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Jollibee Group Reports Strong Q1 2025, Fueled by Global Expansion with Strong PH and International Growth


SINGAPORE – Media OutReach Newswire – 8 July 2025 – Jollibee Group (PSE: JFC), one of the world’s largest and fastest-growing food service companies, reported robust financial results for the first quarter of 2025, reflecting strong performance both in its Philippine and international markets including continued momentum in key Asian markets such as Singapore, Vietnam, and (West) Malaysia.

Jollibee Group Q1 2025 Financial Highlights show strong sales and revenue growth, with systemwide sales up 18.9% and revenue up 14.6% year-on-year.
Jollibee Group Q1 2025 Financial Highlights show strong sales and revenue growth, with systemwide sales up 18.9% and revenue up 14.6% year-on-year.

Financial Data

Quarter 1 (Unaudited)

In PHP Millions Except for Per Share Data

% Change

2025 2024
System Wide Sales 103, 197 (US$ 1,757) 86,827 (US $1,478) 18.9
Revenues 70,226 (US$ 1,196) 61,304 (US$ 1,044) 14.6
Operating Income 4,809 (US$ 81.9) 4,091 (US$ 69.7) 17.6
EBITDA 9,776 (US$ 166.5) 8,949 (US$ 152.4) 9.2
Net Income 2,499 (US$ 42.6) 2,704 (US$ 46.0) (7.6)
Net Income Attributable to Equity Holders of
the Parent Company 2,406 (US$ 41.0) 2,617 (US $ 44.6) (8.1)
Earnings Per Share – Basic 2.069 (US$ 0.035) 2.244 (US$ 0.038) (7.8)
Earnings Per Share – Diluted 2.062 (US$ 0.035) 2.238 (US$ 0.038) (7.9)

For the quarter ending March 31, 2025, the Jollibee Group reported system-wide sales (SWS) of Php 103.2 billion (US$ 1.76 billion), an increase of 18.9% compared to Php 86.8 billion (US$ 1.48 billion) in the same period last year. Consolidated revenues grew by 14.6% year-over-year to Php 70.2 billion (US$ 1.20 billion). This growth was driven by a combination of 5.5% same store sales growth (SSSG), mainly from volume growth and new store contributions.

Same-Store Sales Growth (SSSG) in the Philippines rose by 8.5%, led by Mang Inasal (+15.9%), Red Ribbon (+11.1%), Jollibee (+8.6%), and Chowking (+6.2%). This drove an 11.9% increase in system-wide sales in Q1 2025, primarily fueled by higher transaction volumes. International SSSG grew slightly by 0.7%, with strong contributions from Europe, Middle East, Asia, and Australia (EMEAA) at +5.3%, North American operations of Asian brands—such as Jollibee, Chowking, and Red Ribbon—at +4.8%, Highlands Coffee +4.4%, Milksha +3.1%, and The Coffee Bean & Tea Leaf (CBTL) +2.8%. The China business declined by 8.3%, although Yonghe King showed sequential improvement in transaction count. Smashburger also posted an 8.0% decline in SSSG, mainly due to lower transaction volumes.

Jollibee Group Global President and CEO Ernesto Tanmantiong commented, “We are pleased with our first quarter performance, particularly the continued growth in international markets such as Singapore, where our brands are gaining deeper resonance with local and regional consumers. We are proud to see our brands thrive in diverse cultural settings affirming our belief in the global appeal of the Jollibee Group portfolio. We are also optimistic about the addition of another strong brand in our portfolio, Tim Ho Wan, which further strengthens our position in one of the world’s most dynamic consumer markets and supports our long-term international growth strategy.”

Jollibee Group’s international business saw system-wide sales (SWS) increase by 29.5%. This performance was significantly supported by the acquisition of Compose Coffee, which contributed 17.8% to the international business’ SWS growth. The Group’s Coffee and Tea segment—now comprising 45.4% of its international SWS—recorded a 62.2% increase, with Compose Coffee accounting for 49% of this growth.

