NewzIntel.com

Category: Canada

  • MIL-OSI Canada: Approval of the Bouchard Class Action Settlement

    Source: Government of Canada News

    April 24, 2025 – Ottawa, Ontario – Treasury Board of Canada Secretariat

    On April 15, 2025, the Superior Court of Quebec approved the Bouchard class action settlement agreement.

    The settlement agreement applies to individuals who worked any number of days for the Government of Canada between February 2016 and March 2020 as a casual, student, term (less than 3 months), part-time worker working less than one-third of the normal schedule, or a Governor in Council appointee, and who experienced pay problems as a result of the Phoenix pay system.

    To be compensated under the settlement agreement, eligible individuals must file their claim no later than October 24, 2025.

    For information on how to submit a claim visit: Bouchard (Phoenix pay system) class action: Notice of approval of settlement agreement.

    Quick Facts

    • On September 6, 2023, the government signed a settlement in the  Bouchard class action.
    • Compensation is based on eligibility per fiscal year, with a maximum of $350 for 2016–17 and $175 for each of the 2017–18, 2018–19, and 2019–20 fiscal years.
    • Individuals who received or are eligible for compensation under any related Phoenix pay system agreements for a given fiscal year are not eligible for settlement compensation for that same year. 

    MIL OSI Canada News –

  • MIL-OSI Canada: 2025-26 Budget Delivers Affordable Housing Solutions

    Source: Government of Canada regional news

    Released on April 24, 2025

    The 2025-26 Budget delivers affordable housing and housing supports for Saskatchewan residents. 

    With more than $150 million for housing initiatives, the investments in this year’s provincial budget will help address barriers to home ownership and rental supply. It prioritizes affordability for entry-level homes and the development of affordable rental housing.

    “This year’s budget recognizes the challenges of a growing province and has incorporated measures to help address the affordability of home ownership and increase the supply of affordable rentals,” Deputy Premier and Finance Minister Jim Reiter said. “Affordability measures such as these will continue to support a strong and steady Saskatchewan.”

    Earlier this year it was announced that Saskatchewan’s population had exceeded 1.25 million people for the first time. This means more residents are putting down roots in our communities. While housing in Saskatchewan remains relatively more affordable than the Canadian average, homeownership and rental housing continue to be cost-of-living pressures for Saskatchewan residents. 

    The majority of the housing funding in the 2025-26 Budget – $100 million – will be invested in programs to help with the cost of housing and affordable rental units.

    These investments include:

    • New funding to start multi-year repair and renovation projects for 285 Saskatchewan Housing Corporation-owned units in Saskatoon, Regina and Prince Albert. This will help increase the number of rentable units, reduce vacancies and respond to demands for larger family spaces.
    • Continuing to invest in the monthly Saskatchewan Housing Benefit to help eligible renters with their shelter costs. This benefit is cost-shared with the federal government under the National Housing Strategy.
    • Increased investment in the Rental Development Program to partner with housing providers to develop new supportive housing units for people who need additional support to live independently. 

    “The 2025-26 Budget is increasing the availability of safe and appropriate housing to help more Saskatchewan families access housing that best meets their needs,” Social Services Minister Terry Jenson said. “Making rent-ready housing units available across the province is a significant focus of the investment in provincially-owned housing.”

    In addition to rental housing, a number of initiatives are being implemented through the 2025-26 Budget to address affordability concerns related to homeownership and ensure Saskatchewan’s vibrant communities continue to grow and thrive. Three initiatives were introduced in this year’s budget to address these issues, with a combined value of more than $30 million.

    • Home Renovation Tax Credit – allows Saskatchewan homeowners renovating their primary residences to save money on taxes. Homeowners can claim a non-refundable tax credit on eligible home renovation expenses of up to $4,000 every year on their primary residences, to a maximum benefit of $420 annually. Seniors will be able to claim an additional $1,000 every year, for a maximum benefit of $525 annually.
    • First-Time Homebuyers’ Tax Credit – provides additional support for residents looking to purchase their first homes. This year’s budget introduces an increase to the non-refundable tax credit from $10,000 to $15,000 for eligible home purchases, effective October 1, 2024, increasing the maximum benefit for an individual from $1,050 to $1,575. Combined with the federal tax credit of $1,500, Saskatchewan first-time homebuyers will be eligible for a $3,075 reduction in income tax. 
    • Provincial Sales Tax (PST) Rebate for New Home Construction – provides a rebate of up to 42 per cent of the PST paid on the purchase of a new, previously unoccupied home to make homeownership more affordable for Saskatchewan residents. The now permanent program is available for newly constructed homes with a total price of less than $550,000, before taxes and excluding the value of the land and the price of any furniture, furnishings and appliances. 

    The 2025-26 Budget also invests in the Secondary Suite Incentive to increase the availability of rental properties while providing homeowners with secondary income.

    To learn more about the Government of Saskatchewan’s housing measures and other 2025-26 Budget initiatives, please visit: budget.saskatchewan.ca.

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    For more information, contact:

    MIL OSI Canada News –

  • MIL-OSI Canada: Government Continues to Support Communities and Recreation Through the Community Rink Affordability Grant Program

    Source: Government of Canada regional news

    Released on April 24, 2025

    The Community Rink Affordability Grant program had another strong year with preliminary figures showing that 577 indoor ice surfaces across the province received funding.  

    The program awarded grants of $2,500 per ice surface in 2024-25, this included 378 skating surfaces and 199 curling surfaces.

    “Our province’s rinks play such an important role bringing residents together and serving as hubs for their communities,” Parks, Culture and Sport Minister Alana Ross said. “Whether it is hockey, figure skating, curling or other activities, these facilities allow people to stay active year-round. In 2025-26, our government will double the program funding to $3.2 million, increasing the grant to $5,000 per indoor ice surface.”  

    The Community Rink Affordability Grant, administered by the Saskatchewan Parks and Recreation Association (SPRA), provides funding to help offset the costs of operating indoor skating and curling rinks in Saskatchewan. Communities, First Nations, schools and non-profits are eligible and encouraged to register for an annual grant per indoor ice surface.  

    “It is promising to see an ongoing and increased investment in recreation infrastructure through programs like the Community Rink Affordability Grant,” SPRA President Darcy McLeod said. “Rinks and other parks and recreation spaces are the heart of our communities, improving health, vitality and quality of life for the people of Saskatchewan.”  

    This is what communities have said about receiving the grant and its importance.

    “Funding from the Community Rink Affordability Grant allows us to offset expenses where we need it most,” Town of Carrot River Community Development Manager Miranda Blaber said. “This helps keep the skating rink operational and ensures we can maintain free access to programs for families within our community.”

    “This funding has allowed us to improve ice conditions and make necessary repairs, ensuring a safe and enjoyable space for skaters of all ages,” Village of Loon Lake Administrator Erin Simpson said. “Thanks to the grant, we can continue to offer a facility that brings people together and encourages an active lifestyle throughout the winter season.”

    The SPRA will be accepting grant applications for 2025-26 in January 2026. To learn more, visit: https://www.spra.sk.ca/funding/our-grants/.

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    For more information, contact:

    MIL OSI Canada News –

  • MIL-OSI Canada: Seizure of contraband at Fraser Valley Institution

    Source: Government of Canada News (2)

    April 24, 2025 – Abbotsford, British Columbia – Correctional Service Canada

    On April 16, 2025, as a result of the vigilance of staff members, a package containing contraband was seized on the perimeter of Fraser Valley Institution, a multi-level federal institution.

    The contraband seized included cannabis concentrate, crystal methamphetamine, fentanyl, MDMA, and a number of opiate pills. The total estimated institutional value of the seizure is $16,000.

    The police have been notified and the institution is investigating.

    The Correctional Service of Canada (CSC) uses a number of tools to prevent drugs from entering its institutions. These tools include ion scanners and drug-detector dogs to search buildings, personal property, inmates, and visitors.

    CSC is heightening measures to prevent contraband from entering its institutions in order to help ensure a safe and secure environment for everyone. CSC also works in partnership with the police to take action against those who attempt to introduce contraband into correctional institutions.

    CSC has also set up a telephone tip line for all federal institutions so that it may receive additional information about activities relating to security at CSC institutions. These activities may be related to drug use or trafficking that may threaten the safety and security of visitors, inmates, and staff members working at CSC institutions.

    The toll-free number, 1‑866‑780‑3784, helps ensure that the information shared is protected and that callers remain anonymous. 

    MIL OSI Canada News –

  • MIL-OSI Security: Harbour Grace — Harbour Grace RCMP seeks public assistance in locating Amelia Earhart statue

    Source: Royal Canadian Mounted Police

    Harbour Grace RCMP is seeking the public’s assistance in relation to the theft of a statue and plaques from the Spirit of Harbour Grace Municipal Park.

    Shortly after midnight on April 24, 2025, the Amelia Earhart statue was stolen from the park. Previously, on April 9, 2025, police received a report that the plaques next to the statue had been stolen.

    Photos of the stolen items are attached.

    Anyone with any information about this crime, the identity of the person(s) responsible or the current location of the stolen items is asked to contact Harbour Grace RCMP at 709-596-5014. To remain anonymous, contact Crime Stoppers at 1-800-222-TIPS (8477), visit www.nlcrimestoppers.com or use the P3Tips app. #SayItHere

    MIL Security OSI –

  • MIL-OSI: CalAmp Delivers Strong Financial Performance in 2024

    Source: GlobeNewswire (MIL-OSI)

    CARLSBAD, Calif., April 24, 2025 (GLOBE NEWSWIRE) — CalAmp, a leading telematics company providing products and solutions that help organizations worldwide monitor, track, and protect vital assets, today announced strong results for calendar year 2024. The results underscore a transformative year marked by financial strength, strategic leadership hires, product innovation, and global expansion.

    “We are proud of the strides we made in 2024—financially, operationally, and strategically,” said Chris Adams, President and CEO of CalAmp. “Our refreshed leadership team is taking a customer first approach, with a focus on delivering innovative solutions and world-class customer service.”

    CalAmp delivered robust business results in 2024, including the following milestones:

    • Surpassed a total of 2.7 million subscribers across its business units
    • Generated revenue of $197 million and EBITDA of $12.7 million
    • Delivered strong positive free cash flow with >100% EBITDA conversion
    • Ended the year with a solid cash position of $72 million and positive net cash on the balance sheet following the elimination of $230 million of debt

    CalAmp’s technology solutions processed and analyzed over one trillion data points (3.5 billion a day) during 2024, reinforcing the company’s position as a powerhouse in connected intelligence. The flagship Here Comes the Bus® app served over 1.7 million parents, strengthening CalAmp’s leadership in student safety and family engagement.

    To further accelerate its rapidly growing Connected Car Solutions business unit, CalAmp expanded its global footprint with the opening of a new LoJack® France office, building on the trusted LoJack brand to better serve European markets.

    To enhance its market leadership and drive further growth, CalAmp strategically organized its operations into four core business units: Edge Devices, Telematics Solutions, Connected Car Solutions, and Student Safety. The company hired and promoted accomplished leaders to bolster each of these divisions:

    • Tom Ayers, a former VP at onsemi and Sony Electronics, hired to lead Edge Devices;
    • Paul Washicko, previously General Manager of SaaS at CalAmp, returned to lead Telematics Solutions;
    • Maurizio Iperti promoted to President of Connected Car Solutions, overseeing all regions, including Europe, the United Kingdom, and Mexico;
    • Thomas Polan, a co-founder of the Synovia K-12 solution acquired by CalAmp in 2019, rejoined as Deputy GM of Student Safety.

    These key management appointments align with CalAmp’s commitment to operational excellence and market expansion, reinforcing its ability to scale in key growth sectors.

    As CalAmp enters 2025, the company is well-positioned to build on its momentum, drive innovation, and deepen its partnerships across mobility, safety, and asset intelligence.

    About CalAmp

    CalAmp provides flexible solutions to help organizations worldwide monitor, track, and protect their vital assets. Our unique device-enabled software and cloud platform enables commercial and government organizations worldwide to improve efficiency, safety, visibility, and compliance while accommodating the unique ways they do business. With over 10 million active edge devices and 220+ approved or pending patents, CalAmp is the telematics leader organizations turn to for innovation and dependability. For more information, visit calamp.com, or LinkedIn, Twitter, YouTube or CalAmp Blog.

    CalAmp, LoJack, TRACKER, Here Comes The Bus, Bus Guardian, CalAmp Vision, CrashBoxx and associated logos are among the trademarks of CalAmp and/or its affiliates in the United States, certain other countries and/or the EU. Spireon acquired the LoJack® U.S. Stolen Vehicle Recovery (SVR) business from CalAmp and holds an exclusive license to the LoJack mark in the United States and Canada. Any other trademarks or trade names mentioned are the property of their respective owners.

    The MIL Network –

  • MIL-OSI Global: How racialized voters are reshaping Canadian politics through digital networks

    Source: The Conversation – Canada – By Kashif Raza, Postdoctoral Fellow, Faculty of Education, University of British Columbia

    With Canada’s federal election approaching, political parties are focused on mobilizing voters. However, they may be overlooking how ethnic communities are already shaping the country’s political life.

    Immigrants and diaspora communities make up a growing segment of Canada’s population. In 2021, a record 23 per cent of the Canadian population, more than 8.3 million people, were current or former immigrants, the highest share since 1921. People from Asia constituted 51.4 per cent of this immigrant population.

    I am a postdoctoral fellow at the University of British Columbia’s Faculty of Education. My doctoral research focused on the integration practices of South Asian immigrants from Pakistan, India and Bangladesh living or working in northeast Calgary.

    Using the Canadian Index for Measuring Integration, I explored how they engaged with Canadian society across economic, social, health and political dimensions. Much of this engagement is driven by multilingualism and ethnic networks, increasingly mediated by platforms like WhatsApp, X and Facebook.

    Researching political integration in a multilingual digital world

    Since the federal election was called in late March, I’ve been conducting a digital ethnography of social media pages run by South Asian community influencers. Digital ethnography involves observing how people use internet technologies to communicate, engage and make meaning in online spaces.

    The influencers in my study are individuals who manage digital platforms, such as Facebook groups, WhatsApp chats and other community networks, and play a key role in shaping how community members access, discuss and act on political information. The pages I examined — mostly on WhatsApp, Facebook and X — continue to show how multilingualism and ethnic networks shape political awareness and influence voter behaviour.

    Too often, political engagement is narrowly defined by voter turnout. But my research with the South Asian diaspora in Calgary shows that political integration extends far beyond the ballot box. It happens on social media, at mosques, temples and gurdwaras, through multilingual volunteering and in community spaces where language, culture and civic life intersect.

    Crucially, it also extends to transnational issues. Many community members discuss global events — such as the Israel-Hamas conflict, the Russia-Ukraine war or United States trade policies — as well as Canadian issues like immigration.

    For my research, I interviewed 19 first-generation South Asians from Bangladesh, India and Pakistan, living in Calgary. Participants in my study described the wide range of civic and democratic activities they take part in: volunteering, joining online discussions and attending cultural or religious events where political issues were discussed — mostly in both English and their heritage languages.

    Participation spans both formal volunteering, often in English-dominant spaces, and informal volunteering at religious institutions, festivals or on social media. Many preferred to volunteer where they could speak Hindi, Punjabi, Bangla or Urdu or sometimes a mixture of multiple languages, referred to as translanguaging.

    One participant, a banker and social media influencer who runs a Pakistani Facebook group, said:

    “I often volunteer on Facebook. I also join politicians in their campaigns. My entire social media work is based on Urdu. It allows me to connect with people.”

    During digital ethnography, this participant was observed combining artificial intelligence (AI) generated images with multilingual postings to campaign for a political party.

    Beyond voter turnout

    South Asians are Canada’s largest visible minority group and their civic participation offers a vital lens into how democracy functions in a multicultural, multilingual society. There’s a widespread belief that if people aren’t engaging with politics in the dominant language, then they must not be engaging at all.

    However, my research shows otherwise. Societal multilingualism — the ability to use both English and heritage languages — is protected under Canada’s Multiculturalism Act and supports more inclusive participation. A participant who works for a settlement agency explained that multilingual political activities help “in communication, explaining policies, responding to people’s questions, understanding their concerns and addressing them.”

    There’s also a common misconception that nominating a candidate from a specific ethnic background guarantees community support. While that may influence local elections, federal voting decisions are often more complex. Participants in my research emphasized party platforms, past performance and national and international issues alongside identity. Ethnic concentration alone does not determine electoral success.

    Ethnic networks — made up of extended family, faith groups, digital communities and neighbourhood ties — act as civic incubators. They are not isolated enclaves but dynamic platforms where newcomers develop political literacy and trust.

    Rethinking political participation

    Canada’s official languages are English and French, but multilingualism plays a central role in immigrant communities. In my research, language is dynamic — a social and cultural resource that fosters identity and engagement.

    Participants translated political materials, explained policies to others and used multilingual platforms to discuss topics like housing, health care and immigration. These practices are visible in this election cycle too, as South Asian community members use language, digital tools, artificial intelligence and hot-button issues to engage voters. Language in these settings is cultural capital. It enables participation through familiarity, emotional connection and social belonging.

    Faith-based spaces like gurdwaras, mosques and mandirs are civic forums. Candidates visit during campaigns and community leaders help shape political dialogue and participation. These institutions offer cultural fluency and language access that mainstream systems often lack.

    As immigration reshapes Canada’s demographics, political integration is more than a trend — it’s essential to a functioning democracy. While some parties provide translations or host cultural events, they often miss how deep civic engagement already exists within these communities.

    Immigrants are not passive recipients anymore. They are active participants, shaping conversations in their own languages and networks. Ahead of the 2025 election, it’s time to move beyond ethnic voting myth and recognize the full civic ecosystem — from WhatsApp groups to mosque courtyards.

    Political parties must go beyond hiring translators or leaning on community leaders. Multilingual civic participation is not an afterthought — it’s foundational. It’s time to engage people in the languages they speak, in the spaces they trust.

    If we want a truly inclusive democracy, we must meet people where they are linguistically, culturally and locally. Ethnic networks are not detours from political life. They are on-ramps. And multilingualism is not a barrier to participation. It’s the language of democracy.

    Kashif Raza receives funding from the Social Sciences and Humanities Research Council (SSHRC) of Canada.

    – ref. How racialized voters are reshaping Canadian politics through digital networks – https://theconversation.com/how-racialized-voters-are-reshaping-canadian-politics-through-digital-networks-253895

    MIL OSI – Global Reports –

  • MIL-OSI Global: Fake models for fast fashion? What AI clones mean for our jobs — and our identities

    Source: The Conversation – Canada – By Jul Parke, PhD Candidate in Media, Technology & Culture, University of Toronto

    In the heart of New York City’s Times Square, a popup by British tech startup, Hypervsn, showcases life-size holograms in a health supplement store. From behind the glass, a virtual humanoid avatar with spunky pink hair waves to passersby. She is just one sign of an artificial intelligence (AI) revolution in marketing taking place.

    Down the street, H&M — the Swedish fast-fashion giant — offers a new kind of immersive shopping experience. The flagship store showcases a room covered in mirrors equipped with virtual environments, encouraging shoppers to make social media content while they try on merchandise.

    And last month, H&M made waves with its newest AI venture: cloning 30 real-life models using “digital twin” technology.

    These AI-generated replicas sparked global excitement and debate. But as digital replicas of real people become more common, especially in image-based industries like fashion, urgent ethical questions are emerging. These include conversations about the future of work, compensation and identity in the cultural economy.

    H&M AI models. One is real, one is an AI generated model.
    H&M

    Digital twins, explained

    In New York’s bustling AI startup scene, where tech, fashion and finance collide, the potential of digital twins is being met with optimism.

    Developers, investors and brands believe that by cloning our human bodies and personalities, we can reach a future in which we live in “double time.” That time would look something like us sinking back into our couch for some rest while our identical avatars show up to work on our behalf. But is it really that simple?

    What does it mean for workers whose identities are being cloned without clear guidelines on compensation, ownership and rights?

    Digital twin production is a meticulous process that begins with a person’s unique identity. This includes their voice, personality, body and face, all things considered to be their intellectual property (IP).

    When someone signs off to be cloned with a digital twin startup, they agree to the use of generative AI replicating everything about their physical body: personal identity, distinct features and skills.

    The ethical framework around digital twins

    The emergence of digital twins has forced the development of new ethical frameworks, still in flux. Industry leader Natalie Monbiot, former co-founder of HourOne, has coined the term “Virtual Human Economy” to describe this growing sector.

    Companies like HourOne, Synthesia and Soul Machines are competing to dominate this space. They offer digital twins for applications that range from fashion modelling to corporate training videos and online education.

    The ethical challenges are significant, particularly regarding ownership.

    The human half of the H&M digital twin models, for example, will receive “fair compensation,” including continued payment for the use of their digital replicas beyond initial creation. The company has said models will retain some rights to how their likenesses are used, but industry standards for such contracts remain inconsistent.

    Most digital twin companies establish contracts where the human “original” receives initial compensation for the creation process. This typically involves extensive scanning, voice recording and movement capture.

    But such arrangements remain inconsistent across the industry, and the long-term value proposition of these digital likenesses is still unclear.

    Some companies offer royalty structures, while others purchase full rights upfront. This raises questions about the fair valuation of a person’s digital likeness.

    Traditional image rights contracts, borrowed from the entertainment industry, don’t account for AI’s ability to generate novel content using a person’s likeness. The industry is essentially creating its ethical standards in real time, with some companies adopting more transparent approaches than others.

    ‘Jackpot’ economy means those at the top take all

    For workers in image-based industries, like models and photographers, the rise of digital twins brings a fundamental shift in how labour and compensation are structured. While modelling has always been hyper-competitive, social media has dramatically intensified that and is now playing a large role in how opportunities are allocated.

    American labour scholar Andrew Ross pinpoints these dynamics as a “jackpot economy,” where intellectual property becomes “the glittering prize for the lucky few” while the majority face increased precarity.

    U.S. fashion scholar Minh-Ha Pham has also written about how digital technologies amplify the winners-take-all economic structures within the fashion and blogging industries. She describes concentrated opportunities and rewards among an elite minority.

    To add to this, New Zealand scholars Rachel Berryman and Misha Kavka have demonstrated how the rise of “parasocial” relationships has become increasingly central to career success in these fields. A parasocial relationship describes the sense of intimate connection followers feel toward influencers and celebrities.

    In other words, those successful digital twins could further concentrate power among models who already possess substantial followings and cultural cachet. This cachet allows them to multiply their earning potential while those with less visibility struggle to compete against both humans and AI-generated alternatives.



    Read more:
    AI-generated influencers: A new wave of cultural exploitation

    Race, sexuality and gender

    This concentration effect is particularly concerning when considering how race, sexuality and gender representation manifests in virtual spaces.

    Virtual influencer, Shudu.
    Instagram

    For nearly a decade, fully virtual fashion models like Shudu have become increasingly popular. Shudu has more than 237,000 Instagram followers and partnerships with brands like Balmain, Louis Vuitton and Furla. Shudu and others have demonstrated how digital avatars often flatten and commercialize identity. They present sanitized versions of racial and gender diversity that serve brand interests rather than authentic representation.



    Read more:
    AI-generated influencers: A new wave of cultural exploitation

    While digital twins based on actual humans may provide more authentic representation than fully synthetic avatars, they still risk reinforcing existing inequalities in who receives visibility and compensation.

    On the other hand, digital twinning could potentially offer improvements over purely synthetic virtual models.

    By maintaining a connection to real human subjects who can negotiate their representation and compensation, digital twins might provide a more equitable approach than computer-generated avatars created entirely at a corporation’s discretion.

    Behind the digital glamour are real-life issues

    Our collective fascination with technology and the new AI-driven digital twins may be distracting us from a more pressing (but also old) issue. Let’s not forget to look at the economic structures that govern work cultures, human creativity and labour norms.

    The debate isn’t just about banning or regulating AI, which enable phenomena such as digital twins; it’s also about how we ensure fair compensation and equitable access to these new forms of labour.

