Market Signal Briefing

Journalist

Posted: October 23, 2025

Key Takeaways
How did Solana handle the AWS outage?
Solana stayed fully operational with zero throughput drop, thanks to its independent validator network and minimal reliance on centralized cloud services.

What could this resilience mean for Solana’s future?
Institutional confidence rose as Solana’s stablecoin market cap topped $15B, suggesting growing trust and potential price upside despite short-term chart resistance.

On the 20th of October, an hours-long outage at Amazon Web Services (AWS) sent shock waves across the digital economy. The outages also rippled through the crypto sector — a space that prides itself on decentralization.

According to past reports, the disruption hit major platforms hard. Even non-custodial wallets that give users full control of their funds were not spared.

Coinbase’s Base, MetaMask and Crypto.com all came to a near standstill.

But while the majority stumbled, SOL stood tall
However, Solana [SOL] recorded zero throughput drop during the AWS disruption. In fact, Solana was ranked the best-performing blockchain among Layer-1 tokens during the AWS Cloud outage.

Transactions per second (TPS) remained stable, and validator participation was unaffected.

This stability puts Solana ahead of its peers on other Ethereum [ETH] Layer-2 networks that struggled due to their reliance on AWS and Infura.

Source: X

Solana stayed almost unaffected
Solana owes its resilience to a diversified validator network and minimal reliance on centralized cloud infrastructure.

Most SOL validators run on independent setups or alternative providers, while only a small fraction operate on AWS.

The decentralization of the physical layer — not just the protocol — meant that Solana’s network integrity held firm even as half the internet flickered.

By design, Solana uses a Proof-of-History (PoH) consensus mechanism that prioritizes high throughput and global validator participation, reducing the risk of dependency on any single cloud service.

Could the resilience also reflect on SOL price action?
AMBCrypto’s close analysis of the Stablecoin Market Cap Circulating on the Solana network indicates a sharp rise after the recent risk assessments.

Most institutions are gaining more confidence in the network as a stop point to launch more tokens. The increased activity could be depicted on SOL’s prices in the near future.

For perspective, Stablecoin Market Cap on Solana network has now crossed the $15 billion mark again since the outage.

Source: DefiLlama

Despite the strong bullish on-chain sentiments, SOL’s structure on the daily chart tells a different story.

The altcoin price structure is on the verge of forming a head-and-shoulder pattern (a pattern associated with a potential bearish reversal).

At the same time, the altcoin prices have witnessed a sharp rejection at the $198 EMA resistance.

The short bias for SOL remains bearish, but with the positive on-chain metrics and key developments, the long-term bias remains bullish.

A break above the current exponential moving average resistance could see SOL prices back on its positive trajectory.

Source: TradingView

Dogecoin (DOGE) remained range-bound on Tuesday, slipping 0.61% to $0.192 after briefly testing intraday highs of $0.195. The meme coin faced selling pressure near resistance, following Monday’s short-lived advance toward the $0.20 mark, as institutional traders continued to take profits at upper levels. Despite the subdued price action, market activity intensified, with trading volume jumping 20.26% above the weekly average. Total turnover reached 942.7 million DOGE — nearly double the 24-hour mean — suggesting growing institutional interest rather than retail-driven speculation.

This increase in volume amid limited price movement points to strategic accumulation, as larger players position ahead of a potential breakout. Over the past 24 hours, DOGE fluctuated within a narrow $0.0132 range between $0.1860 and $0.1953, consolidating around the critical $0.19 psychological level. Notably, resistance near $0.1925 triggered short-term rejection, while support at $0.1860 held firm through repeated defenses. The session concluded with DOGE stabilizing near $0.1916 on lighter turnover, indicating balanced order flow and easing volatility.

Technically, Dogecoin’s short-term setup suggests constructive accumulation beneath resistance. Hourly charts display a sequence of higher lows at $0.1914, $0.1916, and $0.1920, forming an ascending channel supported by institutional trades exceeding 10 million DOGE per candle. Key resistance levels stand at $0.1925, $0.2060, and the broader Fibonacci retracement near $0.2663. The tightening range between $0.1860 and $0.1925 reflects compression that often precedes significant price swings.

Analysts and traders are closely monitoring whether institutional flows sustain above current thresholds. A decisive breakout above $0.1925 could propel DOGE toward $0.20–$0.21, while a drop below $0.1860 might expose downside risk to $0.18. The divergence between increasing volume and stagnant price remains a classic sign of accumulation — hinting that Dogecoin may be on the verge of a breakout within the next 24 to 48 hours.

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Debt among Bitcoin miners has increased from $2.1 billion to $12.7 billion in just 12 months as they race to meet demands for artificial intelligence and Bitcoin production, according to investment giant VanEck.

Without continued investment in the latest machines, a miner’s share of the global hashrate deteriorates, resulting in a reduced share of the daily awarded Bitcoin (BTC), VanEck analyst Nathan Frankovitz and head of digital assets research, Matthew Sigel, said on Wednesday in their October Bitcoin ChainCheck report.

“We refer to this dynamic as the melting ice cube problem. Historically, miners relied on equity markets, not debt, to fund these steep Capex costs.”“This stems from the fact that miners’ revenues are difficult to underwrite as they rely almost entirely on the price of Bitcoin, which is speculative. Importantly, equity tends to be a more expensive form of capital than debt,” Frankovitz and Sigel added.

Debt among Bitcoin miners has increased from $2.1 billion to $12.7 billion over the last 12 months. Source: VanEckIndustry publication The Miner Mag estimates the combined debt and convertible-note offerings from 15 public miners were $4.6 billion in Q4 2024, $200 million at the start of 2025, and $1.5 billion in Q2 2025.

Crypto miners expand into AI A growing number of Bitcoin miners have been diversifying income streams by shifting their energy capacity toward AI and HPC hosting services after the April 2024 halving cut mining rewards to 3.125 Bitcoin, hurting overall profitability.

“In doing so, miners have secured more predictable cash flows backed by multi-year contracts,” Frankovitz and Sigel said.

“The relative predictability of these cash flows has enabled miners to tap into debt markets, diversifying their revenues from Bitcoin’s speculative and cyclical prices and lowering their overall cost of capital.”In October, Bitfarms closed a $588 million convertible note offering, with the proceeds marked for HPC and AI infrastructure developments in North America.

Fellow miner TeraWulf also announced a $3.2 billion senior secured notes offering to finance a portion of its data center expansion at its Lake Mariner campus in Barker, New York.

Source: TeraWulfMeanwhile, IREN also closed a $1 billion convertible notes offering in October with some of the funds flagged for general corporate purposes and working capital.

AI pivot is no threat to the Bitcoin networkMiners are the backbone of the Bitcoin network. They validate and record all Bitcoin transactions into new blocks. The more miners participate, the higher the hashrate, which helps secure the network.

Frankovitz and Sigel said miners shifting focus to AI and HPC hosting is no threat to the network's hashrate, because “AI’s priority for electrons is a net benefit to Bitcoin.”

“Bitcoin mining remains an easy way to quickly monetize excess electricity in remote or developing energy markets, effectively subsidizing the development of data centers that are designed with AI, HPC convertibility in mind,” they said.

“In addition, AI inference experiences cyclical demand over the course of the day based on human activity.”Miners searching for ways to cut costs At the same time, several miners who the pair spoke to for the report revealed they are exploring methods to monetize excess electrical capacity when demand for AI services is low.

Frankovitz and Sigel said this could allow the miners to offset or even eliminate costly sources of backup electrical power, such as diesel generators.

“While this remains conceptual, we think it represents a logical next step in the unique synergies between Bitcoin and AI that lead to greater efficiency in the use of capital, both financial and electrical.” Magazine: Binance shakes up Korea, Morgan Stanley’s security tokens in Japan: Asia Express

Gold advocate and outspoken Bitcoin critic Peter Schiff has once again reiterated his belief that Bitcoin’s value will ultimately fall to zero. In a recent discussion with cryptocurrency influencer Michael Jerome, better known as @notthreadguy, Schiff maintained his bearish stance, claiming that he has never been wrong about the long-term fate of the leading cryptocurrency. “I still think that it is eventually going to zero,” Schiff said, adding that his only misjudgment was “underestimating the gullibility of the public to buy it.”

Schiff acknowledged that early Bitcoin investors succeeded in “selling the story” effectively, persuading the masses to purchase what they “wanted to get rid of.” He continues to view Bitcoin as a “gigantic pump-and-dump,” emphasizing that its current market strength is built on hype rather than intrinsic value. The veteran economist and CEO of Euro Pacific Asset Management remains a staunch supporter of gold, highlighting that Bitcoin has dropped about 30% from its peak in gold terms, while the precious metal continues to hit new record highs.

According to 10x Research, sustained selling by long-time Bitcoin holders, or “O.G. whales,” has contributed to the asset’s struggle to stay above the $110,000 mark. Schiff warns that the crypto market’s instability is just a symptom of a larger financial crisis brewing in the United States. He predicts that the next major collapse will not stem from subprime mortgages like in 2008 but from the U.S. Treasury market itself. “There’s going to be a run on treasuries,” Schiff cautioned. “The world is not going to want to buy treasuries or own U.S. dollars.”

Schiff’s forecast underscores growing concerns among traditional investors about America’s debt crisis, further fueling the ongoing debate between gold and Bitcoin as safe-haven assets.

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The Nigerian government has reportedly formed a working group to explore the adoption of stablecoins. The New Stance on Digital Assets The Nigerian Federal Government has reportedly formed a working group to explore the adoption of stablecoins, signaling a significant shift toward embracing digital currencies.

