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ADNOC Gas announces Q1 net income of $1.27 billion, up 7% year on year, significantly exceeding market expectations

EBITDA of $2.16 billion, up 4% year on year

Performance driven by domestic gas demand and efficient management of planned shut-down program

ADNOC Gas continues to invest through the cycle to achieve its longer-term EBITDA growth target of over 40%

ABU DHABI, UAE, May 5, 2025 /PRNewswire/ — ADNOC Gas plc and its subsidiaries (together referred to as “ADNOC Gas” or the “Company”) (ADX: ADNOCGAS) (ISIN: AEE01195A234), a world-class integrated gas processing and sales company, today announced net income of $1.27 billion and EBITDA of $2.16 billion for the first quarter of 2025, exceeding the equivalent quarter in 2024 by 7% and 4% respectively.

ADNOC Gas announces Q1 net income of $1.27 billion, up 7% year on year, significantly exceeding market expectations
ADNOC Gas announces Q1 net income of $1.27 billion, up 7% year on year, significantly exceeding market expectations

The performance was driven firstly by continued demand for domestic gas – up on the equivalent quarter last year – as a result of strong economic growth in the UAE, which lifted the total sales volume. Secondly, through efficient management of the planned shut-down program to boost processing capacity, a reduction in the number of days the Company’s plants were offline led to a rise in processed volumes.

Fatema Al Nuaimi, Chief Executive Officer of ADNOC Gas, said: “This has been another outstanding quarterly performance by ADNOC Gas, supported by our resilient business model in a lower oil price market, which significantly exceeded market expectations. These results come on the back of successful supply agreements and the optimization of our ongoing shut-down program designed to power our continued growth. Looking ahead, we will use the strength of our balance sheet to invest through the cycle as we seek to realize EBITDA* growth of over 40% between 2023 and 2029.”

ADNOC Gas signed a series of mid to long term LNG supply agreements valued at circa $9 billion with the Indian Oil Corporation and JERA Global Markets of Japan during Q1, reinforcing its role as a leading supplier of lower-carbon fuel. The agreements support the growth of the Company’s international customer base as well as the transformation of global energy systems. 

Q1 also saw a year-on-year uplift in CAPEX of 43% as ADNOC Gas continues to make the necessary investments through the cycle to grow the business and achieve its longer-term EBITDA targets. Project implementation remains on track, with the Company expecting to take a Final Investment Decision on its Rich Gas Development project in 2025.

As a result of the recently completed marketed offering of 3.1 billion shares in ADNOC Gas in which the free float increased by 4% to 9%, the Company is eligible for potential inclusion in the MSCI and FTSE indices as early as June and September respectively.

$ Million

Q1 24

Q4 24

Q1 25

YoY %

QoQ %

Q1 25 vs. Q1 24

Q1 25 vs. Q4 24

Revenue

6,011

6,060

6,099

1 %

1 %

COGS

-3,410

-3,299

-3,455

1 %

5 %

Opex

-525

-479

-485

-8 %

1 %

EBITDA

2,076

2,282

2,159

4 %

-5 %

Net Inco me

1,187

1,381

1,270

7 %

-8 %

EBITDA Margin

34.5 %

37.7 %

35.4 %

87bps

-226bps

Net Income Margin

19.7 %

22.8 %

20.8 %

107bps

-197bps

Free Cash Flow

(ex-working capital)

1,144

965

1,214

6 %

26 %

Alternative performance measures:

•  Financial information as presented above includes ADNOC Gas’ proportionate consolidation of
JVs financial results.

•  EBITDA includes proportionate consolidation of JVs and represents Earnings Before Interest,
Tax, Depreciation and Amortization.

•  Free cash flow (excluding working capital) as presented is based on the IFRS financial statements.

•  The reconciliation between the financial data as presented and the IFRS financial statements is
presented in the Management Discussion & Analysis Report.

*Assumes a flat oil price of $70/bbl between 2025 and 2029 and, in addition, the proportional consolidation of Ruwais LNG following completion and transfer to ADNOC Gas.

