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W.G. Shaheen & Associates DBA Whitney & Co lifted its stake in Hershey Company (The) (NYSE:HSY – Free Report) by 4.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 34,129 shares of the company’s stock after purchasing an additional 1,355 shares during [...]
W.G. Shaheen & Associates DBA Whitney & Co increased its stake in shares of Hershey Company (The) (NYSE:HSY – Free Report) by 4.1% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 34,129 shares of the company’s stock after purchasing an additional 1,355 shares during [...]
Photos from the first practice of Chicago Bears training camp at Halas Hall on July 23, 2025.
Originally appeared on E! OnlineOzzy Osbourne’s kids are sharing subtle tributes to their late father. After the Black Sabbath frontman died July 22 at the age of 76, his and ex-wife Thelma Riley’s notoriously private kids Jessica Obsourne and Louis Obsourne celebrated his life on social media.Jessica Osbourne reshared a tribute by “ON with Mario Lopez” to her personal Instagram account. Alongside the post, the 53-year-old added her father’s song “Crazy Train,” and wrote in the caption, “RIP Ozzy.”Meanwhile, her brother Louis Osbourne, 50, took an even more understated approach to remembering his father by changing his profile photos online to all-black screens. In addition to the siblings’ individual nods to their father, Ozzy’s family — which also included wife Sharon Osbourne and their kids Aimée Osbourne, 42, Kelly Osbourne, 40 and Jack Osbourne, 39 — shared a joint statement following his unexpected death. “It is with more sadness than mere words can convey that we have to report that our beloved Ozzy Osbourne has passed away this morning,” the family said in a statement to E! News. “He was with his family and surrounded by love. We ask everyone to respect our family privacy at this time.”READ Ozzy Osbourne Suffered “5 Years of Absolute Hell” Before DeathMeanwhile, plenty of other stars who loved Osbourne have paid their respects online. Musician Gavin Rossdale shared how the heavy-metal legend impacted him during their brief encounters.Ozzy Osbourne his children Jessica and Louis on Aug. 19, 1978. (Photo by Staff/Mirrorpix/Getty Images)“RIP OZZY – a great man -a true legend,” Gavin wrote in the July 22 post. “i met ozzy through jack just a few times but he was so warm and kind and funny and i love that memory. sending much love to his family at this difficult time. Rest in power.”The post earned the attention of Ozzy’s wife Sharon, who wrote under the post, “Bless you.”Lady Gaga also shared her own commemoration for Osbourne’s life during her Mayhem tour. At the end of her July 22 show in San Francisco, the 39-year-old opened her jacket to reveal the rock star’s name emblazoned on her shirt as she and her dancers bowed to “Crazy Train.”PHOTOSOzzy Osbourne and Sir Elton John
The U.S. State Department has opened an investigation into Harvard University’s eligibility as a sponsor in the exchange visitor program, Secretary of State Marco Rubio said on Wednesday, as the Trump administration takes aim at the country’s oldest and richest university. “To maintain their privilege to sponsor exchange visitors, sponsors must comply with all regulations, [...]The post State Department Investigating Harvard’s Participation in Exchange Visitor Program appeared first on GV Wire.
As Skylar Diggins becomes a late scratch, the Wings hand an upset loss to the Storm.
Venus Williams has kept her dating life private and is currently engaged to Andrea Preti. Go back through her relationship history here.
Britain’s Supreme Court has quashed the convictions of two financial market traders accused of manipulating benchmark interest rates in one of the biggest scandals to come out of the global financial crisis in 2008
Nikki Bella joined Cody Rhodes on the latest episode of What Do You Wanna Talk About?The post Nikki Bella and Cody Rhodes Reflect on Canceled WrestleMania 29 Match appeared first on 411MANIA.
He also appeared in 'Stuck On You' and 'Carnivàle.'
Goldman Sachs (NYSE:GS) and BNY (NYSE:BK) have introduced a blockchain-powered system to issue digital tokens that mirror shares of money market funds, marking a significant step toward the tokenization of traditional financial assets in the United States.As part of this initiative, institutional investors can now subscribe to select money market funds via BNY’s LiquidityDirect platform, with mirror tokens issued using Goldman Sachs’ GS DAP® blockchain infrastructure. These digital representations will reflect the corresponding value of investors’ holdings and allow enhanced visibility, programmability, and potential future transferability of fund shares.The launch ...Full story available on Benzinga.com
Croatia-based sales outfit Split Screen has acquired Serbian filmmaker Goran Stanković’s feature “Our Father,” ahead of its world premiere in Toronto Film Festival’s Discovery section. Stanković’s recent TV series “Operation Sabre,” created and directed with Vladimir Tagić, was a prize winner at Canneseries. His feature documentary “In the Dark” world premiered at IDFA. Stanković, who [...]
Market Analysis by covering: Chevron Corp, Exxon Mobil Corp, Hess Corporation, Crude Oil WTI Futures. Read 's Market Analysis on Investing.com
LAS VEGAS — Troy Vincent caught Nebraska head coach Matt Rhule at the right time.
"Being able to switch between backpack and crossbody in an instant is super convenient."
AT&T Inc.'s strong Q2 results, solid dividends, and growth prospects make it a compelling long-term telecom investment. Click for our T earnings update.
The announcement came as Trump touted a broader U.S.–Japan trade deal.