Decentralized exchange Bunni has announced it is shutting down following an $8.4 million exploit in September, and is now the second crypto project team to throw in the towel this week, citing difficult circumstances. 

In a Thursday X post, the team stated that it will be winding down operations due to a lack of funds.

“The recent exploit has forced Bunni's growth to a halt, and in order to securely relaunch, we'd need to pay 6-7 figures in audit & monitoring expenses alone – requiring capital that we simply don't have,” they said.

The team said they would need to spend a considerable amount on development costs and other expenditures to get the protocol back on track, which the team does not have.

It only followed days after the founding team behind layer-1 blockchain Kadena said it would cease operations due to difficult market conditions.

Source: BunniBunni DEX exploited in SeptemberThe protocol was exploited on Sept. 2 to the tune of $8.4 million across Ethereum and Layer-2 network Unichain. Operations were then halted. 

In a Sept. 4 blog post, Bunni said the malicious actors exploited the protocol’s codebase.

Bunni DEX was built on Uniswap V4 to optimize returns for liquidity providers through the use of its custom mechanism called Liquidity Distribution Function.

Prior to the exploit, Bunni was growing at an exponential rate, as its TVL skyrocketed from $2.23 million on June 10 to nearly $80 million on Aug. 19, according to DefiLlama.

Open-sourcing the codeDespite ceasing operations, the team has relicensed Bunni V2 smart contracts from Business Source License to MIT license, which is an open-source software license, which garnered some praise from the community. 

This will allow any developer to use all the features and innovations developed by Bunni like Liquidity distribution functions, surge fees, and autonomous rebalancing. 

The team has also stated that users will be able to withdraw their assets via the website until further notice. Moreover, the remaining treasury assets will be distributed to BUNNI, LIT, and veBUNNI token holders after receiving the necessary legal approval; however, team members will not receive any funds.

The team said it will continue to work with law enforcement agencies to recover the $8.4 million stolen by malicious actors.

Kadena founding team exitsOn Tuesday, the founding team behind Layer-1 blockchain Kadena announced that it will be winding down and ceasing all network operations.

The team cited tough market conditions as the reason for closing shop. Despite the founding team stepping down, the network will continue to exist and will be community-driven.

However, the network’s native token KDA has crashed 70% since the announcement, and currently trades for $0.06, according to CoinGecko.

Magazine: Cliff bought 2 homes with Bitcoin mortgages: Clever… or insane?

Television personality and political commentator Tucker Carlson expressed his reservations on Wednesday about investing in Bitcoin (CRYPTO: BTC) due to the mystery surrounding its creator, Satoshi Nakamoto.

Carlson Questions Satoshi’s AnonymitySpeaking at a Turning Point USA event in honor of Charlie Kirk, Carlson questioned the mysterious figure behind Bitcoin.

“I try to limit myself to things I understand. And nobody can explain to me who Satoshi Nakamoto was. The creator of Bitcoin,” the former Fox News host said. “And no one can answer the question, including some of the biggest holders of Bitcoin in the world.”

Carlson stated that Nakamoto could be linked to the Central Intelligence Agency, a theory he has suggested before.

“Can’t prove it, but you’re telling me to invest in something whose founder is mysterious and has billions of dollars of unused Bitcoin. Like, what is that?,” he added.

See Also: Marjorie Taylor Greene Buys 6 Stocks And Bitcoin ETF: Here’s Her Latest Shopping List

However, Carlson admitted that he “loves” the idea of Bitcoin as it provides “financial autonomy.”

“I don’t want what I buy or sell to be tracked. I don’t want my money to be tracked. It’s nobody’s business. I pay my taxes,” he argued.

The Enigma That Is SatoshiCarlson’s skepticism echoes his previous claims at the Bitcoin 2024 conference, where he suggested that Bitcoin could be a creation of the U.S.’s primary foreign intelligence service. He had criticized Bitcoin maxis for not knowing the real identity of Nakamoto.

The identity of Satoshi Nakamoto has been a subject of intense debate and speculation. The 2024 HBO documentary titled "Money Electric: The Bitcoin Mystery" attempted to unveil the mystery. It identified Bitcoin Core engineer Peter Todd as Satoshi Nakamoto, a claim Todd unequivocally denied.

With Satoshi holding more than a million BTC, worth over $120 billion, interested parties find a rational factor in knowing their identity, as any movement of their holdings could drastically affect the coin's price.

At the same time, some feel that Satoshi being pseudonymous is “one of the coolest things ever.”

Price Action: At the time of writing, BTC was exchanging hands at $110,004.87, up 1.62% in the last 24 hours, according to data from Benzinga Pro.  

Read Next: 

Galaxy CEO Mike Novogratz Says Bitcoin Is One Trump Move Away From Exploding Past $125,000
Disclaimer: This content was partially produced with the help of Benzinga Neuro and was reviewed and published by Benzinga editors.

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The Pi Network core team allegedly executed a sell-off of roughly 1.2 million Pi tokens on Wednesday, sparking concerns about the token’s stability. Pi has already been struggling to maintain its value, and this latest move adds pressure to an already fragile market.

Possible Reasons Behind the Sell-OffPi is currently trading at $0.2011, with a market capitalization of $1.66 billion. Rather than supporting demand or enhancing the token’s value, the core team sold a large portion of their holdings.

Experts have observed that the team may have few alternative options for liquidity. Since Pi currently lacks utility or revenue-generating mechanisms, selling tokens may be the only available method for the team to access funds. Without functional applications or income sources, such sell-offs could continue unless the ecosystem develops new ways to create value.

“I’ve said many times that it’s our Core Team selling Pi because they don’t have any other source of income. Pi doesn’t have any real utility or anything that generates revenue, so their only option for liquidity is to sell Pi,” one crypto commentator said.

Challenges for the Pi NetworkThe token is hovering near a new low, highlighting the need for sustainable growth. Analysts note several key areas where Pi must improve:

Real-world utility: Introducing practical applications could drive adoption and demand.
Decentralization: Enhancing governance and network independence may boost confidence.
Transparency: Clearer communication around token transactions and decision-making is critical for credibility.Calls for Immediate ActionDr Altcoin, a crypto expert who supports Pi despite its challenges, urged the core team to take immediate steps. When Pi hit its first new all-time low in October, he recommended using a coin burning mechanism to reduce supply and support the token’s value.

Trust with CoinPedia:CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.

Investment Disclaimer:All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.

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Tom Lee, co-founder of Fundstrat and president of Bitmine, remains bullish on Ethereum despite the bearish sentiment. While some analysts claim that Ethereum’s bull run may be over, Lee sees the token poised for one of the most bullish setups in cryptocurrency history.

Ethereum could reach $10,000 by the end of 2025, with long-term push up to $60,000 per ETH. Three major catalysts that could drive Ethereum’s value higher, many of which remain largely invisible to retail investors.

Bitmine’s ETH Treasury StrategyThe company recently acquired 3.34 million ETH, representing 2.7% of all circulating Ether. On October 21, Bitmine purchased an additional 63,500 ETH, worth roughly $184 million, taking advantage of current market dips.

Bitmine’s strategy, announced in June 2025, demonstrates institutional confidence in Ethereum. The company wants to hold a portion of its assets in ETH, positioning it as a big player in the token’s long-term growth.

Tom Lee’s Track Record and PredictionsLee has a history of accurate market forecasts. In 2018, he predicted Bitcoin would reach $125,000 by 2022. At the Token 2049 conference in Singapore, he projected Ethereum could surpass Bitcoin, positioning ETH as the primary platform for decentralized finance and real-world asset tokenization.

He also expects Bitcoin to reach $200,000 to $250,000 by year-end 2025. For Ethereum, Lee expects strong upside, with potential $10,000 to $12,000 by December 2025, and sees $60,000 as a long-term target.

Real-World Assets Driving GrowthA central pillar of Lee’s Ethereum thesis is the tokenization of real-world assets (RWAs). By moving assets such as real estate, stocks, and bonds onto the Ethereum blockchain, the network could unlock trillions of dollars in value.

In the first half of 2025, the RWA market on Ethereum surged from $8.6 billion to $25 billion. This market could reach $10 trillion to $30 trillion by 2030. Fractionalized tokenization could increase transaction volume and revenue, further strengthening Ethereum’s value proposition.

Trust with CoinPedia:CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.

Investment Disclaimer:All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.

Sponsored and Advertisements:Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.

Sanofi Deepens Partnership with Medidata to Expedite the Development of New Therapies with an Improved Patient Journey 

Expanded 10-plus-year collaboration will leverage Medidata Experiences, enabling Sanofi to streamline operations, refine data quality, and enhance patient care

New York – Oct. 23, 2025 – Medidata, a Dassault Systèmes brand and leading provider of clinical trial solutions to the life sciences industry, and Sanofi today announced an expansion of their partnership to bolster clinical research. This new agreement will take advantage of the Medidata Patient, Data, and Study Experiences, building on both organizations’ shared vision to boost innovation in studies, speed new therapies to market, and promote health outcomes for people globally.

The Medidata Experiences address the fragmented, standalone tools of the life sciences industry by offering AI-embedded, platform-based solutions across clinical workflows, unifying trial processes, diminishing silos, and reducing costs and delays. Combining these Experiences with Sanofi’s pharmaceutical knowledge will advance studies, amplifying the development of therapies with greater precision and impact.

