Datamaran Launches Datamaran Suite to Power Always-On ESG Strategy Français
NEW YORK and LONDON, July 16, 2025 /CNW/ -- Today, Datamaran, the market leader in AI-powered risk and governance tools, announced the launch of Datamaran Suite – a powerful, modular platform designed to equip companies with everything they need to run an always-on ESG strategy. Built on the foundation of Datamaran Core, Suite introduces new tools for benchmarking, governance, and decision-making, including the highly anticipated IROs Benchmarking module. Additionally, Datamaran has enhanced its Materiality workflow with a new Multiple Reviewers feature.
"Datamaran Suite brings together audit-ready materiality analysis with powerful benchmarking and collaboration tools – enabling cross-functional teams to make boardroom-ready decisions backed by insights into best practices, regulatory developments, and peer trends,"
said Marjella Lecourt-Alma, CEO and co-founder at Datamaran.
Introducing IROs Benchmarking: The Ultimate Peer Insights
At the center of the Suite's expanded capabilities is IROs Benchmarking, a new module that allows companies to compare their disclosed impacts, risks, and opportunities (IROs) against those of peers across industries and geographies. This intelligence enables alignment with industry norms, highlights disclosure gaps, and strengthens internal governance by equipping executives with evidence-backed insights.
"Your IRO disclosures are a reflection of your strategic priorities," added Lecourt-Alma. "With Datamaran Suite, companies gain a clear view of how their disclosures stack up and, just as importantly, they get a scalable system that reflects the complexity of ESG today. Our clients tell us they value the efficiency of having materiality, regulatory monitoring, and benchmarking in one place. At the same time, we're listening closely to those who want even more tailored insights and specialized support, and we're building with those in mind."
New Feature: Multiple Reviewers for Enhanced IRO Evaluation
Alongside IROs Benchmarking, Datamaran has also rolled out a major upgrade to its Materiality Analysis workflow, which is part of Core and Suite: the Multiple Reviewers feature.
This enhancement allows companies to assign up to 25 reviewers per topic when evaluating IROs. By incorporating diverse internal perspectives, organizations benefit from more thorough and consistent assessments. The platform's built-in scoring logic calculates average scores automatically once all assessments are complete, providing a transparent and robust output for audit and governance purposes.
The Advantage of Suite: One Platform, Total Oversight
Datamaran Suite integrates Core's AI-powered materiality capabilities with new governance tools, including:
All modules operate within a single secure platform, giving sustainability, risk, legal, and compliance teams total oversight and strategic clarity. Datamaran Suite is available today for all new and existing clients. To learn more or request a demo, visit .
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AT&T Reports Strong Second-Quarter Financial Performance
Company delivers robust, high-quality 5G and fiber subscriber growth as more customers choose converged connectivity services DALLAS, July 23, 2025 /CNW/ -- AT&T Inc. (NYSE: T) reported strong second-quarter results that demonstrate its ability to grow the right way by attracting high-quality 5G and fiber subscribers, while growing service revenues, resulting in improved consolidated revenues and earnings growth. "We are winning in a highly competitive marketplace, with the nation's largest wireless and fiber networks. Customers are increasingly choosing AT&T because we have the best technology and options for wireless and broadband connectivity, backed by the AT&T Guarantee," said John Stankey, AT&T Chairman and CEO. "The milestones achieved this quarter – from passing more than 30 million customer locations with fiber and eclipsing 1 million total AT&T Internet Air customers, to our agreement to acquire substantially all of Lumen's Mass Markets fiber business - strengthen the industry's best and leading connectivity portfolio." Second-Quarter Consolidated Results Revenues of $30.8 billion Diluted EPS of $0.62, versus $0.49 a year ago; adjusted EPS* of $0.54, versus $0.51 a year ago Operating income of $6.5 billion; adjusted operating income* of $6.5 billion Net income of $4.9 billion; adjusted EBITDA* of $11.7 billion Cash from operating activities of $9.8 billion, versus $9.1 billion a year ago Capital expenditures of $4.9 billion; capital investment* of $5.1 billion Free cash flow* of $4.4 billion, versus $4.0 billion a year ago Second-Quarter Highlights 401,000 postpaid phone net adds with postpaid phone churn of 0.87% Mobility service revenues of $16.9 billion, up 3.5% year over year 243,000 AT&T Fiber net adds and 203,000 AT&T Internet Air net adds Consumer fiber broadband revenues of $2.1 billion, up 18.9% year over year Repurchased approximately $1.0 billion in common shares Closed the sale of entire remaining 70% stake in DIRECTV to TPG on July 2 Impact of Tax Provisions in the One Big Beautiful Bill Act AT&T expects to realize $6.5 to $8.0 billion of cash tax savings during 2025-2027 relative to the guidance it provided at its 2024 Analyst & Investor Day due to tax provisions in the One Big Beautiful Bill Act. This reflects estimated savings of $1.5 to $2.0 billion in 2025 and $2.5 to $3.0 billion in each of 2026 and 2027. The Company intends to invest $3.5 billion of these savings into its network to accelerate its fiber internet build-out to a pace of 4 million locations per year, a run-rate it expects to achieve by the end of 2026. As a result of this increased pace of organic fiber deployment, AT&T expects that by the end of 2030 it will reach approximately 50 million customer locations with its in-region fiber network and more than 60 million fiber locations when including the Lumen Mass Markets fiber assets it has agreed to acquire and plans to expand, its Gigapower joint venture, and agreements with other commercial open access providers 1. AT&T also intends to contribute $1.5 billion of these savings to its employee pension plan by the end of 2026, which would result in approximately 95% funding of the plan 2. The remaining tax savings will add to AT&T's financial flexibility to support additional strategic investments, incremental capital returns and debt repayment, among other potential uses. Outlook AT&T is updating certain elements of its financial guidance for 2025-2027 to reflect the impact of expected cash tax savings, as well as its year-to-date operating performance and outlook for the remainder of 2025. For the full year 2025, AT&T expects: Consolidated service revenue growth in the low-single-digit range. Mobility service revenue growth of 3% or better. Consumer fiber broadband revenue growth in the mid-to-high teens. Adjusted EBITDA* growth of 3% or better. Mobility EBITDA* growth of approximately 3%. Business Wireline EBITDA* to decline in the low-double-digit range. Consumer Wireline EBITDA* growth in the low-to-mid-teens range. Capital investment* in the $22 to $22.5 billion range. Free cash flow* in the low-to-mid $16 billion range, including over half of the planned pension funding through 2026 discussed above. Adjusted EPS* of $1.97 to $2.07. Share repurchases of $4 billion for 2025, including approximately $1.3 billion completed year to date. AT&T continues to operate the business to achieve the strategy outlined at its 2024 Analyst & Investor Day. Accordingly, AT&T reiterates its long-term financial outlook for: Consolidated service revenue growth in the low-single-digit range annually from 2026-2027. Adjusted EBITDA* growth of 3% or better annually from 2026-2027. Adjusted EPS* accelerating to double-digit percentage growth