France Télévisions’ production manager for the Tour de France, Deborah Larrieu, is nearing the end of this year’s gruelling edition of what is the most high profile, annual road cycling race globally. SVG Europe caught up with her when she had a short break from the live action to find out a little bit more about France Télévisions’ history, goals and challenges for the Tour de France 2025.How long has it taken you to plan for the Tour? The logistics must be quite complex. What has been your process to get to the starting line?It takes all year, which means we start working on next year’s Tour even during the current race. It intensifies at the end of October when we know the route. We start the site surveys and study particularities of the stages (for some of them the TV compounds are split in two or even three parts.)With the director, we study the camera plans of each finish line. We also start doing research for the scenery – castles, etc – and start thinking of the helicopters’ flight strategy.How long have you been the host broadcaster for the Tour de France?France Télévisions (or, say, the state-owned TV broadcaster) has always been the host broadcaster for the Tour de France, that is as far back as 1948. The production has obviously evolved an awful lot over that time.How have you pushed your production of the Tour from 2024 to 2025, editorially and technically?We have tried to take advantage of a few technical improvements to save money, such as 5G instead of RF at the finish line, and both post production and archive management done from our headquarters instead of onsite.This year we have also included more stings – shootings of interesting sites with drones – which we think is of interest to all broadcasters since the Tour de France is not only about cycling [b
What's another AI chatbot in an already crowded field? That's the question Proton is trying to answer today with the release of its new Lumo assistant. And like with its best known service, Proton Mail, the company says Lumo is for those who want a private alternative to what big tech is offering.Proton says every conversation with Lumo is secured with zero-access encryption, meaning only your device can unlock your content. In the context of an AI chatbot, that has several implications. Most notably, it means not even Proton can view your chats. As a result, the company can't share your data with governments, advertisers or, for that matter, any other company, and it can't use your data to train future AI models. "By using Lumo, you can enjoy the benefits of an advanced AI assistant without the risk of your data being misused," says Proton.I briefly tried Lumo. It's a bit slow to generate a response, but you can broadly expect a similar experience to what you would find using ChatGPT or Claude for free. Lumo can search the web to answer questions beyond its knowledge cut-off date, but by default that feature is turned off to further protect user privacy. You can also upload files to Lumo. Here again Proton says the chatbot won't save any information.Proton isn't touting the performance of Lumo's large language models, but if you're curious about this sort of thing, it's powered by a handful of open-source systems, including Mistral NeMo and Mistral Small 3, among others. Proton told The Verge Lumo will filter requests through the model best suited for the task. For example, it will use NVIDIA's OpenHands system for coding requests.Lumo is free to use, with a weekly query limit. You don't need a Proton account to begin a conversation with the chatbot. In addition to being available on the web, Proton offers both Android and iOS apps. A $13 per month Plus plan offers unlimited usage, alongside perks like larger uploads, access to more advanced AI models, priority support and more.This article originally appeared on Engadget at https://www.engadget.com/ai/protons-privacy-focused-lumo-chatbot-encrypts-all-your-conversations-144551345.html?src=rss
After the first training camp practice, Liam Coen discussed Travis Hunter's practice schedule.
Highly shorted Krispy Kreme, GoPro surge in latest meme stock frenzy ReutersThe meme stock rally continues the Trump trade rebound that has stocks trading at record highs Yahoo FinanceWhy Shares of Kohl's Are Sinking Today Yahoo FinanceGoPro, Krispy Kreme join the meme party as Wall Street speculation ramps up CNBCRivian, Wayfair, and 7 More Stocks That Could Join the Meme Trade Craze Barron's
TIM S.A. faces challenges with conservative guidance, rising inflation, and declining cash flow.
The "Bundeswehrbeschaffungsbeschleunigungsgesetz" law would remove the stop-work period that typically follows legal challenges against contract awards.
One of the country’s oldest fairs kicks off tomorrow, and will be held through this Sunday and July 31 through Aug. 2.
The United Nations’s top court says that if countries fail to take measures to protect the planet from climate change, they could be in violation of international law. The International Court of Justice is delivering an advisory opinion in a...
Chris Gorman, KeyCorp CEO, joins CNBC's 'Squawk on the Street' to discuss KeyCorp's operating environment, expectations for the Federal Reserve's path to rate cuts, his reaction to new stablecoin legislation, and much more.
Netflix (NASDAQ:NFLX) has outperformed the market over the past 5 years by 4.8% on an annualized basis producing an average annual return of 19.25%. Currently, Netflix has a market capitalization of $500.60 billion. Buying $100 In NFLX: If an ...Full story available on Benzinga.com
"The Naked Gun" stars Pamela Anderson and Liam Neeson shared sweet moments on the "Naked Gun" red carpet in the UK when she kissed his cheek and they held hands.
At this point, Google should just reveal the entire Pixel 10 line-up on their own, because each and every year we get to see them from other sources, likely from retailers being watched closely for slip-ups. Following the Pixel 10 and Pixel 10 Pro official-looking renders dropping in recent days, we told you to expect ... ContinuedRead the original post: Here’s the Pixel 10 Pro Fold in 2 Colors
BONK, SUI, and FloppyPepe are trending as meme-fi gains traction in 2025. One of them is still early enough to explode 12,000% this cycle.
