Category: Crime

  • MIL-OSI USA: Senate Passes Cassidy’s Bill to Combat Illegal Fentanyl

    US Senate News:

    Source: United States Senator for Louisiana Bill Cassidy

    WASHINGTON – U.S. Senators Bill Cassidy, M.D. (R-LA) and Chuck Grassley (R-IA) today celebrated the passage of the Halt All Lethal Trafficking (HALT) Fentanyl Act, which makes permanent the temporary classification of fentanyl-related substances as a Schedule I drug of the Controlled Substances Act (CSA). Cassidy’s bill passed the U.S. Senate by a vote of 84-16 and will head to President Trump’s desk to be signed into law. The HALT Fentanyl Act built on the momentum of the Stopping Overdoses of Fentanyl Analogues (SOFA) Act introduced by U.S. Senator Ron Johnson (R-WI).
    “74,000 people died in 2023 from fentanyl overdoses. Law enforcement needs every tool,” said Dr. Cassidy. “This gives them another tool and makes that tool permanent. We must continue to work until 74,000 becomes 0. I am proud to have led the effort to get this bill to the president’s desk.”
    “The HALT Fentanyl Act is a critical step towards ending the crisis that’s killing hundreds of thousands of precious American lives. I thank my Senate colleagues for passing this bill with broad, overwhelming support,” Senator Grassley. “I urge my House colleagues to swiftly pass the Senate version of this battle-tested, bipartisan bill to save lives, advance research and support our brave men and women in blue.”
    “The HALT Fentanyl Act incorporates the permanent scheduling of fentanyl-related substances, which I first introduced in 2017 in the Stopping Overdoses of Fentanyl Analogues Act (SOFA). SOFA served as the template for the Trump administration’s temporary scheduling rule in 2018, and it recognizes the admirable devotion of Wisconsinites Dr. Tim Westlake and Lauri Badura. Ms. Badura, who founded Saving Others for Archie, made it her life’s mission to end the fentanyl crisis after tragically losing her son, Archie, to fentanyl poisoning. I am pleased that the Senate overwhelmingly passed this important bill that has been proven to keep new kinds of fentanyl-related substances from being manufactured for illicit use in our communities,” said Senator Johnson.
    The bill has 30 U.S. Senate cosponsors, including Democratic lead Martin Heinrich (D-NM).
    “I’m pleased that my HALT Fentanyl Act passed the Senate and is one step closer to becoming law,” said Senator Heinrich. “My legislation now heads to the House and I urge my colleagues to pass it. The HALT Fentanyl Act is urgently needed to help our law enforcement crack down on illegal trafficking, get deadly fentanyl out of our communities, and save lives.”
    The bill has also been endorsed by U.S. Attorney General Pam Bondi and is supported by 40 advocacy groups, including 25 State Attorneys General, 11 major law enforcement organizations, nine major medical associations and Facing Fentanyl, a coalition of over 200 impacted family groups.
    Before the vote, Cassidy spoke on the U.S. Senate floor urging his colleague to vote for his HALT Fentanyl Act.
    Background:
    In February, Cassidy spoke on the U.S. Senate floor amid Senate Democrat’s attempt to undermine his HALT Fentanyl Act.
    Drug overdoses, largely driven by fentanyl, are the leading cause of death among young adults 18 to 45 years old. Synthetic opioids like fentanyl account for 66 percent of the total U.S. overdose deaths. In the last two fiscal years, U.S. Customs and Border Protect (CBP) seized record amounts of fentanyl—nearly 50,000 pounds—enough to produce more than 2 billion lethal doses. According to the U.S. Centers for Disease Control and Prevention (CDC), in 2023 there were an estimated 107,543 drug overdose deaths—74,702 of which were attributed to fentanyl. This was primarily fueled by synthetic opioids, including illegal fentanyl, which are largely manufactured in Mexico from raw materials supplied by China. In 2022, there were over 50.6 million fentanyl-laced fake prescription pills seized by the U.S. Drug Enforcement Administration (DEA), more than doubling the amount seized in 2021.
    In 2017, Johnson introduced SOFA in the U.S. Senate following the Wisconsin legislature’s unanimous adoption of a similar bill. In 2019, Cassidy became a cosponsor of SOFA. 

    MIL OSI USA News

  • MIL-OSI Russia: Financial news: 03/17/2025, 10-10 (Moscow time) the values of the lower boundary of the price corridor and the range of market risk assessment for the security RU000A107GM1 (IADOM 1P41) were changed.

    Translartion. Region: Russians Fedetion –

    Source: Moscow Exchange – Moscow Exchange –

    03/17/2025

    10:10

    In accordance with the Methodology for determining the risk parameters of the stock market and deposit market of Moscow Exchange PJSC by NCO NCC (JSC) on 17.03.2025, 10-10 (Moscow time), the values of the lower limit of the price corridor (up to 69.83) and the range of market risk assessment (up to 536.99 rubles, equivalent to a rate of 23.75%) of the RU000A107GM1 security (IADOM 1P41) were changed.

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    MIL OSI Russia News

  • MIL-OSI Russia: Financial news: 03/17/2025, 10:37 (Moscow time) the values of the lower limit of the price corridor and the range of market risk assessment for the security RU000A0JQAM6 (DOM.RF15ob) were changed.

    Translartion. Region: Russians Fedetion –

    Source: Moscow Exchange – Moscow Exchange –

    03/17/2025

    10:37

    In accordance with the Methodology for determining the risk parameters of the stock market and deposit market of Moscow Exchange PJSC by NCO NCC (JSC) on 17.03.2025, 10-37 (Moscow time), the values of the lower limit of the price corridor (up to 100.57) and the range of market risk assessment (up to 952.53 rubles, equivalent to a rate of 12.5%) of the RU000A0JQAM6 security (DOM.RF15ob) were changed.

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    MIL OSI Russia News

  • MIL-OSI Russia: Yuri Trutnev: We will continue to develop technologies in the Patriotic TOR and help our fighters on the front lines

    Translartion. Region: Russians Fedetion –

    Source: Government of the Russian Federation – An important disclaimer is at the bottom of this article.

    March 17, 2025

    Products of Far Eastern enterprises – residents of the Patriotic Priority Development Area continue to be supplied to military personnel and volunteers in the special military operation zone. The next batch was handed over by Deputy Prime Minister – Plenipotentiary Representative of the President in the Far Eastern Federal District Yuri Trutnev to the front line commanders and military personnel of the Russian army, including those from the Far East.

    “We transferred equipment, first of all, to units of the Eastern Military District. It was received by representatives of evacuation units, because all the others were in combat. We talked to the guys about how things were going, how the equipment was performing, what else we needed to help with. It is too early for all of us to relax, the war continues. We must do everything possible to support our army. On this trip, we transferred more than 90 units of motor transport alone. And all of it was assembled at enterprises in the Far East. We are developing technologies, learning to make new products and, first of all, providing assistance to our soldiers. The work will continue. We have a Patriotic Priority Development Area, within the framework of this working structure, we will continue to do everything we can for the front. These are motorcycles, all-terrain vehicles, ATVs, thermal imaging sights and much more. I spoke with the commander of the Eastern Military District, he said that the Minister of Defense Andrei Removich Belousov compared our equipment with the equipment produced by other Russian enterprises, as well as with Chinese equipment, and said that our Far Eastern motorcycles are better. And I think so too,” said Yuri Trutnev.

    The units participating in the special military operation received weapons, uniforms, and vehicles, including units of the Eastern Military District, fighters from the 11th Separate Guards Airborne Assault Brigade from Ulan-Ude, the 83rd Separate Guards Airborne Assault Brigade from Ussuriysk, the 155th Separate Guards Marine Brigade of the Russian Pacific Fleet, and the 14th Separate Guards Special Purpose Brigade from Khabarovsk.

    The fighters received more than 150 Kharon thermal imaging sights manufactured in Primorye, 40 Sokol all-terrain vehicles manufactured by Yakt-Sokol and 40 Timir At electric motorcycles from Yakutia, more than 2,000 FPV drones from the Zabaikalsky Krai, and 10 Medoyed swamp vehicles from Buryatia. In addition, sniper systems, smooth-bore guns for combating enemy drones, surveillance and detection devices, UAVs, electronic warfare equipment, anti-fragmentation suits, and ammunition were transferred. It should be noted that the contribution of the enterprises to the victory was previously recognized with the Star of the Far East award. Yakt-Sokol and the enduro motorcycle manufacturer Timir At became the winners in the Everything for Victory nomination. Each resident supplied several hundred units of equipment to the Armed Forces of the Russian Federation in the SVO zone.

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    MIL OSI Russia News

  • MIL-OSI Russia: Financial news: 03/17/2025, 10:53 (Moscow time) the values of the upper limit of the price corridor and the range of market risk assessment for the security RU000A105DN0 (FSK RS BO6) were changed.

    Translartion. Region: Russians Fedetion –

    Source: Moscow Exchange – Moscow Exchange –

    03/17/2025

    10:53

    In accordance with the Methodology for determining the risk parameters of the stock market and deposit market of Moscow Exchange PJSC by NCO NCC (JSC) on 17.03.2025, 10-53 (Moscow time), the values of the upper limit of the price corridor (up to 95.61) and the range of market risk assessment (up to 1040.45 rubles, equivalent to a rate of 21.25%) of the security RU000A105DN0 (FSK RS BO6) were changed.

    Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

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    HTTPS: //VVV. MOEX.K.MO/N78549

    MIL OSI Russia News

  • MIL-OSI Russia: Financial news: 03/17/2025, 10:58 (Moscow time) the values of the lower boundary of the price corridor and the range of market risk assessment for the security RU000A0JT403 (VEB.RF 18) were changed.

    Translartion. Region: Russians Fedetion –

    Source: Moscow Exchange – Moscow Exchange –

    03/17/2025

    10:58

    In accordance with the Methodology for determining the risk parameters of the stock market and deposit market of Moscow Exchange PJSC by NCO NCC (JSC) on 17.03.2025, 10-58 (Moscow time), the values of the lower limit of the price corridor (up to 103.04) and the range of market risk assessment (up to 1085.44 rubles, equivalent to a rate of 6.25%) of the security RU000A0JT403 (VEB.RF 18) were changed.

    Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

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    MIL OSI Russia News

  • MIL-OSI Russia: Financial news: 03/17/2025, 11-04 (Moscow time) the values of the upper limit of the price corridor and the range of market risk assessment for the security RU000A0ZYF38 (DOM.RF B-7) were changed.

    Translartion. Region: Russians Fedetion –

    Source: Moscow Exchange – Moscow Exchange –

    03/17/2025

    11:04

    In accordance with the Methodology for determining the risk parameters of the stock market and deposit market of Moscow Exchange PJSC by NCO NCC (JSC), on 17.03.2025, 11-04 (Moscow time), the values of the upper limit of the price corridor (up to 104.76) and the range of market risk assessment (up to 1104.4 rubles, equivalent to a rate of 7.5%) of the security RU000A0ZYF38 (DOM.RF B-7) were changed.

    Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

    Please Note; This Information is Raw Content Directly from the Information Source. It is access to What the Source Is Stating and Does Not Reflect

    HTTPS: //VVV. MEEX.K.M.M.

    MIL OSI Russia News

  • MIL-OSI Russia: Financial news: 03/17/2025, 11:05 (Moscow time) the values of the lower limit of the price corridor and the range of market risk assessment for the security RU000A0JT403 (VEB.RF 18) were changed.

    Translartion. Region: Russians Fedetion –

    Source: Moscow Exchange – Moscow Exchange –

    03/17/2025

    11:05

    In accordance with the Methodology for determining the risk parameters of the stock market and deposit market of Moscow Exchange PJSC by NCO NCC (JSC) on 17.03.2025, 11-05 (Moscow time), the values of the lower limit of the price corridor (up to 101.7) and the range of market risk assessment (up to 1070.97 rubles, equivalent to a rate of 7.5%) of the security RU000A0JT403 (VEB.RF 18) were changed.

    Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

    Please Note; This Information is Raw Content Directly from the Information Source. It is access to What the Source Is Stating and Does Not Reflect

    HTTPS: //VVV. MEEX.K.M.M.

    MIL OSI Russia News

  • MIL-OSI Europe: Answer to a written question – Recognition of nuclear-derived hydrogen as ‘low carbon’ – E-002277/2024(ASW)

    Source: European Parliament

    The Commission published on 27 September 2024 for feedback a draft delegated act[1] setting out the methodology for determining the greenhouse gas emissions savings of low-carbon fuels.

    The consultation closed on 25 October 2024. As required under Article 9(5) of the Hydrogen and Gas Market Directive[2], the draft is consistent with the methodology agreed for determining the greenhouse gas emissions savings of renewable hydrogen and recycled carbon fuels[3], including the same pathway that considers the emission intensity of electricity based on the annual electricity mix.

    The pathway for sourcing fully renewable electricity is specifically required by the Renewable Energy Directive[4] while no dedicated pathway for sourcing nuclear power is set out under the Gas Market Directive[5].

    Nevertheless, the Commission intends to explore also these pathways in the context of a future review of the draft delegated act at the latest by July 2028.

    The Commission will take into account the feedback received and adopt the final text of the delegated act before submitting it to the European Parliament and the Council, which will have two months to examine the proposals and to accept or reject them.

    • [1] https://ec.europa.eu/info/law/better-regulation/have-your-say/initiatives/14303-Methodology-to-determine-the-greenhouse-gas-GHG-emission-savings-of-low-carbon-fuels_en
    • [2] Directive (EU) 2024/1788.
    • [3] Commission Delegated Regulation (EU) 2023/1185 of 10 February 2023 supplementing Directive (EU) 2018/2001 of the European Parliament and of the Council by establishing a minimum threshold for greenhouse gas emissions savings of recycled carbon fuels and by specifying a methodology for assessing greenhouse gas emissions savings from renewable liquid and gaseous transport fuels of non-biological origin and from recycled carbon fuels. OJ L 157/20, of 20.06.2023.
    • [4] Directive (EU) 2023/2413 of the European Parliament and of the Council of 18 October 2023 amending Directive (EU) 2018/2001, Regulation (EU) 2018/1999 and Directive 98/70/EC as regards the promotion of energy from renewable sources, and repealing Council Directive (EU) 2015/652, OJ L, 2023/2413, 31.10.2023.
    • [5] Directive (EU) 2024/1788 of the European Parliament and of the Council of 13 June 2024 on common rules for the internal markets for renewable gas, natural gas and hydrogen, amending Directive (EU) 2023/1791 and repealing Directive 2009/73/EC (recast), OJ L, 2024/1788, 15.7.2024.
    Last updated: 17 March 2025

    MIL OSI Europe News

  • MIL-OSI: Diversified Achieves Strong Final Year-End 2024 Results, Delivers on Capital Allocation Promises, and Introduces 2025 Combined Company Outlook

    Source: GlobeNewswire (MIL-OSI)

    2024 Achievements Position Diversified on a Meaningful Path Forward as a Stronger and Larger Company

    Executed Approximately $2 Billion of Acquisitions in an Advantageous Pricing Environment

    Third year of Consistent Operating Costs Despite Broader Industry and Inflationary Pressures

    Maverick Integration Anticipated to Provide Meaningful Financial and Operational Benefits to Drive Free Cash Flow Acceleration

    Created a PDP Solution for Upstream Peers to Facilitate Operated Acquisitions with an Undeveloped Inventory Focus

    BIRMINGHAM, Ala., March 17, 2025 (GLOBE NEWSWIRE) — Diversified Energy Company PLC (LSE: DEC; NYSE: DEC) is pleased to announce its operational and final audited results for the year ended December 31, 2024.

    Diversified remains a differentiated key player in acquiring and building a portfolio of assets through value-accretive transactions while simultaneously unlocking hidden value through its unique operational framework, strategic development partnerships, and growing adjacent business segments, including coal mine methane (CMM), energy marketing and well-retirement. By completing over $4.0 billion of acquisitions since its public listing in 2017, Diversified has built a large-scale integration and operating company that remains focused on delivering de-risked, reliable cash flow for its shareholders. With the combination of maturing assets and M&A activity leading to growth-oriented E&P’s recycling capital through divestment, there remains an ample opportunity set for Diversified’s continued growth. Additionally, with most upstream acquisitions today focusing on increasing undeveloped inventory, Diversified provides a creative and actionable solution as the PDP purchasing partner for those E&P’s that only value inventory.

    Only Publicly Traded Champion of the PDP Subsector with Unique Strategic Advantages

    • Large Operational Scale: Multiple geographies in core basins including Western Anadarko (largest producer), Permian, Appalachia, Barnett and Ark-La-Tex with commodity product diversification
    • Vertical Integration: In-house marketing, extensive midstream network, wholly-owned processing infrastructure, and a well retirement business segment
    • Leading Technology Platform: 100% cloud architecture, supporting well level data capture, information for actionable production optimization, and real-time monitoring which mitigates production downtime
    • Beneficial Financing Solution: Demonstrated ability to access numerous capital solutions, including investment grade, low-cost Asset Backed Securities, commercial banking facilities and equity investment partners
    • Flexible Capital Allocation: shareholder returns-focused model prioritizing Free Cash Flow for systematic debt reduction, fixed dividend payments, opportunistic share repurchases, and accretive acquisitions
    • Proven Process to Capture Synergies: established integration playbook and sophisticated corporate infrastructure provides considerable expense savings and unlocks sustainable value

    Delivering Consistent and Reliable Results in 2024        

    • Delivered average net daily production: 791 MMcfepd (132 MBoepd)
      • December exit rate of 864 MMcfepd (144 MBoepd)
    • Year end 2024 reserves of 4.5 Tcfe (747 MMBoe; PV10 of $3.3 billion(b))
    • Total Revenue, inclusive of hedges of $946 million(e), net of $151 million in commodity cash hedge receipts that supplemented Total Revenue of $795 million
    • Operating Cash Flow of $346 million; Net loss of $87 million, inclusive of $141 million tax-effected, non-cash unsettled derivative fair value adjustments
    • Adjusted EBITDA of $472 million(c); Adjusted Free Cash Flow of $211 million(d)
      • 2024 Adjusted EBITDA Margin of 51%(c)
      • 2024 Adjusted Operating Cost per unit of $1.70/Mcfe ($10.22/Boe)

    Achieving Expectations

    • Recommend a final quarterly dividend of $0.29 per share
    • Generated $49 million of cash proceeds through land sales and Coal Mine Methane Revenues
    • Retired over $200 million in debt principal through amortizing debt payments
    • Returned $105 million to shareholders, including $21 million in share buybacks(h)
    • Completed $585 million (gross) in strategic and bolt-on acquisitions during 2024
    • Retired 202 Diversified wells in Appalachia, marking third consecutive year to exceed 200 wells
    • OGMP Gold Standard and MSCI AA Rating for third and second consecutive year, respectively
    • Decreased Scope 1 methane intensity to 0.7 MT CO2e per MMcfe, a 13% reduction from 2023

    Powerful Step Forward

    • Closed transformative $1.3 billion acquisition of Maverick Natural Resources (“Maverick”)
      • Largest Producer in the Western Anadarko Basin (WAB)
      • Entry into the Permian basin
      • Expecting to achieve over $50 million in annual synergies by year-end 2025
    • Closed the accretive bolt-on acquisition of assets from Summit Natural Resources
      • Anticipate over 300% increase in cash flow from CMM environmental credit sales in the next 24 months
    • Developed a unique partnership to create an innovative, reliable, net-zero data center power solution
    • Enhancing free cash flow growth in 2025 by advantageously added natural gas hedges (related to ABS & recent acquisitions) and planning approximately $40 million from the divestiture of undeveloped leasehold during the first half of 2025

    CEO Rusty Hutson, Jr. commented:

    “Our over 1,600 women and men of Diversified remain the driving force behind our strong operational and financial performance in 2024. Whether it’s natural gas to power the technology of the future or the everyday needs of families and businesses across our operating region, Diversified provides the reliable and sustainable energy needed, and we continue to invest in growing our business while expanding our opportunity set of cash flow generation through verticals in a variety of end markets.

    We have built a Company that remains highly focused on long-term value creation through the growth of our platform and our ability to leverage vertical integration and scale to operate a structurally and dependably higher-margin business that delivers de-risked, consistent cash flow. Our focused strategy, disciplined leadership team, sound operating practices, and the strong demand for natural gas provide us with momentum as we begin the year and the confidence to achieve our full-year 2025 expectations while executing against our capital allocation strategy. We are starting the year in a position of strength as a bigger, better business, and there has never been a more exciting time for our Company and the energy industry. We feel privileged to be at the heart of the energy renaissance as the Right Company at the Right Time to help provide essential energy needs.”

    Combined Company 2025 Outlook

    Following the recently completed acquisition of Maverick, Diversified expects to realize significant operational synergies associated with a larger, consolidated position in Oklahoma and the ability to improve the overall cost structure of the Maverick Natural Resources assets while continuing to prioritize returns and Free Cash Flow generation.

    The following outlook incorporates a nine-month contribution from the recently acquired Maverick.

      2025 Guidance
    Total Production (Mmcfe/d) 1,050 to 1,100
    % Liquids ~25%
    % Natural Gas ~75%
    Total Capital Expenditures (millions) $165 to $185
    Adj. EBITDA(millions) $825 to $875
    Adj. Free Cash Flow(millions) ~$420
    Leverage Target 2.0x to 2.5x
    Combined Company Synergies (millions) >$50
    Includes the value of anticipated cash proceeds for 2025 land sales
     

    Posting of 2024 Annual Report and Notice of Annual General Meeting

    Diversified has published to the Company’s website its 2024 Annual Report and Notice of AGM, along with the form of proxy for the AGM. These documents can be viewed or downloaded from Diversified’s website at https://ir.div.energy/financial-info.

    The Company has also provided copies of these documents to the National Storage Mechanism that, in accordance with UK Listing Rule 6.4.1R, will be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.

    Annual General Meeting Arrangements

    The Company’s AGM will be held on April 9, 2025 at 1:00pm BST (8:00am EDT) at the offices of FTI Consulting, 200 Aldersgate, Aldersgate Street, London EC1A 4HD.

    Presentation and Webcast

    DEC will host a conference call today at 12:30 pm GMT (8:30am EDT) to discuss these results. The conference call details are as follows:

    A corporate presentation will be posted to the Company’s website before the conference call. The presentation can be found at https://ir.div.energy/presentations.

    Footnotes:

    (a) Corporate decline rate of ~10% calculated as the change in average daily production for the month of December 2023 (775 MMcfepd), adjusted for the impact of acquisitions and divestitures occurring during the 2024 calendar year, to the average daily production for the month of December 2024.
    (b) Based on the Company’s year-end PDP reserves and using 10-year NYMEX strip, as at December 31, 2024.
    (c) Adjusted EBITDA represents earnings before interest, taxes, depletion, and amortization, and includes adjustments for items that are not comparable period-over-period; As presented, Adjusted EBITDA includes the impact of the accounting basis for land sales; Adjusted EBITDA Margin represents Adjusted EBITDA (excluding the adjustment for the accounting basis on land sales) as a percent of Total Revenue, Inclusive of Settled Hedges; For purposes of comparability, Adjusted EBITDA Margin excludes Other Revenue of $16 million and Lease Operating Expense of $19 million in 2024 associated with Diversified’s wholly owned plugging subsidiary, Next LVL Energy. For more information, please refer to Non-IFRS Measures, below.
    (d) Free Cash Flow represents net cash provided by operating activities less expenditures on natural gas and oil properties and equipment and cash paid for interest; As used herein, Adjusted Free Cash Flow represents Free Cash Flow, plus cash proceeds from undeveloped acreage sales; For more information, please refer to Non-IFRS Measures, below.
    (e) Calculated as total revenue recorded for the period, inclusive of the impact of derivatives settled in cash. For more information, please refer to Non-IFRS Measures, below.
    (f) Calculated as the availability on the Company’s Revolving Credit Facility (“SLL”) and cash on hand (unrestricted)of December 31, 2024; Does not include the impact of Letters of Credit.
    (g) Net Debt-to-Adjusted EBITDA, or “Leverage” or “Leverage Ratio,” is measured as Net Debt divided by Pro Forma Adjusted EBITDA; Pro forma adjusted EBITDA includes adjustments for the year ended December 31, 2024 for the annualized impact of acquisitions completed during the year. Net Debt calculated as of December 31, 2024 and includes total debt as recognized on the balance sheet, less cash and restricted cash; Total debt includes the Company’s borrowings under the Company’s Revolving Credit Facility (“SLL”) and borrowings under or issuances of, as applicable, the Company’s subsidiaries’ securitization facilities. For more information, please refer to Non-IFRS Measures, below.
       

    For Company-specific items, refer also to the Glossary of Terms and/or Alternative Performance Measures found in Diversified’s 2024 Annual Report

    For further information, please contact:  
    Diversified Energy Company PLC +1 973 856 2757
    Doug Kris dkris@dgoc.com
    www.div.energy  
       
    FTI Consulting dec@fticonsulting.com
    U.S. & UK Financial Public Relations  
       

    About Diversified Energy Company PLC

    Diversified is a leading publicly traded energy company focused on natural gas and liquids production, transport, marketing, and well retirement. Through our differentiated strategy, we acquire existing, long-life assets and invest in them to improve environmental and operational performance until retiring those assets in a safe and environmentally secure manner. Recognized by ratings agencies and organizations for our sustainability leadership, this solutions-oriented, stewardship approach makes Diversified the Right Company at the Right Time to responsibly produce energy, deliver reliable free cash flow, and generate shareholder value.

