NewzIntel.com

Category: Transport

  • MIL-OSI Asia-Pac: Contractors fined for violations of safety legislation

    Source: Hong Kong Government special administrative region – 4

    Meco Engineering Limited and Chiu Yue Electrical Engineering Limited were fined $124,000 and $206,000 respectively at Kwun Tong Magistrates’ Courts today (August 1) for violations of the Factories and Industrial Undertakings Ordinance, the Construction Sites (Safety) Regulations and the Factories and Industrial Undertakings (Lifting Appliances and Lifting Gear) Regulations. The prosecutions were launched by the Labour Department.

    ​The case involved a fatal accident that occurred on October 10, 2023, at a construction site in Tsim Sha Tsui. It was suspected that a worker fell from height while he was carrying out cable-laying work. The worker sustained a serious head injury and passed away on the same day.

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Radiation (Control of Irradiating Apparatus) (Amendment) Regulation 2025 gazetted

    Source: Hong Kong Government special administrative region – 4

         The Government published the Radiation (Control of Irradiating Apparatus) (Amendment) Regulation 2025 (Amendment Regulation) in the Gazette today (August 1) to give effect to the amendments on the occupational eye lens dose limit endorsed by the Radiation Board of Hong Kong (RBHK). The new limit will take effect on January 1, 2026.

         The Legislative Council approved on July 30 the Amendment Regulation made by the RBHK in accordance with the Radiation Ordinance (Cap. 303) upon stakeholder consultation, which lowers the occupational eye lens dose limit specified in the Radiation (Control of Irradiating Apparatus) Regulations (Cap. 303B) from 150 millisieverts in a year to 20 millisieverts in a year, averaged over defined periods of five years, with no single year exceeding 50 millisieverts.

         The technical amendment aims to align with the latest international standard recommended by the International Commission on Radiological Protection, with a view to better protecting practitioners from developing radiation-induced cataracts. The Radiation Health Division of the Department of Health has earlier introduced a monitoring service on occupational eye lens radiation doses for local practitioners to assist the industry in complying with the new limit.

         The RBHK is established under section 3 of the Radiation Ordinance to carry out functions in accordance with the provisions of the Ordinance and its subsidiary legislations, including the adoption of statutory dose limits for persons employed in radiation work.

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Communications Authority press release

    Source: Hong Kong Government special administrative region – 4

    The following is issued on behalf of the Communications Authority:
     
         This press release summarises the decisions of the Communications Authority (CA) following its 144th meeting held in July 2025.
     
    CA approves renewal application for non-domestic television programme service (non-domestic TV) licence from WarnerMedia Asia Pacific (HK) Limited
    ———————————————————————————————————–
     
         The CA approved the application from WarnerMedia Asia Pacific (HK) Limited for renewal of its non-domestic TV licence for 12 years, from October 1, 2025, to September 30, 2037 (both dates inclusive). Currently, there are nine non-domestic TV licensees providing around 150 satellite television programme channels for the Asia-Pacific region.
     
    CA accepts commitments offered by China Mobile Hong Kong Company Limited (CMHK) in relation to proposed acquisition of HKBN Ltd by CMHK
    ———————————————————————————————————-
     
         The CA announced today (August 1) its decision to accept the commitments offered by CMHK in relation to the proposed acquisition of HKBN Ltd by CMHK (Proposed Transaction), and not to commence an investigation under the Competition Ordinance (Cap. 619) (CO).
     
         CMHK announced the Proposed Transaction on December 2, 2024, which falls within the scope of the Merger Rule under the CO. After conducting a competition assessment of the Proposed Transaction, the CA identified a competition issue on fixed local access network that would likely arise from the Proposed Transaction, and communicated such concern to CMHK.
     
         In May 2025, CMHK offered a set of commitments to the CA to address the potential competition concern arising from the Proposed Transaction (Proposed Commitments). On May 29, 2025, the CA issued a notice inviting representations from the industry and interested parties regarding its intended acceptance of the Proposed Commitments. Among others, a concern about mobile backhauls was raised by the industry in their representations. In response, CMHK offered a set of revised commitments to the CA (Revised Commitments). Having carefully considered the representations received, the Revised Commitments offered by CMHK and all relevant information, the CA is satisfied that the Revised Commitments are sufficient to effectively address the potential competition concerns arising from the Proposed Transaction. Therefore, the CA has decided to accept the Revised Commitments and not to commence an investigation on the Proposed Transaction. For more details on the CA’s decision, please refer to the CA Statement released today.

    MIL OSI Asia Pacific News –

  • MIL-OSI: Dimensional Fund Advisors Ltd. : Form 8.3 – JUST GROUP PLC – Ordinary Shares

    Source: GlobeNewswire (MIL-OSI)

    FORM 8.3

    PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY
    A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE
    Rule 8.3 of the Takeover Code (the “Code”)

    1. KEY INFORMATION  
       
    (a) Full name of discloser: Dimensional Fund Advisors Ltd. in its capacity as investment advisor and on behalf its affiliates who are also investment advisors (”Dimensional”). Dimensional expressly disclaims beneficial ownership of the shares described in this form 8.3.  
    (b) Owner or controller of interests and short positions disclosed, if different from 1(a):
    The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named.    		    
    (c) Name of offeror/offeree in relation to whose relevant securities this form relates:
    Use a separate form for each offeror/offeree    		 Just Group PLC  
    (d) If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree:    
    (e) Date position held/dealing undertaken:
    For an opening position disclosure, state the latest practicable date prior to the disclosure    		 31 July 2025  
    (f) In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer?
    If it is a cash offer or possible cash offer, state “N/A”    		 N/a  
       
    2. POSITIONS OF THE PERSON MAKING THE DISCLOSURE  
       
    If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.  
    (a) Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any)  
       
    Class of relevant security: 10p ordinary (GB00BCRX1J15)  
      Interests Short Positions  
      Number % Number %  
    (1) Relevant securities owned and/or controlled: 24,959,558 2.40 %      
    (2) Cash-settled derivatives:          
    (3) Stock-settled derivatives (including options) and agreements to purchase/sell:          
      Total 24,959,558 * 2.40 %      
    * Dimensional Fund Advisors LP and/or its affiliates do not have discretion regarding voting decisions in respect of 51,686 shares that are included in the total above.  
       
    All interests and all short positions should be disclosed.

    Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

    		  
       
       
    (b) Rights to subscribe for new securities (including directors’ and other employee options)  
       
    Class of relevant security in relation to which subscription right exists:    
    Details, including nature of the rights concerned and relevant percentages:    
       
    3. DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE  
       
    Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.

    The currency of all prices and other monetary amounts should be stated.

    		  
    (a) Purchases and sales  
       
    Class of relevant security Purchase/sale Number of securities Price per unit  
             
    There was a Transfer In of 6,460 shares of 10p ordinary  
       
    (b) Cash-settled derivative transactions  
       
    Class of relevant security Product description e.g. CFD Nature of dealing e.g. opening/closing a long/short position, increasing/reducing a long/short position Number of reference securities Price per unit  
               
       
    (c) Stock-settled derivative transactions (including options)
     
    (i) Writing, selling, purchasing or varying
     
    Class of relevant security Product description e.g. call option Writing, purchasing, selling, varying etc. Number of securities to which option relates Exercise price per unit Type e.g. American, European etc. Expiry date Option money paid/ received per unit
                   
       
    (ii) Exercise  
       
    Class of relevant security Product description e.g. call option Exercising/ exercised against Number of securities Exercise price per unit  
               
       
    (d) Other dealings (including subscribing for new securities)  
                 
    Class of relevant security Nature of dealing e.g. subscription, conversion Details Price per unit (if applicable)  
             
       
    4. OTHER INFORMATION  
       
    (a) Indemnity and other dealing arrangements  
       
    Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the person making the disclosure and any party to the offer or any person acting in concert with a party to the offer:
    Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state “none”    		  
    None  
       
    (b) Agreements, arrangements or understandings relating to options or derivatives  
       
    Details of any agreement, arrangement or understanding, formal or informal, between the person making the disclosure and any other person relating to:
    (i) the voting rights of any relevant securities under any option; or
    (ii) the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced:
    If there are no such agreements, arrangements or understandings, state “none”    		  
    None  
       
    (c) Attachments  
       
    Is a Supplemental Form 8 (Open Positions) attached? NO  
       
    Date of disclosure 01 August 2025  
    Contact name Thomas Hone  
    Telephone number +44 20 3033 3419  
       

    Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.

    The Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s disclosure requirements on +44 (0)20 7638 0129.

    The Code can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk.

    The MIL Network –

  • MIL-OSI Africa: Comment by United Nation (UN) Human Rights Office spokesperson Thameen Al-Kheetan on deaths during protests in Angola

    Source: APO


    .

    Authorities in Angola must carry out prompt, thorough and independent investigations into the deaths of at least 22 people, as well as associated human rights violations, during protests this week against an increase in fuel prices.

    According to official reports, more than 1,000 people have been detained. Unverified footage suggests that security forces used live ammunition and tear gas to disperse protesters, which points to an unnecessary and disproportionate use of force.

    We note that some of those protesting resorted to violence and that a number of individuals reportedly took advantage of the unrest to commit criminal acts, including looting shops, as well as vandalising property in multiple locations in the capital, Luanda.