“Sanofi and Medidata have worked together for a decade within clinical research, including a collaboration in 2024,” said Gaelan Ritter, global head of digital clinical development, Sanofi. “With this broadened relationship, we will continue harnessing the power of AI, optimizing our clinical trials, and ultimately expediting the delivery of groundbreaking medicines.”

Sanofi will employ Medidata’s expertise and capabilities in decentralized clinical trials as part of this new enterprise agreement. Medidata will also provide strategic consulting and end-to-end operational support, empowering Sanofi to further streamline research processes.

“Clinical development is complex, and biopharma companies demand a strategic partner who can help them enhance data quality, improve study design, and elevate patient care," said Lisa Moneymaker, chief strategy officer, Medidata. "Through our alliance, Sanofi can leverage our unified solutions, specifically mapped out to meet their core needs, to simplify execution and accelerate the entire clinical development process.”

To learn more about the Medidata Experiences, please visit here.

About Medidata
Medidata is powering smarter treatments and healthier people through digital solutions to support clinical trials. Celebrating 25 years of ground-breaking technological innovation across more than 36,000 trials and 11 million patients, Medidata offers industry-leading expertise, analytics-powered insights, and one of the largest clinical trial data sets in the industry. More than 1 million registered users across approximately 2,300 customers trust Medidata’s seamless, end-to-end platform to improve patient experiences, accelerate clinical breakthroughs, and bring therapies to market faster. A Dassault Systèmes brand (Euronext Paris: FR0014003TT8, DSY.PA), Medidata is headquartered in New York City and has been recognized as a Leader by Everest Group and IDC. Discover more at www.medidata.com. Listen to our latest podcast, from Dreamers to Disruptors, and follow us at @Medidata.

About Dassault Systèmes
Dassault Systèmes is a catalyst for human progress. Since 1981, the company has pioneered virtual worlds to improve real life for consumers, patients and citizens. With Dassault Systèmes’ 3DEXPERIENCE platform, 370,000 customers of all sizes, in all industries, can collaborate, imagine and create sustainable innovations that drive meaningful impact. For more information, visit: www.3ds.com.

About Sanofi
We are an innovative global healthcare company, driven by one purpose: we chase the miracles of science to improve people’s lives. Our team, across the world, is dedicated to transforming the practice of medicine by working to turn the impossible into the possible. We provide potentially life-changing treatment options and life-saving vaccine protection to millions of people globally, while putting sustainability and social responsibility at the center of our ambitions.

Sanofi is listed on EURONEXT: SAN and NASDAQ: SNY

Contact:

Medidata PR

[email protected]

Analyst Relations

[email protected]

Sanofi PR

Sandrine Guendoul | [email protected]
Evan Berland | [email protected]
Léo Le Bourhis | [email protected]
Victor Rouault | [email protected]
Timothy Gilbert | [email protected]
Léa Ubaldi | [email protected]

Dassault Systèmes: Sanofi Deepens Partnership with Medidata to Expedite the Development of New Therapies with an Improved Patient Journey

Fujifilm unveils a new X-T30 III camera with an entry level kit and the XC 13-33mm f/3.5-6.3 Lens

NEW YORK, Oct. 23, 2025 (GLOBE NEWSWIRE) -- B&H is pleased to announce the new X-T30 III, the third iteration of Fujifilm’s popular X-T30 model, which arrives along with the new XC 13-33mm f/3.5-6.3 OIS. From film simulations, to intelligent autofocus tracking, the X-T30 III can be as simple or as powerful as you make it.

FUJIFILM X-T30 III Mirrorless Camera

XT-30 III Camera Black
https://www.bhphotovideo.com/c/product/1926406-REG/fujifilm_16957841_x_t30_iii_mirrorless_camera.html

X-T30 III Mirrorless Camera (Charcoal Silver)
https://www.bhphotovideo.com/c/product/1926407-REG/fujifilm_16957918_x_t30_iii_mirrorless_camera.html

FUJIFILM X-T30 III Mirrorless Camera (Silver)
https://www.bhphotovideo.com/c/product/1926405-REG/fujifilm_16957346_x_t30_iii_mirrorless_camera.html

The Fujifilm X-T30 III, as its name suggests, is the third generation of one of the brand’s most popular models. Maintaining the form factor of its predecessor, this camera blends a vintage look and feel with a tactile, modern experience. With a newly integrated easy auto switch, updated AI-Driven autofocus, and compatibility with the XApp for iOS and Android, the X-T30 III is the perfect entry point to the Fujifilm line of interchangeable lens cameras.

The camera features a tried and true 26.1MP sensor and a 2.36 million dot electronic viewfinder, the very same found in the X-M5. After all, these cameras do share quite a bit, though they differ in other areas. Of course, the X-M5 does not feature an EVF. This is due to the camera’s intended use, which is content creation. At 329g, the X-T30 III is also lighter than the X-M5, all while being constructed with a magnesium alloy chassis. Both cameras are capable of 6.2K recording at 30p and 4K recording at 60p.

The Fujifilm X-T30 III comes with access to 20 preset simulations via the newly added Film Simulation Dial. The dial gives users instant access to six preset simulations as well as three customizable settings. Use the presets to capture vintage straight out of the camera images, or head into the menu to create your own film simulation recipe where you can alter grain, white balance, tone curves, and so much more.

Like most of the Fujifilm line, the X-T30 III will be available in black, silver, and charcoal, as well as a body only or kit. With such a vast array of customizable features and a compact size, this is the ideal choice for the fledgling photographer who’s looking to upgrade from their smartphone to widen their creative capabilities and explore their image making journey.

FUJIFILM XC 13-33mm f/3.5-6.3 OIS

The kit lens in question is another newcomer. The XC 13-33mm f/3.5-6.3 OIS is a newly designed on-the-go lens with 4.0 stops of optical stabilization and 20mm (35mm equivalent) focal length on the wide end. Weighing just 4.4 oz, this is truly a lightweight lens to go anywhere.

The lens has a minimum focusing distance of just 7.87” across the entire zoom lens, allowing greater creativity when composing and close-up shooting, reducing the need for cropping in post. With a compact size, close-up focus distance, and wide field of view, this lens is the perfect choice for the traveler or landscape photographer.

Fujifilm has shaped up to have quite the year in 2025. From the X-E5 and the GFXF100RF to the X-T30 III. The Fujifilm lineup has an option for anyone.

Learn more with B&H Explora https://www.bhphotovideo.com/explora/photography/news/fujifilm-announces-the-x-t30-iii-and-xc-13-33mm-f35-63-ois

YouTube Video First Look on XT30 III
https://youtu.be/8xy8l6GWvjE

About B&H Photo Video

As the world's largest source of photography, video, and audio equipment, as well as computers, drones, and home and portable entertainment, B&H is known worldwide for its attentive, knowledgeable sales force and excellent customer service, including fast, reliable shipping. B&H has been satisfying customers worldwide for over 50 years.

Visitors to the website can access a variety of educational videos and enlightening articles. The B&H YouTube Channel has an unmatched wealth of educational content. Our entertaining and informative videos feature product overviews from our in-house specialists. You can view the B&H Event Space presentations from many of the world's foremost experts and interviews with some of technology's most dynamic personalities. Tap into this exciting resource by subscribing to the B&H YouTube Channel here. In addition to videos, the B&H Explora blog presents new product announcements, gear reviews, helpful guides, and tech news written by product experts and industry professionals, as well as our award-winning podcasts.

When you’re in Manhattan, take a tour of the B&H Photo SuperStore, located at 420 Ninth Avenue. The techno-carousel spins all year round at the counters and kiosks at B&H. With hundreds of products on display, the B&H Photo SuperStore is the place to test-drive and compare all the latest gear.

The B&H Payboo Credit Card offers the industry’s best instant savings and special financing, subject to credit approval. Visit B&H’s Payboo Page to learn more and apply.

Contact Information
Geoffrey Ngai
B&H Photo Video
212-615-8820
https://www.bhphotovideo.com/

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/3ee94023-e614-409b-8c99-10cb3a2d4400

A video accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/a39879f8-dc2c-4709-b2f0-73683e0564b5

Fujifilm XT30 III Camera
The Fuji X-T30 III camera can be as simple or as powerful as you make it.

YouTube Video First Look on XT30 III
The X-T30 III improves upon FUJIFILM's previous model by bolstering its APS-C-format 26.1MP X-Trans ...

PR No: C3364C

STMicroelectronics Reports 2025 Third Quarter Financial Results

Q3 net revenues $3.19 billion; gross margin 33.2%; operating income of $180 million, including $37 million related to impairment, restructuring charges and other related phase-out costs; net income of $237 millionBusiness outlook at mid-point: Q4 net revenues of $3.28 billion and gross margin of 35.0%   Geneva, October 23, 2025 – STMicroelectronics N.V. (“ST”) (NYSE: STM), a global semiconductor leader serving customers across the spectrum of electronics applications, reported U.S. GAAP financial results for the third quarter ended September 27, 2025. This press release also contains non-U.S. GAAP measures (see Appendix for additional information).

 ST reported third quarter net revenues of $3.19 billion, gross margin of 33.2%, operating income of $180 million, and net income of $237 million or $0.26 diluted earnings per share (non-U.S. GAAP1 operating income of $217 million, and non-U.S. GAAP1 net income of $267 million or $0.29 diluted earnings per share).