Tim Ho Wan, now 100% owned by the Jollibee Group effective 02 January 2025, contributed to the international business’ growth in the quarter.

Flagship brand Jollibee system-wide sales rose by 13.9% globally, with standout performances in several international markets. The Philippines recorded 13.3% growth, China (Hong Kong and Macau) 12.9%, North America 10.9%, Southeast Asia 27.8%, the Middle East 12.9%, Europe 10.9%, and Guam 20.2%.

These results underscore the Jollibee brand’s growing global appeal and its positioning to win with consumers across diverse international markets. Singapore alongside other Southeast Asia markets continue to play an important role in the Group’s expansion, reflecting increased brand recognition and strong operational performance in the region.

Operating income grew by 17.6% to Php 4.8 billion (US$ 81.9 million), despite a 56.2% increase in advertising and promotions aimed at building brand equity and expanding market reach. The corresponding margin improved by 10 basis points due to higher gross profit levels and a modest rise in general and administrative expenses.

Net income attributable to equity holders of the Parent Company (NIAT) decreased by 8.1% to Php 2.4 billion (US$ 41.0 million), driven by higher below-the-line items. However, quarter-on-quarter, both operating income and NIAT increased by double digits. The year-over-year NIAT decline was largely due to non-operational factors.

Jollibee Group Global Chief Financial and Risk Officer Richard Shin commented, “We delivered strong revenue and operating income growth while investing meaningfully in brand building. Our disciplined execution and solid operational fundamentals helped us expand margins, even with elevated promotional spending. We remain confident in achieving our full-year 2025 guidance.”

As of March 2025, the Jollibee Group’s global store network increased by 44.3% year-over-year to 9,935 stores. This includes 3,393 stores in the Philippines and 6,542 stores internationally, comprising 560 in China, 361 in North America, 393 in EMEAA, 865 with Highlands Coffee primarily in Vietnam, 1,246 with CBTL, 340 with Milksha, 2,700 with Compose Coffee, and 77 with Tim Ho Wan.

The Jollibee Group’s performance in Q1 2025 reflects its focused execution and the strength of its global portfolio. The continued success in Southeast Asia, including Singapore, supports its ambition to become one of the top five restaurant companies in the world.

Corporate Action

On the corporate governance front, the Jollibee Group’s Board of Directors approved the declaration of a regular cash dividend of Php 1.33 (US$ 0.024) per share of common stock on April 14, 2025. The dividend was released on May 16, 2025, to shareholders of record as of May 2, 2025.

Forward-Looking Statement Disclaimer

The foregoing disclosure contains forward-looking statements that are based on certain assumptions of Management and are subject to risks and opportunities or unforeseen events. Actual results could differ materially from those contemplated in the relevant forward-looking statement, and the Jollibee Group gives no assurance that such forward-looking statements will prove to be correct, or that such intentions will not change. This Press Release discloses important factors that could cause actual results to differ materially from the Jollibee Group’s expectations. All subsequent written and oral forward-looking statements attributable to the Jollibee Group or person acting on behalf of the Jollibee Group expressly qualified in their entirety by the above cautionary statements.

Hashtag: #JollibeeGroup

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

About Jollibee Group

The Jollibee Group (PSE: JFC) is one of the world’s fastest-growing restaurant companies, driven by its purpose of spreading joy through superior taste. Its portfolio includes 19 brands with over 9,900 stores across 33 countries.

The Jollibee Group’s portfolio includes nine wholly owned brands (Jollibee, Chowking, Greenwich, Red Ribbon, Mang Inasal, Yonghe King, Hong Zhuang Yuan, Smashburger and Tim Ho Wan), five franchised brands (Burger King, Panda Express, Yoshinoya, Common Man Coffee Roasters, and Tiong Bahru Bakery in the Philippines), and ownership stakes in other key brands like The Coffee Bean and Tea Leaf (80%), Compose Coffee (70%), SuperFoods Group that operates Highlands Coffee (60%), and bubble tea brand Milksha (51%). The Company also has membership interests in Tortazo, LLC, along with Chef Rick Bayless, for Tortazo in the U.S. and has recently invested in Botrista, a leader in beverage technology.

