fewer barriers, and they are working around the clock to finalize trade deals with partners across the globe. That’s good news for Nebraska.”
Iowa Secretary of Agriculture Mike Naig: “A new trade deal with a key ally like the United Kingdom is great news and so I am very encouraged by President Trump’s announcement today. I am particularly pleased to hear the President tout expanded market access for ethanol, beef, and, as he put it, ‘virtually all the products produced by our great farmers’ … Today’s trade announcement demonstrates that there is real progress being made toward opening additional markets for Iowa products across the globe. I hope this deal is the first of many that will be announced with other trading partners in the coming weeks and months.”
Senate Majority Whip John Barrasso: “It’s good to have the dealmaker-in-chief back in the White House. President Trump’s historic trade deal with the U.K. will mean more jobs and increased investment right here in America. More promises kept.”
Sen. Jim Banks: “Art of the Deal!”
Sen. John Boozman: “I just spoke on the phone with USTR Ambassador Greer to discuss the good news. He’s doing a great job, and I look forward to working with him and @SecRollins to ensure agriculture market access remains a priority as the details continue to be worked out.”
Sen. John Cornyn: “@POTUS Donald Trump will unveil his first post-Liberation Day trade deal this morning — a “major” agreement with the United Kingdom on rolling back tariffs.”
Sen. Joni Ernst: “President Trump continues to deliver and is opening new markets for Iowa farmers!”
Sen. Bill Hagerty: “No surprise that our Dealmaker-in-Chief President Donald Trump is rapidly delivering on his promise to ensure our trading partners are operating in good faith and that America is being treated fairly. The deal the President struck with the UK is proof that countries are responding to tariffs and want to enter into trade agreements with the United States that benefit both parties. I look forward to many more announcements in the near future.”
Sen. Roger Marshall: “Promises made. Promises kept. We are opening up new markets for our world class Kansas beef! Big win.”
Sen. Jerry Moran: “The UK offers a strategic market for American aviation & agricultural products. I introduced legislation earlier this year to lay the groundwork for a strong bilateral trade relationship, & President Trump’s announcement of a new trade agreement with the UK is a positive step forward.”
Sen. Bernie Moreno: “An absolutely historic pro America deal by the most pro America President of my lifetime. We will no longer be ripped off and will no longer tolerate trade imbalances that have destroyed the opportunities for working Americans.”
Sen. Eric Schmitt: “After years of getting ripped off, America is finally playing to win. More exports, more products made here, and record-breaking investment thanks to President Trump’s trade deals.”
Sen. Rick Scott: “Great news! Thank you, President Trump, for working with our allies while putting America first and protecting American jobs!”
Sen. Tim Sheehy: “The Art of the Deal. President Trump just delivered a huge win for hardworking Americans. Let’s keep them coming!”
Sen. Thom Tillis: “A big win secured by @POTUS with the United Kingdom, our greatest ally and one of our largest trade partners. This is a significant step toward establishing fair and mutually beneficial trade relationships with our global partners.”
Sen. Tommy Tuberville: “Today’s trade deal with the UK is the first of many to come. Like I always say: Never bet against @realDonaldTrump. THE ART OF THE DEAL”
House Majority Whip Tom Emmer: “The master negotiator succeeds again. @POTUS promised to bring our trading partners to the table and secure deals that put AMERICA FIRST—and that’s exactly what he did. More to come!”
House Republican Conference Chair Lisa McClain: “Promises Made, Promises KEPT! @POTUS brought countries to the negotiation table and has already DELIVERED a historic trade deal.”
House Republican Leadership Chair Elise Stefanik: “President @realDonaldTrump delivers AGAIN. Thanks to his bold leadership and tough tariffs, the UK is the first to come to the table—with a new trade deal that puts American workers and businesses FIRST. This is what economic strength and real leadership looks like. Fair trade. Better deals. America wins.”
Rep. Mark Alford: “Fact check: President Trump’s tariff strategy works. Boosting American manufacturing and fighting for our farmers. ANOTHER WIN FOR AMERICA.”
Rep. Rick Allen: “Another VICTORY! @POTUS is bringing our trading partners to the table and securing billions in new market access for American workers, businesses, and producers. Today’s trade deal with the U.K. will be the first of many. Economic strength is national strength!”
Rep. Don Bacon: “I congratulate @POTUS on striking a trade deal with the U.K. While we wait for the finer details of the agreement, including more than $700 million in ethanol exports and $250 million in other AG products like beef, every Nebraskan will surely feel it.”
Rep. Aaron Bean: “President Trump announced the first historic trade deal with the UK—something the legacy media said was ‘impossible.’ Today’s deal will make our economy stronger, put American workers first, and unleash the full potential of American industry.”
Rep. Vern Buchanan: “President Trump has once again delivered for the American people with a historic trade agreement that puts our workers and businesses first. This new deal with the United Kingdom dramatically expands access for American exports—especially agriculture—and levels the playing field for our manufacturers.”
Rep. Tim Burchett: “.@realDonaldTrump is fulfilling his promise to protect American workers and businesses. The UK trade deal slashes tariffs against the U.S. and is Making America Prosperous Again.”
Rep. Buddy Carter: “This new trade deal with the United Kingdom is just the start to the Golden Age of America. President Trump is keeping his promise, bringing fair trade to America by using the art of the deal!”
Rep. Andrew Clyde: “ART OF THE DEAL in action!”
Rep. Mike Collins: “President Trump’s tariff strategy works. Today’s trade deal with the U.K. will make our economy stronger and put American workers first. The only people upset are the Democrats and liberal media who wanted him to fail.”
Rep. Warren Davidson: “A glaring example of why we need to trust President Trump’s tariff strategy—it’s working. Stay the course.”
Rep. Pat Fallon: “Another day, another deal!”
Rep. Michelle Fischbach: “More promises made and kept by @POTUS. He said he would hold our trade partners accountable and put America first, and he’s delivering. This is just the beginning!”
Rep. Julie Fedorchak: “@POTUS is delivering exactly what our producers need. North Dakota grows and raises some of the best products in the world, and now we have greater access to one of the world’s largest markets. This is just the first of many trade victories to come under President Trump!”
Rep. Chuck Fleischmann: “@POTUS is ending decades of unfair trade deals that have ripped off the American People and is moving at lightning speed to negotiate and deliver America First trade deals. The US-UK trade deal announced today is historic and is only just the beginning!”
Rep. Mike Flood: “Over the last four years, President Biden did nothing on trade. Within a matter of months, President Trump’s dealmaking experience resulted in a trade deal with the United Kingdom, one of our country’s oldest allies.”
Rep. Virginia Foxx: “The Art of The Deal.”
Rep. Lance Gooden: “In four years, Joe Biden signed ZERO major trade deals. In just over 100 days, President Trump negotiated and signed a major trade deal with the United Kingdom. America is leading once again.”
Rep. Mark Green: “Once again, the Negotiator-in-Chief is closing deals to safeguard American manufacturers and grow our trade bigger and better than ever. On Victory in Europe Day, there isn’t a better anniversary to solidify our partnership with the United Kingdom.”
Rep. Marjorie Taylor Greene: “Another incredible trade deal just secured by President Trump! The Golden Age of America is here!!”
Rep. Diana Harshbarger: “This is a HUGE WIN! Because of @POTUS’s leadership, America is securing historic economic deals—and this is just the beginning!”
Rep. Ashley Hinson: “Huge win—and many more to come! @POTUS is fighting to right the wrongs of the past, return to fair trade, and build a more abundant America. Thank you for prioritizing new market opportunities for Iowa’s farmers and biofuels producers.”
Rep. Richard Hudson: “This is what decisive leadership looks like. Thank you, @POTUS!”
Rep. Wesley Hunt: “Economic Security IS National Security — and PRESIDENT TRUMP is doing it again! This HISTORIC DEAL delivers:A stronger industrial baseTougher export controlsProtection of U.S. techBoosted steel productionThis is the Art of the Deal — the world is taking notes!”
Rep. Jim Jordan: “President Trump’s trade deal with the UK is the first of many to come. There’s no better negotiator. There’s no one better to fix Joe Biden’s broken economy.”
Rep. Young Kim: “I’m glad to see the Trump administration work with our ally Britain to promote fair trade and expand market opportunity for U.S. agricultural producers.”
Rep. David Kustoff: “Today, @POTUS unveiled a historic U.S.-UK trade deal. $5B in new market access, $6B in tariff revenue, and a stronger alliance! @realdonaldtrump keeps delivering on his promises! This is America First!”
Rep. Barry Loudermilk: “America has spent far too long on the losing end of global trade. President Trump pledged to put America’s interests first, and he is doing so beginning with this trade deal with one of our oldest allies. #promiseskept.”
Rep. Tom McClintock: “The freer the trade, the greater the benefits for all countries involved. The UK agreement takes us in the right direction. Let’s keep going toward a new golden age of global free trade and the peace and prosperity it produces.”
Rep. Dan Meuser: “This is a strong step forward. Fairer trade, lower energy costs, and pro-growth tax policies will keep driving investment here at home. I also laid out how we can responsibly reduce spending while extending key provisions of President Trump’s Tax Cuts and Jobs Act, which delivered significant benefits for families and small businesses.”
Rep. Mary Miller: “THE ART OF THE DEAL!”
Rep. Riley Moore: “Absolute genius to announce this deal on V-E Day!”
Rep. Troy Nehls: President Trump is the Dealmaker in Chief. He has reached a historic trade deal with the United Kingdom. President Trump and his entire administration are working hard to protect American industries, protect American workers, and grow our economy. AMERICA FIRST!”
Rep. Ralph Norman: “MASSIVE win for our farmers who will have the opportunity for a wider range in markets!! Art of the deal.”
Rep. Andy Ogles: “President Trump delivers again!! This deal will bring billions home and make America stronger, richer, and more respected. A huge win for the American people.”
Rep. Gary Palmer: A win for our nation secured by President Trump! This is what it looks like to have leadership in the White House.”
Rep. August Pfluger: “President Trump just secured a huge trade deal—one I believe will be the first of many. This massive win for all Americans brings us one step closer to restoring fair trade policies.”
Rep. Adrian Smith: “I’m pleased the Trump administration has struck an initial trade deal with one of our nation’s greatest trade partners and longest-standing allies. This is a significant step toward eliminating barriers to American products in foreign markets and friendshoring supply chains. I commend President Trump and his administration for conducting negotiations swiftly to the mutual benefit of our producers, job creators, and consumers. This agreement builds upon the groundwork laid in the President’s first term, and I am pleased the administration has indicated it continues to pursue dynamic dialogue with the United Kingdom to address additional concerns.”
Rep. Marlin Stutzman: “As @POTUS says, the first of many, this is a great day for America! A combination of Trump’s trade deals and the passage of the One Big Beautiful Bill will make our country strong for generations to come.”
Rep. Claudia Tenney: “.@POTUS is continuing to put America FIRST, working to strengthen our economy & national security by achieving historic trade deals. This is a huge win for American manufacturers & farmers, & there is only more winning to come!”
Rep. Beth Van Duyne: “The first of many historic trade deals!! Better market access for US products!”
Rep. Daniel Webster: Once again, @POTUS delivers for the American people by securing a historic trade deal with our key ally, the United Kingdom. This agreement lowers trade barriers, opening $5 billion of increased market access for American exports, especially for American farmers. Thank you President Trump for putting America’s farmers, businesses, and workers first!”
Rep. Tony Wied: “The Art of the Deal.”
Rep. Rudy Yakym: “President Trump is bringing countries to the table and securing fair trade deals. The first of many!”
Rep. Ryan Zinke: “Great news for Montana! The UK is our 6th largest trade partner and this will help that grow!”
House Committee on Agriculture: “This announcement is a big win for American agriculture! @POTUS is unlocking billions in new market access for U.S. exports like beef, ethanol, and more—boosting our GREAT farmers and rural economies!”
Republican Study Committee: “Another day, another historic deal secured by President Trump! This is a MASSIVE victory for American workers. PROMISES MADE, PROMISES KEPT!” -
MIL-OSI Russia: IMF Reaches Staff-Level Agreement with Barbados on the Fifth Reviews Under the Extended Fund Facility and the Resilience and Sustainability Facility
Source: IMF – News in Russian
May 8, 2025
End-of-Mission press releases include statements of IMF staff teams that convey preliminary findings after a visit to a country or a virtual staff visit. The views expressed in this statement are those of the IMF staff and do not necessarily represent the views of the IMF’s Executive Board. Based on the preliminary findings of this mission, staff will prepare a report that, subject to management approval, will be presented to the IMF’s Executive Board for discussion and decision.
- The IMF team reached a staff-level agreement with the Barbadian authorities on the completion of the fifth and final reviews of the Extended Fund Facility (EFF) and the Resilience and Sustainability Facility (RSF) arrangements. The IMF’s Executive Board is expected to consider both reviews in June. Once the reviews are approved by the IMF Executive Board, Barbados will have access to about US$57 million in financing.
- Barbados’ economy continues to perform well. Growth has been robust, inflation has moderated, and the external position has strengthened. Nevertheless, risks to the outlook are tilted to the downside, given the highly uncertain external economic environment and Barbados’ vulnerability to natural disasters.
- Implementation of the home-grown Economic Recovery and Transformation (BERT 2022) plan remains strong. The authorities continue to focus on increasing resilience by maintaining fiscal discipline and debt sustainability and accelerating structural reforms to deliver more inclusive and sustainable growth.
Bridgetown, Barbados: At the request of the Government of Barbados, an International Monetary Fund (IMF) team led by Michael Perks visited Barbados between May 2-8 to discuss the implementation of Barbados’ Economic Recovery and Transformation (BERT 2022) plan, supported by the IMF under the Extended Fund Facility (EFF) and the Resilience and Sustainability Facility (RSF) arrangements. To summarize the mission’s findings, Mr. Perks made the following statement:
“Following productive discussions, the IMF team and the Barbadian authorities reached a staff-level agreement on the completion of the fifth and final reviews of the EFF and the RSF arrangements with Barbados. The agreement is subject to approval by the IMF Executive Board, which is expected to consider the reviews in June. The completion of the final reviews will mark the successful conclusion of the arrangements and will allow the authorities to draw the remaining SDR 14.175 million (about US$19 million) under the EFF arrangement and SDR 28.35 million (about US$38 million) under the RSF arrangement.
“The economy grew strongly in 2024 and continues to expand in 2025, driven by tourism, construction, and business services. Inflation has moderated further, due to an easing of global commodity prices and prices of domestic goods and services. The external position has improved, with a significant strengthening of the current account in 2024. International reserves have increased to almost US$1.7 billion (equivalent to over 7 months of import cover), ample to support the exchange rate peg. Real GDP is projected to grow by 2.7 percent in 2025, sustained by construction related to tourism projects and public investment. Nevertheless, the economic outlook is subject to significant downside risks, given heightened global uncertainty and Barbados’ vulnerability to external shocks and natural disasters.”
“Program performance remains strong. All quantitative performance criteria and indicative targets for the fifth review of the EFF were met. The fiscal primary surplus reached 4.3 percent of GDP in FY2024/25, with strong corporate tax revenues and prudent current spending controls enabling a significant increase in capital investment aimed at boosting infrastructure and resilience. For FY2025/26, the budget aims to reach a primary surplus of 4.4 percent of GDP, consistent with program projections. Public debt continues to decline, and the authorities remain firmly committed to reaching the 60 percent of GDP target by FY2035/36.
“The structural reform agenda is advancing, supported by technical assistance from the Fund and development partners. All three structural benchmarks (SBs) were met, including completing the assessment of human resource needs at the Barbados Customs and Excise Department, preparing a draft public-private partnership (PPP) framework and developing a daily liquidity forecasting framework by the Central Bank of Barbados (CBB). Efforts to strengthen growth and the business environment also continue to progress, including measures to address the skills gap.
“The authorities have completed both reform measures for the fifth RSF review. Key elements to strengthen the integration of climate concerns into public financial management have been delivered, including the development of public investment project appraisal guidelines, deepening of fiscal risk analysis, and preparation of a PPP framework. The CBB has also included physical climate risks in its bank stress testing exercise. In addition, the government has created a new Resilience and Regeneration Fund, repurposing the previous Catastrophe Fund with an expanded role and additional financing for disaster mitigation, response, and regeneration.
“The team would like to thank the authorities and other counterparts for their hospitality and the constructive and candid policy dialogue.”
IMF Communications Department
MEDIA RELATIONS
PRESS OFFICER: Meera Louis
Phone: +1 202 623-7100Email: MEDIA@IMF.org
https://www.imf.org/en/News/Articles/2025/05/08/pr-25136-barbados-imf-reaches-agreement-with-barbados-on-the-5th-rev-under-the-eff-and-rsf
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MIL-OSI USA: Congresswoman Tenney Announces FY26 Community Project Funding Submissions
Source: United States House of Representatives – Congresswoman Claudia Tenney (NY-22)
Washington, DC – Congresswoman Claudia Tenney (NY-24) today announced the 15 projects she has submitted to the House Appropriations Committee in the Fiscal Year 2026 (FY26) Community Project Funding (CPF) process.
The CPF process allows municipalities and non-profits to submit federal funding requests for high-priority community projects with strong local support in New York’s 24th Congressional District. Each application was subjected to a rigorous review process to ensure that it is a sound use of taxpayer dollars and that applicants have a clear and accountable plan to spend funds on targeted projects within a year.
A list of Rep Tenney’s submitted FY26 projects can be found below:
- $2,000,000 for the City of Lockport’s Phase III – Erie Canal Flight of Five Locks
- $1,000,000 for the City of Oswego Police Department’s New Police Station
- $4,275,000 for Jefferson County’s Installation of Runway 10 Omni-Directional Approach Lights at Watertown International Airport
- $2,000,000 for Orleans County’s Public Safety Building Vital Improvements for Safety and Security
- $2,000,000 for Schuyler County’s Emergency Operations Center
- $5,000,000 for the Town of Lyons’ Resurgence of the Town of Lyons Canal Street District
- $3,300,000 for the Town of Phelps’ Sanitary Sewer Distribution Project
- $1,000,000 for the Town of Throop’s Water Improvements Project
- $2,475,000 for the Town of Torrey’s Water District #2 Resource Improvements
- $10,000,000 for the U.S. Army Corps of Engineers’ work on Genesee County’s water needs
- $3,000,000 for the Village of Geneseo’s Water and Sewer System Improvements
- $1,500,000 for the Village of Mexico’s Water System Improvements
- $3,000,000 for the Village of Waterloo’s Sewer System Improvements and Wastewater Treatment Plant Upgrades
- $4,000,000 for Wayne County’s Rural Health Services Building Renovation
- $3,000,000 for Wyoming County’s Silver Lake Dredging Project
“The Community Project Funding Process allows Congress to hear directly from municipalities and community leaders about their needs. This year, I submitted 15 projects on behalf of our district to improve essential infrastructure, enhance public safety, and revitalize our local communities. I remain committed to advocating for these projects throughout the appropriations process and will continue to be a strong voice for protecting your hard-earned tax dollars while representing our district in Congress,” said Congresswoman Tenney.
Community leaders who submitted and worked with Rep Tenney’s office on various funding proposals expressed their appreciation for her advocacy:
“On behalf of Genesee County, I extend our sincere thanks to Congresswoman Tenney for championing this critical investment in our region’s infrastructure. The proposed water project will play a vital role in strengthening our water system—not only for the City of Batavia, but for communities, farms, and businesses throughout Genesee County. This funding brings us one step closer to securing long-term reliability, capacity, and growth potential for the entire county,” said the Genesee County Legislature Chair, Shelley Stein.
“The Town of Lyons and the Wayne County Regional Land Bank greatly appreciate Congresswoman Tenney’s commitment to our Resurgence of the Town of Lyons Canal Street District project. This neighborhood revitalization addresses legacy community needs by transforming blighted properties in the heart of downtown into quality housing, commercial space, enhanced infrastructure, and improved access to essential services,” said the Town of Lyons Supervisor, Jim Brady.
“The Flight of Five is more than a historic marvel — it’s the beating heart of Lockport’s canal heritage and a cornerstone of our tourism future. With possible Phase III funding on the horizon, we’re poised to take the next critical step in fully restoring this 19th-century engineering wonder. This investment not only honors the legacy of the Erie Canal, but positions Lockport as a must-see destination for millions of visitors exploring the Niagara region,” said the President/CEO Greater Lockport Development Corporation, Vicki Smith.
“We sincerely thank Congresswoman Tenney for selecting Oswego as one of 15 projects in the FY26 Appropriations Bill. This vital support moves us closer to replacing our 150-year-old police station with a modern facility that will enhance public safety, support emergency response, and provide space for community outreach and critical services. This project will help build a stronger, safer Oswego for all,” said the City of Oswego Police Chief, Phil Cady.
“On behalf of the residents of the Town of Phelps, I would like to extend our sincere gratitude to Congresswoman Claudia Tenney for her support of our Route 14 wastewater infrastructure project. We deeply appreciate Congresswoman Tenney’s efforts in advancing our funding request to the Appropriations Committee for review and consideration. Her advocacy brings us one step closer to a much-needed sewer line project that will significantly enhance development opportunities not only within our town but in the Town and City of Geneva. Federal funding is essential to ensure the timely construction of this project, which will serve thousands of visitors to the Finger Lakes region while supporting long-term growth for our community. We are especially grateful for Representative Tenney’s commitment, hard work, and her willingness to listen to the needs of our residents. Her support reflects a strong partnership between federal leadership and local priorities,” said the Town of Phelps Town Supervisor, Bill Wellman.
“We are thankful for Congresswoman Tenney continuous support of Watertown International Airport, these lights are so important to airport users. The runway 10 lights help decrease delays and keep airplanes landing when visibility is limited. It’s vital for our residents, tourism, business, and DOD communities that rely on the airport for safe and reliable air transportation,” said the Watertown International Airport Director of Aviation, Grant Sussey.
“This investment in critical infrastructure keeps villages like Geneseo moving forward while keeping tax rates and housing affordable. Most importantly, you are replacing lead water service pipes and ensuring that our sanitary sewer is safe, and keeping it separate from our storm sewer. Finishing the project will leave us ADA compliant and offer enhanced walkability to our village,” said the Geneseo Village Mayor, Christopher Ivers.
“First, we would like the thank Congresswoman Tenney for including us in the Appropriations bill. We are deeply grateful for her advocacy, commitment, and unwavering support of our community. This funding will have a transformative impact on our community that will enable us to expand critical infrastructure, enhance resources, and provide greater opportunities for those we serve. The project we are looking to fund will foster long-term growth and positive changes for Waterloo,” said the Mayor of Waterloo, Walt Bennett.
“The Town of Torrey is thrilled to have been selected by Congresswoman Tenney to provide funding through the Congressional Appropriations process for the Town’s Water District #2 serving the Perry Point area. This funding will provide the residents of the district with a reliable and safe supply of water at a reasonable cost while protecting the waters of Seneca Lake. The Town of Torrey is very appreciative of the efforts that Congresswoman Tenney has made on behalf of Torrey residents and the 24th Congressional District,” said the Supervisor of the Town of Torrey, Peter Martini.
“On behalf of the residents of Wyoming County, especially those living around Silver Lake, and the Board of Supervisors, I extend our sincere appreciation for Congresswoman Tenney’s selection of the Silver Lake dredging project to submit to the House Appropriations Committee. Congresswoman Tenney understands and shares the values we hold as part of our proud agricultural heritage. An integral part of the environmental stewardship we are tasked with is to fulfill our mission of a healthier and more resilient Silver Lake. It is not only an essential component of our county’s robust tourism industry, but is also a prime drinking water source for multiple communities spanning Wyoming and Livingston counties. This important funding will help to preserve sensitive habitats, protect water quality and enhance public waterway access. We are deeply grateful to Congresswoman Tenney for her unwavering support in this project and for Wyoming County,” said the Chairwoman of the Wyoming County Board of Supervisors, Rebecca Ryan.
“The Village of Mexico would like to take this opportunity to express their appreciation for Congresswomen Claudia Tenney’s continued support of the Village and Town of Mexico. This project if awarded would help insure continued safe and accessible water far into the Future,” said the Mayor of the Village of Mexico, Terry Grimshaw.
“Wayne County is humbled and so very grateful by this support from Congresswoman Tenney’s office to be selected as one of the 15 projects submitted for consideration. The House Appropriations funding opportunity provides a meaningful modernization of a rural facility offering healthcare and behavioral health treatment and services. Wayne County Health Building renovations would help expand support and treatment to all ages for critical outpatient treatment and support services in our rural community,” said Wayne County Public Health Director Diane Devlin, Aging & Youth Director Amy Haskins, and Interim County Administrator Mark Humbert.
“The town of Throop is incredibly grateful to Congresswoman Tenney for selecting Throop’s Water District #3 project as a candidate for Community Project Funding. This investment will provide safe, reliable drinking water, as well as fire protection to residents who’ve long relied on aging private wells with poor water quality. Investing in this project will significantly improve the quality of life, health, and public safety for residents within this proposed water district. This project also has broader implications to the entire water system. This water district will vastly improve the area’s water infrastructure resiliency by completing a critical loop to an existing main line, creating essential system redundancy that benefits the broader network. Congresswoman Tenney has a steadfast commitment to ensuring all communities are supported, especially those in rural areas. Rural communities are the backbone of this region, and Congresswoman Tenney’s continued support for them is invaluable. Her support for this project is a powerful example of how by working together, elected officials can strengthen our infrastructure, safeguard our future, and impact the lives of our residents,” said the Town of Throop Supervisor, Eric Ridley.
“On behalf of Schuyler County, I want to say thank you to Congresswoman Tenney for supporting our project submission to improve our county’s Emergency Operations Center. This new Emergency Operations Center will house our county’s Emergency Management department, 911/Dispatch, Schuyler County Sheriff’s Office, and the Schuyler County Public Health Office to improve emergency response times and recovery efforts for our taxpayers and visitors. Thank you again to Congresswoman Tenney for advocating for the project. We are appreciative of your efforts in supporting critical emergency infrastructure projects NY-24,” said the Chairman of the Schuyler County Legislator, Carl H. Blowers
“We very much appreciate the fact that Congresswoman Tenney recognizes the infrastructure needs of local governments and is working to secure $2 million in funding for the Orleans County Public Safety Building. Fixing a roof may be not be the most exciting project, but it was very necessary to maintaining that building and ensuring safe working conditions for our public safety team. We are very thankful Congresswoman Tenney delivered for us,” said the Orleans County Legislature Chairman, Lynne Johnson.
