Posts

Posted on

WEX Global Survey Finds that 74% of Travel Intermediaries Expect Growth This Year, Despite Geopolitical Uncertainty

WEX Global Survey Finds that 74% of Travel Intermediaries Expect Growth This Year, Despite Geopolitical Uncertainty

New benchmark research highlights how travel industry leaders are looking to proactive financial innovation and AI-driven operations to help secure long-term enterprise growth, amidst growing pressure on traditional operational infrastructures

PORTLAND, Maine–(BUSINESS WIRE)–
A new international survey of 300 travel industry executives conducted by FT Longitude, a division of the Financial Times, in partnership with WEX (NYSE: WEX), a global leader in intelligent payment solutions, highlights a landscape vulnerable to geopolitical volatility amidst compressing performance forecasts. However, the study also reveals strong resilience, showing that many travel intermediaries are adopting modernized payment strategies to overcome these external pressures and achieve their 2026 growth expectations.

The study, “Avoiding Payment Jet Lag,” offers comprehensive insights into how travel intermediaries are optimizing their back-office financial operations. While 74% of travel intermediaries still forecast growth this year despite conflict in the Middle East lowering initial expectations, the research highlights a widespread push to modernize legacy payment systems. Industry leaders recognize that updating these tools is critical, noting that system limitations during market disruptions can impact customer loyalty (79%) and limit an organization’s ability to provide crucial 24/7 payment support (57%) to travelers.

Despite these backend pressures, travel leaders can see a path forward. Transitioning away from passive, legacy financial systems is recognized as a business mandate, with 59% of executives predicting that long-term enterprise growth will come directly from proactively innovating their corporate payment strategies.

“Operational resilience in 2026 depends as much on an organization’s digital payment architecture as it does on traditional infrastructure and frontline logistics,” said Jason Hancock, managing director of Global Travel at WEX. “The report highlights how travel intermediaries are no longer just playing defense against escalating market volatility or supplier insolvencies. Instead, they are transforming their own modern payment architecture into proactive tools for risk protection, cash flow flexibility, and sustainable growth.”

Additional findings from the global survey include:

  • Premium travel services can help stabilize margins: Despite adverse events, consumer spending remains fairly resilient, with 61% reporting steady demand. Crucially, luxury travel can offer a reliable path to near-term growth, as 86% of executives state that premium packages stabilize their margins during times of crisis.
  • The chargeback security imperative: Currently, 84% of executives say the risk of financial loss from supplier insolvency feels higher than it did just 12 months ago. 82% of leaders state that better frameworks for chargebacks could save their organization money by improving supplier payment recovery rates.
  • The dawn of agentic automation: Travel intermediaries are leaning into automation to boost day-to-day efficiency. The survey found that 59% of travel organizations plan to scale AI-driven tools for customer assistance, while 54% intend to deploy agentic AI for discovery efforts, all while maintaining centralized human control over booking decisions.

With decades of expertise managing complex B2B data and financial flows, WEX helps travel organizations implement flexible, API-driven payment platforms, integrated automated data networks, and secure virtual card infrastructure. Transitioning to these modern frameworks helps insulate travel leaders from their three top-cited mid-term risks – supplier insolvency, volatile currency exchange rates, and sophisticated payment fraud – while building the structural flexibility required to confidently unlock new revenue streams.

To read the full research report and discover actionable insights for short-, medium-, and long-term travel payment strategies, view “Avoiding Payment Jet Lag”here.

About the study

The findings in the research report are based on an international survey of 300 senior travel industry executives, conducted by WEX in partnership with FT Longitude. Respondents span the C-suite (30%) and C-1 and C-2 levels (70%) across Australia, Germany, Singapore, the United Kingdom, and the United States. The survey sampled leaders from a cross-section of enterprise revenue bands ranging from $50 million to $50 billion. By company type, the study includes insights from online travel agencies (OTAs) (60%), travel management companies (TMCs) (25%), and other travel intermediaries or third-party suppliers, such as wholesalers, aggregators, bed banks, and global distribution system (GDS) providers (15%).

About WEX

WEX (NYSE: WEX) is the global commerce platform that simplifies the business of running a business. WEX has created a powerful ecosystem that offers seamlessly embedded, personalized solutions for its customers around the world. Through its rich data and specialized expertise in simplifying benefits, reimagining mobility and paying and getting paid, WEX aims to make it easy for companies to overcome complexity and reach their full potential. For more information, please visit www.wexinc.com.

About FT Longitude

FT Longitude combines intelligence and influence to leave a lasting impression on the world of business. With a focus on pioneering thought leadership strategies and creative storytelling techniques, it creates high-impact campaigns that engage key decision-makers and imprints brands with unforgettable messages. Part of the Financial Times Group, FT Longitude helps brands to connect with the world’s most influential people through the FT’s 21 million monthly global readers. For more information, please visit longitude.ft.com.

Media Contact

WEX

Kelly Gibson, 360-334-1304

[email protected]

KEYWORDS: Maine United States North America

INDUSTRY KEYWORDS: Technology Payments Finance Fintech Professional Services Transportation Vacation Destinations Artificial Intelligence Travel

MEDIA:

Logo
Logo
Posted on

Omdia: Southeast Asia Smartphone Shipments Fall 23% in 2Q26 to Lowest Level Since 2014

Omdia: Southeast Asia Smartphone Shipments Fall 23% in 2Q26 to Lowest Level Since 2014

LONDON–(BUSINESS WIRE)–
Southeast Asia’s smartphone market declined 23% year-on-year in 2Q26, with shipments falling to 19.3 million units, the lowest quarterly level since 2014, according to the latest research from Omdia. Despite the sharp decline in shipments, market value proved more resilient, reaching $6.6 billion as average selling prices (ASPs) rose 31% year-on-year (YoY) to $342.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260826318424/en/

Southeast Asia smartphone market shipment, 1Q22 to 2Q26

Southeast Asia smartphone market shipment, 1Q22 to 2Q26

Brands split between protecting volume and maintaining prices

– Samsung gained market share despite raising prices. The Galaxy A07 and A17 were repriced upward after launch, reversing the typical pattern of post-launch price declines. This helped lift Samsung’s share of the overall $200–299 segment from 18% in 2Q25 to 32% in 2Q26. It also gained share across the wider sub-$300 market, where competitors were reducing their exposure.

– Xiaomi posted the second-largest ASP increase among the top five vendors at 43.5%, while shipments declined 21%. The increase reflected both post-launch price rises for existing models, including the Redmi Note 15, and higher launch prices for new models such as the 17T and Redmi A7 Pro compared with their predecessors. Xiaomi’s sub-$100 shipments fell 69%, while shipments in the $100–199 segment grew 55%.

– TRANSSION remained the most exposed to the entry-level market. Its sub-$100 shipments declined 47% in 2Q26, while shipments priced at $100–199 grew 12%, making this the group’s largest price band. New models including the Infinix Hot 70 and Tecno Spark 50 4G were also launched at significantly higher prices than the models they replaced.

– OPPO almost entirely exited the lowest price band, with sub-$100 shipments falling 96% in 2Q26. The lost volume was not offset by the next price tier, where shipments of $100–199 devices also declined 25%, contributing to the steepest overall shipment decline among the top five vendors.

– vivo moved its entry-level model above $100 in most markets. Its sub-$100 shipments fell 88% in 2Q26 and accounted for just 5% of its total volume, compared with 32% a year earlier.

Sub-$100 segment accounts for most of the market decline

“Much of the entry-level volume has been absorbed into the higher price bands in a domino effect,” said Omdia Senior Analyst, Sheng Win Chow. “When one model is repriced, vendors often need to reposition other devices within their portfolios to avoid cannibalization. However, shipments above $100 still declined 2% overall, showing that the higher price bands have not absorbed all of the displaced volume. Much of that volume has left the market altogether rather than moving upwards.”

The $100–199 segment has absorbed the largest share of the remaining entry-level demand, increasing from 32% to 39% of total shipments. Much of this resilience came from devices that would previously have competed below $100 being repriced into the higher band.

Reduced discounting has also contributed to the shift between price bands. Historically, much of Southeast Asia’s sub-$100 volume came from heavy discounts on models originally launched at higher prices. In 2Q26, that pattern reversed as vendors not only introduced new models at higher prices but also raised prices on existing devices after launch, including Samsung’s Galaxy A07 and A17 series and Xiaomi’s Redmi Note 15 series.

Southeast Asia smartphone market forecast to decline 25% in 2026

“Southeast Asia is heading for its steepest annual contraction in at least seven years,” said Le Xuan Chiew, Research Manager at Omdia. “Omdia forecasts smartphone shipments in the region will fall 25% YoY to 75.3 million units in 2026. The weakness seen in the first half of the year is expected to continue into the second half, as rising device prices weigh further on shipment volumes. Markets with greater exposure to entry-level devices and open-market retail channels, such as Indonesia and the Philippines, are expected to experience larger declines.

Memory cost pressure will intensify in the second half of the year. Devices shipped in 1H26 reflect memory costs based on a blended average of earlier purchases rather than current market prices. This means current margins do not yet reflect the increase in memory costs. As lower-cost inventory is depleted, vendors will face the full impact of today’s higher memory prices.”

Southeast Asia’s smartphone shipments and annual growth

Omdia Smartphone Market Pulse: 2Q26

Vendor

2Q26

shipments (million)

2Q26

market share

2Q25

shipments (million)

2Q25

market share

Annual

growth

Samsung

3.9

20%

4.3

17%

-11%

Xiaomi

3.7

19%

4.7

19%

-21%

TRANSSION

3.4

18%

4.6

18%

-25%

OPPO

3.1

16%

5.2

21%

-41%

vivo

2.0

11%

2.8

11%

-26%

Others

3.1

16%

3.4

14%

-7%

Total

19.3

100%

25.0

100%

-23%

 

 

 

Note: Xiaomi estimates include sub-brand POCO, and OPPO includes realme but excludes OnePlus. Percentages may not add up to 100% due to rounding.

Source: Omdia Smartphone Horizon Service (sell-in shipments), August 2026

 

ABOUT OMDIA

Omdia, part of TechTarget, Inc. d/b/a Informa TechTarget (Nasdaq: TTGT), is a technology research and advisory group. Our deep knowledge of tech markets grounded in real conversations with industry leaders and hundreds of thousands of data points, makes our market intelligence our clients’ strategic advantage. From R&D to ROI, we identify the greatest opportunities and move the industry forward.

Fasiha Khan: [email protected]

Eric Thoo: [email protected]

KEYWORDS: Europe United Kingdom Asia Pacific

INDUSTRY KEYWORDS: Mobile/Wireless Technology Consumer Electronics

MEDIA:

Photo
Photo
Southeast Asia smartphone market shipment, 1Q22 to 2Q26
Photo
Photo
Southeast Asia smartphone shipment market share, top vendors, 1Q24 to 2Q26
Photo
Photo
Southeast Asia smartphone shipment, by price-band share and ASP
Photo
Photo
Southeast Asia smartphone shipment market share, 2Q 2026
Logo
Logo
Posted on

Accenture to Acquire COMWARE to Strengthen Accenture Edge and Accelerate Digital Core Reinvention for Mid-Market Companies in Japan

Accenture to Acquire COMWARE to Strengthen Accenture Edge and Accelerate Digital Core Reinvention for Mid-Market Companies in Japan

TOKYO–(BUSINESS WIRE)–
Accenture (NYSE: ACN) has agreed to acquire COMWARE Co., Ltd., a Tokyo-based provider of end-to-end technology services for mid-market companies. The acquisition will further strengthen Accenture Edge, a new business entity launched in June 2026 to help mid-market companies harness AI and reinvent how they operate. Terms of the transaction were not disclosed.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260825513852/en/

COMWARE Co., Ltd. to become part of Accenture

COMWARE Co., Ltd. to become part of Accenture

COMWARE is recognized for its strong IT implementation and operations capabilities for mid-market, as well as for its expertise in SAP and CRM technologies. COMWARE will add more than 180 professionals to Accenture and support the continued growth of Accenture Edge. This will further expand Accenture’s capabilities to support AI-, data-, and cloud-powered digital core reinvention.

Founded in September 2000, COMWARE has supported the growth of companies in Japan by providing services for core business systems, from implementation and development to maintenance and operations. The company has extensive experience serving discrete manufacturing, including make-to-order and make-to-plan production, as well as process manufacturing in industries such as chemicals and food. COMWARE will bring its deep understanding of manufacturing operations and long-standing client relationships to Accenture.

For more than 25 years, COMWARE has been a business partner of SAP Japan, providing SAP services and delivering high-quality, rapid implementations through its proprietary “COMet” implementation template. In recent years, COMWARE has also expanded its capabilities into CRM as a Salesforce business partner.

“As AI becomes foundational to how companies operate and compete, speed of execution has become increasingly critical to improving decision-making, productivity and competitiveness,” said Dai Hamaoka,representative director, president and Japan country managing director, Accenture. “COMWARE will bring deep knowledge of mid-market companies, exceptional talent, and strong client relationships. Combined with Accenture’s global execution capabilities and AI-driven transformation services, this will enable us to deliver scalable and repeatable transformation services more quickly to a broader range of clients. We will continue to support clients end-to-end, helping turn AI- and technology-driven change into business outcomes for sustainable growth and competitiveness in Japan.”

Tetsu Kayama, president of COMWARE Co., Ltd.,added, “Since our founding in September 2000, COMWARE has been at the forefront of SAP-centered ERP solutions. As AI continues to rapidly reshape the industry, we sought greater opportunities to accelerate our growth, and joining Accenture was the decision we needed to make to realize that ambition. Going forward, as part of Accenture, each of our employees will grow on this new stage, and we will contribute more than ever to the transformation and growth of companies across Japan.”

About Accenture

Accenture helps the world’s leading enterprises reinvent by building their digital core and unleashing the power of AI to create value at speed for organizations across industries. Our strategy is to be the reinvention partner of choice for our clients and lead in the safe, widespread adoption of AI, and to be the most client-focused, AI-enabled, great place to work in the world. We bring together the talent of our approximately 799,000 people with proprietary assets and platforms, deep process and industry expertise, and leading ecosystem relationships to deliver end-to-end solutions and measurable outcomes at scale. Through our Reinvention Services, we offer broad expertise across Cybersecurity, Digital Core, Finance, Industry and Enterprise, Song, Supply Chain and Engineering, and Talent, with advanced capabilities in AI and Data, Industry and Process, and Technology. We serve approximately 9,000 clients and generated approximately $70 billion in FY25 revenue. Visit us at accenture.com.

About Accenture Edge

Accenture Edge helps mid-market companies harness AI and reinvent how they operate. Backed by Accenture’s large-enterprise expertise and deep ecosystem partnerships, Accenture Edge delivers pre-built, right-sized solutions that help mid-market organizations modernize core systems, adopt AI, strengthen security and simplify operations at speed and scale. Learn more at www.accenture.com/edge.