    The “jackpot economy” often benefits only a select few, leaving the majority in precarious positions. As digital twins technology continues to evolve, we must develop regulatory frameworks to ensure fair compensation for workers in creative industries.

    While we focus on the capabilities and potential of AI, we also need to shift the conversation towards the economic systems and power structures in which these technologies operate.

    Jul Parke receives funding from the Department of Canadian Heritage and the Social Sciences and Humanities Council of Canada.

    – ref. Fake models for fast fashion? What AI clones mean for our jobs — and our identities – https://theconversation.com/fake-models-for-fast-fashion-what-ai-clones-mean-for-our-jobs-and-our-identities-254135

    MIL OSI – Global Reports –

  • MIL-OSI Canada: Building access to justice for Albertans

    Government of Alberta and Judiciary representatives with special guests at the Red Deer Justice Centre plaque unveiling event April 22, 2025.

    Albertans deserve to have access to a fair, accessible and transparent justice system. Modernizing Alberta’s courthouse infrastructure will help make sure Alberta’s justice system runs efficiently and meets the needs of the province’s growing population.

    Alberta’s government has invested $191 million to build the new Red Deer Justice Centre, increasing the number of courtrooms from eight to 12, allowing more cases to be heard at one time.

    “Modern, accessible courthouses and streamlined services not only strengthen our justice
    system – they build safer, stronger communities across the province. Investing in the new Red Deer Justice Centre is vital to helping our justice system operate more efficiently, and will give people in Red Deer and across central Alberta better access to justice.”

    Mickey Amery, Minister of Justice and Attorney General

    On March 3, all court services in Red Deer began operating out of the new justice centre. The new justice centre has 12 courtrooms fully built and equipped with video-conference equipment to allow witnesses to attend remotely if they cannot travel, and vulnerable witnesses to testify from outside the courtroom.

    The new justice centre also has spaces for people taking alternative approaches to the traditional courtroom trial process, with the three new suites for judicial dispute resolution services, a specific suite for other dispute resolution services, such as family mediation and civil mediation, and a new Indigenous courtroom with dedicated venting for smudging purposes.

    “We are very excited about this new courthouse for central Alberta. Investing in the places where people seek justice shows respect for the rights of all Albertans. The Red Deer Justice Centre fills a significant infrastructure need for this rapidly growing part of the province. It is also an important symbol of the rule of law, meaning that none of us are above the law, and there is an independent judiciary to decide disputes. This is essential for a healthy functioning democracy.”

    Ritu Khullar, chief justice of Alberta

    “Public safety and access to justice go hand in hand. With this investment in the new Red Deer Justice Centre, Alberta’s government is ensuring that communities are safer, legal matters are resolved more efficiently and all Albertans get the support they need.”

    Mike Ellis, Minister of Public Safety and Emergency Services

    “This state-of-the-art facility will serve the people of Red Deer and surrounding communities for generations. Our team at Infrastructure is incredibly proud of the work done to plan, design and build this project. I want to thank everyone, at all levels, who helped make this project a reality.”

    Martin Long, Minister of Infrastructure

    Budget 2025 is meeting the challenge faced by Alberta with continued investments in education and health, lower taxes for families and a focus on the economy.

    Quick facts

    • The new Red Deer Justice Centre is 312,000 sq ft (29,000 m2). (The old courthouse is 98,780 sq ft (9,177 m2)).
    • The approved project funding for the Red Deer Justice Centre is about $191 million.

    Related news

    • Red Deer’s first new courthouse in 40 years (Nov. 8, 2024)
    • Empowering Albertans dealing with family law matters (April 15, 2024)
    • Increasing access to family justice services (Dec. 1, 2023)

    MIL OSI Canada News –

  • MIL-OSI: CCIB Partners with Ryan Townend to Co-host Ryan’s Roundup Indigenous Networking Event

    Source: GlobeNewswire (MIL-OSI)

    CALGARY, Alberta, April 24, 2025 (GLOBE NEWSWIRE) — This May, a Calgary business networking event will bring more than 600 Indigenous and non-Indigenous business leaders, entrepreneurs, and decision-makers together for a bridge-building event that will showcase Indigenous innovation, entertainment and fashion.

    Canadian Council for Indigenous Business is partnering with Ryan Townend, CEO of WJ Agency, to co-host this celebration of Indigenous excellence in business, culture, and the creative space—with musical performances by Jaiden Riley, Jordan Shingoose and Shane Ghostkeeper, as well as a fashion show featuring local Indigenous designers produced by Authentically Indigenous featuring Tracey Toulouse, Native Diva Creations by Melrene Saloy and Kwósel by Melissa Victor.

    Tickets are free of charge to ensure cost is not a barrier, and business leaders from all industries and of all sizes are encouraged to come out to build connections and support local business innovation and entrepreneurship.

    What:
    Ryan’s May Roundup

    When:

    Thurs., May 1, 2025
    5 to 7:30 p.m. MDT

    Where:

    Ranchman’s Cookhouse & Dancehall
    Calgary, AB

    Register for the event

    Members of the media are welcome. Please contact Alannah Jabokwoam at ajabokwoam@ccib.ca to notify us if you’ll be attending or for assistance in arranging interviews prior to the event or on-site available on request.

    Alannah Jabokwoam
    Senior Associate, Communications & Public Relations, Canadian Council for Indigenous Business
    ajabokwoam@ccib.ca I 647-920-3554

    The MIL Network –

  • MIL-OSI Canada: Trespass Regulations Amended to Improve Public Safety, Protect Communities

    Source: Government of Canada regional news

    Released on April 24, 2025

    The Government of Saskatchewan has passed new regulations to empower police to enforce trespass laws in businesses and public spaces such as libraries and parks. These changes are part of the province’s ongoing work to protect communities from the impact of illicit fentanyl and methamphetamine production, transportation, trafficking and street use. 

    Under The Trespass to Property Amendment Regulations, 2025, activities such as public intoxication and drug use will now be automatically considered trespassing in public spaces or businesses. This will allow police to immediately enforce the Act against individuals who are causing public disturbance or threatening public safety without seeking further information from owners and occupants of the premises.

    ” We continue to explore avenues that will provide police with additional legal tools to address harmful items and activities in public spaces, creating safer communities across the province,” Justice Minister and Attorney General Tim McLeod said. “These regulations will ensure that police can act quickly to remove individuals who pose a threat to themselves and others, ensuring our public spaces and businesses remain safe and accessible.”

    Under the new Regulations, police will be able to remove someone and, if necessary, charge them with an offence under The Trespass to Property Act if they are engaged in the following activities:

    • public intoxication;
    • use of a controlled substance;
    • threatening to cause harm to persons and property through verbal, physical or other means;
    • public urination or defecation;
    • causing damage to premises or personal property located on the premises; and
    • any other activity that constitutes an offence pursuant to the Criminal Code.

    Fentanyl and methamphetamine are increasingly the cause of overdose deaths, violent crime and community instability. These new regulatory changes represent another step in Saskatchewan’s ongoing work to address the negative impact of addictions, and protect businesses and public spaces from illicit drug use and other dangerous activities. 

    For more information on Saskatchewan’s ongoing work to address drug use and improve public safety, visit:

    https://www.saskatchewan.ca/government/news-and-media/2025/april/15/government-expands-legislation-to-target-street-weapons-and-illicit-drugs.

    https://www.saskatchewan.ca/government/news-and-media/2025/february/25/saskatchewan-announces-measures-to-protect-communities-against-fentanyl-and-methamphetamine.

    https://www.saskatchewan.ca/government/news-and-media/2024/june/10/government-of-saskatchewan-makes-major-investments-in-public-safety.

    -30-

    For more information, contact:

    MIL OSI Canada News –

  • MIL-OSI Canada: Support helps B.C. tree-fruit growers protect orchards, businesses

    Source: Government of Canada regional news

    B.C.’s tree-fruit growers are working on new projects to help protect their harvests from extreme weather and ensure there is a sustainable supply of local cherries, peaches, apples and other tree fruits this year and in future years.

    “Earlier this spring, I visited the Okanagan to meet with growers. Many of them spoke about the challenge of a changing climate that has impacted their livelihoods and affected local food security,” said Lana Popham, Minister of Agriculture and Food. “Extreme weather events are a major concern, and this investment will help farmers install much-needed equipment to protect their orchards and the delicious, quality fruit British Columbians rely on and enjoy.” 

    The $5-million Tree Fruit Climate Resiliency program is supporting 67 projects in the Okanagan and the Kootenay regions. Tree-fruit growers are using the funding to buy equipment such as wind machines, energy-efficient heaters and cooling systems to protect orchards from extreme cold and heat. One grower is purchasing hail netting to keep fruit trees and crops safe from damage.

    “Working together with the B.C. Fruit Growers’ Association and the B.C. Cherry Association has been crucial in developing a robust response to support our province’s dedicated tree-fruit growers. They have faced numerous challenges over the past few years,” said Harwinder Sandhu, parliamentary secretary for agriculture and MLA for Vernon-Lumby. “I know from my visits to orchards and meetings with growers how much these projects can help, and I am excited to see growers using this technology to protect their crops and increase production of the renowned Okanagan fruit that B.C. takes pride in.”

    These projects will protect nearly 360 hectares (887 acres) of orchards in B.C., helping mitigate extreme weather effects on the tree-fruit sector. The projects will be complete by March 2027.

    “The B.C. Cherry Association was very pleased to see the high uptake by industry in this program. After five consecutive years of extreme climate events, we needed to take a proactive approach,” said Sukhpaul Bal, president, B.C. Cherry Association. “The Tree Fruit Climate Resiliency program allows growers to make investments in their farms to better protect against future events, and we look forward to building on the success of the program to ensure the long-term sustainability of the cherry sector.”

    The Tree Fruit Climate Resiliency program was developed with input from the B.C. Fruit Growers’ Association and the B.C. Cherry Association as part of government’s efforts to help tree-fruit growers through challenges.

    “We are grateful to the government for their support through this program. The overwhelming response, with the program being oversubscribed within just 20 hours, clearly demonstrates the significant need within our industry,” said Deep Brar, vice-president, B.C. Fruit Growers’ Association, and a tree-fruit grower. “We sincerely appreciate the efforts in supporting the tree-fruit industry, and as we move forward, we hope for even more support to continue addressing the challenges we face and to ensure the sustainability and growth of our sector.”

    Learn More:

    To learn more about the opening of the Tree Fruit Climate Resiliency program, visit: https://news.gov.bc.ca/releases/2025AF0002-000049

    A backgrounder follows.

    MIL OSI Canada News –

  • MIL-OSI Canada: Investor Alert: Crudite International, Grayscale Group, Swift Investments Also Known As Swifti, and WildBearUnion Group Are Not Registered

    Source: Government of Canada regional news

    Released on April 24, 2025

    The Financial and Consumer Affairs Authority of Saskatchewan (FCAA) warns investors of the online entities Crudite International, Grayscale Group, Swift Investments also known as Swifti and WildBearUnion.

    “We encourage Saskatchewan residents to verify that entities selling investment opportunities are registered at aretheyregistered.ca before considering investing,” FCAA Securities Division Executive Director Dean Murrison said. “A quick search of the registration status can tell you if who you want to invest with are reputable.”

    Crudite International, Grayscale Group, Swift Investments also known as Swifti and WildBearUnion claim to offer Saskatchewan residents trading opportunities, including forex, stocks, cryptocurrencies and commodities. Grayscale Group also claims to offer currency pairs, indices and exchange traded funds (ETFs). Swift Investments claims to additionally offer indices and contracts for difference (CFDs). 

    These entities claim to offer Saskatchewan residents an opportunity to invest in a variety of products through the online websites “crutideinternational com”, “grayscale-group com”, “grayscale-group net”, “system.grayscale-group online”, “grayscaletech ca”, “swift-investment io”, and “wildbearunion net”. These URLs have been manually altered so as not to be interactive.

    Crudite International, Grayscale Group, Swift Investments also known as Swifti and WildBearUnion are not registered to trade or sell securities or derivatives in Saskatchewan. The FCAA cautions investors and consumers not to send money to companies that are not registered in Saskatchewan, as they may not be legitimate businesses. 

    If you have invested with Crudite International, Grayscale Group, Swift Investments also known as Swifti and WildBearUnion or anyone claiming to be acting on their behalf, contact the FCAA’s Securities Division at 306-787-5936.

    In Saskatchewan, individuals or companies need to be registered with the FCAA to trade or sell securities or derivatives. The registration provisions of The Securities Act, 1988, and accompanying regulations are intended to ensure that only honest and knowledgeable people are registered to sell securities and derivatives and that their businesses are financially stable.

    Tips to protect yourself:

    • Always verify that the person or company is registered in Saskatchewan to sell or advise about securities or derivatives. To check registration, visit The Canadian Securities Administrators’ National Registration Search at aretheyregistered.ca.
    • Know exactly what you are investing in. Make sure you understand how the investment, product, or service works.
    • Get a second opinion and seek professional advice about the investment.
    • Do not allow unknown or unverified individuals to remotely access your computer.

    -30-

    For more information, contact:

    MIL OSI Canada News –

  • MIL-OSI Security: Bay Roberts — Arrest warrant issued for Jesse Lewis

    Source: Royal Canadian Mounted Police

    Bay Roberts RCMP is looking to arrest wanted man, 27-year-old Jesse William Lewis, who is actively evading police. Lewis was last seen yesterday evening and is believed to be in the North River to Brigus area.

    Lewis is wanted in relation to a number of charges including:

    • Robbery
    • Theft of a vehicle
    • Dangerous operation of a vehicle
    • Possession of a weapon for dangerous purposes
    • Mischief over $5,000
    • Flight from peace officer
    • Forcible confinement
    • Failure to comply with a probation order

    It is a criminal offence to aid a wanted individual.

    Anyone having information about the current location of Jesse Lewis is asked to contact Bay Roberts RCMP at 709-786-2118. To remain anonymous, contact Crime Stoppers: #SayItHere 1-800-222-TIPS (8477), visit www.nlcrimestoppers.com or use the P3Tips app.

    MIL Security OSI –

  • MIL-OSI USA: Attorney General James and Governor Hochul Announce Lawsuit Against Trump Administration for Imposing Illegal Tariffs 

    Source: US State of New York

    EW YORK – New York Attorney General Letitia James and Governor Kathy Hochul today announced that New York and a coalition of 11 other states are suing the Trump administration for illegally imposing unprecedented tax hikes on Americans in the form of tariffs issued under the International Emergency Economic Powers Act (IEEPA). The Trump administration’s IEEPA tariffs raise taxes on imports from nearly every country on Earth, including America’s closest allies and trading partners, and they have already caused severe economic damage. The lawsuit, filed by Attorney General James and a coalition of attorneys general, argues that Congress has not granted the president the authority to impose these tariffs and therefore the administration violated the law by imposing them through executive orders, social media posts, and agency orders. The coalition seeks a court order halting these IEEPA tariffs, including the worldwide tariffs that were paused on April 9, and preventing the Trump administration from enforcing or implementing them.  

    “The president does not have the power to raise taxes on a whim, but that’s exactly what President Trump has been doing with these tariffs,” said Attorney General James. “Donald Trump promised that he would lower prices and ease the cost of living, but these illegal tariffs will have the exact opposite effect on American families. His tariffs are unlawful and if not stopped, they will lead to more inflation, unemployment, and economic damage.”  

    “President Trump’s reckless tariffs have skyrocketed costs for consumers and unleashed economic chaos across the country. New York is standing up to fight back against the largest federal tax hike in American history,” said Governor Kathy Hochul. “Attorney General James and I are partnering on this litigation on behalf of New York consumers, because we can’t let President Trump push our country into a recession.”

    At most, the IEEPA allows the president to impose tariffs in response to extraordinary threats or a specific emergency. However, since February, President Trump has been unilaterally imposing sweeping tariffs against America’s closest trading partners. These tariffs expanded in a series of announcements in April to now cover nearly every country worldwide, including places that are not involved in international trade, such as the Heard and McDonald Islands, which have no known human inhabitants.  

    In addition to the severe economic damage that President Trump’s tariffs have already caused, the coalition warns they could cause even more destruction if allowed to continue. The lawsuit argues the IEEPA tariffs will increase unemployment, raise inflation, and threaten Americans’ wages by slowing economic growth. The president’s tariffs will harm the states and their residents by making important goods ranging from electronics to building materials more expensive and scarce.

    These costs will severely impact New Yorkers. Economists estimate the increased tariffs will cost the average family thousands of dollars per year, and a report from the New York City Comptroller estimated that even a mild recession caused by the tariffs would lead to over 35,000 lost jobs in New York City alone. New York state agencies could end up paying over $100 million in extra costs due to tariffs increasing prices. Retaliatory tariffs imposed by Canada on the hundreds of millions of dollars in electricity that New York imports every year would cause New Yorkers’ energy bills to spike. Across the state, small businesses that rely on imports are already reeling from the threat of higher prices and uncertainty caused by the administration’s policies. In Central New York, the Cortland Standard, one of the oldest family-owned newspapers in the country, announced it would cease publication in part due to an expected tariff on newsprint.

    The lawsuit, filed in the United States Court of International Trade, asserts that President Trump has no authority to impose tariffs as he has. While the president has declared emergencies and invoked IEEPA to justify these tariffs, not once has any other president used IEEPA to impose tariffs like this in the five decades since it became law. As the coalition argues in the lawsuit, the law was not designed to allow the president to unilaterally impose worldwide tariffs indiscriminately. In addition, the coalition argues that the Trump administration has overstepped its authority and violated the Constitution and the Administrative Procedure Act by imposing these tariffs.  

    With this lawsuit, the coalition is seeking a court order declaring the Trump administration’s IEEPA tariff orders to be in violation of the law and ordering the administration to stop implementing or enforcing these tariffs.  

    Joining Attorney General James in filing this lawsuit are the attorneys general of Arizona, Colorado, Connecticut, Delaware, Illinois, Maine, Minnesota, Nevada, New Mexico, Oregon, and Vermont.

    MIL OSI USA News –

  • MIL-OSI: Best Online Casinos Canada: 7Bit Casino Voted Top Casino Site for Canadian Players in 2025 (4.9/5)

    Source: GlobeNewswire (MIL-OSI)

    PORTLAND, Ore., April 24, 2025 (GLOBE NEWSWIRE) — With the rising number of Canadian players turning to online gaming platforms, the online casino market in Canada has seen an influx of sites offering real-money gambling. This surge in options has made it increasingly difficult for Canadian players to choose a reliable, high-quality platform that delivers both excitement and value.

    To help simplify your search, our team conducted in-depth research on the best online casinos in Canada, examining dozens of platforms. After thorough testing and comparison, 7Bit Casino emerged as a clear standout. With its strong focus on essential features like game variety, crypto-friendly payments, fast withdrawals, and rewarding bonuses, 7Bit Casino has rightfully earned its title as the best online casino for Canadian players in 2025.


    >>CLICK HERE TO JOIN 7BIT CASINO<<

    Whether you’re spinning through a massive selection of slot games, hitting the tables for blackjack, or exploring the world of crypto gambling, 7Bit Casino offers a real-money gaming experience that’s hard to beat.

    In this review, we’ll break down exactly why 7Bit Casino is our top pick for Canadian players. We’ll cover what makes it our favourite real-money platform, its pros and cons, how to join, why it ranked number one, the types of games you can play, and the supported payment methods available.

    A Closer Look at the Best Online Casino Canada: 7Bit Casino

    7Bit Casino is a powerhouse in the online casino industry, offering features that resonate with Canadian players. With over 10,000 games, including slots, table games, and live dealer options, it caters to every gaming preference. The platform supports both fiat and cryptocurrency payments, ensuring flexibility for users.

    Licensed by the Curacao eGaming Commission, 7Bit guarantees a secure environment. Its mobile-friendly design mirrors the desktop experience, making it a top choice for new online casinos in Canada.

    Canadian players enjoy lightning-fast withdrawals, especially through pay ID casino options and crypto methods like Bitcoin and Ethereum. The welcome bonus- 325% up to 5.25 BTC plus 250 free spins a standout, giving players a head start. Frequent promotions, such as weekly cashback and Telegram offers, keep the excitement alive.

    For those seeking the best online casino Canada, 7Bit features allow discreet gameplay without compromising security.

    >>Sign Up Now and Start Winning at 7Bit Casino!<<

    Additional Features for Canadians

    7Bit Casino offers a VIP program tailored for loyal Canadian players, featuring tiered rewards like cashback, exclusive free spins, and personalized offers. The platform supports CAD natively, eliminating currency conversion fees. Tournaments, such as slot races and table game challenges, run weekly, offering cash prizes and free spins.

    The casino’s commitment to responsible gambling includes self-exclusion tools and deposit limits, ensuring a safe experience for Canadians exploring the best online casinos Canada.

    What We Like & What Could Be Better About 7Bit Casino

    Highlights:

    • Extensive Game Library: Over 10,000 games, including the best online pokies like Mega Moolah and Johnny Cash.
    • Generous Bonuses: A 325% welcome package and regular free spins promotions.
    • Fast Withdrawals: pay ID casino and crypto options ensure quick payouts.
    • Anonymous Online Casino: Ideal for players prioritizing privacy.
    • Mobile Compatibility: Seamless gaming on iOS and Android devices.
    • Frequent Promotions: Weekly cashback, daily offers, and Telegram bonuses.
    • VIP Program: Exclusive rewards for loyal Canadian players.

    Downsides:

    • High Wagering Requirements: Some bonuses have restrictive playthrough conditions.
    • Slower Bank Transfers: Compared to crypto or e-wallet options, bank transfers lag.
    • Limited Customer Support Hours: Live chat isn’t 24/7, which may inconvenience some players.

    Our Favourite Overall Casino in Canada

    7Bit Casino is our top pick for the best online casinos Canada in 2025, blending variety, security, and player-focused features. Its vast selection of games, from slots to live dealer tables, ensures endless entertainment. The anonymous online casino setup appeals to privacy-conscious Canadians, while the pay ID casino feature streamlines transactions.

    With a decade of industry experience, 7Bit’s reliability and innovation make it a standout among new online casinos, earning it a loyal Canadian fanbase. Its Canada-specific features, like Interac support and CAD transactions, solidify its position.

    How to Join 7Bit Casino

    Joining 7Bit Casino is a breeze for Canadian players looking to explore the best online casinos Canada. Follow these steps:

    1. Visit 7Bit Casino: Click here to be taken directly to the 7Bit Casino sign-up page.
    2. Register: Click “Sign Up” and enter your email, password, and preferred currency.
    3. Verify Your Account: Confirm your email via the link sent to your inbox.
    4. Claim the Welcome Bonus: Deposit to unlock the 325% bonus up to 5.25 BTC and 250 free spins.
    5. Start Playing: Dive into the best online pokies or table games.

    The process is quick, secure, and tailored for Canadians, making 7Bit a top choice for new online casinos.

    How to Choose a Safe and Legal Online Casino in Canada

    • Check Licensing: Ensure the casino is licensed by a reputable authority, such as the Curacao eGaming Commission (like 7Bit), Malta Gaming Authority, or iGaming Ontario. In Ontario, look for the iGaming Ontario logo.
    • Verify Security: Confirm the site uses SSL encryption to protect personal and financial data. Check for secure payment methods like Interac, Bitcoin, or Skrill.
    • Read Reviews: Research player reviews and expert analyses on trusted platforms to assess the casino’s reputation, payout reliability, and customer support.
    • Confirm Game Fairness: Choose casinos with games from reputable providers (e.g., NetEnt, Microgaming) and third-party audits (e.g., eCOGRA) to ensure fair play and high RTPs.
    • Check Payment Options: Opt for casinos offering Canada-friendly methods like Interac, CAD support, and fast withdrawals. Crypto options are a plus for anonymity.
    • Review Bonuses: Look for transparent bonus terms with reasonable wagering requirements. Avoid sites with overly restrictive conditions.
    • Ensure Responsible Gambling Tools: Safe casinos provide deposit limits, self-exclusion, and links to support organizations like Gamblers Anonymous.
    • Avoid Unlicensed Sites: Stick to provincially licensed platforms (e.g., PlayNow, Espacejeux) or reputable offshore casinos. Unlicensed sites risk fraud and lack recourse for disputes.

