Stable Sea rozšířila nabídku na Stable Sea Terminal o dva tokenizované fondy WisdomTree, WTSIX a FLTTX, vedle stávajícího WTGXX. Firmám tak zpřístupňuje tři fondy registrované u SEC pro správu hotovosti s nízkými minimy.
WTSIX and FLTTX join WTGXX on Stable Sea Terminal, allowing eligible business users access to three tokenized, SEC-registered funds with low minimums via WisdomTree Securities, Inc.
, /PRNewswire/ -- Stable Sea today announced it is expanding its strategic relationship with WisdomTree (NYSE: WT), a global asset manager with more than $150 billion in assets under management, by adding two new tokenized funds to Stable Sea Terminal: the WisdomTree Short-Duration Income Digital Fund (WTSIX) and the WisdomTree Floating Rate Treasury Digital Fund (FLTTX). The newly added funds build upon current access to the WisdomTree Treasury Money Market Digital Fund (WTGXX) on Stable Sea Terminal that began in April 2026, giving finance teams a choice of tokenized, SEC-registered funds to manage operating cash directly inside their treasury workflow.
The Opportunity: Idle Cash Meets a Fast-Growing Market
US businesses collectively hold more than $5 trillion in cash and cash-equivalent accounts that generate minimal to no interest, even as the infrastructure to deploy that cash has matured significantly. Tokenized real-world assets (RWAs), led by U.S. Treasury and money market products, have grown from roughly $6 billion in early 2025 to more than $31 billion by mid-2026, according to industry tracker RWA.xyz, a more than fivefold increase in about 18 months. Tokenized Treasury and money market products alone now account for more than $15 billion of that total, as industry-leading asset managers, including WisdomTree, bring institutional-grade, SEC-registered products onchain.
Despite that growth, most of the benefit has flowed to large institutions, crypto-native firms, and high-net-worth investors. Businesses that fall outside of these sectors — those managing payroll, vendor payments, and working capital rather than a trading desk — have largely been left out, limited not by demand but by high investment minimums, multiple account requirements, and manual back-office processes.
"US businesses collectively hold more than $5 trillion in cash and cash equivalent accounts that earn minimal to no interest, and most of them have no simple way to change that," said Tanner Taddeo, CEO and Co-Founder of Stable Sea. "Adding WTSIX and FLTTX gives finance teams real choice — not just a single yield-bearing option, but a ladder of tokenized funds they can match to the cash flow needs of their business. That's the same kind of cash segmentation large treasury desks have used for decades, now available to any operator inside one platform."
WisdomTree Funds Accessible Through Stable Sea Terminal
Stable Sea Terminal gives finance teams a single cash management platform where they can choose to put idle cash to work across various tokenized funds. With this expansion, eligible Terminal users may choose among three tokenized WisdomTree funds, each with different investment objectives and characteristics:
WisdomTree Treasury Money Market Digital Fund (WTGXX) An SEC-registered money market fund investing in short-term, U.S. Treasury securities, with daily dividend accrual, a 0.25% expense ratio, $1 minimum and SEC yield (7-day) of 3.46%.* WisdomTree Floating Rate Treasury Digital Fund (FLTTX) An SEC-registered fund that seeks to track an index, before expenses, of floating-rate US Treasury obligations, with a 0.05% expense ratio, $25 minimum, and SEC yield (30-day) of 3.75%*. WisdomTree Short-Duration Income Digital Fund (WTSIX) An actively managed fund seeking income consistent with preservation of capital, with a 0.40% expense ratio, $25 minimum, and SEC yield (30-day) of 4.41%.* "Businesses of every size are looking for ways to put idle cash to work, and onchain yield-generation gives them access to financial products once reserved for institutional treasury desks," said Will Peck, Head of Digital Assets at WisdomTree. "Bringing WTSIX and FLTTX to the Stable Sea Terminal extends that access to a new audience, in a format built for how finance teams already operate, rather than asking them to adapt to new infrastructure."
Built To Allow Access for Businesses, Including those Historically Locked Out
High minimums have long put institutional-grade cash management out of reach for the smallest and least-resourced businesses; a gap that falls hardest on groups that already face steeper barriers to capital. Women-owned businesses, for example, typically start with roughly half the capital of male-owned peers ($75,000 vs. $135,000, on average), and are more likely to rely on personal savings and credit cards rather than a business line of credit to manage cash flow, according to Federal Reserve Small Business Credit Survey data cited by the National Women's Business Council. Despite this, women-owned businesses now number more than 14 million and generate an estimated $2.7 trillion in annual revenue.
"Women business owners already start with less capital and lean more heavily on personal savings and credit cards just to keep the lights on," said Corinne Goble, CEO of the Association of Women's Business Centers. "When institutional-grade cash management tools are gated behind six- and seven-figure minimums, the businesses that could benefit most from a few extra points of yield are the ones locked out of it. Lowering that floor so a $25 balance can potentially earn a similar yield as a $10 million one is a meaningful step toward leveling that playing field for the entrepreneurs our centers serve every day."
How It Works
Access to WTSIX and FLTTX is made available through the same integrated workflow Stable Sea already uses for WTGXX: eligible Stable Sea Terminal users establish a relationship with WisdomTree Securities, Inc., an SEC-registered broker-dealer, enabling them to place orders to buy or sell funds from the Stable Sea dashboard.
Stable Sea Terminal is available today. Businesses can sign up at stablesea.com to move, manage, and grow treasury capital, onchain and off, from a single platform.
Sign up at: stablesea.com
*Yield figures for WTGXX, FLTTX, and WTSIX are as of August 21, 2026, and are variable, not guaranteed, and will change with market conditions, including changes in interest rates and credit ratings. Performance data shown represents past performance and is no guarantee of future results. Current performance may be higher or lower than that quoted. Income and/or dividends are not guaranteed.
Carefully consider the investment objectives, risks, charges, and expenses of each Fund before investing. There are risks associated with investing, including possible loss of principal.
You could lose money by investing in the Funds. Although WTGXX seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so. An investment in the Funds is not a bank account and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The Funds' adviser is not required to reimburse the Funds for losses, and you should not expect that the adviser will provide financial support to the Funds at any time, including during periods of market stress.
WTGXX, FLTTX, and WTSIX are distributed by WisdomTree Securities, Inc., Member FINRA. Blockchain technology is a relatively new and untested technology, with little regulation; potential risks include vulnerability to fraud, theft, or inaccessibility, and future regulatory developments could affect its viability.
About Stable Sea
Stable Sea is the simplest way for global businesses to move, manage, and grow capital onchain and off. Stable Sea Terminal gives finance teams a single place to move capital via stablecoins, earn yield through tokenized real-world assets, and access institutional-grade digital assets — combining onchain efficiency with enterprise-grade controls. For more information, visit stablesea.com.
Stable Sea is not a broker-dealer, does not provide investment advice and does not determine which fund is appropriate for any customer.
About WisdomTree
WisdomTree is a global financial innovator, offering a diverse suite of exchange-traded products (ETPs), models and solutions, private market investments and digital asset-related products. Our offerings empower investors to shape their financial future and equip financial professionals to grow their businesses. Leveraging the latest financial infrastructure, we create products that emphasize access and transparency and provide an enhanced user experience. Building on our heritage of innovation, we offer next-generation digital products and services related to tokenized real-world assets and stablecoins, as well as our institutional platform, WisdomTree Connect™, and blockchain-native digital wallet, WisdomTree Prime®*, and have expanded into private markets through the acquisition of Ceres Partners' U.S. farmland platform.
* The WisdomTree Connect institutional platform and WisdomTree Prime digital wallet and digital asset services are made available through WisdomTree Digital Movement, Inc., a federally registered money services business, state-licensed money transmitter and financial technology company (NMLS ID: 2372500) or WisdomTree Digital Trust Company, LLC, and may be limited where prohibited by law. WisdomTree Digital Trust Company, LLC is chartered as a limited purpose trust company by the New York State Department of Financial Services to engage in virtual currency business. Visit https://wisdomtreeconnect.com, https://www.wisdomtreeprime.com or the WisdomTree Prime mobile app for more information.
WisdomTree currently has approximately $197.3 billion in assets under management globally, inclusive of assets managed by Ceres Partners, LLC as of the last reportable period.
WisdomTree Securities, Inc. serves as distributor to the Funds and as an application way broker-dealer and it does not provide investment advice and does not determine which fund is appropriate for any customer. For more information about WisdomTree, WisdomTree Connect and WisdomTree Prime, visit: https://www.wisdomtree.com.
Please visit us on X at @WisdomTreeNews.
WisdomTree® is the marketing name for WisdomTree, Inc. and its subsidiaries worldwide.
PRODUCTS AND SERVICES AVAILABLE VIA WISDOMTREE CONNECT AND WISDOMTREE PRIME:
NOT FDIC INSURED | NO BANK GUARANTEE | NOT A BANK DEPOSIT | MAY LOSE VALUE | NOT SIPC PROTECTED | NOT INSURED BY ANY GOVERNMENT AGENCY
The products and services available through WisdomTree Connect and the WisdomTree Prime app are not endorsed, indemnified or guaranteed by any regulatory agency.
