Western Highways Traffic Safety Enhances Roadway Safety Nationwide
Western Highways Traffic Safety Products, headquartered in Fresno, California, continues to establish itself as a prominent national provider of customized Truck-Mounted Attenuator (TMA) trucks, comprehensive repair services, and personalized financing solutions. Founded by industry veteran Russ Johnson, Western Highways is built on a foundation of reliability, innovation, and dedicated customer support.
Specializing in creating highly customized traffic safety vehicles, Western Highways ensures each TMA truck is uniquely built to meet specific customer requirements. The company partners as an authorized dealer with leading manufacturers such as TrafFix Devices, maker of the widely recognized Scorpion II TMA, and Verdegro, creator of the innovative Blade TMA. These partnerships allow Western Highways to offer clients industry-leading safety equipment tailored precisely to their operational demands.
The Scorpion II TMA, manufactured by TrafFix Devices, is well-known for its superior impact absorption capabilities, making it a preferred choice for heavy-duty highway safety applications. Meanwhile, Verdegro's Blade TMA represents a technologically advanced, electric-powered solution, delivering quieter operations ideal for urban or noise-sensitive environments. Western Highways expertly integrates these TMAs onto new or used trucks, fully customized to match the unique specifications required by individual clients, contractors, municipalities, and road safety agencies.
Recognizing that every customer's needs differ, Western Highways prides itself on its ability to transform both new and used trucks into specialized safety vehicles. The company's highly skilled technicians collaborate closely with customers to ensure every TMA truck, whether based on a brand-new chassis or refurbished from existing fleet inventory, aligns exactly with operational requirements, budget considerations, and regional safety standards.
Beyond customization, Western Highways provides expert repair and maintenance services designed to maximize the longevity and reliability of traffic safety equipment. Their comprehensive service network ensures rapid response times, keeping downtime to a minimum for clients nationwide. With additional locations strategically placed in Selma, California, and Springtown, Texas, the company maintains prompt support for clients across the United States.
Understanding the financial challenges that clients may face, Western Highways offers flexible and customized financing solutions, including leasing and rental options. This commitment to affordability ensures that even organizations with limited budgets can access top-quality, essential safety equipment without undue financial strain, making safety solutions more accessible to operations of all sizes.
Under the trusted leadership of Russ Johnson, whose extensive background includes founding and growing SafetyNetworkInc into a significant resource within the safety equipment industry, Western Highways places an unwavering emphasis on quality, innovation, and customer satisfaction. Johnson's vision and experience continue to drive the company's growth and position it as a trusted name in roadway safety.
Western Highways Traffic Safety Products is committed to providing reliable, customized, and efficient solutions that keep roads and work zones safe nationwide.
Phone: (559) 394-7762
City: Fresno
State: CA
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Yahoo
12-08-2025
- Yahoo
The Marketing Alliance Announces Financial Results for Fiscal First Quarter Ended June 30, 2025
ST. LOUIS, Aug. 12, 2025 (GLOBE NEWSWIRE) -- The Marketing Alliance, Inc. (OTC: MAAL) ('TMA' or the 'Company'), announced its financial results today for its fiscal 2026 first quarter ended June 30, 2025. Q1 2026 Financial Key Items (all comparisons to the prior year quarter) Revenues from operations were $4,859,890 compared to $4,458,043, an increase of over 9% Operating income from continuing operations of $250,266 compared to $48,856 in the prior year quarter Net income was $275,624 or $0.04 per share in the quarter compared to ($49,853) or ($0.01) per share in the prior year quarter During the quarter on April 2, the Company announced that its Board of Directors had authorized a share repurchase program to repurchase up to 800,000 shares of the Company's issued and outstanding common stock, effective immediately and concluding March 31, 2026. Repurchases under the program may be made through privately negotiated transactions when the Company is contacted directly or open market transactions (please see the Company's April 2, 2025, press release for more information and important disclosures). The press release is available on the Company's website. Management Comments Timothy M. Klusas, TMA's Chief Executive Officer, commented, 'We were pleased with our start to this fiscal year. We continued to invest in the insurance distribution business and its growth. We pursued many projects in the quarter, and these have the potential to show promise in future quarters. Further, as our business continues to evolve, in a previous quarter (ending December 2024) we elected to acknowledge the changing nature of our reimbursement and marketing revenues by recognizing them over their respective projected project lives (often the calendar year) instead of when agreed and billed. Historically the company had treated non-refundable reimbursement and marketing fee revenue from carriers as earned when the agreed upon amount was invoiced. We acknowledged any timing differences of these payments as deferred revenue on the balance sheet. We continued to treat reimbursement and marketing revenue as a time-duration item and allocated revenue throughout its respective period. The construction business benefitted from cost control efforts and discipline in bidding and project selection. Our team felt our results reflected a very disciplined approach to only undertaking jobs that were economically profitable with respect to our capabilities.' First Quarter Fiscal Year 2026 Financial Review Revenues were $4,859,890 compared to $4,458,043 in the prior year quarter due to growth in both the insurance distribution business and the construction business. Net operating revenue (gross profit) for the quarter was $968,792 compared to net operating revenue of $848,631 in the prior year quarter. Operating expenses were less this quarter than the prior year quarter, $718,526 compared to $799,775. An increase in compensation expense was offset by a decrease in office and administrative expense, as the Company hired employees that were previously its outsourced bookkeeping and administrative staff. The Company reported operating income from continuing operations of $250,266 compared to $48,856, in the prior year period, with differences due to factors discussed above. Operating EBITDA (excluding investment portfolio income) of $296,612 was an increase from the prior year quarter of $123,607. A note reconciling operating EBITDA to operating income can be found at the end of this release. Investment gain (loss), net (from non-operating investment portfolio) for the quarter was $102,582 as compared with (37,220) in the previous year quarter. Net income was $275,624, or $0.04 per share, compared to ($49,853) or ($0.01) per share in the previous year quarter. During the quarter, on April 2, the Company announced that its Board of Directors had authorized a share repurchase program to repurchase up to 800,000 shares of the Company's