in 2027. As a result of the cash tax savings from provisions in the One Big Beautiful Bill Act, AT&T updates its financial outlook for: Capital investment* in the $23 to $24 billion range annually from 2026-2027. Free cash flow* of $18 billion+ in 2026 and $19 billion+ in 2027. Note: AT&T's second-quarter earnings conference call will be webcast at 8:30 a.m. ET on Wednesday, July 23, 2025. The webcast and related materials, including financial highlights, will be available at Consolidated Financial Results Revenues for the second quarter totaled $30.8 billion, versus $29.8 billion in the year-ago quarter, up 3.5%. This was due to higher Mobility and Consumer Wireline revenues, partially offset by declines in Business Wireline and Mexico, which included unfavorable foreign exchange impacts. Operating expenses were $24.3 billion, versus $24.0 billion in the year-ago quarter. Operating expenses increased, primarily due to higher equipment costs associated with higher wireless equipment revenues, and higher network-related costs. Additionally, depreciation increased from our continued fiber investment and network upgrades, partially offset by lower impacts from our Open RAN network modernization efforts. These increases were partially offset by expense declines from restructuring costs in the year-ago quarter and continued transformation efforts. Operating income was $6.5 billion, versus $5.8 billion in the year-ago quarter. When adjusting for certain items, adjusted operating income* was $6.5 billion, versus $6.3 billion in the year-ago quarter. Equity in net income of affiliates was $0.5 billion, versus $0.3 billion in the year-ago quarter, reflecting cash distributions received by AT&T in excess of the carrying amount of our investment in DIRECTV. Net income was $4.9 billion, versus $3.9 billion in the year-ago quarter. Net income attributable to common stock was $4.5 billion, versus $3.5 billion in the year-ago quarter. Earnings per diluted common share was $0.62, versus $0.49 in the year-ago quarter. Adjusting for $(0.08) which removes equity in net income of DIRECTV and excludes other items, adjusted earnings per diluted common share* was $0.54, versus $0.51 in the year-ago quarter. Adjusted EBITDA * was $11.7 billion, versus $11.3 billion in the year-ago quarter. Cash from operating activities was $9.8 billion, versus $9.1 billion in the year-ago quarter, reflecting operational growth and higher distributions from DIRECTV, partially offset by higher cash tax payments. Capital expenditures were $4.9 billion, versus $4.4 billion in the year-ago quarter. Capital investment * totaled $5.1 billion, versus $4.9 billion in the year-ago quarter. Cash payments for vendor financing totaled $0.2 billion, versus $0.6 billion in the year-ago quarter. Free cash flow, * which excludes cash flows from DIRECTV, was $4.4 billion, versus $4.0 billion in the year-ago quarter. Total debt was $132.3 billion at the end of the second quarter, and net debt * was $120.3 billion. Segment and Business Unit Results Communications segment revenues were $29.7 billion, up 3.9% year over year, with operating income up 0.9% year over year. Mobility service revenue grew 3.5% year over year driving EBITDA* growth of 3.2%. Postpaid phone net adds were 401,000 with postpaid phone ARPU up 1.1% year over year. Mobility Dollars in millions; Subscribers in thousands Second Quarter Percent Unaudited 2025 2024 Change Operating Revenues $ 21,845 $ 20,480 6.7 % Service 16,853 16,277 3.5 % Equipment 4,992 4,203 18.8 % Operating Expenses 14,914 13,761 8.4 % Operating Income 6,931 6,719 3.2 % Operating Income Margin 31.7 % 32.8 % (110) BP EBITDA* $ 9,487 $ 9,195 3.2 % EBITDA Margin* 43.4 % 44.9 % (150) BP EBITDA Service Margin* 56.3 % 56.5 % (20) BP Total Wireless Net Adds 3 289 997 Postpaid 479 593 Postpaid Phone 401 419 Postpaid Other 78 174 Prepaid Phone (34) 35 Postpaid Churn 1.02 % 0.85 % 17 BP Postpaid Phone-Only Churn 0.87 % 0.70 % 17 BP Prepaid Churn 2.64 % 2.57 % 7 BP Postpaid Phone ARPU $ 57.04 $ 56.42 1.1 % Mobility revenues were up 6.7% year over year driven by service revenue growth of 3.5% from postpaid phone average revenue per subscriber (ARPU) growth and subscriber gains, as well as equipment revenue growth of 18.8% from higher wireless device sales volumes. Operating expenses were up 8.4% year over year due to higher equipment expenses driven by higher wireless sales volumes and the sale of higher-priced devices. This increase also reflects higher network costs, higher advertising and promotion costs, and increased depreciation expense. Operating income was $6.9 billion, up 3.2% year over year. EBITDA * was $9.5 billion, up $292 million year over year. Business Wireline revenues declined year over year driven by continued secular pressures on legacy and other transitional services that were partially offset by growth in fiber and advanced connectivity services. Business Wireline revenues were down 9.3% year over year due to declines in legacy and other transitional services of 17.3%, partially offset by growth in fiber and advanced connectivity services of 3.5%. Operating expenses were down 3.0% year over year due to lower personnel and lower customer support costs associated with ongoing transformation initiatives, partially offset by higher depreciation expense due to ongoing investment for strategic initiatives such as fiber. Operating income was $(201) million, versus $102 million in the year-ago quarter, and EBITDA * was $1.3 billion, down $168 million year over year. Consumer Wireline achieved strong broadband revenue growth driven by an 18.9% increase in fiber revenue growth. Consumer Wireline also delivered positive broadband net adds for the eighth consecutive quarter, driven by 243,000 AT&T Fiber net adds and 203,000 AT&T Internet Air net adds. Consumer Wireline Dollars in millions; Subscribers in thousands Second Quarter Percent Unaudited 2025 2024 Change Operating Revenues $ 3,541 $ 3,347 5.8 % Operating Expenses 3,206 3,163 1.4 % Operating Income 335 184 82.1 % Operating Income Margin 9.5 % 5.5 % 400 BP EBITDA* $ 1,293 $ 1,098 17.8 % EBITDA Margin* 36.5 % 32.8 % 370 BP Broadband Net Adds 150 52 Fiber 243 239 Non Fiber (93) (187) AT&T Internet Air 203 139 Broadband ARPU $ 71.16 $ 66.17 7.5 % Fiber ARPU $ 73.26 $ 69.00 6.2 % Consumer Wireline revenues were up 5.8% year over year driven by broadband revenue growth of 10.5% due to fiber revenue growth of 18.9%, partially offset by declines in legacy voice and data services and other services. Operating expenses were up 1.4% year over year, primarily due to higher depreciation expense driven by fiber investment, higher network-related costs, and higher marketing costs, partially offset by lower customer support, lower costs associated with transformation initiatives, and lower content licensing costs. Operating income was $335 million, versus $184 million in the year-ago quarter, and EBITDA * was $1.3 billion, up $195 million year over year. Latin America segment revenues were down 4.4% year over year, primarily due to unfavorable impacts of foreign exchange rates, partially offset by higher equipment sales, and subscriber and ARPU growth. Operating expenses were down 8.1% due to the favorable impacts of foreign exchange rates, partially offset by higher equipment and selling costs resulting from higher sales. Operating income was $46 million compared to $6 million in the year-ago quarter. EBITDA* was $201 million, compared to $178 million in the year-ago quarter. 1 Locations reached with fiber include consumer and business locations: (i) passed with fiber, and (ii) served with fiber through commercial open-access providers. 2 Based on pension funded status at December 31, 2024. 