Market Signal Briefing

, /PRNewswire/ -- VNET Group, Inc. (Nasdaq: VNET) ("VNET" or the "Company"), a leading carrier- and cloud-neutral internet data center services provider in China, today announced its unaudited financial results for the fourth quarter and full year ended December 31, 2025.

"We closed 2025 with strong full-year results, successfully achieving our 2025 delivery plan with a record 404MW delivered and exceeding guidance on both revenues and adjusted EBITDA," said Josh Sheng Chen, Founder, Executive Chairperson and Interim Chief Executive Officer of VNET. "Our wholesale IDC business maintained exceptional momentum, driven by strong customer demand and our proven ability to scale capacity rapidly and efficiently. Our order momentum remained robust, with a total of 135MW of new wholesale orders secured in the fourth quarter of 2025. As a leading player, we remain focused on reinforcing our core strengths and developing our scalable and high-performance data centers to capture the accelerating AI-driven demand. Moving forward, we will further advance our Hyperscale 2.0 framework to achieve sustainable, high-quality growth and create long-term value for all stakeholders."

Peter Zhihua Zhang, Senior Vice President, Operational Finance of VNET, commented, "In the fourth quarter of 2025, we continued to achieve high-quality growth amid strong AI-driven demand. Total net revenues increased 19.6% year-over-year to RMB2.69 billion, led by 47.1% year-over-year growth in wholesale revenues. Adjusted EBITDA increased 11.6% year-over-year to RMB805.1 million. For the full year, total net revenues increased 20.5% year-over-year to RMB9.95 billion, and adjusted EBITDA grew 22.6% to RMB2.98 billion, both exceeding our 2025 full year guidance. We remain committed to disciplined capital allocation, advancing capital recycling and other strategic initiatives to reinforce our financial foundation and support long-term sustainable growth. Looking ahead, we are confident in our strategic direction and well-positioned to leverage this strengthened foundation to deliver sustainable long-term value."

Fourth Quarter 2025 Financial Highlights

Total net revenues increased by 19.6% to RMB2.69 billion (US$384.2 million) from RMB2.25 billion in the same period of 2024. Net revenues from the IDC business[1] increased by 23.7% to RMB2.02 billion (US$288.3 million) from RMB1.63 billion in the same period of 2024. Net revenues from the wholesale IDC business ("wholesale revenues") increased by 47.1% to RMB978.1 million (US$139.9 million) from RMB665.2 million in the same period of 2024. Net revenues from the retail IDC business ("retail revenues") increased by 7.6% to RMB1.04 billion (US$148.5 million) compared with RMB964.8 million in the same period of 2024. Net revenues from the non-IDC business[2] increased by 8.8% to RMB670.8 million (US$95.9 million) from RMB616.5 million in the same period of 2024. Adjusted cash gross profit (non-GAAP) increased by 23.1% to RMB1.14 billion (US$162.7 million) from RMB923.9 million in the same period of 2024. Adjusted cash gross margin (non-GAAP) was 42.3%, compared with 41.1% in the same period of 2024. Adjusted EBITDA (non-GAAP) increased by 11.6% to RMB805.1 million (US$115.1 million) from RMB721.3 million in the same period of 2024. Adjusted EBITDA margin (non-GAAP) was 30.0%, compared with 32.1% in the same period of 2024. [1] IDC business refers to managed hosting services, which consists of wholesale IDC business and retail IDC business. Such categorization is based on the nature and scale of our data center projects.

[2] Non-IDC business consists of cloud services and VPN services.

Full Year 2025 Financial Highlights

Total net revenues increased by 20.5% to RMB9.95 billion (US$1.42 billion) from RMB8.26 billion in the full year of 2024. Net revenues from the IDC business increased by 28.5% to RMB7.43 billion (US$1.06 billion) from RMB5.78 billion in the full year of 2024. Wholesale revenues increased by 77.4% to RMB3.46 billion (US$494.9 million) from RMB1.95 billion in the full year of 2024. Retail revenues increased by 3.5% to RMB3.96 billion (US$566.9 million) from RMB3.83 billion in the full year of 2024. Net revenues from the non-IDC business increased by 1.8% to RMB2.52 billion (US$360.9 million) from RMB2.48 billion in the full year of 2024. Adjusted cash gross profit (non-GAAP) increased by 26.4% to RMB4.22 billion (US$603.2 million) from RMB3.34 billion in the full year of 2024. Adjusted cash gross margin (non-GAAP) was 42.4%, compared with 40.4% in the full year of 2024. Adjusted EBITDA (non-GAAP) increased by 22.6% to RMB2.98 billion (US$425.9 million) from RMB2.43 billion in the full year of 2024. Adjusted EBITDA margin (non-GAAP) was 29.9%, compared with 29.4% in the full year of 2024. Fourth Quarter 2025 Operational Highlights

Wholesale IDC Business

Capacity in service was 889MW as of December 31, 2025, compared with 783MW as of September 30, 2025, and 486MW as of December 31, 2024. Capacity under construction was 452MW as of December 31, 2025. Capacity utilized by customers reached 623MW as of December 31, 2025, compared with 582MW as of September 30, 2025, and 353MW as of December 31, 2024. The sequential increase during the fourth quarter of 2025 was 41MW, which was mainly contributed by the N-OR Campus 02A data center. Utilization rate[3] of wholesale capacity was 70.1% as of December 31, 2025, compared with 74.3% as of September 30, 2025, and 72.6% as of December 31, 2024. Utilization rate of mature wholesale capacity[4] was 93.1% as of December 31, 2025, compared with 94.7% as of September 30, 2025, and 95.6% as of December 31, 2024. Utilization rate of ramp-up wholesale capacity[5] was 31.7% as of December 31, 2025, compared with 37.6% as of September 30, 2025, and 34.0% as of December 31, 2024. Total capacity committed[6] was 848MW as of December 31, 2025, compared with 741MW as of September 30, 2025, and 479MW as of December 31, 2024. Commitment rate[7] for capacity in service was 95.3% as of December 31, 2025, compared with 94.7% as of September 30, 2025, and 98.7% as of December 31, 2024. Total capacity pre-committed[8] was 156MW and pre-commitment rate[9] for capacity under construction was 34.5% as of December 31, 2025. [3] Utilization rate is calculated by dividing capacity utilized by customers by capacity in service.
[4] Mature wholesale capacity refers to wholesale data centers with utilization rate at or above 80%.
[5] Ramp-up wholesale capacity refers to wholesale data centers with utilization rate below 80%.
[6] Total capacity committed represents capacity committed to customers under effective agreements.
[7] Commitment rate is calculated by dividing total capacity committed by total capacity in service.
[8] Total capacity pre-committed is capacity under construction pre-committed to customers under effective agreements.
[9] Pre-commitment rate is calculated by dividing total capacity pre-committed by total capacity under construction.

Retail IDC Business[10]

Capacity in service was 49,863 cabinets as of December 31, 2025, compared with 52,288 cabinets as of September 30, 2025, and 52,107 cabinets as of December 31, 2024. The decrease was primarily due to the deconsolidation of the target retail data center under the private REIT project issued in November 2025. Capacity utilized by customers was 31,906 cabinets as of December 31, 2025, compared with 33,907 cabinets as of September 30, 2025, and 33,068 cabinets as of December 31, 2024. Utilization rate of retail capacity was 64.0% as of December 31, 2025, compared with 64.8% as of September 30, 2025, and 63.5% as of December 31, 2024. Utilization rate of mature retail capacity[11] was 68.5% as of December 31, 2025, compared with 69.2% as of September 30, 2025, and 68.9% as of December 31, 2024. Utilization rate of ramp-up retail capacity[12] was 23.9% as of December 31, 2025, compared with 30.6% as of September 30, 2025, and 21.3% as of December 31, 2024. Monthly recurring revenue (MRR) per retail cabinet was RMB9,420 in the fourth quarter of 2025, compared with RMB8,948 in the third quarter of 2025 and RMB8,794 in the fourth quarter of 2024. [10] For retail IDC business, since the first quarter of 2024, we have excluded a certain number of reserved cabinets from the capacity in service. Reserved cabinets include those with limited utilization, those scheduled for closure, or those planned for upgrades. As of December 31, 2024, September 30, 2025, and December 31, 2025, 3,766, 3,791 and 3,791 reserved cabinets, respectively, were excluded from retail IDC utilization rate calculations.

[11] Mature retail capacity refers to retail data centers that came into service prior to the past 24 months.

[12] Ramp-up retail capacity refers to retail data centers that entered service within the past 24 months, or mature retail data centers that underwent improvements within the past 24 months.

Fourth Quarter 2025 Financial Results

TOTAL NET REVENUES: Total net revenues in the fourth quarter of 2025 were RMB2.69 billion (US$384.2 million), representing an increase of 19.6% from RMB2.25 billion in the same period of 2024. The year-over-year increase was mainly driven by the continued growth of our wholesale IDC business.

Net revenues from IDC business increased by 23.7% to RMB2.02 billion (US$288.3 million) from RMB1.63 billion in the same period of 2024. The year-over-year increase was mainly driven by an increase in wholesale revenues.

Wholesale revenues increased by 47.1% to RMB978.1 million (US$139.9 million) from RMB665.2 million in the same period of 2024. Retail revenues increased by 7.6% to RMB1.04 billion (US$148.5 million) from RMB964.8 million in the same period of 2024. Net revenues from non-IDC business increased by 8.8% to RMB670.8 million (US$95.9 million) from RMB616.5 million in the same period of 2024.

GROSS PROFIT: Gross profit in the fourth quarter of 2025 was RMB540.4 million (US$77.3 million), representing an increase of 7.0% from RMB504.9 million in the same period of 2024. Gross margin in the fourth quarter of 2025 was 20.1%, compared with 22.5% in the same period of 2024.

ADJUSTED CASH GROSS PROFIT (non-GAAP), which excludes depreciation and amortization, and share-based compensation expenses from gross profit, increased by 23.1% to RMB1.14 billion (US$162.7 million) in the fourth quarter from RMB923.9 million in the same period of 2024. Adjusted cash gross margin (non-GAAP) in the fourth quarter of 2025 was 42.3%, compared with 41.1% in the same period of 2024.

OPERATING EXPENSES: Total operating expenses in the fourth quarter of 2025 were RMB387.4 million (US$55.4 million), compared with RMB267.9 million in the same period of 2024.

Sales and marketing expenses were RMB73.6 million (US$10.5 million) in the fourth quarter of 2025, compared with RMB73.1 million in the same period of 2024.

Research and development expenses were RMB78.7 million (US$11.2 million) in the fourth quarter of 2025, compared with RMB56.1 million in the same period of 2024.

General and administrative expenses were RMB218.9 million (US$31.3 million) in the fourth quarter of 2025, compared with RMB193.0 million in the same period of 2024.

ADJUSTED OPERATING EXPENSES (non-GAAP), which exclude share-based compensation expenses from operating expenses, were RMB380.2 million (US$54.4 million) in the fourth quarter of 2025, compared with RMB229.6 million in the same period of 2024. As a percentage of total net revenues, adjusted operating expenses (non-GAAP) in the fourth quarter of 2025 were 14.1%, compared with 10.2% in the same period of 2024.

ADJUSTED EBITDA (non-GAAP), which exclude depreciation and amortization, and share-based compensation expenses from operating profit, was RMB805.1 million (US$115.1 million) in the fourth quarter of 2025, representing an increase of 11.6% from RMB721.3 million in the same period of 2024. Adjusted EBITDA margin (non-GAAP) in the fourth quarter of 2025 was 30.0%, compared with 32.1% in the same period of 2024.

