Category: Scandinavia

MIL-OSI: Decisions of Sampo plc’s Annual General Meeting
Source: GlobeNewswire (MIL-OSI)

Sampo plc, stock exchange release, 23 April 2025 at 4:05 pm EEST

Decisions of Sampo plc’s Annual General Meeting

The Annual General Meeting of Sampo plc, held today on 23 April 2025, approved all the proposals made to the Annual General Meeting (AGM) by the Board of Directors and its Committees, including distribution of dividend of EUR 0.34 per share for 2024.

The AGM adopted the financial accounts for 2024 and discharged the members of the Board of Directors and CEO from liability for the financial year ending 31 December 2024. The AGM authorised the Board of Directors to decide on share repurchases.

Including proxy representatives, there were altogether 1,746,933,448 shares (64.91 per cent of all shares) and 1,750,933,448 votes (64.96 per cent of all votes) in the company represented at the AGM.

Dividend payment

The AGM decided to distribute a dividend of EUR 0.34 per share for 2024. The dividend will be paid to the shareholders registered in the company’s shareholders register maintained by Euroclear Finland Oy or VP Securities A/S in Denmark, and to the holders of the Swedish depository receipts (SDRs) registered in the securities depository and settlement register maintained by Euroclear Sweden AB, as at the record date of 25 April 2025.

The dividend will be paid to the shareholders and holders of the share entitlements on 6 May 2025 and to the SDR holders on 8 May 2025.

Election and remuneration of the Board members

The number of Board members was decreased by one to eight members. Christian Clausen, Steve Langan, Risto Murto, Antti Mäkinen, Markus Rauramo, Astrid Stange and Annica Witschard were re-elected for a term continuing until the close of the next Annual General Meeting. Sara Mella was elected as a new member to the Board. Of the previous members, Georg Ehrnrooth and Jannica Fagerholm were not available for re-election.

At its organisational meeting, the Board elected Antti Mäkinen as Chair and Risto Murto as Vice Chair.

All Board members have been determined to be independent of the Company and its major shareholders under the rules of the Finnish Corporate Governance Code 2025. The CVs of the Board members are available at www.sampo.com/board.

The AGM decided on the following annual fees to the members of the Board of Directors until the close of the next AGM:
- EUR 243,000 for the Chair of the Board (prev. EUR 235,000);
- EUR 140,000 for the Vice Chair of the Board (prev. EUR 135,000);
- EUR 108,000 for each member of the Board (prev. EUR 104,000);
- EUR 30,000 for the Chair of the Audit Committee as an additional annual fee (prev. EUR 29,000); and
- EUR 6,800 for each member of the Audit Committee as an additional annual fee (prev. EUR 6,600).
A Board member must acquire Sampo plc A shares at the price paid in public trading with 50 per cent of his/her annual fee after the deduction of taxes, payments and potential statutory social and pension costs. Notwithstanding this, a Board member is not required to purchase any additional Sampo plc A shares if the Board member owns such amount of said shares that their value is equivalent to twice the respective Board member’s gross annual fee. The Company will pay any possible transfer tax related to the acquisition of the shares.

Election and remuneration of the auditor and of the Sustainability Reporting Assurer Provider

The Authorised Public Accountant Firm and Authorised Sustainability Audit Firm Deloitte Ltd was re-elected as the Company’s auditor and Sustainability Reporting Assurance Provider for the financial year 2025. APA ASA Jukka Vattulainen will continue as the auditor with principal responsibility and the principal authorised sustainability auditor. Company’s Auditor and the Sustainability Reporting Assurance Provider will be paid compensation against invoices approved by the Company.

Remuneration Report for Governing Bodies

Sampo’s Remuneration Report for Governing Bodies was adopted through an advisory resolution.

Authorisation on share repurchases

The AGM authorised the Board to resolve to repurchase, on one or several occasions, a maximum of 250,000,000 Sampo plc A shares. The maximum number of shares represents approximately 9.29 per cent of all outstanding A shares of the company. The repurchased shares will be cancelled.

The authorisation will be valid until the close of the next AGM, however, no longer than 18 months from the AGM’s decision.

AGM materials

The proposals approved by the AGM are available in their entirety at Sampo’s website at www.sampo.com/agm. The Remuneration Report for Governing Bodies is available at www.sampo.com/year2024.

The minutes of the Annual General Meeting will be available for viewing at www.sampo.com/agm and at Sampo plc’s head office at Fabianinkatu 27, Helsinki, Finland, by the end of 7 May 2025.

SAMPO PLC

For further information, please contact:

Sami Taipalus
Head of Investor Relations
tel. +358 10 516 0030

Maria Silander
Communications Manager, Media Relations
tel. +358 10 516 0031

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

The MIL Network –
April 24, 2025
MIL-OSI USA: Law Library Publishes New Report, “Minimum Wages for Seafarers on Foreign-Registered Vessels”

Source: US Global Legal Monitor

The staff of the Global Legal Research Directorate of the Law Library of Congress has recently completed a comparative report examining the laws of countries around the globe to identify those that have adopted specific requirements regarding foreign seafarers’ wages. Out of 84 jurisdictions surveyed, only four, Australia, France, the Netherlands, and the United Kingdom, passed legislation affecting foreign seafarers’ wages, with Norway having pending legislation.

According to the report, Minimum Wages for Seafarers on Foreign-Registered Vessels, the implementation of wage requirements in the countries identified was conditioned upon certain geographical requirements and/or the existence of a nexus between the government and the vessel’s operating service in terms of the number of landings in the country’s ports or between the seafarer and the country.

The report contains individual country surveys of the scope of application and the type of required wages in the countries where wage requirements for seafarers on foreign-registered vessels exist. In addition, the report contains information on recommended international law standards and a table summarizing the findings and providing citations to laws and pending legislation.

We invite you to review the information provided in our report, here.

The report is an addition to the Law Library’s Legal Reports (Publications of the Law Library of Congress) collection, which includes over 4,000 historical and contemporary legal reports covering a variety of jurisdictions, researched and written by foreign law specialists with expertise in each area. To receive alerts when new reports are published, you can subscribe to email updates and the RSS feed for Law Library Reports (click the “subscribe” button on the Law Library’s website). The Law Library also regularly publishes articles related to wages and hours in the Global Legal Monitor.

Subscribe to In Custodia Legis – it’s free! – to receive interesting posts drawn from the Law Library of Congress’s vast collections and our staff’s expertise in U.S., foreign, and international law.

MIL OSI USA News –

April 24, 2025
MIL-OSI Economics: Danish krone now available in all TARGET Services
Source: European Central Bank

23 April 2025
- Danish krone available for settlement in T2 and TIPS
- TARGET Services provide safe and efficient financial market infrastructures for Danish financial markets
- All TARGET Services now multi-currency
As of 22 April 2025, Danish market participants are able to settle wholesale and retail payments in Danish krone instantly in the Eurosystem’s T2 and TARGET Instant Payment Settlement (TIPS) services. Following a successful migration, Danmarks Nationalbank has become the first non-euro area central bank to participate in all three TARGET Services with its currency. Settlement in Danish krone has already been available in TARGET2-Securities since 2018.

By using T2 and TIPS, Danish financial markets will benefit from common standards with the euro area, optimised liquidity management and strengthened IT security, allowing efficient and secure real-time settlement of wholesale and retail payments.

This achievement is a result of the close collaboration between Danmarks Nationalbank and the Eurosystem since the decision to join T2 and TIPS was taken in 2020. Danish market participants have been conducting testing campaigns and migration rehearsals since September 2023 to ensure full readiness for onboarding to the two systems.

With the inclusion of Danish krone, T2 activated its multi-currency function for the first time. TIPS now supports three currencies: the euro, the Swedish krona, which was onboarded in 2024, and the Danish krone. Including other currencies in TARGET Services strengthens European integration and enhances financial market efficiency beyond the euro area. Sweden has expressed an interest in joining additional TARGET Services, while other non-euro area countries, such as Norway and Iceland, have also expressed an interest in joining TARGET Services with their respective national currencies. An added benefit of multi-currency infrastructures is the potential for safe and efficient cross-currency settlement. Danmarks Nationalbank, Sveriges Riksbank and the ECB are collaborating on the implementation of such cross-currency capabilities in TIPS.

Danmarks Nationalbank applied to join T2 and TIPS in 2020, and the currency participation agreement was signed in 2024. TARGET Services are developed and operated by the Eurosystem and provide safe and efficient financial market infrastructure services in central bank money, which supports financial integration and the capital markets union. Including branches and subsidiaries, more than 40,000 banks worldwide and all their customers can be reached via T2, which every six days processes a value close to the entire euro area GDP. TIPS settles instant retail payments at any time of day and on any day of the year.

For media queries, please contact Benoit Deeg tel.: +49 172 1683704.
MIL OSI Economics –
April 23, 2025
MIL-OSI: First Quarter Report 2025
Source: GlobeNewswire (MIL-OSI)

SERSTECH GROUP, 1 JANUARY – 31 MARCH
- Net sales amounted to KSEK 19 892 (14 174), an increase of 40%.
- EBITDA amounted to KSEK 669 (1 368), corresponding to an EBITDA margin of 3%.
- EBIT amounted to KSEK -1 339 (-522), corresponding to an EBIT margin of -7%.
- Cash flow from operating activities amounted to KSEK -3 140 (1 627).
- Earnings per share amounted to SEK -0.01 (-0.00).
- Earnings per average number of shares amounted to SEK -0.01 (-0.00)
Message from the CEO

Sales in the first quarter were in line with expectations, amounting to approximately 20 MSEK, resulting in an EBITDA of 0.7 MSEK. During the quarter, we received two orders from our partner Kaiser in Singapore, totaling approximately 4 MSEK in consumables. The end customer has purchased instruments through four separate orders. The continued orders of consumables indicate that the instruments are in frequent use. The customer operates within law enforcement, and the SERS consumables are used to identify narcotics in very low concentrations and mixtures that are typically difficult or impossible to detect with handheld Raman devices that lack the patented SERS capability.

During the quarter, we launched three new accessories that address challenges previously unsolvable with handheld Raman technology. These new accessories were demonstrated for partners and customers, and the feedback has been very positive. Combined with SERS and the Serstech Arx mkII, these additions enable the identification of narcotics and other hazardous substances down to 30 micrograms, as well as liquid traces as small as a few microliters. No other handheld Raman-based systems currently on the market offer this capability, which we refer to as trace identification. Competing technologies are limited to either trace detection (i.e., detecting the presence of a threat without identifying it – similar to what a dog can do) or bulk identification (i.e., identifying larger volumes of a chemical). Serstech now provides a complete solution encompassing bulk identification, trace sampling and collection, and trace identification. With our software and integration capabilities, we offer the most comprehensive solution on the market for identifying narcotics, hazardous substances, and chemical warfare agents.

In March, we began the liquidation of our Romanian subsidiary, Serstech Development SRL, and we expect the process to be completed by the end of the second quarter. As of the end of March, we had nine software developers working at the Romanian office. Following the pandemic, staff costs in Romania have increased significantly. By relocating these positions to our Lund office, we can reduce costs while also improving output. Most replacements have already been recruited, and we expect the team to be fully staffed before the end of summer.

We are observing promising trends in the market that are likely to positively impact our sales in the coming years. The threat of tariffs is making U.S.-based product pricing increasingly unpredictable. As a result, some customers are seeking non-U.S. suppliers – of which there are very few in our industry. All our major competitors are based in the U.S., while Serstech remains the only EU-based manufacturer of handheld Raman solutions. This trend is most prominent in Europe but is also emerging in other regions.

However, the threat of U.S. tariffs could negatively affect our U.S. sales in 2025, and we are closely monitoring the situation. While it is too early to draw definitive conclusions, a potential worst-case scenario is that our products could become too expensive for the U.S. market. We are currently evaluating and preparing potential solutions, such as establishing local production in the U.S. and/or building inventory in the U.S. before any higher tariffs are implemented.

The year has started positively, with a strengthened product portfolio, high demand, and the possibility of a trade conflict that could ultimately benefit Serstech in the medium to long term. As always, we should expect quarterly variations due to the nature of the industry, and given the current geopolitical volatility, these fluctuations may be more pronounced than usual. Nonetheless, we remain confident in our long-term growth and profitability. The investments we are making this year in sales, product development, and production will significantly contribute to our results for many years to come.

Stefan Sandor, CEO
April 2025

For further information, please contact:
Stefan Sandor,
CEO, Serstech AB Phone: +46 739 606 067
Email: ss@serstech.com

or

Thomas Pileby,
Chairman of the Board, Serstech AB Phone: +46 702 072 643
Email: tp@serstech.com
or visit: www.serstech.com

This is information that Serstech AB (publ.) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above at 11:30 CET on April 23, 2025.

Certified advisor to Serstech is Svensk Kapitalmarknadsgranskning AB (SKMG).

About Serstech
Serstech delivers solutions for chemical identification and has customers around the world, mainly in the safety and security industry. Typical customers are customs, police authorities, security organizations and first responders. The solutions and technology are however not limited to security applications and potentially any industry using chemicals of some kind could be addressed by Serstech’s solution. Serstech’s head office is in Sweden and all production is done in Sweden.
Serstech is traded at Nasdaq First North Growth Market and more information about the company can be found at www.serstech.com

Attachment
- Serstech Group – Q1 Report 2025
The MIL Network –
April 23, 2025
MIL-OSI Russia: Filmmakers’ Forum and Actors’ Master Classes: How the Weekend Went at the Moskino Cinema Park

Translartion. Region: Russians Fedetion –

Source: Moscow Government – Government of Moscow –

Last weekend, April 19 and 20, the Moskino Cinema Park hosted a filmmakers’ forum dedicated to the use of modern technologies in film production. Industry experts spoke at the forum. In addition, it was possible to take part in acting master classes and the quest “Film! Film! Film!”, as well as see the one-man show “Dog”.

Lectures, master classes and creative evenings

The first lecture was given by Broadcast’s Product Director Leonid Novoselov. He spoke about real-time filming technology, 3D graphics and innovative programs for implementing creative ideas. The lecture helped students of specialized universities learn a lot of new things.

The master class by Natalia Klibanova, chief producer of the film company Amedia Production, was devoted to the topic of complex staging of filming. She worked on such projects as The Master and Margarita, Palma-2 and Psychologists. She shared stories from her own professional experience with the student filmmakers.

“It is very nice that there are people who come to my lectures at the cinema park more than once. In general, the audience is very interested, these are either those who want to learn more about cinema or those who want to integrate into the industry. Actors who want to expand their professional opportunities often come to the lectures. And we always invite them to castings, tell them about projects. This certainly gives results. There are also those who want to reformat their activities, while remaining in cinema. For example, they were involved in advertising, but dream of moving towards TV series. We talk about the work of our company, about who we are looking for, offer internships for students. The most important thing is not to be afraid to participate in pitching, festivals, educational programs that the Moskino cinema park organizes. It is incredibly valuable that forums, lectures and master classes for aspiring filmmakers are held here,” said Natalia Klibanova.

The artistic part of film production was the subject of a lecture by Alexandrina Trapeznikova, a teacher at the Institute of Cinema and Television (GITR). The production designer spoke about how the tools of professionals in this field have changed thanks to the advent of computer technology, as well as about drawing skills and new tasks. At a panel discussion, filmmakers Natalia Klibanova, Alexandra Trapeznikova and Leonid Novoselov discussed the latest trends in the industry, the future of cinematography and answered questions from the audience.

The Gonzaga Theatre set hosted a creative evening with actor Lev Zulkarnaev, a participant in the projects “The Word of a Boy” and “Buratino”. The graduate of the Russian Institute of Theatre Arts – GITIS, spoke about the acting profession and interaction with the director. Many young fans gathered for his performance, took photos with the artist, asked questions and received autographs.

“I think that such meetings are important, but only in combination with my own experience. Because in theory everything sounds one way, but in practice it is completely different. It is important that those who want to get into cinema definitely try, get their hand in, maybe make mistakes and learn from them. The Cinema Park is a professional space with good organization, where I felt very comfortable working. I starred here in the film “Buratino” on the “Provincial Towns of Europe” set, and I only have positive impressions. I have never seen such amazing scenery. I hope that I will definitely work on the Cinema Park sets again,” shared Lev Zulkarnayev.

In addition, a master class and lecture on acting were held by the actor of the Stanislavsky Electrotheatre Nikita Makhalov and the director of the Theatre of Young Muscovites Andrey Zadubrovsky. Nikita Makhalov demonstrated professional techniques for conveying the emotional state of the hero. Andrey Zadubrovsky told the audience about the means of expressiveness of speech and plasticity, and also revealed the secret of how to play a role while remaining yourself.

Performances, quests and film screenings

At the Gonzaga Theatre, children and parents watched Alexey Poltavsky’s one-man show “Dog” based on the story of the same name by Georgian writer Nodar Dumbadze. The story about the struggle between good and evil, a teenager’s difficult choice and love for an abandoned animal evoked genuine feelings in the audience.

The immersive quest “Film! Film! Film!” was held at the Uyezdny Gorod location. The participants had to go through the entire film production process – from creating a script to releasing the film, and they were helped in this by episodes played out by professional actors. In the process of creating a cinematic masterpiece, the participants were inspired by realistic decorations of suburban streets and buildings.