Jean-Marc Chery, ST President & CEO, commented:

“Q3 net revenues came slightly above the mid-point of our business outlook range, with higher revenues in Personal Electronics, while Automotive and Industrial performed as anticipated, and CECP was broadly in line with expectations. Gross margin was slightly below the mid-point of our business outlook range mainly due to product mix within Automotive and Industrial.”“On a year-over-year basis, Q3 net revenues decreased 2.0%, non-U.S. GAAP1 operating margin decreased to 6.8% from 11.7% and non-U.S. GAAP1 net income decreased to $267 million from $351 million.” “In the third quarter, our book-to-bill ratio was above one, with Automotive above parity and Industrial at parity.” “Our fourth quarter business outlook, at the mid-point, is for net revenues of $3.28 billion, increasing sequentially by 2.9%, gross margin is expected to be about 35.0%; including about 290 basis points of unused capacity charges.”“The mid-point of this outlook translates into full year 2025 revenues of about $11.75 billion. This represents a 22.4% growth in the second half compared to the first half, confirming signs of market recovery. Gross margin is expected to be about 33.8%.”To optimize our investments in response to the current market conditions, we have reduced our Net Capex plan, now slightly below $2 billion for FY25.”“Our strategic priorities remain clear: accelerating innovation; executing our company-wide program to reshape our manufacturing footprint and resize our global cost base, which remains on schedule to deliver the targeted savings; and strengthening free cash flow generation.” Quarterly Financial Summary

U.S. GAAP
(US$ m, except per share data) Q3 2025 Q2 2025 Q3 2024 Q/Q Y/Y Net Revenues $3,187 $2,766 $3,251 15.2% -2.0% Gross Profit $1,059 $926 $1,228 14.3% -13.7% Gross Margin 33.2% 33.5% 37.8% -30 bps -460 bps Operating Income (Loss) $180 $(133) $381 - -52.9% Operating Margin 5.6% -4.8% 11.7% 1,040 bps -610 bps Net Income (Loss) $237 $(97) $351 - -32.3% Diluted Earnings Per Share $0.26 $(0.11) $0.37 - -29.7% Non-U.S. GAAP1
(US$ m, except per share data) Q3 2025 Q2 2025 Q3 2024 Q/Q Y/Y Operating Income $217 $57 $381 278.8% -43.2% Operating Margin 6.8% 2.1% 11.7% 470 bps -490 bps Net Income $267 $57 $351 369.1% -23.9% Diluted Earnings Per Share $0.29 $0.06 $0.37 383.3% -21.6%
Third Quarter 2025 Summary Review
Reminder: on January 1, 2025, we made some adjustments to our segment reporting. Prior year comparative periods have been adjusted accordingly. See Appendix for more detail.

Net Revenues by Reportable Segment2(US$ m) Q3 2025 Q2 2025 Q3 2024 Q/Q Y/Y Analog products, MEMS and Sensors (AM&S) segment 1,434 1,133 1,340 26.6% 7.0% Power and discrete products (P&D) segment 429 447 652 -4.3% -34.3% Subtotal: Analog, Power & Discrete, MEMS and Sensors (APMS) Product Group 1,863 1,580 1,992 17.9% -6.5% Embedded Processing (EMP) segment 976 847 898 15.3% 8.7% RF & Optical Communications (RF&OC) segment 345 336 357 2.4% -3.4% Subtotal: Microcontrollers, Digital ICs and RF products (MDRF) Product Group 1,321 1,183 1,255 11.6% 5.3% Others 3 3 4 - - Total Net Revenues $3,187 $2,766 $3,251 15.2% -2.0% Net revenues totaled $3.19 billion, representing a year-over-year decrease of 2.0%. Year-over-year net sales to OEMs and Distribution decreased 5.1% and increased 7.6%, respectively. On a sequential basis, net revenues increased 15.2%, 60 basis points better than the mid-point of ST’s guidance.

Gross profit totaled $1.06 billion, representing a year-over-year decrease of 13.7%. Gross margin of 33.2%, 30 basis points below the mid-point of ST’s guidance, decreased 460 basis points year-over-year, mainly due to lower manufacturing efficiencies, negative currency effect, lower level of capacity reservation fees and, to a lesser extent, the combination of sale price and product mix.

Operating income decreased from $381 million in the year-ago quarter to $180 million. ST’s operating margin decreased 610 basis points on a year-over-year basis to 5.6% of net revenues, compared to 11.7% in the third quarter of 2024. Operating income included $37 million impairment, restructuring charges and other related phase-out costs for the quarter, reflecting impairment of assets and restructuring charges predominantly associated with the previously announced company-wide program to reshape our manufacturing footprint and resize our global cost base. Excluding these items, non-U.S. GAAP1 Operating income stood at $217 million in the third quarter.

By reportable segment, compared with the year-ago quarter:

In Analog, Power & Discrete, MEMS and Sensors (APMS) Product Group:

Analog products, MEMS and Sensors (AM&S) segment:

Revenue increased 7.0% mainly due to Imaging.    Operating profit increased by 2.1% to $221 million. Operating margin was 15.4% compared to 16.1%. Power and Discrete products (P&D) segment:

Revenue decreased 34.3%.Operating profit decreased from $80 million to an operating loss of $67 million. Operating margin was -15.6% compared to 12.2%. In Microcontrollers, Digital ICs and RF products (MDRF) Product Group:

Embedded Processing (EMP) segment:

Revenue increased 8.7% mainly due to General Purpose MCU. Operating profit increased by 9.4% to $161 million. Operating margin was 16.5% compared to 16.4%.   RF & Optical Communications (RF&OC) segment:

Revenue decreased 3.4%.Operating profit decreased by 31.6% to $57 million. Operating margin was 16.6% compared to 23.4%. Net Earnings and diluted Earnings Per Share decreased to $237 million and $0.26 respectively, compared to $351 million and $0.37 respectively in the year-ago quarter. Non-U.S. GAAP1 Net income and diluted Earnings Per Share, stood at $267 million and $0.29 respectively in the third quarter of 2025.

Cash Flow and Balance Sheet Highlights 

     Trailing 12 Months (US$ m) Q3 2025 Q2 2025 Q3 2024 Q3 2025 Q3 2024 TTM Change Net cash from operating activities 549 354 723 2,158 3,764 -42.7% Free cash flow (non-U.S. GAAP1) 130 (152) 136 136 813 -83.3% Net cash from operating activities was $549 million in the third quarter compared to $723 million in the year-ago quarter.

Net Capex (non-U.S. GAAP1), was $401 million in the third quarter compared to $565 million in the year-ago quarter.

 Free cash flow (non-U.S. GAAP1) was positive $130 million in the third quarter, compared to positive $136 million in the year-ago quarter.

Inventory at the end of the third quarter was $3.17 billion, compared to $3.27 billion in the previous quarter and $2.88 billion in the year-ago quarter. Days sales of inventory at quarter-end was 135 days, compared to 166 days for the previous quarter and 130 days for the year-ago quarter.

In the third quarter, ST paid cash dividends to its stockholders totaling $81 million and executed a $91 million share buy-back, as part of its current share repurchase program.

 ST’s net financial position (non-U.S. GAAP4) remained strong at $2.61 billion as of September 27, 2025, compared to $2.67 billion as of June 28, 2025, and reflected total liquidity2 of $4.78 billion and total financial debt of $2.17 billion. Adjusted net financial position (non-U.S. GAAP1), taking into consideration the effect on total liquidity of advances from capital grants for which capital expenditures have not been incurred yet, stood at $2.27 billion as of September 27, 2025.

Corporate developments

On July 24, 2025, ST entered into a definitive transaction agreement for the acquisition of NXP’s MEMS sensor business for a purchase price of up to $950 million in cash, including $900 million upfront and $50 million subject to the achievement of technical milestones. The transaction which will be financed with existing liquidity is subject to customary closing conditions, including regulatory approvals, and is expected to close in H1 2026.

Business Outlook
ST’s guidance, at the mid-point, for the 2025 fourth quarter is:

Net revenues are expected to be $3.28 billion, an increase of 2.9% sequentially, plus or minus 350 basis points.Gross margin of 35.0%, plus or minus 200 basis points.This outlook is based on an assumed effective currency exchange rate of approximately $1.15 = €1.00 for the 2025 fourth quarter and includes the impact of existing hedging contracts.The fourth quarter will close on December 31, 2025. This business outlook does not include any impact of potential further changes to global trade tariffs compared to the current situation.

 Conference Call and Webcast InformationST will conduct a conference call with analysts, investors and reporters to discuss its third quarter 2025 financial results and current business outlook today at 9:30 a.m. Central European Time (CET) / 3:30 a.m. U.S. Eastern Time (ET). A live webcast (listen-only mode) of the conference call will be accessible at ST’s website, https://investors.st.com, and will be available for replay until November 7, 2025.

Use of Supplemental Non-U.S. GAAP Financial Information

This press release contains supplemental non-U.S. GAAP financial information.

Readers are cautioned that these measures are unaudited and not prepared in accordance with U.S. GAAP and should not be considered as a substitute for U.S. GAAP financial measures. In addition, such non-U.S. GAAP financial measures may not be comparable to similarly titled information from other companies. To compensate for these limitations, the supplemental non-U.S. GAAP financial information should not be read in isolation, but only in conjunction with ST’s consolidated financial statements prepared in accordance with U.S. GAAP.

See the Appendix of this press release for a reconciliation of ST’s non-U.S. GAAP financial measures to their corresponding U.S. GAAP financial measures.