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MIL-OSI: Silvercrest Asset Management Group Inc. Reports Q1 2025 Results
Source: GlobeNewswire (MIL-OSI)
NEW YORK, May 08, 2025 (GLOBE NEWSWIRE) — Silvercrest Asset Management Group Inc. (NASDAQ: SAMG) (the “Company” or “Silvercrest”) today reported the results of its operations for the quarter ended March 31, 2025.
Business Update
Silvercrest experienced strong new client organic flows of $0.4 billion during the first quarter of 2025. The new assets under management (“AUM”) follow on the significant new client flows of $1.4 billion in the 4th quarter of 2024. Our first quarter’s new client account flows was in itself stronger than in some recent years. Silvercrest’s strategic investments continue to promote growth. The increases during the quarter bode well for future revenue, and we remain highly optimistic about securing more significant organic flows over the course of 2025, as we discussed during our last earnings call.
Total AUM did decline during the quarter as a result of highly volatile markets amidst global economic and trade concerns. Discretionary AUM stands at $22.7 billion as of the end of the quarter, which is flat year over year. Total AUM was $35.3 billion. We expect continued market volatility to affect our short-term results. That said, we believe market and economic dislocations present meaningful opportunities for our business.
Strategically, we will continue to pursue more initiatives to better highlight Silvercrest in both the institutional and wealth markets. The firm has invested in talent across the firm to drive new growth and successfully transition the business toward the next generation. Our new business pipeline remains robust.
Silvercrest will continue to monitor and adjust our interim compensation ratio to match important investments in the business as long as we have compelling opportunities to grow the firm and build our return on invested capital. We will keep you informed of our plans and the progress of these investments.
We also completed a $12.0 million stock repurchase program. We will continue to look for opportunities to return capital to or accrete shareholders, especially as we invest in the business. Our strong balance sheet supports ongoing capital returns as well as our growth initiatives.
On May 5, 2025, the Company’s Board of Directors declared a quarterly dividend of $0.20 per share of Class A common stock. The dividend will be paid on or about June 20, 2025 to stockholders of record as of the close of business on June 13, 2025.
First Quarter 2025 Highlights
- Total AUM of $35.3 billion, inclusive of discretionary AUM of $22.7 billion and non-discretionary AUM of $12.6 billion at March 31, 2025.
- Revenue of $31.4 million.
- U.S. Generally Accepted Accounting Principles (“GAAP”) consolidated net income and net income attributable to Silvercrest of $3.9 million and $2.5 million, respectively.
- Basic and diluted net income per share of $0.26.
- Adjusted Earnings Before Interest, Taxes, Depreciation and Amortization (“EBITDA”)1 of $6.5 million.
- Adjusted net income1 of $3.9 million.
- Adjusted basic and diluted earnings per share1,2 of $0.29 and $0.27, respectively.
The table below presents a comparison of certain GAAP and non-GAAP (“Adjusted”) financial measures and AUM.
For the Three Months
Ended March 31,(in thousands except as indicated) 2025 2024 Revenue $ 31,392 $ 30,272 Income before other income (expense), net $ 4,837 $ 5,904 Net income $ 3,928 $ 4,915 Net income margin 12.5 % 16.2 % Net income attributable to Silvercrest $ 2,469 $ 3,000 Net income per basic share $ 0.26 $ 0.32 Net income per diluted share $ 0.26 $ 0.32 Adjusted EBITDA1 $ 6,497 $ 7,453 Adjusted EBITDA Margin1 20.7 % 24.6 % Adjusted net income1 $ 3,894 $ 4,718 Adjusted basic earnings per share1, 2 $ 0.29 $ 0.34 Adjusted diluted earnings per share1, 2 $ 0.27 $ 0.33 Assets under management at period end (billions) $ 35.3 $ 34.5 Average assets under management (billions)3 $ 35.9 $ 33.9 Discretionary assets under management (billions) $ 22.7 $ 22.7 1 Adjusted measures are non-GAAP measures and are explained and reconciled to the comparable GAAP measures in Exhibits 2 and 3. 2 Adjusted basic and diluted earnings per share measures for the three months ended March 31, 2025 are based on the number of shares of Class A common stock and Class B common stock outstanding as of March 31, 2025. Adjusted diluted earnings per share are further based on the addition of unvested restricted stock units and non-qualified stock options to the extent dilutive at the end of the reporting period. 3 We have computed average AUM by averaging AUM at the beginning of the applicable period and AUM at the end of the applicable period. AUM at $35.3 Billion
Silvercrest’s discretionary AUM remained flat at $22.7 billion at March 31, 2025 and 2024. Silvercrest’s total AUM increased by $0.8 billion, or 2.3%, to $35.3 billion at March 31, 2025, from $34.5 billion at March 31, 2024. The increase was attributable to market appreciation of $0.8 billion.
Silvercrest’s discretionary assets under management decreased by $0.6 billion, or 2.6%, to $22.7 billion at March 31, 2025, from $23.3 billion at December 31, 2024. The decrease was attributable to market depreciation of $0.9 billion partially offset by net client inflows of $0.3 billion. Silvercrest’s total AUM decreased by $1.2 billion, or 3.3%, to $35.3 billion at March 31, 2025, from $36.5 billion at December 31, 2024. The decrease was attributable to market depreciation of $1.4 billion, partially offset by net client inflows of $0.2 billion.
First Quarter 2025 vs. First Quarter 2024
Revenue increased by $1.1 million, or 3.7%, to $31.4 million for the three months ended March 31, 2025, from $30.3 million for the three months ended March 31, 2024. This increase was driven by market appreciation during the twelve month period.
Total expenses increased by $2.2 million, or 9.0%, to $26.6 million for the three months ended March 31, 2025, from $24.4 million for the three months ended March 31, 2024. Compensation and benefits expense increased by $1.2 million, or 6.9%, to $18.9 million for the three months ended March 31, 2025 from $17.7 million for the three months ended March 31, 2024. The increase was primarily attributable to increases in equity-based compensation of $0.1 million and salaries and benefits of $1.5 million primarily as a result of merit-based increases, partially offset by decreases in the accrual for bonuses of $0.3 million and severance expense of $0.1 million. General and administrative expenses increased by $1.0 million, or 14.6%, to $7.7 million for the three months ended March 31, 2025 from $6.7 million for the three months ended March 31, 2024. This was primarily attributable to increases in professional fees of $0.3 million, portfolio and systems expense of $0.3 million, recruiting costs of $0.1 million, marketing and advertising costs of $0.1 million, office expenses of $0.1 million and travel and entertainment expenses of $0.1 million.
Consolidated net income was $3.9 million for the three months ended March 31, 2025, as compared to consolidated net income of $4.9 million for the same period in the prior year. Net income attributable to Silvercrest was $2.5 million, or $0.26 per basic and diluted share, for the three months ended March 31, 2025. Our Adjusted Net Income1 was $3.9 million, or $0.29 per adjusted basic share and $0.27 per adjusted diluted share2, for the three months ended March 31, 2025.
Adjusted EBITDA1 was $6.5 million, or 20.7% of revenue, for the three months ended March 31, 2025, as compared to $7.5 million, or 24.6% of revenue, for the same period in the prior year.
Liquidity and Capital Resources
Cash and cash equivalents were $36.3 million at March 31, 2025, compared to $68.6 million at December 31, 2024. As of March 31, 2025, there was nothing outstanding under our term loan with City National Bank and nothing outstanding on our revolving credit facility with City National Bank.
Silvercrest Asset Management Group Inc.’s total equity was $81.0 million at March 31, 2025. We had 9,473,772 shares of Class A common stock outstanding and 4,081,055 shares of Class B common stock outstanding at March 31, 2025.
Non-GAAP Financial Measures
To provide investors with additional insight, promote transparency and allow for a more comprehensive understanding of the information used by management in its financial and operational decision-making, we supplement our consolidated financial statements presented on a basis consistent with GAAP with Adjusted EBITDA, Adjusted EBITDA Margin, Adjusted Net Income and Adjusted Earnings Per Share, which are non-GAAP financial measures of earnings. These adjustments, and the non-GAAP financial measures that are derived from them, provide supplemental information to analyze our operations between periods and over time. Investors should consider our non-GAAP financial measures in addition to, and not as a substitute for, financial measures prepared in accordance with GAAP.
- EBITDA represents net income before provision for income taxes, interest income, interest expense, depreciation and amortization.
- We define Adjusted EBITDA as EBITDA without giving effect to the Delaware franchise tax, professional fees associated with acquisitions or financing transactions, gains on extinguishment of debt or other obligations related to acquisitions, impairment charges and losses on disposals or abandonment of assets and leaseholds, client reimbursements and fund redemption costs, severance and other similar expenses, but including partner incentive allocations, prior to our initial public offering, as an expense. We believe that it is important to management and investors to supplement our consolidated financial statements presented on a GAAP basis with Adjusted EBITDA, a non-GAAP financial measure of earnings, as this measure provides a perspective of recurring earnings of the Company, taking into account earnings attributable to both Class A and Class B stockholders.
- Adjusted EBITDA Margin is calculated by dividing Adjusted EBITDA by total revenue. We believe that it is important to management and investors to supplement our consolidated financial statements presented on a GAAP basis with Adjusted EBITDA Margin, a non-GAAP financial measure of earnings, as this measure provides a perspective of recurring profitability of the Company, taking into account profitability attributable to both Class A and Class B stockholders.
- Adjusted Net Income represents recurring net income without giving effect to professional fees associated with acquisitions or financing transactions, losses on forgiveness of notes receivable from our partners, gains on extinguishment of debt or other obligations related to acquisitions, impairment charges and losses on disposals or abandonment of assets and leaseholds, client reimbursements and fund redemption costs, severance and other similar expenses. Furthermore, Adjusted Net Income includes income tax expense assuming a blended corporate rate of 26%. We believe that it is important to management and investors to supplement our consolidated financial statements presented on a GAAP basis with Adjusted Net Income, a non-GAAP financial measure of earnings, as this measure provides a perspective of recurring income of the Company, taking into account income attributable to both Class A and Class B stockholders.
- Adjusted Earnings Per Share represents Adjusted Net Income divided by the actual Class A and Class B shares outstanding as of the end of the reporting period for basic Adjusted Earnings Per Share, and to the extent dilutive, we add unvested restricted stock units and non-qualified stock options to the total shares outstanding to compute diluted Adjusted Earnings Per Share. As a result of our structure, which includes a non-controlling interest, we believe that it is important to management and investors to supplement our consolidated financial statements presented on a GAAP basis with Adjusted Earnings Per Share, a non-GAAP financial measure of earnings, as this measure provides a perspective of recurring earnings per share of the Company as a whole as opposed to being limited to our Class A common stock.
Conference Call
The Company will host a conference call on May 9, 2025, at 8:30 am (Eastern Time) to discuss these results. Hosting the call will be Richard R. Hough III, Chief Executive Officer and President, and Scott A. Gerard, Chief Financial Officer. Listeners may access the call by dialing 1-844-836-8743 or for international listeners the call may be accessed by dialing 1-412-317-5723. A live, listen-only webcast will also be available via the investor relations section of www.silvercrestgroup.com. An archived replay of the call will be available after the completion of the live call on the Investor Relations page of the Silvercrest website at http://ir.silvercrestgroup.com/.
Forward-Looking Statements
This release contains, and from time to time our management may make, forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, each as amended. For those statements, we claim the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. These forward-looking statements are subject to risks, uncertainties and assumptions. These statements are only predictions based on our current expectations and projections about future events. Important factors that could cause actual results, level of activity, performance or achievements to differ materially from those indicated by such forward-looking statements include, but are not limited to: incurrence of net losses; fluctuations in quarterly and annual results; adverse economic or market conditions; our expectations with respect to future levels of assets under management, inflows and outflows; our ability to retain clients; our ability to maintain our fee structure; our particular choices with regard to investment strategies employed; our ability to hire and retain qualified investment professionals; the cost of complying with current and future regulation coupled with the cost of defending ourselves from related investigations or litigation; failure of our operational safeguards against breaches in data security, privacy, conflicts of interest or employee misconduct; our expected tax rate; our expectations with respect to deferred tax assets, adverse economic or market conditions; incurrence of net losses; adverse effects of management focusing on implementation of a growth strategy; failure to develop and maintain the Silvercrest brand; and other factors disclosed under “Risk Factors” in our annual report on Form 10-K for the year ended December 31, 2024, which is accessible on the U.S. Securities and Exchange Commission’s website at www.sec.gov. We undertake no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as required by law.
About Silvercrest
Silvercrest was founded in April 2002 as an independent, employee-owned registered investment adviser. With offices in New York, Boston, Virginia, New Jersey, California and Wisconsin, Silvercrest provides traditional and alternative investment advisory and family office services to wealthy families and select institutional investors.
Silvercrest Asset Management Group Inc.
Contact: Richard Hough
212-649-0601
rhough@silvercrestgroup.com
Exhibit 1Silvercrest Asset Management Group Inc.
Condensed Consolidated Statements of Operations
(Unaudited and in thousands, except share and per share amounts or as noted)Three Months Ended March 31, 2025 2024 Revenue Management and advisory fees $ 30,268 $ 29,165 Family office services 1,124 1,107 Total revenue 31,392 30,272 Expenses Compensation and benefits 18,881 17,669 General and administrative 7,674 6,699 Total expenses 26,555 24,368 Income before other (expense) income, net 4,837 5,904 Other (expense) income, net Other (expense) income, net 7 8 Interest income 273 347 Interest expense (15 ) (51 ) Total other (expense) income, net 265 304 Income before provision for income taxes 5,102 6,208 Provision for income taxes (1,174 ) (1,293 ) Net income 3,928 4,915 Less: net income attributable to non-controlling interests (1,459 ) (1,915 ) Net income attributable to Silvercrest $ 2,469 $ 3,000 Net income per share: Basic $ 0.26 $ 0.32 Diluted $ 0.26 $ 0.32 Weighted average shares outstanding: Basic 9,581,779 9,480,027 Diluted 9,618,888 9,515,581
Exhibit 2Silvercrest Asset Management Group Inc.
Reconciliation of GAAP to non-GAAP (“Adjusted”) Adjusted EBITDA Measure
(Unaudited and in thousands, except share and per share amounts or as noted)Adjusted EBITDA For the Three Months
Ended March 31,2025 2024 Reconciliation of non-GAAP financial measure: Net income $ 3,928 $ 4,915 Provision for income taxes 1,174 1,293 Delaware Franchise Tax 50 50 Interest expense 15 51 Interest income (273 ) (347 ) Depreciation and amortization 1,039 1,019 Equity-based compensation 454 354 Other adjustments (A) 110 118 Adjusted EBITDA $ 6,497 $ 7,453 Adjusted EBITDA Margin 20.7 % 24.6 % (A) Other adjustments consist of the following: Three Months Ended
March 31,2025 2024 Severance $ — $ 60 Other (a) 110 58 Total other adjustments $ 110 $ 118 (a) For the three months ended March 31, 2025, represents an ASC 842 rent adjustment of $48 related to the amortization of property lease incentives and sign-on bonuses of $62. For the three months ended March 31, 2024, represents an ASC 842 rent adjustment of $48 related to the amortization of property lease incentives and software implementation costs of $10.
Exhibit 3Silvercrest Asset Management Group Inc.
Reconciliation of GAAP to non-GAAP (“Adjusted”)
Adjusted Net Income and Adjusted Earnings Per Share Measures
(Unaudited and in thousands, except per share amounts or as noted)Adjusted Net Income and Adjusted Earnings Per Share Three Months Ended
March 31,2025 2024 Reconciliation of non-GAAP financial measure: Net income $ 3,928 $ 4,915 Consolidated GAAP Provision for income taxes 1,174 1,293 Delaware Franchise Tax 50 50 Other adjustments (A) 110 118 Adjusted earnings before provision for income taxes 5,262 6,376 Adjusted provision for income taxes: Adjusted provision for income taxes (26% assumed tax rate) (1,368 ) (1,658 ) Adjusted net income $ 3,894 $ 4,718 GAAP net income per share (B): Basic $ 0.26 $ 0.32 Diluted $ 0.26 $ 0.32 Adjusted earnings per share/unit (B): Basic $ 0.29 $ 0.34 Diluted $ 0.27 $ 0.33 Shares/units outstanding: Basic Class A shares outstanding 9,474 9,482 Basic Class B shares/units outstanding 4,081 4,428 Total basic shares/units outstanding 13,555 13,910 Diluted Class A shares outstanding (C) 9,511 9,518 Diluted Class B shares/units outstanding (D) 4,652 4,817 Total diluted shares/units outstanding 14,163 14,335 (A) See A in Exhibit 2. (B) GAAP earnings per share is strictly attributable to Class A stockholders. Adjusted earnings per share takes into account earnings attributable to both Class A and Class B stockholders. (C) Includes 37,109 and 35,554 unvested restricted stock units at March 31, 2025 and 2024, respectively. (D) Includes 205,079 and 240,998 unvested restricted stock units at March 31, 2025 and 2024, respectively, and 366,293 and 147,506 unvested non-qualified options at March 31, 2025 and 2024, respectively.
Exhibit 4Silvercrest Asset Management Group Inc.
Condensed Consolidated Statements of Financial Condition
(Unaudited and in thousands)March 31,
2025December 31,
2024Assets Cash and cash equivalents $ 36,255 $ 68,611 Investments 1,007 1,354 Receivables, net 12,288 12,225 Due from Silvercrest Funds 736 945 Furniture, equipment and leasehold improvements, net 7,331 7,387 Goodwill 63,675 63,675 Operating lease assets 14,925 16,032 Finance lease assets 221 254 Intangible assets, net 16,096 16,644 Deferred tax asset 3,813 4,220 Prepaid expenses and other assets 3,579 3,085 Total assets $ 159,926 $ 194,432 Liabilities and Equity Accounts payable and accrued expenses $ 2,494 $ 1,953 Accrued compensation 9,085 39,865 Operating lease liabilities 21,023 22,270 Finance lease liabilities 230 262 Deferred tax and other liabilities 10,402 10,389 Total liabilities 43,234 74,739 Commitments and Contingencies (Note 10) Equity Preferred Stock, par value $0.01, 10,000,000 shares authorized; none issued
and outstanding— — Class A Common Stock, par value $0.01, 50,000,000 shares authorized; 10,765,114
and 9,473,772 issued and outstanding, respectively, as of March 31, 2025;
10,450,559 and 9,376,280 issued and outstanding, respectively, as of December 31, 2024107 104 Class B Common Stock, par value $0.01, 25,000,000 shares authorized; 4,081,052
and 4,373,315 issued and outstanding as of March 31, 2025 and December 31, 2024,
respectively39 42 Additional Paid-In Capital 59,068 56,369 Treasury Stock, at cost, 1,291,342 and 1,074,279 shares as of March 31, 2025 and
December 31, 2024, respectively(23,634 ) (19,728 ) Accumulated other comprehensive income (loss) (49 ) (43 ) Retained earnings 44,511 43,953 Total Silvercrest Asset Management Group Inc.’s equity 80,042 80,697 Non-controlling interests 36,650 38,996 Total equity 116,692 119,693 Total liabilities and equity $ 159,926 $ 194,432
Exhibit 5Silvercrest Asset Management Group Inc.
Total Assets Under Management
(Unaudited and in billions)Total Assets Under Management: Three Months Ended
March 31,% Change from
March 31,2025 2024 2024 Beginning assets under management $ 36.5 $ 33.3 9.6 % Gross client inflows 1.4 1.2 16.7 % Gross client outflows (1.2 ) (1.5 ) 20.0 % Net client flows 0.2 (0.3 ) 166.7 % Market (depreciation)/appreciation (1.4 ) 1.5 -193.3 % Ending assets under management $ 35.3 $ 34.5 2.3 %
Exhibit 6Silvercrest Asset Management Group Inc.
Discretionary Assets Under Management
(Unaudited and in billions)Discretionary Assets Under Management: Three Months Ended
March 31,% Change from
March 31,2025 2024 2024 Beginning assets under management $ 23.3 $ 21.9 6.4 % Gross client inflows 1.0 0.7 42.9 % Gross client outflows (0.7 ) (1.1 ) 36.4 % Net client flows 0.3 (0.4 ) 175.0 % Market (depreciation)/appreciation (0.9 ) 1.2 -175.0 % Ending assets under management $ 22.7 $ 22.7 0.0 %
Exhibit 7Silvercrest Asset Management Group Inc.
Non-Discretionary Assets Under Management
(Unaudited and in billions)Non-Discretionary Assets Under Management: Three Months Ended
March 31,% Change from
March 31,2025 2024 2024 Beginning assets under management $ 13.2 $ 11.4 15.8 % Gross client inflows 0.4 0.5 -20.0 % Gross client outflows (0.5 ) (0.4 ) -25.0 % Net client flows (0.1 ) 0.1 -200.0 % Market (depreciation)/appreciation (0.5 ) 0.3 -266.7 % Ending assets under management $ 12.6 $ 11.8 6.8 %
Exhibit 8Silvercrest Asset Management Group Inc.
Assets Under Management
(Unaudited and in billions)Three Months Ended
March 31,2025 2024 Total AUM as of January 1, $ 36.455 $ 33.281 Discretionary AUM: Total Discretionary AUM as of January 1, $ 23.319 $ 21.885 New client accounts/assets (1) 0.438 0.035 Closed accounts (2) (0.055 ) (0.439 ) Net cash inflow/(outflow) (3) (0.115 ) 0.007 Non-discretionary to Discretionary AUM (4) 0.001 (0.002 ) Market (depreciation)/appreciation (0.933 ) 1.195 Change to Discretionary AUM (0.664 ) 0.796 Total Discretionary AUM at March 31, 22.655 22.681 Change to Non-Discretionary AUM (5) (0.463 ) 0.432 Total AUM as of March 31, $ 35.328 $ 34.509 (1) Represents new account flows from both new and existing client relationships. (2) Represents closed accounts of existing client relationships and those that terminated. (3) Represents periodic cash flows related to existing accounts. (4) Represents client assets that converted to Discretionary AUM from Non-Discretionary AUM. (5) Represents the net change to Non-Discretionary AUM.
Exhibit 9Silvercrest Asset Management Group Inc.
Equity Investment Strategy Composite Performance1, 2
As of March 31, 2025
(Unaudited)PROPRIETARY EQUITY PERFORMANCE 1, 2 ANNUALIZED PERFORMANCE INCEPTION 1-YEAR 3-YEAR 5-YEAR 7-YEAR INCEPTION Large Cap Value Composite 4/1/02 1.1 4.4 15.4 9.8 9.3 Russell 1000 Value Index 7.2 6.6 16.2 9.2 7.9 Small Cap Value Composite 4/1/02 -4.1 3.3 15.6 6.5 9.8 Russell 2000 Value Index -3.1 0.1 15.3 5.3 7.4 Smid Cap Value Composite 10/1/05 -0.8 1.3 14.6 6.1 8.9 Russell 2500 Value Index -1.5 2.3 16.7 6.7 7.4 Multi Cap Value Composite 7/1/02 0.4 2.7 14.6 7.7 9.3 Russell 3000 Value Index 6.7 6.3 16.1 9.0 8.4 Equity Income Composite 12/1/03 1.2 3.0 13.2 7.3 10.5 Russell 3000 Value Index 6.7 6.3 16.1 9.0 8.5 Focused Value Composite 9/1/04 6.3 0.4 11.2 4.9 9.1 Russell 3000 Value Index 6.7 6.3 16.1 9.0 8.3 Small Cap Opportunity Composite 7/1/04 -6.2 2.8 15.0 7.9 10.2 Russell 2000 Index -4.0 0.5 13.3 5.4 7.5 Small Cap Growth Composite 7/1/04 -8.6 -4.1 14.5 8.4 9.6 Russell 2000 Growth Index -4.9 0.8 10.8 5.0 7.8 Smid Cap Growth Composite 1/1/06 -2.7 -3.5 14.3 10.7 10.1 Russell 2500 Growth Index -6.4 0.6 11.4 6.7 8.7 1 Returns are based upon a time weighted rate of return of various fully discretionary equity portfolios with similar investment objectives, strategies and policies and other relevant criteria managed by Silvercrest Asset Management Group LLC (“SAMG LLC”), a subsidiary of Silvercrest. Performance results are gross of fees and net of commission charges. An investor’s actual return will be reduced by the advisory fees and any other expenses it may incur in the management of the investment advisory account. SAMG LLC’s standard advisory fees are described in Part 2 of its Form ADV. Actual fees and expenses will vary depending on a variety of factors, including the size of a particular account. Returns greater than one year are shown as annualized compounded returns and include gains and accrued income and reinvestment of distributions. Past performance is no guarantee of future results. This piece contains no recommendations to buy or sell securities or a solicitation of an offer to buy or sell securities or investment services or adopt any investment position. This piece is not intended to constitute investment advice and is based upon conditions in place during the period noted. Market and economic views are subject to change without notice and may be untimely when presented here. Readers are advised not to infer or assume that any securities, sectors or markets described were or will be profitable. SAMG LLC is an independent investment advisory and financial services firm created to meet the investment and administrative needs of individuals with substantial assets and select institutional investors. SAMG LLC claims compliance with the Global Investment Performance Standards (GIPS®). 2 The market indices used to compare to the performance of Silvercrest’s strategies are as follows: The Russell 1000 Index is a capitalization-weighted, unmanaged index that measures the 1000 largest companies in the Russell 3000. The Russell 1000 Value Index is a capitalization-weighted, unmanaged index that includes those Russell 1000 Index companies with lower price-to-book ratios and lower expected growth values. The Russell 2000 Index is a capitalization-weighted, unmanaged index that measures the 2000 smallest companies in the Russell 3000. The Russell 2000 Value Index is a capitalization-weighted, unmanaged index that includes those Russell 2000 Index companies with lower price-to-book ratios and lower expected growth values. The Russell 2500 Index is a capitalization-weighted, unmanaged index that measures the 2500 smallest companies in the Russell 3000. The Russell 2500 Value Index is a capitalization-weighted, unmanaged index that includes those Russell 2000 Index companies with lower price-to-book ratios and lower expected growth values. The Russell 3000 Value Index is a capitalization-weighted, unmanaged index that measures those Russell 3000 Index companies with lower price-to-book ratios and lower forecasted growth. -
MIL-OSI: VAALCO Energy, Inc. Announces First Quarter 2025 Results
Source: GlobeNewswire (MIL-OSI)
HOUSTON, May 08, 2025 (GLOBE NEWSWIRE) — VAALCO Energy, Inc. (NYSE: EGY, LSE: EGY) (“Vaalco” or the “Company”) today reported operational and financial results for the first quarter of 2025.