Forward-Looking Statements

Except for the historical information and discussions contained herein, statements in this news release may constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as “may,” “will,” “should,” “likely,” “anticipates,” “aspires,” “expects,” “intends,” “plans,” “projects,” “believes,” “estimates,” “positioned,” “outlook,” “goal,” “target,” “strategy,” and similar expressions are used to identify these forward-looking statements. These statements are not guarantees of future performance nor promises that goals or targets will be met, and involve a number of risks, uncertainties and other factors that are difficult to predict and could cause actual results to differ materially from those expressed or implied. Many of the following risks, uncertainties and other factors identified below may be amplified by conflict in the Middle East, as well as any escalation or expansion of economic disruption or the conflict’s current scope. These risks include, without limitation, risks that: Accenture and COMWARE will not be able to close the transaction in the time period anticipated, or at all, which is dependent on the parties’ ability to satisfy certain closing conditions; the transaction might not achieve the anticipated benefits for Accenture; Accenture’s results of operations have been, and may in the future be, adversely affected by volatile, negative or uncertain economic and geopolitical conditions and the effects of these conditions on the company’s clients’ businesses and levels of business activity; Accenture’s business depends on generating and maintaining client demand for the company’s solutions and services including through the adaptation and expansion of its solutions and services in response to ongoing changes in technology and offerings, and a significant reduction in such demand or an inability to respond to the evolving technological environment could materially affect the company’s results of operations; risks and uncertainties related to the development and use of AI, including advanced AI, could harm the company’s business, damage its reputation or give rise to legal or regulatory action; if Accenture is unable to match people and their skills with client demand around the world and attract and retain professionals with strong leadership skills, the company’s business, the utilization rate of the company’s professionals and the company’s results of operations may be materially adversely affected; Accenture faces legal, reputational and financial risks from any failure to protect client and/or company data from security incidents or cyberattacks; the markets in which Accenture operates are highly competitive, and Accenture might not be able to compete effectively; if Accenture does not successfully manage and develop its relationships with its ecosystem partners or fails to anticipate and establish new alliances in new technologies, the company’s results of operations could be adversely affected; Accenture’s ability to attract and retain business and employees may depend on its reputation in the marketplace; Accenture’s profitability could materially suffer due to pricing pressure, if the company is unable to remain competitive, if its cost-management strategies are unsuccessful or if it experiences delivery inefficiencies or fail to satisfy certain agreed-upon targets or specific service levels; changes in Accenture’s level of taxes, as well as audits, investigations and tax proceedings, or changes in tax laws or in their interpretation or enforcement, could have a material adverse effect on the company’s effective tax rate, results of operations, cash flows and financial condition; Accenture’s results of operations could be materially adversely affected by fluctuations in foreign currency exchange rates; Accenture’s debt obligations could adversely affect its business and financial condition; as a result of Accenture’s geographically diverse operations and strategy to continue to grow in key markets around the world, the company is more susceptible to certain risks; if Accenture is unable to manage the organizational challenges associated with its size, the company might be unable to achieve its business objectives; Accenture might not be successful at acquiring, investing in or integrating businesses, entering into joint ventures or divesting businesses; Accenture’s business could be materially adversely affected if the company incurs legal liability; Accenture’s work with government clients exposes the company to additional risks inherent in the government contracting environment; Accenture’s global operations expose the company to numerous and sometimes conflicting legal and regulatory requirements; if Accenture is unable to protect or enforce its intellectual property rights or if Accenture’s solutions or services infringe upon the intellectual property rights of others or the company loses its ability to utilize the intellectual property of others, its business could be adversely affected; Accenture may be subject to criticism and negative publicity related to its incorporation in Ireland; as well as the risks, uncertainties and other factors discussed under the “Risk Factors” heading in Accenture plc’s most recent Annual Report on Form 10-K and other documents filed with or furnished to the Securities and Exchange Commission. Statements in this news release speak only as of the date they were made, and Accenture undertakes no duty to update any forward-looking statements made in this news release or to conform such statements to actual results or changes in Accenture’s expectations.

Copyright © 2026 Accenture. All rights reserved. Accenture and its logo are trademarks of Accenture.

Ken Kanda and Kazumi Yamada

Accenture

[email protected]

KEYWORDS: Japan Asia Pacific

INDUSTRY KEYWORDS: Software Technology Networks Data Management

MEDIA:

Photo
Photo
COMWARE Co., Ltd. to become part of Accenture
Posted on

Digital Realty breaks ground on new state-of-the-art data center in Switzerland

With the construction of ZUR4, Digital Realty is expanding its data center campus in Glattbrugg. The new data center is expected to both accelerate AI innovation and drive sustainable growth across Europe.

ZURICH, Aug. 27, 2026 (GLOBE NEWSWIRE) — Digital Realty (NYSE: DLR), the world’s largest cloud- and carrier-neutral data center platform, today announced the start of construction on a new, state-of-the-art data center in Glattbrugg. The facility – ZUR4 – will provide 15 megawatts (MW) of IT capacity across approximately 6,300 m2 of space, serving the growing demand for digital infrastructure in one of Europe’s most important data and financial hubs.

ZUR4 is planned to expand the already best-connected data center campus in Switzerland, comprising ZUR1, ZUR2, and ZUR3. Digital Realty’s entire European portfolio, including its data centers in Switzerland, is powered by 100% renewable energy. ZUR2 has also been awarded the first-ever PLATINUM Plus certification by the Swiss Datacenter Efficiency Association (SDEA), which is a significant milestone for sustainable infrastructure and data center operations in Switzerland.

The new data center is designed to support high-density deployments and AI workloads. Thanks to state-of-the-art cooling systems and an energy-efficient architecture, it is planned to meet the growing requirements of companies driving innovation in AI and machine learning.

The campus also is expected to offer direct cloud connectivity with outstanding connectivity options and serves as a gateway to Digital Realty’s global data center platform, PlatformDIGITAL® with more than 300 data centers worldwide.

With ZUR4, Digital Realty is also expanding locally operated, highly secure data center capacity in Switzerland, supporting customers who have data location, resilience and connectivity requirements as part of their own digital infrastructure strategies.

“Our continued investments in Zurich and across Europe – including the ongoing construction of FRA20 in Frankfurt and VIE13 in Vienna – reflect both the strategic importance of the region and the growing demand for AI-optimized, data-sovereign and sustainable digital infrastructure,” says Yves Zischek, Managing Director of Digital Realty in Austria and Switzerland. “With ZUR4 and the continued expansion of our campus in Glattbrugg, we are creating a future-proof ecosystem that connects more than 200 customers on-site and more than 6,000 customers worldwide.”

“The expansion of ZUR4 vividly demonstrates how much digital infrastructure has become the backbone of the Canton of Zurich’s economy. Investments like this not only secure jobs and innovative capacity, but also strengthen our digital self-determination as a location,” says Barbara Franzen, Member of the Cantonal Council, FDP, Canton of Zurich.

“Secure, locally anchored data infrastructure is crucial to our country’s digital future. With ZUR4, Digital Realty will be making an important contribution to Switzerland’s digital sovereignty, which is decisive, as well as to the innovative strength of the Canton of Zurich,” says Nik Gugger, Member of the National Council, EVP, and President of the Swiss Cyber Security Days.

Completion of ZUR4 is planned for 2028.

About Digital Realty

Digital Realty brings companies and data together by delivering the full spectrum of data center, colocation, and interconnection solutions. PlatformDIGITAL®, the company’s global data center platform, provides customers with a secure data meeting place and a proven Pervasive Datacenter Architecture (PDx®) solution methodology for powering innovation, from cloud and digital transformation to emerging technologies like artificial intelligence (AI), and efficiently managing Data Gravity challenges. Digital Realty gives its customers access to the connected data communities that matter to them with a global data center footprint of 300+ facilities in 55+ metros across 30+ countries on six continents. To learn more about Digital Realty, please visit digitalrealty.com or follow us on LinkedIn and X.

For Additional Information

Media Contact
Rémi Andreassian
Digital Realty
+33 7 70 29 47 38
[email protected]

Investor Relations
Jordan Sadler / Jim Huseby
Digital Realty
+1 415 275 5344
[email protected]

Safe Harbor Statement

This press release contains forward-looking statements which are based on current expectations, forecasts and assumptions that involve risks and uncertainties that could cause actual outcomes and results to differ materially, including statements related to expected completion dates, ZUR4 capacity and other capabilities and expected benefits, expected growth in digital transformation, sustainability goals, company strategy and customer demand. For a list and description of such risks and uncertainties, see the reports and other filings by the company with the U.S. Securities and Exchange Commission. The company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.



Posted on

CMB.TECH ANNOUNCES Q2 2026 RESULTS

ANTWERP, Belgium, 27 August 2026 – CMB.TECH NV (“CMBT”, “CMB.TECH” or “the company”) (NYSE: CMBT, Euronext Brussels: CMBT and Euronext Oslo Børs: CMBTO)
reported its unaudited financial results today for the second quarter ended 30 June 2026.

HIGHLIGHTS

Financial highlights:

  • Profit for the period of USD 364.4 million in Q2 2026.
  • EBITDA for the same period was USD 552.8 million.
  • CMB.TECH’s contract backlog stable at USD 3.26 billion with the addition of 2 x 2-year CSOV time charters and 1 x 1-year VLCC time charter​
  • Intention to distribute an amount of USD 0.64 per share. 

Fleet highlights:

  • Delivery of 9 newbuilding vessels (Q2 + Q3 to date):
    • Newcastlemaxes: Mineral Latvija, Mineral Magyar, Mineral Eesti, Mineral Lietuva
    • VLCCs: Morini
    • Suezmaxes: Cap Grace, Cap Joseph
    • CSOV: Windcat Haarlem
    • CTV: FRS Windcat 65 
  • CMB.TECH and Fortescue have signed a milestone agreement for the charter of up to 12 ammonia-powered Newcastlemax vessels (210,000 dwt)
  • Previously announced sale of VLCCs Ilma (2012, 314,000 dwt) and VLCC Ingrid (2012, 314,000 dwt). The sale generated a gain of a USD 98.2 million in Q2 2026.
  • Previously announced sale of Suezmax Sienna (2007 – 150,205 dwt). The sale generated a gain of USD 29.2 million.
  • Sale of VLCC Donoussa (2016, 299,999 dwt). This sale will generate a gain of approximately 74.3 million USD in Q4 2026, based on the net sale price and book values.
  • Sale of three Suezmaxes, Brest (2023, 156,851 dwt), Brugge (2023, 156,851 dwt) and Bristol (2024, 156,851 dwt). These sales will generate a gain of approximately 100.2 million USD in Q3 2026 and 56.9 million USD in Q4 2026, based on the net sale price and book values.

For the second quarter of 2026, the company realised a net profit of USD 364.4 million or USD 1.26 per share (second quarter 2025: a net profit of 7.8 USD million or USD 0.04 per share attributable to the owners of the Company). EBITDA (a non-IFRS measure) for the same period was USD 552.8 million (second quarter 2025: USD 224.1 million).

“CMB.TECH achieved excellent results in the second quarter of 2026, supported by continued strength in tanker and dry bulk markets. We continue to make hay while the sun shines, building on the important strategic decisions taken over the past three years: diversifying beyond tankers, acquiring Golden Ocean and investing in a future-proof newbuilding programme.

While uncertainties remain around global trade, geopolitical tensions and the tanker orderbook, CMB.TECH is well positioned to navigate changing market conditions and to continue creating long-term value.” – Alexander Saverys, CEO CMB.TECH.


Key figures

                       
  The most important key figures (unaudited) are:                    
                       
  (in thousands of USD)     Second Quarter 2026   Second Quarter 2025   YTD 2026   YTD 2025  
                       
  Revenue             703,943           387,808           1,223,573           622,852          
  Other operating income             16,724           13,021           37,055           20,155          
                       
  Raw materials and consumables             (594)           (2,319)           (2,003)           (5,128)          
  Voyage expenses and commissions             (144,349)           (81,338)           (249,168)           (123,742)          
  Vessel operating expenses             (125,469)           (113,644)           (252,956)           (175,473)          
  Charter hire expenses             (3,756)           (1,307)           (3,974)           (1,620)          
  General and administrative expenses             (30,771)           (33,548)           (58,558)           (56,395)          
  Net gain (loss) on disposal of tangible assets             127,517           57,340           394,871           103,791          
  Depreciation and amortisation             (111,425)           (108,698)           (217,996)           (164,369)          
  Impairment reversals/(losses)             140           (3,573)           729           (3,573)          
                       
  Net finance expenses             (76,172)           (118,225)           (157,869)           (182,440)          
  Share of profit (loss) of equity accounted investees             9,399           1,622           21,495           1,571          
  Profit (loss) before income tax             365,187           (2,861)           735,199           35,629          
                       
  Income tax benefit (expense)             (807)           (4,723)           (1,985)           (2,840)  
  Profit (loss) for the period             364,380           (7,584)           733,214           32,789          
                       
  Attributable to:                    
  Owners of the Company             364,380           7,768           733,214           51,766          
  Non-controlling interest             —           (15,352)           —           (18,977)          
                       
                       

                     
  Earnings per share:                  
                     
  (in USD per share)   Second Quarter 2026   Second Quarter 2025   YTD 2026   YTD 2025  
                     
  Weighted average number of shares (basic) *           290,169,769           194,216,835                   290,169,769           194,216,835          
  Basic earnings per share           1.26           0.04                   2.53           0.27          
                     
                     
  • The number of shares issued on 30 June 2026 is 315,977,647. However, the number of shares excluding the owned shares held by CMB.TECH at 30 June 2026 is 290,169,769.

                     
  EBITDA reconciliation (unaudited):                  
                     
  (in thousands of USD)   Second Quarter 2026   Second Quarter 2025   YTD 2026   YTD 2025  
                     
  Profit (loss) for the period           364,380           (7,584)                   733,214           32,789          
  + Net finance expenses           76,172           118,225                   157,869           182,440          
  + Depreciation and amortisation           111,425           108,698                   217,996           164,369          
  + Income tax expense (benefit)           807           4,723                   1,985           2,840          
  EBITDA (unaudited)           552,784           224,062                   1,111,064           382,438          
                     

                       
  EBITDA per share:                    
                       
  (in USD per share)     Second Quarter 2026   Second Quarter 2025   YTD 2026   YTD 2025  
                       
  Weighted average number of shares (basic)             290,169,769           194,216,835                   290,169,769           194,216,835          
  EBITDA             1.91           1.15                   3.83           1.97          
                       
                       

All figures, except for EBITDA and EBITDA per share, have been prepared under IFRS as adopted by the EU (International Financial Reporting Standards) and have not been audited nor reviewed by the statutory auditor.


Intention of distribution

The Supervisory Board proposes a total distribution of USD 0.64 per share, consisting of (i) an intermediary dividend of USD 0.21 per share (subject to 30% withholding tax, to the extent no exemption or reduction applies) and (ii) a payment of USD 0.43 per share out of the available share premium (which is exempt from withholding tax) (the “Distribution”). 

The Distribution is subject to the completion of the relevant corporate procedures prescribed by the Belgian Companies and Associations Code (Wetboek van vennootschappen en verenigingen / Code des sociétés et des associations) and, in particular, the approval of the Distribution by the Special Shareholders’ Meeting of CMB.TECH, which will be convened later this year (the “Shareholders’ Meeting”). 

CMB.TECH will provide further information on the payment date (expected in October), record date and other practical modalities of the Distribution once the Distribution is effectively approved by the Shareholders Meeting, in accordance with applicable regulations. 


