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Category: Economy

  • MIL-OSI Security: Policing Took Action – Now Others Must Step Up

    Source: United Kingdom National Police Chiefs Council

    We welcome today’s His Majesty’s Inspectorate of Constabulary and Fire & Rescue Services’ (HMICFRS) final report on last summer’s disorder, which rightly recognises the bravery and professionalism of officers who acted decisively to protect communities and restore order. This was a successful operation, despite the complexity of events.

    Since the summer, 1,840 arrests have been made, with 1,103 individuals charged, reinforcing policing’s commitment to justice.

    The report fails to accurately assess policing’s role in countering harmful online content. It overlooks the reality that law enforcement cannot and should not regulate social media, placing unrealistic expectations on policing while ignoring the critical responsibility of platform providers and regulators. Without robust detection, moderation, and removal of false narratives, misinformation will continue to fuel unrest unchecked.

    Policing cannot function effectively when digital platforms allow harmful content to spread without consequence. The lack of accountability in the report undermines the broader need for a multi-agency response to misinformation and disorder.

    Public education also has a critical role to play. Equipping communities with the tools to assess online content critically must be a shared effort across government, tech companies, and civil society. Tackling misinformation requires a coordinated, multi-sector approach.

    We note the Inspectorate’s concerns about national debriefing. However, policing has already conducted multiple operational debriefs, covering both intelligence and crime, with extensive feedback gathered across forces. These insights, alongside HMICFRS recommendations, are being taken forward under NPCC leadership.

    Policing is advancing innovative technology solutions to enhance monitoring of misinformation and disinformation, building on social listening platforms used during the disorder. Strengthening collaboration with the Cabinet Office, we are now more closely integrated across government and policing to improve coordination.

    The Neighbourhood Policing Guarantee has expanded the capacity for force neighbourhood teams to engage more effectively with their communities. Additionally, we have been developing advanced technology to better assess real-time public sentiment through enhanced community tensions monitoring.

    Policing will continue working with partners to implement these recommendations decisively, ensuring a proactive and resilient approach to disorder prevention while maintaining our commitment to public safety.

    Chief Constable BJ Harrington is the NPCC Lead for Operations and the former Gold Commander of Operation Navette. He said:

    “We appreciate the Inspectorate’s dedication in engaging with representatives from across policing and for recognising the professionalism and bravery demonstrated by our officers and staff during an extremely challenging period. The commitment of frontline officers to maintaining public safety, often in the face of significant personal risk, deserves acknowledgment, and we are pleased to see this reflected in the report.

    “The assertion that no debrief took place does not reflect the extensive review work that has been undertaken since the events last summer. In response to the disorder, policing conducted national debriefs covering both intelligence and crime, ensuring key insights were gathered and shared across forces. These debriefs, convened by the College of Policing and individual forces, allowed policing to review its approach, strengthen intelligence-sharing, and refine operational strategies.

    “We welcome the Inspectorate’s recommendations and we’ll continue working with partners to refine and improve our response to fast-moving and unpredictable disorder. However, it is important to recognise the broader role of communications in operational success and ensure a more comprehensive approach to tackling misinformation.”

    Chief Constable Gavin Stephens is Chair of the NPCC. He added:

    “Following the events of last summer, it was right that policing was questioned and scrutinised, and we recognise the Inspectorate’s role in that process.

    “However, a more balanced assessment is needed, particularly regarding policing’s role in tackling misinformation and disinformation. While there are lessons to learn, it is crucial to acknowledge that law enforcement does not – and should not – regulate online content. Responsibility for ensuring information is accurate and does not fuel harm lies with those posting it, platform providers and regulatory bodies.

    “The report states that policing has “no proper answer” for tackling misinformation and disinformation, but the issue extends far beyond law enforcement. No public sector organisation or body responsible for public safety is fully equipped to address the scale and complexity of the problem. Policing alone cannot be expected to lead or resolve this volatile challenge; it requires a coordinated, cross government approach. This reality must be acknowledged.

    “The report did not fully recognise the successes of the media strategy, particularly in delivering behaviour change and deterrence messaging, which are essential in countering rapidly spreading false narratives that can incite disorder.  I pay tribute to colleagues in local policing and communications, who worked tirelessly with media colleagues to ensure accurate information, and the consequences of involvement in violent disorder, were widely known and understood.

    “A proactive communication model is needed, one that enables policing to engage directly with communities, providing accurate and timely information without overreliance on traditional media. However, achieving this requires resources that policing simply does not currently have, as financial pressures continue to mount.

    “Strengthening intelligence alone is not enough to mitigate the risks posed by misinformation. A comprehensive approach is required – one that incorporates education during peacetime, stronger regulatory oversight, and independent messaging strategies extending beyond policing.

    “We remain committed to learning from these events, refining our approach, and ensuring policing is prepared, resilient, and proactive in facing future challenges.”

    Notes to editors

    The national policing response launched by NPCC – Operation Navette – was created to provide effective national coordination for the planning and response to demonstrations and disorder, as well as engagement and communication with forces, government and key national stakeholders. This included:

    • A national Gold group established and led by the NPCC Public Order and Public Safety Lead.
    • An intelligence coordination group led by the NPCC Intelligence Lead.
    • The activation of the national mobilisation plan and the development of national strategic public order research, with NPoCC assuming a central coordination function for all public order assets across the country.

    MIL Security OSI –

  • MIL-OSI USA: Grassley, Colleagues Introduce MOMS Act to Support Mothers, Strengthen Families

    US Senate News:

    Source: United States Senator for Iowa Chuck Grassley
    WASHINGTON – Sen. Chuck Grassley (R-Iowa) joined Sens. Katie Britt (R-Ala.), Kevin Cramer (R-N.D.) and Eric Schmitt (R-Mo.) to introduce the More Opportunities for Moms to Succeed (MOMS) Act. The legislation would provide critical support to women during typically challenging phases of motherhood – including prenatal, postpartum and early childhood development – and bolster access to resources and assistance to help mothers and their children thrive.
    “Parenthood is a blessing, and it’s critical that women have the support they need during this crucial time. Our legislation would expand access for moms looking for resources and services in their area. I’m proud to be pro-life, pro-mother and pro-family,” Grassley said.
    Additional cosponsors include Sens. Roger Marshall (R-Kan.), Steve Daines (R-Mont.), Jerry Moran (R-Kan.), Marsha Blackburn (R-Tenn.), John Cornyn (R-Texas), James Lankford (R-Okla.), Roger Wicker (R-Miss.), Jim Risch (R-Idaho), Mike Crapo (R-Idaho), Dave McCormick (R-Pa.), Pete Ricketts (R-Neb.), Jim Justice (R-W.Va.) and Tim Sheehy (R-Mont.).
    Background:
    In 2023, the number of U.S. births hit the lowest rate since 1979, and the total fertility rate in America hit an all-time low. Last year, fertility and birth rates remained near record-lows, reflecting a continued trend in the United States.
    The MOMS Act would establish a website with resources for expecting and postpartum moms, as well as those with young children. The bill would also increase access to adoption agencies, pregnancy resource centers and other relevant resources available near the mother’s location. These include health and well-being services, material and legal support and financial assistance.
    The bill would improve access to pre- and postnatal resources by establishing a grant program for nonprofit entities to support, encourage and assist women in carrying their pregnancies to term and in caring for their babies after birth.
    It would also support moms in rural and medically underserved areas by helping organizations purchase necessary medical equipment and technology to support prenatal and postnatal telehealth appointments.
    This legislation is endorsed by Susan B. Anthony Pro-Life America, Americans United for Life, March for Life Action, the National Right to Life Committee, Students for Life Action, Concerned Women of America, the Ethics and Religious Liberty Commission and the Human Coalition.
    The full text of the bill can be found HERE. 
    A section-by-section of the bill can be found HERE.
    -30-

    MIL OSI USA News –

  • MIL-OSI Security: Security News: U.S. Attorneys for Southwestern Border Districts Charge More than 1300 Illegal Aliens with Immigration-Related Crimes During the First week in May as part of Operation Take Back America

    Source: United States Department of Justice 2

    Since the inauguration of President Trump, the Department of Justice is playing a critical role in Operation Take back America, a nationwide initiative to repel the invasion of illegal immigration, achieve total elimination of cartels and transnational criminal organizations (TCOs), and protect our communities from perpetrators of violent crime. Operation Take Back America streamlines efforts and resources from the Department’s Organized Crime Drug Enforcement Task Forces (OCDETFs) and Project Safe Neighborhood (PSN).

    Last week, the U.S. Attorneys for Arizona, Central California, Southern California, New Mexico, Southern Texas, and Western Texas charged more than 1300 defendants with criminal violations of U.S. immigration laws.  

    The Southern District of Texas filed 256 cases in matters aimed at securing the southern border. As part of the cases, 83 face allegations of illegally reentering the country. The majority have prior felony convictions for narcotics, firearms, sexual or violent offenses, prior immigration crimes and more. A total of 160 people face charges of illegally entering the country, while 13 cases allege various instances of human smuggling with the remainder involving other immigration-related crimes.  

    The Western District of Texas filed 352 new immigration and immigration-related criminal cases. Among the new cases, David Ysturiz-Villalobos and Yilber Gabriel Caldera-Espinoza were arrested by the San Antonio Police Department during an April 22 traffic stop. Both were identified as Venezuelan nationals unlawfully present in the United States. Ysturiz-Villalobos was in possession of a .40 caliber pistol with a loaded magazine and one chambered round. Caldera-Espinoza admitted the pistol was his. Ysturiz-Villalobos and Caldera-Espinoza are each charged with one count of illegal alien in possession of a firearm and, if convicted, face up to 10 years in federal prison.

    The District of Arizona brought immigration-related criminal charges against 287 defendants. Specifically, the United States filed 107 cases in which aliens illegally re-entered the United States, and the United States also charged 156 aliens for illegally entering the United States. In its ongoing effort to deter unlawful immigration, the United States filed 21 cases against 24 individuals responsible for smuggling illegal aliens into and within the District of Arizona.

    The Southern District of California filed 124 border-related cases this week, including charges of assault on a federal officer, bringing in aliens for financial gain, reentering the U.S. after deportation, and importation of controlled substances. A sample of border-related arrests this week: On April 27, Emma Alejandra Medina, a U.S. citizen, was arrested and charged with Attempted Bringing in Aliens for Financial Gain. According to a complaint, Medina was captain of a boat that was transporting eight undocumented immigrants on San Diego Bay. On April 26, Jorge Alexandro Tellez, a U.S. citizen, was arrested and charged with attempting to cross the border in a vehicle with 286 pounds of methamphetamine concealed in all four doors, the seats, the spare tire, the tailgate, and in multiple tool bags located inside the vehicle.

    The Central District of California this week criminally charged 45 defendants who allegedly illegally re-entered the United States following removal, bringing the total number of defendants charged with this crime since Jan. 20 of this year to 347, a year-over-year increase of 3,755%, the Justice Department announced today. The defendants charged were previously convicted of felonies before they were removed from the United States, offenses that include attempted burglary and forgery. Since the change in administration this year, federal prosecutors in the seven-county Central District, which includes Los Angeles, have aggressively pursued criminal illegal aliens. In comparison, federal prosecutors in 2024 charged a total of nine defendants with Title 8 United States Code § 1326 – illegal re-entry following removal. In 2023, the office charged eight such defendants.

    The District of New Mexico announced its immigration enforcement statistics. These cases are prosecuted in partnership with the El Paso Sector of the U.S. Border Patrol, along with Homeland Security Investigations El Paso, and assistance from other federal, state, and county agencies. The United States Attorney’s Office brought the following criminal charges in New Mexico: 79 individuals were charged this week with Illegal Reentry After Deportation (8 U.S.C. 1326), 11 individuals were charged this week with Alien Smuggling (8 U.S.C. 1324), 12 individuals were charged this week with Illegal Entry (8 U.S.C. 1325), and 130 individuals were charged this week with Illegal Entry (8 U.S.C. 1325) and 50 U.S.C. 797, violation of a military security regulation, arising from the newly established National Defense Area in New Mexico.

    We are grateful for the hard work of our border prosecutors in bringing these cases and helping to make our border safe again. 

    MIL Security OSI –

  • MIL-OSI Security: U.S. Attorneys for Southwestern Border Districts Charge More than 1300 Illegal Aliens with Immigration-Related Crimes During the First week in May as part of Operation Take Back America

    Source: United States Department of Justice Criminal Division

    Since the inauguration of President Trump, the Department of Justice is playing a critical role in Operation Take back America, a nationwide initiative to repel the invasion of illegal immigration, achieve total elimination of cartels and transnational criminal organizations (TCOs), and protect our communities from perpetrators of violent crime. Operation Take Back America streamlines efforts and resources from the Department’s Organized Crime Drug Enforcement Task Forces (OCDETFs) and Project Safe Neighborhood (PSN).

    Last week, the U.S. Attorneys for Arizona, Central California, Southern California, New Mexico, Southern Texas, and Western Texas charged more than 1300 defendants with criminal violations of U.S. immigration laws.  

    The Southern District of Texas filed 256 cases in matters aimed at securing the southern border. As part of the cases, 83 face allegations of illegally reentering the country. The majority have prior felony convictions for narcotics, firearms, sexual or violent offenses, prior immigration crimes and more. A total of 160 people face charges of illegally entering the country, while 13 cases allege various instances of human smuggling with the remainder involving other immigration-related crimes.  

    The Western District of Texas filed 352 new immigration and immigration-related criminal cases. Among the new cases, David Ysturiz-Villalobos and Yilber Gabriel Caldera-Espinoza were arrested by the San Antonio Police Department during an April 22 traffic stop. Both were identified as Venezuelan nationals unlawfully present in the United States. Ysturiz-Villalobos was in possession of a .40 caliber pistol with a loaded magazine and one chambered round. Caldera-Espinoza admitted the pistol was his. Ysturiz-Villalobos and Caldera-Espinoza are each charged with one count of illegal alien in possession of a firearm and, if convicted, face up to 10 years in federal prison.

    The District of Arizona brought immigration-related criminal charges against 287 defendants. Specifically, the United States filed 107 cases in which aliens illegally re-entered the United States, and the United States also charged 156 aliens for illegally entering the United States. In its ongoing effort to deter unlawful immigration, the United States filed 21 cases against 24 individuals responsible for smuggling illegal aliens into and within the District of Arizona.

    The Southern District of California filed 124 border-related cases this week, including charges of assault on a federal officer, bringing in aliens for financial gain, reentering the U.S. after deportation, and importation of controlled substances. A sample of border-related arrests this week: On April 27, Emma Alejandra Medina, a U.S. citizen, was arrested and charged with Attempted Bringing in Aliens for Financial Gain. According to a complaint, Medina was captain of a boat that was transporting eight undocumented immigrants on San Diego Bay. On April 26, Jorge Alexandro Tellez, a U.S. citizen, was arrested and charged with attempting to cross the border in a vehicle with 286 pounds of methamphetamine concealed in all four doors, the seats, the spare tire, the tailgate, and in multiple tool bags located inside the vehicle.

    The Central District of California this week criminally charged 45 defendants who allegedly illegally re-entered the United States following removal, bringing the total number of defendants charged with this crime since Jan. 20 of this year to 347, a year-over-year increase of 3,755%, the Justice Department announced today. The defendants charged were previously convicted of felonies before they were removed from the United States, offenses that include attempted burglary and forgery. Since the change in administration this year, federal prosecutors in the seven-county Central District, which includes Los Angeles, have aggressively pursued criminal illegal aliens. In comparison, federal prosecutors in 2024 charged a total of nine defendants with Title 8 United States Code § 1326 – illegal re-entry following removal. In 2023, the office charged eight such defendants.

    The District of New Mexico announced its immigration enforcement statistics. These cases are prosecuted in partnership with the El Paso Sector of the U.S. Border Patrol, along with Homeland Security Investigations El Paso, and assistance from other federal, state, and county agencies. The United States Attorney’s Office brought the following criminal charges in New Mexico: 79 individuals were charged this week with Illegal Reentry After Deportation (8 U.S.C. 1326), 11 individuals were charged this week with Alien Smuggling (8 U.S.C. 1324), 12 individuals were charged this week with Illegal Entry (8 U.S.C. 1325), and 130 individuals were charged this week with Illegal Entry (8 U.S.C. 1325) and 50 U.S.C. 797, violation of a military security regulation, arising from the newly established National Defense Area in New Mexico.

    We are grateful for the hard work of our border prosecutors in bringing these cases and helping to make our border safe again. 

    MIL Security OSI –

  • MIL-OSI United Kingdom: SNP announce candidates for 2026 Scottish Parliament elections

    Source: Scottish National Party

    The Scottish National Party has published the list of its candidates selected for constituencies in the 2026 Scottish Parliament Elections.

    The Chair of the SNP’s election campaign committee, Angus Robertson MSP, described those selected by local party members as “a group of brilliant, talented and diverse candidates” to take forward the SNP’s positive vision for Scotland’s future at next year’s Scottish Parliament elections.

    “Under John Swinney’s leadership, the SNP will be offering the people of Scotland the opportunity to vote for party laser focussed on creating a vibrant economy in every part of our country” Mr Robertson said.

    He added that the candidates would equally be focussed on “tackling the challenges faced by our public services, and creating a better future for everyone who lives here”.

    Mr Robertson concluded by saying: “When people go to the ballot box next year, they can be assured that a vote for the SNP is a vote for a party who will always be on Scotland’s side.”

    The candidates selected by local SNP associations and members can be read below:

    MIL OSI United Kingdom –

  • MIL-OSI: OP Mortgage Bank: Interim Report 1 January–31 March 2025

    Source: GlobeNewswire (MIL-OSI)

    OP Mortgage Bank
    Interim Report 1 January–31 March 2025
    Stock Exchange Release 7 May 2025 at 10.00 EEST

    OP Mortgage Bank: Interim Report 1 January–31 March 2025

    OP Mortgage Bank (OP MB) is the covered bond issuing entity of OP Financial Group. Together with OP Corporate Bank plc, its role is to raise funding for OP Financial Group from money and capital markets.

    Financial standing

    The intermediary loans of OP MB totalled EUR 14,800 million (14,800)* at the end of March. Bonds issued by OP MB totalled EUR 14,800 million (14,800) at the end of March.

    OP MB’s covered bonds after 8 July 2022 are issued under the Euro Medium Term Covered Bond (Premium) programme (EMTCB), pursuant to the Finnish Act on Mortgage Credit Banks and Covered Bonds (151/2022). The collateral is added to the EMTCB cover pool from the member cooperative banks’ balance sheets via the intermediary loan process on the issue date of a new covered bond.
     
    At the end of March, 79 OP cooperative banks had a total of EUR 14,800 million (14,800) in intermediary loans from OP MB. 

    Impairment loss on receivables related to loans in OP MB’s balance sheet totalled EUR 0.0 million (0.0). Loss allowance was EUR 0.0 million (0.0) following the sale of the loan portfolio.

    Operating profit was EUR 1.7 million (2.3). The company’s financial standing remained stable throughout the reporting period. 

    * The comparatives for 2024 are given in brackets. For income statement and other aggregated figures, January–March 2024 figures serve as comparatives. For balance-sheet and other cross-sectional figures, figures at the end of the previous financial year (31 December 2024) serve as comparatives. 

    Collateralisation of bonds issued to the public

    The European covered bonds (premium) issued under the EMTCB programme worth EUR 25 billion established on 11 October 2022, in accordance with the Act on Mortgage Credit Banks and Covered Bonds (151/2022), totalled EUR 6,250 million. The cover pool included a total of EUR 6,882 million in loans serving as collateral at the end of March. Overcollateralisation exceeded the minimum requirement under the Act (151/2022).

    The covered bonds issued under the Euro Medium Term Covered Note programme worth EUR 20 billion established on 12 November 2010, in accordance with the Act on Mortgage Credit Banks (Laki kiinnitysluottopankkitoiminnasta, 688/2010), totalled EUR 8,550 million. The cover pool included a total of EUR 9,468 million in loans serving as collateral at the end of March. Overcollateralisation exceeded the minimum requirement under the Act (688/2010).

    Capital adequacy

    OP MB’s Common Equity Tier 1 (CET1) ratio stood at 372.0% (797.0) at the end of March. The ratio decreased due to an increase in total risk exposure amount based on a
    regulatory change. The changes in the EU Capital Requirements Regulation (CRR3), which entered into force on 1 January 2025, particularly affected the calculation of total risk exposure amount. The figures for the comparative period have been calculated based on the regulation in force in 2024. The minimum CET1 capital requirement is 4.5% and the requirement for the capital conservation buffer is 2.5%. The minimum total capital requirement is 8% (or 10.5% with the increased capital conservation buffer). OP MB fully covers its capital requirements with CET1 capital, which in practice means that it has a CET1 capital requirement of 10.5%. Estimated profit distribution has been subtracted from earnings for the reporting period.

    The capital adequacy requirement for credit risk is measured using the Standardised Approach (SA).

    OP MB belongs to OP Financial Group. As part of the Group, OP MB is supervised by the European Central Bank. OP Financial Group presents capital adequacy information in its financial statements bulletins and interim and half-year financial reports in accordance with the Act on the Amalgamation of Deposit Banks. OP Financial Group also publishes Pillar 3 disclosures.

    Own funds and capital adequacy, TEUR 31 Mar 2025 31 Dec 2024
    Equity capital 365,998 368,122
    Common Equity Tier 1 (CET1) before deductions 365,998 368,122
    Excess funding of pension liability    
    Proposed profit distribution -1,341 -3,466
    Share of unaudited profits    
    Insufficient coverage for non-performing exposures    
         
    CET1 capital 364,657 364,656
    Tier 1 capital (T1) 364,657 364,656
    Tier 2 capital (T2)    
    Total own funds 364,657 364,656
         
    Total risk exposure amount, TEUR 31 Mar 2025 31 Dec 2024
    Credit and counterparty risk 3,185 18,581
    Operational risk (Standardised Approach) 94,841 26,636
    Other risks* 7 538
    Total risk exposure amount 98,034 45,755
    * Risks not otherwise covered.
         		    
    Ratios, % 31 Mar 2025 31 Dec 2024
    CET1 capital ratio 372.0 797.0
    Tier 1 capital ratio 372.0 797.0
    Capital adequacy ratio 372.0 797.0
    Capital requirement, TEUR    
    Own funds 364,657 364,656
    Capital requirement 10,294 4,804
    Buffer for capital requirements 354,363 359,852

    Joint and several liability of amalgamation 

    Under the Act on the Amalgamation of Deposit Banks (599/2010), the amalgamation of cooperative banks comprises the organisation’s central cooperative (OP Cooperative), the central cooperative’s member credit institutions and the companies belonging to their consolidation groups, as well as credit and financial institutions and service companies in which the above together hold more than half of the total votes. This amalgamation is supervised on a consolidated basis. On 31 March 2025, OP Cooperative’s member credit institutions comprised 79 OP cooperative banks, OP Corporate Bank plc, OP Mortgage Bank and OP Retail Customers plc.

    The central cooperative is responsible for issuing instructions to its member credit institutions concerning their internal control and risk management, their procedures for securing liquidity and capital adequacy, and for compliance with harmonised accounting policies in the preparation of the amalgamation’s consolidated financial statements.

    As a support measure referred to in the Act on the Amalgamation of Deposit Banks, the central cooperative is liable to pay any of its member credit institutions the amount necessary to preventing the credit institution from being placed in liquidation. The central cooperative is also liable for the debts of a member credit institution which cannot be paid using the member credit institution’s assets.

    Each member bank is liable to pay a proportion of the amount which the central cooperative has paid to either another member bank as a support measure or to a creditor of such a member bank in payment of an overdue amount which the creditor has not received from the member bank. Furthermore, if the central cooperative defaults, a member bank has unlimited refinancing liability for the central cooperative’s debts as referred to in the Co-operatives Act.

    Each member bank’s liability for the amount the central cooperative has paid to the creditor on behalf of a member bank is divided between the member banks in proportion to their last adopted balance sheets. OP Financial Group’s insurance companies do not fall within the scope of joint and several liability.

    According to section 25 of the Act on Mortgage Credit Banks (688/2010), which was valid at that time, the creditors of covered bonds issued prior to 8 July 2022 have the right to receive payment, before other claims, for the entire term of the bond, in accordance with the terms and conditions of the bond, out of the funds entered as collateral, without this being prevented by OP MB’s liquidation or bankruptcy. A similar and equal priority also applies to derivative contracts entered in the register of bonds, and to marginal lending facilities referred to in section 26, subsection 4 of said Act. For mortgage-backed loans issued prior to 8 July 2022 and included in the total amount of collateral of covered bonds, the priority of the covered bond holders’ payment right is limited to the amount of loan that, with respect to home loans, corresponds to 70% of the value of shares or property serving as security for the loan and entered in the bond register at the time of the issuer’s liquidation or bankruptcy declaration.

    Under section 20 of the Act on Mortgage Credit Banks and Covered Bonds (151/2022), which entered into force on 8 July 2022, the creditors of bonds issued after 8 July 2022, including the related management and clearing costs, have the right to receive payment from the collateral included in the cover pool, before other creditors of OP MB or the OP cooperative bank which is the debtor of an intermediary loan. A similar priority also applies to creditors of derivative contracts related to covered bonds, including the related management and clearing costs. Interest and yield accruing on the collateral, and any substitute assets, fall within the scope of said priority.

    Section 44, subsection 3 of the Act on Mortgage Credit Banks and Covered Bonds includes provisions on the creditor’s priority claim regarding cover pool liquidity support. According to said subsection, the creditor has the right to receive payment against the funds contained in the cover pool after claims based on the principal and interest of covered bonds secured by the cover assets included in the cover pool, obligations based on derivatives contracts associated with covered bonds, as well as administration and liquidation costs.

    Sustainability and corporate responsibility

    As of 2024, OP Financial Group has reported on its sustainability and corporate responsibility in accordance with the European Sustainability Reporting Standards (ESRS) under the EU’s Corporate Sustainability Reporting Directive (CSRD).

    Responsible business is one of OP Financial Group’s strategic priorities. OP Financial Group’s sustainability programme guides the Group’s actions and is built around three themes: Climate and the environment, People and communities, and Corporate governance. Read more about the sustainability programme at www.op.fi/en/op-financialgroup/corporate-social-responsibility/corporate-social-responsibility-programme.

    At OP Financial Group, sustainability and corporate responsibility are guided by a number of principles and policies. OP Financial Group is committed to complying not only with all applicable laws and regulations, but also with a number of international initiatives that guide operations. The Group is committed to complying with the ten principles of the UN Global Compact initiative in the areas of human rights, labour rights, the environment and anti-corruption. OP Financial Group is a Founding Signatory of the Principles for Responsible Banking under the United Nations Environment Programme Finance Initiative (UNEP FI). Furthermore, OP Financial Group is committed to complying with the UN Principles for Responsible Investment and the UN Principles for Sustainable Insurance. OP Financial Group’s biodiversity roadmap includes measures to promote biodiversity. OP Financial Group aims to grow its nature positive handprint by 2030. ‘Nature positive’ means that OP Financial Group’s operations will have a net positive impact (NPI) on nature.

    OP Financial Group has drawn up a Human Rights Statement and Human Rights Policy. The Group respects all recognised human rights. The Human Rights Statement includes the requirements and expectations that OP Financial Group has set for itself and actors in its value chains. OP Financial Group is committed to perform remediation actions if its operations have adverse human rights impacts.

    In March 2025, OP MB published a Green Covered Bond Report on the allocation and impacts of Finland’s first green covered bonds issued in March 2021 and April 2022. Under OP MB’s Green Covered Bond Framework, proceeds from the bonds have been allocated to mortgages with energy-efficient residential buildings as collateral. The environmental impacts allocated to the green covered bonds in 2024 were 58,000 MWh of energy use avoided per year and 5,500 tonnes of CO2-equivalent emissions avoided per year.

    Personnel

    At the end of the reporting period, OP MB had six employees. OP MB has been digitising its operations and purchases all key support services from OP Cooperative and its subsidiaries, reducing the need for its own personnel.

    Governing body members 

    The Board composition is as follows: 

    Chair Mikko Timonen Chief Financial Officer, OP Cooperative
    Members Satu Nurmi Business Lead, SME Financing, OP Retail
    Customers plc
      Mari Heikkilä Head of Group Treasury & ALM, OP Corporate Bank plc

    OP MB’s Managing Director is Sanna Eriksson. The deputy Managing Director is Tuomas Ruotsalainen, Senior Covered Bonds Manager at OP MB.

    Risk profile

    OP MB has a strong capital base, capital buffers and risk-bearing capacity. OP MB’s most significant risks are related to the quality of collateral and to structural liquidity and interest rate risks on the balance sheet, for which limits have been set in the Banking Risk Policy. The key credit risk indicators in use show that OP MB’s credit risk exposure is stable. OP MB has used interest rate swaps to hedge against its interest rate
    risk. Interest rate swaps have been used to swap home loan interest, intermediary loan interest and interest on issued bonds onto the same basis rate. OP MB has concluded all derivative contracts for hedging purposes, applying fair value hedges which have OP Corporate Bank plc as their counterparty. OP MB’s interest risk exposure is under control and has been within the set limit.

    The liquidity buffer for OP Financial Group is centrally managed by OP Corporate Bank and therefore exploitable by OP MB. At the end of the reporting period, OP Financial Group’s Liquidity Coverage Ratio (LCR) was 202% and the Net Stable Funding Ratio (NSFR) was 129%. OP MB monitors its cash flows on a daily basis to secure funding liquidity and its structural funding risk on a regular basis as part of the company’s internal capital adequacy assessment process (ICAAP).

    An analysis of OP MB’s risk exposure should always take account of OP Financial Group’s risk exposure, which is based on the joint and several liability of all its member credit institutions. The member credit institutions are jointly liable for each other’s debts. All member banks must participate in support measures, as referred to in the Act on the Amalgamation of Deposit Banks, to support each other’s capital adequacy.

    OP Financial Group analyses the business environment as part of its ongoing risk assessment activities and strategy process. Megatrends and worldviews behind OP Financial Group’s strategy reflect driving forces that affect the daily activities, conditions and future of the Group and its customers. Factors currently shaping the business environment include climate, biodiversity loss, scientific and technological innovations, polarisation, demography and geopolitics. External business environment factors are considered thoroughly, so that their effects on customers’ future success are understood. OP Financial Group provides advice and makes business decisions that promote the sustainable financial success, security and wellbeing of its owner-customers and operating region while managing the Group’s risk profile on a longer-term basis. Advice for customers, risk-based service sizing, contract lifecycle management, decision-making, management and reporting are based on correct and comprehensive information.

    Outlook

    The global economic outlook has weakened due to increased tariffs and a higher level of uncertainty. The Finnish economy is likely to grow less than previously expected and the outlook is exceptionally uncertain. The escalation of geopolitical crises or a rise in trade barriers may affect capital markets and the economic environment of OP Financial Group and its customers.

    OP MB’s capital adequacy is expected to remain strong and its risk exposure favourable. This enables issuance of covered bonds in the future.

    Schedule for Interim Reports in 2025

    Half-year Financial Report 1 January–30 June 2025 30 July 2025
    Interim Report 1 January–30 September 2025 28 October 2025

    Helsinki, 7 May 2025

    OP Mortgage Bank
    Board of Directors

    For more information, please contact:
    Sanna Eriksson, Managing Director, tel. +358 10 252 2517

    DISTRIBUTION
    LSE London Stock Exchange
    Euronext Dublin (Irish Stock Exchange)
    Officially Appointed Mechanism (OAM)
    Major media
    op.fi 

    The MIL Network –

  • MIL-OSI: UNICOM Engineering Announces Strategic Partnership with E4 Computer Engineering to Deliver Advanced AI Infrastructure Solutions

    Source: GlobeNewswire (MIL-OSI)

    CANTON, Mass., May 07, 2025 (GLOBE NEWSWIRE) — UNICOM Engineering announces a strategic partnership with E4 Computer Engineering, the Italian leader in High-Performance Computing (HPC) and AI-driven solutions. This collaboration expands UNICOM Engineering’s presence in the European market by offering comprehensive, integrated AI infrastructure solutions designed to accelerate deployment and optimize performance.

    The partnership combines UNICOM Engineering’s expertise in liquid cooling technologies and custom server solutions with E4’s extensive experience designing and deploying advanced HPC-AI and dense compute solutions across various sectors, including Research and Development, Banking, Government, Automotive, and Aerospace.

    “This strategic partnership with E4 Computer Engineering represents an important step in our European expansion strategy,” said Rusty Cone, General Manager of UNICOM Engineering. “Combining our engineering expertise and technology portfolio with E4’s market presence and industry knowledge, we’re uniquely positioned to deliver the next generation of AI-ready infrastructure solutions to the European market. Together, we’re enabling our customers to accelerate their AI initiatives while addressing critical challenges around power efficiency and sustainability.”

    Accelerating AI Adoption Through Advanced Infrastructure

    The partnership aims to deliver comprehensive infrastructure solutions optimized for AI workloads, including systems powered by the latest accelerated computing technologies. UNICOM Engineering brings its expertise in developing thermal management and immersion cooling solutions, which are crucial for handling the intense power densities of modern AI systems, while E4 contributes its extensive experience in designing, deploying, and supporting complex HPC and AI environments.

    “Organizations across EMEA are looking forward to harnessing the transformative potential of AI, but face significant infrastructure challenges,” said Cosimo Damiano Gianfreda, CEO and Co-founder of E4. “Our partnership with UNICOM Engineering allows E4 to address these challenges head-on, providing our customers with purpose-built solutions that deliver the performance they need while meeting their sustainability goals. We’re excited to combine our expertise to drive AI innovation across the Italian and Swiss markets.”

    This partnership enables enterprises to achieve faster time to value for their AI investments, with infrastructure solutions designed to deliver optimal performance while addressing the power and cooling challenges that often complicate AI deployments.

    About UNICOM Engineering
    UNICOM Engineering is a leading provider of purpose-built application platforms, appliances, and life cycle deployment services for solution providers and OEMs serving the global data center, storage, security, communications, video, and healthcare IT markets. We are best known for our solution design technologies, integration expertise, and unique deployment capabilities. Our turnkey platforms and appliances are designed for longevity and backed by life cycle management services. We create products and business solutions that solve deployment challenges, accelerate time to market, reduce ownership costs, and increase business efficiencies. For more information, visit www.unicomengineering.com.

    About E4
    E4 is an Italian provider of High-Performance Computing (HPC) and AI-driven solutions. With a strong focus on innovation and technical excellence, E4 designs, develops, and delivers advanced computing systems and services to research institutions, enterprises, and government organizations. The company’s expertise spans various sectors, including scientific research, finance, automotive, aerospace and more. E4 is dedicated to helping its customers harness the power of cutting-edge technologies to drive innovation and achieve their strategic objectives. For more information, visit www.e4company.com.

