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Oracle Announces Fiscal 2025 Third Quarter Financial Results

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Q3 Remaining Performance Obligations $130 billion, up 62% in USD & up 63% in constant currencyQ3 GAAP Earnings per Share up 20% to $1.02, Non-GAAP Earnings per Share up 4% to $1.47Q3 Total Revenue $14.1 billion, up 6% in USD and up 8% in constant currencyQ3 Cloud Revenue (IaaS plus SaaS) $6.2 billion, up 23% in USD and up 25% in constant currencyQ3 Cloud Infrastructure (IaaS) Revenue $2.7 billion, up 49% in USD and up 51% in constant currencyQ3 Cloud Application (SaaS) Revenue $3.6 billion, up 9% in USD and up 10% in constant currencyQ3 Fusion Cloud ERP (SaaS) Revenue $0.9 billion, up 16% in USD and up 18% in constant currencyQ3 NetSuite Cloud ERP (SaaS) Revenue $0.9 billion, up 16% in USD and up 17% in constant currency

AUSTIN, Texas, March 10, 2025 /PRNewswire/ — Oracle Corporation (NYSE: ORCL) today announced fiscal 2025 Q3 results. Total Remaining Performance Obligations were up 62% year-over-year in USD, and up 63% in constant currency, to $130 billion. Total quarterly revenues were up 6% year-over-year in USD, and up 8% in constant currency, to $14.1 billion. Cloud services and license support revenues were up 10% year-over-year in USD, and up 12% in constant currency, to $11.0 billion. Cloud license and on-premise license revenues were down 10% in USD and down 8% in constant currency, to $1.1 billion.             

Q3 GAAP operating income was $4.4 billion. Non-GAAP operating income was $6.2 billion, up 7% in USD, and up 9% in constant currency. GAAP operating margin was 31%, and non-GAAP operating margin was 44%. GAAP net income was $2.9 billion, up 22% in USD, and up 27% in constant currency. Non-GAAP net income was $4.2 billion, up 6% in USD, and up 9% in constant currency. Q3 GAAP earnings per share was $1.02, up 20% in USD and up 25% in constant currency, while non-GAAP earnings per share was $1.47, up 4% in USD, and up 7% in constant currency.

Short-term deferred revenues were $9.0 billion. Over the last twelve months, operating cash flow was $20.7 billion and free cash flow was $5.8 billion.

“Oracle signed sales contracts for more than $48 billion in Q3,” said Oracle CEO, Safra Catz. “This record sales number pushed our Remaining Performance Obligations, or RPO, up 63% to over $130 billion. We have now signed cloud agreements with several world leading technology companies including: OpenAI, xAI, Meta, NVIDIA and AMD. We expect that our huge $130 billion sales backlog will help drive a 15% increase in Oracle’s overall revenue in our next fiscal year beginning this June. And we expect RPO to continue to grow rapidly—as we look forward to signing our first Stargate contract—yet another big opportunity for Oracle to expand both its AI training and AI inferencing businesses in the near future.”

“We are on schedule to double our data center capacity this calendar year,” said Oracle Chairman and CTO, Larry Ellison. “Customer demand is at record levels. Our Database MultiCloud revenue from Microsoft, Google and Amazon is up 92% in the last three months alone. GPU consumption for AI training grew 244% in the last 12 months. And we are seeing enormous demand for AI inferencing on our customers’ private data. So, we are connecting OpenAI ChatGPT, xAI Grok and Meta Llama directly to Version 23ai of the Oracle Database with advanced vector capabilities. This new product, called the Oracle AI Data Platform, makes it easy for customers to use any of the world’s leading AI models to analyze all of their private data—while keeping all their data private and secure.”  

Oracle also announced that its Board of Directors declared a quarterly cash dividend of $0.50 per share of outstanding common stock, reflecting a 25% increase over the current quarterly dividend of $0.40. Larry Ellison, Oracle’s Chairman of the Board of Directors, Chief Technology Officer, and largest stockholder, did not participate in the deliberation or the vote on this matter. This increased dividend will be paid to stockholders of record as of the close of business on April 10, 2025, with a payment date of April 23, 2025.

A sample list of customers which purchased Oracle Cloud services during the quarter will be available at www.oracle.com/customers/earnings/.A list of recent technical innovations and announcements is available at www.oracle.com/news/.To learn what industry analysts have been saying about Oracle’s products and services see www.oracle.com/corporate/analyst-reports/.

Earnings Conference Call and Webcast
Oracle will hold a conference call and webcast today to discuss these results at 4:00 p.m. Central. A live and replay webcast will be available on the Oracle Investor Relations website at www.oracle.com/investor/.

About Oracle
Oracle offers integrated suites of applications plus secure, autonomous infrastructure in the Oracle Cloud. For more information about Oracle (NYSE: ORCL), please visit us at www.oracle.com.

Trademarks
Oracle, Java, MySQL, and NetSuite are registered trademarks of Oracle Corporation. NetSuite was the first cloud company—ushering in the new era of cloud computing. 

“Safe Harbor” Statement: Statements in this press release relating to future plans, expectations, beliefs, intentions and prospects, including the expectations for converting RPOs to revenue, future growth in RPO and data center capacity, the timing of signing the Stargate contract, and future demand for AI inferencing are “forward-looking statements” and are subject to material risks and uncertainties. Risks and uncertainties that could affect our current expectations and our actual results, include, among others: our ability to develop new products and services, integrate acquired products and services and enhance our existing products and services, including our AI products; our management of complex cloud and hardware offerings, including the sourcing of technologies and technology components; our ability to secure data center capacity; significant coding, manufacturing or configuration errors in our offerings; risks associated with acquisitions; economic, political and market conditions; information technology system failures, privacy and data security concerns; cybersecurity breaches; unfavorable legal proceedings, government investigations, and complex and changing laws and regulations. A detailed discussion of these factors and other risks that affect our business is contained in our SEC filings, including our most recent reports on Form 10-K and Form 10-Q, particularly under the heading “Risk Factors.” Copies of these filings are available online from the SEC or by contacting Oracle’s Investor Relations Department at (650) 506-4073 or by clicking on SEC Filings on the Oracle Investor Relations website at www.oracle.com/investor/. All information set forth in this press release is current as of March 10, 2025. Oracle undertakes no duty to update any statement in light of new information or future events.