    Important Notices

    This announcement may contain certain forward-looking statements, beliefs or opinions, with respect to the financial condition, results of operations and business of the Company, and its wholly owned subsidiaries (“the Group”) following the Maverick Acquisition. These statements, which contain the words “anticipate”, “believe”, “intend”, “estimate”, “expect”, “may”, “will”, “seek”, “continue”, “aim”, “target”, “projected”, “plan”, “goal”, “achieve”, “outlook” and words of similar meaning, reflect the Company’s beliefs and expectations and are based on numerous assumptions regarding the Company’s present and future business strategies and the environment the Company and the Group will operate in and are subject to risks and uncertainties that may cause actual results to differ materially. No representation is made that any of these statements or forecasts will come to pass or that any forecast results will be achieved. Forward-looking statements involve inherent known and unknown risks, uncertainties and contingencies because they relate to events and depend on circumstances that may or may not occur in the future and may cause the actual results, performance or achievements of the Company or the Group to be materially different from those expressed or implied by such forward looking statements. Many of these risks and uncertainties relate to factors that are beyond the Company’s or the Group’s ability to control or estimate precisely, such as future market conditions, currency fluctuations, the behaviour of other market participants, the actions of regulators and other factors such as the Company’s or the Group’s ability to continue to obtain financing to meet its liquidity needs, changes in the political, social and regulatory framework in which the Company or the Group operate or in economic or technological trends or conditions, and the Company’s or Group’s ability to realize expected benefits of the Maverick acquisition. Past performance of the Company cannot be relied on as a guide to future performance. As a result, you are cautioned not to place undue reliance on such forward-looking statements. The list above is not exhaustive and there are other factors that may cause the Company’s or the Group’s actual results to differ materially from the forward-looking statements contained in this announcement, including the risk factors described in the “Risk Factors” section in the Company’s Annual Report and Form 20-F for the year ended December 31, 2024, filed with the United States Securities and Exchange Commission.

    Forward-looking statements speak only as of their date and neither the Company, nor the Group nor any of its respective directors, officers, employees, agents, affiliates or advisers expressly disclaim any obligation to supplement, amend, update or revise any of the forward-looking statements made herein, except where it would be required to do so under applicable law. In light of these risks, uncertainties and assumptions, the events described in the forward-looking statements in this announcement may not occur. No statement in this announcement is intended as a profit forecast or a profit estimate and no statement in this announcement should be interpreted to mean that the financial performance of the Company for the current or future financial years would necessarily match or exceed the historical published for the Company.

    The contents of this announcement are not to be construed as legal, business or tax advice. Each shareholder should consult its own legal adviser, financial adviser or tax adviser for legal, financial or tax advice respectively.

    Percentages in tables have been rounded and accordingly may not add up to 100 per cent. Certain financial data have also been rounded. As a result of this rounding, the totals of data presented in this announcement may vary slightly from the actual arithmetic totals of such data.

    Use of Non-IFRS Measures

    Certain key operating metrics that are not defined under IFRS (alternative performance measures) are included in this announcement. These non-IFRS measures are used by us to monitor the underlying business performance of the Company from period to period and to facilitate comparison with our peers. Since not all companies calculate these or other non-IFRS metrics in the same way, the manner in which we have chosen to calculate the non-IFRS metrics presented herein may not be compatible with similarly defined terms used by other companies. The non-IFRS metrics should not be considered in isolation of, or viewed as substitutes for, the financial information prepared in accordance with IFRS. Certain of the key operating metrics are based on information derived from our regularly maintained records and accounting and operating systems.

    Non-IFRS Disclosures

    Adjusted EBITDA

    As used herein, EBITDA represents earnings before interest, taxes, depletion, depreciation, and amortization. Adjusted EBITDA further adjusts for items that are not comparable period-over-period, including accretion of asset retirement obligations, other (income) expense, loss on joint and working interest owners receivable, (gain) loss on bargain purchases, (gain) loss on fair value adjustments of unsettled financial instruments, (gain) loss on natural gas and oil property and equipment, costs associated with acquisitions, other adjusting costs, non-cash equity compensation, (gain) loss on foreign currency hedge, net (gain) loss on interest rate swaps and other similar items.

    Adjusted EBITDA should not be considered in isolation or as a substitute for operating profit (loss), net income (loss), or cash flows provided by (used in) operating, investing, and financing activities. However, we believe this measure is useful to investors in evaluating our financial performance because it (1) is widely used by investors in the natural gas and oil industry as an indicator of underlying business performance; (2) helps investors more meaningfully evaluate and compare the results of our operations from period to period by removing the often-volatile revenue impact of changes in the fair value of derivative instruments prior to settlement; (3) is used in the calculation of a key metric in one of our Credit Facility financial covenants; and (4) is used by us as a performance measure in determining executive compensation. When evaluating this measure, we believe investors also commonly find it useful to assess this metric as a percentage of our total revenue, inclusive of settled hedges, which we refer to as adjusted EBITDA margin.

      Year Ended
      December 31,
    2024
    December 31,
    2023
    December 31,
    2022
    Net income (loss) $ (87,001 ) $ 759,701   $ (620,598 )
    Finance costs   137,643     134,166     100,799  
    Accretion of asset retirement obligations   30,868     26,926     27,569  
    Other (income) expense(a)   (1,257 )   (385 )   (269 )
    Income tax (benefit) expense   (136,951 )   240,643     (178,904 )
    Depreciation, depletion and amortization   256,484     224,546     222,257  
    (Gain) loss on bargain purchases           (4,447 )
    (Gain) loss on fair value adjustments of unsettled financial instruments   189,030     (905,695 )   861,457  
    (Gain) loss on natural gas and oil properties and equipment(b)   15,308     4,014     93  
    (Gain) loss on sale of equity interest   7,375     (18,440 )    
    Unrealized (gain) loss on investment   4,013     (4,610 )    
    Impairment of proved properties(c)       41,616      
    Costs associated with acquisitions   11,573     16,775     15,545  
    Other adjusting costs(d)   22,375     17,794     69,967  
    Loss on early retirement of debt   14,753          
    Non-cash equity compensation   8,286     6,494     8,051  
    (Gain) loss on foreign currency hedge       521      
    (Gain) loss on interest rate swap   (190 )   2,722     1,434  
    Total adjustments $ 559,310   $ (212,913 ) $ 1,123,552  
    Adjusted EBITDA $ 472,309   $ 546,788   $ 502,954  
    Pro forma adjusted EBITDA(e) $ 548,570   $ 553,252   $ 574,414  
    1. Excludes $1 million in dividend distributions received for our investment in DP Lion Equity Holdco during the year ended December 31, 2024.
    2. Excludes $27 million, $24 million and $2 million in cash proceeds received for leasehold sales during the years ended December 31, 2024, 2023 and 2022, respectively, less $14 million and $4 million of basis in leasehold sales for the years ended December 31, 2024 and 2023, respectively.
    3. For the year ended December 31, 2023, the Group determined the carrying amounts of certain proved properties within two fields were not recoverable from future cash flows, and therefore, were impaired.
    4. Other adjusting costs for the year ended December 31, 2024, were primarily associated with legal and professional fees related to the U.S. listing, legal fees for certain litigation, and expenses associated with unused firm transportation agreements. For the year ended December 31, 2023, these costs were primarily related to legal and professional fees for the U.S. listing, legal fees for certain litigation, and expenses for unused firm transportation agreements. For the year ended December 31, 2022, these costs mainly included $28 million in contract terminations, which enabled the Group to secure more favorable future pricing, and $31 million in deal breakage and/or sourcing costs for acquisitions.
    5. Includes adjustments for the year ended December 31, 2024 for the Oaktree, Crescent Pass, and East Texas II acquisitions to pro forma their results for the full twelve months of operations. Similar adjustments were made for the year ended December 31, 2023 for the Tanos II Acquisition, as well as for the year ended December 31, 2022 for the East Texas I and ConocoPhillips acquisitions.

    Total Revenue, Inclusive of Hedges and Adjusted EBITDA Margin

    As used herein, total revenue, inclusive of settled hedges, accounts for the impact of derivatives settled in cash. We believe that total revenue, inclusive of settled hedges, is a useful measure because it enables investors to discern our realized revenue after adjusting for the settlement of derivative contracts.

    As used herein, adjusted EBITDA margin is calculated as adjusted EBITDA expressed as a percentage of total revenue, inclusive of settled hedges. Adjusted EBITDA margin encompasses the direct operating costs and the portion of general and administrative costs required to produce each Mcfe. This metric includes operating expense, employee costs, administrative costs and professional services, and recurring allowance for credit losses, which cover both fixed and variable costs components. We believe that adjusted EBITDA margin is a useful measure of our profitability and efficiency, as well as our earnings quality, because it evaluates the Group on a more comparable basis period-over-period, especially given our frequent involvement in transactions that are not comparable between periods.

      Year Ended
      December 31,
    2024
    December 31,
    2023
    December 31,
    2022
    Total revenue $ 794,841   $ 868,263   $ 1,919,349  
    Net gain (loss) on commodity derivative instruments(a)   151,289     178,064     (895,802 )
    Total revenue, inclusive of settled hedges $ 946,130   $ 1,046,327   $ 1,023,547  
    Adjusted EBITDA $ 472,309   $ 546,788   $ 502,954  
    Adjusted EBITDA margin   50 %   52 %   49 %
    Adjusted EBITDA margin, excluding Next LVL Energy   51 %   53 %   50 %
    1. Net gain (loss) on commodity derivative settlements represents the cash paid or received on commodity derivative contracts. This excludes settlements on foreign currency and interest rate derivatives, as well as the gain (loss) on fair value adjustments for unsettled financial instruments for each of the periods presented.

    Free Cash Flow

    As used herein, free cash flow represents net cash provided by operating activities, less expenditures on natural gas and oil properties and equipment, and cash paid for interest. We believe that free cash flow is a useful indicator of our ability to generate cash that is available for activities beyond capital expenditures. The Directors believe that free cash flow provides investors with an important perspective on the cash available to service debt obligations, make strategic acquisitions and investments, and pay dividends.

      Year Ended
      December 31,
    2024
    December 31,
    2023
    December 31,
    2022
    Net cash provided by operating activities $ 345,663   $ 410,132   $ 387,764  
    LESS: Expenditures on natural gas and oil properties and equipment   (52,100 )   (74,252 )   (86,079 )
    LESS: Cash paid for interest   (123,141 )   (116,784 )   (83,958 )
    Free cash flow $ 170,422   $ 219,096   $ 217,727  
    Cash generated through divestitures of land $ 40,986   $ 28,160   $ 2,472  
    Adjusted free cash flow $ 211,408   $ 247,256   $ 220,199  


    Net Debt and Net Debt-to-Adjusted EBITDA (“Leverage”)

    As used herein, net debt represents total debt as recognized on the balance sheet, minus cash and restricted cash. Total debt includes borrowings under our Credit Facility and borrowings under, or issuances of, our subsidiaries’ securitization facilities. We believe net debt is a useful indicator of our leverage and capital structure.

    As used herein, net debt-to-adjusted EBITDA, also referred to as “leverage” or the “leverage ratio,” is calculated by dividing net debt by adjusted EBITDA. We believe this metric is a crucial measure of our financial liquidity and flexibility, and it is also used in the calculation of a key metric in one of our Credit Facility financial covenants.

      As of
      December 31,
    2024
    December 31,
    2023
    December 31,
    2022
    Total debt(a) $ 1,693,242   $ 1,276,627   $ 1,440,329  
    LESS: Cash   5,990     3,753     7,329  
    LESS: Restricted cash(b)   46,269     36,252     55,388  
    Net debt $ 1,640,983   $ 1,236,622   $ 1,377,612  
           
    Adjusted EBITDA $ 472,309,000   $ 546,788,000   $ 502,954,000  
    Pro forma adjusted EBITDA(c) $ 548,570   $ 553,252   $ 574,414  
    Net debt-to-pro forma adjusted EBITDA(d) 2.9x
      2.2x
      2.4x
     
    1. Includes adjustments for deferred financing costs and original issue discounts, consistent with presentation on the Statement of Financial Position.
    2. The increase of restricted cash as of December 31, 2024, is due to the addition of $21 million and $3 million in restricted cash for the ABS VIII Notes and ABS IX Notes, respectively, offset by $7 million and $9 million for the retirement of the ABS III Notes and ABS V Notes, respectively.
    3. Includes adjustments for the year ended December 31, 2024 for the Oaktree, Crescent Pass, and East Texas II acquisitions to pro forma their results for the full twelve months of operations. Similar adjustments were made for the year ended December 31, 2023 for the Tanos II Acquisition, as well as for the year ended December 31, 2022 for the East Texas I and ConocoPhillips acquisitions.
    4. Excludes long-term plant financing of $30 million for the year ended December 31, 2024.

    The MIL Network

  • MIL-OSI: SAIC Announces Fourth Quarter and Full Fiscal Year 2025 Results

    Source: GlobeNewswire (MIL-OSI)

    • Q4 FY25 revenues of $1.84 billion, 5.8% organic growth(1); FY25 revenues of $7.48 billion, 3.1% organic growth(1); organic growth adjusted for divestitures
    • Q4 FY25 net income of $98 million, adjusted EBITDA(1) of $177 million or 9.6% of revenue; FY25 net income of $362 million, adjusted EBITDA(1) of $710 million or 9.5% of revenue
    • Q4 FY25 diluted earnings per share of $2.00, adjusted diluted earnings per share(1) of $2.57; FY25 diluted earnings per share of $7.17, adjusted diluted earnings per share(1) of $9.13
    • Q4 FY25 cash flows provided by operating activities of $115 million, free cash flow(1) and transaction-adjusted free cash flow(1) of $236 million; FY25 cash flows provided by operating activities of $494 million, free cash flow(1) of $499 million, transaction-adjusted free cash flow(1) of $507 million
    • Q4 FY25 net bookings of $1.3 billion; book-to-bill ratio of 0.7; trailing twelve months book-to-bill ratio of 0.9
    • FY26 guidance introduced above prior targets for revenues, adjusted EBITDA(1), adjusted EBITDA margin(1), and adjusted diluted EPS(1)

    RESTON, Va., March 17, 2025 (GLOBE NEWSWIRE) — Science Applications International Corporation (NASDAQ: SAIC), a premier Fortune 500® technology integrator driving our nation’s digital transformation across the defense, space, civilian, and intelligence markets, today announced results for the fourth quarter and full fiscal year ended January 31, 2025.

    “I am proud of the results we delivered in the quarter with revenue, adjusted EBITDA, adjusted earnings per share, and free cash flow ahead of guidance,” said Toni Townes-Whitley, SAIC Chief Executive Officer. “Subsequent to quarter close, we received a $1.8 billion award for our largest recompete win in recent years, the System Software Lifecycle Engineering program. This important win along with a backlog of submitted bids valued at approximately $20 billion reflect the momentum we are building inside the company. I want to thank the team for a strong finish to the year and for their commitment and dedication to our customers’ mission during these uncertain times.”

    Fourth Quarter and Full Fiscal Year 2025: Summary Operating Results

      Three Months Ended   Year Ended
      January 31,
    2025

        Percent
    change
        February 2,
    2024
        January 31,
    2025

        Percent
    change
        February 2,
    2024
     
      (in millions, except per share amounts)
    Revenues $ 1,838     %   $ 1,737     $ 7,479     —  %   $ 7,444  
    Operating income   138     75  %     79       563     (24 )%     741  
    Operating income as a percentage of revenues   7.5 %   300 bps     4.5 %     7.5 %   -250 bps     10.0 %
    Adjusted operating income(1)   176     42  %     124       705     %     659  
    Adjusted operating income as a percentage of revenues   9.6 %   250 bps     7.1 %     9.4 %   50 bps     8.9 %
    Net income   98     151  %     39       362     (24 )%     477  
    EBITDA(1)   175     48  %     118       708     (21 )%     891  
    EBITDA as a percentage of revenues   9.5 %   270 bps     6.8 %     9.5 %   -250 bps     12.0 %
    Adjusted EBITDA(1)   177     39  %     127       710     %     668  
    Adjusted EBITDA as a percentage of revenues   9.6 %   230 bps     7.3 %     9.5 %   50 bps     9.0 %
    Diluted earnings per share $ 2.00     170  %   $ 0.74     $ 7.17     (19 )%   $ 8.88  
    Adjusted diluted earnings per share(1) $ 2.57     80  %   $ 1.43     $ 9.13     16  %   $ 7.88  
    Net cash provided by operating activities $ 115     83  %   $ 63     $ 494     25  %   $ 396  
    Free cash flow(1) $ 236     143  %   $ 97     $ 499     21  %   $ 414  
    Transaction-adjusted free cash flow(1) $ 236     98  %   $ 119     $ 507     %   $ 486  

    (1) Non-GAAP measure, see Schedule 6 for information about this measure.

    The Company utilizes a 52/53 week fiscal year ending on the Friday closest to January 31, with fiscal quarters typically consisting of 13 weeks. Fiscal years 2025 and 2024 both consisted of 52 weeks.

    Fourth Quarter Summary Results

    Revenues for the quarter increased $101 million compared to the prior year quarter primarily due to ramp up in volume on new and existing contracts, partially offset by contract completions.

    Operating income as a percentage of revenues increased to 7.5% for the quarter as compared to 4.5% in the comparable prior year period primarily due to improved profitability across our contract portfolio, lower incentive-based compensation expense, and lower stock-based compensation related to the restructuring and executive transition.

    Adjusted EBITDA(1) as a percentage of revenues for the quarter was 9.6%, compared to 7.3% for the prior year quarter primarily due to improved profitability across our contract portfolio, lower incentive-based compensation expense, and lower stock-based compensation related to the restructuring and executive transition.

    Diluted earnings per share for the quarter was $2.00 compared to $0.74 in the prior year quarter. Adjusted diluted earnings per share(1) was $2.57 for the quarter compared to $1.43 in the prior year quarter. The weighted-average diluted shares outstanding during the quarter decreased to 49.0 million shares from 52.7 million during the prior year quarter.

    (1) Non-GAAP measure, see Schedule 6 for information about this measure.

    Fiscal Year 2025 Summary Results

    Revenues for the fiscal year increased $35 million compared to the prior year primarily due to ramp up in volume in existing and new contracts. This was partially offset by the sale of the Supply Chain Business ($188 million) in the prior year, and contract completions. Adjusting for the impact of the divestiture, revenues grew approximately 3.1%.

    Operating income as a percentage of revenues for the fiscal year decreased compared to the prior year primarily due to a $233 million gain recognized from the sale of the Supply Chain Business and a $7 million gain recognized from the deconsolidation of FSA in the prior year. This was partially offset by improved profitability across our contract portfolio, the resolution of the Assault Amphibious Vehicle (“AAV”) contract termination, lower incentive-based compensation expense, and lower stock-based compensation related to the restructuring and executive transition.

    Adjusted EBITDA(1) as a percentage of revenues for the fiscal year increased compared to the prior year. The increase was driven by improved profitability across our contract portfolio, the resolution of the AAV contract termination, lower incentive-based compensation expense, and lower stock-based compensation related to the restructuring and executive transition.

    Diluted earnings per share for the year was $7.17 compared to $8.88 in the prior year. Adjusted diluted earnings per share(1) was $9.13 for the year compared to $7.88 in the prior year. The weighted-average diluted shares outstanding during the year decreased to 50.5 million shares from 53.7 million shares during the prior year.

    (1) Non-GAAP measure, see Schedule 6 for information about this measure.

    Cash Generation and Capital Deployment

    Total cash flows provided by operating activities for the fourth quarter were $115 million, an increase of $52 million compared to the prior year quarter, primarily due to lower tax payments in the current quarter, timing of vendor payments, and other changes in working capital, partially offset by higher cash outflows from the usage of the Master Accounts Receivable Purchase Agreement (“MARPA Facility”) with MUFG bank, LTD.

    Total cash flows provided by operating activities for the year were $494 million, an increase of $98 million from the prior year, primarily due to higher tax payments in fiscal 2024 from the sale of the Supply Chain Business and other changes in working capital, partially offset by higher incentive-based compensation payments in the current year.

    During the quarter, SAIC deployed $163 million of capital, consisting of $130 million of share repurchases in accordance with established repurchase plans, $18 million in cash dividends to shareholders, and $15 million of capital expenditures. For the year, SAIC deployed $638 million of capital, consisting of share repurchases of $527 million (approximately 4.2 million shares) in accordance with established repurchase plans, cash dividends of $75 million to shareholders, and $36 million of capital expenditures.

    Quarterly Dividend Declared

    As previously announced, subsequent to fiscal year-end, the Company’s Board of Directors (“Board of Directors”) declared a cash dividend of $0.37 per share of the Company’s common stock payable on April 25, 2025 to stockholders of record on April 11, 2025. SAIC intends to continue paying dividends on a quarterly basis, although the declaration of any future dividends will be determined by the Board of Directors each quarter and will depend on earnings, financial condition, capital requirements and other factors.

    Backlog and Contract Awards

    Net bookings for the quarter were approximately $1.3 billion, which reflects a book-to-bill ratio of approximately 0.7. Net bookings for the year were approximately $6.6 billion, which reflects a book-to-bill ratio of approximately 0.9.

    SAIC’s estimated backlog at the end of fiscal year 2025 was approximately $21.9 billion of which $3.4 billion was funded.

    SAIC was awarded the following contracts during the quarter:

    Notable New Awards:

    Department of Defense: During the quarter, SAIC was awarded the Defense Readiness Reporting System (“DRRS”) Sustainment task order under the recently awarded Personnel and Readiness Infrastructure Support Management (“PRISM”) Multiple Award Task Order Contract (“MATOC”) vehicle to support the Department of Defense (“DoD”) and its need to obtain critical services in a shorter time frame. The $187 million task order has a 3-year period of performance (one-year base, plus two, one-year options), tasking SAIC with modernizing DRRS to create a predictive, proactive readiness management tool for the DoD.

    Notable Recompete Awards:

    U.S. Space and Intelligence Community: During the quarter, SAIC was awarded approximately $480 million of contract awards by space and intelligence organizations. These awards represent a combination of new business and recompetes.

    Notable Awards Subsequent to Period End (not included in current quarter bookings):

    U.S. Army Combat Capabilities Development Command (CCDC) Aviation and Missile Center (AvMC): Subsequent to the end of the quarter, SAIC was awarded the System Software Lifecycle Engineering contract, a five-year (one year base, plus four, one-year option periods) $1.8 billion contract to continue mission engineering, integration, software development, and other life cycle support to CCDC-AvMC. Under the five-year award, SAIC will continue to develop and integrate advanced technologies throughout the software life cycle, including software development and maintenance.

    Fiscal Year 2026 Guidance

    The Company’s outlook for fiscal year 2026 is being provided. The table below summarizes fiscal year 2026 guidance and represents our views as of March 17, 2025. 

      CURRENT Fiscal Year PRIOR Fiscal Year
      2026 Guidance 2026 Targets
    Revenue $7.60B – $7.75B $7.55B – $7.75B
    Adjusted EBITDA(1) $715M – $735M ~$720M
    Adjusted EBITDA Margin %(1) 9.4% – 9.6% 9.3% – 9.5%
    Adjusted Diluted EPS(1) $9.10 – $9.30 $8.90 – $9.10
    Free Cash Flow(1) $510M – $530M $510M – $530M

    (1) Non-GAAP measure, see Schedule 6 for information about this measure.

    Webcast Information

    SAIC management will discuss operations and financial results in an earnings conference call beginning at 10 a.m. Eastern time on March 17, 2025. The conference call will be webcast simultaneously to the public through a link on the Investor Relations section of the SAIC website (investors.saic.com). We will be providing webcast access only – “dial-in” access is no longer available. Additionally, a supplemental presentation will be available to the public through links to the Investor Relations section of the SAIC website. After the call concludes, an on-demand audio replay of the webcast can be accessed on the Investor Relations website.

    About SAIC

    SAIC is a premier Fortune 500® technology integrator focused on advancing the power of technology and innovation to serve and protect our world. Our robust portfolio of offerings across the defense, space, civilian and intelligence markets includes secure high-end solutions in mission IT, enterprise IT, engineering services and professional services. We integrate emerging technology, rapidly and securely, into mission critical operations that modernize and enable critical national imperatives.

    We are approximately 24,000 strong; driven by mission, united by purpose, and inspired by opportunities. Headquartered in Reston, Virginia, SAIC has annual revenues of approximately $7.5 billion.​​​​ For more information, visit saic.com. For ongoing news, please visit our newsroom.

    Contacts

    Investor Relations: Joe DeNardi, joseph.w.denardi@saic.com 

    Media: Kara Ross, kara.g.ross@saic.com 

    GAAP to Non-GAAP Guidance Reconciliation

    The Company does not provide a reconciliation of forward-looking adjusted diluted EPS to GAAP diluted EPS or adjusted EBITDA margin to GAAP net income due to the inherent difficulty in forecasting and quantifying certain amounts that are necessary for such reconciliation. Because certain deductions for non-GAAP exclusions used to calculate net income may vary significantly based on actual events, the Company is not able to forecast GAAP diluted EPS or GAAP net income with reasonable certainty. The variability of the above charges may have an unpredictable and potentially significant impact on our future GAAP financial results.

    Forward-Looking Statements

    Certain statements in this release contain or are based on “forward-looking” information within the meaning of the Private Securities Litigation Reform Act of 1995. In some cases, you can identify forward-looking statements by words such as “expects,” “intends,” “plans,” “anticipates,” “believes,” “estimates,” “guidance,” and similar words or phrases. Forward-looking statements in this release may include, among others, estimates of future revenues, operating income, earnings, earnings per share, charges, total contract value, backlog, outstanding shares and cash flows, as well as statements about future dividends, share repurchases and other capital deployment plans. Such statements are not guarantees of future performance and involve risk, uncertainties and assumptions, and actual results may differ materially from the guidance and other forward-looking statements made in this release as a result of various factors. Risks, uncertainties and assumptions that could cause or contribute to these material differences include those discussed in the “Risk Factors,” “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and “Legal Proceedings” sections of our Annual Report on Form 10-K, as updated in any subsequent Quarterly Reports on Form 10-Q and other filings with the SEC, which may be viewed or obtained through the Investor Relations section of our website at saic.com or on the SEC’s website at sec.gov. Due to such risks, uncertainties and assumptions you are cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date hereof. SAIC expressly disclaims any duty to update any forward-looking statement provided in this release to reflect subsequent events, actual results or changes in SAIC’s expectations. SAIC also disclaims any duty to comment upon or correct information that may be contained in reports published by investment analysts or others.