About the Association of Women's Business Centers
The Association of Women's Business Centers (AWBC) is a national 501(c)(3) organization and the leading voice and resource for igniting the economic power of women's entrepreneurship. AWBC advocates for and supports a network of more than 140 Women's Business Centers (WBCs) across the United States. Through this network, entrepreneurs receive access to free coaching, networking opportunities, small business resources, training, and other tools to help them start, grow, and succeed.
Předseda představenstva a generální ředitel Sea Limited Li Xiaodong prodal asi 1,1 milionu akcií za 137,3 milionu USD v rámci plánu Rule 10b5-1. Prodej přišel po silném čtvrtletí, kdy tržby vzrostly o 48 % na 7,8 miliardy USD.
Li Xiaodong, the chairman and CEO of Sea Limited (SE -1.12%), reported a sale of about 1.1 million Class A ordinary shares on August 11, according to a recent SEC Form 4 filing.
Transaction summaryMetricValueShares sold~1.1 millionTransaction value$137.3 millionTransaction value based on SEC Form 4 weighted average sale price ($129.80); post-transaction value based on the August 11 market close ($131.51).
Key questionsHow does the transaction timing relate to the stock's performance?
The sale occurred while the stock was priced at $129.80 per share; shares have fallen over 30% this past year.Who manages the indirect equity involved in this filing?
About 288,000 remaining indirectly held shares are maintained through a BVI entity. This entity was also the vehicle for the current disposition of ~1.1 million shares, emphasizing the insider's use of separate legal structures for portfolio management.Is this activity part of a broader liquidity strategy?
The use of a Rule 10b5-1 plan, adopted nearly a year prior to execution, indicates the transaction was a structured liquidity event rather than a discretionary response to immediate market conditions or internal corporate developments.Company OverviewMetricValueShare Price (as of market close 2026-08-12)$128.11Market Capitalization$70 billionRevenue (TTM)$25.2 billionNet Income (TTM)$1.6 billionCompany SnapshotSea Limited operates a diversified digital platform ecosystem spanning digital entertainment through its Garena brand, e-commerce operations, and digital financial services across Southeast Asia, Latin America, and other international markets.The company generates revenue through multiple channels, including in-game monetization and eSports events within its gaming platform, transaction fees and marketplace commissions from e-commerce operations, and financial services offerings, including payments and lending solutions.Sea Limited serves a broad base of consumers and merchants across emerging markets, with particular strength in Southeast Asia, targeting digitally native users seeking gaming entertainment, online shopping, and financial services solutions.Sea Limited is a leading digital platform operator with a market capitalization of $70 billion, generating $25.2 billion in TTM revenue across three core business segments. The company leverages its diversified portfolio to capture multiple revenue streams within high-growth emerging markets, establishing a competitive moat through integrated digital services that drive cross-platform user engagement and ecosystem stickiness.
What this transaction means for investorsLi's sale ran on a plan set nearly a year ago, so its timing has nothing to do with the strong quarter that just landed, and the roughly 1.1 million shares that moved came through a BVI holding entity while he keeps far more. This is one of multiple Sea insiders trimming into the results, and none of it reads as conviction fading, given how the business is performing.
The quarter was a standout. Sea grew second-quarter revenue 48% to $7.8 billion, with all three arms firing, Shopee lifting e-commerce GMV to $38.3 billion, its Monee fintech unit growing revenue 59% as its loan book expanded 62% to $11.1 billion, and Garena bookings up 15%. Management reaffirmed its target of $1 billion in full-year Shopee profit. On the fintech engine, Li said Monee's risk improvements mean "each improvement helps us serve more users." For long-term investors, one caution worth holding is credit. Monee's loan book is growing fast, past $11 billion, including a push into Brazil, and while soured loans sit at just 1%, aggressive lending in newer markets is where a fast-growing fintech's risks tend to surface if the economy turns.
Jonathan Ponciano has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Sea Limited. The Motley Fool has a disclosure policy.
Key Takeaways Sea Limited's Q2 revenues rose 48.1% to $7.8B, led by strong growth at Shopee & Monee.Shopee revenues climbed 48.2%, while core marketplace revenues surged 65.6% on monetization gains.Higher marketing and credit-loss costs narrowed Sea Limited's operating margin to 8.4% from 9.3%. Sea Limited’s (SE - Free Report) adjusted earnings were 86 cents per share in the second quarter of 2026, missing the Zacks Consensus Estimate by 14%. On a reported basis, earnings per share rose 7.7% year over year to 70 cents.
Revenues of $7.8 billion increased 48.1% year over year and beat the Zacks Consensus Estimate by 6.39%, led by Shopee and Monee.
SE's Q2 Revenue Mix Leans on Shopee and MoneeService revenues increased 48.6% year over year to $7.13 billion, while sales of goods rose 42.8% to $657.7 million. The mix continued to favor services, which include e-commerce marketplace activity, digital financial services and gaming.
Gross profit advanced 47.3% to $3.55 billion. However, gross margin edged down to 45.6% from 45.8% a year earlier as total cost of revenues increased 48.7% to $4.24 billion.
Sea Limited's Shopee Monetization Gains StrengthE-commerce (Shopee) generated revenues of $5.59 billion, up 48.2% year over year in the reported quarter. Marketplace revenues rose 48.9% to $4.93 billion, supported by GMV growth and improved monetization.
Core marketplace revenues, mainly transaction-based fees and advertising, surged 65.6% to $4.26 billion. Value-added services revenues fell 9.0% to $676.4 million due to higher revenue net-off against shipping subsidies.
Gross orders rose 27.5% to 4.2 billion, while adjusted EBITDA increased 12.2% to $255.4 million. Average monthly active buyers increased 18% year over year, and purchase frequency rose 8%. Ad revenues grew more than 70%, with ad take rate improving by more than 90 basis points.
SE's Monee Loan Book Expands With Stable NPLsDigital Financial Services (Monee) revenues climbed 58.9% year over year to $1.40 billion, primarily reflecting growth in the credit business as lending activity increased. Adjusted EBITDA rose 12.8% to $288.0 million.
Consumer and SME loans principal outstanding reached $11.1 billion at quarter-end, up 62.5% year over year. The total included $10.0 billion of on-book loans and $1.1 billion of off-book loans. Loans past due by more than 90 days remained 1.0% of principal outstanding, stable sequentially. Management said it added around 5.3 million unique first-time borrowers during the quarter, while active credit users grew around 34% year over year to more than 40 million.
Sea Limited's Garena Posts Higher BookingsDigital Entertainment’s (Garena) revenues increased 33.5% year over year to $746.6 million, driven by a larger active user base and deeper paying-user penetration. Bookings grew 15.5% to $763.5 million.
Adjusted EBITDA advanced 16.7% to $429.8 million and represented 56.3% of bookings, up from 55.7% a year earlier. Quarterly paying users increased 10.2% to 68.1 million, lifting the paying-user ratio to 10.2% from 9.3%.
SE's Higher Spending Pressures Operating LeverageSales and marketing expenses jumped 64.5% year over year to $1.66 billion, reflecting higher spending across Shopee, Monee and Garena. Provision for credit losses increased 71.5% to $555.2 million as Monee's lending activities expanded.
Operating income still rose 33.3% to $650.3 million, but operating margin narrowed to 8.4% from 9.3%. Net income increased 10.6% to $458.1 million, while income tax expense climbed 74.0% to $250.6 million.
SE’s Balance Sheet & Cash FlowAs of June 30, 2026, Sea Limited had cash and cash equivalents of $3.53 billion, compared with $4 billion as of March 31, 2026.
During the second quarter, the company repurchased 4.7 million shares for $416.8 million under its $1 billion share repurchase program.
Net cash generated from operating activities totaled $2.56 billion for the first six months of 2026. SE reported $1.1 billion in cash from operating activities in the first three months of 2026.
Sea Limited's Shopee Outlook Stays FirmManagement remains confident in Shopee's full-year GMV growth outlook of around 25%, while acknowledging foreign-exchange headwinds and tougher GMV comparisons in the second half. The company is also optimistic that Shopee will reach $1 billion in adjusted EBITDA for 2026. Management said the competitive environment remained relatively stable, while fulfillment economics continued to improve quarter over quarter. It also sees further room to raise the overall take rate through advertising and seller efficiency.
SE’s Zacks Rank & Stocks to ConsiderCurrently, Sea Limited carries a Zacks Rank #4 (Sell).
Marvell Technology (MRVL - Free Report) , Analog Devices (ADI - Free Report) and NVIDIA (NVDA - Free Report) are some better-ranked stocks that investors can consider in the broader Zacks Computer and Technology sector. Each stock carries a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Marvell Technology’s shares have surged 155.5% year-to-date. MRVL is set to report its second-quarter fiscal 2027 results on Aug. 27, 2026.
Analog Devices’ shares have gained 41.8% year-to-date. ADI is scheduled to report its third-quarter fiscal 2026 results on Aug. 19.
NVIDIA shares have returned 19.8% year-to-date. NVDA is scheduled to report its second-quarter fiscal 2027 results on Aug. 26, 2026.
Sea Limited po výsledcích vyskočila, ale upravený EPS 0,7 USD zaostal za odhadem 0,83 USD. Firma zároveň zvýšila celoroční výhled upravené EBITDA pro Shopee na 1 miliardu USD, z předchozího minima 881 milionů USD.
