Track market-moving stories before they get noisy

QuidelOrtho (QDEL - Free Report) came out with quarterly earnings of $0.13 per share, beating the Zacks Consensus Estimate of a loss of $0.04 per share. This compares to earnings of $0.12 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of +425.00%. A quarter ago, it was expected that this medical diagnostics company would post earnings of $0.37 per share when it actually produced a loss of $0.04, delivering a surprise of -110.81%.

Over the last four quarters, the company has surpassed consensus EPS estimates three times.

QuidelOrtho, which belongs to the Zacks Medical - Products industry, posted revenues of $630.9 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 2.65%. This compares to year-ago revenues of $613.9 million. The company has topped consensus revenue estimates four times over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

QuidelOrtho shares have lost about 38.7% since the beginning of the year versus the S&P 500's gain of 12.8%.

What's Next for QuidelOrtho?While QuidelOrtho has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Ahead of this earnings release, the estimate revisions trend for QuidelOrtho was favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.82 on $708.97 million in revenues for the coming quarter and $1.87 on $2.68 billion in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Medical - Products is currently in the bottom 37% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

One other stock from the same industry, CeriBell, Inc. (CBLL - Free Report) , is yet to report results for the quarter ended June 2026. The results are expected to be released on August 10.

This company is expected to post quarterly loss of $0.45 per share in its upcoming report, which represents a year-over-year change of -18.4%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.

CeriBell, Inc.'s revenues are expected to be $27.22 million, up 28.4% from the year-ago quarter.

, /PRNewswire/ -- Pomerantz LLP announces that a class action lawsuit has been filed against Insulet Corporation ("Insulet" or the "Company") (NASDAQ: PODD) and certain officers. The class action, filed in the United States District Court for the District of Massachusetts, and docketed under 26-cv-13062, is on behalf of a class consisting of all persons and entities other than Defendants that purchased or otherwise acquired Insulet securities between February 21, 2025 and May 26, 2026, both dates inclusive (the "Class Period"), seeking to recover damages caused by Defendants' violations of the federal securities laws and to pursue remedies under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder, against the Company and certain of its top officials.

If you are an investor who purchased or otherwise acquired Insulet securities during the Class Period, you have until August 31, 2026, to ask the Court to appoint you as Lead Plaintiff for the class. A copy of the Complaint can be obtained at www.pomerantzlaw.com. To discuss this action, contact Danielle Peyton at [email protected] or 646-581-9980 (or 888.4-POMLAW), toll-free, Ext. 7980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased.  

[Click here for information about joining the class action]

Insulet develops, manufactures, and sells insulin delivery systems for people with insulin-dependent diabetes in the United States ("U.S.") and internationally. 

The Company offers, inter alia, its "Omnipod 5" automated insulin delivery ("AID") system, which includes a proprietary AID algorithm embedded in the pod that integrates with a third-party continuous glucose monitor to obtain glucose values through wireless Bluetooth communication; and its "Omnipod Dash", which features a Bluetooth enabled Pod that is controlled by a smartphone-like Personal Diabetes Manager. 

Insulet also formerly offered the Omnipod Insulin Management System, its predecessor to the Omnipod 5, prior to the Class Period, but had already begun to phase out the product by the start of the Class Period.

The complaint alleges that, throughout the Class Period, Defendants made materially false and misleading statements regarding the Company's business, operations, and compliance policies.  Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (i) Insulet's manufacturing controls and procedures were defective; (ii) the foregoing created a foreseeable heightened risk that one or more Insulet products would be found to be in violation of applicable safety regulations and/or pose a risk of injury; and (iii) as a result, Defendants' public statements were materially false and misleading at all relevant times.

The truth began to emerge on March 12, 2026, when Insulet disclosed that it had "initiated a voluntary Medical Device Correction for specific lots of Omnipod® 5 Pods after identifying a manufacturing issue through its ongoing product monitoring."

On this news, Insulet's stock price fell $16.23 per share, or 6.88%, to close at $219.84 per share on March 13, 2026.

Then, on May 26, 2026, Insulet disclosed the "initat[ion]" of another "voluntary Medical Device Correction", this time "for specific lots of Omnipod® 5, Omnipod Dash®, and Omnipod® Insulin Management System (Omnipod Eros) Pods due to a manufacturing issue, identified through ongoing product monitoring, that could result in insulin under-delivery." 

