Category: Technology

MIL-OSI USA: Office of the Governor — Travel Release — Gov. Green to Attend NGA Summer Meeting in Colorado

Source: US State of Hawaii

Office of the Governor — Travel Release — Gov. Green to Attend NGA Summer Meeting in Colorado

Posted on Jul 23, 2025 in Latest Department News, Newsroom, Office of the Governor Press Releases

STATE OF HAWAIʻI
KA MOKU ʻĀINA O HAWAIʻI

JOSH GREEN, M.D.
GOVERNOR
KE KIAʻĀINA

GOVERNOR GREEN TO ATTEND NATIONAL GOVERNORS ASSOCIATION SUMMER MEETING IN COLORADO

FOR IMMEDIATE RELEASE
July 23, 2025

HONOLULU – Governor Josh Green, M.D., will travel to Colorado for the National Governors Association (NGA) 2025 Summer Meeting on Wednesday, July 23. He will participate in panel discussions with education experts, economists and business leaders. As one of the NGA’s Public Health and Disaster Task Force co–chairs with Vermont Governor Phil Scott, Governor Green will facilitate a discussion with Center for Medicare & Medicaid Services Administrator Dr. Mehmet Oz. The session will cover how potential changes to federal health programs could affect states. He will return to Hawai‘i Sunday, July 27, 2025.

Lieutenant Governor Sylvia Luke will serve as acting Governor from the evening of July 23 until the afternoon of July 27.

# # #

Media Contacts:
Erika Engle
Press Secretary
Office of the Governor, State of Hawai‘i
Office: 808-586-0120
Email: [email protected]

Makana McClellan
Director of Communications
Office of the Governor, State of Hawaiʻi
Cell: 808-265-0083
Email: [email protected]

MIL OSI USA News –

July 24, 2025

MIL-OSI: TransUnion Announces Second Quarter 2025 Results

Source: GlobeNewswire (MIL-OSI)

Exceeded second quarter 2025 financial guidance across all key financial metrics
Delivered 9 percent organic constant currency revenue growth (10 percent reported) led by U.S. Financial Services
De-levered to 2.8x Leverage Ratio at quarter-end and repurchased $47 million shares through mid-July
Raising 2025 financial guidance, we now expect to deliver 6 to 7 percent revenue growth for the year on both a reported and organic constant currency basis

CHICAGO, July 24, 2025 (GLOBE NEWSWIRE) — TransUnion (NYSE: TRU) (the “Company”) today announced financial results for the quarter ended June 30, 2025.

Second Quarter 2025 Results

Revenue:

Total revenue for the quarter was $1,140 million, an increase of 10 percent (10 percent on a constant currency basis and 9 percent on an organic constant currency basis), compared with the second quarter of 2024.

Earnings:

Net income attributable to TransUnion was $110 million for the quarter, compared with $85 million for the second quarter of 2024. Diluted earnings per share was $0.56, compared with $0.44 in the second quarter of 2024. Net income attributable to TransUnion margin was 9.6 percent, compared with 8.2 percent in the second quarter of 2024.
Adjusted Net Income was $213 million for the quarter, compared with $193 million for the second quarter of 2024. Adjusted Diluted Earnings per Share was $1.08, compared with $0.99 in the second quarter of 2024.
Adjusted EBITDA was $407 million for the quarter, compared with $377 million for the second quarter of 2024, an increase of 8 percent (8 percent on a constant currency basis). Adjusted EBITDA margin was 35.7 percent, compared with 36.2 percent in the second quarter of 2024.

“In the second quarter, TransUnion delivered strong results that again exceeded financial guidance,” said Chris Cartwright, President and CEO. “U.S. Markets revenue grew 10 percent, led by Financial Services and Insurance. International grew 6 percent on an organic constant currency basis, with India accelerating to 8 percent growth and Canada and Africa delivering double-digit growth.”

“We are raising our 2025 guidance, reflecting strong results in the first half of the year and ongoing business momentum, balanced against continuing market uncertainty. We now expect revenue growth of 6 to 7 percent.”

“After the last several years of investment, we are now focused on execution and value creation. Through our transformation, we now have more and better solutions than ever. We are already seeing the emerging benefits of our accelerated pace of innovation and believe we are well-positioned to drive a generation of industry-leading growth.”

Second Quarter 2025 Segment Results

Segment revenue and Adjusted EBITDA for the second quarter of 2025, which includes the revenue from Monevo in Consumer Interactive and United Kingdom and the corresponding Adjusted EBITDA in U.S. Markets and International, and the related growth rates compared with the second quarter of 2024 were as follows:

(in millions)	Second Quarter 2025		Reported Growth Rate		Constant Currency Growth Rate		Organic Constant Currency Growth Rate
U.S. Markets:
Financial Services	$	420	17	%	17	%	17	%
Emerging Verticals		324	5	%	5	%	5	%
Consumer Interactive		147	3	%	3	%	2	%
Total U.S. Markets Revenue	$	890	10	%	10	%	10	%

U.S. Markets Adjusted EBITDA	$	337	7	%	7	%	7	%

International:
Canada	$	42	9	%	10	%	10	%
Latin America		34	(1	)%	4	%	4	%
United Kingdom		67	19	%	13	%	5	%
Africa		18	15	%	14	%	14	%
India		67	5	%	8	%	8	%
Asia Pacific		24	(7	)%	(8	)%	(8	)%
Total International Revenue	$	253	7	%	7	%	6	%

International Adjusted EBITDA	$	108	7	%	8	%	8	%

Liquidity and Capital Resources

Cash and cash equivalents was $688 million at June 30, 2025 and $679 million at December 31, 2024.

For the six months ended June 30, 2025, cash provided by operating activities was $344 million, compared with $349 million in 2024. The decrease in cash provided by operating activities was primarily due to higher income tax payments, the timing of accounts receivable collections and higher bonus payouts, mostly offset by improved operating performance and lower interest expense in 2025 compared with 2024. For the six months ended June 30, 2025, cash used in investing activities was $224 million, compared with $127 million in 2024. The increase in cash used in investing activities was primarily due to our acquisition of Monevo, a current year investment in a note receivable and an increase in capital expenditures. For the six months ended June 30, 2025, capital expenditures were $145 million, compared with $131 million in 2024. Capital expenditures as a percent of revenue represented 7% and 6%, respectively, for the six months ended June 30, 2025 and 2024. For the six months ended June 30, 2025, cash used in financing activities was $127 million, compared with $150 million in 2024. Cash used in financing activities was lower primarily due to higher debt repayments in 2024, partially offset by stock buybacks in 2025.

Third Quarter and Full Year 2025 Outlook

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

	Three Months Ended September 30, 2025						Twelve Months Ended December 31, 2025
(in millions, except per share data)	Low			High			Low			High
Revenue, as reported	$	1,115		$	1,135		$	4,432		$	4,472
Revenue growth¹:
As reported		3	%		5	%		6	%		7	%
Constant currency^{1, 2}		3	%		5	%		6	%		7	%
Organic constant currency^{1, 3}		2	%		4	%		6	%		7	%

Net income attributable to TransUnion	$	78		$	87		$	412		$	432
Net income attributable to TransUnion growth		14	%		28	%		45	%		52	%
Net income attributable to TransUnion margin		7.0	%		7.7	%		9.3	%		9.7	%

Diluted Earnings per Share	$	0.39		$	0.44		$	2.07		$	2.18
Diluted Earnings per Share growth		13	%		27	%		43	%		51	%

Adjusted EBITDA, as reported⁵	$	397		$	411		$	1,580		$	1,610
Adjusted EBITDA growth, as reported⁴		1	%		4	%		5	%		7	%
Adjusted EBITDA margin		35.6	%		36.2	%		35.7	%		36.0	%

Adjusted Diluted Earnings per Share⁵	$	0.99		$	1.04		$	4.03		$	4.14
Adjusted Diluted Earnings per Share growth	(5		)%		—	%		3	%		6	%

Additional revenue growth assumptions:

The impact of changing exchange rates is expected to have less than 0.5 point of headwind for Q3 2025 and less than 0.5 point of headwind for FY 2025.
The impact of the recent acquisition is expected to have approximately 1 point of benefit for Q3 2025 and approximately 0.5 point of benefit for FY 2025.
The impact of mortgage is expected to be approximately 2 points of benefit for Q3 2025 and 2 points of benefit for FY 2025.
Constant currency growth rates assume foreign currency exchange rates are consistent between years. This allows financial results to be evaluated without the impact of fluctuations in foreign currency exchange rates.
Organic constant currency growth rates are constant currency growth excluding inorganic growth. Inorganic growth represents growth attributable to the first twelve months of activity for recent business acquisitions.

Additional Adjusted EBITDA assumptions:

The impact of changing foreign currency exchange rates is expected to have less than 0.5 point of headwind for Q3 2025 and less than 0.5 point of headwind for FY 2025.
For a reconciliation of the above non-GAAP financial measures to the most directly comparable GAAP financial measures, refer to Schedule 7 of this Earnings Release.

Earnings Webcast Details

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

About TransUnion (NYSE: TRU)

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

http://www.transunion.com/business

Availability of Information on TransUnion’s Website

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

Forward-Looking Statements

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

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

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

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

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

For More Information

TRANSUNION AND SUBSIDIARIES Consolidated Balance Sheets (Unaudited) (in millions, except per share data)

	June 30, 2025			December 31, 2024
Assets
Current assets:
Cash and cash equivalents	$	687.5		$	679.5
Trade accounts receivable, net of allowance of $27.4 and $19.9		895.9			798.9
Other current assets		322.3			323.4
Total current assets		1,905.7			1,801.8
Property, plant and equipment, net of accumulated depreciation and amortization of $536.4 and $506.3		228.5			203.5
Goodwill		5,256.7			5,144.3
Other intangibles, net of accumulated amortization of $2,522.2 and $2,294.5		3,238.7			3,257.5
Other assets		488.1			577.7
Total assets	$	11,117.7		$	10,984.8
Liabilities and stockholders’ equity
Current liabilities:
Trade accounts payable	$	345.1		$	294.6
Current portion of long-term debt		76.1			70.6
Other current liabilities		519.9			694.4
Total current liabilities		941.1			1,059.6
Long-term debt		5,060.4			5,076.6
Deferred taxes		370.7			415.3
Other liabilities		119.3			114.5
Total liabilities		6,491.5			6,666.0
Stockholders’ equity:
Preferred stock, $0.01 par value; 100.0 million shares authorized; none issued or outstanding as of June 30, 2025 and December 31, 2024, respectively		—			—
Common stock, $0.01 par value; 1.0 billion shares authorized at June 30, 2025 and December 31, 2024, 201.4 million and 201.5 million shares issued at June 30, 2025 and December 31, 2024, respectively, and 194.8 million and 194.9 million shares outstanding as of June 30, 2025 and December 31, 2024, respectively		2.0			2.0
Additional paid-in capital		2,600.7			2,558.9
Treasury stock at cost; 6.7 million and 6.6 million shares at June 30, 2025 and December 31, 2024, respectively		(342.0	)		(334.6	)
Retained earnings		2,571.1			2,357.9
Accumulated other comprehensive loss		(311.6	)		(367.2	)
Total TransUnion stockholders’ equity		4,520.2			4,217.0
Noncontrolling interests		106.0			101.8
Total stockholders’ equity		4,626.2			4,318.8
Total liabilities and stockholders’ equity	$	11,117.7		$	10,984.8

TRANSUNION AND SUBSIDIARIES Consolidated Statements of Operations (Unaudited) (in millions, except per share data)

	Three Months Ended June 30,						Six Months Ended June 30,
		2025			2024			2025			2024
Revenue	$	1,139.7		$	1,040.8		$	2,235.5		$	2,062.0
Operating expenses
Cost of services (exclusive of depreciation and amortization below)		469.9			406.7			915.5			813.0
Selling, general and administrative		335.0			310.8			591.8			616.4
Depreciation and amortization		142.7			132.9			281.6			266.9
Restructuring		—			8.1			—			26.3
Total operating expenses		947.5			858.4			1,788.9			1,722.4
Operating income		192.2			182.4			446.6			339.6
Non-operating income and (expense)
Interest expense		(55.7	)		(67.9	)		(111.8	)		(136.5	)
Interest income		8.8			6.7			17.3			12.1
Earnings from equity method investments		5.0			4.6			9.3			9.3
Other income and (expense), net		6.6			(5.1	)		(10.8	)		(20.8	)
Total non-operating income and (expense)		(35.4	)		(61.7	)		(96.0	)		(135.9	)
Income before income taxes		156.8			120.7			350.5			203.7
Provision for income taxes		(44.4	)		(31.0	)		(85.4	)		(44.1	)
Net income		112.4			89.7			265.1			159.7
Less: net income attributable to noncontrolling interests		(2.8	)		(4.7	)		(7.4	)		(9.5	)
Net income attributable to TransUnion	$	109.6		$	85.0		$	257.7		$	150.1

Basic earnings per common share from:
Net income attributable to TransUnion	$	0.56		$	0.44		$	1.32		$	0.77
Diluted earnings per common share from:
Net income attributable to TransUnion	$	0.56		$	0.44		$	1.31		$	0.77
Weighted-average shares outstanding:
Basic		195.0			194.2			195.0			194.2
Diluted		197.2			195.2			197.2			195.3

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

TRANSUNION AND SUBSIDIARIES Consolidated Statements of Cash Flows (Unaudited) (in millions)

	Six Months Ended June 30,
		2025			2024
Cash flows from operating activities:
Net income	$	265.1		$	159.7
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization		281.6			266.9
Loss on repayment of loans		—			2.6
Deferred taxes		(54.1	)		(63.6	)
Stock-based compensation		70.5			51.8
Other		29.1			19.5
Changes in assets and liabilities:
Trade accounts receivable		(98.4	)		(71.3	)
Other current and long-term assets		8.0			45.1
Trade accounts payable		37.1			53.7
Other current and long-term liabilities		(195.1	)		(115.2	)
Cash provided by operating activities		343.8			349.2
Cash flows from investing activities:
Capital expenditures		(145.4	)		(130.7	)
Proceeds from sale/maturities of other investments		0.2			—
Investments in consolidated affiliates, net of cash acquired		(55.7	)		—
Investments in nonconsolidated affiliates and notes receivable		(25.0	)		(4.4	)
Proceeds from the sale of investments in nonconsolidated affiliates		—			3.8
Other		2.2			4.8
Cash used in investing activities		(223.7	)		(126.5	)
Cash flows from financing activities:
Proceeds from term loans		—			934.9
Repayments of term loans		—			(927.9	)
Repayments of debt		(43.2	)		(99.4	)
Debt financing fees		—			(13.5	)
Dividends to shareholders		(45.1	)		(41.4	)
Proceeds from issuance of common stock		10.5			12.4
Employee taxes paid on restricted stock units recorded as treasury stock		(7.4	)		(11.4	)
Repurchase of common stock		(38.8	)		—
Distributions to noncontrolling interests		(3.3	)		(3.8	)
Cash used in financing activities		(127.3	)		(150.1	)
Effect of exchange rate changes on cash and cash equivalents		15.2			(5.6	)
Net change in cash and cash equivalents		8.0			67.0
Cash and cash equivalents, beginning of period		679.5			476.2
Cash and cash equivalents, end of period	$	687.5		$	543.2

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

TRANSUNION AND SUBSIDIARIES
Non-GAAP Financial Measures

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

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

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

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

Consolidated Adjusted EBITDA

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

Net interest expense is the sum of interest expense and interest income as reported on our Consolidated Statements of Operations.
Provision for income taxes, as reported on our Consolidated Statements of Operations.
Depreciation and amortization, as reported on our Consolidated Statements of Operations.
Stock-based compensation is used as an incentive to engage and retain our employees. It is predominantly a non-cash expense. We exclude stock-based compensation because it may not correlate to the underlying performance of our business operations during the period since it is measured at the grant date fair value and it is subject to variability as a result of performance conditions and timing of grants. These expenses are reported within cost of services and selling, general and administrative on our Consolidated Statements of Operations.
Operating model optimization program represents employee separation costs, facility lease exit costs and other business process optimization expenses incurred in connection with the transformation plan discussed further in “Results of Operations – Factors Affecting Our Results of Operations” in our Quarterly Report on Form 10-Q for the three months ended June 30, 2025. We exclude these expenses as we believe they are not directly correlated to the underlying performance of our business. Further, these costs will vary and may not be comparable during the transformation initiative as we progress toward an optimized operating model. These costs are reported primarily in restructuring and selling, general and administrative on our Consolidated Statements of Operations.
Accelerated technology investment includes Project Rise and the final phase of our technology investment announced in November 2023. Project Rise was announced in February 2020 and was originally expected to be completed in 2022. Following our acquisition of Neustar in December 2021, we recognized the opportunity to take advantage of Neustar’s capabilities to enhance and complement our cloud-based technology already under development as part of Project Rise. As a result, we extended Project Rise’s timeline to 2024 and increased the total estimated cost to approximately $240 million. In November 2023, we announced our plans to further leverage Neustar’s technology to standardize and streamline our product delivery platforms and to build a single global platform for fulfillment of our product lines. The additional investment is expected to be approximately $90 million during 2024 and 2025 and represents the final phase of the technology investment in our global technology infrastructure and core customer applications. We expect that the accelerated technology investment will fundamentally transform our technology infrastructure by implementing a global cloud-based approach to streamline product development, increase the efficiency of ongoing operations and maintenance and enable a continuous improvement approach to avoid the need for another major technology overhaul in the foreseeable future. The unique effort to build a secure, reliable and performant hybrid cloud infrastructure requires us to dedicate separate resources in order to develop the new cloud-based infrastructure in parallel with our current on-premise environment by maintaining our existing technology team to ensure no disruptions to our customers. The costs associated with the accelerated technology investment are incremental and redundant costs that will not recur after the program has been completed and are not representative of our underlying operating performance. Therefore, we believe that excluding these costs from our non-GAAP measures provides a better reflection of our ongoing cost structure. These costs are primarily reported in cost of services and therefore do not include amounts that are capitalized as internally developed software.
Mergers and acquisitions, divestitures and business optimization expenses are non-recurring expenses associated with specific transactions (exploratory or executed) and consist of (i) transaction and integration costs, (ii) post-acquisition adjustments to contingent consideration or to assets and liabilities that occurred after the acquisition measurement period, (iii) fair value and impairment adjustments related to investments and call and put options, including gains or losses on a step acquisition, (iv) transition services agreement income, and (v) a loss on disposal of a business. We exclude these expenses as we believe they are not directly correlated to the underlying performance of our business operations and vary depending upon the timing of such transactions. These expenses are reported in costs of services, selling, general and administrative and other income and (expenses), net, on our Consolidated Statements of Operations.
Net other adjustments principally relate to: (i) deferred loan fee expense from debt prepayments and refinancing, (ii) currency remeasurement on foreign operations, (iii) other debt financing expenses consisting primarily of revolving credit facility deferred financing fee amortization and commitment fees and expenses associated with ratings agencies and interest rate hedging, (iv) certain legal and regulatory expenses, net, and (v) other non-operating (income) expense. We exclude these expenses as we believe they are not directly correlated to the underlying performance of our business and create variability between periods based on the nature and timing of the expense or income. These costs are reported in selling, general and administrative and in non-operating income and expense, net as applicable based on their nature on our Consolidated Statements of Operations.

