NZ-AU: IREN Reports Full Year FY25 Results

August 29, 2025

Source: GlobeNewswire (MIL-NZ-AU)

Record Earnings and Profitability

Expansion to 10.9k GPUs & $200-250m AI Cloud Annualized Revenue by Dec 2025¹

GPU Financing & NVIDIA Preferred Partner Status Secured

New Liquid-Cooled GB300 NVL72 Deployments

NEW YORK, Aug. 28, 2025 (GLOBE NEWSWIRE) — IREN Limited (NASDAQ: IREN) (“IREN” or “the Company”) today reported its financial results for the full fiscal year ended June 30, 2025.

Highlights

Q4 FY25 revenue of $187.3m, net income of $176.9m, Adj. EBITDA of $121.9m², and EBITDA of $241.4m²
Approaching $1.25bn total annualized revenue with scope for further growth ahead³
- >$1bn annualized revenue from Bitcoin mining under current mining economics⁴
- $200-250m annualized revenue from AI Cloud at 10.9k NVIDIA GPUs by Dec 2025¹
Capacity to deploy >60,000 NVIDIA Blackwell GPUs across existing British Columbia data centers, and >19,000 GB300s at Horizon 1⁵
Secured a second round of GPU financing for 100% of hardware purchase price, with further financing workstreams underway
Secured NVIDIA Preferred Partner status

FY25 Financial & Operating Results

Record results:
- Total revenue increased to record $501.0 million (+168% vs. FY24 $187.2m)
- Net income increased to record $86.9m (FY24 net loss of $28.9m)
- Adj. EBITDA increased to record $269.7m (+395% vs. FY24 $54.4m)²
- EBITDA increased to record $278.2m (+1,344% vs. FY24 $19.3m)²
Operational execution:
- Contracted grid-connected power increased to 2,910MW (+35%)
- Operating data center capacity increased to 810MW (+212%)
- Bitcoin mining capacity increased to 50 EH/s (+400%)
- AI Cloud capacity increased to 1.9k NVIDIA GPUs (+132%)

Project Update

British Columbia (160MW)

Continued transition from ASICs for Bitcoin mining to GPUs for AI Cloud
Construction underway for new liquid-cooled data center at Prince George for NVIDIA GB300 NVL72 systems, with capacity to support >4.5k GB300 GPUs⁶
Back-up generators and UPS systems to be installed for all GPUs

Childress (750MW)

Horizon 1 (50MW IT Load) liquid-cooled AI data center on track for Q4 2025
Horizon 2 (50MW IT Load) liquid-cooled AI data center site works and procurement underway

Sweetwater Hub (2GW)

Sweetwater 1 (1,400MW) construction progressing to April 2026 energization target
Sweetwater 2 (600MW) energization targeting late 2027

Management Commentary

“FY25 was a breakout year financially and operationally, with record results that included strong net income and more than 10x EBITDA growth,” said Daniel Roberts, Co-Founder and Co-CEO of IREN.

“We expanded our contracted, grid-connected power to nearly 3GW, more than tripled operating data center capacity to 810MW, and completed our 50 EH/s expansion – all while laying the foundation for rapid growth in our AI Cloud business to more than 10,000 NVIDIA GPUs.

Looking ahead, our vertical integration uniquely positions us to deliver across the entire AI infrastructure stack – from powered shells to turnkey colocation to fully managed cloud services – and we are advancing a range of additional commercial opportunities while executing on near-term growth.”

FY25 Results Webcast & Conference Call

IREN will host its FY25 Result webcast and conference call at the following time:

Time & Date:	5:00 p.m. Eastern Time, Thursday, August 28, 2025
	Participant	Registration Link
	Live Webcast	Use this link
	Phone Dial-In with Live Q&A	Use this link

A replay of the webcast and the accompanying presentation will be accessible shortly after the event at https://iren.com/investors/events

About IREN

IREN is a leading developer, owner and operator of next-generation data centers powering the future of Bitcoin, AI and beyond utilizing 100% renewable energy including through the purchase of RECs. Strategically located in renewable-rich, fiber-connected regions across the U.S. and Canada, IREN’s large-scale, grid-connected facilities are purpose-built for the next generation of power-dense computing applications.

Power & Land Portfolio: 2,910MW of grid-connected power secured across >2,000 acres in the U.S. and Canada, with an additional multi-gigawatt development pipeline.
Next-Generation Data Centers: 810MW of operating data centers underpinning three verticals: Bitcoin Mining, AI Cloud Services and AI Data Centers.
Bitcoin Mining: one of the world’s largest and lowest-cost Bitcoin producers with 50 EH/s of installed self-mining capacity.
AI Cloud Services: delivering high performance cloud compute to AI customers with next-generation NVIDIA GPUs.
AI Data Centers: end-to-end design, construction and operation of data center infrastructure tailored for AI workloads.

Contacts

Media

Megan Boles
Aircover Communications
+1 562 537 7131
megan.boles@aircoverpr.com

Jon Snowball
Sodali & Co
+61 477 946 068
+61 423 136 761

Investors

Mike Power
IREN
mike.power@iren.com

To keep updated on IREN’s news releases and SEC filings, please subscribe to email alerts at https://iren.com/investor/ir-resources/email-alerts.

Assumptions and Notes

AI Cloud annualized revenue is presented as an illustrative measure of potential revenue based on a 10.9k GPU deployment. It is not fully contracted, there can be no assurance that it will be achieved, and actual revenue may differ materially. Assumes on time delivery and commissioning of GPUs.
EBITDA and Adjusted EBITDA are non-GAAP financial measures. Refer to page 11 for a reconciliation to the nearest comparable GAAP financial measure.
Total annualized revenue is presented as an illustrative measure of potential annualized AI Cloud revenue and Bitcoin mining as described in footnote 1 and 3.
Bitcoin Mining annualized revenue is presented as an illustrative measure of potential revenue of 50EH/s mining capacity based on the following assumptions: Bitcoin price of $115k, network hashrate of 928 EH/s, block reward of 3.125 Bitcoin and transaction fees of 0.1 Bitcoin per block. Source: CoinWarz Bitcoin Mining Calculator. Illustrative calculations and inputs assume hardware operates at 100% uptime.
Reflects internal estimate of capacity. >60,000 Blackwell GPUs based on available power capacity at British Columbia sites (160MW) and NVIDIA B200 reference architecture. >19,000 GB300s based on available power capacity at Horizon 1 (50MW IT load) and NVIDIA GB300 reference architecture.
Reflects internal estimate of capacity based on 10MW (IT load) power capacity at Prince George liquid-cooled data center.

Forward-Looking Statements

This press release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended (“Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (“Exchange Act, that involve substantial risks and uncertainties. Forward-looking statements include information concerning possible or assumed future results of operations, including descriptions of our business plan and strategies and trends we expect to affect our business. These statements often include words such as “anticipate,” “expect,” “suggests,” “plan,” “believe,” “intend,” “estimates,” “targets,” “projects,” “should,” “potential,” “could,” “would,” “may,” “will,” “forecast,” and other similar expressions Forward-looking statements may also be made, verbally or in writing, by members of our Board or management team. Such statements are subject to the same limitations, uncertainties, assumptions and disclaimers set out in this press release.