    Media Contacts

    UNICOM Engineering Contact:
    Lisa Ryan
    lisa.ryan@unicomengineering.com

    E4 Contact:
    Maria Chiara Marchi
    mariachiara.marchi@e4company.com

    The MIL Network –

  • MIL-OSI: VC VentureX Rebalances Portfolio Ahead of Anticipated Altcoin Supercycle in 2025

    Source: GlobeNewswire (MIL-OSI)

    Understanding the potential of the altcoin market with VentureX.

    LONDON, May 07, 2025 (GLOBE NEWSWIRE) — VC VentureX, a forward-looking blockchain venture capital firm, today announced strategic portfolio adjustments in Q2 2025 as it positions for an expected “altcoin supercycle.” With macroeconomic tailwinds strengthening and the cryptocurrency market dynamics evolving, VC VentureX is decisively reallocating capital into key altcoins. The firm believes Bitcoin’s market dominance is nearing a peak signaling an imminent rotation of capital into alternative cryptocurrencies and is gearing up to capitalize on the next phase of crypto market growth.

    Market Context: Macro Tailwinds and Capital Rotation

    Global economic conditions in 2025 are increasingly favorable for high-growth assets like cryptocurrencies. Easing inflation and shifts in central bank policies are improving liquidity, which could fuel a broad crypto rally. Historically, lower inflation and interest rate cuts inject liquidity into markets, often driving significant altcoin rallies. VC VentureX notes that major central banks are pivoting toward a more accommodative stance, a trend that could trigger an altcoin season much like the liquidity-fueled boom of 2020–2021.

    This bullish outlook is reinforced by historical market cycles. Bitcoin’s dominance has historically set the stage for outsized gains across the crypto sector. Typically, Bitcoin surges to new highs, then investors rotate profits into altcoins, lifting the entire market. VC VentureX analysts point out that Bitcoin’s market dominance now at multi-year highs tends to peak and then decline as capital flows into altcoins, signaling potential for a major altcoin cycle ahead.

    “Market indicators suggest that Bitcoin’s dominance lead is likely to ebb, paving the way for a broad-based altcoin rally, much as we’ve seen in past cycles,” said Markus Weber, CEO at VC VentureX. Historical data shows altcoin seasons typically begin once Bitcoin’s initial rally slows. “We’ve been anticipating this capital rotation into altcoins, and our Q2 moves reflect that conviction,” Weber added.

    Strategic Portfolio Moves in Q2 2025

    In line with its outlook, VC VentureX has rebalanced its crypto portfolio to increase exposure to high-conviction altcoins while trimming positions in select assets. Key adjustments this quarter include:

    • Ethereum (ETH): Additional purchase – 12,752 ETH, underscoring Ethereum’s status as the leading smart contract platform and bellwether for the altcoin market.
    • Litecoin (LTC): Additional purchase – 41,485 LTC, recognizing Litecoin’s strong network fundamentals and growing institutional recognition.
    • Aave (AAVE): New purchase – 54,268 AAVE, viewed as undervalued and poised to benefit from increasing institutional and retail adoption.
    • Bitcoin Cash (BCH): New purchase – 24,189 BCH, aligning with the thesis that top-tier, utility-driven altcoins will lead the next growth phase.
    • Sui (SUI): Partial sale – 1,958,945 SUI, due to concerns about upcoming token unlocks and liquidity impacts.

    Portfolio Transaction Summary:

    • Ethereum (ETH): Additional purchase – 12,752 ETH
    • Litecoin (LTC): Additional purchase – 41,485 LTC
    • Aave (AAVE): New purchase – 54,268 AAVE
    • Bitcoin Cash (BCH): New purchase – 24,189 BCH
    • Sui (SUI): Partial sale – 1,958,945 SUI

    These portfolio moves showcase VC VentureX’s decisiveness and adaptive strategy in a rapidly changing market. The firm’s forward-looking philosophy centers on anticipating major inflection points such as the rotation from Bitcoin to altcoins and acting with conviction. VC VentureX’s investment approach is grounded in proactive research and the courage to pivot when the data calls for it. In Q2, the firm realigned its holdings to maximize exposure to what it believes are the next drivers of crypto value.

    Thematic Insights: Why VC VentureX Is Bullish on Altcoins

    Underpinning VC VentureX’s strategy are several key themes signaling heightened opportunities for altcoins:

    • Improving Market Liquidity & Institutional Adoption: Favorable macroeconomic conditions and increasing regulatory clarity are boosting altcoin growth. Institutional participation via new investment vehicles accelerates mainstream adoption, benefiting quality altcoins like ETH, LTC, and BCH.
    • Maturation of Decentralized Finance: DeFi’s evolving landscape, exemplified by platforms like Aave, demonstrates sustainable growth and increased institutional integration.
    • Ethereum’s Ecosystem and Layer-2 Innovation: Ethereum’s scalability improvements and surging Layer-2 adoption significantly enhance its appeal and market value, positioning ETH and related assets as central beneficiaries of the coming altcoin supercycle.
    • Broader Adoption and Crypto Conviction: The crypto industry’s robust infrastructure, expanding narratives, and diversified innovation across payments, gaming, and decentralized applications indicate a broader, more resilient altcoin cycle.

    Future-Focused Outlook and Preparedness

    With these strategic moves, VC VentureX signals its readiness and enthusiasm for what lies ahead. The firm’s leadership maintains its high-conviction outlook that an altcoin supercycle is on the horizon. Early signs of altcoin strength, rising trading volumes, and evolving market dynamics reinforce the firm’s proactive positioning.

    VC VentureX remains vigilant, continuously monitoring market indicators to adapt swiftly and strategically. “We’ve positioned our portfolio proactively for this next wave,” said Emma Johansson, Portfolio Manager at VC VentureX. “Our decisive reallocation in Q2 is a testament to our conviction. VC VentureX is prepared, financially and philosophically, to navigate the coming altcoin cycle confidently.”

    As the crypto market enters this new chapter, VC VentureX stands committed to its forward-looking strategy. Guided by robust research and a long-term vision of blockchain’s transformative potential, the firm embraces the future, eager to participate in and drive the next altcoin supercycle.

    Media Contact:
    Carlos Hernandez – CMO
    VC VentureX
    hello@vcventurex.com
    https://vcventurex.com/

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/ce351d0a-aaf7-4150-ae3d-39cb96d08be5

    The MIL Network –

  • MIL-OSI: IdentityIQ $1 Free Trial [2025] Top Identity And Credit Protection Services!

    Source: GlobeNewswire (MIL-OSI)

    Temecula, CA, May 07, 2025 (GLOBE NEWSWIRE) —

    IdentityIQ, a leading provider of identity theft protection and credit monitoring services, is offering a 7-day trial for just $1 in 2025. The initiative aims to provide individuals and families affordable access to comprehensive identity protection solutions.

    ⇒ Get Premium Protection with IdentityIQ Free Trial Offer!

    With the increasing prevalence of cyber threats and identity fraud, IdentityIQ’s free trial for $1 only offers users the opportunity to experience its robust suite of identity protection solutions before committing. The 7-day trial includes real-time credit monitoring, dark web surveillance, and up to one million dollars in identity theft insurance coverage. 

    The trial also contains features like identity theft monitoring and application alerts, allowing users to test features for safeguarding against various forms of identity fraud.

    To enroll in the IdentityIQ trial offer, user can visit IdentityIQ.com and select a plan that best suits their needs. After the trial period, users have the option to continue with a full subscription, ensuring uninterrupted protection.

    ⇒ Experience Top-Tier Identity Protection with IdentityIQ Free Trial!

    About IdentityIQ

    Founded in 2009, IdentityIQ is committed to delivering top-tier identity theft protection and credit monitoring services. The company offers a range of plans designed to meet the diverse needs of its clientele. 

    IdentityIQ provides the tools necessary to navigate the digital landscape securely. With a multi-layered approach to digital security, IdentityIQ offers comprehensive services, including real-time credit monitoring, dark web surveillance, and up to $1 million in identity theft insurance. Their Enhanced Credit Monitoring provides users with alerts on critical changes, such as the addition of authorized users or significant fluctuations in credit scores, enabling early detection of potential fraud.

    IdentityIQ’s commitment extends to providing personalized support through a U.S.-based customer care team and a dedicated fraud restoration team. 

    In the event of identity theft, the company offers comprehensive assistance, including legal support and reimbursement for stolen funds, ensuring users can recover with minimal disruption.

    ⇒ Start strong with the IdentityIQ $1 free trial and full features!

    Why IdentityIQ is Essential in 2025

    Digital threats have become more sophisticated today, making identity protection a necessity for everyone. IdentityIQ stands out as an essential service in 2025, offering comprehensive identity theft protection and credit monitoring. Their proactive approach, combined with user-friendly tools and dedicated support, protects individuals against online threats. 

    IdentityIQ offers comprehensive services to safeguard personal and financial information. Their plans include real-time credit monitoring, dark web surveillance, and up to $1 million in identity theft insurance, providing users with robust protection against potential breaches.

    ⇒ Protect your financial future with IdentityIQ $1 free trial!

    IdentityIQ’s credit monitoring services keep a vigilant eye on users’ credit reports, alerting them to any significant changes. This proactive approach enables individuals to respond swiftly to unauthorized activities, minimizing potential damage. 

    The company’s dark web surveillance scans for personal information that may have been compromised. If sensitive data is detected, IdentityIQ promptly notifies the user, allowing immediate action to prevent misuse. This feature is crucial in an era where cybercriminals frequently trade stolen information online.

    Additionally, IdentityIQ’s identity theft insurance offers financial protection, covering expenses related to identity restoration. This includes reimbursement for lost wages, legal fees, and other costs incurred during the recovery process. Such coverage provides peace of mind to users navigating the aftermath of identity theft. 

    ⇒ Detect threats early—start IdentityIQ $1 free trial today!

    The service’s user-friendly interface allows individuals to access their credit information and receive alerts easily. Users can monitor their credit scores, track changes, and receive timely notifications, facilitating informed financial decisions. This accessibility empowers users to take control of their financial health. 

    The company’s U.S.-based customer support team provides assistance during incidents of identity theft. They guide users through the recovery process, offering expert advice and support. This personalized service enhances the overall user experience.

    IdentityIQ offers flexible plans to cater to varying needs and budgets. From basic monitoring to comprehensive protection, users can select a plan that aligns with their requirements. This adaptability ensures that a broad audience can benefit from their services.

    ⇒ Your Identity Deserves the Best Defense – Try IdentityIQ!

    IdentityIQ Reviews: Features and User Experience 

    Advanced Identity Monitoring

    IdentityIQ extends its protection well beyond credit monitoring by tapping into a wide range of data sources to spot early signs of identity theft, especially across high-risk areas like the dark web and public databases.

    Dark Web Surveillance: IdentityIQ continuously scans the dark web, where stolen personal data is frequently bought and sold. Its thorough monitoring searches for exposed Social Security numbers, names, addresses, and other sensitive information that could indicate fraud.

    ⇒ Stay ahead of fraud with IdentityIQ $1 free trial protection!

    Criminal Record Alerts: The service keeps tabs on both national and international criminal databases, flagging any arrests or convictions linked to your name and date of birth. This vigilant tracking helps ensure you’re not mistakenly implicated if someone else uses your identity in legal trouble—a surprisingly common risk.

    Address Change Tracking: To prevent mail fraud and unauthorized account openings, IdentityIQ monitors both credit bureau data and the National Change of Address registry for any suspicious updates to your address. This dual-layered approach strengthens your defenses against fraudsters rerouting your personal information.

    Robust Family Identity Protection

    With identity theft increasingly targeting children, IdentityIQ offers essential safeguards for families. A 2018 Javelin Strategy & Research report found that over 1 million U.S. children were affected by identity theft in 2017, resulting in nearly $2.7 billion in losses. Shockingly, the majority of these victims were under age 7, and another 20% were between 8 and 12.

    IdentityIQ helps parents stay vigilant by offering monitoring services that track their child’s Social Security number and flag potential misuse. These tools allow families to act quickly and prevent serious damage before it starts.

    ⇒ Protect Your Identity and Finances with IdentityIQ Free Trial!

    Frequent Credit Reports & Scores

    Credit health plays a critical role in spotting identity theft, and IdentityIQ equips users with the ability to check their credit reports up to 12 times per year. This frequent access makes it easier to stay on top of your credit status, catch discrepancies early, and maintain a strong financial position.

    By delivering comprehensive identity monitoring, proactive family protection, and regular credit access, IdentityIQ offers a well-rounded defense against identity theft. Its services are designed not just to react to threats but to empower users to take control of their security in a constantly evolving digital landscape.

    Thorough SSN Monitoring

    IdentityIQ offers an enhanced level of protection with its robust Social Security Number (SSN) tracking capabilities. Unlike other identity theft services that only alert you if your SSN is used alongside unfamiliar names or addresses, IdentityIQ takes monitoring a step further. Their system notifies you every single time your SSN is used—no matter the context—giving you full visibility into any activity linked to your number.

    This proactive approach allows you to quickly detect potential threats and unauthorized use, ensuring you’re always a step ahead of identity thieves. With IdentityIQ’s real-time alerts and diligent SSN tracking, users gain greater control over their personal security, knowing their sensitive information is constantly under watch.

    ⇒ Secure Your Identity and Finance for Just $1 – Try IdentityIQ!

    Comprehensive Credit Monitoring

    IdentityIQ keeps a close eye on your credit, tracking data across all three major credit bureaus—Equifax, Experian, and TransUnion. Users receive timely alerts for any notable changes or suspicious activity within their credit files. Full three-bureau monitoring is included with the Secure Pro and Secure Max plans, while more basic plans provide single-bureau tracking.

    The service monitors a variety of credit-related factors, including:

    • Updates to personal information or address
    • Delinquent accounts or missed payments
    • New credit inquiries and loan applications
    • Court judgments, public records, and collections
    • New credit lines or loans in your name

    What sets IdentityIQ apart is its attention to detail. For instance, you’ll get notified when someone is added as an authorized user on your credit card or if a bank card suddenly exceeds its credit limit—alerts that can easily go unnoticed with other services. The platform also keeps tabs on changes in collection balances and closed accounts, adding deeper layers of vigilance.

    To fully activate these protective features, IdentityIQ does require you to share detailed personal information during setup, which can be a bit time-intensive. However, for users who are serious about safeguarding their financial identity, peace of mind and depth of protection make it a worthwhile investment.

    ⇒ Unlock your credit report using the IdentityIQ $1 free trial!

    Robust Identity Theft Insurance

    Restoring your identity after theft can be a daunting and expensive process, often requiring legal expertise. In the U.S., attorney fees typically range from $100 to $400 per hour, which can quickly add up. That’s where IdentityIQ’s identity theft insurance comes in, offering up to $1 million in coverage to protect against both direct losses and the hidden costs that come with reclaiming your identity.

    This extensive insurance package covers a wide range of incidents, including:

    Reimbursement for Stolen Funds

    If hackers drain your bank account through unauthorized electronic fund transfers, IdentityIQ’s insurance will reimburse the stolen amount, helping to cushion the financial blow.

    Legal Fees and Related Costs

    Identity theft recovery can involve legal battles. IdentityIQ’s policy covers legal fees and expenses, so you won’t have to shoulder the burden of high attorney costs alone. This is a standout feature, as other identity protection services don’t include legal coverage within their insurance plans.

    ⇒  Safeguard Your Identity with IdentityIQ Comprehensive Protection!

    Compensation for Lost Wages

    If your recovery process forces you to miss work, IdentityIQ provides wage reimbursement of up to $1,500 per week for as long as five weeks, ensuring that your financial stability isn’t compromised during this stressful period.

    Miscellaneous Expenses

    From postage and notarization fees to document replacement costs, the policy also reimburses a variety of incidental expenses tied to your identity recovery.

    While other identity protection services may offer similar $1 million insurance policies, IdentityIQ’s inclusion of legal and wage loss coverage gives it a clear advantage. This comprehensive safety net helps users feel more secure knowing they’re fully supported, both legally and financially, should identity theft occur.

    ⇒ Experience Proactive Identity Monitoring with IdentityIQ Today!

    Simple, Streamlined Dashboard

    Beyond its powerful features, what truly matters is how effortlessly you can manage them—and IdentityIQ delivers with its easy-to-navigate dashboard. Available via the IdentityIQ website, the dashboard offers a clear, at-a-glance summary of your credit status, identity monitoring alerts, and credit scores from all three major bureaus. It’s designed for clarity, with a feature list that lets you quickly identify any additional protections you might want to explore, such as monitoring for social media fraud.

    In your account settings, it’s simple to update personal details, change passwords, and manage security questions. You’ll also find direct access to your monthly credit report, monitoring preferences, and other tools that strengthen your identity security. For users with family coverage, there’s a dedicated option to easily add dependents under your plan, giving you full control of your family’s protection in one place.

    The dashboard is intuitive and performs smoothly on a desktop, offering a seamless experience. One thing to note: IdentityIQ doesn’t currently have a standalone mobile app, and while the web version works on mobile browsers, navigation can be a bit trickier on smaller screens. That said, the desktop platform remains a reliable and user-friendly hub for monitoring your identity.

    ⇒ Sign up for IdentityIQ $1 free trial and receive real-time alerts!

    Real-Time Alerts When It Matters Most

    In a world where cybercriminals strike fast and quietly, early detection is your best defense. IdentityIQ’s real-time alerts are built to keep you one step ahead. Without regular oversight, you might not notice fraudulent activity until it’s too late—but with IdentityIQ, you’re notified the moment suspicious activity appears on your account.

    Think of it as a 24/7 security system for your identity. From sudden changes in your credit report to unauthorized attempts to open new accounts, you’ll receive instant updates that allow you to take action quickly—potentially stopping fraud before it spirals out of control. These daily alerts empower you to respond immediately, giving you the upper hand in preventing financial loss and minimizing recovery time.

    Price Information

    With flexible plans starting at less than $8 per month, IdentityIQ makes robust identity protection accessible to a broad audience. Their services are designed to adapt to the evolving digital landscape, offering users peace of mind in an increasingly connected world.

    ⇒ Don’t wait—start the IdentityIQ $1 free trial instantly!

    User Experience – Real Buyer Reviews on TrustPilot

    Reviews of IdentityIQ often highlight outstanding customer service and strong identity protection. Many users commend the knowledgeable and patient representatives who help navigate credit disputes, data breaches, and security concerns. 

    Customers appreciate the platform’s ease of use, real-time alerts, and thorough support, which provide peace of mind and confidence in safeguarding personal information.

    ⇒ Take Control of Your Identity with IdentityIQ $1 Free Trial!

    IdentityIQ Stands Strong Against Persistent Identity Theft

    A user shared a powerful account of enduring two decades of severe identity theft, which led to bankruptcy and significant personal loss. Despite feeling abandoned by authorities and repeatedly targeted by a skilled fraudster, the user found steadfast support from IdentityIQ. For seven years, the company’s restoration team remained dedicated. They took the client’s case seriously and worked to help restore security. The user expressed deep gratitude to IdentityIQ, crediting their expertise and commitment to giving hope and inspiring the client to share the positive experience in a book.

    Exceptional Support and Credit Help from IdentityIQ

    A long-time customer praised IdentityIQ for its outstanding service and reliable credit protection. The reviewer highlighted the exceptional help received from a representative, who not only assisted in disputing items on their credit report but also helped their partner join the service. They added extra protection through IdentityIQ’s 24-hour automated identity monitoring and commendable customer service, which provided valuable advice on credit and first-time home buying.

    ⇒ Empower Yourself with a Comprehensive IdentityIQ Security Solution!

    Outstanding Support and Peace of Mind with IdentityIQ

    After experiencing a data breach, the reviewer turned to IdentityIQ and was impressed by the prompt and thorough support. Their representative provided professional, empathetic guidance and explained the platform’s features, including real-time alerts and detailed credit monitoring. With the customer representative’s help, the reviewer secured their personal and financial information. IdentityIQ’s swift response brought peace of mind, earning strong recommendations for its reliable identity protection.

    ⇒️ Try the IdentityIQ $1 free trial and safeguard your identity!

    Patient and Reassuring Service from IdentityIQ’s Fraud Team

    A reviewer praised IdentityIQ’s fraud team, highlighting the customer support team members for their patience and thorough assistance. Despite personal challenges, the reviewer felt supported and never rushed, as all of his questions were answered clearly. The attentive service provided reassurance and confidence, leaving the reviewer feeling secure and well cared for.

    Pros (Based on User Reviews):

    • Offers three-bureau credit monitoring
    • Includes $1 million identity theft insurance on all plans
    • Provides family protection options
    • User-friendly dashboard with real-time alerts
    • Offers antivirus and VPN add-ons

    Cons (Noted by Some Users):

    • Higher-tier plans can be more expensive
    • No social media monitoring features
    • Cancellation process can be cumbersome

    ⇒ Get real-time alerts fast with the IdentityIQ $1 free trial offer!

    Is IdentityIQ Worth It?

    If you’re serious about protecting your identity and credit, IdentityIQ offers a solid, well-rounded service that goes beyond the basics. Its standout features include three-bureau credit monitoring, real-time alerts, dark web surveillance, and $1 million in identity theft insurance—covering not just financial losses but also legal fees and lost wages. These elements work together to provide a comprehensive safety net that many other services don’t fully match.

    IdentityIQ is especially valuable if you want full visibility over your credit profile and need frequent credit report access (up to 12 times a year). The proactive SSN tracing and address monitoring also gives users an edge in spotting fraud early.

    That said, it may not be the cheapest option out there, and the lack of a dedicated mobile app might be a drawback for some. However, for those prioritizing in-depth monitoring and robust insurance protection, the investment is well justified.

    In short, if you’re looking for a thorough, proactive approach to identity protection, especially for families or individuals with heightened risk, IdentityIQ delivers strong value and peace of mind.

    ⇒ Join thousands of satisfied customers who trust IdentityIQ!

    Frequently Asked Questions

    Is IdentityIQ a scam?

    No, IdentityIQ is not a scam. Established in 2009, it has provided identity theft protection and credit monitoring services to over 2 million members. The company holds an A+ rating from the Better Business Bureau and offers features like real-time fraud alerts, dark web monitoring, and up to $1 million in identity theft insurance. 

    Is IdentityIQ legit?

    Yes, IdentityIQ is a legitimate identity protection service. It offers comprehensive monitoring of credit reports from all three major bureaus, dark web surveillance, and identity theft insurance. The service is recognized for its robust security measures and has received positive reviews from reputable sources. 

    What services does IdentityIQ offer?

    IdentityIQ provides identity theft protection, credit monitoring, dark web surveillance, and identity restoration services. Depending on the plan, it includes features like real-time alerts, credit score tracking, and up to $1 million in identity theft insurance. 

    How much does IdentityIQ cost?

    IdentityIQ offers four plans ranging from $6.99 to $32.99 per month. Each plan includes varying levels of credit monitoring, identity theft protection, and additional features like family protection and device security options. 

    Does IdentityIQ offer family protection?

    Yes, IdentityIQ’s higher-tier plans include family protection features. These plans monitor children’s Social Security numbers and provide insurance coverage for dependents, addressing identity theft concerns for families. 

    Can I cancel my IdentityIQ subscription easily?

    IdentityIQ allows cancellations through their customer care team or, where available, via the member dashboard. Some users have reported challenges with the cancellation process, so it’s advisable to review the terms and contact customer support for assistance. 

    Does IdentityIQ provide antivirus and VPN services?

    Yes, IdentityIQ partners with Bitdefender to offer antivirus and premium VPN protection for up to 10 devices. This service is available as an add-on to enhance online security and privacy. 

    Are there any drawbacks to using IdentityIQ?

    While IdentityIQ offers comprehensive protection, some users have noted drawbacks such as higher costs for advanced plans, lack of a free trial, and limited customer support options.

    How does IdentityIQ compare to other identity protection services?

    IdentityIQ is competitive in offering three-bureau credit monitoring and comprehensive identity theft protection. However, some competitors may offer additional features like social media monitoring or more user-friendly interfaces. 

    Is IdentityIQ suitable for first-time users?

    Yes, IdentityIQ is designed to be user-friendly, making it suitable for first-time users seeking identity theft protection and credit monitoring services. The platform offers a straightforward setup and access to customer support for assistance.

    Media Contact

    Company: IdentityIQ

    Contact Person: Michael M. Aldridge

    Email: customerservice@identityiq.com

    Address: 43454 Business Park Drive, Temecula, CA 92590, USA

    URL: https://www.identityiq.com/

    Phone: +1-877-875-4347

    Content Accuracy Disclaimer
    Every effort has been made to ensure the accuracy of the information presented in this article. However, due to the dynamic nature of product formulations, promotions, and availability, details may change without notice. The publisher makes no warranties or representations as to the current completeness or accuracy of any content, including product claims, pricing, or ingredient lists.
    It is the responsibility of the reader to verify product information directly through the official website or manufacturer prior to making a purchasing decision. Any reliance placed on the information in this article is done strictly at your own risk.
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    All product reviews and descriptions reflect the author’s honest opinion based on available public data, user feedback, and scientific references at the time of writing. The inclusion of affiliate links does not influence the objectivity or integrity of the content. However, readers are encouraged to independently verify product information and consult with healthcare professionals prior to purchase or use.
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    The MIL Network –

  • MIL-OSI: Best VPN for iPhone (2025): IPVanish Named Top iOS VPN Solution by Software Experts

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK CITY, May 07, 2025 (GLOBE NEWSWIRE) — As mobile privacy continues to be a critical concern for users worldwide, Software Experts has named IPVanish the Top iOS VPN Solution for 2025 in its annual rankings of virtual private network providers.

    Best VPN for iPhone

    • IPVanish – known for offering secure, encrypted connections across devices, enabling users to browse the internet privately and access global content while protecting their personal data from cyber threats.

    The recognition comes amid growing demand for mobile-focused security solutions. With smartphones and tablets now serving as primary devices for everything from work communications to financial transactions, protecting personal data on iOS platforms has become more important than ever. iPhones and iPads, despite strong built-in security, remain vulnerable when connected to public Wi-Fi networks or untrusted internet sources. VPN services, particularly those tailored for mobile use, are essential for maintaining user privacy and securing online activity.

    Software Experts cited IPVanish’s performance, usability, and feature set as key reasons for its top placement among iOS-compatible VPNs. The IPVanish iOS app supports widely used security protocols including IKEv2, IPSec, and WireGuard®, the latter regarded as a modern, high-performance protocol that delivers faster, more efficient connections than its predecessors. WireGuard’s integration enables lower latency and higher speeds, improving the mobile VPN experience without compromising encryption strength.

    IPVanish maintains over 2,400 servers in more than 140 locations worldwide, with a network that includes typically underserved regions such as Africa and South America. This global reach provides iPhone users with greater access to stable and regionally diverse VPN endpoints.

    Privacy remains a defining feature of IPVanish. The service operates under a strict no-logs policy, verified through independent audits, to ensure that no user activity or connection data is collected or stored. For iPhone and iPad users, the app includes automated security features such as On Demand activation – triggering the VPN when connecting to unsecured networks- and a kill switch designed to prevent data exposure in the event of an unexpected connection drop.

    IPVanish was also recognized for supporting multiple device connections. This means users can protect not only their iOS devices, but also desktops, laptops, and other platforms, all under one account, which is an increasingly relevant feature in today’s multi-device households.

    Beyond core VPN functionality, IPVanish includes tools aimed at enhancing mobile security. Built-in features such as a QR Code Scanner and Link Checker allow users to screen potentially harmful links or QR codes before opening them, offering additional layers of protection against phishing and malware threats.

    In performance testing, IPVanish delivered stable results across a range of locations and network types. While VPN speed can vary depending on factors such as ISP infrastructure and time of day, the implementation of modern protocols like WireGuard helped ensure reliable connections suited for everyday use, including video calls, web browsing, and streaming.

    IPVanish offers two subscription tiers: Essential, which covers core VPN and privacy features, and Advanced, which includes extras like a secure browser and encrypted cloud storage. Both plans are available on monthly, annual, and two-year terms, with discounted rates for long-term commitments.

    Growing awareness around data privacy and online security has driven a wider adoption of VPNs among everyday users, particularly on mobile platforms. As iPhones and iPads play an increasingly central role in how people access the internet, concerns over digital surveillance, third-party data collection, and unsecured Wi-Fi networks have made mobile VPN apps a practical safeguard rather than a niche tool.

    IPVanish’s recognition by Software Experts underscores its relevance in this space. Designed with transparency, usability, and flexibility in mind, the service offers a balanced solution for those seeking to protect their personal data on Apple devices without adding unnecessary complexity to the user experience.

    The full review and evaluation of IPVanish as the top iOS VPN solution can be read on the Software Experts website.

    About IPVanish:

    IPVanish, a Ziff Davis company, is an award-winning cybersecurity provider whose tools and products support internet safety, digital privacy, and online freedom. With a commitment to innovation, transparency, and user-centric solutions, IPVanish is a leading name in the VPN industry.

    About Software Experts: Software Experts provides news and reviews of consumer products and services. As an affiliate, Software Experts may earn commissions from sales generated using links provided. 

    The MIL Network –

  • MIL-OSI: $255 Payday Loans Online Same Day No Credit Check | Best Payday Loans For Bad Credit – IOnline Payday Loans

    Source: GlobeNewswire (MIL-OSI)

    SHERIDAN, Wyo., May 07, 2025 (GLOBE NEWSWIRE) — During a financial emergency, a payday loan of $255 Online Same Day can be a great option for all the people who need other options available. These short-term loans provide borrowers cash in advance to pay for emergency expenses such as medical bills, auto repairs, home repairs, or other sudden bills without a traditional credit check.

    >>Click Here to Apply for No Credit Check Loans >>

    In this post, we’ll discuss what the best payday loans for bad credit really is, how it works, and why it is often preferred by a lot of people in need of some quick cash. And, since we like to help, it won’t stop there. We’ll also be discussing the many advantages of such types of loans, the means of application with reputable sites such as IOnline Payday Loans and offer alternatives to those of you who think you’re after different forms of lending.

    This guide can help you understand your options if you have bad credit or no credit history at all, and how to make a decision for your short-term financial situation.

    $255 Payday Loans Online Same Day—What is it?

    A $255 payday loan online same day is a small cash advance intended to be used as a tool to help you get through to your next payday. It’s a short-term loan, usually a payment of a few weeks, and it tends to be available without a credit check. Approved for a loan is another of these companies that offer personal loans to people with sub-par or no credit, partly because approval is largely based on income and employment.

    The application is fast and easy—you can typically apply online and get an answer within minutes. By using services such as IOnline Payday Loans, however, you can have access to trustworthy lenders, Straight into your bank account and receive same-day funds.

    >>Click Here to Apply for No Credit Check Loans >>

    How Payday Loans For Bad Credit Work?

    1 hour payday loans no credit check are short-term loans to help you when you’re in between paychecks and you need cash for emergencies. The process is fast and easy; borrowers complete an online application, ideally one specific to the type of loan (usually via services like IOnline Payday Loans),, and detail the amount they need and how long they need to repay it. Upon submission, the applicant is teamed up with the right lender.

    If their application is accepted, the loan is deposited into the borrower’s bank account, usually on the same day. The borrower generally is required to repay on his or her next payday and the money is drawn from the borrower’s account. There is no credit check to obtain one of these loans, so these loans are accessible even to those with bad credit or no credit. But borrowers should apply only if they’re sure they can repay on time; otherwise, late payments can bring additional fees.

    >>Click Here to Apply for No Credit Check Loans >>

    How To Apply For $255 Payday Loans Online Same Day

    Follow these simple steps to Apply For no credit check payday loans via IOnline Payday Loans:

    1. Select Your Loan Size and Term:
    Choose how much you would like to borrow—between $100 and $5,000 is available with IOnline Payday Loans. Pick up a payment plan that suits your budget from 2 to 24 months.

    2. Prepare Required Documents:
    Have the following documents handy before you apply:

    • Current state or government-issued ID (such as driver’s license or passport).
    • Last 3 months of income proof.
    • Active bank account details.

    3. Complete the Online Application Form:
    Go to IOnline Payday Loans and click on “Apply Now.” Fill in the easy form with your personal details, the amount of loan you require, and the period you would like to repay it back.

    4. Provide Financial Details:
    Then come your job, income, and monthly expenses. This is so we can check if you qualify for the loan. Your information remains private and is only used on many online platforms matching you with the right lender.

    5. Get Matched with a Lender:
    IOnline Payday Loans will perform a quick search on its database, and find you a lender based on your needs. If you’re connected with a lender, you may be taken to the lender’s website to review and accept your loan.

    6. Read and Sign the Loan Contract:
    If and when you get a match, read the loan agreement closely. Be sure you know the interest rate, the date you will repay the loan, and any fees. If the terms are acceptable to you, electronically sign the document.

    7. Receive Your Funds:
    Your bank account is where the lender will deposit the money after signing. Funds are often received the same day or the next business day, as time may be required for the receiving bank to credit the payment to the account.

    Benefits of $255 Payday Loans Online Same Day

    Here are the advantages of $255 Payday Loans Online Same Day without any delay:

    1. Quick Approval and Same-Day Funding:
    One of the greatest advantages of a 1 hour payday loans no credit check is that in most cases, you will be approved very fast. The majority of the lenders approve the applications instantly and you may have the money in your bank account on the same day.

    2. No Credit Check Required:
    These loans generally do not require a standard credit check, making it easier for many people to qualify if they have poor credit or no credit history at all.

    3. Easy Online Application:
    You can do everything entirely online, without setting foot in an office. Take, for example, IOnline Payday Loans, which, although their name does not say they are a bad credit lender, the application process is very fast and easy. The form they request is very short to fill, and no fax is required.

    4. High Approval Rates:
    The $255 Payday Loans are relatively easy to qualify and approval is quick. You probably qualify as long as you’re 18+, earn a steady income, and have an active bank account.

    5. Flexible Repayment Options:
    Although these loans are temporary, many of the direct lenders are willing to discuss repayment terms. Depending on the lender, you might be able to push back the repayment date or even pay in installments.

    Other Alternatives To $255 Payday Loans Online Same-Day

    If you’re looking for more than just a $255 payday loan, here are other ways to find fast cash and also a few different alternatives:

    1. Tribal Loans For Bad Credit: These tribal loans are in larger amounts than payday loans and are repaid over a period of a few months to a few years. The monthly payments are fixed, and approval is typically easier, even for applicants with bad credit.

    2. No Credit Check Payday Loans: Federal credit union PALs provide a safer alternative to traditional payday loans. Loans are typically between $200 to $1,000, with reasonable interest rates and longer repayment periods.

    3. Cash Advance Loan Apps: Some Apps will let you borrow small amounts of your next paycheck with zero interest. They are perfect for when you need some quick cash and will be paid back in full on your next payday.