issued and outstanding common stock, effective immediately and concluding March 31, 2026. As of August 7, the Company had repurchased 200,880 shares under this program. The April 2 announcement follows the successful completion of an 800,000 share repurchase program announced in October 2024 and completed March 2025. Balance Sheet Information TMA's balance sheet on June 30, 2025, reflected cash and cash equivalents of $2.1 million; working capital of $5.2 million; and shareholders' equity of $5.6 million; compared to cash and cash equivalents of $2.1 million, working capital of $4.5 million, and shareholders' equity of $6.3 million as of June 30, 2024. As announced in the previous quarterly release, during this quarter the Company repaid a $1,912,882 note (payable) in full at its maturity in June. The proceeds to satisfy the note were previously in restricted cash and cash and cash equivalents. About The Marketing Alliance, Inc. Headquartered in St. Louis, MO, TMA provides support to independent insurance brokerage agencies, with a goal of integrating insurance and 'insuretech' engagement platforms to provide members value-added services on a more efficient basis than they can achieve individually. Investor information can be accessed through the shareholder section of TMA's website at: TMA's common stock is quoted on the OTC Markets ( under the symbol 'MAAL'. Forward Looking StatementInvestors are cautioned that forward-looking statements involve risks and uncertainties that may affect TMA's business and prospects. Examples of forward-looking statements include, among others, statements we make regarding our expectations of growth based upon our investments in our business, our recently announced stock repurchase program, our plans to reduce expenses, and our ability to undertake more suitable jobs and generate earnings from our construction business. Any forward-looking statements contained in this press release represent our estimates, expectations or intentions only as of the date hereof, or as of such earlier dates as are indicated, and should not be relied upon as representing our views as of any subsequent date. These statements involve a number of risks and uncertainties, including, but not limited to, expectations of the economic environment, material adverse changes in economic conditions in the markets we serve and in the general economy; the ways that insurance carriers may react in their underwriting policies and procedures to the continuing risks they perceive from public health matters; our reliance on a limited number of insurance carriers and any potential termination of those relationships or failure to develop new relationships; privacy and cyber security matters and our ability to protect confidential information; future state and federal regulatory actions and conditions in the states in which we conduct our business; our ability to work with carriers on marketing, distribution and product development; pricing and other payment decisions and policies of the carriers in our insurance distribution business, changes in the public securities markets that affect the value of our investment portfolio; and weather and environmental conditions in the areas served by our construction business. While we may elect to update forward-looking statements at some point in the future, we specifically disclaim any obligation to do so. Contact:The Marketing Alliance, M. Klusas, President(314) 275-8713 tklusas@ -OR- The Equity Group Hellman, Vice President(212) 836-9626jhellman@ CONSOLIDATED STATEMENTS OF OPERATIONS Three Months Ended June 30, 2025 2024 Insurance commission and fee revenue $ 4,680,304 $ 4,360,591 Construction revenue 179,586 97,452 Total revenues 4,859,890 4,458,043 Insurance distributor related expenses: Distributor bonuses and commissions 3,190,482 3,021,403 Business processing and distributor costs 519,626 391,395 Depreciation 864 2,921 3,710,972 3,415,719 Costs of construction: Direct and indirect costs of construction 139,626 131,431 Depreciation 40,500 62,262 180,126 193,693 Total costs of revenues 3,891,098 3,609,412 Net operating revenue 968,792 848,631 General and administrative expenses: 718,526 799,775 Operating income from continuing operations 250,266 48,856 Other income (expense): Other - 4,938 Investment gains (losses), net 102,582 (37,220 ) Interest (17,824 ) (43,327 ) Income from continuing operations before provision for income taxes 335,024 (26,753 ) Income tax expense 59,400 23,100 Net Income $ 275,624 $ (49,853 ) Average Shares Outstanding 7,324,234 8,110,266 Operating Income from continuing operations per Share $ 0.03 $ 0.01 Net Income per Share $ 0.04 $ (0.01 )CONSOLIDATED BALANCE SHEETS Three Months Ended June 30, 2025 2024 CURRENT ASSETS Cash and cash equivalents $ 2,063,636 $ 2,126,142 Equity securities 2,182,601 2,703,556 Restricted cash - 573,841 Accounts receivable 8,438,307 6,835,969 Current portion of notes receivable - 545,211 Prepaid expenses and other current assets 222,645 250,589 Total current assets 12,907,188 13,035,308 PROPERTY AND EQUIPMENT, net 607,938 758,935 OTHER ASSETS Notes receivable, net due to the allowance - 63,614 Restricted cash - 1,524,081 Operating lease right-of-use assets 571,594 143,110 Total other assets 571,594 1,730,805 $ 14,086,720 $ 15,525,048 LIABILITIES AND SHAREHOLDERS' EQUITY CURRENT LIABILITIES Accounts payable and accrued expenses 6,639,088 5,489,269 Deferred Revenue 773,456 117,662 Current portion of notes payable 115,872 2,782,111 Current portion of finance lease liability - 26,431 Current portion of operating lease liability 157,244 86,213 Liabilities related to discontinued operations 677 677 Total current liabilities 7,686,338 8,502,363 LONG-TERM LIABILITIES Notes payable, net of current portion and debt issuance costs 206,536 285,270 Finance lease liability, net of current portion - 103,199 Operating lease liability, net of current portion 419,620 53,103 Deferred taxes 149,200 313,000 Total long-term liabilities 775,356 754,572 Total liabilities 8,461,694 9,256,935 COMMITMENTS AND CONTINGENCIES SHAREHOLDERS' EQUITY Common stock, no par value; 50,000,000 shares authorized, 8,110,266 shares issued and outstanding June 30, 2024 7,324,234 shares issued and outstanding June 30, 2025 1,141,270 1,025,341 Treasury Stock (1 ) - Retained earnings 4,483,758 5,242,772 Total shareholders' equity 5,625,027 6,268,113 $ 14,086,720 $ 15,525,048 Note – Operating EBITDA (excluding investment portfolio income) Three Months Ended June 30, 2025 2024 Operating Income from Continuing Operations $ 250,266 $ 48,856 Add: Depreciation/Amortization Expense $ 46,346 $ 74,751 EBITDA (Excluding Investment Portfolio Income) $ 296,612 $ 123,607 The Company elects not to include investment portfolio income because the Company believes it is non-operating in nature. The Company uses Operating EBITDA as a measure of operating performance. However, Operating EBITDA is not a recognized measurement under U.S. generally accepted accounting principles, or GAAP, and when analyzing its operating performance, investors should use Operating EBITDA in addition to, and not as an alternative for, income as determined in accordance with GAAP. Because not all companies use identical calculations, its presentation of Operating EBITDA may not be comparable to similarly titled measures of other companies and is therefore limited as a comparative measure. Furthermore, as an analytical tool, Operating EBITDA has additional limitations, including that (a) it is not intended to be a measure of free cash flow, as it does not consider certain