Neville Brink
CEO & Executive Director

Good morning, everybody, and thank you for joining us this morning at our interim results presentation. My name is Neville Brink, CEO of the Group. And I’m joined by Zafar Mahomed, CFO and over the next 1.5 hours, will take you through our half year results presentation.

The format that I’m going to follow is — I’ll give a quick overview of the results. I’ll then work through the divisions, the 3 operating businesses I’ll then Zaf — hand over to Zaf and he’ll do the group financial results. And then I’ll end off having a brief discussion on the next 6 months outlook and talk a bit about our strategy, and then we should have about half an hour for questions. So let’s kick off straight away.

So let me just start by saying people asked me how I felt about the results. And it’s — although we are flat on last year, it’s a quite pleasing result. And why I say that is it points to the diversification of our business. And the strategy that we’ve developed over the last 5 years of broadening our ability to deal with the volatility of the fishing industry. And it is a volatile industry, and we’ve had some tough challenges in the 6 months. But overall, our business has done well because where we’ve had challenges, other businesses have stepped up and replace the earnings that we’ve seen a drop off in particular in the fishmeal and oil side. And Lucky Star, our strategy remains to grow that brand and expand into new categories. We spend substantial capital in the Wild caught side, enhancing and upgrading our factories and vessels, and

WASHINGTON — As Americans prepare for the three-day weekend marking Memorial Day on Monday, May 25, 2026, the holiday serves as both a solemn tribute to fallen service members and the unofficial kickoff to summer. While many will fire up grills and head to beaches, the day’s origins trace back to the Civil War era, when communities first gathered to honor the dead with flowers and flags.

Here are 10 key facts that highlight the history, traditions and significance of Memorial Day 2026.

1. Memorial Day 2026 falls on May 25, the last Monday in May. The Uniform Monday Holiday Act of 1968 shifted the observance from the fixed date of May 30 to create a consistent three-day weekend for federal employees. This change took effect in 1971. In 2026, it lands on May 25, aligning with millions planning travel and gatherings.

2. It began as Decoration Day after the Civil War. Originally called Decoration Day, the holiday emerged in 1868 when Maj. Gen. John A. Logan issued an order for the Grand Army of the Republic to decorate graves of Union soldiers. Communities across the country, including formerly enslaved people in Charleston, South Carolina, in 1865, had already begun similar tributes. The name evolved to Memorial Day, becoming official in 1967.

3. More than 25 cities claim to be its birthplace. Waterloo, New York, received official recognition from President Lyndon B. Johnson in 1966 as the birthplace, citing its 1866 observance where businesses closed to honor fallen soldiers. However, historians note early events in other locations, reflecting widespread grassroots efforts to remember the Civil War dead.

4. Red poppies serve as a powerful symbol of remembrance. Inspired by the 1915 poem “In Flanders Fields” by Lt. Col. John McCrae, the red poppy became associated with honoring the fallen, particularly after World War I. Volunteers often distribute them to support veterans’ causes.

5. Flags fly at half-staff until noon. By presidential proclamation, the U.S. flag is displayed at half-staff from sunrise until noon on Memorial Day. President Donald Trump’s 2026 proclamation also designated the day as one of prayer for permanent peace and called for the National Moment of Remembrance at 3 p.m. local time.

6. The National Moment of Remembrance occurs at 3 p.m. Since 2000, Americans have observed a moment of silence at 3 p.m. local time to honor those who died in military service. This pause encourages reflection amid what has become a busy holiday weekend.

7. Arlington National Cemetery hosts major ceremonies. Each year, the president or vice president lays a wreath at the Tomb of the Unknown Soldier. Thousands of small American flags are placed on graves throughout the cemetery, a tradition dating back decades. Similar events occur at national cemeteries nationwide.

8. It marks the unofficial start of summer with major travel. The holiday weekend typically sees millions on the move. In recent years, projections have topped 3 million air travelers, alongside road trips and beach outings. Retailers report strong sales in grilling supplies, mattresses and outdoor gear.

9. Hot dogs and barbecues define many celebrations. From Memorial Day to Labor Day, Americans consume billions of hot dogs. The holiday has evolved into backyard gatherings, parades and festivals in communities large and small, blending remembrance with family traditions.

10. It differs from Veterans Day. Memorial Day honors those who died in service, while Veterans Day on Nov. 11 recognizes all who served, living and deceased. The distinction remains important in how Americans express gratitude.

Beyond these facts, Memorial Day 2026 features parades and ceremonies across the country. Cities from Syracuse, New York, to Falls Church, Virginia, and Cleveland, Ohio, planned events including fun runs, music and veteran tributes. Some locations adjusted for weather, moving indoor or modifying outdoor displays.

The holiday’s evolution reflects America’s ongoing relationship with its military history. From the roughly 620,000 Civil War deaths that prompted early observances to sacrifices in later conflicts, the day underscores the human cost of freedom.

Economically, the weekend boosts sectors like travel, retail and tourism. AAA and other groups have historically forecasted record travel numbers as families take advantage of the long break.

Culturally, the day blends solemnity with celebration. Veterans’ organizations use the occasion for education, sharing stories of service and sacrifice. Programs like the National Memorial Day Concert on PBS bring stories to a national audience.