First Quarter 2025 Highlights and Recent Key Items:
- Reported net income of $7.7 million ($0.07 per diluted share), Adjusted Net Income of $6.3 million ($0.06 per diluted share) and Adjusted EBITDAX(1)of $57.0 million;
- Produced 17,764 net revenue interest (“NRI”)(2)barrels of oil equivalent per day (“BOEPD”), above the high end of guidance, or 22,402 working interest (“WI”)(3)BOEPD, toward the high end of guidance;
- Sold 19,074 NRI BOEPD, toward the high end of guidance;
- Entered into new reserves based revolving credit facility with an initial commitment of $190 million with the ability to grow to $300 million, secured against certain Vaalco assets;
- Reduced full year capital expenditure guidance by about 10%, without impacting full year production or sales guidance;
- Acquired 70% WI(3)in and will operate the CI-705 block in offshore Côte D’Ivoire;
- Declared quarterly cash dividend of $0.0625 per share of common stock to be paid on June 27, 2025; and
- Announced that it will host a Capital Markets Day presentation on Wednesday, May 14, 2025.
(1) Adjusted EBITDAX, Adjusted Net Income, Adjusted Working Capital and Free Cash Flow are Non-GAAP financial measures and are described and reconciled to the closest GAAP measure in the attached table under “Non-GAAP Financial Measures.” (2) All NRI sales and production rates are Vaalco’s working interest volumes less royalty volumes, where applicable. (3) All WI production rates and volumes are Vaalco’s working interest volumes, where applicable. George Maxwell, Vaalco’s Chief Executive Officer commented, “We delivered another successful quarter, once again meeting or exceeding our guidance. Sales for the first quarter were toward the high end of guidance and our NRI production was above the high end of guidance, leading to solid net income of $0.07 per diluted share and Adjusted EBITDAX of $57.0 million. We continue to execute our strategic vision, with multiple accomplishments achieved in the first quarter that lay the foundation for profitable growth in 2025 and beyond. We entered into a new credit facility that will supplement our internally generated cash flow and cash balance to assist in funding our robust organic growth projects. In Côte D’Ivoire, we commenced the FPSO refurbishment project and are preparing for a drilling campaign in 2026 to augment the production and economic life of the Baobab field. In Gabon, we are preparing for the 2025/2026 drilling program which is scheduled to begin in Q3 2025. While we are continuing with these two major projects, we have decided to reduce our capital expenditure budget for 2025 by about 10%. We are delaying discretionary capital spending and are deferring our capital program in Canada. We are doing all of this without impacting production or sales forecasts for 2025 due to the strong performance of our assets in Gabon and Egypt.”
“We believe that we are well positioned to fund the meaningful growth and opportunities that we have planned over the next few years which should lead to even greater growth and value for the remainder of the decade. We look forward to providing additional details at our Capital Markets Day next week describing our diversified asset portfolio and the upside that we believe is available to drive future organic growth.”
Operational Update
Egypt
The start of the 2024 drilling campaign was deferred until late 2024. In Q4 2024, we completed one well. In Q1 2025, we completed an additional five wells. Four of the five wells that were completed in Q1 2025 were brought online and had an average initial production rate for the first 30 days of approximately 135 barrels of oil per day (“BOPD”). The fifth well was brought online in early Q2 2025. In addition to all new wells successfully increasing production levels, new reserves and a new production zone were discovered in the Bakr formation. The Company is reviewing several options to improve flow as the reservoir contains heavier oil.
The Company continues to perform detailed technical reviews of its newly drilled and existing wells while also continuing to work on enhancing production through a series of planned workovers and recompletions.
Canada
In the first half of 2024, Vaalco drilled and completed four 2.75 mile lateral wells in Canada. These wells continue to meet production expectations and the Company is monitoring their longer-term performance for future drilling opportunities. In 2025, Vaalco has decided to defer the drilling of additional wells in Canada to reduce the Company’s overall capital expenditures.
Gabon
The Company secured a drilling rig in December 2024 in conjunction with its 2025/2026 drilling program, which is planned to begin in Q3 2025 to drill multiple development wells, and appraisal or exploration wells, as well as to perform workovers, with options to drill additional wells. Vaalco plans to drill the wells at both the Etame platform and at the Seent platform, and perform a re-drill and several workovers in the Ebouri field to access production and reserves that were previously shut in and removed from proved reserves due to the presence of hydrogen sulfide (“H2S”).
In Q1 2025, Vaalco conducted an extended flow test on the Ebouri 4-H well to gather information on the H2S concentrations at this location to aid in equipment design and to evaluate Vaalco’s chemical crude sweetening process. The well has flowed for over four months, and the H2S concentration is within modeling expectations, demonstrating Vaalco’s ability to treat the oil. The well has provided additional production, with some additional operating costs associated with the chemical treatment, adding to the Company’s strong first quarter results.
Côte d’Ivoire
As part of the planned dry dock refurbishment, the Baobab Floating Production Storage and Offloading vessel (“FPSO”) ceased hydrocarbon production on January 31, 2025 and the final lifting of crude oil from the FPSO took place in February 2025. The vessel departed from the field in late March 2025 and is now currently under tow to the shipyard in Dubai for the refurbishment. Significant development drilling is expected to begin in 2026 after the FPSO is expected to return to service with potential meaningful additions to production from the main Baobab field in CI-40, as well as a potential future development of the Kossipo field, which is also on the license.
In March 2025, Vaalco announced that it had farmed into the CI-705 block offshore Côte d’Ivoire. Vaalco is the operator of the block with a 70% WI and a 100% paying interest through a commercial carry arrangement and is partnering with Ivory Coast Exploration Oil & Gas SAS and PETROCI. The CI-705 block is located in the prolific Tano basin and is approximately 70 kilometers (“km”) to the west of Vaalco’s CI-40 Block, where the Baobab and Kossipo oil fields are located, and 60 km west of ENI’s recent Calao discovery. Block CI-705 covers approximately 2,300 km2 and is lightly explored with three wells drilled to date on the block. The water depth across the block ranges from zero to 2,500 meters. Vaalco has invested $3 million to acquire its interest in the new block, which it believes has significant prospectivity.
Financial Update – First Quarter of 2025
Vaalco reported net income of $7.7 million ($0.07 per diluted share) for Q1 2025, which was down 34% compared with net income of $11.7 million ($0.11 per diluted share) in Q4 2024 and up modestly compared to $7.7 million ($0.07 per diluted share) in Q1 2024. The decrease in earnings compared with Q4 2024 was driven by lower sales volume in Q1 2025 of 1,717 MBOE compared to a sales volume of 1,872 MBOE in Q4 2024 and higher production expense, partially offset by lower depreciation, depletion and amortization (“DD&A”) and lower income tax expense.
Adjusted EBITDAX totaled $57.0 million in Q1 2025, a 25% decrease from $76.2 million in Q4 2024. The decrease was primarily due to lower sales volumes and higher production expense. Adjusted EBITDAX was down 8% from $61.7 million generated in Q1 2024.
Quarterly Summary – Sales and Net Revenue$ in thousands Three Months Ended March 31, 2025 Three Months Ended December 31, 2024 Gabon Egypt Canada Côte d’Ivoire Total Gabon Egypt Canada Côte d’Ivoire Total Oil Sales 59,864 57,656 5,325 18,042 $ 140,887 54,172 59,010 6,685 28,045 $ 147,912 NGL Sales — — 1,808 — 1,808 — — 1,965 — 1,965 Gas Sales — — 636 — 636 — — 421 — 421 Gross Sales 59,864 57,656 7,769 18,042 143,331 54,172 59,010 9,071 28,045 150,298 Selling Costs & Carried Interest — (149 ) (232 ) — (381 ) 450 (130 ) (319 ) — 1 Royalties & Taxes (7,677 ) (23,587 ) (1,357 ) — (32,621 ) (7,455 ) (19,899 ) (1,224 ) — (28,578 ) Net Revenue 52,187 33,920 6,180 18,042 110,329 47,167 38,981 7,528 28,045 121,721 Oil Sales MMB (working interest) 757 920 80 238 1,995 733 923 99 379 2,134 Average Oil Price Received $ 79.09 $ 62.49 $ 66.17 $ 75.87 $ 70.61 $ 73.92 $ 63.92 $ 67.68 $ 73.90 $ 69.30 Change 2 % Average Brent Price $ 75.87 $ 74.66 Change 2 % Gas Sales MMCF (working interest) — — 413 — 413 — — 431 — 431 Average Gas Price Received — — $ 1.54 — $ 1.54 — — $ 0.98 — $ 0.98 Change 57 % Average Aeco Price ($USD) — — $ 1.43 — $ 1.43 — — $ 1.36 — $ 1.36 Change 5 % NGL Sales MMB (working interest) — — 69 — 69 — — 75 — 75 Average Liquids Price Received — — $ 26.39 — $ 26.39 — — $ 26.22 — $ 26.22 Change 1 % Revenue and Sales Q1 2025 Q1 2024 % Change Q1 2025 vs. Q1 2024 Q4 2024 % Change Q1 2025 vs. Q4 2024 Production (NRI BOEPD) 17,764 16,848 5 % 20,775 (14 %) Sales (NRI BOE) 1,717,000 1,490,000 15 % 1,872,000 (8 %) Realized commodity price ($/BOE) $ 64.27 $ 66.43 (3 %) $ 64.77 (1)% Commodity (Per BOE including realized commodity derivatives) $ 64.34 $ 66.41 (3 %) $ 64.48 — % Total commodity sales ($MM) $ 110.3 $ 100.2 10 % $ 121.7 (9 %) In Q1 2025, Vaalco had a net revenue decrease of $11.4 million or 9% compared to Q4 2024 as total NRI sales volumes of 1,717 MBOE was 8% lower than the Q4 2024 volumes of 1,872 MBOE but was 15% higher compared to 1,490 MBOE for Q1 2024, primarily due to production from the Cote d’Ivoire assets acquired in April 2024. Q1 2025 NRI sales were toward the high end of Vaalco’s guidance.
Costs and Expenses Q1 2025 Q1 2024 % Change Q1 2025 vs. Q1 2024 Q4 2024 % Change Q1 2025 vs. Q4 2024 Production expense, excluding offshore workovers and stock comp ($MM) $ 44.7 $ 32.1 39 % $ 36.5 23 % Production expense, excluding offshore workovers ($/BOE) $ 26.08 $ 21.58 21 % $ 19.52 34 % Offshore workover expense ($MM) $ — $ (0.1 ) — % $ 0.1 — % Depreciation, depletion and amortization ($MM) $ 30.3 $ 25.8 17 % $ 37.0 (18 %) Depreciation, depletion and amortization ($/BOE) $ 17.65 $ 17.30 2 % $ 19.79 (11 %) General and administrative expense, excluding stock-based compensation ($MM) $ 7.8 $ 5.9 31 % $ 7.1 9 % General and administrative expense, excluding stock-based compensation ($/BOE) $ 4.51 $ 3.90 16 % $ 3.80 19 % Stock-based compensation expense ($MM) $ 1.4 $ 0.9 50 % $ 1.4 (3 %) Current income tax expense (benefit) ($MM) $ 17.7 $ 25.7 (31 %) $ 26.2 (32)% Deferred income tax expense (benefit) ($MM) $ (1.6 ) $ (3.4 ) (53 %) $ (9.0 ) (82 %) Total production expense (excluding offshore workovers and stock compensation) of $44.7 million in Q1 2025 increased by 23% compared to Q4 2024 and 39% compared to Q1 2024. The increase in Q1 2025 compared to Q1 2024 was primarily driven by higher expenses in Gabon related to government audit settlements of approximately $4.7 million (net to Vaalco), additional chemical costs associated with the H2S treatment and to the increased sales associated with the purchase of the Côte d’Ivoire asset. The increase in Q1 2025 compared to Q4 2024 was driven by higher expenses in Gabon related to the government audit settlements and higher chemical costs.
DD&A expense for Q1 2025 was $30.3 million which was lower than $37.0 million in Q4 2024 and higher than $25.8 million in Q1 2024. The decrease in Q1 2025 DD&A expense compared to Q4 2024 is due primarily to the impact of the year end 2024 depletion adjustments based on the year end reserve reports. The increase in Q1 2025 DD&A expense compared to Q1 2024 is due to higher depletable costs in Côte d’Ivoire partially offset by lower depletable costs in Gabon, Egypt, and Canada.
General and administrative (“G&A”) expense, excluding stock-based compensation, increased slightly to $7.8 million in Q1 2025 from $7.1 million in Q4 2024 and increased from $5.9 million in Q1 2024. The increase in G&A expenses compared to Q1 2024 was primarily due to higher professional service fees, salaries and wages, and accounting and legal fees. Q1 2025 cash G&A was within the Company’s guidance.
Non-cash stock-based compensation expense was $1.4 million for Q1 2025 compared to $0.9 million for Q1 2024. Non-cash stock-based compensation expense for Q4 2024 was $1.4 million.
Other income (expense), net, was an expense of $2.4 million for Q1 2025, compared to an expense of $2.3 million during Q1 2024 and an expense of $9.7 million for Q4 2024. Other income (expense), net, normally consists of foreign currency losses and interest expense, net. Also in Q4 2024, the Company recorded a reduction in the bargain purchase gain of $6.4 million as a result of the change in fair value estimates of the net assets acquired in the Svenska acquisition.
Income tax expense (benefit) was an expense for Q1 2025 of $16.1 million and is comprised of current expense of $17.7 million and deferred tax benefit of $1.6 million. In Q1 2024, income tax expense was $22.3 million and is comprised of current expense of $25.7 million and deferred tax benefit of $3.4 million. Q4 2024 income tax expense was $17.2 million, and is comprised of current tax expense of $26.2 million and deferred tax benefit of $9.0 million.
Taxes paid by jurisdiction are as follows:
(in thousands) Gabon Egypt Canada Equatorial Guinea Cote d’Ivoire Corporate and Other Total Cash/In Kind Taxes Paid: Three months ended March 31, 2025 $ 30,253 6,953 — — $ 790 — $ 37,996
Capital Investments/Balance SheetFor the first quarter of 2025, net capital expenditures totaled $58.5 million on a cash basis and $51.3 million on an accrual basis. These expenditures were primarily related to costs associated with project costs and long lead items for Gabon and Côte d’Ivoire and the development drilling program in Egypt.
At the end of the first quarter of 2025, Vaalco had an unrestricted cash balance of $40.9 million. Working capital at March 31, 2025 was $23.2 million compared with $56.2 million at December 31, 2024, while Adjusted Working Capital at March 31, 2025 totaled $40.4 million.
In March 2025, Vaalco entered into a new reserves based revolving credit facility (the “new facility”) with an initial commitment of $190 million and the ability to grow to $300 million, led by The Standard Bank of South Africa Limited, Isle of Man Branch with other participating banks and financial partners. The new facility, which is subject to customary administrative conditional precedents, replaces the Company’s existing undrawn revolving credit facility that was provided by Glencore Energy UK Ltd. The Company arranged the new facility primarily to provide short-term funding that may be needed from time-to-time to supplement its internally generated cash flow and cash balance as it executes its planned investment programs across its diversified asset base over the next few years.
Quarterly Cash Dividend
Vaalco paid a quarterly cash dividend of $0.0625 per share of common stock for the first quarter of 2025 on March 28, 2025. The Company also recently announced its next quarterly cash dividend of $0.0625 per share of common stock for the second quarter of 2025 ($0.25 annualized), to be paid on June 27, 2025 to stockholders of record at the close of business on May 23, 2025. Future declarations of quarterly dividends and the establishment of future record and payment dates are subject to approval by the Vaalco Board of Directors.
Hedging
The Company continued to opportunistically hedge a portion of its expected future production to lock in strong cash flow generation to assist in funding its capital and shareholder return programs.
The following includes hedges remaining in place as of the end of the first quarter of 2025:
Weighted Average Hedge Price ($/Bbl) Settlement Period Commodity Type of Contract Index Average Volumes Hedged (Bbl) Floor Ceiling April 2025 – June 2025 Oil Collars Dated Brent 70,000 $ 65.00 $ 81.00 July 2025 – September 2025 Oil Collars Dated Brent 60,000 $ 65.00 $ 80.00 Subsequent to March 31, 2025, the Company entered into the following additional derivative contracts to cover its future anticipated production:
Settlement Period Commodity Type of Contract Index Average Volumes Hedged (GJ)(a) Weighted Average Hedge Price (CAD/GJ) May 2025 – October 2025 Natural Gas Swap AECO (7A) 114,000 $ 2.15 a) One gigajoule (GJ) equals one billion joules (J). A gigajoule of natural gas is approximately 25.5 cubic meters standard conditions.
Settlement Period Commodity Type of Contract Index Average Volumes Hedged (Bbl) Weighted Average Hedge Price ($/Bbl) July 1, 2025 – July 31, 2025 Oil Swap Dated Brent 100,000 $ 65.45
Capital Markets Day PresentationVaalco announced that it will host a Capital Markets Day presentation on Wednesday, May 14, 2025. The presentation will begin at 8 a.m. Central Time (2 p.m. London Time) and is expected to conclude around 10:00 a.m. Central Time. The agenda will include presentations by key members of management on Vaalco’s longer-term vision including growth across its diversified, multi-country asset base.
Participation in the Capital Markets Day is directed to Vaalco’s shareholders, buy side and sell side analysts, as well as large institutional investors and portfolio managers. The session will be web cast live along with related presentation materials through Vaalco’s web site at www.vaalco.com in the “Investors” section of the web site. A replay will be archived on the site shortly after the presentation concludes.
2025 Guidance:
The Company has provided second quarter 2025 guidance and updated its full year 2025 guidance. All of the quarterly and annual guidance is detailed in the tables below.
FY 2025 Gabon Egypt Canada Côte d’Ivoire Production (BOEPD) WI 19250 – 22310 7000 – 8300 9750 – 11100 2200 – 2600 300 – 310 Production (BOEPD) NRI 14500 – 16710 6200 – 7100 6200 – 7200 1800 – 2100 300 – 310 Sales Volume (BOEPD) WI 19850 – 22700 7300 – 8300 9750 – 11100 2200 – 2600 600 – 700 Sales Volume (BOEPD) NRI 14900 – 17200 6300 – 7200 6200 – 7200 1800 – 2100 600 – 700 Production Expense (millions) WI & NRI $148.5 – $161.5 MM Production Expense per BOE WI $18.00 – $21.50 Production Expense per BOE NRI $24.00 – $28.00 Offshore Workovers (millions) WI & NRI $0 – $10 MM Cash G&A (millions) WI & NRI $25.0 – $31.0 MM CAPEX excluding acquisitions (millions) WI & NRI $250 – $300 MM DD&A ($/BOE) NRI $16.00 – $20.00 Q2 2025 Gabon Egypt Canada Côte d’Ivoire Production (BOEPD) WI 20000 – 22100 7800 – 8600 10100 – 11200 2100 – 2300 — Production (BOEPD) NRI 15400 – 16800 6800 – 7500 6900 – 7400 1700 – 1900 — Sales Volume (BOEPD) WI 22800 – 24900 10600 – 11400 10100 – 11200 2100 – 2300 — Sales Volume (BOEPD) NRI 17800 – 19300 9200 – 10000 6900 – 7400 1700 – 1900 — Production Expense (millions) WI & NRI $39.5 – $48.0 MM Production Expense per BOE WI $18.00 – $23.00 Production Expense per BOE NRI $23.00 – $29.00 Offshore Workovers (millions) WI & NRI $0 – $0 MM Cash G&A (millions) WI & NRI $6.0 – $8.0 MM CAPEX excluding acquisitions (millions) WI & NRI $65 – $85 MM DD&A ($/BOE) NRI $16.00 – $20.00
Conference CallAs previously announced, the Company will hold a conference call to discuss its first quarter 2025 financial and operating results, Friday, May 9, 2025, at 9:00 a.m. Central Time (10:00 a.m. Eastern Time and 3:00 p.m. London Time). Interested parties may participate by dialing (833) 685-0907. Parties in the United Kingdom may participate toll-free by dialing 08082389064 and other international parties may dial (412) 317-5741. Participants should request to be joined to the “Vaalco Energy First Quarter 2025 Conference Call.” This call will also be webcast on Vaalco’s website at www.vaalco.com. An archived audio replay will be available on Vaalco’s website.
A “Q1 2025 Supplemental Information” investor deck will be posted to Vaalco’s website prior to its conference call on May 9, 2025 that includes additional financial and operational information.
About Vaalco
Vaalco, founded in 1985 and incorporated under the laws of Delaware, is a Houston, Texas, USA based, independent energy company with a diverse portfolio of production, development and exploration assets across Gabon, Egypt, Côte d’Ivoire, Equatorial Guinea, Nigeria and Canada.
For Further Information
Vaalco Energy, Inc. (General and Investor Enquiries) +00 1 713 543 3422 Website: www.vaalco.com Al Petrie Advisors (US Investor Relations) +00 1 713 543 3422 Al Petrie / Chris Delange Buchanan (UK Financial PR) +44 (0) 207 466 5000 Ben Romney / Barry Archer VAALCO@buchanan.uk.com
Forward Looking StatementsThis press release includes “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, which are intended to be covered by the safe harbors created by those laws and other applicable laws and “forward-looking information” within the meaning of applicable Canadian securities laws(collectively, “forward-looking statements”). Where a forward-looking statement expresses or implies an expectation or belief as to future events or results, such expectation or belief is expressed in good faith and believed to have a reasonable basis. All statements other than statements of historical fact may be forward-looking statements. The words “anticipate,” “believe,” “estimate,” “expect,” “intend,” “forecast,” “outlook,” “aim,” “target,” “will,” “could,” “should,” “may,” “likely,” “plan” and “probably” or similar words may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements in this press release include, but are not limited to, statements relating to (i) estimates of future drilling, production, sales and costs of acquiring crude oil, natural gas and natural gas liquids; (ii) expectations regarding Vaalco’s ability to effectively integrate assets and properties it has acquired as a result of the Svenska acquisition into its operations; (iii) expectations regarding future exploration and the development, growth and potential of Vaalco’s operations, project pipeline and investments, and schedule and anticipated benefits to be derived therefrom; (iv) expectations regarding future acquisitions, investments or divestitures; (v) expectations of future dividends; (vi) expectations of future balance sheet strength; and (vii) expectations of future equity and enterprise value.
Such forward-looking statements are subject to risks, uncertainties and other factors, which could cause actual results to differ materially from future results expressed, projected or implied by the forward-looking statements. These risks and uncertainties include, but are not limited to: risks relating to any unforeseen liabilities of Vaalco; the ability to generate cash flows that, along with cash on hand, will be sufficient to support operations and cash requirements; risks relating to the timing and costs of completion for scheduled maintenance of the FPSO servicing the Baobab field; and the risks described under the caption “Risk Factors” in Vaalco’s most recent Annual Report on Form 10-K.
Dividends beyond the second quarter of 2025 have not yet been approved or declared by the Board of Directors for Vaalco. The declaration and payment of future dividends remains at the discretion of the Board and will be determined based on Vaalco’s financial results, balance sheet strength, cash and liquidity requirements, future prospects, crude oil and natural gas prices, and other factors deemed relevant by the Board. The Board reserves all powers related to the declaration and payment of dividends. Consequently, in determining the dividend to be declared and paid on Vaalco common stock, the Board may revise or terminate the payment level at any time without prior notice.
Any forward-looking statement made by Vaalco in this press release is based only on information currently available to Vaalco and speaks only as of the date on which it is made. Except as may be required by applicable securities laws, Vaalco undertakes no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.
Other Oil and Gas Advisories
Investors are cautioned when viewing BOEs in isolation. BOE conversion ratio is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead. Given that the value ratio based on the current price of crude oil as compared to natural gas is significantly different from the energy equivalencies described above, utilizing such equivalencies may be incomplete as an indication of value.
Inside Information
This announcement contains inside information as defined in Regulation (EU) No. 596/2014 on market abuse which is part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 (“MAR”) and is made in accordance with the Company’s obligations under article 17 of MAR. The person responsible for arranging the release of this announcement on behalf of Vaalco is Matthew Powers, Corporate Secretary of Vaalco.