cash requirements such as tax payments; (b) it does not reflect changes in, or cash requirements for, its working capital needs; and (c) although depreciation and amortization are non-cash charges, the assets being depreciated and amortized often will have to be replaced in the future, and Operating EBITDA does not reflect any cash requirements for such replacements, or future requirements for capital expenditures or contractual commitments. To compensate for these limitations, the Company evaluates its profitability by considering the economic effect of the excluded expense items independently as well as in connection with its analysis of cash flows from operations and through the use of other financial measures. The Company believes Operating EBITDA is useful to an investor in evaluating its operating performance because it is widely used to measure a company's operating performance without regard to certain non-cash or unrealized expenses (such as depreciation and amortization) and expenses that are not reflective of its core operating results over time. The Company believes Operating EBITDA presents a meaningful measure of corporate performance exclusive of its capital structure, the method by which assets were acquired, and non-cash charges and provides additional useful information to measure performance on a consistent basis, particularly with respect to changes in performance from period to in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
12-08-2025
- Yahoo
Telecom Argentina S.A. Announces Consolidated Results for the First Half ("1H25") and Second Quarter of Fiscal Year 2025 ("2Q25")
Market Cap (NYSE:TEO): US$ 4,346.14 million1 Note: 1H25 figures include the effects of the adoption of inflationary accounting in accordance with IAS 29. Therefore, comments regarding 1H25 results and changes in 1H24 results mentioned in this press release correspond to "restated for inflation" or "constant" figures. The comments corresponding to the consolidated results for 1H25 include the results of Telefónica Móviles Argentina ("TMA") for the four-month period from March 1 to June 30, 2025, unless otherwise specified. For analysis purposes, it is important to highlight that the comparative results (June 2024) reflect the year-over-year effect of inflation through June 2025, which reached 39.4%. Additionally, the consolidated results for 1H25 include four months of contributions from TMA, which were not present in the comparative period 1H24. During 1H25, consolidated revenues totaled P$3,357,004 million. Service revenues reached P$3,160,986 million in 1H25, with the following breakdown: Telecom (excluding TMA): +3.8% vs. 1H24 (vs. -11.7% in real terms in 1H24 vs. 1H23). TMA: +7.5% vs. 1H24. It is worth noting that Telecom does not determine TMA's commercial or pricing policies. Consolidated: +44.2% vs. 1H24, including four months of TMA revenues not present in the comparative consolidated period (1H24). During 1H25, the customer base in Argentina showed positive evolution: Telecom (excluding TMA): Although total mobile accesses declined by 1.3%, reaching 20.9 million, postpaid accesses grew by 1.1%. Pay TV subscribers also increased, totaling 3.2 million in the period (+71 thousand or +2.3% vs. 1H24). Lastly, the fixed broadband segment registered a 1.5% increase in the customer base, totaling 4.1 million accesses (+60 thousand vs. 1H24). TMA: Total mobile accesses (including M2M) reached 19.3 million (+464 thousand or +2.5% vs. 1H24). Meanwhile, fixed broadband accesses totaled 1.6 million (+90 thousand or +6.0% vs. 1H24). Lastly, pay TV subscribers amounted to 0.4 million in the same period (-27 thousand or -6.1% vs. 1H24). During 1H25, consolidated Operating Income before Depreciation, Amortization, and Impairment of Fixed Assets ("Operating Income before D, A & I") totaled P$1,007,153 million (+45.9% vs 1H24, due to the contribution of 4 months of TMA), resulting in a consolidated margin of 30.0% (+0.3 p.p. vs 1H24). Telecom's margin (excluding TMA) was 32.5% (+2.8 p.p. vs 1H24). During 1H25, the Company recorded a consolidated net loss of P$75,554 million (vs. a profit of P$1,197,930 million in 1H24). This was mainly due to a loss recorded in net financial results (vs. a gain in 1H24), partially offset by stronger operating results and a lower income tax loss. Consolidated CAPEX (excluding additions from rights of use) represented 14.3% of consolidated revenues in 1H25. Consolidated Net Financial Debt totaled P$4,029,971 million as of June 30, 2025, increasing in real terms (+38.2% in constant currency vs. December 31, 2024). This increase was mainly driven by the financing obtained for the acquisition of TMA. (1) Market capitalization as of August 8, 2025(2) Unaudited non-financial information BUENOS AIRES, ARGENTINA / ACCESS Newswire / August 11, 2025 / Telecom Argentina S.A. ("Telecom Argentina", "Telecom" or the "Company") - (NYSE:TEO)(BYMA:TECO2), announced today a consolidated Net Loss of P$75,554 million for the six-month period ended June 30, 2025. The consolidated Net Loss attributable to the Controlling Company amounted to P$83,792 million. (in million P$ adjusted by inflation, except where noted)* IAS 29 IAS 29 As of June 30, As of June 30, 2025 2024 Δ $ Δ % Consolidated Revenues 3,357,004 2,324,104 1,032,900 44.4 % Consolidated Operating Income before D, A & I 1,007,153 690,258 316,895 45.9 % Consolidated Operating Income (loss) 176,027 (86,575 ) 262,602 - Consolidated Net Income (loss) before income tax expense (41,081 ) 1,701,945 (1,743,026 ) -102.4 % Consolidated Net Income (loss) attributable to Controlling Company (83,792 ) 1,187,416 (1,271,208 ) -107.1 % Consolidated Shareholders' equity attributable to Controlling Company 6,224,353 6,462,808 (238,455 ) -3.7 % Consolidated Net Financial Debt (4,029,971 ) (3,052,220 ) (977,751 ) 32.0 % Consolidated Investments in PP&E, intangible assets & rights of use assets ** 220,409 226,835 (6,426 ) -2.8 % Telecom Fixed lines in service (in thousand lines) *** 2,728 2,755 (27 ) -1.0 % Mobile customers (in thousand) 23,594 23,629 (35 ) -0.1 % Personal (Argentina) 20,935 21,212 (278 ) -1.3 % N??cleo (Paraguay) -including Wimax customers- 2,660 2,417 243 10.0 % Broadband accesses in Argentina (in thousand) 4,111 4,051 60 1.5 % Pay TV Subscribers (Includes Argentina, Uruguay and Paraguay - in thousand) 3,396 3,335 62 1.9 % Average Revenue per user (ARPU) Mobile Services (in P$ - Restated by inflation) 7,444.0 6,613.4 830.6 12.6 % Average Revenue per user (ARPU) Broadband (in P$ - Restated by inflation) 23,755.4 22,354.9 1,400.5 6.3 % Average Revenue per user (ARPU) Pay TV (in P$ - Restated by inflation) 16,297.1 15,473.0 824.1 5.3 % Telefónica Móviles Argentina (TMA) Fixed lines in service (in thousand lines) *** 2,118 2,173 (55 ) -2.5 % Mobile customers (in thousand) 19,272 18,807 464 2.5 % Prepaid + Postpaid (excluding M2M) 16,513 16,336 177 1.1 % Machine-to-machine (M2M) 2,759 2,472 287 11.6 % Broadband accesses (in thousand) 1,586 1,496 90 6.0 % Pay TV Subscribers (in thousand) 409 435 (27 ) -6.1 % Average Revenue per user (ARPU) Mobile Services (in P$ - Restated by inflation) 7,187.7 6,602.7 585.0 8.9 % Average Revenue per user (ARPU) Broadband (in P$ - Restated by inflation) 21,410.5 18,527.4 2,883.1 15.6 % Average Revenue per user (ARPU) Pay TV (in P$ - Restated by inflation) 20,421.3 16,062.1 4,359.2 27.1 % * Figures may not add up due to rounding.** In constant currency - includes additions from rights of use as of June 30, 2025 for P$92,053 million and as of June 30, 2024 for P$127,366 million.