Consolidated Adjusted EBITDA Margin

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

Adjusted Net Income

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

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

Adjusted Diluted Earnings Per Share

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

Adjusted Provision for Income Taxes

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

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

Adjusted Effective Tax Rate

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

Leverage Ratio

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

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

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

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

SCHEDULE 1 TRANSUNION AND SUBSIDIARIES Revenue and Adjusted EBITDA growth rates as Reported, CC, and Organic CC (Unaudited)

	For the Three Months Ended June 30, 2025 compared with the Three Months Ended June 30, 2024								For the Six Months Ended June 30, 2025 compared with the Six Months Ended June 30, 2024
	Reported		CC Growth¹		Inorganic		Organic CC Growth²		Reported		CC Growth¹		Inorganic		Organic CC Growth²
Revenue:
Consolidated	9.5	%	9.5	%	0.7	%	8.9	%	8.4	%	8.8	%	0.3	%	8.5	%
U.S. Markets	10.0	%	10.0	%	0.3	%	9.8	%	9.3	%	9.3	%	0.1	%	9.2	%
Financial Services	17.1	%	17.1	%	—	%	17.1	%	15.9	%	15.9	%	—	%	15.9	%
Emerging Verticals	4.9	%	4.9	%	—	%	4.9	%	5.4	%	5.4	%	—	%	5.4	%
Consumer Interactive	3.3	%	3.3	%	1.5	%	1.8	%	1.3	%	1.3	%	0.7	%	0.5	%
International	7.4	%	7.4	%	2.0	%	5.5	%	4.9	%	6.7	%	1.0	%	5.7	%
Canada	9.0	%	10.5	%	—	%	10.5	%	4.8	%	8.7	%	—	%	8.7	%
Latin America	(1.0	)%	4.0	%	—	%	4.0	%	(0.8	)%	5.5	%	—	%	5.5	%
United Kingdom	18.7	%	12.6	%	8.4	%	4.6	%	13.8	%	11.0	%	4.3	%	7.0	%
Africa	15.0	%	13.7	%	—	%	13.7	%	13.5	%	11.7	%	—	%	11.7	%
India	4.8	%	7.6	%	—	%	7.6	%	0.5	%	4.0	%	—	%	4.0	%
Asia Pacific	(6.8	)%	(7.7	)%	—	%	(7.7	)%	—	%	—	%	—	%	—	%

Adjusted EBITDA:
Consolidated	8.1	%	8.3	%	—	%	8.3	%	9.4	%	10.2	%	—	%	10.2	%
U.S. Markets	6.8	%	6.8	%	—	%	6.8	%	9.4	%	9.4	%	—	%	9.4	%
International	7.2	%	8.0	%	—	%	7.9	%	4.9	%	7.6	%	—	%	7.6	%

Constant Currency (“CC”) growth rates assume foreign currency exchange rates are consistent between years. This allows financial results to be evaluated without the impact of fluctuations in foreign currency exchange rates.
Organic CC growth rate is the CC growth rate less the inorganic growth rate.

SCHEDULE 2 TRANSUNION AND SUBSIDIARIES Consolidated and Segment Revenue, Adjusted EBITDA, and Adjusted EBITDA Margin (Unaudited) (dollars in millions)

	Three Months Ended June 30,						Six Months Ended June 30,
		2025			2024			2025			2024
Revenue:
U.S. Markets gross revenue
Financial Services	$	419.9		$	358.7		$	823.5		$	710.4
Emerging Verticals		323.6			308.5			638.5			606.0
Consumer Interactive		146.9			142.1			285.1			281.5
U.S. Markets gross revenue	$	890.4		$	809.3		$	1,747.0		$	1,597.8

International gross revenue
Canada	$	42.3		$	38.8		$	80.1		$	76.5
Latin America		34.1			34.5			66.9			67.4
United Kingdom		67.2			56.6			126.1			110.8
Africa		18.2			15.8			35.1			30.9
India		66.6			63.5			135.3			134.6
Asia Pacific		24.5			26.2			51.5			51.5
International gross revenue	$	252.9		$	235.4		$	495.0		$	471.7

Total gross revenue	$	1,143.2		$	1,044.7		$	2,242.1		$	2,069.6

Intersegment revenue eliminations
U.S. Markets	$	(1.9	)	$	(2.4	)	$	(3.5	)	$	(4.7	)
International		(1.6	)		(1.5	)		(3.1	)		(3.0	)
Total intersegment revenue eliminations	$	(3.5	)	$	(3.9	)	$	(6.6	)	$	(7.6	)

Total revenue as reported	$	1,139.7		$	1,040.8		$	2,235.5		$	2,062.0

Adjusted EBITDA:
U.S. Markets	$	337.2		$	315.8		$	657.4		$	600.9
International		108.0			100.8			217.8			207.6
Corporate		(38.2	)		(40.0	)		(71.0	)		(73.8	)
Adjusted EBITDA Margin:¹
U.S. Markets		37.9	%		39.0	%		37.6	%		37.6	%
International		42.7	%		42.8	%		44.0	%		44.0	%

Segment Adjusted EBITDA Margins are calculated using segment gross revenue and segment Adjusted EBITDA. Consolidated Adjusted EBITDA Margin is calculated using total revenue as reported and consolidated Adjusted EBITDA.

	Three Months Ended June 30,						Six Months Ended June 30,
		2025			2024			2025			2024
Reconciliation of Net income attributable to TransUnion to consolidated Adjusted EBITDA:
Net income attributable to TransUnion	$	109.6		$	85.0		$	257.7		$	150.1
Net interest expense		47.0			61.2			94.5			124.4
Provision for income taxes		44.4			31.0			85.4			44.1
Depreciation and amortization		142.7			132.9			281.6			266.9
EBITDA	$	343.7		$	310.1		$	719.2		$	585.4
Adjustments to EBITDA:
Stock-based compensation		40.2			27.8			70.5			51.9
Mergers and acquisitions, divestitures and business optimization¹		(4.6	)		0.7			13.2			9.8
Accelerated technology investment²		23.2			18.2			43.3			36.8
Operating model optimization program³		5.4			14.6			15.2			39.1
Net other⁴		(0.8	)		5.2			(57.3	)		11.7
Total adjustments to EBITDA	$	63.3		$	66.5		$	85.0		$	149.3
Consolidated Adjusted EBITDA	$	407.0		$	376.6		$	804.1		$	734.7

Net income attributable to TransUnion margin		9.6	%		8.2	%		11.5	%		7.3	%
Consolidated Adjusted EBITDA margin⁵		35.7	%		36.2	%		36.0	%		35.6	%

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

Mergers and acquisitions, divestitures and business optimization consisted of the following adjustments:

	Three Months Ended June 30,						Six Months Ended June 30,
		2025			2024			2025		2024
Transaction and integration costs	$	2.9		$	1.2		$	8.2	$	3.4
Fair value and impairment adjustments		(7.6	)		0.7			5.0		0.8
Post-acquisition adjustments		—			(1.2	)		—		5.7
Total mergers and acquisitions, divestitures and business optimization	$	(4.6	)	$	0.7		$	13.2	$	9.8

Represents expenses associated with our accelerated technology investment to migrate to the cloud. There are three components of the accelerated technology investment: (i) building foundational capabilities, which includes establishing a modern, API-based and services-oriented software architecture, (ii) the migration of each application and customer data to the new enterprise platform, including the redundant software costs during the migration period, as well as the efforts to decommission the legacy system, and (iii) program enablement, which includes dedicated resources to support the planning and execution of the program. The amounts for each category of cost are as follows:

	Three Months Ended June 30,				Six Months Ended June 30,
		2025		2024		2025		2024
Foundational Capabilities	$	4.2	$	8.3	$	11.7	$	15.0
Migration Management		19.0		8.7		31.6		18.8
Program Enablement		—		1.2		—		2.9
Total accelerated technology investment	$	23.2	$	18.2	$	43.3	$	36.8

Operating model optimization consisted of the following adjustments:

	Three Months Ended June 30,				Six Months Ended June 30,
		2025		2024		2025		2024
Employee separation	$	—	$	7.9	$	—	$	24.6
Facility exit		—		0.2		—		1.7
Business process optimization		5.4		6.5		15.2		12.8
Total operating model optimization	$	5.4	$	14.6	$	15.2	$	39.1

Net other consisted of the following adjustments:

	Three Months Ended June 30,						Six Months Ended June 30,
		2025			2024			2025			2024
Deferred loan fee expense from debt prepayments and refinancing	$	—		$	6.0		$	(0.1	)	$	9.1
Other debt financing expenses		0.6			0.6			1.1			1.1
Currency remeasurement on foreign operations		(1.5	)		(1.3	)		(2.1	)		1.3
Legal and regulatory expenses, net		—			—			(56.0	)		—
Other non-operating (income) expense		0.2			(0.1	)		(0.1	)		0.2
Total other adjustments	$	(0.8	)	$	5.2		$	(57.3	)	$	11.7

Consolidated Adjusted EBITDA margin is calculated by dividing Consolidated Adjusted EBITDA by total revenue.

SCHEDULE 3 TRANSUNION AND SUBSIDIARIES Adjusted Net Income and Adjusted Diluted Earnings Per Share (Unaudited) (in millions, except per share data)

	Three Months Ended June 30,						Six Months Ended June 30,
		2025			2024			2025			2024
Income attributable to TransUnion	$	109.6		$	85.0		$	257.7		$	150.1

Weighted-average shares outstanding:
Basic		195.0			194.2			195.0			194.2
Diluted		197.2			195.2			197.2			195.3

Basic earnings per common share from:
Net income attributable to TransUnion	$	0.56		$	0.44		$	1.32		$	0.77
Diluted earnings per common share from:
Net income attributable to TransUnion	$	0.56		$	0.44		$	1.31		$	0.77

Reconciliation of Net income attributable to TransUnion to Adjusted Net Income:
Net income attributable to TransUnion	$	109.6		$	85.0		$	257.7		$	150.1
Adjustments before income tax items:
Amortization of certain intangible assets¹		73.1			71.3			143.9			143.3
Stock-based compensation		40.2			27.8			70.5			51.9
Mergers and acquisitions, divestitures and business optimization²		(4.6	)		0.7			13.2			9.8
Accelerated technology investment³		23.2			18.2			43.3			36.8
Operating model optimization program⁴		5.4			14.6			15.2			39.1
Net other⁵		(1.5	)		4.8			(58.2	)		10.7
Total adjustments before income tax items	$	135.6		$	137.4		$	227.9		$	291.6
Total adjustments for income taxes⁶		(32.1	)		(29.4	)		(64.8	)		(69.7	)
Adjusted Net Income	$	213.1		$	193.0		$	420.7		$	372.0

Weighted-average shares outstanding:
Basic		195.0			194.2			195.0			194.2
Diluted		197.2			195.2			197.2			195.3

Adjusted Earnings per Share:
Basic	$	1.09		$	0.99		$	2.16		$	1.92
Diluted	$	1.08		$	0.99		$	2.13		$	1.90

	Three Months Ended June 30,						Six Months Ended June 30,
		2025			2024			2025			2024
Reconciliation of Diluted earnings per share from Net income attributable to TransUnion to Adjusted Diluted Earnings per Share:
Diluted earnings per common share from:
Net income attributable to TransUnion	$	0.56		$	0.44		$	1.31		$	0.77
Adjustments before income tax items:
Amortization of certain intangible assets¹		0.37			0.37			0.73			0.73
Stock-based compensation		0.20			0.14			0.36			0.27
Mergers and acquisitions, divestitures and business optimization²		(0.02	)		—			0.07			0.05
Accelerated technology investment³		0.12			0.09			0.22			0.19
Operating model optimization program⁴		0.03			0.08			0.08			0.20
Net other⁵		(0.01	)		0.02			(0.30	)		0.05
Total adjustments before income tax items	$	0.69		$	0.70		$	1.16		$	1.49
Total adjustments for income taxes⁶		(0.16	)		(0.15	)		(0.33	)		(0.36	)
Adjusted Diluted Earnings per Share	$	1.08		$	0.99		$	2.13		$	1.90

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

	1.	Consists of amortization of intangible assets from our 2012 change-in-control transaction and amortization of intangible assets established in business acquisitions after our 2012 change-in-control transaction.
	2.	Mergers and acquisitions, divestitures and business optimization consisted of the following adjustments:

	Three Months Ended June 30,						Six Months Ended June 30,
		2025			2024			2025		2024
Transaction and integration costs	$	2.9		$	1.2		$	8.2	$	3.4
Fair value and impairment adjustments		(7.6	)		0.7			5.0		0.8
Post-acquisition adjustments		—			(1.2	)		—		5.7
Total mergers and acquisitions, divestitures and business optimization	$	(4.6	)	$	0.7		$	13.2	$	9.8

Represents expenses associated with our accelerated technology investment to migrate to the cloud. There are three components of the accelerated technology investment: (i) building foundational capabilities which includes establishing a modern, API-based and services-oriented software architecture, (ii) the migration of each application and customer data to the new enterprise platform, including the redundant software costs during the migration period, as well as the efforts to decommission the legacy system, and (iii) program enablement, which includes dedicated resources to support the planning and execution of the program. The amounts for each category of cost are as follows:

	Three Months Ended June 30,				Six Months Ended June 30,
		2025		2024		2025		2024
Foundational Capabilities	$	4.2	$	8.3	$	11.7	$	15.0
Migration Management		19.0		8.7		31.6		18.8
Program Enablement		—		1.2		—		2.9
Total accelerated technology investment	$	23.2	$	18.2	$	43.3	$	36.8

Operating model optimization consisted of the following adjustments:

	Three Months Ended June 30,				Six Months Ended June 30,
		2025		2024		2025		2024
Employee separation	$	—	$	7.9	$	—	$	24.6
Facility exit		—		0.2		—		1.7
Business process optimization		5.4		6.5		15.2		12.8
Total operating model optimization	$	5.4	$	14.6	$	15.2	$	39.1

Net other consisted of the following adjustments:

	Three Months Ended June 30,						Six Months Ended June 30,
		2025			2024			2025			2024
Deferred loan fee expense from debt prepayments and refinancing	$	—		$	6.0		$	(0.1	)	$	9.1
Currency remeasurement on foreign operations		(1.5	)		(1.3	)		(2.1	)		1.3
Legal and regulatory expenses, net		—			—			(56.0	)		—
Other non-operating (income) and expense		—			0.1			—			0.3
Total other adjustments	$	(1.5	)	$	4.8		$	(58.2	)	$	10.7

Total adjustments for income taxes represents the total of adjustments discussed to calculate the Adjusted Provision for Income Taxes.

SCHEDULE 4 TRANSUNION AND SUBSIDIARIES Adjusted Provision for Income Taxes and Adjusted Effective Tax Rate (Unaudited) (dollars in millions)

	Three Months Ended June 30,						Six Months Ended June 30,
		2025			2024			2025			2024
Income before income taxes	$	156.8		$	120.7		$	350.5		$	203.7
Total adjustments before income tax items from Schedule 3		135.6			137.4			227.9			291.6
Adjusted income before income taxes	$	292.4		$	258.1		$	578.5		$	495.3

Reconciliation of Provision for income taxes to Adjusted Provision for Income Taxes:
Provision for income taxes		(44.4	)		(31.0	)		(85.4	)		(44.1	)
Adjustments for income taxes:
Tax effect of above adjustments		(33.0	)		(31.7	)		(65.3	)		(66.7	)
Eliminate impact of excess tax expense for stock-based compensation		(0.2	)		(0.1	)		0.3			0.9
Other¹		1.1			2.5			0.2			(4.0	)
Total adjustments for income taxes	$	(32.1	)	$	(29.4	)	$	(64.8	)	$	(69.7	)
Adjusted Provision for Income Taxes	$	(76.5	)	$	(60.4	)	$	(150.3	)	$	(113.8	)

Effective tax rate		28.3	%		25.7	%		24.4	%		21.6	%
Adjusted Effective Tax Rate		26.2	%		23.4	%		26.0	%		23.0	%

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

Other adjustments for income taxes include:

	Three Months Ended June 30,						Six Months Ended June 30,
		2025			2024			2025			2024
Deferred tax adjustments	$	(2.9	)	$	—		$	(7.4	)	$	(5.2	)
Valuation allowance adjustments		(0.7	)		—			1.5			0.2
Return to provision, audit adjustments and reserves related to prior periods		3.9			3.3			4.9			2.3
Other adjustments		0.8			(0.8	)		1.2			(1.3	)
Total other adjustments	$	1.1		$	2.5		$	0.2		$	(4.0	)

SCHEDULE 5 TRANSUNION AND SUBSIDIARIES Leverage Ratio (Unaudited) (dollars in millions)

	Trailing Twelve Months Ended June 30, 2025
Reconciliation of Net income attributable to TransUnion to Consolidated Adjusted EBITDA:
Net income attributable to TransUnion	$	391.9
Net interest expense		206.8
Provision for income taxes		140.2
Depreciation and amortization		552.5
EBITDA	$	1,291.4
Adjustments to EBITDA:
Stock-based compensation	$	139.9
Mergers and acquisitions, divestitures and business optimization¹		29.9
Accelerated technology investment²		90.8
Operating model optimization program³		71.0
Net other⁴		(47.2	)
Total adjustments to EBITDA	$	284.3
Consolidated Adjusted EBITDA		1,575.7
Adjusted EBITDA for Pre-Acquisition Period⁵		1.7
Leverage Ratio Adjusted EBITDA	$	1,577.4

Total debt	$	5,136.5
Less: Cash and cash equivalents		687.5
Net Debt	$	4,449.0

Ratio of Net Debt to Net income attributable to TransUnion		11.4
Leverage Ratio		2.8

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

Mergers and acquisitions, divestitures and business optimization consisted of the following adjustments:

	Trailing Twelve Months Ended June 30, 2025
Transaction and integration costs	$	16.0
Fair value and impairment adjustments		12.6
Post-acquisition adjustments		1.3
Total mergers and acquisitions, divestitures and business optimization	$	29.9

Represents expenses associated with our accelerated technology investment to migrate to the cloud. There are three components of the accelerated technology investment: (i) building foundational capabilities which includes establishing a modern, API-based and services-oriented software architecture, (ii) the migration of each application and customer data to the new enterprise platform including the redundant software costs during the migration period, as well as the efforts to decommission the legacy system, and (iii) program enablement, which includes dedicated resources to support the planning and execution of the program. The amounts for each category of cost are as follows:

	Trailing Twelve Months Ended June 30, 2025
Foundational Capabilities	$	32.3
Migration Management		55.9
Program Enablement		2.5
Total accelerated technology investment	$	90.8

Operating model optimization consisted of the following adjustments:

	Trailing Twelve Months Ended June 30, 2025
Employee separation	$	—
Facility exit		40.5
Business process optimization		30.5
Total operating model optimization	$	71.0

Net other consisted of the following adjustments:

	Trailing Twelve Months Ended June 30, 2025
Deferred loan fee expense from debt prepayments and refinancings	$	8.6
Other debt financing expenses		2.3
Currency remeasurement on foreign operations		(1.3	)
Legal and regulatory expenses, net		(56.0	)
Other non-operating (income) and expense		(0.8	)
Total other adjustments	$	(47.2	)

The trailing twelve months ended June 30, 2025 includes the nine months of Adjusted EBITDA related to Monevo prior to our acquisition in April 2025.

SCHEDULE 6 TRANSUNION AND SUBSIDIARIES Segment Depreciation and Amortization (Unaudited) (in millions)

	Three Months Ended June 30,				Six Months Ended June 30,
		2025		2024		2025		2024

U.S. Markets	$	105.2	$	99.4	$	206.4	$	200.1
International		36.6		32.5		73.2		64.7
Corporate		0.9		1.0		2.0		2.0
Total depreciation and amortization	$	142.7	$	132.9	$	281.6	$	266.9

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

SCHEDULE 7 TRANSUNION AND SUBSIDIARIES Reconciliation of Non-GAAP Guidance (Unaudited) (in millions, except per share data)

	Three Months Ended September 30, 2025						Twelve Months Ended December 31, 2025
	Low			High			Low			High
Guidance reconciliation of Net income attributable to TransUnion to Adjusted EBITDA:
Net income attributable to TransUnion	$	78		$	87		$	412		$	432
Interest, taxes and depreciation and amortization		235			239			931			940
EBITDA	$	312		$	326		$	1,342		$	1,372
Stock-based compensation, mergers, acquisitions divestitures and business optimization-related expenses and other adjustments¹		85			85			238			238
Adjusted EBITDA	$	397		$	411		$	1,580		$	1,610

Net income attributable to TransUnion margin		7.0	%		7.7	%		9.3	%		9.7	%
Consolidated Adjusted EBITDA margin²		35.6	%		36.2	%		35.7	%		36.0	%

Guidance reconciliation of Diluted earnings per share to Adjusted Diluted Earnings per Share:
Diluted earnings per share	$	0.39		$	0.44		$	2.07		$	2.18
Adjustments to diluted earnings per share¹		0.60			0.60			1.96			1.96
Adjusted Diluted Earnings per Share	$	0.99		$	1.04		$	4.03		$	4.14

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

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

The MIL Network –

July 24, 2025

MIL-OSI: SALTGATOR Debuts Desktop Soft-Gel Injection Machine on Kickstarter — A Game-Changer for Makers

Source: GlobeNewswire (MIL-OSI)

DICKINSON, Texas, July 24, 2025 (GLOBE NEWSWIRE) — SALTGATOR Tech Inc., an Dickinson-based startup dedicated to accessible fabrication tools, is proud to announce the launch of its Kickstarter campaign for the SALTGATOR — the world’s first desktop soft-gel injection molding machine. Compact, safe, and remarkably versatile, SALTGATOR puts industrial-grade molding capabilities into the hands of everyday creators.

