Barbados News API

Supported Countries - 165

Afghanistan

Albania

Algeria

Angola

Argentina

Australia

Austria

Azerbaijan

Bahamas

Bahrain

Bangladesh

Barbados

Belarus

Belgium

Belize

Bermuda

Bhutan

Bolivia

Bosnia And Herzegovina

Botswana

Brazil

Brunei

Bulgaria

Cambodia

Cameroon

Canada

Cape Verde

Cayman Islands

Central African Republic

Chile

China

Colombia

Comoros

Congo

Costa Rica

Croatia

Cuba

Cyprus

Czech Republic

DR Congo

Denmark

Djibouti

Dominica

Dominican Republic

Ecuador

Egypt

El Salvador

Estonia

Ethiopia

Fiji

Finland

France

French Polynesia

Gabon

Georgia

Germany

Ghana

Greece

Guatemala

Guinea

Haiti

Honduras

Hong Kong

Hungary

Iceland

India

Indonesia

Iran

Iraq

Ireland

Israel

Italy

Ivory Coast

Jamaica

Japan

Jordan

Kazakhstan

Kenya

Kuwait

Kyrgyzstan

Laos

Latvia

Lebanon

Libya

Lithuania

Luxembourg

Macedonia

Madagascar

Malawi

Malaysia

Maldives

Mali

Malta

Marshall Islands

Mauritania

Mauritius

Mexico

Moldova

Monaco

Mongolia

Montenegro

Morocco

Mozambique

Myanmar

Namibia

Nepal

Netherland

New Zealand

Niger

Nigeria

North Korea

Norway

Oman

Pakistan

Palestine

Panama

Papua New Guinea

Paraguay

Peru

Philippines

Poland

Portugal

Puerto Rico

Qatar

Romania

Russia

Rwanda

Samoa

Saudi Arabia

Senegal

Serbia

Singapore

Slovakia

Slovenia

Solomon Islands

Somalia

South Africa

South Korea

Spain

Sri Lanka

Sudan

Sweden

Switzerland

Syria

Taiwan

Tajikistan

Tanzania

Thailand

Tonga

Tunisia

Turkey

Turkmenistan

Uganda

Ukraine

United Arab Emirates

United Kingdom

United States Of America

Uruguay

Uzbekistan

Vanuatu

Venezuela

Vietnam

Yemen

Zambia

Zimbabwe

Get headlines from Barbados with our JSON API.

🔑 Get API key for the Barbados News API

Country Parameter

The country paramter for the Barbados is BB.

Some example queries:

Below is the search query to fetch random 100 news-sources of Barbados.

https://newsdata.io/api/1/sources?country=bb&apikey=YOUR_API_KEY

Some of the well known sources

Live Example

This example demonstrates the HTTP request to make, and the JSON response you will receive, when you use the News API to get headlines from Barbados.