3 Excludes migrations between wireless subscriber categories, including connected devices, and acquisition-related activity during the period. About AT&T We help more than 100 million U.S. families, friends and neighbors, plus nearly 2.5 million businesses, connect to greater possibility. From the first phone call 140+ years ago to our 5G wireless and multi-gig internet offerings today, we @ATT innovate to improve lives. For more information about AT&T Inc. (NYSE:T), please visit us at Investors can learn more at Cautionary Language Concerning Forward-Looking Statements Information set forth in this news release contains financial estimates and other forward-looking statements that are subject to risks and uncertainties, and actual results might differ materially. A discussion of factors that may affect future results is contained in AT&T's filings with the Securities and Exchange Commission. AT&T disclaims any obligation to update and revise statements contained in this news release based on new information or otherwise. Non-GAAP Measures and Reconciliations to GAAP Measures Schedules and reconciliations of non-GAAP financial measures cited in this document to the most comparable financial measures under generally accepted accounting principles (GAAP) can be found at and in our Form 8-K dated July 23, 2025. Adjusted diluted EPS, adjusted operating income, EBITDA, adjusted EBITDA, free cash flow, and net debt are non-GAAP financial measures frequently used by investors and credit rating agencies. Prior periods for free cash flow and adjusted diluted EPS have been recast to conform to the current period presentation to remove cash flows and equity in net income from our investment in DIRECTV. Adjusted diluted EPS is calculated by excluding from operating revenues, operating expenses, other income (expenses) and income tax expense, certain significant items that are non-operational or non-recurring in nature, including dispositions and merger integration and transaction costs, actuarial gains and losses, significant abandonments and impairments, benefit-related gains and losses, employee separation and other material gains and losses. Non-operational items arising from asset acquisitions and dispositions include the amortization of intangible assets. While the expense associated with the amortization of certain wireless licenses and customer lists is excluded, the revenue of the acquired companies is reflected in the measure and those assets contribute to revenue generation. We also adjust for net actuarial gains or losses associated with our pension and postemployment benefit plans due to the often-significant impact on our results (we immediately recognize this gain or loss in the income statement, pursuant to our accounting policy for the recognition of actuarial gains and losses). Consequently, our adjusted results reflect an expected return on plan assets rather than the actual return on plan assets, as included in the GAAP measure of income. The tax impact of adjusting items is calculated using the adjusted effective tax rate during the quarter except for adjustments that, given their magnitude, can drive a change in the effective tax rate; in these cases, we use the actual tax expense or combined marginal rate of approximately 25%. For 2Q25, adjusted EPS of $0.54 is diluted EPS of $0.62 minus $0.05 equity in net income of DIRECTV and minus $0.03 benefit-related, transaction, legal and other items. For 2Q24, adjusted EPS of $0.51 is diluted EPS of $0.49 adjusted for $0.05 restructuring and $0.01 benefit-related, transaction legal and other items, minus $0.04 equity in net income of DIRECTV. Transaction, legal and other costs include costs associated with legacy legal matters and the expected resolution of certain litigation associated with cyberattacks disclosed in 2024, which is presented net of expected insurance recoveries. The Company expects adjustments to 2025 reported diluted EPS to include a gain recognized on the sale of DIRECTV in 3Q25, an adjustment to remove equity in net income of DIRECTV (prior to the July 2, 2025 transaction close), a non-cash mark-to-market benefit plan gain/loss, and other items. The Company expects the mark-to-market adjustment, which is driven by interest rates and investment returns that are not reasonably estimable at this time, to be a significant item. Our projected 2025-2027 adjusted EPS depends on future levels of revenues and expenses, most of which are not reasonably estimable at this time. Accordingly, we cannot provide reconciliations between these projected non-GAAP metrics and the most comparable GAAP metrics without unreasonable effort. Adjusted operating income is operating income adjusted for revenues and costs we consider non-operational in nature, including items arising from asset acquisitions or dispositions. For 2Q25, adjusted operating income of $6.5 billion is calculated as operating income of $6.5 billion minus $12 million of adjustments. For 2Q24, adjusted operating income of $6.3 billion is calculated as operating income of $5.8 billion plus $520 million of adjustments. Adjustments for all periods are detailed in the Discussion and Reconciliation of Non-GAAP Measures included in our Form 8-K dated July 23, 2025. EBITDA is net income plus income tax, interest, and depreciation and amortization expenses minus equity in net income of affiliates and other income (expense) – net. Adjusted EBITDA is calculated by excluding from EBITDA certain significant items that are non-operational or non-recurring in nature, including dispositions and merger integration and transaction costs, significant abandonments and impairments, benefit-related gains and losses, employee separation and other material gains and losses. For 2Q25, adjusted EBITDA of $11.7 billion is calculated as net income of $4.9 billion, plus income tax expense of $1.2 billion, plus interest expense of $1.7 billion, minus equity in net income of affiliates of $0.5 billion, minus other income (expense) – net of $0.8 billion, plus depreciation and amortization of $5.3 billion, minus adjustments of $21 million. For 2Q24, adjusted EBITDA of $11.3 billion is calculated as net income of $3.9 billion, plus income tax expense of $1.1 billion, plus interest expense of $1.7 billion, minus equity in net income of affiliates of $0.3 billion, minus other income (expense) – net of $0.7 billion, plus depreciation and amortization of $5.1 billion, plus adjustments of $505 million. Adjustments for all periods are detailed in the Discussion and Reconciliation of Non-GAAP Measures included in our Form 8-K dated July 23, 2025. At the segment or business unit level, EBITDA is operating income before depreciation and amortization. EBITDA margin is EBITDA divided by total revenues. EBITDA service margin is EBITDA divided by total service revenues. Adjusted EBITDA estimates for 2025-2027, and Mobility EBITDA, Business Wireline EBITDA and Consumer Wireline EBITDA estimates for 2025 depend on future levels of revenues and expenses which are not reasonably estimable at this time. Accordingly, we cannot provide reconciliations between these projected non-GAAP metrics and the most comparable GAAP metrics without unreasonable effort. Free cash flow for 2Q25 of $4.4 billion is cash from operating activities of $9.8 billion, less cash distributions from DIRECTV classified as operating activities of $0.5 billion, less cash taxes paid on DIRECTV of $0.3 billion, minus capital expenditures of $4.9 billion and cash paid for vendor financing of $0.2 billion. For 2Q24, free cash flow of $4.0 billion is cash from operating activities of $9.1 billion, less cash distributions from DIRECTV classified as operating activities of $0.4 billion, less cash taxes paid on DIRECTV of $0.1 billion, minus capital expenditures of $4.4 billion and cash paid for vendor financing of $0.6 billion. Due to high variability and difficulty in predicting items that impact cash from operating activities, capital expenditures, and vendor