Challenges persist in preserving the day’s meaning. Some observers worry that barbecues and sales overshadow remembrance. Officials and advocacy groups encourage visits to cemeteries, participation in moments of silence, and teaching younger generations about the holiday’s roots.

In 2026, with the nation at a significant milestone — the 250th anniversary of independence approaching — reflections on service carry added weight. Presidential proclamations continue to stress unity and gratitude.

Communities adapt traditions to modern times. Virtual events, social media campaigns with poppy filters, and youth involvement in flag placements help keep engagement high. Schools and organizations host essay contests and history lessons focused on specific conflicts and individual stories.

The economic impact extends to small businesses. Parades bring crowds to main streets, while memorial events support local nonprofits. In Arlington and other areas, special exhibits and museums offer deeper historical context.

Weather often plays a role, as seen in reports of rain affecting some 2026 events in Connecticut and elsewhere, prompting indoor shifts.

Ultimately, Memorial Day 2026 reminds Americans of shared history. Whether attending a parade, visiting a gravesite or pausing at 3 p.m., the day calls for balancing joy in freedom with solemn memory of its price.

As one historical reflection noted, the custom of decorating graves draws from ancient traditions worldwide, adapted to honor those who defended the nation. In an era of global tensions, the message of sacrifice and peace resonates strongly.

Families across the country will gather, many with personal connections to military service. For them, the day holds intimate meaning alongside national observance.

With travel expected to surge and communities preparing tributes, Memorial Day 2026 stands as a multifaceted holiday — part remembrance, part recreation, fully American in its blend of duty and delight.

Griffin Perry

This Annual Meeting of Stockholders of Granite Ridge Resources, Inc. is now called to order. I’m Griffin Perry, Co-Chairman of the Board of Directors of Granite Ridge, and I cordially welcome you to today’s meeting. This annual meeting is being conducted online via live webcast. You may submit any questions at any time during the meeting using the field provided for questions in the web portal.

Emily Fuquay will act as Secretary of this meeting, and Leicia Savinetti will act as Inspector of Elections. Emily, will you present the list of stockholders entitled to vote at this meeting as well as evidence that the notice of this meeting was given to stockholders?

Emily Fuquay
Corporate Secretary

I present a complete list of stockholders of the company entitled to vote at this meeting being the stockholders of record at the close of business on March 24, 2026. This list has been kept on file at the company’s offices at 5217 McKinney Avenue, Suite 400 Dallas, Texas 75205, for a period of 50 days prior to this meeting and has been open to the examination of any stockholder for any purpose germane to the meeting at any time during ordinary business hours.

During this meeting, the list may be inspected by any stockholder who is present. Further, I present the following documents relating to the calling and convening of this meeting. First, a notice, proxy statement and proxy; and second, an affidavit from Continental Stock Transfer & Trust Company that such notice, proxy statement and proxy were mailed on April 8, 2026, to the stockholders of record at the close of business on March 24, 2026, that were entitled to notice of the meeting.

WASHINGTON — As millions of Americans hit the roads and beaches for the Memorial Day weekend, major retailers Target and Publix are keeping their doors open on Monday, May 25, 2026, offering convenient access for groceries, grilling supplies and household needs during the busy holiday.

Target stores across the country are operating under normal business hours, with most locations open from approximately 8 a.m. to 10 p.m., though times can vary by store. Publix supermarkets, popular in the Southeast, are also open during their standard hours — typically 7 a.m. to 11 p.m. — while their in-store pharmacies remain closed for the federal holiday.

The decision by these chains reflects a broader trend among retailers to accommodate consumer demand during one of the busiest shopping weekends of the year, even as the nation pauses to honor fallen service members. While some businesses like Costco close entirely, Target and Publix have become go-to destinations for holiday errands.

Retail analysts note that Memorial Day shopping combines practical needs with seasonal promotions. Many consumers stock up on items for backyard barbecues, outdoor furniture and summer apparel as temperatures rise across much of the United States.

For Target, the holiday aligns with ongoing sales events. Shoppers can find deals on everything from patio sets to electronics and apparel. A company spokesperson confirmed that stores would follow typical operating schedules, advising customers to use the retailer’s store locator tool for precise local hours.

Publix, known for its strong presence in Florida, Georgia and other Southern states, follows its policy of closing only on Thanksgiving, Christmas and Easter. The supermarket chain provides fresh produce, deli items and ready-to-grill meats, making it a popular stop for families preparing holiday meals. Pharmacies at Publix locations are closed, however, so customers needing prescriptions should plan ahead.

Holiday retail patterns have evolved in recent years. With more flexible work arrangements and extended travel, consumers increasingly rely on big-box and grocery stores that remain accessible. AAA projections indicate record travel numbers this weekend, with millions driving or flying, boosting demand at stores near highways and tourist areas.

Local variations exist. Some Target locations in high-traffic areas may extend hours slightly, while others in smaller communities could close earlier. Shoppers are encouraged to check individual store pages or call ahead. Similarly, Publix hours can differ marginally by location, though the vast majority maintain consistent schedules.