    How We Selected the Best Online Casino in Canada

    Choosing the best online casinos in Canada involves a rigorous evaluation process. Here’s how we crowned 7Bit Casino as the top pick for 2025:

    License and Security

    7Bit Casino operates under a Curacao eGaming license, ensuring compliance with international standards. It employs SSL encryption to protect player data, making it a secure choice for Canadians. As a best no KYC casino, it balances anonymity with robust security measures, appealing to those seeking an anonymous online casino.

    Bonuses and Promotions

    The welcome package- 325% up to 5.25 BTC plus 250 free spins is unmatched. Ongoing offers like weekly cashback (up to 20%), Monday reloads (25% up to 6.5 mBTC + 50 FS), and Telegram bonuses (50-111 FS) keep players engaged. These promotions make 7Bit a leader in the best online casinos Canada.

    Casino Games

    With over 10,000 games, 7Bit offers something for everyone. Canadians can enjoy the best online pokies, table games, and live dealer options. Popular titles include Mega Moolah, Raging Lion, and Snoop Dogg Dollars, ensuring variety and high RTPs.

    Casino Game Providers

    7Bit partners with top-tier providers like NetEnt, Microgaming, Pragmatic Play, and Evolution Gaming. These industry giants deliver high-quality graphics, immersive gameplay, and fair outcomes, solidifying 7Bit’s position among the Best Online Casinos in Canada.

    Banking Methods

    7Bit supports a wide range of payment options for Canadians, from fiat (Visa, Mastercard, Interac) to cryptocurrencies (Bitcoin, Litecoin, Ethereum). The pay ID casino feature ensures instant deposits and fast withdrawals, catering to modern players.

    Customer Support

    While not 24/7, 7Bit’s customer support is responsive via live chat and email. A comprehensive FAQ section addresses common queries, ensuring Canadians get timely assistance when exploring new online casinos.

    >>CLAIM 325% UP TO 5.25 BTC PLUS 250 FREE SPINS NOW!<<

    How We Choose the Top-Rated Casino Sites in Canada

    Our selection process for the best online casinos in Canada prioritizes player experience, safety, and value. We evaluate licensing, game variety, payment speed, and bonus fairness. 7Bit excels in these areas, offering a secure platform, diverse games, and rapid payouts. Its anonymous online casino features and pay ID casino options align with Canadian preferences, making it a top contender in 2025.

    Follow these key steps to ensure you’re choosing a trustworthy platform that prioritizes your safety, provides fair play, and offers a great gaming experience.

    The Selection Process: Defining Excellence in Online Gaming

    To define excellence, we assess:

    • Licensing: Valid credentials from reputable authorities like Curacao eGaming.
    • Game Quality: High RTPs, diverse genres, and top providers.
    • Bonuses: Generous offers with reasonable terms.
    • Payments: Fast, secure, and Canada-friendly methods.
    • Support: Accessible and efficient customer service.

    7Bit Casino meets these criteria, earning its place among the best online casinos in Canada.

    Best Online Casino Games for Canadian Players

    7Bit Casino boasts over 10,000 games, though some sources cite 8,000+ available in Canada due to regional restrictions. This vast library includes:

    • Slots: From classics like Johnny Cash to progressive jackpots like Mega Moolah, 7Bit offers the best online pokies for Canadians.
    • Table Games: Blackjack, roulette, poker, and craps cater to strategy enthusiasts.
    • Live Dealer Games: Evolution Gaming powers immersive experiences with real-time dealers.
    • Instant Wins: Scratch cards and quick-play games for casual fun.
    • Progressive Jackpots: Games like Divine Fortune offer massive payouts.
    • Exclusive Titles: 7Bit CasinoMillion and 7Bit Bonanza are unique to the platform.

    This diversity, combined with regular game updates, makes 7Bit a gaming paradise and a top pick for new online casinos.

    Craps

    Craps at 7Bit Casino is a hit among Canadian players, offering fast-paced dice action. Powered by providers like Betsoft, the game features high-quality graphics and customizable betting options. Both standard and live dealer versions are available, ensuring variety for fans of this classic table game. Canadians can bet as low as CAD 0.50, making it accessible.

    Live Dealer Games

    Evolution Gaming and Pragmatic Play power 7Bit’s live dealer section, a highlight of the best online casinos Canada. Canadian players can enjoy:

    • Live Blackjack: Multiple tables with stakes from CAD 1 to CAD 5,000.
    • Live Roulette: European, American, and French variants.
    • Live Poker: Texas Hold’em and Caribbean Stud.
    • Live Baccarat: Classic and speed versions.
    • Game Shows: Titles like Crazy Time and Monopoly Live add fun.

    The immersive experience, with HD streaming and professional dealers, rivals land-based casinos.

    Poker

    Poker enthusiasts will find a robust selection at 7Bit Casino, including video poker (Jacks or Better, Deuces Wild) and live poker tables. Tournaments and cash games cater to all skill levels, with buy-ins starting at CAD 1. Weekly poker leaderboards offer cash prizes, making 7Bit a top choice for Canadians seeking new online casinos with strong poker offerings.

    Roulette

    7Bit’s roulette games include European, American, and French variants, available in RNG and live dealer formats. With bets starting at CAD 0.10, it’s accessible for all budgets. The best online pokies may dominate, but roulette’s strategic depth keeps players engaged, with live tables offering real-time excitement.

    Blackjack

    Blackjack at 7Bit is a staple, with over 50 variants like Classic, European, and Multihand. Live dealer tables offer real-time thrills, while low-stake options (starting at CAD 0.50) suit casual players. High rollers can access VIP tables with bets up to CAD 10,000, reinforcing 7Bit’s status as the best online casinos Canada.

    Slots

    Slots are 7Bit’s crown jewel, with over 8,000 titles available in Canada. Popular games include:

    • Mega Moolah: Progressive jackpot with life-changing payouts.
    • Johnny Cash: High-RTP slot with engaging themes.
    • Snoop Dogg Dollars: Modern, music-themed slot with free spins.
    • 7Bit CasinoMillion: Exclusive title with unique bonus features.

    The best online pokies at 7Bit feature high RTPs (up to 98%) and frequent bonus rounds, making them a draw for Canadian players. Regular slot tournaments offer cash prizes and free spins, enhancing the experience.

    Payment Options

    7Bit Casino offers a comprehensive range of payment methods for Canadian players, ensuring flexibility and speed. Below is a detailed list of options available in Canada, based on the uploaded document and web research:

    Fiat Currency Methods

    • Visa: Deposits are instant; withdrawals take 1-3 days.
    • Mastercard: Instant deposits; withdrawals in 1-3 days.
    • Interac: Instant deposits and withdrawals (1-24 hours). A favorite for Canadians due to its local integration.
    • Neosurf: Prepaid vouchers for instant deposits. Not available for withdrawals.
    • Skrill: Instant deposits and withdrawals (1-24 hours).
    • Neteller: Instant deposits; withdrawals in 1-24 hours.
    • PaysafeCard: Instant deposits via prepaid cards. Not available for withdrawals.
    • Bank Transfer: Deposits take 1-3 days; withdrawals take 3-5 days. Lower but reliable.

    Cryptocurrency Methods

    • Bitcoin (BTC): Instant deposits and withdrawals (within 10 minutes). Minimum deposit: 0.0001 BTC.
    • Litecoin (LTC): Instant transactions. Minimum deposit: 0.01 LTC.
    • Ethereum (ETH): Instant deposits and withdrawals. Minimum deposit: 0.01 ETH.
    • Dogecoin (DOGE): Instant transactions. Minimum deposit: 1 DOGE.
    • Binance Coin (BNB): Instant deposits and withdrawals. Minimum deposit: 0.01 BNB.

    The pay ID casino feature, integrated with Interac and crypto options, ensures seamless transactions. Cryptocurrencies are ideal for Canadians seeking the best no KYC casino, offering anonymity and speed. All methods support CAD, eliminating currency conversion fees. 7Bit Casino also imposes no withdrawal limits for crypto, a major plus for high rollers.

    Customer Support

    7Bit Casino provides reliable customer support for Canadian players, though it’s not 24/7. Options include:

    • Live Chat: Available during business hours (typically 9 AM–11 PM EST). Response time: 1-2 minutes.
    • Email: Support@7bitcasino.com, with responses within 24 hours.
    • FAQ Section: Covers account setup, bonuses, and payments.
    • Social Media: 7Bit responds to queries via Telegram, enhancing accessibility.

    While the lack of round-the-clock support is a drawback, the team is efficient, making 7Bit a strong contender in the best online casinos in Canada.

    Other Key Features of 7Bit Casino

    Responsible Gambling Tools

    7Bit Casino prioritizes player well-being, offering tools like deposit limits, session reminders, and self-exclusion options. Canadians can access resources for responsible gambling, including links to organizations like Gamblers Anonymous, ensuring a safe experience at the best no KYC casino.

    Localized Experience

    7Bit tailors its platform for Canadians by offering French-language support for Quebec players, alongside English. The site’s interface is optimized for Canadian time zones, with promotions timed to align with local holidays like Canada Day, often featuring exclusive free spins or cashback offers.

    Crypto-Friendly Features

    As a leader in anonymous online casino gaming, 7Bit supports lesser-known cryptocurrencies like Ripple (XRP) and Tether (USDT) in Canada, alongside Bitcoin and Ethereum. These options cater to tech-savvy players, with instant transactions and no fees, making 7Bit a top pay ID casino.

    Community Engagement

    7Bit fosters a sense of community through its Telegram channel, offering exclusive bonuses and direct support. This social engagement builds trust among Canadian players, positioning 7Bit as a leader among new online casinos.

    Regular Software Audits

    7Bit’s games are audited by third-party agencies like eCOGRA, ensuring fair play and transparency. This commitment to integrity resonates with Canadians seeking a trustworthy platform in the best online casinos Canada.

    The Most Popular Pay-out Methods at 7Bit Canadian Casino

    Canadian players at 7Bit Casino prefer:

    • Interac: Instant withdrawals (1-24 hours) and widespread availability.
    • Bitcoin: Fast (10 minutes) and anonymous, ideal for best no KYC casino users.
    • Skrill/Neteller: E-wallets with 1-24 hour payouts.
    • Visa/Mastercard: Reliable, though slower (1-3 days).

    These methods align with the preferences of players at the best online casinos in Canada, balancing speed, security, and convenience. Interac and Bitcoin are particularly popular due to their speed and Canada-specific integration.

    7Bit Casino Conclusion: The Best Canadian Online Casino

    7Bit Casino is the undisputed leader in the best online casinos Canada for 2025, with a 4.9/5 rating. It’s 10,000+ games, generous bonuses, and Canada-friendly payment options like Interac and Bitcoin make it a standout.

    Whether you’re after the best online pokies, live dealer thrills, or an anonymous online casino experience, 7Bit delivers. Despite minor drawbacks like high wagering requirements, its innovation, localized features, and player focus make it the ultimate choice for Canadian gamblers. Join today and claim your 325% welcome bonus!

    >>READY TO PLAY? REGISTER AT 7BIT CASINO AND CLAIM YOUR WELCOME OFFER!<<

    FAQs

    1. Is 7Bit Casino legal in Canada?
      Yes, 7Bit operates under a Curacao eGaming license and is accessible to Canadian players.
    2. What is the welcome bonus at 7Bit Casino?
      New players get a 325% bonus up to 5.25 BTC plus 250 free spins across four deposits.
    3. Does 7Bit Casino support Canadian payment methods?
      Yes, it offers Interac, Visa, Mastercard, Skrill, Neteller, and cryptocurrencies like Bitcoin.
    4. Can I play anonymously at 7Bit Casino?
      Yes, 7Bit is the best no KYC casino, allowing anonymous gameplay with crypto.
    5. What games are available at 7Bit Casino?
      Over 10,000 games, including slots, blackjack, roulette, poker, craps, and live dealer options.

    Email: Support@7bitCasino.com

    Disclaimer and Affiliate Disclosure

    General Disclaimer

    This article is for informational and entertainment purposes only, not legal or financial advice. Content is based on research and user reviews as of writing. No warranties are made, and users must verify information before acting.

    Casino and Gambling Disclaimer

    Online gambling carries risks and isn’t for everyone. Confirm you’re of legal gambling age in your jurisdiction. Gambling laws vary, and compliance is your responsibility. We don’t promote gambling; participation is at your risk. 7Bit Casino is a third-party platform, and we’re not liable for losses or disputes.

    Affiliate Disclosure

    This article may include affiliate links, earning us a commission at no cost to you for qualifying actions. These support our content. Our reviews are unbiased, and we recommend only valuable products. Do your own research before signing up.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/7aa54c09-abc4-4721-accb-22abc8d4b0d8

    The MIL Network –

  • MIL-OSI Security: Defense News: USS New York, USS Oak Hill to Participate in Fleet Week New York 2025

    Source: United States Navy

    NORFOLK, Va. – Fleet Week New York returns to New York City on May 21 – 27, 2025, with two U.S. Navy ships, two Coast Guard cutters, and five U.S. Navy Academy Yard Patrol boats (YPs). Additionally, our Canadian neighbor will join the week-long celebration.

    MIL Security OSI –

  • MIL-OSI: CORRECTION: Boralex will release its 2025 first quarter financial results on May 14, at 9 a.m.

    Source: GlobeNewswire (MIL-OSI)

    MONTREAL, April 24, 2025 (GLOBE NEWSWIRE) — Boralex inc. (“Boralex” or the “Company”) (TSX: BLX) announces that the release of the 2025 first quarter results will take place on Wednesday, May 14, 2025, at 9 a.m. (previously announced at 9:30 a.m.).

    Financial analysts and investors are invited to attend a conference call during which the financial results will be presented.

    Date and time

    Wednesday, May 14, 2025, at 9 a.m. ET

    To attend the conference

    Webcast link: https://edge.media-server.com/mmc/p/3nwdfvm2 

    To attend the event by phone: Click here to register for the earnings call. Once you have completed your registration, you will receive a confirmation email containing the link and your personal PIN to connect to the call. If you lose this link and your PIN, you will be able to register again. You must register if you wish to attend the call by phone.

    Media and other interested individuals are invited to listen to the conference and view a presentation which will be broadcasted live and on a deferred basis on Boralex’s website at www.boralex.com. A full replay will also be available on Boralex’s website until May 14, 2026.

    The financial information will be released through a press release and on Boralex’s website on May 14, 2025, at 7 a.m.

    About Boralex

    At Boralex, we have been providing affordable renewable energy accessible to everyone for over 30 years. As a leader in the Canadian market and France’s largest independent producer of onshore wind power, we also have facilities in the United States and development projects in the United Kingdom. Over the past five years, our installed capacity has more than doubled to over 3.1 GW. Our pipeline of projects and growth path total over 78GW in wind, solar and electricity storage projects. We develop those projects guided by our values and our corporate social responsibility (CSR) approach. Through profitable and sustainable growth, Boralex is actively participating in the fight against global warming. Thanks to our fearlessness, our discipline, our expertise and our diversity, we continue to be an industry leader. Boralex’s shares are listed on the Toronto Stock Exchange under the ticker symbol BLX.  

    For more information, visit boralex.com or sedarplus.com. Follow us on Facebook, LinkedIn and Instagram.  

    For more information

    MEDIA INVESTOR RELATIONS
    Camille Laventure
    Senior Advisor, Public Affairs and External Communications

    Boralex Inc.

    438-883-8580
    camille.laventure@boralex.com

    		 Stéphane Milot
    Vice President, Investor Relations and Financial Planning and Analysis

    Boralex Inc.

    514-213-1045
    stephane.milot@boralex.com

    Source: Boralex inc.        

    The MIL Network –

  • MIL-OSI Canada: Tick Safety Important Across Nova Scotia

    Source: Government of Canada regional news

    Tick populations are growing in every part of Nova Scotia, urban and rural. With the temperature above freezing, it is important for people to take the necessary steps to protect themselves, their family and pets.

    “Ticks are not just a nuisance, they carry serious diseases,” said Provincial Medical Officer of Health Dr. Jennifer Cram. “That’s why it’s important to take simple precautions like using insect repellants before you spend time outdoors and checking for ticks on your body daily.”

    Ticks like moist and humid environments and can often be found in areas of high vegetation such as tall grass, shrubs, urban parks, gardens and forests.

    There are several kinds of ticks in Nova Scotia, including the blacklegged tick, which is known to transmit diseases such as Lyme disease, anaplasmosis, babesiosis and Powassan virus infection.

    People can reduce their risk by:

    • checking their clothing and body carefully for ticks after spending time outside
    • wearing long pants and long sleeves in areas likely to have ticks
    • wearing light-coloured clothing (light colours make it easier to see ticks)
    • wearing enclosed shoes and tucking their pants into their socks
    • walking on well-travelled paths, avoiding long grass and vegetation
    • applying insect repellents approved by Health Canada to exposed skin and clothes (following directions carefully).

    People with questions or concerns about tick safety or tick-borne diseases can call 811 or the Nova Scotia Health Tick Hotline at 902-266-7199 or toll-free at 1-866-266-7199.

    Local pharmacists can assess tick bites and determine if a preventive antibiotic is needed. More information is at: https://novascotia.ca/dhw/pharmacare/healthcare-services.asp

    Quick Facts:

    • ticks can be found throughout the province as the weather begins to warm, particularly if the temperature is above 4 degrees C

    Additional Resources:

    More information, including how to remove and dispose of ticks safely, is available at: https://novascotia.ca/ticksafety/

    Tick-check poster: https://novascotia.ca/ticksafety/poster.pdf

    More information about the Nova Scotia Health Tick Hotline is available at: https://www.nshealth.ca/clinics-programs-and-services/nova-scotia-health-tick-service

    MIL OSI Canada News –

  • MIL-OSI Canada: Minister of Finance to hold a media callback following the G7 Finance Ministers and Central Bank Governors meeting in Washington, D.C.

    Source: Government of Canada News

    April 24, 2025

    Following a meeting of the G7 Finance Ministers and Central Bank Governors hosted by Canada, as part of its G7 presidency, the Minister of Finance, the Honourable François-Philippe Champagne, will hold a virtual callback and take questions from the media.  

    Date: April 24, 2025
    Time: 1:30 p.m. ET

    Media representatives who wish to participate are asked to pre-register by emailing mediare@fin.gc.ca. Details on how to participate will be provided upon registration.

    Contacts

    Media Relations
    Department of Finance Canada
    mediare@fin.gc.ca
    613-369-4000

    Stay Connected

    MIL OSI Canada News –

  • MIL-OSI Security: Mill Village — UPDATE: RCMP upgrade charges to Second-Degree Murder

    Source: Royal Canadian Mounted Police

    The Southwest Nova RCMP Major Crime Unit has upgraded a charge to Second-Degree Murder after the death of the victim of an assault in Mill Village.

    On March 28, 2025, at approximately 3:30 a.m., Queens District RCMP and EHS responded to a weapons call at a home on Hwy. 3 in Mill Village. When officers arrived at the scene, they located a man with life-threatening injuries and learned that another man had left in a vehicle. The victim, an 84-year-old man, was transported to hospital by EHS, with injuries consistent with being stabbed.

    At approximately 7:45 a.m., officers located the suspect at home in Voggler’s Cove and he was safely arrested.

    Derek Dominix, age 60, of Mill Village, was subsequently charged with Attempt to Commit Murder and was remanded into custody.

    Original news release here.

    On April 11, 2025, the victim, who had been in the hospital since the incident, died from their injuries. The Nova Scotia Medical Examiner’s Office ruled the death a homicide. The man’s death was the result of intimate partner violence.

    The Southwest Nova RCMP Major Crime Unit has taken carriage of the investigation. On April 22, 2025, the charge of Attempt to Commit Murder that had been laid against Dominix was upgraded to Second-Degree Murder. Dominix remains in custody and will appear in Bridgewater Provincial Court on May 15, 2025, at 9:30 a.m.

    Nova Scotia RCMP encourages anyone experiencing, or at risk of, intimate partner violence to reach out. Support is available across Nova Scotia and can be accessed by dialing 211, calling the provincial toll-free line at 1-855-225-0220, or visiting Nova Scotia 211 online. You can access support anonymously.

    MIL Security OSI –

  • MIL-OSI: Smackover Lithium’s South West Arkansas Project Receives Unanimous Vote of Approval to Establish the Phase I Brine Production Unit from the Arkansas Oil and Gas Commission

    Source: GlobeNewswire (MIL-OSI)

    LEWISVILLE, Ark., April 24, 2025 (GLOBE NEWSWIRE) — Smackover Lithium, a Joint Venture (“JV”) between Standard Lithium Ltd. (“Standard Lithium” or the “Company”) (TSXV:SLI) (NYSE:A:SLI) and Equinor, is pleased to announce that the brine production unit, now formally named the Reynolds Unit, for Phase I of its South West Arkansas (“SWA”) Project has been unanimously approved by the Arkansas Oil and Gas Commission (“AOGC”) with no objections or opposition in a hearing that was open to all stakeholders from the community.

    “We thank the AOGC for their due diligence in reviewing our application and for their swift approval,” said Standard Lithium’s President and COO, Dr. Andy Robinson, who provided testimony at the hearing. “The establishment of the Reynolds brine unit is another key milestone our team has now successfully completed as we march towards a final investment decision for the SWA Project, and also a necessary statutory requirement as we look to set a royalty for the unit in late May.”

    “Gaining regulatory approval for our first brine unit is an important step in our project timeline. We look forward to working with the AOGC and community stakeholders to establish a competitive royalty rate for this unit and continue momentum with the SWA Project,” said Allison Kennedy Thurmond, VP of US Lithium at Equinor.

    The Reynolds unit is 20,854 acres in size and is planned to produce 22,500 tonnes per year of battery-quality lithium carbonate once in full commercial production, expected in 2028. For more information about the SWA Project and Smackover Lithium, please visit www.smackoverlithium.com

    About Standard Lithium Ltd.

    Standard Lithium is a leading near-commercial lithium development company focused on the sustainable development of a portfolio of large, high-grade lithium-brine properties in the United States. The Company prioritizes projects characterized by the highest quality resources, robust infrastructure, skilled labor, and streamlined permitting. Standard Lithium aims to achieve sustainable, commercial-scale lithium production via the application of a scalable and fully integrated Direct Lithium Extraction (“DLE”) and purification process. The Company’s flagship projects are located in the Smackover Formation, a world-class lithium brine asset, focused in Arkansas and Texas. In partnership with global energy leader Equinor, Standard Lithium is advancing the South West Arkansas project, a greenfield project located in southern Arkansas, and actively exploring promising lithium brine prospects in East Texas. Standard Lithium also holds an interest in certain mineral leases in the Mojave Desert in San Bernardino County, California.

    Standard Lithium trades on both the TSX Venture Exchange and the NYSE American under the symbol “SLI”. Please visit the Company’s website at www.standardlithium.com.

    About Equinor

    Equinor is an international energy company committed to long-term value creation in a low-carbon future. Equinor’s portfolio of projects encompasses oil and gas, renewables and low-carbon solutions, with an ambition of becoming a net-zero energy company by 2050. Headquartered in Norway, Equinor is the leading operator on the Norwegian continental shelf and is present in around 30 countries worldwide. Our partnership with Standard Lithium to mature DLE projects builds on our broad US energy portfolio of oil and gas, offshore wind, low carbon solutions and battery storage projects.

    For more information on Equinor in the US, please visit: Equinor in the US – Equinor

    Investor and Media Inquiries

    Chris Lang
    Standard Lithium Ltd.
    +1 604 409 8154
    investors@standardlithium.com

    Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain certain “Forward-Looking Statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When used in this news release, the words “anticipate”, “believe”, “estimate”, “expect”, “target”, “plan”, “forecast”, “may”, “schedule” and other similar words or expressions identify forward-looking statements or information. These forward-looking statements or information may relate to intended development timelines, future prices of commodities, accuracy of mineral or resource exploration activity, reserves or resources, regulatory or government requirements or approvals, the reliability of third party information, continued access to mineral properties or infrastructure, fluctuations in the market for lithium and its derivatives, changes in exploration costs and government regulation in Canada and the United States, and other factors or information. Such statements represent the Company’s current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements and information other than as required by applicable laws, rules and regulations.