Goldman Sachs, BNY To Offer Tokenized Money-Market Funds For Clients Authored by Amin Haqshanas via CoinTelegraph.com,Wall Street giants Goldman Sachs and BNY are preparing to offer institutional investors access to tokenized money market funds, which could unlock real-time settlement, 24/7 market access and more efficiencies across capital markets.Clients of BNY, the world’s largest custodian bank, will soon be able to invest in money market funds whose ownership is recorded directly on Goldman Sachs’ private blockchain, according to a Wednesday news release.“As the financial system transitions toward a more digital, real-time architecture, BNY is committed to enabling scalable and secure solutions that shape the future of finance,” said Laide Majiyagbe, global head of liquidity, financing and collateral at BNY.The initiative includes participation from industry heavyweights including BlackRock, Fidelity Investments and Federated Hermes, along with the asset management arms of Goldman and BNY, per the release.Money market fund tokens. Source: Copper.coBan on interest-bearing stables to spur growth in tokenized fundsThe development comes on the heels of the newly signed GENIUS Act, which established a regulatory framework for stablecoins in the US. The bill, passed last week with more than 300 House votes, bans interest-bearing stablecoins.In contrast, tokenized money market funds offer yield, giving hedge funds, pensions and corporations a new tool to manage idle cash with minimal volatility.In a report last month, Moody’s revealed that tokenized short-term funds have grown to $5.7 billion in assets since 2021 amid growing interest from traditional asset managers, insurers and brokerages looking to offer clients access between fiat and digital markets. Typically backed by US Treasurys or other low-risk instruments, these funds function like traditional money market funds but leverage blockchain to issue fractional shares and enable real-time settlement.Race to bring capital markets on blockchain is onEarlier this month, Robinhood CEO Vlad Tenev detailed plans for “Robinhood Chain,” an Ethereum-compatible layer 2 on Arbitrum Orbit. The blockchain will let users trade tokenized derivatives of stocks directly on the blockchain, moving asset trading outside traditional exchange hours.In a July 4 report, Galaxy Digital said Robinhood’s tokenization move removes assets from traditional market channels and brings them onchain, directly challenging the concentrated liquidity and activity that give major TradFi exchanges like the NYSE their edge. Tyler DurdenWed, 07/23/2025 - 10:45
Lucid Group (NASDAQ: LCID), an electric vehicle manufacturer, announced Wednesday a collaboration with several critical mineral producers aimed at accelerating the development and procurement of domestic critical minerals for U.S. automotive manufacturing. The new initiative, named the Minerals for National Automotive Competitiveness Collaboration (MINAC), includes Alaska Energy Metals, Graphite One, Electric Metals, and RecycLiCo. MINAC's stated goals include advancing domestic mineral production through offtake agreements, identifying and resolving...
This week, Donald Trump’s preoccupation with Barack Obama — and specifically his role in probing Russia’s role in the 2016 election — reemerged in dramatic fashion.
Company Plans to Accelerate Development of Data Center Campuses and AI Infrastructure to Establish a Leading Digital AI Infrastructure Provider MONTREAL and NEW YORK, July 23, 2025 /PRNewswire/ -- (version française) -- 5C, a next-generation AI infrastructure and data center solutions...
The bill seeks to fix a reported outdated Department of Defense policy that prevents service members from transferring their earned Post-9/11 GI Bill benefits to their children, according to a release.
The latest talk of the town has shed light on some interesting rumors that talk about Valve’s next gaming handheld and a new home console. While there have already been reports surrounding the Steam Deck 2, Valve might be getting a surprising push from Sony that could help take its handhelds to the next level. [...]The post Steam Deck 2 and New Valve Console Rumored: Sony Quietly Strengthening Ties? appeared first on Gizmochina.
T-Pain opens up about the tragic passing of Ozzy Osbourne and the impact his music had on him as an artist.The post T-Pain Mourns the Death of Ozzy Osbourne, Says ‘I Was Blessed To Get Your Recognition’ appeared first on VICE.
In comments to the press on Tuesday, President Donald Trump suggested he is considering eliminating capital gains taxes on the sale of homes.
China has introduced new rules to strengthen quality control and supervision across its growing commercial space sector, marking a significant step towards standardizing private activities.The post China tightens quality oversight over commercial space projects appeared first on SpaceNews.
'Investigations into other actors also using these exploits are still ongoing.'
LONDON (Reuters) -British police will have hundreds of officers on duty this weekend to deal with protests linked to immigration, a regional police...
Build your own MERIDIAN. Mixing and matching both accessories and colors The Meridian is crafted in Mission Workshop’s Los Angeles facility, home to R&D, design, and small-batch production for select U.S. military teams. Designed as a versatile solution for both daily carry and travel, it blends advanced materials with thoughtful organization. The exterior features ultra-durable [...]
My driving habits have definitely changed over the last few years. Driving the speed limit is not a big deal to me. Setting the cruise control on the posted speed
Hawaiian is cutting staff as the merger with Alaska goes ahead.
The great Dell renaming of 2025 continues with the availability of the Dell Pro Max laptop lineup. If you’re not in on the news, Dell ... Read more...The post New Dell Pro Max laptops are now available appeared first on Techaeris and was written by Alex Hernandez.
Fans pay tribute to Ozzy Osbourne, the lead singer of the pioneering rock band Black Sabbath on both sides of the Atlantic. Osbourne died on July 22 at age 76.
Infosys Q1 FY26 results show $4.9 billion in revenue, 2.6% QoQ growth, and $3.8 billion in large deal wins with 55% net new. The company retains FY26 margin guidance at 20–22% while revising revenue guidance to 1–3%.
Gold vs. Bitcoin (BTC) is one of the evergreen debates in investing. One has centuries of trust behind it, while the other is digital, fast-moving, and climbing up to unprecedented highs. New survey data published by YouGov shows how Americans really feel about these two assets. Most still prefer gold, but there’s a quiet shift [...]The post Gold vs. Bitcoin: What Do Americans Prefer in 2025? appeared first on Techopedia.
The ship is operated by an Israeli company, Mano Cruise, which said about 1,700 passengers were on board and it is sailing to Cyprus.