TCE

The average daily time charter equivalent rates (TCE, a non IFRS-measure) can be summarised as follows:

 

 

 Q2 2026 Q2 2025 Quarter-to-Date Q3 2026
USD/day USD/day USD/day Fixed %
DRY BULK VESSELS
Newcastlemax average spot rate(1) 46,198 23,081 43,096 85%
Capesize average spot rate(1) 39,998   32,873 77%
Capesize average time charter rate 32,102      
Panamax/Kamsarmax average spot rate(1) 20,226   19,137 84%
Panamax/Kamsarmax average time charter rate 13,765      
TANKERS
VLCC average spot rate (1) 126,790 44,981 125,404 83%
VLCC average time charter rate(3) 78,434 46,094    
Suezmax average spot rate(1) (3) 123,405 40,160 117,579 73%
Suezmax average time charter rate 34,726 33,023    
CONTAINER VESSELS
Average time charter rate 29,589 29,378    
CHEMICAL TANKERS
Average spot rate(1) (2) 22,021 22,411 22,350 NA
Average time charter rate 19,658 19,306    
OFFSHORE ENERGY
CSOV Average time charter rate 64,451   50,511 65%
CTV Average time charter rate 3,565 3,146 3,765 98%


1)

Reporting load-to-discharg
e for TCE
s
, in line with IFRS 15
, net of commission
.
Revenue days are the aggregate number of calendar days in the period in which the vessels are owned by the Company or chartered by the Company less days on which a vessel is off hire or repositioning days in connection with sale


(


2


)

CMB.TECH owned ships in Stolt Pool (excluding technical off hire days)


(


3


)

Including profit share where applicable


CMB.TECH FLEET DEVELOPMENTS

Commercial contracts

  • CMB.TECH’s contract backlog stable at USD 3.26 billion with the addition of 2 x 2-year CSOV time charters and 1 x 1-year VLCC time charter​
  • CMB.TECH and Fortescue have signed a milestone agreement for the charter of up to 12 ammonia-powered Newcastlemax vessels (210,000 dwt)

Sales

Following vessels were delivered to their new owners in Q2 2026 – generating a total gain of approximately USD 127.4 million:

  • Two VLCCs: Ilma (2012, 314,000 dwt) and Ingrid (2012, 314,000 dwt) – gain of approximately USD 98.2 million in Q2 2026, based on the net sales price and book values.
    • One Suezmax Sienna (2007, 150,205 dwt). The sale generated a gain of USD 29.2 million and was delivered in the second quarter of 2026.

Following vessels will be delivered to their new owners in Q3 2026:

  • Two Suezmaxes: Brest (2023, 156,851 dwt) and Brugge (2023, 156,851 dwt). This sale will generate a gain of approximately 100.2 million USD in Q3 2026, based on the net sale price and book values.

Following vessels will be delivered to their new owners in Q4 2026:

  • VLCC Donoussa (2016, 299,999 dwt). This sale will generate a gain of approximately 74.3 million USD in Q4 2026, based on the net sale price and book values.
  • Suezmax Bristol (2024, 156,851 dwt). This sale will generate a gain of approximately 56.9 million USD in Q4 2026​, based on the net sale price and book values.

Newbuilding deliveries

Delivery date Type of vessel Name
8 April 2026 Suezmax Cap Grace (2026, 156,000 dwt)
27 April 2026 Suezmax Cap Joseph (2026, 156,000 dwt)
4 May 2026 CSOV Windcat Haarlem (2026)
11 May 2026 Newcastlemax Mineral Latvija (2026, 210,000 dwt)
28 May 2026 Newcastlemax Mineral Eesti (2026, 210,000 dwt)
8 June 2026 Newcastlemax Mineral Magyar (2026, 210,000 dwt)
10 June 2026 VLCC Morini (2026, 319,000 dwt)
29 June 2026 Newcastlemax Mineral Lietuva (2026, 210,000 dwt)
14 July 2026 CTV FRS Windcat 65


MARKET & OUTLOOK

Bocimar – Dry Bulk Market

1

Dry bulk markets entered 2026 with strong momentum, with the Baltic Dry Index averaging materially higher year-on-year in Q2 and spot earnings across major dry-bulk vessel classes trending well above seasonal norms. Capesize C5TC (BCI-182) time charter equivalent (TCE) earnings averaged USD 39,806 per day during Q2 2026, compared to a 10-year historical average of USD 22,926 per day2. Average sector earnings in the second quarter were supported by robust major bulk volumes, firm minor bulk activity, and generally tighter effective fleet supply. Continuing on a strong Q2, the Capesize C5TC (BCI-182) average for July stands at 38,646 USD/day, 13,671 USD/day higher compared to July 2025 (BCI-182 recalculated basis) – and increased further in August up to 46,201 USD/day.

Iron ore trade remained a key pillar of dry bulk demand during the second quarter of 2026. Overall global iron ore seaborne transportation increased by 0.9% between Q2 2025 and Q2 2026, and by 12.2% between Q1 2026 and Q2 2026. China imported 316.4 million tonnes of iron ore in Q2, up 0.6% year-on-year, bringing first-half imports to 637.4 million tonnes, an increase of 5.1% compared to the same period last year. Although Chinese steel production remains under pressure, domestic iron ore production declined by 7% year-on-year to 466.9 million tonnes during the first half of the year, increasing reliance on higher-quality imported ores.

Looking ahead, continued strength in seaborne iron ore trade is supported by the production and shipment guidance of the major iron ore miners and the ongoing ramp-up of the Simandou project. Iron ore export volumes historically strengthen in the second half of the year, with weekly shipments typically increasing by approximately 7.7% from week 27 (start H2) through year-end compared with the first H1 weeks. Vale maintained its 2026 production guidance of 335-345 million tonnes, implying second-half production growth ranging from -2.0% to +3.4% year-on-year depending on the outcome within the guidance range. Fortescue’s FY27 shipment guidance of 197-207 million tonnes points to broadly stable export volumes, while BHP’s FY27 production guidance midpoint of 266 million tonnes is also broadly unchanged year-on-year. Rio Tinto’s unchanged 2026 guidance implies a meaningful increase in second-half Pilbara shipments compared with the first half, while the gradual ramp-up of Simandou provides additional support to tonne-mile demand. Although initial Simandou volumes remain modest, the Guinea-China trade route is more than three times longer than the traditional Australia-China iron ore trade, creating a disproportionately positive impact on vessel demand and fleet utilisation.

Coal emerged as one of the strongest contributors to dry bulk demand during the quarter. Global seaborne coal transportation reached 276 million tonnes in Q2 2026, increasing by 11.8% between Q2 2025 and Q2 2026, and by 15.1% between Q1 2026 and Q2 2026. Seaborne coal transportation accelerated following the disruption of Middle East energy flows, as higher LNG prices supported coal consumption in several importing countries (mainly Europe, Japan, South Korea, and Taiwan). While coal demand remains closely linked to weather patterns and energy markets, current market fundamentals suggest continued support for seaborne coal demand through Q3 and potentially into Q4.

In addition, Chinese domestic coal production was constrained by enhanced safety inspections following a major mining accident, while rising summer temperatures and strong power demand increased import requirements. China’s electricity consumption rose 5.3% year-on-year during the first half of 2026, with repeated records in peak electricity loads. Demand for both thermal and metallurgical coal strengthened, with Australian coal shipments to China nearing multi-year highs in July 2026.

Bauxite continues to be one of the strongest growth commodities in the dry bulk market. Despite recurring rumours regarding export restrictions in Guinea, volumes have remained robust and largely uninterrupted. Global seaborne bauxite transportation reached 60.6 million tonnes in Q2 2026, increasing by 4.6% between Q2 2025 and Q2 2026, and decreasing -13.9% between Q1 2026 and Q2 2026. As per the regular seasonal pattern, volumes eased during the peak rainy season (summer period). Volumes are expected to recover as weather conditions improve by Q3/Q4. As a result, bauxite is expected to remain an important source of tonne-mile demand during the second half of the year and continues to play an increasingly important role in global dry bulk trade growth.

Grain trade also provided solid support to dry bulk markets during the quarter. Global seaborne grains transportation reached 70.0 million tonnes in Q2 2026, increasing by 8.6% between Q2 2025 and Q2 2026, and by 0.7% between Q1 2026 and Q2 2026. Brazil remained the dominant supplier (128 million tonnes for H1 or 27.8% market share), benefiting from a large crop and competitive pricing, while the United States (87 million tonnes for H1 or 18.9% market share) has gradually regained market share and is expected to increase exports during the upcoming harvest season. The competition between Brazilian and US exports to China is supportive for tonne-mile demand and is expected to sustain healthy vessel utilisation during the second half of 2026 as seasonal trade flows shift between origins.

Weather developments remain an important factor for dry bulk markets. The National Oceanic and Atmospheric Administration (NOAA) officially declared El Niño in June 2026, with a 97% chance it will persist through early spring 2027. Historically, major El Niño events have disrupted agricultural production, altered commodity trade patterns, affected hydropower generation and increased coal demand in several regions. Early impacts have already been observed in Asia through stronger electricity demand and changing energy consumption patterns. While full weather effects always remain uncertain, a prolonged and severe El Niño event could support additional commodity trade flows and increase volatility across several dry bulk cargo segments through late 2026 and into 2027.

There have been some reports about a pick-up in demand for coal-fired power generation in Japan and the need to replace the drop in hydro generation as 2Q26 El Niño weather patterns pressured hydropower output. This is happening on the backdrop of reduced gas-fired output on gas-to-coal switching as the Hormuz conflict continues to keep LNG prices high. Coal discharges to Japan have been up 4% year-over-year, with thermal coal discharges increasing to 53.9 million tonnes in H1 2026, whilst coking coal discharges remained largely flat.

Bocimar has 40 (+6NB) Newcastlemaxes on the water (average age 3.2y), 37 Capesize vessels on the water (average age 11.2y), and 30 Kamsarmax/Panamax vessels on the water (average age 7.4y).

Bocimar performance highlights:

  TCE Q2 2026 QTD Q3 2026
Newcastlemax SPOT 46,198 43,096 (85% fixed)
Capesize SPOT 39,998 32,873 (77% fixed)
Kamsarmax/Panamax SPOT 20,226 19,137 (84% fixed)

Euronav – Tanker Markets

3

Crude tanker markets experienced exceptional volatility during Q2 2026, primarily driven by escalating geopolitical tensions in the Middle East and the disruption of shipping flows through the Strait of Hormuz (SOH) and the Bab el-Mandeb Strait. Transit volumes through the Strait of Hormuz declined materially beginning of March from on average 120 daily crossing to on average 10 daily crossings between March and mid-June. On 17 June, the presidents of the US and Iran signed the Islamabad Memorandum, that formalized the process of ending the war and established a 60-day period to negotiate the final terms of a deal, enabling a temporary ceasefire. This resulted in a rapid recovery of Strait of Hormuz traffic with on average more than 40 daily SOH crossing. Geopolitical tensions escalated again in early July, and the ceasefire ended on July 7th. As a resultant, daily crossing dropped again towards on average 20 daily crossings. Both sides have since treated the Islamabad MoU as void, the US blockade is reported as still operating, Bab el-Mandeb transits have fallen to multi-month lows on renewed Houthi activity – increasing the likelihood of Red Sea escalation risk.

The resulting scramble for available tonnage led to sharp spikes in spot freight rates across key benchmark routes. Against this backdrop, VLCC time charter equivalent (TCE) earnings averaged USD 140,029 per day in Q2 2026, compared to a Q2 10-year historical average of USD 30,198 per day. Suezmax earnings followed a similar trajectory, with Q2 2026 TCE averaging USD 146,567 per day versus a Q2 10-year average of USD 30,946 per day.

The disruption also led to a widespread reconfiguration of global crude trade flows. Importing nations increasingly sourced barrels from alternative regions, while exporters outside the Middle East, including the United States, Brazil, Kazakhstan and Venezuela, increased shipments to partially offset lost Arabian Gulf volumes. Longer voyage distances and a more complex trading environment temporarily supported tonne-mile demand and fleet utilisation. At the same time, elevated uncertainty around regional security conditions delayed a full return to normal trading patterns and encouraged charterers to secure tonnage well in advance. However, despite the strong freight market performance, several underlying market indicators suggest a more cautious medium-term outlook.

During the recent disruption around the Strait of Hormuz, Chinese crude imports declined sharply, as buyers drew on substantial inventories rather than competing aggressively for replacement barrels. China’s strategic and commercial crude inventories were estimated at around 1.25 billion barrels at the end of 2025, providing a significant buffer against supply shocks and elevated prices. This inventory position enables China to be a price-sensitive and tactical buyer of seaborne crude oil. Rather than acting as a passive source of demand, China can increasingly time purchases depending on price levels, refinery margins and geopolitical risk. This helped cushion the immediate impact of the Iran-related disruption on global oil prices, but it also makes future crude import demand more dependent on inventory cycles and opportunistic restocking. For crude tanker demand, the medium-term outlook therefore depends not only on underlying oil consumption, but also on the pace at which China rebuilds inventories. Once the oil prices settle again, restocking in China (and other Asian economies) could support seaborne crude flows and tonne-mile demand. At the same time, Chinese refiners remain cautious amid weakened domestic fuel demand, high product inventories and continued fuel substitution through continuously increasing electrification and growth in the renewables sector, and by oil to coal switching. China’s high EV penetration has allowed some switching to driving on electricity rather than gasoline: gasoline consumption was 23% lower and EV charging volume 60% higher year over year in April and May.

Despite recent geopolitical disruptions, the underlying global oil market continues to face the prospect of a significant supply surplus. To date, there has been no sustained damage to major energy production infrastructure, supporting expectations that global oil supply can recover relatively quickly once tensions ease. In such a scenario, depleted inventories would likely be replenished, and trade flows progressively normalise. While recent events have temporarily supported tanker demand through longer haul voyages, market fundamentals suggest that any prolonged normalisation of Middle-East trade flows could see tanker demand gradually return towards underlying historic levels. Looking ahead, the ever-growing crude tanker orderbook remains an important consideration for the medium-term market balance and earnings outlook. Over the past months, the orderbook experienced the strongest period of newbuilding investment in the last 50 years (620 VLCCs and Suezmax units on order).

Euronav has 2 FSOs (average age 24y), 4 (+1NB) VLCCs (average age <1.0y) and 15 Suezmaxes (average age 8.1y) on the water4.

Euronav performance highlights:

  TCE Q2 2026 QTD Q3 2026
VLCC SPOT 126,790 USD/day 125,404 (83% fixed)
SUEZMAX SPOT 123,405 USD/day 117,579 (73% fixed)

 Delphis – Container Markets5

Container markets strengthened during the second quarter of 2026, supported by resilient cargo demand, continued disruption in Middle Eastern trade lanes and elevated congestion across key transhipment hubs. The closure of the Strait of Hormuz and the delayed return of Red Sea transits extended voyage distances, tightened effective vessel supply and supported both freight and charter markets. As a result, time charter rates reached their highest levels outside the post-pandemic period, while freight rates increased materially throughout the quarter, particularly on the Asia-Europe and Transpacific trades. Global trade volumes remained resilient despite regional disruptions, supported by robust demand on the main East-West routes, Intra-Asia and North-South trades.

Peak season demand, ongoing supply chain adjustments and a gradual rather than immediate normalisation of Middle East trade flows are expected to support freight and charter markets during the remainder of the summer period. On the other side, China’s official manufacturing PMI fell to 49.2 in July (from 50.3), returning to contraction after four months of expansion. The deterioration in both domestic and export demand points to softer demand for containerised imports of raw materials and intermediate goods, as well as slower growth in container exports in the coming months. If export demand continues to weaken, container shipping volumes on the major Asia–Europe and Transpacific trade lanes are likely to come under pressure.

While global container trade is still expected to continue growing during 2026 (+3.0% year-on-year in billion TEU-miles), fleet growth is forecast to exceed demand growth, supported by a historically large orderbook representing approximately 38% of the existing fleet. In addition, any eventual normalisation of Red Sea routing would reduce tonne-mile demand and increase effective vessel supply – meaning that for 2027, container demand is forecast to decrease by -5.8% in billion TEU-miles.

Delphis has 4 x 6,000 TEU (average age 1.8y) on the water and 1 NB 1,400 TEU container vessel. All vessels are employed under 10 to 15-year time charter contracts.

Bochem – Chemical Markets

6

Chemical tanker markets remained relatively resilient during the second quarter of 2026 despite significant disruption to global trade flows following the closure of the Strait of Hormuz. While chemical trade volumes temporarily declined and tanker transits through the region fell sharply, freight markets benefited from vessel dislocations, supply chain reconfiguration and longer voyage distances on selected routes. Spot freight rates remained above pre-conflict levels, supported by strong export activity from both the United States and Asia. US producers continued to benefit from a feedstock cost advantage, increasing exports to Europe, Latin America and Asia, while Chinese exporters leveraged strong inventories and feedstock flexibility to maintain robust regional trade flows.