Unforgettable impressions of the weekend were left by watching films for the whole family at the Moskino Kinopark cinema. Adventure lovers remembered the new Russian film Kraken. The film tells about the search for a missile submarine cruiser that disappeared during a secret mission in the Greenland Sea. In addition, viewers saw kind films about family, friendship and loyalty Batya-2. Ded and Palma-2. And the cartoon Jurassic Jungle was especially memorable for the young guests of the cinema park.

Sobyanin told how virtual technologies simplify film shooting in Moscow The 47th Moscow International Film Festival opened with the historical war drama “Not on the Lists”

The Moskino cinema park is part of Sergei Sobyanin’s “Moscow – City of Cinema” project and an object of the Moscow cinema cluster, which is being developed by the capital Department of CultureThe first stage of development has already been completed here: 24 natural sites, four pavilions and six infrastructure facilities have been built, including the sets “Center of Moscow”, “Moscow in the 1940s”, “Vitebsk Station”, “Yurovo Airport”, “Cathedral Square of Moscow”, “Deaf Village”, “County Town”, “Cowboy Town”, “St. Petersburg Bar” and others.

The Moscow Film Cluster is an infrastructure facility, services and facilities for filmmakers, which are being developed by the Moscow Government within the framework of the Moscow — City of Cinema project. Its structure includes the Moskino film park, the Gorky Film Studio (sites on Sergei Eisenstein Street and Valdaisky Proyezd), the Moskino film factory, the Moskino cinema chain, the film commission and the Moskino film platform.

Get the latest news quickly in the official telegram channel the city of Moscow.

Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

Please Note; This Information is Raw Content Directly from the Information Source. It is access to What the Source Is Stating and Does Not Reflect

https: //vv.mos.ru/nevs/ite/153022073/

MIL OSI Russia News –

April 23, 2025
MIL-OSI: JLT Mobile Computers renews its five-year agreement with Kaleris to continuously validate their computers for major releases of the N4 Terminal Operating System

Source: GlobeNewswire (MIL-OSI)

Image available: pr@jltmobile.com

This announcement underscores JLT’s long-term commitment to the port segment and their dedication to providing robust, reliable solutions for container terminal operations

Växjö, Sweden,22 April 2025 * * * JLT Mobile Computers, a leading supplier of rugged computers, has announced the renewal of the Navis Ready Partner Program Agreement with Kaleris. This marks ten years of close and successful cooperation between JLT and Kaleris.

With Navis Ready validation, ports and terminals can rely on a seamless integration of the JLT computers with Kaleris N4 Terminal Operating System (TOS) for all major releases within the coming five-year period.

Future-proof, risk-free hardware and software integration with Kaleris N4 TOS
More than 500 terminals in 80 countries use N4 TOS to improve operational efficiencies and lower the cost of handling containers and equipment at ports and terminals. To maintain these operational advantages across their workflow, terminals rely on validated technology partnerships.

Navis Ready is a validation program that tests partner hardware and software solutions in a simulated environment to ensure compatibility with specific versions of the N4 TOS. By choosing a Navis Ready partner like JLT, terminal operators benefit from seamless project deployment, as compliance with the container terminal operating environment is pre-verified.

“We are happy that JLT committed to easy integration of our TOS by signing another five-year agreement. Together, JLT and Kaleris are ready to provide a strong offering to new and existing users of N4,” says Kirk Knauff, CEO of Kaleris.

Rigorous validation tests of JLT rugged computers ensure seamless integration

The JLT rugged computers undergo rigorous testing to earn their Navis Ready validation. These rugged computers are designed and built for harsh environments in container terminals. Whether installed inside a crane or truck cabin or outdoors, JLT rugged computers are used by many high-profile ports and terminals worldwide.

“Since 2015, we have collaborated with Kaleris, and we were their first five-year validation partner in 2019. Many container terminals worldwide already use JLT solutions in their daily operations. Combining the extended Navis Ready validation for another five years with our rugged computers strengthens our long-term promise to meet our customers’ needs and ensures hassle-free and reliable operations,” says Per Holmberg, CEO of JLT Mobile Computers.

N4 customers benefit from JLT’s long experience in ports and terminals as well as many other industries. JLT designs and develops a portfolio of rugged computers with the aim of maximizing efficiency and productivity in our customers’ operations.

“When we chose the combination of JLT and N4 TOS, we required a strong operational foundation. After five years, it has truly delivered, and the ongoing support from both parties gives us confidence that they will continue to uphold the high standard we’ve come to rely on. With a renewed five-year agreement, we are assured that this partnership will keep driving our success,” says Orlando Valerón Rodríguez, IT Manager at OPCSA.

To learn more about JLT Mobile Computers and the company’s products, services, and solutions, visit jltmobile.com/solutions/ports/

About JLT Mobile Computers

Reliable performance, less hassle. JLT Mobile Computers is a leading supplier of rugged mobile computing devices and solutions for global and local port operators, in particular, container terminals. Almost 30 years of development and manufacturing experience have enabled us to set the standard in rugged computing, combining outstanding product quality with expert service, support, and solutions. Operators depend on JLT computing devices in all their container handling equipment (CHE) to ensure trouble-free business operations 24/7. JLT participates in the Navis Ready Validation program to ensure interoperability with Kaleris N4. JLT operates globally from offices in Sweden, France and the US, complemented by an extensive network of sales partners in local markets. The company was founded in 1994, and its shares have been listed on the Nasdaq First North Growth Market stock exchange since 2002 under the symbol JLT. Eminova Fondkommission AB acts as Certified Adviser. Learn more at www.jltmobile.com.

About Kaleris

Kaleris is a global software company dedicated to solving the world’s most difficult supply chain transportation challenges. Trusted by over 650 companies across 80 countries, we provide mission-critical software for yard and transportation management, terminal operations, and ocean shipping. By building a more connected, visible, sustainable, and reliable global logistics ecosystem, we bridge the data gaps that create inefficiencies and empower our customers to achieve their goals. For more information, visit www.Kaleris.com Media contact: Suzy Swindle, suzy.swindle@kaleris.com 

The MIL Network –

April 23, 2025
MIL-OSI: Nykredit extends the offer period concerning the recommended, voluntary public tender offer for Spar Nord Bank A/S until 20 May 2025 – Nykredit Realkredit A/S
Source: GlobeNewswire (MIL-OSI)

THIS ANNOUNCEMENT IS PUBLISHED PURSUANT TO SECTIONS 9(3)-(5) AND SECTION 21(3) OF EXECUTIVE ORDER NO. 636 OF 15 MAY 2020

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR TO ANY JURISDICTION WHERE DOING SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION

Publication of supplement concerning extension of offer period for Nykredit’s recommended, voluntary public tender offer for Spar Nord Bank A/S until 20 May 2025

23 April 2025

Nykredit extends the offer period concerning the recommended, voluntary public tender offer for Spar Nord Bank A/S until 20 May 2025

In accordance with section 4(1) of the Danish Takeover Order¹, Nykredit Realkredit A/S (“Nykredit”) announced on 10 December 2024 that Nykredit intended to submit a voluntary public tender offer (the “Offer”) to acquire all shares in Spar Nord Bank A/S (“Spar Nord Bank”), with the exception of Spar Nord Bank’s treasury shares, for a cash price of DKK 210 per share, valuing the aggregated issued share capital of Spar Nord Bank at DKK 24.7 billion. As stated in the supplement dated April 2, 2025, the offer price has subsequently been increased to DKK 210.50 per share.

On 8 January 2025, Nykredit published the offer document regarding the Offer (the “Offer Document”), as approved by the Danish FSA in accordance with section 11 of the Danish Takeover Order. In the Offer Document, the offer period was set to expire on 19 February 2025 at 23:59 (CET) (the “Initial Offer Period”). The Initial Offer Period was subsequently extended in supplements dated 18 February, 19 March and, most recently, 2 April 2025, where the offer period was extended to 24 April 2025 at 23:59 (CEST).

Today, Nykredit published a supplement (the “Supplement”) to the Offer Document, which further extends the offer period for the Offer. The Supplement has been approved by the Danish FSA on 23 April 2025 in accordance with section 9(3)-(5) of the Danish Takeover Order. The Supplement should be read in conjunction with the Offer Document and the previous supplements.

With this Supplement, Nykredit further extends the offer period, such that the Offer will expire on 20 May 2025 at 23:59 (CEST). Subsequently, any reference to the “Offer Period” in the Offer Document or other documents relating to the Offer will refer to the period commencing on the day of publication of the Offer Document on 8 January 2025 and ending on 20 May 2025 at 23:59 (CEST) (the “Extended Offer Period”).

Nykredit has been informed by the Danish Competition and Consumer Authority that Nykredit’s merger notification regarding the Nykredit’s acquisition of sole control over Spar Nord Bank is considered complete as of 31 March 2025. Nykredit awaits the Danish Competition and Consumer Authority’s decision.

The purpose of the extension is to provide Nykredit with time to obtain the approval from the Danish Competition and Consumer Authority required to complete the Offer. If the approval from the Danish Competition and Consumer Authority has not been granted by the expiry of the Extended Offer Period, Nykredit expects to extend the offer period further.

The extension of the offer period entails that the expected completion of the Offer and settlement of the offer price to the Spar Nord Bank shareholders who have accepted the Offer will be extended correspondingly. Completion is subsequently expected to take place on 28 May 2025 (provided that the offer period is not extended further).

At the time of this announcement, Nykredit holds 32.79 per cent of the shares in Spar Nord Bank.

In the supplement dated 19 March 2025 to the Offer Document, Nykredit announced that a preliminary compilation of the acceptances that Nykredit had information about showed that, including the irrevocable undertakings, acceptances corresponding to more than 46 per cent of the share capital of Spar Nord Bank had been submitted, and that Nykredit’s ownership interest in Spar Nord Bank, together with the irrevocable undertakings and the binding acceptances submitted that Nykredit had information about, totalled more than 80 per cent of the total share capital (excluding treasury shares) of Spar Nord Bank, indicating that the 67 per cent acceptance limit stated in the Offer has been reached. The final result of the Offer will be determined on expiry of the offer period and published in accordance with section 21(3) of the Danish Takeover Order.

Nykredit intends to delist Spar Nord Bank from trading on Nasdaq Copenhagen and complete a compulsory acquisition of the remaining Spar Nord Bank shareholders, provided that Nykredit has obtained the necessary ownership interest, and the Offer has been completed. Spar Nord Bank shareholders who have opted not to accept the Offer, should expect that Nykredit, provided that the Offer is completed, will take steps to combine Nykredit Bank A/S and Spar Nord Bank, which will result in a further increase in Nykredit’s ownership interest in Spar Nord Bank. Not later than in continuation of the combination, Nykredit thus expects to hold a sufficient ownership interest to be able to delist Spar Nord Bank from trading on Nasdaq Copenhagen and complete a compulsory acquisition of the remaining Spar Nord Bank shareholders.

The full terms and conditions of the Offer are contained in the Offer Document as amended by the Supplement. The Offer Document and the Supplement are published in the Danish FSA’s OAM database: https://oam.finanstilsynet.dk/ and can also, with certain restrictions, be accessed at https://www.nykredit.com/kobstilbud-spar-nord/ and https://www.sparnord.dk/investor-relations/overtagelsestilbud.

About Spar Nord Bank

Spar Nord Bank was founded in 1824 and is now a nationwide bank with 58 branches. Spar Nord Bank offers all types of financial services, consultancy and products, focusing its business on retail customers and primarily small and medium-sized enterprises (SMEs) in the local areas in which the bank is represented. The bank is also focused on leasing operations and large corporate customers, which are both business areas handled by the head offices.

Spar Nord Bank has historically been rooted in northern Jutland and continues to be a market leader in this region. However, in the period from 2002 to 2024, Spar Nord Bank has established and acquired branches outside northern Jutland. Over the course of the years, the bank has adjusted its branch network in an ongoing process and now has a nationwide distribution network comprising 58 branches. These 58 branches are distributed on 32 banking areas, each of which is headed by a manager reporting directly to the bank’s executive board.

The Spar Nord Bank Group consists of two earnings entities: Spar Nord Bank’s branches and the Trading Division. As an entity, the Trading Division serves customers from Spar Nord Bank’s branches as well as large retail customers and institutional clients in the field of equities, bonds, fixed income and forex products, asset management and international transactions. Finally, under the concept Sparxpres, the bank offers consumer loans to personal customers through Sparxpres’ platform as well as debt consolidation loans and consumer financing via retail stores and gift voucher solutions via shopping centres and city associations.

About Nykredit

Nykredit Realkredit A/S (“Nykredit”) is a public limited company incorporated under the laws of Denmark, company reg. (CVR) no. 12 71 92 80, having its registered office at Sundkrogsgade 25, 2150 Nordhavn, Denmark. Nykredit is a mortgage credit institution and, together with its wholly-owned subsidiary Totalkredit A/S, is a market leader of the Danish mortgage credit market with a market share of some 45.2 per cent. Nykredit offers mortgage financing for private individuals and businesses.

Nykredit is part of the Nykredit Group, which historically dates back to 1851. In addition to carrying on mortgage credit business, the Group carries on banking business through Nykredit Bank – including banking and wealth management operations – and has a total of around 4,000 employees in Denmark.

Nykredit is owned by an association of the Nykredit Group’s customers, Forenet Kredit. Forenet Kredit owns close to 80 per cent of Nykredit’s shares. Other major shareholders are five Danish pension funds: Akademikernes Pension AP Pension, PensionDanmark, PFA and PKA.

Nykredit is known for the advantages offered through the association. Forenet Kredit makes capital contributions to the Nykredit Group when times are good, and Nykredit has decided to pass these on to its customers.

Since, 2017, Forenet Kredit has paid over DKK 8 billion in capital contributions to the Nykredit Group, and in the period to 2027, Forenet Kredit has provided a further DKK 7 billion.

Questions and further information

Any questions concerning the Offer may be directed to:

Nykredit Bank A/S

Company reg. (CVR) no.: 10 51 96 08

Sundkrogsgade 25

2150 Nordhavn
Denmark

Telephone: +45 7010 9000

and

Carnegie Investment Bank

Filial af Carnegie Investment Bank AB (publ), Sverige

Company reg. (CVR) no. 35 52 12 67

Overgaden Neden Vandet 9B

1414 Copenhagen K
Denmark

E-mail: annette.hansen@carnegie.dk

For further information about the Offer, please see: https://www.nykredit.com/kobstilbud-spar-nord/.

This announcement and the Offer Document (with supplements) are not directed at shareholders of Spar Nord Bank A/S whose participation in the Offer would require the issuance of an offer document, registration or activities other than what is required under Danish law (and, in the case of shareholders in the United States of America, Section 14(e) of, and applicable provisions of Regulation 14E promulgated under, the US Securities Exchange Act of 1934, as amended). The Offer is not made and will not be made, directly or indirectly, to shareholders resident in any jurisdiction in which the submission of the Offer or acceptance thereof would be in contravention of the laws of such jurisdiction. Any person coming into possession of this announcement, the Offer Document or any other document containing a reference to the Offer is expected and assumed to independently obtain all necessary information about any applicable restrictions and to observe these.

This announcement does not constitute an offer or an invitation to purchase securities or a solicitation of an offer to purchase securities in accordance with the Offer or otherwise. The Offer will be submitted only in the form of the Offer Document (with supplements) approved by the FSA, which sets out the full terms and conditions of the Offer, including information on how to accept the Offer. The shareholders of Spar Nord Bank are advised to read the Offer Document and any related documents as they contain important information.

Restricted jurisdictions

The Offer is not made, and acceptance of the Offer to tender Spar Nord Bank shares is not accepted, neither directly nor indirectly, in or from any jurisdiction in which the making or acceptance of the Offer would not be in compliance with the laws of such jurisdiction or would require any registration, approval or any other measures with any regulatory authority not expressly contemplated by the Offer Document (the “Restricted Jurisdictions”). Neither the United States nor the United Kingdom is a Restricted Jurisdiction.

Restricted Jurisdictions include, but are not limited to: Australia, Canada, Hong Kong, Japan, New Zealand and South Africa.

Persons obtaining documents or information relating to the Offer (including custodians, account holding institutions, nominees, trustees, representatives, fiduciaries or other intermediaries) should not distribute, communicate, transfer or send these in or into a Restricted Jurisdiction or use mail or any other means of communication in or into a Restricted Jurisdiction in connection with the Offer. Persons (including, but not limited to, custodians, custodian banks, nominees, trustees, representatives, fiduciaries or other intermediaries) intending to communicate this announcement, the Supplement, the Offer Document or any related document to any jurisdiction outside Denmark or the United States should inform themselves about these restrictions before taking any action. Any failure to comply with these restrictions may constitute a violation of the laws of such jurisdiction, including securities laws. It is the responsibility of all Persons obtaining this announcement, the Supplement, the Offer Document, earlier supplements, an acceptance form and/or other documents relating to the Offer, or into whose possession such documents otherwise come, to inform themselves about and observe all such restrictions.

Nykredit is not responsible for ensuring that the distribution, dissemination or communication of this announcement, the Supplement or the Offer Document to shareholders outside Denmark, the United States and the United Kingdom is consistent with applicable law in any jurisdiction other than Denmark, the United States and the United Kingdom.