Headlines from Barbados

https://newsdata.io/api/1/latest?country=bb&apikey=YOUR_API_KEY

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      {
      • "article_id": "3cb57808ccc8a3229e192c0f86b24240",
      • "title": "Breeze Airways Expands Network To Fort Lauderdale & Salisbury As It Adds 21 New Routes",
      • "link": "https://simpleflying.com/breeze-airways-expands-network-fort-lauderdale-salisbury-21-new-routes/",
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        "keywords": [
        • "new routes",
        • "breeze airways",
        • "airlines",
        • "united states"
        ],
      • -
        "creator": [
        • "Gaurav Joshi"
        ],
      • "description": "These routes will start in the fall season.",
      • "content": "As a relatively new airline, Breeze Airways has expanded its footprint into the United States quite rapidly. The carrier keeps updating its network to add low-competition routes that offer decent potential in terms of passenger demand. As part of its expansion plans, Breeze has announced more than 21 new routes, 17 of which are nonstop, and the addition of two new cities to its route map. These services will begin this fall, and Breeze is offering attractive promotional fares to attract passengers. 21 New Routes This Fall Breeze airways has announced that it is adding 21 new routes to its network this fall. This includes 17 nonstop services and four one-stop/no-plane change “BreezeThru” routes. These services also include two new destinations – Fort Lauderdale, Florida, and Salisbury, Maryland. Additionally, the carrier is bringing back several previously operated routes as well as frequency increases. The two new cities added to its network will offer three new routes. Flights from Fort Lauderdale will be offered to Akron-Canton, Ohio, starting November 5 with a $59 one-way promotional fare. Fort Lauderdale will also be connected with Wilmington, North Carolina, starting November 7, with a $39 one-way promotional fare. From Salisbury, Breeze will start flying to Orlando, Florida, beginning October 1, again with a $59 one-way promotional fare. David Neeleman, Breeze Airways’ founder and CEO, commented, “After adding an astounding 29 new cities to our network last year and announcing seven new cities so far this year, Breeze is quickly becoming one of the fastest growing airlines in the industry. This growth is thanks to the incredible demand travelers have for our service and is evidence of the value our Guests experience when flying with Breeze. We look forward to bringing that value to more communities across the nation as we continue to grow.” Other Routes Akron-Canton Airport (CAK) in Ohio will see the biggest addition of flights from the latest announcement, with a total of six services. These include the above-mentioned flight to Fort Lauderdale in addition to Daytona Beach, Florida (starting September 3), Jacksonville, Florida (starting September 4), West Palm Beach, Florida (starting September 3), Wilmington, North Carolina (starting November 7), and Key West, Florida (starting October 2). Wilmington, North Carolina, too, will see many services from Breeze this fall. Apart from the above-mentioned connections to Fort Lauderdale and Akron-Canton Airport, Wilmington will see flights to Long Island-Islip, New York (starting October 2), Orlando, Florida (starting in September), and Tampa, Florida (starting October 2). Some other routes that will be added later this year include Pensacola, Florida to Bentonville-Fayetteville, Arkansas and Memphis, Tennessee; Raleigh-Durham, North Carolina to Key West, Florida and Manchester, New Hampshire; Savannah, Georgia to New Orleans, Louisiana; and Rochester, New York to Tampa, Florida and Myrtle Beach, South Carolina, among others. The full list can be accessed from Breeze Airways’ official website . Of course, to operate an ever-expanding network, Breeze relies on a fleet of 40+ aircraft, most of which are Airbus A220s, along with a few Embraer jets. As per ch-aviation , Breeze Airways has the following planes in its fleet: Aircraft type Active Inactive Total Airbus A220-300 35 1 36 Embraer ERJ 190-100AR 7 3 10 Embraer ERJ 190-200LR 1 2 3 Spirit Airlines operates the youngest fleet. Long-term Expansion Goals Breeze is also looking to expand its offerings on Essential Air Service (EAS) routes. It received its first EAS contract in September 2024 and recently bid on three more contracts to provide subsidized services from three airports in the country. These include connecting Mid-Ohio Valley Regional Airport (PKB), Shenandoah Valley Airport (SHD), or Greenbrier Valley Airport (LWB) with Raleigh–Durham International Airport (RDU), situated less than 500 km (310.6 mi; 269.9 NMI) from all three airports. The airline’s larger plan for the next few years is to serve over 150 cities by 2030 , making substantial inroads into underserved regions in the United States. Currently, Breeze Airways operates more than 275 year-round and seasonal routes to 72 cities in 32 states.",
      • "pubDate": "2025-05-08 05:22:55",
      • "pubDateTZ": "UTC",
      • "image_url": "https://static1.simpleflyingimages.com/wordpress/wp-content/uploads/2025/05/breeze-airways-a220-in-mobile-usa_gd-breeze-01-02.jpg",
      • "video_url": null,
      • "source_id": "simpleflying",
      • "source_name": "Simple Flying",
      • "source_priority": 3378,
      • "source_url": "https://simpleflying.com",
      • "source_icon": "https://i.bytvi.com/domain_icons/simpleflying.png",
      • "language": "english",
      • -
        "country": [
        • "honduras",
        • "united states of america",
        • "el salvador",
        • "jamaica",
        • "canada",
        • "haiti",
        • "barbados",
        • "mexico",
        • "dominica",
        • "nicaragua",
        • "cuba",
        • "bahamas",
        • "belize",
        • "grenada",
        • "dominican republic",
        • "costa rica",
        • "trinidad and tobago",
        • "saint lucia",
        • "panama",
        • "guatemala"
        ],
      • -
        "category": [
        • "world"
        ],
      • "sentiment": "positive",
      • -
        "sentiment_stats": {},
      • -
        "ai_tag": [
        • "supply chain and logistics"
        ],
      • -
        "ai_region": [
        • "fort lauderdale,florida,united states of america,north america",
        • "salisbury,missouri,united states of america,north america",
        • "salisbury,new york,united states of america,north america",
        • "salisbury,saint joseph parish,dominica,north america",
        • "salisbury,new hampshire,united states of america,north america",
        • "salisbury,vermont,united states of america,north america",
        • "salisbury,new brunswick,canada,north america",
        • "salisbury,maryland,united states of america,north america",
        • "salisbury,north carolina,united states of america,north america",
        • "salisbury,massachusetts,united states of america,north america"
        ],
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        "ai_org": [
        • "breeze airways"
        ],
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      {},
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      {
      • "article_id": "fab4311f9ff5803e47fe9ac8844a638f",
      • "title": "Klein Vision Unveils Production Prototype Of The Aircar",
      • "link": "https://menafn.com/1109522098/Klein-Vision-Unveils-Production-Prototype-Of-The-Aircar",
      • "keywords": null,
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        "creator": [
        • "marketing@menafn.com (MENAFN)"
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      • "description": "(MENAFN - PR Newswire)AirCar inventor and designer Stefan Klein unveiled the production prototype to a crowd of industry leaders at the gala where Klein was honored with the Special ...",
      • "content": "( MENAFN - PR Newswire)AirCar inventor and designer Stefan Klein unveiled the production prototype to a crowd of industry leaders at the gala where Klein was honored with the Special Recognition Award for Engineering Excellence . The award celebrates his contribution to aviation innovation and his groundbreaking achievements in the emerging field of personal air mobility. The production prototype was brought to life in a powerful short documentary that traced his 35-year journey across five generations of flying car innovation - a story of dreams taking flight. The Living Legends of Aviation is an exclusive group composed of industry leaders, aviation pioneers, record-breakers, astronauts, entrepreneurs, and innovators who have made extraordinary contributions to aviation and aerospace. The organization honors individuals whose achievements have significantly advanced flight, exploration, and personal air mobility. This year's gala was hosted by John Travolta and Morgan Freeman as Masters of Ceremonies, with distinguished guests including legendary astronaut Buzz Aldrin and Prince Harry , who took part in a special ceremony honoring pilot firefighters for their heroic efforts in battling the recent Los Angeles wildfires. The AirCar , which already holds a Certificate of Airworthiness , has successfully completed over 170 flight hours and more than 500 takeoffs and landings . This revolutionary vehicle is capable of automatic transformation from car to aircraft in less than two minutes , blending advanced aerodynamics, composite structures, and a new 280-horsepower engine. \"Receiving this recognition from the Living Legends of Aviation is a tremendous honor and a humbling milestone,\" said Stefan Klein, founder of Klein Vision. \"The AirCar fulfills a lifelong dream to bring the freedom of flight into the hands of everyday people. With the launch of our production prototype, we are one step closer to transforming how the world moves - merging the road and the sky into a new dimension of personal mobility.\" Todd Douglas Miller , Emmy Award-winning director of the documentary Apollo 11, who attended the gala, said: \"From the cockpit of another aircraft, I watched the AirCar in flight. Stefan Klein and Klein Vision have turned the impossible into reality, merging dreams and science fiction into something breathtakingly real.\" Last year, James May , host of Top Gear , visited Klein Vision and witnessed the AirCar in action at an international airport in Slovakia, he said: \"The AirCar has landed. Very rarely am I lost for words, but I am lost for words!\" AirCar co-founder Anton Zajac said: \"The AirCar is a fusion of certified aviation engineering and advanced automotive design - a true dual-mode vehicle that meets rigorous standards in both air and ground performance. With global air mobility projected to reach $162 billion by 2034 and growing at over 50% CAGR, we believe the production prototype we are unveiling this year positions Klein Vision at the forefront of this transformation. Stefan Klein's recent recognition at the Living Legends of Aviation Gala affirms the technological and visionary leadership behind our work. We're not just witnessing the future of transportation - we're engineering it.\" Click here to watch a video on the award and prototype: more information, visit href=\"\" rel=\"nofollow\" target=\"_blank\" . Photo - SOURCE Klein Vision MENAFN08052025003732001241ID1109522098 Legal Disclaimer: MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.",
      • "pubDate": "2025-05-08 03:00:58",
      • "pubDateTZ": "UTC",
      • "image_url": "https://menafn.com/updates/pr/2025-05/08/PN_23784image_story.jpg",
      • "video_url": null,
      • "source_id": "menafn",
      • "source_name": "Menafn",
      • "source_priority": 1117534,
      • "source_url": "https://menafn.com",
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      • "language": "english",
      • -
        "country": [
        • "honduras",
        • "united states of america",
        • "el salvador",
        • "jamaica",
        • "canada",
        • "haiti",
        • "barbados",
        • "mexico",
        • "argentina",
        • "netherland",
        • "cayman islands",
        • "nicaragua",
        • "colombia",
        • "brazil",
        • "cuba",
        • "bahamas",
        • "belize",
        • "grenada",
        • "venezuela",
        • "peru",
        • "guyana",
        • "suriname",
        • "chile",
        • "ecuador",
        • "puerto rico",
        • "dominican republic",
        • "costa rica",
        • "bolivia",
        • "paraguay",
        • "panama",
        • "guatemala",
        • "uruguay"
        ],
      • -
        "category": [
        • "top"
        ],
      • "sentiment": "neutral",
      • -
        "sentiment_stats": {},
      • -
        "ai_tag": [
        • "automotive"
        ],
      • "ai_region": null,
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        "ai_org": [
        • "aircar",
        • "pr newswire",
        • "menafn"
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      • "duplicate": true
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      {
      • "article_id": "62c8bb87ce183b3d25dc88e81c0f887c",
      • "title": "CORRECTION: Enefit Green Interim Report For Q1 2025",
      • "link": "https://menafn.com/1109522090/CORRECTION-Enefit-Green-Interim-Report-For-Q1-2025",
      • "keywords": null,
      • -
        "creator": [
        • "marketing@menafn.com (MENAFN)"
        ],
      • "description": "(MENAFN - GlobeNewsWire - Nasdaq) CORRECTION: The previous notification \"Enefit Green interim report for Q1 2025\" (English version) included erroneous versions of attachments (English pdf ...",
      • "content": "( MENAFN - GlobeNewsWire - Nasdaq) CORRECTION: The previous notification \"Enefit Green interim report for Q1 2025\" (English version) included erroneous versions of attachments (English pdf version of the report itself and accompanying presentation). Please disregard previous notification and use the corrected attachments in this notification. Corrected version follows below. Enefit Green interim report for Q1 2025 In Q1 2025, the Enefit Green group's operating income decreased by 3% while operating expenses (excl. D&A) increased by 35% compared to Q1 2024. As a result, EBITDA fell by 27% to €31.0m and net profit for the period decreased by €11.8m to €21.7m. (earnings per share €0.082). Juhan Aguraiuja, CEO of Enefit Green comments: \" In the first quarter, we produced 617 GWh of electricity, which is 25% more than a year earlier, and 105 GWh of thermal energy, which is 19% less. Although electricity production increased, the overall result for the quarter was affected by exceptionally low wind speeds in February. The decrease in thermal energy production was related to the sale of the biomass-based cogeneration and pellet business, which took place at the end of 2023 and the beginning of 2024. Despite the increase in regional electricity prices in the Baltics and Poland, Enefit Green's implied captured electricity price remained a third lower than last year, which reduced operating income and EBITDA. The main reason was the deepening of the wind discount – a large part of the production fell at a time when electricity prices on the market were very low. Digital solutions allow us to flexibly adapt production and avoid unprofitable sales. Long-term electricity contracts (PPAs) also help to ensure a more stable and predictable revenue base in a volatile market situation. In Lithuania, active construction activities continued at the Kelmė II wind farm, where the erection of wind turbines has begun. In Poland, we made final investment decision to build the Strzałkowo solar farm. The projected annual production of the farm amounts to 45 GWh and 75% of the production is covered by a 15-year indexed contract for difference (CfD), which helps to mitigate price risks and ensure stable cash flow. The changed market situation requires us to be flexible in managing investments as well as developing our business model. We focus on increasing the return on invested capital and thereby increasing the value of the company.\" Webinar to present the results of Q1 2025 Today, 8 May 2025 at 13.00 EET Enefit Green will host a Webinar in English to present and discuss its Q1 2025 results. To participate, please follow this link . Significant events Final investment decision to construct 45 MW Strzalkowo solar farm in Poland Starting partnership with Sumitomo Corporation to develop Liivi offshore wind farm Eesti Energia's voluntary takeover bid to the shareholders of Enefit Green Key figures Q1 2025 Q1 2024 Change Change % PRODUCTION AND SALES VOLUMES Electricity production 617 494 123 25% incl. new wind and solar farms 343 168 175 104% incl. assets sold 0 4 -4 -100% Electricity sales 763 627 136 22% Heat energy production 105 129 -24 -19% incl. assets sold 0 21 -21 -100% OPERATING INCOME, m€ 66.9 68.9 -2.0 -3% Sales revenue 62.4 56.2 6.3 11% Renewable energy support and other income 4.4 12.7 -8.3 -65% EBITDA, m€ 31.0 42.4 -11.4 -27% NET PROFIT, m€ 21.7 33.4 -11.8 -35% EPS, € 0.082 0.127 -0.045 -35% Revenue and other operating income The group's Q1 electricity production increased by 123 GWh (+25%) to 617 GWh. The figure includes the production from new wind and solar farms completed and under construction, which increased by 175 GWh year on year. Heat production decreased by 24 GWh (-19%). The decrease in heat production was mainly due to the assets sold in Q1 2024. Operating income for Q1 2025 decreased by €2.0m compared to the same period last year – revenue increased by €6.3m and renewable energy support and other operating income decreased by Operating income from continuing business grew by €6.0m as relevant revenue grew by €8.3m and other operating income declined by Revenue from the continuing business grew by driven by electricity revenue, which grew by €6.7m due to higher electricity production (+127 GWh, +26%). In Q1 2025, the average electricity price* in the group's core markets was €107.4/MWh (Q1 2024: €87.0/MWh) and the group's average implied captured electricity price** was €54.5/MWh (Q1 2024: €81.4/MWh). The implied captured electricity price differs from the average market price in the group's core markets, because it takes into account long-term fixed-price power purchase agreements (PPAs), renewable energy support, purchases of balancing energy, electricity purchases from the Nord Pool day-ahead and intraday markets, and the fact that the renewable energy generation profile differs significantly from the base load profile. The group's average price of electricity supplied to the market in Q1 2025 was €74.6/MWh (Q1 2024: €77.6/MWh). The amount of electricity supplied to the market in Q1 2025 was 330 GWh compared with 292 GWh a year earlier. In Q1 2025, 433 GWh of the group's electricity production was covered by PPAs at an average price of €65.2/MWh. In Q1 2024, 335 GWh of electricity was supplied under PPAs at an average price of €75.0/MWh. The amount of electricity sold under PPAs has increased, but the average price of that electricity has decreased compared to the same period last year because the supply periods under the PPAs signed at lower prices started in July 2024. In Q1 2025, we purchased 178 GWh of electricity from the market at an average price of €123.4/MWh, compared with 137 GWh at an average price of €106.1/MWh in Q1 2024. The volume of electricity purchases increased (+41 GWh) due to both higher purchases for PPAs (+31 GWh) and growth in production volume, which increased the volume of other purchases (+10 GWh). The volume of electricity purchased to meet PPA obligations in Q1 2025 was also higher than expected because wind power production in the period was low due to calm weather, but the volume of electricity sold under PPAs has increased. The realised purchase price increased compared to Q1 2024 in line with the rise in market prices, but the price of electricity sold to the market declined due to higher wind discounts. Enefit Green's wind discounts in Estonia and Lithuania were similar to the market level, increasing by 5.4 and 8.7 percentage points year on year in Estonia and Lithuania, respectively. The low correlation of production with other Finnish wind farms and the curtailment of generation capacity during periods of excessively low electricity prices helped Enefit Green to significantly reduce its Finnish wind energy discount compared to the market average. Heat revenue from the continuing business grew by €1.2m to The rise in heat revenue was due to an increase in the heat price of €11.6/MWh compared to the same period last year, while heat production from the continuing business decreased by 3 GWh to 105 GWh (Q1 2024: 108 GWh). Other operating income from the continuing business decreased by €2.4m to €4.4m (Q1 2024: Renewable energy support for the continuing business decreased by €2.0m to The renewable energy support is linked to the amount of electricity produced by eligible wind and solar farms in Estonia, the Iru CHP plant and solar farms in Poland. The renewable energy support received for eligible generation assets located in Estonia decreased by The support received by the Iru CHP plant decreased by €1.2m and the support received by the Estonian wind farms decreased by €1.0m compared to Q1 2024. In addition to the market price of electricity, in Q1 2024 the Iru CHP plant received renewable energy support of €53.7/MWh for electricity produced from renewable sources and efficient cogeneration support of €32/MWh for electricity produced from non-renewable sources in an efficient cogeneration mode. The payment of support to the Iru CHP plant was terminated early from the beginning of 2025 in connection with the entry into force of section 59 subsection 1 clause 2 point 8 of the Electricity Market Act. In December 2025, an amendment to the act was initiated according to which the payment of support to the Iru CHP plant will be resumed until the end of the support period specified in the original conditions for eligibility for support. The eligibility period for the Purtse wind farm started in Q2 2024, which increased the amount of support received by €0.6m year on year, and the eligibility period for the Aseriaru wind farm ended in October 2024, which reduced the support received in Q1 2025 by €0.9m year on year. EBITDA The decrease in the price of electricity sold reduced EBITDA for Q1 2025 by €7.4m compared to Q1 2024. Due to the increase in production volume, the amount of electricity sold grew significantly, improving EBITDA by €10.4m year on year. As the volume of electricity sold under PPAs has also increased significantly, the volume of electricity purchased to balance the electricity portfolio increased, reducing EBITDA by €1.4m year on year, and the increase in the market price of electricity purchased had an additional negative impact on EBITDA The overall effect of these items on EBITDA was influenced by both the volume and profile of electricity generation during the periood. The impact of the assets sold on EBITDA was negative at The Iru CHP plant, excluding fixed costs and the impacts of electricity price and volume, increased EBITDA by The figure reflects the effects of heat energy, gate fees for the reception of waste and technological fuel (mainly natural gas). The results of the Iru CHP plant are described in more detail in the chapter on the Cogeneration segment. The increase in the fixed costs of the continuing business reduced EBITDA by €1.9m compared the same period last year, including an increase of €0.6m in research and consulting expenses, an increase of €0.5m in the maintenance and repair costs of production assets and an increase of €0.3m in insurance costs due to an increase in insurance coverage and the addition of insurance for assets under construction. Net profit Q1 2025 net profit decreased by 35% y-o-y to The decrease was driven by decrease of EBITDA and increase of depreciation of fixed assets of continuing business. Capital Expenditures The group's investments in Q1 2025 amounted to €67.1m less than in Q1 2024. The decrease came from development investments, which totalled Of this, €24.6m was invested in the construction of three wind farms: €6.8m in the Sopi-Tootsi wind farm and €17.8m in the Kelmė I and II wind farms (€3.1m and respectively). The estimated cost of completing the assets under construction is €100m, most of which is required for the completion of the Kelmė II wind farm and the Strzałkowo solar farm. Financing At 31 March 2025, the amortised cost of the group's interest-bearing liabilities was €734.0m (31 December 2024: Loan liabilities to banks accounted for €724.4m of the total, including an outstanding loan balance of €5.7m denominated in Polish zloty. In Q1 2025, Enefit Green drew down bank loans of €20m. No new loan agreements were signed during the debt/EBITDA ratio stood at 6.2 at the end of Q3 2024 (30 June 2024: 5.5). The increase is explained by large volume of development projects under construction. The interest rate risk of investment loans with the total outstanding balance of €137.2m has been hedged with interest rate swaps, which fix the interest rates of the loans in the range of 1.049–1.125% (plus the margin) until the loans mature. The average interest rate of bank loans drawn down at 31 March 2025 was 3.72% (31 December 2024: 3.90%). Loans raised but not drawn down at 31 March 2025 totalled €195m, the figure consisting of investment loans of €165m and revolving credit facilities of €30m. Condensed consolidated interim income statement € thousand Q1 2025 Q1 2024 Revenue 62,447 56,192 Renewable energy support and other operating income 4,449 12,729 Raw materials, consumables and services used (28,226) (20,674) Payroll expenses (2,333) (2,225) Depreciation, amortisation and impairment (10,021) (9,342) Other operating expenses (5,331) (3,595) OPERATING PROFIT 20,985 33,085 Finance income 536 570 Finance costs (530) (306) Net finance income 6 264 Profit (loss) from associates under the equity method 22 (10) PROFIT BEFORE TAX 21,013 33,339 Income tax income 657 107 PROFIT FOR THE PERIOD 21,670 33,446 Condensed consolidated interim statement of financial position € thousand 31 March 2025 31 December 2024 ASSETS Non-current assets Property, plant and equipment 1,422,653 1,394,343 Intangible assets 59,696 59,727 Right-of-use assets 8,522 8,525 Prepayments for non-current assets 37,493 37,536 Deferred tax assets 1,774 1,211 Investments in associates 570 548 Derivative financial instruments 3,372 3,400 Non-current receivables 1,330 1,330 Total non-current assets 1,535,409 1,506,620 Current assets Inventories 1,827 2,011 Trade receivables 6,934 10,151 Other receivables 10,999 13,291 Prepayments 8,862 7,814 Derivative financial instruments 2,216 3,274 Cash and cash equivalents 35,481 44,023 Total current assets 66,319 80,564 Total assets 1,601,728 1,587,184 € thousand 31 March 2025 31 December 2024 EQUITY Equity and reserves attributable to shareholders of the parent Share capital 264,276 264,276 Share premium 60,351 60,351 Statutory capital reserve 8,291 8,291 Other reserves 164,349 163,674 Foreign currency translation reserve 392 182 Retained earnings 285,172 263,502 Total equity 782,831 760,276 LIABILITIES Non-current liabilities Borrowings 670,872 669,313 Government grants 2,761 2,809 Contract liabilities 6,345 6,345 Deferred tax liabilities 12,412 12,484 Other non-current liabilities 9,042 8,059 Provisions 193 194 Total non-current liabilities 701,626 699,204 Current liabilities Borrowings 63,137 65,160 Trade payables 38,021 36,926 Other payables 11,653 19,450 Provisions 2 8 Contract liabilities 4,459 6,161 Total current liabilities 117,272 127,704 Total liabilities 818,897 826,908 Total equity and liabilities 1,601,728 1,587,184 Further information: Sven Kunsing Head of Finance Communications ... Attachments EGR1T interim report Q1 2025 enefit_green_presentation_Q1_2025_eng MENAFN08052025004107003653ID1109522090 Legal Disclaimer: MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.",
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      • "title": "Real Money Online Casinos: 7Bit Ranked The Top Choice For Real Money Online Casino Players",
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      • "description": "(MENAFN - GlobeNewsWire - Nasdaq) Our Casino Team Has Crowned 7Bit Casino As The Best Real Money Online Casino For 2025. With Extensive Games, Huge Welcome Bonuses, And Free Spins, 7bit Shines As A ...",
      • "content": "( MENAFN - GlobeNewsWire - Nasdaq) Our Casino Team Has Crowned 7Bit Casino As The Best Real Money Online Casino For 2025. With Extensive Games, Huge Welcome Bonuses, And Free Spins, 7bit Shines As A Top Real Money Online Casino NEW ORLEANS, May 08, 2025 (GLOBE NEWSWIRE) -- The online gambling industry is booming, with numerous platforms competing to be recognized as the best real money online casinos. For players seeking a real online casino that delivers excitement, security, and fast payouts, the choices can feel overwhelming. EXPERIENCE 7BIT – DESIGNED FOR PLAYERS LIKE YOU! This comprehensive review explores why 7Bit is the top choice for real money online gambling, detailing its features, bonuses, game selection, payment methods, and more. Whether you're chasing jackpots on online slots real money or strategizing at blackjack tables, 7Bit delivers a premium experience that caters to all preferences. 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Crypto withdrawals are instant, often within minutes, while fiat methods take 1–3 days, ideal for online casinos real money cashouts. Are bonuses restricted to specific games at 7Bit Casino? Some bonuses are slot-specific, not applicable to table games. Review terms for eligibility at this real money online casino. How does 7Bit ensure responsible gambling? Tools like deposit limits, loss limits, and self-exclusion promote safe play, supported by resources like NCPG at this best real money online casino. Is customer support available 24/7 at 7Bit Casino? Yes, 7Bit offers 24/7 support via live chat and email, ensuring prompt assistance for online casinos for real money players. Email : Legal Disclaimer This content is for informational and entertainment purposes only and does not constitute legal, financial, or gambling advice. Verify local gambling laws before playing. Gamble responsibly, only wagering what you can afford to lose. Seek help from the National Council on Problem Gambling if needed. Casino and Gambling Disclaimer Online gambling carries risks and isn't for everyone. Confirm you're of legal gambling age in your jurisdiction. Gambling laws vary, and compliance is your responsibility. We don't promote gambling; participation is at your risk. 7Bit Casino is a third-party platform, and we're not liable for losses or disputes. Affiliate Disclosure Some links may be affiliate links, earning a commission at no cost to you. Recommendations are based on objective evaluations, and partnerships do not influence content. A photo accompanying this announcement is available at MENAFN08052025004107003653ID1109522088 Legal Disclaimer: MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.",
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      • "title": "Hyundai Glovis Turns To China For Contracts On Impending U.S. Tariffs On Car Carriers",
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      • "description": "(MENAFN - AzerNews) By Alimat Aliyeva Hyundai Glovis is ramping up efforts to secure long-termshipping contracts with Chinese automakers in response to a U.S.tariff set to take effect in ...",
      • "content": "( MENAFN - AzerNews) By Alimat Aliyeva Hyundai Glovis is ramping up efforts to secure long-termshipping contracts with Chinese automakers in response to a U.S.tariff set to take effect in October, which threatens to undercutits car carrier profitability, Azernews reports. Beginning on October 14, the Office of the United States TradeRepresentative will impose a port entry fee of $150 per carequivalent unit (CEU) on car carriers not built in the UnitedStates. For a typical 6,500 CEU vessel, this amounts to $975,000per entry. Only one of the world's carriers was built in the United States,highlighting the disproportionate burden the forthcoming U.S.maritime policy changes will impose on foreign operators, theFinancial Times (FT) reported Tuesday. With only one U.S.-builtvessel in the mix, 769 ships will fall under the new tariff. FT estimates that of the 29 million vehicles transportedglobally last year, roughly 4.6 million were destined for theUnited States. This volume could translate into an additional $1.8billion in annual fees for the car shipping industry. Hyundai Glovis, which operates 97 car carriers-35 owned and 62chartered-is not immune to the impact. The company, along withJapanese players NYK Line, MOL, and \"K\" Line, as well as Europeanoperator Wallenius Wilhelmsen Ocean, holds a dominant share of theglobal car shipping market. In the first quarter of this year, Hyundai Glovis reported 7.22trillion won ($5.2 billion) in revenue, with 1.01 trillion woncoming from its car carrier business, accounting for 13.9 percentof the total. Routes to and from the United States made up 34 percent of itscar shipping volume in 2023. The company is the exclusivetransporter for Hyundai Motor and Kia's exports to the UnitedStates, and the new tariff is expected to weigh heavily on itsmargins. To offset potential losses, Hyundai Glovis is focusing onsecuring long-term contracts with other automakers, particularlythose in China. During an earnings call on April 30, the companynoted increased engagement with Chinese automakers like Zeekr andLi Auto. “Chinese carmakers are expanding globally, as seen at theShanghai Auto Show. We are in direct talks with several companies,”a Glovis official said.“Most contracts from Chinese companies areshort-term, but we're working toward signing deals lasting morethan a year.” Data from the China Passenger Car Association shows that Chinesecar exports rose 22.8 percent year-on-year to 6.41 million units in2024, mainly driven by demand in Europe, the Middle East, andSoutheast Asia. Hyundai Glovis aims to secure part of that shippingvolume to mitigate losses from the U.S. tariffs. A total of 16.5 percent of Hyundai Glovis' car carrieroperations originated in China during the first quarter of thisyear, up from 12 percent in the fourth quarter of last year. Analysts attribute the increase in part to a memorandum ofunderstanding signed with Chinese electric vehicle maker BYD inSeptember 2024 to share vessel capacity. Still, industry experts remain cautious. Hyundai Glovis needslong-term contracts to ensure stable returns, but many Chineseautomakers rely on spot contracts and short-term bidding to meetfluctuating logistics needs. “Chinese automakers are likely to prioritize domestic shippingfirms as part of their industrial policy,” said Kwon Yong-joo, aprofessor of automotive transportation design at KookminUniversity.“That means Glovis may find it difficult tosignificantly expand its share of the Chinese market.” The rise of electric vehicles (EVs) and the global shift towardsustainable transportation are also influencing the car shippingindustry. As China is a major hub for EV production, Hyundai Gloviscould further strengthen its position by capitalizing on thegrowing demand for EVs in markets like Europe and the Middle East.The company's collaboration with Chinese automakers, especially inthe electric vehicle sector, could be a crucial factor in itsstrategy to navigate the challenges posed by the U.S. tariffs andto diversify its revenue streams. MENAFN08052025000195011045ID1109522067 Legal Disclaimer: MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.",
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      • "description": "(MENAFN - Newsfile Corp)Toronto, Ontario--(Newsfile Corp. - May 7, 2025) - Unigold Inc. (TSXV: UGD) (OTC Pink: UGDIF) (FSE: UGB1) (\"Unigold\" or the \"Company\") is pleased to announce that it has ...",
      • "content": "( MENAFN - Newsfile Corp)Toronto, Ontario--(Newsfile Corp. - May 7, 2025) - Unigold Inc. (TSXV: UGD) (OTC Pink: UGDIF) (FSE: UGB1) (\"Unigold\" or the \"Company\") is pleased to announce that it has completed a non-brokered private placement of 1,832,500 units of the Company (each, a \"Unit\") at a price of $0.08 per Unit for gross proceeds of $146,600 (the \"Offering\"). Each Unit will consist of one common share of the Company (a \"Common Share\") and one-half of one common share purchase warrant (each whole common share purchase warrant, a \"Warrant\"). Each Warrant will entitle the holder thereof to purchase one Common Share at an exercise price of $0.12 until four years following the date of issue. No finders were paid in connection with this closing of the Offering. The proceeds from the Offering will be used to fund the Company's continued permitting and development on its Neita Sur Concession in the Dominican Republic, and for general working capital purposes. All securities issued under the Offering are subject to a four-month hold period. The Offering is subject to final acceptance of the TSX Venture Exchange. The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. For further information please visit or contact: MENAFN08052025004218003983ID1109522059 Legal Disclaimer: MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.",
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      • "title": "Moon River Moly Ltd. Announces Filing Of Amended Technical Report",
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      • "description": "(MENAFN - Newsfile Corp)Toronto, Ontario--(Newsfile Corp. - May 7, 2025) - Moon River Moly Ltd. (TSXV: MOO) (OTCQB: MRIVF) (\" Moon River \" or the \" Company \") announces that, as a result of ...",
      • "content": "( MENAFN - Newsfile Corp)Toronto, Ontario--(Newsfile Corp. - May 7, 2025) - Moon River Moly Ltd. (TSXV: MOO) (OTCQB: MRIVF) (\" Moon River \" or the \" Company \") announces that, as a result of a review (the \" Review \") of the Davidson Project Preliminary Economic Assessment (PEA) Technical Report dated April 2, 2024 (the \" Davidson Technical Report \") by staff of the Ontario Securities Commission (the \" OSC \"), the Company is issuing the following news release regarding disclosure on its Davidson Project. In connection with the Review, the Company has filed an amended technical report entitled the Revised Davidson Project Preliminary Economic Assessment (PEA) Technical Report (the \" Revised Davidson Technical Report \") dated April 2, 2024 with an effective date of February 22, 2024. The Company is amending the Davidson Technical Report to address comments raised by the OSC in the course of their review. The Revised Davidson Technical Report includes changes and additions to disclosure regarding the PEA including the addition of an author on the cover page and amendment of the expert relied upon by the authors, details regarding how the site visit was undertaken, addition of required cautionary language regarding disclosure of historical mineral resource estimates and adjacent property disclosure, addition of a statement regarding the Davidson Project geology and its relevance to the QP's judgement that a detailed geological model based on lithological units is not required, addition of further language confirming that the survey quality met industry standards and was sufficient for use in constructing a block model, addition of details on the assumptions used to estimate the mineral resource, including the assumed $100 per tonne total all-in operating costs, that justify the >0.3% MoS2 cut-off grade used; highlighting of the base case >0.3% MoS2 cut-off grade and removal of the estimate for >0.0% - 0.01 % MoS2 cut-off grade material from certain tables and removal of the term \"NI 43-101 resource estimate\" and replacing it with \"mineral resource\". The changes made to the Technical Report are disclosure changes. There are no technical changes to the estimates and results for the mineral resources or the preliminary economic analysis of the Davidson Project. In addition to filing the Revised Davidson Technical Report, the Company has revised its website and corporate presentations to conform to the changes made to the report. The Revised Davidson Technical Report is available under the Company's profile on SEDAR+ at and on the Company's website at . About Moon River Moon River is a Canadian-based resource company focused on the acquisition, exploration and development of mineral projects. Moon River is focused on the development of the Davidson Property which hosts a large molybdenum-tungsten deposit and is located near Smithers, British Columbia. The Company also holds 25% of one of the largest molybdenum mines in North America, the Endako Mine Complex also located in British Columbia. Qualified Person(s) The scientific and technical content of this news release was reviewed, verified, and approved by Mr. Brian LeBlanc, P. Eng., President of AMPL, and a \"Qualified Person\" (\"QP\") as defined by National Instrument 43-101 - Standards of Disclosure for Mineral Projects. Mr. LeBlanc is the QP responsible for the scientific and technical information contained in this press release. MENAFN08052025004218003983ID1109522057 Legal Disclaimer: MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.",
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      • "description": "(MENAFN - Newsfile Corp)Toronto, Ontario and New York, New York--(Newsfile Corp. - May 7, 2025) - Micromem Technologies Inc. (CSE: MRM) (OTCQB: MMTIF) (\" Micromem \" or the \" Company \") is ...",
      • "content": "( MENAFN - Newsfile Corp)Toronto, Ontario and New York, New York--(Newsfile Corp. - May 7, 2025) - Micromem Technologies Inc. (CSE: MRM) (OTCQB: MMTIF) (\" Micromem \" or the \" Company \") is pleased to provide an update on the strategic collaboration to advance nanowire sensor technology. The landmark collaboration agreement signed with the University of Toronto and the Canadian Department of National Defence (the“Agreement”), as described in the March 3, 2025 news release, marks a major step forward in the development of next-generation nanowire sensor technology. This collaboration grants Micromem access to proprietary innovations that dramatically enhance detection sensitivity, enabling the direct observation of charge responses at the micro-electron level - a breakthrough in real-time sensing. The primary focus of the Agreement is on biochemical agent detection pertinent to defense. However, the commercial implications are equally significant. This positions the collaboration at the forefront of nanotechnology in target applications extending beyond defense, including real-time monitoring of airborne contaminants, next-generation environmental sensors, and ultra-sensitive diagnostic tools in the biomedical sector. These are all markets with growing global demand and high-margin opportunities, each with scalable product development and long- term revenues. The University of Toronto brings over a decade of rigorously validated, peer-reviewed research to the initiative. Their leadership in nanoscale charge transport and surface interaction science has enabled the creation of single-molecule sensors - a capability unmatched in the global research community. Micromem's strategic involvement ensures early commercialization pathways and reinforces its role as a key enabler in the future of molecular-scale sensing technologies. About Micromem. Micromem Technologies Inc. and its subsidiaries, a publicly traded (OTCQB: MMTIF) (CSE: MRM), company analyzes specific industry sectors to create intelligent game-changing applications that address unmet market needs. By leveraging its expertise and experience with sophisticated sensor applications, the Company successfully powers the development and implementation of innovative solutions for oil & gas, utilities, automotive, healthcare, government, information technology, manufacturing and other industries. Visit . Safe Harbor Statement This press release contains forward-looking statements. Such forward-looking statements are subject to a number of risks, assumptions and uncertainties that could cause the Company's actual results to differ materially from those projected in such forward-looking statements. In particular, factors that could cause actual results to differ materially from those in forward looking statements include: our inability to obtain additional financing on acceptable terms; risk that our products and services will not gain widespread market acceptance; continued consumer adoption of digital technology; inability to compete with others who provide comparable products; the failure of our technology; the infringement of our technology with proprietary rights of third parties; inability to respond to consumer and technological demands; inability to replace significant customers; seasonal nature of our business; and other risks detailed in our filings with the Securities and Exchange Commission. Forward-looking statements speak only as of the date made and are not guarantees of future performance. We undertake no obligation to publicly update or revise any forward-looking statements. When used in this document, the words \"believe,\" \"expect,\" \"anticipate,\" \"estimate,\" \"project,\" \"plan,\" \"should,\" \"intend,\" \"may,\" \"will,\" \"would,\" \"potential,\" and similar expressions may be used to identify forward-looking statements. The CSE or any other securities regulatory authority has not reviewed and does not accept responsibility for the adequacy or accuracy of this press release that has been prepared by management. ### Listing: OTCQB - Symbol: MMTIF CSE - Symbol: MRM Shares issued: 597,910,431 SEC File No: 0-26005 Investor Contact: ... ; Tel. 416-364-2023. Subscribe to receive News Releases by Email on our website's home page. . To view the source version of this press release, please visit SOURCE: Micromem Technologies Inc. MENAFN08052025004218003983ID1109522055 Legal Disclaimer: MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.",
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      • "description": "(MENAFN - Newsfile Corp)Fountain Valley, California--(Newsfile Corp. - May 7, 2025) - Moving iMage Technologies, Inc. (NYSE American: MITQ), a leading provider of cutting-edge out-of-home ...",
      • "content": "( MENAFN - Newsfile Corp)Fountain Valley, California--(Newsfile Corp. - May 7, 2025) - Moving iMage Technologies, Inc. (NYSE American: MITQ), a leading provider of cutting-edge out-of-home entertainment technology and services for cinema, Esports, stadiums and arenas, will report Q3 fiscal 2025 results before the market opens on May 15 th and host an investor call at 11:00 am ET. Following prepared remarks, management will take investor questions. Conference Call Details Date/Time: Thursday May 15th at 11:00am ET Toll-Free Number: 1-877-407-4018 Toll/International Number: 1-201-689-8471 Call meTM: Participants can use Guest dial-in numbers above and be answered by an operator OR click the Call meTM Link for instant telephone access to the event. Call meTM link will be made active 15 minutes prior to scheduled start time. Transcript: Posted online here 48 hours after the event Questions can be submitted in advance via Email to: ... Telephone Replay Access ID : 13753795 Replay Dial-In: 1-844-512-2921 or 1-412-317-6671 Replay Expiration: Thursday May 29, 2025 at 11:59 p.m. ET About Moving iMage Technologies ( ) With a focus on innovation, service, and quality, Moving iMage Technologies (\"MiT) is a trusted partner in delivering state-of-the-art out-of-home entertainment environments. Founded in 2003, MiT provides products, integrated systems design, custom engineering, proprietary products, software, and installation services for cinemas, screening rooms, postproduction facilities, high-end home theaters, Esports venues, arenas, stadiums, and other entertainment spaces. MiT manufactures a broad line of digital cinema peripherals in the U.S., including automation systems, projector pedestals/bases, projector lifts, hush boxes, direct-view LED frames, lighting fixtures and dimmers, power management devices, operations software, and Esports platforms. It also distributes and integrates cinema equipment from Barco, Sharp (NEC) Digital Cinema, Christie Digital, LEA Professional, Dolby, GDC, JBL/Crown, LG, Meyer Sound, Q-SYS, QSC, Samsung and others. MiT's Caddy Products division designs and sells cupholders, concession trays, and venue accessories that enhance concession sales and improve the guest experience. Follow us on X: @movingimagenews Follow us on LinkedIn: MiT on LinkedIn MITQ Investor Relations Contacts Chris Eddy or David Collins Catalyst IR ... or 212-924-9800 To view the source version of this press release, please visit SOURCE: Moving iMage Technologies MENAFN08052025004218003983ID1109522052 Legal Disclaimer: MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.",
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      • "title": "Sokoman Minerals Corp. Closes First Tranche Of Critical Mineral Flow-Through Private Placement",
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      • "description": "(MENAFN - Newsfile Corp)St. John's, Newfoundland and Labrador--(Newsfile Corp. - May 7, 2025) - Sokoman Minerals Corp. (TSXV: SIC) (OTCQB: SICNF) (\" Sokoman \" or the \" Company \") is pleased ...",
      • "content": "( MENAFN - Newsfile Corp)St. John's, Newfoundland and Labrador--(Newsfile Corp. - May 7, 2025) - Sokoman Minerals Corp. (TSXV: SIC) (OTCQB: SICNF) (\" Sokoman \" or the \" Company \") is pleased to announce that, further to its April 25, 2025, news release , the Company has filed documents with the TSX Venture Exchange (the \"Exchange\") and received conditional approval for its CAD$400,000 non-brokered flow-through private-placement financing (the \"FT Financing\"). Sokoman also received approval to close the first tranche of 6,000,000 FT common shares at CAD$0.05, for aggregate gross proceeds of CAD$300,000. Timothy Froude, P. Geo., President and CEO, states, \"With spring breakup nearly complete, we're preparing to resume work at our traditional bulk sample project. We're grateful for the continued support from investors and the Mineral Incentive Program, which together will strengthen our treasury to approximately CAD$1.3 million and position us well for the upcoming exploration season.\" In connection with the first tranche of the FT Financing, the Company will pay cash finders' fees totalling CAD$18,000 and 360,000 non-transferable broker warrants exercisable at CAD$0.07 for one year as permitted by the policies of the Exchange. All securities issued pursuant to the FT Financing are subject to a four-month and one-day hold period. Final approval of the FT Financing is subject to Exchange approval. The Company will use an amount equal to the gross proceeds received by the Company from the sale of the flow-through shares (the \"FT Shares\"), pursuant to the provisions in the Income Tax Act (Canada), to incur eligible Canadian exploration expenses that qualify as flow-through mining expenditures as both terms are defined in the Income Tax Act (Canada) on or before December 31, 2026, and to renounce all of the qualifying expenditures in favour of the subscribers of the FT Shares. The Company intends to spend the flow-through proceeds on the Company's exploration projects. Sokoman Minerals wishes to thank the Government of Newfoundland and Labrador for the CAD$150,000 received through the Mineral Incentive Program, administered by the Department of Industry, Energy and Technology, in support of our exploration efforts. About Sokoman Minerals Corp. Sokoman Minerals Corp. is a discovery-oriented company and one of the largest landholders in the province of Newfoundland and Labrador, Canada's emerging gold district. The Company's primary focus is its portfolio of gold projects; the 100%-owned flagship, advanced-stage Moosehead, Crippleback Lake, and the district-scale Fleur de Lys project near Baie Verte in northwestern Newfoundland, targeting Dalradian-type orogenic gold mineralization similar to the Curraghinalt and Cavanacaw deposits in Northern Ireland. The Company entered a strategic alliance with Benton Resources Inc. through three, large-scale, joint-venture properties including Grey River, Golden Hope, and Kepenkeck in Newfoundland. In October 2023, Sokoman and Benton completed an agreement with Piedmont Lithium Inc., a major developer of lithium projects and processing plants in the USA, and exactly the right partner to have to advance the lithium project. For full details of the agreement, please refer to the Company's press release dated October 11, 2023 . Projects optioned with optionee fully vested are: East Alder Project optioned to Canterra Minerals Inc. (SIC retains shares of CTM plus 1% NSR) Startrek Project optioned to Thunder Gold (SIC retains shares of TGOL plus 1% NSR) The Company would like to thank the Government of Newfoundland and Labrador for the financial support of the Moosehead and Fleur de Lys Projects through the Junior Exploration Assistance Program during the past few years. For more information, please contact: Timothy Froude, P.Geo., President & CEO T: 709-765-1726 E: ... Cathy Hume, VP Corporate Development, Director T: 416-868-1079 x 251 E: ... Website: Twitter : @SokomanMinerals Facebook : @SokomanMinerals LinkedIn: @SokomanMineralsCorp Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Investors are cautioned that trading in the securities of the Corporation should be considered highly speculative. Except for historical information contained herein, this news release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially. Sokoman Minerals Corp. will not update these forward-looking statements to reflect events or circumstances after the date hereof. More detailed information about potential factors that could affect financial results is included in the documents filed from time to time with the Canadian securities regulatory authorities by Sokoman Minerals Corp. To view the source version of this press release, please visit SOURCE: Sokoman Minerals Corp. MENAFN08052025004218003983ID1109522050 Legal Disclaimer: MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.",
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      • "article_id": "31724c57d0912dc57da43a31d2b2c373",
      • "title": "Greenheart Gold Reports Several Significant Gold Intercepts From Its Reconaissance Drill Program At The Majorodam Project In Suriname, Including 30.0 M At 2.06 G/T Au",
      • "link": "https://menafn.com/1109522048/Greenheart-Gold-Reports-Several-Significant-Gold-Intercepts-From-Its-Reconaissance-Drill-Program-At-The-Majorodam-Project-In-Suriname-Including-300-M-At-206-GT-Au",
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      • "description": "(MENAFN - Newsfile Corp) Hole R-010 intersected 30.0 m at 2.06 g/t Au, including 8.0 m at 3.66 g/t Au and 11.0 m at 2.27 g/t Au Hole R-015 intersected 40.0 m at 1.49 g/t Au, including 8.0 m ...",