    We call on the Angolan authorities to refrain from resorting to unnecessary or disproportionate use of force to maintain public order, and to guarantee the full enjoyment of the rights to life, freedom of expression, peaceful assembly and association.

    Any individuals who may have been arbitrarily detained must be immediately released. All protesters taking to the streets to express their opinions should do so peacefully. All human rights violations must be investigated and those responsible held accountable.

    Distributed by APO Group on behalf of United Nations: Office of the High Commissioner for Human Rights (OHCHR).

    MIL OSI Africa –

  • MIL-OSI Africa: Parliament Approves land sublease for Kabale University expansion

    Source: APO


    .

    Parliament has approved a motion allowing Kabale Regional Referral Hospital sublease five acres of land to Kabale University, clearing the way for the university to expand its Faculty of Medicine.

    The Minister of Health, Ruth Aceng presented the proposal during the plenary sitting of Thursday, 31 July 2025.

    Kabale University made the request in August 2022.

    The university aims to build new teaching and medical facilities, including specialized clinics, patient wards, lecture halls and operating rooms.

    Aceng said the move is a major boost for medical training and healthcare in southwestern Uganda noting that Kabale Regional Referral Hospital serves over 2.4 million people, including patients from Rwanda.

    “This is more than just a land deal, it is an investment in better healthcare, stronger medical education and growth for the Kigezi sub-region and beyond,” Aceng said.

    She noted that the expansion will help the university train more doctors and nurses for the region, addressing a critical shortage of healthcare workers in districts like Kabale, Kanungu, Ntungamo, Kisoro and Rukungiri.

    Currently Kabale University’s medical school operates out of run-down hospital building that is set for demolition.  Aceng emphasised that the sublease will allow the university to create a modern medical school and teaching hospital.

    “This will improve training, enhance research, and bring better healthcare closer to the communities that need it most,” she said.

    The Koboko Municipality MP, Hon. Charles Ayume said the motion was timely considering the state of the Medical school and its symbiotic relationship with the Regional Referral Hospital.

    “A Medical school and hospital have a symbiotic relationship where they all benefit. The University does the teaching but the hospital benefits from extra services of lecturers and students during their training,” said Ayume adding that, “We had queried the type of doctors that will come from that dilapidated building”.

    Tororo District Woman MP, Hon. Sarah Opendi asked fellow legislators to look into the status of Regional Referral Hospitals across the country, saying most are performing way below the capacity of a regional referral hospital.

    “Kabale Regional Referral Hospital is challenged in terms of space and infrastructure, it remains a 100 bed capacity hospital which is below the requirement of a regional referral hospital,” Opendi said.

    She noted that most of the regional referral hospitals are understaffed between 25 to 30 percent staffing level, praying that it should be addressed in the next budget cycle.

    Distributed by APO Group on behalf of Parliament of the Republic of Uganda.

    MIL OSI Africa –

  • MIL-OSI USA: Flood Survivors in Four More Counties May Apply for Federal Assistance

    Source: US Federal Emergency Management Agency

    Headline: Flood Survivors in Four More Counties May Apply for Federal Assistance

    Flood Survivors in Four More Counties May Apply for Federal Assistance

    AUSTIN, Texas – Homeowners and renters in Guadalupe, Kimble, McCulloch and Menard counties are now eligible to apply for federal disaster assistance if you were affected by the Central Texas flooding in July

    FEMA, the State of Texas and the U

    S

    Small Business Administration may be able to help with serious disaster-related needs, temporary lodging, basic home repair costs, personal property loss and disaster loans

    Previously, Burnet, Kerr, San Saba, Tom Green, Travis and Williamson counties were designated for FEMA assistance, meaning survivors with losses in those counties could apply even if they do not live in the county or in Texas

    A total of 10 counties are now designated for federal assistance under the major presidential disaster declaration for the July 2-18 severe storms and flooding in Central Texas

    Survivors with homeowners’, renters’ and flood insurance are encouraged to file a claim with their insurance carrier as soon as possible

    By law, FEMA cannot provide funding for losses covered by your insurance

    If your policy does not cover all disaster expenses, you may be eligible for federal assistance

    FEMA works closely with the Small Business Administration, which provides low-interest disaster loans for homeowners, renters, nonprofit organizations and businesses of all sizes

    You have until Thursday, Sept

    4, to apply for FEMA disaster assistance, which is not the same as reporting your damage to the state

    Reporting disaster damage to the Texas Division of Emergency Management at damage

    tdem

    texas

    gov helps officials connect you with resources and services

    The fastest way to apply to FEMA is online at DisasterAssistance

    gov

    You may also use the FEMA mobile app or call the FEMA Helpline at 800-621-3362

    Lines are open from 6 a

    m

    to 10 p

    m

    CT daily

    If you use a relay service, captioned telephone or other service, you can give FEMA your number for that service

    Helpline specialists speak many languages

    Press 2 for Spanish

    To apply online or to download an SBA application, go to SBA

    gov/disaster

    You may also call SBA’s Customer Service Center at 800-659-2955 or email DisasterCustomerService@sba

    gov

     The deadline to apply for an SBA physical disaster loan is also Thursday, Sept

    4

    The last day to apply for an SBA economic injury loan is April 6, 2026

    You may also visit any Disaster Recovery Center to receive in-person assistance

    To find one close to you, use your ZIP code to search FEMA

    gov/DRC

    To view an accessible video, visit What You Need to Know Before Applying for FEMA Assistance

    For the latest information about the Texas recovery, visit fema

    gov/disaster/4879

    Follow FEMA Region 6 on social media at x

    com/FEMARegion6 and at facebook

    com/FEMARegion6
    toan

    nguyen
    Thu, 07/31/2025 – 15:35

    MIL OSI USA News –

  • MIL-OSI USA: Migrant Crossings at the Darien Gap Continue to Plummet, Crossings Are Down 99.98%

    Source: US Federal Emergency Management Agency

    Headline: Migrant Crossings at the Darien Gap Continue to Plummet, Crossings Are Down 99

    98%

    lass=”text-align-center”>In May, only 13 crossings were recorded—June dropped further to just 10
    WASHINGTON – Today, the U

    S

    Department of Homeland Security (DHS) announced migrant crossings at the Darien Gap have dropped 99

    98% for the months of May and June 2025 compared to a peak under the Biden Administration in August 2023

      
    Under the Biden Administration, crossings in a single month exceeded 82,000

    In May 2025, there were only 13 crossings and the number fell again in June 2025 to just 10

    This is a massive decline in illegal migration through one of the key channels normally utilized by would-be illegal aliens to invade our country

      
    “The dangerous Darien Gap trek is notorious for exposing migrants, including children and the most vulnerable, to sexual abuse, trafficking, and exploitation,” said Assistant Secretary Tricia McLaughlin

    “In Panama’s Darien Gap, migrants are now turning BACK before they even reach our border— only 10 migrants crossed in June

    This is more than a 99

    98% drop from the Biden high when 82,000 illegal aliens crossed in a single month

     The world is hearing our message that America’s borders are closed to lawbreakers

     Thanks to President Trump and Secretary Noem, we have the most secure border in American history

    ” 
    With the most secure border in American history, DHS is focused on deporting those who break our nation’s laws

    If you are here illegally, use the CBP Home App to take control of your departure and receive financial support to return home

    Illegal aliens who use the CBP Home App to self-deport also receive cost-free travel and a $1,000 exit bonus, paid after their return is confirmed through the app

     
    ###

    MIL OSI USA News –

  • MIL-OSI USA: News Release – DOH Urges Residents With Electric Medical Devices to Prepare for Potential Power Outages

    Source: US State of Hawaii

    News Release – DOH Urges Residents With Electric Medical Devices to Prepare for Potential Power Outages

    Posted on Jul 31, 2025 in Latest Department News, Newsroom

     

     

     

    STATE OF HAWAIʻI

    KA MOKU ʻĀINA O HAWAIʻI

     

    JOSH GREEN, M.D.
    GOVERNOR

    KE KIA‘ĀINA

     

    DEPARTMENT OF HEALTH

    KA ʻOIHANA OLAKINO

    KENNETH S. FINK, M.D., MGA, MPH
    DIRECTOR

    KA LUNA HO‘OKELE

    DOH URGES RESIDENTS WITH ELECTRIC MEDICAL DEVICES TO PREPARE FOR POTENTIAL POWER OUTAGES DURING RED FLAG WARNING

    25-086

    FOR IMMEDIATE RELEASE

    July 31, 2025

    HONOLULU — The Hawaiʻi Department of Health (DOH) is encouraging residents who rely on electric- or battery-powered medical devices to prepare for potential power outages. A Red Flag Warning is in effect until 6 p.m. Friday, Aug. 1, due to heightened wildfire risk, underscoring the importance of power outage preparedness.

    Households with a member who depends on electricity for medical needs are urged to speak with their health care provider about backup options and planning. Families should review and update their emergency plans, including the possibility of temporarily relocating if adequate backup power is not available.

    The Pacific ADA Center offers a helpful emergency preparedness checklist, available here.