Important Information for Shareholders in the United States

The Offer concerns the shares in Spar Nord Bank, a public limited liability company incorporated and admitted to trading on a regulated market in Denmark, and is subject to the disclosure and procedural requirements of Danish law, including the Danish capital markets act and the Danish takeover order.

The Offer is being made to shareholders in Spar Nord Bank in the United States in compliance with the applicable US tender offer rules under the U.S. Securities Exchange Act of 1934, as amended, (the “U.S. Exchange Act”), including Regulation 14E promulgated thereunder, subject to the relief available for a “Tier II” tender offer, and otherwise in accordance with the requirements of Danish law and practice

Accordingly, US Spar Nord Bank shareholders should be aware that this announcement and any other documents regarding the Offer have been prepared in accordance with, and will be subject to, the disclosure and other procedural requirements, including with respect to withdrawal rights, the Offer timetable, settlement procedures and timing of payments of Danish law and practice, which may differ materially from those applicable under US domestic tender offer law and practice. In addition, the financial information contained in this announcement or the Offer Document has not been prepared in accordance with generally accepted accounting principles in the United States, or derived therefrom, and may therefore differ from, or not be comparable with, financial information of US companies.

In accordance with the laws of, and practice in, Denmark and to the extent permitted by applicable law, including Rule 14e-5 under the U.S. Exchange Act, Nykredit, Nykredit’s affiliates or any nominees or brokers of the foregoing (acting as agents, or in a similar capacity, for Nykredit or any of its affiliates, as applicable) may from time to time, and other than pursuant to the Offer, directly or indirectly, purchase, or arrange to purchase, outside of the United States, shares in Spar Nord Bank or any securities that are convertible into, exchangeable for or exercisable for such shares in Spar Nord Bank before or during the period in which the Offer remains open for acceptance. These purchases may occur either in the open market at prevailing prices or in private transactions at negotiated prices. Any information about such purchases will be announced via Nasdaq Copenhagen and relevant electronic media if, and to the extent, such announcement is required under applicable law. To the extent information about such purchases or arrangements to purchase is made public in Denmark, such information will be disclosed by means of a press release or other means reasonably calculated to inform US shareholders of Spar Nord Bank of such information.

In addition, subject to the applicable laws of Denmark and US securities laws, including Rule 14e-5 under the U.S. Exchange Act, the financial advisers to Nykredit or their respective affiliates may also engage in ordinary course trading activities in securities of Spar Nord Bank, which may include purchases or arrangements to purchase such securities.

It may not be possible for US shareholders to effect service of process within the United States upon Spar Nord Bank, Nykredit or any of their respective affiliates, or their respective officers or directors, some or all of which may reside outside the United States, or to enforce against any of them judgments of the United States courts predicated upon the civil liability provisions of the federal securities laws of the United States or other US law. It may not be possible to bring an action against Nykredit, Spar Nord Bank and/or their respective officers or directors (as applicable) in a non-US court for violations of US laws. Further, it may not be possible to compel Nykredit and Spar Nord Bank or their respective affiliates, as applicable, to subject themselves to the judgment of a US court. In addition, it may be difficult to enforce in Denmark original actions, or actions for the enforcement of judgments of US courts, based on the civil liability provisions of the US federal securities laws.

The Offer, if completed, may have consequences under US federal income tax and under applicable US state and local, as well as non-US, tax laws. Each shareholder of Spar Nord Bank is urged to consult its independent professional adviser immediately regarding the tax consequences of the Offer.

NEITHER THE U.S. SECURITIES AND EXCHANGE COMMISSION NOR ANY SECURITIES COMMISSION OR OTHER REGULATORY AUTHORITY IN ANY STATE OF THE U.S. HAS APPROVED OR DECLINED TO APPROVE THE OFFER OR THIS ANNOUNCEMENT, PASSED UPON THE FAIRNESS OR MERITS OF THE OFFER OR PROVIDED AN OPINION AS TO THE ACCURACY OR COMPLETENESS OF THIS ANNOUNCEMENT OR ANY OFFER DOCUMENT. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENCE IN THE UNITED STATES.

1 Executive Order no. 636 of 15 May 2020

Attachments
- Announcement of extension of the Offer Period 23 April 2025
- Supplement to the Offer Document 23 April 2025
The MIL Network –
April 23, 2025
MIL-OSI: Consensus estimates ahead of Q1 2025
Source: GlobeNewswire (MIL-OSI)

Alm. Brand Group hereby publish consensus estimates prior to the announcement of the Q1 results.

Consensus estimates are also available via: almbrand.dk

Conference Call

Alm. Brand Group will report its Q1 2025 results on May 1 at 07:30 CET and host a conference call with management at 11:00 CET on the day of release.

Dial in for analysts and investors (pincode: 743033):

Denmark: +45 89 87 50 45

UK: +44 20 3936 2999

USA: +1 646 664 1960

Contact

Please direct any questions regarding this announcement to:

Investors and equity analysts:

Mads Thinggaard – Head of IR, Rating & ESG Reporting – mobile no. +45 2025 5469

Press:

Mikkel Luplau Schmidt – Head of Media Relations – mobile no. +45 2052 3883

Attachments
- Investor news_Consensus Q1 2025
- ALMB consensus Q125 and 2025_2027
The MIL Network –
April 23, 2025
MIL-OSI Economics: Danmarks Nationalbank has moved krone payments to the pan-european payment system

Source: Danmarks Nationalbank

23 April 2025

This Easter, Danmarks Nationalbank successfully moved payments in Danish kroner from the Danish payment system Kronos2 to the pan-European system, TARGET Services.

By joining TARGET Services, Danmarks Nationalbank is united with the central banks of the Eurosystem in protecting payment processing against persistent cyber threats.

“We strengthen security by working together with other European central banks in the payments area. This is especially important at a time when the cyber threat is high and increasing,” says Governor Ulrik Nødgaard.

Danes will not experience any changes on a day-to-day basis, but going forward their payments will be handled via a more robust and future-proof platform. Over time, the vision is that citizens will more directly experience benefits such as easier and cheaper access to instant payments across currencies.

“Economically it’s also advantageous to share payments infrastructure across countries. The economies of scale in a centralised system will provide savings on the ongoing costs of operation, maintenance and further development,” says Ulrik Nødgaard.

The Danish krone will be the first currency outside the euro to handle both payments and securities transactions on TARGET Services. Over time, more currencies are expected to join.

Danmarks Nationalbank has been working towards the migration since 2020. The schedule has been met and the total costs, shared between Danmarks Nationalbank and the banking sector, are lower than originally anticipated.

“The project has been realised in close collaboration with the Danish banking sector, the European Central Bank and other relevant parties. Throughout the process, the collaboration has been positive and purposeful, with a common focus and clear goals. The good dialogue and the sector’s support have helped ensure that the project has been completed within the agreed framework – in terms of both cost and time. I would like to thank everyone for that,” says Ulrik Nødgaard.

The press can contact Communications and Press Officer Teis Hald Jensen on tel. +45 3363 6066 or

FACTS:

Since 2018, Danish securities transactions in Danish kroner have taken place in the European system for securities transactions. The system is called T2S and it is also part of TARGET Services.

With the migration of the Danish krone to T2 and TIPS, the execution of payments and securities transactions in Danish kroner has been centralised on TARGET Services. Denmark is the first non-euro country to use T2, TIPS and T2S.

Sveriges Riksbank is already on the instant payments system, TIPS, and decided in June 2024 to begin the process with the European Central Bank, ECB, for participation in the T2 liquidity management and payments system and the T2S securities transactions system.

Norges Bank signed an agreement with the ECB in November 2024 to participate in TIPS and is also in discussions with the ECB about possible participation in T2.

In September 2024, the Central Bank of Iceland announced that it has initiated an assessment of whether the Icelandic krona should join TARGET Services.

Danish monetary policy will not be affected by the migration to TARGET Services. The existing monetary policy instruments used in the exercise of monetary policy by Danmarks Nationalbank are supported in the new infrastructure. These instruments are handled by Danmarks Nationalbank’s own system for monetary policy instruments and collateral.

MIL OSI Economics –

April 23, 2025
MIL-OSI Europe: Danish krone now available in all TARGET Services
Source: European Central Bank

23 April 2025
- Danish krone available for settlement in T2 and TIPS
- TARGET Services provide safe and efficient financial market infrastructures for Danish financial markets
- All TARGET Services now multi-currency
As of 22 April 2025, Danish market participants are able to settle wholesale and retail payments in Danish krone instantly in the Eurosystem’s T2 and TARGET Instant Payment Settlement (TIPS) services. Following a successful migration, Danmarks Nationalbank has become the first non-euro area central bank to participate in all three TARGET Services with its currency. Settlement in Danish krone has already been available in TARGET2-Securities since 2018.

By using T2 and TIPS, Danish financial markets will benefit from common standards with the euro area, optimised liquidity management and strengthened IT security, allowing efficient and secure real-time settlement of wholesale and retail payments.

This achievement is a result of the close collaboration between Danmarks Nationalbank and the Eurosystem since the decision to join T2 and TIPS was taken in 2020. Danish market participants have been conducting testing campaigns and migration rehearsals since September 2023 to ensure full readiness for onboarding to the two systems.

With the inclusion of Danish krone, T2 activated its multi-currency function for the first time. TIPS now supports three currencies: the euro, the Swedish krona, which was onboarded in 2024, and the Danish krone. Including other currencies in TARGET Services strengthens European integration and enhances financial market efficiency beyond the euro area. Sweden has expressed an interest in joining additional TARGET Services, while other non-euro area countries, such as Norway and Iceland, have also expressed an interest in joining TARGET Services with their respective national currencies. An added benefit of multi-currency infrastructures is the potential for safe and efficient cross-currency settlement. Danmarks Nationalbank, Sveriges Riksbank and the ECB are collaborating on the implementation of such cross-currency capabilities in TIPS.

Danmarks Nationalbank applied to join T2 and TIPS in 2020, and the currency participation agreement was signed in 2024. TARGET Services are developed and operated by the Eurosystem and provide safe and efficient financial market infrastructure services in central bank money, which supports financial integration and the capital markets union. Including branches and subsidiaries, more than 40,000 banks worldwide and all their customers can be reached via T2, which every six days processes a value close to the entire euro area GDP. TIPS settles instant retail payments at any time of day and on any day of the year.

For media queries, please contact Benoit Deeg tel.: +49 172 1683704.
MIL OSI Europe News –
April 23, 2025

MIL-OSI: Q1 2025 Trading Update and Invitation to Earnings Call

Source: GlobeNewswire (MIL-OSI)

Oslo, 23 April 2025 – DNO ASA, the Norwegian oil and gas operator, will publish its Q1 2025 operating and interim financial results on 15 May at 07:00 (CET). A videoconference call with executive management will follow at 14:00 (CET). Today the Company provides an update on production, sales volumes and other selected information for the quarter.

Volumes (boepd)

Gross operated production	Q1 2025	Q4 2024	Q1 2024
Kurdistan	82,081	74,163	76,310
North Sea	8,864	6,602	–

Net entitlement production	Q1 2025	Q4 2024	Q1 2024
Kurdistan	18,464	17,424	20,503
North Sea	19,296	19,031	14,217

Sales	Q1 2025	Q4 2024	Q1 2024
Kurdistan	18,464	17,424	20,503
North Sea	16,981	17,088	17,710

Equity accounted production (net)	Q1 2025	Q4 2024	Q1 2024
Côte d’Ivoire	3,375	2,994	3,323

Selected cash flow items

DNO’s share of crude oil from the Tawke license during the quarter has been sold to local buyers as the Iraq-Türkiye Pipeline remained closed. All payments are made in advance of loadings with the vast majority transferred directly into DNO’s international bank accounts.

In the first quarter, DNO paid a dividend of NOK 0.3125 per share (totaling USD 27.4 million), which represents NOK 1.25 per share on an annualized basis. The Company had no tax payments or refunds during the quarter.

In early March, DNO announced the transformative acquisition of Sval Energi Group AS and DNO subsequently paid a deposit of USD 22.5 million to the seller. The transaction is expected to be completed mid-year 2025.

Also in March, DNO completed the private placement of USD 600 million of new five-year senior unsecured bonds. The early redemption of another bond, DNO04 (originally maturing in 2026), was completed on 10 April and did not impact the Q1 2025 cash flow.

North Sea exploration

DNO participated in two discoveries on the Norwegian Continental Shelf in the quarter, with combined recoverable resources of 26 million barrels of oil equivalent net to DNO (mid-points of ranges). The Mistral well in PL1119 (10 percent interest) was spudded on 22 December and completed on 25 March, and the operated Kjøttkake well (including a sidetrack) in PL1182 S (40 percent interest) was spudded on 26 January and completed on 27 March. A third well, Horatio in PL1109 (20 percent interest), was spudded on 5 February, completed on 22 March, and was dry.

Earnings call login details

Please visit www.dno.no for login details ahead of the call.

Disclaimer

The information contained in this release is based on a preliminary assessment of the Company’s Q1 2025 operating and interim financial results and may be subject to change.

–

For further information, please contact:
Media: media@dno.no
Investors: investor.relations@dno.no

–

DNO ASA is a Norwegian oil and gas operator active in the Middle East, the North Sea and West Africa. Founded in 1971 and listed on the Oslo Stock Exchange, the Company holds stakes in onshore and offshore licenses at various stages of exploration, development and production in the Kurdistan region of Iraq, Norway, the United Kingdom, Côte d’Ivoire, Netherlands and Yemen. More information is available at www.dno.no

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

The MIL Network –

April 23, 2025

MIL-OSI: Baker Hughes Company Announces First-Quarter 2025 Results

Source: GlobeNewswire (MIL-OSI)

First-quarter highlights

Orders of $6.5 billion, including $3.2 billion of IET orders.
RPO of $33.2 billion, including record IET RPO of $30.4 billion.
Revenue of $6.4 billion, consistent year-over-year.
Attributable net income of $402 million.
GAAP diluted EPS of $0.40 and adjusted diluted EPS* of $0.51.
Adjusted EBITDA* of $1,037 million, up 10% year-over-year.
Cash flows from operating activities of $709 million and free cash flow* of $454 million.
Returns to shareholders of $417 million, including $188 million of share repurchases.

HOUSTON and LONDON, April 22, 2025 (GLOBE NEWSWIRE) — Baker Hughes Company (Nasdaq: BKR) (“Baker Hughes” or the “Company”) announced results today for the first quarter of 2025.

“Baker Hughes started the year strong, building on the positive momentum from 2024 and setting multiple first-quarter records. Our continued transformation initiatives and strong execution continue to drive structural margin improvement across both segments. The operational transformation and streamlining efforts have created a solid foundation to optimize margins and enhance returns, even in a challenging environment,” said Lorenzo Simonelli, Baker Hughes chairman and chief executive officer.

“In our IET segment, we booked $3.2 billion of orders, including our first data center awards, totaling more than 350 MW of power solutions for this rapidly evolving market. In addition to expanding opportunities for data centers, we have a strong pipeline of LNG, FPSO and gas infrastructure projects that support our order outlook for this year.”

“In OFSE, EBITDA remained resilient as our margins saw noticeable improvement compared to last year even while segment revenue fell. This is a testament to the team’s hard work in changing the way the business operates.”

“Although our outlook is tempered by broader macro and trade policy uncertainty, we remain confident in our strategy and the resilience of our portfolio. We believe Baker Hughes is well positioned to navigate near-term challenges and deliver sustainable growth in shareholder value.”

“I want to thank our employees, whose hard work, dedication and focus have been instrumental to the continued success of Baker Hughes. As we continue to execute our strategy amidst an uncertain macro backdrop, we remain committed to our customers, shareholders and employees,” concluded Simonelli.

* Non-GAAP measure. See reconciliations in the section titled “Reconciliation of GAAP to non-GAAP Financial Measures.”

	Three Months Ended						Variance
(in millions except per share amounts)	March 31, 2025		December 31, 2024		March 31, 2024		Sequential		Year-over- year
Orders	$	6,459	$	7,496	$	6,542	(14	%)	(1	%)
Revenue		6,427		7,364		6,418	(13	%)	—	%
Net income attributable to Baker Hughes		402		1,179		455	(66	%)	(12	%)
Adjusted net income attributable to Baker Hughes*		509		694		429	(27	%)	19	%
Adjusted EBITDA*		1,037		1,310		943	(21	%)	10	%
Diluted earnings per share (EPS)		0.40		1.18		0.45	(66	%)	(11	%)
Adjusted diluted EPS*		0.51		0.70		0.43	(27	%)	19	%
Cash flow from operating activities		709		1,189		784	(40	%)	(10	%)
Free cash flow*		454		894		502	(49	%)	(10	%)

* Non-GAAP measure. See reconciliations in the section titled “Reconciliation of GAAP to non-GAAP Financial Measures.”

Certain columns and rows in our tables and financial statements may not sum up due to the use of rounded numbers.

Quarter Highlights

Baker Hughes expanded its leadership position in liquefied natural gas (“LNG”) in the first quarter, including a liquefaction train award from Bechtel for a project in North America, where the Company will provide four main refrigerant compressors driven by LM6000+ gas turbines and four expander-compressors. This award builds on the previously announced December 2024 award and further demonstrates the strength of the Company’s collaboration with Bechtel to support North America LNG development.