    4. Employer Salary Advance Programs: Some businesses let workers get a portion of their earned wages early, before payday. This is typically interest and fee-free and quick and easy.

    5. Family and Friends Loan: If you have a large personal network, borrowing from a loved one can be interest-free. Be sure to establish a clear method of repayment to keep relationships running without a hitch.

    Best Features of $255 Payday Loans Online Same Day

    Here are the best features of $255 payday loans online same day:

    1. Fast Online Application: $255 short-term loans can be requested online only through online platforms. And it’s fast, just a few minutes easy. Applicants, it turns out, have to fill out some forms that contain some personal and financial details—no long paperwork or visits to a physical office are required.

    2. Decision and Funding on the Same Day: These loans are designed to be used in an emergency, so most lenders give instant decisions once you apply. If approved, the loan typically is sent the same day, sometimes within hours. This feature is what makes $255 payday loans the perfect solution for sudden costs such as overdue bill payments or unexpected spending.

    3. No Credit Check Required: One of the biggest benefits is that most lenders don’t do a hard credit check. Also, they consider how much money you make and your repayment capacity. This, in turn, makes credit available to even those with poor or no credit history who would otherwise be turned down for a conventional bank loan.

    4. Fixed Loan Amount: The loan amount is usually from $100 to $255 for small, unexpected expenses. It prevents you from borrowing too much and makes payments straightforward. Borrowers know precisely how much they owe, and can plan accordingly, “reducing the risks that come with larger sums of money being owed.”

    5. Short Repayment Term: You’ll typically be required to repay the loan on your next payday, or 2 to 4 weeks later, depending on the lender. This short-term configuration keeps excitement from accumulating. But you should pay them back on time to avoid fees and making a habit of being in debt.

    Eligibility Requirements—$255 Payday Loans Online Same Day

    To get instant same-day approval for a $255 payday loan online, you are required to meet several conditions which are pretty basic but are crucial:

    1. Age Requirement: You need to be at least 18 to apply. This is to satisfy the requirements under law to be able to enter into a financial agreement that binds.

    2. Proof of Steady Income: Lenders want to see that you have a regular source of income, which could be from employment, benefits lettings, or self-employment.

    3. Valid Identification: You’ll have to give them a government-issued ID (a passport or driver’s license, for example). This contributes towards the verification of your identity requirements and satisfies anti-fraud rules.

    4. Active Checking Account: The reason you will need a bank account in your name is so that the lender has somewhere to deposit your loan and automatically collect monthly repayments.

    5. U.S. Residency: You need to be a U.S. citizen or a legal resident, and you need to reside in a state where payday loans are available legally. There are states where lenders are not allowed to lend money.

    Frequently Asked Questions—$255 Payday Loans Online Same Day

    1. Can I get a $255 payday loan with bad credit?

    Yes. The vast majority of direct lenders offering $255 payday loans do not conduct a hard credit check. They’re more interested in your income and your ability to repay than your credit score.

    2. When can I get the loan?

    If approved, most borrowers have the money in hand on the same day, sometimes within hours. Speed may differ depending on the date of application and your bank.

    3. Can I get a payday loan online safely?

    Yes, it is safe to use trusted channels such as IOnline Pay Day Loans. They utilize secure encryption to keep your personal and financial information safe during the application process.

    4. What if I can’t pay the money back on time?

    Failure to make a payment could result in fees or higher interest and could negatively impact your credit rating. If you can’t pay on time, contact your lender right away.

    5. Can I get more than one $255 payday loan?

    It can, but that doesn’t mean you should. Multiple loans can take you into a debt cycle. Borrow only as much as you need and can responsibly repay.

    Wrapping Up

    $255 Payday Loans online with instant approval are intended to assist you in paying emergency or unexpected expenses. These short-term loans offer few hurdles in the way of paperwork, don’t place much weight on credit scores and can typically fund loans within hours. Services such as IOnline Payday Loans simplify the process by linking borrowers with reputable lenders.

    While a helpful resource, it’s important to borrow responsibly and know the repayment terms. If you are looking for quick money and qualify on a few requirements, this loan can be a short-term fix to a difficult financial situation.

    Media Contact:
    Company Name: IOnline Payday Loans
    Registered Office Address: 1095 Sugar View Dr Ste 500 Sheridan, WY 82801
    Company Website: https://ionlinepaydayloans.com/
    Email: mria@ionlinepaydayloans.com
    Phone: 307-777-7311
    Contact person name: Mria

    Disclaimer: This announcement contains general information about IOnline payday loan services and should not be considered financial advice. Ionline Payday Loans does not guarantee loan approval, and loan terms may vary by applicant and lender requirements. Loans are available to U.S. residents only.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/9168f5ec-7b9d-41d1-9489-33164e7b278a

    The MIL Network –

  • MIL-OSI: Netflix Nation: Brits devote 60 days a year to watching streaming services

    Source: GlobeNewswire (MIL-OSI)

    CAMBRIDGE, United Kingdom, May 07, 2025 (GLOBE NEWSWIRE) — Over one in ten Brits (13%) now spend the equivalent of 60 full days a year watching content on streaming services like Netflix, Disney+, and Prime Video, clocking up more than 1,460 hours of watchtime per year. That’s the same as spending 182 work days watching streaming services.

    The data, released by subscription bundling platform Bango (AIM:BGO), is based on insights from 40,000 UK consumers, and shows just how embedded streaming services have become in everyday life.

    More than a third (34%) of Brits now watch two or more hours of streaming content per day, the equivalent of 730 hours a year, putting the UK ahead of its European neighbours. In Spain, 29% stream at least two hours daily, compared to 21% in Italy and France, and 18% in Greece.

    Streaming also tops the chart for time spent on digital media. UK adults are now more likely to stream content for two or more hours a day (34%) than browse social media (21%), stream music (18%), or scroll TikTok and Reels (13%).

    Gen Z watches the most, but Gen X pays the bill

    Gen Z leads the way in streaming consumption, with 40% watching at least two hours daily. But it’s Gen X who are footing the bill with 62% covering the cost of streaming services, compared to 51% of Gen Z.

    Instead, Gen Z are using those savings on other subscriptions. They’re the most likely to pay for music subscriptions (40%) and are also more likely to shell out for premium social media features (9%), such as Snapchat+ or X Premium.

    But Americans still spend the most time streaming

    While the UK is ahead of some of its European neighbours, the US remains firmly in first place. 40% of Americans watch at least two hours of streaming content daily, and nearly one in five (18%) watch over four hours every single day.

    And it’s not just streaming. In the US, Gen Z is beginning to pay more for other digital experiences too. According to Bango’s Subscriptions Assemble report, almost a quarter (23%) of Gen Z Americans now pay to access premium social media platforms, highlighting a global trend in how younger consumers engage with content.

    Many are also accessing these services indirectly through bundles, like those offered by mobile or broadband providers. In fact, the average American now pays for 5.4 subscriptions, with two of those typically paid for as part of a bundle package.

    Paul Larbey, CEO of Bango said, “We’re seeing a shift in how younger people are engaging with subscriptions. Gen Z are streaming more than anyone, but they’re selective about where their money goes. They’re investing in experiences that offer personal value — like music and premium social media — rather than footing the bill for standard streaming services.

    “Consumers are also turning to bundles, accessing subscriptions through mobile or broadband deals for better value and convenience. This is increasingly common in the US, and we can expect to see a similar trend in the UK. The rise of services like Snapchat+ in telco bundles shows how packaging and flexibility are now just as important as content itself.

    “At Bango, we’re driving this change, helping telcos and other service providers deliver the kind of smart, seamless subscription experiences today’s users expect.”

    Methodology

    Research created by Bango using the GWI consumer insights platform

    60 days calculation — 13% of Brits spend 4+ hours per day watching streaming services. 4 x 365 = 1,460 hours / 24 = 60.8 Days

    About Bango
    Bango enables content providers to reach more paying customers through global partnerships. Bango revolutionized the monetization of digital content and services, by opening-up online payments to mobile phone users worldwide. Today, the Digital Vending Machine® is driving the rapid growth of the subscriptions economy, powering choice and control for subscribers.

    The world’s largest content providers, including Amazon, Google and Microsoft trust Bango technology to reach subscribers everywhere.

    Bango, where people subscribe. For more information, visit www.bango.com

    Media contacts
    Henry Soundy / Imogen Nichols
    Wildfire
    bango@wildfirepr.com

    The MIL Network –

  • MIL-OSI: Radware Reports First Quarter 2025 Financial Results

    Source: GlobeNewswire (MIL-OSI)

    First Quarter 2025 Financial Results and Highlights

    • Revenue of $72.1 million, an increase of 11% year–over–year
    • Cloud ARR of $80 million, an increase of 19% year-over-year
    • Non-GAAP diluted EPS of $0.27 vs. $0.16 in Q1 2024; GAAP diluted EPS of $0.10 vs. $(0.03) in Q1 2024
    • Cash flow from operations of $22.4 million in Q1 and $72.9 million over the trailing 12 months

    TEL AVIV, Israel, May 07, 2025 (GLOBE NEWSWIRE) — Radware® (NASDAQ: RDWR), a global leader in application security and delivery solutions for multi-cloud environments, today announced its consolidated financial results for the first quarter ended March 31, 2025.

    “We had a strong start to 2025 with first quarter revenue rising 11% year-over-year, marking our third consecutive quarter of double-digit growth. In addition, our strong non-GAAP EPS growth and cash flow from operations reflect the high leverage in our business model,” said Roy Zisapel, Radware’s president and CEO.

    Financial Highlights for the First Quarter 2025
    Revenue for the first quarter of 2025 totaled $72.1 million:

    • Revenue in the Americas region was $27.4 million for the first quarter of 2025, an increase of 1% from $27.1 million in the first quarter of 2024.
    • Revenue in the Europe, Middle East, and Africa (“EMEA”) region was $28.4 million for the first quarter of 2025, an increase of 25% from $22.7 million in the first quarter of 2024.
    • Revenue in the Asia-Pacific (“APAC”) region was $16.3 million for the first quarter of 2025, an increase of 7% from $15.3 million in the first quarter of 2024.

    GAAP net income for the first quarter of 2025 was $4.3 million, or $0.10 per diluted share, compared to GAAP net loss of $1.2 million, or $(0.03) per diluted share, for the first quarter of 2024.

    Non-GAAP net income for the first quarter of 2025 was $11.8 million, or $0.27 per diluted share, compared to non-GAAP net income of $6.8 million, or $0.16 per diluted share, for the first quarter of 2024.

    As of March 31, 2025, the Company had cash, cash equivalents, short-term and long-term bank deposits, and marketable securities of $447.9 million. Cash flow from operations was $22.4 million in the first quarter of 2025.

    Non-GAAP results are calculated excluding, as applicable, the impact of stock-based compensation expenses, amortization of intangible assets, litigation costs, acquisition costs, restructuring costs, exchange rate differences, net on balance sheet items included in financial income, net, and tax-related adjustments. A reconciliation of each of the Company’s non-GAAP measures to the most directly comparable GAAP measure is included at the end of this press release.

    Conference Call
    Radware management will host a call today, May 7, 2025, at 8:30 a.m. EDT to discuss its first quarter 2025 results and second quarter 2025 outlook. To participate on the call, please use the following numbers:
    U.S. participants call toll free: 1-877-704-4453
    International participants call: 1-201-389-0920

    A replay will be available for seven days, starting two hours after the end of the call, on telephone number 1-844-512-2921 (US toll-free) or 1-412-317-6671. Access ID 13752770.

    The call will be webcast live on the Company’s website at: http://www.radware.com/IR/. The webcast will remain available for replay during the next 12 months.

    Use of Non-GAAP Financial Information and Key Performance Indicators
    In addition to reporting financial results in accordance with generally accepted accounting principles (GAAP), Radware uses non-GAAP measures of gross profit, research and development expense, selling and marketing expense, general and administrative expense, total operating expenses, operating income, financial income, net, income before taxes on income, taxes on income, net income and diluted earnings per share, which are adjustments from results based on GAAP to exclude, as applicable, stock-based compensation expenses, amortization of intangible assets, litigation costs, acquisition costs, restructuring costs, exchange rate differences, net on balance sheet items included in financial income, net, and tax–related adjustments. Management believes that exclusion of these charges allows for meaningful comparisons of operating results across past, present, and future periods. Radware’s management believes the non-GAAP financial measures provided in this release are useful to investors for the purpose of understanding and assessing Radware’s ongoing operations. The presentation of these non-GAAP financial measures is not intended to be considered in isolation or as a substitute for results prepared in accordance with GAAP. A reconciliation of each non-GAAP financial measure to the most directly comparable GAAP financial measure is included with the financial information contained in this press release. Management uses both GAAP and non-GAAP financial measures in evaluating and operating the business and, as such, has determined that it is important to provide this information to investors.

    Annual recurring revenue (“ARR”) is a key performance indicator defined as the annualized value of booked orders for term-based cloud services, subscription licenses, and maintenance contracts that are in effect at the end of a reporting period. ARR should be viewed independently of revenue and deferred revenue and is not intended to be combined with or to replace either of those items. ARR is not a forecast of future revenue, which can be impacted by contract start and end dates and renewal rates and does not include revenue reported as perpetual license or professional services revenue in our consolidated statement of operations. We consider ARR a key performance indicator of the value of the recurring components of our business.

    Safe Harbor Statement
    This press release includes “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Any statements made herein that are not statements of historical fact, including statements about Radware’s plans, outlook, beliefs, or opinions, are forward-looking statements. Generally, forward-looking statements may be identified by words such as “believes,” “expects,” “anticipates,” “intends,” “estimates,” “plans,” and similar expressions or future or conditional verbs such as “will,” “should,” “would,” “may,” and “could.” Because such statements deal with future events, they are subject to various risks and uncertainties, and actual results, expressed or implied by such forward-looking statements, could differ materially from Radware’s current forecasts and estimates. Factors that could cause or contribute to such differences include, but are not limited to: the impact of global economic conditions, including as a result of the state of war declared in Israel in October 2023 and instability in the Middle East, the war in Ukraine, tensions between China and Taiwan, financial and credit market fluctuations (including elevated interest rates), impacts from tariffs or other trade restrictions, inflation, and the potential for regional or global recessions; our dependence on independent distributors to sell our products; our ability to manage our anticipated growth effectively; our business may be affected by sanctions, export controls, and similar measures, targeting Russia and other countries and territories, as well as other responses to Russia’s military conflict in Ukraine, including indefinite suspension of operations in Russia and dealings with Russian entities by many multi-national businesses across a variety of industries; the ability of vendors to provide our hardware platforms and components for the manufacture of our products; our ability to attract, train, and retain highly qualified personnel; intense competition in the market for cybersecurity and application delivery solutions and in our industry in general, and changes in the competitive landscape; our ability to develop new solutions and enhance existing solutions; the impact to our reputation and business in the event of real or perceived shortcomings, defects, or vulnerabilities in our solutions, if our end-users experience security breaches, or if our information technology systems and data, or those of our service providers and other contractors, are compromised by cyber-attackers or other malicious actors or by a critical system failure; our use of AI technologies that present regulatory, litigation, and reputational risks; risks related to the fact that our products must interoperate with operating systems, software applications and hardware that are developed by others; outages, interruptions, or delays in hosting services; the risks associated with our global operations, such as difficulties and costs of staffing and managing foreign operations, compliance costs arising from host country laws or regulations, partial or total expropriation, export duties and quotas, local tax exposure, economic or political instability, including as a result of insurrection, war, natural disasters, and major environmental, climate, or public health concerns; our net losses in the past and the possibility that we may incur losses in the future; a slowdown in the growth of the cybersecurity and application delivery solutions market or in the development of the market for our cloud-based solutions; long sales cycles for our solutions; risks and uncertainties relating to acquisitions or other investments; risks associated with doing business in countries with a history of corruption or with foreign governments; changes in foreign currency exchange rates; risks associated with undetected defects or errors in our products; our ability to protect our proprietary technology; intellectual property infringement claims made by third parties; laws, regulations, and industry standards affecting our business; compliance with open source and third-party licenses; complications with the design or implementation of our new enterprise resource planning (“ERP”) system; our reliance on information technology systems; our ESG disclosures and initiatives; and other factors and risks over which we may have little or no control. This list is intended to identify only certain of the principal factors that could cause actual results to differ. For a more detailed description of the risks and uncertainties affecting Radware, refer to Radware’s Annual Report on Form 20-F, filed with the Securities and Exchange Commission (SEC), and the other risk factors discussed from time to time by Radware in reports filed with, or furnished to, the SEC. Forward-looking statements speak only as of the date on which they are made and, except as required by applicable law, Radware undertakes no commitment to revise or update any forward-looking statement in order to reflect events or circumstances after the date any such statement is made. Radware’s public filings are available from the SEC’s website at www.sec.gov or may be obtained on Radware’s website at www.radware.com.

    About Radware
    Radware® (NASDAQ: RDWR) is a global leader in application security and delivery solutions for multi-cloud environments. The company’s cloud application, infrastructure, and API security solutions use AI-driven algorithms for precise, hands-free, real-time protection from the most sophisticated web, application, and DDoS attacks, API abuse, and bad bots. Enterprises and carriers worldwide rely on Radware’s solutions to address evolving cybersecurity challenges and protect their brands and business operations while reducing costs. For more information, please visit the Radware website.

    Radware encourages you to join our community and follow us on Facebook, LinkedIn, Radware Blog, X, and YouTube.

    ©2025 Radware Ltd. All rights reserved. Any Radware products and solutions mentioned in this press release are protected by trademarks, patents, and pending patent applications of Radware in the U.S. and other countries. For more details, please see: https://www.radware.com/LegalNotice/. All other trademarks and names are property of their respective owners.

    Radware believes the information in this document is accurate in all material respects as of its publication date. However, the information is provided without any express, statutory, or implied warranties and is subject to change without notice.

    The contents of any website or hyperlinks mentioned in this press release are for informational purposes and the contents thereof are not part of this press release.

    CONTACTS
    Investor Relations:
    Yisca Erez, +972-72-3917211, ir@radware.com

    Media Contact:
    Gerri Dyrek, gerri.dyrek@radware.com

    Radware Ltd.
    Condensed Consolidated Balance Sheets
    (U.S. Dollars in thousands)
           
      March 31,   December 31,
      2025   2024
      (Unaudited)   (Unaudited)
    Assets      
           
    Current assets      
    Cash and cash equivalents 114,239   98,714
    Marketable securities 55,118   72,994
    Short-term bank deposits 122,361   104,073
    Trade receivables, net 25,036   16,823
    Other receivables and prepaid expenses 9,627   14,242
    Inventories 13,511   14,030
      339,892   320,876
           
    Long-term investments      
    Marketable securities 31,229   29,523
    Long-term bank deposits 124,968   114,354
    Other assets 2,203   2,171
      158,400   146,048
           
           
    Property and equipment, net 14,584   15,632
    Intangible assets, net 10,758   11,750
    Other long-term assets 36,492   37,906
    Operating lease right-of-use assets 17,560   18,456
    Goodwill 68,008   68,008
    Total assets 645,694   618,676
           
    Liabilities and equity      
           
    Current liabilities      
    Trade payables 3,646   5,581
    Deferred revenues 119,329   106,303
    Operating lease liabilities 4,642   4,750
    Other payables and accrued expenses 55,678   51,836
      183,295   168,470
           
    Long-term liabilities      
    Deferred revenues 69,505   64,708
    Operating lease liabilities 12,497   13,519
    Other long-term liabilities 14,319   14,904
      96,321   93,131
           
    Equity      
    Radware Ltd. equity      
    Share capital 756   754
    Additional paid-in capital 560,833   555,154
    Accumulated other comprehensive income (loss) (140)   1,103
    Treasury stock, at cost (366,588)   (366,588)
    Retained earnings 130,194   125,850
    Total Radware Ltd. shareholder’s equity 325,055   316,273
           
    Non–controlling interest 41,023   40,802
           
    Total equity 366,078   357,075
           
    Total liabilities and equity 645,694   618,676
    Radware Ltd.
    Condensed Consolidated Statements of Income (Loss)
    (U.S Dollars in thousands, except share and per share data)
             
        For the three months ended
        March 31,
        2025   2024
        (Unaudited)   (Unaudited)
             
    Revenues   72,079   65,085
    Cost of revenues   13,990   12,812
    Gross profit   58,089   52,273
             
    Operating expenses, net:        
    Research and development, net   18,776   18,896
    Selling and marketing   31,281   29,701
    General and administrative   6,463   7,339
    Total operating expenses, net   56,520   55,936
             
    Operating income (loss)   1,569   (3,663)
    Financial income, net   4,875   3,608
    Income (loss) before taxes on income   6,444   (55)
    Taxes on income   2,100   1,167
    Net income (loss)   4,344   (1,222)
             
    Basic net income (loss) per share attributed to Radware Ltd.’s shareholders   0.10   (0.03)
             
    Weighted average number of shares used to compute basic net income (loss) per share   42,663,787   41,750,203
             
    Diluted net income (loss) per share attributed to Radware Ltd.’s shareholders   0.10   (0.03)
             
    Weighted average number of shares used to compute diluted net income (loss) per share   44,192,474   41,750,203
    Radware Ltd.
    Reconciliation of GAAP to Non-GAAP Financial Information
    (U.S Dollars in thousands, except share and per share data)
           
      For the three months ended
      March 31,
      2025   2024
      (Unaudited)   (Unaudited)
    GAAP gross profit 58,089   52,273
    Share-based compensation 120   79
    Amortization of intangible assets 992   992
    Non-GAAP gross profit 59,201   53,344
           
    GAAP research and development, net 18,776   18,896
    Share-based compensation 1,223   1,722
    Non-GAAP Research and development, net 17,553   17,174
           
    GAAP selling and marketing 31,281   29,701
    Share-based compensation 3,076   2,551
    Non-GAAP selling and marketing 28,205   27,150
           
    GAAP general and administrative 6,463   7,339
    Share-based compensation 1,479   2,395
    Acquisition costs 153   220
    Non-GAAP general and administrative 4,831   4,724
           
    GAAP total operating expenses, net 56,520   55,936
    Share-based compensation 5,778   6,668
    Acquisition costs 153   220
    Non-GAAP total operating expenses, net 50,589   49,048
           
    GAAP operating income (loss) 1,569   (3,663)
    Share-based compensation 5,898   6,747
    Amortization of intangible assets 992   992
    Acquisition costs 153   220
    Non-GAAP operating income 8,612   4,296
           
    GAAP financial income, net 4,875   3,608
    Exchange rate differences, net on balance sheet items included in financial income, net 492   153
    Non-GAAP financial income, net 5,367   3,761
           
    GAAP income (loss) before taxes on income 6,444   (55)
    Share-based compensation 5,898   6,747
    Amortization of intangible assets 992   992
    Acquisition costs 153   220
    Exchange rate differences, net on balance sheet items included in financial income, net 492   153
    Non-GAAP income before taxes on income 13,979   8,057
           
    GAAP taxes on income 2,100   1,167
    Tax related adjustments 62   62
    Non-GAAP taxes on income 2,162   1,229
           
    GAAP net income (loss) 4,344   (1,222)
    Share-based compensation 5,898   6,747
    Amortization of intangible assets 992   992
    Acquisition costs 153   220
    Exchange rate differences, net on balance sheet items included in financial income, net 492   153
    Tax related adjustments (62)   (62)
    Non-GAAP net income 11,817   6,828
           
    GAAP diluted net income (loss) per share 0.10   (0.03)
    Share-based compensation 0.14   0.16
    Amortization of intangible assets 0.02   0.02
    Acquisition costs 0.00   0.01
    Exchange rate differences, net on balance sheet items included in financial income, net 0.01   0.00
    Tax related adjustments (0.00)   (0.00)
    Non-GAAP diluted net earnings per share 0.27   0.16
           
           
    Weighted average number of shares used to compute non-GAAP diluted net earnings per share 44,192,474   42,875,058
    Radware Ltd.
    Condensed Consolidated Statements of Cash Flow
    (U.S. Dollars in thousands)
             
        For the three months ended
        March 31,
        2025   2024
        (Unaudited)   (Unaudited)
    Cash flow from operating activities:        
             
    Net income (loss)   4,344   (1,222)
    Adjustments to reconcile net income (loss) to net cash provided by operating activities:        
    Depreciation and amortization   3,152   2,943
    Share-based compensation   5,898   6,747
    Amortization of premium, accretion of discounts and accrued interest on marketable securities, net   (161)   (73)
    Decrease in accrued interest on bank deposits   (1,790)   (9)
    Increase (decrease) in accrued severance pay, net   61   (58)
    Increase in trade receivables, net   (8,213)   (219)
    Decrease (increase) in other receivables and prepaid expenses and other long-term assets   (186)   605
    Decrease in inventories   519   1,004
    Increase (decrease) in trade payables   (1,935)   1,406
    Increase in deferred revenues   17,823   8,894
    Increase in other payables and accrued expenses   3,164   1,483
    Operating lease liabilities, net   (234)   (379)
    Net cash provided by operating activities   22,442   21,122
             
    Cash flows from investing activities:        
             
    Purchase of property and equipment   (1,112)   (1,774)
    Proceeds from (investment in) other long-term assets, net   109   (25)
    Investment in bank deposits, net   (27,112)   (17,898)
    Investment in, redemption of and purchase of marketable securities ,net   16,194   3,502
    Proceeds from other deposits   5,000   –
    Net cash used in investing activities   (6,921)   (16,195)
             
    Cash flows from financing activities:        
             
    Proceeds from exercise of share options   4   –
    Repurchase of shares   –   (839)
    Net cash provided by (used in) financing activities   4   (839)
             
    Increase in cash and cash equivalents   15,525   4,088
    Cash and cash equivalents at the beginning of the period   98,714   70,538
    Cash and cash equivalents at the end of the period   114,239   74,626
    Radware Ltd.
    RECONCILIATION OF GAAP NET INCOME (LOSS) TO EBITDA AND ADJUSTED EBITDA (NON-GAAP)
    (U.S Dollars in thousands)
           
      For the three months ended
      March 31,
      2025   2024
      (Unaudited)   (Unaudited)
    GAAP net income (loss) 4,344   (1,222)
    Exclude: Financial income, net (4,875)   (3,608)
    Exclude: Depreciation and amortization expense 3,152   2,943
    Exclude: Taxes on income 2,100   1,167
    EBITDA 4,721   (720)
           
    Share-based compensation 5,898   6,747
    Acquisition costs 153   220
    Adjusted EBITDA 10,772   6,247
           
           
      For the three months ended
      March 31,
      2025   2024
           
    Amortization of intangible assets 992   992
    Depreciation 2,160   1,951
      3,152   2,943

    The MIL Network –

  • MIL-OSI Economics: W&T Offshore Announces First Quarter 2025 Results and Declares Dividend for Second Quarter of 2025

    Source: W & T Offshore Inc

    Headline: W&T Offshore Announces First Quarter 2025 Results and Declares Dividend for Second Quarter of 2025

    HOUSTON, May 06, 2025 (GLOBE NEWSWIRE) — W&T Offshore, Inc. (NYSE: WTI) (“W&T,” the “Company,” “we” or “us”) today reported operational and financial results for the first quarter of 2025 and declared a second quarter 2025 dividend of $0.01 per share.

    This press release includes non-GAAP financial measures, including Adjusted Net Loss, Adjusted EBITDA, Free Cash Flow and Net Debt, which are described and reconciled to the most comparable GAAP measures in the accompanying tables to this press release under “Non-GAAP Information.”

    Key highlights for the first quarter of 2025 and through the date of this press release include:

    • Produced 30.5 thousand barrels of oil equivalent per day (“MBoe/d”) (52% liquids), towards the high end of guidance;
      • Announced that the West Delta 73 and Main Pass 108/98 fields were placed into production towards the end of March/early April with production expected to ramp up over the course of the second quarter of 2025;
    • Incurred lease operating expenses (“LOE”) of $71.0 million, below the low end of guidance;
    • Reported net loss of $30.6 million, or $(0.21) per diluted share;
      • Adjusted Net Loss totaled $19.1 million, or $(0.13) per diluted share, which primarily excludes the loss on extinguishment of debt and net unrealized gain on outstanding derivative contracts and the related tax effects;
    • Generated Adjusted EBITDA of $32.2 million, an increase of 2% over the fourth quarter of 2024;
    • Produced Free Cash Flow of $10.5 million;
    • Successfully refinanced, in January 2025, the Company’s $275.0 million 11.75% Senior Second Lien Notes due 2026 (the “11.75% Notes”) and $114.2 million outstanding amount under the term loan provided by Munich Re Risk Financing, Inc., as lender (the “MRE Term Loan”) with proceeds from the issuance of $350.0 million of 10.75% Senior Second Lien Notes due 2029 (the “10.75% Notes”) and available cash on hand;
      • Paid down and effectively reduced gross debt by approximately $39.0 million;
      • Enhanced liquidity by eliminating principal payments under the MRE Term Loan of $27.6 million in 2025, $25.4 million in 2026, $22.9 million in 2027 and $38.3 million in 2028;
      • Lowered interest rate on the Senior Second Lien Notes by 100 basis points;
    • Entered into a new $50.0 million revolving credit facility which matures in July 2028, and is undrawn, and the previous credit facility provided by Calculus Lending, LLC was concurrently terminated, with all outstanding obligations paid in full in connection with the termination;
    • Sold a non-core interest in Garden Banks Blocks 385 and 386 in January 2025, which included latest net production of approximately 195 barrels of oil equivalent per day (“Boe/d”) (72% oil) for $11.9 million, or over $60,000 per flowing barrel, after customary closing adjustments;
    • Received $58.5 million in cash for an insurance settlement related to the Mobile Bay 78-1 well, which further bolstered W&T’s balance sheet;
    • Reported unrestricted cash and cash equivalents of $105.9 million and Net Debt of $244.1 million at March 31, 2025;
    • Added natural gas costless collar hedges for 2025 including:
      • 50,000 million British Thermal Units per day (“MMBtu/d”) for March 2025, with a floor price of $3.88 per MMBtu and ceiling price of $5.13 per MMBtu;
      • 70,000 MMBtu/d for April to December 2025, with a volume-weighted average floor price and ceiling price of $4.02 per MMBtu and $5.32 per MMBtu, respectively;
    • Paid sixth consecutive quarterly dividend of $0.01 per common share in March 2025; and
      • Declared second quarter 2025 dividend of $0.01 per share, which will be payable on May 27, 2025 to stockholders of record on May 20, 2025.

    Tracy W. Krohn, W&T’s Chairman of the Board and Chief Executive Officer, commented, “We continue to successfully execute our strategic vision and have delivered another quarter of strong results in line with or above our guidance. We reported production at the high end of our guidance range and, more importantly, we have brought online the remaining two fields from the Cox acquisition, which we expect will meaningfully increase production for the remainder of 2025, as you can see from our second quarter and full year guidance. Acquisitions remain a key component of our success, and it is our ability to integrate and enhance the assets that we acquire that has allowed us to successfully operate for over 40 years. We generated solid Free Cash Flow and Adjusted EBITDA and we recorded lease operating expenses below the low end of our guidance. We will continue to focus on increasing our production, particularly our oil production, and managing our operating costs.”

    “Our balance sheet was strengthened in the first quarter of 2025 due to several key accomplishments. We successfully closed the issuance of new 10.75% Notes, entered into a new revolving credit facility and added material cash through a non-core disposition and an insurance settlement. The new 10.75% Notes have an interest rate 100 basis points lower than our 11.75% Notes and received improved credit ratings from S&P and Moody’s. We also received a $58.5 million cash insurance settlement payment related to a well impairment event. Finally, we sold a non-core interest in Garden Banks 385 and 386 for $11.9 million, after customary closing adjustments, at a value of over $60,000 per flowing barrel, which is highly accretive to W&T. We have over $100 million in cash on our balance sheet and remain prepared to take advantage of potential acquisitions. With the change in administration and the White House’s directives to Unleash American Energy, we also see promising developments in the regulatory environment for oil and gas companies. We are well positioned to continue to enhance our portfolio through additional accretive acquisition opportunities and are committed to enhancing shareholder value while returning value to our shareholders through the quarterly dividend program.”

    Production, Prices and Revenue: Production for the first quarter of 2025 was 30.5 MBoe/d, towards the high end of the Company’s first quarter guidance but down compared with 32.1 MBoe/d for the fourth quarter of 2024 and 35.1 MBoe/d for the corresponding period in 2024. The first quarter 2025 production decrease was due to freezing conditions that caused shut-ins during January 2025; however production has since recovered. First quarter 2025 production was comprised of 13.7 thousand barrels per day (“MBbl/d”) of oil (45%), 2.2 MBbl/d of natural gas liquids (“NGLs”) (7%), and 87.6 million cubic feet per day (“MMcf/d”) of natural gas (48%).

    W&T’s average realized price per Boe before realized derivative settlements was $46.50 per Boe in the first quarter of 2025, an increase of 17% from $39.86 per Boe in the fourth quarter of 2024 and an increase of 9% from $42.55 per Boe in the first quarter of 2024. First quarter 2025 oil, NGL and natural gas prices before realized derivative settlements were $71.31 per barrel of oil, $23.86 per barrel of NGL and $4.45 per Mcf of natural gas.

    Revenues for the first quarter of 2025 were $129.9 million, which was 8% higher than fourth quarter of 2024 revenues of $120.3 million due to higher realized prices, which was partially offset by lower production volumes. First quarter 2025 revenues were lower by 8% compared to $140.8 million of revenues in the first quarter of 2024 due to lower production volumes, partially offset by higher realized natural gas and NGL prices.

    Lease Operating Expenses: LOE, which includes base lease operating expenses, insurance premiums, workovers and facilities maintenance expenses, was $71.0 million in the first quarter of 2025, which was below the low end of the guidance range of $72.5 to $80.5 million. LOE came in lower than expected due to a combination of lower repair and maintenance costs, lower facility expenses and lower workover expense. LOE for the first quarter of 2025 was approximately 11% higher compared to $64.3 million in the fourth quarter of 2024. Lower LOE in the fourth quarter of 2024 was primarily driven by favorable audit adjustments and lower maintenance and repair work performed. LOE for the first quarter of 2025 was slightly higher than the $70.8 million for the corresponding period in 2024. On a component basis for the first quarter of 2025, base LOE and insurance premiums were $57.6 million, workovers were $2.0 million, and facilities maintenance and other expenses were $11.4 million. On a unit of production basis, LOE was $25.88 per Boe in the first quarter of 2025. This compares to $21.76 per Boe for the fourth quarter of 2024 and $22.14 per Boe for the corresponding period in 2024, reflecting a decrease in production in the period due to freezing conditions in January 2025.