    Schedule 1:

    SCIENCE APPLICATIONS INTERNATIONAL CORPORATION
    CONDENSED AND CONSOLIDATED STATEMENTS OF INCOME
    (Unaudited)
     
      Three Months Ended   Year Ended
      January 31,
    2025

        February 2,
    2024
        January 31,
    2025

        February 2,
    2024
     
      (in millions, except per share amounts)
    Revenues $       1,838     $ 1,737     $       7,479     $ 7,444  
    Cost of revenues           1,606       1,545               6,587       6,572  
    Selling, general and administrative expenses               94       114                 339       373  
    (Gain) loss on divestitures, net of transaction costs                —                          —       (240 )
    Other operating (income) expense                —       (1 )                (10 )     (2 )
    Operating income             138       79                 563       741  
    Interest expense, net               29       32                 126       120  
    Other (income) expense, net                 2       (1 )                   9       1  
    Income before income taxes             107       48                 428       620  
    Provision for income taxes                (9 )     (9 )                (66 )     (143 )
    Net income $           98     $ 39     $          362     $ 477  
                   
    Weighted-average number of shares outstanding:              
    Basic            48.6       52.0                50.1       53.1  
    Diluted            49.0       52.7                50.5       53.7  
    Earnings per share:              
    Basic $         2.02     $ 0.75     $         7.23     $ 8.98  
    Diluted $         2.00     $ 0.74     $         7.17     $ 8.88  

    Schedule 2:

    SCIENCE APPLICATIONS INTERNATIONAL CORPORATION
    CONDENSED AND CONSOLIDATED BALANCE SHEETS
    (Unaudited)
      January 31,
    2025

      February 2,
    2024
      (in millions)
    ASSETS      
    Current assets:      
    Cash and cash equivalents $              56   $ 94
    Receivables, net             1,000     914
    Prepaid expenses and other current assets                 98     123
    Total current assets             1,154     1,131
    Goodwill             2,851     2,851
    Intangible assets, net                779     894
    Property, plant, and equipment, net                104     91
    Operating lease right of use assets                164     152
    Other assets                194     195
    Total assets $         5,246   $ 5,314
           
    LIABILITIES AND EQUITY      
    Current liabilities:      
    Accounts payable and accrued liabilities $            744   $ 711
    Accrued payroll and employee benefits                339     370
    Debt, current portion                313     77
    Total current liabilities             1,396     1,158
    Debt, net of current portion             1,907     2,022
    Operating lease liabilities                173     147
    Deferred income taxes                 24     28
    Other long-term liabilities                169     174
    Equity:      
    Total stockholders’ equity             1,577     1,785
    Total liabilities and stockholders’ equity $         5,246   $ 5,314

    Schedule 3:

    SCIENCE APPLICATIONS INTERNATIONAL CORPORATION
    CONDENSED AND CONSOLIDATED STATEMENTS OF CASH FLOWS
    (Unaudited)
     
      Three Months Ended   Year Ended
      January 31,
    2025

        February 2,
    2024
        January 31,
    2025

        February 2,
    2024
     
      (in millions)
    Cash flows from operating activities:              
    Net income $            98     $ 39     $          362     $ 477  
    Adjustments to reconcile net income to net cash provided by operating activities:              
    Depreciation and amortization               36       36                  140       142  
    Deferred income taxes               12       16                    (3 )     (17 )
    Stock-based compensation expense               15       26                   53       68  
    Gain on divestitures                —                          —       (247 )
    Other                 2       (2 )                  (7 )     (6 )
    Increase (decrease) resulting from changes in operating assets and liabilities, net of the effect of the acquisitions and divestitures:              
    Receivables               22       96                  (86 )     (46 )
    Prepaid expenses and other current assets                (7 )     (56 )                 24       (43 )
    Other assets                (9 )     (19 )                   1       (14 )
    Accounts payable and accrued liabilities              (71 )     (128 )                 48       13  
    Accrued payroll and employee benefits               28       53                  (31 )     49  
    Operating lease assets and liabilities, net                 1       (1 )                  (6 )     (4 )
    Other long-term liabilities              (12 )     3                    (1 )     24  
    Net cash provided by operating activities   115       63                  494       396  
    Cash flows from investing activities:              
    Expenditures for property, plant, and equipment              (15 )     (11 )                (36 )     (27 )
    Purchases of marketable securities                (3 )     (2 )                (14 )     (8 )
    Sales of marketable securities                 2       1                   12       6  
    Proceeds from sale of equity method investments                —                         10        
    Proceeds from divestitures                —                          —       356  
    Cash divested upon deconsolidation of joint venture                —                          —       (8 )
    Other                (4 )     2                    (7 )     (5 )
    Net cash (used in) provided by investing activities              (20 )     (10 )                (35 )     314  
    Cash flows from financing activities:              
    Principal payments on borrowings            (325 )     (166 )           (1,381 )     (441 )
    Proceeds from borrowings              385                     1,499       160  
    Stock repurchased and retired or withheld for taxes on equity awards            (133 )     (89 )              (558 )     (382 )
    Dividend payments to stockholders              (18 )     (19 )                (75 )     (79 )
    Issuances of stock                 6       4                   20       17  
    Other                —                          (3 )      
    Net cash used in financing activities              (85 )     (270 )              (498 )     (725 )
    Net increase (decrease) in cash, cash equivalents and restricted cash               10       (217 )                (39 )     (15 )
    Cash, cash equivalents and restricted cash at beginning of period               54       320                  103       118  
    Cash, cash equivalents and restricted cash at end of period $            64     $ 103     $            64     $ 103  

    Schedule 4:

    SCIENCE APPLICATIONS INTERNATIONAL CORPORATION
    SEGMENT OPERATING RESULTS
    (Unaudited)
     
      Three Months Ended   Year Ended
      January 31,
    2025
        February 2,
    2024
        January 31,
    2025
        February 2,
    2024
     
      (in millions)
    Revenues              
    Defense and Intelligence $ 1,360     $ 1,352     $ 5,726     $ 5,817  
    Civilian   478       385       1,753       1,627  
    Total revenues $ 1,838     $ 1,737     $ 7,479     $ 7,444  
                   
    Operating income (loss)              
    Defense and Intelligence $ 96     $ 100     $ 440     $ 436  
    Civilian   63       19       168       158  
    Corporate   (21 )     (40 )     (45 )     147  
    Total operating income $ 138     $ 79     $ 563     $ 741  
                   
    Operating margin              
    Defense and Intelligence   7.1 %     7.4 %     7.7 %     7.5 %
    Civilian   13.2 %     4.9 %     9.6 %     9.7 %
    Total operating margin   7.5 %     4.5 %     7.5 %     10.0 %
                   
    Adjusted operating income (loss)(1)              
    Defense and Intelligence $ 113     $ 117     $ 509     $ 504  
    Civilian   75       31       216       206  
    Corporate   (12 )     (24 )     (20 )     (51 )
    Total adjusted operating income(1) $ 176     $ 124     $ 705     $ 659  
                   
    Adjusted operating margin(1)              
    Defense and Intelligence   8.3 %     8.7 %     8.9 %     8.7 %
    Civilian   15.7 %     8.1 %     12.3 %     12.7 %
    Total adjusted operating margin(1)   9.6 %     7.1 %     9.4 %     8.9 %


    Defense and Intelligence Results

    Revenues in the fourth quarter increased $8 million or 0.6% compared to the same period in the prior year primarily due to ramp up in volume on existing and new contracts, partially offset by contract completions.

    Revenues in the fiscal year decreased $91 million or 2% compared to the prior year primarily due to the sale of the Supply Chain Business ($188 million) in the prior year, and contract completions. This was partially offset by ramp up in volume on existing and new contracts. Adjusting for the impact of the divestiture, revenues grew 1.7%.

    Operating income and adjusted operating income(1) as a percentage of revenues in the fourth quarter decreased compared to the same period in the prior year primarily due to timing and volume mix.

    Operating income and adjusted operating income(1) as a percentage of revenues in the fiscal year increased from the prior year primarily due to ramp up in volume on existing and new contracts, and the resolution of the AAV contract termination, partially offset by contract completions and the gain on sale of the Supply Chain Business in the prior year.

    Civilian Results

    Revenues in the fourth quarter increased $93 million or 24% compared to the same period in the prior year primarily due to ramp up in volume on existing contracts, partially offset by contract completions.

    Revenues in the fiscal year increased $126 million or 8% compared to the prior year primarily due to ramp up in volume on existing and new contracts, partially offset by contract completions.

    Operating income and adjusted operating income(1) as a percentage of revenues in the fourth quarter increased compared to the same period in the prior year primarily due to improved profitability across our contract portfolio.

    Operating income and adjusted operating income(1) as a percentage of revenues in the fiscal year decreased compared to the prior year primarily due to timing and volume mix.

    Corporate Results

    Operating loss and adjusted operating loss(1) in the fourth quarter decreased $19 million and $12 million, respectively, compared to the same period in the prior year primarily due to lower incentive-based compensation expense, including acceleration of stock-based compensation related to the reorganization and executive transition in the prior year.

    Operating loss in the fiscal year increased $192 million compared to the prior year primarily due to gain on the sale of the Supply Chain Business in the prior year ($233 million) and the gain recognized from the deconsolidation of FSA ($7 million) in the prior year, partially offset by lower incentive-based compensation expense, and lower stock-based compensation related to the restructuring and executive transition.

    Adjusted operating loss(1) in the fiscal year decreased $31 million compared to the prior year primarily due to lower incentive-based compensation expense, and lower stock-based compensation related to the restructuring and executive transition.

    (1) Non-GAAP measure, see Schedule 6 for information about this measure.

    Schedule 5:

    SCIENCE APPLICATIONS INTERNATIONAL CORPORATION
    BACKLOG
    (Unaudited)
     
    The estimated value of our total backlog as of the dates presented was:
     
      January 31, 2025   February 2, 2024
      Defense and
    Intelligence
    Civilian Total SAIC   Defense and
    Intelligence
    Civilian Total SAIC
      (in millions)
    Funded backlog $ 2,599 $          845 $ 3,444   $ 2,707 $ 832 $ 3,539
    Negotiated unfunded backlog   15,341           3,072   18,413     16,316   2,908   19,224
    Total backlog $ 17,940 $       3,917 $ 21,857   $ 19,023 $ 3,740 $ 22,763


    Backlog represents the estimated amount of future revenues to be recognized under negotiated contracts and task orders as work is performed and excludes contract awards which have been protested by competitors until the protest is resolved in our favor. SAIC segregates backlog into two categories, funded backlog and negotiated unfunded backlog. Funded backlog for contracts with government agencies primarily represents contracts for which funding is appropriated less revenues previously recognized on these contracts, and does not include the unfunded portion of contracts where funding is incrementally appropriated or authorized by the U.S. government and other customers even though the contract may call for performance over a number of years. Funded backlog for contracts with non-government agencies represents the estimated value of contracts which may cover multiple future years under which SAIC is obligated to perform, less revenues previously recognized on these contracts. Negotiated unfunded backlog represents the estimated future revenues to be earned from negotiated contracts for which funding has not been appropriated or authorized, and unexercised priced contract options. Negotiated unfunded backlog does not include any estimate of future potential task orders expected to be awarded under indefinite delivery, indefinite quantity (IDIQ), U.S. General Services Administration (GSA) schedules or other master agreement contract vehicles, with the exception of certain IDIQ contracts where task orders are not competitively awarded and separately priced but instead are used as a funding mechanism, and where there is a basis for estimating future revenues and funding on future anticipated task orders.

    Schedule 6:

    SCIENCE APPLICATIONS INTERNATIONAL CORPORATION
    NON-GAAP FINANCIAL MEASURES
    (Unaudited)

    This schedule describes the non-GAAP financial measures included in this earnings release. While we believe that these non-GAAP financial measures may be useful in evaluating our financial information, they should be considered as supplemental in nature and not as a substitute for financial information prepared in accordance with GAAP. Reconciliations, definitions, and how we believe these measures are useful to management and investors are provided below. Other companies may define similar measures differently.

    EBITDA and Adjusted EBITDA

      Three Months Ended   Year Ended
      January 31,
    2025

        February 2,
    2024
        January 31,
    2025

        February 2,
    2024
     
      (in millions)
    Revenues $ 1,838     $ 1,737     $ 7,479     $ 7,444  
    Net income   98       39       362       477  
    Interest expense, net and loss on sale of receivables   32       34       140       129  
    Provision for income taxes   9       9       66       143  
    Depreciation and amortization   36       36       140       142  
    EBITDA(1) $ 175     $ 118     $ 708     $ 891  
    EBITDA as a percentage of revenues   9.5 %     6.8 %     9.5 %     12.0 %
    Acquisition and integration costs               (2 )     1  
    Restructuring and impairment costs   4       15       8       23  
    Depreciation included in restructuring and impairment costs   (1 )     (1 )     (1 )     (1 )
    Recovery of acquisition and integration costs and restructuring and impairment costs   (1 )     (5 )     (3 )     (6 )
    Gain on divestitures, net of transaction costs                     (240 )
    Adjusted EBITDA(1) $ 177     $ 127     $ 710     $ 668  
    Adjusted EBITDA as a percentage of revenues   9.6 %     7.3 %     9.5 %     9.0 %


    EBITDA is a performance measure that is calculated by taking net income and excluding interest and loss on sale of receivables, provision for income taxes, and depreciation and amortization. Adjusted EBITDA is a performance measure that excludes the impact
    of non-recurring transactions that we do not consider to be indicative of our ongoing operating performance. The acquisition and integration costs relate to the Company’s acquisitions. The restructuring and impairment costs represent the reorganization and facilities optimization costs or impairments of long-lived assets, along with associated depreciation included in those restructuring and impairment costs. The recovery of acquisition and integration costs and restructuring and impairment costs relate to costs recovered through the Company’s indirect rates in accordance with Cost Accounting Standards. The (gain) loss on divestitures includes gains associated with the deconsolidation of FSA and the sale of the logistics and supply chain management business, net of transaction costs. We believe that these performance measures provide management and investors with useful information in assessing trends in our ongoing operating performance and may provide greater visibility in understanding the long-term financial performance of the Company.

    (1) Non-GAAP measure, see above for definition.

    Schedule 6 (continued):

    SCIENCE APPLICATIONS INTERNATIONAL CORPORATION
    NON-GAAP FINANCIAL MEASURES
    (Unaudited)

    Adjusted Operating Income

      Three Months Ended January 31, 2025
      GAAP
    results

        Restructuring
    and
    impairment
    costs
      Depreciation
    included in
    restructuring and
    impairment costs
        Recovery of
    acquisition and
    integration costs
    and restructuring
    and impairment
    costs
        Depreciation of
    property, plant,
    and equipment
      Amortization
    of intangible
    assets
      Non-GAAP
    results(1)

        Non-GAAP
    operating
    margin(1)
     
      (in millions)
    Defense and Intelligence $          96     $   $     $     $ 1   $ 16   $ 113     8.3 %
    Civilian             63                           12               75     15.7 %
    Corporate            (21 )     4     (1 )     (1 )     7                  (12 )   NM
    Total $        138     $            4   $             (1 )   $               (1 )   $              8   $          28   $        176     9.6 %
      Three Months Ended February 2, 2024
      GAAP
    results

        Restructuring
    and
    impairment
    costs
      Depreciation
    included in
    restructuring and
    impairment
    costs
        Recovery of
    acquisition and
    integration costs
    and restructuring
    and impairment
    costs
        Depreciation of
    property, plant,
    and equipment
      Amortization
    of intangible
    assets
      Non-GAAP
    results(1)

        Non-GAAP
    operating
    margin(1)
     
      (in millions)
    Defense and Intelligence $        100     $   $     $     $   $ 17   $ 117     8.7 %
    Civilian             19                           12               31     8.1 %
    Corporate            (40 )     15     (1 )     (5 )     7                  (24 )   NM
    Total $          79     $          15   $              (1 )   $              (5 )   $              7   $          29   $        124     7.1 %


    Adjusted operating income is a performance measure that primarily excludes the impact of non-recurring transactions that we do not consider to be indicative of our ongoing operating performance. The acquisition and integration costs relate to the Company’s acquisitions. The restructuring and impairment costs represent the reorganization and facilities optimization costs or impairments of long-lived assets, along with associated depreciation included in those restructuring and impairment costs. The recovery of acquisition and integration costs and restructuring and impairment costs relate to costs recovered through the Company’s indirect rates in accordance with Cost Accounting Standards. Depreciation of property, plant, and equipment relates to property, plant, and equipment specifically identifiable for each segment. Adjusted operating income also excludes amortization of intangible assets because we do not have a history of significant acquisition activity, we do not acquire businesses on a predictable cycle, and the amount of an acquisition’s purchase price allocated to intangible assets and the related amortization term are unique to each acquisition. We believe that these performance measures provide management and investors with useful information in assessing trends in our ongoing operating performance and may provide greater visibility in understanding the long-term financial performance of the Company.

    (1) Non-GAAP measure, see above for definition.

    Schedule 6 (continued):

    SCIENCE APPLICATIONS INTERNATIONAL CORPORATION
    NON-GAAP FINANCIAL MEASURES
    (Unaudited)

    Adjusted Operating Income

      Year Ended January 31, 2025
      GAAP
    results

        Acquisition
    and
    integration
    costs
        Restructuring
    and
    impairment
    costs
      Depreciation
    included in
    restructuring
    and
    impairment
    costs
        Recovery of
    acquisition and
    integration
    costs and
    restructuring
    and impairment
    costs
        Depreciation of
    property, plant,
    and equipment
      Amortization
    of intangible
    assets
      Non-GAAP
    results(1)

        Non-GAAP
    operating
    margin(1)
     
      (in millions)
    Defense and Intelligence $     440     $          —     $          —   $         —     $              —     $             2   $          67   $        509     8.9 %
    Civilian         168                  —                 —               —                      —                   —                48             216     12.3 %
    Corporate         (45 )                (2 )                 8               (1 )                    (3 )                 23                —              (20 )   NM
    Total $     563     $          (2 )   $           8   $         (1 )   $              (3 )   $           25   $        115    $        705     9.4 %
      Year Ended February 2, 2024
      GAAP
    results
      Acquisition
    and
    integration
    costs
      Restructuring
    and
    impairment
    costs
      Depreciation
    included in
    restructuring
    and
    impairment
    costs
      Recovery of
    acquisition and
    integration
    costs and
    restructuring
    and impairment
    costs
      Depreciation of
    property, plant,
    and equipment
      Amortization
    of intangible
    assets
      Gain on
    divestitures,
    net of
    transaction
    costs
      Non-GAAP
    results(1)
      Non-GAAP
    operating
    margin(1)
      (in millions)
    Defense and Intelligence $   436   $       —   $          —   $         —     $            —     $          1   $        67   $          —     $    504     8.7 %
    Civilian       158             —               —               —                    —                 —              48               —            206     12.7 %
    Corporate       147              1               23               (1 )                  (6 )              25              —            (240 )          (51 )   NM
    Total $   741   $         1   $         23   $         (1 )   $            (6 )   $        26   $      115    $      (240 )   $    659     8.9 %


    Adjusted operating income is a performance measure that primarily excludes the impact of non-recurring transactions that we do not consider to be indicative of our ongoing operating performance. The acquisition and integration costs relate to the Company’s acquisitions. The restructuring and impairment costs represent the reorganization and facilities optimization costs or impairments of long-lived assets, along with associated depreciation included in those restructuring and impairment costs. The recovery of acquisition and integration costs and restructuring and impairment costs relate to costs recovered through the Company’s indirect rates in accordance with Cost Accounting Standards. Depreciation of property, plant, and equipment relates to property, plant, and equipment specifically identifiable for each segment. Adjusted operating income also excludes amortization of intangible assets because we do not have a history of significant acquisition activity, we do not acquire businesses on a predictable cycle, and the amount of an acquisition’s purchase price allocated to intangible assets and the related amortization term are unique to each acquisition. The (gain) loss on divestitures includes gains associated with the deconsolidation of FSA and the sale of the logistics and supply chain management business, net of transaction costs. We believe that these performance measures provide management and investors with useful information in assessing trends in our ongoing operating performance and may provide greater visibility in understanding the long-term financial performance of the Company.

    (1) Non-GAAP measure, see above for definition.

    Schedule 6 (continued):

    SCIENCE APPLICATIONS INTERNATIONAL CORPORATION
    NON-GAAP FINANCIAL MEASURES
    (Unaudited)

    Adjusted Diluted Earnings Per Share

      Three Months Ended January 31, 2025
      As Reported
        Restructuring
    and
    impairment
    costs
        Recovery of
    acquisition and
    integration costs
    and restructuring
    and impairment
    costs
        Amortization of
    intangible
    assets
        Non-GAAP
    results(1)

     
      (in millions, except per share amounts)
    Income before income taxes $                107     $ 4     $ (1 )   $ 28     $                138  
    Income tax expense                       (9 )     (1 )           (2 )                       (12 )
    Net income $                  98     $ 3     $ (1 )   $ 26     $                126  
                       
    Diluted EPS $               2.00     $ 0.06     $ (0.02 )   $ 0.53     $               2.57  
      Three Months Ended February 2, 2024
      As Reported
        Restructuring
    and
    impairment
    costs
        Recovery of
    acquisition and
    integration costs
    and restructuring
    and impairment
    costs
        Amortization of
    intangible
    assets
        Gain on
    divestitures,
    net of transaction
    costs
      Non-GAAP
    results(1)

     
      (in millions, except per share amounts)
    Income before income taxes $                  48     $ 15     $ (5 )   $ 29     $   $                  87  
    Income tax expense                       (9 )     (1 )     1       (5 )     2                       (12 )
    Net Income $                  39     $ 14     $ (4 )   $ 24     $ 2   $                  75  
                           
    Diluted EPS $               0.74     $ 0.27     $ (0.08 )   $ 0.46     $ 0.04   $               1.43  


    Adjusted diluted earnings per share is a performance measure that excludes the impact of non-recurring transactions that we do not consider to be indicative of our ongoing operating performance. The acquisition and integration costs relate to the Comp
    any’s acquisitions. The restructuring and impairment costs represent the reorganization and facilities optimization costs or impairments of long-lived assets. The recovery of acquisition and integration costs and restructuring and impairment costs relate to costs recovered through the Company’s indirect rates in accordance with Cost Accounting Standards. Adjusted diluted earnings per share also excludes amortization of intangible assets because we do not have a history of significant acquisition activity, we do not acquire businesses on a predictable cycle, and the amount of an acquisition’s purchase price allocated to intangible assets and the related amortization term are unique to each acquisition. The (gain) loss on divestitures includes gains associated with the sale of the logistics and supply chain management business, net of transaction costs. We believe that this performance measure provides management and investors with useful information in assessing trends in our ongoing operating performance and may provide greater visibility in understanding the long-term financial performance of the Company.

    (1) Non-GAAP measure, see above for definition.

    Schedule 6 (continued):

    SCIENCE APPLICATIONS INTERNATIONAL CORPORATION
    NON-GAAP FINANCIAL MEASURES
    (Unaudited)

    Adjusted Diluted Earnings Per Share

      Year Ended January 31, 2025
      As Reported
        Acquisition
    and
    integration
    costs
        Restructuring
    and
    impairment
    costs
        Recovery of
    acquisition and
    integration costs
    and restructuring
    and impairment
    costs
        Amortization of
    intangible
    assets
        Non-GAAP
    results(1)

     
      (in millions, except per share amounts)
    Income before income taxes $              428     $ (2 )   $ 8     $ (3 )   $ 115     $              546  
    Income tax expense                  (66 )           (1 )           (18 )                    (85 )
    Net income $              362     $ (2 )   $ 7     $ (3 )   $ 97     $              461  
                           
    Diluted EPS $            7.17     $ (0.04 )   $ 0.14     $ (0.06 )   $ 1.92     $            9.13  
      Year Ended February 2, 2024
      As
    Reported

        Acquisition
    and
    integration
    costs
      Restructuring
    and
    impairment
    costs
        Recovery of
    acquisition and
    integration costs
    and restructuring
    and impairment
    costs
        Amortization of
    intangible
    assets
        Gain on
    divestitures,
    net of
    transaction costs
        Non-GAAP
    results(1)

     
      (in millions, except per share amounts)
    Income before income taxes $          620     $ 1   $ 23     $ (6 )   $ 115     $ (240 )   $            513  
    Income tax expense            (143 )         (2 )     1       (21 )     75                    (90 )
    Net Income $          477     $ 1   $ 21     $ (5 )   $ 94     $ (165 )   $            423  
                               
    Diluted EPS $        8.88     $ 0.02   $ 0.39     $ (0.09 )   $ 1.75     $ (3.07 )   $          7.88  


    Adjusted diluted earnings per share is a performance measure that excludes the impact of non-recurring transactions that we do not consider to be indicative of our ongoing o
    perating performance. The acquisition and integration costs relate to the Company’s acquisitions. The restructuring and impairment costs represent the reorganization and facilities optimization costs or impairments of long-lived assets. The recovery of acquisition and integration costs and restructuring and impairment costs relate to costs recovered through the Company’s indirect rates in accordance with Cost Accounting Standards. Adjusted diluted earnings per share also excludes amortization of intangible assets because we do not have a history of significant acquisition activity, we do not acquire businesses on a predictable cycle, and the amount of an acquisition’s purchase price allocated to intangible assets and the related amortization term are unique to each acquisition. The (gain) loss on divestitures includes gains associated with the deconsolidation of FSA and the sale of the logistics and supply chain management business, net of transaction costs. We believe that this performance measure provides management and investors with useful information in assessing trends in our ongoing operating performance and may provide greater visibility in understanding the long-term financial performance of the Company.

    (1) Non-GAAP measure, see above for definition.