      • "content": "( MENAFN - Newsfile Corp) Hole R-010 intersected 30.0 m at 2.06 g/t Au, including 8.0 m at 3.66 g/t Au and 11.0 m at 2.27 g/t Au Hole R-015 intersected 40.0 m at 1.49 g/t Au, including 8.0 m at 3.36 g/t Au Hole R-003 intersected 13.0 m at 4.37 g/t Au, including 6.0 m at 9.34 g/t Au Results from exploration programs at Igab continue to reinforce the strong prospectivity of the Mokro and surrounding targets Longueuil, Quebec--(Newsfile Corp. - May 7, 2025) - Greenheart Gold Inc. (TSXV: GHRT) (OTCQB: GHRTF) (the \"Company\" or \"Greenheart Gold\") is pleased to announce drill results from its initial reconnaissance reverse circulation (\"RC\") drill program at the Majorodam project in Suriname. The Greenheart Gold exploration team is highly encouraged by these results, which include three (3) \"highlight\" holes among six (6) holes returning anomalous intercepts (see Table 1, Figure 1 and Figure 2). The decision to drill early based on soil anomalies alone was taken due to the presence of a thick duricrust (in places over five (5) meters (\"m\") in thickness) that prevented more typical assessment by trench and channel sampling of available outcrops. Fortunately, the relative proximity to Paramaribo via paved roads reduced both the mobilization cost and time of moving a rig to site, making \"prospecting\" with the RC rig a viable, rapid, and cost-effective option. Table 1 - Significant intervals Hole ID * From (m) To (m) Interval Length (m) Gold grade (Au g/t) Interval x Grade (gm/t) Cutoff grade (g/t Au) ** MAJR25-003 53.0 66.0 13.0 4.37 57 0.30 inc. 60.0 66.0 6.0 9.34 56 1.00 MAJR25-009 1.0 14.0 13.0 0.40 5 0.30 MAJR25-010 96.0 126.0 30.0 2.06 62 0.30 inc. 96.0 104.0 8.0 3.66 29 1.00 & inc. 115.0 126.0 11.0 2.27 25 1.00 MAJR25-014 16.0 21.0 5.0 0.33 2 0.30 MAJR25-015 24.0 64.0 40.0 1.49 60 0.30 inc. 40.0 48.0 8.0 3.36 27 1.00 and 83.0 90.0 7.0 0.39 3 0.30 MAJR25-017 2.0 7.0 5.0 0.60 3 0.30 * Results pending for holes MAJR25-019 & 020. Assays for remaining holes returned no significant results (when calculated using a 0.30 g/t or higher cutoff). ** Significant intervals calculated using 0.3 g/t Au cutoff (with 5 m min length & 5 m max internal dilution), included intervals calculated using 1.0 g/t Au cutoff (with 3 m min length & 2 m max internal dilution). Highlighted results from the program include hole R-010, which intercepted 30.0 m grading 2.06 grams per tonne (\"g/t\") gold (\"Au\") starting at a depth of 96 m downhole (\"downhole\") using a 0.30 g/t Au cutoff grade, including 8.0 m grading 3.66 g/t Au (using a 1.00 g/t Au cutoff) starting at 96 m downhole, in addition to 11.0 m grading 2.27 g/t Au (1.00 g/t Au cutoff) starting at 115 m downhole. Additional highlights include hole R-015 intersecting 40.0 m grading 1.49 g/t Au (0.30 g/t Au cutoff) from 24 m downhole, including 8.0 m grading 3.36 g/t Au (1.00 g/t Au cutoff) and 7.0 m grading 0.39 g/t Au (0.30 g/t Au cutoff) from 83 m downhole, in addition to hole R-003, which intersected 13.0 m grading 4.37 g/t Au (0.30 g/t cutoff) including 6.0 m grading 9.34 g/t Au (1.00 g/t Au cutoff). The RC program, as shown in Figure 1, comprised 20 reconnaissance RC holes totaling 2,138 m across five fences and was focused on testing some of the strongest soil geochemistry results on the Heuvel target. Including the highlight holes, each one of these five (5) fences intersected at least one hole with anomalous results which require further follow up. The gold mineralization present in the significant intervals appears to be hosted within units comprised of mafic volcanics, volcaniclastics and fine grained clastic sedimentary rocks. Mineralized zones appear to be associated with silica, carbonate and sericite alteration of varying intensity. This press release reports on the assay results of 18 drill holes, with the remaining two (2) holes (R-019 and R-020) pending return of assays from the lab. Currently, one excavator and a bulldozer are active at Majorodam, with an additional excavator expected to arrive this month. This equipment will be focused on creating trenches where possible, in addition to creating exposure on hillsides where road cuts are expected to sufficiently expose in situ saprolite for further assays and which structural orientations may be derived. Trenching will also continue at the Helling target to the east of Heuvel and will begin on the recently acquired Majorodam North property, where soil sampling results received to date indicate additional broad gold anomalies for follow up (see inset map in Figure 1). In addition, work will commence to improve the roads in anticipation of a follow-up drill program, which is anticipated to occur in August after the end of the rainy season. Igab exploration update Soil geochemistry results from the Igab project in Suriname continue to be very encouraging, as can be seen from the recently received results of an extensive ridge and spur soil sampling program across the project (see Figure 3). The results indicate numerous anomalous areas to the north, south and east of the central Mokro target area. These results complement earlier stream sediment sampling results and appear to be located upstream of several areas of historic alluvial mining, all of which confirm the high level of prospectivity of the project in general. The Company has begun an extensive grid-based soil sampling survey over anomalous areas to further define the targets prior to engaging in trench and channel sampling. At the Lemon Tree target area in the southwestern corner of Igab, the Company is continuing with its trenching, sampling and mapping programs. At Lemon Tree, the programs are focused on further defining the extent of mineralization around the sheared and altered outcrop that returned strong channel sampling results, including 31.0 m grading 1.36 g/t Au (previously reported). Approximately 500 m to the north of Lemon Tree, at the Desi Berg artisanal workings, the exploration team continues to follow up on the presence of gold bearing quartz veins that were reportedly mined by the option holder, as well as investigating the source of numerous smoky quartz boulders with visible gold. Sample Collection, Assaying and Data management Significant intervals in this press release have been calculated using a grade cut-off of 0.3 g/t Au, a minimum length of five meters, and a maximum length of five meters of consecutive internal waste. Included significant intervals have been calculated using a grade cut-off of 1.0 g/t Au, a minimum length of three meters, and a maximum length of two meters of consecutive internal waste. Gold grades are uncapped. Mineralized intersection lengths are not necessarily true widths. Reverse circulation (RC) drill samples are weighed in their entirety at the rig side to ensure consistent sample collection, then split, bagged, and tagged. All samples are shipped to the Actlabs preparation laboratory in Paramaribo, Suriname while respecting best-practice chain of custody procedures. At the preparation laboratory, samples are dried, crushed to 80% passing 2 mm, riffle split (250g), and pulverized to 95% passing 105 μm. Coarse blanks are inserted by the Company, and are used between and following suspected high-grade intervals. Barren sand flushes are inserted by the analytical laboratory after each sample is pulverized to clean the bowl. Pulverized samples are transported for analysis to the Actlabs laboratory in Georgetown, Guyana (an ISO 9001 certified laboratory) where gold assay is carried out using a 30 g or 50 g fire assay with an atomic absorption finish. Initial assays with results above 3.0 g/t Au are re-assayed with a gravimetric finish. Certified reference materials and blanks are inserted at a rate of 5% of samples shipped to the laboratories. RC field duplicates pulp duplicates are also generated at a rate of 5% of samples. Assay data is subject to QA/QC prior to accepting into the Company database managed by an independent consultant. Qualified Person All scientific and technical information in this press release has been reviewed and approved by Justin van der Toorn, CGeol FGS, EurGeol, President and CEO of Greenheart Gold, and a Qualified Person under Canadian National Instrument 43-101 – Standards of Disclosure for Mineral Projects. About Greenheart Gold Inc. Greenheart Gold is an exploration company that builds on a proven legacy of discoveries within the Guiana Shield, a highly prospective geological terrain that hosts numerous gold deposits yet remains relatively under-explored. The Company is led by former executives and members of the exploration group of Reunion Gold, a team that was most recently noted for the discovery and delineation of the multimillion-ounce Oko West deposit in Guyana. Greenheart Gold intends to build on its technical knowledge, strong contact base and previous success from exploring in the Guiana Shield to assemble, maintain and explore a portfolio of early-stage exploration projects in Guyana and Suriname that are prospective for orogenic gold deposits. Additional information about the Company is available on SEDAR+ ( ) and the Company's website ( ). For further information, please contact: GREENHEART GOLD INC. Justin van der Toorn, President and CEO, or Doug Flegg CFA, Senior Vice President Corporate Development E: ... E: ... Telephone: +1 450-800-2882 Cautionary Statement on Forward-Looking Information All statements, other than statements of historical fact, contained in this press release constitute \"forward-looking information\" and \"forward-looking statements\" within the meaning of certain securities laws and are based on expectations and projections as of the date of this press release. Forward-looking statements contained in this press release include, without limitation, those related to the Company's plans and objectives, timing of and execution of planned exploration activities, geological interpretation, potential favorable setting and mineralization, other statements relating to the business prospects of Greenheart and, more generally, the section entitled \"About Greenheart Gold Inc.\" Forward-looking statements are based on beliefs, expectations, estimates and projections as of the time of this press release. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by the Company as of the time of such statements, are inherently subject to significant business, economic and competitive uncertainties and contingencies. These estimates and assumptions may prove to be incorrect. Such assumptions include, without limitation, those underlying the statements in the section entitled \"About Greenheart Gold Inc.\" Many of these uncertainties and contingencies can directly or indirectly affect, and could cause, actual results to differ materially from those expressed or implied in any forward-looking statements. By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific in nature, including among others, those risks and uncertainties set forth in the Company's audited consolidated financial statements and related notes for the initial period from April 19, 2024 to December 31, 2024 and the associated management's discussion & analysis, and other documents and reports filed by the Company with Canadian securities regulators available under the Company's profile on SEDAR+ at , and the risk that estimates, forecasts, projections and other forward-looking statements will not be achieved or that assumptions do not reflect future outcomes. Forward-looking statements are provided for the purpose of providing information about management's expectations and plans relating to the future. Readers are cautioned not to place undue reliance on these forward-looking statements as a number of important risk factors and future events could cause the actual outcomes to differ materially from the beliefs, plans, objectives, expectations, anticipations, estimates, assumptions and intentions expressed in such forward-looking statements. The Company cautions that the list of factors set forth in the Company's filings that may affect future results is not exhaustive, and new, unforeseeable risks may arise from time to time. The Company disclaims any intention or obligation to update or revise any forward-looking statements or to explain any material difference between subsequent actual events and such forward-looking statements, except to the extent required by applicable law. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this press release. Figure 1 - Overview of RC drilling completed on the Majorodam project in Suriname. Inset map shows the location of Heuvel and Helling targets, as well as the continued growth of gold in soil anomalies onto the Majorodam North permit. To view an enhanced version of this graphic, please visit: Figure 2 - Interpreted cross sections of selected RC fences that include holes R-015 and R-010. Interpreted geology and alteration based on RC chip logging. To view an enhanced version of this graphic, please visit: Figure 3 - Update geological map of the Igab project, including ridge and spur soil sample results. To view an enhanced version of this graphic, please visit: To view the source version of this press release, please visit SOURCE: Greenheart Gold Inc. MENAFN08052025004218003983ID1109522048 Legal Disclaimer: MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.",
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      • "title": "ATEX Announces 2025 AGM Results",
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      • "description": "(MENAFN - Newsfile Corp)Toronto, Ontario--(Newsfile Corp. - May 7, 2025) - ATEX Resources Inc. (TSXV: ATX) (\" ATEX \" or the \" Company \") is pleased to announce the results of its Annual ...",
      • "content": "( MENAFN - Newsfile Corp)Toronto, Ontario--(Newsfile Corp. - May 7, 2025) - ATEX Resources Inc. (TSXV: ATX) (\" ATEX \" or the \" Company \") is pleased to announce the results of its Annual General and Special Meeting (the \" Meeting \") of its shareholders held online on Wednesday, May 7, 2025. All of the motions set out in ATEX's Notice of Annual General and Special Meeting and Management Information Circular dated April 1, 2025 were overwhelmingly approved by ATEX shareholders at the Meeting as further described below. A total of 182,773,800 votes were cast by holders of ATEX common shares, representing 65.90% of the total outstanding shares entitled to vote at the Meeting. The detailed voting results of the Meeting are as follows: Number of Directors % For % Against Number of Directors to be set at six 100.00% 0.00% Election of Directors % For % Withheld Craig Nelsen 93.92% 6.08% Benjamin Pullinger 99.47% 0.53% Alejandra Wood 97.63% 2.37% Jamile Cruz 99.30% 0.70% Chris Beer 99.99% 0.01% Rick McCreary 99.99% 0.01% Appointment of Auditor % For % Withheld To re-appoint McGovern Hurley LLP, Chartered Accountants, as the Company's auditor for the ensuing year and to authorize the directors to fix their remuneration 99.99% 0.01% Approval of Stock Option Plan % For % Against Passing an ordinary resolution approving the Company's stock option plan for the ensuing year 98.18% 1.82% Approval of Restricted Share Unit Plan % For % Against Passing an ordinary resolution approving the Company's restricted share unit plan for the ensuing year 98.15% 1.85% About ATEX ATEX is exploring the Valeriano Copper-Gold Project which is located within the emerging copper gold porphyry mineral belt linking the prolific El Indio High-Sulphidation Belt to the south with the Maricunga Gold Porphyry Belt to the north, located in the Atacama Region, Chile. This emerging belt, informally referred to as the Link Belt, hosts several copper gold porphyry deposits at various stages of development including, Filo del Sol (Lundin Mining/BHP), Josemaria (Lundin Mining/BHP), Lunahausi (NGEx Minerals), La Fortuna (Teck Resources/Newmont) and El Encierro (Antofagasta/Barrick Gold). The Valeriano Project hosts a large copper gold porphyry mineral resource: 1.41 billion tonnes at 0.67% CuEq (0.50% Cu, 0.20 g/t Au, 0.96 g/t Ag and 63.80 g/t Mo), which includes a higher-grade core totaling 200 million tonnes at 0.84% CuEq (0.62% Cu, 0.29 g/t Au 1.25 g/t Ag and 55.7 g/t Mo), as reported by ATEX on September 12, 2023 i . For further information, please contact: Ben Pullinger, President and CEO Email: ... Aman Atwal, Vice President, Business Development and Investor Relations Email: ... 1-647-398-9405 or visit ATEX's website at . Neither the TSX Venture Exchange nor its regulation services provider has reviewed or accepts responsibility for the adequacy or accuracy of the content of this news release. i See NI 43-101 technical report titled \"Independent Technical Report for the Valeriano Copper-Gold Project, Atacama Region, Chile\" by Joled Nur, CCCRRM-Chile, and David Hopper, CGeol, with an effective date of September 1, 2023, filed at on October 25, 2023, for additional details on the 2023 Mineral Resource Estimate for the Valeriano project. To view the source version of this press release, please visit SOURCE: ATEX Resources Inc. MENAFN08052025004218003983ID1109522045 Legal Disclaimer: MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.",
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      • "title": "BMO Etfs Closes The Market",
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      • "description": "(MENAFN - Newsfile Corp)Toronto, Ontario--(Newsfile Corp. - May 7, 2025) - Esther Choi, Vice President, ETF Distribution Ontario, BMO Global Asset Management and Julia Howe, Director, ETF ...",
      • "content": "( MENAFN - Newsfile Corp)Toronto, Ontario--(Newsfile Corp. - May 7, 2025) - Esther Choi, Vice President, ETF Distribution Ontario, BMO Global Asset Management and Julia Howe, Director, ETF Distribution Ontario, BMO Global Asset Management, joined Graham MacKenzie, Managing Director, Exchange Traded Products, Toronto Stock Exchange (TSX), to close the market to celebrate the launch of the new BMO SPDR Financials Select Sector Index ETF (TSX: ZXLF) (TSX: ZXLF.F) and the BMO SPDR Utilities Select Sector Index ETF (TSX: ZXLU) (TSX: ZXLU.F). Cannot view this video? Visit: The ETFs seek to replicate, to the extent possible before fees and expenses, the performance of an index that provides exposure to equity securities of large-capitalization issuers in the U.S. financials and utilities sectors. Generally, the ETFs will invest substantially all of their assets, directly or indirectly, in the Financials Select Sector SPDR® Fund and the Utilities Select Sector SPDR® Fund respectively. Each ETF may invest substantially all of its assets, directly or indirectly, in the constituent securities of the Index, in substantially the same proportions as they are represented in the Index. BMO ETFs are designed to stay ahead of market trends and provide compelling solutions to help advisors and investors. This includes a comprehensive suite of ETFs developed in Canada for Canadians, such as cost-effective core equity ETFs following market leading indexes, and a broad range of fixed income ETFs; solution-based ETFs responding to client demand, as well as combining active and passive investing with ETF series of active mutual funds. To learn more, visit: Find an ETF | BMO Global Asset Management MEDIA CONTACT: Aaron Sobeski Media Relations Manager ... 437-238-6950 To view the source version of this press release, please visit SOURCE: Toronto Stock Exchange MENAFN08052025004218003983ID1109522043 Legal Disclaimer: MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.",
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      • "title": "Be Productive Coaching, Led By Executive Coach Vimari Roman, Launches Career Strategy Packages To Help High Achieving Professionals Align Careers With Purpose",
      • "link": "https://menafn.com/1109522039/Be-Productive-Coaching-Led-By-Executive-Coach-Vimari-Roman-Launches-Career-Strategy-Packages-To-Help-High-Achieving-Professionals-Align-Careers-With-Purpose",
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      • "description": "(MENAFN - Newsfile Corp)Miami, Florida--(Newsfile Corp. - May 7, 2025) - Be Productive Coaching, a boutique career and leadership development firm led by certified coach and career strategist ...",
      • "content": "( MENAFN - Newsfile Corp)Miami, Florida--(Newsfile Corp. - May 7, 2025) - Be Productive Coaching, a boutique career and leadership development firm led by certified coach and career strategist Vimari Roman , has unveiled a newly enhanced suite of career strategy packages designed to help mid to senior level professionals take strategic control of their career transitions. The refreshed offerings - Complete Career Transformation, Interview & Branding Accelerator, and Career Branding Essentials, blend strategic branding, execution support, and mindset coaching. These packages now include done-for-you services such as AI-powered networking and hiring campaigns, along with the integration of Positive Intelligence® tools to strengthen mental fitness. The launch of these enhanced services reflects a continued commitment to providing high-impact support for professionals navigating career transitions. With more than 25 years of experience in leadership and career development , Be Productive Coaching brings a strategic and individualized approach to every client engagement. \"We've integrated Positive Intelligence® and launched AI-driven networking and hiring support,\" said Vimari Roman, Founder and CEO of Be Productive Coaching. (In Frame: Vimari Roman, Founder and CEO of Be Productive Coaching) To view an enhanced version of this graphic, please visit: Be Productive Coaching takes a holistic approach. Clients receive individualized branding and strategic coaching paired with tools that address the inner blocks like self-doubt and imposter syndrome that often stall progress. The inclusion of Positive Intelligence® mental fitness training helps clients build the emotional resilience needed to sustain high performance and clarity throughout the job search process. The Complete Career Transformation package offers end-to-end guidance for professionals ready to pivot into more aligned, purposeful roles. The Interview & Branding Accelerator helps clients refine their messaging, boost confidence, and prepare for high-stakes interviews. For those seeking a quick yet high impact refresh, Career Branding Essentials offers foundational branding tools including résumé, LinkedIn profile optimization, and strategic positioning. These packages complement a wider portfolio of services that include executive and leadership coaching , personal branding , résumé and LinkedIn makeovers, and interview preparation. All services are delivered virtually, allowing professionals across the U.S. and internationally to access high impact support from anywhere. Cannot view this video? Visit: \"Serving professionals across sectors from technology and healthcare to finance and hospitality, Be Productive Coaching is committed to supporting high achievers who are ready to lead their next chapter with intention and confidence,\" Vimari Roman added in. For more information about the new career strategy packages or to work with Be Productive Coaching, visit About Be Productive Coaching: Founded by Vimari Roman, Be Productive Coaching provides career and executive coaching services for high-achieving professionals navigating change. Through customized career strategy , mental fitness training, and branding solutions, the firm empowers clients to pursue careers that align with both their purpose and professional goals. To view an enhanced version of this graphic, please visit: Media Contact: Contact Person : Vimari Roman, PCC, CPQC Email : ... Source : Be Productive Coaching To view the source version of this press release, please visit SOURCE: Be Productive Coaching, LLC MENAFN08052025004218003983ID1109522039 Legal Disclaimer: MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.",
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      • "title": "Novra Announces Extension Of SNAPS Convertible Loan Agreement",
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      • "description": "(MENAFN - Newsfile Corp)Winnipeg, Manitoba--(Newsfile Corp. - May 7, 2025) - Novra Technologies Inc. (TSXV: NVI) (\"Novra\") is issuing this notice to provide a status update and announce an ...",
      • "content": "( MENAFN - Newsfile Corp)Winnipeg, Manitoba--(Newsfile Corp. - May 7, 2025) - Novra Technologies Inc. (TSXV: NVI) (\"Novra\") is issuing this notice to provide a status update and announce an extension on its binding Convertible Loan Agreement (\"Loan\") with SNAPS Holding Company (\"SNAPS\"), which it initially announced on September 10, 2024 and provided further disclosure for on December 19, 2024. As disclosed in previous statements, under the agreement SNAPS which is an arm's-length party, will provide CAN $12.258 million for a term of two years with interest at 1% per annum. This loan can be converted into Novra common shares by either SNAPS or Novra at any time during the term at CAD $0.34 per share. The conversion to shares would require TSXV and shareholder approval. The current agreement, which expired on March 31, 2025, has now been extended until July 31, 2025, with all other terms of the Loan agreement remaining unchanged. SNAPS has reported to Novra that for the past 6 months it has been engaged diligently in divesting its targeted commercial real estate (CRE) holdings to reinvest the capital in identified high-growth technology entities such as Novra. Geopolitical factors including tariff turmoil, financial market uncertainties, and lending delays have led to an unfortunate slowdown in SNAPS' CRE divestiture plan. However, Novra has received SNAPS' assurance that the delays are temporary, and SNAPS remains fully committed to completing the \"Loan\" agreement. Novra has agreed to SNAPS' request for an extension to the \"Loan\" based on its extensive discussions with them about SNAPS' ongoing divestiture transactions and after evidence was provided by SNAPS that has confirmed a funding source, with funds expected to be received by SNAPS in early to mid-May 2025. Additional SNAPS' asset sales are expected to close later this summer. SNAPS has committed to Novra that they have prioritized and budgeted funds from these sales for Novra, as it regards Novra as a priority and key to execute its strategic vision of introducing technologically advanced and disruptive technologies in the IoT domain. We expect that the first tranche of the loan will be received by Novra on or before May 15 th with additional tranches later in May, June and July. \"During these unforeseen delays of the past six months, SNAPS deeply values the patience, trust, and continued support of the Novra management team and its shareholders. SNAPS confirms its steadfast commitment to fulfilling its obligations under this binding agreement and acknowledges the success of its strategy remains anchored in Novra's technology, engineering expertise, and operational efficiency and leveraging these strategic assets to drive and scale SNAPS global deployments.\" states a SNAPS' spokesperson. As insiders, Novra's Directors and Officers are currently subject to a trading blackout and this will continue for an additional one-week period after an update announcing an end to the blackout, or an announcement that the Loan has closed, is released. As Novra has not yet received any funds for the Convertible Loan Agreement, the company cautions investors to refrain from placing undue reliance on statements regarding this potential transaction. Novra can provide no assurance that the convertible loan agreement will be completed as proposed, or at all. About Novra Technologies Inc.: Novra (TSXV: NVI) (OTCQB: NVRVF) is an international technology provider of products, systems and services for the distribution of multimedia broadband content. The Novra Group of companies includes Novra Technologies Inc, International Datacasting Corporation, and Wegener Corporation. The companies in the group are known for a strong focus on applications, including: broadcast video and radio, digital cinema, digital signage, and highly reliable data communications. For more information visit: Forward-Looking Statements: This press release contains \"forward-looking statements\" within the meaning of applicable Canadian securities laws, concerning but not limited to: pending closing of this transaction, required TSX Venture Exchange approval of this transaction, Shareholder approval of this transaction, and anticipated developments in our operations in future periods . Forward-looking statements are generally identifiable by words such as \"expect\", \"anticipate\", \"believe\", \"intend\", \"estimate\", \"predict\", \"outlook\", \"opportunity\", \"momentum\", \"potential\", \"proposed\", \"targeted\", \"plans\" \"possible\", \"positive indication for\", \"looking forward to\", \"getting ready to\", \"is starting to\", and similar expressions, or statements that events, conditions or results \"will\", \"may\", \"could\" or \"should\" occur or be achieved. As such, forward-looking statements are not historical facts but reflect our current assumptions and expectations regarding future events. These are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations and assumptions. Some of these risks and uncertainties are described under the \"Risks and Uncertainties\" section of Novra's MD&A. For the above reasons, readers are cautioned not to place undue reliance on forward-looking statements. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. # # # CONTACT FOR NOVRA: Harris Liontas CEO +1 204 989 4632 ... To view the source version of this press release, please visit SOURCE: Novra Technologies Inc. MENAFN08052025004218003983ID1109522038 Legal Disclaimer: MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.",
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      • "title": "Herbal Oasis Expands Southeast Presence With New Distribution Agreement In North Carolina",
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      • "description": "(MENAFN - Newsfile Corp)Charlotte, North Carolina--(Newsfile Corp. - May 7, 2025) - Herbal Oasis (\"Oasis\"), the hemp derived THC-infused social seltzer brand redefining how people connect, unwind, ...",
      • "content": "( MENAFN - Newsfile Corp)Charlotte, North Carolina--(Newsfile Corp. - May 7, 2025) - Herbal Oasis (\"Oasis\"), the hemp derived THC-infused social seltzer brand redefining how people connect, unwind, and celebrate life, is now proud to be distributed by Carolina Premium Beverage, serving Charlotte NC and surrounding counties. Starting in May, consumers will be able to find Oasis on shelves across North Carolina. This milestone marks Oasis's entrance into its third state in two months, following the successful launches into Alabama and Florida. The brand continues to build significant momentum as it expands distribution throughout the Southeast. A New Era of Social Beverages Oasis is crafted for the sober-curious, health-conscious, and socially active, and combines hemp-derived THC, CBG, and functional mushrooms to create a vibrant, elevated experience-without the regret. As consumers move toward alternative choices to alcohol to relax, Oasis offers a refreshing path forward: one that feels good, tastes great, and brings people together. \"Partnering with Carolina Premium Beverage is exciting for us. This allows us to better serve our customers and accelerate door openings in our home territory of Charlotte. It is another step in driving our growth in the Southeast,\" said Ronan Kennedy, CEO of cbdMD, parent company of Herbal Oasis. \"Their deep market reach and proven track record make them an ideal partner as we accelerate Oasis's growth across the Southeast.\" About Herbal Oasis Herbal Oasis is a premium THC-infused social seltzer that blends cannabinoids and nootropic mushrooms to deliver a fast-acting, functional beverage made for presence and connection. With an alcohol-free formula and wellness-forward ingredients, Oasis invites a better way to drink-one rooted in clarity, balance, and joy. More information can be found at . Oasis is a subsidiary of cbdMD, Inc. About cbdMD, Inc. cbdMD, Inc. (NYSE American: YCBD) (NYSE American: YCBDpA) is one of the leading and most highly trusted and most recognized cannabidiol (CBD) brands with a comprehensive line of U.S. produced, THC-free 1 CBD products, and an array of Farm Act compliant Delta 9 products. Our Paw CBD brand of pet products includes veterinarian-formulated products, and our ATRx brand of natural functional mushroom support. To learn more about cbdMD and our comprehensive line of U.S. grown, THC-free 1 CBD oil and Full Spectrum products as well as our other brands, please visit , , or ATRxlabs , follow cbdMD on Instagram and Facebook, or visit one of the thousands of retail outlets that carry cbdMD's products. About Carolina Premium Beverage Carolina Premium Beverage is a \"people first\" beer distributor in the Charlotte market that has served the community for over 80 years. Listening, planning, and executing is what makes CPB the preferred wholesale partner to over 40 suppliers and 2,800 retailers. Partnerships have positioned CPB in the top 1% of beer wholesalers in the nation, based on total volume and size. CPB's approach with their Supplier Partners and Customers is to strengthen partnerships through alignment on performance, priorities, and opportunities, while driving mutual success with actionable outcomes and a focus on trust, accountability, and value creation. Forward-Looking Statements This press release contains certain forward-looking statements that are based upon current expectations and involve certain risks and uncertainties within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Such forward-looking statements can be identified using words such as 'should,'' ''may,'' ''intends,'' ''anticipates,'' ''believes,'' ''estimates,'' ''projects,'' ''forecasts,'' ''expects,'' ''plans,'' and ''proposes.'' These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties, and other factors, some of which are beyond our control and difficult to predict. You are urged to carefully review and consider any cautionary statements, including but not limited to expectations on our ability to continue as a going concern, increasing our revenues, the development or future sales of Oasis products, regaining compliance with NYSE American continued listing requirements and other disclosures, including the statements made under the heading \"Risk Factors\" in cbdMD, Inc.'s Annual Report on Form 10-K for the fiscal year ended September 30, 2024 as filed with the Securities and Exchange Commission (the \"SEC\") on December 17, 2024, and our other filings with the SEC. All forward-looking statements, including Euromonitor international projections, involve significant risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements, many of which are generally outside the control of cbdMD, Inc. and are difficult to predict. cbdMD, Inc. does not undertake any duty to update any forward-looking statements except as may be required by law. The information which appears on our websites and our social media platforms, including, but not limited to, Instagram and Facebook, is not part of this press release. 1 THC-free is defined as below the level of detection using validated scientific analytical methods. MENAFN08052025004218003983ID1109522029 Legal Disclaimer: MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.",
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      • "description": "(MENAFN - Newsfile Corp)Toronto, Ontario--(Newsfile Corp. - May 7, 2025) - John McKenzie Chief Executive Officer, TMX Group, joined by representatives from BMO, Tethys, Altas Options, Alithya, ...",
      • "content": "( MENAFN - Newsfile Corp)Toronto, Ontario--(Newsfile Corp. - May 7, 2025) - John McKenzie Chief Executive Officer, TMX Group, joined by representatives from BMO, Tethys, Altas Options, Alithya, Broadridge, CSTA Canada, and Desjardins, to celebrate the 21st Annual TMX Equities Trading Conference and open the market. Cannot view this video? Visit: The 21st annual TMX Equities Trading Conference is a full day event providing an ideal opportunity for the Canadian investment community to discuss current issues and trends. MENAFN08052025004218003983ID1109522031 Legal Disclaimer: MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.",
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      • "description": "(MENAFN - Newsfile Corp) 82% of leaders expect risk management to be their biggest challenge in 2025 KPMG AI Trust services help organizations protect employees, companies and consumers as the ...",
      • "content": "( MENAFN - Newsfile Corp) 82% of leaders expect risk management to be their biggest challenge in 2025 KPMG AI Trust services help organizations protect employees, companies and consumers as the speed of AI adoption accelerates Enabled by ServiceNow AI Control Tower, KPMG AI Trust is designed to increase AI adoption with confidence New York, New York--(Newsfile Corp. - May 7, 2025) - KPMG International today announces KPMG AI Trust, a suite of services to help clients ensure AI reliability, accountability and transparency as they scale AI applications, leveraging KPMG's leading Trusted AI framework and the ServiceNow AI Control Tower, announced at Knowledge 2025, ServiceNow's annual customer and partner event. The proprietary solutions for clients are being built and scaled using the AI technology of KPMG's longstanding global alliance partner ServiceNow to create tools and processes that are designed to address the lifecycle of AI adoption. The KPMG AI Trust services leverage AI, including agents, to help clients improve value and address risk from AI strategy through operations with readiness, compliance, legal, regulatory, security, and risk transformation governance tech solutions. The suite of services offers a broad set of tools to help clients navigate the complexities of AI intake, assessment, development, deployment, management and monitoring, with the aim of ensuring that AI systems are secure, compliant and ethically sound. As data privacy and security concerns increase for organizations, 82% of leaders see risk management as their biggest challenge and 73% said data privacy and security is paramount when choosing a Gen AI (LLM) provider, according to the KPMG AI Quarterly Pulse survey . In addition, the recent Trust, attitudes and use of artificial intelligence global study showed that only 46% of people surveyed globally are willing to trust AI systems. \"We are at a critical turning point where AI is moving fast, but governance is lagging. It's not enough for AI to simply work; it needs to be trustworthy. By activating KPMG AI Trust with alliance partners like ServiceNow, we are taking a significant step forward in AI governance to set a new standard for AI risk management across all industries,\" said Bryan McGowan, Global Trusted AI Leader and US Trusted AI Leader, KPMG in the US. AI governance with confidence As AI is now the engine driving business strategy and value creation for many organizations, it is imperative to build trust in AI tools and processes to create consumer confidence, maintain regulatory compliance, and help ensure future productivity and growth. KPMG has created AI Trust, enabled by ServiceNow agentic AI, as a suite of automated and scalable governance protocols to help address AI risks and achieve compliance. This core set of assessment, inventory, integration, workflow and reporting capabilities include: Risk-tiered AI Solution Intake Evaluation: A systematic approach to assessing the risk levels of AI solutions, designed to ensure they meet necessary standards and business need. AI Inventory and Controls: Centralization of AI tools and application of Trusted AI Controls to enable application of policies and risk standards. AI Solution Pre-Launch Validations: Rigorous testing and validation processes designed to ensure AI solutions are thoroughly vetted before deployment. Dynamic Regulatory Applicability Assessments: Continuous monitoring and adaptation to changing regulatory and compliance landscapes, enabling compliance at every step. Delivery of KPMG AI Trust with ServiceNow will be supported by KPMG Velocity, launching later this year. KPMG Velocity helps enterprises to change smarter, move faster and thrive in the intelligent economy. It brings KPMG firms' consulting services, tech solutions, methods, enablers and alliances together within a transformative AI service delivery platform and ecosystem. A tech-enabled approach to AI governance KPMG has activated AI Trust with ServiceNow's AI technology, AI Control Tower, with the aim of continuously updating AI governance as technology and regulatory environments evolve. Clients can automate AI-related compliance processes to continuously monitor for regulatory and internal control compliance and embed the ServiceNow AI Control Tower on their platform. These tech solutions, available to clients using ServiceNow's large language models (LLM), are compatible with other LLM platforms. They can also integrate with ServiceNow's Integrated Risk Management software and incorporate the ServiceNow SecOps module, which enhances LLM security. \"Organizations must embed robust safeguards within AI systems and proactively anticipate evolving challenges. By adopting a forward-thinking approach to AI risk management today, businesses can fortify resilience, safeguard their assets, and fully harness the transformative power of AI innovation,\" said Michael Park, SVP and Global Head of AI Go-to-Market, ServiceNow . ServiceNow is a key technology provider within KPMG's broader alliances ecosystem focused on helping organizations automate AI adoption. To learn more about KPMG AI Trust services, connect with KPMG at ServiceNow Knowledge 2025 , 6-8 May 2025. Learn more about KPMG and ServiceNow. MENAFN08052025004218003983ID1109522026 Legal Disclaimer: MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.",
      • "pubDate": "2025-05-08 02:54:37",
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      • "title": "Panoplai Unveils Enterprise-Grade Interactive Data Repositories To Power Strategic Decision-Making",
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      • "description": "(MENAFN - Newsfile Corp)New York, New York--(Newsfile Corp. - May 7, 2025) - Panoplai , the AI-powered consumer insights platform used by several enterprise-scale brands, including within the ...",
      • "content": "( MENAFN - Newsfile Corp)New York, New York--(Newsfile Corp. - May 7, 2025) - Panoplai , the AI-powered consumer insights platform used by several enterprise-scale brands, including within the FAANG space , today announced the launch of the Panoverse, its new series of interactive data repositories for enterprises-a major product update designed to help teams innovate faster and market more effectively. The Panoverse ingests, structures, and analyzes fragmented research across internal and external sources. The update extends Panoplai's platform capabilities beyond data collection and digital twin creation to include ingestion of raw and analyzed assets, simplifying centralized insight generation at scale. The platform now delivers a panoramic view of a wide range of data types, including survey data, social media, interview transcripts, behavioral and POS data, and second-order analysis (decks, PDFs, etc.). Enterprise users can integrate these materials into a structured, searchable system that supports both qualitative and quantitative analysis, and dynamic chats with all of the data, or with digital twins of targeted customer segments, bringing previously disparate insights into a single purpose-built environment that gets smarter over time. Panoplai Logo To view an enhanced version of this graphic, please visit: Transforming Heterogeneous Data Into Actionable Insights \"Enterprise teams aren't lacking data-they're buried in it,\" said Adam Bai , chief strategy officer at Panoplai. \"This release allows organizations to unify everything they know about their audiences and markets, and start using that knowledge to make sharper, faster, more confident decisions.\" Unlike static repositories, the Panoverse is not a storage apparatus-it's a configurable insight orchestration partner and digital twin generator. Users can upload custom segmentation logic, apply advanced filters, and run structured analysis, including automated crosstabs and statistical comparisons, intuitively. Each insight is linked to source data, creating transparency and eliminating black-box ambiguity. \"The platform doesn't just provide answers; it shows its work,\" Bai noted. \"Every data-backed insight is anchored in its originating research, with references embedded directly into the workflow.\" Neil Dixit, CEO of Panoplai To view an enhanced version of this graphic, please visit: Stronger Foundations for Digital Twins and Enterprise Innovation Neil Dixit , chief executive officer at Panoplai, said the new capabilities address a critical challenge across the enterprise research ecosystem. \"Global brands are sitting on enormous volumes of unused research and analysis-much of it locked away in PDF decks, spreadsheets, and across disparate platforms and teams,\" Dixit said. \"With this launch, we're giving those teams the tools to bring that data to life-turning it into a living, searchable foundation for real-time innovation and discovery. Imagine product and marketing teams gaining instant customer feedback for new concepts or content.\" The new release also enhances the fidelity of Panoplai's digital twin models, allowing clients to simulate consumer behavior with entreprise-grade accuracy and confidence. By drawing from a broader, more structured set of internal and external sources-including previously analyzed material-the platform builds virtual customer segments and entire synthetic datasets with significantly greater depth and precision. Onboarding Panoplai is fast and efficient considering the complexity of the underlying technology. Most clients can pilot the platform within weeks using existing research assets or custom-created research. Panoplai provides hands-on client support and workflow guidance, along with built-in best practices to streamline early adoption. \"This isn't a consulting project or a black-box chatbot,\" Bai said. \"It's a structured intelligence layer designed to sit on top of the work companies are already doing and make it significantly more powerful.\" Scalable and Secure Underneath it all, the Panoverse is built on a robust infrastructure designed to handle extremely large and complex datasets across formats and sources. Data, files, and feeds are transformed into structured, searchable, and actionable intelligence. With built-in capabilities to generate accurate and reliable synthetic data, Panoplai aims to empower enterprises to simulate real-world responses with confidence. All data is encrypted, secure, and private. Bespoke versions of the Panoverse are available immediately to enterprise and agency clients. For more information, visit . MENAFN08052025004218003983ID1109522023 Legal Disclaimer: MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.",
      • "pubDate": "2025-05-08 02:54:35",
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      • "title": "TMX Group Announces Election Of Directors",
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      • "description": "(MENAFN - Newsfile Corp)Toronto, Ontario--(Newsfile Corp. - May 7, 2025) - TMX Group today announced that the nominees listed in the management proxy circular for the 2025 Annual and Special ...",
      • "content": "( MENAFN - Newsfile Corp)Toronto, Ontario--(Newsfile Corp. - May 7, 2025) - TMX Group today announced that the nominees listed in the management proxy circular for the 2025 Annual and Special Meeting of Shareholders were elected as directors of TMX Group Limited. Detailed results of the vote for the election of directors held at the Annual and Special Meeting on May 6, 2025 are set out below. Nominees Votes For % For Votes Withheld % Withheld Luc Bertrand 232,392,220 96.33 8,855,364 3.67 Stephanie Cuskley 241,193,494 99.98 54,090 0.02 Nicolas Darveau-Garneau 237,224,689 98.33 4,022,895 1.67 Martine Irman 238,766,354 98.97 2,481,230 1.03 Moe Kermani 240,213,006 99.57 1,034,578 0.43 William Linton 225,505,544 93.47 15,742,040 6.53 John McKenzie 239,172,722 99.14 2,074,862 0.86 Monique Mercier 234,503,806 97.20 6,743,778 2.80 Michael Ptasznik 239,966,374 99.47 1,281,210 0.53 Peter Rockandel 240,221,472 99.57 1,026,112 0.43 Claude Tessier 240,184,403 99.56 1,063,181 0.44 Ava Yaskiel 237,413,549 98.41 3,834,035 1.59 About TMX Group (TSX: X) TMX Group operates global markets, and builds digital communities and analytic solutions that facilitate the funding, growth and success of businesses, traders and investors. TMX Group's key operations include Toronto Stock Exchange , TSX Venture Exchange , TSX Alpha Exchange , The Canadian Depository for Securities , Montréal Exchange , Canadian Derivatives Clearing Corporation , TSX Trust , TMX Trayport , TMX Datalinx and TMX VettaFi , which provide listing markets, trading markets, clearing facilities, depository services, technology solutions, data products and other services to the global financial community. TMX Group is headquartered in Toronto and operates offices across North America (Montréal, Calgary, Vancouver and New York), as well as in key international markets including London, Singapore and Vienna. For more information about TMX Group, visit . Follow TMX Group on X: @TMXGroup . MENAFN08052025004218003983ID1109522018 Legal Disclaimer: MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.",
      • "pubDate": "2025-05-08 02:54:33",
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      • "title": "24/7 Market News: Siyata Mobile Sets Foundation With T-Mobile T-Priority Partnership, Fortune 100 Telecom Deal, And Historic Carrier Stocking Achievements",
      • "link": "https://menafn.com/1109522014/247-Market-News-Siyata-Mobile-Sets-Foundation-With-T-Mobile-T-Priority-Partnership-Fortune-100-Telecom-Deal-And-Historic-Carrier-Stocking-Achievements",
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      • "description": "(MENAFN - Newsfile Corp)Denver, Colorado--(Newsfile Corp. - May 7, 2025) - 247marketnews , a pioneer in digital media dedicated to the swift distribution of financial market news and information, ...",
      • "content": "( MENAFN - Newsfile Corp)Denver, Colorado--(Newsfile Corp. - May 7, 2025) - 247marketnews , a pioneer in digital media dedicated to the swift distribution of financial market news and information, reviews Siyata Mobile's (NASDAQ: SYTA) (\"Siyata\") recent transformative successes. Since Siyata's $160 million Core Gaming merger remains the focus, it's important to understand the merger math details. However, the following milestones underscore another layer of Siyata's compelling business model. Please click here for Merger Math Details, or insights from the ValueScope Report . Historic Achievement: Smallest Manufacturer to Secure Major U.S. Carriers Stocking Siyata, a global leader in Push-to-Talk over Cellular (PoC) devices and cellular signal booster systems, achieved a rare feat and is the smallest device manufacturer to secure stocked status with three of the top four major U.S. carriers, a milestone that required significant upfront investment, ranging from R&D to inventory. From 2020 to 2024, Siyata raised over $20 million through dilutive offerings, to fund these and other efforts amidst a challenging funding environment marked by rising interest rates and tightened capital markets. This investment enabled Siyata to certify its rugged SD7 handsets and VK7 vehicle devices for carrier networks, ensuring seamless integration and broad distribution. Siyata Mobile (NASDAQ: SYTA) This stocked status unlocks unique expansion opportunities, allowing Siyata to leverage carrier marketing channels and enterprise relationships, as seen in its recent Fortune 100 telecom deal, positioning it to capture a larger share of the $7 billion PoC market transitioning from land mobile radios (LMR) to cellular solutions. Fortune 100 Telecom Agreement: $1M Milestone Payments in 2025 Siyata's growth trajectory was further solidified by an April 28, 2025, development agreement with a Fortune 100 U.S.-based telecom company to design a unique MCPTT portable device, slated for commercial launch in Q1 2026. Under the terms, Siyata is eligible to receive up to $1,000,000 in milestone payments throughout 2025 for development and certification, providing non-dilutive capital to fuel expansion. This deal, leveraging Siyata's expertise in ruggedized PoC devices, targets first responders and public safety personnel, building on its carrier partnerships and recent marketing successes, such as integrations with JVCKenwood and IP Access International. T-Mobile T-Priority Partnership: Empowering First Responders On February 20, 2025, T-Mobile named Siyata as one of its \"key partners\" and Siyata's SD7 Ultra series 5G MCPTT cellular radio handsets as a pivotal component of its T-Priority 5G First Responder initiative, announced alongside a landmark connectivity deal with New York City. The SD7 Ultra, the first land mobile radio (LMR) replacement in the U.S. offering MCPTT on 5G, empowers public safety officials with reliable nationwide communications via T-Mobile's direct connect platform, the nation's largest 5G network. This partnership enhances response times and situational awareness for police, fire, and EMS, integrating advanced applications to save lives. Siyata's inclusion in T-Mobile's elite ecosystem validates its technological leadership and opens vast distribution channels, positioning it to capture a significant share of the $7 billion PoC market transitioning from LMR to cellular solutions. Core Gaming Merger: A Blockbuster Value Catalyst Siyata's $160 million merger with Core Gaming, announced February 26, 2025 and expected to close in Q2 2025, diversifies its portfolio into the $126 billion mobile gaming market. The merger's special stock dividend guarantees legacy shareholders at least 10% ownership. Core Gaming Please click here for Merger Math Details, or insights from the ValueScope Report . Stay Tuned: Don't Miss Out To ensure you don't miss future announcements, we encourage you to sign up for additional information Siyata's Investor Relations Portal: Follow Siyata on X: Click here for Siyata's investor presentation . For Investor Relation inquiries or to sign up for updates, please click here . Contact for Analyst Report coverage and other investor/public relations services. For additional 247marketnews Siyata disclosure . About Siyata Mobile Siyata Mobile Inc. is a leading global developer and provider of cellular communications solutions for enterprise customers, including first responders, transportation, logistics, and more. Their mission is to enable effective communication in critical moments through innovative technology. About 24/7 Market News 24/7 MarketNews is a leading market news platform for public companies. As a pioneer in digital media, we are dedicated to the swift distribution of financial market news and information. We take great pride in creating innovative public relations campaigns that help our clients reach their target audience. 24/7 MARKET NEWS, INC Disclaimer Please go to 24/7 Market News disclosure or for disclaimer information. 24/7MN will receive $2500 from a third party for covering Siyata this week and providing other services. MENAFN08052025004218003983ID1109522014 Legal Disclaimer: MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.",
      • "pubDate": "2025-05-08 02:54:32",
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      • "title": "Minnova Announces Private Placement Of Units",
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      • "description": "(MENAFN - Newsfile Corp)Toronto, Ontario--(Newsfile Corp. - May 7, 2025) - Minnova Corp. (TSXV: MCI) (OTC Pink: AGRDF) (\" Minnova \" or the \" Company \"), is pleased to announce a non-brokered ...",
      • "content": "( MENAFN - Newsfile Corp)Toronto, Ontario--(Newsfile Corp. - May 7, 2025) - Minnova Corp. (TSXV: MCI) (OTC Pink: AGRDF) (\" Minnova \" or the \" Company \"), is pleased to announce a non-brokered private placement financing for gross proceeds of up to $800,000 through the issuance of up to 16,000,000 units (the \" Units \") at a price of $0.05 per Unit (the \" Offering \"). Each Unit is comprised of one common share of the Company (each, a \" Common Share \") and one-half of one whole Common Share purchase warrant (each whole warrant, a \" Warrant \") of the Company. Each Warrant entitling the holder thereof to purchase one Common Share at a price of $0.10 per Common Share for a period of two (2) years from the date of issuance, provided, however, that should the closing price at which the Common Shares trade on the TSX Venture Exchange (or any such other stock exchange in Canada as the Common Shares may trade at the applicable time) exceed $0.20 for twenty (20) consecutive trading days at any time following the date that is four months and one day after the date of issuance, the Company may accelerate the Warrant term (the \" Reduced Warrant Term \") such that the Warrants shall expire on the date which is 30 business days following the date a press release is issued by the Company announcing the Reduced Warrant Term. Gross proceeds raised from the Offering will be used for the Company's PL Mine including; permitting, resource expansion and exploration drill program planning, as well as for general working capital purposes. Closing of the Offering is subject to receipt of all necessary corporate and regulatory approvals, including the approval of TSX Venture Exchange. All securities issued in connection with the Offering will be subject to a hold period of four months plus a day from the date of issuance and the resale rules of applicable securities legislation. This press release does not constitute an offer to sell or a solicitation of an offer to buy the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the \" U.S. Securities Act \") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons as defined under applicable United States securities laws unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available. About Minnova Corp. Minnova Corp. is focused on the restart of its PL Gold Mine, which included completion of a Positive Feasibility Study in 2018. The study concluded the restart of the PL Mine, at an average annual production rate of 46,493 ounces over a minimum 5-year mine life, was economically robust. Importantly the global resource remains open to expansion, as does the reserve. The PL Gold Mine benefits from a short pre-production timeline forecast at 15 months, a valid underground mining permit (Environment Act 1207E), an existing 1,000 tpd processing plant, over 7,000 meters of developed underground ramp to -135 metres depth. The project is fully road accessible and close to existing mining infrastructure in the prolific Flin Flon Greenstone Belt of Central Manitoba. For more information please contact: MENAFN08052025004218003983ID1109522013 Legal Disclaimer: MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.",
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      • "description": "(MENAFN - Newsfile Corp)Hong Kong, SAR--(Newsfile Corp. - May 7, 2025) - As summer approaches, the award-winning Dorsett Wanchai, Hong Kong , and Dorsett Mongkok, Hong Kong under Dorsett ...",
      • "content": "( MENAFN - Newsfile Corp)Hong Kong, SAR--(Newsfile Corp. - May 7, 2025) - As summer approaches, the award-winning Dorsett Wanchai, Hong Kong , and Dorsett Mongkok, Hong Kong under Dorsett Hospitality International, are thrilled to introduce the Family Stay & Play experience for family travelers. With the Fantastic 4 Family package , guests can enjoy complimentary breakfast for the entire family , and a wide range of thoughtful and delightful amenities for the little ones . Dorsett Wanchai and Dorsett Mongkok Promise a Fantastic Summer Vacation for Families To view an enhanced version of this graphic, please visit: A Beyond Thoughtful Family Stay & Play Experience From the moment guests step into the hotel, they are welcomed by a complimentary candy bar (available daily from 6-7 pm). Upon check-in, children receive a surprise \"Little Foodies\" snack box and the hotel's signature Jasper teddy , providing adorable companionship throughout their stay in Hong Kong. Inside the rooms, families will find a range of kids' amenities , including kid-size slippers and branded shower products. For families traveling with babies, the hotels offer complimentary rentals of baby cots, feeding amenities, and bathing and hygiene essentials, ensuring a hassle-free stay. To keep kids entertained, Teddy Jasper's Adventure Kit, complete with board games and a music night light, is also available. At Dorsett Wanchai, children will be delighted with an in-room piñata surprise (for selected bookings) and the Star Wars pinball machine in the hotel lobby. For more information and reservation, please visit: Dorsett Wanchai Dorsett Mongkok Hashtag: #DorsettWanchai #DorsettMongkok The issuer is solely responsible for the content of this announcement. Media Contact: Ms. Felicity Cheung ... To view the source version of this press release, please visit SOURCE: Media OutReach MENAFN08052025004218003983ID1109522012 Legal Disclaimer: MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.",
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      • "title": "TORM Plc Q1 2025 Results, Dividend Distribution, And Financial Outlook 2025",
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      • "description": "(MENAFN - PR Newswire)HELLERUP, Denmark, May 8, 2025 /PRNewswire/ -- \"TORM delivered a solid first-quarter result in line with our expectations despite continued geopolitical uncertainty,\" says ...",