Sea Limited (SE) stock soared on Tuesday morning after the tech conglomerate posted better-than-expected Q2 revenue and raised its guidance for the full year.
Management now expects $1 billion in adjusted EBITDA from Shopee – up from a previous floor for $881 million – while expectations for GMV growth have been reaffirmed at 25%.
Still, a deeper dive into the earnings release points to more than a few pockets of weakness, which should make investors consider taking profit in Sea Limited shares that are now up more than 60% versus their year-to-date low.
Caution is warranted in sticking with SE shares at current levels mostly because bullish guidance is masking the adjusted EPS miss.
While revenue went up, earnings came in at $0.7 per share on an adjusted basis, significantly below $0.83 that analysts had called for.
This reveals a key vulnerability: top-line sales growth is requiring meaningfully higher operational expenditures.
Adjusted EBITDA for the quarter ($917 million) actually dropped sequentially from Q1 (just over $1 billion), indicating profit margins are compressing under heavy spending on user acquisition, logistics infrastructure, and AI tools.
Sea's financial services wing, Monee, grew its loan book by 62.5% year-over-year to $11.1 billion.
However, expanding a digital credit portfolio this fast in emerging markets carries elevated default risk; provisions for credit losses surged 71.5% year-over-year to $555.2 million.
A conservative view holds that Sea is basically buying top-line fintech growth by extending looser credit, exposing it to potential non-performing loan spikes if macroeconomic conditions weaken across Southeast Asia or Brazil.
This further makes Sea Limited stock a prime candidate to sell into the post-earnings strength today.
To fend off rivals like TikTok Shop, Lazada, and Temu, Shopee must maintain aggressive spending on subsidized shipping, seller rebates, and marketing.
Management raised Shopee's full-year Adjusted EBITDA guidance to $1 billion, but relative to its massive $38.3 billion in quarterly GMV, net EBITDA margins remain thin.
The core bear case is that e-commerce in Southeast Asia remains a low-margin race to the bottom where pricing power is strictly limited.
Meanwhile, Garena, the gaming segment, continues to act as the primary cash cow funding Shopee and Monee’s expansion.
Bookings came in up 15.5% in those businesses, but the performance remained disproportionately reliant on a single franchise (Free Fire).
Without a clear pipeline for new blockbuster titles, any slowdown in Free Fire’s active user base or monetization would starve the e-commerce and fintech arms of internal capital.
That said, Wall Street analysts rate Sea Limited at Strong Buy, with a bullish mean price target of just over $142.
Sea Limited za čtvrtletí končící v červnu 2026 zvýšila výnosy na 7,8 miliardy USD, meziročně o 45,6 %, a překonala odhady Wall Street o 6,39 %. EPS byl 0,86 USD, pod konsenzem 1,00 USD.
For the quarter ended June 2026, Sea Limited Sponsored ADR (SE - Free Report) reported revenue of $7.8 billion, up 45.6% over the same period last year. EPS came in at $0.86, compared to $0.85 in the year-ago quarter.
The reported revenue represents a surprise of +6.39% over the Zacks Consensus Estimate of $7.34 billion. With the consensus EPS estimate being $1.00, the EPS surprise was -14%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Sea Limited performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Revenue- Other Services: $50.77 million versus $48.94 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +9.2% change.Adjusted EBITDA- Unallocated expenses: $-9.75 million compared to the $-10.78 million average estimate based on two analysts.Adjusted EBITDA- Other Services: $-46.23 million versus $-20.84 million estimated by two analysts on average.View all Key Company Metrics for Sea Limited here>>>
Shares of Sea Limited have returned +3.7% over the past month versus the Zacks S&P 500 composite's +2.5% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
Singapurská technologická skupina Sea Limited, provozovatel e-commerce platformy Shopee, fintechu Monee a herní divize Garena, zveřejnila výsledky za druhý kvartál 2026. Tržby vzrostly meziročně o 48 % na 7,79 mld. USD a překonaly odhady trhu, stejně jako tržby všech tří hlavních divizí. Zisk na akcii ale mírně zaostal. Shopee by letos poprvé mělo dosáhnout mety 1 mld. USD v očištěném zisku EBITDA.
Výsledky společnosti Sea (SE) za 2Q 2026 2Q 2026 Konsensus 2Q 2026 2Q 2025 Tržby (mld. USD) 7,79 7,09 5,26 Čistý zisk (mld. USD) 0,46 -- 0,41 Zisk na akcii (EPS, USD/akcie) 0,70 0,72 0,65 Výsledky za 2Q Tržby vzrostly meziročně o 48,1 % na 7,79 mld. USD, přičemž konsensus trhu činil 7,09 mld. USD.
Tržby Shopee stouply o 48,2 % na 5,59 mld. USD (odhad 5,06 mld. USD). Tržby Monee vzrostly o 58,9 % na 1,40 mld. USD (odhad 1,31 mld. USD). Tržby Garena se zvýšily o 33,5 % na 746,6 mil. USD (odhad 666 mil. USD).
Hrubý zisk meziročně vzrostl o 47,3 % na 3,55 mld. USD.
Provozní zisk meziročně stoupl o 33,3 % na 650,3 mil. USD.
Očištěný zisk EBITDA se zvýšil o 10,6 % na 917,2 mil. USD, trh očekával 918,5 mil. USD.
Hrubá hotovostní pozice na konci června činila 10,3 mld. USD oproti 11,1 mld. USD na konci března. V rámci programu zpětných odkupů v objemu 1 mld. USD společnost ve 2Q odkoupila 4,7 mil. akcií za 416,8 mil. USD.
Shopee Největší e-commerce platforma v jihovýchodní Asii a na Tchaj-wanu a zároveň jedna z platforem v Brazílii Shopee zaznamenala meziroční růst hrubého objemu zboží (GMV) o 28,4 % na 38,3 mld. USD (odhad 37,44 mld. USD), hrubý počet objednávek stoupl o 27,5 % na 4,2 mld. Take rate (podíl tržeb na GMV) se meziročně zvýšil z 12,6 % na 14,6 %.
Tržby jádrového marketplace, tedy transakční poplatky a reklama, vzrostly o 65,6 % na 4,26 mld. USD. Naopak tržby z doplňkových služeb navázaných na logistiku klesly o 9,0 % na 676,4 mil. USD. Reklamní tržby podle společnosti stouply o více než 70 % a reklamní take rate se zvýšil o více než 90 bazických bodů.
Očištěný zisk EBITDA divize vzrostl o 12,2 % na 255,4 mil. USD, přičemž trh čekal 241,1 mil. USD. Průměrný počet měsíčně aktivních kupujících vzrostl o 18 % a frekvence nákupů o 8 %. Brazílie zůstala nejrychleji rostoucím trhem. Členská základna programu ShopeeVIP překročila na konci června 15 mil. uživatelů a tito zákazníci se v Asii podíleli na 24 % GMV.
Vývoj hrubého objemu zboží a počtu objednávek platformy Shopee, zdroj: Sea
Monee Divize digitálních finančních služeb Monee zaznamenala meziroční růst tržeb o 58,9 % na 1,40 mld. USD. Očištěný zisk EBITDA vzrostl o 12,8 % na 288,0 mil. USD, mírně pod odhadem trhu 296,5 mil. USD.
Úvěrové portfolio dosáhlo na konci června 11,1 mld. USD, což je meziroční růst o 62,5 %. Podíl úvěrů po splatnosti déle než 90 dní zůstal stabilní na 1,0 %.
Vývoj úvěrového portfolia a podílu úvěrů po splatnosti divize Monee, zdroj: Sea
Garena Herní divize Garena zaznamenala meziroční růst objednávek (bookings) o 15,5 % na 763,5 mil. USD. Očištěný zisk EBITDA stoupl o 16,7 % na 429,8 mil. USD.
Počet kvartálně aktivních uživatelů dosáhl 666,3 mil. a zaostal za odhadem 679,3 mil. Počet platících uživatelů naopak vzrostl o 10,2 % na 68,1 mil. (odhad 66,0 mil.). Tahounem zůstává hra Free Fire, která i v devátém roce existence přitahuje přes 100 mil. průměrných denně aktivních uživatelů. Garena zároveň ohlásila dva nové mobilní tituly postavené na globálně známých značkách: Palworld Online a Monster Hunter Outlanders.
Vývoj počtu aktivních uživatelů a podílu platících uživatelů divize Garena, zdroj: Sea
Výhled Společnost poskytla výhled ziskovosti Shopee, přičemž uvedla, že je optimistická ohledně dosažení mety 1 mld. USD očištěného zisku EBITDA za celý rok 2026. Dosud počítala s minimálně 880,6 mil. USD, konsensus trhu se pohyboval kolem 980,7 mil. USD.
Komentář CEO „Silná dynamika z prvního kvartálu pokračovala i ve druhém. Naše investice umožnily Shopee a Monee dále posilovat vedoucí postavení na trhu a zároveň zvyšovat penetraci mezi uživateli. Budeme i nadále obezřetně investovat do toho, abychom obsloužili více uživatelů a obsloužili je lépe, a rozšiřovali tak základnu pro ziskový růst do budoucna,“ uvedl generální ředitel Forrest Li.