    Hawaiian Electric (HECO) may implement Public Safety Power Shutoffs (PSPS) in high-risk areas to prevent wildfires. Residents in Honolulu, Maui and Hawaiʻi counties who use powered medical devices should review HECO’s PSPS preparedness recommendations:

    • Check if your residence is in a designated PSPS area.
    • Sign up for emergency outage alerts.
    • Complete a Medical Needs Communication Form.
    • Contact HECO’s customer service for help:
      • Oʻahu: 808-548-7311
      • Maui: 808-871-9777
      • Molokaʻi and Lānaʻi: 877-871-8461
      • Hilo: 808-969-6999
      • Kona: 808-329-3584
      • Waimea: 808-885-4605
    • Kauai Residents: Contact KIUC at 808-246-4300
    • If you have a smartphone, download the HECO app and enable notifications.

    All households are encouraged to visit www.preparenowhawaii.org for emergency preparedness tips and resources to support health and safety. For questions about electrical service, please contact your utility provider directly.

    #  #  #

    Media Contact:

    Adam LeFebvre
    Information Specialist
    Hawai‘i State Department of Health
    Phone: 808-586-4439
    Email: [email protected]

    MIL OSI USA News –

  • MIL-OSI USA: As Trump defunds federal firefighting, California steps up: introducing the world’s largest helicopter firefighting fleet

    Source: US State of California 2

    Jul 31, 2025

    What you need to know: California has completed a multi-year effort to modernize its aerial firefighting fleet, with the final delivery of two state-of-the-art Fire Hawk helicopters arriving in Sacramento – bringing CAL FIRE’s Fire Hawk fleet to a total of 16 stationed throughout the state.

    SACRAMENTO – In stark contrast to the Trump administration’s cuts to public safety and emergency response, California continues to ramp up its firefighting arsenal: the state now has the largest civilian helicopter firefighting fleet in the world.

    Governor Gavin Newsom today announced a monumental achievement in CAL FIRE’s ongoing commitment to protecting California, as the final two of sixteen Sikorsky S-70i Fire Hawk helicopters arrived at McClellan Airfield in Sacramento. This arrival completes a multi-year transition that significantly upgrades the department’s aerial firefighting capabilities. This year also marks the full conversion of all ten CAL FIRE Helitack bases from the Vietnam-era Huey UH-1H helicopters to the state-of-the-art Fire Hawk. It’s a full circle moment on an effort that the Governor initiated at the beginning of his first term. 

    This comprehensive modernization effort, which began with the first base receiving a Fire Hawk in 2020, represents a substantial statewide initiative and a long-term investment in the safety and protection of California’s communities, property, and natural landscapes.

    Our fleet of Fire Hawk helicopters – now the largest in the world – is a proven tool in our growing firefighting arsenal. During the devastating Los Angeles fires, we saw them in action, conducting critical missions at night which stopped the Palisades Fire from dipping into Mandeville Canyon and toward the 405 freeway. Hundreds of homes were saved because of these state-of-the-art helicopters and their heroic pilots.

    With the Trump Administration pulling back on federal firefighting, California continues to step up to protect our communities.

    Governor Gavin Newsom

    Earlier this month, the Governor sent a model executive order to the White House for the President to issue to help the federal government match California’s efforts and better manage its forestlands, which make up 57% of California’s forests (compared to just 3% managed by the state). 

    This comes amid the Trump administration’s dangerous cuts to the U.S. Forest Service, which also threatens the safety of communities across the state. The U.S. Forest Service has lost 10% of all positions and 25% of positions outside of direct wildfire response – both of which are likely to impact wildfire response this year. Just last week, the Trump administration proposed a massive reorganization that would shutter the Pacific Regional Forest Service office and other regional Forest Service offices across the West, compounding staff cuts and voluntary resignations across the agency.

    The world’s largest aerial firefighting fleet – just got even bigger

    The new Fire Hawk helicopters add to the largest aerial firefighting fleet in the world. Governor Newsom recently announced that the state’s second C-130 Hercules airtanker is ready for firefighting operations. 

    CAL FIRE’s history with helicopters in firefighting dates back to the 1960s, when the Department first utilized choppers for reconnaissance and transport. Their versatility and ability to operate in challenging terrain led to their adoption for fire suppression in support of ground crews. 

    “The completion of our S-70i Fire Hawk fleet and the transition of all Helitack bases is thanks to the dedication of the entire CAL FIRE aviation program,” said CAL FIRE Chief and Director Joe Tyler. “This is about equipping our firefighters with the most advanced tools available to respond to the increasing complexities of wildland fires.”

    In the 1980s, CAL FIRE began its helicopter fleet with the Bell Huey, and for over four decades, the Huey has been the workhorse of the CAL FIRE Helitack program.

    The impacts of the transition to the purpose-built S-70i Fire Hawk, which began in 2018, are significant:

    • Increased water-dropping capacity: The Fire Hawk can carry nearly three times as much water as its predecessors (1000 gallons), allowing for more effective and immediate suppression efforts.
    • Enhanced night operations: Outfitted for night operations, the Fire Hawk extends CAL FIRE’s ability to fight fires around the clock, a critical advantage in containing rapidly spreading incidents. This capability proved valuable in January when CAL FIRE responded to the Palisades Fire. Multiple CAL FIRE helicopters, and partner agency aircraft, conducted crucial night operations in the Mandeville Canyon area, dropping over 375,000 gallons of water. Operating at low altitudes under night vision goggles (NVG) and navigating complex terrain and hazards such as high-tension power lines, flight crews were instrumental in halting the fire’s advance toward residential neighborhoods. Had the fire breached Mandeville Canyon, projections indicated a rapid spread toward the 405 Freeway corridor, putting hundreds of homes at risk. The combined nighttime and daylight operations ultimately prevented structural loss and showcased the value of CAL FIRE’s modernized aerial fleet and highly trained personnel in defending high-risk urban interface zones. CAL FIRE flew its first night mission with the Fire Hawk in 2022 in response to the Electra Fire.
    • Expanded crew and capabilities: With the capacity for more crew and an external permanently affixed hoist, the Fire Hawk provides greater flexibility for personnel deployment and rescue operations.
    • Improved flight safety: These state-of-the-art helicopters offer a greater degree of safety for firefighters and the community.

    Governor Newsom receives a demo of a CAL FIRE Fire Hawk simulator.

    California’s unprecedented wildfire readiness 

    As part of the state’s ongoing investment in wildfire resilience and emergency response, CAL FIRE has significantly expanded its workforce over the past five years by adding an average of 1,800 full-time and 600 seasonal positions annually – nearly double that of the previous administration. Over the next four years and beyond, CAL FIRE will be hiring thousands of additional firefighters, natural resource professionals, and support personnel to meet the state’s growing demands.

    In recent months, the Governor has announced millions of dollars in investments to protect communities from wildfire – with $135 million available for new and ongoing prevention projects and $72 million going out the door to projects across the state. This is part of over $5 billion the Newsom administration, in collaboration with the legislature, has invested in wildfire and forest resilience since 2019. Additionally, 54 new vegetation management projects spanning nearly 12,000 acres have already been fast-tracked to approval under the streamlined process provided by the Governor’s March 2025 state of emergency proclamation.

    This builds on consecutive years of intensive and focused work by California to confront the severe ongoing risk of catastrophic wildfires. New, bold moves to streamline state-level regulatory processes builds long-term efforts already underway in California to increase wildfire response and forest management in the face of a hotter, drier climate.

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    MIL OSI USA News –

  • MIL-OSI USA: JULY 31, 2025-2025-011_NEWS RELEASE-HIEMA ALERTS PUBLIC TO RED FLAG WARNING-EXTREME FIRE DANGER CONDITIONS EXIST

    Source: US State of Hawaii

    JULY 31, 2025-2025-011_NEWS RELEASE-HIEMA ALERTS PUBLIC TO RED FLAG WARNING-EXTREME FIRE DANGER CONDITIONS EXIST

    Posted on Jul 31, 2025 in Latest Department News, Newsroom

    STATE OF HAWAIʻI

    KA MOKU ʻĀINA O HAWAIʻI

     

    JOSH GREEN, M.D.

    GOVERNOR

    KE KIAʻĀINA

     

    DEPARTMENT OF DEFENSE

    KA ʻOIHANA PILI KAUA

     

    MAJOR GENERAL STEPHEN F. LOGAN

    DIRECTOR OF EMERGENCY MANAGEMENT
    LUNA HOʻOMALU PŌULIA

    HAWAIʻI EMERGENCY MANAGEMENT AGENCY

    KEʻENA HOʻOMALU PŌULIA O HAWAIʻI

    JAMES DS. BARROS

    ADMINISTRATOR OF EMERGENCY MANAGEMENT
    KAHU HOʻOMALU PŌULIA

     

     

    HIEMA ALERTS PUBLIC TO RED FLAG WARNING: EXTREME FIRE DANGER CONDITIONS EXIST

     

    FOR IMMEDIATE RELEASE                                                                                                                                                                                                                                                                                                                                                                                                         2025-011

    July 31, 2025

    HONOLULU — The Hawaiʻi Emergency Management Agency (HIEMA) is alerting the public that the National Weather Service (NWS) has issued a Red Flag Warning for portions of the state. The Red Flag Warning is in effect until 6:00 p.m. Friday, August 1. This warning signals that critical fire weather conditions — strong winds, low humidity and dry fuels — are creating an extreme wildfire risk.