      • "content": "( MENAFN - PR Newswire) HELLERUP, Denmark, May 8, 2025 /PRNewswire/ -- \"TORM delivered a solid first-quarter result in line with our expectations despite continued geopolitical uncertainty,\" says Jacob Meldgaard. Financial Results In the first quarter of 2025, TORM generated time charter equivalent earnings (TCE) of USD 214.0m including unrealized losses on derivatives of USD -2.1m (2024, same period: USD 330.7m including unrealized losses on derivatives of USD -1.4m). Adjusted EBITDA totaled USD 137.7m (2024, same period: USD 267.2m), while net profit for the period amounted to USD 62.9m (2024, same period: USD 209.2m), reflecting significantly lower freight rates compared to the same quarter last year, yet remained in line with levels observed in the fourth quarter of 2024. By early 2025, trade volumes on routes most affected by the Red Sea disruption had declined by around one-third, which effectively negated the distance-driven ton-miles gains. Encouragingly, product tanker ton-miles began to rebound in March 2025. In case of a reopening of the Red Sea, the Middle East-to-Europe trade flows would be expected to be restored, thus reducing the incentive for crude tankers to carry clean petroleum products (\"CPP\") around the Cape of Good Hope. Further, a potential easing of sanctions on Russia could lead to a partial or full return to shorter trade distances and bring previously sanctioned vessels back into the mainstream market. However, this may be partially offset by the scrapping of older tonnage, particularly vessels that are poorly maintained or unable to obtain adequate insurance coverage. U.S. tariffs are not expected to directly affect oil and oil product flows, but they may have an indirect impact through slower global economic growth. Additionally, Chinese retaliatory tariffs could prompt a shift from LPG to naphtha in the country's petrochemical industry. Tighter U.S. sanctions on Iran and Venezuela are also expected to positively influence the crude tanker segment by redirecting trade and increasing utilization of the non-sanctioned fleet. This, in turn, reduces the risk of further crude cannibalization in the CPP market. In this market, TORM achieved TCE rates of USD/day 26,807 on average (2024, same period: USD/day 43,152), and available earning days increased to 8,061 (2024, same period: 7,697). Our vessel class LR2 achieved TCE rates of USD/day 33,806, the LR1 vessels achieved TCE rates of USD/day 24,947, and the MR vessels achieved TCE rates of USD/day 24,675. For the first quarter of 2025, Return on Invested Capital amounted to 10.3% (2024, same period: 33.8%) reflecting the lower freight rates compared to the very high levels seen a year ago. During the quarter, the weighted number of average outstanding shares excluding treasury shares was 97.4m shares which combined with the net profit led to basic EPS of USD 0.64 (2024, same period: USD 2.34). Key Figures USDm Q1 2025 Q1 2024 Change 2024 Time charter equivalent earnings (TCE) 214.0 330.7 (116.7) 1,134.8 EBITDA 135.6 265.8 (130.2) 850.8 Adjusted EBITDA * 137.7 267.2 (129.5) 844.2 Net profit/(loss) for the period 62.9 209.2 (146.3) 611.5 Unrealized gains/(losses) on derivatives (2.1) (1.4) (0.7) 6.6 TCE per day (USD) * 26,807 43,152 -16,345 36,061 Basic earnings/(loss) per share (USD) 0.64 2.34 (1.70) 6.54 Dividend per share (USD) 0.40 1.50 (1.10) 5.10 Dividend pay-out ratio 62 % 64 % (2) % 78 % * Excludes unrealized gains/losses on derivatives. Vessel transactions In early 2025, TORM sold the 2005-built MR vessels TORM Ragnhild, TORM Resilience, and TORM Thames. The vessels were all delivered to their new owners during the first quarter of the year. Also, after the end of the quarter TORM sold one 2008-built LR2 vessel. Distribution of Dividend TORM's Board of Directors has today approved an interim dividend for the first quarter of 2025 of USD 0.40 per share to be paid to the shareholders corresponding to an expected total dividend payment of USD 39.1m. The distribution for the quarter is equivalent to 62% of net profit and reflects the Distribution Policy. The payment date is 04 June 2025 to all shareholders on record as of 22 May 2025, and the ex-dividend date is 21 May 2025 for the shares listed on Nasdaq OMX Copenhagen and 22 May 2025 for the shares listed on Nasdaq New York. Financial Outlook 2025 As of 05 May 2025, TORM had covered 57% of the Q2 2025 earning days at an average rate of USD/day 28,026 . By vessel class, coverage stood at 64% for LR2s at USD/day 36,831, 46% for LR1s at USD/day 29,714 and 57% for MRs at USD/day 24,150 For the full year 2025 43% of the earning days have been fixed at an average rate of USD/day 27,829. The remaining 57% of the earning days in 2025 - equivalent to 18,454days - remain open and thus subject to market fluctuations. A change in freight rates of USD/day 1,000 will, all else equal, impact EBITDA by approximately USD 18m Based on the earnings realized in the first quarter of the year as well as the coverage for the remaining part of the year, TORM narrows the full-year 2025 guidance. Thus, TCE earnings are expected to be in the range of USD 700 - 900m (2024: USD 1,135m), and EBITDA is expected to be in the range of USD 400 – 600m (2024: USD 851m) based on the current fleet size. Webcast and Conference Call TORM will host a webcast and conference call for investors and analysts today, Thursday 08 May 2025 at 09:00 am Eastern Time / 03:00 pm Central European Time. Participants joining webcast: Please access the webcast here . Participants joining by telephone: Please call one of the dial-in numbers below at least ten minutes prior to the start (Conference ID: 4116028): Denmark: +45 32 74 07 10 United Kingdom: +44 20 3481 4247 United States: +1 (646) 307 1963 Contacts Mikael Bo Larsen, Head of Investor Relations Tel.: +45 5143 8002 About TORM TORM is one of the world's leading carriers of refined oil products. TORM operates a fleet of product tanker vessels with a strong commitment to safety. environmental responsibility and customer service. TORM was founded in 1889 and conducts business worldwide. TORM's shares are listed on Nasdaq in Copenhagen and on Nasdaq in New York (ticker: TRMD A and TRMD. ISIN: GB00BZ3CNK81). For further information. please visit . Safe Harbor Statement as to the Future Matters discussed in this release may constitute forward-looking statements. The Private Securities Litigation Reform Act of 1995 provides safe harbor protections for forward-looking statements in order to encourage companies to provide prospective information about their business. Forward-looking statements reflect our current views with respect to future events and financial performance and may include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are statements other than statements of historical facts. The Company desires to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe harbor legislation. Words such as, but not limited to, \"expects,\" \"anticipates,\" \"intends,\" \"plans,\" \"believes,\" \"estimates,\" \"targets,\" \"projects,\" \"forecasts,\" \"potential,\" \"continue,\" \"possible,\" \"likely,\" \"may,\" \"could,\" \"should\" and similar expressions or phrases may identify forward-looking statements. The forward-looking statements in this release are based upon various assumptions, many of which are, in turn, based upon further assumptions, including without limitation, management's examination of historical operating trends, data contained in our records and other data available from third parties. Although the Company believes that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies that are difficult or impossible to predict and are beyond our control, the Company cannot guarantee that it will achieve or accomplish these expectations, beliefs, or projections. Important factors that, in our view, could cause actual results to differ materially from those discussed in the forward-looking statements include, but are not limited to, our future operating or financial results; changes in governmental rules and regulations or actions taken by regulatory authorities; inflationary pressure and central bank policies intended to combat overall inflation and rising interest rates and foreign exchange rates; general domestic and international political conditions or events, including \"trade wars\" and the war between Russia and Ukraine, the developments in the Middle East, including the war in Israel and the Gaza Strip, and the conflict regarding the Houthis' attacks in the Red Sea; international sanctions against Russian oil and oil products; changes in economic and competitive conditions affecting our business, including market fluctuations in charter rates and charterers' abilities to perform under existing time charters; changes in the supply and demand for vessels comparable to ours and the number of newbuildings under construction; the highly cyclical nature of the industry that we operate in; the loss of a large customer or significant business relationship; changes in worldwide oil production and consumption and storage; risks associated with any future vessel construction; our expectations regarding the availability of vessel acquisitions and our ability to complete acquisition transactions planned; availability of skilled crew members other employees and the related labor costs; work stoppages or other labor disruptions by our employees or the employees of other companies in related industries; effects of new products and new technology in our industry; new environmental regulations and restrictions; the impact of an interruption in or failure of our information technology and communications systems, including the impact of cyber-attacks, upon our ability to operate; potential conflicts of interest involving members of our Board of Directors and Senior Management; the failure of counterparties to fully perform their contracts with us; changes in credit risk with respect to our counterparties on contracts; adequacy of insurance coverage; our ability to obtain indemnities from customers; changes in laws, treaties or regulations; our incorporation under the laws of England and Wales and the different rights to relief that may be available compared to other countries, including the United States; government requisition of our vessels during a period of war or emergency; the arrest of our vessels by maritime claimants; any further changes in U.S. trade policy that could trigger retaliatory actions by the affected countries; the impact of the U.S. presidential and congressional election results affecting the economy, future government laws and regulations and trade policy matters, such as the imposition of tariffs and other import restrictions; potential disruption of shipping routes due to accidents, climate-related incidents, adverse weather and natural disasters, environmental factors, political events, public health threats, acts by terrorists or acts of piracy on ocean-going vessels; damage to storage and receiving facilities; potential liability from future litigation and potential costs due to environmental damage and vessel collisions; and the length and number of off-hire periods and dependence on third-party managers. In the light of these risks and uncertainties, undue reliance should not be placed on forward-looking statements contained in this release because they are statements about events that are not certain to occur as described or at all. These forward-looking statements are not guarantees of our future performance, and actual results and future developments may vary materially from those projected in the forward-looking statements. Except to the extent required by applicable law or regulation, the Company undertakes no obligation to release publicly any revisions or updates to these forward-looking statements to reflect events or circumstances after the date of this release or to reflect the occurrence of unanticipated events. Please see TORM's filings with the U.S. Securities and Exchange Commission for a more complete discussion of certain of these and other risks and uncertainties. The information set forth herein speaks only as of the date hereof, and the Company disclaims any intention or obligation to update any forward-looking statements as a result of developments occurring after the date of this communication. This information was brought to you by Cision ,c4146527 The following files are available for download: Q1 2025 Report 13-2025 - TORM plc Q1 2025 Results Dividend Distribution and Financial Outlook 2025 SOURCE Torm PLC WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE?440k+ Newsrooms & Influencers9k+ Digital Media Outlets270k+ Journalists Opted InGET STARTED MENAFN08052025003732001241ID1109521995 Legal Disclaimer: MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.",
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      • "title": "NRD Cyber Security Recorded Strong Growth And International Expansion In 2024",
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      • "description": "(MENAFN - GlobeNewsWire - Nasdaq) NRD Cyber Security has enjoyed a year of significant growth, innovation and international expansion in 2024. The company generated consolidated revenue of EUR ...",
      • "content": "( MENAFN - GlobeNewsWire - Nasdaq) NRD Cyber Security has enjoyed a year of significant growth, innovation and international expansion in 2024. The company generated consolidated revenue of EUR 10,194 million last year, an increase of 37.6% compared to 2023. Net profit increased by 23.3% to EUR 1,012 million last year. \"These results reflect not only the growing global demand for cybersecurity services, but also the ability of our team to implement complex projects both in Lithuania and in international markets. We notice and respond to the growing need of organisations to increase their cyber resilience not only at the operational level by organizing their business processes and procedures, but also to strengthen the resilience of their IT infrastructure and improve the detection mechanisms for cyber threats,\" says Vilius Benetis, Director of NRD Cyber Security. In addition to providing cybersecurity services, the company has developed internationally recognised security solutions such as the centralised cyber threat monitoring platform Natrix. In 2024, there was a continued cooperation with the Central Bank of Egypt, extending the capabilities of Natrix, which has already been deployed in the Egyptian financial sector. In 2024, NRD Cyber Security made significant additions to its portfolio of international projects with other large-scale projects. A major cross-cutting project with the European Union Agency for Cybersecurity (ENISA) was completed to strengthen the cyber resilience of EU countries. NRD Cyber Security carried out a risk assessment and tested the cyber security preparedness of the public sector. Other projects of note include the development of a postal ISAC for the Universal Postal Union (UPU), a specialised agency of the United Nations (UN), and the design of a cybersecurity incident response team for the Eastern Caribbean Region. NRD Cyber Security, which is growing rapidly, not only strengthens cyber resilience in different countries, but also actively invests in the development of innovative solutions that meet both national and EU strategic priorities. The company's built-in mechanisms already allow Security Operations Centres (SOCs) to exchange critical information in real time and to identify and report cyber threats more quickly either to their own organisations, or to the customers they serve. About NRD Cyber Security NRD Cyber Security offers cybersecurity solutions, consulting, and other services. The company aims to create secure digital environments for countries, governments, and businesses, and undertakes a wide range of projects around the world. The company is managed by INVL Technology, a Nasdaq Vilnius-listed IT investment company. The person authorized to provide additional information: INVL Technology Managing Partner Kazimieras Tonkūnas E-mail ... Attachment NRD CS_Annual results for 2024.pdf MENAFN08052025004107003653ID1109521993 Legal Disclaimer: MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.",
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      • "title": "AGII Introduces Logic-Powered AI Engines To Guide Adaptive Infrastructure",
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      • "description": "(MENAFN - EIN Presswire)Strengthening decentralized ecosystems with AI-driven risk detection.New infrastructure-ready AI systems optimize blockchain logic flow, improving performance, scalability, ...",
      • "content": "( MENAFN - EIN Presswire) Strengthening decentralized ecosystems with AI-driven risk detection. New infrastructure-ready AI systems optimize blockchain logic flow, improving performance, scalability, and real-time adaptability in Web3 environments. SEATTLE, WA, UNITED STATES, May 8, 2025 /EINPresswire / -- AGII , a leading AI-driven Web3 platform, has launched a powerful new class of logic-powered AI engines to transform how blockchain infrastructure adapts and scales. Designed for intelligent automation, these models deliver predictive and reactive capabilities to decentralized networks, empowering developers and enterprises to unlock greater speed and security in their applications. As blockchain systems evolve, the need for more intelligent infrastructure has grown. AGII's latest engines use logical reasoning frameworks to manage and distribute smart contract logic dynamically. This means faster execution, reduced energy consumption, and autonomous infrastructure-wide responses to data patterns and operational triggers. These enhancements position AGII as a critical layer for advancing next-gen decentralized tools. With autonomous scaling and intelligent process routing, AGII's logic-powered AI optimizes how dApps interact with evolving data loads, security events, and workflow requirements. The engines enable networks to self-regulate during high-volume conditions, reduce latency in contract execution, and improve auditability through structured decision layers. This innovation marks another step in AGII's roadmap toward full AI-Web3 synergy. The platform is continuously integrating advanced decision-making systems that allow decentralized ecosystems to function like intelligent, living systems-adapting, evolving, and responding in real-time. About AGII AGII is an AI-powered Web3 platform committed to advancing decentralized systems through scalable, secure, and adaptive intelligence. With tools that span smart contract automation, real-time risk detection, and predictive infrastructure, AGII empowers developers, users, and enterprises to build the future of Web3. Dorothy Marley KaJ Labs + +1 707-622-6168 email us here Legal Disclaimer: EIN Presswire provides this news content \"as is\" without warranty of any kind. We do not accept any responsibility or liabilityfor the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in thisarticle. If you have any complaints or copyright issues related to this article, kindly contact the author above. MENAFN08052025003118003196ID1109521988 Legal Disclaimer: MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.",
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      • "title": "Global Wine Tourism Market Set For Rapid Growth By 2035, Driven By Experiential Travel And Sustainable Tourism Trends",
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      • "description": "(MENAFN - EIN Presswire)Rising demand for authentic wine experiences, sustainable travel, and rural tourism is fueling significant growth in the global wine tourism market.NEWARK, DE, UNITED ...",
      • "content": "( MENAFN - EIN Presswire) Rising demand for authentic wine experiences, sustainable travel, and rural tourism is fueling significant growth in the global wine tourism market. NEWARK, DE, UNITED STATES, May 8, 2025 /EINPresswire / -- The global wine tourism market is on track for significant expansion, projected to grow from USD 108.3 billion in 2025 to a staggering USD 358.6 billion by 2035, according to newly released market insights. This growth represents a compound annual growth rate (CAGR) of 12.7% over the forecast period, signaling a robust demand for immersive, wine-focused travel experiences across the globe. Wine tourism-also known as oenotourism or vineyard tourism-is gaining traction as consumers increasingly seek authentic, culturally rich travel experiences. Tourists are no longer content with traditional sightseeing; they want to engage deeply with destinations, local gastronomy, and winemaking traditions. This shift in travel preferences is driving up demand for wine tasting tours, vineyard stays, winery festivals, and rural wine experiences, particularly in regions with strong viticultural heritage. Discover key market opportunities – Request your sample report now! Experiential and Sustainable Travel Trends Fuel Growth The rapid growth of the wine tourism market is closely tied to the broader rise of experiential tourism and sustainable travel trends. Travelers are actively seeking destinations that offer not just scenic beauty but meaningful experiences such as harvest participation, guided vineyard tours, artisanal food pairings, and sommelier-led tasting sessions. Furthermore, eco-conscious tourists are increasingly drawn to wineries that implement sustainable viticulture practices, adding another layer of appeal to wine-based travel. Millennials and Gen Z travelers are particularly influential in reshaping the market. With their preference for unique, shareable travel moments and boutique experiences, this demographic is a key driver behind the rising interest in boutique wineries, biodynamic vineyards, and countryside wine trails. Regional Insights .Europe remains the leading hub, with iconic wine regions like Bordeaux, Tuscany, and La Rioja drawing strong tourist flows and luxury wine experiences. .North America is growing steadily, with Napa Valley and Canada's Okanagan Valley offering premium, tech-enhanced wine tourism options. .Asia-Pacific is the fastest-growing region, with rising wine culture and emerging destinations like India's Nashik and China's Ningxia. .Latin America is gaining traction, led by Argentina and Chile, where scenic vineyards and organic wine experiences attract global travelers. .Middle East & Africa show niche potential, with South Africa's Western Cape leading in wine and nature tourism, supported by sustainability efforts. Discover new opportunities and gain transformative insights with our Culinary Tourism Sector Reports! Technology Enhancing the Wine Travel Experience The wine tourism sector is also leveraging technology to create digital wine tours, virtual vineyard experiences, and mobile wine apps that help tourists plan, book, and enhance their journeys. From AI-powered wine pairing tools to AR experiences within wineries, the blending of tech with tradition is opening new pathways for market growth. Emerging Trends in the Wine Tourism Market .Rise of Sustainable and Organic Wine Tourism: Eco-conscious tourists are favoring wineries that practice sustainable viticulture, organic farming, and carbon-neutral operations. .Growing Appeal of Boutique and Offbeat Wine Destinations: Tourists are exploring lesser-known wine regions for authentic, crowd-free experiences in emerging markets like Georgia, India, and Uruguay. .Fusion of Wine with Wellness and Culture: Wine tourism is being combined with wellness retreats, art exhibitions, culinary workshops, and heritage site visits to attract a broader audience. .Customization and Personalization: Tour operators and wineries are offering tailored packages based on traveler profiles, including dietary preferences, wine expertise, and lifestyle interests. ] Key Companies Profiled .BKWine Tours .Gourmet Touring .González Byass .Villa Melnik Winery .Vergelegen Estate .Compañía Vinícola del Norte de España (CVNE) .Viña Matetic .Napa Valley Wine Train .Delaire Graff Estate .Maison .Rémy Martin .Bodega Trapiche .Ottella Get Full Access of this Report: Wine Tourism Market Segmentation By Activity Type: .Winery Visits and Tasting .Wine Trails .Wine Festivals and Events .Wine Education and Workshops .Other Activities By Age Group: .Less than 20 years .20 – 30 years .30 – 40 years .40 – 50 years .Over 50 years By Demography: .Men .Women By Tourism Type: .Domestic Tourists .International Tourists By Tour Type: .Individual .Group By Region: .North America .Eastern Europe .Western Europe .East Asia .South Asia and Pacific .Latin America .Middle East and Africa Explore Related Research Report on Culinary Tourism Industry Spain Wine Tourism Market: Growth & Forecast to 2035: Brazil Culinary Tourism Market: Trends, Growth & Forecast to 2035: France Culinary Tourism Market: Growth Insights & Forecast to 2035: Peer-to-Peer Dining Market: Demand Trends & Forecast to 2035: Mobile Food Services Market: Growth Analysis & Forecast to 2035: About Future Market Insights (FMI) Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries. Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise. Contact Us: Future Market Insights Inc. Christiana Corporate, 200 Continental Drive, Suite 401, Newark, Delaware - 19713, USA T: +1-347-918-3531 For Sales Enquiries: ... Website: LinkedIn| Twitter| Blogs | YouTube Ankush Nikam Future Market Insights, Inc. +91 90966 84197 email us here Visit us on social media: LinkedIn Facebook YouTube X Legal Disclaimer: EIN Presswire provides this news content \"as is\" without warranty of any kind. We do not accept any responsibility or liabilityfor the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in thisarticle. If you have any complaints or copyright issues related to this article, kindly contact the author above. MENAFN08052025003118003196ID1109521987 Legal Disclaimer: MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.",
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      • "title": "Securitas AB Interim Report Q1 2025 January-March",
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      • "description": "(MENAFN - PR Newswire)STOCKHOLM, May 8, 2025 /PRNewswire/ -- January–March 2025 Total sales MSEK 39 606 (39 260) Organic sales growth 3 percent (7) Real sales growth within technology and ...",
      • "content": "( MENAFN - PR Newswire) STOCKHOLM, May 8, 2025 /PRNewswire/ -- January–March 2025 Total sales MSEK 39 606 (39 260) Organic sales growth 3 percent (7) Real sales growth within technology and solutions 5 percent (7) Operating income before amortization MSEK 2 525 (2 357) Operating margin 6.4 percent (6.0) Earnings per share, SEK 2.29 (1.84) Earnings per share before IAC, SEK 2.36 (2.12) Net debt/EBITDA ratio 2.5 (2.9) Cash flow from operating activities 1 percent (–15) Comments from the President and CEO \"A good start to the year. We started 2025 with an improved operating margin of 6.4 percent (6.0) in the first quarter, supported by improvements across all business segments. Both security services and technology & solutions improved the operating margin. Organic sales growth was 3 percent. Real sales growth in technology and solutions reached 5 percent, reflecting continued progress in shifting towards higher-margin technology and solutions services. Operating cash flow improved com­pared to last year and our balance sheet remained strong. A RESILIENT BUSINESS In a time characterized by heightened global uncertainty and geopolitical risks, clients navigate an increasingly complex risk landscape. Our long-term partnership approach, strengthened by deep security expertise, a global presence and AI­-enabled digital capa­bil­ities, sets us apart as the preferred partner in the market. Our resilient business model has consistently proven its strength over time. By primarily delivering local security services in close proximity to our clients, we limit exposure to shifts in the global trade landscape and macro volatility. Although uncertainty remains, we had no material impact in the first quarter. We remain vigilant, closely monitoring development together with our clients. We have had a strong focus on portfolio management in our security services business. Combined with substantially better margins on new sales through our improved offering, we have materially improved the profitability. In North America, we have addressed the low-margin contracts, allowing us to shift our focus towards profitable growth. During the coming twelve months we will address the majority of non-performing contracts in Europe and Ibero-America. We are continuously enhancing our offering, laying a strong foundation for sustained margin growth over time. The business optimization program initiated at the start of the year is on track to achieve MSEK 200 in annual­ized savings by the end of 2025. We continue to evaluate our business mix and presence to sharpen long-term performance and competitive position. In the first quarter, we successfully completed the divestment of our air­port security business in France. We are assessing our strategic options related to the busi­ness unit Securitas Critical Infra­structure Services (SCIS) and expect to conclude the assessment during the year. CREATING LONG-TERM SHAREHOLDER VALUE Our first-quarter performance, with 16 percent growth of earnings per share, is aligned with our plan, and we remain committed to achieving our target of 8 percent operating margin by the end of 2025. We continue to shape Securitas into a company well-positioned to consistently deliver long-term value to our shareholders.\" Magnus Ahlqvist President and CEO PRESENTATION OF THE INTERIM REPORT Analysts and media are invited to participate in a telephone ­conference on May 8, 2025, at 9.30 a.m. (CEST) where President and CEO Magnus Ahlqvist and CFO Andreas Lindback will present the report and answer questions. The ­telephone conference will also be audio cast live via Securitas' website To follow the audio cast of the telephone conference via the web, please follow the link /en/investors/financial-reports-and-presentations/ A recorded version of the audio cast will be available at /en/investors/financial-reports-and-presentations/ after the ­telephone conference. For further information, please contact: Micaela Sjökvist, Vice President, Investor Relations +46 76 116 7443 ABOUT SECURITAS Securitas is a world-leading safety and security solutions partner that helps make your world a safer place. Nine decades of deep experience means we see what others miss. By leveraging technology in partnership with our clients, ­combined with an innovative, holistic approach, we're transforming the security ­industry. With approximately 336 000 employees in 44 markets, we see a ­different world and ­create sustainable value for our clients by protecting what matters most – their people and assets. Group financial targets Securitas has four financial targets: 8–10 percent technology and solutions annual average real sales growth 8 percent Group operating margin by year-end 2025, with a >10 percent ­long-term operating margin ambition A net debt to EBITDA ratio below 3.0x An operating cash flow of 70–80 percent of operating income before ­amortization Securitas AB (publ.) P.O. Box 12307, SE-102 28 Stockholm, Sweden Visiting address: Lindhagensplan 70 Telephone: +46 10 470 30 00 Corporate registration number: 556302–7241 This is information that Securitas AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 8.00 a.m. (CEST) on Thursday, May 8, 2025. This information was brought to you by Cision ,c4147092 The following files are available for download: Q12025_eng_final SOURCE Securitas WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE?440k+ Newsrooms & Influencers9k+ Digital Media Outlets270k+ Journalists Opted InGET STARTED MENAFN08052025003732001241ID1109521936 Legal Disclaimer: MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.",
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      • "description": "(MENAFN - GlobeNewsWire - Nasdaq) Over a thousand attendees will gather at TCF '25 to explore Generative AI and other next-gen technologies transforming bankingGRAND-LANCY, Switzerland, May 08, 2025 ...",
      • "content": "( MENAFN - GlobeNewsWire - Nasdaq) Over a thousand attendees will gather at TCF '25 to explore Generative AI and other next-gen technologies transforming banking GRAND-LANCY, Switzerland, May 08, 2025 (GLOBE NEWSWIRE) -- Temenos (SIX: TEMN), a global leader in banking technology, today announced that over a thousand global banking industry representatives will come together at the Temenos Community Forum (TCF) in Madrid, May 20-22, to explore transformative technologies shaping the future of banking. Registration for the event is open and an invitation can be requested here . “Leading the Way” is the theme of this year's TCF, which will feature over 60 engaging sessions highlighting bold ideas, product innovations and cutting-edge technology to help banks address operational challenges and stay ahead of the curve. With a focus on the transformative potential of Generative AI, the agenda will feature Dr Jonnie Penn, Associate Teaching Professor of AI Ethics and Society at the University of Cambridge, who will share his insights on the technology, as well as best practice and use cases in banking. This will be complemented by the real-world experience of banks such as ABN Amro , Banque Internationale à Luxembourg and EQ Bank showcasing how they are unlocking innovation, enhancing efficiency and elevating customer experiences. They will be among over 40 Temenos customers sharing their insights at the event, with leading financial institutions including Commerce Bank , Komerční banka and Credem . The event will also feature Temenos' extensive partner ecosystem, including Platinum sponsors HCLTech and Microsoft, as well as Gold sponsors Capgemini, Cognizant, IBM, NTT Data and Tech Mahindra, and other innovative fintech solution partners. Through an engaging and interactive program, attendees will gain insights on Temenos' product roadmap and the latest advances in core banking, digital and payments through product demos, in-depth breakout sessions and meetings with Temenos experts. They will be able to join roundtables to share knowledge and best practices with their peers on high-impact topics such as migrating core banking systems, moving to SaaS, deploying a Gen AI governance model to better enhance customer experience, and fighting fraud without increasing risk. Isabelle Guis , Chief Marketing Officer, Temenos, commented: “The financial industry is at a turning point as banks grapple with the opportunities and challenges of emerging technologies, evolving regulations and shifting customer expectations. Banks collectively spend around $650bn annually on IT, more as a percentage of revenue than any other industry. Top performers invest more of their IT spend on growth and innovation, successfully harnessing technology as a differentiator. At TCF 2025, banks have a unique opportunity to learn from those leading the way, discuss bold ideas and together explore how to unlock the huge potential of GenAI and other game-changing technologies. I look forward to welcoming our customers and partners to Madrid as we work together to shape the future of banking.” CONTACT: Scott RoweTemenos+ 44 (0) 20 7423 3857... MENAFN08052025004107003653ID1109521933 Legal Disclaimer: MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.",
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      • "content": "( MENAFN - GlobeNewsWire - Nasdaq) May 8, 2025 Announcement no. 15 Continued progress on key strategic milestones in Q1 2025. Total revenue in line with expectations and guidance for 2025 maintained. Interim results and a business update for the first quarter of fiscal 2025 Copenhagen, Denmark, May 8, 2025, (GLOBE NEWSWIRE) – BioPorto A/S (“BioPorto” or the“Company”) (CPH:BIOPOR) today announced interim financial results for the first three months of 2025 and a business update. Continued progress on key strategic milestones in Q1 2025 Preparations for the commercial launch of ProNephro AKI NGAL in the U.S. for pediatric use are progressing as expected. The enrollment of patients in the ProNephro AKI (NGAL) study for adult use has been progressing at a faster pace than anticipated. We maintain our goal to submit to the FDA by the end of 2026. Continued NGAL Research Use Only (RUO) sales growth of 20% in BioPorto's key strategic market in the U.S. Peter Mørch Eriksen, BioPorto's Group Chief Executive Officer (CEO), comments: “I am satisfied with the progress made in the first quarter of 2025. I am pleased with the continued growth in NGAL RUO sales in the U.S. despite the pending launch of ProNephro AKI (NGAL) for pediatric use. The enrollment of patients in the adult clinical study has been progressing faster than anticipated and we are well on track with 2025 milestones. Finally, on April 16, we successfully completed an issuance of 25,000,000 new shares, providing gross proceeds of DKK 33.5 million. I am delighted by the strong commitments from both our largest existing shareholders and new investors drawn to our Company and the investment case.” Financial highlights for Q1 2025 Revenue in the first three months of 2025 totaled DKK 7.7 million as expected. This corresponds to a 19% decrease compared to the same period last year, primarily due to a shift in timing of bulk orders for NGAL sales in the rest of the world (ROW) from Q1 2025 to later in 2025. NGAL sales in the U.S. for RUO continued to increase and were up 20% compared to Q1 2024. However, sales in ROW declined, leading to a 25% decline in total NGAL sales compared to the same period last year. EBITDA loss in Q1 2025 amounted to DKK 28.1 million compared to DKK 15.3 million in the same period last year. The increase is primarily driven by higher costs associated with the clinical study for adults. Full-year guidance is maintained. In 2025, BioPorto expects revenue of DKK 45-60 million, with back end loaded sales. Adjusted EBITDA loss is expected in the range DKK 75-85 million. Q1 2025 Q1 2024 Change pct. Guidance FY 2025 DKK MILLION Revenue 7.7 9.5 -19% 45-60 Adjusted EBITDA loss 28.1 15.3 83% 75-85 Events after the reporting period On April 16, 2025, the Company successfully completed a funding round of 25,000,000 new shares in a direct issue at market price providing gross proceeds of DKK 33.5 million. To receive BioPorto's Company Announcements, Press Releases, Newsletters and other business relevant information, please sign up on Investor Relations Contacts Hanne S. Foss, Head of Investor Relations, BioPorto A/S, ... , C: +45 26368918 About BioPorto BioPorto is an in vitro diagnostics company focused on saving lives and improving the quality of life with actionable biomarkers – tools designed to help clinicians make changes in patient management. The Company uses its expertise in antibodies and assay development, as well as its platform for assay development, to create a pipeline of novel and compelling products that focus on conditions where there is significant unmet medical need, and where the Company's tests can help improve clinical and economic outcomes for patients, providers, and the healthcare ecosystem. The Company's flagship products are based on the NGAL biomarker and designed to aid in the risk assessment and diagnosis of Acute Kidney Injury, a common clinical syndrome that can have severe consequences, including significant morbidity and mortality, if not identified and treated early. With the aid of NGAL levels, physicians can identify patients potentially at risk of AKI more rapidly than is possible with current standard of care measurements, enabling earlier intervention and more tailored patient management strategies. The Company markets NGAL tests under applicable registrations including CE mark in several countries worldwide. BioPorto has facilities in Copenhagen, Denmark and Boston, MA, USA. The shares of BioPorto A/S are listed on the Nasdaq Copenhagen stock exchange. For more information visit . Forward looking statement disclaimer Certain statements in this news release are not historical facts and may be forward-looking statements. Forward-looking statements include statements regarding the intent, belief or current expectations with respect to the Company's expectations, intentions and projections regarding its future performance including the Company's Guidance for 2025; currency exchange rate fluctuations; anticipated events or trends and other matters that are not historical facts, including with respect to implementation of manufacturing and quality systems, commercialization of NGAL tests, and the development of future products and new indications; concerns that may arise from additional data, analysis or results obtained during clinical trials; and, the Company's ability to successfully market both new and existing products. These forward-looking statements, which may use words such as“aim”,“anticipate”,“believe”,“intend”,“estimate”,“expect” and words of similar meaning, include all matters that are not historical facts. These forward-looking statements involve risks, and uncertainties that could cause the actual results of operations, financial condition, liquidity, dividend policy and the development of the industry in which the Company's business operates to differ materially from the impression created by the forward-looking statements. These statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. Given these risks and uncertainties, prospective investors are cautioned not to place undue reliance on forward-looking statements. Forward-looking statements speak only as of the date of such statements and, except as required by applicable law, the Company undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise. Factors that may impact BioPorto's success are more fully disclosed in BioPorto's periodic financial filings, including its Annual Report for 2024 particularly under the heading“Risk Factors”. Attachments 2025 05 08 - Announcement no. 15 - UK 2025 05 08 - Q1 2025 Interim Report - BioPorto MENAFN08052025004107003653ID1109521934 Legal Disclaimer: MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.",
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      • "title": "Alvotech Publishes Prospectus In Connection With Its Listing On Nasdaq Stockholm",
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      • "description": "(MENAFN - GlobeNewsWire - Nasdaq) Not to be released, published, distributed or circulated in the United States or any other jurisdiction in which it would be unlawful to do so. This press release ...",
      • "content": "( MENAFN - GlobeNewsWire - Nasdaq) Not to be released, published, distributed or circulated in the United States or any other jurisdiction in which it would be unlawful to do so. This press release is for information purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any securities. REYKJAVIK, ICELAND AND STOCKHOLM, SWEDEN (May 8, 2025) - Alvotech (NASDAQ: ALVO, the“Company”), a global biotech company specializing in the development and manufacture of biosimilar medicines for patients worldwide, today announces that it intends to list Swedish Depository Receipts (SDRs), equity share equivalents, on Nasdaq Stockholm. Alvotech's board of directors and executive management believe that now is an opportune time to broaden the Company's investor base and increase visibility among Nordic and European institutional investors, following the Company's acquisition of Xbrane Biopharma AB's (“Xbrane”) R&D operations, further expanding Alvotech's development capabilities and establishing a footprint in the Swedish life science sector. Nasdaq Stockholm has assessed that Alvotech meets the applicable listing requirements, and that Nasdaq Stockholm will approve an application for admission to trading of the Company's SDRs, subject to customary conditions, and today Alvotech publishes a prospectus for the offering of SDRs (the“Offering”). The first day of trading on Nasdaq Stockholm is expected to be May 19, 2025. “The listing on Nasdaq Stockholm affirms our ambition in biosimilars development and manufacturing globally. It is also a natural step following our recent acquisition of Xbrane's R&D operations, which establishes a strong presence for Alvotech in the Swedish life-science industry. The listing is expected to further increase Alvotech's recognition in the Nordic and European markets and broaden our potential shareholder base. We believe investors in Sweden, and more broadly in the Nordics and continental Europe, looking for investment opportunities in biotech will find Alvotech highly attractive, with a strong and differentiated value proposition,” said Róbert Wessman, Founder, Chairman and CEO of Alvotech. The Offering in brief The Offering will be directed solely into Sweden during an application period anticipated to be from May 9–16, 2025 (the“Application Period”). The price per SDR (the“Offering Price”) will be the lower of (i) the volume-weighted average price of the ordinary shares of the Company (the“Shares”) on Nasdaq Iceland Main Market during the Application Period, or (ii) the closing price of the Shares on Nasdaq Iceland Main Market on the last trading day of the Application Period, in each case with a discount of ten percent (10%), converted from ISK to SEK based on the exchange rate published by the Swedish Central Bank (Sw. Sveriges Riksbank) on the last day of the Application Period. The Offering Price will not exceed SEK 90 per SDR. The gross proceeds of the Offering are estimated to amount to approximately SEK 30 million, depending on the Offering Price. 441,600 SDRs will be offered, with each SDR representing one Share. The first day of trading on Nasdaq Stockholm is anticipated to be May 19, 2025, and the SDRs will trade under the trading symbol (ticker)“ALVO SDB”. A prospectus containing the complete terms and conditions for the Offering (the“Prospectus”) has today been approved by the Swedish Financial Supervisory Authority, Finansinspektionen, and will be published today on Alvotech's website (, DNB Bank ASA, Sweden Branch's website (, Avanza's website () and Nordnet's website (). The Prospectus is made available only to prospective investors located in Sweden. The outcome of the Offering is anticipated to be announced through a press release that will be available on Alvotech's website () on or about May 16, 2025. Nasdaq Stockholm has assessed that Alvotech meets the applicable listing requirements, and that Nasdaq Stockholm will approve an application for admission to trading of the Company's SDRs, provided that customary conditions are fulfilled, including that the Company submits such an application and fulfils the distribution requirement for the SDRs. The listing on Nasdaq Stockholm does not require any action from Alvotech's existing shareholders. Background of the Offering Alvotech's board of directors and executive management team have identified the expansion of its R&D capability as a strategic priority to support Alvotech's expected growth trajectory. The Company also intends to increase its access to experienced life-science R&D professionals living outside Iceland. The Company's recently announced the acquisition of Xbrane's R&D operations at the Karolinska life-science hub in Sweden. The integration of much of Xbrane's workforce of seasoned biosimilar developers will further expand Alvotech's scientific and innovation capabilities, enable the Company to access a broader talent pool and help to establish a strong presence in the Swedish life-science sector, supporting growth. The shareholders of Xbrane approved the transaction at the extraordinary general meeting held on April 14, 2025 but closing of the acquisition is subject to Foreign Direct Investment approval, expected in May 2025. A listing on Nasdaq Stockholm is expected to further strengthen Alvotech's recognition in the Nordic and European markets, improving access to regional capital, and attracting a broader base of institutional and retail investors, both based in Sweden, and beyond. Additionally, Alvotech has identified strong investor demand for opportunities to invest in European biotech, biopharma and biosimilar stocks among Nordic and international institutional investors. Free SDR conversion period The Company will offer its existing shareholders a free conversion period with an opportunity to convert their unrestricted Shares into SDRs. During a period of one year from, and including, the first day of trading in SDRs on Nasdaq Stockholm, the conversion fees charged by Euroclear Sweden and DNB Bank ASA, Sweden Branch, as issuer of the SDRs, for converting Shares to SDRs will be paid by Alvotech. For the avoidance of doubt, potential additional fees and costs charged by the shareholders' own custodian, brokerage firm or bank will be borne by the shareholders. For information on how to convert please refer to .... Prospectus and application A prospectus containing the complete terms and conditions for the Offering is published on Alvotech's website (, DNB Bank ASA, Sweden Branch's website (, Avanza's website () and Nordnet's website (). The prospectus will also be published on the Swedish Financial Supervisory Authority's website (). Subscription forms will be available on Avanza's and Nordnet's websites, respectively. An application can also be made through Carnegie Private Banking by means of contacting the applicable advisor. The prospectus has been prepared in accordance with Regulation (EU) 2017/1129 (the“Prospectus Regulation”). The prospectus has been approved by the Swedish Financial Supervisory Authority, which is the competent authority in accordance with article 20 in the Prospectus Regulation. The Swedish Financial Supervisory Authority only approves the prospectus as meeting the standards of completeness, comprehensibility and consistency imposed by the Prospectus Regulation. The approval should not be considered as an endorsement of the Company or as an endorsement of the quality of the securities that are the subject of the prospectus and does not indicate that the Swedish Financial Supervisory Authority guarantees that the facts in the prospectus are correct or complete. Each and every investor should make their own assessment as to the suitability of investing in the Company's securities. Anticipated timetable Application period for the general public in Sweden: May 9–16, 2025 Announcement of the outcome of the Offering: May 16, 2025 First day of trading on Nasdaq Stockholm: May 19, 2025 Settlement date: May 21, 2025 Advisors DNB Markets, a part of DNB Bank ASA, Sweden Branch and Carnegie Investment Bank are acting as financial advisors in relation to the Offering. Cirio Advokatbyrå AB and Westerberg & Partners are legal advisors to the Company as to Swedish law, Arendt & Medernach SA is legal advisor to the Company as to Luxembourg law, BBA//Fjeldco is legal advisor to the Company as to Icelandic law and Cooley LLP is legal advisor to the Company as to U.S. law. Linklaters Advokatbyrå is legal advisor to the financial advisors as to Swedish law and Linklaters LLP is legal advisor to the financial advisors as to US law. About Alvotech Alvotech is a biotech company, founded by Robert Wessman, focused solely on the development and manufacture of biosimilar medicines for patients worldwide. Alvotech seeks to be a global leader in the biosimilar space by delivering high-quality, cost-effective products and services, enabled by a fully integrated approach and broad in-house capabilities. Two biosimilars, to Humira® (adalimumab) and Stelara® (ustekinumab), are already approved and marketed in multiple global markets. The current development pipeline includes nine disclosed biosimilar candidates aimed at treating autoimmune disorders, eye disorders, osteoporosis, respiratory disease, and cancer. Alvotech has formed a network of strategic commercial partnerships to provide global reach and leverage local expertise in markets that include the United States, Europe, Japan, China, and other Asian countries and large parts of South America, Africa and the Middle East. Alvotech's commercial partners include Teva Pharmaceuticals, a U.S. affiliate of Teva Pharmaceutical Industries Ltd. (U.S.), STADA Arzneimittel AG (EU), Fuji Pharma Co., Ltd (Japan), Advanz Pharma (EEA, U.K., Switzerland, Canada, Australia and New Zealand), Dr. Reddy's (EEA, U.K. and U.S.), Biogaran (France), Cipla/Cipla Gulf/Cipla Med Pro (Australia, New Zealand, South Africa/Africa), JAMP Pharma Corporation (Canada), Yangtze River Pharmaceutical (Group) Co., Ltd. (China), DKSH (Taiwan, Hong Kong, Cambodia, Malaysia, Singapore, Indonesia, India, Bangladesh and Pakistan), YAS Holding LLC (Middle East and North Africa), Abdi Ibrahim (Turkey), Kamada Ltd. (Israel), Mega Labs, Stein, Libbs, Tuteur and Saval (Latin America) and Lotus Pharmaceuticals Co., Ltd. (Thailand, Vietnam, Philippines, and South Korea). Each commercial partnership covers a unique set of products and territories. Except as specifically set forth therein, Alvotech disclaims responsibility for the content of periodic filings, disclosures and other reports made available by its partners. For more information, please visit None of the information on the Alvotech website shall be deemed part of this press release. For more information, please visit our investor portal, and our website or follow us on social media on LinkedIn, Facebook, Instagram, and YouTube. Important information This announcement is not, and does not form part of, an offer to sell or buy any securities. The information in this press release may not be announced, published, copied, reproduced or distributed, directly or indirectly, in whole or in part, outside Sweden. Actions taken in violation of this instruction may constitute a crime against applicable securities laws and regulations. This communication is for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy any securities in the United States or in any jurisdiction other than Sweden, nor shall there be any sale of any such securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. The SDRs (and underlying Shares) have not been, and will not be, registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. The SDRs are being offered and sold in the Offering outside of the United States in an overseas directed offering in accordance with Regulation S. This announcement is not a prospectus for the purposes of Regulation (EU) 2017/1129 (the \"Prospectus Regulation\") and has not been approved by any regulatory authority in any jurisdiction. A prospectus in connection with the Offering has been prepared and published by the Company on the Company's website. The Offering is only directed to the public in Sweden. This press release does not identify or suggest, or purport to identify or suggest, the risks (direct or indirect) that may be associated with an investment in the Company. Any investment decision to acquire or subscribe for securities in connection with the Offering must be made on the basis of all publicly available information relating to the Company and the Company's securities. DNB Markets, a part of DNB Bank ASA, Sweden branch and Carnegie Investment Bank are acting for Alvotech in connection with the Offering and for no one else. DNB Markets, a part of DNB Bank ASA, Sweden branch and Carnegie Investment Bank will not be responsible to anyone other than Alvotech for providing the protections afforded to its clients nor for giving advice in relation to the Offering or any other matter referred to herein. Alvotech forward-looking statements Certain statements in this communication may be considered“forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. Forward-looking statements generally relate to future events or the future financial operating performance of Alvotech and may include, for example, Alvotech's expectations regarding the Offering, including the Offering Price, the timing, anticipated proceeds and number of SDRs to be offered; the expected approval timing and benefits of the listing of SDRs on Nasdaq Stockholm; competitive advantages, business prospects and opportunities including pipeline product development; future plans and intentions, results, level of activities, performance, goals or achievements or other future events; regulatory submissions, review and interactions; the potential approval and commercial launch of its product candidates; the timing of regulatory approval, and market launches. In some cases, you can identify forward-looking statements by terminology such as“may”,“should”,“expect”,“intend”,“will”,“estimate”,“anticipate”,“believe”,“predict”,“potential”,“aim” or“continue”, or the negatives of these terms or variations of them or similar terminology. Such forward-looking statements are subject to risks, uncertainties, and other factors which could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These forward-looking statements are based upon estimates and assumptions that, while considered reasonable by Alvotech and its management, are inherently uncertain and are inherently subject to risks, variability, and contingencies, many of which are beyond Alvotech's control. Factors that may cause actual results to differ materially from current expectations include, but are not limited to: (1) the ability to close the acquisition of Xbrane's R&D operations and a biosimilar candidate, which is subject to approval of regulatory agencies and funding; (2) the ability to list Swedish Depository Receipts and generally maintain stock exchange listing standards; (3) changes in applicable laws or regulations; (4) the possibility that Alvotech may be adversely affected by economic, business, and/or competitive factors; (5) Alvotech's estimates of expenses and profitability; (6) Alvotech's ability to develop, manufacture and commercialize the products and product candidates in its pipeline; (7) actions of regulatory authorities, which may affect the initiation, timing and progress of clinical studies or future regulatory approvals or marketing authorizations; (8) the ability of Alvotech or its partners to respond to inspection findings and resolve deficiencies to the satisfaction of the regulators; (9) the ability of Alvotech or its partners to enroll and retain patients in clinical studies; (10) the ability of Alvotech or its partners to gain approval from regulators for planned clinical studies, study plans or sites; (11) the ability of Alvotech's partners to conduct, supervise and monitor existing and potential future clinical studies, which may impact development timelines and plans; (12) Alvotech's ability to obtain and maintain regulatory approval or authorizations of its products, including the timing or likelihood of expansion into additional markets or geographies; (13) the success of Alvotech's current and future collaborations, joint ventures, partnerships or licensing arrangements; (14) Alvotech's ability, and that of its commercial partners, to execute their commercialization strategy for approved products; (15) Alvotech's ability to manufacture sufficient commercial supply of its approved products; (16) the outcome of ongoing and future litigation regarding Alvotech's products and product candidates; (17) the impact of worsening macroeconomic conditions, including tariffs on Alvotech's products in the U.S. or other markets, rising inflation and interest rates and general adverse market conditions, including the impact of conflicts in Ukraine, the Middle East and other global geopolitical tension, on the Company's business, financial position, strategy and anticipated milestones; and (18) other risks and uncertainties set forth in the sections entitled“Risk Factors” and“Cautionary Note Regarding Forward-Looking Statements” in documents that Alvotech may from time to time file or furnish with the SEC or identified in the prospectus filed with the Swedish Financial Supervisory Authority (Sw. Finansinspektionen). There may be additional risks that Alvotech does not presently know or that Alvotech currently believes are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. Nothing in this communication should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results of such forward-looking statements will be achieved. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made. Alvotech does not undertake any duty to update these forward-looking statements or to inform the recipient of any matters of which it becomes aware of which may affect any matter referred to in this communication. Alvotech expressly disclaims any and all liability for any loss or damage (whether foreseeable or not) suffered or incurred by any person or entity as a result of anything contained or omitted from this communication. The recipient agrees that it shall not seek to sue or otherwise hold Alvotech or any of its directors, officers, employees, affiliates, agents, advisors, or representatives liable in any respect for the provision of this communication, the information contained in this communication, or the omission of any information from this communication. ALVOTECH INVESTOR RELATIONS AND GLOBAL COMMUNICATIONS Benedikt Stefansson, VP ... MENAFN08052025004107003653ID1109521932 Legal Disclaimer: MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.",