Pohled analytiků Analytici z Bloomberg Intelligence uvedli, že očištěný zisk EBITDA divize Shopee je na cestě překonat konsensus poté, co vedení uvedlo, že v roce 2026 očekává dosažení 1 mld. USD, čímž překonává současný konsensus na úrovni 981 mil. USD. Tento optimistický výhled má podle analytiků být podpořen spíše silnější monetizací než omezením investic.
Analytici z Jefferies poznamenali, že výsledky ukazují lepší než očekávané hodnoty u klíčových ukazatelů, včetně celkových tržeb, tržeb z e-commerce a GMV Shopee.
Analytici z Vital Knowledge uvedli, že výsledky ukazují výrazně lepší tržby, ačkoliv zisk EBITDA byl jen zhruba v souladu s očekáváním kvůli slabším celkovým maržím EBITDA. Společnost nyní pro letošní rok očekává 1 mld. USD zisku EBITDA divize Shopee, což je nad předchozím výhledem minimálně 880,6 mil. USD a nad odhadem trhu.
Vývoj akcie Akcie společnosti Sea (SE) se obchodují na burze NYSE formou amerických depozitních certifikátů (ADR), přičemž jedno ADR odpovídá jedné podkladové akcii. V předburzovní fázi obchodování posilují o 7,09 % na 122,94 USD.
Sea Limited za první čtvrtletí zvýšila tržby o 46,6 % na 7,1 miliardy USD a upravená EBITDA poprvé přesáhla 1 miliardu USD. Růst táhly Shopee, Monee i Garena, ale Shopee čelí tlaku na marže a vyšším úvěrovým ztrátám.
Key Takeaways Sea's 28.6% three-month gain is supported by faster growth across Shopee, Monee and Garena.Shopee GMV rose 30.2%, while marketplace revenues climbed 61% and ad revenues jumped 80%.Sea faces pressure from lower Shopee EBITDA and a 65.1% increase in provisions for credit losses. Sea Limited (SE - Free Report) shares have gained 34.5% in past three months, supported by faster growth across Shopee, Monee and Garena. First-quarter results showed broad operating momentum, but the rally now faces a tougher test as spending and credit costs remain elevated.
The key question is whether Sea can convert rapid expansion into stronger profitability. Growth is visible across all three core businesses, while current valuation and Zacks signals argue for a more measured view after the recent advance.
Sea’s Three-Month Surge Has Fundamental SupportSea’s first-quarter revenues increased 46.6% year over year to $7.1 billion. Total adjusted EBITDA rose 9.3% to $1 billion, exceeding the $1 billion level for the first time.
All three core businesses remained profitable on an adjusted EBITDA basis. That breadth matters because the rally is being supported by more than Shopee alone, with Monee and Garena also contributing meaningfully to earnings.
Shopee Growth Gives SE More Room to MonetizeShopee gross merchandise value increased 30.2% to $37.3 billion, while gross orders rose 29.3% to 4 billion. Core marketplace revenues, mainly transaction-based fees and advertising, climbed 61% to $3.8 billion.
Advertising is becoming a larger monetization lever. Management said ad revenues increased 80% year over year, while higher buyer activity and purchase frequency expanded the base from which Shopee can generate marketplace fees.
Monee and Garena Broaden Sea’s Earnings BaseMonee revenues advanced 57.8% to $1.2 billion, while consumer and small-business loans principal outstanding reached $9.9 billion. Loans past due by more than 90 days remained 1.1% of principal outstanding.
Garena bookings rose 20.1% to $931.4 million and adjusted EBITDA increased 25.2% to $573.6 million. The improvement gives Sea another profit contributor alongside commerce and financial services.
SE Still Faces Margin and Credit-Cost PressureShopee adjusted EBITDA fell to $223.2 million from $264.4 million despite rapid gross merchandise value growth. Higher investment in delivery, fulfillment, the Shopee VIP membership program and user acquisition weighed on profitability.
Provision for credit losses increased 65.1% to $465.5 million as Monee expanded lending. Competition also remains demanding. MercadoLibre (MELI - Free Report) operates a major commerce and fintech ecosystem in Latin America, while Nu (NU - Free Report) is a large digital financial services platform across Brazil, Mexico and Colombia. Grab Holdings (GRAB - Free Report) challenges Sea Limited through digital financial services and ecosystem competition in Southeast Asia.
In the past three months, SE outperformed MercadoLibre, Nu and Grab Holdings, shares of which have returned 17%, 3.3% and 0.2%, respectively.
SE Price Performance
Image Source: Zacks Investment Research
Sea’s Valuation Leaves Room but Not Much CushionSE trades at 1.98X forward 12-month sales, below its five-year median of 2.25X and the Zacks Internet Software industry’s multiple of 4.06. That discount provides valuation support after the recent share-price gain.
SE Valuation
Image Source: Zacks Investment Research
Still, valuation alone may not sustain the rally. Further appreciation would depend more heavily on Sea maintaining high growth while improving margins and keeping credit quality under control.
SE’s Signals Temper the Momentum CaseSea’s business momentum remains constructive, but the recent stock advance has already raised the bar. The operating case is broadening, yet Shopee investment and faster credit-loss provisions leave execution risk in place.
The stock currently carries a Zacks Rank #4 (Sell). Sea also has a Growth Score of A, Momentum Score of B, Value Score of C and VGM Score of B. The favorable Growth and Momentum Scores support the company’s operating and price trends, but Style Scores complement rather than override the Zacks Rank. That combination suggests caution on the near-term rally despite the longer-term growth opportunities.
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Společnost Sea uzavřela partnerství s OpenAI, aby posílila AI funkce Shopee v e-commerce napříč jihovýchodní Asií a Brazílií. AI chatbot už vyřizuje asi 80 % dotazů a snižuje náklady na zákaznickou podporu zhruba o 30 % meziročně.
Key Takeaways Sea's OpenAI partnership targets AI-powered e-commerce across Southeast Asia and Brazil.Shopee's AI tools helped lift purchase conversion 14% year over year in the first quarter.Sea's AI chatbot handles about 80% of queries, cutting customer-service cost per contact around 30%. Sea Limited (SE - Free Report) has added a concrete artificial intelligence (AI) catalyst to Shopee through a strategic partnership with OpenAI. The June agreement targets AI-powered e-commerce across Southeast Asia and Brazil, broader access to ChatGPT and deeper developer engagement through Codex.
For investors, the opportunity is practical rather than purely promotional. Shopee already uses AI in search, recommendations, seller tools and customer service, giving Sea a base from which the OpenAI relationship could extend commerce functionality.
Sea’s OpenAI Deal Targets E-Commerce InnovationThe partnership is designed to bring OpenAI technology into markets where Shopee already operates at large scale. Shopee generated $37.3 billion of gross merchandise value in the first quarter of 2026, up 30.2% year over year, on 4 billion gross orders.
MercadoLibre (MELI - Free Report) operates a major online commerce and fintech ecosystem in Latin America. Alibaba (BABA - Free Report) owns Lazada, a leading e-commerce platform across six Southeast Asian markets. AI-enabled discovery and seller tools could become another way for Shopee to differentiate.
SE Could Extend AI Across Shopee Users and SellersThe Shopee App is now available in ChatGPT across Indonesia, Malaysia, the Philippines, Singapore, Thailand, Taiwan, Vietnam and Brazil. Users can discover Shopee products through conversational prompts before continuing the shopping journey on Shopee.
Sea also plans to broaden OpenAI access through ShopeeVIP and introduce ChatGPT for Business to eligible sellers. That expands the potential use cases from product discovery to listing creation, marketing content, customer service workflows and business automation.
Sea’s AI Center Adds Infrastructure Behind the PushSea established an Artificial Intelligence Centre of Excellence in Singapore in April with support from Digital Industry Singapore. The center is focused on foundational AI, scalable deployment and AI-native talent and operating models.
That infrastructure complements the OpenAI partnership. Sea said its Compass Max v3.5 foundation model and variants are already powering AI features across Shopee, indicating that the company is building both internal capabilities and external partnerships around the technology.
SE’s AI Opportunity Comes With Higher SpendingSea’s AI ambitions sit alongside a broader investment agenda. The AI center is expected to support research, engineering and product development, while Shopee is separately investing in delivery, fulfillment, the ShopeeVIP membership program and user acquisition.
Those investments have a near-term earnings cost. Shopee adjusted EBITDA declined to $223.2 million in the first quarter from $264.4 million a year earlier, even as marketplace monetization strengthened.
Sea Must Turn AI Investment Into Better EconomicsThe important test is whether AI improves engagement, monetization or operating efficiency. Sea said AI-powered search, recommendations and seller content tools supported a 14% year-over-year improvement in purchase conversion in the first quarter.
There are already efficiency signals. About 80% of customer queries are handled by Sea’s AI chatbot, helping reduce customer-service cost per contact by around 30% year over year. Sustaining those gains while protecting Shopee profitability would strengthen the economic case for further AI deployment.
SE’s Ratings Keep the AI Story in PerspectiveThe OpenAI partnership adds a credible technology catalyst, but it does not remove near-term execution risk. Sea must continue converting higher Shopee activity and AI adoption into better unit economics while funding logistics, membership and user-acquisition initiatives.