During the quarter, Industrial & Energy Technology (“IET”) signed key strategic framework agreements with LNG operators. The Company agreed to provide gas turbines and refrigerant compressor technology, along with maintenance services, for Trains 4 to 8 of NextDecade’s Rio Grande LNG Facility. Baker Hughes also reached an agreement with Argent LNG to provide liquefaction and power solutions and related aftermarket services for its proposed 24 MTPA LNG export facility in Louisiana. The project will employ Baker Hughes’ NMBL™ modularized LNG solution, driven by the LM9000 gas turbine, while also utilizing the Company’s iCenter™ and Cordant™ digital solution, to enhance the plant’s operational efficiency.

Baker Hughes also demonstrated its continuous commitment to critical gas infrastructure projects with a strategic win in the North America pipeline compression market. The award includes the provision of two gas compression stations for a total of 10 Frame 5/2E gas turbines and 10 centrifugal compressors, anti-surge valves and critical spare parts.

In the first quarter, Baker Hughes made significant progress in reliable and sustainable power solutions deployment for data centers. In addition to being awarded over 350 MW of NovaLT™ turbines to power data centers with various other customers, the Company partnered with Frontier Infrastructure to accelerate the development of large-scale carbon capture and storage (“CCS”) and power solutions for data centers and industrial customers in the U.S. This partnership will leverage technologies and services across the Baker Hughes enterprise by providing CO₂ compression, NovaLT™ gas turbines, digital monitoring solutions, well construction and completion services.

In continued demonstration of Gas Technology’s lifecycle offerings in IET, the Company received several aftermarket service awards during the quarter. In Algeria, the Gas Technology Services (“GTS”) team is partnering with SONATRACH to deliver an upgrade solution for the modernization of a key compressor station. In the Middle East, Gas Technology received multiple equipment and services awards to support one of the world’s largest gas processing plants. The scope includes rejuvenation of two existing gas turbines to drive new compressors and the supply of a third compression train to support production expansion.

IET’s Industrial Solutions gained momentum with its Cordant™ Asset Performance Management (“APM”) solution, securing several contracts with customers across multiple regions. ADNOC Offshore will deploy the full APM suite to enhance production availability and efficiency. In the Americas, a large international oil company will conduct a proof of concept across multiple equipment trains, to support a shift from proactive to predictive maintenance. In Australia, the Company signed agreements to develop asset maintenance strategies for new mine sites supporting truck fleet maintenance.

Oilfield Services & Equipment (“OFSE”) received a significant award from ExxonMobil Guyana to provide specialty chemicals and related services for its Uaru and Whiptail offshore greenfield developments in the country’s prolific Stabroek Block, highlighting the differentiated capabilities of our Production Solutions offering. For this multi-year contract, the scope will cover topsides, subsea, water injection and utility chemicals to help ExxonMobil Guyana achieve optimal production.

OFSE continues to leverage the Company’s innovative solutions to help Petrobras unlock Brazil’s vast energy supply. In the quarter and following an open tender, Baker Hughes received a significant, multi-year fully integrated completions systems contract from Petrobras across multiple deepwater fields. A range of Baker Hughes’ technologies, including the new SureCONTROL^TM Premium interval control valve, has been specifically tailored to meet the needs of the country’s offshore developments.

OFSE secured a multi-year contract with Dubai Petroleum Establishment, for and on behalf of Dubai Supply Authority, to provide integrated coiled-tubing drilling services for the Company’s Margham Gas storage project. This follows a third-quarter 2024 IET award for integrated compressor line units for the same project, demonstrating growing commercial synergies across Baker Hughes’ diverse portfolio.

The Company drove growth in Mature Assets Solutions, signing a multi-year framework agreement with Equinor to help establish a new Center of Excellence for Plug & Abandonment work in the North Sea. Based within OFSE’s operations in Bergen and Stavanger, Norway, this hub will ensure economical, reliable solutions are implemented to responsibly abandon each well, allowing Equinor to maximize value of their assets and allocate more resources to exploration and discovery.

On the digital front, OFSE received an award from the State Oil Company of Azerbaijan Republic (“SOCAR”) to expand deployment of Leucipa™ automated field production solution for all its wells, including those with non-Baker Hughes electric submersible pumps, in the Absheron and Gunseli fields. Leucipa also marked its first deployment in Sub-Saharan Africa through an agreement with the NNPC/FIRST E&P joint venture, which will utilize the platform across its offshore wells in the Niger Delta.

Consolidated Financial Results

Revenue for the quarter was $6,427 million, a decrease of 13% sequentially and up $9 million year-over-year. The increase in revenue year-over-year was driven by an increase in IET and partially offset by a decrease in OFSE.

The Company’s total book-to-bill ratio in the first quarter of 2025 was 1.0; the IET book-to-bill ratio was 1.1.

Net income as determined in accordance with accounting principles generally accepted in the United States of America (“GAAP”), for the first quarter of 2025 was $402 million. Net income decreased $777 million sequentially and decreased $53 million year-over-year.

Adjusted net income (a non-GAAP financial measure) for the first quarter of 2025 was $509 million, which excludes adjustments totaling $108 million. A list of the adjusting items and associated reconciliation from GAAP has been provided in Table 1b in the section titled “Reconciliation of GAAP to non-GAAP Financial Measures.” Adjusted net income for the first quarter of 2025 was down 27% sequentially and up 19% year-over-year.

Depreciation and amortization for the first quarter of 2025 was $285 million.

Adjusted EBITDA (a non-GAAP financial measure) for the first quarter of 2025 was $1,037 million, which excludes adjustments totaling $140 million. See Table 1a in the section titled “Reconciliation of GAAP to non-GAAP Financial Measures.” Adjusted EBITDA for the first quarter was down 21% sequentially and up 10% year-over-year.

The sequential decrease in adjusted net income and adjusted EBITDA was primarily driven by lower volume in both segments, partially offset by productivity and structural cost-out initiatives. The year-over-year increase in adjusted net income and adjusted EBITDA was driven by increased volume in IET including higher proportionate growth in Gas Technology Equipment (“GTE”) and productivity, structural cost-out initiatives and higher pricing in both segments, partially offset by decreased volume and business mix in OFSE and cost inflation in both segments.

Other Financial Items

Remaining Performance Obligations (“RPO”) in the first quarter of 2025 ended at $33.2 billion, a decrease of $0.1 billion from the fourth quarter of 2024. OFSE RPO was $2.8 billion, down 7% sequentially, while IET RPO was $30.4 billion, up $300 million sequentially. Within IET RPO, GTE RPO was $11.9 billion and GTS RPO was $15.1 billion.

Income tax expense in the first quarter of 2025 was $152 million.

Other (income) expense, net in the first quarter of 2025 was $140 million, primarily related to changes in fair value for equity securities of $140 million.

GAAP diluted earnings per share was $0.40. Adjusted diluted earnings per share (a non-GAAP financial measure) was $0.51. Excluded from adjusted diluted earnings per share were all items listed in Table 1b in the section titled “Reconciliation of GAAP to non-GAAP Financial Measures.”

Cash flow from operating activities was $709 million for the first quarter of 2025. Free cash flow (a non-GAAP financial measure) for the quarter was $454 million. A reconciliation from GAAP has been provided in Table 1c in the section titled “Reconciliation of GAAP to non-GAAP Financial Measures.”

Capital expenditures, net of proceeds from disposal of assets, were $255 million for the first quarter of 2025, of which $158 million was for OFSE and $83 million was for IET.

Results by Reporting Segment

The following segment discussions and variance explanations are intended to reflect management’s view of the relevant comparisons of financial results on a sequential or year-over-year basis, depending on the business dynamics of the reporting segments.

Oilfield Services & Equipment

(in millions)	Three Months Ended									Variance
Segment results	March 31, 2025			December 31, 2024			March 31, 2024			Sequential		Year-over- year
Orders	$	3,281		$	3,740		$	3,624		(12	%)	(9	%)
Revenue	$	3,499		$	3,871		$	3,783		(10	%)	(8	%)
EBITDA	$	623		$	755		$	644		(18	%)	(3	%)
EBITDA margin		17.8	%		19.5	%		17.0	%	-1.7pts		0.8pts

(in millions)	Three Months Ended						Variance
Revenue by Product Line	March 31, 2025		December 31, 2024		March 31, 2024		Sequential		Year-over- year
Well Construction	$	892	$	943	$	1,061	(5	%)	(16	%)
Completions, Intervention, and Measurements		925		1,022		1,006	(9	%)	(8	%)
Production Solutions		899		974		945	(8	%)	(5	%)
Subsea & Surface Pressure Systems		782		932		771	(16	%)	1	%
Total Revenue	$	3,499	$	3,871	$	3,783	(10	%)	(8	%)

(in millions)	Three Months Ended						Variance
Revenue by Geographic Region	March 31, 2025		December 31, 2024		March 31, 2024		Sequential		Year-over- year
North America	$	922	$	971	$	990	(5	%)	(7	%)
Latin America		568		661		637	(14	%)	(11	%)
Europe/CIS/Sub-Saharan Africa		580		740		750	(22	%)	(23	%)
Middle East/Asia		1,429		1,499		1,405	(5	%)	2	%
Total Revenue	$	3,499	$	3,871	$	3,783	(10	%)	(8	%)

North America	$	922	$	971	$	990	(5	%)	(7	%)
International	$	2,577	$	2,900	$	2,793	(11	%)	(8	%)

EBITDA excludes depreciation and amortization of $226 million, $229 million, and $222 million for the three months ended March 31, 2025, December 31, 2024, and March 31, 2024, respectively. EBITDA margin is defined as EBITDA divided by revenue.

OFSE orders of $3,281 million for the first quarter of 2025 decreased by 12% sequentially. Subsea and Surface Pressure Systems orders were $532 million, down 34% sequentially, and down 16% year-over-year.

OFSE revenue of $3,499 million for the first quarter of 2025 was down 10% sequentially, and down 8% year-over-year.

North America revenue was $922 million, down 5% sequentially. International revenue was $2,577 million, down 11% sequentially, with declines across all regions.

Segment EBITDA for the first quarter of 2025 was $623 million, a decrease of $132 million, or 18% sequentially. The sequential decrease in EBITDA was primarily driven by lower volume, partially mitigated by productivity from structural cost-out initiatives.

Industrial & Energy Technology

(in millions)	Three Months Ended									Variance
Segment results	March 31, 2025			December 31, 2024			March 31, 2024			Sequential		Year-over- year
Orders	$	3,178		$	3,756		$	2,918		(15	%)	9	%
Revenue	$	2,928		$	3,492		$	2,634		(16	%)	11	%
EBITDA	$	501		$	639		$	386		(22	%)	30	%
EBITDA margin		17.1	%		18.3	%		14.7	%	-1.2pts		2.4pts

(in millions)	Three Months Ended						Variance
Orders by Product Line	March 31, 2025		December 31, 2024		March 31, 2024		Sequential		Year-over- year
Gas Technology Equipment	$	1,335	$	1,865	$	1,230	(28	%)	9	%
Gas Technology Services		913		902		692	1	%	32	%
Total Gas Technology		2,248		2,767		1,922	(19	%)	17	%
Industrial Products		501		515		546	(3	%)	(8	%)
Industrial Solutions		281		320		257	(12	%)	10	%
Total Industrial Technology		782		835		803	(6	%)	(3	%)
Climate Technology Solutions		148		154		193	(4	%)	(23	%)
Total Orders	$	3,178	$	3,756	$	2,918	(15	%)	9	%

(in millions)	Three Months Ended						Variance
Revenue by Product Line	March 31, 2025		December 31, 2024		March 31, 2024		Sequential		Year-over- year
Gas Technology Equipment	$	1,456	$	1,663	$	1,210	(12	%)	20	%
Gas Technology Services		592		796		614	(26	%)	(4	%)
Total Gas Technology		2,047		2,459		1,824	(17	%)	12	%
Industrial Products		445		548		462	(19	%)	(4	%)
Industrial Solutions		258		282		265	(8	%)	(2	%)
Total Industrial Technology		703		830		727	(15	%)	(3	%)
Climate Technology Solutions		178		204		83	(13	%)	114	%
Total Revenue	$	2,928	$	3,492	$	2,634	(16	%)	11	%

EBITDA excludes depreciation and amortization of $53 million, $56 million, and $56 million for the three months ended March 31, 2025, December 31, 2024, and March 31, 2024, respectively. EBITDA margin is defined as EBITDA divided by revenue.

IET orders of $3,178 million for the first quarter of 2025 increased by $260 million, or 9% year-over-year. The increase was driven primarily by Gas Technology, up $326 million or 17% year-over-year.

IET revenue of $2,928 million for the first quarter of 2025 increased $294 million, or 11% year-over-year. The increase was driven by Gas Technology Equipment, up $246 million or 20% year-over-year, and Climate Technology Solutions, up $95 million or 114% year-over-year.

Segment EBITDA for the quarter was $501 million, an increase of $114 million, or 30% year-over-year. The year-over-year increase in segment EBITDA was driven by productivity, positive pricing and increased volume including higher proportionate growth in GTE, partially offset by cost inflation.

Reconciliation of GAAP to non-GAAP Financial Measures

Management provides non-GAAP financial measures because it believes such measures are widely accepted financial indicators used by investors and analysts to analyze and compare companies on the basis of operating performance (including adjusted EBITDA; adjusted net income attributable to Baker Hughes; and adjusted diluted earnings per share) and liquidity (free cash flow) and that these measures may be used by investors to make informed investment decisions. Management believes that the exclusion of certain identified items from several key operating performance measures enables us to evaluate our operations more effectively, to identify underlying trends in the business, and to establish operational goals for certain management compensation purposes. Management also believes that free cash flow is an important supplemental measure of our cash performance but should not be considered as a measure of residual cash flow available for discretionary purposes, or as an alternative to cash flow from operating activities presented in accordance with GAAP.

Table 1a. Reconciliation of Net Income Attributable to Baker Hughes to Adjusted EBITDA and Segment EBITDA

	Three Months Ended
(in millions)	March 31, 2025		December 31, 2024			March 31, 2024
Net income attributable to Baker Hughes (GAAP)	$	402	$	1,179		$	455
Net income attributable to noncontrolling interests		7		11			8
Provision (benefit) for income taxes		152		(398	)		178
Interest expense, net		51		54			41
Depreciation & amortization		285		291			283
Restructuring		—		258			—
Inventory impairment⁽¹⁾		—		73			—
Change in fair value of equity securities⁽²⁾		140		(196	)		(52	)
Other charges and credits⁽²⁾		—		38			30
Adjusted EBITDA (non-GAAP)		1,037		1,310			943
Corporate costs		85		84			88
Other income / (expense) not allocated to segments		1		—			—
Total Segment EBITDA (non-GAAP)	$	1,124	$	1,394		$	1,030
OFSE		623		755			644
IET		501		639			386

⁽¹⁾ Charges for inventory impairments are reported in “Cost of goods sold” in the condensed consolidated statements of income (loss).

⁽²⁾ Change in fair value of equity securities and other charges and credits are reported in “Other (income) expense, net” on the condensed consolidated statements of income (loss).

Table 1a reconciles net income attributable to Baker Hughes, which is the directly comparable financial result determined in accordance with GAAP, to adjusted EBITDA and Segment EBITDA. Adjusted EBITDA and Segment EBITDA exclude the impact of certain identified items.

Table 1b. Reconciliation of Net Income Attributable to Baker Hughes to Adjusted Net Income Attributable to Baker Hughes

	Three Months Ended
(in millions, except per share amounts)	March 31, 2025			December 31, 2024			March 31, 2024
Net income attributable to Baker Hughes (GAAP)	$	402		$	1,179		$	455
Restructuring		—			258			—
Inventory impairment		—			73			—
Change in fair value of equity securities		140			(196	)		(52	)
Other adjustments		—			30			32
Tax adjustments⁽¹⁾		(32	)		(650	)		(6	)
Total adjustments, net of income tax		108			(485	)		(26	)
Less: adjustments attributable to noncontrolling interests		—			—			—
Adjustments attributable to Baker Hughes		108			(485	)		(26	)
Adjusted net income attributable to Baker Hughes (non-GAAP)	$	509		$	694		$	429

Denominator:
Weighted-average shares of Class A common stock outstanding diluted		999			999			1,004
Adjusted earnings per share – diluted (non-GAAP)	$	0.51		$	0.70		$	0.43

⁽¹⁾All periods reflect the tax associated with the other (income) loss adjustments.

Table 1b reconciles net income attributable to Baker Hughes, which is the directly comparable financial result determined in accordance with GAAP, to adjusted net income attributable to Baker Hughes. Adjusted net income attributable to Baker Hughes excludes the impact of certain identified items.

Table 1c. Reconciliation of Net Cash Flows From Operating Activities to Free Cash Flow

	Three Months Ended
(in millions)	March 31, 2025			December 31, 2024			March 31, 2024
Net cash flows from operating activities (GAAP)	$	709		$	1,189		$	784
Add: cash used for capital expenditures, net of proceeds from disposal of assets		(255	)		(295	)		(282	)
Free cash flow (non-GAAP)	$	454		$	894		$	502

Table 1c reconciles net cash flows from operating activities, which is the directly comparable financial result determined in accordance with GAAP, to free cash flow. Free cash flow is defined as net cash flows from operating activities less expenditures for capital assets plus proceeds from disposal of assets.