    Gathering, Transportation Costs and Production Taxes: Gathering, transportation costs and production taxes totaled $5.7 million ($2.06 per Boe) in the first quarter of 2025, compared to $5.9 million ($2.00 per Boe) in the fourth quarter of 2024 and $7.5 million ($2.36 per Boe) in the first quarter of 2024. Gathering, transportation costs and production taxes decreased in the first quarter of 2025 from the prior quarters due to lower production volumes.

    Depreciation, Depletion and Amortization (“DD&A”): DD&A was $11.99 per Boe in the first quarter of 2025. This compares to $12.94 per Boe and $10.61 per Boe for the fourth quarter of 2024 and the first quarter of 2024, respectively.

    Asset Retirement Obligations Accretion: Asset retirement obligations accretion was $3.06 per Boe in the first quarter of 2025. This compares to $2.76 per Boe and $2.49 per Boe for the fourth quarter of 2024 and the first quarter of 2024, respectively.

    General & Administrative Expenses (“G&A”): G&A was $20.2 million for the first quarter of 2025, which decreased from $20.8 million in the fourth quarter of 2024 and $20.5 million in the first quarter of 2024 primarily due to decreases of share-based compensation and employee benefit costs partially offset by an increase in legal fees due to ongoing sureties litigation. On a unit of production basis, G&A was $7.35 per Boe in the first quarter of 2025 compared to $7.04 per Boe in the fourth quarter of 2024 and $6.41 per Boe in the corresponding period of 2024. These increases, on a per Boe basis, are related to lower production, as the absolute G&A costs were lower.

    Derivative Loss (Gain), net: In the first quarter of 2025, W&T recorded a net loss of $2.7 million with commodity derivative contracts comprised of $3.6 million of realized losses and $0.9 million of unrealized gains related to the increase in fair value of open contracts. W&T recognized a net loss of $2.1 million in the fourth quarter of 2024 and a net gain of $4.9 million in the first quarter of 2024 related to commodity derivative activities.

    To take advantage of the recent uptick in natural gas prices, W&T added costless collar hedges for March 2025 of 50,000 MMBtu/d with a floor price of $3.88 per MMBtu and ceiling price of $5.13 per MMBtu. For April to December 2025, the Company added similar costless collar hedges of 70,000 MMBtu/d with a volume-weighted average floor price and ceiling price of $4.02 per MMBtu and $5.32 per MMBtu, respectively.

    A summary of the Company’s outstanding derivative positions is provided in the investor presentation posted on W&T’s website.

    Interest Expense: Net interest expense in the first quarter of 2025 was $9.5 million compared to $10.2 million in the fourth quarter of 2024 and $10.1 million in the first quarter of 2024. These decreases reflect the impact of the Company’s debt refinancing in January 2025, which lowered overall debt by around $39 million and reduced the Senior Second Lien Notes’ coupon rate by 100 basis points.

    Income Tax (Benefit) Expense: W&T recognized an income tax benefit of $4.6 million in the first quarter of 2025. This compares to the recognition of an income tax benefit of $1.8 million in the fourth quarter of 2024 and an income tax expense of $1.0 million in the first quarter of 2024.

    Capital Expenditures and Asset Retirement Settlements: Capital expenditures on an accrual basis in the first quarter of 2025 were $8.5 million, and asset retirement settlement costs totaled $3.8 million. The Company continues to expect its full year capital expenditure budget to be between $34 million and $42 million, which excludes potential acquisition opportunities.

    Balance Sheet and Liquidity: As of March 31, 2025, W&T had available liquidity of $155.9 million comprised of $105.9 million in unrestricted cash and cash equivalents and $50.0 million of borrowing availability under W&T’s new revolving credit facility. As of March 31, 2025, the Company had total debt of $350.0 million and Net Debt of $244.1 million. As of March 31, 2025, Net Debt to trailing twelve months (“TTM”) Adjusted EBITDA was 1.8x.

    Debt Refinance: On January 28, 2025 W&T closed an offering of the 10.75% Notes at par in a private offering that was exempt from registration under the Securities Act of 1933, as amended. The Company used a portion of the proceeds from the 10.75% Notes offering, along with cash on hand to (i) purchase for cash pursuant to a tender offer, such of the Company’s outstanding 11.75% Notes that were validly tendered pursuant to the terms thereof; (ii) repay $114.2 million outstanding under the MRE Term Loan; (iii) fund the full redemption amount for an August 1, 2025 redemption of the remaining 11.75% Notes not validly tendered and accepted for purchase in the tender offer; and (iv) pay premiums, fees and expenses related to these transactions. On the closing date of the offering of the 10.75% Notes, the Company completed all actions necessary to satisfy and discharge the indenture governing the 11.75% Notes.

    In conjunction with the issuance of the 10.75% Notes, the Company entered into a new credit agreement which provides the Company with a revolving credit and letter of credit facility, with initial lending commitments of $50 million and with a letter of credit sublimit of $10 million. The credit facility matures on July 28, 2028.

    Concurrently with the debt refinance, W&T recorded a $15.0 million loss on the extinguishment of debt in the first quarter of 2025.

    Non-Core Asset Disposition

    In early 2025, W&T closed the sale of a non-core interest in Garden Banks Blocks 385 and 386, which included net production of approximately 195 Boe/d, for $11.9 million after normal purchase price adjustments. The effective date of the sale was December 1, 2024, and the transaction closed in January 2025. The impact to W&T’s reserves for year-end 2024 were minimal at about 0.12 MMBoe.

    Regulatory Update

    The change of Presidential administration in the early part of 2025 saw promising developments in the oil and natural gas regulatory environment. On January 20, 2025, President Trump issued Executive Order 14154, Unleashing American Energy. Section 3 of that Order directed heads of agencies to review existing regulations to identify agency actions that impose an undue burden on the identification, development, or use of domestic energy resources. The Trump administration also issued Executive Order 14156, Declaring a National Energy Emergency, stating that the United States’ insufficient energy production, transportation, refining, and generation constituted an unusual and extraordinary threat to the nation’s economy, national security, and foreign policy. Furthermore, on February 3, 2025, Secretary Burgum issued Secretarial Order 3418, Unleashing American Energy. Section 4(b) of that Order directed agency officials to prepare an action plan that will include steps to suspend, revise, or rescind certain regulations.

    As it pertains to W&T, on April 8, 2025, pursuant to the above directives from the Trump administration, the Department of Interior, through a joint filing in the U.S. District Court for the Western District of Louisiana (Case no. 2:24-cv-00820), indicated that it will not seek supplemental financial assurance in the Gulf of America except in the case of (a) sole liability properties and (b) certain non-sole liability properties that do not have a financially strong co-owner or predecessor in title and meet other conditions.

    In addition, the Trump administration has issued a number of executive orders aimed at streamlining regulations and reducing the regulatory burden on oil and natural gas companies, increasing federal oil and natural gas leasing, including in the Gulf of America, and expediting U.S. natural resource development.

    Cash Dividend Policy

    The Company paid its first quarter 2025 dividend of $0.01 per share on March 24, 2025 to stockholders of record on March 17, 2025.

    The Board of Directors declared a second quarter 2025 dividend of $0.01 per share which is to be paid on May 27, 2025 to stockholders of record on May 20, 2025.

    OPERATIONS UPDATE

    Well Recompletions and Workovers

    During the first quarter of 2025, the Company performed five workovers that positively impacted production for the quarter. W&T plans to continue performing these low cost and low risk short payout operations that impact both production and revenue.

    Second Quarter and Full Year 2025 Production and Expense Guidance

    The guidance for the second quarter and full year 2025 in the table below represents the Company’s current expectations. Please refer to the section entitled “Forward-Looking and Cautionary Statements” below for risk factors that could impact guidance.

         
    Production Second Quarter 2025 Full Year 2025
    Oil (MBbl) 1,295 – 1,435 5,150 – 5,690
    NGLs (MBbl) 210 – 235 1,020 – 1,140
    Natural gas (MMcf) 8,830 – 9,750 34,880 – 38,560
    Total equivalents (MBoe) 2,977 – 3,295 11,983 – 13,257
    Average daily equivalents (MBoe/d) 32.7 – 36.2 32.8 – 36.3
    Expenses Second Quarter 2025 Full Year 2025
    Lease operating expense ($MM) 71.3 – 78.9 280.0 – 310.0
    Gathering, transportation & production taxes ($MM) 6.6 – 7.4 27.1 – 30.1
    General & administrative – cash ($MM) 14.5 – 16.1 62.0 – 69.0
    General & administrative – non-cash ($MM) 2.4 – 2.8 10.1 – 11.3
    DD&A ($ per Boe)   13.40 – 14.90

    W&T expects substantially all income taxes in 2025 to be deferred. 

    Conference Call Information: W&T will hold a conference call to discuss its financial and operational results on Wednesday, May 7, 2025 at 11:00 a.m. Central Time (12:00 p.m. Eastern Time). Interested parties may dial 1-844-739-3797. International parties may dial 1-412-317-5713. Participants should request to connect to the “W&T Offshore Conference Call.” This call will also be webcast and available on W&T’s website at www.wtoffshore.com under “Investors.” An audio replay will be available on the Company’s website following the call.

    About W&T Offshore

    W&T Offshore, Inc. is an independent oil and natural gas producer with operations offshore in the Gulf of America and has grown through acquisitions, exploration and development. As of March 31, 2025, the Company had working interests in 52 fields in federal and state waters (which include 45 fields in federal waters and seven in state waters). The Company has under lease approximately 634,700 gross acres (496,900 net acres) spanning across the outer continental shelf off the coasts of Louisiana, Texas, Mississippi and Alabama, with approximately 487,200 gross acres on the conventional shelf, approximately 141,900 gross acres in the deepwater and 5,600 gross acres in Alabama state waters. A majority of the Company’s daily production is derived from wells it operates. For more information on W&T, please visit the Company’s website at www.wtoffshore.com.

    Forward-Looking and Cautionary Statements

    This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical facts included in this release, including those regarding the Company’s financial position, operating and financial performance, business strategy, plans and objectives of management for future operations, projected costs, industry conditions, potential acquisitions, sustainability initiatives, the impact of and integration of acquired assets, and indebtedness are forward-looking statements. When used in this release, forward-looking statements are generally accompanied by terms or phrases such as “estimate,” “project,” “predict,” “believe,” “expect,” “continue,” “anticipate,” “target,” “could,” “plan,” “intend,” “seek,” “goal,” “will,” “should,” “may” or other words and similar expressions that convey the uncertainty of future events or outcomes, although not all forward-looking statements contain such identifying words. Items contemplating or making assumptions about actual or potential future production and sales, prices, market size, and trends or operating results also constitute such forward-looking statements.

    These forward-looking statements are based on the Company’s current expectations and assumptions about future events and speak only as of the date of this release. While management considers these expectations and assumptions to be reasonable, they are inherently subject to significant business, economic, competitive, regulatory and other risks, contingencies and uncertainties, most of which are difficult to predict and many of which are beyond the Company’s control. Accordingly, you are cautioned not to place undue reliance on these forward-looking statements, as results actually achieved may differ materially from expected results described in these statements. The Company does not undertake, and specifically disclaims, any obligation to update any forward-looking statements to reflect events or circumstances occurring after the date of such statements, unless required by law.

    Forward-looking statements are subject to risks and uncertainties that could cause actual results to differ including, among other things, the regulatory environment, including availability or timing of, and conditions imposed on, obtaining and/or maintaining permits and approvals, including those necessary for drilling and/or development projects; the impact of current, pending and/or future laws and regulations, and of legislative and regulatory changes and other government activities, including those related to permitting, drilling, completion, well stimulation, operation, maintenance or abandonment of wells or facilities, managing energy, water, land, greenhouse gases or other emissions, protection of health, safety and the environment, or transportation, marketing and sale of the Company’s products; inflation levels; global economic trends, geopolitical risks and general economic and industry conditions, such as the global supply chain disruptions and the government interventions into the financial markets and economy in response to inflation levels and world health events; volatility of oil, NGL and natural gas prices; the global energy future, including the factors and trends that are expected to shape it, such as concerns about climate change and other air quality issues, the transition to a low-emission economy and the expected role of different energy sources; supply of and demand for oil, NGLs and natural gas, including due to the actions of foreign producers, importantly including OPEC and other major oil producing companies (“OPEC+”) and change in OPEC+’s production levels; disruptions to, capacity constraints in, or other limitations on the pipeline systems that deliver the Company’s oil and natural gas and other processing and transportation considerations; inability to generate sufficient cash flow from operations or to obtain adequate financing to fund capital expenditures, meet the Company’s working capital requirements or fund planned investments; price fluctuations and availability of natural gas and electricity; the Company’s ability to use derivative instruments to manage commodity price risk; the Company’s ability to meet the Company’s planned drilling schedule, including due to the Company’s ability to obtain permits on a timely basis or at all, and to successfully drill wells that produce oil and natural gas in commercially viable quantities; uncertainties associated with estimating proved reserves and related future cash flows; the Company’s ability to replace the Company’s reserves through exploration and development activities; drilling and production results, lower–than–expected production, reserves or resources from development projects or higher–than–expected decline rates; the Company’s ability to obtain timely and available drilling and completion equipment and crew availability and access to necessary resources for drilling, completing and operating wells; changes in tax laws; effects of competition; uncertainties and liabilities associated with acquired and divested assets; the Company’s ability to make acquisitions and successfully integrate any acquired businesses; asset impairments from commodity price declines; large or multiple customer defaults on contractual obligations, including defaults resulting from actual or potential insolvencies; geographical concentration of the Company’s operations; the creditworthiness and performance of the Company’s counterparties with respect to its hedges; impact of derivatives legislation affecting the Company’s ability to hedge; failure of risk management and ineffectiveness of internal controls; catastrophic events, including tropical storms, hurricanes, earthquakes, pandemics and other world health events; environmental risks and liabilities under U.S. federal, state, tribal and local laws and regulations (including remedial actions); potential liability resulting from pending or future litigation; the Company’s ability to recruit and/or retain key members of the Company’s senior management and key technical employees; information technology failures or cyberattacks; and governmental actions and political conditions, as well as the actions by other third parties that are beyond the Company’s control, and other factors discussed in W&T Offshore’s most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q found at www.sec.gov or at the Company’s website at www.wtoffshore.com under the Investor Relations section.

                       
    W&T OFFSHORE, INC.
    Condensed Consolidated Statements of Operations
    (In thousands, except per share data)
    (Unaudited)
                       
        Three Months Ended
        March 31,    December 31,    March 31, 
           2025        2024        2024  
    Revenues:                  
    Oil   $ 87,716     $ 86,778     $ 107,015  
    NGLs     4,772       6,713       7,469  
    Natural gas     35,109       24,203       21,616  
    Other     2,270       2,651       4,687  
    Total revenues     129,867       120,345       140,787  
                       
    Operating expenses:                  
    Lease operating expenses     71,012       64,259       70,830  
    Gathering, transportation and production taxes     5,659       5,912       7,540  
    Depreciation, depletion, and amortization     32,891       38,208       33,937  
    Asset retirement obligations accretion     8,392       8,157       7,969  
    General and administrative expenses     20,157       20,799       20,515  
    Total operating expenses     138,111       137,335       140,791  
                       
    Operating loss     (8,244 )     (16,990 )     (4 )
                       
    Interest expense, net     9,492       10,226       10,072  
    Loss on extinguishment of debt     15,015       —       —  
    Derivative loss (gain), net     2,757       2,113       (4,877 )
    Other (income) expense, net     (316 )     (4,118 )     5,230  
    Loss before income taxes     (35,192 )     (25,211 )     (10,429 )
    Income tax (benefit) expense     (4,615 )     (1,849 )     1,045  
    Net loss   $ (30,577 )   $ (23,362 )   $ (11,474 )
                       
    Net loss per common share (basic and diluted)   $ (0.21 )   $ (0.16 )   $ (0.08 )
                       
    Weighted average common shares outstanding (basic and diluted)     147,598       147,365       146,857  
                             
    W&T OFFSHORE, INC.
    Condensed Operating Data
    (Unaudited)
                             
        Three Months Ended
        March 31,    December 31,    March 31, 
        2025   2024   2024
    Net sales volumes:                        
    Oil (MBbls)     1,230       1,263       1,400  
    NGLs (MBbls)     200       273       343  
    Natural gas (MMcf)     7,884       8,505       8,733  
    Total oil and natural gas (MBoe) (1)     2,744       2,953       3,199  
                             
    Average daily equivalent sales (MBoe/d)     30.5       32.1       35.1  
                             
    Average realized sales prices (before the impact of derivative settlements):                        
    Oil ($/Bbl)   $ 71.31     $ 68.71     $ 76.44  
    NGLs ($/Bbl)     23.86       24.59       21.78  
    Natural gas ($/Mcf)     4.45       2.85       2.48  
    Barrel of oil equivalent ($/Boe)     46.50       39.86       42.55  
                             
    Average operating expenses per Boe ($/Boe):                        
    Lease operating expenses   $ 25.88     $ 21.76     $ 22.14  
    Gathering, transportation and production taxes     2.06       2.00       2.36  
    Depreciation, depletion, and amortization     11.99       12.94       10.61  
    Asset retirement obligations accretion     3.06       2.76       2.49  
    General and administrative expenses     7.35       7.04       6.41  
    (1) MBoe is determined using the ratio of six Mcf of natural gas to one Bbl of crude oil, condensate or NGLs (totals may not compute due to rounding). The conversion ratio does not assume price equivalency and the price on an equivalent basis for oil, NGLs and natural gas may differ significantly. The realized prices presented above are volume-weighted for production in the respective period.
                 
    W&T OFFSHORE, INC.
    Consolidated Balance Sheets
    (In thousands)
    (Unaudited)
                 
           March 31,    December 31, 
        2025     2024  
    Assets            
    Current assets:            
    Cash and cash equivalents   $ 105,933     $ 109,003  
    Restricted cash     1,552       1,552  
    Receivables:            
    Oil and natural gas sales     64,991       63,558  
    Joint interest, net     26,884       25,841  
    Prepaid expenses and other assets     22,570       18,504  
    Total current assets     221,930       218,458  
                 
    Oil and natural gas properties and other, net     691,788       777,741  
    Restricted deposits for asset retirement obligations     22,892       22,730  
    Deferred income taxes     54,332       48,808  
    Other assets     34,004       31,193  
    Total assets   $ 1,024,946     $ 1,098,930  
                 
    Liabilities and Shareholders’ Deficit            
    Current liabilities:            
    Accounts payable   $ 77,978     $ 83,625  
    Accrued liabilities     19,210       33,271  
    Undistributed oil and natural gas proceeds     58,647       53,131  
    Advances from joint interest partners     2,432       2,443  
    Current portion of asset retirement obligations     29,098       46,326  
    Current portion of long-term debt, net     566       27,288  
    Total current liabilities     187,931       246,084  
                 
    Asset retirement obligations     532,753       502,506  
    Long-term debt, net     349,481       365,935  
    Other liabilities     17,381       16,182  
                 
    Commitments and contingencies     20,196       20,800  
                 
    Shareholders’ deficit:            
    Preferred stock     —       —  
    Common stock     2       2  
    Additional paid-in capital     597,271       595,407  
    Retained deficit     (655,902 )     (623,819 )
    Treasury stock     (24,167 )     (24,167 )
    Total shareholders’ deficit     (82,796 )     (52,577 )
    Total liabilities and shareholders’ deficit   $ 1,024,946     $ 1,098,930  
                       
    W&T OFFSHORE, INC.
    Condensed Consolidated Statements of Cash Flows
    (In thousands)
    (Unaudited)
                       
        Three Months Ended
        March 31,    December 31,    March 31, 
        2025     2024     2024  
    Operating activities:                  
    Net loss   $ (30,577 )   $ (23,362 )   $ (11,474 )
    Adjustments to reconcile net loss to net cash (used in) provided by operating activities:                  
    Depreciation, depletion, amortization and accretion     41,283       46,365       41,906  
    Share-based compensation     2,087       3,818       3,032  
    Amortization and write off of debt issuance costs     1,099       1,117       1,292  
    Loss on extinguishment of debt     15,015       —       —  
    Derivative loss (gain), net     2,757       2,113       (4,877 )
    Derivative cash (settlements) receipts, net     (5,326 )     (1,638 )     2,599  
    Deferred income (benefit) taxes     (5,517 )     (1,941 )     733  
    Changes in operating assets and liabilities:                  
    Accounts receivable     (1,935 )     (17,064 )     (17,362 )
    Prepaid expenses and other current assets     547       1,792       433  
    Accounts payable, accrued liabilities and other     (18,858 )     3,831       (852 )
    Asset retirement obligation settlements     (3,771 )     (19,348 )     (3,788 )
    Net cash (used in) provided by operating activities     (3,196 )     (4,317 )     11,642  
                       
    Investing activities:                  
    Investment in oil and natural gas properties and equipment     (6,665 )     (14,124 )     (7,080 )
    Acquisition of property interests     (400 )     —       (80,515 )
    Proceeds from sale of oil and natural gas properties     11,935       —       —  
    Insurance proceeds     58,500       —       —  
    Purchases of furniture, fixtures and other     (103 )     (19 )     (24 )
    Net cash provided by (used in) investing activities     63,267       (14,143 )     (87,619 )
                       
    Financing activities:                  
    Proceeds from issuance of long-term debt     350,000       —       —  
    Repayments of long-term debt     (384,264 )     (275 )     (275 )
    Purchase of government securities in connection with legal defeasance of 11.75% Senior Second Lien Notes     (5,889 )     —       —  
    Premium and debt extinguishment costs     (10,230 )     —       —  
    Debt issuance costs     (11,042 )     (183 )     (312 )
    Payment of dividends     (1,493 )     (1,475 )     (1,469 )
    Other     (223 )     (13 )     (483 )
    Net cash used in financing activities     (63,141 )     (1,946 )     (2,539 )
    Change in cash, cash equivalents and restricted cash     (3,070 )     (20,406 )     (78,516 )
    Cash, cash equivalents and restricted cash, beginning of period     110,555       130,961       177,755  
    Cash, cash equivalents and restricted cash, end of period   $ 107,485     $ 110,555     $ 99,239  

    W&T OFFSHORE, INC. AND SUBSIDIARIES
    Non-GAAP Information

    Certain financial information included in W&T’s financial results are not measures of financial performance recognized by accounting principles generally accepted in the United States, or GAAP. These non-GAAP financial measures are “Net Debt,” “Adjusted Net Loss,” “Adjusted EBITDA” and “Free Cash Flow” or are derivable from a combination of these measures. Management uses these non-GAAP financial measures in its analysis of performance. These disclosures may not be viewed as a substitute for results determined in accordance with GAAP and are not necessarily comparable to non-GAAP performance measures which may be reported by other companies. Prior period amounts have been conformed to the methodology and presentation of the current period.

    We calculate Net Debt as total debt (current and long-term portions), less cash and cash equivalents. Management uses Net Debt to evaluate the Company’s financial position, including its ability to service its debt obligations.

    Reconciliation of Net Loss to Adjusted Net Loss

    Adjusted Net Loss adjusts for certain items that the Company believes affect comparability of operating results, including items that are generally non-recurring in nature or whose timing and/or amount cannot be reasonably estimated. These items include loss on extinguishment of debt, unrealized commodity derivative gain, net, allowance for credit losses, non-recurring legal and IT-related costs, non-ARO P&A costs, and other which are then tax effected using the Federal Statutory Rate. Company management believes that this presentation is relevant and useful because it helps investors to understand the net loss of the Company without the effects of certain non-recurring or unusual expenses and certain income or loss that is not realized by the Company.

                       
        Three Months Ended
        March 31,    December 31,    March 31, 
        2025     2024     2024  
          (in thousands)
          (Unaudited)
    Net loss   $ (30,577 )   $ (23,362 )   $ (11,474 )
    Loss on extinguishment of debt     15,015       —       —  
    Unrealized commodity derivative gain, net     (882 )     (497 )     (1,122 )
    Allowance for credit losses     155       118       84  
    Non-recurring legal and IT-related costs     528       860       758  
    Non-ARO P&A costs     (197 )     (2,763 )     5,352  
    Other     (71 )     (1,302 )     (214 )
    Tax effect of selected items (1)     (3,055 )     753       (1,020 )
    Adjusted net loss   $ (19,084 )   $ (26,193 )   $ (7,636 )
                       
    Adjusted net loss per common share (basic and diluted)   $ (0.13 )   $ (0.18 )   $ (0.05 )
                       
    Weighted average shares outstanding (basic and diluted)     147,598       147,365       146,857  

    (1)   Selected items were tax effected with the Federal Statutory Rate of 21% for each respective period.

    W&T OFFSHORE, INC. AND SUBSIDIARIES
    Non-GAAP Information

    Adjusted EBITDA/ Free Cash Flow Reconciliations

    The Company also presents non-GAAP financial measures of Adjusted EBITDA and Free Cash Flow. The Company defines Adjusted EBITDA as net loss plus net interest expense, loss on extinguishment of debt, income tax (benefit) expense, depreciation, depletion and amortization, ARO accretion, excluding the unrealized commodity derivative gain, allowance for credit losses, non-cash incentive compensation, non-recurring legal and IT-related costs, non-ARO P&A costs, and other. Company management believes this presentation is relevant and useful because it helps investors understand W&T’s operating performance and makes it easier to compare its results with those of other companies that have different financing, capital and tax structures. Adjusted EBITDA should not be considered in isolation from or as a substitute for net income, as an indication of operating performance or cash flows from operating activities or as a measure of liquidity. Adjusted EBITDA, as W&T calculates it, may not be comparable to Adjusted EBITDA measures reported by other companies. In addition, Adjusted EBITDA does not represent funds available for discretionary use.

    The Company defines Free Cash Flow as Adjusted EBITDA (defined above), less capital expenditures, P&A costs and net interest expense (all on an accrual basis). For this purpose, the Company’s definition of capital expenditures includes costs incurred related to oil and natural gas properties (such as drilling and infrastructure costs and the lease maintenance costs) and equipment but excludes acquisition costs of oil and gas properties from third parties that are not included in the Company’s capital expenditures guidance provided to investors. Company management believes that Free Cash Flow is an important financial performance measure for use in evaluating the performance and efficiency of its current operating activities after the impact of accrued capital expenditures, P&A costs and net interest expense and without being impacted by items such as changes associated with working capital, which can vary substantially from one period to another. There is no commonly accepted definition of Free Cash Flow within the industry. Accordingly, Free Cash Flow, as defined and calculated by the Company, may not be comparable to Free Cash Flow or other similarly named non-GAAP measures reported by other companies. While the Company includes net interest expense in the calculation of Free Cash Flow, other mandatory debt service requirements of future payments of principal at maturity (if such debt is not refinanced) are excluded from the calculation of Free Cash Flow. These and other non-discretionary expenditures that are not deducted from Free Cash Flow would reduce cash available for other uses.

    The following table presents a reconciliation of the Company’s net loss income, a GAAP measure, to Adjusted EBITDA and Free Cash Flow, as such terms are defined by the Company:

                       
        Three Months Ended
        March 31,    December 31,    March 31, 
        2025     2024     2024  
        (in thousands)
        (Unaudited)
    Net loss   $ (30,577 )   $ (23,362 )   $ (11,474 )
    Interest expense, net     9,492       10,226       10,072  
    Loss on extinguishment of debt     15,015       —       —  
    Income tax (benefit) expense     (4,615 )     (1,849 )     1,045  
    Depreciation, depletion and amortization     32,891       38,208       33,937  
    Asset retirement obligations accretion     8,392       8,157       7,969  
    Unrealized commodity derivative gain, net     (882 )     (497 )     (1,122 )
    Allowance for credit losses     155       118       84  
    Non-cash incentive compensation     2,087       3,818       3,032  
    Non-recurring legal and IT-related costs     528       860       758  
    Non-ARO P&A costs     (197 )     (2,763 )     5,352  
    Other     (71 )     (1,302 )     (214 )
    Adjusted EBITDA   $ 32,218     $ 31,614     $ 49,439  
                       
    Capital expenditures, accrual basis (1)   $ (8,472 )   $ (12,228 )   $ (3,156 )
    Asset retirement obligation settlements     (3,771 )     (19,348 )     (3,788 )
    Interest expense, net     (9,492 )     (10,226 )     (10,072 )
    Free Cash Flow   $ 10,483     $ (10,188 )   $ 32,423  


    (1)     A reconciliation of the adjustment used to calculate Free Cash Flow to the Condensed Consolidated Financial Statements is included below:

                       
    Capital expenditures, accrual basis reconciliation                  
    Investment in oil and natural gas properties and equipment   $ (6,665 )   $ (14,124 )   $ (7,080 )
    Less: change in accrual for capital expenditures     1,807       (1,896 )     (3,924 )
    Capital expenditures, accrual basis   $ (8,472 )   $ (12,228 )   $ (3,156 )

    The following table presents a reconciliation of cash flow from operating activities, a GAAP measure, to Free Cash Flow, as defined by the Company:

                       
        Three Months Ended
        March 31,    December 31,    March 31,
        2025     2024     2024  
        (in thousands)
        (Unaudited)
    Net cash (used in) provided by operating activities   $ (3,196 )   $ (4,317 )   $ 11,642  
    Allowance for credit losses     155       118       84  
    Amortization of debt items     (1,099 )     (1,117 )     (1,292 )
    Non-recurring legal and IT-related costs     528       860       758  
    Current tax (benefit) expense (1)     902       92       312  
    Change in derivatives receivable (payable) (1)     1,687       (972 )     1,156  
    Non-ARO P&A costs     (197 )     (2,763 )     5,352  
    Changes in operating assets and liabilities, excluding asset retirement obligation settlements     20,246       11,441       17,781  
    Capital expenditures, accrual basis     (8,472 )     (12,228 )     (3,156 )
    Other     (71 )     (1,302 )     (214 )
    Free Cash Flow   $ 10,483     $ (10,188 )   $ 32,423  


    (1)     A reconciliation of the adjustments used to calculate Free Cash Flow to the Condensed Consolidated Financial Statements is included below:

                       
    Current tax (benefit) expense:                  
    Income tax (benefit) expense   $ (4,615 )   $ (1,849 )   $ 1,045  
    Less: Deferred income (benefit) taxes     (5,517 )     (1,941 )     733  
    Current tax expense   $ 902     $ 92     $ 312  
                       
    Changes in derivatives receivable (payable)                  
    Derivatives receivable (payable), end of period   $ 310     $ (1,377 )   $ 1,427  
    Derivatives payable (receivable), beginning of period     1,377       405       (271 )
    Change in derivatives receivable (payable)   $ 1,687     $ (972 )   $ 1,156  
         
    CONTACT: Al Petrie Sameer Parasnis
      Investor Relations Coordinator Executive VP and CFO
      investorrelations@wtoffshore.com sparasnis@wtoffshore.com
      713-297-8024 713-513-8654

    Source: W&T Offshore, Inc.

    Released May 6, 2025

    MIL OSI Economics –

  • MIL-OSI USA: Rep. Maria Salazar Leads Bill to Boost U.S. Blue Economy and Support Coastal Communities

    Source: United States House of Representatives – Congresswoman María Elvira Salazar’s (FL-27)

    span>WASHINGTON, D.C.—Last week, U.S. Representatives Maria Elvira Salazar (R-FL), Chellie Pingree (D-ME) and U.S. Senators Murkowski (R-AK) and Cantwell (D-WA) introduced H.R. 3048to strengthen coastal communities and the blue economy across the U.S.— through advanced research and development, job creation, and private-sector partnerships. The bipartisan, bicameral Ocean Regional Opportunity and Innovation (Ocean ROI) Act, would direct the Secretary of Commerce to establish “Ocean Innovation Clusters” and assist with their operation.

    Specifically, the Ocean ROI Act requires the Secretary of Commerce—acting through the administrator of the U.S. Economic Development Administration, and in consultation with the administrator of the National Oceanic and Atmospheric Administration (NOAA)—to designate at least one ocean innovation cluster in each of the five NOAA Fisheries regions, Gulf of America region, and the Great Lakes region. The bill would also authorize competitive grants for cluster operation and administration to support ocean innovation clusters at the federal level. 

    “Miami’s beautiful coasts and pristine waters provide Florida with billions in tourism and commerce every year, and I am committed to preserving them for generations to come,” said Rep. Salazar. “I am proud to reintroduce this legislation to promote Miami’s development and improve our environment through the sustainable use of our oceans. The blue economy and the opportunities it provides are growing, and there is no better place to invest the best we have in research and technology than right here in South Florida.”

    “Ocean innovation doesn’t happen in a vacuum; it relies on strong federal partnerships and trusted scientific institutions and federal agencies. As the Trump Administration doubles down on its attacks against climate research and ocean science, it’s more important than ever that Congress step up,” said Rep. Pingree. “The Ocean Regional Opportunity and Innovation Act is a bipartisan, bicameral effort to invest in our Blue Economy, boost ocean-based industries, and strengthen the resilience of coastal communities from the Gulf of Maine to the Bering Sea. Congresswoman Salazar, Senator Murkowski, Senator Cantwell, and I represent some of the most iconic and vulnerable coastlines in the nation. We know just how vital the ocean is to our economies, our environment, and our future. The United States should be leading the world in ocean innovation, not dismantling the partnerships that make it possible.”

    “A strong blue economy will require strong coordination and creativity, and that’s why I’m leading this effort to invest in our ocean clusters and take advantage of the opportunities for innovation and collaboration,” said Sen. Murkowski. “This effort doesn’t just focus on the untapped economic potential of our blue economy, but also ensures that collaboration is at the center of any conversation or effort to address the impacts of climate change on our coastal communities. By providing incentives and workspaces for Alaskans in maritime and maritime-adjacent industries, we can achieve real progress in strengthening the blue economy.” 

    “From protecting orcas from vessel noise, to transitioning to a carbon-free future for our ports and maritime industry, Washington’s ocean cluster, called Maritime Blue, is working hard to solve complex challenges facing our economy,” said Sen. Cantwell. “This bill would build on their success by creating a new grant program to fund ocean innovation clusters and grow Washington’s $60 billion maritime economy.”

    “Regional innovation clusters bring credibility, coordination, and effective interdisciplinary collaboration to current and emerging BlueTech ecosystems like ours in South Florida,” said Daniel Kleinman, founder & CEO of the Seaworthy Collective. “As a co-lead of one of NOAA and Integrated Ocean Observing System (IOOS)’s Ocean Enterprise Accelerators, The Continuum, we’re excited to see this bipartisan support for regional ocean innovation clusters to further demonstrate NOAA’s critical role in growing blue businesses, innovation ecosystems, and economies from coast to coast.” 

    “There has never been a more important time to support investment in blue economy ventures that add value to our coastal resources and lay the foundation for the industries of the future,” said Patrick Arnold of the New England Ocean Cluster in Portland, Maine. “Strategic policy support can help accelerate innovation, attract private capital, and create resilient, high-quality jobs in coastal communities—positioning the United States as a global leader in sustainable ocean-based industries.”

