Latest Posts

BioCardia Completes Clinical Consultation Process with Japan's PMDA for CardiAMP Cell Therapy System, Advancing Toward Submission of Marketing Approval Application

Fri, 06 Nov 2026 21:55:33 +0700

SUNNYVALE, Calif., Nov. 06, 2026 (GLOBE NEWSWIRE) -- BioCardia®, Inc. (NASDAQ: BCDA), a global leader in cellular and cell-derived therapeutics for the treatment of cardiovascular and pulmonary diseases, today announced that it has completed the process with Japan's Pharmaceuticals and Medical Devices Agency (PMDA) concerning the application materials required to obtain regulatory approval in Japan for its CardiAMP Cell Therapy System ("CardiAMP") for the treatment of ischemic heart failure.

This milestone represents significant progress toward regulatory approval and commercialization of CardiAMP in Japan, one of the world's largest and most sophisticated cardiovascular medical device markets and a country at the forefront of regenerative medicine, including induced pluripotent stem (iPS) cell therapies.

"With the completion of consultations with PMDA regarding our application materials, we are closer to the day when we can provide CardiAMP cell therapy to heart failure patients in Japan," said Peter Altman, Ph.D., Chief Executive Officer of BioCardia. "The extensive work completed with PMDA positions us to initiate the process toward final regulatory approval review. We are targeting the treatment of our first patients in Japan and the realization of commercial revenues in 2028."

CardiAMP is intended to provide patients with ischemic heart failure a minimally invasive, catheter-based autologous cell therapy option. This patient population continues to have significant unmet medical needs despite advances in modern medical and device-based therapies. The therapy has been evaluated in three clinical trials involving more than 200 patient procedures, including two randomized, double-blind, placebo-controlled trials.

Completion of the consultation process does not constitute regulatory approval. The CardiAMP Cell Therapy System remains subject to PMDA review and applicable Japanese regulatory requirements.

About BioCardia
BioCardia, Inc., headquartered in Sunnyvale, California, is a global leader in cellular and cell-derived therapeutics for the treatment of cardiovascular and pulmonary diseases. CardiAMP® autologous and CardiALLO™ allogeneic cell therapies are the Company's biotherapeutic platforms, with three cardiac clinical-stage product candidates in development. These therapies are enabled by its Helix™ biotherapeutic delivery and Morph® vascular navigation product platforms, and its Heart3D™ fusion imaging platform under development.

Reality Partners with Merkl to Support rToken Dividend Distribution Across DeFi

Fri, 06 Nov 2026 21:53:59 +0700

VICTORIA, Seychelles, Nov. 06, 2026 (GLOBE NEWSWIRE) -- Reality, the tokenization platform bringing publicly listed equities onchain and part of the Bitget ecosystem, has partnered with Merkl to identify eligible rToken holders whose tokens are deployed across supported DeFi protocols. This will enable them to keep receiving dividends in stablecoin, even when their tokens are put to work in DeFi instead of sitting in a wallet.

rTokens provide tokenized exposure to publicly listed stocks and ETFs, including eligible economic benefits such as dividends. When these tokens are deposited into lending markets, liquidity pools or staking contracts, the smart contract may appear as the holder onchain instead of the individual user. This makes it more difficult to identify who should receive the associated dividend distributions.

Merkl’s reward forwarder technology addresses this by tracing token positions through supported smart contracts to identify the underlying holders and allocate distributions according to the applicable rules. The system can account for multiple layers of DeFi contracts and protocol-specific fees. Users and developers can check if individual contracts are supported through the Merkl Studio Forwarder Scan tool.

"The challenge with assets held in DeFi is knowing who sits behind each position," said Pablo Veyrat, CEO and Co-founder of Merkl. "Our forwarder technology traces ownership through nested smart contracts and tells Reality exactly who holds what, so dividends can reach the right people wherever their tokens are deployed."

"Tokenized equities should be useful beyond trading," said Gracy Chen, CEO of Bitget. "If someone puts their rTokens to work in DeFi, they should still be able to receive the dividends they’re eligible for. Working with Merkl helps us address that challenge and makes tokenized equities more practical for everyday use."

Under the partnership, Reality continues to manage rToken issuance and dividend entitlements, while Merkl provides the reward forwarding infrastructure for identifying eligible holders across supported DeFi positions. Reality’s rToken model distributes eligible cash dividends separately from the token’s price, with net cash dividends generally settled in USDT. Distribution through DeFi remains subject to the supported contracts and applicable distribution rules.

The partnership builds on the growing adoption of rTokens within Bitget’s UEX ecosystem. According to a DeFiLlama report, rToken trading volume reached $1.16 billion in cumulative volume between June and July, while the number of users trading both crypto and rTokens grew 23.54% month over month in July 2026, pointing to rising demand for tokenized equities as part of broader, cross-asset strategies. The integration with Merkl supports the next stage of development, helping extend the use of tokenized equities beyond exchange-based trading into DeFi.

About Reality
Reality is a regulated real-world asset issuance platform built for global markets, and is proudly part of the Bitget ecosystem. Working with licensed brokers across major exchanges, including Nasdaq and the NYSE, we purchase and hold the underlying assets in custody, then issue the corresponding rights on-chain. This connects traditional capital markets with on-chain infrastructure, opening institutional-grade access to real-world assets for users worldwide.

About Merkl
Merkl is the leading onchain money streaming platform. Stablecoin issuers, fintechs, neobanks and tokenized funds use Merkl to calculate and send yield, dividends and payouts. Merkl tracks ownership across lending markets, liquidity pools and other nested smart contracts, so every payment reaches the beneficial owner behind each position. Since launching in July 2023, Merkl has distributed over $1.8B in tokens across 60+ chains for more than 1,000 companies, including PayPal, Coinbase, Robinhood and Morpho.

YYForce Reaches Profitability Inflection Point with Strong Operating Cash Flow

Fri, 06 Nov 2026 21:53:06 +0700

Disciplined commercial monetization and Workforce OS expansion unlock sustainable operating leverage across Southeast Asia

SINGAPORE, Nov. 06, 2026 (GLOBE NEWSWIRE) -- YYForce Inc. (Nasdaq: YFOR) (“YYForce” or the “Company”), an AI-enabled workforce management and integrated facility management (IFM) technology provider, today announced significant financial and operational milestones marking a decisive transition toward sustained corporate profitability and positive operating cash flow.

Following its recent corporate transformation and disciplined capital management, YYForce is improving efficiency through its proprietary Workforce OS and 24iFM smart estate platform. By moving beyond initial development into scaled commercial monetization and task-specific automation, the Company has established favorable unit economics across its regional footprint in Singapore, Malaysia, and expanding Southeast Asian markets.

Key Operational and Financial Inflection Drivers

Accelerating Path to Net Profitability: Scaled customer adoption across enterprise hospitality, commercial real estate, and integrated facility management has driven margin expansion. The Company's hybrid workforce model; combining flexible on-demand labor with specialized service automation, has unlocked meaningful operational leverage, steering consolidated results toward GAAP net profitability.
Positive Operating Cash Flow: Optimization of working capital, streamlined accounts receivable collection cycles, and recurring software-and-service contracts have strengthened the Company’s liquidity profile, generating robust organic cash inflows.
Proven Unit Economics & Payback: Task-specific service robotics and smart facility deployments - including enterprise-grade rollouts at landmark hotel and commercial properties, have demonstrated rapid payback periods and measurable ROI for clients, leading to improved customer retention and multi-site contract expansions.
Streamlined Capital Structure: Following the strategic optimization of its balance sheet earlier this year, including the elimination of tranche-related debt instruments and the establishment of a clean capital structure - YYForce is operating with zero debt overhang, enabling cash flow from operations to directly fund accretive growth initiatives.

Executive Commentary
“The global market narrative has reached an important turning point: long-term enterprise value is no longer defined by speculative AI concepts, but by concrete monetization, disciplined execution, and measurable return on investment,” said Mike Fu, Founder, Chairman, and CEO of YYForce Inc.

“At YYForce, we have anchored our business model in real-world utility. By deploying task-oriented robotics and AI-driven scheduling across high-friction sectors like facility operations and hospitality, we are solving acute labor constraints for our enterprise partners while driving healthy gross margin expansion. Today, our operational momentum has brought us to a clear financial inflection point. With disciplined cost controls, robust recurring revenue, and an optimized balance sheet, YYForce is uniquely positioned to deliver sustainable profitability and enduring shareholder value.”

Strategic Outlook
Looking ahead to fiscal 2027, YYForce will continue executing against three primary financial and strategic priorities:

Expanding High-Margin Enterprise Contracts: Deepening wallet share with existing regional hotel chains, transport hubs, and commercial complexes while onboarding new blue-chip institutional facilities.
Capital Efficiency & Cash Discipline: Maintaining strict operating expenditure control, preserving capital resources, and reinvesting operating cash flows into commercial opportunities with attractive potential returns.
Cross-Border Scalability: Leveraging its asset-light Workforce OS architecture to expand seamlessly into high-demand regional markets across Southeast Asia and the broader Asia-Pacific corridor.

About YYForce Inc.
YYForce Inc. (Nasdaq: YFOR) is an AI-enabled workforce management platform and integrated facility management (IFM) solutions provider. Combining intelligent labor-matching algorithms, proprietary Workforce OS operational software, and commercial service automation, YYForce transforms traditional staffing and facilities operations into automated, efficient, and data-driven workflows across Singapore, Malaysia, and international growth markets.

Government of Antigua and Barbuda Receives Twenty Zeekr 7X Vehicles for CHOGM 2026

Fri, 06 Nov 2026 21:52:05 +0700

ST. JOHN’S, Antigua and Barbuda, Nov. 06, 2026 (GLOBE NEWSWIRE) -- The Government of Antigua and Barbuda has formally received twenty (20) Zeekr 7X electric vehicles from Geely Auto Mexico for use as official vehicles during the Commonwealth Heads of Government Meeting (CHOGM) 2026. The vehicles, provided under a sponsorship arrangement, arrived at St. John’s Harbour on 1 November 2026, with the formal handover taking place on 2 November at Camp Blizzard.

Present were the Honourable E.P. Chet Greene, Minister of Foreign Affairs, Trade and Immigration and Chair of the CHOGM 2026 Taskforce; Her Excellency Jiang Wei, Ambassador of the People’s Republic of China to Antigua and Barbuda; and Ms Huanke Bao (Echo), Marketing Representative of Geely Motors Mexico.

Minister Greene expressed the Government’s appreciation for the sponsorship and its contribution to CHOGM 2026 logistics.

“On behalf of the Prime Minister, the Right Honourable Gaston Browne, and the people of Antigua and Barbuda, I wish to thank Geely Motors for providing these transport solutions in support of CHOGM 2026,” Minister Greene said. “It is also my hope that the Geely and Zeekr brands will find favour with the Antiguan and Barbudan public and remain a presence on our roads long after CHOGM.”

The Minister also expressed heartfelt gratitude to the Embassy of the People’s Republic of China for its support in facilitating the partnership.

Her Excellency Ambassador Jiang Wei stated that China was honoured to support Antigua and Barbuda’s hosting of CHOGM, following its assistance for SIDS4 and the General Assembly of the Organization of American States. “We hope that this fleet provided by Geely will make a tangible contribution to Antigua and Barbuda’s successful hosting of the upcoming Commonwealth Meeting,” she said.

Bryan Wu, CEO of Geely Auto Mexico thanked the Government for its trust, support and partnership, and expressed the company’s hope that the initiative would lead to further opportunities to expand electric-vehicle options in Antigua and Barbuda.

The initiative follows Minister Greene’s mandate for the Ministry of Foreign Affairs, Trade, and Immigration to pursue sustainable transport solutions for CHOGM 2026. The Embassy of Antigua and Barbuda to the United Arab Emirates, through His Excellency Theon Ali, Deputy Head of Mission and Ambassador to Qatar and Syria, coordinated with the Embassy of the People’s Republic of China in St. John’s and the Ministry’s Headquarters to advance the partnership.

The twenty electric vehicles strengthen the Government’s VVIP/VIP transport capacity for CHOGM 2026 while supporting Antigua and Barbuda’s broader interest in sustainable, lower-emission transportation.

About ZEEKR
Zeekr is a global luxury technology brand under Geely Auto Group, officially launched in April 2021. Capitalizing on Geely Auto Group's deep industrial foundation and global resource advantages, Zeekr rapidly built a comprehensive intelligent technology ecosystem. To date, it has rolled out eight models encompassing four core product matrices. Since deliveries began in October 2021, Zeekr has accumulated over 900,000 vehicle deliveries. Zeekr has now entered over 50 countries and regions, operating more than 650 stores worldwide.

Asia’s water prices trail the 5.6% global rise, but Bishkek’s jump 44.7%, finds Global Water Intelligence’s Global Water Tariff Survey 2026

Fri, 06 Nov 2026 21:50:09 +0700

OXFORD, United Kingdom, Nov. 06, 2026 (GLOBE NEWSWIRE) -- Water prices rose by an average of 2.0% in Southern Asia and 3.9% in East Asia/Pacific from 2025 to 2026, according to the Global Water Tariff Survey 2026 published by Global Water Intelligence (GWI).

GWI’s largest ever survey covers prices in 1,069 cities across 189 countries, each priced the same way, so cities compare directly.

Which areas in Asia are raising water prices, and which are not?

Major cities including Tokyo, Beijing, Shanghai, New Delhi and Mumbai recorded no price change.
Central Asia has been hit hard by rising inflation due to its dependence on Russian trade routes affected by the Ukraine war, resulting in significant price rises of 44.7% in Bishkek, and 11.3% in Dushanbe.
Kazakhstan suspended utility price increases from October 2025 to April 2026, which also suspended block pricing, so combined prices fell by more than 20% in Almaty and Astana.

What do low water prices mean for the industry?

Cost recovery slips further away: current prices are already far below the estimated cost of providing water and wastewater services.
Breaking the pattern is possible: Malaysia’s phased increases helped Indah Water Konsortium reach full operating cost recovery at the company level, though households still pay below cost and rural sewer expansion relies on government funding.
Affordability can turn slow rises into cuts: Kazakhstan reduced prices in the name of affordability, despite utilities clamouring for more revenue.

“It's clear that water price stagnation remains a persistent challenge across Asia. Yet Malaysia’s recent progress on wastewater pricing offers an encouraging example of what sustained political commitment and public engagement can achieve in improving a utility’s financial sustainability,” said Charlotte Christian, Asia Editor at Global Water Intelligence.

The full survey, with prices for all 1,069 cities, is available to GWI Executive members: https://www.globalwaterintel.com/documents/the-global-water-tariff-survey-2026

Journalists can request city or country figures from tallulah.lutkin@globalwaterintel.com.

About Global Water Intelligence
Global Water Intelligence (GWI) is the leading publisher, market intelligence provider, and events organiser for the international water industry. For over 25 years, our journalists, analysts and events have helped clients make better strategic decisions across municipal and industrial water, technology, finance and engineering.

LEPAS L6 EV Impresses Global Elegant Driving Ambassadors on First-Ever LEPAS Global Journey of Elegant Driving

Fri, 06 Nov 2026 21:49:11 +0700

WUHU, China, Nov. 06, 2026 (GLOBE NEWSWIRE) -- During the inaugural LEPAS Global Elegant Lifestyle Week, 34 Elegant Driving Ambassadors from 15 countries joined the LEPAS L6 EV's first-ever LEPAS Global Journey of Elegant Driving. Traveling nearly 700 kilometers from Shanghai to Wuhu via Tonglu, Qiandao Lake and She County, they experienced the vehicle's versatility and refined performance across urban roads, highways and mountain routes.

For ambassadors from Europe and Brazil, chassis performance and handling were key priorities. The winding roads around Qiandao Lake provided an ideal test. With its highly integrated 12-in-1 electric drive system and chassis tuned by a professional European team, the LEPAS L6 EV delivered smooth power and confident handling.