NET INCOME/LOSS ATTRIBUTABLE TO VNET GROUP, INC.: Net income attributable to VNET Group, Inc. in the fourth quarter of 2025 was RMB304.7 million (US$43.6 million), compared with a net loss attributable to VNET Group, Inc. of RMB11.1 million in the same period of 2024. The year-on-year change is mainly attributable to (i) RMB469.8 million gain on deconsolidation of a subsidiary and (ii) RMB287.4 million in fair value gains on financial instruments, partially offset by RMB388.9 million in income tax expenses in the fourth quarter of 2025.

EARNINGS/LOSS PER SHARE: Basic earnings per share and diluted loss per share in the fourth quarter of 2025 were RMB0.17 (US$0.02) and RMB0.001 (US$0.00), respectively, which represents the equivalent of RMB1.02 (US$0.12) and RMB0.01 (US$0.00) per American depositary share ("ADS"), respectively. Each ADS represents six Class A ordinary shares. Diluted earnings/loss per share is calculated using adjusted net profit/loss attributable to ordinary shareholders divided by the weighted average number of diluted shares outstanding.

LIQUIDITY: As of December 31, 2025, the aggregate amount of the Company's cash and cash equivalents, restricted cash and short-term investments was RMB6.58 billion (US$941.1 million).

Total short-term debt, consisting of short-term bank borrowings and the current portion of long-term borrowings, was RMB3.23 billion (US$462.1 million). Total long-term debt was RMB16.72 billion (US$2.39 billion), comprised of long-term borrowings of RMB11.58 billion (US$1.66 billion) and convertible notes of RMB5.14 billion (US$734.8 million).

Net cash generated from operating activities in the fourth quarter of 2025 was RMB546.4 million (US$78.1 million), compared with RMB572.2 million in the same period of 2024. During the fourth quarter of 2025, the Company obtained new debt financing, refinancing facilities and other financings of RMB1.61 billion (US$230.8 million).

Full Year 2025 Financial Results

TOTAL NET REVENUES: Total net revenues in the full year of 2025 were RMB9.95 billion (US$1.42 billion), representing an increase of 20.5% from RMB8.26 billion in the full year of 2024.

Net revenues from IDC business increased by 28.5% to RMB7.43 billion (US$1.06 billion) from RMB5.78 billion in the full year of 2024.

Wholesale revenues increased by 77.4% to RMB3.46 billion (US$494.9 million) from RMB1.95 billion in the full year of 2024. Retail revenues increased by 3.5% to RMB3.96 billion (US$566.9 million) from RMB3.83 billion in the full year of 2024. Net revenues from non-IDC business increased by 1.8% to RMB2.52 billion (US$360.9 million) from RMB2.48 billion in the full year of 2024.

GROSS PROFIT: Gross profit in the full year of 2025 was RMB2.19 billion (US$313.5 million), representing an increase of 19.7% from RMB1.83 billion in the full year of 2024. Gross margin in the full year of 2025 was 22.0%, compared with 22.2% in the full year of 2024.

ADJUSTED CASH GROSS PROFIT (non-GAAP), which excludes depreciation and amortization, and share-based compensation expenses from gross profit, was RMB4.22 billion (US$603.2 million) in the full year of 2025, compared with RMB3.34 billion in the full year of 2024. Adjusted cash gross margin (non-GAAP) in the full year of 2025 was 42.4%, compared with 40.4% in the full year of 2024.

OPERATING EXPENSES: Total operating expenses in the full year of 2025 were RMB1.41 billion (US$201.9 million), compared with RMB1.16 billion in the full year of 2024.

Sales and marketing expenses were RMB279.2 million (US$39.9 million) in the full year of 2025, compared with RMB263.8 million in the full year of 2024.

Research and development expenses were RMB261.1 million (US$37.3 million) in the full year of 2025, compared with RMB246.6 million in the full year of 2024.

General and administrative expenses were RMB796.9 million (US$114.0 million) in the full year of 2025, compared with RMB659.0 million in the full year of 2024.

ADJUSTED OPERATING EXPENSES (non-GAAP), which exclude share-based compensation expenses from operating expenses, were RMB1.39 billion (US$198.4 million) in the full year of 2025, compared with RMB1.02 billion in the full year of 2024. As a percentage of total net revenues, adjusted operating expenses (non-GAAP) in the full year of 2025 were 13.9%, compared with 12.3% in the full year of 2024.

ADJUSTED EBITDA (non-GAAP) which exclude depreciation and amortization, and share-based compensation expenses from operating profit, was RMB2.98 billion (US$425.9 million) in the full year of 2025, representing an increase of 22.6% from RMB2.43 billion in the full year of 2024. Adjusted EBITDA margin (non-GAAP) was 29.9% in the full year of 2025, compared with 29.4% in the full year of 2024.

NET INCOME/LOSS ATTRIBUTABLE TO VNET GROUP, INC.: Net loss attributable to VNET Group, Inc. in the full year of 2025 was RMB251.8 million (US$36.0 million), compared with a net income attributable to VNET Group, Inc. of RMB183.2 million in the full year of 2024. The net loss in the full year of 2025 was primarily attributable to (i) income tax expenses of RMB557.5 million and (ii) a fair value loss on financial instruments of RMB314.3 million, partially offset by gain of RMB469.8 million on the deconsolidation of a subsidiary, while the net income in the full year of 2024 included a gain on debt extinguishment of RMB246.2 million.

LOSS PER SHARE: Basic and diluted loss per share in the full year of 2025 were both RMB0.16 (US$0.02), which is equivalent to RMB0.96 (US$0.12) per ADS. Each ADS represents six Class A ordinary shares. Diluted loss per share is calculated using adjusted net loss attributable to ordinary shareholders divided by the weighted average number of diluted shares outstanding.

LIQUIDITY: Net cash generated from operating activities in the full year of 2025 was RMB1.92 billion (US$274.3 million), compared with RMB2.01 billion in the full year of 2024. During the full year of 2025, the Company obtained new debt financing, refinancing facilities and other financings of RMB7.62 billion (US$1.09 billion).

Business Outlook

For the full year of 2026, the Company expects its total net revenues to be in the range of RMB11.5 billion to RMB11.8 billion, representing year-over-year growth of 15.6% to 18.6%, and adjusted EBITDA (non-GAAP) to be in the range of RMB3,550 million to RMB3,750 million, representing year-over-year growth of 19.2% to 25.9%. In addition, the Company expects capital expenditure to be in the range of RMB10 billion to RMB12 billion for the full year of 2026.

The forecast reflects the Company's current and preliminary views on the market and its operational conditions and is subject to change.

Conference Call

The Company's management will host an earnings conference call at 8:00 AM U.S. Eastern Time on Monday, March 16, 2026, or 8:00 PM Beijing Time on Monday, March 16, 2026.

For participants who wish to join the call, please access the links provided below to complete the online registration process.

English line:
https://s1.c-conf.com/diamondpass/10053457-whqrjy.html

Chinese line (listen-only mode):
https://s1.c-conf.com/diamondpass/10053458-y6okj5.html

Participants can choose between the English and Chinese options for pre-registration above. Please note that the Chinese option will be in listen-only mode. Upon registration, each participant will receive an email containing details for the conference call, including dial-in numbers, a conference call passcode and a unique access PIN, which will be used to join the conference call.

Additionally, a live and archived webcast of the conference call will be available on the Company's investor relations website at http://ir.vnet.com.

A replay of the conference call will be accessible through March 24, 2026, by dialing the following numbers:

US/Canada:

1 855 883 1031

Mainland China:

400 1209 216

Hong Kong, China:

800 930 639

International:

+61 7 3107 6325

Reply PIN (English line):

10053457

Reply PIN (Chinese line):

10053458

Non-GAAP Disclosure

In evaluating its business, VNET considers and uses the following non-GAAP measures defined as non-GAAP financial measures by the U.S. Securities and Exchange Commission as a supplemental measure to review and assess its operating performance: adjusted cash gross profit, adjusted cash gross margin, adjusted operating expenses, adjusted EBITDA and adjusted EBITDA margin. The presentation of these non-GAAP financial measures is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with U.S. GAAP. For more information on these non-GAAP financial measures, please see the table captioned "Reconciliations of GAAP and non-GAAP results" set forth at the end of this press release.

The non-GAAP financial measures are provided as additional information to help investors compare business trends among different reporting periods on a consistent basis and to enhance investors' overall understanding of the Company's current financial performance and prospects for the future. These non-GAAP financial measures should be considered in addition to results prepared in accordance with U.S. GAAP, but should not be considered a substitute for, or superior to, U.S. GAAP results. In addition, the Company's calculation of the non-GAAP financial measures may be different from the calculation used by other companies, and therefore comparability may be limited.

Exchange Rate

This announcement contains translations of certain RMB amounts into U.S. dollars ("USD") at specified rates solely for the convenience of the reader. Unless otherwise stated, all translations from RMB to USD were made at the rate of RMB6.9931 to US$1.00, the noon buying rate in effect on December 31, 2025, in the H.10 statistical release of the Federal Reserve Board. The Company makes no representation that the RMB or USD amounts referred to could be converted into USD or RMB, as the case may be, at any particular rate or at all. For analytical presentation, all percentages are calculated using the numbers presented in the financial statements contained in this earnings release.

Statement Regarding Unaudited Condensed Financial Information

The unaudited financial information set forth above is preliminary and subject to potential adjustments. Adjustments to the consolidated financial statements may be identified when audit work has been performed for the Company's year-end audit, which could result in significant differences from this preliminary unaudited condensed financial information.

About VNET

VNET Group, Inc. is a leading carrier- and cloud-neutral internet data center services provider in China. VNET provides hosting and related services, including IDC services, cloud services, and business VPN services to improve the reliability, security, and speed of its customers' internet infrastructure. Customers may locate their servers and equipment in VNET's data centers and connect to China's internet backbone. VNET operates in more than 30 cities throughout China, servicing a diversified and loyal base of over 7,000 hosting and related enterprise customers that span numerous industries ranging from internet companies to government entities and blue-chip enterprises to small- to mid-sized enterprises.

Safe Harbor Statement

This announcement contains forward-looking statements. These forward-looking statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "target," "believes," "estimates" and similar statements. Among other things, quotations from management in this announcement as well as VNET's strategic and operational plans contain forward-looking statements. VNET may also make written or oral forward-looking statements in its reports filed with, or furnished to, the U.S. Securities and Exchange Commission, in its annual reports to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about VNET's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: VNET's goals and strategies; VNET's liquidity conditions; VNET's expansion plans; the expected growth of the data center services market; expectations regarding demand for, and market acceptance of, VNET's services; VNET's expectations regarding keeping and strengthening its relationships with customers; VNET's plans to invest in research and development to enhance its solution and service offerings; and general economic and business conditions in the regions where VNET provides solutions and services. Further information regarding these and other risks is included in VNET's reports filed with, or furnished to, the U.S. Securities and Exchange Commission. All information provided in this press release is as of the date of this press release, and VNET undertakes no duty to update such information, except as required under applicable law.

Investor Relations Contact:

Xinyuan Liu
Tel: +86 10 8456 2121
Email: [email protected]

 VNET GROUP, INC. 

