Category: Natural Disasters

  • MIL-OSI: CVR Energy Reports Second Quarter 2025 Results, Announces Leadership Transition Plans

    Source: GlobeNewswire (MIL-OSI)

    • Second quarter net loss attributable to CVR Energy stockholders of $114 million; EBITDA loss of $24 million; adjusted EBITDA of $99 million
    • Second quarter loss per diluted share of $1.14 and adjusted loss per diluted share of 23 cents
    • Prepaid $70 million and $20 million in principal of the Term Loan in June and July 2025, respectively
    • Mark Pytosh to assume role of President, Chief Executive Officer and Director on January 1, 2026, following Dave Lamp retirement; Brett Icahn appointed to the Board of Directors effective August 1, 2025
    • CVR Partners announced a cash distribution of $3.89 per common unit

    SUGAR LAND, Texas, July 30, 2025 (GLOBE NEWSWIRE) — CVR Energy, Inc. (NYSE: CVI, “CVR Energy” or the “Company”) today announced second quarter 2025 net loss attributable to CVR Energy stockholders of $114 million, or $1.14 per diluted share, compared to second quarter 2024 net income attributable to CVR Energy stockholders of $21 million, or 21 cents per diluted share. Adjusted loss for the second quarter of 2025 was 23 cents per diluted share, compared to adjusted earnings per diluted share of 9 cents in the second quarter of 2024. Net loss for the second quarter of 2025 was $90 million, compared to net income of $38 million in the second quarter of 2024. Second quarter 2025 EBITDA loss was $24 million, compared to second quarter 2024 EBITDA of $103 million. Adjusted EBITDA for the second quarter of 2025 was $99 million, compared to adjusted EBITDA of $87 million in the second quarter of 2024.

    “CVR Energy’s 2025 second quarter earnings results for its refining business were impacted by an $89 million unfavorable mark-to-market impact on its outstanding Renewable Fuel Standard obligation as well as reduced throughput volumes while we ran off intermediate inventory following the completion of the planned turnaround at the Coffeyville refinery,” said Dave Lamp, CVR Energy’s President and Chief Executive Officer.

    “CVR Partners achieved solid operating results for the second quarter of 2025, with a combined ammonia production rate of 91 percent,” Mr. Lamp said. “CVR Partners also was pleased to declare a second quarter 2025 cash distribution of $3.89 per common unit.”

    The Company also announced leadership transition plans following Mr. Lamp’s notice of his intent to retire as President and Chief Executive Officer effective December 31, 2025. Mark A. Pytosh, the Company’s Executive Vice President – Corporate Services who also serves as President, Chief Executive Officer and Director of the general partner of CVR Partners, LP (“CVR Partners”), is expected to assume the role of President, Chief Executive Officer and Director of CVR Energy while continuing to serve in those same roles for CVR Partners’ general partner. Mr. Lamp is expected to remain on the Company’s Board of Directors and the board of directors of CVR Partners’ general partner.

    “I would like to thank our employees, communities and stockholders for their support over the past several years. It has been a privilege to have worked closely with our strong management team to drive value throughout the organization, and I look forward to continuing to serve our companies as a member of the Board,” said Mr. Lamp. “Mark has been a strong leader for CVR Partners and for our midstream operations. We have worked closely together for many years, and I am confident he is the right person to build upon the foundations we have laid while driving CVR Energy and CVR Partners into the future.”

    Mr. Pytosh joined the general partner of CVR Partners as a Director in 2011 and became President and Chief Executive Officer in May 2014. In January 2018, Mr. Pytosh was appointed Executive Vice President – Corporate Services of the Company with executive responsibility over the Company’s midstream operations. Prior to joining CVR Partners, Mr. Pytosh held senior financial roles in energy, power, solid waste and investment banking. Mr. Pytosh is expected to remain President, Chief Executive Officer and Director of CVR Partners’ general partner.

    Mr. Pytosh commented, “Dave’s leadership, operating discipline and strong corporate values have inspired the Company. I look forward to building upon Dave’s incredible legacy while leveraging our operating platform and strong management team to position the Company for positive growth and maximizing value for all of our stockholders.”

    On July 28, 2025, the Board appointed Brett Icahn as a director effective August 1, 2025, increasing the Board size to nine members.

    Petroleum Segment

    The Petroleum Segment reported a second quarter 2025 net loss of $137 million and EBITDA loss of $84 million, compared to net income of $18 million and EBITDA of $56 million for the second quarter of 2024. Adjusted EBITDA for the Petroleum Segment was $38 million for the second quarter of 2025, compared to adjusted EBITDA of $37 million for the second quarter of 2024.

    Combined total throughput for the second quarter of 2025 was approximately 172,000 barrels per day (“bpd”) compared to approximately 186,000 bpd of combined total throughput for the second quarter of 2024. Throughput during the current quarter was lower primarily to allow processing of intermediate inventories built during the turnaround at the Coffeyville, Kansas, refinery which began in the first quarter of 2025 and was completed in April 2025.

    Refining margin for the second quarter of 2025 was $35 million, or $2.21 per total throughput barrel, compared to $185 million, or $10.94 per total throughput barrel, during the same period in 2024. Included in our second quarter 2025 refining margin were unfavorable mark-to-market impacts on our outstanding Renewable Fuel Standard (“RFS”) obligation of $89 million, unfavorable inventory valuation impacts of $31 million, and unfavorable unrealized derivative impacts of $2 million primarily related to Canadian crude oil positions. Excluding these items, adjusted refining margin for the second quarter of 2025 was $9.95 per barrel, compared to an adjusted refining margin per barrel of $9.81 for the second quarter of 2024. The increase in adjusted refining margin per barrel was primarily due to an increase in the Group 3 2-1-1 crack spread.

    Renewables Segment

    Effective beginning with the Company’s Annual Report on Form 10-K for the year ended December 31, 2024, and due to the prominence of the renewables business relative to the Company’s overall 2024 performance, we revised our reportable segments to reflect a new reportable segment: Renewables. The Renewables Segment includes the operations of the renewable diesel unit and renewable feedstock pretreater at the refinery in Wynnewood, Oklahoma.

    The Renewables Segment reported second quarter 2025 net loss of $11 million and EBITDA loss of $5 million, compared to net loss of $11 million and EBITDA loss of $5 million for the second quarter of 2024. Adjusted EBITDA loss for the Renewables Segment was $4 million for the second quarter of 2025, compared to adjusted EBITDA loss of $2 million for the second quarter of 2024.

    Total vegetable oil throughput for the second quarter of 2025 was approximately 155,000 gallons per day (“gpd”), compared to approximately 127,000 gpd for the second quarter of 2024.

    Renewables margin was $5 million, or $0.38 per vegetable oil throughput gallon, for the second quarter of 2025 compared to $5 million, or 43 cents per vegetable oil throughput gallon, for the second quarter of 2024. Factors contributing to our second quarter 2025 renewables margin were higher net sales of $13 million resulting from increased production and sales volumes, increased renewable diesel yield due to improved catalyst performance, and increased biomass-based diesel RIN and LCFS credit prices in the current period, partially offset by the loss of the BTC in the current period and a decrease in average CARB ULSD prices of 24 cents per gallon. Higher net sales were partially offset by higher cost of sales of $12 million due to an increase in throughput and production volumes.

    Nitrogen Fertilizer Segment

    The Nitrogen Fertilizer Segment reported net income of $39 million and EBITDA of $67 million on net sales of $169 million for the second quarter of 2025, compared to net income of $26 million and EBITDA of $54 million on net sales of $133 million for the second quarter of 2024.

    Production at CVR Partners, LP’s (“CVR Partners”) fertilizer facilities decreased compared to the second quarter of 2024, producing a combined 197,000 tons of ammonia during the second quarter of 2025, of which 54,000 net tons were available for sale while the rest was upgraded to other fertilizer products, including 321,000 tons of urea ammonia nitrate (“UAN”). During the second quarter of 2024, the fertilizer facilities produced a combined 221,000 tons of ammonia, of which 69,000 net tons were available for sale while the remainder was upgraded to other fertilizer products, including 337,000 tons of UAN.

    For the second quarter 2025, average realized gate prices for ammonia and UAN were up 14 percent and 18 percent, respectively, over the prior year to $593 and $317 per ton, respectively. Average realized gate prices for ammonia and UAN were $520 and $268 per ton, respectively, for the second quarter of 2024.

    Corporate and Other

    The Company reported an income tax benefit of $42 million, or 31.7 percent of loss before income taxes, for the three months ended June 30, 2025, compared to an income tax benefit of $26 million, or (219.7) percent of income before income taxes, for the three months ended June 30, 2024. The increase in income tax benefit was primarily due to a decrease in overall pretax earnings while the change in the effective tax rate was primarily due to changes in pretax earnings attributable to noncontrolling interest and the impact of federal and state tax credits and incentives in relation to overall pretax earnings.

    Cash, Debt and Dividend

    Consolidated cash and cash equivalents were $596 million at June 30, 2025, a decrease of $391 million from December 31, 2024. Consolidated total debt and finance lease obligations were $1.9 billion at June 30, 2025, including $570 million held by the Nitrogen Fertilizer Segment.

    On June 30, 2025, certain of the Company’s subsidiaries (the “Term Loan Borrowers”) prepaid $70 million in principal of the senior secured term loan facility (the “Term Loan”), in addition to required principal and interest payments as set forth in the Term Loan. As a result of this transaction, the Company recognized a $1 million loss on extinguishment of debt in the second quarter of 2025, related to the write-off of unamortized discount and deferred financing costs. Further, on July 25, 2025, the Term Loan Borrowers prepaid an additional $20 million in principal of the Term Loan, plus any accrued and unpaid interest to the redemption date.

    CVR Energy will not pay a cash dividend for the second quarter of 2025.

    Today, CVR Partners announced that the Board of Directors of its general partner declared a second quarter 2025 cash distribution of $3.89 per common unit, which will be paid on August 18, 2025, to common unitholders of record as of August 11, 2025.

    Second Quarter 2025 Earnings Conference Call

    CVR Energy previously announced that it will host its second quarter 2025 Earnings Conference Call on Thursday, July 31, at 1 p.m. Eastern. The Earnings Conference Call may also include discussion of Company developments, forward-looking information and other material information about business and financial matters.

    The second quarter 2025 Earnings Conference Call will be webcast live and can be accessed on the Investor Relations section of CVR Energy’s website at www.CVREnergy.com. For investors or analysts who want to participate during the call, the dial-in number is (877) 407-8291. The webcast will be archived and available for 14 days at https://edge.media-server.com/mmc/p/939p6amw. A repeat of the call also can be accessed for 14 days by dialing (877) 660-6853, conference ID 13754877.

    Forward-Looking Statements
    This news release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Statements concerning current estimates, expectations and projections about future results, performance, prospects, opportunities, plans, actions and events and other statements, concerns, or matters that are not historical facts are “forward-looking statements,” as that term is defined under the federal securities laws. These forward-looking statements include, but are not limited to, statements regarding future: continued safe and reliable operations; drivers of our results; EBITDA and Adjusted EBITDA; management changes; impacts of planned and unplanned downtime; timing of turnarounds and impacts thereof on our results; asset utilization, capture, production volume, throughput, product yield and crude oil gathering rates, including the factors impacting same; cash flow generation; operating income and net sales, including the factors impacting same; refining margin; crack spreads, including the drivers thereof; impact of costs to comply with the RFS and revaluation of our RFS liability; inventory levels and valuation impacts; derivative gains and losses and the drivers thereof; renewable feedstocks; production rates and operations capabilities of our renewable diesel unit, including the ability to return to hydrocarbon service; demand trends; RIN generation levels; benefits of our corporate transformation to segregate our renewables business; access to capital and new partnerships; RIN pricing, including its impact on performance and the Company’s ability to offset the impact thereof; LCFS credit and CARB ULSD pricing; carbon capture and decarbonization initiatives; demand for refined products; ammonia and UAN pricing; global fertilizer industry conditions; grain prices; crop inventory levels; crop and planting levels; production levels and utilization at our nitrogen fertilizer facilities; nitrogen fertilizer sales volumes; ability to and levels to which we upgrade ammonia to other fertilizer products, including UAN; income tax expense and benefits, including the drivers thereof; pretax earnings and our effective tax rate; the availability and impact of tax credits and incentives; use of proceeds under our debt instruments; debt levels; ability to paydown debt, make debt prepayments and terms associated therewith; cash and cash equivalent levels; dividends and distributions, including the timing, payment and amount (if any) thereof; direct operating expenses, capital expenditures, depreciation and amortization; turnaround expense; cash reserves; labor supply shortages, difficulties, disputes or strikes, including the impact thereof; and other matters. You can generally identify forward-looking statements by our use of forward-looking terminology such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “explore,” “evaluate,” “intend,” “may,” “might,” “plan,” “potential,” “predict,” “seek,” “should,” or “will,” or the negative thereof or other variations thereon or comparable terminology. These forward-looking statements are only predictions and involve known and unknown risks and uncertainties, many of which are beyond our control. Investors are cautioned that various factors may affect these forward-looking statements, including (among others) the health and economic effects of any pandemic, demand for fossil fuels and price volatility of crude oil, other feedstocks and refined products; the ability of Company to pay cash dividends and of CVR Partners to make cash distributions; potential operating hazards; costs of compliance with existing or new laws and regulations and potential liabilities arising therefrom; impacts of the planting season on CVR Partners; our controlling shareholder’s intention regarding ownership of our common stock or CVR Partners’ common units; general economic and business conditions; political disturbances, geopolitical instability and tensions; existing and future laws, rulings, policies and regulations, including the reinterpretation or amplification thereof by regulators, and including but not limited to those relating to the environment, climate change, and/or the production, transportation, or storage of hazardous chemicals, materials, or substances, like ammonia; political uncertainty and impacts to the oil and gas industry and the United States economy generally as a result of actions taken by a new administration, including the imposition of tariffs or changes in climate or other energy laws, rules, regulations, or policies; impacts of plant outages; potential operating hazards from accidents, fires, severe weather, tornadoes, floods, wildfires, or other natural disasters; and other risks. For additional discussion of risk factors which may affect our results, please see the risk factors and other disclosures included in our most recent Annual Report on Form 10-K, any subsequently filed Quarterly Reports on Form 10-Q and our other Securities and Exchange Commission (“SEC”) filings. These and other risks may cause our actual results, performance or achievements to differ materially from any future results, performance or achievements expressed or implied by these forward-looking statements. Given these risks and uncertainties, you are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements included in this news release are made only as of the date hereof. CVR Energy disclaims any intention or obligation to update publicly or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except to the extent required by law. The terms of the employment agreement referenced herein are qualified in their entirety by the text of the agreement which will be duly disclosed in the Company’s upcoming filings with the Securities and Exchange Commission.

    About CVR Energy, Inc.
    Headquartered in Sugar Land, Texas, CVR Energy is a diversified holding company primarily engaged in the renewable fuels and petroleum refining and marketing business, as well as in the nitrogen fertilizer manufacturing business through its interest in CVR Partners. CVR Energy subsidiaries serve as the general partner and own approximately 37 percent of the common units of CVR Partners.

    Investors and others should note that CVR Energy may announce material information using SEC filings, press releases, public conference calls, webcasts and the Investor Relations page of its website. CVR Energy may use these channels to distribute material information about the Company and to communicate important information about the Company, corporate initiatives and other matters. Information that CVR Energy posts on its website could be deemed material; therefore, CVR Energy encourages investors, the media, its customers, business partners and others interested in the Company to review the information posted on its website.

    Contact Information:

    Investor Relations

    Richard Roberts
    (281) 207-3205
    InvestorRelations@CVREnergy.com

    Media Relations

    Brandee Stephens
    (281) 207-3516
    MediaRelations@CVREnergy.com

    Non-GAAP Measures

    Our management uses certain non-GAAP performance measures, and reconciliations to those measures, to evaluate current and past performance and prospects for the future to supplement our financial information presented in accordance with accounting principles generally accepted in the United States (“GAAP”). These non-GAAP financial measures are important factors in assessing our operating results and profitability and include the performance and liquidity measures defined below.

    As a result of continuing volatile market conditions and the impacts certain non-cash items may have on the evaluation of our operations and results, the Company began disclosing the Adjusted Refining Margin non-GAAP measure, as defined below, in the second quarter of 2024. We believe the presentation of this non-GAAP measure is meaningful to compare our operating results between periods and better aligns with our peer companies. All prior periods presented have been conformed to the definition below.

    The following are non-GAAP measures we present for the periods ended June 30, 2025 and 2024:

    EBITDA – Consolidated net income (loss) before (i) interest expense, net, (ii) income tax expense (benefit) and (iii) depreciation and amortization expense.

    Petroleum EBITDA, Renewables EBITDA, and Nitrogen Fertilizer EBITDA – Segment net income (loss) before segment (i) interest expense, net, (ii) income tax expense (benefit), and (iii) depreciation and amortization.

    Refining Margin – The difference between our Petroleum Segment net sales and cost of materials and other.

    Adjusted Refining Margin – Refining Margin adjusted for certain significant noncash items and items that management believes are not attributable to or indicative of our underlying operational results of the period or that may obscure results and trends we deem useful.

    Refining Margin and Adjusted Refining Margin, per Throughput Barrel – Refining Margin and Adjusted Refining Margin divided by the total throughput barrels during the period, which is calculated as total throughput barrels per day times the number of days in the period.

    Direct Operating Expenses per Throughput Barrel – Direct operating expenses for our Petroleum Segment divided by total throughput barrels for the period, which is calculated as total throughput barrels per day times the number of days in the period.

    Renewables Margin – The difference between our Renewables Segment net sales and cost of materials and other.

    Adjusted Renewables Margin – Renewables Margin adjusted for certain significant noncash items and items that management believes are not attributable to or indicative of our underlying operational results of the period or that may obscure results and trends we deem useful.

    Renewables Margin and Adjusted Renewables Margin, per Vegetable Oil Throughput Gallon – Renewables Margin and Adjusted Renewables Margin divided by the total vegetable oil throughput gallons for the period, which is calculated as total vegetable oil throughput gallons per day times the number of days in the period.

    Direct Operating Expenses per Vegetable Oil Throughput Gallon – Direct operating expenses for our Renewables Segment divided by total vegetable oil throughput gallons for the period, which is calculated as total vegetable oil throughput gallons per day times the number of days in the period.

    Adjusted EBITDA, Petroleum Adjusted EBITDA, Renewables Adjusted EBITDA, and Nitrogen Fertilizer Adjusted EBITDA – EBITDA, Petroleum EBITDA, Renewables EBITDA, and Nitrogen Fertilizer EBITDA adjusted for certain significant non-cash items and items that management believes are not attributable to or indicative of our underlying operational results of the period or that may obscure results and trends we deem useful.

    Adjusted Earnings (Loss) per Share – Earnings (loss) per share adjusted for certain significant non-cash items and items that management believes are not attributable to or indicative of our on-going operations or that may obscure our underlying results and trends.

    Free Cash Flow – Net cash provided by (used in) operating activities less capital expenditures and capitalized turnaround expenditures.

    We present these measures because we believe they may help investors, analysts, lenders and ratings agencies analyze our results of operations and liquidity in conjunction with our U.S. GAAP results, including but not limited to our operating performance as compared to other publicly traded companies in the refining and fertilizer industries, without regard to historical cost basis or financing methods and our ability to incur and service debt and fund capital expenditures. Non-GAAP measures have important limitations as analytical tools, because they exclude some, but not all, items that affect net earnings and operating income. These measures should not be considered substitutes for their most directly comparable U.S. GAAP financial measures. See “Non-GAAP Reconciliations” included herein for reconciliation of these amounts. Due to rounding, numbers presented within this section may not add or equal to numbers or totals presented elsewhere within this document.

    Factors Affecting Comparability of Our Financial Results

    Petroleum Segment

    Our results of operations for the periods presented may not be comparable with prior periods or to our results of operations in the future due to capitalized expenditures as part of planned turnarounds. Total capitalized expenditures were $24 million and $3 million during the three months ended June 30, 2025 and 2024, respectively, and $190 million and $42 million during the six months ended June 30, 2025 and 2024, respectively.

    CVR Energy, Inc. 
    (all information in this release is unaudited)
     
    Consolidated Statement of Operations Data
     
     
      Three Months Ended
    June 30,
      Six Months Ended
    June 30,
    (in millions, except per share data)   2025       2024       2025       2024  
    Net sales $ 1,761     $ 1,967     $ 3,407     $ 3,829  
    Operating costs and expenses:              
    Cost of materials and other   1,582       1,667       3,099       3,130  
    Direct operating expenses (exclusive of depreciation and
    amortization)
      169       173       324       337  
    Depreciation and amortization   76       70       142       145  
    Cost of sales   1,827       1,910       3,565       3,612  
    Selling, general and administrative expenses (exclusive of
    depreciation and amortization)
      36       28       73       63  
    Depreciation and amortization   2       2       4       4  
    (Gain) loss on asset disposal   (1 )                 1  
    Operating (loss) income   (103 )     27       (235 )     149  
    Other (expense) income:              
    Interest expense, net   (30 )     (19 )     (55 )     (39 )
    Other income, net   1       4       4       8  
    (Loss) income before income tax benefit   (132 )     12       (286 )     118  
    Income tax benefit   (42 )     (26 )     (91 )     (10 )
    Net (loss) income   (90 )     38       (195 )     128  
    Less: Net income attributable to noncontrolling interest   24       17       42       25  
    Net (loss) income attributable to CVR Energy
    stockholders
    $ (114 )   $ 21     $ (237 )   $ 103  
                   
    Basic and diluted (loss) earnings per share $ (1.14 )   $ 0.21     $ (2.36 )   $ 1.02  
    Dividends declared per share $     $ 0.50     $     $ 1.00  
                   
    Adjusted (loss) earnings per share * $ (0.23 )   $ 0.09     $ (0.81 )   $ 0.12  
    EBITDA * $ (24 )   $ 103     $ (85 )   $ 306  
    Adjusted EBITDA * $ 99     $ 87     $ 122     $ 186  
                   
    Weighted-average common shares outstanding – basic and
    diluted
      100.5       100.5       100.5       100.5  
    • See “Non-GAAP Reconciliations” section below.

    Selected Consolidated Balance Sheet Data

    (in millions) June 30, 2025   December 31, 2024
    Cash and cash equivalents $ 596   $ 987
    Working capital (inclusive of cash and cash equivalents)   201     726
    Total assets   3,984     4,263
    Total debt and finance lease obligations, including current portion   1,861     1,919
    Total liabilities   3,318     3,375
    Total CVR stockholders’ equity   466     703
               

    Selected Consolidated Cash Flow Data

      Three Months Ended
    June 30,
      Six Months Ended
    June 30,
    (in millions)   2025       2024       2025       2024  
    Net cash used in:              
    Operating activities $ 176     $ 81     $ (19 )   $ 258  
    Investing activities   (185 )     (74 )     (267 )     (129 )
    Financing activities   (90 )     (65 )     (105 )     (729 )
    Net decrease in cash, cash equivalents, and restricted
    cash
    $ (99 )   $ (58 )   $ (391 )   $ (600 )
                   
    Free cash flow * $ (12 )   $ 7     $ (297 )   $ 128  

    * See “Non-GAAP Reconciliations” section below.