The Jollibee Group’s global sustainability agenda, Joy for Tomorrow, underscores its commitment to sustainable business practices across food safety, employee welfare, community support, good governance, and environmental responsibility, among others. These focus areas are aligned with the United Nations Sustainable Development Goals (UN SDGs).

The Jollibee Group has been recognized as the Philippines’ Most Admired Company by the Asian Wall Street Journal, named one of Asia’s Fab 50 Companies, and listed among Forbes’ World’s Best Employers and Top Female-Friendly Companies. The Company is also a three-time Gallup Exceptional Workplace Award recipient and featured in TIME’s World’s Best Companies and Fortune’s Southeast Asia 500 List.

To learn more about Jollibee Group, visit

US Reduces Tariff on Lao Imports to 40 Percent, Pressure on Trade Remains

US Reduces Tariff on Lao Imports to 40 Percent, Pressure on Trade Remains
US President Donald Trump stops to gesture at the US flag as he walks on the South Lawn from Marine One to the White House in Washington, DC on July 6, 2025, after spending the weekend at his residence in Bedminster, New Jersey. (Photo by Alex WROBLEWSKI / AFP)

The United States has lowered its reciprocal tariff on Lao imports from 48 percent to 40 percent, following President Donald Trump’s latest round of tariff letters to 14 countries. While the reduction offers some relief, the pressure on Laos and other US trade partners remains intense ahead of the 1 August implementation deadline.

Dorsett Mongkok Grants Travellers’ 3 Wishes: 3 Extra Perks, 26-Hour Stays & 20% Savings on Direct Bookings

With Easy 5-stop Disneyland access & free shuttle to Hong Kong’s top attractions


HONG KONG SAR – Media OutReach Newswire – 8 July 2025 – This summer, experience Hong Kong’s magic at Dorsett Mongkok, the award-winning 4-star hotel crowned a TripAdvisor Traveller’s Choice for 13 consecutive years. Located just 5 MTR stops (28 minutes) from Hong Kong Disneyland – where the 20th Anniversary “Magical Party” begins June 28, 2025 – the hotel invites travellers to book its exclusive “Dorsett 3 Wishes” package at 20% off best available rates.

Dorsett Mongkok Grants Travellers' 3 Wishes: 3 Extra Perks, 26-Hour Stays & 20% Savings on Direct Bookings

Guests may personalize their stay by choosing any three perks from options such as Airport Express tickets, a complimentary dim sum meal, room upgrades and more. The official website exclusive includes a 26-hour stay with flexible check-in/out times plus two bonus hours.

Walkable Foodie Paradise + Shuttle-Access To Hong Kong’s Best

Dorsett Mongkok offers an ideal location in the heart of Hong Kong’s attractions, surrounded by Michelin-recommended street food and renowned dim sum restaurants. The property sits just a 7-minute walk from Olympic MTR Station and Olympian City shopping mall. For further exploration, the hotel’s convenient shuttle service provides direct access to popular destinations including Ladies Market, Temple Street Night Market, Tsim Sha Tsui Promenade, and West Kowloon – home to Hong Kong’s premier cultural attractions such as the M+ Museum and Palace Museum.

Personalized Hong Kong Escape: 3 Complimentary Perks with 26-Hour Stay

Guests can unlock 20% off best rates for stays of two nights or more through the Dorsett 3 Wishes room package, featuring three complimentary perks to choose from:

  • Airport Express Ticket
  • Premium Dim Sum Set
  • Local Cha Chaan Teng Meal
  • Local SIM card
  • Tourist Octopus
  • Free Room Upgrade & more…

Guests who book directly through the hotel’s official website unlock an exclusive 26-hour stay – with fully flexible check-in/out times designed for early bird arrivals or late-night city explorers.

The ultimate Hong Kong itinerary begins here – BOOK DIRECT to claim 3 complimentary wishes!