The stock currently carries a Zacks Rank #4 (Sell). Sea also has a Growth Score of A, Momentum Score of B, Value Score of C and VGM Score of B. The favorable Growth and Momentum Scores point to attractive underlying characteristics, but the Style Scores complement rather than override the Zacks Rank, keeping the near-term investment view measured.
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Key Takeaways Sea Limited's Q2 earnings estimate implies 17.6% growth, with revenues expected to rise 36.82%.Shopee investments and higher credit-loss provisions likely pressured margins and earnings.AI adoption and Shopee's strong Brazil execution likely boosted efficiency, engagement and market share. Sea Limited (SE - Free Report) is scheduled to report second-quarter 2026 results on Aug. 11.
The Zacks Consensus Estimate for SE’s second-quarter earnings is pegged at $1.00 per share, unchanged over the past 30 days but revised down by 3 cents over the past 60 days. The estimate indicates year-over-year growth of 17.6% from the 85 cents per share reported in the year-ago quarter.
The Zacks Consensus Estimate for revenues is pegged at $7.34 billion, suggesting year-over-year growth of 36.82%.
Sea Limited’s earnings missed the Zacks Consensus Estimate in all the trailing four quarters, delivering an average negative surprise of 15.51%.
Let us see how things have shaped up for the upcoming announcement.
Factors Likely to Shape SE’s Q2 ResultsSea Limited’s aggressive investments in logistics, fulfillment, ShopeeVIP, AI capabilities and user acquisition are expected to have weighed on profitability in the second quarter of 2026. Management has reiterated that 2026 is a year for prioritizing growth-oriented investments aimed at further strengthening competitive advantage; however, they have also acknowledged that these initiatives are still in the early stages of improving unit economics. As a result, higher operating expenses are likely to have pressured Shopee’s margins during the quarter under review, even as revenue growth remained healthy.
Sea Limited’s rapidly expanding digital lending business is expected to have increased financial risk in the second quarter of 2026. While asset quality remained stable, the company continued to aggressively grow its loan portfolio across existing customers, new user segments and off-Shopee lending. This expansion was accompanied by a sharp rise in provision for credit losses, indicating higher costs associated with scaling the credit business. These elevated provisioning expenses likely continued to pressure earnings in the quarter under review despite strong lending growth.
However, Sea Limited’s growing AI adoption and strong execution in Brazil are anticipated to have supported second-quarter 2026 performance. AI-powered search, recommendations and content tools improved purchase conversion rates by 14%, while AI chatbots handled around 80% of customer queries, reducing customer service costs by roughly 30%. Meanwhile, Brazil remained Shopee’s fastest-growing profitable market, supported by improved delivery times, new fulfillment centers and rapid ShopeeMall expansion. Together, these initiatives are likely to have enhanced operating efficiency, customer engagement and market share in the upcoming announcement.
What Our Model Says About Sea Limited StockOur proven model does not conclusively predict an earnings beat for SE this time around. According to the Zacks model, the combination of a positive Earnings ESP and Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that is not the case here.
Sea Limited currently has an Earnings ESP of 0.00% and a Zacks Rank #4 (Sell). You can uncover the best stocks to buy or sell before they are reported with our Earnings ESP Filter.
Stocks to ConsiderHere are some companies worth considering, as our model shows that these have the right combination of elements to beat earnings in their upcoming releases:
Analog Devices (ADI - Free Report) currently has an Earnings ESP of +2.37% and carries a Zacks Rank #2. ADI shares have gained 39.3% in the year-to-date period. ADI is set to report its third-quarter fiscal 2026 results on Aug. 19. You can see the complete list of today’s Zacks #1 Rank stocks here.
Applied Materials (AMAT - Free Report) presently has an Earnings ESP of +1.52% and a Zacks Rank #2. AMAT shares have surged 107.9% in the year-to-date period. AMAT is set to report its third-quarter fiscal 2026 results on Aug. 13.
Kingsoft Cloud (KC - Free Report) has an Earnings ESP of +12.5% and a Zacks Rank #2 at present. KC shares have returned 21% in the year-to-date period. KC is slated to report its second-quarter 2026 results on Aug. 19.
Deep Sea Minerals po zásahu BCSC upřesnila, že NOAA zatím nevydala žádnou průzkumnou licenci ani povolení pro komerční těžbu na mořském dně. Zároveň stáhla videa a nechala upravit popis jednoho rozhovoru.
Vancouver, BC, July 27, 2026 (GLOBE NEWSWIRE) -- Deep Sea Minerals Corp. (CSE: SEAS) (OTCQB: DSEAF) (FSE: X450) (“Deep Sea” or the “Company”) announces that, as a result of a review by the British Columbia Securities Commission (“BCSC”) in connection with the Company’s short form base shelf prospectus, we are issuing the following press release related to our disclosure and promotional activities.
Various promotions disseminated from February 26 to July 10, 2026, pursuant to the Company’s engagements with Capital Gain Media Inc., Exvera Communications Inc., Global One Media Group Pte. Ltd., Investor News Inc. (“Investor News”), Stockhouse Publishing Ltd. D.B.A. The Market Link (“Market Link”) and The Wall Street Analyst, LLC referenced one or more of the following topics. Investors are directed to the Company's amended and restated annual information form for the year ended December 31, 2025, dated July 27, 2026 (the “A&R AIF”), a copy of which is available under the Company's SEDAR+ profile at www.sedarplus.ca, for comprehensive information relating to the matters described below, including the material assumptions, regulatory milestones, risks, uncertainties, costs, and operational requirements associated with each topic:
(i)
The Company's NOAA Application. The Company’s news release dated June 1, 2026, disclosed that the U.S. National Oceanic and Atmospheric Administration (“NOAA”) determined that the Company’s application for an exploration licence for a defined area of the Clarion-Clipperton Zone in the Pacific Ocean (the “NOAA Application”) under the Deep Seabed Hard Mineral Resources Act (the “DSHMRA”) was in substantial compliance with applicable U.S. regulatory requirements. The NOAA Application is an application by the Company’s wholly owned U.S. subsidiary, American Deep Sea Minerals Corp., for an exploration licence covering approximately 147,430 km² in the Clarion-Clipperton Zone. On May 26, 2026, NOAA determined the NOAA Application to be in substantial compliance with applicable regulatory requirements. On July 17, 2026, the Company submitted an amended application that it believes fully addresses NOAA's supplemental information requests. A substantial compliance determination is not a licence or any other authorization to commence offshore work. Before NOAA may issue an exploration licence, the NOAA Application remains subject to a full compliance determination, federal-agency consultation, antitrust review, a public comment period, certification, and preparation of a draft and final environmental impact statement and public hearings. See “Current Business” (including the milestone table) and “The Subsea Mineral Exploration and Development Industry – (b) Subsea Mineral Exploration and Development in International Waters” in the A&R AIF for further details.
(ii)
The Company’s Cook Islands Application. The Company has incorporated a wholly owned Cook Islands subsidiary, Deep Sea Minerals (Cook Islands) Limited, to advance an application for an exploration licence in the exclusive economic zone of the Cook Islands (the “Cook Islands Application” and, together with the NOAA Application, the “Applications”). The Company has not yet formally submitted the Cook Islands Application. The Cook Islands Seabed Minerals Authority (“CISBMA”) has indicated that it does not presently intend to accept further formal exploration licence applications until after the forthcoming Cook Islands election and parliament reconvenes and approves additional designated parcel blocks and areas for licensing. If and when submitted, the Cook Islands Application will be subject to a multi-step assessment process involving CISBMA, an independent licensing panel, the responsible minister, and Cabinet approval. See “Current Business” (including the milestone table) and “The Subsea Mineral Exploration and Development Industry – (c) Subsea Mineral Exploration and Development in Exclusive Economic Zones” in the A&R AIF for further details.
(iii)
The Company’s expectations regarding the timing of obtaining one or more subsea mineral exploration licences. Based on currently available information, the Company expects to submit the Cook Islands Application between Q3 2026 and Q1 2027, and anticipates that NOAA may issue an exploration licence in the range of Q4 2027, subject to completion of all required regulatory steps. These are estimates only and are subject to significant uncertainty. Actual timing will depend on, among other things, the outcome of NOAA's full compliance review, required environmental review and public processes, the timing of the Cook Islands election and government transition, and the availability of a licensing process in the Cook Islands. There can be no assurance that either Application will be approved, or that any exploration licence will be issued on acceptable terms or at all. See “Current Business” (including the milestone table), “Caution Regarding Forward-Looking Statements and Risk Factors”, and “Risk Factors” in the A&R AIF for further details.
(iv)
The Company’s intended future offshore operations. The Company does not currently hold any mineral rights or operating authority in any exclusive economic zone or international waters and has not commenced offshore operations. Offshore operations cannot proceed unless and until the Company obtains the applicable exploration licences and all required operational, vessel, safety, environmental, monitoring, and reporting approvals. The Company does not own and does not currently intend to own proprietary subsea mining technology or specialized marine equipment, and expects to rely on qualified third-party technology providers, marine contractors, and independent environmental and scientific consultants for any future offshore work. Revenue from commercial production, if ever achieved, may take up to an additional 10 years following the granting of concessions by host jurisdictions. See “Current Business”, “The Subsea Mineral Exploration and Development Industry – (b) Subsea Mineral Exploration and Development in International Waters”, “The Subsea Mineral Exploration and Development Industry – (c) Subsea Mineral Exploration and Development in Exclusive Economic Zones”, “Economic Dependence”, “Foreign Operations”, and “Risk Factors” in the A&R AIF for further details.