    Selected Segment Data

      Three Months Ended June 30,
        2025       2024
    (in millions) Petroleum   Renewables   Nitrogen Fertilizer   Consolidated   Petroleum   Renewables   Nitrogen Fertilizer   Consolidated
    Net sales $ 1,561     $ 76     $ 169   $ 1,761     $ 1,795   $ 63     $ 133   $ 1,967
    Operating (loss) income   (133 )     (11 )     46     (103 )     10     (11 )     34     27
    Net (loss) income   (137 )     (11 )     39     (90 )     18     (11 )     26     38
    EBITDA *   (84 )     (5 )     67     (24 )     56     (5 )     54     103
                                   
    Capital expenditures (1)                              
    Maintenance $ 14     $ 1     $ 6   $ 21     $ 22   $     $ 4   $ 27
    Growth   9       1       4     15       11     2       1     14
    Total capital expenditures $ 23     $ 2     $ 10   $ 36     $ 33   $ 2     $ 5   $ 41
      Six Months Ended June 30,
        2025       2024
    (in millions) Petroleum   Renewables   Nitrogen Fertilizer   Consolidated   Petroleum   Renewables   Nitrogen Fertilizer   Consolidated
    Net sales $ 3,038     $ 142     $ 311   $ 3,407     $ 3,517   $ 97     $ 261   $ 3,829
    Operating (Loss) Income   (295 )     (11 )     81     (235 )     128     (21 )     54     149
    Net (loss) income   (297 )     (11 )     66     (195 )     145     (20 )     39     128
    EBITDA *   (202 )     1       120     (85 )     227     (9 )     93     306
                                   
    Capital expenditures (1)                              
    Maintenance $ 55     $ 1     $ 10   $ 66     $ 44   $ 1     $ 9   $ 57
    Growth   17       1       6     26       25     9       1     35
    Total capital expenditures $ 72     $ 2     $ 16   $ 92     $ 69   $ 10     $ 10   $ 92

    * See “Non-GAAP Reconciliations” section below.
    (1) Capital expenditures are shown exclusive of capitalized turnaround expenditures.

    Selected Balance Sheet Data

      June 30, 2025   December 31, 2024
    (in millions) Petroleum   Renewables   Nitrogen
    Fertilizer
      Consolidated   Petroleum   Renewables   Nitrogen
    Fertilizer
      Consolidated
    Cash and cash equivalents (1) $ 325   $ 22   $ 114   $ 596   $ 735   $ 13   $ 91   $ 987
    Total assets   3,011     414     998     3,984     3,288     420     1,019     4,263
    Total debt and finance lease obligations, including current
    portion (2)
      293         570     1,861     354         569     1,919

    (1) Corporate cash and cash equivalents consisted of $135 million and $148 million at June 30, 2025 and December 31, 2024, respectively.
    (2) Corporate total debt and finance lease obligations, including current portion consisted of $998 million and $996 million at June 30, 2025 and December 31, 2024, respectively.

    Petroleum Segment

    Key Operating Metrics per Total Throughput Barrel

      Three Months Ended
    June 30,
      Six Months Ended
    June 30,
    (in millions)   2025     2024     2025     2024
    Refining margin * $ 2.21   $ 10.94   $ 1.14   $ 13.68
    Adjusted refining margin *   9.95     9.81     9.04     10.15
    Direct operating expenses *   6.45     6.94     7.32     6.34
    • See “Non-GAAP Reconciliations” section below.

    Refining Throughput and Production Data by Refinery

    Throughput Data Three Months Ended
    June 30,
      Six Months Ended
    June 30,
    (in bpd) 2025   2024   2025   2024
    Coffeyville              
    Gathered crude 61,505   87,402   44,213   74,903
    Other domestic 30,718   28,625   21,584   37,275
    Canadian 581   9,518   610   9,525
    Condensate   5,079     6,390
    Other feedstocks and blendstocks 7,883   10,773   7,111   11,671
    Wynnewood              
    Gathered crude 55,470   34,190   56,936   38,624
    Other domestic 1,595   2,421   1,087   1,210
    Condensate 8,965   5,965   9,556   8,114
    Other feedstocks and blendstocks 5,432   2,235   5,309   3,287
    Total throughput 172,149   186,208   146,406   190,999
    Production Data Three Months Ended
    June 30,
      Six Months Ended
    June 30,
    (in bpd) 2025     2024     2025     2024  
    Coffeyville              
    Gasoline 50,323     71,515     34,718     72,119  
    Distillate 46,911     57,710     33,645     56,858  
    Other liquid products (428 )   7,015     2,930     5,784  
    Solids 3,711     4,990     2,523     4,985  
    Wynnewood              
    Gasoline 36,657     25,672     38,190     28,828  
    Distillate 23,645     16,053     24,293     17,610  
    Other liquid products 8,267     2,349     6,671     3,956  
    Solids 12     6     11     6  
    Total production 169,098     185,310     142,981     190,146  
                   
    Crude utilization (1) 76.9 %   83.9 %   64.9 %   85.2 %
    Light product yield (as % of crude throughput) (2) 99.2 %   98.7 %   97.7 %   99.6 %
    Liquid volume yield (as % of total throughput) (3) 96.1 %   96.8 %   95.9 %   96.9 %
    Distillate yield (as % of crude throughput) (4) 44.4 %   42.6 %   43.2 %   42.3 %

    (1) Total Gathered crude, Other domestic, Canadian, and Condensate throughput (collectively, “Total Crude Throughput”) divided by consolidated crude oil throughput capacity of 206,500 bpd.
    (2) Total Gasoline and Distillate divided by Total Crude Throughput.
    (3) Total Gasoline, Distillate, and Other liquid products divided by total throughput.
    (4) Total Distillate divided by Total Crude Throughput.

    Key Market Indicators

      Three Months Ended
    June 30,
      Six Months Ended
    June 30,
    (dollars per barrel)   2025       2024       2025       2024  
    West Texas Intermediate (WTI) NYMEX $ 63.74     $ 80.63     $ 67.52     $ 78.81  
    Crude Oil Differentials to WTI:              
    Brent   2.97       4.40       3.29       4.60  
    WCS (heavy sour)   (9.43 )     (12.53 )     (10.92 )     (14.66 )
    Condensate   (0.71 )     (0.66 )     (0.68 )     (0.76 )
    Midland Cushing   0.74       1.08       0.92       1.31  
    NYMEX Crack Spreads:              
    Gasoline   24.76       27.48       20.86       25.07  
    Heating Oil   26.99       24.67       27.71       30.62  
    NYMEX 2-1-1 Crack Spread   25.87       26.07       24.29       27.85  
    PADD II Group 3 Product Basis:              
    Gasoline   (3.58 )     (10.61 )     (3.20 )     (10.33 )
    Ultra-Low Sulfur Diesel   (0.12 )     (3.89 )     (3.60 )     (7.04 )
    PADD II Group 3 Product Crack Spread:              
    Gasoline   21.18       16.87       17.66       14.74  
    Ultra-Low Sulfur Diesel   26.87       20.78       24.11       23.59  
    PADD II Group 3 2-1-1   24.02       18.83       20.89       19.17  
                                   

    Renewables Segment

    Key Operating Metrics per Vegetable Oil Throughput Gallon

      Three Months Ended
    June 30,
      Six Months Ended
    June 30,
        2025     2024     2025     2024
    Renewables margin * $ 0.38   $ 0.43   $ 0.76   $ 0.51
    Adjusted renewables margin *   0.44     0.67     0.68     0.64
    Direct operating expenses *   0.54     0.72     0.51     0.76
    • See “Non-GAAP Reconciliations” section below.

    Renewables Throughput and Production Data

      Three Months Ended June 30,   Six Months Ended June 30,
    (in gallons per day) 2025     2024     2025     2024  
    Throughput Data              
    Corn Oil 1,107     33,253     10,488     34,947  
    Soybean Oil 153,609     93,303     144,837     66,128  
                   
    Production Data              
    Renewable diesel 148,373     117,277     146,292     89,936  
                   
    Renewable utilization (1) 61.4 %   50.2 %   61.6 %   40.1 %
    Renewable diesel yield (as % of corn and soybean oil throughput) 95.9 %   92.7 %   94.2 %   89.0 %

    (1) Total corn and soybean oil throughput divided by total renewable throughput capacity of 252,000 gallons per day.

    Key Market Indicators

      Three Months Ended
    June 30,
      Six Months Ended
    June 30,
        2025     2024     2025     2024
    Chicago Board of Trade (CBOT) soybean oil (dollars per pound) $ 0.49   $ 0.45   $ 0.47   $ 0.46
    Midwest crude corn oil (dollars per pound)   0.50     0.51     0.48     0.53
    CARB ULSD (dollars per gallon)   2.36     2.60     2.38     2.63
    NYMEX ULSD (dollars per gallon)   2.16     2.51     2.27     2.61
    California LCFS (dollars per metric ton)   52.36     51.51     59.13     57.37
    Biodiesel RINs (dollars per RIN)   1.08     0.51     0.94     0.55
     

    Nitrogen Fertilizer Segment

      Three Months Ended
    June 30,
      Six Months Ended
    June 30,
    (percent of capacity utilization) 2025     2024     2025     2024  
    Ammonia utilization rate (1) 91 %   102 %   96 %   96 %

    (1) Reflects our ammonia utilization rate on a consolidated basis. Utilization is an important measure used by management to assess operational output at each of CVR Partners’ facilities. Utilization is calculated as actual tons produced divided by capacity. We present our utilization for the three and six months ended June 30, 2025 and 2024 and take into account the impact of our current turnaround cycles on any specific period. Additionally, we present utilization solely on ammonia production rather than each nitrogen product as it provides a comparative baseline against industry peers and eliminates the disparity of plant configurations for upgrade of ammonia into other nitrogen products. With our efforts being primarily focused on ammonia upgrade capabilities, this measure provides a meaningful view of how well we operate.

    Sales and Production Data

      Three Months Ended
    June 30,
      Six Months Ended
    June 30,
        2025     2024     2025     2024
    Consolidated sales volumes (thousands of tons):              
    Ammonia   57     43     117     113
    UAN   345     330     681     614
                   
    Consolidated product pricing at gate (dollars per ton): (1)              
    Ammonia $ 593   $ 520   $ 573   $ 525
    UAN   317     268     287     268
                   
    Consolidated production volume (thousands of tons):              
    Ammonia (gross produced) (2)   197     221     413     414
    Ammonia (net available for sale) (2)   54     69     117     130
    UAN   321     337     668     643
                   
    Feedstock:              
    Petroleum coke used in production (thousands of tons)   130     133     261     261
    Petroleum coke used in production (dollars per ton) $ 56.68   $ 62.96   $ 49.54   $ 69.21
    Natural gas used in production (thousands of MMBtus) (3)   1,897     2,213     4,057     4,361
    Natural gas used in production (dollars per MMBtu) (3) $ 3.29   $ 1.93   $ 4.00   $ 2.51
    Natural gas in cost of materials and other (thousands of
    MMBtus)
    (3)
      2,201     1,855     3,807     3,620
    Natural gas in cost of materials and other (dollars per
    MMBtu)
    (3)
    $ 3.63   $ 1.85   $ 4.05   $ 2.65

    (1) Product pricing at gate represents sales less freight revenue divided by product sales volume in tons and is shown in order to provide a pricing measure that is comparable across the fertilizer industry.
    (2) Gross tons produced for ammonia represent total ammonia produced, including ammonia produced that was upgraded into other fertilizer products. Net tons available for sale represent ammonia available for sale that was not upgraded into other fertilizer products.
    (3) The feedstock natural gas shown above does not include natural gas used for fuel. The cost of fuel natural gas is included in direct operating expense.

    Key Market Indicators

      Three Months Ended
    June 30,
      Six Months Ended
    June 30,
        2025     2024     2025     2024
    Ammonia — Southern plains (dollars per ton) $ 576   $ 523   $ 569   $ 545
    Ammonia — Corn belt (dollars per ton)   630     565     624     581
    UAN — Corn belt (dollars per ton)   403     288     364     290
                   
    Natural gas NYMEX (dollars per MMBtu) $ 3.51   $ 2.32   $ 3.69   $ 2.21
                           

    Q3 2025 Outlook

    The table below summarizes our outlook for certain operational statistics and financial information for the third quarter of 2025. See “Forward-Looking Statements” above.

      Q3 2025
      Low   High
    Petroleum      
    Total throughput (bpd)   200,000       215,000  
    Crude utilization (1)   92 %     97 %
    Direct operating expenses (in millions) (2) $ 105     $ 115  
           
    Renewables      
    Total throughput (in millions of gallons)   16       20  
    Renewable utilization (4)   70 %     85 %
    Direct operating expenses (in millions) (2) $ 8     $ 10  
           
    Nitrogen Fertilizer      
    Ammonia utilization rate   93 %     98 %
    Direct operating expenses (in millions) (2) $ 60     $ 65  
           
    Capital Expenditures (in millions) (3)      
    Petroleum $ 25     $ 30  
    Renewables   1       3  
    Nitrogen Fertilizer   20       25  
    Other   1       2  
    Total capital expenditures $ 47     $ 60  

    (1) Represents crude oil throughput divided by consolidated crude oil throughput capacity of 206,500 bpd.
    (2) Direct operating expenses are shown exclusive of depreciation and amortization, turnaround expenses, and inventory valuation impacts.
    (3) Turnaround and capital expenditures are disclosed on an accrual basis.
    (4) Represents renewable feedstock throughput divided by total renewable throughput capacity of 252,000 gallons per day.

    Non-GAAP Reconciliations

    Reconciliation of Net (Loss) Income to EBITDA and Adjusted EBITDA

      Three Months Ended
    June 30,
      Six Months Ended
    June 30,
    (in millions)   2025       2024       2025       2024  
    Net (loss) income $ (90 )   $ 38     $ (195 )   $ 128  
    Interest expense, net   30       19       55       39  
    Income tax benefit   (42 )     (26 )     (91 )     (10 )
    Depreciation and amortization   78       72       146       149  
    EBITDA   (24 )     103       (85 )     306  
    Adjustments:              
    Revaluation of RFS liability, unfavorable (favorable)   89             200       (91 )
    Unrealized loss (gain) on derivatives, net   2       (17 )     (1 )     7  
    Inventory valuation impacts, unfavorable (favorable)   32       1       8       (36 )
    Adjusted EBITDA $ 99     $ 87     $ 122     $ 186  
     

    Reconciliation of Basic and Diluted (Loss) Earnings per Share to Adjusted (Loss) Earnings per Share

      Three Months Ended
    June 30,
      Six Months Ended
    June 30,
        2025       2024       2025       2024  
    Basic and diluted (loss) earnings per share $ (1.14 )   $ 0.21     $ (2.36 )   $ 1.02  
    Adjustments: (1)              
    Revaluation of RFS liability, unfavorable (favorable)   0.65             1.50       (0.68 )
    Unrealized loss (gain) on derivatives, net   0.02       (0.13 )     (0.01 )     0.05  
    Inventory valuation impacts, unfavorable (favorable)   0.24       0.01       0.06       (0.27 )
    Adjusted (loss) earnings per share $ (0.23 )   $ 0.09     $ (0.81 )   $ 0.12  

    (1) Amounts are shown after-tax, using the Company’s marginal tax rate, and are presented on a per share basis using the weighted average shares outstanding for each period.

    Reconciliation of Net Cash (Used In) Provided By Operating Activities to Free Cash Flow

      Three Months Ended
    June 30,
      Six Months Ended
    June 30,
    (in millions)   2025       2024       2025       2024  
    Net cash (used in) provided by operating activities $ 176     $ 81     $ (19 )   $ 258  
    Less:              
    Capital expenditures   (41 )     (43 )     (92 )     (90 )
    Capitalized turnaround expenditures   (148 )     (32 )     (191 )     (44 )
    Return of equity method investment   1       1       5       4  
    Free cash flow $ (12 )   $ 7     $ (297 )   $ 128  
     

    Reconciliation of Petroleum Segment Net (Loss) Income to EBITDA and Adjusted EBITDA

      Three Months Ended
    June 30,
      Six Months Ended
    June 30,
    (in millions)   2025       2024       2025       2024  
    Petroleum net (loss) income $ (137 )   $ 18     $ (297 )   $ 145  
    Interest (income) expense, net   5       (5 )     5       (10 )
    Depreciation and amortization   48       43       90       92  
    Petroleum EBITDA   (84 )     56       (202 )     227  
    Adjustments:              
    Revaluation of RFS liability, unfavorable (favorable)   89             200       (91 )
    Unrealized loss (gain) on derivatives, net   2       (17 )     (1 )     7  
    Inventory valuation impacts, unfavorable (favorable) (1)   31       (2 )     10       (39 )
    Petroleum Adjusted EBITDA $ 38     $ 37     $ 7     $ 104  
     

    Reconciliation of Petroleum Segment Gross (Loss) Profit to Refining Margin and Adjusted Refining Margin

      Three Months Ended
    June 30,
      Six Months Ended
    June 30,
    (in millions)   2025       2024       2025       2024  
    Net sales $ 1,561     $ 1,795     $ 3,038     $ 3,517  
    Less:              
    Cost of materials and other   (1,526 )     (1,610 )     (3,008 )     (3,041 )
    Direct operating expenses (exclusive of depreciation and amortization)   (102 )     (118 )     (193 )     (221 )
    Depreciation and amortization   (48 )     (43 )     (90 )     (92 )
    Gross (loss) profit   (115 )     24       (253 )     163  
    Add:              
    Direct operating expenses (exclusive of depreciation and amortization)   102       118       193       221  
    Depreciation and amortization   48       43       90       92  
    Refining margin   35       185       30       476  
    Adjustments:              
    Revaluation of RFS liability, unfavorable (favorable)   89             200       (91 )
    Unrealized loss (gain) on derivatives, net   2       (17 )     (1 )     7  
    Inventory valuation impacts, unfavorable (favorable) (1)   31       (2 )     10       (39 )
    Adjusted refining margin $ 157     $ 166     $ 239     $ 353  
                   
    Total throughput barrels per day   172,149       186,208       146,406       190,999  
    Days in the period   91       91       181       182  
    Total throughput barrels   15,665,597       16,944,862       26,499,565       34,761,961  
                   
    Refining margin per total throughput barrel $ 2.21     $ 10.94     $ 1.14     $ 13.68  
    Adjusted refining margin per total throughput barrel   9.95       9.81       9.04       10.15  
    Direct operating expenses per total throughput barrel   6.45       6.94       7.32       6.34  

    (1) The Petroleum Segment’s basis for determining inventory value under GAAP is First-In, First-Out (“FIFO”). Changes in crude oil prices can cause fluctuations in the inventory valuation of crude oil, work in process and finished goods, thereby resulting in a favorable inventory valuation impact when crude oil prices increase and an unfavorable inventory valuation impact when crude oil prices decrease. The inventory valuation impact is calculated based upon inventory values at the beginning of the accounting period and at the end of the accounting period.

    Reconciliation of Renewables Segment Net Loss to EBITDA and Adjusted EBITDA

      Three Months Ended June 30,   Six Months Ended June 30,
    (in millions)   2025       2024       2025       2024  
    Renewables net loss $ (11 )   $ (11 )   $ (11 )   $ (20 )
    Interest income, net                     (1 )
    Depreciation and amortization   6       6       12       12  
    Renewables EBITDA   (5 )     (5 )     1       (9 )
    Adjustments:              
    Inventory valuation impacts, (favorable) unfavorable (1)   1       3       (2 )     2  
    Renewables Adjusted EBITDA $ (4 )   $ (2 )   $ (1 )   $ (7 )
     

    Reconciliation of Renewables Segment Gross Loss to Renewables Margin and Adjusted Renewables Margin

      Three Months Ended June 30,   Six Months Ended June 30,
    (in millions, except throughput data)   2025       2024       2025       2024  
    Net sales $ 76     $ 63     $ 142     $ 97  
    Less:              
    Cost of materials and other   (71 )     (58 )     (121 )     (88 )
    Direct operating expenses (exclusive of depreciation and
    amortization)
      (7 )     (8 )     (14 )     (13 )
    Depreciation and amortization   (6 )     (6 )     (12 )     (12 )
    Gross loss   (8 )     (9 )     (5 )     (16 )
    Add:              
    Direct operating expenses (exclusive of depreciation and
    amortization)
      7       8       14       13  
    Depreciation and amortization   6       6       12       12  
    Renewables margin   5       5       21       9  
    Inventory valuation impacts, (favorable) unfavorable (1)   1       3       (2 )     2  
    Adjusted renewables margin $ 6     $ 8     $ 19     $ 11  
                   
    Total vegetable oil throughput gallons per day   154,716       126,556       155,325       101,075  
    Days in the period   91       91       181       182  
    Total vegetable oil throughput gallons   14,079,118       11,516,572       28,113,944       18,395,649  
                   
    Renewables margin per vegetable oil throughput gallon $ 0.38     $ 0.43     $ 0.76     $ 0.51  
    Adjusted renewables margin per vegetable oil throughput gallon   0.44       0.67       0.68       0.64  
    Direct operating expenses per vegetable oil throughput gallon   0.54       0.72       0.51       0.76  

    (1) The Renewables Segment’s basis for determining inventory value under GAAP is FIFO. Changes in renewable diesel and renewable feedstock prices can cause fluctuations in the inventory valuation of renewable diesel, work in process and finished goods, thereby resulting in a favorable inventory valuation impact when renewable diesel prices increase and an unfavorable inventory valuation impact when renewable diesel prices decrease. The inventory valuation impact is calculated based upon inventory values at the beginning of the accounting period and at the end of the accounting period.

    Reconciliation of Nitrogen Fertilizer Segment Net Income to EBITDA and Adjusted EBITDA

      Three Months Ended
    June 30,
      Six Months Ended
    June 30,
    (in millions)   2025     2024     2025     2024
    Nitrogen Fertilizer net income $ 39   $ 26   $ 66   $ 39
    Interest expense, net   7     8     15     15
    Depreciation and amortization   21     20     39     39
    Nitrogen Fertilizer EBITDA and Adjusted EBITDA $ 67   $ 54   $ 120   $ 93

    The MIL Network

  • MIL-Evening Report: The Man from Hong Kong at 50: how the first ever Australian–Hong Kong co-production became a cult classic

    Source: The Conversation (Au and NZ) – By Gregory Ferris, Senior Lecturer, Media Arts & Production, University of Technology Sydney

    LMPC via Getty Images

    A cinematic firecracker of a film exploded onto international screens 50 years ago this week, blending martial arts mayhem, Bond-esque set pieces, casual racism – and a distinctly Australian swagger.

    From its audacious visual style; to its complex, life-threatening stunts; to its pioneering status as an international co-production, Brian Trenchard-Smith’s The Man from Hong Kong has solidified its place as a cult classic.

    The plot is deceptively simple. A Sydney-based crime lord’s activities come under the scrutiny of a determined Hong Kong detective, Inspector Fang Sing Leng. A fiery East-meets-West martial arts showdown explodes across the Australian landscape, pushing both sides to their limits.

    Jimmy Wang Yu (known at the time as Asia’s Steve McQueen) plays Inspector Fang Sing Leng. Fang delivers justice with his fists and uses his wits navigating greater Sydney, with help from the local constabulary and its adoring female population.

    The movie is a playful pastiche that confidently combines martial arts action, police procedurals, spy thrillers, and Westerns, all filtered through a distinctly Australian “crash-zoom” lens.

    An Australia–Hong Kong co-production

    The Man from Hong Kong was the first official Australia–Hong Kong co-production, uniting Hong Kong’s Golden Harvest studio with Australian producer John Fraser.

    This model would pave the way for numerous future collaborations – the film demonstrating that Australia was open for international (film) business, albeit with some constraints, such as shooting locales.

    In The Man from Hong Kong’s case, the financial arrangement was 50/50. As a result, half of the film had to be shot in Hong Kong, despite 85% of the storyline being set in Australia. Many of the interiors were filmed in Hong Kong studios to meet this production requirement.

    An example of this is the interrogation scene, which alternates between its Sydney exteriors and a fight scene taking place in the interior film set shot thousands of miles away at the Golden Harvest studios.

    In a genius bit of montage, the scene jumps from a shot of a kick in the crotch to a close-up of pool balls breaking on a table.

    A film of cunning stunts

    The Man from Hong Kong served as a reunion of sorts for many of the cast and crew, either starring in Stone (1974) or featuring in Trenchard-Smith’s documentary about martial arts films, Kung Fu Killers (1974).

    The film was an influence to Quentin Tarantino and paved the way for films such as Mad Max (1979), particularly in what Trenchard-Smith and his partner in film, stunt legend Grant Page, might call its “cunning stunts”.

    The elaborate car chases and explosive stunt setups in The Man from Hong Kong served as prototypes for iconic sequences that would inspire the Mad Max films, among others, a testament to a bygone era of practical effects and thrill seeking audacity.

