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Category: Finance

  • MIL-OSI Russia: China to boost support for consumer goods trade-in program

    Translation. Region: Russian Federal

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

    An important disclaimer is at the bottom of this article.

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

    BEIJING, Aug. 1 (Xinhua) — Chinese authorities plan to allocate 69 billion yuan (about 9.65 billion U.S. dollars) in special super-long-term bonds in October to support the trade-in program for consumer goods, the National Development and Reform Commission (NDRC) said at a press conference on Friday.

    According to the official of the SCRR Jiang Yi, this volume of securities aimed at implementing the above-mentioned program will be the fourth and last in 2025. Within the framework of the current year, the Ministry of Finance, together with the SCRR, plans to allocate a total of 300 billion yuan for these needs.

    China’s economy showed strong resilience in the first half of 2025, said Zhou Chen, another NCRR official, adding that domestic demand contributed 68.8 percent to the country’s GDP growth in January-June and continued to serve as an important driving force for economic growth.

    According to Zhou Chen, in the future, the NCRR will continue to promote the adoption and implementation of a series of measures to stabilize employment and the economy. In addition, the NCRR will strengthen economic monitoring and forecasting, as well as risk prevention to enhance economic security, and will continuously improve the set of policy instruments that promote employment growth and expansion of domestic demand, he noted. -0-

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

    .

    MIL OSI Russia News –

    August 5, 2025

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

    Source: World Food Programme

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

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

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

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

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

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

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

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

    #                #            #

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

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

    MIL OSI United Nations News –

    August 5, 2025

  • MIL-OSI Africa: Financial Action Task Force conducts on-site assessment in SA

    Source: Government of South Africa

    The Financial Action Task Force (FATF) Africa Joint Group has concluded an on-site assessment visit to South Africa, which was aimed at verifying the implementation of reforms to address money laundering and the financing of terrorism.

    The on-site assessment took place on Tuesday and Wednesday in Pretoria, completing the last step before the October 2025 FATF Plenary can consider whether to remove South Africa from its greylist.

    The FATF Joint Group held meetings with South African government officials and representatives of financial institutions and Designated Non-Bank Financial Institutions. 

    “At the conclusion of the meetings, the FATF Africa Joint Group held a meeting with Deputy Minister of Finance, Dr David Masondo and Deputy Minister of Justice and Constitutional Development, Andries Nel, who both assured the FATF of the South African government’s political commitment to continue to sustainably improve the country’s Anti-Money Laundering and the Combating of the Financing of Terrorism (AML/CFT) system,” National Treasury said on Thursday.

    The on-site visit followed the announcement by the June 2025 FATF Plenary that South Africa had substantially completed all the 22 action items that were contained in the Action Plan that was adopted when South Africa was greylisted in February 2023.

    Following the completion of the 22 action items in the Action Plan, the June 2025 FATF Plenary noted that South Africa’s progress warranted an on-site assessment to verify that critical AML/CFT reforms have been implemented, and that the necessary political commitment remains in place to sustain progress.

    “After the conclusion of the onsite visit, the FATF Africa Joint Group will submit a report to the October 2025 FATF Plenary, which will consider any recommendations from the report on whether South Africa can be delisted from the FATF greylist.

    “Deputy Ministers Masondo and Nel thanked the FATF Africa Joint Group for its collegial working relationship with the South African government delegation since the country’s greylisting in February 2023, and further assured the FATF Africa Joint Group that the South African government will continue actively partnering with the FATF Global network in preserving and advancing the integrity of the South African and global financial systems,” National Treasury said.

    Treasury will not be issuing further media statements or conducting interviews until the FATF Plenary concludes its next Plenary Meeting on 24 October 2025 and issues its post-plenary outcomes media statement. – SAnews.gov.za

    MIL OSI Africa –

    August 5, 2025

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

    Source: GlobeNewswire (MIL-OSI)

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

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

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

    Financial Highlights (reported in $ USD)

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

    Dividends

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

    Share Repurchase Program

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

    Conference Call

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

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

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

    About Patria

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

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

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

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

    Forward-Looking Statements

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

    Contact

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

    The MIL Network –

    August 5, 2025

  • MIL-OSI Asia-Pac: Hong Kong’s vibrant bar scene attracts highly anticipated cocktail bar to open in Hong Kong (with photos)

    Source: Hong Kong Government special administrative region – 4

    Invest Hong Kong (InvestHK) announced today (August 1) that Montana, the brainchild of two of the world’s most celebrated bartenders, Mr Lorenzo Antinori and Mr Simone Caporale, has officially opened its doors in Soho, Hong Kong. This exciting new venture brings together the creative genius behind Bar Leone, Asia’s Best Bar in 2025 and second in the World’s Best Bar 2024, and Sips, the third-ranked bar in the World’s Best Bar 2024, to create a unique experience for cocktail enthusiasts and trendsetters alike that promises to redefine the city’s nightlife.

    Associate Director-General of Investment Promotion at InvestHK Mr Arnold Lau said, “We are thrilled to support Montana’s arrival in Hong Kong. Hong Kong continues to attract world-class talent and innovative businesses, and Montana is a testament to our city’s dynamic and diverse hospitality scene. Mr Antinori and Mr Caporale are global leaders in mixology, and their decision to open Montana in Hong Kong reinforces our reputation as a world-class destination for dining and nightlife.”

    Mr Antinori said, “Hong Kong has always been a city that embraces innovation and creativity. Montana is our tribute to this dynamic city, where we aim to blend the best of global cocktail culture with a unique local twist. We are thrilled to be part of this exciting journey.”

    Mr Caporale added, “Montana represents a new chapter in our quest to elevate the bar experience. Hong Kong’s energy and diversity inspire us to push boundaries and create something truly extraordinary. We are proud to contribute to the city’s thriving bar scene.”

    Mr Antinori stressed that Montana is more than just a bar; it is an experience. Located in the heart of Hong Kong, the bar offers a meticulously crafted menu of cocktails that blend tradition with innovation. The ambiance, designed to reflect the city’s cosmopolitan spirit, provides the perfect setting for both intimate gatherings and lively celebrations.

    For more information about Montana, please visit www.instagram.com/montanabarhk.

    To download event photos, please visit: www.flickr.com/photos/investhk/albums/72177720328049749.

    MIL OSI Asia Pacific News –

    August 5, 2025

  • MIL-OSI Europe: Latvia to get solar-power boost as energy company Sunly receives almost €85 million international financing

    Source: European Investment Bank

    EIB

    Latvia is set to get more clean energy as a result of almost € 85 million in international financing for renewable-electricity provider Sunly. Estonia-based Sunly will use the loans from the European Investment Bank (EIB), the European Bank for Reconstruction and Development (EBRD) and SEB to build four solar parks in Latvia with total capacity of 329 megawatts (MW) – enough to meet the annual electricity consumption of up to 180,000 households.

    The project marks one of Latvia’s most ambitious renewable-energy initiatives to date and will accelerate the Baltic region’s shift to clean power while enhancing Latvia’s energy independence. The financing package includes loans of €35.2 million from the EIB, €35.2 million from the EBRD and €14.4 million from SEB.

    The solar parks are due to be completed by early 2027 and will be located near Matīši village in Valmiera Municipality (54 MW), in Dagda Parish, Krāslava Municipality (90 MW), near Barkava village in Madona Municipality (81 MW) and in Zirņi Parish, Saldus Municipality (104 MW).

    “Latvia’s bold push for hybrid solar infrastructure is exactly the kind of forward-looking investment Europe needs,” said EIB Vice-President Thomas Östros. “We are proud to support Sunly’s vision — not just to generate clean power, but to build energy systems that are resilient, flexible, and future-ready. This project is a blueprint for how we can accelerate the green transition while strengthening regional energy security.”

    While the scope of this financing will support the solar component, the broader ambition is to develop all sites as hybrid parks, by subsequently integrating wind energy and battery energy storage systems, aiming to ensure more stable electricity production, improve grid efficiency, and enhance energy security.

    “We’re pleased to build on our partnership with Sunly and support the development of new renewable energy capacity in Latvia,” said Grzegorz Zielinski, EBRD Head of Energy for Europe. “This marks an important step toward strengthening the Baltic region’s energy security and advancing its climate goals. We look forward to contributing our expertise to help scale up this capacity and support the green energy transition.”

    Latvia’s installed solar capacity reached approximately 660 MW at the end of 2024, more than doubling from 305 MW in 2023 and 100 MW in 2022. According to the long-term planning guidelines Energy Strategy Latvia 2050, solar capacity is projected to reach around 1.2 GW by 2030, gradually increasing to 2.0 GW in the baseline scenario by mid-century. Sunly’s large-scale solar projects are set to play a major role in achieving these targets.

    This financing is a significant step toward strengthening Latvia’s economy and energy supply,” said Toms Nāburgs, Sunly’s country manager for Latvia. “By developing large hybrid solar parks, we are not only increasing the country’s renewable energy production capacity but also enhancing energy security and driving economic growth in the regions. These parks will provide long-term benefits to local communities by supporting socially important projects and initiatives, as well as contributing to the country’s broader electrification and subsequent industrialization.

    The solar parks are financed on a non-recourse basis without relying on government subsidies or long-term power contracts and are designed to thrive in a competitive energy market. Sunly has built more than 300 MW of renewable-energy capacity in Estonia, Latvia and Poland over the past five years, with plans to add a further 700 MW over the next two years

    “SEB in the Baltics has been a financial partner for Sunly since 2019 and we are very proud to support company’s ambitious journey in Latvia with the state-of-the-art hybrid solar parks portfolio,” said Ints Krasts, Management Board member of SEB Latvia. “The solar capacities launched in 2027 will ensure diversity of energy sources and will strengthen energy independence of Latvia. This a signature cooperation for SEB Latvia as well as we are supporting it both as a lender and a hedge provider.”

    The project’s total cost is estimated at € 203.9 million, with Sunly providing € 119.1 million. The EIB and EBRD portion of the new financing for Sunly is backed by a guarantee under the InvestEU programme and promotes climate action and economic and social cohesion.

    Background information

    EIB Group

    The European Investment Bank (ElB) is the long-term lending institution of the European Union, owned by its Member States. Built around eight core priorities, the EIB finances investments that contribute to EU policy objectives by bolstering climate action and the environment, digitalisation and technological innovation, security and defence, cohesion, agriculture and the bioeconomy, social infrastructure, the capital markets union and a stronger Europe in a more peaceful and prosperous world.  

    The EIB Group, which also includes the European Investment Fund (EIF), signed nearly €89 billion in new financing for over 900 high-impact projects in 2024, boosting Europe’s competitiveness and security.    

    High-quality, up-to-date photos of the EIB Group’s headquarters for media use are available here. 

    About InvestEU programme

    The InvestEU programme provides the European Union with crucial long-term funding by leveraging substantial private and public funds in support of a sustainable recovery. It also helps mobilise private investments for the European Union’s policy priorities, such as the European Green Deal and the digital transition. The InvestEU programme brings together under one roof the multitude of EU financial instruments currently available to support investment in the European Union, making funding for investment projects in Europe simpler, more efficient and more flexible. The programme consists of three components: the InvestEU Fund, the InvestEU Advisory Hub and the InvestEU Portal. The InvestEU Fund is implemented through financial partners that will invest in projects using the EU budget guarantee of €26.2 billion. The entire budget guarantee will back the investment projects of the implementing partners, increase their risk-bearing capacity and thus mobilise at least €372 billion in additional investment. 

    Sunly  

    Sunly is a renewable energy producer, dedicated to developing and operating renewable energy projects across the Baltics and Poland, while also investing in startups in the electrification sector and selling 100% renewable electricity to consumers in Estonia. At the heart of Sunly’s mission is renewable energy production, playing a crucial role in achieving regional climate goals, energy security, and affordability.

    EBRD

    The EBRD is a multilateral bank that promotes the development of the private sector and entrepreneurial initiative in 36 economies across three continents. The Bank is owned by 79 countries, as well as the European Union and the European Investment Bank. EBRD investments are aimed at making the economies in its regions competitive, well governed, green, inclusive, resilient and integrated.

    SEB

    SEB is a leading northern European financial services group with international reach. We exist to positively shape the future with responsible advice and capital, today and for generations to come. By partnering with our customers, we want to be a leading catalyst in the transition to a more sustainable world. In Sweden and the Baltic countries, SEB offers financial advice and a wide range of financial services. In Denmark, Finland, Norway, Germany and the United Kingdom, we have a strong focus on corporate and investment banking based on a full-service offering to corporate and institutional clients. The international nature of SEB’s business is reflected in our presence in more than 20 countries worldwide, with around 19,100 employees. At 30 June 2025, the Group’s total assets amounted to SEK 4,110bn while assets under management totalled SEK 2,744bn. Read more about SEB Group at sebgroup.com and about SEB Latvia at: Homepage | SEB

    MIL OSI Europe News –

    August 5, 2025

  • MIL-OSI: Moonshot MAGAX Presale Goes Live — Built for Virality, Fueled by Community

    Source: GlobeNewswire (MIL-OSI)

    FREMONT, Calif., Aug. 01, 2025 (GLOBE NEWSWIRE) — After months of building behind the scenes, Moonshot MAGAX is opening the gates. We are pleased to announce the official launch of our token presale, offering early investors a rare opportunity to invest in a community-driven token with the potential for significant growth and virality.

    We’re building MAGAX for the culture, not just for the chart or hype.

    What Is MAGAX?

    Traditionally, memecoins are known to be a hyped token that quickly buzzes the entire ecosystem, then fade away after the hype subsides. Apart from this hype, memecoins are also perceived as unrealizable due to their rapid appreciation value among people.

    But that’s exactly the narrative Moonshot MAGAX is here to challenge.

    In a recent conversation with the Founder, CEO, and Creator of Moonshot MAGAX, Jatinder Pal Singh, he is rooted in experience, intention, and cultural relevance. JP is not your average crypto founder. He’s a visionary who sits at the intersection of AI, blockchain, and community. As a former senior leader at Apple, he helped shape products and AI systems that now define how millions interact with technology. Today, he brings that same level of product excellence and global mindset to Web3.

    A serial entrepreneur with a passion for empowering creators, JP’s mission is simple but bold: “elevate memes beyond entertainment and turn them into meaningful, monetizable assets.”

    His decision to leave Big Tech behind and go all-in on a culture-powered Web3 project speaks volumes. It shows that MAGAX wasn’t built out of hype but born out of the belief that memecoins could be more than a flash in the pan. They could represent a new form of creative and cultural capital.

    MAGAX, short for “MAKE ALT COIN GREAT AGAIN XPLOSION,” is the first AI-powered Meme-to-Earn token. It merges viral content mechanics with smart contract incentives and a reward system built around creators and the community.

    You’re not just investing when you engage with MAGAX. You’re stepping into a shift a transformation from memecoins as empty pumps to memecoins as real, functional tools for cultural expression and community-driven value.

    With AI-powered meme discovery, MAGAX can detect viral content automatically, inviting creators and community promoters to monetise effortlessly. And it doesn’t stop at payouts this is a system designed to drive ongoing cultural relevance, where the content that connects people also fuels the platform’s growth.

    And it’s not just for creators. This token isn’t creators’ alone, it is for:

    1. Investors & Holders: Acquire tokens early, stake for passive growth, and benefit from long-term platform growth.
    2. Early Adopters: Explore cutting-edge, decentralised AI-powered platforms early.
    3. Developers & Builders: Contribute actively in growing and nurturing MAGAX’s community and ecosystem.
    4. Viral Promoters: Share memes and grow reach across all social media platforms, get rewarded in MAGAX
    5. Web3 Enthusiasts: Engage directly with blockchain technology, decentralised governance, and staking rewards.

    Why Participate in the Pre-Sale?

    By participating in the presale, you will enjoy the following:

    1. Early Access, Low Price: MAGAX tokens are currently being offered at $0.00027 USDT per token, with a minimum purchase of $20. As the stages progress, this price has the potential to increase to $0.00061 or more.
    2. Token Utility with Real Rewards: With MAGAX tokens, you gain governance rights in the MAGAX DAO, the ability to license viral memes and advertisement spaces, and you can earn rewards for referring others.
    3. Vesting Mechanisms for Stability: To prevent rug pull after launch, only 20% of your presale tokens are unlocked on launch, with the remaining 80% vested over 12 months. This encourages long-term alignment, ecosystem health, as well as security.
    4. Built for Memes and Viral Culture: MAGAX uniquely rewards meme creators, early amplifiers, and community members based on real engagement driven by AI and on-chain transparency

    How to Participate in the Pre-sale?