As the quarter progressed, market participants adapted to the new operating environment, with chemical cargoes increasingly rerouted between regions. Demand for aromatics and petrochemical feedstocks remained broadly healthy, supported by inventory replenishment and shifting sourcing patterns. These developments generated additional tonne-mile demand on several long-haul corridors, partly offsetting reduced activity in the Middle East. At the same time, firm conditions in adjacent product tanker markets helped support vessel utilisation across the chemical tanker sector.

Looking ahead, the market outlook for the second half of 2026 remains constructive but subject to elevated uncertainty. The gradual normalisation of Hormuz transits should support a recovery in trade activity, although chemical cargo flows may take longer than crude oil and refined products to return to historical patterns. Furthermore, the sector faces a sizeable orderbook, with a meaningful number of chemical and product tanker deliveries scheduled through 2026-2028. While expected growth in seaborne chemical trade should absorb part of this additional capacity, the pace of demand recovery and vessel deliveries will be key determinants of freight market performance.

Bochem’s chemical tanker fleet comprises out of 8 delivered vessels, and 8 NB vessels (average age <1y). They are employed under a 10-year time charter (8 vessels), under a 7-year time charter (6 vessels), and in a spot pool (2 vessels).

Bochem performance highlights:

  TCE Q2 2026 QTD Q3 2026
25k DWT stainless Steel (Pool) 22,021 USD/day 22,350

Windcat – Offshore Energy Markets

7

The offshore energy market remained robust during the second quarter of 2026 despite a challenging investment backdrop for the wider offshore wind industry. While project sanctioning activity remained subdued, with only limited new final investment decisions recorded during the period, offshore wind construction, commissioning and operations & maintenance activity continued at high levels across Europe and Asia. A near-record pipeline of projects under construction supported strong demand for both CSOVs and CTVs, resulting in high utilisation and healthy chartering activity.

The European CSOV market remained particularly strong throughout the quarter. High fleet utilisation, limited prompt vessel availability and continued demand from offshore wind installation and maintenance campaigns supported attractive charter rates. Premium CSOVs were largely committed through the summer season, with charter rates typically ranging between EUR 50,000 and EUR 75,000 per day. Demand broadened beyond offshore wind as oil and gas operators increasingly adopted walk-to-work solutions for offshore maintenance activities. This growing crossover demand helped absorb additional capacity entering the market and further strengthened utilisation levels. European Tier-1 CSOV utilisation remained close to full employment, while average charter rates increased year-on-year. Looking ahead to the second half of 2026, market fundamentals remain supportive. Offshore wind construction activity across Europe, particularly in the Baltic Sea and North Sea, is expected to sustain strong demand for offshore support vessels, while emerging opportunities in the oil and gas sector provide an additional source of employment for CSOVs. However, visibility beyond 2026 remains more balanced with the rapid CSOV fleet expansion.

The CTV market also delivered solid performance during the quarter. Vessel availability tightened significantly ahead of the summer maintenance season, with most vessels fixed on contracts and only limited spot capacity available. Strong utilisation across Northwest Europe supported stable charter rates at historically attractive levels. Continued growth in offshore wind operational capacity and increasing maintenance requirements provided a supportive backdrop for vessel demand, while newbuild ordering activity remained disciplined.

Windcat has 3 (+4NB) CSOVs (average age <1y), and 60 (+3NB) CTVs (average age 10.4y).

Windcat performance highlights:

  TCE Q2 2026 QTD Q3 2026
CSOV 64,451 50,511 (65% fixed)
CTV 3,565 3,765 (98% fixed)


CONFERENCE CALL


The call will be a webcast with an accompanying slideshow. You can find the details of this conference call below and on the “Investor Relations” page of the website. The presentation, recording & transcript will also be available on this page.

Webcast Information  
Event Type:  Video conference call with slide presentation
Event Date: 27 August 2026
Event Time: 8 a.m. EST / 2 p.m. CET
Event Title:  “Q2 2026 Earnings Conference Call”
Event Site/URL:   https://events.teams.microsoft.com/event/9fcf4513-4ad3-44ec-8908-7058dfe26b88@d0b2b045-83aa-4027-8cf2-ea360b91d5e4

To attend this conference call, please register via the following link.

Telephone participants who are unable to pre-register may dial in to the respective number of their location (to be found here). The Phone conference ID is the following: 244 207 376#


Contact

CMB.TECH
Katrien Hennin
Head of Marketing and Communications
+32 499 39 34 70
[email protected]

Joris Daman
Head of Investor Relations
Tel: +32 498 61 71 11
[email protected]


Publication Q3 2026 results – 26 November 2026

About CMB.TECH

CMB.TECH (all capitals) is one of the largest listed, diversified and future-proof maritime groups in the world with a combined fleet of about 250 vessels: dry bulk vessels, crude oil tankers, chemical tankers, container vessels and offshore energy vessels. CMB.TECH also offers hydrogen and ammonia fuel to customers, through own production or third-party producers.

CMB.TECH is headquartered in Antwerp, Belgium, and has offices across Europe, Asia and Africa.

CMB.TECH is listed on Euronext Brussels and the NYSE under the ticker symbol “CMBT” and on Euronext Oslo Børs under the ticker symbol “CMBTO”.

More information can be found at https://cmb.tech

Forward-Looking Statements

Matters discussed in this press release may constitute forward-looking statements. The Private Securities Litigation Reform Act of 1995 provides safe harbour protections for forward-looking statements in order to encourage companies to provide prospective information about their business. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts. The Company desires to take advantage of the safe harbour provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe harbour legislation. The words “believe”, “anticipate”, “intends”, “estimate”, “forecast”, “project”, “plan”, “potential”, “may”, “should”, “expect”, “pending” and similar expressions identify forward-looking statements.

The forward-looking statements in this press release are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without limitation, our management’s examination of historical operating trends, data contained in our records and other data available from third parties. Although we believe that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond our control, we cannot assure you that we will achieve or accomplish these expectations, beliefs or projections.

In addition to these important factors, other important factors that, in our view, could cause actual results to differ materially from those discussed in the forward-looking statements include the failure of counterparties to fully perform their contracts with us, the strength of world economies and currencies, general market conditions, including fluctuations in charter rates and vessel values, changes in demand for tanker vessel capacity, changes in our operating expenses, including bunker prices, dry-docking and insurance costs, the market for our vessels, availability of financing and refinancing, charter counterparty performance, ability to obtain financing and comply with covenants in such financing arrangements, changes in governmental rules and regulations or actions taken by regulatory authorities, potential liability from pending or future litigation, general domestic and international political conditions, potential disruption of shipping routes due to accidents or political events, vessels breakdowns and instances of off-hires and other factors. Please see our filings with the United States Securities and Exchange Commission for a more complete discussion of these and other risks and uncertainties.

This information is published in accordance with the requirements of the Continuing Obligations on Euronext Oslo Børs.

Condensed consolidated interim statement of financial position (unaudited)

(in thousands of USD)

             
      June 30, 2026     December 31, 2025
ASSETS            
             

Non-current assets
 		           
Vessels             6,875,419     6,323,773
Assets under construction             532,660     739,373
Right-of-use assets             4,935     4,847
Other tangible assets             48,002     23,981
Intangible assets             16,055     12,710
Goodwill             177,022     177,022
Receivables             98,018     97,116
Investments             154,217     111,346
Deferred tax assets             2,541     2,850
             
Total non-current assets     7,908,869     7,493,018
             

Current assets
 		           
Inventory             120,674     77,175
Trade and other receivables             415,688     320,843
Current tax assets             2,828     4,912
Short-term investments             8,271     —
Cash and cash equivalents             151,574     146,529
      699,035     549,459
             
Non-current assets held for sale             219,985     363,097
             
Total current assets     919,020     912,556
             
TOTAL ASSETS     8,827,889     8,405,574
             
             
EQUITY and LIABILITIES            
             

Equity
 		           
Share capital             343,440     343,440
Share premium             1,689,882     1,817,557
Translation reserve             5,146     9,502
Hedging reserve             1,044     90
Treasury shares             (284,508)     (284,508)
Retained earnings             1,365,990     737,239
             
Equity attributable to owners of the Company     3,120,994     2,623,320
             

Non-current liabilities
 		           
Bank loans             2,869,323     2,839,590
Other borrowings             1,998,055     1,876,795
Lease liabilities             4,014     3,368
Other payables             15,072     20
Employee benefits             1,176     1,180
Deferred tax liabilities             26     485
             
Total non-current liabilities     4,887,666     4,721,438
             

Current liabilities
 		           
Trade and other payables             235,139     222,492
Current tax liabilities             2,807     8,288
Bank loans             195,082     351,170
Other notes             203,619     203,287
Other borrowings             180,981     273,898
Lease liabilities             1,587     1,681
Provisions             14     —
             
Total current liabilities     819,229     1,060,816
             
TOTAL EQUITY and LIABILITIES     8,827,889     8,405,574
             
             

Condensed consolidated interim statement of profit or loss (unaudited)

(in thousands of USD except per share amounts)

             
      2026     2025
      Jan. 1 – June 30, 2026     Jan. 1 – June 30, 2025

Shipping income
 		           
Revenue     1,223,573     622,852
Gains on disposal of vessels/other tangible assets     394,871     103,791
Other operating income     37,055     20,155
Total shipping income     1,655,499     746,798
             

Operating expenses
 		           
Raw materials and consumables             (2,003)             (5,128)
Voyage expenses and commissions             (249,168)     (123,742)
Vessel operating expenses             (252,956)     (175,473)
Charter hire expenses             (3,974)     (1,620)
Depreciation tangible assets             (216,568)     (162,767)
Amortisation intangible assets             (1,428)     (1,602)
Impairment reversals             729             (3,573)
General and administrative expenses     (58,558)     (56,395)
Total operating expenses     (783,926)     (530,300)
             
RESULT FROM OPERATING ACTIVITIES     871,573     216,498
             
Finance income     21,112     25,707
Finance expenses     (178,981)     (208,147)
Net finance expenses     (157,869)     (182,440)
             
Share of profit (loss) of equity accounted investees (net of income tax)             21,495     1,571
             
PROFIT (LOSS) BEFORE INCOME TAX     735,199     35,629
             
Income tax benefit (expense)     (1,985)     (2,840)
             
PROFIT (LOSS) FOR THE PERIOD     733,214     32,789
             

Attributable to:
 		           
Owners of the company     733,214     51,766
Non-controlling interest     —             (18,977)
             
Basic earnings per share     2.53     0.27
Diluted earnings per share     2.53     0.27
             
Weighted average number of shares (basic)     290,169,769     194,216,835
Weighted average number of shares (diluted)     290,169,769     194,216,835
             
             
             

Condensed consolidated interim statement of comprehensive income (unaudited)

(in thousands of USD)

             
      2026     2025
      Jan. 1 – June 30, 2026     Jan. 1 – June 30, 2025
             
Profit/(loss) for the period     733,214     32,789
             

Other comprehensive income (expense), net of tax
 		           

Items that will never be reclassified to profit or loss:
 		           
Remeasurements of the defined benefit liability (asset)             —             —
             

Items that are or may be reclassified to profit or loss:
 		           
Foreign currency translation differences     (4,356)     11,330
Cash flow hedges – effective portion of changes in fair value     954     (1,794)
             
Other comprehensive income (expense), net of tax     (3,402)     9,536
             
Total comprehensive income (expense) for the period     729,812     42,325
             

Attributable to:
 		           
Owners of the company     729,812     61,302
Non-controlling interest     —     (18,977)
             
             

Condensed consolidated interim statement of changes in equity (unaudited)

(In thousands of USD)

  Share capital Share premium Translation reserve Hedging reserve Treasury shares Retained earnings Equity attributable to owners of the Company Non-controlling interest Total equity
                   
Balance at January 1, 2025 239,148 460,486 (2,045) 2,145 (284,508) 777,098 1,192,324 — 1,192,324
                   
Profit (loss) for the period         —         —         —         —         — 51,766 51,766 (18,977) 32,789
Total other comprehensive income (expense)         —         — 11,330 (1,794)         —         — 9,536 — 9,536
Total comprehensive income (expense)         —         — 11,330 (1,794)         — 51,766 61,302 (18,977) 42,325
                   
Transactions with owners of the company                  
Business Combination – Initial purchase         —         —         —         —         —         — — 1,460,354         1,460,354
Business Combination – Subsequent purchases         —         —         —         —         —         73,705 73,705 (210,771) (137,066)
Dividends to Non-controlling interest         —         —         —         —         —         — — (5,095) (5,095)
Total transactions with owners         —         —         —         —         —         73,705 73,705 1,244,488 1,318,193
                   
Balance at June 30, 2025 239,148 460,486 9,285 351 (284,508) 902,569 1,327,331 1,225,511 2,552,842
                   
                   
                   
  Share capital Share premium Translation reserve Hedging reserve Treasury shares Retained earnings Equity attributable to owners of the Company Non-controlling interest Total equity
                   
Balance at January 1, 2026 343,440 1,817,557 9,502 90 (284,508) 737,239 2,623,320 — 2,623,320
                   
Profit (loss) for the period         —         —         —         —         — 733,214 733,214 — 733,214
Total other comprehensive income (expense)         —         — (4,356) 954         — — (3,402) — (3,402)
Total comprehensive income (expense)         —         — (4,356) 954         — 733,214 729,812 — 729,812
                   
Transactions with owners of the company                  
Dividends to equity holders         — (127,675)         —         —         — (104,462) (232,137) — (232,137)
Total transactions with owners — (127,675) — — — (104,462) (232,137) — (232,137)
                   
Balance at June 30, 2026 343,440 1,689,882 5,146 1,044 (284,508) 1,365,990 3,120,994 — 3,120,994
                   
                   
 

Condensed consolidated interim statement of cash flows (unaudited)

(in thousands of USD)

             
      2026     2025
      Jan. 1 – June 30, 2026     Jan. 1 – June 30, 2025
             
Net cash from (used in) operating activities     417,287     73,098
             
             
Net cash from (used in) investing activities     (83,108)     (1,381,329)
             
             
Net cash from (used in) financing activities     (328,475)     1,424,516
             
             
Net increase (decrease) in cash and cash equivalents     5,704     116,285
             
Net cash and cash equivalents at the beginning of the period     146,529             38,869
Effect of changes in exchange rates     (659)             (106)
             
Net cash and cash equivalents at the end of the period     151,574     155,048
             
             

1 Source: Clarksons SIN, NOAA, Citi, Ocean Analytics, Doric, Commodore Research
2 On 1 January 2026, the Baltic Exchange recalibrated its Capesize index by changing the standard reference vessel from a 180,000 DWT ship to a 182,000 DWT “eco” design. This update increased the baseline Baltic Capesize Index (BCI) time charter average by roughly USD 3,500 per day
3 Source: Clarksons SIN, IEA, Goldman Sachs, Bloomberg, CNBC, Citi, Vortexa
4 Announced vessels sales that have not yet been delivered to new owners are already excluded
5 Source: Clarksons
6 Source: Stolt Nielsen, Clarksons, S&P Global, SSY
7 Source: Clarksons

Attachment



Posted on

Materialise Reports Second Quarter and Half-Year 2026 Results

Materialise Reports Second Quarter and Half-Year 2026 Results

Regulated information1

LEUVEN, Belgium–(BUSINESS WIRE)–
Materialise NV (Euronext & NASDAQ:MTLS), a global leader in 3D-printed medical devices and software, and a pioneer in additive manufacturing software and services, today announced its financial results for the second quarter and the six months ended June 30, 2026.

Highlights – Second Quarter 2026

  • Total revenue increased by 8.1% to 70,073 kEUR for the second quarter of 2026 compared to 64,831 kEUR for the corresponding 2025 period.

  • Adjusted EBITDA increased by 15.7% to 9,593 kEUR for the second quarter of 2026 compared to 8,288 kEUR for the second quarter of 2025.