financing payments, the Company is not able to provide reconciliations between projected free cash flow for 2025-2027 and the most comparable GAAP metrics without unreasonable effort. Capital investment provides a comprehensive view of cash used to invest in our networks, product developments, and support systems. In connection with capital improvements, we have favorable payment terms of 120 days or more with certain vendors, referred to as vendor financing, which are excluded from capital expenditures and reported as financing activities. Capital investment includes capital expenditures and cash paid for vendor financing ($0.2 billion in 2Q25, $0.6 billion in 2Q24). Due to high variability and difficulty in predicting items that impact capital expenditures and vendor financing payments, the Company is not able to provide reconciliations between projected capital investment for 2025-2027 and the most comparable GAAP metrics without unreasonable effort. Net debt of $120.3 billion at June 30, 2025, is calculated as total debt of $132.3 billion less cash and cash equivalents of $10.5 billion and time deposits (i.e. deposits at financial institutions that are greater than 90 days) of $1.5 billion. Discussion and Reconciliation of Non-GAAP Measures We believe the following measures are relevant and useful information to investors as they are part of AT&T's internal management reporting and planning processes and are important metrics that management uses to evaluate the operating performance of AT&T and its segments. Management also uses these measures as a method of comparing performance with that of many of our competitors. These measures should be considered in addition to, but not as a substitute for, other measures of financial performance reported in accordance with U.S. generally accepted accounting principles (GAAP). Prior periods have been recast to conform to the current period presentation to remove cash flows and equity in net income from our investment in DIRECTV, which we sold to TPG Capital on July 2, 2025. Free Cash Flow Free cash flow is defined as cash from operations minus cash flows related to our DIRECTV equity investment (cash distributions minus cash taxes from DIRECTV), minus capital expenditures and cash paid for vendor financing (classified as financing activities). Free cash flow after dividends is defined as cash from operations minus cash flows related to our DIRECTV equity investment, capital expenditures, cash paid for vendor financing and dividends on common and preferred shares. Free cash flow dividend payout ratio is defined as the percentage of dividends paid on common and preferred shares to free cash flow. We believe these metrics provide useful information to our investors because management views free cash flow as an important indicator of how much cash is generated by routine business operations, including capital expenditures and vendor financing, and makes decisions based on it. Management also views free cash flow as a measure of cash available to pay debt and return cash to shareowners. Cash Paid for Capital Investment In connection with capital improvements, we negotiate with some of our vendors to obtain favorable payment terms of 120 days or more, referred to as vendor financing, which are excluded from capital expenditures and reported in accordance with GAAP as financing activities. We present an additional view of cash paid for capital investment to provide investors with a comprehensive view of cash used to invest in our networks, product developments and support systems. Our calculation of EBITDA, as presented, may differ from similarly titled measures reported by other companies. For AT&T, EBITDA excludes other income (expense) – net, and equity in net income (loss) of affiliates, as these do not reflect the operating results of our subscriber base or operations that are not under our control. Equity in net income (loss) of affiliates represents the proportionate share of the net income (loss) of affiliates in which we exercise significant influence, but do not control. Because we do not control these entities, management excludes these results when evaluating the performance of our primary operations. EBITDA also excludes interest expense and the provision for income taxes. Excluding these items eliminates the expenses associated with our capital and tax structures. Finally, EBITDA excludes depreciation and amortization in order to eliminate the impact of capital investments. EBITDA does not give effect to cash used for debt service requirements and thus does not reflect available funds for distributions, reinvestment or other discretionary uses. EBITDA is not presented as an alternative measure of operating results or cash flows from operations, as determined in accordance with GAAP. EBITDA service margin is calculated as EBITDA divided by service revenues. These measures are used by management as a gauge of our success in acquiring, retaining and servicing subscribers because we believe these measures reflect AT&T's ability to generate and grow subscriber revenues while providing a high level of customer service in a cost-effective manner. Management also uses these measures as a method of comparing cash generation potential with that of many of its competitors. The financial and operating metrics which affect EBITDA include the key revenue and expense drivers for which management is responsible and upon which we evaluate performance. We believe EBITDA Service Margin (EBITDA as a percentage of service revenues) to be a more relevant measure than EBITDA Margin (EBITDA as a percentage of total revenue) for our Mobility business unit operating margin. We also use wireless service revenues to calculate margin to facilitate comparison, both internally and externally with our wireless competitors, as they calculate their margins using wireless service revenues as well. There are material limitations to using these non-GAAP financial measures. EBITDA, EBITDA margin and EBITDA service margin, as we have defined them, may not be comparable to similarly titled measures reported by other companies. Furthermore, these performance measures do not take into account certain significant items, including depreciation and amortization, interest expense, tax expense and equity in net income (loss) of affiliates. For market comparability, management analyzes performance measures that are similar in nature to EBITDA as we present it, and considering the economic effect of the excluded expense items independently as well as in connection with its analysis of net income as calculated in accordance with GAAP. EBITDA, EBITDA margin and EBITDA service margin should be considered in addition to, but not as a substitute for, other measures of financial performance reported in accordance with GAAP. EBITDA and Adjusted EBITDA Dollars in millions Second Quarter Six-Month Period 2025 2024 2025 2024 Net Income $ 4,861 $ 3,949 $ 9,553 $ 7,700 Additions: Income Tax Expense 1,237 1,142 2,536 2,260 Interest Expense 1,655 1,699 3,313 3,423 Equity in Net (Income) of Affiliates (485) (348) (1,925) (643) Other (Income) Expense - Net (767) (682) (1,222) (1,133) Depreciation and amortization 5,251 5,072 10,441 10,119 EBITDA 11,752 10,832 22,696 21,726 Transaction, legal and other costs 49 35 128 67 Benefit-related (gain) loss (70) (10) (64) (49) Asset impairments and abandonments and restructuring — 480 504 639 Adjusted EBITDA 1 $ 11,731 $ 11,337 $ 23,264 $ 22,383 1 See "Adjusting Items" section for additional discussion and reconciliation of adjusted items. Segment and Business Unit EBITDA, EBITDA Margin and EBITDA Service Margin Dollars in millions Second Quarter Six-Month Period 2025 2024 2025 2024 Communications Segment Operating Income $ 7,065 $ 7,005 $ 14,056 $ 13,750 Add: Depreciation and amortization 5,035 4,776 10,008 9,506 EBITDA $ 