We base these forward-looking statements or projections on our current expectations, plans and assumptions that we have made in light of our experience in the industry, as well as our perceptions of historical trends, current conditions, expected future developments and other factors we believe are appropriate under the circumstances and at such time. The forward-looking statements are subject to and involve risks, uncertainties and assumptions and you should not place undue reliance on these forward-looking statements. Although we believe that these forward-looking statements are based on reasonable assumptions at the time they are made, you should be aware that many factors could affect our actual financial results or results of operations, and could cause actual results to differ materially from those expressed in the forward-looking statements. Factors that may materially affect such forward-looking statements include, but are not limited to: Bitcoin price and foreign currency exchange rate fluctuations; our ability to obtain additional capital on commercially reasonable terms and in a timely manner to meet our capital needs and facilitate our expansion plans; the terms of any future financing or any refinancing, restructuring or modification to the terms of any future financing, which could require us to comply with onerous covenants or restrictions, and our ability to service our debt obligations, any of which could restrict our business operations and adversely impact our financial condition, cash flows and results of operations; our ability to successfully execute on our growth strategies and operating plans, including our ability to continue to develop our existing data center sites, design and deploy direct-to-chip liquid cooling systems, and diversify and expand into the market for high-performance computing (“HPC”) solutions (including the market for AI Cloud Services and potential colocation services such as powered shell, build-to-suit and turnkey data centers (“Colocation Services”) (collectively “HPC and AI services”)); our limited experience with respect to new markets we have entered or may seek to enter, including the market for HPC and AI services); our ability to remain competitive in dynamic and rapidly evolving industries; expectations with respect to the ongoing profitability, viability, operability, security, popularity and public perceptions of the Bitcoin network; expectations with respect to the useful life and obsolescence of hardware (including hardware for Bitcoin mining and any current or future HPC and AI services we offer); delays, increases in costs or reductions in the supply of equipment used in our operations including as a result of tariffs and duties, and certain equipment being in high demand due to global supply chain constraints; expectations with respect to the profitability, viability, operability, security, popularity and public perceptions of any current and future HPC and AI services we offer; our ability to secure and retain customers on commercially reasonable terms or at all, particularly as it relates to our strategy to expand into markets for HPC and AI services; our ability to establish and maintain a customer base for our HPC and AI services business and customer concentration; our ability to manage counterparty risk (including credit risk) associated with any current or future customers, including customers of our HPC and AI services and other counterparties; the risk that any current or future customers, including customers of our HPC and AI services or other counterparties, may terminate, default on or underperform their contractual obligations; changing political and geopolitical conditions, including changing international trade policies and the implementation of wide-ranging, reciprocal and retaliatory tariffs, surtaxes and other similar import or export duties, or trade restrictions; Bitcoin global hashrate fluctuations; our ability to secure renewable energy, renewable energy certificates, power capacity, facilities and sites on commercially reasonable terms or at all; delays associated with, or failure to obtain or complete, permitting approvals, grid connections and other development activities customary for greenfield or brownfield infrastructure projects; our reliance on power and utilities providers, third party mining pools, exchanges, banks, insurance providers and our ability to maintain relationships with such parties; expectations regarding availability and pricing of electricity; our participation and ability to successfully participate in demand response products and services and other load management programs run, operated or offered by electricity network operators, regulators or electricity market operators; the availability, reliability and/or cost of electricity supply, hardware and electrical and data center infrastructure, including with respect to any electricity outages and any laws and regulations that may restrict the electricity supply available to us; any variance between the actual operating performance of our miner hardware achieved compared to the nameplate performance including hashrate; electricity market risks relating to changes in regulations and requirements of market operators and regulatory bodies, including with respect to grid stability, interconnection and curtailment obligations; our ability to curtail our electricity consumption and/or monetize electricity depending on market conditions, including changes in Bitcoin mining economics and prevailing electricity prices; actions undertaken by electricity network and market operators, regulators, governments or communities in the regions in which we operate; the availability, suitability, reliability and cost of internet connections at our facilities; our ability to secure additional hardware, including hardware for Bitcoin mining and any current or future HPC and AI services we offer, on commercially reasonable terms or at all, and any delays or reductions in the supply of such hardware or increases in the cost of procuring such hardware; our ability to operate in an evolving regulatory environment; our ability to successfully operate and maintain our property and infrastructure; reliability and performance of our infrastructure compared to expectations; malicious attacks on our property, infrastructure or IT systems; our ability to maintain in good standing the operating and other permits and licenses required for our operations and business; our ability to obtain, maintain, protect and enforce our intellectual property rights and confidential information; any intellectual property infringement and product liability claims; whether the secular trends we expect to drive growth in our business materialize to the degree we expect them to, or at all; any pending or future acquisitions, dispositions, joint ventures or other strategic transactions; the occurrence of any environmental, health and safety incidents at our sites, and any material costs relating to environmental, health and safety requirements or liabilities; damage to our property and infrastructure and the risk that any insurance we maintain may not fully cover all potential exposures; ongoing proceedings relating to the default under certain equipment financing facilities, ongoing securities litigation, and any future litigation, claims and/or regulatory investigations, and the costs, expenses, use of resources, diversion of management time and efforts, liability and damages that may result therefrom]; our failure to comply with any laws including the anti-corruption laws of the United States and various international jurisdictions; any failure of our compliance and risk management methods; any laws, regulations and ethical standards that may relate to our business, including those that relate to Bitcoin and the Bitcoin mining industry and those that relate to any other services we offer, including laws and regulations related to data privacy, cybersecurity and the storage, use or processing of information and consumer laws; our ability to attract, motivate and retain senior management and qualified employees; increased risks to our global operations including, but not limited to, political instability, acts of terrorism, theft and vandalism, cyberattacks and other cybersecurity incidents and unexpected regulatory and economic sanctions changes, among other things; climate change, severe weather conditions and natural and man-made disasters that may materially adversely affect our business, financial condition and results of operations; public health crises, including an outbreak of an infectious disease and any governmental or industry measures taken in response; damage to our brand and reputation; evolving stakeholder expectations and requirements relating to environmental, social or governance (“ESG”) issues or reporting, including actual or perceived failure to comply with such expectations and requirements; that we do not currently pay any cash dividends on our Ordinary shares, and may not in the foreseeable future and, accordingly, your ability to achieve a return on your investment in our Ordinary shares will depend on appreciation, if any, in the price of our Ordinary shares; and other important factors discussed under the caption “Risk Factors” in IREN’s annual report on Form 10-K filed with the SEC on August 28, 2024 as such factors may be updated from time to time in its other filings with the SEC, accessible on the SEC’s website at www.sec.gov and the Investor Relations section of IREN’s website at https:// investors.iren.com.

These and other important factors could cause actual results to differ materially by the forward-looking statements made in this press release. Any forward-looking statement that IREN makes in this press release speaks only as of the date of such statement. Except as required by law, IREN disclaims any obligation to update or revise, or to publicly announce any update or revision to, any of the forward-looking statements, whether as a result of new information, future events or otherwise.

Non-GAAP Financial Measures

This press release refers to certain measures that are not recognized under GAAP and do not have a standardized meaning prescribed by GAAP. IREN uses non-GAAP measures including “Net power price” , “EBITDA”, “Adjusted EBITDA,” “Adjusted EBITDA margin,” “Total net electricity costs”, “Net electricity costs – Bitcoin Mining” and “Net electricity costs per Bitcoin mined” (each as defined below) as additional information to complement GAAP measures by providing further understanding of the Company’s operations from management’s perspective.

EBITDA is defined as net income (loss), excluding finance expense, interest income, depreciation and amortization, and income tax (provision) benefit, which are important components of our net income (loss). Further, “Adjusted EBITDA” also excludes stock based compensation, foreign exchange gain (loss), impairment of assets, certain other non-recurring income, gain (loss) on disposal of property, plant and equipment, gain (loss) on disposal of subsidiaries, unrealized gain (loss) on financial instruments, gain on partial extinguishment of financial liabilities and certain other expense items. “Adjusted EBITDA margin” is defined as Adjusted EBITDA divided by revenue. “Total net electricity costs” is defined as the sum of electricity charges, demand response program income, demand response program fees, realized gain (loss) on financial asset excluding a one-off liquidation payment incurred in August 2024 resulting from the transition to spot pricing at the Childress site and the reversal of unrealized loss recorded on fixed price contracted amounts outstanding at June 30, 2024. “Net electricity costs per Bitcoin mined” is defined as Total net electricity costs less net electricity costs attributable to AI Cloud Services, divided by the total Bitcoin mined for the relevant fiscal period.

The reconciliations of these non-GAAP financial measures to the most directly comparable GAAP financial measures are shown in the Appendix hereto.