*T&Cs apply.

Hashtag: #DorsettMongkok

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

Dorsett Mongkok, Hong Kong

This 13-time TripAdvisor Traveller’s Choice winner features 285 rooms, including Family Quad Rooms for four. Ideally located between Mong Kok and Tai Kok Tsui, the hotel is just 7 minutes from Olympic MTR Station, surrounded by local eateries, with complimentary shuttles to Tsim Sha Tsui and West Kowloon. Visit:

PTT Oil and Retail Business Posts Record Q1 2025 Profit, Extends Regional Growth with ESG-Led Expansion


BANGKOK, THAILAND – Media OutReach Newswire – 8 July 2025 – PTT Oil and Retail Business Public Company Limited (OR), the retail and lifestyle arm of Thailand’s PTT Group, reported record earnings for the first quarter of 2025, signaling strong momentum from its cross-border expansion and ESG-driven strategy across energy and lifestyle verticals.

M.L. Peekthong Thongyai, CEO of OR, presents Q1/2025 results and strategic vision for regional and sustainable growth.
M.L. Peekthong Thongyai, CEO of OR, presents Q1/2025 results and strategic vision for regional and sustainable growth.

The company posted THB 182.4 billion in revenue for the quarter, with net profit rising to THB 4.38 billion—a 46% increase from the previous quarter and 17.6% higher year-on-year. EBITDA climbed to THB 6.48 billion, up 32.7% quarter-on-quarter and 5.0% year-on-year, driven by gains in its Global and Lifestyle businesses alongside cost discipline and margin improvements in key segments.

Higher gross profit per liter and operational efficiency, particularly in Laos, the Philippines, and Cambodia, helped lift EBITDA by THB 311 million compared to the same period last year. Consumer resilience and sharper cost control also buoyed margins in OR’s Lifestyle segment. While Mobility margins were pressured by softer spreads—especially in aviation fuel—overall performance held firm on reduced personnel and outsourcing costs.

Equity investment gains added THB 657 million, contributing to the bottom line and further affirming the group’s diversified growth engine.

“This quarter’s performance reflects the resilience of our business model and the clarity of our long-term direction,” said M.L. Peekthong Thongyai, Chief Executive Officer of OR. “We are expanding with purpose—delivering value for people, prosperity for communities, and care for the planet.”

At the center of that strategy is OR’s People-Performance-Planet framework, which underpins its approach to investment, innovation, and regional growth.

The expansion of EV Station PluZ, now present in all 77 provinces of Thailand, underscores the company’s commitment to clean mobility. At the same time, OR’s signature brand Café Amazon continues to scale across Southeast Asia, with 391 outlets outside Thailand and over 112 million cups sold in Q1 alone.

OR’s Global Business segment reported a 30.8% year-on-year increase in sales volume, with EBITDA rising 81.5%. The company now operates 415 PTT Stations and 391 Café Amazon outlets across Asia, including Cambodia, Laos, Philippines, Vietnam, Malaysia, Oman, Saudi Arabia, Bahrain, and Japan

“This isn’t just about selling fuel or coffee,” Peekthong said. “It’s about building platforms that empower local economies, foster entrepreneurship, and deliver long-term, sustainable growth.”

The strategy echoes OR’s “They Grow, We Grow” philosophy, which emphasizes empowering local partners as the foundation of international expansion.

Outside the energy sphere, OR continues to sharpen its lifestyle and digital businesses. Non-oil operations contributed 27.5% of Q1 EBITDA, led by strong performance in retail, food & beverage, and franchising. The company is also investing in circular economy models, digital platforms, and sustainable products to reinforce long-term value creation.

Looking ahead, OR is positioning for entry into the virtual banking sector, leveraging its wide-reaching commercial network and extensive customer database to offer personalized, accessible financial services. The move is seen as a natural extension of its strategy to become a daily-life platform for consumers.

The company’s financial health remains solid. TRIS Rating reaffirmed OR’s corporate credit rating at AA+ with a stable outlook for the third consecutive year, reflecting both financial discipline and strategic continuity.