Ambassadors from Motor1, IG Carros and MSN praised the L6 EV's chassis, suspension, steering and braking, highlighting its comfortable ride and natural handling on narrow roads. An ambassador from the UK's Auto Express also commended its smooth acceleration and ample power when merging onto highways.

For users in South Africa and Latin America, music enhances the driving experience. An ambassador from South Africa's Navigating Media praised the LEPAS L6 EV's premium interior materials, craftsmanship and immersive sound from its SONY audio system.

In Southeast Asia, younger users place greater emphasis on affordability and intelligent features. Accordingly, ambassadors from the region focused on the L6 EV's new energy technology and smart cockpit. They praised the L6 EV's driving range and 20-minute charging from 30% to 80% SOC. Its all-scenario intelligent voice assistant, ADAS features, Automated Parking Assist (APA), Remote Parking Assist (RPA) and 540° Panoramic View also inspired confidence on challenging roads.

Beyond testing performance, the journey fostered dialogue on elegant mobility and lifestyle, reflecting the co-creation spirit of LEPAS Global Elegant Lifestyle Week. LEPAS will continue listening to global users and refining its products to deliver more comfortable, elegant mobility experiences.

About LEPAS
LEPAS is Chery Auto's Premium NEV brand, dedicated to creating elegant mobility experiences for users worldwide. Committed to becoming the Preferred Brand for Elegant Mobility Life, LEPAS brings together Leopard Aesthetics, Elegant Technology, and Exquisite Space - transforming elegance into a driving experience you can see, feel, and trust. Supported by a growing global dealer network of more than 500 sales and service outlets, LEPAS is expanding its international footprint through localized operations, delivering products and experiences tailored to users across global markets.

About Chery Auto
Founded in 1997, Chery Auto is a global automotive manufacturer specializing in vehicle development, intelligent technologies, and new energy solutions. The company operates in more than 130 countries and regions, supported by a strong international network of research, production, and strategic partnerships. Chery Auto has remained China’s No. 1 passenger vehicle exporter among Chinese brands for 23 consecutive years. Guided by its global philosophy of "In somewhere, For somewhere, Be somewhere," Chery Auto is committed to advancing sustainable mobility through continuous innovation and global collaboration.

Elering Partners with Image Soft to Safeguard Baltic Sea Subsea Energy Infrastructure with Advanced UNWAS™ Technology

Fri, 06 Nov 2026 21:48:06 +0700

TALLINN, Estonia and HELSINKI, Nov. 06, 2026 (GLOBE NEWSWIRE) -- Elering, the Estonian national transmission system operator, has officially signed a landmark agreement with Finnish defence technology pioneer Image Soft to deliver its 3rd Generation UNWAS™ (Underwater Surveillance System) to protect critical underwater high-voltage direct current (HVDC) interconnect cables in the Baltic Sea.

As a forward-thinking TSO at the forefront of European energy security, Elering continues to lead the industry in proactive asset protection and critical underwater infrastructure (CUI) resilience. By deploying system like UNWAS™, Elering sets a new standard for modern energy grid defense, demonstrating how infrastructure operators can effectively mitigate emerging threats in high-risk maritime environments.

Pioneering Security for Critical Subsea Infrastructure
Under this contract, Elering will secure its key underwater interconnect cables against sabotage, anchor dragging, and unauthorized interference. The 3rd Generation UNWAS™ system provides real-time coverage across hundreds of square kilometers of sea area, automatically detecting, tracking, and raising early-warning alerts the moment a potential threat approaches the critical infrastructure.

Utilizing ultra-sensitive, passive acoustic hydrophone-based sensors, UNWAS™ continuously monitors all underwater acoustic phenomena without itself emitting any detectable signals or interfering with surround sensitive sea life. The system is capable of picking up the faintest aquatic sounds—ranging from biological activity like barnacles to low-noise, closed-circuit divers or unmanned underwater vessels or devices —ensuring comprehensive maritime situational awareness.

While the deployment marks a major milestone in Baltic regional security, commercial terms, sensor locations, and specific operational details remain strictly confidential to safeguard system effectiveness and infrastructure integrity.

About Image Soft and the UNWAS™ System
Founded in Finland, Image Soft is a specialized defence technology provider renowned for its expertise in underwater acoustics, maritime surveillance, and naval simulation systems.

The company’s flagship UNWAS™ (Underwater Surveillance System) is 3rd-generation passive sonar security framework designed specifically to protect ports, naval bases, offshore wind farms, and subsea pipelines and cables. By combining highly sensitive hydrophone arrays with advanced signal processing and automated target classification algorithms, UNWAS™ empowers security operators with actionable intelligence to counter covert underwater threats before harm occurs.

Executive Commentary
“Subsea electricity interconnections are vital to the security of supply in Estonia and the wider region. We must therefore identify potential threats early and respond quickly. Our cooperation with Image Soft gives us a clearer picture of activity around the cables and helps us prevent risks. This is a practical step towards strengthening the protection of our infrastructure and the resilience of the energy system.” — Reigo Kebja, Member of the Board/ Head of Asset Management, Elering

“Protecting subsea electricity infrastructure requires close cooperation and reliable situational awareness. We appreciate Elering’s practical approach to strengthening the security of its interconnections. By combining Elering’s knowledge of the energy system with Image Soft’s underwater surveillance technology, we can help identify potential threats earlier and support a timely response.” — Matti Suuronen, Chief Executive Officer, Image Soft

Backed by Chery's Global NEV Ecosystem, LUXEED Delivers Multi-Scenario Intelligent Luxury Mobility

Fri, 06 Nov 2026 21:45:24 +0700

WUHU, China, Nov. 06, 2026 (GLOBE NEWSWIRE) -- Amid the global transition toward sustainable energy and vehicle intelligence, Chery presented a series of core new energy technology advancements and smart mobility achievements at its Global Innovation Conference on October 20. Following the conference, LUXEED held its Global Brand Launch on October 21, officially unveiling its flagship luxury MPV, LLounge, and SUV, Stormax. Both models come equipped with next-generation AI smart cabin technologies, elevating the automobile from a conventional mode of transport into an intuitive mobility partner. This launch marks a strategic shift in Chery's global expansion—evolving from vehicle exports to the global deployment of a unified new energy ecosystem and intelligent experience, opening a vital new growth trajectory for LUXEED.

As Chery Group’s strategic global brand for smart luxury, LUXEED anchors its product experience around three core pillars: Extreme Driving Pleasure, Beyond-Class Enjoyment, and Ultimate Intelligence. Guided by its brand philosophy of "Intelligent Redefinition of Luxury and Driving Pleasure," LUXEED aims to redefine luxury mobility standards for high-net-worth individuals worldwide. Complementing this mobility ecosystem, Chery's embodied intelligence brand, AiMOGA, recently launched its first home companion robot, MOBO, which has officially opened for global pre-orders.

To address diverse mobility scenarios, LUXEED’s twin flagships offer distinct luxury solutions. The LLounge embodies the spirit of "FLY HIGH," featuring second-row zero-gravity seats, an ultra-quiet executive cabin, and a class-leading minimum turning radius of 5.35 meters—transforming executive travel, family trips, and long-distance journeys into a mobile executive lounge. Meanwhile, the Stormax stands for "FLY FAST," delivering 0–100 km/h acceleration in 3.8 seconds, a top speed of 251 km/h, a dedicated BOOST mode, and precision dynamic handling, tailored for coastal drives and cross-city touring.

Leveraging Chery Group’s proprietary new energy architecture, LUXEED models are specially tuned for diverse global operating environments—easily managing extreme heat and sandstorms in the Gulf Region as well as heavy rainfall and high humidity in Southeast Asia. Designed for global high-net-worth professionals, LUXEED delivers a full-scenario smart luxury mobility experience combining reliable performance, premium comfort, and seamless ecosystem synergy.

The Manufacturing Foundation Behind AiMOGA and LUXEED: How Chery’s Capabilities Support Two Global Brands

Fri, 06 Nov 2026 21:44:39 +0700

WUHU, China, Nov. 06, 2026 (GLOBE NEWSWIRE) -- On October 21, LUXEED, Chery’s intelligent luxury brand, made its global debut with two flagship models. During the same period, AiMOGA, Chery’s embodied AI brand, announced that cumulative global commercial deliveries of its robots had surpassed 3,000 units, with operations spanning more than 60 countries and regions. AiMOGA also opened global pre-orders for MOBO, its first home companion robot.

Although operating in different sectors, the two brands draw on the manufacturing expertise, engineering capabilities and global resources developed by Chery Group. Their progress illustrates how Chery is applying its established automotive capabilities to new areas of intelligent technology, from luxury mobility to robotics.

As Chery’s intelligent luxury brand, LUXEED draws on the Group’s global manufacturing network and R&D capabilities, applying automotive-grade engineering and quality-control standards across vehicle development and production.

Its development incorporates Chery’s accumulated expertise in intelligent manufacturing and Vehicle Motion Control (VMC) systems. These capabilities support the engineering and production of LUXEED’s two flagship models: the luxury MPV LLounge and performance SUV Stormax.

From manufacturing processes and vehicle validation to motion control and safety engineering, Chery’s established automotive capabilities provide a foundation for LUXEED to deliver consistent product quality as it expands into international markets.

Chery’s manufacturing capabilities also provide an important foundation for AiMOGA’s commercial growth. Since entering the market, AiMOGA has recorded more than 3,000 cumulative global robot deliveries, with business operations established across more than 60 countries and regions.

This progress is supported by Chery’s experience in automotive manufacturing, quality management and global supply-chain operations. By adapting established industrial processes and production expertise to robotics, AiMOGA can draw on capabilities developed through years of vehicle manufacturing.

According to Chery, AiMOGA achieves 100% supply-chain reuse with its automotive business and shares 70% of its R&D technologies. These figures illustrate the extent of the technological and industrial overlap between the two businesses, creating opportunities to apply proven automotive capabilities to the development and production of robots.

From LUXEED’s intelligent luxury vehicles to AiMOGA’s embodied AI products, Chery is extending its manufacturing and engineering expertise into different areas of intelligent technology.

The two brands have distinct products, users and market opportunities, but benefit from a common industrial foundation: automotive engineering experience, established manufacturing processes, supply-chain resources and global operational capabilities.

As both brands pursue international growth, this foundation provides Chery with a platform to develop and deliver intelligent products across an expanding range of markets and applications.

Physical AI Empowers Smart Mobility: LUXEED Builds a New Full-Scenario Intelligent Ecosystem

Fri, 06 Nov 2026 21:43:38 +0700

WUHU, China, Nov. 06, 2026 (GLOBE NEWSWIRE) -- Earlier this year, Chery Automobile established a global strategic partnership with NVIDIA to conduct joint R&D across high-level driver assistance, in-cabin AI, and robotics, accelerating the industrial deployment of Physical AI. As Physical AI rapidly transitions from virtual models to real-world applications, the automobile is being redefined into an intelligent entity capable of perception, comprehension, and decision-making. On October 21, at the LUXEED Global Brand Launch, the brand introduced its twin flagships—the LLounge MPV and the Stormax SUV. Both models feature state-of-the-art AI smart cabins and advanced intelligent driving technologies, elevating the vehicle from a traditional mode of transport to a truly intuitive mobility partner.

As a next-generation premium intelligent brand, LUXEED takes "Intelligent Redefinition of Luxury and Driving Pleasure" as its core philosophy, delivering groundbreaking smart driving and riding experiences. Powered by an industry-leading World Model for Autonomous Driving, the system integrates data from multi-modal sensors and has undergone tens of millions of iteration training cycles, equipping the vehicles with seamless navigate-on-autopilot capabilities and predictive road awareness.

To ensure stability and reliability for high-level autonomous driving, LUXEED is backed by the high-performance 8397 chip, multi-modal perception, and a human-like memory architecture. The smart cabin integrates eye-tracking, gesture recognition, and environmental sensing. This enables the vehicle not only to interpret complex traffic scenarios but also to perceive occupant needs, proactively adapting to individual preferences and reducing interaction friction—fulfilling premium users' demands for smooth, effortless intelligence.

Beyond in-vehicle AI upgrades, LUXEED is continuously pushing the boundaries of smart luxury amid this AI-driven global expansion. Chery's embodied intelligence brand, AiMOGA, has officially opened global pre-orders for its first home companion robot, MOBO, marking a steady expansion of the group's smart innovation footprint.

As the global premium market shifts from feature competition to experience-driven value, LUXEED moves beyond the traditional vehicle definition. Utilizing the entire vehicle as a mobile intelligent node and relying on Chery’s global R&D capabilities, LUXEED delivers a human-centric, full-scenario smart luxury experience tailored for high-net-worth business professionals worldwide.

Galaxy Entertainment Group Selected Unaudited Q3 2026 Financial Data

Fri, 06 Nov 2026 21:42:25 +0700

Continues To Lead Macau’s Non-Gaming Diversification Through MICE, Entertainment And Sporting Events

Q3 2026 Group Adjusted EBITDA Of $3.7 Billion
Up 10% Year-on-Year And Up 9% Quarter-on-Quarter

Paid An Interim Dividend Of $0.90 Per Share In September 2026

Continued To Ramp Up Capella At Galaxy Macau

Phase 4 Remains Targeted For Completion In 2027

HONG KONG, Nov. 05, 2026 (GLOBE NEWSWIRE) -- Galaxy Entertainment Group (“GEG”, “Company” or the “Group”) (HKEx stock code: 27) today reported results for the three-month period ended 30 September 2026. (All amounts are expressed in Hong Kong dollars unless otherwise stated)

Mr. Francis Lui, Chairman of GEG said:

“I am pleased to report on GEG’s performance for the third quarter of 2026. The quarter began with a partial impact from the FIFA World Cup, which continued until 19 July. This temporarily affected customer traffic and gaming activity during the early part of the quarter. However, the impact was short-lived. Business recovered quickly following the tournament, supported by strong summer visitation and healthy activity across both gaming and non-gaming offerings.

Visitor arrivals during the summer holiday period were strong. In Q3 2026, Macau welcomed approximately 11.2 million visitors, up 8% year-on-year and up 15% quarter-on-quarter. Arrivals from Mainland Chinese outpaced the overall market, increasing 10% year-on-year and 25% quarter-on-quarter to 8.6 million, reinforcing Macau’s appeal to its core source market. This solid visitor momentum supported hotel occupancy and activity across both gaming and non-gaming segments.

Macau’s Gross Gaming Revenue (GGR) was $58.5 billion in Q3 2026, down 4% year-on-year and down 1% quarter-on-quarter. For the first nine months of 2026, market GGR reached $181.7 billion, representing growth of 3% year-on-year.

Against this backdrop, GEG delivered a solid performance. For Q3 2026, Group Net Revenue was $12.7 billion, up 4% year-on-year and up 7% quarter-on-quarter. Adjusted EBITDA was $3.7 billion, up 10% year-on-year and up 9% quarter-on-quarter.

Our premium offering continued to make good progress during the quarter. Capella at Galaxy Macau ramped up well and the expansion of Horizon Plus from six to ten private salons provided additional capacity to meet the demand from high-value customers and strengthened our position in the premium market. Together with Raffles at Galaxy Macau and Horizon Club, these products give us a strong and differentiated premium portfolio.

At StarWorld Macau, the hotel renovation programme continued during Q3. While the temporary reduction in available room inventory affected the property’s EBITDA by approximately $20 million during the quarter, we carefully managed the works to minimise disruption and maintain service standards. The upgraded rooms and suites will enhance the property’s appeal to premium customers, with completion targeted for the first quarter of 2027.

Entertainment and events continued to broaden our appeal and generate new incentives to visit Macau. During Q3, we hosted more than 80 concerts, entertainment shows, sporting and other events across Galaxy Macau™, including The Music of Chan Fai Young, concerts by Rosy Zhao and Henry Lau, and the Tencent Music Entertainment Awards (TMEA) 2026. World tour concerts by K-pop groups i-dle and CLOSE YOUR EYES also attracted audiences from Macau, Greater China and across Asia.