Forward-looking Information

Some of the statements contained in this release that are not historical facts are statements of future expectations and other forward-looking statements (within the meaning of Section 27A of the Securities Act of 1933 or Section 21E of the Securities Exchange Act of 1934, each as amended) that are based on management’s current views and assumptions, and are conditioned upon and also involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those anticipated by such statements due to, among other factors:

changes in global trade policies, including the adoption and expansion of tariffs and trade barriers, that could affect the macro-economic environment and directly or indirectly adversely impact the demand for our products;uncertain macro-economic and industry trends (such as inflation and fluctuations in supply chains), which may impact production capacity and end-market demand for our products;customer demand that differs from projections which may require us to undertake transformation measures that may not be successful in realizing the expected benefits in full or at all;the ability to design, manufacture and sell innovative products in a rapidly changing technological environment;changes in economic, social, public health, labor, political, or infrastructure conditions in the locations where we, our customers, or our suppliers operate, including as a result of macro-economic or regional events, geopolitical and military conflicts, social unrest, labor actions, or terrorist activities;unanticipated events or circumstances, which may impact our ability to execute our plans and/or meet the objectives of our R&D and manufacturing programs, which benefit from public funding;financial difficulties with any of our major distributors or significant curtailment of purchases by key customers;the loading, product mix, and manufacturing performance of our production facilities and/or our required volume to fulfill capacity reserved with suppliers or third-party manufacturing providers;availability and costs of equipment, raw materials, utilities, third-party manufacturing services and technology, or other supplies required by our operations (including increasing costs resulting from inflation); the functionalities and performance of our IT systems, which are subject to cybersecurity threats and which support our critical operational activities including manufacturing, finance and sales, and any breaches of our IT systems or those of our customers, suppliers, partners and providers of third-party licensed technology;theft, loss, or misuse of personal data about our employees, customers, or other third parties, and breaches of data privacy legislation; the impact of IP claims by our competitors or other third parties, and our ability to obtain required licenses on reasonable terms and conditions; changes in our overall tax position as a result of changes in tax rules, new or revised legislation, the outcome of tax audits or changes in international tax treaties which may impact our results of operations as well as our ability to accurately estimate tax credits, benefits, deductions and provisions and to realize deferred tax assets; variations in the foreign exchange markets and, more particularly, the U.S. dollar exchange rate as compared to the Euro and the other major currencies we use for our operations; the outcome of ongoing litigation as well as the impact of any new litigation to which we may become a defendant; product liability or warranty claims, claims based on epidemic or delivery failure, or other claims relating to our products, or recalls by our customers for products containing our parts; natural events such as severe weather, earthquakes, tsunamis, volcano eruptions or other acts of nature, the effects of climate change, health risks and epidemics or pandemics in locations where we, our customers or our suppliers operate; increased regulation and initiatives in our industry, including those concerning climate change and sustainability matters and our goal to become carbon neutral in all direct and indirect emissions (scopes 1 and 2), product transportation, business travel, and employee commuting emissions (our scope 3 focus), and to achieve our 100% renewable electricity sourcing goal by the end of 2027; epidemics or pandemics, which may negatively impact the global economy in a significant manner for an extended period of time, and could also materially adversely affect our business and operating results;industry changes resulting from vertical and horizontal consolidation among our suppliers, competitors, and customers;the ability to successfully ramp up new programs that could be impacted by factors beyond our control, including the availability of critical third-party components and performance of subcontractors in line with our expectations; and individual customer use of certain products, which may differ from the anticipated uses of such products and result in differences in performance, including energy consumption, may lead to a failure to achieve our disclosed emission-reduction goals, adverse legal action or additional research costs. Such forward-looking statements are subject to various risks and uncertainties, which may cause actual results and performance of our business to differ materially and adversely from the forward-looking statements. Certain forward-looking statements can be identified by the use of forward-looking terminology, such as “believes”, “expects”, “may”, “are expected to”, “should”, “would be”, “seeks” or “anticipates” or similar expressions or the negative thereof or other variations thereof or comparable terminology, or by discussions of strategy, plans or intentions.
 
Some of these risk factors are set forth and are discussed in more detail in “Item 3. Key Information — Risk Factors” included in our Annual Report on Form 20-F for the year ended December 31, 2024 as filed with the Securities and Exchange Commission (“SEC”) on February 27, 2025. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those described in this press release as anticipated, believed or expected. We do not intend, and do not assume any obligation, to update any industry information or forward-looking statements set forth in this release to reflect subsequent events or circumstances.
Unfavorable changes in the above or other factors listed under “Item 3. Key Information — Risk Factors” from time to time in our SEC filings, could have a material adverse effect on our business and/or financial condition.About STMicroelectronicsAt ST, we are 50,000 creators and makers of semiconductor technologies mastering the semiconductor supply chain with state-of-the-art manufacturing facilities. An integrated device manufacturer, we work with more than 200,000 customers and thousands of partners to design and build products, solutions, and ecosystems that address their challenges and opportunities, and the need to support a more sustainable world. Our technologies enable smarter mobility, more efficient power and energy management, and the wide-scale deployment of cloud-connected autonomous things. We are on track to be carbon neutral in all direct and indirect emissions (scopes 1 and 2), product transportation, business travel, and employee commuting emissions (our scope 3 focus), and to achieve our 100% renewable electricity sourcing goal by the end of 2027. Further information can be found at www.st.com.

 For further information, please contact:

INVESTOR RELATIONS:
Jérôme Ramel
EVP Corporate Development & Integrated External Communication
Tel: +41 22 929 59 20
[email protected]

MEDIA RELATIONS:
Alexis Breton
Corporate External Communications
Tel: + 33 6 59 16 79 08
[email protected]

STMicroelectronics N.V.
 
  CONSOLIDATED STATEMENTS OF INCOME
 
  (in millions of U.S. dollars, except per share data ($))
 
 
 
 
 
  Three months ended
  September 27, September 28,
  2025 2024
  (Unaudited) (Unaudited)
 
 
  Net sales                      3,183                    3,245 Other revenues                             4                           6 NET REVENUES                      3,187                    3,251 Cost of sales                    (2,128)                   (2,023) GROSS PROFIT                      1,059                    1,228 Selling, general and administrative expenses                       (395)                      (385) Research and development expenses                       (502)                      (492) Other income and expenses, net                           55                         30 Impairment, restructuring charges and other related phase-out costs                         (37)                            - Total operating expenses                       (879)                      (847) OPERATING INCOME                         180                       381 Interest income, net                           38                         55 Other components of pension benefit costs                           (4)                          (4) Gain on financial instruments, net                           79                            - INCOME BEFORE INCOME TAXES AND NONCONTROLLING INTEREST                         293                       432 Income tax expense                         (54)                        (71) NET INCOME                         239                       361 Net income attributable to noncontrolling interest                           (2)                        (10) NET INCOME ATTRIBUTABLE TO PARENT COMPANY STOCKHOLDERS                         237                       351
 
 
  EARNINGS PER SHARE (BASIC) ATTRIBUTABLE TO PARENT COMPANY STOCKHOLDERS                        0.27                      0.39 EARNINGS PER SHARE (DILUTED) ATTRIBUTABLE TO PARENT COMPANY STOCKHOLDERS                        0.26                      0.37
 
 
  NUMBER OF WEIGHTED AVERAGE SHARES USED IN CALCULATING DILUTED EPS 918.9 938.6 STMicroelectronics N.V.
 
  CONSOLIDATED STATEMENTS OF INCOME
 
  (in millions of U.S. dollars, except per share data ($))
 
 
 
 
 
  Nine months ended
  September 27, September 28,
  2025 2024
  (Unaudited) (Unaudited)
 
 
  Net sales                      8,440                    9,915 Other revenues                           30                         32 NET REVENUES                      8,470                    9,947 Cost of sales                    (5,643)                   (5,980) GROSS PROFIT                      2,827                    3,967 Selling, general and administrative expenses                    (1,205)                   (1,229) Research and development expenses                    (1,506)                   (1,554) Other income and expenses, net                         169                       123 Impairment, restructuring charges and other related phase-out costs                       (235)                            - Total operating expenses                    (2,777)                   (2,660) OPERATING INCOME                           50                    1,307 Interest income, net                         131                       166 Other components of pension benefit costs                         (13)                        (12) Gain (loss) on financial instruments, net                           85                          (1) INCOME BEFORE INCOME TAXES AND NONCONTROLLING INTEREST                         253                    1,460 Income tax expense                         (50)                      (231) NET INCOME                         203                    1,229 Net income attributable to noncontrolling interest                           (7)                        (13) NET INCOME ATTRIBUTABLE TO PARENT COMPANY STOCKHOLDERS                         196                    1,216
 
 
  EARNINGS PER SHARE (BASIC) ATTRIBUTABLE TO PARENT COMPANY STOCKHOLDERS                        0.22                      1.35 EARNINGS PER SHARE (DILUTED) ATTRIBUTABLE TO PARENT COMPANY STOCKHOLDERS                        0.21                      1.29
 
 
  NUMBER OF WEIGHTED AVERAGE SHARES USED IN CALCULATING DILUTED EPS 927.8 940.2
 
 
 
  STMicroelectronics N.V.
 