*** Telecom figures include IP telephony lines, which totaled approximately 2.05 million and 1.69 million as of June 30, 2025 and June 30, 2024, respectively. TMA figures include IP telephony lines, which totaled approximately 1.50 million and 1.35 million as of June 30, 2025 and June 30, 2024, respectively.****ARPUs in constant currency as of June 30, 2025, were calculated by applying the corresponding average inflation index to the historical ARPU of each segment. Comparative figures for the previous fiscal year have been restated by inflation so that the resulting information is presented in terms of the current measurement unit as of June 30, 2025. The following table shows the evolution of the national consumer price index (National CPI - according to INDEC's official statistics) as of December 31, 2024, and as of June 30, 2024 and 2025: As of June 30, 2024 As of December 31, 2024 As of June 30, 2025 Annual 271.5% 117.8% 39.4% 3-month cumulative (since March) 18.6% n/a 6.0% During 1H25, consolidated revenues reached P$3,357,004 million, with consolidated service revenues totaling P$3,160,986 million. In 1H25, consolidated service revenue performance showed an improvement relative to inflation, as described as follows: Telecom (excluding TMA): +3.8% vs. 1H24 (vs. -11.7% in real terms in 1H24 vs. 1H23). TMA: +7.5% vs. 1H24. It is worth noting that Telecom does not determine TMA's commercial or pricing policies. Consolidated: +44.2% vs. 1H24, including four months of TMA revenues not present in the comparative consolidated period (1H24). Consolidated Revenues Mobile Services As of June 30, 2025, total subscribers of Telecom (excluding TMA) in Argentina and Paraguay reached 23.6 million, while TMA subscribers totaled 19.3 million. In 1H25, consolidated mobile service revenues amounted to P$1,604,897 million (+P$667,424 million or +71.2% vs. 1H24), positioning mobile services as the Company's main business in terms of service revenues (representing 50.8% and 42.8% of service revenues in 1H25 and 1H24, respectively). Mobile internet revenues accounted for 98% and 93% of total mobile service revenues in 1H25 and 1H24, respectively. Excluding the impact of TMA's consolidation in mobile service revenues, the 10.2% increase for Telecom (excluding TMA) was mainly driven by a higher ARPU. Mobile Services in Argentina As of June 30, 2025, Telecom's mobile subscribers in Argentina (excluding TMA) totaled approximately 20.9 million (-278 thousand or -1.3% vs. 1H24). During 1H25, the full impact of the change in the disconnection policy for prepaid lines due to inactivity-implemented in July 2024-was recorded. This change reduced the number of days without top-ups required for line deactivation and largely explains the 2.8% decline in the prepaid base. Meanwhile, the postpaid base increased by 1.1% vs. 1H24. As of June 30, 2025, postpaid accesses represented 39% of total mobile accesses. As of June 30, 2025, TMA's mobile subscribers totaled approximately 19.3 million (+464 thousand or +2.5% vs. 1H24), including M2M-type accesses totaling 2.8 million (+287 thousand or +11.6%). The postpaid base increased by 3.1% vs. 1H24, while the prepaid base grew by 1.9%. As of June 30, 2025, postpaid accesses represented 48% of total mobile accesses. TMA's average monthly churn stood at 1.6% in 1H25 (vs. 2.0% average in 1H24). In 1H25, consolidated mobile service revenues in Argentina reached P$1,532,029 million (+P$684,175 million or +80.7% vs. 1H24). This increase was primarily driven by the consolidation of TMA's results in 1H25, which totaled P$572,126 million. Excluding the impact of TMA's consolidation, the growth was mainly attributable to a 12.6% real increase in ARPU. The average monthly revenue per user ("ARPU") for Telecom (excluding TMA) was P$7,444.0 in 1H25 (+12.6% in real terms vs. 1H24). The effect of restatement to the current measuring unit as of June 30, 2025 included in ARPU amounted to P$375.3 and P$2,514.6 in 1H25 and 1H24, respectively. Average monthly churn stood at 2.1% in 1H25 (vs. 1.6% average in 1H24). The average monthly revenue per user ("ARPU") for TMA was P$7,187.7 in 1H25 (+8.9% in real terms vs. 1H24). The effect of restatement to the current measuring unit as of June 30, 2025 included in ARPU amounted to P$367.2 and P$2,551.2 in 1H25 and 1H24, respectively. Personal in Paraguay ("Núcleo") As of June 30, 2025, Núcleo's subscriber base totaled 2.7 million, increasing 10.1% compared to 1H24. Of the total accesses, 72% corresponded to the prepaid segment and 28% to the postpaid segment, whereas as of June 30, 2024, prepaid accesses represented 74% and postpaid accesses 26%. Average monthly churn stood at 2.3% in 1H25 vs. 2.6% in 1H24. During 1H25, mobile service revenues in Paraguay reached P$72,868 million, decreasing in real terms (-P$16,751 million vs. 1H24). This decline was driven by a reduction in ARPU, measured in constant pesos, partially offset by the appreciation of the guaraní against the Argentine peso and by growth in the customer base. Internet Services Consolidated internet service revenues reached P$744,556 million in 1H25, growing in real terms (+P$161,678 million or +27.7% vs. 1H24). Telecom's subscriber base (excluding TMA) reached 4.1 million subscribers (+60 thousand or +1.5% vs. 1H24) during 1H25. The monthly churn rate for internet services stood at 1.2% and 1.9% as of June 30, 2025 and 2024, respectively. The revenue increase was mainly driven by the consolidation of TMA's results in 1H25, which totaled P$131,955 million. Excluding the impact of TMA's consolidation, the 5.1% increase for Telecom (excluding TMA) was primarily due to higher ARPU and subscriber growth. TMA's subscriber base reached 1.6 million (+90 thousand or +6.0% vs. 1H24) during 1H25. The average monthly churn rate for internet services as of June 30, 2025 was 2.0% (vs. 1.8% in 1H24). In 1H25, Telecom's broadband ARPU (excluding TMA), expressed in constant currency as of June 30, 2025, reached P$23,755.4 (+6.3% in real terms vs. 1H24). The effect of restatement to current measurement units as of June 30, 2025 included in ARPU amounted to P$1,216.4 and P$8,483.1 for 1H25 and 1H24, respectively. Additionally, in 1H25, TMA's broadband ARPU, expressed in constant currency as of June 30, 2025, reached P$21,410.5 (+15.6% in real terms vs. 1H24). The effect of restatement to current measurement units as of June 30, 2025 included in ARPU amounted to P$1,093.8 and P$7,158.8 for 1H25 and 1H24, respectively. As of June 30, 2025, accesses with internet speeds of 100 Mbps or higher represented 92% of the total subscriber base (vs. 86% as of June 30, 2024). Cable TV Services Consolidated revenues from cable television services reached P$386,699 million in 1H25 (+P$47,827 million or +14.1% vs. 1H24). The number of TV subscribers for Telecom (excluding TMA), including Uruguay and Paraguay, totaled 3.4 million (+62 thousand or +1.9% vs. 1H24). TV subscribers for TMA amounted to 0.4 million (-27 thousand or -6.1% vs. 1H24). The positive revenue variation in Argentina was mainly driven by the consolidation of TMA's results in 1H25, which contributed P$34,110 million. Excluding the impact of TMA's consolidation, the 4.0% increase for Telecom (excluding TMA) was primarily due to a 5.3% increase in ARPU and a 1.9% growth in the customer base compared to 1H24. The subscriber base in Argentina for Telecom (excluding TMA) reached 3.2 million accesses as of June 30, 2025, reflecting a 2.3% increase vs. 1H24. This growth was supported by Flow Full and Flow Flex products, the latter being fully digital (no decoder or installation