    The MIL Network –

  • MIL-OSI: Australian Oilseeds Issues Annual Shareholder Letter

    Source: GlobeNewswire (MIL-OSI)

    COOTAMUNDRA, Australia, April 24, 2025 (GLOBE NEWSWIRE) — Australian Oilseeds Holdings Limited, a manufacturer and seller of sustainable edible oils to customers globally, today issued a letter to shareholders from Gary Seaton, Chairman and Chief Executive Officer, that highlights recent performance and future milestones.

    Dear Fellow Shareholders,

    Across the globe, 2024 presented serious challenges including the ongoing war in Ukraine and serious conflicts in the Middle East and growing geopolitical discord, notably with China. Our hearts go out to those whose lives are profoundly affected by these events.

    Despite the unsettling geopolitical discord, we are pleased with our progress since launching the Company, as a Nasdaq listed company, and its unique products of Non-GMO cold-pressed and chemically-free processed oils.

    Within the last 12 months, we have sold our products through the majority of retailers in Australia, including Woolworths and Coles, the two largest supermarket chains in Australia, as well as Costco and Independent Grocers of Australia, an Australian chain of supermarkets (IGA), with sales and awareness gradually increasing. In addition to our expanding market presence in Australia, the Company has also been successful in exporting and marketing its products in Japan, China and Vietnam.

    Throughout the last year, we have demonstrated the power of our mission and guiding principles, as well as the value of being there for our customers. The result was continued healthy growth across our products and geographic expansion. Fiscal 2024 results were strong with revenues increasing by more than 16% driven by strong demand for our cold pressed canola oils. Our gross margin improved by 40 basis points and we delivered Adjusted EBITDA growth of nearly 16%. Our business momentum continues to build and we remain deeply committed to our mission as well as driving long-term value for our Shareholders.

    We believe we are well positioned for the future and anticipate several key milestones as we continue to execute our growth strategy. Within the next six months we expect that our Good Earth Oils brands of Australian Canola Oil and Olive oil will be launched in Taiwan and India. We are also expecting significant growth in China over the next 12 months as we benefit from Australia’s preferential duty for its products into China compared to Canada and USA, which have current import duties of 100% and 124% respectively. Finally, we intend to launch our products in the USA subject to clarity on the current tariff structure for Australian imports into the USA – the current tariff structure on Australian Canola Oil into the USA is 10%.

    I would like to express my deep gratitude to our Shareholders and our employees. We appreciate your continued support as we continue our exciting journey of taking chemicals out of the food supply chain and promoting healthy Canola Oil and Olive oil to consumers around the world along with the concept of regenerative farming.

    Sincerely,
    Gary Seaton
    Chairman and Chief Executive Officer

    About Australian Oilseeds Holdings Limited. Australian Oilseeds Holdings Limited, a Cayman Islands exempted company (the “Company”) (NASDAQ: COOT) through its subsidiaries, including Australian Oilseeds Investments Pty Ltd., an Australian proprietary company, tis focused on the manufacture and sale of sustainable oilseeds (e.g., seeds grown primarily for the production of edible oils) and is committed to working with all suppliers in the food supply chain to eliminate chemicals from the production and manufacturing systems to supply quality products to customers globally. The Company engages in the business of processing, manufacture and sale of non-GMO oilseeds and organic and non-organic food-grade oils, for the rapidly growing oilseeds market, through sourcing materials from suppliers focused on reducing the use of chemicals in consumables in order to supply healthier food ingredients, vegetable oils, proteins and other products to customers globally. Over the past 20 years, the Company’s cold pressing oil plant has grown to become the largest in Australia, pressing strictly GMO-free conventional and organic oilseeds.

    Contact
    Australian Oilseeds Holdings Limited
    126-142 Cowcumbla Street
    Cootamundra New South Wales 2590
    Attn: Amarjeet Singh, CFO
    Email: amarjeet.s@energreennutrition.com.au

    Investor Relations Contact
    Reed Anderson
    (646) 277-1260
    reed.anderson@icrinc.com

    The MIL Network –

  • MIL-OSI: Matador Technologies Announces Investor Relations and Marketing Partnerships

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, April 24, 2025 (GLOBE NEWSWIRE) — Matador Technologies Inc. (“Matador” or the “Company”) (TSXV: MATA, OTCQB:MTDTF), a Bitcoin Ecosystem company, is pleased to announce that it has engaged two strategic partners to support its investor relations, marketing, and business development initiatives, including Alpha Nine Ventures Ltd. (“A9V”) and Outside The Box Capital (“OTB”).

    Alpha Nine Ventures (A9V)

    Matador has engaged Alpha Nine Ventures, a Nevada-based consulting firm, to assist with investor relations, business development, and capital markets advisory. A9V will provide strategic introductions to financial media professionals, institutional investors, and industry influencers. Additionally, A9V will support the refinement of Matador’s marketing materials and investor communications. The engagement was signed on March 17, 2025, and is for a term of March 17, 2025 – March 17, 2026, with compensation of USD$200,000. This is the total compensation for the arrangement and is paid in advance for the services provided.

    Outside The Box Capital (OTB)

    Matador has also engaged Outside The Box Capital, a Toronto-based firm specializing in digital marketing and retail investor engagement, to enhance its marketing presence in Canada. OTB will support Matador with digital media campaigns, social media outreach, and influencer engagement to increase visibility within the Canadian investment community. The engagement was signed on March 15, 2025, and is for a term of March 15, 2025 – September 15, 2025, with compensation of CAD$150,000. This is the total compensation for the arrangement and is paid in advance for the services provided.

    “We are excited to work with Alpha Nine Ventures and Outside The Box Capital to expand Matador’s visibility across key investor markets. These partnerships will help us effectively communicate our vision and growth strategy to a global audience,” said Deven Soni, CEO of Matador Technologies.

    For additional information, please contact:

    Media Contact:
    Sunny Ray
    President
    Email: sunny@matador.network
    Phone: 647-932-2668

    About Matador Technologies Inc.
    Matador Technologies Inc. leverages blockchain technology to digitize real-world assets like gold. Focused on building innovative financial solutions, Matador is at the forefront of integrating blockchain technology to preserve and grow value. Matador’s digital gold platform aims to democratize the gold buying experience, combining the best of modern technology and time-proven assets, to create a platform that will allow users to buy, sell, and store gold 24/7 in a convenient and engaging way.

    Cautionary Statement Regarding Forward-Looking Information

    NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

    This news release does not constitute an offer to sell or the solicitation of an offer to buy any securities in any jurisdiction.

    Forward Looking Statements – Certain information set forth in this news release may contain forward-looking statements that involve substantial known and unknown risks and uncertainties, including risks associated with the implementation of the Company’s treasury management strategy and the launch of its mobile application as currently proposed or at all. These forward-looking statements are subject to numerous risks and uncertainties, certain of which are beyond the control of the Company, including with respect to the potential acquisition of Bitcoin and/or US dollars, the pricing of such acquisitions and the timing of future operations. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward-looking statements.

    The MIL Network –

  • MIL-OSI: Nasdaq Reports First Quarter 2025 Results; Diversified Business Model Driving Broad-Based Revenue Growth

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, April 24, 2025 (GLOBE NEWSWIRE) — Nasdaq, Inc. (Nasdaq: NDAQ) today reported financial results for the first quarter of 2025.

    • First quarter 2025 net revenue1 was $1.2 billion, an increase of 11% over the first quarter of 2024, or up 12.5% on an adjusted2 basis. This included Solutions3 revenue growing 9%, or up 11% on an adjusted basis.
    • Annualized Recurring Revenue (ARR)4 of $2.8 billion increased 8% over the first quarter of 2024, or up 9% on an organic basis. Annualized SaaS revenue increased 14% and represented 37% of ARR.
    • Financial Technology revenue of $432 million increased 10% over the first quarter of 2024 with Financial Crime Management Technology revenue up 21%.
    • Index revenue of $193 million grew 14%, or 26% on an adjusted basis, with $86 billion of net inflows over the trailing twelve months and $27 billion in the first quarter of 2025.
    • GAAP diluted earnings per share grew 69% in the first quarter of 2025. Non-GAAP5 diluted earnings per share grew 24% in the first quarter of 2025.
    • In the first quarter of 2025, the company returned $138 million to shareholders through dividends and $115 million through repurchases of common stock. The company also repurchased $279 million of senior unsecured notes in the quarter.

    First Quarter 2025 Highlights

    (US$ millions, except per share) 1Q25 YoY change % Adjusted YoY
    change %    		 Organic6YoY
    change %
    Solutions revenue $947 9% 11% 9%
    Market Services net revenue $281 19% 19% 19%
    Net revenue $1,237 11% 12% 11%
    Non-GAAP operating income $682 15% 17% 14%
    ARR $2,831 8% 9% 9%
    GAAP diluted EPS $0.68 69%    
    Non-GAAP diluted EPS $0.79 24%   24%

    Adena Friedman, Chair and CEO said, “Nasdaq’s first quarter results underscore the resilience of our business model and our ability to deliver growth across our divisions in a rapidly shifting environment.

    As a trusted partner and platform company, we are empowering our clients to address their most pressing risks and challenges and confidently navigate complex macroeconomic conditions. With our portfolio of complementary, mission-critical solutions, we are well-positioned to deliver sustainable growth through 2025 and the medium-term.”

    Sarah Youngwood, Executive Vice President and CFO said, “Nasdaq delivered one of its strongest quarters yet, with all three divisions achieving robust revenue growth and contributing to stellar EPS growth. We demonstrated strong operating leverage and our high level of cash flow enabled us to make meaningful progress on our capital allocation strategy of investing in organic growth, reducing debt, and repurchasing shares.

    We are grateful for our clients’ trust and remain focused on supporting them in these times of uncertainty, executing on our growth opportunities, and continuing to delever while making focused strategic investments to capitalize on our compelling organic growth opportunity.”

    FINANCIAL REVIEW

    • First quarter 2025 net revenue was $1,237 million, reflecting 11% growth versus the prior year period. Adjusted net revenue growth was 12.5%.
    • Solutions revenue was $947 million in the first quarter of 2025, up 9% versus the prior year period, or up 11% on an adjusted basis, reflecting strong growth from Index and Financial Technology.
    • ARR grew 8% year-over-year, or 9% on an organic basis, in the first quarter of 2025 with 11% ARR growth for Financial Technology, or 12% on an organic basis, and 5% ARR growth for Capital Access Platforms.
    • Market Services net revenue was $281 million in the first quarter of 2025, up 19% versus the prior year period.
    • First quarter 2025 GAAP operating expenses were $690 million, a decrease of 3% versus the prior year period. The decrease in the first quarter was primarily due to lower expenses related to general and administrative expenses, lower restructuring costs, and lower compensation and benefits, partially offset by an increase in merger and strategic initiative costs.
    • First quarter 2025 non-GAAP operating expenses were $555 million, reflecting 6% growth versus the prior year period, or 7% growth on an organic basis. The organic increase for the quarter reflected growth driven by increased investments in technology and people to drive innovation and long-term growth, partially offset by the benefit of synergies.
    • Cash flow from operations was $663 million for the first quarter enabling the company to make continued progress on its deleveraging plan. In the first quarter of 2025, the company returned $138 million to shareholders through dividends and $115 million through repurchases of common stock. As of March 31, 2025, there was $1.6 billion remaining under the board authorized share repurchase program. The company also repurchased $279 million of senior unsecured notes for a net purchase price of $257 million in the first quarter of 2025.

    2025 EXPENSE AND TAX GUIDANCE UPDATE7

    • The company is updating its 2025 non-GAAP operating expense guidance to a range of $2,265 million to $2,325 million, and is maintaining its 2025 non-GAAP tax rate guidance in the range of 22.5% to 24.5%.

    STRATEGIC AND BUSINESS UPDATES

    • Financial Technology delivered durable and broad-based ARR growth. The One Nasdaq go to market strategy is elevating client engagement and driving product adoption resulting in robust ARR growth. FinTech ARR grew 12% on an organic basis in the first quarter with 40 new clients, 92 upsells, and 2 cross-sells. First quarter highlights included:
      • Financial Crime Management Technology revenue growth reflects momentum across both enterprise and small-and-medium bank (SMB) clients. Nasdaq Verafin secured several strategic first quarter wins including a cross-sell to a Tier 2 AxiomSL client and an upsell to a Tier 2 bank client, reflecting early progress on its land and expand enterprise client strategy. The business also added 35 new SMB clients in the first quarter, a 25% increase in new client signings over the prior year quarter. Nasdaq Verafin’s ongoing client growth is contributing to the growth and power of its data consortium, which now includes clients holding more than $10 trillion in total assets.
      • Regulatory Technology achieved solid ARR growth as our solutions helped clients navigate elevated market activity. AxiomSL signed a new large digital bank client and continued its momentum with existing clients with 22 upsells in the first quarter, including a strategic deal with a large Tier 1 U.S. financial institution. The Tier 1 client expanded its suite of AxiomSL services by incorporating a broker-dealer solution alongside their existing U.S., European, and Asian reporting modules. Surveillance signed 4 new clients in the quarter, including a European regulator, a crypto marketplace, an energy trading firm, and a broker-dealer.
      • Capital Markets Technology signed multiple strategic deals amid the market modernization megatrend. Strong execution and secular tailwinds are fueling new wins across the subdivision with Calypso completing 25 upsells and Market Technology signing 17 upsells in the first quarter. Market Technology also had a cross-sell to nuam, a consolidated market operator spanning Peru, Chile, and Colombia. In the first quarter, nuam selected Nasdaq’s newly launched trade, clearing, and central securities depositories (CSD) intelligence solution after signing Nasdaq’s Trade Multi Matching Engine in late 2023 and its member countries standardizing on Nasdaq’s CSD platform in December 2024.
    • Investments in Index powered alpha-driven revenue growth. Index had $27 billion in net inflows in the first quarter with average ETP AUM reaching $662 billion, to achieve a sixth consecutive record quarter, despite a more volatile market backdrop. Index’s performance reflects ongoing execution of its growth strategy of new product innovation, international diversification, and institutional client expansion. In the first quarter, Nasdaq launched 30 new Index products, including 10 international products, 7 in the institutional insurance annuity space, and 16 launched in partnership with new Index clients. New product launches have been a strong growth driver for Index and products launched since 2020 have accounted for 33% of net inflows over the last 5 years.
    • Nasdaq maintained listing leadership and passed $3 trillion of market value in cumulative transfers. During the quarter, Nasdaq welcomed 45 operating company listings that raised nearly $5 billion of proceeds, contributing to an 82% win rate of eligible operating companies in the quarter. First quarter wins included 3 of the quarter’s top 5 offerings, CoreWeave, SailPoint, and Smithfield Foods. In the first quarter, the company exceeded $3 trillion in combined market value for total listing transfers since Nasdaq first launched its switch program in 2005. Nasdaq welcomed 7 high-profile transfers in the quarter, including Shopify, Thomson Reuters, and Domino’s Pizza, that added over $230 billion in market value.
    • Market Services delivered record net revenues with record cash equities and derivatives volumes in the U.S. Within the recent market volatility, Nasdaq achieved U.S. record volumes in cash equities and equity options, including index options, in the first quarter. Nasdaq also extended its leadership in on-exchange trading with U.S. cash equities market share increasing year-over-year and sequentially. During the first quarter, Nasdaq’s North American markets experienced extraordinary message traffic, which reached a record of more than 425 billion messages8 in a day.
    • Nasdaq aims to expand U.S. market access to 24/5 trading in the second half of 2026. The planned launch of 24-hour trading on the Nasdaq Stock Market will broaden investor access and wealth-building opportunities globally, including in Asia, where demand for Nasdaq-listed stocks is accelerating. Nasdaq’s timeline is subject to regulatory approval and alignment with the industry participants.
    • Nasdaq and Amazon Web Services signed an enhanced agreement to amplify their prior partnership. The partnership aims to benefit both the Market Services and Financial Technology divisions and advance Nasdaq’s vision to be the trusted fabric of the world’s financial system. Nasdaq plans to offer its financial services clients new cloud-based solutions in phases. The initial phase focuses on providing market operators with public and hybrid cloud infrastructure, software, and services offerings that mitigate transformation risk, retain data sovereignty, and optimize performance, latency, security, and resilience. Nasdaq’s Nordic markets will be among the first markets to leverage the infrastructure powered by the new partnership, subject to regulatory approval. Nasdaq also has expanded its modernization partnerships with both the Johannesburg Stock Exchange (JSE) and Mexico’s Grupo BMV.
    • Nasdaq is executing on its 2025 strategic priorities — Integrate, Innovate, Accelerate — positioning the company to capitalize on opportunities for sustainable, scalable, and resilient growth.
      • Integrate – Nasdaq is on track to action its $140 million expanded net expense efficiency program by year-end, with over $100 million actioned as of the end of the first quarter. Moody’s upgraded Nasdaq’s senior unsecured debt rating from Baa2 to Baa1 on March 31.
      • Innovate – Nasdaq continued to amplify innovation across the company as the team rolled out new AI-powered features to our solutions and product offerings and launched new Index products. Client usage of Nasdaq Verafin’s Co-Pilot tool grew 20% sequentially in the first quarter, highlighting the value and efficiency the offering provides to clients. Currently, more than 1,200 clients are leveraging the co-pilot to expedite their alert reviews.
      • Accelerate – The company continues to execute on its One Nasdaq strategy securing 19 cross-sell wins since the Adenza acquisition across key solutions including Surveillance, AxiomSL, and Verafin. Nasdaq remains on track to surpass $100 million in run-rate revenue from cross-sells by the end of 2027. At the end of the first quarter, cross-sells accounted for over 15% of Financial Technology’s sales pipeline.

    ____________
    1 Represents revenue less transaction-based expenses.
    2Adjusted period over period change reflects non-GAAP results, adjusted to include revenue for AxiomSL on-premises contracts to reflect adjustment for ratable recognition for 1Q24 and to exclude the impacts of foreign currency and the previously announced one-time revenue benefit in our Index business in 1Q24.
    3 Constitutes revenue from our Capital Access Platforms and Financial Technology segments.
    4 Annualized Recurring Revenue (ARR) for a given period is the current annualized value derived from subscription contracts with a defined contract value. This excludes contracts that are not recurring, are one-time in nature or where the contract value fluctuates based on defined metrics. ARR is currently one of our key performance metrics to assess the health and trajectory of our recurring business. ARR does not have any standardized definition and is therefore unlikely to be comparable to similarly titled measures presented by other companies. ARR should be viewed independently of revenue and deferred revenue and is not intended to be combined with or to replace either of those items. For AxiomSL and Calypso recurring revenue contracts, the amount included in ARR is consistent with the amount that we invoice the customer during the current period. Additionally, for AxiomSL and Calypso recurring revenue contracts that include annual values that increase over time, we include in ARR only the annualized value of components of the contract that are considered active as of the date of the ARR calculation. We do not include the future committed increases in the contract value as of the date of the ARR calculation. ARR is not a forecast and the active contracts at the end of a reporting period used in calculating ARR may or may not be extended or renewed by our customers.
    5 Refer to our reconciliations of U.S. GAAP to non-GAAP net income attributable to Nasdaq, diluted earnings per share, operating income, operating expenses and organic impacts included in the attached schedules.
    6 Organic changes (i) reflect adjustments to remove the impact of period-over-period changes in foreign currency exchange rates and (ii) includes revenue for AxiomSL on-premises contracts to reflect adjustment for ratable recognition for 1Q24. As it relates to ARR, organic changes only exclude the impact of period-over-period changes in foreign currency exchange rates as the AxiomSL ratable recognition adjustment had no impact on ARR.
    7 U.S. GAAP operating expense and tax rate guidance are not provided due to the inherent difficulty in quantifying certain amounts due to a variety of factors including the unpredictability in the movement in foreign currency rates, as well as future charges or reversals outside of the normal course of business.
    8 Message count represents the number of records across Nasdaq’s U.S. Options, U.S. and Canadian equities markets, trade reporting facilities, and bond exchange that are recorded into Nasdaq’s data warehouse on a daily basis.

    ABOUT NASDAQ

    Nasdaq (Nasdaq: NDAQ) is a global technology company serving corporate clients, investment managers, banks, brokers, and exchange operators as they navigate and interact with the global capital markets and the broader financial system. We aspire to deliver world-leading platforms that improve the liquidity, transparency, and integrity of the global economy. Our diverse offering of data, analytics, software, exchange capabilities, and client-centric services enables clients to optimize and execute their business vision with confidence. To learn more about the company, technology solutions and career opportunities, visit us on LinkedIn, on X @Nasdaq, or at www.nasdaq.com.

    NON-GAAP INFORMATION

    In addition to disclosing results determined in accordance with U.S. GAAP, Nasdaq also discloses certain non-GAAP results of operations, including, but not limited to, non-GAAP net income attributable to Nasdaq, non-GAAP diluted earnings per share, non-GAAP operating income, and non-GAAP operating expenses, that include certain adjustments or exclude certain charges and gains that are described in the reconciliation table of U.S. GAAP to non-GAAP information provided at the end of this release. Management uses this non-GAAP information internally, along with U.S. GAAP information, in evaluating our performance and in making financial and operational decisions. We believe our presentation of these measures provides investors with greater transparency and supplemental data relating to our financial condition and results of operations. In addition, we believe the presentation of these measures is useful to investors for period-to-period comparisons of results as the items described below in the reconciliation tables do not reflect ongoing operating performance.

    These measures are not in accordance with, or an alternative to, U.S. GAAP, and may be different from non-GAAP measures used by other companies. In addition, other companies, including companies in our industry, may calculate such measures differently, which reduces their usefulness as a comparative measure. Investors should not rely on any single financial measure when evaluating our business. This information should be considered as supplemental in nature and is not meant as a substitute for our operating results in accordance with U.S. GAAP. We recommend investors review the U.S. GAAP financial measures included in this earnings release. When viewed in conjunction with our U.S. GAAP results and the accompanying reconciliations, we believe these non-GAAP measures provide greater transparency and a more complete understanding of factors affecting our business than U.S. GAAP measures alone.

    We understand that analysts and investors regularly rely on non-GAAP financial measures, such as those noted above, to assess operating performance. We use these measures because they highlight trends more clearly in our business that may not otherwise be apparent when relying solely on U.S. GAAP financial measures, since these measures eliminate from our results specific financial items that have less bearing on our ongoing operating performance.

    Organic revenue and expense growth, organic change and organic impact are non-GAAP measures that reflect adjustments for: (i) the impact of period-over-period changes in foreign currency exchange rates, and (ii) the revenue, expenses and operating income associated with acquisitions and divestitures for the twelve month period following the date of the acquisition or divestiture. Reconciliations of these measures are described within the body of this release or in the reconciliation tables at the end of this release.

    Foreign exchange impact: In countries with currencies other than the U.S. dollar, revenue and expenses are translated using monthly average exchange rates. Certain discussions in this release isolate the impact of year-over-year foreign currency fluctuations to better measure the comparability of operating results between periods. Operating results excluding the impact of foreign currency fluctuations are calculated by translating the current period’s results by the prior period’s exchange rates.