About ADNOC Gas

ADNOC Gas, listed on the ADX (ADX symbol: “ADNOCGAS” / ISIN: “AEE01195A234”), is a world-class, large-scale integrated gas processing and sales company operating across the gas value chain, from receipt of feedstock from ADNOC through large, long-life operations for gas processing and fractionation to the sale of products to domestic and international customers. ADNOC Gas supplies approximately 60% of the UAE’s sales gas needs and supplies end-customers in over 20 countries.  To find out more, visit: www.adnocgas.ae

(X) @ADNOCGas

For investor inquiries, please contact:
Christian Audi
Vice President, Investor Relations
+971 (2) 6037366
ir@adnocgas.ae

 

Tianneng makes an appearance at the AsiaBike Exhibition

JAKARTA, Indonesia, May 5, 2025 /PRNewswire/ — From April 29 to May 4, the Asia Bike 2025 Indonesia was held at the Jakarta International Exhibition Center. As a global green energy solution provider, Tianneng Battery brought a series of multi-scenario power solutions covering multiple application scenarios such as transportation and industrial logistics, and was invited to participate in the Technology Development Forum held at the same time as the exhibition, formally introducing the power battery solutions developed for high temperature and high humidity environments such as Indonesia and the future market layout plan to the industry and the market.

At this exhibition, Tianneng focused on exhibiting a diversified product system including high-temperature lead-acid batteries, lithium battery solutions and traction batteries, which fully demonstrated the company’s system layout capabilities and technological innovation level in the field of power energy.

At the Technology Development Forum held at the same time, Tianneng, as a specially invited corporate representative, systematically introduced the technical characteristics, performance advantages and market adaptability of its high-temperature power batteries, focusing on the hot and rainy climate conditions unique to the Indonesian market, and the high-frequency usage scenarios of electric two-wheeled and three-wheeled vehicles.

Daesang Showcases Jongga and O’Food at SIAL Canada 2025, Strengthening Its Presence in North America

– Operated Jongga and O’Food booths at Toronto’s leading food exhibition from April 29 to May 1
– Highlighted the excellence of global strategic products—kimchi, seaweed, sauces, and home meal replacement (HMR)—while engaging visitors with tastings and giveaways

SEOUL, South Korea, May 5, 2025 /PRNewswire/ — Daesang announced on May 2 that it successfully promoted its flagship brands, Jongga and O’Food, at SIAL Canada 2025, held in Toronto from April 29 to May 1, further reinforcing its global competitiveness in the North American market.

Daesang Showcases Jongga and O’Food at SIAL Canada 2025, Strengthening Its Presence in North America
Daesang Showcases Jongga and O’Food at SIAL Canada 2025, Strengthening Its Presence in North America

Recognized as one of North America’s top three food industry exhibitions, SIAL Canada serves as a critical gateway for companies expanding into the region. Alternating annually between Montreal and Toronto, the event covers a broad range of sectors including—retail, food service, and food processing—and attracts over 1,000 companies and brands from 44 countries, along with visitors in excess of 21,000 from 77 countries each year.

At the exhibition, Daesang operated dedicated booths for its kimchi brand Jongga and its global food brand O’Food, spotlighting the excellence of four core strategic product categories: kimchi, seaweed, sauces, and home meal replacements (HMRs). The Jongga and O’Food booths drew significant attention from buyers throughout the event. Daesang achieved notable results, engaging in discussions with major retailers such as Loblaws and Costco regarding the expansion of store placements and the introduction of new products. Currently, Jongga kimchi and O’Food pastes and sauces are available through major mainstream distribution channels in Canada, including Costco, Walmart, Loblaws, Sobeys, and T&T, consistently garnering strong support from local consumers.

During the exhibition, Daesang organized tasting events that offered a diverse culinary experience. Highlights included hors d’oeuvres featuring Jongga’s signature products—Mat Kimchi, Hanip Chonggak Kimchi (ponytail radish kimchi), LF(Lightly Fermented) Baek Kimchi (white kimchi), and Crunch Kimchi—as well as modern reinterpretations of Korean flavors such as Gochujang Ranch and Ssamjang Mayo, all of which received enthusiastic praise from visiting buyers. Other showcased dishes, such as Jongga Kimchi Ramen, known for its light and clean broth flavor, and Jang Ramen, celebrated for its rich traditional sauce, also earned high acclaim.

To further engage visitors, Daesang hosted a series of giveaway events at the booths. Guests who followed the official Jongga Global and O’Food Global Instagram accounts on-site received a complimentary O’Food × Jongga Kimchi Ramen, while participants in the QR code event were gifted eco-friendly tote bags, adding energy and excitement to the booth atmosphere.

Jennifer Lee, Head of Global Kimchi Business Unit, Daesang Corporation, said: “Participating in SIAL Canada 2025 was a tremendous opportunity to showcase the excellence of Jongga and O’Food products to the North American market and strengthen connections with local buyers.” Lee added, “Having reaffirmed our global competitiveness, we will continue to pursue targeted strategies—such as developing products tailored to local tastes and expanding our distribution networks—to further drive our growth in global exports.” 