Armed with that momentum, OR is pushing deeper into ASEAN and new frontier markets through a blend of organic expansion, joint ventures, and strategic alliances. The ambition to transform from a national champion into a future-ready regional enterprise at the nexus of energy, retail, and sustainability.
Hashtag: #OR

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

About OR

PTT Oil and Retail Business Public Company Limited (OR) is a leading Thai energy and retail company with operations across 10 countries. OR operates through four core business groups: Mobility Business, providing energy solutions via PTT Station, PTT Lubricants, PTT LPG, and EV Station PluZ; Lifestyle Business, featuring Café Amazon, one of Asia’s largest coffee chains, along with convenience stores and space management; Global Business, driving international growth with over 415 PTT Stations and 391 Café Amazon outlets; and OR Innovation Business, developing new ventures and sustainable solutions through technology and innovation.

HeySara Expands its Regional Footprint with the Acquisition of ILS (Hong Kong)


SINGAPORE – Media OutReach Newswire – 8 July 2025 – HeySara (www.heysara.sg), one of Singapore’s fastest-growing corporate service providers, is pleased to announce its successful acquisition of ILS (Hong Kong), a reputable provider of corporate services and fiduciary solutions in Hong Kong and the Greater China region. Prior to the acquisition, ILS (Hong Kong) was a part of the ILS World Group.

This milestone marks a valuable and meaningful step in HeySara’s regional journey, bringing the company’s presence into the vibrant city of Hong Kong! With the integration of ILS (Hong Kong), HeySara strengthens its ability to deliver professional, responsive, and client-focused Corporate & Fiduciary Services across key jurisdictions, including Singapore, Malaysia, Hong Kong, Mainland China, the British Virgin Islands (BVI), and the Cayman Islands.

Mr. Ng Su Kai, Founder of HeySara, shared his thoughts on this exciting development:
“We’re absolutely delighted to welcome ILS (Hong Kong) to the HeySara family. This represents a significant step in our regional expansion journey. With our growing footprint across Greater China, we’re better positioned than ever to support our global clients with broader, smarter, and faster corporate service solutions.”

With this acquisition, HeySara now proudly serves more than 2,600 clients worldwide — a reflection of its commitment to making cross-border business setup and growth simpler, smoother, and more human. This partnership is not just about expansion — it’s about unlocking new possibilities, creating meaningful connections, and building a brighter future together.

Hashtag: #HeySara

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

About HeySara

HeySara is a next-generation, technology-driven Corporate Service Provider (CSP) dedicated to helping small and medium-sized businesses grow across Asia. Headquartered in Singapore with offices in Malaysia and Hong Kong, HeySara empowers over 2,600 clients worldwide through a unique blend of digital innovation and deep local expertise.

What sets HeySara apart is its comprehensive, one-stop suite of corporate services—including Corporate Secretarial, Accounting, Tax, Human Resource, Immigration, and Audit services.

Whether your business operates in a single market or spans multiple jurisdictions such as Singapore, Malaysia, Hong Kong, China, BVI, or the Cayman Islands, HeySara is your trusted partner for seamless cross-border corporate management. To learn more, visit .

National Taiwan Normal University Opens Nominations for 15th President


TAIPEI, TAIWAN – Media OutReach Newswire – 7 July 2025 – National Taiwan Normal University (NTNU), one of Taiwan’s most prestigious public universities, has announced a call for public nominations for its 15th President. The nomination period runs from July 7 to August 11, 2025.

NTNU has announced a call for public nominations for its 15th President. The nomination period runs from July 7 to August 11, 2025.
NTNU has announced a call for public nominations for its 15th President. The nomination period runs from July 7 to August 11, 2025.

President Cheng-Chih Wu will conclude his term on February 21, 2026. In line with institutional regulations, the Presidential Selection Committee has been formally convened and is now publicly soliciting nominations from all sectors.