    “TMA BlueTech enthusiastically supports the reintroduction of the Ocean Regional Opportunity and Innovation Act. This legislation is a pivotal step toward bolstering America’s maritime industrial base by fostering advanced maritime defense technologies, smart maritime systems and regional innovation clusters,” said Matt Classen at TMA BlueTech in San Diego.“By promoting cross-sector collaboration, workforce development, and technological advancement, the Act complements national efforts like the SHIPS for America Act, which aims to revitalize U.S. shipbuilding and expand our commercial fleet. Together, these initiatives will enhance our nation’s maritime capabilities, economic resilience, and global competitiveness.”

    MIL OSI USA News –

  • MIL-OSI Submissions: Global Economy – KOF Business Tendency Surveys: Swiss companies lowering their forecasts

    Source: KOF Economic Institute

    The KOF Business Situation Indicator for the private sector in Switzerland, which is calculated based on KOF’s Business Tendency Surveys, fell again in April, recording its third consecutive decline. Firms’ business expectations for the next six months show a similar pattern: forecasts are being adjusted downwards for the third month in a row.

    Business activity cooled in April, particularly in financial and insurance services and in other services. Business in the construction industry, the project engineering sector and the retail trade is also slightly less buoyant than before. In contrast, the Business Situation Indicator revealed a fairly encouraging trend in manufacturing, wholesale and food services. This means that the picture is not uniform across all sectors, with recent growth in the key sector of other services acting as the main constraint.

    Almost all sectors are adopting a more sceptical stance

    A different pattern can be seen in firms’ business expectations for the next six months. Companies in the manufacturing sector are adjusting their expectations downwards for the fifth month in a row, with sceptical sentiment prevailing on balance in April for the first time since the end of 2022. Firms in financial and insurance services, construction, project engineering, wholesale and hospitality are also lowering their forecasts. Only the retail trade and other service providers are more confident about future trends than they were in the previous month. If we compare the forecasts for these two sectors with those made at the beginning of this year, however, they too have become more cautious.

    Companies anticipating lower wage increases than before

    Firms are expecting average salary rises of 1.3 per cent over the period up to twelve months from now. They are therefore forecasting lower salary increases than in the January survey (1.5 per cent) and in last year’s April survey (1.6 per cent). Companies in the manufacturing and hospitality sectors in particular are expecting lower rises than in January. Overall, firms have become more restrictive in their workforce planning and, on balance, no more staff increases are scheduled for the next three months. Reports of staff shortages have grown in the construction and hospitality industries, are similarly frequent in manufacturing as in the last quarter and are decreasing in the other sectors (financial and insurance services, project engineering, wholesale and other services).

    The results of the KOF Business Tendency Surveys from April 2025 include responses from around 4,500 firms from manufacturing, construction and the major service sectors. This equates to a response rate of around 59 per cent.

    MIL OSI – Submitted News –

  • MIL-OSI USA: Hickenlooper, Western Senators Applaud Progress, Senate Hearing on Their Bipartisan Wildfire Resilience Bill

    US Senate News:

    Source: United States Senator for Colorado John Hickenlooper
    Hickenlooper’s Fix Our Forests Act will help reduce wildfire risk for Colorado communities and speed up mitigation projects while maintaining environmental safeguards and encouraging local involvement
    WASHINGTON – Today, U.S. Senators John Hickenlooper, John Curtis, Alex Padilla, and Tim Sheehy applauded the continued progress of their bipartisan Fix Our Forests Act, which received a hearing this afternoon in the Senate Committee on Agriculture, Nutrition, and Forestry. The bipartisan legislation works to combat the increase of catastrophic wildfires across Colorado and the United States by improving forest management, supporting fire-safe communities, and streamlining approvals for projects that protect communities and ecosystems from extreme wildfires.
    A one-pager can be found here, and a section-by-section can be found here.
    “The wildfire crisis is here – and climate change is making it worse,” Hickenlooper said. “Our bipartisan bill matches the urgency to protect our communities and the environment. We’re glad the committee is moving fast – this crisis won’t wait.”
    “Utah and the American West are on the front lines of raging wildfires—and the longer we wait, the more acres will burn, and the more families will be impacted,” said Curtis. “I’m encouraged to see our Fix Our Forests Act receive a hearing in the Senate Agriculture Committee today. Our legislation reflects months of consensus-building, and I’m confident that spirit will continue as the bill is considered by the Committee and, later, by the full Senate.”
    “The status quo around wildfires isn’t working. To protect our communities from these disasters, we have to work together across the aisle to reassess how we prevent and mitigate wildfires,” said Padilla. “Our Fix Our Forests Act represents important bipartisan progress, not just in reducing wildfire risk in and around our national forests, but in protecting urban areas and our efforts to slash climate emissions. I am glad to see the bill continue to move through the Senate and will keep fighting to advance forward-thinking, practical solutions to the wildfire crisis because if we can help prevent even one more community from the devastation California has experienced, it’ll be worth it.”
    “As we work to create more good-paying jobs and support those on the frontlines protecting communities from catastrophic wildfire, better stewarding our forests is something we can all agree on, regardless of party. The Fix Our Forests Act is a bipartisan, commonsense solution that helps secure a stronger economy, more resilient, healthy forests, and safer communities,” said Sheehy.
    The comprehensive bill reflects months of bipartisan negotiations to find consensus on how to accelerate forest management projects, promote safe and responsible prescribed fire treatments, expand public input in assessments of wildfire resilience needs, and enhance collaboration between federal agencies, states, tribes, and stakeholders.
    Earlier this month, the senators announced growing support from state and local government officials, community leaders, and industry stakeholders for the Senate version of the Fix Our Forests Act.
    The West has long been prone to wildfires, but climate change, prolonged drought, and the buildup of dry fuels have increasingly intensified these fires and extended fire seasons. Wildfires today are more catastrophic – growing larger, spreading faster, and burning more land than ever before.
    Colorado has seen four of the five largest fires in our state history since 2018. The 2021 Marshall fire was Colorado’s most destructive on record, burning over 1,000 homes. The Cameron Peak and East Troublesome fires in 2020 together burned over 400,000 acres, the two largest fires in the state’s history. Nationwide, total acres burned rose from 2.7 million in 2023 to nearly 9 million in 2024, a 231% increase.
    Forest health challenges are also increasing in frequency and severity due to climate stressors like drought and fire, and biological threats like invasive species – all of which the West is particularly vulnerable to. From 2001 to 2019, total forest area declined by 2.3%, while interior forest area decreased by up to 9.5%. The Intermountain region had the largest area losses, and the Pacific Southwest had the highest annual loss rates.
    More information on today’s hearing is available HERE.

    MIL OSI USA News –

  • MIL-OSI USA: Booker Sends Urgent Letter to Transportation Secretary Duffy, Pushes for “All Necessary Steps” to Address Issues at Newark Airport, Including Directing Additional Staff and Resources to Restore Regular Operations

    US Senate News:

    Source: United States Senator for New Jersey Cory Booker
    NEWARK, N.J. – This afternoon, Senator Cory Booker sent a letter to United States Department of Transportation Secretary (USDOT) Sean Duffy regarding the ongoing operational challenges at Newark Liberty International Airport (EWR), including widespread flight delays and cancellations, reportedly outdated air traffic control systems, and chronic staffing shortages.
    Booker wrote: “Given the serious consequences for our nation’s aviation system, it is critical that the United States Department of Transportation (USDOT) and the Federal Aviation Administration (FAA) take all necessary steps to identify and address the underlying causes of the ongoing flight disruptions. I appreciate that the USDOT has already responded to this ongoing situation by identifying the importance of technology upgrades across the entire air traffic control system, and I am committed to supporting these efforts in Congress. 
    “However, I ask that you also immediately direct additional staff and resources in order to restore regular operations at EWR in the days ahead. This is of particular importance as the busy summer travel season approaches, which will put further pressure on EWR and the region’s airspace. Specifically, I request that you take additional steps to address the staffing shortages at the Philadelphia Terminal Radar Approach Control (TRACON) facility, which have contributed significantly to the repeated suspension and interruption of flight operations at EWR.”  
    Booker concludes: “These issues, along with the termination of thousands of employees that directly support the FAA’s day-to-day operations, are putting an additional strain on the FAA and our aviation system at a time when public safety has come under well-deserved scrutiny after recent accidents. Given the gravity of the problems impacting operations at EWR and the major inconveniences this has caused for people traveling through New Jersey, I am requesting a briefing to discuss the problems you’ve identified within the USDOT and the steps you are taking to alleviate these burdens.”
    A full copy of the May 6 letter can be found here and below:
    Dear Secretary Duffy:
    I write to express our serious concerns over the ongoing flight delays and cancellations at Newark Liberty International Airport (EWR) that have stranded travelers, disrupted Americans’ lives, and negatively impacted our national economy over the past week. As you know, EWR is one of the busiest airports in the country and operates within the third busiest airspace—a major shutdown of service at EWR has an immediate ripple effect throughout the nation’s entire aviation system. 
    Given the serious consequences for our nation’s aviation system, it is critical that the United States Department of Transportation (USDOT) and the Federal Aviation Administration (FAA) take all necessary steps to identify and address the underlying causes of the ongoing flight disruptions. I appreciate that the USDOT has already responded to this ongoing situation by identifying the importance of technology upgrades across the entire air traffic control system, and I am committed to supporting these efforts in Congress. 
    However, I ask that you also immediately direct additional staff and resources in order to restore regular operations at EWR in the days ahead. This is of particular importance as the busy summer travel season approaches, which will put further pressure on EWR and the region’s airspace. Specifically, I request that you take additional steps to address the staffing shortages at the Philadelphia Terminal Radar Approach Control (TRACON) facility, which have contributed significantly to the repeated suspension and interruption of flight operations at EWR.  
    These issues, along with the termination of thousands of employees that directly support the FAA’s day-to-day operations, are putting an additional strain on the FAA and our aviation system at a time when public safety has come under well-deserved scrutiny after recent accidents. Given the gravity of the problems impacting operations at EWR and the major inconveniences this has caused for people traveling through New Jersey, I am are requesting a briefing to discuss the problems you’ve identified within the USDOT and the steps you are taking to alleviate these burdens.  
    I thank you in advance for your attention to Newark Liberty International Airport’s urgent needs to improve air traffic control staffing levels and invest in updated technologies that will keep our passengers and aviation workers safe. I look forward to working with you to make these improvements and ensure safety and reliability for the traveling public. 

    MIL OSI USA News –

  • MIL-OSI: Best New Online Casinos: JACKBIT Voted #1 Online Casino for New Crypto Players

    Source: GlobeNewswire (MIL-OSI)

    LARNACA, Cyprus, May 06, 2025 (GLOBE NEWSWIRE) — After spending time exploring different crypto casinos, we quickly realized that many just didn’t meet expectations. The bonuses felt small, the game selections were limited, and the overall experience wasn’t very memorable.

    Then we got to know about JACKBIT, and it made a real difference. From the moment we signed up, it impressed us with a generous welcome bonus, fast crypto payments, and a wide variety of games. The platform was easy to use, and everything worked seamlessly. JACKBIT truly stands out as one of the best new online casinos available.

    ✅JOIN JACKBIT TODAY AND START PLAYING INSTANTLY — NO KYC REQUIRED!

    Our Favourite Overall New Crypto Casino: JACKBIT

    JACKBIT has solidified its position as the best new online casino for 2025, offering a perfect blend of innovation, variety, and player-focused features. This brand-new online casino sets itself apart with its no-KYC policy, ensuring total anonymity for players who prioritize privacy. With over 7,000 games powered by 85 leading software providers, JACKBIT caters to every gaming preference, from slots to live dealer tables and a sportsbook featuring over 82,000 live monthly events. Its seamless support for 17+ cryptocurrencies and fiat options like Visa and Apple Pay makes it accessible to a global audience, reinforcing its status among the best crypto casinos.

    The platform’s intuitive design and lightning-fast crypto transactions create a hassle-free experience for both casual players and high rollers. JACKBIT’s commitment to delivering value through generous promotions, such as weekly giveaways and a robust VIP program, keeps players engaged. Whether you’re spinning slots or betting on sports, this new online casino offers a dynamic and rewarding experience that’s hard to beat. Its rapid rise since its 2022 launch underscores its credibility as a leader in the best new online casinos.

    JACKBIT Casino Features

    JACKBIT’s feature-rich platform makes it a standout in the best new online casinos, combining cutting-edge technology with user-centric design. Here’s a detailed look at what sets it apart:

    • License and Security: JACKBIT operates under a Curacao Gaming License, ensuring a regulated and fair gaming environment. Its no-KYC policy enhances privacy, making it a top anonymous online casino, though some players may prefer stricter licenses like those from Malta or the UKGC. SSL encryption protects all transactions and data, aligning with industry standards.
    • Bonuses and Promotions: New players are welcomed with a 30% Rakeback and 100 free spins on their first deposit. Ongoing offers include $10,000 weekly giveaways, 10,000 free spins, a VIP program with up to 30% Rakeback, social media bonuses, and Pragmatic Drops & Wins with a €2,000,000 prize pool. These promotions add significant value for players.
    • Game Library: With over 7,000 games, JACKBIT offers slots, table games (blackjack, roulette, poker, baccarat), live dealers, and a sportsbook covering 140+ sports with 4,500+ betting options. This diversity ensures every player finds something to enjoy.
    • Game Providers: JACKBIT partners with industry leaders like NetEnt, Microgaming, Evolution Gaming, Pragmatic Play, and Betsoft, guaranteeing high-quality, immersive gameplay across all categories.
    • Banking Options: The platform supports 17+ cryptocurrencies, including Bitcoin, Ethereum, Tether, and Solana, alongside fiat methods like Visa, MasterCard, Google Pay, and Apple Pay. Crypto transactions are instant and fee-free, making it a top Pay ID casino alternative.
    • Customer Support: 24/7 live chat in multiple languages (English, German, French, Spanish) provides prompt, professional assistance. An extensive FAQ section further enhances user trust.
    • Mobile Experience: Fully optimized for iOS and Android, JACKBIT delivers seamless gameplay without a dedicated app, ensuring accessibility on the go.

    These features collectively position JACKBIT as a trailblazer in the best new online casinos, offering a comprehensive and enjoyable gaming experience for all players. Its focus on privacy, variety, and speed makes it a go-to choice for modern gamblers.

    ✅CLAIM YOUR 100 FREE SPINS NOW AT JACKBIT CASINO!

    What Makes JACKBIT Better Than Other New Crypto Casinos

    JACKBIT stands out among the best new online casinos due to its unique combination of privacy, variety, and innovative features. Here’s why it surpasses its competitors:

    • Unmatched Privacy with No KYC: Unlike many crypto casinos that require identity verification, JACKBIT’s no-KYC policy allows players to enjoy a fully anonymous online casino experience. This makes it the best choice for those prioritizing discretion, setting it apart from other new online casinos.
    • Expansive Game Library: With over 7,000 games, JACKBIT offers a broader selection than most competitors. From high-RTP slots to live dealer tables and a sportsbook with 140+ sports, it ensures every player finds their niche, making it a leader in the best crypto casinos.
    • Superior Payment Flexibility: Supporting 17+ cryptocurrencies and fiat options like Google Pay and Apple Pay, JACKBIT provides faster, fee-free payouts compared to many other platforms. This flexibility enhances its appeal among the best new online casinos.
    • Innovative Bonuses: JACKBIT’s 30% Rakeback and 100 free spins welcome offer, combined with unique promotions like social media bonuses and weekly giveaways, deliver more value than standard deposit matches found at other brand new online casinos.
    • Robust Sportsbook: While many crypto casinos focus solely on casino games, JACKBIT’s sportsbook, with 82,000+ live events and 4,500+ betting types, caters to sports betting enthusiasts, adding a unique dimension to its offerings.
    • Global Accessibility: Multilingual support in English, German, French, and Spanish, paired with a mobile-optimized platform, makes JACKBIT more inclusive than region-locked competitors, reinforcing its position in the best new online casinos.

    JACKBIT’s ability to combine privacy, variety, and innovative rewards creates a gaming experience that’s hard to match. Its player-centric approach and global reach make it a top contender among the best crypto casinos, appealing to both casual players and seasoned gamblers.

    What We Like and Don’t Like About JACKBIT Casino

    Like any platform, JACKBIT has its strengths and areas for improvement. Here’s a balanced look at what makes it shine and where it could grow among the best new online casinos.

    Advantages

    • No KYC Requirement: JACKBIT’s no-KYC policy makes it the best anonymous online casino, offering unparalleled privacy for players who value discretion.
    • Massive Game Library: With over 7,000 titles, including slots, table games, live dealers, and a comprehensive sportsbook, JACKBIT caters to every gaming preference.
    • Diverse Payment Options: Supporting 17+ cryptocurrencies and fiat methods like Visa and Google Pay, JACKBIT ensures fast, secure, and fee-free transactions, rivaling top Pay ID casino platforms.
    • Generous Bonuses: From a 30% Rakeback and 100 free spins welcome offer to weekly giveaways and a rewarding VIP program, JACKBIT keeps players engaged with valuable rewards.
    • Instant Crypto Payouts: Players can access winnings quickly, thanks to fee-free, instant crypto withdrawals, a key feature of the best new online casinos.
    • 24/7 Multilingual Support: Live chat in multiple languages ensures global players receive prompt, professional assistance at any time.
    • Comprehensive Sportsbook: With 140+ sports and 82,000+ live events, JACKBIT’s sportsbook adds a dynamic layer to its casino offerings, appealing to sports betting fans.

    Disadvantages

    • Curacao License: While reputable, the Curacao Gaming License may be seen as less stringent than those from Malta or the UKGC, which could concern some players.
    • Limited Game Category Details: Certain games, like craps, lack detailed information in some reviews, which could improve transparency for players exploring the best new online casinos.
    • No Dedicated Mobile App: Although the mobile site is highly responsive, the absence of a dedicated app might disappoint some users who prefer app-based gaming.

    Overall, JACKBIT’s strengths far outweigh its minor drawbacks, making it a top choice among the best new online casinos. Its focus on privacy, variety, and player rewards ensures a standout experience, even as it continues to refine its offerings.

    How We Selected the Best New Online Casino

    Selecting the best new online casinos involves a meticulous evaluation of critical factors to ensure a safe, enjoyable, and rewarding experience. Our process for choosing JACKBIT as a leader in this category is thorough and transparent. Here’s how we assessed it:

    • License and Security: A valid license is non-negotiable for trust and compliance. JACKBIT’s Curacao Gaming License ensures legal operation and regular audits for fairness. Its no-KYC policy enhances privacy, making it a top anonymous online casino, while SSL encryption safeguards player data and transactions.
    • Bonuses and Promotions: Competitive bonuses attract and retain players. JACKBIT’s 30% Rakeback and 100 free spins welcome offer, combined with weekly $10,000 giveaways, 10,000 free spins, and a VIP program, provide exceptional value compared to other new online casinos.
    • Game Variety: A diverse game library is essential for player satisfaction. JACKBIT’s 7,000+ games, including slots, table games, live dealers, and a sportsbook with 140+ sports, cater to all preferences, setting it apart in the best new online casinos.
    • Casino Game Providers: Partnerships with top providers guarantee quality and innovation. JACKBIT collaborates with industry leaders like NetEnt, Microgaming, Evolution Gaming, and Pragmatic Play, ensuring cutting-edge gameplay across all categories.
    • Banking Methods: Flexible and secure payment options are vital. JACKBIT supports 17+ cryptocurrencies (Bitcoin, Ethereum, Tether) and fiat methods (Visa, Google Pay, Apple Pay), with instant, fee-free crypto transactions, making it a strong Pay ID casino alternative.
    • Customer Support: Reliable support builds trust and enhances the user experience. JACKBIT’s 24/7 live chat in multiple languages, coupled with a comprehensive FAQ section, ensures players receive prompt, professional assistance.
    • User Experience: An intuitive interface and mobile compatibility are key to accessibility. JACKBIT’s sleek design and fully optimized mobile platform deliver seamless gameplay on desktops, tablets, and smartphones, a hallmark of the best new online casinos.

    This rigorous evaluation process confirms JACKBIT’s position as a leader in the best new online casinos, offering a secure, diverse, and player-focused experience that meets the needs of modern gamblers.

    How We Chose JACKBIT as the Best Online Casino

    Our methodology for selecting the best crypto casinos prioritizes player satisfaction, reliability, and innovation. JACKBIT emerged as a top contender among the best new online casinos due to its exceptional performance across these key criteria:

    • User Experience: A seamless, intuitive platform is critical for player enjoyment. JACKBIT’s clean design, easy navigation, and mobile-friendly interface make it accessible to all users, from beginners to seasoned players, setting it apart from other brand-new online casinos.
    • Game Quality and Innovation: High-quality games from trusted providers ensure fairness and engagement. JACKBIT’s partnerships with NetEnt, Evolution Gaming, and Pragmatic Play deliver top-tier experiences, with innovative features like provably fair games and immersive live dealer tables.
    • Bonus Fairness: Promotions should offer genuine value with transparent terms. JACKBIT’s 30% Rakeback, 100 free spins, and weekly giveaways are player-friendly, providing more rewards than many competitors in the best new online casinos.
    • Payment Speed and Security: Fast, secure transactions are essential for a modern casino. JACKBIT’s instant crypto payouts, fee-free withdrawals, and robust encryption set a high standard, making it a top choice for players seeking a Pay ID casino alternative.
    • Reputation and Feedback: Player reviews and industry standing are critical indicators of credibility. Since its 2022 launch, JACKBIT has earned positive feedback on platforms like Trustpilot and AskGamblers, confirming its reliability among the best crypto casinos.
    • Responsible Gambling: Tools like deposit limits, self-exclusion, and reality checks promote safe play. JACKBIT’s commitment to responsible gaming aligns with the standards of the best new online casinos, ensuring player well-being.

    By excelling in these areas, JACKBIT proves itself as a leader in the best crypto casinos, delivering a reliable, innovative, and rewarding experience for players worldwide.

    How to Join JACKBIT

    Joining JACKBIT, one of the best new online casinos, is a quick and straightforward process, thanks to its streamlined, no-KYC registration. This makes it an ideal choice for players seeking an anonymous online casino. Follow these simple steps to get started:

    1. Visit JACKBIT’s official website using a secure browser.
    2. Locate and click the “Sign Up” or “Register” button in the top-right corner of the homepage.
    3. Provide minimal details, such as an email address, password, and preferred currency, to maintain anonymity.
    4. Choose a payment method from 17+ cryptocurrencies (e.g., Bitcoin, Ethereum) or fiat options (e.g., Visa, Google Pay) and make your first deposit.
    5. Claim the 30% Rakeback and 100 free spins welcome bonus to boost your gaming experience.
    6. Start exploring the 7,000+ games or dive into the sportsbook for betting action.

    The entire process takes less than five minutes, making JACKBIT one of the most accessible new online casinos. Before signing up, ensure you meet your jurisdiction’s legal gambling age, typically 18 or 19, to comply with regulations. JACKBIT’s user-friendly onboarding process reinforces its position as a top choice among the best new online casinos, offering instant access to a world of gaming excitement.

    ✅SIGN UP AT JACKBIT AND ENJOY FAST, ANONYMOUS PLAY!

    The Selection Process: Defining Excellence in Online Gaming

    Our selection process for identifying the best new online casinos is rigorous and transparent, focusing on measurable criteria that define excellence in online gaming. JACKBIT excels across these key areas, earning its place as a leader in the industry:

    • Game Quality and Variety: A diverse, high-quality game library is essential for player satisfaction. JACKBIT’s 7,000+ titles, including slots, table games, live dealers, and a sportsbook with 140+ sports, set a benchmark for variety and quality in the best new online casinos.
    • User Experience: Intuitive navigation and cross-device compatibility are critical for accessibility. JACKBIT’s responsive design ensures seamless gameplay on desktops, tablets, and smartphones, making it a standout among brand new online casinos.
    • Bonuses and Fairness: Promotions should enhance gameplay without excessive restrictions. JACKBIT’s 30% Rakeback, 100 free spins, and weekly giveaways are generous and transparent, offering more value than many competitors in the best crypto casinos.
    • Payment Flexibility: Secure, diverse payment methods cater to modern player needs. JACKBIT’s support for 17+ cryptocurrencies and fiat options like Apple Pay provides unmatched convenience, positioning it as a top Pay ID casino alternative.
    • Security and Trust: Licensing, encryption, and fair play are paramount for player confidence. JACKBIT’s Curacao Gaming License, SSL encryption, and no-KYC policy build trust, making it a leading anonymous online casino.
    • Innovation: Features like crypto integration and anonymous play set top casinos apart. JACKBIT’s no-KYC approach, extensive crypto support, and innovative promotions make it a pioneer in the best new online casinos.

    This comprehensive process confirms JACKBIT’s excellence, redefining standards for online gaming and solidifying its position as a top choice among the best new online casinos in 2025.

    Games Offered in JACKBIT

    JACKBIT’s game library is a cornerstone of its appeal, offering over 7,000 titles across multiple categories. This extensive selection makes it a standout among the best new online casinos, catering to every type of player. Below is a detailed exploration of its offerings:

    1. Slots

    Slots dominate JACKBIT’s catalog, with over 5,000 titles, including 180+ Megaways and progressive jackpots. These games range from classic fruit machines to modern video slots with cinematic graphics and immersive storylines. Popular titles include:

    • Gold Party: A high-volatility slot with massive payout potential, ideal for thrill-seekers.
    • Chilli Heat: A vibrant, medium-variance slot with engaging free spins features, perfect for casual players.
    • Wolf Gold: A fan-favorite with stacked wilds and jackpot opportunities, offering exciting gameplay.

    Regular slot tournaments and free spins promotions enhance the experience, making JACKBIT a top destination for slot enthusiasts in the best new online casinos.

    2. Table Games

    JACKBIT offers a robust selection of table games for players who enjoy strategy and skill-based gaming:

    • Craps: A thrilling dice game with multiple betting options, available in RNG format and possibly live dealer versions, appealing to risk-takers.
    • Blackjack: Variants like Power Blackjack, Blackjack VIP, and Infinite Blackjack offer low house edges and strategic depth, catering to both novices and experts.
    • Roulette: Options include European, American, and Lightning Roulette, each with unique gameplay and betting limits to suit different preferences.
    • Poker: Titles like Texas Hold’em, Caribbean Stud, and video poker variants such as Jacks or Better provide diverse options for poker fans.
    • Baccarat: Features Mini Baccarat, VIP Baccarat, and Speed Baccarat for quick-play enthusiasts seeking fast-paced action.

    These table games combine skill and excitement, reinforcing JACKBIT’s position among the best new online casinos.

    3. Live Dealer Games

    JACKBIT’s live dealer section, powered by industry leaders like Evolution Gaming and Pragmatic Play, delivers an authentic casino experience:

    • Live Blackjack: Multiple tables with low-stakes and VIP options, featuring real-time interaction with professional dealers.
    • Live Roulette: Variants like Immersive Roulette and Auto Roulette provide dynamic gameplay with high-definition streaming.
    • Live Baccarat: Includes No Commission Baccarat and Punto Banco, offering fast-paced action for baccarat fans.
    • Game Shows: Titles like Dream Catcher, Mega Wheel, and Crazy Time add interactive fun with big win potential, appealing to players seeking entertainment.

    High-definition streaming, professional dealers, and real-time chat create an immersive environment, making JACKBIT a top choice for live gaming fans in the best crypto casinos.

    4. Sportsbook

    JACKBIT’s sportsbook is a standout feature, offering:

    • 140+ sports, including football, basketball, tennis, cricket, and e-sports like Dota 2 and Counter-Strike.
    • 82,000+ live monthly events and 75,000+ pre-match events, ensuring constant betting opportunities.
    • 4,500+ betting types, from moneylines to prop bets, with competitive odds and live streaming for select events.

    The sportsbook’s depth and variety make it a go-to for sports betting enthusiasts, complementing JACKBIT’s casino offerings and reinforcing its status as a leader in the best new online casinos.

    5. Specialty Games

    JACKBIT also offers low-stakes, high-fun options for casual players:

    • Bingo: Over 20 titles, such as Shamrock Bingo and Burning Pearl Bingo, provide quick, entertaining gameplay.
    • Scratch Cards: Digital scratch games with instant-win mechanics, perfect for fast-paced fun.
    • Mini-Games: Crypto-friendly options like Aviator and Plinko, known for their simplicity and high RTPs, appeal to players seeking unique experiences.

    These specialty games add diversity to JACKBIT’s portfolio, catering to a wide audience in the best new online casinos.

    6. Virtual Sports

    JACKBIT’s virtual sports section includes simulated events like virtual football, horse racing, and greyhound racing. Powered by advanced algorithms, these games offer 24/7 betting opportunities with realistic graphics and quick results, making them a great addition for sports fans.

    This extensive game variety ensures JACKBIT remains a top choice among the best new online casinos, offering something for every player, from slot enthusiasts to sports bettors.

    Additional Gaming Features

    JACKBIT enhances its gaming experience with several unique features that elevate it among the best new online casinos:

    • Tournaments: Regular slot and table game tournaments offer cash prizes and free spins, adding a competitive edge for players seeking excitement.
    • Progressive Jackpots: Slots like Mega Moolah and Divine Fortune provide the chance for life-changing payouts, attracting high-stakes players.
    • Demo Mode: Many games offer free play, allowing players to test strategies or explore new titles without risking funds, a valuable feature for beginners.
    • Multi-Language Support: Games are available in multiple languages, including English, German, French, and Spanish, catering to a global audience and enhancing accessibility.

    These features make JACKBIT a dynamic and engaging platform, solidifying its reputation as a leader in the best crypto casinos. By offering competitive tournaments, massive jackpots, and flexible play options, JACKBIT ensures players have a rewarding and personalized experience.

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    Payment Options in JACKBIT

    JACKBIT’s payment system is designed for flexibility, speed, and security, making it a top pick among the best new online casinos. It supports both cryptocurrencies and fiat methods, catering to a diverse player base. Here’s a comprehensive overview:

    1. Cryptocurrencies

    JACKBIT accepts over 17 cryptocurrencies, ensuring fast, secure, and fee-free transactions:

    • Bitcoin (BTC): The most popular choice, offering instant deposits and withdrawals with full anonymity.
    • Ethereum (ETH): Known for quick processing and low transaction costs, ideal for frequent players.
    • Tether (USDT): A stablecoin that ensures value stability, perfect for consistent payouts.
    • Solana (SOL): Offers ultra-fast transactions and minimal fees, appealing to tech-savvy players.
    • Ripple (XRP): Provides rapid processing for seamless deposits and withdrawals.
    • Additional Cryptos: Includes Litecoin (LTC), Cardano (ADA), Dogecoin (DOGE), and more, providing ample options.

    Crypto transactions are processed instantly, with no fees, making JACKBIT a leader in the best crypto casinos for players seeking efficiency and privacy.

    2. Fiat Methods

    For players preferring traditional banking, JACKBIT offers:

    • Visa/MasterCard: Secure credit/debit card deposits are processed instantly, though withdrawals may take 1-3 days, depending on the provider.
    • Google Pay: A convenient option for mobile users, offering quick and secure deposits.
    • Apple Pay: Provides instant, secure deposits for iOS users, enhancing accessibility.
    • Bank Transfers: Reliable for larger transactions, though withdrawals may take 3-5 days and could incur minor fees.

    While JACKBIT doesn’t explicitly mention Pay ID casino support, its fiat options provide similar convenience for traditional banking users, ensuring accessibility for all players.

    Additional Notes

    • Minimum Deposits: Typically $10-$20 (or crypto equivalent), making JACKBIT accessible to players with varying budgets.
    • Withdrawal Limits: High limits, such as $10,000 weekly, cater to high rollers, with crypto withdrawals offering greater flexibility.
    • Security: SSL encryption and blockchain technology ensure safe transactions across all methods, aligning with the standards of the best new online casinos.

    JACKBIT’s diverse payment options, combined with its focus on speed and security, make it a top choice for players seeking a reliable and flexible gaming platform.

    Regulation of the Best Online Casinos

    Regulation is a cornerstone of trust in online gambling, and JACKBIT operates under a Curacao Gaming License, a common choice for crypto casinos due to its flexibility and global reach. This license ensures legal operation and regular audits for fairness, aligning with the standards of the best new online casinos. Key regulatory aspects include:

    • Licensing: The Curacao license guarantees compliance with international gaming standards, providing players with a safe and fair environment.
    • Data Protection: SSL encryption safeguards personal and financial data, ensuring secure transactions and privacy for all users.
    • Fair Play: Random Number Generators (RNGs) and provably fair games ensure unbiased outcomes, giving players confidence in the integrity of JACKBIT’s offerings.
    • Responsible Gambling: Tools like deposit limits, self-exclusion, and reality checks promote safe play, demonstrating JACKBIT’s commitment to player well-being.
    • Age Verification: JACKBIT enforces legal gambling age requirements (18 or 19, depending on jurisdiction), ensuring compliance with local regulations.

    While the Curacao license is reputable, some players may prefer casinos licensed by stricter authorities like the Malta Gaming Authority or UK Gambling Commission. However, JACKBIT’s no-KYC policy and robust security measures make it a trustworthy choice for those seeking an anonymous online casino. Its adherence to regulatory standards reinforces its position among the best crypto casinos.

    The Most Popular Payout Methods at JACKBIT

    JACKBIT’s payout methods are optimized for speed, convenience, and privacy, with cryptocurrencies leading the way due to their alignment with the platform’s no-KYC ethos. Here are the most popular options among players:

    • Bitcoin (BTC): The fastest and most widely used method, offering instant, fee-free withdrawals with complete anonymity, making it ideal for players in the best new online casinos.
    • Ethereum (ETH): Popular for its quick processing and low transaction costs, providing a seamless payout experience for frequent players.
    • Tether (USDT): A stablecoin that ensures consistent payout values, perfect for players seeking stability in their withdrawals.
    • Ripple (XRP): Known for ultra-fast transactions and minimal fees, offering a reliable option for quick payouts.
    • Visa/MasterCard: A dependable choice for fiat users, though withdrawals take 1-3 days and may incur minor fees, depending on the provider.

    Cryptocurrency payouts dominate due to their speed and privacy, aligning with JACKBIT’s status as a top anonymous online casino. Fiat options remain popular for players transitioning from traditional banking, offering flexibility similar to a Pay ID casino. JACKBIT’s focus on instant, secure payouts ensures players can access their winnings with ease, reinforcing its position among the best new online casinos.

    Responsible Gambling at JACKBIT

    JACKBIT prioritizes player well-being with a comprehensive suite of responsible gambling tools, ensuring a safe and enjoyable experience for all users. These features align with the standards of the best new online casinos and demonstrate JACKBIT’s commitment to promoting healthy gaming habits:

    • Deposit Limits: Players can set daily, weekly, or monthly caps on their deposits to manage spending and maintain control over their gaming budget.
    • Self-Exclusion: Options to temporarily or permanently suspend accounts allow players to take a break if needed, supporting long-term well-being.
    • Reality Checks: Periodic reminders of playtime and spending help players stay aware of their gaming activity, encouraging mindful play.
    • Support Resources: JACKBIT provides links to organizations like GamCare and Gambling Therapy, offering professional support for players seeking assistance.