About Daesang Corporation 

Founded in 1956, Daesang Corporation has been one of the world’s largest producers of fermented food products for over 60 years, and has grown to be the global leading Korean based food company by operating global brands such as Jongga, and O’Food which provides sauce, ready-to-eat meals, and many more products. Headquartered in South Korea, the company has also manufacturing subsidiaries in United States, Poland, China, Indonesia, and Vietnam. Visit www.daesang.com/en for more information. 

About Jongga 

In Korean, the word ‘Jongga’ refers to the careful craft and mastery of passing down authentic recipes from one generation to the next. Since 1956, Daesang Corporation has been a leader in Korean pantry staples, and its Jongga brand has been the number one producer of authentic kimchi in Korea since 1987. As the first brand to commercialize packaged kimchi globally, it is also the leading imported Korean kimchi brand in the United States. 

Jongga Kimchi products are made with quality ingredients, are plant-forward, gluten-free, probiotic-rich, and are available across the world. Since developing the starter bacteria to control the vegetable fermentation process, Jongga Kimchi encourages lactic acid and bacteria while discouraging other microbes, making the fermentation process safe and stable, delivering high quality kimchi with deep flavor. This also makes kimchi a probiotic-rich dish with many health benefits, helping to balance the immune system, offering antiviral effects. 

About O’food

O’food is a leading global Korean food brand, introducing a variety of Korean comfort foods to the world. O’food is committed to make people’s lives and food more enjoyable and surprising by adding a Korean Twist. As such, ‘O’ stands for our ongoing creative effort to put a Korean twist on global taste.  

eM Client version 10.3 adds features familiar from Postbox

PRAGUE, THE CZECH REPUBLIC – Newsaktuell – 5 May 2025 – The Czech company eM Client has launched a new version of its eponymous email application, positioning their software as the primary rival to Microsoft Outlook in the email app market. The most recent release, version 10.3, also incorporates the most popular features from Postbox, an email application developed by Postbox Inc., which has ceased operations and was acquired by eM Client in 2024.

eM Client 10.3 aims to make the transition for Postbox users as easy as possible by adding many unique and powerful Postbox features that significantly boost eM Client’s ability to smoothly and efficiently tackle a busy inbox. New features include:

  • Account Groups — enabling users to gather similar email accounts together
  • Profiles — allows users to separate data, for example, for home and work use
  • Single-stroke keyboard shortcuts – for rapidly navigating, categorizing, and filing email, including Quick Move, Quick Copy, Quick Tag and more
  • Signature and QuickText libraries — pre-made formatted signatures and text snippets you can save or insert into your messages
  • New rules actions — playing a sound or inserting words at the beginning or end of a subject line.
  • Visual differences between event statuses — Free, Busy, Tentative, and Out of Office statuses have different opacity and hatching.

In its 18 years of existence, eM Client has become a comprehensive tool for managing emails, as well as calendar, contacts, tasks and notes. It also features integrated chat, including support for group chats such as Microsoft Teams, Slack and Rocket.Chat.

All this new and improved functionality folds perfectly into eM Client’s industry-leading feature set that includes conversation view, inbox categories, quick translation, email snooze, and support for tags, signatures, templates, quick text snippets and macros. eM Client also recently introduced full AI integration.

eM Client offers both subscription pricing and one-time purchase options, and has welcomed Postbox users with a significant limited-time discount as another way of helping ease their transition to our friendly and powerful software.

Hashtag: #eMClient

The issuer is solely responsible for the content of this announcement.

About eM Client

eM Client (emclient.com) was founded in 2006 with a clear goal: to develop the best email application. eM Client combines broad functionality with a modern and intuitive interface. Its qualities, including professional support, are appreciated by more than 2,500,000 users and 100,000 companies worldwide.

Autozi Internet Technology (Global) Ltd. Achieves Revenue of $124.7 million, Up 9.9% Year-on-Year in FY2024

BEIJING, May 5, 2025 /PRNewswire/ — In January 2025, Autozi Internet Technology (Global) Ltd. (Nasdaq: AZI) officially released its financial results for the fiscal year ended September 30, 2024, reporting steady and solid growth. In FY2024, Autozi’s revenue reached $124.7 million, an increase of 9.9% year-on-year; gross profit increased significantly, up 152.6% year-on-year; operating expenses decreased by 14.3%.

