Quarterly update: Project Midgard—Q2 2025

Welcome to our Q2 update for Project Midgard, a period which encompassed significant progress across our reforestation, infrastructure, and community engagement efforts. Planting is now underway across 12,000 hectares of mosaic Eucalyptus plantations, marking a major step forward in our long-term restoration goals. We have also completed major infrastructure upgrades, including improvements to roads, power lines, and weather stations, strengthening our operational capacity and resilience. In collaboration with Fundación Moisés Bertoni, our teams participated in training focused on biodiversity conservation, which included vital instruction in snakebite first aid. Another milestone this quarter was the establishment of a landmark partnership with the Universidad Nacional de Asunción to advance native species restoration. In addition, 69 new jobs have been created to date and further growth expected in the months ahead.