Consolidated Balance Sheet

US$m¹	As at 30 June 2025	As at 30 June 2024
Assets
Cash and cash equivalents	564.5	404.6
Accounts receivable, net	1.6	0.2
Deposits and prepaid expenses	45.9	11.9
Derivative assets	5.8	–
Financial assets	–	6.5
Income taxes receivable	2.6	–
Other receivables	20.8	29.2
Total current assets	641.2	452.4
Property, plant and equipment, net	1,930.6	441.4
Operating lease right-of-use asset, net	1.5	1.3
Deposits and prepaid expenses	32.9	257.3
Financial assets	211.6	–
Derivative assets	122.1	–
Other non-current assets	0.5	0.4
Total non-current assets	2,299.1	700.4
Total assets	2,940.3	1,152.8
Liabilities
Accounts payable and accrued expenses	144.1	45.5
Operating lease liability, current portion	0.4	0.3
Income taxes payable	–	1.4
Deferred revenue	0.9	2.6
Other liabilities, current portion	3.9	1.3
Total current liabilities	149.3	51.1
Operating lease liability, less current portion	1.1	1.0
Convertible notes payable	962.8	–
Deferred tax liabilities	8.0	3.1
Income taxes payable, less current portion	1.5	–
Other liabilities, less current portion	0.2	0.1
Total non-current liabilities	973.5	4.3
Total liabilities	1,122.8	55.3
Stockholders’ equity	1,817.5	1,097.5
Total stockholders’ equity	1,817.5	1,097.5

Total liabilities and stockholders’ equity	2,940.3	1,152.8

1) For further detail, see our consolidated financial statements for the year ended June 30, 2025, included in our Form 10-K filed with the SEC on August 28, 2025


Consolidated Statement of Operations

US$m¹	Year ended	Year ended
US$m¹	June 30, 2025	June 30, 2024
Revenue
Bitcoin Mining Revenue	484.6	184.1
AI Cloud Services Revenue	16.4	3.1
Total Revenue	501.0	187.2
Cost of revenue (exclusive of depreciation and amortization)
Bitcoin Mining	(157.7)	(86.7)
AI Cloud Services	(1.3)	(0.4)
Total cost of revenue	(159.0)	(87.1)
Operating (expenses) income
Selling, general and administrative expenses	(136.5)	(70.4)
Depreciation and amortization	(181.1)	(50.5)
Impairment of assets	(7.2)	–
Gain (loss) on disposal of property, plant and equipment	4.0	0.0
Other operating expenses	(13.3)	(8.1)
Other operating income	9.4	1.6
Total operating (expenses) income	(324.7)	(127.4)
Operating (loss) income	17.3	(27.2)
Other (expense) income:
Finance expense	(11.0)	(0.1)
Interest income	7.5	5.8
Increase (decrease) in fair value of assets held for sale	(2.2)	–
Realized gain (loss) on financial assets	(4.2)	4.1
Unrealized gain (loss) on financial instruments	77.5	(3.4)
Gain on partial extinguishment of financial liabilities	9.1	–
Foreign exchange gain (loss)	(1.3)	(4.7)
Other non-operating income	0.8	0.1
Total other (expense) income	76.2	1.8
Income (loss) before taxes	93.5	(25.5)
Income tax (provision) benefit	(6.6)	(3.5)
Net income (loss)	86.9	(28.9)

1) For further detail, see our consolidated financial statements for the year ended June 30, 2025, included in our Form 10-K filed with the SEC on August 28, 2025


US$m¹	Year ended	Quarter ended	Quarter ended	Quarter ended	Quarter ended
US$m¹	30-Jun-25	30-Jun-25	31-Mar-25	31-Dec-24	30-Sep-24
Revenue
Bitcoin Mining Revenue	484.6	180.3	141.2	113.5	49.6
AI Cloud Services Revenue	16.4	7.0	3.6	2.7	3.2
Total Revenue	501.0	187.3	144.8	116.1	52.8
Cost of revenue (exclusive of depreciation and amortization)
Bitcoin Mining	(157.7)	(52.4)	(41.6)	(32.0)	(31.6)
AI Cloud Services	(1.3)	(0.5)	(0.3)	(0.3)	(0.2)
Total cost of revenue	(159.0)	(52.9)	(42.0)	(32.3)	(31.9)
Operating (expenses) income
Selling, general and administrative expenses	(136.5)	(53.3)	(29.1)	(28.9)	(25.2)
Depreciation and amortization	(181.1)	(63.8)	(47.3)	(36.1)	(33.9)
Impairment of assets	(7.2)	2.4	(0.1)	–	(9.5)
Gain (loss) on disposal of property, plant and equipment	4.0	2.3	1.5	(0.7)	0.8
Other operating expenses	(13.3)	(3.0)	(1.9)	(4.0)	(4.4)
Other operating income	9.4	1.6	3.1	3.1	1.6
Total operating (expenses) income	(324.7)	(113.8)	(73.8)	(66.5)	(70.6)
Operating (loss) income	17.3	20.6	29.1	17.3	(49.7)
Other (expense) income:
Finance expense	(11.0)	(5.2)	(4.1)	(1.7)	0.0
Interest income	7.5	1.7	1.9	1.6	2.3
Increase (decrease) in fair value of assets held for sale	(2.2)	(2.7)	–	0.5	–
Realized gain (loss) on financial assets	(4.2)	–	–	–	(4.2)
Unrealized gain (loss) on financial instruments	77.5	147.7	(37.9)	(32.3)	–
Gain on partial extinguishment of financial liabilities	9.1	9.1	–	–	–
Foreign exchange gain (loss)	(1.3)	2.4	(0.3)	(4.6)	1.2
Other non-operating income	0.8	0.5	–	0.3	0.0
Total other (expense) income	76.2	153.5	(40.4)	(36.2)	(0.8)
Income (loss) before taxes	93.5	174.1	(11.3)	(18.9)	(50.4)
Income tax (provision) benefit	(6.6)	2.8	(5.0)	(3.0)	(1.3)
Net income (loss)	86.9	176.9	(16.3)	(21.9)	(51.7)

1) For further detail, see our consolidated financial statements for the year ended June 30, 2025, included in our Form 10-K filed with the SEC on August 28, 2025


Consolidated Statement of Cashflows

US$m	Year ended	Year ended
US$m	June 30, 2025	June 30, 2024
Operating activities
Net income (loss)	86.9	(28.9)
Adjustments to reconcile net income (loss) to net cash from (used in) operating activities:
Depreciation and amortization	181.1	50.5
Impairment of assets	7.2	–
Change in fair value of assets held for sale	2.2	–
Other non-operating income	–	(0.1)
Realized (gain) loss on financial asset	4.2	(4.1)
Unrealized (gain) loss on financial instrument	(77.5)	3.4
Other (income) expense	11.8	–
Other finance expense	0.6	–
(Gain) loss on disposal of property, plant and equipment	(4.0)	(0.0)
Foreign exchange loss (gain)	3.8	(3.5)
Gain on partial extinguishment of financial liabilities	(9.1)	–
Amortization of debt issuance costs	1.4	–
Stock-based compensation expense	42.6	23.6
Changes in assets and liabilities:
Accounts receivable and other receivables	(9.7)	(5.6)
Financial asset, current	6.5	–
Accounts payable and accrued expenses	16.7	10.1
Tax related receivables	(2.6)	–
Tax related liabilities	4.9	1.4
Other liabilities	2.7	0.4
Deferred revenue	(1.7)	2.6
Prepayments and deposits	(22.2)	2.9
Operating lease liabilities	(0.1)	(0.4)
Net cash from (used in) operating activities	245.9	52.2
Investing activities
Payments for property, plant and equipment net of hardware prepayments	(573.5)	(141.9)
Payments for computer hardware prepayments	(799.2)	(338.1)
Payments for prepayments and other assets	(19.5)	(18.6)
Proceeds from disposal of property, plant and equipment	11.2	0.0
Proceeds from release of deposits	0.5	–
Net cash from (used in) investing activities	(1,380.5)	(498.5)
Financing activities
Payment of offering costs for committed equity facility	–	(0.2)
Payment of offering costs for the issuance of Ordinary shares- at-the-market offering	(1.1)	(0.7)
Proceeds from loan funded shares	0.9	0.5
Proceeds from convertible notes	701.2	–
Payment of borrowing transaction costs	(8.1)	–
Proceeds from the committed equity facility	–	51.4
Proceeds from the issuance of Ordinary shares – at-the-market offering	601.8	731.7
Net cash from (used in) financing activities	1,294.7	782.6
Net increase (decrease) in cash and cash equivalents	160.1	336.4
Cash and cash equivalents at the beginning of the financial year	404.6	68.9
Effects of exchange rate changes on cash and cash equivalents	(0.2)	(0.7)
Cash and cash equivalents at the end of the financial year	564.5	404.6


Non-GAAP metric reconciliation

Adjusted EBITDA Reconciliation (USD$m)	Year ended June 30, 2025	Year ended June 30, 2024
Net income (loss)	86.9	(28.9)
Income tax provision (benefit)	6.6	3.5
Income (loss) before tax	93.5	(25.5)
Finance expense	11.0	0.1
Interest income	(7.5)	(5.8)
Depreciation and amortization	181.1	50.5
EBITDA	278.2	19.3