Double Growth in Revenue and Gross Profit

According to the financial results, Autozi’s revenue performance was solid, reaching $124.7 million, a year-over-year increase of 9.9%; gross profit was $1.3 million for FY 2024, an increase of 152.6%; operating expenses decreased by 14.3% to $6.7 million in FY 2024 from $7.8 million in the prior year.

The performance of the auto parts and accessories sales business was particularly outstanding, with a significant increase of 86.1% in revenue, accounting for 55% of total revenue. In the future, Autozi will continue to emphasize this high-margin, growth-oriented market segment, to further consolidate its competitive advantages.

Strategic Transformation and Business Optimization Yield Results

In order to deeply cultivate high-potential areas, Autozi has made a series of strategic adjustments: it terminated its automobile insurance service business at the end of FY2023, and gradually downsized its new car sales business in FY2024, with a full strategic focus on the sales of auto parts and accessories.

The company proactively adapted to market shifts by leveraging advanced technologies, such as artificial intelligence, big data and the Internet of Things, to continuously improve the responsiveness of its supply chain cloud platform. Meanwhile, it continued to optimize its cost structure and enforce rigorous cost control policies, while improving operational efficiency to comprehensively boost profitability.

In addition, the company is actively expanding its cooperation network. In recent months, Autozi has entered into cooperation with 12 provincial distributors, and established logistics cooperation in 8 provinces, enhancing its market coverage and supply chain efficiency.

Promoting Supply Chain Digitalization and Intelligence Upgrade

Dr. Houqi Zhang, Founder, Chairman, and Chief Executive Officer of Autozi commented, “We are actively exploring opportunities to expand our multi-business ecosystem, pursuing strategic acquisitions in key verticals to strengthen our leadership in the industry. We remain committed to optimizing our capital structure to ensure a robust financial position, to support our long-term strategic objectives and create sustainable value for our shareholders.”

In the future, Autozi will continue to work on the automotive aftermarket parts supply chain cloud platform,to drive the industry’s digital upgrading and supply chain innovation. Backed by enhanced digital capabilities and an expanding partner network, the company is expected to maintain a solid growth trend in the coming years.

About Autozi

Autozi Internet Technology (Global) Ltd. is a leading, fast-growing provider of lifecycle automotive services in China. Founded in 2010, Autozi offers a comprehensive range of high-quality, affordable, and professional automotive products and services through both online and offline channels across the country. Leveraging its advanced online supply chain cloud platform and SaaS solutions, Autozi has built a dynamic ecosystem that connects key participants across the automotive industry. This interconnected network enables more efficient collaboration and streamlined processes throughout the entire supply chain, positioning Autozi as a key driver of innovation and growth in the automotive services sector.

Safe Harbor Statement

This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995, including but not limited to statements related to Autozi’s cash position, financial resources and potential for future growth, market acceptance and penetration of new or planned product offerings, and future recurring revenues and results of operations. These forward-looking statements can be identified by terminology such as “aim,” “anticipate,” “believe,” “estimate,” “expect,” “hope,” “going forward,” “intend,” “ought to,” “plan,” “project,” “potential,” “seek,” “may,” “might,” “can,” “could,” “will,” “would,” “shall,” “should,” “is likely to” and the negative form of these words and other similar expressions. Among other things, statements that are not historical facts, including statements about the Company’s beliefs and expectations are or contain forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement. All information provided in this press release is as of the date of this press release and is based on assumptions that the Company believes to be reasonable as of this date, and the Company does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

Contact Information

Autozi Internet Technology (Global) Ltd.
Ms. June Wang
Email: Jun.Wang@Autozi.com

U Power Limited (NASDAQ:UCAR) Partners with Sumitomo Mitsui to Deliver Southeast Asia’s First Battery-Swapping Taxi Fleet in Phuket

PHUKET, Thailand, May 5, 2025 /PRNewswire/ — U Power Limited (Nasdaq: UCAR), a global leader in a global leader in green smart energy grid innovation, announced that its Thai subsidiary, USWAP Co., Ltd., has successfully delivered 21 battery-swapping-enabled MG EP vehicles to Auto Drive EV Public Company Limited, a leading mobility service provider in Thailand, through a strategic partnership with Sumitomo Mitsui Auto Leasing & Service (Thailand) Co., Ltd. The vehicles will be deployed to enhance sustainable taxi operations across the island of Phuket, a world-renowned tourist destination. This landmark transaction marks the deployment of Southeast Asia’s first fleet of battery-swapping taxis, setting a new benchmark for sustainable transportation in the region.