    Car crashes and other explosive stunts were executed without permits or road closures. This sense of chaos is heightened by the stunts being performed by the actors themselves, adding a sense of immediacy and peril.

    An example of this is set on the cliffs at Stanwell Park. Wang Yu drives at speed towards the waiting Caroline, executing a precision gravel slide that misses Caroline’s car by under a metre, the shot continuing as he exits the car to greet her.

    Part character, and part tourism advert

    Trenchard-Smith’s script wasn’t shy in its depiction of culture clash, especially when it came to the racist attitudes of the Australian characters.

    But as Trenchard-Smith recalls:

    Our lead character, a Chinese Dirty Harry/James Bond upends these racial stereotypes by being smarter, sexier, and tougher than his opponents.

    Cinematographer Russell Boyd brings a sharp, dynamic (did I mention the crash-zooms?) visual style to the film that deftly matches the on-screen action.

    The film’s Australian setting is part character and part tourism advert – from the “Ayers Rock” (Uluru) cold opener, to the cafe scene on the Opera House forecourt.

    Pure cinema

    Stunt legend Grant Page appears in multiple villainous roles throughout the film, with the martial arts choreography handled by the legendary director Sammo Hung, who also played the role of Win Chan.

    The cast was a fascinating mix of talent and personality. Wang Yu, a martial arts icon, was also an established film director, leading to creative clashes on set with Trenchard-Smith.

    Playing the film’s villain is George Lazenby, whose casting added another layer of meta-textual intrigue, positioning him as an antagonist to a character who was explicitly a Bond villain archetype.

    The Man from Hong Kong remains an exhilarating piece of pure cinema, despite its relatively small budget. It’s an exemplar (and occasional cautionary tale) for filmmakers in terms of international co-production, its cunning stunts, and genre blending.

    The film is a testament to a moment when Australian cinema was confidently looking outwards, ready to take on the world, one explosive car crash at a time.

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

    ref. The Man from Hong Kong at 50: how the first ever Australian–Hong Kong co-production became a cult classic – https://theconversation.com/the-man-from-hong-kong-at-50-how-the-first-ever-australian-hong-kong-co-production-became-a-cult-classic-260306

    MIL OSI AnalysisEveningReport.nz

  • MIL-OSI United Nations: Sudan gripped by deadly crisis as hunger, disease and heat intensify

    Source: United Nations 2

    In El Fasher, the capital of North Darfur that has been under siege for 15 months, the catastrophic humanitarian situation is worsening. Food shortages and soaring prices have forced community-run kitchens to shut down. Widespread hunger and malnutrition have reportedly caused several deaths and driven some residents to eat animal feed.

    In the Tawila locality of North Darfur, humanitarian organizations have had to strengthen their responses to rising cholera cases. They have expanded the capacities of treatment centres, but needs remain dire. With medical supplies running low, clean water supplies and the construction of latrines are urgent necessities.

    In East Darfur state, the Lagawa displacement site, hosting over 7,000 people, is facing severe food shortages and repeated armed attacks. Doctors are warning that the ongoing conflict continues to block the delivery of aid, so vulnerable families are left without access to food or healthcare.

    Extreme heat and torrential rains

    Meanwhile, floods and storms are displacing families and destroying homes across the country.  

    In the Rahad locality of North Kordofan state, heavy rains on Monday displaced around 550 people and damaged or destroyed more than 170 homes.

    Torrential rains in the eastern state of Kasssala have devastated the Gharb Almatar displacement site, affecting more than 6,000 people. Many tents were flooded, exposing children to cold, hunger and unsanitary conditions. Displaced families urgently need cash assistance, shelter and protection.

    In the coastal city of Port Sudan, extreme heat continues to endanger lives, with three reported deaths and 50 cases of sunstroke this week amid soaring temperatures and widespread power outages.  

    As temperatures reach 47 degrees Celsius (116.6 degrees Fahrenheit), overwhelmed hospitals are prompting health workers to call for urgent support, including cooling equipment, medical supplies and personnel.

    Call for increased funding

    With these crises compounding, international support is desperately needed. The 2025 response plan, which seeks $4.2 billion to assist 21 million of the most vulnerable people across Sudan, is only 23 per cent funded to date.

    OCHA once again calls on international donors to scale up funding for the response. 

    MIL OSI United Nations News

  • MIL-OSI USA: Tonko Demands DHS Restore Funding for UAlbany Mesonet Weather Detection Program

    Source: United States House of Representatives – Representative Paul Tonko (Capital Region New York)

    ALBANY, NY — Congressman Paul D. Tonko (NY-20), along with Representatives John Mannion (NY-22) and Joe Morelle (NY-25) today sent a letter to Department of Homeland Security (DHS) Secretary Kristi Noem urging the Trump Administration reverse its decision to terminate funding for the Exploiting Mesonet for Emergency Preparedness and Response to Weather Extremes (EMPOWER) project.

    In 2023, the DHS awarded the University at Albany $3 million for this grant project to improve emergency management and deliver accurate, real-time forecasting for severe weather. But, earlier this month, that funding was abruptly terminated.

    “Developed in partnership between DHS’s Science and Technology Directorate and the University at Albany, EMPOWER is exactly the kind of forward-looking, science-based emergency management program our nation needs as extreme weather, and natural disasters grow more frequent, intense, and deadly,” the lawmakers write.

    The letter continues, “At the core of EMPOWER’s success is the New York State Mesonet, a state-of-the-art network of 127 weather stations that supplements National Weather Service observations. This is a moment that demands leadership and bold investment in resilience. In just the past few weeks, catastrophic flooding in Texas and record-setting heat across the country have underscored the urgency of strengthening our preparedness. Cutting off funding for a proven emergency response program amid an escalating climate crisis is not just short-sighted, it is dangerous.

    “The stakes are simply too high to abandon tools and technologies that can help save lives.”

    For years, Tonko has worked to strengthen and support the nation’s weather preparedness. Last Congress, he introduced the bipartisan National Mesonet Authorization Act alongside Representative Stephanie Bice (R-OK), legislation that would increase the overall coverage and accuracy of our current National Mesonet program.

    Earlier this month, UAlbany sent a letter inviting DHS Secretary Noem to visit the campus and tour their facilities to lean more about how the university’s essential research supports DHS’s work and mission. UAlbany also sent a letter to the New York congressional delegation requesting support from members in helping to reinstate a $3 million DHS research grant.

    The full letter to DHS Secretary Noem can be found HERE or below:

    Dear Secretary Noem,

    We write to express our strong objection to the Department of Homeland Security’s decision to terminate funding for the Exploiting Mesonets for Emergency Preparedness and Response to Weather Extremes (EMPOWER) project. This action not only undermines years of progress in public safety and emergency preparedness, but it also puts lives at risk. We ask you to reverse this decision and reinstate the $3 million grant supporting this initiative without delay.

    Developed in partnership between DHS’s Science and Technology Directorate and the University at Albany, EMPOWER is exactly the kind of forward-looking, science-based emergency management program our nation needs as extreme weather, and natural disasters grow more frequent, intense, and deadly. It provides emergency managers and first responders with real[1]time, localized data to improve decision-making and response times, giving communities a better chance to prepare for and withstand extreme weather events.

    At the core of EMPOWER’s success is the New York State Mesonet, a state-of-the-art network of 127 weather stations that supplements National Weather Service observations. The Mesonet fills gaps in our national monitoring infrastructure and provides the high-resolution, real-time data that emergency response systems increasingly depend on.

    This is a moment that demands leadership and bold investment in resilience. In just the past few weeks, catastrophic flooding in Texas and record-setting heat across the country have underscored the urgency of strengthening our preparedness. Cutting off funding for a proven emergency response program amid an escalating climate crisis is not just short-sighted, it is dangerous.

    For a modest federal investment, EMPOWER is delivering high-impact results. This administration has emphasized the importance of supporting state and local partners in disaster preparedness EMPOWER embodies that collaboration, demonstrating how strategic partnerships between federal science agencies, academia, and state governments can produce innovative, life-saving solutions.

    We urge you to reinstate full funding for the EMPOWER initiative and ensure that the University at Albany and its partners can continue advancing this critical work. The stakes are simply too high to abandon tools and technologies that can help save lives.

    MIL OSI USA News

  • MIL-OSI New Zealand: Killing weeds and wildings for economic growth

    Source: New Zealand Government

    Tourism and rural businesses will benefit from Government action to eradicate invasive weeds from popular landscapes including progressing the development of world-leading early detection technology, Conservation Minister Tama Potaka says. 

    The Department of Conservation – Te Papa Atawhai is New Zealand’s biggest tourism provider – conservation tourism is worth $3.4 billion a year – but the ongoing protection of our iconic landscapes is facing significant financial and environmental challenges,” Mr Potaka says.

    “Tourism is a key part of our plan to grow the economy to create jobs, lift wages and help Kiwis get ahead. Through the International Visitor Levy (IVL), we’re providing $10 million over the next three years to ensure our popular mountains, parks, and islands, remain beautiful for years to come.

    “Locations include Abel Tasman, Aoraki / Mt Cook, Tongariro, Stewart Island, Mackenzie Basin, Molesworth, and Te Paki and North Cape / Otou near Cape Reinga.

    “In Aotearoa New Zealand, nearly two million hectares are affected by wilding pines. Without intervention, these trees can spread at a rate of five per cent per year. The cost of this to New Zealand’s nature, productivity and economy can grow exponentially over time. 

    “I’ve announced an extra $3 million to the National Wilding Conifer Control Programme, led by Biosecurity New Zealand, for important control work in the Molesworth and Mackenzie Basin areas. This builds on significant previous IVL investments to urgently tackle wilding conifers across Canterbury, Marlborough, Otago and on Rangitoto in the Hauraki Gulf.

    “A further $7.45 million will go towards managing other significant weeds. For example in Rakiura, Abel Tasman, Te Paki, and North Cape/Otou, such as marram, spartina, and pampas grasses that affect natural dune and estuary ecosystems, and our coastal scenery.

    “When it comes to tackling invasive weeds, taking early action is essential. IVL funding will also go towards the development and rollout of an innovative, smart software tool to detect weeds when they first invade. 

    Biosecurity Minister Andrew Hoggard highlighted the annual boost in funding to combat wilding pines, which threaten farmland, water catchments, and native biodiversity, while increasing the risk of wildfires.

    “The Government is focused on protecting the productive heart of our economy – our rural communities. That’s why there has been significant investment into the National Wilding Conifer Control Programme, including an extra $2 million announced in Budget and annual $10 million baseline funding. 

    “Since 2016, the Government has committed more than $150 million to the fight to contain and control the spread of wilding pines, alongside more than $33 million contributed by partners and communities.” 

    “This year’s investment continues to support the people doing the work alongside Government – regional councils, Iwi, farmers, researchers, and volunteers, whose combined effort has pushed back some of the worst infestations and protected key landscapes,” says Mr Hoggard.

    Notes to editor: The funding covers work across the next three years (2025 –2028) and comes from money raised under the new $100 International Visitor Conservation and Tourism Levy rate. 

    MIL OSI New Zealand News

  • MIL-OSI USA: Cortez Masto, Colleagues Call for Expansion of Humanitarian Aid in Gaza and Resumption of Efforts to Secure a Ceasefire

    US Senate News:

    Source: United States Senator for Nevada Cortez Masto

    Washington, D.C. – U.S. Senator Catherine Cortez Masto (D-Nev.) joined a broad group of 39 senators, led by U.S. Senators Adam Schiff (D-Calif.), Brian Schatz (D-Hawaii), Chuck Schumer (D-N.Y.), and Jacky Rosen (D-Nev.), in expressing unified alarm about the humanitarian crisis in Gaza, calling for the large-scale expansion of humanitarian aid, and urging the Trump administration to resume diplomatic efforts to secure a ceasefire agreement, bring the hostages home, and end the war.

    “The acute humanitarian crisis in Gaza is […] unsustainable and worsens by the day,” wrote the senators. “Hunger and malnutrition are widespread, and, alarmingly, deaths due to starvation, especially among children, are increasing. The ‘Gaza Humanitarian Foundation’ has failed to address the deepening humanitarian crisis and contributed to an unacceptable and mounting civilian death toll around the organization’s sites. To prevent the situation from getting even worse, we urge you to advocate for a large-scale expansion of humanitarian assistance.”

    The letter, sent to Secretary of State Marco Rubio and U.S. Special Envoy to the Middle East Steve Witkoff, emphasizes that a diplomatic pathway exists to end the war, bring home Israeli hostages, ensure Hamas can no longer pose a serious military threat to Israel, and achieve a resolution of the Israeli-Palestinian conflict.

    The senators also affirmed their opposition to the permanent forced displacement of the Palestinian people, which would be contrary to international humanitarian law and a sustainable and lasting peace.

    “We ask that the Administration make this clear as it seeks an end to the war,” the senators concluded. “We stand in strong support of diplomatic efforts to return all hostages, end the fighting in Gaza, and bring humanitarian relief for the safety and prosperity of the Israeli and the Palestinian people.”

    The full text of the letter can be found here.

    Senator Cortez Masto has consistently supported Israel’s right to defend itself and has strongly advocated for a two-state solution to end the decades of violence in the Israeli-Palestinian Conflict. Following Hamas’s terrorist attack on October 7th, 2023, she called on President Biden to do everything in his power to bring home the hostages and deliver vital humanitarian aid to Palestinian civilians. She also urged the Biden administration to crack down on the financing of international terrorist organizations, including Iran’s state sponsorship of terrorism.

    MIL OSI USA News

  • MIL-OSI USA: Baldwin Calls for Large-Scale Increase of Humanitarian Aid in Gaza and Diplomatic Efforts to End the War

    US Senate News:

    Source: United States Senator for Wisconsin Tammy Baldwin

    WASHINGTON, D.C. – U.S. Senator Tammy Baldwin (D-WI) joined 43 of her Senate colleagues to express unified alarm about the humanitarian crisis in Gaza, call for the large-scale expansion of humanitarian aid, and urge the Trump Administration to resume diplomatic efforts to secure a ceasefire agreement and end the war.

    “The acute humanitarian crisis in Gaza is also unsustainable and worsens by the day. Hunger and malnutrition are widespread, and, alarmingly, deaths due to starvation, especially among children, are increasing,” the Senators wrote in a letter to Secretary of State Marco Rubio and U.S. Special Envoy to the Middle East Steve Witkoff. “The ‘Gaza Humanitarian Foundation’ has failed to address the deepening humanitarian crisis and contributed to an unacceptable and mounting civilian death toll around the organization’s sites. To prevent the situation from getting even worse, we urge you to advocate for a large-scale expansion of humanitarian assistance.”

    The letter underscores the remaining viable pathway that would end the war, bring home Israeli hostages, ensure Hamas can no longer pose a serious military threat to Israel, and achieve a diplomatic resolution of the Israeli-Palestinian conflict.

    The Senators also affirm their opposition to the permanent forced displacement of the Palestinian people, which would be contrary to international humanitarian law and a sustainable and lasting peace.

    “We ask that the Administration make this clear as it seeks an end to the war,” the Senators wrote. “We stand in strong support of diplomatic efforts to return all hostages, end the fighting in Gaza, and bring humanitarian relief for the safety and prosperity of the Israeli and the Palestinian people.”

    The letter was led by U.S. Senators Adam Schiff (D-CA), Brian Schatz (D-HI), Chuck Schumer (D-NY), and Jacky Rosen (D-NV), and co-signed by 39 other Senators in addition to Senator Baldwin.

    The full text of the letter can be found here and below.

    Dear Secretary Rubio and Special Envoy Witkoff:

    With recent efforts to secure a ceasefire between Israel and Hamas being unsuccessful, the situation in Gaza remains perilous. Efforts to secure an agreement are as critical and urgent as ever and we urge the resumption of good-faith talks as quickly as possible. While we appreciate that additional aid is beginning to enter Gaza, the humanitarian situation remains dire. Yet there still remains a viable pathway to end this war, bring home Israeli hostages, and achieve a diplomatic resolution of the Israeli-Palestinian conflict.

    The Israeli hostages, held in Gaza by Hamas since their brutal attack on Israel on October 7th, have suffered far too long, as have their families. It is imperative that those still living be brought home as soon as possible, before more perish as the war drags on. And it is essential that the remains of those presumed killed – including Americans Omer Neutra and Itay Chen – be reunited with their loved ones. After many months of despair, it is long past time to bring all of the hostages home.

    The acute humanitarian crisis in Gaza is also unsustainable and worsens by the day. Hunger and malnutrition are widespread, and, alarmingly, deaths due to starvation, especially among children, are increasing. The “Gaza Humanitarian Foundation” has failed to address the deepening humanitarian crisis and contributed to an unacceptable and mounting civilian death toll around the organization’s sites. To prevent the situation from getting even worse, we urge you to advocate for a large-scale expansion of humanitarian assistance and services throughout the Gaza Strip, including through the use of experienced multilateral bodies and NGOs that can get life-saving aid directly to those in need and prevent diversion.

    Beyond a negotiated ceasefire, a permanent end to this war will also require an end to Hamas rule in Gaza and ensuring that Hamas can no longer pose a serious military threat to Israel. We reaffirm our strong support for continued U.S.-led diplomacy with Israel, Palestinian leaders, and other partners in the Middle East in pursuit of the long-term goal of a negotiated two-state solution with Israelis and Palestinians living side by side in lasting peace, security, dignity, and mutual recognition.

    Finally, we write to underscore our strong opposition to the permanent forced displacement of the Palestinian people. This would be antithetical to international humanitarian law, to a sustainable end to this war that prioritizes the long-term safety and security of Israelis and Palestinians alike, to achieving a lasting peace in the Middle East, and expanding the Abraham Accords. We ask that the Administration make this clear as it seeks an end to the war.

    We stand in strong support of diplomatic efforts to return all hostages, end the fighting in Gaza, and bring humanitarian relief for the safety and prosperity of the Israeli and the Palestinian people.

    MIL OSI USA News

  • MIL-OSI USA: Baldwin, Capito, Hassan Lead Bipartisan Bill to Deliver First Responders with Training and Tools to Prevent Overdose Deaths

    US Senate News:

    Source: United States Senator for Wisconsin Tammy Baldwin

    WASHINGTON, D.C. – Today, U.S. Senators Tammy Baldwin (D-WI), Shelley Moore Capito (R-WV), and Maggie Hassan (D-NH) introduced the Safe Response Act, bipartisan legislation to reauthorize a grant program that allows states, local government entities, and Tribes to train and provide resources to first responders to respond to drug overdoses.

    “The opioid crisis has left thousands of families across Wisconsin with an empty seat at the dinner table. As we start to turn the tide on this epidemic, we need to double down on what is working and ensure communities have the tools they need to reverse overdoses and poisonings,” said Senator Baldwin. “I’m proud to back this bipartisan bill to ensure first responders have the training they need to use lifesaving tools like Narcan and protect Wisconsin families from the heartbreak of losing a loved one too soon.”

    “West Virginians know all too well the devastation and heartbreak drug overdoses cause in our communities. That’s why it is essential Congress provides the resources and training our first responders need to administer life-saving overdose reversal drugs and keep themselves safe in the process. I’m proud to join my colleagues in reintroducing this legislation that will equip our first responders with the necessary tools to save more lives,” said Senator Capito.

    “Fire fighters, paramedics, police officers, and other first responders are on the frontlines fighting the opioid epidemic and we must keep working to ensure that they have the resources and support that they need,” said Senator Hassan. “This bipartisan legislation will help to ensure that more first responders in New Hampshire and across the country have access to training on how to use overdose reversal drugs like naloxone to save more lives.”

    According to the Centers for Disease Control (CDC), there were 80,391 drug overdose deaths in the United States in 2024. Of those, over 50,000 overdose deaths were due to opioids, including fentanyl. This marked a sharp decline from the previous year — a decrease of 26.9% from the 110,037 deaths estimated in 2023 – in part due to the availability of opioid reversal drugs like naloxone.

    The 2018 SUPPORT Act included a grant program to provide funding for states, local government entities, Indian Tribes, and tribal organizations to train and provide resources to first responders to respond to an overdose. The Safe Response Act would reauthorize this grant program, included as part of the bipartisan SUPPORT Act, providing $57 million per year for fiscal years 2026 through 2030 for grants to first responders and those in key community sectors to respond to overdoses. Grants may be used to:

    • Ensure that first responders and other members of key community sectors have the knowledge and training to utilize overdose reversal devices or administer overdose reversal medications, such as naloxone;
    • Provide technical assistance and training about how first responders and other members of key community sectors, such as first SUD treatment providers and emergency medical service agencies, can better protect themselves in the event of exposure to such drugs;
    • Establish processes, protocols, and mechanisms for referral to appropriate treatment, which may include an outreach coordinator or team to connect individuals receiving opioid overdose reversal drugs to follow-up services; and
    • Educate first responders and members of key community sectors about the need to follow standard safe operating procedures in instances of exposure to fentanyl, carfentanil, and other dangerous and illicit drugs.

    Senator Baldwin’s Safe Response Act has garnered strong support from local, state, and national public safety leaders and organizations, including the Wisconsin Professional Police Association, Wisconsin State Fire Chiefs Association, Racine Police Chief Alexander Ramirez, Milwaukee Fire Chief Aaron Lipski, Kenosha Fire Chief Daniel Tilton, Green Bay Metro Fire Chief Matthew Knott, Rock County Sheriff Curt Fell, Kenosha City Administrator and former Kenosha Chief of Police John Morrissey, Waukesha Mayor Shawn Reilly, Waukesha Fire Chief Robert Goplin, Waukesha Police Chief Dan Thompson, Madison Mayor Satya Rhodes-Conway, Mothers Against Prescription Drug Abuse (MAPDA), Big Cities Health Coalition, National Association of Police Organizations, National Council of Urban Indian Health, and Association of State and Territorial Health Officials (ASTHO).

    “As Chief of the Milwaukee Fire Department, I know firsthand the importance of supporting our first responders with critical training and resources to prevent overdose deaths. We recognize the importance of the Safe Response Act as substance misuse and overdose continue to significantly impact our local communities,” said Aaron Lipski, Chief of the Milwaukee Fire Department and Chair of RISE – Drug-Free MKE. “Thank you, Senator Baldwin, for your dedication to the ongoing efforts of helping those in the community with substance use issues to receive the best possible immediate and follow-up care through training and valuable resources to present a positive outcome for all involved.”

    “The reauthorization of the Safe Response Act is a smart and necessary allocation of funds. As someone who spent decades in law enforcement and now serves in city leadership, I’ve seen firsthand how critical it is for our first responders to have the right tools, training, and resources,” said John W. Morrissey, Kenosha City Administrator and former Kenosha Police Chief. “The increased funding—from $36 to $57 million annually—will make a real difference for communities like Kenosha. I fully support this legislation and urge Congress to move it forward.”

    “The opioid epidemic is not an abstract concept for local communities in Wisconsin. We are on the frontlines and need the resources to respond to this public health crisis. Senator Baldwin’s leadership on the Safe Response Act is deeply appreciated. This is an important tool to support first responders and our residents,” said Madison Mayor Satya Rhodes-Conway.

    “As Fire Chief of the Green Bay Metro Fire Department, I’m proud to support Senator Baldwin’s Safe Response Act. Every day, our firefighters and paramedics witness the impact that the opioid and fentanyl crisis has on our community. This legislation will give first responders the training and resources they need to save lives and stay safe while doing it,” said Matthew Knott, Chief of the Green Bay Metro Fire Department.

    A one-pager on this legislation is available here. Full text of this legislation is available here.