ORACLE  CORPORATION

Q3 FISCAL 2025 FINANCIAL RESULTS

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

($ in millions, except per share data)

Three Months Ended

% Increase

% Increase

(Decrease)

February 28,
2025

% of

February 29,
2024

% of

(Decrease)

in Constant

Revenues

Revenues

in US $

Currency (1)

REVENUES

Cloud services and license support

$         11,007

78 %

$           9,963

75 %

10 %

12 %

Cloud license and on-premise license

1,129

8 %

1,256

9 %

(10 %)

(8 %)

Hardware

703

5 %

754

6 %

(7 %)

(5 %)

Services

1,291

9 %

1,307

10 %

(1 %)

1 %

      Total revenues

14,130

100 %

13,280

100 %

6 %

8 %

OPERATING EXPENSES

Cloud services and license support

2,882

20 %

2,452

18 %

18 %

19 %

Hardware

197

1 %

217

2 %

(9 %)

(7 %)

Services

1,116

8 %

1,200

9 %

(7 %)

(5 %)

Sales and marketing

2,119

15 %

2,042

15 %

4 %

6 %

Research and development

2,429

17 %

2,248

17 %

8 %

9 %

General and administrative

390

3 %

377

3 %

3 %

5 %

Amortization of intangible assets

548

4 %

749

6 %

(27 %)

(27 %)

Acquisition related and other

28

0 %

155

1 %

(82 %)

(82 %)

Restructuring

63

1 %

90

1 %

(30 %)

(28 %)

      Total operating expenses

9,772

69 %

9,530

72 %

3 %

4 %

OPERATING INCOME

4,358

31 %

3,750

28 %

16 %

20 %

Interest expense

(892)

(6 %)

(876)

(6 %)

2 %

2 %

Non-operating expenses, net

(18)

0 %

(9)

0 %

101 %

91 %

INCOME BEFORE INCOME TAXES

3,448

25 %

2,865

22 %

20 %

25 %

Provision for income taxes

512

4 %

464

4 %

10 %

15 %

NET INCOME

$           2,936

21 %

$           2,401

18 %

22 %

27 %

EARNINGS PER SHARE:

Basic

$              1.05

$              0.87

Diluted

$              1.02

$              0.85

WEIGHTED AVERAGE COMMON SHARES OUTSTANDING:

Basic

2,799

2,748

Diluted

2,874

2,819

(1)

We compare the percent change in the results from one period to another period using constant currency disclosure. We present constant
currency information to provide a framework for assessing how our underlying businesses performed excluding the effect of foreign currency
rate fluctuations. To present this information, current and comparative prior period results for entities reporting in currencies other than United States
dollars are converted into United States dollars at the exchange rates in effect on May 31, 2024, which was the last day of our prior fiscal year,
rather than the actual exchange rates in effect during the respective periods. Movements in international currencies relative to the United States
dollar during the three months ended February 28, 2025 compared with the corresponding prior year period decreased our total revenues by 2
percentage points, total operating expenses by 1 percentage point and operating income by 4 percentage points.

 

ORACLE  CORPORATION

Q3 FISCAL 2025 FINANCIAL RESULTS

RECONCILIATION OF SELECTED GAAP MEASURES TO NON-GAAP MEASURES (1)

($ in millions, except per share data)

Three Months Ended

% Increase
(Decrease)
in US $

% Increase (Decrease) in
Constant Currency (2) 

February 28,
2025

February 28,
2025

February 29,
2024

February 29,
2024

GAAP

Non-GAAP

GAAP

Non-GAAP

GAAP

Adj.

Non-GAAP

GAAP

Adj.

Non-GAAP

TOTAL REVENUES

$       14,130

$           –

$       14,130

$       13,280

$           –

$       13,280

6 %

6 %

8 %

8 %

TOTAL OPERATING EXPENSES

$         9,772

$   (1,837)

$         7,935

$         9,530

$   (2,042)

$         7,488

3 %

6 %

4 %

8 %

     Stock-based compensation (3)

1,198

(1,198)

–

1,048

(1,048)

–

14 %

*

14 %

*

     Amortization of intangible assets (4)

548

(548)

–

749

(749)

–

(27 %)

*

(27 %)

*

     Acquisition related and other

28

(28)

–

155

(155)

–

(82 %)

*

(82 %)

*

     Restructuring

63

(63)

–

90

(90)

–

(30 %)

*

(28 %)

*

OPERATING INCOME

$         4,358

$     1,837

$         6,195

$         3,750

$     2,042

$         5,792

16 %

7 %

20 %

9 %

OPERATING MARGIN %

31 %

44 %

28 %

44 %

261 bp.

23 bp.

294 bp.

34 bp.

INCOME TAX EFFECTS (5)

$            512

$        542

$         1,054

$            464

$        461

$            925

10 %

14 %

15 %

17 %

NET INCOME

$         2,936

$     1,295

$         4,231

$         2,401

$     1,581

$         3,982

22 %

6 %

27 %

9 %

DILUTED EARNINGS PER SHARE

$           1.02

$           1.47

$           0.85

$           1.41

20 %

4 %

25 %

7 %

DILUTED WEIGHTED AVERAGE COMMON SHARES OUTSTANDING

2,874

–

2,874

2,819

–

2,819

2 %

2 %

2 %

2 %

(1)

This presentation includes non-GAAP measures. Our non-GAAP measures are not meant to be considered in isolation or as a substitute for comparable GAAP measures, and should be read only in conjunction
with our consolidated financial statements prepared in accordance with GAAP. For a detailed explanation of the adjustments made to comparable GAAP measures, the reasons why management uses these
measures, the usefulness of these measures and the material limitations on the usefulness of these measures, please see Appendix A.

(2)

We compare the percent change in the results from one period to another period using constant currency disclosure. We present constant currency information to provide a framework for assessing how our
underlying businesses performed excluding the effect of foreign currency rate fluctuations. To present this information, current and comparative prior period results for entities reporting in currencies other
than United States dollars are converted into United States dollars at the exchange rates in effect on May 31, 2024, which was the last day of our prior fiscal year, rather than the actual exchange rates in effect
during the respective periods.

(3)

Stock-based compensation was included in the following GAAP operating expense categories:

Three Months Ended

Three Months Ended

February 28, 2025

February 29, 2024

GAAP

Adj.

Non-GAAP

GAAP

Adj.

