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Category: GlobeNewswire

  • MIL-OSI: XA Investments Reports Record $227 billion in Managed Assets in its Second Quarter 2025 Market Update

    Source: GlobeNewswire (MIL-OSI)

    CHICAGO, July 22, 2025 (GLOBE NEWSWIRE) — XA Investments LLC (“XAI”), an alternative investment management and consulting firm, announced today that its Non-Listed Closed-End Funds Second Quarter 2025 Market Update shows accelerated growth in the market, a surge in fund launches, and a shift toward greater investor accessibility.

    “The non-listed CEF market continues to show record growth with 17% or 50 funds in the market reaching over $1 billion in assets under management and seven of those funds hitting the $1 billion milestone this quarter” stated Kimberly Flynn, the president of XAI. “As more assets continue to flow into the interval / tender offer fund market, we believe the market’s trajectory will remain positive, with significant opportunities for expansion throughout the rest of the year,” she added.

    The market update is a comprehensive research report detailing current market trends and industry highlights. The non-listed closed-end fund (CEF) market includes all interval and tender offer funds. The report highlights the removal of accredited investor suitability restrictions, divergence of positioning in the market, dominance of interval funds with a daily NAV and no suitability restrictions, increased performance coverage, and coverage of Specialty Structures.

    The non-listed CEF market reached a new peak with 288 interval and tender offer funds with a total of $196 billion in net assets and $227 billion in total managed assets, inclusive of leverage, as of June 30, 2025. The market includes 144 interval funds which comprise 59% of the total managed assets at $132.8 billion and 144 tender offer funds which comprise the other 41% with $93.9 billion in total managed assets.

    This is a significant change from previous quarters, as the number of interval funds has caught up to the total number of tender funds. In Q2 2025, 23 new funds entered the market, representing an increase of 13 funds compared to the 10 funds launched in Q2 2024. Market-wide net assets increased $15 billion in Q2 2025 from the prior quarter.

    In total, there are 150 unique fund sponsors in the interval and tender offer fund space, with 54 fund sponsors that have two or more interval and/or tender offer funds currently in the market. Additionally, there are 22 funds currently in the Securities and Exchange Commission registration process from fund sponsors looking to launch another fund.

    Displaying the growth of new funds in the market, the market share of the top 20 funds continues to decrease, falling to 59% in Q2 2025 from 60% in Q1 2025 and 65% in Q4 2024. Among the new funds launched in Q2 2025, there were nine new interval fund sponsors, including Corient, Coatue, and Select Equity Group.

    XAI also noted the emergence of Specialty Structures within the market. These funds are continuously offered, evergreen, semi-liquid private funds designed for accredited investors and qualified purchasers. They are exempt from the Investment Company Act of 1940 but still governed by federal securities laws. These evergreen funds provide access to alternative strategies while offering limited liquidity and reduced reporting obligations for the manager compared to registered funds.

    The current landscape of 13 Specialty Structures funds is dominated by large private equity firms including Blackstone, KKR, and Apollo. While Specialty Structures and interval / tender offer funds have some similarities, the fund structures differ in how they handle liquidity, investor eligibility, reporting obligations, and tax treatment.

    “Understanding Specialty Structures helps managers better align product design with strategy and audience, which is increasingly critical in a growing and competitive market” Flynn said.

    In this quarterly report, XAI covers the Q1 2025 net flows which are lagged by reporting cycles. In Q1 2025 funds had positive net flows, totaling over $13 billion, with 67% of funds reporting positive net flows. The majority of net flows in Q1 2025 went into daily NAV funds without suitability restrictions, attracting 58% of marketwide net flows.

    Two-thirds or 67% of net flows went into funds with no suitability restrictions, while 12% went into funds limited to accredited investors, and 21% went into funds limited to qualified clients. In aggregate, the top 20 largest interval/tender offer funds accounted for 50% of total net flows including many of the market leaders such as the Cliffwater Corporate Lending Fund, Partners Group Private Equity (Master Fund), LLC, and ACAP Strategic Fund.

    “The non-listed CEF market continues to grow with a total of 51 funds in the SEC registration process at the end of the first quarter,” Flynn noted. “While the SEC backlog decreased by seven funds from the end of Q1 2025 to the end of Q2 2025, we believe there will still be significant growth in the market this year. So far in 2025, there have been 46 new SEC filings, compared to 27 new filings from this point in 2024, representing a 70% increase in registrations” she added.

    Newly launched non-listed CEFs spent around six months in the SEC registration process, with the fund’s asset class continuing to be the main driver of time spent in the SEC review process. Tax-Free Bond funds were the quickest to launch, at 150 days on average spent in registration.

    At 53%, the majority of interval and tender offer funds do not have any suitability restrictions for investors imposed at the fund level — 27% of funds are available to accredited investors and 20% are only available to qualified clients. The amount of funds offered with no suitability restrictions is also predicted to increase with recent changes in a SEC Staff position. Following this change in position, many interval and tender offer funds have filed prospectus supplements removing accredited investor requirements.

    According to Flynn, “We expect more funds to reduce their suitability requirements in the near future and for many new funds to forgo accredited investor requirements.” Alternative funds without suitability restrictions also prove to be more accessible and have gathered more assets at $130.5 billion in managed assets or 57% of market-wide assets.

    For more information on the interval fund market and to read our full quarterly report on non-listed CEFs, please visit the CEF Market research page linked here and click ‘Subscribe’ for access to XA Investments’ online research portal and pricing information. In addition, please contact info@xainvestments.com or 888-903-3358 with questions.

    About XA Investments
    XA Investments LLC (“XAI”) is a Chicago-based firm founded by XMS Capital Partners in 2016. XAI serves as the investment adviser for two listed closed-end funds and an interval closed-end fund, respectively the XAI Octagon Floating Rate & Alternative Income Trust, the XAI Madison Equity Premium Income Fund, and the Octagon XAI CLO Income Fund. In addition to investment advisory services, the firm also provides investment fund structuring and consulting services focused on registered closed-end funds to meet institutional client needs. XAI offers custom product build and consulting services, including product development and market research, marketing and fund management. XAI believes that the investing public can benefit from new vehicles to access a broad range of alternative investment strategies and managers. For more information, please visit www.xainvestments.com.

    Note: Net flows are reported in Form NPORT-P (“NPORTs”), which are filed quarterly with the SEC. NPORT filings are typically lagged 60 days from the end of the reporting period. The net flows data in this report is as of 3/31/2025 and represents the latest publicly available data.

    Sources: XA Investments; CEFData.com; SEC Filings.

    Notes: All information as of 6/30/2025 unless otherwise noted. Total managed assets is inclusive of leverage. The non-listed CEF market is subject to lags in reporting and limited data availability. Data such as asset levels, net flows, and performance are delayed up to 90 days after quarter-end and are not available for all funds. All data in the report is the most current available. Please contact our team if you have any questions about the non-listed CEF marketplace.

    The MIL Network –

  • MIL-OSI: XA Investments Reports Record $227 billion in Managed Assets in its Second Quarter 2025 Market Update

    Source: GlobeNewswire (MIL-OSI)

    CHICAGO, July 22, 2025 (GLOBE NEWSWIRE) — XA Investments LLC (“XAI”), an alternative investment management and consulting firm, announced today that its Non-Listed Closed-End Funds Second Quarter 2025 Market Update shows accelerated growth in the market, a surge in fund launches, and a shift toward greater investor accessibility.

    “The non-listed CEF market continues to show record growth with 17% or 50 funds in the market reaching over $1 billion in assets under management and seven of those funds hitting the $1 billion milestone this quarter” stated Kimberly Flynn, the president of XAI. “As more assets continue to flow into the interval / tender offer fund market, we believe the market’s trajectory will remain positive, with significant opportunities for expansion throughout the rest of the year,” she added.

    The market update is a comprehensive research report detailing current market trends and industry highlights. The non-listed closed-end fund (CEF) market includes all interval and tender offer funds. The report highlights the removal of accredited investor suitability restrictions, divergence of positioning in the market, dominance of interval funds with a daily NAV and no suitability restrictions, increased performance coverage, and coverage of Specialty Structures.

    The non-listed CEF market reached a new peak with 288 interval and tender offer funds with a total of $196 billion in net assets and $227 billion in total managed assets, inclusive of leverage, as of June 30, 2025. The market includes 144 interval funds which comprise 59% of the total managed assets at $132.8 billion and 144 tender offer funds which comprise the other 41% with $93.9 billion in total managed assets.

    This is a significant change from previous quarters, as the number of interval funds has caught up to the total number of tender funds. In Q2 2025, 23 new funds entered the market, representing an increase of 13 funds compared to the 10 funds launched in Q2 2024. Market-wide net assets increased $15 billion in Q2 2025 from the prior quarter.

    In total, there are 150 unique fund sponsors in the interval and tender offer fund space, with 54 fund sponsors that have two or more interval and/or tender offer funds currently in the market. Additionally, there are 22 funds currently in the Securities and Exchange Commission registration process from fund sponsors looking to launch another fund.

    Displaying the growth of new funds in the market, the market share of the top 20 funds continues to decrease, falling to 59% in Q2 2025 from 60% in Q1 2025 and 65% in Q4 2024. Among the new funds launched in Q2 2025, there were nine new interval fund sponsors, including Corient, Coatue, and Select Equity Group.

    XAI also noted the emergence of Specialty Structures within the market. These funds are continuously offered, evergreen, semi-liquid private funds designed for accredited investors and qualified purchasers. They are exempt from the Investment Company Act of 1940 but still governed by federal securities laws. These evergreen funds provide access to alternative strategies while offering limited liquidity and reduced reporting obligations for the manager compared to registered funds.

    The current landscape of 13 Specialty Structures funds is dominated by large private equity firms including Blackstone, KKR, and Apollo. While Specialty Structures and interval / tender offer funds have some similarities, the fund structures differ in how they handle liquidity, investor eligibility, reporting obligations, and tax treatment.

    “Understanding Specialty Structures helps managers better align product design with strategy and audience, which is increasingly critical in a growing and competitive market” Flynn said.

    In this quarterly report, XAI covers the Q1 2025 net flows which are lagged by reporting cycles. In Q1 2025 funds had positive net flows, totaling over $13 billion, with 67% of funds reporting positive net flows. The majority of net flows in Q1 2025 went into daily NAV funds without suitability restrictions, attracting 58% of marketwide net flows.

    Two-thirds or 67% of net flows went into funds with no suitability restrictions, while 12% went into funds limited to accredited investors, and 21% went into funds limited to qualified clients. In aggregate, the top 20 largest interval/tender offer funds accounted for 50% of total net flows including many of the market leaders such as the Cliffwater Corporate Lending Fund, Partners Group Private Equity (Master Fund), LLC, and ACAP Strategic Fund.

    “The non-listed CEF market continues to grow with a total of 51 funds in the SEC registration process at the end of the first quarter,” Flynn noted. “While the SEC backlog decreased by seven funds from the end of Q1 2025 to the end of Q2 2025, we believe there will still be significant growth in the market this year. So far in 2025, there have been 46 new SEC filings, compared to 27 new filings from this point in 2024, representing a 70% increase in registrations” she added.

    Newly launched non-listed CEFs spent around six months in the SEC registration process, with the fund’s asset class continuing to be the main driver of time spent in the SEC review process. Tax-Free Bond funds were the quickest to launch, at 150 days on average spent in registration.

    At 53%, the majority of interval and tender offer funds do not have any suitability restrictions for investors imposed at the fund level — 27% of funds are available to accredited investors and 20% are only available to qualified clients. The amount of funds offered with no suitability restrictions is also predicted to increase with recent changes in a SEC Staff position. Following this change in position, many interval and tender offer funds have filed prospectus supplements removing accredited investor requirements.

    According to Flynn, “We expect more funds to reduce their suitability requirements in the near future and for many new funds to forgo accredited investor requirements.” Alternative funds without suitability restrictions also prove to be more accessible and have gathered more assets at $130.5 billion in managed assets or 57% of market-wide assets.

    For more information on the interval fund market and to read our full quarterly report on non-listed CEFs, please visit the CEF Market research page linked here and click ‘Subscribe’ for access to XA Investments’ online research portal and pricing information. In addition, please contact info@xainvestments.com or 888-903-3358 with questions.

    About XA Investments
    XA Investments LLC (“XAI”) is a Chicago-based firm founded by XMS Capital Partners in 2016. XAI serves as the investment adviser for two listed closed-end funds and an interval closed-end fund, respectively the XAI Octagon Floating Rate & Alternative Income Trust, the XAI Madison Equity Premium Income Fund, and the Octagon XAI CLO Income Fund. In addition to investment advisory services, the firm also provides investment fund structuring and consulting services focused on registered closed-end funds to meet institutional client needs. XAI offers custom product build and consulting services, including product development and market research, marketing and fund management. XAI believes that the investing public can benefit from new vehicles to access a broad range of alternative investment strategies and managers. For more information, please visit www.xainvestments.com.

    Note: Net flows are reported in Form NPORT-P (“NPORTs”), which are filed quarterly with the SEC. NPORT filings are typically lagged 60 days from the end of the reporting period. The net flows data in this report is as of 3/31/2025 and represents the latest publicly available data.

    Sources: XA Investments; CEFData.com; SEC Filings.

    Notes: All information as of 6/30/2025 unless otherwise noted. Total managed assets is inclusive of leverage. The non-listed CEF market is subject to lags in reporting and limited data availability. Data such as asset levels, net flows, and performance are delayed up to 90 days after quarter-end and are not available for all funds. All data in the report is the most current available. Please contact our team if you have any questions about the non-listed CEF marketplace.

    The MIL Network –

  • MIL-OSI: MCGlobalHub Launches Real-Time Investor Intelligence Tool to Deliver Actionable Signals

    Source: GlobeNewswire (MIL-OSI)

    LONDON, July 22, 2025 (GLOBE NEWSWIRE) — MCGlobalHub, a global financial company, has introduced a new Real-Time Investor Intelligence feature. The tool is designed to provide live market signals and assist the user in monitoring the market activity in real-time.

    The tool is part of MCGlobalHub’s trading system and works on both desktop and mobile browsers. It displays trading indicators in terms of price action, market direction and latest news. Users can see the data in their dashboards without using any third-party service.

    Live Signals to Assist Users in Making Informed Decisions

    The software gathers real-time market data and converts it into straightforward signals. These indicators assist the user in tracking the market without reading long reports or charts. They are categorized according to the type of asset, such as crypto, indices, commodities, and equities.

    A spokesperson of MCGlobalHub said, “Many people felt overwhelmed during rapid market shifts. We consistently heard feedback like, ‘I just need something that can show me what’s happening in real time.’ That’s exactly why we created this, not to dictate decisions, but to help users better understand the market as it unfolds.”

    The company claims that the platform is user-friendly at all levels. It does not employ complicated terminology and does not provide recommendations. Rather, it provides data-driven signals and lets consumers determine how to use them.

    No Additional Charge or Complicated Installation

    All users with a trading account can access the Real-Time Investor Intelligence Platform at no cost. It does not require any additional charge. It is already integrated into the trading interface and does not require additional software to be installed.

    According to the spokesperson, “We didn’t want to turn it into a paid feature or add unnecessary steps. The idea was to keep it straightforward: log in, and it’s there. You have full control to switch it on or off whenever it suits you.”

    Users can choose which signals they want to see and which ones to hide. The company also said it will keep updating the platform based on how people use it and what feedback they give.

    Responding to a Need in the Market

    MCGlobalHub built the platform after seeing a rise in demand for tools that offer fast and clear updates. Many users were using outside apps or websites to track market signals. The company wanted to make that part of the experience easier and keep it all in one place.

    “People don’t want to jump between apps while trying to make a trade. It’s stressful and easy to miss things. We just wanted to reduce that stress,” the spokesperson added.

    The system uses set rules to scan the market. It doesn’t guess future moves. It simply reads what’s happening and turns that into alerts. This way, users stay in control.

    Supporting Smarter Trading, Not Automated Advice

    The company stressed that this tool isn’t about giving answers. It’s there to support the decision-making process with raw, real-time data.

    “We’re not here to tell you what to buy or sell, that’s not our role,” the spokesperson said. “But if we can provide a tool that helps you feel more confident in your next move, then we know we’re on the right track.”

    The company said it will watch how users interact with the platform in the coming months. Future updates will depend on that data and user input.

    About MCGlobalHub

    MCGlobalHub is a multi-asset access provider offering a range of trading instruments, including commodities, equities, indices, and cryptocurrencies. The company provides a web-based trading platform accessible on desktop and mobile devices, with standard functionality and security measures, including encryption and account verification. MCGlobalHub prioritizes fast trade execution, offers various deposit and withdrawal methods, and provides customer support through multiple channels.

    Media Contact:
    Company Address: One Canada Square London
    Contact Name: Charles Simpson
    E-mail: Charles.Simpson@MCglobalHub.com

    Disclaimer: This press release is provided by MCGlobalHub. 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.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 –

  • MIL-OSI: Taxback International rebrands as Fintua

    Source: GlobeNewswire (MIL-OSI)

    Kilkenny, Ireland , July 22, 2025 (GLOBE NEWSWIRE) — Taxback International, a global leader in VAT compliance and recovery, has officially rebranded as Fintua. This rebrand represents the fusion of decades of indirect tax expertise with next-generation SaaS technology, setting a new standard for digital solutions in the fintech space. With this rebrand, the company reinforces its commitment to delivering smarter, more scalable fintech solutions to accelerate positive digital change across the indirect tax landscape.

    Fintua are a global fintech leader, delivering specialist tax technology solutions for indirect tax recovery, compliance, eInvoicing and payments.

    Why the change?

    Fintua represents the evolution of our business from a specialist in VAT reclaim to a global technology expert in the wider fintech industry. As indirect tax grows more complex, businesses are seeking smarter, more agile solutions. Our rebrand signals a commitment to empowering global tax and finance professionals with innovative technology that simplifies complexity, reduces risk and transforms how tax is managed. 

    The name Fintua blends our financial technology focus with a strong connection to our Irish heritage. Fin reflects our fintech expertise, while Tua derived from the Irish word tuath (meaning people or community), highlights our collaborative and client-centric values.  

    A new chapter of innovation 

    Rebranding to Fintua represents more than a name change – it is a statement of intent. We remain the trusted partner our clients know, but with an even greater focus on developing intuitive, expert-built technology that meets both current and future tax challenges. 

    “As we embark on this exciting journey to become Fintua, I am thrilled to see our company evolve into a brand that truly reflects our innovative spirit and commitment to tax technology,” said Catherine Quirke, CEO of Fintua. “This rebranding marks a significant milestone in our growth, and identifies with our ability and commitment to deliver cutting-edge solutions that meet the evolving needs of our customers.” 

    Fintua’s vision is to be a leader in breakthrough technology, accelerating positive digital change throughout the indirect tax and wider fintech community. Our values; empowering, progressive, collaborative, and perceptive—will continue to guide every solution we deliver. 

    “The rebrand of Taxback International to Fintua is a proud moment for all of us at CluneTech. It’s a reflection of how far the business has come since its early days in Kilkenny – growing from a VAT reclaim specialist into a global technology leader in tax and fintech. For me, Fintua stands for innovation, ambition, and the power of a great team working together to solve complex challenges for businesses worldwide. I’m excited to see Fintua lead the way into this new era, continuing our tradition of empowering clients and driving positive change across the industry.” – Terry Clune, CEO and Founder of CluneTech. 

    About Fintua

    Fintua is a global fintech leader, delivering specialist tax technology solutions for indirect tax recovery, compliance, eInvoicing and payments. 

    Press inquiries

    Fintua
    https://fintua.com/
    Katie Fitzpatrick
    kfitzpatrick@fintua.com
    +353 87 020 3636
    IDA Business and Technology Park,
    Ring Road,
    Kilkenny,
    R95 ETN5

    The MIL Network –

  • MIL-OSI: QNB Corp. Reports Earnings for Second Quarter 2025

    Source: GlobeNewswire (MIL-OSI)

    QUAKERTOWN, Pa., July 22, 2025 (GLOBE NEWSWIRE) — QNB Corp. (the “Company” or “QNB”) (OTCQX: QNBC), the parent company of QNB Bank (the “Bank”), reported net income for the second quarter of 2025 of $3,883,000 or $1.04 per share on a diluted basis. This compares to net income of $2,465,000, or $0.67 per share on a diluted basis, for the same period in 2024. For the six months ended June 30, 2025, QNB reported net income of $6,461,000, or $1.74 per share on a diluted basis. This compares to net income of $5,059,000, or $1.38 per share on a diluted basis, reported for the same period in 2024.

    For the second quarter ended June 30, 2025, the annualized rate of return on average assets and average shareholders’ equity was 0.83% and 14.25%, respectively, compared with 0.57% and 10.73%, respectively, for the second quarter 2024.

    The operating performance of the Bank, a wholly-owned subsidiary of QNB Corp., improved for the quarter ended June 30, 2025, in comparison with the same period in 2024, due primarily to improvement in the interest margin causing a $2,915,000 increase in net interest income and a reduction in the provision for credit losses on loans and unfunded commitments of $260,000; this was partly offset by a decrease in non-interest income of $146,000 and an increase in non-interest expense of $539,000. The change in contribution from QNB Corp. for the quarter ended June 30, 2025, compared with the same period in 2024, is primarily due to a decrease in net interest income of $855,000, related to the subordinated debt issuance in 2024.

    The following table presents disaggregated net income (loss):

      Three months ended,           Six months ended,        
      6/30/2025     6/30/2024     Variance     6/30/2025     6/30/2024     Variance  
    QNB Bank $ 4,679,000     $ 2,741,000     $ 1,938,000     $ 7,971,000     $ 5,072,000     $ 2,899,000  
    QNB Corp   (796,000 )     (276,000 )     (520,000 )     (1,510,000 )     (13,000 )     (1,497,000 )
    Consolidated net income $ 3,883,000     $ 2,465,000     $ 1,418,000     $ 6,461,000     $ 5,059,000     $ 1,402,000  
     

    Total assets as of June 30, 2025 were $1,884,828,000 compared with $1,870,894,000 at December 31, 2024. Total cash and cash equivalents increased $15,758,000, or 31.1%, to $66,471,000, primarily due to increases in customer deposits. Loans receivable increased $2,491,000 to $1,218,539,000. Total deposits increased $23,126,000, or 1.4%, to $1,651,667,000. Long-term borrowing declined $30,000,000 and short-term borrowing increased $13,620,000.