    MIL OSI USA News

  • MIL-OSI: Gran Tierra Energy Inc. Reports Second Quarter 2025 Results & Another Quarter of Record Production

    Source: GlobeNewswire (MIL-OSI)

    • Achieved Record Total Company Average Quarterly Production of 47,196 boepd
    • Funds Flow From Operations(1)of $54 million, Adjusted EBITDA(1)of $77 million and Return to Free Cash Flow
    • Signed Mandate Letter for Funding of Up to $200 Million
    • Entered into Binding Agreement to Exit the UK North Sea
    • Achieved Company Record Total of 32 Million Hours Without a Lost Time Injury
    • Recorded Operating Costs per boe of $13.42 for the Quarter – the Lowest Since The First Quarter of 2022

    CALGARY, Alberta, July 30, 2025 (GLOBE NEWSWIRE) — Gran Tierra Energy Inc. (“Gran Tierra” or the “Company”) (NYSE American:GTE) (TSX:GTE) (LSE: GTE) announced the Company’s financial and operating results for the quarter ended June 30, 2025 (the “Quarter”) and provided an operational update. All dollar amounts are in United States (“U.S.”) dollars and all production volumes are on an average working interest before royalties (“WI”) basis unless otherwise indicated. Production is expressed in barrels (“bbl”) of oil equivalent (“boe”) per day (“boepd” or “boe/d”) and are based on WI sales before royalties. For per boe amounts based on net after royalty (“NAR”) production, see Gran Tierra’s Quarterly Report on Form 10-Q filed July 30, 2025.

    Message to Shareholders

    Gary Guidry, President and Chief Executive Officer of Gran Tierra, commented: “Gran Tierra delivered record-setting production this quarter, reflecting the strength of our diversified portfolio and consistent operational execution across Colombia, Ecuador, and Canada.

    In Ecuador, we are building on the momentum of our Iguana Block discoveries with the planned drilling of two high-impact exploration wells in the Charapa Block later this year. In Colombia, the successful development drilling at Costayaco and Cohembi, along with the strong early waterflood response in Cohembi’s north area, underscores the ongoing potential of our core assets and validates our disciplined approach to reservoir management. In Acordionero, our proactive waterflood management, surface facility upgrades, pump upsizes and ongoing improvement in electrical submersible pump run lives continue to mitigate base decline.

    In Canada, our Montney and Clearwater assets are delivering encouraging results, with three gross-wells (1.2 net) brought on stream in the Quarter, outperforming expectations. These outcomes further reinforce our strategy of disciplined capital allocation and balanced growth as we focus on generating long-term value for our stakeholders.

    We continue to optimize our portfolio with the signed disposition of the UK North Sea assets, which is expected to close in the third quarter of 2025.”

    Operational Update:

    • Safety: Since 2022, Gran Tierra has achieved a record of 32 million person-hours equating to more than 3 years without a lost time injury.
    • Ecuador
      • Building on the successful discoveries in the Iguana Block during the first quarter of 2025, civil works are currently underway to support the drilling of the final two wells under Gran Tierra’s exploration commitments in the country. These wells are planned for the Charapa Block in the Conejo prospect, with drilling expected to commence toward the end of the third quarter of 2025.
    • Colombia
      • Gran Tierra successfully drilled the first of three development wells planned for 2025 in the northern area of the Costayaco field. The Costayaco-63 well was perforated in four productive sands, stimulated, and placed on immediate production. The well is currently producing ~800 bbls of oil per day (“bopd”) with a 48% watercut compared to an average field watercut of 92%. In July, the second well—Costayaco-64—was drilled, stimulated and completed. The well is currently producing ~1,300 bopd with a 13% watercut. The final well, Costayaco-65, was spud on July 20, 2025 and is scheduled to be brought on production in August 2025.
      • During the Quarter the remaining two wells of the 2025 five well Cohembi program were brought onto production. The average drilling cost of the five wells was ~$3.0 million per well, representing a 47% reduction from the prior operator’s average last five wells drilled in 2017/18. As part of the program and to support pressure, water injection began on May 30, 2025. A strong waterflood response and increase of greater than 2,600 bopd gross across the northern part of the field has been observed and continues to improve.
      • The Cristobal well in LLA-85 was drilled below budget to total depth (“TD”) and abandoned, fulfilling all the commitments on the block.
      • In Acordionero, production in the Quarter averaged ~14,200 bopd compared to ~13,800 bopd in the first quarter of 2025 (the “Prior Quarter”). Increases in base production were achieved by increasing total fluid production through planned electrical submersible pump upsizes, additional surface injection capacity allowing for continued growth of total fluid production and water injection. Record highs were achieved in both total fluid production (~89,400 bbls/day) and water injection (~85,000 bbls/day) during the Quarter.
    • Canada
      • In the Simonette, the first two (1.0 net) Lower Montney wells were completed successfully and brought on stream on April 5, 2025. Results from both wells are currently out-performing management’s current type curves. The third Montney well was spud on June 29, 2025 and reached TD on July 18, 2025. The fourth Montney well was spud on July 22, 2025 and is expected to reach total depth in the first half of August.

    Enhanced Liquidity:

    • Gran Tierra is pleased to announce it has signed a mandate letter with a syndicate of banks for a $200 million prepayment facility backed by crude oil deliveries. The Company is progressing toward full documentation, with closing expected in the third quarter of 2025 and funding anticipated shortly thereafter. The facility is structured to enhance financial flexibility, support long-term capital planning, and optimize the Company’s debt maturity profile. Further details of the prepayment will be announced in due course once final terms are agreed upon.
    • Separately, Gran Tierra recently completed the semi-annual redetermination of its Canadian credit facility, with lenders confirming an unchanged borrowing base of C$100 million. This outcome reflects the continued strength and stability of the Company’s Canadian asset base. The facility provides C$50 million in available commitments, comprised of a C$35 million syndicated facility and a C$15 million operating facility with a maturity date of October 31, 2026. The next redetermination is scheduled on or before November 30, 2025.
    • Gran Tierra also employs a disciplined, risk-managed hedging strategy designed to protect cash flow, support capital planning, and enhance financial stability across commodity cycles. The Company utilizes a diversified mix of oil and gas hedges that provide downside protection while preserving upside exposure. This proactive approach contributed to a $14 million derivative hedging gain booked during the Quarter. The Company also maintains a rolling 12-month hedging program to further mitigate volatility:
      • South American Oil Hedges (Brent): For the second half of 2025, Gran Tierra has hedged approximately 50% of its South American oil production with a weighted average floor of $63.16 per barrel and a ceiling of $76.50 per barrel. For the first half of 2026 the Company has hedged approximately 33% of its South American oil production with a weighted average floor of $61.67 per barrel and a ceiling of $75.58.
      • Canadian Oil Hedges (West Texas Intermediate): For the second half of 2025, Gran Tierra has hedged approximately 60% of its Canadian oil production with a weighted average floor of $61.67 per barrel and a ceiling of $72.37 per barrel. For the first half of 2026 the Company has hedged approximately 50% of its Canadian oil production with a weighted average floor of $56.82 per barrel and a ceiling of $72.01.
      • Canadian Gas Hedges (AECO): For the second half of 2025, Gran Tierra has hedged approximately 40% of its Canadian gas production with a weighted average floor of $2.82 per GJ and a ceiling of $2.96 per GJ.
      • FX Hedges (COP to USD): Starting in April 2025, Gran Tierra entered into a 12-month, $10 million per month hedging program for the COP to USD exchange rate. The hedges have a floor of 4,430 and a ceiling of 4,705.

    Key Highlights of the Quarter:

    • Production: Gran Tierra’s total average WI production was 47,196 boepd, which was 44% higher than the second quarter of 2024 due to the production from the Canadian operations acquired on October 31, 2024 and positive exploration well drilling results in Ecuador. Total average WI production was 1% higher than the Prior Quarter as a result of successful drilling in Simonette, Cohembi infill drilling and waterflood management, strong Acordionero performance and continued exploration success in Ecuador from the Iguana wells. Working interest sales in the Quarter decreased to 45,727 boepd primarily due to the deferral of 143,730 barrels of Ecuador oil production, which were held in inventory at the end of June and subsequently sold in July.
    • Net Income (Loss): Gran Tierra incurred a net loss of $13 million, compared to a net loss of $19 million in the Prior Quarter and net income of $36 million in the second quarter of 2024.
    • Adjusted EBITDA(1): Adjusted EBITDA(1) was $77 million compared to $85 million in the Prior Quarter and $103 million in the second quarter of 2024. Twelve-month trailing net debt(1) to adjusted EBITDA(1) was 2.3 times (only accounts for eight months of Canadian operations adjusted EBITDA) and the Company continues to have a long-term target ratio of 1.0 times.
    • Funds Flow from Operations(1): Funds flow from operations(1) was $54 million ($1.53 per share), up 17% from the second quarter of 2024 and down 3% from the Prior Quarter. Brent price decreased by 11% per bbl compared to the Prior Quarter and our cash netback(1) decreased by 1% illustrating the resiliency of the portfolio.
    • Net Cash Provided by Operating Activities: Net cash provided by operating activities was $35 million ($0.98 per share), down 53% from the Prior Quarter and down 53% from the second quarter of 2024.
    • Cash and Debt: As of June 30, 2025, the Company had a cash balance of $61 million, total debt of $807 million and net debt(1) of $746 million. During the Quarter, the Company drew a total of $45 million on its credit facilities to fund capital expenditures. There were significant capital expenditures in the first quarter, amounting to approximately 40% of budgeted capital expenditures for the year, which were paid in the Quarter resulting in the Company drawing on its credit facilities. We currently forecast the facilities to have a zero balance by the end of the year. In addition to the $61 million cash on hand as of June 30, 2025, the Company currently has approximately $112 million in credit and lending facilities with $47 million drawn as of June 30, 2025.
    • Share Buybacks: Gran Tierra repurchased 239,754 shares of common stock during the Quarter. From January 1, 2023, to July 28, 2025, the Company repurchased approximately 5.2 million shares, or 15% of shares issued and outstanding on January 1, 2023.

    Additional Key Financial Metrics:

    • Capital Expenditures: Capital expenditures were $51 million during the Quarter which were lower than the $95 million in the Prior Quarter and lower than $61 million in the second quarter of 2024. During the Quarter the majority of capital expenditures were incurred in Colombia on Cohembi drilling and infrastructure.
    • Oil, Natural Gas and Natural Gas Liquids (“NGL”) Sales: Gran Tierra generated sales of $152 million, down 8% from the second quarter of 2024 primarily as a result of a 22% decrease in Brent pricing, partially offset by 43% higher sales volumes due to higher production and lower Castilla, Oriente, and Vasconia oil differentials. Oil sales decreased 11% from the Prior Quarter primarily due to an 11% decrease in Brent price, partially offset by lower Castilla, Oriente, and Vasconia oil differentials.
    • South American Quality and Transportation Discounts: The Company’s quality and transportation discounts in South America per bbl were lower during the Quarter at $10.30, compared to $11.58 in the Prior Quarter and $12.79 in the second quarter of 2024. The Castilla oil differential per bbl tightened to $4.73, down from $5.34 in the Prior Quarter and $8.21 in the second quarter of 2024 (Castilla is the benchmark for the Company’s Middle Magdalena Valley Basin oil production). The Vasconia differential per bbl tightened to $1.71, down from $2.27 in the Prior Quarter, and $4.00 in the second quarter of 2024. The Ecuadorian benchmark, Oriente, per bbl was $7.26, down from $7.65 in the Prior Quarter and $8.38 in the second quarter of 2024. The current(2) differentials are approximately $4.38 per bbl for Castilla, $1.38 per bbl for Vasconia, and $7.64 per bbl for Oriente.
    • Operating Expenses: On a per boe basis, operating expenses decreased by 17% when compared to the second quarter of 2024 and 16% when compared to the Prior Quarter, primarily due to lower workover activities and lower lifting costs associated with inventory build-up in Ecuador, power generation, and equipment rentals. This was the lowest operating expense per boe achieved since the first quarter of 2022. Total operating expenses decreased by 17% to $56 million, compared to the Prior Quarter, largely driven by lower workover activities and reduced lifting costs related to power generation, equipment rental, and inventory fluctuation in Ecuador. Compared to the second quarter of 2024, total operating expenses increased by 19% from $47 million, primarily due to the addition of Canadian operations and the ramp-up of activity in Ecuador. The increase in total operating costs is commensurate with the 44% increase in production.
    • Transportation Expenses: The Company’s transportation expenses increased by 10% to $8 million, compared to the Prior Quarter’s transportation expenses of $7 million as a result of incremental sales volumes transported by Canadian operations resulting in higher tolls. When compared to the second quarter of 2024 transportation expenses increased from $6 million due to new Canadian operations, higher sales volumes transported in Ecuador, partially offset by lower sales volumes transported in Colombia.
    • Operating Netback(1)(3): The Company’s operating netback(1)(3) was $21.39 per boe, down 6% from the Prior Quarter and down 45% from the second quarter of 2024, primarily as a result of a decrease in oil pricing. The decrease from the second quarter of 2024 is a result in the change in the Company’s production mix with the addition of the Canadian assets.
    • General and Administrative (“G&A”) Expenses: G&A expenses before stock-based compensation were $3.48 per boe, up from $2.86 per boe in the Prior Quarter, due to the timing of certain annual corporate expenses. G&A expenses before stock-based compensation were down from $3.77 per boe, compared to the second quarter of 2024 as a result of higher sales volumes from the inclusion of Canadian operations in the Quarter.
    • Cash Netback(1): Cash netback(1) per boe decreased to $12.95, compared to $13.04 in the Prior Quarter, primarily as a result of lower operating netback(1) and were offset by lower current income tax expense and positive cash settlement on derivative instruments. Compared to one year ago, cash netback(1) per boe decreased by $2.90 from $15.85 per boe as a result of lower operating netback(1) while being offset by lower current tax expense.

    Financial and Operational Highlights (all amounts in $000s, except per share and boe amounts)

    Consolidated Financial Data Three Months Ended June 30,   Three Months Ended March 31,   Six Months Ended June 30,
      2025 2024   2025   2025 2024
                   
    Net (Loss) Income $(12,741) $36,371   $(19,280)   $(32,021) $36,293
    Per Share – Basic and Diluted $(0.36) $1.16   $(0.54)   $(0.90) $1.15
                   
    Oil, Natural Gas and NGL Sales $152,481 $165,609   $170,533   $323,014 $323,186
    Operating Expenses (55,855) (47,035)   (67,354)   (123,209) (95,501)
    Transportation Expenses (7,618) (5,690)   (6,911)   (14,529) (10,274)
    Operating Netback (1)(3) $89,008 $112,884   $96,268   $185,276 $217,411
                   
    G&A Expenses Before Stock-Based Compensation $14,460 $10,967   $12,143   $26,603 $21,749
    G&A Stock-Based Compensation Expense (Recovery) 546 6,160   (517)   29 9,521
    G&A Expenses, Including Stock Based Compensation $15,006 $17,127   $11,626   $26,632 $31,270
                   
    Adjusted EBITDA (1) $76,987 $103,004   $85,162   $162,149 $197,796
                   
    EBITDA (1) $84,908 $101,187   $79,710   $164,618 $193,078
                   
    Net Cash Provided by Operating Activities $34,677 $73,233   $73,230   $107,907 $134,060
                   
    Funds Flow from Operations (1) $53,906 $46,167   $55,344   $109,250 $120,474
                   
    Capital Expenditures (Before Changes in Working Capital) $51,170 $61,273   $94,727   $145,897 $116,604
                   
    Free Cash Flow (1) $2,736 $(15,106)   $(39,383)   $(36,647) $3,870
                   
    Average Daily Production (boe/d)              
    WI Production Before Royalties 47,196 32,776   46,647   46,923 32,509
    Royalties (7,396) (6,774)   (8,084)   (7,738) (6,586)
    Production NAR 39,800 26,002   38,563   39,185 25,923
    Decrease (Increase) in Inventory (1,469) (811)   461   (509) (288)
    Sales 38,331 25,191   39,024   38,676 25,635
    Royalties, % of WI Production Before Royalties 16% 21%   17%   16% 20%
                   
    Cash Netback ($/boe )(1)              
    Average Realized Price before Royalties 43.71 72.24   48.55   46.14 69.27
    Royalties (7.07) (15.31)   (8.33)   (7.69) (14.16)
    Average Realized Price 36.64 56.93   40.22   38.45 55.11
    Transportation Expenses (1.83) (1.96)   (1.63)   (1.73) (1.75)
    Average Realized Price Net of Transportation Expenses 34.81 54.97   38.59   36.72 53.36
    Operating Expenses (13.42) (16.17)   (15.89)   (14.67) (16.29)
    Operating Netback (1)(3) 21.39 38.80   22.70   22.05 37.07
    G&A Expenses Before Stock-Based Compensation (3.48) (3.77)   (2.86)   (3.17) (3.71)
    Realized Foreign Exchange (Loss) Gain (0.14) 0.37   (0.51)   (0.33) (0.06)
    Cash Settlement on Derivative Instruments 0.39   0.10   0.25
    Interest Expense, Excluding Amortization of Debt Issuance Costs (4.87) (5.38)   (4.58)   (4.72) (5.24)
    Interest Income 0.06 0.35   0.10   0.08 0.29
    Other Gain 0.09     0.04
    Net Lease Payments 0.04 0.02   0.04   0.04 0.07
    Current Income Tax Expense (0.53) (14.54)   (1.95)   (1.25) (7.88)
    Cash Netback (1) $12.95 $15.85   $13.04   $12.99 $20.54
                   
    Share Information (000s)              
    Common Stock Outstanding, End of Period 35,289 31,022   35,524   35,289 31,022
    Weighted Average Number of Shares of Common Stock Outstanding – Basic and Diluted 35,335 31,282   35,777   35,555 31,547
    South American Operational Information Three Months Ended June 30,   Three Months Ended March 31,   Six Months Ended June 30,
      2025 2024   2025   2025 2024
    Operating Netback (1)(3)              
    Oil Sales $118,187 $165,609   $138,671   $256,858 $323,186
    Operating Expenses (42,554) (47,035)   (50,827)   (93,381) (95,501)
    Transportation Expenses (4,176) (5,690)   (4,304)   (8,480) (10,274)
    Operating Netback (1)(3) $71,457 $112,884   $83,540   $154,997 $217,411
                   
    Capital Expenditures (Before Changes in Working Capital) $49,327 $60,806   $64,984   $114,311 $116,137
                   
    Average Daily Production (boe/d)              
    WI Production Before Royalties 29,700 32,776   29,686   29,693 32,509
    Royalties (5,209) (6,774)   (5,844)   (5,525) (6,586)
    Production NAR 24,491 26,002   23,842   24,168 25,923
    Decrease (Increase) in Inventory (1,469) (811)   461   (509) (288)
    Sales 23,022 25,191   24,303   23,659 25,635
    Royalties, % of WI Production Before Royalties 18% 21%   20%   19% 20%
                   
    Operating Netback ($/boe) (1)(3)              
    Brent $66.71 $85.03   $74.98   $70.81 $83.42
    Quality and Transportation Discount (10.30) (12.79)   (11.58)   (10.82) (14.15)
    Royalties (10.41) (15.31)   (12.29)   (11.36) (14.16)
    Average Realized Price 46.00 56.93   51.11   48.63 55.11
    Transportation Expenses (1.63) (1.96)   (1.59)   (1.61) (1.75)
    Average Realized Price Net of Transportation Expenses 44.37 54.97   49.52   47.02 53.36
    Operating Expenses (16.56) (16.17)   (18.73)   (17.68) (16.29)
    Operating Netback (1)(3) $27.81 $38.80   $30.79   $29.34 $37.07
    Canadian Operational Information (4) Three Months Ended June 30,   Three Months Ended March 31,   Six Months Ended June 30,
      2025 2024   2025   2025 2024
    Operating Netback (1)(3)              
    Oil Sales $23,196 $—   $21,269   $44,465 $—
    Natural Gas Sales 6,894   7,561   14,455
    NGL Sales 6,364   7,997   14,361
    Royalties (2,158)   (4,966)   (7,124)
    Oil, Natural Gas and NGL Sales After Royalties $34,296 $—   $31,861   $66,157 $—
    Operating Expenses (13,301)   (16,527)   (29,828)
    Transportation Expenses (3,442)   (2,607)   (6,049)
    Operating Netback (1)(3) $17,553 $—   $12,727   $30,280 $—
                   
    Capital Expenditures (Before Changes in Working Capital) $1,796 $—   $29,360   $31,156 $—
                   
    Average Daily Production              
    Crude Oil (bbl/d) 4,335   3,623   3,981
    Natural Gas (mcf/d) 50,124   49,860   49,992
    NGLs (bbl/d) 4,807   5,029   4,917
    WI Production Before Royalties (boe/d) 17,496   16,961   17,230
    Royalties (boe/d) (2,187)   (2,240)   (2,213)
    Production NAR (boe/d) 15,309   14,721   15,017
    Sales (boe/d) 15,309   14,721   15,017
    Royalties, % of WI Production Before Royalties 13% —%   13%   13% —%
                   
    Benchmark Prices              
    West Texas Intermediate ($/bbl) 63.81 80.82   71.47   67.60 78.95
    AECO Natural Gas Price (C$/GJ) 1.60 1.12   2.05   1.82 1.74
                   
    Average Realized Price              
    Crude Oil ($/bbl) 58.80   65.23   61.71
    Natural Gas ($/mcf) 1.51   1.69   1.60
    NGLs ($/bbl) 14.55   17.67   16.14
                   
    Operating Netback ($/boe) (1)(3)              
    Average Realized Price $22.90 $—   $24.12   $23.50 $—
    Royalties (1.36)   (3.25)   (2.28)
    Transportation Expenses (2.16)   (1.71)   (1.94)
    Operating Expenses (8.35)   (10.83)   (9.56)
    Operating Netback (1)(3) $11.03 $—   $8.33   $9.72 $—


    (1) Funds flow from operations, operating netback, net debt, cash netback, earnings before interest, taxes and depletion, depreciation and accretion (“DD&A”) (EBITDA) and EBITDA adjusted for non-cash lease expense, lease payments, foreign exchange gains or losses, stock-based compensation expense, other gains or losses, transaction costs and financial instruments gains or losses (“Adjusted EBITDA”), cash flow and free cash flow are non-GAAP measures and do not have standardized meanings under generally accepted accounting principles in the United States of America (“GAAP”). Cash flow refers to funds flow from operations. Free cash flow refers to funds flow from operations less capital expenditures. Refer to “Non-GAAP Measures” in this press release for descriptions of these non-GAAP measures and, where applicable, reconciliations to the most directly comparable measures calculated and presented in accordance with GAAP.

    (2) Gran Tierra’s third quarter-to-date 2025 total average differentials and average production are for the period from July 1 to July 30, 2025.
    (3) Operating netback as presented is defined as oil sales less operating and transportation expenses. See the table titled Financial and Operational Highlights above for the components of consolidated operating netback and corresponding reconciliation.
    (4) Gran Tierra entered Canada with the acquisition of i3 Energy which closed October 31, 2024, therefore no comparative data is provided for the corresponding periods of 2024.


    Conference Call Information:

    Gran Tierra will host its second quarter 2025 results conference call on Thursday, July 31, 2025, at 9:00 a.m. Mountain Time, 11:00 a.m. Eastern Time. Interested parties may access the conference call by registering at the following link: https://register-conf.media-server.com/register/BId33e377f2b494c3c95a7fbd1df59627e. The call will also be available via webcast at www.grantierra.com.

    Corporate Presentation:

    Gran Tierra’s Corporate Presentation has been updated and is available on the Company website at www.grantierra.com.

    Contact Information

    For investor and media inquiries please contact:

    Gary Guidry
    President & Chief Executive Officer

    Ryan Ellson
    Executive Vice President & Chief Financial Officer

    +1-403-265-3221

    info@grantierra.com

    About Gran Tierra Energy Inc.

    Gran Tierra Energy Inc., together with its subsidiaries is an independent international energy company currently focused on oil and natural gas exploration and production in Canada, Colombia and Ecuador. The Company is currently developing its existing portfolio of assets in Canada, Colombia and Ecuador and will continue to pursue additional new growth opportunities that would further strengthen the Company’s portfolio. The Company’s common stock trades on the NYSE American, the Toronto Stock Exchange and the London Stock Exchange under the ticker symbol GTE. Additional information concerning Gran Tierra is available at www.grantierra.com. Except to the extent expressly stated otherwise, information on the Company’s website or accessible from our website or any other website is not incorporated by reference into and should not be considered part of this press release. Investor inquiries may be directed to info@grantierra.com or (403) 265-3221.