Financial Tables (GAAP)

Condensed Consolidated Statements of Income (Loss)

(Unaudited)

	Three Months Ended March 31,
(In millions, except per share amounts)		2025			2024
Revenue	$	6,427		$	6,418
Costs and expenses:
Cost of revenue		4,952			4,976
Selling, general and administrative		577			618
Research and development costs		146			164
Other (income) expense, net		140			(22	)
Interest expense, net		51			41
Income before income taxes		561			641
Provision for income taxes		(152	)		(178	)
Net income		409			463
Less: Net income attributable to noncontrolling interests		7			8
Net income attributable to Baker Hughes Company	$	402		$	455

Per share amounts:
Basic income per Class A common stock	$	0.41		$	0.46
Diluted income per Class A common stock	$	0.40		$	0.45

Weighted average shares:
Class A basic		992			998
Class A diluted		999			1,004

Cash dividend per Class A common stock	$	0.23		$	0.21

Condensed Consolidated Statements of Financial Position

(Unaudited)

(In millions)	March 31, 2025		December 31, 2024
ASSETS
Current Assets:
Cash and cash equivalents	$	3,277	$	3,364
Current receivables, net		6,710		7,122
Inventories, net		5,161		4,954
All other current assets		1,693		1,771
Total current assets		16,841		17,211
Property, plant and equipment, less accumulated depreciation		5,168		5,127
Goodwill		6,126		6,078
Other intangible assets, net		3,927		3,951
Contract and other deferred assets		1,680		1,730
All other assets		4,368		4,266
Total assets	$	38,110	$	38,363
LIABILITIES AND EQUITY
Current Liabilities:
Accounts payable	$	4,465	$	4,542
Short-term debt		55		53
Progress collections and deferred income		5,589		5,672
All other current liabilities		2,485		2,724
Total current liabilities		12,594		12,991
Long-term debt		5,969		5,970
Liabilities for pensions and other postretirement benefits		985		988
All other liabilities		1,356		1,359
Equity		17,206		17,055
Total liabilities and equity	$	38,110	$	38,363

Outstanding Baker Hughes Company shares:
Class A common stock		990		990

Condensed Consolidated Statements of Cash Flows

(Unaudited)
	Three Months Ended March 31,
(In millions)		2025			2024
Cash flows from operating activities:
Net income	$	409		$	463
Adjustments to reconcile net income to net cash flows from operating activities:
Depreciation and amortization		285			283
Stock-based compensation cost		50			51
Change in fair value of equity securities		140			(52	)
Benefit for deferred income taxes		(53	)		(24	)
Working capital		218			209
Other operating items, net		(340	)		(146	)
Net cash flows provided by operating activities		709			784
Cash flows from investing activities:
Expenditures for capital assets		(300	)		(333	)
Proceeds from disposal of assets		45			51
Other investing items, net		(55	)		13
Net cash flows used in investing activities		(310	)		(269	)
Cash flows from financing activities:
Dividends paid		(229	)		(210	)
Repurchase of Class A common stock		(188	)		(158	)
Other financing items, net		(85	)		(59	)
Net cash flows used in financing activities		(502	)		(427	)
Effect of currency exchange rate changes on cash and cash equivalents		16			(17	)
Increase (decrease) in cash and cash equivalents		(87	)		71
Cash and cash equivalents, beginning of period		3,364			2,646
Cash and cash equivalents, end of period	$	3,277		$	2,717
Supplemental cash flows disclosures:
Income taxes paid, net of refunds	$	207		$	108
Interest paid	$	50		$	48

Supplemental Financial Information

Supplemental financial information can be found on the Company’s website at: investors.bakerhughes.com in the Financial Information section under Quarterly Results.

Conference Call and Webcast

The Company has scheduled an investor conference call to discuss management’s outlook and the results reported in today’s earnings announcement. The call will begin at 9:30 a.m. Eastern time, 8:30 a.m. Central time on Wednesday, April 23, 2025, the content of which is not part of this earnings release. The conference call will be broadcast live via a webcast and can be accessed by visiting the Events and Presentations page on the Company’s website at: investors.bakerhughes.com. An archived version of the webcast will be available on the website for one month following the webcast.

Forward-Looking Statements

This news release (and oral statements made regarding the subjects of this 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, (each a “forward-looking statement”). Forward-looking statements concern future circumstances and results and other statements that are not historical facts and are sometimes identified by the words “may,” “will,” “should,” “potential,” “intend,” “expect,” “would,” “seek,” “anticipate,” “estimate,” “overestimate,” “underestimate,” “believe,” “could,” “project,” “predict,” “continue,” “target,” “goal” or other similar words or expressions. There are many risks and uncertainties that could cause actual results to differ materially from our forward-looking statements. These forward-looking statements are also affected by the risk factors described in the Company’s annual report on Form 10-K for the annual period ended December 31, 2024 and those set forth from time to time in other filings with the Securities and Exchange Commission (“SEC”). The documents are available through the Company’s website at: www.investors.bakerhughes.com or through the SEC’s Electronic Data Gathering and Analysis Retrieval system at: www.sec.gov. We undertake no obligation to publicly update or revise any forward-looking statement, except as required by law. Readers are cautioned not to place undue reliance on any of these forward-looking statements.

Our expectations regarding our business outlook and business plans; the business plans of our customers; oil and natural gas market conditions; cost and availability of resources; economic, legal and regulatory conditions, and other matters are only our forecasts regarding these matters.

These forward-looking statements, including forecasts, may be substantially different from actual results, which are affected by many risks, along with the following risk factors and the timing of any of these risk factors:

Economic and political conditions – the impact of worldwide economic conditions and rising inflation; the impact of tariffs and the potential for significant increases thereto; the impact of global trade policy and the potential for significant changes thereto; the effect that declines in credit availability may have on worldwide economic growth and demand for hydrocarbons; foreign currency exchange fluctuations and changes in the capital markets in locations where we operate; and the impact of government disruptions and sanctions.
Orders and RPO – our ability to execute on orders and RPO in accordance with agreed specifications, terms and conditions and convert those orders and RPO to revenue and cash.
Oil and gas market conditions – the level of petroleum industry exploration, development and production expenditures; the price of, volatility in pricing of, and the demand for crude oil and natural gas; drilling activity; drilling permits for and regulation of the shelf and the deepwater drilling; excess productive capacity; crude and product inventories; liquefied natural gas supply and demand; seasonal and other adverse weather conditions that affect the demand for energy; severe weather conditions, such as tornadoes and hurricanes, that affect exploration and production activities; Organization of Petroleum Exporting Countries (“OPEC”) policy and the adherence by OPEC nations to their OPEC production quotas.
Terrorism and geopolitical risks – war, military action, terrorist activities or extended periods of international conflict, particularly involving any petroleum-producing or consuming regions, including Russia and Ukraine; and the recent conflict in the Middle East; labor disruptions, civil unrest or security conditions where we operate; potentially burdensome taxation, expropriation of assets by governmental action; cybersecurity risks and cyber incidents or attacks; epidemic outbreaks.

About Baker Hughes:

Baker Hughes (Nasdaq: BKR) is an energy technology company that provides solutions to energy and industrial customers worldwide. Built on a century of experience and conducting business in over 120 countries, our innovative technologies and services are taking energy forward – making it safer, cleaner and more efficient for people and the planet. Visit us at bakerhughes.com.

For more information, please contact:

Investor Relations

Chase Mulvehill
+1 346-297-2561
investor.relations@bakerhughes.com

Media Relations

Adrienne Lynch
+1 713-906-8407
adrienne.lynch@bakerhughes.com

The MIL Network –

April 23, 2025

MIL-Evening Report: These 3 climate misinformation campaigns are operating during the election run-up. Here’s how to spot them
Source: The Conversation (Au and NZ) – By Alfie Chadwick, PhD Candidate, Monash Climate Change Communication Research Hub, Monash University

Australia’s climate and energy wars are at the forefront of the federal election campaign as the major parties outline vastly different plans to reduce greenhouse gas emissions and tackle soaring power prices.

Meanwhile, misinformation about climate change has permeated public debate during the campaign, feeding false and misleading claims about renewable energy, gas and global warming.

This is a dangerous situation. In Australia and globally, rampant misinformation has for decades slowed climate action – creating doubt, hindering decision-making and undermining public support for solutions.

Here, we explain the history of climate misinformation in Australia and identify three prominent campaigns operating now. We also outline how Australians can protect themselves from misinformation as they head to the polls.

Misinformation vs disinformation

Misinformation is defined as false information spread unintentionally. It is distinct from disinformation, which is deliberately created to mislead.

However, proving intent to mislead can be challenging. So, the term misinformation is often used as a general term to describe misleading content, while the term disinformation is reserved for cases where intent is proven.

Disinformation is typically part of a coordinated
campaign to influence public opinion. Such campaigns can be run by corporate interests, political groups, lobbying organisations or individuals.

Once released, these false narratives may be picked up by others, who pass them on and create misinformation.

Climate change misinformation in Australia

In the 1980s and 1990s, Australia’s emissions-reduction targets were among the most ambitious in the world.

At the time, about 60 companies were responsible for one-third of Australia’s greenhouse gas emissions. The government’s plan included measures to ensure these companies remained competitive while reducing their climate impact.

Despite this, Australia’s resource industry began a concerted media campaign to oppose any binding emissions-reduction actions, claiming it would ruin the economy by making Australian businesses uncompetitive.

This narrative persisted even when modelling repeatedly showed climate policies would have minimal economic impacts. The industry arguments eventually found their way into government policy.

Momentum against climate action was also fuelled by a vocal group of climate change-denying individuals and organisations, often backed by multinational fossil fuel companies. These deniers variously claimed climate change wasn’t happening, it was caused by natural cycles, or wasn’t that a serious threat.

These narratives were further exacerbated by false balance in media coverage, whereby news outlets, in an effort to appear neutral, often placed climate scientists alongside contrarians, giving the impression that the science was still unclear.

Together, this created an environment in Australia where climate action was seen as either too economically damaging or simply unnecessary.

What’s happening in the federal election campaign?

Climate misinformation has been circulating in the following forms during this federal election campaign.

1. Trumpet of Patriots

Clive Palmer’s Trumpet of Patriots party ran an advertisement that claimed to expose “ the truth about climate change”. It featured a clip from a 2004 documentary, in which a scientist discusses data suggesting temperatures in Greenland were not rising. The scientist in the clip has since said his comments are now outdated.

The type of misinformation is cherry-picking – presenting one scientific measurement at odds with the overwhelming scientific consensus.

Google removed the ad after it was flagged as misleading, but only after it received 1.9 million views.

2. Responsible Future Illawarra

The Responsible Future campaign opposes wind turbines on various grounds, including cost, foreign ownership, power prices, effects on views and fishing, and potential ecological damage.

Scientific evidence indicates offshore wind farms are relatively safe for marine life and cause less harm than boats and fishing gear. Some studies also suggest the infrastructure can create new habitat for marine life.

However, a general lack of research into offshore wind and marine life has created uncertainty that groups such as Responsible Future Illawarra can exploit.

It has cited statements by Sea Shepherd Australia to argue offshore wind farms damage marine life – however Sea Shepherd said its comments were misrepresented.

The group also appears to have deliberately spread disinformation. This includes citing a purported research paper saying offshore wind turbines would kill up to 400 whales per year, when the paper does not exist.

3. Australians for Natural Gas

Australians for Natural Gas is a pro-gas group set up by the head of a gas company, which presents itself as a grassroots organisation. Its advertising campaign promotes natural gas as a necessary part of Australia’s fuel mix, and stresses its contribution to jobs and the economy.

The ad campaign implicitly suggests climate action – in this case, a shift to renewable energy – is harmful to the economy, livelihoods and energy security. According to Meta’s Ad Library, these adds have already been seen more than 1.1 million times.

Gas is needed in Australia’s current energy mix. But analysis shows it could be phased out almost entirely if renewable energy and storage was sufficiently increased and business and home electrification continues to rise.

And of course, failing to tackle climate change will cause substantial harm across Australia’s economy.

How to identify misinformation

As the federal election approaches, climate misinformation and disinformation is likely to proliferate further. So how do we distinguish fact from fiction?

One way is through “pre-bunking” – familiarising yourself with common claims made by climate change deniers to fortify yourself against misinformation

Sources such as Skeptical Science offer in-depth analyses of specific claims.

The SIFT method is another valuable tool. It comprises four steps:
- Stop
- Investigate the source
- Find better coverage
- Trace claims, quotes and media to their original sources.
As the threat of climate change grows, a flow of accurate information is vital to garnering public and political support for vital policy change.

Alfie Chadwick is a recipient of an Australian Government Research Training Program (RTP) Scholarship.

Libby Lester receives funding from the Australian Research Council.

– ref. These 3 climate misinformation campaigns are operating during the election run-up. Here’s how to spot them – https://theconversation.com/these-3-climate-misinformation-campaigns-are-operating-during-the-election-run-up-heres-how-to-spot-them-253441
MIL OSI Analysis – EveningReport.nz –
April 23, 2025
MIL-OSI Video: Pope Francis, Mother Earth Day & other topics – Daily Press Briefing (22 April 2025)

Source: United Nations (Video News)

Noon Briefing by Stéphane Dujarric, Spokesperson for the Secretary-General.

Highlights:
Pope Francis
Mother Earth Day
Senior Personnel Appointment
Occupied Palestinian Territory
Haiti
Colombia
Bolivia
Ukraine
Good Defeats Evil

POPE
The Secretary-General intends to travel to Rome to attend the funeral of Pope Francis. When we have more details we will share them.

MOTHER EARTH DAY
Today is International Mother Earth Day. In his message, the Secretary-General said Mother Earth is running a fever with last year being the hottest ever on record.
We know what’s causing this sickness, he said, referring to the greenhouse gas emissions humanity is pumping into the atmosphere, but we also know the cure. All countries must create new climate action plans that align with limiting global temperature rise to 1.5 degrees Celsius – it is essential to avoid the worst of climate catastrophe, he said.
And as a reminder, tomorrow the Secretary-General, together with President Lula of Brazil, will convene a group of Heads of State and Government for a virtual closed-door meeting to discuss strengthening global efforts to tackle the climate crisis and accelerate a just energy transition. The Secretary-General is expected to deliver some remarks on climate to you at the Security Council stakeout after the meeting. We’ll share more details as we have them.
And what better way to celebrate Mother Earth Day than with a fashion show. We are unveiling a new tour guide uniform collection this evening at 6:15 p.m. during a fashion show in the Sputnik area of the Visitor’s Lobby. This is a collaboration between the Government of Sweden, the UN Office for Partnerships, the UN Department of Global Communications, and students from the Swedish School of Textiles at the University of Borås. This partnership reflects a shared commitment to sustainable lifestyle, fashion and innovation. Designed with natural fibers, renewable materials, and low-impact production methods, the uniforms embody a fusion of creativity, inclusivity, and environmental responsibility. We look forward to seeing our tour guides in their new uniforms, they have the toughest job in the building.

SENIOR PERSONNEL APPOINTMENT
The Secretary-General is appointing of Ian Martin of the United Kingdom as Head of the Strategic Assessment, as part of his UN80 initiative, of the United Nations Relief and Works Agency for Palestine Refugees, that you all know as UNRWA.
The Secretary-General is tasking Mr. Martin with conducting the Strategic Assessment in order to review UNRWA’s impact; implementation of its mandate under present political, financial, security and other constraints; and, consequences and risks for Palestine Refugees.
As you all know, Ian Martin has had a distinguished service within the United Nations. He was involved in a number of strategic reviews, most recently as the Lead of the Independent Strategic Review of the UN Mission in Somalia and before then as a member of the
High-Level Independent Panel on Peace Operations. We will share that announcement with you.

OCCUPIED PALESTINIAN TERRITORY
Meanwhile on the ground in Gaza, the situation continues to worsen. Our humanitarian colleagues report that hostilities across the Gaza Strip are continuing, with a devastating toll on civilians and critical infrastructure. Earlier today, local authorities reported attacks by Israeli forces that struck several heavy machinery vehicles across Gaza, halting solid waste and rubble removal services.
Despite the ongoing hostilities and despite the fact that aid has not come in for more than 50 days, we and our partners are doing what we can to support people throughout the Strip. In Gaza City yesterday, the acting Humanitarian Coordinator for the Occupied Palestinian Territory, Suzanna Tkalec, led a mission to Al Shifa Hospital, where she and partners viewed work underway to install a desalination plant to serve dialysis patients at the facility.
Our partners also report that several people suffering from severe acute malnutrition have been admitted to hospitals for treatment this week, with cases on the rise.
Despite extremely low supplies, some 180 community kitchens in Gaza continue to operate every day. However, many of these kitchens are at imminent risk of shutting down since stocks are being depleted. Because of lack of cooking gas, families are resorting to burning plastic to cook their meals.

Full highlights: https://www.un.org/sg/en/content/noon-briefing-highlight?date%5Bvalue%5D%5Bdate%5D=22%20April%202025

https://www.youtube.com/watch?v=el5ekOhkhYk

MIL OSI Video –

April 23, 2025
MIL-OSI Europe: Answer to a written question – Arctic-boreal zone emissions – E-000644/2025(ASW)
Source: European Parliament
1. The Commission supports Member States and third countries including through grants under the Union Civil Protection Mechanism (UCPM)[1]. Beneficiaries from Nordic countries are involved in wildfire-related projects to enhance cross-border cooperation, promote resilience, and enhance research and readiness for extreme wildfires. F irefighting preparedness is being reinforced since 2019 with an aircraft of the rescEU fleet positioned in Sweden. The Commission also supports institutional capacity building through the UCPM peer review programme[2] and the Commission’s Expert Group on Forest Fires[3], which facilitates the exchange of good practices among the fire management services of European countries.