On this news, Insulet's stock price fell $7.79 per share, or 5.07%, to close at $146.01 per share on May 27, 2026.

Pomerantz LLP, with offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions. Today, more than 85 years later, Pomerantz continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered billions of dollars in damages awards on behalf of class members. See www.pomlaw.com. 

Attorney advertising.  Prior results do not guarantee similar outcomes.  

CONTACT:
Danielle Peyton
Pomerantz LLP
[email protected]
646-581-9980 ext. 7980

SOURCE Pomerantz LLP

For the quarter ended June 2026, Post Holdings (POST - Free Report) reported revenue of $1.95 billion, down 1.8% over the same period last year. EPS came in at $1.78, compared to $2.03 in the year-ago quarter.

The reported revenue compares to the Zacks Consensus Estimate of $2.02 billion, representing a surprise of -3.52%. The company delivered an EPS surprise of +9.2%, with the consensus EPS estimate being $1.63.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how Post Holdings performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

Net Sales- Weetabix: $137.1 million versus the two-analyst average estimate of $137.35 million. The reported number represents a year-over-year change of -0.6%.Net Sales- Post Consumer Brands: $974.2 million versus $989.94 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +6.6% change.Net Sales- Foodservice: $652.9 million compared to the $666.3 million average estimate based on two analysts. The reported number represents a change of -6.5% year over year.Net Sales- Refrigerated Retail: $184.5 million versus $225.53 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -21.1% change.Adjusted EBITDA- Post Consumer Brands: $197.3 million compared to the $194.56 million average estimate based on two analysts.Adjusted EBITDA- Weetabix: $37.3 million versus $35.77 million estimated by two analysts on average.Adjusted EBITDA- Foodservice: $140.8 million versus $127.81 million estimated by two analysts on average.Adjusted EBITDA- Corporate/ Other: $-24.7 million compared to the $-20 million average estimate based on two analysts.Adjusted EBITDA- Refrigerated Retail: $26.6 million versus $35.52 million estimated by two analysts on average.View all Key Company Metrics for Post Holdings here>>>

Shares of Post Holdings have returned +3.9% over the past month versus the Zacks S&P 500 composite's +3.3% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.

Dropbox (DBX - Free Report) came out with quarterly earnings of $0.75 per share, beating the Zacks Consensus Estimate of $0.74 per share. This compares to earnings of $0.71 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of +1.35%. A quarter ago, it was expected that this online file-sharing company would post earnings of $0.71 per share when it actually produced earnings of $0.76, delivering a surprise of +7.04%.

Over the last four quarters, the company has surpassed consensus EPS estimates four times.

Dropbox, which belongs to the Zacks Internet - Services industry, posted revenues of $631.5 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 0.94%. This compares to year-ago revenues of $625.7 million. The company has topped consensus revenue estimates four times over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

Dropbox shares have added about 25.9% since the beginning of the year versus the S&P 500's gain of 12.8%.

What's Next for Dropbox?While Dropbox has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Ahead of this earnings release, the estimate revisions trend for Dropbox was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.82 on $625.31 million in revenues for the coming quarter and $3.08 on $2.51 billion in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Internet - Services is currently in the bottom 38% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

One other stock from the broader Zacks Computer and Technology sector, Enovix Corporation (ENVX - Free Report) , is yet to report results for the quarter ended June 2026. The results are expected to be released on August 12.

This company is expected to post quarterly loss of $0.14 per share in its upcoming report, which represents a year-over-year change of -7.7%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.

Enovix Corporation's revenues are expected to be $8.44 million, up 13% from the year-ago quarter.

Monster Beverage (MNST - Free Report) came out with quarterly earnings of $0.6 per share, beating the Zacks Consensus Estimate of $0.59 per share. This compares to earnings of $0.52 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of +1.70%. A quarter ago, it was expected that this energy drink maker would post earnings of $0.53 per share when it actually produced earnings of $0.58, delivering a surprise of +9.43%.

Over the last four quarters, the company has surpassed consensus EPS estimates four times.