  • Adjusted EBIT increased by 26.9% to 3,880 kEUR for the second quarter of 2026 from 3,058 kEUR for the second quarter of 2025.

  • Net profit for the second quarter of 2026 amounted to 3,331 kEUR, or 0.06 EUR per diluted share, compared to net profit of 199 kEUR, or 0.00 EUR per diluted share, for the corresponding 2025 period.

  • The net cash position at quarter end was 74,214 kEUR, 1,388 kEUR higher compared to the net cash position as of March 31, 2026 while 2,903 kEUR was invested in share buybacks, underscoring continued strong operational cash generation.

Highlights – Half-Year 2026

  • Driven by a strong 9.6% growth in our Materialise Medical segment, total revenue increased by 3.9% to 136,349 kEUR for the first half of 2026 compared to 131,210 kEUR for the first half of 2025.

  • Gross profit as a percentage of revenue for the first half of 2026 was 57.0%, compared to 56.8% for the first half of 2025.

  • Adjusted EBITDA increased by 22.2% to 17,642 kEUR for the first half of 2026 compared to 14,434 kEUR for the first half of 2025. Adjusted EBIT increased by 71.4% to 6,351 kEUR for the first half of 2026 from 3,703 kEUR for the first half of 2025.

  • Net profit for the first half of 2026 amounted to 5,152 kEUR, or 0.09 EUR per diluted share, compared to a net loss of (337) kEUR, or (0.01) EUR per diluted share, for the first half of 2025.

  • Total cash reserves amounted to 133,735 kEUR at the end of the first half of 2026. The net cash position increased by 3,409 kEUR during the first half of 2026, while 5,212 kEUR was invested in share buybacks.

CEO Brigitte de Vet-Veithen commented, “In the second quarter of 2026, Materialise delivered strong financial results with consolidated revenue exceeding EUR 70 million, up 8% year over year. Double-digit revenue growth in our Materialise Medical segment was complemented by renewed growth in our Manufacturing segment driven by strong performance in our aerospace & defense focus markets.Combined with disciplined cost management and focused execution, this revenue growth translated into a significant improvement in operational and bottomline profitability.Our net cash position further strengthened supported by consistent operating cash flow while we continued the execution of our share buyback program.

We also made meaningful progress against our strategic priorities during the quarter. Our Materialise Software segment launched its new CO-AM offerings, we completed the previously announced divestitures of our RapidFit and Eyewear business lines, and we invested in Replasia to further expand our personalized hip care portfolio. These actions reflect our commitment to sharpening our focus, strengthening our leadership in high-value applications, and building the foundation for sustainable long-term growth. With a strong balance sheet, Materialise is well positioned to capture further opportunities ahead and to create lasting value for customers, patients, partners, and shareholders.”

__________________________

1 The enclosed information constitutes regulated information as defined in the Belgian Royal Decree of 14 November 2007 regarding the duties of issuers of financial instruments which have been admitted for trading on a regulated market.

Second quarter 2026 Results

Total revenue for the second quarter of 2026 increased by 8.1% to 70,073 kEUR from 64,831 kEUR for the second quarter of 2025. Adjusted EBIT increased by 26.9% to 3,880 kEUR for the second quarter of 2026 compared to 3,058 kEUR for the 2025 period. The Adjusted EBIT margin (Adjusted EBIT divided by total revenue) for the second quarter of 2026 was 5.5%, compared to 4.7% for the second quarter of 2025. Adjusted EBITDA for the second quarter of 2026 increased by 15.7% to 9,593 kEUR compared to 8,288 kEUR for the 2025 period.

Revenue from our Materialise Medical segment increased 12.2% to 36,873 kEUR for the second quarter of 2026 compared to 32,850 kEUR for the same period in 2025. Segment Adjusted EBITDA increased 7.7% to 11,553 kEUR for the second quarter of 2026 compared to 10,728 kEUR, while the segment Adjusted EBITDA margin was 31.3% compared to 32.7% for the second quarter of 2025.

Revenue from our Materialise Software segment decreased 2.7% to 9,601 kEUR for the second quarter of 2026 from 9,872 kEUR for the same quarter last year. Segment Adjusted EBITDA decreased to 981 kEUR from 1,373 kEUR, while the segment Adjusted EBITDA margin was 10.2% compared to 13.9% for the prior-year period.

Revenue from our Materialise Manufacturing segment increased 6.7% to 23,597 kEUR for the second quarter of 2026 from 22,109 kEUR for the second quarter of 2025. Segment Adjusted EBITDA improved to (285) kEUR compared to (807) kEUR for the same period in 2025, while the segment Adjusted EBITDA margin was (1.2)% compared to (3.6)% for the second quarter of 2025.

Gross profit increased 5.3% to 39,776 kEUR for the second quarter of 2026 compared to 37,778 kEUR for the same period last year, while gross profit as a percentage of revenue ended at 56.8% compared to 58.3% for the second quarter of 2025.

Research and development (“R&D”), sales and marketing (“S&M”), and general and administrative (“G&A”) expenses increased, in the aggregate, by 3.9% to 37,758 kEUR for the second quarter of 2026 from 36,334 kEUR for the second quarter of 2025.

Net other operating income was 766 kEUR compared to 1,286 kEUR for the second quarter of 2025. Net operating income in the second quarter of 2026 includes non-recurring charges of 689 kEUR from the impairment of tangible and intangible assets related to the transfer of the Eyewear assets.

Operating result remained fairly stable at 2,785 kEUR compared to 2,730 kEUR for the second quarter of 2025, while net financial result was 242 kEUR, compared to (3,052) kEUR for the second quarter of 2025. The latter being significantly impacted by unfavorable foreign exchange results.

The second quarter of 2026 contained net tax benefits of 304 kEUR, compared to net tax benefits of 521 kEUR in the second quarter of 2025.

As a result of the above, net profit for the second quarter of 2026 increased sharply to 3,331 kEUR, compared to 199 kEUR for the same period in 2025.

Cash flow from operating activities for the second quarter of 2026 amounted to 8,146 kEUR compared to (27) kEUR for the same period in 2025. Total cash used for capital expenditures for the second quarter of 2026 amounted to 1,975 kEUR and free cash flow after operating and investing activities was 5,625 kEUR.

Half-Year 2026 Results

Total revenue for the first half of 2026 increased by 3.9% to 136,349 kEUR, compared to 131,210 kEUR for the same period in 2025. Adjusted EBIT for the first half of 2026 increased by 71.4% to 6,351 kEUR, up from 3,703 kEUR for the corresponding period in 2025. The Adjusted EBIT margin (Adjusted EBIT divided by total revenue) for the first half of 2026 increased to 4.7%, compared to 2.8% for the same period in 2025. Adjusted EBITDA for the first half of 2026 increased by 22.2% to 17,642 kEUR, compared to 14,434 kEUR for the same period in 2025.

Revenue from our Materialise Medical segment increased by 9.6% to 70,039 kEUR for the first half of 2026, compared to 63,928 kEUR for the same period in 2025. The segment’s Adjusted EBITDA increased by 5.1% to 20,787 kEUR from 19,775 kEUR. The segment’s Adjusted EBITDA margin ended at 29.7% in the first half of 2026 compared to 30.9% for the first half of 2025.

Revenue from our Materialise Software segment decreased 2.1% to 19,242 kEUR for the first half of 2026 compared to 19,647 kEUR for the same period in 2025. The segment’s Adjusted EBITDA increased by 6.7% to 2,103 kEUR from 1,971 kEUR. The segment’s Adjusted EBITDA margin improved to 10.9% in the first half of 2026, compared to 10.0% in the first half of 2025.

Revenue from our Materialise Manufacturing segment decreased 1.2% to 47,067 kEUR for the first half of 2026 from 47,635 kEUR for the first half of 2025. The segment’s Adjusted EBITDA improved to (4) kEUR compared to (1,185) kEUR. The segment’s Adjusted EBITDA margin was (0.0)% in the first half of 2026, compared to (2.5)% in the first half of 2025.

Consolidated gross profit increased 4.3% to 77,670 kEUR from 74,502 kEUR in last year’s first half. Gross profit as a percentage of revenue increased to 57.0%, compared to 56.8% in the first half of 2025.

Research and development (“R&D”) expenses increased by 7.4% to 24,203 kEUR in the first half of 2026 reflecting higher investments in our Materialise Medical and Software segments. Other operational expenses, including sales and marketing (“S&M”) and general and administrative (“G&A”) expenses, remained stable in aggregate at 50,268 kEUR for the first half of 2026, compared to 50,311 kEUR for the first half of 2025.

Net other operating income was 1,676 kEUR compared to 1,646 kEUR for the first half of 2025.

Operating result increased to 4,875 kEUR for the first half of 2026 compared to 3,303 kEUR in the same period of the prior year.

Net financial result amounted to 634 kEUR, compared to (3,927) kEUR for the first half of 2025.

Income taxes amounted to (358) kEUR compared to 287 kEUR for the first half of 2025.

As a result, net profit amounted to 5,152 kEUR for the first half of 2026 compared to a net loss of (337) kEUR in the first half of 2025.

Cash flow from operating activities for the first half of 2026 increased to 15,060 kEUR compared to 9,686 kEUR for the first half of 2025. Total capital expenditures for the first half of 2026 amounted to 3,445 kEUR compared to 6,561 kEUR for the first half of 2025. Free cash flow, after operating and investing activities, for the first half of 2026 amounted to 11,368 kEUR.

At June 30, 2026, we held cash and cash equivalents of 133,735 kEUR compared to 133,918 kEUR at December 31, 2025. Gross debt decreased to 59,521 kEUR, compared to 63,113 kEUR at December 31, 2025. As a result, our net cash position increased by 3,409 kEUR to 74,214 kEUR compared to 70,805 kEUR as of December 31, 2025. At the end of the second quarter of 2026 Materialise had bought back 1,070,797 own shares for a total amount (excluding transaction cost) of 5,212 kEUR (6,091 kUSD) under its previously announced share buy-back program.

Net shareholders’ equity at June 30, 2026 increased to 256,268 kEUR compared to 255,482 kEUR at December 31, 2025.

On August 27, 2026, Materialise released its 2026 Half-Year Report providing further insights in its operational and financial performance over the first half of 2026. This report is now also available on our Investor Relations website under the reports section. The timing of our second quarter financial results update was intentionally aligned with the public release of the 2026 Half-Year report.

2026 Guidance

Mrs. de Vet-Veithen concluded,“Our solid first-half year performance reinforces our confidence in delivering on the financial targets we set for 2026. The strategic actions we are taking to sharpen our portfolio and the targeted investments we are making across our three segments are enhancing operational performance and positioning Materialise for profitable growth. Accordingly, we are reaffirming our full-year 2026 revenue guidance of 273,000 to 283,000 kEUR, fully absorbing the unfavorable revenue impact of the RapidFit and Eyewear divestments. At the same time we are increasing our full-year Adjusted EBIT guidance to a range of 12,000 to 14,000 kEUR from a previously communicated range of 10,000 to 12,000 kEUR, reflecting the strength of our execution and our continued discipline in managing costs and capital.”

Non-IFRS Measures

Materialise uses EBIT, EBITDA, Adjusted EBIT and Adjusted EBITDA as supplemental financial measures of its financial performance, including for purposes of monitoring compliance with financial covenants, supporting discussions with financing institutions, and meeting reporting requirements to our banks. EBIT is calculated as net profit plus income taxes, financial expenses (less financial income) and shares of profit or loss in a joint venture. EBITDA is calculated as net profit plus income taxes, financial expenses (less financial income), shares of profit or loss in a joint venture and depreciation and amortization. Adjusted EBIT and Adjusted EBITDA are determined by adding to EBIT and EBITDA, respectively (i) share-based compensation expenses, (ii) acquisition expenses related to business combinations or divestiture-related expenses, (iii) impairments and revaluation of fair value due to business combinations and (iv) costs incurred in relation to corporate initiatives, restructurings or reorganizations that are of a non-recurring nature. Management believes these non-IFRS measures to be important measures as they exclude the effects of items which primarily reflect the impact of financing decisions and, in the case of EBITDA and Adjusted EBITDA, long term investment, rather than the performance of the company’s day-to-day operations. The company also uses segment Adjusted EBITDA and segment Adjusted EBITDA margin to evaluate the performance of its three business segments. As compared to net profit, these measures are limited in that they do not reflect the cash requirements necessary to service interest or principal payments on the company’s indebtedness and, in the case of EBITDA and Adjusted EBITDA, these measures are further limited in that they do not reflect the periodic costs of certain capitalized tangible and intangible assets used in generating revenues in the company’s business, or the changes associated with impairments. Management evaluates such items through other financial measures such as financial expenses, capital expenditures and cash flow provided by operating activities. The company believes that these measurements are useful to measure a company’s ability to grow or as a valuation measurement. The company’s calculation of EBIT, EBITDA, Adjusted EBIT and Adjusted EBITDA may not be comparable to similarly titled measures reported by other companies. EBIT, EBITDA, Adjusted EBIT and Adjusted EBITDA should not be considered as alternatives to net profit or any other performance measure derived in accordance with IFRS. The company’s presentation of EBIT, EBITDA, Adjusted EBIT and Adjusted EBITDA should not be construed to imply that its future results will be unaffected by unusual or non-recurring items.

Exchange Rate

This document contains translations of certain euro amounts into U.S. dollars at specified rates solely for the convenience of readers. Unless otherwise noted, all translations from euros to U.S. dollars in this document were made at a rate of EUR 1.00 to USD 1.1394, the reference rate of the European Central Bank on June 30, 2026.

Conference Call and Webcast

Materialise will hold a conference call and simultaneous webcast to discuss its second quarter and half-year financial results of 2026 on Thursday, August 27, 2026, at 8:30 a.m. ET/2:30 p.m. CET. Company participants on the call will include Brigitte de Vet-Veithen, Chief Executive Officer and Koen Berges, Chief Financial Officer. A question-and-answer session will follow management’s remarks.

To access the call by phone, please click the link below at least 15 minutes prior to the scheduled start time and you will be provided with dial-in details. Participants can choose to dial in or receive a call to connect to Materialise’s conference call.

The conference call will also be broadcast live over the Internet with an accompanying slide presentation, which can be accessed on the company’s website at http://investors.materialise.com. The webcast of the conference call will be archived on the company’s website for one year.

About Materialise

Materialise NV incorporates more than three decades of 3D printing experience into a range of software solutions and 3D printing services that empower sustainable 3D printing applications. Our open, secure, and innovative end-to-end solutions enable flexible industrial manufacturing and mass personalization in various industries — including healthcare, automotive, aerospace, art and design, wearables, and consumer goods. Headquartered in Belgium and with branches worldwide, Materialise NV combines the largest group of software developers in the industry with one of the world’s largest and most complete 3D printing facilities. For additional information, please visit: www.materialise.com.