Samsung’s latest foldable OLED sets new benchmark, proves durable in 500,000-fold test The Indian ExpressSamsung Galaxy Z Fold 7 review: the thinner, lighter and better folding Android The GuardianSamsung Galaxy Z Flip 7 Review: A Well-Rounded Flip Phone Packed With AI PCMag[Unboxing] Galaxy Z Fold7: Powerful Versatility in the Thinnest, Lightest Z Fold Yet Samsung NewsroomSamsung Galaxy Z Fold 7 Display Can Be Folded 500,000 Times, According to Testing CNET
Health officials say Israeli strikes in Gaza killed at least 21 people as hunger worsened among Palestinians struggling to live under the weight of the 21-month war. More than half of those killed late Tuesday and early Wednesday reportedly were...
WUCHANG: Fallen Feathers pushes GPUs to the limit. RTX 5090 dips below 60 FPS. No FSR or XeSS support. DLSS bug causes major stutter issues.
AI therapists are rising fast. From parasocial bonds to clinical breakthroughs, explore how tech is reshaping mental health and the dangers and risks we can't ignore.
Almost half of all Australian properties are at risk of bushfire, while 17,500 face risk of coastal erosion. By 2030, more than 3 million will face riverine flood risk.
On this episode of First Ring Daily, a 5G Surface, many moose, and spray or not to spray.The post First Ring Daily 1820: It Should be Meese appeared first on Thurrott.com.
has confirmed it’s in the process of buying Bee, an Apple Watch app and wearable that records everything it hears.The platform describes itself as “a personal Al that transforms your conversations, tasks, places and more into summaries, personal insights and timely reminders” ... more...
AI is entering a new phase where access to top talent is becoming as important as, if not more important than, compute or data. The market for AI researchers is so overheated, it’s starting to look a lot like pro sports — complete with outsized contracts and unprecedented infrastructure needs. On today’s episode of Equity, [...]
With hosepipe bans in force across several English regions and more restrictions likely to follow, gardeners face some tough choices. When every drop counts, which plants deserve your precious water from the water butt, and which should you leave to fend for themselves?
He made a conceptual leap in immunotherapy by creating a hybrid T-cell, known as CAR-T, that was genetically modified to destroy cancer cells.
The life and legacy of The Piano Man is explored in the two-part documentary, ‘Billy Joel: And So it Goes.’ Rick Damigella reports.
Senegal Visit Signals The Real NASA Management Structure NASA Watch
President Donald Trump intends to unveil an Artificial Intelligence Action Plan aimed at keeping the United States at the forefront of AI development. Toward that end, the president is expected to sign three new executive orders addressing data center development, financial resources, and perceived political bias.
Nestled in the southern Mediterranean, off the southeast coast of Tunisia, lies the island of Djerba. With a rich cultural and religious history, it has been a crossroad of many civilizations, including the Phoenicians, Romans, Byzantines and Arabs, and is home to many unique architectural sites. These include the Sedouikech underground mosque, St Joseph's Church and the El Ghriba Synagogue.
When we talk about "ghosting," we usually think it relates to dating. But what happens when you've been ghosted by someone you've known for years—your childhood best friend, a parent, a child?
The last year has highlighted a political divide between young men and women. Data from elections in several countries shows that women aged 18–29 are becoming significantly more liberal, while young men are leaning more conservative. And a recent 30-country study found generation Z more divided than other generations on key questions around gender equality.
Representatives from 175 countries will gather in Geneva, Switzerland, in August for the final round of negotiations on a legally binding UN treaty to end plastic pollution. Non-governmental organizations, academics and industry lobbyists will also be in the room. They will all be hoping to influence what could be the world's first truly global agreement on plastics.
Ukraine has seen the first anti-government protests since the start of Russia’s full-scale invasion over three years ago, as a move by President Volodymyr Zelensky to curb anti-corruption agencies sparked fury across the nation.
Two new varieties of muscadine not only promise a longer growing season but also recall two Arkansas icons, both names trademarked: Altus, the state's wine capital, and Mighty Fine, a name that describes its flavor and a favorite phrase of retired fruit breeder John Clark.
The International Court of Justice (ICJ) will issue a highly anticipated advisory opinion overnight to clarify state obligations related to climate change.
Following a short break for the July 4th holiday, Perseverance drove westward to a site called "Westport," where the clay-bearing "Krokodillen" unit meets an olivine-bearing rock formation. It is possible that the olivine-rich rocks are an intrusive igneous unit, meaning they could have formed when molten magma from deep within Mars got pushed upwards and cooled under the surface. If that's the case, Westport could preserve a dramatic moment in Mars' history when hot, molten material intruded into existing rock formations.
Scientists at UC San Diego's Scripps Institution of Oceanography present a new tool the public can use to understand sewage contamination levels at beaches from Coronado to Playas de Tijuana as well as potential risks of swimmer illness.
Analysts say the tone on the earnings call was “moody” and “appears to have shifted markedly” as executives express more caution.
Terry McLaurin Reportedly Doesn't Report to Commanders Camp Amid Contract Rumors Bleacher ReportSources: Unhappy McLaurin a no-show at camp ESPNWhy did the Commanders change their name? President Trump urges Washington to switch back USA TodayCommanders’ Terry McLaurin gets $132 million contract update before training camp holdout Yahoo.coCommanders GM remains optimistic, but no extension yet for Terry McLaurin as training camp opens TSN
The victim estimates the total loss to be over $5,000 in cash and valuables. But, for her, the sentimental loss far outweighs the monetary value.