    1. Visit MAGAX LaunchPad
    2. Connect your wallet using the available supported wallet options.
    3. Choose any coin of your choice to pay with, e.g ETH, USDT, BTC
    4. Enter the amount you’re buying
    5. Confirm and you’re in.

    Memes aren’t just jokes. They’re assets. And it’s time the people behind them get rewarded.

    Let’s preserve the culture. Let’s empower community growth

    Media Details

    Contact: Moonshot Magax

    Email: Support@moonshotmagax.com

    Website: https://www.moonshotmagax.com/

    Whitepaper: https://magax-dev-public-bucket.s3.us-east-1.amazonaws.com/pdfs/Whitepaper.pdf

    Telegram: https://t.me/moonshotmagax

    Twitter (X): https://x.com/moonshotmagax

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

    Legal Disclaimer: This media platform provides the content of this article on an “as-is” basis, without any warranties or representations of any kind, express or implied. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/5502a42b-8286-4a09-9c61-c57ff4fc9b26

    The MIL Network –

    August 5, 2025

  • MIL-OSI: WeTrade Marks 10th Anniversary with Global Campaign Upgrades and Rewards

    Source: GlobeNewswire (MIL-OSI)

    LIMASSOL, Cyprus, Aug. 01, 2025 (GLOBE NEWSWIRE) — WeTrade, the leading international financial broker, is celebrating its 10th anniversary with a global branding campaign, a domain name upgrade, expanded trading tools, and one of its biggest client reward programmes to date. 

    Since its founding in 2015, WeTrade has grown into a globally recognised trading platform serving a fast-expanding community of clients across multiple regions. This year’s anniversary campaign brings together everything the company stands for: performance, visibility, and appreciation. 

    WeTrade marked the milestone by lighting up three of the world’s most iconic skylines — Nasdaq Tower in New York, Leicester Square in London, and Victoria Harbour in Hong Kong — showcasing the brand on some of the largest LED billboards in global finance and culture. The campaign reinforced WeTrade’s position as a trusted international broker and highlighted its growing influence in the financial industry. 

    $100,000 Reward Campaign for Clients 

    Running from 1 to 31 August 2025, the “10 Years In Trust We Trade” campaign features significant incentives for both new and existing clients, terms and conditions apply: 

    New clients receive $2 cashback per standard lot traded, up to $100,000 in total giveaways. 

    Existing clients earn 2 Reward Points per lot, up to 100,000 points. 

    All clients who trade 25 standard lots within the campaign period can redeem a limited-edition Gold Note. 

    All clients stand a chance to win up to 3,000 Reward Points per spin on the Anniversary Lucky Wheel. 

    Major Brand Updates 

    In conjunction with the 10th anniversary celebration, WeTrade has also launched several important updates: 

    The official website has transitioned from wetradebroker.com to wetrade.com — reflecting a more streamlined and global digital identity. 

    MetaTrader 5 (MT5) is now available across mobile and desktop, providing traders with faster execution, deeper market data, more charting options, and multi-asset trading flexibility. 

    Built for the Future 

    WeTrade’s growth has been defined by its commitment to trust, client-first innovation, and strong partnerships. Over the years, the brand has earned multiple regulatory licences, industry recognition, and loyal client support — positioning it as a reliable partner for modern traders. 

    “Ten years ago, we made a promise to create a better trading experience. This 10th anniversary celebration belongs to all who put their trust in us. But we are just getting started,” said George Miltiadou, EU WeTrade’s CEO. 

    About WeTrade 
     
    WeTrade is a globally recognised financial broker, founded in 2015, offering innovative online trading services across a diverse range of CFD instruments. Known for its strong client protection, ultra-low spreads, and award-winning loyalty programs, WeTrade is dedicated to making trading both successful and rewarding. 

    Media Contact

    Organization: WeTrade

    Contact Person Name: CHONG PEI ZHOU

    Website: https://www.wetradebroker.com/

    Email: contactus@wetradebroker.com

    Disclaimer: This press release is provided by WeTrade. The statements, views, and opinions expressed in this content are solely those of the content provider and do not necessarily reflect the views of this media platform or its publisher. We do not endorse, verify, or guarantee the accuracy, completeness, or reliability of any information presented. This content is for informational purposes only and should not be considered financial, investment, or trading advice. Investing involves significant risks, including the potential loss of capital. Readers are strongly encouraged to conduct their own research and consult with a qualified financial advisor before making any investment decisions. Neither the media platform nor the publisher shall be held responsible for any fraudulent activities, misrepresentations, or financial losses arising from the content of this press release. In the event of any legal claims or charges against this article, we accept no liability or responsibility.

    Legal Disclaimer: This media platform provides the content of this article on an “as-is” basis, without any warranties or representations of any kind, express or implied. We do not assume any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information presented herein. Any concerns, complaints, or copyright issues related to this article should be directed to the content provider mentioned above.

    The MIL Network –

    August 5, 2025

  • MIL-OSI Asia-Pac: 16 persons arrested during anti-illegal worker operations (with photos)

    Source: Hong Kong Government special administrative region

    16 persons arrested during anti-illegal worker operations  
    During the anti-illegal worker operations, ImmD Task Force officers raided 128 target locations including industrial buildings, residential apartments and restaurants. Nine suspected illegal workers and one suspected employer were arrested. The arrested suspected illegal workers comprised seven men and two women, aged 27 to 55. Among them, one woman was a holder of a recognisance form, which prohibits her from taking any employment. One woman, aged 54, was suspected of employing the illegal worker and was also arrested.
     
         In addition, during operation “Twilight”, ImmD investigators found during a cyber patrol that a restaurant was allegedly offering dance and acrobatic performances by visitors. Investigators initiated an operation on July 28 immediately and arrested the suspects while they were performing at the restaurant. The arrested illegal workers comprised two men and four women, aged 20 to 25, all Mainland visitors.

    An ImmD spokesman said, “Any person who contravenes a condition of stay in force in respect of him or her shall be guilty of an offence. Also, visitors are not allowed to take employment in Hong Kong, whether paid or unpaid, without the permission of the Director of Immigration. Offenders are liable to prosecution and upon conviction face a maximum fine of $50,000 and up to two years’ imprisonment. Aiders and abettors are also liable to prosecution and penalties.”Issued at HKT 18:45

    NNNN

    CategoriesMIL-OSI

    MIL OSI Asia Pacific News –

    August 5, 2025

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

    Source: GlobeNewswire (MIL-OSI)

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

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

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

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

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

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

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

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

    Security and Compliance Features

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

    Tokenomics and Governance

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

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

    Conclusion

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

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

    More Information

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

    Contact
    LYNO AI
    contact@lyno.ai

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

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

    Photos accompanying this announcement are available at:
    https://www.globenewswire.com/NewsRoom/AttachmentNg/b7ae3892-27e9-467a-a66e-df466bc4fc56
    https://www.globenewswire.com/NewsRoom/AttachmentNg/110edcfe-f292-48f5-bdb9-ec9db188c4b1

    The MIL Network –

    August 5, 2025

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

    Source: GlobeNewswire (MIL-OSI)

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

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

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

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

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

    The MIL Network –

    August 5, 2025

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

    Source: GlobeNewswire (MIL-OSI)

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

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

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

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

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

    Operational Update

    The following table presents Adjusted EBITDA by segment:

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

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

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

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

    The following table presents Adjusted EFO4 by segment:

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

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

    Strategic Initiatives

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

    Liquidity

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

    Distribution

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

    Additional Information

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

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

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

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

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

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

    For more information, please contact:

    Conference Call and Quarterly Earnings Webcast Details

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

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

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

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

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

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

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

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

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

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

    Brookfield Business Corporation Reports Second Quarter 2025 Results
     

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

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

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

    Dividend

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

    Additional Information

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

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

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

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


    Cautionary Statement Regarding Forward-looking Statements and Information

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

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

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

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

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

    Cautionary Statement Regarding the Use of a Non-IFRS Measure

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

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

    The MIL Network –

    August 5, 2025

  • MIL-OSI: TransAlta Reports Strong Second Quarter 2025 Results, Advancement of Strategic Priorities and Reaffirms Guidance

    Source: GlobeNewswire (MIL-OSI)

    CALGARY, Alberta, Aug. 01, 2025 (GLOBE NEWSWIRE) — TransAlta Corporation (TransAlta or the Company) (TSX: TA) (NYSE: TAC) today reported its financial results for the second quarter ended June 30, 2025.

    “Our strong second quarter results illustrate the value of our diversified fleet and exceptional operational performance. Our Alberta portfolio’s hedging strategy and active asset optimization continued to generate realized prices well above spot prices while environmental credits generated by our hydro and wind assets significantly offset our gas fleet’s carbon price compliance obligation. While we continue to navigate a challenging Alberta price environment, our assets continue to perform well, and we remain confident in achieving our 2025 Outlook,” said John Kousinioris, President and Chief Executive Officer.

    “Our team remains focused on advancing our strategic priorities. We are pleased with the progress on our Alberta data centre strategy and the associated negotiations, which now reflect the Alberta Electric System Operator’s (AESO) approach to large load integration. The AESO currently expects Demand Transmission Service contracts to be executed in mid-September, which will secure each proponent’s access to system capacity. We continue to work closely with our counterparties and are progressing towards the execution of a data centre memorandum of understanding in relation to our system capacity allocation,” added Mr. Kousinioris.

    “Finally, we continue to progress negotiations on conversion opportunities at Centralia and are working towards executing a definitive agreement later this year with our customer for the full capacity of Centralia Unit 2.”

    Second Quarter 2025 Highlights

    • Achieved strong operational availability of 91.6 per cent in 2025, compared to 90.8 per cent in 2024
    • Adjusted EBITDA(1) of $349 million, compared to $316 million for the same period in 2024
    • Free Cash Flow (FCF)(1) of $177 million, or $0.60 per share, remained consistent with the same period in 2024
    • Adjusted earnings before income taxes(1) of $122 million, or $0.41 per share, compared to $112 million, or $0.37 per share, for the same period in 2024
    • Cash flow from operating activities of $157 million, or $0.53 per share, compared to $108 million, or $0.36 per share, from the same period in 2024
    • Net loss attributable to common shareholders(1) of $112 million, or $0.38 per share, compared to net earnings attributable to common shareholders of $56 million, or $0.18 per share, for the same period in 2024

    Second Quarter 2025 Operational and Financial Highlights

    $ millions, unless otherwise stated Three Months Ended Six Months Ended
    June 30,
    2025    		 June 30,
    2024    		 June 30,
    2025    		 June 30,
    2024
    Operational information        
    Availability (%) 91.6   90.8 93.3   91.5
    Production (GWh) 4,813   4,781 11,645   10,959
    Select financial information        
    Revenues 433   582 1,191   1,529
    Adjusted EBITDA(1) 349   316 619   658
    Adjusted earnings before income taxes(1) 122   112 150   256
    (Loss) earnings before income taxes (95 ) 94 (46 ) 361
    Adjusted net earnings after taxes attributable to common shareholders(1) 54   70 84   197
    Net (loss) earnings attributable to common shareholders (112 ) 56 (66 ) 278
    Cash flows        
    Cash flow from operating activities 157   108 164   352
    Funds from operations(1) 252   236 431   490
    Free cash flow(1) 177   177 316   398
    Per share        
    Adjusted net earnings attributable to common shareholders per share(1) 0.18   0.23 0.28   0.64
    Net (loss) earnings per share attributable to common shareholders, basic and diluted (0.38 ) 0.18 (0.22 ) 0.91
    Cash flow from operating activities per share 0.53   0.36 0.55   1.15
    Funds from operations per share(1) 0.85   0.78 1.45   1.60
    FCF per share(1) 0.60   0.58 1.06   1.30
    Dividends declared per common share —   0.06 0.07   0.06
    Weighted average number of common shares outstanding 297   303 297   306


    Segmented Financial Performance

    $ millions

    		 Three Months Ended Six Months Ended
    June 30,
    2025    		 June 30,
    2024    		 June 30,
    2025    		 June 30,
    2024
    Hydro 126   83   173   170  
    Wind and Solar 89   88   191   177  
    Gas 128   142   232   267  
    Energy Transition 19   2   56   29  
    Energy Marketing 26   39   47   78  
    Corporate (39 ) (38 ) (80 ) (63 )
    Total adjusted EBITDA(1)(2) 349   316   619   658  
    Adjusted earnings before income taxes(1) 122   112   150   256  
    (Loss) earnings before income taxes (95 ) 94   (46 ) 361  
    Adjusted net earnings attributable to common shareholders(1) 54   70   84   197  
    Net (loss) earnings attributable to common shareholders (112 ) 56   (66 ) 278  


    Key Business Developments

    Credit Facility Extension

    On July 16, 2025, the Company executed agreements to extend committed credit facilities totalling $2.1 billion with a syndicate of lenders. The revised agreements extend the maturity dates of the syndicated credit facility from June 30, 2028 to June 30, 2029 and the bilateral credit facilities from June 30, 2026 to June 30, 2027.

    Divestiture of Poplar Hill

    During the second quarter of 2025, the Company signed an agreement for the divestiture of the 48 MW Poplar Hill asset, as required by the consent agreement with the federal Competition Bureau and pursuant to the terms of the acquisition of Heartland Generation. Energy Capital Partners will be entitled to receive the proceeds from the sale of Poplar Hill, net of certain adjustments, following completion of the divestiture.

    Recontracting of Ontario Wind Facilities

    During the second quarter of 2025, the Company successfully recontracted its Melancthon 1, Melancthon 2 and Wolfe Island wind facilities through the Ontario Independent Electricity System Operator Five-Year Medium-Term 2 Energy Contract (MT2e). MT2e will replace current energy contracts for the three wind facilities when they expire, extending the contract dates until April 30, 2031, for Melancthon 1 and April 30, 2034, for Melancthon 2 and Wolfe Island.

    Normal Course Issuer Bid (NCIB)

    On May 27, 2025, the Company announced that it had received approval from the Toronto Stock Exchange to repurchase up to a maximum of 14 million common shares during the 12-month period that commenced May 31, 2025 and will terminate on May 30, 2026.

    On Feb. 19, 2025, the Company announced it was allocating up to $100 million to be returned to shareholders in the form of share repurchases.

    During the six months ended June 30, 2025, the Company purchased and cancelled a total of 1,932,800 common shares at an average price of $12.42 per common share, for a total cost of $24 million, including taxes.

    Conference call and webcast

    TransAlta will host a conference call and webcast at 9:00 a.m. MST (11:00 a.m. EST) today, August 1, 2025, to discuss our second quarter 2025 results. The call will begin with comments from John Kousinioris, President and Chief Executive Officer, and Joel Hunter, EVP Finance and Chief Financial Officer, followed by a question-and-answer period.

    Second Quarter 2025 Conference Call

    Webcast link: https://edge.media-server.com/mmc/p/zpy9addj

    To access the conference call via telephone, please register ahead of time using the call link here: https://register-conf.media-server.com/register/BI215de673b3704e0da46b2a02e0f35bb0. Once registered, participants will have the option of 1) dialing into the call from their phone (via a personalized PIN); or 2) clicking the “Call Me” option to receive an automated call directly to their phone.

    If you are unable to participate in the call, the replay will be accessible at https://edge.media-server.com/mmc/p/zpy9addj. A transcript of the broadcast will be posted on TransAlta’s website once it becomes available.

    Related Materials

    Related materials, including the consolidated financial statements and Management’s Discussion and Analysis (MD&A) will be available on the Investor Centre section of TransAlta’s website at https://transalta.com/investors/presentations-and-events/ and https://transalta.com/investors/results-reporting/ and have been filed under TransAlta Corporation’s profile on SEDAR+ at www.sedarplus.ca and with the U.S. Securities and Exchange Commission on EDGAR at www.sec.gov.