    “We cannot afford to be careless when conditions are this dangerous,” said Governor Josh Green, M.D.. “Nearly all of Hawaiʻi’s wildfires are started by human activity, which means nearly all of them are preventable. Every person in our state — residents and visitors alike – has a role to play in reducing the risk. Please take this warning seriously, avoid activities that can spark fires and do your part to keep our communities and ‘ohana safe.”

    “Red Flag Warnings are a serious call to action,” said James Barros, HIEMA Administrator. “A single spark can have devastating consequences. It is everyone’s kuleana — our shared responsibility — to prevent ignition and protect our communities.”

     

    Human-caused ignitions remain the primary threat

    Nearly 99 % of wildfires in Hawaiʻi are caused by human activity, including careless disposal of cigarette butts, unattended campfires, “hot work” such as welding that uses machinery causing sparks, burning of yard waste, and sparks along roadways and powerline corridors (dlnr.hawaii.gov). Individual actions make the difference.

     

    Fuel loads and climate conditions drive fire severity

    Non-native, fire-prone grasses and shrubs cover more than 25 % of Hawaiʻi’s landscape, creating “fine fuels” that can spread fire rapidly and unpredictably (hwmo.org). Combined with warming, drier conditions, Hawaiʻi’s fire season is effectively year-round, with about 0.5 % of state land burning each year — among the highest proportions in the nation.

     

    Resource challenges and community preparedness

    The Department of Land and Natural Resources Division of Forestry and Wildlife (DOFAW) manages fire response across nearly 60% of Hawaiʻi’s lands, but constrained personnel and equipment make wildfire mitigation and suppression challenging. This year’s state budget included additional staffing and funding for fire mitigation, as well as approval to reduce fuels on state lands not maintained by DOFAW.

    Residents and visitors can also help protect their homes and communities by:

    • Clearing defensible space: Remove dry vegetation and combustible materials from around structures.
    • Avoiding activities that can start fires: Do not burn debris, discard cigarettes, or use open flames outdoors.

     

    • Maintaining property: Clear gutters, trim fire-prone vegetation and secure loose items.
    • Being evacuation-ready: Know at least two ways out of your neighborhood and have an emergency kit prepared.

    Infrastructure and evacuation challenges

    HIEMA continues to work with partnering agencies and counties, utilizing modernized alert systems and enhanced public safety during fast-moving fire events.

    “Wildfire preparedness is everyone’s kuleana — from individual homeowners and landowners to public land managers, large agricultural operations and even visitors,” said State Fire Marshal Dori Booth. “We must all work together to build a safer, more resilient Hawaiʻi.”

    For real-time updates on weather conditions and warnings, visit the National Weather Service at www.weather.gov/hfo and follow HIEMA on X (formerly Twitter) at @Hawaii_EMA. For more information on wildfire conditions and preparedness, visit https://dod.hawaii.gov/hiema/wildfire/.

    # # #

    Contact:

    1. Kīelekū Amundson

    Communications Director

    Phone: 808-733-4300 Ext 522

    Email: [email protected]

    MIL OSI USA News –

  • Ancient pre-Hispanic grave unearthed under residential Lima street

    Source: Government of India

    Source: Government of India (4)

    Human remains pointing to a 1,000-year-old pre-Hispanic cemetery were unearthed in northern Lima by workers digging under the Peruvian capital to install a gas pipeline, an archaeologist told Reuters on Thursday.

    The tomb was found on a residential street just two meters (6.6 feet) from the front gate of a house.

    Jose Pablo Aliaga, an archaeologist for gas distribution firm Calidda, said the remains of a man wrapped in burial cloths alongside pottery likely pointed to a burial complex, after another body was found nearby last month.

    “The material evidence suggests that it could be a burial of the Chancay culture, from approximately 1,000 to 1,200 years ago,” said Aliaga, pointing to a coastal fishing-based civilization known for its textiles and ceramics.

    “We are probably over a pre-Hispanic cemetery, as we found another burial just around the corner from here,” he added.

    It is common for companies excavating under Lima to hire archaeologists due to the number of sites scattered in the city.

    Last month, Calidda gas workers working in the same district of Puente Piedra discovered the remains of a mummified woman, which researchers estimate are over 900 years old.

    Peru’s 10 million-strong capital hosts over 400 archaeological sites dotted around the city. Calidda has itself reported over 2,200 archaeological discoveries in the last two decades, most of them traced back to the Chancay culture.

    The South American nation is home to hundreds of archaeological sites, including the Inca citadel of Machu Picchu in the Andean region of Cusco, and the ancient Nazca lines carved into the coastal desert of its Ica region.

    (Reuters)

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

    Source: GlobeNewswire (MIL-OSI)

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

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

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

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

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

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

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

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

    Security and Compliance Features

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

    Tokenomics and Governance

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

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

    Conclusion

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

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

    More Information

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

    Contact
    LYNO AI
    contact@lyno.ai

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

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

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

    The MIL Network –

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

    Source: GlobeNewswire (MIL-OSI)

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

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

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

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

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

    The MIL Network –

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

    Source: GlobeNewswire (MIL-OSI)

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

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

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

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

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

    Operational Update

    The following table presents Adjusted EBITDA by segment:

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

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

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

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

    The following table presents Adjusted EFO4 by segment:

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

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

    Strategic Initiatives

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

    Liquidity

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

    Distribution

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

    Additional Information

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

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

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

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

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

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

    For more information, please contact:

    Conference Call and Quarterly Earnings Webcast Details

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

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

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

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

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

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

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

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

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

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

    Brookfield Business Corporation Reports Second Quarter 2025 Results
     

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

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

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

    Dividend

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

    Additional Information

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

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

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

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


    Cautionary Statement Regarding Forward-looking Statements and Information

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

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

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

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

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

    Cautionary Statement Regarding the Use of a Non-IFRS Measure

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

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

    The MIL Network –

  • MIL-OSI USA: Amo Hosts Press Call About Skyrocketing Costs and Decimation of Social Safety Net During Trump’s First Six Months

    Source: US Congressman Gabe Amo (Rhode Island 1st District)

    Congressman Amo joined local press to highlight how Trump’s chaotic tariffs, Big, Ugly law, and illegal withholding of federal funds is hurting Rhode Islanders.

    Providence, RI – Today, Congressman Gabe Amo (D-RI) hosted a press call with Rhode Island news outlets highlighting President Donald Trump’s terrible track record of delivering for the Ocean State. 

    “I’ve been working aggressively over the last six months to fight Trump’s betrayal of Rhode Islanders,” said Congressman Gabe Amo (D-RI). “Time and time again, Trump and Congressional Republicans have broken promises. Costs are skyrocketing, they’re stripping 47,000 Rhode Islanders of health care, gutting disaster response, and imposing erratic tariffs – making it impossible for small Rhode Island manufacturers to hire and compete. I’ve voted against their disastrous agenda, signed amicus briefs to stop these illegal actions in the courts, agitated at protests in DC and Rhode Island, and will continue to fight Trump’s treachery every step of the way.”

    Video of the full press call can be found here. 

    Background

    Congressman Amo will spend the month of August, while Congress is not in session, meeting with Rhode Islanders to learn how they are being impacted by Trump’s treachery.

    Today, he joined primary care providers at East Bay Community Action Program to discuss the impact of Medicaid and Medicare cuts on their ability to serve Rhode Islanders. 

    On July 26, 2025 Amo joined Accessibility is Beautiful to celebrate the 35th Anniversary of the Americans with Disabilities Act (ADA) and highlight the importance of Medicaid to disabled Americans. 

    On May 20, 2026, he joined the Congressional Black Caucus on the lawn of the U.S. Capitol to highlight the disproportionate harm Trump’s cuts will have on Black and Brown communities. 

    On March 28, 2025 Amo visited Woonsocket Head Start and met the littlest Rhode Islanders whose families may be impacted by cuts to SNAP and Medicaid. 

    On March 18, 2025, with Senators Jack Reed and Sheldon Whitehouse and Congressman Seth Magaziner, Amo met with providers at Butler Hospital in Providence to raise the alarm about the impact of Medicaid cuts to Rhode Islanders seeking behavioral and mental health care.

    On March 17, 2025, Amo met with emergency food providers at the Rhode Island Food Bank and the MLK Center to discuss the harm SNAP cuts will have on hungry Rhode Island families.

    On March 10, 2025, Amo stood with Senator Sheldon Whitehouse and Congressman Seth Magaziner calling out the harms of Medicaid cuts to the 45% of new moms and babies in Rhode Island covered by the program. 

    ###

    MIL OSI USA News –

  • PM National Dialysis Programme expanded to 751 districts across India

    Source: Government of India

    Source: Government of India (4)

    The Government of India has significantly expanded the reach of the Pradhan Mantri National Dialysis Programme (PMNDP), with the initiative now operational across all 36 States and Union Territories, covering 751 districts. As of June 30, a total of 1,704 dialysis centres are functional under the programme.