Additionally, various promotions were disseminated for or on behalf of the Company from February 26 to July 10, 2026, that may not have clearly or conspicuously disclosed that such promotions were disseminated for or on behalf of the Company. Some of these promotions omitted a fact necessary to make a particular statement or information not false or misleading, or otherwise included unsubstantiated statements. As a result, investors should assume that all disclosure about the Company during the period from February 26, 2026, to July 10, 2026, other than the Company’s continuous disclosure record available under the Company’s SEDAR+ profile at
www.sedarplus.ca, omitted a fact necessary to make a particular statement or information not false or misleading, or otherwise included unsubstantiated statements. In particular, each of the following statements, and statements similar thereto, among others, omitted a fact necessary to make it not false or misleading, or otherwise was unsubstantiated:
Statements that the Company is one of only a few public companies to have received a substantial compliance determination from NOAA regarding an application under NOAA's regulatory regime for subsea mineral rights in international waters. Statements relating to the projected demand for critical minerals attributed to the International Energy Agency (“IEA”) but which did not provide the specific underlying sources. Statements relating to historical pricing of copper, cobalt and other critical minerals but which did not provide the specific underlying sources. Statements indicating a three to five year timeframe for the Company to deliver its first cargo of polymetallic nodules were forward-looking and did not adequately identify the material assumptions and uncertainties underlying that timeframe. Statements indicating that The Metals Company Inc. (“TMC”) is currently the furthest ahead in the exploration efforts, having recently been approved for a licence by NOAA. Statements relating to the presence of 21 billion tonnes of polymetallic nodules in the Clarion-Clipperton Zone (“CCZ”) and 6.7 billion tonnes in the Cook Islands EEZ or otherwise including quantitative resource estimates contained in CCZ and Cook Islands’ EEZ but which did not provide the specific underlying sources. Statements that include quantitative resource estimates that were attributed to the United States Geological Survey (“USGS”) and a congressional study without identifying the specific underlying sources. Statements that the U.S. may soon authorize companies to commercially mine the seabed. At the request of the BCSC, the Company wishes to clarify such statements, as follows:
The Company’s belief that it is one of only a few publicly traded companies to have received a substantial compliance determination from NOAA regarding an application under NOAA’s regulatory regime for subsea mineral rights in international waters. The Company based this belief on public filings in Canada and the United States. However, public companies in other jurisdictions, or public companies in Canada and the United States for which a substantial compliance determination would not constitute a material fact or change requiring disclosure under applicable law, may have also submitted applications to NOAA for subsea mineral rights that NOAA has determined to be in substantial compliance. Statements relating to the projected demand for critical minerals attributed to the IEA should have referenced the IEA’s report entitled “Global Critical Minerals Outlook 2024”.1 Statements relating to historical prices for copper, cobalt and other critical minerals were based on publicly available commodity price data published by Trading Economics, including the historical price charts and data available for the applicable commodities.2 NOAA has not granted TMC an exploration licence or a commercial recovery permit. TMC’s combined application for an exploration licence and commercial recovery permit has been certified by NOAA as substantially compliant and remains subject to additional regulatory review and approvals.3 Quantitative resource estimates in the CCZ, whether or not attributed to the USGS, were obtained from the USGS.4 Quantitative resource estimates in the Cook Islands’ exclusive economic zone were obtained from a report entitled “Cook Islands Polymetallic Nodule Deposit” with an effective date of March 22, 2023, prepared for the Cook Islands Seabed Minerals Authority.5 Statements relating to the authorization of commercial seabed mining operations in international waters by the United States were made based on the Company’s analysis of recent regulatory and policy developments by the United States. The Company wishes to clarify that no commercial recovery permits have been granted under the NOAA regime. Investors are strongly encouraged to review the A&R AIF for comprehensive information relating to the Company, including the Company’s material assumptions underlying its expectations and other forward-looking information, and the significant uncertainties that could cause actual events to differ materially.
Furthermore, the following promotions have been disseminated on behalf of the Company: (i) a video entitled “Deep Sea Minerals: Why Seabed Mining Is Now an Investable Sector” and dated April 28, 2026 (the “Market Link Video”), pursuant to the Company’s engagement of Market Link, which was disclosed in the Company’s news release of April 1, 2026; (ii) a video entitled “Deep Sea Minerals ($SEAS | $DSEAF): The Emerging Commercial Reality of Seabed Mining” and dated April 30, 2026 (the “Global One Video”), pursuant to the Company’s engagement of Global One, which was disclosed in the Company’s news release of January 23, 2026; (iii) a public investor interview titled “Deep Sea Minerals’ James Deckelman on the Next Critical Minerals Frontier” and dated May 1, 2026 (the “Investor News Video #1” and, together with the Market Link Video and Global One Video, the “Videos”), pursuant to the Company’s engagement of Investor News; and (iv) a public investor interview entitled “James Deckelman on Deep Sea Minerals and the Strategic Push Into Seabed Critical Minerals” and dated March 3, 2026 (the “Investor News Video #2”), pursuant to the Company’s engagement with Investor News. Following a review by the BCSC and, at its request, the Company has: (i) instructed the relevant service providers to remove the Videos; and (ii) instructed Investor News to update the written description of the Investor News Video #2.
ABOUT DEEP SEA MINERALS CORP.
Deep Sea Minerals Corp. is a subsea mineral exploration and development company focused on evaluating opportunities to support the future supply of critical minerals through the acquisition, exploration, and development of deep-sea mineral assets.
The Company’s strategy is centered on identifying jurisdictions and geological settings with potential exposure to polymetallic nodule systems, which are recognized for containing combinations of metals that may be relevant to defense, industrial manufacturing, clean energy infrastructure, advanced electronics, and artificial intelligence-related supply chains. These seabed resources represent a largely undeveloped component of the global mineral supply base and are the subject of increasing policy, scientific, and regulatory attention worldwide.
As part of this process, the Company is advancing an application for an exploration licence under the NOAA regime for an area of the Clarion-Clipperton Zone in the Pacific Ocean, and has commenced early-stage engagement with other select governments and regulatory bodies in the Pacific Ocean region to assess potential pathways for future exploration initiatives, subject to applicable international, national, and environmental frameworks.
For further information, please see the A&R AIF, a copy of which is available under the Company’s profile on SEDAR+ at www.sedarplus.ca.
This news release contains certain forward-looking statements and forward-looking information (collectively, “forward-looking statements”) that relate to the Company’s current expectations and views of future events. In some cases, these forward-looking statements can be identified by words or phrases such as “may”, “might”, “will”, “expect”, “anticipate”, “estimate”, “intend”, “plan”, “indicate”, “seek”, “believe”, “predict” or “likely”, or the negative or grammatical variations of these terms, or other similar expressions intended to identify forward-looking statements, although not all forward-looking statements include such words. The Company has based these forward-looking statements on its current expectations and projections about future events and financial trends that it believes might affect its financial condition, results of operations, business, prospects and financial needs. Forward-looking statements contained in this news release include, but are not limited to, statements about: the Company’s plans and strategies, including the potential acquisition of subsea mineral exploration or exploitation rights; the Company's expectation that its amended NOAA Application fully addresses NOAA's supplemental information requests; the anticipated timing of a full compliance determination by NOAA and the anticipated timing of issuance of an exploration licence under the NOAA regime; the Company's expectation to submit the Cook Islands Application between Q3 2026 and Q1 2027; the anticipated timing of obtaining one or more subsea mineral exploration licences; the Company's intended future offshore operations and its expectation to rely on qualified third-party technology providers, marine contractors, and independent environmental and scientific consultants; and the potential timeline to revenue from commercial production.
This forward-looking information and other forward-looking information are based on our opinions, estimates and assumptions in light of our experience and perception of historical trends, current conditions and expected future developments, as well as other factors that we currently believe are appropriate and reasonable in the circumstances. Despite a careful process to prepare and review the forward-looking information, there can be no assurance that the underlying opinions, estimates and assumptions will prove to be correct. Material factors underlying forward-looking information and management’s expectations include certain assumptions in respect of, among other things: favourability of operating conditions; the receipt of necessary third party approvals, licences or permits on favourable terms; the result of any potential legal, regulatory or geopolitical conflict resulting from the United States asserting governance of subsea mineral exploration and development in international waters under the DSHMRA; the continued cooperation and alignment of national interests between the United States and the Cook Islands; the Cook Islands’ intention to grant mining licenses in the future; the availability of equipment; the availability of qualified vessel operators and marine contractors; our ability to obtain financing on acceptable terms; currency exchange and interest rates; the impact of competition; the changes and trends in our industry and the global economy; changes in laws, rules, regulations and global standards; our ability to build our market share; our ability to retain key personnel; transaction opportunities, exploration potential, and precious metals prices; the sufficiency of the Company's amended NOAA Application, submitted on July 17, 2026, in responding to the requests for supplemental information in NOAA's notice to the Company dated May 26, 2026; that NOAA will require no further information from the Company in order to determine the NOAA Application is in full compliance with applicable regulatory requirements; that the federal-agency consultation, antitrust review, public-comment, certification, environmental-review and hearing processes applicable to the NOAA Application will proceed generally in accordance with the indicative regulatory periods described in the A&R AIF; that NOAA will not identify material deficiencies relating to the Company's financial responsibility, technical capability, proposed exploration plan, environmental information, proposed licence area or other regulatory requirements that the Company is unable to address; that a licensing process or invitation will be available under the Cook Islands seabed minerals regime on terms allowing the Company to submit the Cook Islands Application; that the Company will be able to complete the technical, financial, environmental, corporate and work-program materials required for the Cook Islands Application within its anticipated timeframe; that the Company will be able to demonstrate access to sufficient financial resources, technical expertise, vessels, equipment, contractors and environmental capabilities to satisfy the applicable NOAA and Cook Islands regulatory requirements; that the Company will obtain sufficient financing to fund the regulatory, environmental, technical and offshore activities contemplated by its NOAA and Cook Islands work programs when required; that the Cook Islands election process and any related government transition will be completed without material delay; that following the election, the Cook Islands authorities will designate additional parcel blocks or areas for subsea mineral exploration and exploitation; and that there will be no material change in Cook Islands policy, legislation, licensing criteria or regulatory priorities following the election.