 
  CONSOLIDATED BALANCE SHEETS
 
 
  As at September 27, June 28, December 31, In millions of U.S. dollars 2025 2025 2024
  (Unaudited) (Unaudited) (Audited) ASSETS
 
 
  Current assets:
 
 
  Cash and cash equivalents 1,999 1,616 2,282 Short-term deposits 1,450 1,650 1,450 Marketable securities 1,327 2,363 2,452 Trade accounts receivable, net 1,620 1,352 1,749 Inventories 3,167 3,273 2,794 Other current assets 1,268 1,267 1,007 Total current assets 10,831 11,521 11,734 Goodwill 313 313 290 Other intangible assets, net 329 342 346 Property, plant and equipment, net 11,267 11,437 10,877 Non-current deferred tax assets 506 558 464 Long-term investments 156 77 71 Other non-current assets 1,284 1,215 961
  13,855 13,942 13,009 Total assets 24,686 25,463 24,743
 
 
 
  LIABILITIES AND EQUITY
 
 
  Current liabilities:
 
 
  Short-term debt 256 1,006 990 Trade accounts payable 1,436 1,451 1,323 Other payables and accrued liabilities 1,404 1,386 1,306 Dividends payable to stockholders 176 257 88 Accrued income tax 89 104 66 Total current liabilities 3,361 4,204 3,773 Long-term debt 1,910 1,951 1,963 Post-employment benefit obligations 433 428 377 Long-term deferred tax liabilities 55 48 47 Other long-term liabilities 826 848 904
  3,224 3,275 3,291 Total liabilities 6,585 7,479 7,064 Commitment and contingencies
 
 
  Equity
 
 
  Parent company stockholders' equity
 
 
  Common stock (preferred stock: 540,000,000 shares authorized, not issued; common stock: Euro 1.04 par value, 1,200,000,000 shares authorized, 911,281,920 shares issued, 892,328,291 shares outstanding as of September 27, 2025) 1,157 1,157 1,157 Additional Paid-in Capital 3,232 3,187 3,088 Retained earnings 13,114 12,911 13,459 Accumulated other comprehensive income 906 983 236 Treasury stock (546) (490) (491) Total parent company stockholders' equity 17,863 17,748 17,449 Noncontrolling interest 238 236 230 Total equity 18,101 17,984 17,679 Total liabilities and equity 24,686 25,463 24,743
 
 
 
 
 
 
 
  STMicroelectronics N.V.
 
 
 
 
 
 
  SELECTED CONSOLIDATED CASH FLOW DATA
 
 
 
 
 
 
  Cash Flow Data (in US$ millions) Q3 2025 Q2 2025 Q3 2024
 
 
 
  Net Cash from operating activities                      549                      354                      723 Net Cash from (used in) investing activities                      815                    (332)                    (601) Net Cash used in financing activities                    (980)                    (191)                    (142) Net Cash increase (decrease)                      383                    (165)                      (15)
 
 
 
  Selected Cash Flow Data (in US$ millions) Q3 2025 Q2 2025 Q3 2024
 
 
 
  Depreciation & amortization                      482 464 440 Net payment for Capital expenditures                    (417)                    (481)                    (601) Dividends paid to stockholders                      (81)                      (81)                      (80) Change in inventories, net                        98                    (140)                      (17)
 
 
 
 
Appendix
ST
Changes to reportable segments
 

Following ST’s reorganization announced in January 2024 into two Product Groups and four reportable segments, we have made further progress in analyzing our global product portfolio, resulting in the following adjustments to our segments, effective starting January 1, 2025, without modifying subtotals at Product Group level: 

In Analog, Power & Discrete, MEMS and Sensors (APMS) Product Group: The transfer of VIPower products from Power and Discrete products (P&D) reportable segment to Analog products, MEMS and Sensors (AM&S) reportable segment.     In Microcontrollers, Digital ICs and RF products (MDRF) Product Group: the newly created ‘Embedded Processing’ (EMP) reportable segment includes the former ‘MCU’ segment (excluding the RF ASICs mentioned below) as well as Custom Processing products (Automotive ADAS products).the newly created ‘RF & Optical Communications’ (RF&OC) reportable segment includes the former ‘D&RF’ segment (excluding Automotive ADAS products) as well as some RF ASICs which were previously part of the former ‘MCU’ segment. We believe these adjustments are critical for implementing synergies and optimizing resources, which are necessary to fully deliver the benefits expected from our new organization.

 Our four reportable segments - within each Product Group - are now as follows:

In Analog, Power & Discrete, MEMS and Sensors (APMS) Product Group: Analog products, MEMS and Sensors (AM&S) reportable segment, comprised of ST analog products (now including VIPower products), MEMS sensors and actuators, and optical sensing solutions.Power and Discrete products (P&D) reportable segment, comprised of discrete and power transistor products (now excluding VIPower products). In this Press Release, “Analog” refers to analog products, “MEMS” to MEMS sensors and actuators and “Imaging” to optical sensing solutions.

In Microcontrollers, Digital ICs and RF products (MDRF) Product Group: Embedded Processing (EMP) reportable segment, comprised of general-purpose and automotive microcontrollers, connected security products and Custom Processing Products (Automotive ADAS)RF & Optical Communications (RF&OC) reportable segment, comprised of Space, Ranging & Connectivity products, Digital Audio & Signaling Solutions and Optical & RF COT. In this Press release, “GPAM” refers to General purpose & automotive microcontrollers, “Connected Security” to connected security products, “Custom Processing” to automotive ADAS products.

Prior year comparative periods have been adjusted accordingly.

(Appendix – continued)
ST Supplemental Financial Information
 

  Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Net Revenues By Market Channel (%)
 
 
 
 
  Total OEM 73% 72% 71% 73% 76% Distribution 27% 28% 29% 27% 24%
 
 
 
 
 
  €/$ Effective Rate 1.14 1.09 1.06 1.09 1.08
 
 
 
 
 
  Reportable Segment Data (US$ m)
 
 
 
 
  Analog products, MEMS and Sensors (AM&S) segment
 
 
 
 
   - Net Revenues 1,434 1,133 1,069 1,348 1,340  - Operating Income 221 85 82 220 216 Power and Discrete products (P&D) segment
 
 
 
 
   - Net Revenues 429 447 397 602 652  - Operating Income (Loss) (67) (56) (28) 45 80 Subtotal: Analog, Power & Discrete, MEMS and Sensors (APMS) Product Group
 
 
 
 
   - Net Revenues 1,863 1,580 1,466 1,950 1,992  - Operating Income 154 29 54 265 296 Embedded Processing (EMP) segment
 
 
 
 
   - Net Revenues 976 847 742 1,002 898  - Operating Income 161 114 66 181 146 RF & Optical Communications (RF&OC) segment
 
 
 
 
   - Net Revenues 345 336 306 366 357  - Operating Income 57 60 43 95 84 Subtotal: Microcontrollers, Digital ICs and RF products (MDRF) Product Group
 
 
 
 
   - Net Revenues 1,321 1,183 1,048 1,368 1,255  - Operating Income 218 174 109 276 230 Others (a)
 
 
 
 
   - Net Revenues 3 3 3 3 4  - Operating Income (Loss) (192) (336) (160) (172) (145) Total
 
 
 
 
   - Net Revenues 3,187 2,766 2,517 3,321 3,251  - Operating Income (Loss) 180 (133) 3 369 381 (a)   Net revenues of Others include revenues from sales assembly services and other revenues. Operating income (loss) of Others include items such as unused capacity charges, including incidents leading to power outage, impairment, restructuring charges and other related phase-out costs, management reorganization costs, start-up costs, and other unallocated income (expenses) such as: strategic or special research and development programs, certain corporate-level operating expenses, patent claims and litigations, and other costs that are not allocated to reportable segments, as well as operating earnings of other products. Others includes:

(US$ m) Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Unused capacity charges 102 103 123 118 104 Impairment, restructuring charges and
other related phase-out costs 37 190 8 - -
(Appendix – continued)
ST
Supplemental Non-U.S. GAAP Financial Information
U.S. GAAP – Non-U.S. GAAP Reconciliation

The supplemental non-U.S. GAAP information presented in this press release is unaudited and subject to inherent limitations. Such non-U.S. GAAP information is not based on any comprehensive set of accounting rules or principles and should not be considered as a substitute for U.S. GAAP measurements. Also, our supplemental non-U.S. GAAP financial information may not be comparable to similarly titled non-U.S. GAAP measures used by other companies. Further, specific limitations for individual non-U.S. GAAP measures, and the reasons for presenting non-U.S. GAAP financial information, are set forth in the paragraphs below. To compensate for these limitations, the supplemental non-U.S. GAAP financial information should not be read in isolation, but only in conjunction with our consolidated financial statements prepared in accordance with U.S. GAAP.

ST believes that these non-U.S. GAAP financial measures provide useful information for investors and management because they offer, when read in conjunction with ST’s U.S. GAAP financials, (i) the ability to make more meaningful period-to-period comparisons of ST’s on-going operating results, (ii) the ability to better identify trends in ST’s business and perform related trend analysis, and (iii) to facilitate a comparison of ST’s results of operations against investor and analyst financial models and valuations, which may exclude these items.

Non-U.S. GAAP Operating Income, Non-U.S. GAAP Net Income and Non-U.S. GAAP Earnings Per Share (non-U.S. GAAP measures)
 
Operating income before impairment and restructuring charges and one-time items is used by management to help enhance an understanding of ongoing operations and to communicate the impact of the excluded items, such as impairment, restructuring charges and other related phase-out costs. Adjusted net earnings and earnings per share (EPS) are used by management to help enhance an understanding of ongoing operations and to communicate the impact of the excluded items like impairment, restructuring charges and other related phase-out costs attributable to ST and other one-time items, net of the relevant tax impact.