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      • "description": "(MENAFN - GlobeNewsWire - Nasdaq) ICG Enterprise Trust plc Preliminary Results for the twelve months ended 31 January 2025 8 May 2025 ...",
      • "content": "( MENAFN - GlobeNewsWire - Nasdaq) ICG Enterprise Trust plc Preliminary Results for the twelve months ended 31 January 2025 8 May 2025 Highlights Actively-managed Portfolio focused on global mid-market private companies generating resilient growth NAV per Share reaches 2,073p; NAV per Share Total Return* of 10.5% during the year and five-year annualised return of 14.5% Portfolio Return* on a Sterling basis of 10.6%; portfolio companies reporting ~15% LTM earnings growth 1 40 Full Exits executed at a weighted-average Uplift to Carrying Value of 19.0% Shareholder-focused capital allocation policy: £59m (5% of opening NAV) returned to shareholders in FY25 2 (FY24: £35m), of which £36m through buybacks (FY24: £13m) and £23m through dividends of 36p per share (FY24: £22m, 33p per share) Wide range of potential outcomes to market transaction activity; secondaries market could present compelling opportunities Sector positioning, strong origination network and robust balance sheet position us well in current environment Post period-end, announced an additional £107m proceeds from a secondary sale and the realisation of Minimax (largest portfolio company, 3.1% of Portfolio at 31 January 2025) 1 EBITDA, based on Enlarged Perimeter covering 67% of the Portfolio 2 Based on dividends declared or proposed for Q1 FY25 – Q4 FY25 inclusive, and buybacks up to and including 31 January 2025 *This is an Alternative Performance Measure. Please refer to the Glossary for the definition. Jane Tufnell Oliver Gardey Chair of ICG Enterprise Trust Portfolio Manager for ICG Enterprise Trust Today's results demonstrate that our investment strategy can deliver long-term value. Our portfolio companies grew earnings by 15% in the year 1 , and ICGT generated NAV per Share Total Return of 10.5%, ending the year with NAV per Share of 2,073p. During the year, the Board and Manager have been careful in allocating our shareholders' capital. New investments continued, deploying £181m and making commitments of £83m. Alongside this, we returned £59m of cash to shareholders (5% of our opening NAV) through buybacks and dividends. As we enter another period of uncertainty, I am confident our long-term approach can generate value for our shareholders, and I thank you for your continued support. Our portfolio companies are delivering solid operational performance (15% earnings growth LTM 1 ). Our resilient Portfolio and robust balance sheet position us well for the current market environment. Our active approach to portfolio management is a differentiator for ICGT. As well as making a number of new commitments and investments during the year, we executed a secondary sale post period-end at a 5.5% discount that generated net cash proceeds of £62m for ICGT. The investment trust structure enables shareholders to invest efficiently in privately-owned companies. With our track record and network, ICGT is an attractive proposition for those seeking exposure to mature, profitable, cash-generative businesses. PERFORMANCE OVERVIEW Annualised Performance to 31 January 2025 3 months 6 months 1 year 3 years 5 years 10 years Portfolio Return on a Local Currency Basis 2.9% 6.2% 10.2% 8.9% 15.8% 15.3% NAV per Share Total Return 4.3% 7.4% 10.5% 8.9% 14.5% 13.8% Share Price Total Return 9.7% 1.5% 12.5% 6.6% 9.6% 11.8% FTSE All-Share Index Total Return 6.9% 4.3% 17.1% 7.9% 6.6% 6.5% Financial year ended: Jan 2021 Jan 2022 Jan 2023 Jan 2024 Jan 2025 Fund performance Portfolio return (local currency) 24.9% 24.4% 10.5% 5.9% 10.2% Portfolio return (sterling) 26.4% 27.6% 17.0% 3.2% 10.6% NAV £952m £1,158m £1,301m £1,283m £1,332m NAV per Share Total Return (%) 22.5% 24.4% 14.5% 2.1% 10.5% Investment activity New Investments £139m £304m £287m £137m £181m As % opening Portfolio 17% 32% 24% 10% 13% Realisation Proceeds £137m £334m £252m £171m £151m As % opening Portfolio 17% 35% 21% 12% 11% Shareholder experience Closing share price 966p 1,200p 1,150p 1,226p 1,342p Total dividends per share 24p 27p 30p 33p 36p Share Price Total Return 2.8% 27.1% (2.3)% 9.6% 12.5% Total shareholder distributions £17m £21m £22m £35m £59m As % Realisation Proceeds 12% 6% 9% 20% 39% - o/w distributions dividends (%) 94% 86% 91% 63% 38% - o/w distributions buybacks (%) 6% 14% 9% 37% 62% Portfolio activity overview for FY25 Primary Direct Secondary Total ICG-managed Local Currency return 8.2% 16.3% 6.4% 10.2% 8.4% Sterling return 8.2% 17.0% 7.3% 10.6% 8.8% New Investments £115m £58m £8m £181m £21m Total Proceeds £101m £13m £37m £151m £60m New Fund Commitments £64m - £20m £83m £20m Closing Portfolio value £789m £507m £228m £1,523m £433m % Total Portfolio 52% 33% 15% 100% 28% COMPANY TIMETABLE A presentation for investors and analysts will be held at 11:00 BST today. A link to the presentation can be found on the Results & Reports page of the Company website. A recording of the presentation will be made available on the Company website after the event. FY25 Final Dividend Ex-dividend date 3 July 2025 Record date 4 July 2025 Dividend payment date 18 July 2025 Annual General Meeting The Annual General Meeting will be held on Tuesday 24 June 2025. The Board will be communicating the format of the meeting separately in the Notice of Meeting. This will include details of how shareholders may register their interest in attending the Annual General Meeting. Shareholder Seminar We will be holding a Shareholder Seminar for institutional shareholders and research analysts at 3:30pm BST on Wednesday 18 June 2025, with registration starting at 3:15pm BST. Shareholders should contact ... should they wish to attend. Please note that for regulatory reasons this event is only open to institutional investors and research analysts. ENQUIRIES Institutional investors and analysts: Martin Li, Shareholder Relations, ICG +44 (0) 20 3545 1816 Nathan Brown, Deutsche Numis +44 (0) 20 7260 1426 David Harris, Cadarn Capital +44 (0) 20 7019 9042 Media: Clare Glynn, Corporate Communications, ICG +44 (0) 20 3545 1395 ABOUT ICG ENTERPRISE TRUST ICG Enterprise Trust is a leading listed private equity investor focused on creating long-term growth by delivering consistently strong returns through selectively investing in profitable, cash-generative private companies, primarily in Europe and the US, while offering the added benefit to shareholders of daily liquidity. We invest in companies directly as well as through funds managed by ICG plc and other leading private equity managers who focus on creating long-term value and building sustainable growth through active management and strategic change. NOTES Included in this document are Alternative Performance Measures (“APMs”). APMs have been used if considered by the Board and the Manager to be the most relevant basis for shareholders in assessing the overall performance of the Company, and for comparing the performance of the Company to its peers and its previously reported results. The Glossary includes further details of APMs and reconciliations to International Financial Reporting Standards (“IFRS”) measures, where appropriate. In the Manager's Review and Supplementary Information, all performance figures are stated on a Total Return basis (i.e. including the effect of re-invested dividends). ICG Alternative Investment Limited, a regulated subsidiary of Intermediate Capital Group plc, acts as the Manager of the Company. DISCLAIMER The information contained herein and on the pages that follow does not constitute an offer to sell, or the solicitation of an offer to acquire or subscribe for, any securities in any jurisdiction where such an offer or solicitation is unlawful or would impose any unfulfilled registration, qualification, publication or approval requirements on ICG Enterprise Trust PLC (the \"Company\") or its affiliates or agents. Equity securities in the Company have not been and will not be registered under the applicable securities laws of the United States, Australia, Canada, Japan or South Africa (each an“Excluded Jurisdiction”). The equity securities in the Company referred to herein and on the pages that follow may not be offered or sold within an Excluded Jurisdiction, or to any U.S. person (\"U.S. Person\") as defined in Regulation S under the U.S. Securities Act of 1933, as amended (the \"U.S. Securities Act\"), or to any national, resident or citizen of an Excluded Jurisdiction. The information on the pages that follow may contain forward looking statements. Any statement other than a statement of historical fact is a forward looking statement. Actual results may differ materially from those expressed or implied by any forward looking statement. The Company does not undertake any obligation to update or revise any forward looking statements. You should not place undue reliance on any forward looking statement, which speaks only as of the date of its issuance. CHAIR'S STATEMENT Dear fellow shareholders, For the 12 months to 31 January 2025 ICG Enterprise Trust delivered a NAV per Share Total Return of 10.5% and a Share Price Total Return of 12.5%. Over the last five years, the annualised returns have been 14.5% and 9.6% respectively. The Board has declared dividends for the year of 36p (+9% compared to FY24) and reduced ICGT's share count by 4.3% during the year by returning £36m to shareholders through share buybacks at a weighted average discount of 36.6%. INVESTMENT STRATEGY The Company's Portfolio grew 10.2% on a Local Currency Basis during the year (last five years annualised: 15.8%). We invest in resilient private companies and are geographically balanced between North America and Europe. During the year we evolved our target portfolio mix towards having more Direct and Secondary Investments, which will help to optimise Portfolio concentration and liquidity. COST BASE ICGT's ongoing charges for FY25 were 1.38% (FY24: 1.37%). As a Board, we are committed to providing value for our shareholders and transparent disclosure around our cost. The change in fees and cost savings instigated by the Board in FY24 continued to enhance the net return of our investment strategy delivering £2.0m savings in FY25. We publish a Statement of Expenses that sets out the impact of ICGT's expenses on the financial returns to shareholders (available at and which has been updated for our FY25 expenses. CAPITAL ALLOCATION The Board has continued its proactive approach to capital allocation. We balance the potential long-term compounding returns of investments into new portfolio companies with cash returns to shareholders at par via dividends and the value accretion of buying back shares at a discount to NAV. ICGT was the first in our sector to introduce a long-term share buyback programme in FY23, and in FY25 we supplemented this with an opportunistic buyback that has been renewed for FY26. Over the last five years, ICGT's dividend per share has grown at an annualised rate of 9.4% (including the proposed 10.5p final dividend being declared for FY25). The ICGT ordinary dividend per share has now increased for the twelfth consecutive year. Since October 2022 our share buybacks have returned £51m to shareholders and acquired shares at a weighted-average discount of 37.5%, increasing NAV per Share by 54p (2.7%). We believe the share buybacks have also increased the liquidity and reduced the volatility of our shares. BALANCE SHEET We continue to implement our objective of being fully invested through cycles alongside maintaining a robust balance sheet. This allows us to manage our resources in line with our capital allocation policy. Having increased our credit facility during the year from €240m to €300m, at 31 January 2025 ICG Enterprise Trust had total available liquidity of £125m and net gearing of 10%. We have announced two transactions post period-end that in aggregate generated Total Proceeds to ICGT of over £100m. SALES AND MARKETING In aggregate across the Board and Manager we own in excess of 270,000 shares, and are aligned to the success of an investment in ICG Enterprise Trust shares. ICGT's discount remains at levels that the Board feels do not reflect the fundamental value of the shares. The discount is currently 41%. We continue to be challenged by the share price trading at such a discount to NAV and the Board is active in its pursuit of ways to improve the Company's rating. I had a year of strong shareholder engagement, welcomed several new holders to our register and received valuable feedback that has been shared with the Board and Manager. In conjunction with our Manager, our Corporate Broker and our distribution partner we will continue the programme to help the market understand ICGT's shareholder proposition and its role within investment portfolios. OUTLOOK Our focus on investing in private equity-owned companies that have resilient growth characteristics gives shareholders access to investments that they cannot reach through public market strategies. ICGT plays a valuable role in our shareholders' portfolios. I believe there is substantial value in our Portfolio and in the new investments the Manager is making on our shareholders' behalf. Our Portfolio is performing well, and I thank all shareholders for your continued support. Jane Tufnell Chair 7 May 2025 MANAGER'S REVIEW Alternative Performance Measures The Board and the Manager monitor the financial performance of the Company on the basis of Alternative Performance Measures ('APM'), which are non-UK-adopted IAS ('IAS') measures. The APM predominantly form the basis of the financial measures discussed in this review, which the Board believes assists shareholders in assessing their investment and the delivery of the investment strategy. The Company holds certain investments in subsidiary entities. The substantive difference between APM and IAS is the treatment of the assets and liabilities of these subsidiaries. The APM basis 'looks through' these subsidiaries to the underlying assets and liabilities they hold, and it reports the investments as the Portfolio APM, gross of the liability in respect of the Co-investment Incentive Scheme. Under IAS, the Company and its subsidiaries are reported separately. The assets and liabilities of the subsidiaries, which include the liability in respect of the Co-investment Incentive Scheme, are presented on the face of the IAS balance sheet as a single carrying value. The same is true for the IAS and APM basis of the cash flow statement. The following table sets out IAS metrics and the APM equivalents: IFRS (£m) 31 January 2025 31 January 2024 APM (£m) 31 January 2025 31 January 2024 Investments 1,470 1,296 Portfolio 1,523 1,349 NAV 1,332 1,283 Realisation Proceeds 151 171 Cash flows from the sale of portfolio investments 20 41 Total Proceeds 151 239 Cash flows related to the purchase of portfolio investments 34 25 Total New Investment 181 137 The Glossary includes definitions for all APM and, where appropriate, a reconciliation between APM and IAS. Why private equity Every day the lives of those living and working in the US and Western Europe are touched by companies owned by private equity: retailers, payments processors, home security, pet food, health services – the list is long. What typically unites these businesses is that they are profitable and cash generative. These businesses are actively managed by their shareholders, with management teams heavily incentivised to generate returns. Increasingly companies with these characteristics are choosing to grow under private equity ownership and to stay private for longer. Within that, ICGT focuses on a subset of those companies that we expect will generate resilient growth. As more businesses are owned by private equity, we believe it is a structurally attractive allocation within an investment portfolio, with a track record of attractive returns, and significant opportunity to continue that trajectory. A share in ICGT gives you access to a unique portfolio of private companies. Our investment strategy Within developed markets, we focus on investing in buyouts of profitable, cash-generative businesses that exhibit resilient growth characteristics, which we believe will generate strong long-term compounding returns across economic cycles. We take an active approach to Portfolio construction, with a flexible mandate that enables us to deploy capital in Primary, Secondary and Direct Investments. Geographically, we focus on the developed markets of North America and Europe which have deep and mature private equity markets. Medium-term target Five-year average 31 January 2025 1. Target Portfolio composition 1 Investment category Primary ~40-50% 57% 52% Direct ~30-35% 28% 33% Secondary ~25-30% 15% 15% Geography 2 North America ~50% 40% 46% Europe (inc. UK) ~50% 52% 48% Other - 8% 6% 2. Balance sheet Net cash/(Net Debt) 3 ~0% (1)% (10)% Five-year average is the linear average of FY exposures for FY21-FY25. As a percentage of Portfolio. (Net cash)/debt as a percentage of NAV. Post period-end, we announced Total Proceeds of over £100m from a secondary sale and the realisation of Minimax, see page 14 ICG Enterprise Trust benefits from access to ICG-managed funds and Direct Investments, which represented 28% of the Portfolio value at period end and generated a 8.4% return on a Local Currency Basis. Performance overview At 31 January 2025, our Portfolio was valued at £1,523m, and the Portfolio Return on a Local Currency Basis for the financial year was 10.2% (FY24: 5.9%). Due to the geographic diversification of our Portfolio, the reported value is impacted by changes in foreign exchange rates. During the period, FX movements affected the Portfolio positively by £5.4m, driven by US dollar appreciation. In sterling terms, Portfolio growth during the period was 10.6%. The net result for shareholders was that ICG Enterprise Trust generated a NAV per Share Total Return of 10.5% during FY25, ending the period with a NAV per Share of 2,073p. Movement in the Portfolio £m Twelve months to 31 January 2025 Twelve months to 31 January 2024 Opening Portfolio 1 1,349 1,406 Total New Investments 181 137 Total Proceeds (151) (239) Portfolio net cashflow 30 (102) Valuation movement 2 138 83 Currency movement 6 (39) Closing Portfolio 1,523 1,349 1. Refer to the Glossary. 2. 97% of the Portfolio is valued using 31 December 2024 (or later) valuations (FY24: 94%). NAV per Share Total Return Twelve months to 31 January 2025 Twelve months to 31 January 2024 % Portfolio growth (local currency) 10.2% 5.9% % currency movement 0.4% (2.7%) % Portfolio growth (Sterling) 10.6% 3.2% Impact of gearing 0.7% (0.3)% Finance costs and other expenses (0.6)% (0.2)% Management fee (1.3)% (1.2)% Co-investment Incentive Scheme Accrual (0.7)% (0.1)% Impact of share buybacks 1.8% 0.7% NAV per Share Total Return 10.5% 2.1% For Q4 the Portfolio Return on a Local Currency Basis was 2.9% and the NAV per Share Total Return was 4.3% Executing our investment strategy Commitments in the financial year Total New Investments in the financial year Growth in the financial year Total Proceeds in the financial year Making commitments to funds, which expect to be drawn over 3 to 5 years Cash deployments into portfolio companies, either through funds or directly Driving growth and value creation of our portfolio companies Cash realisations of investments in Portfolio companies, plus Fund Disposals £83m (FY24: £153m) £ 181 m (FY24: £137m) £ 138 m (FY24: £83m) £ 151 m (FY24: £239m) Commitments Our evergreen structure and flexible investment mandate enable us to commit through the cycle, maintaining vintage diversification for our Portfolio and sowing the seeds for future growth. During the year we made 7 new Fund Commitments totalling including £19.8m to funds managed by ICG plc, as detailed below: Fund Manager Commitment during the period Local currency £m ICG Strategic Equity V ICG $25.0 m £19.8 m Leeds VIII Leeds Equity $20.0 m £15.7 m Investindustrial VIII Investindustrial €15.0 m £12.9 m Oak Hill VI Oak Hill $15.0 m £11.9 m Thoma Bravo XVI Thoma Bravo $15.0 m £11.7 m Valeas I Valeas $10.0 m £7.5 m American Securities IX American Securities $5.0 m £4.0 m At 31 January 2025, ICG Enterprise Trust had outstanding Undrawn Commitments of Movement in outstanding Commitments Year to 31 January 2025 £m Undrawn Commitments as at 1 February 2024 552.0 New Fund Commitments 83.4 New Commitments relating to Direct Investments 65.3 Total New Investments (181.4) Currency and other movements 33.9 Undrawn commitments as at 31 January 2025 553.2 Total Undrawn Commitments at 31 January 2025 comprised £419.1m of Undrawn Commitments to funds within their Investment Period, and a further £134.1m was to funds outside their Investment Period. 31 January 2025 £m 31 January 2024 £m Undrawn Commitments – funds in Investment Period 419.1 434.2 Undrawn Commitments – funds outside Investment Period 134.1 117.7 Total Undrawn Commitments 553.2 552.0 Total available liquidity (including debt facility) (124.6) (195.9) Overcommitment net of total available liquidity 428.6 356.1 Overcommitment % of net asset value 31.1% 27.7% Commitments are made in the funds' underlying currencies. The currency split of the Undrawn Commitments at 31 January 2025 was as follows: 31 January 2025 31 January 2024 Undrawn Commitments £m % £m % US Dollar 310.3 56.1% 290 52.5% Euro 213.1 38.5% 236 42.7% Sterling 29.8 5.4% 26 4.8% Total 553.2 100.0% 552.0 100.0% Investments Total new investments of £181.4m during the period, of which 12% were alongside ICG. New investment by category detailed in the table below: Investment Category Cost (£m) % of New Investments Primary 115.5 63.6% Direct 58.4 32.2% Secondary 7.6 4.2% Total 181.4 100.0% The five largest new investments in the period were as follows: Investment Description Manager Country Cost £m 1 Datasite Provider of software focused on virtual data rooms ICG United States 18.4 Visma Provider of business management software and outsourcing services Hg Norway 14.5 Audiotonix Manufacturer of audio mixing consoles PAI United Kingdom 14.0 Multiversity Provider of online higher education courses. ICG/CVC Italy 9.4 Avid Bioservices Provider of biologics development and manufacturing services GHO United States 7.3 Top 5 largest underlying new investments 63.6 1 Represents ICG Enterprise Trust's indirect investment (share of fund cost) plus any Direct Investments in the period. Occasionally ICGT simultaneously has both a realisation from and an investment into the same company in the same period. This typically occurs when an underlying fund sells a company that is purchased by another fund within ICGT's portfolio. During FY25 shareholders will note that Datasite and Visma appear both in the top 5 realisations and top 5 new investments, which is a result of this situation. GROWTH The Portfolio grew by £138.0m (+10.2%) on a Local Currency Basis in the 12 months to 31 January 2025. Growth across the Portfolio was split as follows: By investment type: growth was spread across Primary (8.2%), Secondary (6.4%) and Direct (16.3%) By geography: North America and Europe experienced growth of 12.1% and 8.4% respectively The growth in the Portfolio is underpinned by the performance of our portfolio companies, which delivered robust financial performance during the period: Top 30 Enlarged Perimeter Portfolio coverage 41% 67% Last Twelve Months ('LTM') revenue growth 9.0% 11.2% LTM EBITDA growth 15.5% 15.3% Net Debt / EBITDA 4.0x 4.4x Enterprise Value / EBITDA 15.4x 15.2x Note: values are weighted averages for the respective portfolio segment; see Glossary for definition and calculation methodology QUOTED COMPANY EXPOSURE We do not actively invest in publicly quoted companies but gain listed investment exposure when IPOs are used as a route to exit an investment. In these cases, exit timing typically lies with the manager with whom we have invested. At 31 January 2025, ICG Enterprise Trust's exposure to quoted companies was valued at equivalent to 4.8% of the Portfolio value (31 January 2024: 4.8%). Across the Portfolio, quoted positions resulted in a £4.3m increase in Portfolio NAV during the period. The share price of our largest listed exposure, Chewy, increased by 119% in local currency (USD) during the period. This positively impacted the Portfolio Return on a Local Currency Basis by approximately 0.8%. At 31 January 2025 Chewy was the only quoted investment that individually accounted for 0.5% or more of the Portfolio value: Company Ticker 31 January 2025 % of Portfolio value Chewy CHWY-US 2.0% Other companies 2.8% Total 4.8% REALISATIONS During FY25, the ICG Enterprise Trust Portfolio generated Total Proceeds of Realisation activity during the period included 40 Full Exits generating proceeds of These were completed at a weighted average Uplift to Carrying Value of 19% and represent a weighted average Multiple to Cost of 2.9x for those investments. Realisation Manager Description Country Proceeds £m VettaFi ICG Provider of master limited partnerships (\"MLP\") indices United States 10.2 Visma ICG Provider of business management software and outsourcing services Norway 8.2 Datasite ICG Provider of software focused on virtual data rooms United States 7.8 Compass Community Graphite Provider of fostering services and children residential care United Kingdom 7.4 IRIS ICG Provider of software and services for the accountancy and payroll sectors United Kingdom 7.0 Total of 5 largest underlying realisations 40.7 Balance sheet and liquidity Net assets at 31 January 2025 were £1,332m, equal to 2,073p per share. The Company had net debt of £128m and at 31 January 2025, the Portfolio represented 114% of net assets (31 January 2024: 105%). £m % of net assets Portfolio 1,523.1 114.3% Cash 3.9 0.3% Drawn debt (131.9) (9.9)% Co-investment Incentive Scheme Accrual (53.9) (4.0)% Other net current liabilities (8.8) (0.7)% Net assets 1,332.4 100.0% Our objective is to be fully invested through the cycle, while ensuring that we have sufficient financial resources to be able to take advantage of attractive investment opportunities as they arise. During the year, our balance sheet flexibility was enhanced through an increase in the credit facility size from €240m to €300m. This change was effective from 20 December 2024. At 31 January 2025, ICG Enterprise Trust had a cash balance of £3.9m (31 January 2024: and total available liquidity of £124.6m (31 January 2024: £m Cash at 31 January 2024 11.2 Total Proceeds 150.8 New investments (181.4) Debt drawn down 111.9 Shareholder returns (58.2) Management fees (16.0) FX and other expenses (13.5) Cash at 31 January 2025 3.9 Available undrawn debt facilities 120.7 Total available liquidity 124.6 Dividend and share buyback ICG Enterprise Trust has a progressive dividend policy alongside two share buyback programmes to return capital to shareholders. DIVIDENDS The Board has declared a dividend of 10.5p per share in respect of the fourth quarter, taking total dividends for the year to 36p (FY24: 33p). It is the twelfth consecutive year of ordinary dividend per share increases. SHARE BUYBACKS The following purchases have been made under the Company's share buyback programmes: Long-term Opportunistic Total FY25 3 Since inception 1 FY25 3 Since inception 2 FY25 3 Since inception Number of shares purchased 1,420,500 2,752,688 1,492,175 1,492,175 2,912,675 4,244,863 % of opening shares since buyback started 4.3% 6.2% Capital returned to shareholders £17.3m £32.6m £18.3m £18.3m £35.6m £50.8m Number of days shares have been acquired 87 183 11 11 98 194 Weighted average discount to last reported NAV 37.0% 38.3% 36.2% 36.2% 36.6% 37.5% NAV per Share accretion (p) 36.5 54.1 NAV per Share accretion (% of NAV) 1.8% 2.7% October 2022 (which was when the long-term share buyback programme was launched) up to and including 31 January 2025. 2. Since May 2024 (which was when the opportunistic buyback programme was launched) up to and including 31 January 2025. 3. Based on company-issued announcements / date of purchase, rather than date of settlement. Note: aggregate consideration excludes commission, PTM and SDRT. The Board believes the long-term buyback programme demonstrates the Manager's discipline around capital allocation; underlines the Board's confidence in the long-term prospects of the Company, its cash flows and NAV; will enhance the NAV per Share; and, over time, may positively influence the volatility of the Company's discount and its trading liquidity. During the period, the Board announced an opportunistic share buyback programme for FY25 of up to £25m. This is intended to enable us to take advantage of current trading levels, when the ability to purchase shares in meaningful size at a significant discount presents itself. It was renewed for FY26 for an additional year up to £25m. Foreign exchange rates The details of relevant foreign exchange rates applied in this report are provided in the table below: Average rate for FY25 Average rate for FY24 31 January 2025 year end 31 January 2024 year end GBP:EUR 1.18 1.15 1.20 1.17 GBP:USD 1.28 1.25 1.24 1.27 EUR:USD 1.08 1.08 1.04 1.08 Activity since the period end Notable activity between 1 February 2025 and 31 March 2025 has included: Four new Fund Commitments for a combined value of £64m New investments of £39m Realisation Proceeds of £26m From 1 February 2025 up to and including 30 April 2025, 718,000 shares were bought back at a weighted-average discount to NAV of 37.9%. In addition, during the month of April 2025, we announced that proceeds of £107m were received as a result of two transactions: Secondary sale (£62m net proceeds), executed at a discount of 5.5% to 30 September 2024 valuation and realising a 1.6x return on invested cost (15% IRR) Realisation of Minimax (€53m (£45m) proceeds), ICGT's largest portfolio company at 31 January 2025 (3.1% of Portfolio value). ICG Enterprise Trust is reinvesting €10m in the next stage of Minimax's growth alongside Management and other investors including certain ICG funds. ICG Private Equity Funds Investment Team 7 May 2025 SUPPLEMENTARY INFORMATION This section presents supplementary information regarding the Portfolio (see Manager's Review and the Glossary for further details and definitions). Portfolio composition Portfolio by calendar year of investment % of value of underlying investments 31 January 2025 % of value of underlying investments 31 January 2024 2025 0.5% -% 2024 10.1% -% 2023 7.6% 6.9% 2022 18.5% 18.7% 2021 25.7% 27.9% 2020 8.6% 11.4% 2019 10.3% 12.4% 2018 7.3% 10.5% 2017 2.2% 4.2% 2016 and older 9.2% 8.0% Total 100.0% 100.0% Portfolio by sector % of value of underlying investments 31 January 2025 % of value of underlying investments 31 January 2024 TMT 29.9% 25.3% Consumer goods and services 18.1% 17.5% Healthcare 11.5% 11.3% Business services 12.4% 13.1% Industrials 7.8% 7.9% Education 5.0% 7.4% Financials 7.6% 5.7% Leisure 4.0% 7.3% Other 3.7% 4.5% Total 100.0% 100.0% Portfolio by fund currency 1 31 January 2025 £m 31 January 2025 % 31 January 2024 £m 31 January 2024 % US Dollar 796 52.3% 674 49.9% Euro 584 38.4% 555 41.2% Sterling 140 9.2% 120 8.9% Total 1,523 1,349 100.0% 1 Currency exposure by reference to the reporting currency of each fund . Portfolio Dashboard The tables below provide disclosure on the composition and dispersion of financial and operational performance for the Top 30 and the Enlarged Perimeter. At 31 January 2025, the Top 30 Companies represented 40.2% of the Portfolio by value and the Enlarged Perimeter represented 66.9% of total Portfolio value. This information is prepared on a value-weighted basis, based on contribution to Portfolio value at 31 January 2025. Datasets for Top 30 companies and 'Enlarged perimeter' are not distinct and will have some overlap. % of value at 31 January 2025 Sector exposure Top 30 Enlarged Perimeter TMT 17.3% 30.2% Business services 16.9% 13.9% Consumer goods and services 14.0% 17.3% Industrials 27.3% 8.7% Healthcare 8.4% 10.0% Education 6.9% 6.5% Leisure 6.8% 5.1% Financials 2.4% 5.1% Other -% 3.2% Total 100.0% 100.0% % of value at 31 January 2025 Geographic exposure 1 Top 30 Enlarged Perimeter North America 43.6% 45.0% Europe 50.3% 50.5% Other 6.1% 4.5% Total 100.0% 100.0% 1 Geographic exposure is calculated by reference to the location of the headquarters of the underlying Portfolio companies % of value at 31 January 2025 LTM revenue growth Top 30 Enlarged Perimeter 30% 9.6% 10.0% n.a. 1 -% 2.7% Weighted average 9.0% 11.2% Note: for consistency, any excluded investments are excluded for all dispersion analysis. % of value at 31 January 2025 LTM EBITDA growth Top 30 Enlarged Perimeter 30% 24.0% 19.9% n.a 1 -% 3.2% Weighted average 15.5% 15.3% Note: for consistency, any excluded investments are excluded for all dispersion analysis. % of value at 31 January 2025 EV/EBITDA multiple Top 30 Enlarged Perimeter 0-10x 8.5% 10.4% 10-12x 17.2% 16.4% 12-13x 8.1% 7.8% 13-15x 18.6% 18.0% 15-17x 25.9% 21.7% 17-20x 6.5% 7.7% >20x 15.2% 15.4% n.a. 1 -% 2.6% Weighted average 15.4x 15.2x Note: for consistency, any excluded investments are excluded for all dispersion analysis. % of value at 31 January 2025 Net Debt / EBITDA Top 30 Enlarged Perimeter 7x 8.7% 11.2% n.a. 1 -% 5.1% Weighted average 4.0x 4.4x Note: for consistency, any excluded investments are excluded for all dispersion analysis. Top 30 companies The table below presents the 30 companies in which ICG Enterprise Trust had the largest investments by value at 31 January 2025. The valuations are gross of underlying managers fees and carried interest. Company Manager Year of investment Country Value as a % of Portfolio 1 Minimax Supplier of fire protection systems and services ICG 2018 Germany 3.1% 2 Froneri Manufacturer and distributor of ice cream products PAI 2013 / 2019 United Kingdom 2.5% 3 Chewy Online retailer of premium pet food and products BC Partners 2022 United States 2.0% 4 Datasite Provider of software focused on virtual data rooms ICG 2024 United States 1.9% 5 Leaf Home Solutions Provider of home maintenance services Gridiron 2016 United States 1.6% 6 Visma Provider of business management software and outsourcing services Hg/ICG 2024 Norway 1.6% 7 Circana Provider of mission-critical data and predictive analytics to consumer goods manufacturers New Mountain 2022 United States 1.6% 8 European Camping Group Operator of premium campsites and holiday parks PAI 2021 / 2023 France 1.5% 9 Davies Group Provider of speciality business process outsourcing services BC Partners 2021 United Kingdom 1.5% 10 Ambassador Theatre Group Operator of theatres and ticketing platforms ICG 2021 United Kingdom 1.4% 11 Precisely Provider of enterprise software Clearlake/ICG 2021 / 2022 United States 1.3% 12 Newton Provider of management consulting services ICG 2021 / 2022 United Kingdom 1.3% 13 David Lloyd Leisure Operator of premium health clubs TDR 2013 / 2020 United Kingdom 1.3% 14 Curium Pharma Supplier of nuclear medicine diagnostic pharmaceuticals ICG 2020 United Kingdom 1.3% 15 PSB Academy Provider of private tertiary education ICG 2018 Singapore 1.3% 16 Crucial Learning Provider of corporate training courses focused on communication skills and leadership development Leeds Equity 2019 United States 1.3% 17 Class Valuation Provider of residential mortgage appraisal management services Gridiron 2021 United States 1.3% 18 Domus Operator of retirement homes ICG 2017 / 2021 France 1.2% 19 Yudo Designer and manufacturer of hot runner systems ICG 2017 / 2018 South Korea 1.2% 20 ECA Group Provider of autonomous systems for the aerospace and maritime sectors ICG 2022 France 1.1% 21 Brooks Automation Provider of semiconductor manufacturing solutions THL 2021 / 2022 United States 1.0% 22 Planet Payment Provider of integrated payments services focused on hospitality and luxury retail Advent/Eurazeo/ICG 2021 Ireland 1.0% 23 Ivanti Provider of IT management solutions Charlesbank/ICG 2021 United States 1.0% 24 Vistage Provider of CEO leadership and coaching for small and mid-size businesses in the US Gridiron 2022 United States 1.0% 25 Audiotonix Manufacturer of audio mixing consoles PAI 2024 United Kingdom 0.9% 26 DigiCert Provider of enterprise security solutions ICG 2021 United States 0.9% 27 Ping Identity Provider of intelligent access management solutions Thoma Bravo 2022 / 2023 United States 0.9% 28 KronosNet Provider of tech-enabled customer engagement and business solutions ICG 2022 Spain 0.8% 29 Archer Technologies Provider of governance, risk and compliance software Cinven 2023 United States 0.7% 30 Silvus Technologies Developer of mobile communications datalinks used in law enforcement, unmanned systems and other commercial/industrial applications TJC 2019 United States 0.7% Total of the 30 largest underlying investments 40.2% The 30 largest fund investments The table below presents the 30 largest fund investments by value at 31 January 2025. The valuations are net of underlying managers' fees and carried interest. Fund Year of commitment Value £m Outstanding commitment £m 1 PAI Strategic Partnerships ** Mid-market and large buyouts 2019 34.6 0.2 2 ICG Strategic Equities Fund IV GP-led secondary transactions 2021 32.9 7.1 3 ICG Strategic Equities Fund III GP-led secondary transactions 2018 31.0 11.2 4 ICG Europe VII Mezzanine and equity in mid-market buyouts 2018 30.7 6.1 5 CVC European Equity Partners VII Large buyouts 2017 25.7 2.9 6 PAI Europe VII Mid-market and large buyouts 2017 24.6 2.4 7 ICG Ludgate Hill (Feeder B) SCSp Secondary portfolio 2021 23.8 13.6 8 ICG Europe VIII Mezzanine and equity in mid-market buy-outs 2021 23.6 14.3 9 Gridiron Capital Fund III Mid-market buyouts 2016 23.4 1.3 10 Resolute IV Mid-market buyouts 2018 23.0 0.9 11 Gridiron Capital Fund IV Mid-market buyouts 2019 21.5 0.5 12 ICG Augusta Partners Co-Investor ** Secondary fund restructurings 2018 20.5 17.8 13 Oak Hill V Mid-market buyouts 2019 19.9 0.6 14 Seventh Cinven Large buyouts 2019 19.8 1.8 15 Graphite Capital Partners VIII * Mid-market buyouts 2013 19.3 4.1 16 Graphite Capital Partners IX Mid-market buyouts 2018 18.4 2.3 17 ICG Ludgate Hill III Secondary portfolio 2022 18.0 5.7 18 Resolute V Mid-market buyouts 2021 17.1 1.4 19 Advent Global Private Equity IX Large buyouts 2019 16.4 0.5 20 ICG Ludgate Hill (Feeder) II Boston SCSp Secondary portfolio 2022 16.0 5.4 21 New Mountain Partners VI Mid-market buy-outs 2020 14.9 0.5 22 Investindustrial VII Mid-market buyouts 2019 14.0 4.9 23 ICG Europe Mid-Market Fund Mezzanine and equity in mid-market buyouts 2019 13.5 5.5 24 CVC Capital Partners VIII Large buyouts 2020 13.4 0.5 25 Bowmark Capital Partners VI Mid-market buyouts 2018 13.1 3.4 26 Tailwind Capital Partners III Mid-market buyouts 2018 13.1 2.2 27 BC European Capital X Large buyouts 2016 13.1 1.4 28 Thomas H Lee Equity Fund IX Mid-market and large buyouts 2021 12.9 4.0 29 Permira VII Large buyouts 2019 12.6 1.6 30 ICG LP Secondaries Fund I LP LP-led secondary transactions 2022 12.2 41.1 Total of the largest 30 fund investments 593.0 165.3 Percentage of total investment Portfolio 39.1% *All or part of interest acquired through a secondary sale. **Includes the associated Top Up funds. HOW WE MANAGE RISK Identifying and evaluating the strategic, financial and operational impact of our key risks The execution of the Company's investment strategy is subject to a variety of risks and uncertainties, and the Board and Manager have identified several principal risks to the Company's business. As part of this process, the Board has put in place an ongoing process to identify, assess and monitor the principal and emerging risks facing the Company, including those that would threaten its business model, future performance, solvency or liquidity. RISK MANAGEMENT FRAMEWORK The Board is responsible for risk management and determining the Company's overall risk appetite. The Audit Committee assesses and monitors the risk management framework and specifically reviews the controls and assurance programmes in place. PRINCIPAL RISKS The Company's principal risks are individual risks, or a combination of risks, that could threaten the Company's business model, future performance, solvency or liquidity. Details of the Company's principal risks, potential impact, controls and mitigating factors are set out on pages 23 to 27. OTHER RISKS Other risks, including reputational risk, are potential outcomes of the principal risks materialising. These risks are actively managed and mitigated as part of the wider risk management framework of the Company and the Manager. EMERGING RISKS Emerging risks are considered by the Board and are regularly assessed to identify any potential impact on the Company and to determine whether any actions are required. Emerging risks often include those related to regulatory/legislative change and macro-economic and political change. The Company depends upon the experience, skill and reputation of the employees of the Manager. The Manager's ability to retain the service of these individuals, who are not obligated to remain employed by the Manager, and recruit successfully, is a significant factor in the success of the Company. PRINCIPAL RISKS AND UNCERTAINTIES The Company considers its principal risks (as well as several underlying risks comprising each principal risk) in four categories: Investment risks: the risk to performance resulting from ineffective or inappropriate investment selection, execution or monitoring. External risks: the risk of failing to deliver the Company's investment objective and strategic goals due to external factors beyond the Company's control. Operational risks: the risk of loss resulting from inadequate or failed internal processes, people or systems and external events, including regulatory risk. Financial risks: the risk of adverse impact on the Company due to having insufficient resources to meet its obligations or counterparty failure and the impact any material movement in foreign exchange rates may have on underlying valuations. RISK ASSESSMENT PROCESS A comprehensive risk assessment process is undertaken regularly to re-evaluate the impact and probability of each risk materialising and the strategic, financial and operational impact of the risk. Where the residual risk is determined to be outside appetite, appropriate action is taken. Further information on risk factors is set out within the financial statements. Risk appetite and tolerance The Board acknowledges and recognises that in the normal course of business, the Company is exposed to risk and it is willing to accept a certain level of risk in managing the business to achieve its targeted returns. The Board's risk appetite framework provides a basis for the ongoing monitoring of risks and enables dialogue with respect to the Company's current and evolving risk profile, allowing strategic and financial decisions to be made on an informed basis. The Board considers several factors to determine its acceptance for each principal risk and categorises acceptance for each risk as low, moderate and high. Where a risk is approaching or is outside the tolerance set, the Board will consider the appropriateness of actions being taken to manage the risk. In particular, the Board has a lower tolerance for financing risk with the aim to ensure that even under a stress scenario, the Company is likely to meet its funding requirements and financial obligations. Similarly, the Board has a low risk tolerance concerning operational risks including legal, tax and regulatory compliance and business process and continuity risk. How we manage and mitigate our key risks RISK IMPACT MITIGATION CHANGE IN THE YEAR INVESTMENT RISKS INVESTMENT PERFORMANCE The Manager selects the fund investments and Direct Investments for the Company's Portfolio, executing the investment strategy approved by the Board. The underlying managers of those funds in turn select individual investee companies. The origination, investment selection and management capabilities of both the Manager and the third-party managers are key to the performance of the Company. Poor origination, investment selection and monitoring by the Manager and/or third-party managers which may have a negative impact on Portfolio performance. The Manager has a strong track record of investing in private equity through multiple economic cycles. The Manager has a highly selective investment approach and disciplined process, which is overseen by ICG Enterprise Trust's Investment Committee within the Manager, which comprises a balance of skills and perspectives. Further, the Company's Portfolio is diversified, reducing the likelihood of a single investment decision impacting Portfolio performance. Stable The Board is responsible for ensuring that the investment policy is met. The day-to-day management of the Company's assets is delegated to the Manager under investment guidelines determined by the Board. The Board regularly reviews these guidelines to ensure they remain appropriate and monitors compliance with the guidelines through regular reports from the Manager, including performance reporting. The Board also reviews the investment strategy at least annually. Following this assessment and other considerations, the Board concluded that investment performance risk has remained stable. VALUATION In valuing its investments in private equity funds and unquoted companies and publishing its NAV, the Company relies to a significant extent on the accuracy of financial and other information provided by the underlying managers to the Manager. There is the potential for inconsistency in the valuation methods adopted by the managers of these funds and companies and for valuations to be misstated. Incorrect valuations being provided would lead to an incorrect overall NAV. The Manager carries out a formal valuation process quarterly including a review of third-party valuations. This process includes a comparison of unaudited valuations to latest audited reports, as well as a review of any potential adjustments that are required to ensure the valuations of the underlying investments are in accordance with the fair market value principles required under UK-adopted International Accounting Standards ('IAS'). Stable The Board regularly reviews and discusses the valuation process in detail with the Manager, including the sources of valuation information and methodologies used. Following this assessment and other considerations, the Board concluded that there was no material change in valuation risk. EXTERNAL RISKS POLITICAL AND MACRO-ECONOMIC UNCERTAINTY Political and macro-economic uncertainty and other global events, such as pandemics, that are outside the Company's control could adversely impact the environment in which the Company and its investment portfolio companies operate. Changes in the political or macro-economic environment could significantly affect the performance of existing investments (and valuations) and prospects for realisations. In addition, they could impact the number of credible investment opportunities the Company can originate. The Manager uses a range of complementary approaches to inform strategic planning and risk mitigation, including active investment management, profitability and balance sheet scenario planning and stress testing to ensure resilience across a range of outcomes. The process is supported by a dedicated in-house economist and professional advisers where appropriate. Increasing The Board monitors and reviews the potential impact on the Company from political and economic developments on an ongoing basis, including input and discussions with the Manager. Incorporating these views and other considerations, the Board concluded that this risk had increased. CLIMATE CHANGE The underlying managers of the fund investments and Direct Investments in the Company's Portfolio fail to ensure that their portfolio companies respond to the emerging threats from climate change. Climate-related transition risks, driven in particular by abrupt shifts in the political and technological landscape, impact the value of the Company's Portfolio. The Manager has a well-defined, firm-wide Responsible Investing Policy and sustainable investing framework in place. A tailored sustainable investing framework applies across all stages of the Company's investment process. Stable The Board monitors and reviews the potential impact to the Company from failures by underlying managers to mitigate the impact of climate change on portfolio company valuation. THE LISTED PRIVATE EQUITY SECTOR The listed private equity sector could fall out of favour with investors leading to a reduction in demand for the Company's shares. A change in sentiment to the sector has the potential to damage the Company's reputation and impact the performance of the Company's share price and widen the discount the shares trade at relative to NAV per Share, causing shareholder dissatisfaction. Private equity continues to outperform public markets over the long term and has proved to be an attractive asset class through various cycles. The Manager is active in marketing the Company's shares to a wide variety of investors to ensure the market is informed about the Company's performance and investment proposition. In setting the capital allocation policy, including the allocations to dividends and share buybacks, the Board monitors the discount to NAV and considers appropriate solutions to address any ongoing or substantial discount to NAV. Increasing The persistence of the discount to NAV, together with other sector uncertainties, indicates an increase in risk. The Board receives regular updates from the Company's broker and is kept informed of all material discussions with investors and analysts. FOREIGN EXCHANGE The Company has continued to expand its geographic diversity by making investments in different countries. Accordingly, most investments are denominated in US dollars and euros. The Company does not hedge its foreign exchange exposure. Therefore, movements in exchange rates between these currencies may have a material effect on the underlying sterling valuations of the investments and performance of the Company. The Board regularly reviews the Company's exposure to currency risk and reconsiders possible hedging strategies on at least an annual basis. Furthermore, the Company's multicurrency bank facility permits the borrowings to be drawn in euros and US dollars, if required. Stable The Board reviewed the Company's exposure to currency risk and possible hedging strategies and concluded that there was no material change in foreign exchange risk during the year and that it remains appropriate for the Company not to hedge its foreign exchange exposure. OPERATIONAL RISKS REGULATORY, LEGAL AND TAX COMPLIANCE Failure by the Manager to comply with relevant regulation and legislation could have an adverse impact on the Company. Additionally, adherence to changes in the legal, regulatory and tax framework applicable to the Manager could become onerous, lessening competitive or market opportunities. The failure of the Manager and the Company to comply with the rules of professional conduct and relevant laws and regulations could expose the Company to regulatory sanction and penalties as well as significant damage to its reputation. The Board is responsible for ensuring the Company's compliance with all applicable regulatory, legal and tax requirements. Monitoring of this compliance has been delegated to the Manager, of which the in-house Legal, Compliance and Risk functions provide regular updates to the Board covering relevant changes to regulation and legislation. The Board and the Manager continually monitor regulatory, legislative and tax developments to ensure early engagement in any areas of potential change. Stable The Company remains responsive to a wide range of developing regulatory areas; and will continue to enhance its processes and controls in order to remain compliant with current and expected legislation. KEY PROFESSIONALS Loss of key professionals at the Manager could impair the Company's ability to deliver its investment strategy and meet its external obligations if replacements are not found in a timely manner. If the Manager's team is not able to deliver its objectives, investment opportunities could be missed or misevaluated, while existing investment performance may suffer. The Manager regularly updates the Board on team developments and succession planning. The Manager places significant focus on: Developing key individuals to ensure that there is a pipeline of potential succession candidates internally. External appointments are considered if that best satisfies the business needs. A team-based approach to investment decision-making, i.e. no one investment professional has sole responsibility for an investment or fund manager relationship. Sharing insights and knowledge widely across the investment team, including discussing all potential new investments and the overall performance of the Portfolio. Designing and implementing a compensation policy that helps to minimise turnover of key people. Stable The Board reviewed the Company's exposure to people risk and concluded that the Manager continues to operate sustainable succession, competitive remuneration and retention plans. The Board believes that the risk in respect of people remains stable. THE MANAGER AND THIRD-PARTY PROVIDERS (INCLUDING BUSINESS PROCESSES, BUSINESS CONTINUITY AND CYBER) The Company is dependent on third parties for the provision of services and systems, especially those of the Manager, the Administrator and the Depositary. Failure by a third-party provider to deliver services in accordance with its contractual obligations could disrupt or compromise the functioning of the Company. A material loss of service could result in, among other things, an inability to perform business critical functions, financial loss, legal liability, regulatory censure and reputational damage. The failure of the Manager and Administrator to deliver an appropriate cyber security platform for critical technology systems could result in unauthorised access by malicious third parties, breaching the confidentiality, integrity and availability of Company data, negatively impacting the Company's reputation. The performance of the Manager, the Administrator, the Depositary and other third-party providers is subject to regular review and reported to the Board. The Manager, the Administrator and the Depositary produce internal control reports to provide assurance regarding the effective operation of internal controls. These reports are provided to the Audit Committee for review. The Committee would seek further representations from service providers if not satisfied with the effectiveness of their control environment. The Audit Committee formally assesses the internal controls of the Manager, the Administrator and Depositary on an annual basis to ensure adequate controls are in place. The assessment in respect of the current year is discussed in the Report of the Audit Committee. The Management Agreement and agreements with other third-party service providers are subject to notice periods that are designed to provide the Board with adequate time to put in place alternative arrangements. Stable The Board carries out a formal annual assessment (supported by the Manager's internal audit function) of the Manager's internal controls and risk management systems. The Board also received regular reporting from the Manager and other third parties. Following this review and other considerations, the Board concluded that there was no material change in the Manager and other third-party suppliers risk. FINANCIAL RISKS FINANCING The Company has outstanding commitments to private equity funds in excess of total liquidity that may be drawn down at any time. The ability to fund this difference is dependent on receiving cash proceeds from investments (the timing of which are unpredictable) and the availability of financing facilities. If the Company encountered difficulties in meeting its outstanding commitments, there would be significant reputational damage as well as risk of damages being claimed from managers and other counterparties. The Manager monitors the Company's liquidity, overcommitment ratio and covenants on a frequent basis, and undertakes cash flow monitoring, and provides regular updates on these activities to the Board. Stable The Board reviewed the Company's exposure to financing risk, noting the Net Debt position, the increase in available facility and the short-term realisation forecast and concluded that this risk was stable. Audited Financial Statements for