    Gran Tierra’s Securities and Exchange Commission (the “SEC”) filings are available on the SEC website at http://www.sec.gov. The Company’s Canadian securities regulatory filings are available on SEDAR+ at http://www.sedarplus.ca and UK regulatory filings are available on the National Storage Mechanism website at https://data.fca.org.uk/#/nsm/nationalstoragemechanism.

    Forward Looking Statements and Legal Advisories:

    This press release contains opinions, forecasts, projections, and other statements about future events or results that constitute forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and financial outlook and forward looking information within the meaning of applicable Canadian securities laws (collectively, “forward-looking statements”). All statements other than statements of historical facts included in this press release regarding our business strategy, plans and objectives of our management for future operations, capital spending plans and benefits of the changes in our capital program or expenditures, our liquidity and financial condition, and those statements preceded by, followed by or that otherwise include the words “expect,” “plan,” “can,” “will,” “should,” “guidance,” “forecast,” “budget,” “estimate,” “signal,” “progress”, “anticipates” and “believes,” derivations thereof and similar terms identify forward-looking statements. In particular, but without limiting the foregoing, this press release contains forward-looking statements regarding: : the Company’s expectations regarding committed funding (including but not limited to the signing of a mandate for prepayment structure backed by crude oil deliveries), liquidity and its leverage ratio target, the Company’s plans regarding strategic investments, acquisitions, dispositions, synergies, and growth, the Company’s drilling program and capital expenditures and the Company’s expectations of commodity prices, exploration and production trends and its positioning for 2025. The forward-looking statements contained in this press release reflect several material factors and expectations and assumptions of Gran Tierra including, without limitation, that Gran Tierra will continue to conduct its operations in a manner consistent with its current expectations, pricing and cost estimates (including with respect to commodity pricing and exchange rates), the general continuance of assumed operational, regulatory and industry conditions in Canada, Colombia and Ecuador, and the ability of Gran Tierra to execute its business and operational plans in the manner currently planned.

    Among the important factors that could cause our actual results to differ materially from the forward-looking statements in this press release include, but are not limited to: our ability to successfully integrate the assets and operations of i3 Energy Plc (“i3Energy”) and realize the anticipated benefits and operating synergies expected from the 2024 acquisition of i3 Energy; certain of our operations are located in South America and unexpected problems can arise due to guerilla activity, strikes, local blockades or protests; technical difficulties and operational difficulties may arise which impact the production, transport or sale of our products; other disruptions to local operations; global health events; global and regional changes in the demand, supply, prices, differentials or other market conditions affecting oil and gas, including inflation and changes resulting from actual or anticipated tariffs and trade policies, global health crises, geopolitical events, including the conflicts in Ukraine and the Middle East, or from the imposition or lifting of crude oil production quotas or other actions that might be imposed by OPEC and other producing countries and the resulting company or third-party actions in response to such changes; changes in commodity prices, including volatility or a prolonged decline in these prices relative to historical or future expected levels; the risk that current global economic and credit conditions may impact oil prices and oil consumption more than we currently predict, which could cause further modification of our strategy and capital spending program; prices and markets for oil and natural gas are unpredictable and volatile; the effect of hedges; the accuracy of productive capacity of any particular field; geographic, political and weather conditions can impact the production, transport or sale of our products; our ability to execute our business plan, which may include acquisitions, and realize expected benefits from current or future initiatives; the risk that unexpected delays and difficulties in developing currently owned properties may occur; the ability to replace reserves and production and develop and manage reserves on an economically viable basis; the accuracy of testing and production results and seismic data, pricing and cost estimates (including with respect to commodity pricing and exchange rates); the risk profile of planned exploration activities; the effects of drilling down-dip; the effects of waterflood and multi-stage fracture stimulation operations; the extent and effect of delivery disruptions, equipment performance and costs; actions by third parties; the timely receipt of regulatory or other required approvals for our operating activities; the failure of exploratory drilling to result in commercial wells; unexpected delays due to the limited availability of drilling equipment and personnel; volatility or declines in the trading price of our common stock or bonds; the risk that we do not receive the anticipated benefits of government programs, including government tax refunds; our ability to access debt or equity capital markets from time to time to raise additional capital, increase liquidity, fund acquisitions or refinance debt; the risk that we are unable to successfully negotiate final terms and close an anticipated prepayment structure backed by crude oil deliveries, our ability to comply with financial covenants in our indentures and make borrowings under our credit agreements; and the risk factors detailed from time to time in Gran Tierra’s periodic reports filed with the Securities and Exchange Commission, including, without limitation, under the caption “Risk Factors” in Gran Tierra’s Annual Report on Form 10-K for the year ended December 31, 2024 filed February 24, 2025 and its other filings with the SEC. These filings are available on the SEC website at http://www.sec.gov and on SEDAR+ at www.sedarplus.ca.

    The forward-looking statements contained in this press release are based on certain assumptions made by Gran Tierra based on management’s experience and other factors believed to be appropriate. Gran Tierra believes these assumptions to be reasonable at this time, but the forward-looking statements are subject to risk and uncertainties, many of which are beyond Gran Tierra’s control, which may cause actual results to differ materially from those implied or expressed by the forward looking statements. The risk that the assumptions on which the 2025 outlook are based prove incorrect may increase the later the period to which the outlook relates. All forward-looking statements are made as of the date of this press release and the fact that this press release remains available does not constitute a representation by Gran Tierra that Gran Tierra believes these forward-looking statements continue to be true as of any subsequent date. Actual results may vary materially from the expected results expressed in forward-looking statements. Gran Tierra disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable law. In addition, historical, current and forward-looking sustainability-related statements may be based on standards for measuring progress that are still developing, internal controls and processes that continue to evolve, and assumptions that are subject to change in the future.

    The forecasts of expected liquidity to address bond amortization in the fourth quarter of 2026 and that Gran Tierra’s credit facilities would have a zero balance by the end of the year may be considered to be future-oriented financial information or a financial outlook for the purposes of applicable Canadian securities laws. Financial outlook and future-oriented financial information contained in this press release about prospective financial performance, financial position or cash flows are provided to give the reader a better understanding of the potential future performance of the Company in certain areas and are based on assumptions about future events, including economic conditions and proposed courses of action, based on management’s assessment of the relevant information currently available, and to become available in the future. In particular, this press release contains projected operational and financial information for the end of 2025 and the fourth quarter of 2026. These projections contain forward-looking statements and are based on a number of material assumptions and factors set out above. Actual results may differ significantly from the projections presented herein. The actual results of Gran Tierra’s operations for any period could vary from the amounts set forth in these projections, and such variations may be material. See above for a discussion of the risks that could cause actual results to vary. The future-oriented financial information and financial outlooks contained in this press release have been approved by management as of the date of this press release. Readers are cautioned that any such financial outlook and future-oriented financial information contained herein should not be used for purposes other than those for which it is disclosed herein. The Company and its management believe that the prospective financial information has been prepared on a reasonable basis, reflecting management’s best estimates and judgments, and represent, to the best of management’s knowledge and opinion, the Company’s expected course of action. However, because this information is highly subjective, it should not be relied on as necessarily indicative of future results.

    Non-GAAP Measures

    This press release includes non-GAAP financial measures as further described herein. These non-GAAP measures do not have a standardized meaning under GAAP. Investors are cautioned that these measures should not be construed as alternatives to net income or loss, cash flow from operating activities or other measures of financial performance as determined in accordance with GAAP. Gran Tierra’s method of calculating these measures may differ from other companies and, accordingly, they may not be comparable to similar measures used by other companies. Each non-GAAP financial measure is presented along with the corresponding GAAP measure so as to not imply that more emphasis should be placed on the non-GAAP measure.

    Operating netback, as presented, is defined as oil sales less operating and transportation expenses. See the table entitled Financial and Operational Highlights above for the components of consolidated operating netback and corresponding reconciliation.

    Cash netback as presented is defined as net income or loss adjusted for DD&A expenses, deferred tax expense or recovery, stock-based compensation expense or recovery, amortization of debt issuance costs, non-cash lease expense, lease payments, unrealized foreign exchange gain or loss, other gain or loss and unrealized derivative instruments gain or loss. Management believes that operating netback and cash netback are useful supplemental measures for investors to analyze financial performance and provide an indication of the results generated by Gran Tierra’s principal business activities prior to the consideration of other income and expenses. A reconciliation from net income or loss to cash netback is as follows:

      Three Months Ended June 30,   Three Months Ended March 31,   Six Months Ended June 30,
    Cash Netback – (Non-GAAP) Measure ($000s)   2025     2024       2025       2025     2024  
    Net (Loss) Income $ (12,741 ) $ 36,371     $ (19,280 )   $ (32,021 ) $ 36,293  
    Adjustments to reconcile net loss or income to cash netback              
    DD&A expenses   68,635     55,490       72,202       140,837     111,640  
    Deferred tax expense (recovery)   2,453     (51,361 )     (4,712 )     (2,259 )   (37,882 )
    Stock-based compensation expense (recovery)   546     6,160       (517 )     29     9,521  
    Amortization of debt issuance costs   4,082     2,760       3,833       7,915     6,066  
    Non-cash lease expense   1,725     1,381       1,736       3,461     2,794  
    Lease payments   (1,545 )   (1,311 )     (1,567 )     (3,112 )   (2,369 )
    Unrealized foreign exchange loss (gain)   3,114     (3,323 )     1,687       4,801     (5,589 )
    Other loss   38           52       90      
    Unrealized derivative instrument (gain) loss   (12,401 )         1,910       (10,491 )    
    Cash netback $ 53,906   $ 46,167     $ 55,344     $ 109,250   $ 120,474  

    EBITDA, as presented, is defined as net income or loss adjusted for DD&A expenses, interest expense and income tax expense or recovery. Adjusted EBITDA, as presented, is defined as EBITDA adjusted for non-cash lease expense, lease payments, foreign exchange gain or loss, stock-based compensation expense or recovery, other gain or loss and unrealized derivative instruments gain or loss. Management uses this supplemental measure to analyze performance and income generated by our principal business activities prior to the consideration of how non-cash items affect that income, and believes that this financial measure is useful supplemental information for investors to analyze our performance and our financial results. A reconciliation from net income or loss to EBITDA and adjusted EBITDA is as follows:

      Three Months Ended June 30,   Three Months Ended March 31,   Six Months Ended June 30,   Twelve Month Trailing June 30,
    EBITDA – (Non-GAAP) Measure ($000s)   2025     2024       2025       2025     2024       2025  
    Net (Loss) Income $ (12,741 ) $ 36,371     $ (19,280 )   $ (32,021 ) $ 36,293     $ (65,098 )
    Adjustments to reconcile net loss or income to EBITDA and Adjusted EBITDA                  
    DD&A expenses   68,635     55,490       72,202       140,837     111,640       259,816  
    Interest expense   24,366     18,398       23,235       47,601     36,822       91,245  
    Income tax expense (recovery)   4,648     (9,072 )     3,553       8,201     8,323       41,267  
    EBITDA $ 84,908   $ 101,187     $ 79,710     $ 164,618   $ 193,078     $ 327,230  
    Non-cash lease expense   1,725     1,381       1,736       3,461     2,794       6,590  
    Lease payments   (1,545 )   (1,311 )     (1,567 )     (3,112 )   (2,369 )     (5,778 )
    Foreign exchange loss (gain)   3,716     (4,413 )     3,838       7,554     (5,228 )     3,974  
    Stock-based compensation expense (recovery)   546     6,160       (517 )     29     9,521       215  
    Other loss   38           52       90           90  
    Unrealized derivative instrument (gain) loss   (12,401 )         1,910       (10,491 )         (7,117 )
    Adjusted EBITDA $ 76,987   $ 103,004     $ 85,162     $ 162,149   $ 197,796     $ 325,204  

    Funds flow from operations, as presented, is defined as net income or loss adjusted for DD&A expenses, deferred tax expense or recovery, stock-based compensation expense or recovery, amortization of debt issuance costs, non-cash lease expense, lease payments, unrealized foreign exchange gain or loss, other gain or loss and unrealized gain or loss on derivative instruments. Management uses this financial measure to analyze performance and income or loss generated by our principal business activities prior to the consideration of how non-cash items affect that income or loss, and believes that this financial measure is also useful supplemental information for investors to analyze performance and our financial results. Free cash flow, as presented, is defined as funds flow from operations adjusted for capital expenditures. Management uses this financial measure to analyze cash flow generated by our principal business activities after capital requirements and believes that this financial measure is also useful supplemental information for investors to analyze performance and our financial results. A reconciliation from net income or loss to both funds flow from operations and free cash flow is as follows:

      Three Months Ended June 30,   Three Months Ended March 31,   Six Months Ended June 30,   Twelve Month Trailing June 30,
    Funds Flow From Operations – (Non-GAAP) Measure ($000s)   2025     2024       2025       2025     2024       2025  
    Net (Loss) Income $ (12,741 ) $ 36,371     $ (19,280 )   $ (32,021 ) $ 36,293     $ (65,098 )
    Adjustments to reconcile net loss or income to funds flow from operations                  
    DD&A expenses   68,635     55,490       72,202       140,837     111,640       259,816  
    Deferred tax expense (recovery)   2,453     (51,361 )     (4,712 )     (2,259 )   (37,882 )     7,735  
    Stock-based compensation expense (recovery)   546     6,160       (517 )     29     9,521       215  
    Amortization of debt issuance costs   4,082     2,760       3,833       7,915     6,066       14,767  
    Non-cash lease expense   1,725     1,381       1,736       3,461     2,794       6,590  
    Lease payments   (1,545 )   (1,311 )     (1,567 )     (3,112 )   (2,369 )     (5,778 )
    Unrealized foreign exchange loss (gain)   3,114     (3,323 )     1,687       4,801     (5,589 )     2,497  
    Other loss   38           52       90           90  
    Unrealized derivative instrument (gain) loss   (12,401 )         1,910       (10,491 )         (7,117 )
    Funds flow from operations $ 53,906   $ 46,167     $ 55,344     $ 109,250   $ 120,474     $ 213,717  
    Capital expenditures $ 51,170   $ 61,273     $ 94,727     $ 145,897   $ 116,604     $ 285,471  
    Free cash flow $ 2,736   $ (15,106 )   $ (39,383 )   $ (36,647 ) $ 3,870     $ (71,754 )

    Net debt as of June 30, 2025, was $746 million, calculated using the sum of the aggregate principal amount of 7.75% Senior Notes, 9.50% Senior Notes outstanding and amount drawn on credit facilities, excluding deferred financing fees, totaling $807 million, less cash and cash equivalents of $61 million. Management believes that net debt is a useful supplemental measure for management and investors in order to evaluate the financial sustainability of the Company’s business and leverage. The most directly comparable GAAP measure is total debt.

    Presentation of Oil and Gas Information

    Boes have been converted on the basis of six thousand cubic feet (“Mcf”) natural gas to 1 boe of oil. Boes may be misleading, particularly if used in isolation. A boe conversion ratio of 6 Mcf: 1 boe is based on an energy equivalency conversion method primarily applicable at the burner tip and does not represent a value equivalency at the wellhead. In addition, given that the value ratio based on the current price of oil as compared with natural gas is significantly different from the energy equivalent of six to one, utilizing a boe conversion ratio of 6 Mcf: 1 boe would be misleading as an indication of value.

    References to a formation where evidence of hydrocarbons has been encountered is not necessarily an indicator that hydrocarbons will be recoverable in commercial quantities or in any estimated volume. Gran Tierra’s reported production is a mix of light crude oil and medium heavy crude oil, tight oil, conventional natural gas, shale gas and natural gas liquids for which there is no precise breakdown since the Company’s sales volumes typically represent blends of more than one product type. Well test results should be considered as preliminary and not necessarily indicative of long-term performance or of ultimate recovery. Well log interpretations indicating oil and gas accumulations are not necessarily indicative of future production or ultimate recovery. If it is indicated that a pressure transient analysis or well-test interpretation has not been carried out, any data disclosed in that respect should be considered preliminary until such analysis has been completed. References to thickness of “oil pay” or of a formation where evidence of hydrocarbons has been encountered is not necessarily an indicator that hydrocarbons will be recoverable in commercial quantities or in any estimated volume.

    This press release contains certain oil and gas metrics, including operating netback and cash netback, which do not have standardized meanings or standard methods of calculation and therefore such measures may not be comparable to similar measures used by other companies and should not be used to make comparisons. These metrics are calculated as described in this press release and management believes that they are useful supplemental measures for the reasons described in this press release.

    Such metrics have been included herein to provide readers with additional measures to evaluate the Company’s performance; however, such measures are not reliable indicators of the future performance of the Company and future performance may not compare to the performance in previous periods.

    The MIL Network

  • MIL-OSI United Nations: With Gaza smouldering, ministers renew push for two-State solution at UN

    Source: United Nations 4

    The High-level International Conference for the Peaceful Settlement of the Question of Palestine and the Implementation of the Two-State Solution took place in New York from 28 to 30 July.

    The United States and Israel did not participate.

    France and Saudi Arabia, co-chairs of the Conference, called on all UN Member States to support a declaration urging collective action to end the war in Gaza and to achieve a just, peaceful and lasting settlement of the Israeli-Palestinian conflict.

    The New York Declaration on the Peaceful Settlement of the Question of Palestine and the Implementation of the Two-State Solution outlines political, humanitarian, and security steps to be taken on a timebound and irreversible basis.

    The co-chairs urged countries to endorse the declaration by the end of the 79th session of the General Assembly, in early September, should they so wish.

    Act before it is too late

    In his stark opening remarks on Monday, Secretary-General Guterres stressed that the two-State solution is the only viable path to ending the longstanding conflict and achieving lasting peace in the region, warning that there is no alternative.

    “A one-State reality where Palestinians are denied equal rights and forced to live under perpetual occupation and inequality? A one-State reality where Palestinians are expelled from their land? That is not peace. That is not justice. And that is not acceptable,” he said.

    He condemned both Hamas’ 7 October 2023 attacks and the scale of Israel’s military response, reiterating his call for an immediate and permanent ceasefire, the unconditional release of hostages, and unfettered humanitarian access.

    “This conflict cannot be managed. It must be resolved,” Mr. Guterres concluded. “We must act before it is too late.”

    UN Photo/Evan Schneider

    Secretary-General António Guterres addresses the high-level conference on the peaceful settlement of the question of Palestine and the implementation of the two-State solution.

    Calls for peace

    Over the three days, more than 125 speakers took the floor during the general debate, including high-level representatives from across the globe and major regional and international organizations such as the Organization of Islamic Cooperation (OIC) and the International Committee of the Red Cross (ICRC).

    Delegates underscored the urgency of concrete steps to realise a two-State solution, highlighting the need to empower and reform the Palestinian Authority, reconstruct Gaza and ensure accountability for violations of international law.

    France, which co-chaired the Conference, recalled its support for Israel as it joined the community of nations and affirmed that Palestinians deserve the same right to a homeland.

    “At a time where the two-State solution is more threatened than ever, France is ready to fully recognise the State of Palestine,” said Jean-Noël Barrot, Minister for Europe and Foreign Affairs. That recognition, he added, would come in September when leaders reconvene for the General Assembly’s 80th session.

    Co-chair Saudi Arabia’s Foreign Minister, Faisal bin Farhan al Saud, emphasised the suffering of thousands of civilians in Gaza under bombardment, while Israeli settlements expand in Jerusalem and the West Bank to alter the region’s demographic nature.

    “Peace and security do not take place through deprivation of rights or force,” he said, underscoring the need for a genuine and irreversible peace process.

    UN Photo/Loey Felipe

    Foreign Secretary David Lammy of the United Kingdom addresses the high-level conference.

    The United Kingdom’s Foreign Secretary, David Lammy, outlined recent UK actions – including the suspension of arms exports and sanctions on extremist settlers, and restoring of funding to the UN Relief and Works Agency for Palestine Refugees.

    “It is with the hand of history on our shoulders that His Majesty’s Government therefore intends to recognise the State of Palestine when the UN General Assembly gathers in September here in New York,” he declared.

    “We will do this unless the Israeli Government acts to end the appalling situation in Gaza, ends its military campaign and commits to a long-term sustainable peace based on a two-State solution.”

    MIL OSI United Nations News

  • MIL-OSI Canada: Remarks by the Minister of Foreign Affairs, Anita Anand at the Ministerial Conference on the Peaceful Settlement of the Question of Palestine and the Implementation of the Two-State Solution

    Source: Government of Canada News

    July 28, 2025
    New York, New York

    Check against delivery

    Excellencies, distinguished delegates, honoured colleagues.

    The Palestinian question is at the heart of any hope for long-term stability in the Middle East.

    Despite the complexity of the situation, our collective presence here today reflects strong international support for a negotiated solution.

    One that ensures Palestinian self-determination and Israeli security.

    And one that charts a path toward lasting regional peace and prosperity.

    As article 1 of the UN Declaration of Human Rights states: “All human beings are born free and equal in dignity and rights.”

    Canada remains firmly committed to a two-state solution: an independent, viable and sovereign Palestinian state living side by side with Israel in peace and security.

    Canada supports the Palestinian people’s right to self-determination.

    And we endorse the principle of Palestinian statehood.

    We shall continue to discuss with the Palestinian Authority the next steps in our relationship.

    A workable Palestinian state needs legitimate, democratic governance that serves all Palestinian people.

    Crucially important is the Palestinian Authority’s commitment to undertake the comprehensive reforms necessary to govern Gaza and the West Bank.

    To that end, today Canada is pledging an additional $10 million this year to accelerate reform and capacity building for the Palestinian Authority.

    Canada’s commitment to a two-state solution is rooted in our desire to see the Palestinian people living with freedom and dignity AND to see Israelis live in peace and security.

    In this light, this path is not only the most just course, it is the only sustainable one.

    In Gaza, the humanitarian situation is catastrophic.

    Multitudes of Palestinians are dying of starvation, being killed trying to access food and water or are in military operations that have resulted in mass casualties. And those who survive are at risk of preventable disease and death.

    This is unacceptable.

    We condemn the continued detention of hostages held captive by Hamas since 7 October, 2023, and call for their immediate and unconditional release.

    Hamas is a terrorist organization, and it must immediately and unconditionally release all hostages.

    Hamas can have no role in Gaza’s future governance.

    Israel’s right to live in peace and security with its neighbours has long been, and continues to be, a key principle of Canada’s Middle East policy.

    I believe this right must be recognized by all partners who are committed to peace.

    To this principle must be joined our shared commitment to Palestine’s right to live in peace and security.

    Joined by international partners, Canada also recently condemned the ongoing civilian suffering:

    • We condemn the inhumane killing of civilians, including children.
    • We condemn the ongoing expansion of settlements and settler violence in the West Bank.
    • And we condemn the forced displacement of the Palestinians population.

    The actions outlined just now are all violations of international humanitarian law.

    We urge all partners to continue to support a principled response through non-governmental humanitarian organizations—organizations with proven capacity to deliver humanitarian assistance at scale.

    Canada has committed more than $315 million in humanitarian aid to Gaza—making us the third-largest bilateral donor in response to this crisis.

    This includes:

    • Support to the World Food Programme to address critical food assistance needs.
    • Support to the International Committee of the Red Cross [and] Red Crescent to provide emergency medical care and protection.
    • Support to UNICEF to deliver urgent nutritional supplies to malnourished children.
    • And support to other experienced humanitarian partners and NGOs.

    Announcement

    Today, given the ongoing and urgent need, Canada is announcing an additional $30 million in new money this year for those in Gaza.

    This funding will allow more aid to be prepositioned in the region and ready to be delivered at scale as soon as logistically possible.

    For this critical aid to reach those in need, humanitarian partners must be granted safe and unhindered access to civilians in Gaza.

    But how do we get to a place where recovery and healing can begin?

    Canada sees this conference as a reaffirmation of principles—and a call to action.

    A lasting political solution requires a permanent ceasefire to begin the hard work of rebuilding institutions, restoring trust and the conditions for a viable two-state solution.

    [In this regard, Canada commends the efforts of Qatar, Egypt and the United States in looking to secure a ceasefire.]

    No durable solution can emerge without all parties at the table.