Monster Beverage, which belongs to the Zacks Beverages - Soft drinks industry, posted revenues of $2.54 billion for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 4.97%. This compares to year-ago revenues of $2.11 billion. The company has topped consensus revenue estimates four times over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

Monster Beverage shares have added about 23.2% since the beginning of the year versus the S&P 500's gain of 12.8%.

What's Next for Monster Beverage?While Monster Beverage has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Ahead of this earnings release, the estimate revisions trend for Monster Beverage was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.60 on $2.43 billion in revenues for the coming quarter and $2.31 on $9.52 billion in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Beverages - Soft drinks is currently in the top 32% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

One other stock from the broader Zacks Consumer Staples sector, Alico (ALCO - Free Report) , is yet to report results for the quarter ended June 2026. The results are expected to be released on August 10.

This agribusiness and land management company is expected to post quarterly loss of $0.73 per share in its upcoming report, which represents a year-over-year change of +69.5%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.

Alico's revenues are expected to be $2.6 million, down 69% from the year-ago quarter.

Northern Oil and Gas (NOG - Free Report) came out with quarterly earnings of $1.13 per share, beating the Zacks Consensus Estimate of $1.02 per share. This compares to earnings of $1.37 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of +10.78%. A quarter ago, it was expected that this independent oil and gas company would post earnings of $0.71 per share when it actually produced earnings of $0.74, delivering a surprise of +4.23%.

Over the last four quarters, the company has surpassed consensus EPS estimates four times.

Northern Oil and Gas, which belongs to the Zacks Oil and Gas - Exploration and Production - United States industry, posted revenues of $670.8 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 22.91%. This compares to year-ago revenues of $574.37 million. The company has topped consensus revenue estimates two times over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

Northern Oil and Gas shares have lost about 7.9% since the beginning of the year versus the S&P 500's gain of 12.8%.

What's Next for Northern Oil and Gas?While Northern Oil and Gas has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Ahead of this earnings release, the estimate revisions trend for Northern Oil and Gas was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.84 on $557.83 million in revenues for the coming quarter and $3.50 on $2.07 billion in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Oil and Gas - Exploration and Production - United States is currently in the bottom 13% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

Another stock from the same industry, Big Sky Industrial Inc. (BSIN - Free Report) , has yet to report results for the quarter ended June 2026. The results are expected to be released on August 11.

This company is expected to post quarterly loss of $0.05 per share in its upcoming report, which represents a year-over-year change of +73.7%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.

Big Sky Industrial Inc.'s revenues are expected to be $2.1 million, up 3.5% from the year-ago quarter.

Natera, Inc. (NTRA) Q2 2026 Earnings Call August 6, 2026 4:30 PM EDT

Company Participants

Mike Brophy - Chief Financial Officer
Steve Chapman - CEO & Director
Solomon Moshkevich - President of Clinical Diagnostics
Alexey Aleshin - GM of Oncology and Early Cancer Detection & Chief Medical Officer

Conference Call Participants

Puneet Souda - Leerink Partners LLC, Research Division
Daniel Brennan - TD Cowen, Research Division
David Westenberg - Piper Sandler & Co., Research Division
Daniel Markowitz - Evercore ISI Institutional Equities, Research Division
Noah Kava - Jefferies LLC, Research Division
Kallum Titchmarsh - Morgan Stanley, Research Division
Subhalaxmi Nambi - Guggenheim Securities, LLC, Research Division

Presentation

Operator

Hello, everyone. Thank you for joining us, and welcome to Natera's Second Quarter 2026 Earnings Conference Call. [Operator Instructions]

I will now hand the conference over to Michael Brophy, Chief Financial Officer. Michael, please go ahead.

Mike Brophy
Chief Financial Officer

Thanks, operator. Good afternoon. Thank you for joining our conference call to discuss the results of our second quarter of 2026. On the line, I'm joined by Steve Chapman, our CEO; Solomon Moshkevich, President, Clinical Diagnostics; and Alexey Aleshin, General Manager of Oncology and our Chief Medical Officer. Today's conference call is being broadcast live via webcast. We will be referring to a slide presentation that has been posted to investor.natera.com. A replay of the call will also be posted to our IR site as soon as it's available.