 CONSOLIDATED BALANCE SHEETS 

 (Amount in thousands of Renminbi ("RMB") and US dollars ("US$")) 

 As of 

 As of  

December 31, 2024

December 31, 2025

 RMB 

 RMB 

 US$ 

 Assets 

 Current assets: 

 Cash and cash equivalents 

1,492,436

5,523,571

789,860

 Restricted cash 

545,795

656,010

93,808

 Short-term Investments 

-

379,198

54,225

 Accounts and notes receivable, net 

1,655,984

2,222,106

317,757

 Amounts due from related parties 

336,360

429,411

61,405

 Prepaid expenses and other current assets 

2,789,573

2,241,570

320,542

 Total current assets 

6,820,148

11,451,866

1,637,597

 Non-current assets: 

 Restricted cash 

42,842

22,104

3,161

 Long-term investments, net 

794,688

1,062,660

151,958

 Property and equipment, net 

17,216,635

22,775,579

3,256,864

 Intangible assets,net 

1,403,787

2,004,710

286,670

 Land use rights, net 

766,213

867,765

124,089

 Operating lease right-of-use assets, net 

4,618,212

4,871,341

696,592

 Deferred tax assets, net 

306,623

251,572

35,974

 Derivative financial instrument 

6,768

11,185

1,599

 Other non-current assets 

381,126

1,275,380

182,377

 Total non-current assets 

25,536,894

33,142,296

4,739,284

 Total assets 

32,357,042

44,594,162

6,376,881

 Liabilities and Shareholders' Equity 

 Current liabilities: 

 Short-term bank borrowings 

589,000

1,172,561

167,674

 Current portion of long-term borrowings 

1,420,190

2,059,154

294,455

 Current portion of finance lease liabilities  

208,299

357,995

51,193

 Current portion of operating lease liabilities  

899,818

962,275

137,603

 Accounts and notes payable 

709,260

741,878

106,087

 Amounts due to related parties 

355,679

415,889

59,471

 Income taxes payable 

69,569

154,343

22,071

 Advances from customers 

1,378,806

933,920

133,549

 Deferred revenue 

87,830

138,671

19,830

 Current portion of deferred government grants 

6,727

51,062

7,302

 Accrued expenses and other payables 

3,618,237

5,459,465

780,693

 Total current liabilities 

9,343,415

12,447,213

1,779,928

 Non-current liabilities: 

 Long-term borrowings 

7,767,390

11,579,664

1,655,870

 Convertible notes 

1,897,738

5,138,664

734,819

 Non-current portion of finance lease liabilities  

1,532,309

1,643,713

235,048

 Non-current portion of operating lease liabilities 

3,779,293

4,001,047

572,142

 Unrecognized tax benefits 

107,850

118,734

16,979

 Deferred tax liabilities 

734,404

840,387

120,174

 Deferred government grants 

273,824

260,268

37,218

 Total non-current liabilities 

16,092,808

23,582,477

3,372,250

 Mezzanine equity: 

 Redeemable non-controlling interests 

-

1,711,591

244,754

 Total mezzanine equity 

-

1,711,591

244,754

 Shareholders' equity 

 Ordinary shares  

112

112

16

 Treasury stock 

(161,892)

(179,087)

(25,609)

 Additional paid-in capital 

17,298,692

17,360,323

2,482,493

 Statutory reserves 

107,380

116,316

16,633

 Accumulated other comprehensive (loss) income 

(18,504)

46,375

6,632

 Accumulated deficit 

(10,859,888)

(11,125,595)

(1,590,939)

 Total VNET Group, Inc. shareholders' equity 

6,365,900

6,218,444

889,226

 Noncontrolling interest 

554,919

634,437

90,723

 Total shareholders' equity 

6,920,819

6,852,881

979,949

 Total liabilities，mezzanine equity and shareholders' equity 

32,357,042

44,594,162

6,376,881

 VNET GROUP, INC. 

 CONSOLIDATED STATEMENTS OF OPERATIONS 

 (Amount in thousands of Renminbi ("RMB") and US dollars ("US$") except for number of shares and per share data) 

 Three months ended  

 Twelve months ended  

December 31, 2024

September 30, 2025

December 31, 2025

December 31, 2024

December 31, 2025

 RMB 

 RMB 

 RMB 

 US$ 

 RMB 

 RMB 

 US$ 

 Net revenues 

2,246,389

2,581,747

2,687,089

384,249

8,259,069

9,949,261

1,422,725

 Cost of revenues 

(1,741,533)

(2,042,718)

(2,146,705)

(306,975)

(6,426,914)

(7,756,772)

(1,109,204)

 Gross profit 

504,856

539,029

540,384

77,274

1,832,155

2,192,489

313,521

 Operating income (expenses) 

 Operating income 

98,869

12,767

14,670

2,098

114,585

27,755

3,969

 Sales and marketing expenses 

(73,088)

(71,328)

(73,564)

(10,520)

(263,756)

(279,201)

(39,925)

 Research and development expenses 

(56,098)

(71,295)

(78,665)

(11,249)

(246,612)

(261,133)

(37,342)

 General and administrative expenses 

(192,954)

(185,765)

(218,853)

(31,296)

(659,030)

(796,861)

(113,950)

 Allowance for doubtful debt 

(44,590)

(17,664)

(30,965)

(4,428)

(107,899)

(102,749)

(14,693)

 Total operating expenses 

(267,861)

(333,285)

(387,377)

(55,395)

(1,162,712)

(1,412,189)

(201,941)

 Operating profit 

236,995

205,744

153,007

21,879

669,443

780,300

111,580

 Interest income 

6,162

8,724

5,014

717

27,958

37,358

5,342

 Interest expense 

(77,125)

(151,017)

(189,447)

(27,091)

(400,975)

(598,625)

(85,602)

 Other income 

1,855

7,355

41,176

5,888

52,728

55,576

7,949

 Other expenses 

(10,185)

(5,525)

(4,971)

(711)

(27,290)

(18,433)

(2,636)

 Changes in the fair value of financial instruments 

(71,575)

(337,216)

287,384

41,095

(74,112)

(314,332)

(44,949)

 Gain on debt extinguishment 

-

-

-

-

246,175

-

-

 Gain on deconsolidation of a subsidiary 

-

-

469,838

67,186

-

469,838

67,186

 Foreign exchange (loss) gain  

(1,327)

16,174

(29,436)

(4,209)

(19,242)

5,523

790

 Income (loss) before income taxes and gain from equity method investments 

84,800

(255,761)

732,565

104,754

474,685

417,205

59,660

 Income tax expenses 

(82,547)

(21,467)

(388,933)

(55,617)

(234,229)

(557,510)

(79,723)

 Gain from equity method investments 

1,197

1,919

1,710

245

7,967

6,884

984

 Net income (loss) 

3,450

(275,309)

345,342

49,382

248,423

(133,421)

(19,079)

 Net income attributable to noncontrolling interests 

(14,546)

(16,471)

(20,056)

(2,868)

(65,223)

(67,518)

(9,655)

 Net income attributable to redeemable non-controlling interests 

-

(15,263)

(20,613)

(2,948)

-

(50,903)

(7,279)

 Net (loss) income attributable to the VNET Group, Inc. 

(11,096)

(307,043)

304,673

43,566

183,200

(251,842)

(36,013)

 Accretion to redemption amount of redeemable non-controlling interests 

-

(23)

(4,839)

(692)

-

(4,929)

(705)

 Net (loss) profit attributable to the Company's ordinary shareholders 

(11,096)

(307,066)

299,834

42,874

183,200

(256,771)

(36,718)

 Loss (earnings) per share 

 Basic 

(0.01)

(0.19)

0.17

0.02

0.11

(0.16)

(0.02)

 Diluted 

(0.01)

(0.19)

(0.00)

(0.00)

0.02

(0.16)

(0.02)

 Shares used in (loss) earnings per share computation 

 Basic* 

1,608,291,868

1,613,726,084

1,616,275,922

1,616,275,922

1,593,594,519

1,612,272,787

1,612,272,787

 Diluted* 

1,608,291,868

1,613,726,084

1,762,607,179

1,762,607,179

1,742,346,367

1,625,720,609

1,625,720,609

Loss (earnings) per ADS (6 ordinary shares equal to 1 ADS)

Basic

(0.06)

(1.14)

1.02

0.12

0.66

(0.96)

(0.12)

Diluted

(0.06)

(1.14)

(0.01)

(0.00)

0.12

(0.96)

(0.12)

 * Shares used in (loss) earnings per share/ADS computation were computed under weighted average method. 

 VNET GROUP, INC. 

 RECONCILIATIONS OF GAAP AND NON-GAAP RESULTS  

 (Amount in thousands of Renminbi ("RMB") and US dollars ("US$")) 

 Three months ended  

 Twelve months ended  

December 31, 2024

September 30, 2025

December 31, 2025

December 31, 2024

December 31, 2025

 RMB 

 RMB 

 RMB 

 US$ 

 RMB 

 RMB 

 US$ 

 Gross profit 

504,856

539,029

540,384

77,274

1,832,155

2,192,489

313,521

 Plus: depreciation and amortization 

414,364

511,334

596,766

85,336

1,500,348

2,024,390

289,484

 Plus: share-based compensation expenses 

4,652

384

507

73

4,886

1,196

171

 Adjusted cash gross profit 

923,872

1,050,747

1,137,657

162,683

3,337,389

4,218,075

603,176

 Adjusted cash gross margin 

41.1 %

40.7 %

42.3 %

42.3 %

40.4 %

42.4 %

42.4 %

 Operating expenses 

(267,861)

(333,285)

(387,377)

(55,395)

(1,162,712)

(1,412,189)

(201,941)

 Plus: share-based compensation expenses 

38,243

1,899

7,191

1,028

143,671

24,582

3,515

 Adjusted operating expenses 

(229,618)

(331,386)

(380,186)

(54,367)

(1,019,041)

(1,387,607)

(198,426)

 Operating profit 

236,995

205,744

153,007

21,879

669,443

780,300

111,580

 Plus: depreciation and amortization 

441,447

550,248

644,349

92,141

1,611,760

2,172,124

310,610

 Plus: share-based compensation expenses 

42,895

2,283

7,698

1,101

148,557

25,778

3,686

 Adjusted EBITDA 

721,337

758,275

805,054

115,121

2,429,760

2,978,202

425,876

 Adjusted EBITDA margin 

32.1 %

29.4 %

30.0 %

30.0 %

29.4 %

29.9 %

29.9 %

 VNET GROUP, INC. 

 CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS 

 (Amount in thousands of Renminbi ("RMB") and US dollars ("US$")) 

 Three months ended  

December 31, 2024

September 30, 2025

December 31, 2025

 RMB 

 RMB 

 RMB 

 US$ 

 CASH FLOWS FROM OPERATING ACTIVITIES 

 Net cash generated from operating activities 

572,236

809,817

546,424

78,136

 CASH FLOWS FROM INVESTING ACTIVITIES 

 Purchases of property and equipment 

(1,492,972)

(2,184,378)

(1,809,905)

(258,813)

 Purchases of intangible assets 

(82,693)

(37,074)

(91,438)

(13,075)

 Proceeds from (payments for) investments 

22,087

(5,000)

1,380,795

197,451

 Proceeds from disposal of a subsidiary, net 

-

-

755,964

108,101

 Proceeds from (payments for) other investing activities 

177,418

(62,689)

(791,034)

(113,116)

 Net cash used in investing activities 

(1,376,160)

(2,289,141)

(555,618)

(79,452)

 CASH FLOWS FROM FINANCING ACTIVITIES 

 Proceeds from bank borrowings 

1,240,147

1,867,856

1,537,209

219,818

 Repayments of bank borrowings 

(366,664)

(231,432)

(486,814)

(69,613)

 Payments for finance leases  

(25,789)

(44,824)

(84,359)

(12,063)

 Contribution from noncontrolling interest in subsidiaries 

-

250,657

702,659

100,479

  (Payments for) proceeds from other financing activities 

(62,448)

299,027

461,622

66,011

 Net cash generated from financing activities 

785,246

2,141,285

2,130,316

304,632

 Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash  

17,784

(808)

(673)

(96)

 Net (decrease) increase in cash, cash equivalents and restricted cash 

(894)

661,152

2,120,450

303,220

 Cash, cash equivalents and restricted cash at beginning of period 

2,081,967

3,420,083

4,081,235

583,609

 Cash, cash equivalents and restricted cash at end of period 

2,081,073

4,081,235

6,201,685

886,829

SOURCE VNET Group, Inc.