Non-GAAP

     Cloud services and license support

$            160

$      (160)

$               –

$            138

$      (138)

$               –

     Hardware

8

(8)

–

6

(6)

–

     Services

54

(54)

–

45

(45)

–

     Sales and marketing

200

(200)

–

179

(179)

–

     Research and development

675

(675)

–

584

(584)

–

     General and administrative

101

(101)

–

96

(96)

–

           Total stock-based compensation

$         1,198

$   (1,198)

$               –

$         1,048

$   (1,048)

$               –

(4)

Estimated future annual amortization expense related to intangible assets as of February 28, 2025 was as follows:

     Remainder of fiscal 2025

$            544

     Fiscal 2026

1,639

     Fiscal 2027

672

     Fiscal 2028

635

     Fiscal 2029

561

     Fiscal 2030

522

     Thereafter

558

           Total intangible assets, net

$         5,131

(5)

Income tax effects were calculated reflecting an effective GAAP tax rate of 14.9% and 16.2% in the third quarter of fiscal 2025 and 2024, respectively, and an effective non-GAAP tax rate of 19.9% and 18.9% in the
third quarter of fiscal 2025 and 2024, respectively. The difference in our GAAP and non-GAAP tax rates in each of the third quarters of fiscal 2025 and 2024 was primarily due to the net tax effects related to stock-
based compensation expense; acquisition related and other items, including the tax effects on amortization of intangible assets; and restructuring expense, partially offset by the net deferred tax effects
related to an income tax benefit that was previously recorded due to the partial realignment of our legal entity structure.

*

Not meaningful

 

ORACLE  CORPORATION

Q3 FISCAL 2025 YEAR TO DATE FINANCIAL RESULTS

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

($ in millions, except per share data)

Nine Months Ended

% Increase

% Increase

(Decrease)

February 28,
2025

% of

February 29,
2024

% of

(Decrease)

in Constant

Revenues

Revenues

in US $

Currency (1)

REVENUES

Cloud services and license support

$         32,331

78 %

$         29,149

75 %

11 %

12 %

Cloud license and on-premise license

3,194

8 %

3,243

8 %

(2 %)

0 %

Hardware

2,086

5 %

2,224

6 %

(6 %)

(5 %)

Services

3,885

9 %

4,058

11 %

(4 %)

(3 %)

      Total revenues

41,496

100 %

38,674

100 %

7 %

8 %

OPERATING EXPENSES

Cloud services and license support

8,226

20 %

6,905

18 %

19 %

20 %

Hardware

530

1 %

649

2 %

(18 %)

(17 %)

Services

3,430

8 %

3,665

9 %

(6 %)

(6 %)

Sales and marketing

6,345

15 %

6,161

16 %

3 %

4 %

Research and development

7,206

18 %

6,689

17 %

8 %

8 %

General and administrative

1,135

3 %

1,146

3 %

(1 %)

0 %

Amortization of intangible assets

1,763

4 %

2,267

6 %

(22 %)

(22 %)

Acquisition related and other

72

0 %

214

0 %

(66 %)

(66 %)

Restructuring

220

1 %

311

1 %

(29 %)

(29 %)

      Total operating expenses

28,927

70 %

28,007

72 %

3 %

4 %

OPERATING INCOME

12,569

30 %

10,667

28 %

18 %

19 %

Interest expense

(2,600)

(6 %)

(2,636)

(7 %)

(1 %)

(1 %)

Non-operating income (expenses), net

39

0 %

(72)

0 %

*

*

INCOME BEFORE INCOME TAXES

10,008

24 %

7,959

21 %

26 %

28 %

Provision for income taxes

992

2 %

636

2 %

56 %

59 %

NET INCOME

$           9,016

22 %

$           7,323

19 %

23 %

25 %

EARNINGS PER SHARE:

Basic

$              3.24

$              2.67

Diluted

$              3.15

$              2.60

WEIGHTED AVERAGE COMMON SHARES OUTSTANDING:

Basic

2,783

2,741

Diluted

2,865

2,820

(1)

We compare the percent change in the results from one period to another period using constant currency disclosure. We present constant currency
information to provide a framework for assessing how our underlying businesses performed excluding the effect of foreign currency rate fluctuations. To
present this information, current and comparative prior period results for entities reporting in currencies other than United States dollars are converted into
United States dollars at the exchange rates in effect on May 31, 2024, which was the last day of our prior fiscal year, rather than the actual exchange rates
in effect during the respective periods. Movements in international currencies relative to the United States dollar during the nine months ended February
28, 2025 compared with the corresponding prior year period decreased each of our total revenues, total operating expenses and operating income by 1
percentage point.

*

Not meaningful

 

ORACLE  CORPORATION

Q3 FISCAL 2025 YEAR TO DATE FINANCIAL RESULTS

RECONCILIATION OF SELECTED GAAP MEASURES TO NON-GAAP MEASURES (1)

($ in millions, except per share data)

Nine Months Ended

% Increase
(Decrease)
in US $

% Increase (Decrease) in
Constant Currency (2)

February 28,
2025

February 28,
2025

February 29,
2024

February 29,
2024

GAAP

Non-GAAP

GAAP

Non-GAAP

GAAP

Adj.

Non-GAAP

GAAP

Adj.

Non-GAAP

TOTAL REVENUES

$       41,496

$           –

$       41,496

$       38,674

$           –

$       38,674

7 %

7 %

8 %

8 %

TOTAL OPERATING EXPENSES

$       28,927

$   (5,429)

$       23,498

$       28,007

$   (5,719)

$       22,288

3 %

5 %

4 %

6 %

     Stock-based compensation (3)

3,374

(3,374)

–

2,927

(2,927)

–

15 %

*

15 %

*

     Amortization of intangible assets (4)

1,763

(1,763)

–

2,267

(2,267)

–

(22 %)

*

(22 %)

*

     Acquisition related and other

72

(72)

–

214

(214)

–

(66 %)

*

(66 %)

*

     Restructuring

220

(220)

–

311

(311)

–

(29 %)

*

(29 %)

*

OPERATING INCOME

$       12,569

$     5,429

$       17,998

$       10,667

$     5,719

$       16,386

18 %

10 %

19 %

11 %

OPERATING MARGIN %

30 %

43 %

28 %

42 %

271 bp.

100 bp.

284 bp.

104 bp.

INCOME TAX EFFECTS (5)

$            992

$     2,042

$         3,034

$            636

$     1,939

$         2,575

56 %

18 %

59 %

19 %

NET INCOME

$         9,016

$     3,387

$       12,403

$         7,323

$     3,780

$       11,103

23 %

12 %

25 %

13 %

DILUTED EARNINGS PER SHARE

$           3.15

$           4.33

$           2.60

$           3.94

21 %

10 %

23 %

11 %

DILUTED WEIGHTED AVERAGE COMMON SHARES OUTSTANDING

2,865

–

2,865

2,820

–

2,820

2 %

2 %

2 %

2 %

(1)

This presentation includes non-GAAP measures. Our non-GAAP measures are not meant to be considered in isolation or as a substitute for comparable GAAP measures, and should be read only in conjunction with
our consolidated financial statements prepared in accordance with GAAP. For a detailed explanation of the adjustments made to comparable GAAP measures, the reasons why management uses these measures, the
usefulness of these measures and the material limitations on the usefulness of these measures, please see Appendix A.