Designed for desktops, workshops, or classrooms, the SALTGATOR measures just 13×6×5.5 inches and supports precise heating up to 410°F (210°C). Fully enclosed and insulated, it safely processes up to 4 fl oz of softgel material, enabling users to create custom items like dual-tone fishing lures, silicone grips, cosplay props, keyboard caps, and squishy toys — all within minutes.

“We believe manufacturing tools belong on every creator’s desk,” said a SALTGATOR spokesperson. “Our goal is to empower the next generation of inventors with professional molding capabilities — without the cost, complexity, or hazards of traditional industrial equipment.”

Key Benefits:
– Compact and Powerful – Industrial-level injection molding in a desktop-sized device
– Multi-Material Support – Compatible with thermoplastic elastomers and 3D-printed molds (PLA, PETG, resin)
– Eco-Friendly & Reusable – Remelt and reuse materials to reduce waste and cost
– No Hidden Costs – No subscriptions, no proprietary cartridges — just refill and go
– Beginner-Friendly Interface – Simple control panel, auto shut-off, and fume-free operation for total peace of mind

Kickstarter Details
The SALTGATOR Kickstarter campaign offers early-bird specials starting at $249, a full $150 discount from the projected $399 retail price. Reward tiers include starter mold sets, custom color options, and extended warranties. Shipping is expected 1 months after campaign completion.

Backers can explore hands-on video demos, real-world use cases, and expert reviews on the campaign page, showcasing how SALTGATOR bridges the gap between creative ideas and real, tangible products. Whether you’re an educator, DIY enthusiast, or small-batch producer, SALTGATOR makes desktop-scale molding more approachable than ever before.

“As more creators demand agile, on-demand fabrication solutions, SALTGATOR brings those capabilities home,” added the spokesperson. “We’re here to unlock creativity with tools that are powerful, safe, and surprisingly fun to use.”

About SALTGATOR Tech Inc.
Founded in 2025 in Dickinson, Texas, SALTGATOR Tech Inc. develops compact, efficient, and user-friendly fabrication tools for innovators of all levels. With a focus on safety, simplicity, and creativity, SALTGATOR’s mission is to make advanced production technologies — like soft-gel injection molding — accessible to makers, educators, and entrepreneurs around the world.

For media inquiries and sample requests:
SALTGATOR Tech Inc. Press Office

https://www.SALTGATOR.com

https://discord.com/invite/93EydfRVUD

https://www.kickstarter.com/projects/1613155563/saltgator-the-1st-desktop-softgel-injection-molding-machine?ref=7c79id

Email: hello@saltgator.com

Disclaimer: This content is provided by SALTGATOR Tech Inc.. The statements, views, and opinions expressed in this column are solely those of the content provider. The information shared in this press release is not a solicitation for investment, nor is it intended as investment, financial, or trading advice. It is strongly recommended that you conduct thorough research and consult with a professional financial advisor before making any investment or trading decisions. Please conduct your own research and invest at your own risk.

Photos accompanying this announcement are available at:

https://www.globenewswire.com/NewsRoom/AttachmentNg/23c3bfca-ea72-4a57-a061-6966b5ca0bdb

https://www.globenewswire.com/NewsRoom/AttachmentNg/c83b5167-eaa7-46c1-8881-6640aeb2d939

https://www.globenewswire.com/NewsRoom/AttachmentNg/5b7577e2-d171-441f-9c06-912ed41dfafb

The MIL Network –

July 24, 2025
MIL-OSI: Bitget’s July Proof-of-Reserves Report Shows 45% Increase in User Holdings for Bitcoin (BTC)

Source: GlobeNewswire (MIL-OSI)

VICTORIA, Seychelles, July 24, 2025 (GLOBE NEWSWIRE) — Bitget, the world’s leading cryptocurrency exchange and Web3 company, has released its latest Proof-of-Reserves (PoR) data reveals a sharp increase in user-held Bitcoin, with BTC balances surging over 45% month-on-month in July. This marks the strongest growth across all major assets tracked on the platform.

According to the PoR public figures published, BTC held by users grew from 6,594 BTC in June to 9,531 BTC in July. USDT holdings also experienced a notable increase of 21%, climbing from approximately 1.61 billion to nearly 1.95 billion. ETH balances rose by 31% month-on-month, from 148,754 ETH to 195,466 ETH, while USDC holdings grew by 14%.

The substantial surge in user asset holdings follows ongoing efforts across the industry to promote transparent reserve practices. Bitget continues to publish real-time reserve data via Merkle Tree infrastructure and open-source verification tools. As of July 23, the platform maintains a reserve ratio of over 200% across major assets, double the industry benchmark of 100%.

“This increase in on-platform user assets, especially Bitcoin, shows a bit of the broader trend in user behavior, where traders and institutions increasingly may favor exchanges that allow independent asset verification,” said Gracy Chen, CEO at Bitget. “Our priority will always be to keep maintaining Bitget as one of the largest most secure platforms for crypto trading,” she added.

The POR growth in July also corresponds with improved market sentiment and heightened institutional interest in digital assets, particularly following the recent price stabilization of Bitcoin above the $110,000 threshold.

Bitget’s PoR methodology includes monthly snapshots and daily updates of asset balances, matched against liabilities through publicly auditable cryptographic proofs. The platform’s reserve transparency continues to be a key differentiator as global regulators intensify demands for accountability from centralized exchanges.

For July, all reserve figures exceed the 100% mark across BTC, ETH, USDT, and USDC, and the exchange remains one of the few top-tier platforms to continuously publish real-time snapshots for user review. This consistent transparency is increasingly valued by both retail and institutional users seeking safeguards against mismanagement or opaque balance sheet practices.

To know more about Proof of Reserves, please visit here.

About Bitget

Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 120 million users in 150+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions, while offering real-time access to Bitcoin price, Ethereum price, and other cryptocurrency prices. Formerly known as BitKeep, Bitget Wallet is a leading non-custodial crypto wallet supporting 130+ blockchains and millions of tokens. It offers multi-chain trading, staking, payments, and direct access to 20,000+ DApps, with advanced swaps and market insights built into a single platform.

Bitget is driving crypto adoption through strategic partnerships, such as its role as the Official Crypto Partner of the World’s Top Football League, LALIGA, in EASTERN, SEA and LATAM markets, as well as a global partner of Turkish National athletes Buse Tosun Çavuşoğlu (Wrestling world champion), Samet Gümüş (Boxing gold medalist) and İlkin Aydın (Volleyball national team), to inspire the global community to embrace the future of cryptocurrency.

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

For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet

For media inquiries, please contact: media@bitget.com

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

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/ab79b77e-18ca-440d-b88b-dd1a69aec32e

The MIL Network –

July 24, 2025
MIL-OSI: MEXC Research: Every Second Gen Z Trader Now Relies on AI for Crypto Trading Decisions
Source: GlobeNewswire (MIL-OSI)

VICTORIA, Seychelles, July 24, 2025 (GLOBE NEWSWIRE) — MEXC, a leading global cryptocurrency exchange, has released a new behavioral intelligence report showing a dramatic generational shift in crypto trading patterns. Based on in-platform analytics of over 780,000 Gen Z users (aged 18–27), the report finds that two-thirds of this cohort either currently rely on or are willing to adopt AI-powered tools as part of their trading strategies.

The MEXC data reveals a clear generational divide in how traders interact with technology, manage risk, and emotionally navigate volatile markets. With 67% of Gen Z users activating at least one AI bot or strategy in the last 90 days, the report underscores a shift toward automation, emotional regulation, and strategic delegation in crypto investing.

Key Takeaways:
- 67% of Gen Z users activated at least one AI-powered trading bot within Q2 2025.
- 22.1% of Gen Z traders engage regularly (4+ interactions/month) with AI tools or rule-based strategies.
- Gen Z accounts for 60% of all AI bot activations on MEXC.
- Gen Z uses AI trading tools 11.4 days/month, more than double the engagement of users over 30.
- Gen Z users are 2.4x more likely to use AI-generated signals than traditional technical indicators.
These trends intensify during periods of market uncertainty. Usage patterns reveal a deliberate strategy: 73% of Gen Z users activate bots during volatility spikes, but consciously disable them during stagnant or low-volume periods, signaling intentional, rather than passive, AI deployment.

Psychological Insights: Trust in AI, Control Through Delegation

MEXC’s data shows that Gen Z’s affinity for AI reflects more than convenience — it’s part of a broader behavioral adaptation. Bots function as emotional anchors, reducing panic sell-offs by 47% compared to manual traders during high-stress market events.

Gen Z configures automated strategies with clear parameters, then steps back. This “structured delegation” helps them manage cognitive overload and avoid impulsive decisions. The report cites parallel trends in workplace behavior: according to a May 2025 study by Resume.org, over 50% of Gen Z workers consider ChatGPT a co-worker or even a “friend.”

AI as Risk Management

The latest metrics also suggest that, beyond automation — the primary advantage of using AI tools — Gen Z traders are increasingly recognizing their value in risk management. Specifically, MEXC’s research highlights several behavioral patterns among Gen Z users who adopt AI:
- 1.9x less likely to reactively trade in the first 3 minutes of market events — the most emotionally vulnerable window.
- 2.4x more likely to implement stop-loss and take-profit rules.
- 58% of all Gen Z AI trading activity occurred during spikes in MEXC’s internal volatility index.
These observations suggest a semi-automated, discipline-enforcing approach, where AI serves as a protective layer against emotional volatility.

Gen Z vs. Millennials in AI Trading

MEXC’s cross-age analysis reveals a stark behavioral divergence. While Millennials prefer thesis-driven, chart-heavy strategies, Gen Z treats trading as an interactive, fast-paced environment — mirroring their behaviors on platforms like TikTok and Discord. This generation prefers modular, customizable tools that match their fragmented attention spans and emotional bandwidth.

The Road Ahead: AI Becomes the Interface

According to MEXC’s forecast, AI is on track to evolve from a feature into the foundation of trading platforms. By 2028, more than 80% of Gen Z traders are projected to rely on AI for full-cycle portfolio management, including dynamic asset rebalancing, cross-chain yield strategies, tax automation, and risk-tiered exposure allocation.

This evolution parallels a broader market trend: the global AI trading platform industry is projected to grow at a CAGR of over 20%, reaching $69.96 billion by 2034.

Yet, the report also warns of the risks of overreliance. AI systems are only as sound as the data and assumptions they’re built on. Black swan events, algorithmic bias, or opaque models can undermine trust and performance. MEXC emphasizes the need for transparent, auditable AI frameworks and user education to ensure safe adoption.

The full report is available at the link.

About MEXC

Founded in 2018, MEXC is committed to being “Your Easiest Way to Crypto”. Serving over 40 million users across 170+ countries, MEXC is known for its broad selection of trending tokens, frequent airdrop opportunities, and low trading fees. Our user-friendly platform is designed to support both new traders and experienced investors, offering secure and efficient access to digital assets. MEXC prioritizes simplicity and innovation, making crypto trading more accessible and rewarding.

For more information, visit: MEXC Website｜X｜Telegram｜How to Sign Up on MEXC

Photos accompanying this announcement are available at:

https://www.globenewswire.com/NewsRoom/AttachmentNg/c881191b-eb34-40af-b7d3-08913eacdd83

https://www.globenewswire.com/NewsRoom/AttachmentNg/32fd0af1-1c82-4276-9f2a-75670304e4ba

The MIL Network –
July 24, 2025
MIL-OSI: Beam Global Reports 21% ESS Revenue Growth and $2M Order from Major Customer

Source: GlobeNewswire (MIL-OSI)

SAN DIEGO, July 24, 2025 (GLOBE NEWSWIRE) — Beam Global, (Nasdaq: BEEM), a leading provider of innovative and sustainable infrastructure solutions for the electrification of transportation and energy security, today announced a 21% increase in energy storage solutions (ESS) revenue in the first half of 2025 vs. 2024. Additionally, a purchase order was received from one of its largest ESS customers, for approximately $2 million, scheduled to be recognized as revenue by the end of 2025. The surge reflects Beam Global’s growing role as a trusted ESS supplier for mission-critical energy storage applications and the Company views repeat customers purchasing in increasing volumes as a strong validation of the reliability of its products.

Beam Global’s ESS business is experiencing material growth, driven by repeat orders from existing customers and the addition of three major new clients, including a Fortune 500 automotive company. The Company believes this continued momentum reflects both the strong loyalty of its current customer base and growing global demand for scalable and safe ESS solutions. Beam’s bespoke designs, superior safety and smart battery management system (BMS) continue to differentiate the Company from its peers.

“Our efforts to diversify our revenue opportunities continue to pay off,” said Desmond Wheatley, CEO of Beam Global. “Our energy storage group provides the expertise and bespoke products that we need to continue to make Beam Global products better and less expensive to produce. Simultaneously, we are growing external sales of this expertise and these products. These activities, along with our growth into Europe and now the Middle East, as well as our expanded product portfolio, are positioning us for diverse revenue and profit generation. The electrification of transportation will continue to be a global growth engine for many years to come but Beam Global is about much more than that with our energy security and storage business and our increasing presence in smart cities infrastructure. Each of these businesses support each other and offer opportunities for cross selling. Our long-term growth strategy is working.”

Beam AllCell™ energy storage solutions use patented PCC™ technology that enables more power in a smaller, lighter battery. The advanced thermal management capabilities of PCC™ technology also mitigate thermal runaway propagation, delivering superior safety and the ability to operate efficiently in hot and cold environments. The ESS market is projected to grow from $7.8 billion in 2024 to $25.6 billion in 2029, representing a compound annual growth rate (CAGR) of 26.9%.

About Beam Global
Beam Global is a clean technology innovator which develops and manufactures sustainable infrastructure products and technologies. We operate at the nexus of clean energy and transportation with a focus on sustainable energy infrastructure, rapidly deployed and scalable EV charging solutions, safe energy storage and vital energy security. With operations in the U.S., Europe and the Middle East, Beam Global develops, patents, designs, engineers and manufactures unique and advanced clean technology solutions that power transportation, provide secure sources of electricity, save time and money and protect the environment. Beam Global is headquartered in San Diego, CA with facilities in Broadview, IL and Belgrade and Kraljevo, Serbia. Beam Global is listed on Nasdaq under the symbol BEEM. For more information visit, BeamForAll.com, LinkedIn, YouTube, Instagram and X.

Forward-Looking Statements
This Beam Global Press Release may contain forward-looking statements. All statements in this Press Release other than statements of historical facts are forward-looking statements. Forward-looking statements are generally accompanied by terms or phrases such as “estimate,” “project,” “predict,” “believe,” “expect,” “anticipate,” “target,” “plan,” “intend,” “seek,” “goal,” “will,” “should,” “may,” or other words and similar expressions that convey the uncertainty of future events or results. These statements relate to future events or future results of operations. These statements are only predictions and involve known and unknown risks, uncertainties and other factors, which may cause Beam Global’s actual results to be materially different from these forward-looking statements. Except to the extent required by law, Beam Global expressly disclaims any obligation to update any forward-looking statements.

Media Contact
Lisa Potok
+1 858-327-9123
Press@BeamForAll.com

Investor Relations
Luke Higgins
+1 858-261-7646
IR@BeamForAll.com

The MIL Network –

July 24, 2025
MIL-OSI Europe: Briefing – Developing countries’ vulnerabilities to the changes of US foreign aid policy under the second Trump administration – 24-07-2025

Source: European Parliament

The dismantling of the US Agency for International Development (USAID) by the second Trump administration in 2025 marked a significant shift in US foreign policy. US national interests were prioritised over multilateral development and humanitarian aid, with the decision described by the Trump administration as an alignment of aid with US values. The European Union (EU) and its Member States cannot fully offset these cuts, which will most dramatically affect funding for global health, food security and crisis response. In the past, US and EU approaches to aid targeted different ends: while the EU has focused on sustainable development and peace building, the US emphasised crisis-driven aid. Potential consequences of the US cuts include increased migration, disease proliferation and geopolitical shifts, as China and Russia expand their influence.

MIL OSI Europe News –

July 24, 2025
Israel studies Hamas reply to Gaza ceasefire plan as fighting continues

Source: Government of India

Source: Government of India (4)

Israel is reviewing a revised response from Hamas to a proposed ceasefire and hostage release deal, Prime Minister Benjamin Netanyahu’s office said on Thursday, as Israeli air and ground strikes continued to pound the Gaza Strip.

Hamas confirmed it had handed over a new proposal, but did not disclose its contents. A previous version, submitted late on Tuesday, was rejected by mediators as insufficient and was not even passed to Israel, sources familiar with the situation said.

Both sides are facing huge pressure at home and abroad to reach a deal, with the humanitarian conditions inside Gaza deteriorating sharply amidst widespread, acute hunger in the Palestinian enclave that has shocked the world.

A senior Israeli official was quoted by local media as saying the new text was something Israel could work with. However, Israel’s Channel 12 said a rapid deal was not within reach, with gaps remaining between the two sides, including over where the Israeli military should withdraw to during any truce.

A Palestinian official close to the talks told Reuters the latest Hamas position was “flexible, positive and took into consideration the growing suffering in Gaza and the need to stop the starvation”.

Dozens of people have starved to death in Gaza the last few weeks as a wave of hunger crashes on the Palestinian enclave, according to local health authorities. The World Health Organization said on Wednesday 21 children under the age of five were among those who died of malnutrition so far this year.

Israel, which cut off all supplies to Gaza from the start of March and reopened it with new restrictions in May, says it is committed to allowing in aid but must control it to prevent it from being diverted by militants.

It says it has let in enough food for Gaza’s 2.2 million people over the course of the war, and blames the United Nations for being slow to deliver it; the U.N. says it is operating as effectively as possible under conditions imposed by Israel.

AIRSTRIKES

The war between Israel and Hamas has been raging for nearly two years since Hamas killed some 1,200 people and took 251 hostages from southern Israel in the deadliest single attack in Israel’s history.

Israel has since killed nearly 60,000 Palestinians in Gaza, decimated Hamas as a military force, reduced most of the territory to ruins and forced nearly the entire population to flee their homes multiple times.

Israeli forces on Thursday hit the central Gaza towns of Nuseirat, Deir Al-Balah and Bureij.

Health officials at Al-Awda Hospital said three people were killed in an airstrike on a house in Nuseirat, three more died from tank shelling in Deir Al-Balah, and separate airstrikes in Bureij killed a man and a woman and wounded several others.

Nasser hospital said three people were killed by Israeli gunfire while seeking aid in southern Gaza near the so-called Morag axis between Khan Younis and Rafah. The Israeli military said Palestinian militants had fired a projectile overnight from Khan Younis toward an aid distribution site near Morag. It was not immediately clear whether the incidents were linked.

Washington has been pushing the warring sides towards a deal for a 60-day ceasefire that would free some of the remaining 50 hostages held in Gaza in return for prisoners jailed in Israel, and allow in aid.

U.S. Middle East peace envoy Steve Witkoff travelled to Europe this week for meetings on the Gaza war and a range of other issues.

An Israeli official said Strategic Affairs Minister Ron Dermer would meet Witkoff on Friday if the gaps between Israel and Hamas over the terms of a ceasefire had narrowed sufficiently.

Hamas is facing growing domestic pressure amid deepening humanitarian hardship in Gaza and continued Israeli advances.

Mediators say the group is seeking a withdrawal of Israeli troops to positions held before March 2, when Israel ended a previous ceasefire, and the delivery of aid under U.N. supervision.