Our entertainment strategy connects travel, accommodation, dining, retail and entertainment. Partnerships with leading entertainment, travel and ticketing companies help us broaden our audience reach, enhance the customer journey and encourage repeat visitation. Our event pipeline for the remainder of 2026 remains strong, featuring Rene Liu, Jane Zhang, ENHYPEN, TOMORROW X TOGETHER, LE SSERAFIM, Richie Jen and MC Cheung Tinfu.

Our balance sheet remains healthy and liquid. As of 30 September 2026, cash and liquid investments were $36.4 billion. After debt of $2 billion, our net position was $34.4 billion. This financial strength enables us to invest in our existing resorts, return capital to shareholders, fund our development pipeline and maintain resilience amid an uncertain external environment.

In September, we paid an interim dividend of $0.90 per share. Together with the final dividend of $0.80 per share paid in June, total dividends paid during the first nine months of 2026 were $1.70 per share. These returns demonstrate the Board’s commitment to shareholders and our confidence in the long-term outlook for Macau and GEG.

We continued the fitting out of our 600,000-sqm Phase 4 development. Upon completion, this project will significantly enhance our integrated resort offering and broaden our non-gaming attractions. Phase 4 will feature five ultra-luxury hotels with approximately 1,350 rooms and suites, a 5,000-seat theater, extensive dining and retail offerings, lush landscaping, a water resort deck and a casino. We believe Phase 4 will be a game changer for GEG and further support Macau’s development as a World Centre of Tourism and Leisure.

As we enter the final quarter of 2026, our priorities are to build momentum across our premium offerings, maximize the value of our entertainment assets, progress the renovation of StarWorld Macau and the fitting out of Phase 4, while maintaining discipline in operating costs and customer reinvestment.

We acknowledge that GGR growth has moderated in the near term, reflecting a combination of short-term factors, including possibly, taxation policy changes, slower global economic growth and ongoing geo-political uncertainty. Despite these near-term factors, we remain confident in the medium to longer term outlook for Macau. This view is underpinned by the continued growth in China’s economy and household wealth, which should support sustained demand for leisure, tourism, and travel. GEG is well positioned to capture these longer term opportunities through our world class integrated resorts and the largest development landbank in Macau.

Finally, I would like to thank all our team members who deliver ‘World Class, Asian Heart’ service each and every day and contribute to the success of the Group.”

Q3 2026 RESULTS HIGHLIGHTS

GEG: Well Positioned for Future Growth

Q3 Group Net Revenue of $12.7 billion, up 4% year-on-year and up 7% quarter-on-quarter
Q3 Group Adjusted EBITDA of $3.7 billion, up 10% year-on-year and up 9% quarter-on-quarter
Played lucky in Q3 which increased Adjusted EBITDA by approximately $584 million, normalized Adjusted EBITDA of $3.1 billion, down 7% year-on-year and down 9% quarter-on-quarter
Latest twelve months Adjusted EBITDA of $14.9 billion, up 11% year-on-year and up 2% quarter-on-quarter

Galaxy Macau™: Primary Driver to Group Earnings

Q3 Net Revenue of $10.8 billion, up 7% year-on-year and up 9% quarter-on-quarter
Q3 Adjusted EBITDA of $3.5 billion, up 15% year-on-year and up 11% quarter-on-quarter
Played lucky in Q3 which increased Adjusted EBITDA by approximately $576 million, normalized Adjusted EBITDA of $3.0 billion, down 3% year-on-year and down 8% quarter-on-quarter
Hotel occupancy for Q3 across the nine hotels was 99%

StarWorld Macau: Continuing with Major Property Upgrades

Q3 Net Revenue of $1.1 billion, down 11% year-on-year and down 8% quarter-on-quarter
Q3 Adjusted EBITDA of $279 million, down 24% year-on-year and down 8% quarter-on-quarter
Played lucky in Q3 which increased Adjusted EBITDA by approximately $8 million, normalized Q3 Adjusted EBITDA of $271 million, down 27% year-on-year and down 14% quarter-on-quarter
Hotel occupancy for Q3 was 100%

Broadway Macau™ and Construction Materials Division (“CMD”)

Broadway Macau™: Q3 Adjusted EBITDA was $7 million, versus $1 million in Q3 2025 and breakeven in Q2 2026
CMD: Q3 Adjusted EBITDA was $150 million, down 27% year-on-year and down 12% quarter-on-quarter

Balance Sheet: Remained Healthy and Liquid

As at 30 September 2026, cash and liquid investments were $36.4 billion and the net position was $34.4 billion after debt of $2.0 billion
Paid an interim dividend of $0.90 per share on 15 September 2026

Development Update: Continue to ramp up Capella at Galaxy Macau, Galaxy International Convention Center (GICC), Galaxy Arena, Raffles at Galaxy Macau and Andaz Macau; Progressing with the fitting out of Phase 4

Cotai Phase 3 – Continue to ramp up Capella at Galaxy Macau, GICC, Galaxy Arena, Raffles at Galaxy Macau and Andaz Macau
Cotai Phase 4 – Our efforts are firmly focused on the development of Phase 4 which has a strong focus on non-gaming, primarily targeting entertainment, family facilities and also includes a casino
StarWorld Macau – Undertaking a major property upgrade
International – Continuously exploring opportunities in overseas markets

Market Overview

Based on DICJ reporting, Macau’s GGR for Q3 2026 was $58.5 billion, down 4% year-on-year and down 1% quarter-on-quarter.

In Q3 2026, visitor arrivals to Macau were 11.2 million, up 8% year-on-year and up 15% quarter-on-quarter. Visitors from Mainland China, our core market, were 8.6 million, up 10% year-on-year and up 25% quarter-on-quarter, with Individual Visit Scheme visitors of 4.7 million, up 16% year-on-year and up 29% quarter-on-quarter.

In the first nine months of 2026, visitor arrivals to Macau were 32.2 million, up 8% year-on-year. Visitors from Mainland China were 23.9 million, up 11% year-on-year, with Individual Visit Scheme visitors of 13.2 million, up 14% year-on-year. Visitors from the Taiwan region (882,023) grew by 21% year-on-year. Regarding the Asian markets, visitors from Thailand (154,885) grew by 35% year-on-year and visitors from India (91,857) grew by 14% year-on-year. International visitors were 1.9 million, up 3% year-on-year.

GEG has continued to work with Macao Government Tourism Office to actively promote Macau as a tourism destination. We will continue to leverage our marketing offices in Tokyo, Seoul, Bangkok and Singapore to further strengthen Macau’s tourism appeal.

Group Financial Results

In Q3 2026, Group Net Revenue was $12.7 billion, up 4% year-on-year and up 7% quarter-on-quarter. Adjusted EBITDA1 was $3.7 billion, up 10% year-on-year and up 9% quarter-on-quarter. Galaxy Macau™’s Adjusted EBITDA was $3.5 billion, up 15% year-on-year and up 11% quarter-on-quarter. StarWorld Macau’s Adjusted EBITDA was $279 million, down 24% year-on-year and down 8% quarter-on-quarter. Broadway Macau™’s Adjusted EBITDA was $7 million, versus $1 million in Q3 2025 and breakeven in Q2 2026. Latest twelve months Adjusted EBITDA for the Group was $14.9 billion, up 11% year-on-year and up 2% quarter-on-quarter.

During Q3 2026, GEG played lucky in its gaming operations which increased Adjusted EBITDA by approximately $584 million. Normalized Adjusted EBITDA was $3.1 billion, down 7% year-on-year and down 9% quarter-on-quarter.

Summary Table of GEG Q3 2026 Adjusted EBITDA and Adjustments:
in HK$'m	Q3 2025	Q2 2026	Q3 2026	YoY	QoQ
Adjusted EBITDA	3,341	3,380	3,688	10%	9%
Luck2	14	(21)	584	-	-
Normalized Adjusted EBITDA	3,327	3,401	3,104	(7)%	(9)%

Gaming & Entertainment Division’s Performance:
in HK$'m	Q3 2025	Q2 2026	Q3 2026	YoY	QoQ
Net Revenue	11,436	11,192	12,022	+5%	+7%
Normalized Net Revenue	11,415	11,225	11,049	-3%	-2%
Adjusted Property EBITDA3	3,432	3,502	3,823	+11%	+9%
Luck4	14	(21)	584	-	-
Normalized Adjusted Property EBITDA	3,418	3,523	3,239	-5%	-8%
Normalized Adjusted Property EBITDA Margin	29.9%	31.4%	29.3%	-0.6pp	-2.1pp

The Group’s total GGR in Q3 2026 was $12.9 billion, up 5% year-on-year and up 7% quarter-on-quarter. Mass GGR was $9.2 billion, down 3% year-on-year and down 3% quarter-on-quarter. VIP GGR was $2.9 billion, up 41% year-on-year and up 76% quarter-on-quarter. Electronic GGR was $798 million, up 8% year-on-year and down 15% quarter-on-quarter.

Group Key Financial Data
(HK$'m)
	Q3 2025	Q2 2026	Q3 2026
Revenues:
Net Gaming	9,707	9,502	10,324
Non-gaming	1,729	1,690	1,698
Construction Materials	727	643	670
Total Net Revenue	12,163	11,835	12,692
Adjusted EBITDA	3,341	3,380	3,688

Gaming Statistics5
(HK$'m)
	Q3 2025	Q2 2026	Q3 2026
Rolling Chip Volume6	65,003	53,275	60,646
Win Rate %	3.1%	3.1%	4.8%
Win	2,044	1,636	2,883

Mass Table Drop7	35,414	33,855	32,328
Win Rate %	26.7%	28.0%	28.4%
Win	9,460	9,473	9,194

Electronic Gaming Volume	27,424	27,421	25,249
Win Rate %	2.7%	3.4%	3.2%
Win	738	934	798

Total GGR Win8	12,242	12,043	12,875

Balance Sheet and Dividend

The Group’s balance sheet remains healthy and liquid. As of 30 September 2026, cash and liquid investments were $36.4 billion and the net position was $34.4 billion after debt of $2.0 billion. Our strong balance sheet combined with substantial cash flow from operations allows us to invest in our existing resorts, return capital to shareholders, fund our development pipeline and maintain resilience amid an uncertain external environment. The Group paid the previously announced interim dividend of $0.90 per share on 15 September 2026.

Galaxy Macau™

Galaxy Macau™ is the primary contributor to the Group’s revenue and earnings. Net Revenue in Q3 2026 was $10.8 billion, up 7% year-on-year and up 9% quarter-on-quarter. Adjusted EBITDA was $3.5 billion, up 15% year-on-year and up 11% quarter-on-quarter.

Galaxy Macau™ played lucky in its gaming operations which increased its Adjusted EBITDA by approximately $576 million in Q3 2026. Normalized Adjusted EBITDA was $3.0 billion, down 3% year-on-year and down 8% quarter-on-quarter.

Hotel occupancy for Q3 2026 across the nine hotels was 99%.

Galaxy Macau™ Key Financial Data
(HK$'m)
	Q3 2025	Q2 2026	Q3 2026
Revenues:
Net Gaming	8,546	8,384	9,265
Hotel / F&B / Others	1,206	1,166	1,210
Mall	340	379	367
Total Net Revenue	10,092	9,929	10,842

Adjusted EBITDA	3,068	3,199	3,537
Adjusted EBITDA Margin	30%	32%	33%

Gaming Statistics9
(HK$'m)
	Q3 2025	Q2 2026	Q3 2026
Rolling Chip Volume10	64,032	52,395	60,446
Win Rate %	3.2%	3.1%	4.7%
Win	2,020	1,626	2,862

Mass Table Drop11	27,983	26,794	26,098
Win Rate %	29.3%	30.7%	31.0%
Win	8,205	8,233	8,099

Electronic Gaming Volume	17,430	19,479	18,433
Win Rate %	3.3%	4.1%	3.7%
Win	580	790	677

Total GGR Win	10,805	10,649	11,638

StarWorld Macau

StarWorld Macau’s Net Revenue in Q3 2026 was $1.1 billion, down 11% year-on-year, down 8% quarter-on-quarter. Adjusted EBITDA was $279 million, down 24% year-on-year, down 8% quarter-on-quarter.

StarWorld Macau played lucky in its gaming operations which increased its Adjusted EBITDA by approximately $8 million in Q3 2026. Normalized Adjusted EBITDA was $271 million, down 27% year-on-year and down 14% quarter-on-quarter.

Hotel occupancy for Q3 2026 was 100%.

StarWorld Macau Key Financial Data
(HK$'m)
	Q3 2025	Q2 2026	Q3 2026
Revenues:
Net Gaming	1,142	1,118	1,059
Hotel / F&B / Others	115	98	64
Mall	6	6	6
Total Net Revenue	1,263	1,222	1,129

Adjusted EBITDA	369	303	279
Adjusted EBITDA Margin	29%	25%	25%

Gaming Statistics12
(HK$'m)
	Q3 2025	Q2 2026	Q3 2026
Rolling Chip Volume13	971	880	200
Win Rate %	2.4%	1.1%	10.2%
Win	24	10	21

Mass Table Drop14	7,336	7,061	6,230
Win Rate %	16.9%	17.6%	17.6%
Win	1,241	1,240	1,095

Electronic Gaming Volume	9,636	7,942	6,816
Win Rate %	1.6%	1.8%	1.8%
Win	153	144	121

Total GGR Win	1,418	1,394	1,237

Broadway Macau™

Broadway Macau™ is a unique family friendly, street entertainment and food resort supported by Macau SMEs. In Q3 2026, Broadway Macau™’s Net Revenue was $51 million, down 18% year-on-year and up 24% quarter-on-quarter. Adjusted EBITDA was $7 million, versus $1 million in Q3 2025 and breakeven in Q2 2026.

Construction Materials Division (“CMD”)

CMD contributed Adjusted EBITDA of $150 million in Q3 2026, down 27% year-on-year and down 12% quarter-on-quarter. The decline mainly reflected weaker demand in Hong Kong and Mainland China, higher energy costs, and a lower contribution from Hong Kong International Airport’s Three-Runway System following the completion of major works.

Development Update

Galaxy Macau™

We continue to enhance Galaxy Macau™ to ensure it remains competitive and appealing to guests, including through the addition of new F&B, lifestyle and retail offerings.

Capella at Galaxy Macau officially opened on 10 February 2026 with 95 ultra-luxury signature Suites and Penthouses. It has been well received by guests and has strengthened our ability to capture the super-premium mass segment at scale. In response to strong customer demand, we expanded Horizon Plus, our premium gaming area, from six to ten private salons, further enhancing our offering for high-value customers.

Cotai Phase 4

We are progressing well with the fitting out of our approximately 600,000 sqm Phase 4 development. Market research and customer feedback indicate strong demand for premium products, including larger and more luxurious rooms with premium amenities and services. Therefore, we have increased the room size in Phase 4, which will comprise 5 ultra-luxury hotels with approximately 1,350 rooms and suites, an approximately 5,000-seat theater, extensive F&B outlets, retail, non-gaming amenities, landscaping, a water resort deck and a casino. Phase 4 is targeted for completion in 2027. We believe the addition of these new, high-quality amenities will be a game changer for our business.

StarWorld Macau

At StarWorld Macau we are undertaking a comprehensive renovation and upgrade programme to ensure the property remains competitive and appealing to guests. We have completed the refurbishment of the gaming floors on levels 1 and 3, together with a refit of the food and beverage areas, including the introduction of new dining offerings. We have commenced the renovation of the hotel rooms and suites. This includes combining some rooms to create larger and more spacious premium suites, with the project expected to be fully completed by the first quarter of 2027.