Starting on Slide 2. During the course of this conference call, we will make forward-looking statements regarding future events and our anticipated future performance, such as our operational and financial outlook and projections, our assumptions for that outlook, market size, partnerships, clinical studies and expected results, opportunities and strategies and expectations for various current and future products, including product capabilities, expected release dates, reimbursement coverage and related effects on our financial and operating results. We caution you that such statements reflect

Is Vimeo worth another look as it turns profitable? Alarm.com NASDAQ: ALRM reported second-quarter results that exceeded its expectations, supported by growth in its SaaS and license business, commercial video operations and EnergyHub utility programs. The company also raised its full-year revenue and profitability outlook.

SaaS and license revenue rose 11.1% year over year to $188.8 million, exceeding the midpoint of management’s guidance by about $3.2 million. Adjusted EBITDA increased 15.7% to $57.7 million, while adjusted EBITDA margin expanded 115 basis points from the prior-year period to 20.8%.

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Chief Executive Officer Stephen Trundle said the company saw performance above plan in most parts of the business. Residential operations remained steady, aided by revenue retention in the 95% range for a third consecutive quarter. Commercial initiatives and EnergyHub collectively grew more than 30% year over year, according to Chief Financial Officer Kevin Bradley.

Commercial Video and Fire Expansion Alarm.com said its OpenEye commercial business generated strong SaaS and hardware revenue as enterprise customers expanded video-surveillance deployments. Trundle said those customers increasingly adopted more advanced AI-enabled services.

During the quarter, the company launched a Fire Communicator for commercial customers. The product transmits alarm signals to monitoring stations while also sending notifications to designated users through Alarm.com applications and services.

Trundle said the product is designed to work with most new and existing fire panels and relies on Alarm.com’s cellular communications infrastructure and back-end platform. Fire communicators are often replaced independently from fire alarm control panels, particularly when legacy equipment fails testing or loses network support as cellular networks change.

Management estimates the addressable market includes 4 million to 5 million fire panels across the U.S. and Canada. Trundle said roughly 3,000 of Alarm.com’s service providers are involved in the commercial fire business to some extent and could potentially deploy the offering. The company had nearly 1,000 units installed within the first two to three weeks after launch, though Trundle said adoption will take time to develop through the service-provider channel.

Bradley said the Fire Communicator’s delivery model is channel-based, similar to Alarm.com’s residential offerings. The company expects hardware gross margin for the product to be neutral to slightly positive, while recurring service revenue could be about twice the average revenue per user of a typical residential account.

EnergyHub Benefits From Grid Demand EnergyHub continued to grow as utilities expanded distributed energy resource and demand-response programs. Trundle said the market is benefiting from growing power demand, including demand related to data centers and vehicle electrification, as well as a more variable energy supply mix that includes wind and solar power.

Over the July 4 weekend, utilities dispatched more than 300 demand-response events through EnergyHub across more than 30 states and Ontario, the company said. Those events shifted 17.5 gigawatt hours of electricity, which Trundle said was roughly equal to New York City’s total electricity consumption for more than two hours.

Trundle said EnergyHub has expanded beyond thermostat-based demand-response programs to include electric vehicles, EV chargers and batteries. He estimated the company is currently about 2% penetrated in the North American total addressable market, with somewhat higher penetration among utilities that already have EnergyHub programs.

Bradley said EnergyHub is the growth initiative contributing most rapidly to the company’s accelerating SaaS growth rate. International, commercial and EnergyHub businesses represented about 35% of revenue in the second quarter and grew by more than 30% year over year, though the company expects those operations to account for roughly 35% of revenue and grow 25% to 30% for the full year.

International Milestone and Financial Results Alarm.com’s international business surpassed 1 million active subscriber accounts during the quarter. The company operates with service-provider partners in more than 70 countries. Trundle said the business has established critical infrastructure and localized products across its markets, and he expects the next 1 million international accounts to come faster than the first, though he did not predict an exact pace.

Hardware and other revenue increased 5.5% to about $89 million. The company cited strong enterprise demand in commercial video as well as increased activity in EnergyHub’s low-carbon and renewable-fuel credit business. The sales mix contributed to a 180-basis-point year-over-year expansion in hardware gross margin.