That would exclude a newly formed U.S.-based group, the Gaza Humanitarian Fund, which began handing out food in May at sites located near Israeli troops who have shot dead hundreds of Palestinians trying to get aid.

(Reuters)

July 24, 2025
MIL-OSI Russia: Chinese Premier Li Qiang to Attend World Conference on Artificial Intelligence and Conference on Global AI Governance

Translation. Region: Russian Federal

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

An important disclaimer is at the bottom of this article.

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

BEIJING, July 24 (Xinhua) — Chinese Premier Li Qiang will attend and deliver a speech at the opening ceremony of the 2025 World Conference on Artificial Intelligence and the High-Level Conference on Global Governance of Artificial Intelligence in Shanghai on July 26, a Chinese Foreign Ministry spokesperson announced Thursday. -0-

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

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MIL OSI Russia News –

July 24, 2025
MIL-OSI United Nations: 24 July 2025 News release Timor-Leste certified malaria-free by WHO

Source: World Health Organisation

The World Health Organization (WHO) has certified Timor-Leste as malaria-free, a remarkable achievement for a country that prioritized the disease and embarked on a concerted, nation-wide response shortly after gaining independence in 2002.

“WHO congratulates the people and government of Timor-Leste on this significant milestone,” said Dr Tedros Adhanom Ghebreyesus, WHO Director-General. “Timor-Leste’s success proves that malaria can be stopped in its tracks when strong political will, smart interventions, sustained domestic and external investment and dedicated health workers unite.”

With today’s announcement, a total of 47 countries and 1 territory have been certified as malaria-free by WHO. Timor-Leste is the third country to be certified in the WHO South-East Asia region, joining Maldives and Sri Lanka which were certified in 2015 and 2016 respectively.

Certification of malaria elimination is granted by WHO when a country has proven, beyond reasonable doubt, that the chain of indigenous transmission has been interrupted nationwide for at least the previous three consecutive years.

“We did it. Malaria has been one of our most relentless enemies – silent, persistent, and deadly. We lost too many lives to a disease that should be preventable. But our health workers never gave up, our communities held strong, and our partners, like WHO, walked beside us. From 223 000 cases to zero – this elimination honours every life lost and every life now saved. We must safeguard this victory with continued vigilance and community action to prevent malaria’s re-entry,” said Dr Élia António de Araújo dos Reis Amaral, SH, Minister of Health, Government of Timor-Leste.

A rapid shift from high burden country to malaria-free

Since gaining independence in 2002, Timor-Leste has made remarkable strides in the fight against malaria – reducing cases from a peak of more than 223 000 clinically diagnosed cases in 2006 to zero indigenous cases from 2021 onwards.

Timor-Leste’s success in eliminating malaria was driven by the Ministry of Health’s swift action in 2003 to establish the National Malaria Programme, a dedicated programme for planning, implementing, and monitoring malaria control efforts nationwide. With only two full-time officers initially, the programme was able to lay the foundation for progress early on through strong technical leadership, managerial capacity and attention to detail.

Within a few years, the country introduced rapid diagnostic tests and artemisinin-based combination therapy as part of the National Malaria Treatment Guidelines and began distributing free long-lasting insecticide treated nets to communities most at risk.

In 2009, with support from the Global Fund to Fight AIDS, Tuberculosis and Malaria, Timor-Leste scaled up nationwide vector control efforts through the distribution of long-lasting insecticide-treated nets and indoor residual spraying. Malaria diagnosis was also expanded using microscopy and rapid diagnostic tests at the point of care across all local health posts.

Facing the challenges of severe shortages of health workers and doctors, Timor-Leste made investments and developed its three-tier health system – comprising national hospitals, reference hospitals, community health centers (CHCs), and health posts – to ensure most residents can access care within an hour’s walk. Additionally, citizens are provided with free health services at the point of care, as part of the government’s policy on free universal health care. Monthly mobile clinics and community outreach programmes further enhance health services in rural areas.

Timor-Leste’s success in combating malaria highlights the importance of country leadership and strong collaboration between the Ministry of Health, WHO, local communities, non-governmental organizations, donors, and multiple government sectors. A real-time integrated case-based surveillance system ensures rapid data collection and response, while trained health workers ensure timely detection and screening of malaria cases, including at borders. These integrated efforts have paved the way for the country to be officially certified malaria-free.

“Timor-Leste’s malaria-free certification is a defining national triumph – driven by bold leadership, tireless efforts of health workers, and the resolve of its people. As a young nation, Timor-Leste stayed focused – testing, treating, and investigating swiftly. Ending transmission and maintaining zero deaths takes more than science; it takes grit. This victory protects generations, present and future, and shows what a determined country can achieve,” said Dr Arvind Mathur, WHO Representative to Timor-Leste.

Note to the editor

WHO malaria-free certification
The final decision on awarding a malaria-free certification is made by the WHO Director-General, based on a recommendation by the Technical Advisory Group on Malaria Elimination and Certification and validation from the Malaria Policy Advisory Group. More on WHO’s malaria-free certification process.

MIL OSI United Nations News –

July 24, 2025
MIL-OSI Russia: New Horizons of Solutions: From Theory to Practice of Risk Management

Translation. Region: Russian Federal

Source: Peter the Great St. Petersburg Polytechnic University –

An important disclaimer is at the bottom of this article.

The Polytechnic University solemnly awarded the winners and prize-winners of the All-Russian student case championship “Risk Management: New Horizons for Solutions”. The organizers are the Higher School of Industrial Management of the Institute of Industrial Management, Economics and Trade and the consulting company “Trust Technologies”.

Joint-Stock Company “Trust Technologies” provides audit and consulting services to corporate clients in various sectors of the economy. According to the RAEX rating agency, in 2025 the company entered the top five largest Russian participants in the audit and consulting services market.

The case championship was attended by 56 students from St. Petersburg, Moscow, Yekaterinburg, Voronezh and Tambov. As part of 15 teams, the students solved cases dedicated to risk management issues related to an unstable external environment, technological risks, digitalization and sustainable development. The participants presented projects combining digital technologies, risk management methods and models, as well as forecasting tools in an uncertain environment.

“The ability to manage risks in modern conditions is a critically important competency for any business. The level of the presented student projects, their depth of development and practical orientation are pleasing. Cooperation with the company “Trust Technologies”, a strong partner occupying a leading position in the audit and consulting services market, is very important for us. This creates a unique environment for cultivating young and in-demand specialists in the labor market, ready to get involved in solving real business problems of Russian companies,” said Olga Kalinina, Director of the Higher School of Industrial Management, at the opening of the final.

The teams defended their solutions before an expert jury, which included representatives of the Trust Technologies company: Svetlana Kuzmenkova, Senior Manager of the Non-Financial Risk Group, Viktor Kosmachev, Senior Consultant of the Systemic Changes and Business Development Practice, Evgeniya Filyanina, Consultant of the Non-Financial Risk Group, as well as Associate Professors of the Higher School of Industrial Management of the IPMEiT Anna Timofeeva, Evgeny Makarenko and Elena Kiseleva.

The best project solution was presented by the AllRisks team, which became the absolute winner of the championship. The team included Artem Rudenko (SPbGEU), Mikhail Borovkov (ITMO), Elizaveta Egorova and Polina Ivanova (SPbPU).

The first place winner was the PonITech SPbPU team: Diana Yakimenko, Maria Belova, Maria Platonova and Vitaly Trofimov.

The second place was taken by the Ratio team from the Peoples’ Friendship University of Russia named after Patrice Lumumba: Daria Dreval, Larisa Ordina, Elizaveta Kostyaeva and Veronika Vatrukhina.

The third place went to the “Risk Hunters” – Valentina Fedorova, Anastasia Rusakova, Arina Katrina, Egor Bogdanov and Liana Pogosyan from SPbSUT.

“We set a difficult task for the participants: to develop risk management solutions that not only take into account modern challenges, but also integrate digital tools for forecasting and management in conditions of uncertainty. As a result of the defenses, we saw non-standard approaches, a strong analytical background and a willingness to offer specific mechanisms that can be applied in practice. We are confident that for many students this championship will become a springboard to a successful career in business,” commented Evgeniya Filyanina, consultant of the non-financial risks group.

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

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MIL OSI Russia News –

July 24, 2025
MIL-OSI United Kingdom: Milestone for city’s Dementia Hub

Source: City of Coventry

Coventry’s pioneering Dementia Hub celebrated its second anniversary this week.

The occasion was marked by a small celebration event which was attended by residents and partners from across the city. Attendees had the opportunity to hear from some of the people behind the Hub’s success and to reflect on its future.

Since opening in July 2023, the Coventry Dementia Partnership Hub has become a pillar of adult social care services in the city. Every year, the hub and its staff help around 4,000 people access essential support and guidance.

Beyond that support, the Coventry Dementia Partnership Hub also offers a safe, caring space for those living with Dementia where they can meet other people and take part in fun activities such as singing and dancing.

The hub involves a number of partners working together, including Admiral Nurses, Age UK, the Alzheimer’s Society, Carers’ Trust, Lions Club of Coventry Godiva, the Council, the Coventry Police Partnership Team, Dementia Champions, and more.

Speaking at the event Cllr Linda Bigham, Cabinet Member for Adult Social Care, reflected on the importance of the hub to the city.

She said: “Dementia is a lonely, isolating illness which impacts thousands of people across Coventry. That’s why we launched the hub, we wanted a place for people to come together, make friends and get the support they need.

“It’s so heart-warming to visit the building and hear first-hand the impact it’s been having on residents and their carers.

“None of this would be possible without our partners and staff. Without them this would just be a building but because of their commitment it’s a sanctuary for so many people.”

Stuart Jennings, Honorary Vice President of the Alzheimer’s Society, also attended the event.

He said:” This is a place where people find friendship, encouragement, advice and even manage to raise a smile.

“The hub is an example, not only across Coventry but nationally. It’s a model that, in my role, I hold up as a shining example for other cities to follow.”

[embedded content]

Find out more about the Hub by visiting the Council’s Website.

MIL OSI United Kingdom –

July 24, 2025

MIL-OSI: OMS Energy Technologies Inc. Announces Fiscal Year 2025 Financial Results

Source: GlobeNewswire (MIL-OSI)

SINGAPORE, July 24, 2025 (GLOBE NEWSWIRE) — OMS Energy Technologies Inc. (“OMS” or the “Company”) (NASDAQ: OMSE), a growth-oriented manufacturer of surface wellhead systems (“SWS”) and oil country tubular goods (“OCTG”) for the oil and gas industry, today announced its financial results for the fiscal year ended March 31, 2025.

Fiscal Year 2025 Financial Highlights

Total revenues in 2025 were $203.6 million, compared with $18.2 million for the period from April 1, 2023, through June 15, 2023, and $163.3 million for the period from June 16, 2023, through March 31, 2024.
Gross margin in 2025 was 33.9%, compared with 27.6% for the period from April 1, 2023, through June 15, 2023, and 29.9% for the period from June 16, 2023, through March 31, 2024.
Operating profit in 2025 was $59.9 million, compared with $3.2 million for the period from April 1, 2023, through June 15, 2023, and $40.2 million for the period from June 16, 2023, through March 31, 2024.

Mr. How Meng Hock, Chairman and Chief Executive Officer of OMS, commented, “We are extremely proud to report strong results for fiscal year 2025 in our first earnings announcement as a publicly listed company. Our double-digit revenue growth, expanded gross margin, and increase in operating profit are a direct result of our team’s disciplined execution and commitment to delivering value across all areas of our business. We have also recorded several new customer wins and contract renewals since our IPO in May, further broadening and diversifying our revenue base. With our focus on long-term growth, we’re entering fiscal 2026 with strong momentum and a clear strategy for continued innovation and expansion.”

Mr. Kevin Yeo, Chief Financial Officer, added, “Our fiscal 2025 financial performance reflects both top-line strength and meaningful margin improvement. Total revenues grew to $203.6 million, with gross margin reaching 33.9%. Operating profit increased to $59.9 million, highlighting our enhanced cost discipline and the benefits of growing economies of scale. Our net profit for the year was $47.0 million. When excluding a one-time $49.4 million bargain purchase gain recognized in fiscal 2024 related to the Management Buyout, our underlying profitability in 2025 demonstrates strong growth momentum. Supported by these solid fundamentals, a healthy balance sheet and loyal customer base, we remain confident of driving sustainable growth and building long-term shareholder value.”

Fiscal Year 2025 Financial Results

Total revenues. Total revenues in 2025 were $203.6 million, compared with $18.2 million for the period from April 1, 2023, through June 15, 2023, and $163.3 million for the period from June 16, 2023, through March 31, 2024.

Specialty connectors and pipes. Revenues from sales of specialty connectors and pipes in 2025 were $143.1 million, compared with $5.1 million for the period from April 1, 2023, through June 15, 2023, and $113.5 million for the period from June 16, 2023, through March 31, 2024. This increase was primarily due to a significant increase in demand from one of the Company’s major customers who had higher levels of business activities related to oil and gas production.
Surface wellhead and Christmas tree equipment. Revenues from sales of surface wellhead and Christmas tree equipment in 2025 were $8.7 million, compared with $3.0 million for the period from April 1, 2023, through June 15, 2023, and $6.8 million for the period from June 16, 2023, through March 31, 2024. This decrease was primarily due to delayed demand from one of the Company’s major customers in Indonesia, who is rationalizing their requirements as they plan for increased production to meet Indonesia’s energy security plan, as well as a delayed shipment to the Middle East which will materialize in the fiscal year 2026.
Premium threading services. Revenues from rendering of premium threading services in 2025 were $36.8 million, compared with $7.6 million for the period from April 1, 2023, through June 15, 2023, and $31.1 million for the period from June 16, 2023, through March 31, 2024. This slight decrease was primarily attributable to a relatively stable level of rig activities across oil and gas customers in the countries that drive demand for the Company’s premium threading services.
Other ancillary services. Revenues generated from other ancillary services in 2025 were $15.0 million, compared with $2.4 million for the period from April 1, 2023, through June 15, 2023, and $11.9 million for the period from June 16, 2023, through March 31, 2024. This increase was primarily due to greater customer demand for engineering testing, inspection and maintenance services.

Cost of revenues. Cost of revenues in 2025 was $134.6 million, compared with $13.2 million for the period from April 1, 2023, through June 15, 2023, and $114.5 million for the period from June 16, 2023, through March 31, 2024.

Gross profit. Gross profit in 2025 was $69.0 million, compared with $5.0 million for the period from April 1, 2023, through June 15, 2023, and $48.7 million for the period from June 16, 2023, through March 31, 2024. Gross margin in 2025 was 33.9%, compared with 27.6% for the period from April 1, 2023, through June 15, 2023, and 29.9% for the period from June 16, 2023, through March 31, 2024. The increase was mainly due to the growth in total revenues, as well as the benefits from economies of scale stemming from higher sales volume, sourcing productivity and an increase in the proportion of higher-margin services performed.

Selling, general and administrative expenses. Selling, general and administrative expenses in 2025 were $9.1 million, compared with $1.8 million for the period from April 1, 2023, through June 15, 2023, and $8.6 million for the period from June 16, 2023, through March 31, 2024. The decrease was mainly due to a decrease in legal and professional fees, staff expenses and depreciation.

Operating profit. Operating profit in 2025 was $59.9 million, compared with $3.2 million for the period from April 1, 2023, through June 15, 2023, and $40.2 million for the period from June 16, 2023, through March 31, 2024.

Total other income/(expense), net. Total other income, net in 2025 was $0.2 million, compared with total other expense, net of $0.08 million for the period from April 1, 2023, through June 15, 2023, and total other income, net of $50.2 million for the period from June 16, 2023, through March 31, 2024. The change was primarily due to a non-recurring bargain purchase gain of $49.4 million related to the management buyout in the period from June 16, 2023, through March 31, 2024.

Net profit. Net profit in 2025 was $47.0 million, compared with $2.4 million for the period from April 1, 2023, through June 15, 2023, and $82.1 million for the period from June 16, 2023, through March 31, 2024.

Basic and diluted EPS. Basic and diluted earnings per share were both $1.18 in 2025, compared with $2.19 for the period June 16, 2023, through March 31, 2024.

Balance Sheet and Cash Flow

As of March 31, 2025, the Company’s cash and cash equivalents and restricted cash totaled $75.8 million, compared with $45.4 million as of March 31, 2024.

Net cash provided by operating activities was $40.5 million, compared with net cash used of $2.9 million for the period from April 1, 2023, through June 15, 2023, and net cash provided of $24.0 million for the period from June 16, 2023, through March 31, 2024.

About OMS Energy Technologies Inc.

OMS Energy Technologies Inc. (NASDAQ: OMSE) is a growth-oriented manufacturer of surface wellhead systems (SWS) and oil country tubular goods (OCTG) for the oil and gas industry. Serving both onshore and offshore exploration and production operators, OMS is a trusted single-source supplier across six vital jurisdictions in the Asia Pacific, Middle Eastern and North African (MENA) regions. The Company’s 11 strategically located manufacturing facilities in key markets ensure rapid response times, customized technical solutions and seamless adaptation to evolving production and logistics needs. Beyond its core SWS and OCTG offerings, OMS also provides premium threading services to maximize operational efficiency for its customers.

For more information, please visit ir.omsos.com.