    Schedule 6 (continued):

    SCIENCE APPLICATIONS INTERNATIONAL CORPORATION
    NON-GAAP FINANCIAL MEASURES
    (Unaudited)

    Free Cash Flow

      Three Months Ended   Year Ended
      January 31,
    2025

        February 2,
    2024
        January 31,
    2025

        February 2,
    2024
     
      (in millions)
    Net cash provided by operating activities $ 115     $ 63     $          494     $ 396  
    Expenditures for property, plant, and equipment              (15 )     (11 )                (36 )     (27 )
    Cash used (provided) by MARPA Facility              136       45                   41       45  
    Free cash flow(1) $          236     $ 97     $          499     $ 414  
    L&SCM divestiture transaction fees                —                          —       7  
    L&SCM divestiture cash taxes                —       18                    —       74  
    L&SCM divestiture transition services                —       4                     8       (9 )
    Transaction-adjusted free cash flow(1) $          236     $ 119     $          507     $ 486  
      FY26 Guidance
      (in millions)
    Net cash provided by operating activities $545M to $565M
    Expenditures for property, plant, and equipment Approximately $35M
    Free cash flow(1) $510M to $530M


    Free cash flow is calculated by taking cash flows provided by operating activities less expenditures for property, plant, and equipment and less cash flows from our Master Accounts Receivable Purchasing Agreement (MARPA Facility) for the sale of certain designated eligible U.S. government receivables. Under the MARPA Facility, the Company can sell eligible receivables up to a maximum amount of $300 million. Transaction-adjusted free cash flow excludes cash taxes, transaction fees, and other costs related to the divestiture of the logistics and supply chain management business from free cash flow as previously defined. We believe that free cash flow and transaction-adjusted free cash flow provides management and investors with useful information in assessing trends in our cash flows and in comparing them to other peer companies, many of whom present similar non-GAAP liquidity measures. These measures should not be considered as a measure of residual cash flow available for discretionary purposes.

    (1)Non-GAAP measure, see above for definition.

    The MIL Network

  • MIL-OSI: Final Results for the Year-Ended December 31, 2024

    Source: GlobeNewswire (MIL-OSI)

    Diversified Achieves Strong Final Year-End 2024 Results, Delivers on Capital Allocation Promises, and Introduces 2025 Combined Company Outlook

    2024 Achievements Position Diversified on a Meaningful Path Forward as a Stronger and Larger Company

    Executed Approximately $2 Billion of Acquisitions in an Advantageous Pricing Environment

    Third year of Consistent Operating Costs Despite Broader Industry and Inflationary Pressures

    Maverick Integration Anticipated to Provide Meaningful Financial and Operational Benefits to Drive Free Cash Flow Acceleration

    Created a PDP Solution for Upstream Peers to Facilitate Operated Acquisitions with an Undeveloped Inventory Focus

    BIRMINGHAM, Ala., March 17, 2025 (GLOBE NEWSWIRE) — Diversified Energy Company PLC (LSE: DEC; NYSE: DEC) is pleased to announce its operational and final audited results for the year ended December 31, 2024.

    Diversified remains a differentiated key player in acquiring and building a portfolio of assets through value-accretive transactions while simultaneously unlocking hidden value through its unique operational framework, strategic development partnerships, and growing adjacent business segments, including coal mine methane (CMM), energy marketing and well-retirement. By completing over $4.0 billion of acquisitions since its public listing in 2017, Diversified has built a large-scale integration and operating company that remains focused on delivering de-risked, reliable cash flow for its shareholders. With the combination of maturing assets and M&A activity leading to growth-oriented E&P’s recycling capital through divestment, there remains an ample opportunity set for Diversified’s continued growth. Additionally, with most upstream acquisitions today focusing on increasing undeveloped inventory, Diversified provides a creative and actionable solution as the PDP purchasing partner for those E&P’s that only value inventory.

    Only Publicly Traded Champion of the PDP Subsector with Unique Strategic Advantages

    • Large Operational Scale: Multiple geographies in core basins including Western Anadarko (largest producer), Permian, Appalachia, Barnett and Ark-La-Tex with commodity product diversification
    • Vertical Integration: In-house marketing, extensive midstream network, wholly-owned processing infrastructure, and a well retirement business segment
    • Leading Technology Platform: 100% cloud architecture, supporting well level data capture, information for actionable production optimization, and real-time monitoring which mitigates production downtime
    • Beneficial Financing Solution: Demonstrated ability to access numerous capital solutions, including investment grade, low-cost Asset Backed Securities, commercial banking facilities and equity investment partners
    • Flexible Capital Allocation: shareholder returns-focused model prioritizing Free Cash Flow for systematic debt reduction, fixed dividend payments, opportunistic share repurchases, and accretive acquisitions
    • Proven Process to Capture Synergies: established integration playbook and sophisticated corporate infrastructure provides considerable expense savings and unlocks sustainable value

    Delivering Consistent and Reliable Results in 2024        

    • Delivered average net daily production: 791 MMcfepd (132 MBoepd)
      • December exit rate of 864 MMcfepd (144 MBoepd)
    • Year end 2024 reserves of 4.5 Tcfe (747 MMBoe; PV10 of $3.3 billion(b))
    • Total Revenue, inclusive of hedges of $946 million(e), net of $151 million in commodity cash hedge receipts that supplemented Total Revenue of $795 million
    • Operating Cash Flow of $346 million; Net loss of $87 million, inclusive of $141 million tax-effected, non-cash unsettled derivative fair value adjustments
    • Adjusted EBITDA of $472 million(c); Adjusted Free Cash Flow of $211 million(d)
      • 2024 Adjusted EBITDA Margin of 51%(c)
      • 2024 Adjusted Operating Cost per unit of $1.70/Mcfe ($10.22/Boe)

    Achieving Expectations

    • Recommend a final quarterly dividend of $0.29 per share
    • Generated $49 million of cash proceeds through land sales and Coal Mine Methane Revenues
    • Retired over $200 million in debt principal through amortizing debt payments
    • Returned $105 million to shareholders, including $21 million in share buybacks(h)
    • Completed $585 million (gross) in strategic and bolt-on acquisitions during 2024
    • Retired 202 Diversified wells in Appalachia, marking third consecutive year to exceed 200 wells
    • OGMP Gold Standard and MSCI AA Rating for third and second consecutive year, respectively
    • Decreased Scope 1 methane intensity to 0.7 MT CO2e per MMcfe, a 13% reduction from 2023

    Powerful Step Forward

    • Closed transformative $1.3 billion acquisition of Maverick Natural Resources (“Maverick”)
      • Largest Producer in the Western Anadarko Basin (WAB)
      • Entry into the Permian basin
      • Expecting to achieve over $50 million in annual synergies by year-end 2025
    • Closed the accretive bolt-on acquisition of assets from Summit Natural Resources
      • Anticipate over 300% increase in cash flow from CMM environmental credit sales in the next 24 months
    • Developed a unique partnership to create an innovative, reliable, net-zero data center power solution
    • Enhancing free cash flow growth in 2025 by advantageously added natural gas hedges (related to ABS & recent acquisitions) and planning approximately $40 million from the divestiture of undeveloped leasehold during the first half of 2025

    CEO Rusty Hutson, Jr. commented:

    “Our over 1,600 women and men of Diversified remain the driving force behind our strong operational and financial performance in 2024. Whether it’s natural gas to power the technology of the future or the everyday needs of families and businesses across our operating region, Diversified provides the reliable and sustainable energy needed, and we continue to invest in growing our business while expanding our opportunity set of cash flow generation through verticals in a variety of end markets.

    We have built a Company that remains highly focused on long-term value creation through the growth of our platform and our ability to leverage vertical integration and scale to operate a structurally and dependably higher-margin business that delivers de-risked, consistent cash flow. Our focused strategy, disciplined leadership team, sound operating practices, and the strong demand for natural gas provide us with momentum as we begin the year and the confidence to achieve our full-year 2025 expectations while executing against our capital allocation strategy. We are starting the year in a position of strength as a bigger, better business, and there has never been a more exciting time for our Company and the energy industry. We feel privileged to be at the heart of the energy renaissance as the Right Company at the Right Time to help provide essential energy needs.”

    Combined Company 2025 Outlook

    Following the recently completed acquisition of Maverick, Diversified expects to realize significant operational synergies associated with a larger, consolidated position in Oklahoma and the ability to improve the overall cost structure of the Maverick Natural Resources assets while continuing to prioritize returns and Free Cash Flow generation.

    The following outlook incorporates a nine-month contribution from the recently acquired Maverick.

      2025 Guidance
    Total Production (Mmcfe/d) 1,050 to 1,100
    % Liquids ~25%
    % Natural Gas ~75%
    Total Capital Expenditures (millions) $165 to $185
    Adj. EBITDA(millions) $825 to $875
    Adj. Free Cash Flow(millions) ~$420
    Leverage Target 2.0x to 2.5x
    Combined Company Synergies (millions) >$50
    Includes the value of anticipated cash proceeds for 2025 land sales
     

    Posting of 2024 Annual Report and Notice of Annual General Meeting

    Diversified has published to the Company’s website its 2024 Annual Report and Notice of AGM, along with the form of proxy for the AGM. These documents can be viewed or downloaded from Diversified’s website at https://ir.div.energy/financial-info.

    The Company has also provided copies of these documents to the National Storage Mechanism that, in accordance with UK Listing Rule 6.4.1R, will be available for inspection at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.

    Annual General Meeting Arrangements

    The Company’s AGM will be held on April 9, 2025 at 1:00pm BST (8:00am EDT) at the offices of FTI Consulting, 200 Aldersgate, Aldersgate Street, London EC1A 4HD.

    Presentation and Webcast

    DEC will host a conference call today at 12:30 pm GMT (8:30am EDT) to discuss these results. The conference call details are as follows:

    A corporate presentation will be posted to the Company’s website before the conference call. The presentation can be found at https://ir.div.energy/presentations.

    Footnotes:

    (a) Corporate decline rate of ~10% calculated as the change in average daily production for the month of December 2023 (775 MMcfepd), adjusted for the impact of acquisitions and divestitures occurring during the 2024 calendar year, to the average daily production for the month of December 2024.
    (b) Based on the Company’s year-end PDP reserves and using 10-year NYMEX strip, as at December 31, 2024.
    (c) Adjusted EBITDA represents earnings before interest, taxes, depletion, and amortization, and includes adjustments for items that are not comparable period-over-period; As presented, Adjusted EBITDA includes the impact of the accounting basis for land sales; Adjusted EBITDA Margin represents Adjusted EBITDA (excluding the adjustment for the accounting basis on land sales) as a percent of Total Revenue, Inclusive of Settled Hedges; For purposes of comparability, Adjusted EBITDA Margin excludes Other Revenue of $16 million and Lease Operating Expense of $19 million in 2024 associated with Diversified’s wholly owned plugging subsidiary, Next LVL Energy. For more information, please refer to Non-IFRS Measures, below.
    (d) Free Cash Flow represents net cash provided by operating activities less expenditures on natural gas and oil properties and equipment and cash paid for interest; As used herein, Adjusted Free Cash Flow represents Free Cash Flow, plus cash proceeds from undeveloped acreage sales; For more information, please refer to Non-IFRS Measures, below.
    (e) Calculated as total revenue recorded for the period, inclusive of the impact of derivatives settled in cash. For more information, please refer to Non-IFRS Measures, below.
    (f) Calculated as the availability on the Company’s Revolving Credit Facility (“SLL”) and cash on hand (unrestricted)of December 31, 2024; Does not include the impact of Letters of Credit.
    (g) Net Debt-to-Adjusted EBITDA, or “Leverage” or “Leverage Ratio,” is measured as Net Debt divided by Pro Forma Adjusted EBITDA; Pro forma adjusted EBITDA includes adjustments for the year ended December 31, 2024 for the annualized impact of acquisitions completed during the year. Net Debt calculated as of December 31, 2024 and includes total debt as recognized on the balance sheet, less cash and restricted cash; Total debt includes the Company’s borrowings under the Company’s Revolving Credit Facility (“SLL”) and borrowings under or issuances of, as applicable, the Company’s subsidiaries’ securitization facilities. For more information, please refer to Non-IFRS Measures, below.
       

    For Company-specific items, refer also to the Glossary of Terms and/or Alternative Performance Measures found in Diversified’s 2024 Annual Report

    For further information, please contact:  
    Diversified Energy Company PLC +1 973 856 2757
    Doug Kris dkris@dgoc.com
    www.div.energy  
       
    FTI Consulting dec@fticonsulting.com
    U.S. & UK Financial Public Relations  
       

    About Diversified Energy Company PLC

    Diversified is a leading publicly traded energy company focused on natural gas and liquids production, transport, marketing, and well retirement. Through our differentiated strategy, we acquire existing, long-life assets and invest in them to improve environmental and operational performance until retiring those assets in a safe and environmentally secure manner. Recognized by ratings agencies and organizations for our sustainability leadership, this solutions-oriented, stewardship approach makes Diversified the Right Company at the Right Time to responsibly produce energy, deliver reliable free cash flow, and generate shareholder value.

    Important Notices

    This announcement may contain certain forward-looking statements, beliefs or opinions, with respect to the financial condition, results of operations and business of the Company, and its wholly owned subsidiaries (“the Group”) following the Maverick Acquisition. These statements, which contain the words “anticipate”, “believe”, “intend”, “estimate”, “expect”, “may”, “will”, “seek”, “continue”, “aim”, “target”, “projected”, “plan”, “goal”, “achieve”, “outlook” and words of similar meaning, reflect the Company’s beliefs and expectations and are based on numerous assumptions regarding the Company’s present and future business strategies and the environment the Company and the Group will operate in and are subject to risks and uncertainties that may cause actual results to differ materially. No representation is made that any of these statements or forecasts will come to pass or that any forecast results will be achieved. Forward-looking statements involve inherent known and unknown risks, uncertainties and contingencies because they relate to events and depend on circumstances that may or may not occur in the future and may cause the actual results, performance or achievements of the Company or the Group to be materially different from those expressed or implied by such forward looking statements. Many of these risks and uncertainties relate to factors that are beyond the Company’s or the Group’s ability to control or estimate precisely, such as future market conditions, currency fluctuations, the behaviour of other market participants, the actions of regulators and other factors such as the Company’s or the Group’s ability to continue to obtain financing to meet its liquidity needs, changes in the political, social and regulatory framework in which the Company or the Group operate or in economic or technological trends or conditions, and the Company’s or Group’s ability to realize expected benefits of the Maverick acquisition. Past performance of the Company cannot be relied on as a guide to future performance. As a result, you are cautioned not to place undue reliance on such forward-looking statements. The list above is not exhaustive and there are other factors that may cause the Company’s or the Group’s actual results to differ materially from the forward-looking statements contained in this announcement, including the risk factors described in the “Risk Factors” section in the Company’s Annual Report and Form 20-F for the year ended December 31, 2024, filed with the United States Securities and Exchange Commission.

    Forward-looking statements speak only as of their date and neither the Company, nor the Group nor any of its respective directors, officers, employees, agents, affiliates or advisers expressly disclaim any obligation to supplement, amend, update or revise any of the forward-looking statements made herein, except where it would be required to do so under applicable law. In light of these risks, uncertainties and assumptions, the events described in the forward-looking statements in this announcement may not occur. No statement in this announcement is intended as a profit forecast or a profit estimate and no statement in this announcement should be interpreted to mean that the financial performance of the Company for the current or future financial years would necessarily match or exceed the historical published for the Company.

    The contents of this announcement are not to be construed as legal, business or tax advice. Each shareholder should consult its own legal adviser, financial adviser or tax adviser for legal, financial or tax advice respectively.

    Percentages in tables have been rounded and accordingly may not add up to 100 per cent. Certain financial data have also been rounded. As a result of this rounding, the totals of data presented in this announcement may vary slightly from the actual arithmetic totals of such data.

    Use of Non-IFRS Measures

    Certain key operating metrics that are not defined under IFRS (alternative performance measures) are included in this announcement. These non-IFRS measures are used by us to monitor the underlying business performance of the Company from period to period and to facilitate comparison with our peers. Since not all companies calculate these or other non-IFRS metrics in the same way, the manner in which we have chosen to calculate the non-IFRS metrics presented herein may not be compatible with similarly defined terms used by other companies. The non-IFRS metrics should not be considered in isolation of, or viewed as substitutes for, the financial information prepared in accordance with IFRS. Certain of the key operating metrics are based on information derived from our regularly maintained records and accounting and operating systems.

    Non-IFRS Disclosures

    Adjusted EBITDA

    As used herein, EBITDA represents earnings before interest, taxes, depletion, depreciation, and amortization. Adjusted EBITDA further adjusts for items that are not comparable period-over-period, including accretion of asset retirement obligations, other (income) expense, loss on joint and working interest owners receivable, (gain) loss on bargain purchases, (gain) loss on fair value adjustments of unsettled financial instruments, (gain) loss on natural gas and oil property and equipment, costs associated with acquisitions, other adjusting costs, non-cash equity compensation, (gain) loss on foreign currency hedge, net (gain) loss on interest rate swaps and other similar items.

    Adjusted EBITDA should not be considered in isolation or as a substitute for operating profit (loss), net income (loss), or cash flows provided by (used in) operating, investing, and financing activities. However, we believe this measure is useful to investors in evaluating our financial performance because it (1) is widely used by investors in the natural gas and oil industry as an indicator of underlying business performance; (2) helps investors more meaningfully evaluate and compare the results of our operations from period to period by removing the often-volatile revenue impact of changes in the fair value of derivative instruments prior to settlement; (3) is used in the calculation of a key metric in one of our Credit Facility financial covenants; and (4) is used by us as a performance measure in determining executive compensation. When evaluating this measure, we believe investors also commonly find it useful to assess this metric as a percentage of our total revenue, inclusive of settled hedges, which we refer to as adjusted EBITDA margin.

      Year Ended
      December 31,
    2024
    December 31,
    2023
    December 31,
    2022
    Net income (loss) $ (87,001 ) $ 759,701   $ (620,598 )
    Finance costs   137,643     134,166     100,799  
    Accretion of asset retirement obligations   30,868     26,926     27,569  
    Other (income) expense(a)   (1,257 )   (385 )   (269 )
    Income tax (benefit) expense   (136,951 )   240,643     (178,904 )
    Depreciation, depletion and amortization   256,484     224,546     222,257  
    (Gain) loss on bargain purchases           (4,447 )
    (Gain) loss on fair value adjustments of unsettled financial instruments   189,030     (905,695 )   861,457  
    (Gain) loss on natural gas and oil properties and equipment(b)   15,308     4,014     93  
    (Gain) loss on sale of equity interest   7,375     (18,440 )    
    Unrealized (gain) loss on investment   4,013     (4,610 )    
    Impairment of proved properties(c)       41,616      
    Costs associated with acquisitions   11,573     16,775     15,545  
    Other adjusting costs(d)   22,375     17,794     69,967  
    Loss on early retirement of debt   14,753          
    Non-cash equity compensation   8,286     6,494     8,051  
    (Gain) loss on foreign currency hedge       521      
    (Gain) loss on interest rate swap   (190 )   2,722     1,434  
    Total adjustments $ 559,310   $ (212,913 ) $ 1,123,552  
    Adjusted EBITDA $ 472,309   $ 546,788   $ 502,954  
    Pro forma adjusted EBITDA(e) $ 548,570   $ 553,252   $ 574,414  
    1. Excludes $1 million in dividend distributions received for our investment in DP Lion Equity Holdco during the year ended December 31, 2024.
    2. Excludes $27 million, $24 million and $2 million in cash proceeds received for leasehold sales during the years ended December 31, 2024, 2023 and 2022, respectively, less $14 million and $4 million of basis in leasehold sales for the years ended December 31, 2024 and 2023, respectively.
    3. For the year ended December 31, 2023, the Group determined the carrying amounts of certain proved properties within two fields were not recoverable from future cash flows, and therefore, were impaired.
    4. Other adjusting costs for the year ended December 31, 2024, were primarily associated with legal and professional fees related to the U.S. listing, legal fees for certain litigation, and expenses associated with unused firm transportation agreements. For the year ended December 31, 2023, these costs were primarily related to legal and professional fees for the U.S. listing, legal fees for certain litigation, and expenses for unused firm transportation agreements. For the year ended December 31, 2022, these costs mainly included $28 million in contract terminations, which enabled the Group to secure more favorable future pricing, and $31 million in deal breakage and/or sourcing costs for acquisitions.
    5. Includes adjustments for the year ended December 31, 2024 for the Oaktree, Crescent Pass, and East Texas II acquisitions to pro forma their results for the full twelve months of operations. Similar adjustments were made for the year ended December 31, 2023 for the Tanos II Acquisition, as well as for the year ended December 31, 2022 for the East Texas I and ConocoPhillips acquisitions.

    Total Revenue, Inclusive of Hedges and Adjusted EBITDA Margin

    As used herein, total revenue, inclusive of settled hedges, accounts for the impact of derivatives settled in cash. We believe that total revenue, inclusive of settled hedges, is a useful measure because it enables investors to discern our realized revenue after adjusting for the settlement of derivative contracts.

    As used herein, adjusted EBITDA margin is calculated as adjusted EBITDA expressed as a percentage of total revenue, inclusive of settled hedges. Adjusted EBITDA margin encompasses the direct operating costs and the portion of general and administrative costs required to produce each Mcfe. This metric includes operating expense, employee costs, administrative costs and professional services, and recurring allowance for credit losses, which cover both fixed and variable costs components. We believe that adjusted EBITDA margin is a useful measure of our profitability and efficiency, as well as our earnings quality, because it evaluates the Group on a more comparable basis period-over-period, especially given our frequent involvement in transactions that are not comparable between periods.

      Year Ended
      December 31,
    2024
    December 31,
    2023
    December 31,
    2022
    Total revenue $ 794,841   $ 868,263   $ 1,919,349  
    Net gain (loss) on commodity derivative instruments(a)   151,289     178,064     (895,802 )
    Total revenue, inclusive of settled hedges $ 946,130   $ 1,046,327   $ 1,023,547  
    Adjusted EBITDA $ 472,309   $ 546,788   $ 502,954  
    Adjusted EBITDA margin   50 %   52 %   49 %
    Adjusted EBITDA margin, excluding Next LVL Energy   51 %   53 %   50 %
    1. Net gain (loss) on commodity derivative settlements represents the cash paid or received on commodity derivative contracts. This excludes settlements on foreign currency and interest rate derivatives, as well as the gain (loss) on fair value adjustments for unsettled financial instruments for each of the periods presented.

    Free Cash Flow

    As used herein, free cash flow represents net cash provided by operating activities, less expenditures on natural gas and oil properties and equipment, and cash paid for interest. We believe that free cash flow is a useful indicator of our ability to generate cash that is available for activities beyond capital expenditures. The Directors believe that free cash flow provides investors with an important perspective on the cash available to service debt obligations, make strategic acquisitions and investments, and pay dividends.

      Year Ended
      December 31,
    2024
    December 31,
    2023
    December 31,
    2022
    Net cash provided by operating activities $ 345,663   $ 410,132   $ 387,764  
    LESS: Expenditures on natural gas and oil properties and equipment   (52,100 )   (74,252 )   (86,079 )
    LESS: Cash paid for interest   (123,141 )   (116,784 )   (83,958 )
    Free cash flow $ 170,422   $ 219,096   $ 217,727  
    Cash generated through divestitures of land $ 40,986   $ 28,160   $ 2,472  
    Adjusted free cash flow $ 211,408   $ 247,256   $ 220,199  


    Net Debt and Net Debt-to-Adjusted EBITDA (“Leverage”)

    As used herein, net debt represents total debt as recognized on the balance sheet, minus cash and restricted cash. Total debt includes borrowings under our Credit Facility and borrowings under, or issuances of, our subsidiaries’ securitization facilities. We believe net debt is a useful indicator of our leverage and capital structure.

    As used herein, net debt-to-adjusted EBITDA, also referred to as “leverage” or the “leverage ratio,” is calculated by dividing net debt by adjusted EBITDA. We believe this metric is a crucial measure of our financial liquidity and flexibility, and it is also used in the calculation of a key metric in one of our Credit Facility financial covenants.

      As of
      December 31,
    2024
    December 31,
    2023
    December 31,
    2022
    Total debt(a) $ 1,693,242   $ 1,276,627   $ 1,440,329  
    LESS: Cash   5,990     3,753     7,329  
    LESS: Restricted cash(b)   46,269     36,252     55,388  
    Net debt $ 1,640,983   $ 1,236,622   $ 1,377,612  
           
    Adjusted EBITDA $ 472,309,000   $ 546,788,000   $ 502,954,000  
    Pro forma adjusted EBITDA(c) $ 548,570   $ 553,252   $ 574,414  
    Net debt-to-pro forma adjusted EBITDA(d) 2.9x
      2.2x
      2.4x
     
    1. Includes adjustments for deferred financing costs and original issue discounts, consistent with presentation on the Statement of Financial Position.
    2. The increase of restricted cash as of December 31, 2024, is due to the addition of $21 million and $3 million in restricted cash for the ABS VIII Notes and ABS IX Notes, respectively, offset by $7 million and $9 million for the retirement of the ABS III Notes and ABS V Notes, respectively.
    3. Includes adjustments for the year ended December 31, 2024 for the Oaktree, Crescent Pass, and East Texas II acquisitions to pro forma their results for the full twelve months of operations. Similar adjustments were made for the year ended December 31, 2023 for the Tanos II Acquisition, as well as for the year ended December 31, 2022 for the East Texas I and ConocoPhillips acquisitions.
    4. Excludes long-term plant financing of $30 million for the year ended December 31, 2024.