    The information was shared by Union Minister of State for Health and Family Welfare, Prataprao Jadhav, in a written reply in the Lok Sabha today.

    The PMNDP is being implemented under the National Health Mission (NHM) to provide free dialysis services to patients suffering from end-stage kidney failure. The programme supports both Haemodialysis and Peritoneal Dialysis services. According to the Ministry, the rollout and expansion of dialysis services are based on gap assessments conducted by States and UTs as part of their annual Programme Implementation Plans.

    Initially, the Government recommended the setting up of haemodialysis centres in all district hospitals. Based on local requirements, States have been encouraged to scale down the facilities to Community Health Centres (CHCs) at the taluka level, especially in remote and tribal regions.

    The NHM provides financial assistance to States and UTs for establishing and operating dialysis centres to ensure equitable access to kidney care services for all, regardless of geography.

  • MIL-OSI: NANO Nuclear Selected for Inclusion in the Solactive Global Uranium & Nuclear Components Total Return Index, Qualifying It for Inclusion in the Prominent Global X Uranium ETF (“URA”)

    Source: GlobeNewswire (MIL-OSI)

    With over $4 billion in net assets, the Global X Uranium ETF is the world’s preeminent ETF providing investors broad exposure to companies involved in uranium mining and the production of nuclear components

    New York, N.Y., Aug. 01, 2025 (GLOBE NEWSWIRE) — NANO Nuclear Energy Inc. (NASDAQ: NNE) (“NANO Nuclear” or “the Company”), a leading advanced nuclear energy and technology company focused on developing clean energy solutions, today announced that it has been selected for inclusion in the Solactive Global Uranium & Nuclear Components Total Return Index, following the Index’s semiannual review and subsequent rebalancing.

    Effective as of August 1, 2025, NANO Nuclear’s common stock will be included in the Solactive Global Uranium & Nuclear Components Total Return Index, an Index of Solactive AG which tracks the price movements in shares of companies that have (or are expected to have) exposure to the uranium industry. This particularly includes uranium mining, exploration, uranium investments and technologies (such as NANO Nuclear’s micro modular nuclear reactors under development) related to the uranium industry

    The Solactive Global Uranium & Nuclear Components Total Return Index serves as a benchmark for exchange-traded funds (or ETFs) and other investment products, with NANO Nuclear’s inclusion reflecting its growing presence in the global nuclear energy and uranium supply chain.

    As a result of this addition, NANO Nuclear’s common stock now qualifies for inclusion in the prominent Global X Uranium ETF (ticker “URA”), with approximately $4 billion in net assets, which passively tracks the Solactive Global Uranium & Nuclear Components Total Return Index. Notably, the Global X Uranium ETF is the world’s preeminent ETF providing investors broad exposure to companies involved in uranium mining and the production of nuclear components.

    Figure 1 – NANO Nuclear Energy Inc. Selected for inclusion in the Solactive Global Uranium & Nuclear Components Total Return Index, qualifying it for inclusion in the prominent Global X Uranium ETF (“URA”)

    “Our team has executed well on our stated strategic priorities, strengthening our market position and building collaborations that support our long‑term growth and valuation,” said Jay Yu, Founder and Chairman of NANO Nuclear. “Inclusion in Solactive’s Global Uranium & Nuclear Components Total Return Index and the Global X Uranium ETF marks these achievements and is another positive step in our trajectory, highlighting our expanding role in the global nuclear energy industry. It is a testament to the hard work being done by our team to steadily grow our company, advance our technologies, and deliver value to our shareholders both now and in the future.”

    “This is an important milestone for NANO Nuclear, and we are proud to be included in Solactive’s coverage of the nuclear and uranium industry,” said James Walker, Chief Executive Officer of NANO Nuclear. “We continue to take proactive steps to advance NANO Nuclear’s various development programs and initiatives and create shareholder value. This inclusion increases our visibility in the public markets and connects us with investors who are interested in this growing sector. We look forward to leveraging this exposure as we continue to grow and progress our business plans.”

    About NANO Nuclear Energy, Inc.

    NANO Nuclear Energy Inc. (NASDAQ: NNE) is an advanced technology-driven nuclear energy company seeking to become a commercially focused, diversified, and vertically integrated company across five business lines: (i) cutting edge portable and other microreactor technologies, (ii) nuclear fuel fabrication, (iii) nuclear fuel transportation, (iv) nuclear applications for space and (v) nuclear industry consulting services. NANO Nuclear believes it is the first portable nuclear microreactor company to be listed publicly in the U.S.

    Led by a world-class nuclear engineering team, NANO Nuclear’s reactor products in development include patented KRONOS MMR™Energy System, a stationary high-temperature gas-cooled reactor that is in construction permit pre-application engagement U.S. Nuclear Regulatory Commission (NRC) in collaboration with University of Illinois Urbana-Champaign (U. of I.), “ZEUS”, a solid core battery reactor, and “ODIN”, a low-pressure coolant reactor, and the space focused, portable LOKI MMR™, each representing advanced developments in clean energy solutions that are portable, on-demand capable, advanced nuclear microreactors.

    Advanced Fuel Transportation Inc. (AFT), a NANO Nuclear subsidiary, is led by former executives from the largest transportation company in the world aiming to build a North American transportation company that will provide commercial quantities of HALEU fuel to small modular reactors, microreactor companies, national laboratories, military, and DOE programs. Through NANO Nuclear, AFT is the exclusive licensee of a patented high-capacity HALEU fuel transportation basket developed by three major U.S. national nuclear laboratories and funded by the Department of Energy. Assuming development and commercialization, AFT is expected to form part of the only vertically integrated nuclear fuel business of its kind in North America.

    HALEU Energy Fuel Inc. (HEF), a NANO Nuclear subsidiary, is focusing on the future development of a domestic source for a High-Assay, Low-Enriched Uranium (HALEU) fuel fabrication pipeline for NANO Nuclear’s own microreactors as well as the broader advanced nuclear reactor industry.

    NANO Nuclear Space Inc. (NNS), a NANO Nuclear subsidiary, is exploring the potential commercial applications of NANO Nuclear’s developing micronuclear reactor technology in space. NNS is focusing on applications such as the LOKI MMR™ system and other power systems for extraterrestrial projects and human sustaining environments, and potentially propulsion technology for long haul space missions. NNS’ initial focus will be on cis-lunar applications, referring to uses in the space region extending from Earth to the area surrounding the Moon’s surface.

    For more corporate information please visit: https://NanoNuclearEnergy.com/

    For further NANO Nuclear information, please contact:

    Email: IR@NANONuclearEnergy.com
    Business Tel: (212) 634-9206

    PLEASE FOLLOW OUR SOCIAL MEDIA PAGES HERE:

    NANO Nuclear Energy LINKEDIN
    NANO Nuclear Energy YOUTUBE
    NANO Nuclear Energy X PLATFORM

    Cautionary Note Regarding Forward Looking Statements

    This news release and statements of NANO Nuclear’s management in connection with this news release contain or may contain “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. In this context, forward-looking statements mean statements related to future events, which may impact our expected future business and financial performance, and often contain words such as “expects”, “anticipates”, “intends”, “plans”, “believes”, “potential”, “will”, “should”, “could”, “would” or “may” and other words of similar meaning. In this press release, forward-looking statements relate to the anticipated benefits of NANO Nuclear’s inclusion in the index and ETF described herein and its plans and goals generally. These and other forward-looking statements are based on information available to us as of the date of this news release and represent management’s current views and assumptions. Forward-looking statements are not guarantees of future performance, events or results and involve significant known and unknown risks, uncertainties and other factors, which may be beyond our control. For NANO Nuclear, particular risks and uncertainties that could cause our actual future results to differ materially from those expressed in our forward-looking statements include but are not limited to the following: (i) risks related to our U.S. Department of Energy (“DOE”) or related state or non-U.S. nuclear licensing submissions, (ii) risks related the development of new or advanced technology and the acquisition of complimentary technology or businesses, including difficulties with design and testing, cost overruns, regulatory delays, integration issues and the development of competitive technology, (iii) our ability to obtain contracts and funding to be able to continue operations, (iv) risks related to uncertainty regarding our ability to technologically develop and commercially deploy a competitive advanced nuclear reactor or other technology in the timelines we anticipate, if ever, (v) risks related to the impact of U.S. and non-U.S. government regulation, policies and licensing requirements, including by the DOE and the U.S. Nuclear Regulatory Commission, including those associated with the recently enacted ADVANCE Act and the May 23, 2025 Executive Orders seeking to streamline nuclear regulation, and (vi) similar risks and uncertainties associated with the operating an early stage business a highly regulated and rapidly evolving industry. Readers are cautioned not to place undue reliance on these forward-looking statements, which apply only as of the date of this news release. These factors may not constitute all factors that could cause actual results to differ from those discussed in any forward-looking statement, and NANO Nuclear therefore encourages investors to review other factors that may affect future results in its filings with the SEC, which are available for review at www.sec.gov and at https://ir.nanonuclearenergy.com/financial-information/sec-filings. Accordingly, forward-looking statements should not be relied upon as a predictor of actual results. We do not undertake to update our forward-looking statements to reflect events or circumstances that may arise after the date of this news release, except as required by law.