Selected Major Awards in 2026

AWARD	PRESENTER
GEG
Global Gaming Awards Asia-Pacific 2026 Casino Operator of the Year Integrated Resort of the Year	Global Gaming Insider
2026 IAG Academy IR Awards Best Individual CSR Initiative - GEG Sports for Good Community Program	Inside Asian Gaming

GALAXY MACAUTM
2026 IAG Academy IR Awards Best Integrated Resort - Galaxy Macau™ Best IR Gaming Floor - Galaxy Macau™ Best Hotel in an IR - Capella at Galaxy Macau	Inside Asian Gaming
Macau Green Hotel Awards - Gold Award Andaz Macau JW Marriott at Galaxy Macau The Ritz-Carlton, Macau Banyan Tree Macau	Environmental Protection Bureau
EarthCheck Platinum Certification Banyan Tree Macau EarthCheck Gold Certification Galaxy Hotel	EarthCheck
MICHELIN One-Star Restaurant 8½ Otto e Mezzo BOMBANA Lai Heen Sushi Kissho by Miyakawa MICHELIN Selected Restaurants Saffron The Ritz-Carlton Café	The MICHELIN Guide Hong Kong and Macau 2026
Five-Star Hotel Banyan Tree Macau Galaxy Hotel Hotel Okura Macau Raffles at Galaxy Macau The Ritz-Carlton, Macau Capella at Galaxy Macau Five-Star Restaurant 8½ Otto e Mezzo BOMBANA Yamazato Lai Heen Sushi Kissho by Miyakawa Five-Star Spa Banyan Tree Spa Macau The Ritz-Carlton Spa, Macau	2026 Forbes Travel Guide
2026 Black Pearl Restaurant Guide - One Diamond 8½ Otto e Mezzo BOMBANA Yamazato	Mei Tuan
China Travel Awards - China's Top 100 Hotels - Raffles at Galaxy Macau	China Travel + Leisure
Tatler Best Hong Kong and Macau Awards 2026 Tatler Best Spotlight (Macau) - Hotel Galaxy Hotel Banyan Tree Macau Tatler Best 10 Hotels (Macau) Andaz Macau Raffles at Galaxy Macau Capella at Galaxy Macau Tatler Best 20 Restaurants (Macau) 8½ Otto e Mezzo BOMBANA Lai Heen Sushi Kissho by Miyakawa House of Origin Tatler Best 20 Bars (Macau) 8½ Otto e Mezzo BOMBANA Andaz Bar Long Bar PONY & PLUME Raffles Lounge & Terrace The Ritz-Carlton Bar & Lounge Tatler Best Spotlight (Macau) – Restaurant Saffron Teppanyaki Shou Best New Hotel (Macau) Capella at Galaxy Macau Best New Bar (Macau) PONY & PLUME Best Design (Macau) Andaz Macau PONY & PLUME Best Service (Macau) 8½ Otto e Mezzo BOMBANA	Tatler Hong Kong

SiriusPoint Reports Third Quarter 2026 Results and Announces LPT on Remaining Run-Off Reserves

Fri, 06 Nov 2026 21:41:27 +0700

HAMILTON, Bermuda, Nov. 05, 2026 (GLOBE NEWSWIRE) -- SiriusPoint Ltd. (“SiriusPoint” or the “Company”) (NYSE:SPNT), a global specialty underwriter, today announced results for its third quarter ended September 30, 2026, and entered into a loss portfolio transfer (LPT) agreement to close the chapter on its legacy portfolio.

Third Quarter 2026 Highlights

Net income available to SiriusPoint common shareholders of $87 million, or $0.74 per diluted common share
Operating earnings per share increased 19% to $0.88
Return on equity of 15.4%, with operating return on equity of 17.6%
Core gross written premium increased 14%, driven by 20% growth in Insurance & Services
Core combined ratio of 90.1%
Book value per diluted common share (ex. AOCI) increased 4% from June 30, 2026 to $20.21
Balance sheet remains strong with BSCR estimate of 232%

Nine Months 2026 Highlights

Net income available to SiriusPoint common shareholders of $255 million, up 25% versus prior year
Diluted earnings per common share of $2.14, with operating earnings per share up 17% to $2.29
Return on equity of 15.1%, with operating return on equity of 15.8%
Insurance & Services gross written premium growth of 14%; continued discipline in Reinsurance with premiums decreasing 6%
Core combined ratio of 90.1% improved 1.3 points versus prior year
Book value per diluted common share (ex. AOCI) increased 12% from December 31, 2025 to $20.21

SiriusPoint’s LPT agreement with RiverStone covers substantially all of the remaining run-off reserves and is supported by significant limit and strong collateral. The deal is expected to unlock over $200 million of capital currently supporting the run-off portfolio. The deal is subject to regulatory approval.

Scott Egan, Chief Executive Officer, said: “Our third quarter results represent continued strong performance, with our diversified, low-volatility portfolio again delivering on both growth and profitability. Our Insurance & Services segment grew by 20% and our core combined ratio was 90.1% both in the quarter and year to date. With an operating return on equity of 17.6% for the quarter and 15.8% year to date, the business continues to outperform against our 12-15% target.

“We continue to create value for our shareholders as our book value per share (ex. AOCI) grew by 4% in the quarter and 12% year to date. As we head into the final quarter, we believe our underwriting credentials and positive momentum position us well to close out the year with confidence. Our balance sheet and capital are very strong, and we have the agility to deploy capital where we see the best opportunities.

“We have also announced another important milestone in the quarter linked to our legacy run-off portfolio, agreeing a loss portfolio transfer with RiverStone. This will allow us to effectively close the door on this historical book of reserves, further simplifying our business and unlocking significant capital.”

Key Financial Metrics

The following table shows certain key financial metrics for the three and nine months ended September 30, 2026 and 2025 and as of September 30, 2026 and December 31, 2025:

	Three months ended						Nine months ended
	September 30, 2026			September 30, 2025			September 30, 2026			September 30, 2025
	($ in millions, except for ratios)
Combined ratio		86.5	%		85.9	%		87.6	%		87.8	%
Core combined ratio ⁽¹⁾		90.1	%		89.1	%		90.1	%		91.4	%
Core underwriting income ⁽¹⁾	$	75.9		$	69.6		$	201.8		$	165.7
Core net services income ⁽¹⁾	$	11.9		$	10.1		$	30.2		$	37.7
Operating net income ⁽¹⁾	$	103.2		$	87.4		$	272.6		$	231.1
Operating earnings per share ⁽¹⁾	$	0.88		$	0.74		$	2.29		$	1.95
Annualized ROE		15.4	%		17.7	%		15.1	%		14.5	%
Annualized Operating ROE ⁽¹⁾		17.6	%		18.3	%		15.8	%		16.5	%

	September 30, 2026		December 31, 2025
Book value per common share	$	19.37	$	19.40
Book value per diluted common share	$	19.05	$	18.61
Book value per diluted common share ex. AOCI ⁽¹⁾	$	20.21	$	18.10
Tangible book value per diluted common share ⁽¹⁾	$	17.30	$	17.62

(1) Core combined ratio, Core underwriting income, and Core net services income are non-GAAP financial measures. See definitions in “Non-GAAP Financial Measures” and reconciliations in “Segment Reporting.” Operating net income, Operating earnings per share, Annualized Operating ROE, book value per diluted common share ex. AOCI and tangible book value per diluted common share are non-GAAP financial measures. See definitions and reconciliations in “Non-GAAP Financial Measures.”

Third Quarter and Nine Months 2026 Summary

Consolidated underwriting income for the three months ended September 30, 2026 was $103.5 million compared to $91.4 million for the three months ended September 30, 2025. The improvement was primarily driven by lower attritional loss ratios and increased favorable prior year loss reserve development, slightly offset by higher expense ratios.

Consolidated underwriting income for the nine months ended September 30, 2026 was $254.7 million compared to $235.7 million for the nine months ended September 30, 2025. The improvement was primarily driven by a decrease in catastrophe losses as the prior period included losses from the California wildfires and increased favorable prior year loss reserve development, partially offset by higher expenses. Increased acquisition costs primarily resulted from profit commission accruals related to favorable loss experience and increased other underwriting expense is largely driven by expenses related to incentive compensation award outperformance.

Reportable Segments

The determination of our reportable segments is based on the manner in which management monitors the performance of our operations, which consist of two reportable segments - Insurance & Services and Reinsurance. Collectively, the sum of our two segments, Insurance & Services and Reinsurance, constitute our “Core” results. Core underwriting income, Core net services income, Core income and Core combined ratio are non-GAAP financial measures. See reconciliations in “Segment Reporting.” We believe it is useful to review Core results as they reflect how management views the business and reflects our decision to exit the run-off business. The sum of Core results and Corporate results are equal to the consolidated results of operations.

In the fourth quarter of 2026, SiriusPoint plans to realign its reportable segments to reflect how management now views and manages the business. Over recent years, SiriusPoint has evolved into a specialty underwriter, and management increasingly evaluates performance and allocates capital across its specialty markets. Our external financial reporting will be aligned with that approach.

Under the new structure, SiriusPoint plans to report two segments. Accident & Health, which now has over $1 billion of premiums, will become a standalone segment, reflecting its distinct product, risk, earnings and capital characteristics. The remaining specialty businesses will be reported in a new Specialty P&C segment, which management evaluates on a combined basis, allocating capital and resources and assessing underwriting performance across the portfolio. These segments will replace our previous Insurance & Services and Reinsurance segments, and together they will continue to make up our Core results.

Three months ended September 30, 2026 and 2025

Core Premium Volume

Gross written premium increased by $119.0 million, or 13.7%, to $990.6 million for the three months ended September 30, 2026 compared to $871.6 million for the three months ended September 30, 2025. Net written premium increased by $13.8 million, or 2.1%, to $678.7 million for the three months ended September 30, 2026 compared to $664.9 million for the three months ended September 30, 2025. Net earned premium increased by $121.3 million, or 18.9%, to $764.8 million for the three months ended September 30, 2026 compared to $643.5 million for the three months ended September 30, 2025. The increases in written premium were driven by our Insurance & Services segment, including growth in Surety business as well as an increase in our estimated premium for Professional Liability business, slightly offset by the exit of an International A&H program. The increase in net earned premium was primarily related to increases in our estimate of the earned premium in Professional Liability and A&H businesses. The Professional Liability and A&H premium estimate changes were largely offset by corresponding loss and acquisition costs, with no significant impact on underwriting income.

Core Underwriting Results

Core results for the three months ended September 30, 2026 included income of $87.8 million compared to $79.7 million for the three months ended September 30, 2025. Income for the three months ended September 30, 2026 consists of underwriting income of $75.9 million (90.1% combined ratio) and net services income of $11.9 million, compared to underwriting income of $69.6 million (89.1% combined ratio) and net services income of $10.1 million for the three months ended September 30, 2025. The improvement in underwriting income was primarily driven by lower attritional loss ratios and increased favorable prior year loss reserve development, slightly offset by higher expense ratios. For the three months ended September 30, 2026, favorable prior year loss reserve development was $18.3 million compared to $9.1 million for the three months ended September 30, 2025, primarily driven by favorable development on Property and A&H business.

The increase in net services income was due to growth in the IMG travel business and the acquisition of Assist America, partially offset by the deconsolidation of Armada. Service margin, which is calculated as Net service fee income as a percentage of services revenues, increased to 19.7% for the three months ended September 30, 2026 from 16.3% for the three months ended September 30, 2025, when adjusted to exclude Armada, driven by the acquisition of Assist America.

Nine months ended September 30, 2026 and 2025

Core Premium Volume

Gross written premium increased by $184.3 million, or 6.6%, to $2,975.9 million for the nine months ended September 30, 2026 compared to $2,791.6 million for the nine months ended September 30, 2025. Net written premium decreased by $31.7 million, or 1.5%, to $2,085.0 million for the nine months ended September 30, 2026 compared to $2,116.7 million for the nine months ended September 30, 2025. Net earned premium increased by $127.0 million, or 6.6%, to $2,041.9 million for the nine months ended September 30, 2026 compared to $1,914.9 million for the nine months ended September 30, 2025. The increases in gross written premium and net earned premium were driven by our Insurance & Services segment, primarily driven by an increase in premium estimates on Professional Liability and A&H businesses, new program growth, mainly in General Liability, as well as continued organic growth in existing programs and growth in A&H. These increases were partially offset by decreases in our Reinsurance segment, mainly in Casualty, Property Catastrophe, and Other Specialties. The Professional Liability and A&H premium estimate changes were largely offset by corresponding loss and acquisition costs, with no significant impact on underwriting income. The decrease in net written premium was primarily driven by the decreases in our Reinsurance segment and the ceded premium related to the inception of an aggregate reinsurance program in 2026.

Core Underwriting Results

Core results for the nine months ended September 30, 2026 included income of $232.0 million compared to $203.4 million for the nine months ended September 30, 2025. Income for the nine months ended September 30, 2026 consists of underwriting income of $201.8 million (90.1% combined ratio) and net services income of $30.2 million, compared to underwriting income of $165.7 million (91.4% combined ratio) and net services income of $37.7 million for the nine months ended September 30, 2025. The improvement in net underwriting results was primarily driven by decreased catastrophe losses, partially offset by higher acquisition costs and other underwriting expense. Catastrophe losses were $6.7 million, or 0.3 percentage points on the combined ratio, for the nine months ended September 30, 2026, compared to $67.4 million, or 3.5 percentage points on the combined ratio, for the nine months ended September 30, 2025, primarily driven by the California wildfires in the prior period. Increased acquisition costs primarily resulted from profit commission accruals related to favorable loss experience and increased other underwriting expense is largely driven by expenses related to incentive compensation award outperformance.

Insurance & Services Segment

Three months ended September 30, 2026 and 2025

Insurance & Services gross written premium were $673.0 million for the three months ended September 30, 2026, an increase of $111.0 million, or 19.8%, compared to the three months ended September 30, 2025, primarily driven by growth in Surety business as well as an increase in premium estimate on Professional Liability business, slightly offset by the exit of an International A&H program. The Professional Liability premium estimate change was largely offset by corresponding loss and acquisition costs, with no significant impact on underwriting income.

Insurance & Services generated income of $44.9 million for the three months ended September 30, 2026, compared to $47.8 million for the three months ended September 30, 2025. Income for the three months ended September 30, 2026 consists of underwriting income of $33.0 million (92.8% combined ratio) and net services income of $11.9 million, compared to underwriting income of $37.7 million (90.1% combined ratio) and net services income of $10.1 million for the three months ended September 30, 2025. The decrease in underwriting income was primarily a result of higher acquisition and other underwriting expense ratios, slightly offset by lower attritional loss ratios.

Nine months ended September 30, 2026 and 2025

Insurance & Services gross written premium were $2,002.2 million for the nine months ended September 30, 2026, an increase of $244.7 million, or 13.9%, for the nine months September 30, 2026 compared to the nine months ended September 30, 2025, primarily driven by an increase in premium estimate on Professional Liability business, Surety and new program growth, mainly in General Liability, as well as continued organic growth in existing programs and growth in North America A&H. The Professional Liability premium estimate change was largely offset by corresponding loss and acquisition costs, with no significant impact on underwriting income.

Insurance & Services generated income of $128.7 million for the nine months ended September 30, 2026, compared to $135.0 million for the nine months ended September 30, 2025. Income for the nine months ended September 30, 2026 consists of underwriting income of $98.5 million (92.0% combined ratio) and net services income of $30.2 million, compared to underwriting income of $97.3 million (91.1% combined ratio) and net services income of $37.7 million for the nine months ended September 30, 2025. The improvement in underwriting income was primarily driven by increased favorable prior year loss reserve development, partially offset by increased expenses. For the nine months ended September 30, 2026, favorable prior year loss reserve development was $40.3 million compared to $21.7 million for the nine months ended September 30, 2025, primarily driven by favorable development in A&H. Increased acquisition costs primarily resulted from profit commission accruals related to favorable loss experience and increased other underwriting expense is largely driven by expenses related to incentive compensation award outperformance.

Reinsurance Segment

Three months ended September 30, 2026 and 2025

Reinsurance gross written premium were $317.6 million for the three months ended September 30, 2026, an increase of $8.0 million, or 2.6%, compared to the three months ended September 30, 2025, primarily driven by increases in certain Other Specialties lines, specifically Property and Marine & Energy.