    “Consistent with the first quarter, the Bank’s operating performance continued to improve in the second quarter, primarily driven by an expanding net interest margin that positively impacted net interest income,” said David W. Freeman, President and Chief Executive Officer. He added, “Loan and deposit balances remained stable, with modest increases. This tempered growth reflects our customers’ continued cautious borrowing and spending amid ongoing economic uncertainty. Looking ahead, we remain cautiously optimistic about the second half of the year, supported by a strengthening pipeline and signs of businesses adapting to a new economic environment.”

    Net Interest Income and Net Interest Margin

    Net interest income for the quarter ended June 30, 2025 totaled $12,652,000, an increase of $2,060,000, from the same period in 2024. Net interest margin was 2.69% for the second quarter of 2025 and 2.46% for the same period in 2024. Net interest margin was 2.60% for the six months ended June 30, 2025, compared with 2.43% for the same period in 2024.

    The yield on earning assets was 4.90% for the second quarter of 2025, compared with 4.70% in the second quarter of 2024; an increase of 20 basis points. For the six-month period ended June 30, 2025, the yield on earning assets was 4.85%, compared with 4.64% for the same period in 2024. The cost of interest-bearing liabilities was 2.68% for the second quarter ended June 30, 2025, compared with 2.73% for the same period in 2024, a decrease of five basis points. For the six-month period ended June 30, 2025, the cost of interest-bearing liabilities was 2.72% compared with 2.70% for the same period in 2024.

    Proceeds from the growth in average deposits and the issuance of subordinated debt over the past year were invested in loans, higher-yielding securities and used to pay down short-term borrowings. Loan growth was primarily in commercial real estate, which comprised 45.5% of average earning assets in the six months of 2025 compared with 45.2% for the same period in 2024, and the increases in both rates and volume in commercial real estate loans majorly contributed to the 29 basis-point increase in the yield on loans. The increase in the available-for-sale investments portfolio was primarily in corporate debt securities. The 18-basis point increase in rate on investments was primarily due to the 96-basis point increase in the yield on corporate debt securities. The average rate paid on interest-bearing deposits decreased 22 basis points; this was more than offset by the issuance of subordinated debt, which was the primary contributor to the increase in the cost of funds of two basis points.

    Asset Quality, Provision for Credit Losses on Loans and Allowance for Credit Losses

    QNB recorded a reversal of $145,000 in the provision for credit losses on loans in the second quarter of 2025 compared to a $132,000 provision in the second quarter of 2024. QNB recorded a provision of $406,000 in the provision for credit losses on loans for the six-month ended June 30, 2025 compared to a $39,000 provision for the same period of 2024. QNB’s allowance for credit losses on loans of $9,169,000 represents 0.75% of loans receivable at June 30, 2025, compared to $8,744,000, or 0.72% of loans receivable at December 31, 2024. The three-basis point increase in the allowance for credit losses on loans was primarily due to an increase in loans and reserves for collateral dependent loans partly offset by an improvement in the economic outlook. Net loan recoveries were $16,000 for the quarter ended June 30, 2025, compared with charge-offs of $12,000 for the same period in 2024. Annualized net loan recoveries for the quarter ended June 30, 2025 were 0.01% and annualized net loan charge-offs were 0.00% for the quarter ended June 30, 2024, of average loans receivable, respectively. Net loan recoveries were $19,000 for the six months ended June 30, 2025, compared with charge-offs of $33,000 for the same period in 2024. Annualized net loan recoveries for the six months ended June 30, 2025 were 0.00% compared to annualized net charge-offs of 0.01% for the same period in 2024, of average loans receivable, respectively.

    Total non-performing loans, which represent loans on non-accrual status and loans past due 90 days or more and still accruing interest, were $8,947,000, or 0.73% of loans receivable at June 30, 2025, compared with $1,975,000, or 0.16% of loans receivable at December 31, 2024. The increase was primarily due to one commercial customer relationship. In cases where there is a collateral shortfall on non-accrual loans, specific reserves have been established based on updated collateral values even if the borrower continues to pay in accordance with the terms of the agreement. At June 30, 2025, $7,841,000, or approximately 88% of the loans classified as non-accrual, are current or past due less than 30 days. Commercial loans classified as substandard or doubtful loans totaled $34,275,000 at June 30, 2025, compared with $34,301,000 at December 31, 2024; these were comprised primarily of commercial real estate loans.

    Non-Interest Income

    Total non-interest income was $1,652,000 for the second quarter of 2025 compared with $1,465,000 for the same period in 2024. There were no realized and unrealized gain/loss on securities for the quarter ended June 30, 2025 compared to a net loss of $80,000 in the same period in 2024. Excluding the net realized and unrealized gains on securities, non-interest income increased $107,000, or 6.9%. During the second quarter of 2024 the Bank sold lower-yielding securities to better position its net interest margin; the total loss on security sales was $1,096,000. The Bank also completed the exchange offer to convert its Visa B-1 shares to B-2 and C shares; the Bank recorded a $1,354,000 unrealized gain on the Visa C shares in the second quarter of 2024.

    Fees for service to customers increased $58,000 for the quarter ended June 30, 2025, as overdraft fees increased $45,000 and other deposit-related fees increased $13,000. ATM and debit card increased $19,000 due to volume. Retail brokerage and advisory income increased $14,000 to $140,000 for the same period. Other non-interest income increased $10,000 for the same period due to an increase in letter of credit fees of $7,000 and referral income of $6,000.

    For the six months ended June 30, 2025, non-interest income was $3,236,000 a decrease of $65,000 compared to the same period in 2024, primarily due to the change in fair value of the equities portfolio of $986,000 in 2024; primarily related to the Visa stock conversion discussed above. Realized loss on sale of securities in 2024 was $719,000. Net gain on sale of loans increased $9,000 when comparing the six months ended June 30, 2025 with the same period in 2024. Increases in non-interest income for the six months ended June 30, 2025 compared to the same period in 2024 comprise: fees for services to customers, ATM and debit card fees and retail brokerage and advisory, which increased $85,000, $39,000 and $62,000, respectively. Other non-interest income increased $7,000 due primarily to increases in letter of credit fees and title insurance company income partly offset by a decrease in merchant servicing income.

    Non-Interest Expense

    Total non-interest expense was $9,562,000 for the second quarter of 2025 compared with $8,934,000 for the same period in 2024. Salaries and benefits expense increased $213,000, or 4.2%, to $5,251,000 when comparing the two quarters. Salary expense and related payroll taxes increased $350,000, or 8.5%, to $4,447,000 during the second quarter of 2025 compared to the same period in 2024, primarily due to pay increases. Benefits expense decreased $177,000, or 31.3%, when comparing the two periods primarily due to a reduction in medical costs.

    Net occupancy and furniture and equipment expense increased $200,000, or 13.5%, to $1,681,000 for the second quarter of 2025 primarily due to software maintenance costs and depreciation. Other non-interest expense increased $215,000, or 8.9%, when comparing second quarter of 2025 with the same period in 2024 due to an increase in third-party services of $127,000 related to information technology services and consultant expense and an increase in write-offs relating to fraud on customer accounts of $150,000. These increases were partly offset by the recording of a potential expense of $85,000 related to the Visa stock exchange make-whole agreement in the 2024 period.

    For the six months ended June 30, 2025, non-interest expense was $18,931,000, an increase of $1,164,000, or 6.6%, compared to the same period in 2024.

    Income Taxes

    Provision for income taxes increased $461,000 to $1,005,000 in the second quarter of 2025 due increased pre-tax income, compared with the same period in 2024. The effective tax rate for the quarter ended June 30, 2025 was 20.6% compared with 18.1% for the same period in 2024. The effective tax rate for the six months ended June 30, 2025 was 20.1% compared with 19.3% for the same period in 2024.

    About the Company

    QNB Corp. is the holding company for QNB Bank, which is headquartered in Quakertown, Pennsylvania. QNB Bank currently operates twelve branches in Bucks, Lehigh and Montgomery Counties and offers commercial and retail banking services in the communities it serves. In addition, the Company provides securities and advisory services under the name of QNB Financial Services through a registered Broker/Dealer and Registered Investment Advisor, and title insurance as a member of Laurel Abstract Company LLC. More information about QNB Corp. and QNB Bank is available at QNBBank.com.

    Forward Looking Statement

    This press release may contain forward-looking statements as defined in the Private Securities Litigation Act of 1995. Actual results and trends could differ materially from those set forth in such statements due to various factors. Such factors include the possibility that increased demand or prices for the Company’s financial services and products may not occur, changing economic and competitive conditions, technological developments, and other risks and uncertainties, including those detailed in the Company’s filings with the Securities and Exchange Commission, including “Item lA. Risk Factors,” set forth in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2024. You should not place undue reliance on any forward-looking statements. These statements speak only as of the date of this press release, even if subsequently made available by the Company on its website or otherwise. The Company undertakes no obligation to update or revise these statements to reflect events or circumstances occurring after the date of this press release.

    QNB Corp.  
    Consolidated Selected Financial Data (unaudited)  
    (Dollars in thousands)                    
    Balance Sheet (Period End) 6/30/25   3/31/25   12/31/24   9/30/24   6/30/24  
    Assets $ 1,884,828   $ 1,896,189   $ 1,870,894   $ 1,841,563   $ 1,761,487  
    Cash and cash equivalents   66,471     81,557     50,713     104,232     76,909  
    Investment securities                    
    Debt securities, AFS   544,262     547,138     546,559     510,036     460,418  
    Equity securities   —     —     —     2,760     7,233  
    Loans held-for-sale   1,166     248     664     294     786  
    Loans receivable   1,218,539     1,212,162     1,216,048     1,171,361     1,162,310  
    Allowance for credit losses on loans   (9,169 )   (9,298 )   (8,744 )   (8,987 )   (8,858 )
    Net loans   1,209,370     1,202,864     1,207,304     1,162,374     1,153,452  
    Deposits   1,651,667     1,664,555     1,628,541     1,626,284     1,572,839  
    Demand, non-interest bearing   201,460     203,666     183,499     190,240     190,333  
    Interest-bearing demand, money market and savings   1,060,688     1,083,011     1,063,584     1,055,409     1,003,813  
    Time   389,519     377,878     381,458     380,635     378,693  
    Short-term borrowings   67,464     43,299     53,844     22,918     49,066  
    Long-term debt   —     30,000     30,000     30,000     30,000  
    Subordinated debt   39,168     39,118     39,068     39,030     —  
    Shareholders’ equity   113,269     108,223     103,349     105,340     96,885  
                         
    Asset Quality Data (Period End)                    
    Non-accrual loans $ 8,947   $ 8,651   $ 1,975   $ 1,696   $ 2,078  
    Loans past due 90 days or more and still accruing   —     —     —     —     —  
    Non-performing loans   8,947     8,651     1,975     1,696     2,078  
    Other real estate owned and repossessed assets   —     —     —     —     —  
    Non-performing assets $ 8,947   $ 8,651   $ 1,975   $ 1,696   $ 2,078  
                         
    Allowance for credit losses on loans $ 9,169   $ 9,298   $ 8,744   $ 8,987   $ 8,858  
                         
    Non-performing loans / Loans excluding held-for-sale   0.73 %   0.71 %   0.16 %   0.14 %   0.18 %
    Non-performing assets / Assets   0.47 %   0.46 %   0.11 %   0.09 %   0.12 %
    Allowance for credit losses on loans / Loans excluding held-for-sale   0.75 %   0.77 %   0.72 %   0.77 %   0.76 %
     
    QNB Corp.
    Consolidated Selected Financial Data (unaudited)
    (Dollars in thousands, except per share data) Three months ended,   Six months ended,
    For the period: 6/30/25 3/31/25 12/31/24 9/30/24 6/30/24   6/30/25 6/30/24
    Interest income $ 23,110   $ 22,198   $ 22,209   $ 21,945   $ 20,345     $ 45,308   $ 39,914  
    Interest expense   10,458     10,661     11,234     10,818     9,753       21,119     19,154  
    Net interest income   12,652     11,537     10,975     11,127     10,592       24,189     20,760  
    (Reversal of) provision for credit losses   (146 )   550     (255 )   159     114       404     28  
    Net interest income after provision for credit losses   12,798     10,987     11,230     10,968     10,478       23,785     20,732  
    Non-interest income:                
    Fees for services to customers   485     447     454     469     427       932     847  
    ATM and debit card   724     656     708     691     705       1,380     1,341  
    Retail brokerage and advisory income   140     141     118     139     126       281     219  
    Net realized gain (loss) on investment securities   –     –     1,414     224     (1,096 )     –     (719 )
    Unrealized (loss) gain on equity securities   –     –     (1,344 )   143     1,016       –     986  
    Net (loss) gain on sale of loans   4     18     (3 )   19     (2 )     22     13  
    Other   299     322     298     282     289       621     614  
    Total non-interest income   1,652     1,584     1,645     1,967     1,465       3,236     3,301  
    Non-interest expense:                
    Salaries and employee benefits   5,251     5,032     5,079     4,650     5,038       10,283     10,012  
    Net occupancy and furniture and equipment   1,681     1,736     1,653     1,531     1,481       3,417     2,996  
    Other   2,630     2,601     2,349     2,455     2,415       5,231     4,759  
    Total non-interest expense   9,562     9,369     9,081     8,636     8,934       18,931     17,767  
    Income before income taxes   4,888     3,202     3,794     4,299     3,009       8,090     6,266  
    Provision for income taxes   1,005     624     743     961     544       1,629     1,207  
    Net income $ 3,883   $ 2,578   $ 3,051   $ 3,338   $ 2,465     $ 6,461   $ 5,059  
    Share and Per Share Data:                
    Net income – basic $ 1.05   $ 0.70   $ 0.83   $ 0.91   $ 0.67     $ 1.74   $ 1.38  
    Net income – diluted $ 1.04   $ 0.69   $ 0.83   $ 0.91   $ 0.67     $ 1.74   $ 1.38  
    Book value $ 30.46   $ 27.96   $ 28.57   $ 26.34   $ 25.57     $ 30.46   $ 25.57  
    Cash dividends $ 0.38   $ 0.38   $ 0.37   $ 0.37   $ 0.37     $ 0.76   $ 0.74  
    Average common shares outstanding -basic   3,710,878     3,699,854     3,688,078     3,679,799     3,665,695       3,705,396     3,660,435  
    Average common shares outstanding -diluted   3,724,808     3,713,141     3,695,518     3,682,773     3,665,695       3,718,513     3,660,435  
    Selected Ratios:                
    Return on average assets (1)   0.83 %   0.56 %   0.66 %   0.74 %   0.57 %     0.69 %   0.59 %
    Return on average shareholders’ equity (1)   14.25 %   9.73 %   11.62 %   13.25 %   10.73 %     12.02 %   11.05 %
    Net interest margin (tax equivalent)   2.69 %   2.51 %   2.38 %   2.48 %   2.46 %     2.60 %   2.43 %
    Efficiency ratio (tax equivalent)   66.39 %   70.65 %   71.16 %   65.27 %   73.26 %     68.43 %   73.00 %
    Average shareholders’ equity to total average assets   5.79 %   5.74 %   5.65 %   5.59 %   5.35 %     5.77 %   5.35 %
    Net loan (recoveries) charge-offs $ (16 ) $ (3 ) $ 1   $ 25   $ 12     $ (19 ) $ 33  
    Net loan (recoveries) charge-offs – annualized / Average loans excluding held-for-sale   -0.01 %   0.00 %   0.00 %   0.01 %   0.00 %     0.00 %   0.01 %
    Balance Sheet (Average)                
    Assets (1) $ 1,887,138   $ 1,872,950   $ 1,848,524   $ 1,792,952   $ 1,729,132     $ 1,880,083   $ 1,719,837  
    Investment securities   621,128     614,329     552,323     569,135     578,615       623,827     573,876  
    Loans receivable   1,216,011     1,193,949     1,158,731     1,139,874     1,108,836       1,213,173     1,124,354  
    Deposits   1,647,990     1,635,629     1,600,925     1,542,661     1,497,692       1,640,634     1,520,176  
    Shareholders’ equity (1)   109,299     107,503     104,433     100,192     92,432       108,406     92,064  
                     
    (1) In 2025, the Company changed its calculation of average assets and average equity to include the impact of accumulated other comprehensive income (loss), net of tax, to align its calculation with its peer group. Prior period information has been restated for this new calculation; specifically impacting the non-GAAP performance ratios for return on average assets and return on average equity.
     
    QNB Corp. (Consolidated)  
    Average Balances, Rate, and Interest Income and Expense Summary (Tax-Equivalent Basis)  
                               
      Three Months Ended  
      June 30, 2025     June 30, 2024  
      Average   Average         Average   Average      
      Balance   Rate   Interest     Balance   Rate   Interest  
    Assets                          
    Investment securities:                          
    U.S. Treasury $ 21,032     4.24 % $ 223     $ 6,824     5.19 % $ 88  
    U.S. Government agencies   75,963     1.18     224       84,558     1.17     246  
    State and municipal   105,090     2.88     756       107,881     3.51     947  
    Mortgage-backed and CMOs   354,349     2.46     2,184       356,650     2.73     2,436  
    Corporate debt securities and mutual funds   64,694     6.38     1,031       6,721     5.72     96  
    Equities   –     –     –       6,501     3.55     57  
    Total investment securities   621,128     2.84     4,418       569,135     2.72     3,870  
    Loans:                          
    Commercial real estate   863,096     5.94     12,775       801,691     5.46     10,876  
    Residential real estate   114,600     4.38     1,255       108,693     4.07     1,106  
    Home equity loans   70,666     6.41     1,130       65,575     6.83     1,114  
    Commercial and industrial   145,262     7.41     2,682       142,174     7.60     2,686  
    Consumer loans   3,355     7.70     65       3,781     7.50     71  
    Tax-exempt loans   19,347     4.23     205       18,284     3.87     176  
    Total loans, net of unearned income*   1,216,326     5.97     18,112       1,140,198     5.65     16,029  
    Other earning assets   61,355     4.45     680       43,200     5.44     584  
    Total earning assets   1,898,809     4.90     23,210       1,752,533     4.70     20,483  
    Cash and due from banks   13,806               13,313          
    Accumulated other comprehensive loss, net of tax   (59,922 )             (68,908 )        
    Allowance for credit losses on loans   (9,376 )             (8,885 )        
    Other assets   43,821               41,079          
    Total assets $ 1,887,138             $ 1,729,132          
                               
    Liabilities and Shareholders’ Equity                          
    Interest-bearing deposits:                          
    Interest-bearing demand $ 376,735     0.94 %   888     $ 334,017     0.84 %   702  
    Municipals   146,214     3.92     1,427       132,762     4.81     1,587  
    Money market   259,621     2.88     1,862       229,984     3.58     2,049  
    Savings   281,076     1.29     901       290,172     1.28     924  
    Time < $100   179,411     3.61     1,617       170,640     4.03     1,708  
    Time $100 through $250   155,026     3.99     1,542       143,315     4.59     1,636  
    Time > $250   51,832     4.08     527       53,316     4.63     614  
    Total interest-bearing deposits   1,449,915     2.42     8,764       1,354,206     2.74     9,220  
    Short-term borrowings   70,942     3.90     689       52,383     1.52     199  
    Long-term debt   5,495     4.79     67       28,132     4.70     334  
    Subordinated debt   39,141     9.58     938       —     —     —  
    Total borrowings   115,578     5.88     1,694       80,515     2.66     533  
    Total interest-bearing liabilities   1,565,493     2.68     10,458       1,434,721     2.73     9,753  
    Non-interest-bearing deposits   198,075               188,455          
    Other liabilities   14,271               13,524          
    Shareholders’ equity   109,299               92,432          
    Total liabilities and                          
    shareholders’ equity $ 1,887,138             $ 1,729,132          
    Net interest rate spread       2.22 %             1.97 %    
    Margin/net interest income       2.69 % $ 12,752           2.46 % $ 10,730  
    Tax-exempt securities and loans were adjusted to a tax-equivalent basis and are based on the Federal corporate tax rate of 21%  
    Non-accrual loans and investment securities are included in earning assets.  
    * Includes loans held-for-sale  
       
    QNB Corp. (Consolidated)  
    Average Balances, Rate, and Interest Income and Expense Summary (Tax-Equivalent Basis)  
                               
      Six Months Ended  
      June 30, 2025     June 30, 2024  
      Average   Average         Average   Average      
      Balance   Rate   Interest     Balance   Rate   Interest  
    Assets                          
    Investment securities:                          
    U.S. Treasury $ 20,596     4.31 % $ 440     $ 6,803     5.26 % $ 178  
    U.S. Government agencies   75,962     1.18     448       84,755     1.17     494  
    State and municipal   105,172     2.87     1,510       108,027     3.46     1,871  
    Mortgage-backed and CMOs   358,969     2.45     4,392       361,317     2.66     4,809  
    Corporate debt securities and mutual funds   63,128     6.62     2,089       6,714     5.66     190  
    Equities   –     –     –       6,260     3.63     113  
    Total investment securities   623,827     2.85     8,879       573,876     2.67     7,655  
    Loans:                          
    Commercial real estate   860,363     5.82     24,844       788,413     5.40     21,176  
    Residential real estate   114,436     4.36     2,493       108,808     3.99     2,172  
    Home equity loans   69,327     6.41     2,204       63,922     6.82     2,169  
    Commercial and industrial   146,962     7.41     5,399       141,233     7.55     5,301  
    Consumer loans   3,400     7.69     130       3,712     7.80     144  
    Tax-exempt loans   19,073     4.19     397       18,462     3.85     353  
    Total loans, net of unearned income*   1,213,561     5.89     35,467       1,124,550     5.60     31,315  
    Other earning assets   54,536     4.44     1,202       44,922     5.48     1,223  
    Total earning assets   1,891,924     4.85     45,548       1,743,348     4.64     40,193  
    Cash and due from banks   13,517               13,041          
    Accumulated other comprehensive loss, net of tax   (59,954 )             (68,475 )        
    Allowance for credit losses on loans   (9,059 )             (8,916 )        
    Other assets   43,655               40,839          
    Total assets $ 1,880,083             $ 1,719,837          
                               
    Liabilities and Shareholders’ Equity                          
    Interest-bearing deposits:                          
    Interest-bearing demand $ 378,504     0.98 %   1,832     $ 327,961     0.82 %   1,345  
    Municipals   147,887     3.93     2,883       132,325     4.81     3,164  
    Money market   257,952     2.88     3,680       228,928     3.57     4,064  
    Savings   280,371     1.29     1,794       294,262     1.28     1,873  
    Time < $100   178,958     3.70     3,287       164,175     3.90     3,181  
    Time $100 through $250   154,578     4.12     3,155       135,464     4.47     3,013  
    Time > $250   50,317     4.19     1,045       51,536     4.43     1,136  
    Total interest-bearing deposits   1,448,567     2.46     17,676       1,334,651     2.68     17,776  
    Short-term borrowings   59,300     3.90     1,145       69,912     2.37     824  
    Long-term debt   17,735     4.74     423       24,066     4.56     554  
    Subordinated debt   39,117     9.59     1,875       —     —     —  
    Total borrowings   116,152     5.98     3,443       93,978     2.95     1,378  
    Total interest-bearing liabilities   1,564,719     2.72     21,119       1,428,629     2.70     19,154  
    Non-interest-bearing deposits   192,067               185,525          
    Other liabilities   14,891               13,619          
    Shareholders’ equity   108,406               92,064          
    Total liabilities and                          
    shareholders’ equity $ 1,880,083             $ 1,719,837          
    Net interest rate spread       2.13 %             1.94 %    
    Margin/net interest income       2.60 % $ 24,429           2.43 % $ 21,039  
    Tax-exempt securities and loans were adjusted to a tax-equivalent basis and are based on the Federal corporate tax rate of 21%  
    Non-accrual loans and investment securities are included in earning assets.  
    * Includes loans held-for-sale                          

    The MIL Network –

  • MIL-OSI: C&F Announces Expansion into Southwest Virginia

    Source: GlobeNewswire (MIL-OSI)

    TOANO, Va., July 22, 2025 (GLOBE NEWSWIRE) — C&F Financial Corporation (the Corporation) (NASDAQ: CFFI), the holding company for C&F Bank, is proud to announce a significant expansion of its commercial banking operations with a seasoned team that will establish its presence in Southwest Virginia. This strategic move positions C&F to serve key markets including Roanoke, Lynchburg, Danville, Martinsville, and Blacksburg.