2. The EU has invested EUR 372 million in 139 Horizon 2020 and Horizon Europe[4] research projects covering the Arctic region. In line with the EU Arctic policy, research on permafrost thawing and informing climate mitigation strategies will continue in Horizon Europe. As of January 2025, the European Polar Coordination Office (EPCO) provides expert input to inform decisions on polar priorities and challenges. In 2024, a Commission Task Force issued a report on polar observations[5], including recommendations for permafrost and methane emissions monitoring.

3. The EU’s Arctic Policy[6] and EU Green Alliances with Norway and Canada underline the EU’s fundamental interest in supporting multilateral Arctic cooperation. The EU promotes strong cooperation to address climate issues in the Arctic and boreal context and regularly engages with the Arctic Council and funds its research activities. It contributes to climate efforts in multilateral fora such as the International Maritime Organisation and the United Nation’s Climate Change Conferences.

[1] https://civil-protection-humanitarian-aid.ec.europa.eu/what/civil-protection/eu-civil-protection-mechanism_en

[2] https://civil-protection-knowledge-network.europa.eu/disaster-prevention-and-risk-management/ucpm-peer-review-programme

[3] https://ec.europa.eu/transparency/expert-groups-register/screen/expert-groups/consult?lang=en&do=groupDetail.groupDetail&groupID=416

[4] https://research-and-innovation.ec.europa.eu/funding/funding-opportunities/funding-programmes-and-open-calls/horizon-europe_en

[5] https://joint-research-centre.ec.europa.eu/jrc-news-and-updates/copernicus-polar-roadmap-eu-satellite-observations-help-respond-emerging-polar-challenges-2024-09-03_en?prefLang=bg

[6] JOIN (2021)27 final.
Last updated: 22 April 2025
MIL OSI Europe News –
April 23, 2025
MIL-OSI Global: Trump’s Greenland plan glosses over a history of segregation and discrimination for Indigenous Alaskans

Source: The Conversation – UK – By Andrew Gawthorpe, Lecturer in History and International Studies, Leiden University

Donald Trump has wanted America to annex Greenland for a long time. He now has a concrete plan to do it. As reported by the New York Times, the president’s National Security Council has instructed several government departments to get to work on acquiring the island.

Trump has made it clear that the use of military force remains on the table. But, at least for now, it seems the plan will rely mostly on persuasion.

The first component is a coordinated advertising and social media campaign aimed at convincing Greenlanders that their future lies under the stars and stripes. The administration plans to tell the island’s residents that they will be more prosperous and more secure as part of the US.

Driving that message home will be an uphill struggle. A poll in January 2025 found that 85% of Greenlanders oppose the idea of being annexed by the US. A parliamentary election in March also showed little support for it. The best-performing party was the pro-business Demokraatit, which wants to slow walk changes to Greenland’s international status.

To overcome this resistance, the Trump administration is reportedly planning to appeal to shared ethnic and cultural ties between Inuit Greenlanders, who make up about 88% of the island’s population, and Indigenous peoples in the US state of Alaska. Greenlanders are likely to question that approach for a number of reasons.

These ties are not completely imaginary. Greenland Inuit are descended from the Thule people, who migrated from Alaska around 1,000 years ago. There are similarities between the languages of Alaskan and Greenland Inuit.

But these people have been separated by 2,000 miles for centuries, and in the interim have been shaped by their divergent histories. Though their languages are similar, they are generally not mutually intelligible.

One of the main factors separating Alaskan and Greenland Inuit is their separate colonial histories. Greenland was colonised by Denmark, and Alaska by the US. The details of this colonial history are likely to give Greenlanders pause.

Alaska became a US state in 1959. Before then, it was a territory – a colonial holding similar to Puerto Rico or Guam today. During its time as a territory, the US government and white settlers treated Alaska’s Indigenous people with a mixture of disinterest and malice.

Until discrimination was outlawed by a state law in 1945, Indigenous Alaskans lived in a system of segregation and limited rights similar to the “Jim Crow” policies of the southern US. Indigenous Alaskans, like African Americans in the southern states, were not guaranteed the right to vote, and “whites only” signs were commonplace in businesses.

During the second world war, the US government feared a Japanese attack on the Aleutian islands, which form part of Alaska. As a result, it forcibly evacuated the Indigenous population, burning their villages to prevent invading Japanese troops from using them as housing. Evacuees were forced to live in unsanitary camps on the mainland for years, where more than one in ten died.

The US government justified this as a geopolitical necessity. But given that great power politics is also behind its drive to control Greenland, the island’s residents should question whether their rights will be respected if they conflict with another perceived geopolitical necessity.

Buying favour

Another plank of the Trump administration’s plan is financial. The White House apparently wants to replace the subsidy that Greenland currently receives from Denmark with a payment of US$10,000 (£7,600) per resident. It’s not clear if this money is intended to go directly to the population, or to the island’s central government.

This works out at just over US$568 million (£429 million) a year. If it’s a subsidy for the central government, then it’s slightly less than the island currently receives from Denmark. And if it’s a payment directly to the population, then it’s unclear how public services on the island would be funded.

Here again, a look at the experience of Indigenous Alaskans is instructive. Indigenous Alaskans, who receive various US government services through the Bureau of Indian Affairs, have a much higher poverty rate than the general population, lower rates of health coverage and worse educational outcomes.

They also generally don’t live as long. According to the most recent figures, the life expectancy for Indigenous Alaskans is 70.4 years – much lower than the statewide average of 74.5.

Economic development – or, perhaps more accurately, exploiting Greenland’s natural resources – is also part of Trump’s plan. Trump is apparently interested in Greenland’s “rare earth minerals, copper, gold, uranium and oil”.

Greenland does indeed have vast mineral wealth. But it is unclear if it can be safely accessed in the island’s current inhospitable environment.

Such resource extraction could also easily lead to environmental damage, as it has done in Alaska. In 1989, for example, the Exxon Valdez oil supertanker spilled more than 10 million gallons of crude oil in Alaska’s Prince William Sound.

Meanwhile, without strong regulation and taxation, the wealth generated could easily accrue to corporations rather than Greenlanders.

There is a long history of colonising powers claiming that only they, rather than “the natives”, can deliver prosperity and progress to a country. Trump’s plan, which tries to turn the experience of Indigenous Alaskans into one that Greenlanders should want to emulate, fits squarely into this genre.

But the history of US involvement in Alaska and its treatment of Indigenous Alaskans gives lie to that story. For Greenlanders to trade their sovereignty to the US in return for a guarantee of prosperity and security would be a risky gamble indeed.

Andrew Gawthorpe 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. Trump’s Greenland plan glosses over a history of segregation and discrimination for Indigenous Alaskans – https://theconversation.com/trumps-greenland-plan-glosses-over-a-history-of-segregation-and-discrimination-for-indigenous-alaskans-254418

MIL OSI – Global Reports –

April 23, 2025
MIL-OSI Global: The focus on manufacturing in the federal election misses what could truly help Canadian workers

Source: The Conversation – Canada – By Gerard Di Trolio, PhD candidate, Labour Studies, McMaster University

Canada’s major political parties have been pledging support for the manufacturing sector ahead of next week’s election, but Canada’s working class is much broader than just manufacturing.

Canadians are on edge because as many as 600,000 jobs are at stake due to tariffs levied by United States President Donald Trump.

But the focus on manufacturing obscures what truly ails the working class in an advanced economy like Canada’s. Manufacturing’s share of employment hovers at around 8.9 per cent, while nearly 80 per cent of Canadians work in the service sector.

A recent report from the non-partisan Cardus think tank notes that Canada’s working class today is “likely to be a female, recently immigrated worker in the services-producing sector. The new working class, in other words, is now more personified by a Walmart cashier or an Amazon delivery driver than a General Motors factory worker or a Domtar mill hand.”

Read more:
Canada’s labour market is failing racialized immigrant women, requiring an urgent policy response

Manufacturing gives way to services

So why is there such emphasis on manufacturing?

It’s easy to understand. Manufacturing has been essential to industrialization, from the British Empire to China’s unprecedented growth in recent years.

The late British-Hungarian economist Nicholas Kaldor argued that manufacturing is the engine of growth due to increasing returns to scale, strong links to other sectors and its role in technological development.

But as countries become wealthier, an increased demand for services follows, creating jobs in that sector. Manufacturing sectors in wealthier countries tend to invest in labour-saving technologies. The U.S., for example, has seen manufacturing employment fall while output has increased.

Labour-intensive sectors like clothing cannot compete with Bangladeshi wages, but discussions about manufacturing jobs in Canada and other advanced economies too often focus on wage competition instead of job losses through automation and increasing productivity.

There were losers when the globalization era began, but countries like Canada and the U.S. are wealthier today than they were in 1994, when the North American Free Trade Agreement (NAFTA) was signed. As American economist Jeffrey Sachs has pointed out, governments have failed to redistribute the wealth created by gains from trade to those at the bottom of the income scale.

Read more:
Beyond NAFTA: Canada must find new global markets

Four policies of a real working-class agenda

There are several key policies that politicians should be proposing that would really help the working class.

First is one that all politicians are talking about: building more housing.

Second is related to key elements of social reproduction — that is, care work. There must be strong funding commitments to ensure a national childcare system functions properly.

With Canada on track to experience a surge of its elderly population, long-term care also needs to be a focus. Personal support workers must earn a living wage and must have better working conditions. Canada’s aging population is also why decreased immigration is a bad idea.

The third policy requires the federal and provincial governments to get serious about active labour market policies. This means building a labour market training system that actually works, something Canada has lacked.

These policies are generally not implemented in liberal market economies like Canada and the U.S.

But in countries like Sweden with active labour market policies in place, 80 per cent of the population has a favourable opinion of robots and AI compared to two-thirds of Americans who are concerned about technological job loss. The state’s ability — or lack of it — to provide social protections and job re-training has real impacts on how people perceive technological change.

Canada also needs to recognize foreign credentials. Its reluctance to do so has had a negative impact on the economic prospects of immigrants. Canada should also consider making higher education free.

The fourth policy involves better worker protections that include a strengthened Employment Insurance that is easier to qualify for, improved protections for gig workers and increasing union membership.

Apart from the public sector, Canadian unions have not fared well organizing in service industries. Unions need to make a serious effort to organize in retail, food service, the gig economy and logistics, despite the challenges. Canadian unions may find that they have little choice but to do so, as their presence in the private sector continues to decline.

Read more:
Canada Post strike highlights labour struggle over gig economy and precarious work

Inequality, wealth redistribution

The most significant barrier of these four policy proposals is that most require an increased redistribution of wealth. Canada over the past several decades has retreated from wealth redistribution and as a result, economic inequality has surged.

White blue-collar workers in the U.S. in areas hit by factory job losses swung to Trump. A Canadian version of this is happening with some blue-collar unions endorsing the Conservatives under Pierre Poilievre.

Read more:
Pierre Poilievre is popular among union members. What’s it really all about?

Fixating on manufacturing is not a solution. After 2012, China began shedding manufacturing employment. Job demand in Chinese manufacturing today is in sectors that require skilled workers for software and AI systems. Services like retail, technology and transportation are also drawing in workers from manufacturing.

Building infrastructure, green energy

Not all blue-collar work will disappear. Canada needs labour to build not just homes, but high-speed rail.

Read more:
Canada is one step closer to high-speed rail, but many hurdles remain

Active labour market policies will be key to ensuring manufacturing workers transition into building infrastructure and green energy. Canada can also remain competitive in areas like aluminum production .

Policymakers need to understand our post-industrial moment, and focus on a just transition for manufacturing workers.

Labour and progressive movements have long championed a just transition for fossil fuel workers. Like factory workers, fossil fuel workers have been courted by right-wing politicians who tell them environmental policies will destroy their jobs. At the same time, oil companies automate their jobs anyway.

These policies are not easy to achieve, but there are few other options for Canada if it wants to be carbon-free, open to the world and more equal. Canada’s economic nostalgia for manufacturing is ultimately strange given it’s also a common talking point of Trump, a politician who’s wildly unpopular in Canada.

Gerard Di Trolio 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 focus on manufacturing in the federal election misses what could truly help Canadian workers – https://theconversation.com/the-focus-on-manufacturing-in-the-federal-election-misses-what-could-truly-help-canadian-workers-254651

MIL OSI – Global Reports –

April 23, 2025
MIL-OSI USA: JEFFRIES LEADS CONGRESSIONAL DELEGATION TO THE UNITED KINGDOM, DENMARK, ISRAEL AND JORDAN
Source: United States House of Representatives – Congressman Hakeem Jeffries (8th District of New York)

Today, Democratic Leader Hakeem Jeffries released the following statement:

“Our bipartisan Congressional delegation has departed for a trip to visit important allies and partners throughout Europe and the Middle East. While in the United Kingdom, we will meet with high level government and private sector leaders, reinforcing the close economic and security partnership that exists between our two countries during a time of global uncertainty. Our delegation will also travel to Denmark, where we look forward to discussing the continued importance of the NATO alliance and the geopolitical status of Greenland.

During our time in the Middle East, we will visit with senior officials in Israel and Jordan to discuss the challenges that exist with Iran and its proxies, as well as the opportunity to secure a durable ceasefire in Gaza that brings home the hostages, surges humanitarian aid to Palestinian civilians in harm’s way and sets the stage for a just and lasting peace in the region. While in Israel, we will also participate in a Yom HaShoah observance.

It is an honor to lead this delegation, and we look forward to an enlightening and productive trip.”

The Members of the delegation are:
- Leader Hakeem Jeffries (D-NY-08), Democratic Leader, U.S. House of Representatives
- Rep. Ann Wagner (R-MO-02), Member, Committee on Financial Services; Member, Permanent Select Committee on Intelligence
- Rep. Gregory W. Meeks (D-NY-05), Ranking Member, Foreign Affairs Committee; Member, Committee on Financial Services
- Rep. Amata Coleman Radewagen (R-American Samoa), Vice-Chairman, Committee on Veterans’ Affairs; Member, Natural Resources Committee; Member, Foreign Affairs Committee
- Rep. Madeleine Dean (D-PA-04), Member, Committee on Appropriations; Member, Foreign Affairs Committee
- Rep. Marilyn Strickland (D-WA-10), Member, Committee on Armed Services; Member, Committee on Transportation and Infrastructure
- Rep. Greg Landsman (D-OH-01), Member, Committee on Energy and Commerce
- Rep. Laura Friedman (D-CA-30), Member, Committee on Science, Space and Technology; Member, Committee on Transportation and Infrastructure
###

MIL OSI USA News –
April 23, 2025
MIL-OSI: Prosafe SE: Operational update – March 2025

Source: GlobeNewswire (MIL-OSI)

22 April – Fleet utilisation for March 2025 was 52 per cent.

Safe Zephyrus operated at full capacity during March, achieving 100 per commercial uptime.

Safe Notos and Safe Eurus, both had 99 per cent commercial uptime in March.

Safe Concordia operated at full capacity on the days she was in operation. The vessel was transferred to the new owner on March 13, 2025.

Safe Caledonia has commenced reactivation activities in Scapa Flow, UK, and will mobilise to the Captain Field, UK, by 01 June 2025.

Safe Boreas is in Norway preparing for relocation in Q2 2025 for a contract in Australia commencing between mid-November 2025 and mid-February 2026.

Prosafe has entered into an agreement to sell Safe Scandinavia for recycling. A condition of the recycling is full compliance with all relevant conventions and regulations, with the vessel expected to be delivered within Q2 2025.

Prosafe is a leading owner and operator of semi-submersible accommodation vessels. The company is listed on the Oslo Stock Exchange with ticker code PRS. For more information, please refer to https://www.prosafe.com

For further information, please contact:

Terje Askvig, CEO

Phone: +4795203886

Reese McNeel, CFO

Phone: +4741508186

This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act.

The MIL Network –

April 23, 2025

MIL-OSI: Correction to stock exchange release: Siili Solutions Plc: Business review, 1 January – 31 March 2025

Source: GlobeNewswire (MIL-OSI)

Correction to stock exchange release: Siili Solutions Plc: Business review, 1 January – 31 March 2025

Siili Solutions Plc Stock exchange release 22 April 2025 at 14:10 EEST

This is a correction to the stock exchange release published by Siili Solutions Plc on 22 April 2025 at 9:30 am by which the company published its business review for the period 1 January – 31 March 2025. In the key figures table there was “Total full-time employees and subcontractors (FTE) at the end of the period” instead of two separate key figures “Number of full-time employees (FTE) at the end of the period” and “Number of full-time subcontractors (FTE) at the end of the period”.

The corrected release is stated below as a whole and the revised report is attached to this release.