12,100 $ 11,781 $ 24,064 $ 23,256 Total Operating Revenues $ 29,699 $ 28,582 $ 59,259 $ 57,439 Operating Income Margin 23.8 % 24.5 % 23.7 % 23.9 % EBITDA Margin 40.7 % 41.2 % 40.6 % 40.5 % Mobility Operating Income $ 6,931 $ 6,719 $ 13,671 $ 13,187 Add: Depreciation and amortization 2,556 2,476 5,082 4,963 EBITDA $ 9,487 $ 9,195 $ 18,753 $ 18,150 Total Operating Revenues $ 21,845 $ 20,480 $ 43,415 $ 41,074 Service Revenues 16,853 16,277 33,504 32,271 Operating Income Margin 31.7 % 32.8 % 31.5 % 32.1 % EBITDA Margin 43.4 % 44.9 % 43.2 % 44.2 % EBITDA Service Margin 56.3 % 56.5 % 56.0 % 56.2 % Business Wireline Operating Income (Loss) $ (201) $ 102 $ (299) $ 166 Add: Depreciation and amortization 1,521 1,386 3,019 2,748 EBITDA $ 1,320 $ 1,488 $ 2,720 $ 2,914 Total Operating Revenues $ 4,313 $ 4,755 $ 8,781 $ 9,668 Operating Income Margin (4.7) % 2.1 % (3.4) % 1.7 % EBITDA Margin 30.6 % 31.3 % 31.0 % 30.1 % Consumer Wireline Operating Income $ 335 $ 184 $ 684 $ 397 Add: Depreciation and amortization 958 914 1,907 1,795 EBITDA $ 1,293 $ 1,098 $ 2,591 $ 2,192 Total Operating Revenues $ 3,541 $ 3,347 $ 7,063 $ 6,697 Operating Income Margin 9.5 % 5.5 % 9.7 % 5.9 % EBITDA Margin 36.5 % 32.8 % 36.7 % 32.7 % Latin America Segment Operating Income $ 46 $ 6 $ 89 $ 9 Add: Depreciation and amortization 155 172 305 349 EBITDA $ 201 $ 178 $ 394 $ 358 Total Operating Revenues $ 1,054 $ 1,103 $ 2,025 $ 2,166 Operating Income Margin 4.4 % 0.5 % 4.4 % 0.4 % EBITDA Margin 19.1 % 16.1 % 19.5 % 16.5 % Adjusting Items Adjusting items include revenues and costs we consider non-operational in nature, including items arising from asset acquisitions or dispositions, including the amortization of intangible assets. While the expense associated with the amortization of certain wireless licenses and customer lists is excluded, the revenue of the acquired companies is reflected in the measure and that those assets contribute to revenue generation. We also adjust for net actuarial gains or losses associated with our pension and postemployment benefit plans due to the often-significant impact on our results (we immediately recognize this gain or loss in the income statement, pursuant to our accounting policy for the recognition of actuarial gains and losses). Consequently, our adjusted results reflect an expected return on plan assets rather than the actual return on plan assets, as included in the GAAP measure of income. The tax impact of adjusting items is calculated using the adjusted effective tax rate during the quarter except for adjustments that, given their magnitude, can drive a change in the effective tax rate, in these cases we use the actual tax expense or combined marginal rate of approximately 25%. Adjusting Items Dollars in millions Second Quarter Six-Month Period 2025 2024 2025 2024 Operating Expenses Transaction, legal and other costs 1 $ 49 $ 35 $ 128 $ 67 Benefit-related (gain) loss (70) (10) (64) (49) Asset impairments and abandonments and restructuring — 480 504 639 Adjustments to Operations and Support Expenses (21) 505 568 657 Amortization of intangible assets 9 15 18 30 Adjustments to Operating Expenses (12) 520 586 687 Other Equity in net income of DIRECTV (503) (350) (1,926) (674) Benefit-related (gain) loss, impairments of investments and other (189) (16) (125) 238 Adjustments to Income Before Income Taxes (704) 154 (1,465) 251 Tax impact of adjustments (168) 35 (333) 57 Adjustments to Net Income $ (536) $ 119 $ (1,132) $ 194 Preferred stock redemption gain — — (90) — Adjustments to Net Income Attributable to Common Stock $ (536) $ 119 $ (1,222) $ 194 1 Includes costs associated with legacy legal matters and the expected resolution of certain litigation associated with cyberattacks disclosed in 2024, which is presented net of expected insurance recoveries. Adjusted Operating Income, Adjusted Operating Income Margin, Adjusted EBITDA, Adjusted EBITDA margin, Adjusted EBITDA service margin and Adjusted diluted EPS are non-GAAP financial measures calculated by excluding from operating revenues, operating expenses, other income (expense) and income tax expense, certain significant items that are non-operational or non-recurring in nature, including dispositions and merger integration and transaction costs, actuarial gains and losses, significant abandonments and impairments, benefit-related gains and losses, employee separation and other material gains and losses. Management believes that these measures provide relevant and useful information to investors and other users of our financial data in evaluating the effectiveness of our operations and underlying business trends. Adjusted Operating Income, Adjusted Operating Income Margin, Adjusted EBITDA, Adjusted EBITDA margin, Adjusted EBITDA service margin and Adjusted diluted EPS should be considered in addition to, but not as a substitute for, other measures of financial performance reported in accordance with GAAP. AT&T's calculation of Adjusted items, as presented, may differ from similarly titled measures reported by other companies. Adjusted Diluted EPS Second Quarter Six-Month Period 2025 2024 2025 2024 Diluted Earnings Per Share (EPS) $ 0.62 $ 0.49 $ 1.22 $ 0.96 Equity in net income of DIRECTV (0.05) (0.04) (0.21) (0.07) Restructuring and impairments — 0.05 0.05 0.11 Benefit-related, transaction, legal and other items (0.03) 0.01 (0.01) (0.01) Adjusted EPS $ 0.54 $ 0.51 $ 1.05 $ 0.99 Year-over-year growth - Adjusted 5.9 % 6.1 % Weighted Average Common Shares Outstanding with Dilution (000,000) 7,219 7,198 7,221 7,195 Net Debt to Adjusted EBITDA Net Debt to EBITDA ratios are non-GAAP financial measures frequently used by investors and credit rating agencies and management believes these measures provide relevant and useful information to investors and other users of our financial data. Our Net Debt to Adjusted EBITDA ratio is calculated by dividing the Net Debt by the sum of the most recent four quarters Adjusted EBITDA. Net Debt is calculated by subtracting cash and cash equivalents and deposits at financial institutions that are greater than 90 days (e.g., certificates of deposit and time deposits), from the sum of debt maturing within one year and long-term debt. Net Debt to Adjusted EBITDA - 2025 Dollars in millions Three Months Ended Sept. 30, Dec. 31, March 31, June 30, Four Quarters 2024 1 2024 1 2025 1 2025 Adjusted EBITDA $ 11,586 $ 10,791 $ 11,533 $ 11,731 $ 45,641 End-of-period current debt 9,254 End-of-period long-term debt 123,057 Total End-of-Period Debt 132,311 Less: Cash and Cash Equivalents 10,499 Less: Time Deposits 1,500 Net Debt Balance 120,312 Annualized Net Debt to Adjusted EBITDA Ratio 2.64 1 As reported in AT&T's Form 8-K filed April 23, 2025. Net Debt to Adjusted EBITDA - 2024 Dollars in millions Three Months Ended Sept. 30, Dec. 31, March 31, June 30, Four Quarters 2023 1 2023 1 2024 1 2024 1 Adjusted EBITDA $ 11,203 $ 10,555 $ 11,046 $ 11,337 $ 44,141 End-of-period current debt 5,249 End-of-period long-term debt 125,355 Total End-of-Period Debt 130,604 Less: Cash and Cash Equivalents 3,093 Less: Time Deposits 650 Net Debt Balance 126,861 Annualized Net Debt to Adjusted EBITDA Ratio 2.87 1 As reported in AT&T's Form 8-K filed April 23, 2025. Supplemental Operational Measures As a supplemental presentation to our Communications segment operating results, we are providing a view of our AT&T Business Solutions results which includes both wireless and fixed operations. This combined view presents a complete profile of the entire business customer relationship and underscores the importance of mobile solutions to serving our business customers. Our supplemental presentation of business solutions operations is calculated by combining our Mobility and Business Wireline operating units, and then adjusting to remove non-business operations. The following table presents a reconciliation of our