VAALCO ENERGY, INC AND SUBSIDIARIES
Condensed Consolidated Balance SheetsAs of March 31, 2025 As of December 31, 2024 (in thousands) ASSETS Current assets: Cash and cash equivalents $ 40,914 $ 82,650 Receivables: Trade, net of allowances for credit loss and other of $0.2 million and $0.2 million, respectively 120,252 94,778 Accounts with joint venture owners, net of allowance for credit losses of $1.8 million and $1.5 million, respectively 2,847 179 Egypt receivables and other 3,235 35,763 Other current assets 33,590 24,557 Total current assets 200,838 237,927 Crude oil, natural gas and NGLs properties and equipment, net 562,926 538,103 Other noncurrent assets: Right of use operating lease assets 16,303 17,254 Right of use finance lease assets 78,862 79,849 Deferred tax assets 48,364 55,581 Other long-term assets 19,810 26,236 Total assets $ 927,103 $ 954,950 LIABILITIES AND SHAREHOLDERS’ EQUITY Current liabilities $ 177,675 $ 181,728 Asset retirement obligations 81,053 78,592 Operating lease liabilities – net of current portion 12,915 13,903 Finance lease liabilities – net of current portion 66,198 67,377 Deferred tax liabilities 85,168 93,904 Other long-term liabilities — 17,863 Total liabilities 423,009 453,367 Total shareholders’ equity 504,094 501,583 Total liabilities and shareholders’ equity $ 927,103 $ 954,950
VAALCO ENERGY, INC AND SUBSIDIARIES
Consolidated Statements of OperationsThree Months Ended March 31, 2025 March 31, 2024 December 31, 2024 (in thousands except per share amounts) Revenues: Crude oil, natural gas and natural gas liquids sales $ 110,329 $ 100,155 $ 121,721 Operating costs and expenses: Production expense 44,806 32,089 36,641 Exploration expense — 48 — Depreciation, depletion and amortization 30,305 25,824 37,047 Transaction costs related to acquisition — 1,313 — General and administrative expense 9,051 6,710 8,454 Credit losses and other (27 ) 1,812 1,082 Total operating costs and expenses 84,135 67,796 83,224 Other operating income, net — (166 ) 10 Operating income 26,194 32,193 38,507 Other income (expense): Derivative instruments gain (loss), net (74 ) (847 ) (365 ) Interest expense, net (1,295 ) (935 ) (1,092 ) Bargain purchase gain — — (6,366 ) Other income (expense), net (1,012 ) (487 ) (1,828 ) Total other income (expense), net (2,381 ) (2,269 ) (9,651 ) Income before income taxes 23,813 29,924 28,856 Income tax expense 16,083 22,238 17,192 Net income $ 7,730 $ 7,686 $ 11,664 Other comprehensive income (loss): Currency translation adjustments 117 (2,454 ) (5,975 ) Comprehensive income $ 7,847 $ 5,232 $ 5,689 Basic net income per share: Net income per share $ 0.07 $ 0.07 $ 0.11 Basic weighted average shares outstanding 103,758 103,659 103,743 Diluted net income per share: Net income per share $ 0.07 $ 0.07 $ 0.11 Diluted weighted average shares outstanding 103,785 104,541 103,812
VAALCO ENERGY, INC AND SUBSIDIARIES
Condensed Consolidated Statements of Cash FlowsThree Months Ended March 31, 2025 2024 (in thousands) CASH FLOWS FROM OPERATING ACTIVITIES: Net income $ 7,730 $ 7,686 Adjustments to reconcile net income to net cash provided by operating activities: Depreciation, depletion and amortization 30,305 25,824 Exploration expense 146 — Deferred taxes (1,519 ) (3,441 ) Unrealized foreign exchange loss 1,673 (102 ) Stock-based compensation 1,475 898 Cash settlements paid on exercised stock appreciation rights — (154 ) Derivative instruments (gain) loss, net 74 847 Cash settlements paid on matured derivative contracts, net 123 (24 ) Cash settlements paid on asset retirement obligations — (29 ) Credit losses and other (27 ) 1,812 Other operating loss, net — 166 Equipment and other expensed in operations 972 302 Change in operating assets and liabilities (8,246 ) (11,953 ) Net cash provided by operating activities 32,706 21,832 CASH FLOWS FROM INVESTING ACTIVITIES: Property and equipment expenditures (58,527 ) (16,618 ) Acquisition of crude oil and natural gas properties (247 ) — Net cash used in investing activities (58,774 ) (16,618 ) CASH FLOWS FROM FINANCING ACTIVITIES: Proceeds from the issuances of common stock — 447 Dividend distribution (6,570 ) (6,463 ) Treasury shares (155 ) (6,344 ) Deferred financing costs (5,118 ) — Payments of finance lease (2,943 ) (2,095 ) Net cash used in in financing activities (14,786 ) (14,455 ) Effects of exchange rate changes on cash 27 (208 ) NET CHANGE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH (40,827 ) (9,449 ) CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT BEGINNING OF PERIOD 97,726 129,178 CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT END OF PERIOD $ 56,899 $ 119,729 VAALCO ENERGY, INC AND SUBSIDIARIES
Selected Financial and Operating Statistics
(Unaudited)Three Months Ended March 31, 2025 March 31, 2024 December 31, 2024 NRI SALES DATA Crude oil, natural gas and natural gas liquids sales (MBOE) 1,717 1,490 1,872 Average daily sales volumes (BOE) 19,074 16,374 20,352 WI PRODUCTION DATA Etame Crude oil (MBbl) 767 819 791 Gabon Average daily production volumes (BOEPD) 8,522 9,001 8,598 Egypt Crude oil (MBbl) 920 950 923 Egypt Average daily production volumes (BOEPD) 10,225 10,440 10,035 Canada Crude Oil (MBbl) 80 61 99 Canada Natural Gas (MMcf) 413 469 431 Canada Natural Gas Liquid (MBOE) 69 76 75 Canada Crude oil, natural gas and natural gas liquids (MBOE) 218 215 246 Canada Average daily production volumes (BOEPD) 2,420 2,363 2,669 Côte d’Ivoire Crude oil (MBbl) 111 — 368 Côte d’Ivoire Average daily production volumes (BOEPD) 1,235 — 3,997 Total Crude oil, natural gas and natural gas liquids production (MBOE) 2,016 1,984 2,328 Average daily production volumes (BOEPD) 22,402 21,804 25,300 NRI PRODUCTION DATA Etame Crude oil (MBbl) 667 713 688 Gabon Average daily production volumes (BOEPD) 7,414 7,835 7,481 Egypt Crude oil (MBbl) 642 641 644 Egypt Average daily production volumes (BOEPD) 7,131 7,044 7,001 Canada Crude Oil (MBbl) 66 51 85 Canada Natural Gas (MMcf) 338 392 371 Canada Natural Gas Liquid (MBOE) 56 63 64 Canada Crude oil, natural gas and natural gas liquids (MBOE) 179 179 211 Canada Average daily production volumes (BOEPD) 1,984 1,971 2,296 Côte d’Ivoire Crude oil (MBbl) 111 — 368 Côte d’Ivoire Average daily production volumes (BOEPD) 1,235 — 3,997 Total Crude oil, natural gas and natural gas liquids production (MBOE) 1,599 1,533 1,911 Average daily production volumes (BOEPD) 17,764 16,850 20,775 AVERAGE SALES PRICES: Crude oil, natural gas and natural gas liquids sales (per BOE) – WI basis $ 67.03 $ 69.62 $ 65.69 Crude oil, natural gas and natural gas liquids sales (per BOE) – NRI basis $ 64.27 $ 66.43 $ 64.77 Crude oil, natural gas and natural gas liquids sales (Per BOE including realized commodity derivatives) – NRI basis $ 64.34 $ 66.41 $ 64.48 COSTS AND EXPENSES (Per BOE of sales): Production expense 26.10 $ 21.54 $ 19.57 Production expense, excluding offshore workovers and stock compensation* 26.05 $ 21.56 $ 19.49 Depreciation, depletion and amortization 17.65 $ 17.33 $ 19.79 General and administrative expense** 5.27 $ 4.50 $ 4.52 Property and equipment expenditures, cash basis (in thousands) $ 58,527 $ 16,618 $ 41,466 * Offshore workover costs excluded for the three months ended March 31, 2025 and 2024 and December 31, 2024 are $0.0 million, $(0.1) million and $0.1 million, respectively.
* Stock compensation associated with production expense excluded from the three months ended March 31, 2025 and 2024 and December 31, 2024 are immaterial.
** General and administrative expenses include $0.76, $0.58 and $0.72 per barrel of oil related to stock-based compensation expense in the three months ended March 31, 2025 and 2024 and December 31, 2024, respectively.NON-GAAP FINANCIAL MEASURES
Management uses Adjusted Net Income to evaluate operating and financial performance and believes the measure is useful to investors because it eliminates the impact of certain non-cash and/or other items that management does not consider to be indicative of the Company’s performance from period to period. Management also believes this non-GAAP measure is useful to investors to evaluate and compare the Company’s operating and financial performance across periods, as well as to facilitate comparisons to others in the Company’s industry. Adjusted Net Income is a non-GAAP financial measure and as used herein represents net income, plus deferred income tax expense (benefit), unrealized derivative instrument loss (gain), bargain purchase gain on the Svenska Acquisition, FPSO demobilization, transaction costs related to the Svenska acquisition and non-cash and other items.
Adjusted EBITDAX is a supplemental non-GAAP financial measure used by Vaalco’s management and by external users of the Company’s financial statements, such as industry analysts, lenders, rating agencies, investors and others who follow the industry. Management believes the measure is useful to investors because it is as an indicator of the Company’s ability to internally fund exploration and development activities and to service or incur additional debt. Adjusted EBITDAX is a non-GAAP financial measure and as used herein represents net income, plus interest expense (income) net, income tax expense (benefit), depreciation, depletion and amortization, exploration expense, FPSO demobilization, non-cash and other items including stock compensation expense, bargain purchase gain on the Svenska Acquisition, other operating (income) expense, net, non-cash purchase price adjustment, transaction costs related to acquisition, credit losses and other and unrealized derivative instrument loss (gain).
Management uses Adjusted Working Capital as a transition tool to assess the working capital position of the Company’s continuing operations excluding leasing obligations because it eliminates the impact of discontinued operations as well as the impact of lease liabilities. Under the applicable lease accounting standards, lease liabilities related to assets used in joint operations include both the Company’s share of expenditures as well as the share of lease expenditures which its non-operator joint venture owners’ will be obligated to pay under joint operating agreements. Adjusted Working Capital is a non-GAAP financial measure and as used herein represents working capital excluding working capital attributable to discontinued operations and current liabilities associated with lease obligations.
Management uses Free Cash Flow to evaluate financial performance and to determine the total amount of cash over a specified period available to be used in connection with returning cash to shareholders, and believes the measure is useful to investors because it provides the total amount of net cash available for returning cash to shareholders by adding cash generated from operating activities, subtracting amounts used in financing and investing activities, effects of exchange rate changes on cash and adding back amounts used for dividend payments and stock repurchases. Free Cash Flow is a non-GAAP financial measure and as used herein represents net change in cash, cash equivalents and restricted cash and adds the amounts paid under dividend distributions and share repurchases over a specified period.
Free Cash Flow has significant limitations, including that it does not represent residual cash flows available for discretionary purposes and should not be used as a substitute for cash flow measures prepared in accordance with GAAP. Free Cash Flow should not be considered as a substitute for cashflows from operating activities before discontinued operations or any other liquidity measure presented in accordance with GAAP. Free Cash Flow may vary among other companies. Therefore, the Company’s Free Cash Flow may not be comparable to similarly titled measures used by other companies.
Adjusted EBITDAX and Adjusted Net Income have significant limitations, including that they do not reflect the Company’s cash requirements for capital expenditures, contractual commitments, working capital or debt service. Adjusted EBITDAX, Adjusted Net Income, Adjusted Working Capital and Free Cash Flow should not be considered as substitutes for net income (loss), operating income (loss), cash flows from operating activities or any other measure of financial performance or liquidity presented in accordance with GAAP. Adjusted EBITDAX and Adjusted Net Income exclude some, but not all, items that affect net income (loss) and operating income (loss), and the calculation of these measures may vary among other companies. Therefore, the Company’s Adjusted EBITDAX, Adjusted Net Income, Adjusted Working Capital and Free Cash Flow may not be comparable to similarly titled measures used by other companies.
The tables below reconcile the most directly comparable GAAP financial measures to Adjusted Net Income, Adjusted EBITDAX, Adjusted Working Capital and Free Cash Flow.
VAALCO ENERGY, INC AND SUBSIDIARIES
Reconciliations of Non-GAAP Financial Measures
(Unaudited)
(in thousands)Three Months Ended Reconciliation of Net Income to Adjusted Net Income March 31, 2025 March 31, 2024 December 31, 2024 Net income $ 7,730 $ 7,686 $ 11,664 Adjustment for discrete items: Unrealized derivative instruments loss (gain) 198 823 96 Bargain purchase gain — — 6,366 Deferred income tax expense (benefit) (1,610 ) (3,441 ) (11,781 ) Transaction costs related to acquisition 22 1,313 508 Other operating (income) expense, net — 166 (10 ) Adjusted Net Income $ 6,340 $ 6,547 $ 6,843 Diluted Adjusted Net Income per Share $ 0.06 $ 0.06 $ 0.07 Diluted weighted average shares outstanding (1) 103,785 104,541 103,812 (1) No adjustments to weighted average shares outstanding
Three Months Ended Reconciliation of Net Income to Adjusted EBITDAX March 31, 2025 March 31, 2024 December 31, 2024 Net income $ 7,730 $ 7,686 $ 11,664 Add back: Interest expense, net 1,295 935 1,092 Income tax expense 16,083 22,238 17,192 Depreciation, depletion and amortization 30,305 25,824 37,047 Exploration expense — 48 — Non-cash or unusual items: Stock-based compensation 1,352 899 1,196 Unrealized derivative instruments loss 198 823 96 Bargain purchase gain — — 6,366 Other operating (income) expense, net — 166 (10 ) Transaction costs related to acquisition 22 1,313 508 Credit losses and other (27 ) 1,812 1,082 Adjusted EBITDAX $ 56,958 $ 61,744 $ 76,233 VAALCO ENERGY, INC AND SUBSIDIARIES
Reconciliations of Non-GAAP Financial Measures
(Unaudited)
(in thousands)Reconciliation of Working Capital to Adjusted Working Capital March 31, 2025 December 31, 2024 Change Current assets $ 200,838 $ 237,927 $ (37,089 ) Current liabilities (177,675 ) (181,728 ) 4,053 Working capital 23,163 56,199 (33,036 ) Add: lease liabilities – current portion 17,249 16,895 354 Adjusted Working Capital $ 40,412 $ 73,094 $ (32,682 ) Three Months Ended March 31, 2025 Reconciliation of Free Cash Flow (in thousands) Net cash provided by Operating activities $ 32,706 Net cash used in Investing activities (58,774 ) Net cash used in Financing activities (14,786 ) Effects of exchange rate changes on cash 27 Total net cash change (40,827 ) Add back shareholder cash out: Dividends paid 6,570 Total cash returned to shareholders 6,570 Free Cash Flow $ (34,257 ) -
MIL-OSI: Logan Ridge Finance Corporation Announces First Quarter 2025 Financial Results
Source: GlobeNewswire (MIL-OSI)
Reports Solid First Quarter Results with Net Investment Income of $0.35 Per Share and a Net Asset Value of $29.66 Per Share
Declared a Distribution of $0.36 Per Share for the Second Quarter of 2025
Successfully Exited its Equity Investment in GA Communications, Inc., Further Reducing the Company’s Non-Yielding Equity Portfolio
Investors are Encouraged to Vote FOR the Merger with Portman Ridge Finance Corporation (“PTMN”)
NEW YORK, May 08, 2025 (GLOBE NEWSWIRE) — Logan Ridge Finance Corporation (“Logan Ridge”, “LRFC”, the “Company”, “we”, “us” or “our”) (Nasdaq: LRFC) announced today its financial results for the first quarter ended March 31, 2025.
First Quarter 2025 Highlights
- Total investment income was $4.6 million for the quarter ended March 31, 2025, as compared to $5.4 million reported for the quarter ended December 31, 2024.
- Net investment income (“NII”) was $0.9 million, or $0.35 per share, for the quarter ended March 31, 2025, as compared to $1.5 million or $0.56 per share, for the quarter ended December 31, 2024.
- Net asset value was $29.66 per share as of March 31, 2025, as compared to $32.04 per share as of December 31, 2024.
- The Company made approximately $15.1 million of investments and had approximately $12.4 million in repayments and sales of investments, resulting in net deployment of approximately $2.7 million during the quarter ended March 31, 2025.
Subsequent Events
- On May 7, 2025, the Company’s Board of Directors approved a second quarter distribution of $0.36 per share, payable on May 29, 2025, to stockholders of record as of May 19, 2025.
Management Commentary
Ted Goldthorpe, Chief Executive Officer and President of Logan Ridge, said, “Following record results in 2024, Logan Ridge continued to make significant strides in strengthening its portfolio, despite the large write-down on the Company’s legacy term loan to Sequoia Healthcare. Notably, during the quarter, the Company grew its portfolio with net deployment, and as previously announced, Logan Ridge continued rotating out of the legacy equity portfolio with the successful exit of its second largest non-yielding equity investment in GA Communications, Inc. This exit stands as another important achievement in our long-term strategy of rotating out of the legacy equity portfolio, which has now been reduced to just 10.8% of our portfolio at fair value, down from 13.8% as of the prior quarter and 18.2% in the first quarter of 2024.Looking forward, with the continued monetization of the legacy equity portfolio, we believe the Company is well-positioned to continue to grow earnings and increase long-term shareholder value as we navigate this dynamic market shaped by renewed uncertainty, increased market volatility, and shifting geopolitical dynamics.
Finally, we remain excited about the opportunities the proposed combination with Portman Ridge presents. This transaction offers the potential for increased scale, improved liquidity, and enhanced operational efficiencies, all of which would strengthen our ability to deliver greater value to shareholders. The combination of these companies would be a marquee transaction for our BDC franchise and a significant milestone for the BC Partners Credit Platform. We encourage all shareholders to vote FOR the proposed merger, as recommended by the Board of Directors of both companies. We are excited about the road ahead and look forward to sharing more updates at the upcoming Special Meeting of Stockholders.”
Selected Financial Highlights
- Total investment income for the quarter ended March 31, 2025, decreased by $0.4 million, to $4.6 million, compared to $5.0 million for the quarter ended March 31, 2024.
- Total operating expenses for the quarter ended March 31, 2025, decreased by $0.4 million, to $3.7 million, compared to $4.1 million for the quarter ended March 31, 2024.
- Net investment income for the quarter ended March 31, 2025, was $0.9 million, or $0.35 per share, unchanged from the quarter ended March 31, 2024.
- Net asset value as of March 31, 2025, was $78.8 million, or $29.66 per share, compared to $85.1 million, or $32.04 per share, as of December 31, 2024.
- Cash and cash equivalents as of March 31, 2025, were $5.1 million compared to $15.0 million as of December 31, 2024.
- The investment portfolio as of March 31, 2025, consisted of investments in 59 portfolio companies with an aggregate fair value of approximately $169.6 million. This compares to 59 portfolio companies with an aggregate fair value of approximately $172.3 million as of December 31, 2024.
- Deployment was judicious and prudent. During the quarter ended March 31, 2025, the Company made approximately $15.1 million in investments and had $12.4 million in repayments and sales of investments, resulting in net deployment of approximately $2.7 million.
- The debt investment portfolio as of March 31, 2025, represented 86.6% of the fair value of the total portfolio, with a weighted average annualized yield of approximately 10.7% (excluding income from non-accruals and collateralized loan obligations), compared to a debt investment portfolio of approximately 83.3% with a weighted average annualized yield of approximately 10.7% (excluding income from non-accruals and collateralized loan obligations) as of December 31, 2024. As of March 31, 2025, 9.3% of the fair value of the debt investment portfolio was bearing a fixed rate of interest, compared to 12.1% of the fair value of the debt investment portfolio as of December 31, 2024.
- Non-accruals: As of March 31, 2025, the Company had debt investments in three portfolio companies on non-accrual status with an amortized cost and fair value of $17.2 million and $3.7 million, respectively, representing 8.7% and 2.2% of the investment portfolio’s amortized cost and fair value, respectively. This compares to debt investments in three portfolio companies on non-accrual status with an aggregate amortized cost and fair value of $17.2 million and $7.9 million, respectively, representing 9.0% and 4.6% of the investment portfolio’s amortized cost and fair value, respectively, as of December 31, 2024.
- Asset coverage ratio as of March 31, 2025, was 179.4%.
Results of Operations
Our operating results for the three months ended March 31, 2025 and March 31, 2024, were as follows (dollars in thousands):For the Three Months Ended March 31, 2025 2024 Total investment income $ 4,631 $ 5,003 Total expenses 3,703 4,056 Net investment income 928 947 Net realized gain (loss) on investments 2,603 287 Net change in unrealized appreciation (depreciation) on investments (8,755 ) 675 Net realized gain (loss) on extinguishment of debt (146 ) (58 ) Net increase (decrease) in net assets resulting from operations $ (5,370 ) $ 1,851 Investment income
The composition of our investment income for the three months ended March 31, 2025 and March 31, 2024, was as follows (dollars in thousands):For the Three Months Ended March 31, 2025 2024 Interest income $ 3,906 $ 4,633 Payment-in-kind interest 547 353 Dividend income 143 17 Other income 35 – Total investment income $ 4,631 $ 5,003 Fair Value of Investments
The composition of our investments as of March 31, 2025 and December 31, 2024, at amortized cost and fair value of investments was as follows (dollars in thousands):March 31, 2025 Investments at
Amortized CostAmortized Cost
Percentage of
Total PortfolioInvestments at
Fair ValueFair Value
Percentage of
Total PortfolioFirst Lien Debt $ 131,479 66.5 % $ 114,600 67.6 % Second Lien Debt 10,834 5.5 % 9,119 5.4 % Subordinated Debt 27,060 13.7 % 23,040 13.6 % Collateralized Loan Obligations 309 0.2 % 572 0.3 % Joint Venture 4,119 2.1 % 3,948 2.3 % Equity 23,709 12.0 % 18,334 10.8 % Total $ 197,510 100.0 % $ 169,613 100.0 % December 31, 2024 Investments at
Amortized CostAmortized Cost
Percentage of
Total PortfolioInvestments at
Fair ValueFair Value
Percentage of
Total PortfolioFirst Lien Debt $ 123,068 64.4 % $ 111,460 64.7 % Second Lien Debt 10,623 5.5 % 9,051 5.3 % Subordinated Debt 26,996 14.1 % 22,858 13.3 % Collateralized Loan Obligations 852 0.4 % 940 0.5 % Joint Venture 4,170 2.2 % 4,153 2.4 % Equity 25,723 13.4 % 23,828 13.8 % Total $ 191,432 100.0 % $ 172,290 100.0 % Interest Rate Risk
Based on our consolidated statements of assets and liabilities as of March 31, 2025, the following table shows the annual impact on net income (excluding the potential related incentive fee impact) of base rate changes in interest rates (considering interest rate floors for variable rate securities), assuming no changes in our investment and borrowing structure (dollars in thousands):Basis Point Change Increase
(decrease) in interest income(Increase)
decrease in
interest expenseIncrease
(decrease) in
net incomeUp 300 basis points $ 4,200 $ (1,322 ) $ 2,878 Up 200 basis points 2,800 (881 ) 1,919 Up 100 basis points 1,400 (441 ) 959 Down 100 basis points (1,400 ) 441 (959 ) Down 200 basis points (2,744 ) 881 (1,863 ) Down 300 basis points (3,984 ) 1,322 (2,662 ) Conference Call and Webcast
We will hold a conference call on Friday, May 9, 2025, at 11:00 a.m. Eastern Time to discuss the first quarter 2025 financial results. Stockholders, prospective stockholders, and analysts are welcome to listen to the call or attend the webcast.To access the conference call, please dial (646) 307-1963 approximately 10 minutes prior to the start of the call and use the conference ID 8145997.
A replay of this conference call will be available shortly after the live call through May 16, 2025.
A live audio webcast of the conference call can be accessed via the Internet, on a listen-only basis on the Company’s website www.loganridgefinance.com in the Investor Resources section under Events and Presentations. The webcast can also be accessed by clicking the following link: https://edge.media-server.com/mmc/p/h9fj5e3y. The online archive of the webcast will be available on the Company’s website shortly after the call.
About Logan Ridge Finance Corporation
Logan Ridge Finance Corporation (Nasdaq: LRFC) is a business development company that invests primarily in first lien loans and, to a lesser extent, second lien loans and equity securities issued by lower middle-market companies. The Company invests in performing, well-established middle-market businesses that operate across a wide range of industries. It employs fundamental credit analysis, targeting investments in businesses with relatively low levels of cyclicality and operating risk. For more information, visit www.loganridgefinance.com.About Mount Logan Capital Inc.
Mount Logan Capital Inc. (“MLC”) is an alternative asset management company that is focused on public and private debt securities in the North American market. MLC seeks to source and actively manage loans and other debt-like securities with credit-oriented characteristics. MLC actively sources, evaluates, underwrites, manages, monitors, and primarily invests in loans, debt securities, and other credit-oriented instruments that present attractive risk-adjusted returns and present low risk of principal impairment through the credit cycle.About BC Partners Advisors L.P. and BC Partners Credit
BC Partners is a leading international investment firm in private equity, private credit and real estate strategies. Established in 1986, BC Partners has played an active role in developing the European buyout market for three decades. Today, BC Partners executives operate across markets as an integrated team through the firm’s offices in North America and Europe. For more information, please visit www.bcpartners.com.BC Partners Credit was launched in February 2017 and has pursued a strategy focused on identifying attractive credit opportunities in any market environment and across sectors, leveraging the deal sourcing and infrastructure made available from BC Partners.