Safe Harbor Statement

This press release contains statements that may constitute “forward-looking” statements which are made pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “likely to,” and similar statements. Statements that are not historical facts, including statements about the Company’s beliefs, plans, and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. Further information regarding these and other risks is included in the Company’s filings with the SEC. All information provided in this press release is as of the date of this press release, and the Company does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

For investor and media inquiries, please contact:

OMS Energy Technologies Inc.
Investor Relations
Email: ir@omsos.com

Piacente Financial Communications
Brandi Piacente
Tel: +1-212-481-2050
Email: oms@thepiacentegroup.com

Hui Fan
Tel: +86-10-6508-0677
Email: oms@thepiacentegroup.com

Unaudited Summary of Financial Results Consolidated Statements of Financial Positions

	For the year ended March 31, 2025		For the year ended March 31, 2024
	US$’000		US$’000
Assets
Current assets:
Cash and cash equivalents	72,950		43,470
Restricted cash, current	1,692		1,593
Trade receivables	13,467		31,948
Contract assets	983		1,730
Inventories	32,546		30,689
Prepayment and other current assets	1,646		3,067
Amount due from a related party	1,584		1,585
Total Current Assets	124,868		114,082

Non-current assets:
Restricted cash, non-current	1,189		367
Right-of-use assets	8,086		3,549
Property, plant and equipment	32,055		32,040
Intangible assets	42		126
Deferred tax assets	2,938		2,574
Prepayment and other non-current assets	1,327		694
Total Non-Current Assets	45,637		39,350
Total Assets	170,505		153,432

Liabilities
Current Liabilities:
Trade and other payables	15,070		47,535
Loans and borrowings	—		6,504
Tax payable	8,200		6,669
Lease liabilities, current	1,187		741
Total Current Liabilities	24,457		61,449

Non-current Liabilities:
Employee benefits obligation	827		751
Lease liabilities, non-current	6,096		1,843
Deferred tax liabilities	4,217		3,684
Other payables, non-current	—		5,000
Provisions	321		351
Total Non-Current Liabilities	11,461		11,629
Total Liabilities	35,918		73,078

Equity
Share capital	4		4
Share premium	72,648		67,648
Retained earnings	58,634		13,818
Accumulated other comprehensive loss	(2,397	)	(4,441	)
Equity attributable to Shareholders of the Company	128,889		77,029
Non-controlling interests	5,698		3,325
Total equity	134,587		80,354

Total liabilities and equity	170,505		153,432

Consolidated Statements of Profit or Loss and Other Comprehensive Income

	Successor		Successor		Predecessor
	For the year ended March 31, 2025		For the period June 16, 2023 through March 31, 2024		For the period April 1 through June 15, 2023
	US$’000		US$’000		US$’000
Revenue – third parties	203,607		163,267		16,967
Revenue – related parties	—		—		1,215
Total revenue	203,607		163,267		18,182

Cost of revenue – third parties	(134,620	)	(114,525	)	(13,080	)
Cost of revenue – related parties	—		—		(75	)
Total cost of revenue	(134,620	)	(114,525	)	(13,155	)

Gross profit	68,987		48,742		5,027

Selling, general and administrative expenses	(9,122	)	(8,574	)	(1,790	)
Operating profit	59,865		40,168		3,237

Bargain purchase gain	—		49,429		—
Other income/(expenses), net – third parties	246		775		(108	)
Other income, net – related parties	—		—		29
Total other income/(expenses), net	246		50,204		(79	)

Finance income – third parties	339		55		9
Finance income – related parties	—		—		65
Total finance income	339		55		74

Finance cost – third parties	(284	)	(915	)	(38	)
Finance cost – related parties	—		—		(162	)
Total finance cost	(284	)	(915	)	(200	)

Profit before tax	60,166		89,512		3,032
Income tax expense	(13,189	)	(7,424	)	(657	)
Net profit	46,977		82,088		2,375

Other comprehensive income/(loss):
Items that will not be reclassified to profit or loss
Foreign currency translation differences	2,258		(1,701	)	(610	)
Changes resulting from actuarial remeasurement of employee benefits obligation	(2	)	(33	)	(9	)
Other comprehensive income/(loss), net of tax	2,256		(1,734	)	(619	)
Total comprehensive income	49,233		80,354		1,756

Net profit attributable to:
Shareholders of the Company	44,816		80,880		1,867
Non-controlling interests	2,161		1,208		508
Net profit	46,977		82,088		2,375

Total comprehensive income attributable to:
Shareholders of the Company	46,860		79,184		1,310
Non-controlling interests	2,373		1,170		446
Total comprehensive income	49,233		80,354		1,756

Basic and diluted weighted-average shares outstanding	37,822,500		36,900,000
Basic and diluted earnings per share (as adjusted) (US$)	1.18		2.19

Consolidated Statements of Cash Flows

	Successor		Successor		Predecessor
	For the year ended March 31, 2025		For the period June 16, 2023 through March 31, 2024		For the period April 1 through June 15, 2023
	US$’000		US$’000		US$’000
Operating activities
Net profit	46,977		82,088		2,375
Adjustments for:
Income tax expenses	13,189		7,424		657
Depreciation of property, plant and equipment	2,711		3,800		251
Amortization of intangible assets	84		97		6
Depreciation of right-of-use assets	1,412		1,030		140
Loss/(gain) on disposal of property, plant and equipment	111		(357	)	—
Allowance for/(reversal of) inventories obsolescence	571		(335	)	(6	)
Allowance for/(reversal of) expected credit losses	121		(3	)	—
Finance costs	284		915		200
Finance income	(339	)	(55	)	(74	)
Loss/(gain) on unrealized foreign exchange	493		(793	)	134
Gain on bargain purchase	—		(49,429	)	—

Changes in operating assets and liabilities:
Trade receivables	18,975		(17,961	)	(2,727	)
Contract assets	764		(1,505	)	1,139
Inventories	(2,329	)	(20,817	)	(360	)
Prepayment and other assets	809		418		(1,219	)
Trade receivables due from related parties	—		284		(428	)
Trade and other payables	(32,239	)	26,157		(2,224	)
Employee benefits obligation	59		11		24
	51,653		30,969		(2,112	)
Cash provided by operations:
Interest received	339		55		74
Income taxes paid	(11,490	)	(6,979	)	(852	)
Net cash provided by/(used in) operating activities	40,502		24,045		(2,890	)

Investing activities
Proceeds from sale of property, plant and equipment	—		698		—
Cash payment for management buyout	—		(2,000	)	—
Acquisition of property, plant and equipment	(2,863	)	(3,238	)	(1,200	)
Acquisition of intangible asset	—		(11	)	—
Repayment from/(loan to) related parties	—		—		20,981
Amount due from a related party	1		(1,585	)	—
Net cash (used in)/provided by investing activities	(2,862	)	(6,136	)	19,781
Financing activities
Advances from potential investors	—		5,000		—
Proceeds from loans and borrowings	—		—		874
Proceeds from loans from related parties	—		—		8,845
Repayment of loans from related parties	—		—		(28,038	)
Repayment of loans and borrowings	(6,504	)	(3,874	)	—
Interest paid	(253	)	(211	)	(200	)
Payment of lease liabilities	(1,302	)	(824	)	(197	)
Net cash (used in)/provided by financing activities	(8,059	)	91		(18,716	)
Effect of foreign exchange on cash, cash equivalents and restricted cash	820		(2,473	)	(75	)
Net increase/(decrease) in cash, cash equivalents and restricted cash	30,401		15,527		(1,900	)
Cash, cash equivalents and restricted cash at beginning of year/period	45,430		29,903		31,803
Cash, cash equivalents and restricted cash at end of year/period	75,831		45,430		29,903
Less: Restricted cash, non-current	1,189		367		1,150
Less: Restricted cash, current	1,692		1,593		1,087
Cash and cash equivalents at end of year/period	72,950		43,470		27,666

The MIL Network –

July 24, 2025

MIL-OSI Economics: AI-supported ground processes: Lufthansa, Fraport, and zeroG drive innovation at Frankfurt Airport

Source: Lufthansa Group

Lufthansa and Fraport AG have signed an agreement to further optimize aircraft handling at Frankfurt Airport. Together with Lufthansa subsidiary zeroG, the partners are introducing the innovative AI-based camera solution “seer”.

The goal is to use real-time data to make the turnaround process– i.e., the procedures involved in aircraft handling – more transparent, punctual, and efficient.

Every step of the handling process, from docking the passenger boarding bridge to loading baggage and refueling at the respective aircraft positions, is recorded by a camera. The AI system then automatically timestamps the respective process steps. This increases the quantity and quality of the available information, which is bundled in a central data base (“single source of truth”).

Gradual installation at all aircraft positions

The AI-supported turnaround process is the result of an intensive development and pilot phase that began in 2023. From February to May 2024, Lufthansa and Fraport tested the system at selected aircraft parking positions at Frankfurt Airport. Currently, “seer” is being used at five aircraft parking positions. The number of positions is expected to rise to 20 by the end of the third quarter this year. This will be followed by a gradual, comprehensive rollout at Frankfurt Airport.

“Transparent ground processes enable us to further improve our punctuality and service quality. This benefits our guests in particular”, says Jens Ritter, CEO of Lufthansa Airlines. “That is why we are working intensively on modernizing our operational processes with innovative technologies such as the AI-based ‘seer’ solution. When all partners at Frankfurt Airport use their handling data and exchange it among each other, we can become more efficient and even more punctual together.”

Lufthansa is contributing its extensive operational experience to the project and combining it with Fraport’s airport expertise. zeroG brings together the requirements of the airline and the airport, develops the entire underlying AI and computer vision intelligence behind “seer” as the technological core, and thus ensures seamless integration into existing processes. All airlines and system partners at the location will benefit from “seer”.

“At Fraport, we are driving forward a wide range of AI solutions to optimize processes at our airports, reduce the workload of our employees, and increase the satisfaction of our passengers and customers“, says Stefan Schulte, CEO of Fraport AG. “The AI-supported turnaround is a perfect example of this. The increased transparency of the data gives our employees and partners a more accurate picture of the individual steps involved in aircraft handling, enabling them to adapt the subsequent work steps accordingly. This not only has a positive effect on the respective handling process, but also on the entire airport operation.“

“Aircraft don’t earn money by being on the ground – yet this is where the most complex processes take place under intense time pressure. This is exactly where our solution helps: with the support of camera-based AI models, we make processes visible, analyzable, and controllable – in real time,” explains Manuel van Esch, Managing Director of zeroG. “This not only brings greater transparency for airlines and airport operators but also improves punctuality and resource utilization.”

The close cooperation between Lufthansa, zeroG, and Fraport is an example of successful partnership in aviation. Together, innovations are being developed and implemented that not only strengthen Frankfurt and its airport but also set international standards.

MIL OSI Economics –

July 24, 2025
MIL-OSI Africa: 2026 Gauteng School admission process begins

Source: Government of South Africa

Gauteng Education MEC Matome Chiloane has officially switched on the 2026 Online Admissions System, marking the start of applications for parents and guardians with children going to Grade 1 and Grade 8 at Gauteng public schools in the 2026 academic year.

Speaking at the YMCA in Ga-Rankuwa Zone 5, the MEC expressed confidence in the department’s online application system.

“I have just received confirmation that 80 000 applications have already gone through since the opening this morning. The parents are responding positively, and we are anticipating that we will have a much larger number by the end of the day. So far, so good. I have not received any complaints about glitches. There hasn’t been a system crash, so all is well,” Chiloane said.

The YMCA in Ga-Rankuwa Zone 5 serves as one of the 81 walk-in centres across the province, where parents and guardians who do not have access to the requisite resources can get assistance.

Parents and guardians can submit their application online on any device by visiting www.gdeadmissions.gov.za. The 2026 online admissions application period will close on Friday, 29 August 2025 at midnight.

The MEC said significant upgrades have been made to the province’s online admissions system aimed at improving user experience and processing efficiency.

“Every year after we have done the application process, we do a review and engage a couple of stakeholders that interact with the system, the learner, parent, SGB just to get feedback as to where can we improve.

“Largely, it has been improvements in communication that we have made. When you apply you get an SMS that shows you have completed the steps,” he said.

The MEC said another major enhancement was the system’s processing capacity.

The upgraded platform can now handle up to 40 000 applications per minute, reducing delays and improving turnaround time during the high-traffic application period.

“We have also improved as well on allowing parents (mother and father) to apply for the same child but obviously the system will only give them an option of 5 schools, so there has been quite a lot of improvement in the system, we have done quite a lot,” Chiloane said.

How the system works

All parents need to register new profiles. Old profiles and previous login details will not work.

After registering on www.gdeadmissions.gov.za, the system will prompt parents to create login credentials (username and password).

“Parents must keep these credentials safe, as they will use them to access the Online Admissions System, and view and manage their profile and application details.

“Parents must accept the POPI [Protection of Personal Information] disclaimer, enter their correct ID number and details, and remember to read and accept the Terms and Conditions,” Chiloane advised.

Once parents have gained access to the system, they must begin with the application process and ensure that they complete the 5 step application process.

“It is essential for parents and guardians to fill in correct and accurate details in every step of the application process as prompted by the system. Documents must be uploaded or submitted within seven days of applying.

“Registering a profile without completing every step of the 5 step application process will result in an incomplete application and the applicant not being considered for placement,” he said.

To receive important SMS notifications and updates regarding their application(s), applicants must provide one reliable and correct cellphone number when registering.

“Every step of the application process will be confirmed via SMS for security and verification purposes. There will be weekly pop-up messages on the system and SMS notifications sent to registered applicants as reminders to complete their application.

“SMS notifications will also be sent to parents to acknowledge submission and verification of documents. Therefore, parents are encouraged not to change or lose their cellphone numbers, but in unforeseen cases the department must be contacted for assistance,” the MEC explained.

He encouraged parents to use the Home Address Within School Feeder Zone option when applying on the system to see schools with feeder zones that cover their home address.

To increase the chances of placement closer to the parent’s home address, parents should select schools with feeder zones that cover the parent’s home address.

When applying, parents are urged to select a minimum of three schools and a maximum of five schools. All schools will remain open and accessible on the system for applications during the application period.

Closing date

No new applications will be accepted once the application period closes on 29 August 2025 at midnight. Parents are advised to not fall for scams that charge a fee to assist with applying online.

“Bogus operators are scamming parents by falsely promising guaranteed placements in exchange for money. All scams and illegal placements must be reported to the GDE. The GDE does not charge any fees for assisting parents with the application process, all official support is completely free,” the MEC emphasised.

For more information, assistance or comments:
•    Call 0800 000 789
•    WhatsApp 060 891 0361 or
•    Email: gdeinfo@gauteng.gov.za

– SAnews.gov.za

MIL OSI Africa –

July 24, 2025
MIL-OSI Asia-Pac: Hong Kong Week 2025@Seoul showcases arts and cultural strengths and diversity (with photos)

Source: Hong Kong Government special administrative region

Hong Kong Week 2025@Seoul showcases arts and cultural strengths and diversity ???
HK Week@Seoul will premiere tomorrow (July 25) with the pre-festival “Wu Guanzhong Art Sponsorship Overseas Exhibition Series: Wu Guanzhong: Between Black and White”, where 17 masterworks by the great Chinese painter Wu Guanzhong (1919-2010) from the collection of the Hong Kong Museum of Art will be exhibited for the first time in Korea, offering the audience a glimpse into his poetic world of ink and oil.

The grand opening programme of HK Week@Seoul, “Romeo + Juliet” by Hong Kong Ballet, is choreographed by Septime Webre to reinterpret Shakespeare’s classic love story with Hong Kong in the 1960s as the backdrop, presenting Hong Kong’s East-meets-West artistic style.

Dance highlights include the grand dance poem “A Dance of Celestial Rhythms” by the Hong Kong Dance Company, which integrates dance and lights inspired by the ancient Solar Terms; “Mr Blank 2.0” by the City Contemporary Dance Company, which explores disorientation and awakening of human nature through the interplay of physical space and digital projections; and “CollabAsia”, a collaboration between the Hong Kong Academy for Performing Arts and Sungkyunkwan University in Korea showcasing cross-cultural exchange between students.

For music, the concert “Yan Huichang & Hong Kong Chinese Orchestra” will present various captivating music pieces in partnership with Korean musicians Kim Suin and Park Joonho as well as the Wizard Children’s Choir. The concert “Lio Kuokman, Yekwon Sunwoo & Hong Kong Philharmonic” will feature an orchestral concert led by the Hong Kong Philharmonic Orchestra’s Resident Conductor Lio Kuokman and Korean pianist Yekwon Sunwoo, performing a wide range of classical works from the contemporary and romantic eras.

Pop culture will be highlighted by “ImagineLand@Seoul”, an outdoor concert bringing together Hong Kong and Korean singers, including Jonathan Wong and Korean singer Lena Park, for a vibrant showcase of pop music. The concert will also include classical music and original soundtracks from classic Korean dramas and Hong Kong movies. The concert will be followed by a screening of Hong Kong’s classic movie “An Autumn’s Tale” (1987), starring Chow Yun-fat and Cherie Chung.

Film enthusiasts can enjoy two programmes. “‘Movies-to-GO’ – Border Crossings in Hong Kong Cinema – Korea” will screen two Hong Kong-Korean co-productions and four Hong Kong classic movies from the 1960s to 1980s, including the world premiere of a 4K digital restoration of “The Story of a Discharged Prisoner” (1967). “Making Waves – Navigators of Hong Kong Cinema” will screen more recent Hong Kong productions that reflect the city’s evolving cinematic voice.

Two programmes supported by the Hong Kong Arts Development Council (HKADC) are “Travel of the Soul: Echoes after Time”, a dance piece by choreographer Terry Tsang collaborating with Korean dance luminaries, and “HKADC x BAC: Asian Modern Symphony Orchestra with Wilson Ng”, a concert where conductor Wilson Ng will lead musicians from Hong Kong, Korea and other parts of Asia to perform classical music spanning different eras and places, including a performance by renowned Hong Kong pianist Wong KaJeng.

The Cultural and Creative Industries Development Agency will launch two exhibitions. The “Hong Kong Comics and Culture Exhibition” will present over 80 exhibits from Hong Kong’s martial arts-themed and satirical comic works, including classics such as “Old Master Q” and “My Boy”, as well as the successful cross-sectoral collaboration between Hong Kong’s comics and film and television. “LOCAL POWER Hong Kong Fashion Show and Exhibition in Seoul” will showcase approximately 110 fashion pieces by designers from Hong Kong and other cities of the Guangdong-Hong Kong-Macao Greater Bay Area and from Korea, while staging a fashion presentation blending AI technology with Cantopop and K-pop.

Information on the dates and venues of the above programmes is set out in the Annex. Tickets for “Romeo + Juliet” and the concert “Yan Huichang & Hong Kong Chinese Orchestra” will be available for sale from tomorrow (July 25). Tickets for “A Dance of Celestial Rhythms”, the concert “Lio Kuokman, Yekwon Sunwoo & Hong Kong Philharmonic” and “Mr Blank 2.0” will be available for sale from August 8. For details, please visit www.hongkongweek.gov.hkIssued at HKT 16:55

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CategoriesMIL-OSI

MIL OSI Asia Pacific News –

July 24, 2025
MIL-OSI Russia: The Polytechnic University is completing the process of accepting documents for budget-funded bachelor’s and specialist’s degrees

Translation. Region: Russian Federal

Source: Peter the Great St. Petersburg Polytechnic University –

An important disclaimer is at the bottom of this article.

The admissions campaign at Peter the Great St. Petersburg Polytechnic University is in full swing, and its first stage is coming to an end. On July 25 at 12:00 Moscow time, the deadline for accepting documents for the bachelor’s and specialist’s programs of full-time budgetary education ends. Applicants have only one day left to submit an application and finally decide on their future profession.

Currently, more than 139,000 applications have been submitted for bachelor’s and specialist’s degree programs, which confirms the high interest of applicants in the Polytechnic University. In terms of the number of applications, the leading positions are still occupied by the Institute of Computer Science and Cybersecurity, the Institute of Industrial Management, Economics and Trade, the Institute of Mechanical Engineering, Materials and Transport.

Although you can submit documents to SPbPU online from anywhere in the country, the Admissions Committee is always happy to meet with applicants in person. This year, a modern multifunctional space has been organized in the Reading Room of the Main Academic Building, where you can submit documents with the help of the Admissions Committee staff, sign a training agreement and, of course, submit consent for enrollment (in 2025, it replaces the need to provide an original education document). Next to the Reading Room, there are institute stands where university representatives provide detailed information about training programs, internship opportunities and employment prospects. During the admissions campaign, meetings and tours of laboratories were also held for applicants and their parents, allowing them to get acquainted with the university infrastructure.

This year, in order to be enrolled in a university, it is necessary to provide consent for enrollment instead of the original educational document. At the moment, more than 1,500 applicants have already submitted consent for enrollment.

The main innovation of this year was the “Petrovskaya Wave” program, which guarantees admission to applicants with high scores. If the applicant’s score exceeds the established threshold, the university will enroll him or her even in a fee-paying place – at its own expense. In 2025, the wave will apply to some areas of the Institute of Energy, the Institute of Mechanical Engineering, Materials and Transport, and the Institute of Electronics and Telecommunications.

Also in 2025, a new grant system for talented applicants was introduced. Winners and prize winners of Olympiads, as well as students entering with high Unified State Exam scores, can receive a grant of up to 120,000 rubles, as well as an additional payment of 50,000 rubles subject to excellent academic performance. In 2025, more than 500 winners and prize winners of Olympiads applied to the Polytechnic University, of which 150 have already agreed to enroll in the university.

After the document submission process is complete, the enrollment stage will begin. On July 27, the competitive lists will be published, according to which applicants will be able to assess their situation and opportunities for admission. In order to be enrolled in the Polytechnic University, applicants must provide consent for enrollment (on the State Services portal, in person at the admissions office or by mail) within the established deadlines:

until August 1, 12:00 Moscow time — for applicants on quotas and without entrance examinations until August 5, 12:00 Moscow time — for applicants to the main competitive places

On July 2, priority enrollment will take place for preferential categories and winners and prize winners of Olympiads, and on August 7, the main stage of enrollment for full-time budgetary education will take place.

Saint Petersburg Polytechnic University is waiting for its future main heroes and is preparing for a new academic year full of discoveries, scientific achievements and exciting events!

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

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MIL OSI Russia News –

July 24, 2025
India Celebrates Income Tax Day 2025: A tribute to digital transformation and taxpayer empowerment

Source: Government of India

Source: Government of India (4)

India today commemorates Income Tax Day, marking the 165th anniversary of the introduction of income tax in the country. Celebrated every year on July 24, the day acknowledges the evolution of India’s tax system and its pivotal role in nation-building.

Income tax was first introduced in India on this day in 1860 by British economist Sir James Wilson to counter the financial strain caused by the First War of Independence in 1857. The framework laid then eventually culminated in the Income Tax Act of 1922 and later the comprehensive Income Tax Act of 1961, which still governs the taxation system in the country today.