Cautionary Statement on Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, regarding, among other things, our intentions, beliefs, assumptions, projections, outlook, analyses or current expectations, plans, objectives, strategies and prospects, both financial and business, including statements concerning, among other things, our estimates for the current fiscal year’s revenue and Adjusted EBIT, our results of operations, cash needs, capital expenditures, expenses, financial condition, liquidity, prospects, divestitures, growth and strategies (including how our business, results of operations and financial condition could be impacted by the current armed geopolitical conflicts around the world and governmental responses thereto, inflation, increased labor, energy and materials costs), policy changes resulting from the U.S. presidential administration, changes in tariffs and trade restrictions, and the trends and competition that may affect the markets, industry or us. Such statements are subject to known and unknown uncertainties and risks. When used in this press release, the words “estimate,” “expect,” “anticipate,” “project,” “plan,” “intend,” “believe,” “forecast,” “will,” “may,” “could,” “might,” “aim,” “should,” and variations of such words or similar expressions are intended to identify forward-looking statements. These forward-looking statements are based upon the expectations of management under current assumptions at the time of this press release. These expectations, beliefs and projections are expressed in good faith and the company believes there is a reasonable basis for them. However, the company cannot offer any assurance that our expectations, beliefs and projections will actually be achieved. By their nature, forward-looking statements involve risks and uncertainties because they relate to events, competitive dynamics and industry change, and depend on economic circumstances that may or may not occur in the future or may occur on longer or shorter timelines than anticipated. We caution you that forward-looking statements are not guarantees of future performance and involve known and unknown risks, uncertainties and other factors that are in some cases beyond our control. All of the forward-looking statements are subject to risks and uncertainties that may cause the company’s actual results to differ materially from our expectations, including risk factors described in the company’s most recent annual report on Form 20-F filed with the U.S. Securities and Exchange Commission. There are a number of risks and uncertainties that could cause the company’s actual results to differ materially from the forward-looking statements contained in this press release.

The company is providing this information as of the date of this press release and does not undertake any obligation to update any forward-looking statements contained in this press release as a result of new information, future events or otherwise, unless it has obligations under the federal securities laws to update and disclose material developments related to previously disclosed information.

Consolidated income statements (Unaudited)
 
for the three months ended
June 30,		 for the six months ended
June 30,
In ‘000

2026

 

2026

 

2025

 

2026

 

2025

 
U.S.$ € € € €
Revenue

79,841

 

70,073

 

64,831

 

136,349

 

131,210

 
Cost of Sales

(34,520

)

(30,297

)

(27,053

)

(58,679

)

(56,708

)
Gross Profit

45,321

 

39,776

 

37,778

 

77,670

 

74,502

 
Gross profit as % of revenue

56.8

%

56.8

%

58.3

%

57.0

%

56.8

%
 
Research and development expenses

(14,029

)

(12,312

)

(11,120

)

(24,203

)

(22,534

)
Sales and marketing expenses

(17,329

)

(15,209

)

(15,471

)

(30,644

)

(30,542

)
General and administrative expenses

(11,663

)

(10,236

)

(9,744

)

(19,623

)

(19,769

)
Net other operating income/(expense)

873

 

766

 

1,286

 

1,676

 

1,646

 
Operating profit (loss)

3,173

 

2,785

 

2,730

 

4,875

 

3,303

 
 
Financial expenses

(993

)

(871

)

(4,039

)

(1,571

)

(6,811

)
Financial income

1,268

 

1,113

 

987

 

2,205

 

2,884

 
Profit (loss) before taxes

3,448

 

3,027

 

(322

)

5,510

 

(624

)
 
Income tax benefit/(expense)

347

 

304

 

521

 

(358

)

287

 
Net profit (loss) for the period

3,795

 

3,331

 

199

 

5,152

 

(337

)
Net profit (loss) attributable to:
The owners of the parent

3,795

 

3,331

 

199

 

5,152

 

(336

)
Non-controlling interest

–

 

0

 

–

 

0

 

(2

)
 
Earning per share attributable to owners of the parent
Basic

0.07

 

0.06

 

0.00

 

0.09

 

(0.01

)
Diluted

0.07

 

0.06

 

0.00

 

0.09

 

(0.01

)
 
Weighted average basic shares outstanding

58,310

 

58,310

 

59,067

 

58,586

 

59,067

 
Weighted average diluted shares outstanding

58,329

 

58,329

 

59,067

 

58,592

 

59,067

 

Consolidated statements of comprehensive income (Unaudited)
 
for the three months ended
June 30,		 for the six months ended
June 30,
In 000€

2026

 

2026

 

2025

2026

 

2025

 
U.S.$ € € € €
Net profit (loss) for the period

3,795

 

3,331

 

199

5,152

 

(337

)
Other comprehensive income/(loss)
Items that are or may be reclassified subsequently to profit or loss
Exchange difference on translation of foreign operations

91

 

80

 

624

257

 

1,129

 
Exchange differences resulting from net investment in foreign operations

182

 

160

 

–

537

 

–

 
Other comprehensive income/(loss), net of taxes

273

 

240

 

624

794

 

1,129

 
Total comprehensive income/(loss), net of taxes

4,069

 

3,571

 

823

5,946

 

792

 
Total comprehensive income/(loss) attributable to:
The owners of the parent

4,071

 

3,573

 

817

5,951

 

785

 
Non-controlling interests

(2

)

(2

)

6

(5

)

7

 

Consolidated statement of financial position (Unaudited)
 
As of
June 30,		 As of
December 31,
In 000€

2026

2025
Assets
Non-current assets
Goodwill

43,205

43,161
Intangible assets

23,281

25,639
Property, plant & equipment

109,776

112,854
Right-of-Use assets

5,873

5,429
Deferred tax assets

4,158

3,971
Investments in convertible loans

404

–
Investments in non-listed equity instruments

8

–
Other non-current assets

9,739

5,983
Total non-current assets

196,443

197,038
Current assets
Inventories

16,846

14,904
Trade receivables

56,173

54,938
Other current assets

14,468

15,533
Cash and cash equivalents

133,735

133,918
Assets held for sale

0

4,314
Total current assets

221,221

223,607
Total assets

417,665

420,646
As of
June 30,		 As of
December 31,
In 000€

2026

 

2025

 
Equity and liabilities
Equity
Share capital

4,487

 

4,487

 
Share premium

203,895

 

203,895

 
Treasury shares

(5,230

)

–

 
Retained earnings and other reserves

53,202

 

47,180

 
Equity attributable to the owners of the parent

256,354

 

255,562

 
Non-controlling interest

(86

)

(80

)
Total equity

256,268

 

255,482

 
Non-current liabilities
Loans & borrowings

46,745

 

49,726

 
Lease liabilities

3,526

 

3,063

 
Deferred tax liabilities

2,467

 

2,660

 
Deferred income

16,286

 

17,344

 
Other non-current liabilities

417

 

486

 
Total non-current liabilities

69,441

 

73,280

 
Current liabilities
Loans & borrowings

6,775

 

7,759

 
Lease liabilities

2,475

 

2,565

 
Trade payables

19,382

 

20,125

 
Tax payables

934

 

748

 
Deferred income

46,267

 

43,523

 
Other current liabilities

16,122

 

16,362

 
Liabilities held for sale

0

 

802

 
Total current liabilities

91,955

 

91,884

 
Total equity and liabilities

417,665

 

420,646

 

Consolidated statement of cash flows (Unaudited)
 
for the six months ended
June 30,
In 000€

2026

 

2025

 
Operating activities
Net (loss) profit for the period

5,152

 

(337

)
Non-cash and operational adjustments
Depreciation of property plant & equipment

8,097

 

7,448

 
Amortization of intangible assets

3,965

 

3,210

 
Share-based payment expense

115

 

117

 
Loss (gain) on disposal of intangible assets and property, plant & equipment

(331

)

(21

)
Government grants

(239

)

(101

)
Movement in provisions

(49

)

(366

)
Movement reserve for bad debt and slow moving inventory

449

 

271

 
Financial income

(2,225

)

(2,876

)
Financial expense

1,598

 

6,770

 
Impact of foreign currencies

(59

)

(70

)
Income taxes and deferred taxes

359

 

(295

)
Working capital adjustments and income tax (paid)/received
Decrease (increase) in trade receivables and other receivables

(210

)

2,093

 
Decrease (increase) in inventories and contracts in progress

(2,246

)

(500

)
Increase in trade payables and other payables

(807

)

(6,278

)
Income tax (paid)/received

184

 

(679

)
Interest received

1,308

 

1,300

 
Net cash flow from operating activities

15,060

 

9,686

 
for the six months ended
June 30,
In 000€

2026

 

2025

 
Investing activities
Purchase of property, plant & equipment

(2,792

)

(5,617

)
Purchase of intangible assets

(654

)

(944

)
Proceeds from the sale of property, plant & equipment & intangible assets

409

 

233

 
Cash transferred out upon divestment

(488

)

–

 
Investments in associates and joint ventures

(8

)

–

 
Convertible loan to third party

(400

)

–

 
Capital government grants received

240

 

2,640

 
Net cash flow used in investing activities

(3,692

)

(3,688

)
Financing activities
Proceeds from loans & borrowings

–

 

20,000

 
Repayment of loans & borrowings

(3,951

)

(6,860

)
Repayment of leases

(1,917

)

(1,544

)
Interest paid

(978

)

(621

)
Other financial income (expense), net

18

 

(1,300

)
Repurchase of treasury shares

(5,230

)

–

 
Net cash flow from (used in) financing activities

(12,058

)

9,676

 
Net increase/(decrease) of cash & cash equivalents

(690

)

15,673

 
Cash & Cash equivalents at the beginning of the year

133,918

 

102,304

 
Exchange rate differences on cash & cash equivalents

507

 

(913

)
Cash & cash equivalents at end of the period

133,735

 

117,064

 

Reconciliation of Net Profit (Loss) to EBITDA and Adjusted EBITDA (Unaudited)
 
for the three months ended
June 30,		 for the six months ended
June 30,
In 000€

2026

 

2025

 

2026

 

2025

 
Net profit (loss) for the period

3,331

 

199

 

5,152

 

(337

)
Income taxes

(304

)

(521

)

358

 

(287

)
Financial expenses

871

 

4,039

 

1,571

 

6,811

 
Financial income

(1,113

)

(987

)

(2,205

)

(2,884

)
Depreciation and amortization

5,712

 

5,230

 

11,291

 

10,731

 
EBITDA

8,497

 

7,960

 

16,167

 

14,034

 
Share-based compensation expense (1)

59

 

45

 

115

 

117

 
Restructuring and corporate initiatives (2)

178

 

283

 

435

 

283

 
Impairments (3)

689

 

–

 

756

 

–

 
Divestitures-related expenses (4)

169

 

–

 

169

 

–

 
Adjusted EBITDA

9,593

 

8,288

 

17,642

 

14,434

 

(1)

Share-based compensation expense represents the cost of equity-settled and share-based payments to employees.

(2)

Non-recurring costs related to corporate initiatives, restructurings or reorganizations.

(3)

Impairments represent the impairment of tangible and intangible assets of RapidFit NV and Eyewear resulting from the transfer of the assets to their respective management teams.

(4)

Divestitures-related expenses represent fees and costs in connection with the divestitures of RapidFit and Eyewear.

Reconciliation of Net Profit (Loss) to EBIT and Adjusted EBIT (Unaudited)
 
for the three months ended
June 30,		 for the six months ended
June 30,
In 000€

2026

 

2025

 

2026

 

2025

 
Net profit (loss) for the period

3,331

 

199

 

5,152

 

(337

)
Income taxes

(304

)

(521

)

358

 

(287

)
Financial expenses

871

 

4,039

 

1,571

 

6,811

 
Financial income

(1,113

)

(987

)

(2,205

)

(2,884

)
EBIT

2,785

 

2,730

 

4,876

 

3,303

 
Share-based compensation expense (1)

59

 

45

 

115

 

117

 
Restructuring and corporate initiatives (2)

178

 

283

 

435

 

283

 
Impairments (3)

689

 

–

 

756

 

–

 
Divestitures-related expenses (4)

169

 

–

 

169

 

–

 
Adjusted EBIT

3,880

 

3,058

 

6,351

 

3,703

 

(1)

  

Share-based compensation expense represents the cost of equity-settled and share-based payments to employees.

(2)

  

Non-recurring costs related to corporate initiatives, restructurings or reorganizations.

(3)

  

Impairments represent the impairment of tangible and intangible assets of RapidFit NV and Eyewear resulting from the transfer of the assets to their respective management teams.

(4)

  

Divestitures-related expenses represent fees and costs in connection with the divestitures of RapidFit and Eyewear.

Segment P&L (Unaudited)
 
In 000€ Materialise
Medical		 Materialise
Software		 Materialise
Manufacturing		 Total
segments		 Unallocated (1) Consolidated
For the three months ended June 30, 2026
Revenues

36,873

 

9,601

 

23,597

 

70,071

 

2

 

70,073

 
Segment (adj) EBITDA

11,553

 

981

 

(285

)

12,248

 

(2,656

)

9,593

 
Segment (adj) EBITDA %

31.3

%

10.2

%

-1.2

%

17.5

%

13.7

%
For the three months ended June 30, 2025
Revenues

32,850

 

9,872

 

22,109

 

64,831

 

(0

)

64,831

 
Segment (adj) EBITDA

10,728

 

1,373

 

(807

)

11,294

 

(3,005

)

8,288

 
Segment (adj) EBITDA %

32.7

%

13.9

%

-3.6

%

17.4

%

12.8

%
 
In 000€ Materialise
Medical		 Materialise
Software		 Materialise
Manufacturing		 Total
segments		 Unallocated (1) Consolidated
For the six months ended June 30, 2026
Revenues

70,039

 

19,242

 

47,067

 

136,347

 

2

 

136,349

 
Segment (adj) EBITDA

20,787

 

2,103

 

(4

)

22,886

 

(5,245

)

17,642

 
Segment (adj) EBITDA %

29.7

%

10.9

%

0.0

%

16.8

%

12.9

%
For the six months ended June 30, 2025
Revenues

63,928

 

19,647

 

47,635

 

131,210

 

(0

)

131,210

 
Segment (adj) EBITDA

19,775

 

1,971

 

(1,185

)

20,561

 

(6,127

)

14,434

 
Segment (adj) EBITDA %

30.9

%

10.0

%

-2.5

%

15.7

%

11.0

%

(1) 

  

Unallocated segment adjusted EBITDA consists of corporate research and development and corporate other operating income (expense), and the added share-based compensation expenses, acquisition expenses related to business combinations or divestiture-related expenses, impairments and revaluation of fair value of business combinations and non-recurring costs related to corporate initiatives, restructurings and reorganizations that are included in Adjusted EBITDA and that are not allocated to the reporting segments .

Reconciliation of Net Profit (Loss) to Segment adjusted EBITDA (Unaudited)
 
for the three months ended
June 30,		 for the six months ended
June 30,
In 000€

2026

 

2025

 

2026

 

2025

 
Net profit (loss) for the period

3,331

 

199

 

5,152

 

(337

)
Income taxes

(304

)

(521

)

358

 

(287

)
Financial expenses

871

 

4,039

 

1,571

 

6,811

 
Financial income

(1,113

)

(987

)

(2,205

)

(2,884

)
Operating (loss) profit

2,785

 

2,730

 

4,876

 

3,303

 
Depreciation and amortization

5,712

 

5,230

 

11,291

 

10,731

 
Corporate research and development

935

 

1,070

 

1,813

 

2,100

 
Corporate headquarter costs

3,219

 

2,895

 

6,215

 

5,747

 
Other operating income (expense)

(1,151

)

(810

)

(2,125

)

(1,498

)
Impairments (1)

689

 

–

 

756

 

–

 
Segment restructuring and reorganization (2)

59

 

178

 

59

 

178

 
Segment adjusted EBITDA

12,248

 

11,294

 

22,886

 

20,561

 

(1) 

  

Impairments represent the impairment of tangible and intangible assets of RapidFit NV and Eyewear resulting from the transfer of the assets to their respective management teams.

(2) 

  

Costs related to restructuring activities and organizational changes within specific reported business segments, including personnel‑related and other associated expenses.