With over a century of academic excellence, NTNU has grown into a comprehensive and internationally recognized university. In the latest QS World University Rankings by Subject, six of its disciplines were ranked among the global top 100— the second highest among Taiwanese universities. The total number of ranked subjects increased from 12 last year to 18, covering education, engineering, management, the humanities, and the basic sciences.

The university is recognized for its diverse and internationalized campus. NTNU recently signed cooperation agreements with renowned institutions such as Columbia University, the University of Texas at Austin, and Osaka University. In November 2023, the Ministry of Education designated NTNU as a Bilingual Benchmark University. With nearly 1,000 English-taught courses offered annually, NTNU currently enrolls 1,722 international degree-seeking students from 64 countries, representing 12.05% of its student body—the highest proportion among Taiwan’s national universities.

NTNU maintains strong partnerships with leading industries and cultural institutions, including TSMC, NVIDIA, Realtek Semiconductor, the National Palace Museum, and Longshan Temple. In 2023, it established the Graduate Institute of AI Interdisciplinary Applied Technology and the Graduate Institute of Green Energy and Sustainable Technology within the newly established College of Industry-Academia Innovation, which celebrated its first graduating class this year.

Committed to pedagogical innovation, NTNU has launched an Interdisciplinary Bachelor’s Program and established an Interdisciplinary Academic Advisory Office to encourage students to pursue interdisciplinary, interdepartmental, intercollegiate, and international coursework. In 2024, the university expanded its summer offerings resulting in over 2,600 enrollments across more than 100 courses, which support flexible and self-directed learning.

The new president will lead NTNU in its ongoing pursuit of academic excellence and global engagement, steering the university toward its strategic vision of becoming a leading institution in Asia with global distinction. Key responsibilities include advancing interdisciplinary integration, expanding international partnerships, and enhancing NTNU’s societal impact.

At its second meeting, the Presidential Selection Committee approved the eligibility criteria and selection procedures. Candidates must meet the appointment requirements outlined in the Act Governing the Appointment of Educators and other applicable laws. Additionally, they must be under 65 years of age as of February 22, 2026, and possess the following qualifications:

1. Recognized academic achievements and distinguished reputation

2. Exemplary moral character and integrity

3. Demonstrated excellence in administrative leadership

4. A clear and visionary philosophy for higher education

5. Proven ability to secure and effectively manage institutional resources

Nominations may be submitted through one of the following five channels:

1. A joint nomination by at least three Academicians of Academia Sinica

2. A joint nomination by at least ten professors or scholars of equivalent academic standing at domestic or international institutions

3. A nomination by a professional academic organization officially recognized by the Ministry of the Interior

4. A joint nomination by at least thirty NTNU alumni

5. A nomination by formal resolution of the NTNU Student Association

The nomination period will remain open from July 7 to August 11, 2025. Individuals and organizations from all sectors are encouraged to nominate outstanding candidates.

Candidates will be invited to present their vision and engage with the university community at a public forum scheduled for early October 2025. A university-wide recommendation vote will follow in mid-October, with the Presidential Selection Committee making the final decision later that month. The new President will assume office on February 22, 2026.

For detailed information on the nomination process, eligibility criteria, and downloadable forms, please visit the official NTNU Presidential Selection website: https://www.election.ntnu.edu.tw/.

Hashtag: #NTNU

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

INIU to Launch All-New Pocket Rocket P50 on July 7, Redefining Fast-Charging Portability


LOS ANGELES, USA – Media OutReach Newswire – 7 July 2025 – Well-known global portable charging brand INIU has officially launched the all-new, upgraded Pocket Rocket P50 Power Bank on July 7, 2025. Touted as “the world’s smallest 10,000mAh 45W fast-charging power bank,” the P50 redefines portability and performance.

INIU to Launch All-New Pocket Rocket P50 on July 7, Redefining Fast-Charging Portability

Measuring just 3.3×2.0×1.0in/ 8.3×5.2×2.6cm and weighing only 5.6oz / 160±10g—roughly the size of two stacked macarons—the Pocket Rocket P50 slips easily into a pocket, handbag, or suitcase corner while delivering powerful output. With 45W fast charging, it powers your phone from low battery to 73% in just 25 minutes.The device also fully recharges in just two hours and can power up to three devices simultaneously, meeting modern demand for fast, multi-device charging on the go.