    Restructuring programs: In the fourth quarter of 2023, following the closing of the Adenza acquisition, our management approved, committed to and initiated a restructuring program to optimize our efficiencies as a combined organization. We further expanded this program in the fourth quarter of 2024 to accelerate our momentum and further optimize our efficiencies (efficiency program). We have incurred costs principally related to employee-related costs, contract terminations, asset impairments and other related costs and expect to incur additional costs in these areas in an effort to accelerate efficiencies through location strategy and enhanced AI capabilities. Actions taken as part of this program will be complete by the end of 2025, while certain costs may be recognized in the first half of 2026. We expect to achieve benefits primarily in the form of expense synergies. In October 2022, following our September announcement to realign our segments and leadership, we initiated a divisional realignment program with a focus on realizing the full potential of this structure. As of September 30, 2024, we completed our divisional realignment program. Costs related to the Adenza restructuring and the divisional realignment programs are recorded as “restructuring charges” in our condensed consolidated statements of income. We exclude charges associated with these programs for purposes of calculating non-GAAP measures as they are not reflective of ongoing operating performance or comparisons in Nasdaq’s performance between periods.

    CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

    Information set forth in this communication contains forward-looking statements that involve a number of risks and uncertainties. Nasdaq cautions readers that any forward-looking information is not a guarantee of future performance and that actual results could differ materially from those contained in the forward-looking information. Such forward-looking statements include, but are not limited to (i) projections relating to our future financial results, total shareholder returns, growth, dividend program, trading volumes, products and services, ability to transition to new business models or implement our new corporate structure, taxes and achievement of synergy targets, (ii) statements about the closing or implementation dates and benefits of certain acquisitions, divestitures and other strategic, restructuring, technology, environmental, de-leveraging and capital allocation initiatives, (iii) statements about our integrations of our recent acquisitions, (iv) statements relating to any litigation or regulatory or government investigation or action to which we are or could become a party, and (v) other statements that are not historical facts. Forward-looking statements involve a number of risks, uncertainties or other factors beyond Nasdaq’s control. These factors include, but are not limited to, Nasdaq’s ability to implement its strategic initiatives, economic, political and market conditions and fluctuations, geopolitical instability, government and industry regulation, interest rate risk, U.S. and global competition. Further information on these and other factors are detailed in Nasdaq’s filings with the U.S. Securities and Exchange Commission, including its annual reports on Form 10-K and quarterly reports on Form 10-Q, which are available on Nasdaq’s investor relations website at http://ir.nasdaq.com and the SEC’s website at www.sec.gov. Nasdaq undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise.

    WEBSITE DISCLOSURE

    Nasdaq intends to use its website, ir.nasdaq.com, as a means for disclosing material non-public information and for complying with SEC Regulation FD and other disclosure obligations.

    Media Relations Contact
    Nick Jannuzzi
    +1.973.760.1741
    Nicholas.Jannuzzi.@Nasdaq.com

    Investor Relations Contact
    Ato Garrett
    +1.212.401.8737
    Ato.Garrett@Nasdaq.com

    NDAQF

    Nasdaq, Inc.
    Condensed Consolidated Statements of Income
    (in millions, except per share amounts)
    (unaudited)
           
      Three Months Ended
      March 31,   March 31,
        2025       2024  
             
    Revenues:      
    Capital Access Platforms $ 515     $ 479  
    Financial Technology   432       392  
    Market Services   1,134       794  
    Other Revenues   9       9  
      Total revenues   2,090       1,674  
    Transaction-based expenses:      
    Transaction rebates   (579 )     (481 )
    Brokerage, clearance and exchange fees   (274 )     (76 )
    Revenues less transaction-based expenses   1,237       1,117  
           
    Operating Expenses:      
    Compensation and benefits   329       340  
    Professional and contract services   36       34  
    Technology and communication infrastructure   77       67  
    Occupancy   28       28  
    General, administrative and other   6       28  
    Marketing and advertising   14       11  
    Depreciation and amortization   156       155  
    Regulatory   15       9  
    Merger and strategic initiatives   24       9  
    Restructuring charges   5       26  
      Total operating expenses   690       707  
    Operating income   547       410  
    Interest income   11       6  
    Interest expense   (96 )     (108 )
    Other income (loss)   (1 )     1  
    Net income from unconsolidated investees   27       3  
    Income before income taxes   488       312  
    Income tax provision   93       79  
    Net income   395       233  
    Net loss attributable to noncontrolling interests   —       1  
    Net income attributable to Nasdaq $ 395     $ 234  
           
    Per share information:      
    Basic earnings per share $ 0.69     $ 0.41  
    Diluted earnings per share $ 0.68     $ 0.40  
    Cash dividends declared per common share $ 0.24     $ 0.22  
           
    Weighted-average common shares outstanding      
    for earnings per share:      
    Basic   575.0       575.4  
    Diluted   580.0       578.9  
             
    Nasdaq, Inc.
    Revenue Detail
    (in millions)
    (unaudited)
                 
            Three Months Ended
            March 31,   March 31,
              2025       2024  
                 
    CAPITAL ACCESS PLATFORMS      
      Data and Listing Services revenues $ 192     $ 186  
      Index revenues   193       168  
      Workflow and Insights revenues   130       125  
        Total Capital Access Platforms revenues   515       479  
                 
    FINANCIAL TECHNOLOGY      
      Financial Crime Management Technology revenues   77       64  
      Regulatory Technology revenues   101       90  
      Capital Markets Technology revenues   254       238  
        Total Financial Technology revenues   432       392  
                 
    MARKET SERVICES      
      Market Services revenues   1,134       794  
      Transaction-based expenses:      
          Transaction rebates   (579 )     (481 )
          Brokerage, clearance and exchange fees   (274 )     (76 )
        Total Market Services revenues, net   281       237  
                 
    OTHER REVENUES   9       9  
                 
    REVENUES LESS TRANSACTION-BASED EXPENSES $ 1,237     $ 1,117  
                 
                 
    Nasdaq, Inc.
    Condensed Consolidated Balance Sheets
    (in millions)
             
        March 31,   December 31,
          2025       2024  
    Assets (unaudited)    
    Current assets:      
      Cash and cash equivalents $ 690     $ 592  
      Restricted cash and cash equivalents   18       31  
      Default funds and margin deposits   5,686       5,664  
      Financial investments   201       184  
      Receivables, net   986       1,022  
      Other current assets   237       293  
    Total current assets   7,818       7,786  
    Property and equipment, net   621       593  
    Goodwill   14,179       13,957  
    Intangible assets, net   6,830       6,905  
    Operating lease assets   381       375  
    Other non-current assets   818       779  
    Total assets $ 30,647     $ 30,395  
             
    Liabilities      
    Current liabilities:      
      Accounts payable and accrued expenses $ 255     $ 269  
      Section 31 fees payable to SEC   264       319  
      Accrued personnel costs   198       325  
      Deferred revenue   981       711  
      Other current liabilities   187       215  
      Default funds and margin deposits   5,686       5,664  
      Short-term debt   400       399  
    Total current liabilities   7,971       7,902  
    Long-term debt   8,926       9,081  
    Deferred tax liabilities, net   1,586       1,594  
    Operating lease liabilities   393       388  
    Other non-current liabilities   216       230  
    Total liabilities   19,092       19,195  
           
    Commitments and contingencies      
    Equity      
    Nasdaq stockholders’ equity:      
      Common stock   6       6  
      Additional paid-in capital   5,450       5,530  
      Common stock in treasury, at cost   (672 )     (647 )
      Accumulated other comprehensive loss   (1,896 )     (2,099 )
      Retained earnings   8,658       8,401  
    Total Nasdaq stockholders’ equity   11,546       11,191  
      Noncontrolling interests   9       9  
    Total equity   11,555       11,200  
    Total liabilities and equity $ 30,647     $ 30,395  
             
             
    Nasdaq, Inc.
    Reconciliation of U.S. GAAP to Non-GAAP Net Income Attributable to Nasdaq and Diluted Earnings Per Share
    (in millions, except per share amounts)
    (unaudited)
             
             
         Three Months Ended
        March 31,   March 31,
          2025       2024  
             
    U.S. GAAP net income attributable to Nasdaq $ 395     $ 234  
    Non-GAAP adjustments:      
      Amortization expense of acquired intangible assets (1)   122       123  
      Merger and strategic initiatives expense (2)   24       9  
      Restructuring charges (3)   5       26  
      Net income from unconsolidated investees (4)   (27 )     (3 )
      Gain from extinguishment of debt (5)   (19 )     —  
      Legal and regulatory matters   2       2  
      Pension settlement charge (6)   —       23  
      Other loss   1       —  
      Total non-GAAP adjustments   108       180  
      Non-GAAP adjustment to the income tax provision (7)   (47 )     (47 )
      Total non-GAAP adjustments, net of tax   61       133  
    Non-GAAP net income attributable to Nasdaq $ 456     $ 367  
             
    U.S. GAAP diluted earnings per share $ 0.68     $ 0.40  
      Total adjustments from non-GAAP net income above   0.11       0.23  
    Non-GAAP diluted earnings per share $ 0.79     $ 0.63  
             
    Weighted-average diluted common shares outstanding for earnings per share:   580.0       578.9  
             
             
    (1) We amortize intangible assets acquired in connection with various acquisitions. Intangible asset amortization expense can vary from period to period due to episodic acquisitions completed, rather than from our ongoing business operations.
     
    (2) We have pursued various strategic initiatives and completed acquisitions and divestitures in recent years that have resulted in expenses which would not have otherwise been incurred. These expenses generally include integration costs, as well as legal, due diligence and other third-party transaction costs. The frequency and the amount of such expenses vary significantly based on the size, timing and complexity of the transaction. For the three months ended March 31, 2025, these amounts are primarily driven by the timing of recognition associated with the transfer of open positions in our Nordic power derivatives trading and clearing business, Adenza integration costs and other strategic initiative costs. For the three months ended March 31, 2024, these costs were primarily related to the integration of Adenza.
             
    (3) In the fourth quarter of 2023, following the closing of the Adenza acquisition, our management approved, committed to and initiated a restructuring program, “Adenza Restructuring” to optimize our efficiencies as a combined organization. In connection with this program, we expect to incur pre-tax charges principally related to employee-related costs, contract terminations, asset impairments and other related costs. We expect to achieve benefits primarily in the form of expense and revenue synergies. In addition, in September 2024, we completed our previously disclosed divisional realignment program.
             
    (4) We exclude our share of the earnings and losses of our equity method investments. This provides a more meaningful analysis of Nasdaq’s ongoing operating performance or comparisons in Nasdaq’s performance between periods.
             
    (5) For the three months ended March 31, 2025, we recorded a gain on the extinguishment of debt. This gain is recorded in general, administrative expense in our Condensed Consolidated Statements of Income.
             
    (6) For the three months ended March 31, 2024, we recorded a pre-tax charge as a result of settling our U.S. pension plan. The plan was terminated and partially settled in 2023, with final settlement occurring during the first quarter of 2024. The loss was recorded in compensation and benefits in the Condensed Consolidated Statements of Income.
             
    (7) The non-GAAP adjustment to the income tax provision primarily includes the tax impact of each non-GAAP adjustment. For the three months ended March 31, 2025, we recognized a prior year tax reserve release of $18 million due to a favorable audit settlement.
             
    Nasdaq, Inc.
    Reconciliation of U.S. GAAP to Non-GAAP Operating Income and Operating Margin
    (in millions)
    (unaudited)
             
         Three Months Ended
        March 31,   March 31,
          2025       2024  
             
    U.S. GAAP operating income $ 547     $ 410  
    Non-GAAP adjustments:      
      Amortization expense of acquired intangible assets (1)   122       123  
      Merger and strategic initiatives expense (2)   24       9  
      Restructuring charges (3)   5       26  
      Gain from extinguishment of debt (4)   (19 )     —  
      Legal and regulatory matters   2       2  
      Pension settlement charge (5)   —       23  
      Other loss   1       —  
      Total non-GAAP adjustments   135       183  
    Non-GAAP operating income $ 682     $ 593  
           
    Revenues less transaction-based expenses $ 1,237     $ 1,117  
             
    U.S. GAAP operating margin (6)   44 %     37 %
             
    Non-GAAP operating margin (7)   55 %     53 %
             
    Note: The current period percentages are calculated based on exact dollars, and therefore may not recalculate exactly using rounded numbers as presented in US$ millions.
             
    (1) We amortize intangible assets acquired in connection with various acquisitions. Intangible asset amortization expense can vary from period to period due to episodic acquisitions completed, rather than from our ongoing business operations.
             
    (2) We have pursued various strategic initiatives and completed acquisitions and divestitures in recent years that have resulted in expenses which would not have otherwise been incurred. These expenses generally include integration costs, as well as legal, due diligence and other third-party transaction costs. The frequency and the amount of such expenses vary significantly based on the size, timing and complexity of the transaction. For the three months ended March 31, 2025, these amounts are primarily driven by the timing of recognition associated with the transfer of open positions in our Nordic power derivatives trading and clearing business, Adenza integration costs and other strategic initiative costs. For the three months ended March 31, 2024, these costs were primarily related to the integration of Adenza.
             
    (3) In the fourth quarter of 2023, following the closing of the Adenza acquisition, our management approved, committed to and initiated a restructuring program, “Adenza Restructuring” to optimize our efficiencies as a combined organization. In connection with this program, we expect to incur pre-tax charges principally related to employee-related costs, contract terminations, asset impairments and other related costs. We expect to achieve benefits primarily in the form of expense and revenue synergies. In addition, in September 2024, we completed our previously disclosed divisional realignment program.
             
    (4) For the three months ended March 31, 2025, we recorded a gain on the extinguishment of debt. This gain is recorded in general, administrative expense in our Condensed Consolidated Statements of Income.
             
    (5) For the three months ended March 31, 2024, we recorded a pre-tax charge as a result of settling our U.S. pension plan. The plan was terminated and partially settled in 2023, with final settlement occurring during the first quarter of 2024. The loss was recorded in compensation and benefits in the Condensed Consolidated Statements of Income.
             
    (6) U.S. GAAP operating margin equals U.S. GAAP operating income divided by revenues less transaction-based expenses.
             
    (7) Non-GAAP operating margin equals non-GAAP operating income divided by non-GAAP revenues less transaction-based expenses.
             
    Nasdaq, Inc.
    Reconciliation of U.S. GAAP to Non-GAAP Operating Expenses
    (in millions)
    (unaudited)
             
         Three Months Ended
        March 31,   March 31,
          2025       2024  
             
    U.S. GAAP operating expenses $ 690     $ 707  
    Non-GAAP adjustments:      
      Amortization expense of acquired intangible assets (1)   (122 )     (123 )
      Merger and strategic initiatives expense (2)   (24 )     (9 )
      Restructuring charges (3)   (5 )     (26 )
      Gain from extinguishment of debt (4)   19       —  
      Legal and regulatory matters   (2 )     (2 )
      Pension settlement charge (5)   —       (23 )
      Other loss   (1 )     —  
      Total non-GAAP adjustments   (135 )     (183 )
    Non-GAAP operating expenses $ 555     $ 524  
             
             
    (1) We amortize intangible assets acquired in connection with various acquisitions. Intangible asset amortization expense can vary from period to period due to episodic acquisitions completed, rather than from our ongoing business operations.
     
    (2) We have pursued various strategic initiatives and completed acquisitions and divestitures in recent years that have resulted in expenses which would not have otherwise been incurred. These expenses generally include integration costs, as well as legal, due diligence and other third-party transaction costs. The frequency and the amount of such expenses vary significantly based on the size, timing and complexity of the transaction. For the three months ended March 31, 2025, these amounts are primarily driven by the timing of recognition associated with the transfer of open positions in our Nordic power derivatives trading and clearing business, Adenza integration costs and other strategic initiative costs. For the three months ended March 31, 2024, these costs were primarily related to the integration of Adenza.
             
    (3) In the fourth quarter of 2023, following the closing of the Adenza acquisition, our management approved, committed to and initiated a restructuring program, “Adenza Restructuring” to optimize our efficiencies as a combined organization. In connection with this program, we expect to incur pre-tax charges principally related to employee-related costs, contract terminations, asset impairments and other related costs. We expect to achieve benefits primarily in the form of expense and revenue synergies. In addition, in September 2024, we completed our previously disclosed divisional realignment program.
             
    (4) For the three months ended March 31, 2025, we recorded a gain on the extinguishment of debt. This gain is recorded in general, administrative expense in our Condensed Consolidated Statements of Income.
             
    (5) For the three months ended March 31, 2024, we recorded a pre-tax charge as a result of settling our U.S. pension plan. The plan was terminated and partially settled in 2023, with final settlement occurring during the first quarter of 2024. The loss was recorded in compensation and benefits in the Condensed Consolidated Statements of Income.
             
    Nasdaq, Inc.
    Reconciliation of Adjusted Impacts for Revenues less transaction-based expenses, Non-GAAP Operating Expenses,
    Non-GAAP Operating Income, and Non-GAAP Operating Margin
    (in millions)
    (unaudited)
                                     
      Three Months Ended                  
      As Reported   Adenza   Adjusted (1)   Total Variance   FX & Other (2)   Adjusted YoY
      March 31, 2025   March 31, 2024   March 31, 2024   March 31, 2024   $   %   $   $ %
    CAPITAL ACCESS PLATFORMS                                
    Data and Listing Services revenues $ 192     $ 186     $ —   $ 186     $ 6     3 %   $ (1 )   $ 7   4 %
    Index revenues   193       168       —     168       25     14 %     (16 )     41   26 %
    Workflow and insights revenues   130       125       —     125       5     4 %     —       5   4 %
    Total Capital Access Platforms revenues   515       479       —     479       36     7 %     (17 )     53   11 %
                                     
    FINANCIAL TECHNOLOGY                                
    Financial Crime Management Technology revenues   77       64       —     64       13     21 %     —       13   21 %
    Regulatory Technology revenues   101       90       3     93       8     8 %     (1 )     9   10 %
    Capital Markets Technology revenues   254       238       —     238       16     7 %     (1 )     17   7 %
    Total Financial Technology revenues   432       392       3     395       37     9 %     (2 )     39   10 %
                                     
    Solutions revenues (3)   947       871       3     874       73     8 %     (19 )     92   11 %
                                     
    Market Services, net revenues   281       237       —     237       44     19 %     (2 )     46   19 %
    Other revenues   9       9       —     9       —     (6 )%     —       —   (4 )%
    Revenues less transaction-based expenses   1,237       1,117       3     1,120       117     10 %     (21 )     138   12 %
                                     
    Non-GAAP operating expenses   555       524       —     524       31     6 %     (6 )     37   7 %
    Non-GAAP operating income $ 682     $ 593     $ 3   $ 596     $ 86     14 %   $ (15 )   $ 101   17 %
    Non-GAAP operating margin   55%      53%          53%                   
                                     
                                     
    (1) Includes revenue for AxiomSL on-premises contracts to reflect adjustment for ratable recognition for the first quarter of 2024.
    (2) Reflects the impacts from changes in foreign currency exchange rates and excludes the impact of a one-time revenue benefit related to a legal settlement to recoup lost revenue recorded within Index in the first quarter of 2024.
    (3) Represents Capital Access Platforms and Financial Technology Segments.
    Note: The current period percentages are calculated based on exact dollars, and therefore may not recalculate exactly using rounded numbers as presented in US$ millions.
                                     
    Nasdaq, Inc.
    Reconciliation of Organic Impacts for Revenues less transaction-based expenses, Non-GAAP Operating Expenses,
    Non-GAAP Operating Income, and Non-GAAP Diluted Earnings Per Share
    (in millions, except per share amounts)
    (unaudited)
                                   
                                   
      Three Months Ended   Total Variance   Other Impacts (1)   Organic Impact (2)
      March 31, 2025   March 31, 2024   $   %   $   %   $   %
    CAPITAL ACCESS PLATFORMS                              
    Data and Listing Services revenues $ 192     $ 186     $ 6     3 %   $ (1 )   (1 )%   $ 7     4 %
    Index revenues   193       168       25     14 %     —     — %     25     14 %
    Workflow and Insights revenues   130       125       5     4 %     —     — %     5     4 %
    Total Capital Access Platforms revenues   515       479       36     7 %     (1 )   — %     37     8 %
                                   
    FINANCIAL TECHNOLOGY                              
    Financial Crime Management Technology revenues   77       64       13     21 %     —     — %     13     21 %
    Regulatory Technology revenues   101       90       11     12 %     2     2 %     9     10 %
    Capital Markets Technology revenues   254       238       16     7 %     (1 )   — %     17     7 %
    Total Financial Technology revenues   432       392       40     10 %     1     — %     39     10 %
                                   
    Solutions revenues (3)   947       871       76     9 %     —     — %     76     9 %
                                   
    Market Services, net revenues   281       237       44     19 %     (2 )   (1 )%     46     19 %
                                   
    Other revenues   9       9       —     (6 )%     —     (2 )%     —     (4 )%
                                   
    Revenues less transaction-based expenses $ 1,237     $ 1,117     $ 120     11 %   $ (2 )   — %   $ 122     11 %
                                   
    Non-GAAP Operating Expenses $ 555     $ 524     $ 31     6 %   $ (6 )   (1 )%   $ 37     7 %
                                   
    Non-GAAP Operating Income $ 682     $ 593     $ 89     15 %   $ 4     1 %   $ 85     14 %
                                   
    Non-GAAP diluted earnings per share $ 0.79     $ 0.63     $ 0.16     24 %   $ —     — %   $ 0.16     24 %
                                   
                                   
    Note: The current period percentages are calculated based on exact dollars, and therefore may not recalculate exactly using rounded numbers as presented in US$ millions. The sum of the percentage changes may not tie to the percentage change in total variance due to rounding.
    (1) Primarily includes the impacts of changes in FX rates and $3 million of revenue for AxiomSL to reflect adjustment for on-premises contracts ratable recognition for 2024 within Regulatory Technology revenues.
    (2) Organic changes (i) reflect adjustments for the impact of period-over-period changes in foreign currency exchange rates and (ii) includes revenue for AxiomSL on-premises contracts to reflect adjustment for ratable recognition for the first quarter of 2024.
    (3) Represents Capital Access Platforms and Financial Technology Segments.
                                   