Cautionary Statement Regarding Forward-Looking Statements
Some of the statements in this communication constitute forward-looking statements because they relate to future events, future performance or financial condition. The forward-looking statements may include statements as to future operating results of PTMN and LRFC, and distribution projections; business prospects of PTMN and LRFC, and the prospects of their portfolio companies; and the impact of the investments that PTMN and LRFC expect to make. In addition, words such as “anticipate,” “believe,” “expect,” “seek,” “plan,” “should,” “estimate,” “project” and “intend” indicate forward-looking statements, although not all forward-looking statements include these words. The forward-looking statements contained in this communication involve risks and uncertainties. Certain factors could cause actual results and conditions to differ materially from those projected, including the uncertainties associated with (i) the ability of the parties to consummate the merger on the expected timeline, or at all; (ii) the expected synergies and savings associated with the merger; (iii) the ability to realize the anticipated benefits of the merger, including the expected elimination of certain expenses and costs due to the merger; (iv) the percentage of PTMN shareholders and LRFC shareholders voting in favor of the applicable Proposal (as defined below) submitted for their approval; (v) the possibility that competing offers or acquisition proposals will be made; (vi) the possibility that any or all of the various conditions to the consummation of the merger may not be satisfied or waived; (vii) risks related to diverting management’s attention from ongoing business operations; (viii) the combined company’s plans, expectations, objectives and intentions, as a result of the merger; (ix) any potential termination of the merger agreement; (x) the future operating results and net investment income projections of PTMN, LRFC or, following the closing of the merger, the combined company; (xi) the ability of Sierra Crest Investment Management LLC (“Sierra Crest”) to implement its future plans with respect to the combined company; (xii) the ability of Sierra Crest and its affiliates to attract and retain highly talented professionals; (xiii) the business prospects of PTMN, LRFC or, following the closing of the merger, the combined company, and the prospects of their portfolio companies; (xiv) the impact of the investments that PTMN, LRFC or, following the closing of the merger, the combined company expect to make; (xv) the ability of the portfolio companies of PTMN, LRFC or, following the closing of the merger, the combined company to achieve their objectives; (xvi) the expected financings and investments and additional leverage that PTMN, LRFC or, following the closing of the merger, the combined company may seek to incur in the future; (xvii) the adequacy of the cash resources and working capital of PTMN, LRFC or, following the closing of the merger, the combined company; (xviii) the timing of cash flows, if any, from the operations of the portfolio companies of PTMN, LRFC or, following the closing of the merger, the combined company; (xix) the risk that stockholder litigation in connection with the merger may result in significant costs of defense and liability; and (xx) future changes in laws or regulations (including the interpretation of these laws and regulations by regulatory authorities). PTMN and LRFC have based the forward-looking statements included in this document on information available to them on the date hereof, and they assume no obligation to update any such forward-looking statements. Although PTMN and LRFC undertake no obligation to revise or update any forward-looking statements, whether as a result of new information, future events or otherwise, you are advised to consult any additional disclosures that they may make directly to you or through reports that PTMN and LRFC in the future may file with the SEC, including the Registration Statement and Joint Proxy Statement (in each case, as defined below), annual reports on Form 10-K, quarterly reports on Form 10-Q and current reports on Form 8-K.Additional Information and Where to Find It
This document relates to the proposed merger of PTMN and LRFC and certain related matters (the “Proposals”). In connection with the Proposals, PTMN has filed a registration statement (Registration No. 333-285230) with the SEC (the “Registration Statement”) that contains a combined joint proxy statement for PTMN and LRFC and a prospectus of PTMN (the “Joint Proxy Statement”) and will mail the Joint Proxy Statement to its and LRFC’s respective shareholders. The Registration Statement and Joint Proxy Statement will contain important information about PTMN, LRFC and the Proposals. This communication does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended. SHAREHOLDERS OF PTMN AND LRFC ARE URGED TO READ THE REGISTRATION STATEMENT, JOINT PROXY STATEMENT AND OTHER DOCUMENTS THAT ARE FILED OR WILL BE FILED WITH THE SEC, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THESE DOCUMENTS, CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT PTMN, LRFC AND THE PROPOSALS. Investors and securityholders will be able to obtain the documents filed with the SEC free of charge at the SEC’s website, http://www.sec.gov or, for documents filed by PTMN, from PTMN’s website at https://www.portmanridge.com, and, for documents filed by LRFC, from LRFC’s website at https://www.loganridgefinance.com.Participants in the Solicitation
PTMN, its directors, certain of its executive officers and certain employees and officers of Sierra Crest and its affiliates may be deemed to be participants in the solicitation of proxies in connection with the Proposals. Information about the directors and executive officers of PTMN is set forth in its proxy statement for its 2025 Annual Meeting of Stockholders, which was filed with the SEC on April 29, 2025. LRFC, its directors, certain of its executive officers and certain employees and officers of Mount Logan Management LLC, and its affiliates may be deemed to be participants in the solicitation of proxies in connection with the Proposals. Information about the directors and executive officers of LRFC is set forth in the Annual Report on Form 10-K/A, which was filed with the SEC on April 29, 2025. Information regarding
the persons who may, under the rules of the SEC, be considered participants in the solicitation of the PTMN and LRFC shareholders in connection with the Proposals will be contained in the Registration Statement, including the Joint Proxy Statement included therein, and other relevant materials when such documents become available. These documents may be obtained free of charge from the sources indicated above.No Offer or Solicitation
This document is not, and under no circumstances is it to be construed as, a prospectus or an advertisement and the communication of this document is not, and under no circumstances is it to be construed as, an offer to sell or a solicitation of an offer to purchase any securities in PTMN, LRFC or in any fund or other investment vehicle managed by BC Partners or any of its affiliates.Contacts:
Logan Ridge Finance Corporation
650 Madison Avenue, 3rd Floor
New York, NY 10022Brandon Satoren
Chief Financial Officer
Brandon.Satoren@bcpartners.com
(212) 891-2880Lena Cati
The Equity Group Inc.
lcati@equityny.com
(212) 836-9611Val Ferraro
The Equity Group Inc.
vferraro@equityny.com
(212) 836-9633Logan Ridge Finance Corporation
Consolidated Statements of Assets and Liabilities
(in thousands, except share and per share data)As of March 31,
2025As of December 31,
2024(unaudited) ASSETS Investments at fair value: Non-control/non-affiliate investments (amortized cost of $162,447 and $152,393, respectively) $ 143,121 $ 138,079 Affiliate investments (amortized cost of $35,063 and $39,039, respectively) 26,492 34,211 Total investments at fair value (amortized cost of $197,510 and $191,432, respectively) 169,613 172,290 Cash and cash equivalents 5,073 15,015 Interest and dividend receivable 1,572 1,404 Prepaid expenses 4,061 2,543 Receivable for unsettled trades — 1,082 Other assets 343 335 Total assets $ 180,662 $ 192,669 LIABILITIES 2026 Notes (net of deferred financing costs and original issue discount of $602 and $694, respectively) $ 49,398 $ 49,306 2032 Convertible Notes (net of deferred financing costs and original issue discount of $283 and $439, respectively) 4,717 7,061 KeyBank Credit Facility (net of deferred financing costs of $1,092 and $1,147, respectively) 42,369 47,607 Management and incentive fees payable 805 834 Interest and financing fees payable 1,541 942 Accounts payable and accrued expenses 3,057 1,820 Total liabilities $ 101,887 $ 107,570 Commitments and contingencies NET ASSETS Common stock, par value $0.01, 100,000,000 shares of common stock authorized, 2,655,973 and 2,655,898 shares of common stock issued and outstanding, respectively $ 27 $ 27 Capital in excess of par value 188,860 188,858 Total distributable loss (110,112 ) (103,786 ) Total net assets $ 78,775 $ 85,099 Total liabilities and net assets $ 180,662 $ 192,669 Net asset value per share $ 29.66 $ 32.04 Logan Ridge Finance Corporation
Consolidated Statements of Operations
(in thousands, except share and per share data)For the Three Months Ended March 31, 2025 2024 INVESTMENT INCOME Interest income: Non-control/non-affiliate investments $ 3,699 $ 4,633 Affiliate investments 207 — Total interest income 3,906 4,633 Payment-in-kind interest and dividend income: Non-control/non-affiliate investments 432 336 Affiliate investments 115 17 Total payment-in-kind interest and dividend income 547 353 Dividend income: Affiliate investments 143 17 Total dividend income 143 17 Other income: Non-control/non-affiliate investments 35 — Total other income 35 — Total investment income 4,631 5,003 EXPENSES Interest and financing expenses 1,813 2,007 Base management fee 805 893 Directors’ expense 116 150 Administrative service fees 272 201 General and administrative expenses 697 805 Total expenses 3,703 4,056 NET INVESTMENT INCOME 928 947 REALIZED AND UNREALIZED GAIN (LOSS) ON INVESTMENTS Net realized gain (loss) on investments: Non-control/non-affiliate investments 70 287 Affiliate investments 2,533 — Net realized gain (loss) on investments 2,603 287 Net change in unrealized appreciation (depreciation) on investments: Non-control/non-affiliate investments (5,012 ) (3,904 ) Affiliate investments (3,743 ) 4,579 Net change in unrealized appreciation (depreciation) on investments (8,755 ) 675 Total net realized and change in unrealized gain (loss) on investments (6,152 ) 962 Net realized loss on extinguishment of debt (146 ) (58 ) NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS $ (5,370 ) $ 1,851 NET INCREASE (DECREASE) IN NET ASSETS PER SHARE RESULTING FROM OPERATIONS – BASIC $ (2.02 ) $ 0.69 WEIGHTED AVERAGE COMMON STOCK OUTSTANDING – BASIC 2,655,899 2,678,342 NET INCREASE (DECREASE) IN NET ASSETS PER SHARE RESULTING FROM OPERATIONS – DILUTED $ (2.02 ) $ 0.65 WEIGHTED AVERAGE COMMON STOCK OUTSTANDING – DILUTED 2,655,899 3,195,740 DISTRIBUTIONS PAID PER SHARE $ 0.36 $ 0.32 -
MIL-OSI USA: Senator Gillibrand Statement On The GENIUS Act
US Senate News:
Source: United States Senator for New York Kirsten Gillibrand
Today, U.S. Senator Kirsten Gillibrand issued the following statement on the GENIUS Act:
“I believe it is essential to the future of the U.S. economy and to everyday Americans that we enact strict stablecoin regulations and consumer protections where none currently exist. Over the past few years, I have worked in good faith with Republicans to author robust stablecoin legislation that protects consumers, enables innovation to thrive, and maintains the dominance of the U.S. dollar. The bipartisanship of this effort was on display when the bill passed out of the Banking Committee with strong support from Democrats and Republicans.
However, developments over the past week made it clear that there were a number of outstanding issues that needed to be addressed before this bill could pass the full Senate. I fully support my colleagues’ efforts and applaud Senator Hagerty for his tireless work across the aisle to improve and strengthen this bill.
For as hard as the senators worked, we were unable to have bill text in time before today’s cloture vote. I remain extremely confident and hopeful that very soon we can finish the job.” -
MIL-OSI: Triumph Completes Acquisition of Greenscreens.ai
Source: GlobeNewswire (MIL-OSI)
DALLAS, May 08, 2025 (GLOBE NEWSWIRE) — Triumph Financial, Inc. (Nasdaq: TFIN), a financial and technology company focused on payments, factoring, intelligence and banking solutions for the transportation industry, today announced it has completed its previously announced acquisition of Greenscreens.ai.
Greenscreens.ai is a disrupter in the freight technology market. Its dynamic pricing infrastructure transforms how freight industry participants make real-time pricing decisions by harnessing high-quality data, machine learning and predictive analytics.
“We acquired Greenscreens.ai to change how freight industry participants approach pricing strategy,” said Aaron P. Graft, founder, vice chairman, and chief executive officer of Triumph. “This acquisition allows us to bring to market a powerful alternative to the bundled solutions that have limited customer choice for too long. Backed by the scale, quality and connectivity of data inside the Triumph Network, we’re well positioned to launch best-in-class Intelligence offerings that empower brokers and shippers to transact confidently.”
Triumph’s Intelligence offerings will serve as a foundation for transparent rate discovery, verified performance measurement and optimized RFP bid strategies. By leveraging the veracity of Triumph’s network data, its solutions will deliver customized insights based exclusively on real transaction data—giving brokers and shippers a more precise alternative to legacy tools. Triumph’s Intelligence offerings will simplify decision-making by providing the most actionable rate intelligence in the market.
In conjunction with the close, Dawn Salvucci-Favier, chief executive officer and chief product officer of Greenscreens.ai, has been named President of Triumph’s Intelligence segment. She will lead the integration of Greenscreens.ai and ISO into a unified offering, including the upcoming launch of Triumph’s new rating and performance platform.
“Being part of Triumph gives us the resources and reach to expand the impact of what we’ve built,” said Salvucci-Favier. “Our mission has always been to provide transparent, customizable and actionable intelligence that helps customers make confident decisions. Now, with Triumph’s backing, we can deliver that value at scale, meet the industry’s demand for credible alternatives, and accelerate innovation across the freight ecosystem.”
Under the terms of the agreement, Triumph acquired Greenscreens.ai for $140 million in cash and 256,984 shares of TFIN common stock. J.P. Morgan served as financial advisor and Wachtell, Lipton, Rosen & Katz acted as legal counsel to Triumph in connection with the transaction. DLA Piper acted as legal counsel to Greenscreens.ai in connection with the transaction.
About Triumph
Triumph Financial, Inc. (Nasdaq: TFIN) is a financial holding company focused on payments, factoring, intelligence and banking. Headquartered in Dallas, Texas, its portfolio of brands includes TriumphPay, Triumph, TBK Bank and LoadPay.About Greenscreens.ai
Greenscreens.ai is transforming how the freight industry operates by delivering real-time, dynamic decision support powered by machine learning and quality data. Its platform empowers brokers and shippers to work more efficiently, make informed decisions, and build resilient strategies in a volatile market.Forward-Looking Statements
This press release contains forward-looking statements within the meaning of the federal securities laws. Investors are cautioned that such statements are predictions and that actual events or results may differ materially. Triumph Financial’s expected financial results or other plans are subject to a number of risks and uncertainties. The following factors, among others, could cause actual results and future events to differ materially from those set forth or contemplated in the forward-looking statements: Triumph Financial may be unable to successfully implement integration strategies or to achieve expected synergies and operating efficiencies with Greenscreens.ai within Triumph Financial management’s expected timeframes or at all; and the ability of Triumph Financial or Greenscreens.ai to retain and hire key personnel. For a discussion of risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see “Risk Factors” and the forward-looking statement disclosure contained in the Company’s Annual Report on Form 10-K, filed with the Securities and Exchange Commission on February 11, 2025. Forward-looking statements speak only as of the date made and Triumph Financial undertakes no duty to update the information.Source: Triumph Financial, Inc.
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MIL-OSI: LPL Financial Announces First Quarter 2025 Results
Source: GlobeNewswire (MIL-OSI)
Key Financial Results:
- Net Income was $319 million, translating to diluted earnings per share (“EPS”) of $4.24, up 11% from a year ago
- Adjusted EPS* increased 22% year-over-year to $5.15
- Gross profit* increased 19% year-over-year to $1,273 million
- Core G&A* increased 14% year-over-year to $413 million
- Adjusted pre-tax income* increased 23% year-over-year to $509 million
Key Business Results:
- Total advisory and brokerage assets increased 25% year-over-year to $1.8 trillion
- Advisory assets increased 23% year-over-year to $977 billion
- Advisory assets as a percentage of total assets decreased to 54.5%, down from 55.0% a year ago
- Total organic net new assets were $71 billion, representing 16% annualized growth
- This included $27 billion of assets from Prudential Advisors (“Prudential”) and $16 billion of assets from Wintrust Investments, LLC and certain private client business at Great Lakes Advisors, LLC (collectively, “Wintrust”) that onboarded during the first quarter, as well as $0.7 billion of assets that off-boarded as part of the previously disclosed planned separation from misaligned large OSJs. Prior to these impacts, organic net new assets were $29 billion, translating to a 7% annualized growth rate
- Recruited assets(1)were $39 billion, up 91% from a year ago
- Recruited assets over the trailing twelve months were a record of $167 billion
- Total client cash balances were $53 billion, a decrease of $2 billion sequentially and an increase of $7 billion year-over-year
- Client cash balances as a percentage of total assets were 3.0%, down from 3.2% in the prior quarter and prior year
Key Capital and Liquidity Results:
- Corporate cash(2)was $621 million
- Leverage ratio(3)was 1.82x
- Share repurchases were $100 million and dividends paid were $22.4 million
*See the Non-GAAP Financial Measures section and the endnotes to this release for further details about these non-GAAP financial measures
Key Updates
Large Institutions:
- Prudential: Completed the onboarding of Prudential, with $67 billion of brokerage and advisory assets, of which $27 billion transitioned onto our platform in Q1
- Wintrust: Onboarded Wintrust, with $16 billion of brokerage and advisory assets transitioning onto our platform in Q1
- First Horizon Bank (“First Horizon”): In April 2025, announced a strategic relationship agreement with First Horizon to transition support of the broker-dealer and investment advisory services of First Horizon Advisors, Inc., to LPL’s Institution Services platform, expected to be completed in the second half of 2025. First Horizon supports approximately 110 financial advisors who collectively serve $16 billion of client assets
M&A:
- Commonwealth Financial Network (“Commonwealth”): Announced a definitive purchase agreement to acquire Commonwealth, a privately-held independent wealth management firm headquartered in Massachusetts. Commonwealth supports approximately 3,000 advisors in the U.S., managing $285 billion of brokerage and advisory assets. The Company expects to close the transaction in the second half of 2025, subject to receipt of regulatory approvals and other closing conditions. Conversion is expected to be completed in mid-2026
- Atria Wealth Solutions, Inc. (“Atria”): On-track to complete the conversion in mid-2025
- The Investment Center, Inc. (“The Investment Center”): Closed on the acquisition of The Investment Center, with $7 billion of brokerage and advisory assets
- Liquidity & Succession: Deployed approximately $100 million of capital to close 10 deals in Q1, including one external practice
Capital Management:
- Common Stock Offering: In April 2025, issued $1.7 billion of common stock at a price of $320 per share. Net proceeds from the common stock offering are expected to fund a portion of the cash consideration payable in connection with the acquisition of Commonwealth
- Corporate Debt:
- In February 2025, issued $1.25 billion of senior unsecured notes, including $750 million of 5.200% notes due 2030 and $500 million of 5.650% notes due 2035. Net proceeds from this offering were used to repay outstanding borrowings under the Company’s revolving credit facility
- In April 2025, issued $1.50 billion of senior unsecured notes, including $500 million of 4.900% notes due 2028, $500 million of 5.150% notes due 2030 and $500 million of 5.750% notes due 2035. Net proceeds from this offering are expected to fund a portion of the cash consideration payable in connection with the acquisition of Commonwealth
Core G&A:
- Lowered the upper end of our 2025 Core G&A* outlook range by $15 million, resulting in an updated range of $1,730 million to $1,765 million. This includes $170 million to $180 million related to Prudential and Atria, but is prior to costs associated with Commonwealth
SAN DIEGO, May 08, 2025 (GLOBE NEWSWIRE) — LPL Financial Holdings Inc. (Nasdaq: LPLA) (the “Company”) today announced results for its first quarter ended March 31, 2025, reporting net income of $319 million, or $4.24 per share. This compares with $289 million, or $3.83 per share, in the first quarter of 2024 and $271 million, or $3.59 per share, in the prior quarter.
“It’s been a strong start to the year for LPL,” said Rich Steinmeier, CEO. “We delivered another quarter of strong business performance, reported excellent financial results, and reached an agreement to acquire Commonwealth, significantly accelerating our progress toward our vision to be the best firm in wealth management.”
“In the first quarter, we delivered solid business performance and financial results,” said Matt Audette, President and CFO. “We onboarded Prudential and Wintrust and are preparing to onboard First Horizon later this year. As a complement to our strong organic growth, we closed and onboarded the acquisition of The Investment Center in March, continue to prepare to onboard our Atria advisors, and lastly, entered into an agreement to acquire Commonwealth Financial Network. Looking ahead, our business momentum and financial strength position us well to continue delivering shareholder value.”
Dividend Declaration
The Company’s Board of Directors declared a $0.30 per share dividend to be paid on June 12, 2025 to all stockholders of record as of May 30, 2025.
Conference Call and Additional Information
The Company will hold a conference call to discuss its results at 5:00 p.m. ET on Thursday, May 8, 2025. The conference call will be accessible and available for replay at investor.lpl.com/events.
Contacts
Investor Relations
investor.relations@lplfinancial.comMedia Relations
media.relations@lplfinancial.comAbout LPL Financial
LPL Financial Holdings Inc. (Nasdaq: LPLA) is among the fastest growing wealth management firms in the U.S. As a leader in the financial advisor-mediated marketplace(4), LPL supports over 29,000 financial advisors and the wealth management practices of approximately 1,200 financial institutions, servicing and custodying approximately $1.8 trillion in brokerage and advisory assets on behalf of approximately 7 million Americans. The firm provides a wide range of advisor affiliation models, investment solutions, fintech tools and practice management services, ensuring that advisors and institutions have the flexibility to choose the business model, services, and technology resources they need to run thriving businesses. For further information about LPL, please visit www.lpl.com.
Securities and advisory services offered through LPL Financial LLC (“LPL Financial”) or its affiliate LPL Enterprise, LLC (“LPL Enterprise”), both registered investment advisers and broker-dealers. Members FINRA/SIPC.
Throughout this communication, the terms “financial advisors” and “advisors” are used to refer to registered representatives and/or investment advisor representatives affiliated with LPL Financial or LPL Enterprise.
We routinely disclose information that may be important to shareholders in the “Investor Relations” or “Press Releases” section of our website.
Forward-Looking Statements
This press release contains statements regarding:
- the expected closing of the Company’s acquisition of Commonwealth;
- the use of proceeds from the issuance of common stock and senior notes to fund a portion of the cash consideration payable in connection with the acquisition of Commonwealth;
- the amount and timing of the onboarding of acquired, recruited or transitioned brokerage and advisory assets, including Atria, Commonwealth, First Horizon and The Investment Center;
- the Company’s future financial and operating results, growth, plans, priorities and business strategies, including forecasts and statements related to the Company’s ICA yield, service and fee revenue, transaction revenue, core G&A expense, promotional expense, interest expense and income, depreciation and amortization, leverage ratio (including plans to reduce leverage) and share repurchases; and
- future capabilities, future advisor service experience, future investments and capital deployment, including share repurchase activity and dividends, if any, and long-term shareholder value.
These and any other statements that are not related to present facts or current conditions, or that are not purely historical, constitute forward-looking statements. They reflect the Company’s expectations and objectives as of May 8, 2025 and are not guarantees that expectations or objectives expressed or implied will be achieved. The achievement of such expectations and objectives involves risks and uncertainties that may cause actual results, levels of activity or the timing of events to differ materially from those expressed or implied by forward-looking statements. Important factors that could cause or contribute to such differences include:
- the failure to satisfy the closing conditions applicable to the Company’s purchase agreement with Commonwealth, including regulatory approvals;
- difficulties and delays in onboarding the assets of acquired, recruited or transitioned advisors, including the receipt and timing of regulatory approvals that may be required;
- disruptions in the businesses of the Company and Commonwealth that could make it more difficult to maintain relationships with advisors and their clients;
- the choice by clients of acquired or recruited advisors not to open brokerage and/or advisory accounts at the Company;
- changes in general economic and financial market conditions, including retail investor sentiment;
- changes in interest rates and fees payable by banks participating in the Company’s client cash programs, including the Company’s success in negotiating agreements with current or additional counterparties;
- the Company’s strategy and success in managing client cash program fees;
- fluctuations in the levels of advisory and brokerage assets, including net new assets, and the related impact on revenue;
- effects of competition in the financial services industry and the success of the Company in attracting and retaining financial advisors and institutions, and their ability to provide financial products and services effectively;
- whether retail investors served by newly-recruited advisors choose to move their respective assets to new accounts at the Company;
- changes in the growth and profitability of the Company’s fee-based offerings and asset-based revenues;
- the effect of current, pending and future legislation, regulation and regulatory actions, including disciplinary actions imposed by federal and state regulators and self-regulatory organizations;
- the cost of defending, settling and remediating issues related to regulatory matters or legal proceedings, including civil monetary penalties or actual costs of reimbursing customers for losses in excess of our reserves or insurance;
- changes made to the Company’s services and pricing, including in response to competitive developments and current, pending and future legislation, regulation and regulatory actions, and the effect that such changes may have on the Company’s gross profit streams and costs;
- the execution of the Company’s capital management plans, including its compliance with the terms of the Company’s amended and restated credit agreement, the committed revolving credit facilities of the Company and LPL Financial, and the indentures governing the Company’s senior unsecured notes;
- strategic acquisitions and investments, including pursuant to the Company’s Liquidity & Succession solution, and the effect that such acquisitions and investments may have on the Company’s capital management plans and liquidity;
- the price, availability and trading volumes of shares of the Company’s common stock, which will affect the timing and size of future share repurchases by the Company, if any;
- the execution of the Company’s plans and its success in realizing the synergies, expense savings, service improvements or efficiencies expected to result from its investments, initiatives and acquisitions, expense plans and technology initiatives;
- whether advisors affiliated with Atria, Commonwealth, First Horizon, and The Investment Center will transition registration to the Company and whether assets reported as serviced by such financial advisors will translate into assets of the Company;
- the performance of third-party service providers to which business processes have been transitioned;
- the Company’s ability to control operating risks, information technology systems risks, cybersecurity risks and sourcing risks; and
- the other factors set forth in the Company’s most recent Annual Report on Form 10-K, as may be amended or updated in the Company’s Quarterly Reports on Form 10-Q or other filings with the Securities and Exchange Commission.
Except as required by law, the Company specifically disclaims any obligation to update any forward-looking statements as a result of developments occurring after the date of this earnings release, and you should not rely on statements contained herein as representing the Company’s view as of any date subsequent to the date of this press release.
LPL Financial Holdings Inc.
Condensed Consolidated Statements of Income
(In thousands, except per share data)
(Unaudited)Three Months Ended Three Months Ended March 31, December 31, March 31, 2025 2024 Change 2024 Change REVENUE Advisory $ 1,689,245 $ 1,595,834 6 % $ 1,199,811 41 % Commission: Sales-based 610,038 525,795 16 % 385,235 58 % Trailing 437,719 439,668 — % 361,211 21 % Total commission 1,047,757 965,463 9 % 746,446 40 % Asset-based: Client cash 392,031 378,816 3 % 352,382 11 % Other asset-based 303,210 290,962 4 % 248,339 22 % Total asset-based 695,241 669,778 4 % 600,721 16 % Service and fee 145,199 139,119 4 % 132,172 10 % Transaction 67,864 61,535 10 % 57,258 19 % Interest income, net 43,851 46,680 (6 %) 43,525 1 % Other (19,150 ) 33,942 n/m 52,660 n/m Total revenue 3,670,007 3,512,351 4 % 2,832,593 30 % EXPENSE Advisory and commission 2,353,925 2,250,427 5 % 1,733,487 36 % Compensation and benefits 305,546 321,933 (5 %) 274,369 11 % Promotional 145,645 162,057 (10 %) 126,619 15 % Depreciation and amortization 92,356 92,032 — % 67,158 38 % Interest expense on borrowings 85,862 81,979 5 % 60,082 43 % Occupancy and equipment 77,240 75,538 2 % 66,264 17 % Brokerage, clearing and exchange 44,138 34,789 27 % 30,532 45 % Amortization of other intangibles 43,521 42,614 2 % 29,552 47 % Professional services 36,326 32,055 13 % 13,279 174 % Communications and data processing 19,506 18,772 4 % 19,744 (1 %) Other 48,689 58,874 (17 %) 37,315 30 % Total expense 3,252,754 3,171,070 3 % 2,458,401 32 % INCOME BEFORE PROVISION FOR INCOME TAXES 417,253 341,281 22 % 374,192 12 % PROVISION FOR INCOME TAXES 98,680 70,532 40 % 85,428 16 % NET INCOME $ 318,573 $ 270,749 18 % $ 288,764 10 % EARNINGS PER SHARE Earnings per share, basic $ 4.27 $ 3.62 18 % $ 3.87 10 % Earnings per share, diluted $ 4.24 $ 3.59 18 % $ 3.83 11 % Weighted-average shares outstanding, basic 74,600 74,785 — % 74,562 — % Weighted-average shares outstanding, diluted 75,112 75,337 — % 75,463 — % LPL Financial Holdings Inc.