    Leading this expansion is Matt Hubbard, who joins as Southwest Virginia Regional President. With over 15 years of commercial banking leadership experience, most recently at Atlantic Union Bank, (formerly American National Bank). Matt brings deep market knowledge and a strong commitment to community engagement. He is a graduate of Radford University and the William & Mary Mason School of Business.

    Joining Matt are two highly respected banking professionals:

    • Sally Siveroni, Commercial Credit Officer, began her banking career in 1986 and most recently served as Regional Credit Officer at Atlantic Union Bank. She is a graduate of James Madison University.
    • James Little, Commercial Banking Relationship Manager, has 17 years of experience in both retail and commercial banking. A fellow James Madison University graduate and VBA Bank School alumnus, James is also deeply involved in community initiatives.

    “We are thrilled to welcome Matt, Sally, and James to the C&F family,” said Tom Cherry, President and CEO of C&F Bank. “Their expertise and strong community ties will accelerate our growth in this promising region, where we already enjoy strong customer relationships.”

    With this expansion, C&F is now firmly positioned as one of the premier community banks serving the entire Commonwealth of Virginia—an achievement that underscores the company’s strategic vision and competitive strength.

    About C&F

    C&F Bank operates 31 banking offices and five commercial loan offices located throughout Virginia and offers full wealth management services through its subsidiary C&F Wealth Management, Inc. C&F Mortgage Corporation and its subsidiary C&F Select LLC provide mortgage loan origination services through offices located in Virginia and the surrounding states. C&F Finance Company provides automobile, marine and recreational vehicle loans through indirect lending programs offered primarily in the Mid-Atlantic, Midwest and Southern United States from its headquarters in Henrico, Virginia.

    Additional information regarding the Corporation’s products and services, as well as access to its filings with the Securities and Exchange Commission, are available on the Corporation’s website at http://www.cffc.com.

    Contact: Jason Long, CFO and Secretary
      (804) 843-2360

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/7e0101d3-4ffc-436f-a151-f7f79df53bdd

    The MIL Network –

  • MIL-OSI: Layton Construction and TrueLook Partner to Deliver Complete Construction Site Visibility for Utah Mammoth’s New Practice Facility

    Source: GlobeNewswire (MIL-OSI)

    SALT LAKE CITY, July 22, 2025 (GLOBE NEWSWIRE) — Layton Construction, a leading national commercial contractor, is collaborating with TrueLook, an innovator in jobsite camera technology, to provide comprehensive visual oversight for the construction of the Utah Mammoth’s new practice and training facility at the Shops at South Town in Sandy.

    As the general contractor for this project, Layton Construction is leveraging TrueLook’s solutions, including a high-resolution 4K IR fixed camera and an intuitive platform. These technologies are providing Layton’s project managers with comprehensive, real-time visibility across the entire construction site.

    The integration of TrueLook’s cameras provides several key benefits, such as helping the project remain on schedule and keeping stakeholders consistently informed. The improved visibility allows Layton’s team to proactively monitor progress, identify potential challenges early, and make data-driven decisions to minimize delays. Furthermore, the visual access provided by the cameras keeps stakeholders directly connected to the project’s evolution, fostering clear communication and collaboration.

    “We rely on TrueLook Cameras to stay on top of what’s happening on our projects 24/7,” says Austin Lay, a Senior VDC Manager at Layton Construction. “With so much going on, it’s reassuring to have that second, third, or even fourth set of eyes helping us. TrueLook has proven to be a great partner, consistently delivering time and time again.”

    TrueLook’s technology offers significant advantages beyond standard monitoring. The 4K IR Fixed Camera captures exceptionally clear imagery, even in low-light or nighttime conditions, providing continuous visual insights into site activity around the clock. This ability to maintain comprehensive visibility, regardless of the time of day, empowers Layton to manage the complex construction process with greater precision.

    This partnership between Layton Construction and TrueLook underscores a commitment to innovation and efficiency in bringing this exciting project to life.

    About Layton Construction

    Layton Construction is a privately held national general contractor, delivering predictable outcomes in commercial construction since 1953. Headquartered in Salt Lake City, Utah, Layton operates from 16 strategic offices across the United States, employing more than 1,400 construction professionals who serve diverse markets including healthcare, education, commercial office, industrial, hospitality, and multi-unit residential. Founded on the core values of honesty, unity, safety, and quality, Layton has built a reputation for excellence in complex project delivery while maintaining strong partnerships with clients, architects, and trade partners nationwide.

    About TrueLook
    TrueLook provides construction teams with total jobsite visibility combining rugged, easy-to-deploy cameras with a powerful platform built for the realities of the field. From live streaming and cinematic time-lapses to AI-powered security, TrueLook helps builders document progress, protect assets, and keep stakeholders aligned. Thousands of projects across North America rely on TrueLook to stay informed and in control at every stage of the build.

    Media Contact
    Allison Shaub
    Chief Marketing Officer
    allison.shaub@truelook.com

    The MIL Network –

  • MIL-OSI: Assembly Software Unveils NeosAI’s First-Year Milestones: From Groundbreaking Launch to Industry-Defining AI Platform

    Source: GlobeNewswire (MIL-OSI)

    CORAL GABLES, Fla., July 22, 2025 (GLOBE NEWSWIRE) — Assembly Software today celebrated a landmark year for NeosAI, showcasing the platform’s most transformative advancements since its June 2024 launch. The July 2025 release marks more than an upgrade; it’s a reimagining of what’s possible when artificial intelligence meets legal practice management.

    The Numbers Tell the Story: A Year of Unprecedented Growth

    • 20+ groundbreaking AI features delivered through continuous innovation cycles
    • Task execution has exploded by 10,000%, drastically increasing processing of legal documents and workflows
    • AI user adoption has skyrocketed 2,500%, with firms of all sizes embracing the platform
    • 75 hours (about 6 days) saved per week per firm – equivalent to hiring two additional full-time legal staff

    From Foundation to Future: The Evolution Timeline

    June 2024: NeosAI launched with a simple premise: eliminate repetitive legal work. Early adopters witnessed immediate impact through streamlined workflows and intelligent automation.

    December 2024: Based on intensive user feedback, Assembly delivered enhanced document processing capabilities and introduced the first generation of NeosAI Chat setting the stage for exponential growth.

    May 2025: Microsoft case study validates Assembly Software’s NeosAI, highlighting a 40% increase in case capacity and a 60% reduction in time-to-settlement, showcasing significant industry impact and third-party endorsement.

    July 2025: Today’s release represents the apex of legal AI evolution, introducing powerful new capabilities, including:

    • Large-Scale Document & Multi-Document Processing: Supporting documents up to approximately 4 million characters (1,500-2,000 pages), NeosAI now handles the most complex litigation files in single sessions – a 400% increase from launch capabilities.
    • Contextual Intelligence 2.0: Users can now leverage case data and multiple long-form documents as context for document generation, producing outputs with ease and accuracy
    • Adaptive Case Intelligence: The revolutionary Case Summary leverages data from user-selected information in Neos & Documents, producing a focused and relevant overview front and center of every case.
    • Hands Off Data Processing: Bulk medical record & invoice extraction capabilities have drastically reduced processing and data entry time.
    • Multi-Dimensional AI Chat: AI Chat’s ability to analyze multiple case documents and Neos data via smart conversation threads make it effortless to summarize, draft, and interrogate documents & case information.
    • Dynamic Form Evolution: Now available for all Neos users, NeosAI takes dynamic forms one step further with precise extraction capabilities.

    Client Success Stories: The Human Impact

    As Sheila Hiestand, McCoy & Hiestand puts it, NeosAI adoption is “about efficiencies. If you’re not evolving, you’re falling behind.”

    Nicole Zutz of Burnetti P.A. loves how NeosAI gives her “the ability to use AI to shorten the amount of time it takes to review a file and the ‘Analyze AI’ parts as well. It helps me with reviewing medical records.”

    Another happy NeosAI user is thrilled to share that “the AI-powered features have helped me manage documents and deadlines effortlessly, freeing up my time to focus on more critical legal research and case preparation.”

    These Neos customers are among the many who have harnessed the platform to significantly increase productivity while alleviating staff burnout. On average, firms save 25 hours per case through NeosAI’s advanced features, and with unlimited AI usage, they are only beginning to realize the full potential and value that AI brings to their operations.

    Looking Forward: The Next Chapter

    Assembly Software’s commitment to continuous innovation means NeosAI’s evolution is far from complete. The company has announced an aggressive roadmap for 2025-2026, including predictive case analytics, integration of advanced reasoning models and deployment of agentic AI for execution of complex tasks.

    About Assembly

    Assembly Software is a visionary technology company dedicated to revolutionizing the legal industry. It blends decades of history and industry experience with next-generation, customer-focused innovation, bringing together two of the legal profession’s pioneering case management brands, Needles and Trialworks, both of which have contributed to Neos, Assembly’s reimagined cloud-based solution. With its premier case management solution, Neos, and the game-changing NeosAI, Assembly Software empowers law firms to exceed expectations and maximize their potential through innovative software solutions.

    To learn more about NeosAI, visit:
    https://www.assemblysoftware.com/neos-ai

    Contacts

    Jessica Collier
    VP of Growth Marketing
    jessica@assemblysoftware.com
    305-357-6500

    The MIL Network –

  • MIL-OSI: RWS and Copyleaks Join Forces to Deliver Built-in AI and Plagiarism Detection for Tridion Users

    Source: GlobeNewswire (MIL-OSI)

    MAIDENHEAD, United Kingdom and BERKSHIRE, United Kingdom, July 22, 2025 (GLOBE NEWSWIRE) — Copyleaks, the AI content analysis and governance platform trusted by enterprises, educators, and governments worldwide, today announced a strategic partnership with RWS, the global leader in language, content, and intellectual property services. Through a new native integration with Tridion Docs, the RWS intelligent content management solution, Copyleaks’ award-winning AI-generated text and plagiarism detection capabilities now operate seamlessly within RWS content workflows, empowering organizations to publish with confidence and integrity at scale.

    As generative AI transforms content creation, organizations face an unprecedented challenge: ensuring the authenticity and originality of the content they publish. From technical documentation and marketing copy to regulatory content and training materials, businesses need to verify not just what they publish, but how it was created and whether it’s safe to use.

    Copyleaks’ comprehensive content integrity platform combines advanced AI detection with plagiarism prevention in one powerful solution. The platform identifies AI-generated text from leading models, including ChatGPT, Gemini, DeepSeek, and Claude, with an accuracy rate of over 99% and support for more than 30 languages. Its sophisticated detection capabilities extend beyond surface-level scans to catch advanced evasion tactics, including character substitution, paraphrasing, and blended human-AI writing.

    At the heart of this detection power is AI Logic, Copyleaks’ latest innovation that reveals the ‘why’ behind AI detection. Unlike traditional black-box approaches, AI Logic provides transparent insights through AI Phrases, which highlight linguistic patterns commonly found in AI-generated content, and AI Source Match, which determines whether text matches AI-generated content that has already been published elsewhere. This level of transparency enables content teams to make informed decisions with clarity and confidence, rather than relying on guesswork.

    Seamless Integration, Powerful Results

    Tridion already helps organizations manage complex, multilingual content at scale. With Copyleaks’ integration, content teams gain automatic analysis capabilities that scan text, code, and paraphrased material before publication. This creates a robust workflow where content authored in Tridion Docs is automatically analyzed by Copyleaks, ensuring every document meets organizational standards for originality and authenticity without disrupting publication cycles.

    Key Integration Benefits

    Automated Content Analysis: Content drafted or uploaded in Tridion Docs undergoes real-time Copyleaks scanning, with issues surfacing instantly to keep projects on schedule while maintaining quality standards.

    AI Governance and Policy Enforcement: Administrators can establish acceptable AI usage policies and receive detailed explanations for any flagged content through AI Logic’s transparent analysis, enabling responsible AI adoption across teams.

    Comprehensive Content Coverage: The integration supports text, code snippets, and multiple file formats, detecting everything from exact copying to sophisticated paraphrasing across diverse content types.

    Enterprise-Scale API Integration: Organizations can extend Copyleaks analysis to any Tridion workflow or third-party system through streamlined API connectivity.

    “Our customers need speed, but never at the expense of integrity,” said Alon Yamin, CEO and co-founder of Copyleaks. “By embedding our detection capabilities directly into Tridion, writers and reviewers can identify AI usage, plagiarism, or licensing risks the moment they occur – no additional steps and no file uploads; just clean, verifiable content that organizations can trust.”

    The Copyleaks connector for Tridion Docs is available immediately to joint customers worldwide. Organizations interested in adding advanced content analysis to their Tridion environment can contact their RWS account representative or request a demonstration at Copyleaks.com.

    About Copyleaks

    Copyleaks is a leading AI text analysis platform empowering businesses and educational institutions to navigate the evolving landscape of generative AI with confidence. With an award-winning suite of AI-powered tools trusted by millions globally, Copyleaks ensures AI governance, enables responsible AI adoption, safeguards intellectual property, and maintains academic integrity through comprehensive AI and plagiarism detection capabilities.

    For additional information, visit Copyleaks.com or follow the company on LinkedIn.

    About RWS

    RWS is a global content solutions company powered by a combination of advanced technology and human expertise. The company enhances the value of ideas, data, and content by helping organizations be understood everywhere.

    With proprietary technology, more than 45 AI patents, and a global team of specialists, RWS enables organizations to bring ideas to market faster, build deeper cross-cultural relationships, and expand into new markets with confidence. Its solutions drive business growth and open up a world of opportunities.

    More than 80 of the world’s top 100 brands rely on RWS to fuel innovation, inform strategic decisions, and shape impactful brand experiences.

    Operating from over 60 global locations across five continents, RWS supports clients across nearly every industry. Headquartered in the UK, the company has been innovating since 1958 and is publicly listed on AIM, the London Stock Exchange’s regulated market (RWS.L).

    For further information, please visit: rws.com.

    The MIL Network –

  • MIL-OSI: ASM reports second quarter 2025 results

    Source: GlobeNewswire (MIL-OSI)

    Almere, The Netherlands
    July 22, 2025, 6 p.m. CET
     
    Solid Q2 results against a backdrop of continued mixed market conditions

    ASM International N.V. (Euronext Amsterdam: ASM) today reports its Q2 2025 results (unaudited).

    Financial highlights

    € million Q2 2024 Q1 2025 Q2 2025
    New orders 755.4 834.2 702.5
    yoy change % at constant currencies 56% 14% (4%)
           
    Revenue 706.1 839.2 835.6
    yoy change % as reported 6% 31% 18%
    yoy change % at constant currencies 6% 26% 23%
           
    Gross profit 352.0 447.8 433.2
    Gross profit margin % 49.8  % 53.4  % 51.8  %
           
    Operating result 177.6 266.2 258.5
    Operating result margin % 25.1  % 31.7 % 30.9  %
           
    Adjusted operating result 1 182.3 271.0 263.2
    Adjusted operating result margin %1 25.8  % 32.3 % 31.5  %
           
    Net earnings (losses) 159.0 (28.9) 202.4
    Adjusted net earnings 1 164.7 191.9 173.0

    1 Adjusted figures are non-IFRS performance measures. Refer to Annex 3 for a reconciliation of non-IFRS performance measures.

    • New orders of €702 million in Q2 2025 decreased by 4% over the same period last year at constant currency (decreased by 7% as reported). Compared to Q1 2025, orders decreased by 10% at constant currency. This sequential decrease is explained by lower advanced logic/foundry orders due to timing of orders. The y-o-y decrease was mainly due to the lumpy nature of quarterly order intake and compared to a relatively high memory contribution in Q2 2024.
    • Revenue of €836 million increased by 23% at constant currencies (increased by 18% as reported) from Q2 last year. At constant currencies, revenue increased by 7% compared to Q1 2025, which was above our guidance range of +1% to +6% at constant currencies. Revenue in Q2 2025 was driven by foundry, followed by memory, and logic.
    • Gross profit margin of 51.8% in Q2 2025 improved compared to 49.8% in Q2 last year, while it decreased, as expected, compared to 53.4% in Q1 2025. Q2 2025 margin remained healthy thanks to mix, including continued strong sales to China.
    • Adjusted operating result margin of 31.5% increased by 5.7% points compared to the same period last year and slightly decreased by 0.8% points compared to previous quarter. The y-o-y improvement is mainly due to higher gross profit margin this quarter, and a one-off tax charge which resulted in a higher SG&A cost last year.
    • Reported net earnings included a reversal of impairment of €34 million from our stake in ASMPT (Q1 included a €215 million impairment), triggered by the increase in market valuation in the recent period. There is no cash impact. Following the impairment, and in line with our accounting policy, the changes in the market value of ASMPT will be included in our quarterly net results in case of further decline or until the impairment charge has been reversed.

    Comment

    “ASM continued to deliver solid quarterly results against a backdrop of mixed market conditions. Sales increased by 23% year-on-year at constant currencies to €836 million,” said Hichem M’Saad, CEO of ASM. “Compared to the first quarter of 2025 revenue increased by +7%, which was above the top end of our guidance. The y-o-y increase was led by the logic/foundry segment as well as continued momentum in our spares & services business.

    The market environment continued to show a mixed picture in the second quarter. Growth in AI is fueling ongoing capacity expansions in the leading-edge logic/foundry and HBM-related DRAM segments, while conditions in most of the other market segments are still slow.

    Bookings amounted to €702 million in Q2 2025, down 10% compared to Q1 at constant currencies, mainly due to lower advanced logic/foundry bookings. However, the underlying trend in this segment, particularly in gate-all-around (GAA), remains healthy and we expect related leading-edge logic/foundry bookings to pick up again in Q3.

    The gross margin, while down from a high level of 53.4%, remained strong at 51.8%, again driven by product and customer mix, improved operational efficiency and a better-than-expected contribution from China sales. For the full year 2025, we still expect the gross margin to be in the upper half of the target range of 46%-50%. This excludes any potential direct impact from tariffs, which at this point remains difficult to predict. We have various scenarios in place to mitigate potential financial impacts.

    Operating profit increased strongly in Q2, by approximately 40% adjusted for a one-off expense last year, on the back of increased sales, gross margin improvement and continued cost control, whilst continuing to invest in R&D.

    We are well positioned to at least maintain our ALD and epi market share from the first to the second GAA logic/foundry nodes and remain focused on further share gains in memory, as ALD and epi intensity grows in upcoming DRAM nodes.”

    Outlook

    We expect revenue in the second half of 2025 to be approximately similar to the level in the first half, at constant currencies. For Q3 2025, we expect total ASM revenue to be flat to slightly lower, in a range of 0% to -5% at constant currencies compared to Q2 2025. As a reminder, with the Q1 2025 results we changed our quarterly revenue guidance from absolute Euro amounts to growth rates at constant currencies, given the increased exchange rate volatility in the recent periods and ASM’s significant USD revenue exposure (>80% of sales).
    For Q3 2025, we expect advanced logic/foundry bookings to be higher than in Q2 2025 and China bookings to be lower, with the overall book-to-bill in Q3 projected to be below 1.

    Based on comparable sales in the second half versus the first half, we expect revenue growth at constant currencies in 2025 to be around the midpoint of the guidance range of +10% to +20%. We continue to expect to outperform the WFE market, which is forecasted to grow slightly this year. Uncertainties related to tariffs, geopolitical tensions and the overall economic outlook continue to be relatively high.
    The key growth driver for ASM this year is the high-volume manufacturing ramp of the 2nm GAA node. Despite some further shifts in capex forecasts among customers in this segment, our view for a strong increase in advanced logic/foundry sales in 2025 has not changed. Demand in advanced HBM-related DRAM applications remains solid, but conditions in the other parts of the memory market are sluggish. Against a very strong level last year, we still expect the memory contribution to drop this year (to less than 20% of equipment sales in 2025 versus 25% in 2024).