the year ended 31 January 2025 INCOME STATEMENT Year to 31 January 2025 Year to 31 January 2024 Notes Revenue return £'000 Capital return £'000 Total £'000 Revenue return £'000 Capital return £'000 Total £'000 Investment returns Income, gains and losses on investments 2,10 1,060 134,156 135,216 2,365 39,369 41,734 Deposit interest 2 48 - 48 405 - 405 Other income 2 5 - 5 104 - 104 Foreign exchange gains and losses - (729) (729) - 1,193 1,193 1,113 133,427 134,540 2,874 40,562 43,436 Expenses Investment management charges 3 (1,618) (14,558) (16,175) (1,615) (14,533) (16,148) Other expenses including finance costs 4 (2,439) (8,417) (10,855) (2,520) (7,402) (9,922) (4,057) (22,974) (27,031) (4,135) (21,935) (26,070) Profit/(loss) before tax (2,943) 110,453 107,510 (1,261) 18,627 17,366 Taxation 6 - - - - Profit/(loss) for the period (2,943) 110,453 107,510 (1,261) 18,627 17,366 Attributable to: Equity shareholders (2,943) 110,453 107,510 (1,261) 18,627 17,366 Basic and diluted earnings per share 7 163.95p 25.63p The columns headed 'Total' represent the income statement for the relevant financial years and the columns headed 'Revenue return' and 'Capital return' are supplementary information in line with guidance published by the AIC. There is no Other Comprehensive Income. All profits are from continuing operations. The notes on pages 34 to 59 form an integral part of the financial statements. BALANCE SHEET Notes 31 January 2025 £'000 31 January 2024 £'000 Non-current assets Investments held at fair value 9,10,17 1,469,549 1,296,382 Current assets Cash and cash equivalents 11 3,927 9,722 Prepayments and receivables 12 2,018 2,258 5,945 11,980 Current liabilities Borrowings (131,931) (20,000) Payables 13 (11,171) (5,139) Net current assets / (liabilities) (137,157) (13,159) Total assets less current liabilities 1,332,392 1,283,223 Capital and reserves Share capital 14 7,292 7,292 Capital redemption reserve 2,112 2,112 Share premium 12,936 12,936 Capital reserve 1,315,727 1,279,751 Revenue reserve (5,675) (2,733) Total equity 1,332,392 1,283,223 Net Asset Value per Share (basic and diluted) 15 2072.9p 1909.4p The notes on pages 34 to 59 form an integral part of the financial statements. The financial statements on pages 30 to 59 were approved by the Board of Directors on 7 May 2025 and signed on its behalf by: Jane Tufnell Alastair Bruce Director Director CASH FLOW STATEMENT Notes Year to 31 January 2025 £'000 Year to 31st January 2024 £'000 Operating activities Sale of portfolio investments 19,966 40,611 Purchase of portfolio investments (34,144) (25,162) Cash flow to subsidiaries' investments (152,174) (116,084) Cash flow from subsidiaries' investments 125,769 195,300 Interest income received from portfolio investments 494 1,695 Dividend income received from portfolio investments 547 779 Other income received 53 509 Investment management charges paid (16,021) (15,647) Other expenses paid (1,881) (2,596) Net cash inflow/(outflow) from operating activities (57,391) 79,405 Financing activities Bank facility fee paid (2,011) (3,970) Interest paid (545) (5,571) Credit Facility utilised 139,762 128,109 Credit Facility repaid (27,831) (174,954) Purchase of shares into treasury (35,851) (13,068) Equity dividends paid 8 (22,308) (21,694) Net cash (outflow)/inflow from financing activities 51,215 (91,148) Net decrease in cash and cash equivalents (6,176) (11,743) Cash and cash equivalents at beginning of year 11 9,722 20,694 Net decrease in cash and cash equivalents (6,176) (11,743) Effect of changes in foreign exchange rates 381 771 Cash and cash equivalents at end of period 11 3,927 9,722 Includes settlement of unbilled management fees relating to the prior year (see note 13). The notes on pages 34 to 59 form an integral part of the financial statements. STATEMENT OF CHANGES IN EQUITY Share capital £'000 Capital redemption reserve £'000 Share premium £'000 Realised capital reserve 1 £'000 Unrealised capital reserve £'000 Revenue reserve 1 £'000 Total shareholders' equity £'000 Opening balance at 1 February 2024 7,292 2,112 12,936 473,015 790,602 (2,733) 1,283,223 Profit for the period and total comprehensive income - - - (6,033) 116,485 (2,942) 107,510 Capital distribution by subsidiary 2 - - - - - - - Dividends paid - - - (22,308) - - (22,308) Purchase of shares into treasury - - - (36,033) - - (36,033) Closing balance at 31 January 2025 7,292 2,112 12,936 408,641 907,087 (5,675) 1,332,392 Share capital £'000 Capital redemption reserve £'000 Share premium £'000 Realised capital reserve 1 £'000 Unrealised capital reserve £'000 Revenue reserve 1 £'000 Total shareholders' equity £'000 Opening balance at 1 February 2023 7,292 2,112 12,936 468,054 811,698 (1,473) 1,300,619 Profit for the period and total comprehensive income - - - 31,032 (12,405) (1,261) 17,366 Capital distribution by subsidiary 2 - - - 8,691 (8,691) - - Dividends paid - - - (21,694) - - (21,694) Purchase of shares into treasury - - - (13,068) - - (13,068) Closing balance at 31 January 24 7,292 2,112 12,936 473,015 790,602 (2,734) 1,283,223 Distributable reserves. During the prior reporting period ICG Enterprise Trust Limited Partnership made a distribution of realised profits totalling £8.6m to the Company. The notes on pages 34 to 59 form an integral part of the financial statements. NOTES TO THE FINANCIAL STATEMENTS 1 ACCOUNTING POLICIES General information These financial statements relate to ICG Enterprise Trust Plc ('the Company'). ICG Enterprise Trust Plc is registered in England and Wales and is incorporated in the United Kingdom. The Company is domiciled in the United Kingdom and its registered office is Procession House, 55 Ludgate Hill, London EC4M 7JW. The Company's objective is to provide long-term growth by investing in private companies managed by leading private equity managers. (a) Basis of preparation The financial information for the year ended 31 January 2025 has been prepared in accordance with UK-adopted International Accounting Standards ('UK-IAS') and the Statement of Recommended Practice ('SORP') for investment trusts issued by the Association of Investment Companies in July 2022. UK-IAS comprises standards and interpretations approved by the International Accounting Standards Board ('IASB') and the IFRS Interpretations Committee. These financial statements have been prepared on a going concern basis and on the historical cost basis of accounting, modified for the revaluation of certain assets at fair value. The directors have concluded that the preparation of the financial statements on a going concern basis continues to be appropriate. Going concern In assessing the appropriateness of continuing to adopt the going concern basis of accounting, the Board has assessed the financial position and prospects of the Company. The Company's business activities, together with factors likely to affect its future development, performance, position and cash flows, are set out in the Chair's statement on page 5, and the Manager's review on page 7. As part of this review, the Board assessed the potential impact of principal risks on the Company's business activities, the Company's cash position, the availability of the Company's credit facility and compliance with its covenants, and the Company's cash flow projections. Based on this assessment, the Board expects that the Company will be able to continue in operation and meet its liabilities as they fall due until, at least, 31 May 2026, a period of more than 12 months from the signing of the financial statements. Therefore it is appropriate to continue to adopt the going concern basis of preparation of the Company's financial statements. Climate change In preparing the financial statements, the directors have considered the impact of climate change, particularly in the context of the climate change risks identified in the Principal risks and uncertainties section of this Report, and the impact of climate change risk on the valuation of investments. These considerations did not have a material impact on the financial reporting judgements and estimates in the current year, nor were they expected to have a significant impact on the Company's going concern or viability. Accounting policies The principal accounting policies adopted are set out below. These policies have been applied consistently throughout the current and prior year. In order to reflect the activities of an investment trust company, supplementary information which analyses the income statement between items of revenue and capital nature has been presented alongside the income statement. In analysing total income between capital and revenue returns, the directors have followed the guidance contained in the SORP as follows: Capital gains and losses on investments sold and on investments held arising on the revaluation or disposal of investments classified as held at fair value through profit or loss should be shown in the capital column of the income statement. Returns on any share or debt security for a fixed amount (whether in respect of dividends, interest or otherwise) should be shown in the revenue column of the income statement. NOTES TO THE FINANCIAL STATEMENTS CONTINUED The Board should determine whether the indirect costs of generating capital gains should also be shown in the capital column of the income statement. If the Board decides that this should be so, the management fee should be allocated between revenue and capital in accordance with the Board's expected long-term split of returns, and other expenses should be charged to capital only to the extent that a clear connection with the maintenance or enhancement of the value of investments can be demonstrated. The accounting policy regarding the allocation of expenses is set out in note 1(i). In accordance with IFRS 10 (amended), the Company is deemed to be an investment entity on the basis that: (a) it obtains funds from one or more investors for the purpose of providing investors with investment management services; (b) it commits to its investors that its business purpose is to invest funds for both returns from capital appreciation and investment income; and (c) it measures and evaluates the performance of substantially all of its investments on a fair value basis. As a result, the Company's controlled structured entities ('subsidiaries') are deemed to be investments and are classified as held at fair value through profit and loss. (b) Financial assets The Company classifies its financial assets in the following categories: at fair value through profit or loss; and at amortised cost. The classification depends on the purpose for which the financial assets were acquired. The classification of financial assets is determined at initial recognition. Financial assets at fair value through profit or loss The Company classifies its quoted and unquoted investments as financial assets at fair value through profit or loss. These assets are measured at subsequent reporting dates at fair value and further details of the accounting policy are disclosed in note 1(c). Financial assets at amortised cost Financial assets at amortised cost are non-derivative financial assets which pass the contractual cash flow test and are held to receive contractual cash flows. These are classified as current assets and measured at amortised cost using the effective interest rate method. The Company's financial assets at amortised cost comprise cash and cash equivalents and trade and other receivables in the balance sheet. (c) Investments Investments comprise fund investments and portfolio company investments held by the Company directly, together with the fair value of the Company's interest in controlled structured entities (see note 9) which themselves invest in fund investments and portfolio company investments. All investments are classified upon initial recognition as held at fair value through profit or loss (described in these financial statements as investments held at fair value) and are measured at subsequent reporting dates at fair value. All investments are fair valued in line with IFRS 13 'Fair Value Measurement', using industry standard valuation guidelines such as the International Private Equity and Venture Capital ('IPEV') valuation guidelines. Changes in the value of all investments held at fair value, which include returns on those investments such as dividends and interest, are recognised in the income statement and are allocated to the revenue column or the capital column in accordance with the SORP (see note 1(a)). More detail on certain categories of investment is set out below. Given that the subsidiaries and associates are held at fair value and are exposed to materially similar risks as the Company, we do not expect the risks to materially differ from those disclosed in note 17. Unquoted Investments Fund investments and Co-investments (collectively 'unquoted investments') are fair valued using the net asset value of those unquoted investments as determined by the third-party investment manager of those funds. The third-party investment manager performs periodic valuations of the underlying investments in their funds, typically using earnings multiple or discounted cash flow methodologies to determine enterprise value in line with IPEV Guidelines. In the absence of contrary information, these net asset valuations received from the third-party investment managers are deemed to be NOTES TO THE FINANCIAL STATEMENTS CONTINUED appropriate by the Manager, for the purposes of the Manager's determination of the fair values of the unquoted investments. A robust assessment is performed by the Manager's experienced Investment Committee to determine the capability and track record of the investment manager. All investment managers are scrutinised by the Investment Committee and an approval process is recorded before any new investment manager is approved and an investment made. This level of scrutiny provides reasonable comfort that the investment manager's valuation will be consistent with the requirement to use fair value. Adjustments may be made to the net asset values provided or an alternative valuation method may be adopted if deemed to be more appropriate. The most common reason for adjustments to the value provided by an underlying manager is to take account of events occurring between the date of the manager's valuation and the reporting date, for example, subsequent cash flows or notification of an agreed sale. Subsidiary undertakings The investments in the controlled structured entities ('subsidiaries') are recognised at fair value through profit and loss. The valuation of the subsidiaries takes into account an accrual for the estimated value of interests in the Co-investment Incentive Scheme. Under these arrangements, ICG (the 'Manager') and certain of its executives and, in respect of certain historic investments, the executives and connected parties of Graphite Capital Management LLP (the 'Former Manager') (together 'the Co-investors'), are required to co-invest alongside the Company, for which they are entitled to a share of investment profits if certain performance hurdles are met. At 31 January 2024, the accrual was estimated as the theoretical value of the interests if the Portfolio had been sold at the carrying value at that date. Associates The Company holds an interest (including indirectly through its subsidiaries) of more than 20% in a small number of investments that may normally be classified as subsidiaries or associates. These investments are not considered subsidiaries or associates as the Company does not exert control or significant influence over the activities of these companies/structured entities as they are managed by other third parties. (d) Prepayments and receivables Receivables include unamortised fees which were incurred directly in relation to the agreement of a financing facility. These fees will be amortised over the life of the facility on a straight-line basis. (e) Payables Other payables are non-interest bearing and are stated at their amortised cost, which is not materially different from fair value. (f) Cash and cash equivalents Cash and cash equivalents comprise cash and short-term bank deposits with an original maturity of three months or less. (g) Dividend distributions Dividend distributions to shareholders are recognised in the period in which they are paid. (h) Income When it is probable that economic benefits will flow to the Company and the amount can be measured reliably, interest is recognised on a time apportionment basis. Dividends receivable on quoted equity shares are brought into account on the ex-dividend date. Dividends receivable on equity shares where no ex-dividend date is applicable are brought into account when the Company's right to receive payment is established. UK dividend income is recorded at the amount receivable. Overseas dividend income is shown net of withholding tax. Income distributions from funds are recognised when the right to distributions is established. NOTES TO THE FINANCIAL STATEMENTS CONTINUED (i) Expenses All expenses are accounted for on an accruals basis. Expenses are allocated to the revenue column in the income statement, consistent with the SORP, with the following exceptions: Expenses which are incidental to the acquisition or disposal of investments (transaction costs) are allocated to the capital column The Board expects the majority of long-term returns from the Portfolio to be generated from capital gains. Expenses are allocated 90% to the capital column and 10% to the revenue column, reflecting the Company's current and future return profile. Other expenses are allocated to the capital column where a clear connection with the maintenance or enhancement of the value of investments can be demonstrated. All expenses allocated to the capital column are treated as realised capital losses (see note 1(l)). (j) Taxation Investment trusts which have approval as such under Section 1158 of the Corporation Tax Act 2010 are not liable for taxation on capital gains. Tax recognised in the income statement represents the sum of current tax and deferred tax charged or credited in the year. The tax effect of different items of expenditure is allocated between capital and revenue on the same basis as the particular item to which it relates. Deferred tax is the tax expected to be payable or recoverable on the difference between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit, and is accounted for using the balance sheet liability method. Deferred tax liabilities are recognised for all taxable temporary differences and deferred tax assets are recognised to the extent that it is probable that taxable profits will be available against which deductible temporary differences can be utilised. Deferred tax assets are not recognised in respect of tax losses carried forward to future periods. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the assets are realised. Deferred tax is charged or credited in the income statement, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. (k) Foreign currency translation The functional and presentation currency of the Company is sterling, reflecting the primary economic environment in which the Company operates. Transactions in currencies other than sterling are recorded at the rates of exchange prevailing on the dates of the transactions. At each balance sheet date, financial assets and liabilities denominated in foreign currencies are translated at the rates prevailing on the balance sheet date. Gains and losses arising on the translation of investments held at fair value are included within gains and losses on investments held at fair value in the income statement. Gains and losses arising on the translation of other financial assets and liabilities are included within foreign exchange gains and losses in the income statement. (l) Revenue and capital reserves The revenue return component of total income is taken to the revenue reserve within the statement of changes in equity. The capital return component of total income is taken to the capital reserve within the statement of changes in equity. Gains and losses on the realisation of investments including realised exchange gains and losses and expenses of a capital nature are taken to the realised capital reserve (see note 1(i)). Changes in the valuations of investments which are held at the year end and unrealised exchange differences are accounted for in the unrealised capital reserve. Net gains on the realisation of investments in the controlled structured entities (see note 9) are transferred to the Company by way of profit distributions. The revenue reserve is distributable by way of dividends to shareholders. The realised capital reserve is distributable by way of dividends and share buybacks. The capital redemption reserve is not distributable and represents the nominal value of shares bought back for cancellation. (m) Treasury shares Shares that have been repurchased into treasury remain included in the share capital balance, unless they are cancelled. NOTES TO THE FINANCIAL STATEMENTS CONTINUED (n) Critical estimates and assumptions Estimates and judgements used in preparing the financial information are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable. The resulting estimates will, by definition, seldom equal the related actual results. In preparing the financial statements, the directors have considered the impact of climate change on the key estimates within the financial statements. The only estimates and assumptions that have a significant risk of causing a material adjustment to the carrying values of assets and liabilities in the next financial year relate to the valuation of unquoted investments. Unquoted investments are primarily the Company's investments in unlisted funds, managed by third-party investment fund managers and ICG. As such there is significant estimation in the valuation of the unlisted fund at a point in time. Note 1(c) sets out the accounting policy for unquoted investments. The carrying amount of unquoted investments at the year end is disclosed within note 10. (o) Segmental reporting Operating segments are reported in a manner consistent with the internal reporting provided to the chief operating decision maker. The chief operating decision maker who is responsible for allocating resources and assessing performance of the segments has been identified as the Board. It is considered that the Company's operations comprise a single operating segment. 2 INVESTMENT RETURNS Year ended Year ended 31 January 2025 31 January 2024 £'000 £'000 Income from investments Overseas interest and dividends 1,060 2,365 1,060 2,365 Deposit interest on cash 48 405 Other 5 104 53 509 Total income 1,113 2,874 Analysis of income from investments Unquoted 1,060 2,365 1,060 2,365 3 INVESTMENT MANAGEMENT CHARGES Management fees paid to ICG for managing ICG Enterprise Trust amounted to 1.25% (2024: 1.25%) of the average net assets in the year. The reduction in the fee is due to the application of the cap. From 1 February 2023 the management fee is subject to a cap of 1.25% of net asset value. NOTES TO THE FINANCIAL STATEMENTS CONTINUED 3 INVESTMENT MANAGEMENT CHARGES CONTINUED The amounts charged during the year are set out below: Year ended 31 January 2025 Year ended 31 January 2024 Revenue Capital Total Revenue Capital Total £'000 £'000 £'000 £'000 £'000 £'000 Investment management charge 1,617 14,558 16,175 1,615 14,533 16,148 The Company and its subsidiaries also incur management fees in respect of its investment in funds managed by members of ICG on an arms-length basis. Year ended Year ended 31 January 2025 31 January 2024 £'000 £'000 ICG Europe VIII 434 467 ICG Strategic Equity V 353 131 ICG Strategic Equity IV 340 593 ICG LP Secondaries Fund I LP 325 55 ICG Europe VII 238 257 ICG Strategic Equity III 238 183 ICG Europe Mid-Market II 95 87 ICG Augusta Partners Co-Investor II 89 91 ICG Europe Mid-Market 87 120 ICG North American Private Debt II 68 74 ICG Strategic Secondaries II 36 74 ICG Europe VI 23 41 ICG Asia Pacific III 15 30 ICG Recovery Fund 2008B 3 31 ICG Europe V 2 1 2,346 2,235 NOTES TO THE FINANCIAL STATEMENTS CONTINUED 4 OTHER EXPENSES The Company did not employ any staff in the year to 31 January 2025 (2024: none). Year ended Year ended 31 January 2025 31 January 2024 £'000 £'000 £'000 £'000 Directors' fees (see note 5) 340 316 Fees payable to the Company's auditor for the audit of the Company's annual accounts 170 239 Fees payable to the Company's auditor and its associates for other services: - Audit of the accounts of the subsidiaries 108 139 - Audit-related assurance services 71 53 Total auditors' remuneration 349 431 Administrative expenses 811 1,021 1,500 1,768 Bank facility costs allocated to revenue 277 258 Interest costs allocated to revenue 661 493 Expenses allocated to revenue 2,438 2,519 Bank facility costs allocated to capital 8,417 7,403 Total other expenses 10,855 9,922 1. The auditors of the Company have additionally provided £16k (2024: £14k) of non-audit related services permitted under the Financial Reporting Council's ('FRC') Revised Ethical Standards. The service related to agreed upon procedures over the Company's carried interest scheme. These expenses have been charged to the Manager of the Company. Included within Total other expenses above are £9.4m (2024: of costs related to financing and £(0.2)m (credit) (2024: of other expenses which are non-recurring and are excluded from the Ongoing Charges as detailed in the glossary on page 58. Professional fees of £0.2m (2024: incidental to the acquisition or disposal of investments are included within gains/(losses) on investments held at fair value. 5 DIRECTORS' REMUNERATION AND INTERESTS No income was received or receivable by the directors from any other subsidiary of the Company. 6 TAXATION In both the current and prior years the tax charge was lower than the standard rate of corporation tax of 19%, principally due to the Company's status as an investment trust, which means that capital gains are not subject to corporation tax. The effect of this and other items affecting the tax charge are shown in note 6(b) below. The UK's main rate of corporation tax increased from 19% to 25% with effect from 1 April 2023. A blended rate of 24% was applied for the year ended 31 January 2024, calculated by the number of days within the accounting period spanning the rate change. A corporation tax rate of 25% was applied for the year ended 31 January 2025. NOTES TO THE FINANCIAL STATEMENTS CONTINUED Year ended Year ended 31 January 2025 31 January 2024 £'000 £'000 a) Analysis of charge in the year Tax credit on items allocated to revenue - - Tax charge on items relating to prior years - - Corporation tax - - b) Factors affecting tax charge for the year Profit on ordinary activities before tax 107,510 17,367 Profit before tax multiplied by rate of corporation tax in the UK of 25% (2024: 24%) 26,790 4,168 Effect of: – net investment returns not subject to corporation tax (33,357) (9,735) – dividends not subject to corporation tax (52) (187) – expenses not deductible for tax purposes 1,353 - – current year management expenses not utilised/(utilised) 489 5,754 – other deductions 4,777 - Total tax charge - - The Company has £70.0m excess management expenses carried forward (2024: No deferred tax assets or liabilities (2024: nil) have been recognised in respect of the carried forward management expenses due to the uncertainty that future taxable profit will be generated that these losses can be offset against. For all investments the tax base is equal to the carrying amount. There was no deferred tax expense relating to the origination and reversal of timing differences in the year (2024: nil). 7 EARNINGS PER SHARE Year ended Year ended 31 January 2025 31 January 2024 Revenue return per ordinary share Capital return per ordinary share 168.38p 27.49p Earnings per ordinary share (basic and diluted) 163.95p 25.63p Revenue return per ordinary share is calculated by dividing the revenue return attributable to equity shareholders of £(2.9)m (2024: £(1.3)m) by the weighted average number of ordinary shares outstanding during the year. Capital return per ordinary share is calculated by dividing the capital return attributable to equity shareholders of £102.4m (2024: by the weighted average number of ordinary shares outstanding during the year. Basic and diluted earnings per ordinary share are calculated by dividing the earnings attributable to equity shareholders of £99.5m (2024: by the weighted average number of ordinary shares outstanding during the year. The weighted average number of ordinary shares outstanding (excluding those held in treasury) during the year was 65,569,285 (2024: 67,761,359). There were no potentially dilutive shares, such as options or warrants, in either year. NOTES TO THE FINANCIAL STATEMENTS CONTINUED 8 DIVIDENDS Year ended Year ended 31 January 2025 31 January 2024 £'000 £'000 Third quarterly dividend in respect of year ended 31 January 2024: 8p per share (2023: 6.0p) 5,345 4,781 Final dividend in respect of year ended 31 January 2024: 9p per share (2023: 9.0p) 5,894 6,105 First quarterly dividend in respect of year ended 31 January 2025: 8.5p per share (2024: 8.0p) 5,557 5,415 Second quarterly dividend in respect of year ended 31 January 2025: 8.5p per share (2024: 8.0p) 5,512 5,393 Total 22,308 21,694 The Company paid a third quarterly dividend of 8.5p per share in February 2025. The Board has proposed a final dividend of 10.5p per share (estimated cost in respect of the year ended 31 January 2025 which, if approved by shareholders, will be paid on 18 July 2025 to shareholders on the Register of Members at the close of business on 04 July 2025. 9 SUBSIDIARY UNDERTAKINGS AND UNCONSOLIDATED STRUCTURED ENTITIES Subsidiary undertakings (controlled structured entities) Subsidiaries of the Company as at 31 January 2025 comprise the following controlled structured entities, which are registered in England and Wales. Subsidiaries of the Company's direct subsidiaries are reported as indirect subsidiaries. Direct subsidiaries Ownership interest 2025 Ownership interest 2024 ICG Enterprise Trust Limited Partnership 97.5% 97.5% ICG Enterprise Trust (2) Limited Partnership 97.5% 97.5% ICG Enterprise Trust Co-investment Limited Partnership 99.0% 99.0% Indirect subsidiaries Ownership interest 2025 Ownership interest 2024 ICG Enterprise Holdings LP 99.5% 99.5% ICG Morse Partnership LP 99.5% 99.5% ICG Lewis Partnership LP 99.5% 99.5% In accordance with IFRS 10 (amended), the subsidiaries are not consolidated and are instead included in unquoted investments at fair value. The value of the subsidiaries is shown net of an accrual for the interests of the Co-investors (ICG and certain of its executives and in respect of certain historical investments, the executives and connected parties of Graphite Capital, the Former Manager) in the Co-investment Incentive Scheme. As at 31 January 2025 a total of £53.9m (2024: was accrued in respect of these interests. During the year the Co-investors invested £1.0m (2024: into ICG Enterprise Trust Co-investment Limited Partnership. Payments received by the Co-investors amounted to £10.8m or 7.1% of £150.8m of Total Proceeds received in the year (2024: £5.4m or 2.3% of £238.6m proceeds received). NOTES TO THE FINANCIAL STATEMENTS CONTINUED Unconsolidated structured entities The Company's principal activity is investing in private equity funds and directly into private companies. Such investments may be made and held via a subsidiary. The majority of these investments are unconsolidated structured entities as defined in IFRS 12. The Company holds interests in closed-ended limited partnerships which invest in underlying companies for the purposes of capital appreciation. The Company and the other limited partners make commitments to finance the investment programme of the relevant manager, who will typically draw down the amount committed by the limited partners over a period of four to six years (see note 16). The table below disaggregates the Company's interests in unconsolidated structured entities. The table presents for each category the related balances and the maximum exposure to loss. Unquoted investments £'000 Co-investment Incentive Scheme accrual £'000 Maximum loss exposure £'000 As at 31 January 2025 1,523,459 (53,910) 1,469,549 As at 31 January 2024 1,350,821 (54,439) 1,296,382 Further details of the Company's investment Portfolio are included in the Portfolio dashboard on page 16. 10 INVESTMENTS The tables below analyse the movement in the carrying value of the Company's investment assets in the year. In accordance with accounting standards, subsidiary undertakings of the Company are reported at fair value rather than on a 'look-through' basis. An investee fund is considered to generate realised gains or losses if it is more than 85% drawn and has returned at least the amount invested by the Company. All gains and losses arising from the underlying investments of such funds are presented as realised. All gains and losses in respect of fund investments that have not satisfied the above criteria are presented as unrealised. Direct Investments are considered to generate realised gains or losses when they are sold. Investments are held by both the Company and through its subsidiaries. NOTES TO THE FINANCIAL STATEMENTS CONTINUED Quoted Unquoted Subsidiary undertakings Total £'000 £'000 £'000 £'000 Cost at 1 February 2024 - 179,528 300,114 479,642 Unrealised appreciation at 1 February 2024 - 80,768 735,972 816,740 Valuation at 1 February 2024 - 260,296 1,036,086 1,296,382 Movements in the year: Purchases - 34,144 151,292 185,436 Sales – capital proceeds (20,214) (125,769) (145,983) – realised gains/(losses) based on carrying value at previous balance sheet date 1,530 1,530 Movement in unrealised appreciation 29,473 102,711 132,184 Valuation at 31 January 2025 - 305,229 1,164,320 1,469,549 Cost at 31 January 2025 - 193,458 325,637 519,095 Unrealised appreciation/ (depreciation) at 31 January 2025 - 111,771 838,683 950,454 Valuation at 31 January 2025 - 305,229 1,164,320 1,469,549 Quoted Unquoted Subsidiary undertakings Total £'000 £'000 £'000 £'000 Cost at 1 February 2023 - 195,104 378,426 573,530 Unrealised appreciation at 1 February 2023 - 74,074 701,471 775,545 Valuation at 1 February 2023 - 269,178 1,079,897 1,349,075 Movements in the year: Purchases - 25,181 116,988 142,169 Sales – capital proceeds (40,757) (195,300) (236,057) – realised gains/(losses) based on carrying value at previous balance sheet date (1,044) (1,044) Movement in unrealised appreciation 7,739 34,500 42,239 Valuation at 31 January 2023 - 260,296 1,036,086 1,296,382 Cost at 31 January 2024 - 179,528 300,114 479,642 Unrealised appreciation/ (depreciation) at 31 January 2024 - 80,768 735,972 816,740 Valuation at 31 January 2024 - 260,296 1,036,086 1,296,382 NOTES TO THE FINANCIAL STATEMENTS CONTINUED 31 January 2025 31 January 2024 £'000 £'000 Realised gains/loss based on cost 1,530 (1,044) Amounts recognised as unrealised in previous years - - Realised gains based on carrying values at previous balance sheet date 1,530 (1,044) Increase in unrealised appreciation 132,184 42,239 Gains on investments 133,714 41,195 'Realised gains based on cost' represents the total increase in value, compared to cost, of those funds which meet the criteria set out in page 42. These gains are adjusted for amounts previously reported as unrealised (and included within the fair value at the previous balance sheet date) to determine the 'Realised gains based on carrying values at previous balance sheet date'. Gains on investments includes the 'Realised gains based on carrying values at previous balance sheet date' together with the net fair value movement on the balance of the investee funds. Related undertakings At 31 January 2025, the Company held direct and indirect interests in six limited partnership subsidiaries. These interests, net of the incentive accrual as described in note 9, were: Investment 31 January 2025 % 31 January 2024 % ICG Enterprise Trust Limited Partnership 99.9% 99.9% ICG Enterprise Trust (2) Limited Partnership 66.5% 66.5% ICG Enterprise Trust Co-investment Limited Partnership 66.0% 66.0% ICG Enterprise Holdings LP 99.5% 99.5% ICG Morse Partnership LP 99.5% 99.5% ICG Lewis Partnership LP 99.5% 99.5% The registered address and principal place of business of the subsidiary partnerships is Procession House, 55 Ludgate Hill, London EC4M 7JW. In addition the Company held an interest (including indirectly through its subsidiaries) of more than 20% in the following entities. These investments are not considered subsidiaries or associates as the Company does not exert control or have significant influence over the activities of these companies/partnerships. NOTES TO THE FINANCIAL STATEMENTS CONTINUED As at 31 January 2025 Investment Instrument % interest 1 Graphite Capital Partners VII Top Up Plus Limited partnership interests 20.0% Graphite Capital Partners VIII Top Up Limited partnership interests 41.1% ICG Velocity 3 Limited partnership interests 32.5% As at 31 January 2024 Investment Instrument % interest 1 Graphite Capital Partners VII Top Up Plus 2 Limited partnership interests 20.0% Graphite Capital Partners VIII Top Up 2 Limited partnership interests 41.1% ICG Velocity 3 Limited partnership interests 32.5% The percentage shown for limited partnership interests represents the proportion of total commitments to the relevant fund. The percentage shown for shares represents the proportion of total shares in issue. Address of principal place of business is 7 Air Street, Soho, London W1B 5AD. Address of principal place of business is Procession House, 55 Ludgate Hill, London, EC4M 7JW. 11 CASH AND CASH EQUIVALENTS 31 January 2025 31 January 2024 £'000 £'000 Cash at bank and in hand 3,927 9,722 12 PREPAYMENTS AND RECEIVABLES 31 January 2025 31 January 2024 £'000 £'000 Prepayments and accrued income 2,018 2,258 As at 31 January 2025, prepayments and accrued income included £2.0m (2024: of unamortised costs in relation to the bank facility. Of this amount £0.8m (2024: is expected to be amortised in less than one year. 13 PAYABLES – CURRENT 31 January 2025 31 January 2024 £'000 £'000 Accruals, including facility interest 11,171 5,139 Bank facility drawn 131,931 20,000 Payables 143,102 25,139 Bank facility details are shown in the liquidity section of note 17 on page 52. NOTES TO THE FINANCIAL STATEMENTS CONTINUED 14 SHARE CAPITAL Authorised Issued and fully paid Nominal Nominal Equity share capital Number £'000 Number £'000 Balance at 31 January 2025 120,000,000 12,000 72,913,000 7,292 Balance at 31 January 2024 120,000,000 12,000 72,913,000 7,292 All ordinary shares have a nominal value of At 31 January 2025 and 31 January 2024, 72,913,000 shares had been allocated, called up and fully paid. During the year 2,932,675 shares were bought back in the market and held in treasury (2024: 1,130,708 shares). At 31 January 2025, the Company held 8,640,808 shares in treasury (2024: 5,708,133) and had 64,272,192 (2024: 67,204,867) shares outstanding, all of which have equal voting rights. 31 January 2025 31 January 2024 Shares held in treasury 8,640,808 5,708,133 Shares not held in treasury 64,272,192 67,204,867 Total 72,913,000 72,913,000 15 NET ASSET VALUE PER SHARE The net asset value per share is calculated on equity attributable to equity holders of £1,332.4m (2024: and on 67,272,192 (2024: 67,204,867) ordinary shares in issue at the year end. There were no potentially dilutive shares, such as options or warrants, at either year end. Calculated on both the basic and diluted basis the net asset value per share was 2,072.9p (2024: 16 CAPITAL COMMITMENTS AND CONTINGENCIES The Company and its subsidiaries had uncalled commitments in relation to the following Portfolio investments: 31 January 2025 £'000 31 January 2024 £'000 ICG LP Secondaries Fund I LP 41,146 34,811 ICG Strategic Equity V 2 36,868 19,704 ICG Europe Mid-Market Fund II 1 19,245 21,316 ICG Augusta Partners Co-Investor 2 17,775 17,365 ICG Strategic Secondaries Fund II 2 16,938 16,547 ICG Europe VIII 1 14,339 25,901 ICG Ludgate Hill (Feeder B) SCSp 1 13,591 13,860 ICG Strategic Equity Fund III 2 11,201 10,942 ICG MXV Co-Investment 8,361 - ICG Strategic Equity IV 2 7,055 10,385 ICG Europe VII 1 6,082 6,541 ICG Ludgate Hill (Feeder) IIIA Porsche SCSp 2 5,691 4,652 ICG Europe Mid-Market Fund 1 5,524 5,476 ICG Ludgate Hill (Feeder) II Boston SCSp 2 5,392 5,267 ICG Asia Pacific Fund III 2 2,523 2,634 ICG Europe VI 1 4,013 4,311 ICG North American Private Debt Fund II 2 2,097 1,682 ICG Colombe Co-investment 1 1,811 2,378 ICG Dallas Co-Investment 2 1,240 1,280 Commitments of less than £1,000,000 at 31 January 2025 5,746 5,991 Total ICG 226,638 211,043 Graphite Capital Partners IX 2,281 4,525 Graphite Capital Partners VIII 1 4,124 2,194 Graphite Capital Partners VII 1,2 456 456 Total Graphite funds 6,861 7,175 interest acquired through a secondary fund purchase. the associated Top Up funds. 31 January 2025 £'000 31 January 2024 £'000 Leeds VIII-A 16,135 - Bowmark VII 15,000 15,000 New Mountain VII 14,299 15,763 PAI Europe VIII 12,356 20,900 Thoma Bravo XVI-A 12,101 - Investindustrial VIII 12,009 - Cinven VIII 11,748 12,789 CVC IX A 10,546 12,789 Bain VI 9,939 11,319 CDR XII 8,908 11,822 The Resolute Fund VI 8,577 11,822 Hellman Friedman XI (Parallel) 8,067 7,881 Advent International X-A 8,039 10,849 Bregal Unternehmerkapital IV-A 7,762 8,526 Green Equity Investors Side IX 7,618 15,611 Permira VIII 7,618 9,356 Genstar Capital Partners XI (EU) 7,455 7,850 Apax XI EUR 6,860 8,383 Gridiron V 6,578 9,008 Oak Hill VI (Offshore) 5,034 - Investindustrial VII 4,895 4,219 Audax Private Equity VII-B 4,546 5,830 Integrum I 4,052 5,715 American Securities IX 4,034 - Thomas H Lee Equity Fund IX 3,998 6,762 PAI Mid-Market Fund 3,764 4,963 BC XI 3,710 4,900 Bowmark VI 3,357 1,357 Hg Genesis X 3,326 3,469 Ivanti 2,979 2,910 Valeas Capital Partners I A 2,973 - CVC VII 2,944 - PAI VII 2,430 2,872 GHO Capital III 2,257 2,617 Bain XIII 2,247 2,739 Audiotonix 2,243 - Bain Tech Opportunities II 2,239 2,276 Tailwind III 2,203 1,517 Ambassador Theatre Group 2,056 2,049 Thomas H Lee Equity Fund VIII 1,940 2,011 Thoma Bravo XV 1,901 2,648 Hg Saturn III 1,840 2,714 Seventh Cinven Fund 1,812 2,929 GI Partners VI-A 1,789 2,168 Charlesbank X 1,685 3,543 Apax X 1,677 1,442 Hellman Friedman X 1,631 2,194 Bregal Unternehmerkapital III 1,575 2,113 Carlyle Europe Partners V 1,553 2,243 Resolute V 1,363 855 FSN VI 1,303 2,946 Gridiron III 1,289 4,080 AEA VII 1,243 464 Resolute 02 Continuation (SEC 1) 1,145 9,893 CVC European Equity Partners VIII 512 3,402 New Mountain VI 498 2,276 European Camping Group 2 399 1,474 Leeds VII 317 3,581 Commitments of less than £2,000,000 at 31 January 2025 62,785 36,908 Total third party 319,687 333,747 Total commitments 553,186 551,965 The Company and its subsidiaries had no other unfunded commitments to investment funds. Commitments made by the Company and its subsidiaries are irrevocable. As at 31 January 2025, the Company (excluding its subsidiaries) had uncalled commitments in relation to the above Portfolio of £114.3m (2024: The Company did not have any contingent liabilities at 31 January 2025 (2024: None). NOTES TO THE FINANCIAL STATEMENTS CONTINUED The Company's subsidiaries, which are not consolidated, had the balance of uncalled commitments in relation to the above Portfolio of £438.9m (2024: The Company is responsible for financing its pro-rata share of those uncalled commitments (see note 9). 17 FINANCIAL INSTRUMENTS AND RISK MANAGEMENT The Company is an investment company as defined by Section 833 of the Companies Act 2006 and conducts its affairs so as to qualify as an investment trust under the provisions of Section 1158 of the Corporation Tax Act 2010 ('Section 1158'). The Company's objective is to provide long-term growth by investing in private companies managed by leading private equity managers. Investments in funds have anticipated lives of approximately 10 years. Direct Investments are made with an anticipated holding period of between three and five years. Financial risk management The Company's activities expose it to a variety of financial risks: market risk (comprising currency risk, interest rate risk and price risk), investment risk, credit risk and liquidity risk. The Company's overall risk management programme focuses on the unpredictability of financial markets and seeks to minimise potential adverse effects on the Company's financial performance. The Board has overall responsibility for managing the risks and the framework for monitoring and coordinating these risks. The Audit Committee regularly reviews, identifies and evaluates the risks taken by the Company to allow them to be appropriately managed. All of the Company's management functions are delegated to the Manager which has its own internal control and risk monitoring arrangements. The Committee makes a regular assessment of these arrangements, with reference to the Company's risk matrix. The Company's financial risk management objectives and processes used to manage these risks have not changed from the previous period and the policies are set out below: Market risk (i) Currency risk The Company's investments are principally in continental Europe, the US and the UK, and are primarily denominated in euro, US dollars and sterling. There are also smaller amounts in other European currencies. The Company's investments in controlled structured entities are reported in Sterling. The Company is exposed to currency risk in that movements in the value of sterling against these foreign currencies will affect the net asset value and the cash required to fund undrawn commitments. The Board regularly reviews the level of foreign currency denominated assets and outstanding commitments in the context of current market conditions and may decide to buy or sell currency or put in place currency hedging arrangements. No hedging arrangements were in place during the financial year. The composition of the net assets of the Company by reporting currency at the year end is set out below: Sterling Euro USD Other Total 31 January 2025 £'000 £'000 £'000 £'000 £'000 Investments 1,201,166 81,755 186,623 5 1,469,549 Cash and cash equivalents and other net current assets (139,168) 1,385 618 8 (137,157) 1,061,998 83,140 187,241 13 1,332,392 Sterling Euro USD Other Total 31 January 2024 £'000 £'000 £'000 £'000 £'000 Investments 1,068,115 81,164 146,881 222 1,296,382 Cash and cash equivalents and other net current assets (21,553) 4,504 3,878 12 (13,159) 1,046,562 85,668 150,759 234 1,283,223 NOTES TO THE FINANCIAL STATEMENTS CONTINUED On a look-through basis to the currency of the portfolio company, the effect of a 25% increase or decrease in the sterling value of the euro would be a fall of £71.3m and a rise of £65.1m in the value of shareholders'equity and on profit after tax at 31 January 2025 respectively (2024: a fall of £74m and a rise of £56.1m based on 25% increase or decrease).The effect of a 25% increase or decrease in the sterling value of the US dollar would be a fall of £158m and a rise of £152.1m in the value of shareholders' equity and on profit after tax at 31 January 2025 respectively (2024: a fall of £141.9m and a rise of £124.4m based on 25% movement). The percentages applied are based on market volatility in exchange rates observed in prior periods. (ii) Interest rate risk The Company's assets primarily comprise non-interest bearing investments in funds and non-interest bearing investments in portfolio companies. The fair values of these investments are not significantly directly affected by changes in interest rates. The Company's net debt balance is exposed to interest rate risk; the financial impact of this risk is currently immaterial. The Company is indirectly exposed to interest rate risk through the impact of interest rates on the performance of investments in funds and portfolio companies as a result of interest rate changes impacting the underlying manager valuation. This performance impact as a result of interest rate risk is recognised through the valuation of those investments, which will be affected by the impact of any change in interest rates on the financial performance of the underlying portfolio companies and also on any valuation of those investments for sale. The Company is not able to quantify how a change in interest rates would impact valuations. (iii) Price risk The risk that the value of a financial instrument will change as a result of changes to market prices is one that is fundamental to the Company's objective, which is to provide long-term capital growth through investment in unquoted companies. The investment Portfolio is continually monitored to ensure an appropriate balance of risk and reward in order to achieve the Company's objective. The Company is exposed to the risk of change in value of its private equity investments. For all investments the market variable is deemed to be the price itself. The table below shows the impact of a 30% increase or decrease in the valuation of the investment Portfolio. The percentages applied are reasonable based on the Manager's view of the potential for volatility in the Portfolio valuations under stressed conditions. 31 January 2025 31 January 2024 Increase in variable Decrease in variable Increase in variable Decrease in variable £'000 £'000 £'000 £'000 30% (2024: 30%) movement in the price of investments Impact on profit after tax 423,339 (370,568) 374,044 (320,217) A reasonably possible percentage change in relation to the earnings estimates or Enterprise Value/EBITDA multiples used by the underlying managers to value the private equity fund investments and co-investments may result in a significant change in the fair value of unquoted investments. NOTES TO THE FINANCIAL STATEMENTS CONTINUED Investment and credit risk (i) Investment risk Investment risk is the risk that the financial performance of the companies in which the Company invests either improves or deteriorates, thereby affecting the value of that investment. Investments in unquoted companies whether indirectly or directly are, by their nature, subject to potential investment losses. The investment Portfolio is highly diversified in order to mitigate this risk. (ii) Credit risk The Company's exposure to credit risk arises principally from its investment in cash deposits. The Company aims to invest the majority of its liquid portfolio in assets which have low credit risk. The Company's policy is to limit exposure to any one investment to 15% of gross assets. This is regularly monitored by the Manager as a part of its cash management process. Cash is held on deposit with Royal Bank of Scotland ('RBS') and totalled £3.9m (2024: RBS currently has a credit rating of A1 from Moody's. This represented the maximum exposure to credit risk at the balance sheet date. No collateral is held by the Company in respect of these amounts. None of the Company's cash deposits or money market fund balances were past due or impaired at 31 January 2025 (2024: nil) and as a result of this, no ECL provision has been recorded. Liquidity risk The Company makes commitments to private equity funds in advance of that capital being invested, typically in illiquid, unquoted companies. These commitments are in excess of the Company's total liquidity, therefore resulting in an overcommitment. When determining the appropriate level of overcommitment, the Board considers the rate at which commitments might be drawn down, typically over four to six years, versus the rate at which existing investments are sold and cash realised. The Company has an established liquidity management policy, which involves active monitoring and assessment of the Company's liquidity position and its overcommitment risk. This is regularly reviewed by the Board and incorporated into the Board's assessment of the viability of the Company. This process incorporates balance sheet and cash flow projections, including scenarios with varying levels of Portfolio gains and losses, fund drawdowns and realisations, availability of the credit facility, exchange rates, and possible remedial action that the Company could undertake if required in the event of significant Portfolio declines. At the year end, the Company had cash and cash equivalents totalling £3.9m and had access to committed bank facilities of €300m maturing in May 2028, which is a multi-currency revolving credit facility provided by SMBC and Lloyds. The key terms of the facility are: Upfront cost: 120bps. Non-utilisation fees: 115bps per annum. Margin on drawn amounts: 300bps per annum. As at 31 January 2025 the Company's total financial liabilities amounted to £143.1m (2024: of payables which were due in less than one year, which includes accrued balances payable in respect of the credit facility above. Movement in financial liabilities arising from financing activities The following tables sets out the movements in total liabilities held at amortised cost arising from financing activities undertaken during the year. 2025 2024 £'000 £'000 At 1 February 2024 22,062 67,700 Proceeds from borrowings 139,762 128,109 Repayment of long term borrowings (27,831) (174,954) Change in capitalisation of bank facility fees 782 1,206 At 31 January 2025 134,775 22,061 NOTES TO THE FINANCIAL STATEMENTS CONTINUED Capital risk management The Company's capital is represented by its net assets, which are managed to achieve the Company's investment objective. As at the year end, the Company had net debt of £135.9m (2024: The Board can manage the capital structure directly since it has taken the powers, which it is seeking to renew, to issue and buy back shares and it also determines dividend payments. The Company is subject to externally imposed capital requirements with respect to the obligation and ability to pay dividends by Section 1159 of the Corporation Tax Act 2010 and by the Companies Act 2006, respectively. Total equity at 31 January 2025, the composition of which is shown on the balance sheet, was £1,332.4m (2024: Fair values estimation IFRS 13 requires disclosure of fair value measurements of financial instruments categorised according to the following fair value measurement hierarchy: Quoted prices (unadjusted) in active markets for identical assets or liabilities (Level 1). Inputs other than quoted prices included within level 1 that are observable for the asset or liability, either directly (that is, as prices) or indirectly (that is, derived from prices) (Level 2). Inputs for the asset or liability that are not based on observable market data (that is, unobservable inputs) (Level 3). The valuation techniques applied to level 3 assets are described in note 1(c) of the financial statements. No investments were categorised as level 1 or level 2. The Company's policy is to recognise transfers into and transfers out of fair value hierarchy levels at the end of the reporting year when they are deemed to occur. The sensitivity of the Company's investments to a change in value is discussed on page 51. The following table presents the assets that are measured at fair value at 31 January 2025 and 31 January 2024: 31 January 2025 Level 1 Level 2 Level 3 Total £'000 £'000 £'000 £'000 Investments held at fair value Unquoted investments – indirect - - 150,987 150,987 Unquoted investments – direct - - 154,242 154,242 Quoted investments – direct - - - - Subsidiary undertakings - - 1,164,320 1,164,320 Total investments held at fair value - - 1,469,549 1,469,549 31 January 2024 Level 1 Level 2 Level 3 Total £'000 £'000 £'000 £'000 Investments held at fair value Unquoted investments – indirect - - 136,473 136,473 Unquoted investments – direct - - 123,823 123,823 Quoted investments – direct - - - - Subsidiary undertakings - - 1,036,085 1,036,085 Total investments held at fair value - - 1,296,381 1,296,381 All unquoted and quoted investments are valued at fair value in accordance with IFRS 13. The Company has no quoted investments as at 31 January 2025; quoted investments held by subsidiary undertakings are reported within Level 3. Investments in Level 3 securities are in respect of private equity fund investments and co-investments. These are held at fair value and are calculated using valuations provided by the underlying manager of the investment, with adjustments made to the statements to take account of cash flow events occurring after the date of the manager's valuation, such as realisations or liquidity adjustments. The following tables present the changes in Level 3 instruments for the year to 31 January 2025 and 31 January 2024. 