Reconciliation to consolidated statement of operations
Add/(deduct):
Unrealized (gain) loss on financial instruments	(77.5)	3.4
Stock-based payment expense – $75 exercise price options	11.8	11.8
Stock-based payment expense	30.8	11.8
Impairment of assets	7.2	–
(Gain) loss on disposal of property, plant and equipment	(4.0)	(0.0)
(Increase) decrease in fair value of assets held for sale	2.2	–
Gain on partial extinguishment of financial liabilities	(9.1)	–
Foreign exchange (gain) loss	1.3	4.7
Other one-off income¹	(1.7)	(0.1)
Other one-off expense items²	30.4	3.5
Adjusted EBITDA	269.7	54.4
Adjusted EBITDA Margin³	54%	29%

Other one-off income for FY25 include insurance proceeds relating to the theft of mining hardware in transit and for FY24 include a gain on recovery of a connection deposit
Other one-off expense items for FY25 includes a one-time liquidation payment incurred in August 2024 resulting from the transition to spot pricing at the Group’s site at Childress, the reversal of the unrealized loss recorded on fixed price contracted amounts outstanding at June 30, 2024, a litigation related settlement provision, loss on mining hardware in transit, transaction costs incurred in December 2024 and June 2025 on entering the Capped Call Transactions in conjunction with the issuance of the 2030 Convertible Notes and 2029 Convertible Notes, one-off professional fees incurred in relation to litigation matters and the securities class action. Other one-off expenses for FY24 include professional fees incurred in relation to the securities class action and one-off additional remuneration
Adjusted EBITDA Margin is calculated as Adjusted EBITDA divided by Total Revenue


Adjusted EBITDA Reconciliation (USD$m)	Year ended June 30, 2025	Quarter ended June 30, 2025	Quarter ended March 31, 2025	Quarter ended December 31, 2024	Quarter ended September 30, 2024
Net income (loss)	86.9	176.9	(16.3)	(21.9)	(51.7)
Income tax provision (benefit)	6.6	(2.8)	5.0	3.0	1.3
Income (loss) before tax	93.5	174.1	(11.3)	(18.9)	(50.4)
Finance expense	11.0	5.2	4.1	1.7	0.0
Interest income	(7.5)	(1.7)	(1.9)	(1.6)	(2.3)
Depreciation and amortization	181.1	63.8	47.3	36.1	33.9
EBITDA	278.2	241.4	38.2	17.3	(18.8)

Reconciliation to consolidated statement of operations
Add/(deduct):
Unrealized (gain) loss on financial instruments	(77.5)	(147.7)	37.9	32.3	–
Stock-based payment expense – $75 exercise price options	11.8	2.8	2.9	3.0	3.1
Stock-based payment expense	30.8	15.9	4.9	4.9	5.1
Impairment of assets	7.2	(2.4)	0.1	–	9.5
(Gain) loss on disposal of property, plant and equipment	(4.0)	(2.3)	(1.5)	0.7	(0.8)
(Increase) decrease in fair value of assets held for sale	2.2	2.7	–	(0.5)	–
Gain on partial extinguishment of financial liabilities	(9.1)	(9.1)	–	–	–
Foreign exchange (gain) loss	1.3	(2.4)	0.3	4.6	(1.2)
Other one-off income¹	(1.7)	–	–	(1.7)	–
Other one-off expense items²	30.4	23.1	0.1	1.7	5.6
Adjusted EBITDA	269.7	121.9	82.9	62.4	2.5
Adjusted EBITDA Margin³	54%	65%	57%	54%	5%

Other one-off income for FY25 include insurance proceeds relating to the theft of mining hardware in transit and for FY24 include a gain on recovery of a connection deposit
Other one-off expense items for FY25 includes a one-time liquidation payment incurred in August 2024 resulting from the transition to spot pricing at the Group’s site at Childress, the reversal of the unrealized loss recorded on fixed price contracted amounts outstanding at June 30, 2024, a litigation related settlement provision, loss on mining hardware in transit, transaction costs incurred in December 2024 and June 2025 on entering the Capped Call Transactions in conjunction with the issuance of the 2030 Convertible Notes and 2029 Convertible Notes, one-off professional fees incurred in relation to litigation matters and the securities class action. Other one-off expenses for FY24 include professional fees incurred in relation to the securities class action and one-off additional remuneration
Adjusted EBITDA Margin is calculated as Adjusted EBITDA divided by Total Revenue

– Published by The MIL Network

NZ-AU: IREN Expands AI Cloud to 10.9k GPUs, with NVIDIA Preferred Partner Status and Additional Financing Secured

MIL OSI

August 29, 2025

Source: GlobeNewswire (MIL-NZ-AU)

NEW YORK, Aug. 28, 2025 (GLOBE NEWSWIRE) — IREN Limited (NASDAQ: IREN) (“IREN”) today announced it has secured NVIDIA Preferred Partner status and procured an additional 1.2k air-cooled NVIDIA B300s and 1.2k liquid-cooled NVIDIA GB300s for approximately $168m,¹ expanding its total GPU fleet to 10.9k NVIDIA GPUs.

IREN has secured approximately $96m in financing to support the purchase of the GB300s.¹ The financing is structured as a 24-month lease and represents 100% of the purchase price, with lease payments calculated utilizing a high single digit interest rate. The B300 GPUs are funded from existing cash, with further financing workstreams underway.

The GPUs will be installed over the coming months at IREN’s Prince George campus, where construction is underway on a 10MW (IT load) liquid-cooled installation capable of supporting more than 4.5k GB300s.

These NVIDIA B300 and GB300 NVL72 Systems will expand IREN’s AI Cloud over the coming months to approximately 10.9k NVIDIA GPUs, consisting of:

0.8k NVIDIA H100s
1.1k NVIDIA H200s
5.4k NVIDIA B200s
2.4k NVIDIA B300s
1.2k NVIDIA GB300s

“We are pleased to have secured NVIDIA Preferred Partner status and additional non-dilutive GPU financing, enabling us to expand our cloud offering with liquid-cooled, next-generation NVIDIA GB300 NVL72 systems” said Daniel Roberts, Co-Founder & Co-CEO of IREN.

“Supporting both liquid-cooled and air-cooled systems within the same data center campus highlights the versatility of our data center platform – underpinned by nearly 3GW of grid-connected power and scalable to hundreds of thousands of GPUs.”

Assumptions and Notes

Includes servers, InfiniBand, cabling, software and licensing costs

Forward-Looking Statements

This press release includes “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally relate to future events or IREN’s future financial or operating performance. For example, forward-looking statements include but are not limited to IREN’s business strategy, expected operational and financial results, and expected increase in power capacity and hashrate. In some cases, you can identify forward-looking statements by terminology such as “anticipate,” “believe,” “may,” “can,” “should,” “could,” “might,” “plan,” “possible,” “project,” “strive,” “budget,” “forecast,” “expect,” “intend,” “target”, “will,” “estimate,” “predict,” “potential,” “continue,” “scheduled” or the negatives of these terms or variations of them or similar terminology, but the absence of these words does not mean that statement is not forward-looking. 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. In addition, any statements or information that refer to expectations, beliefs, plans, projections, objectives, performance or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking.

These forward-looking statements are based on management’s current expectations and beliefs. These statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause IREN’s actual results, performance or achievements to be materially different from any future results performance or achievements expressed or implied by the forward looking statements, including IREN’s ability to successfully execute on its growth strategies and operating plans, including its ability to continue to develop its existing data center sites, design and deploy direct-to-chip liquid cooling systems, and diversify and expand into the market for high performance computing solutions (including the market for cloud services and potential colocation services and other important factors discussed under the caption “Risk Factors” in IREN’s annual report on Form 20-F filed with the SEC on August 28, 2024 as such factors may be updated from time to time in its other filings with the SEC, accessible on the SEC’s website at www.sec.gov and the Investor Relations section of IREN’s website at https://investors.iren.com. These and other important factors could cause actual results to differ materially from those indicated by the forward-looking statements made in this press release. Any forward-looking statement that IREN makes in this press release speaks only as of the date of such statement. Except as required by law, IREN disclaims any obligation to update or revise, or to publicly announce any update or revision to, any of the forward-looking statements, whether as a result of new information, future events or otherwise.