The forward-looking information in this news release is necessarily based on a number of opinions, estimates and assumptions that we considered appropriate and reasonable as of the date of the A&R AIF. It is also subject to known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information, including but not limited to the risk factors and uncertainties described under “Risk Factors” in the A&R AIF, as well as risks related to the highly speculative nature of the Company’s business; risks related to subsea mineral exploration and development operations; risks related to the Company’s limited business history and no history of earnings; risks related to the availability of future financing and the Company’s ability to continue as a going concern; risks related to the Company’s exploration and development activities on the mineral properties; uncertainties regarding the grade and quality of polymetallic nodules; uncertainties regarding the commercial collection of polymetallic nodules; negative perceptions regarding the collection of polymetallic nodules; pressure and lobbying by non-governmental organizations; uncertainties regarding our future reliance on strategic partnerships; uncertainties regarding technology required for our business; uncertainties regarding the treatment and processing of polymetallic nodules; natural hazards and seasonality; expropriation of potential future operating equipment or assets; technological obsolescence; the Company’s dependence on key personnel; risks related to foreign operations; risks related to acquisitions and integration; changes in laws and regulations; risks related to competition; fluctuations in prices of critical minerals, base and precious metals, other commodities and natural resources; legal and litigation risks; uncertainty and volatility related to stock market prices and conditions; dilution of the interests of shareholders; risks related to geopolitical disputes; risks related to the Company’s officers and directors becoming associated with other natural resource companies, which may give rise to conflicts of interest; risks related to climate change; and risks related to pandemics, epidemics or other health crises. With respect to the specific matters addressed in this news release, additional risks and uncertainties include: the risk that NOAA will not determine the NOAA Application to be in full compliance, will not preserve the Company's priority of right, or will not issue an exploration licence on acceptable terms or at all; the risk that the Cook Islands Application will not be submitted within the anticipated timeframe, will not be accepted as complete, or will not be approved; the risk that the Cook Islands election process or government transition will be delayed or result in material changes to Cook Islands seabed minerals policy, legislation or licensing criteria; the risk that the Company will be unable to demonstrate sufficient financial resources, technical expertise, vessels, equipment, contractors or environmental capabilities to satisfy applicable regulatory requirements; the risk that the Company will be unable to obtain sufficient financing to fund its planned regulatory, environmental, technical and offshore activities; and the risk that the Company's intended offshore operations will be delayed or prevented by regulatory, operational, environmental, financial or other factors. If any of these risks or uncertainties materialize, or if the opinions, estimates or assumptions underlying the forward-looking information prove incorrect, actual results or future events might vary materially from those anticipated in the forward-looking information. The risks, uncertainties, opinions, estimates and assumptions referred to above and described in greater detail under “Risk Factors” in the A&R AIF should be considered carefully by readers.
Although we have attempted to identify important risk factors that could cause actual results or future events to differ materially from those contained in forward-looking information, there may be other risk factors not presently known to us or that we presently believe are not material that could also cause actual results or future events to differ materially from those expressed in such forward-looking information. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information, which speaks only as of the date of this news release. The forward-looking information contained in this news release represents our expectations as of the date of this news release (or as of the date they are otherwise stated to be made), and is subject to change after such date. We disclaim any intention or obligation or undertaking to update or revise any forward-looking information whether as a result of new information, future events or otherwise, except as required under applicable Canadian securities legislation.
1 https://www.iea.org/reports/global-critical-minerals-outlook-2024
2 Trading Economics, “Copper – Price – Chart – Historical Data – News,” available at: https://tradingeconomics.com/commodity/copper; and “Cobalt – Price – Chart – Historical Data – News,” available at: https://tradingeconomics.com/commodity/cobalt
3 https://investors.metals.co/news-releases/news-release-details/noaa-certifies-tmc-usas-usa-b-exploration-license-application
4 https://www.usgs.gov/publications/deep-ocean-polymetallic-nodules-and-cobalt-rich-ferromanganese-crusts-global-ocean-new
5 www.sbma.gov.ck/s/CIMinRscRevt_final_b.pdf
July 27 (Reuters) - Italian luxury yacht maker Sanlorenzo (SNL.MI), opens new tab said on Monday it has backed a consortium's offer to acquire the entire business undertaking of peer the Italian Sea Group (TISGR.MI), opens new tab, which is undergoing insolvency proceedings, and plans to take a minority stake in the bidding vehicle.
Here are some details:
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The Italian Sea Group (TISG), which owns the Admiral, Tecnomar and Perini Navi yacht brands, said earlier this month its board had approved a filing under Italy's insolvency code after negotiations with clients stalled.
The move would allow the company to seek court protection while pursuing a restructuring plan and maintaining business continuity.
TISG shares rose last week after another yacht maker Azimut Benetti Chair Giovanna Vitelli said in an Italian daily the private company would be ready to acquire selected assets from the embattled group.
Massimo Perotti, chief executive of Sanlorenzo, said on Monday the company was participating in the bid to help "safeguard jobs, preserve strategic expertise and ensure the continuity of manufacturing activities that represent a vital asset for the local area".
TISG has a market capitalization of about €59.9 million ($68.11 million), according to LSEG data. Its shares have fallen 72% since the start of the year, and closed Monday at €1.13.
($1 = 0.8794 euros)
Reporting by Carlos Méndez in Mexico City; Editing by Shilpi Majumdar
Our Standards: The Thomson Reuters Trust Principles., opens new tab
Insider společnosti Sea Limited Yanjun Wang prodal 3 000 akcií třídy A v rámci předem stanoveného plánu. Akcie firmy jsou za poslední rok o 30 % níže, zatímco tržby v 1. čtvrtletí vzrostly o 47 % na 7,1 miliardy USD.
Yanjun Wang, the CCO and GC of Sea Limited (SE 4.62%), sold 3,000 Class A ordinary shares in an indirect transaction on July 14 and July 15, 2026, according to an SEC Form 4 filing.
Transaction summaryMetricValueTransaction value$332,310Shares sold (indirectly held)3,000Post-transaction shares (directly held)1,162,442Post-transaction shares (indirectly held)34,000Post-transaction value$133.24 millionTransaction value based on SEC Form 4 weighted average sale price ($110.77); post-transaction value based on July 15, 2026 market close ($111.36).
Key questionsWhat was the mechanism for this share disposal?
The transaction was executed via a British Virgin Islands entity under a Rule 10b5-1 trading plan established in March 2026. These plans allow insiders to schedule transactions in advance to mitigate concerns regarding the possession of material non-public information.What is the current scale of the insider's equity alignment?
Following this sale, Wang maintains significant exposure to the company through about 1.2 million directly held shares and 34,000 shares held indirectly. This position indicates a high degree of ongoing alignment with shareholder interests.How does the current activity relate to total holdings?
The sale of 3,000 shares liquidated only 0.25% of the insider's total beneficial ownership. This modest reduction suggests the transaction is a routine portfolio management event rather than a shift in institutional conviction.What is the recent performance context for the security?
As of July 15, 2026, the transaction date, the company has generated a one-year total return of -30%, providing a clinical backdrop to this pre-scheduled liquidity event.Company OverviewMetricValueShare Price (as of market close 2026-07-15)$111.36Market Capitalization$68.2 billionRevenue (TTM)$25.2 billionNet Income (TTM)$1.6 billionCompany SnapshotSea Limited operates three core business segments: digital entertainment through its Garena platform offering online games and eSports events, e-commerce operations serving consumers across Southeast Asia and Latin America, and digital financial services providing payment and fintech solutions to its customer base.The company generates revenue through multiple channels, including in-game purchases and advertising within its digital entertainment platform, transaction fees and commissions from e-commerce marketplace operations, and service fees from its digital financial services offerings.Sea Limited primarily serves digital-native consumers and merchants across Southeast Asia, Latin America, and other emerging markets, with a particular focus on mobile-first users in developing economies seeking gaming entertainment, online shopping, and financial services.Sea Limited is a diversified digital platform operator with a $68.2 billion market capitalization and TTM revenues of $25.2 billion, positioning it as a leading technology conglomerate in emerging markets. The company leverages its integrated ecosystem spanning entertainment, commerce, and fintech to capture multiple revenue streams while maintaining significant scale across geographically fragmented markets. Sea's competitive advantage derives from its multi-platform approach, deep regional expertise in Southeast Asia and Latin America, and ability to cross-monetize its user base across its three core business segments.