supplemental Business Solutions results. Prior period amounts have been conformed to the current period's presentation. Supplemental Operational Measures Second Quarter June 30, 2025 June 30, 2024 Mobility Business Wireline Adj. 1 Business Solutions Mobility Business Wireline Adj. 1 Business Solutions Percent Change Operating Revenues Wireless service $ 16,853 $ — $ (14,390) $ 2,463 $ 16,277 $ — $ (13,809) $ 2,468 (0.2) % Legacy and other transitional services — 2,349 — 2,349 — 2,839 — 2,839 (17.3) % Fiber and advanced connectivity services — 1,793 — 1,793 — 1,732 — 1,732 3.5 % Wireless equipment 4,992 — (4,168) 824 4,203 — (3,459) 744 10.8 % Wireline equipment — 171 — 171 — 184 — 184 (7.1) % Total Operating Revenues 21,845 4,313 (18,558) 7,600 20,480 4,755 (17,268) 7,967 (4.6) % Operating Expenses Operations and support 12,358 2,993 (10,072) 5,279 11,285 3,267 (9,201) 5,351 (1.3) % EBITDA 9,487 1,320 (8,486) 2,321 9,195 1,488 (8,067) 2,616 (11.3) % Depreciation and amortization 2,556 1,521 (2,098) 1,979 2,476 1,386 (2,025) 1,837 7.7 % Total Operating Expenses 14,914 4,514 (12,170) 7,258 13,761 4,653 (11,226) 7,188 1.0 % Operating Income (Loss) $ 6,931 $ (201) $ (6,388) $ 342 $ 6,719 $ 102 $ (6,042) $ 779 (56.1) % Operating Income Margin 4.5 % 9.8 % (530) BP 1 Non-business wireless reported in the Communications segment under the Mobility business unit. Supplemental Operational Measures Six-Month Period June 30, 2025 June 30, 2024 Mobility Business Wireline Adj. 1 Business Solutions Mobility Business Wireline Adj. 1 Business Solutions Percent Change Operating Revenues Wireless service $ 33,504 $ — $ (28,592) $ 4,912 $ 32,271 $ — $ (27,417) $ 4,854 1.2 % Legacy and other transitional services — 4,824 — 4,824 — 5,836 — 5,836 (17.3) % Fiber and advanced connectivity services — 3,573 — 3,573 — 3,435 — 3,435 4.0 % Wireless equipment 9,911 — (8,304) 1,607 8,803 — (7,293) 1,510 6.4 % Wireline equipment — 384 — 384 — 397 — 397 (3.3) % Total Operating Revenues 43,415 8,781 (36,896) 15,300 41,074 9,668 (34,710) 16,032 (4.6) % Operating Expenses Operations and support 24,662 6,061 (20,178) 10,545 22,924 6,754 (18,727) 10,951 (3.7) % EBITDA 18,753 2,720 (16,718) 4,755 18,150 2,914 (15,983) 5,081 (6.4) % Depreciation and amortization 5,082 3,019 (4,160) 3,941 4,963 2,748 (4,058) 3,653 7.9 % Total Operating Expenses 29,744 9,080 (24,338) 14,486 27,887 9,502 (22,785) 14,604 (0.8) % Operating Income $ 13,671 $ (299) $ (12,558) $ 814 $ 13,187 $ 166 $ (11,925) $ 1,428 (43.0) % Operating Income Margin 5.3 % 8.9 % (360) BP 1 Non-business wireless reported in the Communications segment under the Mobility business unit. * Further clarification and explanation of non-GAAP measures and reconciliations to the most comparable GAAP measures can be found in the "Non-GAAP Measures and Reconciliations to GAAP Measures" section of the release and at © 2025 AT&T Intellectual Property. All rights reserved. AT&T and the Globe logo are registered trademarks of AT&T Intellectual Property.
Cision Canada
25 minutes ago
- Cision Canada
UniFirst honors Aldo Croatti's legacy through a people-first lens at 24th annual Founder's Day
WILMINGTON, Mass., July 23, 2025 /CNW/ -- UniFirst Corporation (NYSE:UNF), a North American leader in providing customized business uniform programs, facility service products and first aid and safety services, recently celebrated its 24th annual Founder's Day with a livestreamed leadership panel discussion on the Company's founding Core Values — Customer Focus, Commitment to Quality, and Respect for Others — inspiring its people-first strategy. Moderated by Catalina Dongo, Senior Vice President of Human Resources, and livestreamed across the Company's more than 270 locations across North, Central, and South America, the panel featured top executives — Steven Sintros, President and CEO; Kelly Rooney, Chief Operating Officer; Cynthia Croatti, Advisor, Board of Directors Member, and the daughter of UniFirst Founder Aldo Croatti; and David Katz, Executive Vice President of Sales & Marketing. Together, they discussed how the Core Values established by Mr. Croatti remain central to UniFirst's ongoing success and growth. This year's event also introduced the Cynthia Croatti Leadership Award, a new recognition designed to honor leaders who lead with vision, passion, and purpose. It is fitting that the inaugural recipient is Ms. Croatti herself, whose guidance over the past 4 decades has been instrumental in UniFirst's success and whose dedication to fostering a people-first culture has inspired Team Partners at every level. "Great leaders deserve special recognition," said Dongo during Founder's Day. "Cindy embodies everything this award represents. She leads with heart, empowers others, and uplifts everyone around her. Cindy is the heart and soul of UniFirst, and we're excited to celebrate her as the first recipient of this award." Ms. Croatti expressed her gratitude in a heartfelt response, saying, "This recognition is deeply meaningful to me because it embodies the values my father, Aldo Croatti, built this company on. My father always said, 'You're only as good as your people.' I see that truth reflected every day in the dedication and passion of our Team Partners. I'm incredibly honored, but more than anything, I'm grateful to carry forward my father's vision and to help shape a future where our Core Values continue to guide us all." Founder's Day also celebrated the exemplary contributions of UniFirst Team Partners through the annual Employee of the Year (EOY) recognition. Each location honored outstanding Team Partners who uphold the company's values and demonstrate extraordinary commitment to excellence. EOY recipients received a commemorative plaque, a thoughtful gift, and a bonus paid day off. Their names will be displayed at their respective locations in recognition of their achievement. "What distinguishes UniFirst from our competition is our people and the culture we've built together," said Steven Sintros, UniFirst President and CEO. "Congratulations to all our Employees of the Year for their outstanding contributions. I'm proud of the way our people always deliver for our customers, our company, and for each other." UniFirst also revealed the recipients of its higher-education scholarships, including the Aldo Croatti Scholarship and the Ronald D. Croatti Scholarship programs. The Aldo Croatti Scholarship, established to honor its namesake, supports the children of UniFirst Team Partners in achieving their academic aspirations. The Ronald D. Croatti Scholarship, named after the company's longtime president and CEO who passed away in 2017, provides financial assistance to full-time UniFirst Team Partners pursuing undergraduate or graduate education in areas such as information technology (IT), sales leadership, or business administration. Both programs reflect the company's continued dedication to investing in its people. For more information about UniFirst, please visit About UniFirst Headquartered in Wilmington, Mass., UniFirst Corporation (NYSE: UNF) is a North American leader in the supply and servicing of uniform and workwear programs, facility service products, as well as first aid and safety supplies and services. Together with its subsidiaries, the company also manages specialized garment programs for the cleanroom and nuclear industries. In addition to partnering with leading brands, UniFirst manufactures its own branded workwear, protective clothing, and floorcare products at its three company-owned ISO-9001-certified manufacturing facilities. With more than 270 service locations, over 300,000 customer locations, and 16,000-plus employee Team Partners, the company outfits more than 2 million workers every day. For additional information, contact UniFirst at 888.296.2740 or visit Follow UniFirst on Social Media: LinkedIn, Facebook, X, YouTube, Instagram.