    In the power/analog/wafer segment equipment demand remains depressed with no meaningful sales recovery in the remainder of the year, despite some early signs of improvement in the related end markets.
    Demand in the Chinese market held up better than initially expected in the first half. We now expect China equipment sales in 2025 to be around the top end of the previously guided range of low to high 20s percentage of total ASM revenue. China sales and bookings in the second half are projected to be lower than in the first half.

    Share buyback program

    The €150 million share buyback program, announced in February 2025, started on April 30, 2025. On June 30, 2025, 40% of the program was completed at an average share price of €486.48 under ASM’s share buyback program (of which 28.6% has been delivered and settled in cash within the reporting period, and the remainder on July 1, 2025).

    Investor Day

    We will host our 2025 Investor Day on September 23. Speakers will include our CEO, CFO and other members of ASM’s senior management team. Further details will be announced later.

    Interim financial report

    ASM International N.V. (Euronext Amsterdam: ASM) today also publishes its Interim Financial Report for the six-month period ended June 30, 2025.

    This report includes an Interim Management Board Report, including ESG update, and condensed consolidated interim financial statements prepared in accordance with IAS 34 (Interim Financial Reporting). The Interim Financial Report comprises regulated information within the meaning of the Dutch Financial Markets Supervision Act (“Wet op het Financieel Toezicht”) and is available in full on our website www.asm.com.

    About ASM

    ASM International N.V., headquartered in Almere, the Netherlands, and its subsidiaries design and manufacture equipment and process solutions to produce semiconductor devices for wafer processing, and have facilities in the United States, Europe, and Asia. ASM International’s common stock trades on the Euronext Amsterdam Stock Exchange (symbol: ASM). For more information, visit ASM’s website at www.asm.com.

    Cautionary Note Regarding Forward-Looking Statements: All matters discussed in this press release, except for any historical data, are forward-looking statements. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. These include, but are not limited to, economic conditions and trends in the semiconductor industry generally and the timing of the industry cycles specifically, currency fluctuations, corporate transactions, financing and liquidity matters, the success of restructurings, the timing of significant orders, market acceptance of new products, competitive factors, litigation involving intellectual property, shareholders or other issues, commercial and economic disruption due to natural disasters, terrorist activity, armed conflict or political instability, changes in import/export regulations, pandemics, epidemics and other risks indicated in the company’s reports and financial statements. The company assumes no obligation nor intends to update or revise any forward-looking statements to reflect future developments or circumstances.

    This press release contains inside information within the meaning of Article 7(1) of the EU Market Abuse Regulation.

    Quarterly earnings conference call details

    ASM will host the quarterly earnings conference call and webcast on Wednesday, July 23, 2025, at 3:00 p.m. CET.

    Conference-call participants should pre-register using this link to receive the dial-in numbers, passcode and a personal PIN, which are required to access the conference call.

    A simultaneous audio webcast and replay will be accessible at this link.

    Contacts  
    Investor and media relations Investor relations
    Victor Bareño Valentina Fantigrossi
    T: +31 88 100 8500 T: +31 88 100 8502
    E: investor.relations@asm.com E: investor.relations@asm.com

    The MIL Network –

  • MIL-OSI: ASM reports second quarter 2025 results

    Source: GlobeNewswire (MIL-OSI)

    Almere, The Netherlands
    July 22, 2025, 6 p.m. CET
     
    Solid Q2 results against a backdrop of continued mixed market conditions

    ASM International N.V. (Euronext Amsterdam: ASM) today reports its Q2 2025 results (unaudited).

    Financial highlights

    € million Q2 2024 Q1 2025 Q2 2025
    New orders 755.4 834.2 702.5
    yoy change % at constant currencies 56% 14% (4%)
           
    Revenue 706.1 839.2 835.6
    yoy change % as reported 6% 31% 18%
    yoy change % at constant currencies 6% 26% 23%
           
    Gross profit 352.0 447.8 433.2
    Gross profit margin % 49.8  % 53.4  % 51.8  %
           
    Operating result 177.6 266.2 258.5
    Operating result margin % 25.1  % 31.7 % 30.9  %
           
    Adjusted operating result 1 182.3 271.0 263.2
    Adjusted operating result margin %1 25.8  % 32.3 % 31.5  %
           
    Net earnings (losses) 159.0 (28.9) 202.4
    Adjusted net earnings 1 164.7 191.9 173.0

    1 Adjusted figures are non-IFRS performance measures. Refer to Annex 3 for a reconciliation of non-IFRS performance measures.

    • New orders of €702 million in Q2 2025 decreased by 4% over the same period last year at constant currency (decreased by 7% as reported). Compared to Q1 2025, orders decreased by 10% at constant currency. This sequential decrease is explained by lower advanced logic/foundry orders due to timing of orders. The y-o-y decrease was mainly due to the lumpy nature of quarterly order intake and compared to a relatively high memory contribution in Q2 2024.
    • Revenue of €836 million increased by 23% at constant currencies (increased by 18% as reported) from Q2 last year. At constant currencies, revenue increased by 7% compared to Q1 2025, which was above our guidance range of +1% to +6% at constant currencies. Revenue in Q2 2025 was driven by foundry, followed by memory, and logic.
    • Gross profit margin of 51.8% in Q2 2025 improved compared to 49.8% in Q2 last year, while it decreased, as expected, compared to 53.4% in Q1 2025. Q2 2025 margin remained healthy thanks to mix, including continued strong sales to China.
    • Adjusted operating result margin of 31.5% increased by 5.7% points compared to the same period last year and slightly decreased by 0.8% points compared to previous quarter. The y-o-y improvement is mainly due to higher gross profit margin this quarter, and a one-off tax charge which resulted in a higher SG&A cost last year.
    • Reported net earnings included a reversal of impairment of €34 million from our stake in ASMPT (Q1 included a €215 million impairment), triggered by the increase in market valuation in the recent period. There is no cash impact. Following the impairment, and in line with our accounting policy, the changes in the market value of ASMPT will be included in our quarterly net results in case of further decline or until the impairment charge has been reversed.

    Comment

    “ASM continued to deliver solid quarterly results against a backdrop of mixed market conditions. Sales increased by 23% year-on-year at constant currencies to €836 million,” said Hichem M’Saad, CEO of ASM. “Compared to the first quarter of 2025 revenue increased by +7%, which was above the top end of our guidance. The y-o-y increase was led by the logic/foundry segment as well as continued momentum in our spares & services business.

    The market environment continued to show a mixed picture in the second quarter. Growth in AI is fueling ongoing capacity expansions in the leading-edge logic/foundry and HBM-related DRAM segments, while conditions in most of the other market segments are still slow.

    Bookings amounted to €702 million in Q2 2025, down 10% compared to Q1 at constant currencies, mainly due to lower advanced logic/foundry bookings. However, the underlying trend in this segment, particularly in gate-all-around (GAA), remains healthy and we expect related leading-edge logic/foundry bookings to pick up again in Q3.

    The gross margin, while down from a high level of 53.4%, remained strong at 51.8%, again driven by product and customer mix, improved operational efficiency and a better-than-expected contribution from China sales. For the full year 2025, we still expect the gross margin to be in the upper half of the target range of 46%-50%. This excludes any potential direct impact from tariffs, which at this point remains difficult to predict. We have various scenarios in place to mitigate potential financial impacts.

    Operating profit increased strongly in Q2, by approximately 40% adjusted for a one-off expense last year, on the back of increased sales, gross margin improvement and continued cost control, whilst continuing to invest in R&D.

    We are well positioned to at least maintain our ALD and epi market share from the first to the second GAA logic/foundry nodes and remain focused on further share gains in memory, as ALD and epi intensity grows in upcoming DRAM nodes.”

    Outlook

    We expect revenue in the second half of 2025 to be approximately similar to the level in the first half, at constant currencies. For Q3 2025, we expect total ASM revenue to be flat to slightly lower, in a range of 0% to -5% at constant currencies compared to Q2 2025. As a reminder, with the Q1 2025 results we changed our quarterly revenue guidance from absolute Euro amounts to growth rates at constant currencies, given the increased exchange rate volatility in the recent periods and ASM’s significant USD revenue exposure (>80% of sales).
    For Q3 2025, we expect advanced logic/foundry bookings to be higher than in Q2 2025 and China bookings to be lower, with the overall book-to-bill in Q3 projected to be below 1.

    Based on comparable sales in the second half versus the first half, we expect revenue growth at constant currencies in 2025 to be around the midpoint of the guidance range of +10% to +20%. We continue to expect to outperform the WFE market, which is forecasted to grow slightly this year. Uncertainties related to tariffs, geopolitical tensions and the overall economic outlook continue to be relatively high.
    The key growth driver for ASM this year is the high-volume manufacturing ramp of the 2nm GAA node. Despite some further shifts in capex forecasts among customers in this segment, our view for a strong increase in advanced logic/foundry sales in 2025 has not changed. Demand in advanced HBM-related DRAM applications remains solid, but conditions in the other parts of the memory market are sluggish. Against a very strong level last year, we still expect the memory contribution to drop this year (to less than 20% of equipment sales in 2025 versus 25% in 2024).

    In the power/analog/wafer segment equipment demand remains depressed with no meaningful sales recovery in the remainder of the year, despite some early signs of improvement in the related end markets.
    Demand in the Chinese market held up better than initially expected in the first half. We now expect China equipment sales in 2025 to be around the top end of the previously guided range of low to high 20s percentage of total ASM revenue. China sales and bookings in the second half are projected to be lower than in the first half.

    Share buyback program

    The €150 million share buyback program, announced in February 2025, started on April 30, 2025. On June 30, 2025, 40% of the program was completed at an average share price of €486.48 under ASM’s share buyback program (of which 28.6% has been delivered and settled in cash within the reporting period, and the remainder on July 1, 2025).

    Investor Day

    We will host our 2025 Investor Day on September 23. Speakers will include our CEO, CFO and other members of ASM’s senior management team. Further details will be announced later.

    Interim financial report

    ASM International N.V. (Euronext Amsterdam: ASM) today also publishes its Interim Financial Report for the six-month period ended June 30, 2025.

    This report includes an Interim Management Board Report, including ESG update, and condensed consolidated interim financial statements prepared in accordance with IAS 34 (Interim Financial Reporting). The Interim Financial Report comprises regulated information within the meaning of the Dutch Financial Markets Supervision Act (“Wet op het Financieel Toezicht”) and is available in full on our website www.asm.com.

    About ASM

    ASM International N.V., headquartered in Almere, the Netherlands, and its subsidiaries design and manufacture equipment and process solutions to produce semiconductor devices for wafer processing, and have facilities in the United States, Europe, and Asia. ASM International’s common stock trades on the Euronext Amsterdam Stock Exchange (symbol: ASM). For more information, visit ASM’s website at www.asm.com.

    Cautionary Note Regarding Forward-Looking Statements: All matters discussed in this press release, except for any historical data, are forward-looking statements. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. These include, but are not limited to, economic conditions and trends in the semiconductor industry generally and the timing of the industry cycles specifically, currency fluctuations, corporate transactions, financing and liquidity matters, the success of restructurings, the timing of significant orders, market acceptance of new products, competitive factors, litigation involving intellectual property, shareholders or other issues, commercial and economic disruption due to natural disasters, terrorist activity, armed conflict or political instability, changes in import/export regulations, pandemics, epidemics and other risks indicated in the company’s reports and financial statements. The company assumes no obligation nor intends to update or revise any forward-looking statements to reflect future developments or circumstances.

    This press release contains inside information within the meaning of Article 7(1) of the EU Market Abuse Regulation.

    Quarterly earnings conference call details

    ASM will host the quarterly earnings conference call and webcast on Wednesday, July 23, 2025, at 3:00 p.m. CET.

    Conference-call participants should pre-register using this link to receive the dial-in numbers, passcode and a personal PIN, which are required to access the conference call.

    A simultaneous audio webcast and replay will be accessible at this link.

    Contacts  
    Investor and media relations Investor relations
    Victor Bareño Valentina Fantigrossi
    T: +31 88 100 8500 T: +31 88 100 8502
    E: investor.relations@asm.com E: investor.relations@asm.com

    The MIL Network –

  • MIL-OSI: Titan.ium Platform Launches Cloud Native Number Portability Software to Help Telecoms Advance Operational Agility and Network Readiness

    Source: GlobeNewswire (MIL-OSI)

    LOWELL, Mass., July 22, 2025 (GLOBE NEWSWIRE) — Titan.ium Platform today announced its cloud native Number Portability (NP) product for telecom operators and system integrators that helps modernize existing infrastructure and aligns with next-generation technologies like 5G, edge computing, and artificial intelligence (AI).

    Built cloud native and not a repackaging of legacy code, NP is microservices-based and orchestrated with Kubernetes to provide rapid deployment, elastic scalability, and automation that supports multi-generation networks – from 2G to 5G, as well as fixed-line and IP-based services. The NP software serves as a central gateway providing portability data from a local data source or from an external data source. Access to the portability data is provided over multiple signaling protocols.

    According to the Deloitte 2025 Telecommunications Industry Outlook, telecom providers are working to update essential systems to better support customer needs and expand their digital capabilities.

    “Number Portability is not a new problem to solve and so, finding a solution must be part of greater vision,” said Mahesh Seshan, senior director of engineering, Titan.ium Platform. “This greater vision can be made possible with the Titan.ium cloud native NP product. It combines the power of a cloud native platform and a micro-services based application enabling a modern, multi-generational approach.”

    The new NP software supports Titan.ium’s broader efforts to streamline telecom infrastructure using flexible, software-based systems and provides a smooth evolution for the transition from virtualized to cloud native technologies. It serves as a modern alternative to traditional portability databases and routing systems.

    Key benefits include:

    • Faster time to market through integrated microservices and orchestration with Kubernetes;
    • High availability and real-time performance to handle rising porting volumes and signaling traffic demands;
    • Reduced operating expenses (OPEX) with lifecycle automation and simplified infrastructure;
    • ENUM interface and local data source integration for compatibility with evolving network functions;
    • Smooth migration path from existing Virtual Network Function (VNF)-based NP solutions.

    The cloud native NP software complements Titan.ium’s existing VNF-based NP solution and supports a wide range of deployment models to fit the modernization roadmaps of Tier 1 and Tier 2 operators.

    As operators continue to navigate the complexity of hybrid and next-generation networks, the ability to streamline porting operations without compromising service delivery is critical. Titan.ium’s cloud native NP platform is engineered to support this shift, offering a flexible, future-ready approach to one of telecom’s most essential functions.

    About Titan.ium Platform
    Titan.ium Platform is a leader in signaling, routing, subscriber data management, and security software and services. Our solutions, which are deployed in more than 80 countries by over 180 companies, including eight of the world’s top 10 communications service providers, and all of the top five, are a testament to our industry leadership. Titan.ium supports any network, domain, signaling protocol, and infrastructure with advanced routing capabilities and a unified end-user experience. For more information, please visit https://titaniumplatform.com.

    Media Contact
    Glenn Rossman
    glenn@eckertcomms.com
    914-623-8354

    The MIL Network –

  • MIL-OSI: Inside Information: Nokia lowers 2025 operating profit guidance due to currency  

    Source: GlobeNewswire (MIL-OSI)

    Nokia Corporation
    Inside information
    22 July 2025 at 19:00 EEST

    Inside Information: Nokia lowers 2025 operating profit guidance due to currency
      

    • Nokia lowers its comparable operating profit guidance range to EUR 1.6 billion to EUR 2.1 billion from EUR 1.9 billion to EUR 2.4 billion.  
    • Adjustment relates to currency headwinds from the weaker USD and tariffs. 
    • Reports preliminary Q2 financial results of approximately EUR 4.55 billion net sales and EUR 0.3 billion comparable operating profit.  


    Espoo, Finland – Nokia is today providing an update to its financial guidance for full year 2025. Nokia’s underlying business performed as expected through the first half, however, considering currency and tariff headwinds which are outside its control and have transpired since its Q1 results, the company feels it is prudent at this point to lower its operating profit outlook range. Nokia is lowering its comparable operating profit outlook range to EUR 1.6 billion to EUR 2.1 billion (previously EUR 1.9 billion to EUR 2.4 billion). Nokia’s guidance for free cash flow conversion from comparable operating profit remains 50% to 80%. Nokia’s guidance is now based on a EUR:USD rate of 1.17, while the currency rate used in January was 1.04.

    Since Nokia provided guidance in January for the full year 2025, two headwinds outside its control are impacting the 2025 outlook. The largest headwind is currency fluctuations (particularly the weaker USD), an approximately EUR 230 million negative impact (EUR 140 million operationally and EUR 90 million from non-cash venture fund currency revaluations). Also, the current tariff landscape is expected to impact full year operating profit by EUR 50 million to EUR 80 million.  

    Update to Nokia’s financial outlook for 2025 

      Updated  Previous (Issued 30 Jan) 
    Comparable Operating Profit1  EUR 1.6 billion to EUR 2.1 billion  EUR 1.9 billion to EUR 2.4 billion 
    Free cash flow conversion from comparable operating profit  50% to 80%  50% to 80% 

    1 Outlook is based on a EUR:USD rate of 1.17 for the remainder of the year.

    In the second quarter, based on its preliminary financials, Nokia expects to report net sales of approximately EUR 4.55 billion and comparable operating profit of EUR 300 million. The Q2 comparable operating profit includes a negative impact from its venture funds of EUR 50 million primarily related to currency.  

    Nokia will release its second quarter and half year 2025 financial results on Thursday 24th July 2025.  

    Nokia will conduct a conference call with analysts and investors to discuss its second quarter performance and business outlook on 24 July 2025 at 11:30am EEST / 09:30am BST / 04:30am US EST.  

    About Nokia

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

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

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

    Inquiries:

    Nokia Communications
    Phone: +358 10 448 4900
    Email: press.services@nokia.com
    Maria Vaismaa, Global Head of External Communications

    Nokia
    Investor Relations
    Phone: +358 931 580 507 
    Email: investor.relations@nokia.com

    FORWARD-LOOKING STATEMENTS 

    Certain statements herein that are not historical facts are forward-looking statements. These forward-looking statements reflect Nokia’s current expectations and views of future developments and include statements regarding: A) expectations, plans, benefits or outlook related to our strategies, projects, programs, product launches, growth management, licenses, sustainability and other ESG targets, operational key performance indicators and decisions on market exits; B) expectations, plans or benefits related to future performance of our businesses (including the expected impact, timing and duration of potential global pandemics, geopolitical conflicts and the general or regional macroeconomic conditions on our businesses, our supply chain, the timing of market changes or turning points in demand and our customers’ businesses) and any future dividends and other distributions of profit; C) expectations and targets regarding financial performance and results of operations, including market share, prices, net sales, income, margins, cash flows, cost savings, the timing of receivables, operating expenses, provisions, impairments, tariffs, taxes, currency exchange rates, hedging, investment funds, inflation, product cost reductions, competitiveness, value creation, revenue generation in any specific region, and licensing income and payments; D) ability to execute, expectations, plans or benefits related to transactions, investments and changes in organizational structure and operating model; E) impact on revenue with respect to litigation/renewal discussions; and F) any statements preceded by or including “anticipate”, “continue”, “believe”, “envisage”, “expect”, “aim”, “will”, “target”, “may”, “would”, “could“, “see”, “plan”, “ensure” or similar expressions. These forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond our control, which could cause our actual results to differ materially from such statements. These statements are based on management’s best assumptions and beliefs in light of the information currently available to them. These forward-looking statements are only predictions based upon our current expectations and views of future events and developments and are subject to risks and uncertainties that are difficult to predict because they relate to events and depend on circumstances that will occur in the future. Factors, including risks and uncertainties that could cause these differences, include those risks and uncertainties identified in our 2024 annual report on Form 20-F published on 13 March 2025 under Operating and financial review and prospects-Risk factors.

    The MIL Network –

  • MIL-OSI: Inside Information: Nokia lowers 2025 operating profit guidance due to currency  

    Source: GlobeNewswire (MIL-OSI)

    Nokia Corporation
    Inside information
    22 July 2025 at 19:00 EEST

    Inside Information: Nokia lowers 2025 operating profit guidance due to currency
      

    • Nokia lowers its comparable operating profit guidance range to EUR 1.6 billion to EUR 2.1 billion from EUR 1.9 billion to EUR 2.4 billion.  
    • Adjustment relates to currency headwinds from the weaker USD and tariffs. 
    • Reports preliminary Q2 financial results of approximately EUR 4.55 billion net sales and EUR 0.3 billion comparable operating profit.  


    Espoo, Finland – Nokia is today providing an update to its financial guidance for full year 2025. Nokia’s underlying business performed as expected through the first half, however, considering currency and tariff headwinds which are outside its control and have transpired since its Q1 results, the company feels it is prudent at this point to lower its operating profit outlook range. Nokia is lowering its comparable operating profit outlook range to EUR 1.6 billion to EUR 2.1 billion (previously EUR 1.9 billion to EUR 2.4 billion). Nokia’s guidance for free cash flow conversion from comparable operating profit remains 50% to 80%. Nokia’s guidance is now based on a EUR:USD rate of 1.17, while the currency rate used in January was 1.04.

    Since Nokia provided guidance in January for the full year 2025, two headwinds outside its control are impacting the 2025 outlook. The largest headwind is currency fluctuations (particularly the weaker USD), an approximately EUR 230 million negative impact (EUR 140 million operationally and EUR 90 million from non-cash venture fund currency revaluations). Also, the current tariff landscape is expected to impact full year operating profit by EUR 50 million to EUR 80 million.  

    Update to Nokia’s financial outlook for 2025 

      Updated  Previous (Issued 30 Jan) 
    Comparable Operating Profit1  EUR 1.6 billion to EUR 2.1 billion  EUR 1.9 billion to EUR 2.4 billion 
    Free cash flow conversion from comparable operating profit  50% to 80%  50% to 80% 

    1 Outlook is based on a EUR:USD rate of 1.17 for the remainder of the year.

    In the second quarter, based on its preliminary financials, Nokia expects to report net sales of approximately EUR 4.55 billion and comparable operating profit of EUR 300 million. The Q2 comparable operating profit includes a negative impact from its venture funds of EUR 50 million primarily related to currency.  

    Nokia will release its second quarter and half year 2025 financial results on Thursday 24th July 2025.  

    Nokia will conduct a conference call with analysts and investors to discuss its second quarter performance and business outlook on 24 July 2025 at 11:30am EEST / 09:30am BST / 04:30am US EST.  