With a roster full of hungry first-year starters, the Buckeyes are eying another playoff run -- and rivalry redemption
Pure Storage's growth in AI-driven flash storage despite challenges like rising input costs and tariffs. Read here for more on PSTG stock here.
The versatile infielder is operating as a backup behind Tampa Bay’s typical starting infield of Jonathan Aranda, Brandon Lowe, Junior Caminero and Ha-Seong Kim.
NEW YORK (AP) — Jonquel Jones scored 18 points in her return from an ankle injury, and the New York Liberty beat the Indiana Fever 98-84 on Tuesday night. Breanna Stewart and Leonie Fiebich each scored 17, Sabrina Ionescu had 13 points and nine assists, and Isabelle Harrison also had 13 points to help the [...]
Roy Black, renowned Miami attorney known as the 'greatest of all time' in legal circles, has died at 80 after defending celebrities in high-profile cases.
Corey Seager's three-run home run in the seventh broke open a close game and assured Texas ace Jacob deGrom the win as the Rangers outlasted the Athle
Still, Commanders general manager Adam Peters made clear Tuesday that he doesn't expect any of that sort of outside conversation to interfere with their real jobs.
Police are seeking information about a 39-year-old man who went missing in Detroit.
At age 45, Venus Williams won her first tour-level singles match in nearly two years.
Joseph Quinn is opening up about the potential future of his The Fantastic Four: First Steps character! The 31-year-old actor makes his MCU debut this weekend in the new superhero movie as Johnny Storm/Human Torch. While attending the Marvel film’s premiere in Los Angeles on Monday night (July 22), Joseph dished on another Marvel character [...]
Here are Gary Duncan's photos from a 7-on-7 held on Tuesday, July 22 at Kaneland High School.
Ben Rice hit a tiebreaking home run in the ninth inning, Jazz Chisholm Jr. and Cody Bellinger also homered and the New York Yankees beat the Toronto Blue Jays 5-4
A federal judge on Monday ordered the U.S. government not to deport an Iranian immigrant who was arrested by ICE officers late last month on his way to a gym from his Yamhill County home. U.S.
Discover Manhattan Associates' impressive Q2 2025 results with 22% cloud revenue growth, expanded partnerships, and raised full-year guidance.
GUADALAJARA, Mexico, July 22, 2025 (GLOBE NEWSWIRE) -- Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE:PAC, BMV:GAP) ("the Company" or "GAP") reports its consolidated results for the second quarter ended June 30, 2025 (2Q25). Figures are unaudited and prepared following International Financial Reporting Standards ("IFRS") as issued by the International Accounting Standards Board ("IASB").Summary of Results 2Q25 vs. 2Q24The sum of aeronautical and non-aeronautical services revenues increased by Ps. 1,922.2 million, or 30.6%. Total revenues increased by Ps. 3,623.0 million, or 49.9%.Cost of services increased by Ps. 308.5 million, or 25.4%.Income from operations increased by Ps. 1,067.6 million, or 30.4%.EBITDA increased by Ps. 1,305.2 million, or 31.1%, an increase from Ps. 4,198.1 million in 2Q24 to Ps. 5,503.3 million in 2Q25. EBITDA margin (excluding the effects of IFRIC-12) went from 66.8% in 2Q24 to 67.1% in 2Q25.Comprehensive income decreased by Ps. 658.9 million, or 22.8%, from an income of Ps. 2,893.9 million in 2Q24 to an income of Ps. 2,234.9 million in 2Q25.Company's Financial Position:As of June 30, 2025, the Company reported a cash and cash equivalents position of Ps. 9,697.3 million. During the second quarter of 2025, the Company repaid the maturing bond certificate "GAP 21" for Ps. 2,500.0 million. In addition, the Company drew down a Ps. 3,375.0 million credit facility from Banco Nacional de México, S.A. ("Banamex") with a five-year term, and the proceeds were used to refinance maturities in June and July 2025 with Banamex for Ps. 2,500.0 million and BBVA for Ps. 875.0 million.Passenger TrafficDuring 2Q25, the 14 airports operated by GAP recorded an increase of 624.7 thousand total passengers, representing a 4.1% increase compared to 2Q24.During this period, the following new routes were launched:Domestic:AirlineDepartureArrivalOpening dateFrequenciesVivaHermosilloTijuanaMay 22, 20251 dailyVivaTijuanaHermosilloMay 22, 20251 dailyVivaLa PazSanta LucíaMay 22, 20251 dailyVivaLa PazTijuanaMay 22, 20251 dailyVivaTijuanaLa PazMay 22, 20251 dailyVivaTijuanaVeracruzMay 22, 20253 weeklyVivaTijuanaQuerétaroMay 23, 20254 weekly Note: Frequencies can vary without prior notice.International: AirlineDepartureArrivalOpening dateFrequenciesWorld2FlyMontego BayLisboaJune 11, 20251 weekly Note: Frequencies can vary without prior notice.Domestic Terminal Passengers – 14 airports (in thousands): Airport2Q242Q25Change6M246M25ChangeGuadalajara2,994.83,090.93.2%5,666.56,112.17.9%Tijuana *2,097.82,139.22.0%4,083.44,196.72.8%Los Cabos690.6739.77.1%1,328.31,408.66.0%Puerto Vallarta742.6830.411.8%1,317.41,484.012.6%Montego