In recent decades, India’s income tax system has undergone a profound digital transformation, shifting from manual record-keeping to a tech-enabled, citizen-friendly administration. The process began with the introduction of the Permanent Account Number (PAN) in 1972, followed by initial computerization in 1981. The current PAN series, introduced in 1995, enabled better tracking and compliance.

A major technological leap came with the establishment of the Centralized Processing Centre (CPC) in Bengaluru in 2009, allowing for jurisdiction-free, digital processing of tax returns. The Tax Information Network (TIN), and its upgraded version TIN 2.0, further enhanced convenience, offering real-time tax credits and quicker refunds. The Demand Facilitation Centre in Mysuru now serves as a central repository for outstanding tax demands, easing access for both taxpayers and officials.

The government’s focus on transparency and data-driven governance is also reflected in the use of Project Insight. This integrated data platform enables the Income Tax Department (ITD) to create a 360-degree financial profile of taxpayers by integrating data from various sources, such as GSTN, financial institutions, and property registries. These insights help in detecting discrepancies and prompting voluntary compliance through non-intrusive nudges.

The Faceless Assessment Scheme, launched in 2019, has revolutionized tax assessments by removing physical interaction between the taxpayer and the tax officer. Taxpayers now receive automated notices, assessments, and communications through a digital platform, enhancing accountability and efficiency.

Additionally, the Annual Information Statement (AIS), implemented in November 2021, provides individuals with a consolidated view of their financial activity across the year. It pre-fills income tax returns using verified third-party data, minimizing errors and promoting self-compliance. This, along with the e-Verification Scheme, allows discrepancies to be resolved entirely online.

As part of a continued effort to simplify compliance and encourage voluntary participation, the Finance Act, 2025 has extended the deadline for filing updated income tax returns from 24 months to 48 months. This amendment gives taxpayers more time to correct errors and avoid penalties while ensuring fair contribution.

Tax collection trends underline the success of these reforms. The total number of Income Tax Returns (ITRs) filed rose by 36% over the past five years, reaching 9.19 crore filings in FY 2024–25, compared to 6.72 crore in FY 2020–21. Gross Direct Tax Collections also saw a sharp rise—from ₹12.31 lakh crore in 2020–21 to ₹27.02 lakh crore in 2024–25, reflecting both economic resilience and improved compliance.

The Union Budget 2025–26 introduced several relief measures to ease the tax burden on individuals. Under the new tax regime, income up to ₹12 lakh is now tax-free. With the standard deduction of ₹75,000, salaried individuals with income up to ₹12.75 lakh will have zero tax liability. These measures are expected to boost household spending, particularly among the middle class.

Other notable changes include an increase in TDS and TCS thresholds, decriminalization of TCS payment delays, and full tax exemption for withdrawals from National Savings Scheme (NSS) accounts made after August 29, 2024. The time limit for registering small charitable trusts has also been extended, while taxpayers with two self-occupied properties can now claim exemptions for both without restrictions.

Significantly, the Income Tax Bill, 2025 has been tabled to replace the Income Tax Act of 1961. While retaining the core principles, the new bill seeks to simplify the language of tax laws, remove redundant provisions, and improve clarity for taxpayers and professionals alike.

July 24, 2025
MIL-OSI: Bitcoin Swift Nears End of Stage 1 Presale With AI-Driven Yield Protocol and Governance Model
Source: GlobeNewswire (MIL-OSI)

LUXEMBOURG, July 24, 2025 (GLOBE NEWSWIRE) — Bitcoin Swift (BTC3), the developer of a new blockchain protocol combining programmable yield mechanics with AI-driven governance, today announced the upcoming conclusion of Stage 1 of its BTC3 token presale. With just two days remaining before Stage 2 begins, the project reports a significant increase in interest from early-stage participants.

The BTC3 protocol is designed to address limitations in scalability, yield accessibility, and governance faced by earlier-generation blockchains. Its hybrid architecture incorporates AI-assisted voting systems, privacy-preserving smart contracts, and a Proof-of-Yield (PoY) model that allows users to access staking rewards immediately upon the conclusion of each presale stage.

Stage 1 Presale Highlights
- Presale Stage 1 ends July 26, 2025
- Current Price: $1.00
- Stage 2 Price: $2.00
- Projected Launch Price: $15.00
- Stage 1 APY: 143% via Proof-of-Yield mechanism
- Presale concludes: September 18, 2025
Unlike traditional presales that require users to wait for protocol access, Bitcoin Swift activates its PoY system in real-time. This feature allows token holders to receive programmable staking rewards that are distributed automatically based on smart contract logic.

Core Technology Features
- Proof-of-Yield (PoY): A staking framework that calculates real-time APY based on network activity
- AI Governance: Proposal evaluation through AI agents prior to DAO voting
- Sustainability Tracking: Environmental metrics integrated via federated oracles
- Privacy & Identity: zk-SNARK encryption and DID-based voting infrastructure
- Compliance-Ready Architecture: Designed with data privacy and user protections in mind
“Bitcoin Swift was built to offer a more intelligent and dynamic blockchain layer, starting with immediate utility at the presale level,” said a representative from the Bitcoin Swift team. “We believe that programmable rewards and AI-based governance models will play a key role in the next evolution of decentralized finance.”

What Influencers Are Saying

The buzz around BTC3 has been steadily rising across crypto communities. Influencers like Crypto Vlog, Token Empire, and Crypto Show have released detailed reviews breaking down why Bitcoin Swift’s architecture is more than just hype. Many highlight its compliance-readiness and AI-led innovation as major selling points for 2025.

Even broader coverage by creators like Crypto League and Crypto Nitro emphasizes how the protocol’s emphasis on sustainability and privacy could set a new standard for blockchain finance.

Looking Ahead

Following the conclusion of Stage 1, Bitcoin Swift will transition to Stage 2 of the presale at a new token price of $2.00. The final public sale will conclude on September 18, 2025, followed by the activation of full governance and on-chain protocol utilities. BTC3 will be deployed with Solana-compatible infrastructure to support high throughput and low transaction fees.

For more information about the BTC3 presale or the Bitcoin Swift protocol, please visit: https://bitcoinswift.com

Contact:
Luc Schaus
support@bitcoinswift.com

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

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Photos accompanying this announcement are available at

https://www.globenewswire.com/NewsRoom/AttachmentNg/c4db1a26-86a9-4888-866a-926035fd9a27

https://www.globenewswire.com/NewsRoom/AttachmentNg/8376232e-a9dd-439f-9baa-da86eb803455

The MIL Network –
July 24, 2025
MIL-OSI: MIG Capital leads CHF 7.75 million seed financing for ASTRA Therapeutics
Source: GlobeNewswire (MIL-OSI)
- MIG Capital, through its MIG Fonds, is investing 3 million Swiss Francs (CHF) in the Swiss start-up which designs precision drugs against eukaryotic pathogens.
- Digitalis Ventures co-leads the round with additional investment from Borealis Ventures, Kickfund and Venture Kick.
- Eukaryotic pathogens cause illness and death in animals, humans, and crops.
MUNICH, Germany, and VILLIGEN, Switzerland, July 24, 2025 (GLOBE NEWSWIRE) — MIG Capital AG, one of Germany’s leading venture capital firms, announced today that it is heading a seed financing of CHF 7.75 million for ASTRA Therapeutics with U.S. venture capital firm Digitalis Ventures as co-lead and Borealis Ventures, Kickfund and Venture Kick also participating in the round. MIG Fonds 17 and 18 have allocated CHF 3 million for the Swiss start-up, based at the Park InnovAARE innovation campus in Villigen, Switzerland.

Founded in 2022, ASTRA Therapeutics AG designs and develops novel parasitic agents (parasiticides) that control parasites by inhibiting cell division in parasites while sparing hosts. The company generates species-specific drug leads targeting tubulin, known as Parabulins^®, through its proprietary drug development platform ParaX^®.

Parabulins^® are novel drugs (New Molecular Entities, NME) targeting important indications in the veterinary market. ASTRA’s pipeline includes over 15 patentable chemical classes featuring nanomolar-potent candidates for common parasites such as coccidia in farm animals and heartworm in dogs and cats. Initial in vivo proof of concept for multiple NMEs has been demonstrated.

Natacha Gaillard, PhD, Founder and Co-CEO of ASTRA Therapeutics, said: “The animal health market is facing an ever-increasing need for novel anti-parasite drugs to combat the growing threat of drug resistance, ensure the health and welfare of our pets, and maintain healthy and efficient food production.”

Ashwani Sharma, PhD, also Founder and Co-CEO of ASTRA Therapeutics, added: “Our platform is designed to exploit structural differences between essential proteins in parasites and the host animals, enabling creation of new drugs that should be both effective and safe.”

The global parasiticide market is worth over 10 billion US dollars and is growing at a CAGR of 5.6%¹. At the same time, established products are facing patent expiry, while increasing resistance is causing a dramatic need for new drugs – in some regions, up to 98% of heartworm cases are already resistant to standard therapies.

ASTRA is strategically positioned to capture this opportunity: the company develops novel, patentable drugs that are highly potent and resistance-breaking. Target revenues are over 800 million US dollars per year for coccidiosis and 2.4 billion US-dollars per year for worm control – in the veterinary sector alone.

“We see tremendous commercial potential for new drugs that control worms including heartworm in dogs and cats, and coccidiosis in poultry and swine production,” said Andreas Kastenbauer, Partner at MIG Capital. “With renowned structural biologists Dr. Natacha Gaillard and Dr. Ashwani Sharma in the lead and strong support from a team of market and business developers experienced in drug discovery, licensing and biotech financing, this is the right company to achieve success.”

The new investment expands MIG Capital’s approach to engaging in the rapidly growing veterinary medicine market. In 2024, the VC investor already acquired a stake in HawkCell, a French start-up developing MRI and CT imaging for use in animals. ASTRA Therapeutics is MIG Capital’s first investment in Switzerland and its second new investment this year.

_______________
1 Stonehaven Cozmix Group, Animal Health Industry: Reflections on the Past Decade and Visions for the Future Report 2025. (Published at AHNTI Conference London 2025) [see page 23]

About Astra Therapeutics

ASTRA Therapeutics is a Swiss biotechnology company based in Villigen (CH) that designs novel precision drugs against eukaryotic pathogens based on its proprietary ParaX^® platform. The company’s goal is to develop drugs that selectively target parasites while sparing hosts. ASTRA Therapeutics addresses medical and veterinary challenges characterized by increasing drug resistance, expiring patents, and a growing global parasiticide market.

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

About MIG Capital

MIG Capital is one of the leading German VC investors. Through its MIG funds, MIG invests in young deep tech and life sciences companies in German-speaking Europe and beyond. To date, the company has invested over €770 million in approx. 60 start-ups. MIG portfolio companies develop innovations in areas including biopharmaceuticals, energy and environmental technologies, advanced computing, digitalization / IoT, medical technology, and digital health. The MIG investment portfolio currently consists of more than 30 companies.

MIG’s investment team is made up of a dedicated group of engineers, scientists, physicians and entrepreneurs who use analytical and creative processes to assess the risks and opportunities of business models and technologies. Their reputation, experience and network provide excellent access to companies, institutions and decision-makers to support the growth of their portfolio companies.

In recent years, MIG Capital has realized more than ten successful portfolio company sales, including Siltectra (to Infineon) and Hemovent (to MicroPort). It has placed several companies on the stock exchange including BRAIN, NFON, BioNTech, and Immatics.

For further information, please visit: www.mig.ag, www.mig-fonds.de. LinkedIn: MIG Capital

Contact

MIG Capital
Andreas Kastenbauer, Partner
+49-89-94382680
ak@mig.ag

Media Inquiries

MC Services
Dr. Cora Kaiser, Catherine Featherston, Dr. Johanna Kobler
+49-89-210228-0
migag@mc-services.eu

The MIL Network –
July 24, 2025
MIL-OSI: Rhombus Expands AI-Powered Operational Analytics by Launching Line Crossing and Occupancy Counting
Source: GlobeNewswire (MIL-OSI)

SACRAMENTO, Calif., July 24, 2025 (GLOBE NEWSWIRE) — Rhombus, a leader in cloud-managed physical security solutions, today announced the expansion of its AI-powered Operational Analytics capabilities with two powerful new features: Line Crossing and Occupancy Counting. These solutions give organizations real-time spatial intelligence tools to improve how they manage traffic flow, space utilization, and staffing. Both work with existing Rhombus camera infrastructure and can be centrally managed from the Rhombus console.

Rhombus continues to expand video intelligence beyond traditional surveillance by unlocking AI-fueled insights that help businesses solve everyday operational challenges. With these new features, security footage instantly becomes a live source of business intelligence to give teams a clear understanding of precisely how spaces are used and how to improve them.

“Video systems have long been siloed for security use only,” said Brandon Salzberg, Chief Technology Officer at Rhombus. “But with the right AI and powerful analytics, those same systems can also power real-time operational intelligence that helps businesses grow. Line Crossing and Occupancy Counting are great new examples of how we’re unlocking broader value from existing security camera infrastructure.”

Line Crossing

Line Crossing lets organizations define custom boundaries within camera views to monitor the directional traffic of how and when people or vehicles cross from one area to another. These insights are critical for identifying peak usage patterns and making layout or schedule changes that improve flow and efficiency. From retail store entrances to manufacturing loading docks, Line Crossing provides actionable data through clear, intuitive reporting.

“We built Line Crossing to answer a simple question: how are people actually using your space?” said Rickey Cox, VP of Product at Rhombus. “We can surface directional insights that help organizations fine-tune everything from where to place employees to broader site design changes, without relying on guesswork.”

Occupancy Counting

Occupancy Counting provides ongoing estimates of how many people are in a given area by using AI models. The solution eliminates the need for manual headcounts or check-in systems, enabling teams to manage capacity and identify underused areas. These insights help organizations respond to fluctuations in foot traffic, optimize space layout, and better align staffing with actual demand.

Solutions Built for Real-World Use Cases

Both Line Crossing and Occupancy Counting are designed to support a wide range of operational needs across industries. For example:
- In retail environments, traffic flow data can inform smarter product placement and optimize underperforming departments.
- In manufacturing settings, tracking vendor deliveries can reduce congestion at loading docks.
- At fitness centers, occupancy visibility enables better fitness class and staff planning while minimizing safety hazards.
Rhombus’ Vision for Smarter Security, Smarter Operations

The expansion of the Operational Analytics suite underscores Rhombus’ broader commitment to making its video intelligence solutions continually smarter, faster, and more adaptive. From real-time alerts to natural language video search, Rhombus uses AI to eliminate otherwise tedious manual efforts, accelerate investigations, and proactively detect threats. At the same time, the platform helps teams improve safety, increase efficiency, and make better decisions across their operations. By combining AI-enabled video analytics, audio detection, and IoT sensor data, Rhombus delivers a unified solution that adapts to each customer’s needs, supports evolving workflows, and helps organizations get more value from their existing security infrastructure.

Seamless Integration with the Rhombus Platform

Line Crossing and Occupancy Counting work with Rhombus’ dome, bullet, and multisensor camera series, and are available with no additional hardware or complex setup. Teams can access trends and reports through the same intuitive cloud-managed platform they already use, or pull data into their systems via Rhombus’ open APIs.

Availability

Line Crossing and Occupancy Counting are now available in limited release to customers with a Rhombus Enterprise license. Organizations interested in exploring the unique advantages of Rhombus’ Operational Analytics can book a demo: https://www.rhombus.com/live-demo/

About Rhombus

Rhombus is an open, cloud-managed physical security platform that brings security cameras, access control, sensors, alarm monitoring, and integrations together under a single pane of glass. Thousands of organizations trust Rhombus to drive operational excellence, improve safety, and streamline workflows through a comprehensive suite of smart security solutions and 50+ integrations with leading business systems. Rhombus is backed by NightDragon, Bluestone Equity Partners, Cota Capital, Caden Capital, Tru Arrow Partners, and Uncorrelated Ventures, and is on a mission to make the world safer with a smart, powerful physical security platform that is built to protect and designed to adapt.

Visit www.rhombus.com to book a demo.

Contact
Kyle Peterson / Clement | Peterson
kyle@clementpeterson.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/f7015666-d6fb-468a-8a5e-7c950800f6f6

The MIL Network –
July 24, 2025
MIL-OSI Economics: ADB President Calls for Increased Innovation Investment at STS Forum

Source: Asia Development Bank

ADB President Masato Kanda urged increased investment in science, technology, and innovation to drive inclusive and sustainable growth in Southeast Asia during his keynote address at the 9th Science and Technology in Society (STS) Forum ASEAN–Japan Conference in Jakarta.

MIL OSI Economics –

July 24, 2025
MIL-OSI Africa: National Treasury reports malware intrusion on IRM website

Source: Government of South Africa

Thursday, July 24, 2025

National Treasury has isolated servers that were compromised by a malware intrusion on its Infrastructure Reporting Model (IRM) website, the online infrastructure reporting and monitoring system.

Treasury will assess the IRM servers for the magnitude of the compromise and to ensure the security of its systems.

“Considering recent media reports since Sunday regarding security incidents affecting Microsoft platforms in the United States, National Treasury has requested Microsoft’s assistance in identifying and addressing any potential vulnerabilities within its Information and Communication Technology (ICT) environment.

“Despite these events, National Treasury’s systems and websites continue to operate normally without any disruption.

“National Treasury’s ICT department processes over 200 000 emails each day and facilitates more than 400 000 user connections through their websites daily.

“On average, the National Treasury ICT team successfully detects and blocks approximately 5 800 security threats directed at National Treasury systems every day, showcasing the department’s commitment to maintaining a secure digital environment,” National Treasury said on Wednesday.

These threats encompass a range of malicious activities, including phishing attempts, malware infections, and spam attacks. – SAnews.gov.za

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MIL OSI Africa –

July 24, 2025
MIL-OSI China: China releases new e-bike safety standards enforcement guidelines

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

BEIJING, July 24 — China has issued a set of guidelines ensuring the effective implementation of new mandatory national safety standards for electric bicycles (e-bikes), in an effort to improve regulation of this sector.

The document, released by the Ministry of Industry and Information Technology (MIIT), the Ministry of Public Security, the State Administration for Market Regulation, and the National Fire and Rescue Administration, outlines comprehensive measures which apply across the industry chain.

There will be stricter oversight ranging from manufacturing to sales and registration, as well as the replacement of outdated vehicles, according to the guidelines.

This move comes amid growing safety concerns over substandard e-bikes and unauthorized modifications, stoked by incidents involving e-bike fires and traffic accidents in recent years — which were often linked to illegal retrofitting that can make e-bikes exceed speed limits.

To address these risks, China has already launched campaigns targeting safety hazards, while the new national standards will take effect on September 1.

Preliminary results have indicated positive progress. In the first half of 2025, the country recorded 7,048 e-bike-related fire incidents, a 44.7-percent decrease compared to the same period last year.

According to the MIIT, these guidelines aim to help manufacturers deliver compliant products to the market more quickly and accelerate the phasing out of non-conforming inventory. Efforts, notably, will be made to reinforce quality supervision endeavors and crack down on the production of non-compliant vehicles and illegal retrofitting.

Meanwhile, China will continue to offer subsidies aimed at encouraging consumers to replace outdated e-bikes. So far this year, nearly 9.06 million new e-bikes have been sold nationwide via the government trade-in program.

MIL OSI China News –

July 24, 2025

MIL-OSI: BE Semiconductor Industries N.V. Announces Q2-25 Results

Source: GlobeNewswire (MIL-OSI)

Q2-25 Revenue and Net Income of € 148.1 Million and € 32.1 Million, Respectively

H1-25 Revenue and Net Income of € 292.2 Million and € 63.6 Million, Respectively

DUIVEN, the Netherlands, July 24, 2025 (GLOBE NEWSWIRE) — BE Semiconductor Industries N.V. (the “Company” or “Besi”) (Euronext Amsterdam: BESI; OTC markets: BESIY), a leading manufacturer of assembly equipment for the semiconductor industry, today announced its results for the second quarter and first half year ended June 30, 2025.