    Attachment

    The MIL Network –

  • MIL-OSI: OTC Markets Group Welcomes Apex Critical Metals Corp. to OTCQX

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Aug. 01, 2025 (GLOBE NEWSWIRE) — OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for trading 12,000 U.S. and international securities, today announced Apex Critical Metals Corp. (CSE: APXC; OTCQX: APXCF), a Canadian exploration company, has qualified to trade on the OTCQX® Best Market. Apex Critical Metals Corp. upgraded to OTCQX from the OTCQB® Venture Market.

    Apex Critical Metals Corp. begins trading today on OTCQX under the symbol “APXCF.” U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.

    The OTCQX Market is designed for established, investor-focused U.S. and international companies. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance, and demonstrate compliance with applicable securities laws. Graduating to the OTCQX Market from the OTCQB Market marks an important milestone for companies, enabling them to demonstrate their qualifications and build visibility among U.S. investors.

    “Graduating to the OTCQX Market marks another important step forward in our mission to build a leading North American explorer focused on critical metals,” stated Sean Charland, CEO of Apex Critical Metals. “This upgrade reflects the financial strength of our company, our commitment to transparent disclosure, and our intention to engage a broader base of U.S. investors as we continue to advance our rare earth and niobium-focused projects.”

    About Apex Critical Metals Corp.
    Apex Critical Metals Corp. is a Canadian exploration company specializing in the acquisition and development of properties prospective for carbonatites and alkaline rocks with potential to host economic concentrations of rare earth elements (REE’s), niobium, gold and copper mineralization. Apex’s Cap property located 85 kilometres northeast of Prince George, B.C., spans 25 square kilometres and hosts a recently identified promising 1.8-kilometre niobium trend. The Company’s Bianco carbonatite project encompasses 3,735 hectares covering a large carbonatite complex within an area known for significant niobium mineralization in northwestern Ontario. The company’s Lac Le Moyne project covers 4,025 hectares located in Northeastern Quebec, and hosts underexplored carbonatite outcrops originally mapped by government geologists in the 1970’s. By acquiring a multitude of carbonatite projects, Apex Critical Metals intends to investigate potential high-value opportunities to meet the growing global demand of specialty metals across various industries. Apex Critical is publicly listed in Canada on the Canadian Securities Exchange (CSE) under the symbol APXC, in the United States on the OTCQX market under the symbol APXCF, and in Germany on the Borse Frankfurt under the symbol KL9 and/or WKN: A40CCQ. Find out more at www.apexcriticalmetals.com where you can subscribe for News Alerts, watch our Video, or follow us on Facebook, X.com or LinkedIn.

    About OTC Markets Group Inc.
    OTC Markets Group Inc. (OTCQX: OTCM) operates regulated markets for trading 12,000 U.S. and international securities. Our data-driven disclosure standards form the foundation of our public markets: OTCQX® Best Market, OTCQB® Venture Market, OTCID™ Basic Market and Pink Limited™ Market. Our OTC Link® Alternative Trading Systems (ATSs) provide critical market infrastructure that broker-dealers rely on to facilitate trading. Our innovative model offers companies more efficient access to the U.S. financial markets.

    OTC Link ATS, OTC Link ECN, OTC Link NQB, and MOON ATS™ are each SEC regulated ATS, operated by OTC Link LLC, a FINRA and SEC registered broker-dealer, member SIPC. To learn more about how we create better informed and more efficient markets, visit www.otcmarkets.com.

    Media Contact:
    OTC Markets Group Inc., +1 (212) 896-4428, media@otcmarkets.com

    The MIL Network –

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

    Source: GlobeNewswire (MIL-OSI)

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

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

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

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

    Second Quarter 2025 Highlights

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

    Second Quarter 2025 Operational and Financial Highlights

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


    Segmented Financial Performance

    $ millions

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


    Key Business Developments

    Credit Facility Extension

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

    Divestiture of Poplar Hill

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

    Recontracting of Ontario Wind Facilities

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

    Normal Course Issuer Bid (NCIB)

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

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

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

    Conference call and webcast

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

    Second Quarter 2025 Conference Call

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

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

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

    Related Materials

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

    Notes

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

    Non-IFRS financial measures

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

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

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

    Adjusted EBITDA

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

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

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

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

    Adjusted Revenue

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

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

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

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

    Adjusted Fuel and Purchased Power

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

    Adjusted Gross Margin

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

    Adjusted OM&A

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

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

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

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

    Adjusted Net Other Operating Income

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

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

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

    Adjustments for Equity-Accounted Investments

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

    Adjusted Earnings (Loss) before income taxes

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

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

    Adjusted Net Earnings (Loss) attributable to common shareholders

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

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

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

    Funds From Operations (FFO)

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

    Free Cash Flow (FCF)

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

    Non-IFRS Ratios

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

    Net Interest Expense

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

    FFO per share and FCF per share

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

    Reconciliation of cash flow from operations to FFO and FCF

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

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

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

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

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

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

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

    About TransAlta Corporation:

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

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

    Cautionary Statement Regarding Forward-Looking Information

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

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

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

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

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

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

    For more information:

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

    The MIL Network –

  • India Post Payments Bank launches Aadhaar-based face authentication for digital transactions

    Source: Government of India

    Source: Government of India (4)

    The India Post Payments Bank (IPPB) on Friday announced the nationwide rollout of Aadhaar-based face authentication for customer transactions, a move aimed at enhancing ease of access and financial inclusion for the elderly, differently-abled and those facing biometric authentication issues.

    Developed under the framework of the Unique Identification Authority of India (UIDAI), the feature enables customers to carry out banking services using facial recognition, eliminating the need for physical biometrics like fingerprints or one-time passwords (OTPs).

    “This is not just a technological enhancement but a commitment to dignified and inclusive banking,” said IPPB Managing Director and CEO R Viswesvaran. “With Aadhaar-based face authentication, we are ensuring that no customer is left behind due to limitations in fingerprint or OTP-based verification.”

    The feature supports a range of services including account opening, balance inquiries, fund transfers, and utility payments. It is expected to make banking faster, contactless, and safer—especially during health emergencies where physical contact poses risks.

    The IPPB said the new authentication system aligns with the government’s Digital India and Financial Inclusion missions. Customers across rural and urban India will benefit, particularly those with worn-out fingerprints or limited access to smartphones.

    The bank, established in 2018 under the Department of Posts, Ministry of Communications, operates through a vast network of around 1.65 lakh post offices and over 3 lakh postal employees. Its digital model leverages India Stack technologies to offer paperless and presence-less banking services at the doorstep, serving over 11 crore customers across 5.57 lakh villages and towns.

  • MIL-OSI China: Xi, Nepali president exchange congratulations on 70th anniversary of ties

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

    Chinese President Xi Jinping and Nepali President Ram Chandra Poudel on Friday exchanged congratulations on the 70th anniversary of diplomatic relations between the two countries.

    Noting that China and Nepal are connected by mountains and rivers, and their friendly exchanges have a long history, Xi said that no matter how the international and regional situations change, the two countries have always respected each other, treated each other as equals, and engaged in mutually beneficial cooperation, setting a model for friendly relations between countries with different social systems and of different sizes.

    In recent years, China-Nepal relations have seen sound and stable development, and political mutual trust has grown ever stronger, said Xi, adding that the Belt and Road cooperation as well as cooperation in various fields have witnessed increasing expansion, and the strategic partnership of cooperation featuring ever-lasting friendship for development and prosperity between the two sides has been continuously deepened.

    Xi said that he attaches great importance to the development of China-Nepal relations, and is ready to work with Poudel to take the 70th anniversary of diplomatic ties as an opportunity to carry forward the traditional friendship, strengthen exchanges and cooperation in all fields, so as to better benefit the peoples of both countries, and contribute to regional peace and development.

    For his part, Poudel said that over the past 70 years since the establishment of diplomatic ties, the two countries have consistently upheld mutual trust, sovereign equality and peaceful coexistence, adding that their friendship has withstood the test of time.

    Noting that China is a trustworthy neighbor and development partner of Nepal, he said Nepal is grateful for China’s long-standing support for its development and for respecting Nepal’s sovereignty and independence.

    Nepal firmly adheres to the one-China principle and looks forward to working hand in hand with China to further deepen cooperation in various sectors, and realize the shared vision of peace, progress and prosperity, he added.

    MIL OSI China News –

  • MIL-OSI United Kingdom: Public invited to comment on Food Law secondary legislation01 August 2025 Islanders are invited to review and have their say on proposed secondary legislation under the Food Law, through a 10-week public consultation. The proposed legislation aims to protect the public health… Read more

    Source: Channel Islands – Jersey

    01 August 2025

    Islanders are invited to review and have their say on proposed secondary legislation under the Food Law, through a 10-week public consultation. 

    The proposed legislation aims to protect the public health of Islanders and visitors, ensuring that food sold, prepared and packaged in Jersey meets internationally recognised requirements, bringing Jersey in line with standards already in place in the UK and EU. 

    The secondary legislation focuses on three main areas: 

    • New licensing scheme for food businesses 
    • Food standards (including labelling and food allergens) 
    • Food hygiene and safety.

    Feedback gathered from the consultation will help to finalise the secondary legislation, which will then be presented to the States Assembly in early 2026. 