Bay0.00.00.0%0.00.00.0%Guanajuato514.3576.812.2%998.21,092.39.4%Hermosillo531.0545.52.7%988.51,054.26.6%Kingston0.50.1(84.2%)1.10.2(85.8%)Morelia153.3173.112.9%299.5359.219.9%Mexicali226.3305.735.1%514.6598.816.4%La Paz288.1328.113.9%559.4608.78.8%Aguascalientes166.2167.40.7%308.6319.23.4%Los Mochis141.8179.426.5%268.0344.428.5%Manzanillo30.331.43.5%66.266.1(0.1%)Total8,577.69,107.66.2%16,399.817,644.57.6% *Cross Border Xpress (CBX) users are classified as international passengers.International Terminal Passengers – 14 airports (in thousands): Airport2Q242Q25Change6M246M25ChangeGuadalajara1,369.91,387.21.3%2,860.02,894.21.2%Tijuana *981.71,051.87.1%1,934.02,066.76.9%Los Cabos1,199.91,224.42.0%2,607.82,607.3(0.0%)Puerto Vallarta897.7849.1(5.4%)2,441.52,321.6(4.9%)Montego Bay1,285.11,264.7(1.6%)2,742.42,603.7(5.1%)Guanajuato242.2252.74.3%489.3515.75.4%Hermosillo20.319.2(5.2%)43.640.1(7.9%)Kingston419.2453.58.2%810.6881.58.7%Morelia156.8155.9(0.6%)313.9330.15.1%Mexicali2.11.8(14.1%)3.83.6(4.0%)La Paz2.98.9202.1%6.117.6186.1%Aguascalientes81.782.50.9%151.2156.23.3%Los Mochis2.02.0(0.2%)4.03.9(3.2%)Manzanillo15.918.315.2%56.162.210.8%Total6,677.36,771.81.4%14,464.414,504.20.3% *CBX users are classified as international passengers.Total Terminal Passengers – 14 airports (in thousands):Airport2Q242Q25Change6M246M25ChangeGuadalajara4,364.64,478.12.6%8,526.59,006.35.6%Tijuana *3,079.53,191.03.6%6,017.46,263.34.1%Los Cabos1,890.51,964.03.9%3,936.24,015.92.0%Puerto Vallarta1,640.31,679.52.4%3,758.93,805.61.2%Montego Bay1,285.11,264.7(1.6%)2,742.42,603.7(5.1%)Guanajuato756.5829.49.6%1,487.51,608.18.1%Hermosillo551.2564.72.4%1,032.01,094.36.0%Kingston419.8453.58.0%811.8881.78.6%Morelia310.1329.06.1%613.4689.312.4%Mexicali228.5307.534.6%518.4602.416.2%La Paz291.0337.015.8%565.6626.310.7%Aguascalientes247.9249.80.8%459.8475.33.4%Los Mochis143.8181.426.1%272.0348.328.0%Manzanillo46.249.77.5%122.4128.34.9%Total15,254.715,879.44.1%30,864.232,148.74.2% *CBX users are classified as international passengers.CBX Users (in thousands):Airport2Q242Q25Change6M246M25ChangeTijuana965.71,031.46.8%1,907.62,029.66.4% Consolidated Results for the Second Quarter of 2025 (in thousands of pesos): 2Q242Q25ChangeRevenues Aeronautical services4,560,960 5,763,188 26.4%Non-aeronautical services1,722,735 2,442,659 41.8%Improvements to concession assets (IFRIC-12)975,327 2,676,149 174.4%Total revenues7,259,022 10,881,996 49.9% 6,283,695 8,205,847 30.6%Operating costs Costs of services:1,213,842 1,522,382 25.4%Employee costs490,716 638,722 30.2%Maintenance180,485 256,830 42.3%Safety, security & insurance199,802 232,516 16.4%Utilities130,036 148,732 14.4%Business operated directly by us72,549 86,632 19.4%Other operating expenses140,254 158,950 13.3% Technical assistance fees202,174 221,680 9.6%Concession taxes678,595 968,933 42.8%Depreciation and amortization687,351 924,959 34.6%Cost of improvements to concession assets (IFRIC-12)975,327 2,676,149 174.4%Other (income)(9,042)(10,461)15.7%Total operating costs3,748,247 6,303,642 68.2%Income from operations3,510,775 4,578,354 30.4%Financial Result(663,157)(733,545)10.6%Income before income taxes 2,847,618 3,844,809 35.0%Income taxes(594,903)(1,189,674)100.0%Net income 2,252,715 2,655,135 17.9%Currency translation effect659,054 (423,527)(164.3%)Cash flow hedges, net of income tax(20,164)2,668 (113.2%)Remeasurements of employee benefit – net income tax2,276 667 (70.7%)Comprehensive income 2,893,881 2,234,943 (22.8%)Non-controlling interest(95,925)(90,951)(5.2%)Comprehensive income attributable to controlling interest2,797,956 2,143,992 (23.4%) 2Q242Q25ChangeEBITDA4,198,126 5,503,313 31.1%Comprehensive income2,893,881 2,234,943 (22.8%)Comprehensive income per share (pesos)5.7273 4.4232 (22.8%)Comprehensive income per ADS (US dollars)3.4591 2.1621 (37.5%) Operating income margin48.4%42.1%(13.0%)Operating income margin (excluding IFRIC-12)55.9%55.8%(0.1%)EBITDA margin57.8%50.6%(12.6%)EBITDA margin (excluding IFRIC-12)66.8%67.1%0.4%Costs of services and improvements / total revenues30.2%38.6%27.9%Cost of services / total revenues (excluding IFRIC-12)19.3%18.6%(4.0%) - Net income and comprehensive income per share for 2Q25 and 2Q24 were calculated based on 505,277,464 shares outstanding as of June 30, 2025, and June 30, 2024, respectively. Figures in U.S. dollar were converted from pesos using an exchange rate of Ps. 18.2610 per U.S. dollar, as published by the U.S. Federal Reserve Board (noon buying rate) on June 30, 2025.