The retail landscape on Memorial Day balances commerce with respect for the holiday’s solemn purpose. Many stores participate in community tributes, such as displaying American flags or supporting veteran causes through donations and events. Target has historically run initiatives tied to military appreciation, while Publix supports local veterans’ organizations in its operating regions.

Economic data shows the Memorial Day weekend generates significant sales. The National Retail Federation and other groups have tracked billions in spending on food, beverages, home goods and travel-related items. Both Target and Publix contribute to this activity through in-store and online fulfillment options.

Online shopping complements physical store access. Target’s website and app allow for same-day pickup or delivery in many markets, providing flexibility for those attending parades or ceremonies. Publix offers similar services, including curbside pickup for busy families.

Weather across the country this Memorial Day is mixed, with some regions experiencing rain that could drive more indoor shopping. In the Southeast, where Publix dominates, forecasts call for typical late-spring conditions ideal for outdoor gatherings — and last-minute supply runs.

Consumer experts recommend planning ahead. Popular items like charcoal, paper plates, snacks and beverages often see high demand, potentially leading to temporary shortages in the afternoon. Both retailers have ramped up inventory for the weekend.

For those in areas with limited options, alternative stores like Walmart, Kroger and Aldi are also open, creating widespread availability for essential purchases. Banks and post offices, however, are closed in observance of the federal holiday.

The accessibility of Target and Publix highlights the modern interpretation of Memorial Day as both a day of remembrance and the unofficial start of summer. Families across the nation will gather for cookouts, beach trips and community events, often relying on these retailers for support.

In urban centers, suburban neighborhoods and rural towns alike, the stores serve diverse customer bases. Target appeals to a broad demographic with its mix of trendy and practical goods, while Publix maintains a reputation for quality service and fresh selections that resonate strongly in the South.

Retail workers at both chains will be on duty, many earning holiday pay or working shifts that allow them to participate in personal observances. Companies emphasize safety and customer service during peak periods.

Looking beyond today, the retail calendar moves quickly toward summer promotions and back-to-school preparations. Memorial Day sales at Target often preview larger events, while Publix continues its steady focus on everyday value and regional favorites.

As the sun sets on this Memorial Day 2026, shoppers who visit Target or Publix will find normal operations, providing convenience without compromising the day’s deeper meaning. Whether picking up flowers for a gravesite visit or ingredients for an evening barbecue, these retailers stand ready to serve.

Travelers returning home late in the day may particularly appreciate extended grocery access. With many Americans on the move, the ability to stop at familiar chains eases logistical challenges of the long weekend.

In summary, yes — both Target and Publix are open today. Checking local hours remains the best practice, as slight differences occur based on location, staffing and regional demand. This accessibility ensures that holiday preparations and celebrations can proceed smoothly across the country.

Masahiro Minami
Group CEO, President, Representative Executive Officer & Director

Hello. My name is Minami from Resona Holdings. Thank you very much for taking the time to attend today’s briefing session despite your busy schedule. Please let me dive right into the explanation. We have conducted an analyst call after the earnings briefing, so I will mainly talk about our growth strategy today.

First, the point we would like to communicate. This shows one of the financial KPIs we focus ROE. With the normalization of monetary policy, the rate rose from 6.5% to 9.2% over the 3 years of the previous midterm management plan. In the new MMP, we aim to achieve 12% ROE, assuming a policy rate of 1%. If the policy rate rise to 1.5%, we will consider around 14% ROE. These are the key points of the new MMP. We would like to show a new form towards becoming a frontrunner in next-generation retail financing in the new MMP.

First, as you see on the left top, we will aim to deliver JPY 1 trillion in top line, mainly around growth of our core businesses. We have been talking about reviving our ability to generate profit, but we aim to take this even further. In the upper right, we will work to create next-generation growth drivers by expanding our value proposition through strategic partnerships, ecosystem development and BaaS. In the middle of this is an ongoing process of structural reform. We are moving quickly to build a management foundation that will support the next generation by reviewing work styles, business processes and IT systems.

Last year, we mentioned that we

Unknown Executive

Ladies and gentlemen, esteemed investors and analysts, thank you very much for taking time out of your busy schedules to join today’s earnings conference call for MS&AD Insurance Group Holdings, Inc. My name is Hayashi from the Investor Relations Department, and I will be serving as the moderator for this session. I appreciate your kind attention and look forward to your participation.

Today, in addition to myself, Hayashi, we are joined by Mr. Nakayama, General Manager of Accounting as well as members from the Investor Relations and Accounting Department. The presentation materials are available on our company’s website under the Investors section, specifically in the IR Events area listed alongside the earnings release and the other related disclosures for the fiscal 2025 full year results. Please have these materials at hand as we proceed.

Please note that the results for fiscal year 2025 are presented in accordance with Japanese accounting standards, while the forecast for the fiscal year 2026 are based on IFRS. As with our previous conference calls, we have included a summary of today’s presentation in the materials. Therefore, at the outset, I will focus only on the key points, and we will dedicate most of the session to the Q&A. We aim to conclude the entire meeting in approximately 45 minutes, and we appreciate your understanding.