March 16, 2026 04:34 ET  | Source: Dimensional Fund Advisors Ltd

FORM 8.3

PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY
A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE
Rule 8.3 of the Takeover Code (the “Code”)

1.KEY INFORMATION   (a)Full name of discloser:Dimensional Fund Advisors Ltd. whose parent is Dimensional Fund Advisors LP, and also on behalf their investment advisory affiliates (“Dimensional”). The Dimensional entities are investment advisors and Dimensional expressly disclaims beneficial ownership of the shares described in this form 8.3. (b)Owner or controller of interests and short positions disclosed, if different from 1(a):
The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named.  (c)Name of offeror/offeree in relation to whose relevant securities this form relates:
Use a separate form for each offeror/offereeSpire Healthcare Group PLC (d)If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree:  (e)Date position held/dealing undertaken:
For an opening position disclosure, state the latest practicable date prior to the disclosure13 March 2026 (f)In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer?
If it is a cash offer or possible cash offer, state “N/A”N/a   2.POSITIONS OF THE PERSON MAKING THE DISCLOSURE   If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security. (a)Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any)   Class of relevant security:1p ordinary (GB00BNLPYF73)  InterestsShort Positions  Number%Number% (1)Relevant securities owned and/or controlled:12,154,3643.02 %   (2)Cash-settled derivatives:     (3)Stock-settled derivatives (including options) and agreements to purchase/sell:      Total12,154,364 *3.02 %   * Dimensional Fund Advisors LP and/or its affiliates do not have discretion regarding voting decisions in respect of 56,192 shares that are included in the total above.   All interests and all short positions should be disclosed.Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

     (b)Rights to subscribe for new securities (including directors’ and other employee options)   Class of relevant security in relation to which subscription right exists:  Details, including nature of the rights concerned and relevant percentages:    3.DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE   Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.The currency of all prices and other monetary amounts should be stated.

 (a)Purchases and sales   Class of relevant securityPurchase/saleNumber of securitiesPrice per unit 1p ordinary (GB00BNLPYF73)Purchase8,8671.8447 GBP 1p ordinary (GB00BNLPYF73)Sale20,2681.8423 GBP   (b)Cash-settled derivative transactions   Class of relevant securityProduct description e.g. CFDNature of dealing e.g. opening/closing a long/short position, increasing/reducing a long/short positionNumber of reference securitiesPrice per unit         (c)Stock-settled derivative transactions (including options) (i)Writing, selling, purchasing or varying Class of relevant securityProduct description e.g. call optionWriting, purchasing, selling, varying etc.Number of securities to which option relatesExercise price per unitType e.g. American, European etc.Expiry dateOption money paid/ received per unit          (ii)Exercise   Class of relevant securityProduct description e.g. call optionExercising/ exercised againstNumber of securitiesExercise price per unit         (d)Other dealings (including subscribing for new securities)        Class of relevant securityNature of dealing e.g. subscription, conversionDetailsPrice per unit (if applicable)        4.OTHER INFORMATION   (a)Indemnity and other dealing arrangements   Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the person making the disclosure and any party to the offer or any person acting in concert with a party to the offer:
Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state “none” None   (b)Agreements, arrangements or understandings relating to options or derivatives   Details of any agreement, arrangement or understanding, formal or informal, between the person making the disclosure and any other person relating to:
(i) the voting rights of any relevant securities under any option; or
(ii) the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced:
If there are no such agreements, arrangements or understandings, state “none” None   (c)Attachments   Is a Supplemental Form 8 (Open Positions) attached?NO   Date of disclosure16 March 2026 Contact nameThomas Hone Telephone number+44 20 3033 3419    Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.

The Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s disclosure requirements on +44 (0)20 7638 0129.

The Code can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk.

Energy shock from closure of Strait of Hormuz ripples around globe

Amphastar Pharmaceuticals, Inc. (AMPH) Barclays 28th Annual Global Healthcare Conference March 10, 2026 8:00 PM EDT

Company Participants

William Peters - CFO, Executive VP of Finance, Treasurer & Director
Dan Dischner - Senior Vice President of Human Resources & Corporate Communication

Conference Call Participants

Glen Santangelo - Barclays Bank PLC, Research Division

Presentation

Glen Santangelo
Barclays Bank PLC, Research Division

All right. Well, thank you. Good afternoon, everybody. Thank you for joining us. We're very excited to be hosting Amphastar Pharmaceuticals. To my right is Bill Peters, the CFO; and to his right is Dan Dischner, who's in charge of the Corporate Communications and some other things at Amphastar.

For those of you who don't know me, I'll introduce myself. I'm Glen Santangelo. I'm the analyst at Barclays that covers the spec pharma and animal health space, among some other things. And we're excited to have you both here today. So thank you for joining us.

William Peters
CFO, Executive VP of Finance, Treasurer & Director

Thank you for having us.

Dan Dischner
Senior Vice President of Human Resources & Corporate Communication

thanks for having us.

Question-and-Answer Session

Glen Santangelo
Barclays Bank PLC, Research Division

All right. Well, why don't we just sort of dive right into it. Bill, I think a great place to start is going to be talking about some of the highlights from the fourth quarter and really fiscal '25, maybe more broadly. Obviously, there were some positives in the year that I think we can discuss. But to be balanced, I think maybe even in the fourth quarter, there are a couple of products that maybe fell a little bit short of your expectations. And so why don't you maybe to level set us, just put all that in perspective and then we can sort of dive right in. And as part of that, I don't know there, you can emphasize maybe some

HYPROMAG USA AND INTELLIGENT LIFECYCLE SOLUTIONS COMMISSION INSERMA RARE EARTH MAGNET PRE-PROCESSING SYSTEM IN SOUTH CAROLINA

Commissioning of Inserma hard disk drive magnet pre-processing system at the ILS facility in Williston, South Carolina

Operational milestone advances U.S. rare earth magnet recycling platform and supports domestic supply chains for advanced manufacturing and AI infrastructure

The Williston site houses two automated mobile skid-mounted Inserma pre-processing units that separate magnet assemblies from end-of-life hard disk drives in approximately three seconds per drive, with combined capacity exceeding 60,000 drives per week.

CALGARY, AB / ACCESS Newswire / March 16, 2026 / Mkango Resources Ltd (AIM:MKA)(TSX-V:MKA) ("Mkango") is pleased to announce that HyProMag USA, LLC ("HyProMag USA" or the "Company"), a U.S. rare earth magnet recycling and manufacturing company, in partnership with global electronics recycling company Intelligent Lifecycle Solutions ("ILS"), hosted a commissioning event for the Inserma hard disk drive magnet separation system installed at the ILS facility in Williston, South Carolina on Friday 13 th March.

The commissioning marks an operational milestone in HyProMag USA's growing U.S. rare earth magnet recycling platform and represents the first stage of feedstock preparation supporting the Company's broader "hub-and-spoke" manufacturing strategy. Under this model, magnet-bearing materials are recovered and pre-processed at regional facilities before being supplied to HyProMag USA's planned rare earth magnet recycling and manufacturing hub in Dallas-Fort Worth, Texas.

The Williston facility forms part of HyProMag USA's broader U.S. development platform, which is expected to support the creation of approximately 90-100 skilled jobs across the Company's U.S. operations as facilities are developed and commissioned. At the Williston site, ILS is supporting the initial feedstock processing operations for HyProMag USA's magnet recycling platform, with four positions currently in place and plans to add approximately four additional roles as operations ramp up. The South Carolina facility will support the preparation of feedstock for HyProMag USA's planned rare earth magnet recycling and manufacturing hub [1] in Dallas-Fort Worth Texas.

Federal Support for Advanced Manufacturing

The commissioning event was attended by federal, state and regional leaders who highlighted the importance of expanding domestic capabilities in critical materials and advanced manufacturing.

"This investment demonstrates how South Carolina continues to attract innovative companies to build the technologies that will power the next generation of American manufacturing - creating jobs," said Congressman Joe Wilson. "Rare earth minerals are critical to our national security, and we must take control of our domestic manufacturing and supply chains to protect American interests."

Building a Domestic Rare Earth Magnet Supply Chain

"We're grateful to Congressman Wilson and the many state and local South Carolina leaders who joined us today to mark this important milestone," said Julian Treger, CEO of CoTec Holdings Corp. (supporting HyProMag USA). "Partnership and community support are essential as we work to establish a new domestic platform for rare earth magnet recycling and manufacturing in the United States. Through collaborations with companies like ILS and strong engagement with local stakeholders, HyProMag USA is building the feedstock supply chains and operational capabilities needed to support large-scale magnet production in the years ahead."

"We're proud to host this commissioning at our Williston facility and to work alongside HyProMag USA to advance rare earth magnet recycling in the United States," said Graham Davy, CEO, Intelligent Lifecycle Solutions. "By deploying advanced separation technology at this site, we're expanding our ability to recover critical materials from end-of-life electronics and prepare them for the next stage of recycling and manufacturing."

Local leaders and regional economic development partners also welcomed the project:

"On behalf of Barnwell County Council, I would like to welcome HyProMag USA to Barnwell County and thank them for choosing to partner with Intelligent Lifecycle Solutions here in the town of Williston," said Barnwell County Council Chairman Freddie Houston. "We look forward to working with you, and the county stands ready to assist in any way that we can. We wish you continued success and thank you for choosing Barnwell County to locate your operations."

"SouthernCarolina Alliance congratulates Barnwell County and Intelligent Lifecycle Solutions on this strategic partnership with HyProMag USA in rare earth magnet recycling, said SouthernCarolina Alliance President and CEO Danny Black. "The work that HyProMag USA and ILS are doing not only creates jobs and investment in our region, but also support sustainability, strengthens our environment and enhances national security. We welcome these critical recycling operations to our region, which support both innovation and a greener, safer future."

Momentum Toward U.S. Commercial Scale

The South Carolina operation forms part of HyProMag USA's broader development strategy to establish a scalable domestic rare earth magnet recycling and manufacturing platform. Separately, HyProMag's broader global magnet recycling platform is being developed through Maginito Limited, the parent company of HyProMag Limited, with partners including Mkango Resources, CoTec Holdings and Inserma. Recent deployments include Inserma units commissioned in the United Kingdom, with additional facilities planned in Germany. [2]

The Williston facility will focus on the recovery of neodymium-iron-boron ("NdFeB") magnets from end-of-life hard disk drives and other electronic equipment. The Inserma system separates magnet assemblies in approximately three seconds per drive. Each unit has the potential to process more than 30,000 hard disk drives per week on a single shift once fully operational, creating a scalable feedstock source for HyProMag USA's recycling platform.

This process represents an example of "urban mining," recovering valuable rare earth materials from end-of-life electronics and industrial equipment rather than extracting them through traditional mining. These materials are used across a wide range of technologies including electric vehicles, robotics, defense systems, advanced electronics, and rapidly expanding AI and data-center infrastructure.

HyProMag USA's planned facility in Dallas-Fort Worth, Texas will serve as the central hub of the Company's U.S. operations and is expected to create approximately 90-100 skilled jobs once operational. The facility will utilize HyProMag's patented Hydrogen Processing of Magnet Scrap ("HPMS") technology to recycle magnet materials recovered from facilities such as the Williston site.

Together with additional pre-processing operations planned in Nevada, the network is designed to support a scalable U.S. recycling ecosystem capable of supplying domestic manufacturers with critical materials needed for next-generation technologies.

As the platform expands, HyProMag USA expects to work closely with manufacturers, recyclers and infrastructure operators - including hyperscale data-center providers - to recover magnet-bearing components from end-of-life equipment and reintroduce them into domestic production.

The commissioning of the Inserma system in South Carolina represents an important operational step toward that broader vision.