What this transaction means for investorsThis sale ultimately looks like another scheduled slice off the same plan that Wang’s been using to sell off every few days over a period of months. Wang sold through a BVI entity, and it’s worth noting that 3,000 shares clears just a quarter of a percent of her stake while she keeps more than 1.2 million shares. When an insider sells small, regular amounts on autopilot, as is the case here, the recurring nature is itself the tell: this is programmed diversification, not someone reacting to the stock's rough year. If anything, the louder signal points the other way, since Sea has been buying back its own shares under a $1 billion program.
The business keeps outrunning its stock. Sea's first-quarter revenue jumped 47% to $7.1 billion, and adjusted EBITDA topped $1 billion for the first time, powered by Shopee's record volume and a fast-growing lending arm. CEO Forrest Li framed 2026 as a year to lean into growth while holding financial discipline. Ultimately, for long-term investors, this recurring selling is noise. More important will be whether Shopee's profitability holds and whether the firm’s expanding SME loan book, which climbed 71% to nearly $10 billion, stays clean.
Jonathan Ponciano has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Sea Limited. The Motley Fool has a disclosure policy.
COO Ye Gang prodal 40 000 akcií Sea Limited za zhruba 4,4 milionu USD, ale po transakci stále drží 22,0 milionu akcií. Prodej byl předem naplánovaný v rámci plánu Rule 10b5-1.
COO Ye Gang disclosed a sale of 40,000 Class A ordinary shares of Sea Limited (SE 4.62%) for about $4.4 million in a SEC Form 4 filing.
Transaction summaryMetricValueTransaction value$4.4 millionShares sold40,000Post-transaction shares (total)22.0 millionPost-transaction shares (directly held)21.6 millionPost-transaction shares (indirectly held)360,000Post-transaction value$2.45 billionTransaction value based on SEC Form 4 weighted average sale price ($110.94); post-transaction value based on July 15, 2026 market close ($111.36).
Key questionsWhat was the structural nature of this transaction?
The sale was conducted indirectly through a BVI entity and exclusively involved Class A ordinary shares, leaving the insider's direct holdings of 21.6 million shares unchanged.Does this trade indicate a shift in management's outlook?
The disposition was pre-arranged through a Rule 10b5-1 trading plan established on September 4, 2025, which suggests the transaction was a routine liquidity event rather than a discretionary response to recent company developments.How does this move align with recent price action?
Shares of Sea Limited were priced at $111.36 as of the July 15, 2026 market close, following a 12-month period in which the consumer cyclical stock saw a -30% total return.What is the status of the insider's remaining equity?
Following the sale, Ye Gang retains a 4.0% ownership interest in the Singapore-based company, which operates in the specialty retail industry across Southeast Asia and Latin America.Company OverviewMetricValueShare Price (as of market close 2026-07-15)$111.36Market Capitalization$68.2 billionRevenue (TTM)$25.2 billionNet Income (TTM)$1.6 billionCompany SnapshotSea Limited operates three core business segments: digital entertainment through its Garena platform offering online games and eSports events, e-commerce operations serving consumers across Southeast Asia and Latin America, and digital financial services providing payment and fintech solutions to its customer base.The company generates revenue through multiple channels including in-game purchases and advertising within its digital entertainment platform, transaction fees and commissions from e-commerce marketplace operations, and service fees from its digital financial services offerings.Sea Limited primarily serves digital-native consumers and merchants across Southeast Asia, Latin America, and other emerging markets, with a particular focus on mobile-first users in developing economies seeking gaming entertainment, online shopping, and financial services.Sea Limited is a diversified digital platform operator with a $68.2 billion market capitalization and TTM revenues of $25.2 billion, positioning it as a leading technology conglomerate in emerging markets. The company leverages its integrated ecosystem spanning entertainment, commerce, and fintech to capture multiple revenue streams while maintaining significant scale across geographically fragmented markets. Sea's competitive advantage derives from its multi-platform approach, deep regional expertise in Southeast Asia and Latin America, and ability to cross-monetize its user base across its three core business segments.
What this transaction means for investorsThis filing shows a billionaire co-founder taking a sliver of pocket change off the table, so it’s not really a signal to chase. Ye scheduled the trade last September under a preset plan, and while $4.4 million sounds like a lot, it's a rounding error against his fortune: he still directly holds 21.6 million shares, roughly $2.4 billion worth, and keeps a 4% stake in the company he helped build. When someone this deeply invested sells a fraction of a percent on autopilot, it’s reasonable to view this as an example of personal financial planning, even with the stock down 30% over the past year.
He's also not the only insider selling small amounts lately, though all of it has run on plans set months ago while Sea itself buys back stock under a $1 billion program. Meanwhile, the business keeps outpacing the share price: first-quarter revenue jumped 47% to $7.1 billion, and adjusted EBITDA cleared $1 billion for the first time. CEO Forrest Li called 2026 a year to lean into growth. Second-quarter earnings due out next month will be the next big important signal to watch.
Jonathan Ponciano has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Sea Limited. The Motley Fool has a disclosure policy.
Insider společnosti Sea Limited Wang Yanjun prodal 3 000 akcií podle předem stanoveného plánu, zatímco si ponechal 1 162 442 akcií. Akcie jsou za poslední rok níže o 25 %.
Wang Yanjun, chief corporate officer and general counsel, reported a sale of 3,000 Class A ordinary shares in Sea Limited (SE 1.24%) on July 10, 2026 and July 13, 2026, according to an SEC Form 4 filing.
Transaction summaryMetricValueTransaction value$338,520Shares sold (indirectly held)3,000Post-transaction shares (directly held)1,162,442Post-transaction shares (indirectly held)37,000Post-transaction value$132.73 millionTransaction value based on SEC Form 4 weighted average sale price ($112.84); post-transaction value based on July 13, 2026 market close ($110.66).
Key questionsWhat was the structural context of this transaction?
The sale was executed pursuant to a pre-arranged Rule 10b5-1 trading plan adopted by a BVI entity controlled by Wang Yanjun on March 26, 2026. These plans allow insiders to sell shares at predetermined intervals to avoid concerns regarding material non-public information.How does this affect the insider's long-term alignment?
The transaction had a minimal impact on the insider's core position, as 97% of the total equity interest is held directly. Wang Yanjun continues to hold 1,162,442 shares directly, in addition to the remaining indirect interest held via the BVI entity.What is the recent performance context for the stock?
The shares were sold at a weighted average price of $112.84, while the company's stock has delivered a one-year return of -25% as of the July 13, 2026 market close.What is the broader ownership stake following this activity?
Post-transaction, the insider retains an ownership level of about 0.2% of the company's shares outstanding, maintaining a significant financial stake in the Singapore-based digital services firm.Company OverviewMetricValueShare Price (as of market close 2026-07-13)$110.66Market Capitalization$67.8 billionRevenue (TTM)$25.2 billionNet Income (TTM)$1.6 billionCompany SnapshotSea Limited operates a diversified digital platform ecosystem spanning digital entertainment through its Garena brand, e-commerce operations, and digital financial services across Southeast Asia, Latin America, and other international markets.The company generates revenue through multiple streams including in-game monetization and eSports events from its gaming platform, transaction fees and commissions from e-commerce operations, and financial services offerings including payments and lending products.Sea Limited serves a broad consumer base across emerging markets, targeting mobile-first users in Southeast Asia and Latin America who engage with gaming, online shopping, and digital financial services.Sea Limited is a leading digital platform operator in emerging markets with a market capitalization of $67.8 billion and TTM revenue of $25.2 billion, demonstrating significant scale across its diversified business segments. The company's integrated ecosystem approach—combining entertainment, commerce, and fintech—creates cross-selling opportunities and customer stickiness in high-growth regions. With 102,700 employees and operations spanning multiple geographies, Sea Limited leverages its technological infrastructure and regional market expertise to maintain competitive advantages in the digital services sector.
What this transaction means for investorsWang parted with 3,000 shares through a BVI entity under a plan set in March while holding onto more than 1.16 million shares directly, so this trims a sliver of a percent off her position. A general counsel selling a token amount on a preset schedule, especially with the stock down 25% over the past year, tells you nothing about the company's direction. If anything, the more notable insider signal is that Sea itself has been buying, repurchasing $168 million shares in the first quarter under a $1 billion program.
Meanwhile, the business has been faring better since tumbling at the end of last year. First-quarter revenue jumped 47% to $7.1 billion, and adjusted EBITDA topped $1 billion for the first time. Shopee's e-commerce volume hit a record $37.3 billion, the Monee fintech arm grew revenue 58% with its loan book up 71%, and Garena posted its best quarter since 2021. CEO Forrest Li framed 2026 as a year of leaning into growth while keeping financial discipline. Shares have risen more than 30% this past month alone.
For long-term investors, this insider transaction is effectively noise. The real questions are whether Sea’s profitability holds as the firm reinvests, and whether Monee's fast-growing loan book stays clean.
Jonathan Ponciano has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Sea Limited. The Motley Fool has a disclosure policy.