 

Investor Relations Contact

Jody Burfening

Alliance Advisors Investor Relations

+1-212-838-3777

[email protected]

KEYWORDS: Massachusetts Belgium Europe United States North America

INDUSTRY KEYWORDS: Automotive Manufacturing Aerospace Technology Manufacturing Health Health Technology Medical Devices Other Manufacturing Software Hardware Electronic Design Automation

MEDIA:

Logo
Logo
Posted on

PRIMERICA HOUSEHOLD BUDGET INDEX™ (HBI™): Purchasing Power for Middle-Income Americans Up Slightly in July

PRIMERICA HOUSEHOLD BUDGET INDEX™ (HBI™): Purchasing Power for Middle-Income Americans Up Slightly in July

DULUTH, Ga.–(BUSINESS WIRE)–
The latest Primerica Household Budget Index™ (HBI™) data, a monthly economic metric that examines how inflation and wage trends impact the ability of middle-income families to afford life’s everyday necessities, is estimated at 100.5% in July, an increase of 0.4% from June and also up 0.4% from a year ago.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260826011714/en/

The latest Primerica Household Budget Index™ (HBI™) data, a monthly economic metric that examines how inflation and wage trends impact the ability of middle-income families to afford life’s everyday necessities, is estimated at 100.5% in July, an increase of 0.4% from June and also up 0.4% from a year ago. Lower gas prices for the second consecutive month provided modest relief for middle-income budgets. In addition, average earned income rose 0.2% month-over-month and increased 2.1% year-over-year.

The latest Primerica Household Budget Index™ (HBI™) data, a monthly economic metric that examines how inflation and wage trends impact the ability of middle-income families to afford life’s everyday necessities, is estimated at 100.5% in July, an increase of 0.4% from June and also up 0.4% from a year ago. Lower gas prices for the second consecutive month provided modest relief for middle-income budgets. In addition, average earned income rose 0.2% month-over-month and increased 2.1% year-over-year.

Lower gas prices for the second consecutive month provided modest relief for middle-income budgets. In addition, average earned income rose 0.2% month-over-month and increased 2.1% year-over-year.

The Consumer Price Index (CPI), which measures inflation for a comprehensive basket of goods for all U.S. households, increased 3.4% in July compared to a year ago. The cost of necessity items as used in the HBI™ metric (food, utilities, gas, auto insurance, and health care) for middle-income Americans is up 3.7% from a year ago.

About the Primerica Household Budget Index™ (HBI™) Data

The Primerica Household Budget Index™ (HBI™) data is constructed monthly on behalf of Primerica by its chief economic consultant Amy Crews Cutts, PhD, CBE®. The index measures the purchasing power of middle-income families with household incomes from $30,000 to $130,000 and is developed using data from the U.S. Bureau of Labor Statistics, the U.S. Bureau of Census, and the Federal Reserve Bank of Kansas City. The index looks at the cost of necessities including food, gas, auto insurance, utilities, and health care and earned income to track differences in inflation and wage growth.

Primerica’s HBI™ metric was created to fill an information void around the economy’s impact on middle-income families. Metrics like the Consumer Price Index (CPI) measure overall inflation but don’t offer a clear picture of how it impacts middle-income Americans. Middle-income households play a key role in driving consumer spending and the overall economy as they account for over 55% of the U.S. population. The purchasing power of middle-income families are a key barometer of real-time economic trends. Understanding middle-income households’ purchasing power is important because it shows whether they are gaining financial ground or falling behind.

The HBI™ data uses January 2019 as its baseline, with the value set to 100% at that point in time.

Periodically, prior HBI™ values may be modified due to revisions in the CPI series and Consumer Expenditure Survey releases by the U.S. Bureau of Labor Statistics (BLS). Beginning with the December 2024 release of the index, the expenditure weights have been updated to the most recent (Q1 2024) data and auto insurance has been added to the group of necessity items. For more information, visit householdbudgetindex.com.

About Primerica, Inc.

Primerica, Inc. is a leading diversified financial services distribution company serving middle-income households in the United States and Canada. Our licensed representatives educate families on how to prepare for a more secure financial future and help them achieve their financial goals with our term life insurance and third-party mutual funds, managed accounts, annuities, loans and other financial products. We insured over 5.5 million lives and had approximately 3.1 million client investment accounts as of December 31, 2025. Through our life insurance subsidiaries in North America, in 2025 Primerica was the #3 issuer of term life insurance, which we largely reinsure. Primerica stock is included in the S&P MidCap 400 and the Russell 1000 stock indices and is traded on The New York Stock Exchange under the symbol “PRI”. We are headquartered in Duluth, Georgia.

Media Contact:

Gana Ahn

678-431-9266

Email: [email protected]

Investor Contact:

Nicole Russell

470-564-6663

Email: [email protected]

KEYWORDS: Georgia United States North America

INDUSTRY KEYWORDS: Consulting Banking Personal Finance Professional Services Other Energy Utilities Oil/Gas Data Analytics Insurance Energy Finance

MEDIA:

Photo
Photo
The latest Primerica Household Budget Index™ (HBI™) data, a monthly economic metric that examines how inflation and wage trends impact the ability of middle-income families to afford life’s everyday necessities, is estimated at 100.5% in July, an increase of 0.4% from June and also up 0.4% from a year ago. Lower gas prices for the second consecutive month provided modest relief for middle-income budgets. In addition, average earned income rose 0.2% month-over-month and increased 2.1% year-over-year.
Photo
Photo
The latest Primerica Household Budget Index™ (HBI™) data, a monthly economic metric that examines how inflation and wage trends impact the ability of middle-income families to afford life’s everyday necessities, is estimated at 100.5% in July, an increase of 0.4% from June and also up 0.4% from a year ago. Lower gas prices for the second consecutive month provided modest relief for middle-income budgets. In addition, average earned income rose 0.2% month-over-month and increased 2.1% year-over-year.
Logo
Logo
Posted on

Faraday Future Announces Execution Roadmap for Its “Built in USA” Acceleration Program and Launches Distributor Recruitment; Targets to Bring Its Robot Factory Online by Year-End and First New EAI Device Product Off the Line in February 2027

Faraday Future Announces Execution Roadmap for Its “Built in USA” Acceleration Program and Launches Distributor Recruitment; Targets to Bring Its Robot Factory Online by Year-End and First New EAI Device Product Off the Line in February 2027

  • Numerous announcements made today as FF holds Part One of its FF EAI Robotics “Built in USA” Business Partner Conference, highlighting—the “Four-Core Full-Stack AI” Ecosystem Downstream Partner recruitment and the EAI Education Ecosystem milestone showcase & nationwide expansion session.

  • FF announced that its first two new EAI Devices selected for the “Built in USA” program are the full-size humanoid Next Futurist and the quadruped Next Aegis. FF will also officially launch several new additions to the FF EAI Robot World on September 19.

  • FF announced upgrades to its EAI robotics education ecosystem and has completed the initial development of version 1.0 of FF’s Industry Productivity Solution for the EAI Education Ecosystem. It will officially launch on September 19.

  • FF will launch the “EAI Robotics Made in USA” Global Industry Alliance initiative to build an ecosystem that is “Built in USA. Benefit the World.” FF plans to invest no less than $5 billion in the United States over the next ten years, while launching and manufacturing three to five new and next-generation robotics products in the United States each year.

  • Effective immediately, FF is opening nationwide recruitment for distributor partners, industry solution partners and developers, AI partners, and data and Skills partners.

  • RoboShare is officially opening partner recruitment across North America, with the goal of building the robot-sharing platform with the largest fleet and widest selection in North America.

LOS ANGELES–(BUSINESS WIRE)–
Faraday Future Intelligent Electric Inc. (NASDAQ: FFAI) (“Faraday Future”, “FF” or the “Company”), a California-based global Embodied AI (EAI) ecosystem company, today held its first ever FF EAI Robotics “Built in USA” Upstream & Downstream Business Partner Conference at its LA headquarters. FF made numerous announcements and Company updates, including presenting the three-phase execution roadmap for FF EAI Robotics’ “Built in USA” Acceleration Program.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260826459178/en/

Faraday Future Announces Execution Roadmap for Its “Built in USA” Acceleration Program and Launches Distributor Recruitment; Targets to Bring Its Robot Factory Online by Year-End and First New EAI Device Product Off the Line in February 2027

Faraday Future Announces Execution Roadmap for Its “Built in USA” Acceleration Program and Launches Distributor Recruitment; Targets to Bring Its Robot Factory Online by Year-End and First New EAI Device Product Off the Line in February 2027

Industry guests attending the event included Steven Newton, Senior Consultant of the U.S. General Services Administration and a member of the Los Angeles Unified School District Procurement Committee; Andrew Stokes, President of MOSO Robotics; and Praveen Penmetsa, Founder of Motivo Engineering. They spoke highly of FF’s established industry foundation, technological strength, and compliance capabilities in robotics, as well as the industry alliance initiative proposed by the Company.

A video recap of the conference can be viewed here:https://www.ff.com/us/built-in-usa/

FF officially begins recruiting downstream partners and unveils the FF PAR Revenue Flywheel, enabling the Company’s partners to earn not only one-time sales margins, but also recurring income that builds over time as the ecosystem grows, creating higher returns for our partners.

On September 28, FF will host Part Two of the FF EAI Robotics “Built in USA” Launch and Business Partner Conference. Together with our upstream partners, FF will work to build the industry ecosystem. FF’s “Built in USA” strategy will provide a compliant entry point for upstream partners looking to expand into the U.S. market, turning advanced global technologies, supply chains, and system capabilities into market opportunities in the United States.

Against the backdrop of the FCC’s new policy framework, FF, as the first U.S. Company to have delivered both humanoid and bionic robots, is positioned to capitalize on the market opportunities created by rising industry entry barriers and accelerate the conversion of its first-mover advantage in product delivery into a competitive market advantage.

FF has officially upgraded its EAI robotics strategy to the Four-Core Full-Stack AI Ecosystem Strategy, comprising the EAI Brain; EAI Devices; Industry Productivity Solutions and Developer Platform; and EAI Data Factory.

“Robotics companies fall into two types: EAI robotics companies and non-EAI robotics companies. What sets an EAI robot apart is a combination of critical capabilities, including an intelligent brain, foundation models, a physical embodiment, and the ability to generalize across different tasks and environments. EAI robotics companies tend to bring substantially greater value,” said YT Jia, Founder and Global CEO of Faraday Future. “Join us on this ‘Built in USA’ journey. Together, we can move the robotics industry forward and maximize value for every distributor partner who joins us.”

FF EAI Robotics’ “Built in USA” Strategy and FCC Compliance:

Built on FF’s “Four-Core Full-Stack AI” ecosystem, FF will build U.S.-based R&D, production, and supply chain capabilities for EAI Devices and key components in phases while complying with the latest FCC policies targeted towards robotics. At the same time, it will strengthen its U.S. capabilities across the EAI Brain, Industry Productivity Solutions and Developer Platform, and EAI Data Factory, targeting to establish itself as a leading EAI robotics platform company in the United States; and drive the rapid, long-term growth of the U.S. EAI robotics industry.

FF began executing this strategy last year, when it accelerated its EAI robotics business; core Phase One capabilities are now complete.

The new policies recently announced by the FCC are not intended to cut off global collaboration. Advanced technologies and supply chain capabilities from around the world can still be brought into the United States. For global partners, a compliant U.S. platform can still provide a more efficient path into the U.S. market. This is also where FF offers unique value.

FF has already established an evolutionary flywheel driven by its “Four-Core Full-Stack AI” ecosystem, its Global Industry Bridge, and scaled deliveries. Taken together, the new policies are reshaping the rules of the industry and, with full FCC compliance as a prerequisite, further strengthen the value of that bridge—positioning FF to translate its advantages in compliance, global connectivity, and early scaled delivery into market share and a stronger competitive moat.

Three-Phase Execution Roadmap for FF EAI Robotics’ “Built in USA” Acceleration Program:

In Phase One, by the end of July this year, FF had completed the initial implementation of three core capabilities: the EAI Brain, Industry Productivity Solutions and Developer Platform, and the EAI Data Factory. This laid the technical foundation for the continued development of its EAI Devices. On the manufacturing side, FF also began establishing its U.S. footprint, including evaluating a retrofit of the Company’s Hanford factory and possible sites for a new facility.

In Phase Two, from this August through the first quarter of 2027, FF will accelerate the “Assembled in USA” implementation for EAI Devices and the parts required for FCC compliance. FF’s goal is to bring its robotics factory online by the end of this year and have its first new EAI Device roll off the production line in February 2027.

In Phase Three, by the fourth quarter of 2028, FF’s ultimate goal is to achieve “Made in USA” for its EAI Devices, the parts required for FCC compliance, and a group of critical parts capable of driving major advances across the industry.

The above three-phase roadmap and timelines reflect the Company’s current targets and may be adjusted based on current FCC policies, applicable laws and regulations, and actual execution progress.

New EAI Devices selected for the “Built in USA” program:

The first two new EAI Devices selected for the “Built in USA” program are the full-size humanoid Next Futurist and the quadruped Next Aegis.

Next Futurist is an “All-in-One Professional Expert,” designed for high-value use cases including research and education, industrial applications, services, and inspection. Its key upgrades will focus on motion control, multimodal perception, and AI capabilities. We will also explore advanced technologies such as NVIDIA SONIC, enabling it to progress from motion execution toward task understanding and autonomous operation.

Next Aegis is positioned as an “All-Scenario EAI Quadruped Robot” for education, inspection, security, and other applications at scale. Its key upgrades will focus on power, endurance, complex-terrain mobility, and autonomous navigation. Its modular design will also allow it to be configured for different use cases. More importantly, both products will share the EAI Brain, Data Factory, Developer Platform, and Skills system. Together, they will validate the technical approach of “One Brain, Multiple Forms; Multiple Forms, Multiple Capabilities” and help keep the evolutionary flywheel of FF’s “Four-Core Full-Stack AI” ecosystem moving.

EAI Education Ecosystem Updates:

The Company has built the initial foundation of an education ecosystem, covering EAI Devices, structured curricula, AI development tools, hands-on robotics training, and teacher support. We have also designed a curriculum framework spanning nine levels and three stages of learning. The Company has established partnerships with two public school districts in California—Lynwood Unified and El Segundo Unified—covering approximately 22 K–12 schools. Our EAI robotics summer camps have validated the model in real educational settings. This has established B2B educational institutions and B2C family education entry points with an FF representative joining the El Segundo Unified School District’s CTE Advisory Committee.

FF has completed the initial development of Version 1.0 of FF’s Industry Productivity Solution for the EAI Education Ecosystem. It will officially launch on September 19. The solution will serve K–12 schools, after-school programs, and family education. It will empower our partners across eight dimensions, including EAI Devices, level-based curricula, development tools, teacher training, instructional management, and technical support.

FF has also officially launched its EAI EDU Nationwide Replication at Scale Sub-Campaign. Over the next four months, FF will expand its K–12 demonstration programs and advance blended learning, teacher training, and its classroom management platform. FF will also accelerate progress toward implementation for 11 potential education partnerships currently under development across 10 U.S. states.

Partnership Policy & Downstream Partner Recruitment:

FF officially launched its Partnership Policy & Downstream Partner Recruitment at today’s event. FF’s robotics business maintained ramp up in sales with shipments exceeding 400 units to date and a positive contribution margin throughout the first half of the year. At the same time, the Data Factory has completed its first commercial closed loop, and the Developer Platform is live.

FF is recruiting four types of partners—each able to create value within the commercial flywheel and share in the returns. Distributors partners—including distributors, regional agents, and rental operators, who bring market coverage and local service capabilities. Industry solution partners and developers who bring industry expertise and project delivery capabilities. AI partners, who contribute Skills modules and model capabilities. And data and Skills partners, who contribute compliant data and validated assets.

FF PAR partners can access two forms of value. Direct value includes product margins and business development incentives. These programs are supported by signed agreements and a fulfillment record. The flywheel value will be created after a robot enters a customer’s real-world environment. This includes deployment, training, operations, software subscriptions, curricula, upgrades, capacity expansion, and referrals. Each of these services is contracted, priced, and accepted independently. None of them constitutes a disguised discount on another.