(2)

We compare the percent change in the results from one period to another period using constant currency disclosure. We present constant currency information to provide a framework for assessing how our
underlying businesses performed excluding the effect of foreign currency rate fluctuations. To present this information, current and comparative prior period results for entities reporting in currencies other than
United States dollars are converted into United States dollars at the exchange rates in effect on May 31, 2024, which was the last day of our prior fiscal year, rather than the actual exchange rates in effect during the
respective periods.

(3)

Stock-based compensation was included in the following GAAP operating expense categories:

Nine Months Ended

Nine Months Ended

February 28, 2025

February 29, 2024

GAAP

Adj.

Non-GAAP

GAAP

Adj.

Non-GAAP

     Cloud services and license support

$            459

$      (459)

$               –

$            386

$      (386)

$               –

     Hardware

21

(21)

–

17

(17)

–

     Services

150

(150)

–

123

(123)

–

     Sales and marketing

556

(556)

–

488

(488)

–

     Research and development

1,902

(1,902)

–

1,642

(1,642)

–

     General and administrative

286

(286)

–

271

(271)

–

           Total stock-based compensation

$         3,374

$   (3,374)

$               –

$         2,927

$   (2,927)

$               –

(4)

Estimated future annual amortization expense related to intangible assets as of February 28, 2025 was as follows:

     Remainder of fiscal 2025

$            544

     Fiscal 2026

1,639

     Fiscal 2027

672

     Fiscal 2028

635

     Fiscal 2029

561

     Fiscal 2030

522

     Thereafter

558

           Total intangible assets, net

$         5,131

(5)

Income tax effects were calculated reflecting an effective GAAP tax rate of 9.9% and 8.0% in the first nine months of fiscal 2025 and 2024, respectively, and an effective non-GAAP tax rate of 19.7% and 18.8% in the
first nine months of fiscal 2025 and 2024, respectively. The difference in our GAAP and non-GAAP tax rates in each of the first nine months of fiscal 2025 and 2024 was primarily due to the net tax effects related to
stock-based compensation expense; acquisition related and other items, including the tax effects on amortization of intangible assets; and restructuring expense, partially offset by the net deferred tax effects related
to an income tax benefit that was previously recorded due to the partial realignment of our legal entity structure.

*

Not meaningful

 

ORACLE  CORPORATION

Q3 FISCAL 2025 FINANCIAL RESULTS

CONDENSED CONSOLIDATED BALANCE SHEETS

($ in millions)

February 28,
2025

May 31,
2024

ASSETS

Current Assets:

Cash and cash equivalents

$               17,406

$               10,454

Marketable securities

417

207

Trade receivables, net

8,051

7,874

Prepaid expenses and other current assets

4,242

4,019

          Total Current Assets

30,116

22,554

Non-Current Assets:

   Property, plant and equipment, net

31,970

21,536

   Intangible assets, net

5,131

6,890

   Goodwill, net

62,171

62,230

   Deferred tax assets

11,799

12,273

   Other non-current assets

20,191

15,493

          Total Non-Current Assets

131,262

118,422

TOTAL ASSETS

$            161,378

$            140,976

LIABILITIES AND STOCKHOLDERS’ EQUITY

Current Liabilities:

Notes payable and other borrowings, current

$                 8,167

$               10,605

Accounts payable

2,423

2,357

Accrued compensation and related benefits

1,839

1,916

Deferred revenues

9,019

9,313

Other current liabilities

8,175

7,353

          Total Current Liabilities

29,623

31,544

Non-Current Liabilities:

Notes payable and other borrowings, non-current

88,109

76,264

Income taxes payable

9,813

10,817

Deferred tax liabilities

2,208

3,692

Other non-current liabilities

14,364

9,420

          Total Non-Current Liabilities

114,494

100,193

Stockholders’ Equity

17,261

9,239

TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY

$            161,378

$            140,976

 

     ORACLE  CORPORATION

Q3 FISCAL 2025 FINANCIAL RESULTS

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

($ in millions)

Nine Months Ended

February 28,
2025

February 29,
2024

Cash Flows From Operating Activities:

Net income

$        9,016

$        7,323

Adjustments to reconcile net income to net cash provided by operating activities:

Depreciation

2,715

2,318

Amortization of intangible assets

1,763

2,267

Deferred income taxes

(1,097)

(1,755)

Stock-based compensation

3,374

2,927

Other, net

422

631

Changes in operating assets and liabilities:

Increase in trade receivables, net

(312)

(409)

Decrease in prepaid expenses and other assets

603

457

Decrease in accounts payable and other liabilities

(633)

(682)

Decrease in income taxes payable

(1,222)

(788)

Increase in deferred revenues

35

303

Net cash provided by operating activities

14,664

12,592

Cash Flows From Investing Activities:

Purchases of marketable securities and other investments

(838)

(674)

Proceeds from sales and maturities of marketable securities and other investments

444

207

Acquisitions, net of cash acquired

–

(59)

Capital expenditures

(12,135)

(4,068)

Net cash used for investing activities

(12,529)

(4,594)

Cash Flows From Financing Activities:

Payments for repurchases of common stock

(450)

(1,050)

Proceeds from issuances of common stock

520

454

Shares repurchased for tax withholdings upon vesting of restricted stock-based awards

(900)

(1,865)

Payments of dividends to stockholders

(3,340)

(3,289)

(Repayments of) proceeds from issuances of commercial paper, net

(396)

936

Proceeds from issuances of senior notes and term loan credit agreements, net of issuance costs

19,548

–

Repayments of senior notes and term loan credit agreements

(9,771)

(3,500)

Other, net

(299)

34

Net cash provided by (used for) financing activities

4,912

(8,280)

Effect of exchange rate changes on cash and cash equivalents

(95)

(2)

Net increase (decrease) in cash and cash equivalents

6,952

(284)

Cash and cash equivalents at beginning of period

10,454

9,765

Cash and cash equivalents at end of period

$      17,406

$        9,481

 

ORACLE  CORPORATION

 Q3 FISCAL 2025 FINANCIAL RESULTS

 FREE CASH FLOW – TRAILING 4-QUARTERS (1)

 ($ in millions)

 Fiscal 2024

 Fiscal 2025

 Q1

 Q2

 Q3

 Q4

 Q1

 Q2

 Q3

 Q4

GAAP Operating Cash Flow

$            17,745

$            17,039

$            18,239

$            18,673

$            19,126

$            20,287

$            20,745

Capital Expenditures

(8,290)

(6,935)