About IREN

Power & Land Portfolio: 2,910MW of grid-connected power secured across >2,000 acres in the U.S. and Canada, with an additional multi-gigawatt development pipeline.
Next-Generation Data Centers: 810MW of operating data centers underpinning three verticals: Bitcoin Mining, AI Cloud Services and AI Data Centers.
Bitcoin Mining: one of the world’s largest and lowest-cost Bitcoin producers with 50 EH/s of installed self-mining capacity.
AI Cloud Services: delivering high performance cloud compute to AI customers with next-generation NVIDIA GPUs.
AI Data Centers: end-to-end design, construction and operation of data center infrastructure tailored for AI workloads.

Contacts

Media

Megan Boles
Aircover Communications
+1 562 537 7131
megan.boles@aircoverpr.com

Jon Snowball
Sodali & Co
+61 477 946 068
+61 423 136 761

Investors

Mike Power
IREN
mike.power@iren.com

– Published by The MIL Network

Police release CCTV footage believed to show Marokopa man Tom Phillips

LiveNews Publisher

August 29, 2025

Source: New Zealand Police

Police investigating a retail burglary in rural Waikato are releasing CCTV footage of who they believe to be Marokopa father Tom Phillips and one of his children.

Police are making enquiries into a report of a break-in at a Piopio business about 2am on Wednesday 27 August. Detective Senior Sergeant Andy Saunders says Police are investigating any connection to Phillips, but the store is one he’s believed to have targeted, unsuccessfully, in November 2023.

In a bid to encourage the community to report sightings, Police have released footage showing two masked individuals, outside the retail premise shortly before it was burgled.

“We believe the pair in this footage are Tom and one of his children. They were in the area for 13 minutes, having travelled in and out on a quadbike. The pair can be seen loading items into containers on the quadbike before returning in the direction they had come from.

“We’re appealing for information from anyone who might have seen the quadbike travelling or parked between Piopio and Marokopa in the early hours of Wednesday morning.

“In this latest burglary, the offenders have left with a number of general grocery items.”

Phillips already faces a range of charges including aggravated robbery, aggravated wounding, and unlawful possession of a firearm.

“At the heart of this are three children who have been away from their home for four years. Their wellbeing is our main focus.”

* Video is available to media on request.

Media advisory

Media are invited to attend a stand up with Detective Senior Sergeant Andy Saunders in relation to the investigation into the disappearance of Marokopa man Tom Phillips and his three children.

It will begin at 10.30am in central Hamilton.

Media are asked to RSVP to media@police.govt.nz.

ENDS

Issued by the Police Media Centre

MIL OSI

Competitive process for future Rangitahi/Molesworth operator

LiveNews Publisher

August 29, 2025

Source: NZ Department of Conservation

Date: 29 August 2025

Rangitahi/Molesworth is a nationally important drylands ecosystem with a rich heritage and deep cultural significance. It’s also New Zealand’s largest farm and has a long history of high-country farming.

DOC South Marlborough Operations Manager Stacey Wrenn says staff are currently defining the scope of the opportunity to be offered – which will involve farming but may include other opportunities like guiding or accommodation alongside it.

“This scoping work will safeguard the ecological, recreational and cultural values that make Rangitahi/Molesworth such a special place while ensuring a commercially viable offering.”

Planting pine trees on Rangitahi/Molesworth will not be part of the opportunity.

Iwi and the Molesworth Steering Committee will provide advice to inform development of the expression of interest and competitive allocation process.

The current farming lease, held by Pāmu Farms of New Zealand (Landcorp Farming), expires on 30 June 2026.

Stacey says DOC intends to have the next operator(s) confirmed well before then, to allow for a transition if required.

“We want to acknowledge the great work Pāmu have done as stewards of an iconic New Zealand landscape.”

Stacey says DOC remains committed to the wellbeing and protection of Rangitahi/Molesworth.

“The current lease with Pāmu is under the Land Act and was in place before DOC took over management of the reserve.”

“Any new commercial arrangements on Rangitahi/Molesworth will be under the Conservation Act. This will better recognise the reserve’s ecological, recreation and heritage values and may allow for better public access,” Stacey says.

Contact

For media enquiries contact:

Email: media@doc.govt.nz

MIL OSI

GWM Hi4 Series: Globally Launched with a Revitalized Look, Empowering Hybrid 4WD Technology with Millennia-Old Wisdom

MIL OSI

August 29, 2025

Source: Media Outreach

BAODING, CHINA – Media OutReach Newswire – 28 August 2025 – At the GWM Hi4 Technology Global Launch Event on August 27, 2025, Jack Wey, Chairman of GWM, took the timeless “working in harmony with nature” wisdom of Dujiangyan, a world cultural heritage site, as a starting point to in-depth interpret the engineering philosophy and innovative value of GWM Hi4 technology, which resonated widely across the industry. He opened by highlighting the extraordinary nature of Dujiangyan: “The greatness of Dujiangyan lies in its ability to cope with all situations throughout the year, whether it is drought or flood, high water or low water. It turns the threat of water into a benefit for water conservancy and safeguards people’s livelihoods.”

GWM Hi4 Series: Globally Launched with a Revitalized Look, Empowering Hybrid 4WD Technology with Millennia-Old Wisdom

These words perfectly embody the spiritual core of Hi4 technology R&D — GWM’s Hi4 system draws inspiration from this magnificent water conservancy project with a history of over 2,000 years. Therefore, the brand specially chose this location for the global technology launch event, allowing millennia-old wisdom and modern technology to converge here. The innovation of GWM Hi4 technology shares profound common wisdom with Dujiangyan’s water diversion technique: just as the “Fish Mouth” water-dividing dike of Dujiangyan automatically diverts water into the Inner River and Outer River according to water volume, GWM Hi4 can intelligently distribute power between the engine and dual motors to achieve precise power splitting. Specifically, through its power-splitting system, Hi4 intelligently “diverts” the vehicle’s power: one part is directly used to drive the wheels, converted into traction to support driving; the other part is converted into electrical energy for storage or supply to other vehicle systems, ensuring optimal energy utilization and battery status at all times. This design not only guarantees strong power output but also significantly improves energy efficiency and driving stability. The core wisdom shared by both lies in the “rational allocation and utilization of resources”, guiding power and energy to flow to the most appropriate places, and ultimately forming a more energy-saving and efficient power system.

Jack Wey further emphasized: “We build cars for the users. To put it in a phrase we often use, it is ‘user-centric’. We must approach car manufacturing with the same rigor as water conservancy projects, leaving no room for negligence. That’s why we need to consider extreme weather conditions to make driving safer. Many dangerous scenarios may be like once-in-a-century floods — most people will never encounter them, but if they do, the consequences are catastrophic.” The safety advantage of 4WD vehicles has long been proven. According to statistics from authoritative foreign institutions, the fatality rate of 2WD vehicle accidents is nearly twice that of 4WD vehicles. Therefore, the R&D of Hi4 technology not only covers daily driving scenarios — urban commuting, highway driving, mountainous road conditions, long-distance travel, etc. — but also focuses on “those 1% of extreme situations”. He bluntly stated: “I tell our engineers that developing products is not about piling up technologies; we must keep users in mind. We should build cars the way Dujiangyan was constructed — covering all working conditions, ensuring reliable quality, and standing the test of time!”

As the world’s first intelligent 4WD hybrid technology, Hi4 breaks the convention that “4WD performance must come with high energy consumption” through the aforementioned core design, achieving “4WD experience with 2WD energy consumption”. The hybrid-dedicated engine with 41.5% thermal efficiency and maximum 340kW system power further enhance its energy efficiency and safety advantages. Hi4-equipped models like HAVAL H6, WEY G9, and GWM TANK 300/500/700 are now launching in Australia, Pakistan, South Africa, Malaysia, Thailand, Brazil, Kazakhstan, and more markets to come. Our goal is to make 4WD vehicles accessible to every family. Jack Wey expressed that Dujiangyan Irrigation System is not just a great engineering project; it steeped in profound cultural heritage and embodies an “ecological philosophy” that respects the laws of nature, as well as philosophy of long-termism built on steady progress. GWM consistently prioritizes quality and safety, delivering high-value, highly reliable technologies and products to the global market.

Hashtag: #GWM

The issuer is solely responsible for the content of this announcement.

– Published and distributed with permission of Media-Outreach.com.

Changan’s “Vast Ocean Plan” Accelerates – A New Era in Global Service Leadership

MIL OSI

August 29, 2025

Source: Media Outreach

BANGKOK, THAILAND – Media OutReach Newswire – 28 August 2025 – “Skills beyond borders, service beyond boundaries” – On August 27-28, 2025, ChangAn Automobile successfully hosted its 1^{^st} Global Service Skills Competition in Bangkok, Thailand. The event brought together 45 contestants from 19 countries to demonstrate expertise across three key disciplines: service contest, engine mechanical troubleshooting, and vehicle electrical system troubleshooting – a comprehensive showcase of ChangAn’s professional service capabilities and talent development on the global stage.