GAAP net income attributable to common stockholders declined to $24.2 million, or $0.48 per diluted share, from $34.6 million a year earlier. Bradley said lower interest income following the January retirement of $500 million in convertible notes was a key contributor to the decline.

Non-GAAP adjusted net income rose about 17% to $41.1 million, while non-GAAP diluted earnings per share increased 24% to $0.77. Alarm.com ended the quarter with $479.4 million in cash and generated $37 million in free cash flow.

The company repurchased about 570,000 shares for $25 million during the quarter, bringing repurchases since the beginning of 2025 to 1.8 million shares. It continues to operate under a $150 million share-buyback authorization.

Raised 2026 Outlook For the third quarter, Alarm.com forecast SaaS and license revenue of $189.8 million to $190 million, representing growth of about 8.3% at the midpoint.

For full-year 2026, the company raised its SaaS and license revenue outlook to $754 million to $754.4 million, up about $4.2 million from its May forecast. The updated range implies approximately 9.4% annual growth at the midpoint.

Total revenue is projected at $1.079 billion to $1.089 billion. Hardware and other revenue is expected to be $325 million to $335 million, up about $15 million at the midpoint from prior guidance. Adjusted EBITDA is forecast at $221 million to $223 million, an increase of about $6.5 million at the midpoint. Non-GAAP adjusted net income is projected at $156 million to $157 million, or $2.92 to $2.94 per diluted share. Bradley said the updated outlook reflects second-quarter outperformance and keeps the company on track toward its previously stated goal of exiting 2027 with a 21% adjusted EBITDA margin.

About Alarm.com (NASDAQ:ALRM)Alarm.com Holdings, Inc provides a cloud-based software platform for connected properties, enabling residential and commercial customers to monitor, manage and control security, energy and home automation solutions. The company's interactive services connect security systems, smart thermostats, door locks, lights and video cameras through cellular, broadband and Z-Wave networks, offering real-time alerts and remote access via mobile and web applications.

Through its platform, Alarm.com delivers an integrated suite of products that includes intrusion detection, video monitoring and cloud recording, energy management features such as smart thermostat scheduling, and home automation controls for lighting, garage doors and connected appliances.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].

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MACOM Technology Solutions Holdings, Inc. (MTSI) Q3 2026 Earnings Call August 6, 2026 8:30 AM EDT

Company Participants

Stephen Ferranti - Senior Vice President of Corporate Development & Investor Relations
Stephen Daly - President, CEO & Chairman
John Kober - CFO & Senior VP

Conference Call Participants

Thomas O'Malley - Barclays Bank PLC, Research Division
Blayne Curtis - Jefferies LLC, Research Division
Vivek Arya - BofA Securities, Research Division
Quinn Bolton - Needham & Company, LLC, Research Division
Tore Svanberg - Stifel, Nicolaus & Company, Incorporated, Research Division
Sean O'Loughlin - TD Cowen, Research Division
Christopher Rolland - Susquehanna Financial Group, LLLP, Research Division
William Stein - Truist Securities, Inc., Research Division
Karl Ackerman - BNP Paribas, Research Division
Timothy Savageaux - Northland Capital Markets, Research Division

Presentation

Operator

Welcome to MACOM's Third Fiscal Quarter 2026 Conference Call. This call is being recorded today, Thursday, August 6, 2026. [Operator Instructions] I will now turn the call to Ms. Stephen Ferranti, MACOM's Senior Vice President of Corporate Development and Investor Relations. Mr. Ferranti, please go ahead.

Stephen Ferranti
Senior Vice President of Corporate Development & Investor Relations

Thank you, Olivia. Good morning, and welcome to our call to discuss MACOM's financial results for the third fiscal quarter of 2026.

I would like to remind everyone that our discussion today will contain forward-looking statements, which are subject to certain risks and uncertainties as defined in the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those discussed today.

For a more detailed discussion of the risks and uncertainties that could result in those differences, we refer you to MACOM's filings with the SEC. Management's statements during this call will also include a discussion of certain adjusted non-GAAP financial information. A reconciliation of GAAP to adjusted non-GAAP results are provided in the company's

For the quarter ended June 2026, Onto Innovation (ONTO - Free Report) reported revenue of $343.13 million, up 35.3% over the same period last year. EPS came in at $1.93, compared to $1.25 in the year-ago quarter.