    Notes

    1. These items (Adjusted EBITDA, adjusted earnings (loss) before income taxes, adjusted net earnings (loss) after income taxes attributable to common shareholders, funds from operations, free cash flow, adjusted net earnings attributable to common shareholders per share, funds from operations (FFO) per share and free cash flow (FCF) per share) are non-IFRS measures, which are not defined, have no standardized meaning under IFRS and may not be comparable to similar measures presented by other issuers. Presenting these items from period to period provides management and investors with the ability to evaluate earnings (loss) trends more readily in comparison with prior periods’ results. Please refer to the Non-IFRS financial measures section of this earnings release for further discussion of these items, including, where applicable, reconciliations to measures calculated in accordance with IFRS.
    2. During the first quarter of 2025, our Adjusted EBITDA composition was amended to exclude the impact of realized gain (loss) on closed exchange positions and Australian interest income. Therefore, the Company has applied this composition to all previously reported periods. Refer to the Additional Non-IFRS and Supplementary Financial Measures section of this earnings release.

    Non-IFRS financial measures

    We use a number of financial measures to evaluate our performance and the performance of our business segments, including measures and ratios that are presented on a non-IFRS basis, as described below. Unless otherwise indicated, all amounts are in Canadian dollars and have been derived from our consolidated financial statements prepared in accordance with IFRS. We believe that these non-IFRS amounts, measures and ratios, read together with our IFRS amounts, provide readers with a better understanding of how management assesses results.

    Non-IFRS amounts, measures and ratios do not have standardized meanings under IFRS. They are unlikely to be comparable to similar measures presented by other companies and should not be viewed in isolation from, as an alternative to, or more meaningful than, our IFRS results.

    We calculate adjusted measures by adjusting certain IFRS measures for certain items we believe are not reflective of our ongoing operations in the period. Except as otherwise described, these adjusted measures are calculated on a consistent basis from period to period and are adjusted for specific items in each period, unless stated otherwise.

    Adjusted EBITDA

    Each business segment assumes responsibility for its operating results measured by adjusted EBITDA. Adjusted EBITDA is an important metric for management that represents our core operational results.

    During the first quarter of 2025, our adjusted EBITDA composition was amended to remove the impact of realized gain (loss) on closed exchange positions, which was included in adjusted EBITDA composition until the fourth quarter of 2024. The adjustment was intended to explain a timing difference between our internally and externally reported results and was useful at a time when markets were more volatile. The impact of realized gain (loss) on closed exchange positions was removed to simplify our reporting. Accordingly, the Company has applied this composition to all previously reported periods.

    During the first quarter of 2025, our adjusted EBITDA composition was amended to remove the impact of Australian interest income, which was included in adjusted EBITDA composition until the fourth quarter of 2024. Initially, on the commissioning of the South Hedland facility in July 2017, we prepaid approximately $74 million of electricity transmission and distribution costs. Interest income, which was recorded on the prepaid funds, was reclassified as a reduction in the transmission and distribution costs expensed each period to reflect the net cost to the business. The impact of Australian interest income was removed to simplify our reporting since the amounts were not material. Accordingly, the Company has applied this composition to all previously reported periods.

    Interest, taxes, depreciation and amortization are not included, as differences in accounting treatment may distort our core business results. In addition, certain reclassifications and adjustments are made to better assess results, excluding those items that may not be reflective of ongoing business performance. This presentation may facilitate the readers’ analysis of trends. The most directly comparable IFRS measure is earnings before income taxes.

    Adjusted Revenue

    Adjusted Revenues is Revenues (the most directly comparable IFRS measure) adjusted to exclude:

    The impact of unrealized mark-to-market gains or losses and unrealized foreign exchange gains or losses on commodity transactions.

    Certain assets that we own in Canada and Western Australia are fully contracted and recorded as finance leases under IFRS. We believe that it is more appropriate to reflect the payments we receive under the contracts as a capacity payment in our revenues instead of as finance lease income and a decrease in finance lease receivables.

    Revenues from the Planned Divestitures as they do not reflect ongoing business performance.

    Adjusted Fuel and Purchased Power

    Adjusted Fuel and Purchased Power is Fuel and Purchased Power (the most directly comparable IFRS measure) adjusted to exclude fuel and purchased power from the Planned Divestitures as it does not reflect ongoing business performance.

    Adjusted Gross Margin

    Adjusted gross margin is calculated as adjusted revenues less adjusted fuel and purchased power and carbon compliance costs, where adjustments to revenue or fuel and purchased power were applied as stated above. The Skookumchuck wind facility has been included on a proportionate basis in the Wind and Solar segment. The most directly comparable IFRS measure is gross margin in the consolidated statement of earnings.

    Adjusted OM&A

    Adjusted OM&A is OM&A (the most directly comparable IFRS measure) adjusted to exclude:

    Acquisition-related transaction and restructuring costs, mainly comprised of severance, legal and consultant fees as these do not reflect ongoing business performance.

    ERP integration costs representing planning, design and integration costs of upgrades to the existing ERP system as they represent project costs that do not occur on a regular basis, and therefore do not reflect ongoing performance.

    OM&A from the Planned Divestitures as it does not reflect ongoing business performance.

    Adjusted Net Other Operating Income

    Adjusted Net Other Operating Income is Net Other Operating Income (the most directly comparable IFRS measure) adjusted to exclude insurance recoveries related to the Kent Hills replacement costs of the tower collapse as these relate to investing activities and are not reflective of ongoing business performance.

    Adjustments to Earnings (Loss) in Addition to Interest, Taxes, Depreciation and Amortization

    • Fair value change in contingent consideration payable is not included as it is not reflective of ongoing business performance.
    • Asset impairment charges and reversals are not included as these are accounting adjustments that impact depreciation and amortization and do not reflect ongoing business performance.
    • Any gains or losses on asset sales or foreign exchange gains or losses are not included as these are not part of operating income.

    Adjustments for Equity-Accounted Investments

    • During the fourth quarter of 2020, we acquired a 49 per cent interest in the Skookumchuck wind facility, which is treated as an equity investment under IFRS and our proportionate share of the net earnings is reflected as equity income on the statement of earnings under IFRS. As this investment is part of our regular power-generating operations, we have included our proportionate share of adjusted EBITDA for the Skookumchuck wind facility in our total adjusted EBITDA. In addition, in the Wind and Solar adjusted results, we have included our proportionate share of revenues and expenses to reflect the full operational results of this investment. We have not included adjusted EBITDA of other equity-accounted investments in our total adjusted EBITDA as it does not represent our regular power-generating operations.

    Adjusted Earnings (Loss) before income taxes

    Adjusted earnings (loss) before income taxes represents segmented earnings (loss) adjusted for certain items that we believe do not reflect ongoing business performance and is an important metric for evaluating performance trends in each segment.

    For details of the adjustments made to earnings (loss) before income taxes (the most directly comparable IFRS measure) to calculate adjusted earnings (loss) before income taxes, refer to the Reconciliation of Non-IFRS Measures on a Consolidated Basis by Segment section of the MD&A.

    Adjusted Net Earnings (Loss) attributable to common shareholders

    Adjusted net earnings (loss) attributable to common shareholders represents net earnings (loss) attributable to common shareholders adjusted for specific reclassifications and adjustments and their tax impact, and is an important metric for evaluating performance. For details of the reclassifications and adjustments made to net earnings (loss) attributable to common shareholders (the most directly comparable IFRS measure), please refer to the reconciliation of net earnings (loss) to adjusted net earnings (loss) attributable to common shareholders in the Reconciliation of Non-IFRS Measures on a Consolidated Basis by Segment section of the MD&A.

    Adjusted Net Earnings (Loss) per common share attributable to common shareholders

    Adjusted net earning (loss) per common share attributable to common shareholders is calculated as adjusted net earnings (loss) attributable to common shareholders divided by a weighted average number of common shares outstanding during the period. The measure is useful in showing the earnings per common share for our core operational results as it excludes the impact of items that do not reflect an ongoing business performance. Adjusted net earnings (loss) attributable per common share is a non-IFRS ratio and the most directly comparable IFRS measure is net income (loss) per common share attributable to common shareholders. Refer to the reconciliation of earnings (loss) before income taxes to adjusted net earnings (loss) attributable to common shareholders in the Reconciliation of Non-IFRS Measures on a Consolidated Basis by Segment section of the MD&A.

    Funds From Operations (FFO)

    Represents a proxy for cash generated from operating activities before changes in working capital and provides the ability to evaluate cash flow trends in comparison with results from prior periods. FFO is calculated as cash flow from operating activities before changes in working capital and is adjusted for transactions and amounts that the Company believes are not representative of ongoing cash flows from operations.

    Free Cash Flow (FCF)

    Represents the amount of cash that is available to invest in growth initiatives, make scheduled principal debt repayments, repay maturing debt, pay common share dividends or repurchase common shares and provides the ability to evaluate cash flow trends in comparison with the results from prior periods. Changes in working capital are excluded so that FFO and FCF are not distorted by changes that we consider temporary in nature, reflecting, among other things, the impact of seasonal factors and timing of receipts and payments.

    Non-IFRS Ratios

    FFO per share, FCF per share and adjusted net debt to adjusted EBITDA are non-IFRS ratios that are presented in the MD&A. Refer to the Reconciliation of Cash Flow from Operations to FFO and FCF and Key Non-IFRS Financial Ratios sections of the MD&A for additional information.

    Net Interest Expense

    Net interest expense is calculated as total interest expense less total interest income and non-cash items. For detailed calculation refer to the table in the Reconciliation of Adjusted EBITDA to FFO and FCF section of this MD&A. Net Interest expense is a proxy for the actual cash interest paid that approximates the cash outflow in the FFO and FCF calculation. The most directly comparable IFRS measure is total interest expense.

    FFO per share and FCF per share

    FFO per share and FCF per share are calculated using the weighted average number of common shares outstanding during the period. FFO per share and FCF per share are non-IFRS ratios.

    Supplementary financial measures include available liquidity, carbon compliance per MWh, fuel cost per MWh, hedged power price average per MWh, realized foreign exchange loss, sustaining capital expenditures, the Alberta electricity portfolio metrics and unrealized foreign exchange loss (gain).

    Reconciliation of these non-IFRS financial measures to the most comparable IFRS measure are provided below.

    Reconciliation of Non-IFRS Measures on a Consolidated Basis by Segment

    The following table reflects adjusted EBITDA and adjusted earnings (loss) before income taxes by segment and provides reconciliation to earnings (loss) before income taxes for the three months ended June 30, 2025:

      Hydro Wind &
    Solar(1)    		 Gas Energy
    Transition    		 Energy
    Marketing    		 Corporate Total Equity-
    accounted
    investments(1)    		 Reclass
    adjustments    		 IFRS
    financials
    Revenues 129   59   204   73   38   (67 ) 436   (3 ) —   433  
    Reclassifications and adjustments:                  
    Unrealized mark-to-market (gain) loss 18   68   71   15   (2 ) —   170   —   (170 ) —  
    Decrease in finance lease receivable —   —   7   —   —   —   7   —   (7 ) —  
    Finance lease income —   2   3   —   —   —   5   —   (5 ) —  
    Revenues from Planned Divestitures —   —   (3 ) —   —   —   (3 ) —   3   —  
    Unrealized foreign exchange gain on commodity —   —   —   —   (2 ) —   (2 ) —   2   —  
    Adjusted revenue 147   129   282   88   34   (67 ) 613   (3 ) (177 ) 433  
    Fuel and purchased power 7   9   106   51   —   —   173   —   —   173  
    Reclassifications and adjustments:                    
    Fuel and purchased power related to Planned Divestitures —   —   (1 ) —   —   —   (1 ) —   1   —  
    Adjusted fuel and purchased power 7   9   105   51   —   —   172   —   1   173  
    Carbon compliance costs (recovery) —   1   (8 ) —   —   (67 ) (74 ) —   —   (74 )
    Adjusted gross margin 140   119   185   37   34   —   515   (3 ) (178 ) 334  
    OM&A 13   25   65   18   8   45   174   (1 ) —   173  
    Reclassifications and adjustments:                    
    OM&A related to Planned Divestitures —   —   (1 ) —   —   —   (1 ) —   1   —  
    ERP integration costs —   —   —   —   —   (6 ) (6 ) —   6   —  
    Acquisition-related transaction and restructuring costs —   —   —   —   —   (1 ) (1 ) —   1   —  
    Adjusted OM&A 13   25   64   18   8   38   166   (1 ) 8   173  
    Taxes, other than income taxes 1   5   5   —   —   1   12   —   —   12  
    Net other operating income —   —   (12 ) —   —   —   (12 ) —   —   (12 )
    Adjusted EBITDA(2) 126   89   128   19   26   (39 ) 349        
    Depreciation and amortization (8 ) (52 ) (74 ) (13 ) —   (4 ) (151 ) 1   —   (150 )
    Equity income —   —   —   —   —   —   —   —   1   1  
    Interest income —   —   —   —   —   7   7   (1 ) —   6  
    Interest expense —   —   —   —   —   (89 ) (89 ) 1   —   (88 )
    Realized foreign exchange gain —   —   —   —   —   6   6   —   —   6  
    Adjusted earnings (loss) before income taxes(2) 118   37   54   6   26   (119 ) 122        
    Reclassifications and adjustments above (18 ) (70 ) (80 ) (15 ) 4   (7 ) (186 )      
    Finance lease income —   2   3   —   —   —   5   —   —   5  
    Skookumchuk earnings reclass to Equity income(1) —   (1 ) —   —   —   1   —   —   —   —  
    Asset impairment charges —   —   —   (11 ) —   (2 ) (13 ) —   —   (13 )
    Unrealized foreign exchange loss —   —   —   —   —   (23 ) (23 ) —   —   (23 )
    Earnings (loss) before income taxes 100   (32 ) (23 ) (20 ) 30   (150 ) (95 ) —   —   (95 )
    1. The Skookumchuck wind facility has been included on a proportionate basis in the Wind and Solar segment.
    2. Adjusted EBITDA, adjusted earnings (loss) before income taxes are non-IFRS measures, are not defined, have no standardized meaning under IFRS and may not be comparable to similar measures presented by other issuers. Refer to the Additional Non-IFRS and Supplementary Financial Measures section of this earnings release.

    The following table reflects adjusted EBITDA and adjusted earnings (loss) before income taxes by segment and provides reconciliation to earnings (loss) before income taxes for the three months ended June 30, 2024:

      Hydro Wind &
    Solar(1)    		 Gas Energy
    Transition    		 Energy
    Marketing    		 Corporate Total Equity-
    accounted
    investments(1)    		 Reclass
    adjustments    		 IFRS
    financials
    Revenues 99   112   284   79   47   (34 ) 587   (5 ) —   582  
    Reclassifications and adjustments:                  
    Unrealized mark-to-market (gain) loss 1   8   10   (14 ) 1   —   6   —   (6 ) —  
    Decrease in finance lease receivable —   —   5   —   —   —   5   —   (5 ) —  
    Finance lease income —   2   2   —   —   —   4   —   (4 ) —  
    Unrealized foreign exchange gain on commodity —   —   (1 ) —   —   —   (1 ) —   1   —  
    Adjusted revenue 100   122   300   65   48   (34 ) 601   (5 ) (14 ) 582  
    Fuel and purchased power 3   8   97   46   —   —   154   —   —   154  
    Carbon compliance costs (recovery) —   —   26   —   —   (34 ) (8 ) —   —   (8 )
    Adjusted gross margin 97   114   177   19   48   —   455   (5 ) (14 ) 436  
    OM&A 13   24   42   15   9   42   145   (1 ) —   144  
    Reclassifications and adjustments:                  
    Acquisition-related transaction and restructuring costs —   —   —   —   —   (4 ) (4 ) —   4   —  
    Adjusted OM&A 13   24   42   15   9   38   141   (1 ) 4   144  
    Taxes, other than income taxes 1   4   3   2   —   —   10   (1 ) —   9  
    Net other operating income —   (2 ) (10 ) —   —   —   (12 ) —   —   (12 )
    Adjusted EBITDA(2)(3) 83   88   142   2   39   (38 ) 316   —   —   —  
    Depreciation and amortization (8 ) (47 ) (56 ) (15 ) (1 ) (5 ) (132 ) 1   —   (131 )
    Equity income —   —   —   —   —   1   1   —   2   3  
    Interest income —   —   —   —   —   8   8   —   —   8  
    Interest expense —   —   —   —   —   (80 ) (80 ) —   —   (80 )
    Realized foreign exchange loss(3) —   —   —   —   —   (1 ) (1 ) —   —   (1 )
    Adjusted earnings (loss) before income taxes(2) 75   41   86   (13 ) 38   (115 ) 112   —   —   —  
    Reclassifications and adjustments above (1 ) (10 ) (16 ) 14   (1 ) (4 ) (18 ) —   —   —  
    Finance lease income —   2   2   —   —   —   4   —   —   4  
    Skookumchuk earnings reclass to Equity income(1) —   (2 ) —   —   —   2   —   —   —   —  
    Asset impairment (charges) reversals —   (1 ) —   1   —   (5 ) (5 ) —   —   (5 )
    Gain on sale of assets and other(3) —   —   —   1   —   —   1   —   —   1  
    Unrealized foreign exchange loss(3) —   —   —   —   —   (1 ) (1 ) —   —   (1 )
    Earnings (loss) before income taxes 74   30   72   3   37   (122 ) 94   —   —   94  
    1. The Skookumchuck wind facility has been included on a proportionate basis in the Wind and Solar segment.
    2. Adjusted EBITDA, adjusted earnings (loss) before income taxes are non-IFRS measures, are not defined, have no standardized meaning under IFRS and may not be comparable to similar measures presented by other issuers. Refer to the Additional Non-IFRS and Supplementary Financial Measures section of this earnings release.
    3. During the first quarter of 2025, our Adjusted EBITDA composition was amended to exclude the impact of realized gain (loss) on closed exchange positions and Australian interest income. Therefore, the Company has applied this composition to all previously reported periods.

