Latest news with #FY2026
Cision Canada
22-07-2025
- Business
- Cision Canada
Else Nutrition Applauds Pivotal U.S. Legislative Support for Plant-Based, Non-Soy, Non-Dairy Infant Formula Innovation
House Appropriations Committee Champions Greater Nutritional Choice and Market Access for U.S. Families FDA Directed to Streamline Approval Pathways for Plant-Based Infant Formulas, Positioning Else Nutrition to Capitalize on Legislative Momentum and Rising Consumer Demand VANCOUVER, BC, July 22, 2025 /CNW/ - ELSE NUTRITION HOLDINGS INC. (TSX: BABY) (OTCQX: BABYF) (FSE: 0YL.F) ("Else" or the"Company"), a global leader in wholefood, plant-pased childhood nutrition for babies, toddlers, children and adults, today applauds the U.S. House of Representatives Committee on Appropriations for the full-committee passage of the FY2026 Agriculture, Rural Development, Food and Drug Administration, and Related Agencies Appropriations Bill. This landmark legislation includes vital language recognizing the importance of expanding access to alternative infant formulas—specifically plant-based, non-soy, and non-dairy formulations—for a growing number of American families. The accompanying report directs the U.S. Food and Drug Administration (FDA) to streamline approval pathways for small domestic manufacturers and calls for formal regulatory guidance around non-dairy, non-soy plant-based formulas. These are critical for infants with allergies, intolerances, or sensitivities to traditional ingredients—as well as for families seeking nutritional alternatives aligned with health, lifestyle, or ethical values. "This marks a turning point for American families and for Else Nutrition," said Hamutal Yitzhak, CEO & Co-Founder of Else Nutrition. "For too long, parents have had to choose between limited formula options that may not meet their child's needs. This legislative milestone signals that change is coming—toward a more inclusive and diversified infant formula landscape. We commend Congress for recognizing this urgent need and taking action that we believe will benefit families for generations to come." Although these types of advanced formulas have gained traction in global markets, regulatory delays have historically constrained innovation in the U.S. market. The recently advanced legislative language is a strong signal to the FDA to establish clear, actionable guidance that can accelerate the availability of safe, effective, and scientifically backed alternatives. The report also highlights the Operation Stork Speed initiative, part of the Administration's broader effort to fast-track innovation in the infant formula space. By elevating plant-based, non-dairy, non-soy formulations as a key component of this initiative, the legislation reinforces the national commitment to nutritional accessibility and product diversity. While additional legislative steps remain—including passage by the full House—the inclusion of this language in the committee's final report is a powerful indication of Congressional momentum. Though report language is non-binding, it frequently shapes agency priorities, resource allocation, and the pace at which new regulatory frameworks are developed. For Else Nutrition, the implications are clear: the path to broader U.S. market access is becoming more defined. "This is the clearest signal yet that U.S. policymakers are aligned with what we at Else have long championed—that every child deserves access to safe, effective, and nutritionally complete formula options," Yitzhak added. "We look forward to supporting this important public health mission by working with the FDA and other federal partners to help bring innovative solutions to more families, more quickly." DISCLAIMERS This grassroots lobbying effort is a statement of issue advocacy and does not require disclosure under the Lobbying Disclosure Act. This is not an electioneering statement, and this message has not been coordinated with any political parties or candidates. This message is paid for by Else Nutrition and is intended for only a "restricted class" of stockholders and administrators of the company. Whereas this is an instance of grassroots lobbying, Else Nutrition's engaged lobbying principals file disclosures required under the Lobbying Disclosure Act for direct lobbying services on behalf of the company. About Else Nutrition Holdings Inc. Else Nutrition Holdings Inc. (TSX: BABY, OTCQX: BABYF, FSE: 0YL) is a food and nutrition company in the international expansion stage focused on developing innovative, clean, and Plant-Based food and nutrition products for infants, toddlers, children, and adults. Its revolutionary, Plant-Based, non-soy formula is a clean-ingredient alternative to dairy-based formulas. Since launching its Plant-Based Complete Nutrition for Toddlers, made of whole foods, almonds, buckwheat, and tapioca, the brand has received thousands of powerful testimonials and reviews from parents, gained national retailer support, and achieved rapid sales growth. Awards and Recognition: "2017 Best Health and Diet Solutions" award at Milan's Global Food Innovation Summit #1 Best Seller on Amazon in the Fall of 2020 in the New Baby & Toddler Formula Category "Best Dairy Alternative" Award 2021 at World Plant-Based Expo Nexty Award Finalist at Expo West 2022 in the Plant-Based lifestyle category During September 2022, Else Super Cereal reached the #1 Best Seller in Baby Cereal across all brands on Amazon TSX Neither the TSX nor its regulation services provider (as that term is defined in the policies of the TSX) accept responsibility for the adequacy or accuracy of this release. Caution Regarding Forward-Looking Statements This press release contains statements that may constitute "forward-looking statements" within the meaning of applicable securities legislation. Forward-looking statements are typically identified by words such as "will" or similar expressions. Forward-looking statements in this press release include statements with respect to the anticipated dates for filing the company's financial disclosure documents. Such forward-looking statements reflect current estimates, beliefs, and assumptions, which are based on management's perception of current conditions and expected future developments, as well as other factors management believes are appropriate in the circumstances. No assurance can be given that the foregoing will prove to be correct. Forward-looking statements made in this press release assume, among others, the expectation that there will be no interruptions or supply chain failures as a result of COVID-19 and that the manufacturing, broker, and supply logistic agreement with the company does not terminate. Actual results may differ from the estimates, beliefs, and assumptions expressed or implied in the forward-looking statements. Readers are cautioned not to place undue reliance on any forward-looking statements, which reflect management's expectations only as of the date of this press release. The company disclaims any obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law. SOURCE Else Nutrition Holdings Inc.