Packed with cutting-edge tech, the P50 features an upgraded TinyCell Pro battery and the industry’s first multi-tab cell for better heat control and faster, more efficient charging. A high-performance NVIDIA-grade inductor boosts battery life and shrinks overall size—making the power bank lighter and more compact. The ultra-thin 0.5mm Genius display keeps users informed with real-time power. With 18 layers of safety protection, it safeguards your device from overheating, overcharging, and other common risks.

In addition to performance, the P50 excels in energy efficiency and sustainability. Its Tinycell Pro and precision components minimize energy waste and extend lifespan, reducing replacements and electronic waste. The detachable fast-charging cable passed over 11,000 bend tests, and its integrated E-Marker chip ensures stability, wide compatibility, and support for Samsung Super Fast Charge 2.0—ready to use anytime.

Since its founding in 2014, INIU has focused on delivering high-quality portable power solutions and has served over 40 million users across 174 countries and regions. The company has received international accolades such as the iF Design Award, Red Dot Award, and CES Innovation Award. The new P50 is a technological breakthrough and a further step in INIU’s mission to provide reliable energy for users and families worldwide.

As mobile device usage grows, users demand more from their charging gear in terms of performance, portability, and safety. The debut of the Pocket Rocket P50 directly responds to this trend and is set to spark a new global wave in the fast-charging portable power revolution.
Hashtag: #INIU

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

First Phosphate Produces LFP Battery Cells Using North American Critical Minerals

Using mainly Quebec critical minerals

Saguenay, Quebec – Newsfile Corp. – July 7, 2025 – First Phosphate Corp. (CSE: PHOS) (OTCQB: FRSPF) (FSE: KD0) (“First Phosphate” or the “Company”) is pleased to announce that it has successfully produced commercial-grade lithium iron phosphate (“LFP”) 18650 format battery cells using North American-sourced critical minerals, advancing its mission to localize the LFP battery supply chain in North America.

The LFP cathode and anode materials for the First Phosphate 18650 LFP battery cells were produced using North American critical minerals from the following supply sources:

  • Phosphate: High-purity phosphoric acid produced from igneous phosphate concentrate extracted from the First Phosphate Bégin-Lamarche property in Quebec, Canada and processed in the pilot installations of Prayon Technologies of Belgium, Europe.
  • Iron: Iron powder produced using magnetite concentrate from the First Phosphate Bégin-Lamarche property in Quebec, Canada and processed by GKN Hoeganaes of Tennessee, USA.
  • Lithium: Lithium carbonate produced by Century Lithium Corp. (TSXV: LCE) from its operations in Nevada, USA.
  • Graphite: Natural graphite-based active anode material produced by Nouveau Monde Graphite (NYSE: NMG) from its operations in Quebec, Canada.

“Today we demonstrate that North America, and Quebec in particular, possess the full spectrum of critical minerals and industrial capabilities to re-onshore LFP battery cell production,” said John Passalacqua, CEO of First Phosphate. “It is important to remember that LFP battery technology originated in North America. Reclaiming this leadership is essential to securing North American energy storage, mobility, data center, robotics, and defense industry infrastructure.”

The production process for the First Phosphate LFP 18650 Battery cells from North American critical minerals is viewable at: http://www.firstphosphate.com/NorthAmericanBatteryCells.

LFP 18650 battery cells are versatile lithium-ion batteries that are widely used in industries such as robotics, automation, military and defense, data centers, telecommunications, medical devices, consumer electronics and electric mobility.

LFP 18650 battery cells can be found in autonomous electronic devices such as robots, drones and UAVs, power chargers, laptops, power tools, electric bicycles and scooters, solar storage devices, home energy and power backup units, flashlights, digital cameras, night vision goggles, medical diagnostic equipment, data centers, AI infrastructure and telecommunications towers.