    Until that time, and after a ceasefire, the Government of Canada will be present with humanitarian aid and will play a leading role in building bridges to more and more aid for Gaza with international partners.

    MIL OSI Canada News

  • MIL-OSI USA: SBA Offers Relief to Washington Small Businesses and Private Nonprofits Affected by Drought

    Source: United States Small Business Administration

    SACRAMENTO, Calif. – The U.S. Small Business Administration (SBA) announced the availability of low interest federal disaster loans to small businesses and private nonprofit (PNP) organizations in Washington to offset economic losses caused by drought beginning July 8.

    The declaration covers the Washington counties of Adams, Asotin, Columbia, Franklin, Garfield, Lincoln, Spokane and Whitman as well as Idaho counties of Benewah, Latah and Nez Perce and the Oregon county of Wallowa.

    Under this declaration, SBA’s Economic Injury Disaster Loan (EIDL) program is available to small businesses, small agricultural cooperatives, nurseries, and PNPs including faith-based with financial losses directly related to the disaster. The SBA is unable to provide disaster loans to agricultural producers, farmers, or ranchers, except for small aquaculture enterprises.

    EIDLs are available for working capital needs caused by the disaster and are available even if the business or PNP did not suffer any physical damage. The loans may be used to pay fixed debts, payroll, accounts payable and other bills not paid due to the disaster.

    “Through a declaration by the U.S. Secretary of Agriculture, SBA provides critical financial assistance to help communities recover,” said Chris Stallings, associate administrator of the Office of Disaster Recovery and Resilience at the SBA. “We’re pleased to offer loans to small businesses and private nonprofits impacted by these disasters.”

    The loan amount can be up to $2 million with interest rates as low as 4% for businesses and 3.625% for PNPs with terms up to 30 years. Interest does not accrue, and payments are not due until 12 months after the date of the first loan disbursement. The SBA sets loan amounts and terms based on each applicant’s financial condition.

    To apply online, visit sba.gov/disaster. Applicants may also call SBA’s Customer Service Center at (800) 659-2955 or email disastercustomerservice@sba.gov for more information on SBA disaster assistance. For people who are deaf, hard of hearing, or have a speech disability, please dial 7-1-1 to access telecommunications relay services.

    Submit completed loan applications to SBA no later than March 16, 2026.

    ###

    About the U.S. Small Business Administration

    The U.S. Small Business Administration helps power the American dream of business ownership. As the only go-to resource and voice for small businesses backed by the strength of the federal government, the SBA empowers entrepreneurs and small business owners with the resources and support they need to start, grow, expand their businesses, or recover from a declared disaster. It delivers services through an extensive network of SBA field offices and partnerships with public and private organizations. To learn more, visit www.sba.gov.

    MIL OSI USA News

  • MIL-OSI USA: SBA Offers Relief to Kansas Small Businesses and Private Nonprofits Affected by May Drought

    Source: United States Small Business Administration

    SACRAMENTO, Calif. – The U.S. Small Business Administration (SBA) announced the availability of low interest federal disaster loans to small businesses and private nonprofit (PNP) organizations in Kansas to offset economic losses caused by drought beginning May 20.

    The declaration covers the Kansas counties of Decatur, Graham, Norton, Phillips, Rawlins, Sheridan and Thomas as well as the Nebraska counties of Furnas, Harlan and Red Willow.

    Under this declaration, SBA’s Economic Injury Disaster Loan (EIDL) program is available to small businesses, small agricultural cooperatives, nurseries, and PNPs including faith-based with financial losses directly related to the disaster. The SBA is unable to provide disaster loans to agricultural producers, farmers, or ranchers, except for small aquaculture enterprises.

    EIDLs are available for working capital needs caused by the disaster and are available even if the business or PNP did not suffer any physical damage. The loans may be used to pay fixed debts, payroll, accounts payable and other bills not paid due to the disaster.

    “Through a declaration by the U.S. Secretary of Agriculture, SBA provides critical financial assistance to help communities recover,” said Chris Stallings, associate administrator of the Office of Disaster Recovery and Resilience at the SBA. “We’re pleased to offer loans to small businesses and private nonprofits impacted by these disasters.”

    The loan amount can be up to $2 million with interest rates as low as 4% for businesses and 3.625% for PNPs with terms up to 30 years. Interest does not accrue, and payments are not due until 12 months after the date of the first loan disbursement. The SBA sets loan amounts and terms based on each applicant’s financial condition.

    To apply online, visit sba.gov/disaster. Applicants may also call SBA’s Customer Service Center at (800) 659-2955 or email disastercustomerservice@sba.gov for more information on SBA disaster assistance. For people who are deaf, hard of hearing, or have a speech disability, please dial 7-1-1 to access telecommunications relay services.

    Submit completed loan applications to SBA no later than March 16, 2026.

    ###

    About the U.S. Small Business Administration

    The U.S. Small Business Administration helps power the American dream of business ownership. As the only go-to resource and voice for small businesses backed by the strength of the federal government, the SBA empowers entrepreneurs and small business owners with the resources and support they need to start, grow, expand their businesses, or recover from a declared disaster. It delivers services through an extensive network of SBA field offices and partnerships with public and private organizations. To learn more, visit www.sba.gov.

    MIL OSI USA News

  • MIL-OSI USA: SBA Offers Relief to Nebraska Small Businesses and Private Nonprofits Affected by May Drought

    Source: United States Small Business Administration

    SACRAMENTO, Calif. – The U.S. Small Business Administration (SBA) announced the availability of low interest federal disaster loans to small businesses and private nonprofit (PNP) organizations in Nebraska to offset economic losses caused by drought beginning May 13.

    The declaration covers the Nebraska counties of Buffalo, Butler, Chase, Clay, Colfax, Dawson, Dodge, Dundy, Fillmore, Franklin, Frontier, Furnas, Gosper, Hamilton, Harlan, Hayes, Hitchcock, Jefferson, Kearney, Lancaster, Lincoln, Merrick, Nuckolls, Perkins, Phelps, Platte, Polk, Red Willow, Saline, Saunders, Seward, Thayer and York as well as Kansas counties of Decatur, Norton and Rawlins.

    Under this declaration, SBA’s Economic Injury Disaster Loan (EIDL) program is available to small businesses, small agricultural cooperatives, nurseries, and PNPs including faith-based with financial losses directly related to the disaster. The SBA is unable to provide disaster loans to agricultural producers, farmers, or ranchers, except for small aquaculture enterprises.

    EIDLs are available for working capital needs caused by the disaster and are available even if the business or PNP did not suffer any physical damage. The loans may be used to pay fixed debts, payroll, accounts payable and other bills not paid due to the disaster.

    “Through a declaration by the U.S. Secretary of Agriculture, SBA provides critical financial assistance to help communities recover,” said Chris Stallings, associate administrator of the Office of Disaster Recovery and Resilience at the SBA. “We’re pleased to offer loans to small businesses and private nonprofits impacted by these disasters.”

    The loan amount can be up to $2 million with interest rates as low as 4% for small businesses and 3.625% for PNPs with terms up to 30 years. Interest does not accrue, and payments are not due until 12 months after the date of the first loan disbursement. The SBA sets loan amounts and terms based on each applicant’s financial condition.

    To apply online, visit sba.gov/disaster. Applicants may also call SBA’s Customer Service Center at (800) 659-2955 or email disastercustomerservice@sba.gov for more information on SBA disaster assistance. For people who are deaf, hard of hearing, or have a speech disability, please dial 7-1-1 to access telecommunications relay services.

    Submit completed loan applications to SBA no later than March 16, 2026.

    ###

    About the U.S. Small Business Administration

    The U.S. Small Business Administration helps power the American dream of business ownership. As the only go-to resource and voice for small businesses backed by the strength of the federal government, the SBA empowers entrepreneurs and small business owners with the resources and support they need to start, grow, expand their businesses, or recover from a declared disaster. It delivers services through an extensive network of SBA field offices and partnerships with public and private organizations. To learn more, visit www.sba.gov.

    MIL OSI USA News

  • MIL-OSI USA: SBA Offers Relief to Idaho Small Businesses and Private Nonprofits Affected by July Drought

    Source: United States Small Business Administration

    SACRAMENTO, Calif. – The U.S. Small Business Administration (SBA) announced the availability of low‑interest federal disaster loans to small businesses and private nonprofit (PNP) organizations in Idaho to offset economic losses caused by drought.

    The disaster declarations cover the counties listed below:

    Declaration
    Number

    Primary
    Counties/Parishes

    Neighboring
    Counties/Parishes

    Incident Type

    Incident Date

    Deadline

    ID 21214

    Clearwater, Idaho, Lemhi, Lewis and Shoshone Adams, Benewah, Bonner, Butte, Clark, Custer, Kootenai, Latah, Nez Perce and Valley in Idaho; Beaverhead, Mineral, Missoula, Ravalli and Sanders in Montana; Wallowa in Oregon. Drought Beginning July 1, 2025

    3/16/26

    ID 21217

    Benewah, Latah and Nez Perce Clearwater, Idaho, Kootenai, Lewis and Shoshone in Idaho; Wallowa in Oregon; Asotin, Spokane and Whitman in Washington. Drought Beginning July 8, 2025

    3/16/26

    Under these declarations, SBA’s Economic Injury Disaster Loan (EIDL) program is available to small businesses, small agricultural cooperatives, nurseries, and PNPs including faith-based with financial losses directly related to the disaster. The SBA is unable to provide disaster loans to agricultural producers, farmers, or ranchers, except for small aquaculture enterprises.

    EIDLs are available for working capital needs caused by the disaster and are available even if the business or PNP did not suffer any physical damage. The loans may be used to pay fixed debts, payroll, accounts payable and other bills not paid due to the disaster.

    “Through a declaration by the U.S. Secretary of Agriculture, SBA provides critical financial assistance to help communities recover,” said Chris Stallings, associate administrator of the Office of Disaster Recovery and Resilience at the SBA. “We’re pleased to offer loans to small businesses and private nonprofits impacted by these disasters.”

    The loan amount can be up to $2 million with interest rates as low as 4% for businesses and 3.625% for PNPs with terms up to 30 years. Interest does not accrue, and payments are not due until 12 months from the date of the first loan disbursement. The SBA sets loan amounts and terms based on each applicant’s financial condition.

    To apply online and receive additional disaster assistance information visit sba.gov/disaster. Applicants may also call SBA’s Customer Service Center at (800) 659-2955 or email disastercustomerservice@sba.gov for more information on SBA disaster assistance. For people who are deaf, hard of hearing, or have a speech disability, please dial 7-1-1 to access telecommunications relay services.

    Submit completed loan applications to the SBA no later than March 16, 2026.

    ###

    About the U.S. Small Business Administration

    The U.S. Small Business Administration helps power the American dream of business ownership. As the only go-to resource and voice for small businesses backed by the strength of the federal government, the SBA empowers entrepreneurs and small business owners with the resources and support they need to start, grow, expand their businesses, or recover from a declared disaster. It delivers services through an extensive network of SBA field offices and partnerships with public and private organizations. To learn more, visit www.sba.gov.

    MIL OSI USA News

  • MIL-OSI USA: SBA Offers Relief to Colorado Small Businesses and Private Nonprofits Affected by May Drought

    Source: United States Small Business Administration

    SACRAMENTO, Calif. – The U.S. Small Business Administration (SBA) announced the availability of low interest federal disaster loans to small businesses and private nonprofit (PNP) organizations in Colorado to offset economic losses caused by drought beginning May 13.

    The declaration covers the Colorado counties of Eagle, Garfield, Grand, Jackson, Lake, Moffat, Pitkin, Rio Blanco, Routt and Summit as well as Utah counties of Daggett and Uintah, and the Wyoming counties of Carbon and Sweetwater.

    Under this declaration, SBA’s Economic Injury Disaster Loan (EIDL) program is available to small businesses, small agricultural cooperatives, nurseries, and PNPs including faith-based with financial losses directly related to the disaster. The SBA is unable to provide disaster loans to agricultural producers, farmers, or ranchers, except for small aquaculture enterprises.

    EIDLs are available for working capital needs caused by the disaster and are available even if the business or PNP did not suffer any physical damage. The loans may be used to pay fixed debts, payroll, accounts payable and other bills not paid due to the disaster.

    “Through a declaration by the U.S. Secretary of Agriculture, SBA provides critical financial assistance to help communities recover,” said Chris Stallings, associate administrator of the Office of Disaster Recovery and Resilience at the SBA. “We’re pleased to offer loans to small businesses and private nonprofits impacted by these disasters.”

    The loan amount can be up to $2 million with interest rates as low as 4% for small businesses and 3.625% for PNPs with terms up to 30 years. Interest does not accrue, and payments are not due until 12 months after the date of the first loan disbursement. The SBA sets loan amounts and terms based on each applicant’s financial condition.

    To apply online, visit sba.gov/disaster. Applicants may also call SBA’s Customer Service Center at (800) 659-2955 or email disastercustomerservice@sba.gov for more information on SBA disaster assistance. For people who are deaf, hard of hearing, or have a speech disability, please dial 7-1-1 to access telecommunications relay services.

    Submit completed loan applications to SBA no later than March 16, 2026.

    ###

    About the U.S. Small Business Administration

    The U.S. Small Business Administration helps power the American dream of business ownership. As the only go-to resource and voice for small businesses backed by the strength of the federal government, the SBA empowers entrepreneurs and small business owners with the resources and support they need to start, grow, expand their businesses, or recover from a declared disaster. It delivers services through an extensive network of SBA field offices and partnerships with public and private organizations. To learn more, visit www.sba.gov.

    MIL OSI USA News

  • MIL-OSI New Zealand: Government subsidies for dirty dairy dams will lead to polluted drinking water – Greenpeace

    Source: Greenpeace

    Greenpeace is calling on the Government to scrap subsidies for irrigation dams following news that the Tukituki water storage scheme – formerly known as the Ruataniwha Dam – is seeking funding from the Regional Investment Fund managed by Shane Jones.
    Greenpeace spokesperson Will Appelbe says “There is no excuse for this Government to be funding intensive dairy infrastructure, including dirty irrigation dams. The Ruataniwha Dam will flood precious native forest – home to endangered wildlife – and destroy unique freshwater ecosystems in the Central Hawkes Bay.
    “This dam is heavily opposed by the local community, and was ruled unlawful by the Supreme Court in 2017. Since then, this zombie dam has been resurrected under the Fast-Track Approvals Act.
    “The Tukituki Water Storage Scheme will undoubtedly be used to expand the presence of intensive dairying in the Central Hawke’s Bay – which we know will lead to increased contamination of freshwater and drinking water with nitrate and E. coli. Not only this, but it will reduce the flow of the river and damage freshwater ecosystems,” says Appelbe.
    “This Government is supporting dirty dairy dams across the country – and this must stop. We’re calling on Shane Jones to refuse funding to the Ruataniwha Dam and to end subsidies for irrigation dams across the country.”
    New Zealanders from across the country have campaigned against the construction of irrigation dams for decades, and in 2017, the Labour-led Government ended government subsidies for irrigation dams as a result of this pressure.
    “Shane Jones and the Luxon Government are underestimating how much New Zealanders hate dirty dairy dams. If they refuse to withdraw their funding for these river-destroying projects, they should expect resistance.”

    MIL OSI New Zealand News

  • MIL-OSI: Quick Custom Intelligence Secures Eight-Figure Investment from Curve Partners to Accelerate Growth

    Source: GlobeNewswire (MIL-OSI)

    SAN DIEGO, July 30, 2025 (GLOBE NEWSWIRE) — Quick Custom Intelligence (QCI), a leading provider of Generative AI-driven analytics and operational software for casinos and resorts, today announced that it has secured a significant minority growth investment from Curve Partners. This strategic funding backs QCI’s current management team – led by co-founders Dr. Ralph Thomas and Andrew Cardno – to continue their remarkable growth trajectory and will fuel further acceleration of product expansion and global reach markets.financialcontent.com. The investment underscores confidence in QCI’s vision and provides significant capital to extend the company’s market leadership in the gaming resort technology sector.

    QCI’s co-founders weighed multiple investment offers over the past year before selecting Curve Partners as their growth partner. “For us, finding the right investment partner was critical,” said Dr. Ralph Thomas, Co-Founder and CEO of QCI. “We engaged with several potential investors, but Curve Partners stood out with their understanding of our industry and their commitment to helping companies like ours scale responsibly. This investment is not just capital – it’s a partnership that validates our vision and gives us additional firepower to accelerate product development and customer success.” QCI’s leadership was impressed by Curve’s focus on high-growth, founder-led companies and their enthusiasm for the resort systems space – the sophisticated software and analytics powering modern casino resorts. Curve’s team recognized QCI as the clear market leader in this domain, given QCI’s extensive deployment and innovation track record markets.financialcontent.com. The growth capital infusion not only validates QCI’s success to date but also positions the company for even faster expansion in the coming years.

    Landon Jaussi, Founder and Managing Partner at Curve Partners www.curvepartners.co, expressed his excitement about the new partnership. “QCI is everything we look for at Curve,” said Jaussi. “It is a bootstrapped, founder-led, and product-first company that is deeply respected by customers. As investors, we have been looking closely at the resort systems and gaming technology sector, and QCI stands out as a clear leader. Ralph and Andrew have built a powerful vertical SaaS platform with real technical depth and multi-product scale, all while remaining high growth and profitable. Their reputations in the industry are unmatched, and Curve is proud to support them as the first institutional investor and board member.”

    QCI’s recent growth and product diversification have been nothing short of remarkable. Key milestones over the past year include:

    • Global Expansion: QCI’s platform is now deployed in over 300 casino resorts worldwide, collectively managing more than $40 billion in annual gross gaming revenue markets.financialcontent.com. The company’s operational footprint spans 17 countries and 30 U.S. states, a reach that “cements the company’s position as a global leader in casino and resort intelligence” markets.financialcontent.com.
    • Product Suite Growth: In July 2025, QCI acquired VizExplorer, a renowned casino analytics and dispatch management software provider. This acquisition expanded QCI’s product suite and capabilities markets.financialcontent.com, establishing QCI as a “powerhouse in the casino and resort data activation world” with deeper solutions for the fast-diversifying gaming industry markets.financialcontent.com.

    “Having Curve Partners on board is a huge validation of what our team has built,” added Andrew Cardno, Co-Founder and CTO of QCI. “Curve’s support will help us double down on our product roadmap and global expansion plans. We believe this partnership will translate into even greater value for our customers as we continue to lead the market with cutting-edge solutions for the casino and resort industry.” According to Cardno, the funding will enable QCI to accelerate R&D in new features and AI capabilities while maintaining the company’s focus on customer success and innovation. Both co-founders emphasized that Curve’s investment aligns with QCI’s long-term strategy of sustainable, tech-driven growth in the hospitality gaming sector.

    About Quick Custom Intelligence (QCI)

    Quick Custom Intelligence (QCI) has pioneered the QCI Enterprise Platform, an artificial intelligence-driven solution that seamlessly integrates player development, marketing, and gaming operations with powerful real-time tools for the gaming and hospitality industries. QCI’s advanced, highly configurable software is deployed in over 300 casino resorts across North America, Europe, Asia, Australia, Latin America and beyond, managing more than $40 billion in annual gross gaming revenue. The QCI platform is recognized as a best-in-class solution that enables fully coordinated activities across all aspects of casino and resort operations, helping operators make swift, data-informed decisions that optimize resources, increase profits, and enhance the guest experience. Co-founded by Dr. Ralph Thomas and Mr. Andrew Cardno, QCI is headquartered in San Diego, with additional offices in Las Vegas, St. Louis, Denver, and Phoenix. For more information, visit the QCI website at quickcustomintelligence.com.

    About Curve Partners

    Founded by Landon Jaussi, former TCV investor, Curve Partners (www.curvepartners.co) invests in leading, bootstrapped technology companies at early-growth inflection points. The firm partners with exceptional, founder-led teams building capital-efficient businesses in B2B and B2B2C software and data platforms. Curve Partners’ investment approach centers on providing strategic support and capital to help companies scale sustainably and achieve market leadership.

    Legal counsel for Curve Partners was provided by Croke Fairchild Duarte & Beres LLC

    ABOUT Andrew Cardno

    Andrew Cardno is a distinguished figure in the realm of artificial intelligence and data plumbing. With over two decades spearheading private Ph.D. and master’s level research teams, his expertise has made significant waves in data tooling. Andrew’s innate ability to innovate has led him to devise numerous pioneering visualization methods. Of these, the most notable is the deep zoom image format, a groundbreaking innovation that has since become a cornerstone in the majority of today’s mapping tools. His leadership acumen has earned him two coveted Smithsonian Laureates, and teams under his mentorship have clinched 40 industry awards, including three pivotal gaming industry transformation awards. Together with Dr. Ralph Thomas, the duo co-founded Quick Custom Intelligence, amplifying their collaborative innovative capacities. A testament to his inventive prowess, Andrew boasts over 150 patent applications. Across various industries—be it telecommunications with Telstra Australia, retail with giants like Walmart and Best Buy, or the medical sector with esteemed institutions like City Of Hope and UCSD—Andrew’s impact is deeply felt. He has enriched the literature with insights, co-authoring eight influential books with Dr. Thomas and contributing to over 100 industry publications. An advocate for community and diversity, Andrew’s work has touched over 100 Native American Tribal Resorts, underscoring his expansive and inclusive professional endeavors.

    ABOUT Dr. Ralph Thomas

    Dr. Ralph Thomas is the Co-Founder and Chief Executive Officer of Quick Custom Intelligence. Ralph is a product visionary in applied analytics and the founder of two companies that deliver solutions in casino gaming, education, and adult learning. As a gaming industry veteran, Dr. Thomas has substantial experience implementing analytics into single and multi-property gaming companies to drive tangible and measurable gains to the bottom line and has built business intelligence tools for multibillion-dollar casinos. Dr. Thomas is co-author of seven books and over 80 articles on applied analytics and data science in gaming, an inventor on dozens of patents, and understands gaming from raw data up through casino operations, giving him a unique, 360-degree view of the industry.

    Contact:

    Laurel Kay, Quick Custom Intelligence

    Phone: 858-349-8354

    The MIL Network

  • MIL-OSI: Quick Custom Intelligence Secures Eight-Figure Investment from Curve Partners to Accelerate Growth

    Source: GlobeNewswire (MIL-OSI)

    SAN DIEGO, July 30, 2025 (GLOBE NEWSWIRE) — Quick Custom Intelligence (QCI), a leading provider of Generative AI-driven analytics and operational software for casinos and resorts, today announced that it has secured a significant minority growth investment from Curve Partners. This strategic funding backs QCI’s current management team – led by co-founders Dr. Ralph Thomas and Andrew Cardno – to continue their remarkable growth trajectory and will fuel further acceleration of product expansion and global reach markets.financialcontent.com. The investment underscores confidence in QCI’s vision and provides significant capital to extend the company’s market leadership in the gaming resort technology sector.

    QCI’s co-founders weighed multiple investment offers over the past year before selecting Curve Partners as their growth partner. “For us, finding the right investment partner was critical,” said Dr. Ralph Thomas, Co-Founder and CEO of QCI. “We engaged with several potential investors, but Curve Partners stood out with their understanding of our industry and their commitment to helping companies like ours scale responsibly. This investment is not just capital – it’s a partnership that validates our vision and gives us additional firepower to accelerate product development and customer success.” QCI’s leadership was impressed by Curve’s focus on high-growth, founder-led companies and their enthusiasm for the resort systems space – the sophisticated software and analytics powering modern casino resorts. Curve’s team recognized QCI as the clear market leader in this domain, given QCI’s extensive deployment and innovation track record markets.financialcontent.com. The growth capital infusion not only validates QCI’s success to date but also positions the company for even faster expansion in the coming years.

    Landon Jaussi, Founder and Managing Partner at Curve Partners www.curvepartners.co, expressed his excitement about the new partnership. “QCI is everything we look for at Curve,” said Jaussi. “It is a bootstrapped, founder-led, and product-first company that is deeply respected by customers. As investors, we have been looking closely at the resort systems and gaming technology sector, and QCI stands out as a clear leader. Ralph and Andrew have built a powerful vertical SaaS platform with real technical depth and multi-product scale, all while remaining high growth and profitable. Their reputations in the industry are unmatched, and Curve is proud to support them as the first institutional investor and board member.”