- For consolidating the Jamaican airports, an average exchange rate of Ps. 19.5453 per U.S. dollar was used, corresponding to the three-month period ended June 30, 2025.Revenues (2Q25 vs. 2Q24)Aeronautical services revenues increased by Ps. 1,202.2 million, or 26.4%.Non-aeronautical services revenues increased by Ps. 719.9 million, or 41.8%.Revenues from improvements to concession assets increased by Ps. 1,700.8 million, or 174.4%.Total revenues increased by Ps. 3,623.0 million, or 49.9%.The change in aeronautical services revenues was primarily due to the following factors:Revenues from Mexican airports increased by Ps. 1,067.3 million, or 27.6%, compared to 2Q24, mainly due to a Ps. 951.6 million or 22.5% increase in the passenger fee revenue, driven by the higher airport maximum tariffs approved for the new 2025–2029 regulatory period, effective as of March 2025, and by a 4.5% increase in passenger traffic during the quarter.Revenues from Jamaican airports increased by Ps. 134.9 million, or 19.3%, compared to 2Q24, mainly due to the depreciation of the Mexican peso against the U.S. dollar, which moved from an average exchange rate of Ps. 17.2106 in 2Q24 to Ps. 19.5453 in 2Q25, resulting in higher revenues in pesos. Additionally, there was a 0.8% increase in passenger traffic during the quarter.The change in non-aeronautical services revenues was primarily driven by the following factors:Revenues from Mexican airports increased by Ps. 676.2 million, or 45.9%, compared to 2Q24. Revenues from businesses operated directly by us increased by Ps. 582.8 million, or 116.7%, mainly due to the consolidation of revenues from the cargo and bonded warehouse business, which contributed Ps. 477.1 million. Revenues from businesses operated by third parties increased by Ps. 85.5 million, or 9.2%, primarily driven by the opening of new commercial spaces and the renegotiation of commercial contracts. The fastest-growing business lines were food and beverage, retail stores, duty-free, timeshares, and ground transportation, which together increased by Ps. 90.4 million, or 15.3%.Revenues from Jamaican airports increased by Ps. 43.7 million, or 17.4%, compared to 2Q24. In U.S. dollar terms, revenues rose by USD $0.6 million, or 8.2%, further benefiting from a 13.6% depreciation of the Mexican peso against the U.S. dollar compared to 2Q24. 2Q242Q25ChangeBusinesses operated by third parties: Food and beverage290,715342,67917.9%Duty-free183,384208,16013.5%Car rental204,578211,1283.2%Retail159,927191,43119.7%Leasing of space120,804112,962(6.5%)Other commercial revenues61,50159,010(4.1%)Timeshares55,36767,81822.5%Ground transportation46,67651,1969.7%Communications and financial services27,55928,8374.6%Total1,150,5111,273,22110.7% Businesses operated directly by us: Cargo operation and bonded warehouse31,218514,1131546.8%Car parking169,356177,8725.0%Convenience stores135,464161,58819.3%VIP Lounges120,862168,32139.3%Hotel operation18,25136,882102.1%Advertising42,40043,3662.3%Total517,5511,102,141113.0%Recovery of costs54,67467,29723.1%Total Non-aeronautical Revenues 1,722,7352,442,65941.8% Figures expressed in thousands of Mexican pesos.‐ Revenues from improvements to concession assets 1Revenues from improvements to concession assets (IFRIC-12) increased by Ps. 1,700.8 million, or 174.4%, compared to 2Q24. The change was composed of:Improvements to concession assets at the Company's Mexican airports, which increased by Ps. 1,703.1 million, or 191.1%, following investments under the Master Development Program for the 2025-2029 period.Improvements to concession assets at the Company's Jamaican airports, which decreased Ps. 2.3 million, or 2.7%. 1 Revenues from improvements to concession assets are recognized in accordance with International Financial Reporting Interpretation Committee 12 "Service Concession Arrangements" (IFRIC 12). However, this recognition does not have a cash impact or impact on the Company's operating results. Amounts included as a result of the recognition of IFRIC 12 are related to construction of infrastructure in each quarter to which the Company has committed. This is in accordance with the Company's Master Development Programs in Mexico and Capital Development Programs in Jamaica. All margins and ratios calculated using "Total Revenues" include revenues from improvements to concession assets (IFRIC 12), and, consequently, such margins and ratios may not be comparable to other ratios and margins, such as EBITDA margin, operating margin or other similar ratios that are calculated based on those results of the Company that do have a cash impact.Total operating costs increased by Ps. 2,555.4 million, or 68.2%, compared to 2Q24, primarily due to a Ps. 1,700.8 million increase in the cost of improvements to concession assets (IFRIC-12), a Ps. 308.5 million, or 25.4%, increase in the cost of services, driven mainly by the consolidation of the cargo and bonded warehouse business, which contributed Ps. 160.1 million; an increase of Ps. 309.8 million, or 35.2%, in concession fees and technical assistance fees; and higher depreciation and amortization, up Ps. 237.6 million, or 34.6%, due to the recognition of fair values related to the cargo and bonded warehouse business. Excluding the cost of improvements to concession assets (IFRIC-12), operating costs increased by Ps. 854.6 million, or 30.8%.This increase in total operating costs was primarily due to the following factors: Mexican airports: Operating costs increased by Ps. 2,467.5 million, or 83.7%, compared to 2Q24, mainly due to a Ps. 1,703.1 million or 191.1% increase in cost of improvements to the concession assets (IFRIC-12), a Ps. 274.6 million or 27.1% increase in the cost of services, a Ps. 