    Nasdaq, Inc.
    Key Drivers Detail
    (unaudited)
             
        Three Months Ended
        March 31,   March 31,
          2025       2024  
    Capital Access Platforms      
      Annualized recurring revenues (in millions) (1) $ 1,281     $ 1,220  
      Initial public offerings      
      The Nasdaq Stock Market (2)   63       27  
      Exchanges that comprise Nasdaq Nordic and Nasdaq Baltic   4       1  
      Total new listings      
      The Nasdaq Stock Market (2)   170       79  
      Exchanges that comprise Nasdaq Nordic and Nasdaq Baltic (3)   9       2  
      Number of listed companies      
      The Nasdaq Stock Market (4)   4,139       4,020  
      Exchanges that comprise Nasdaq Nordic and Nasdaq Baltic (5)   1,160       1,203  
      Index      
      Number of licensed exchange traded products (6)   418       362  
      Period end ETP assets under management (AUM) tracking Nasdaq indexes (in billions) $ 622     $ 519  
      Total average ETP AUM tracking Nasdaq indexes (in billions) $ 662     $ 492  
      TTM (7) net inflows ETP AUM tracking Nasdaq indexes (in billions) $ 86     $ 46  
      TTM (7) net appreciation ETP AUM tracking Nasdaq indexes (in billions) $ 17     $ 124  
             
    Financial Technology      
      Annualized recurring revenues (in millions) (1)      
      Financial Crime Management Technology $ 295     $ 243  
      Regulatory Technology   362       328  
      Capital Markets Technology   893       821  
      Total Financial Technology $ 1,550     $ 1,392  
             
    Market Services      
      Equity Derivative Trading and Clearing      
      U.S. equity options      
      Total industry average daily volume (in millions)   53.6       43.3  
      Nasdaq PHLX matched market share   9.1 %     10.3 %
      The Nasdaq Options Market matched market share   5.1 %     5.4 %
      Nasdaq BX Options matched market share   1.7 %     2.2 %
      Nasdaq ISE Options matched market share   6.8 %     6.3 %
      Nasdaq GEMX Options matched market share   3.6 %     2.5 %
      Nasdaq MRX Options matched market share   2.8 %     2.5 %
      Total matched market share executed on Nasdaq’s exchanges   29.1 %     29.2 %
      Nasdaq Nordic and Nasdaq Baltic options and futures      
      Total average daily volume of options and futures contracts   256,009       241,665  
             
      Cash Equity Trading      
      Total U.S.-listed securities      
      Total industry average daily share volume (in billions)   15.7       11.8  
      Matched share volume (in billions)   137.6       116.7  
      The Nasdaq Stock Market matched market share   14.2 %     15.7 %
      Nasdaq BX matched market share   0.3 %     0.4 %
      Nasdaq PSX matched market share   0.1 %     0.2 %
      Total matched market share executed on Nasdaq’s exchanges   14.6 %     16.3 %
      Market share reported to the FINRA/Nasdaq Trade Reporting Facility   48.1 %     41.4 %
      Total market share (8)   62.7 %     57.7 %
      Nasdaq Nordic and Nasdaq Baltic securities      
      Average daily number of equity trades executed on Nasdaq’s exchanges   789,103       666,408  
      Total average daily value of shares traded (in billions) $ 5.4     $ 4.7  
      Total market share executed on Nasdaq’s exchanges   69.9 %     71.7 %
             
      Fixed Income and Commodities Trading and Clearing      
      Fixed Income      
      Total average daily volume of Nasdaq Nordic and Nasdaq Baltic fixed income contracts   83,864       92,070  
             
      (1) Annualized Recurring Revenue (ARR) for a given period is the current annualized value derived from subscription contracts with a defined contract value. This excludes contracts that are not recurring, are one-time in nature, or where the contract value fluctuates based on defined metrics. ARR is currently one of our key performance metrics to assess the health and trajectory of our recurring business. ARR does not have any standardized definition and is therefore unlikely to be comparable to similarly titled measures presented by other companies. ARR should be viewed independently of revenue and deferred revenue and is not intended to be combined with or to replace either of those items. For AxiomSL and Calypso recurring revenue contracts, the amount included in ARR is consistent with the amount that we invoice the customer during the current period. Additionally, for AxiomSL and Calypso recurring revenue contracts that include annual values that increase over time, we include in ARR only the annualized value of components of the contract that are considered active as of the date of the ARR calculation. We do not include the future committed increases in the contract value as of the date of the ARR calculation. ARR is not a forecast and the active contracts at the end of a reporting period used in calculating ARR may or may not be extended or renewed by our customers.
      (2) New listings include IPOs, issuers that switched from other listing venues, closed-end funds and separately listed ETPs. For the three months ended March 31, 2025 and 2024, IPOs included 18 and 5 SPACs, respectively.
      (3) New listings include IPOs and represent companies listed on the Nasdaq Nordic and Nasdaq Baltic exchanges and companies on the alternative markets of Nasdaq First North.
      (4) Number of total listings on The Nasdaq Stock Market for the three months ended March 31, 2025 and March 31, 2024 included 833 and 619 ETPs, respectively.
      (5) Represents companies listed on the Nasdaq Nordic and Nasdaq Baltic exchanges and companies on the alternative markets of Nasdaq First North.
      (6) The number of listed ETPs as of March 31, 2024 has been updated to reflect a revised methodology whereby an ETP listed on multiple exchanges is counted as one product, rather than formerly being counted per exchange. This change has no impact on reported AUM.
      (7) Trailing 12-months.
      (8) Includes transactions executed on The Nasdaq Stock Market’s, Nasdaq BX’s and Nasdaq PSX’s systems plus trades reported through the Financial Industry Regulatory Authority/Nasdaq Trade Reporting Facility.

    The MIL Network –

  • MIL-OSI NGOs: Algeria: Authorities step up crackdown on peaceful dissent in the face of new expressions of discontent

    Source: Amnesty International –

    In response to a new online protest movement and in the lead up to the sixth anniversary of the Hirak movement in February 2025, Algerian authorities have intensified their relentless clampdown on peaceful dissent through arbitrary arrests and unjust prosecutions leading to lengthy prison sentences, said Amnesty International.

    Over the past five months, Algerian authorities have arrested and convicted at least 23 activists and journalists, particularly in relation to their support to the “Manich Radi” [I am not satisfied] online protest movement, launched in December 2024 to denounce restrictions on human rights and difficult socioeconomic conditions in the country. All have been detained solely for the peaceful exercise of their human rights, with the majority currently serving prison sentences or awaiting trial.

    Nothing can justify detaining and jailing people solely for having expressed dissatisfaction about political and socioeconomic conditions.

    Heba Morayef, Amnesty International’s Regional Director for the Middle East and North Africa.

    “The trajectory of suffocating online activism pursued by the Algerian authorities is alarming and must be reversed. Nothing can justify detaining and jailing people solely for having expressed dissatisfaction about political and socioeconomic conditions. All those detained solely for the peaceful exercise of their right to freedom of expression must be immediately released,” said Heba Morayef, Amnesty International’s Regional Director for the Middle East and North Africa.

    Amnesty International investigated nine illustrative cases of activists and journalists targeted for their online expression. Seven of them were convicted and sentenced to prison terms ranging from 18 months to five years solely for their online expression and activism. Five defendants were tried in expedited proceedings that did not provide time for adequate defence, undermining their right to a fair trial. Authorities also detained an activist and a journalist for several days and subjected the latter to an abusive and arbitrary ban on travel and issuing publications.

    The latest spate of arbitrary arrests and unjust prosecutions demonstrates the Algerian authorities’ clear resolve to crush all expressions of discontent.

    Heba Morayef, Amnesty International’s Regional Director for the Middle East and North Africa.

    “The latest spate of arbitrary arrests and unjust prosecutions demonstrates the Algerian authorities’ clear resolve to crush all expressions of discontent online and punish people simply for exercising their human rights and denouncing injustice,” said Heba Morayef.

    Authorities must end their crackdown on peaceful dissent and stop punishing the legitimate exercise of the right to freedom of expression. Authorities should also promptly, thoroughly, independently, impartially, transparently and effectively investigate allegations of human rights violations and bring to justice anyone suspected to be responsible in fair trial. Authorities should also ensure access to justice and effective remedies for victims.

    The organization’s findings are based on a review of relevant court rulings, legal documents, relevant social media content posted by the victims, media reports and interviews with 11 people who provided consent for publication.  

    On 11 March 2025, the Bejaia Court upheld the conviction of activists Soheib Debbaghi and Mahdi Bazizi in expedited trial proceedings, sentencing them to 18 months in prison and a fine of DZA 100,000 (EUR 693). The conviction relates to the launch of the “Manich Radi” movement by Soheib Debbaghi and Samy Bazizi – Mahdi Bazizi’s brother, who lives in Canada – in December 2024 to express their frustration with the political and socioeconomic situation in Algeria, including the repression of human rights. The hashtag was relayed by thousands of people and drew comments from Algerian President Abdelmajid Tebboune, who stated on 24 December 2024: “Let no one think that Algeria can be preyed upon by a hashtag”.

    Soheib Debbaghi was convicted of “publishing content harmful to national interest”, “publishing content harmful to national order and security” and “inciting an unarmed gathering” based on social media posts relaying the “#Manich_Radi” hashtag. Mahdi Bazizi was convicted of “hiding a person to obstruct the course of justice” in reference to Soheib Debbaghi’s attempt to avoid arrest.

    On 20 January 2025, only four days after his arrest, the tribunal of Rouiba in Algiers sentenced renowned activist and poet Mohamed Tadjadit to five years in prison and a DZD 500,000 (EUR 3,465) fine following expedited proceedings. His conviction was solely based on social media content and digital communications, including posts relaying the “#Manich_Radi” hashtag and poetry with political messages. The court found him guilty of “undermining national unity”, “publishing content harmful to national interest”, “inciting to an unarmed gathering” and “offending public bodies”.

    On 4 March, the tribunal of Tizi Ouzou, northeastern Algeria, also convicted activist Belaid Charfi of “publishing content harmful to national interest” and sentenced him to four years in prison and a DZD 100,000 (EUR 693) fine and DZD 10,000 (EUR 69) in civil damages. The conviction followed expedited trial proceedings and was solely based on social media posts including sharing the “Manich_Radi” hashtag and other political messages denouncing the detention of other activists and the deteriorating socioeconomic conditions.

    Authorities also arrested activist and unionist Fadhila Hammas on 21 February 2025 in the northeastern town of Azazga. Police questioned her about her opinions and Facebook posts on political and human rights issues. Four days later, a public prosecutor ordered her release pending her trial on 11 May for “publishing false information susceptible to harm public order and security.” If convicted, she faces up to three years in prison.

    On 16 February 2025, the Court of Ouargla, eastern Algeria, upheld the conviction of activist “Abla” Derama Kemari and sentenced her to three years in prison – including one year suspended – and a fine of DZD 300,000 (EUR 2,079). Authorities convicted her on charges of “offense to the president” and “creating an online account to incite hatred and discrimination” for Facebook posts denouncing socioeconomic issues in the Algerian Saharan regions and the repression of activists.

    On 14 January 2025, the Court of Tizi Ouzou also upheld a verdict against activist Massinissa Lakhal in connection with his online activities. The court sentenced him to three years in prison and DZD 5,000,000 (EUR 34,645) in fines as well as DZD 200,000 (EUR 1,386) in civil damages based on his activity on Facebook, including following accounts and sharing publications allegedly supporting the Movement for Self-Determination of the Kabylie (MAK) — which the authorities designated as “terrorist” in a process not conforming with international human rights standards. His conviction was also based on his ties with other MAK activists, including his father, Ammar Lakhal, a former MAK representative in Canada.

    Among the journalists targeted by the authorities is Abdelwaheb Moualek who was convicted by the tribunal of Sidi Aich in Bejaia on 25 February following expedited proceedings, without a lawyer. He was found guilty of “publishing content harmful to national interest” and sentenced to 18 months in prison and a fine of DZA 100,000 (EUR 693) for a Facebook publication commenting on repression. He remains free pending appeal.

    On 2 January 2025 an investigative judge at the tribunal of Annaba, eastern Algeria, questioned journalist Mustapha Bendjama about his Facebook publications and placed him under judicial supervision for publishing content “harmful to national interest” and “false information susceptible to harm public order and security”. The judge imposed a formal travel ban on him for travel out of Algeria and out of the region of Annaba and banned him from issuing publications that could “undermine national interest”.

    Background

    Since the “Hirak” protest movement began in February 2019, the Algerian authorities have weaponized the criminal justice system to clamp down on peaceful dissent, arbitrarily arresting and prosecuting hundreds of activists, human rights defenders, protesters, and journalists for exercising their rights to peaceful assembly, association and expression, notably on social media, leading to a steady erosion of human rights in the country.

    MIL OSI NGO –

  • MIL-OSI: TransUnion Announces First Quarter 2025 Results

    Source: GlobeNewswire (MIL-OSI)

    • Exceeded first quarter 2025 financial guidance across all key financial metrics
    • Delivered 8 percent organic constant currency revenue growth (7 percent reported) led by U.S. Financial Services, Emerging Verticals and International
    • De-levered to 2.9x Leverage Ratio at quarter-end and repurchased $10 million shares through mid-April
    • Maintaining organic constant currency revenue growth guidance of 4.5 to 6 percent (4 to 5.5 percent reported revenue growth)

    CHICAGO, April 24, 2025 (GLOBE NEWSWIRE) — TransUnion (NYSE: TRU) (the “Company”) today announced financial results for the quarter ended March 31, 2025.

    First Quarter 2025 Results

    Revenue:

    • Total revenue for the quarter was $1,096 million, an increase of 7 percent (8 percent on a constant currency basis), compared with the first quarter of 2024.

    Earnings:

    • Net income attributable to TransUnion was $148 million for the quarter, compared with $65 million for the first quarter of 2024 primarily due to a $56 million reduction of a previously established accrual for a lawsuit that was dismissed in the first quarter of 2025. Diluted earnings per share was $0.75, compared with $0.33 in the first quarter of 2024. Net income attributable to TransUnion margin was 13.5 percent, compared with 6 percent in the first quarter of 2024.
    • Adjusted Net Income was $208 million for the quarter, compared with $179 million for the first quarter of 2024. Adjusted Diluted Earnings per Share was $1.05, compared with $0.92 in the first quarter of 2024.
    • Adjusted EBITDA was $397 million for the quarter, compared with $358 million for the first quarter of 2024, an increase of 11 percent (12 percent on a constant currency basis). Adjusted EBITDA margin was 36.2 percent, compared with 35.1 percent in the first quarter of 2024.

    “In the first quarter, TransUnion delivered strong results that again exceeded financial guidance,” said Chris Cartwright, President and CEO. “U.S. Markets revenue grew 9 percent against subdued market conditions, led by strong mortgage and accelerating non-mortgage Financial Services and Emerging Verticals growth. International grew 6 percent on a constant currency basis, with high-single digit growth across most markets and India up low-single digits as anticipated.”

    “We are maintaining our 2025 organic constant currency revenue guidance of 4.5 to 6 percent, balancing strong outperformance in the first quarter against increasing market risks. We are actively monitoring conditions but to-date have not experienced softening volumes in our business.”

    “We believe we are well-positioned to navigate potential economic softening. We have a proven track record of delivering revenue growth through economic cycles, supported by a diversified and high-growth portfolio across solutions, verticals and geographies. Should conditions deteriorate, we are prepared to prudently manage costs while prioritizing the completion of our business transformation to deliver structural cost savings and accelerate innovation.”

    First Quarter 2025 Segment Results

    Segment revenue and Adjusted EBITDA for the first quarter of 2025 and the related growth rates compared with the first quarter of 2024 were as follows:

     (in millions) First Quarter
    2025    		   Reported
    Growth Rate    		   Constant
    Currency
    Growth Rate
    U.S. Markets:          
    Financial Services $ 404     15 %   15 %
    Emerging Verticals   315     6 %   6 %
    Consumer Interactive   138     (1 )%   (1 )%
    Total U.S. Markets Revenue $ 857     9 %   9 %
               
    U.S. Markets Adjusted EBITDA $ 320     12 %   12 %
               
    International:          
    Canada $ 38     — %   7 %
    Latin America   33     — %   7 %
    United Kingdom   59     9 %   9 %
    Africa   17     12 %   10 %
    India   69     (3 )%   1 %
    Asia Pacific   27     7 %   8 %
    Total International Revenue $ 242     2 %   6 %
               
    International Adjusted EBITDA $ 110     3 %   7 %


    Liquidity and Capital Resources

    Cash and cash equivalents was $610 million at March 31, 2025 and $679 million at December 31, 2024.

    For the three months ended March 31, 2025, cash provided by operating activities was $53 million, compared with $54 million in 2024. The decrease in cash provided by operating activities was primarily due to the timing of accounts receivable collections and higher bonus payouts in 2025 compared with 2024, mostly offset by improved operating performance and lower interest expense. For the three months ended March 31, 2025, cash used in investing activities was $87 million, compared with $62 million in 2024. The increase in cash used in investing activities was primarily due to a current year investment in a note receivable and an increase in capital expenditures. For the three months ended March 31, 2025, capital expenditures were $68 million, compared with $62 million in 2024. Capital expenditures as a percent of revenue represented 6% for each of the three months ended March 31, 2025 and 2024. For the three months ended March 31, 2025, cash used in financing activities was $41 million, compared with $31 million in 2024. Cash used in financing activities was higher primarily due to stock buybacks in 2025.

    Second Quarter and Full Year 2025 Outlook

    Our guidance is based on a number of assumptions that are subject to change, many of which are outside of the control of the Company, including general macroeconomic conditions, interest rates and inflation. There are numerous evolving factors that we may not be able to accurately predict. There can be no assurance that the Company will achieve the results expressed by this guidance.

        Three Months Ended
    June 30, 2025    		   Twelve Months Ended
    December 31, 2025
    (in millions, except per share data)   Low   High   Low   High
    Revenue, as reported   $ 1,076     $ 1,095     $ 4,358     $ 4,417  
    Revenue growth1:                
    As reported     3 %     5 %     4 %     5.5 %
    Constant currency1, 2     4 %     6 %     5 %     6 %
    Organic constant currency1, 3     3 %     5 %     4.5 %     6 %
                     
    Net income attributable to TransUnion   $ 69     $ 77     $ 383     $ 411  
    Net income attributable to TransUnion growth   (18 )%   (9 )%     35 %     44 %
    Net income attributable to TransUnion margin     6.5 %     7.1 %     8.8 %     9.3 %
                     
    Diluted Earnings per Share   $ 0.35     $ 0.39     $ 1.92     $ 2.06  
    Diluted Earnings per Share growth   (20 )%   (10 )%     33 %     43 %
                     
    Adjusted EBITDA, as reported5   $ 375     $ 386     $ 1,549     $ 1,590  
    Adjusted EBITDA growth, as reported4     — %     3 %     3 %     6 %
    Adjusted EBITDA margin     34.8 %     35.3 %     35.6 %     36.0 %
                     
    Adjusted Diluted Earnings per Share5   $ 0.95     $ 0.99     $ 3.93     $ 4.08  
    Adjusted Diluted Earnings per Share growth   (4 )%     — %     — %     4 %
    1. Additional revenue growth assumptions:
      1. The impact of changing exchange rates is expected to be approximately 1 point of headwind for Q2 2025 and approximately 1 point of headwind for FY 2025.
      2. The impact of the recent acquisition is expected to have approximately 1 point of benefit for Q2 2025 and less than 1 point of benefit for FY 2025.
      3. The impact of mortgage is expected to be approximately 2 points of benefit for Q2 2025 and 2 points of benefit for FY 2025.
      4. Constant currency growth rates assume foreign currency exchange rates are consistent between years. This allows financial results to be evaluated without the impact of fluctuations in foreign currency exchange rates.
      5. Organic constant currency growth rates are constant currency growth excluding inorganic growth. Inorganic growth represents growth attributable to the first twelve months of activity for recent business acquisitions.
      6. Additional Adjusted EBITDA assumptions:
        1. The impact of changing foreign currency exchange rates is expected to have approximately 1 point of headwind for Q2 2025 and approximately 1 point of headwind for FY 2025.
        2. For a reconciliation of the above non-GAAP financial measures to the most directly comparable GAAP financial measures, refer to Schedule 7 of this Earnings Release.

          3. Earnings Webcast Details

          In conjunction with this release, TransUnion will host a conference call and webcast today at 8:30 a.m. Central Time to discuss the business results for the quarter and certain forward-looking information. This session and the accompanying presentation materials may be accessed at www.transunion.com/tru. A replay of the call will also be available at this website following the conclusion of the call.

          About TransUnion (NYSE: TRU)

          TransUnion is a global information and insights company with over 13,000 associates operating in more than 30 countries. We make trust possible by ensuring each person is reliably represented in the marketplace. We do this with a Tru™ picture of each person: an actionable view of consumers, stewarded with care. Through our acquisitions and technology investments we have developed innovative solutions that extend beyond our strong foundation in core credit into areas such as marketing, fraud, risk and advanced analytics. As a result, consumers and businesses can transact with confidence and achieve great things. We call this Information for Good® — and it leads to economic opportunity, great experiences and personal empowerment for millions of people around the world.

          http://www.transunion.com/business

          Availability of Information on TransUnion’s Website

          Investors and others should note that TransUnion routinely announces material information to investors and the marketplace using SEC filings, press releases, public conference calls, webcasts and the TransUnion Investor Relations website. While not all of the information that the Company posts to the TransUnion Investor Relations website is of a material nature, some information could be deemed to be material. Accordingly, the Company encourages investors, the media and others interested in TransUnion to review the information that it shares on www.transunion.com/tru.

          Forward-Looking Statements

          This earnings release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on the current beliefs and expectations of TransUnion’s management and are subject to significant risks and uncertainties. Actual results may differ materially from those described in the forward-looking statements. Any statements made in this earnings release that are not statements of historical fact, including statements about our beliefs and expectations, are forward-looking statements. Forward-looking statements include information concerning possible or assumed future results of operations, including our guidance and descriptions of our business plans and strategies. These statements often include words such as “anticipate,” “expect,” “guidance,” “suggest,” “plan,” “believe,” “intend,” “estimate,” “target,” “project,” “should,” “could,” “would,” “may,” “will,” “forecast,” “outlook,” “potential,” “continues,” “seeks,” “predicts,” or the negatives of these words and other similar expressions.

          Factors that could cause actual results to differ materially from those described in the forward-looking statements, or that could materially affect our financial results or such forward-looking statements include:

        • macroeconomic effects and changes in market conditions, including the impact of tariffs, inflation, risk of recession, and industry trends and adverse developments in the debt, consumer credit and financial services markets, including the impact on the carrying value of our assets in all of the markets where we operate;
        • our ability to provide competitive services and prices;
        • our ability to retain or renew existing agreements with large or long-term customers;
        • our ability to maintain the security and integrity of our data;
        • our ability to deliver services timely without interruption;
        • our ability to maintain our access to data sources;
        • government regulation and changes in the regulatory environment;
        • litigation or regulatory proceedings;
        • our approach to the use of artificial intelligence;
        • our ability to effectively manage our costs;
        • our efforts to execute our transformation plan and achieve the anticipated benefits and savings;
        • our ability to maintain effective internal control over financial reporting or disclosure controls and procedures;
        • economic and political stability in the United States and risks associated with the international markets where we operate;
        • our ability to effectively develop and maintain strategic alliances and joint ventures;
        • our ability to timely develop new services and the market’s willingness to adopt our new services;
        • our ability to manage and expand our operations and keep up with rapidly changing technologies;
        • our ability to acquire businesses, successfully secure financing for our acquisitions, timely consummate our acquisitions, successfully integrate the operations of our acquisitions, control the costs of integrating our acquisitions and realize the intended benefits of such acquisitions;
        • our ability to protect and enforce our intellectual property, trade secrets and other forms of unpatented intellectual property;
        • our ability to defend our intellectual property from infringement claims by third parties;
        • the ability of our outside service providers and key vendors to fulfill their obligations to us;
        • further consolidation in our end-customer markets;
        • the increased availability of free or inexpensive consumer information;
        • losses against which we do not insure;
        • our ability to make timely payments of principal and interest on our indebtedness;
        • our ability to satisfy covenants in the agreements governing our indebtedness;
        • our ability to maintain our liquidity;
        • stock price volatility;
        • our dividend payments;
        • share repurchase plans;
        • dividend rate;
        • our reliance on key management personnel; and
        • changes in tax laws or adverse outcomes resulting from examination of our tax returns.

        There may be other factors, many of which are beyond our control, that may cause our actual results to differ materially from the forward-looking statements, including factors disclosed in our Annual Report on Form 10-K for the year ended December 31, 2024, and any subsequent Quarterly Report on Form 10-Q or Current Report on Form 8-K filed with the Securities and Exchange Commission. You should evaluate all forward-looking statements made in this report in the context of these risks and uncertainties.

        The forward-looking statements contained in this earnings release speak only as of the date of this earnings release. We undertake no obligation to publicly release the result of any revisions to these forward-looking statements to reflect the impact of events or circumstances that may arise after the date of this earnings release.