Globe and Mail
17-07-2025
- Business
- Globe and Mail
CACI Schedules Conference Call to Discuss Fourth Quarter and Full Fiscal Year 2025 Results, and to Provide Fiscal Year 2026 Guidance
CACI International Inc (NYSE: CACI) will release its financial results for the fourth quarter and full fiscal year (FY) 2025 after the market closes on Aug. 6, 2025. CACI will also issue detailed FY 2026 guidance at the same time. The company will host a conference call the next morning, Aug. 7, at 8:00 a.m. Eastern time, during which CACI's executive leaders will discuss the results and guidance, followed by a question-and-answer session. You can listen to the call and view the accompanying exhibits on CACI's Investor Relations site. A replay of the call will be posted and made available on for one year following the event. About CACI At CACI International Inc (NYSE: CACI), our 25,000 talented and dynamic employees are ever vigilant in delivering distinctive expertise and differentiated technology to meet our customers' greatest challenges in national security. We are a company of good character, relentless innovation, and long-standing excellence. Our culture drives our success and earns us recognition as a Fortune World's Most Admired Company. CACI is a member of the Fortune 500™ list of largest companies, the Russell 1000 Index, and the S&P MidCap 400 Index. For more information, visit us at There are statements made herein which do not address historical facts, and therefore could be interpreted to be forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Such statements are subject to factors that could cause actual results to differ materially from anticipated results. The factors that could cause actual results to differ materially from those anticipated include, but are not limited to, the risk factors set forth in CACI's Annual Report on Form 10-K for the fiscal year ended June 30, 2024, and other such filings that CACI makes with the Securities and Exchange Commission from time to time. Any forward-looking statements should not be unduly relied upon and only speak as of the date hereof.
News18
30-06-2025
- Business
- News18
Govt Reports Fiscal Surplus In May 2025 As RBI Dividend Boosts Revenues, Capex Up 39%
Last Updated: For the two months of April-May 2025, India's fiscal deficit stands at Rs 13,163 crore, or 0.8% of the full-year target, signalling a robust start to the fiscal year. India recorded a sizeable fiscal surplus in May 2025, aided by a record dividend payout from the Reserve Bank of India (RBI) and strong growth in non-tax revenues, even as capital expenditure continued to surge. It has brought down the April-May fiscal deficit to 0.8% of the full-year target. According to the latest data released by the Controller General of Accounts (CGA) on June 30, the capital expenditure (capex) also rose in May, as spending remained 39 per cent higher than the previous year's number. For the first two months of the financial year 2025-26 (April-May 2025), India's fiscal deficit stood at just Rs 13,163 crore, or 0.8% of the full-year target, signalling a robust start to the fiscal year, the data showed. For the current financial year (2025-26), the government estimates the fiscal deficit at 4.4 per cent of the GDP, or Rs 15.69 lakh crore. The central bank transferred a bumper dividend of Rs 2.69 lakh crore, significantly exceeding the government's budgeted estimate of Rs 2.56 lakh crore from the RBI and public sector financial institutions. This marks a 27% jump from the Rs 2.11 lakh crore dividend transferred in the previous fiscal year, when the government managed to meet a fiscal deficit target of 4.8%. Key Fiscal Numbers for April-May FY26: Aditi Nayar, chief economist at ICRA Ltd, said, 'Following the receipt of the higher-than-budgeted dividend from the RBI, the Government of India (GoI) reported a sizeable fiscal surplus in May 2025, which is sure to be a fleeting phenomenon, as expenditure picks up in the later months. This pulled down the fiscal deficit to just Rs 13,200 crore or 0.8% of the FY2026 BE for the months of April-May 2025." In the first two months of FY2026, tax revenues rose by 10%, while non tax revenues surged by 41.8% on a YoY basis. While revenue expenditure increased by 9.4%, capital expenditure surged by 54% on last year's election-curtailed base, she added. 'Although the GoI's capital expenditure surged by 54% in April-May 2025, this was on a low base, and the extent of the growth was somewhat lower at 32% as compared to the levels seen in April-May 2023. Nevertheless, the capex amounted to a healthy about 20% of the FY2026 BE, and the same can now contract by 1% in the remaining 10 months of FY2026 and still meet the target," Nayar said. Given the buffers on the receipts side, ICRA believes that the GoI could push up capex by Rs 0.8 lakh crore in FY2026 relative to the BE, boosting the headline figure to nearly Rs 12 lakh crore (vs FY2026 BE of Rs 11.2 lakh crore) and take the YoY growth in the same to a healthy 14.2%, she added. Economists estimate that the higher-than-expected dividend windfall could lower the Centre's fiscal deficit by 20-30 basis points from the government's FY26 target of 4.4% of GDP. First Published:
Business Recorder
19-06-2025
- Business
- Business Recorder
Stability or survival? The truth behind economic optimism
Celebrating the 'success' of IMF discussions, the Prime Minister of Pakistan, has tried to paint an optimistic picture of economy. He claimed it as a return to stability and promised to shift from austerity to growth. However, in reality, these assertions seem to ignore the complex reality. In May 2025, Executive Board of IMF completed the first review of Pakistan's Extended Fund Facility (EFF), allowing the disbursement of roughly $1 billion, and simultaneously approved a new $1.4 billion to support climate resilience under Resilience and Sustainability Facility (RSF). It must be kept in mind that these approvals came with stringent conditions. Although, IMF staff noted that discussions on the FY2026 budget and reform agenda were 'constructive', but in parallel government has clashed repeatedly with the Fund over budget targets. The national budget presentation was postponed as authorities haggled with the IMF over tax relief and subsidy levels. Budget 2025-26: Pakistan govt offers tax relief to salaried class, but representatives unhappy Ultimately, the IMF imposed caps on subsidies and demanded stricter fiscal targets, reportedly adding eleven new conditions to the program (including passing an agricultural income tax and publishing a governance action plan by June 2025) before the next tranche can be released. In short, 'success' in government's rhetoric must be testified. Continued IMF engagement definitely helps sustain Pakistan's critical financing, but it always comes at the cost of severely compromised autonomy and the need to implement a demanding reform package. On the macroeconomic front, there are genuine signs of stabilization. For instance, inflation has fallen dramatically (headline inflation hit a historic low of 0.3 percent in April 2025), and the economy posted a primary fiscal surplus of about 2.0 percent of GDP during the first half of FY2025. Foreign exchange reserves have recovered (rising to roughly $10.3 billion by end-April 2025) and are projected to grow toward $13.9 billion by June. The World Bank notes that Pakistan's economy 'continues to stabilize', and credit-rating agencies have begun to reflect these gains (Fitch in April 2025 upgraded Pakistan's issuer rating from CCC+ to B–. In interviews Pakistani officials argue that IMF support has been secured on 'merit' and that key financial balances are improving. Yet this stabilization is fragile and incomplete. Growth remains lower as recently released Economic Survey (2024-25) expressed confidence in achieving 2.7% GDP growth for FY2024-25, though current quarterly figures suggest the economy must grow by 5.5% in the April–June quarter to meet that target. Sindh budget for FY2025-26 at a glance Similarly, international forecasts also remain on the lower side (the World Bank projects roughly 2.7 percent growth for FY2025 rising to 3.1 percent in FY2026; the Asian Development Bank forecasts 2.5–3.0 percent). Debt levels loom large: external debt service alone is on the order of Rs 9.8 trillion for FY2026, and Pakistan remains highly vulnerable to shocks. The World Bank explicitly warns that despite recent improvements, the 'outlook remains fragile' and growth will likely stay low as tight fiscal and monetary policies rebuild buffers. Importantly, the claimed shift toward development seems mostly aspirational. Because, in the draft budget the Public Sector Development Programme (PSDP)–the government's development spending fund–has been slashed drastically (proposed at ~Rs 1 trillion for FY26, far below the ~Rs 3 trillion level ministries had sought, and down from Rs 1.4 trillion even a year earlier). Such cuts were driven by the imperative to meet IMF-agreed fiscal targets, but they seem to weaken the narrative of an investment-led recovery. Essentially, Pakistan's macroeconomic 'stabilization' (like lower inflation, higher reserves and a contained deficit) is real but nascent and has required austerity and spending restraint. As the IMF notes, this makes the recovery vulnerable unless counterbalanced by sustained reforms and growth-enhancing. Beyond headline figures, structural problems still exist. The government has repeatedly pledged broad institutional reforms and insisted it is modernizing tax and state enterprises. For example, the Prime Minister has ordered digitization of revenue collection and third-party audits of the Federal Board of Revenue reforms. The IMF-supported programs indeed