The reported revenue compares to the Zacks Consensus Estimate of $325.6 million, representing a surprise of +5.38%. The company delivered an EPS surprise of +14.88%, with the consensus EPS estimate being $1.68.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how Onto Innovation performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

Geographic Revenue- South Korea: $100.61 million versus $81.15 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +21.7% change.Geographic Revenue- China: $14.71 million compared to the $26.93 million average estimate based on two analysts. The reported number represents a change of -15.2% year over year.Geographic Revenue- Japan: $9.48 million versus the two-analyst average estimate of $32.78 million. The reported number represents a year-over-year change of -71.9%.Geographic Revenue- Taiwan: $106.41 million compared to the $101.27 million average estimate based on two analysts. The reported number represents a change of +62.2% year over year.Geographic Revenue- United States: $84.37 million versus $43.92 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +206.2% change.Revenue- Systems and software: $294.04 million versus $272.02 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +37.1% change.Revenue- Service: $20.38 million versus $24 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +5.9% change.Revenue- Parts: $28.71 million versus $30.13 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +44.7% change.View all Key Company Metrics for Onto Innovation here>>>

Shares of Onto Innovation have returned -5.3% over the past month versus the Zacks S&P 500 composite's +3.3% change. The stock currently has a Zacks Rank #1 (Strong Buy), indicating that it could outperform the broader market in the near term.

WillScot Holdings Corporation (WSC) Q2 2026 Earnings Call August 6, 2026 5:30 PM EDT

Company Participants

Charles Wohlhuter - Senior Director of Investor Relations
Timothy Boswell - CEO, President & Director
Matthew Jacobsen - Executive VP & CFO

Conference Call Participants

Kyle Menges - Citigroup Inc., Research Division
Timothy Mulrooney - William Blair & Company L.L.C., Research Division
Scott Schneeberger - Oppenheimer & Co. Inc., Research Division
Angel Castillo Malpica - Morgan Stanley, Research Division
Andrew J. Wittmann - Robert W. Baird & Co. Incorporated, Research Division
Margaret Grady - Jefferies LLC, Research Division
Ronan Kennedy
Joshua Chan - UBS Investment Bank, Research Division
Faiza Alwy - Deutsche Bank AG, Research Division

Presentation

Operator

Welcome to WillScot's Second Quarter 2026 Earnings Conference Call. My name is Chereine, and I will be your operator for today's call. Please note that this conference is being recorded.

I will now turn the call over to Charlie Wohlhuter, Senior Director of Investor Relations. Charlie, you may begin.

Charles Wohlhuter
Senior Director of Investor Relations

All right. Thank you, Chereine. Good afternoon, and welcome to our second quarter 2026 earnings call. With me in the room today are Worthing Jackman, our Executive Chairman; Tim Boswell, President and Chief Executive Officer; and Matt Jacobsen, our Chief Financial Officer. Today's presentation material may be found on our Investor Relations website at investors.willscot.com.

Before we begin, I'd like to direct your attention to Slide 2 of our posted presentation containing our safe harbor statement. We will be making forward-looking statements during the presentation and our Q&A session. Our business and operations are subject to a variety of risks and uncertainties, many of which are beyond our control. As a result, our actual results may differ materially from comments made on today's call. For a more complete description of the factors that could cause actual results to differ and other possible risks, please refer to

Casella (CWST - Free Report) came out with quarterly earnings of $0.4 per share, beating the Zacks Consensus Estimate of $0.27 per share. This compares to earnings of $0.36 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of +48.15%. A quarter ago, it was expected that this provider of garbage-disposal and recycling services would post earnings of $0.1 per share when it actually produced earnings of $0.2, delivering a surprise of +100%.

Over the last four quarters, the company has surpassed consensus EPS estimates four times.

Casella, which belongs to the Zacks Waste Removal Services industry, posted revenues of $543.75 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 1.57%. This compares to year-ago revenues of $465.33 million. The company has topped consensus revenue estimates three times over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

Casella shares have lost about 8.1% since the beginning of the year versus the S&P 500's gain of 12.8%.