required). Of this customer base, 1.6 million were subscribed to Flow, and Premium subscriptions totaled 1.2 million as of 1H25, increasing 2.1% vs. 1H24. Flow continues to strengthen its positioning in the entertainment segment, enhancing customer experience through services such as the recent launch of Flow+ (a flexible entertainment offering that includes two interchangeable subscriptions every 30 days among Pack Fútbol, HBO, Disney+ Premium, and Universal+, all under a single plan). The monthly TV ARPU for Telecom (excluding TMA), expressed in constant currency as of June 30, 2025, reached P$16,297.1 in 1H25 (+5.3% in real terms vs. 1H24). The inflation adjustment effect included in ARPU amounted to P$435.5 and P$5,746.3 for 1H25 and 1H24, respectively. Meanwhile, the monthly TV ARPU for TMA, expressed in constant currency as of June 30, 2025, reached P$20,421.3 in 1H25 (+27.1% in real terms vs. 1H24). The inflation adjustment effect included in ARPU amounted to P$1,043.2 and P$6,206.2 for 1H25 and 1H24, respectively. The average monthly churn rate for cable TV was 1.5% for Telecom (excluding TMA) as of June 30, 2025, compared to 1.8% as of June 30, 2024. For TMA, churn stood at 4.0% and 3.3% as of June 30, 2025 and 2024, respectively. Fixed Telephony and Data Services Consolidated revenues from fixed voice and data services reached P$394,652 million in 1H25 (+P$86,097 million or +27.9% vs. 1H24). The variation in Argentina is mainly explained by the consolidation of TMA's results in 1H25, which amounted to P$147,177 million. The real-term decline of 19.8% in the fixed voice and data segment for Telecom (excluding TMA) is primarily due to the evolution of the exchange rate lagging behind inflation, in a context where most data segment contracts are indexed to the exchange rate. Additionally, fixed voice revenues increased below inflation, and the segment also experienced a decline in its customer base. Telecom's fixed telephony customer base (excluding TMA) totaled 2.7 million in 1H25, of which 2.0 million correspond to IP line customers. TMA's telephony customer base reached 2.1 million, with 1.5 million being IP line customers. Other Service Revenues Consolidated revenues from other service revenues, which primarily include revenues related to fintech services, billing and collection services on behalf of third parties, administrative fees, and advertising space sales, among others, reached P$30,182 million (+P$5,448 million or +22.0% vs. 1H24). The main variation was driven by the increase in fintech services in Argentina, primarily due to the growth in usage of the Personal Pay digital wallet and the rise in the number of users, which reached 4.2 million in 1H25 vs. 2.9 million in 1H24. Revenues from equipment sales Consolidated equipment sales revenues totaled P$196,018 million (+P$64,426 million or +49.0% vs. 1H24). This variation was mainly driven by the consolidation of TMA's results in 1H25, which amounted to P$72,266 million, while equipment sales for Telecom (excluding TMA) declined by 6.0% in real terms. Consolidated Operating Costs Consolidated Operating Costs including Depreciation, Amortization and Impairment of Fixed Assets amounted to P$3,180,977 million in 1H25 (+P$770,298 million or +32.0% vs. 1H24). Excluding Depreciation, Amortization and Impairment of Fixed Assets, consolidated operating costs increased by P$716,005 million or 43.8% in real terms during the same period. Operating costs for 1H25 include P$730,835 million, corresponding to the consolidation of TMA. The cost breakdown was as follows: Labor costs and severance payments totaled P$803,339 million in 1H25 (+P$253,405 million or +46.1% vs. 1H24). The increase was mainly driven by the consolidation of TMA's results in 1H25, which contributed P$252,997 million. Total headcount reached 19,469 employees as of June 30, 2025. Interconnection and transmission costs, which also include roaming, correspondent services, and line and circuit rentals, amounted to P$94,450 million in 1H25 (+P$20,065 million or +27.0% vs. 1H24). The increase was mainly driven by the consolidation of TMA's results in 1H25, which contributed P$52,568 million. Excluding the impact of TMA's consolidation, the decrease was primarily due to optimization in the use of links and sites and lower traffic volumes. Fees for services, maintenance, and materials: P$425,083 million in 1H25 (+P$105,849 million or +33.2% vs. 1H24). The increase was mainly driven by the consolidation of TMA's results in 1H25, which contributed P$121,613 million. Excluding the impact of TMA's consolidation, the decrease was mainly due to improved efficiencies, with lower maintenance and material costs and reduced service fees compared to 1H24. Taxes, fees, and regulatory charges: P$289,138 million (+P$108,836 million or +60.4% vs. 1H24). Regulatory costs in 1H25 include P$92,523 million corresponding to TMA. Commissions and advertising (agents, collection commissions, and other fees): Charges totaled P$182,714 million in 1H25 (+P$61,886 million or +51.2% vs. 1H24). The increase was mainly driven by the consolidation of TMA's results in 1H25, which contributed P$58,241 million. Cost of equipment sold totaled P$147,926 million in 1H25 (+P$44,968 million or +43.7% vs. 1H24). This variation was mainly driven by the consolidation of TMA's results in 1H25, which contributed P$53,751 million. Programming and content costs: P$163,277 million (+P$33,077 million or +25.4% vs. 1H24). Programming and content costs in 1H25 include P$18,243 million corresponding to TMA. Other costs totaled P$243,924 million (+P$87,919 million or +56.4% vs. 1H24), including bad debt expenses which amounted to P$66,223 million (+P$17,031 million or +34.6% vs. 1H24). Bad debt expenses in 1H25 include P$20,924 million corresponding to TMA. The charge for bad debt continued to show a favorable trend: it represented 2.0% of total revenues as of June 30, 2025 (vs. 2.1% in 1H24). Other operating costs, which include litigation and contingency charges, energy and other utilities, insurance, rentals, and internet capacity, among others, amounted to P$177,701 million (+P$70,888 million or +66.4% vs. 1H24). TMA's contribution to 1H25 totaled P$59,975 million. Depreciation, amortization, and impairment of fixed assets: totaled P$831,126 million (+P$54,293 million or +7.0% vs. 1H24). The charge for the period includes P$196,700 million corresponding to the consolidation of TMA and reflects the impact of amortizations from additions after June 30, 2024, partially offset by the effect of assets that reached the end of their useful life after that date. Net Financial Results Net financial results (including financial debt costs and other net financial results) showed a consolidated loss of P$215,364 million in 1H25 (vs. a gain of P$1,792,664 million in 1H24). This variation was mainly driven by: In millions of $ 1H25 1H24 Δ $ Exchange differences (71,786 ) 1,952,666 (2,024,452 ) RECPAM 61,065 108,005 (46,940 ) Fair value gains/(losses) on financial assets at fair value through profit or loss (30,730 ) (21,020 ) (9,710 ) Remeasurement in borrowings* 1,533 (103,189 ) 104,722 Net interest (110,485 ) (62,601 ) (47,884 ) Others (64,961 ) (81,197 ) 16,236 Total (215,364 ) 1,792,664 (2,008,028 ) *Related to Notes issued in UVA The variation in consolidated net financial results in 1H25 was mainly explained by a higher loss from foreign exchange differences, measured in real terms, of P$2,024,452 million. This was driven by inflation of 15.1% versus a 16.8% appreciation of the U.S. dollar against the Argentine