         
        TRANSUNION AND SUBSIDIARIES
        Consolidated Balance Sheets (Unaudited)
        (in millions, except per share data)
         
            March 31,
        2025        		   December 31,
        2024
        Assets        
        Current assets:        
        Cash and cash equivalents   $ 609.9     $ 679.5  
        Trade accounts receivable, net of allowance of $24.4 and $19.9     882.3       798.9  
        Other current assets     326.2       323.4  
        Total current assets     1,818.4       1,801.8  
        Property, plant and equipment, net of accumulated depreciation and amortization of $527.6 and $506.3     199.8       203.5  
        Goodwill     5,162.7       5,144.3  
        Other intangibles, net of accumulated amortization of $2,421.7 and $2,294.5     3,205.6       3,257.5  
        Other assets     562.6       577.7  
        Total assets   $ 10,949.1     $ 10,984.8  
        Liabilities and stockholders’ equity        
        Current liabilities:        
        Trade accounts payable   $ 325.6     $ 294.6  
        Current portion of long-term debt     70.6       70.6  
        Other current liabilities     492.3       694.4  
        Total current liabilities     888.5       1,059.6  
        Long-term debt     5,060.2       5,076.6  
        Deferred taxes     386.4       415.3  
        Other liabilities     121.5       114.5  
        Total liabilities     6,456.6       6,666.0  
        Stockholders’ equity:        
        Preferred stock, $0.01 par value; 100.0 million shares authorized; none issued or outstanding as of March 31, 2025 and December 31, 2024, respectively     —       —  
        Common stock, $0.01 par value; 1.0 billion shares authorized at March 31, 2025 and December 31, 2024, 201.7 million and 201.5 million shares issued at March 31, 2025 and December 31, 2024, respectively, and 195.1 million and 194.9 million shares outstanding as of March 31, 2025 and December 31, 2024, respectively     2.0       2.0  
        Additional paid-in capital     2,595.1       2,558.9  
        Treasury stock at cost; 6.7 million and 6.6 million shares at March 31, 2025 and December 31, 2024, respectively     (340.1 )     (334.6 )
        Retained earnings     2,484.5       2,357.9  
        Accumulated other comprehensive loss     (355.7 )     (367.2 )
        Total TransUnion stockholders’ equity     4,385.8       4,217.0  
        Noncontrolling interests     106.7       101.8  
        Total stockholders’ equity     4,492.5       4,318.8  
        Total liabilities and stockholders’ equity   $ 10,949.1     $ 10,984.8  
         
        TRANSUNION AND SUBSIDIARIES
        Consolidated Statements of Operations (Unaudited)
        (in millions, except per share data)
         
            Three Months Ended March 31,
              2025       2024  
        Revenue   $ 1,095.7     $ 1,021.2  
        Operating expenses        
        Cost of services (exclusive of depreciation and amortization below)     445.6       406.3  
        Selling, general and administrative     256.8       305.6  
        Depreciation and amortization     138.9       134.0  
        Restructuring     —       18.2  
        Total operating expenses     841.4       864.1  
        Operating income     254.4       157.2  
        Non-operating income and (expense)        
        Interest expense     (56.1 )     (68.7 )
        Interest income     8.6       5.4  
        Earnings from equity method investments     4.3       4.7  
        Other income and (expense), net     (17.4 )     (15.7 )
        Total non-operating income and (expense)     (60.6 )     (74.1 )
        Income before income taxes     193.8       83.0  
        Provision for income taxes     (41.0 )     (13.0 )
        Net income     152.7       70.0  
        Less: net income attributable to noncontrolling interests     (4.7 )     (4.9 )
        Net income attributable to TransUnion   $ 148.1     $ 65.1  
                 
        Basic earnings per common share from:        
        Net income attributable to TransUnion   $ 0.76     $ 0.34  
        Diluted earnings per common share from:        
        Net income attributable to TransUnion   $ 0.75     $ 0.33  
        Weighted-average shares outstanding:        
        Basic     195.1       194.1  
        Diluted     197.3       195.3  

        As a result of displaying amounts in millions, rounding differences may exist in the table above.

         
        TRANSUNION AND SUBSIDIARIES
        Consolidated Statements of Cash Flows (Unaudited)
        (in millions)
         
            Three Months Ended March 31,
              2025       2024  
        Cash flows from operating activities:        
        Net income   $ 152.7     $ 70.0  
        Adjustments to reconcile net income to net cash provided by operating activities:        
        Depreciation and amortization     138.9       134.0  
        Loss on repayment of loans     —       0.7  
        Deferred taxes     (22.5 )     (27.1 )
        Stock-based compensation     30.3       24.1  
        Other     15.2       (1.2 )
        Changes in assets and liabilities:        
        Trade accounts receivable     (88.9 )     (60.7 )
        Other current and long-term assets     3.8       43.7  
        Trade accounts payable     29.7       28.7  
        Other current and long-term liabilities     (206.7 )     (158.2 )
        Cash provided by operating activities     52.5       54.0  
        Cash flows from investing activities:        
        Capital expenditures     (68.4 )     (62.4 )
        Proceeds from sale/maturities of other investments     0.2       —  
        Investments in nonconsolidated affiliates and notes receivable     (20.0 )     (1.2 )
        Other     1.6       1.2  
        Cash used in investing activities     (86.6 )     (62.4 )
        Cash flows from financing activities:        
        Proceeds from term loans     —       264.1  
        Repayments of term loans     —       (257.1 )
        Repayments of debt     (17.7 )     (14.6 )
        Debt financing fees     —       (4.7 )
        Dividends to shareholders     (22.6 )     (20.8 )
        Proceeds from issuance of common stock     10.6       12.4  
        Employee taxes paid on restricted stock units recorded as treasury stock     (5.5 )     (10.6 )
        Repurchase of common stock     (5.4 )     —  
        Cash used in financing activities     (40.6 )     (31.3 )
        Effect of exchange rate changes on cash and cash equivalents     5.1       (2.9 )
        Net change in cash and cash equivalents     (69.6 )     (42.6 )
        Cash and cash equivalents, beginning of period     679.5       476.2  
        Cash and cash equivalents, end of period   $ 609.9     $ 433.6  

        As a result of displaying amounts in millions, rounding differences may exist in the table above.

        TRANSUNION AND SUBSIDIARIES
        Non-GAAP Financial Measures

        We present Consolidated Adjusted EBITDA, Consolidated Adjusted EBITDA Margin, Adjusted Net Income, Adjusted Diluted Earnings per Share, Adjusted Provision for Income Taxes, Adjusted Effective Tax Rate and Leverage Ratio for all periods presented. These are important financial measures for the Company but are not financial measures as defined by GAAP. These financial measures should be reviewed in conjunction with the relevant GAAP financial measures and are not presented as alternative measures of GAAP. Other companies in our industry may define or calculate these measures differently than we do, limiting their usefulness as comparative measures. Because of these limitations, these non-GAAP financial measures should not be considered in isolation or as substitutes for performance measures calculated in accordance with GAAP, including operating income, operating margin, effective tax rate, net income attributable to the Company, diluted earnings per share or cash provided by operating activities. Reconciliations of these non-GAAP financial measures to their most directly comparable GAAP financial measures are presented in the tables below.

        We present Consolidated Adjusted EBITDA, Consolidated Adjusted EBITDA Margin, Adjusted Net Income, Adjusted Diluted Earnings per Share, Adjusted Provision for Income Taxes and Adjusted Effective Tax Rate as supplemental measures of our operating performance because these measures eliminate the impact of certain items that we do not consider indicative of our cash operations and ongoing operating performance. These are measures frequently used by securities analysts, investors and other interested parties in their evaluation of the operating performance of companies similar to ours.

        Our board of directors and executive management team use Adjusted EBITDA as an incentive compensation measure for most eligible employees and Adjusted Diluted Earnings per Share as an incentive compensation measure for certain of our senior executives.

        Under the credit agreement governing our Senior Secured Credit Facility, our ability to engage in activities such as incurring additional indebtedness, making investments and paying dividends is tied to our Leverage Ratio which is partially based on Adjusted EBITDA. Investors also use our Leverage Ratio to assess our ability to service our debt and make other capital allocation decisions.

        Consolidated Adjusted EBITDA

        Management has excluded the following items from net income attributable to TransUnion in order to calculate Adjusted EBITDA for the periods presented:

        • Net interest expense is the sum of interest expense and interest income as reported on our Consolidated Statements of Operations.
        • Provision for income taxes, as reported on our Consolidated Statements of Operations.
        • Depreciation and amortization, as reported on our Consolidated Statements of Operations.
        • Stock-based compensation is used as an incentive to engage and retain our employees. It is predominantly a non-cash expense. We exclude stock-based compensation because it may not correlate to the underlying performance of our business operations during the period since it is measured at the grant date fair value and it is subject to variability as a result of performance conditions and timing of grants. These expenses are reported within cost of services and selling, general and administrative on our Consolidated Statements of Operations.
        • Operating model optimization program represents employee separation costs, facility lease exit costs and other business process optimization expenses incurred in connection with the transformation plan discussed further in “Results of Operations – Factors Affecting Our Results of Operations” in our Quarterly Report on Form 10-Q for the three months ended March 31, 2025. We exclude these expenses as we believe they are not directly correlated to the underlying performance of our business. Further, these costs will vary and may not be comparable during the transformation initiative as we progress toward an optimized operating model. These costs are reported primarily in restructuring and selling, general and administrative on our Consolidated Statements of Operations.
        • Accelerated technology investment includes Project Rise and the final phase of our technology investment announced in November 2023. Project Rise was announced in February 2020 and was originally expected to be completed in 2022. Following our acquisition of Neustar in December 2021, we recognized the opportunity to take advantage of Neustar’s capabilities to enhance and complement our cloud-based technology already under development as part of Project Rise. As a result, we extended Project Rise’s timeline to 2024 and increased the total estimated cost to approximately $240 million. In November 2023, we announced our plans to further leverage Neustar’s technology to standardize and streamline our product delivery platforms and to build a single global platform for fulfillment of our product lines. The additional investment is expected to be approximately $90 million during 2024 and 2025 and represents the final phase of the technology investment in our global technology infrastructure and core customer applications. We expect that the accelerated technology investment will fundamentally transform our technology infrastructure by implementing a global cloud-based approach to streamline product development, increase the efficiency of ongoing operations and maintenance and enable a continuous improvement approach to avoid the need for another major technology overhaul in the foreseeable future. The unique effort to build a secure, reliable and performant hybrid cloud infrastructure requires us to dedicate separate resources in order to develop the new cloud-based infrastructure in parallel with our current on-premise environment by maintaining our existing technology team to ensure no disruptions to our customers. The costs associated with the accelerated technology investment are incremental and redundant costs that will not recur after the program has been completed and are not representative of our underlying operating performance. Therefore, we believe that excluding these costs from our non-GAAP measures provides a better reflection of our ongoing cost structure. These costs are primarily reported in cost of services and therefore do not include amounts that are capitalized as internally developed software.
        • Mergers and acquisitions, divestitures and business optimization expenses are non-recurring expenses associated with specific transactions (exploratory or executed) and consist of (i) transaction and integration costs, (ii) post-acquisition adjustments to contingent consideration or to assets and liabilities that occurred after the acquisition measurement period, (iii) fair value and impairment adjustments related to investments and call and put options, (iv) transition services agreement income, and (v) a loss on disposal of a business. We exclude these expenses as we believe they are not directly correlated to the underlying performance of our business operations and vary depending upon the timing of such transactions. These expenses are reported in costs of services, selling, general and administrative and other income and (expenses), net, on our Consolidated Statements of Operations.
        • Net other adjustments principally relate to: (i) deferred loan fee expense from debt prepayments and refinancing, (ii) currency remeasurement on foreign operations, (iii) other debt financing expenses consisting primarily of revolving credit facility deferred financing fee amortization and commitment fees and expenses associated with ratings agencies and interest rate hedging, (iv) certain legal and regulatory expenses, net, and (v) other non-operating (income) expense. We exclude these expenses as we believe they are not directly correlated to the underlying performance of our business and create variability between periods based on the nature and timing of the expense or income. These costs are reported in selling, general and administrative and in non-operating income and expense, net as applicable based on their nature on our Consolidated Statements of Operations.

        Consolidated Adjusted EBITDA Margin

        Management defines Consolidated Adjusted EBITDA Margin as Consolidated Adjusted EBITDA divided by total revenue as reported.

        Adjusted Net Income

        Management has excluded the following items from net income attributable to TransUnion in order to calculate Adjusted Net Income for the periods presented:

        • Amortization of certain intangible assets presents non-cash amortization expenses related to assets that arose from our 2012 change in control transaction and business combinations occurring after our 2012 change in control. We exclude these expenses as we believe they are not directly correlated to the underlying performance of our business operations and vary dependent upon the timing of the transactions that give rise to these assets. Amortization of intangible assets is included in depreciation and amortization on our Consolidated Statements of Operations.
        • Stock-based compensation (see Consolidated Adjusted EBITDA above)
        • Operating model optimization program (see Consolidated Adjusted EBITDA above)
        • Accelerated technology investment (see Consolidated Adjusted EBITDA above)
        • Mergers and acquisitions, divestiture and business optimization (see Consolidated Adjusted EBITDA above)
        • Net other is consistent with the definition in Consolidated Adjusted EBITDA above except that other debt financing expenses and certain other miscellaneous income and expense that are included in the adjustment to calculate Adjusted EBITDA are excluded in the adjustment made to calculate Adjusted Net Income.
        • Total adjustments for income taxes relates to the cumulative adjustments discussed below for Adjusted Provision for Income Taxes. This adjustment is made for the reasons indicated in Adjusted Provision for Income Taxes below. Adjustments related to the provision for income taxes are included in the line item by this name on our consolidated statement of operations.

        Adjusted Diluted Earnings Per Share

        Management defines Adjusted Diluted Earnings per Share as Adjusted Net Income divided by the weighted-average diluted shares outstanding.

        Adjusted Provision for Income Taxes

        Management has excluded the following items from our provision for income taxes for the periods presented:

        • Tax effect of above adjustments represents the income tax effect of the adjustments related to Adjusted Net Income described above. The tax rate applied to each adjustment is based on the nature of each line item. We include the tax effect of the adjustments made to Adjusted Net Income to provide a comprehensive view of our adjusted net income.
        • Excess tax expense (benefit) for stock-based compensation is the permanent difference between expenses recognized for book purposes and expenses recognized for tax purposes, in each case related to stock-based compensation expense. We exclude this amount from the Adjusted Provision for Income Taxes in order to be consistent with the exclusion of stock-based compensation from the calculation of Adjusted Net Income.
        • Other principally relates to (i) deferred tax adjustments, including rate changes, (ii) infrequent or unusual valuation allowance adjustments, (iii) return to provision, tax authority audit adjustments, and reserves related to prior periods, and (iv) other non-recurring items. We exclude these items because they create variability that impacts comparability between periods.

        Adjusted Effective Tax Rate

        Management defines Adjusted Effective Tax Rate as Adjusted Provision for Income Taxes divided by Adjusted income before income taxes. We calculate adjusted income before income taxes by excluding the pre-tax adjustments in the calculation of Adjusted Net Income discussed above and noncontrolling interest related to these pre-tax adjustments from income before income taxes.

        Leverage Ratio

        Management defines Leverage Ratio as net debt divided by Consolidated Adjusted EBITDA for the most recent twelve-month period including twelve months of Adjusted EBITDA from significant acquisitions. Net debt is defined as total debt less cash and cash equivalents as reported on the balance sheet as of the end of the period.

        This earnings release presents constant currency growth rates assuming foreign currency exchange rates are consistent between years. This allows financial results to be evaluated without the impact of fluctuations in foreign currency exchange rates. This earnings release also presents organic constant currency growth rates, which assumes consistent foreign currency exchange rates between years and also eliminates the impact of our recent acquisitions. This allows financial results to be evaluated without the impact of fluctuations in foreign currency exchange rates and the impacts of recent acquisitions.

        Free cash flow is defined as cash provided by operating activities less capital expenditures and is a measure we may refer to.

        Refer to Schedules 1 through 7 for a reconciliation of our non-GAAP financial measures to the most directly comparable GAAP financial measure.

         
        SCHEDULE 1
        TRANSUNION AND SUBSIDIARIES
        Revenue and Adjusted EBITDA growth rates as Reported, CC, and Organic CC
        (Unaudited)
         
            For the Three Months Ended March 31, 2025
        compared with
        the Three Months Ended March 31, 2024
            Reported   CC Growth1   Organic CC
        Growth2
        Revenue:            
        Consolidated   7.3 %   8.1 %   8.1 %
        U.S. Markets   8.6 %   8.6 %   8.6 %
        Financial Services   14.7 %   14.7 %   14.7 %
        Emerging Verticals   5.8 %   5.8 %   5.8 %
        Consumer Interactive   (0.8 )%   (0.8 )%   (0.8 )%
        International   2.5 %   6.0 %   6.0 %
        Canada   0.4 %   6.9 %   6.9 %
        Latin America   (0.5 )%   6.9 %   6.9 %
        United Kingdom   8.6 %   9.5 %   9.5 %
        Africa   11.9 %   9.5 %   9.5 %
        India   (3.3 )%   0.9 %   0.9 %
        Asia Pacific   7.0 %   8.0 %   8.0 %
                     
        Adjusted EBITDA:            
        Consolidated   10.9 %   12.3 %   12.3 %
        U.S. Markets   12.3 %   12.3 %   12.3 %
        International   2.8 %   7.3 %   7.3 %
        1. Constant Currency (“CC”) growth rates assume foreign currency exchange rates are consistent between years. This allows financial results to be evaluated without the impact of fluctuations in foreign currency exchange rates.
        2. We have no inorganic revenue or Adjusted EBITDA for the periods presented. Organic CC growth rate is the CC growth rate less the inorganic growth rate.
         
        SCHEDULE 2
        TRANSUNION AND SUBSIDIARIES
        Consolidated and Segment Revenue, Adjusted EBITDA, and Adjusted EBITDA Margin (Unaudited)
        (dollars in millions)
         
          Three Months Ended March 31,
            2025       2024  
        Revenue:      
        U.S. Markets gross revenue      
        Financial Services $ 403.6     $ 351.7  
        Emerging Verticals   314.9       297.5  
        Consumer Interactive   138.2       139.3  
        U.S. Markets gross revenue $ 856.6     $ 788.6  
               
        International gross revenue      
        Canada $ 37.8     $ 37.7  
        Latin America   32.8       32.9  
        United Kingdom   58.8       54.2  
        Africa   16.9       15.1  
        India   68.8       71.1  
        Asia Pacific   27.0       25.3  
        International gross revenue $ 242.2     $ 236.3  
               
        Total gross revenue $ 1,098.8     $ 1,024.9  
               
        Intersegment revenue eliminations      
        U.S. Markets $ (1.6 )   $ (2.3 )
        International   (1.5 )     (1.5 )
        Total intersegment revenue eliminations $ (3.1 )   $ (3.7 )
               
        Total revenue as reported $ 1,095.7     $ 1,021.2  
               
        Adjusted EBITDA:      
        U.S. Markets $ 320.1     $ 285.2  
        International   109.8       106.8  
        Corporate   (32.8 )     (33.9 )
        Adjusted EBITDA Margin:1      
        U.S. Markets   37.4 %     36.2 %
        International   45.3 %     45.2 %
        1. Segment Adjusted EBITDA Margins are calculated using segment gross revenue and segment Adjusted EBITDA. Consolidated Adjusted EBITDA Margin is calculated using total revenue as reported and consolidated Adjusted EBITDA.
          Three Months Ended March 31,
            2025       2024  
        Reconciliation of Net income attributable to TransUnion to consolidated Adjusted EBITDA:      
        Net income attributable to TransUnion $ 148.1     $ 65.1  
        Net interest expense   47.5       63.2  
        Provision for income taxes   41.0       13.0  
        Depreciation and amortization   138.9       134.0  
        EBITDA $ 375.5     $ 275.4  
        Adjustments to EBITDA:      
        Stock-based compensation   30.3       24.1  
        Mergers and acquisitions, divestitures and business optimization1   17.9       9.2  
        Accelerated technology investment2   20.0       18.5  
        Operating model optimization program3   9.8       24.4  
        Net other4   (56.4 )     6.5  
        Total adjustments to EBITDA $ 21.7     $ 82.8  
        Consolidated Adjusted EBITDA $ 397.1     $ 358.2  
               
        Net income attributable to TransUnion margin   13.5 %     6.4 %
        Consolidated Adjusted EBITDA margin5   36.2 %     35.1 %

        As a result of displaying amounts in millions, rounding differences may exist in the tables above and footnotes below.

        1.   Mergers and acquisitions, divestitures and business optimization consisted of the following adjustments:
            Three Months Ended March 31,
              2025       2024  
        Transaction and integration costs   $ 5.3     $ 2.2  
        Fair value and impairment adjustments     12.6       0.1  
        Post-acquisition adjustments     —       6.9  
        Total mergers and acquisitions, divestitures and business optimization   $ 17.9     $ 9.2  
        2.   Represents expenses associated with our accelerated technology investment to migrate to the cloud. There are three components of the accelerated technology investment: (i) building foundational capabilities, which includes establishing a modern, API-based and services-oriented software architecture, (ii) the migration of each application and customer data to the new enterprise platform, including the redundant software costs during the migration period, as well as the efforts to decommission the legacy system, and (iii) program enablement, which includes dedicated resources to support the planning and execution of the program. The amounts for each category of cost are as follows:
            Three Months Ended March 31,
              2025       2024  
        Foundational Capabilities   $ 7.4     $ 6.8  
        Migration Management     12.6       10.1  
        Program Enablement     —       1.7  
        Total accelerated technology investment   $ 20.0     $ 18.5  
        3.   Operating model optimization consisted of the following adjustments:
            Three Months Ended March 31,
              2025       2024  
        Employee separation   $ —     $ 16.8  
        Facility exit     —       1.4  
        Business process optimization     9.8       6.2  
        Total operating model optimization   $ 9.8     $ 24.4  
        4.   Net other consisted of the following adjustments: 
            Three Months Ended March 31,
              2025       2024  
        Deferred loan fee expense from debt prepayments and refinancing   $ (0.1 )   $ 3.1  
        Other debt financing expenses     0.5       0.6  
        Currency remeasurement on foreign operations     (0.6 )     2.6  
        Legal and regulatory expenses, net     (56.0 )     —  
        Other non-operating (income) expense     (0.3 )     0.2  
        Total other adjustments   $ (56.4 )   $ 6.5  
        5.   Consolidated Adjusted EBITDA margin is calculated by dividing Consolidated Adjusted EBITDA by total revenue.
         
        SCHEDULE 3
        TRANSUNION AND SUBSIDIARIES
        Adjusted Net Income and Adjusted Diluted Earnings Per Share (Unaudited)
        (in millions, except per share data)
         
            Three Months Ended March 31,
              2025       2024  
        Income attributable to TransUnion   $ 148.1     $ 65.1  
                 
        Weighted-average shares outstanding:        
        Basic     195.1       194.1  
        Diluted     197.3       195.3  
                 
        Basic earnings per common share from:        
        Net income attributable to TransUnion   $ 0.76     $ 0.34  
        Diluted earnings per common share from:        
        Net income attributable to TransUnion   $ 0.75     $ 0.33  
                 
        Reconciliation of Net income attributable to TransUnion to Adjusted Net Income:        
        Net income attributable to TransUnion   $ 148.1     $ 65.1  
        Adjustments before income tax items:        
        Amortization of certain intangible assets1     70.9       72.0  
        Stock-based compensation     30.3       24.1  
        Mergers and acquisitions, divestitures and business optimization2     17.9       9.2  
        Accelerated technology investment3     20.0       18.5  
        Operating model optimization program4     9.8       24.4  
        Net other5     (56.7 )     5.9  
        Total adjustments before income tax items   $ 92.3     $ 154.3  
        Total adjustments for income taxes6     (32.7 )     (40.4 )
        Adjusted Net Income   $ 207.6     $ 179.0  
                 
        Weighted-average shares outstanding:        
        Basic     195.1       194.1  
        Diluted     197.3       195.3  
                 
        Adjusted Earnings per Share:        
        Basic   $ 1.06     $ 0.92  
        Diluted   $ 1.05     $ 0.92  
            Three Months Ended March 31,
              2025       2024  
        Reconciliation of Diluted earnings per share from Net income attributable to TransUnion to Adjusted Diluted Earnings per Share:        
        Diluted earnings per common share from:        
        Net income attributable to TransUnion   $ 0.75     $ 0.33  
        Adjustments before income tax items:        
        Amortization of certain intangible assets1     0.36       0.37  
        Stock-based compensation     0.15       0.12  
        Mergers and acquisitions, divestitures and business optimization2     0.09       0.05  
        Accelerated technology investment3     0.10       0.09  
        Operating model optimization program4     0.05       0.13  
        Net other5     (0.29 )     0.03  
        Total adjustments before income tax items   $ 0.47     $ 0.79  
        Total adjustments for income taxes6     (0.17 )     (0.21 )
        Adjusted Diluted Earnings per Share   $ 1.05     $ 0.92  

        Each component of earnings per share is calculated independently, therefore, rounding differences exist in the table above.