Key Highlights Q2-25

Revenue of € 148.1 million grew 2.8% vs. Q1-25 and was within prior guidance due primarily to higher die attach shipments for mainstream computing applications. Revenue decreased 2.1% vs. Q2-24 principally due to weakness in mobile end markets partially offset by growth in hybrid bonding shipments
Orders of € 128.0 million decreased 3.0% vs. Q1-25 due primarily due to ongoing weakness in mainstream computing and mobile applications partially offset by significant new orders for TCB Next systems. Orders declined 30.9% vs. Q2-24 due primarily to lower orders for hybrid bonding and mobile applications
Gross margin of 63.3% decreased by 0.3 points vs. Q1-25 and by 1.7 points vs. Q2-24 due to a less favorable product mix and adverse forex effects from a decline in the USD versus the euro
Net income of € 32.1 million increased 1.9% vs. Q1-25. Versus Q2-24, net income decreased 23.4% due principally to lower revenue and gross margins, increased R&D spending and higher interest expense related to the Senior Note offering in July 2024. Q2-25 net margin decreased to 21.6% vs. 21.9% in Q1-25 and 27.7% in Q2-24
Cash and deposits of € 490.2 million at June 30, 2025 increased by 90.6% vs. June 30, 2024 due to the Senior Note offering in July 2024

Key Highlights H1-25

Revenue of € 292.2 million decreased 1.8% vs. H1-24 principally due to ongoing weakness in mainstream assembly markets, particularly for mobile and automotive applications, partially offset by increased shipments of hybrid bonding systems
Orders of € 259.9 million were down 17.0% vs. H1-24 primarily due to lower bookings for hybrid bonding systems and for mobile applications, partially offset by increased die attach orders by Asian subcontractors for AI related computing applications and new orders for Besi’s TCB Next system
Gross margin of 63.4% decreased by 2.7 points versus H1-24 primarily due to a less favorable product mix and adverse forex effects
Net income of € 63.6 million decreased € 12.3 million, or 16.2%, vs. H1-24 primarily due to lower revenue and gross margin and higher interest expense. Similarly, Besi’s net margin decreased to 21.7% versus 25.5% in H1-24

Q3-25 Outlook

Revenue is expected to decline 5-15% vs. the € 148.1 million reported in Q2-25
Orders are expected to increase significantly vs. Q2-25 primarily due to increased demand for hybrid bonding systems and die attach systems for AI-related 2.5D computing applications
Gross margin is expected to range between 60-62% and decrease vs. the 63.3% realized in Q2-25 primarily due to adverse forex effects from a significantly lower USD versus the euro
Operating expenses are expected to be flat +/- 5% vs. € 50.2 million in Q2-25

(€ millions, except EPS)	Q2- 2025	Q1- 2025	Δ	Q2- 2024	Δ	HY1- 2025	HY1- 2024	Δ
Revenue	148.1	144.1	+2.8%	151.2	-2.1%	292.2	297.5	-1.8%
Orders	128.0	131.9	-3.0%	185.2	-30.9%	259.9	313.0	-17.0%
Gross Margin	63.3%	63.6%	-0.3	65.0%	-1.7	63.4%	66.1%	-2.7
Operating Income	43.5	39.3	+10.7%	49.3	-11.8%	82.8	90.0	-8.0%
Net Income	32.1	31.5	+1.9%	41.9	-23.4%	63.6	75.9	-16.2%
Net Margin	21.6%	21.9%	-0.3	27.7%	-6.1	21.7%	25.5%	-3.8
EPS (basic)	0.40	0.40	–	0.53	-24.5%	0.80	0.97	-17.5%
EPS (diluted)	0.40	0.40	–	0.53	-24.5%	0.80	0.97	-17.5%
Net Cash and Deposits	-36.0*	159.4	-122.6%	74.4*	-148.4%	-36.0*	74.4*	-148.4%

* Reflects cash dividend payments of € 172.8 million and € 171.5 million in Q2-25 and Q2-24, respectively.

Richard W. Blickman, President and Chief Executive Officer of Besi, commented:
“Besi reported Q2-25 revenue, operating income and net income of € 148.1 million, € 43.5 million and € 32.1 million, respectively. Revenue and operating results were at the midpoint of prior guidance in a mainstream assembly equipment market still affected by soft demand for mobile and automotive applications. Market development in Q2-25 was also affected by increased customer caution due to global trade tensions. Q2-25 revenue and operating income grew sequentially by 2.8% and 10.7%, respectively, as we saw an increase in shipments to Asian subcontractors for AI-related datacenter applications combined with a 4.3% decrease in sequential operating expenses. Orders for the quarter decreased 3.0% versus Q1-25 as weakness in mainstream computing and mobile applications was partially offset by new orders for Besi’s TCB Next system.

For the first half year, revenue of € 292.2 million decreased 1.8% versus H1-24 reflecting broader assembly market trends as weakness in mobile and, to a lesser extent, automotive end markets was significantly offset by growth in hybrid bonding revenue which more than doubled versus H1-24. Orders decreased by 17.0% due to the timing of customer orders for hybrid bonding systems and a lack of new product introductions in high-end smartphones. H1-25 operating and net income decreased by 8.0% and 16.2%, respectively, versus H1-24 primarily due to lower revenue and a 2.7-point reduction in gross margin from a less favorable product mix, adverse net forex effects from the decline of the USD versus the euro and increased interest expense related to Besi’s Senior Note issuance in July 2024. Liquidity remained strong with cash and deposits of € 490.2 million at June 30, 2025 increasing by 90.6% vs. June 30, 2024 due to the Senior Note offering in July 2024.

We believe the outlook for Besi’s business in H2-25 has improved in recent weeks based on customer feedback and order trends subsequent to quarter end. Expanded capex budgets for AI infrastructure have been confirmed by each of the leading industry players in recent quarters with new use cases emerging in cloud and edge computing along with co-packaged optics. Advanced packaging is one of the key ways to achieve AI system differentiation, develop innovative consumer edge AI devices and provide the most energy-efficient data center performance. Advanced packaging demand for AI applications remains strong given new device introductions expected in 2026-2028. We believe we are well positioned in the fastest-growing advanced packaging market segments including data centers, photonics, AI-enhanced PCs and mobile devices and EVs/autonomous driving.

As such, orders for our hybrid bonding systems are expected to increase significantly in H2-25 versus both H1-25 and H2-24 in both advanced logic and HBM4 memory applications as customers advance their technology roadmaps for new product introductions in 2026 and 2027. Customer interest in our TCB Next system for both memory and logic applications has also expanded significantly. TCB Next cycle times have improved with shipments anticipated in Q4-25 from orders received in Q2-25. We also anticipate increased orders for 2.5D advanced packaging systems for AI-related datacenter applications from both global IDMs and Asian subcontractors. In addition, there are early signs of a recovery in our mainstream assembly markets principally related to increased demand by Asian subcontractors for high-end mobile applications and high-performance computing applications for consumer markets.

For Q3-25, we anticipate that revenue will decline by approximately 5-15% versus Q2-25. However, orders for Q3-25 are expected to increase significantly on a sequential basis due to increased demand for hybrid bonding and 2.5D advanced packaging applications. Besi’s gross margin is anticipated to decline to a range of 60-62% in Q3-25 due to the adverse impact of a 12.8% decline in the value of the USD versus the euro in the first half of 2025. Operating expenses in Q3-25 are expected to be flat plus or minus 5% versus Q2-25 despite increased R&D spending.”

Share Repurchase Activity
During the quarter, Besi spent € 20.7 million to repurchase approximately 196,000 of its ordinary shares at an average price of € 105.80 per share. As of June 30, 2025, € 72.2 million of the current € 100 million share repurchase authorization has been used to repurchase approximately 644,000 ordinary shares at an average price of € 111.96 per share. As of June 30, 2025, Besi held approximately 2.0 million shares in treasury, equivalent to 2.5% of shares outstanding.

Investor and media conference call A conference call and webcast for investors and media will be held today at 4:00 pm CET (10:00 am EDT). To register for the conference call and/or to access the audio webcast and webinar slides, please visit www.besi.com.
Important Dates • Publication Q3/Nine-month results • Publication Q4/Full year results	October 23, 2025 February 2026

Basis of Presentation
The accompanying Consolidated Financial Statements have been prepared in accordance with International Financial Reporting Standards (“IFRS”) as adopted by the European Union. Reference is made to the Summary of Significant Accounting Policies to the Notes to the Consolidated Financial Statements as included in our 2024 Annual Report, which is available on www.besi.com.

Contacts:
Richard W. Blickman, President & CEO
Andrea Kopp-Battaglia, Senior Vice President Finance
Claudia Vissers, Executive Secretary/IR coordinator
Edmond Franco, VP Corporate Development/US IR coordinator
Michael Sullivan, Investor Relations
Tel. (31) 26 319 4500
investor.relations@besi.com

About Besi
Besi is a leading manufacturer of assembly equipment supplying a broad portfolio of advanced packaging solutions to the semiconductor and electronics industries. We offer customers high levels of accuracy, reliability and throughput at a lower cost of ownership with a principal focus on wafer level and substrate assembly solutions. Customers are primarily leading semiconductor manufacturers, foundries, assembly subcontractors and electronics and industrial companies. Besi’s ordinary shares are listed on Euronext Amsterdam (symbol: BESI). Its Level 1 ADRs are listed on the OTC markets (symbol: BESIY) and its headquarters are located in Duiven, the Netherlands. For more information, please visit our website at www.besi.com.

Caution Concerning Forward-Looking Statements
This press release contains statements about management’s future expectations, plans and prospects of our business that constitute forward-looking statements, which are found in various places throughout the press release, including, but not limited to, statements relating to expectations of orders, net sales, product shipments, expenses, timing of purchases of assembly equipment by customers, gross margins, operating results and capital expenditures. The use of words such as “anticipate”, “estimate”, “expect”, “can”, “intend”, “believes”, “may”, “plan”, “predict”, “project”, “forecast”, “will”, “would”, and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. The financial guidance set forth under the heading “Outlook” contains such forward-looking statements. While these forward-looking statements represent our judgments and expectations concerning the development of our business, a number of risks, uncertainties and other important factors could cause actual developments and results to differ materially from those contained in forward-looking statements, including any inability to maintain continued demand for our products; failure of anticipated orders to materialize or postponement or cancellation of orders, generally without charges; the volatility in the demand for semiconductors and our products and services; the extent and duration of the COVID-19 and other global pandemics and the associated adverse impacts on the global economy, financial markets, global supply chains and our operations as well as those of our customers and suppliers; failure to develop new and enhanced products and introduce them at competitive price levels; failure to adequately decrease costs and expenses as revenues decline; loss of significant customers, including through industry consolidation or the emergence of industry alliances; lengthening of the sales cycle; acts of terrorism and violence; disruption or failure of our information technology systems; consolidation activity and industry alliances in the semiconductor industry that may result in further increased customer concentration, inability to forecast demand and inventory levels for our products; the integrity of product pricing and protection of our intellectual property in foreign jurisdictions; risks, such as changes in trade regulations, conflict minerals regulations, currency fluctuations, political instability and war, associated with substantial foreign customers, suppliers and foreign manufacturing operations, particularly to the extent occurring in the Asia Pacific region where we have a substantial portion of our production facilities; potential instability in foreign capital markets; the risk of failure to successfully manage our diverse operations; any inability to attract and retain skilled personnel, including as a result of restrictions on immigration, travel or the availability of visas for skilled technology workers.

In addition, the United States and other countries have recently levied tariffs and taxes on certain goods and could significantly increase or impose new tariffs on a broad array of goods. They have imposed, and may continue to impose, new trade restrictions and export regulations. Increased or new tariffs and additional taxes, including any retaliatory measures, trade restrictions and export regulations, could negatively impact end-user demand and customer investment in semiconductor equipment, increase Besi’s supply chain complexity and manufacturing costs, decrease margins, reduce the competitiveness of our products or restrict our ability to sell products, provide services or purchase necessary equipment and supplies. Any or all of the foregoing factor could have a material and adverse effect on our business, results of operations or financial condition. In addition, investors should consider those additional risk factors set forth in Besi’s annual report for the year ended December 31, 2024 and other key factors that could adversely affect our businesses and financial performance contained in our filings and reports, including our statutory consolidated statements. We expressly disclaim any obligation to update or alter our forward-looking statements whether as a result of new information, future events or otherwise.

Consolidated Statements of Operations

(€ thousands, except share and per share data)	Three Months Ended June 30, (unaudited)		Six Months Ended June 30, (unaudited)
	2025	2024	2025	2024

Revenue	148,101	151,176	292,246	297,490
Cost of sales	54,410	52,908	106,833	100,951

Gross profit	93,691	98,268	185,413	196,539

Selling, general and administrative expenses	30,629	30,514	63,587	70,155
Research and development expenses	19,571	18,503	39,073	36,422

Total operating expenses	50,200	49,017	102,660	106,577

Operating income	43,491	49,251	82,753	89,962

Financial expense, net	5,693	1,045	8,652	1,634

Income before taxes	37,798	48,206	74,101	88,328

Income tax expense	5,748	6,261	10,545	12,404

Net income	32,050	41,945	63,556	75,924

Net income per share – basic	0.40	0.53	0.80	0.97
Net income per share – diluted	0.40	0.53	0.80	0.97
Number of shares used in computing per share amounts: – basic – diluted ¹	79,184,703 81,288,679	79,281,533 81,941,471	79,206,267 81,405,308	78,231,430 82,023,808

______________________
¹⁾ The calculation of diluted income per share assumes the exercise of equity settled share based payments and the conversion of all Convertible Notes outstanding

Consolidated Balance Sheets

(€ thousands)	June 30, 2025 (unaudited)	March 31, 2025 (unaudited)	December 31, 2024 (audited)
ASSETS

Cash and cash equivalents	330,170	405,736	342,319
Deposits	160,000	280,000	330,000
Trade receivables	178,615	170,440	181,862
Inventories	96,977	103,836	103,285
Other current assets	53,821	46,099	40,927

Total current assets	819,583	1,006,111	998,393

Property, plant and equipment	51,089	42,868	44,773
Right of use assets	13,799	15,161	15,726
Goodwill	44,857	45,610	46,010
Other intangible assets	103,933	98,622	96,677
Investment property	5,206	–	–
Deferred tax assets	27,494	29,240	31,567
Other non-current assets	1,303	1,347	1,330

Total non-current assets	247,681	232,848	236,083

Total assets	1,067,264	1,238,959	1,234,476


Bank overdraft	–	840	776
Current portion of long-term debt	–	–	2,042
Trade payables	47,458	46,598	52,630
Other current liabilities	95,530	111,170	111,531

Total current liabilities	142,988	158,608	166,979

Long-term debt	526,184	525,493	525,653
Lease liabilities	10,873	11,770	12,350
Deferred tax liabilities	10,523	10,416	10,320
Other non-current liabilities	19,915	19,328	17,910

Total non-current liabilities	567,495	567,007	566,233

Total equity	356,781	513,344	501,264

Total liabilities and equity	1,067,264	1,238,959	1,234,476

Consolidated Cash Flow Statements

(€ thousands)	Three Months Ended June 30, (unaudited)		Six Months Ended June 30, (unaudited)
	2025	2024	2025	2024

Cash flows from operating activities:

Income before income tax	37,798	48,206	74,101	88,328

Depreciation and amortization	7,458	6,980	14,765	13,793
Share based payment expense	4,342	6,916	8,783	23,816
Financial expense, net	5,694	1,045	8,653	1,634

Changes in working capital	(11,032)	(46,694)	(13,145)	(49,945)
Interest (paid) received	3,726	3,893	839	5,062
Income tax paid	(21,988)	(15,428)	(23,563)	(17,517)

Net cash provided by operating activities	25,998	4,918	70,433	65,171

Cash flows from investing activities:
Capital expenditures	(11,764)	(3,216)	(13,497)	(8,866)
Capitalized development expenses	(7,320)	(4,912)	(14,057)	(9,575)
Acquisition of investment property	(5,206)	–	(5,206)	–
Repayments of (investments in) deposits	120,000	85,000	170,000	95,000

Net cash provided by (used in) investing activities	95,710	76,872	137,240	76,559

Cash flows from financing activities:
Proceeds from (payments of) bank lines of credit	(840)	–	(776)	–
Proceeds from (payments of) debt	(2,042)	–	(2,042)	–
Payments of lease liabilities	(1,111)	(1,063)	(2,225)	(2,106)
Purchase of treasury shares	(20,721)	(14,810)	(42,785)	(29,589)
Dividends paid to shareholders	(172,811)	(171,534)	(172,811)	(171,534)

Net cash used in financing activities	(197,525)	(187,407)	(220,639)	(203,229)

Net increase (decrease) in cash and cash equivalents	(75,817)	(105,617)	(12,966)	(61,499)
Effect of changes in exchange rates on cash and cash equivalents	251	798	817	256
Cash and cash equivalents at beginning of the period	405,736	232,053	342,319	188,477

Cash and cash equivalents at end of the period	330,170	127,234	330,170	127,234

Supplemental Information (unaudited) (€ millions, unless stated otherwise)

REVENUE	Q2-2025			Q1-2025			Q4-2024			Q3-2024			Q2-2024			Q1-2024

Per geography:
China	37.5		25%	40.5		28%	42.8		28%	45.5		29%	57.5		38%	58.5		40%
Asia Pacific (excl. China)	66.1		45%	56.3		39%	53.5		35%	51.6		33%	54.1		36%	43.6		30%
EU / USA / Other	44.5		30%	47.3		33%	57.1		37%	59.5		38%	39.6		26%	44.2		30%

Total	148.1		100%	144.1		100%	153.4		100%	156.6		100%	151.2		100%	146.3		100%

ORDERS	Q2-2025			Q1-2025			Q4-2024			Q3-2024			Q2-2024			Q1-2024

Per geography:
China	44.4		35%	39.7		30%	40.4		33%	45.4		30%	43.3		23%	51.1		40%
Asia Pacific (excl. China)	60.7		47%	51.7		39%	38.8		32%	69.3		46%	72.0		39%	45.0		35%
EU / USA / Other	22.9		18%	40.5		31%	42.7		35%	37.1		24%	69.9		38%	31.6		25%

Total	128.0		100%	131.9		100%	121.9		100%	151.8		100%	185.2		100%	127.7		100%

Per customer type:
IDM	71.9		56%	48.1		36%	61.2		50%	84.5		56%	122.4		66%	53.5		42%
Foundries/Subcontractors	56.1		44%	83.8		64%	60.7		50%	67.3		44%	62.8		34%	74.2		58%

Total	128.0		100%	131.9		100%	121.9		100%	151.8		100%	185.2		100%	127.7		100%

HEADCOUNT	June 30, 2025			Mar 31, 2025			Dec 31, 2024			Sep 30, 2024			Jun 30, 2024			Mar 31, 2024

Fixed staff (FTE)	1,831		88%	1,820		88%	1,812		93%	1,807		87%	1,783		86%	1,760		88%
Temporary staff (FTE)	239		12%	251		12%	134		7%	271		13%	279		14%	236		12%

Total	2,070		100%	2,071		100%	1,946		100%	2,078		100%	2,062		100%	1,996		100%

OTHER FINANCIAL DATA	Q2-2025			Q1-2025			Q4-2024			Q3-2024			Q2-2024			Q1-2024

Gross profit	93.7		63.3%	91.7		63.6%	98.2		64.0%	101.2		64.7%	98.3		65.0%	98.3		67.2%


Selling, general and admin expenses:
As reported	30.6		20.7%	33.0		22.9%	28.6		18.6%	27.3		17.4%	30.5		20.2%	39.6		27.1%
Share-based compensation expense	(4.3	)	-2.9%	(4.4	)	-3.1%	(2.9	)	-1.8%	(3.4	)	-2.1%	(6.9	)	-4.6%	(16.9	)	-11.6%

SG&A expenses as adjusted	26.3		17.8%	28.6		19.8%	25.7		16.8%	23.9		15.3%	23.6		15.6%	22.7		15.5%


Research and development expenses:
As reported	19.6		13.2%	19.5		13.5%	19.0		12.4%	18.9		12.1%	18.5		12.2%	17.9		12.2%
Capitalization of R&D charges	7.3		4.9%	6.7		4.6%	5.4		3.5%	4.4		2.8%	4.9		3.2%	4.7		3.2%
Amortization of intangibles	(3.9	)	-2.6%	(3.7	)	-2.5%	(3.9	)	-2.5%	(3.9	)	-2.5%	(3.6	)	-2.3%	(3.6	)	-2.4%

R&D expenses as adjusted	23.0		15.5%	22.5		15.6%	20.5		13.4%	19.4		12.4%	19.8		13.1%	19.0		13.0%


Financial expense (income), net:
Interest income	(3.4	)		(5.0	)		(5.1	)		(5.2	)		(3.0	)		(4.0	)
Interest expense	6.4			6.3			6.1			5.7			2.1			2.8
Net cost of hedging	2.3			1.8			2.0			1.9			1.4			1.6
Foreign exchange effects, net	0.4			(0.1	)		0.9			(0.8	)		0.5			0.2

Total	5.7			3.0			3.9			1.6			1.0			0.6


Operating income (as % of net sales)	43.5		29.4%	39.3		27.2%	50.6		33.0%	55.1		35.2%	49.3		32.6%	40.7		27.8%

EBITDA (as % of net sales)	50.9		34.4%	46.6		32.3%	58.0		37.8%	62.4		39.8%	56.2		37.2%	47.5		32.5%

Net income (as % of net sales)	32.1		21.6%	31.5		21.9%	59.3		38.6%	46.8		29.9%	41.9		27.7%	34.0		23.2%

Effective tax rate	15.2%			13.2%			-27.0%			12.6%			13.0%			15.3%


Income per share
Basic	0.40			0.40			0.75			0.59			0.53			0.44
Diluted	0.40			0.40			0.74			0.59			0.53			0.44

Average shares outstanding (basic)	79,184,703			79,228,071			79,402,192			79,630,787			79,281,533			77,181,326

Shares repurchased
Amount	20.7			22.1			22.4			27.8			14.8			14.8
Number of shares	195,647			186,869			198,450			230,807			105,042			101,049


Gross cash	490.2			685.7			672.3			637.4			257.2			447.1

Net cash	(36.0	)		159.4			143.8			110.7			74.4			180.9

The MIL Network –

July 24, 2025

MIL-OSI United Kingdom: New Defence Medical Services senior appointments announced
Source: United Kingdom – Executive Government & Departments

News story

New Defence Medical Services senior appointments announced

His Majesty the King has approved three new senior appointments in the Defence Medical Services.
Brigadier Phil Carter KHP OStJ. MOD Crown Copyright

His Majesty the King has approved the following three senior appointments in the Defence Medical Services (DMS):

Brigadier Phil Carter KHP OStJ as the next Surgeon General (SG), in the rank of Major General, from August 2025

Brigadier Antony Finn as the next Director Medical Personnel and Training in the rank of Major General, from November 2025

Air Commodore Darren Ellison KHP as the next Director Defence Healthcare in the rank of Air Vice-Marshal, from June 2026

All three have had long and distinguished careers delivering health care to the Armed Forces as part of the Defence Medical Services.