Q3 2025
(US$ m, except per share data) Gross Profit Operating Income Net Income Corresponding Diluted EPS U.S. GAAP 1,059 180 237 0.26 Impairment, restructuring charges and other related phase-out costs - 37 37
  Estimated income tax effect - - (7)
  Non-U.S. GAAP 1,059 217 267 0.29 YTD 2025
(US$ m, except per share data) Gross Profit Operating Income Net Income Corresponding Diluted EPS U.S. GAAP 2,827 50 196 0.21 Impairment, restructuring charges and other related phase-out costs - 235 235
  Estimated income tax effect - - (45)
  Non-U.S. GAAP 2,827 285 386 0.42
(Appendix – continued)

Net Financial Position and Adjusted Net Financial Position (non-U.S. GAAP measures)
 
Net Financial Position, a non-U.S. GAAP measure, represents the difference between our total liquidity and our total financial debt. Our total liquidity includes cash and cash equivalents, restricted cash, if any, short-term deposits, and marketable securities, and our total financial debt includes short-term debt and long-term debt, as reported in our Consolidated Balance Sheets. ST also presents adjusted net financial position as a non-U.S. GAAP measure, to take into consideration the effect on total liquidity of advances received on capital grants for which capital expenditures have not been incurred yet.

 ST believes its Net Financial Position and Adjusted Net Financial Position provide useful information for investors and management because they give evidence of our global position either in terms of net indebtedness or net cash by measuring our capital resources based on cash and cash equivalents, restricted cash, if any, short-term deposits and marketable securities and the total level of our financial debt. Our definitions of Net Financial Position and Adjusted Net Financial Position may differ from definitions used by other companies, and therefore, comparability may be limited.

(US$ m) Sep 27 2025 Jun 28
2025 Mar 29
2025 Dec 31
2024 Sep 28
2024 Cash and cash equivalents 1,999 1,616 1,781 2,282 3,077 Short term deposits 1,450 1,650 1,650 1,450 977 Marketable securities 1,327 2,363 2,528 2,452 2,242 Total liquidity 4,776 5,629 5,959 6,184 6,296 Short-term debt (256) (1,006) (988) (990) (1,003) Long-term debt (a) (1,910) (1,951) (1,889) (1,963) (2,112) Total financial debt (2,166) (2,957) (2,877) (2,953) (3,115) Net Financial Position (non-U.S. GAAP) 2,610 2,672 3,082 3,231 3,181 Advances received on capital grants (345) (361) (377) (385) (366) Adjusted Net Financial Position (non-U.S. GAAP) 2,265 2,311 2,705 2,846 2,815
 (a)  Long-term debt contains standard conditions but does not impose minimum financial ratios. Committed credit facilities for $638 million equivalent, are currently undrawn.

(Appendix – continued)

Net Capex and Free Cash Flow (non-U.S. GAAP measures)

ST presents Net Capex as a non-U.S. GAAP measure, which is reported as part of our Free Cash Flow (non-U.S. GAAP measure), to take into consideration the effect of advances from capital grants received on prior periods allocated to property, plant and equipment in the reporting period.

 Net Capex, a non-U.S. GAAP measure, is defined as (i) Payment for purchase of tangible assets, as reported plus (ii) Proceeds from sale of tangible assets, as reported plus (iii) Proceeds from capital grants and other contributions, as reported plus (iv) Advances from capital grants allocated to property, plant and equipment in the reporting period.

 ST believes Net Capex provides useful information for investors and management because annual capital expenditures budget includes the effect of capital grants. Our definition of Net Capex may differ from definitions used by other companies.

(US$ m) Q3
2025 Q2 2025 Q1
2025 Q4
2024 Q3
2024 Payment for purchase of tangible assets, as reported (431) (574) (587) (584) (669) Proceeds from sale of tangible assets, as reported 3 4 2 - 2 Proceeds from capital grants and other contributions, as reported 11 89 47 83 66 Advances from capital grants allocated to property, plant and equipment 16 16 8 31 36 Net Capex (non-U.S. GAAP) (401) (465) (530) (470) (565)
Free Cash Flow, which is a non-U.S. GAAP measure, is defined as (i) net cash from operating activities plus (ii) Net Capex plus (iii) payment for purchase (and proceeds from sale) of intangible and financial assets and (iv) net cash paid for business acquisitions, if any. 
 

ST believes Free Cash Flow provides useful information for investors and management because it measures our capacity to generate cash from our operating and investing activities to sustain our operations.

Free Cash Flow reconciles with the total cash flow and the net cash increase (decrease) by including the payment for purchases of (and proceeds from matured) marketable securities and net investment in (and proceeds from) short-term deposits, the net cash from (used in) financing activities and the effect of changes in exchange rates, and by excluding the advances from capital grants received on prior periods allocated to property, plant and equipment in the reporting period. Our definition of Free Cash Flow may differ from definitions used by other companies.

(US$ m) Q3
2025 Q2 2025 Q1
2025 Q4
2024 Q3
2024 Net cash from operating activities 549 354 574 681 723 Net Capex (401) (465) (530) (470) (565) Payment for purchase of intangible assets, net of proceeds from sale (18) (41) (14) (32) (20) Payment for purchase of financial assets, net of proceeds from sale - - - (51) (2) Free Cash Flow (non-U.S. GAAP) 130 (152) 30 128 136 Attachment: C3364C- Q325 Earnings PR - Oct 23 2025

1 Non-U.S. GAAP. See Appendix for reconciliation to U.S. GAAP and information explaining why the Company believes these measures are important.
2 Non-U.S. GAAP. See Appendix for reconciliation to U.S. GAAP and information explaining why the Company believes these measures are important.
3 See Appendix for the definition of reportable segments.
4 Non-U.S. GAAP. See Appendix for reconciliation to U.S. GAAP and information explaining why the Company believes these measures are important.
2 Total liquidity decreased from $5.63 billion in the second quarter of 2025 to $4.78 billion in the third quarter of 2025, the decrease includes $750 million related to the repayment of the first tranche of our convertible bond.

C3364C- Q325 Earnings PR - Oct 23 2025

Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in ITB over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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Robin Mendelson

Good morning, everyone, and welcome to the 2025 Annual General Meeting of Articore Group Limited. My name is Robin Mendelson, and I have the privilege of serving as your Chair. The Company Secretary has confirmed that we have a quorum, and now I declare the meeting open.

Today's meeting is being conducted virtually and shareholders and their proxies and the representatives can ask questions through the online platform and vote electronically when prompted. Should we experience any technical difficulties, I may need to pause or adjourn the meeting, and we will e-mail you on how and when to rejoin the meeting.

Joining me online today are my fellow directors, Non-executive Directors, Robin Low, Robert Sherwin, John Lewis, together with our Group CEO and Managing Director, Vivek Kumar. We are also joined by representatives from Boardroom, our share registry, who will act as Returning Officer and scrutineer for today's meeting.

Before we move to the formal items of business, I will begin with my Chair's address. Vivek Kumar will then provide a CEO update on performance and strategy. There will be an opportunity to ask questions after each item of business.

Since the Board's renewal in June, we have acted decisively to stabilize the business and accelerate the turnaround already underway. We are encouraged by the progress made to date while recognizing there is still more to do. Following the renewal, the Board has made a number of commitments to shareholders on our priorities for fiscal year 2026, which are highlighted on this slide as well as the progress we have made to date.

We remain focused on a clear disciplined strategy aimed

The STMicroelectronics logo and a computer motherboard appear in this illustration taken August 25, 2025. REUTERS/Dado Ruvic/Illustration Purchase Licensing Rights, opens new tab

CompaniesOct 23 (Reuters) - STMicroelectronics

(STMPA.PA), opens new tab, on Thursday said that it expected sales to rise in the fourth quarter compared with the current quarter, showing evidence of a sustained recovery after a multi-year downturn in its main markets.

One of Europe's largest chipmakers, whose clients include Tesla

(TSLA.O), opens new tab and Apple

(AAPL.O), opens new tab, sees fourth quarter revenue reaching $3.28 billion, up from the $3,19 billion it reported this quarter.

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Analysts polled by LSEG expected fourth quarter revenue at $3.34 billion, and $3.12 billion in the third quarter.

"Our strategic priorities remain clear: accelerating innovation; executing our company-wide program to
reshape our manufacturing footprint" STMicroelectronics' Chief Executive Jean-Marc Chery said in a statement.

Chipmakers exposed to the struggling automotive, industrial, and consumer chip markets such as STMicro, Texas Instruments

(TXN.O), opens new tab, or NXP

(NXPI.O), opens new tab have faced a multi-year long sales slump since the pandemic's end, hit by low demand, high inventories, and geopolitical disruptions.

Analysts had raised concerns after U.S.' Texas Instruments forecast a dour fourth quarter, with sales falling more than expected.

Reporting by Nathan Vifflin in Gdansk; editing by Matt Scuffham

Our Standards: The Thomson Reuters Trust Principles., opens new tab

Thales logo is seen in this illustration taken July 26, 2025. REUTERS/Dado Ruvic/Illustration/File Photo Purchase Licensing Rights, opens new tab

PARIS, Oct 23 (Reuters) - Aerospace group Thales

(TCFP.PA), opens new tab reaffirmed financial targets on Thursday as it posted higher than expected nine-month revenues and new orders, led by defence spending and demand for avionics.

Europe's largest defence electronics group said revenues rose 9.1% on a like-for like-basis to 15.26 billion euros ($17.80 billion), with its largest division, Defence, gaining 13.9%.

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The intake of new orders rose 9% on a comparable basis to 16.76 billion euros.

Analysts were on average expecting nine-month sales of 15.13 billion euros and orders of 15.72 billion, according to a company-compiled consensus.

The fresh order intake included an initial contract with the SpaceRISE consortium of satellite operators to provide systems for the future European constellation IRIS².