        1.   Consists of amortization of intangible assets from our 2012 change-in-control transaction and amortization of intangible assets established in business acquisitions after our 2012 change-in-control transaction.
        2.   Mergers and acquisitions, divestitures and business optimization consisted of the following adjustments:
            Three Months Ended March 31,
              2025       2024  
        Transaction and integration costs   $ 5.3     $ 2.2  
        Fair value and impairment adjustments     12.6       0.1  
        Post-acquisition adjustments     —       6.9  
        Total mergers and acquisitions, divestitures and business optimization   $ 17.9     $ 9.2  
        3.   Represents expenses associated with our accelerated technology investment to migrate to the cloud. There are three components of the accelerated technology investment: (i) building foundational capabilities which includes establishing a modern, API-based and services-oriented software architecture, (ii) the migration of each application and customer data to the new enterprise platform, including the redundant software costs during the migration period, as well as the efforts to decommission the legacy system, and (iii) program enablement, which includes dedicated resources to support the planning and execution of the program. The amounts for each category of cost are as follows:
            Three Months Ended March 31,
              2025       2024  
        Foundational Capabilities   $ 7.4     $ 6.8  
        Migration Management     12.6       10.1  
        Program Enablement     —       1.7  
        Total accelerated technology investment   $ 20.0     $ 18.5  
        4.   Operating model optimization consisted of the following adjustments:
            Three Months Ended March 31,
              2025       2024  
        Employee separation   $ —     $ 16.8  
        Facility exit     —       1.4  
        Business process optimization     9.8       6.2  
        Total operating model optimization   $ 9.8     $ 24.4  
        5.   Net other consisted of the following adjustments:
            Three Months Ended March 31,
              2025       2024  
        Deferred loan fee expense from debt prepayments and refinancing   $ (0.1 )   $ 3.1  
        Currency remeasurement on foreign operations     (0.6 )     2.6  
        Legal and regulatory expenses, net     (56.0 )     —  
        Other non-operating (income) and expense     —       0.2  
        Total other adjustments   $ (56.7 )   $ 5.9  
        6.   Total adjustments for income taxes represents the total of adjustments discussed to calculate the Adjusted Provision for Income Taxes.
         
        SCHEDULE 4
        TRANSUNION AND SUBSIDIARIES
        Adjusted Provision for Income Taxes and Adjusted Effective Tax Rate (Unaudited)
        (dollars in millions)
         
          Three Months Ended March 31,
            2025       2024  
        Income before income taxes $ 193.8     $ 83.0  
        Total adjustments before income tax items from Schedule 3   92.3       154.3  
        Adjusted income before income taxes $ 286.1     $ 237.3  
               
        Reconciliation of Provision for income taxes to Adjusted Provision for Income Taxes:      
        Provision for income taxes   (41.0 )     (13.0 )
        Adjustments for income taxes:      
        Tax effect of above adjustments   (32.3 )     (35.0 )
        Eliminate impact of excess tax expense for stock-based compensation   0.5       1.0  
        Other1   (0.9 )     (6.4 )
        Total adjustments for income taxes $ (32.7 )   $ (40.4 )
        Adjusted Provision for Income Taxes $ (73.7 )   $ (53.4 )
               
        Effective tax rate   21.2 %     15.7 %
        Adjusted Effective Tax Rate   25.8 %     22.5 %

        As a result of displaying amounts in millions, rounding differences may exist in the table above.

        1.   Other adjustments for income taxes include:
            Three Months Ended March 31,
              2025       2024  
        Deferred tax adjustments   $ (4.6 )   $ (5.1 )
        Valuation allowance adjustments     2.3       0.2  
        Return to provision, audit adjustments and reserves related to prior periods     1.0       (0.9 )
        Other adjustments     0.4       (0.5 )
        Total other adjustments   $ (0.9 )   $ (6.4 )
         
        SCHEDULE 5
        TRANSUNION AND SUBSIDIARIES
        Leverage Ratio (Unaudited)
        (dollars in millions)
         
            Trailing Twelve
        Months Ended
        March 31, 2025
        Reconciliation of Net income attributable to TransUnion to Consolidated Adjusted EBITDA:    
        Net income attributable to TransUnion   $ 367.3  
        Net interest expense     221.0  
        Provision for income taxes     126.9  
        Depreciation and amortization     542.6  
        EBITDA   $ 1,257.7  
        Adjustments to EBITDA:    
        Stock-based compensation   $ 127.5  
        Mergers and acquisitions, divestitures and business optimization1     35.2  
        Accelerated technology investment2     85.7  
        Operating model optimization program3     80.3  
        Net other4     (41.1 )
        Total adjustments to EBITDA   $ 287.6  
        Leverage Ratio Adjusted EBITDA   $ 1,545.3  
             
        Total debt   $ 5,130.8  
        Less: Cash and cash equivalents     609.9  
        Net Debt   $ 4,521.0  
             
        Ratio of Net Debt to Net income attributable to TransUnion     12.3  
        Leverage Ratio     2.9  

        As a result of displaying amounts in millions, rounding differences may exist in the table above.

        1.   Mergers and acquisitions, divestitures and business optimization consisted of the following adjustments:
            Trailing Twelve
        Months Ended
        March 31, 2025
        Transaction and integration costs   $ 14.2  
        Fair value and impairment adjustments     20.8  
        Post-acquisition adjustments     0.1  
        Total mergers and acquisitions, divestitures and business optimization   $ 35.2  
        2.   Represents expenses associated with our accelerated technology investment to migrate to the cloud. There are three components of the accelerated technology investment: (i) building foundational capabilities which includes establishing a modern, API-based and services-oriented software architecture, (ii) the migration of each application and customer data to the new enterprise platform including the redundant software costs during the migration period, as well as the efforts to decommission the legacy system, and (iii) program enablement, which includes dedicated resources to support the planning and execution of the program. The amounts for each category of cost are as follows:
            Trailing Twelve
        Months Ended
        March 31, 2025
        Foundational Capabilities   $ 36.3  
        Migration Management     45.6  
        Program Enablement     3.8  
        Total accelerated technology investment   $ 85.7  
        3.   Operating model optimization consisted of the following adjustments:
            Trailing Twelve
        Months Ended
        March 31, 2025
        Employee separation   $ 7.9  
        Facility exit     40.7  
        Business process optimization     31.7  
        Total operating model optimization   $ 80.3  
        4.   Net other consisted of the following adjustments:
            Trailing Twelve
        Months Ended
        March 31, 2025
        Deferred loan fee expense from debt prepayments and refinancings   $ 14.6  
        Other debt financing expenses     2.3  
        Currency remeasurement on foreign operations     (1.1 )
        Legal and regulatory expenses, net     (56.0 )
        Other non-operating (income) and expense     (1.0 )
        Total other adjustments   $ (41.1 )
         
        SCHEDULE 6
        TRANSUNION AND SUBSIDIARIES
        Segment Depreciation and Amortization (Unaudited)
        (in millions)
         
          Three Months Ended March 31,
            2025       2024  
               
        U.S. Markets $ 101.2     $ 100.8  
        International   36.6       32.2  
        Corporate   1.1       1.0  
        Total depreciation and amortization $ 138.9     $ 134.0  

        As a result of displaying amounts in millions, rounding differences may exist in the table above.

         
        SCHEDULE 7
        TRANSUNION AND SUBSIDIARIES
        Reconciliation of Non-GAAP Guidance (Unaudited)
        (in millions, except per share data)
         
          Three Months Ended
        June 30, 2025        		   Twelve Months Ended
        December 31, 2025
          Low   High   Low   High
        Guidance reconciliation of Net income attributable to TransUnion to Adjusted EBITDA:              
        Net income attributable to TransUnion $ 69     $ 77     $ 383     $ 411  
        Interest, taxes and depreciation and amortization   220       224       917       929  
        EBITDA $ 290     $ 302     $ 1,299     $ 1,340  
        Stock-based compensation, mergers, acquisitions divestitures and business optimization-related expenses and other adjustments1   85       85       250       250  
        Adjusted EBITDA $ 375     $ 386     $ 1,549     $ 1,590  
                       
        Net income attributable to TransUnion margin   6.5 %     7.1 %     8.8 %     9.3 %
        Consolidated Adjusted EBITDA margin2   34.8 %     35.3 %     35.6 %     36.0 %
                       
        Guidance reconciliation of Diluted earnings per share to Adjusted Diluted Earnings per Share:              
        Diluted earnings per share $ 0.35     $ 0.39     $ 1.92     $ 2.06  
        Adjustments to diluted earnings per share1   0.60       0.60       2.00       2.01  
        Adjusted Diluted Earnings per Share $ 0.95     $ 0.99     $ 3.93     $ 4.08  

        As a result of displaying amounts in millions, rounding differences may exist in the table above.

        1. These adjustments include the same adjustments we make to our Adjusted EBITDA and Adjusted Net Income as discussed in the Non-GAAP Financial Measures section of our Earnings Release.
        2. Consolidated Adjusted EBITDA margin is calculated by dividing Consolidated Adjusted EBITDA by total revenue.

        The MIL Network –

  • MIL-OSI USA: SPC Apr 24, 2025 0600 UTC Day 2 Convective Outlook

    Source: US National Oceanic and Atmospheric Administration

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    Apr 24, 2025 0600 UTC Day 2 Convective Outlook

    Updated: Thu Apr 24 05:20:13 UTC 2025 (Print Version |   |  )

    Probabilistic to Categorical Outlook Conversion Table

     Forecast Discussion

    SPC AC 240520

    Day 2 Convective Outlook
    NWS Storm Prediction Center Norman OK
    1220 AM CDT Thu Apr 24 2025

    Valid 251200Z – 261200Z

    …THERE IS A MARGINAL RISK OF SEVERE THUNDERSTORMS ACROSS EXTREME
    EASTERN NEW MEXICO…NORTHWEST TEXAS AND PORTIONS OF
    SOUTHWEST/CENTRAL OKLAHOMA…

    …SUMMARY…
    Isolated severe thunderstorms are possible across parts of Oklahoma,
    northwest Texas, and extreme eastern New Mexico Friday afternoon and
    evening.

    …Southern Plains…

    An upper ridge will build over the Plains on Friday. Despite the
    building ridge, midlevel temperatures will remain somewhat cool (-10
    to -14 C at 500 mb) and weak shortwave impulse is expected to
    meander through the upper ridge during the afternoon/evening. At the
    surface, a cold front will sag southward across KS into
    northern/central OK and the TX Panhandle by 00-03z. A dryline also
    will extend southward across southwest TX. Some forecast guidance
    suggests remnant convection from the Day 1/Thu period could be
    ongoing across parts of eastern OK/KS Friday morning. This is
    uncertain, but if this occurs, an outflow boundary may also extend
    across portions of OK. Modest boundary layer moisture beneath steep
    midlevel lapse rates will support moderate instability, especially
    where stronger heating occurs. The aforementioned surface boundaries
    will serve as foci for potential thunderstorm development during the
    afternoon/evening. Elongated hodographs and effective shear near 30
    kt suggests any storms that develop could produce large hail. Where
    stronger heating occurs, steep low-level lapse rates also could
    support sporadic strong gusts.

    …OH Valley…

    An upper shortwave trough will develop east across southeast Canada
    and the Great Lakes vicinity on Friday. Stronger westerly flow aloft
    will largely remain over the Great Lakes and Canada and lag behind a
    surface cold front. This surface cold front is forecast to move
    across the Ohio Valley during the afternoon and evening. Modest
    boundary layer moisture ahead of the front will support modest
    destabilization. However, vertical shear is expected to remain
    fairly weak. Scattered thunderstorms are expected, and a few
    stronger cells could produce locally gusty winds or perhaps small
    hail. Overall severe potential is expected to remain limited.

    ..Leitman.. 04/24/2025

    CLICK TO GET WUUS02 PTSDY2 PRODUCT

    NOTE: THE NEXT DAY 2 OUTLOOK IS SCHEDULED BY 1730Z

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    MIL OSI USA News –

  • MIL-OSI Africa: African Mining Week (AMW) to Spotlight Investor Strategies Driving Africa’s Mineral Industrialization

    Source: Africa Press Organisation – English (2) – Report:

    CAPE TOWN, South Africa, April 24, 2025/APO Group/ —

    African Mining Week (AMW) – taking place from October 1–3, 2025, in Cape Town – will connect global investors with high-impact opportunities across Africa’s mining sector, spotlighting the strategies fueling the continent’s mineral industrialization.

    A key highlight of the event will be a high-level panel, The Investor Perspective: Financing Africa’s Mineral Industrialization. The session will explore the evolving investment landscape and examine diverse financing mechanisms – including bank loans, private equity, venture capital and impact investing – that are mobilizing capital into African mining.

    DFIs Drive Infrastructure Investments

    Attracted by strong returns and Africa’s long-term growth potential, development finance institutions (DFIs) are ramping up investments into the continent’s mining infrastructure. In March 2025, the African Development Bank approved a $150 million loan to Mauritania’s state-owned mining company SNIM and committed $500 million to the Lobito Corridor – a strategic railway project linking Angola, the DRC and Zambia to international markets. Meanwhile, the Africa Finance Corporation (AFC) is backing several critical mineral projects, including Nyanza Light Metals’ $780 million PGMs facility in South Africa, Gecamines’ expansion in the DRC, Giyani Metals’ manganese development in Botswana and FG Gold’s project in Sierra Leone. Between 2014 and 2024, AFC invested over $1 billion into Africa’s mining sector. The U.S. International Development Finance Corporation (DFC) is also deepening its commitment, providing more than $750 million toward the Lobito Corridor, $34 million for Pensana’s Longonjo rare earths project in Angola and $3.2 million to Chillerton’s green copper development in Zambia.

    Geopolitics and African Prospects

    Geopolitical shifts are intensifying the global race for Africa’s critical minerals, vital for the energy transition and digital economy. From 2019 to 2023, companies from the United Arab Emirates committed over $110 billion to African projects. In early 2025, UAE-based Ambrosia Investment Holding acquired a 50% stake in Allied Gold’s projects in Ethiopia and Mali, investing $375 million to scale up gold production. Canadian mining investment on the continent has now surpassed $37 billion, with companies like Ivanhoe Mines, Fortuna Silver, Pioneer Lithium and Trigon Metals leading expansion efforts. Similarly, Australia’s mining footprint in Africa reached $60 billion in asset value in 2024, supported by firms such as Sovereign Metals, Cazaly Resources and Atlantic Lithium.

    Private Placements

    Private placements are emerging as a preferred capital-raising vehicle for mining ventures across Africa. Companies including Zanaga Iron Ore, Moab Minerals, Global Atomic Corporation, Premier African Minerals and Trigon Metals are leveraging this mechanism to fast-track project development and attract investor interest. As ESG criteria take center stage in investment decision-making, AMW will serve as a platform for financiers and project developers to engage on sustainability metrics, transparency and responsible investing.

    MIL OSI Africa –

  • MIL-OSI Global: Threatening diversity, threatening growth: the business effects of Trump’s anti-DEI and anti-trans agendas

    Source: The Conversation – France – By Matteo Winkler, Professeur associé en droit et fiscalité, HEC Paris Business School

    Recent months have seen a dramatic shift in US policies on diversity, equity, and inclusion (DEI). These changes carry deep economic consequences. President Donald Trump’s executive orders aim to ban DEI initiatives in federal agencies and contractors, and private companies have felt pressure to weaken or drop their DEI programmes. Trump has framed what was once a corporate safeguard against discrimination as “illegal and immoral”, marking a stark reversal in legal and business norms. Federal judges have blocked some of Trump’s orders, or elements of them, and some legal processes are ongoing.

    Transgender rights have become a lightning rod in this shifting landscape. The barrage of federal directives seeks to challenge – or outright eliminate – protections in areas ranging from health care to education to the military. Beyond the immediate harm to trans individuals, these policies pose threats to multinational companies that have long defended inclusive workplace values. Their leaders must now navigate a cultural minefield where staying silent risks public backlash, while openly supporting trans employees can invite legal and political complications. The business repercussions of this moral issue could affect everything from brand reputation to talent retention.


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    The economic imperative of DEI initiatives

    There is a growing ensemble of research suggesting that DEI policies are not just nice-to-have but a corporate imperative. This year, the World Economic Forum reported that organizations that include DEI in their core business strategies improve performance, innovation and employee satisfaction. These findings are in line with other studies, which have consistently demonstrated that inclusive workplaces not only attract top talent but perform better financially and have higher returns on assets and net income.

    With regard to people identifying as LGBTI+, a 2024 report by the Organization for Economic Co-operation and Development highlighted that inclusive policies enable LGBTI+ individuals to achieve their full employment and productivity potential, benefiting both their well-being and society at large. Moreover, according to Open for Business, a think tank whose mission is making a case for LGBTQ+ inclusion in private and public settings, companies with “larger LGBTQ+ workforce benefit from diverse perspectives but also foster environments where innovation and productivity thrive”. It has also been found that human rights violations against LGBTI+ people diminish economic output at the micro level, suggesting that inclusive societies are more likely to experience robust economic growth.



    À lire aussi :
    Business schools are facing challenges to their diversity commitments. They must reinforce them to train leaders effectively

    Research has also shown that trans-inclusive business practices have long been associated with innovation, employee satisfaction and market competitiveness. Companies that provide gender-neutral bathroom access, introduce the inclusive use of pronouns and support employees’ gender transitions have been proven to foster relational authenticity in the workplace.

    Discrimination and exclusion, by contrast, not only harm individuals but also impede economic growth by limiting the available talent pool and reducing overall productivity. In September 2024, the American Civil Liberties Union (ACLU) reported that “laws and policies designed to restrict or prevent access or supports for transgender and nonbinary people” endanger LGBTQ+ individuals and their allies, leading to increased fear, lack of safety and a rise in anti-LGBTQ+ violence. More generally, these laws and policies can also deter businesses from investing in regions perceived as discriminatory. Also in September, the Movement Advancement Project identified that the lack of legal protection against discrimination contributes to economic instability for LGBTQ+ families, which can lead to wage gaps, job insecurity and reduced access to benefits, ultimately contributing to reduced consumer spending and lower economic participation.

    Language targeting trans rights and visibility

    Despite the benefits of DEI initiatives, the current US administration has sought to enact several policies aimed at dismantling them, resulting in organizations, both public and private, to suspend funding for DEI and outreach programmes. In Trump’s executive orders, anything – policy, programme or initiative – related to or benefitting trans people in access to healthcare, academic research, scientific inquiry, school policies, personal safety, participation in sports, and military service is now rejected as “gender ideology extremism”.

    Targeting sports, education and the military is functional to an ideological battle aimed at erasing spaces where trans people are most vulnerable. These spaces are also formative arenas in shaping national identity and the public perception of DEI initiatives. When they become politicized, they can also affect how businesses frame their values, manage risks and engage with their different stakeholders.



    À lire aussi :
    Anti-DEI guidance from Trump administration misinterprets the law and guts educators’ free speech rights

    The anti-trans executive orders begin by redefining the term “sex” for interpretations of federal law. According to the text of “Defending Women from Gender Ideology Extremism and Restoring Biological Truth to Federal Government”, a person is either male or female, which is determined by their reproductive cells at conception – a definition in which biology takes precedence over individual rights and legal protections. “Keeping Men Out of Women’s Sports” weaponizes this “biological truth” by threatening to cut off federal funds to schools that allow trans athletes to participate in them. “Prioritizing Military Excellence and Readiness” equates being transgender with medical or physical incapacity despite no evidence suggesting that trans service members negatively impact military readiness. “Ending Radical Indoctrination in K-12 Schooling” seeks to prevent schools from teaching about gender identity, which would strip trans youth of critical support systems. And “Protecting Children from Chemical and Surgical Mutilation” describes gender-affirming healthcare as “destructive”.

    The ripple effects of this anti-trans rhetoric extend into the private sector, compelling businesses to reevaluate their DEI strategies in fear of backlash or scrutiny. Even before the last US presidential election, companies such as Ford, Harley-Davidson and Lowe’s withdrew their participation in the Corporate Equality Index, a national benchmarking tool on corporate policies and practices related to LGBTQ+ workplace equality. In the wake of Trump’s anti-DEI and anti-trans orders, organizers of various Pride events in the US and Canada learned that some corporations, including longtime sponsors, had decided not to fund them. And according to the New York Times, some companies erased language and terms related to DEI from annual reports filed this year, including Dow Chemical, whose reference to LGBTQ+ employee resource groups disappeared from its public documents.

    Navigating between inclusive values and anti-DEI pressure

    Three patterns seem to be emerging on how companies are navigating the tension between values that are inclusive of LGBTI+ people and the growing pressure to scrub DEI commitments within the US context. For the moment, these patterns do not reflect formalized strategies but adaptive responses to an environment that has grown in complexity in a very short time. Some corporate actions reflect deliberate strategy aimed at protecting global consistency, while others appear more reactive, shaped by local market pressures.

    The first pattern involves establishing a sort of internal firewall between US and international operations. Banco Santander provides a clear example of this approach. Thus far, it has maintained global DEI commitments such as tying executive bonuses to increased gender equality in leadership. This group stated that such targets would not be applied to countries where governmental policies target DEI. In this pattern, DEI programmes are maintained abroad but are dismantled in the US to minimize political exposure in the latter.

    The second approach, observed at accounting firm Deloitte, is a cultural split between US operations and those overseas: while entities under the same global brand may still share data, practices, or strategic frameworks internally, they now adopt publicly distinct positions on DEI. Deloitte UK has remained vocal on its DEI commitments, highlighting the cultural and political fault lines that multinationals must now navigate.

    The third approach is a retraction of DEI altogether. Target offers a striking example. In 2023, under increased political and consumer pressure, the company rolled back some of its LGBTQ+ inclusion efforts by reducing the number of Pride-related items for sale. In 2025, four days after Trump’s inauguration, Target announced it would “end its three-year DEI goals”, cease reporting to the Corporate Equality Index and “end a program focused on carrying more products from Black- or minority-owned businesses”, as reported by CNBC. The moves resulted in considerable public criticism, and more notably, coincided with a marked drop in foot traffic – “nearly 5 million fewer visits” over a four-week period – revealing reputational and financial risks associated with the abandoning of DEI policies. By contrast, bulk retailer Costco, which said three days after the inauguration that its shareholders voted against a proposal seen as unfriendly to the company’s DEI programmes, “saw nearly 7.7 million more visits” during that same stretch.



    À lire aussi :
    A boycott campaign fuels tension between Black shoppers and Black-owned brands – evoking the long struggle for ‘consumer citizenship’

    In light of the evidence, it is clear that undermining DEI initiatives poses substantial risks – not just to human dignity, but to economic competitiveness. Businesses and policymakers must recognize that DEI is not merely a social or ethical imperative but a core strategy for growth and innovation. By fostering environments where all individuals can thrive, we unlock the full potential of our workforce and ensure sustainable economic growth.

    Conversely, discriminatory policies contribute to social instability, brain drain and economic stagnation. In the United States, the rollback of DEI initiatives and the marginalization of transgender individuals threaten to erode the nation’s ability to uphold human rights and maintain business competitiveness. History demonstrates that exclusionary policies ultimately harm societies rather than strengthen them. The question remains whether the US can afford to sacrifice social stability and economic growth in pursuit of ideological battles. The evidence suggests that it cannot.

    Matteo Winkler is a member of the Open for Business Academic Committee. He has received funding from the HEC Foundation.

    Marcelle Laliberté is a member of Women in Aerospace Europe and HEC We&Men, and a contributor to the UN`s High Advisory Board on Governing AI for Humanity.

    – ref. Threatening diversity, threatening growth: the business effects of Trump’s anti-DEI and anti-trans agendas – https://theconversation.com/threatening-diversity-threatening-growth-the-business-effects-of-trumps-anti-dei-and-anti-trans-agendas-255040

    MIL OSI – Global Reports –