RoboShare Updates:

RoboShare is AIxC’s robot-sharing and operations platform, and FF is AIxC’s majority stockholder. RoboShare aims to build an “Uber + Turo”-style sharing and operations platform for robots. Its goal is to unlock their value as shared assets—transforming them from hardware sold through a one-time transaction into a new type of productive asset capable of generating ongoing revenue. RoboShare has already completed its first paid commercial order and secured a one-year rental order valued at $33,000. This long-term demand led an education customer to expand its original plan to purchase five NAVI robots into a firm order for 23 FFAI robots, generating 18 additional unit sales for FFAI.

AIxC officially launched RoboShare & Co. across North America, offering five partnership models: ROBOPARs support customer development, robot sales, local fulfillment, and lease-to-own programs; asset owners list eligible robots; users access diverse robots with transportation, operation, and on-site services; referral partners introduce customer demand and earn bonuses under official policies; and rental operators provide local transportation, operation, maintenance, repair, and after-sales support. Building on its initial orders, RoboShare is expanding its partner network with the goal of becoming North America’s largest and most diverse robot-sharing platform.

RoboShare is moving beyond its initial orders and beginning to expand its partner network across North America. It aims to build North America’s largest and most diverse robot-sharing platform.

Next, RoboShare will begin rolling out its Ten-City Strategy, starting in Los Angeles. We will validate repeat demand, equipment utilization, and its operating model. FF will provide AIxC with strategic, product, and technology support. In turn, RoboShare will help drive sales through real-world usage.

“FF combines deep roots in the United States with its role as a global Embodied AI industry bridge, and today’s conference brought together many new ideas from the Company,” said YT Jia, FF Founder and Global CEO. “FF is extending an invitation to all potential partners around the world: Let’s bring the best technologies, products, and supply chain capabilities to the United States, create value here, Built in USA, Benefit the World.”

ABOUT FARADAY FUTURE

Founded in 2014, Faraday Future (FF) is a U.S.-based Physical AI ecosystem company dedicated to reshaping the future of robotics and mobility solutions through AI innovation and technologies. FF focuses on two major product strategies within the Embodied AI (EAI) robotics business: EAI humanoid and bionic robots, and EAI automotive-focused robots. By building a “Four-Core Full-Stack AI” ecosystem of EAI Brain, Device, Industry Productivity Solutions and Developer Platform, and Data Factory, FF aims to create an evolutionary flywheel: scaled device delivery, data collection and training, continuous evolution of the EAI Brain, stronger product capability, and even larger-scale delivery and deployment. Through this flywheel, FF seeks to maximize its commercial value and lead to the advancement of Physical AI. For more information, please visit Faraday Future’s official website: https://www.ff.com/

FORWARD LOOKING STATEMENTS

This press release includes “forward looking statements” within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. When used in this press release, the words “estimates,” “projected,” “expects,” “anticipates,” “forecasts,” “plans,” “intends,” “believes,” “seeks,” “may,” “will,” “should,” “future,” “propose” and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements, which include statements regarding Faraday Future Intelligent Electric Inc.’s (the “Company’s”) “Bridge Strategy,” the Company’s growth strategy, fundraising activities and prospects, the development of markets in which the Company operates or seeks to operate, the production and delivery of the FF 91, the Faraday X (FX) brand, and future compliance with Nasdaq listing requirements, are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside the Company’s control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. These forward-looking statements speak only as of the date of this call, and the Company expressly disclaims any obligation or undertaking to disseminate any updates or revisions to any forward-looking statement contained herein to reflect any change in the Company’s expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based.

Important factors, that may affect actual results or outcomes include, among others: the Company’s ability to continue as a going concern and improve its liquidity and financial position; the Company’s ability to pay its outstanding obligations, which it currently lacks; the availability of sufficient share capital to meet its current obligations and execute on its strategy; the willingness of convertible debt investors to fund the Company; demand for the Company’s robotics products; the ability of B2B preorder companies to locate customers to purchase our robotics products, on which their nonbinding preorders substantially depend; competition in the robotics industry, which includes companies with far superior experience, funding and name recognition; the ability of the Company to build an EAI education ecosystem that serves both the B2C consumer market and the B2B institutional education market; the acceptance by teachers and students of the Company’s robotics products in the education market; the ability of the Company to expand into additional markets for its robotics products; the Company’s reliance on a single OEM for most of its robotics products; the Company’s reliance on Chinese OEMs for all of its robotics products; the possibility of the federal government banning imports of Chinese robotics products; the Company’s ability to get the planned robotics products to comply with all applicable U.S. rules and regulations; the ability of the robotics OEM to timely supply robotics to the Company; tariff uncertainty for imported products, particularly from China; demand from automobile dealers for robotics products; the Company’s ability to homologate FX vehicles for sale; the Company’s ability to secure the necessary funding to execute on the FX strategy, which is substantial; the Company’s ability to secure an occupancy certificate covering all of its Hanford facility; the Company’s ability to remediate its material weaknesses in internal control over financial reporting and the risks related to the restatement of previously issued consolidated financial statements; the Company’s limited operating history and the significant barriers to growth it faces; the Company’s history of substantial losses and expectation of continued losses; the success of the Company’s payroll expense reduction plan; the Company’s ability to execute on its plans to develop and market its vehicles and the timing of these development programs; the Company’s estimates of the size of the markets for its vehicles and cost to bring those vehicles to market; the rate and degree of market acceptance of the Company’s vehicles; the Company’s ability to cover future warranty claims; the success of other competing manufacturers; the performance and security of the Company’s vehicles; current and potential litigation involving the Company; the Company’s ability to receive funds from, satisfy the conditions precedent of and close on the various financings described elsewhere by the Company; the result of future financing efforts, the failure of any of which could result in the Company seeking protection under the Bankruptcy Code; the Company’s indebtedness; the Company’s ability to use its “at-the-market” program; insurance coverage; general economic and market conditions impacting demand for the Company’s products; potential negative impacts of a reverse stock split; potential cost, headcount and salary reduction actions may not be sufficient or may not achieve their expected results; circumstances outside of the Company’s control, such as natural disasters, climate change, health epidemics and pandemics, terrorist attacks, and civil unrest; risks related to the Company’s operations in China; the success of the Company’s remedial measures taken in response to the Special Committee findings; the Company’s dependence on its suppliers and contract manufacturer; the Company’s ability to develop and protect its technologies; the Company’s ability to protect against cybersecurity risks; and the ability of the Company to attract and retain employees, any adverse developments in existing legal proceedings or the initiation of new legal proceedings, and volatility of the Company’s stock price. You should carefully consider the foregoing factors and the other risks and uncertainties described in the “Risk Factors” section of the Company’s Form 10-Q for the quarter ended June 30, 2026; the quarter ended March 31, 2026, filed with the SEC on May 14, 2026, and Form 10-K filed with the SEC on March 31, 2026, and other documents filed by the Company from time to time with the SEC.

Investors (English): [email protected]

Investors (Chinese): [email protected]

Media: [email protected]

KEYWORDS: California United States North America

INDUSTRY KEYWORDS: Automotive Manufacturing Manufacturing Retail Autonomous Driving/Vehicles Automotive EV/Electric Vehicles Software Artificial Intelligence Hardware Luxury Technology Alternative Vehicles/Fuels Other Manufacturing Robotics Other Education Engineering Primary/Secondary Education

MEDIA:

Photo
Photo
Faraday Future Announces Execution Roadmap for Its “Built in USA” Acceleration Program and Launches Distributor Recruitment; Targets to Bring Its Robot Factory Online by Year-End and First New EAI Device Product Off the Line in February 2027
Photo
Photo
Faraday Future Announces Execution Roadmap for Its “Built in USA” Acceleration Program and Launches Distributor Recruitment; Targets to Bring Its Robot Factory Online by Year-End and First New EAI Device Product Off the Line in February 2027
Photo
Photo
Faraday Future Announces Execution Roadmap for Its “Built in USA” Acceleration Program and Launches Distributor Recruitment; Targets to Bring Its Robot Factory Online by Year-End and First New EAI Device Product Off the Line in February 2027
Photo
Photo
Faraday Future Announces Execution Roadmap for Its “Built in USA” Acceleration Program and Launches Distributor Recruitment; Targets to Bring Its Robot Factory Online by Year-End and First New EAI Device Product Off the Line in February 2027
Photo
Photo
Faraday Future Announces Execution Roadmap for Its “Built in USA” Acceleration Program and Launches Distributor Recruitment; Targets to Bring Its Robot Factory Online by Year-End and First New EAI Device Product Off the Line in February 2027
Photo
Photo
Faraday Future Announces Execution Roadmap for Its “Built in USA” Acceleration Program and Launches Distributor Recruitment; Targets to Bring Its Robot Factory Online by Year-End and First New EAI Device Product Off the Line in February 2027
Photo
Photo
Faraday Future Announces Execution Roadmap for Its “Built in USA” Acceleration Program and Launches Distributor Recruitment; Targets to Bring Its Robot Factory Online by Year-End and First New EAI Device Product Off the Line in February 2027
Logo
Logo
Posted on

Capstone Publishes Investor FAQ: 75% of Convertible Note Principal Retired, Approximately $1.72 Million Remaining

Capstone Publishes Investor FAQ: 75% of Convertible Note Principal Retired, Approximately $1.72 Million Remaining

FAQ reports approximately 21.75 million shares outstanding and gives direct answers on dilution, corporate requirements and the path to operating cash flow funding

NEW YORK–(BUSINESS WIRE)–
Capstone Holding Corp. (NASDAQ: CAPS), a national, technology-enabled building products distribution platform, today published an investor FAQ answering the questions shareholders have asked most frequently about the Company’s capital structure. The FAQ reports that approximately 75% of the original convertible note principal has been retired, with approximately $1.72 million remaining outstanding as of August 25, 2026, and states the Company’s current share count of approximately 21.75 million shares.

The FAQ responds to questions submitted by shareholders following the Company’s August 17 invitation. It addresses the August reduction of the notes’ conversion price, the remaining note balances and maturities, potential dilution, the current share count and restricted shares, the equity line, the reverse stock split authorization, the remediation of the material weakness, and how the Company expects to fund its corporate requirements over time through operating cash flow and traditional credit. The full document is available at FAQ URL.

“We answered the questions shareholders asked, with current figures as of publication,” said Matthew Lipman, Chief Executive Officer of Capstone. “Approximately 75% of the convertible note principal has been retired, our operating businesses funded their own obligations in the first half, and we are focused on retiring the remaining balance, so the Company no longer depends on this financing structure.”

In the second quarter, Capstone delivered 67% year-over-year revenue growth and 92% gross profit growth, with positive Stone Business Adjusted EBITDA, and reaffirmed its full-year guidance in its August 12 earnings release.

Non-GAAP Financial Measures

Stone Business Adjusted EBITDA is a non-GAAP financial measure. It is not a measure of financial performance under GAAP and should not be considered an alternative to net income (loss) or any other performance measure derived in accordance with GAAP, and it may not be comparable to similarly titled measures used by other companies. A reconciliation to net loss, the most directly comparable GAAP measure, together with the definition of the measure, is included in the Company’s earnings release dated August 12, 2026.

About Capstone Holding Corp.

Capstone Holding Corp. (NASDAQ: CAPS) is a national, technology-enabled building products distribution platform optimizing supply chains across 38 U.S. states and Canada. Through its Instone operating platform and inventory portal, the Company aggregates and delivers proprietary stone veneer, hardscape materials, and modular masonry systems. Capstone’s model combines digital infrastructure, owned-inventory logistics, and disciplined acquisitions to drive scalable margin expansion and operating leverage across its growing platform.

Forward-Looking Statements

This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. These statements relate to future events and performance, including guidance regarding revenue, gross profit, and Stone Business Adjusted EBITDA, the retirement or refinancing of the Company’s convertible notes, expected capital requirements, M&A strategy, use of capital, and operating outlook. Actual results may differ materially from those projected due to a range of factors, including but not limited to the Company’s liquidity and access to capital; its ability to comply with, or obtain waivers of, financial covenants; the refinancing or repayment of indebtedness as it matures; conditions that may raise substantial doubt about the Company’s ability to continue as a going concern; acquisition timing and integration; macroeconomic conditions; and other execution risks. Please review the Company’s filings with the SEC, including the Quarterly Report on Form 10-Q for the quarter ended June 30, 2026, for a full discussion of these and other risk factors. Capstone undertakes no obligation to revise forward-looking statements except as required by law.

Investor Contact

Investor Relations

Capstone Holding Corp.

[email protected]

www.capstoneholdingcorp.com

KEYWORDS: New York United States North America

INDUSTRY KEYWORDS: Technology Retail Manufacturing Finance Other Construction & Property Supply Chain Management Residential Building & Real Estate Commercial Building & Real Estate Professional Services Construction & Property Other Technology Software Other Manufacturing Data Management

MEDIA:

Logo
Logo
Posted on

ISG Announces 2026 ISG Paragon Awards™ Asia Winners

ISG Announces 2026 ISG Paragon Awards™ Asia Winners

Program spotlights sourcing partnerships that leverage AI, technology and new operating models to drive business success

SINGAPORE–(BUSINESS WIRE)–
Information Services Group (ISG) (Nasdaq: III), a global AI-centered technology research and advisory firm, has announced the winners of the second annual ISG Paragon Awards™ Asia, which recognize excellence and innovation in sourcing and technology.

The following winners were selected by an independent, external judge and announced at a gala awards dinner at the Fullerton Bay Hotel, Singapore, on August 26, 2026:

Best-in-Class Excellence: Outstanding delivery by a technology or service provider

  • Tata Consultancy Services, with CapitaLand Shared Services Pte. Ltd.

Community and Social Excellence: Exceptional delivery and innovation creating meaningful impact in an Asian country’s communities and citizens

  • Avanade Asia Pte Ltd., with National Healthcare Group (NHG), Singapore

Innovation: Imagination and entrepreneurial spirit in helping organizations future-proof their businesses and better serve clients

  • Tata Consultancy Services, with Tamil Nadu Police (SCRB)

Transformation: The successful transformation of an organization or key business function

  • Tata Consultancy Services, with State Bank of India (SBI)

Partnership of the Year: A high-performing partnership that exemplifies best practices in driving exceptional business outcomes and economic growth

  • Avanade, Inland Revenue Authority of Singapore, Microsoft and Accenture

In addition, HCLTech and Prudential Health India were recognized with Distinction for AI Excellence, for their forward-thinking application of AI, which showcases the transformative potential of technology to drive meaningful outcomes.

“Congratulations to the winners of the 2026 ISG Paragon Awards program for Asia,” said Michael Gale, partner and regional leader, ISG Asia Pacific. “These organizations are demonstrating the power of bold ideas, strong collaboration and disciplined execution. With responsible AI and new business models, this year’s winners are turning technology innovation into meaningful benefits for communities and measurable, lasting business impact.”

The ISG Paragon Awards were established in 2010 in the Australia/New Zealand region, and have since expanded to cover North America, Europe, Asia and South America. Full details are available here.

About ISG

ISG (Nasdaq: III) is a global AI-centered technology research and advisory firm. A trusted partner to more than 900 clients, including 75 of the world’s top 100 enterprises, ISG is a long-time leader in technology and business services that is now at the forefront of leveraging AI to help organizations achieve operational excellence and faster growth. The firm, founded in 2006, is known for its proprietary market data and research, in-depth knowledge and governance of provider ecosystems, and the expertise of its 1,500 professionals worldwide working together to help clients maximize the value of their technology investments.

Press Contacts:


Laura Hupprich, ISG

+1 203-517-3132

[email protected]

Erik Arvidson, Matter Communications for ISG

+1 978-518-4542

[email protected]

KEYWORDS: Singapore Southeast Asia Asia Pacific

INDUSTRY KEYWORDS: Software Networks Data Analytics Consulting Artificial Intelligence Data Management Professional Services Technology

MEDIA:

Logo
Logo