    The following table reflects adjusted EBITDA and adjusted earnings (loss) before income taxes by segment and provides reconciliation to earnings (loss) before income taxes for the six months ended June 30, 2025:

      Hydro Wind &
    Solar(1)    		 Gas Energy
    Transition    		 Energy
    Marketing    		 Corporate Total Equity-
    accounted
    investments(1)    		 Reclass
    adjustments    		 IFRS
    financials
    Revenues 215   166   594   227   65   (66 ) 1,201   (10 ) —   1,191  
    Reclassifications and adjustments:                  
    Unrealized mark-to-market (gain) loss (3 ) 104   39   14   (1 ) —   153   —   (153 ) —  
    Decrease in finance lease receivable —   1   14   —   —   —   15   —   (15 ) —  
    Finance lease income —   3   8   —   —   —   11   —   (11 ) —  
    Revenues from Planned Divestitures —   —   (7 ) —   —   —   (7 ) —   7   —  
    Unrealized foreign exchange gain on commodity —   —   —   —   (2 ) —   (2 ) —   2   —  
    Adjusted revenue 212   274   648   241   62   (66 ) 1,371   (10 ) (170 ) 1,191  
    Fuel and purchased power 11   19   269   149   —   2   450   —   —   450  
    Reclassifications and adjustments:                  
    Fuel and purchased power related to Planned Divestitures —   —   (3 ) —   —   —   (3 ) —   3   —  
    Adjusted fuel and purchased power 11   19   266   149   —   2   447   —   3   450  
    Carbon compliance costs (recovery) —   2   41   —   —   (68 ) (25 ) —   —   (25 )
    Adjusted gross margin 201   253   341   92   62   —   949   (10 ) (173 ) 766  
    OM&A 26   54   124   35   15   94   348   (2 ) —   346  
    Reclassifications and adjustments:                  
    OM&A related to Planned Divestitures —   —   (3 ) —   —   —   (3 ) —   3   —  
    ERP integration costs —   —   —   —   —   (10 ) (10 ) —   10   —  
    Acquisition-related transaction and restructuring costs —   —   —   —   —   (5 ) (5 ) —   5   —  
    Adjusted OM&A 26   54   121   35   15   79   330   (2 ) 18   346  
    Taxes, other than income taxes 2   10   10   1   —   1   24   —   —   24  
    Net other operating income —   (4 ) (22 ) —   —   —   (26 ) —   —   (26 )
    Reclassifications and adjustments:                  
    Insurance recovery —   2   —   —   —   —   2   —   (2 ) —  
    Adjusted net other operating income —   (2 ) (22 ) —   —   —   (24 ) —   (2 ) (26 )
    Adjusted EBITDA(2) 173   191   232   56   47   (80 ) 619        
    Depreciation and amortization (17 ) (105 ) (138 ) (28 ) (2 ) (9 ) (299 ) 3   —   (296 )
    Equity income —   —   —   —   —   (1 ) (1 ) —   4   3  
    Interest income —   —   —   —   —   12   12   (1 ) —   11  
    Interest expense —   —   —   —   —   (183 ) (183 ) 2   —   (181 )
    Realized foreign exchange gain —   —   —   —   —   2   2   —   —   2  
    Adjusted earnings (loss) before income taxes(2) 156   86   94   28   45   (259 ) 150        
    Reclassifications and adjustments above 3   (106 ) (60 ) (14 ) 3   (15 ) (189 )      
    Finance lease income —   3   8   —   —   —   11   —   —   11  
    Skookumchuk earnings reclass to Equity income(1) —   (4 ) —   —   —   4   —   —   —   —  
    Fair value change in contingent consideration payable —   —   34   —   —   —   34   —   —   34  
    Asset impairment (charges) reversals —   —   (34 ) 13   —   (7 ) (28 ) —   —   (28 )
    Loss on sale of assets and other —   —   —   —   —   (1 ) (1 ) —   —   (1 )
    Unrealized foreign exchange loss —   —   —   —   —   (23 ) (23 ) —   —   (23 )
    Earnings (loss) before income taxes 159   (21 ) 42   27   48   (301 ) (46 ) —   —   (46 )
    1. The Skookumchuck wind facility has been included on a proportionate basis in the Wind and Solar segment.
    2. Adjusted EBITDA, adjusted earnings (loss) before income taxes are non-IFRS measures, are not defined, have no standardized meaning under IFRS and may not be comparable to similar measures presented by other issuers. Refer to the Additional Non-IFRS and Supplementary Financial Measures section of this earnings release.

    The following table reflects adjusted EBITDA and adjusted earnings (loss) before income taxes by segment and provides reconciliation to earnings (loss) before income taxes for the six months ended June 30, 2024:

      Hydro Wind &
    Solar(1)    		 Gas Energy
    Transition    		 Energy
    Marketing    		 Corporate Total Equity-
    accounted
    investments(1)    		 Reclass
    adjustments    		 IFRS
    financials
    Revenues 211   251   717   296   99   (34 ) 1,540   (11 ) —   1,529  
    Reclassifications and adjustments:                  
    Unrealized mark-to-market (gain) loss (4 ) (13 ) (81 ) (20 ) (2 ) —   (120 ) —   120   —  
    Decrease in finance lease receivable —   1   9   —   —   —   10   —   (10 ) —  
    Finance lease income —   3   3   —   —   —   6   —   (6 ) —  
    Unrealized foreign exchange gain on commodity —   —   (2 ) —   —   —   (2 ) —   2   —  
    Adjusted revenue 207   242   646   276   97   (34 ) 1,434   (11 ) 106   1,529  
    Fuel and purchased power 9   17   239   212   —   —   477   —   —   477  
    Carbon compliance costs (recovery) —   —   66   —   —   (34 ) 32   —   —   32  
    Adjusted gross margin 198   225   341   64   97   —   925   (11 ) 106   1,020  
    OM&A 26   44   88   33   19   70   280   (2 ) —   278  
    Reclassifications and adjustments:                  
    Acquisition-related transaction and restructuring costs —   —   —   —   —   (7 ) (7 ) —   7   —  
    Adjusted OM&A 26   44   88   33   19   63   273   (2 ) 7   278  
    Taxes, other than income taxes 2   8   6   2   —   —   18   (1 ) —   17  
    Net other operating income —   (4 ) (20 ) —   —   —   (24 ) —   —   (24 )
    Adjusted EBITDA(2)(3) 170   177   267   29   78   (63 ) 658        
    Depreciation and amortization (15 ) (90 ) (111 ) (31 ) (2 ) (9 ) (258 ) 3   —   (255 )
    Equity income —   —   —   —   —   (1 ) (1 ) —   5   4  
    Interest income —   —   —   —   —   15   15   —   —   15  
    Interest expense —   —   —   —   —   (149 ) (149 ) —   —   (149 )
    Realized foreign exchange loss(4) —   —   —   —   —   (9 ) (9 ) —   —   (9 )
    Adjusted earnings (loss) before income taxes(2) 155   87   156   (2 ) 76   (216 ) 256        
    Reclassifications and adjustments above 4   9   71   20   2   (7 ) 99        
    Finance lease income —   3   3   —   —   —   6   —   —   6  
    Skookumchuk earnings reclass to Equity income(1) —   (5 ) —   —   —   5   —   —   —   —  
    Asset impairment (charges) reversals —   (5 ) —   4   —   (5 ) (6 ) —   —   (6 )
    Gain on sale of assets and other(4) —   —   —   1   —   2   3   —   —   3  
    Unrealized foreign exchange gain(4) —   —   —   —   —   3   3   —   —   3  
    Earnings (loss) before income taxes 159   89   230   23   78   (218 ) 361   —   —   361  
    1. The Skookumchuck wind facility has been included on a proportionate basis in the Wind and Solar segment.
    2. Adjusted EBITDA, adjusted earnings (loss) before income taxes are non-IFRS measures, are not defined, have no standardized meaning under IFRS and may not be comparable to similar measures presented by other issuers. Refer to the Additional Non-IFRS and Supplementary Financial Measures section of this earnings release.
    3. During the first quarter of 2025, our Adjusted EBITDA composition was amended to exclude the impact of realized gain (loss) on closed exchange positions and Australian interest income. Therefore, the Company has applied this composition to all previously reported periods.

    Reconciliation of Earnings Before Income Taxes to Adjusted Net Earnings attributable to common shareholders

    The following table reflects reconciliation of (loss) earnings before income taxes to adjusted net earnings attributable to common shareholders for the three and six months ended June 30, 2025 and June 30, 2024:

      Three months ended
    June 30    		 Six months ended
    June 30
      2025   2024   2025   2024  
    (Loss) earnings before income taxes (95 ) 94   (46 ) 361  
    Income tax expense 11   28   18   57  
    Net (loss) earnings (106 ) 66   (64 ) 304  
    Net (loss) earnings attributable to non-controlling interests (7 ) (3 ) (11 ) 13  
    Preferred share dividends 13   13   13   13  
    Net (loss) earnings attributable to common shareholders (112 ) 56   (66 ) 278  
    Adjustments and reclassifications (pre-tax):        
    Adjustments and reclassifications to Revenues 177   14   170   (106 )
    Adjustments and reclassifications to Fuel and purchased power 1   —   3   —  
    Adjustments and reclassifications to OM&A 8   4   18   7  
    Adjustments and reclassifications to Net other operating income —   —   (2 ) —  
    Fair value change in contingent consideration payable (gain) —   —   (34 ) —  
    Finance lease income (5 ) (4 ) (11 ) (6 )
    Asset impairment charges 13   5   28   6  
    Loss (gain) on sale of assets and other —   (1 ) 1   (3 )
    Unrealized foreign exchange loss (gain)(1) 23   —   23   (3 )
    Calculated tax (expense) recovery on adjustments and reclassifications(2) (51 ) (4 ) (46 ) 24  
    Adjusted net earnings attributable to common shareholders(3) 54   70   84   197  
    Weighted average number of common shares outstanding in the period 297   303   297   306  
    Net (loss) income per common share attributable to common shareholders (0.38 ) 0.18   (0.22 ) 0.91  
    Adjustments and reclassifications (net of tax) 0.56   0.05   0.50   (0.26 )
    Adjusted net earnings per common share attributable to common shareholders(3) 0.18   0.23   0.28   0.64  
    1. Unrealized foreign exchange (loss) gain is a supplementary financial measure. Refer to the Additional Non-IFRS and Supplementary Financial Measures section of this MD&A for more details.
    2. Represents a theoretical tax calculated by applying the Company’s consolidated effective tax rate of 23.3 per cent for the three and six months ended June 30, 2025 (three and six months ended June 30, 2024 — 23.3 per cent). The amount does not take into account the impact of different tax jurisdictions the Company’s operations are domiciled and does not include the impact of deferred taxes.
    3. Adjusted net earnings attributable to common shareholders and Adjusted net earnings per common share attributable to common shareholders are non-IFRS measures, are not defined, have no standardized meaning under IFRS and may not be comparable to similar measures presented by other issuers. The most directly comparable IFRS measures are net earnings attributable to common shareholders and net earnings per share attributable to common shareholders, basic and diluted. Refer to the Non-IFRS financial measures section in this earnings release for more details.

    Reconciliation of cash flow from operations to FFO and FCF

    The table below reconciles our cash flow from operating activities to our FFO and FCF:

      Three months ended
    June 30    		 Six months ended
    June 30
      2025   2024   2025   2024  
    Cash flow from operating activities(1) 157   108   164   352  
    Change in non-cash operating working capital balances 81   114   198   107  
    Cash flow from operations before changes in working capital 238   222   362   459  
    Adjustments        
    Share of adjusted FFO from joint venture(1) 1   2   3   4  
    Decrease in finance lease receivable 7   5   15   10  
    Clean energy transition provisions and adjustments —   2   —   2  
    Brazeau penalties payment —   —   33   —  
    Acquisition-related transaction and restructuring costs 2   4   8   7  
    Other(2) 4   1   10   8  
    FFO(3) 252   236   431   490  
    Deduct:        
    Sustaining capital expenditures(1) (57 ) (40 ) (80 ) (40 )
    Dividends paid on preferred shares (13 ) (13 ) (26 ) (26 )
    Distributions paid to subsidiaries’ non-controlling interests (2 ) (5 ) (2 ) (24 )
    Principal payments on lease liabilities —   (1 ) (1 ) (2 )
    Other (3 ) —   (6 ) —  
    FCF(3) 177   177   316   398  
    Weighted average number of common shares outstanding in the period 297   303   297   306  
    Cash flow from operating activities per share 0.53   0.36   0.55   1.15  
    FFO per share(3) 0.85   0.78   1.45   1.60  
    FCF per share(3) 0.60   0.58   1.06   1.30  
    1. Includes our share of amounts for the Skookumchuck wind facility, an equity-accounted joint venture.
    2. Other consists of production tax credits, which is a reduction to tax equity debt, less distributions from an equity-accounted joint venture.
    3. These items are not defined and have no standardized meaning under IFRS and may not be comparable to similar measures presented by other issuers. During the first quarter of 2025, our Adjusted EBITDA composition was amended to exclude the impact of realized gain (loss) on closed exchange positions and Australian interest income. Therefore, the Company has applied this composition to all previously reported periods. Refer to the Non-IFRS financial measures and other specified financial measures section in this earnings release.

    The table below provides a reconciliation of our adjusted EBITDA to our FFO and FCF:

      Three months ended
    June 30    		 Six months ended
    June 30
    $ millions, unless otherwise stated 2025   2024   2025   2024  
    Adjusted EBITDA(1)(5) 349   316   619   658  
    Provisions (2 ) 6   6   6  
    Net interest expense(2) (66 ) (57 ) (138 ) (105 )
    Current income tax expense (46 ) (33 ) (59 ) (60 )
    Realized foreign exchange gain (loss)(3) 4   (1 ) 2   (9 )
    Decommissioning and restoration costs settled (11 ) (12 ) (20 ) (19 )
    Other non-cash items 24   17   21   19  
    FFO(4)(5) 252   236   431   490  
    Deduct:        
    Sustaining capital expenditures(3)(5) (57 ) (40 ) (80 ) (40 )
    Dividends paid on preferred shares (13 ) (13 ) (26 ) (26 )
    Distributions paid to subsidiaries’ non-controlling interests (2 ) (5 ) (2 ) (24 )
    Principal payments on lease liabilities —   (1 ) (1 ) (2 )
    Other (3 ) —   (6 ) —  
    FCF(4)(5) 177   177   316   398  
    1. Adjusted EBITDA is defined in the Additional IFRS Measures and Non-IFRS Measures of this earnings release and reconciled to earnings (loss) before income taxes above. During the first quarter of 2025, our Adjusted EBITDA composition was amended to exclude the impact of realized gain (loss) on closed exchange positions and Australian interest income. Therefore, the Company has applied this composition to all previously reported periods.
    2. Net interest expense is a non-IFRS measure, is not defined and has no standardized meaning under IFRS and may not be comparable to similar measures presented by other issuers. Refer to the table below for detailed calculation.
    3. Supplementary financial measure. Refer to the Additional Non-IFRS and Supplementary Financial Measures section of this earnings release.
    4. These items are not defined and have no standardized meaning under IFRS and may not be comparable to similar measures presented by other issuers. FFO and FCF are defined in the Non-IFRS financial measures and other specified financial measures section in this earnings release and reconciled to cash flow from operating activities above.
    5. Includes our share of amounts for Skookumchuck wind facility, an equity-accounted joint venture.