    The MIL Network

  • MIL-OSI Asia-Pac: President Lai addresses opening of 2025 Yushan Forum

    Source: Republic of China Taiwan

    Details
    2025-03-13
    President Lai attends Ministry of Foreign Affairs 2025 Spring Banquet  
    On the evening of March 13, President Lai Ching-te attended the Ministry of Foreign Affairs 2025 Spring Banquet for foreign ambassadors and representatives stationed in Taiwan. In remarks, President Lai thanked our diplomatic allies and like-minded countries for continuing to demonstrate their high regard and support for Taiwan at international venues. The president stated that a stronger Taiwan will be able to contribute even more to the world, explaining that is why he established the National Climate Change Committee, the Whole-of-Society Defense Resilience Committee, and the Healthy Taiwan Promotion Committee. He added that he hopes to pool our strengths so as to formulate national development strategies and enhance Taiwan’s international collaboration. The president also expressed hope of developing opportunities for cooperation with other countries across many domains to jointly advance democracy, peace, and prosperity throughout the region and around the world. A translation of President Lai’s remarks follows: Today is my first time attending the Ministry of Foreign Affairs Spring Banquet since becoming president. It is a pleasure to be able to meet and socialize with esteemed guests from other countries and good friends from all sectors of Taiwan. The global landscape has changed rapidly over the past year. Geopolitical volatility, the restructuring of supply chains, technological advancements, and other factors have had a profound impact on nations’ strategic plans. I want to take this opportunity to thank our diplomatic allies and like-minded countries for continuing to demonstrate their high regard and support for Taiwan at international venues. Last month, the leaders of the United States and Japan, the US secretary of state and the foreign ministers of Japan and the Republic of Korea, and the G7 foreign ministers all issued joint statements emphasizing the importance of peace and stability across the Taiwan Strait, underscoring Taiwan’s vital role in global progress and prosperity.  I would especially like to thank members of the diplomatic corps for working with us to build even closer partnerships between our countries. I have always believed that a stronger Taiwan will be able to contribute even more to the world. That is why, after taking office, I established the National Climate Change Committee, the Whole-of-Society Defense Resilience Committee, and the Healthy Taiwan Promotion Committee under the Office of the President. These committees continue to address global concerns and seek to solve important issues that impact our own people. I hope to pool our strengths so as to formulate national development strategies and enhance Taiwan’s international collaboration.  Last year, I visited our Pacific allies – the Republic of the Marshall Islands, Tuvalu, and the Republic of Palau. I deeply appreciated our friends’ warm hospitality and came to feel very deeply that we are like a family. Through local visits and mutual exchanges, we deepened our diplomatic alliances and cooperation, creating win-win outcomes. We also showed Taiwan’s determination to work with allies to tackle the many challenges related to climate change, net-zero transition, and digital transformation. At the start of this month, Taiwan hosted the first-ever workshop on whole-of-society defense resilience under the Global Cooperation and Training Framework. Experts and scholars from 30 countries participated in the discussions. I once again thank the diplomatic corps for their support and assistance. In the future, we look forward to developing opportunities for cooperation with other countries across many domains to jointly advance democracy, peace, and prosperity throughout the region and around the world. In the face of authoritarian expansion, Taiwan will continue to bolster its national defense capabilities. We will stand shoulder to shoulder with fellow democracies to demonstrate the strength of deterrence. We will also join hands to build non-red supply chains, strengthen our economic resilience, and promote an initiative on semiconductor supply chain partnerships for global democracies. All of this will ensure steady technological and economic development.  In my New Year’s Day address, I said that in this new year, we have many more brilliant stories of Taiwan to share with the world. Everyone gathered here tonight is a dear friend of Taiwan. And each of you plays an important role in the stories this land has to tell.  I am deeply grateful to you all for the incredible efforts you make in support of Taiwan. In so many ways, you connect Taiwan to the rest of the world and allow the world to see the many different sides of this amazing nation. I believe that through even deeper and more extensive cooperation, we will create many more wonderful stories of Taiwan and build an even brighter future together. I wish you all a pleasant evening. Also in attendance at the event were Dean of the Diplomatic Corps and Saint Vincent and the Grenadines Ambassador Andrea Clare Bowman and other members of the foreign diplomatic corps in Taiwan.

    Details
    2025-03-04
    President Lai meets US Heritage Foundation founder Dr. Edwin Feulner
    On the afternoon of March 4, President Lai Ching-te met with a delegation led by founder of the US-based Heritage Foundation Dr. Edwin Feulner. In remarks President Lai thanked the foundation for publishing the 2025 Index of Economic Freedom, in which Taiwan ranked fourth globally and which recognized Taiwan’s sound legal foundation and ideal investment environment. The president said that Taiwan and the United States are important economic and trade partners and engage closely in industrial exchange. The president also expressed hope to expand investment in and procurement from the US in such areas as high-tech, energy, and agricultural products, and to work with the US and other democratic partners to create more resilient and diverse semiconductor supply chains to address new circumstances. A translation of President Lai’s remarks follows: It is a pleasure to welcome Dr. Feulner back to Taiwan today. I recall meeting with Dr. Feulner and Heritage Foundation President Kevin Roberts here at the Presidential Office at the end of last February. We had a fruitful discussion on Taiwan-US relations and regional affairs. When President Donald Trump was elected for his first term, Dr. Feulner played a crucial role in the administration’s transition team. Today, I look forward to hearing his thoughts on possible ways to further deepen relations between Taiwan and the US. I would like to thank the Heritage Foundation for publishing the 2025 Index of Economic Freedom, in which Taiwan ranked fourth globally. The report also recognized Taiwan’s sound legal foundation and ideal investment environment. Taiwan and the US are important economic and trade partners and engage closely in industrial exchange. The Taiwan Semiconductor Manufacturing Company’s (TSMC) historic US$65 billion investment in Arizona–negotiated and finalized during President Trump’s first term–is a case in point. And today, TSMC Chairman C.C. Wei (魏哲家) and President Trump jointly announced that the company would be expanding its investment in the US with new facilities. Looking ahead, we hope to expand investment in and procurement from the US in such areas as high-tech, energy, and agricultural products. We also look forward to working with the US and other democratic partners to create more resilient and diverse semiconductor supply chains to address new circumstances. At present, we continue to face authoritarian expansionism. As a country that deeply loves and staunchly defends freedom, Taiwan will collaborate with the US and other like-minded countries to maintain regional peace and stability. I would like to thank President Trump for his recent joint statement with Japanese Prime Minister Ishiba Shigeru, which emphasized the importance of maintaining peace and stability across the Taiwan Strait. And last month, the US was also part of a G7 foreign ministers’ statement in which “they strongly opposed any attempts to change unilaterally the status quo using force.” We firmly believe that only peace attained through one’s own strength can truly be called peace. Currently, Taiwan’s defense budget stands at approximately 2.5 percent of GDP. Going forward, the government will prioritize special budget allocations to ensure that Taiwan’s defense budget exceeds 3 percent of GDP. Also, we will continue to reform national defense in the conviction that help comes most to those who help themselves. This will allow us to contribute even more to regional peace and stability. In closing, I once again thank Dr. Feulner for visiting and for demonstrating support of Taiwan. I wish you all a smooth and successful trip. Dr. Feulner then delivered remarks, first stating that on behalf of his successor, President Roberts, and all of his colleagues at the Heritage Foundation, it is his pleasure to present President Lai with the first copy of the 2025 Index of Economic Freedom. Pointing out that in the Index the Republic of China (Taiwan) is number four of 176 countries around the world in terms of its economic freedom, Dr. Feulner extended his congratulations to President Lai.  Dr. Feulner said he looks forward to a discussion about the present situation and how we can improve relations between the US and Taiwan. Dr. Feulner expressed his gratitude on hearing the wonderful announcement from TSMC, which was released right before his visit, that it will be expanding its investment in the US. In past trips, he said, he has had the opportunity to visit the TSMC headquarters in Taiwan, and fairly recently he has had the opportunity to view the site in Arizona where the construction continues and where the initial operations are beginning. He stated that they are proud to have TSMC now as an integral part of our responsible bilateral relationship. Dr. Feulner noted that while TSMC is of course very big, he also wants to express appreciation for all of the hundreds and hundreds of Taiwan-based companies that are strong, close partners throughout the US with American companies and with American people in terms of making a close and unified alliance of two freedom-loving countries.

    Details
    2025-03-04
    President Lai attends opening ceremony of GCTF Workshop on Whole-of-Society Resilience Building, Preparation, and Response
    On the morning of March 4, President Lai Ching-te attended the opening ceremony of the Global Cooperation and Training Framework (GCTF) Workshop on Whole-of-Society Resilience Building, Preparation, and Response. In remarks, President Lai stated that global challenges such as extreme weather, pandemics, and energy crises continue to emerge, and growing authoritarianism presents a grave threat to freedom-loving countries. These challenges have no borders, he said, and absolutely no single country can face them alone. The president said that as a responsible member of the international community, Taiwan is both willing and able to contribute even more to the democracy, peace, and prosperity of the world, and that the GCTF is an important platform where Taiwan can make those contributions by sharing its experiences with the rest of the world. President Lai indicated that Taiwan will join the forces of the central and local governments to enhance social resilience across the board, enhance disaster response capabilities in the community, and leverage its strengths to make contributions to the international community. He said that we are demonstrating to the world our determination to create an even more resilient Taiwan, and expressed hope to advance mutual assistance and exchanges with all the countries involved, so that we can together promote stability and prosperity around the world. A transcript of President Lai’s remarks follows: To begin, I would like to welcome more than 60 distinguished guests from 30 countries, as well as experts from Taiwan. You are all here for this GCTF workshop to discuss whole-of-society resilience building, preparation, and response. As a responsible member of the international community, Taiwan is both willing and able to contribute even more to the democracy, peace, and prosperity of the world. The GCTF is an important platform where Taiwan can make those contributions by sharing its experiences with the rest of the world. I want to thank our full GCTF partners, the United States, Japan, Australia, and Canada. Over the past several years, we have worked with even more countries through this framework and have expanded our exchanges into even more fields. Together, we have met all kinds of new challenges. I am confident that as our cooperation grows stronger, so will our ability to promote global progress. Each of today’s guests is contributing a vital force in that regard. I extend my sincere thanks to you all. Global challenges such as extreme weather, pandemics, and energy crises continue to emerge. And growing authoritarianism presents a grave threat to freedom-loving countries. These challenges have no borders, and absolutely no single country can face them alone. Taiwan holds a key position on the first island chain, and stands at the very frontline of the defense of democracy. With this joint workshop, we are demonstrating to the world our determination to create an even more resilient Taiwan. We are also aiming to advance our mutual assistance and exchanges with all the countries involved, so that we can make our societies more resilient and together promote stability and prosperity around the world. Moving forward, we will continue advancing the following three initiatives: First, we will join the forces of the central and local governments to enhance social resilience across the board. Just last year, I established the Whole-of-Society Defense Resilience Committee at the Presidential Office. Civilian force training, strategic material preparation, and critical infrastructure operation and maintenance are all key discussion areas for our committee. These aim to enhance Taiwan’s resilience in national defense, economic livelihoods, disaster prevention, and democracy. They are also items on the agenda for this GCTF workshop. To cover all the bases, Taiwan must unite and cooperate as a team. Last year, our committee held the very first cross-sector tabletop exercise at the Presidential Office which included central and local government officials as well as civilian observers. We aim to test the government’s emergency response capabilities in high-intensity gray-zone operations and near-conflict situations. We will continue to hold exercises to help the central and local governments work together more efficiently, and strengthen Taiwan’s overall disaster response capabilities. Second is to enhance disaster response capabilities in the community. We fully understand that to build whole-of-society resilience, we must help people increase risk awareness, know how to respond to disasters, and develop abilities to help themselves, help one another, and work together. We are grateful to the American Institute in Taiwan (AIT) for collaborating with the Taiwan Development Association for Disaster Medical Teams to host “Take Action” workshops around the country since 2021. A 2.0 version is already in practice, and continues to train the public in first aid skills. Director of the AIT Taipei Office Raymond Greene and I took part in a Take Action event in New Taipei City last year and personally saw the positive outcomes of the training. In addition to the Take Action workshops, the government is also providing Disaster Relief Volunteer training for ages 11 to 89, and is continuing to expand its target audience. We have also set up Taiwan Community Emergency Response Teams at key facilities nationwide, enhancing the ability of these important facilities to respond independently to disasters. Civilian training will continue to be refined and expanded so that members of the public can serve as important partners in government-led disaster prevention and relief. Third, we will leverage Taiwan’s strengths to make contributions to the international community. The inspiration for our Disaster Relief Volunteer training comes from a similar program run by The Nippon Care-Fit Education Institute in Japan. I am confident that through exchanges like this workshop, Taiwan and other countries can also inspire one another in many areas, and enhance whole-of-society resilience in multiple ways. Taiwan also excels in information and communications and advanced technology. We will set up even more robust cybersecurity systems, expand usage of emerging technologies, and improve the ways we maintain domestic security. We hope that by leveraging our capabilities and sharing our experiences, Taiwan can contribute even more to the international community. I want to welcome all our partners once again, and thank AIT for co-hosting this event. Let’s continue down the path of advancing global security and developing resilience together. Because together, we can travel farther, and we can travel longer. Also in attendance at the event were Japan-Taiwan Exchange Association Deputy Representative Takaba Yo, Australian Office in Taipei Representative Robert Fergusson, and Canadian Trade Office in Taipei Executive Director Jim Nickel.

    Details
    2025-02-24
    President Lai meets Japanese House of Representatives Member Tamaki Yuichiro
    On the afternoon of February 24, President Lai Ching-te met with Japanese House of Representatives Member Tamaki Yuichiro. In remarks, President Lai noted that Taiwan and Japan are important trading partners. The president expressed hope that, in addition to semiconductors, Taiwan and Japan can also bolster cooperation in the fields of hydrogen energy and drones and build non-red supply chains, thus creating economic win-win situations and maintaining peace and stability in the Indo-Pacific region and globally. A translation of President Lai’s remarks follows: I would like to start by warmly welcoming Representative Tamaki on his first trip to Taiwan. Now is a key moment for the cooperative ties between Taiwan and Japan, and the fact that Representative Tamaki has chosen to take time out of his busy schedule to make this trip demonstrates his especially meaningful support for Taiwan. For this I want to express my deepest gratitude. At the beginning of this month, Japan and the United States held a summit meeting. In the post-summit joint leaders’ statement the government of Japan reiterated the importance of maintaining peace and stability across the Taiwan Strait, opposed any attempts to unilaterally change the status quo by force or coercion, and expressed support for Taiwan’s meaningful participation in international organizations. I would like to thank the government of Japan for these statements. Taiwan and Japan are both responsible members of the international community. I welcome an even firmer friendship between Japan and the US and hope to see cooperation among Taiwan, Japan, and the US become a solid force in consolidating peace and stability in the Indo-Pacific region. In addition to complex international conditions, we now also face the threat of China’s red supply chain. More and more countries are becoming increasingly concerned about such issues as economic security and supply chain resilience. As authoritarianism consolidates, democratic nations must also come closer in solidarity. Taiwan and Japan are important trading partners. I hope that, in addition to semiconductors, Taiwan and Japan can also bolster cooperation in the fields of hydrogen energy and drones, and that we can build non-red supply chains, thus creating economic win-win situations and maintaining peace and stability in the Indo-Pacific region and globally. Lastly, I would like once again to welcome Representative Tamaki to Taiwan and wish him a successful visit. I hope he departs Taiwan with a deep impression and that he will visit again. Representative Tamaki then delivered remarks, noting that this was his first visit to Taiwan and thanking President Lai and officials of the Taiwan government for their warm welcome. Pointing out that Taiwan-Japan ties are closer than ever thanks to the major efforts made on this front by President Lai since taking office, Representative Tamaki expressed his admiration and gratitude. Representative Tamaki pointed out that in a changing global landscape, Taiwan, Japan, and the Indo-Pacific region all face major changes, but he firmly believes that Taiwan-Japan relations will develop even further. Recalling President Lai’s previous remarks, the representative said that Japan and the US recently held a summit meeting that yielded important results. In the joint leaders’ statement, he noted, the two sides made a clear commitment regarding peace and stability across the Taiwan Strait and firmly opposed any attempts to unilaterally change the status quo by force or coercion. Representative Tamaki said that the ruling Liberal Democratic Party and the Komeito did not win a majority in last year’s House of Representatives general elections, while the number of seats held by his own Democratic Party for the People quadrupled. This result, he said, has filled him with a feeling of great responsibility. Moving forward, he intends to continue promoting Taiwan-Japan cooperation and strengthening relations. Also in attendance at the meeting was Japan-Taiwan Exchange Association Taipei Office Chief Representative Katayama Kazuyuki.

    Details
    2025-02-21
    President Lai meets Abe Akie, wife of late Prime Minister Abe Shinzo of Japan
    On the morning of February 21, President Lai Ching-te met with Abe Akie, the wife of late Prime Minister Abe Shinzo of Japan. In remarks, President Lai thanked Mrs. Abe for carrying on the legacy of former Prime Minister Abe, being a benevolent and determined force for regional peace and prosperity, and calling on all parties to continue to place attention on peace in the Taiwan Strait. The president stated that Taiwan will carry on the legacy and spirit of former President Lee Teng-hui and former Prime Minister Abe, safeguard the values of freedom and democracy, and deepen the Taiwan-Japan friendship. A translation of President Lai’s remarks follows: Last May, Mrs. Abe came to Taiwan to attend the inauguration ceremony for myself and Vice President Bi-khim Hsiao, and we reminisced about the past here at the Presidential Office. I would like to warmly welcome her back today. I am also delighted to be meeting with all guests in attendance. Yesterday, Mrs. Abe and I attended the opening of the very first Halifax Taipei forum, for which Mrs. Abe also delivered a keynote speech earlier today. In her speech, she offered valuable input on global security and democratic development. I would like to thank Mrs. Abe for making this special trip to Taiwan to take part, showing her strong support for Taiwan. Former Prime Minister Abe pioneered the vision of a free and open Indo-Pacific, and called on the international community to pay attention to peace and stability in the Taiwan Strait and Indo-Pacific. These have become common strategic goals of democratic countries around the world and will have a far-reaching influence over international developments and Taiwan’s security. They were important contributions that former Prime Minister Abe made in regard to the Taiwan Strait and the Indo-Pacific region. Recently, current Prime Minister of Japan Ishiba Shigeru and United States President Donald Trump held a meeting and jointly reiterated the importance of peace and stability across the Taiwan Strait, as well as opposed unilateral changes to the status quo by force or coercion. They also expressed support for Taiwan’s participation in international organizations. This shows that Prime Minister Ishiba is furthering the legacy of former Prime Minister Abe. We are very grateful for the former prime minister’s friendship toward Taiwan, and to Mrs. Abe for carrying on his legacy. Mrs. Abe is a benevolent and determined force for regional peace and prosperity, and has called on all parties at numerous public venues to continue to place attention on peace in the Taiwan Strait. Last December, for instance, she traveled at the invitation of President Trump and his wife to the US, where she addressed cross-strait issues and spoke up for Taiwan. We were deeply moved by this. As authoritarian states continue to expand, Taiwan will keep working alongside like-minded nations such as Japan and the US, as well as the European Union, to jointly contribute to regional and global peace and prosperity. I look forward to continued advancement of regional peace and prosperity with the help of Mrs. Abe’s efforts. Mrs. Abe will also be meeting with daughter of former President Lee and Lee Teng-hui Foundation Chairperson Annie Lee (李安妮) tomorrow. Former President Lee and former Prime Minister Abe were both fully devoted to promoting Taiwan-Japan relations. We will carry on their legacy and spirit, safeguard the values of freedom and democracy, and deepen the Taiwan-Japan friendship. In closing, I wish you all a smooth and successful visit. Mrs. Abe then delivered remarks, first expressing her sincere thanks to President Lai for taking the time to meet. She said that former Prime Minister Abe hailed from Yamaguchi Prefecture, and that accompanying her that day were House of Councillors Member Kitamura Tsuneo, Yamaguchi Prefecture Governor Muraoka Tsugumasa, Yamaguchi Prefectural Assembly Deputy Speaker Shimata Noriaki, and many other important figures from Yamaguchi. If former Prime Minister Abe’s spirit could look upon this scene, she said, he would certainly be very pleased. Mrs. Abe recalled that when the former prime minister passed away, then-Vice President Lai traveled to their official residence to express his condolences and pay tribute. She said that she will never forget such a gesture of deep friendship, heartfelt condolences, and care. The year before last, she indicated, a memorial photo exhibition for former Prime Minister Abe was held in Taiwan, and many Taiwanese people from all walks of life came to view it. Last year, Mrs. Abe continued, she had the privilege of attending President Lai’s inauguration ceremony, where she met with many friends from Taiwan and personally felt the close and beautiful ties that Taiwan and Japan share. Mrs. Abe stated that she will carry out the wishes of former Prime Minister Abe and do her utmost to help raise Taiwan-Japan relations to new heights, saying that she looks forward to hearing the advice that President Lai and all those present have to offer. The delegation also included Japan-Taiwan Exchange Association Taipei Office Chief Representative Katayama Kazuyuki.