About HyProMag USA

HyProMag USA is developing advanced rare earth magnet recycling and manufacturing operations to establish a secure domestic U.S. supply chain for NdFeB magnets, essential components for AI infrastructure, defense systems, robotics, electric vehicles, and advanced electronics. Leveraging the revolutionary HPMS technology, developed over 15 years by the Magnetic Materials Group at the University of Birmingham with more than $100 million in R&D investment, the Company delivers faster magnet-to-magnet short-loop recycling that uses 88% less energy and reduces carbon emissions by 85% compared to conventional methods. HPMS accepts a wide range of magnet-bearing feedstocks - including end-of-life EV motors, data-center, and industrial equipment, consumer electronics, and manufacturing scrap - enabling recovery of magnet-grade material without chemical processing. Selected by the U.S. Department of State as a Minerals Security Partnership project, HyProMag USA is targeting 10% of U.S. domestic magnet supply within five years, ensuring supply chain security and resilience for technologies critical to national defense and economic competitiveness.

Ownership

HyProMag USA LLC is owned 50:50 by CoTec and HyProMag Limited. HyProMag Limited is 100 per cent owned by Maginito Limited which is owned on a 79.4/20.6 per cent basis by Mkango Resources Ltd. (AIM/TSX-V: MKA) and CoTec.

About Mkango Resources Ltd.

Mkango is listed on the AIM and the TSX-V. Mkango's corporate strategy is to become a market leader in the production of recycled rare earth magnets, alloys and oxides, through its interest in Maginito, which is owned 79.4 per cent by Mkango and 20.6 per cent byCoTec, and to develop new sustainable sources of neodymium, praseodymium, dysprosium and terbium to supply accelerating demand from electric vehicles, wind turbines and other clean energy technologies.

Maginito holds a 100 per cent interest in HyProMag and a 90 per cent direct and indirect interest (assuming conversion of Maginito's convertible loan) in HyProMag GmbH, focused on short loop rare earth magnet recycling in the UK and Germany, respectively, and a 100 per cent interest in Mkango Rare Earths UK Ltd ("Mkango UK"), focused on long loop rare earth magnet recycling in the UK via a chemical route.

Maginito and CoTec are also rolling out HPMS recycling technology into the United States via the 50/50 owned HyProMag USA LLC joint venture company.

Mkango also owns the advanced stage Songwe Hill rare earths project in Malawi ("Songwe") and the Pulawy rare earths separation project in Poland ("Pulawy"). Both the Songwe and Pulawy projects have been selected as Strategic Projects under the European Union Critical Raw Materials Act. Mkango has signed a Business Combination Agreement with Crown PropTech Acquisitions to list the Songwe Hill and Pulawy rare earths projects on NASDAQ via a SPAC Merger under the name Mkango Rare Earths Limited.

For more information, please visit www.mkango.ca

For further information on Mkango, please contact:

Mkango Resources Limited

William Dawes Alexander Lemon
Chief Executive Officer President
[email protected]@mkango.ca

Canada: +1 403 444 5979
www.mkango.ca
@MkangoResources

Montfort Communications
Nick Miles, Ann-marie Wilkinson, Jack Hickman
UK: +44 20 3514 0897
[email protected]

SP Angel Corporate Finance LLP
Nominated Adviser and Joint Broker
Nominated Adviser and Joint Broker
Jeff Keating, Jen Clarke, Devik MehtaUK: +44 20 3470 0470

Alternative Resource Capital
Joint Broker
Alex Wood, Keith Dowsing

H&P Advisory Limited
Joint Broker
Andrew Chubb, Leif Powis, Jay Ashfield
UK: +44 20 7907 8500

Cautionary Note Regarding Forward-Looking Statements

This news release contains forward-looking statements (within the meaning of that term under applicable securities laws) with respect to Mkango. Generally, forward looking statements can be identified by the use of words such as "targeted", "plans", "expects" or "is expected to", "scheduled", "estimates" "intends", "anticipates", "believes", or variations of such words and phrases, or statements that certain actions, events or results "can", "may", "could", "would", "should", "might" or "will", occur or be achieved, or the negative connotations thereof. Readers are cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are based will occur. By their nature, forward-looking statements involve numerous assumptions, known and unknown risks and uncertainties, both general and specific, that contribute to the possibility that the predictions, forecasts, projections and other forward-looking statements will not occur, which may cause actual performance and results in future periods to differ materially from any estimates or projections of future performance or results expressed or implied by such forward-looking statements. Such factors and risks include, without limiting the foregoing, the availability of (or delays in obtaining) financing to develop Songwe Hill, and the various recycling plants in the UK, Germany and the US as well as the separation plant in Poland, governmental action and other market effects on global demand and pricing for the metals and associated downstream products for which Mkango is exploring, researching and developing, geological, technical and regulatory matters relating to the development of Songwe Hill, the various recycling plants in the UK, Germany and the US as well as the separation plant in Poland, the ability to scale the HPMS and chemical recycling technologies to commercial scale, competitors having greater financial capability and effective competing technologies in the recycling and separation business of Maginito and Mkango, availability of scrap supplies for recycling activities, government regulation (including the impact of environmental and other regulations) on and the economics in relation to recycling and the development of the various recycling and separation plants of Mkango and Maginito and future investments in the United States pursuant to the cooperation agreement between Maginito and CoTec, the outcome and timing of the completion of the feasibility studies, cost overruns, complexities in building and operating the plants, and the positive results of feasibility studies on the various proposed aspects of Mkango's, Maginito's and CoTec's activities. The forward-looking statements contained in this news release are made as of the date of this news release. Except as required by law, the Company disclaims any intention and assume no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law. Additionally, the Company undertakes no obligation to comment on the expectations of, or statements made by, third parties in respect of the matters discussed above.

The TSX Venture Exchange has neither approved nor disapproved the contents of this press release. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This press release does not constitute an offer to sell or a solicitation of an offer to buy any equity or other securities of the Company in the United States. The securities of the Company will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") and may not be offered or sold within the United States to, or for the account or benefit of, U.S. persons except in certain transactions exempt from the registration requirements of the U.S. Securities Act.

[1] https://hypromagusa.com/hypromag-usa-finalizes-long-term-lease-for-dallas-fort-worth-rare-earth-magnet-recycling-and-manufacturing-hub/

[2] https://mkango.ca/news/mkango-subsidiary-hypromag-commissions-second-uk-inserma-unit-for-rapid-automated-pre-processing-of-hard-disk-drives-and/

This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.

SOURCE: Mkango Resources Ltd.

, /PRNewswire/ -- OCI Global (Euronext: OCI), ("OCI") announced today that its wholly owned subsidiary OCI Chemicals B.V. has sold 3,331,346 common shares ("Shares") of Methanex Corporation ("Methanex"), representing approximately 4.3% of the issued and outstanding Shares (the "Disposition"). The sale price was US$51.80 per share, resulting in net proceeds of approximately US$172.6 million, after customary fees and expenses. The Disposition was made on 13 March 2026 as a block trade.

Immediately prior to the Disposition, OCI had beneficial ownership of, or control and direction over, 9,944,308 Shares, representing approximately 12.9% of the issued and outstanding Shares. As a result of the Disposition, OCI now owns or exercises control or direction over an aggregate of 6,612,962 Shares, representing approximately 8.6% of the issued and outstanding Shares.

A copy of the early warning report to be filed by OCI in connection with the Disposition will be available on Methanex's profile on SEDAR+ at www.sedarplus.ca. A copy may also be obtained by contacting OCI (details below).

About OCI Global

Learn more about OCI at www.oci-global.com. You can also follow OCI on LinkedIn.

Additional Information

OCI effected the Disposition for investment purposes. Depending on market conditions and other factors, including Methanex's business and financial condition, OCI may in future acquire securities of Methanex or sell some or all of the securities of Methanex that it may own at any such time.

Cautionary Statement on Forward-Looking Information

Certain information contained in this press release, including any information relating to OCI's investment in Methanex, constitutes "forward-looking statements". All statements, other than statements of historical fact, are forward-looking statements. The words "may" and "will" and similar expressions identify forward-looking statements. In particular, this press release contains forward-looking statements including, without limitation, with respect to the potential for OCI to acquire securities of Methanex in future or to dispose of some or all of such securities that OCI owns at any time. Forward-looking statements are necessarily based upon a number of assumptions, including material assumptions considered reasonable by OCI as at the date of this press release in light of management's experience and perception of current conditions and expected developments, and are inherently subject to significant business, economic, and competitive uncertainties and contingencies.

Many of these uncertainties and contingencies can affect our actual results and could cause actual results to differ materially from those expressed or implied in any forward-looking statements made by, or on behalf of, us. Readers are cautioned not to put undue reliance on forward-looking statements which are not guarantees of future events, and speak only as of the date made. All of the forward-looking statements made in this press release are qualified by these cautionary statements. OCI disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by applicable law.

SOURCE OCI Global

, /PRNewswire/ -- The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Snowflake Inc. ("Snowflake" or "the Company") (NYSE: SNOW) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.

Investors who purchased the Company's securities between June 27, 2023 and February 28, 2024, inclusive (the "Class Period"), are encouraged to contact the firm before April 27, 2026.

If you are a shareholder who suffered a loss, click here to participate.

We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at [email protected].

The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.

According to the Complaint, the Company made false and misleading statements to the market. Snowflake's tiered storage pricing and customer efficiency gains were likely to have a negative impact on revenues and consumption. The Company's positive comments about customer demand and potential revenues were not based in reality. Based on these facts, the Company's public statements were false and materially misleading throughout the class period. When the market learned the truth about Snowflake, investors suffered damages.

Join the case to recover your losses

The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.

CONTACT:

The Schall Law Firm
Brian Schall, Esq.,
www.schallfirm.com
Office: 310-301-3335
[email protected]

SOURCE The Schall Law Firm

Have you ever read a book or watched a movie where the end was better than the beginning? I think this year will have a similar plot for Nvidia (NVDA 1.56%).

2026 hasn't been great for the GPU stock so far. Nvidia's lackluster performance can be attributed to several factors, including concerns about AI infrastructure spending and geopolitical uncertainty. However, I think investors will have more to cheer about by December. I'll even step out on a limb and make a prediction: Nvidia's stock will soar 40% by the end of 2026.

Image source: Nvidia.

The coming Rubin rebound Why am I so optimistic about Nvidia's prospects over the next nine or so months? The company's upcoming launch of its Rubin GPU platform is one key factor.

As impressive as Nvidia's Blackwell chips are, Rubin will be even more powerful. The platform will deliver up to 10x lower inference token costs and require four times fewer GPUs to train mixture-of-experts (MoE) AI models compared with Blackwell.

I believe that the adoption of agentic AI will lay to rest most concerns about whether AI investments will pay off. Rubin is designed from the ground up to accelerate agentic AI. My hunch is that it will make chips based on the architecture a must-have for many companies.

Nvidia has already shipped samples of its first Vera Rubin chips, which combine the Vera CPUs with Rubin GPUs. The company is on track to begin production shipments in the second half of 2026.

If you doubt how highly anticipated Rubin is, just read what several top AI leaders have said about the platform. OpenAI CEO Sam Altman, Anthropic co-founder and CEO Dario Amodei, and several "Magnificent Seven" executives, including Alphabet (GOOG 0.56%) (GOOGL 0.42%) CEO Sundar Pichai, are among those who have expressed enthusiasm.

Perhaps the highest praise, though, came from Elon Musk, who stated that "Rubin will be a rocket engine for AI." Musk added, "If you want to train and deploy frontier models at scale, this is the infrastructure you use -- and Rubin will remind the world that Nvidia is the gold standard."

Sovereign support Rubin isn't the only reason why I expect a strong performance from Nvidia by year-end, though. The chipmaker should also have strong support from its sovereign AI business.

Sovereign AI is where nations use their own data, infrastructure, and other resources to develop and control AI systems rather than relying on foreign or third-party technology. With so much global uncertainty, it's understandable why countries would want this capability.

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In fiscal year 2026, Nvidia's sovereign AI sales more than tripled year over year to over $30 billion. Canada, France, the Netherlands, Singapore, and the U.K. were the primary drivers of this growth.