    Net interest expense in the reconciliation of our adjusted EBITDA to our FFO and FCF is calculated as follows:

      Three months ended
    June 30    		 Six months ended
    June 30
      2025   2024   2025   2024  
    Interest expense 88   80   181   149  
    Less: Interest Income (6 ) (8 ) (11 ) (15 )
    Less: non-cash items(1) (16 ) (15 ) (32 ) (29 )
    Net Interest Expense 66   57   138   105  
    1. Non-cash items include accretion of provisions, financing cost amortization and other non-cash items.

    TransAlta is in the process of filing its unaudited interim Consolidated Financial Statements and accompanying notes, as well as the associated Management’s Discussion & Analysis (MD&A). These documents will be available today on the Investors section of TransAlta’s website at www.transalta.com or through SEDAR at www.sedarplus.ca.

    About TransAlta Corporation:

    TransAlta owns, operates and develops a diverse fleet of electrical power generation assets in Canada, the United States and Australia with a focus on long-term shareholder value. TransAlta provides municipalities, medium and large industries, businesses and utility customers with affordable, energy efficient and reliable power. Today, TransAlta is one of Canada’s largest producers of wind power and Alberta’s largest producer of thermal generation and hydro-electric power. For over 114 years, TransAlta has been a responsible operator and a proud member of the communities where we operate and where our employees work and live. TransAlta aligns its corporate goals with the UN Sustainable Development Goals and the Future-Fit Business Benchmark, which also defines sustainable goals for businesses. Our reporting on climate change management has been guided by the International Financial Reporting Standards (IFRS) S2 Climate-related Disclosures Standard and the Task Force on Climate-related Financial Disclosures (TCFD) recommendations. TransAlta has achieved a 70 per cent reduction in GHG emissions or 22.7 million tonnes CO2e since 2015 and received an upgraded MSCI ESG rating of AA.

    For more information about TransAlta, visit our web site at transalta.com.

    Cautionary Statement Regarding Forward-Looking Information

    This news release includes “forward-looking information,” within the meaning of applicable Canadian securities laws, and “forward-looking statements,” within the meaning of applicable United States securities laws, including the Private Securities Litigation Reform Act of 1995 (collectively referred to herein as “forward-looking statements”). Forward-looking statements are not facts, but only predictions and generally can be identified by the use of statements that include phrases such as “may”, “will”, “can”, “could”, “would”, “shall”, “believe”, “expect”, “estimate”, “anticipate”, “intend”, “plan”, “forecast”, “foresee”, “potential”, “enable”, “continue” or other comparable terminology. These statements are not guarantees of our future performance, events or results and are subject to risks, uncertainties and other important factors that could cause our actual performance, events or results to be materially different from those set out in or implied by the forward-looking statements. In particular, this news release contains forward-looking statements about the following, among other things: the strategic objectives of the Company and that the execution of the Company’s strategy will realize value for shareholders; our capital allocation and financing strategy; our sustainability goals and targets, including those in our 2024 Sustainability Report; our 2025 Outlook; our financial and operational performance, including our hedge position; optimizing and diversifying our existing assets; the increasingly contracted nature of our fleet; expectations about strategies for growth and expansion; data centre opportunities, including the AESO’s expectation around the timing of execution of Demand Transmission Service contracts and entering into a data centre memorandum of understanding; opportunities for Centralia redevelopment, including the execution of a definitive agreement with our customer for the full capacity of Centralia Unit 2; expectations regarding ongoing and future transactions, including the sale of Poplar Hill; expected costs and schedules for planned projects; expected regulatory processes and outcomes, including in relation to the Alberta restructured energy market; the completion and closing of acquisition and divestiture transactions which are subject to customary closing terms and conditions, the power generation industry and the supply and demand of electricity; the cyclicality of our business; expected outcomes with respect to legal proceedings; the expected impact of future tax and accounting changes; and expected industry, market and economic conditions.

    The forward-looking statements contained in this news release are based on many assumptions including, but not limited to, the following: no significant changes to applicable laws and regulations; no unexpected delays in obtaining required regulatory approvals; no material adverse impacts to investment and credit markets; no significant changes to power price and hedging assumptions; no significant changes to gas commodity price assumptions and transport costs; no significant changes to interest rates; no significant changes to the demand and growth of renewables generation; no significant changes to the integrity and reliability of our facilities; no significant changes to the Company’s debt and credit ratings; no unforeseen changes to economic and market conditions; no significant event occurring outside the ordinary course of business; and realization of expected impacts from ongoing and future transactions.

    These assumptions are based on information currently available to TransAlta, including information obtained from third-party sources. Actual results may differ materially from those predicted. Factors that may adversely impact what is expressed or implied by forward-looking statements contained in this news release include, but are not limited to: fluctuations in power prices; changes in supply and demand for electricity; our ability to contract our electricity generation for prices that will provide expected returns; our ability to replace contracts as they expire; risks associated with development projects and acquisitions; failure to complete divestitures on the terms and conditions specified or at all; any difficulty raising needed capital in the future on reasonable terms or at all; our ability to achieve our targets relating to ESG; long-term commitments on gas transportation capacity that may not be fully utilized over time; changes to the legislative, regulatory and political environments; environmental requirements and changes in, or liabilities under, these requirements; operational risks involving our facilities, including unplanned outages and equipment failure; disruptions in the transmission and distribution of electricity; reductions in production; impairments and/or writedowns of assets; adverse impacts on our information technology systems and our internal control systems, including increased cybersecurity threats; commodity risk management and energy trading risks; reduced labour availability and ability to continue to staff our operations and facilities; disruptions to our supply chains; climate-change related risks; reductions to our generating units’ relative efficiency or capacity factors; general economic risks, including deterioration of equity and debt markets, increasing interest rates or rising inflation; general domestic and international economic and political developments, including potential trade tariffs; industry risk and competition; counterparty credit risk; inadequacy or unavailability of insurance coverage; increases in the Company’s income taxes and any risk of reassessments; legal, regulatory and contractual disputes and proceedings involving the Company; reliance on key personnel; and labour relations matters.

    The foregoing risk factors, among others, are described in further detail under the heading “Governance and Risk Management” in the MD&A, which section is incorporated by reference herein.

    Readers are urged to consider these factors carefully when evaluating the forward-looking statements and are cautioned not to place undue reliance on them. The forward-looking statements included in this news release are made only as of the date hereof and we do not undertake to publicly update these forward-looking statements to reflect new information, future events or otherwise, except as required by applicable laws. The purpose of the financial outlooks contained herein is to give the reader information about management’s current expectations and plans and readers are cautioned that such information may not be appropriate for other purposes.

    Note: All financial figures are in Canadian dollars unless otherwise indicated.

    For more information:

    Investor Inquiries: Media Inquiries:
    Phone: 1-800-387-3598 in Canada and U.S. Phone: 1-855-255-9184
    Email: investor_relations@transalta.com Email: ta_media_relations@transalta.com

    The MIL Network –

    August 5, 2025

  • MIL-OSI: HTX Hot Listings Weekly Recap (July 21 – 28): SOL Memes & ETH DeFi Drive Market Surge, New Assets on HTX Post Impressive  Gains

    Source: GlobeNewswire (MIL-OSI)

    HTX Hot Listings Weekly Recap

    PANAMA CITY, Aug. 01, 2025 (GLOBE NEWSWIRE) — HTX, a leading global crypto exchange, reported robust performance from newly listed assets during the week of July 21 to July 28. Amid ongoing regulatory discussions and evolving technological narratives across the global crypto landscape, HTX’s new listings saw notable growth, driven primarily by the Solana meme coin and Ethereum DeFi ecosystems. Several assets posted market-leading gains, delivering substantial wealth effects for users.

    Solana Meme Mania: VINE and ANI Take the Spotlight

    Solana’s meme coin segment stood out with the strongest performance. Known for their vibrant communities and low barriers to entry, meme coins are often highly volatile and driven by market sentiment. The recent surge reflected both Solana’s high-performance, low-cost infrastructure and investors’ growing appetite for fresh narratives.

    • Vine Coin (VINE): Exploded with a 234% increase this week. Vine, originally a-popular short video sharing platform launched in 2012, quickly amassed a massive user base before being shut down by its parent company, Twitter (now X), in 2017. However, on January 18, 2025, Elon Musk announced he was “considering” VINE’s return, leading to a significant rally for the meme coin launched by VINE’s CEO, @rus.
    • Ani Grok Companion (ANI): Jumped 196%. This AI-focused token blends “gooning” memes with the Grok character, linked to xAI and Elon Musk, creating a unique blend of trending AI topics and playful community engagement.
    • Pudgy Penguins (PENGU): Continued its strong momentum with a 38% increase. PENGU generates revenue through a wide array of toys and merchandise, now available at major retailers such as Walmart and Target. Notably, it’s the first crypto-native brand to break into these mass retail markets, highlighting its lasting market appeal and status as a stable representative within the Meme asset space.

    BSC Ecosystem Flourishes: DONKEY and LISTA Rise

    Outside the Solana Meme frenzy, the BNB Smart Chain (BSC) ecosystem also excelled with impressive performances.

    • DONKEY: A rising star in the BSC Meme sector, recorded an astounding 164% gain. This highlights the BSC community’s ongoing enthusiasm for lighthearted, community-driven assets.  The meme itself originated from CZ’s playful post, “I am a donkey”—a symbol of diligence in Chinese culture, representing those who work hard.
    •  Lista DAO (LISTA): A prominent BSC DeFi asset, rose by 83%. Lista DAO is a decentralized stablecoin lending protocol powered by LSDfi. It allows users to stake, liquid stake, and borrow lisUSD against various decentralized collateral. Lista aims to make lisUSD a leading stablecoin in the crypto space through innovative liquid staking solutions.

    ETH DeFi and RWA Narratives Heat Up: SPK Shines

    The Ethereum DeFi sector also had a strong week, with established blue-chip projects and emerging ventures rebounding. Additionally, investment interest in the Real World Assets (RWA) sector accelerated, driven by the rising trend of tokenizing traditional financial assets.

    • Spark (SPK): Topped this ecosystem’s gainers, up 125%. Spark is an on-chain capital allocator that has deployed $3.86 billion across DeFi, CeFi, and RWA sectors. It significantly boosts capital efficiency by automatically and dynamically adjusting asset allocation based on market conditions, all while maintaining a cautious risk profile.
    • RESOLV surged 37%, Maple Finance (SYRUP) rose 33%, and Convex Finance (CVX) gained 32%, all posting notable increases. Established projects like CVX benefited from the anticipated restructuring of the Curve ecosystem, while newer assets such as SYRUP and RESOLV saw momentum driven by changes to liquidity mining and incentive mechanisms.
    • Ethena (ENA), an RWA project, climbed 34%. Ethena is a synthetic dollar protocol built on Ethereum, designed to offer a crypto-native currency solution that operates independently of traditional banking system infrastructure.

    HTX Hot Token Listing Winners

    New Asset Performance Underscores Platform’s Wealth-Generating Potential

    Overall, wealth generation on HTX remain pronounced this week, driven by hot narratives and multi-ecosystem synergy. Ten assets on HTX surged by over 30%, with five exceeding 50% gains. The combined momentum from hot SOL Meme assets and the resurgence of the ETH DeFi ecosystem undeniably reinforced HTX’s reputation for generating significant wealth for its users.

    As the global crypto market narratives continue to evolve, Meme culture, DeFi innovation, and RWA applications will remain crucial growth engines to watch. Looking ahead, HTX is committed to continually deepening its industry-leading foresight, empowering users to participate in popular sectors at the earliest opportunity and capitalize on industry dividends. HTX will stand by its global users, helping them navigate market fluctuations and uncover new opportunities in every cycle.

    About HTX

    Founded in 2013, HTX（formerly Huobi）has evolved from a virtual asset exchange into a comprehensive ecosystem of blockchain businesses that span digital asset trading, financial derivatives, research, investments, incubation, and other businesses.

    As a world-leading gateway to Web3, HTX harbors global capabilities that enable it to provide users with safe and reliable services. Adhering to the growth strategy of “Global Expansion, Thriving Ecosystem, Wealth Effect, Security & Compliance,” HTX is dedicated to providing quality services and values to virtual asset enthusiasts worldwide.

    To learn more about HTX, please visit https://www.htx.com/ or HTX Square, and follow HTX on X, Telegram, and Discord. For further inquiries, please contact glo-media@htx-inc.com.

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

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

    Photos accompanying this announcement are available at:

    https://www.globenewswire.com/NewsRoom/AttachmentNg/53598de3-a556-4050-b5e9-5e55e765674e

    https://www.globenewswire.com/NewsRoom/AttachmentNg/b011ab4d-49de-4c9e-9a63-f40d562611e4

    The MIL Network –

    August 5, 2025

  • MIL-OSI Russia: Financial news: On changes in additional conditions for trading for units of the ZPIF “AAA – Dostoyanie” (RU000A10AQT4) from August 4, 2025

    Translation. Region: Russian Federal

    Source: Moscow Exchange – Moscow Exchange –

    An important disclaimer is at the bottom of this article.

    In accordance with the Rules for conducting trading on the stock market, deposit market and credit market of the Public Joint-Stock Company Moscow Exchange MICEX-RTS, from August 4, 2025, for investment units of the Closed Combined Mutual Investment Fund AAA – Dostoyanie (trading code – RU000A10AQT4, ISIN – RU000A10AQT4) managed by AAA Capital Management JSC in the trading modes of the Stock Market Section with settlements in rubles, the price step size is set at 0.001 rubles.

    Contact information for media 7 (495) 363-3232Pr@moex.kom

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

    .

    MIL OSI Russia News –

    August 5, 2025

  • MIL-OSI Russia: China clarifies rules for tax breaks on reinvested dividends for foreign investors

    Translation. Region: Russian Federal

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

    An important disclaimer is at the bottom of this article.

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

    BEIJING, Aug. 1 (Xinhua) — China’s General Administration of Taxation (GATT) has released detailed rules for foreign investors to claim tax breaks on reinvested dividends, providing operational guidance on the preferential tax treatment under the newly unveiled policy measures.

    In June this year, the Ministry of Finance, the State Tax Administration and the Ministry of Commerce of the People’s Republic of China announced that they would provide foreign investors with a 10 percent corporate income tax rebate on direct domestic investment financed by dividends from profits of enterprises resident in the People’s Republic of China.

    The benefit, which will be in effect from January 1, 2025, to December 31, 2028, will allow unused tax credits to be carried forward to a later date and allow lower rates to be applied under applicable tax treaties.

    According to a notice issued by the State Tax Service on Thursday, profits used to make additional contributions to subscribed authorized capital or to increase paid-in capital or capital reserves qualify as reinvestment.

    The agency’s notice also explains the scope of this tax incentive, including the definition of the time period for reinvestment, the method for calculating the tax credit amount, and the procedures for foreign investors to receive tax incentives.

    Notably, China offers tax incentives to encourage overseas investment. In 2024, the preferential policy of temporarily exempting foreign investors from paying taxes on certain types of profits led to a rapid increase in foreign reinvestment in China, according to previously published data from the State Tax Inspectorate of China. -0-

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

    .

    MIL OSI Russia News –

    August 5, 2025

  • MIL-OSI: Kayne Anderson Energy Infrastructure Fund Announces Distribution of $0.08 per Share for August 2025

    Source: GlobeNewswire (MIL-OSI)

    HOUSTON, Aug. 01, 2025 (GLOBE NEWSWIRE) — Kayne Anderson Energy Infrastructure Fund, Inc. (the “Company”) announced today a monthly distribution of $0.08 per share for August 2025. This distribution is payable to common stockholders on August 29, 2025 (as outlined in the table below).