    About Nokia

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

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

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

    Inquiries:

    Nokia Communications
    Phone: +358 10 448 4900
    Email: press.services@nokia.com
    Maria Vaismaa, Global Head of External Communications

    Nokia
    Investor Relations
    Phone: +358 931 580 507 
    Email: investor.relations@nokia.com

    FORWARD-LOOKING STATEMENTS 

    Certain statements herein that are not historical facts are forward-looking statements. These forward-looking statements reflect Nokia’s current expectations and views of future developments and include statements regarding: A) expectations, plans, benefits or outlook related to our strategies, projects, programs, product launches, growth management, licenses, sustainability and other ESG targets, operational key performance indicators and decisions on market exits; B) expectations, plans or benefits related to future performance of our businesses (including the expected impact, timing and duration of potential global pandemics, geopolitical conflicts and the general or regional macroeconomic conditions on our businesses, our supply chain, the timing of market changes or turning points in demand and our customers’ businesses) and any future dividends and other distributions of profit; C) expectations and targets regarding financial performance and results of operations, including market share, prices, net sales, income, margins, cash flows, cost savings, the timing of receivables, operating expenses, provisions, impairments, tariffs, taxes, currency exchange rates, hedging, investment funds, inflation, product cost reductions, competitiveness, value creation, revenue generation in any specific region, and licensing income and payments; D) ability to execute, expectations, plans or benefits related to transactions, investments and changes in organizational structure and operating model; E) impact on revenue with respect to litigation/renewal discussions; and F) any statements preceded by or including “anticipate”, “continue”, “believe”, “envisage”, “expect”, “aim”, “will”, “target”, “may”, “would”, “could“, “see”, “plan”, “ensure” or similar expressions. These forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond our control, which could cause our actual results to differ materially from such statements. These statements are based on management’s best assumptions and beliefs in light of the information currently available to them. These forward-looking statements are only predictions based upon our current expectations and views of future events and developments and are subject to risks and uncertainties that are difficult to predict because they relate to events and depend on circumstances that will occur in the future. Factors, including risks and uncertainties that could cause these differences, include those risks and uncertainties identified in our 2024 annual report on Form 20-F published on 13 March 2025 under Operating and financial review and prospects-Risk factors.

    The MIL Network –

  • MIL-OSI: SOITEC REPORTS FIRST QUARTER REVENUE OF FISCAL YEAR 2026

    Source: GlobeNewswire (MIL-OSI)

    SOITEC REPORTS FIRST QUARTER REVENUE OF FISCAL YEAR 2026

    • Q1’26 revenue: €92m, down 16% year-on-year on an organic1basis, slightly better than the guidance
    • Q1’26 year-on-year revenue development reflects, as expected, ongoing RF-SOI inventory correction among customers, a weak automotive market, the anticipated phase-out of first-generation Imager-SOI, and the strong momentum in Photonics-SOI
    • Q2’26 revenue is expected to grow around 50% versus Q1’26, on an organic basis

    Bernin (Grenoble), France, July 22nd, 2025 – Soitec (Euronext Paris), a world leader in designing and manufacturing innovative semiconductor materials, today announced unaudited consolidated revenue of 92 million Euros for the first quarter of FY’26 (ended on June 29th, 2025), down 24% on a reported basis compared with 121 million Euros achieved in the first quarter of FY’25. This reflects a 16% decline on an organic basis, a negative currency impact of 5% and a negative scope effect2 of 3% related to the divestment of Dolphin Design’s businesses.

    Pierre Barnabé, Soitec’s CEO, commented: “Q1’26 revenue was slightly better than the guidance, down 16% year-on-year on an organic basis. This includes the phase-out of Imager-SOI. Artificial Intelligence continues to support strong growth in Edge & Cloud AI division, with traction both at the edge and in the cloud accelerating adoption of FD-SOI for Edge AI and Photonics-SOI for data centers. Conversely, the correction of RF-SOI inventories among our direct customers, and the ongoing weakness in the Automotive market continued to impact our revenue.

    Looking ahead, we expect Q2’26 revenue to grow around 50% versus Q1’26, on an organic basis. This reflects ongoing RF-SOI inventory correction in Mobile Communications, continued weakness in Automotive & Industrial, and strong growth in Edge & Cloud AI.

    In an uncertain and volatile environment, we remain focused on the factors within our control to prepare Soitec for the future. We are broadening our end-market exposure and customer base to diversify the company’s foundations. In parallel, we are accelerating the expansion of our product portfolio – across both SOI and compound semiconductors – to serve a wider range of applications. At the same time, we are building robust ecosystems that support the adoption of our products, with the ambition of establishing them as new industry standards.”

    First quarter FY’26 consolidated revenue

      Q1’26 Q1’25 Q1’26/Q1’25
             
             
    (Euros million)     change reported chg. at const. exch. rates & perimeter
             
    Mobile Communications 43 48 -12% -7%
    Automotive & Industrial 5 26 -82% -81%
    Edge & Cloud AI 44 46 -4% +13%
             
    Revenue 92 121 -24% -16%

    Mobile Communications

    Mobile Communications revenue reached 43 million Euros in Q1’26, down 7% year-on-year on an organic basis.

    After a strong seasonal tailwind in Q4’25, further correction was expected in RF-SOI customer inventories. As a result, sales of RF-SOI wafers decreased to a low level in Q1’26, below Q1’25. This mostly reflects a significant year-on-year decrease in 200-mm RF-SOI volumes sold. Sales of 300-mm RF-SOI wafers were higher than in Q1’25, driven by higher volumes, despite a slightly negative price / mix effect.

    Sales of POI (Piezoelectric-on-Insulator) wafers dedicated to RF filters were stable year-on-year, reflecting ongoing growth with key US customers and a temporary slowdown in Asia. POI is becoming the reference substrate for advanced Surface Acoustic Wave (SAW) filters, increasingly adopted by leading fabless globally.

    Sales of FD-SOI wafers, the only solution for fully integrated 5G mmWave system-on-chip, were significantly higher than in Q1’25. FD-SOI adoption is progressing with first design wins for Wi-Fi 7 SoCs, for premium Android smartphones.

    Automotive & Industrial

    In a persistently complicated automotive market, Automotive & Industrial revenue reached 5 million Euros in Q1’26, down 81% year-on-year on an organic basis.

    As expected, the Power-SOI inventory replenishment that took place at customer level in Q4’25, came at the expense of volumes in Q1’26, and will continue to impact Q2’26. Meanwhile, Soitec is accelerating the transition from 200-mm to 300-mm Power-SOI to address growing demand for Battery Management Systems.

    Automotive FD-SOI wafer sales were negligible in Q1’26, although the build-up of a solid ecosystem is supporting the strengthening of its adoption for analog/digital systems such as radars, microcontrollers and wireless connectivity.

    Regarding SmartSiCTM, the slower growth of the electric vehicle market combined with the longer qualification cycles confirms the delay in the production ramp-up, as already communicated.

    Edge & Cloud AI

    Edge & Cloud AI revenue reached 44 million Euros in Q1’26, up 13% on an organic basis compared to Q1’25 despite the discontinuation of the first generation of Imager-SOI wafers for 3D imaging applications, which recorded 25 million Dollars in revenue in Q1’25. On a reported basis, Edge & Cloud AI revenue went down 4% due to the scope effect of the divestment of Dolphin Design’s businesses combined with a negative currency impact.

    Soitec delivered another strong performance in Photonics-SOI in Q1’26, with sales significantly above Q1’25 levels. As AI computing power expands, driving demand for faster and more efficient data centers, Photonics-SOI stands out as the optimal solution for high-speed, high-bandwidth optical links, whether for pluggable transceivers or Co-Packaged Optics (CPOs). Soitec is capitalizing on strong Cloud infrastructure investments from Big Tech and AI players and is accelerating its Photonics-SOI roadmap with AI leaders.

    FD-SOI sales were also above Q1’25 levels. Thanks to its benefits in power efficiency, performance, thermal management, and reliability, FD-SOI is a key enabler of AI-driven IoT applications across consumer, healthcare, and industrial markets.

    Q2’26 outlook

    Q2’26 revenue is expected to grow around 50% versus Q1’26, on an organic basis. The impact from the phasing out of Imager-SOI will be less pronounced than in Q1’26, as Imager-SOI revenue amounted to approximately 7 million Dollars in Q2’25.

    Excluding Imager-SOI, Edge & Cloud AI is expected to maintain solid momentum and should be slightly up vs. Q1’26. Mobile Communications revenue will remain low, despite nearly doubling from Q1’26, as customers continue to work through excess RF-SOI inventory. As in Q1’26, Automotive & Industrial revenue in Q2’26 is expected to decline sharply versus Q2’25.

    Projected FY’26 Capex cash-out is confirmed around 150 million Euros, down from 230 million Euros in FY’25.

    Key events of Q1’26

    Soitec has successfully issued a new 200 million Euros Schuldschein loan

    This is a 200 million Euros Schuldschein loan offering a floating rate coupon with an average maturity of 4.1 years, which was subscribed by high quality European investors.
    The offering is structured in tranches of 3, 4, 5 & 7 years, with 72% of the transaction on the 4-year and 5-year tenors. The 100 million Euros initially planned were significantly oversubscribed, reflecting investor interest and confidence in Soitec’s financial profile and strategy, despite a volatile environment.
    The proceeds of the new Schuldschein loan will be used to partially refinance the 325 million Euros convertible bonds maturing in October 2025 and for general corporate purposes. Through this transaction, Soitec is actively managing its debt profile and extending its debt maturity.

    Soitec and PSMC collaborate on ultra-thin TLT technology for nm-scale 3D stacking

    On June 3rd, 2025, Soitec announced a strategic collaboration with Powerchip Semiconductor Manufacturing Corporation (PSMC). Under the collaboration, Soitec will supply PSMC 300mm substrates incorporating a release layer, Transistor Layer Transfer (TLT) ready, to support a new demonstration of advanced 3D chip stacking at the wafer level. This marks the first public announcement of Soitec’s TLT technology. The technology is an enabler for next-generation semiconductor designs that allow for more powerful, compact and energy-efficient chips – with potential applications ranging from smartphones, tablets and AI devices to autonomous driving systems.

    CEA-Leti and Soitec announce strategic partnership to leverage FD-SOI for enhanced security of integrated circuits

    On June 18th, 2025, CEA-Leti and Soitec announced a strategic partnership to enhance the cybersecurity of integrated circuits (ICs) through the innovative use of fully depleted silicon-on-insulator (FD-SOI) technologies. This collaboration aims to position FD-SOI as a foundational platform for secure electronics by leveraging and extending its inherent resistance to physical attacks. At the heart of the initiative is a joint effort to experimentally validate and augment the security benefits of FD-SOI—from the substrate level up to circuit design. The project aims to deliver concrete data, practical demonstrations, and roadmap guidance to meet the surging cybersecurity demands in critical markets such as automotive, industrial IoT, and secure infrastructure

    # # #

    Analysts conference call to be held in English on Wednesday 23rdJuly at 8:00 am CET.

    To listen to this conference call, the audiocast is available live and in replay at the following address: https://channel.royalcast.com/soitec/#!/soitec/20250723_1

    # # #

    Agenda

    Q2’26 revenue and H1’26 results are due to be published on November 19th, 2025, after market close.

    # # #

    Disclaimer

    This document is provided by Soitec (the “Company”) for information purposes only.

    The Company’s business operations and financial position are described in the Company’s Universal Registration Document (which notably includes the Annual Financial Report) which was filed on June 11th, 2025, with the French stock market authority (Autorité des Marchés Financiers, or AMF) under number D.25-0439. The French version of the 2024-2025 Universal Registration Document, together with English courtesy translation for information purposes of this document, are available for consultation on the Company’s website (www.soitec.com), in the section Company – Investors – Financial Reports.

    Your attention is drawn to the risk factors described in Chapter 2.1 (Risk factors and controls mechanism) of the Company’s Universal Registration Document.

    This document contains summary information and should be read in conjunction with the Universal Registration Document.

    This document contains certain forward-looking statements. These forward-looking statements relate to the Company’s future prospects, developments and strategy and are based on analyses of earnings forecasts and estimates of amounts not yet determinable. By their nature, forward-looking statements are subject to a variety of risks and uncertainties as they relate to future events and are dependent on circumstances that may or may not materialize in the future. Forward-looking statements are not a guarantee of the Company’s future performance. The occurrence of any of the risks described in Chapter 2.1 (Risk factors and controls mechanism) of the Universal Registration Document may have an impact on these forward-looking statements.

    The Company’s actual financial position, results and cash flows, as well as the trends in the sector in which the Company operates may differ materially from those contained in this document. Furthermore, even if the Company’s financial position, results, cash-flows and the developments in the sector in which the Company operates were to conform to the forward-looking statements contained in this document, such elements cannot be construed as a reliable indication of the Company’s future results or developments.

    The Company does not undertake any obligation to update or make any correction to any forward-looking statement in order to reflect an event or circumstance that may occur after the date of this document.

    This document does not constitute or form part of an offer or a solicitation to purchase, subscribe for, or sell the Company’s securities in any country whatsoever. This document, or any part thereof, shall not form the basis of, or be relied upon in connection with, any contract, commitment or investment decision.

    Notably, this document does not constitute an offer or solicitation to purchase, subscribe for or to sell securities in the United States. Securities may not be offered or sold in the United States absent registration or an exemption from the registration under the U.S. Securities Act of 1933, as amended (the “Securities Act”). The Company’s shares have not been and will not be registered under the Securities Act. Neither the Company nor any other person intends to conduct a public offering of the Company’s securities in the United States.

    # # #

    About Soitec

    Soitec (Euronext – Tech Leaders), a world leader in innovative semiconductor materials, has been developing cutting-edge products delivering both technological performance and energy efficiency for over 30 years. From its global headquarters in France, Soitec is expanding internationally with its unique solutions, and generated sales of 0.9 billion Euros in fiscal year 2024-2025. Soitec occupies a key position in the semiconductor value chain, serving three main strategic markets: Mobile Communications, Automotive and Industrial, and Edge and Cloud AI. The company relies on the talent and diversity of more than 2,200 employees, representing 50 different nationalities, working at its sites in Europe, the United States and Asia. Nearly 4,300 patents have been registered by Soitec.

    Soitec, SmartSiC™ and Smart Cut™ are registered trademarks of Soitec.

    For more information: visit our website and follow us on LinkedIn and X

    # # #

    Media Relations: media@soitec.com

    Investor Relations: investors@soitec.com

    # # #

    Consolidated revenue per quarter

    Quarterly revenue Q1’25 Q2’25 Q3’25 Q4’25 Q1’26  
    (Euros millions)            
    Mobile Communications 48   124   154   220 43    
    Automotive & Industrial 26 33 25 45 5  
    Edge & Cloud AI 46 61 47 63 44  
                 
    Revenue 121   217   226   327 92    
    Change in quarterly revenue Q1’26/Q1’25
    (vs. previous year) Reported
    change    		 Organic change1
         
    Mobile Communications -12% -7%
    Automotive & Industrial -82% -81%
    Edge & Cloud AI -4% +13%
         
    Revenue -24% -16%

    1         At constant exchange rates and comparable scope of consolidation:

    • in Q1’26 there is a negative scope effect related to the divestment of Dolphin Design’s mixed signal IP activities (completed on October 31st, 2024) and the divestment of Dolphin Design’s ASIC activities (completed on December 30th, 2024).

    1 At constant exchange rates and perimeter

    2 The scope effect is related to the divestment of Dolphin Design’s mixed-signal IP activities (completed on October 31st, 2024) and that of Dolphin Design’s ASIC activities (completed on December 30th, 2024)

    Attachment

    The MIL Network –

  • MIL-OSI: Talkdesk introduces new multi-storefront capability for retailers

    Source: GlobeNewswire (MIL-OSI)

    PALO ALTO, Calif., July 22, 2025 (GLOBE NEWSWIRE) — Talkdesk®, Inc. today announced Talkdesk Multi-Store Commerce Integration, a new capability that enables multi-brand retailers to manage customer service across multiple Shopify and other commerce storefronts within a single Talkdesk account, streamlining operations and enhancing the customer experience (CX). The agnostic multi-shop connector integrates with any commerce engine, including BigCommerce, Salesforce Commerce Cloud, and Adobe Commerce Cloud.

    In today’s complex retail landscape, global brands often have different storefronts for each regional website, which can result in fragmented customer service. Talkdesk’s new multi-store integration addresses this by providing a unified platform for managing customer interactions across a brand or store portfolio.

    “Retailers need agile solutions that can keep pace with their growth and diverse brand strategies,” said Tiago Paiva, chief executive officer and founder of Talkdesk. “Our new multi-store integration empowers them to deliver consistent, efficient support across every customer touchpoint, regardless of which brand they’re engaging with. This not only improves customer satisfaction but also significantly reduces operational complexities for our retail partners.”

    Available as part of Talkdesk Retail Experience Cloud, the Multi-Store Commerce Integration offers several benefits for retailers:

    • Streamlined Agent Workflows: Agents can now efficiently support customers across multiple brands, all within a single Talkdesk interface. This eliminates the need for agents to switch between different systems, improving productivity and reducing resolution times.
    • Enhanced Customer Experience: By providing agents with a holistic view of customer interactions across brands, the integration ensures customers receive consistent and personalized support, even if they shop with multiple brands within a retailer’s portfolio. This removes friction and builds loyalty.
    • Accelerated Deployment and Scalability: The agnostic connector simplifies integration with all commerce engines, reducing deployment complexity and accelerating time-to-value. Retailers can “deploy once, deliver to many,” easily extending virtual agents, voice, chat, and SMS capabilities across numerous brand experiences. For example, a retailer can deploy a single artificial intelligence (AI) agent across the entire brand portfolio, rather than having to deploy multiple agents across several brands.
    • Improved Onboarding: The ability to identify and serve customers across brands with clarity and speed not only enhances customer service quality but also accelerates the onboarding process for new retail partners and brands.

    This new capability is a game-changer for retailers looking to optimize their customer service operations, scale efficiently, and deliver a superior customer experience across their entire brand ecosystem.

    About Talkdesk

    Talkdesk® is leading a new era in customer experience with Customer Experience Automation (CXA)—a new category and platform designed to automate the full complexity of modern customer journeys. CXA replaces fragmented, human-coordinated workflows with autonomous, multi-agent AI orchestration that delivers intelligent, scalable, and outcome-focused service across the entire CX lifecycle.

    At the core of CXA is the Talkdesk Data Cloud, which turns transcripts, call recordings, case notes, and customer records from across CRMs and systems of record into real-time, actionable knowledge. This enables AI agents to operate with full context, collaborating seamlessly to resolve complex customer problems with speed, precision, and adaptability.

    Talkdesk CXA supports both cross-industry workflows and industry-specialized use cases in sectors like retail, healthcare, financial services, utilities, travel, and government. With prebuilt AI agents, a virtuous automation cycle (Discover, Build, Orchestrate, Measure), and rapid time-to-value, Talkdesk helps enterprises modernize customer experience without the need for a full rip-and-replace.

    Trusted by global brands and recognized for continuous innovation, Talkdesk empowers organizations to grow revenue, reduce costs, and transform service delivery through coordinated, AI-driven automation. Companies that love their customers use Talkdesk.

    Talkdesk is a registered trademark of Talkdesk, Inc. All product and company names are trademarks™ or registered® trademarks of their respective holders. Use of them does not imply any affiliation with or endorsement by them.

    Media Contact:

    Talkdesk Public Relations

    pr@talkdesk.com

    The MIL Network –

  • MIL-OSI: GRANITESHARES YieldBOOST ETFs SURPASSES $120M AUM AS TRADING VOLUMES SURGE

    Source: GlobeNewswire (MIL-OSI)

    • YieldBOOSTTMETFs linked to tech stocks and Bitcoin drive increased AUM
    • Growing interest in options income generating ETFs

    NEW YORK, July 22, 2025 (GLOBE NEWSWIRE) — GraniteShares, an entrepreneurial ETF provider, today announces that its range of YieldBOOSTTM ETFs has surpassed $100m in assets under management (AUM), reaching $127.2 million at the close of market.

    “YieldBOOSTTM ETFs are options-based income ETFs that aim to generate high weekly distributions for investors” said Will Rhind, Founder and CEO of GraniteShares. “We are experiencing huge demand for weekly income strategies that can provide large distributions in volatile markets”

    GraniteShares YieldBOOSTTM ETFs are a suite of exchange-traded funds designed to generate high income through options-based strategies, primarily by selling put options on leveraged ETFs tied to specific assets, such as individual stocks (e.g., Tesla, NVIDIA), indices (e.g., S&P 500, Nasdaq-100), or cryptocurrencies (e.g., Bitcoin). These ETFs aim to provide investors with weekly income distributions while maintaining exposure to the performance of the underlying assets, subject to a cap on potential gains. The YieldBOOST family includes ETFs like TSYY (Tesla), NVYY (NVIDIA), XBTY (Bitcoin), YSPY (S&P 500) and TQQY (Nasdaq-100). The strategy involves selling put options to generate premium income and buying put options to mitigate extreme downside risks, aligning with GraniteShares’ philosophy of innovative, low-cost, and high-conviction investment solutions

    The first YieldBOOSTTM ETF, the GraniteShares YieldBOOST TSLA ETF (TSYY) was launched in December 2024. TSYY is the most popular ETF so far by AUM. The suite has since continued to grow both in size of funds and popularity.

    For more information, please visit www.graniteshares.com.

    Media contact:

    Gregory FCA for GraniteShares
    Te’a Gray, 203-815-4514
    graniteshares@gregoryfca.com

    About GraniteShares:

    GraniteShares is an award-winning global investment firm dedicated to creating and managing ETFs. Headquartered in New York City, GraniteShares provides products on U.S., U.K, German, French & Italian stock exchanges. The firm is a market leader in leveraged single-stock ETFs and provides innovative, cutting-edge investment solutions for the high-conviction investor. Graniteshares believes the future of investing lies at the nexus of alternative thinking, low fees, and disruptive product structures—the core of its high-conviction investment philosophy. The firm launched its first product in 2017 and is a fast-growing ETF issuer with approximately $10* Billion in assets under management spanning a full array of investment strategies.