Nvidia recently announced a key partnership with Palantir Technologies (PLTR 1.66%) related to sovereign AI. The two tech companies will deliver a turnkey AI datacenter solution that combines Nvidia's Blackwell GPUs with Palantir's software. This initiative should further establish Nvidia as the strongest player in the sovereign AI hardware space.

Wall Street concurs I didn't look to Wall Street to make my prediction. However, I wasn't surprised to learn that many analysts are as bullish about Nvidia as I am.

All but two of the 58 analysts surveyed by S&P Global (SPGI +0.67%) this month rated Nvidia as a "buy" or "strong buy." The consensus 12-month price target for Nvidia reflects a potential upside of roughly 45%. Some Wall Street firms, including Bernstein and Cantor Fitzgerald, have even loftier expectations.

Could my prediction -- and Wall Street analysts -- be wrong about Nvidia? Sure. Perhaps the conflict with Iran will ultimately lead to a stock market crash, bringing Nvidia's shares down with the rest of the market. However, I'm not that pessimistic. The chances that Nvidia will deliver exceptional gains this year despite its rocky start seem to be quite good, in my opinion.

, /PRNewswire/ -- The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Soleno Therapeutics, Inc. ("Soleno" or "the Company") (NASDAQ: SLNO) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.

Investors who purchased the Company's securities between March 26, 2025 and November 4, 2025, inclusive (the "Class Period"), are encouraged to contact the firm before May 5, 2026.

If you are a shareholder who suffered a loss, click here to participate.

We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at [email protected].

The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.

According to the Complaint, the Company made false and misleading statements to the market. Soleno downplayed evidence of safety concerns revealed by its Phase 3 clinical trial of diazoxide choline extended-release tablets ("DCCR"). The Company's DCCR treatment suffered from greater safety risks than it had disclosed. The Company's DCCR had lower commercial viability and heightened risk of adverse events. Based on these facts, the Company's public statements were false and materially misleading throughout the class period. When the market learned the truth about Soleno, investors suffered damages.

Join the case to recover your losses

The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.             

CONTACT:

The Schall Law Firm
Brian Schall, Esq.,
www.schallfirm.com
Office: 310-301-3335
[email protected]

SOURCE The Schall Law Firm

Italian bank UniCredit said on Monday it was ​launching an offer to own more than ‌30% of Commerzbank , crossing the mandatory takeover threshold existing under German law.

, /PRNewswire/ -- The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against Corcept Therapeutics Incorporated ("Corcept" or "the Company") (NASDAQ: CORT) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.

Investors who purchased the Company's securities between October 31, 2024 and December 30, 2025, inclusive (the "Class Period"), are encouraged to contact the firm before April 21, 2026.

If you are a shareholder who suffered a loss, click here to participate.

We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at [email protected].

The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.

According to the Complaint, the Company made false and misleading statements to the market. Corcept misled investors about the viability of its product candidate, relacorilant. Despite claiming relacorilant was "approaching approval," the Company knew that the FDA considered its clinical data was not adequate for approval. Based on these facts, the Company's public statements were false and materially misleading throughout the class period. When the market learned the truth about Corcept, investors suffered damages.

Join the case to recover your losses

The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.             

CONTACT:

The Schall Law Firm
Brian Schall, Esq.,
www.schallfirm.com
Office: 310-301-3335
[email protected]

SOURCE The Schall Law Firm

Italy's UniCredit said it is launching an offer to increase its stake in Commerzbank, but that it doesn't expect to achieve control of the German lender.

HomeStock IdeasLong IdeasCommunication Services

SummaryI am reiterating my “buy” rating on Meta and believe it is the best-positioned hyperscaler in 2026 as margins explode higher, while its AI monetization engine gains steam.META's custom silicon portfolio expansion and potential 20% workforce reduction are expected to drive significant operating margin gains and employee productivity.Regardless of AI model leadership, META's scale, distribution, and infrastructure ensure competitive advantage and robust monetization.Trading at 20x FY26 EPS, I believe the stock presents a potential upside of 48%, with a cleaner AI story and higher upside compared to its hyperscaler peers.Looking for a portfolio of ideas like this one? Members of The REIT Forum get exclusive access to our subscriber-only portfolios. Learn More » Derick Hudson/iStock Editorial via Getty Images

Introduction & Investment Thesis After rising over 10% post Q4 FY25 earnings, Meta’s (META) stock has given up all of its post-earnings gains.

Last week was particularly eventful for Meta as the company

5.91K Followers

Analyst’s Disclosure: I/we have a beneficial long position in the shares of META, MSFT, AMZN, AMD either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

SEGRO PLC (LSE:SGRO), the FTSE 100 property company, has signed a pre-let agreement for a new powered shell data centre at its Slough Trading Estate and received planning approval for a fully fitted facility in west London.

The Slough deal, agreed with an existing customer, will deliver 30,000 square metres of data centre space across three floors of data halls and a roof-level plant deck.

The building will be connected to 50 megavolt-amperes (MVA) of power when fully operational, with the customer contracting that supply directly.

Slough Trading Estate is Europe's largest data centre hub, and planning permission for the new building is already in place through the estate's Simplified Planning Zone, which streamlines the approvals process for certain types of development.

Segro is targeting a BREEAM Excellent sustainability rating, a widely used benchmark for environmentally efficient buildings, for the project.

Separately, Segro has received planning committee approval for a fully fitted data centre at its Premier Park site in Park Royal, west London, developed in joint venture with Pure Data Centres Group.

That facility will have access to 70 MVA of incoming power and will feature closed-loop liquid cooling, a technology designed to reduce water consumption in energy-intensive buildings.

Andrew Pilsworth, Segro's managing director of data centres and strategic partnerships, said the announcements reflected progress in the company's strategy to develop its 2.5 gigawatt-plus pipeline of powered land.

Segro said it would continue working with stakeholders to finalise the planning process at Premier Park and secure a pre-let for that site.

, /PRNewswire/ -- During week 11, 9-13 March 2026, Truecaller AB (publ) (LEI code 549300TEYF1FA5G5GK26) has repurchased in total 750,000 own B shares (ISIN: SE0016787071), corresponding to 0.21% of outstanding capital. Since the start of the current program Truecaller has bought back 14,379,594 shares, corresponding to 4.06% of outstanding capital.

The share buybacks form part of the share buyback programme announced by Truecaller on 30 May 2025. The share buyback programme will run between 30 May up until the 2026 AGM which will be held in May 2026, and is carried out in accordance "Emittentregelverket".

On the Annual General Meeting 2025 the Board was authorized to buy back B-shares up until the Annual General Meeting in 2026. The new authorization means that buybacks may be made so that the company's shareholding does not exceed ten (10) percent of the total number of shares in the company outstanding as of the date of the annual general meeting.

Date:

Aggregated daily volume (number of shares):

Weighted average share price per day (SEK):

Total daily transaction value (SEK):

9  March 2026

150 000

11,82

1 772 927

10 March 2026

150 000

11,93

1 789 577

11 March 2026

150 000

11,62

1 743 746

12 March 2026

150 000

11,87

1 781 069

13 March 2026

150 000

11,91

1 786 450

Total accumulated over week 11/2026

750 000

11,83

8 873 769

Total accumulated during the buyback program

14 379 594

20,65

296 875 505

All acquisitions have been carried out on Nasdaq Stockholm by Carnegie on behalf of Truecaller.

Following the above acquisitions. Truecaller's holding of own shares amounts to 18,324,926 B shares and 5,013,786 C-shares as of 13 March 2026, which corresponds to 6.60% of the outstanding capital.

The total number of shares in Truecaller, including own shares, now amounts to 353,790,721 and the number of outstanding shares, excluding own shares, amounts to 330,452,009.

Summary of Truecaller's buyback programmes;

Date:

Aggregated volume (number of shares):

Weighted average share price per day (SEK):

Total transaction value (SEK):

Oct 2022-May 2023

13 281 779

33.99

451 447 668

June 2023-May 2024

15 365 336

31.78

488 310 378

June 2024-May 2025

3 945 332

36.35

143 397 037

June 2025 -

14 379 594

20.65

296 875 505

Total accumulated

46 972 041

29.38

1 380 030 588

For more information, please contact:

Andreas Frid, Head of IR & Communication
+46 705 29 08 00
[email protected]

About Truecaller

Truecaller (TRUE B) is the leading global platform for verifying contacts and blocking unwanted communication. We enable safe and relevant conversations between people and make it efficient for businesses to connect with consumers. Fraud and unwanted communication are endemic to digital economies. especially in emerging markets. We are on a mission to build trust in communication. Truecaller is an essential part of everyday communication for almost 500 million active users. Truecaller is listed on Nasdaq Stockholm since 8 October 2021. For more information please visit corporate.truecaller.com

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/truecaller-ab/r/repurchase-of-truecaller-b-shares-in-week-11--2026,c4321445

The following files are available for download:

SOURCE Truecaller AB

Brent crude rose to $105.88 a barrel on Monday, up 2.7%, as conflict in the Gulf entered its third week and disruption to oil shipping through the Strait of Hormuz continued to drive prices higher.

The international oil benchmark has gained more than 40% since the war began, with US crude also up nearly 50% over the same period, trading just below $100 a barrel.

Iran's closure of the Strait of Hormuz, a narrow waterway through which roughly a fifth of the world's oil normally passes, has forced producers to cut output after tanker traffic effectively halted. More than 12 million barrels of oil equivalent per day have been taken offline since the closure, according to energy research firm Rystad Energy.

International Energy Agency members have released a record 400 million barrels from emergency reserves, but the move has done little to calm markets.

In the UK, the government looks set to unveil emergency measures to support consumers faced with spiralling energy bills.

Ed Miliband, the energy secretary, left the door open on Sunday to government intervention on fuel duty and household energy bills if the impact of the Gulf crisis worsens, speaking on BBC One's Sunday with Laura Kuenssberg programme.

"We're going to stand by people in this crisis," he said. 

1.86K Followers

Analyst’s Disclosure: I/we have a beneficial long position in the shares of QDVO either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Dublin, Ireland--(Newsfile Corp. - March 16, 2026) - Cosmo Pharmaceuticals N.V. (SIX: COPN) (FSE: C43) (“Cosmo”) today announced its participation at NVIDIA GTC 2026, the world’s leading conference for artificial intelligence (AI) and accelerated computing, taking place in San Jose (CA), USA, from March 16 to March 19.

At the conference, Cosmo will present a technical session titled “Engineering Medical Grade Platforms for Real Time AI”, highlighting the Company’s approach to designing and deploying artificial intelligence systems for use in clinical environments. The session will be delivered by Nhan Ngo Dinh, President of MedTech AI at Cosmo, and Pietro Salvagnini, Director of AI Factory, and will explore the engineering challenges behind building medical grade AI platforms capable of operating in real time during medical procedures.

Cosmo develops real time artificial intelligence systems designed to operate during medical procedures, assisting physicians with detection, decision support, and workflow optimization. Through platforms such as GI Genius™, Cosmo has demonstrated how AI can move beyond research and deliver measurable value in everyday clinical practice.

Cosmo’s engineering teams leverage advanced accelerated computing technologies from NVIDIA to develop AI systems capable of operating in real time during medical procedures.

Session Details:

“Engineering Medical Grade Platforms for Real Time AI” NVIDIA GTC 2026 Thursday, March 19 10:00 to 10:50 CET Giovanni Di Napoli, CEO of Cosmo, commented: “Artificial intelligence will fundamentally reshape medicine. At Cosmo, we are focused on building medical grade AI systems that operate in real clinical environments and support physicians during procedures. Presenting our work at NVIDIA GTC reflects the progress our teams are making in bringing AI from research into everyday medical practice.”

Cosmo’s participation at this year’s NVIDIA GTC reflects the Company’s continued commitment to advancing artificial intelligence in healthcare and strengthening its position at the intersection of medical technology and AI.