Changan’s “Vast Ocean Plan” Accelerates – A New Era in Global Service Leadership

As the first global service skills competition organized by a Chinese auto brand, this landmark event not only demonstrated ChangAn’s worldwide service strength, but also marked a strategic advancement of its “Vast Ocean Plan”, the company’s initiative driving globalization. Through talent development and localized integration, ChangAn is building a robust overseas service network, committed to delivering reliable, professional, and customer-centric experiences worldwide.

From January to July 2025, ChangAn recorded 1,565,860 vehicle sales, a 4.07% year-on-year increase of, including 348,825 overseas deliveries, up 34.5% year-on-year. This robust global growth is underpinned by ChangAn’s sustained development of its service infrastructure. In 2024, ChangAn launched its global user brand label “withU” and accelerated its overseas “ChangAn Premium Service Experience”, establishing an integrated “One Network, Three Systems” service framework. This includes 14,000+ global service outlets, 5 global central warehouses, 82 national warehouses, 4 overseas call centers and the pilot-operated “Super Three-Electric Repair Centers”. Notably, ChangAn has been listed in BrandZ Chinese Global Brand Builders for two consecutive years.

By promoting the efficient integration of “ChangAn Standards” and “local needs,” ChangAn ensures that its service experiences are both globally consistent and locally attentive. In doing so, ChangAn has created a new model for corporate service standards and set a new benchmark for service development in the industry.

Looking ahead, ChangAn remains committed to refining its full-cycle customer service ecosystem while upholding its philosophy — “Advanced technology builds exceptional products; premium service creates memorable experiences”, to jointly shape the future of mobility with global users.

Hashtag: #Changan

The issuer is solely responsible for the content of this announcement.

– Published and distributed with permission of Media-Outreach.com.

Best Mart 360 Reports Interim Revenue Growth to HK$1.44 billion

MIL OSI

August 29, 2025

Source: Media Outreach

Highlights:

Revenue increased to approximately HK$1,436.6 million.
Gross profit increased to approximately HK$518.2 million.
Profit attributable to owners of the Company amounted to approximately HK$120.7 million.
As at 30 June 2025, the Group operated a total of 178 chain retail stores
Basic earnings per share was approximately HK12.1 cents. The Board recommended the payment of interim dividend of HK11.0 cents per share.

Financial Highlights:

	For the 6 months ended 30 Jun
HK$’000	2025	2024	Change
Revenue	1,436,576	1,393,691	+3.1%
Sales derived from private label products	251,203	234,630	+7.1%
Gross profit	518,177	507,938	+2.0%
Interim dividend per share (HK cents)	11.0	11.0	– –

HONG KONG SAR – Media OutReach Newswire – 28 August 2025 – Best Mart 360 Holdings Limited (“Best Mart 360” or the “Company”, together with its subsidiaries, the “Group”; stock code: 2360.HK), a leading leisure food retailer in Hong Kong, announced its interim results for the six months ended 30 June 2025 (“the Period under Review”). During the Period under Review, the revenue recorded by the Group amounted to approximately HK$1,436,576,000, representing an increase of approximately 3.1% as compared to approximately HK$1,393,691,000 for the six months ended 30 June 2024 (the “Corresponding Period Last Year”).

During the Period under Review, profit attributable to owners of the Company amounted to approximately HK$120,652,000.

For the six months ended 30 June 2025, gross profit of the Group were approximately HK$518,177,000, representing an increase of approximately 2.0%, as compared to gross profits of approximately HK$507,938,000 for the six months ended 30 June 2024; and gross profit margin for the six months ended 30 June 2025 was approximately 36.1%. During the Period under Review, basic earnings per share of the Group was approximately HK12.1 cents. The Board recommended the payment of interim dividend of HK11.0 cents per share.

BUSINESS REVIEW

CHAIN RETAIL STORES
As at 30 June 2025, the Group operated a total of 178 chain retail stores, including 172 chain retail stores in Hong Kong and 6 chain retail stores in Macau, respectively. During the Period under Review, the Group continued to adopt its store optimization strategy by continuously improving the product display, store appearance and procurement arrangements, to provide customers with a better shopping environment and experience, and to showcase the Company’s further diversified product portfolio and good brand image.

In 2021, the Group launched a new global wine and food shop “FoodVille”, targeting mid-to-high end and global quality food products. These include fine wines, premium chocolates, health foods, cheese, Western sauces and ingredients from various countries and regions, catering to the market’s pursuit of a high-quality living and expanding the Group’s customer base. As at 30 June 2025, the Group operated a total of 8 stores under the relevant retail brand.

During the Period under Review, the ratio of rental expenses (on a cash basis) to sales revenue of the Group’s retail stores was approximately 9.6%.

THE PRODUCTS
During the Period under Review, the Group adhered to the global procurement strategy and strived to provide customers with a wide range of products from all over the world with diversified choices. During the Period under Review, the Group sold over 1,050 brands and more than 2,870 stock keeping units (“SKUs”) of products in total, offering customers a diversified range of choices. The Group continued to optimise its product portfolio, phasing out older items for new products and flavours, staying abreast of changes in customer demands.

To enrich our product mix and maintain effective control over product qualities and supplies and profitability, the Group continued to actively develop its private label products during the period. During the Period under Review, sales derived from private label products amounted to approximately HK$251,203,000 (for the six months ended 30 June 2024: approximately HK$234,630,000), accounted for approximately 17.5% of the Group’s overall revenue for the Period under Review.

The Group had a total of 12 private labels and approximately 259 SKUs of products, including masks, canned Chinese delicacies, cereals, milk, honey, nuts and dried fruits as well as a wide range of leisure food products.

MEMBERSHIP SCHEME AND MARKETING & PROMOTIONAL ACTIVITIES
As at 30 June 2025, the number of the Group’s registered fans and members was approximately 2,243,198 (30 June 2024: approximately 2,214,680). The number of mobile app members has reached approximately 1,238,775 as of 30 June 2025 (30 June 2024: approximately 1,112,031).

The Group conducted various marketing and promotional activities during the Period under Review, including the launch of the “Best Price (至優價)”, “Monday Reward (狂賞星期一)”, “Wednesday Reward (週三即日賞)”, “Instant Redemption Upon Purchase (一買即換)” and other promotional campaign, which continuously provided customers with a series of special offers for selected quality products to express our gratitude for our customers’ support and to enhance customer loyalty.

Meanwhile, the Group continued to advertise through television, newspapers, social media platforms and other media channels, which successfully obtained repeat customers, attracted new customers and greatly promoted the discussions about the Group in the market.

EMPLOYEES
As at 30 June 2025, the number of full-time and part-time employees of the Group was 1,187 (31 December 2024: 1,230). The year-on-year decrease was primarily due to an increase in full-time staff alongside a reduction in part-time staff, aimed at enhancing the service quality in stores. In order to retain staff and to suitably incentivise employees of the Group so as to increase staff cohesion and loyalty, the Group regularly reviews and updates its employee benefit plans and remuneration packages with reference to labour market supply and labour cost trend, as well as individual performance. Staff costs (excluding Directors’ emoluments) of the Group accounted for approximately 9.7% of revenue during the Period under Review (for the six months ended 30 June 2024: approximately 10.0%).

OUTLOOK
Amid escalating global geopolitical conditions, economic prospects remain fraught with uncertainties. Coupled with the changes in consumer spending patterns in recent years, the growing popularity of cross-border consumption has further hindered the recovery of the retail industry in Hong Kong. The Group anticipates that the retail business environment will remain challenging this year. The Group will remain prudent in conducting business, actively explore new products and new markets, and explore opportunities for diversified development. Simultaneously, the Group will continue to enhance internal operational efficiency, promote and refine management practices, optimise business processes, and control costs. The Group will closely monitor factors affecting its operations, flexibly adjust and implement relevant strategies flexibly timely to deliver the best returns for shareholders and investors.

Looking ahead, the Group will seize market opportunity to expand its store network of its major retail brands, namely the “Best Mart 360º (優品360º)” and “FoodVille”. By leveraging the “dual brand” model, the Group aims to meet the needs of different customer segments for quality food. The Group will review the operation of existing retail outlets regularly to adjust its operational strategy as needed. In addition, in June this year, the Group officially joined the foodpanda mall platform, enabling customers to purchase products online conveniently, expanding sales channels and boosting revenue.