    QCI’s recent growth and product diversification have been nothing short of remarkable. Key milestones over the past year include:

    • Global Expansion: QCI’s platform is now deployed in over 300 casino resorts worldwide, collectively managing more than $40 billion in annual gross gaming revenue markets.financialcontent.com. The company’s operational footprint spans 17 countries and 30 U.S. states, a reach that “cements the company’s position as a global leader in casino and resort intelligence” markets.financialcontent.com.
    • Product Suite Growth: In July 2025, QCI acquired VizExplorer, a renowned casino analytics and dispatch management software provider. This acquisition expanded QCI’s product suite and capabilities markets.financialcontent.com, establishing QCI as a “powerhouse in the casino and resort data activation world” with deeper solutions for the fast-diversifying gaming industry markets.financialcontent.com.

    “Having Curve Partners on board is a huge validation of what our team has built,” added Andrew Cardno, Co-Founder and CTO of QCI. “Curve’s support will help us double down on our product roadmap and global expansion plans. We believe this partnership will translate into even greater value for our customers as we continue to lead the market with cutting-edge solutions for the casino and resort industry.” According to Cardno, the funding will enable QCI to accelerate R&D in new features and AI capabilities while maintaining the company’s focus on customer success and innovation. Both co-founders emphasized that Curve’s investment aligns with QCI’s long-term strategy of sustainable, tech-driven growth in the hospitality gaming sector.

    About Quick Custom Intelligence (QCI)

    Quick Custom Intelligence (QCI) has pioneered the QCI Enterprise Platform, an artificial intelligence-driven solution that seamlessly integrates player development, marketing, and gaming operations with powerful real-time tools for the gaming and hospitality industries. QCI’s advanced, highly configurable software is deployed in over 300 casino resorts across North America, Europe, Asia, Australia, Latin America and beyond, managing more than $40 billion in annual gross gaming revenue. The QCI platform is recognized as a best-in-class solution that enables fully coordinated activities across all aspects of casino and resort operations, helping operators make swift, data-informed decisions that optimize resources, increase profits, and enhance the guest experience. Co-founded by Dr. Ralph Thomas and Mr. Andrew Cardno, QCI is headquartered in San Diego, with additional offices in Las Vegas, St. Louis, Denver, and Phoenix. For more information, visit the QCI website at quickcustomintelligence.com.

    About Curve Partners

    Founded by Landon Jaussi, former TCV investor, Curve Partners (www.curvepartners.co) invests in leading, bootstrapped technology companies at early-growth inflection points. The firm partners with exceptional, founder-led teams building capital-efficient businesses in B2B and B2B2C software and data platforms. Curve Partners’ investment approach centers on providing strategic support and capital to help companies scale sustainably and achieve market leadership.

    Legal counsel for Curve Partners was provided by Croke Fairchild Duarte & Beres LLC

    ABOUT Andrew Cardno

    Andrew Cardno is a distinguished figure in the realm of artificial intelligence and data plumbing. With over two decades spearheading private Ph.D. and master’s level research teams, his expertise has made significant waves in data tooling. Andrew’s innate ability to innovate has led him to devise numerous pioneering visualization methods. Of these, the most notable is the deep zoom image format, a groundbreaking innovation that has since become a cornerstone in the majority of today’s mapping tools. His leadership acumen has earned him two coveted Smithsonian Laureates, and teams under his mentorship have clinched 40 industry awards, including three pivotal gaming industry transformation awards. Together with Dr. Ralph Thomas, the duo co-founded Quick Custom Intelligence, amplifying their collaborative innovative capacities. A testament to his inventive prowess, Andrew boasts over 150 patent applications. Across various industries—be it telecommunications with Telstra Australia, retail with giants like Walmart and Best Buy, or the medical sector with esteemed institutions like City Of Hope and UCSD—Andrew’s impact is deeply felt. He has enriched the literature with insights, co-authoring eight influential books with Dr. Thomas and contributing to over 100 industry publications. An advocate for community and diversity, Andrew’s work has touched over 100 Native American Tribal Resorts, underscoring his expansive and inclusive professional endeavors.

    ABOUT Dr. Ralph Thomas

    Dr. Ralph Thomas is the Co-Founder and Chief Executive Officer of Quick Custom Intelligence. Ralph is a product visionary in applied analytics and the founder of two companies that deliver solutions in casino gaming, education, and adult learning. As a gaming industry veteran, Dr. Thomas has substantial experience implementing analytics into single and multi-property gaming companies to drive tangible and measurable gains to the bottom line and has built business intelligence tools for multibillion-dollar casinos. Dr. Thomas is co-author of seven books and over 80 articles on applied analytics and data science in gaming, an inventor on dozens of patents, and understands gaming from raw data up through casino operations, giving him a unique, 360-degree view of the industry.

    Contact:

    Laurel Kay, Quick Custom Intelligence

    Phone: 858-349-8354

    The MIL Network

  • MIL-OSI USA: Senator Marshall: We’re Not Tired of Winning

    US Senate News:

    Source: United States Senator for Kansas Roger Marshall

    Senator Marshall Joins the Brian Kilmeade Show to Discuss Trump Trade Deals, the MAHA Movement, and Democrats Obstructing Confirmations
    Washington – On Wednesday, U.S. Senator Roger Marshall, M.D. (R-Kansas), joined Brian Kilmeade on The Brian Kilmeade Show on Fox News Radio to discuss President Trump’s historic trade deals and what they mean specifically for Kansas agriculture, MAHA movement momentum, China deterrence, and Senate Democrats’ attempts to obstruct the confirmation process.

    Click HERE or on the image above to listen to Senator Marshall’s full interview.
    On President Trump’s trade deals:
    “Brian, I mean, we’re ecstatic, absolutely ecstatic. Every time I see the President, I’ll tell him we’re not tired of winning. But you know, who’s excited about these trade deals are my Kansas farmers and the aerospace industry. What Kansas exports are agriculture products and airplanes, and jets. So just ecstatic about these deals. The President removing these non-trade barriers all these countries, in addition to giving us basically zero types of penalties going into their country’s tariffs, but they’re also opening their markets, and they’re moving investment into America. Just this past week, I had several of the large pharma companies who make their drugs overseas, very popular, very successful [say that] they’re moving that manufacturing here, so we’re all excited about them.”
    On Fed Chair Powell and interest rates:
    “I sure hope so. Jerome “too late” Powell, he is too late, kind of like “too tall” Jones. This is Jerome “too late” Powell. He should have cut it a quarter point, some time ago, a quarter point now, half point in the future. He’s a lame duck, and I don’t know what he’s going to do. If he doesn’t drop something today, I just have to think it’s politically or emotionally motivated.”
    On the progress of the MAHA movement:
    “Yeah, we’re making great progress. Making incredible progress. We have a group of bills that will help support that movement as well. A group of bills that’s going to make our soil healthier, help our farmers grow more with less pesticides, and with less fertilizers. The thing I’m worried about right now, which is coming to my attention, Brian is China continues to make a lot of knockoffs. So, for instance, China is making a knockoff of a GLP-1, that they’re sending to the US, that’s compounded into a pharmacy. 14 people have died from that. So, one of my big emphases here is moving all that supply chain back to the United States. It’s easier said than done.”
    On U.S.-China trade deals:
    “The big picture is that with China, we have a $270 billion trade deficit to address. I think that people missed the calculated way that the Trump administration is doing this. Basically, they boxed in China. Think about it. They’ve done the EU. They’ve done Indonesia, the Philippines, Vietnam, Japan, and Australia, so that by having bilateral trade agreements with them, it’s putting a lot of pressure on China. One other thing China does to cheat is they’ll send a bunch of T-shirts that they made or tennis shoes, and they’ll send them to Vietnam, and then Vietnam is getting them in at their lower tariff rate. So, the President is doubling up on that type of transaction to make sure that those are tarred appropriately. So, we absolutely are getting there. To your point, I’m much more concerned about fentanyl poisoning, their intellectual property theft, the counterfeits they make, all those things. But I have faith in Scott Bessent. This guy is one of the sharpest people I’ve ever met.”
    On Democrats stalling nominations and spending bills:
    “I think this is the big political picture here, and you get this, but what’s driving the Democrat Party right now is the far left. Chuck Schumer is scared to death of AOC on the far left, so they’re demanding he’s got to do something. He’s got to do something. So, he’s doing everything in his power to gum up the process, whether it’s nominations or appropriations bills as well. He’s in a panicked mode right now, and he’s lashing out, slowing up what is traditionally done. People that would pass with unanimous consent and take zero floor time, we’re having to vote on them three times and spend two hours or more on each one of them. So, if they’re going to keep doing that, then we just need to stay here in August till we get more of these people confirmed.
    On the Senate delaying recess until nominations are confirmed:
    “The Democrats secretly want to all go home, right? That is their number one priority. These people are professional politicians; they’re used to having all summer off. And by the way, when I go back, I’m going to work harder back in Kansas than I do here. Then, at the same time, their leader is scared to death. I can’t believe he’s still there. Their leader hasn’t been fired yet, but he’s scared to death to be in a primary. So it’s all about his political legacy right now, keeping that together. But I just have to emphasize, Brian, yes, I want to go home, but I’ve done four telephone town halls up here with people back in Kansas in the last two weeks, with over 5,000 people on each one of those calls. You can go home on weekends. We’ve had significant, strong events as well. We could stay for easily two weeks, and still go back and accomplish that mission of targeting the great things about the Big Beautiful Bill, whether it’s the biggest tax cut in American history or no tax on tips, all those types of things. So, I think we can walk and chew gum. But, what we could do most to help the people of America is get President Trump’s nominations confirmed so they can execute his agenda.”
    On Democrats battling each other on bipartisan bills:
    “First of all, the one thing I learned politically up here is when your opponent is forming a circular firing squad, don’t hop in the middle of them. So, I think we need to give them all the rope we can on this. This kind of takes us back to what I was talking about earlier. The far left of the Democrat Party is the tail wagging the dog. Here’s Cory Booker running for president, right? He’s trying to reach that primary base, saying he’s the most radical, progressive person up here. That’s what he’s doing right there. And again, this is a party that won’t stop digging. They’re in this hole. They have no respect for law and order. They he just keep digging and digging. These bills that she’s proposing are bipartisan, stronger law and order support the police. He’s out there still shouting like this mayor candidate from New York that wants to defund the police. So, I think this is all political. They’re more interested in running for president, Cory Booker is. Then here, you have Amy Klobuchar, who’s one of the most moderate Democrats, level-headed people up here. And to be honest, it’s just been a joy to get to know and work with her. We’re in bipartisan prayer breakfast together. It’s something you’ll never see, but she gave just an incredible lesson to us today about life in our bipartisan prayer breakfast.”

    MIL OSI USA News

  • MIL-OSI USA: Governor Newsom strengthens local control in Los Angeles burn scar areas

    Source: US State of California Governor

    Jul 30, 2025

    What you need to know: In response to concerns from local elected leaders and community members about the potential for widespread SB 9 development concentrated in areas rebuilding from destructive fires and crowding evacuation routes, the Governor today issued an executive order that will give local government the discretion to limit SB 9 development in very high fire hazard severity zones within the rebuilding areas.

    LOS ANGELES — Governor Gavin Newsom today issued an executive order providing local governments with stronger authority to limit Senate Bill 9 development in high fire hazard severity zones in Los Angeles County that fall within the burn scar areas. The executive order continues the Governor’s efforts to help respond to local concerns, provide tools to address rebuilding, and ensure that communities can recover safely. Read the executive order here.

    “We will continue to assist communities in rebuilding safely in ways that are responsive to local concerns. This executive order responds directly to requests from local officials and community feedback, recognizing the need for local discretion in recovery and that not all laws are designed for rebuilding entire communities destroyed by fires overnight.”

    Governor Gavin Newsom

    The executive order remains in effect as long as the state of emergency remains active. The order:

    • Grants local governments authority to adjust rules for SB 9 development (lot splits and duplexes in single-family residential zones) in very high fire severity zones within the LA fire burn scars. This order affects the entire Palisades within the city of LA, the eastern foothills portions of Altadena, Sunset Mesa, and Malibu. 
    • Includes a seven-day pause on SB 9 development in these specific areas while locals develop their own standards. 
    • Provides local governments with the flexibility to tailor standards based on community needs. For example, local officials could add additional mitigation requirements or designate areas within the affected zones where SB 9 development is or isn’t allowed. It allows local officials to make determinations as to what best serves their community — balancing the needs of their community and fire-resilient, safe recovery.

    The executive order is consistent with the state’s commitment to increasing the state’s housing supply and its unwavering dedication to supporting local officials in rebuilding their communities. It leaves the SB 9 framework in place everywhere other than very high fire hazard severity zones in the burn scar, and within those zones allows local leaders discretion to ensure that SB 9 development in the rebuilding areas appropriately accounts for fire safety concerns.

    Helping communities rebuild

    Today’s announcement adds to recent orders by the Governor to help the Los Angeles community recover and rebuild, including another order fast-tracking rebuilding the homes and schools affected by the disaster by suspending permitting laws and building codes, which adds to earlier orders cutting red tape and streamlining the rebuilding of homes and businesses destroyed — suspending permitting and review requirements under the California Environmental Quality Act (CEQA) and the California Coastal Act. The Governor also issued an executive order further cutting red tape by reiterating that permitting requirements under the California Coastal Act are suspended for rebuilding efforts and directing the Coastal Commission not to issue guidance or take any action that interferes with or conflicts with the Governor’s executive orders. The Governor also issued an executive order removing administrative barriers, extending deadlines, and providing critical regulatory relief to help fire survivors rebuild, access essential services, and recover more quickly.

    California’s all-in efforts

    Since the first day these firestorms ignited, Governor Newsom has been on the ground leading an all-in state response and recovery. 

    The Governor deployed resources before the hurricane-force fires broke out – growing to over 16,000 boots on the ground at the peak of the state’s response. And in the hours that followed, Governor Newsom launched historic recovery and rebuilding efforts to help Los Angeles get back on its feet, faster. 

    Even before the fires were out, Governor Newsom worked closely with outgoing President Joe Biden to secure a Presidential Major Disaster Declaration and then coordinated with the Trump Administration to ensure comprehensive federal support for Los Angeles. 

    That work has paid dividends as the current pace of debris and hazardous waste removal is months ahead of the cleanup timeline for the Camp, Woolsey, Hill fires in 2019 and Tubbs Fire in 2017/18, which at the time were themselves the fastest of their kind. 

    State and federal officials worked hand in glove to clear hazardous waste from 9,000 homes in less than 30 days. At the project’s peak, as many as 500 crews of expert heavy equipment operators from the Army Corps of Engineers worked around the clock to rapidly clear ash, soot, and fire debris from structures damaged by the Eaton and Palisades fires. 

    By the numbers 

    • 16,000 first responders and recovery personnel deployed
    • $2.5 billion in Small Business Administration Assistance approved. 
    • $144.2 million in individual assistance disbursed
    • $100 million in dedicated community partnerships through LA Rises
    • 40,000 totals visitors to disaster recovery centers 
    • 30 days to clear properties of hazardous waste
    • 9,195 properties cleared of debris 
    • 2,300 homes cleared of debris 
    • 12,500 right of entry forms submitted 
    • 8 of 8 schools resumed in person instruction 
    • 9 of 9 water systems reactivated  

    Recent news

    News SACRAMENTO – Governor Gavin Newsom today announced that he has signed the following bills:AB 17 by Assemblymember Juan Alanis (R-Modesto) – Elections: precinct maps.AB 377 by Assemblymember David Tangipa (R-Clovis) – High-Speed Rail Authority: business plan:…

    News What you need to know: California is standing up for all Americans by challenging Trump’s unlawful tariff policy, which is slowing the national economy and raising prices for consumers.  SACRAMENTO – Governor Gavin Newsom today filed an amicus brief in support of…

    News What you need to know: California is taking targeted action to address the mental health crisis among young men and boys today with a new executive order focused on suicide prevention, behavioral health, and helping find purpose through education, family, and…

    MIL OSI USA News

  • MIL-OSI USA: Welch Grills Trump Admin on How So-Called ‘Reorganization Plan’ of USDA Hurts Vermont 

    US Senate News:

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

    WASHINGTON, D.C. – During a Senate Agriculture Committee hearing today, U.S. Senator Peter Welch (D-Vt.), Ranking Member of the Senate Agriculture Subcommittee on Rural Development, Energy, and Credit, grilled U.S. Department of Agriculture (USDA) Deputy Secretary Stephen Vaden on the Trump Administration’s reorganization plan for USDA, which will rob rural communities of vital local control and leadership. Senator Welch also questioned Dep. Sec. Vaden about how USDA plans to better balance and allocate resources to specialty crop, organic, and dairy farms in comparison to large commodity farms.  
    “Let me be candid: I have some inclination to be supportive of folks being back home, closer to where they’re serving,” said Senator Welch. “The concern I have is whether the reorganization plan is on the level—whether it’s about empowering local communities or it’s about decimating the already severely cut back work force.” 
    U.S. Secretary of Agriculture Brooke Rollins’ plan to restructure USDA follows the Department’s firing of 15,000 employees as part of the Trump Administration’s mass-layoff campaign of federal employees. While USDA claims the reorganization will bring USDA closer to farmers, the proposal would force more than 2,000 local USDA federal employees to relocate across five regional hubs in North Carolina, Missouri, Indiana, Colorado, and Utah. The location of these hubs makes it clear that USDA values large-scale commodity and row cropping farms over the small-scale farms in Vermont and the Northeast.  
    Farmers and agricultural organizations have expressed concerns over how the sudden large-scale restructuring of USDA could disrupt essential services the agency provides and erode support for farmers and rural communities. 
    Watch the exchange between Senator Welch and USDA Deputy Secretary Vaden: 

    Read key excerpts of Senator Welch’s questioning below: 

    Senator Welch: “In Vermont, we’ve lost 78 staff members already. And our local USDA is terrific—they’re responsive, we call them, they give us an answer—they help us…So, how am I going to get excited about this so-called ‘reorganization plan’ where folks are going back, but we’ve already lost 78? Tell me why I should be confident about this.” 
    Mr. Vaden: “Well Senator, to use your phrase, this plan is ‘on the level.’ The Secretary and I are both serious. Employees who accept their new locations—they’ve got a job, and we’ve got an office for them, and we’re planning a new home for them in a location where their federal salary will go farther.” 
    Senator Welch: “But here’s what doesn’t make sense to me: If you believe in the local control, why do you fire local people?” 
    Mr. Vaden: “Senator, if you’re referring to the deferred resignation plan, those were voluntary decisions made by individual employees who chose—with the information that the agency provided to them—to seek a new career elsewhere.” 
    Senator Welch: “You know, you’re talking about a lot of federal workers—they felt the axe was coming down, and they had to make a choice between two really terrible things: get fired…or take the buyout. So, that doesn’t satisfy me. And again, we’ve got 78 people who wanted to stay on their jobs, buy and large, and were doing a good job and would answer the phone when I called—and they’re gone. 
    “You know what my concern is, and I’d like to be able to follow up, because I want this in the real world to be beneficial for folks in Vermont, for our farmers who are incredibly valuable citizens.” 

    MIL OSI USA News

  • MIL-OSI China: Rainstorms leave 8 dead, 18 missing in north China county

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

    The latest round of heavy rains have left eight people dead and 18 missing in Xinglong County in north China’s Hebei Province, local authorities said late Wednesday.

    The rainstorms had wreaked havoc on some villages in Liudaohe Township, said the rescue headquarters, adding that the rescue and search operation is still ongoing.

    MIL OSI China News

  • MIL-OSI USA: TOMORROW: Governor Newsom to announce major addition to state’s firefighting capabilities

    Source: US State of California Governor

    Jul 30, 2025

    SACRAMENTO COUNTY — Governor Gavin Newsom will join CAL FIRE at a press conference tomorrow to announce the latest additions to the world’s largest aerial firefighting fleet.

    WHEN: Thursday, July 31 at approximately 1 p.m.

    LIVESTREAM: Governor’s Twitter page, Governor’s Facebook page, and the Governor’s YouTube page. This event will also be available to TV stations on the LiveU Matrix under “California Governor.”

    NOTE: This in-person press event will be open to credentialed media only. Media interested in attending must RSVP by clicking here no later than 11 a.m., July 31. Location information will be provided upon RSVP confirmation.

    Media advisories, Recent news

    Recent news

    News What you need to know: In response to concerns from local elected leaders and community members about the potential for widespread SB 9 development concentrated in areas rebuilding from destructive fires and crowding evacuation routes, the Governor today issued…

    News SACRAMENTO – Governor Gavin Newsom today announced that he has signed the following bills:AB 17 by Assemblymember Juan Alanis (R-Modesto) – Elections: precinct maps.AB 377 by Assemblymember David Tangipa (R-Clovis) – High-Speed Rail Authority: business plan:…

    News What you need to know: California is standing up for all Americans by challenging Trump’s unlawful tariff policy, which is slowing the national economy and raising prices for consumers.  SACRAMENTO – Governor Gavin Newsom today filed an amicus brief in support of…

    MIL OSI USA News

  • MIL-OSI Australia: Interview with James Glenday and Emma Rebellato, News Breakfast, ABC

    Source: Australian Parliamentary Secretary to the Minister for Industry

    James Glenday:

    Welcome back to the show. On this Thursday morning, you’re watching News Breakfast. It is always lovely to have your company.

    Emma Rebellato:

    We’ll get an update on the latest with the global tsunami alerts in just a moment. But first, borrowers will be hoping the latest inflation data will be the confirmation the Reserve Bank needs to cut rates next month.

    Treasurer, Jim Chalmers, joins us now from Canberra. Treasurer, thanks for joining us this morning.

    Jim Chalmers:

    Thanks for having me back on, Emma.

    Rebellato:

    So homeowners are hoping for a rate cut. Are you worried though that if there is a cut it will encourage more investors into the market, and that will price out people wanting to buy their own home?

    Chalmers:

    I’m not going to pre‑empt decisions that the Reserve Bank takes independently. I think rate relief is welcome, certainly when interest rates were cut twice already this year, that provided some very, very welcome rate relief for millions of Australians with a mortgage. That’s how we see it, but I don’t want to make predictions or pre‑empt the decisions that the Reserve Bank will take.

    What yesterday’s numbers showed when it comes to those inflation numbers is really quite remarkable progress. The progress that Australians have made together over the course of the last 3 years on inflation has been outstanding because we’ve been able to get inflation down at the same time as we deep unemployment low, we’ve got real wages growing again – but it’s never mission accomplished, because the global environment’s uncertain, we’ve got some persistent structural issues in our economy, growth in our economy is soft and people are under pressure. And that’s why the primary goal, the main priority of the first 2 weeks of the parliament sitting has been to roll out more cost‑of‑living help.

    Rebellato:

    Treasurer, your productivity roundtable is on in just a few weeks. Will you be looking – and we know housing going’s to be on the agenda – will you be looking specifically at property investors. Do you want to change the capital gains tax discount?

    Chalmers:

    That’s not why we’ve put this Economic Reform Roundtable together. It’s all about making our economy more resilient and more productive, and our budget more sustainable.

    I expect and I hope that building more homes is one of the central considerations of the Economic Reform Roundtable. I’ve been working very closely with Minister Clare O’Neil with a number of people who will be at the roundtable and with a whole range of people around the country.

    We’ve all got an interest in building more homes sooner; that’s the government’s priority. The primary focus there, I think, at the roundtable will be around how we speed up approvals and get the zoning for housing right, because we desperately need more homes. The Commonwealth government has come to the table with tens of billions of dollars in investment, our political opponents want to cut funding for housing, but overwhelmingly, people want to see where there’s common ground to build more homes, and that will be the focus.

    Rebellato:

    Treasurer, one of the stories we’re following today is the latest Productivity Commission report on closing the gap. Again, so many targets are showing so little progress, and some are worsening. How would you characterise this? Is this a failure by governments?