About Cosmo

Cosmo is a life sciences company focused on MedTech AI, dermatology, gastrointestinal diseases, and contract development and manufacturing (CDMO). We design, develop, and manufacture advanced solutions that address critical medical needs and raise the standard of care. Our technologies are trusted by leading global pharmaceutical and MedTech companies and reach patients and healthcare providers around the world. Guided by our purpose - Building Health Confidence - our mission is to empower patients, healthcare professionals, and partners by innovating at the intersection of science and technology. Founded in 1997, Cosmo is headquartered in Dublin, Ireland, with offices in San Diego (USA), and in Lainate, Rome, and Catania (Italy). For more information, visit www.cosmohealthconfidence.com

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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/288656

Source: Cosmo Pharmaceuticals N.V.

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Some of the most well-known and established artificial intelligence (AI) stocks are down significantly from their all-time high for no good reason. This opens up rare investment opportunities that hardly ever appear. One that I'm eyeing right now is Microsoft (MSFT 1.57%). Microsoft is down around 25% from its all-time high, something that isn't common.

The last time Microsoft was down 25% from its all-time high was during the late 2022, early 2023 marketwide sell-off when investors assumed we were headed straight for a recession, and market sentiment was extremely negative. While it's not all sunshine and rainbows in the world right now, there isn't a lot going on that will disrupt Microsoft's business. In fact, with all of the AI spending going on, Microsoft is expected to grow even more.

I think this sell-off is a no-brainer buying opportunity, and Microsoft could easily roar back by the end of 2026 to establish a new all-time high.

Image source: Getty Images.

Microsoft is benefiting big-time from the AI build-out Just because Microsoft's stock is down 25% doesn't mean it needs to gain 25% to reach a new all-time high. It actually requires a 33% gain, which is an impressive return for any stock for just a year's investment. But what will Microsoft have to do to return to those levels?

I think it just needs to maintain its course.

Microsoft is taking a bit of a hands-off approach in the AI arms race. Instead of directly competing by building its own generative AI model, Microsoft is choosing to stay neutral. While it owns 27% of OpenAI, the makers of ChatGPT, Microsoft also hosts all sorts of other generative AI models, such as Grok from xAI, Anthropic's Claude, and DeepSeek R1, among others. Microsoft is positioning itself as the place where you can gain access to nearly any generative AI model you could want, and by not forcing a model on the user, it gives them greater flexibility.

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Microsoft is recognizing this revenue through its cloud computing platform, Azure. Azure has been the highlight of Microsoft's business over the past decade and has consistently grown at least 20% or greater during that time frame. However, cloud computing is seeing unprecedented growth thanks to the AI build-out.

During the second quarter of fiscal year 2026 (ended Dec. 31), Azure's revenue increased an impressive 39% year over year. However, that figure could have been higher if Microsoft had used some of its newly installed computing equipment for external use rather than for internal use. It also has a $625 billion backlog, showcasing that there's a ton of contracted usage still to come.

Overall, in Q2, Microsoft's revenue rose 17% year over year and beat expectations laid out in Q1. There isn't really anything to nitpick, because all of Microsoft's hefty AI spending is already showing a significant return on investment through its cloud computing growth.

As a result, Microsoft is about as much of a no-brainer of a buy as it gets. But just how cheap is this price?

Microsoft has always traded at a premium valuation Despite Microsoft's 25% sell-off, it still trades at a premium valuation to the market. At 25.6 times trailing earnings and 24.5 times forward earnings, it's still more expensive than the S&P 500, which trades for 24.6 times trailing earnings and 21.7 times forward earnings. This shouldn't come as a surprise, as Microsoft has always traded at a premium and has earned that status through consistent execution. However, the earnings ratio can be skewed by one-time effects and gains on investments (like OpenAI). As a result, I think using the operating price-to-earnings ratio is a better way to assess Microsoft's valuation from a historical standpoint.

MSFT Operating PE Ratio data by YCharts

Microsoft's stock is near decade lows on this valuation measure, and you need to rewind to 2019 to find a time when it consistently traded this cheaply, outside of one-time dips. I think Microsoft's stock will rally throughout the year and return to normal valuation levels, resulting in impressive stock returns.

This news release constitutes a "designated news release" for the purposes of the Company's prospectus supplement dated November 25, 2025 to its short form base shelf prospectus dated October 31, 2025.

San Antonio, Texas--(Newsfile Corp. - March 16, 2026) - HIVE Digital Technologies Ltd. (TSXV: HIVE) (NASDAQ: HIVE) (FSE: YO0) (BVC: HIVECO) (the "Company" or "HIVE"), a global leader in sustainable digital infrastructure and AI compute, through its wholly owned subsidiary BUZZ High Performance Computing ("BUZZ"), today announced a 4x expansion of its liquid-cooled AI data center capacity through its previously announced strategic data center partner in Canada, growing the existing 4 megawatts ("MW") in Manitoba to 16.6 MW of critical IT load across two Canadian provinces (all figures referenced herein are in critical IT load), expanding HIVE's BUZZ HPC Sovereign AI Compute offering in Canada (all amounts in US dollars, unless otherwise indicated).

The expansion adds a new colocation facility in British Columbia, providing an immediate 5 MW of capacity with an option to scale an additional 7.6 MW. This new immediate capacity facilitates the deployment of upwards of 2,000 next-generation high-power density AI-optimized GPUs in British Columbia, complementing the capacity for approximately 2,000 GPUs in BUZZ's existing Manitoba facility. In total, the Company now has a near-term ramp to over 4,000 GPUs in Canada through its data center partnerships and its own sites, accelerating the Company's previously announced GPU AI cloud deployment targets for calendar 2026.

4 Times Growth in Sovereign AI Data Center Runway Across Canada

The Company's AI colocation footprint with Bell Canada AI Fabric, its strategic data center partner, now spans two provinces in Western Canada:

Manitoba: 4 MW of critical IT load. BUZZ has deployed 504 next-generation AI-optimized GPUs consuming approximately 1 MW, with 3 MW of remaining capacity to support approximately 1,500 additional GPUs.British Columbia (Phase 1): 5 MW of critical IT load, available immediately. This capacity supports the deployment of approximately 2,000 next-generation, high-power-density, AI-optimized GPUs.British Columbia (Phase 2): Option for an additional 7.6 MW of critical IT load in 2027, supporting an additional 3,000 next-generation high-power density AI-optimized GPUs.In aggregate, the Company now has a growth path to over 6,000 new GPU deployments in Canada through this strategic data center partnership with Bell Canada AI Fabric, providing the infrastructure runway for its GPU cloud revenue objectives.

Importantly, no additional capital expenditures are required to secure this expanded colocation capacity. Deposits made by the Company in 2025 with the strategic data center partner are sufficient to secure the full growth pipeline. Standard operational costs associated with GPU procurement, installation, and ongoing data center operations remain separate and are expected as part of normal business activities.

Accelerating AI Cloud Growth

The Company previously disclosed a target of achieving new deployments of 6,000 latest generation GPUs for AI cloud. This colocation expansion provides the infrastructure required to achieve that target on an accelerated basis. 4,000 next-generation AI-optimized GPUs are targeted for contracted revenue in the next 6 months (including 2,000 high-power density GPUs in BC). The Company expects further expand another 2000 high-power density GPUs through additional partner data centers or its own data centers, reaching 6000 GPUs in Canada, with a target of $200 million in contracted annualized run-rate revenue ("HPC ARR") by the end of this fiscal year (period end March 31, 2027). For new long-term GPU contracts with enterprise clients, the Company is targeting 75% HPC EBITDA.

"Nations that control their own AI compute will lead the next era of global innovation. Canada has the talent, the energy, and now, with BUZZ, the infrastructure to compete at the highest level," said Frank Holmes, Executive Chairman of HIVE. "Since 2017, HIVE has demonstrated the ability to build, scale, and operate complex digital infrastructure with consistency and rigor across nine time zones and three continents. We are now applying that same discipline to AI. Our dual-engine model, Tier-I Bitcoin mining generating cash flow and Tier-III AI compute delivering high-margin recurring revenue, was built for exactly this moment. This expansion with Bell is a statement of conviction. We believe sovereign AI compute will define the next decade of Canadian innovation, and HIVE intends to be at the center of it. Moreover, in addition to our exciting growth ramp, HIVE owns and operates other data centres in Canada, which prime for conversion for hyperscaler colocation, and even government or military contracts. Notably, indications to management are that our 70 MW site in New Brunswick offers the scale of powered land for hyperscaler needs, and we believe the location of our 7.6 MW Toronto Airport site is very attractive to government or military applications."

Aydin Kilic, President and CEO of HIVE, added: "This expansion gives us committed liquid-cooled data center capacity across two provinces, and a clear path to over 6,000 next-generation AI-optimized GPUs in Canada. As demand for AI compute ramps, we can move quickly to deploy additional clusters of AI-optimized GPUs online to realize our ARR targets for 2026, while scaling EBITDA in a cap-ex light strategy. The data center infrastructure is now secured, and the demand for compute is strong. We are seeing economics where 3-year deals and 5-year deals for longer-term GPU contracts provide investors with comfort that there is a strong fundamental return on the investment and deployment of these GPU clusters. Investors should expect near-term updates on GPU procurement and cloud revenue contracts as we execute on this accelerated timeline."

* As used herein, "HPC EBITDA" is defined as earnings from HPC operations before deducting HPC-related interest, taxes, depreciation and amortization. "HPC ARR", as a metric, represents total HPC revenue only, and does not represent profitability. HPC ARR is presented here as a measure of growth. These non-GAAP measures should be read in conjunction with and should not be viewed as alternatives to or replacements for measures of operating results and liquidity presented in accordance with GAAP in HIVE's quarterly and annual financial statements. All financial projections reflect current market sentiment and public disclosures as of March 2026; actual outcomes may vary. Investors should conduct their own due diligence.

Capital Allocation and Future Investment Strategy in Europe

As previously disclosed, HIVE has operated in Sweden since 2017, establishing multiple successful datacenter facilities powered entirely by renewable energy. Over that time, HIVE has made meaningful contributions to the local economy by engaging numerous subcontractors and supporting community initiatives such as the Boden Hockey Club. Notably, HIVE was also the first datacenter operator in Sweden to participate in the national grid-balancing program in collaboration with Svenska Kraftnät and Vattenfall, helping stabilize renewable power supply while supporting regional energy infrastructure.

HIVE's acquisition of the 7 MW datacenter in Boden, Sweden, in November 2023 marked an early step in the Company's strategic transition from Tier-I digital infrastructure toward Tier-III high-performance computing and artificial intelligence infrastructure. While the site initially operated as part of HIVE's renewable-powered hashrate production, the facility was subsequently designated for conversion to Tier-III AI and HPC standards capable of supporting enterprise-grade GPU clusters.

As part of this transition, HIVE is progressively phasing down its ASIC-based hashrate production (provided to foreign Bitcoin mining pool customers) at its larger Boden facility, enabling the Company to redeploy resources toward its expanding AI and HPC strategy in Europe.

This strategic shift has been driven by increasing challenges faced by HIVE's Swedish subsidiaries in their traditional hashrate production business. Recently, the Company has experienced ongoing enforcement actions and what it believes are misapplications of existing tax rules by the Swedish tax authorities. Despite receiving supportive opinions from several respected law firms, a tier-1 accounting firm, and top local academics specializing in Swedish value-added-tax matters, the authorities have imposed a security deposit requirement on disputed tax assessments. Historically, because of the strength of the Company's case, it had always been granted deferrals, while awaiting a final judicial appeal. These developments have created operational uncertainty and have limited the Company's ability to continue operating its traditional hashrate production model on a consistent economic basis.

In response to these evolving conditions, HIVE has determined that continuing its ASIC-based hashrate production model may no longer be economically viable in Sweden, and the Company will begin exploring the phase out of these activities.