Condensed Consolidated Statements of Financial Condition
(In thousands, except share data)
(Unaudited)March 31, 2025 December 31, 2024 ASSETS Cash and equivalents $ 1,229,181 $ 967,079 Cash and equivalents segregated under federal or other regulations 1,513,037 1,597,249 Restricted cash 112,458 119,724 Receivables from clients, net 613,766 633,834 Receivables from brokers, dealers and clearing organizations 112,249 76,545 Advisor loans, net 2,468,033 2,281,088 Other receivables, net 939,411 902,777 Investment securities ($122,729 and $42,267 at fair value at March 31, 2025 and December 31, 2024, respectively) 138,007 57,481 Property and equipment, net 1,237,693 1,210,027 Goodwill 2,213,100 2,172,873 Other intangibles, net 1,570,558 1,482,988 Other assets 1,815,729 1,815,739 Total assets $ 13,963,222 $ 13,317,404 LIABILITIES AND STOCKHOLDERS’ EQUITY LIABILITIES: Client payables $ 2,045,285 $ 1,898,665 Payables to brokers, dealers and clearing organizations 252,035 129,228 Accrued advisory and commission expenses payable 303,837 323,996 Corporate debt and other borrowings, net 5,686,678 5,494,724 Accounts payable and accrued liabilities 479,803 588,450 Other liabilities 2,071,801 1,951,739 Total liabilities 10,839,439 10,386,802 STOCKHOLDERS’ EQUITY: Common stock, $0.001 par value; 600,000,000 shares authorized; 131,194,549 shares and 130,914,541 shares issued at March 31, 2025 and December 31, 2024, respectively 131 131 Additional paid-in capital 2,089,155 2,066,268 Treasury stock, at cost — 56,611,181 shares and 56,253,909 shares at March 31, 2025 and December 31, 2024, respectively (4,331,582 ) (4,202,322 ) Retained earnings 5,366,079 5,066,525 Total stockholders’ equity 3,123,783 2,930,602 Total liabilities and stockholders’ equity $ 13,963,222 $ 13,317,404 LPL Financial Holdings Inc.
Management’s Statements of Operations
(In thousands, except per share data)
(Unaudited)Certain information in this release is presented as reviewed by the Company’s management and includes information derived from the Company’s unaudited condensed consolidated statements of income, non-GAAP financial measures and operational and performance metrics. For information on non-GAAP financial measures, please see the section titled “Non-GAAP Financial Measures” in this release.
Quarterly Results Q1 2025 Q4 2024 Change Q1 2024 Change Gross Profit(5) Advisory $ 1,689,245 $ 1,595,834 6 % $ 1,199,811 41 % Trailing commissions 437,719 439,668 — % 361,211 21 % Sales-based commissions 610,038 525,795 16 % 385,235 58 % Advisory fees and commissions 2,737,002 2,561,297 7 % 1,946,257 41 % Production-based payout(6) (2,374,368 ) (2,248,674 ) 6 % (1,686,332 ) 41 % Advisory fees and commissions, net of payout 362,634 312,623 16 % 259,925 40 % Client cash(7) 408,224 397,001 3 % 373,408 9 % Other asset-based(8) 303,210 290,962 4 % 248,339 22 % Service and fee 145,199 139,119 4 % 132,172 10 % Transaction 67,864 61,535 10 % 57,258 19 % Interest income, net(9) 27,637 28,481 (3 %) 22,482 23 % Other revenue(10) 2,023 32,705 (94 %) 3,382 (40 %) Total net advisory fees and commissions and attachment revenue 1,316,791 1,262,426 4 % 1,096,966 20 % Brokerage, clearing and exchange expense (44,138 ) (34,789 ) 27 % (30,532 ) 45 % Gross Profit(5) 1,272,653 1,227,637 4 % 1,066,434 19 % G&A Expense Core G&A(11) 413,069 421,894 (2 %) 363,513 14 % Regulatory charges 6,887 7,335 (6 %) 7,469 (8 %) Promotional (ongoing)(12)(13) 151,932 173,191 (12 %) 132,311 15 % Acquisition costs excluding interest(13) 43,407 37,261 16 % 9,524 n/m Employee share-based compensation 18,366 26,067 (30 %) 22,633 (19 %) Total G&A 633,661 665,748 (5 %) 535,450 18 % Loss on extinguishment of debt — 3,983 (100 %) — — % EBITDA(14) 638,992 557,906 15 % 530,984 20 % Depreciation and amortization 92,356 92,032 — % 67,158 38 % Amortization of other intangibles 43,521 42,614 2 % 29,552 47 % Interest expense on borrowings(15) 80,725 81,979 (2 %) 60,082 34 % Acquisition costs – interest(13) 5,137 — 100 % — 100 % INCOME BEFORE PROVISION FOR INCOME TAXES 417,253 341,281 22 % 374,192 12 % PROVISION FOR INCOME TAXES 98,680 70,532 40 % 85,428 16 % NET INCOME $ 318,573 $ 270,749 18 % $ 288,764 10 % Earnings per share, diluted $ 4.24 $ 3.59 18 % $ 3.83 11 % Weighted-average shares outstanding, diluted 75,112 75,337 — % 75,463 — % Adjusted EBITDA(14) $ 682,399 $ 584,783 17 % $ 540,508 26 % Adjusted pre-tax income(16) $ 509,318 $ 410,772 24 % $ 413,268 23 % Adjusted EPS(17) $ 5.15 $ 4.25 21 % $ 4.21 22 % LPL Financial Holdings Inc.
Operating Metrics
(Dollars in billions, except where noted)
(Unaudited)Q1 2025 Q4 2024 Change Q1 2024 Change Market Drivers S&P 500 Index (end of period) 5,612 5,882 (5%) 5,254 7% Russell 2000 Index (end of period) 2,012 2,230 (10%) 2,125 (5%) Fed Funds daily effective rate (average bps) 433 466 (33bps) 533 (100bps) Advisory and Brokerage Assets(18) Advisory assets $ 977.4 $ 957.0 2% $ 793.0 23% Brokerage assets 817.5 783.7 4% 647.9 26% Total Advisory and Brokerage Assets $ 1,794.9 $ 1,740.7 3% $ 1,440.9 25% Advisory as a % of Total Advisory and Brokerage Assets 54.5 % 55.0 % (50bps) 55.0 % (50bps) Assets by Platform Corporate advisory assets(19) $ 699.1 $ 678.3 3% $ 537.6 30% Independent RIA advisory assets(19) 278.3 278.7 —% 255.4 9% Brokerage assets 817.5 783.7 4% 647.9 26% Total Advisory and Brokerage Assets $ 1,794.9 $ 1,740.7 3% $ 1,440.9 25% Centrally Managed Assets Centrally managed assets(20) $ 164.4 $ 160.0 3% $ 121.7 35% Centrally Managed as a % of Total Advisory Assets 16.8 % 16.7 % 10bps 15.3 % 150bps LPL Financial Holdings Inc.
Operating Metrics
(Dollars in billions, except where noted)
(Unaudited)Q1 2025 Q4 2024 Change Q1 2024 Change Organic Net New Assets (NNA)(21) Organic net new advisory assets $ 35.7 $ 49.3 n/m $ 16.2 n/m Organic net new brokerage assets 35.2 18.8 n/m 0.5 n/m Total Organic Net New Assets $ 70.9 $ 68.0 n/m $ 16.7 n/m Acquired Net New Assets(21) Acquired net new advisory assets $ 1.9 $ 21.8 n/m $ — n/m Acquired net new brokerage assets 6.0 67.5 n/m — n/m Total Acquired Net New Assets $ 7.9 $ 89.3 n/m $ — n/m Total Net New Assets(21) Net new advisory assets $ 37.6 $ 71.1 n/m $ 16.2 n/m Net new brokerage assets 41.2 86.2 n/m 0.5 n/m Total Net New Assets $ 78.8 $ 157.3 n/m $ 16.7 n/m Net brokerage to advisory conversions(22) $ 5.9 $ 4.8 n/m $ 3.6 n/m Organic advisory NNA annualized growth(23) 14.9 % 22.1 % n/m 8.8 % n/m Total organic NNA annualized growth(23) 16.3 % 17.1 % n/m 4.9 % n/m Net New Advisory Assets(21) Corporate RIA net new advisory assets $ 31.7 $ 64.5 n/m $ 13.9 n/m Independent RIA net new advisory assets 5.9 6.6 n/m 2.3 n/m Total Net New Advisory Assets $ 37.6 $ 71.1 n/m $ 16.2 n/m Centrally managed net new advisory assets(21) $ 6.5 $ 24.9 n/m $ 3.6 n/m Net buy (sell) activity(24) $ 42.0 $ 38.3 n/m $ 37.8 n/m Note: Totals may not foot due to rounding.
LPL Financial Holdings Inc.
Client Cash Data
(Dollars in thousands, except where noted)
(Unaudited)Q1 2025 Q4 2024 Change Q1 2024 Change Client Cash Balances (in billions)(25) Insured cash account sweep $ 36.1 $ 38.3 (6%) $ 32.6 11% Deposit cash account sweep 10.7 10.7 —% 9.2 16% Total Bank Sweep 46.8 49.0 (4%) 41.8 12% Money market sweep 4.3 4.3 —% 2.4 79% Total Client Cash Sweep Held by Third Parties 51.1 53.3 (4%) 44.2 16% Client cash account (CCA) 1.9 1.8 6% 2.1 (10%) Total Client Cash Balances $ 53.1 $ 55.1 (4%) $ 46.3 15% Client Cash Balances as a % of Total Assets 3.0 % 3.2 % (20bps) 3.2 % (20bps) Note: Totals may not foot due to rounding.
Three Months Ended March 31, 2025 December 31, 2024 March 31, 2024 Interest-Earnings Assets Average Balance
(in billions)Revenue Net Yield (bps)(26) Average Balance
(in billions)Revenue Net Yield (bps)(26) Average Balance
(in billions)Revenue Net Yield (bps)(26) Insured cash account sweep $ 36.0 $ 299,618 337 $ 34.8 $ 292,661 335 $ 33.2 $ 266,792 323 Deposit cash account sweep 10.2 89,728 356 9.8 83,879 340 8.9 83,978 378 Total Bank Sweep 46.2 389,346 341 44.6 376,540 336 42.1 350,770 335 Money market sweep 4.1 2,685 26 3.3 2,277 28 2.3 1,612 28 Total Client Cash Held By Third Parties 50.4 392,031 316 47.9 378,817 315 44.4 352,382 319 Client cash account (CCA) 1.8 16,193 368 1.8 18,184 407 1.8 21,026 467 Total Client Cash 52.2 408,224 317 49.7 397,001 318 46.2 373,408 325 Margin receivables 0.6 11,444 789 0.6 11,506 829 0.5 10,249 890 Other interest revenue 1.3 16,193 512 1.3 16,975 524 0.9 12,233 535 Total Client Cash and Interest Income, Net $ 54.0 $ 435,861 327 $ 51.6 $ 425,482 329 $ 47.6 $ 395,890 334 Note: Totals may not foot due to rounding.
LPL Financial Holdings Inc.
Monthly Metrics
(Dollars in billions, except where noted)
(Unaudited)March 2025 February 2025 Change January 2025 December 2024 Advisory and Brokerage Assets(18) Advisory assets $ 977.4 $ 995.0 (2%) $ 992.4 $ 957.0 Brokerage assets 817.5 828.2 (1%) 819.4 783.7 Total Advisory and Brokerage Assets $ 1,794.9 $ 1,823.1 (2%) $ 1,811.8 $ 1,740.7 Organic Net New Assets (NNA)(21) Organic net new advisory assets $ 12.7 $ 9.6 n/m $ 13.4 $ 12.5 Organic net new brokerage assets 0.5 14.1 n/m 20.5 12.9 Total Organic Net New Assets $ 13.1 $ 23.8 n/m $ 34.0 $ 25.5 Acquired Net New Assets(21) Acquired net new advisory assets $ 1.8 $ — n/m $ 0.1 $ — Acquired net new brokerage assets 5.3 0.7 n/m — $ 0.2 Total Acquired Net New Assets $ 7.1 $ 0.7 n/m $ 0.1 $ 0.3 Total Net New Assets(21) Net new advisory assets $ 14.5 $ 9.6 n/m $ 13.5 $ 12.6 Net new brokerage assets 5.8 14.8 n/m 20.6 13.2 Total Net New Assets $ 20.2 $ 24.5 n/m $ 34.1 $ 25.8 Net brokerage to advisory conversions(22) $ 1.9 $ 1.9 n/m $ 2.1 $ 2.0 Client Cash Balances(25) Insured cash account sweep $ 36.1 $ 35.6 1% $ 36.2 $ 38.3 Deposit cash account sweep 10.7 10.2 5% 10.0 10.7 Total Bank Sweep 46.8 45.8 2% 46.3 49.0 Money market sweep 4.3 4.0 8% 4.1 4.3 Total Client Cash Sweep Held by Third Parties 51.1 49.8 3% 50.4 53.3 Client cash account (CCA) 1.9 1.5 27% 1.8 1.8 Total Client Cash Balances $ 53.1 $ 51.3 4% $ 52.2 $ 55.1 Net buy (sell) activity(24) $ 13.2 $ 14.3 n/m $ 14.5 $ 13.5 Market Drivers S&P 500 Index (end of period) 5,612 5,955 (6%) 6,041 5,882 Russell 2000 Index (end of period) 2,012 2,163 (7%) 2,288 2,230 Fed Funds effective rate (average bps) 433 433 —bps 433 448 Note: Totals may not foot due to rounding.
LPL Financial Holdings Inc.
Financial Measures
(Dollars in thousands, except where noted)
(Unaudited)Q1 2025 Q4 2024 Change Q1 2024 Change Commission Revenue by Product Annuities $ 615,594 $ 561,918 10% $ 436,473 41% Mutual funds 233,895 232,529 1% 186,540 25% Fixed income 61,553 59,332 4% 48,641 27% Equities 49,074 45,829 7% 35,451 38% Other 87,641 65,855 33% 39,341 123% Total commission revenue $ 1,047,757 $ 965,463 9% $ 746,446 40% Commission Revenue by Sales-based and Trailing Sales-based commissions Annuities $ 365,767 $ 314,591 16% $ 229,077 60% Mutual funds 55,607 52,908 5% 43,496 28% Fixed income 61,553 59,332 4% 48,641 27% Equities 49,074 45,829 7% 35,451 38% Other 78,037 53,135 47% 28,570 173% Total sales-based commissions $ 610,038 $ 525,795 16% $ 385,235 58% Trailing commissions Annuities $ 249,827 $ 247,327 1% $ 207,396 20% Mutual funds 178,288 179,621 (1%) 143,044 25% Other 9,604 12,720 (24%) 10,771 (11%) Total trailing commissions $ 437,719 $ 439,668 —% $ 361,211 21% Total commission revenue $ 1,047,757 $ 965,463 9% $ 746,446 40% Payout Rate(6) 86.75 % 87.79 % (104bps) 86.64 % 11bps LPL Financial Holdings Inc.
Capital Management Measures
(Dollars in thousands, except where noted)
(Unaudited)Q1 2025 Q4 2024 Cash and equivalents $ 1,229,181 $ 967,079 Cash at regulated subsidiaries (1,085,459 ) (884,779 ) Excess cash at regulated subsidiaries per the Credit Agreement 476,908 397,138 Corporate Cash(2) $ 620,630 $ 479,438 Corporate Cash(2) Cash at LPL Holdings, Inc. $ 104,080 $ 39,782 Excess cash at regulated subsidiaries per the Credit Agreement 476,908 397,138 Cash at non-regulated subsidiaries 39,642 42,518 Corporate Cash $ 620,630 $ 479,438 Leverage Ratio Total debt $ 5,720,000 $ 5,517,000 Total corporate cash 620,630 479,438 Credit Agreement Net Debt $ 5,099,370 $ 5,037,562 Credit Agreement EBITDA (trailing twelve months)(27) $ 2,797,285 $ 2,665,033 Leverage Ratio 1.82x 1.89x March 31, 2025 Total Debt Balance Current Applicable
MarginInterest Rate Maturity Revolving Credit Facility(a) $ — ABR+37.5 bps / SOFR+147.5 bps 5.794 % 5/20/2029 Broker-Dealer Revolving Credit Facility — SOFR+135 bps 5.760 % 5/19/2025 Senior Unsecured Term Loan A 1,020,000 SOFR+147.5 bps(b) 5.798 % 12/5/2026 Senior Unsecured Notes 500,000 5.700% Fixed 5.700 % 5/20/2027 Senior Unsecured Notes 400,000 4.625% Fixed 4.625 % 11/15/2027 Senior Unsecured Notes 750,000 6.750% Fixed 6.750 % 11/17/2028 Senior Unsecured Notes 900,000 4.000% Fixed 4.000 % 3/15/2029 Senior Unsecured Notes 750,000 5.200% Fixed 5.200 % 3/15/2030 Senior Unsecured Notes 400,000 4.375% Fixed 4.375 % 5/15/2031 Senior Unsecured Notes 500,000 6.000% Fixed 6.000 % 5/20/2034 Senior Unsecured Notes 500,000 5.650% Fixed 5.650 % 3/15/2035 Total / Weighted Average $ 5,720,000 5.376 % (a) Unsecured borrowing capacity of $2.25 billion at LPL Holdings, Inc.
(b) The SOFR rate option is a one-month SOFR rate and subject to an interest rate floor of 0 bps.LPL Financial Holdings Inc.
Key Business and Financial Metrics
(Dollars in thousands, except where noted)
(Unaudited)Q1 2025 Q4 2024 Change Q1 2024 Change Business Metrics Advisors 29,493 28,888 2% 22,884 29% Net new advisors 605 5,202 (88%) 224 170% Annualized advisory fees and commissions per advisor(28) $ 375 $ 390 (4%) $ 342 10% Average total assets per advisor ($ in millions)(29) $ 60.9 $ 60.3 1% $ 63.0 (3%) Transition assistance loan amortization ($ in millions)(30) $ 81.8 $ 76.3 7% $ 58.3 40% Total client accounts (in millions) 10.4 10.0 4% 8.4 24% Recruited AUM ($ in billions) 38.6 78.7 (51%) 20.2 91% Employees(31) 9,118 9,051 1% 8,252 10% AUM retention rate (quarterly annualized)(32) 98.2 % 97.3 % 90bps 97.4 % 80bps Capital Management Capital expenditures ($ in millions)(33) $ 119.5 $ 165.5 (28%) $ 121.0 (1%) Acquisitions, net ($ in millions)(34) $ 95.1 $ 847.9 (89%) $ 10.2 n/m Share repurchases ($ in millions) $ 100.0 $ 100.0 —% $ 70.0 43% Dividends ($ in millions) 22.4 22.5 —% 22.4 —% Total Capital Returned ($ in millions) $ 122.4 $ 122.5 —% $ 92.4 32% Non-GAAP Financial Measures
Management believes that presenting certain non-GAAP financial measures by excluding or including certain items can be helpful to investors and analysts who may wish to use this information to analyze the Company’s current performance, prospects and valuation. Management uses this non-GAAP information internally to evaluate operating performance and in formulating the budget for future periods. Management believes that the non-GAAP financial measures and metrics discussed below are appropriate for evaluating the performance of the Company.
Adjusted EPS and Adjusted net income
Adjusted EPS is defined as adjusted net income, a non-GAAP measure defined as net income plus the after-tax impact of amortization of other intangibles, acquisition costs, losses on extinguishment of debt, and amounts related to the departure of the Company’s former Chief Executive Officer, divided by the weighted average number of diluted shares outstanding for the applicable period. The Company presents adjusted net income and adjusted EPS because management believes that these metrics can provide investors with useful insight into the Company’s core operating performance by excluding non-cash items, acquisition costs, and certain other charges that management does not believe impact the Company’s ongoing operations. Adjusted net income and adjusted EPS are not measures of the Company’s financial performance under GAAP and should not be considered as alternatives to net income, earnings per diluted share or any other performance measure derived in accordance with GAAP. For a reconciliation of net income and earnings per diluted share to adjusted net income and adjusted EPS, please see the endnote disclosures in this release.
Gross profit
Gross profit is calculated as total revenue less advisory and commission expense; brokerage, clearing and exchange expense; and market fluctuations on employee deferred compensation. All other expense categories, including depreciation and amortization of property and equipment and amortization of other intangibles, are considered general and administrative in nature. Because the Company’s gross profit amounts do not include any depreciation and amortization expense, the Company considers gross profit to be a non-GAAP financial measure that may not be comparable to similar measures used by others in its industry. Management believes that gross profit can provide investors with useful insight into the Company’s core operating performance before indirect costs that are general and administrative in nature. For a calculation of gross profit, please see the endnote disclosures in this release.
Core G&A
Core G&A consists of total expense less the following expenses: advisory and commission; depreciation and amortization; interest expense on borrowings; brokerage, clearing and exchange; amortization of other intangibles; market fluctuations on employee deferred compensation; losses on extinguishment of debt; promotional (ongoing); employee share-based compensation; regulatory charges; and acquisition costs. Management presents core G&A because it believes core G&A reflects the corporate expense categories over which management can generally exercise a measure of control, compared with expense items over which management either cannot exercise control, such as advisory and commission, or which management views as promotional expense necessary to support advisor growth and retention, including conferences and transition assistance. Core G&A is not a measure of the Company’s total expense as calculated in accordance with GAAP. For a reconciliation of the Company’s total expense to core G&A, please see the endnote disclosures in this release. The Company does not provide an outlook for its total expense because it contains expense components, such as advisory and commission, that are market-driven and over which the Company cannot exercise control. Accordingly, a reconciliation of the Company’s outlook for total expense to an outlook for core G&A cannot be made available without unreasonable effort.
EBITDA and Adjusted EBITDA
EBITDA is defined as net income plus interest expense on borrowings, provision for income taxes, depreciation and amortization, and amortization of other intangibles. Adjusted EBITDA is defined as EBITDA, a non-GAAP measure, plus acquisition costs, amounts related to the departure of the Company’s former Chief Executive Officer, and losses on extinguishment of debt. The Company presents EBITDA and adjusted EBITDA because management believes that they can be useful financial metrics in understanding the Company’s earnings from operations. EBITDA and adjusted EBITDA are not measures of the Company’s financial performance under GAAP and should not be considered as alternatives to net income or any other performance measure derived in accordance with GAAP. For a reconciliation of net income to EBITDA and adjusted EBITDA, please see the endnote disclosures in this release.
Adjusted pre-tax income
Adjusted pre-tax income is defined as income before provision for income taxes plus amortization of other intangibles, acquisition costs, amounts related to the departure of the Company’s former Chief Executive Officer, and losses on extinguishment of debt. The Company presents adjusted pre-tax income because management believes that it can provide investors with useful insight into the Company’s core operating performance by excluding non-cash items, acquisition costs, and certain other charges that management does not believe impact the Company’s ongoing operations. Adjusted pre-tax income is not a measure of the Company’s financial performance under GAAP and should not be considered as an alternative to income before provision for income taxes or any other performance measure derived in accordance with GAAP. For a reconciliation of income before provision for income taxes to adjusted pre-tax income, please see the endnote disclosures in this release.
Credit Agreement EBITDA
Credit Agreement EBITDA is defined in, and calculated by management in accordance with, the Company’s amended and restated credit agreement (“Credit Agreement”) as “Consolidated EBITDA,” which is Consolidated Net Income (as defined in the Credit Agreement) plus interest expense on borrowings, provision for income taxes, depreciation and amortization, and amortization of other intangibles, and is further adjusted to exclude certain non-cash charges and other adjustments, and to include future expected cost savings, operating expense reductions or other synergies from certain transactions. The Company presents Credit Agreement EBITDA because management believes that it can be a useful financial metric in understanding the Company’s debt capacity and covenant compliance under its Credit Agreement. Credit Agreement EBITDA is not a measure of the Company’s financial performance under GAAP and should not be considered as an alternative to net income or any other performance measure derived in accordance with GAAP. For a reconciliation of net income to Credit Agreement EBITDA, please see the endnote disclosures in this release.