    Details
    2025-03-13
    President Lai holds press conference following high-level national security meeting
    On the afternoon of March 13, President Lai Ching-te convened a high-level national security meeting, following which he held a press conference. In remarks, President Lai introduced 17 major strategies to respond to five major national security and united front threats Taiwan now faces: China’s threat to national sovereignty, its threats from infiltration and espionage activities targeting Taiwan’s military, its threats aimed at obscuring the national identity of the people of Taiwan, its threats from united front infiltration into Taiwanese society through cross-strait exchanges, and its threats from using “integrated development” to attract Taiwanese businesspeople and youth. President Lai emphasized that in the face of increasingly severe threats, the government will not stop doing its utmost to ensure that our national sovereignty is not infringed upon, and expressed hope that all citizens unite in solidarity to resist being divided. The president also expressed hope that citizens work together to increase media literacy, organize and participate in civic education activities, promptly expose concerted united front efforts, and refuse to participate in any activities that sacrifice national interests. As long as every citizen plays their part toward our nation’s goals for prosperity and security, he said, and as long as we work together, nothing can defeat us. A translation of President Lai’s remarks follows: At many venues recently, a number of citizens have expressed similar concerns to me. They have noticed cases in which members of the military, both active-duty and retired, have been bought out by China, sold intelligence, or even organized armed forces with plans to harm their own nation and its citizens. They have noticed cases in which entertainers willingly followed instructions from Beijing to claim that their country is not a country, all for the sake of personal career interests. They have noticed how messaging used by Chinese state media to stir up internal opposition in Taiwan is always quickly spread by specific channels. There have even been individuals making careers out of helping Chinese state media record united front content, spreading a message that democracy is useless and promoting skepticism toward the United States and the military to sow division and opposition. Many people worry that our country, as well as our hard-won freedom and democracy and the prosperity and progress we achieved together, are being washed away bit by bit due to these united front tactics. In an analysis of China’s united front, renowned strategic scholar Kerry K. Gershaneck expressed that China plans to divide and conquer us through subversion, infiltration, and acquisition of media, and by launching media warfare, psychological warfare, and legal warfare. What they are trying to do is to sow seeds of discord in our society, keep us occupied with internal conflicts, and cause us to ignore the real threat from outside. China’s ambition over the past several decades to annex Taiwan and stamp out the Republic of China has not changed for even a day. It continues to pursue political and military intimidation, and its united front infiltration of Taiwan’s society grows ever more serious. In 2005, China promulgated its so-called “Anti-Secession Law,” which makes using military force to annex Taiwan a national undertaking. Last June, China issued a 22-point set of “guidelines for punishing Taiwan independence separatists,” which regards all those who do not accept that “Taiwan is part of the People’s Republic of China” as targets for punishment, creating excuses to harm the people of Taiwan. China has also recently been distorting United Nations General Assembly Resolution 2758, showing in all aspects China’s increasingly urgent threat against Taiwan’s sovereignty. Lately, China has been taking advantage of democratic Taiwan’s freedom, diversity, and openness to recruit gangs, the media, commentators, political parties, and even active-duty and retired members of the armed forces and police to carry out actions to divide, destroy, and subvert us from within. A report from the National Security Bureau indicates that 64 persons were charged last year with suspicion of spying for China, which was three times the number of persons charged for the same offense in 2021. Among them, the Unionist Party, Rehabilitation Alliance Party, and Republic of China Taiwan Military Government formed treasonous organizations to deploy armed forces for China. In a democratic and free society, such cases are appalling. But this is something that actually exists within Taiwan’s society today. China also actively plots ways to infiltrate and spy on our military. Last year, 28 active-duty and 15 retired members of the armed forces were charged with suspicion of involvement in spying for China, respectively comprising 43 percent and 23 percent of all of such cases – 66 percent in total. We are also alert to the fact that China has recently used widespread issuance of Chinese passports to entice Taiwanese citizens to apply for the Residence Permit for Taiwan Residents, permanent residency, or the Resident Identity Card, in an attempt to muddle Taiwanese people’s sense of national identity. China also views cross-strait exchanges as a channel for its united front against Taiwan, marking enemies in Taiwan internally, creating internal divisions, and weakening our sense of who the enemy really is. It intends to weaken public authority and create the illusion that China is “governing” Taiwan, thereby expanding its influence within Taiwan. We are also aware that China has continued to expand its strategy of integrated development with Taiwan. It employs various methods to demand and coerce Taiwanese businesses to increase their investments in China, entice Taiwanese youth to develop their careers in China, and unscrupulously seeks to poach Taiwan’s talent and steal key technologies. Such methods impact our economic security and greatly increase the risk of our young people heading to China. By its actions, China already satisfies the definition of a “foreign hostile force” as provided in the Anti-Infiltration Act. We have no choice but to take even more proactive measures, which is my purpose in convening this high-level national security meeting today. It is time we adopt proper preventive measures, enhance our democratic resilience and national security, and protect our cherished free and democratic way of life. Next, I will be giving a detailed account of the five major national security and united front threats Taiwan now faces and the 17 major strategies we have prepared in response. I. Responding to China’s threats to our national sovereignty We have a nation insofar as we have sovereignty, and we have the Republic of China insofar as we have Taiwan. Just as I said during my inaugural address last May, and in my National Day address last October: The moment when Taiwan’s first democratically elected president took the oath of office in 1996 sent a message to the international community, that Taiwan is a sovereign, independent, democratic nation. Among people here and in the international community, some call this land the Republic of China, some call it Taiwan, and some, the Republic of China Taiwan. The Republic of China and the People’s Republic of China are not subordinate to each other, and Taiwan resists any annexation or encroachment upon our sovereignty. The future of the Republic of China Taiwan must be decided by its 23 million people. This is the status quo that we must maintain. The broadest consensus in Taiwanese society is that we must defend our sovereignty, uphold our free and democratic way of life, and resolutely oppose annexation of Taiwan by China. (1) I request that the National Security Council (NSC), the Ministry of National Defense (MND), and the administrative team do their utmost to promote the Four Pillars of Peace action plan to demonstrate the people’s broad consensus and firm resolve, consistent across the entirety of our nation, to oppose annexation of Taiwan by China. (2) I request that the NSC and the Ministry of Foreign Affairs draft an action plan that will, through collaboration with our friends and allies, convey to the world our national will and broad social consensus in opposing annexation of Taiwan by China and in countering China’s efforts to erase Taiwan from the international community and downgrade Taiwan’s sovereignty. II. Responding to China’s threats from infiltration and espionage activities targeting our military (1) Comprehensively review and amend our Law of Military Trial to restore the military trial system, allowing military judges to return to the frontline and collaborate with prosecutorial, investigative, and judicial authorities in the handling of criminal cases in which active-duty military personnel are suspected of involvement in such military crimes as sedition, aiding the enemy, leaking confidential information, dereliction of duty, or disobedience. In the future, criminal cases involving active-duty military personnel who are suspected of violating the Criminal Code of the Armed Forces will be tried by a military court. (2) Implement supporting reforms, including the establishment of a personnel management act for military judges and separate organization acts for military courts and military prosecutors’ offices. Once planning and discussion are completed, the MND will fully explain to and communicate with the public to ensure that the restoration of the military trial system gains the trust and full support of society. (3) To deter the various types of controversial rhetoric and behavior exhibited by active-duty as well as retired military personnel that severely damage the morale of our national military, the MND must discuss and propose an addition to the Criminal Code of the Armed Forces on penalties for expressions of loyalty to the enemy as well as revise the regulations for military personnel and their families receiving retirement benefits, so as to uphold military discipline. III. Responding to China’s threats aimed at obscuring the national identity of the people of Taiwan (1) I request that the Ministry of the Interior (MOI), Mainland Affairs Council (MAC), and other relevant agencies, wherever necessary, carry out inspections and management of the documents involving identification that Taiwanese citizens apply for in China, including: passports, ID cards, permanent residence certificates, and residence certificates, especially when the applicants are military personnel, civil servants, or public school educators, who have an obligation of loyalty to Taiwan. This will be done to strictly prevent and deter united front operations, which are performed by China under the guise of “integrated development,” that attempt to distort our people’s national identity. (2) With respect to naturalization and integration of individuals from China, Hong Kong, and Macau into Taiwanese society, more national security considerations must be taken into account while also attending to Taiwan’s social development and individual rights: Chinese nationals applying for permanent residency in Taiwan must, in accordance with the law of Taiwan, relinquish their existing household registration and passport and may not hold dual identity status. As for the systems in place to process individuals from Hong Kong or Macau applying for residency or permanent residency in Taiwan, there will be additional provisions for long-term residency to meet practical needs. IV. Responding to China’s threats from united front infiltration into Taiwanese society through cross-strait exchanges  (1) There are increasing risks involved with travel to China. (From January 1, 2024 to today, the MAC has received reports of 71 Taiwanese nationals who went missing, were detained, interrogated, or imprisoned in China; the number of unreported people who have been subjected to such treatment may be several times that. Of those, three elderly I-Kuan Tao members were detained in China in December of last year and have not yet been released.) In light of this, relevant agencies must raise public awareness of those risks, continue enhancing public communication, and implement various registration systems to reduce the potential for accidents and the risks associated with traveling to China. (2) Implement a disclosure system for exchanges with China involving public officials at all levels of the central and local government. This includes everyone from administrative officials to elected representatives, from legislators to village and neighborhood chiefs, all of whom should make the information related to such exchanges both public and transparent so that they can be accountable to the people. The MOI should also establish a disclosure system for exchanges with China involving public welfare organizations, such as religious groups, in order to prevent China’s interference and united front activities at their outset. (3) Manage the risks associated with individuals from China engaging in exchanges with Taiwan: Review and approval of Chinese individuals coming to Taiwan should be limited to normal cross-strait exchanges and official interactions under the principles of parity and dignity, and relevant factors such as changes in the cross-strait situation should be taken into consideration. Strict restrictions should be placed on Chinese individuals who have histories with the united front coming to Taiwan, and Chinese individuals should be prohibited from coming to Taiwan to conduct activities related in any way to the united front. (4) Political interference from China and the resulting risks to national security should be avoided in cross-strait exchanges. This includes the review and management of religious, cultural, academic, and education exchanges, which should in principle be depoliticized and de-risked so as to simplify people-to-people exchanges and promote healthy and orderly exchanges. (5) To deter the united front tactics of a cultural nature employed by Chinese nationals to undermine Taiwan’s sovereignty, the Executive Yuan must formulate a solution to make our local cultural industries more competitive, including enhanced support and incentives for our film, television, and cultural and creative industries to boost their strengths in democratic cultural creation, raise international competitiveness, and encourage research in Taiwan’s own history and culture. (6) Strengthen guidance and management for entertainers developing their careers in China. The competent authorities should provide entertainers with guidelines on conduct while working in China, and make clear the scope of investigation and response to conduct that endangers national dignity. This will help prevent China from pressuring Taiwanese entertainers to make statements or act in ways that endanger national dignity. (7) The relevant authorities must adopt proactive, effective measures to prevent China from engaging in cognitive warfare against Taiwan or endangering cybersecurity through the internet, applications, AI, and other such tools. (8) To implement these measures, each competent authority must run a comprehensive review of the relevant administrative ordinances, measures, and interpretations, and complete the relevant regulations for legal enforcement. Should there be any shortcomings, the legal framework for national security should be strengthened and amendments to the National Security Act, Anti-Infiltration Act, Act Governing Relations between the People of the Taiwan Area and the Mainland Area, Laws and Regulations Regarding Hong Kong & Macao Affairs, or Cyber Security Management Act should be proposed. Communication with the public should also be increased so that implementation can happen as soon as possible. V. Responding to threats from China using “integrated development” to attract Taiwanese businesspeople and youth (1) I request that the NSC and administrative agencies work together to carry out strategic structural adjustments to the economic and trade relations between Taiwan and China based on the strategies of putting Taiwan first and expanding our global presence while staying rooted in Taiwan. In addition, they should carry out necessary, orderly adjustments to the flow of talent, goods, money, and skills involved in cross-strait economic and trade relations based on the principle of strengthening Taiwan’s foundations to better manage risk. This will help boost economic security and give us more power to respond to China’s economic and trade united front and economic coercion against Taiwan. (2) I request that the Ministry of Education, MAC, Ministry of Economic Affairs, and other relevant agencies work together to comprehensively strengthen young students’ literacy education on China and deepen their understanding of cross-strait exchanges. I also request these agencies to widely publicize mechanisms for employment and entrepreneurship for Taiwan’s youth and provide ample information and assistance so that young students have more confidence in the nation’s future and more actively invest in building up and developing Taiwan. My fellow citizens, this year marks the 80th anniversary of the end of the Second World War. History tells us that any authoritarian act of aggression or annexation will ultimately end in failure. The only way we can safeguard freedom and prevail against authoritarian aggression is through solidarity. As we face increasingly severe threats, the government will not stop doing its utmost to ensure that our national sovereignty is not infringed upon, and to ensure that the freedom, democracy, and way of life of Taiwan’s 23 million people continues on as normal. But relying solely on the power of the government is not enough. What we need even more is for all citizens to stay vigilant and take action. Every citizen stands on the frontline of the defense of democracy and freedom. Here is what we can do together: First, we can increase our media literacy, and refrain from spreading and passing on united front messaging from the Chinese state. Second, we can organize and participate in civic education activities to increase our knowledge about united front operations and build up whole-of-society defense resilience. Third, we can promptly expose concerted united front efforts so that all malicious attempts are difficult to carry out. Fourth, we must refuse to participate in any activities that sacrifice national interests. The vigilance and action of every citizen forms the strongest line of defense against united front infiltration. Only through solidarity can we resist being divided. As long as every citizen plays their part toward our nation’s goals for prosperity and security, and as long as we work together, nothing can defeat us.

    MIL OSI Asia Pacific News

  • MIL-Evening Report: Coalition promises Australian version of United States’ RICO act to target CFMEU

    Source: The Conversation (Au and NZ) – By Michelle Grattan, Professorial Fellow, University of Canberra

    Opposition Leader Peter Dutton has announced a Coalition government would introduce legislation, based on an American law used to pursue the Mafia, to enable police to target the “kingpins” of criminal organisations such as outlaw motorcycle gangs.

    This follows new allegations by Nine newspapers and 60 Minutes about the rogue union the CFMEU. The allegations include “the employment of ‘baseball-twirling violent people’ on the [Victorian government’s] Big Build, where women have been bashed and then black-banned after they complained”.

    The Nine investigation further alleged that “gangland and bikie-linked figures are receiving large payments from companies on publicly funded projects looking to gain favour with union insiders, leaving state and federal taxpayers in effect underwriting payments to the underworld.”

    The Coalition said Monday the proposed new offences would “be based on the highly effective Mafia takedown laws in the US”. Dutton and shadow ministers Michaelia Cash and James Paterson said in a statement:

    By targeting groups that engage in a pattern of criminal behaviour, these offences will put police in the position where they can target the criminal organisation and its leadership.

    This  means the bosses and kingpins of groups such as outlaw motorcycle gangs can be jailed even if they distance themselves from the crimes their organisations commit.

    Dutton described the CFMEU as “a modern-day mafia operation”. He added:

    The culture of criminality and corruption is so entrenched, and it will never change – especially under the weak and incompetent Albanese Labor government.

    Dutton claimed the CFMEU affair was the “biggest corruption scandal in our country’s history”.

    The opposition said it would also set up an Australian Federal Police-led taskforce that would bring together federal law enforcement agencies and state and territory police forces to target criminal behaviour.

    After the latest revelation surfaced in Nine media at the weekend, Workplace Relations Minister Murray Watt said on social media he would refer the allegations to the police.

    On Monday, Watt condemned Dutton’s proposal for a new law.

    We don’t need to import an American racketeering law – we already have our own laws to go after ‘kingpins’, such as section 390.6 of the Criminal Code, which already deals with directing criminal organisation.

    He also condemned the opposition’s long-standing policy to deregister the union, saying this would mean there was no regulation.

    Peter Dutton’s reckless desire for a headline puts at risk the investigations and crime-fighting that the Coalition never bothered to commence in their decade in office.

    Victoria police is undertaking an investigation into the fresh allegations.

    The US Racketeer Influenced and Corrupt Organisations (RICO) Act, dating from 1970, enables prosecutors to take down whole mob-related organisations rather than having only the power to deal with figures individually. It is intended to deal with mob bosses who could not be directly connected to the crimes.

    Its use, however, has extended well beyond mob prosecutions to a range of targets, from street gangs to politicians.

    US President Donald Trump was charged under Georgia’s RICO act for “knowingly and willfully joining a conspiracy to unlawfully change the outcome of the [2020] election”.

    The construction and general division of the CFMEU has been in administration since last August.

    The union’s national secretary, Zach Smith, said on Facebook: “We cannot  let our union or our industry be a safe haven for criminality of corruption”.

    He also said that “violence against women is completely unacceptable to our union”.

    Michelle Grattan does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

    ref. Coalition promises Australian version of United States’ RICO act to target CFMEU – https://theconversation.com/coalition-promises-australian-version-of-united-states-rico-act-to-target-cfmeu-252172

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI New Zealand: Economy – RBNZ supports release of Police’s National Risk Assessment

    Source: Reserve Bank of New Zealand

    17 March 2025 – The Reserve Bank of New Zealand – Te Pūtea Matua welcomes the release of the latest National Risk Assessment (NRA) from Police’s Financial Intelligence Unit. The report assesses threat and sectoral vulnerability, exploring their impact on money laundering and terrorism financing risk and proliferation financing in New Zealand.

    “An effective Anti-Money Laundering and Countering-Financing of Terrorism (AML/CFT) system enhances the economic wellbeing and prosperity for all New Zealanders by safeguarding the integrity of our financial system and keeping it resilient against crime,” RBNZ Manager AML/CFT Supervision Damian Henry says.

    This Assessment outlines the significant criminal behaviours generating illicit income that threatens New Zealand’s financial system. It also assesses and identifies the vulnerabilities within our financial system that criminals are taking advantage of when they launder proceeds of crime.

    “The release of the NRA is a trigger for reporting entities to review and update their respective risk assessments accordingly. We encourage them all to review the report,” Mr Henry says.

    This NRA identifies that fraud-related crime, drug crime and transnational money laundering are the highest threat, with fraud accelerating and seeing both ‘defrauding’ and the subsequent ‘laundering’ occurring within the financial system.

    This means the banking sector remains highly vulnerable to money laundering, along with any sector that offers services and products enabling movement of proceeds out of or into New Zealand.

    “The NRA is a key document for New Zealand’s AML/CFT system as a clear understanding of risk strengthens our system’s resilience, enabling direct responses and maximising the benefits of security for both our financial sector and communities,” Mr Henry says.
     

    More information

    Read the 2024 National Risk Assessment : https://govt.us20.list-manage.com/track/click?u=bd316aa7ee4f5679c56377819&id=6e23c63d40&e=f3c68946f8

    MIL OSI New Zealand News

  • MIL-OSI Australia: Man charged with trafficking following vehicle search

    Source: Tasmania Police

    Man charged with trafficking following vehicle search

    Monday, 17 March 2025 – 10:39 am.

    A man has been charged with trafficking after police seized quantities of methamphetamine and MDMA during a vehicle search on Friday evening.
    Police from Central North intercepted the vehicle on Mole Creek Road just before 7.30pm, locating and seizing the drugs as well as ammunition and a stolen firearm part.
    During a subsequent search of a private residence at Gravelly Beach, members of Central North, Northern Criminal Investigation Division and Launceston Uniform located and seized further quantities of MDMA, further ammunition, and two firearm silencers.
    A 26-year-old Gravelly Beach man was arrested and charged with trafficking, firearms offences and minor drug offences.
    He will appear in the Launceston Magistrates Court in May.

    MIL OSI News

  • MIL-OSI USA: Governor Mike Kehoe Provides Update on Missouri’s Storm Response and Recovery Efforts

    Source: US State of Missouri

    MARCH 16, 2025

     — Today, Governor Mike Kehoe provided an update on Missouri’s recovery efforts following the devastating tornadoes that struck on March 14, leaving widespread destruction across 27 counties.

    The storm has resulted in 12 confirmed fatalities, with one person still missing. Hundreds of homes, schools, and businesses have been either destroyed or severely damaged. At the height of the storm, more than 140,000 homes and businesses were without power, and 101 roads were closed due to debris, flooding, and structural damage. While significant progress has been made, approximately 47,000 customers remain without power as crews continue restoration efforts. The State Emergency Management Agency (SEMA) also had reports of over 130 wildland fires on Friday, some of which damaged homes and structures.

    “The scale of devastation across our state is staggering,” said Governor Kehoe. “While we grieve the lives of those lost, we are also focused on action—getting power restored, clearing debris, and ensuring our communities have the resources they need to recover. The strength and resilience of Missourians are already on display, and we will be with them every step of the way.”

    Ahead of the storm on Friday, Governor Kehoe issued a State of Emergency declaration, which allowed first responders, road crews, and emergency management officials to move quickly. The Missouri’s State Emergency Operations Plan remains in effect.

    • Damage Assessments and Federal Support: SEMA regional coordinators continue working swiftly with local emergency managers to make initial damage assessments in preparation for a federal major disaster declaration request. To expedite the process, SEMA has shifted additional regional coordinators into the most heavily impacted areas of the state. SEMA staff are coordinating resource requests from local emergency managers for needed supplies, materials, and support services with sheltering, debris clearance, damage assessments, and other needs.
    • White House Coordination: Governor Kehoe has been in direct contact with the White House and Federal Emergency Management Agency (FEMA) officials, who have assured him they are closely monitoring the situation and are ready to assist as soon as Missouri request is submitted.

    Governor Kehoe and state officials spent yesterday surveying some of the hardest-hit areas, including Wayne, Butler, and Jefferson counties. Wayne County alone saw six of the 12 reported fatalities, underscoring the storm’s devastating impact.

    All levels of government are fully engaged, and recovery efforts continue across the state.

    • The Missouri State Highway Patrol (MSHP) and Missouri Department of Transportation (MODOT) crews have all been deployed to clear debris, reopen roadways, and ensure the safety of Missourians across all affected counties.
    • Utility companies, including investor-owned, municipal, and cooperative providers, are working around the clock to restore power.
    • Emergency shelters remain open in impacted areas, offering food, medical support, and temporary housing for displaced residents.

    SEMA also continues to coordinate with volunteer and faith-based partners to identify needs and assist residents over the coming days and weeks. The American Red Cross of Missouri has opened shelters at the following locations for individuals and families that have been displaced or otherwise impacted:

    • Franklin County: Moose Lodge | 905 Highway 50, Union, MO 63084
    • Howell County: First United Methodist Church | 503 W Main St., West Plains, MO 65775
    • Jefferson County: St. David’s Catholic Church | 2334 Tenbrook Rd., Arnold, MO 63010
    • Phelps County: First Baptist Church | 801 N Cedar St., Rolla, MO 65401
    • Louis County: North County Rec Plex | 2577 Redman Avenue, St Louis MO 63136

    Residents who have experienced damage to their homes, cars and property should contact their insurance company and document damage with photographs. Missourians with unmet needs are encouraged to contact United Way by dialing 2-1-1 or the American Red Cross at 1-800-733-2767.

    ###

    MIL OSI USA News

  • MIL-OSI New Zealand: Advocate Argues for Methamphetamine Treatment Introduction

    Source: Press Release Service – Press Release/Statement:

    Headline: Advocate Argues for Methamphetamine Treatment Introduction

    Jas Brosnan, a passionate advocate for marginalised communities, has submitted a groundbreaking proposal to the Law Commission, aiming to revolutionise methamphetamine addiction treatment in New Zealand. This evidence-based approach, modelled after the success of opioid replacement therapy, proposes legal access to prescription stimulants like Desoxyn and Vyvanse to mitigate addiction’s harmful effects.

    The post Advocate Argues for Methamphetamine Treatment Introduction first appeared on PR.co.nz.

    – –

    MIL OSI New Zealand News

  • MIL-OSI Australia: Update – Death of man at North Adelaide

    Source: South Australia Police

    Police are investigating the death of a man at North Adelaide this morning.

    About 7.45am on Sunday 16 March, police and paramedics responded to reports of a man collapsed on a walking path within Brougham Gardens between Brougham Place and King William Road.

    A 54-year-old man from Marden was found unresponsive when police arrived.

    Paramedics commenced CPR at the scene before he was rushed to hospital but sadly, the man died.

    Eastern District Detectives are investigating the circumstances surrounding the man’s death with assistance of Major Crime officers and Forensic Response.

    A postmortem is expected to be carried out tomorrow.

    Anyone who was in the vicinity of O’Connell Street or Brougham Gardens between 6am and 8am this morning is asked to contact police.

    Anyone with information on the incident is asked to contact Crime Stoppers at www.crimestoppersssa.com.au or on 1800 333 000. You can remain anonymous.

    MIL OSI News

  • MIL-Evening Report: Former Filipino Duterte’s arrest by the ICC – 20 journalists killed during his presidency

    Pacific Media Watch

    Paris-based global media freedom watchdog Reporters Without Borders (RSF) has recalled that 20 journalists were killed during the six-year Philippines presidency of Rodrigo Duterte, a regime marked by fierce repression of the press.

    Former president Duterte was arrested earlier this week as part of an International Criminal Court investigation into crimes against humanity linked to his merciless war on drugs. He is now in The Hague awaiting trial.

    The watchdog has called on the administration of current President Ferdinand Marcos Jr to take strong measures to fully restore the country’s press freedom and combat impunity for the crimes against media committed by Duterte’s regime.

    “Just because you’re a journalist you are not exempted from assassination, if you’re a son of a bitch,” Rodrigo Duterte said in his inauguration speech on 30 June 2016, which set the tone for the rest of his mandate — unrestrained violence against journalists and total disregard for press freedom, said RSF in a statement.

    During the Duterte regime’s rule, RSF recorded 20 cases of journalists killed while working.

    Among them was Jesus Yutrago Malabanan, shot dead after covering Rodrigo Duterte’s drug war for Reuters.

    Online harassment surged, particularly targeting women journalists.

    Maria Ressa troll target
    The most prominent victim was Maria Ressa, Nobel Peace Prize laureate and founder of the news site Rappler, who faced an orchestrated hate campaign led by troll armies allied with the government in response to her commitment to exposing the then-president’s bloody war.

    Media outlets critical of President Duterte’s authoritarian excesses were systematically muzzled: the country’s leading television network, ABS-CBN, was forced to shut down; Rappler and Maria Ressa faced repeated lawsuits; and a businessman close to the president took over the country’s leading newspaper, the Philippine Daily Inquirer, raising concerns over its editorial independence.

    “The arrest of Rodrigo Duterte is good news for the Filipino journalism community, who were the direct targets of his campaign of terror,” said RSF’s Asia-Pacific bureau director Cédric Alviani.

    RSF’s Asia-Pacific bureau director Cédric Alviani . . . “the Filipino journalism community were the direct targets of [former president Rodrigo Duterte]’s campaign of terror.” Image: RSF

    “President Marcos and his administration must immediately investigate Duterte’s past crimes and take strong measures to fully restore the country’s press freedom.”

    The repression carried out during Duterte’s tenure continues to impact on Filipino journalism: investigative journalist Frenchie Mae Cumpio has been languishing in prison since her arrest in 2020, still awaiting a verdict in her trial for “financing terrorism” and “illegal possession of firearms” — trumped-up charges that could see her sentenced to 40 years in prison.

    With 147 journalists murdered since the restoration of democracy in 1986, the Philippines remains one of the deadliest countries for media workers.

    The republic ranked 134th out of 180 in the 2024 RSF World Press Freedom Index.

    Source report from Reporters Without Borders. Pacific Media Watch collaborates with RSF.

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI Australia: Death of man at North Adelaide

    Source: South Australia Police

    Police are investigating the death of a man at North Adelaide this morning.

    About 7.45am on Sunday 16 March, police and paramedics responded to reports of a man collapsed on a walking path between Brougham Place and King William Road.

    The man was unresponsive when police arrived.

    Paramedics commenced CPR at the scene and was then rushed to hospital but sadly, the man died.

    Eastern District Detectives are investigating the circumstances surrounding the man’s death.

    Police are asking anyone who was in the area early this morning and noticed anything suspicious to contact Crime Stoppers at www.crimestoppersssa.com.au or on 1800 333 000. You can remain anonymous.

    MIL OSI News

  • MIL-OSI Security: Guilty Plea in Sale of Fentanyl that Resulted in Deaths of Two Northwest D.C. Men

    Source: United States Bureau of Alcohol Tobacco Firearms and Explosives (ATF)

                WASHINGTON – Jevaughn Mark, 33, of Washington D.C., pleaded guilty today in connection with a conspiracy that distributed large amounts of fentanyl and cocaine in the metropolitan area, and included the sale of fentanyl that resulted in the December 2023 deaths of two District men.

                Mark, aka “Ledo,” pleaded guilty to conspiracy to distribute 40 grams or more of fentanyl and 500 grams or more of cocaine, and to unlawful possession of a firearm by a felon. before U.S. District Court Judge Tanya S. Chutkan. Sentencing is scheduled for June 13, 2025.

                The plea was announced by U.S. Attorney Edward R. Martin, Jr., Drug Enforcement Administration (DEA) Special Agent in Charge Ibrar A. Mian of the Washington Division, and Chief Pamela A. Smith of the Metropolitan Police Department (MPD).

                Mark had been charged with eight counts of unlawful distribution (of fentanyl, cocaine, and heroin) and distributing 40 grams or more of fentanyl between January 10, 2024, and March 13, 2024. The charges stemmed from six controlled purchases in which undercover DEA and MPD taskforce officers (UC-DEA/MPD) contacted Mark and purchased narcotics. In each instance, the UC-DEA/MPD agents requested to buy “Special K” or ketamine. In every instance, he supplied a mixture of fentanyl and other substances, including heroin, but not ketamine.

                After obtaining an indictment, law enforcement executed a search warrant at Mark’s primary residence and recovered two firearms, cocaine, fentanyl, about $38,000 in cash, body armor vests, and drug trafficking paraphernalia.

                On June 13, 2024, Jevaughn Mark was charged in a second superseding indictment in connection with distributing fentanyl and cocaine on December 26, 2023, that resulted in the deaths of two men, Brandon Román and Robert Barletta, at their home in Northwest Washington. Pursuant to the plea agreement, Mark admitted to causing the death of both individuals by selling “ketamine” (which was actually fentanyl) to one victim who shared the drugs with the other victim. Both men were found unresponsive the day after Mark sold them the “ketamine.” 

                The case is being investigated by the DEA’s Washington Division and the Metropolitan Police Department. It is being prosecuted by Assistant U.S. Attorneys Iris McCranie and Dan Seidel, of the Violence Reduction and Trafficking Offenses (VRTO) section.

    24cr143

    MIL Security OSI

  • MIL-OSI Australia: GLENORCHY MAN CHARGED WITH MULTIPLE THEFTS

    Source: Tasmania Police

    GLENORCHY MAN CHARGED WITH MULTIPLE THEFTS

    Sunday, 16 March 2025 – 8:48 am.

    Taskforce Saturate have arrested and charged a 31-year-old Glenorchy man with 19 thefts across the greater Hobart area.
    The arrest on Saturday occurred as a result of a targeted operation over several weeks. He has also been charged with multiple breaches of bail and failing to appear in Court.
    The thefts were committed over a three-month period, and consisted primarily of electric scooters, electric bicycles, and bicycles that were secured in areas accessible to the public.
    The total value of the property stolen is just under $60,000.
    Taskforce Saturate has located a quantity of stolen property as a result of the investigation and resultant search yesterday and will be conducting further enquiries regarding ownership.
    The man was detained and will appear in the Hobart Magistrates Court today.
    Anyone with information is asked to contact police on 131 444 or Crime Stoppers on 1800 333 000 or at crimestopperstas.com.au. Information can be provided anonymously.