peso (vs. inflation of 79.8% and a 12.8% appreciation of the U.S. dollar in 1H24). Additionally, there were higher financial debt interest expenses of P$56,856 million due to increased borrowing, partially offset by higher gains from loan adjustments of P$104,722 million, resulting from the maturity of UVA-denominated notes, which reduced the outstanding principal balance and, consequently, the associated financial charges. Income Tax Telecom's income tax includes the following effects: the current income tax, determined based on the current tax legislation applicable to Telecom, the effect of applying the deferred tax method with respect to temporary differences determined by comparing our asset and liability valuation according to tax and financial accounting criteria which includes the effect of the income tax inflation adjustment. Consolidated income tax resulted in a loss of P$34,473 million in 1H25 (vs. a loss of P$504,015 million in 1H24). Current income tax losses amounted to P$223,343 million in 1H25 (vs. a loss of P$7,721 million in 1H24), while the effect of deferred income tax in 1H25 was a gain of P$188,870 million (vs. a loss of P$496,294 million in 1H24). Consolidated Net Financial Debt As of June 30, 2025, our net financial debt (cash, cash equivalents - net of Client Funds - plus financial investments and financial NDF* minus loans) is negative and amounted to P$4,029,971 million, which represents an increase of P$1,113,767 when compared to the net financial debt as of December 31, 2024, restated by inflation. This increase was mainly driven by the financing obtained for the acquisition of TMA. * Contemplates rate swaps and NDF (non-delivery forwards) agreements. Investments in PP&E, intangible assets and rights of use assets As of June 30, 2025, consolidated CAPEX (additions of PP&E and intangible assets) totaled P$481,189 million (+53.7% vs. 1H24). Including additions from rights of use, total investments amounted to P$573,242 million, of which P$132,492 million correspond to TMA. The investments were focused on: Expansion of both fixed and mobile data services to improve transmission and access speed offered to customers, the deployment of 4G coverage and capacity, and continued expansion of 5G to support mobile internet growth and enhance service quality. Deployment and modernization of 4G mobile access sites to improve coverage and increase mobile network capacity. The 4G/LTE rollout reached 98% population coverage. According to the latest benchmark conducted by Ookla in June 2025, our mobile network customers with access to our 4G network experienced improved service quality, reaching average speeds of 86 Mbps, compared to 55 Mbps in the same period in 2024. During the first months of 2025, we continued expanding our 5G network with the addition of 218 sites. Additionally, we continued deploying mobile site connectivity to improve quality and capacity by replacing radio links with high-capacity fiber optic connections. Relevant financial events of the period TAX Matters - TMA On May 15, 2025, our subsidiary Telefónica Móviles Argentina S.A. (TMA) paid P$83,070,480,057 to the tax authorities in respect of taxes and compensatory interest arising from its acquisition by Telecom Argentina on February 24, 2025. This payment was made because the two-year period required by tax regulations for the merger by absorption of Telefónica Argentina S.A. (TASA) into TMA to be considered tax-free had not yet elapsed. International Notes Issuance - Clase 24 A key milestone in the first half of the year was the successful international issuance of Class 24 Notes by the Company in May, totaling US$800 million. Details are as follows: Class Currency Principal Nominal Amount Issue Date Maturity Date Principal Amortization Interest Rate Interest Payment (in millions) 24 US$ 800 May 28, 2025 May 28, 2033 50% on May 28, 2032 50% on May 28, 2033 9,25% (9,5% Yield*) Semiannual * Issue price: 98.682% of the Notes' Nominal Value Bank Loans - TMA Acquisition On May 29, 2025, the Company applied the proceeds from the Class 24 Notes to: (i) Prepay US$650 million in principal and US$0.3 million in interest under the Syndicated Loan (equivalent to P$782,177 million in constant currency as of June 30, 2025) and, (ii) Prepay US$134 million in principal and US$0.1 million in interest under the Bilateral Loan (equivalent to P$161,002 million in constant currency as of June 30, 2025). As of June 30, the remaining balance of these loans totaled P$433,897 million. Entity Currency Initial Principal Amount Residual Principal Amount Maturity Date Principal Amortization Interest Rate Applicable Margin Interest Payment (in millions) (in millions) Syndicated (1) US$ 970 320 02/2029 Bullet at maturity Variable: SOFR 3M Between 4.00% -7.00% Quarterly Bilateral (2) US$ 200 66 Between 02/2028 -02/2030 Semiannual from 02/2028 Variable: SOFR 3M 4.00% Quarterly (1) Syndicated Loan granted by Banco Bilbao Vizcaya Argentaria S.A., Deutsche Bank AG London Branch, and Banco Santander S.A.(2) Bilateral Loan granted by Industrial and Commercial Bank of China (Argentina) S.A.U. Regulatory Matters - TMA Acquisition On June 19, 2025, the Company was notified of a Resolution issued by the Secretary of Industry and Commerce, through which it was informed of the Technical Report issued by the CNDC, considered as the preliminary objection report under Article 14 of Law No. 27,442. This report does not constitute a final decision nor the imposition of sanctions, but rather a formal stage of the proceeding that enables the parties to exercise their right to defense, submit responses, or propose commitments to mitigate potential anticompetitive effects. Accordingly, pursuant to the aforementioned resolution, the Secretary of Industry and Commerce granted a 15-day period for the Company to submit any comments it deemed appropriate regarding the preliminary objection report and/or, if deemed suitable, to offer potential remedies. To that end, a special hearing was also convened, the date of which will be set by the CNDC in due course. The Company believes that the aforementioned objection report was issued and notified prematurely, at an early stage of the process, without having all the necessary information and without the full completion of the approval stages established under the competition law. In this regard, the Company disagrees with the preliminary conclusions set forth in the report and has focused on analyzing all the statements made by the CNDC therein, as well as preparing all relevant submissions and technical data in response (including information included in the F2 form, which was recently submitted and is pending review by the CNDC). On August 5, 2025, the Company responded in a timely and proper manner to the transfer of the Preliminary Objection Report issued by the CNDC. Along with this submission, and without this being interpreted in any way as an acknowledgment that the transaction raises a competition defense issue, the Company expressed its willingness to assume possible commitments that address the provisional concerns outlined in the Preliminary Objection Report which, if accepted by the CNDC and implemented by the Company, could constitute feasible remedies to such concerns. The Company estimates that, under reasonable and normal market conditions, none of these proposed remedies would have a significant adverse effect on the Company's business nor impair its ability to meet its financial obligations. For further information, refer to Note 16 of the financial statements as of June 30, 