    The Company declares distributions on a monthly basis, with its next distribution expected to be declared in early September. Payment of future distributions is subject to the approval of the Company’s Board of Directors, as well as meeting the covenants on the Company’s debt agreements and the terms of its preferred stock.

    Record Date / Ex-Date Payment Date Distribution Amount Return of Capital Estimate
    8/15/25 8/29/25 $0.08 30%(1)


    (1)   This estimate is based on the Company’s anticipated earnings and profits. The final determination of the tax character of distributions will not be determinable until after the end of fiscal 2025 and may differ substantially from this preliminary information.

    Kayne Anderson Energy Infrastructure Fund, Inc. (NYSE: KYN) is a non-diversified, closed-end management investment company registered under the Investment Company Act of 1940, as amended, whose common stock is traded on the NYSE. The Company’s investment objective is to provide a high after-tax total return with an emphasis on making cash distributions to stockholders. KYN intends to achieve this objective by investing at least 80% of its total assets in securities of Energy Infrastructure Companies. See Glossary of Key Terms in the Company’s most recent quarterly report for a description of these investment categories and the meaning of capitalized terms.

    The Company pays cash distributions to common stockholders at a rate that may be adjusted from time to time. Distribution amounts are not guaranteed and may vary depending on a number of factors, including changes in portfolio holdings and market conditions. 

    This press release shall not constitute an offer to sell or a solicitation to buy, nor shall there be any sale of any securities in any jurisdiction in which such offer or sale is not permitted. Nothing contained in this press release is intended to recommend any investment policy or investment strategy or consider any investor’s specific objectives or circumstances. Before investing, please consult with your investment, tax, or legal adviser regarding your individual circumstances.

    CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS: This communication contains statements reflecting assumptions, expectations, projections, intentions, or beliefs about future events. These and other statements not relating strictly to historical or current facts constitute forward-looking statements as defined under the U.S. federal securities laws. Forward-looking statements involve a variety of risks and uncertainties. These risks include but are not limited to changes in economic and political conditions; regulatory and legal changes; energy industry risk; leverage risk; valuation risk; interest rate risk; tax risk; and other risks discussed in detail in the Company’s filings with the SEC, available at www.kaynefunds.com or www.sec.gov. Actual events could differ materially from these statements or our present expectations or projections. You should not place undue reliance on these forward-looking statements, which speak only as of the date they are made. Kayne Anderson undertakes no obligation to publicly update or revise any forward-looking statements made herein. There is no assurance that the Company’s investment objectives will be attained.

    Contact investor relations at 877-657-3863 or cef@kayneanderson.com.

    The MIL Network –

    August 5, 2025

  • MIL-OSI: Bitget Surges to 7.2% Global Derivatives Market Share, Ranks Top 3 Highlights Bitcoin.com Report

    Source: GlobeNewswire (MIL-OSI)

    VICTORIA, Seychelles, Aug. 01, 2025 (GLOBE NEWSWIRE) — Bitget, the leading cryptocurrency exchange and Web3 company, today co-releases with Bitcoin.com an educational flagship titled “Crypto Derivatives 101 – Market Breakdown: Who’s Winning the Race?” designed to help newcomers navigate the fast-growing derivatives market, the guide also highlights Bitget’s leadership as its market share doubles to 7.2% in 2025, up from 4.6% year‑to‑date.

    As detailed in the newly released report, Bitget has emerged as the third-largest derivatives exchange globally by trading volume. In April 2025 alone, the platform processed $92 billion in futures volume. Bitget’s market share rose from 4.6% at the beginning of the year to 7.2%, placing it just behind Binance and OKX. While Binance continues to lead with a 38% share, Bitget’s rapid ascent reflects both strong retail engagement and increasing institutional preference, particularly for ETH-based derivatives, where Bitget has surpassed Binance in liquidity within key trading ranges.

    “We believe educational access is foundational,” said Gracy Chen, CEO at Bitget. “Crypto derivatives have often been misunderstood or seen as overly complex, especially by new users. With this guide, we aim to change that. We want to make sure that both retail and institutional users feel empowered to understand, navigate, and leverage the powerful tools available to them. Bitget is proud to be leading this industry with a user-first approach, backed by AI-powered tools, liquidity innovations, and a commitment to transparency and accessibility.”

    The Crypto Derivatives 101 report serves as a practical, beginner-friendly guide to understanding how derivatives work and why they matter in today’s markets. It breaks down core instruments such as futures, options, and perpetual swaps, while explaining how these tools are used for hedging, speculation, and arbitrage.

    A standout feature of the report is a comprehensive comparison of centralized (CEX) and decentralized (DEX) perpetual markets, weighing factors like liquidity, slippage, fees, execution speed, and custody. Bitget, Binance, and OKX are shown to lead in areas like liquidity depth and institutional readiness, while platforms like GMX and Hyperliquid offer unmatched transparency and self-custody for DeFi-native users.

    The report also includes real-world trading scenarios that help readers understand which platform type is better suited to their goals. For example, a retail trader managing small-cap positions may benefit from Bitget’s intuitive UI, low fees, and fiat on-ramps. In contrast, DeFi-native users seeking anonymity and composability may prefer permissionless DEXs. Institutions executing large block trades are shown to favor CEXs like Bitget for better capital efficiency, risk management tools, and regulatory compliance. These case studies ground the content in real-world decision-making and make the guide actionable for new users.

    “The crypto industry has come a long way in terms of legitimacy, but education remains a key barrier,” said Eli Bordun, Partnership Director of Bitcoin.com. “This report breaks down step-by-step how the modern crypto markets function. Derivatives are often seen as tools for professionals — but they’re increasingly relevant for everyday users, DAOs, and even traditional financial players exploring the space. By working with Bitget to produce this report, we aim to demystify these instruments and support safe, informed participation in the market.”

    The report also highlights emerging trends set to shape the next era of crypto derivatives. One key theme is the rise of tokenized real-world assets (RWAs), which are increasingly being integrated into derivatives products and yield strategies. Another is the expansion of AI-powered trading platforms, which are revolutionizing how both retail and institutional users manage portfolios, select strategies, and mitigate risk. Regulatory clarity is also improving, with frameworks like the EU’s MiCA and Singapore’s MAS paving the way for responsible innovation.

    Finally, the report explores the evolution of CeDeFi (Centralized-Decentralized Finance) models, where platforms like Bitget offer the best of both worlds: secure custody and intuitive UX alongside permissionless asset access and DeFi integration.

    With this report, Bitget and Bitcoin.com reaffirm their shared commitment to building a more inclusive crypto trading environment. As derivatives become increasingly central to digital finance, Bitget is positioned not only as a market leader — but as a bridge between the next generation of users and the tools that will define their financial future.

    For more information, please see the full report here.

    About Bitget

    Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 120 million users in 150+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions, while offering real-time access to Bitcoin price, Ethereum price, and other cryptocurrency prices. Formerly known as BitKeep, Bitget Wallet is a leading non-custodial crypto wallet supporting 130+ blockchains and millions of tokens. It offers multi-chain trading, staking, payments, and direct access to 20,000+ DApps, with advanced swaps and market insights built into a single platform.
    Bitget is driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World’s Top Football League, LALIGA, in EASTERN, SEA and LATAM markets, as well as a global partner of Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team), to inspire the global community to embrace the future of cryptocurrency.

    Aligned with its global impact strategy, Bitget has joined hands with UNICEF to support blockchain education for 1.1 million people by 2027. In the world of motorsports, Bitget is the exclusive cryptocurrency exchange partner of MotoGP™, one of the world’s most thrilling championships.

    For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet
    For media inquiries, please contact: media@bitget.com

    Risk Warning: Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, please refer to our Terms of Use.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/6595d449-33e8-478f-a5d3-67dc9f840558

    The MIL Network –

    August 5, 2025

  • MIL-OSI: Bitget Surges to 7.2% Global Derivatives Market Share, Ranks Top 3 Highlights Bitcoin.com Report

    Source: GlobeNewswire (MIL-OSI)

    VICTORIA, Seychelles, Aug. 01, 2025 (GLOBE NEWSWIRE) — Bitget, the leading cryptocurrency exchange and Web3 company, today co-releases with Bitcoin.com an educational flagship titled “Crypto Derivatives 101 – Market Breakdown: Who’s Winning the Race?” designed to help newcomers navigate the fast-growing derivatives market, the guide also highlights Bitget’s leadership as its market share doubles to 7.2% in 2025, up from 4.6% year‑to‑date.

    As detailed in the newly released report, Bitget has emerged as the third-largest derivatives exchange globally by trading volume. In April 2025 alone, the platform processed $92 billion in futures volume. Bitget’s market share rose from 4.6% at the beginning of the year to 7.2%, placing it just behind Binance and OKX. While Binance continues to lead with a 38% share, Bitget’s rapid ascent reflects both strong retail engagement and increasing institutional preference, particularly for ETH-based derivatives, where Bitget has surpassed Binance in liquidity within key trading ranges.

    “We believe educational access is foundational,” said Gracy Chen, CEO at Bitget. “Crypto derivatives have often been misunderstood or seen as overly complex, especially by new users. With this guide, we aim to change that. We want to make sure that both retail and institutional users feel empowered to understand, navigate, and leverage the powerful tools available to them. Bitget is proud to be leading this industry with a user-first approach, backed by AI-powered tools, liquidity innovations, and a commitment to transparency and accessibility.”

    The Crypto Derivatives 101 report serves as a practical, beginner-friendly guide to understanding how derivatives work and why they matter in today’s markets. It breaks down core instruments such as futures, options, and perpetual swaps, while explaining how these tools are used for hedging, speculation, and arbitrage.

    A standout feature of the report is a comprehensive comparison of centralized (CEX) and decentralized (DEX) perpetual markets, weighing factors like liquidity, slippage, fees, execution speed, and custody. Bitget, Binance, and OKX are shown to lead in areas like liquidity depth and institutional readiness, while platforms like GMX and Hyperliquid offer unmatched transparency and self-custody for DeFi-native users.

    The report also includes real-world trading scenarios that help readers understand which platform type is better suited to their goals. For example, a retail trader managing small-cap positions may benefit from Bitget’s intuitive UI, low fees, and fiat on-ramps. In contrast, DeFi-native users seeking anonymity and composability may prefer permissionless DEXs. Institutions executing large block trades are shown to favor CEXs like Bitget for better capital efficiency, risk management tools, and regulatory compliance. These case studies ground the content in real-world decision-making and make the guide actionable for new users.

    “The crypto industry has come a long way in terms of legitimacy, but education remains a key barrier,” said Eli Bordun, Partnership Director of Bitcoin.com. “This report breaks down step-by-step how the modern crypto markets function. Derivatives are often seen as tools for professionals — but they’re increasingly relevant for everyday users, DAOs, and even traditional financial players exploring the space. By working with Bitget to produce this report, we aim to demystify these instruments and support safe, informed participation in the market.”

    The report also highlights emerging trends set to shape the next era of crypto derivatives. One key theme is the rise of tokenized real-world assets (RWAs), which are increasingly being integrated into derivatives products and yield strategies. Another is the expansion of AI-powered trading platforms, which are revolutionizing how both retail and institutional users manage portfolios, select strategies, and mitigate risk. Regulatory clarity is also improving, with frameworks like the EU’s MiCA and Singapore’s MAS paving the way for responsible innovation.

    Finally, the report explores the evolution of CeDeFi (Centralized-Decentralized Finance) models, where platforms like Bitget offer the best of both worlds: secure custody and intuitive UX alongside permissionless asset access and DeFi integration.

    With this report, Bitget and Bitcoin.com reaffirm their shared commitment to building a more inclusive crypto trading environment. As derivatives become increasingly central to digital finance, Bitget is positioned not only as a market leader — but as a bridge between the next generation of users and the tools that will define their financial future.

    For more information, please see the full report here.

    About Bitget

    Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 120 million users in 150+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions, while offering real-time access to Bitcoin price, Ethereum price, and other cryptocurrency prices. Formerly known as BitKeep, Bitget Wallet is a leading non-custodial crypto wallet supporting 130+ blockchains and millions of tokens. It offers multi-chain trading, staking, payments, and direct access to 20,000+ DApps, with advanced swaps and market insights built into a single platform.
    Bitget is driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World’s Top Football League, LALIGA, in EASTERN, SEA and LATAM markets, as well as a global partner of Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team), to inspire the global community to embrace the future of cryptocurrency.

    Aligned with its global impact strategy, Bitget has joined hands with UNICEF to support blockchain education for 1.1 million people by 2027. In the world of motorsports, Bitget is the exclusive cryptocurrency exchange partner of MotoGP™, one of the world’s most thrilling championships.

    For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet
    For media inquiries, please contact: media@bitget.com

    Risk Warning: Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, please refer to our Terms of Use.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/6595d449-33e8-478f-a5d3-67dc9f840558

    The MIL Network –

    August 5, 2025

  • MIL-OSI: Oxford Square Capital Corp. Prices Public Offering of $65 Million 7.75% Notes Due 2030

    Source: GlobeNewswire (MIL-OSI)

    GREENWICH, Conn., Aug. 01, 2025 (GLOBE NEWSWIRE) — Oxford Square Capital Corp. (NasdaqGS: OXSQ) (NasdaqGS: OXSQG) (NasdaqGS: OXSQZ) (the “Company”) today announced that it has priced an underwritten public offering of $65 million in aggregate principal amount of 7.75% unsecured notes due 2030. The notes will mature on July 31, 2030, and may be redeemed in whole or in part at any time or from time to time at the Company’s option on or after July 31, 2027. The notes will bear interest at a rate of 7.75% per year payable quarterly on January 31, April 30, July 31, and October 31 of each year, commencing October 31, 2025.

    The offering is expected to close on August 7, 2025, subject to customary closing conditions. The Company has granted the underwriters an option to purchase up to an additional $9.75 million in aggregate principal amount of notes. The notes are expected to be listed on the NASDAQ Global Select Market and to trade thereon within 30 days of the original issue date under the trading symbol “OXSQH”.

    The Company intends to use the net proceeds from this offering to repay indebtedness, acquire investments in accordance with our investment objective and strategies described in this prospectus supplement and for general corporate purposes.

    Lucid Capital Markets, LLC and Piper Sandler & Co. are acting as joint book-running managers for the offering. Clear Street LLC, InspereX LLC, Janney Montgomery Scott LLC and William Blair & Company, L.L.C. are acting as lead managers for the offering.

    This press release does not constitute an offer to sell or the solicitation of an offer to buy the securities in this offering or any other securities nor will there be any sale of these securities or any other securities referred to in this press release in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of such state or jurisdiction.

    A shelf registration statement relating to these securities is on file with and has been declared effective by the Securities and Exchange Commission. The offering may be made only by means of a prospectus and a related prospectus supplement, copies of which may be obtained, when available, from the following investment banks: Lucid Capital Markets, LLC at 570 Lexington Ave, 40th Floor, New York, NY 10022, at telephone number (646) 362-0256, or via email at: Prospectus@lucidcm.com; and Piper Sandler & Co., 350 North 5th Street, Suite 1300, Minneapolis, MN 55402, Attention: Prospectus Department, or by telephone at (800) 747-3924, or by email at prospectus@psc.com. The preliminary prospectus supplement, dated July 31, 2025, and accompanying prospectus, dated September 26, 2022, each of which has been filed with the Securities and Exchange Commission, contain a description of these matters and other important information about the Company and should be read carefully before investing. Investors are advised to carefully consider the investment objectives, risks and charges and expenses of the Company before investing.

    About Oxford Square Capital Corp.
    Oxford Square Capital Corp. is a publicly-traded business development company principally investing in syndicated bank loans and, to a lesser extent, debt and equity tranches of collateralized loan obligation (“CLO”) vehicles. CLO investments may also include warehouse facilities, which are financing structures intended to aggregate loans that may be used to form the basis of a CLO vehicle.

    Forward Looking Statements
    This press release contains forward-looking statements subject to the inherent uncertainties in predicting future results and conditions. Any statements that are not statements of historical fact (including statements containing the words “believes,” “plans,” “anticipates,” “expects,” “estimates” and similar expressions) should also be considered to be forward-looking statements. These statements are not guarantees of future performance, conditions or results and involve a number of risks and uncertainties. Certain factors could cause actual results and conditions to differ materially from those projected in these forward-looking statements. These factors are identified from time to time in the Company’s filings with the Securities and Exchange Commission. The Company undertakes no obligation to update such statements to reflect subsequent events, except as may be required by law.