The Group remains committed to its business mission of “Best Quality” and “Best Price”. It will actively seek upstream suppliers to enrich its product portfolio while maintaining a competitive edge in pricing. On the other hand, the Group will continue to actively explore different categories of food products globally to enhance the development of its own brand products to meet the market demand for daily necessities and provide customers with a more diversified range of choices.

Hashtag: #BestMart360 #優品360

The issuer is solely responsible for the content of this announcement.

– Published and distributed with permission of Media-Outreach.com.

Vietnam’s Global Aspirations on Display at Hanoi’s New Vietnam Exposition Center

MIL OSI

August 29, 2025

Source: Media Outreach

The launch of Vietnam Exposition Center has affirmed its status as Hanoi’s newest architectural icon, while also highlighting Vietnam’s rising position on the global map of preferred destinations for global events.

HANOI, VIETNAM – Media OutReach Newswire – 28 August 2025 – People from all over Vietnam flocked to the Center in Đông Anh District to attend the exhibition “80 Years of Independence – Freedom – Happiness.” The event brought Vietnam’s history, its people, and recent achievements to life, drawing tens of thousands of visitors in the opening week.

The Vietnam Exposition Center in Hanoi, Vietnam.

Much of this appeal comes from the Center’s unique role – not only is it the largest facility of its kind in Southeast Asia, covering nearly 90 hectares, but it also stands as a proud symbol of Vietnam, a nation that endured decades of war and hardship yet has risen to remarkable growth throughout this historic journey.

Beyond its impressive scale and modern architecture, the Center embodies Vietnam’s aspirations for international integration and innovation. It signals an openness to hosting world-class conferences, exhibitions, and cultural events – helping fuel Vietnam’s MICE (Meetings, Incentives, Conferences, Exhibitions) tourism sector and growing cultural industries. Notably, it also carries the mark of Vingroup, the largest private conglomerate in Vietnam, which envisions the Center not only as an iconic landmark, but also as a “bridge” connecting Vietnamese enterprises with the global business community through world-class exhibitions and trade fairs.

The journey to build this modern infrastructure for the capital began with the Prime Minister’s approval in 2015, with the goal of meeting the demand for large-scale events. The site was strategically chosen at the northeastern gateway of Hanoi, providing easy access to Nội Bài International Airport and major transportation routes – making it convenient for both domestic and international guests.

The importance of this location is further underscored by the upcoming launch of the Tu Lien Bridge – a key infrastructure project spanning the Red River – which will provide a fast connection between the city center and the exhibition complex. This will give the Center a major advantage in terms of accessibility, making it a convenient destination for large-scale national and international events.

One distinctive aspect of the project is its blend of tradition and modernity. The Center stands on land closely tied to the ancient Co Loa Citadel, a historic site associated with legends of Vietnam’s founding and defense. In just over 10 months of accelerated construction – cutting the original timeline in half – a striking 24,000-ton steel dome was completed, marking new standards for Vietnam’s construction industry and a spirit of innovation in infrastructure development.

A particular highlight is the Kim Quy Exhibition Hall, with its flowing dome inspired by the legendary “Golden Turtle” (Kim Quy) of Vietnamese folklore. The spiral pattern on the dome, along with expansive plazas, parks, and outdoor exhibition areas, gives the complex a distinctive identity that weaves together tradition and contemporary creativity.

“The sheer scale and modernity of this space convince me that Vietnam is ready to host major international events,” shared a young entrepreneur attending the opening.

Technology products of Vingroup such as VinRobotics and VinMotion at the the exhibition.

A New Engine for Vietnam’s Event Economy

The significance of the Vietnam Exposition Centergoes far beyond symbolism. Its launch aligns with the global rise of the events industry, which is increasingly seen as a powerful driver of economic growth in many countries. According to the Global Association of the Exhibition Industry (UFI), each dollar spent at exhibitions can generate two to three times that value through related services – accommodation, transportation, trade, and national branding¹.

For example, the 2010 Shanghai World Expo drew 73 million visitors and generated nearly $2 billion in revenue over just six months². Dubai’s Expo 2020 attracted over 24 million visitors, contributed an estimated $42 billion to the UAE economy (2013 to 2042), and created tens of thousands of new jobs³. And the global market for events and exhibitions is forecast to keep growing, reaching an estimated $63.75 billion by 2029⁴.

That Vingroup has invested in and completed an international-standard exhibition center in Đông Anh demonstrates a vision of global integration. This achievement brings Vietnam in line with global trends, drives the growth of creative industries, culture, and high-quality services, and attracts additional international investment.

This project is expected to welcome up to 60 million visitors each year to Hanoi – a hub for entertainment, arts, business, and global networking. The arrival of the Vietnam Exposition Centeris helping Vietnam steadily secure its place on the regional events map, opening a new chapter of development, connection, and integration.

https://vingroup.net/en

Hashtag: #Vingroup

The issuer is solely responsible for the content of this announcement.

– Published and distributed with permission of Media-Outreach.com.

Uni-Bio Science Group Announces 2025 Interim Results

MIL OSI

August 29, 2025

Source: Media Outreach

EPS Surged to 1.27 HK Cents with a Three-year CAGR of 43.1%, Robust Revenue Growth Driven by Strong Demand for Bogutai® and Omnichannel Strategy

HONG KONG SAR – EQS Newswire – 28 August 2025 – A fully integrated biopharmaceutical company – Uni-Bio Science Group Limited (“Uni-Bio Science”, together with its subsidiaries referred to as the “Group”, stock code: 0690.HK), is pleased to announce its interim results for the six months ended 30 June 2025 (the “Period”).

Key Accomplishments in the First Half of 2025

During the Period, the Group achieved a spectrum of accomplishments, for both of its marketed products and innovative biologics. The key highlights include:

1. During the Period, the Group delivered solid financial results, with revenue achieved an increase of 13.4% year-on-year (“YoY”) and net profit reaching a record HK$76.0 million, up 12.7% YoY, while EPS increased from HK$0.62 cents in the first half of 2023 to HK$1.27 cents in the first half of 2025, representing a three-year CAGR of 43.1%. The growth this year was driven by the Group’s omnichannel strategy and increasing demand for Bogutai®, along with in the Group’s existing marketed drugs. Meanwhile, the Group strengthened its financial position, with improvements across all key liquidity ratios and overall financial resilience.

2. Since its official launch in March 2024, Bogutai® has steadily built market recognition and sustained growth momentum. Bogutai® has achieved solid progress in clinical uptake and patient enrollment, with over 8,000 new patients and 6,000 returning patients, and establishing a broad and in-depth market network across first- to fourth-tier markets. During the Period, revenue of Bogutai® increased substantially from approximately HK$18.8 million to approximately HK$65.6 million, representing a significant increase of 248.9%.

3. In May 2025, the Group’s second ophthalmology product, 金因康® (Diquafosol Sodium Eye Drops), received marketing approval from the China National Medical Products Administration (“NMPA”), marking a significant milestone in expanding the Group’s ophthalmic portfolio.

4. In July 2025, the marketing application of Isavuconazonium sulfoate capsules was officially accepted by the NMPA, marking a significant milestone for the Group in the field of antifungal treatment. Isavuconazonium sulfoate capsules is expected to be approved for launch in the second half of 2026.

5. In June 2025, the Group officially launched the high-end series GeneQueens™ of 肌顏態® and the medical device brand 金因敷®, marking a key milestone in its strategic expansion into the integrated “Drug, Medical Device, and Aesthetics” field.

6. During the Period, the Group is refocusing its R&D strategy on regenerative medicine. In particular, the Group is in discussions with leading regenerative medicine research institutions in China to establish industry–academic partnerships in this field, aiming to co-develop innovative therapies leveraging growth factors and regenerative medicine technologies, combining complementary strengths to accelerate research and further strengthen the Group’s leadership in biopharmaceutical innovation.