31 January 2025 Unquoted investments (indirect) at fair value through profit or loss £'000 Unquoted investments (direct) at fair value through profit or loss £'000 Subsidiary undertakings £'000 Total £'000 Opening balances 136,473 123,823 1,036,086 1,296,382 Additions 18,124 16,020 151,292 185,436 Disposals (16,076) (4,138) (125,769) (145,983) Gains and losses recognised in profit or loss 14,524 16,479 102,711 133,714 Closing balance 153,045 152,184 1,164,320 1,469,549 31 January 2024 Unquoted investments (indirect) at fair value through profit or loss £'000 Unquoted investments (direct) at fair value through profit or loss £'000 Subsidiary undertakings £'000 Total £'000 Opening balances 158,896 110,282 1,079,897 1,349,075 Additions 14,933 10,248 116,988 142,169 Disposals (37,167) (3,590) (195,300) (236,057) Gains and losses recognised in profit or loss (188) 6,883 34,500 41,194 Closing balance 136,474 123,823 1,036,085 1,296,381 18 RELATED PARTY TRANSACTIONS Significant transactions between the Company and its subsidiaries are shown below: NOTES TO THE FINANCIAL STATEMENTS CONTINUED Subsidiary Nature of transaction Year ended 31 January 2025 £'000 Year ended 31 January 2024 £'000 ICG Enterprise Trust Limited Partnership Increase in amounts owed to subsidiaries - - (Decrease) in amounts owed by subsidiaries (8,689) (102) Income allocated - - ICG Enterprise Trust (2) Limited Partnership Increase in amounts owed to subsidiaries (2,956) 11,420 (Decrease) in amounts owed by subsidiaries - - Income allocated (169) 151 ICG Enterprise Trust Co-investment LP Increase in amounts owed by subsidiaries 33,229 (10,416) Income allocated 2,127 6,681 ICG Enterprise Holdings LP Increase in amounts owed to subsidiaries - (45,725) Income allocated 4,224 6,819 ICG Morse Partnership LP Increase in amounts owed by subsidiaries - (14,513) Decrease in amounts owed to subsidiaries - - Income allocated - - ICG Lewis Partnership LP (Decrease) in amounts owed by subsidiaries 687 1,820 Increase in amounts owed by subsidiaries - - Income allocated - - ICG Enterprise Trust Limited Partnership transferred its remaining assets to ICG Enterprise Trust PLC during the year ended 31 January 2025. It will be dissolved during the year ended 31 January 2026 and will cease to be a subsidiary at that time. For the purpose of IAS 24 Related Party Disclosures, key management personnel comprised the Board of Directors. Remuneration in the year (audited) Fees Expenses Total Name 2025 £'000 2024 £'000 2025 £'000 2024 £'000 2025 £'000 2024 £'000 Jane Tufnell 74 71 - 74 71 Alastair Bruce 60 58 - - 60 58 David Warnock 59 46 - 59 46 Gerhard Fusenig 48 46 3 2 51 49 Adiba Ighodaro 48 46 - - 48 46 Janine Nicholls 48 46 - - 48 46 Total 337 313 3 2 340 316 Amounts owed by/to subsidiaries represent the Company's loan account balances with those entities, to which the Company's share of drawdowns and distributions in respect of those entities are credited and debited respectively. NOTES TO THE FINANCIAL STATEMENTS CONTINUED Amounts owed by subsidiaries Amounts owed to subsidiaries Subsidiary 31 January 2025 £'000 31 January 2024 £'000 31 January 2025 £'000 31 January 2024 £'000 ICG Enterprise Trust Limited Partnership - - (492) 8,197 ICG Enterprise Trust (2) Limited Partnership - - 31,372 34,328 ICG Enterprise Trust Co-Investment LP 273,555 240,326 - - ICG Enterprise Holdings LP - - - - ICG Morse Partnership LP - - - - ICG Lewis Partnership LP 8,569 7,881 - - The Company and its subsidiaries' total shares in funds and co-investments managed by the Company's Manager are: Year ended 31 January 2025 Year ended 31 January 2024 Fund/Co-investment Remaining commitment £'000 Fair value investment £'000 Remaining commitment £'000 Fair value investment £'000 ICG MXV Co-Investment 8,361 32,728 217 31,658 ICG Strategic Equity Fund III 10,727 31,043 10,942 39,374 ICG Europe VII 6,082 30,721 6,541 35,021 ICG Ludgate Hill (Feeder B) SCSp 13,591 23,814 13,860 24,366 ICG Europe VIII 14,339 23,640 25,901 10,746 ICG Augusta Partners Co-Investor 17,775 20,469 17,365 15,533 ICG Ludgate Hill (Feeder) III A Porsche SCSp 5,691 17,995 4,652 21,104 ICG Newton Co-Investment 393 17,808 393 17,909 ICG Progress Co-Investment 421 17,265 577 15,156 ICG Vanadium Co-Investment 246 16,180 251 14,209 ICG Ludgate Hill (Feeder) II Boston SCSp 5,392 16,030 5,267 14,721 ICG Match Co-Investment 132 15,253 129 15,403 ICG Colombe Co-investment 1,810 13,795 1,678 12,221 ICG Europe Mid-Market Fund 5,524 13,494 5,476 13,819 ICG LP Secondaries Fund I LP 41,146 12,175 34,811 21,980 ICG Cheetah Co-Investment 635 11,123 669 11,570 CX VIII Co-Investment 167 9,076 171 8,996 ICG Asia Pacific Fund III 2,523 8,706 2,634 8,436 ICG Dallas Co-Investment 1,240 8,172 1,280 8,245 ICG Strategic Equity V 36,868 7,101 19,704 895 ICG Strategic Equity IV 7,055 32,851 10,385 28,029 ICG Sunrise Co-Investment 75 5,840 76 5,402 ICG Crown Co-Investment 96 5,492 122 4,817 ICG Recovery Fund 2008 B1 846 4,954 862 4,545 ICG Strategic Secondaries Fund II 16,938 4,853 16,547 10,052 ICG Holiday Co-Investor I 286 3,748 285 2,655 ICG North American Private Debt Fund II 2,097 3,061 1,682 5,467 ICG Europe VI 4,013 2,814 4,311 5,719 ICG Holiday Co-Investor II 199 2,775 197 1,966 ICG Europe Mid-Market II 19,245 1,534 21,316 (263) ICG Europe V 545 757 555 808 ICG Cross Border 182 273 178 5,555 ICG Diocle Co-Investment 145 81 148 98 ICG Velocity Partners Co-Investor 650 18 635 - ICG European Fund 2006 B1 480 15 489 28 ICG Topvita Co-Investment 687 - 700 - ICG Trio Co-Investment 36 - 37 7,988 Ambassador Theatre Group - - - 14,177 Total 226,638 415,652 211,043 438,410 At the balance sheet date the Company has fully funded its share of capital calls due to ICG-managed funds in which it is invested. 19 Post balance sheet events On 2 April 2025, the Company announced the completion of a secondary sale of primary fund interests generating £62m net proceeds and releasing undrawn commitments of £10m. On 30 April 2025 the Company cancelled its Treasury shares (see note 14). 9,358,808 shares were cancelled. GLOSSARY Term Short form Definition Alternative Performance Measures APMs Alternative Performance Measures are a term defined by the European Securities and Markets Authority as“financial measures of historical or future performance, financial position, or cash flows, other than a financial measure defined or specified in the applicable financial reporting framework”. APMs are used in this report if considered by the Board and the Manager to be the most relevant basis for shareholders in assessing the overall performance of the Company and for comparing the performance of the Company to its peers, taking into account industry practice. Definitions and reconciliations to IFRS measures are provided in the main body of the report or in this Glossary, where appropriate. Buyback impact on NAV per Share Buyback impact on NAV per Share is calculated by comparing the NAV per Share with an adjusted NAV per Share as follows: Year ended 31 January 2025 Since inception (Oct. 22) Opening number of shares 67,190,867 68,523,055 A Number of shares bought back in period 2,912,675 4,244,863 Closing number of shares 64,278,192 64,278,192 B 31 January 2025 NAV £1,332m £1,332m C Add back cash invested in buybacks £36m £51m 31 January 2025 NAV + cash invested in buybacks £1,368m £1,383m D 31 January 2025 NAV per Share 2,072.9p 2,072.9p E (C/B) Pro forma NAV per share excluding buybacks 2,036.4p 2,018.8p F (D/A) Impact of buybacks 36.5p 54.1p G (E-F) NAV per Share accretion from buybacks 1.8% 2.7% G/F Note: scenario excluding buyback does not include any cash impact of dividends that would have been paid to holders of those shares had the buyback not been undertaken Carried Interest Carried interest is equivalent to a performance fee. This represents a share of the profits that will accrue to the underlying private equity managers, after achievement of an agreed Preferred Return. Cash drag Cash drag is the negative impact on performance arising as a result of the allocation of a portion of the entity's assets to cash. Co-investment Co-investment is a Direct Investment in a company alongside a private equity fund. Co-investment Incentive Scheme Accrual Co-investment Incentive Scheme Accrual represents the estimated value of interests in the Co-investment Incentive Scheme operated by the subsidiary partnerships of the Company. Commitment Commitment represents the amount of capital that each investor agrees to contribute to a fund or a specific investment. Compound Annual Growth Rate CAGR The rate of return that would be required for an investment to grow from its beginning balance to its ending balance, assuming the profits were reinvested at the end of each period of the investment's life span. Deployment Please see 'Total new investment'. Direct Investment An investment in a portfolio company held directly, not through a private equity fund. Direct Investments are typically co-investments with a private equity fund. Discount Discount arises when the Company's shares trade at a price below the Company's NAV per Share. In this circumstance, the price that an investor pays or receives for a share would be less than the value attributable to it by reference to the underlying assets. The Discount is the difference between the share price and the NAV, expressed as a percentage of the NAV. For example, if the NAV was 100p and the share price was 90p, the Discount would be 10%. Drawdowns Drawdowns are amounts invested by the Company when called by underlying managers in respect of an existing Commitment. EBITDA Stands for earnings before interest, tax, depreciation and amortisation, which is a widely used profitability measure in the private equity industry. Enlarged Perimeter The aggregate Portfolio value of the Top 30 Companies and as many of the managers from within the Top 30 funds as practicable. Enterprise Value EV Enterprise Value is the aggregate value of a company's entire issued share capital and Net Debt. Exclusion List The Exclusion List defines the business activities which are excluded from investment. FTSE All-Share Index Total Return The change in the level of the FTSE All-Share Index, assuming that dividends are re-invested on the day that they are paid. Full Exits Full Exits are exit events (e.g., trade sale, sale by public offering, or sale to a financial buyer) following which the residual exposure to an underlying company is zero or immaterial; this does not include Fund Disposals. See 'Fund Disposals'. Fund Disposals Fund Disposals are where the Company receives sales proceeds from the full or partial sale of a fund position within the secondary market. General Partner GP The General Partner is the entity managing a private equity fund. This is commonly referred to as the manager. Hedging Hedging is an investment technique designed to offset a potential loss on one investment by purchasing a second investment that is expected to perform in the opposite way. Initial Public Offering IPO An Initial Public Offering is an offering by a company of its share capital to the public with a view to seeking an admission of its shares to a recognised stock exchange. Internal Rate of Return IRR Internal Rate of Return is a measure of the rate of return received by an investor in a fund. It is calculated from cash drawn from and returned to the investor, together with the residual value of the investment. Investment Period Investment Period is the period in which funds are able to make new investments under the terms of their fund agreements, typically up to five years after the initial Commitment. Last Twelve Months LTM Last Twelve Months refers to the timeframe of the immediately preceding 12 months in reference to financial metrics used to evaluate the Company's performance. Limited Partner LP The Limited Partner is an institution or individual who commits capital to a private equity fund established as a Limited Partnership. These funds are generally protected from legal actions and any losses beyond the original investment. Limited Partnership A Limited Partnership includes one or more General Partners, who have responsibility for managing the business of the partnership and have unlimited liability, and one or more Limited Partners, who do not participate in the operation of the partnership and whose liability is ordinarily capped at their capital and loan contribution to the partnership. In typical fund structures, the General Partner receives a priority share ahead of distributions to Limited Partners. Net Asset Value per Share NAV per Share Net Asset Value per Share is the value of the Company's net assets attributable to one Ordinary share. It is calculated by dividing 'shareholders' funds' by the total number of ordinary shares in issue. Shareholders' funds are calculated by deducting current and long-term liabilities, and any provision for liabilities and charges, from the Company's total assets. Net Debt Net Debt is calculated as the total short-term and long-term debt in a business, less cash and cash equivalents. Ongoing charges Ongoing Charges are calculated in line with guidance issued by the Association of Investment Companies ('AIC') and capture management fees and expenses, excluding finance costs, incurred at the Company level only. The calculation does not include the expenses and management fees incurred by any underlying funds. 31 January 2025 Total per income statement £'000 Amount excluded from AIC Ongoing Charges £'000 Included Ongoing Charges £000 Management fees 16,175 - 16,175 General expenses 1,500 165 1,665 Finance costs 9,354 (9,354) - Total 27,029 (9,189) 17,840 Total Ongoing Charges 17,840 Average NAV 1,294,186 Ongoing Charges as % of NAV 1.38% 31 January 2024 Total per income statement £'000 Amount excluded from AIC Ongoing Charges £'000 Included Ongoing Charges £000 Management fees 16,148 - 16,148 General expenses 1,773 (209) 1,564 Finance costs 8,152 (8,152) - Total 26,073 (8,362) 17,712 Total Ongoing Charges 17,712 Average NAV 1,291,759 Ongoing Charges as % of NAV 1.37% Included within General expenses above are £(0.2)m (credit) (2024: of other expenses which are non-recurring and are excluded from the Ongoing Charges. Other Net Liabilities Other Net Liabilities at the aggregated Company level represent net other liabilities per the Company's balance sheet. Net other liabilities per the balance sheet of the subsidiaries include amounts payable under the Co-investment Incentive Scheme Accrual. Overcommitment Overcommitment refers to where private equity fund investors make Commitments exceeding the amount of liquidity immediately available for investment. When determining the appropriate level of Overcommitment, careful consideration needs to be given to the rate at which Commitments might be drawn down, and the rate at which realisations will generate cash from the existing Portfolio to fund new investment. Portfolio Portfolio represents the aggregate of the investment Portfolios of the Company and of its subsidiary Limited Partnerships. This APM is consistent with the commentary in previous annual and interim reports. The Board and the Manager consider that disclosing our Portfolio assists shareholders in understanding the value and performance of the underlying investments selected by the Manager. It is shown before the Co-investment Incentive Scheme Accrual to avoid being distorted by certain funds and Direct Investments on which ICG Enterprise Trust Plc does not incur these costs (for example, on funds managed by ICG plc). Portfolio is related to the NAV, which is the value attributed to our shareholders, and which also incorporates the Co-investment Incentive Scheme Accrual as well as the value of cash and debt retained on our balance sheet. The value of the Portfolio at 31 January 2025 is £1,523.1m (31 January 2024: 31 January 2025 £m IFRS Balance sheet fair value Net assets of subsidiary limited partnerships Co-investment Incentive Scheme Accrual Total Company and subsidiary Limited Partnership Investments 1 1,469.5 (0.3) 53.9 1,523.1 Cash 3.9 - - 3.9 Other Net Liabilities (141.0) 0.3 (53.9) (194.6) Net assets 1,332.4 - - 1,332.4 31 January 2024 £m IFRS Balance sheet fair value Balances receivable from subsidiary Limited Partnerships Co-investment Incentive Scheme Accrual Total Company and subsidiary Limited Partnership Investments 1 1,296.4 (1.9) 54.4 1,349.0 Cash 9.7 - - 9.7 Other Net Liabilities (22.9) 1.9 (54.4) (75.5) Net assets 1,283.2 - - 1,283.2 1 Investments as reported on the IFRS balance sheet at fair value comprise the total of assets held by the Company and the net asset value of the Company's investments in the subsidiary Limited Partnerships. Portfolio Return on a Local Currency Basis Portfolio Return on a Local Currency Basis represents the change in the valuation of the Company's Portfolio before the impact of currency movements and Co-investment Incentive Scheme Accrual. The Portfolio return of 10.2% is calculated as follows: £m 31 January 2025 31 January 2024 Income, gains and losses on Investments 142.0 125.3 Foreign exchange gains and losses included in gains and losses on investments 5.4 (38.6) Incentive accrual valuation movement (9.3) (3.7) Total gains on Portfolio investments excluding impact of foreign exchange 138.1 83.1 Opening Portfolio valuation 1,349.0 1,406.4 Portfolio Return on a Local Currency Basis 10.2% 5.9% Term Short form Definition Portfolio Company Portfolio Company refers to an individual company in an investment portfolio. Primary A Primary Investment is a Commitment to a private equity fund. Quoted Company A Quoted Company is any company whose shares are listed or traded on a recognised stock exchange. Realisation Proceeds Realisation Proceeds are amounts received in respect of underlying realisation activity from the Portfolio and exclude any inflows from the sale of fund positions via the secondary market. Realisations - Multiple to Cost Realisations - Multiple to Cost is the average return from Full Exits from the Portfolio in the period on a primary investment basis, weighted by cost. £m 31 January 2025 31 January 2024 Realisation Proceeds from Full Exits in the year-to-date 73.7 100.8 Cost 35.9 28.8 Average return Multiple to Cost 2.9x 3.5x Realisations – Uplift To Carrying Value Realisations – Uplift To Carrying Value is the aggregate uplift on Full exits from the Portfolio in the period excluding publicly listed companies that were exited via sell downs of their shares. £m 31 January 2025 31 January 2024 Realisation Proceeds from Full Exits in the year-to-date 73.7 100.8 Prior Carrying Value (at previous quarterly valuation prior to exit) 62.0 89.2 Realisations – Uplift To Carrying Value 19.0% 29.5% Secondary Investments Secondary Investments occur when existing private equity fund interests and Commitments are purchased from an investor seeking liquidity. Share Price Total Return Share Price Total Return is the change in the Company's share price, assuming that dividends are re-invested on the day that they are paid. Total New Investment Total New Investment is the total of direct Co-investment and fund investment Drawdowns in respect of the Portfolio. In accordance with IFRS 10, the Company's subsidiaries are deemed to be investment entities and are included in subsidiary investments within the financial statements. Movements in the cash flow statement within the financial statements reconcile to the movement in the Portfolio as follows: £m 31 January 2025 31 January 2024 Purchase of Portfolio investments per cash flow statement 34.1 25.2 Purchase of Portfolio investments within subsidiary investments 152.2 111.6 Return of cost/expenses (4.9) 0.0 Total New Investment 181.4 136.7 Term Short form Definition Total Proceeds Total Proceeds are amounts received by the Company in respect of the Portfolio, which may be in the form of capital proceeds or income such as interest or dividends. In accordance with IFRS 10, the Company's subsidiaries are deemed to be investment entities and are included in subsidiary investments within the financial statements. £m 31 January 2025 31 January 2024 Sale of Portfolio investments per cash flow statement 20.0 40.6 Sale of Portfolio investments, interest received, and dividends received within subsidiary investments 125.8 195.3 Interest income per cash flow statement 0.5 1.7 Dividend income per cash flow statement 0.5 0.8 Other income per cash flow statement 0.1 - Return of invested cost 4.0 0.0 Total Proceeds 150.8 238.6 Fund Disposals - (67.6) Realisation Proceeds 150.8 171.0 Total Return The change in the Company's Net Asset Value per Share, assuming that dividends are re-invested at the end of the quarter in which the dividend was paid. Undrawn Commitments Undrawn Commitments are Commitments that have not yet been drawn down (please see 'Drawdowns'). Unquoted Company An Unquoted Company is any company whose shares are not listed or traded on a recognised stock exchange. Valuation Date The date of the valuation report issued by the underlying manager. MENAFN08052025004107003653ID1109521897 Legal Disclaimer: MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.",
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        • "el salvador",
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      • "title": "SATO Corporation Interim Report 1 January – 31 March 2025: Tight Competition Continues – The Rental Market Remains Oversupplied",
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      • "description": "(MENAFN - GlobeNewsWire - Nasdaq) SATO Corporation, Interim Report 8 May 2025 at 9:00 am This is a summary of SATO's interim report for January–March, which has been published in full as an appendix ...",
      • "content": "( MENAFN - GlobeNewsWire - Nasdaq) SATO Corporation, Interim Report 8 May 2025 at 9:00 am This is a summary of SATO's interim report for January–March, which has been published in full as an appendix to the release and at The figures in the report are unaudited. Summary for 1 Jan – 31 Mar 2025 ( 1 Jan – 31 Mar 2024 ) The economic occupancy rate was 95.0% (94.9). Net sales totalled EUR 77.2 million (74.7). Net rental income was EUR 46.8 million (43.7). Profit before taxes was EUR 18.3 million (19.6). The unrealised change in the fair value of investment properties included in the result was EUR 1.4 million (1.7). Housing investments amounted to EUR 3.9 million (12.8). Invested capital at the end of the review period was EUR 4,687.6 million (4,807.5). Return on invested capital was 3.3% (3.0). Equity was EUR 2,615.1 million (2,538.7) or EUR 30.81 per share (29.91). Earnings per share were EUR 0.17 (0.23). 0 rental apartments (92) were completed. The renovation of 0 apartments (56) was completed. 0 rental apartments (257) were under construction. The supply of rental homes remains high in relation to demand – competition in the market remains intense. President and CEO Antti Aarnio: Inflation remained low in Finland during the period under review, but consumer confidence is still weak and expectations for personal finances and growth of the Finnish economy are subdued. Market uncertainty was exacerbated by the tariffs announced by the United States. The number of new rental homes constructed is now likely to have bottomed out, but recovery remains slow due to the persistent oversupply of rental homes. SATO's economic occupancy rate improved slightly year on year during the period under review and was 95.0% (94.9). Owing to the intense competitive situation, it has not been possible to transfer the higher maintenance costs seen in recent years fully into residential rents. February saw the successful launch of the SATO webshop for rental homes in response to growing customer demand and the market change. We are gradually stepping up our offering of homes rented through a self-service system. We continued to invest in locally produced renewable energy: we make use of solar power and geothermal energy at our properties. Energy efficiency is also improved through repairs based on lifecycle principles. We signed a EUR 150 million sustainability-linked loan facility with SMBC Bank EU AG. The facility is unsecured and has a tenor of three years with two one-year extension options. SATO was ranked third in Finland's Best Workplaces 2025 listing published by Great Place to Work Finland. Moving up from the year before is proof of our success in developing SATO's company culture and employee experience. It is SATO's 85th anniversary this year. We are celebrating our long history together with our stakeholders. I would like to thank everyone at SATO for persistence in a challenging market situation and our partners and residents for excellent cooperation. Key figures 1–3/2025 1–3/2024 1–12/2024 Net sales, EUR million 77.2 74.7 304.1 Number of rental apartments, pcs 25,848 25,560 25,849 Investment property, EUR million 4,973.9 4,914.5 4,971.4 Housing investments, EUR million 3.9 12.8 48.6 Under construction, pcs 0 257 0 Average rent at the end of the review period, €/m 2 /month 18.53 18.21 18.40 Cash earnings (CE), EUR million 22.8 25.5 88.2 Shareholders' equity, EUR million 2,615.1 2,538.7 2,599.8 Outlook According to the end-of-2024 forecast of the Bank of Finland, Finland is gradually moving out of recession. The start of economic recovery is, however, slow and affected by uncertainty over the global economic outlook. Inflation has remained low in Finland over the period under review due to factors including the fall of the average interest rate on housing loans and interest rates on consumer credits. Consumer confidence remained weak and expectations for personal finances as well as the Finnish economy had not improved and remained subdued. Intent to buy a home was at a level below normal. The economic uncertainty and the shadow cast over the economy by rapid trade and geopolitical changes are still slowing down recovery in construction. In addition, the number of unsold new homes is large. In the rental market, competition for good tenants continues and the imbalance between supply and demand does not currently enable any large-scale commencement of newbuild rental housing construction. Urbanisation and immigration are continuing, and dense urban housing is still becoming increasingly popular. VTT Technical Research Centre of Finland estimates that the housing production need for the next couple of decades is up to 35,000 new homes, whereas the figure in 2023 was historically low at around 21,000. A level of housing construction below the long-term need may lead to a switch from oversupply to a shortage of housing in growth centres. Economic growth, urbanisation and growing immigration need to be supported by rental homes close to good public transport connections and services. Sufficient housing production, which requires a steady increase in production volumes and contributions by all housing actors, must be ensured in Finland in the decades ahead. In line with its majority shareholder's operating model, SATO Corporation will not publish guidance on its 2025 earnings. The parent company of Balder Finska Otas AB is Fastighets AB Balder, which is quoted on the Stockholm Stock Exchange. For more information, please contact: CEO Antti Aarnio, tel. +358 20 134 4200, ... CFO Markku Honkasalo, tel. +358 20 134 4226, ... Enclosures Interim Report 1 January to 31 March 2025 Interim Report presentation 1 January to 31 March 2025 Distribution Euronext Dublin, main media, SATO Corporation SATO Corporation is an expert in sustainable rental housing and one of Finland's largest rental housing providers. SATO owns around 26,000 rental homes in the Helsinki Metropolitan Area, Tampere and Turku. SATO aims to provide excellent customer experience and a comprehensive range of urban rental housing alternatives with good access to public transport and services. We promote sustainable development and work in open interaction with our stakeholders. SATO invests profitably, sustainably and with a long-term view. We increase the value of our assets through investments, divestments and repairs. In 2025 SATO celebrates its 85 th anniversary. Attachments SATO Interim Report Q1_2025 SATO Interim report presentation Q1_2025 MENAFN08052025004107003653ID1109521899 Legal Disclaimer: MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.",
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      • "description": "(MENAFN - GlobeNewsWire - Nasdaq) With an 11.58% CAGR, the global medical billing industry is transforming healthcare finance through automation, cloud adoption, and outsourced revenue cycle ...",
      • "content": "( MENAFN - GlobeNewsWire - Nasdaq) With an 11.58% CAGR, the global medical billing industry is transforming healthcare finance through automation, cloud adoption, and outsourced revenue cycle management. Austin, May 08, 2025 (GLOBE NEWSWIRE) -- Medical Billing Market Size & Growth Analysis: According to SNS Insider, the global medical billing market was valued at USD 15.43 billion in 2023 and is projected to reach USD 41.32 billion by 2032, growing at a CAGR of 11.58% over the forecast period 2024–2032. The medical billing market is witnessing robust growth because of expanding healthcare expenditures, rising demand for electronic healthcare services, and the complexity of coding and billing systems. Trends in revenue cycle management (RCM) solutions and outsourcing are also fueling market growth. Technological innovation and regulatory compliance demands are prompting providers to implement effective billing systems, which are supporting steady growth in hospitals, clinics, and ambulatory surgical centers worldwide. Get a Sample Report of Medical Billing Market@ U.S. Medical Billing Market Trends The U.S. Medical Billing Market was estimated at USD 4.69 billion in 2023 and is expected to reach USD 12.47 billion by 2032, at a CAGR of 11.50% during the forecast period of 2024-2032. The U.S. dominates the North American medical billing market due to advanced healthcare system and high penetration of outsource billing services. The increasing administrative burden on care providers is also contributing the demand for efficient billing systems nationwide. Key Medical Billing Companies Profiled in the Report Kareo (EHR, Practice Management Software) Infinitercm (Revenue Cycle Management, Credentialing Services) Cerner (PowerChart, Millennium) eClinicalWorks (eClinicalWorks EHR, eClinicalWorks PM) R1 RCM (Revenue Cycle Management Services, Physician Advisory Services) CureMD (CureMD EHR, Practice Management) AdvancedMD (AdvancedMD EHR, Practice Management) PracticeSuite (PracticeSuite EHR, Medical Billing Software) BillingParadise (Medical Billing Services, Denial Management) GeBBS Healthcare Solutions (Revenue Cycle Management, Health Information Management) Tebra (Practice Operations Platform, Patient Experience Enhancements) Veradigm (Practice Management Solutions, EHR Technology) Hyland Software (OnBase, Alfresco) McKesson Corporation (Pharmaceutical Distribution, Health Information Technology) Abridge (AI-Powered Documentation Platform, Clinical Note Transcription) CodaMetrix (AI for Medical Coding, Revenue Cycle Automation) Cohere Health (Prior Authorization Automation, Care Coordination) Anysphere (AI Coding Assistant, Cursor) Attention (CRM Automation, Natural Language Processing Tools) Decagon (AI Support Agents, Customer Inquiry Management) Medical Billing Market Report Scope Report Attributes Details Market Size in 2023 US$ 15.43 billion Market Size by 2032 US$ 41.32 billion CAGR CAGR of 11.58% From 2024 to 2032 Base Year 2023 Forecast Period 2024-2032 Historical Data 2020-2022 Key Regional Coverage North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East]), Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America) Segmentation Insights By Component, Services Segment Dominates the Medical Billing Market In 2023, the services segment dominated the medical billing market by component because the trend of billing processes outsourcing to specialized third-party service providers continues to grow. Physicians, especially small- and medium-sized practices, do not have the experience and resources necessary to handle sophisticated billing and coding requirements in-house. Outsourcing services provide cost savings, decreased administrative burden, and better claims processing accuracy and reimbursement. Regulatory reforms and compliance have also made providers increasingly dependent on seasoned billing service companies, further enhancing the leadership of the segment. By Facility Size, Large-Sized Facilities Segment Dominates the Medical Billing Market In 2023, the large-sized facilities segment led the medical billing market with 46% market share because of their high patient volumes, sophisticated administrative structures, and higher financial capabilities. Large health systems and hospitals have strong billing systems to handle high volumes of claims and maintain regulatory compliance. Their capacity to invest in sophisticated revenue cycle management solutions and implement sophisticated billing software improves efficiency and minimizes errors. In addition, larger institutions will find it easier to implement full end-to-end bill services, further propelling their dominance in the market over smaller clinics and medium-sized health providers. By End User, Hospitals Segment Dominates the Medical Billing Market In 2023, the hospitals segment led the medical billing market with 45% market share because of its large number of admissions, varied services provided, and complexity of the billing process. Hospitals have large-scale billing functions in various departments, and to simplify the process, they require efficient revenue cycle management for timely reimbursement as well as compliance. Their requirement for integrated billing solutions to process insurance claims, patient data, and regulatory requirements is one of the drivers of increased adoption of complex billing systems. Apart from this, hospitals prefer to partner with veteran billing service providers to ease administrative burdens and improve financial results, and further solidify their market leadership. For A Detailed Briefing Session with Our Team of Analysts, Connect with Us Now@ Medical Billing Market Segmentation By Component Software Services Professional Services Managed Services By Facility Size Large-Sized Facilities Medium-Sized Facilities Small-Sized Facilities By End User Ambulatory Surgery Centers Hospitals Specialty Centers Orthopedic Centers Oncology Centers Cardiology Centers Radiology & Imaging Centers Other Specialty Centers Other End Users Regional Market Dynamics North America Dominates the Medical Billing Market, Asia Pacific Expected to Register Fastest Growth North America dominated the medical billing market in 2023 because the region has an advanced healthcare infrastructure, high penetration of electronic health records (EHRs), and strict regulatory environments that demand efficient billing mechanisms. The region is home to large industry players and high outsourcing of billing service providers, thereby adding to market share. Sophistication of U.S. healthcare reimbursement programs like Medicare and Medicaid also creates a demand for advanced billing solutions to process claims efficiently. Asia Pacific is expected to witness the fastest growth in the medical billing market due to increasing healthcare expenditure, increasing digitalization of healthcare systems, and providers' growing awareness of revenue cycle management. Emerging economies such as India and China are investing in healthcare IT infrastructure, which presents great opportunities to expand in the market. In addition, the growing amount of medical tourism and healthcare centers within the region is putting pressure on the necessity for effective and affordable billing services for the processing of higher numbers of patients. Buy a Single-User PDF of Medical Billing Market Analysis & Outlook Report 2024-2032@ Table of Contents – Major Key Points 1. Introduction 2. Executive Summary 3. Research Methodology 4. Market Dynamics Impact Analysis 5. Statistical Insights and Trends Reporting 5.1 Market Growth & Adoption Trends (2023-2032) 5.2 Claim Processing Trends (2023) 5.3 Billing Errors & Denial Rates (2023) 5.4 Technology & Automation Adoption (2023) 5.5 Revenue Distribution & Payer Mix (2023) 6. Competitive Landscape 7. Medical Billing Market by Component 8. Medical Billing Market by Facility Size 9. Medical Billing Market by End User 11. Regional Analysis 12. Company Profiles 13. Use Cases and Best Practices 14. Conclusion Related Reports Healthcare Revenue Cycle Management Market Report Electronic Health Records [EHR] Market Report Healthcare Analytics Market Report Practice Management System Market Report Medical Coding Market Report About Us: SNS Insider is one of the leading market research and consulting agencies that dominates the market research industry globally. Our company's aim is to give clients the knowledge they require in order to function in changing circumstances. In order to give you current, accurate market data, consumer insights, and opinions so that you can make decisions with confidence, we employ a variety of techniques, including surveys, video talks, and focus groups around the world. CONTACT: Contact Us:Jagney Dave - Vice President of Client EngagementPhone: +1-315 636 4242 (US) | +44- 20 3290 5010 (UK) MENAFN08052025004107003653ID1109521901 Legal Disclaimer: MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.",
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      • "description": "(MENAFN - GlobeNewsWire - Nasdaq) COPENHAGEN, Denmark – May 8, 2025. The global leader in biosolutions, Novonesis, had a strong start to its financial year with organic sales growth of 11% and an ...",
      • "content": "( MENAFN - GlobeNewsWire - Nasdaq) COPENHAGEN, Denmark – May 8, 2025. The global leader in biosolutions, Novonesis, had a strong start to its financial year with organic sales growth of 11% and an adjusted EBITDA margin of 38.3%. The company maintains the full-year outlook. The sales growth was broad-based across both regions and industries. Emerging markets grew by 15% organically, and developed markets increased by 9%. Across all sales areas, the company delivered double-digit growth in the quarter. Ester Baiget, President & CEO, says: “We started the year with strong sales growth and earnings. This is a testament to our innovative solutions, resilient global business model, and our ability to continue to meet the increasing demand for biosolutions in an ever-changing world.” “Emerging markets were a key growth driver, and all our four sales areas grew by double digits. We're pleased with our progress, and we maintain our full-year financial outlook.” “Overall, our Q1 performance underscores the value of our solutions in helping customers do more with less-enabling higher yields, improved throughput, enhanced performance, and greater benefits. And it shows that growth and planet stewardship can be two sides of the same coin.” During the first three months of the financial year, Novonesis launched six innovations including an advanced protease portfolio for swift and efficient stain removal. Divisional sales performance organic In the first three months of the financial year, Food & Health Biosolutions grew by 12%, while Planetary Health Biosolutions grew by 11%. In Food & Health Biosolutions, Food & Beverages grew by 11% with double-digit growth across most categories. In Human Health, organic sales growth was 13% driven by a strong development in Dietary Supplements. In Planetary Health Biosolutions, Household Care grew by 12%. The strong performance was driven by increased penetration and innovation. Agriculture, Energy & Tech grew by 10% driven by double-digit growth in Energy and Tech. Regional performance organic For the first quarter, emerging markets grew by 15% driven by all sales areas. Developed markets grew by 9%, driven by innovation. For Q1 2025, organic growth rates by geography were 14% in Europe, Middle East & Africa, 7% in North America, 9% in Asia Pacific, and 18% in Latin America. Outlook for 2025 The 2025 outlook is maintained at 5-8% organic sales growth (6-9% excluding the exit from certain countries) and an adjusted EBITDA margin between 37-38% despite current currency headwinds. The 2025 outlook is based on current levels of global trade tariffs. Our strong global setup, including flexible regional production capabilities, creates a diversified and resilient business. Additionally, we have confidence in passing on incremental cost driven by tariffs. As a result, we expect no or only marginal net impact from tariffs. Financial calendar 2025 / 2026 August 21, 2025: H1 2025 financial results November 6, 2025: Q3 2025 financial results February 25, 2026: Full-year financial statement 2025 Media Relations Investor Relations Anne Sophie Scavenius Senior Media Relations Manager Phone: +45 30 77 19 67 ... Tobias Cornelius Björklund Head of Investor Relations Phone: +45 30 77 86 82 ... Attachments Q1 2025_Press Release_final 23079 NVS Q1 2025 Fact sheet v11 Q1 2025_Case_final MENAFN08052025004107003653ID1109521893 Legal Disclaimer: MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.",
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      • "description": "(MENAFN - EIN Presswire)HVAC Insulation MarketThe United States HVAC insulation market is set to grow due to rising energy-efficient building projects and strict thermal performance regulations. ...",
      • "content": "( MENAFN - EIN Presswire) HVAC Insulation Market The United States HVAC insulation market is set to grow due to rising energy-efficient building projects and strict thermal performance regulations. The HVAC insulation market is driven by energy efficiency mandates and sustainable building trends, with advanced materials and smart solutions shaping future growth across all sectors.” - Nikhil KaitwadeNEWARK, DE, UNITED STATES, May 8, 2025 /EINPresswire / -- The global HVAC insulation market is projected to grow at a CAGR of 5.5%, reaching an estimated value of USD 9,755.5 million by 2035, up from USD 5,610.0 million in 2025. This growth is driven by increasing demand for energy-efficient solutions and the expanding adoption of HVAC systems in both residential and commercial sectors, as well as heightened focus on sustainability and reducing energy consumption. HVAC (Heating, Ventilation, and Air Conditioning) insulation plays a vital role in regulating indoor temperatures, minimizing energy loss, and enhancing overall system performance key elements that are driving a surge in demand across the globe. Unlock Growth Potential in Your Industry - Get Your Sample Report Now! Market Dynamics Driving Expansion The HVAC insulation market is being propelled by several key factors. One of the primary drivers is the global push for energy-efficient buildings. Governments across various regions are implementing stringent energy codes and regulations to minimize energy loss and enhance building performance. HVAC systems are among the largest energy consumers in buildings, and effective insulation plays a crucial role in reducing the energy required for heating and cooling. Urbanization and the development of smart cities have further accelerated the demand for modern HVAC systems, which in turn has boosted the need for advanced insulation materials. As new commercial buildings, data centers, and high-rise residential complexes emerge in urban settings, the integration of high-performance insulation is becoming a standard design feature. Product Innovations and Material Advancements Material innovation has played a significant role in shaping the HVAC insulation market. Traditional materials such as fiberglass and mineral wool continue to dominate due to their cost-effectiveness and thermal properties. However, newer solutions such as elastomeric foams, polyethylene foams, and aerogels are gaining traction. These advanced materials offer enhanced thermal resistance, moisture resistance, and fire retardancy, aligning with modern building standards. Manufacturers are investing in research and development to improve the durability, fire safety, and environmental impact of insulation products. The introduction of eco-friendly and recyclable insulation materials is in line with growing consumer and regulatory focus on sustainability. Additionally, advancements in installation techniques and pre-fabricated insulation systems are making HVAC insulation more accessible and efficient. Access the Complete Report for In-Depth Analysis! Regional Insights and Market Opportunities Geographically, the HVAC insulation market is witnessing strong growth in North America and Europe, driven by mature construction industries, strict energy-efficiency regulations, and environmental awareness. The U.S. market, in particular, is benefiting from energy codes such as ASHRAE standards and initiatives promoting green buildings. Asia-Pacific is emerging as a lucrative market, with rapid urbanization, industrialization, and infrastructure development fueling demand. Countries such as China, India, and Southeast Asian nations are investing heavily in commercial and residential construction, providing substantial opportunities for HVAC insulation providers. The Middle East and Africa are also showing promise due to the growing construction of energy-intensive buildings in hot climates, where thermal insulation is vital for indoor comfort. Leading Players in the HVAC Insulation Market .Owens Corning .Armacell International S.A. .Kingspan Group .Johns Manville (Berkshire Hathaway) .Saint-Gobain ISOVER .K-FLEX .NMC SA .Superlon Worldwide .Aeroflex USA .Zotefoams Plc A Comprehensive Overview of the General and Advanced Materials Market: Key Segments of HVAC Insulation Market By Material Type: .Phenolic foam .Elastomeric Foam .Stone wool .Glass wool .Others By Application: .Residential .Commercial .Industrial By Region: .North America .Latin America .Europe .South Asia Pacific .East Asia .Middle East Africa Have a Look at Related Research Reports of Chemicals & Materials OEM Insulation Market Growth: Industrial Pipe Insulation Market Share: Building Thermal Insulation Market Trends: Piezoelectric Ceramics Market Size: Microsphere Market Forecast: About Future Market Insights (FMI) Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries. Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise. Contact Us: Future Market Insights Inc. Christiana Corporate, 200 Continental Drive, Suite 401, Newark, Delaware - 19713, USA T: +1-347-918-3531 For Sales Enquiries: ... Website: Ankush Nikam Future Market Insights, Inc. +91 90966 84197 email us here Visit us on social media: LinkedIn Facebook YouTube X Legal Disclaimer: EIN Presswire provides this news content \"as is\" without warranty of any kind. We do not accept any responsibility or liabilityfor the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in thisarticle. If you have any complaints or copyright issues related to this article, kindly contact the author above. MENAFN08052025003118003196ID1109521888 Legal Disclaimer: MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.",
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      • "title": "Blufig Announces Strategic Partnership With Hubspot To Accelerate B2B Marketing Transformation",
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      • "description": "(MENAFN - ForPressRelease)Blufig, a strategy-led B2B marketing agency, announces a strategic partnership with HubSpot, a world leader in marketing automation and customer relationship management ...",
      • "content": "( MENAFN - ForPressRelease)Blufig, a strategy-led B2B marketing agency, announces a strategic partnership with HubSpot, a world leader in marketing automation and customer relationship management (CRM) software. With this strategic partnership, Blufig is a certified HubSpot Solution Partner, further deepening its service capabilities and unlocking new value for B2B organizations wanting to scale through connected, data-driven growth strategies. With this partnership, Blufig now provides solutions across the HubSpot ecosystem with special focus on: Marketing Hub - for campaign automation, lead nurturing, and one-on-one outreach Sales Hub - for efficient deal management, pipeline visibility, and revenue growth Content Management Hub - for responsive, SEO-optimized websites and content marketing initiatives Customer Service Hub - for ticketing, chat, and support automation to drive client satisfaction What this partnership means for customers \"As businesses increasingly adopt digital tools to streamline operations and boost engagement, the combination of Blufig's strategic marketing solutions with HubSpot's platform ensures clients get the best of both worlds-technology and execution, seamlessly integrated. This partnership reflects our commitment to driving scalable, measurable growth for our clients. With HubSpot's robust ecosystem and our B2B marketing capabilities, we're better equipped than ever to help businesses simplify complexity and grow smarter. Amit Thakkar, CEO & Founder By partnering with Blufig, customers receive more than software. They receive a strategic growth partner with HubSpot-certified professionals who customize the platform that aligns with business objectives, integrate with current systems, and offer ongoing optimization. 'We're excited to have Blufig join our Solutions Partner Program\" said Adarsh Noronha, Country Leader, HubSot India \"Their B2B expertise and outcome-driven methodology make them an excellent fit with our worldwide network. Together, we can help more businesses grow better.\" What Clients Can Expect Faster, more affordable HubSpot implementation with Blufig professionals Best of both worlds for B2B Marketing i.e. MarTech Platform + Digital Capabilities Rich experience in delivering results for B2B brands About Blufig Blufig is a B2B marketing agency focused on strategy-first solutions that blend storytelling, design, and technology. From brand positioning and content marketing to demand generation and digital transformation, Blufig helps businesses grow with purpose and performance. Visit: About HubSpot HubSpot is a leading customer platform that connects marketing, sales, content management, and customer service through a single CRM. With a global customer base, HubSpot empowers companies of all sizes to grow better. The partnership is now active and open to Blufig's current and prospective clients. More details, use cases, and service offerings will be shared via Blufig's website and upcoming communications. To learn more, visit: /hubspot-implementation-services/ Company :-Blufig User :- Diksha Mehra Email :...tal Phone :-08050543322 Url :- MENAFN08052025003198003206ID1109521871 Legal Disclaimer: MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.",
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      • "description": "(MENAFN - ForPressRelease)Global Manager Group a trusted provider of quality management documentation and certification solutions, has introduced its newly Re-launches Upgraded enhanced ISO 17034 ...",
      • "content": "( MENAFN - ForPressRelease)Global Manager Group a trusted provider of quality management documentation and certification solutions, has introduced its newly Re-launches Upgraded enhanced ISO 17034 Documentation Kit. Developed to support organizations seeking accreditation as reference material producers, this documentation package is a practical tool for implementing a compliant quality management system aligned with the ISO 17034:2016 standard. The ISO 17034 documents kit contains more than 115 editable MS Word files that cover the full spectrum of documentation required for accreditation. This includes a comprehensive ISO 17034 Manual that outlines quality policy, organizational structure, and system overviews. Additionally, the package includes 31 mandatory procedures that cover critical operational practices, 23 detailed work instructions, 04 informative exhibits, and over 55 standard forms and templates for recordkeeping and quality control. A key feature of this ISO 17034 Documentation kit is the ISO 17034 audit checklist, which contains over 250 clause-wise questions. This customizable checklist is a valuable resource for conducting internal audits and evaluating system readiness before official assessments. Written in simple and clear English, all templates are user-friendly and compatible with MS Word 2007 and later versions, making them accessible for a wide range of users. The ISO 17034 Accreditation Documentation kit offers significant advantages in terms of time and cost savings. By using pre-developed templates, reference material producers can quickly adapt the documentation to their unique operational requirements. This reduces the burden of starting from scratch and helps streamline the accreditation process. It is particularly useful for ISO 17034 consultants and quality managers looking for a structured, efficient approach to meeting compliance goals. The ISO 17034 Documentation kit not only meets the technical and management documentation needs for ISO 17034 accreditation but also promotes best practices in quality control and process standardization. It supports continuous improvement and efficient system implementation without excessive paperwork. For more information about the ISO 17034 Documentation Kit please visit Here: With its updated content and user-focused design, the ISO 17034 Documentation Kit from GlobalManagerGroup serves as an essential resource for any organization pursuing ISO 17034:2016 accreditation. About Globalmanagergroup Globalmanagergroup is a global leader in ISO documentation solutions, specializing in comprehensive toolkits for various ISO and other international standards. With a commitment to quality and customer satisfaction, the company provides customizable documentation kits, expert guidance, and training solutions to support organizations in achieving certification and improving their management systems. Global Manager Group has made a name for itself as the world's foremost management system consultant, with expertise in ISO 9001:2015, ISO 14001:2015, IFS food, ISO 22000, HACCP, and many other international standards. Global Manager Group has more than 3600 clients globally and is a reputable management and ISO certification consultant. For more information about the company, please visit Company :-Global Manager Group User :- John Mills Email :... Mobile:- 7929795322 Url :- MENAFN08052025003198003206ID1109521870 Legal Disclaimer: MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.",
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      • "title": "Interim Report, January - March, 2025: Sinch AB",
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      • "description": "(MENAFN - PR Newswire) Gross profit growth in all regions STOCKHOLM, May 8, 2025 /PRNewswire/ -- January–March 2025 Net sales increased by 4 percent to SEK 7,049m (6,792), corresponding ...",
      • "content": "( MENAFN - PR Newswire) Gross profit growth in all regions STOCKHOLM, May 8, 2025 /PRNewswire/ -- January–March 2025 Net sales increased by 4 percent to SEK 7,049m (6,792), corresponding to 3 percent organic growth. Gross profit increased by 4 percent to SEK 2,408m (2,312), corresponding to 2 percent organic growth. All regions and product categories reported organic gross profit growth. EBITDA decreased by SEK 4 percent to SEK 740 (768), corresponding to 7 percent organic decline. Adjusted EBITDA increased by 12 percent till SEK 889m (794), corresponding to 8 percent organic increase. The loss after tax for the quarter amounted to SEK -47m (-90). Cash flow from operations after investments was SEK -104m (424) and negatively affected by a temporary working capital increase. Free cash flow per share, rolling 12 months, was SEK 2.15 (1.80). Cash conversation rolling 12 months was 50 percent. Net debt in relation to rolling 12 months adjusted EBITDA was 1.4 (2.0). Significant events during the quarter IDC recognized Sinch as a leader in CPaaS. Sinch launched the RCS Business enablement service - a solution that helps operators launch and manage RCS for Business. Sinch expanded its partnership with Verizon to provide RCS for Business Messaging to Verizon customers. Sinch co-founder Robert Gerstmann was appointed acting CPO as Sean O'Neal left Sinch. Significant events after the end of the quarter Jonas Dahlberg joined Sinch as new CFO on April 1. Sinch published the 2024 Annual report. The board of directors has asked for authorization for up to 10 percent share buybacks from the general meeting. Sinch announced partnerships with OneReach. Omdia named Sinch a CPaaS leader. Invitation to webcast and phone conference Sinch will present the interim report in a webcast and phone conference on Thursday, May 8, 2025, at 2:00 PM CEST. Watch the presentation at href=\"\" rel=\"nofollow\" sinch/webcas . Follow the link below to register to participate via phone conference: . After you register, you will be given a phone number and conference ID to log into the conference. For additional information, please contact Ola Elmeland, Investor Relations +46 72 143 34 59 [email protected] Jonas Dahlberg, Chief Financial Officer +46 70 347 23 83 [email protected] About Sinch Sinch is pioneering the way the world communicates. More than 175,000 businesses – including many of the world's largest tech companies – rely on Sinch's Customer Communications Cloud to improve customer experience through mobile messaging, voice, and email. Sinch has been profitable and fast-growing since it was founded in 2008. It is headquartered in Stockholm, Sweden, with shares traded on NASDAQ Stockholm: XSTO:SINCH. XSTO:SINCH. Read more at sinch . Note: Sinch AB (publ) is required to publish the information in this report pursuant to the EU Market Abuse Regulation. The information was released for publication by the contact person above on May 8, 2025, at 7:30 AM CEST. This report is published in Swedish and English. In case of any differences between the English version and the Swedish original text, the Swedish version shall apply. The report has not been reviewed by the company's independent auditors. This information was brought to you by Cision ,c4147075 The following files are available for download: Sinch_2025Q1_ENG WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE?440k+ Newsrooms & Influencers9k+ Digital Media Outlets270k+ Journalists Opted InGET STARTED MENAFN08052025003732001241ID1109521828 Legal Disclaimer: MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.",
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      • "title": "JDE Peet’S On Track To Achieve 2025 Outlook With Solid Q1 Progress; Rob De Groot Proposed For Appointment To JDE Peet’S Board.",
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      • "description": "(MENAFN - GlobeNewsWire - Nasdaq) PRESS RELEASE Amsterdam, May 8, 2025 JDE Peet's (EURONEXT: JDEP), the world's leading pure-play coffee company, today provided an interim update on its year-to-date ...",