    *As of July 17, 2025

    1An option is a contract that gives the holder the right, but not the obligation to buy or sell a specific asset at a predetermined price on or before a specified date. Options are a type of derivative, meaning their value is derived from the underlying asset.

    2A put option is a contract that gives the buyer the right, but not the obligation, to sell an underlying asset at a specified price (the strike price) by or on a specific fate (the expiration date).

    RISK FACTORS & IMPORTANT INFORMATION

    The Fund is newly launched and has risks associated with its limited operating history.

    Investors should consider the investment objectives, risks, charges and expenses carefully before investing. For a prospectus or summary prospectus with this and other information about the Funds, please call (844) 476-8747. Read the prospectus or summary prospectus carefully before investing.

    There is no guarantee that the Fun’s investment strategy will be properly implemented, and an investor may lose some or all of their investment.

    An Investment in these Funds is not an investment in the Underlying ETFs’

    The Fund’s strategy will cap its potential gain if the Underlying ETFs’ shares increase in value

    The Fund’s strategy is subject to all potential losses if the Underlying ETFs share declines, which may not be offset by the income received by the Fund,

    The Fund does not invest directly in the Underlying ETFs.

    Investment in the Fund is not an investment in the Underlying Stock.

    Fund shareholders are not entitled to any distribution paid by Underlying ETFs.

    Shares are bought and sold at market price (not NAV) and are not individually redeemed from the ETF. There can be no guarantee that an active trading market for ETF shares will develop or be maintained, or that their listing will continue or remain unchanged. Buying or selling ETF shares on an exchange may require the payment of brokerage commissions, and frequent trading may incur brokerage costs that detract significantly from the returns.

    An investment in the Fund involves risk, including the possible loss of principal. The Fund is non-diversified and includes risks associated with the Fund concentrating its investments in a particular industry, sector, or geographic region which can result in increased volatility. The use of derivatives such as option contracts and swaps is subject to market risks that may cause their price to include Risk of the Underlying ETF, Derivatives Risk, A Risk, Put Writing Strategy Risk, Option Market Liquidity Risk. These and other risks can be found in the prospectus.

    This information is not an offer to sell or a solicitation of an offer to buy the shares of any Funds to any person in any jurisdiction in which an offer, solicitation, purchase or sale would be unlawful under the securities laws of such jurisdiction. Please consult your tax advisor about the tax consequences of an investment in Fund shares, including the possible application of foreign, state, and local tax laws. You could lose money by investing in the ETFs. There can be no assurance that the investment objective of the Funds will be achieved. None of the Funds should be relied upon as a complete investment program.

    THE FUNDS ARE DISTRIBUTED BY ALPS DISTRIBUTORS, INC. GRANITESHARES IS NOT AFFILIATED WITH ALPS DISTRIBUTORS, INC.

    ©2025 GraniteShares Inc. All rights reserved. GraniteShares, GraniteShares ETFs, and the GraniteShares logo are registered and unregistered trademarks of GraniteShares Inc., in the United States and elsewhere. All other marks are the property of their respective owners.

    The MIL Network –

  • MIL-OSI: Anterix Sets First Quarter Fiscal 2026 Earnings Conference Call for Wednesday, August 13, at 9:00 a.m. ET

    Source: GlobeNewswire (MIL-OSI)

    WOODLAND PARK, N.J., July 22, 2025 (GLOBE NEWSWIRE) — Anterix (NASDAQ: ATEX) announced today that it will hold a conference call on Wednesday, August 13, 2025, at 9:00 a.m. ET. Anterix senior management, led by President and CEO Scott Lang, will discuss the Company’s first quarter fiscal 2026 results. A press release regarding the results will be issued after the close of the market on Tuesday, August 12, 2025.

    Participants interested in joining the call’s live question and answer session are required to pre-register by clicking here to obtain a dial-in number and unique PIN. It is recommended that you join the call at least 10 minutes before the conference call begins. The call is also being webcast live and will be accessible on the Investor Relations section of Anterix’s website at https://investors.anterix.com/events-presentations. Following the event, a replay of the call will also be available on the Anterix website.

    About Anterix Inc.

    At Anterix, we work with leading utilities and technology companies to harness the power of 900 MHz broadband for modernized grid solutions. Leading an ecosystem of more than 125 members, we offer utility-first solutions to modernize the grid and solve the challenges that utilities are facing today. As the largest holder of licensed spectrum in the 900 MHz band (896-901/935-940 MHz) throughout the contiguous United States, plus Alaska, Hawaii, and Puerto Rico, we are uniquely positioned to enable private wireless broadband solutions that support cutting-edge advanced communications capabilities for a cleaner, safer, and more secure energy future. To learn more and join the 900 MHz movement, please visit www.anterix.com.

    Shareholder Contact

    Natasha Vecchiarelli
    Vice President, Investor Relations & Corporate Communications
    Anterix
    973-531-4397
    nvecchiarelli@anterix.com

    The MIL Network –

  • MIL-OSI: Results of additional issuance – RIKB 27 0415 – RIKS 29 0917

    Source: GlobeNewswire (MIL-OSI)

    As stated in paragraph 6 in General Terms of Auction for Treasury bonds, the Government Debt Management offered the equivalent of 10% of the nominal value sold in the auction 18. July, at the price of accepted bids.

    Series RIKB 27 0415 RIKS 29 0917
    ISIN IS0000036291 IS0000037711
    Additional issuance (nominal) 0 160,000,000
    Settlement date   07/23/2025
    Total outstanding (nominal) 115,586,000,000 78,275,000,000

    The MIL Network –

  • MIL-OSI: Results of additional issuance – RIKB 27 0415 – RIKS 29 0917

    Source: GlobeNewswire (MIL-OSI)

    As stated in paragraph 6 in General Terms of Auction for Treasury bonds, the Government Debt Management offered the equivalent of 10% of the nominal value sold in the auction 18. July, at the price of accepted bids.

    Series RIKB 27 0415 RIKS 29 0917
    ISIN IS0000036291 IS0000037711
    Additional issuance (nominal) 0 160,000,000
    Settlement date   07/23/2025
    Total outstanding (nominal) 115,586,000,000 78,275,000,000

    The MIL Network –

  • MIL-OSI: Guaranteed Approval Loans for Bad Credit with No Credit Check from 1F Cash Advance in 2025

    Source: GlobeNewswire (MIL-OSI)

    BOULDER, Colo., July 22, 2025 (GLOBE NEWSWIRE) — In a significant move to support borrowers with poor or no credit history, 1F Cash Advance has rolled out a new line of guaranteed approval payday loans for Americans facing financial hardships in 2025. With loan amounts ranging from $100 to $1,000, these flexible online loan solutions are designed to offer speed, security, and accessibility, even for people with poor credit or no credit score.

    A Fast, Flexible Lifeline for Bad Credit Borrowers

    Traditional lenders often reject applicants with low credit scores, but 1F Cash Advance offers an alternative by providing access to no credit check loans with guaranteed approval. Borrowers can apply online in minutes, receive an instant decision, and get funds deposited into their bank accounts as soon as the same day.

    “Millions of Americans are just one emergency away from a financial crisis. We built our platform to offer fast, stress-free access to cash, no matter your credit score,” said Adrienne Bailey, Public Relations Specialist for 1F Cash Advance.

    What’s a Payday Loan?

    Payday loans are a short-term way to get up to $1,000 in difficult financial circumstances quickly. Whether it’s an unexpected bill, a car repair, or another emergency expense, these loans are designed to help you cover urgent needs. They’re typically meant to be repaid in full, along with fees and interest, by your next payday, usually within 14 to 31 days.

    Payday loans are especially helpful for people who may not qualify for traditional bank loans due to factors such as a low credit score, inconsistent income, or unemployment. The application process is typically quick and easy, often requiring only proof of income, an active bank account, and a few other basic documents.

    APPLY FOR NO CREDIT CHECK PAYDAY LOANS

    How Do Payday Loans Work?

    Payday loans are straightforward to get. You fill out an application, and if you meet the requirements, the money is deposited directly into your bank account, often the same day.

    Unlike traditional loans, which often involve a mountain of paperwork and require waiting for days, payday loans are much more streamlined. The entire process is typically handled online, from application to approval and receiving the funds. Automated systems speed things up by checking your eligibility in real time, so you don’t have to wait in line or deal with unnecessary steps.

    Once you’re approved, you’ll receive the details of the loan agreement, including repayment terms and fees. You can review everything and decide whether to accept the offer—no pressure.

    Who Can Apply?

    Just like with any loan, there are a few basic requirements you’ll need to meet before you can get approved for a payday loan. Most people qualify without much difficulty. Here’s what lenders typically look for:

    • You need to be a U.S. citizen or permanent resident
    • You must be at least 18 years old
    • You should have a reliable source of income
    • A bank account to deposit the funds into
    • And a phone number or email so the lender can contact you

    Because these requirements are so straightforward, payday loans tend to have a high approval rate. Most people, even with bad credit, find that they meet all the criteria without needing to jump through hoops, making it a quick and accessible option when money is tight.

    Why Borrowers with Bad Credit Face Challenges While Getting Loans

    Borrowers with poor credit often encounter difficulties when seeking loans due to several important factors:

    Increased Lending Risk

    Credit scores serve as a tool for lenders to assess the likelihood that a borrower will repay a loan. A low credit score indicates past financial struggles, such as missed payments or high debt, making lenders hesitant to lend money.

    Costlier Loan Terms

    Because these borrowers are considered riskier, lenders typically offset this by charging higher interest rates and additional fees. This increases the overall cost of borrowing and can make loans less affordable.

    Fewer Lending Opportunities

    Traditional financial institutions usually set minimum credit standards. Borrowers with bad credit may find themselves rejected or limited to only a small selection of loan products.

    Tougher Conditions

    Loans approved for those with poor credit often come with stricter conditions, such as shorter repayment terms, higher fees, or the need for collateral, which can be difficult to provide.

    Discouragement and Hesitation

    Experiencing loan denials or steep borrowing conditions can reduce a borrower’s confidence, causing some to avoid applying for loans altogether.

    Risk of Predatory Lending

    In their search for financing, some borrowers with bad credit may turn to high-risk lenders offering loans with exorbitant interest rates and unfair terms, potentially trapping them in a cycle of debt.

    CHECK OUT NO CREDIT CHECK PAYDAY LOAN OPTIONS

    What Makes 1F Cash Advance Stand Out?

    In 2025, more people are looking for fast, no-hassle loan options, especially those who don’t qualify with traditional banks. That’s where 1F Cash Advance comes in. Here’s what sets it apart:

    • Guaranteed approval for most applicants, regardless of credit score
    • No hard credit checks during the application process
    • Loan amounts from $100 to $1,000
    • 1-hour payday loans available
    • Same-day or next-business-day funding
    • Simple and secure online form that takes 5 minutes to complete

    This service is ideal for anyone facing unexpected expenses, such as car repairs, medical bills, or rent, and doesn’t want to deal with paperwork, rejections, or long waits.

    Smarter Ways to Handle Financial Emergencies

    Here are some smarter, more manageable ways to handle those money problems:

    1. Figure Out What You’re Dealing With

    Before you jump into problem-solving mode, take a moment to consider details. Ask yourself:

    • How much money do I need?
    • Is this urgent, or do I have a little time?
    • Can I split this cost up or delay part of it?

    Getting clear on what’s going on can help you avoid rash decisions and unnecessary stress.

    2. Use Your Emergency Savings (If You’ve Got It)

    If you’ve managed to stash away even a little emergency fund, now’s the time to dip into it. That money is there for a reason, to help you stay out of deeper debt when life throws you a financial punch.

    3. Consider a Short-Term Loan from a Trusted Source

    If savings won’t cover it, borrowing might make sense, but not from just anywhere. That’s where 1F Cash Advance can help:

    • No credit check is required to explore available options.
    • Applications are reviewed quickly, often in minutes.
    • Funds can be available as soon as the same day or by the next business day.
    • Rates, terms, and fees are clearly presented upfront—no hidden surprises.


    4. Reach Out Before Things Spiral

    If the emergency involves rent, bills, or services, contact the relevant parties. Contact your landlord to see if you can split the rent. Ask your utility company about payment options. Check out local organizations that help with food, transportation, or temporary expenses. You might be surprised at how many options are available, especially if you ask early.

    5. Be Careful with Payday Loans

    The trick is knowing which ones are fair and which ones are traps. Avoid lenders who charge crazy interest rates or try to keep you stuck in a cycle of borrowing. Take time to read reviews and compare offers side by side — these extra steps can protect you from shady deals.

    6. Plan for Next Time

    Once the emergency is handled, take a moment to regroup. Setting aside $5 or $10 a week helps build a small buffer for the next unexpected expense. It doesn’t have to be big, just consistent.

    How Are Payday Loans Different from Traditional Loans?

    Payday loans and conventional (or traditional) loans both offer ways to borrow money, but they’re designed for very different situations and come with some key differences. Here’s how they stack up:

    1. Loan Amounts. Payday loans are meant for smaller, short-term needs, typically ranging from $100 to $1,000. Conventional loans can be significantly larger, sometimes reaching tens or even hundreds of thousands of dollars, depending on their intended use (such as buying a home or car).
    2. Repayment Terms. With a payday loan, you’re expected to repay the full amount, plus interest and fees, by your next paycheck—usually within a couple of weeks. Traditional loans give you much more time to repay. Payments are spread out over several months or even years, depending on the type of loan.
    3. Interest and Fees. Payday loans typically carry higher interest rates and fees. Since they’re short-term and don’t rely heavily on credit history, lenders take on more risk and charge accordingly. Conventional loans generally offer lower interest rates, especially if you have good credit.
    4. Credit Requirements. Most payday lenders either skip credit checks or perform a soft pull, meaning your credit score won’t be affected. Traditional lenders, like banks or credit unions, typically require a full credit check, and your approval depends heavily on your credit score, credit history, and sometimes even collateral.
    5. Approval Speed. Payday loans are focused on speed. Many are approved and funded within hours. Conventional loans often take several days or even weeks due to paperwork, underwriting, and approval processes.
    6. Eligibility Criteria. Payday loans are designed for people who may not have a perfect credit history or any credit history at all. They’re more accessible if you’re working with limited financial options. Traditional loans are more likely to be extended to borrowers with strong credit profiles, stable income, and a solid financial history.


    What They’re Used For

    People usually turn to payday loans when they need quick cash for:

    • Medical bills or prescription expenses
    • Emergency car or home repairs
    • Utility bills to avoid service shut-offs
    • Rent payments to avoid eviction
    • Unexpected travel expenses
    • Everyday necessities when short on funds
    • Covering gaps between paychecks

    Payday loans can be an option not only for those with jobs but also for students, retirees, single parents, or even unemployed individuals. The key requirement is having proof of a stable income source—this could be wages, benefits, pensions, or regular assistance payments.

    Conventional loans, on the other hand, are typically used for bigger financial needs, such as:

    • Buying a home
    • Financing a vehicle
    • Covering education expenses
    • Consolidating debts
    • Starting or expanding a business

    To wrap up, payday loans are fast, simple, and accessible, but they’re also more expensive. Conventional loans take longer to process and require stronger credit profiles, but usually come with better terms. The right choice depends on your FICO score, how urgently you need the money, and what you plan to use it for.

    The Pros and Cons of Payday Loans

    Payday loans can offer a quick financial fix when you’re in a pinch, but they also come with serious risks. Before applying, it’s essential to weigh both sides. Here’s a clear look at the upsides and downsides of payday loans:

    Upsides of Payday Loans

    1. Fast Access to Cash. One of the biggest perks of payday loans is speed. Many lenders offer same-day or next-day funding, which can be a lifesaver if you’re facing an urgent bill or emergency expense.
    2. No Credit Check Required. If your credit score isn’t great or you don’t have a credit history at all, payday lenders are often more forgiving. Most don’t require a hard credit check, which makes these loans accessible to a wider range of borrowers.
    3. Simple Qualifications. You don’t need perfect financials to qualify. Typically, the required documentation includes proof of income, a valid ID, a bank account, and a means of contact (such as a phone number or email address).
    4. Convenient Application Process. You can apply online or in person, and most applications take only a few minutes to complete. If you’d rather avoid the hassle of going to a bank, this is a flexible and convenient option.


    Downsides of Payday Loans

    1. The Debt Trap Risk. Because payday loans come with high fees and short repayment terms, many borrowers struggle to pay them back on time. This can lead to a dangerous cycle where you take out another loan just to cover the first, and the debt continues to grow.
    2. Extremely High Interest Rates. Payday loans are among the most expensive forms of borrowing, with APR rates typically ranging from 300% to 400%. Even a small loan can become very costly if you can’t repay it quickly.


    FAQs

    Can I Still Get a Payday Loan with Bad Credit?

    Yes, you can. Many payday lenders don’t even check your credit the traditional way. So, having bad credit or no credit at all usually won’t stop you from getting approved. Instead, they’ll look at your income and ability to repay the loan.

    What Happens If I Can’t Repay a Payday Loan?

    If you miss your repayment, things can get complicated. Lenders may charge late fees or other penalties, and in some cases, this could harm your credit score, especially if the loan is sent to collections. That can make it harder to borrow in the future. Some lenders may also attempt alternative methods to recover the money, such as multiple attempts to withdraw funds from your bank account. Contact your lender immediately if you anticipate difficulty repaying. They can offer options.

    Will Applying for a Payday Loan Hurt My Credit Score?

    Not when you apply through 1F Cash Advance. We only perform a soft credit check, which means it won’t show up on your credit report or affect your FICO score. Your credit score is only at risk if you default on the loan and it goes to collections.

    How Fast Can I Get a Payday Loan?

    Very fast! Most payday lenders aim to provide you with the money on the same day or by the next business day. You can often apply online in just a few minutes, and if approved, funds could be deposited into your bank account within hours.

    Media Contact Info

    Mailing Address

    1F Cash Advance, LLC

    1942 Broadway St., STE 314C Boulder, CO 80302

    Main Office Location

    2770 Canyon Blvd, Boulder, CO 80302

    Website: https://1firstcashadvance.org

    E-mail: info@1firstcashadvance.org

    Phone: (720) 428-2247

    Social Media:

    Disclaimer & Affiliate Disclosure

    This article is intended for informational and commercial purposes only. It’s not financial advice, legal guidance, or an official endorsement of any specific loan provider. While we strive to keep information accurate and up to date, we can’t guarantee its completeness or reliability. Please conduct your own research and, if necessary, consult with a licensed financial advisor or legal expert before making any financial decisions.

    The loan products mentioned here, including payday loans and other financial services, may not be suitable for everyone. Terms, rates, and eligibility vary by lender and location. Approval is never guaranteed, and every lender has its own criteria, including income verification, ID checks, and compliance with state or federal regulations.

    Some links in this content may be affiliate links. That means if you click and take action (such as applying for a loan), we may earn a small commission at no additional cost to you. These commissions help support our content, but they don’t affect our editorial integrity or influence what we write. We aim to provide honest, helpful, and unbiased information at all times.

    By reading or using this content, you agree that we, including the publisher, content creator, partners, and affiliates, aren’t liable for any losses, inaccuracies, or problems that may arise from the information provided here. This includes issues such as loan denials, outdated terms, or disputes with lenders.

    Mentions of companies like “1F Cash Advance” are for informational comparison only. We do not have a formal relationship or endorsement agreement with any specific company unless stated otherwise. For questions about a specific service or offer, please contact the company directly.

    All trademarks and company names belong to their respective owners.

    Photos accompanying this announcement are available at

    https://www.globenewswire.com/NewsRoom/AttachmentNg/679bdf0b-cc82-4b57-80b4-72f1e4722a20

    https://www.globenewswire.com/NewsRoom/AttachmentNg/542fe772-e81a-47a9-85dd-48d5ee5e48f5

    The MIL Network –

  • MIL-OSI: Is polite driving in the rearview? PNW drivers say rudeness is on the rise

    Source: GlobeNewswire (MIL-OSI)

    SEATTLE, July 22, 2025 (GLOBE NEWSWIRE) — If you’ve felt a shift in driver behavior on Pacific Northwest roads, you’re not alone. PEMCO’s poll of Washington and Oregon residents found that rudeness on the road may be more than a feeling; it’s a reality. Nearly three in four drivers (73%) say they have at least occasionally seen increases in traffic violations in the last five years, and of those, nearly half (47%) say they’ve often seen more drivers breaking the rules.

    Drivers admitted to a range of behaviors behind the wheel, such as driving slower to “teach someone a lesson” after they’ve tailgated you – 36% of drivers said they do it at least occasionally. Likewise, 35% of drivers admit to speeding up to block another vehicle from passing.

    Interestingly, some groups were significantly more likely to fess up to the unfriendly driving behaviors than others. Parents, in particular, were more than twice as likely as drivers without children to say they’ve acted out behind the wheel. For example, 29% of parents say they’ve often driven slower on purpose to teach someone a lesson after being tailgated, compared to just 9% of drivers without kids. Similarly, 24% of parents admit to often speeding up to block someone from passing, while only 8% of non-parents say the same.

    Younger drivers also stand out. Those under 35 were the age group most likely to admit to these kinds of aggressive behaviors, with 31% saying they’ve often driven slower to teach a lesson, and 23% admitting they’ve often sped up to block a pass – far higher than the rates reported among drivers 55 and older (4% and 7%, respectively).

    Despite the rise in rudeness, most drivers still say they witness polite gestures, like waving someone through or allowing others to merge. But the contrast is significant: more than half (56%) also say they often see rude or aggressive behavior from other drivers, while only 37% say they’ve witnessed other drivers being extra polite.

    “Aggressive driving may be becoming more common, but it doesn’t have to be the norm,” said Jennifer Hawton, spokesperson for PEMCO Insurance. “Safe, defensive driving helps protect everyone, and often, a small act of kindness behind the wheel can prevent a much bigger problem. It’s important to stay aware of your surroundings and help keep each other safe when driving.”

    About the PEMCO Insurance Northwest Poll

    PEMCO Mutual Insurance commissioned this independent survey, conducted by Qualtrics, to explore Washington and Oregon residents’ attitudes toward current Northwest issues. The study included 436 respondents from the Seattle metro area (King, Snohomish, and Pierce counties) and 398 respondents from the Portland metro area (Multnomah, Marion, Clackamas, and Washington counties). The results have a margin of error of ±5% at a 95% confidence level. In other words, if the survey we conducted 100 times, the findings would fall within that margin of error in 95 of those instances.