    Chalmers:

    We need to do much better. I think from memory, 10 of the 15 measures, we’ve seen a little bit of progress in the report released overnight, some have gone backwards in worrying ways.

    I think every member of the government, and I think many Australians would acknowledge that we need to do better, and the reason why these reports are so important is because they make sure that we keep governments and the community more broadly up to the mark. We need to do better when it comes to closing the cap.

    Minister Malarndirri McCarthy is working in her characteristically diligent way with all of the stakeholders, all of the communities to try and turn these numbers around. There has been progress in 10 of the 15, there has been some worrying outcomes in the rest, but overall, we need to do more and we need to do better.

    Rebellato:

    Treasurer, we know the issue in the Middle East is a big talking point in parliament and in the government at the moment. Is it now inevitable that Australia will recognise a Palestinian state; do you want to see that happen?

    Chalmers:

    I do, and I think it’s a matter of when, not if Australia recognises a Palestinian state for a long.

    Rebellato:

    So could we see it before September, before that UN meeting?

    Rebellato:

    I don’t want to put a timeframe for it, it’s been a long‑standing bipartisan policy that we see a two‑state solution in that part of the Middle East. From my point of view that progress that has been made, that momentum that we’re seeing in the international community is welcome, but it’s also conditional.

    There are a number of obstacles still in the way to recognition of a Palestinian state, for example, the treatment, the release of the hostages, making sure that there’s absolutely no role for Hamas. These are the sorts of things that the international community is working through.

    That statement that came out yesterday that we signed as Australians via our Foreign Minister Penny Wong is a really important one. It condemns the terrorist act on 7 October, it demands a ceasefire, the release of hostages and access for humanitarian aid; it encourages countries to work towards recognition as a really important part of that two‑state solution, and the reason we want to see a two‑state solution is because Israeli families and Palestinian families need and deserve to be able to raise their kids in peace, and that’s what this is all about.

    Rebellato:

    Treasurer, let’s stay with issues overseas, and the issue of tariffs. Now, Donald Trump has now said if he’s not negotiated with a country that they’re now looking at between a 15 and 20 per cent tariff. Is that what you’re working towards now; forget about 10 per cent, it’s now looking 15 to 20?

    Chalmers:

    We haven’t heard differently from the 10 per cent baseline that’s been levied on Australia; obviously we continue to engage with the Americans on this. It’s one of the main issues playing out in the global economy, it’s a major source of uncertainty in the economy, whether it’s what’s been said overnight about India, whether it’s the back and forth between the US and China or the tariffs levied directly on Australia. We’ve got the baseline rate as far as we are aware, and as we understand it, which is 10 per cent.

    Rebellato:

    So you don’t expect that to move?

    Chalmers:

    I think it would be a brave person to assume that there won’t be – whether it’s with other countries or – there will always be more announcements about this. These tariff announcements are a moving feast. But our understanding, our expectation is we get the baseline.

    We think that the best outcome is zero because these tariffs are an act of economic self‑harm. We see inflation is going up in the US. Earlier in the year they had slowing growth, interest rates on hold again in the US overnight, they’ve got higher interest rates than we do in Australia.

    We think these tariffs are bad for the American economy, certainly bad for the global economy. We’re better placed and better prepared than most countries to deal with that, but we won’t be immune. We’ll continue to engage with the Americans on it.

    Rebellato:

    Treasurer, just to change things up a little bit, this is possibly the hardest question you’ll be asked today, we’ve been talking about theme songs. Do you have a favourite theme song?

    Chalmers:

    It’s hard to go past the themes – the 2 theme songs in the Rocky movies, or the theme song to that great Eminem movie, 8 Mile. I’m a hip‑hop guy –

    Rebellato:

    Oh, yeah.

    Chalmers:

    – as James on the couch knows, but I think the best theme song, now that you put me on the spot, the best theme song I can remember is when Powderfinger, These Days kicks in during that wonderful Australian movie, Two Hands.

    I think These Days by Powderfinger came in at number 14 on the week in the Triple J Hottest 100 Australian songs. Like everyone who loves Powderfinger, I think that should have been higher. But that’s an amazing theme song, and that’s an incredible, Two Hands, Heath Ledger, Bryan Brown, Rose, all the great Australian actors and a wonderful Australian theme song too by Powderfinger from Brisbane.

    Rebellato:

    Treasurer, thank you so much for joining us this morning, we appreciate it.

    Chalmers:

    Thanks very much.

    MIL OSI News

  • MIL-OSI Australia: South East women stepping up

    Source:

    Trailblazing women across the south east region are stepping up into roles which have only ever been held by men.

    Deputy Chief Officer South East, Trevor Owen, said it was amazing to see dedicated women taking on the challenge of leadership roles.  

    “These women are bringing fresh perspectives, strength, and dedication to their positions and inspiring the next generation of female leaders in CFA,” he said.  

    In Golden Beach Paula Grosveld is stepping down as Captain of the brigade after 20 years and will be stepping into the role of Group Officer for Banksia Group.  

    Her new role will involve supporting the brigades in her group to deliver the best for their communities as well as supporting members to achieve their personal goals within CFA.  

    “I hope I can bring a real sense of respect, kindness, and commitment to the role so that all the brigades know that if they need anything from the group, we will be there to support them,” she said.  

    Paula has been involved with CFA for 39 years and throughout that time has held various roles.  

    Paula is passionate about young people getting involved and hopes she can inspire those coming through the ranks to step up into leadership roles.  

    “Hopefully I can just carry on from the last few group officers and build on what we already have,” she said.  

    Golden Beach sits in CFA’s District 10 in East Gippsland and Paula said she is really proud to be from an area that has over 90 group management and brigade management positions filled by women.  

    “In District 10 we have huge representation of women in Brigade Management Teams and in group management teams,” she said.   

    ‘It is just amazing that the women here put up their hand and they have a crack and it’s awesome to see these women grow and learn alongside them.” 

    Next door in District 11 Bronwyn “Bronnie” Jonkers from Wairewa brigade is the secretary, treasurer and now the fourth Deputy Group Officer of Orbost Group. 

    Bronnie is the first female DGO in Orbost Group. Bronnie has been a volunteer for just over five years, starting in Wairewa before moving to Stratford and then back to Wairewa.    

    Since then, Bronnie has been on a whirlwind of a ride, completing Women’s Challenge Camps, doing lots of training and was elected to the position of 4th Lieutenant at Stratford Brigade along with Fundraising Coordinator role before moving back to Wairewa. 

    As a mum of three kids Bronnie knows about keeping busy but hopes she can continue to learn and push herself in her new role.  

    “I have grown to love being able to help as much as I can,” she said.  

    “I signed up thinking I would just be a firefighter and fight fires but since being in CFA I have just continued to grow.” 

    She encourages all girls and women to think about getting involved in CFA.  

    “It is a great community to get involved in and you make a lot of new friends, all the women are supportive and you will be really supported in pushing yourself,” she said.  

    CFA’s District 8 is getting two new lieutenants, Alida Goodchild at Tyabb and Claire Maloney at Carrum Downs.  

    Stepping into the role of fourth lieutenant for the Tyabb brigade is an exciting new step for Alida Goodchild.  

    “There has never been a female lieutenant at Tyabb,” she said.  

    Alida said she is proud to be stepping into this role and hopes she can bring her strengths to the forefront. 

    “There are more women in the brigade than we have ever had,” she said 

    “I really want to lead by example and show that they too can enter these roles and step up in the brigade to take on leadership roles.”  

    In her role as fourth lieutenant Alida will be supporting the brigades mental health program, helping with fundraising and social events like brigade dinners, hydrant maintenance, and social media.   

    “They really tailor the portfolios to what you are good at and they move around depending on who is in the role so you can really thrive in your areas,” she said.  

    Claire Maloney is not only the first female lieutenant in the Carrum Downs brigade but she is the first fifth lieutenant the brigade has ever had.  

    On top of this she is stepping into the role of protective equipment manager, which is also a first for the brigade as they prepare to welcome a new breathing apparatus (BA) truck to their brigade.  

    “It’s fun to be at the decision table with the brigade management team and get a peek behind the curtain.” 

    Claire said over the years she has been involved with CFA, the desire to take on more challenges and leadership has developed. 

    “I don’t think I started off with that in mind but it has definitely grown on me,” she said.  

    The confidence Claire gets to take on leadership roles she attributes to developing and running a confidence course for crew trainers. 

    “I definitely learned lots through that and it helped me to get the confidence to step up into other roles.” 

    • Paula Grosveld
    • Claire Maloney
    • Bronwyn Jonkers
    • Alida Goodchild
    Submitted by CFA Media

    MIL OSI News

  • MIL-OSI China: Thomas Muller set to join MLS side Vancouver Whitecaps

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

    Bayern Munich veteran Thomas Muller is close to sealing a move to Major League Soccer (MLS).

    According to German and Canadian media reports, only minor details remain before the 35-year-old signs a two-year contract with the Vancouver Whitecaps as a free agent on August 1.

    The 131-time capped German international is expected to further boost the MLS’ profile alongside Argentine superstar Lionel Messi, who plays for Inter Miami. Reports say Muller’s debut for the Whitecaps could come on August 9 against the San Jose Earthquakes.

    Layvin Kurzawa (L) from Paris Saint-Germain competes with Thomas Muller from Bayern Munich during their match of Group B of the 2017-18 season Champions League at Parc des Princes in Paris, France on Sept. 27, 2017. Paris Saint-Germain won by 3-0 at home. (Xinhua/Chen Yichen)

    The Bavarian forward recently expressed a desire to gain international experience to round out a decorated career that includes two UEFA Champions League titles, 13 Bundesliga championships and six German Cup trophies.

    Muller has called the MLS an intriguing competition, noting that “we see a World Cup played in the United States, Canada and Mexico, in 2026.”

    German ties to the Canadian west coast club may have influenced his decision. Canadian international full-back Alphonso Davies joined Bayern from Vancouver in 2018, while Whitecaps managing director Alexander Schuster previously worked for German sides Mainz 05 and Schalke 04. In 2022, Nick Salihamidzic, son of former Bayern sporting director Hasan Salihamidzic, played for Vancouver.

    “I am looking forward to playing in the MLS and meeting figureheads such as Messi,” said Muller, who leaves Bayern after contributing 250 goals and 276 assists in 756 competitive appearances.

    He follows in the footsteps of fellow Bayern and German greats Franz Beckenbauer, Gerd Muller, Lothar Matthaeus and Bastian Schweinsteiger, who all played in the MLS after their European careers.

    The Whitecaps have won the Canadian Championship four times, including three in the past three years.

    Muller acknowledged the challenge of adapting to new surroundings, saying, “When you leave a club like Bayern, you meet different circumstances.” He added that he still feels “the desire for football burning in my chest.”

    Turning 36 in September, Muller saw his wish for a one-year contract extension turned down by Bayern as his playing time declined in recent seasons, when he primarily served as a substitute and mentor for younger players. 

    MIL OSI China News

  • MIL-OSI USA: Grassley Helps Reinstate FBI Whistleblower, Delivers Keynote Address During National Whistleblower Appreciation Day

    US Senate News:

    Source: United States Senator for Iowa Chuck Grassley

    WASHINGTON – At the National Whistleblower Day celebration on Capitol Hill Wednesday, Sen. Chuck Grassley (R-Iowa) announced he has succeeded in reinstating Federal Bureau of Investigation (FBI) whistleblower Michael DeBey’s clearance and employment with the agency. This is the sixth whistleblower Grassley has successfully restored so far this year.

    During his remarks, Grassley also spoke about his work to support patriotic whistleblowers and the important role they play in rooting out waste, fraud and abuse. Grassley is the co-founder and co-chair of the Whistleblower Protection Caucus.

    Remarks by Senator Chuck Grassley of Iowa
    “Whistleblower Appreciation Day”
    Wednesday, July 30, 2025

    It’s an honor to be among patriots here today.

    Today, nobody will be treated like a skunk at a picnic.

    Whistleblowers too often get the short end of the stick for simply telling the truth.

    Instead, whistleblowers ought to be recognized for what they are: patriots and the government’s most powerful tool to root out waste, fraud, and abuse.

    So, I’m proud to have introduced the National Whistleblower Appreciation Day resolution for the 12th year in a row.

    Throughout my career, I’ve fought for whistleblowers.

    I’m committed to ensuring that federal agencies treat whistleblowers fairly and are held accountable for retaliating against them.

    That goes for both Republican and Democratic administrations.

    When I first was elected to the Senate in 1981, I worked with brave whistleblowers like Ernie Fitzgerald.

    Ernie was fired in 1968 by President Nixon for blowing the whistle on waste and fraud in Defense Department contracts.

    I worked to pass laws to eliminate fraud that whistleblowers like Ernie told me about.

    Now, because of this work, I passed the False Claims Amendment Act in 1986.

    It’s helped recover more than $78 billion in fraud so far, and prevented countless billions more.

    My “anti-gag” provision also became law. It’s an important sword and shield to protect whistleblowers.

    Far too often, federal agencies tried to silence or intimidate whistleblowers through nondisclosure agreements.

    My anti-gag provision is designed to put a stop to that.

    I also championed laws and legislation to expand whistleblower protections for the Federal Bureau of Investigation (FBI).

    This Congress, I introduced much needed legislation to strengthen whistleblower protections for FBI employees.

    But just because we’ve introduced legislation and passed good laws doesn’t mean we can stop paying attention.

    I’ve worked hard to ensure individuals who retaliate against whistleblowers are held accountable. I’ve also pushed federal agencies to do right by whistleblowers.

    IRS whistleblowers Gary Shapley and Joseph Ziegler made legally protected disclosures about government misconduct.

    They were retaliated against and sidelined from doing their job.

    This year, at my urging, they were taken out of the shadows of retaliation and were promoted by the Treasury Department.

    I also pushed the Department of Homeland Security Secretary to end the seven-year nightmare for Customs and Border Protection whistleblowers Mark Jones, Mike Taylor and Fred Wynn.

    These brave whistleblowers faced years of retaliation for blowing the whistle on the government’s failure to collect DNA at the border.

    At my urging, this year the Department of Homeland Security promoted them and restored their law enforcement credentials.

    So, they got their guns and badges back to do their job.

    I’ve also worked to restore the security clearances of FBI employees who had them suspended or revoked.

    These FBI employees were retaliated against and, as we all know, the FBI’s illegal power move is to take away security clearances.

    And it’s not just government whistleblowers who are important.

    I’ve introduced legislation to protect private sector whistleblowers from retaliation for exposing waste, fraud, abuse and misconduct.

    I’m the lead cosponsor of the bipartisan Expanding Whistleblower Protections for Contractors Act.

    That bill increases whistleblower protections for employees of federal contractors and subcontractors.

    I also introduced the bipartisan Securities and Exchange Commission Whistleblower Reform Act of 2025.

    The bill protects corporate whistleblowers who report violations to the Securities and Exchange Commission.

    Additionally, I’m proud to have introduced the bipartisan Artificial Intelligence Whistleblower Protection Act.

    That bill is designed to increase transparency and provide whistleblower protections to employees who work in the Artificial Intelligence field.

    But like I said, there’s still a lot of work to be done.

    The task of supporting whistleblowers doesn’t start and stop with this day or depend on who’s in the White House.

    If you make legally protected disclosures, you’re a whistleblower and ought to be protected from retaliation.

    This administration has said Mr. Reuvini isn’t a whistleblower.

    I’ve publicly disagreed.

    The other two people who came forward about Mr. Bove are also whistleblowers.

    Here’s my message to all whistleblowers in this room: just because I may disagree with the conclusions in a whistleblower disclosure, it doesn’t mean that I don’t support a whistleblower’s right to come forward.

    And regardless of the content of the disclosure, every whistleblower must be protected from retaliation.

    That’s why last week, I wrote President Trump about the importance of protecting whistleblowers from retaliation.

    As this administration reduces the federal workforce, it must ensure terminations aren’t done because a protected disclosure was made. This administration, just like all the rest, has an obligation to comply with whistleblower laws.

    In my letter, I also reminded President Trump of my outstanding request that he hold a Rose Garden Ceremony for whistleblowers.

    I’ve asked every president since Ronald Reagan to have a Rose Garden ceremony honoring whistleblowers.

    I’m not giving up on that request just like I’m not giving up on any of you.

    Whistleblowers are some of the bravest people out there. It takes guts to stick your neck out and report misconduct.

    All of you here have put your careers, livelihoods and reputations on the line in service to our great country.

    God Bless you for your service and sacrifices.

    I’ll continue to fight for you.

    -30-

    MIL OSI USA News

  • MIL-OSI USA: Schatz-Collins Bipartisan Legislation To Reform Disaster Recovery Passes Key Committee

    US Senate News:

    Source: United States Senator for Hawaii Brian Schatz

    WASHINGTON – The Senate Committee on Banking, Housing, and Urban Affairs yesterday unanimously voted to advance a bipartisan housing package which included the Reforming Disaster Recovery Act. The provision, authored by U.S. Senators Brian Schatz (D-Hawai‘i) and Susan Collins (R-Maine), would help communities recover from major disasters.

    “Right now, each time a disaster happens, communities in crisis are forced to wait for Congress to pass a disaster funding bill before HUD can help. Our provision changes the law so they no longer have to wait. As soon as a disaster strikes, HUD will be able to help communities begin the process of recovery,” said Senator Schatz.

    “With natural disasters increasing in frequency and intensity—as we saw earlier this month with the devastating floods in Texas—it is critical that states have the necessary resources to respond in order to protect public safety, property, and our economy,” said Senator Collins. “Our bipartisan legislation would allow communities to immediately focus on helping families and local businesses recover instead of waiting on the federal bureaucracy in the wake of a natural disaster.”

    The Schatz-Collins measure addresses long-standing recommendations from the HUD Office of the Inspector General and Government Accountability Office to establish a permanent and predictable funding process. The bill accelerates assistance to disaster-impacted communities by:

    • Creating a disaster recovery fund to allow HUD to predictably assist communities;
    • Authorizing HUD to issue regulations to codify program requirements and reduce unnecessary red tape, delays, and unpredictability that stems from the current process;
    • Supporting resilience as a part of – rather than separate from – disaster recovery;
    • Authorizing “quick release” funds to support grantee capacity right after an event;
    • Improving federal coordination by establishing an office at HUD devoted to disaster recovery and resilience; and
    • Reducing unnecessary administrative burdens and interagency requirement conflicts.

    The full text of the provision is available here.

    MIL OSI USA News

  • MIL-OSI USA: Grassley Helps Reinstate FBI Whistleblower, Delivers Keynote Address During National Whistleblower Appreciation Day

    US Senate News:

    Source: United States Senator for Iowa Chuck Grassley

    WASHINGTON – At the National Whistleblower Day celebration on Capitol Hill Wednesday, Sen. Chuck Grassley (R-Iowa) announced he has succeeded in reinstating Federal Bureau of Investigation (FBI) whistleblower Michael DeBey’s clearance and employment with the agency. This is the sixth whistleblower Grassley has successfully restored so far this year.

    During his remarks, Grassley also spoke about his work to support patriotic whistleblowers and the important role they play in rooting out waste, fraud and abuse. Grassley is the co-founder and co-chair of the Whistleblower Protection Caucus.

    Remarks by Senator Chuck Grassley of Iowa
    “Whistleblower Appreciation Day”
    Wednesday, July 30, 2025

    It’s an honor to be among patriots here today.

    Today, nobody will be treated like a skunk at a picnic.

    Whistleblowers too often get the short end of the stick for simply telling the truth.

    Instead, whistleblowers ought to be recognized for what they are: patriots and the government’s most powerful tool to root out waste, fraud, and abuse.

    So, I’m proud to have introduced the National Whistleblower Appreciation Day resolution for the 12th year in a row.

    Throughout my career, I’ve fought for whistleblowers.

    I’m committed to ensuring that federal agencies treat whistleblowers fairly and are held accountable for retaliating against them.

    That goes for both Republican and Democratic administrations.

    When I first was elected to the Senate in 1981, I worked with brave whistleblowers like Ernie Fitzgerald.

    Ernie was fired in 1968 by President Nixon for blowing the whistle on waste and fraud in Defense Department contracts.

    I worked to pass laws to eliminate fraud that whistleblowers like Ernie told me about.

    Now, because of this work, I passed the False Claims Amendment Act in 1986.

    It’s helped recover more than $78 billion in fraud so far, and prevented countless billions more.

    My “anti-gag” provision also became law. It’s an important sword and shield to protect whistleblowers.

    Far too often, federal agencies tried to silence or intimidate whistleblowers through nondisclosure agreements.

    My anti-gag provision is designed to put a stop to that.

    I also championed laws and legislation to expand whistleblower protections for the Federal Bureau of Investigation (FBI).

    This Congress, I introduced much needed legislation to strengthen whistleblower protections for FBI employees.

    But just because we’ve introduced legislation and passed good laws doesn’t mean we can stop paying attention.

    I’ve worked hard to ensure individuals who retaliate against whistleblowers are held accountable. I’ve also pushed federal agencies to do right by whistleblowers.

    IRS whistleblowers Gary Shapley and Joseph Ziegler made legally protected disclosures about government misconduct.

    They were retaliated against and sidelined from doing their job.

    This year, at my urging, they were taken out of the shadows of retaliation and were promoted by the Treasury Department.

    I also pushed the Department of Homeland Security Secretary to end the seven-year nightmare for Customs and Border Protection whistleblowers Mark Jones, Mike Taylor and Fred Wynn.

    These brave whistleblowers faced years of retaliation for blowing the whistle on the government’s failure to collect DNA at the border.

    At my urging, this year the Department of Homeland Security promoted them and restored their law enforcement credentials.

    So, they got their guns and badges back to do their job.

    I’ve also worked to restore the security clearances of FBI employees who had them suspended or revoked.

    These FBI employees were retaliated against and, as we all know, the FBI’s illegal power move is to take away security clearances.

    And it’s not just government whistleblowers who are important.

    I’ve introduced legislation to protect private sector whistleblowers from retaliation for exposing waste, fraud, abuse and misconduct.

    I’m the lead cosponsor of the bipartisan Expanding Whistleblower Protections for Contractors Act.

    That bill increases whistleblower protections for employees of federal contractors and subcontractors.

    I also introduced the bipartisan Securities and Exchange Commission Whistleblower Reform Act of 2025.

    The bill protects corporate whistleblowers who report violations to the Securities and Exchange Commission.

    Additionally, I’m proud to have introduced the bipartisan Artificial Intelligence Whistleblower Protection Act.

    That bill is designed to increase transparency and provide whistleblower protections to employees who work in the Artificial Intelligence field.

    But like I said, there’s still a lot of work to be done.

    The task of supporting whistleblowers doesn’t start and stop with this day or depend on who’s in the White House.

    If you make legally protected disclosures, you’re a whistleblower and ought to be protected from retaliation.

    This administration has said Mr. Reuvini isn’t a whistleblower.

    I’ve publicly disagreed.

    The other two people who came forward about Mr. Bove are also whistleblowers.

    Here’s my message to all whistleblowers in this room: just because I may disagree with the conclusions in a whistleblower disclosure, it doesn’t mean that I don’t support a whistleblower’s right to come forward.

    And regardless of the content of the disclosure, every whistleblower must be protected from retaliation.

    That’s why last week, I wrote President Trump about the importance of protecting whistleblowers from retaliation.

    As this administration reduces the federal workforce, it must ensure terminations aren’t done because a protected disclosure was made. This administration, just like all the rest, has an obligation to comply with whistleblower laws.

    In my letter, I also reminded President Trump of my outstanding request that he hold a Rose Garden Ceremony for whistleblowers.

    I’ve asked every president since Ronald Reagan to have a Rose Garden ceremony honoring whistleblowers.

    I’m not giving up on that request just like I’m not giving up on any of you.

    Whistleblowers are some of the bravest people out there. It takes guts to stick your neck out and report misconduct.

    All of you here have put your careers, livelihoods and reputations on the line in service to our great country.

    God Bless you for your service and sacrifices.

    I’ll continue to fight for you.

    -30-

    MIL OSI USA News