      • "content": "( MENAFN - GlobeNewsWire - Nasdaq) PRESS RELEASE Amsterdam, May 8, 2025 JDE Peet's (EURONEXT: JDEP), the world's leading pure-play coffee company, today provided an interim update on its year-to-date business and financial performance and proposes the appointment of Mr. Rob de Groot as non-executive member of the Board of the Directors. Strategic Review Update As part of its strategic efforts to optimise resource allocation and simplify operating models, JDE Peet's: divested its tea business in Turkey – which generated around EUR 60 million in annual sales with a negative contribution to adj. EBIT – to Efor Holding for an undisclosed amount, and has decided to discontinue the roll-out of its L'OR Barista machines in the U.S., and transfer the management of the L'OR capsules business in the U.S. to Peet's, to better capture the significant potential of the US coffee market. A range of additional strategic initiatives to drive growth, operational simplification and efficiency gains are progressing well. More details on the company's strategy, transformation and simplification initiatives, as well as other value creation opportunities, will be shared at the company's Capital Markets Day on July 1, 2025. Business Performance Update By the end of Q1 25, commercial agreements had been reached with the vast majority of customers worldwide. While volumes in Europe were materially impacted in January and February, the segment has witnessed a strong volume rebound since March, reflecting the strength of JDE Peet's brands. As green coffee prices are, on average, 28% higher in the first four months of 2025, compared to H2 24, the company is considering additional measures, including price increases. The company received the prestigious 2025 Catalyst Award, which recognises organisations that excel in advancing workplace inclusion and gender equity. New CFO, Yang Xu, will start on May 19, 2025. Financial Performance Update Overall financial performance in Q1 25 in line with company expectations. Disciplined pricing and cost control are sustaining gross profit and supporting adj. EBIT. Based on current information, the recently announced U.S. trade tariffs are not expected to materially impact financial performance. 28% of EUR 250 million 2025 share buyback completed as of May 2, 2025. On track to achieve 2025 outlook, as outlined in the FY 24 results announcement. Proposal to appoint non-executive member to JDE Peet's Board of Directors JDE Peet's Board of Directors (the Board) proposes the appointment of Mr. Rob de Groot as non-executive member of the Board, recognising his extensive international experience in the FMCG sector, including his instrumental role in transforming Reckitt Benckiser into a high-growth and innovative blue-chip company. Rob de Groot (1966), Dutch, previously held various leadership positions at Reckitt Benckiser Group plc for over 30 years, including President Hygiene and Home, Executive Vice President (EVP) Europe & North America, EVP North America & Australia/NZ and Global Category Officer Surface, Dish and Homecare. He is the co-founder and co-owner of NXT Equity Ltd., a company dedicated to building a portfolio of cause-driven, e-commerce-led FMCG start-ups. Rob is also the founder, co-owner and director of TOORG Holdco B.V., which currently owns 25.8% of the share capital of CRU Kafe, an early-stage Certified B Corporation focused on organic and fair-trade coffee sold in the United Kingdom. Rob's relationship with CRU Kafe enhances his perspective on market trends and consumer preferences, and reflects a genuine passion for the coffee industry and a depth of experience that will meaningfully contribute to the strategic direction of the Board. The appointment of Rob de Groot is subject to approval by the 2025 Annual General Meeting of Shareholders, which is scheduled to take place on June 19, 2025. Pending this approval, Rob has been appointed as a stand-in non-executive member of the Board. Market Abuse Regulation This press release contains information within the meaning of Article 7(1) of the EU Market Abuse Regulation. # # # Enquiries Media Khaled Rabbani +31 20 558 1735 ... Investors & Analysts Robin Jansen +31 6 1594 4569 ... About JDE Peet's JDE Peet's is the world's leading pure-play coffee and tea company, serving approximately 4,400 cups of coffee or tea per second. JDE Peet's unleashes the possibilities of coffee and tea in more than 100 markets, with a portfolio of over 50 brands including L'OR, Peet's, Jacobs, Senseo, Tassimo, Douwe Egberts, OldTown, Super, Pickwick and Moccona. In 2024, JDE Peet's generated total sales of EUR 8.8 billion and employed a global workforce of more than 21,000 employees. 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      • "description": "(MENAFN - GlobeNewsWire - Nasdaq) Mothercare plc Pre-close trading update Mothercare plc (\"Mothercare\" or \"the Company\"), the leading specialist global brand for parents and young children, ...",
      • "content": "( MENAFN - GlobeNewsWire - Nasdaq) Mothercare plc Pre-close trading update Mothercare plc (\"Mothercare\" or \"the Company\"), the leading specialist global brand for parents and young children, today issues a pre-close trading update for the 52 week period to 29 March 2025 (“FY25”). Comparatives are based on the 53 week period to 30 March 2024. This update is based upon draft figures pending finalisation of the year end audit. Highlights Unaudited worldwide retail sales by franchise partners of £231 million for the year, representing a decline of 18% on last year (14% down at constant currency on a 52 week period to March 2024), with the decline largely resulting from the unchanged trading conditions in our Middle Eastern markets. Adjusted EBITDA for FY25 at approximately £3.5 million, in line with market expectations. Net borrowings of £3.7 million at the year end (March 2024: £14.7 million) ), significantly reduced as a result of the recently announced India joint venture and refinancing. Pension scheme deficit remains at £35 million (March 2024: £35 million) on a technical provisions basis. EBITDA before adjusting items, for the financial year to 29 March 2025, is now expected to be approximately £3.5 million, compared to the £6.9 million adjusted EBITDA for the period to March 2024. This has been largely driven by the continuing impact of the uncertainty in the Middle East on our franchise partners' operations. Our franchise partner has reduced the store numbers of many of its brands and specifically for Mothercare our store numbers across the year have reduced by 47 to 77 stores at March 2025. Unaudited net worldwide retail sales by franchise partners were £231 million, compared to £281 million for the previous financial year. The majority of the reduction is the Middle East and to a lesser extent the UK as we are ending our exclusive distribution relationship with Boots at the end of 2025, as we believe there is a greater opportunity for the brand and a new partner in the UK. The underlying strength of the business is demonstrated by the fact that excluding the UK, on a like for like basis our total retail sales were positive for the full year to March 2025, despite the prevailing global economic uncertainties. As previously reported, in addition to the global economic uncertainties which are impacting our retail sales, in many of our territories our partners are still clearing inventory due to the suppressed demand during Covid-19. Whilst there are signs of this process concluding in some territories, we expect these factors will continue to impact the Group results in FY26. Pension Schemes The annual contributions agreed for the Staff Scheme in the year to March 2026 was £3 million, due in monthly payments. However, in order to support the Company's cash flows whilst it is exploring growth opportunities, the trustees have agreed to defer the first six months' payments with a revised schedule of contributions to be agreed by 30 September 2025. We have had the mutual benefit of a close and supportive relationship with the trustees over recent years and remain in regular and open contact with them. Financing At the year-end Mothercare had total cash of £4.4 million (March 2024: £5.0 million), against the £8.0 million (March 2024: £19.7 million) of the Group's revised loan facility, which remained fully drawn across the year. The present levels of retail sales, particularly in our Middle Eastern markets, highlighted above, means the Board's current forecasts for continuing operations show the Group requiring waivers to our covenant tests. We continue to have regular and positive discussions with our lender, who are aware of our forecasts. For the avoidance of doubt the Group does not require additional liquidity. Clive Whiley, Chairman of Mothercare, commented: “Our results for last year reflect the impact of the continuing uncertainty on our franchise partners' operations in the Middle East. However, the de-leveraged business resulting from the recent India joint venture and refinancing, together with the ongoing support of our lender and pension trustees, is enabling us to continue to explore the full bandwidth of growth opportunities through connections with other businesses, the development of our branded product ranges and licensing within and beyond our existing perimeters. Given the factors influencing some of the Company's operating markets, our immediate priority remains to support our franchise partners, ultimately for the benefit of our own business. In that context we remain in discussions with several parties to restore critical mass alongside delivering our remaining core objectives. The underlying business has continually proved its resilience and the strength of the brand is evident from the interest it generates and the resultant discussions with potential strategic partners we are having. I would like to thank all of our colleagues for their efforts in difficult circumstances and the board remains determined to optimise the brand IP for the benefit of all stakeholders.“ Investor and analyst enquiries to: Mothercare plc Email: ... Clive Whiley, Chairman Andrew Cook, Chief Financial Officer Deutsche Numis Tel: 020 7260 1000 (NOMAD & Joint Corporate Broker) Luke Bordewich Henry Slater Cavendish Capital Markets Limited Tel: 020 7220 0500 (Joint Corporate Broker) Carl Holmes Media enquiries to: MHP Email: ... Rachel Farrington Tel: 07801 894577 Tim Rowntree MENAFN08052025004107003653ID1109521823 Legal Disclaimer: MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.",
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      • "description": "(MENAFN - GlobeNewsWire - Nasdaq) The Interim Report for the 1st Quarter 2025 for A.P. M–ller - M–rsk A/S is hereby enclosed. CEO of A.P. M–ller - M–rsk A/S, Vincent Clerc, states: –We delivered ...",
      • "content": "( MENAFN - GlobeNewsWire - Nasdaq) The Interim Report for the 1 st Quarter 2025 for A.P. Møller - Mærsk A/S is hereby enclosed. CEO of A.P. Møller - Mærsk A/S, Vincent Clerc, states: “We delivered strong results compared to the same quarter last year, driven by momentum in our operational efficiency and a global economy in good shape for the first three months. With trade tensions flaring up and uncertainty on the rise, global supply chains are once again in the spotlight. We are happy to be able to put the full strength of our product offering at our customers' disposal. From the most reliable Ocean network to one of the best lead logistics and customs support teams, we are pulling every lever to help them make the best decisions for their business. At the same time, we are doubling down on the work underway on automation and cost management to remain fit for what lies ahead. These efforts give us the confidence to deliver a result in line with our guidance communicated in February.” Contact persons: Head of Investor Relations, Stefan Gruber, tel. +45 3363 3484 Head of Media Relations, Jesper Løv, tel. +45 6114 1521 Attachments APMM-2025-03-31-en APMM Q1 2025 Interim Report_pdf MENAFN08052025004107003653ID1109521824 Legal Disclaimer: MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.",
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      • "title": "Aegon Publishes Agenda For 2025 Annual General Meeting",
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      • "description": "(MENAFN - GlobeNewsWire - Nasdaq) The Hague, May 8, 2025 - Aegon has today published the agenda for its Annual General Meeting of Shareholders (AGM), scheduled for Thursday, June 12, 2025. The ...",
      • "content": "( MENAFN - GlobeNewsWire - Nasdaq) The Hague, May 8, 2025 - Aegon has today published the agenda for its Annual General Meeting of Shareholders (AGM), scheduled for Thursday, June 12, 2025. The related meeting materials, including the agenda, are now available on our website . At the AGM, the Board of Directors will present the 2024 Annual Accounts and propose a final dividend of EUR 0.19 per common share. This brings the total dividend for 2024 to EUR 0.35 per common share. The agenda further includes several proposals concerning the composition of Aegon Ltd.'s Board of Directors, as announced on March 31, 2025 . The AGM will take place in Bermuda, in a hybrid manner. Shareholders can attend in person and virtually. The meeting will provide opportunities to ask questions in person, via live chat or video connection. Those not attending in person or virtually, can vote in advance. Aegon's policy on hybrid shareholder meetings will apply. Full details on how to attend, participate, and vote are available here . Contacts Media relations Investor relations Veronique Lefel Yves Cormier +31(0) 61 567 6424 +31(0) 70 344 8028 ... ... About Aegon Aegon is an international financial services holding company. Aegon's ambition is to build leading businesses that offer their customers investment, protection, and retirement solutions. Aegon's portfolio of businesses includes fully owned businesses in the United States and United Kingdom, and a global asset manager. Aegon also creates value by combining its international expertise with strong local partners via insurance joint-ventures in Spain & Portugal, China, and Brazil, and via asset management partnerships in France and China. In addition, Aegon owns a Bermuda-based life insurer and generates value via a strategic shareholding in a market leading Dutch insurance and pensions company. Aegon's purpose of helping people live their best lives runs through all its activities. As a leading global investor and employer, Aegon seeks to have a positive impact by addressing critical environmental and societal issues, with a focus on climate change and inclusion & diversity. Aegon is headquartered in The Hague, the Netherlands, domiciled in Bermuda, and listed on Euronext Amsterdam and the New York Stock Exchange. More information can be found at aegon.com . Forward-looking statements The statements contained in this document that are not historical facts are forward-looking statements as defined in the US Private Securities Litigation Reform Act of 1995. The following are words that identify such forward-looking statements: aim, believe, estimate, target, intend, may, expect, anticipate, predict, project, counting on, plan, continue, want, forecast, goal, should, would, could, is confident, will, and similar expressions as they relate to Aegon. These statements may contain information about financial prospects, economic conditions and trends and involve risks and uncertainties. In addition, any statements that refer to sustainability, environmental and social targets, commitments, goals, efforts and expectations and other events or circumstances that are partially dependent on future events are forward-looking statements. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Aegon undertakes no obligation, and expressly disclaims any duty, to publicly update or revise any forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which merely reflect company expectations at the time of writing. Actual results may differ materially and adversely from expectations conveyed in forward-looking statements due to changes caused by various risks and uncertainties. Such risks and uncertainties include but are not limited to the following: Changes in general economic and/or governmental conditions, particularly in Bermuda, the United States, the United Kingdom and in relation to Aegon's shareholding in ASR Nederland N.V. and asset management business, the Netherlands; Civil unrest, (geo-) political tensions, military action or other instability in a countries or geographic regions that affect our operations or that affect global markets; Changes in the performance of financial markets, including emerging markets, such as with regard to: The frequency and severity of defaults by issuers in Aegon's fixed income investment portfolios; The effects of corporate bankruptcies and/or accounting restatements on the financial markets and the resulting decline in the value of equity and debt securities Aegon holds; The effects of declining creditworthiness of certain public sector securities and the resulting decline in the value of government exposure that Aegon holds; The impact from volatility in credit, equity, and interest rates; Changes in the performance of Aegon's investment portfolio and decline in ratings of Aegon's counterparties; The effect of tariffs and potential trade wars on trading markets and on economic growth, globally and in the markets where Aegon operates. Lowering of one or more of Aegon's debt ratings issued by recognized rating organizations and the adverse impact such action may have on Aegon's ability to raise capital and on its liquidity and financial condition; Lowering of one or more of insurer financial strength ratings of Aegon's insurance subsidiaries and the adverse impact such action may have on the written premium, policy retention, profitability and liquidity of its insurance subsidiaries; The effect of applicable Bermuda solvency requirements, the European Union's Solvency II requirements, and applicable equivalent solvency requirements and other regulations in other jurisdictions affecting the capital Aegon is required to maintain and our ability to pay dividends; Changes in the European Commissions' or European regulator's position on the equivalence of the supervisory regime for insurance and reinsurance undertakings in force in Bermuda; Changes affecting interest rate levels and low or rapidly changing interest rate levels; Changes affecting currency exchange rates, in particular the EUR/USD and EUR/GBP exchange rates; The effects of global inflation, or inflation in the markets where Aegon operates; Changes in the availability of, and costs associated with, liquidity sources such as bank and capital markets funding, as well as conditions in the credit markets in general such as changes in borrower and counterparty creditworthiness; Increasing levels of competition, particularly in the United States, the United Kingdom, emerging markets and in relation to Aegon's shareholding in ASR Nederland N.V. and asset management business, the Netherlands; Catastrophic events, either manmade or by nature, including by way of example acts of God, acts of terrorism, acts of war and pandemics, could result in material losses and significantly interrupt Aegon's business; The frequency and severity of insured loss events; Changes affecting longevity, mortality, morbidity, persistence and other factors that may impact the profitability of Aegon's insurance products and management of derivatives; Aegon's projected results are highly sensitive to complex mathematical models of financial markets, mortality, longevity, and other dynamic systems subject to shocks and unpredictable volatility. Should assumptions to these models later prove incorrect, or should errors in those models escape the controls in place to detect them, future performance will vary from projected results; Reinsurers to whom Aegon has ceded significant underwriting risks may fail to meet their obligations; Changes in customer behavior and public opinion in general related to, among other things, the type of products Aegon sells, including legal, regulatory or commercial necessity to meet changing customer expectations; Customer responsiveness to both new products and distribution channels; Third-party information used by us may prove to be inaccurate and change over time as methodologies and data availability and quality continue to evolve impacting our results and disclosures; As Aegon's operations support complex transactions and are highly dependent on the proper functioning of information technology, operational risks such as system disruptions or failures, security or data privacy breaches, cyberattacks, human error, failure to safeguard personally identifiable information, changes in operational practices or inadequate controls including with respect to third parties with which Aegon does business, may disrupt Aegon's business, damage its reputation and adversely affect its results of operations, financial condition and cash flows; Aegon's failure to swiftly, effectively, and securely adapt and integrate emerging technologies; The impact of acquisitions and divestitures, restructurings, product withdrawals and other unusual items, including Aegon's ability to complete, or obtain regulatory approval for, acquisitions and divestitures, integrate acquisitions, and realize anticipated results from such transactions, and its ability to separate businesses as part of divestitures; Aegon's failure to achieve anticipated levels of earnings or operational efficiencies, as well as other management initiatives related to cost savings, Cash Capital at Holding, gross financial leverage and free cash flow; Changes in the policies of central banks and/or governments; Litigation or regulatory action that could require Aegon to pay significant damages or change the way Aegon does business; Competitive, legal, regulatory, or tax changes that affect profitability, the distribution cost of or demand for Aegon's products; Consequences of an actual or potential break-up of the European Monetary Union in whole or in part, or further consequences of the exit of the United Kingdom from the European Union and potential consequences if other European Union countries leave the European Union; Changes in laws and regulations, or the interpretation thereof by regulators and courts, including as a result of comprehensive reform or shifts away from multilateral approaches to regulation of global or national operations, particularly regarding those laws and regulations related to ESG matters, those affecting Aegon's operations' ability to hire and retain key personnel, taxation of Aegon companies, the products Aegon sells, the attractiveness of certain products to its consumers and Aegon's intellectual property; Regulatory changes relating to the pensions, investment, insurance industries and enforcing adjustments in the jurisdictions in which Aegon operates; Standard setting initiatives of supranational standard setting bodies such as the Financial Stability Board and the International Association of Insurance Supervisors or changes to such standards that may have an impact on regional (such as EU), national (such as Bermuda) or US federal or state level financial regulation or the application thereof to Aegon; Changes in accounting regulations and policies or a change by Aegon in applying such regulations and policies, voluntarily or otherwise, which may affect Aegon's reported results, shareholders' equity or regulatory capital adequacy levels; The rapidly changing landscape for ESG responsibilities, leading to potential challenges by private parties and governmental authorities, and/or changes in ESG standards and requirements, including assumptions, methodology and materiality, or a change by Aegon in applying such standards and requirements, voluntarily or otherwise, may affect Aegon's ability to meet evolving standards and requirements, or Aegon's ability to meet its sustainability and ESG-related goals, or related public expectations, which may also negatively affect Aegon's reputation or the reputation of its board of directors or its management; Unexpected delays, difficulties, and expenses in executing against Aegon's environmental, climate, or other ESG targets, goals and commitments, and changes in laws or regulations affecting us, such as changes in data privacy, environmental, health and safety laws; and Reliance on third-party information in certain of Aegon's disclosures, which may change over time as methodologies and data availability and quality continue to evolve. These factors, as well as any inaccuracies in third-party information used by Aegon, including in estimates or assumptions, may cause results to differ materially and adversely from statements, estimates, and beliefs made by Aegon or third-parties. Moreover, Aegon's disclosures based on any standards may change due to revisions in framework requirements, availability of information, changes in its business or applicable governmental policies, or other factors, some of which may be beyond Aegon's control. Additionally, Aegon's discussion of various ESG and other sustainability issues in this document or in other locations, including on our corporate website, may be informed by the interests of various stakeholders, as well as various ESG standards, frameworks, and regulations (including for the measurement and assessment of underlying data). As such, our disclosures on such issues, including climate-related disclosures, may include information that is not necessarily \"material\" under US securities laws for SEC reporting purposes, even if we use words such as \"material\" or \"materiality\" in relation to those statements. ESG expectations continue to evolve, often quickly, including for matters outside of our control; our disclosures are inherently dependent on the methodology (including any related assumptions or estimates) and data used, and there can be no guarantee that such disclosures will necessarily reflect or be consistent with the preferred practices or interpretations of particular stakeholders, either currently or in future. Further details of potential risks and uncertainties affecting Aegon are described in its filings with the Netherlands Authority for the Financial Markets and the US Securities and Exchange Commission, including the 2024 Integrated Annual Report. These forward-looking statements speak only as of the date of this document. Except as required by any applicable law or regulation, Aegon expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in Aegon's expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based. Attachment 20250508_PR_Aegon publishes agenda for 2025 Annual General Meeting MENAFN08052025004107003653ID1109521817 Legal Disclaimer: MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.",
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      • "title": "VAALCO Energy, Inc. Declares Second Quarter 2025 Dividend",
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      • "description": "(MENAFN - GlobeNewsWire - Nasdaq) HOUSTON, May 08, 2025 (GLOBE NEWSWIRE) -- Vaalco Energy, Inc. (NYSE: EGY; LSE: EGY) (–Vaalco– or the–Company–) today announced that it declared its quarterly cash ...",
      • "content": "( MENAFN - GlobeNewsWire - Nasdaq) HOUSTON, May 08, 2025 (GLOBE NEWSWIRE) -- Vaalco Energy, Inc. (NYSE: EGY; LSE: EGY) (“Vaalco” or the“Company”) today announced that it declared its quarterly cash dividend of $0.0625 per share of common stock for the second quarter of 2025 ($0.25 annualized), which is payable on June 27, 2025, to stockholders of record at the close of business on May 23, 2025. Future declarations of quarterly dividends and the establishment of future record and payment dates are subject to approval by the Board of Directors. George Maxwell, Vaalco's Chief Executive Officer, commented,“We are pleased to announce our second quarter 2025 dividend, marking our 14th consecutive quarterly dividend. We have an active investment program underway and we are seeing volatility in commodity prices, but we remain committed to paying a sustainable, meaningful dividend to our shareholders.” About Vaalco Vaalco, founded in 1985 and incorporated under the laws of Delaware, is a Houston, Texas, USA based, independent energy company with a diverse portfolio of production, development and exploration assets across Gabon, Egypt, Cote d'Ivoire, Equatorial Guinea, Nigeria and Canada. For Further Information Vaalco Energy, Inc. (General and Investor Enquiries) +00 1 713 543 3422 Website: Al Petrie Advisors (US Investor Relations) +00 1 713 543 3422 Al Petrie / Chris Delange Buchanan (UK Financial PR) +44 (0) 207 466 5000 Ben Romney / Barry Archer ... Forward Looking Statements This press release includes“forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended, which are intended to be covered by the safe harbors created by those laws and other applicable laws and may also include“forward-looking information” within the meaning of applicable Canadian securities laws (collectively,“forward-looking statements”). Where a forward-looking statement expresses or implies an expectation or belief as to future events or results, such expectation or belief is expressed in good faith and believed to have a reasonable basis. All statements other than statements of historical fact may be forward-looking statements. The words“anticipate,”“believe,”“estimate,”“expect,”“intend,”“forecast,”“outlook,”“aim,”“target,”“will,”“could,”“should,”“may,”“likely,”“plan” and“probably” or similar words may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements in this press release include, but are not limited to, statements relating to expectations of future dividends to stockholders. Such forward-looking statements are subject to risks, uncertainties and other factors, which could cause actual results to differ materially from future results expressed, projected or implied by the forward-looking statements. These risks and uncertainties include, but are not limited to: risks relating to any unforeseen liabilities of Vaalco; the ability to generate cash flows that, along with cash on hand, will be sufficient to support operations and cash requirements; risks relating to the timing and costs of completion for scheduled maintenance of the Floating Production Storage and Offloading vessel servicing the Baobab field; and the risks described under the caption“Risk Factors” in Vaalco's 2024 Annual Report on Form 10-K filed with the SEC on March 17, 2025 and subsequent Quarterly Reports on Form 10-Q filed with the SEC. Dividends beyond the second quarter of 2025 have not yet been approved or declared by the Board of Directors. The declaration and payment of future dividends remain at the discretion of the Board of Directors and will be determined based on Vaalco's financial results, balance sheet strength, cash and liquidity requirements, future prospects, crude oil and natural gas prices, and other factors deemed relevant by the Board of Directors. The Board of Directors reserves all powers related to the declaration and payment of dividends. Consequently, in determining the dividend to be declared and paid on Vaalco's common stock, the Board of Directors may revise or terminate the payment level at any time without prior notice. Inside Information This announcement contains inside information as defined in Regulation (EU) No. 596/2014 on market abuse which is part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 (“MAR”) and is made in accordance with the Company's obligations under article 17 of MAR. The person responsible for arranging the release of this announcement on behalf of Vaalco is Matthew Powers, Corporate Secretary of Vaalco. MENAFN08052025004107003653ID1109521819 Legal Disclaimer: MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.",
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      • "description": "(MENAFN - GlobeNewsWire - Nasdaq) TRADING UPDATE Irish Continental Group plc (–ICG– or–the Group–) issues this trading update which covers carryings for the year to date to 3 May 2025 and ...",
      • "content": "( MENAFN - GlobeNewsWire - Nasdaq) TRADING UPDATE Irish Continental Group plc (“ICG” or“the Group”) issues this trading update which covers carryings for the year to date to 3 May 2025 and financial information for the first four months of 2025, i.e. 1 January to 30 April with comparisons against the corresponding period in 2024. All figures are unaudited. Volumes (Year to date, 3 May 2025) 2025 2024 Change vs 2024 Cars 140,800 151,500 (7.1%) RoRo Freight 259,400 260,900 (0.6%) Container Freight (teu) 132,800 103,300 +28.6% Terminal Lifts 123,500 112,500 +9.8% Volumes (Since last update, 1 March to 3 May 2025) 2025 2024 Change vs 2024 Cars 91,500 92,100 (0.7%) RoRo Freight 147,200 143,200 +2.8% Container Freight (teu) 69,000 55,700 +23.9% Terminal Lifts 66,200 60,400 +9.6% The introduction of tariffs by the US administration has created uncertainty for some trading flows and risks damaging consumer confidence which may lead to some companies deferring investment plans. All these factors may dampen world growth prospects. However, given the strength of our business model and our balance sheet, we continue to avail of macro market weakness to expand our footprint on financially attractive terms. Recent examples are the purchase of the James Joyce cruise ferry and the purchase of another container ship. Consolidated Group revenue in the period was €189.5 million (2024: €177.0 million), an increase of 7.1% compared with last year. For banking covenant purposes, pre-IFRS 16 net debt figures were €145.2 million compared to €56.6 million at 31 December 2024. On an IFRS basis to include lease obligations, net debt figures were €247.9 million compared to €162.2 million at 31 December 2024. The increase in net debt is due primarily to the vessel acquisitions outlined above and share buybacks during the period. Ferries Division Total revenues recorded in the period to 30 April amounted to €118.8 million (2024: €119.7 million) (including intra-division charter income), which was a 0.8% decrease on the prior year. For the year to 3 May, Irish Ferries carried 140,800 cars (2024: 151,500 cars), a decrease of 7.1% on the previous year. Freight carryings were 259,400 RoRo units (2024: 260,900 units), a decrease of 0.6% compared with 2024. The beginning of 2025 was impacted by the closure of Holyhead Port. This has had a detrimental impact on volumes in the Ferries Division. However, with the partial reopening of the Port in mid-January 2025 we have seen a more normalised market. We look forward to the full reopening of the Port on 1 July. Total revenues also include customer surcharges related to fuel movements and the cost of emission allowances under the EU Emission Trading System (ETS). Container and Terminal Division Total revenues recorded in the period to 30 April amounted to €80.9 million (2024: €68.8 million), a 17.6% increase on the prior year. For the year to 3 May, container freight volumes shipped were 132,800 teu (2024: 103,300 teu) an increase of 28.6% on the previous year. Volumes handled at our terminals in Dublin and Belfast totalled 123,500 units (2024: 112,500 units), an increase of 9.8% year on year. Total revenues include customer surcharges covering fuel movements, emission costs under ETS and the impact of changes in the costs of chartering container ships. About Irish Continental Group plc Irish Continental Group plc is the leading Irish-based maritime transport group. The Group's activities include the transport of passengers, cars and Roll on Roll off (RoRo) freight under the Irish Ferries brand, on routes between each of Ireland, Britain and Continental Europe. The Group also provides Container Lift on Lift off (LoLo) freight services on routes between Ireland and Continental Europe under the Eucon brand. Other activities include the operation of container terminals in the ports of Dublin and Belfast and ship chartering activities. For the year ended 31 December 2024, ICG reported revenue of €603.8 million and EBITDA of €133.5 million. Dublin. 8 May 2025 Enquiries Eamonn Rothwell, CEO +353 1 607 5628 ... David Ledwidge, CFO +353 1 607 5628 ... Q4 Public Relations +353 1 475 1444 ... MENAFN08052025004107003653ID1109521820 Legal Disclaimer: MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.",
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      • "title": "USA & Canada Secondhand Apparel Market Set To Reach USD 83.3 Billion By 2035, Growing At A 12.9% CAGR FMI",
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      • "description": "(MENAFN - EIN Presswire)Secondhand apparel market in USA & Canada set for rapid growth, driven by sustainability trends, digital platforms, and changing consumer preferences.NEWARK, DE, UNITED ...",
      • "content": "( MENAFN - EIN Presswire) Secondhand apparel market in USA & Canada set for rapid growth, driven by sustainability trends, digital platforms, and changing consumer preferences. NEWARK, DE, UNITED STATES, May 8, 2025 /EINPresswire / -- The secondhand apparel market in the United States and Canada is rapidly gaining momentum, and its impressive growth trajectory indicates a thriving future for this eco-conscious industry. The market, valued at USD 24.8 billion in 2025, is expected to expand at an extraordinary compound annual growth rate (CAGR) of 12.9%, reaching a remarkable USD 83.3 billion by 2035. This growth highlights the increasing consumer demand for sustainable fashion, alongside the rise of digital platforms and the normalization of secondhand shopping as a mainstream fashion choice. The secondhand apparel sector has emerged as a powerhouse within the broader retail landscape, reflecting significant shifts in consumer behavior, environmental concerns, and the growing demand for affordable and unique fashion items. As consumers place more emphasis on sustainability, resale platforms and thrift stores have quickly become go-to sources for pre-owned clothing in the USA and Canada, driving market growth. Discover Insights into the Market Request Your Sample Report! Sustainability Driving the Surge in Secondhand Apparel Sales A key driver behind the surge in the USA and Canada secondhand apparel market is the increasing focus on sustainability. With the global fashion industry being one of the largest contributors to environmental pollution, the shift toward secondhand apparel reflects a broader cultural movement toward reducing waste and embracing circular economy principles. Consumers are becoming more conscious of their environmental impact and are opting for secondhand options to reduce textile waste, promote reusability, and lessen the carbon footprint associated with the production of new garments. The Rise of Online Platforms and Digital Resale Markets The digital transformation of the secondhand apparel industry has proven to be a significant factor contributing to the market's projected growth. Online platforms and mobile apps have made it easier than ever for consumers to buy and sell used clothing, opening up the market to a wide range of demographics. The increased reliance on e-commerce for fashion shopping, coupled with the ability to easily find and purchase secondhand apparel online, has driven the overall market value. The role of social media and influencers has also amplified this digital movement, as these platforms offer a space for individuals to showcase pre-loved fashion and promote sustainability. Influencers and fashion bloggers are encouraging their audiences to embrace secondhand shopping as a fashionable and eco-friendly alternative to fast fashion. Uncover new possibilities-explore groundbreaking insights and opportunities with our Apparel & Fashion Sector Reports! Increasing Consumer Awareness and Changing Attitudes Toward Fashion Consumer attitudes towards secondhand fashion have undergone a radical shift in recent years. What was once considered \"uncool\" or \"taboo\" has now become a fashionable and desirable choice for many individuals, especially younger consumers. Millennials and Gen Z, in particular, are at the forefront of this transformation, prioritizing individuality, sustainability, and ethical purchasing practices. This demographic is driving a significant change in consumer behavior, favoring unique, one-of-a-kind items that secondhand apparel offers. As a result, the stigma surrounding secondhand clothing is rapidly diminishing, and it is now seen as a legitimate and often trendy alternative to buying new items. The growing influence of sustainability in fashion choices, coupled with the desire to find rare and vintage pieces, is further fueling the market's expansion. Challenges Faced by the USA & Canada Secondhand Apparel Market .Stigma Around Used Clothing: Despite shifting attitudes, some consumers still associate secondhand clothing with lower quality or hygiene concerns, especially in older demographics. .Inventory Quality and Consistency: Maintaining a consistent supply of high-quality secondhand apparel remains a challenge. Many platforms rely on user-contributed items, leading to variability in condition, style, and sizing. .Authentication and Trust Issues: For higher-end or branded secondhand apparel, verifying authenticity is critical. Lack of proper verification processes can undermine consumer trust. .Logistics and Fulfillment Complexities: Secondhand items often vary in size, shape, and packaging requirements, making fulfillment more complex than standardized new apparel logistics. .Fast Fashion Competition: Cheap fast fashion continues to attract consumers looking for low-cost options, making it harder for secondhand platforms to capture market share among price-sensitive shoppers. Key Market Players .Thredup Inc. .Poshmark .The RealReal .Depop .Goodwill Industries .Salvation Army .Tradesy .Vestiaire Collective .Grailed .Mercari .Buffalo Exchange .Crossroads Trading .ASOS Marketplace .Rebag Get Full Access of this Report: Key Segmentation By Product Type: By product type, the industry is segmented into dresses & tops, shirts & t-shirts, sweaters, coats & jackets, jeans & pants, and others. By Sector: By sector, the industry is divided into resale and traditional thrift stores. By Consumer Orientation: By consumer orientation, the industry is categorized into men, women, and kids. By Sales Channel: By sales channel, the industry is analyzed based on various sales channels, including direct sales, hypermarkets/supermarkets, thrift stores/resale stores, online retailers, and other sales channels like independent small stores. By Country: By country, the industry spans across the USA and Canada. Explore Related Research Report on Apparel & Fashion Industry Water Shoes Market Trends: Demand and Forecast Through 2035: Decorated Apparel Market Analysis: Insights on Growth, Emerging Trends, and Forecast Through 2035: Tactical Boots Market Analysis: Industry Growth, Trends, and Forecast Through 2035: Asia Pacific Hats Market Analysis: Size, Share, Growth Trends, and Forecast Through 2035: Vegan Clothing Market Analysis: Size, Share, Trends, and Forecast Through 2035: About Future Market Insights (FMI) Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer, Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries. Join us as we commemorate 10 years of delivering trusted market insights. Reflecting on a decade of achievements, we continue to lead with integrity, innovation, and expertise. Contact Us: Future Market Insights Inc. Christiana Corporate, 200 Continental Drive, Suite 401, Newark, Delaware - 19713, USA T: +1-347-918-3531 For Sales Enquiries: ... Website: LinkedIn| Twitter| Blogs | YouTube Ankush Nikam Future Market Insights, Inc. +91 90966 84197 email us here Visit us on social media: LinkedIn Facebook YouTube X Legal Disclaimer: EIN Presswire provides this news content \"as is\" without warranty of any kind. We do not accept any responsibility or liabilityfor the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in thisarticle. If you have any complaints or copyright issues related to this article, kindly contact the author above. MENAFN08052025003118003196ID1109521810 Legal Disclaimer: MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.",
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      • "title": "MARY CROSS RELEASES FIRST DANCE SINGLE 'STEPPIN' 2GETHER' A Worldwide Celebration Of Dance & Steppin' Unity",
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      • "description": "(MENAFN - EIN Presswire)Courtesy of Kat With The Hat PhotographySentimental Journey EP Cover - Mary Cross release April 4, 2025Mary Cross' Phyllis Hyman Musical Tribute to the Life and Legacy of ...",
      • "content": "( MENAFN - EIN Presswire) Courtesy of Kat With The Hat Photography Sentimental Journey EP Cover - Mary Cross release April 4, 2025 Mary Cross' Phyllis Hyman Musical Tribute to the Life and Legacy of Ms. Hyman with special tributes to Angie Stone, Gladys Knight and Roberta Flack Singer-songwriter, Arranger, Producer Mary Cross,“Mother of Cool Smoke,” proudly announces the release of her highly anticipated dance single Steppin' 2Gether! Dance is more than steps. Music is more than rhythm...together they create a heartbeat of Joy...may we forever keep Steppin' 2Gether towards a bright future of positive change and evolution!” - Mary CrossCAMDEN, NJ, UNITED STATES, May 8, 2025 /EINPresswire / -- Soulful songstress Mary Cross has joined forces with renowned New York-based producer and drummer Stix Bones (Bone Squad) to co-create her latest release,“Steppin' 2Gether Movement.” This vibrant new single ushers in an exciting chapter in Mary's musical journey-blending her signature contralto vocals with lush instrumentation and a feel-good groove that celebrates unity, movement, and joy. To commemorate the release, the official music video for“Steppin' 2Gether” will be filmed Sunday, June 8, 2025, at 4 PM ET at The Cartier Venue in Westville, NJ. The event will feature a LIVE performance by Mary Cross 2NspireU, featuring Stix Bones on drums for the LIVE performance of the single Steppin' 2Gether and special guest crooner Teddy DeWalt. Adding to the excitement, nationally recognized dance instructor Kenny J-recently featured on Good Morning America for Black History Month-has choreographed a signature \"Cross Steppin'\" line dance for the new single. Special tutorial videos were created to engage music lovers and line dance fans to participate and be part of the fun during the LIVE music video taping experience. All are encouraged to submit personal videos showing how they're“Steppin' 2Gether” to the new track. Limited edition“Steppin' 2Gether” t-shirts are also available, with a portion of proceeds benefiting NABFEME-a nonprofit organization supporting entrepreneurship among women in music. JOIN THE STEPPIN' 2GETHER MOVEMENT! To learn the newly created CROSS Steppin' Line Dance visit marycrossmusic or Mary Cross Music youtube channel. There is a solo tutorial with Kenny J and a few group dances whether a beginner or advanced! If you are ready to dance, order a t-shirt and get your ticket to the LIVE Music concert and Dance Event to set off the summer...by Steppin' 2Gether! Dress Down, Dress to Impress or Dress to Dance...but Come ready to have some FUN with this Trifecta Event for all ages and music lovers! SoulTracks World Premiere of the highly anticipated single“Steppin' 2Gether” debuted May 2, 2025. The track is available on all major music platforms. Two sought after entrepreneurs in the region are partnering with Mary to make this an event to remember: Grab your tickets before they're GONE! Dinner by Caterer: Details by Ms. Dawn | DJ TYC (Ty Chappell). So, Come EAT! DRINK! & SEE MARY!!! NEW MUSIC ALERT! “Sentimental Journey”- Mary's Jazz EP was released April 4, 2025. This compilation is a heartfelt collection of nostalgic compositions inspired by the Great American Songbook.“Sentimental Journey” is available on all music platforms. FALL, 2025: Back by Popular Demand! MARY CROSS' PHYLLIS HYMAN MUSICAL TRIBUTE RETURNS TO ATLANTIC CITY @ RESORTS HOTEL CASINO! For the second consecutive year, Mary is the recipient of the NJPAC Prudential North to Shore Festival Community Grant, awarded to independent local artists making cultural impact through self-driven, self-produced, creative arts projects in the community. In 2024, Mary's Phyllis Hyman Musical Tribute sold out a full month before the performance. This year, due to overwhelming demand, a second matinee show has been added. Mary's performances continue to be a masterclass in elegance, emotional authenticity, and the enduring beauty of Classic Soul. On Saturday, October 4, 2025 – NJPAC, Prudential & North to Shore present, once again, Mary Cross' Tribute to Phyllis Hyman at Resorts Casino Hotel, Atlantic City, NJ 3pm and 7pm. This tribute celebrates the life and Legacy of Phyllis Hyman and mini-tributes to fellow contraltos Angie Stone, Gladys Knight and Roberta Flack were added. Following years of consistently sold-out performances and the recent debut of her Jazz EP, Mary Cross continues to captivate audiences with her genuine, soul-stirring artistry. But Mary is more than meets the eye. She stands as a true beacon for independent artists-unwavering in her mission to redefine what it means to create and succeed in the music business...on your own terms. With steadfast determination and purpose, she shines a light on the beauty and power of self-driven INDEPENDENT artistry. Mary lives boldly by the phrase she penned, a personal anthem of resilience and authenticity: “No Agent. No Manager. No Sponsors. Pure Passion.” Some Other Things About Mary: Mary Cross is the Founder and CEO of 2NspireU, LLC, Mary Cross Music, and MCQ (Mary Cross Jazz Quintet & Quartets). A self-produced and self-managed singer-songwriter, arranger, and recording artist, Mary is celebrated for her rich, soulful contralto vocals that continue to captivate audiences worldwide. Her performances span a diverse range of genres, including Classic Soul, Jazz, Folk, Soft Rock, and R&B. A chanteuse at heart, she thrives in intimate settings yet is equally electrifying on grand stages. Her timeless style and emotional depth have made her a highly sought-after performer for community, corporate, private, and public events throughout the Delaware Valley and beyond. A proud Camden, NJ native, Mary Cross has a deep-rooted love for her community that shines through her lifelong advocacy. Offstage, she is a passionate champion for seniors, veterans, youth in the arts, foster care initiatives, and mental wellness. In 2024, Mary founded Muzikworks, Inc. a nonprofit dedicated to nurturing musical confidence, developing stage presence, and helping individuals of all ages discover their unique artistic voice. Explore more of Mary's music, mission, and movement at marycrossmusic. For the latest news, upcoming performances, appearances, and exclusive behind-the-scenes content follow Mary Cross Music on ALL media platforms. For more information, visit . Mary Cross 2NspireU, LLC +1 856-701-0204 ... Visit us on social media: LinkedIn Bluesky Instagram Facebook YouTube TikTok Other Steppin' 2Gether Lyric Video (The Cross Step Tutorial can be found on youtube's Mary Cross Music channel) Legal Disclaimer: EIN Presswire provides this news content \"as is\" without warranty of any kind. We do not accept any responsibility or liabilityfor the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in thisarticle. If you have any complaints or copyright issues related to this article, kindly contact the author above. MENAFN08052025003118003196ID1109521811 Legal Disclaimer: MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.",
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      • "title": "Truecaller AB: Strong Growth Of Recurring Revenues And Underlying Profit",
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      • "description": "(MENAFN - PR Newswire)STOCKHOLM, May 8, 2025 /PRNewswire/ -- Interim report January-March 2025 Truecaller, the leading global platform for verifying contacts and blocking unwanted ...",
      • "content": "( MENAFN - PR Newswire) STOCKHOLM, May 8, 2025 /PRNewswire/ -- Interim report January-March 2025 Truecaller, the leading global platform for verifying contacts and blocking unwanted communication, is proud to report an increase in net sales with 16% to SEK 496.9 million (427.2). All income streams contributed to the growth and the recurring revenues, consumer subscription and Truecaller for Business, had a combined rate of 49%. EBITDA excluding incentive costs increased with 22% and the EBITDA margin was 40.0% (38.0%). The strong share price development during the latest 6 months increased incentive costs to SEK 50 million (11) up from SEK 30 million in the fourth quarter. EBITDA including costs for incentive programs decreased with 1% and the margin was 30.0% (35.4%). During the quarter average number of monthly active users grew with 12 million and daily active users grew with 14 million. CEO Word: \"I'm happy to report that this is the third quarter in a row where we grew in multiple aspects of our business - active users, advertising revenues, Premium subscriptions and Truecaller for Business. On April 1st, we surpassed a considerable milestone; 450 million people across the world now use Truecaller. In Q1, we added 12 million additional users from Q4 '24 and 53 million users compared to Q1 last year. The average MAU for Q1 was 412 million (excludes iOS from this quarter onwards), 15% higher than the same period last year. Net sales increased 16% compared to Q1 last year, reaching almost half a billion SEK (497 m SEK vs. 427m SEK in Q1 last year). Advertising revenue continued to grow for the third quarter in a row, by 5% compared to the same quarter last year. Our strategy for Premium subscriptions and Truecaller For Business is panning out well, and these recurring revenue streams now account for almost one third of our revenues (32%) in Q1 2025, as opposed to a quarter of our revenues in Q1 2024. These recurring revenue streams grew at a combined rate of 49%. We continue to be focused on growth. While growth-related spends increased and we also had higher marketing spends for our iOS product launch, our EBITDA excluding incentive costs increased by 22% to 199 million SEK (162), which is an EBITDA margin excluding incentive costs of 40% (38%). EBITDA including incentive costs decreased marginally by 1 percent to 149 (151) million SEK, equivalent to a 30% (35%) margin. The recent strong share price development increased our accrued incentive costs substantially to 50 (11) million SEK during the quarter, up from 30 million SEK in the fourth quarter. Advertising revenue, our largest revenue stream, continued to grow, reaching 334 (318) million SEK, a growth rate of 5%. Our direct sales continue to be a focus for us and this stream grew on the back of the broader capabilities we have built over time. This also has a positive impact on the gross margin and our ambition is to further increase the share of direct sales. The Indian Premier League (IPL) cricket tournament (partly Q1 and partly Q2) had lower cricket related advertiser demand than last year. In the first quarter, it was about 9 million SEK lower than last year and is expected to be at similar levels in Q2. In terms of geographies, the Middle East and Africa (MEA) region continued to show good growth along with India, while other geographies showed lower revenues, partly due to the present international macro-economic uncertainties. Subscription revenue continued to show solid growth of 40% reaching 82 (58) million SEK in Q1. We continue to see strong growth across all regions, increased conversion rates, and a higher average revenue per subscriber. The number of subscribers is now approaching 2.8 million which is an increase of 25 percent compared to last year. In late January, we launched our new iOS product, which is primarily a Premium offering. As mentioned previously, the revenue and subscriber growth from this launch should be expected gradually from Q2 onwards. In April, we gradually started to see a promising growth trend of more paying subscribers on iOS, adding almost 55,000 subscribers which is equivalent to a 6% month-over-month growth since the end of March. The strongest growth is so far coming from markets outside of India. Revenue from Truecaller for Business grew by 60% to 79 (50) million SEK. Growth continues to be driven by strong performance for our entire product portfolio, our Customer Experience (CX) platform Verified Business, Business Messaging and our more recently launched risk products. We continue to see good customer intake as well as more of our existing customers upgrading to higher plans and utilizing more of our products. We are also starting to see growing traction in the Middle East and Africa. We continue to believe that we have only scratched the surface of the full potential of Truecaller in various business scenarios. So far the only material effect from the various geopolitical situations is limited to FX, but we remain watchful as these situations continue to develop. We're excited about our growth and our strategy for the years to come. We remain focused on solving mobile communication related problems for people globally. We have the people, the financial muscle, and the operational competence and we believe our strategy will continue to underpin good revenue growth for the foreseeable future, with continued strong profitability, says Rishit Jhunjhunwala CEO of Truecaller. January-March 2025 (Q1) Comparative figures refer to January-March 2024 Net sales increased by 16 percent to SEK 496.9m (427.2). EBITDA excluding the costs of incentive programs increased by 22 percent to SEK 198.6m (162.3), equivalent to an EBITDA margin of 40.0 (38.0) percent. EBITDA including the costs of incentive programs decreased by 1% to SEK 149.0m (151.0), corresponding to an EBITDA margin of 30.0 (35.4) percent. Profit after tax was to SEK 101.7m (133.0). Basic earnings per share was SEK 0.30 (0.38) and diluted earnings per share were SEK 0.30 (0.38). The average number of active non-iOS users (MAU) increased by 52.9 million to approximately 411.9 million (359.0). Net sales increased by 14 percent in India, by 29 percent in the Middle East and Africa and by 19 percent in the rest of the world. Presentation of the report Rishit Jhunjhunwala, CEO and Odd Bolin, CFO presents the report and answers questions in a webcast and conference call on the 8 th of May at 13.00 CEST. The presentation will be held in English. If you wish to participate via webcast please use the link below. If you wish to participate via teleconference please register on the link below. After registration you will be provided phone numbers and a conference ID to access the conference. You can ask questions verbally via the teleconference. For more information, please contact: Odd Bolin, CFO [email protected] Andreas Frid, Head of IR & Communication +46 705 29 08 00 [email protected] This information is information that Truecaller is obliged to make public pursuant to the EU Market Abuse Regulation 596/2014. The information was submitted for publication, through the agency of the contact persons set out above, at the time stated by the Company's news distributor, Cision, at the publication of this press release. About Truecaller: Truecaller (TRUE B) is the leading global platform for verifying contacts and blocking unwanted communication. We enable safe and relevant conversations between people and make it efficient for businesses to connect with consumers. Fraud and unwanted communication are endemic to digital economies. especially in emerging markets. We are on a mission to build trust in communication. Truecaller is an essential part of everyday communication for more than 450 million active users. Truecaller is listed on Nasdaq Stockholm since 8 October 2021. For more information. please visit href=\"\" rel=\"nofollow\" truecalle This information was brought to you by Cision ,c4147194 The following files are available for download: Read Truecaller2 interim report for January-March 2025 Financial development Truecaller Q1 2025 ,c3406975 Q1 Report 2025 eng SOURCE Truecaller AB WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE?440k+ Newsrooms & Influencers9k+ Digital Media Outlets270k+ Journalists Opted InGET STARTED MENAFN08052025003732001241ID1109521797 Legal Disclaimer: MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.",
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