What's Next for Casella?While Casella has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Ahead of this earnings release, the estimate revisions trend for Casella was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.39 on $551.2 million in revenues for the coming quarter and $1.06 on $2.08 billion in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Waste Removal Services is currently in the bottom 31% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

LanzaTech Global, Inc. (LNZA - Free Report) , another stock in the same industry, has yet to report results for the quarter ended June 2026. The results are expected to be released on August 14.

This company is expected to post quarterly loss of $0.76 per share in its upcoming report, which represents a year-over-year change of +94.9%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.

LanzaTech Global, Inc.'s revenues are expected to be $13.1 million, up 44.3% from the year-ago quarter.

CNBC's Jim Cramer said Thursday Ralph Lauren's years-long stock market outperformance is no accident.

"Retail's really hard ... Louvet makes it look easy," the "Mad Money" host said of the legacy apparel brand's CEO Patrice Louvet.

Louvet joined Ralph Lauren in July 2017 after spending nearly three decades at Procter & Gamble. Shares have soared roughly 444% since he took the helm, compared to a roughly 214% gain in the benchmark S&P 500 during the same period.

The stock added another nearly 4% Thursday after Ralph Lauren reported better-than-expected earnings and revenue. Cramer said the results were the latest example of why the retail giant has consistently outperformed both its retail peers and the broader market.

According to Cramer, Ralph Lauren's success comes down to three priorities: elevating the brand, expanding its core business while introducing new growth opportunities and building deeper relationships with consumers in key cities around the world.

On the branding front, Cramer pointed to Ralph Lauren's association with prestigious sporting events and luxury destinations, as well as its ability to attract younger consumers through what management calls "cinematic storytelling." He noted the company added 1.5 million social media followers during the quarter across Instagram, TikTok, LINE and Douyin.

He also credited Ralph Lauren for continuing to refresh its product assortment with new women's offerings and limited-edition collections, while maintaining the timeless products that define the brand.

The strategy has translated into broad-based growth, Cramer said. Comparable sales rose 9% in North America and 23% in Asia, including 40% growth in China. Importantly, Cramer noted those gains came largely from full-price selling rather than promotions or markdowns.

Just as important, Cramer said, the company has remained disciplined operationally. Inventories declined 3% during the quarter while operating margins expanded, a sign that management continues to balance growth with profitability.

Cramer said this should serve as a blueprint for anyone trying to understand what separates great retailers from average ones.

"For anyone who aspires to own a retail stock, before you take a position in one, I'm begging you to read this Ralph Lauren conference call," Cramer said. "That's the highest praise I can offer."

Progyny (PGNY - Free Report) came out with quarterly earnings of $0.55 per share, beating the Zacks Consensus Estimate of $0.51 per share. This compares to earnings of $0.48 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of +7.84%. A quarter ago, it was expected that this provider of fertility and family building benefits would post earnings of $0.44 per share when it actually produced earnings of $0.5, delivering a surprise of +13.64%.

Over the last four quarters, the company has surpassed consensus EPS estimates four times.

Progyny, which belongs to the Zacks Medical Services industry, posted revenues of $350.51 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 0.38%. This compares to year-ago revenues of $332.87 million. The company has topped consensus revenue estimates four times over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

Progyny shares have added about 22.2% since the beginning of the year versus the S&P 500's gain of 12.8%.

What's Next for Progyny?While Progyny has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Ahead of this earnings release, the estimate revisions trend for Progyny was favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #1 (Strong Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.52 on $352.05 million in revenues for the coming quarter and $2.04 on $1.38 billion in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Medical Services is currently in the top 42% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

Another stock from the same industry, Auna S.A. (AUNA - Free Report) , has yet to report results for the quarter ended June 2026. The results are expected to be released on August 18.

This company is expected to post quarterly earnings of $0.26 per share in its upcoming report, which represents a year-over-year change of -21.2%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.

Auna S.A.'s revenues are expected to be $350.52 million, up 13.4% from the year-ago quarter.

Doximity (DOCS - Free Report) reported $156.62 million in revenue for the quarter ended June 2026, representing a year-over-year increase of 7.3%. EPS of $0.29 for the same period compares to $0.36 a year ago.