2025. Relevant events after June 30, 2025 Local Notes Issuance - Class 25 and 26 Class Currency Principal Nominal Amount Issue Date Maturity Date Principal Amortization Interest Rate Interest Payment (in millions) 5 US$ 50.5 07/2025 07/2027 Bullet at maturity 7.50% Quarterly 26 P$ 57,961.8 07/2025 07/2026 Bullet at maturity TAMAR + 4% Quarterly Tap of International Notes - Class 24 In July 2025, the Company successfully reopened its Class 24 Notes for an amount of US$200 million, increasing the outstanding amount of the Notes to US$1,000 million. The placement achieved a yield of 8.80%, lower than that obtained in the original issuance. Class Currency Principal Nominal Amount Issue Date Maturity Date Principal Amortization Interest Rate Interest Payment (in millions) Additional 24 US$ 200 July 29, 2025 May 28, 2033 - 50% on May 28, 2032- 50% on May 28, 2033 9.25% (8.80% yield*) Semiannual *Issue price: 102.369% of the Notes' Nominal Value As of June 30, 2025, Telecom Argentina owns 2,153,688,011 issued and outstanding shares. For more information, please contact Investor Relations: Luis Fernando Rial Ubagolfrialubago@ Tomás Pellicoritlpellicori@ For information about Telecom Argentina's services, visit: Disclaimer This document may contain statements that could constitute forward-looking statements, including, but not limited to (i) the Company's expectations for its future performance, revenues, income, earnings per share, capital expenditures, dividends, liquidity and capital structure; (ii) the continued synergies expected from the merger between the Company and Cablevisión S.A. (or the Merger); (iii) the implementation of the Company's business strategy; (iv) the changing dynamics and growth in the telecommunications and cable markets in Argentina, Paraguay, Uruguay and the United States; (v) the Company's outlook for new and enhanced technologies; (vi) the effects of operating in a competitive environment; (vii) the industry conditions; (viii) the outcome of certain legal proceedings; and (ix) regulatory and legal developments. Forward-looking statements may be identified by words such as "anticipate," "believe," "estimate," "expect," "intend," "plan," "project," "will," "may" and "should" or other similar expressions. Forward-looking statements are not guarantees of future performance and involve certain risks and uncertainties that are difficult to predict. In addition, certain forward-looking statements are based upon assumptions as to future events that may not prove to be accurate. Many factors could cause actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements that may be expressed or implied by forward-looking statements. These factors include, among others: (i) the Company's ability to successfully implement our business strategy and to achieve synergies resulting from the Merger; (ii) the Company's ability to introduce new products and services that enable business growth; (iii) uncertainties relating to political and economic conditions in Argentina, Paraguay, Uruguay and the United States, including the policies of the new government in Argentina; (iv) the impact of political developments, including the policies of the new government in Argentina, on the demand for securities of Argentine companies; (v) inflation, the devaluation of the peso, the Guaraní and the Uruguayan peso and exchange rate risks in Argentina, Paraguay and Uruguay; (vi) restrictions on the ability to exchange Argentine or Uruguayan pesos or Paraguayan guaraníes into foreign currencies and transfer funds abroad; (vii) the impact of currency and exchange measures or restrictions on our ability to access the international markets and our ability to repay our dollar-denominated indebtedness; (viii) the creditworthiness of our actual or potential customers; (ix) the nationalization, expropriation and/or increased government intervention in companies; (x) technological changes; (xi) the impact of legal or regulatory matters, changes in the interpretation of current or future regulations or reform and changes in the legal or regulatory environment in which the Company operates, including regulatory developments such as sanctions regimes in other jurisdictions (e.g., the United States) which impact on the Company's suppliers; (xii) the effects of increased competition; (xiii) reliance on content produced by third parties; (xiv) increasing cost of the Company's supplies; (xv) inability to finance on reasonable terms capital expenditures required to remain competitive; (xvi) fluctuations, whether seasonal or in response to adverse macro-economic developments, in the demand for advertising; (xvii) the Company's ability to compete and develop our business in the future; (xviii) the impact of increased national or international restrictions on the transfer or use of telecommunications technology; and (xix) the impact of the outbreak of COVID-19 on the global economy and specifically on the economies of the countries in which we operate, as well as on our operations and financial performance. Many of these factors are macroeconomic and regulatory in nature and therefore beyond the control of the Company's management. Should one or more of these risks or uncertainties materialize, or underlying assumptions prove incorrect, actual results may vary materially from those described herein as anticipated, believed, estimated, expected, intended, planned or projected. The Company does not intend and does not assume any obligation to update the forward-looking statements contained in this document. These forward-looking statements are based upon a number of assumptions and other important factors that could cause our actual results, performance or achievements to differ materially from our future results, performance or achievements expressed or implied by such forward-looking statements. Readers are encouraged to consult the Company's Annual Report on Form 20-F and the periodic filings made on Form 6-K, which are periodically filed with or furnished to the United States Securities and Exchange Commission, as well as the presentations periodically filed before the Argentine Securities and Exchange Commission (Comisión Nacional de Valores) and the Buenos Aires Stock Exchange (Bolsas y Mercados Argentinos), for further information concerning risks and uncertainties faced by the Company. SOURCE: Telecom Argentina S.A. View the original press release on ACCESS Newswire Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
27-06-2025
- Business Wire
Omeros Submits Narsoplimab Marketing Authorization Application to the European Medicines Agency for the Treatment of TA-TMA