Cision Canada
25 minutes ago
- Cision Canada
IsoEnergy and Purepoint Extend High-Grade Mineralization at the Dorado JV with a 70 Metre Step-Out Peaking at 110,800 CPS
TORONTO, July 23, 2025 /CNW / - IsoEnergy Ltd. (NYSE American: ISOU) (TSX: ISO) ("IsoEnergy") and Purepoint Uranium Group Inc. (TSXV: PTU) (OTC: PTUUF) ("Purepoint") are pleased to report continued strong results from drilling at their 50/50 Dorado joint venture project (" Dorado" or the " Project"), located in Saskatchewan's world-class Athabasca Basin (Figure 1). The most recent drill hole, PG25-07A, stepped out approximately 70 metres northeast of the "Nova Discovery" intercepts at the Q48 target area and returned stronger mineralization, with an average of 11,100 counts per second (CPS) measured on a Mount Sopris 2PGA-1000 downhole radiometric probe across a much wider interval of 14.0 metres, including a peak reading of 110,800 CPS. The recent Nova Discovery results further define the mineralized trend at the Q48 target as a steeply dipping, uranium-bearing structure hosted within the basement rocks, underscoring the potential scale and strength of the system emerging at Dorado. All assays from the current program, including holes PG25-04 and PG25-05, are pending on a rush basis and will be disclosed once available. Highlights PG25-07A intersected a continuation of the Nova Discovery uranium basement hosted mineralization approximately 70 metres northeast of PG25-05 and 60 metres below the unconformity, averaging 11,100 CPS over 14.0 metres with a peak of 110,100 CPS. The Nova Discovery mineralization at Q48 remains open to the northeast, the direction of increasing radioactivity, but wet marsh ground conditions currently prevent further drilling in that direction. Follow-up drilling is expected to resume this winter, when frozen ground allows for more efficient land-based access. The drill rig has now been mobilized to the Turaco target, located approximately 8 km northeast of the Q48 target within the Dorado project. Up to four holes are planned at Turaco as part of the 5,400-metre drill program approved by the joint venture partners for 2025. "The recent Nova Discovery results underscore just how much potential remains at Dorado," said Chris Frostad, President and CEO of Purepoint Uranium. "PG25-07A has successfully extended the Nova Discovery zone by 70 metres and delivered our strongest intercept to date, both in intensity and thickness based on radioactivity. The systematic way we've approached Q48 is paying off, and we expect the next phase of drilling will push this discovery even further." "The results from PG25-07A mark a significant leap forward for our new Nova discovery," added Philip Williams, CEO and Director of IsoEnergy. "This step-out hole shows that the mineralized structure continues northeast and that the grades and thickness are improving as we move along the trend. While we have had to pause advancement in this direction due to ground conditions, we are eager to return this winter to continue following what we believe is shaping up to be an exciting discovery." DDHs PG25-06 and PG25-07A Drill hole PG25-06 targeted the brittle fault associated with mineralization (Figure 1) at the unconformity approximately 20 metres northeast of initial drilling (Figure 2). The drill hole was collared with a dip of -64 degrees and encountered Athabasca sandstone to a depth of 316 metres. Granitic gneiss displaying paleoweathering alteration was drilled to 341 metres then generally unaltered granite, pegmatites and pelitic gneiss was drilled to the completion depth of 482 metres. Projection of the Nova Discovery zone mineralization suggests the radioactive sandstone interval of 1,040 cps over 2.3 metres in the Mount Sopris 2PGA-1000 downhole gamma probe (Table 1), which occurs within core lost between 312.4 to 314.0m, is related to the primary mineralized structure. Hole PG25-07A was collared from the PG25-04 drill pad and initial deviation resulted in a large 70 metre step out to the northeast of the PG25-05 mineralized intercept. The unconformity was intersected at a depth of 322 metres and the drill hole intercepted the radioactive structure approximately 40 metres up-dip of PG25-04. From the unconformity, granitic gneiss with pegmatitic intervals was encountered to a depth of 392 metres that was initially clay altered for 5 metres, weakly chlorite altered for 20 meters, unaltered for 36 metres, then became chloritized and silicified for 9 metres. Chloritized pelitic gneiss was drilled from 392 to 441 metres, unaltered graphitic and pyritic pelitic gneiss to 459 metres, followed by unaltered granitic gneiss and pegmatites with minor pelitic gneiss to the completion depth of 548 metres. The PG25-07A Nova zone mineralization starts within granitic gneiss at 382.3 metres and extends into pelitic gneiss to a depth of 396.3 metres returning an average of 11,100 cps over 14.0 metres. A primary mineralized structure of the Nova zone is hosted in sheared, reddish-brown altered granitic gneiss with pitchblende that returned an average of 82,300 cps over 0.6 metres with a peak of 110,800 cps. A second strongly mineralized interval occurs within lost pelitic gneiss core and returned an average of 46,000 cps over 0.4 metres. * See Qualified Person Statement below. Table 1: Downhole Gamma Results of Drill Holes PG25-06 and 07A Note: Mt. Sopris 2PGA probe used to record downhole gamma readings Q48 Target Area The Q48 zone lies within the southern portion of the Project and is characterized by a steeply dipping, north-south trending conductive package identified through geophysical surveys. Historic drilling in the area intersected strongly altered and structurally disrupted rocks at the unconformity and in the basement, including garnetiferous pelitic gneiss, graphitic pelitic gneiss, and semipelite, with local weak radioactivity and zones of intense clay alteration. These results, combined with the geophysical response, highlighted Q48 as a highly prospective but underexplored target. Drilling by IsoEnergy in 2022 confirmed that the conductive trend at Q48 hosts brittle faults, shears, and alteration, characteristics of uranium-bearing hydrothermal systems in the Athabasca Basin. The current program is designed to systematically follow-up and fully test the Q48 conductive corridor. Turaco Target Area The Turaco zone lies within the central portion of the Project and is characterized by a broad area with high conductivity. Although numerous geophysical surveys have been conducted, including airborne electromagnetics (VTEM), ground EM, induced polarization and gravity, previous drilling has failed to properly explain the interpreted EM conductors. A recent review of the geophysical results by Condor Consulting North of Vancouver, BC has selected alternative EM conductor picks that better explain the conductive responses and used Maxwell Modeling to accurately locate the position of discreet conductors. Drilling will commence at one of the high priority target areas identified by Condor. About the Dorado JV Project Dorado (Figure 3) is the flagship project of the IsoEnergy-Purepoint 50/50 joint