CFO Pascal Bouchiat welcomed the "first key step" towards implementing the European Union's secure communications constellation but warned of competitive pressures in space.

"Telecoms activity in space remains under pressure, that's clear. The fact that we had this first development contract for IRIS² doesn't take away the challenges that the European industry, in particular, is facing," he told reporters.

Thales said revenues in its Space business grew in line with annual expectations over the first nine months of 2025. Thales has said it expects "low single-digit" growth for the year, significantly lower than in Defence and Aerospace.

Its Cyber & Digital segment posted a 3.8% drop in sales in part due to the process of merging Thales sales teams with those of cybersecurity firm Imperva, which it bought in 2023.

($1 = 0.8575 euros)

Reporting by Tim Hepher;
Editing by Sudip Kar-Gupta

Our Standards: The Thomson Reuters Trust Principles., opens new tab

Sales at all the group's brands increased, including at its mainstay namesake Renault brand.

Basel, 23 October 2025 - Roche (SIX: RO, ROG; OTCQX: RHHBY) announced today that Nina Schwab-Hautzinger (1975) has been appointed Head of Group Communications and a member of the enlarged Corporate Executive Committee effective 1 February 2026.

Q3: 2025-10-22 Earnings SummaryEPS of $0.37 beats by $0.06

 |

Revenue of

$266.23M

(31.88% Y/Y)

beats by $10.22M

LendingClub Corporation (NYSE:LC) Q3 2025 Earnings Call October 22, 2025 5:00 PM EDT

Company Participants

Artem Nalivayko - VP and Head of FP&A and Investor Relations
Scott Sanborn - CEO & Director
Andrew LaBenne - Chief Financial Officer

Conference Call Participants

William Ryan - Seaport Research Partners
Timothy Switzer - Keefe, Bruyette, & Woods, Inc., Research Division
Vincent Caintic - BTIG, LLC, Research Division
Giuliano Anderes-Bologna - Compass Point Research & Trading, LLC, Research Division
Reginald Smith - JPMorgan Chase & Co, Research Division
Kyle Joseph - Stephens Inc., Research Division

Presentation

Operator

Ladies and gentlemen, thank you for joining us, and welcome to the LendingClub Q3 2025 Earnings Conference Call.

[Operator Instructions]

I will now hand the conference over to Artem Nalivayko, Head of Investor Relations. Please go ahead.

Artem Nalivayko
VP and Head of FP&A and Investor Relations

Thank you, and good afternoon. Welcome to LendingClub's Third Quarter 2025 Earnings Conference Call. Joining me today to talk about our results are Scott Sanborn, CEO; Andrew LaBenne, CFO. You can find the presentation accompanying our earnings release on the Investor Relations section of our website.

On the call, in addition to questions from analysts, we will also be answering some of the questions that were submitted for consideration via e-mail. Our remarks today will include forward-looking statements, including with respect to our competitive advantages, demand for our loans and marketplace products and future business and financial performance.

Our actual results may differ materially from those contemplated by these forward-looking statements. Factors that could cause these results to differ materially are described in today's press release and earnings presentation. Any forward-looking statements that we make on this call are based on current expectations and assumptions, and we undertake no obligation to update these statements as a result of new information or future events.

Our remarks

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SAN DIEGO, Oct. 22, 2025 (GLOBE NEWSWIRE) -- Johnson Fistel, PLLP, a leading stockholder rights law firm, has initiated an investigation into certain board members and executive officers of Methode Electronics, Inc. (NYSE: MEI) for potential breaches of fiduciary duties and violations of federal securities laws.

Stock Purchasers Before June 23, 2022 Have Rights:
Current stockholders who held their Methode Electronics stock before June 23, 2022, are encouraged to contact Johnson Fistel to discuss their legal rights in this matter. You can click or copy and paste the following link to join this investigation: https://www.johnsonfistel.com/investigations/methode-electronics-inc-2/

What is Johnson Fistel Investigating?
Previously, a class action complaint was filed against the Company alleging that Methode Electronics had lost highly skilled and experienced employees during the COVID-19 pandemic necessary to successfully complete Methode Electronics’ transition from its historic low mix, high volume production model to a high mix, low production model at its Monterrey facility; (ii) Methode Electronics’ attempts to replace its General Motors center console production with more diversified, specialized products for a wider array of vehicle manufacturers and OEMs, in particular in the electric vehicle (“EV”) space, had been plagued by production planning deficiencies, inventory shortages, vendor and supplier problems, and, ultimately, botched execution of Methode Electronics’ strategic plans; (iii) Methode Electronics’ manufacturing systems at its critical Monterrey facility suffered from a variety of logistical defects, such as improper system coding, shipping errors, erroneous delivery times, deficient quality control systems, and failures to timely and efficiently procure necessary raw materials; (iv) Methode Electronics had fallen substantially behind on the launch of new EV programs out of its Monterrey facility, preventing Methode Electronics from timely receiving revenue from new EV program awards; and (v) as a result, Methode Electronics was not on track to achieve the 2023 diluted earnings-per-share guidance or the 3-year 6% organic sales compound annual growth rate represented to investors and such estimates lacked a reasonable factual basis.

About Johnson Fistel, PLLP
Johnson Fistel, PLLP is a nationally recognized shareholder rights law firm with offices in California, New York, Georgia, and Colorado. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. The firm also extends services to foreign investors who purchased on US exchanges. For more information about the firm and its attorneys, please visit http://www.johnsonfistel.com. 

Attorney advertising.
Past results do not guarantee future outcomes.
Services may be performed by attorneys in any of our offices.
Johnson Fistel, PLLP has paid for the dissemination of this promotional communication, and Frank J. Johnson is the attorney responsible for its content.

Contact:
Johnson Fistel, PLLP
501 W. Broadway, Suite 800, San Diego, CA 92101
James Baker, Investor Relations or Frank J. Johnson, Esq., (619) 814-4471
[email protected] or [email protected]

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Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Analyst’s Disclosure:I/we have a beneficial long position in the shares of LIVN, SEMHF either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

While this article may sound like financial advice, please observe that the author is not a CFA or in any way licensed to give financial advice. It may be structured as such, but it is not financial advice. Investors are required and expected to do their own due diligence and research prior to any investment.
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-

Highlights

Tamboran Resources Corporation (“Tamboran” or the “Company”) today priced the previously announced underwritten public offering of 2,324,445 shares of Common Stock at a price to the public of US$21.00 per share.In connection with the offering, the Company granted the underwriters a 30-day option to purchase up to an additional 348,666 shares of Common Stock at the public offering price from the Company.The gross proceeds from the offering, before deducting underwriting discounts and commissions and offering expenses, are expected to be US$48.8 million, excluding any exercise of the underwriters’ option to purchase additional shares.The Company intends to use the net proceeds of the offering to fund Tamboran’s development plan, working capital, and other general corporate purposes.The offering is expected to close on October 24, 2025, subject to customary closing conditions.RBC Capital Markets, LLC, Wells Fargo Securities, LLC, and BofA Securities are acting as joint book-running managers of the offering.
NEW YORK--(BUSINESS WIRE)--Tamboran Resources Corporation (NYSE: TBN, ASX: TBN)

Other Information

The offering of these securities is being made only by means of the prospectus supplement and accompanying base prospectus as filed with the Securities and Exchange Commission (the “SEC”). Copies of the preliminary prospectus supplement and accompanying base prospectus relating to the offering may be obtained free of charge on the SEC’s website at www.sec.gov under Tamboran’s name or from the joint book-running managers as follows:

RBC Capital Markets, LLC

Attention: Equity Capital Markets

200 Vesey Street, New York, NY 10281

By telephone at 877-822-4089

By email at [email protected].

Wells Fargo Securities, LLC

90 South 7th Street, 5th Floor, Minneapolis, MN 55402

By telephone at 800-645-3751 (option #5)

By email at [email protected]

BofA Securities

NC1-022-02-25

201 North Tryon Street

Charlotte, NC 28255-0001

Attention: Prospectus Department

By email at [email protected]

The shares of common stock are being offered and will be sold pursuant to an effective shelf registration statement that was previously filed with the SEC. This press release shall not constitute an offer to sell or the solicitation of an offer to buy the shares of the Company’s common stock or any other securities, nor shall there be any sale of such shares of common stock or any other securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction. Any offers, solicitations or offers to buy, or any sales of securities will be made in accordance with the registration requirements of the U.S. Securities Act of 1933, as amended.

About Tamboran

Tamboran is a growth-driven independent natural gas exploration and production company focused on an integrated approach to the commercial development of the natural gas resources in the Beetaloo Basin located within the Northern Territory of Australia. Through its subsidiaries, Tamboran holds approximately 1.9 million net prospective acres and is the largest acreage holder in the Beetaloo Basin.

Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of U.S. federal securities laws. Words such as “anticipate,” “estimate,” “expect,” “forecast,” “guidance,” “could,” “may,” “should,” “would,” “believe,” “intend,” “project,” “plan,” “predict,” “will,” “target” and similar expressions identify forward-looking statements, which are not historical in nature. Forward-looking statements are subject to certain known and unknown risks and uncertainties that could cause actual results to differ materially from our historical experience and our current projections or expectations of future results expressed or implied by these forward-looking statements. You should keep in mind the risk factors and other cautionary statements in the filings made by Tamboran with the SEC, which are available to the public. Tamboran undertakes no obligation to, and does not intend to, update these forward-looking statements to reflect events or circumstances occurring after this press release. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release.

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