SEATTLE--(BUSINESS WIRE)--Omeros Corporation (Nasdaq: OMER) today announced the recent submission of a Marketing Authorization Application (MAA) to the European Medicines Agency (EMA) for narsoplimab for the treatment of hematopoietic stem cell transplant-associated thrombotic microangiopathy (TA-TMA). The MAA includes response-based analyses in narsoplimab-treated TA-TMA patients as well as analyses comparing overall survival between narsoplimab-treated patients and a well-matched external control group. Collectively, the results demonstrate a 61% response rate and, compared to the matched external control, a three-fold improvement in overall survival. The submission also includes outcomes in over 130 TA-TMA patients treated with narsoplimab under Omeros' expanded access program. Narsoplimab has been granted orphan drug designation by the EMA for treatment in hematopoietic stem cell transplant, enabling review of the MAA through the centralized procedure. This allows for a single marketing authorization to cover all EU member states and the European Economic Area countries of Iceland, Liechtenstein and Norway. The review procedure begins in mid-July and will follow a standard review timeline. The Committee for Medicinal Products for Human Use (CHMP) will conduct the scientific assessment and will issue an opinion at the end of the review. This opinion is typically adopted by the European Commission, with a final decision expected in mid-2026. The MAA submission follows the acceptance for review by the U.S. Food and Drug Administration (FDA) of the resubmission of the Biologics License Application (BLA) for narsoplimab for the treatment of TA-TMA. The resubmission was assigned a Prescription Drug User Fee Act (PDUFA) target action date of September 25, 2025. About Narsoplimab Narsoplimab, also known as 'OMS721,' is an investigational fully human monoclonal antibody targeting mannan-binding lectin-associated serine protease-2 (MASP-2), a novel pro-inflammatory protein target and the effector enzyme of the lectin pathway of complement. Importantly, inhibition of MASP-2 has been demonstrated to leave intact the antibody-dependent classical complement activation pathway, which is a critical component of the acquired immune response to infection. A biologics license application (BLA) for use of narsoplimab in the treatment of hematopoietic stem cell transplant-associated thrombotic microangiopathy (TA-TMA) is under review by the U.S. Food and Drug Administration (FDA) and Omeros has submitted the corresponding European MAA. FDA has granted narsoplimab breakthrough therapy and orphan drug designations for TA-TMA and orphan drug status for the prevention (inhibition) of complement-mediated thrombotic microangiopathies. The European Medicines Agency has granted orphan drug designation to narsoplimab for treatment in hematopoietic stem-cell transplant. About Hematopoietic stem cell transplant-associated thrombotic microangiopathy (TA-TMA) Hematopoietic stem cell transplant-associated thrombotic microangiopathy (TA-TMA) is a significant and often lethal complication of stem cell transplantation. This condition is a systemic, multifactorial disorder caused by endothelial cell damage induced by conditioning regimens, immunosuppressant therapies, infection, graft-versus-host disease, and other factors associated with stem cell transplantation. Endothelial damage, which activates the lectin pathway of complement, plays a central role in the development of TA-TMA. The condition occurs in both autologous and allogeneic transplants but is more common in the allogeneic population. In the United States and Europe, approximately 30,000 allogeneic transplants are performed annually. Recent reports in both adult and pediatric allogeneic stem cell transplant populations have found an approximately 40-percent incidence of TA-TMA, and high-risk features may be present in up to 80 percent of these patients. In severe cases of TA-TMA, mortality can exceed 90 percent and, even in those who survive, long-term renal sequalae (e.g., dialysis) are common. There is no approved therapy or standard of care for TA-TMA. About Omeros Corporation Omeros is an innovative biopharmaceutical company committed to discovering, developing and commercializing first-in-class small-molecule and protein therapeutics for large-market and orphan indications targeting immunologic disorders, including complement-mediated diseases and cancers, as well as addictive and compulsive disorders. Omeros' lead MASP-2 inhibitor narsoplimab targets the lectin pathway of complement and is the subject of a biologics license application under review by FDA for the treatment of hematopoietic stem cell transplant-associated thrombotic microangiopathy. Omeros' long-acting MASP-2 inhibitor OMS1029 has successfully completed Phase 1 single- and multiple-ascending dose clinical studies. OMS906, Omeros' inhibitor of MASP-3, the key activator of the alternative pathway of complement, is in clinical development for paroxysmal nocturnal hemoglobinuria and complement 3 glomerulopathy. Funded by the National Institute on Drug Abuse, Omeros' lead phosphodiesterase 7 inhibitor OMS527 is in clinical development for the treatment of cocaine use disorder. Omeros also is advancing a broad portfolio of novel cellular and molecular immuno-oncology programs. For more information about Omeros and its programs, visit Forward-Looking Statements This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, which are subject to the 'safe harbor' created by those sections for such statements. All statements other than statements of historical fact are forward-looking statements, which are often indicated by terms such as 'aim,' 'anticipate,' 'believe,' 'could,' 'estimate,' 'expect,' 'goal,' 'intend,' 'likely,' 'look forward to,' 'may,' 'objective,' 'plan,' 'potential,' 'predict,' 'project,' 'should,' 'slate,' 'target,' 'will,' 'would' and similar expressions and variations thereof. Forward-looking statements, including statements regarding the anticipated review process and timing of FDA action on the resubmitted BLA for narsoplimab in the United States, the anticipated review process and timing of EMA action on the MAA submission, the prospects for obtaining FDA or EMA approval of narsoplimab in any indication, and expectations regarding the sufficiency and availability of our capital resources to fund current and planned operations, including the potential commercialization of narsoplimab if it is approved by FDA or the EMA, are based on management's beliefs and assumptions and on information available to management only as of the date of this press release. Omeros' actual results could differ materially from those anticipated in these forward-looking statements for many reasons, including, without limitation, unfavorable or unexpected regulatory conclusions or interpretations related to the clinical data, external registry data, statistical analyses or other information and data included in the narsoplimab BLA or narsoplimab MAA, inability to respond satisfactorily to information requests during regulatory review of the narsoplimab BLA or MAA, potential differences between the diagnostic criteria used in our pivotal trial and in the external registry, and whether FDA and the EMA determine the registry used in our statistical analysis is sufficiently representative of TA-TMA patients, unanticipated or unexpected outcomes or requirements of regulatory processes in relevant jurisdictions, our financial condition and results of operations, including our ability to raise additional capital for our operations on favorable terms or at all, regulatory processes and oversight, challenges associated with manufacture or supply of our products to support clinical trials, regulatory inspections and/or commercial sale following any marketing approval, changes in reimbursement and payment policies by government and commercial payers or the application of such policies, intellectual property claims, competitive developments, litigation, and the risks, uncertainties and other factors described under the heading 'Risk Factors' in our Annual Report on Form 10-K filed with the Securities and Exchange Commission on March 31, 2025 and in subsequent reports filed with the Securities and Exchange Commission. Given these risks, uncertainties and other factors, you should not place undue reliance on these forward-looking statements, and we assume no obligation to update these forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law.