Brigadier Carter has undertaken a variety of deployments throughout his career, including to Northern Ireland, Kosovo, Iraq, Afghanistan and Sierra Leon. In 2008, he was appointed as the first Commanding Officer of the Royal Centre for Defence Medicine Clinical Unit. He later became Commander Medical HQ in the British Army’s 1(UK) Division and Commander Defence Primary Healthcare, before being appointed Head of Army Health in 2024.

As Surgeon General, Brigadier Phil Carter will be responsible for:

providing specialist health and medical support advice to the Military Strategic Headquarters on behalf of the Director General of the Defence Medical Services.

Force Design within the Defence Medical Services, ensuring the readiness of the medical capability supporting the Armed Forces

directing medical research, medical innovation, and continuous quality improvement in Defence

coordinating our international technical engagement with medical partners across NATO and the UK’s broader alliances

Brigadier Phil Carter said:

At a time of reform across Defence, to be entrusted with the making sure that our armed forces deployed on operations have the medical support they need is a significant responsibility. I am looking forward to the challenge and enormously grateful that I will be working with such a dedicated and innovative specialist team.

Brigadier Antony Finn. MOD Crown Copyright

Brigadier Antony Finn qualified as a General Practitioner in 2003. Following deployments to Afghanistan, Kenya and Iraq, in July 2010 he assumed command of 1 Medical Regiment and deployed to Afghanistan as Commanding Officer of the Close Support Medical Regiment. In 2012 he was promoted to Colonel as Assistant Director of Medical Operational Capability, before promoting to Brigadier in March 2019 as Commander 2nd Medical Brigade. From 2021-24 he was Head of Army Healthcare, and since August 2024 has been Commander of the Joint Hospital Group.

As part of his role as Director Medical Personnel and Training, Brigadier Antony Finn will be responsible for:

leading strategic medical workforce planning for DMS, including training and placement, to support to support Strategic Command (soon to be Cyber & Specialist Operations Command) and wider Defence’s people plan people plan and operational needs

overseeing the development and delivery of high-quality individual training, to all entitled personnel involved in medical support to Defence

delivering an optimally prepared and suitably qualified and experienced personnel (SQEP) medical workforce through the provision of high-quality placements within both the NHS and other providers

Brigadier Finn, said:

I am deeply honoured to be selected to be the next Director of Medical Personnel and Training. The Strategic Defence Review offers unprecedented opportunities for the Defence Medical Services and our partners. I look forward to exploiting these for the benefit of our patients, the medical workforce, Defence and beyond.

Air Commodore Darren Ellison KHP. MOD Crown Copyright

Air Commodore Ellison joined the RAF in 1999 as a medical cadet and has undertaken a variety of roles including deployments to both Iraq and Afghanistan. As a Wing Commander he was appointed as Officer Commanding Tactical Medical Wing in 2018, and then as Group Captain he served as Regional Clinical Director, Defence Primary Healthcare (DPHC) Northern Ireland Wales and West. In 2022 he was appointed Commanding Officer of the RAF Centre of Aviation Medicine, and then promoted to Air Commodore in Summer 2023 when he became Head Healthcare and Strategic Plans in HQ Defence Medical Services before being appointed Head of the Royal Air Force Medical Services and Head Health (RAF) in November 2024.

As part of his role as Director Defence Healthcare, Air Commodore Ellison will be responsible for:

directing, overseeing and commissioning both primary and secondary military healthcare services in support of Defence outputs

directing, managing and delivering primary healthcare and dentistry service delivery in the UK and all overseas bases

maximising the medical employability and deployability of Armed Forces personnel across Defence

Air Commodore Darren Ellison said:

It is an honour and a privilege to be appointed as the next Director Healthcare for the Defence Medical Services. I look forward to working with both the whole DMS team, and colleagues across the Military Commands, to shape and deliver a service that ensures our patients continue to receive the highest standard of safe, effective healthcare they rightly deserve, and we provide the critically enabling healthcare outputs that meet the current and future needs of Defence.

Congratulating all three on their appointments, General Sir Jim Hockenhull, Commander Strategic Command (soon to be Cyber & Specialist Operations Command) said:

I am delighted to see these three promotions within the Defence Medical Services. Brigadier Philip Carter’s appointment as the next Surgeon General, on appointment to Major General, Brigadier Antony Finn’s appointment as the next Director Medical Personnel and Training, on appointment to Major General and Air Commodore Darren Ellison’s appointment as the next Director Defence Healthcare, on appointment to Air Vice-Marshal. These selections will enable all to provide considerable support within DMS’s transformation journey and the implementation of the Strategic Defence Review (SDR), I look forward to working with them and congratulate them on their promotion.

Director General of the Defence Medical Services, Air Marshal Clare Walton added:

I am delighted to see the announcement of these three crucial appointments. Brigadier Phil Carter, Brigadier Tony Finn and Air Commodore Darren Ellison all have extensive experience gained from multiple roles in the Defence Medical Services and are exceptionally well-placed to take on these critical positions. At a time of global volatility, their leadership will be pivotal in driving the Strategic Defence Review (SDR) forward to implementation, shaping the medical capabilities of the future, and embedding the One Medical Mindset, ensuring that Armed Forces personnel remain fit to fight and are fully supported in their recovery to fitness.

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Updates to this page

Published 24 July 2025
MIL OSI United Kingdom –
July 24, 2025
MIL-OSI Russia: Workshops and a tour of the plant: how the Summer School of Engineering and Economics 2025 is going

Translation. Region: Russian Federal

Source: Official website of the State –

An important disclaimer is at the bottom of this article.

On July 22, a busy lecture day was held for the participants of the Summer Engineering and Economics School – 2025. Young scientists from the GGNTU named after academician M.D. Millionshchikov – a partner of the State University of Management in the project of the Advanced Engineering School “RosGeoTech” – held 2 master classes.

Assistant of the Department of Automation of Technological Processes and Production of the Institute of Power Engineering Ayub Sadulaev spoke about smart control of the water level as part of the development of a laboratory complex based on OWEN. The audience learned details about the development device: levels of automated control systems, increasing efficiency through automation of processes, features of the control system and the use of the laboratory complex in real conditions.

Assistant of the Department of Technological Machines and Equipment of the Institute of Oil and Gas Yusup Taramov presented the engineering solutions of the university, created on the basis of the engineering development center of GGNTU, and highlighted their role in the scientific and technical process. The speaker noted that the Engineering Development Center solves real engineering problems and trains a new generation of engineers in the areas of the automotive industry, mechanical engineering and unmanned aircraft systems. Yusup Taramov also spoke about examples of successful projects implemented by students and the experience of cooperation with local enterprises.

The staff of the Engineering Project Management Center and the Reverse Engineering Laboratory of the State University of Management conducted practical training for students as part of the activities of the State University of Management Student Design Bureau “Innovative Solutions”.

During the practical lesson “Car Structure”, which was conducted by the Laboratory specialist Denis Yudin, the participants not only understood the design of modern cars, but also discussed the advantages and disadvantages of different types of basic car components by design.

Vladimir Kutkov and Nikita Akinshin, specialists from the Engineering Project Management Center, spoke about the history of the development of unmanned aircraft systems, the most popular and universal designs of modern drones, the features of intelligent systems, and the autonomy of UAS during the practical course “Device of Unmanned Aerial Vehicles.”

On July 23, participants of the Summer Engineering and Economics School 2025 visited the Demikhovsky Machine-Building Plant (JSC DMZ), which is part of JSC Transmashholding.

The guests were greeted by the plant’s CEO Vladimir Chekalin and HR and Transformation Director Yulia Smirnova, who spoke about the development of the enterprise, its products and the current state of production. In 2025, the Demikhovsky Machine-Building Plant celebrates its 90th anniversary since its foundation. Today, DMZ is the leading enterprise for the production of electric trains in Russia. The plant produces EP2DM DC electric trains and EP3D AC electric trains. The trains manufactured by the enterprise are successfully operated in all climatic zones of the Russian Federation, as well as in the CIS countries.

At the Exhibition Center, the excursion participants learned about the history of the Demikhovsky Machine-Building Plant, seeing documents, awards, photographs of events, employees, veterans of JSC DMZ, models of electric trains and narrow-gauge rolling stock. A unique exhibit of the museum is an interactive miniature railway, reflecting the geography of the operation of DMZ electric trains. It recreates natural landscapes and exact copies of railway stations in the regions where electric trains manufactured at the plant run – Moscow Region, the Far East, Armenia and Kazakhstan. The model presents real regions of operation and rolling stock, which is used in these areas.

Young scientists visited production shops: mechanical assembly, electrical installation, welding, wagon assembly, repair and others. In addition to the production of wagons and electric trains, the plant carries out major repairs of passenger rolling stock, manufactures wheel sets for metro cars, electric trains and rail buses.

Excursions to production facilities are traditionally an integral part of the program of the engineering and economics school. A visit to the Demikhovsky Machine-Building Plant, organized with the support and participation of the TMH Corporate University, allowed young scientists to see the work of an enterprise in the real sector of the economy, immerse themselves in the production environment and get acquainted with modern technologies and processes.

The opening of the “Summer Engineering and Economics School – 2025” was reported in this article.

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

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MIL OSI Russia News –

July 24, 2025
MIL-OSI: Toobit Launches Flagship International Futures Tournament (TIFT) with 3,000,000 USDT Prize Pool
Source: GlobeNewswire (MIL-OSI)

GEORGE TOWN, Cayman Islands, July 24, 2025 (GLOBE NEWSWIRE) — Toobit, the award-winning global cryptocurrency exchange, today announces the official launch of its highly anticipated Toobit International Futures Tournament (TIFT). Featuring a massive 3,000,000 USDT in total prizes, TIFT is set to be one of the most exhilarating trading competitions of the year, inviting top-tier traders from across the globe to put their strategies to the test and claim their share of the monumental prize pool.

Traders can register now to take advantage of exclusive early bird incentives. Participants who register early will receive a 10 USDT sign-up bonus from a 20,000 USDT prize pool. An additional 20 USDT bonus is available for early registrants who achieve a futures trading volume exceeding 30,000 USDT during the tournament, drawn from a 30,000 USDT pool. These bonuses are allocated on a first-come, first-served basis.

TIFT offers a dynamic competition structure designed to ignite the competitive spirit in every trader, featuring intense team and individual challenges. Beyond the lucrative prizes, TIFT offers an unparalleled platform for traders to benchmark their skills, learn from top performers, and elevate their trading strategies in a high-stakes, real-time environment.

Here’s what TIFT has in store:

Team Expedition

Unite with a squad and strategize for a share of the 1,500,000 USDT prize pool. Rewards are distributed among Captains and top-performing team members.

Solo Summit

Climb the leaderboard and conquer the 600,000 USDT prize pool by outperforming the competition based on trading volume.

Climber’s Cache

Participate in daily draws to win from a 790,000 USDT pool of bonuses, including USDT, DOGE, TON, and exclusive Toobit merchandise.

Early Bird & Team Captain Incentives

Get in early and lead the charge. An additional 100,000 USDT is allocated for early registrants and Team Captains.

“We’re thrilled to kick off the Toobit International Futures Tournament,” said Mike Williams, Chief Communication Officer at Toobit. “This competition offers an incredible opportunity for traders to showcase their skills and earn rewards. TIFT is all about fostering a vibrant, competitive, and engaging environment, empowering our community with diverse ways to participate and win. We’re excited to witness the strategies unfold and celebrate the achievements of our participants.”

Key dates to remember:
- Early Bird Registration: July 23, 2025, 10:00 UTC – July 30, 2025, 10:00 UTC
- Team Creation Period: July 23, 2025, 10:00 UTC – August 1, 2025, 23:59 UTC
- User Registration Period: July 23, 2025, 10:00 UTC – August 25, 2025, 10:00 UTC
- Team/Solo Competition Period: August 4, 2025, 00:00 UTC – August 25, 2025, 10:00 UTC
- Climber’s Cache Draw Period: July 23, 2025, 10:00 UTC – August 25, 2025, 10:00 UTC
Register on the TIFT page. For complete rules and prize details, visit the Toobit announcement page.

About Toobit

Toobit is where the future of crypto trading unfolds—an award-winning cryptocurrency derivatives exchange built for those who thrive exploring new frontiers. With deep liquidity and cutting-edge technology, Toobit empowers traders worldwide to navigate the digital asset markets with confidence. We offer a fair, secure, seamless, and transparent trading experience, ensuring every trade is an opportunity to discover what’s next.

For more information about Toobit, visit: Website | X | Telegram | LinkedIn | Discord | Instagram

Contact: Davin C.
Email: market@toobit.com
Website: www.toobit.com

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

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

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/4fa03ae1-03ce-4b08-9d58-abb5c6697641

The MIL Network –
July 24, 2025
MIL-OSI: cBrain positioned as first-mover supporting new U.S. standards for environmental permitting
Source: GlobeNewswire (MIL-OSI)

Press Release no. 6/2025

cBrain positioned as first-mover supporting new U.S. standards for environmental permitting

Copenhagen, July 24, 2025

cBrain (NASDAQ: CBRAIN) today announced that the cBrain F2 Permitting Solution supports the newly established U.S. federal standards for environmental permitting, as defined by the White House Council on Environmental Quality (CEQ). cBrain believes it is among the very first vendors to support the new CEQ standards.

In collaboration with the Danish Environmental Protection Agency (EPA), cBrain has developed a fully digital permitting solution based on the cBrain F2 platform. This solution replaces traditional paper-based applications, reduces case processing times, and enhances both quality and transparency.

As the importance of environmental assessment and permitting grows globally, governments are increasingly requiring robust review and approval processes for infrastructure projects such as roads, bridges, mines, factories, and power plants. This trend creates a significant market opportunity for cBrain.

Earlier this year, as part of its expanded growth strategy, cBrain identified environmental permitting as a key international vertical. The company aims to establish a leading global position in this market with its cBrain F2 Environmental Permitting solution.

To support international scaling, cBrain has formed a dedicated team focused on exporting the F2 Environmental Permitting solution and views environmental permitting as a strategic entry point into the U.S. market.

In April 2025, the White House issued an Executive Order directing all federal agencies to adopt digital technologies to streamline environmental permitting. 30 days later, the White House Council on Environmental Quality (CEQ) released their Permitting Technology Action Plan and introduced a new set of federal data standards for digital permitting systems.

cBrain has rapidly configured its F2 Environmental Permitting solution to align with these standards and, in July 2025, demonstrated the adapted solution to U.S. federal authorities in Washington, D.C.

This early alignment provides a first-mover advantage and cBrain is experiencing an increased interest in its permitting technology as federal and state agencies are seeking to provide answers to political demand for faster permitting through digital modernization.

Best regards

Per Tejs Knudsen, CEO

Inquiries regarding this Press Release may be directed to

Ejvind Jørgensen, CFO & Head of Investor Relations, cBrain A/S, ir@cbrain.com, +45 2594 4973

Attachment
- Press Release no. 062025 (Support of US federal standards for EP)
The MIL Network –
July 24, 2025
MIL-OSI: cBrain positioned as first-mover supporting new U.S. standards for environmental permitting
Source: GlobeNewswire (MIL-OSI)

Press Release no. 6/2025

cBrain positioned as first-mover supporting new U.S. standards for environmental permitting

Copenhagen, July 24, 2025

cBrain (NASDAQ: CBRAIN) today announced that the cBrain F2 Permitting Solution supports the newly established U.S. federal standards for environmental permitting, as defined by the White House Council on Environmental Quality (CEQ). cBrain believes it is among the very first vendors to support the new CEQ standards.

In collaboration with the Danish Environmental Protection Agency (EPA), cBrain has developed a fully digital permitting solution based on the cBrain F2 platform. This solution replaces traditional paper-based applications, reduces case processing times, and enhances both quality and transparency.

As the importance of environmental assessment and permitting grows globally, governments are increasingly requiring robust review and approval processes for infrastructure projects such as roads, bridges, mines, factories, and power plants. This trend creates a significant market opportunity for cBrain.

Earlier this year, as part of its expanded growth strategy, cBrain identified environmental permitting as a key international vertical. The company aims to establish a leading global position in this market with its cBrain F2 Environmental Permitting solution.

To support international scaling, cBrain has formed a dedicated team focused on exporting the F2 Environmental Permitting solution and views environmental permitting as a strategic entry point into the U.S. market.

In April 2025, the White House issued an Executive Order directing all federal agencies to adopt digital technologies to streamline environmental permitting. 30 days later, the White House Council on Environmental Quality (CEQ) released their Permitting Technology Action Plan and introduced a new set of federal data standards for digital permitting systems.

cBrain has rapidly configured its F2 Environmental Permitting solution to align with these standards and, in July 2025, demonstrated the adapted solution to U.S. federal authorities in Washington, D.C.

This early alignment provides a first-mover advantage and cBrain is experiencing an increased interest in its permitting technology as federal and state agencies are seeking to provide answers to political demand for faster permitting through digital modernization.

Best regards

Per Tejs Knudsen, CEO

Inquiries regarding this Press Release may be directed to

Ejvind Jørgensen, CFO & Head of Investor Relations, cBrain A/S, ir@cbrain.com, +45 2594 4973

Attachment
- Press Release no. 062025 (Support of US federal standards for EP)
The MIL Network –
July 24, 2025

Category: Technology

Office of the Governor — Travel Release — Gov. Green to Attend NGA Summer Meeting in Colorado

A rapid shift from high burden country to malaria-free

Note to the editor

New Defence Medical Services senior appointments announced

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