    Contact:
    Bruce Rubin
    203-983-5280

    The MIL Network –

    August 5, 2025

  • MIL-OSI: Oxford Square Capital Corp. Prices Public Offering of $65 Million 7.75% Notes Due 2030

    Source: GlobeNewswire (MIL-OSI)

    GREENWICH, Conn., Aug. 01, 2025 (GLOBE NEWSWIRE) — Oxford Square Capital Corp. (NasdaqGS: OXSQ) (NasdaqGS: OXSQG) (NasdaqGS: OXSQZ) (the “Company”) today announced that it has priced an underwritten public offering of $65 million in aggregate principal amount of 7.75% unsecured notes due 2030. The notes will mature on July 31, 2030, and may be redeemed in whole or in part at any time or from time to time at the Company’s option on or after July 31, 2027. The notes will bear interest at a rate of 7.75% per year payable quarterly on January 31, April 30, July 31, and October 31 of each year, commencing October 31, 2025.

    The offering is expected to close on August 7, 2025, subject to customary closing conditions. The Company has granted the underwriters an option to purchase up to an additional $9.75 million in aggregate principal amount of notes. The notes are expected to be listed on the NASDAQ Global Select Market and to trade thereon within 30 days of the original issue date under the trading symbol “OXSQH”.

    The Company intends to use the net proceeds from this offering to repay indebtedness, acquire investments in accordance with our investment objective and strategies described in this prospectus supplement and for general corporate purposes.

    Lucid Capital Markets, LLC and Piper Sandler & Co. are acting as joint book-running managers for the offering. Clear Street LLC, InspereX LLC, Janney Montgomery Scott LLC and William Blair & Company, L.L.C. are acting as lead managers for the offering.

    This press release does not constitute an offer to sell or the solicitation of an offer to buy the securities in this offering or any other securities nor will there be any sale of these securities or any other securities referred to in this press release in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of such state or jurisdiction.

    A shelf registration statement relating to these securities is on file with and has been declared effective by the Securities and Exchange Commission. The offering may be made only by means of a prospectus and a related prospectus supplement, copies of which may be obtained, when available, from the following investment banks: Lucid Capital Markets, LLC at 570 Lexington Ave, 40th Floor, New York, NY 10022, at telephone number (646) 362-0256, or via email at: Prospectus@lucidcm.com; and Piper Sandler & Co., 350 North 5th Street, Suite 1300, Minneapolis, MN 55402, Attention: Prospectus Department, or by telephone at (800) 747-3924, or by email at prospectus@psc.com. The preliminary prospectus supplement, dated July 31, 2025, and accompanying prospectus, dated September 26, 2022, each of which has been filed with the Securities and Exchange Commission, contain a description of these matters and other important information about the Company and should be read carefully before investing. Investors are advised to carefully consider the investment objectives, risks and charges and expenses of the Company before investing.

    About Oxford Square Capital Corp.
    Oxford Square Capital Corp. is a publicly-traded business development company principally investing in syndicated bank loans and, to a lesser extent, debt and equity tranches of collateralized loan obligation (“CLO”) vehicles. CLO investments may also include warehouse facilities, which are financing structures intended to aggregate loans that may be used to form the basis of a CLO vehicle.

    Forward Looking Statements
    This press release contains forward-looking statements subject to the inherent uncertainties in predicting future results and conditions. Any statements that are not statements of historical fact (including statements containing the words “believes,” “plans,” “anticipates,” “expects,” “estimates” and similar expressions) should also be considered to be forward-looking statements. These statements are not guarantees of future performance, conditions or results and involve a number of risks and uncertainties. Certain factors could cause actual results and conditions to differ materially from those projected in these forward-looking statements. These factors are identified from time to time in the Company’s filings with the Securities and Exchange Commission. The Company undertakes no obligation to update such statements to reflect subsequent events, except as may be required by law.

    Contact:
    Bruce Rubin
    203-983-5280

    The MIL Network –

    August 5, 2025

  • MIL-OSI: ETH Contract Participation Model for 2025 Announced by HashJ to Tap Market Opportunities

    Source: GlobeNewswire (MIL-OSI)

    London, United Kingdom, Aug. 01, 2025 (GLOBE NEWSWIRE) — MGPD Finance Limited, doing business as HashJ, today announced the introduction of its updated ETH contract participation model, developed to support broader engagement in Ethereum-linked income opportunities. This move comes as Ethereum (ETH) continues to hold its place as a foundational asset within the Web3 ecosystem, even as its mainnet fully transitions from Proof-of-Work (PoW) to Proof-of-Stake (PoS) following the 2022 “Merge.”

    Despite this shift, ETH-related contract activity remains strong across derivative networks and GPU-compatible platforms. HashJ’s 2025 model aims to simplify access to these evolving opportunities for individual users by lowering technical barriers and offering transparent participation structures.

    Ethereum Market Weekly Overview: Layer-2 Networks and On-Chain Activity Gain Ground

    During the fourth week of July 2025, ETH held steady around $3,790, while on-chain activity remained robust. Metrics such as active wallet addresses and decentralized application (DApp) usage saw steady growth. According to data from L2Beat, the total value locked (TVL) in Layer-2 networks like Arbitrum, Optimism, and Base reached new peaks, reinforcing Ethereum’s position as a leader in blockchain fee revenue.
    In parallel, Ethereum continues to attract diverse projects, including artificial intelligence (AI) protocols, decentralized proof-of-stake (DPoS) systems, and tokenized real-world asset (RWA) platforms—further cementing its status as the dominant smart contract infrastructure.

    Current Landscape of ETH-Related Contracts

    Although Ethereum’s mainnet no longer supports traditional PoW-based contracts, derivative chains such as EthereumPoW (ETHW), Ethereum Classic (ETC), and other EVM-compatible PoW ecosystems continue to offer contract-based participation. These networks maintain close market correlation with ETH, creating an alternate avenue for users to engage in ETH-linked strategies.
    Key approaches include:

    • Participating in contracts tied to ETHW or ETC and later converting proceeds into ETH;
    • Utilizing platforms such as HashJ to access GPU resources and schedule contract-based operations across ETH-aligned networks;
    • Diversifying income strategies via ETH staking, DeFi protocols, and eligible airdrop campaigns.

    HashJ’s New Model: Accessible Participation in ETH-Linked Contracts

    HashJ’s latest platform features are focused on enhancing user participation in ETH-related rewards with low entry barriers and simplified processes. This includes:

    • Access to GPU resource scheduling and allocation across ETH-relevant derivative ecosystems;
    • Intelligent task distribution to support optimized contract outcomes;
    • Transparent performance monitoring via a mobile application and user dashboard;
    • Automated revenue settlement with unrestricted asset withdrawals.

    New users can access a welcome package valued at $118, comprising $100 in contract trial credits and $18 in platform cash. No specialized hardware or infrastructure setup is required, and users can manage their participation via visual interfaces designed for ease of use.

    Continued Relevance of ETH-Linked Contracts

    Despite the discontinuation of PoW contracts on the Ethereum mainnet, ETH continues to command broad investor interest. ETH-based contracts and derivative tokens present various benefits:

    • Closely mirrored price movements from tokens like ETHW and ETC allow for ETH-aligned exposure;
    • Flexible use of contracts as a means to hedge risk or manage portfolio allocation;
    • Simplified entry via platforms like HashJ reduces reliance on traditional hardware setups or data center integration.

    For everyday users, these tools offer a practical and efficient alternative to more complex technical methods of participating in ETH-related returns.

    Conclusion

    As Ethereum maintains its leading role in decentralized infrastructure, new models of participation are emerging to reflect evolving network dynamics. HashJ’s ETH contract access framework presents a simplified and scalable method for engaging with ETH-linked opportunities.

    For those looking to participate in Ethereum’s evolving contract landscape without encountering technical or operational hurdles, HashJ’s model offers a structured and user-friendly entry point. New users receive a $118 gift package upon registration (including $100 contract trial credit and $18 cash).

    About MGPD Finance Limited (HashJ)

    MGPD Finance Limited, doing business as HashJ, is a fintech company based in the United Kingdom. Founded in 2018, the company provides contract-based digital reward systems for BTC, ETH, DOGE, and XRP, with over 2 million users across more than 90 countries.

    For more information, visit: www.hashj.com
    App Download: Available on iOS and Android
    Business Inquiries: pr@hashj.com

    The MIL Network –

    August 5, 2025

  • MIL-OSI: ETH Contract Participation Model for 2025 Announced by HashJ to Tap Market Opportunities

    Source: GlobeNewswire (MIL-OSI)

    London, United Kingdom, Aug. 01, 2025 (GLOBE NEWSWIRE) — MGPD Finance Limited, doing business as HashJ, today announced the introduction of its updated ETH contract participation model, developed to support broader engagement in Ethereum-linked income opportunities. This move comes as Ethereum (ETH) continues to hold its place as a foundational asset within the Web3 ecosystem, even as its mainnet fully transitions from Proof-of-Work (PoW) to Proof-of-Stake (PoS) following the 2022 “Merge.”

    Despite this shift, ETH-related contract activity remains strong across derivative networks and GPU-compatible platforms. HashJ’s 2025 model aims to simplify access to these evolving opportunities for individual users by lowering technical barriers and offering transparent participation structures.

    Ethereum Market Weekly Overview: Layer-2 Networks and On-Chain Activity Gain Ground

    During the fourth week of July 2025, ETH held steady around $3,790, while on-chain activity remained robust. Metrics such as active wallet addresses and decentralized application (DApp) usage saw steady growth. According to data from L2Beat, the total value locked (TVL) in Layer-2 networks like Arbitrum, Optimism, and Base reached new peaks, reinforcing Ethereum’s position as a leader in blockchain fee revenue.
    In parallel, Ethereum continues to attract diverse projects, including artificial intelligence (AI) protocols, decentralized proof-of-stake (DPoS) systems, and tokenized real-world asset (RWA) platforms—further cementing its status as the dominant smart contract infrastructure.

    Current Landscape of ETH-Related Contracts

    Although Ethereum’s mainnet no longer supports traditional PoW-based contracts, derivative chains such as EthereumPoW (ETHW), Ethereum Classic (ETC), and other EVM-compatible PoW ecosystems continue to offer contract-based participation. These networks maintain close market correlation with ETH, creating an alternate avenue for users to engage in ETH-linked strategies.
    Key approaches include:

    • Participating in contracts tied to ETHW or ETC and later converting proceeds into ETH;
    • Utilizing platforms such as HashJ to access GPU resources and schedule contract-based operations across ETH-aligned networks;
    • Diversifying income strategies via ETH staking, DeFi protocols, and eligible airdrop campaigns.

    HashJ’s New Model: Accessible Participation in ETH-Linked Contracts

    HashJ’s latest platform features are focused on enhancing user participation in ETH-related rewards with low entry barriers and simplified processes. This includes:

    • Access to GPU resource scheduling and allocation across ETH-relevant derivative ecosystems;
    • Intelligent task distribution to support optimized contract outcomes;
    • Transparent performance monitoring via a mobile application and user dashboard;
    • Automated revenue settlement with unrestricted asset withdrawals.

    New users can access a welcome package valued at $118, comprising $100 in contract trial credits and $18 in platform cash. No specialized hardware or infrastructure setup is required, and users can manage their participation via visual interfaces designed for ease of use.

    Continued Relevance of ETH-Linked Contracts

    Despite the discontinuation of PoW contracts on the Ethereum mainnet, ETH continues to command broad investor interest. ETH-based contracts and derivative tokens present various benefits:

    • Closely mirrored price movements from tokens like ETHW and ETC allow for ETH-aligned exposure;
    • Flexible use of contracts as a means to hedge risk or manage portfolio allocation;
    • Simplified entry via platforms like HashJ reduces reliance on traditional hardware setups or data center integration.

    For everyday users, these tools offer a practical and efficient alternative to more complex technical methods of participating in ETH-related returns.

    Conclusion

    As Ethereum maintains its leading role in decentralized infrastructure, new models of participation are emerging to reflect evolving network dynamics. HashJ’s ETH contract access framework presents a simplified and scalable method for engaging with ETH-linked opportunities.

    For those looking to participate in Ethereum’s evolving contract landscape without encountering technical or operational hurdles, HashJ’s model offers a structured and user-friendly entry point. New users receive a $118 gift package upon registration (including $100 contract trial credit and $18 cash).

    About MGPD Finance Limited (HashJ)

    MGPD Finance Limited, doing business as HashJ, is a fintech company based in the United Kingdom. Founded in 2018, the company provides contract-based digital reward systems for BTC, ETH, DOGE, and XRP, with over 2 million users across more than 90 countries.

    For more information, visit: www.hashj.com
    App Download: Available on iOS and Android
    Business Inquiries: pr@hashj.com

    The MIL Network –

    August 5, 2025

  • MIL-OSI: Aemetis to Review Second Quarter 2025 Financial Results on August 7, 2025

    Source: GlobeNewswire (MIL-OSI)

    CUPERTINO, Calif., Aug. 01, 2025 (GLOBE NEWSWIRE) — Aemetis, Inc. (NASDAQ: AMTX) announced that the company will host a conference call to review the release of its second quarter 2025 earnings report:

    Date: Thursday, August 7, 2025

    Time: 11 am Pacific Time (PT)

    Live Participant Dial In (Toll Free): +1-888-506-0062 entry code 655740 

    Live Participant Dial In (International): +1-973-528-0011 entry code 655740

    Webcast URL: https://www.webcaster4.com/Webcast/Page/2211/52764

    Attendees may submit questions during the Q&A (Questions & Answers) portion of the conference call.

    The webcast will be available on the Company’s website (www.aemetis.com) under Investors/Conference Calls, along with the company presentation, recent announcements, and video recordings.

    The voice recording will be available through August 14, 2025, by dialing (Toll Free) 877-481-4010 or (International) 919-882-2331 and entering conference ID number 52764. After August 14th, the webcast will be available on the Company’s website (www.aemetis.com) under Investors/Conference Calls.

    About Aemetis

    Headquartered in Cupertino, California, Aemetis is a renewable natural gas and renewable fuel company focused on the operation, acquisition, development, and commercialization of innovative technologies that lower fuel costs and reduce emissions. Founded in 2006, Aemetis is operating and actively expanding a California biogas digester network and pipeline system to convert dairy waste gas into Renewable Natural Gas. Aemetis owns and operates a 65 million gallon per year ethanol production facility in California’s Central Valley near Modesto that supplies about 80 dairies with animal feed. Aemetis owns and operates an 80 million gallon per year production facility on the East Coast of India producing high quality distilled biodiesel and refined glycerin. Aemetis is developing a sustainable aviation fuel and renewable diesel fuel biorefinery in California, renewable hydrogen, and hydroelectric power to produce low carbon intensity renewable jet and diesel fuel. For additional information about Aemetis, please visit www.aemetis.com. 

    Company Investor Relations

    Media Contact:
    Todd Waltz
    (408) 213-0940
    investors@aemetis.com

    External Investor Relations

    Contact:
    Kirin Smith
    PCG Advisory Group
    (646) 863-6519
    ksmith@pcgadvisory.com

    The MIL Network –

    August 5, 2025

  • CBI secures deportation of fugitive Udit Khullar from UAE in Rs 4.5 crore bank fraud case

    Source: Government of India

    Source: Government of India (4)

    In a major breakthrough in an ongoing financial fraud investigation, the Central Bureau of Investigation (CBI) has secured the deportation of Udit Khullar, a fugitive wanted in connection with a ₹4.55 crore bank fraud case, from the United Arab Emirates (UAE).

    Khullar, who had been absconding and was geo-located in the UAE, was brought back to India on August 1, 2025, as a deportee via Indira Gandhi International Airport, Delhi. His return was made possible through coordinated efforts between the CBI’s International Police Cooperation Unit (IPCU) and the National Central Bureau (NCB) in Abu Dhabi, under the framework of INTERPOL.

    The accused was wanted by the Delhi Police in a case registered at the Adazan Police Station, Special Cell, on charges of criminal conspiracy, cheating, and forgery. According to the investigation, Khullar, in collusion with his associates, obtained fraudulent bank loans totaling ₹4.55 crore by submitting forged property documents to both nationalised and private banks. The properties used as collateral were found to be fictitious or not owned by the accused.