Pioneering Battery-Swapping Green Mobility in Southeast Asia

The vehicles are equipped with U Power’s proprietary UOTTA fully automated battery-swapping technology, showcased at the 2025 Bangkok International Motor Show. This system enables a full battery replacement in just 3 minutes, ensuring minimal downtime for taxis, maximizing operational efficiency, and uninterrupted service for passengers. The deployment aligns with Thailand’s EV 3.5 Policy, which aims to subsidize EV adoption and establish a nationwide charging/swapping network by 2027.

A Model for Sustainable Tourism

Phuket, a hub for international tourism, faces growing demand for efficient and environmentally responsible transportation. The deployment of battery-swapping fleet will not only improve air quality but also position the island as a leader in adopting smart EV solutions. The battery-swapping infrastructure, supported by U Power’s network, ensures operational efficiency and cost-effectiveness for Auto Drive’s taxi operators.

Leadership Insights

Johnny Lee, CEO of U Power Limited: “This delivery is not just a milestone for USWAP but a leap forward for Southeast Asia’s EV transition. By partnering with Sumitomo Mitsui Auto Leasing and Auto Drive, we are proving that battery-swapping technology can revolutionize urban mobility while aligning with Thailand’s carbon neutrality goals.” 

Representative of Sumitomo Mitsui Auto Leasing & Service (Thailand): Our financing model bridges the gap between cutting-edge technology and market accessibility. This project exemplifies how financial innovation can drive sustainable development in the EV sector.”

Dr. Akaranun Ariyasripong, Chairman of Auto Drive EV Public Company Limited, revealed, “The integration of U Power’s vehicles into Auto Drive’s fleet reinforces our commitment to delivering up to 2,000 electric taxis within 2025 and reducing carbon emissions in key tourist cities. The partnership includes comprehensive support for battery-swapping infrastructure, operational management, and financial services.”

Market Impact and Future Plans

This initiative establishes Thailand as a leading hub for EV innovation in ASEAN. USWAP is expanding its battery-swapping network across key urban centers and major transportation routes, with a focus on commercial applications including taxis, trucks, and logistics fleets. As Thailand’s EV market continues its rapid growth, U Power’s technology provides solutions to critical energy replenishment and grid stability challenges.

About U Power Limited

U Power Limited (Nasdaq: UCAR) is a vehicle sourcing services provider with a vision to become an EV market player primarily focused on its proprietary battery-swapping technology, UOTTA technology. UOTTA is an intelligent modular battery-swapping solution designed to provide comprehensive battery power solutions for EVs. Since its inception in 2013, U Power has established a vehicle sourcing network in China’s lower-tier cities, developed multi-types of battery-swapping stations for compatible EVs, and operates a manufacturing facility in Zibo City, Shandong Province, China.

For more information, please visit: https://www.upower-limited.com/ 

About SMAT

Sumitomo Mitsui Auto Leasing & Service (Thailand) Co., Ltd. (SMAT) is a leading provider of corporate vehicle leasing and fleet management solutions in Thailand. Established in 2003 as a subsidiary of Japan’s Sumitomo Mitsui Auto Service Co., Ltd., SMAT has over two decades of experience in supporting businesses with comprehensive mobility services and currently manages a fleet of over 10,000 vehicles nationwide.

About Auto Drive

Auto Drive EV Public Company Limited is a pioneering Thai company specializing in electric vehicle (EV) solutions aimed at promoting sustainable transportation and reducing air pollution. In collaboration with Grab Thailand, Auto Drive EV launched the “Electric Taxi Rental Project,” aiming to deploy up to 2,000 electric taxis by 2025 in key tourist cities across Thailand.

Forward-Looking Statements

This press release contains “forward-looking statements.” Forward-looking statements reflect the company’s current view about future events. These forward-looking statements involve known and unknown risks and uncertainties and are based on the company’s current expectations and projections about future events that the company believes may affect its financial condition, results of operations, business strategy, and financial needs.

Investors can identify these forward-looking statements by words or phrases such as “may,” “will,” “could,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “is/are likely to,” “propose,” “potential,” “continue” or similar expressions. The company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent events or circumstances, or changes in its expectations, except as may be required by law.

Although the company believes the expectations expressed in these forward-looking statements are reasonable, it cannot assure that such expectations will turn out to be correct, and the company cautions investors that actual results may differ materially from the anticipated results. Investors are encouraged to review other factors that may affect future results in the company’s registration statement and other filings with the U.S. Securities and Exchange Commission (SEC).