Reinsurance generated underwriting income of $42.9 million (86.0% combined ratio) for the three months ended September 30, 2026, compared to $31.9 million (87.9% combined ratio) for the three months ended September 30, 2025. The increase in underwriting income for the three months ended September 30, 2026 compared to the three months ended September 30, 2025 was primarily driven by increased favorable prior year reserve development in Property and Energy.

Nine months ended September 30, 2026 and 2025

Reinsurance gross written premium were $973.7 million for the nine months ended September 30, 2026, a decrease of $60.4 million, or 5.8%, compared to the nine months ended September 30, 2025, primarily driven by deliberate reductions in Casualty, rate and exposure reductions in Property Catastrophe, and reductions in Other Specialties.

Reinsurance generated underwriting income of $103.3 million (87.4% combined ratio) for the nine months ended September 30, 2026, compared to $68.4 million (91.7% combined ratio) for the nine months ended September 30, 2025. The increase in underwriting income was primarily driven by decreased catastrophe losses, as the nine months ended September 30, 2025 included losses of $62.6 million, or 7.6 percentage points on the combined ratio, primarily from the California wildfires. This was partially offset by lower favorable prior year loss reserve development of $26.9 million for the nine months ended September 30, 2026, compared to $35.5 million for the nine months ended September 30, 2025, mainly from reserve releases in Property relating to prior year’s catastrophe events.

Investments

Three months ended September 30, 2026 and 2025

Net investment income decreased to $65.9 million for the three months ended September 30, 2026 compared to $66.5 million for the three months ended September 30, 2025 driven by lower yields on cash and short-term investments, as well as portfolio repositioning. Net investment gains (losses) decreased to $3.3 million for the three months ended September 30, 2026 compared to $6.2 million for the three months ended September 30, 2025. The decrease was primarily related to realized losses on sales of TPOC and other AFS debt securities, slightly offset by higher gains on sales of other long-term investments.

Nine months ended September 30, 2026 and 2025

Net investment income decreased to $197.8 million for the nine months ended September 30, 2026 compared to $205.9 million for the nine months ended September 30, 2025 driven by lower yields on cash and short-term investments, as well as portfolio repositioning. Net investment gains (losses) increased to $22.6 million for the nine months ended September 30, 2026 compared to $6.6 million for the nine months ended September 30, 2025 primarily due to gains from fair value changes in the Company's investments managed by related parties, which are included in Other long-term investments, partially offset by the reversal of inception to date unrealized gains.

Webcast Details

The Company will hold a webcast to discuss its third quarter 2026 results at 08:30 a.m. Eastern Time on November 6, 2026. The webcast of the conference call will be available over the Internet from the Company’s website at www.siriuspt.com under the “Investor Relations” section. Participants should follow the instructions provided on the website to download and install any necessary audio applications. The conference call will be available by dialing 1-877-451-6152 (domestic) or 1-201-389-0879 (international). Participants should ask for the SiriusPoint Ltd. third quarter 2026 earnings call.

The online replay will be available on the Company's website immediately following the call at www.siriuspt.com under the “Investor Relations” section.

Safe Harbor Statement Regarding Forward-Looking Statements
This press release includes “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are subject to known and unknown risks and uncertainties, many of which may be beyond the Company’s control. The Company cautions you that the forward-looking information presented in this press release is not a guarantee of future events, and that actual events may differ materially from those made in or suggested by the forward-looking information contained in this press release. In addition, forward-looking statements generally can be identified by the use of forward-looking terminology such as “believes,” “intends,” “seeks,” “anticipates,” “aims,” “plans,” “targets,” “estimates,” “expects,” “assumes,” “continues,” “guidance,” “should,” “could,” “will,” “may” and the negative of these or similar terms and phrases. These risks and uncertainties include, but are not limited to, the "Risk Factors" described in the Company's most recent Annual Report on Form 10-K and other subsequent periodic reports filed with the Securities and Exchange Commission.

All forward-looking statements speak only as of the date made and the Company undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law.

Non-GAAP Financial Measures and Other Financial Metrics
In presenting SiriusPoint’s results, management has included financial measures that are not calculated under standards or rules that comprise accounting principles generally accepted in the United States (“GAAP”). SiriusPoint’s management uses this information in its internal analysis of results and believes that this information may be informative to investors in gauging the quality of SiriusPoint’s financial performance, identifying trends in our results, and providing meaningful period-to-period comparisons. Core underwriting income, Core net services income, Core income, Core combined ratio, book value per diluted common share excluding accumulated other comprehensive income (loss) ("AOCI"), tangible book value per diluted common share, Operating net income, Core Operating net income, Operating earnings per share, Core Operating earnings per share, Operating ROE and Core Operating ROE are non-GAAP financial measures. Reconciliations of such non-GAAP financial measures to the most directly comparable GAAP figures are included in the attached financial information in accordance with Regulation G and Item 10(e) of Regulation S-K, as applicable.

About the Company
SiriusPoint is a global underwriter of insurance and reinsurance providing solutions to clients and brokers around the world. Bermuda-headquartered with offices in New York, London, Stockholm and other locations, we are listed on the New York Stock Exchange (SPNT). We have licenses to write Property & Casualty and Accident & Health insurance and reinsurance globally. Our offering and distribution capabilities are strengthened by a portfolio of strategic partnerships with Managing General Agents and Program Administrators. With approximately $3.0 billion total capital, SiriusPoint’s operating companies have a financial strength rating of A from AM Best, S&P and Fitch, and A3 from Moody’s. For more information, please visit www.siriuspt.com.

TekniPlex Healthcare to Showcase Integrated MedTech CDMO Capabilities at COMPAMED 2026

Fri, 06 Nov 2026 21:40:25 +0700

Company to highlight solutions spanning advanced materials, precision components, and finished medical devices

Wayne, PA, Nov. 05, 2026 (GLOBE NEWSWIRE) -- TekniPlex Healthcare, a global leader in advanced materials science solutions for healthcare applications, will showcase its integrated contract development and manufacturing organization (CDMO) capabilities at COMPAMED 2026, taking place November 16–19 in Düsseldorf, Germany. At Hall 8b, Booth N02, the company will highlight how its expertise in materials science, precision components, and medical device manufacturing supports medical technology OEMs from initial development through commercial-scale production.

Under the theme “Engineered for the Critical Path,” TekniPlex Healthcare will emphasize its comprehensive MedTech CDMO and Interventional Device Solutions portfolio, connecting custom material formulations, precision extrusion, braiding, molding, and catheter manufacturing within an integrated approach.

As medical devices become increasingly complex, manufacturers face challenges related to material selection, component performance, supplier coordination, and production scalability. By bringing together complementary technical capabilities, TekniPlex Healthcare helps OEMs streamline development, reduce supplier handoffs, and strengthen supply chain resilience.

At COMPAMED 2026, TekniPlex Healthcare will highlight its integrated capabilities spanning custom compounds, precision-extruded single- and multi-lumen tubing, braided catheter shafts, molded components, and finished catheters. Its portfolio also includes Nitinol components, implant device assembly, and design-for-manufacturability support for complex medical device applications.

“Material and manufacturability decisions drive device performance and scale”, said Brian Clarke, Vice President & General Manager at TekniPlex Healthcare. “Our technical teams work with OEM design, engineering and manufacturing groups early in development, then support qualification, transfer and production continuity."

Beyond its MedTech CDMO offering, TekniPlex Healthcare will showcase complementary barrier protection and packaging solutions for pharmaceutical and consumer healthcare applications. These include sealing solutions, liners, gaskets, packaging components, and LamePlast containers, reflecting the company's broader expertise in healthcare materials and product protection.

With its global manufacturing capabilities and application-specific technical expertise, TekniPlex Healthcare supports customers throughout development, qualification, manufacturing transfer, and commercial production, helping address regional supply requirements and long-term production continuity.

About TekniPlex Healthcare
TekniPlex Healthcare utilizes advanced materials science expertise and technologies to develop and deliver critical solutions for medical and diagnostic devices, drug delivery systems and sterile barrier healthcare packaging applications. With a global reach, the division’s deep understanding of the greater pharmaceuticals and medical landscape helps it produce exemplary barrier properties for drugs and precision medical devices for interventional and therapeutic procedures.

In the medical device niche, TekniPlex Healthcare embodies a comprehensive CDMO partner capable of servicing every stage of the product life cycle, from design and development through component manufacturing and final assembly. Throughout its broad purview, the division’s ever-evolving portfolio helps meet demands for high-leverage medicines and mission-critical healthcare products that benefit care providers and patients. For more information visit www.tekni-plex.com/healthcare.

World's First Industrial-Scale Plant: Verbio Produces Specialty Chemicals from Biomass

Fri, 06 Nov 2026 21:39:33 +0700

The bioeconomy company Verbio, based in the south of Saxony-Anhalt, is pioneering green alternatives to fossil raw materials. Using biomass, it produces renewable chemicals for mobility, industry and agriculture. A world first is its industrial-scale plant, which applies Nobel Prize-winning technology to produce high-value renewable carbon compounds from rapeseed oil.

MAGDEBURG, Germany, Nov. 05, 2026 (GLOBE NEWSWIRE) -- The Investment and Marketing Corporation Saxony-Anhalt (IMG Saxony-Anhalt) today highlighted a major milestone for the region's bioeconomy as Verbio commissioned the world's first industrial-scale ethenolysis plant. Verbio's history began 25 years ago with the opening of its first biodiesel production facility in Bitterfeld-Wolfen. Today, the company produces biodiesel, bioethanol and biomethane as alternatives to fossil fuels, while also using rapeseed oil to manufacture bio-based chemicals. Verbio is now one of Saxony-Anhalt's highest-revenue companies. It operates eight biorefinery plants across Europe, Asia and North America, employing around 1,400 people.

A Pioneer in Technology
In October 2026, Verbio commissioned the world's first industrial-scale ethenolysis plant based on rapeseed methyl ester at its site in the Bitterfeld-Wolfen Chemical Park. The process uses ethene and specialised catalysts to convert unsaturated hydrocarbons into new chemical compounds.

“About ten years ago, we realised that it was a waste to use the valuable molecules in rapeseed oil solely to produce fuel that is then burned. We found a technology that allows us to further process biodiesel into specialty chemicals for a wide range of applications,” explains company founder and CEO Claus Sauter.

Economic and Environmental Benefits
Verbio's development in Saxony-Anhalt began in 2001 with its first biodiesel plant in Bitterfeld. Bioethanol production followed in Zörbig in 2004. In 2014, the company launched its first plant producing biomethane exclusively from straw. Today, Verbio also supplies renewable fuels such as bio-LNG made from agricultural residues. Its network of company-owned and partner-operated bio-CNG and bio-LNG filling stations comprises 48 locations across Germany.

“Renewable fuels made from biomethane can replace fossil diesel in heavy-duty transport. Using locally sourced biomass also reduces dependence on global supply chains and price fluctuations,” says Sauter.

Chemical Building Blocks from Rapeseed Oil
The Bitterfeld biodiesel plant has developed into an integrated biorefinery, producing glycerine and phytosterols alongside biodiesel. The new ethenolysis facility adds another business area, with an expected annual production capacity of 60,000 tonnes of bio-based specialty chemicals. Customers can use these chemical building blocks to manufacture high-performance lubricants, detergents, cleaning products and bio-based plastics. Demand comes from Germany, Europe and international markets.

The technology is based on research honoured with the 2005 Nobel Prize in Chemistry. Verbio subsidiary XiMo manufactures the specialised catalysts developed by Nobel laureate Richard R. Schrock, enabling the process to be applied economically on an industrial scale.

Verbio has invested almost €100 million in the project, which received funding through the Joint Federal Government/Länder Scheme for the Improvement of Regional Economic Structures (GRW). Around 50 new jobs have been created, bringing the site's future workforce to approximately 130 employees. “Our location offers key advantages: proximity to regional agriculture and an established industrial infrastructure,” says Sauter, reaffirming Verbio's long-term commitment to Saxony-Anhalt, where the company's journey began.

Doxis Named a Leader in the IDC MarketScape: Worldwide Intelligent Content Services 2026 Vendor Assessment

Fri, 06 Nov 2026 21:38:13 +0700

Doxis, The Document Intelligence Company, today announced it has been named a Leader in the IDC MarketScape: Worldwide Intelligent Content Services 2026 Vendor Assessment

IDC MarketScape notes Doxis’ depth of platform, deployment speed, as well as architecture and interoperability as strengths.
“For organizations looking to consolidate point solutions and address the full content life cycle — ECM, CCM, and IDP — within a single platform, Doxis is a good fit,” the IDC MarketScape notes.
IDC MarketScape evaluated 17 intelligent content services vendors on their capabilities and strategies.

BONN, Germany, Nov. 05, 2026 (GLOBE NEWSWIRE) -- Doxis, The Document Intelligence Company, today announced it has been named a Leader in the IDC MarketScape: Worldwide Intelligent Content Services 2026 Vendor Assessment*.

We believe the IDC MarketScape arrives at a pivotal time as enterprises are moving AI out of the pilot stage and embedding it into core content-intensive business processes. “Content earns the label ‘intelligent’ when it stops being merely stored and retrieved and becomes the context layer that AI and automation depend on to reason, retrieve, and act reliably,” says Amy Machado, Research Director, Content and Knowledge Discovery Strategies, IDC.

As we see it, Doxis is recognized as a Leader because it provides that context layer for AI, empowering enterprise customers to securely manage and act on high volumes of documents from capture through archiving on one unified AI-first platform, instead of across separate systems.

“AI pilots can demonstrate what's possible, but running AI across billions of business documents in a secure, repeatable and trustworthy way is a different challenge,” says Dr. John Bates, CEO of Doxis. He continues: “It demands a scalable architecture, reliable processes, deep business context and governance that works at every step. We've built Doxis to bring those capabilities together in one trusted Document Intelligence platform. We're proud to be recognized as a Leader in the IDC MarketScape as more enterprises seek to bolster productivity and efficiency through Document Intelligence.”

Read the IDC MarketScape excerpt about Doxis here.

Platform depth, interoperability and fast time-to-value of Doxis

From our view, Doxis was named a Leader based on strengths in the following areas:

Depth of platform: Doxis is an AI-first platform that unites enterprise content management (ECM), process automation, intelligent document processing (IDP), and intelligent communications to deliver document intelligence across the entire document lifecycle.
Rapid time-to-value: Enterprise customers are typically able to deploy Doxis in weeks rather than months for a quick time-to-value.
Architecture and interoperability: Doxis offers deep integrations with leading systems, including SAP S/4HANA, SAP SuccessFactors, Salesforce, Microsoft 365, ServiceNow and Workday, and provides more than 150 third-party connectors.

IDC MarketScape recognition follows continued rapid growth period for Doxis
Doxis’ recognition as a Leader in the IDC MarketScape follows a period of platform investment and rapid business growth. Over the past 12 months, Doxis acquired customer communication and experience management specialist Metaforce and launched Doxis AI.dp to enhance its intelligent document processing capabilities. Doxis also significantly expanded its portfolio of SAP certifications and solutions for document-centric SAP processes to help customers accelerate their Clean Core strategy – most recently to automate procurement and invoice processing across SAP ERP and SAP S/4HANA environments.

Axi opens up pre-IPO trading opportunities on OpenAI and Anthropic

Fri, 06 Nov 2026 21:37:18 +0700

New perpetual futures contracts give traders access to price movements linked to two of the world’s most prominent artificial intelligence companies ahead of their anticipated public market debuts

SYDNEY, Nov. 05, 2026 (GLOBE NEWSWIRE) -- Axi, a global online FX and CFD broker, has introduced pre-IPO perpetual futures contracts linked to OpenAI and Anthropic, giving traders the opportunity to take positions on the price movements of two of the world’s most closely watched artificial intelligence companies before their anticipated stock market listings.