(5,981)

(6,866)

(7,855)

(10,745)

(14,933)

Free Cash Flow

$               9,455

$            10,104

$            12,258

$            11,807

$            11,271

$               9,542

$               5,812

Operating Cash Flow % Growth over prior year

68 %

13 %

18 %

9 %

8 %

19 %

14 %

Free Cash Flow % Growth over prior year

76 %

20 %

68 %

39 %

19 %

(6 %)

(53 %)

GAAP Net Income

$               9,375

$            10,137

$            10,642

$            10,467

$            10,976

$            11,624

$            12,160

Operating Cash Flow as a % of Net Income

189 %

168 %

171 %

178 %

174 %

175 %

171 %

Free Cash Flow as a % of Net Income

101 %

100 %

115 %

113 %

103 %

82 %

48 %

(1) To supplement our statements of cash flows presented on a GAAP basis, we use non-GAAP measures of cash flows on a trailing 4-quarter basis to analyze cash
     flow generated from operations. We believe free cash flow is also useful as one of the bases for comparing our performance with our competitors. The
     presentation of non-GAAP free cash flow is not meant to be considered in isolation or as an alternative to net income as an indicator of our performance, or as an
     alternative to cash flows from operating activities as a measure of liquidity. 

 

 

 

 ORACLE  CORPORATION

 Q3 FISCAL 2025 FINANCIAL RESULTS

 SUPPLEMENTAL ANALYSIS OF GAAP REVENUES (1)

 ($ in millions)

 Fiscal 2024

 Fiscal 2025

 Q1

 Q2

 Q3

 Q4

 TOTAL

 Q1

 Q2

 Q3

 Q4

 TOTAL

REVENUES BY OFFERINGS

 Cloud services

$    4,635

$    4,775

$    5,054

$    5,311

$   19,774

$    5,623

$    5,937

$    6,210

$   17,769

 License support

4,912

4,864

4,909

4,923

19,609

4,896

4,869

4,797

14,562

 Cloud services and license support

9,547

9,639

9,963

10,234

39,383

10,519

10,806

11,007

32,331

 Cloud license and on-premise license

809

1,178

1,256

1,838

5,081

870

1,195

1,129

3,194

 Hardware

714

756

754

842

3,066

655

728

703

2,086

 Services 

1,383

1,368

1,307

1,373

5,431

1,263

1,330

1,291

3,885

                     Total revenues

$  12,453

$  12,941

$  13,280

$  14,287

$   52,961

$  13,307

$  14,059

$  14,130

$   41,496

AS REPORTED REVENUE GROWTH RATES

Cloud services

30 %

25 %

25 %

20 %

25 %

21 %

24 %

23 %

23 %

License support

2 %

2 %

1 %

0 %

1 %

0 %

0 %

(2 %)

(1 %)

 Cloud services and license support

13 %

12 %

12 %

9 %

12 %

10 %

12 %

10 %

11 %

 Cloud license and on-premise license

(10 %)

(18 %)

(3 %)

(15 %)

(12 %)

7 %

1 %

(10 %)

(2 %)

 Hardware

(6 %)

(11 %)

(7 %)

(1 %)

(6 %)

(8 %)

(4 %)

(7 %)

(6 %)

 Services 

2 %

(2 %)

(5 %)

(6 %)

(3 %)

(9 %)

(3 %)

(1 %)

(4 %)

                      Total revenues

9 %

5 %

7 %

3 %

6 %

7 %

9 %

6 %

7 %

CONSTANT CURRENCY REVENUE GROWTH RATES (2)

Cloud services

29 %

24 %

24 %

20 %

24 %

22 %

24 %

25 %

24 %

License support

0 %

0 %

1 %

1 %

0 %

0 %

0 %

0 %

0 %

 Cloud services and license support 

12 %

11 %

11 %

10 %

11 %

11 %

12 %

12 %

12 %

 Cloud license and on-premise license

(11 %)

(19 %)

(3 %)

(14 %)

(12 %)

8 %

3 %

(8 %)

0 %

 Hardware 

(8 %)

(12 %)

(7 %)

0 %

(7 %)

(8 %)

(3 %)

(5 %)

(5 %)

 Services 

1 %

(3 %)

(5 %)

(6 %)

(3 %)

(8 %)

(3 %)

1 %

(3 %)

                      Total revenues

8 %

4 %

7 %

4 %

6 %

8 %

9 %

8 %

8 %

CLOUD SERVICES AND LICENSE SUPPORT REVENUES

BY ECOSYSTEM

 Applications cloud services and license support

$    4,471

$    4,474

$    4,584

$    4,642

$   18,172

$    4,769

$    4,784

$    4,811

$   14,363

 Infrastructure cloud services and license support

5,076

5,165

5,379

5,592

21,211

5,750

6,022

6,196

17,968

                      Total cloud services and license support revenues

$    9,547

$    9,639

$    9,963

$  10,234

$   39,383

$  10,519

$  10,806

$  11,007

$   32,331

AS REPORTED REVENUE GROWTH RATES

 Applications cloud services and license support

11 %

10 %

10 %

6 %

9 %

7 %

7 %

5 %

6 %

 Infrastructure cloud services and license support

15 %

14 %

13 %

12 %

14 %

13 %

17 %

15 %

15 %

                     Total cloud services and license support revenues

13 %

12 %

12 %

9 %

12 %

10 %

12 %

10 %

11 %

CONSTANT CURRENCY REVENUE GROWTH RATES (2)

 Applications cloud services and license support

11 %

9 %

10 %

6 %

9 %

7 %

7 %

6 %

7 %

 Infrastructure cloud services and license support

14 %

12 %

13 %

13 %

13 %

14 %

17 %

18 %

16 %

                     Total cloud services and license support revenues

12 %

11 %

11 %

10 %

11 %

11 %

12 %

12 %

12 %

GEOGRAPHIC REVENUES

 Americas

$    7,841

$    8,067

$    8,270

$    8,945

$   33,122

$    8,372

$    8,933

$    9,000

$   26,305

 Europe/Middle East/Africa

3,005

3,170

3,316

3,539

13,030

3,228

3,381

3,421

10,029

 Asia Pacific

1,607

1,704

1,694

1,803

6,809

1,707

1,745

1,709

5,162

                      Total revenues

$  12,453

$  12,941

$  13,280

$  14,287

$   52,961

$  13,307

$  14,059

$  14,130

$   41,496

(1) The sum of the quarterly information presented may vary from the year-to-date information presented due to rounding.