    These tools empower players to game responsibly, ensuring JACKBIT remains a safe and trusted platform. By prioritizing player well-being, JACKBIT reinforces its reputation as a leader in the best crypto casinos, catering to a global audience with care and integrity.

    ✅JOIN NOW AND CLAIM YOUR SHARE OF MASSIVE REWARDS!

    Commonly Asked Questions

    1. Why is JACKBIT considered one of the best new online casinos?
      JACKBIT’s no-KYC policy, 7,000+ games, instant crypto payouts, and generous bonuses make it a top choice for 2025, offering a seamless and rewarding experience.
    2. What bonuses does JACKBIT offer?
      New players receive a 30% Rakeback and 100 free spins, plus weekly giveaways, VIP rewards, and Pragmatic Drops & Wins with a €2,000,000 prize pool.
    3. Which payment methods are most popular at JACKBIT?
      Bitcoin, Ethereum, Tether, and Visa/MasterCard are widely used for their speed, security, and reliability, making JACKBIT a strong Pay ID casino alternative.
    4. Is JACKBIT a brand-new online casino?
      Launched in 2022, JACKBIT is a relatively new online casino but has quickly gained prominence due to its innovative features and player-focused approach.
    5. Does JACKBIT support Pay ID casino options?
      While not explicitly mentioned, JACKBIT’s fiat options like Visa, Google Pay, and Apple Pay offer similar convenience for traditional banking users.

    EMAIL: support@jackbit.com

    Disclaimer and Affiliate Disclosure

    General Disclaimer

    This article is for informational and entertainment purposes only and does not constitute legal or financial advice. The content is based on research and user reviews, but no warranties are made. Players must verify all information before acting, as online gambling carries inherent risks. Ensure you meet your jurisdiction’s legal gambling age before participating.

    Casino and Gambling Disclaimer

    Online gambling involves risks and may not be suitable for everyone. Gambling laws vary by jurisdiction, and compliance is your responsibility. We do not promote gambling, and participation is at your own risk. JACKBIT is a third-party platform, and we are not liable for any losses or disputes arising from its use. Always gamble responsibly and seek professional advice if needed.

    Affiliate Disclosure

    This article may contain affiliate links, which earn us a commission at no additional cost to you for qualifying actions. These links help support our content creation. Our reviews remain unbiased, and we only recommend products and platforms we believe offer genuine value. Conduct your own research before signing up or making deposits to ensure JACKBIT meets your needs.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/4f15aa58-806e-4a39-80fd-fcdaa1a6ef34

    The MIL Network –

  • MIL-OSI USA: Kaine Statement on President Trump’s Threats to Use Military Force in Mexico and Greenland

    US Senate News:

    Source: United States Senator for Virginia Tim Kaine
    WASHINGTON, D.C. – Today, U.S. Senator Tim Kaine (D-VA), a member of the Senate Armed Services Committee and the lead Democrat on the Senate Foreign Relations Committee’s Western Hemisphere subcommittee, released the following statement regarding President Donald Trump’s statements threatening to use U.S. military force to violate Mexican sovereignty and invade a NATO ally:
    “Throughout my travels in Virginia, I’m hearing about the need to stabilize our economy and lower prices—not start new wars right across our southern border in Mexico, or with our NATO ally Denmark. Using U.S. military personnel in this manner would be a waste of taxpayer money and military resources at a time when we should be focusing on how to best counter real adversaries like China, Russia and Iran, and on serious law enforcement initiatives to tackle the threats posed by cartels.
    “The Constitution gives Congress the authority to declare wars and to authorize the use of military force; there is no authorization for military action within Mexican or Danish territory. Should Trump order unauthorized military action in Mexico or Greenland, I will immediately file legislation to force a vote to stop it. If we’re going to order our young men and women in uniform to risk their lives in conflict, we owe it to them to have a robust debate and vote.”
    For years, Kaine has been the leading voice in Congress raising concerns over Presidents’ efforts to expand the use of military force without congressional authorization. In September of 2017, Kaine wrote a piece in TIME warning of the consequences if Trump pulled out of the nuclear deal with Iran. In July of 2018, Kaine wrote a piece in The Atlantic warning that President Trump was blundering toward war with Iran. In 2020, Kaine’s bipartisan war powers resolution seeking to avoid a needless war with Iran passed both houses of Congress with bipartisan majorities. Kaine’s bipartisan legislation to repeal the 1991 and 2002 Authorizations of Military Force and formally end the Gulf and Iraq Wars was passed by the Senate in 2023.

    MIL OSI USA News –

  • MIL-OSI: Best Online Casinos UK: JACKBIT is Ranked the Most Trusted Online Casino of 2025

    Source: GlobeNewswire (MIL-OSI)

    LONDON, May 06, 2025 (GLOBE NEWSWIRE) — JACKBIT Casino is making a bold impact on the UK’s online casino scene for 2025, offering a distinctive mix of privacy, speed, and premium gameplay. Since its launch in 2022, it has become a top choice for UK players who value no KYC requirements, instant crypto withdrawals, and access to over 7,000 games. With a sleek, user-friendly interface and full cryptocurrency support, JACKBIT delivers a modern, secure, and rewarding experience for real-money casino enthusiasts.

    ✔️JOIN JACKBIT & ACCESS 7,000+ GAMES INSTANTLY (UK ONLY)

    JACKBIT Casino Features for UK Players

    JACKBIT ranks among the best online casinos UK for 2025, offering privacy-first gaming with no KYC requirements. Players enjoy access to 7,000+ games, including top online pokies, live dealer tables, and more, powered by 85+ leading providers.

    It supports 20+ cryptocurrencies like Bitcoin, Ethereum, and Solana, plus fiat options such as Visa, MasterCard, Apple Pay, and Google Pay. With instant withdrawals, zero fees, and 24/7 multilingual support, JACKBIT delivers secure, flexible, and seamless gaming, making it a top-rated choice for crypto and real money casino fans.

    Our Favorite Overall Casino in the UK

    JACKBIT stands out in the best Online Casinos UK for 2025, thanks to its blend of anonymity, fast payouts, and top-tier gaming. Licensed by Curacao eGaming, it’s a leading no KYC casino, ensuring privacy without sacrificing security.

    UK players can claim 30% rakeback and 100 wager-free spins, plus enjoy a VIP program offering up to 30% rakeback. With a sleek interface, a sportsbook covering 140+ sports, and flexible crypto + fiat payment options, JACKBIT delivers a seamless, private, and high-reward casino experience.

    ✔️GRAB 30% RAKEBACK + 100 WAGER-FREE SPINS – VIP PERKS AWAIT!

    Benefits of JACKBIT:

    • No KYC Policy: A true Anonymous Online Casino, ideal for privacy-conscious UK players.
    • Instant Withdrawals: Crypto payouts processed in minutes, a hallmark of best Crypto Casinos.
    • Vast Game Library: Over 7,000 titles, including best online pokies, table games, and live dealer options.
    • Flexible Payments: Supports 20+ cryptocurrencies and fiat methods like Apple Pay and Visa.
    • Generous Bonuses: 30% rakeback, 100 free spins, weekly $10,000 giveaways, and Pragmatic Drops & Wins (€2,000,000) in best Online Casinos UK.
    • Robust Sportsbook: Covers 140+ sports with 82,000+ monthly live events.
    • Multilingual Support: 24/7 live chat in English, German, French, and more.

    Negatives of JACKBIT:

    • No Dedicated Mobile App: Mobile play is browser-based, unlike some New Online Casinos.
    • Limited Fiat Withdrawal Options: Crypto-focused withdrawals may inconvenience fiat users.
    • Occasional Verification for Large Withdrawals: May delay big payouts, despite the best No KYC Casino status.
    • Restricted in Some Regions: UK players must confirm eligibility due to licensing nuances.

    How To Join JACKBIT Casino? Step By Step

    Joining JACKBIT, a leader in best online casinos UK, is quick and straightforward:

    1. Visit the Official Site: Navigate to JACKBIT’s website and click “Sign Up.”
    2. Register Anonymously: Provide an email and password—no personal details required, aligning with its Anonymous Online Casino ethos.
    3. Deposit Funds: Choose from 20+ cryptocurrencies (e.g., Bitcoin, Ethereum) or fiat options like Visa or Apple Pay. The minimum deposit for the welcome bonus is $50.
    4. Claim Your Bonus: 30% rakeback and 100 wager-free spins.
    5. Start Playing: Dive into 7,000+ games, from best online pokies to sports betting, in best Crypto Casinos.

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    How We Selected JACKBIT as the Best Online Casino in the UK

    Our rigorous evaluation process ensures JACKBIT ranks among the best online casinos in the UK. We assessed critical factors to identify the top crypto casinos for UK players:

    License and Security

    JACKBIT operates under a Curacao eGaming license, guaranteeing legitimacy and fair play. Advanced SSL encryption and a no KYC policy make it a secure best No KYC Casino, safeguarding UK players’ data and transactions in best online casinos UK.

    Bonuses and Promotions

    JACKBIT’s welcome offer, 30% rakeback, and 100 wager-free spins set a high standard in the best online casinos. Weekly $10,000 tournaments, Daily 1000 free spins, and Pragmatic Drops & Wins. The VIP rakeback system (up to 30%) and social media bonuses reward loyalty, making it a favorite in New Online Casinos.

    Casino Games

    Boasting over 7,000 games, JACKBIT offers unmatched variety, from slots and table games to live dealer options and a sportsbook with 140+ sports. This diversity appeals to all UK players in best Online Casinos UK.

    Casino Game Providers

    JACKBIT collaborates with 85 industry-leading providers, including Pragmatic Play, NetEnt, Evolution Gaming, Play’n GO, and Microgaming, ensuring top-quality online pokies and live games in best Crypto Casinos.

    Banking Methods

    JACKBIT supports 20+ cryptocurrencies (Bitcoin, Ethereum, Tether, Solana, etc.) and fiat options (Visa, MasterCard, Apple Pay, Google Pay, bank transfer) tailored for UK players. Instant crypto deposits and withdrawals position it as a leader in Pay ID Casino and best online casinos UK.

    Customer Support

    Available 24/7 via live chat in multiple languages (English, German, French, etc.), JACKBIT’s responsive support enhances its reputation as a top no KYC casino. Email support ([email protected]) ensures reliable assistance for UK players.

    How We Choose the Top-Rated Casino Sites in the UK

    To rank the best online casinos UK, we evaluate licensing, game variety, payment speed, bonuses, customer support, and user experience. JACKBIT excels with its Curacao license, 7,000+ games, instant crypto payouts, and no KYC policy, making it a premier anonymous online casino.

    Mobile compatibility, responsible gambling tools (self-exclusion, deposit limits), and player feedback from platforms like Trustpilot are also critical, cementing JACKBIT’s status in new online casinos and best crypto casinos in the UK.

    The Selection Process: Defining Excellence in Online Gaming

    Our selection process for the best online casinos UK is meticulous:

    • Gameplay Testing: We played slots, poker, live dealer games, and sports betting to assess quality, fairness, and RTP rates.
    • Payment Verification: Tested deposits and withdrawals for speed, reliability, and fees in Pay ID Casino options.
    • Bonus Evaluation: Analyzed wagering requirements, bonus terms, and overall value.
    • Security Checks: Confirmed licensing, encryption, and responsible gambling measures for best no KYC Casino standards.
    • Player Feedback: Reviewed Trustpilot and forum insights for real user experiences in best crypto casinos.

    JACKBIT’s instant payouts, vast game selection, and privacy-first approach made it the top choice for best online casinos UK.

    A Gaming Paradise: 8,000+ Ways to Play

    While JACKBIT’s library is closer to 7,000 games (not 8,000 as sometimes claimed), it remains a gaming paradise for UK players in best online casinos UK. From best online pokies to live dealer tables, digital scratch cards, and a comprehensive sportsbook, the platform caters to every taste. Its sportsbook, featuring 82,000+ monthly live events, 75,000+ pre-match events, 4,500+ betting types, and 140+ sports, adds unparalleled versatility, making JACKBIT a standout in best crypto casinos.

    Craps

    JACKBIT offers digital craps with provably fair outcomes, delivering fast-paced dice action. The intuitive interface and customizable betting options make it accessible for beginners and seasoned UK players in new online casinos.

    Live Dealer Games

    With over 250 live dealer games from Evolution Gaming, Pragmatic Play, and Ezugi, JACKBIT provides immersive experiences in blackjack, roulette, baccarat, and game shows like Dream Catcher and Crazy Time. High-definition streaming, multi-camera angles, and professional dealers make it a highlight of the best crypto casinos.

    Poker

    Poker fans enjoy variants like Casino Hold’em, Caribbean Stud, Three Card Poker, and Texas Hold’em, with daily tournaments offering cash prizes and leaderboards. JACKBIT’s poker offerings are a draw for strategic players in the best online casinos UK.

    Roulette

    From XXXtreme Lightning Roulette to classic European, American, and French variants, JACKBIT’s roulette selection is diverse, with high RTPs (up to 97.3%) and sleek graphics in the best No KYC casinos. Features like auto-play and bet history enhance the experience.

    Blackjack

    Blackjack enthusiasts explore numerous variants, including live dealer tables with side bets (Perfect Pairs, 21+3) and multi-hand options. High RTPs (up to 99.5%) and strategic depth make it a favorite in Anonymous Online Casino.

    Slots

    With over 5,000 slot titles, including progressive jackpots (Mega Moolah), Megaways (Bonanza), and classic fruit machines, JACKBIT’s best online pokies cater to all preferences. Popular titles like Tasty Bonanza, Rise of Olympus deliver thrilling gameplay with RTPs ranging from 95% to 98% in the best online casinos.

    Table Games

    Beyond poker, roulette, and blackjack, JACKBIT offers baccarat, sic bo, and hi-lo. These games feature RNG and live versions, with flexible betting limits (£0.10 to £5,000) to suit casual players and high rollers in the best online casinos UK.

    Digital Scratch Cards

    JACKBIT includes digital scratch card games, offering instant-win excitement with themes like treasure hunts and sports. High RTPs (up to 94%) and low stake best cryptos make them popular in new online Casinos.

    Mini-Games

    JACKBIT’s mini-games, such as Aviator, Plinko, and Mines, provide quick, crypto-friendly entertainment. Provably fair algorithms ensure transparency, appealing to UK players in best crypto casinos.

    Sportsbook

    JACKBIT’s sportsbook is a major draw, covering 140+ sports, including football, cricket, rugby, tennis, esports, and niche options like Gaelic hurling. With 82,000+ monthly live events, 75,000+ pre-match events, and 4,500+ betting types (e.g., over/under, handicaps), it offers competitive odds and in-play betting, making it a top feature in best online casinos UK.

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    Payment Options

    JACKBIT’s payment system is a cornerstone of its appeal in the best online casinos UK, offering a robust blend of cryptocurrency and fiat methods tailored for UK players. All transactions are fee-free, with instant crypto deposits and withdrawals, and fiat processing times are competitive.

    Cryptocurrencies (20+)

    JACKBIT supports an extensive range of cryptocurrencies, ensuring fast, secure, and private transactions for UK players:

    • Bitcoin (BTC): Minimum deposit $20, instant withdrawals, 1–5 minute processing.
    • Ethereum (ETH): Supports ERC-20 tokens, instant payouts, and low gas fees.
    • Tether (USDT): Stablecoin for low volatility, instant withdrawals.
    • Solana (SOL): High-speed transactions, minimal fees, 1–3 minute processing.
    • Ripple (XRP): Near-instant transfers, popular in Pay ID Casino.
    • Litecoin (LTC): A Fast alternative to Bitcoin, with low fees and instant payouts.
    • Binance Coin (BNB): Supports BEP-20 tokens, instant processing.
    • Cardano (ADA): Eco-friendly blockchain, quick withdrawals.
    • Dogecoin (DOGE): Fun and fast for small transactions, instant payouts.
    • USD Coin (USDC): Stablecoin with 1:1 USD peg, instant processing.
    • TRON (TRX): High throughput, low-cost transfers, 1–5 minutes.
    • Bitcoin Cash (BCH): Faster than Bitcoin, low fees, instant withdrawals.
    • Monero (XMR): Privacy-focused, ideal for an Anonymous Online Casino, instant payouts.
    • Chainlink (LINK): Supports DeFi integrations, quick processing.
    • Polygon (MATIC): Scalable Ethereum layer-2 solution, instant withdrawals.
    • Shiba Inu (SHIB): Meme coin with growing adoption, 1–5 minute processing.
    • Dai (DAI): Decentralized stablecoin, instant payouts.
    • Dash (DASH): Enhanced privacy and speed, instant withdrawals.
    • Stellar (XLM): Low-cost cross-border payments, 1–3 minute processing.
    • Cosmos (ATOM): Interoperable blockchain, quick withdrawals.

    Fiat Payment Methods

    JACKBIT accommodates UK players preferring traditional methods, with secure and reliable options:

    • Visa/MasterCard: Minimum deposit $20, instant deposits, withdrawals in 1–3 days.
    • Apple Pay: Secure mobile payments, instant deposits, withdrawals in 1–2 days.
    • Google Pay: Fast and convenient, instant deposits, withdrawals in 1–2 days.
    • Bank Transfer: Minimum $50, ideal for larger transactions, deposits in 1–3 days, withdrawals in 3–5 days.

    Additional Payment Notes

    • No Transaction Fees: JACKBIT charges zero fees for deposits or withdrawals, enhancing its appeal in the best crypto casinos.
    • Currency Conversion: Fiat deposits in GBP are supported, with automatic conversion for crypto wallets if needed.
    • Withdrawal Limits: Crypto withdrawals have no upper limit; fiat withdrawals cap at $10,000 per transaction for bank transfers. Large payouts may require verification, slightly delaying processing in best No KYC casino.
    • UK Availability: All listed payment methods are confirmed available for UK players, per JACKBIT’s terms and web research.

    These options ensure JACKBIT’s versatility in best online casinos UK, catering to both crypto enthusiasts and traditional payment users. UK players should verify eligibility for fiat withdrawals due to regional banking restrictions.

    Customer Support

    JACKBIT’s customer support is a pillar of its success in best online casinos UK. Available 24/7 via live chat in multiple languages (English, German, French, Spanish, Russian, etc.), the team resolves queries promptly, typically within 1–3 minutes. Email support ([email protected]) offers a reliable alternative for detailed inquiries, with responses within 12–24 hours. Social media channels (Twitter, Telegram) provide additional support and bonus updates, appealing to UK players in best crypto casinos.

    The Most Popular Payout Methods at Online New Zealand Casinos

    While the query mentions New Zealand, we focus on UK-relevant payout methods, as JACKBIT’s systems align globally with slight regional variations. The most popular payout methods for UK players in best online casinos UK include:

    • Bitcoin (BTC): Fastest option, processed in 1–5 minutes, no fees.
    • Tether (USDT): Stablecoin for predictable payouts, instant processing.
    • Solana (SOL): High-speed, low-cost withdrawals, 1–3 minutes.
    • Visa/MasterCard: Widely used for fiat withdrawals, 1–3 days, no fees.
    • Bank Transfer: Secure for large withdrawals, 3–5 days, ideal for high rollers.
    • Apple Pay: Growing in popularity for quick fiat payouts, 1–2 days.

    Crypto withdrawals dominate due to their speed and privacy, reinforcing JACKBIT’s status in Pay ID Casino and best crypto casinos. Fiat withdrawals are reliable but slower, with occasional verification for sums exceeding $5,000, aligning with best No KYC Casino practices.

    Additional JACKBIT Features for UK Players

    Rakeback VIP Club

    JACKBIT’s Rakeback VIP Club rewards UK players with bonus points based on their VIP level, redeemable for cash, free spins, or exclusive perks. Rakeback ranges from 10% to 30%, with higher tiers unlocking personalized offers, faster withdrawals, and dedicated account managers, making it a draw in best online casinos UK.

    Tournaments and Leaderboards

    JACKBIT hosts rewarding tournaments, including slots and live dealer challenges, with an attractive prize pool. Weekly leaderboards for sports betting and casino games offer cash prizes and free spins, enhancing engagement in best crypto casinos.

    Mobile Compatibility

    While lacking a dedicated app, JACKBIT’s mobile-optimized website delivers seamless gameplay on iOS and Android devices. UK players can access all 7,000+ games, manage payments, and contact support on the go, rivaling New Online Casinos with native apps.

    Responsible Gambling Tools

    JACKBIT supports responsible gambling with tools like deposit limits, self-exclusion, and session time alerts. Links to GamCare and BeGambleAware are provided for UK players, reinforcing their credibility in best online casinos UK.

    Multilingual Platform

    Available in English, German, French, Spanish, Russian, and more, JACKBIT’s platform caters to diverse UK players. The interface supports GBP currency display, ensuring a localized experience in best crypto casinos.

    JACKBIT Conclusion: The best Online Casino for UK Players

    JACKBIT Casino leads the best Online Casinos UK in 2025 with its no KYC policy, instant crypto withdrawals, and 7,000+ games. As a best No KYC Casino and anonymous online casino, it ensures privacy and security. With generous bonuses, 20+ cryptocurrencies, fiat options, and 24/7 support, JACKBIT offers UK players an unmatched gaming experience, from best online pokies to sports betting. Join now for thrilling, secure fun in best crypto casinos.

    ✔️CLICK HERE TO JOIN JACKBIT CASINO

    Frequently Asked Questions

    Does JACKBIT offer no KYC withdrawals?

    Yes, JACKBIT is a best No KYC Casino, allowing anonymous withdrawals. Large payouts (over $5,000) may require verification.

    How fast are withdrawals at JACKBIT?

    Crypto withdrawals are instant (1–5 minutes), while fiat withdrawals (Visa, bank transfer) take 1–5 days, a strength in the best crypto casinos.

    What games can I play at JACKBIT?

    JACKBIT offers 7,000+ games, including best online pokies, blackjack, roulette, poker, live dealer games, digital scratch cards, mini-games, and a sportsbook with 140+ sports.

    Email: support@JACKBIT.com

    Disclaimer

    General Disclaimer

    This content is for informational and entertainment purposes only. It does not constitute legal, financial, or professional advice. Information provided is based on public sources, research, and user feedback available at the time of writing. While we strive for accuracy, no guarantees, express or implied, are made regarding completeness or timeliness.

    Always verify details independently before making decisions. Use of this content is at your own risk.

    Casino & Gambling Disclaimer

    Online gambling involves financial risk and may not be suitable for everyone. Please ensure you meet the legal gambling age in your region before registering at any online casino. Laws vary by country and jurisdiction, and it’s your responsibility to stay compliant. We do not promote or encourage gambling, and participation is entirely at the user’s discretion.

    Affiliate Disclosure

    This article may include affiliate links. We may earn a commission if you sign up or make a purchase through them, at no extra cost to you. Our reviews are independent and unbiased. We only recommend platforms that we believe offer value, but we encourage users to do their research before engaging with any online casino.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/6dcee7c9-acff-4da4-9755-f9e074d09ee1

    The MIL Network –

  • MIL-OSI: WISeKey and OISTE.ORG Generate and Launch a Post-Quantum Cryptography Root Key to Defend Against Quantum Cyber Threats

    Source: GlobeNewswire (MIL-OSI)

    WISeKey and OISTE.ORG Generate and Launch a Post-Quantum Cryptography Root Key to Defend Against Quantum Cyber Threats

    Geneva, Switzerland, May 7, 2025 –WISeKey International Holding Ltd (“WISeKey”) (SIX: WIHN, NASDAQ: WKEY), a leading global cybersecurity, blockchain, and IoT company, in collaboration with the OISTE.ORG Foundation, today announced the rollout of the “Quantum Root Key,” a new Root of Trust using post-quantum cryptographic (PQC) algorithms, designed to protect digital identities, communications, and systems against the disruptive power of quantum computing. The “Quantum Root Key” has already been created and will be made widely available once Microsoft and other OS and Browsers adopt the new PQC Roots, marking a critical advancement in securing global digital infrastructures for the quantum age.

    Much of the sensitive data transmitted across the globe today relies on encryption to protect it from cybercriminals and unauthorized access. However, the rise of quantum computing, with its ability to perform complex mathematical operations such as factoring large prime numbers, threatens to upend the foundations of modern encryption. Common encryption schemes, once considered unbreakable, will become ineffective against quantum algorithms such as Shor’s. The solution cannot simply be to increase key lengths indefinitely; a new cryptographic paradigm is required.

    WISeKey and the OISTE.ORG Foundation have responded to this threat with the launch of “Quantum Root Key,” powered by NIST-standardized Post-Quantum Cryptography (PQC) algorithms such as ML-DSA (previously known as CRYSTALS-Dilithium), ML-KEM (CRYSTALS-Kyber), and FALCON. These algorithms are designed to resist quantum attacks and preserve long-term data confidentiality. The “Quantum Root Key” allows a new set of PQC trust services through WISeKey’s trusted Trust Services infrastructure and its Post-Quantum PKI (PQC-PKI) platform, which anchors cryptographic security within tamper-resistant environments such as Hardware Security Modules (HSMs), Trusted Platform Modules (TPMs), and secure microcontrollers.

    These new Post-Quantum Trust Services enable secure authentication, quantum-safe encryption, and long-term data integrity for critical systems and communications. It supports the issuance and lifecycle management of quantum-resistant digital certificates, protecting everything from financial transactions and patient medical data to government communications and IoT infrastructures. Sectors that depend on long-term confidentiality, such as defense, healthcare, finance, and telecommunications, will benefit immensely from this forward-looking technology. However, devices with limited processing power, such as those in the IoT ecosystem, may experience resource challenges when handling these larger certificates, an area where optimization remains a key focus.

    Post-Quantum Safe certificates issued by this platform maintain a structure similar to traditional Root and Intermediate Certificate Authority (ICA) certificates, including defined Key Usages, Certificate Revocation List (CRL) and Online Certificate Status Protocol (OCSP) endpoints. The critical distinction lies in their use of post-quantum key types, which require significantly larger key sizes and mathematical models to prevent exploitation by quantum adversaries.

    To accelerate real-world adoption, WISeKey’s semiconductor subsidiary SEALSQ Corp (NASDAQ: LAES) is also launching the SEALSQ Quantum Lab. This platform offers companies and researchers access to WISeKey’s PQC-PKI infrastructure for pilot projects, evaluation, and early-stage deployment of quantum-resistant certificates. The Quantum Lab is set to become a leading reference hub for organizations seeking to future-proof their digital security strategies.

    Carlos Moreira, Founder and CEO of WISeKey, stated, “Quantum computing is set to redefine cybersecurity. Our Quantum RootKey and new PQC-PKI ensure that digital identities and communications remain secure in the face of these changes. Our collaboration with the OISTE.ORG Foundation reinforces our mission to create a secure and privacy-centric digital world.”

    As the cybersecurity world prepares for the quantum era, the industry is not standing still. From quantum-safe algorithms and key generation to advanced encryption and certificate management, next-generation systems are already being deployed in the fight against tomorrow’s cyber threats. WISeKey and OISTE.ORG are leading the way by turning emerging cryptographic theory into practical, scalable solutions, ensuring that today’s data stays secure well into the future.

    About WISeKey

    WISeKey International Holding Ltd (“WISeKey”, SIX: WIHN; Nasdaq: WKEY) is a global leader in cybersecurity, digital identity, and IoT solutions platform. It operates as a Swiss-based holding company through several operational subsidiaries, each dedicated to specific aspects of its technology portfolio. The subsidiaries include (i) SEALSQ Corp (Nasdaq: LAES), which focuses on semiconductors, PKI, and post-quantum technology products, (ii) WISeKey SA which specializes in RoT and PKI solutions for secure authentication and identification in IoT, Blockchain, and AI, (iii) WISeSat AG which focuses on space technology for secure satellite communication, specifically for IoT applications, (iv) WISe.ART Corp which focuses on trusted blockchain NFTs and operates the WISe.ART marketplace for secure NFT transactions, and (v) SEALCOIN AG which focuses on decentralized physical internet with DePIN technology and house the development of the SEALCOIN platform.

    Each subsidiary contributes to WISeKey’s mission of securing the internet while focusing on their respective areas of research and expertise. Their technologies seamlessly integrate into the comprehensive WISeKey platform. WISeKey secures digital identity ecosystems for individuals and objects using Blockchain, AI, and IoT technologies. With over 1.6 billion microchips deployed across various IoT sectors, WISeKey plays a vital role in securing the Internet of Everything. The company’s semiconductors generate valuable Big Data that, when analyzed with AI, enable predictive equipment failure prevention. Trusted by the OISTE/WISeKey cryptographic Root of Trust, WISeKey provides secure authentication and identification for IoT, Blockchain, and AI applications. The WISeKey Root of Trust ensures the integrity of online transactions between objects and people. For more information on WISeKey’s strategic direction and its subsidiary companies, please visit www.wisekey.com.

    Disclaimer
    This communication expressly or implicitly contains certain forward-looking statements concerning WISeKey International Holding Ltd and its business. Such statements involve certain known and unknown risks, uncertainties and other factors, which could cause the actual results, financial condition, performance or achievements of WISeKey International Holding Ltd to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. WISeKey International Holding Ltd is providing this communication as of this date and does not undertake to update any forward-looking statements contained herein as a result of new information, future events or otherwise.

    This press release does not constitute an offer to sell, or a solicitation of an offer to buy, any securities, and it does not constitute an offering prospectus within the meaning of the Swiss Financial Services Act (“FinSA”), the FinSa’s predecessor legislation or advertising within the meaning of the FinSA. Investors must rely on their own evaluation of WISeKey and its securities, including the merits and risks involved. Nothing contained herein is, or shall be relied on as, a promise or representation as to the future performance of WISeKey.

    Press and Investor Contacts

    WISeKey International Holding Ltd
    Company Contact: Carlos Moreira
    Chairman & CEO
    Tel: +41 22 594 3000
    info@wisekey.com     		 WISeKey Investor Relations (US) 
    The Equity Group Inc.
    Lena Cati
    Tel: +1 212 836-9611
    lcati@equityny.com

    The MIL Network –

  • MIL-OSI: First quarter 2025 results: EUR 200 million net income in Q1 2025

    Source: GlobeNewswire (MIL-OSI)

    Press release
    07 May 2025 – N° 10

    First quarter 2025 results

     EUR 200 million net income in Q1 2025

    • Group net income of EUR 200 million in Q1 2025 driven by all business activities (EUR 195 million adjusted1)
      • P&C combined ratio of 85.0%, despite LA wildfires and buffer building
      • L&H insurance service result2 of EUR 118 million
      • Investments regular income yield of 3.5%
    • IFRS 17 Group Economic Value3 of EUR 9.0 billion as of 31 March 2025, up +6.8% at constant economics3,4 . The Economic Value per share stands at EUR 51 (vs. EUR 48 as of 31 December 2024)
    • Estimated Group solvency ratio of 212%5 as of 31 March 2025, up 2 points from FY 2024
    • Annualized Return on Equity of 18.7% (18.3% adjusted1) in Q1 2025

    SCOR SE’s Board of Directors met on 6 May 2025, under the chair of Fabrice Brégier, to approve the Group’s Q1 2025 financial statements.

    Thierry Léger, Chief Executive Officer of SCOR, comments: “I am satisfied with the first quarter results. All business activities contribute to a strong consolidated Group net income. The P&C performance continues to be excellent with a combined ratio of 85%, after absorbing elevated Nat Cat events during the quarter and allowing for an additional level of prudence building. L&H improves its insurance service results with a neutral experience variance. In Investments, SCOR benefits from an elevated return on invested assets. Overall, we are starting the year with a high ROE of 18.7% and an improved solvency ratio of 212%, supported by positive net operating capital generation.”

    Group performance and context

    SCOR records EUR 200 million net income (EUR 195 million adjusted1) in Q1 2025, supported by all business activities:

    • In P&C, the combined ratio of 85.0% in Q1 2025 is primarily driven by a low attritional loss and commission ratio of 74.7% reflecting an excellent underlying performance and allowing for buffer building. The natural catastrophe claims ratio stands at 12.5% mainly driven by losses related to the LA wildfires.
    • In L&H, the insurance service result2 stands at EUR 118 million in Q1 2025, driven by a level of CSM amortization and risk adjustment release in line with expectations, and a neutral experience variance.
    • In Investments, SCOR benefits from an elevated regular income yield of 3.5% in Q1 2025 along with continued attractive reinvestment rates.
    • The effective tax rate stands at 29.7% for Q1 2025.

    The annualized Return on Equity stands at 18.7% (18.3% adjusted1) in Q1 2025 and the Group Economic Value increases by 6.8% at constant economics3,4.

    SCOR’s Solvency ratio is estimated at 212% at the end of Q1 2025, up 2 points versus FY 2024, from positive net operating capital generation.

    April P&C reinsurance treaty renewals

    During the April 2025 renewals, SCOR continues to grow strategically in its preferred lines, maintaining its underwriting discipline in a softening market context.

    EGPI increases by +1.5% on the business up for renewal in April, with significant growth of the Alternative Solutions book (EGPI +33.0%) while Specialty Lines increase by +3.8%, driven by Marine. Exposure to US Casualty is further reduced. As a reminder, premiums renewed in April represent
    c. 12% of total P&C reinsurance premiums.

    In a more competitive environment for the April renewals, net technical profitability on the renewed business is expected to deteriorate by 1 point. On a year-to-date basis, the net technical profitability is expected to deteriorate by less than 0.5 point. SCOR is successfully weathering a softening market thanks to its strategy of growing in a profitable and diversified way.

    For the upcoming renewals in 2025, SCOR expects pricing to be competitive on loss-free programs. Nevertheless, the overall profitability of SCOR’s business mix should remain very attractive.

    On-going excellent P&C underlying performance

    In Q1 2025, P&C insurance revenue stands at EUR 1,858 million, down -0.7% at constant exchange rates (up +1.2% at current exchange rates) compared to Q1 2024. Strong growth in the Reinsurance segment from preferred lines is mostly offset by reduced business in US Casualty reinsurance and in SCOR Business Solutions.

    New business CSM in Q1 2025 stands at EUR 710 million, up +9.0% at current exchange rates, supported by growth stemming from business renewed in January.