    If the secondary legislation is approved, the Food (Jersey) Law 2023 which was passed by the States in December 2022 can take effect. As the primary law has already been approved, the focus of this consultation is on the secondary legislation. 

    The labelling and food allergens area of the legislation introduces modern evidence-based requirements, following regulations in the EU and Natasha’s Law in the UK. The aim is to improve the information provided to consumers about food allergens present in food settings so that consumers can make safer, more informed choices. 

    Additionally, updated licensing arrangements are proposed which would be carried out on a risk-based framework, categorising food businesses based on the level of risk their activities potentially pose to customers. This approach would mean licensing fees more accurately reflect the time and resources spent by officers in inspecting and supporting food premises. 

    The closing date of the consultation is Thursday 9 October 2025. See the draft legislation and consultation survey here: Food (Jersey) Regulations 202-. 

    The Minister for the Environment, Deputy Steve Luce, said: “The Food (Jersey) Law 2023 is about improving food safety and consumer protection in Jersey. This proposed secondary legislation, if approved, will allow this law to come into force and will be a crucial step to ensuring Jersey’s food system is aligned with international standards. 

    “The law has been designed with proportionality in mind, and I want to reassure those with concerns that it is not intended to target occasional activities, like charity cake sales for example. This is ensuring high standards of food hygiene, safety and standards at every stage of the food chain – ​from the primary producer to the end consumer. Many food businesses are already making great efforts to do this, and the legislation will help ensure that everyone can enjoy food safely. 

    “I encourage Islanders, food businesses, and stakeholders to review the proposed legislation and share your thoughts. Your feedback will help inform the final legislation which will be brought to the States Assembly for approval early next year.” ​​

    MIL OSI United Kingdom –

  • President Murmu graces 45th convocation of IIT (ISM) Dhanbad, urges graduates to lead with compassion and innovation

    Source: Government of India

    Source: Government of India (4)

    President Droupadi Murmu attended the 45th convocation ceremony of the Indian Institute of Technology (Indian School of Mines), Dhanbad on Friday, commending the institute’s nearly century-long legacy and its contribution to national development through education, research, and innovation.

    Addressing the gathering, President Murmu lauded IIT (ISM) Dhanbad for its transformation from a premier institution in mining and geology to a multidisciplinary hub of higher learning and technological advancement. She noted that the institute has nurtured a strong academic ecosystem aligned with the needs and aspirations of society.

    “IIT (ISM) has an important role in the holistic development of the country. Beyond producing skilled engineers and researchers, it must foster professionals who are compassionate, sensitive, and purposeful,” she said.

    Highlighting the growing challenges facing the nation and the world—including climate change, resource scarcity, digital disruption, and social inequality – the President called for leadership from premier institutions like IIT-ISM in developing sustainable and innovative solutions.

    She also emphasized India’s potential to emerge as a technological superpower, driven by its vast human resources and the rapid spread of digital skills. “To harness the full potential of our youth, we must ensure our education system is practical, innovation-oriented, and aligned with industry needs,” she said.

    President Murmu underscored the importance of cultivating a “patent culture” alongside strengthening research, development, and start-up ecosystems. She advocated for an interdisciplinary approach in education to nurture holistic thinking and creativity among students.

    Urging graduates to go beyond personal success, the President called on them to use their knowledge for the greater public good. “Build a stronger and more just India—where progress is inclusive – and a greener India – where development respects the environment,” she said. “Let your actions reflect not just intelligence, but empathy, ethics, and excellence. Innovation driven by compassion is what truly transforms the world.”

  • MIL-OSI United Kingdom: CNC bids farewell to Hunterston after 20 years

    Source: United Kingdom – Government Statements

    News story

    CNC bids farewell to Hunterston after 20 years

    After providing continuous armed policing for the last 20 years, today (Fri 1 Aug 2025) the CNC officially ceased operations at Hunterston Nuclear Power Station

    Hunterston Nuclear Power Station

    Having successfully provided continuous armed policing for the last 20 years, today (Friday 1 August 2025) the Civil Nuclear Constabulary (CNC) officially ceased operations at Hunterston Nuclear Power Station in Ayrshire, Scotland.

    A carefully planned and managed cessation process has ensured that CNC officers and staff have been supported into redeployment, retirement or new roles at other organisations, while business as usual at the site remained unaffected.

    Chief Constable Simon Chesterman, showed his appreciation, saying:

    “I would like to thank all the CNC officers and staff who have worked hard to protect the Hunterston site over the past two decades. Their positive and professional outlook throughout those years has been exemplary.

    “This same professional approach has ensured the CNC maintained business as usual, providing high level armed policing as it always has done at the site, whilst simultaneously carrying out a complex cessation process with professionalism and commitment.

    “Many colleagues have supported the cessation process, and I would like to pay tribute to them for all the hard work which has gone on behind the scenes to make the cessation process a success.”  

    The cessation was the first the force has been part of since withdrawing from Wylfa, in Wales, in April 2016. The cessation process is part of the normal business cycle for licenced civil nuclear sites – once a nuclear power station ceases generation and defueling operations are concluded, the site security classification can be downgraded.

    The formal cessation process was carried out by the CNC in coordination with key partners, including EDF, the Office for Nuclear Regulation (ONR), the Department of Energy Security and Net Zero and the Nuclear Decommissioning Authority (NDA).  

    Updates to this page

    Published 1 August 2025

    MIL OSI United Kingdom –

  • MIL-OSI Russia: Marat Khusnullin visited the DPR on a working trip

    Translation. Region: Russian Federal

    Source: Government of the Russian Federation – Government of the Russian Federation –

    An important disclaimer is at the bottom of this article.

    Marat Khusnullin held a meeting on issues of socio-economic development of the DPR

    August 1, 2025

    Marat Khusnullin inspected the Portovik stadium in Mariupol

    August 1, 2025

    Working visit of Marat Khusnullin to the DPR. Opening of the court building in the Primorsky district of Mariupol

    August 1, 2025

    Marat Khusnullin’s working visit to the DPR. Checking the pace of work on the construction of a water pipeline to transfer water from the Pavlopil reservoir

    August 1, 2025

    Previous news Next news

    Marat Khusnullin held a meeting on issues of socio-economic development of the DPR

    Deputy Prime Minister Marat Khusnullin made a working visit to the Donetsk People’s Republic. In Mariupol, he inspected the Portovik stadium, a new residential complex and a renovated courthouse, and held a meeting on the socio-economic development of the region.

    “The judicial system, especially for the development of the reunited regions, is of utmost importance. Therefore, on the instructions of the President, we have made a separate program together with the Supreme Court. And so, step by step, we are repairing and putting in order all such facilities, in order to create conditions for the integration of Donbass and Novorossiya into the legal field of the country, including with the help of infrastructure,” said Marat Khusnullin.

    The stadium reconstruction is almost complete: the football fields, running tracks, sports grounds and tennis court have been updated, and the martial arts, volleyball and basketball halls have been renovated.

    The new residential complex, which was built under the supervision of specialists from the Unified Customer in Construction, has 182 apartments with interior decoration, installed plumbing and kitchen furniture. Residents will begin receiving keys to them in the near future.

    During a meeting on issues of socio-economic development of the region, the Deputy Prime Minister heard the construction, financial, industrial, and agricultural blocks.

    “I can note that the region has good volumes of housing construction, and we are approving a full-fledged program for roads until 2030. Tax revenues to the regional budget are also at a good level. We will use these funds for additional needs of the region. We also discussed the implementation of the program for capital repairs of houses and restoration of public infrastructure, which is also being carried out under the control of the Territorial Development Fund. We separately discussed the extensive work to stabilize the water supply of the republic,” the Deputy Prime Minister added.

    At the end of his working visit, Marat Khusnullin, together with the management of the PPC “Territorial Development Fund”, checked the progress of work at one of the most important water supply facilities under construction for the DPR.

    “The 17-kilometer water pipeline for transferring water from the Pavlopil reservoir, together with the second such facility – for transferring from Uglegorsk – should lead to the replenishment of almost 40% of the resource. I have instructed to reduce the launch time of the facility, to speed up the delivery of equipment. The issue of water shortage in the DPR is acute, a comprehensive approach is needed to solve this problem,” said Marat Khusnullin.

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

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    MIL OSI Russia News –

  • MIL-OSI Russia: Vitaly Savelyev presented awards to railway industry workers

    Translation. Region: Russian Federal

    Source: Government of the Russian Federation – Government of the Russian Federation –

    An important disclaimer is at the bottom of this article.

    Vitaly Savelyev took part in a conference call of Russian Railways

    August 1, 2025

    Vitaly Savelyev took part in a conference call of Russian Railways

    August 1, 2025

    Vitaly Savelyev took part in a conference call of Russian Railways

    August 1, 2025

    Vitaly Savelyev presented state and departmental awards to distinguished employees of Russian Railways

    August 1, 2025

    Previous news Next news

    Vitaly Savelyev took part in a conference call of Russian Railways

    Deputy Prime Minister Vitaly Savelyev took part in a conference call of Russian Railways dedicated to the upcoming Railway Worker’s Day (celebrated on August 3 in 2025) and presented state and departmental awards to distinguished employees of the company.