    CBI initiated the process of tracking Khullar after receiving input about his location abroad. Following his arrest in the UAE, the Bureau formally requested his deportation, which was granted by the UAE authorities.

    The CBI, acting as India’s National Central Bureau for INTERPOL, has intensified international cooperation through its platform BHARATPOL, facilitating the return of over 100 wanted criminals to India in recent years via INTERPOL channels.

     

    August 5, 2025

  • MIL-OSI Africa: Regional Workshop on the Economic Community of West Africa States (ECOWAS) Fiscal Expenditure Methodology for Francophone and Lusophone States

    Source: APO – Report:

    .

    The ECOWAS Commission, in collaboration with the World Bank, has launched a four-day regional workshop from the 28th to the 31st of July,2025 in Dakar, Senegal focused on strengthening the capacity of francophone and lusophone Member States to evaluate and manage tax expenditures.

    Speaking at the opening ceremony, the Representative of the Minister of Finance of Senegal, Mr. Issa Faye warmly welcomed delegates on behalf of the Government and people of Senegal. He emphasized the country’s commitment to greater fiscal transparency and effective public resource management. “Tax exemptions, if well-targeted, can be tools for growth and poverty reduction. However, their real impact must be rigorously measured” he noted. Senegal’s hosting of the event, he added, reflects its strong support for regional fiscal harmonization and cooperation.

    Mr. Rajiv Kumar, representing the World Bank, acknowledged the progress made by several ECOWAS Member States and encouraged greater transparency and systematic reporting. “World Bank is pleased to partner with ECOWAS to deliver this important workshop that aims to strengthen the capacity of member states to manage the fiscal and economic impact of tax expenditures,” he stated.

    In her opening remarks, H.E. Ambassador Zelma Yollande Nobre Fassinou, ECOWAS Resident Representative to Senegal, emphasized the importance of the workshop and expressed gratitude to the Government of Senegal for its continued support for regional integration efforts. She highlighted that “Tax expenditures,when not properly evaluated, can undermine domestic resource mobilization and limit the capacity of our governments to finance vital programs.” Ambassador Fassinou emphasized that the workshop is not only a platform for technical learning but also an opportunity to strengthen partnerships and enhance collective governance in line with the 2023 ECOWAS Directive on Tax Expenditures. She further noted the importance of timely submission of tax expenditure reports by Member States, in alignment with the provisions of the Directive, as an important step towards improved transparency and accountability in fiscal policy across the region.

    Ambassador Fassinou also highlighted the workshop’s aim to encourage open dialogue and peer exchange, noting that participants will present their national frameworks, challenges, and best practices. “This workshop provides an ideal platform to deepen our shared understanding, align our methodologies, and enhance regional cooperation in managing fiscal incentives” she said.

    The workshop features technical sessions, practical exercises, and country presentations aimed at improving governance, transparency and alignment of tax incentives with national development strategies. Participants include officials from finance ministries, tax administrations and regional and international partners.

    This workshop reinforces ECOWAS’ commitment to strengthening national capacities and aligning fiscal practices with regional integration objectives.

    – on behalf of Economic Community of West African States (ECOWAS).

    MIL OSI Africa –

    August 5, 2025

  • MIL-OSI: Taglich Brothers Initiates Coverage of Banzai International, Inc.

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, July 31, 2025 (GLOBE NEWSWIRE) — Taglich Brothers, Inc. announces that it has initiated coverage of Banzai International, Inc. (NASDAQ: BNZI).

    Banzai International, Inc., headquartered in Bainbridge Island, WA, is a software-as-a-service marketing technology (MarTech) company that provides data and AI-driven marketing and sales solutions for businesses of all sizes. The company’s long-term vision is to assist its clients accomplish their mission by enabling enhanced marketing, sales, and customer engagement outcomes through increasingly sophisticated AI-driven analytics and data-driven applications. BNZI is in the process of consolidating mission-critical, sub-scale AI-driven MarTech platform offerings within areas of customer acquisition, customer engagement, and data analytics for campaign optimization, which should drive increased annualized recurring revenue sales through cross-selling opportunities of a larger suite of technology platform offerings.

    The complete 19-page report is available at https://www.taglichbrothers.com/

    Taglich Brothers, Inc. is a full-service broker dealer focused exclusively on microcap companies. The Company defines the microcap segment of the equity market as companies with less than $250 million in market capitalization. Taglich Brothers currently offers institutional and retail brokerage services, investment banking and comprehensive research coverage to the investment community.

    We do not undertake to advise you as to changes in figures or our views. This is not a solicitation of any order to buy or sell. Taglich Brothers, Inc. is fully disclosed with its clearing firm, Axos Clearing, LLC, is not a market maker and does not sell to or buy from customers on a principal basis. The above statement is the opinion of Taglich Brothers, Inc. and is not a guarantee that the target price for the stock will be met or that predicted business results for the company will occur. There may be instances when fundamental, technical and quantitative opinions contained in this report are not in concert. We, our affiliates, any officer, director or stockholder or any member of their families may from time to time purchase or sell any of the above-mentioned or related securities. Analysts and members of the Research Department are prohibited from buying or selling securities issued by the companies that Taglich Brothers, Inc. has a research relationship with, except if ownership of such securities was prior to the start of such relationship, then an Analyst or member of the Research Department may sell such securities after obtaining expressed written permission from Compliance. As of the date of this report, we, our affiliates, any officer, director or stockholder, or any member of their families do not have a position in the stock of the company mentioned in this report. Taglich Brothers, Inc. does not currently have an Investment Banking relationship with the company mentioned in this report and was not a manager or co-manager of any offering for the company within the last three years.

    All research issued by Taglich Brothers, Inc. is based on public information. In July 2025, the company paid Taglich Brothers a monetary fee of $9,000 (USD) representing payment for the creation and dissemination of research reports for three months. Three-months after publication of the initial report (November 2025), the company will begin paying Taglich Brothers a monthly monetary fee of $3,000 (USD) for the creation and dissemination of research reports for a minimum of twelve months after the date the initiation report is first published.

    Contact:
    Rick Oh
    Taglich Brothers, Inc.
    631-757-1500

    The MIL Network –

    August 5, 2025

  • MIL-OSI USA: Welch Calls for Vote on Bipartisan CANADA Act Ahead of Trump’s  August 1 Tariff Deadline 

    US Senate News:

    Source: United States Senator Peter Welch (D-Vermont)

    CANADA Act would exempt U.S.-owned small businesses from tariffs imposed on Canada 
    WASHINGTON, D.C. – U.S. Senator Peter Welch (D-Vt.), a member of the Senate Finance Committee, this week pushed for a vote on his bipartisan Creating Access to Necessary American-Canadian Duty Adjustments (CANADA) Act, legislation to exempt United States-owned small businesses from tariffs imposed on Canada. Senate Republicans blocked the unanimous consent request and refused to support small businesses in their states.  
    Senator Welch took to the Senate Floor to slam the Trump Administration’s plan to increase tariffs and enact new sweeping global tariffs on August 1. Senator Welch also spoke in support of his bipartisan bill, the CANADA Act: 
    “This trade war is yet another example of the Trump Administration’s chaos, cruelty, and corruption: Chaos for Vermont’s small businesses, farmers, and manufacturers who don’t know what to expect day-to-day; Cruelty for America’s working families, who will pay more because of this reckless trade policy; and Corruption by President Trump himself, who has created an access economy focused on self-dealing,” said Senator Welch in his remarks. “I urge my colleagues on both sides of the aisle to support the CANADA Act, and in-turn support small businesses in their state.” 
    Watch Senator Welch’s floor remarks here: 

    The CANADA Act is led by Senator Welch and cosponsored by Senate Democratic Leader Chuck Schumer (D-N.Y.) and Senators Jeanne Shaheen (D-N.H.), Lisa Murkowski (R-Alaska), Tim Kaine (D-Va.), Susan Collins (R-Maine), Ed Markey (D-Mass.), and Ron Wyden (D-Ore.). The CANADA Act is supported by Main Street Alliance and Small Business Majority. 
    In 2024 alone, trade with Canada accounted for 35% of Vermont’s exports, 67% of its imports, and 56% of its total trade. One in four businesses in Vermont relies on trade with Canada. Vermont buys more goods from Canada than the next nine largest foreign markets combined. In 2023, Vermont exported $150 million just in food and agricultural products to Canada.  
    Vermont boasts nearly 82,000 small businesses, which represent 99% of all businesses in the state, and employ over 62% of Vermont’s overall workforce—higher than the national average. Small businesses in Vermont also employ a diverse workforce, with 43.8% of small businesses in the state owned by women and 6% owned by veterans. 
    Senator Welch has blasted Trump’s tariffs and trade war and shared stories from constituents about how President Trump’s economic policies have impacted their businesses, farms, and communities. Senator Welch is a cosponsor of a bipartisan resolution to repeal the tariffs on Canada, a bipartisan bill to restore congressional tariff authority, a bill to restrict the Executive Branch’s authority to impose tariffs through the International Economic Emergency Powers Act, and a bill to exempt small businesses from the April 2nd global tariff Executive Order. Senator Welch also led a bipartisan resolution to end President Trump’s ruinous global tariffs.      
    In May, Senator Welch joined a bipartisan delegation and traveled to Ottawa to meet with Canadian dignitaries, including Prime Minister Mark Carney, to discuss bipartisan support for a U.S.-Canada partnership and their commitment to a strong trading relationship between the United States and Canada. The Senator has hosted roundtables in Stowe, Newport, St. Albans, Manchester, and virtually to hear concerns and first-hand stories from Vermont and Canadian leaders impacted by the trade war. 

    MIL OSI USA News –

    August 5, 2025

  • MIL-OSI United Kingdom: Five companies shut down for filing false and forged accounts

    Source: United Kingdom – Executive Government & Departments

    Press release

    Five companies shut down for filing false and forged accounts

    Companies falsely claimed to have hundreds of millions of pounds in turnover and profits

    • Automarket Europe Limited, Integra Group Limited, Maxell Limited, Montana & Montana Limited, and Supermarket Plus Ltd filed false accounts showing turnovers of up to £642 million despite having no genuine business activity 

    • All five companies shared office addresses in South London and Croydon. They also falsely named reputable accountants as auditors, and failed to co-operate with Insolvency Service investigations before being shut down 

    • The companies were investigated by the Insolvency Service as a result of referrals from Companies House following legislation to improve corporate standards 

    Five companies which submitted false accounts showing hundreds of millions of pounds of profits have been shut down following investigations by the Insolvency Service and Companies House. 

    Automarket Europe Limited, Integra Group Limited, Maxell Limited, Montana & Montana Limited, and Supermarket Plus Ltd claimed to trade as everything from supermarkets to car dealerships but no evidence was found of any true business activity. 

    The Insolvency Service investigations came following referrals from Companies House as part of the implementation of the Economic Crime and Corporate Transparency Act 2023, introduced to improve transparency over UK companies. 

    Companies House now has powers to remove false, misleading or incorrect information from company registers. The Act also strengthens collaboration between the Insolvency Service and Companies House to crack down on the misuse of UK corporate structures. 

    The five companies were all wound-up at the High Court in Manchester on Thursday 31 July. 

    Dave Magrath, Director of Investigation and Enforcement Services at the Insolvency Service, said: 

    Our investigators were concerned that there was a genuine risk that these wildly inaccurate accounts could have been used to mislead potential customers and suppliers into providing credit in the future based on completely fabricated financial information. 

    Protecting the integrity of the Companies House register is crucial because UK businesses rely on this information to make informed decisions about who they trade with, lend to, and invest in. When companies submit false information, it undermines confidence in our entire business environment. 

    By working together with Companies House, we can take decisive action to remove rogue companies from the system. This protects legitimate businesses and delivers the economic confidence that underpins growth and prosperity.

    Investigations found that the companies were connected through a shared director and/or shareholder and registered office addresses in South Croydon and South London. 

    All submitted accounts claiming hundreds of millions of pounds in profits but containing glaring inconsistencies. Each company also falsely named respected chartered accountants and solicitors in the accounts. 

    Automarket Europe Limited claimed a turnover of £327 million and net profit of £198 million for 2022. However, its declared assets jumped from £629,220 in 2021 to £84 million in the following year’s accounts – with no explanation for the increase. 

    Integra Group Limited reported similar figures, claiming £302 million turnover and £186 million profit for 2022. Again, net assets leapt from £602,374 in 2021 to £233 million in 2022. 

    Maxell Limited went even further, claiming a turnover of £440 million and £229 million in profits in 2022. According to its accounts, assets grew from £618,496 to £422 million in one year. 

    Montana & Montana Limited falsely named PricewaterhouseCoopers (PWC) as its auditors across multiple years. PWC confirmed they had never worked for the company and requested the accounts be removed. The company’s supposed assets ranged from minus £20 million to plus £194 million. 

    Supermarket Plus Ltd claimed the highest turnover of all – £642 million – with £330 million profit in 2022. Its assets supposedly increased from £402,431 to £410 million. 

    Despite the filed accounts claiming the companies ran substantial operations, they were written in poor English and provided no evidence of genuine trading activity.  

    All five companies failed to co-operate with Insolvency Service investigations or provide up-to-date accounting records. 

    Accounts filed by Automarket Europe Limited, Maxell Limited, and Supermarket Plus Ltd were also removed from Companies House after being found to be “factually inaccurate and forged”. 

    Adrian Landeg, Head of Integrity, Compliance & Enforcement at Companies House, said: 

    By working closely with our stakeholders we’re now able to utilise the powers in the Economic Crime and Corporate Transparency Act to take decisive action where false, misleading, or incorrect information is identified on the register. 

    These powers have also strengthened collaboration with our partners at the Insolvency Service which, as this case demonstrates, enables us to crack down on the misuse of UK corporate structures, improve the quality of information on the register and support economic growth.

    The Official Receiver has been appointed as liquidator of Automarket Europe Limited, Integra Group Limited, Maxell Limited, Montana & Montana Limited, and Supermarket Plus Ltd. 

    All enquiries concerning the affairs of the five companies should be made to the Official Receiver of the Public Interest Unit: 16th Floor, 1 Westfield Avenue, Stratford, London, E20 1HZ. Email piu.or@insolvency.gov.uk. 

    Further information  

    • Automarket Europe Limited (company number 05700104) 

    • Integra Group Limited (company number 10047540) 

    • Maxell Limited (company number 06912995) 

    • Montana & Montana Limited (company number 07540705) 

    • Supermarket Plus Ltd (company number 08044175)  

    • The Insolvency Service can investigate complaints about corporate abuse by live companies. This may include serious misconduct, fraud, scams or dishonest practice in the way the company operates. Further information on our live investigations can be found here 

    • The Insolvency Service’s new investigation and enforcement strategy will see the agency play a leading role in tackling economic crime and improving corporate standards, including supporting Companies House in maintaining the integrity of its registers 

    • Further information about the work of the Insolvency Service, and how to complain about financial misconduct, is available here. 

    About us 

    The Insolvency Service is a government agency that helps to deliver economic confidence by supporting those in financial distress, tackling financial wrongdoing and maximising returns to creditors. 

    The Insolvency Service is an executive agency, sponsored by the Department for Business and Trade. 

    Read more about what we do 

    Press Office 

    Journalists with enquiries can call the Insolvency Service Press Office on 0303 003 1743 or email press.office@insolvency.gov.uk (Monday to Friday, 9am to 5pm). 

    Out of hours 

    For any out of hours media enquiries, please contact the Department for Business and Trade (DBT) newsdesk on 020 7215 2000.

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    Updates to this page

    Published 31 July 2025

    MIL OSI United Kingdom –

    August 5, 2025

  • MIL-OSI Security: Coast Guard releases report of investigation into Schooner Grace Bailey demasting

    Source: United States Coast Guard

     

    07/31/2025 09:37 AM EDT

    The Coast Guard’s Office of Investigations and Casualty Analysis published a report of investigation (ROI) to Marine Casualty Reports regarding the demasting of the Schooner Grace Bailey in Penobscot Bay, Rockland, Maine resulting in the loss of life of one passenger and injuries to five other passengers on October 9, 2023.

    MIL Security OSI –

    August 5, 2025
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