    P&C (re)insurance key figures:

    In EUR million

    (at current exchange rates)

    		 Q1 2025 Q1 2024 Variation
    P&C insurance revenue 1,858 1,837 1.2%
    P&C insurance service result 205 181 13.3%
    Combined ratio 85.0% 87.1% -2.1pts
    P&C new business CSM 710 651 9.0%

    The P&C combined ratio stands at 85.0% in Q1 2025, compared to 87.1% in Q1 2024. It includes:

    • A Nat Cat ratio of 12.5%, mainly impacted by the losses related to the LA wildfires (10.8 pts).
    • An attritional loss and commission ratio of 74.7%, reflecting a very satisfactory underlying performance and continued buffer building.
    • A discount effect of -9.3%, reflecting the higher locked-in rates relating to a large share of US claims including the LA wildfire losses.
    • An attributable expense ratio of 7.8%.

    The P&C insurance service result of EUR 205 million is driven by a CSM amortization of
    EUR 255 million, a risk adjustment release of EUR 40 million, a negative experience variance of
    EUR -95 million, and an onerous contract impact of EUR 6 million. The negative experience variance reflects mainly higher-than-expected Nat Cat experience, lower-than-expected insurance revenue and buffer building.

    Delivering a L&H insurance service result of EUR 118 million

    In Q1 2025, L&H insurance revenue stands at EUR 2,205 million, down -5.8% at constant exchange rates (-3.1% at current exchange rates) compared to Q1 2024. L&H New Business CSM6 generation of EUR 76 million in Q1 reflects the updated L&H new business strategy and the implementation of higher return thresholds.

    The L&H insurance service result2 amounts to EUR 118 million in Q1 2025. It includes:

    • A CSM amortization of EUR 86 million.
    • A Risk Adjustment release of EUR 32 million.
    • An experience variance of EUR 2 million, including a neutral experience variance in the US.
    • A negative impact of onerous contracts of EUR -6 million.

    L&H reinsurance key figures:

    In EUR million

    (at current exchange rates)

    		 Q1 2025 Q1 2024 Variation
    L&H insurance revenue 2,205 2,276 -3.1%
    L&H insurance service result2 118 72 64.9%
    L&H new business CSM7 76 112 -32.5%

    Investments delivering a return on invested assets of 3.8% 

    As of 31 March 2025, total invested assets amount to EUR 24.3 billion. SCOR’s asset mix is optimized, with 79% of the portfolio invested in fixed income. SCOR has a high-quality fixed income portfolio with an average rating of A+, and a duration of 3.9 years.

    Investments key figures:

    In EUR million

    (at current exchange rates)

    		 Q1 2025 Q1 2024 Variation
    Total invested assets 24,330 22,962 6.0%
    Regular income yield(*) 3.5% 3.5% 0.0pt
    Return on invested assets(*),(**) 3.8% 3.4% 0.4pts

    (*) Annualized;
    (**) Fair value through income on invested assets excludes EUR 7 million in Q1 2025 related to the pre-tax mark to market impact of the fair value of the option on own shares granted to SCOR.

    Total investment income on invested assets stands at EUR 2267 million in Q1 2025. The return on invested assets stands at 3.8%7 (vs. 3.3% in Q4 2024) and the regular income yield at 3.5% (vs. 3.6% in Q4 2024).

    The reinvestment rate stands at 4.3%8 as of 31 March 2025, compared to 4.5% as of 31 December 2024. The invested assets portfolio remains highly liquid and financial cash flows of EUR 9.0 billion are expected over the next 24 months9, enabling SCOR to benefit from elevated reinvestment rates.

    *

    *        *

    APPENDIX

    1 – SCOR Group Q1 2025 key financial details

    In EUR million

    (at current exchange rates)

    		 Q1 2025 Q1 2024 Variation
    Insurance revenue 4,063 4,113 -1.2%
    Gross written premiums1 4,908 4,953 -0.9%
    Insurance Service Result2 324 253 +27.9%
    Management expenses -301 -294 -2.4%
    Annualized ROE3 18.7% 17.3% +1.4pts
    Annualized ROE excluding the mark to market impact of the option on own shares 18.3% 15.5% +2.8pts
    Net income3,4 200 196 +1.7%
    Net income4 excluding the mark to market impact of the option on own shares 195 176 +10.5%
    Economic value5,6 9,035 9,639 -6.3%
    Shareholders’ equity 4,582 4,958 -7.6%
    Contractual Service Margin (CSM)6 4,453 4,681 -4.9%

    1: GWP is not a metric defined under the IFRS 17 accounting framework (non-GAAP metric);
    2: Including revenues on financial contracts reported under IFRS 9;
    3: Taking into account the mark to market impact of the option on own shares. Q1 2025 impact of EUR 7 million before tax;
    4: Consolidated net income, Group share;
    5. Defined as the sum of the shareholders’ equity and the Contractual Service Margin (CSM);
    6: Net of tax. A notional tax rate of 25% is applied to the CSM.

    2 – P&L key figures Q1 2025

    In EUR million

    (at current exchange rates)

    		 Q1 2025 Q1 2024 Variation
    Insurance revenue 4,063 4,113 -1.2%
    • P&C insurance revenue
    		 1,858 1,837 +1.2%
    • L&H insurance revenue
    		 2,205 2,276 -3.1%
    Gross written premiums1 4,908 4,953 -0.9%
    • P&C gross written premiums
    		 2,509 2,427 +3.4%
    • L&H gross written premiums
    		 2,399 2,526 -5.0%
    Investment income on invested assets 226 193 +17.3%
    Operating results 317 287 +10.6%
    Net income2,3 200 196 +1.7%
    Net income2excluding the mark to market impact of the option on own shares 195 176 +10.5%
    Earnings per share3(EUR) 1.12 1.10 +1.8%
    Earnings per share (EUR) excluding the mark to market impact of the option on own shares 1.09 0.98 +10.7%
    Operating cash flow 150 151 -0.7%

    1: GWP is not a metric defined under the IFRS 17 accounting framework (non-GAAP metric);
    2: Consolidated net income, Group share;
    3: Taking into account the mark to market impact of the option on own shares. Q1 2025 impact of EUR 7 million before tax.

    3 – P&L key ratios Q1 2025

      Q1 2025 Q1 2024 Variation
    Return on invested assets1,2 3.8% 3.4% +0.4pts
    P&C combined ratio3 85.0% 87.1% -2.1pts
    Annualized ROE4 18.7% 17.3% +1.4pts
    Annualized ROE excluding the mark to market impact of the option on own shares 18.3% 15.5% +2.8pts
    Economic Value growth5 6.8% 4.1% +2.7pts

    1: Annualized;
    2: In Q1 2025, fair value through income on invested assets excludes EUR 7 million pre-tax mark to market impact of the fair value of the option on own shares granted to SCOR;
    3: The combined ratio is the sum of the total claims, the total variables commissions, and the P&C attributable management expenses, divided by the net insurance revenue for P&C business;
    4: Taking into account the mark to market impact of the option on own shares. Q1 2025 impact of EUR 7 million before tax;
    5: Not annualized. Growth at constant economic assumptions and excluding the mark to market impact of the option on own shares. The starting point is adjusted for the dividend of EUR 1.8 per share (EUR 322 million in total) for the fiscal year 2024, paid on 6 May 2025. Economic Value defined as the sum of the shareholders’ equity and the Contractual Service Margin (CSM), net of tax. A notional tax rate of 25% is applied to the CSM.

    4 – Balance sheet key figures as of 31 March 2025

    In EUR million
    (at current exchange rates)    		 As of
    31 March 2025    		 As of
    31 December 2024    		 Variation
    Total invested assets1 24,330 24,155 +0.7%
    Shareholders’ equity 4,582 4,524 +1.3%
    Book value per share (EUR) 25.63 25.22 +1.6%
    Economic Value2 9,035 8,615 +4.9%
    Economic Value per share (EUR)3 50.53 48.03 +5.2%
    Financial leverage ratio4 23.6% 24.5% -0.9pts
    Total liquidity5 2,210 2,466 -10.4%

    1: Excluding third-party net insurance business investments;
    2: The Economic Value (defined as the sum of the shareholders’ equity and the Contractual Service Margin (CSM), net of tax) includes minority interests;
    3: The Economic Value per share excludes minority interests;
    4: The leverage ratio is calculated as the percentage of subordinated debt compared to the sum of Economic Value and subordinated debt in IFRS 17;
    5: Including cash and cash equivalents and short-term investments.

    *

    *       *

    SCOR, a leading global reinsurer

    As a leading global reinsurer, SCOR offers its clients a diversified and innovative range of reinsurance and insurance solutions and services to control and manage risk. Applying “The Art & Science of Risk”, SCOR uses its industry-recognized expertise and cutting-edge financial solutions to serve its clients and contribute to the welfare and resilience of society.

    The Group generated premiums of EUR 20.1 billion in 2024 and serves clients in more than 150 countries from its 37 offices worldwide.

    For more information, visit: www.scor.com

    		 Media Relations
    Alexandre Garcia
    media@scor.com

    Investor Relations
    Thomas Fossard
    InvestorRelations@scor.com

    Follow us on LinkedIn
     

    All content published by the SCOR group since January 1, 2024, is certified with Wiztrust. You can check the authenticity of this content at wiztrust.com.
       

    General

    Numbers presented throughout this press release may not add up precisely to the totals in the tables and text. Percentages and percent changes are calculated on complete figures (including decimals); therefore, this press release might contain immaterial differences in sums and percentages due to rounding. Unless otherwise specified, the sources for the business ranking and market positions are internal.

    This press release does not constitute an offer to sell, or a solicitation of an offer to buy SCOR securities in any jurisdiction.

    Forward-looking statements

    This press release includes forward-looking statements, assumptions, and information about SCOR’s financial condition, results, business, strategy, plans and objectives, including in relation to SCOR’s current or future projects.

    These statements are sometimes identified by the use of the future tense or conditional mode, or terms such as “estimate”, “believe”, “anticipate”, “expect”, “have the objective”, “intend to”, “plan”, “result in”, “should”, and other similar expressions.

    It should be noted that the achievement of these objectives, forward-looking statements, assumptions and information is dependent on circumstances and facts that may or may not arise in the future.

    No guarantee can be given regarding the achievement of these forward-looking statements, assumptions and information. These forward-looking statements, assumptions and information are not guarantees of future performance. Forward-looking statements, assumptions and information (including on objectives) may be impacted by known or unknown risks, identified or unidentified uncertainties and other factors that may significantly alter the future results, performance and accomplishments planned or expected by SCOR.

    In particular, it should be noted that the full impact of economic, financial and geopolitical risks on SCOR’s business and results cannot be accurately assessed.

    Therefore, any assessments, any assumptions and, more generally, any figures presented in this press release will necessarily be estimates based on evolving analyses, and encompass a wide range of theoretical hypotheses, which are highly evolutive.

    Information regarding risks and uncertainties that may affect SCOR’s business is set forth in the 2024 Universal Registration Document filed on March 20, 2025, under number n°D.25-0124 with the French Autorité des marchés financiers (AMF) posted on SCOR’s website www.scor.com and on the website of the AMF www.amf-france.org.

    In addition, such forward-looking statements, assumptions and information are not “profit forecasts” within the meaning of Article 1 of Commission Delegated Regulation (EU) 2019/980.

    SCOR has no intention and does not undertake to complete, update, revise or change these forward-looking statements, assumptions and information, whether as a result of new information, future events or otherwise.

    Financial information

    The Group’s financial information contained in this press release is prepared on the basis of IFRS and interpretations issued and approved by the European Union.

    Unless otherwise specified, prior-year balance sheet, income statement items and ratios have not been reclassified.

    The calculation of financial ratios (such as return on invested assets, regular income yield, return on equity and combined ratio) is detailed in the Appendices of the presentation related to the financial results of Q1 2025. The financial results for the first quarter 2025 included in this press release have not been audited by SCOR’s statutory auditors. Unless otherwise specified, all figures are presented in Euros.

    Any figures or financial results for a period subsequent to March 31, 2025 should not be taken as a forecast of the expected financials for these periods

    1 Adjusted by excluding the mark to market impact of the option on own shares.
    2 Includes revenues on financial contracts reported under IFRS 9.

    3 Defined as the sum of the shareholders’ equity and the Contractual Service Margin (CSM), net of tax. 25% notional tax rate applied on CSM.
    4 Growth at constant economic assumptions as of 31 December 2024, excluding the mark to market impact of the option on own shares.

    5 Solvency ratio estimated after taking into account the accrual for the first three months based on the dividend paid for the fiscal year 2024 (EUR 1.8 per share).
    6 Includes the CSM on new treaties and change in CSM on existing treaties due to new business (i.e. new business on existing contracts).
    7 Excluding the mark to market impact of the option on own shares. Q1 2025 impact of EUR 7 million before tax.

    8 Reinvestment rate is based on Q1 2025 asset allocation of yielding asset classes (i.e. fixed income, loans and real estate), according to current reinvestment duration assumptions. Yield curves & spreads as of 31/03/2025.
    9 As of 31 March 2025. Including current cash balances and future coupons and redemptions.

    Attachment

    The MIL Network –

  • MIL-OSI: Sampo Group’s results for January-March 2025

    Source: GlobeNewswire (MIL-OSI)

    Sampo plc, interim statement, 7 May 2025 at 8:30 am EEST

    Sampo Group’s results for January-March 2025

    • Top-line growth stood at 9 per cent on a currency adjusted basis on the back of continued strong development in target growth areas within the private operations in the Nordics and the UK.
    • Underwriting margins benefited from a benign winter and large claims, and a continued positive underlying trend in the Nordics, leading the combined ratio to improve to 84.6 per cent.
    • The underwriting result increased by 30 per cent on a currency adjusted basis to EUR 336 million as a result of the strong growth and improvement in margins.
    • Operating EPS strengthened by 9 per cent to EUR 0.11, as the strong underwriting result more than offset softer investment returns and an increase in the share count.
    • Following a detailed assessment, estimated synergies from the Topdanmark integration have been raised to EUR 140 million in 2028 from EUR 95 million (pre-tax) on higher expected cost benefits.
    • After the strong first quarter performance, the outlook for 2025 underwriting result has been increased to EUR 1,400–1,500 million from EUR 1,350–1,450 million.
    • Solvency II coverage increased to 180 per cent from 177 per cent at year end, and financial leverage amounted to 25.8 per cent.

    “The first quarter of 2025 has provided a strong start to the year, underpinned by robust growth, disciplined pricing, and continued high retention from satisfied customers. We are confident in our ability to build on this positive momentum throughout the year and remain an attractive asset for shareholders who value stability and operational excellence”, says Torbjörn Magnusson, Sampo Group CEO.

    Key figures

    EURm 1–3/2025 1–3/2024 Change, %
    Gross written premiums 3,616 3,297 10
    Insurance revenue, net 2,188 2,020 8
    Underwriting result 336 260 29
    Net financial result 101 265 -62
    Profit before taxes 377 465 -19
    Net profit 285 343 -17
    Operating result 297 253 17
    Earnings per share (EUR) 0.11 0.14 -22
    Operating EPS (EUR) 0.11 0.10 9
           
      1–3/2025 1–3/2024 Change
    Risk ratio, % 58.9 62.4 -3.5
    Cost ratio, % 25.7 24.7 1.0
    Combined ratio, % 84.6 87.1 -2.5
    Solvency II ratio (incl. dividend accrual), % 180 180 –


    Gross written premiums and insurance revenue include broker revenues. Net profit for the comparison period refers to Net profit for the equity holders. Per share figures for the comparison period are adjusted for the share split in February 2025. The figures in this report have not been audited.

    GROUP CEO’S COMMENT

    Sampo delivered an excellent first quarter with growth of 9 per cent in the top-line and 30 per cent in underwriting profits on a currency adjusted basis, as we continued to capitalise on our strong positioning and rational markets conditions. We remain confident in the outlook for the year and have increased the estimated synergies from the integration of Topdanmark significantly.

    As a northern European P&C insurer, the first quarter is typically the reporting period most influenced by weather. This year, Norway saw a fairly cold and snowy winter with some flooding and storms, while conditions in the other Nordic countries and the UK were more benign. However, underlying margin development also remained good and in line with recent trend with a 20 basis point improvement in the Nordic underlying risk ratio.

    In the Private Nordic business, we kept our normal focus on customer value and on setting the right prices. Retention levels continued to increase slightly, and the combined ratio came down to 83.8 per cent, a very strong start of the year. We continued to observe a gradual but persistent movement of customers toward our digital tools with digital sales increasing by 20 per cent year on year. In Private UK, we negotiated with a competitive but rational market by finding pockets of attractively priced business in home, van, and bike insurance as well as in telematics. The latter has been transformed by new technology recently, enabling more accurate driving data to be collected and interpreted at a lower cost. With normal weather, we produced a combined ratio of 88.7 per cent.

    This solid development in the private business drove a 9 per cent top-line increase at group level, continuing the strong growth momentum from recent years with growth of 12 and 11 per cent in 2024 and 2023, respectively. Now and then, there are regulatory reviews of various aspects of our business. We always strive to achieve good long-term relationships with our customers, where high retentions, stability, customer satisfaction, and fair claims settlements are key. This has even meant that we have gained advantages from some previous regulatory reforms, like GIPP in the UK, and a focus on these aspects of stability for our customers is as important as sales.

    For modern P&C insurers, efficiency gains are primarily achieved through investments in digitalisation and technology, and the corresponding processes. With this in mind, the acquisition of Topdanmark enables us to supercharge our performance in Denmark. Since completing the deal in October last year, we have re-assessed the synergy potential available, now with full insight into the business, and increased our synergy estimate to EUR 140 million pre-tax in 2028, from the original EUR 95 million. All of the increase comes from cost synergies. The majority will derive from IT transformation, as we plan to overhaul our Danish operations with new, state-of-the-art core systems and applications, to the benefit of both customers and shareholders.

    Conditions in the Nordic and UK P&C insurance markets in which we operate have remained very healthy with rational competition. Demand for P&C insurance products has been stable as it tends to be through the economic cycle, particularly in our resilient Northern European economies and our balance sheet continues to be in excellent shape. Although no company is an island, I feel that we are as well positioned as one can be to weather the potential effects from the recent increase in political and economic uncertainty. Indeed, given our strong cash flow profile and solid balance sheet, capital returns remain a central discussion point with our investors. Sampo has a strong track-record of attractive shareholder returns that we intend to stay true to. As mentioned with our full-year 2024 results, we expect to launch a share buyback programme in 2025 and we will give an update on this no later than with our second quarter 2025 results, which will be roughly 12 months after the launch of our last programme. In the interim, I hope to gain additional clarity on potential holding company asset disposals.

    To conclude, the first quarter of 2025 has provided a strong start to the year, underpinned by robust growth, disciplined pricing, and continued high retention from satisfied customers. We are confident in our ability to build on this positive momentum throughout the year and remain an attractive asset for shareholders that value stability and operational excellence.

    Torbjörn Magnusson
    Group CEO

    OUTLOOK

    Operating environment and assumptions

    The operating environment in the markets in which Sampo operates remains broadly unchanged from the start of 2025, both in terms of competitive and claims cost development dynamics. The first quarter saw better than expected weather and large claims below budget but these do not change Sampo’s forward view of claims cost development.

    Outlook for 2025

    Following a favourable outcome on weather claims relative to normal levels, and, to a lesser degree, benign large claims and increased Topdanmark synergies, Sampo has decided to adjust its 2025 financial outlook to:

    • Group insurance revenue: EUR 8.8–9.1 billion (from EUR 8.7–9.0 billion), representing growth of 5–9 per cent year-on-year.
    • Group underwriting result: EUR 1,400–1,500 million (from EUR 1,350–1,450 million), representing growth of 6–14 per cent year-on-year.

    Any forecast of Sampo’s underwriting result is subject to estimates for weather claims, large claims, prior year development, and certain other items that may vary periodically and are out of Sampo’s control, meaning regular updates of the forecast are needed to reflect actual outcomes. Moderate deviations against normal and budget levels are typical on a quarterly basis and Sampo intends to broadly reflect these in the outlook statement in its quarterly reports. In addition to the underwriting result, Sampo derives a material share of its earnings from returns on its investment portfolio and insurance finance income and expense, meaning changes in the outlook cannot be assumed to translate one-for-one into net profit. Sampo does not provide an outlook for its net financial result.

    The outlook for 2025 is consistent with Sampo’s 2024–2026 financial targets of delivering a combined ratio below 85 per cent annually and operating EPS growth of more than 7 per cent annually on average.

    The outlook is subject to uncertainty related to occurrence and estimation of the cost of P&C claims, foreign exchange rates, and competitive dynamics. Revenue forecasts, in particular, are subject to competitive conditions, which may change rapidly in some areas, such as the UK motor insurance market. The revenue and underwriting profit figures in the outlook are based on currency exchange rates as of the latest reporting date.

    SAMPO PLC
    Board of Directors

    The Interim Statement for January-March 2025 in its entirety, the Investor Presentation and a video review with Group CEO Torbjörn Magnusson are available at www.sampo.com/result.

    A conference call for investors and analysts will be arranged today 7 May at 11:30 am Finnish time (9:30 am UK time). To ask questions, please join the teleconference by registering using the following link:  https://palvelu.flik.fi/teleconference/?id=50051475

    The conference call can also be followed live at www.sampo.com/result. A recorded version and a transcript will later be available at the same address.

    For more information, please contact

    Knut Arne Alsaker, Group CFO, tel. +358 10 516 0010
    Sami Taipalus, Head of Investor Relations, tel. +358 10 516 0030
    Maria Silander, Communications Manager, Media Relations, tel. +358 10 516 0031

    Distribution:
    Nasdaq Helsinki
    Nasdaq Stockholm
    Nasdaq Copenhagen
    London Stock Exchange
    FIN-FSA
    The principal media
    www.sampo.com

    Attachment

    The MIL Network –

  • MIL-OSI: Interim Financial Report, Q1 2025

    Source: GlobeNewswire (MIL-OSI)

    • Earnings per share DKK 19.4 (Q1 2024: DKK 19.0)
    • Core income DKK 3,229m (Q1 2024: DKK 3,430m)
    • Core expenses DKK 1,533m (Q1 2024: DKK 1,557m)
    • Loan impairment charges: DKK 66m (Q1 2024: DKK 82m)
    • Post-model adjustments relating to loan impairment charges was up to DKK 1,869m (end of 2024: DKK 1,782m).
    • Capital ratio at 20.9%, of which common equity tier 1 capital ratio of 15.7% (Q1 2024: 22.0% and 16.6%, respectively)

    Summary

    ”Jyske Bank has got off to a good start to the year with continued progress. In addition, we have boosted customer satisfaction, among personal as well as corporate customers, over the past year. We are in a strong financial position and well-equipped to support our customers,” says Lars Mørch, CEO and Member of the Group Executive Board.

    In Q1 2025, earnings per share rose by 2% compared with the year before despite the impact from considerably lower short-term interest rates. The business volumes showed sustained increase with increased momentum in the personal customer area.

    The Danish economy continues to show high employment and a slightly increasing level of activity. The future development of the economy is affected by higher geopolitical uncertainty and the ongoing trade war.

    Strategic progress
    Jyske Bank’s strategy builds on the Group’s strengths and aims to pave the way for a strong future market position. The strategy involves tight operations combined with higher investments in selected customer segments and ensuring a solid, secure and attractive platform.

    We have clear-cut targets for stronger customer focus, and it is our ambition to help customers in their sustainable transition and to use digitisation proactively to the benefit of customers and to raise efficiency in the Group.

    In the first quarter of 2025, we further enhanced the customer experience by making all relevant information about meetings with Jyske Bank available at the online and mobile banking platforms.  We introduced AI assistants and made artificial intelligence accessible to all employees.

    Corporate customers have also gained new opportunities at online banking through modules for financial and risk management, which can help them make informed decisions and effectively manage their risks. We also held business-oriented webinars focusing on the future of construction and climate accounts.

    Rising customer satisfaction
    Jyske Bank’s customer satisfaction surged over the past twelve months. Personal customer satisfaction shows one of the largest increases among Danish banks and is higher than that of comparable financial institutions. Jyske Bank has the most satisfied private banking customers in the country, and in addition, satisfaction among corporate customers is on the rise. This is the result of targeted efforts where we have to an even higher extent held meetings with our customers.

    New Executive Board member
    After nearly 38 years with Jyske Bank – of these almost 16 years on the Group Executive Board, Niels Erik Jakobsen, Head of Personal Banking and Wealth Management and Member of the Group Executive Board, has as previously announced decided to retire on 1 June 2025.

    At the same date, Ingjerd Blekeli Spiten will take office as Head of Personal Banking and Wealth Management and new member of the Group Executive Board. Ingjerd Blekeli Spiten was during the period 2018-2024 Group Executive Director of Retail Banking at DNB (Norway). Previously, she held leadership positions with responsibility for sales, development, and implementation at DNB and companies such as Ericsson, Microsoft and Telenor. 

    DKK 19.4 per share in Q1 2025
    Jyske Bank’s earnings per share were up by 2% to DKK 19.4, supported by a positive development in activity and fewer shares in circulation.

    Core income declined by 6% due to lower net interest income after Danmarks Nationalbank’s policy rate decreased to an average of 2.36% for the first quarter of 2025 from 3.60% a year before. Net fee and commission income, on the other hand, showed a continued positive development with an increase of 20%, driven by rising assets under management and customers’ adoption of our investment products.

    Core expenses decreased by 2%, driven by fewer employees and lower contributions to the Resolution Fund, partially offset by contractual wage increases of 3.7% and inflation. Additionally, the effect of DKK 22m lower non-recurring items relating to the acquisitions of Handelsbanken Danmark and PFA Bank after completed integration processes.

    Loan impairment charges remained at a low level of DKK 66m against DKK 82m in the preceding year. The continued low level includes the effect of an increase in management’s estimates regarding impairments by DKK 87m to DKK 1.9bn, in order to address the effects from higher macroeconomic uncertainty.

    The capital base remains solid after the implementation of Basel IV. The common equity tier 1 capital ratio was 15.7% at the end of the first quarter of 2025, with a total capital ratio of 20.9% in line with the targeted intervals.

    Webcast and conference call
    Jyske Bank will host a conference call in English targeting investors and analysts today at 12:00 p.m. CET (link). Conference call and presentation will be available via www.jyskebank.dk/ir.

    Yours faithfully,
    Jyske Bank

    Contact:
    Lars Mørch, CEO and Member of the Executive Board, tel. +45 89 89 20 01
    Birger Krøgh Nielsen, CFO, tel. +45 89 89 64 44

    Attachments

    The MIL Network –

  • MIL-OSI: OP Financial Group’s Interim Report for 1 January–31 March 2025: OP Financial Group reports a good first quarter in an uncertain operating environment

    Source: GlobeNewswire (MIL-OSI)

    OP Financial Group
    Interim Report 1 January–31 March 2025
    Stock Exchange Release 7 May 2025 9.00 am EEST

    OP Financial Group’s Interim Report for 1 January–31 March 2025: OP Financial Group reports a good first quarter in an uncertain operating environment

    • Operating profit decreased by 31% to EUR 423 million (618).
    • Net interest income decreased by 11% to EUR 631 million (709). Insurance service result was EUR 2 million (-10) and net commissions and fees were EUR 206 million (205). Income from customer business, that is, net interest income, insurance service result and net commissions and fees, decreased by a total of 7% to EUR 839 million (904).
    • Impairment loss on receivables reversed came to EUR 24 million (-39), representing -0.10% of the loan and guarantee portfolio (0.15).
    • Investment income decreased by 88% to EUR 19 million (151).
    • Total expenses grew by 10% to EUR 590 million (537). The cost/income ratio weakened to 60% (45).
    • In the year to March, the loan portfolio grew by 1% to EUR 99.1 billion (98.4). Deposits increased by 5% to EUR 77.5 billion (73.6).
    • The CET1 ratio was 20.0% (21.5), which exceeds the minimum regulatory requirement by 6.9 percentage points. The changes in the collateral management process decreased capital adequacy. The changes in the EU Capital Requirements Regulation (CRR3), which took effect on 1 January 2025, caused a slight reduction in the capital adequacy of OP Financial Group.
    • The Retail Banking segment’s operating profit decreased by 23% to EUR 291 million (379). Net interest income decreased by 17% to EUR 464 million (558). Impairment loss on receivables reversed came to EUR 26 million (-27). Net commissions and fees increased by 2% to EUR 190 million (187). The cost/income ratio weakened to 60% (46). In the year to March, the loan portfolio grew by 0.4% to EUR 71.0 billion (70.6). Deposits increased by 4% to EUR 64.0 billion (61.8). Assets under management grew by 6% to EUR 94.4 billion (89.4).
    • Corporate Banking segment’s operating profit grew by 13% to EUR 145 million (129). Net interest income decreased by 0.5% to EUR 165 million (166). Impairment loss on receivables decreased by 89% to EUR 1 million (12). Net commissions and fees decreased by 10% to EUR 21 million (23). The cost/income ratio was 33% (32). In the year to March, the loan portfolio grew by 1% to EUR 28.2 billion (27.8). Deposits increased 14% by to EUR 14.2 billion (12.5). 
    • The Insurance segment’s operating loss was EUR -14 million (118). The insurance service result grew to EUR 2 million (-10). Investment income fell to EUR -17 million (129). The combined ratio reported by non-life insurance improved to 99.5% (108.9).
    • Group Functions’ operating profit was EUR 23 million (-5). Net interest income grew to EUR 2 million (-6).
    • OP Financial Group increased the OP bonuses to be earned by owner-customers for 2025 by 40% compared to the normal level of 2022. Additionally, owner-customers get daily banking services without monthly charges in 2025. Together, these benefits added up to EUR 104 million in value for owner-customers during the reporting period.
    • Outlook: OP Financial Group’s operating profit for 2025 is expected to be at a good level but lower than that for 2023 and 2024. For more detailed information on the outlook, see “Outlook”.

    OP Financial Group’s key indicators

    € million Q1/2025 Q1/2024 Change, % Q1–4/2024
    Operating profit, € million 423 618 -31.4 2,486
      Retail Banking*** 291 379 -23.4 1,328
      Corporate Banking*** 145 129 12.8 520
      Insurance -14 118 -111.5 578
      Group Functions 23 -5 – 19
    New OP bonuses accrued to owner-customers, € million -81 -75 7.6 -314
    Total income** 989 1,194 -17.1 4,844
    Total expenses -590 -537 10.0 -2,262
    Cost/income ratio, %*/** 59.7 45.0 14.7 46.7
    Return on equity (ROE), %* 7.5 12.1 -4.5 11.6
    Return on equity, excluding OP bonuses, %* 8.8 13.4 -4.6 13.0
    Return on assets (ROA), %* 0.85 1.25 -0.40 1.24
    Return on assets, excluding OP bonuses, %* 0.99 1.39 -0.39 1.39
      31 Mar 2025 31 Mar 2024 Change, % 31 Dec 2024
    CET1 ratio, %* 20.0 19.6 0.3 21.5
    Loan portfolio, € billion 99.1 98.4 0.7 98.9
    Deposits, € billion 77.5 73.6 5.4 77.7
    Assets under management, € billion**** 94.4 89.4 5.6 93.3
    Ratio of non-performing exposures to exposures, %* 2.48 3.04 -0.56 2.64
    Ratio of impairment loss on receivables to loan and guarantee portfolio, %* -0.10 0.15 -0.25 0.09
    Owner-customers (1,000) 2,121 2,095 1.3 2,115

    Comparatives for the income statement items are based on the corresponding figures in 2024. Unless otherwise specified, figures from 31 December 2024 are used as comparatives for balance-sheet and other cross-sectional items. 
    * Change in ratio, percentage point(s). 
    ** OP bonuses to owner-customers, which were previously shown on a separate line in the income statement, have been divided under the following items based on their accrual: interest income, interest expenses, and commission income from mutual funds. The line ‘OP bonuses to owner-customers’ is no longer shown in the income statement. Comparative information of Q1 2024 has been adjusted accordingly. For more detailed information on the change, see Note 1 to the Half-year Financial Report 1 January–30 June 2024, Accounting policies and changes in accounting policies and presentation.
    *** As of 1 January 2025, OP Asset Management Ltd, OP Fund Management Company Ltd and OP Real Estate Asset Management Ltd, including subsidiaries, are reported as part of the Retail Banking segment. Comparative information of 2024 has been adjusted accordingly. 
    **** The presentation of assets under management was changed at the beginning of 2025. Comparatives have been adjusted to correspond to the current definition.

    Comments by the President and Group Chief Executive Officer:

    Geopolitical tensions and the trade war are making the economic outlook uncertain

    In the first quarter of 2025, the business environment was marked by uncertainty and an exceptionally tense geopolitical situation. The war in Ukraine has continued for more than three years, no solution is in sight for the Middle-East conflict, and the trade war ignited by US tariff rises is creating exceptional uncertainty in the world economy. As the tectonic plates of geopolitics and world trade structures shift, it is difficult to see where they will settle. The golden age of globalisation, which began in the late nineties, already appears to be over for now; free global trade seems unlikely to return to its former course. Mounting trade barriers will slow global growth and increase inflationary pressures.

    Due to the uncertainty, the most recent analyses revise economic forecasts downwards: OP Financial Group’s latest projection envisages GDP growth of 1% in Finland this year. The world economy is expected to grow by only 2.5%, which is a relative slowdown in terms of global growth. However, given the exceptional uncertainty in growth prospects, positive changes in the outlook are also possible.

    Gloomy economic expectations have spurred cuts in interest rates and the markets expect short-term market rates to keep falling in the euro zone. Conversely, long-term rates have risen due to concerns that public debt will continue to rise in the euro zone.

    The uncertainty seems to be dampening consumer confidence and companies’ willingness to invest. Despite this, the housing market continues its gradual recovery.

    The trade war has magnified the unusual volatility in stock market prices. In many markets, the early-year rise in stock prices was wiped out as Q1 ended: in late March, the global equity index was 2.1% lower than at the end of 2024. European share markets defied this trend, rising by 5.2% after the year-end; the Nasdaq Helsinki closed 4.2% higher.

    OP Financial Group performed well, despite the turbulence in capital markets

    Regardless of the challenging business environment, OP Financial Group’s profitability remained high and its operating profit was EUR 423 million. This represents a decrease of 31% compared to the same period in 2024. Our strong profit performance will enable us to continue providing outstanding benefits for our more than 2.1 million owner-customers in 2025. This year again, we will use benefits to help ease the strain on households in economically challenging times. We will pay 40% extra (compared to the normal level of 2022) on OP bonuses earned in 2025 and will not charge our owner-customers monthly fees for daily services throughout the year. Together, these benefits will add up to more than EUR 400 million in value for our owner-customers. Being customer-owned, OP Financial Group will continue to share its financial success through a range of financial and other benefits for owner-customers.

    Strong capital adequacy and excellent liquidity provide security in the uncertain and often unpredictable business environment. At the end of March, OP Financial Group’s CET1 ratio was 20.0%, which exceeds the minimum regulatory requirement by 6.9 percentage points. OP Financial Group is one of the most financially solid large banks in Europe. Furthermore, our liquidity remained excellent. Strong capital adequacy, excellent liquidity and broad trust among customers and other stakeholders are vital for banks and insurance companies, particularly in these uncertain times. All of these are in excellent shape at OP Financial Group.