The launch comes as the race to bring leading AI companies to the public markets gathers momentum. Anthropic, the company behind AI assistant Claude, filed for an initial public offering (IPO) on Oct. 26 2026, with plans to list on the Nasdaq under the ticker symbol ANT. Meanwhile, OpenAI, the developer of ChatGPT, has also been pursuing a potential public listing, with its longer-term IPO plans attracting significant market attention.

As anticipation builds around the future valuations of both companies, Axi’s new offering provides an alternative way for traders to gain exposure to their evolving market valuations without waiting for a traditional stock market listing.

Through the new contracts, traders can take either long or short positions, allowing them to speculate on potential upward or downward price movements. The perpetual futures are available to trade 24 hours a day, seven days a week, including weekends, offering flexibility beyond conventional exchange trading hours.

The contracts also provide access to leverage of up to 25:1, enabling traders to take positions with a smaller initial margin relative to their overall market exposure. As perpetual futures, the contracts do not require traders to own shares in either company or hold an underlying equity position.

The introduction of OpenAI and Anthropic contracts further expands the range of opportunities available through Axi, reflecting the growing intersection between financial markets, emerging technologies and the global AI industry.

About Axi
Axi is a global online trading broker providing retail and professional traders with access to forex, stocks, indices, commodities. Through its trading platforms, educational resources, and market analysis tools, Axi helps traders navigate global financial markets with confidence.

The Metals Company Announces Third Quarter 2026 Corporate Update Conference Call for Thursday, November 12, 2026

Thu, 05 Nov 2026 21:36:23 +0700

NEW YORK, Nov. 05, 2026 (GLOBE NEWSWIRE) -- TMC the metals company Inc. (Nasdaq: TMC) (“TMC” or the “Company”), a leading developer of the world’s largest estimated undeveloped resource of critical metals essential to energy, defense, manufacturing and infrastructure, today announced that it will host a conference call on Thursday, November 12, 2026, to provide an update on third quarter 2026 financial results and recent corporate developments.

Third Quarter 2026 Conference Call Details

Date:	Thursday, November 12, 2026

Time:	4:30 p.m. ET

Audio-only Dial-in:	Register Here

Virtual webcast with slides:	Register Here

The virtual webcast will be available for replay in the ‘Investors’ tab of the Company’s website under ‘Investors’ > ‘Media’ > ‘Events and Presentations’, approximately two hours after the event.

About The Metals Company
The Metals Company is a developer of lower-impact critical metals from seafloor polymetallic nodules, on a dual mission: (1) supply metals for energy, defense, manufacturing and infrastructure with net positive impacts compared to conventional production routes and (2) trace, recover and recycle the metals we supply to help create a metal commons that can be used in perpetuity. The Company has conducted more than a decade of research into the environmental and social impacts of offshore nodule collection and onshore processing. More information is available at www.metals.co.

AngelAi Research Finds AI-Enabled Lending Could Open Homeownership to 1.1 Million More Mortgage Applicants

Thu, 05 Nov 2026 21:35:24 +0700

Decline rates for the company were 24 to 29 percentage points lower than national benchmarks in 2025 across every ethnicity analyzed

BAYAMON, Puerto Rico, Nov. 05, 2026 (GLOBE NEWSWIRE) -- Mortgage applications processed through AngelAi at Sun West Mortgage Company had substantially lower decline rates in 2025 than national benchmarks, according to new research examining how AI can reduce barriers to mortgage approval. Applying the observed decline-rate gaps nationally, the research found approximately 1.1 million additional creditworthy mortgage applications could have been approved, representing nearly $230 billion in additional loan volume.

The findings were published in a white paper, “Operationalizing Fair and Accessible Lending with AI.” The study compared 2025 AngelAi outcomes with national Home Mortgage Disclosure Act (HMDA) data. Decline rates were 24 to 29 percentage points lower across every ethnicity analyzed:

Asian applicants: 4.01% with AngelAi vs. 32.98% nationally
Black applicants: 18.55% vs. 44.32%
Hispanic applicants: 13.73% vs. 39.10%
White applicants: 9.24% vs. 33.31%

The research also found that AngelAi achieved its lower decline rates without materially worsening delinquency, default, foreclosure or loss severity. These results point to a challenge to homeownership beyond creditworthiness. Borrowers with multiple jobs, irregular income or extensive documentation take more time and effort to process, making them more costly for lenders to serve. As a result, these borrowers can be less likely to be approved even when they are not a greater credit risk.

“Complexity is not the same thing as credit risk, but our industry has made complex borrowers more expensive to serve,” said Pavan Agarwal, CEO of Sun West Mortgage Company and founder and CEO of AngelAi. “AI changes those economics. At Sun West, we’ve brought the cost of manufacturing a mortgage down from roughly $5,000 to under $125. When complexity no longer comes with a significant cost penalty, lenders can give more borrowers a fair opportunity to own a home.”

AngelAi automates much of the manual work involved in processing a mortgage, from document intake and validation to income analysis and condition management. Unlike an LLM, which generates answers based on probability, AngelAi’s patented Transactional Language Model (TLM) follows defined rules to complete transactions, producing consistent and auditable results.

The research follows a recent $100 million investment in Celligence, the financial technology company that developed AngelAi, from real estate finance firm Mortgage Treasury. The investment will help scale AngelAi to millions of users.

Matsunaga Construction, a Japan-based construction company and one of the lead investors behind the $100 million investment, is now publicly identifying its participation, citing both AngelAi’s business fundamentals and its mission to expand access to homeownership.

“As a construction company in Japan’s Greater Tokyo Area, we build homes and infrastructure that support everyday life,” said Daisuke Matsunaga, President and Representative Director of Matsunaga Construction. “Facing demographic change and labor shortages firsthand, we believe AI will transform how businesses serve their community.

“As long term investors, we also recognize the importance of diversifying beyond yen-dominated assets. But we wanted more than an AI story – we wanted an established business with real customers, financial strength, and tangible value. That is what drew us to AngelAi. Pavan’s experience working directly with borrowers resonates with our own: a home is the foundation of a family’s future. We build homes. AngelAi’s vision is to help people access the financing to buy them and the support to keep them. We see global potential in that mission.”

AngelAi has already registered more than 415,000 users and facilitated more than $40 billion in transactions. Celligence plans to build on that by expanding AngelAi internationally and applying its TLM technology across a broader range of financial services. The full white paper is available here.

About AngelAi
AngelAi automates complex financial decisioning and transactions with accuracy, transparency and trust. The platform is owned by fintech and AI developer Celligence LLC and draws on Sun West Mortgage Company’s more than four decades of proprietary data and expertise. AngelAi is built on Celligence’s transactional language model (TLM), which simplifies the mortgage process from banker to borrower and delivers accurate responses with a warranty customers can bank on. To learn more about AngelAi visit here and for investor relations, financial disclosures, and corporate updates, visit here.

Physical AI and Manufacturing Company Nemi to Go Public at a $400 Million Pre-Money Equity Value Through Business Combination with BHAV Acquisition Corp

Thu, 05 Nov 2026 21:33:56 +0700

Nemi Is Developing its Large Manufacturing Model, an AI-Powered Platform Designed to Automate Product Design, Engineering and Manufacturing End-to-End While Reducing Costs and Lead Times

Nemi Operates 300,000+ Square Feet of Manufacturing Operations, Serving Over 50 Enterprise Customers Across Aerospace, Defense and Automotive Markets Worldwide

STAFFORD, Texas and PISCATAWAY, N.J., Nov. 05, 2026 (GLOBE NEWSWIRE) -- Nemi Corp. (“Nemi” or the “Company”), a Physical AI and Manufacturing-as-a-Service company building the Large Manufacturing Model (“LMM”), and BHAV Acquisition Corp (Nasdaq: BHAV) (“BHAV”), a publicly traded special purpose acquisition company, today announced that they have entered into a definitive business combination agreement (the “Business Combination Agreement”, and the transaction, the “Business Combination”). The Business Combination is expected to close in the first quarter of 2027, subject to approval by BHAV’s and Nemi’s shareholders, regulatory approvals and other customary closing conditions. Following completion of the proposed Business Combination, Nemi will be the listed parent company and expects its Class A common stock to trade on The Nasdaq Stock Market under the ticker symbol “NEMI”.

A Manufacturer First, Building AI Where Parts Are Made
Nemi operates more than 300,000 square feet of manufacturing space in India. The Company makes precision metal parts, tooling, electronics, batteries, motors, plastics and complex assemblies, and holds AS9100D and ISO 9001 certifications. Nemi sells this capacity to enterprise customers as Manufacturing-as-a-Service (“MaaS”) and also operates an electric-vehicle business. In FY2025, Nemi’s MaaS business grew revenue 38% year-over-year with gross margins of 32.5%.

The LMM is a comprehensive stack for automating all aspects of hardware manufacturing: Anvil for design and engineering, Orion for factory operations and robotics, and Atlas for commercial and after-sales work.

Nemi is led by Founder and Chief Executive Officer Anirudh Ravi Narayanan, who brings extensive experience across aerospace and defense engineering, advanced manufacturing and business strategy. Prior to founding Nemi, Mr. Narayanan held roles at McKinsey & Company, where he worked in its Digital and Industrial practices, and previously held engineering positions in the aerospace and defense electronics industry. He holds an MBA from the Yale School of Management and an engineering degree from Rose-Hulman Institute of Technology.

Engineering Today, the Factory Floor Next
Anvil turns an engineering brief into CAD, electronics design, simulation and a released bill of materials. On more than 35 customer and internal programs over the past 12 months, Nemi measured design work finishing about three times faster with about one-third of the engineers, compared with its pre-LMM baselines for similar work. Together, that is roughly nine times the design output per engineer.

Results on recent programs, compared with management’s estimates of typical industry timelines:

A full electric-vehicle platform for Nemi’s own EV business, taken from concept to production-ready in 9 months against a typical 18-month period.
A complete drone powertrain (battery, motor, controller and ground unit) for a Tier-1 defense manufacturer, delivered in 4 months against a typical 16-month period, at about 20% lower parts cost.
A production line for a consumer-appliance maker stood up in 5 weeks with no tooling cost.
A flight-critical aerospace part cut from 7 hours to 3 hours per job while holding a 10-to-15 micron tolerance.

Nemi’s first market is high-product mix, low-volume programs in aerospace, defense and other demanding industrial sectors, where engineering is a large share of cost. Next, the Company plans to automate its factory floor. Its digital-twin ERP is already deployed, factory orchestration is in pilot, and low-cost robotics are in development. Nemi plans to implement and stress test each step in its own plants before using it in manufacturers it acquires.

Growing Commercial Momentum Across High-Value Manufacturing Markets
As of October 14, 2026, Nemi had more than $14 million of open purchase orders from 16 customers, subject to the realization of certain contractual milestones. Current customers have also signed non-binding letters of intent (“LOIs”) with an indicative value of over $100 million of revenue for Nemi through 2028.

Nemi serves more than 50 enterprise customers across its manufacturing and electric-vehicle businesses. Its customers include defense, aerospace and space organizations in India, directly or through partners, as well as automotive manufacturers. Nemi’s existing shareholders include Musashi Seimitsu Industry Co., Ltd., a listed Japanese automotive components maker.

In 2025, consolidated gross margin rose to 17.7% from 3.1% in 2024.

Growth Plan and Operating Target
Nemi plans to scale by adding factory capacity for existing customer programs and by acquiring traditional manufacturers, then deploying the LMM in them. Nemi has a robust pipeline of prospective targets, though no definitive agreements have been signed to date.

Management is targeting approximately $120 million of operating annualized revenue run-rate (“Operating ARR”) for the quarter ending twelve months after closing, up from approximately $20 million expected at closing. The target reflects management’s planned manufacturing capacity expansion, anticipated customer demand and contributions from prospective acquisitions.

“We believe Physical AI is going to bring about the next industrial revolution,” said Anirudh Ravi Narayanan, Chief Executive Officer of Nemi. “Our goal, stated simply, is to do for hardware what LLMs did for software. Hardware is hard. Its data is mostly proprietary and closed, so whoever intends to automate it has to be inside the factory. That is why we are a manufacturer first: each part we design and build becomes data for the next one. To gather data fast, we have to grow fast. Every manufacturing company will eventually run on AI. We want to help them get there.”

Transaction Overview
The Business Combination Agreement sets Nemi’s pre-money equity value at $400 million, or 40,000,000 shares at $10.00 per share. That fixed number covers all shares issued for Nemi’s existing equity, including outstanding equity awards and the securities issued in Nemi’s pre-closing financing. The consideration is entirely in stock, and there is no earnout.

Nemi is targeting to raise $50 million in a private investment in public equity (the “PIPE”) at $10.00 per share. Assuming the full amount of the PIPE is raised and no redemptions by BHAV’s public shareholders, the proposed Business Combination is expected to provide approximately $142.5 million of cash at closing from BHAV’s $100 million trust account and the PIPE, after estimated expenses.

The proposed Business Combination includes a minimum available closing cash condition of $30 million, which the parties may waive; available cash includes funds held in BHAV’s trust account after redemptions and the proceeds of the PIPE and the pre-closing financing.

Nemi intends to use the proceeds from the proposed Business Combination to expand factory capacity, acquire manufacturers that already serve its markets, continue developing the LMM and Phase 2 robotics toward greater levels of automation and fund working capital.

The boards of directors of Nemi and BHAV have unanimously approved the transaction, and BHAV’s board has received a fairness opinion. BHAV’s sponsor has agreed to vote its shares in favor of the proposed Business Combination and not to redeem them. Closing is expected in the first quarter of 2027, subject to approval by BHAV’s and Nemi’s shareholders, effectiveness of a registration statement on Form S-4, regulatory approvals and other customary conditions. Additional information about the proposed Business Combination, including a copy of the Business Combination Agreement and investor presentation, will be provided in a Current Report on Form 8-K to be filed by BHAV with the U.S. Securities and Exchange Commission (the “SEC”) and available at www.sec.gov.

BHAV’s Chief Executive Officer and Director Giri Devanur added, “Nemi is building Physical AI from inside the factory. With real manufacturing operations, enterprise customers and proprietary data, we believe Nemi has the foundation to transform how products are designed and manufactured.”

Advisors

Cantor Fitzgerald & Co. is serving as sole placement agent and capital markets advisor to Nemi.

Maxim Group LLC is serving as capital markets advisor to BHAV.

Loeb & Loeb LLP is serving as legal counsel to Nemi.

Mitchell Silberberg & Knupp LLP is serving as legal counsel to BHAV.

About Nemi Corp.
Nemi is a Physical AI and Manufacturing-as-a-Service company focused on transforming how physical products are designed, engineered and manufactured. Through its proprietary Large Manufacturing Model, Nemi is developing an integrated AI platform designed to automate the product lifecycle, from initial concept and engineering through manufacturing, quality control and delivery. The Company operates manufacturing facilities serving enterprise customers across the aerospace, defense, automotive and industrial sectors, leveraging its own operations to develop, deploy and continuously improve its AI capabilities. By combining real-world manufacturing expertise with AI-driven automation, Nemi aims to reduce production costs, accelerate development timelines and improve manufacturing efficiency at scale. For more information, visit https://nemilmm.com/.

About BHAV Acquisition Corp
BHAV Acquisition Corp (Nasdaq: BHAV, BHAVU, BHAVR) is a blank check company incorporated as a Cayman Islands exempted company for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. BHAV completed its $100 million initial public offering in March 2026. It is led by Giri Devanur, its Chief Executive Officer and a director, who is also the sole managing member of its sponsor, BHAV Partners LLC. Mr. Devanur has led three companies to Nasdaq listings: AMERI Holdings (2017), reAlpha Tech Corp. (2023) and BHAV (2026). For more information, visit https://bhavspac.com/.