    MIL OSI News

  • MIL-OSI USA: DHS Launches International Ad Campaign Warning Illegal Aliens to Self-Deport and Stay Out

    Source: US Federal Emergency Management Agency

    Headline: DHS Launches International Ad Campaign Warning Illegal Aliens to Self-Deport and Stay Out

    lass=”text-align-center”>“Under President Trump, America’s borders are closed to lawbreakers

    ” – Secretary Noem  
    WASHINGTON – Today, the Department of Homeland Security is launching its international, multimillion-dollar ad campaign warning illegal aliens to not to come to America and break its laws or they will be hunted down and deported

      
    This series of ads will run on radio, broadcast, and digital, in multiple countries and regions in various dialects

    Ads will be hyper-targeted, including through social media, text message and digital to reach international audiences

     
    “Thank you, President Donald J

    Trump, for securing our border and putting America first

    President Trump has a clear message: if you are here illegally, we will find you and deport you

    You will never return

    But if you leave now, you may have an opportunity to return and enjoy our freedom and live the American Dream,” said Secretary Kristi Noem

    “If you are a criminal alien considering entering America illegally: Don’t even think about it

      If you come here and break our laws, we will hunt you down

    Criminals are not welcome in the United States

    ” 
    Watch ad here

    MIL OSI USA News

  • MIL-OSI USA: Governor Newsom announces appointments 3.14.25

    Source: US State of California 2

    Mar 14, 2025

    SACRAMENTO – Governor Gavin Newsom today announced the following appointments:

    Janessa Goldbeck, of San Diego, has been appointed to the California Veterans Board. Goldbeck has been the Chief Executive Officer of Vet Voice Foundation since 2022 and the Principal of Sui Generis Strategies since 2017. She was a Captain in the United States Marine Corps from 2012 to 2019. Goldbeck was the National Field Director at Genocide Intervention Network from 2007 to 2011. She is a board member of the San Diego LGBT Community Center and Equality California. Goldbeck is a member of the San Diego Rotary Club 33 and the Truman National Security Project. She earned a Master of the Arts degree in Public Leadership from the University of San Francisco, and a Bachelor of Science degree in Journalism from Northwestern University. This position requires Senate confirmation, and the compensation is $100 per diem. Goldbeck is a Democrat. 

    Courtney Welch, of Emeryville, has been appointed to the California Housing Partnership Corporation. Welch has been the Director of External Affairs of the California Housing Defense Fund since 2023 and a City Councilmember of the City of Emeryville since 2021. She held multiple roles at the City of Emeryville from 2022 to 2024, including Mayor and Vice-Mayor. She was the Director of Planning and Investigation at the California Housing Defense Fund from 2022 to 2023. She was the Director of Policy and Communications of the Bay Area Community Land Trust from 2021 to 2022. Welch was a Continuum of Care Specialist at EveryOne Home from 2020 to 2021. She was an Affordable Housing Program Coordinator at HomeownershipSF from 2018 to 2020. Welch is a member of the Alameda County Housing and Community Development Advisory Board, and the Children’s Hospital Consumer Advisory Board. She studied General Studies at Hampton University. This position requires Senate confirmation, and there is no compensation. Welch is a Democrat. 

    Indira Cameron-Banks, of Los Angeles, has been appointed to the Civil Rights Council. Cameron-Banks has been a Founding Partner of Cameron Banks Law, Cameron Jones LLP since 2021. She was Director at the Lawyers Preventing and Ending Homelessness Project, Inner City Law Center from 2020 to 2021. Cameron-Banks held multiple positions at the United States Attorneys’ Office for the Central District of California from 2007 to 2020, including Assistant United States Attorney, Special Counsel to the United States Attorney, and Chief of Financial Litigation Section. She is a member of the Social and Economic Policy Advisory Board for the RAND Corporation. Cameron-Banks earned her Juris Doctor degree from Boston University and her Bachelor of the Arts degree from the University of Chicago. This position requires Senate confirmation, and the compensation is $100 per diem. Cameron-Banks is a Democrat.

    Ricardo Sanchez, of Hollister, has been appointed to the California State Board of Pharmacy. Sanchez has been an Investigator at the California Department of Motor Vehicles since 1989. He is the Chief Financial Officer for the California Statewide Law Enforcement Association and a Member of the San Benito Masonic Temple #211, Order of Eastern Star, Athena #46, California Mexican American Veteran Memorial Beautification and Enhancement Committee and El Solado Latino. Sanchez earned a Bachelor of Arts degree in Criminal Justice from Union Institute and University. This position does not require Senate confirmation, and the compensation is $100 per diem. Sanchez is a Democrat. 

    Press Releases, Recent News

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    News SACRAMENTO – Governor Gavin Newsom today announced the following appointments:Andrew King, of Sacramento, has been appointed Deputy Director of Data Operations Strategy at the Office of Data and Innovation. King has been Manager of the Data Operations Section at…

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    MIL OSI USA News

  • MIL-OSI NGOs: Philippines: Duterte’s appearance at ICC a symbolic moment for ‘war on drugs’ victims

    Source: Amnesty International –

    Responding to former Philippines President Rodrigo Duterte’s scheduled first appearance at the International Criminal Court, Amnesty International’s Southeast Asia Researcher Rachel Chhoa-Howard said:

    “Rodrigo Duterte’s appearance at the International Criminal Court is a sight families of the thousands of victims of the ‘war on drugs’ in the Philippines feared they would never see. Today shows that those accused of committing the worst crimes may one day face their day in court, regardless of their position.

    “The very institution that former President Duterte mocked will now try him for murder as a crime against humanity. This is a symbolic moment and a day of hope for families of victims and human rights defenders who have for years fought tirelessly for justice despite grave risks to their lives and safety.

    “The Court must ensure that this process plays out with full transparency, including for people following it in the Philippines. It must also ensure that victims, witnesses and their relatives and representatives are fully supported and protected and can effectively participate in the proceedings.

    “Accountability must not stop here – the Philippines government must rejoin the ICC and cooperate fully with the court in this case. It must also initiate long overdue investigations of its own and, where there is evidence, ensure fair trials and prosecutions for all those suspected to be responsible for violations, regardless of their rank or status.”

    MIL OSI NGO

  • MIL-OSI Europe: Text adopted – Severe political, humanitarian and human rights crisis in Sudan, in particular the sexual violence and child rape – P10_TA(2025)0037 – Thursday, 13 March 2025 – Strasbourg

    Source: European Parliament

    The European Parliament,

    –  having regard to its previous resolutions on Sudan,

    –  having regard to Rules 150(5) and 136(4) of its Rules of Procedure,

    A.  whereas the conflict between the Sudanese Armed Forces (SAF) and the Rapid Support Forces (RSF) has continued since April 2023, with both parties fighting for control of Sudan and its resources;

    B.  whereas the conflict has forcibly displaced 13 million people; whereas nearly two thirds of Sudan’s population, including 16 million children, is in dire need of humanitarian assistance, while the healthcare system has largely collapsed; whereas humanitarian aid is being obstructed, exacerbating food insecurity, malnutrition and the spread of disease;

    C.  whereas UNICEF reports that rape as a weapon of war has become shockingly commonplace, with children particularly at risk, and that approximately 12,1 million people are at risk of gender-based violence, including rape and forced marriage; whereas since the beginning of 2024, 221 cases of child rape have been reported;

    1.  Calls on all parties to immediately cease hostilities, seek a negotiated solution and fulfil their Jeddah Declaration commitments;

    2.  Underlines the urgent need for equitable access to humanitarian relief for civilians; calls on all parties to ensure safe, timely and unhindered access to humanitarian actors, including the World Food Programme;

    3.  Strongly condemns the indiscriminate attacks on civilians and widespread sexual violence against women and children committed by both the SAF and RSF; urges all parties to stop these horrendous acts and war crimes, including child rape; emphasises the need for supports for survivors, including healthcare, treatment and psychosocial support, and sexual and reproductive healthcare services; demands that the perpetrators are held accountable;

    4.  Urges Sudanese authorities and all warring factions to respect international humanitarian law and cease recruiting and using child soldiers;

    5.  Urges the Council to adopt targeted measures and sanctions on entities and commanders responsible for serious human rights violations, including Abdel Rahim Hamdan Dagalo, Mohamed Hamdan ‘Hemedti’ Dagalo and Abu Aqla Keikel;

    6.  Urges the Council and the Commission to take action against all actors violating the UN arms embargo on Darfur, and to support its expansion to cover all of Sudan;

    7.  Urges the EU and its Member States to support the International Criminal Court’s investigation into genocide, war crimes and crimes against humanity in Darfur, and to support the work of the UN Fact-Finding Mission on Sudan, including its full access to the country; encourages the UN, the African Union and other regional organisations to support the deployment of a robust mission to protect civilians, monitor human rights and investigate sexual violence;

    8.  Calls for the EU and its Member States to increase humanitarian aid to Sudan and neighbouring countries, fund supports for survivors of sexual violence, and continue funding local resilience and protection programmes, ensuring women’s and children’s rights and gender equality;

    9.  Instructs its President to forward this resolution to the Council, the Commission, the VP/HR, the Sudanese authorities, the African Union, the Secretary-General of the United Nations and the Pan-African Parliament.

    MIL OSI Europe News

  • MIL-OSI Europe: Text adopted – Unlawful detention and sham trials of Armenian hostages, including high-ranking political representatives from Nagorno-Karabakh, by Azerbaijan – P10_TA(2025)0038 – Thursday, 13 March 2025 – Strasbourg

    Source: European Parliament

    The European Parliament,

    –  having regard to its previous resolutions on Armenia and Azerbaijan,

    –  having regard to Rules 150(5) and 136(4) of its Rules of Procedure,

    A.  whereas 23 Armenian hostages are being detained in Azerbaijan, including former de facto Nagorno-Karabakh officials and prisoners of war from the 2020 war and the ethnic cleansing that followed; whereas they are undergoing sham trials and facing serious charges that could result in illegal life imprisonment sentences;

    B.  whereas these hostages are being subjected to inhumane and degrading treatment, including through banned psychoactive methods; whereas their rights are not respected, including access to independent attorneys and interpreters and the possibility to appeal, receive family visits and be granted suspensions on health grounds; whereas this constitutes a systematic violation by Azerbaijan of international obligations regarding the treatment of prisoners;

    1.  Condemns the unjust detention of the Armenian hostages; demands their immediate and unconditional release;

    2.  Strongly denounces the ongoing sham trials and systematic violations of the fundamental rights of Armenian hostages, and calls on Azerbaijan to fully respect their right to a fair trial and to have access to medical doctors in compliance with international standards; expects an independent investigation into their ill-treatment;

    3.  Expresses deep concern at the order by the authorities in Baku to close the offices of the ICRC and UN agencies, hindering both support for the Armenian prisoners and humanitarian oversight, and calls on the authorities to review their position;

    4.  Calls for the EU and Member States’ embassies in Azerbaijan to observe the trials and regularly visit all Armenian hostages; calls on the VP/HR and the EU Special Representative for Human Rights to visit them;

    5.  Calls for sanctions under the Global Human Rights Sanctions Regime against all Azerbaijani leaders and officials committing human rights violations, in particular prosecutors and judges Jamal Ramazanov, Anar Rzayev and Zeynal Agayev;

    6.  Calls on the International Criminal Court to investigate cases of the forced displacement, persecution and ethnic cleansing of the Armenian population of Nagorno-Karabakh; calls for the full implementation of all orders issued by the International Court of Justice, including Azerbaijan’s obligation to protect from violence and bodily harm all persons captured in relation to the 2020 war;

    7.  Reiterates its strong call to suspend the 2022 EU-Azerbaijan memorandum of understanding on a strategic partnership in the field of energy; insists that any future partnership agreement between the EU and Azerbaijan be conditional on the release of all political prisoners, the improvement of the human rights situation in the country and on Azerbaijan not unduly delaying the signing of a peace agreement with Armenia and its respecting the rights of Nagorno-Karabakh Armenians, including the right to return;

    8.  Instructs its President to forward this resolution to the Council, the Commission, the VP/HR, the Member States and the Presidents, Governments and parliaments of Armenia and Azerbaijan.

    MIL OSI Europe News

  • MIL-OSI Europe: Text adopted – Democracy and human rights in Thailand, notably the lese-majesty law and the deportation of Uyghur refugees – P10_TA(2025)0036 – Thursday, 13 March 2025 – Strasbourg

    Source: European Parliament

    The European Parliament,

    –  having regard to Rules 150(5) and 136(4) of its Rules of Procedure,

    A.  whereas on 27 February 2025, the Thai authorities violated international law by deporting at least 40 Uyghur refugees to China, where they risk arbitrary detention, torture and serious human rights violations; whereas other safe countries had offered to resettle the Uyghur refugees;

    B.  whereas prior to their deportation, these individuals were detained in Thai immigration centres for over a decade, where at least five Uyghurs, including minors, reportedly died due to inhumane conditions;

    C.  whereas Thailand’s lese-majesty provisions, under Article 112 of its Criminal Code, are among the strictest in the world and are not in line with Thailand’s obligations under the ICCPR;

    D.  whereas, since 2020, over 1 960 pro-democracy activists, human rights defenders and journalists, including over 280 minors, have been indicted or condemned for their opinions under repressive laws that curb freedom of expression, including the lese-majesty law, the Sedition Act, the Public Assembly Act and the Computer Crimes Act; whereas prominent activists, including Arnon Nampa, Mongkhon Thirakhot and Anchan Preelert, were sentenced to disproportionately long prison terms for peacefully criticising the monarchy, with some facing up to 50 years’ imprisonment;

    E.  whereas the Constitutional Court has dissolved the largest party and 44 of its MPs have been indicted for proposing amendments to the lese-majesty law, facing potential lifetime bans from politics; whereas several MPs, including Piyarat Chongthep, Rakchanok Srinok and Chonthicha Jangrew, are being prosecuted for their political activities and statements;

    1.  Condemns the deportation of Uyghur refugees to China; calls on the Thai authorities to immediately halt any further forced returns of refugees, asylum seekers and political dissidents to countries where their lives are at risk;

    2.  Urges the Thai Government to grant the UNHCR unrestricted access to all detained Uyghur asylum seekers and provide transparent information on their status;

    3.  Calls on China to respect the fundamental rights of the deported Uyghurs, ensure transparency about their whereabouts, grant the UNHCR access to them and release those detained;

    4.  Calls on Thailand to ratify the 1951 Refugee Convention and the 1967 Protocol thereto and to implement a transparent, fair and humane asylum system;

    5.  Stresses that Thailand is an important EU partner; encourages Thailand to strengthen its institutions in line with democratic principles and international human rights standards; calls on the government to amend or repeal Article 112 and other repressive laws to guarantee the right to freedom of expression, peaceful assembly and political participation;

    6.  Demands that amnesty be granted to all MPs and activists prosecuted or imprisoned under lese-majesty provisions and other repressive laws;

    7.  Calls on the Commission to leverage FTA negotiations to press Thailand to reform repressive laws, particularly the lese-majesty law, release political prisoners, halt the deportation of Uyghur refugees and ratify all core ILO conventions; calls on the Member States to suspend extradition treaties with the PRC;

    8.  Instructs its President to forward this resolution to the Council, the Commission and the Thai and Chinese authorities.

    MIL OSI Europe News

  • MIL-OSI United Nations: Experts of the Committee on the Rights of Persons with Disabilities Commend Palau on Project for Accessible Homes, Raise Questions on Accessible Public Transport and Persons with Disabilities in Emergency Situations

    Source: United Nations – Geneva

    The Committee on the Rights of Persons with Disabilities today concluded its review of the initial report of Palau, with Committee Experts commending the State on a project focused on making homes for the elderly more accessible, while raising questions on the accessibility of public transport, and how persons with disabilities were included in the response to emergency situations.

    A Committee Expert welcomed the financial measures and information provided on the project which aimed to make homes for the elderly accessible in Palau. 

    Another Committee Expert congratulated Palau for its commitment to the area of accessibility and desire to create a more inclusive society.  However, concerns persisted, including the lack of accessible public transport. What measures had been taken to ensure free access to information for different types of disability?  An Expert asked what steps were being taken to facilitate the transportation and movement of persons with disabilities?  Another Expert asked if accessibility requirements were included throughout the purchase of public infrastructure? 

    Gerel Dondovdorj, Committee Expert and Coordinator of the Taskforce for Palau, asked if the State party had reviewed national legislation related to the situation of risk and humanitarian emergency, including the national disaster risk framework, to include the safety and protection of persons with disabilities?  Could information on mechanisms of early warning for persons with disabilities be provided?  Did the State party have existing mechanisms to ensure the participation of persons with disabilities in the planning, designing and implementation of activities relating to emergency situations? 

    The delegation said unfortunately, public transport in general was underdeveloped in Palau, and had only begun around two years ago, with a small number of buses with a limited route. Unfortunately, the buses being used were currently not accessible to persons with disabilities, and it was up to the families to take care of the transport of their family members and children with special needs.  The State had purchased vehicles, including a van that was disability equipped, which currently was only available by request.  The question was whether all public transport needed to be accessible, or due to numbers should it just be a specific programme with enough equipment catered to the needs of the population? 

    The delegation said at this time, the Government had not currently conducted a review of the national disaster risk framework legislation.  However, there were regular reviews, post-disaster, to determine gaps in emergency preparedness and disaster reduction.  Palau had the National Emergency Management Office, governed by the National Emergency Committee, comprised of all government agencies and civil society, including the Palau Red Cross.  All emergency preparedness and disaster response were coordinated through the Committee. 

    Being a small community, Palau could identify people individually and had a database on people’s specific needs. This knowledge was incorporated into exercises and drills.  Community health workers assisted during disasters to ensure everyone had equal access to shelters. 

    Introducing the report, Jeffrey Antol, Director, Bureau of Foreign Affairs and Trade, Ministry of State of Palau and head of the delegation, said while Palau faced unique challenges, from geographical and resource limitations to the increasing impact of climate change, these only reinforced the determination to advance the rights of persons with disabilities and build a more inclusive society.  One of Palau’s most significant milestones was the enactment of RPPL 11-36 in September 2024, a landmark piece of legislation that established a Coordinating Committee on Persons with Disabilities and an Office of Persons with Disabilities. 

    In closing remarks, Mr. Antol extended appreciation to the Committee and all those who had contributed to the dialogue. Palau firmly believed that inclusion was not merely a policy goal, but a fundamental human right.  The enactment of the persons with disabilities act and the development of the national disability inclusive policy marked significant milestones in the journey towards full alignment with the Convention. 

    Gertrude Oforiwa Fefoame, Committee Expert and Taskforce Member for Palau, thanked the members of the delegation of Palau for their presence and the open dialogue with the Committee. The State was commended for its commitment in working towards the implementation of the Convention.  From the goodwill expressed by the delegation, it was expected that the State would proactively ensure the implementation of the Committee’s recommendations.   

    The delegation of Palau was comprised of representatives from the Ministry of State; the Ministry of Health and Human Services; the Office of the President; and the Permanent Mission of Palau to the United Nations Office at Geneva. 

    Summaries of the public meetings of the Committee can be found here, while webcasts of the public meetings can be found here. The programme of work of the Committee’s thirty-second session and other documents related to the session can be found here.

    The Committee will next meet in public at 10. a.m. on Thursday, 20 March, to hold a day of general discussion on article 29 of the Convention on participation in political and public life. 

    Report

    The Committee has before it the initial report of Palau (CRPD/C/PLW/1).

    Presentation of Report

    GAAFAR J. UHERBELAU, Special Advisor to the President of Palau, introduced the delegation of Palau. 

     

    JEFFREY ANTOL, Director, Bureau of Foreign Affairs and Trade, Ministry of State of Palau and head of the delegation, said while Palau faced unique challenges, from geographical and resource limitations to the increasing impact of climate change, these only reinforced the determination to advance the rights of persons with disabilities and build a more inclusive society. 

    One of Palau’s most significant milestones was the enactment of RPPL 11-36 in September 2024, a landmark piece of legislation that established a Coordinating Committee on Persons with Disabilities and an Office of Persons with Disabilities.  This legislation addressed critical gaps in disability governance, with key provisions that included the development of a new national policy on persons with disabilities; the establishment of sustainable funding mechanisms through the allocation of annual tax revenues from alcohol, cigarettes, and tobacco products to support disability programmes and services; and a multi-stakeholder governance structure, ensuring the active participation of government agencies, civil society organizations, the private sector, and persons with disabilities. 

    Palau had taken major steps towards accessibility in recent years, including conducting access audits for schools, public buildings, and parks, leading to infrastructure improvements, including accessible ramps and parking.  The Ngermalk Accessibility Ramp and Airai Accessibility Ramp project set new standards for inclusive design, enabling inclusive access to the sea waters and leisure. RPPL No. 11-11, enacted in September 2021, established the Palau severely disabled assistance fund and child raising subsidy, now supporting 186 children and elderly persons with disabilities. The child raising subsidy provided financial assistance to parents and legal guardians for the costs of raising a Palauan citizen child under the age of 18 who resided full-time with the applicant in Palau.  The meal programme provided nutritious meals to support Palauan citizens aged 55 and older, homebound individuals, and adults with special healthcare needs residing in Palau. 

    To enhance inclusive education, 22 teachers had been trained in assistive technologies to support students with disabilities.  Access to individualised education programmes was expanded to provide tailored learning support. 

    However, the State needed to do more to bridge the gap in specialised learning resources, inclusive curricula, and teacher training.  Palau’s workforce innovation and opportunity act trained persons with disabilities, including women with disabilities, and empowered them to access the job market. Entrepreneurship programmes were being expanded to provide persons with disabilities with opportunities to create and manage their businesses.

    Women and girls with disabilities experienced two to three times the level of gender-based violence compared to those without disabilities.  To address this, the revised national gender mainstreaming policy would integrate disability-specific protections, including targeted legal amendments, training law enforcement and service providers, and expanding access to shelters and psychosocial support services.  Palau’s national gender mainstreaming policy was undergoing revision to fully integrate disability perspectives. 

    As a climate-vulnerable nation, Palau understood the critical importance of disability-inclusive disaster risk reduction.  In September 2024, the guidelines on disability inclusive disaster risk reduction were launched, ensuring accessible emergency shelters with ramps, assistive devices, and trained staff; early warning systems adapted for persons with sensory disabilities; and community engagement programmes to ensure that persons with disabilities were active participants in disaster preparedness planning.

    While Palau had made significant progress, challenges remained.  Data collection efforts were being expanded to disaggregate statistics by gender and disability, ensuring targeted interventions that addressed the unique vulnerabilities of women, girls, and children with disabilities.  Palau was also working towards accessible voting procedures, ensuring that persons with disabilities could exercise their right to vote independently.  It was also promoting representation in Government advisory bodies.  Mr. Antol reaffirmed Palau’s commitment to working closely with development partners, United Nations agencies, civil society organizations, the private sector, and persons with disabilities and their representative organizations, to address these challenges head-on.

    Questions by Committee Experts

    GEREL DONDOVDORJ, Committee Expert and Coordinator of the Taskforce for Palau, thanked the State party for the comprehensive initial report.  Ms. Dondovdorj appreciated the quality of alternative reports of organizations of persons with disabilities provided to the Committee.  Palau had made some progress in implementing the Convention, which would be addressed later in the dialogue.  Although some legislative measures had been taken by the State party, some of these were not fully compliant with the Convention, including the disabled persons anti-discrimination act, which could not fully respond to the challenges faced by women with disabilities. 

    Concerns persisted about the lack of progress made to abolish the guardianship regime and implement the supported decision-making system in Palau.  It was essential to ensure the meaningful participation of women with disabilities in decision-making.  The Government of Palau was encouraged to pay attention to this issue. 

    GERTRUDE OFORIWA FEFOAME, Committee Expert and Taskforce Member for Palau, said the enactment of RPPL 11-36 outlined the State’s commitment to advancing the rights of persons with disabilities.  What steps were being taken for the State to appeal and amend legislation which was not in line with the Convention?  What would be the process and timeline for harmonising definitions?  What steps were in place to address the lack of timelines of the implementation of the decisions of the Coordinating Committee of the Office of Persons with Disabilities?  How were organizations of persons with disabilities being involved in the formulation of programmes and policies? 

    Currently Palau did not have a law on reasonable accommodation.  What specific steps were being taken to amend relevant legislation to include disability as a prohibited ground of discrimination?  What were the timelines to ensure the disabled person anti-discrimination act encompassed all forms of disability-based discrimination, including the denial of reasonable accommodation?  What mechanism would be put in place to track the progress of the anti-discrimination policies under discussion?  How would it be ensured they were well implemented and monitored? What was in place to eliminate multiple and intersecting forms of discrimination? 

    How did Palau plan to strengthen gender mainstreaming to ensure women and girls with disabilities were included in all relevant policies and programmes?  Did it include amending the family protection act?  What steps were being taken to ensure the voices of women and girls with disabilities were heard?  What steps were being taken to ensure their participation?   How was the participation of children being monitored? What measures was the State taking to prevent negative stereotypes of persons with disabilities, particularly in rural communities?  What plans were in place to ensure training and awareness raising about persons with disabilities at all levels?

    What steps was the Government taking to identify existing barriers to accessibility in the public and private sector, and provide the necessary resources to remove these barriers?  What measures would be taken to bridge the digital divide? 

    It was commendable that the Washington Group’s short questions on disability had been used and integrated into the census.  What steps was the State adopting to promote inclusivity and improve disability data collection?  What processes were in place to collect the issues around access to justice? 

    Could more information be provided about the newly established Coordinating Committee on Persons with Disabilities, including its members, mandate and budget?  How were representatives of persons with disabilities represented on this Committee?  What steps were taken to involve persons with disabilities into international cooperation?

    There was no national human rights institution established in line with the Paris Principles in Palau.  Had there been any progress on this?  Was there a mechanism to oversee the implementation and monitoring of the Convention? 

    Responses by the Delegation

    The delegation said harmonising legislation had been a challenge in Palau.  Through the new legislative process, one of the first tasks would be to have a full assessment and legislative review of relevant laws which needed to be revised, to ensure no discrimination was implied by language used in legislation moving forward.  It was expected that Palau could work with lawmakers and the National Congress to undertake a comprehensive legal review and carry out the changes.  It was hoped this could be achieved within 12 to 24 months. 