The LFP 18650 battery cells were assembled for First Phosphate by Ultion Technologies Inc (Las Vegas, Nevada), a private battery technology company specializing in LFP battery materials and cells with development and pack assembly operations for North American applications.

The First Phosphate LFP 18650 battery cells are being unveiled today by First Phosphate CEO, John Passalacqua, at the Oreba3 International Conference on Olivines for Rechargeable Batteries in memory of John B. Goodenough, 2019 Nobel Laureate in Chemistry. For additional details, please see: https://oreba3.ca/conference-agenda.

About First Phosphate Corp

First Phosphate (CSE: PHOS) (OTCQB: FRSPF) (FSE: KD0) is a mineral development company dedicated to producing high-purity phosphate for the LFP battery industry. The Company’s vertically integrated approach connects sustainable phosphate mining in Quebec with North American battery supply chains, targeting the energy storage, data center, robotics, mobility, and defense sectors. First Phosphate’s flagship Bégin-Lamarche property in Saguenay-Lac-Saint-Jean is a rare North American igneous phosphate resource, yielding high-purity phosphate with minimal impurities.

Media & Investor Contact:

Bennett Kurtz
Chief Financial Officer
bennett@firstphosphate.com
Tel: +1 (416) 200-0657

Investor Relations: investor@firstphosphate.com
Media Relations: media@firstphosphate.com
Website: www.FirstPhosphate.com

Follow First Phosphate:

X: https://x.com/FirstPhosphate
LinkedIn: https://www.linkedin.com/company/first-phosphate

Forward-Looking Information & Cautionary Statement

This news release contains certain statements and information that may be considered “forward-looking statements” and “forward-looking information” within the meaning of applicable securities laws. In some cases, but not necessarily in all cases, forward-looking statements and forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “targets”, “expects” or “does not expect”, “is expected”, “an opportunity exists”, “is positioned”, “estimates”, “intends”, “assumes”, “anticipates” or “does not anticipate” or “believes”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might”, “will” or “will be taken”, “occur” or “be achieved” and other similar expressions. In addition, statements in this news release that are not historical facts are forward-looking statements, including, among other things: the Company’s planned exploration and production activities; the properties and composition of any extracted phosphate; and the Company’s plans to connect sustainable phosphate mining in Quebec with North American battery supply chains.

These statements and other forward-looking information are based on assumptions and estimates that the Company believes are appropriate and reasonable in the circumstances, which may prove to be incorrect, include, but are not limited to, the various assumptions set forth herein and in the Company’s public disclosure record including the short form base prospectus dated June 5, 2024, as well as: there being no significant disruptions affecting the activities of the Company or inability to access required project inputs; permitting and development of the projects being consistent with the Company’s expectations; the accuracy of the current mineral resource estimates for the Company and results of metallurgical testing; certain price assumptions for P2O5 and Fe2O3; inflation and prices for Company project inputs being approximately consistent with anticipated levels; the Company’s relationship with First Nations and other Indigenous parties remaining consistent with the Company’s expectations; the Company’s relationship with other third party partners and suppliers remaining consistent with the Company’s expectations; and government relations and actions being consistent with Company expectations

There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. There can be no assurance that any opportunity will be successful, commercially viable, completed on time or on budget, or will generate any meaningful revenues, savings or earnings, as the case may be, for the Company. In addition, the Company will incur costs in pursuing any particular opportunity, which may be significant. These factors and assumptions are not intended to represent a complete list of the factors and assumptions that could affect the Company and, though they should be considered carefully, should be considered in conjunction with the risk factors described in the Company’s other documents filed with the Canadian and United States securities authorities, including without limitation the “Risk Factors” section of the Company’s Management Discussion and Analysis dated June 27, 2025 and Annual Report on 20-F dated July 8, 2024, which are available on SEDAR+ at www.sedarplus.ca. Although the Company has attempted to identify factors that would cause actual actions, events or results to differ materially from those disclosed in the forward-looking information or information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

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