(2) We compare the percent change in the results from one period to another period using constant currency disclosure. We present constant currency
     information to provide a framework for assessing how our underlying businesses performed excluding the effect of foreign currency rate fluctuations. To
     present this information, current and comparative prior period results for entities reporting in currencies other than United States dollars are converted into
     United States dollars at the exchange rates in effect on May 31, 2024 and 2023 for the fiscal 2025 and fiscal 2024 constant currency growth rate calculations
     presented, respectively, rather than the actual exchange rates in effect during the respective periods.

 

APPENDIX A

ORACLE CORPORATION
Q3 FISCAL 2025 FINANCIAL RESULTS
EXPLANATION OF NON-GAAP MEASURES

To supplement our financial results presented on a GAAP basis, we use the non-GAAP measures indicated in the tables, which exclude certain business combination accounting entries and expenses related to acquisitions, as well as other significant expenses including stock-based compensation, that we believe are helpful in understanding our past financial performance and our future results. Our non-GAAP financial measures are not meant to be considered in isolation or as a substitute for comparable GAAP measures and should be read only in conjunction with our consolidated financial statements prepared in accordance with GAAP. Our management regularly uses our supplemental non-GAAP financial measures internally to understand, manage and evaluate our business and make operating decisions. These non-GAAP measures are among the primary factors management uses in planning for and forecasting future periods. Compensation of our executives is based in part on the performance of our business based on these non-GAAP measures. Our non-GAAP financial measures reflect adjustments based on the following items, as well as the related income tax effects:

Stock-based compensation expenses: We have excluded the effect of stock-based compensation expenses from our non-GAAP operating expenses, income tax effects and net income measures. Although stock-based compensation is a key incentive offered to our employees, and we believe such compensation contributed to the revenues earned during the periods presented and also believe it will contribute to the generation of future period revenues, we continue to evaluate our business performance excluding stock-based compensation expenses. Stock-based compensation expenses will recur in future periods.Amortization of intangible assets: We have excluded the effect of amortization of intangible assets from our non-GAAP operating expenses, income tax effects and net income measures. Amortization of intangible assets is inconsistent in amount and frequency and is significantly affected by the timing and size of our acquisitions. Investors should note that the use of intangible assets contributed to our revenues earned during the periods presented and will contribute to our future period revenues as well. Amortization of intangible assets will recur in future periods.Acquisition related and other expenses; and restructuring expenses: We have excluded the effect of acquisition related and other expenses and the effect of restructuring expenses from our non-GAAP operating expenses, income tax effects and net income measures. We incurred expenses in connection with our acquisitions and also incurred certain other operating expenses or income, which we generally would not have otherwise incurred in the periods presented as a part of our continuing operations. Acquisition related and other expenses consisted of personnel related costs for transitional and certain other employees, certain business combination adjustments including certain adjustments after the measurement period has ended, and certain other operating items, net. Restructuring expenses consisted of employee severance and other exit costs. We believe it is useful for investors to understand the effects of these items on our total operating expenses. Although acquisition related and other expenses and restructuring expenses may diminish over time with respect to past acquisitions and/or strategic initiatives, we generally will incur certain of these expenses in connection with any future acquisitions and/or strategic initiatives.

 

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Technology

Netflix Worldwide Exclusive Streaming Anime”The Summer Hikaru Died” Reveals Main Trailer and New Cast Members, Yumiri Hanamori, Wakana Kowaka, and Chikahiro Kobayashi

Published

6 minutes ago

on

March 22, 2025

By

-Unveils the Ending Theme Song ” Anata wa Kaibutsu(you are my monster)” performed by TOOBOE-

TOKYO, March 21, 2025 /PRNewswire/ — CyberAgent, Inc. today has revealed the latest information at the special stage event for the TV anime “The Summer Hikaru Died” held today at AnimeJapan 2025, including the main trailer and additional cast announcements.

“The Summer Hikaru Died” is a hit horror manga series about an ordinary high school boy, Yoshiki, who experiences various mysterious incidents in his life with Hikaru, a mysterious being who imitates his best friend Hikaru Indou. The story of “whatever it is” and the boy’s madness has garnered significant attention, making it a must-see anime film.

Following the announcement of the anime adaptation in May 2024, there is considerable anticipation among fans in Japan and worldwide.

The animation will be directed by Ryohei Takeshita known as the director of “Jellyfish Can’t Swim in the Night” and CygamesPictures will be handling the animation production for the series.

In addition to the previously announced cast members Chiaki Kobayashi and Shuichiro Umeda, the new cast members Yumiri Hanamori, Wakana Kowaka, and Chikahiro Kobayashi made a surprise appearance on “The Summer Hikaru Died” special stage held today at AnimeJapan 2025. Furthermore, the main trailer, featuring the ending theme song “Anata wa Kaibutsu(you are my monster)” performed by TOOBOE was unveiled for the first time.

Comments from the new casts and the production staff who are responsible for the character designs have also been revealed.

Official website：https://hikanatsu-anime.com/
The main trailer：https://www.youtube.com/@hikaru_anime_en

The Main Promotional Video Revealed!

The main trailer for “The Summer Hikaru Died” has been released.

In this video, you can enjoy a sneak peek of the ending theme song “Anata wa Kaibutsu(you are my monster)” performed by TOOBOE, which is being revealed for the first time. Please look forward to the chilling blend of slice of life and the supernatural that defines this work.

New Cast Comments Arrived!

Yumiri Hanamori (Asako Yamagishi)

I’m Yumiri Hanamori, who will be playing the role of Asako Yamagishi in “The Summer Hikaru Died”.

The first time I read this work, I was greatly shocked that the story begins from the point where it didn’t make it in time.

In a place that shouldn’t have existed.

What if “something” very close to what didn’t make it appears in front of us?

What choice would we choose?

What will be awaiting them at the end of their summer?

I will do my best to play the role so that you can feel the atmosphere that sticks to your skin.

Thank you very much.

Wakana Kowaka (Rie Kurebayashi)

I’m Wakana Kowaka, who will be playing the role of Rie Kurebayashi.

I’m looking forward to seeing how this work, which is filled with various emotions, how it will be visualized.

And the Mie dialect! We are all working so hard to record it!

I want to do my best to play Rie Kurebayashi, who is close to Yoshiki and Hikaru and has kindness in her sternness.

Chikahiro Kobayashi (Tanaka)

When I read the original story, my heart was firmly grasped from the beginning!

The scene of “Summer” that everyone feels nostalgic for is mixed with the fear and wonder of not knowing what is happening.

It’s really interesting.

I’m very happy to be able to mix in with the atmosphere of this work…!

Let’s watch it together when summer comes!

Additional character information released!!