    About PEMCO Mutual Insurance

    PEMCO Mutual Insurance has been serving the Pacific Northwest for 75 years. PEMCO provides auto, home, renters, and boat coverage. We are honored to have been recognized as a Best American Insurance Company by Forbes Magazine based on customer feedback and as one of America’s Greatest Midsize Workplaces 2025 by Newsweek. We distinguish ourselves through award-winning customer service, industry expertise, and social impact programs focused on supporting youth and education; community impact programs that build a safer, stronger Pacific Northwest. To learn more, visit www.pemco.com.

    The MIL Network –

  • MIL-OSI: Andean Silver to Present at the Metals & Mining Virtual Investor Conference July 23

    Source: GlobeNewswire (MIL-OSI)

    PERTH, Western Australia, July 22, 2025 (GLOBE NEWSWIRE) — Andean Silver (ASX: ASL), based in Chile, focused on the Cerro Bayo Project, today announced that Tim Laneyrie, CEO, will present live at the Metals & Mining Virtual Investor Conference hosted by VirtualInvestorConferences.com, on July 23, 2025

    DATE: July 23
    TIME: 9:30 AM ET
    LINK: REGISTER HERE

    This will be a live, interactive online event where investors are invited to ask the company questions in real-time. If attendees are not able to join the event live on the day of the conference, an archived webcast will also be made available after the event.

    It is recommended that online investors pre-register and run the online system check to expedite participation and receive event updates.  

    Learn more about the event at www.virtualinvestorconferences.com.

    Recent Company Highlights

    • Andean raised A$30m in strongly supported raise (18/07/25)
    • Andean begins trading on the OTCQX (ADSLF) (21/7/25)
    • Drilling doubles the vertical extent of the Coyita orebody (24/6/25)
    • Exploration continues to grow project pipeline (28/5/25)

    About Andean Silver

    Andean Silver Limited (ASX:ASL) is an Australian mineral exploration and development company focused on advancing its 100% owned Cerro Bayo Silver-Gold Project in the Aysen region of Southern Chile. The Cerro Bayo Silver-Gold Project currently hosts an Indicated and Inferred Mineral Resources of 9.8Mt at a grade of 353g/t for 111Moz of contained AgEq. Andean intends to rapidly advance the project and grow the existing silver-gold Resources to demonstrate a globally significant silver-gold asset. For further information regarding Andean Silver Limited, please visit the ASX platform (ASX:ASL) or the Company’s website at www.andeansilver.com

    About Virtual Investor Conferences®
    Virtual Investor Conferences (VIC) is the leading proprietary investor conference series that provides an interactive forum for publicly traded companies to seamlessly present directly to investors.

    Providing a real-time investor engagement solution, VIC is specifically designed to offer companies more efficient investor access.  Replicating the components of an on-site investor conference, VIC offers companies enhanced capabilities to connect with investors, schedule targeted one-on-one meetings and enhance their presentations with dynamic video content. Accelerating the next level of investor engagement, Virtual Investor Conferences delivers leading investor communications to a global network of retail and institutional investors.

    CONTACTS:
    Andean Silver
    Tim Laneyrie
    CEO
    (+61) 411 223 724
    tlaneyrie@andeansilver.com

    Virtual Investor Conferences
    John M. Viglotti
    SVP Corporate Services, Investor Access
    OTC Markets Group
    (212) 220-2221
    johnv@otcmarkets.com

    The MIL Network –

  • MIL-OSI: Andean Silver to Present at the Metals & Mining Virtual Investor Conference July 23

    Source: GlobeNewswire (MIL-OSI)

    PERTH, Western Australia, July 22, 2025 (GLOBE NEWSWIRE) — Andean Silver (ASX: ASL), based in Chile, focused on the Cerro Bayo Project, today announced that Tim Laneyrie, CEO, will present live at the Metals & Mining Virtual Investor Conference hosted by VirtualInvestorConferences.com, on July 23, 2025

    DATE: July 23
    TIME: 9:30 AM ET
    LINK: REGISTER HERE

    This will be a live, interactive online event where investors are invited to ask the company questions in real-time. If attendees are not able to join the event live on the day of the conference, an archived webcast will also be made available after the event.

    It is recommended that online investors pre-register and run the online system check to expedite participation and receive event updates.  

    Learn more about the event at www.virtualinvestorconferences.com.

    Recent Company Highlights

    • Andean raised A$30m in strongly supported raise (18/07/25)
    • Andean begins trading on the OTCQX (ADSLF) (21/7/25)
    • Drilling doubles the vertical extent of the Coyita orebody (24/6/25)
    • Exploration continues to grow project pipeline (28/5/25)

    About Andean Silver

    Andean Silver Limited (ASX:ASL) is an Australian mineral exploration and development company focused on advancing its 100% owned Cerro Bayo Silver-Gold Project in the Aysen region of Southern Chile. The Cerro Bayo Silver-Gold Project currently hosts an Indicated and Inferred Mineral Resources of 9.8Mt at a grade of 353g/t for 111Moz of contained AgEq. Andean intends to rapidly advance the project and grow the existing silver-gold Resources to demonstrate a globally significant silver-gold asset. For further information regarding Andean Silver Limited, please visit the ASX platform (ASX:ASL) or the Company’s website at www.andeansilver.com

    About Virtual Investor Conferences®
    Virtual Investor Conferences (VIC) is the leading proprietary investor conference series that provides an interactive forum for publicly traded companies to seamlessly present directly to investors.

    Providing a real-time investor engagement solution, VIC is specifically designed to offer companies more efficient investor access.  Replicating the components of an on-site investor conference, VIC offers companies enhanced capabilities to connect with investors, schedule targeted one-on-one meetings and enhance their presentations with dynamic video content. Accelerating the next level of investor engagement, Virtual Investor Conferences delivers leading investor communications to a global network of retail and institutional investors.

    CONTACTS:
    Andean Silver
    Tim Laneyrie
    CEO
    (+61) 411 223 724
    tlaneyrie@andeansilver.com

    Virtual Investor Conferences
    John M. Viglotti
    SVP Corporate Services, Investor Access
    OTC Markets Group
    (212) 220-2221
    johnv@otcmarkets.com

    The MIL Network –

  • MIL-OSI: PureSky Energy Launches 100% LMI-Focused Clover Meadow Community Solar Project Under New York’s ESFA Program

    Source: GlobeNewswire (MIL-OSI)

    CLAVERACK, N.Y., July 22, 2025 (GLOBE NEWSWIRE) — PureSky Energy (“PureSky”) is proud to announce that its newest community solar farm, Clover Meadow Solar, located near Claverack, NY, is now fully operational and delivering clean, affordable energy exclusively to Low- to Moderate-Income (LMI) households. The 7.3 MWdc project is enrolled in New York State’s Expanded Solar for All (ESFA) program, which ensures that the benefits of renewable energy reach the communities that need them most.

    This milestone underscores PureSky’s deep commitment to energy equity, bringing the benefits of solar to income-qualified residents who often face the greatest barriers to accessing clean energy savings. Clover Meadow was developed by Eden Renewables (“Eden”), based in Troy NY, and is the seventh such project that PureSky and Eden have worked on together.

    Clover Meadow Solar Key Facts:

    • Location: Claverack, NY
    • Capacity: 7,269 kWDC
    • Solar Panels: 13,338 high-efficiency modules
    • Annual Generation: 10.3 million kWh
    • Equivalent Homes Powered: ~1,417 annually
    • Estimated Annual CO₂ Reduction: 14.9 million lbs
    • Estimated 30-Year Customer Savings: $3.4 million

    “Clover Meadow represents what community solar should be—a tool to make the clean energy transition equitable and inclusive,” said Nicholas Topping, Vice President of Community Solar at PureSky. “By enrolling the solar farm entirely under the ESFA program, we’re able to deliver immediate savings to thousands of income-eligible households while strengthening New York’s energy independence and supporting the state’s clean energy goals.”

    “Clover Meadow is another exciting milestone in our ongoing collaboration with PureSky Energy,” said Giovanni Maruca, Chief Development Officer at Eden Renewables. “At Eden, we’re committed to putting communities at the center of our projects That’s why we’re especially excited that this project will deliver clean, affordable energy to low-income households through the ESFA program.”

    This 100%-all LMI project exemplifies the growing capability of community solar to lower energy costs for households, particularly in rural and underserved areas. Households enrolled in the program will see guaranteed savings on their electricity bills—without needing to install rooftop panels or pay any upfront costs.

    Beyond household savings, the Clover Meadow Solar project brings broader benefits to the Claverack community by generating new local tax revenue and supporting clean energy jobs. The solar farm is designed to be pollinator-friendly, helping to tackle the global climate crisis, and includes Eden’s industry-leading education program as a community benefit. Projects like this help build more resilient, distributed energy systems while investing directly in local economies.

    About Expanded Solar for All (ESFA)
    New York’s ESFA program is designed to ensure that LMI households across the state can participate in and benefit from the growth of renewable energy. By connecting utility customers directly to solar projects like Clover Meadow, ESFA delivers monthly bill credits and long-term economic relief to income-qualified participants.

    PureSky Energy remains committed to developing and operating inclusive solar projects throughout New York. The company has additional anchor capacity available for future community solar projects and invites municipalities, housing authorities, and local organizations to explore partnership opportunities.

    For more information about the Clover Meadow project or PureSky Energy’s community solar offerings, please visit www.pureskyenergy.com or contact customercare@pureskyenergy.com.

    About PureSky Energy:
    PureSky Energy is a leading developer, owner, and operator of US community solar, C&I and storage projects with headquarters in Denver, Colorado. Since entering the US market in 2016, the company has rapidly expanded its scale and currently operates a portfolio with generation capacity of approximately 233MW across forty-four sites or under-construction projects expected to be completed in the short term. The company has a large pipeline of solar and battery storage projects across existing and new US markets, placing the platform in a primary position within the distributed generation market. The company’s mission is to make clean energy accessible and affordable to local communities across the United States, while shaping a brighter, more sustainable future for generations to come.

    Website: www.pureskyenergy.com

    Host A Solar Farm: https://www.pureskyenergy.com/community-host

    LinkedIn: https://www.linkedin.com/company/puresky-energy

    Media inquiries: Janet Janzen: marketing@pureskyenergy.com

    About Eden Renewables:

    Eden Renewables is an international developer of solar and energy storage projects in the US, UK, and sub-Saharan Africa. 

    Eden’s US office is based in Troy, NY, and currently has 21 pollinator-friendly community solar projects approved in the Capital Region and neighboring counties. All of Eden’s solar projects promote biodiversity and agricultural usage with excellent community and educational benefits. Subscribers to its community solar farms can benefit from savings of around 10% on their electricity bills.

    Website: https://edenrenewables.com/

    Media inquiries: sophy.fearnley-whittingstall@edenrenewables.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/ed3553da-f15c-4be8-a6a2-9f498be260fa

    The MIL Network –

  • MIL-OSI: Buckeye Energy Holdings Spins Out Its Ownership Interest in Swift Current Energy to Funds Managed by IFM Investors

    Source: GlobeNewswire (MIL-OSI)

    HOUSTON, July 22, 2025 (GLOBE NEWSWIRE) — Buckeye Energy Holdings LLC (“Buckeye”), a premier energy infrastructure and logistics provider wholly owned by funds managed by IFM Investors (“IFM”), of which Buckeye Partners, L.P. is a wholly owned subsidiary, has completed the in-specie distribution of its majority ownership stake in Swift Current Energy, a leading renewable energy platform, to IFM. Swift Current Energy will operate as a standalone company going forward.

    Todd Russo, Chief Executive Officer of Buckeye, said “The distribution of Swift Current Energy to IFM will strengthen Buckeye’s ability to focus on leveraging our network of critical energy infrastructure to deliver targeted solutions that address the evolving energy needs of our customers. Looking ahead, we intend to continue driving new commercial opportunities to catalyze growth in our core business.”

    David Sparrow, Executive Director, Infrastructure at IFM Investors, said “This strategic distribution is an important milestone in the successful incubation of Swift Current Energy, leveraging the development, construction and operational expertise of the Buckeye platform to grow Swift Current Energy into a leading standalone renewable energy company held directly within the IFM portfolio. Looking ahead, Buckeye is ideally positioned with an attractive pipeline of proprietary growth opportunities, backing to pursue strategic synergies, and targeted solutions to enable less carbon-intensive offerings to its customer base.”

    About Buckeye Energy Holdings

    Buckeye is a premier infrastructure and logistics provider for the world’s energy needs, both today and tomorrow.

    Buckeye, a wholly-owned investment of IFM, owns and operates a diversified global network of integrated assets providing midstream infrastructure and logistics solutions. Across every aspect of the business – including its over 5,000 miles of domestic pipeline, more than 130 liquid petroleum products terminals and approximately 125 million barrels of tank capacity – Buckeye is committed to safely and responsibly providing world-class service to meet the continually evolving energy needs of its customers and the communities it serves. As part of this commitment to its customers, Buckeye is focused on providing for its customers’ increasingly diverse energy needs by continuing to diversify its platform and offerings to enable less carbon intensive energy solutions and undertaking decarbonization efforts on its operations. For more information, please visit buckeye.com.

    Media Contact
    buckeye@fticonsulting.com

    The MIL Network –

  • MIL-OSI: LanzaTech Awarded Significant Grant by UK Government to Propel Sustainable Aviation Fuel Production

    Source: GlobeNewswire (MIL-OSI)

    LONDON, July 22, 2025 (GLOBE NEWSWIRE) — LanzaTech Global, Inc. (NASDAQ: LNZA) (“LanzaTech” or the “Company”) a leader in carbon management solutions, announced it has received a grant of £6.4 million from the UK government’s Advanced Fuels Fund (AFF), operated by the Department for Transport (DfT).

    The grant will accelerate the development of LanzaTech’s innovative DRAGON 1 & 2 projects, each playing a crucial role in the production of sustainable aviation fuel (SAF) in the UK. Project DRAGON stands for Decarbonizing and Reimagining Aviation for the Goal Of Netzero.

    The DRAGON 1 project is LanzaTech’s existing UK SAF project that will convert recycled carbon fuel ethanol (including ethanol from LanzaTech’s gas fermentation process) into Advanced SAF in Port Talbot, South Wales, using the LanzaJet® Alcohol-to-Jet (AtJ) process.

    The DRAGON 2 project is a Power-to-Liquid (PtL) facility that will convert waste carbon dioxide and green hydrogen into ethanol for subsequent conversion into PtL SAF at an adjacent facility using the LanzaJet® Alcohol-to-Jet (AtJ) process. The location for DRAGON 2 in the UK will be determined during this grant-funded project.

    Integrating LanzaTech’s gas fermentation process with LanzaJet’s AtJ technology gives this approach a distinctive edge. By turning regional waste resources into valuable SAF, LanzaTech facilitates the production of low Carbon Intensity (CI) fuels, contributing positively to the UK’s SAF Mandate and supporting economic growth and job creation in industrial zones in the UK.

    “The future of aviation fuel is ethanol-to-SAF and LanzaTech is at the forefront,” said Dr. Jennifer Holmgren, CEO of LanzaTech. “Our commitment to enabling cleaner jet fuel is bolstered by the UK government’s continued support and confidence in LanzaTech as a leader in the sector. This funding not only affirms the value of our unique technology and feedstock approach but also propels our mission to integrate air travel into a circular carbon economy. DRAGON 1 & 2 are set to drive the global SAF market forward and exemplify the UK’s commitment to leading SAF innovation on the global stage.”

    The UK government’s significant investment in these projects underscores their confidence in LanzaTech’s proven, commercial-scale technology and its potential to substantially boost the UK’s SAF production. This endorsement not only solidifies LanzaTech’s reputation as a leader in advancing global clean energy initiatives but also emphasizes the crucial role of feedstock providers. By leveraging low-cost, sustainable inputs for SAF production, LanzaTech is poised to play a key role in aiding the aviation sector’s pursuit of its net-zero commitments.

    Separately, Project Speedbird by LanzaJet, in which LanzaTech holds a 36% ownership stake, also received recognition and £10 million in funding from the Advanced Fuels Fund, further testament to the government’s trust in the Lanza technology portfolio. In 2024, LanzaTech and LanzaJet partnered to create CirculAir™, that transforms nearly any form of waste carbon (including CO2, MSW, agri residues) into SAF, combining the groundbreaking technologies of both companies to provide the aviation industry with a solution to produce waste-based SAF on a global scale.

    Today’s allocation boosts total government contributions through the Advanced Fuels Fund (AFF) to £198 million, aimed at expanding cleaner aviation technologies. This strategic investment is a testament to the UK government’s comprehensive approach to environmental strategies, aligning with initiatives like the recently enacted SAF Mandate. This funding round notably supports a broad spectrum of pathways and feedstocks for SAF production—an inclusive move by the UK government that recognizes the need for varied solutions in the pursuit of net-zero aviation.

    LanzaTech is committed to continuing its collaborative efforts with the UK government, industry partners, and the global community to scale solutions that can transform waste carbon into an opportunity for sustainable growth. We are proud to be recognized as part of the diverse array of solutions required to achieve a sustainable future for aviation.

    About LanzaTech

    LanzaTech Global, Inc. (NASDAQ: LNZA) is a carbon management solutions company that transforms industrial emissions, gasified solid waste and carbon dioxide into recycled carbon ethanol via proprietary bio-fermentation technology. Ethanol is a crucial building block in the world – a key feedstock for Sustainable Aviation Fuel (SAF) and other downstream chemical derivatives. Operating commercially at six assets today, the expanding project pipeline is set to meet growing SAF demand on a global scale in the coming years. LanzaTech’s technology unlocks value across the supply chain, reducing the carbon footprint of hard-to-abate sectors while shepherding recycled carbon fuels and products to the world, building a circular carbon economy.

    Investor Relations
    John Ragozzino
    Lanzatech@icrinc.com

    Public Relations
    Matt Dallas
    Lanzatech@icrinc.com 

    The MIL Network –

  • MIL-OSI: First Financial Corporation Reports Second Quarter Results

    Source: GlobeNewswire (MIL-OSI)

    TERRE HAUTE, Ind., July 22, 2025 (GLOBE NEWSWIRE) — First Financial Corporation (NASDAQ:THFF) today announced results for the second quarter of 2025.

    • Net income was $18.6 million compared to $11.4 million reported for the same period of 2024;
    • Diluted net income per common share of $1.57 compared to $0.96 for the same period of 2024;
    • Return on average assets was 1.34% compared to 0.94% for the three months ended June 30, 2024;
    • Provision for credit losses was $2.0 million compared to provision of $3.0 million for the second quarter 2024; and
    • Pre-tax, pre-provision net income was $24.9 million compared to $16.2 million for the same period in 2024.1

    The Corporation further reported results for the six months ended June 30, 2025:

    • Net income was $37.0 million compared to $22.3 million reported for the same period of 2024;
    • Diluted net income per common share of $3.12 compared to $1.89 for the same period of 2024;
    • Return on average assets was 1.34% compared to 0.93% for the six months ended June 30, 2024;
    • Provision for credit losses was $3.9 million compared to provision of $4.8 million for the six months ended June 30, 2024; and
    • Pre-tax, pre-provision net income was $50.6 million compared to $31.2 million for the same period in 2024.1

    ________________________
    1    Non-GAAP financial measure that Management believes is useful for investors and management to understand pre-tax profitability before giving effect to credit loss expense and to provide additional perspective on the Corporation’s performance over time as well as comparison to the Corporation’s peers and evaluating the financial results of the Corporation – please refer to the Non GAAP reconciliations contained in this release.

    Average Total Loans

    Average total loans for the second quarter of 2025 were $3.88 billion versus $3.20 billion for the comparable period in 2024, an increase of $680 million or 21.25%. On a linked quarter basis, average loans increased $35 million or 0.92% from $3.84 billion as of March 31, 2025. Increases in average loans year-over-year were a combination of the acquisition of SimplyBank on July 1, 2024, and organic growth.

    Total Loans Outstanding

    Total loans outstanding as of June 30, 2025, were $3.90 billion compared to $3.20 billion as of June 30, 2024, an increase of $693 million or 21.62%. On a linked quarter basis, total loans increased $42.6 million or 1.11% from $3.85 billion as of March 31, 2025. The year-over-year increase was impacted by the $467 million in loans acquired in the SimplyBank acquisition in July 2024. Organic growth was primarily driven by increases in Commercial Construction and Development, Commercial Real Estate, and Consumer Auto loans.

    Norman D. Lowery, President and Chief Executive Officer, commented “We are pleased with our second quarter results, as we have experienced our 7th consecutive quarter of loan growth. We also had another record quarter of net interest income and saw our net margin expand to 4.15%. We expect continued improvement in coming quarters.”

    Average Total Deposits

    Average total deposits for the quarter ended June 30, 2025, were $4.65 billion versus $4.11 billion as of June 30, 2024, an increase of $537 million, or 13.06%. On a linked quarter basis, average deposits remained stable when compared to March 31, 2025. Increases in average deposits year-over-year were mostly a result of the acquisition of SimplyBank.

    Total Deposits

    Total deposits were $4.66 billion as of June 30, 2025, compared to $4.13 billion as of June 30, 2024. On a linked quarter basis, total deposits increased $22.9 million or 0.49% from $4.64 billion as of March 31, 2025. $622 million in deposits were acquired in the SimplyBank acquisition in July 2024. Non-interest bearing deposits were $860 million, and time deposits were $710 million as of June 30, 2025, compared to $749 million and $586 million, respectively for the same period of 2024.

    Shareholders’ Equity

    Shareholders’ equity at June 30, 2025, was $587.7 million compared to $530.7 million on June 30, 2024. During the last twelve months, the Corporation has not repurchased any shares of its common stock. 518,860 shares remain available for repurchase under the current repurchase authorization. The Corporation paid a $0.51 per share quarterly dividend in April and declared a $0.51 quarterly dividend, which was paid on July 15, 2025.

    Book Value Per Share

    Book Value per share was $49.59 as of June 30, 2025, compared to $44.92 as of June 30, 2024, an increase of $4.67 per share, or 10.40%. Tangible Book Value per share was $39.74 as of June 30, 2025, compared to $37.12 as of June 30, 2024, an increase of $2.62 per share or 7.06%.