    The Coordinating Committee on Persons with Disabilities was working on a disability policy with representatives of organizations of persons with disabilities.  There were practices at the national level to provide reasonable accommodation in employment, as well as access to voting.  Palau understood there was a need to improve measures in this regard.

    The State was excited about the new legislation, which would create a new body with the task to mainstream any data, enabling the State to look at specific needs.  The Government would ensure the new body was sufficiently resourced to undertake its tasks.  It would examine Convention articles and look at how Palau could do better in this regard.

    There were currently gaps in the implementation of the family act, including a lack of training of law enforcement officials on the act itself.  The State would examine the gaps in the next six to 12 months. 

    Palau had a gender office within the Ministry of State.  Many programmes required the representation of women and the parents of children with disabilities.  Aside from the Ministries and civil society organizations for women and children with disabilities, a lot of data was non-existent outside of those agencies. Palau had made efforts to reorganise ministries to ensure the family protection act was housed in the department of health and public services.  Data collection methods and tools would be streamlined to ensure a more comprehensive data set, used to assist women and girls with disabilities. 

    There was currently no strategy for awareness raising.  The State had an upcoming project which would train Government stakeholders on disabilities and persons with disabilities.  There was a need for a legislative review in this regard. 

    Persons with disabilities in Palau accounted for between three to four per cent of the population, meaning it was easy for the general public to ignore, such as in the case of disability parking spots.  The Government needed to change the culture and attitude, including towards the overall concept of disability.  The newly established Coordinating Committee on Persons with Disabilities would ensure that every programme planned would welcome the input of women and children with disabilities. 

    There were many gaps in data collection in Palau with regards to persons with disabilities, and this varied between sectors.  The State was in the process of consolidating data sets, streamlining collection and ensuring information was credible, relevant and secure for sharing.  The work of the new established committee would supplement and enhance this work. 

    Regarding the newly established Coordinating Committee on Persons with Disabilities, the members included several Ministers, including the Minister of Justice, Finance and Health.  There would also be representatives from an organization representing persons with disabilities, governors, and a religious and state-based organization.  The Committee was the first time that Palau was forced by law to have representation. The work of the Committee would also reach policy makers directly, which often did not happen.  It held the State accountable to ensure specific resources would be directly available to the Committee.  Currently, only one organization of persons with disabilities was represented on the Committee, as well as a civil society organization. The Committee and the policy were under a strict timeline to be developed by the end of June. 

    Persons with disabilities had been represented in different committees, subcommittees and bodies.  Palau worked collaboratively with the Government of Australia and representatives of organizations of persons with disabilities were consulted in the process across certain projects. 

    Funding constraints were the number one barrier to establishing a national human rights institution in Palau. The State understood the value and purpose, but funding was the constraining factor.  Palau recognised the need for a robust data system, which could be used as a tool to guide policy development.  Palau would rely on the newly established Coordinating Committee on Persons with Disabilities to monitor all aspects of the implementation of the Convention. 

    Questions by Committee Experts

    A Committee Expert congratulated Palau for its commitment to the area of accessibility and desire to create a more inclusive society.  However, concerns persisted, including the lack of accessible public transport. What measures had been taken to ensure free access to information for different types of disability?

    Another Expert asked how many girls and women with disabilities had been provided with training on small and medium sized enterprises.  The Committee was delighted to hear that the State was analysing the many limitations faced by women with disabilities, particularly those facing violence.  The Committee would like to ensure that the State was addressing the correct data in this regard.

    An Expert asked what steps were being taken to facilitate the access of persons with disabilities to technologies? What steps were being taken to facilitate the transportation and movement of persons with disabilities? How could organizations representing children with disabilities be supported? 

    Another Committee Expert asked if accessibility requirements were included throughout the purchase of public infrastructure?  It was very good that there was good access to the internet for persons with disabilities. Were accessibility standards being taken into account when web content was created?

    An Expert asked about the political environment when discussing issues related to persons with disabilities? Was the Congress willing to make important changes in legislation and approve specific legislation to incorporate Convention principles?  How could the international community support Palau to bring about these changes sooner rather than later?

    Responses by the Delegation

    The delegation said unfortunately, public transport in general was underdeveloped in Palau, and had only begun around two years ago, with a small number of buses with a limited route. Unfortunately, the buses being used were currently not accessible to persons with disabilities, and it was up to the families to take care of the transport of their family members and children with special needs.  The State had purchased vehicles, including a van that was disability equipped, which currently was only available by request.  Being an island, it was also important for the State to purchase boats which were disability accessible.  Palau’s citizens had access to relatively cheap internet, but the issue was devices.  The State had not taken further steps to identify specific technologies that persons with disabilities might need.  Therefore, those with visual impairments would have to source their digital devices out of Palau.  The State would look at the data and determine if this was something which required additional investment. 

    A majority of those who had received training were women, and some percentage would be women with disabilities. Data specific to violence against women and girls with disabilities needed to be disaggregated in the State’s data set. 

    The question was whether all public transport needed to be accessible, or due to numbers should it just be a specific programme with enough equipment catered to the needs of the population? There were one or two vans which could respond to requests currently.  Would this be enough, or would there be a growing need for accessibility vehicles?  Currently, more equipment was required.  It would make sense that all equipment should be accessible, but that had more costs. The State was looking at this with a phased approach.  For small countries like Palau, things were only addressed when there was a visible need, as opposed to putting in place standards to address things beforehand, and this applied to access to information. However, it did not take away from the need for the State to think holistically. 

    The political will to ratify the treaties was there, but there were challenges when it came to prioritising budget allocation.  The onus was on the delegation to return to Palau and continue raising awareness. 

    Questions by Committee Experts

    GEREL DONDOVDORJ, Committee Expert and Coordinator of the Taskforce for Palau, asked if the State party had reviewed national legislation related to the situation of risk and humanitarian emergency, including the national disaster risk framework, to include the safety and protection of persons with disabilities?  If not, what were the plans to review and amend the legislation?  Could information on mechanisms of early warning for persons with disabilities be provided?  How accessible were these systems to persons with diverse disabilities, including those who were blind and deaf?  Did the State party have existing mechanisms to ensure the participation of persons with disabilities in the planning, designing and implementation of activities relating to emergency situations?  What measures had the State party taken to ensure adequate budget allocation for this purpose? 

    Palau still promoted the guardianship regime, which meant a person’s legal capacity could be restricted, based on a court declaration.  Were there specific plans to end the guardianship regime, and implement supported decision-making for persons with disabilities?  Could data on the number of persons with disabilities under guardianship be provided?  How many people had repealed these decisions?

    GERTRUDE OFORIWA FEFOAME, Committee Expert and Taskforce Member for Palau, said information had been received about barriers in accessing justice for persons with disabilities, due to a lack of reasonable accommodation, particularly those with psychosocial disabilities.  What measures would be taken to review all legislation, including criminal laws, to ensure compliance with the Convention?  What measures were being taken to ensure age appropriate and gender sensitive accommodation in judicial and administrative proceedings for all persons with disabilities?  Was information provided in an accessible format, and how was the accessibility of court buildings ensured?  How was information communicated, for example through sign language? 

    Had regular monitoring been conducted to ensure persons with psychosocial or intellectual disabilities were not subjected to arbitrary or forced treatment, including confinement? What was the most recent monitoring result, and efforts taken to improve the situation?  Was there disaggregated data on persons with disabilities deprived of their liberty in Palau? 

    GEREL DONDOVDORJ, Committee Expert and Coordinator of the Taskforce for Palau, asked about services provided by the Victims of Crime Office, reopened in 2022, including access to shelters? Was sign-language interpretation provided and reasonable accommodation ensured?  Was information about existing services disseminated to persons with disabilities through accessible formats?  Did the State party have any targeted measures to ensure all persons with disabilities, including women with disabilities, were free from all types of violation and exploitation?  Were there any specific targeted policies and strategies targeting women with disabilities? 

    Information had been received on the tragic case of a blind woman who was sterilised without consent, but with the consent of her family members.  What legislation was in place to protect persons with disabilities from being subjected to treatment without their free and informed consent, including forced sterilisation and abortion?  Did a monitoring mechanism exist in this regard?

    How many persons with disabilities had been placed in institutions, including mental health hospitals?  Were there any plans or strategies to promote the independence of persons with disabilities at the community level? What were the plans to implement the deinstitutionalisation plan, to ensure everyone was given the opportunity to live in the community?

    What measures were in place to ensure that persons with disabilities in Palau could access high-quality and affordable assistive devices?  Were these exempt from import taxes?  What measures were being taken to eliminate physical restraints in all settings, including prisons and institutions?  Did Palau have any plans to ratify the Convention against Torture?  Had any monitoring of cases of torture being undertaken?  Could information be provided about the State’s existing complaints mechanism? 

    Responses by the Delegation 

    The delegation said at this time, the Government had not currently conducted a review of the national disaster risk framework legislation.  However, there were regular reviews, post-disaster, to determine gaps in emergency preparedness and disaster reduction.  Based on existing legislation, there was no need to change too much.  Palau had the National Emergency Management Office, governed by the National Emergency Committee, comprised of all government agencies and civil society, including the Palau Red Cross.  All emergency preparedness and disaster response were coordinated through the Committee.  Once the President declared a national emergency, this gave the Government access to all resources and the authority to commandeer accommodation such as shelters for the response.  The Government would conduct a legislative review to see if there was anything missing in the law which should be amended in relation to persons with disabilities. 

    The State had working relationships with civil society, including the Red Cross, which was actively involved in drills and exercises in response to disasters.  Being a small community, Palau could identify people individually and had a database on people’s specific needs.  This knowledge was incorporated into exercises and drills. Community health workers assisted during disasters to ensure everyone had equal access to shelters. 

    A health care coalition, enacted through an executive order of the President, represented persons with disabilities and parents’ organizations, bringing them together to plan activities. A month was dedicated to preparedness awareness each year, during which simulation exercises were held, as they were last year.  At this point, Palau did not see the need to have too many members, including from the Government, in the National Emergency Committee during an emergency.  It was more important to capture feedback, participation and input from non-governmental organizations during the planning, training and exercises phases, to execute the best response. The delegation would investigate if there was a need to expand the Committee to include persons with disabilities.  At this point, the State prioritised local revenue for the response; there were no external funding sources. 

    The State party understood the guardianship act was not in line with the Convention.  However, efforts were being made to consult persons with disabilities before they were held in institutions.  The various ministries coordinated together to ensure the Convention was not being violated.  The guardianship act would be considered for the upcoming legislative review.  The delegation would also debrief on this upon their return.  At present, data on those under the guardianship law was not available.  This was noted as a priority task and this data would be collected in the future. 

    The full and systematic review of legislation to ensure compliance with the Convention was long overdue.  This would be conducted once the delegation returned to Palau.  It was expected the review would take 12 to 24 months; draft amendments would then be proposed for enactment. 

    The family protection act was a landmark milestone for Palau, allowing for a more uniform and standardised procedure for all people who experienced gender-based or domestic violence, while also allowing the State to assess the gaps in the process.  There were currently no courtrooms in Palau which were accessible.  This needed to be changed immediately and would be enacted when the delegation returned to Palau.  The recommendation would also focus on better equipping the courtrooms with audio visual aids.     

    In Palau, if persons with psychosocial conditions in prison were required to be confined, this would take place after an assessment with a psychiatrist, and they would be held outside of the general prison.  This would also be reviewed to ensure the protocols were being adhered to.  Every case received was monitored; however, monitoring ceased once the individual left the facility.  This was something that should be tracked and that was something the State planned to accomplish. 

    Palau maintained a strong belief in cultural values, which was a source of solutions and issues.  Often families were still expected to care for the elderly and family members with disabilities.  The line was often blurred on where the Government should step in. A transition centre had been built for those who did not have accommodation to return to.  It had taken years to build as many community members felt that under Palau culture, family members had the obligation to care for their family members. 

    The Victims of Crime Office provided services, including counselling and temporary housing for victims, in partnership with non-governmental organizations.  The State aimed to introduce training programmes with neighbouring jurisdictions, but this was dependent on costs.  In the few cases received where victims required sign-language communication, this had been done virtually with ad-hoc partners.  But there was a need to formalise a mechanism for whenever that was needed. 

    A member of the delegation said she had been a victim of exploitation, and this had been a call for the ministries to come together and strengthen the family protection act, and to take account for specific provisions for protecting women and girls with disabilities. This act would also be reviewed during the legislative review. 

    The number of cases of forced sterilisation was extremely low, but these situations did happen. There was no legislation which specifically addressed this.  The State was cautious to enact legislation which contradicted and caused tension between culture, and the more Western doctrine of rights and laws. Abortion was mostly illegal in Palau, unless the physician determined there was a threat to the life of the mother or the child.  Forced treatment and sterilisation was something consulted with the patient, their family and the healthcare provider.  It needed to be determined if legislation was really the avenue to address this, or if was more important to have more clarity on those blurred lines between cultural expectation and family consent and the healthcare needs of the patient.  This would be added to the list for the legislative review. 

    A project had been launched during the COVID-19 pandemic to assess certain households for accessibility, to be redesigned for independent living.  The findings of the project would be utilised this year to promote more independent living.  There was only one mental health facility in Palau, and confinement was only for mental health issues.  There had been no cases where persons with other types of disabilities had been confined or admitted without any mental health issues.  The plan would be rolled out nationwide and expanded in the future to ensure persons with disabilities could independently live in their own homes, rather than be confined to an institution. 

    At present, due to cost, Palau dealt with needs for assistive technologies on a case-by-case basis.  At present, there was no tax exemption for such equipment unless it was donated.  Maintenance and a lack of parts were an ongoing issue.  The newly created Office on Persons with Disabilities would undertake a review in this regard. 

    Palau did not have the need to develop specific measures for the protection of persons with disabilities from ill-treatment.  Palau’s culture did not require laws in this regard.  Tomorrow, the delegation of Palau would meet with relevant United Nations representatives to further discuss the process of the ratification of the Convention against Torture.  There was no active monitoring of case reviews, but the State party undertook case reviews to determine if there were instances of torture.  The State had a school health screening programme, where the provider looked for indications of ill-treatment, as well as the victims of crimes assistance programme.  Part of the awareness strategy included promoting reporting within the community, which was currently a challenge.

    Questions by Committee Experts

    A Committee Expert asked if there were any plans to strengthen the mechanisms and legal safeguards for persons with disabilities, including those with psychosocial disabilities and migrants with disabilities, to ensure they were provided with reasonable accommodation under the 72-hour detention act?  What measures were taken to ensure stateless children, including those with disabilities, were granted citizenship?  Was there a plan to amend legislation to allow stateless individuals, including those raised in Palau, to apply for citizenship? 

    Another Expert welcomed the financial measures and information provided on the project which aimed to make homes for the elderly accessible.  What measures were being undertaken to improve the disability inclusiveness of mainstream services, such as retail, health, education and housing?   

    One Expert asked who had trained prison officers in appropriate care?  What evaluation had there been for this training?  Had the State party implemented the guidelines on deinstitutionalisation?

    A Committee Expert asked if there was any follow-up strategy in relation to article 19, enabling persons with disabilities to manage themselves? 

    Responses by the Delegation

    The delegation said the 72 hours was not always adhered to exactly, despite legislation, and was typically handled on a case-by-case basis.  This would be included in the legislative review to see if this timeline was still applicable. 

    A bill had been introduced in the National Congress to examine the possibility of issuing stateless persons with a national identification.  While this did not guarantee citizenship, it would enable them to have an identity and hopefully be expanded to include means to travel.  Migrants were afforded access to public services like citizens; it was a matter of different costs.  The population of Palau was 18,000, and therefore transport could be provided by the Government for those who requested it.  This allowed persons with disabilities to access mainstream services.  There were ongoing efforts to work with the national health insurance to see if beneficiary coverage could be expanded to include the cost of assistive technologies. 

    At present, there was no training for law enforcement in mental health first aid.  The Government was working to ensure the relevant training was provided. Currently, the Government would call in specialised professionals, including psychiatrists, but it was important to train first responders as they were typically the first to arrive on the scene.  Palau was so small they could assign a specific health care professional to assist persons with disabilities when they came in for medical services.  The transition centre was intended only to be a temporary situation, while the State looked at longer term solutions for independent living.

    Questions by Committee Experts

    CHRISTOPHER NWANORO, Committee Vice-Chairperson and Taskforce Member for Palau, said persons with disabilities in Palau faced major barriers in accessing information.  How was the Government ensuring that freedom of speech and access to information, including the mass media, was available to persons with disabilities in Palau?  What efforts was the Government making to enable deaf persons to access information in the State party?

    Persons with disabilities in Palau did not have equal access to education; what was the Government doing to provide an enabling environment for education for persons with disabilities, including for deaf and blind persons?  The Government should provide an enabling environment for everyone to enjoy education equally. 

    How accessible was the medical environment for persons with disabilities?  Could blind people communicate with medical staff via braille? How was it ensured that all persons with disabilities could enjoy medical facilities in the hospitals?

    What efforts was the Government of Palau making to ensure equal opportunities were provided when it came to employment for persons with disabilities?  For those working, what was being done to provide them with an enabling environment?  Were ramps and elevators available to allow them to navigate their workplaces?  What training was given to employers in this regard? 

    Palau’s law said persons with mental and intellectual disabilities were not allowed to participate in elections, including voting.  Was there any percentage within the law mandating persons with disabilities to be elected to government positions?  If persons with disabilities wanted to vote, how accessible was the environment?  Were there ramps and sign language?  What was the Government doing to ensure that persons with disabilities were given a fair chance to participate in politics? 

    What was Palau doing to ensure people with disabilities could access cultural life and leisure, including sports? Were people with disabilities in Palau participating in sports?  What efforts was the Government making to encourage their participation?

    GERTRUDE OFORIWA FEFOAME, Committee Expert and Taskforce Member for Palau, asked how information on medical records, such as from institutions and mental health systems, was protected? How would data protection for persons with disabilities be strengthened, particularly for those with psychosocial or intellectual disabilities?

    What specific initiatives were in place to strengthen awareness raising regarding persons with disabilities, particularly regarding the rights to family and parenthood?  How would it be ensured that persons with disabilities could start their own families or adopt children if they chose?

    GEREL DONDOVDORJ, Committee Expert and Coordinator of the Taskforce for Palau, asked if there were plans to undertake an analysis of rehabilitation services, and ensure they were in line with the Convention?  Were there plans to develop a comprehensive strategy and policy around assistive devices and technologies? 

    GERTRUDE OFORIWA FEFOAME, Committee Expert and Taskforce Member for Palau, said the majority of social protection actions in Palau happened at home.  What mechanisms were in place to support social protection and families and the disability-related expenses of individuals?  How would the Government address the lower level of disability pensions? What was being done to raise the disability pension?  Did persons with disabilities who worked in Palau still receive the disability allowance? 

    Responses by the Delegation

    The delegation said sign language and audio-visual equipment in schools and classrooms were among the State’s weak points.  Palau did provide equal opportunities for persons with disabilities to express themselves through the media, but the lack of sign language was an issue.  Work was being done with the Ministry of Education to equip teachers and schools, and then this would be branched out to the media. There had been two cases in Palau where youth with disabilities had graduated from high school and college through vocational studies.  Palau’s Ministry of Education received some funding from the United States Individuals with Disabilities Education Act, which was a starting point to train teachers. 

    At present, Palau did not have training for doctors and teachers, but this was something the State was working on. Most clinics in the hospitals were designed to be accessible, but the main challenge was sign language.  Women and children with disabilities had free access to information, and a healthcare provider was assigned to every person with disability who came in.  The State recognised there was more to be done and was working to enhance this area. 

    Legislation obligated the Government to ensure persons with disabilities had ramps in the places where they were hired and working.  This legislation just covered the public sector currently and was yet to cover the private sector, which was a shortfall.  There were around 33 persons with disabilities working in Palau’s Government, which was an impressive number considering the country’s population. Due to cultural beliefs in Palau, families of persons with disabilities sometimes did not encourage them to work due to fear of stigma and bullying, which was a challenge. 

    Palau election personnel were not equipped to provide braille. Currently, if a person with a disability wished to vote, an election official had to vote for them which meant the voting was no longer private; the State was working to address this.  Palau would work to change the law on voting for persons with intellectual disabilities, as this was an outdated law.  Nothing barred persons with disabilities for running for public office.  There were no quotas in place for persons with disabilities to run for office in Palau. There were no political parties in Palau, everyone ran individually.  No one was barred from running for Government.

    Discussions had been underway to join the Paralympics.  Palau would be hosting Pacific mini games, and there would be considerations for persons with disabilities to join such events.  Family members presented a challenge; they sometimes felt their family members with disabilities would be a source of shame to the family and prohibited them from participating publicly, particularly when it came to sports. The Government was working to help families feel confident in allowing their family members with disabilities to participate in the public view. 

    Patient records and confidential information was closely safeguarded in the Ministry of Health and in clinics. This applied to all patient records, including for persons with disabilities.  It was expected the medical privacy act would be enacted in one to two years. 

    Palau had an inclusive culture; there were no cultural barriers preventing persons with disabilities from getting married or raising children.  There were persons with disabilities in Palau who had birthed and raised children and enjoyed the fruits of a full family life, with community support. 

    There were efforts to create an appropriate list of assistive products from the World Health Organization list, to ensure they were appropriate for the Pacific region.  Rehabilitation was still regarded as a medical or clinical service, which was a challenge.  A rehabilitation department was now going out to the community to train caregivers and family members to assist those with specific needs. 

    Palau had the Severely Disabled Assistance Fund which had been increased in the past year, to ensure persons with disabilities could afford the cost of living.  There was a newly established child raising subsidy, provided to all Palau children under the age of 18.  The pension and social security amounts were always a hotly debated issue in Palau’s Congress.  The State would continue to push for an increase in funds for beneficiaries.  The Assistance Fund did not include deaf people, which was something which needed to be amended.  Palau was looking to increase the minimum wage this year, which would benefit persons with disabilities who were employed. 

    Questions by Committee Experts

    A Committee Expert asked how many persons with disabilities participated in tertiary education in Palau?  What kind of reasonable accommodations were provided to these students?  The Committee frowned upon the continued use of sheltered workshops to stimulate employment of persons with disabilities.  What was the extent of sheltered workshops in Palau and what was being done to remove them from the labour market?

    Another Expert asked about the Government actions to ensure access to education for persons with disabilities. How were these being implemented? Were there any incentives for persons with disabilities to run for public office?  The Expert congratulated Palau’s involvement in the Paralympics. It was hoped this would be the first of many. 

    An Expert asked if persons with disabilities were given the same wages as the rest of the population? 

    One Committee Expert asked what Palau was doing to raise awareness in the population, so no one was left behind or neglected?  What was being done to put an end to discrimination against persons with disabilities? 

    A Committee Expert asked if Palau had any experiences with accessible tourism, and if it was using this as a tool for economic growth?  Had Palau requested technical cooperation to increase the flow of tourists with disabilities?  Was Palau considering job creation and entrepreneurship for persons with disabilities? Had the State thought about establishing a national centre for arts and crafts which could showcase the products made by persons with disabilities? 

    GERTRUDE OFORIWA FEFOAME, Committee Expert and Taskforce Member for Palau, asked if people working in Palau still received the disability allowance? 

    GEREL DONDOVDORJ, Committee Expert and Coordinator of the Taskforce for Palau, asked if there were any plans to address policy areas regarding the right to vote for persons with intellectual disabilities? 

    Responses by the Delegation

    The delegation said Palau only had one community college which provided a two-year associate degree.  However, persons with disabilities did attend college, including one individual who graduated from a mechanics course.  The college was not entirely equipped, but did make accommodation for the specific needs of students. 

    There were no agencies, companies or businesses which only employed persons with disabilities in Palau. Palau had a law which required all students to attend kindergarten to grade 12, including children with disabilities. Minimum wage laws in Palau applied to everyone, including persons with disabilities who received the same wage and tax refund benefits which applied to a certain band of salary earners. Overall, Palauan culture was very accepting.  Non-governmental organizations in Palau helped the Government to raise awareness in the community, ensuring inclusiveness in all events and policies. There was no specific budget for sports activities for persons with disabilities, but this was something the Government would look into.

    Palau was regarded as a good tourism destination.  However, it was expensive to get there, and there were rarely tourists who were persons with disabilities.  The Government aimed to ensure their own citizens with disabilities were taken care of before tourists.  There were workshops with local crafts and a giftshop, where persons with disabilities could sell their artwork.  There was also a national museum and it could be a good idea to hold a special exhibition there for persons with disabilities. 

    The Palau Severely Disabled Fund was for those who had no employment, and if they were gainfully employed, they lost this eligibility.  There were only two main non-governmental organizations in Palau working to represent persons with disabilities, but the population was small.  They were given the right to decide who they employed and who they allowed to represent them.  The Government did not want to overstep and dictate in this regard. 

    Closing Remarks

    JEFFREY ANTOL, Director, Bureau of Foreign Affairs and Trade, Ministry of State of Palau and head of the delegation, extended appreciation to the Committee and all those who had contributed to the dialogue.  Palau firmly believed that inclusion was not merely a policy goal, but a fundamental human right.  The enactment of the persons with disabilities act and the development of the national disability inclusive policy marked significant milestones in the journey towards full alignment with the Convention.  Palau was more convinced than ever of the urgent need to undertake legislative review and the importance of data and reporting, and would take steps to facilitate these actions.  The country remained steadfast in ensuring that no one was left behind.

    GERTRUDE OFORIWA FEFOAME, Committee Expert and Taskforce Member for Palau, thanked the members of the delegation of Palau for their presence and the open dialogue with the Committee.  The State was commended for its commitment in working towards the implementation of the Convention.  The Committee acknowledged with interest the establishment of the Committee of Persons with Disabilities and looked forward to its action as planned.  There was a need for the State to strengthen systems and ensure effective and meaningful participation of persons with disabilities. The absence of a national human rights institution was a concern; the Committee urged Palau to consider its establishment in line with the Paris Principles.  From the goodwill expressed by the delegation, it was expected that the State would proactively ensure the implementation of the Committee’s recommendations.

     

     

     

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