Asako Yamagishi (voiced by Yumiri Hanamori)

A classmate of Yoshiki. Since childhood, she has been able to “hear” things that ordinary people cannot. She is tall, lively, and intelligent.

Rie Kurebayashi (voiced by Wakana Kowaka)

A housewife who can “see” things that ordinary people cannot. She worries about Yoshiki, who is with a dangerous and terrifying presence, and warns him to stay away.

Tanaka (voiced by Chikahiro Kobayashi)

A man who seems to be investigating something for a certain company. He is always carefree and elusive. He has a hamster as his partner.

The ending theme song features the currently trending artist, TOOBOE!

Theme Song for the Ending

“Anata wa Kaibutsu(you are my monster)” by TOOBOE

Lyrics, Composition, and Arrangement by TOOBOE

Release: Summer 2025

TOOBOE（ Ending theme song artist）

Hello, I’m TOOBOE, and I will be in charge of the ending theme song. In creating this piece, I delved deeply into the original story, contemplating how one might savor memories and promises upon realizing that the neighbor the one believed to be true isn’t actually who the one thought. The more I tried to understand Yoshiki’s feelings, the more pure, sorrowful, and cruel they became. The resulting song, “Anata wa Kaibutsu(you are my monster)” became a kind of forgiveness that I extended to the characters. I hope it can add a vibrant touch to this wonderful story. Thank you for your support.

TOOBOE Profile Information

A solo project led by the music creator “john,” TOOBOE is involved in a wide range of creative activities, including lyrics, composition, arrangement, singing, illustration, and video production. With a distinctive voice and catchy, addictive music, TOOBOE is a multi-artist who seamlessly traverses the modern music scene between the internet and J-POP. TOOBOE made a major debut with the release of the first single “SHINZOU（HEART）” in April 2022. The song “JOUZAI（TABLET）,” released in November 2022, was featured as the ending theme for Episode 4 of the TV anime “Chainsaw Man.” Furthermore, the music video for “ITAINO ITAINO TONDEIKE” released in June 2024, has gained momentum worldwide, surpassing 20 million views on YouTube faster than ” SHINZOU（HEART）” and ” JOUZAI（TABLET）,” both of which had already exceeded 20 million views.

Official Site: https://www.sonymusic.co.jp/artist/tooboe/  

X：(TOOBOE): https://twitter.com/casablancalanca?s=20&t=AuMjmQ4Tq4j0bIfSzh5hNA 

(Official): https://twitter.com/tooboeofficial 

Instagram: https://www.instagram.com/john_tooboe/ 

TikTok: https://www.tiktok.com/discover/jhon-tooboe?lang=ja-JP 

YouTube: https://www.youtube.com/channel/UC9rPALOT-ZVc7VEXATYSNCA 

Additional Staff Comments Arrived!

Cast

Yoshiki Tsujinaka: Chiaki Kobayashi

Hikaru: Shuichiro Umeda

Asako Yamagishi: Yumiri Hanamori

Rie Kurebayashi: Wakana Kowaka

Tanaka: Chikahiro Kobayashi

Staff:

Original Work: Mokumokuren (Serialized in KADOKAWA’s “YOUNG ACE UP”)

Director /Series Composition: Ryohei Takeshita

Character Design & Chief Animation Director: Yuichi Takahashi

DORODORO Animator: Masanobu Hiraoka

Prop Design: Ryunosuke Oji

Sub Character Design: Mai Watanabe, Hiroko Seigan, Shoko Nagasawa

Art Setting: Shuhei Tada, Takeshi Takahashi, Yohihiro Sono

Art Director: Kohei Honda

Color Design: Naomi Nakano

Assistant Color Design: Yuko Koshida

3D Supervisor: Yoshinori Nakano

Director of Photography: Tomohiro Maeda

2D Design: Yusuke Nagara, Yuri Tsue

Editing: Kashiko Kimura

Sound Direction: Koji Kasamatsu

Sound Production: dugout

Music: Taro Umebayashi

Ending Theme Song “Anata wa Kaibutsu(you are my monster)” by TOOBOE

Animation Production: CygamesPictures

Staff comments

Yuichi Takahashi (Character Designer & Chief Animation Director)

Hikaru and Yoshiki may appear simple at first glance, but the breath and body temperature emanating from inside the characters can be felt thanks to the overwhelming persuasiveness and descriptive power of the original work.

The heat oozing out of the characters, and the reconstruction of the original character modeling, which seems to depict that as well, was a challenge that had never been attempted before. We hope that we were able to reproduce the body temperature of the characters that we felt from the original work.

Masanobu Hiraoka (DORODORO Animator)

I am always thinking about how to express the unique and unsettling atmosphere of “The Summer Hikaru Died” in terms of the artwork.

In particular, the depiction of “DORODORO” with a heterogeneous presence is one of the important elements that accentuate the eeriness of this work.

The viscosity and weight of the movement, as well as the unpleasantness of the spread of the “DORODORO” were carefully considered in order to leave a strong impression on the audience.

We made sure that the disturbing nature of the original work and the horror that lurks within its beauty could be expressed in the images.

I hope you will enjoy the “distorted beauty” that only a film can capture.

Taro Umebayashi (Music)

I am very honored to be involved in Mokumokuren’s “The Summer Hikaru Died” which is loved by so many fans.

I am working on the music for the animation directed by Ryohei Takeshita so that I can contribute to the expression of the work in any way I can.

Follow “The Summer Hikaru Died” for the latest news and announcements：

Official website: https://hikanatsu-anime.com/ 

Official X : https://x.com/hikaru_anime_en

Netflix Title Page: https://www.netflix.com/title/81948057

About “The Summer Hikaru Died”

“The Summer Hikaru Died” is a hit horror manga series about an ordinary high school boy, Yoshiki, who experiences various mysterious incidents in his life with Hikaru, a mysterious being who imitates his best friend Hikaru Indou. The story of “whatever it is” and the boy’s madness has garnered significant attention, making it a must-see anime film.

Following the announcement of the anime adaptation in May 2024, there is considerable anticipation among fans in Japan and worldwide.

Introduction

In a certain village

Since their childhood, they have grown up together.

Yoshiki and Hikaru, childhood friends.

the sun shining down on them

the chirping sound of a cryptotympana facialis

Ice cream on the way home

Laughing over trivial things

One day in summer, no different from any other day

…… You’re not Hikaru after all, are you?

Half a year ago, Hikaru went missing in the mountains.

A week later, he came back on a whim.

The voice, the figure, the thing that looked like Hikaru

What was stirring inside…

“Hikaru is no longer with us. …… if that’s the case.”

Starting the days with “something” in the form of a friend,

The “same as usual” everyday life.

But at the same time…

Strange incidents begin to plague the village.