    Tangible Common Equity to Tangible Asset Ratio

    The Corporation’s tangible common equity to tangible asset ratio was 8.58% at June 30, 2025, compared to 9.14% at June 30, 2024.

    Net Interest Income

    Net interest income for the second quarter of 2025 was a record $52.7 million, compared to $39.3 million reported for the same period of 2024, an increase of $13.4 million, or 34.0%. Interest income increased $13.4 million and interest expense increased $29 thousand year over year. As mentioned by in the president’s comments above, loan growth has continued for seven consecutive quarters, which contributed to steadily increasing net interest income.

    Net Interest Margin

    The net interest margin for the quarter ended June 30, 2025, was 4.15% compared to the 3.57% reported at June 30, 2024.

    Nonperforming Loans

    Nonperforming loans as of June 30, 2025, were $9.8 million versus $15.9 million as of June 30, 2024. The ratio of nonperforming loans to total loans and leases was 0.25% as of June 30, 2025, versus 0.50% as of June 30, 2024. On a linked quarter basis, nonperforming loans were $10.2 million, and the ratio of nonperforming loans to total loans and leases was 0.26% as of March 31, 2025.

    Credit Loss Provision

    The provision for credit losses for the three months ended June 30, 2025, was $2.0 million, compared to $3.0 million for the same period 2024.

    Net Charge-Offs

    In the second quarter of 2025 net charge-offs were $1.7 million compared to $4.7 million in the same period of 2024.

    Allowance for Credit Losses

    The Corporation’s allowance for credit losses as of June 30, 2025, was $47.1 million compared to $38.3 million as of June 30, 2024. The allowance for credit losses as a percent of total loans was 1.21% as of June 30, 2025, compared to 1.20% as of June 30, 2024. On a linked quarter basis, the allowance for credit losses as a percent of total loans decreased one basis point from 1.22% as of March 31, 2025.

    Non-Interest Income

    Non-interest income for the three months ended June 30, 2025 and 2024 was $10.4 million and $9.9 million, respectively.

    Non-Interest Expense

    Non-interest expense for the three months ended June 30, 2025, was $38.3 million compared to $32.7 million in 2024.

    Efficiency Ratio

    The Corporation’s efficiency ratio was 59.37% for the quarter ending June 30, 2025, versus 64.56% for the same period in 2024.

    Income Taxes

    Income tax expense for the three months ended June 30, 2025, was $4.2 million versus $2.2 million for the same period in 2024. The effective tax rate for 2025 was 18.58% compared to 16.29% for 2024.

    About First Financial Corporation

    First Financial Corporation (NASDAQ:THFF) is the holding company for First Financial Bank N.A., which is the fifth oldest national bank in the United States, operating 83 banking centers in Illinois, Indiana, Kentucky, Tennessee, and Georgia. Additional information is available at www.first-online.bank.

    Investor Contact:
    Rodger A. McHargue
    Chief Financial Officer
    P: 812-238-6334
    E: rmchargue@first-online.com

                                   
        Three Months Ended   Six Months Ended
        June 30,    March 31,   June 30,    June 30,    June 30, 
           2025      2025      2024      2025      2024
    END OF PERIOD BALANCES                              
    Assets   $ 5,602,969   $ 5,549,094   $ 4,891,068   $ 5,602,969   $ 4,891,068
    Deposits   $ 4,662,889   $ 4,640,003   $ 4,132,327   $ 4,662,889   $ 4,132,327
    Loans, including net deferred loan costs   $ 3,896,563   $ 3,854,020   $ 3,204,009   $ 3,896,563   $ 3,204,009
    Allowance for Credit Losses   $ 47,087   $ 46,835   $ 38,334   $ 47,087   $ 38,334
    Total Equity   $ 587,668   $ 571,945   $ 530,670   $ 587,668   $ 530,670
    Tangible Common Equity (a)   $ 470,894   $ 451,874   $ 438,569   $ 470,894   $ 438,569
                                   
    AVERAGE BALANCES                              
    Total Assets   $ 5,529,225   $ 5,508,767   $ 4,813,308   $ 5,518,996   $ 4,808,836
    Earning Assets   $ 5,213,220   $ 5,194,478   $ 4,556,839   $ 5,203,849   $ 4,561,650
    Investments   $ 1,244,208   $ 1,266,300   $ 1,279,278   $ 1,255,254   $ 1,293,800
    Loans   $ 3,877,246   $ 3,841,752   $ 3,197,695   $ 3,859,499   $ 3,188,921
    Total Deposits   $ 4,651,051   $ 4,650,883   $ 4,113,826   $ 4,650,967   $ 4,079,832
    Interest-Bearing Deposits   $ 3,843,143   $ 3,837,679   $ 3,413,752   $ 3,840,411   $ 3,369,921
    Interest-Bearing Liabilities   $ 269,338   $ 261,174   $ 152,303   $ 265,256   $ 186,864
    Total Equity   $ 576,288   $ 564,742   $ 517,890   $ 570,515   $ 520,305
                                   
    INCOME STATEMENT DATA                              
    Net Interest Income   $ 52,671   $ 51,975   $ 39,294   $ 104,646   $ 78,214
    Net Interest Income Fully Tax Equivalent (b)   $ 54,091   $ 53,373   $ 40,673   $ 107,464   $ 80,970
    Provision for Credit Losses   $ 1,950   $ 1,950   $ 2,966   $ 3,900   $ 4,766
    Non-interest Income   $ 10,381   $ 10,511   $ 9,905   $ 20,892   $ 19,336
    Non-interest Expense   $ 38,276   $ 36,759   $ 32,651   $ 75,035   $ 66,073
    Net Income   $ 18,586   $ 18,406   $ 11,369   $ 36,992   $ 22,293
                                   
    PER SHARE DATA                              
    Basic and Diluted Net Income Per Common Share   $ 1.57   $ 1.55   $ 0.96   $ 3.12   $ 1.89
    Cash Dividends Declared Per Common Share   $ 0.51   $ 0.51   $ 0.45   $ 1.02   $ 0.90
    Book Value Per Common Share   $ 49.59   $ 48.26   $ 44.92   $ 49.59   $ 44.92
    Tangible Book Value Per Common Share (c)   $ 38.78   $ 38.13   $ 36.04   $ 39.74   $ 37.12
    Basic Weighted Average Common Shares Outstanding     11,851     11,842     11,814     11,847     11,809

    ________________________
    (a)   Tangible common equity is a non-GAAP financial measure derived from GAAP-based amounts. We calculate tangible common equity by excluding goodwill and other intangible assets from shareholder’s equity.
    (b)   Net interest income fully tax equivalent is a non-GAAP financial measure derived from GAAP-based amounts. We calculate net interest income fully tax equivalent by adding back the tax equivalent factor of tax exempt income to net interest income. We calculate the tax equivalent factor of tax exempt income by dividing tax exempt income by the net of tax rate of 75%.
    (c)   Tangible book value per common share is a non-GAAP financial measure derived from GAAP-based amounts. We calculate the factor by dividing average tangible common equity by average shares outstanding. We calculate average tangible common equity by excluding average intangible assets from average shareholder’s equity.

                                   
    Key Ratios      Three Months Ended     Six Months Ended  
        June 30,         March 31,        June 30,         June 30,         June 30,   
        2025     2025     2024           2025     2024  
    Return on average assets   1.34 %   1.34 %   0.94 %   1.34 %   0.93 %
    Return on average common shareholder’s equity   12.90 %   13.04 %   8.78 %   12.97 %   8.57 %
    Efficiency ratio   59.37 %   57.54 %   64.56 %   58.46 %   65.87 %
    Average equity to average assets   10.42 %   10.25 %   10.76 %   10.34 %   10.82 %
    Net interest margin (a)   4.15 %   4.11 %   3.57 %   4.13 %   3.55 %
    Net charge-offs to average loans and leases   0.18 %   0.19 %   0.59 %   0.18 %   0.39 %
    Credit loss reserve to loans and leases   1.21 %   1.22 %   1.20 %   1.21 %   1.20 %
    Credit loss reserve to nonperforming loans   480.72 %   460.57 %   240.85 %   480.72 %   240.85 %
    Nonperforming loans to loans and leases   0.25 %   0.26 %   0.50 %   0.25 %   0.50 %
    Tier 1 leverage   10.91 %   10.63 %   12.14 %   10.91 %   12.14 %
    Risk-based capital – Tier 1   12.86 %   12.70 %   14.82 %   12.86 %   14.82 %

    ________________________
    (a)   Net interest margin is calculated on a tax equivalent basis.

                                   
    Asset Quality   Three Months Ended   Six Months Ended
           June 30,       March 31,      June 30,       June 30,       June 30, 
        2025   2025   2024   2025   2024
    Accruing loans and leases past due 30-89 days   $ 22,303   $ 17,007   $ 14,913   $ 22,303   $ 14,913
    Accruing loans and leases past due 90 days or more   $ 1,917   $ 1,109   $ 1,353   $ 1,917   $ 1,353
    Nonaccrual loans and leases   $ 7,878   $ 9,060   $ 14,563   $ 7,878   $ 14,563
    Other real estate owned   $ 383   $ 560   $ 170   $ 383   $ 170
    Nonperforming loans and other real estate owned   $ 10,178   $ 10,729   $ 16,086   $ 10,178   $ 16,086
    Total nonperforming assets   $ 13,087   $ 13,631   $ 18,978   $ 13,087   $ 18,978
    Gross charge-offs   $ 2,928   $ 3,241   $ 6,091   $ 6,169   $ 9,283
    Recoveries   $ 1,230   $ 1,394   $ 1,414   $ 2,624   $ 3,084
    Net charge-offs/(recoveries)   $ 1,698   $ 1,847   $ 4,677   $ 3,545   $ 6,199
                   
    Non-GAAP Reconciliations   Three Months Ended June 30, 
           2025      2024
    ($in thousands, except EPS)              
    Income before Income Taxes   $ 22,826     $ 13,582  
    Provision for credit losses     1,950       2,966  
    Provision for unfunded commitments     100       (300 )
    Pre-tax, Pre-provision Income   $ 24,876     $ 16,248  
                   
    Non-GAAP Reconciliations   Six Months Ended June 30, 
           2025      2024
    ($ in thousands, except EPS)              
    Income before Income Taxes   $ 46,603     $ 26,711  
    Provision for credit losses     3,900       4,766  
    Provision for unfunded commitments     100       (300 )
    Pre-tax, Pre-provision Income   $ 50,603     $ 31,177  
     
    CONSOLIDATED BALANCE SHEETS
    (Dollar amounts in thousands, except per share data)
     
           June 30,       December 31, 
        2025   2024
        (unaudited)
    ASSETS            
    Cash and due from banks   $ 97,265     $ 93,526  
    Federal funds sold     853       820  
    Securities available-for-sale     1,169,956       1,195,990  
    Loans:            
    Commercial     2,222,015       2,196,351  
    Residential     987,738       967,386  
    Consumer     681,538       668,058  
          3,891,291       3,831,795  
    (Less) plus:            
    Net deferred loan costs     5,272       5,346  
    Allowance for credit losses     (47,087 )     (46,732 )
          3,849,476       3,790,409  
    Restricted stock     17,528       17,555  
    Accrued interest receivable     25,888       26,934  
    Premises and equipment, net     79,741       81,508  
    Bank-owned life insurance     130,072       128,766  
    Goodwill     98,229       100,026  
    Other intangible assets     18,545       21,545  
    Other real estate owned     383       523  
    Other assets     115,033       102,746  
    TOTAL ASSETS   $ 5,602,969     $ 5,560,348  
                 
    LIABILITIES AND SHAREHOLDERS’ EQUITY            
    Deposits:            
    Non-interest-bearing   $ 859,699     $ 859,014  
    Interest-bearing:            
    Certificates of deposit exceeding the FDIC insurance limits     143,780       144,982  
    Other interest-bearing deposits     3,659,410       3,714,918  
          4,662,889       4,718,914  
    Short-term borrowings     149,512       187,057  
    FHLB advances     122,677       28,120  
    Other liabilities     80,223       77,216  
    TOTAL LIABILITIES     5,015,301       5,011,307  
                 
    Shareholders’ equity            
    Common stock, $.125 stated value per share;            
    Authorized shares-40,000,000            
    Issued shares-16,190,157 in 2025 and 16,165,023 in 2024            
    Outstanding shares-11,850,645 in 2025 and 11,842,539 in 2024     2,020       2,018  
    Additional paid-in capital     146,391       145,927  
    Retained earnings     712,271       687,366  
    Accumulated other comprehensive income/(loss)     (118,234 )     (132,285 )
    Less: Treasury shares at cost-4,339,512 in 2025 and 4,322,484 in 2024     (154,780 )     (153,985 )
    TOTAL SHAREHOLDERS’ EQUITY     587,668       549,041  
    TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY   $ 5,602,969     $ 5,560,348  
     
    CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME
    (Dollar amounts in thousands, except per share data)
     
        Three Months Ended   Six Months Ended
        June 30,    June 30, 
           2025      2024      2025      2024
                      (unaudited)
    INTEREST INCOME:                          
    Loans, including related fees   $ 64,775     $ 51,459     $ 128,387     $ 101,511  
    Securities:                           
    Taxable     5,915       5,833       11,917       11,764  
    Tax-exempt     2,622       2,601       5,226       5,204  
    Other     865       878       1,679       1,695  
    TOTAL INTEREST INCOME     74,177       60,771       147,209       120,174  
    INTEREST EXPENSE:                              
    Deposits     18,495       19,694       36,694       37,425  
    Short-term borrowings     1,398       959       3,091       1,935  
    Other borrowings     1,613       824       2,778       2,600  
    TOTAL INTEREST EXPENSE     21,506       21,477       42,563       41,960  
    NET INTEREST INCOME     52,671       39,294       104,646       78,214  
    Provision for credit losses     1,950       2,966       3,900       4,766  
    NET INTEREST INCOME AFTER PROVISION                              
    FOR LOAN LOSSES     50,721       36,328       100,746       73,448  
    NON-INTEREST INCOME:                             
    Trust and financial services     1,490       1,318       2,883       2,652  
    Service charges and fees on deposit accounts     7,554       6,730       15,139       13,437  
    Other service charges and fees     256       286       572       509  
    Securities gains (losses), net     (3 )     —       (3 )     —  
    Interchange income     180       135       394       314  
    Loan servicing fees     326       414       492       683  
    Gain on sales of mortgage loans     430       299       655       475  
    Other     148       723       760       1,266  
    TOTAL NON-INTEREST INCOME     10,381       9,905       20,892       19,336  
    NON-INTEREST EXPENSE:                              
    Salaries and employee benefits     19,689       17,380       38,937       34,710  
    Occupancy expense     2,472       2,201       5,148       4,560  
    Equipment expense     4,587       4,312       9,092       8,456  
    FDIC Expense     795       501       1,545       1,163  
    Other     10,733       8,257       20,313       17,184  
    TOTAL NON-INTEREST EXPENSE     38,276       32,651       75,035       66,073  
    INCOME BEFORE INCOME TAXES     22,826       13,582       46,603       26,711  
    Provision for income taxes     4,240       2,213       9,611       4,418  
    NET INCOME     18,586       11,369       36,992       22,293  
    OTHER COMPREHENSIVE INCOME (LOSS)                              
    Change in unrealized gains/(losses) on securities, net of reclassifications and taxes     2,946       3,535       14,046       (7,561 )
    Change in funded status of post retirement benefits, net of taxes     2       74       5       147  
    COMPREHENSIVE INCOME (LOSS)   $ 21,534     $ 14,978     $ 51,043     $ 14,879  
    PER SHARE DATA                              
    Basic and Diluted Earnings per Share   $ 1.57     $ 0.96     $ 3.12     $ 1.89  
    Weighted average number of shares outstanding (in thousands)     11,851       11,814       11,847       11,809  

    The MIL Network –

  • MIL-OSI: Onfolio Holdings’ AI Marketing Subsidiary Showcases “How to 10X Your Traffic from ChatGPT” Exploring Generative Engine Optimization

    Source: GlobeNewswire (MIL-OSI)

    WILMINGTON, Del., July 22, 2025 (GLOBE NEWSWIRE) — Onfolio Holdings Inc. (NASDAQ: ONFO, ONFOW) (OTC: ONFOP) (“Onfolio” or the “Company”) announces that its wholly owned subsidiary, Pace Generative LLC, recently partnered with ThriveCart to deliver a live webinar on the emerging field of Generative Engine Optimization (GEO).

    ThriveCart, a leading online checkout and sales platform trusted by thousands of entrepreneurs and businesses, invited Pace Generative to educate its user base through a free webinar titled “How to 10X Your Traffic from ChatGPT.” The session was led by Onfolio’s CEO Dom Wells and drew strong interest, attracting close to 200 live attendees, underscoring the growing demand for GEO insights and solutions.

    Pace Generative is rapidly establishing itself as a thought leader and innovator in the AI visibility space, helping brands capitalize on exposure through platforms like ChatGPT and Google’s AI Overviews.

    A full replay of the webinar is available for free on ThriveCart’s YouTube channel at: https://www.youtube.com/watch?v=PQDWAGTXC9E

    About Pace Generative LLC

    Pace Generative helps brands increase their visibility and traffic from AI answer engines, such as Google AI overviews, ChatGPT, Perplexity, and Grok. By using traditional content marketing, SEO, and PR techniques, along with new proprietary methods, the Pace team helps optimize businesses for generative engine optimization (GEO). For more information, visit www.pacegenerative.com.

    About ThriveCart

    ThriveCart is the leading sales platform for digital course creators, coaches, entrepreneurs, and online businesses looking to boost revenue, drive conversions, and scale audiences. ThriveCart powers 60,000 businesses that have generated over $6 billion in lifetime sales. For more information, visit www.thrivecart.com.

    About Onfolio Holdings Inc.

    Onfolio acquires, operates, and scales a diversified portfolio of digital companies. The Company focuses on businesses with strong cash flows, long-term growth potential, and experienced leadership—or those that can be effectively managed by Onfolio’s in-house team. By targeting under-optimized businesses with untapped potential, Onfolio adds value through operational expertise, strategic guidance, and advanced technologies. For more information, visit www.onfolio.com.

    Safe Harbor Statement

    The information posted in this release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify these statements by use of the words “may,” “will,” “should,” “plans,” “explores,” “expects,” “anticipates,” “continues,” “estimates,” “projects,” “intends,” and similar expressions. Examples of forward-looking statements include, among others, statements we make regarding expected operating results, such as revenue growth and earnings, and strategy for growth and financial results. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the following: general economic and business conditions, effects of continued geopolitical unrest and regional conflicts, competition, changes in technology and methods of marketing, delays in completing new customer offerings, changes in customer order patterns, changes in customer offering mix, continued success in technological advances and delivering technological innovations, delays due to issues with outsourced service providers, those events and factors described by us in Item 1.A “Risk Factors” in our most recent Form 10-K and Form 10-Q and other risks to which our Company is subject, and various other factors beyond the Company’s control. Any forward-looking statement made by us in this press release is based only on information currently available to us and speaks only as of the date on which it is made. We undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.

    Company Contact:
    Investor Communications
    Onfolio Holdings Inc.
    Investors@Onfolio.com

    The MIL Network –

  • MIL-OSI: Ascendia Partners supports $350 Million RIA, Holistic Wealth Advisors

    Source: GlobeNewswire (MIL-OSI)

    CLIFTON PARK, N.Y., July 22, 2025 (GLOBE NEWSWIRE) — Ascendia Partners, a strategic consulting and shared services firm for independent advisors who aspire to become their own RIA, is proud to announce its successful support of Holistic Wealth Advisors (HWA)—a newly formed, fully independent, woman- owned registered investment advisory firm managing more than $350 million in assets.

    Ascendia Partners is a consulting and services firm that helps advisors form and grow independent RIAs. Ascendia provides end-to-end support throughout the process—including RIA formation, operational setup, compliance guidance, and succession planning.

    “Helping advisors build something lasting—and truly their own—is exactly what Ascendia was created to do,” said Chris DeLaura, CEO at Ascendia Partners. “We’re honored to have partnered with Stacy and the HWA team to help bring their vision to life.”

    Led by Stacy A. Clifford, AIF®, HWA is headquartered in Clifton Park, New York, and includes a team of 6 advisors and 7 support staff, bringing over 175 years of combined industry experience to the clients they serve.

    Stacy A. Clifford, AIF®, President and Founder of Holistic Wealth Advisors said “Ascendia is helping us with strategic planning as well as compliance, finance, human resources, and technology/operations decisions by sharing their experience to help me navigate these decisions as it relates to my firm and what’s right for my clients. I am not forced to fit my practice into a pre-built platform.”

    Ascendia is also working with HWA to secure a strategic minority capital investment to support the firm’s long-term growth, infrastructure, and client service capabilities. In addition to facilitating the capital investment, Ascendia supported HWA in maintaining AssetMark as its key investment platform partner—ensuring operational continuity while enabling a smooth and seamless client experience.

    Ascendia Partners continues to help advisors across the country pursue independence and succession through thoughtful transitions, tailored infrastructure, and long-term strategic support.

    About Ascendia Partners
    Ascendia Partners is a strategic resource for financial advisors ready to launch, grow, and transition into their own stand-alone independent firms. With a focus on thoughtful succession planning, operational support, and long-term business strategy, Ascendia helps advisors navigate complex transitions—providing turnkey infrastructure, compliance guidance, technology solutions, and access to capital partners. By empowering advisors to take ownership of their future, Ascendia enables the creation of enduring, client-centered firms built for sustainable success. Learn more at www.ascendia-partners.com.

    About Holistic Wealth Advisors
    Holistic Wealth Advisors is a fully independent, woman-founded and owned registered investment advisory firm based in Clifton Park, NY, with an additional office in Guilford, CT, managing over $350 million in client assets. Led by Stacy A. Clifford, AIF®, the firm provides comprehensive financial planning and investment management with a deeply personalized, relationship-driven approach. With a commitment to fiduciary care and long-term guidance, HWA serves individuals and families across the country, helping them plan confidently, invest wisely, and achieve lasting financial peace of mind. Learn more at www.holisticwealthadvisors.com.

    Media Contact
    Sam Clifford
    sam@ascendia-partners.com

    The MIL Network –