    Speaking to the participants of the meeting, the Deputy Prime Minister expressed respect and gratitude to the veteran railway workers and recalled that 154 railway workers became Heroes of the Soviet Union during the Great Patriotic War, and another 127 became Heroes of Socialist Labor. He also thanked all workers in the industry for their tireless work and loyalty to their work.

    “Professionalism, cohesion, unity and mutual assistance are passed on from generation to generation of railway workers. Today, when we are faced with large-scale tasks set by the President of the Russian Federation, these traditions and personal qualities will help us to adequately respond to any challenges and cope with the most difficult tasks,” noted Vitaly Savelyev.

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

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    MIL OSI Russia News –

  • MIL-OSI Russia: The procedure for obtaining licenses and permits has been optimized for businesses

    Translation. Region: Russian Federal

    Source: Ministry of Economic Development (Russia) – Ministry of Economic Development (Russia) –

    An important disclaimer is at the bottom of this article.

    Russian President Vladimir Putin signed a federal law that enshrines the reduction of the terms for issuing licenses and permits, as well as a reduction in the number of documents required to obtain them. The corresponding amendments to 69 federal laws were prepared by the Ministry of Economic Development of Russia on the instructions of Deputy Chairman and Chief of Staff of the Government Dmitry Grigorenko.

    The signed federal law is the result of four years of work to reduce the time it takes to issue licenses, permits and the number of required documents, to transfer permits to electronic form and to make other simplifications for businesses and citizens. At the same time, the optimization of those government services that have shown positive results and for which it has been possible to obtain confirmation in practice that permits can be issued in a shorter time frame and with a smaller package of documents for the applicant is being consolidated.

    The optimization affected a number of key economic areas that are most in demand by businesses and citizens. These include, in particular, permitting regimes in the areas of transport, construction, nature management and environmental protection, industrial safety, education, communications, tourism, accreditation of legal entities, and many others.

    The law also permanently establishes a number of tools that have made it possible to optimize the process of obtaining licenses and permits and which will now be constantly applied in practice. For example, a comprehensive application. With its help, you can apply for several permits at once by submitting one application on the Unified State Services Portal. By the end of 2025, it is planned to implement about 20 comprehensive applications on the portal.

    In addition, the mechanisms of interdepartmental information exchange are enshrined in law, when at the stage of preparing applications to the permitting agency on the Unified Public Services portal the necessary information is automatically pulled up. And also the proactive mode of operation of the Unified Public Services portal: the portal systems will remind businesses and citizens about the need to extend permits and automatically send a pre-filled application for their registration.

    The process of optimizing the issuance of licenses and permits has allowed us to reduce the number of requested documents and the time required to obtain permits by half on average. In the future, it is planned to adopt more than 250 by-laws to implement the provisions set forth in the federal law.

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

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    MIL OSI Russia News –

  • MIL-OSI Russia: Magadan Region will present a project on the contribution of Kolyma to the Victory in the Great Patriotic War at the Far East Street within the framework of the EEF

    Translation. Region: Russian Federal

    Source: Government of the Russian Federation – Government of the Russian Federation –

    An important disclaimer is at the bottom of this article.

    At the exhibition “Far East Street”, which will be held in Vladivostok from September 3 to 9 as part of the anniversary, tenth Eastern Economic Forum, Magadan Region will present its opportunities for the development of tourism and recreation – both already implemented and promising projects. The organizer of the exhibition is the Roscongress Foundation with the support of the office of the Plenipotentiary Representative of the President of Russia in the Far Eastern Federal District.

    “The Magadan region shows stable positive dynamics. The region is the “golden heart” of the Far East. The State Duma has adopted in the first reading a bill on the creation of an advanced development area in the region. The preferential regime will stimulate shipbuilding and ship repair, logistics, tourism and other industries. The economy provides an opportunity to develop the social sphere, and therefore, to qualitatively change people’s lives. On behalf of the President, the Magadan master plan is being actively implemented. You can see how the city is changing. Those who come to the region are greeted by a new beautiful airport. You can learn about how the Magadan region is changing, what plans it has for the future, what makes it attractive to investors and tourists at the “Far East Street” exhibition, so that after the EEF you can come and see with your own eyes the northern beauty of nature, get to know the responsive, brave and kind people living in Kolyma,” said Deputy Prime Minister – Presidential Plenipotentiary Envoy to the Far Eastern Federal District, Chairman of the Organizing Committee of the Eastern Economic Forum Yuri Trutnev.

    Guests of the pavilion will be able to get acquainted with the culture and life of the indigenous peoples of the North, and learn about the traditions and way of life that are preserved and developed in the region.

    “The Magadan Region is not only rich in mineral resources and industrial potential, but also unique nature, history, culture and character of the Kolyma people. At the EEF, we will show how the region is developing today and what it plans for the future. The focus is on the economy, tourism, social sphere, opportunities for investors and, of course, the traditions of indigenous peoples. All this is an integral part of our Kolyma,” said Magadan Region Governor Sergei Nosov.

    The concept of the Magadan Region pavilion is based on the economic, cultural and natural features of the region. The exposition consists of three zones: the main and small pavilions, as well as podiums with regional expositions.

    A three-meter copy of the sculpture “Time” will become a traditional component. The five-meter original – a mammoth by sculptor Yuri Rudenko – stands in Magadan on the shore of Nagaev Bay. The “skin” of the monument is covered with various metal parts – gears, bearings – and resembles a clock mechanism. On the podium in front of the pavilion there will be a screen on which films dedicated to the natural beauty of Kolyma will be shown, as part of the projects “Far East – Land of Adventure” and “Paths of the Far East”, as well as a stele with the name “Magadan Region”.

    The main site of the region consists of three zones. The first will introduce visitors to the achievements of the Magadan Region in the economic and social spheres over ten years, including projects implemented with the support of the Ministry for the Development of the Far East and the Arctic. The second will host a demonstration of bone-carving art products of the indigenous peoples of the North living in the region. At the site, you can take a selfie against the backdrop of a golden waterfall, symbolizing the main industry of the Magadan Region – the extraction of precious metals.

    The third zone is the space for the placement of a thematic block, introducing visitors to the tourist sites and routes of the region, including the Talaya sanatorium. Visitors will have the opportunity to get acquainted with the best examples of traditional culture and purchase the products they like.

    The small pavilion will introduce guests to the recently opened art space “Rynda” in Magadan, where you can buy re-esterified fish oil – omega-3, which is produced in the capital of Kolyma at the “Omega-Si” plant. The second zone will host an exhibition and sale of jewelry and souvenirs. The third space, “Kolyma – from Victory to Victory”, will introduce visitors to facts about the role of Kolyma in the Victory in the Great Patriotic War, as well as its contribution to ensuring the success of the country during the special military operation.

    In addition, the exposition of the Magadan Region will be complemented by an installation installed on the embankment, stylized as the Mayak Park, located in Nagaev Bay, created with the help of a single presidential subsidy. Various activities, games, master classes and karaoke are also planned for the pavilion guests.

    The 10th Eastern Economic Forum will be held on September 3–6 at the campus of the Far Eastern Federal University in Vladivostok. During these days, the exhibition will be available to forum participants, and on September 7, 8, and 9, it will be open to everyone. The EEF is organized by the Roscongress Foundation.

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

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    MIL OSI Russia News –

  • MIL-OSI Russia: Government sets new airspace class for drones

    Translation. Region: Russian Federal

    Source: Government of the Russian Federation – Government of the Russian Federation –

    An important disclaimer is at the bottom of this article.

    Resolution of July 31, 2025 No. 1133

    Document

    Resolution of July 31, 2025 No. 1133

    A new airspace class H (“h”) has appeared in Russia, intended for flights of unmanned aerial vehicles. The decree on introducing the corresponding changes to the Federal Rules for the Use of Russian Airspace was signed by Prime Minister Mikhail Mishustin. The adopted decision will create conditions for the further development of civil unmanned aviation and ensure flight safety.

    Russian President Vladimir Putin ordered the establishment of a separate airspace class to simplify the operations of unmanned aerial systems following a meeting on the development of unmanned aerial systems held on January 28, 2025. “H” became the fourth class in Russian airspace – until now it included classes A, C and G.

    Class H is established in the airspace from 0 to 150 m from the earth’s (water’s) surface and on routes specially designated for flights of unmanned aerial vehicles at altitudes below 3050 m.

    Information on flight routes for unmanned aerial systems and the conditions for their use will be published by Rosaviatsia.

    “Our country has become one of the few that has approved a separate class of airspace for drones,” said Deputy Prime Minister Vitaly Savelyev. “This is a truly important step that will improve the integration of unmanned aircraft systems into the airspace and simplify their operation in the context of the ever-growing demand for use in various industries.”

    According to Vitaly Savelyev, the large-scale work carried out by the Russian Ministry of Transport and Rosaviatsia on regulatory regulation of the industry will continue.

    “We are constantly analyzing the law enforcement practice of using unmanned aerial vehicles and are working on fine-tuning this area,” the Deputy Prime Minister emphasized.

    The signed document introduces changes toGovernment Resolution of March 11, 2010 No. 138.

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

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    MIL OSI Russia News –