    Income from OP Financial Group’s business operations was EUR 989 million in January–March, which was 17% less year-on-year. In particular, net interest income fell by 11% due to decreases in market rates. Net commissions and fees were at the same level year-on-year.

    The insurance service result was a EUR 2 million profit, compared to a EUR 10 million loss for Q1 in 2024. This was due to a more favourable claims trend than a year earlier, although the insurance service result for this year’s Q1 was weighed down by growing operating expenses and the poor profitability of health insurance.

    Due to turbulence in the markets, income from investment activities was modest at EUR 19 million, compared to EUR 151 million at the end of March last year.

    Totalling EUR 590 million, OP Financial Group’s expenses were higher by 10% year-on-year, mainly due to rising personnel costs and higher investments in ICT development. At 60%, OP Financial Group’s cost-income ratio clearly deteriorated compared to Q1 2024.

    Of the three business segments, the best performer was Corporate Banking, which had an operating profit of EUR 145 million in January–March, a year-on-year increase of 13%. Despite a 23% decrease, Retail Banking’s operating profit of EUR 291 million was also a good performance. The segment was particularly affected by falling market rates: net interest income decreased by 17%. Due to a poor investment result, the Insurance segment recorded a EUR 14 million operating loss. This compares to the segment’s operating profit of EUR 118 million for Q1 in 2024.

    Both deposit and loan volumes are growing – impairment loss on receivables was exceptionally positive

    The deposit portfolio grew by 5% year-on-year, total deposits being EUR 77.5 billion at the end of March. OP Financial Group’s market share of deposits has been growing markedly over the last couple of years.

    Moreover, its loan portfolio, which grew by around 1% year-on-year, was EUR 99.1 billion: with this, the Group held onto its position as Finland’s leading provider of home loans. The home loan market has shown signs of recovery in recent months: for example, the euro amount of new home loans granted by OP Financial Group in March 2025 was 28% higher than in March 2024. OP’s home loan customers have continued to repay their loans diligently and on schedule. The number of loan modification applications was lower than in the same period in 2024. Year-on-year, the number of corporate loans under special monitoring declined.

    The ratio of non-performing exposures to the loan and guarantee portfolio decreased to 2.5%. Exceptionally, reversals of impairment loss on receivables totalled EUR 24 million in January–March, compared to EUR -39 million recognised for Q1 a year earlier.

    Savings and investments are growing strongly – OP First Investment for babies incentivises long-term investment

    Alongside our aim to coach our customers in making better financial choices, we have focused on making personal financial management easier for them, while enabling and supporting long-term saving and investing. Wealth management is one of our growth focus areas and we aim to make a clear growth leap in this business activity. Despite the volatility on stock markets, our customers retained a strong interest in securing their financial futures and accumulating wealth.

    Customers were interested in systematically investing in funds – they made almost 57,000 new systematic investment agreements with us, which is a 22% increase compared to Q1 in 2024. There are already more than 1.4 million OP mutual fund unitholders. In addition, the number of active equity investors grew by 34%. Reaching almost EUR 94 billion in value, investment assets managed by OP Financial Group grew by 6% compared to January–March 2024.

    OP Financial Group member cooperative banks will make an OP First Investment donation – a EUR 100 investment in the OP-World Index fund – to every baby born in Finland this year. The wellbeing of children and youths is one of OP’s values and part of its approach to corporate responsibility. With OP First Investment, we want to encourage families to engage in systematic, long-term saving and investment. Based on last year’s figures, the estimated aggregate value of OP First Investment donations may exceed EUR 4.3 million. OP First Investment can be received from May 2025, when it will become available for babies born in 2025 (including those born before May).

    The mild winter had a positive impact on claims, but health insurance claims expenditure continued to grow considerably

    Pohjola Insurance’s premiums written grew by 1% compared to the first quarter of last year. Premiums written grew by more than 8% regarding personal customers, but decreased by 2% in the case of corporate customers.

    Pohjola Insurance’s claims expenditure fell by 16% year-on-year. Due to the mild winter, building claims were 36% down and compensation paid for vehicle claims was 2% lower than for Q1 in 2024. On the other hand, health insurance compensation grew by 14% compared to the first three months of last year.

    Compensation was paid for a total of 94% of all claims, which was the same level as a year earlier.

    Use of digital services is still growing – phone number-based payment is becoming more versatile

    Use of digital services grew substantially again. Our personal and corporate customers increasingly use digital channels for banking and insurance. OP-mobile was logged into more than 60 million times in March. The app already has more than 1.7 million active users. Use of OP Aina – which was launched in June last year as a personal assistant for customers using OP-mobile – grew in the first quarter to 1.5 million service interactions. We use OP Aina to provide customers with services that are even more personalised than before and continuously available.

    Siirto Brand Oy, a joint venture between OP and Nordea, began operating: the company provides Finnish solutions for easy and secure payment. With just a phone number, users can make payments to friends or online stores, and a feature for ordering recurring or single e-invoices is planned. These services will expand opportunities to make account-based payments in Finland. Siirto already has 1.5 million registered users.

    A historically large structural change is underway among OP cooperative banks

    New plans were published during the first quarter for mergers between OP cooperative banks around Finland. The mergers announced and decided so far will reduce the number of OP cooperative banks from 93 at the end of 2024 to 54 by the end of 2025. In addition, several projects (both published and unpublished) for mergers between OP cooperative banks are being planned.

    Key drivers of mergers between OP cooperative banks include ensuring that they can provide the most comprehensive, highest quality banking services possible in their operating regions, while keeping pace with the increase in banking regulations.

    In uncertain times, we need pioneers that point the way to futures filled with hope

    OP Financial Group is in excellent shape to support customers in various ways in the uncertain business environment. We want to be a pioneer pointing the way to futures filled with hope in Finnish society – we will pursue this objective through a number of measures this year. An example is our new partnership with the Hive coding school, through which we aim to promote work-based immigration and the training of people from diverse backgrounds for high-level roles in IT. The future success and wellbeing of Finland and its people depend on stepping up work-based immigration and solving the challenges posed by the ageing of society, as Finland’s working-age population decreases.

    My warm thanks to all our customers for the trust they showed in OP Financial Group in early 2025. We aim to continue being worthy of the confidence you place in us. I would also like to thank our employees and governing bodies for their excellent work in the first quarter of 2025.

    Timo Ritakallio
    President and Group CEO


    January–March

    OP Financial Group’s operating profit was EUR 423 million (618), down by 31.4% or EUR 194 million year on year. Income from customer business (net interest income, net commissions and fees and insurance service result) decreased by a total of 7.2% to EUR 839 million (904). The cost/income ratio weakened to 59.7% (45.0). New OP bonuses accrued to owner-customers increased by 7.6% to EUR 81 million.

    As a result of lower market interest rates, net interest income decreased by 11.0% to EUR 631 million. Net interest income reported by the Retail Banking segment decreased by 16.9% to EUR 464 million and that by the Corporate Banking segment decreased by 0.5% to EUR 165 million. OP Financial Group’s loan portfolio grew by 0.7% to EUR 99.1 billion while deposits grew by 5.4% to EUR 77.5 billion, year on year. Household deposits increased by 4.1% year on year, to EUR 49.0 billion. New loans drawn down by customers during the reporting period totalled EUR 6.1 billion (4.5).

    Impairment loss on receivables reversed came to EUR 24 million (-39). Final credit losses totalled EUR 16 million (12). At the end of the reporting period, loss allowance was EUR 784 million (824), of which management overlay accounted for EUR 58 million (77). Non-performing exposures decreased, accounting for 2.5% (3.0) of total exposures. Impairment loss on loans and receivables accounted for -0.10% (0.15) of the loan and guarantee portfolio.

    Net commissions and fees grew by 0.4% to EUR 206 million. Owner-customers’ use of daily banking services has been free of monthly charges since October 2023. Net commissions and fees for payment transfer services increased by EUR 3 million to EUR 58 million, and those for mutual funds by EUR 2 million to EUR 46 million.

    The insurance service result was EUR 2 million (-10). Insurance service result includes EUR 142 million (129) in operating expenses. Non-life insurance net insurance revenue, including the reinsurer’s share, decreased by 1.1% to EUR 419 million. Net claims incurred after the reinsurer’s share decreased by 15.8% to EUR 287 million. The combined ratio reported by non-life insurance improved to 99.5% (108.9).

    Investment income (net investment income, net insurance finance expenses and income from financial assets held for trading) decreased by a total of 87.5% to EUR 19 million. Investment income decreased as a result of the decrease in the value of equity investments and notes and bonds in particular. Net investment income together with net finance income describe investment profitability in the insurance business. The combined return on investments at fair value of OP Financial Group’s insurance companies was -1.1% (2.0).

    Net income from financial assets recognised at fair value through profit or loss, or notes and bonds, shares and derivatives, totalled EUR -448 million (744). Net income from investment contract liabilities totalled EUR 184 million (-359). Net insurance finance expenses totalled EUR 229 million (-250).

    In banking, net income from financial assets held for trading came to EUR 53 million (8) as a result of changes in the value of derivatives.

    Other operating income totalled EUR -11 million (9). A EUR 23 million valuation adjustment in patient insurance policies with full risk for own account decreased other operating income.

    Total expenses grew by 10.0% to EUR 590 million. Personnel costs rose by 9.4% to EUR 280 million. The increase was affected by headcount growth and pay increases. OP Financial Group’s personnel increased by more than 800 year on year. The number of employees increased in areas such as sales, customer service, service development, risk management and compliance. Depreciation/amortisation and impairment loss on PPE and intangible assets decreased by 4.1% to EUR 32 million. Other operating expenses increased by 12.4% to EUR 278 million. ICT costs totalled EUR 139 million (123). Development costs were EUR 101 million (83) and capitalised development expenditure EUR 13 million (14). Charges of financial authorities were EUR 1 million (1). The EU’s Single Resolution Board (SRB) does not collect stability contributions from banks for 2025.

    At EUR 73 million (69), OP bonuses for owner-customers are included in earnings and are divided under the following items based on their accrual: EUR 33 million (35) under interest income, EUR 22 million (19) under interest expenses, EUR 13 million (11) under commission income from mutual funds, and EUR 4 million (4) under the insurance service result.

    Income tax amounted to EUR 85 million (125). The effective tax rate for the reporting period was 20.1% (20.3). Comprehensive income after tax totalled EUR 362 million (509).

    OP Financial Group’s equity amounted to EUR 18.2 billion (18.1). Equity included EUR 3.1 billion (3.3) in Profit Shares, terminated Profit Shares accounting for EUR 0.2 billion (0.4).

    OP Financial Group’s funding position and liquidity are strong. The Group’s LCR was 202% (193) and NSFR was 129% (129).


    OP Cooperative’s Annual Cooperative Meeting

    On 9 April 2025, OP Cooperative held its Annual Cooperative Meeting which elected members of the Supervisory Council, the auditor and the sustainability reporting assurer.

    The Supervisory Council comprises 36 members. The Annual Cooperative Meeting re-elected the following members to the Supervisory Council who were due to resign: Managing Director Jouni Hautala, Lawyer Taija Jurmu, Managing Director Pekka Lehtonen, Vicar Toivo Loikkanen, Managing Director Kari Mäkelä, Chair of the Board of Directors Annukka Nikola, Managing Director Ulf Nylund, Managing Director Teemu Sarhemaa and Managing Director Ari Väänänen.

    New Supervisory Council members elected were entrepreneur Erkki Haavisto, Managing Director Sanna Metsänranta, Managing Director Pertti Purola, Product Manager Sanna Tefke, Director of Rural Administration Hannu Tölli and Managing Director Mikko Vepsäläinen.

    At its reorganising meeting on 9 April 2025, the Supervisory Council elected the Chairs of the Supervisory Council. Chair of the Board of Directors Annukka Nikola was elected as Chair and Lawyer Taija Jurmu and Managing Director Ari Väänänen as Vice Chairs of the Supervisory Council.

    The Annual Cooperative Meeting elected PricewaterhouseCoopers Oy, an audit firm, to act as auditor for the financial year 2025, with APA Lauri Kallaskari as the chief auditor.

    The Annual Cooperative Meeting elected PricewaterhouseCoopers Oy, a sustainability audit firm, to assure OP Financial Group’s sustainability reporting for the financial year 2025, with Tiina Puukkoniemi, ASA, acting as the chief authorised sustainability auditor.


    Outlook

    The global economic outlook has weakened due to increased tariffs and a higher level of uncertainty. The Finnish economy is likely to grow less than previously expected and the outlook is exceptionally uncertain. The escalation of geopolitical crises or a rise in trade barriers may affect capital markets and the economic environment of OP Financial Group and its customers.

    OP Financial Group’s operating profit for 2025 is expected to be at a good level but lower than that for 2023 and 2024.

    The most significant uncertainties affecting OP Financial Group’s earnings performance are associated with developments in the business environment, changes in the interest rate and investment environment, and developments in impairment loss on receivables. Forward-looking statements in this Interim Report expressing the management’s expectations, beliefs, estimates, forecasts, projections and assumptions are based on the current view on developments in the economy, and actual results may differ materially from those expressed in the forward-looking statements.


    Press conference

    OP Financial Group’s financial performance will be presented to the media by the President and Group Chief Executive Officer Timo Ritakallio in a press conference on 7 May 2025 at 11am at Gebhardinaukio 1, Vallila, Helsinki. Media enquiries: OP Corporate Communications, tel. +358 10 252 8719, viestinta@op.fi

    OP Corporate Bank plc and OP Mortgage Bank plc will publish their own interim reports.

    Schedule for 2025 Interim Reports and Half-year Financial Report:

    Half-year Financial Report 1 January–30 June 2025 30 July 2025
    Interim Report 1 January–30 September 2025 28 October 2025
    OP Amalgamation Pillar 3 Disclosures 31 March 2025 Week 19
    OP Amalgamation Pillar 3 Disclosures 30 June 2025 Week 33
    OP Amalgamation Pillar 3 Disclosures 30 September 2025 Week 45

    Helsinki, 7 May 2025

    OP Cooperative
    Board of Directors


    Additional information:

    Timo Ritakallio, President and Group Chief Executive Officer, tel. +358 (0)10 252 4500
    Mikko Timonen, Chief Financial Officer, tel. +358 (0)10 252 1325
    Piia Kumpulainen, Chief Communications Officer, tel. +358 10 252 7317

    DISTRIBUTION

    Nasdaq Helsinki Ltd
    Euronext Dublin (Irish Stock Exchange)
    London Stock Exchange
    Major media
    op.fi

    OP Financial Group is Finland’s largest financial services group, with more than two million owner-customers and over 14,000 employees. We provide a comprehensive range of banking and insurance services for personal and corporate customers. OP Financial Group consists of OP cooperative banks, its central cooperative OP Cooperative, and the latter’s subsidiaries and affiliates. Our mission is to promote the sustainable prosperity, security and wellbeing of our owner-customers and operating region. Together with our owner-customers, we have been building Finnish society and a sustainable future for 120 years now. www.op.fi

    The MIL Network –

  • MIL-OSI: Cybernet and Nokia redefine Pakistan’s network landscape with 1.2T-per-lambda backbone

    Source: GlobeNewswire (MIL-OSI)

    Press Release
    Cybernet and Nokia redefine Pakistan’s network landscape with 1.2T-per-lambda backbone

    • Cybernet has selected Nokia’s innovative 1830 Global Express (GX) platform with integrated optical line system capabilities and ICE7 coherent optics.
    • Cybernet’s new network will provide connectivity services to over 25 cities across Pakistan.
    • The Nokia solution will help Cybernet meet growing customer bandwidth demands with high-capacity services at market-competitive cost and power per bit.

    7 May 2025

    Espoo, Finland – Nokia today announced that Cybernet, Pakistan’s leading fiber broadband provider, has chosen Nokia’s cutting-edge optical transport solution for its new long-haul Optical Fiber Cable (OFC) network. Designed to deliver 1.2 terabits per second (Tbps) per wavelength, this next-generation infrastructure will power Cybernet’s national backbone. The network will connect over 25 cities in its initial phase and deliver more than 50 Tbps of long-haul capacity.

    This deployment will support data center interconnect, enterprise and carrier networks, as well as Cybernet’s flagship consumer broadband service, StormFiber.

    Cybernet provides comprehensive connectivity solutions across Pakistan, serving enterprise, corporate, and residential customers, in addition to offering carrier and transit services to international telecom operators. To support its growing data demands and build a terabit-scale infrastructure, Cybernet is deploying Nokia’s 1830 GX platform, integrated with 1.2T ICE7 coherent optics. The new network will expand capacity along resilient, diverse routes and enable a high-speed, low-latency terrestrial backbone that spans the entire country.

    In addition to connecting cities and communities through Cybernet’s digital highways, the new backbone will also support cross-border transit services for carriers and internet service providers in Central Asia. By delivering scalable, high-capacity services at globally competitive rates, this initiative will ultimately accelerate Pakistan’s digital transformation and foster regional connectivity.

    “By enhancing our network with cutting-edge technology, we’re able to keep pace with our customers’ rapidly evolving connectivity needs and deliver a superior end-user experience. Nokia is a trusted technology leader with the expertise and innovation to support our modernization goals. The 1830 GX-based solution will form the foundation for high-capacity services connecting Pakistan—and the region—to the global digital economy,” said Maroof Ali Shahani, Chief Operating Officer of Cybernet.

    “Deploying state-of-the-art optical solutions ensures networks are not just keeping pace with, but even staying ahead in the race to meet surging bandwidth demands. As Cybernet prepares to modernize its network infrastructure, Nokia is proud to be helping transform Pakistan’s connectivity landscape with a 1.2T backbone, seamlessly interconnecting data centers, powering government networks, and delivering direct-to-home services,” said James Watt, Senior Vice President and General Manager, Optical Networks at Nokia.

    Multimedia, technical information and related news
    Product Page: ICE7 1.2Tb/s high-performance coherent optics

    About Nokia
    At Nokia, we create technology that helps the world act together.

    As a B2B technology innovation leader, we are pioneering networks that sense, think and act by leveraging our work across mobile, fixed and cloud networks. In addition, we create value with intellectual property and long-term research, led by the award-winning Nokia Bell Labs, which is celebrating 100 years of innovation.

    With truly open architectures that seamlessly integrate into any ecosystem, our high-performance networks create new opportunities for monetization and scale. Service providers, enterprises and partners worldwide trust Nokia to deliver secure, reliable and sustainable networks today – and work with us to create the digital services and applications of the future.

    About Cybernet

    Cybernet is a leading fixed-line telecommunications provider in Pakistan with over 25 years of experience delivering high-quality connectivity solutions. Operating the country’s largest and most resilient FTTX network, Cybernet serves enterprise, carrier, and residential customers nationwide. It has international points of presence in France, the UAE, Oman, Singapore, and Hong Kong. Its service portfolio includes Carrier Ethernet, IPLC, DIA, MPLS, IP Transit, Wholesale Voice, Peering, cross-border and submarine transit capacities, as well as cloud and carrier-grade hosting. Cybernet is also the parent company of StormFiber, a fast-growing fiber broadband provider active in over 25 cities across Pakistan. Through sustained investment in infrastructure and innovation, Cybernet is helping to shape the future of Pakistan’s digital ecosystem.

    Media inquiries
    Nokia Press Office
    Email: Press.Services@nokia.com

    Follow us on social media
    LinkedIn X Instagram Facebook YouTube

    The MIL Network –

  • MIL-OSI: Agillic releases Q1 2025 financial results: YoY, ARR from subscriptions is up 4%, EBITDA is up DKK 0.2 million, and cash flow from operations improved by DKK 1.9 million

    Source: GlobeNewswire (MIL-OSI)

    Announcement no. 08 – Copenhagen, 7 May 2025 – Agillic A/S

    ARR from subscriptions increased by 4% in Q1 2025 vs. Q1 2024 due to new clients and stabilisation of churn. Agillic expects growth from both existing clients and new clients in 2025.

    Total revenue decreased by 1% in Q1 2025 YoY due to lower revenue following last year’s high churn level. Total revenue is expected to increase in 2025 as per 2025 guidance.

    EBITDA increased by 20% in Q1 2025 vs. Q1 2024. The increase is driven by reduced employee costs following the organisational changes in Q4 2024.

    Cash flow from operations was DKK 1.9 million in Q1 2025, an increase of DKK 1.9 million YoY. The improved cash flow derives from a positive development in working capital.

    Key financial and SaaS highlights
    (DKK million)

    Income statement Q1 2025 Q1 2024 Change YTD 2025 YTD 2024 Change
    Revenue subscriptions 12.6 12.6 0% 12.6 12.6 0%
    Revenue transactions 2.1 2.2 -5% 2.1 2.2 -5%
    Total revenue 14.7 14.8 -1% 14.7 14.8 -1%
    Gross profit  12.0 12.3 -2% 12.0 12.3 -2%
    Gross margin 82% 83% – 82% 83% –
    Other operating income 0.0 0.2 -100% 0.0 0.2 -100%
    Employee costs -7.6 -8.6 12% -7.6 -8.6 12%
    Operational costs -3.6 -3.3 -9% -3.6 -3.3 -9%
    EBITDA 0.8 0.6 20% 0.8 0.6 20%
    Net profit -3.0 -3.4 11% -3.0 -3.4 11%
                 
    Financial position            
    Cash 5.2 7.2 -28% 5.2 7.2 -28%
    Cash flow from operations 1.9 0.0 – 1.9 0.0 –
                 
    ARR subscriptions            
    ARR 54.4 52.2 4% 54.4 52.2 4%
    Change in ARR 2.2 -2.0 – 2.2 -2.0 –
    Change in ARR % 4% -4% – 4% -4% –

    Financial guidance 2025 (announced on 6 February 2025, unchanged)

    Revenue DKK 60-63 million
    EBITDA DKK 5-8 million
    ARR subscriptions DKK 56-60 million

     
     
    For further information, please contact:
    Christian Samsø, CEO
    +45 24 88 24 24
    christian.samsoe@agillic.com

    Jack Sørensen, CFO
    +45 53 88 61 48
    jack.soerensen@agillic.com

    Certified Adviser
    HC Andersen Capital
    Pernille Friis Andersen

    Disclaimer
    The forward-looking statements regarding Agillic’s future financial situation involve factors of uncertainty and risk. which could cause actual developments to deviate from the expectations indicated. Statements regarding the future are subject to risks and uncertainties that may result in considerable deviations from the presented outlook. Furthermore, some of these expectations are based on assumptions regarding future events, which may prove incorrect. Please also refer to the overview of risk factors in the ‘risk management’ section of the annual report.

    About Agillic A/S
    Agillic (Nasdaq First North Growth Market Denmark: AGILC) is a Danish software company offering brands a platform through which they can work with data-driven insights and content to create, automate and send personalised communication to millions. Agillic is headquartered in Copenhagen, Denmark. For further information, please visit www.agillic.com  

    Attachment

    The MIL Network –

  • MIL-OSI: OP Corporate Bank plc’s Interim Report 1 January–31 March 2025

    Source: GlobeNewswire (MIL-OSI)

    OP Corporate Bank plc
    Interim Report 1 January–31 March 2025
    Stock Exchange Release 7 May 2025 at 9.00 am EEST

    OP Corporate Bank plc’s Interim Report 1 January–31 March 2025

    • OP Corporate Bank plc’s operating profit rose to EUR 140 million (112).
    • Total income grew by 10% to EUR 215 million (196). Net interest income, EUR 157 million, remained at the previous year’s level (157). Investment income increased to EUR 24 million (9). Net commissions and fees decreased by 14% to EUR 17 million (19). Other operating income increased to EUR 17 million (11).
    • Impairment loss on receivables decreased to EUR 1 million (12).
    • Total operating expenses increased by 3% to EUR 73 million (71). The cost/income ratio improved to 34% (36).
    • The loan portfolio grew by 1.4% to EUR 28.2 billion (27.8) year on year. The deposit portfolio increased by 20.9% year on year, to EUR 16.0 billion (13.3).
    • The Corporate Banking and Capital Markets segment’s operating profit increased to EUR 86 million (80). Net interest income decreased by 2% to EUR 94 million (97). Net commissions and fees totalled EUR 1 million (1). Investment income increased to EUR 22 million (10). Operating expenses increased by 4% to EUR 31 million (30). Impairment loss on receivables totalled EUR 3 million. A year ago, impairment loss on receivables reversed came to EUR 1 million. The cost/income ratio improved to 26% (27).
    • The Asset and Sales Finance Services and Payment Transfers segment’s operating profit increased to EUR 49 million (37). Net interest income, EUR 55 million, remained at the previous year’s level (55). Net commissions and fees decreased to EUR 14 million (17). Operating expenses increased by 4% to EUR 29 million (28). Impairment loss on receivables reversed came to EUR 2 million. A year ago, impairment loss on receivables totalled EUR 13 million. The cost/income ratio weakened to 38% (36).
    • The Baltics segment’s operating profit amounted to EUR 9 million (10). Net interest income, EUR 15 million, remained at the previous year’s level (15). Net commissions and fees totalled EUR 2 million (2). Operating expenses increased to EUR 9 million (8). The cost/income ratio weakened to 49% (45).
    • The Group Functions segment’s operating loss was EUR 3 million. A year ago, the operating loss amounted to EUR 15 million. Funding position and liquidity remained strong.
    • OP Corporate Bank plc’s CET1 ratio remained at 13.9% (14.1), which exceeds the minimum regulatory requirement by 5.1 percentage points. The changes in the EU Capital Requirements Regulation (CRR3), which took effect on 1 January 2025, caused a slight reduction in capital adequacy.

    OP Corporate Bank plc’s key indicators

    € million Q1/2025 Q1/2024 Change, % Q1–4/2024
    Operating profit (loss), € million 140 112         24.9 473
    Corporate Banking and Capital Markets 86 80         7.1 307
    Asset and Sales Finance Services and Payment Transfers 49 37         30.1 167
    Baltics 9 10         -5.4 39
    Group Functions -3 -15         — -40
    Total income 215 196         9.6 773
    Total expenses -73 -71         2.5         -298
    Cost/income ratio, %         34.1         36.5         -2.3*         38.6
    Return on equity (ROE), %         9.2         7.5         1.7*         7.9
    Return on assets (ROA), %         0.59         0.46         0.13*         0.48
      31 Mar 2025 31 Mar 2024 Change, % 31 Dec 2024
    CET1 ratio, % 13.9         13.3 0.6* 14.1
    Loan portfolio, € million 28,234 27,850         1.4 28,295
    Guarantee portfolio, € million 2,735 3,030         -9.7 2,660
    Other exposures, € million 5,389 5,558         -3.1 5,238
    Deposits, € million 16,031 13,258         20.9 17,155
    Ratio of non-performing exposures to exposures, % 1.6 2.2 -0.6* 1.8
    Ratio of impairment loss on receivables to loan and guarantee portfolio, % 0.02 0.16 -0.14* 0.00

    * Change in ratio, percentage point(s).
    Comparatives for the income statement items are based on the corresponding figures in 2024. Unless otherwise specified, figures from 31 December 2024 are used as comparatives for balance-sheet and other cross-sectional items.

    Decisions by OP Corporate Bank plc’s Annual General Meeting

    On 13 March 2025, the Annual General Meeting (AGM) of OP Corporate Bank plc re-elected OP Financial Group’s President and Group Chief Executive Officer Timo Ritakallio as Chair of OP Corporate Bank’s Board of Directors. As other Board members, the AGM elected OP Uusimaa Managing Director Olli Lehtilä, OP Turun Seutu Managing Director Petteri Rinne, OP Financial Group’s Chief Financial Officer Mikko Timonen and OP Financial Group’s Chief People and Culture Officer Hannakaisa Länsisalmi. As new board member to replace Mikko Vepsäläinen, OP Häme Managing Director Mika Kivimäki was elected.

    The AGM elected PricewaterhouseCoopers Oy, an audit firm, to act as OP Corporate Bank’s auditor for the financial year 2025. Lauri Kallaskari, Authorised Public Accountant, acts as the chief auditor appointed by PricewaterhouseCoopers Oy.

    The AGM of 13 March 2025 adopted the Financial Statements for 2024 and discharged members of the Board of Directors and the CEO from liability. The AGM decided that dividends to be distributed total EUR 112,000,000.00, or EUR 0.35 per share, and that following dividend distribution, the remaining amount of EUR 260,323,566.01 be recognised in the retained earnings account. Following dividend distribution, the company’s distributable earnings total EUR 3,309,605,085.96 and its distributable funds total EUR 3,640,985,923.02. 

    Outlook

    The global economic outlook has weakened due to increased tariffs and a higher level of uncertainty. The Finnish economy is likely to grow less than previously expected and the outlook is exceptionally uncertain. The escalation of geopolitical crises or a rise in trade barriers may affect capital markets and the economic environment of OP Corporate Bank and its customers.

    A full-year earnings estimate for 2025 will only be provided at Group level, in OP Financial Group’s financial statements bulletin and in its interim and half-year financial reports.

    The most significant uncertainties affecting OP Corporate Bank’s earnings performance relate to developments in the business environment, changes in the interest rate and investment environment, and developments in impairment loss on receivables. In addition, future earnings performance will be affected by the market growth rate and the change in the competitive situation.

    Forward-looking statements in this Interim Report expressing the management’s expectations, beliefs, estimates, forecasts, projections and assumptions are based on the current view of the future development in the business environment and the future financial performance of OP Corporate Bank plc’s and its various functions, and actual results may differ materially from those expressed in the forward-looking statements. 

    Schedule for 2025 Interim Reports and Half-year Financial Report:

    Half-year Financial Report 1 January–30 June 2025 30 July 2025
    Interim Report 1 January–30 September 2025 28 October 2025

    Helsinki, 7 May 2025

    OP Corporate Bank plc
    Board of Directors

    For additional information, please contact:

    Katja Keitaanniemi, Chief Executive Officer, tel. +358 10 252 1387
    Piia Kumpulainen, Chief Communications Officer, tel. +358 10 252 7317

    DISTRIBUTION
    Nasdaq Helsinki Oy
    Euronext Dublin (Irish Stock Exchange)
    LSE London Stock Exchange
    Major media
    op.fi

    OP Corporate Bank plc is part of OP Financial Group. OP Corporate Bank and OP Mortgage Bank are responsible for OP’s funding in money and capital markets. As laid down in the applicable law, OP Corporate Bank, OP Mortgage Bank and their parent company OP Cooperative and other OP Financial Group member credit institutions are ultimately jointly and severally liable for each other’s debts and commitments. OP Corporate Bank acts as OP Financial Group’s central bank.

    The MIL Network –

  • MIL-OSI: VAALCO Energy, Inc. Provides Additional Information Regarding Its Capital Markets Day Planned for May 14, 2025

    Source: GlobeNewswire (MIL-OSI)

    HOUSTON, May 07, 2025 (GLOBE NEWSWIRE) — Vaalco Energy, Inc. (NYSE: EGY; LSE: EGY) (“Vaalco” or the “Company”) today provided additional details regarding its Capital Markets Day presentation on Wednesday, May 14, 2025. The presentation will begin at 8 a.m. Central Time (2 p.m. London Time) and is expected to conclude by around 10:00 a.m. Central Time (4 p.m. London Time).

    Participation in the Capital Markets Day is directed to Vaalco’s shareholders, buy side and sell side analysts, as well as large institutional investors and portfolio managers. The session will be webcast live along with related presentation materials, and the webcast will allow for questions to be asked of the management team.

    Interested investors may sign up for the webcast using the link that is now available on Vaalco’s web site at www.vaalco.com in the “Investors” section of the web site under upcoming events, or use this link: https://event.choruscall.com/mediaframe/webcast.html?webcastid=nvILiLZm. A replay will be archived on the site shortly after the presentation concludes.

    The agenda will include presentations by key members of management on topics including:

    • A technical deep dive into Vaalco’s diverse portfolio;
    • Updates on the Company’s major investment projects;
    • Outlining projected finance and capital management strategy for execution of the Company’s longer-term vision; and
    • Additional insight into Vaalco’s strategy over the next three to five years.

    About Vaalco
    Vaalco, founded in 1985 and incorporated under the laws of Delaware, is a Houston, Texas, USA based, independent energy company with a diverse portfolio of production, development and exploration assets across Gabon, Egypt, Côte d’Ivoire, Equatorial Guinea, Nigeria and Canada.

    For Further Information

    Vaalco Energy, Inc. (General and Investor Enquiries) +00 1 713 543 3422
    Website: www.vaalco.com
       
    Al Petrie Advisors (US Investor Relations) +00 1 713 543 3422
    Al Petrie / Chris Delange  
       
    Burson Buchanan (UK Financial PR) +44 (0) 207 466 5000
    Ben Romney / Barry Archer Vaalco@buchanan.uk.com
       

    Forward Looking Statements

    This press release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”) and Section 21E of the Securities Exchange Act of 1934, as amended, which are intended to be covered by the safe harbors created by those laws and other applicable laws and may also include “forward-looking information” within the meaning of applicable Canadian securities law (collectively “forward-looking statements”). Where a forward-looking statement expresses or implies an expectation or belief as to future events or results, such expectation or belief is expressed in good faith and believed to have a reasonable basis. All statements other than statements of historical fact may be forward-looking statements. The words “anticipate,” “believe,” “estimate,” “expect,” “intend,” “forecast,” “outlook,” “aim,” “target,” “will,” “could,” “should,” “may,” “likely,” “plan” and “probably” or similar words may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements in this press release may include, but are not limited to, statements relating to (i) estimates of future drilling, production, sales and costs of acquiring crude oil, natural gas and natural gas liquids; (ii) expectations regarding Vaalco’s ability to effectively integrate assets and properties it has acquired as a result of the Svenska acquisition into its operations; (iii) expectations regarding future exploration and the development, growth and potential of Vaalco’s operations, project pipeline and investments, and schedule and anticipated benefits to be derived therefrom; (iv) expectations regarding future acquisitions, investments or divestitures; (v) expectations of future dividends; (vi) expectations of future balance sheet strength; and (vii) expectations of future equity and enterprise value.

    Such forward-looking statements are subject to risks, uncertainties and other factors, which could cause actual results to differ materially from future results expressed, projected or implied by the forward-looking statements. These risks and uncertainties include, but are not limited to: risks relating to any unforeseen liabilities of Vaalco; the ability to generate cash flows that, along with cash on hand, will be sufficient to support operations and cash requirements; risks relating to the timing and costs of completion for scheduled maintenance of the FPSO servicing the Baobab field; and the risks described under the caption “Risk Factors” in Vaalco’s 2024 Annual Report on Form 10-K filed with the SEC on March 17, 2025 and subsequent Quarterly Reports on Form 10-Q filed with the SEC.

    The MIL Network –