list many reforms, such as, broadening the tax base (particularly to the large, traditionally exempt agricultural and real estate sectors), overhauling loss-making State-Owned Enterprises (SOEs), restructuring the energy sector, and decisively strengthening governance and anti-corruption frameworks. Both the World Bank and ADB echo that durable growth requires 'profound structural reforms' particularly in taxation, the business environment, and public-sector efficiency. However, history suggests these will be difficult. Analysts note that Pakistan's civil service and SOEs have long been politicized, and past reform attempts have failed due to the lack of strong political will to overcome vested interests. The IMF explicitly warned that delaying reforms could 'dampen the nascent recovery'. In short, the government's reform agenda is comprehensive on paper, but the actual test will be whether these measures go beyond technical fixes. For instance, computerizing tax collection alone will not raise revenues if enforcement remains weak or the huge shadow economy (recently estimated at over $500 billion) continues to evade the tax net. Fiscal policy also remains an acute challenge. Pakistan's budget process has been marked by contention. Officials claim to balance fiscal consolidation with protecting social outlays, but progress has been hard-won. The IMF's own review notes that government was seeking new tax relief measures ahead of the budget, prompting the Fund to insist on an overall cap on subsidies and agree only to limited changes to announced figures. Defence spending is especially sensitive: Pakistan allocates roughly 18% of its budget to defence, and while the IMF does not formally set those allocations, it has examined them closely and reportedly accepted necessary increases only on condition that fiscal targets are met. Such trade-offs underscore the tightrope: to meet IMF targets the government has accepted sharp cuts in capital projects. As Planning officials warned, cutting the PSDP so deeply risks choking off growth and undermining long-term priorities. Meanwhile, the State Bank cautions that meeting even the planned primary surplus will be 'challenging'. International experts emphasize the need to widen the revenue base rather than rely solely on spending cuts; indeed, the IMF and World Bank both urge accelerating tax reforms and reducing inefficiencies (for example, improving SOE performance) to make room for growth-oriented investment. So far, however, such measures remain plans rather than tangible gains, and fiscal adjustment continues to weigh on the economy. In conclusion, the Prime Minister's optimistic narrative finds some grounding in recent data–there has been measurable progress in halting hyperinflation, rebuilding reserves, and securing IMF lifelines–but these gains are fragile and heavily conditional. Pakistan's future pivots not upon rhetoric, but on credible actions, such as, fully implementing IMF-mandated reforms, realistically addressing the fiscal crunch, and genuinely strengthening transparency in government. Only by meeting these challenges uncompromisingly and communicating honestly about them, Pakistan can hope to translate short-term stabilization into long-term, and sustainable growth. The article does not necessarily reflect the opinion of Business Recorder or its owners
Express Tribune
06-06-2025
- Business
- Express Tribune
Eidul Azha sees artificial price hike in Karachi as tomatoes, essentials soar
Market analysts caution that IMF-related measures in the upcoming FY2026 budget—particularly new taxes and adjustments in energy prices—may lead to a renewed spike in inflation. PHOTO: FILE Listen to article The customary artificial surge in prices of vegetables and condiments ahead of Eidul Azha continues unabated this year, with rates of essential kitchen items increasing by up to 200 per cent in Karachi markets, Express News reported. According to a report, the price of tomatoes has jumped from Rs60 per kilogram to as high as Rs160 per kilogram, marking an increase of over 160 per cent within a week. The cost of garlic, which was retailing at Rs500 per kg, has surged to Rs700 per kg, while ginger now sells at Rs800 per kg, up from Rs600. Fresh coriander, typically priced at Rs20 per bunch, is now being sold at Rs40, and green chillies have risen from Rs380 to Rs450 per kg. In Karachi, the price of lemons has surged from Rs250 to between Rs350 and Rs400 per kilogram. Raw papaya, commonly used to tenderise meat during Eid preparations, is now retailing for up to Rs200 per kilogram. Despite repeated complaints, there appears to be little regulatory oversight to curb these arbitrary price hikes as citizens have called on the city administration to intervene and enforce official price lists, warning that such unchecked inflation burdens lower-income households during the festive period.