venture, a partnership encompassing more than 98,000 hectares of prime uranium exploration ground. The Project includes the former Turnor Lake, Geiger, Edge, and Full Moon properties, all underlain by graphite-bearing lithologies and fault structures favorable for uranium deposition. Recent drilling by IsoEnergy east of the Hurricane Deposit has intersected strongly elevated radioactivity in multiple holes. The anomalous radioactivity confirms the continuity of fertile graphitic rock package and further highlights the opportunity for additional high-grade discoveries across the region. The shallow unconformity depths across the Dorado property—typically between 30 and 300 metres—allow for highly efficient drilling and rapid follow-up on results. * See Qualified Person Statement below. Gamma Logging and Geochemical Assaying A Mount Sopris 2PGA-1000 downhole total gamma probe was utilized for radiometric surveying. The total gamma results provided in Table 1 were selected using a cutoff of 500 cps over a 0.5 metre width. All drill intercepts are core width and true thickness is yet to be determined. Core samples are submitted to the Saskatchewan Research Council (SRC) Geoanalytical Laboratories in Saskatoon. The SRC facility is independent of IsoEnergy and PurePoint and is ISO/IEC 17025:2005 accredited by the Standards Council of Canada (scope of accreditation #537). The samples are analyzed for a multi-element suite using partial and total digestion inductively coupled plasma methods, for boron by Na2O2 fusion, and for uranium by fluorimetry. Qualified Person Statement The scientific and technical information contained in this news release relating to IsoEnergy and Purepoint was reviewed and approved by Dr. Dan Brisbin, IsoEnergy's Vice President, Exploration and Scott Frostad BSc, MASc, Purepoint's Vice President, Exploration, who are "Qualified Persons" (as defined in NI 43-101 – Standards of Disclosure for Mineral Projects ("NI 43-101")). For additional information with respect to the current mineral resource estimate for IsoEnergy's Hurricane Deposit, please refer to the Technical Report prepared in accordance with NI 43-101 entitled "Technical Report on the Larocque East Project, Northern Saskatchewan, Canada" dated August 4, 2022, available under IsoEnergy's profile at This news release refers to properties other than those in which IsoEnergy and Purepoint have an interest. Mineralization on those other properties is not necessarily indicative of mineralization on the Joint Venture properties. About IsoEnergy Ltd. IsoEnergy (NYSE American: ISOU; TSX: ISO) is a leading, globally diversified uranium company with substantial current and historical mineral resources in top uranium mining jurisdictions of Canada, the U.S. and Australia at varying stages of development, providing near-, medium- and long-term leverage to rising uranium prices. IsoEnergy is currently advancing its Larocque East project in Canada's Athabasca basin, which is home to the Hurricane deposit, boasting the world's highest-grade indicated uranium mineral resource. IsoEnergy also holds a portfolio of permitted past-producing, conventional uranium and vanadium mines in Utah with a toll milling arrangement in place with Energy Fuels. These mines are currently on standby, ready for rapid restart as market conditions permit, positioning IsoEnergy as a near-term uranium producer. About Purepoint Purepoint Uranium Group Inc. (TSXV: PTU) (OTCQB: PTUUF) is a focused explorer with a dynamic portfolio of advanced projects within the renowned Athabasca Basin in Canada. Highly prospective uranium projects are actively operated on behalf of partnerships with industry leaders including Cameco Corporation, Orano Canada Inc. and IsoEnergy Ltd. Additionally, the Company holds a promising VMS project currently optioned to and strategically positioned adjacent to and on trend with Foran Mining Corporation's McIlvenna Bay project. Through a robust and proactive exploration strategy, Purepoint is solidifying its position as a leading explorer in one of the globe's most significant uranium districts. Neither the Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Exchange) accepts responsibility for the adequacy or accuracy of this Press release. Cautionary Statement Regarding Forward-Looking Information This press release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or state that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved". This forward-looking information may relate to additional planned exploration activities, including the timing thereof and the anticipated results thereof; and any other activities, events or developments that the companies expect or anticipate will or may occur in the future. Forward-looking statements are necessarily based upon a number of assumptions that, while considered reasonable by management at the time, are inherently subject to business, market and economic risks, uncertainties and contingencies that may cause actual results, performance or achievements to be materially different from those expressed or implied by forward-looking statements. Such assumptions include, but are not limited to, that planned exploration activities are completed as anticipated; the anticipated costs of planned exploration activities, the price of uranium; that general business and economic conditions will not change in a materially adverse manner; that financing will be available if and when needed and on reasonable terms; and that third party contractors, equipment and supplies and governmental and other approvals required to conduct the Joint Venture's planned activities will be available on reasonable terms and in a timely manner. Although each of IsoEnergy and Purepoint have attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Such statements represent the current views of IsoEnergy and Purepoint with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by IsoEnergy and Purepoint, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Risks and uncertainties include but are not limited to the following: the inability of the Joint Venture to complete the exploration activities as currently contemplated; ; uncertainty of additional financing; no known mineral resources or reserves; aboriginal title and consultation issues; reliance on key management and other personnel; actual results of technical work programs and technical and economic assessments being different than anticipated; regulatory determinations and delays; stock market conditions generally; demand, supply and pricing for uranium; and general economic and political conditions. Other factors which could materially affect such forward-looking information are described in the risk factors in each of IsoEnergy's and Purepoint's most recent annual management's discussion and analyses or annual information forms and IsoEnergy's and Purepoint's other filings with the Canadian securities regulators which are available, respectively, on each company's profile on SEDAR+ at IsoEnergy and Purepoint do not undertake to update any forward-looking information, except in accordance with applicable securities laws. SOURCE IsoEnergy Ltd.