Falling into the unknown “something”

The curtain rises on a coming-of-age horror story.

Work Information

Original story: Based on the comic “The Summer Hikaru Died” by Mokumokuren, originally serialized in the YOUNG ACE UP published by KADOKAWA

Director/Series Composition : Ryohei Takeshita

Character Design/Chief Animation Director ：Yuichi Takahashi

DORODORO Animator : Masanobu Hiraoka

Animation Production ：CygamesPictures

Copyright ：©Mokumokuren/KADOKAWA/The Summer Hikaru Died Partners

Copyrights must be indicated when posting or using the image materials.

Original work information

Title ：”The Summer Hikaru Died”

Author ：Mokumokuren

Previously published: Volumes 1-5 (Kadokawa Comics A)

Available on YenPress

https://yenpress.com/series/the-summer-hikaru-died

 

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SOURCE CyberAgent,Inc.

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Chengdu Unleashes Industry Opportunities at 2025 World Conference on Cultural Industry

Published

1 hour ago

on

March 22, 2025

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CHENGDU, China, March 22, 2025 /PRNewswire/ — A report from National Business Daily:

Chengdu, a city celebrated for its deep cultural roots, showcased its growing prowess in creative industries at the 2025 World Conference on Cultural Industry, held March 21-22. Themed “Culture Leadership in Urban Vitality and Innovation”, the event attracted industry leaders, government officials, and creative professionals from around the world, highlighting Chengdu’s efforts to blend culture with cutting-edge technologies and innovation.

The two-day conference explored thriving creative industries such as gaming, animation, film, and design, providing a platform for collaboration through industry matchmaking, site visits, and cultural events. The opening ceremony featured speeches from international delegates, including a representative from South Yorkshire, U.K., alongside perspectives from Greater Manchester and Liverpool officials on urban creative strategies.

Industry experts offered detailed insights into trends driving digital creativity, while a signing ceremony cemented partnerships in various sectors of cultural industry. Local media group presented a series of local projects, underscoring the city’s contributions to innovation in digital media and storytelling.

During the conference, a standout moment came as the U.K. delegation toured two of Chengdu’s leading digital creative parks. Discussions with park managers and companies centered on product exports and potential cross-border collaborations. That evening, a Sino-U.K. cultural promotion dinner spotlighted opportunities in film, music, art, design, and sports, with several initial agreements taking shape during one-on-one talks.

On March 22, participants visited Chengdu’s iconic landmarks, experiencing the city’s rich heritage and vibrant creative spirit firsthand. The tours reinforced Chengdu’s appeal as a place where tradition meets modern innovation, leaving a strong impression on attendees.

The conference bolstered Chengdu’s connections with global creative industries, positioning it as an increasingly influential player in the international cultural and technological landscape while fueling its ongoing development ambitions.

Photo – https://mma.prnewswire.com/media/2647187/Conference_Scene.jpg

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Technology

IDC Overseas, Ltd. Announces Expiration and Results of Exchange Offer of its Outstanding 9.0% Notes due 2026

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3 hours ago

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March 22, 2025

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TORTOLA, British Virgin Islands, March 21, 2025 /PRNewswire/ — IDC OVERSEAS, LTD. (the “Company” or “IDC”) announced today that its offer to exchange (the “Exchange Offer”) any and all of its outstanding 9.0% Notes due 2026 (ISIN: XS2590265471; Common Code: 259026547) (the “Existing Notes”) for an equal amount of its new 9.0% Notes due 2030 (the “New Notes”) has expired in accordance with its terms at 4:00 p.m. London time on March 21, 2025.  An aggregate principal amount of $144,940,000 of Existing Notes have been validly tendered for exchange, representing 96.63% of the outstanding Existing Notes.  The Company has accepted for exchange all of the Existing Notes tendered.  The Company expects the settlement date of the Exchange Offer to be on or about March 26, 2025

General

BCP Securities, Inc. is acting as exclusive dealer manager for the Exchange Offer. D.F. King Ltd. has been appointed as the information agent and exchange agent for the Exchange Offer. The complete terms and conditions of the Exchange Offer are described in the exchange offer memorandum, copies of which may be obtained by Eligible Holders by contacting (i) BCP Securities, Inc. at jharper@bcpsecurities.com or (ii) D.F. King Ltd. at +44 20 7920 9700 or idc@dfkingltd.com. For more information, visit https://clients.dfkingltd.com/idc.

The New Notes have not been and will not be registered under the Securities Act of 1933, as amended (the “Securities Act”), or the securities laws of any state of the United States or other jurisdiction, and may not be offered or sold within the United States, except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act. Accordingly, the New Notes are being offered and sold only to non-U.S. persons outside the United States in compliance with Regulation S under the Securities Act (“Eligible Holders”).

This announcement is for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to buy the New Notes nor an offer to purchase Existing Notes. The Exchange Offer was made solely by means of the exchange offer memorandum.

About the Company

IDC was founded in 1995 and has evolved from a consulting firm to an investment bank, to a multi-fund platform for strategic investments. IDC operates its business through four offices located in Miami, Guatemala City, Madrid and Copenhagen, providing a global platform and local knowledge for sourcing transactions and raising capital for different funds and a network divided into six verticals. IDC’s purpose is to be a transformation agent, ultimately making a positive impact and changing the lives of people through its investments and proprietary projects. As of December 31, 2024, the Company’s assets under management were US$2.1 billion.

Forward-Looking Statements

This release may contain forward-looking statements. These statements relate to our future prospects, developments and business strategies and are identified by our use of terms and phrases such as “believe,” “could,” “would,” “will,” “estimate,” “expect,” “intend,” “may,” “plan,” “predict,” “strategy” and similar terms and phrases, and may include references to assumptions. By their nature, forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. We caution you that forward-looking statements are not guarantees of future performance and are based on numerous assumptions and that our actual results of operations, including our financial condition and liquidity may differ materially from (and be more negative than) those made in, or suggested by, any forward-looking statements contained in this release. In addition, even if our results of operations, including our financial condition and liquidity and the development of the industry in which we operate, are consistent with the forward-looking statements contained in this release, those results or developments may not be indicative of results or developments in subsequent periods. These forward-looking statements speak only as of the date of this release and we undertake no obligation to update or revise any forward-looking statement, whether as a result of new information or future events or developments. More detailed information about these and other factors is set forth in the exchange offer memorandum.

View original content:https://www.prnewswire.com/news-releases/idc-overseas-ltd-announces-expiration-and-results-of-exchange-offer-of-its-outstanding-9-0-notes-due-2026–302408390.html

SOURCE IDC Overseas, Ltd.

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