For more information, please visit: https://www.upower-limited.com/

Media Contact: xing.wang@upincar.com

TERREPOWER Appoints Michael Boe as President of Europe Business Unit

DAPHNE, Ala., May 5, 2025 /PRNewswire/ — TERREPOWER, a global leader in sustainable manufacturing, specializing in providing high-quality, reliable products to the automotive and industrial markets, announces the appointment of Michael Boe as President of its Europe business unit, effective May 1, 2025. Boe will be based in Zug, Switzerland and will lead the company’s European operations as it continues to expand its footprint and capabilities across the region.

“Michael’s deep expertise in the automotive aftermarket and proven leadership across complex global operations make him the ideal leader to guide our Europe business into its next phase of growth,” said Duncan Gillis, Chief Executive Officer of TERREPOWER. “We’re excited to have him on board as we position our Europe business for long-term success.”

Boe brings more than 30 years of international experience to the role, most recently serving as Vice President & General Manager, Global Aftermarket at BorgWarner Emission, Thermal & Turbo Systems. In this capacity, he led operations across Europe, North America, South America, and China, and managed a global remanufacturing network spanning Poland, Mexico, China, and Brazil. His leadership covered a wide range of product lines, including transmissions, turbochargers, and ignition systems.

Prior to that, Boe held several senior leadership roles at Meritor, including Managing Director of the company’s Commercial Vehicle Aftermarket business in EMEA and Sales Director for EMEA. In both roles, he drove significant improvements in profitability, operational execution, and customer engagement.

“I’m excited to join TERREPOWER at such a pivotal time in its evolution,” said Boe. “The company’s commitment to innovation and sustainability, paired with its global growth strategy, makes this an incredible opportunity. I look forward to working with the talented team in Europe to build on the strong foundation already in place.”

About TERREPOWER
TERREPOWER, formerly BBB Industries, LLC, is a global leader in sustainable manufacturing, specializing in providing high-quality, reliable products to the automotive and industrial markets. With an extensive footprint and operations throughout North America and Europe, TERREPOWER sustainably manufactures and supplies an assortment of nondiscretionary repair parts across more than 90 countries. Founded in 1987, TERREPOWER has a legacy of innovation and a commitment to advancing the circular economy and extending product lifecycles.

www.terrepower.com

 

Tuna eco claims put to the test: how to buy sustainably

  • A new University of Tasmania (UTAS) report commissioned by the Marine Stewardship Council (MSC) scores canned tuna brands against ACCC Principles for Environmental Claims.
  • New YouGov survey shows canned tuna consumption is rising: 78% of Aussies now say they purchase canned tuna compared to 72% in 2023. Gen Z, Millennials, and young families are driving the increase.

SYDNEY, May 5, 2025 /PRNewswire/ — Australians are being urged to check their cans and look beyond the label of their favourite tuna brands. A new academic study by the University of Tasmania and fresh insights from YouGov reveal which brands deliver on environmental claims — and which fall short.

In a combined report released on World Tuna Day, canned tuna is a pantry staple for 78% of Australians, yet many shoppers remain in the dark about how it’s sourced. The Greenwashing in the Tuna Industry report is the first to assess 14 popular brands against the ACCC’s guidelines for environmental claims, uncovering widespread issues like vague language, omitted details, and a lack of verified evidence.

With the ACCC cracking down on greenwashing, the findings are timely: while 79% of Australians say they try to buy sustainable tuna, only 15% look for independently verified ecolabels like the blue Marine Stewardship Council (MSC) tick, leaving many vulnerable to misleading marketing.

“Without third-party verification, there’s no way to know if tuna comes from healthy, well-managed fisheries — or from sources that contribute to overfishing and habitat damage,” said Anne Gabriel, MSC Program Director, Oceania.

Brands such as Coles, John West, The Stock Merchant, Little Tuna, Walker’s Tuna and Safcol stood out for clear, transparent sustainability messaging aligned with ACCC guidelines. Notably, those carrying MSC certification scored higher overall.

“Our analysis shows independent certification isn’t just helpful — it’s essential,” said lead researcher Associate Professor Dan Daugaard. “Brands with verified claims are more likely to meet standards and earn consumer trust.”

With over half the world’s wild tuna catch now MSC certified, the best way to be sure your seafood supports sustainable fishing is to look for the blue MSC label.

As Gabriel noted, “This is bigger than just what’s in the can. Every purchase is a chance to protect our oceans and support the UN Sustainable Development Goals for life below water and responsible consumption.”