Endnote Disclosures
(1) Represents the estimated total advisory and brokerage assets expected to transition to the Company’s primary broker-dealer subsidiary, LPL Financial, in connection with advisors who transferred their licenses to LPL Financial during the period. The estimate is based on prior business reported by the advisors, which has not been independently and fully verified by LPL Financial. The actual transition of assets to LPL Financial generally occurs over several quarters and the actual amount transitioned may vary from the estimate. (2) Corporate cash, a component of cash and equivalents, is the sum of cash and equivalents from the following: (1) cash and equivalents held at LPL Holdings, Inc., (2) cash and equivalents held at regulated subsidiaries as defined by the Company’s Credit Agreement, which include LPL Financial, LPL Enterprise, LLC, The Private Trust Company, N.A. and certain of Atria’s introducing broker-dealer subsidiaries, in excess of the capital requirements of the Company’s Credit Agreement and (3) cash and equivalents held at non-regulated subsidiaries. (3) Compliance with the Leverage Ratio is only required under the Company’s revolving credit facility. (4) The Company was named a Top RIA custodian (Cerulli Associates, 2024 U.S. RIA Marketplace Report); No. 1 Independent Broker-Dealer in the U.S. (based on total revenues, Financial Planning magazine 1996-2022); and, among third-party providers of brokerage services to banks and credit unions, No. 1 in AUM Growth from Financial Institutions; No. 1 in Market Share of AUM from Financial Institutions; No. 1 in Market Share of Revenue from Financial Institutions; No. 1 on Financial Institution Market Share; No. 1 on Share of Advisors (2021-2022 Kehrer Bielan Research and Consulting Annual TPM Report). Fortune 500 as of June 2021. (5) Gross profit is a non-GAAP financial measure. Please see a description of gross profit under the “Non-GAAP Financial Measures” section of this release for additional information. Below is a calculation of gross profit for the periods presented (in thousands): Q1 2025 Q4 2024 Q1 2024 Total revenue(a) $ 3,670,007 $ 3,512,351 $ 2,832,593 Advisory and commission expense 2,353,925 2,250,427 1,733,487 Brokerage, clearing and exchange expense 44,138 34,789 30,532 Employee deferred compensation (709 ) (502 ) 2,140 Gross profit(a) $ 1,272,653 $ 1,227,637 $ 1,066,434 (a) The departure of the Company’s former Chief Executive Officer resulted in other income of $26.4 million during the three months ended December 31, 2024 related to the clawback of share-based compensation awards. (6) Production-based payout is a financial measure calculated as advisory and commission expense plus (less) advisor deferred compensation. The payout rate is calculated by dividing the production-based payout by total advisory and commission revenue. Below is a reconciliation of the Company’s advisory and commission expense to the production-based payout and a calculation of the payout rate for the periods presented (in thousands, except payout rate): Q1 2025 Q4 2024 Q1 2024 Advisory and commission expense $ 2,353,925 $ 2,250,427 $ 1,733,487 Plus (Less): Advisor deferred compensation 20,443 (1,753 ) (47,155 ) Production-based payout $ 2,374,368 $ 2,248,674 $ 1,686,332 Advisory and commission revenue $ 2,737,002 $ 2,561,297 $ 1,946,257 Payout rate 86.75 % 87.79 % 86.64 % (7) Below is a reconciliation of client cash revenue per Management’s Statements of Operations to client cash revenue, a component of asset-based revenue, on the Company’s condensed consolidated statements of income for the periods presented (in thousands): Q1 2025 Q4 2024 Q1 2024 Client cash on Management’s Statement of Operations $ 408,224 $ 397,001 $ 373,408 Interest income on CCA balances segregated under federal or other regulations(9) (16,193 ) (18,185 ) (21,026 ) Client cash on Condensed Consolidated Statements of Income $ 392,031 $ 378,816 $ 352,382 (8) Consists of revenue from the Company’s sponsorship programs with financial product manufacturers, omnibus processing and networking services but does not include fees from client cash programs. (9) Below is a reconciliation of interest income, net per Management’s Statements of Operations to interest income, net on the Company’s condensed consolidated statements of income for the periods presented (in thousands): Q1 2025 Q4 2024 Q1 2024 Interest income, net on Management’s Statement of Operations $ 27,637 $ 28,481 $ 22,482 Interest income on CCA balances segregated under federal or other regulations(7) 16,193 18,185 21,026 Interest income on deferred compensation 21 14 17 Interest income, net on Condensed Consolidated Statements of Income $ 43,851 $ 46,680 $ 43,525 (10) Below is a reconciliation of other revenue per Management’s Statements of Operations to other revenue on the Company’s condensed consolidated statements of income for the periods presented (in thousands): Q1 2025 Q4 2024 Q1 2024 Other revenue on Management’s Statement of Operations(a) $ 2,023 $ 32,705 $ 3.382 Interest income on deferred compensation (21 ) (14 ) (17 ) Deferred compensation (21,152 ) 1,251 49,295 Other revenue on Condensed Consolidated Statements of Income $ (19,150 ) $ 33,942 $ 52,660 (a) The departure of the Company’s former Chief Executive Officer resulted in other income of $26.4 million during the three months ended December 31, 2024 related to the clawback of share-based compensation awards. (11) Core G&A is a non-GAAP financial measure. Please see a description of core G&A under the “Non-GAAP Financial Measures” section of this release for additional information. Below is a reconciliation of the Company’s total expense to core G&A for the periods presented (in thousands): Q1 2025 Q4 2024 Q1 2024 Core G&A Reconciliation Total expense $ 3,252,754 $ 3,171,070 $ 2,458,401 Advisory and commission (2,353,925 ) (2,250,427 ) (1,733,487 ) Depreciation and amortization (92,356 ) (92,032 ) (67,158 ) Interest expense on borrowings(15) (85,862 ) (81,979 ) (60,082 ) Brokerage, clearing and exchange (44,138 ) (34,789 ) (30,532 ) Amortization of other intangibles (43,521 ) (42,614 ) (29,552 ) Employee deferred compensation 709 502 (2,140 ) Loss on extinguishment of debt — (3,983 ) (— ) Total G&A 633,661 665,748 535,450 Promotional (ongoing)(12)(13) (151,932 ) (173,191 ) (132,311 ) Acquisition costs excluding interest(13) (43,407 ) (37,261 ) (9,524 ) Employee share-based compensation (18,366 ) (26,067 ) (22,633 ) Regulatory charges (6,887 ) (7,335 ) (7,469 ) Core G&A $ 413,069 $ 421,894 $ 363,513 (12) Promotional (ongoing) includes $14.8 million, $13.4 million and $8.0 million for the three months ended March 31, 2025, December 31, 2024 and March 31, 2024, respectively, of support costs related to full-time employees that are classified within Compensation and benefits expense in the condensed consolidated statements of income and excludes costs that have been incurred as part of acquisitions that have been classified within acquisition costs. (13) Acquisition costs include the costs to setup, onboard and integrate acquired entities and other costs that were incurred as a result of the acquisitions. The below table summarizes the primary components of acquisition costs for the periods presented (in thousands): Q1 2025 Q4 2024 Q1 2024 Acquisition costs Fair value mark on contingent consideration(35) $ 6,594 $ 11,249 $ — Compensation and benefits 17,417 15,950 3,850 Professional services 6,145 7,357 3,246 Promotional(12) 8,538 2,235 2,268 Interest(15) 5,137 — — Other 4,713 470 160 Acquisition costs $ 48,544 $ 37,261 $ 9,524 (14) EBITDA and adjusted EBITDA are non-GAAP financial measures. Please see a description of EBITDA and adjusted EBITDA under the “Non-GAAP Financial Measures” section of this release for additional information. Below is a reconciliation of net income to EBITDA and adjusted EBITDA for the periods presented (in thousands): Q1 2025 Q4 2024 Q1 2024 EBITDA and adjusted EBITDA Reconciliation Net income $ 318,573 $ 270,749 $ 288,764 Interest expense on borrowings(15) 85,862 81,979 60,082 Provision for income taxes 98,680 70,532 85,428 Depreciation and amortization 92,356 92,032 67,158 Amortization of other intangibles 43,521 42,614 29,552 EBITDA $ 638,992 $ 557,906 $ 530,984 Acquisition costs excluding interest(13) 43,407 37,261 9,524 Departure of former Chief Executive Officer(a) — (14,367 ) — Loss on extinguishment of debt — 3,983 — Adjusted EBITDA $ 682,399 $ 584,783 $ 540,508 (a) The departure of the Company’s former Chief Executive Officer resulted in other income of $26.4 million during the three months ended December 31, 2024 related to the clawback of share-based compensation awards which was offset by share-based compensation expense of $12.0 million related to the modification of certain stock options that were retained as per the settlement agreement that the Company reached with the former Chief Executive Officer. (15) Below is a reconciliation of interest expense on borrowings per Management’s Statements of Operations to interest expense on borrowings on the Company’s condensed consolidated statements of income for the periods presented (in thousands): Q1 2025 Q4 2024 Q1 2024 Interest expense on borrowings on Management’s Statement of Operations $ 80,725 $ 81,979 $ 60,082 Cost of debt issuance related to Commonwealth acquisition(13) 5,137 — — Interest expense on borrowings on Condensed Consolidated Statements of Income $ 85,862 $ 81,979 $ 60,082 (16) Adjusted pre-tax income is a non-GAAP financial measure. Please see a description of adjusted pre-tax income under the “Non-GAAP Financial Measures” section of this release for additional information. Below is a reconciliation of income before provision for income taxes to adjusted pre-tax income for the periods presented (in thousands): Q1 2025 Q4 2024 Q1 2024 Income before provision for income taxes $ 417,253 $ 341,281 $ 374,192 Amortization of other intangibles 43,521 42,614 29,552 Acquisition costs(13) 48,544 37,261 9,524 Departure of former Chief Executive Officer(a) — (14,367 ) — Loss on extinguishment of debt — 3,983 — Adjusted pre-tax income $ 509,318 $ 410,772 $ 413,268 (a) The departure of the Company’s former Chief Executive Officer resulted in other income of $26.4 million during the three months ended December 31, 2024 related to the clawback of share-based compensation awards which was offset by share-based compensation expense of $12.0 million related to the modification of certain stock options that were retained as per the settlement agreement that the Company reached with the former Chief Executive Officer. (17) Adjusted net income and adjusted EPS are non-GAAP financial measures. Please see a description of adjusted net income and adjusted EPS under the “Non-GAAP Financial Measures” section of this release for additional information. Below is a reconciliation of net income and earnings per diluted share to adjusted net income and adjusted EPS for the periods presented (in thousands, except per share data): Q1 2025 Q4 2024 Q1 2024 Amount Per Share Amount Per Share Amount Per Share Net income / earnings per diluted share $ 318,573 $ 4.24 $ 270,749 $ 3.59 $ 288,764 $ 3.83 Amortization of other intangibles 43,521 0.58 42,614 0.57 29,552 0.39 Acquisition costs(13) 48,544 0.65 37,261 0.49 9,524 0.13 Departure of former Chief Executive Officer(a) — — (14,367 ) (0.19 ) — — Loss on extinguishment of debt — — 3,983 0.05 — — Tax benefit (23,937 ) (0.32 ) (19,978 ) (0.27 ) (10,340 ) (0.14 ) Adjusted net income / adjusted EPS $ 386,701 $ 5.15 $ 320,262 $ 4.25 $ 317,500 $ 4.21 Diluted share count 75,112 75,337 75,463 Note: Totals may not foot due to rounding. (a) The departure of the Company’s former Chief Executive Officer resulted in other income of $26.4 million during the three months ended December 31, 2024 related to the clawback of share-based compensation awards which was offset by share-based compensation expense of $12.0 million related to the modification of certain stock options that were retained as per the settlement agreement that the Company reached with the former Chief Executive Officer. (18) Consists of total advisory and brokerage assets under custody at the Company’s primary broker-dealer subsidiary, LPL Financial, as well as assets under custody of a third-party custodian related to Atria’s seven introducing broker-dealer subsidiaries. (19) Assets on the Company’s corporate advisory platform are serviced by investment advisor representatives of LPL Financial. Assets on the Company’s independent RIA advisory platform are serviced by investment advisor representatives of separate registered investment advisor firms rather than representatives of LPL Financial. (20) Consists of advisory assets in LPL Financial’s Model Wealth Portfolios, Optimum Market Portfolios, Personal Wealth Portfolios and Guided Wealth Portfolios platforms. (21) Consists of total client deposits into advisory or brokerage accounts less total client withdrawals from advisory or brokerage accounts, plus dividends, plus interest, minus advisory fees. The Company considers conversions from and to brokerage or advisory accounts as deposits and withdrawals, respectively. (22) Consists of existing custodied assets that converted from brokerage to advisory, less existing custodied assets that converted from advisory to brokerage. (23) Calculated as annualized current period organic net new assets divided by preceding period assets in their respective categories of advisory assets or total advisory and brokerage assets. (24) Represents the amount of securities purchased less the amount of securities sold in client accounts custodied with LPL Financial. (25) Client cash balances include CCA and exclude purchased money market funds. CCA balances include cash that clients have deposited with LPL Financial that is included in Client payables in the condensed consolidated balance sheets. The following table presents purchased money market funds for the periods presented (in billions): Q1 2025 Q4 2024 Q1 2024 Purchased money market funds $ 44.7 $ 41.0 $ 32.6 (26) Calculated by dividing revenue for the period by the average balance during the period. (27) EBITDA and Credit Agreement EBITDA are non-GAAP financial measures. Please see a description of EBITDA and Credit Agreement EBITDA under the “Non-GAAP Financial Measures” section of this release for additional information. Under the Credit Agreement, management calculates Credit Agreement EBITDA for a trailing twelve month period at the end of each fiscal quarter and in doing so may make further adjustments to prior quarters. Below are reconciliations of trailing twelve month net income to trailing twelve month EBITDA and Credit Agreement EBITDA for the periods presented (in thousands): Q1 2025 Q4 2024 EBITDA and Credit Agreement EBITDA Reconciliations Net income $ 1,088,425 $ 1,058,616 Interest expense on borrowings 299,961 274,181 Provision for income taxes 347,528 334,276 Depreciation and amortization 333,725 308,527 Amortization of other intangibles 149,203 135,234 EBITDA $ 2,218,842 $ 2,110,834 Credit Agreement Adjustments: Acquisition costs and other(13)(36) $ 249,870 $ 223,614 Employee share-based compensation 84,690 88,957 M&A accretion(37) 237,160 235,048 Advisor share-based compensation 2,740 2,597 Loss on extinguishment of debt 3,983 3,983 Credit Agreement EBITDA $ 2,797,285 $ 2,665,033 (28) Calculated based on the average advisor count from the current period and prior periods. (29) Calculated based on the end of period total advisory and brokerage assets divided by end of period advisor count. (30) Represents amortization expense on forgivable loans for transition assistance to advisors and institutions. (31) During the first quarter of 2025, the Company updated its reporting of employees to include all full-time employees, including those reflected in Core G&A, promotional (ongoing) and advisory and commission expense. Prior period disclosures have been updated to reflect this change as applicable. (32) Reflects retention of total advisory and brokerage assets, calculated by deducting quarterly annualized attrition from total advisory and brokerage assets, divided by the prior quarter total advisory and brokerage assets. (33) Capital expenditures represent cash payments for property and equipment during the period. (34) Acquisitions, net represent cash paid for acquisitions, net of cash acquired during the period. Acquisitions, net for the three months ended March 31, 2025 excludes $70.2 million related to The Investment Center, which was prefunded on October 1, 2024 in conjunction with the close of the Atria acquisition, as well as cash inflows associated with working capital and other post-closing adjustments. (35) Represents a fair value adjustment to our contingent consideration liabilities that is reflected in other expense in the condensed consolidated statements of income. (36) Acquisition costs and other primarily include acquisition costs related to Atria, costs incurred related to the integration of the strategic relationship with Prudential, a $26.4 million reduction related to the departure of the Company’s former Chief Executive Officer and related clawback of share-based compensation awards, and an $18.0 million regulatory charge recognized during the three months ended September 30, 2024 reflecting the amount of a penalty proposed by the SEC as part of its civil investigation of the Company’s compliance with certain elements of the Company’s AML compliance program. (37) M&A accretion is an adjustment to reflect the annualized expected run rate EBITDA of an acquisition as permitted by the Credit Agreement for up to eight fiscal quarters following the close of such acquisition. -
MIL-OSI: Magnite to Participate in Upcoming Financial Conferences
Source: GlobeNewswire (MIL-OSI)
NEW YORK, May 08, 2025 (GLOBE NEWSWIRE) — Magnite (Nasdaq: MGNI), the largest independent sell-side advertising company, today announced that members of its executive team will participate and host in-person investor meetings at the following financial conferences:
- 20th Annual Needham Technology, Media and Consumer Conference in New York City on Tuesday, May 13 – company management will participate in a fireside chat at 10:15 a.m. ET.
- B. Riley Securities 25th Annual Investor Conference in Marina del Rey on Wednesday, May 21, and Thursday, May 22.
- Craig-Hallum 22nd Annual Institutional Investor Conference in Minneapolis on Wednesday, May 28.
- Evercore ISI 4th Annual Nothing But Net Internet Investors Summit in New York City on Wednesday, May 28.
- Bank of America Global Technology Conference in San Francisco on Tuesday, June 3 – company management will participate in a fireside chat at 2:40 p.m. PT.
- Wolfe Research Small and Mid-Cap Conference in New York City on Thursday, June 5.
- Rosenblatt 5th Annual Technology Summit – company management will participate in a virtual fireside chat on Tuesday, June 10 at 9:00 a.m. ET
Live webcasts of the Needham and Bank of America fireside chats will be available in the “Events & Presentations” section of Magnite’s investor relations website at: https://investor.magnite.com. The webcast replays will be available following the conclusion of the live presentations for 90 days.
About Magnite
We’re Magnite (NASDAQ: MGNI), the world’s largest independent sell-side advertising company. Publishers use our technology to monetize their content across all screens and formats including CTV, online video, display, and audio. The world’s leading agencies and brands trust our platform to access brand-safe, high-quality ad inventory and execute billions of advertising transactions each month. Anchored in bustling New York City, sunny Los Angeles, mile high Denver, historic London, colorful Singapore and down under in Sydney, Magnite has offices across North America, EMEA, LATAM, and APAC.
Investor Relations Contact
Nick Kormeluk, 949-500-0003
nkormeluk@magnite.com -
MIL-OSI: Sprout Social Announces First Quarter 2025 Financial Results
Source: GlobeNewswire (MIL-OSI)
CHICAGO, May 08, 2025 (GLOBE NEWSWIRE) — Sprout Social, Inc. (“Sprout Social”, the “Company”) (Nasdaq: SPT), an industry-leading provider of cloud-based social media management software, today announced financial results for its first quarter ended March 31, 2025.
“Our team delivered strong results in the first quarter, highlighted by 13% revenue growth, a 21% increase in cRPO, and profitability expansion,” said Ryan Barretto, CEO of Sprout Social. “We remain focused on winning in the enterprise, deepening customer adoption, scaling through partnerships, and driving expansion within accounts. With the rapid shift toward social as a primary channel for discovery and engagement, we believe our investments in customer care, AI, and influencer marketing uniquely position us to lead brands through this transformation.”
First Quarter 2025 Financial Highlights
Revenue
- Revenue was $109.3 million, up 13% compared to the first quarter of 2024.
- Total remaining performance obligations (RPO) of $360.2 million as of March 31, 2025, up 24% year-over-year.
- Current remaining performance obligations (cRPO) of $255.8 million as of March 31, 2025, up 21% year-over-year.
Operating Income (Loss)
- GAAP operating loss was ($11.2) million, compared to ($13.3) million in the first quarter of 2024.
- Non-GAAP operating income was $12.5 million, compared to $6.0 million in the first quarter of 2024.
Net Loss
- GAAP net loss was ($11.2) million, compared to ($13.6) million in the first quarter of 2024.
- Non-GAAP net income was $12.5 million, compared to $5.7 million in the first quarter of 2024.
- GAAP net loss per share was ($0.19) based on 57.9 million weighted-average shares of common stock outstanding, compared to ($0.24) based on 56.3 million weighted-average shares of common stock outstanding in the first quarter of 2024.
- Non-GAAP net income per share was $0.22 based on 57.9 million weighted-average shares of common stock outstanding, compared to $0.10 based on 56.3 million weighted-average shares of common stock outstanding in the first quarter of 2024.
Cash
- Cash and equivalents and marketable securities totaled $101.9 million as of March 31, 2025, compared to $90.2 million as of December 31, 2024.
- Net cash provided by operating activities was $18.1 million, compared to $11.2 million in the first quarter of 2024.
- Non-GAAP free cash flow was $19.5 million, compared to $11.3 million in the first quarter of 2024.
See “Use of Non-GAAP Financial Measures” below for definitions of Non-GAAP operating income (loss), Non-GAAP net income (loss), Non-GAAP net income (loss) per share and Non-GAAP free cash flow and the financial tables that accompany this release for reconciliations of our non-GAAP measures to their closest comparable GAAP measures. See “Key Business Metrics” below for how Sprout Social defines RPO, cRPO, the number of customers contributing over $10,000 in ARR and the number of customers contributing over $50,000 in ARR.
Customer Metrics
- Grew number of customers contributing over $10,000 in ARR to 9,381 customers as of March 31, 2025, up 6% compared to March 31, 2024.
- Grew number of customers contributing over $50,000 in ARR to 1,766 customers as of March 31, 2025, up 22% compared to March 31, 2024.
Recent Customer Highlights
- During the first quarter, we had the opportunity to grow with new and existing customers like: Palo Alto, NASCAR, Interscope Records, Avis Budget Car Rental, and Axos Bank.
Recent Business Highlights
Sprout Social recently:
- Announced a refreshed, intuitive design along with powerful AI-driven natural language discovery and data analysis capabilities for the Sprout Social Influencer Marketing platform (link)
- Celebrated 15 years of Sprout empowering brands to drive business-wide impact with social (link)
Second Quarter and 2025 Financial Outlook
For the second quarter of 2025, the Company currently expects:
- Total revenue between $110.4 million and $111.2 million.
- Non-GAAP operating income between $8.4 million and $9.4 million.
- Non-GAAP net income per share between $0.14 and $0.16 based on approximately 58.8 million weighted-average shares of common stock outstanding.
For the full year 2025, the Company currently expects:
- Total revenue between $448.9 million and $453.9 million.
- Non-GAAP operating income between $40.7 million and $45.7 million.
- Non-GAAP net income per share between $0.69 and $0.77 based on approximately 59.1 million weighted-average shares of common stock outstanding.
The Company’s second quarter and 2025 financial outlook is based on a number of assumptions that are subject to change and many of which are outside the Company’s control. If actual results vary from these assumptions, the Company’s expectations may change. There can be no assurance that the Company will achieve these results.
The Company does not provide guidance for operating loss, the most directly comparable GAAP measure to non-GAAP operating income, or net loss per share, the most directly comparable GAAP measure to non-GAAP net income per share, and similarly cannot provide a reconciliation between its forecasted non-GAAP operating income and non-GAAP net income per share and these comparable GAAP measures without unreasonable effort due to the unavailability of reliable estimates for certain items. These items are not within the Company’s control and may vary greatly between periods and could significantly impact future financial results.
Conference Call Information
The financial results and business highlights will be discussed on a conference call and webcast scheduled at 4:00 p.m. Central Time (5:00 p.m. Eastern Time) today, May 8, 2025. Online registration for this event conference call can be found at https://registrations.events/direct/Q4I191310. The live webcast of the conference call can be accessed from Sprout Social’s investor relations website at http://investors.sproutsocial.com.
Following completion of the events, a webcast replay will also be available at http://investors.sproutsocial.com for 12 months.
About Sprout Social
Sprout Social is a global leader in social media management and analytics software. Sprout’s unified platform puts powerful social data into the hands of approximately 30,000 brands so they can make strategic decisions that drive business growth and innovation. With a full suite of social media management solutions, Sprout offers comprehensive publishing and engagement functionality, customer care, connected workflows and AI-powered business intelligence. Sprout’s award-winning software operates across all major social media networks and digital platforms. For more information about Sprout Social (NASDAQ: SPT), visit sproutsocial.com.Forward-Looking Statements
This press release contains “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. In some cases, you can identify forward-looking statements by terms such as “anticipate,” “believe,” “can,” “continue,” “could,” “estimate,” “expect,” “explore,” ”future,” “intend,” “long-term model,” “may,” “medium to longer term goals,” “might,” “outlook,” “plan,” “potential,” “predict,” “project,” “should,” “strategy,” “target,” “will,” “would,” or the negative of these terms, and similar expressions intended to identify forward-looking statements. However, not all forward-looking statements contain these identifying words. These statements may relate to our market size and growth strategy, our estimated and projected costs, margins, revenue, expenditures and customer and financial growth rates, our Q2 2025 and full year 2025 financial outlook, our plans and objectives for future operations, growth, initiatives or strategies. By their nature, these statements are subject to numerous uncertainties and risks, including factors beyond our control, that could cause actual results, performance or achievement to differ materially and adversely from those anticipated or implied in the forward-looking statements. These assumptions, uncertainties and risks include that, among others: we may not be able to sustain our revenue and customer growth rate in the future, including due to risks associated with our strategic focus on enterprise customers; price increases have and may continue to negatively impact demand for our products, customer acquisition and retention and reduce the total number of customers or customer additions; our business would be harmed by any significant interruptions, delays or outages in services from our platform, our API providers, or certain social media platforms; if we are unable to attract potential customers through unpaid channels, convert this traffic to free trials or convert free trials to paid subscriptions, our business and results of operations may be adversely affected; we may be unable to successfully enter new markets, manage our international expansion and comply with any applicable international laws and regulations; we may be unable to integrate acquired businesses or technologies successfully or achieve the expected benefits of such acquisitions and investments; unstable market, economic, and political conditions, such as recession risks, effects of inflation, trade tensions, changes in government spending, labor shortages, supply chain issues, high interest rates, and the impacts of current and potential future bank failures and ongoing overseas conflicts, have and could continue to adversely impact our business and that of our existing and prospective customers, which may result in reduced demand for our products; we may not be able to generate sufficient cash to service our indebtedness; covenants in our credit agreement may restrict our operations, and if we do not effectively manage our business to comply with these covenants, our financial condition could be adversely impacted; any cybersecurity-related attack, significant data breach or disruption of the information technology systems or networks on which we rely could negatively affect our business; changing regulations relating to privacy, information security and data protection could increase our costs, affect or limit how we collect and use personal information and harm our brand; and risks related to ongoing legal proceedings. Additional risks and uncertainties that could cause actual outcomes and results to differ materially from those contemplated by the forward-looking statements are included under the caption “Risk Factors” and elsewhere in our filings with the Securities and Exchange Commission (the “SEC”), including our Annual Report on Form 10-K for the year ended December 31, 2024 filed with the SEC on February 26, 2025 and our Quarterly Report on Form 10-Q for the quarter ended March 31, 2025, to be filed with the SEC as well as any future reports that we file with the SEC. Moreover, you should interpret many of the risks identified in those reports as being heightened as a result of the current and ongoing instability in market, economic, and political conditions. Forward-looking statements speak only as of the date the statements are made and are based on information available to Sprout Social at the time those statements are made and/or management’s good faith belief as of that time with respect to future events. Sprout Social assumes no obligation to update forward-looking statements to reflect events or circumstances after the date they were made, except as required by law.