Interim Results

For the Period, the Group recorded revenue of approximately HK$310.2 million, representing an increase of 13.4% YoY. Revenue of Bogutai® increased substantially from approximately HK$18.8 million to approximately HK$65.6 million, representing a significant increase of 248.9%. Revenue generated from GeneTime® was approximately HK$107.8 million, representing an increase of 18.1% YoY. GeneSoft® recorded a mild decrease in revenue to approximately HK$18.5 million, representing a decrease of 2.1% YoY. Currently, the Group is preparing for GeneSoft® entry into medical insurance coverage, aiming for inclusion by the end of 2025, and providing a strong catalyst for future growth. Pinup® recorded a decrease of 22.7% in revenue to approximately HK$108.9 million for the Period. The Group was re-selected for the centralized procurement in 2024, with a validity period of two years. However, in response to certain local policy changes, the Group adopted a more selective approach to hospital supply. Hospitals in many provinces began procuring Boshutai® in 2025. Revenue from Boshutai® was approximately HK$6.1 million, representing a significant increase of 84.8%.

Gross profit was approximately HK$254.1 million, representing an increase of 10.2% YoY, whereas gross profit margin was 81.9% (first half of 2024:84.3%). The decrease in gross profit margin was primarily due to the recent addition of Bogutai®, which is still in the early stages of commercialization and had a relatively low output volume, resulting in higher product costs. Profit for the Period surged from approximately HK$67.4 million in the first half of 2024 to approximately HK$76.0 million, representing an increase of 12.7%. This result reflects the effectiveness of the Group’s strategic focus on operational efficiency, disciplined cost control, and targeted commercial execution, reinforcing its trajectory toward sustained profit growth and long-term value creation. The earnings per share reached approximately HK$1.27 cents, reflecting a growth of 16.5% YoY.

Prospects

China’s medical device industry is expected to grow at an 8.9% CAGR from 2023 to 2030, fueled by rising chronic diseases and innovation investment. Government policies like “Made in China 2025” and the 2025 “Measures to Support High-Quality Development of Innovative Drugs” promote drug innovation, expanded insurance, faster approvals, and prioritize key therapies, including pediatric, chronic, and infectious diseases. National procurement now favors innovation over price, supporting sustainable healthcare growth. Leveraging advanced synthetic biology, the Group is well-positioned to seize these opportunities and advance regenerative therapies in orthopedics, ophthalmology, dermatology, and medical aesthetics.

Looking forward, Mr. Kingsley Leung, Chairman of Uni-Bio Science said, “We are committed to pursuing a diversification strategy to ensure sustainability by driving product innovation and expanding marketing channels and geographical presence. During the Period, we achieved notable breakthroughs in our product portfolio. We received marketing approval of our new ophthalmology product, 金因康®, and antifungal product, isavuconazonium sulfoate capsules. Our medical aesthetic products also experienced a major launch with the introduction of the high-end GeneQueens™ series, along with a new medical device brand, 金因敷®.

We have implemented omnichannel strategies to broaden our customer base beyond traditional hospital networks. Our direct sales team works closely with multiple-tier hospitals, while our own flagship stores are established on all major Chinese online sales platforms. We will continue to grow our online presence and expand our distributor network to support offline marketing. Internationally, we are focusing on markets such as the U.S., Middle East, and Southeast Asia. Our FDA application for Bogutai® is progressing, with approval expected as early as 2027, targeting it as our first overseas commercial product.

During the Period, we further re-focused our R&D strategy in regenerative medicine. To enhance our core strengths and enter advanced therapies, we established two cutting-edge R&D platforms: the ECO-KSFA® Mini-protein Superfactory, which enables large-scale production of complex-structured polypeptides while significantly reducing costs; and the Biological Hydrogel Technology Platform, designed to incorporate active molecules such as growth factors for enhanced tissue engineering repair. These platforms form the basis of our R&D and will boost our product innovation.”

Hashtag: #UniBioScienceGroup

The issuer is solely responsible for the content of this announcement.

– Published and distributed with permission of Media-Outreach.com.

Expats experience services in Qianhai: No Red Tape, Only Red Carpets

MIL OSI

August 28, 2025

Source: Media Outreach

SHENZHEN, CHINA – Media OutReach Newswire – 28 August 2025 – On the morning of August 27, “Qianhai Block V” was officially launched with the presence of representatives from various sectors in Shenzhen and Hong Kong. As the latest landmark for international talent innovation in Qianhai, Shenzhen, “Qianhai Block V” is rapidly emerging as an international talent hub that integrates the “innovation chain, industry chain, capital chain, and talent chain”. It is also propelling Qianhai to become a “golden stage” for talent to realize their dreams. By offering latest policy consultations, an easy access to optimal venture capital resources, and the most precise job matching, it will greatly support Shenzhen in building the best technology innovation ecosystem and talent development environment.

Qianhai Block V

With the further optimization of its supporting infrastructure and policies, Qianhai vividly demonstrates how to break down administrative barriers with the “service cycle” and attract talent through “hardcore policies”. By fulfilling its promise of “no red tape, only red carpet”, today’s Qianhai has become a “preferred gateway” for international talent to integrate into the Guangdong-Hong Kong-Macao Greater Bay Area (GBA).

“It’s incredibly efficient! There’s no need to run between multiple departments. The entire process from seeking consultation to completing the paperwork was much smoother than I expected.” After experiencing the one-stop services at Qianhai International Talent Hub, American blogger Alysa Kees, known as “Qi Shiwen” in China, shared her feelings with overseas audiences on camera.

Qianhai Block V

In Qianhai, the “one-stop convenience” that Qi Shiwen experienced has long permeated every aspect of talent services. The international talent hub has integrated 700 services covering the full spectrum of employment, entrepreneurship, and living. There are dedicated counters for foreign talent to apply for work permits and for Hong Kong and Macao residents to consult on cross-border living matters. Furthermore, through the “In Qianhai” smart digital platform, overseas individuals can schedule visa appointments and access policies online in advance. By entering their career direction and living preferences, users can receive instant, tailored recommendations on suitable companies, housing, and subsidies. This makes talent services truly within reach, thus realizing a talent ecosystem at their fingertips.

The latest data reveals that Qianhai is currently home to over 3,000 foreign professionals, more than 5,000 foreign residents and over 51,000 holders of postgraduate degrees or higher. With a total of 660,000 professionals engaging in modern services and industrial technology sectors, Qianhai has been a growing magnet for talent.

Convenient living amenities are a key reason why numerous professionals choose to stay in Qianhai. To address cross-border living needs, Qianhai has introduced thoughtful initiatives: Hong Kong residents can use their local e-wallets directly for frequent daily spending scenarios without switching payment methods; cross-border salary payments are processed with a single click, eliminating repeated bank verification and significantly improving the efficiency of financial transactions. Beyond daily transactions and financial matters, family-related needs have also been carefully considered. To accommodate the educational plans of different families, multiple international schools offer curricula from kindergarten to high school. In terms of healthcare, Hong Kong-style medical institutions provide familiar consultation models and language services, thus ensuring a smoother transition for cross-border living.

Through the “Strive and Rise Programme”, Hong Kong is actively positioning Qianhai as a preferred destination for its youth entrepreneurs so as to deepen cross-border cooperation. In August, 160 middle school students from Hong Kong visited the Qianhai Shenzhen-Hong Kong Youth Innovation and Entrepreneur Hub (E-hub) and Tencent Technology Innovation Workshop. While experiencing AI technology firsthand, they gained an in-depth understanding of relevant policies, such as “RMB 1 for office space” and “special fund for technology innovation” and the entrepreneurial advantages offered by Qianhai.

For aspiring entrepreneurs, Qianhai has provided a favorable platform for them to shine. Its entrepreneurial support spans the entire lifecycle. In the startup phase, the “RMB 1 for entry” policy allows qualified teams to obtain office space at low cost, coupled with mentorship for market analysis. During the growth phase, they can apply for a fund of RMB 500 million to help solve their financial challenges. The model of “R&D in Hong Kong and Commercialization in Qianhai” enables a rapid connection to the industrial chains in the Chinese mainland.

From the seamless services experienced by foreign talent and the entrepreneurial enthusiasm of Hong Kong youth to the rapid growth of startups, Qianhai has turned its promise of “no red tape, only red carpet” from a slogan into a daily reality for those pursuing their dreams here.

In days to come, Qianhai will continue to deepen cross-border service innovation, enhance full-cycle entrepreneurial support, and expand its distinctive industrial ecosystem. This will enable more global talent to navigate their undertakings with greater ease and confidence. While enjoying efficient and convenient services, they will unleash their value in the thriving industrial landscape and write a new chapter of open development in the GBA.

The issuer is solely responsible for the content of this announcement.

– Published and distributed with permission of Media-Outreach.com.

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