210.2 million, or 37.0% increase in depreciation and amortization, and a Ps. 280.2 million or 57.6% combined increase in technical assistance fees and concession fees. Excluding construction costs (IFRIC 12), operating expenses increased by Ps. 764.4 million, or 37.2%.The change in the cost of services at our Mexican airports during 2Q25 was mainly due to:Employee costs increased by Ps. 134.2 million, or 30.8%, mainly due to the consolidation of the cargo and bonded warehouse business, which contributed Ps. 86.5 million.Maintenance rose by Ps. 77.1 million, or 54.5%, due to the opening of new operational areas, airfield maintenance, the operation of jet bridges by Ps. 44.4 million, and the consolidation of the cargo and bonded warehouse business, which contributed Ps. 8.4 million.Other operating expenses increased by Ps. 29.3 million, or 15.3%, primarily due to higher consulting services and travel expenses of Ps. 11.7 million, and the consolidation of the cargo and bonded warehouse business of Ps. 12.4 million.Safety, security and insurance rose by Ps. 17.7 million, or 11.7%, driven by an increase in security personnel, minimum wage adjustments, changes in the Federal Labor Law, the opening of additional operational areas, and Ps. 4.8 million from the consolidation of the cargo and bonded warehouse business.Jamaican Airports:Operating costs increased by Ps. 87.9 million, or 11.0%, compared to 2Q24, mainly due to a Ps. 33.9 million, or 16.9%, increase in the cost of services, a Ps. 29.7 million, or 7.5%, an increase in concession fees, and a Ps. 27.3 million, or 22.9%, increase in depreciation and amortization, partially offset by a Ps. 2.3 million, or 2.7%, decrease in the cost of improvements to concession assets (IFRIC-12).Operating income margin went from 48.4% in 2Q24 to 42.1% in 2Q25. Excluding the effects of IFRIC-12, the operating income margin went from 55.9% in 2Q24 to 55.8% in 2Q25. Income from operations increased by Ps. 1,067.6 million, or 30.4%, compared to 2Q24.EBITDA margin went from 57.8% in 2Q24 to 50.6% in 2Q25. Excluding the effects of IFRIC-12, EBITDA margin went from 66.8% in 2Q24 to 67.1% in 2Q25. The nominal value of EBITDA increased by Ps. 1,305.2 million, or 31.1%, compared to 2Q24. Financial results increased in expense by Ps. 70.4 million, or 10.6%, from a net expense of Ps. 663.1 million in 2Q24 to Ps. 733.5 million in 2Q25. This change was mainly the result of:Foreign exchange fluctuations, which went from an income of Ps. 80.9 million in 2Q24 to an expense of Ps. 40.3 million in 2Q25, resulting in a foreign exchange loss of Ps. 121.2 million due to the depreciation of the Mexican peso. Additionally, the foreign currency translation effect contributed to a Ps. 1,082.6 million increase in expense compared to 2Q24.Interest expense decreased by Ps. 119.9 million, or 11.6%, compared to 2Q24, mainly due to a decrease in reference rates.Interest income decreased by Ps. 69.3 million, or 24.9%, compared to 2Q24, mainly due to a decrease in the cash and cash equivalents average balance and changes in the reference rates.In 2Q25, net and comprehensive income decreased by Ps. 658.9 million, or 22.8%, compared to 2Q24, mainly due to a Ps. 1,082.6 million increase in foreign currency translation losses versus the same period last year. Income before taxes increased by Ps. 997.2 million, or 35.0%.During 2Q25, net income increased by Ps. 402.4 million, or 17.9%, compared to 2Q24. Income tax for the period increased by Ps. 594.8 million, composed of a Ps. 451.5 million increase in current income tax, and a Ps. 143.3 million decrease in deferred tax benefit, primarily due to lower tax loss carryforwards of Ps. 177.3 million, compared to 2024. This was partially offset by a higher inflation effect, as inflation rose from 0.4% in 2Q24 to 0.9% in 2Q25.Consolidated Results for the Six Months of 2025 (in thousands of pesos): 6M246M25ChangeRevenues Aeronautical services9,523,062 11,762,321 23.5%Non-aeronautical services3,417,140 4,836,535 41.5%Improvements to concession assets (IFRIC-12)2,813,789 5,338,324 89.7%Total revenues15,753,991 21,937,180 39.2% Operating costs Costs of services:2,285,769 3,007,237 31.6%Employee costs949,877 1,252,084 31.8%Maintenance342,282 513,733 50.1%Safety, security & insurance382,022 447,723 17.2%Utilities236,008 273,963 16.1%Business operated directly by us146,160 173,968 19.0%Other operating expenses229,420 345,766 50.7% Technical assistance fees426,536 505,580 18.5%Concession taxes1,393,211 1,990,083 42.8%Depreciation and amortization1,350,300 1,857,534 37.6%Cost of improvements to concession assets (IFRIC-12)2,813,789 5,338,324 89.7%Other (income)(12,392)(36,145)191.7%Total operating costs8,257,212 12,662,613 53.4%Income from operations7,496,778 9,274,567 23.7%Financial Result(1,256,892)(1,663,035)32.3%Income before income taxes 6,239,887 7,611,532 22.0%Income taxes(1,516,453)(2,098,280)38.4%Net income 4,723,434 5,513,253 16.7%Currency translation effectFull story available on Benzinga.com
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