Bitget Introduces Open Custody Network, Redefining the Relationship Between Custody and Trading

Thu, 05 Nov 2026 21:32:19 +0700

VICTORIA, Seychelles, Nov. 05, 2026 (GLOBE NEWSWIRE) -- Bitget, the world's largest Universal Exchange (UEX), has announced the launch of the Open Custody Network (OCN), a new network connecting banks and institutional-grade custodians with Bitget’s trading infrastructure for all eligible users.

The initiative addresses a longstanding structural characteristic of the cryptocurrency exchange industry: the concentration of asset custody and trading activities within a single platform. Under the traditional centralized exchange model, users typically transfer their assets to an exchange to access the trading capabilities, concentrating custody and execution within the same venue.

Bitget OCN aims to address this shift by uniting custody independence, banking and institutional-grade security, integrated exchange trading, capital efficiency, and connected liquidity. Through Bitget OCN, users can maintain custody of their assets with participating external providers while accessing trading opportunities on Bitget, without requiring the underlying assets to be held directly in exchange custody. It also aims to provide traders with a more integrated experience, lower barriers to entry for everyone, and more equitable access to financial services.

OCN connects independent custody with Bitget’s spot, margin, and futures markets through asset mirroring, allowing eligible users to trade while keeping assets with their selected provider. For market makers, asset managers, and other institutions, the solutions offer a practical way to manage custody concentration risk while putting externally held assets to work across trading strategies. The result is greater custody flexibility and the ability to deploy externally held assets across trading strategies.

"We challenge the assumption that users must place their assets in an exchange’s custody to access its trading capabilities," said Gracy Chen, CEO of Bitget. "Our proposition, ‘Assets in Bank, Tradings on Bitget.’, puts custody choice at the centre of that approach. For the first time, users can leverage world-class liquidity and capital efficiency with lower barriers and zero compromise on custody.”

About Bitget
Bitget is the world's largest Universal Exchange (UEX), serving over 125 million users and offering access to over 2M crypto tokens, 500+ tokenized stocks, ETFs, commodities, FX, and precious metals such as gold. The ecosystem is committed to helping users trade smarter with its AI agent, which co-pilots trade execution. Bitget is driving crypto adoption through strategic partnerships such as MotoGP™. Bitget currently leads in the tokenized TradFi market, providing the industry's lowest fees and highest liquidity across 150 regions worldwide.

Ingredion Incorporated Reports Third Quarter 2026 Results

Thu, 05 Nov 2026 21:31:33 +0700

T&HS delivered its 10th consecutive quarter of net sales volume growth, with share gains in strategic categories, including continued clean label growth globally
Third quarter 2026 reported and adjusted* operating income both decreased 19% compared to the third quarter 2025
Third quarter 2026 reported and adjusted diluted EPS were $2.23 and $2.28, compared with $2.61 and $2.75 in the third quarter 2025
Adjusting full-year guidance for reported diluted EPS to be in the range of $8.04 to $8.49 and adjusted diluted EPS to be in the range of $9.25 to $9.70

WESTCHESTER, Ill., Nov. 05, 2026 (GLOBE NEWSWIRE) -- Ingredion Incorporated (NYSE: INGR), a leading global provider of ingredient solutions to the food and beverage manufacturing industry, today reported its third quarter 2026 results.

"Our third quarter results fell short of our expectations, largely due to Argo's slower than anticipated financial recovery, with incremental pressure from higher input costs and consumer softness," said Jim Zallie, chairman, president and CEO of Ingredion. “While production at Argo remained stable for a second consecutive quarter and inventories are largely rebuilt, high manufacturing costs coupled with softer food and beverage demand impacted profitable volume growth. With plant reliability improved, our focus has shifted to sustainably lowering operating costs and improving volume growth. While we expect these actions to improve earnings, the recovery is taking longer than we expected."

"For Texture & Healthful Solutions, net sales volume growth was a bright spot again this quarter. Volume grew for the tenth consecutive quarter, supported by continued strong demand for clean label globally as customers reformulate for simpler labels, affordability and nutrition. However, higher tapioca costs and manufacturing input cost inflation negatively impacted profit growth in the segment. In Food & Industrial Ingredients—LATAM, stronger volume from brewing and beverage customers in Mexico and Brazil was offset by foreign exchange impacts from a stronger Mexican peso and the impact to our Andean operations from the August earthquake in Colombia."

"As a result, we are lowering our full-year outlook, primarily to reflect the slower earnings recovery in Food & Industrial Ingredients—U.S./CAN, along with the impacts of higher input costs and softer demand."

"Looking ahead, we are taking action to improve financial performance through operating cost discipline and spend management, while we continue to invest in our specialty growth platforms. As we progress the integration planning for the pending acquisition of Tate & Lyle, we are building the foundation for an even stronger company with greater opportunities for growth, innovation and shareholder value creation in 2027 and beyond."

*Reported results are in accordance with U.S. generally accepted accounting principles “GAAP." Adjusted financial measures are non-GAAP financial measures. See “II. Non-GAAP Information” in the Supplemental Financial Information that follows the Condensed Consolidated Financial Statements for a reconciliation of non-GAAP financial measures to the most directly comparable GAAP measures.

Diluted Earnings Per Share (EPS)

	3Q25		3Q26
Reported Diluted EPS	$	2.61	$	2.23
Acquisition/integration costs, net		—		0.09
Impairment charges		—		0.08
Restructuring costs, net		0.05		(0.18	)
Tax items and other matters		0.09		0.06
Adjusted Diluted EPS**	$	2.75	$	2.28

Factors affecting changes in Reported and Adjusted Diluted EPS

	3Q26
Total items affecting adjusted diluted EPS**	(0.47	)
Total operating items	(0.54	)
Margin	(0.72	)
Volume	0.05
Foreign exchange	0.04
Other income	0.09
Total non-operating items	0.07
Financing costs	(0.03	)
Non-controlling interests	0.02
Tax rate	—
Shares outstanding	0.06
Other non-operating income	0.02

** Totals may not sum or recalculate due to rounding

Business Review

Total Ingredion

Net Sales

$ in millions	2025	FX Impact	Volume	Pakistan Volume*	Price Mix	2026	Change	Change excl. FX
Third Quarter	1,816	26	21	(65)	(6)	1,792	(1%)	(3%)
Year-to-Date	5,462	95	9	(65)	(67)	5,434	(1%)	(2%)

*Represents loss of volume due to the sale of the majority stake in our Pakistan business

Third quarter net sales decreased 1%, primarily reflecting the sale of the majority stake in our Pakistan business. Excluding results of the Pakistan business, net sales increased 2%, driven by favorable foreign exchange and by higher volumes in F&II–LATAM and T&HS.

Reported Operating Income

$ in millions	2025	FX Impact	Business Drivers	Restructuring/ Impairment	Other	2026	Change	Change excl. FX
Third Quarter	249	4	(52)	17	(17)	201	(19%)	(21%)
Year-to-Date	796	15	(139)	(29)	(51)	592	(26%)	(28%)

Adjusted Operating Income

$ in millions	2025	FX Impact	Business Drivers	2026	Change	Change excl. FX
Third Quarter	254	4	(52)	206	(19%)	(21%)
Year-to-Date	800	15	(139)	676	(16%)	(18%)

Third quarter reported and adjusted operating income were $201 million and $206 million, respectively. The $5 million difference between reported and adjusted operating income reflects acquisition-related costs, impairment charges and Argo thermal event costs, largely offset by a net restructuring benefit. Excluding foreign exchange translation impacts, reported and adjusted operating income were both down 21% from a year ago.

Texture & Healthful Solutions

Net Sales

$ in millions	2025	FX Impact	Volume	Price Mix	2026	Change	Change excl. FX
Third Quarter	605	(3)	12	(4)	610	1%	1%
Year-to-Date	1,806	15	69	(36)	1,854	3%	2%

Segment Operating Income

$ in millions	2025	FX Impact	Business Drivers	2026	Change	Change excl. FX
Third Quarter	105	(1)	(9)	95	(10%)	(9%)
Year-to-Date	315	3	(6)	312	(1%)	(2%)

Third quarter operating income for Texture & Healthful Solutions was $95 million, down $10 million from a year ago, driven by unfavorable tapioca costs and manufacturing expense, as well as unfavorable price mix, partially offset by positive volumes and operating expense. Excluding foreign exchange translation impacts, segment operating income was down 9%.

Food & Industrial Ingredients–LATAM

Net Sales

$ in millions	2025	FX Impact	Volume	Price Mix	2026	Change	Change excl. FX
Third Quarter	585	30	21	(12)	624	7%	2%
Year-to-Date	1,754	78	9	(27)	1,814	3%	(1%)

Segment Operating Income

$ in millions	2025	FX Impact	Business Drivers	Argentina JV	2026	Change	Change excl. FX
Third Quarter	116	5	(15)	3	109	(6%)	(10%)
Year-to-Date	370	11	(46)	7	342	(8%)	(11%)

Third quarter operating income for Food & Industrial Ingredients–LATAM was $109 million, a $7 million decrease from a year ago, driven primarily by Mexico’s transactional currency impact and the business disruption resulting from the earthquake in Colombia, partially offset by higher volumes. Excluding foreign exchange translational impacts, segment operating income was down 10%.

Food & Industrial Ingredients–U.S./CAN

Net Sales

$ in millions	2025	FX Impact	Volume	Price Mix	2026	Change	Change excl. FX
Third Quarter	507	(1)	(15)	13	504	(1%)	—%
Year-to-Date	1,550	1	(75)	(9)	1,467	(5%)	(5%)

Segment Operating Income

$ in millions	2025	FX Impact	Business Drivers		2026	Change		Change excl. FX
Third Quarter	81	—	(29	)	52	(36	%)	(36	%)
Year-to-Date	259	1	(116	)	144	(44	%)	(44	%)

Third quarter operating income for Food & Industrial Ingredients–U.S./CAN was $52 million, a $29 million decrease from the prior year. The decline resulted from higher manufacturing expenses at our Argo facility, as well as volume declines, partially offset by favorable price mix. Excluding foreign exchange translation impacts, operating income was down 36%.

All Other**

Net Sales

$ in millions	2025	FX Impact	Volume	Pakistan Volume*	Price Mix	2026	Change	Change excl. FX
Third Quarter	119	—	3	(65)	(3)	54	(55%)	(55%)
Year-to-Date	352	1	6	(65)	5	299	(15%)	(15%)

*Represents loss of volume due to the sale of the majority stake in our Pakistan business

All Other Operating Loss

$ in millions	2025	FX Impact	Pakistan	Business Drivers	2026	Change	Change excl. FX
Third Quarter	(4)	—	(9)	2	(11)	NM	NM
Year-to-Date	(5)	—	(9)	12	(2)	NM	NM

Third quarter operating loss for All Other increased $7 million from the prior year, reflecting the impact of the sale of the majority stake in our Pakistan business partially offset by continued improvements in the Protein Fortification business.

** All Other consists of the businesses of multiple operating segments that are not individually or collectively classified as reportable segments. Net sales from All Other are generated primarily by sales of stevia and other ingredients from our PureCircle and other sugar reduction businesses, and pea protein ingredients from our Protein Fortification business.

Other Financial Items

At September 30, 2026, total debt was $1.8 billion, and cash, including short-term investments, was $993 million, versus $1.8 billion and $1.0 billion at December 31, 2025.
Net adjusted financing costs were $10 million in third quarter 2026, compared to $7 million in third quarter 2025.
Reported and adjusted effective tax rates for the third quarter were 26.8% and 26.4%, respectively, compared to 28.6% and 26.4%, respectively, for the year-ago period. The decrease in the reported effective tax rate was primarily driven by the change in the permanent reinvestment status of our Pakistan business recorded in the prior-year period and a favorable ruling in Brazil related to the taxability of ICMS credits. These favorable impacts were partially offset by the change in the value of the Mexican peso relative to the U.S. dollar.
Capital expenditures totaled $313 million through September 30, 2026, partially offset by proceeds of $36 million from the sales of certain properties.

Dividends and Share Repurchases

In the third quarter, the Company paid $53 million in dividends to shareholders. On September 17, 2026, the Company declared a quarterly dividend increase to $0.83 per share, which was paid on October 20, 2026, marking the 12th consecutive year of dividend increases. Through September 30, the Company repurchased $85 million of common stock and is on track to complete its $100 million full-year share repurchase target.

Updated Full-Year 2026 Outlook

The Company now expects its full-year 2026 reported diluted EPS to be in the range of $8.04 to $8.49, and its adjusted diluted EPS to be in the range of $9.25 to $9.70.

The Company now expects full-year 2026 net sales to be flat, reflecting volume growth and favorable foreign exchange, offset by lower price mix as well as the impact of the previously mentioned sale of its majority stake in the Pakistan business. Excluding results of the Pakistan business, net sales is expected to be flat to up low single digits.

Reported operating income is expected to be down low double digits, with adjusted operating income now expected to be down mid-teens for full-year 2026, which reflects the operational challenges in F&II—U.S./CAN.

The 2026 full-year outlook further assumes the following: Texture & Healthful Solutions operating income is now expected to be flat to up low single-digits, driven by sales volume growth, offset by expected higher input cost inflation; Food & Industrial Ingredients—LATAM operating income is now anticipated to be down mid-to-high single-digits, reflecting the continued strength of the Mexican peso; Food & Industrial Ingredients—U.S./CAN operating income is now expected to be down 35-40%, driven by operating costs at Argo; and All Other’s operating loss is still anticipated to be approximately $(15) million, which reflects the absence of a second half earnings contribution from the sale of the Pakistan business.

Corporate costs for full-year 2026 are expected to be down mid-single digits.

For full-year 2026, the Company expects a reported effective tax rate of 27.9% to 28.9% and expects an adjusted effective tax rate of 26.5% to 27.5%.

Cash from operations for the full year 2026 is now expected to be in the range of $650 million to $750 million. Capital expenditures for the full year are still expected to be approximately $450 to $490 million.

This guidance reflects tariff levels in effect as of the end of October 2026. In addition, this guidance excludes acquisition-related integration and restructuring costs, as well as any potential impairment costs.

Conference Call and Webcast Details
Ingredion will host a conference call on Thursday, November 5, 2026, at 8 a.m. CT/9 a.m. ET, hosted by Jim Zallie, chairman, president and chief executive officer and Diego Reynoso, executive vice president and chief financial officer. The call will be webcast in real time and can be accessed at https://ir.ingredionincorporated.com/events-and-presentations. A presentation containing additional financial and operating information will be accessible through the Company’s website and available to download a few hours before the start of the call. A replay will be available for a limited time at https://ir.ingredionincorporated.com/financial-information/quarterly-results.

About Ingredion
Ingredion Incorporated (NYSE: INGR), headquartered in the suburbs of Chicago, is a leading global ingredient solutions provider serving customers in more than 120 countries. With 2025 annual net sales of approximately $7.2 billion, the Company turns grains, fruits, vegetables and other plant-based materials into value-added ingredient solutions for the food, beverage, animal nutrition, brewing and industrial markets. With Ingredion Idea Labs® innovation centers located around the world and more than 11,000 employees, the Company co-creates with customers and fulfills its purpose of bringing the potential of people, nature and technology together to make life better. Visit ingredion.com for more information and the latest Company news.

SeenThis Studio MCP takes video ads from prompt to live with everyday AI tools

Thu, 05 Nov 2026 21:29:47 +0700

SeenThis Studio MCP connects Claude, ChatGPT and other AI tools to SeenThis Studio, letting agencies and brands build, version, approve and deliver video ads for the open web and social platforms from a single brief

STOCKHOLM, Nov. 05, 2026 (GLOBE NEWSWIRE) -- SeenThis, the video advertising partner, today announced the early access launch of SeenThis Studio MCP. Teams share a brief with the AI tool they already use, and it builds editable video ads in SeenThis Studio, ready for approval and delivery across the open web and social platforms.

Building video ads across multiple digital channels, and especially for the open web, requires specialist expertise, from creative adaptation and tracking setup to ad server and DSP configurations. The MCP puts that expertise directly into the hands of the teams who own the brief.