Q1 2025 for Siili: Siili continued AI strategy implementation and actions for profitability improvements, revenue at the previous year’s level

January-March 2025

We completed the acquisition of a majority stake in Intergrations Group Oy
We launched an Advisory service to accelerate our clients’ digital business and use of artificial intelligence
We adjusted our competence profile to match our strategy and the current market situation
The revenue for the first quarter was EUR 29.9 (29.8) million, representing increase of 0.3% year on year. Organically, revenue decreased by 1.6% from the comparison period.
Adjusted EBITA for the first quarter was EUR 1.3 (1.6) million, which corresponds to 4.2% (5.3%) of revenue

EUR million	Q1/2025	Q1/2024
Revenue	29.9	29.8
Revenue growth, %	0.3%	-11.3%
Organic revenue growth, %	-1.6%	-11.3%
Share of international revenue, %	27.1%	27.7%
Adjusted EBITA	1.3	1.6
Adjusted EBITA, % of revenue	4.2%	5.3%
EBITA	1.2	1.4
EBIT	0.9	1.1
Earnings per share, EUR	0.05	0.07
Number of employees at the end of the period	957	973
Average number of employees during the period	950	990
Number of full-time employees (FTE) at the end of the period	931	950
Number of full-time subcontractors (FTE) at the end of the period	144	137

Outlook of 2025

Revenue for 2025 is expected to be EUR 108-130 million and adjusted EBITA EUR 4.7-7.7 million.

CEO Tomi Pienimäki:

The first quarter of this year was challenging for Siili as the sluggish market conditions prevailed, and we took concrete steps to improve the profitability of our operations. However, many positive developments also occurred during the initial months of the year while we focused with determination on the implementation of our strategy.

The Group’s revenue in January-March amounted to just under EUR 30 million, broadly at the previous year’s level. Adjusted EBITA for the first quarter amounted to EUR 1.3 million, 4.2% of revenue. Profitability came in slightly weaker than last year, in line with our expectations. However, when comparing to the previous year’s result, it is worth noting that the adjusted EBITA for the comparison period was improved by the temporary layoffs implemented during Q1 2024.

During the initial months of the year, we have seen encouraging developments in the market, with our customers moving from testing artificial intelligence to firm transition programmes. In March, we launched a new Advisory service to accelerate our customers’ digital business and adoption of AI.

An example of how we support our customers on their AI journey is an AI-assisted training programme we delivered for Alma Media at the beginning of the year. It is a tailored solution that helps Alma Media to integrate AI seamlessly into its operations and culture.

Siili also worked with Varma to modernise a key system. The objective of the modernisation was to simplify the maintenance of the system and improve its scalability and development potential, ensuring it continues to meet Varma’s business needs reliably into the future. The work was carried out in stages and in close cooperation with the client, ensuring the continuous operability of the system.

During the opening months of the year, we have also built new cooperation networks that allow extensive utilisation of Siii’s expertise. In March, Siili was accepted as a member in the Digital Defence Ecosystem, which brings together Finland’s leading technology companies to support national defence capabilities and the security of supply. Siili also became an NVIDIA partner earlier this year as part of the NVIDIA Partner Network (NPN), which significantly supports us in bringing scalable, production-ready AI solutions to our customers.

In February–March, we adjusted our competence profile to align with the strategy we released last year, and current market conditions. Following change negotiations started in February, we will reduce 25 roles from Siili Finland’s functions and 8 from Siili Auto Finland. Actions affecting personnel are always difficult for the organisation, but we believe these adjustments will strengthen Siili’s competitiveness and profitability. With these measures, we estimate that we will achieve a total of 2.2 million euros in annual cost savings.

To strengthen Siili’s competence profile, we concluded the acquisition of a majority stake in Integrations Group Oy at the beginning of the year. Integrations Group is now part of Siili, and the collaboration has started strongly. We continue to strengthen our competence profile in line with the strategy also through recruitment and human resources development.

I want to thank all our customers and partners for the past few months, but above all, I extend my thanks to the Siili team for their commitment and outstanding work during the quarter.

—

This is not an interim report under IAS 34. The company complies with the half-yearly reporting requirements of the Securities Markets Act and publishes business reviews for the first three and nine months of the year, which present key information on the company’s financial performance. The financial information presented in this business review is unaudited.

Further information:
CEO Tomi Pienimäki
Tel: +358 40 834 1399, email: tomi.pienimaki(at)siili.com
CFO Aleksi Kankainen
Tel: +358 40 534 2709, email: aleksi.kankainen(at)siili.com

Distribution:
Nasdaq Helsinki Ltd
Main media
www.siili.com/en

Siili Solutions in brief:
Siili Solutions Plc is a forerunner in AI-powered digital development. Siili is the go-to partner for clients seeking growth, efficiency and competitive advantage through digital transformation. Our main markets are Finland, the Netherlands, the United Kingdom, and Germany. Siili Solutions Plc’s shares are listed on the Nasdaq Helsinki Stock Exchange. Siili has grown profitably since its founding in 2005. www.siili.com/en

Attachment

Siili Solutions_Q1_2025_corrected_EN

The MIL Network –

April 22, 2025

MIL-OSI: Sydbank share buyback programme: transactions in week 16

Source: GlobeNewswire (MIL-OSI)

Company Announcement No 16/2025

Peberlyk 4
6200 Aabenraa
Denmark

Tel +45 74 37 37 37
Fax +45 74 37 35 36

Sydbank A/S
CVR No DK 12626509, Aabenraa
sydbank.dk

22 April 2025

Dear Sirs

Sydbank share buyback programme: transactions in week 16
On 26 February 2025 Sydbank announced a share buyback programme of DKK 1,350m. The share buyback programme commenced on 3 March 2025 and will be completed by 31 January 2026.

The purpose of the share buyback programme is to reduce the share capital of Sydbank and the programme is executed in compliance with the provisions of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 and Commission Delegated Regulation (EU) 2016/1052 of 8 March 2016, collectively referred to as the Safe Harbour rules.

The following transactions have been made under the share buyback programme:

	Number of shares	VWAP	Gross value (DKK)
Accumulated, most recent announcement	503,000		209,570,180.00
14 April 2025 15 April 2025 16 April 2025 17 April 2025 (public holiday) 18 April 2025 (public holiday)	22,000 20,000 18,000 – –	396.85 408.14 408.08 – –	8,730,700.00 8,162,800.00 7,345,440.00 – –
Total over week 16	60,000		24,238,940.00
Total accumulated during the share buyback programme	563,000		233,809,120.00

All transactions were made under ISIN DK 0010311471 and effected by Danske Bank A/S on behalf of Sydbank A/S.

Further information about the transactions, cf Article 5 of Regulation (EU) No 596/2014 of the European Parliament and of the Council on market abuse and Commission delegated regulation, is available in the attachment.

Following the above transactions, Sydbank holds a total of 3,947,697 own shares, equal to 7.23% of the Bank’s share capital.

Yours sincerely

Mark Luscombe        Jørn Adam Møller
CEO        Deputy Group Chief Executive

Attachment

SM 16 UK incl. enc

The MIL Network –

April 22, 2025

MIL-OSI Economics: The European Main Battle Tank Development (FMBTech) project has been launched to develop the technologies behind the tank of the future

Source: Thales Group

Headline: The European Main Battle Tank Development (FMBTech) project has been launched to develop the technologies behind the tank of the future

22 Apr 2025

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The Technologies for Existing and Future Main Battle Tanks (FMBTech) project has been officially launched. This European project aims to revolutionise Main Battle Tanks (MBTs) for modern hybrid warfare. Coordinated by Thales, the initiative brings together a consortium of 26 companies from 13 European Union (EU) Member States and Norway.

Funded by the European Commission under the European Defence Fund (EDF, 2023 edition) and the consortium, this three-year initiative will develop modular and adaptable solutions to ensure readiness for diverse and complex battlefields. By using innovative technology bricks, the project aims to build a future of agile, intelligent, and cooperative MBTs to address the limitations of aging fleets in the EU and Norway.

FMBTech positions the EU at the forefront of advanced, cutting-edge defence technologies, reinforcing military innovation and collaboration within European defence. The project will enhance the effectiveness, safety, and cost-efficiency of both existing and future MBTs, ensuring they remain pivotal assets on the battlefield while bridging the gap to emerging 5^th-generation capabilities.

About FMBTech

A European Consortium with 26 participating entities, FMBTech features 8 SMEs and 7 RTOs from 13 EU Member States and Norway.

The FMBTech project was selected by the European Commission for funding under the European Defence Fund (EDF) in 2023. The project has been allocated a total budget of €19 million.

The EDF is the Commission’s instrument for supporting research and development actions in the defence sector. Its main objectives are to foster cooperation between companies, including SMEs, and Research and Technology Organisations (RTOs) throughout the Union, to promote the development of defence capabilities through investment, and to help EU companies develop advanced and interoperable defence technologies and equipment.

The partners are:

THALES SIX GTS FRANCE SAS France

ARQUUS France

C&V CONSULTING Belgium

CY4GATE SPA Italy

ENVIRONICS OY Finland

EIGHT BELLS HELLAS I.K.E Greece

GMV AEROSPACE AND DEFENCE SA Spain

GUARDIARIS RACUNALNISKE APLIKACIJE IN SIMULACIJE D.O.O Slovenia

HENSOLDT FRANCE SAS France

ISD AEROSPACE LIMITED Ireland

MBDA FRANCE France

MSM LAND SYSTEMS S.R.O Slovakia

KNDS France

OŚRODEK BADAWCZO-ROZWOJOWY URZĄDZEŃ MECHANICZNYCH OBRUM SP. Z O.O. Poland

POLITECNICO DI MILANO Italy

SAFRAN ELECTRONICS & DEFENSE France

SAVOX COMMUNICATIONS OY Finland

SCERTAS GMBH Germany

SKYLD SECURITY AND DEFENCE LIMITED Cyprus

SOPRA STERIA AS Norway

TEKNOLOGIAN TUTKIMUSKESKUS VTT OY Finland

THALES ITALIA SPA Italy

VETRONICS RESEARCH CENTRE EU LTD Cyprus

VOJENSKÝ VÝZKUMNÝ ÚSTAV SP Czech Republic

WOJSKOWA AKADEMIA TECHNICZNA IM. JAROSLAWA DABROWSKIEGO Poland

WOJSKOWY INSTYTUT TECHNIKI PANCERNEJ I SAMOCHODOWEJ Poland

About Thales

Thales (Euronext Paris: HO) is a global leader in advanced technologies for the Defence, Aerospace, and Cyber & Digital sectors. Its portfolio of innovative products and services addresses several major challenges: sovereignty, security, sustainability and inclusion.

The Group invests more than €4 billion per year in Research & Development in key areas, particularly for critical environments, such as Artificial Intelligence, cybersecurity, quantum and cloud technologies.

Thales has more than 83,000 employees in 68 countries. In 2024, the Group generated sales of €20.6 billion.

MIL OSI Economics –

April 22, 2025
MIL-OSI: HERE partners with ECARX to launch Next-Generation, In-Car Navigation at Auto Shanghai 2025
Source: GlobeNewswire (MIL-OSI)
- The collaboration leverages HERE’s next-generation navigation platform, and ECARX’s full-stack capabilities to deliver an industry-leading navigation solution for leading Chinese automakers.
- By integrating HERE SDK and compliant location data across 200+ countries, the solution significantly shortens development cycles for international vehicle platforms.
- A production-ready solution, along with a demo, will debut at Auto Shanghai 2025.
Shanghai, Auto Shanghai 2025 – HERE Technologies, the leading location data and technology platform, today announced its strategic partnership with ECARX, global mobility technology company ECARX (Nasdaq: ECX), on co-developing a new-generation navigation system with multi-scenario adaptability, integrating the HERE SDK navigation platform with ECARX’s full-stack solutions.

HERE SDK offers the latest, complete navigation and location services experience for connected vehicles. It stands out for its multi-scenario adaptability, data accuracy, coverage breadth, technical performance, and developer-friendly features, making it ideal for high-precision mapping, real-time navigation, and cross-platform support.

By combining HERE’s world-class AI-powered location technology with ECARX’s automotive technologies, the collaboration will empower global automotive OEMs, including Lotus, Lynk & Co, Smart and Hongqi, to deliver advanced navigation solutions that are reliable, dynamic, and personalized, offering drivers across the world an unparalleled driving experience while supporting the global shift towards intelligent, connected vehicles.

Mike Nefkens, CEO of HERE Technologies, shared: “Together with ECARX, we’re combining cutting-edge AI-powered mapping and location services with next-generation intelligent vehicle platforms, making it easier than ever for leading automakers to deliver connected, intuitive and globally scalable navigation experiences. Our partnership is focused on increasing the speed at which automakers bring the latest in-car navigation solutions to market.”

Ziyu Shen, Co-founder, Chairman, and CEO of ECARX, added: “This deep technical collaboration fuses HERE’s world-class mapping expertise with ECARX’s full-stack software and hardware co-development platform. By standardizing HERE’s SDK—supporting compliant map data for over 200 countries and multidimensional parameter interfaces—we significantly shorten the development cycle for automaker navigation systems. This allows global vehicle models to meet data regulations across major markets and provides a plug-and-play global navigation development framework for OEMs.”

As HERE strengthens its presence in the Chinese automotive sector, this collaboration is testament to the company’s role in powering next-generation mobility solutions for global automotive leaders. HERE Technologies is also showcasing its innovative location technology at Auto Shanghai 2025 at Booth #2B A052, demonstrating its commitment to driving the future of mobility and smart cities.

Media contacts
HERE Technologies
Jordan Stark
+1 312 316 4537
jordan.stark@here.com

Dr. Sebastian Kurme
+49 173 515 3549
sebastian.kurme@here.com

About ECARX
ECARX (Nasdaq: ECX) is a global automotive technology provider with capabilities to deliver turnkey solutions for next-generation smart vehicles, from the system on a chip (SoC), to central computing platforms, and software. As automakers develop new electric vehicle architectures from the ground up, ECARX is developing full-stack solutions to enhance the user experience, while reducing complexity and cost. Founded in 2017 and listed on the Nasdaq in 2022, ECARX now has over 1,900 employees based in 12 major locations in China, UK, USA, Sweden, Germany and Malaysia. To date, ECARX products can be found in over 8.1 million vehicles worldwide.

About HERE Technologies
HERE has been a pioneer in mapping and location technology for 40 years. Today, HERE’s location platform is recognized as the most complete in the industry, powering location-based products, services and custom maps for organizations and enterprises across the globe. From autonomous driving and seamless logistics to new mobility experiences, HERE allows its partners and customers to innovate while retaining control over their data and safeguarding privacy. Find out how HERE is moving the world forward at here.com.

Attachment
- HERE partners with ECARX to launch Next-Generation, In-Car Navigation at Auto Shanghai 2025
The MIL Network –
April 22, 2025

MIL-OSI: Siili Solutions Plc, Business review, 1 January–31 March 2025

Source: GlobeNewswire (MIL-OSI)

Q1 2025 FOR SIILI: Siili continued AI strategy implementation and actions for profitability improvements, revenue at the previous year’s level

Siili Solutions Plc Stock Exchange Release 22 April 2025 at 9:30 am EEST

January-March 2025

We completed the acquisition of a majority stake in Intergrations Group Oy
We launched an Advisory service to accelerate our clients’ digital business and use of artificial intelligence
We adjusted our competence profile to match our strategy and the current market situation
The revenue for the first quarter was EUR 29.9 (29.8) million, representing increase of 0.3% year on year. Organically, revenue decreased by 1.6% from the comparison period.
Adjusted EBITA for the first quarter was EUR 1.3 (1.6) million, which corresponds to 4.2% (5.3%) of revenue

EUR million	Q1/2025	Q1/2024
Revenue	29.9	29.8
Revenue growth, %	0.3%	-11.3%
Organic revenue growth, %	-1.6%	-11.3%
Share of international revenue, %	27.1%	27.7%
Adjusted EBITA	1.3	1.6
Adjusted EBITA, % of revenue	4.2%	5.3%
EBITA	1.2	1.4
EBIT	0.9	1.1
Earnings per share, EUR	0.05	0.07
Number of employees at the end of the period	957	973
Average number of employees during the period	950	990
Total full-time employees and subcontractors (FTE) at the end of the period	1,075	1,087

Outlook of 2025

Revenue for 2025 is expected to be EUR 108-130 million and adjusted EBITA EUR 4.7-7.7 million.

CEO Tomi Pienimäki:

I want to thank all our customers and partners for the past few months, but above all, I extend my thanks to the Siili team for their commitment and outstanding work during the quarter.

—

FURTHER INFORMATION:
CEO Tomi Pienimäki
Tel: +358 40 834 1399, email: tomi.pienimaki(at)siili.com
CFO Aleksi Kankainen
Tel: +358 40 534 2709, email: aleksi.kankainen(at)siili.com

DISTRIBUTION:
Nasdaq Helsinki Ltd
Main media
www.siili.com/en

SIILI SOLUTIONS IN BRIEF:
Siili Solutions Plc is a forerunner in AI-powered digital development. Siili is the go-to partner for clients seeking growth, efficiency and competitive advantage through digital transformation. Our main markets are Finland, the Netherlands, the United Kingdom, and Germany. Siili Solutions Plc’s shares are listed on the Nasdaq Helsinki Stock Exchange. Siili has grown profitably since its founding in 2005. www.siili.com/en

Attachment

Siili Solutions_Q1_2025_EN

The MIL Network –

April 22, 2025

MIL-OSI Economics: Secretary-General of ASEAN receives the Minister for Foreign Affairs of Denmark

Source: ASEAN

Secretary-General of ASEAN, Dr. Kao Kim Hourn, this morning welcomed H.E. Lars Løkke Rasmussen, Minister for Foreign Affairs of Denmark, to the ASEAN Headquarters/ASEAN Secretariat. At their bilateral meeting, they exchanged views to seek ways to further enhance ASEAN-Denmark relations in mutually beneficial areas, both bilaterally and within the framework of ASEAN-EU cooperation.