As a proactive solution, HIVE is shifting its strategic focus toward high-performance computing and artificial intelligence Tier-III datacenters. This transition is already underway with the upgrade of the Company's 7 MW facility in Boden to a Tier-III design. Construction is currently in progress, and the facility is expected to support GPU clusters based on the NVIDIA GB300 GPU architecture, designed to power demanding AI training and inference workloads.

This investment will position HIVE at the forefront of next-generation digital infrastructure while ensuring the Company remains a contributor to the region's technological development. For the Boden community, these next-generation datacenters are expected to support local economic growth, strengthen education partnerships, and attract technology-focused businesses, further solidifying the region's reputation as a hub for digital innovation.

RSU Grants Reinforce Commitment to Sustainable Growth

To ensure the team delivering on HIVE's current and future vision has direct alignment with shareholders, HIVE is granting 2,849,400 Restricted Share Units ("RSUs") to employees, officers, directors, and consultants under its RSU plan, with a mandatory one-year TSX Venture Exchange vesting period. This aligns management with investors to build long-term value. Inspired by Harvard Business School research on non-linear incentives, these quarterly milestone-based awards foster innovation and retention-aligning global talent from Paraguay to Sweden with HIVE's vision for sustainable growth and minimal dilution.

HIVE has shared these RSUs with all employees, both new and long-serving, to preserve its unique culture, which focuses on efficiency and return on invested capital.

About HIVE Digital Technologies Ltd.

Founded in 2017, HIVE Digital Technologies Ltd. is the first publicly listed company to mine digital assets powered by green energy. Today, HIVE builds and operates next-generation Tier-I and Tier-III data centers across Canada, Sweden, and Paraguay, serving both Bitcoin and high-performance computing clients. HIVE's twin-turbo engine infrastructure-driven by hashrate services and GPU-accelerated AI computing-delivers scalable, environmentally responsible solutions for the digital economy.

For further information, please contact:

Nathan Fast, Director of Marketing and Branding
Frank Holmes, Executive Chairman
Aydin Kilic, President & CEO

Tel: (604) 664-1078

About BUZZ HPC

BUZZ High Performance Computing (BUZZ HPC), a wholly owned subsidiary of HIVE Digital Technologies Ltd. (TSXV: HIVE) and an NVIDIA Cloud Partner, delivers enterprise-grade cloud services and large-scale GPU clusters. The platform supports a suite of managed services, including Kubernetes, Slurm, virtual machines, and bare-metal deployments optimized for AI, machine learning, and scientific workloads. Headquartered in Canada with a global reach, BUZZ HPC is one of the first and few Canadian sovereign AI platforms operating at scale. Since 2017, it has deployed supercomputing environments across Canada and the Nordics. Its Tier-III+ data centres powered entirely by renewable energy and engineered with ultra-low Power Usage Effectiveness (PUE) host thousands of industrial-grade GPUs across North America and Europe used for AI model training, fine-tuning and inference.

Through its Green GPU initiative, BUZZ HPC combines AI innovation with sustainability, offering localized expertise and global infrastructure.

Learn more at https://www.buzzhpc.ai

For further information, please contact:

Craig Tavares, BUZZ HPC President and COO

Tel: (604) 664-1078

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

Forward-Looking Information

Except for the statements of historical fact, this news release contains "forward-looking information" within the meaning of applicable Canadian securities laws, which may include but is not limited to statements regarding: the anticipated benefits of the partnership between BUZZ HPC and Bell Canada; the expected deployment, timing, capacity, and expansion of BUZZ HPC's NVIDIA-accelerated infrastructure; the potential impact on Canadian AI innovation, competitiveness, and economic growth; compliance with privacy, cybersecurity, and data residency regulations; the use of renewable energy; and any other future-oriented statements. Forward-looking information is based on current expectations, estimates, forecasts, and projections, as well as management's beliefs and assumptions, including that the partnership will proceed as planned, infrastructure will be deployed on the expected timelines and within budget, demand for AI computing will continue to grow, and regulatory requirements will remain consistent with current expectations, and other related risks as more fully set out in the Company's disclosure documents under the Company's filings at www.sec.gov/EDGAR and www.sedarplus.ca.

Forward-looking information involves known and unknown risks, uncertainties, and other factors that may cause actual results, performance, or achievements to differ materially from those expressed or implied by such forward-looking information. Such factors include, but are not limited to: the risk that deployment timelines may change; that costs may exceed expectations; that demand for AI infrastructure may be lower than anticipated; that partnerships or regulatory approvals may not materialize as expected; that GPU supply and procurement timelines may be subject to change; that revenue projections are based on current market conditions and assumptions that may not materialize; and the risk factors described in the Company's continuous disclosure documents available on SEDAR+ at www.sedarplus.ca. Readers are cautioned not to place undue reliance on forward-looking information. The Company disclaims any obligation to update or revise any forward-looking information, whether as a result of new information, future events, or otherwise, except as required by law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/288654

Source: HIVE Digital Technologies Ltd.

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Nantes, France, March 16, 2026 – 7:30am CET - OSE Immunotherapeutics SA (ISIN: FR0012127173; Mnemo: OSE), today announced its financial calendar for 2026.

InformationDate* 2025 Full-Year Financial Update and StatementsApril 29, 20262026 1Q Cash PositionApril 30, 2026Annual General MeetingJune 24, 20262026 First-Half Financial Update and StatementsSeptember 28, 20262026 3Q Cash PositionOctober 27, 20262026 4Q Cash PositionJanuary 26, 2027 * This financial calendar is provided for information only and may be subject to changes. The Company’s updated financial calendar is available on its corporate website.

ABOUT OSE IMMUNOTHERAPEUTICS
OSE Immunotherapeutics is a biotech company dedicated to developing first-in-class assets in immuno-oncology (IO) and immuno-inflammation (I&I) that address the unmet patient needs of today and tomorrow. We partner with leading academic institutions and biopharmaceutical companies in our efforts to develop and bring to the market transformative medicines for people with serious diseases. OSE Immunotherapeutics is based between Nantes and Paris and is listed on Euronext. Additional information about OSE Immunotherapeutics assets is available on the Company’s website: www.ose-immuno.com. Follow us on LinkedIn.

Contacts

OSE Immunotherapeutics: [email protected]

FP2COM (Media Relations): Florence Portejoie: [email protected] I +33 6 07 768 283

LifeSci Advisors (Investor Relations): Guillaume van Renterghem: [email protected] I +41 76 735 01 31

Forward-looking statements
This press release contains express or implied information and statements that might be deemed forward-looking information and statements in respect of OSE Immunotherapeutics. They do not constitute historical facts. These information and statements include financial projections that are based upon certain assumptions and assessments made by OSE Immunotherapeutics’ management considering its experience and its perception of historical trends, current economic and industry conditions, expected future developments and other factors they believe to be appropriate.

These forward-looking statements include statements typically using conditional and containing verbs such as “expect”, “anticipate”, “believe”, “target”, “plan”, or “estimate”, their declensions and conjugations and words of similar import. Although the OSE Immunotherapeutics management believes that the forward-looking statements and information are reasonable, the OSE Immunotherapeutics’ shareholders and other investors are cautioned that the completion of such expectations is by nature subject to various risks, known or not, and uncertainties which are difficult to predict and generally beyond the control of OSE Immunotherapeutics. These risks could cause actual results and developments to differ materially from those expressed in or implied or projected by the forward-looking statements. These risks include those discussed or identified in the public filings made by OSE Immunotherapeutics with the AMF. Such forward-looking statements are not guarantees of future performance. This press release includes only summary information and should be read with the OSE Immunotherapeutics Universal Registration Document filed with the AMF on April 30, 2025, including the annual financial report for the fiscal year 2024, available on the OSE Immunotherapeutics’ website. Other than as required by applicable law, OSE Immunotherapeutics issues this press release at the date hereof and does not undertake any obligation to update or revise the forward-looking information or statements.

EN_260316_OSE_Immunotherapeutics_2026_Financial_Calendar_vdef

Textbook Position-Squaring on Dollar Dip Today’s early reaction is just textbook position-squaring in reaction to a dip in the dollar and easing 10-year Treasury yields. Both are increasing the appeal of non-yielding bullion.

Why Gold Has Been Under Pressure Since February 28 The relationship between yields, the dollar and gold is interesting, but the major story driving the price action in gold at this time is crude oil. Here’s why gold has been under pressure since the war between the U.S. and Iran started on February 28.

Higher crude oil prices could push inflation higher and this will likely make the Federal Reserve more cautious about cutting interest rates. If they continue to push the rate cuts into the future then this could keep real yields elevated. A dovish outlook from the Fed is one of the main reasons gold has been so strong over the past two years. Elevated yields could become a major headwind for gold if crude oil continues to climb.

$100 Oil Is the Key Level for Gold Traders In my opinion, the key level to watch for crude oil is $100. Brent oil is currently above this level, WTI is getting close to overcoming this price. A sustained move over this level will be bearish for gold. It’s important to note that fundamentally, we’re not just dealing with ending the war, but also keeping supply moving through the Strait of Hormuz and repairing the damaged infrastructure.

Gold as an Inflation Hedge — Not So Textbook This Time Some will argue that gold is a hedge against inflation, but this case is a little different and not so textbook because of the relatively high interest rates, which make yielding assets like Treasurys more attractive to investors. Now we don’t expect to see a change in the longer-term trend, but on a day-to-day basis, gold will struggle to gain traction until it reaches a key value area or until inflation subsides enough for the Fed to comfortably resume its rate-cutting plans.

Short-Term Trend Turns Down but 50-Day MA Holds

, /PRNewswire/ -- The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against BellRing Brands, Inc. ("BellRing" or "the Company") (NYSE: BRBR) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.

Investors who purchased the Company's securities between November 19, 2024 and August 4, 2025, inclusive (the "Class Period"), are encouraged to contact the firm before March 23, 2026.

If you are a shareholder who suffered a loss, click here to participate.

We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at [email protected].

The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.

According to the Complaint, the Company made false and misleading statements to the market. BellRing's sales during the Class Period were driven by temporary inventory stockpiling by certain customers, not its supposed strength in the competitive marketplace. Despite its claims, the Company was not enjoying strong customer demand and positive momentum. Customers reduced their new orders for the Company's products when they felt comfortable that inventory constraints were no longer a concern. Based on these facts, the Company's public statements were false and materially misleading throughout the class period. When the market learned the truth about BellRing, investors suffered damages.

Join the case to recover your losses

The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.             

CONTACT:

The Schall Law Firm
Brian Schall, Esq.,
www.schallfirm.com
Office: 310-301-3335
[email protected]

SOURCE The Schall Law Firm

, /PRNewswire/ -- The DJS Law Group reminds investors of a class action lawsuit against Camping World Holdings, Inc. ("Camping World" or "the Company") (NYSE: CWH) violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.

Shareholders who purchased shares of CWH during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointments. Appointment as lead plaintiff is not required to partake in any recovery.

CLASS PERIOD: April 29, 2025 to February 24, 2026

DEADLINE: May 11, 2026

CASE DETAILS: According to the Complaint, the Company made false and misleading statements to the market. Despite Camping World's claims that it could "surgically manage [its] inventory, the Company was forced to institute "strict, corrective inventory management objectives" which hurt profitability. Based on these facts, Camping World's public statements were false and materially misleading throughout the class period.

If you are a shareholder who suffered a loss, contact us to participate.

WHY DJS LAW GROUP? DJS Law Group's primary focus is to enhance investor return through balanced counseling and aggressive advocacy. We specialize in securities class actions, corporate governance litigation, and domestic/international M&A appraisals. Our clients are some of the largest and most sophisticated hedge funds and alternative asset managers in the world. The litigation claims of our clients are extraordinarily valuable assets that demand respect, focus, and results.

Join the case to recover your losses.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.

CONTACT:
David J. Schwartz
DJS Law Group
274 White Plains Road, Suite 1
Eastchester, NY 10709
Phone: 914-206-9742
Email: [email protected]

SOURCE DJS Law Group LLP