Use of Non-GAAP Financial Measures
We have provided in this press release certain financial information that has not been prepared in accordance with generally accepted accounting principles in the United States (“GAAP”). Our management uses these non-GAAP financial measures internally in analyzing our financial results and believes that use of these non-GAAP financial measures is useful to investors as an additional tool to evaluate ongoing operating results and trends and in comparing our financial results with other companies in our industry, many of which present similar non-GAAP financial measures. Non-GAAP financial measures are not meant to be considered in isolation or as a substitute for comparable financial measures prepared in accordance with GAAP and should be read only in conjunction with our consolidated financial statements prepared in accordance with GAAP. A reconciliation of our historical non-GAAP financial measures to the most directly comparable GAAP measures has been provided in the financial statement tables included in this press release, and investors are encouraged to review these reconciliations.Non-GAAP gross profit. We define non-GAAP gross profit as GAAP gross profit, excluding stock-based compensation expense, amortization expense associated with the acquired developed technology from our acquisition of Tagger Media, Inc. (the “Tagger acquisition”) and restructuring charges. We believe non-GAAP gross profit provides our management and investors consistency and comparability with our past financial performance and facilitates period-to-period comparisons of operations, as it eliminates the effect of stock-based compensation, amortization expense and restructuring charges, which are often unrelated to overall operating performance.
Non-GAAP gross margin. We define non-GAAP gross margin as non-GAAP gross profit as a percentage of revenue.
Non-GAAP operating income. We define non-GAAP operating income as GAAP loss from operations, excluding stock-based compensation expense, amortization expense associated with the acquired intangible assets from the Tagger acquisition and restructuring charges. We believe non-GAAP operating income provides our management and investors consistency and comparability with our past financial performance and facilitates period-to-period comparisons of operations, as it eliminates the effect of stock-based compensation, amortization expense and restructuring charges, which are often unrelated to overall operating performance.
Non-GAAP operating margin. We define non-GAAP operating margin as non-GAAP operating income (loss) as a percentage of revenue.
Non-GAAP net income. We define non-GAAP net income as GAAP net loss, excluding stock-based compensation expense, amortization expense associated with the acquired intangible assets from the Tagger acquisition and restructuring charges. We believe non-GAAP net income provides our management and investors consistency and comparability with our past financial performance and facilitates period-to-period comparisons of operations, as this non-GAAP financial measure eliminates the effect of stock-based compensation, amortization expense and restructuring charges, which are often unrelated to overall operating performance.
Non-GAAP net income per share. We define non-GAAP net income per share as GAAP net loss per share attributable to common shareholders, basic and diluted, excluding stock-based compensation expense, amortization expense associated with the acquired intangible assets from the Tagger acquisition and restructuring charges. We believe non-GAAP net income per share provides our management and investors consistency and comparability with our past financial performance and facilitates period-to-period comparisons of operations, as this non-GAAP financial measure eliminates the effect of stock-based compensation, amortization expense and restructuring charges, which are often unrelated to overall operating performance.
Non-GAAP free cash flow. We define non-GAAP free cash flow as net cash provided by operating activities less expenditures for property and equipment, interest payments on our revolving credit facility and payments related to restructuring charges. Non-GAAP free cash flow does not reflect our future contractual obligations or represent the total increase or decrease in our cash balance for a given period. We believe non-GAAP free cash flow is a useful indicator of liquidity that provides information to management and investors about the amount of cash provided by our core operations that, after expenditures for property and equipment, interest payments on our revolving credit facility and payments related to restructuring charges, is available for strategic initiatives.
Non-GAAP free cash flow margin. We define non-GAAP free cash flow margin as non-GAAP free cash flow as a percentage of revenue.
Non-GAAP sales and marketing expenses, non-GAAP research and development expenses and non-GAAP general and administrative expenses. Non-GAAP sales and marketing expenses, non-GAAP research and development expenses and non-GAAP general and administrative expenses are defined as sales and marketing expenses, research and development expenses and general and administrative expenses, respectively, less stock-based compensation expense, amortization expense associated with the acquired intangible assets from the Tagger acquisition and restructuring charges. We believe these non-GAAP measures provide our management and investors with insight into day-to-day operating expenses given that these measures eliminate the effect of stock-based compensation, amortization expense associated with the acquired intangible assets from the Tagger acquisition and restructuring charges.
Key Business Metrics
Remaining performance obligations (“RPO”). RPO, or remaining performance obligations, represents contracted revenue that has not yet been recognized, and includes deferred revenue and amounts that will be invoiced and recognized in future periods.
Current remaining performance obligations (“cRPO”). cRPO, or current RPO, represents contracted revenue that has not yet been recognized, and includes deferred revenue and amounts that will be invoiced and recognized in the next 12 months.
Number of customers contributing more than $10,000 in ARR. We define number of customers contributing more than $10,000 in ARR as those on a paid subscription plan that had more than $10,000 in ARR as of a period end. We view the number of customers that contribute more than $10,000 in ARR as a measure of our ability to scale with our customers and attract larger organizations. We believe this represents potential for future growth, including expanding within our current customer base.
Number of customers contributing more than $50,000 in ARR. We define number of customers contributing more than $50,000 in ARR as those on a paid subscription plan that had more than $50,000 in ARR as of a period end. We view the number of customers that contribute more than $50,000 in ARR as a measure of our ability to scale with large customers and attract sophisticated organizations. We believe this represents potential for future growth, including expanding within our current customer base.
While we no longer believe that ARR and number of customers are key performance indicators of Sprout Social’s business, these metrics are necessary for an understanding of how we define number of customers contributing over $10,000 in ARR and number of customers contributing over $50,000 in ARR. For this purpose, we define ARR as the annualized revenue run-rate of subscription agreements from all customers as of the last date of the specified period and we define a customer as a unique account, multiple accounts containing a common non-personal email domain, or multiple accounts governed by a single agreement or entity.
Availability of Information on Sprout Social’s Website and Social Media Profiles
Investors and others should note that Sprout Social routinely announces material information to investors and the marketplace using SEC filings, press releases, public conference calls, webcasts and the Sprout Social Investors website. We also intend to use the social media profiles listed below as a means of disclosing information about us to our customers, investors and the public. While not all of the information that the Company posts to the Sprout Social Investors website or to social media profiles is of a material nature, some information could be deemed to be material. Accordingly, the Company encourages investors, the media, and others interested in Sprout Social to review the information that it shares at the Investors link located at the bottom of the page on www.sproutsocial.com and to regularly follow our social media profiles. Users may automatically receive email alerts and other information about Sprout Social when enrolling an email address by visiting “Email Alerts” in the “Shareholder Services” section of Sprout Social’s Investor website at https://investors.sproutsocial.com/.
Social Media Profiles:
www.twitter.com/SproutSocial
www.twitter.com/SproutSocialIR
www.facebook.com/SproutSocialInc
www.linkedin.com/company/sprout-social-inc-/
www.instagram.com/sproutsocialContact
Media:
Layla Revis
Email: pr@sproutsocial.com
Phone: (866) 878-3231Investors:
Alex Kurtz
Twitter: @SproutSocialIR
Email: investors@sproutsocial.com
Phone: (312) 528-9166Sprout Social, Inc. Consolidated Statements of Operations (Unaudited) (in thousands, except share and per share data) Three Months Ended March 31, 2025 2024 Revenue Subscription $ 108,680 $ 95,789 Professional services and other 609 995 Total revenue 109,289 96,784 Cost of revenue(1) Subscription 24,473 22,205 Professional services and other 365 223 Total cost of revenue 24,838 22,428 Gross profit 84,451 74,356 Operating expenses Research and development(1) 23,229 23,769 Sales and marketing(1) 47,452 44,540 General and administrative(1) 24,972 19,334 Total operating expenses 95,653 87,643 Loss from operations (11,202 ) (13,287 ) Interest expense (514 ) (1,046 ) Interest income 895 1,035 Other expense, net (168 ) (406 ) Loss before income taxes (10,989 ) (13,704 ) Income tax expense (benefit) 231 (129 ) Net loss $ (11,220 ) $ (13,575 ) Net loss per share attributable to common shareholders, basic and diluted $ (0.19 ) $ (0.24 ) Weighted-average shares outstanding used to compute net loss per share, basic and diluted 57,890,898 56,344,242 (1) Includes stock-based compensation expense as follows: Three Months Ended March 31, 2025 2024 Cost of revenue $ 746 $ 925 Research and development 6,206 5,450 Sales and marketing 5,936 7,376 General and administrative 6,907 4,315 Total stock-based compensation expense $ 19,795 $ 18,066 Sprout Social, Inc. Consolidated Balance Sheets (Unaudited) (in thousands, except share and per share data) March 31,
2025December 31,
2024Assets Current assets Cash and cash equivalents $ 100,902 $ 86,437 Marketable securities 1,000 3,745 Accounts receivable, net of allowances of $3,119 and $2,169 at March 31, 2025 and December 31, 2024, respectively 64,783 84,033 Deferred Commissions 21,803 20,184 Prepaid expenses and other assets 19,057 15,816 Total current assets 207,545 210,215 Property and equipment, net 10,902 10,951 Deferred commissions, net of current portion 52,327 51,653 Operating lease, right-of-use asset 10,985 11,326 Goodwill 121,315 121,315 Intangible assets, net 20,621 21,914 Other assets, net 962 967 Total assets $ 424,657 $ 428,341 Liabilities and Stockholders’ Equity Current liabilities Accounts payable $ 7,260 $ 6,984 Deferred revenue 173,952 178,585 Operating lease liability 3,504 3,747 Accrued wages and payroll related benefits 16,002 20,567 Accrued expenses and other 13,378 10,869 Total current liabilities 214,096 220,752 Revolving credit facility 20,000 25,000 Deferred revenue, net of current portion 944 1,101 Operating lease liability, net of current portion 13,960 14,543 Other non-current liabilities 348 351 Total liabilities 249,348 261,747 Stockholders’ equity Class A common stock, par value $0.0001 per share; 1,000,000,000 shares authorized; 54,787,894 and 51,845,950 shares issued and outstanding, respectively, at March 31, 2025; 54,219,684 and 51,277,740 shares issued and outstanding, respectively, at December 31, 2024 4 4 Class B common stock, par value $0.0001 per share; 25,000,000 shares authorized; 6,536,301 and 6,329,357 shares issued and outstanding, respectively, at March 31, 2025; 6,687,582 and 6,480,638 shares issued and outstanding, respectively, at December 31, 2024 1 1 Additional paid-in capital 578,328 558,391 Treasury stock, at cost (37,422 ) (37,422 ) Accumulated other comprehensive income 1 3 Accumulated deficit (365,603 ) (354,383 ) Total stockholders’ equity 175,309 166,594 Total liabilities and stockholders’ equity $ 424,657 $ 428,341 Sprout Social, Inc. Consolidated Statements of Cash Flows (Unaudited) (in thousands) Three Months Ended March 31, 2025 2024 Cash flows from operating activities Net loss $ (11,220 ) $ (13,575 ) Adjustments to reconcile net loss to net cash provided by operating activities Depreciation and amortization of property, equipment and software 1,225 887 Amortization of line of credit issuance costs 52 52 Accretion of discount on marketable securities (7 ) (223 ) Amortization of acquired intangible assets 1,293 1,570 Amortization of deferred commissions 5,283 3,523 Amortization of right-of-use operating lease asset 341 436 Stock-based compensation expense 19,795 18,066 Provision for accounts receivable allowances 1,129 56 Changes in operating assets and liabilities, excluding impact from business acquisition Accounts receivable 18,122 13,017 Prepaid expenses and other current assets (3,229 ) (7,670 ) Deferred commissions (7,577 ) (6,783 ) Accounts payable and accrued expenses (1,487 ) (2,865 ) Deferred revenue (4,790 ) 5,648 Lease liabilities (826 ) (975 ) Net cash provided by operating activities 18,104 11,164 Cash flows from investing activities Expenditures for property and equipment (1,357 ) (1,092 ) Payments for business acquisition, net of cash acquired – (1,409 ) Proceeds from maturity of marketable securities 2,750 22,555 Net cash provided by investing activities 1,393 20,054 Cash flows from financing activities Repayments of line of credit (5,000 ) (10,000 ) Employee taxes paid related to the net share settlement of stock-based awards – (1,476 ) Net cash used in financing activities (5,000 ) (11,476 ) Net increase in cash, cash equivalents, and restricted cash 14,497 19,742 Cash, cash equivalents, and restricted cash Beginning of period 90,418 53,695 End of period $ 104,915 $ 73,437 The following schedule reflects our non-GAAP financial measures and reconciles our non-GAAP financial measures to the related GAAP financial measures (in thousands, except per share data):
Reconciliation of Non-GAAP Financial Measures Three Months Ended March 31, 2025 2024 Reconciliation of Non-GAAP gross profit Gross profit $ 84,451 $ 74,356 Stock-based compensation expense 746 925 Amortization of acquired developed technology 705 705 Restructuring charges 416 – Non-GAAP gross profit $ 86,318 $ 75,986 Reconciliation of Non-GAAP operating income Loss from operations $ (11,202 ) $ (13,287 ) Stock-based compensation expense 19,795 18,066 Amortization of acquired intangible assets 1,213 1,213 Restructuring charges 2,731 – Non-GAAP operating income $ 12,537 $ 5,992 Reconciliation of Non-GAAP net income Net loss $ (11,220 ) $ (13,575 ) Stock-based compensation expense 19,795 18,066 Amortization of acquired intangible assets 1,213 1,213 Restructuring charges 2,731 – Non-GAAP net income $ 12,519 $ 5,704 Reconciliation of Non-GAAP net income per share Net loss per share attributable to common shareholders, basic and diluted $ (0.19 ) $ (0.24 ) Stock-based compensation expense 0.34 0.32 Amortization of acquired intangible assets 0.02 0.02 Restructuring charges 0.05 – Non-GAAP net income per share $ 0.22 $ 0.10 Reconciliation of Non-GAAP free cash flow Net cash provided by operating activities $ 18,104 $ 11,164 Expenditures for property and equipment (1,357 ) (1,092 ) Interest paid on credit facility 484 1,260 Payments related to restructuring charges 2,249 – Non-GAAP free cash flow $ 19,480 $ 11,332 -
MIL-OSI: Best Online Casinos: JACKBIT Ranked As Top Online Casino Of 2025
Source: GlobeNewswire (MIL-OSI)
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Legal Disclaimer
This content is for informational and entertainment purposes only and does not constitute legal, financial, or gambling advice. Information is presented “as is,” without warranties. Readers must verify compliance with local gambling laws. The publisher is not liable for losses or consequences.
Affiliate Disclosure
Some links may be affiliate links, earning a commission at no cost to you. Recommendations are objective, and partnerships do not influence content.
Email: support@JACKBIT.com
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/7307b375-0e00-45a3-aafd-693b0e28892e
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MIL-OSI Global: India-Pakistan: escalating conflict between two nuclear powers
Source: The Conversation – UK – By Jonathan Este, Senior International Affairs Editor, Associate Editor
This article was first published in The Conversation UK’s World Affairs Briefing email newsletter. Sign up to receive weekly analysis of the latest developments in international relations, direct to your inbox.
Once again, India and Pakistan are locked in conflict over Kashmir. A diplomatic crisis that started with a terrorist attack that killed 26 tourists, all but one of them Indian, became a fortnight of cross-border skirmishes and pugilistic posturing from New Delhi and Islamabad. India responded on May 7 with Operation Sindoor, a series of airstrikes apparently aimed at what India said were terrorist training camps, in which at least 31 people were reportedly killed. Pakistan has vowed revenge and launched its own deadly attacks. And so an old emnity is rekindled.
India and Pakistan have been at loggerheads over Kashmir virtually since partition in 1947. Its mixed population, its geography and, importantly, its history as what was known as a “princely state”, virtually guaranteed it. Princely states, which were not administered by the British Raj were given the choice of joining either independent India or the newly created Pakistan. Kashmir, ruled over by the Hindu maharaja Hari Singh, eventually joined India.
Hari Singh reportedly did so with some misgivings. The state he ruled over had a majority population of Muslims. But when the first conflict broke out at the end of 1947, with an invasion by Pakistani tribesmen looking to take control of Kashmir, he called on India for assistance and signed a deal temporarily incorporating the state into India pending a plebiscite – which never took place.
The first India-Pakistan war ended in 1949 with a UN-mandated ceasefire. A border was drawn through the state giving India roughly two-thirds control over Jammu and Kashmir, with Pakistan controlling the other third. Both sides have claimed the whole territory ever since.
Violence has broken out periodically in the intervening decades, characterised since the 1980s by insurgencies, which India routinely accuses Pakistan of backing – an accusation which Pakistan routinely denies. Groups such as Lashkar-e-Taiba (LeT) and Jaish-e-Mohammed (JeM) have carried out terror attacks in both Kashmir and India, including LeT’s 2008 Mumbai massacre in which 166 people were killed.
Sign up to receive our weekly World Affairs Briefing newsletter from The Conversation UK. Every Thursday we’ll bring you expert analysis of the big stories in international relations.
Now the situation which the rest of the world has worried about for years, a conflict between two neighbouring nuclear armed powers, has begun to escalate with fears it might spiral out of control. Natasha Lindsteadt, an expert in international security, takes a look at the military – and nuclear– capabilities and policies of the two countries.
She writes that India has a far larger military (it’s ranked as one of the world’s top five military nations by Military Watch magazine, with Pakistan ranked ninth). The two countries have a roughly comparable nuclear arsenal. But while India has a “no first use” policy, Pakistan has never committed itself in this way, arguing it needs its nuclear arsenal to counter India’s larger conventional forces.
But even a small nuclear exchange between the two could kill more than 20 million people, writes Lindsteadt.
Part of the problem seems to be a complete lack of communications at the highest level. US president, Donald Trump, initially appeared reluctant to get involved, saying that he is “sure they’ll figure it out one way or the other … There’s great tension between Pakistan and India, but there always has been.” He is since reported to have offered to step in, an offer apparently politely rejected by New Delhi.
“What is needed now is robust, real-time crisis communication between the two nations,” write security experts Syed Ali Zia Jaffery of the University of Lahore and Nicholas Wheeler of the University of Birmingham. The problem is that there is no mechanism for that.
And as we know from the Cuban missile crisis, when the US and Soviet Union came very close to a nuclear exchange, it’s all too easy for mistakes to be made which could escalate a conflict between two nuclear powers into a conflagration.
After that crisis, the two leaders involved, John F. Kennedy and Nikita Krushchev, set up a communications link (which became known as the “hotline”) to enable direct communications. As Jaffery and Wheeler point out, this served to keep the rival powers from further dangerous confrontation (it even helped in bringing about arms treaties when Ronald Reagan was in the White House and Mikhail Gorbachev was in the Kremlin.
Read more:
Why a hotline is needed to help bring India and Pakistan back from the brink of a disastrous war
For a deeper dive into the crisis and the long history of conflict between India and Pakistan, here are five essential reads, carefully curated for you by my colleague Matt Williams, senior international editor at The Conversation in the US.
Read more:
India-Pakistan strikes: 5 essential reads on decades of rivalry and tensions over Kashmir
Netanyahu’s Gaza plan
In the Middle East, meanwhile, the Israel Defense Forces (IDF) are planning to move in large numbers into Gaza with a plan to occupy the whole of the territory. The prime minister, Benjamin Netanyahu, has described the move as a “forceful operation” which will destroy Hamas and rescue its remaining hostages. The remaining population of 2.1 million Palestinian civilians will be moved “to proect it”.
With more than 50,000 people dead in Gaza since the conflict began in October 2023, you have to say Israel’s attempts to protect civilians have been decidedly unsuccessful.
Leonie Fleischmann, senior lecturer in international politics at City St George’s, University of London, sees this as Israel’s next step towards clearing Gaza of Palestinians, something she says Netanyahu’s far-right enablers have been pushing for all along. But she also sees parallels with what is happening in the West Bank, where Israel is gradually annexing land occupied by Palestinians and mandated by the Oslo accords of the 1990s as part of a future Palestinian state.
The recent Louis Theroux documentary film showed the terrible circumstances under which Palestinians live on the West Bank, juxtaposing that with the determination of extreme Zionists to take over what they see as the land of their forefathers.
Fleischmann notes that this week, Israeli cabinet minister Bezalel Smotrich approved plans for construction on land in an area which, if given to settlers, would effectively cut the West Bank in two. This would, she says, “bury any remaining hope for a two-state solution”. Rather chillingly, Smotrich is quoted as saying: “This is how you kill the Palestinian state.”
Read more:
Israeli plan to occupy all of Gaza could open the door for annexation of the West Bank
Where would Palestinians go under Netanyahu’s plan? Well, if the Israeli prime minister shares Donald Trump’s vision of redeveloping Gaza as some sort of Middle Eastern “riviera”, they’d be dispersed into countries such as Egypt and Jordan.
This idea is a non-starter, writes Scott Lucas of University College Dublin. Lucas, a Middle East expert who has written regularly for us about Israel and Gaza and answered our questions about the situation. He says Egyptian president, Abdel Fattah al-Sisi has definitively ruled out accepting a mass exodus of Palestinians via the Rafah crossing at Gaza’s southern end. And Jordan is equally unwilling to accept any more Palestinian refugees. Apart from anything else, it already has about 3 million.
As Lucas writes: “Any Arab government that takes in Gazans, even amid a humanitarian crisis, would be tacitly burying the idea of a Palestinian state. That would break a 77-year-old principle and resurrect the Nakba – the forced displacement and ethnic cleansing of Palestinians in 1948.”
Israel is unlikely to get much international support for such a move either, Lucas adds. Donald Trump is preoccupied with other things and, even if he weren’t, the rest of the international community would hardly stand for what would probably be seen as an act of ethnic cleansing on a massive scale.
But what do ordinary Israelis think of their government’s plans for Gaza? For most Israelis the paramount factor is their security. So far the Netanyahu government’s actions in Gaza had enjoyed majority suppport for that reason and in the hope that somehow the conflict might lead to getting the remaining hostages home.
But the latest plan to take Gaza completely could scupper any hope of repatriating the hostages. And there are signs that many Israelis are getting tired of the constant crisis and conflict. There appears to be a growing appetite for peace.
Or so writes Yuval Katz of Loughborough University, who grew up in Israel but left eight years ago to pursue an academic career. He was recently home for the first time in two years and spent time contacting peace groups. Here is what he found.
Read more:
Israel’s peace movement offers a ray of hope amid the pain of Gaza conflict
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– ref. India-Pakistan: escalating conflict between two nuclear powers – https://theconversation.com/india-pakistan-escalating-conflict-between-two-nuclear-powers-256277
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MIL-OSI USA: Senate passes Kennedy resolution to undo cumbersome Biden-era bank merger rule
US Senate News:
Source: United States Senator John Kennedy (Louisiana)
Watch Kennedy’s comments here.
WASHINGTON – The Senate passed Sen. John Kennedy’s (R-La.) joint resolution of disapproval under Congressional Review Act (CRA) procedures to block an Office of Comptroller of the Currency (OCC) rule that delays the bank merger approval process by adding more red tape that could lead to consumer uncertainty.
The Biden administration’srule, which went into effect on Jan. 1, 2025, amended the Bank Merger Act of 1960 to make it harder for the OCC to approve healthy bank mergers quickly. Kennedy’s resolution would reverse the Biden administration’s misguided rule so that banks can stay in business and serve hardworking Americans.
Kennedy spoke on the Senate floor ahead of the resolution’s passage. Key excerpts of the speech are below:
“Well, President Biden’s people at the OCC decided that [the rule] wasn’t broken; so they were going to fix it. Again, I don’t hate anybody, but you have got to call it like you see it.
“I think the folks at President Biden’s OCC got up one day and thought there was an award for being stupid. They took this very simple and effective rule and procedure, and they turned it on its head. What they did was tier-one level moronic.”
. . .
“I am going to ask the Senate to reject President Biden’s cumbersome rule. . . . That doesn’t mean that the OCC can’t revisit it at some point, but let me just be blunt: What President Biden’s OCC people did was put together a plan—a new rule—that looks like it was put together by a heroin addict with a socket wrench. I mean, it is the most convoluted thing you have ever seen.
“If we vote yes today—and I hope we do—then we will reject this rule and go back to doing it the old way.”
Background:
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Historically, the OCC assumed that a potential merger passed muster if the agency took no action on a merger application within 15 days. The burden of showing that a merger would harm business and consumers fell on the OCC and bank regulators.
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The Biden administration’s rule shifted the burden of proof to individual banks, making it harder for banks—particularly community banks—to fulfill their obligations by making smart, strategic mergers.
Sens. Bill Hagerty (R-Tenn.), Thom Tillis (R-N.C.), Tim Scott (R-S.C.), Steve Daines (R-Mont.) and Bernie Moreno (R-Ohio) cosponsored the resolution.
“The Biden OCC rule restricting bank mergers would lead to less competition in the industry and reduce access to credit and important services for Americans. I’m proud to join Senator Kennedy’s effort to overturn this rule and allow the free market to decide how financial institutions can best serve their customers,” said Scott, chairman of the Senate Banking Committee.
“The Biden bank merger rule was a solution in search of a problem and embodies the overzealous rulemaking that defined the last Administration. Lacking any basis in sound banking policy, this regulation added more red tape and disproportionally burdened and harmed the competitiveness of small and mid-size banks by deterring beneficial business combinations,” said Daines.
The resolution will now move to the House of Representatives for consideration. Rep. Andy Barr (R-Ky.), chairman of the Financial Institutions Subcommittee on the House Financial Services Committee, has introduced the companion resolution.
“With President Trump restoring regulatory sanity in Washington, I’m proud to partner with Senator Kennedy on this effort to overturn the Joe Biden’s OCC’s flawed bank merger rule. This resolution upholds the integrity of our financial system by ensuring that merger applications are evaluated based on clear, consistent standards—not arbitrary political agendas. Community and regional banks deserve a regulatory framework that supports growth, innovation, and expanded access to credit,” said Barr.
The American Bankers Association (ABA) supports Kennedy’s resolution.
“ABA has long believed that bank mergers should be subject to clear and transparent standards, and that regulators should act in a timely and fair manner when considering applications. Unfortunately, the final rule the OCC approved last September created unhelpful and biased new standards—including arbitrary asset thresholds—without providing the clarity and predictability that banks and their customers need. We applaud today’s Senate passage of the Congressional Review Act resolution nullifying the OCC’s merger rule and thank Sen. Kennedy for his leadership on this important issue. We now urge the House to quickly pass the companion resolution introduced by Rep. Andy Barr so regulators can correct this flawed rule and establish a new framework that reflects today’s financial services landscape and promotes competition that strengthens our financial system,” said Rob Nichols, President and CEO of the ABA.
Text of the resolution is available here.
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