The post Secretary-General of ASEAN receives the Minister for Foreign Affairs of Denmark appeared first on ASEAN Main Portal.

MIL OSI Economics –

April 22, 2025
MIL-OSI: Smackover Lithium’s South West Arkansas Project Receives Special Designation as a Priority Transparency Critical Mineral Project From the Trump Administration

Source: GlobeNewswire (MIL-OSI)

LEWISVILLE, Ark., April 21, 2025 (GLOBE NEWSWIRE) — Smackover Lithium, a Joint Venture (“JV”) between Standard Lithium Ltd. (“Standard Lithium” or the “Company”) (TSXV:SLI) (NYSE:A:SLI) and Equinor, is proud to announce that its South West Arkansas (“SWA”) Project has been selected as one of the first critical mineral production projects to be advanced under Executive Order 14241, Immediate Measures to Increase American Mineral Production, issued on March 20, 2025, by President Trump. This prestigious designation, announced by the Federal Permitting Improvement Steering Council at the recommendation of the National Energy Dominance Council, underscores the project’s strategic importance to national security, economic prosperity, and energy independence.

The SWA Project, a cornerstone of Smackover Lithium’s mission to bolster domestic lithium production, has been included on the Federal Permitting Dashboard as a transparency project. This designation ensures increased transparency, accountability, and predictability in the permitting review process, aligning with President Trump’s directive to expedite domestic critical mineral projects. The support from the White House signals strong federal backing for the project, reinforcing its role in reducing U.S. reliance on China. The SWA Project is one of only three domestic lithium projects and the sole Direct Lithium Extraction (“DLE”) initiative to be included on the initial selected projects list. Additionally, it is the first project supported by the DOE’s Office of Manufacturing and Energy Supply Chains to be accepted into the Transparency Program.

“We are honored by the Trump Administration’s recognition of the SWA Project as a priority project for American mineral production,” said Standard Lithium’s CEO, David Park. “This designation is a testament to the project’s economic viability and potential to strengthen national security, create high-quality jobs, and fuel economic growth in Arkansas and beyond. The streamlined permitting process, combined with federal support, reinforces our project development timeline and positions us well to deliver a low cost, sustainable, and domestic source of lithium critical to advanced energy technologies.”

Smackover Lithium remains committed to environmentally responsible development, community engagement, and innovation as it advances the SWA Project. The JV looks forward to collaborating with federal, state, and local stakeholders to ensure the project’s success and to contribute to America’s leadership in the critical minerals sector.

For more information about the SWA Project and Smackover Lithium, please visit www.smackoverlithium.com.

About Standard Lithium Ltd.

Standard Lithium is a leading near-commercial lithium development company focused on the sustainable development of a portfolio of large, high-grade lithium-brine properties in the United States. The Company prioritizes projects characterized by the highest quality resources, robust infrastructure, skilled labor, and streamlined permitting. Standard Lithium aims to achieve sustainable, commercial-scale lithium production via the application of a scalable and fully integrated Direct Lithium Extraction (“DLE”) and purification process. The Company’s flagship projects are located in the Smackover Formation, a world-class lithium brine asset, focused in Arkansas and Texas. In partnership with global energy leader Equinor, Standard Lithium is advancing the South West Arkansas project, a greenfield project located in southern Arkansas, and actively exploring promising lithium brine prospects in East Texas. Standard Lithium also holds an interest in certain mineral leases in the Mojave Desert in San Bernardino County, California.

Standard Lithium trades on both the TSX Venture Exchange and the NYSE American under the symbol “SLI”. Please visit the Company’s website at www.standardlithium.com.

About Equinor

Equinor is an international energy company committed to long-term value creation in a low-carbon future. Equinor’s portfolio of projects encompasses oil and gas, renewables and low-carbon solutions, with an ambition of becoming a net-zero energy company by 2050. Headquartered in Norway, Equinor is the leading operator on the Norwegian continental shelf and is present in around 30 countries worldwide. Our partnership with Standard Lithium to mature DLE projects builds on our broad US energy portfolio of oil and gas, offshore wind, low carbon solutions and battery storage projects.

For more information on Equinor in the US, please visit: Equinor in the US – Equinor

Investor and Media Inquiries

Chris Lang
Standard Lithium Ltd.
+1 604 409 8154
investors@standardlithium.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain certain “Forward-Looking Statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When used in this news release, the words “anticipate”, “believe”, “estimate”, “expect”, “target”, “plan”, “forecast”, “may”, “schedule” and other similar words or expressions identify forward-looking statements or information. These forward-looking statements or information may relate to intended development timelines, future prices of commodities, accuracy of mineral or resource exploration activity, reserves or resources, regulatory or government requirements or approvals, the reliability of third party information, continued access to mineral properties or infrastructure, fluctuations in the market for lithium and its derivatives, changes in exploration costs and government regulation in Canada and the United States, and other factors or information. Such statements represent the Company’s current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements and information other than as required by applicable laws, rules and regulations.

The MIL Network –

April 22, 2025
MIL-Evening Report: Fossil fuel companies ‘poisoned the well’ of public debate with climate disinformation. Here’s how Australia can break free

Source: The Conversation (Au and NZ) – By Naomi Oreskes, Professor of the History of Science, Harvard University

President Donald Trump has issued an executive order that would block state laws seeking to tackle greenhouse gas emissions – the latest salvo in his administration’s campaign to roll back United States’ climate action.

Under Trump, the US has clearly abdicated climate leadership. But the US has in fact obstructed climate action for decades – largely due to damaging actions by the powerful fossil fuel industry.

In 20 years studying attacks on climate science and the powerful forces at work behind the scenes, I’ve come to think the United States is simply not going to lead on climate action. The fossil fuel industry has so poisoned the well of public debate in the US that it’s unlikely the nation will lead on the issue in our lifetimes.

Australia, on the other hand, has enormous potential.

I recently visited Australia from Harvard University for a series of public talks. This nation is very close to my heart. I trained as a mining geologist and spent three years in outback South Australia, before returning to academia.

The vacuum Trump has created on climate policy provides a chance for other countries to lead. Australia has much more to gain from the clean-energy future than it stands to lose – and your climate action could be pivotal.

The climate crisis: a long time coming

Scientists first warned against burning fossil fuels way back in the 1950s. When the US Clean Air Act was passed in 1970, the words “weather” and “climate” were included because scientists had already explained to Congress that carbon dioxide was a pollutant with serious — even dire — effects.

In the late 1980s, scientists at NASA observed changes in the climate system that could only be explained by the extra heating effect of atmospheric carbon dioxide. The predictions had become reality.

When George H.W. Bush ran successfully for president in 1988, he promised to use the power of the “White House effect” to fight the “greenhouse effect”. In 1992, Bush and other world leaders gathered in Rio de Janeiro, Brazil, to sign the United Nations Framework Convention on Climate Change. Together, 178 countries promised action to prevent “dangerous anthropogenic interference” with Earth’s climate. But that action never came.

Trump has undoubtedly been bad news for global climate action. He makes preposterous claims about science and is dismantling the federal agencies responsible for supporting climate science and maintaining climate data.

But the US has long failed to play its part in cutting dangerous greenhouse gas emissions. The reason for this lies largely outside the White House.

If only George H.W. Bush had used the White House effect to counter the greenhouse effect, as he once promised to.
mark reinstein, Shutterstock

A long-running campaign of disinformation

The fossil fuel industry has known about climate change for as long as scientists have.

In the late 1970s and early 1980s, scientists at Esso (later ExxonMobil) actively researched the topic, building climate models and coauthoring scientific papers.

The scientists informed their managers of the risk of catastrophic damage if the burning of oil, gas and coal continued unabated. They even suggested the company might need a different business model – one not so dependent on fossil fuels.

But managers at ExxonMobil made a fateful decision: to turn from information to disinformation. Working in tandem with other oil, gas and coal companies, as well as automobile and aluminium manufacturers, ExxonMobil launched an organised campaign, sustained over decades, to block climate action by casting doubt on the underlying science.

They ran ad campaigns in national and local newspapers insisting the science was too unsettled to warrant action. They created “astroturf” organisations that only pretended to be green, and funded “third-party allies” to argue that proposed remedies would be too expensive, cost jobs and damage the economy.

The company funded outlier scientists to publish papers claiming atmospheric warming was the result of natural climate variability. They pressured journalists to give equal time to “their side” of the story in the name of “balance”.

Over the next three decades, whenever any meaningful climate policy seemed to be gaining traction, the industry and its allies lobbied Congress and state legislatures to block it. So, neither Democratic nor Republican administrations were able to undertake meaningful climate action.

While people were dying in climate-charged floods and fires, the fossil fuel industry persuaded a significant proportion of the US population, including Trump, that the whole thing might just be a hoax.

Rise up Australia

In a matter of weeks after becoming president, Trump pulled out of the Paris Agreement to limit global warming, shut down government websites hosting climate data, and withdrew support for research that dares to mention the word “climate”.

This has created a vacuum that other countries, including Australia, can step up to fill.

Few countries have more to lose from climate change than Australia. The continent has already witnessed costly and devastating wildfires and floods — affecting remote areas and major cities. It’s not unreasonable to worry that in coming years, significant parts of Australia could become uninhabitable.

Like the US, Australia has a powerful fossil fuel industry that has disproportionately influenced its politics. Unlike the US, however, that industry is based mainly on coal for export, which Australians do not depend on in their daily lives.

And Australia is truly a lucky country. It has unsurpassed potential to replace fossil fuels with renewable energy.

More than 15 years ago, Australian researchers in the Zero Carbon Australia project offered a blueprint for how the country could eliminate fossil fuel use entirely. Since then, renewable energy has only become cheaper and more efficient.

South Australia has proved the point: the state was 100% reliant on fossil fuels for electricity in 2002, but now more than 70% comes from renewables.

Across Australia, the share of renewable electricity generation is growing. Victoria, New South Wales and Queensland are vying for second place after SA. It’s fascinating to watch the National Electricity Market balance supply and demand in real time, where a large proportion of the electricity comes from rooftop solar.

For decades, the fossil fuel industry has told the public our societies can’t manage without fossil fuels. Large parts of Australia have proved it’s just not so. The rest of the nation can follow that lead, and model the energy transition for the world. Here’s your chance.

Over the past two decades, Naomi Oreskes has received grant funding from various governments and non-government organisations to support the research upon which this piece is based. She serves on the board of The Climate Science Legal Defense Fund, which works to protect the integrity of climate science, and climate scientists, from politically motivated attacks. The Fund is a registered 501 c(3) non-profit organisation, meaning it does not engage in political activities. She is also an emerita board member of Protect our Winters, a 501 c (3) that works with the winter sports community to educate people about climate change and the threat it poses to winter sports. Naomi serves on the board of the Kann-Rasmussen foundation (Denmark), a non-profit foundation that works “to support the transition to a more environmentally resilient stable, and sustainable planet”.
Naomi currently serves as a consultant to a number of groups pursuing climate litigation in the United States, and recently submitted an expert report to the International Court of Justice on behalf of Vanuatu. She also receives speaking fees and book royalties for talks and publications on the history of climate science and climate change denial. Co-author, with Erik M. Conway, of Merchants of Doubt (2010) and The Big Myth (2023).

– ref. Fossil fuel companies ‘poisoned the well’ of public debate with climate disinformation. Here’s how Australia can break free – https://theconversation.com/fossil-fuel-companies-poisoned-the-well-of-public-debate-with-climate-disinformation-heres-how-australia-can-break-free-251221

MIL OSI Analysis – EveningReport.nz –

April 22, 2025
MIL-OSI Video: Haiti: Women & girls – Joint Security Council Media Stakeout

Source: United Nations (Video News)

Comments to the media by Jérôme Bonnafont, Permanent Representative of the Republic of France to the United Nations and President of the Security Council for the month of April, on behalf of Denmark, Greece, Guyana, Panama, the Republic of Korea, Sierra Leone, Slovenia, the United Kingdom and France, signatories of the shared commitments on Women, Peace and Security, on the situation on Haiti.

https://www.youtube.com/watch?v=GZgDTxNCvh0

MIL OSI Video –

April 22, 2025
MIL-OSI United Kingdom: PM call with Prime Minister Støre of Norway: 21 April 2025
Source: United Kingdom – Executive Government & Departments

Press release

PM call with Prime Minister Støre of Norway: 21 April 2025

The Prime Minister spoke to the Prime Minister of Norway, Jonas Gahr Støre this afternoon.
The Prime Minister spoke to the Prime Minister of Norway, Jonas Gahr Støre this afternoon.

Reflecting on their shared priority of seeing peace in Ukraine, the leaders agreed there can be no let-up in their support for Ukraine. They also discussed the importance of keeping up economic pressure on Russia to ensure they engage seriously in talks.

On the topic of global trade, the Prime Minister reiterated his commitment to protecting UK interests through a cool and calm approach. The leaders agreed a trade war is in nobody’s interests.

They welcomed progress being made on the new bilateral defence agreement between their two countries and looked forward to discussing further soon.

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Published 21 April 2025
MIL OSI United Kingdom –
April 22, 2025
MIL-OSI: ZA Miner Introduces Free Cloud Mining Service, Making Bitcoin and Dogecoin Mining Accessible to Everyone
Source: GlobeNewswire (MIL-OSI)

ZA Miner enables users to generate passive income by mining Bitcoin, Dogecoin, and Litecoin online.

MIDDLESEX, United Kingdom, April 21, 2025 (GLOBE NEWSWIRE) — ZA Miner, a UK-based cloud mining company, announces the launch of its zero-cost cloud mining service, giving users the ability to mine popular cryptocurrencies like Bitcoin and Dogecoin without investing in expensive hardware or electricity costs.

The new platform introduces a streamlined way for crypto enthusiasts and newcomers to earn passive income through mining—entirely online. By offering a $100 free mining contract upon registration, ZA Miner is making mining more accessible than ever.

No Equipment. No Experience. Just Crypto Rewards.

ZA Miner’s platform removes the traditional complexities of crypto mining. Users no longer need to purchase mining rigs or maintain servers. With just an email address, individuals can sign up and start earning daily payouts through a simple, user-friendly interface. The platform supports mining for Bitcoin (BTC), Dogecoin (DOGE), and Litecoin (LTC).

“We created ZA Miner with the belief that anyone should be able to participate in cryptocurrency mining without high costs or technical challenges,” said a company representative. “Our model is built for transparency, ease of use, and financial inclusion.”

Global Operations with Eco-Conscious Infrastructure

ZA Miner operates its mining farms in strategic, energy-efficient regions such as Kazakhstan and Iceland. These locations are selected for their low electricity rates and sustainable energy sources, allowing the company to pass cost savings and reliability on to its users.

Mining contracts from ZA Miner are designed to support users with varying levels of expertise.

Platform Highlights:
- Free $100 Mining Bonus – Get started immediately without any payment.
- No Hardware Required – All mining is cloud-based.
- Daily Earnings – Receive payouts directly to your wallet.
- Environmentally Friendly – Operates in energy-efficient regions.
- Safe & Secure – SSL encryption and anti-DDoS protection ensure account safety.
- Referral Rewards – Earn up to 7% commission for inviting others to the platform.
How to Begin:
1. Create an account on www.zaminer.com
2. Claim your $100 bonus mining contract
3. Start earning and track your rewards daily
ZA Miner’s free cloud mining model reflects a growing demand for accessible crypto tools. With reliable performance, global infrastructure, and a clear path for users to get started, the company is offering an opportunity for anyone to join the digital economy—no technical knowledge required.

About ZA Miner:

ZA Miner is a leading cloud mining provider based in Middlesex, United Kingdom, specializing in Bitcoin, Dogecoin, and Litecoin mining services. Focused on making cryptocurrency mining accessible, affordable, and eco-conscious, ZA Miner combines cutting-edge technology, sustainable operations, and user-friendly solutions to empower individuals around the world to participate in the digital asset economy. For more information, visit www.zaminer.com.

Media Contact:
SHEIKH, Anisah Fatema
ZA FUNDINGS LTD
info@zaminer.com
https://www.zaminer.com/

Photos accompanying this announcement are available at

https://www.globenewswire.com/NewsRoom/AttachmentNg/16b2baaf-18de-4e33-95e3-16fc66f6af82

https://www.globenewswire.com/NewsRoom/AttachmentNg/953d2c2d-b1d0-492e-9c22-2b7fcac43aae

The MIL Network –
April 22, 2025

Category: Scandinavia

Lectures, master classes and creative evenings

Performances, quests and film screenings

Misinformation vs disinformation

Climate change misinformation in Australia

What’s happening in the federal election campaign?

3. Australians for Natural Gas

How to identify misinformation

Buying favour

Manufacturing gives way to services

Four policies of a real working-class agenda

Inequality, wealth redistribution

Building infrastructure, green energy

The climate crisis: a long time coming

A long-running campaign of disinformation

Rise up Australia

PM call with Prime Minister Støre of Norway: 21 April 2025

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