The AI tools teams already work with hold their brand guidelines, data and ways of working, which is why SeenThis chose to connect SeenThis Studio to them. The AI tool brings the knowledge of the brand, and SeenThis Studio brings the video expertise.

The AI tool builds and animates video ads in every required format, using supplied copy and brand styling. It creates versions for different markets, languages and offers, connects product feeds and shares previews for client sign-off. Early tests show production time reduced by more than 90%, meaning complex video ads that would take most of a working day to build can now be ready in under an hour.

“Frontier AI models now work the way a motion designer does, in real creative tools: they storyboard, set keyframes, time the type to the voice and cut to the beat. So why should ad video work any differently?” said Mark Pasternak, Chief Product and Technology Officer at SeenThis. “Your AI tool knows your brand. Our engine knows how an ad has to work. The more SeenThis Studio can do, the more your AI tool can do.”

Behind every build is the expertise of SeenThis's technical producers, who turn what they know about how video ads perform into the templates and guidance the AI tool follows, and who support teams with complex builds.

The MCP signs in with each user’s SeenThis Studio account. Teams then push the approved ads directly from the SeenThis Studio interface to DV360 and to social platforms like Meta and TikTok.

“AI is changing how every agency works, and video advertising is next. SeenThis has always built the technology behind the ad, from creation to delivery, and SeenThis Studio MCP puts that technology to work for the AI tools agencies already rely on. It means more brands can run great video across the open web, faster and at scale,” said Jesper Benon, CEO of SeenThis.

Availability
SeenThis Studio MCP is available now in early access to a limited group of agencies and brands. It works with AI tools supporting MCP (Model Context Protocol), the open standard for connecting AI tools to other software. Request access here.

About SeenThis
SeenThis is the video advertising partner for the open web, capturing more attention and exceptional results with cost-effective video. Since 2017, SeenThis has served billions of streams for 5,000+ brands across 50+ countries. SeenThis Studio, its creative platform, lets agencies and brands build and deliver video ads themselves. www.seenthis.co.

MRM Health and Biocodex establish strategic partnership to strengthen future commercial supply capabilities for CORAL®-based medicines

Thu, 05 Nov 2026 21:28:16 +0700

Ghent, Belgium – November 5, 2026 , Nov. 05, 2026 (GLOBE NEWSWIRE) -- MRM Health and Biocodex establish strategic partnership to strengthen future commercial supply capabilities for CORAL®-based medicines

Collaboration combines MRM Health’s cutting-edge microbiome science and proprietary CORAL® platform with Biocodex’s industrialization and manufacturing capabilities

Planned €15 million investment by Biocodex in specialized anaerobic manufacturing infrastructure will establish an additional pathway for MH002 and other MRM Health programs, from clinical development toward potential commercial supply

The specialized manufacturing capacity strengthens MRM Health’s readiness for pharmaceutical partnerships while preserving manufacturing flexibility and ownership of its platform and product-related innovations

Ghent, Belgium – November 5, 2026 – MRM Health, a clinical-stage biotech developing microbiome-based therapies for immune-mediated diseases, and Biocodex, an independent French pharmaceutical company with more than 70 years of experience in the microbiome field, today announced the launch of a strategic partnership to establish specialized manufacturing capabilities for live biotherapeutic products. The collaboration combines MRM Health’s cutting-edge microbiome science and proprietary CORAL® platform with Biocodex’s pharmaceutical development, industrialization and manufacturing capabilities.

The partnership is designed to support both MRM Health’s lead asset MH002 and other CORAL®-based programs across the product lifecycle, from process development and clinical manufacturing toward potential future commercial supply. By establishing access to specialized manufacturing infrastructure alongside the clinical development of its pipeline, MRM Health is addressing an important future manufacturing and supply requirement for complex live biotherapeutic products and further strengthening the readiness of its programs for pharmaceutical partnerships and commercialization.

Biocodex will invest €15 million over the coming years in a new manufacturing infrastructure dedicated to live biotherapeutic products, including anaerobic manufacturing capabilities at its state-of-the-art pharmaceutical site in Beauvais, France. Biocodex will fund, build, own and operate the facility, while MRM Health will contribute its proprietary anaerobic manufacturing expertise to its design and implementation. The infrastructure will be designed to support the specific manufacturing requirements of products derived from MRM Health’s proprietary CORAL® platform, while also supporting other live biotherapeutic programs.

“Developing next-generation live biotherapeutics into successful medicines requires manufacturing capabilities that are just as sophisticated as the underlying science,” said Dr. Sam Possemiers, Chief Executive Officer of MRM Health. “Together with Biocodex we are establishing a specialized and scalable manufacturing pathway from clinical development to future commercial production. This partnership strengthens the readiness of both our own pipeline and CORAL® programs developed with pharmaceutical partners for future commercialization, bringing us closer to delivering microbiome-based therapeutics to patients.”

“This strategic collaboration strengthens the partnership we began last year with MRM Health,” added Nicolas Coudurier, Chief Executive Officer of Biocodex. “By combining our expertise, we are helping to strengthen European industrial capabilities in the field of live biotherapeutics. This is an important step in supporting the development of these new therapeutic approaches and ultimately enabling patients to benefit from them.”

A platform-enabling partnership supporting multiple MRM programs
The partnership establishes a framework under which Biocodex may provide process development, analytical testing and GMP manufacturing services for individual CORAL® programs under program-specific agreements. MRM Health will have access to the manufacturing infrastructure for its proprietary, partnered and out-licensed CORAL® programs. The non-exclusive nature of the collaboration preserves MRM Health’s flexibility to engage additional or alternative manufacturing partners where appropriate. This flexible partnership provides an additional manufacturing pathway for its lead candidate MH002 and its broader pipeline while reducing the need for its pharmaceutical partners to establish specialized manufacturing pathways independently as programs advance toward commercialization.

Scalable industrial support, from development to commercial supply
MRM Health has developed proprietary expertise in the scalable manufacturing of complex bacterial consortia through its single-process CORAL® production technology. The new infrastructure will build on this proficiency, as well as on the industrial experience of Biocodex, and provide a coordinated pathway for technology transfer, process development, clinical manufacturing and future commercial supply.

The facility will provide flexible manufacturing infrastructure across multiple scales. For MRM Health, it will enable the progression of both MH002 and other pipeline programs from development through later-stage clinical manufacturing and ultimately toward commercial-scale production. Capacity supporting CORAL® programs will expand in line with the clinical and commercial progress of MRM Health’s portfolio. Initial process development and pilot manufacturing activities are expected to begin by 2027, with commercial-scale manufacturing targeted from 2030.

About MRM Health
MRM Health is a clinical-stage biotech developing innovative live biotherapeutic products (LBPs) for immune-mediated diseases with high unmet needs. The Company’s lead program, MH002, for inflammatory bowel diseases (IBD), is currently being evaluated in the 204-patient STARFISH-UC Phase 2b study in patients with mild-to-moderate ulcerative colitis, following positive Phase 2a clinical data in ulcerative colitis and pouchitis. MH002 received FDA Fast Track designation in April 2026. MRM Health is expanding its pipeline across other inflammatory diseases and immuno-oncology, leveraging AI-guided discovery and deep expertise in microbiome ecosystem biology. Its CORAL® platform enables the rational design and manufacture of disease-focused microbial consortia with enhanced efficacy and scalability. In September 2025, MRM Health successfully closed a €55 million Series B round led by Biocodex, with strong support from ATHOS, BNP Paribas Fortis Private Equity and existing investors SFPIM, AvH, OMX Europe VF, QBIC II and VIB.

For more information, please follow us on LinkedIn or visit the website at www.mrmhealth.com.

About Biocodex
Biocodex is an independent French pharmaceutical company operating in more than 100 countries through its subsidiaries or partners. As a pioneer in gut microbiota research, the company has made it a central strategic focus, driven by the conviction that this ecosystem plays a key role in overall health and a more holistic approach to care.

The Group develops innovative healthcare solutions across four complementary areas: microbiota, women’s health, rare diseases, and established products addressing everyday health needs (mental health, sleep, pain, etc.). True to its family-owned identity, Biocodex promotes a committed vision of health that combines scientific excellence, a strong industrial base in France, international reach, and corporate social responsibility. This commitment has been recognized with the “Engagé RSE” label – Confirmed level (★★), awarded by AFNOR Certification and recognized across Europe through Responsibility Europe.

Empowering everyone to live fully is Biocodex’s purpose, embodied by its 1,900 employees worldwide.

ArrayPatch Completes Oversubscribed €3.2 Million Seed Financing to Advance Next-Generation Microneedle Therapeutics

Thu, 05 Nov 2026 21:25:30 +0700

CORK, Ireland, Nov. 05, 2026 (GLOBE NEWSWIRE) -- ArrayPatch Ltd (“ArrayPatch”), a biotech company developing innovative microneedle-based therapeutics, today announced the successful completion of the second close of its seed financing round, securing an additional €1.6 million, bringing the total raised to €3.2 million. The latest investment comes from impact-focused venture capital firm WakeUp Capital along with funds raised via Spark Venture Funding and Dr. Mark Ledwidge plus existing lead investor Lakeside Capital and DeepIE Ventures.

The proceeds from the seed financing will be used to accelerate the development of programs leveraging its proprietary DerMap™ dissolving microneedle patch platform towards first-in-human studies, with an initial focus on GLP-DerMap™ for the treatment of obesity and diabetes, and VIS-DerMap™ for the treatment of basal cell carcinoma. DerMap™ is the only microneedle patch delivery technology whereby the microneedles are made entirely from the medicine being delivered, thus requiring no polymer, allowing significantly higher drug loading capacity. The platform can be used to deliver both small molecules and peptides.

“The successful completion of our €3.2 million seed round is an important milestone for ArrayPatch and provides the resources to accelerate the development of our pipeline,” said Dr. Waleed Faisal, Founder and CEO of ArrayPatch. “Our primary focus is now GLP-DerMap™, where we believe our technology has the potential to offer a new, patient-friendly approach to the delivery of GLP-1 medicines. We are also continuing to advance our programmes in skin cancer and nail fungal infection.”

“We are delighted to co-lead this round as ArrayPatch is advancing a novel technology designed to address numerous patient and environmental challenges associated with medicines administered by traditional injections, setting the company on track to make a significant global human and environmental impact.” said Andrew Parish, Partner at WakeUp Capital.

Additional investors in the €3.2 million seed round included Enterprise Ireland, The Boole Investment Syndicate and a number of private investors. Andrew Parish, Partner at WakeUp Capital, will join the ArrayPatch Board of Directors, alongside recently appointed Chair, Dr. Neil Thomas.

About ArrayPatch Ltd
ArrayPatch is a biotech company based in Cork, Ireland, developing next-generation microneedle-based therapeutics. Its DerMap™ platform harnesses polymer-free dissolving microneedles to deliver therapeutic agents directly in a painless and efficient manner. The company’s lead program, GLP-DerMap™, is designed to address the challenges associated with current GLP-1 agonist injections by delivering the medicine in a pain-free patch and is currently in pre-clinical development. Additional applications under development are VIS-DerMap™ for the treatment of basal cell carcinoma and ITZ-DerMap™ for the treatment of onychomycosis (nail fungus). ArrayPatch was spun out from University College Cork and has secured significant non-dilutive funding and industry recognition to support its development strategy. For more information, please visit www.array-patch.com

CGTN: Dialog Wali Kota Global menegaskan kembali komitmen Tiongkok terhadap keterbukaan

Thu, 05 Nov 2026 21:23:56 +0700

BEIJING, Nov. 05, 2026 (GLOBE NEWSWIRE) -- Acara utama Dialog Wali Kota Global 2026 · Ningbo resmi dibuka pada hari Selasa di kota pelabuhan Ningbo, dengan menghadirkan perwakilan dari 15 negara dan 20 kota internasional. Dengan mengusung tema “Keterbukaan dan Konektivitas untuk Peluang Bersama”, acara ini menghasilkan 14 kesepakatan kerja sama serta Konsensus Ningbo tentang Pembangunan Kooperatif. Hasil tersebut menegaskan peran kota sebagai penggerak perdagangan terbuka yang saling menguntungkan.

Proyek-proyek yang telah disepakati mencakup pertukaran antarkota kembar, perdagangan dan investasi, sains dan pendidikan, kebudayaan dan pariwisata. “Keterbukaan kota terhadap dunia bukan sekadar langkah satu arah untuk menjangkau dunia luar, melainkan juga proses integrasi dua arah ke dalam rantai industri dan inovasi global,” ujar Wali Kota Ningbo, Shen Mingquan.

Sebagai salah satu kota pesisir pertama di Tiongkok yang membuka diri terhadap dunia luar, Ningbo menjalin hubungan ekonomi dan perdagangan dengan lebih dari 220 negara dan wilayah di seluruh dunia.

Integrasi global ini telah menunjukkan hasil yang signifikan. Pada tahun 2024, delegasi Ningbo mengunjungi otoritas Terusan Suez di Mesir, dan Dashun Fur, perusahaan yang berbasis di Ningbo, menginvestasikan $40 juta di Zona Ekonomi Terusan Suez. Kerja sama mereka pun berkembang dari sektor tekstil tradisional ke logistik modern. Produk seperti susu bubuk dari Selandia Baru dan kurma dari Maroko banyak diminati warga Ningbo. Sementara itu, Maladewa termasuk dalam 10 besar destinasi wisata luar negeri pilihan warga Ningbo.

Tiongkok tetap menjadi negara dengan perdagangan barang terbesar di dunia dan importir terbesar kedua, serta mitra dagang utama bagi lebih dari 150 negara dan wilayah. Data kepabeanan menunjukkan bahwa nilai perdagangan barang Tiongkok mencapai 45,47 triliun yuan ($6,51 triliun) pada tahun 2025, naik 3,8% dibandingkan tahun sebelumnya, dengan nilai ekspor tercatat sebesar 26,99 triliun yuan ($4,06 triliun) dan impor mencapai 18,48 triliun yuan ($2,78 triliun).

Perdagangan dengan negara-negara mitra dalam inisiatif Sabuk dan Jalan menyumbang 51,9% dari total perdagangan luar negeri Tiongkok. Angka-angka tersebut menegaskan satu kenyataan mendasar: pertumbuhan Tiongkok membutuhkan dunia, dan dunia juga membutuhkan Tiongkok untuk mewujudkan kemakmuran global.

Dialog di Ningbo berulang kali menyoroti pilihan antara “membangun tembok” dan “membangun jembatan.” Dalam acara pada hari Selasa tersebut, Wali Kota Auckland, Wayne Brown, membagikan kisah tentang bagaimana sebuah kota gerbang di Pasifik Selatan mengubah jarak menjadi keterbukaan. Karimi Said, Wali Kota Errachidia, Maroko, menyebut pertanian oasis dan kurma sebagai penghubung ke pasar global.

Pertukaran budaya selama acara tersebut—termasuk dokumen pada lempeng tembaga dari Atol Laamu di Maladewa, artefak kumbang scarab dari Suez, dan permen Norman dari Saint-Étienne, Prancis—ditempatkan sejajar dengan kontrak komersial. Hal ini mencerminkan penekanan Konsensus tersebut pada hubungan antarmasyarakat.

Konsensus Ningbo menegaskan komitmen para peserta terhadap kerja sama industri yang lebih mendalam, perdagangan terbuka, dan pertukaran antarmasyarakat. Hal ini sejalan dengan semangat kebersamaan dalam membangun masa depan bersama bagi umat manusia, yang mendorong terciptanya dunia tempat kota-kota saling mendukung melalui rasa saling percaya dan kerja sama yang saling menguntungkan.

Dengan menghubungkan pelabuhan, rantai pasok, dan masyarakat—baik secara langsung maupun melalui platform digital—ke-20 kota tersebut menyampaikan pesan yang jelas: Keterbukaan dan konektivitas, bukan isolasi, tetap menjadi jalan paling pasti untuk meraih peluang bersama.