The reported revenue represents a surprise of +3.24% over the Zacks Consensus Estimate of $151.7 million. With the consensus EPS estimate being $0.30, the EPS surprise was -3.33%.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how Doximity performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

Number of customers with at least $500,000 of revenue: 127 versus the two-analyst average estimate of 129.Revenues- Other: $10.32 million versus $9.04 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +28.4% change.Revenues- Subscription: $146.3 million compared to the $142.87 million average estimate based on three analysts. The reported number represents a change of +6.1% year over year.View all Key Company Metrics for Doximity here>>>

Shares of Doximity have returned -0.3% over the past month versus the Zacks S&P 500 composite's +3.3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

All monetary amounts are expressed in U.S. dollars, unless otherwise indicated.

Toronto, Ontario--(Newsfile Corp. - August 6, 2026) - IAMGOLD Corporation (NYSE: IAG) (TSX: IMG) ("IAMGOLD" or the "Company") today reported its financial and operating results for the second quarter ended June 30, 2026.

"IAMGOLD delivered another strong and safe quarter, producing 188,100 ounces of gold and generating $507.3 million of adjusted EBITDA, keeping us firmly on track to achieve our full-year guidance of 720,000 to 820,000 ounces," said Renaud Adams, President and CEO. "At Côté Gold, the replacement of the conveyor belt in May and the commissioning of our second cone crusher allowed the plant to operate at near full capacity in June, and with contracted crushing now behind us, we expect production to increase and unit costs to decline through the second half of the year. Westwood and Essakane again delivered solid results. Our balance sheet has never been stronger, with a net cash position and $1.3 billion in liquidity, while returning nearly $150 million to shareholders in the quarter through our buyback program."

"Beyond this near-term progress, the scale of Côté's long-term potential continues to grow. As we advanced our technical work this year, the consolidation of the Côté and Gosselin Mineral Resources, now exceeding 20 million ounces of Measured and Indicated, materially expanded the opportunity set in front of us - and we have chosen to take the time to thoroughly evaluate rather than constrain it to a single scenario. As a result, the details of the updated technical report which are expected in the fourth quarter will outline a clear, near-term path to increase processing rates toward 40,000 tonnes per day through targeted debottlenecking, supported by a significantly larger reserve base, extended mine life and further cost optimization. Concurrently, we will continue to advance trade-off studies on a further expansion of the project, reflecting our growing conviction in the size and quality of this world-class asset and its ability to support a larger operation over the long term. With a strengthened balance sheet and a compelling pipeline of growth across Côté, Essakane, Westwood and Nelligan, IAMGOLD is exceptionally well positioned to create lasting value for our shareholders."

HIGHLIGHTS:

Operating and Financial

Attributable gold production was 188,100 ounces in the second quarter and 371,700 ounces year-to-date ("YTD"), with the Company on track to achieve its 2026 production guidance of 720,000 to 820,000 ounces.

Côté produced 67,300 attributable ounces (96,200 ounces | 100%) in the second quarter and 119,600 attributable ounces YTD (170,900 ounces | 100%). Production at Côté is expected to be higher in the second half of the year driven by increased processing rates as the impact from recent operational improvements continue to be realized;

Westwood produced 32,400 ounces in the second quarter and 68,600 ounces YTD; and

Essakane produced 88,400 attributable ounces (104,000 ounces | 100%) in the second quarter and 183,500 attributable ounces (215,900 ounces | 100%) YTD.

Revenues in the second quarter totaled $856.9 million from sales of 195,100 ounces at an average realized gold price1 of $4,384 per ounce and $1,887.0 million YTD from sales of 406,600 ounces at an average realized gold price of $4,631 per ounce.

Cost of sales per ounce sold was $1,651 ($1,635 YTD), cash cost1 per ounce sold, excluding royalties was $1,289 ($1,244 YTD), cash cost1 per ounce sold, including royalties was $1,642 ($1,624 YTD), and all-in sustaining cost1 ("AISC")1 per ounce sold was $2,271 ($2,195 YTD).

Net earnings and adjusted net earnings attributable to equity holders1 for the second quarter was $230.5 million ($610.2 million YTD) and $241.6 million ($632.7 million YTD), respectively.

Net earnings and adjusted net earnings per share attributable to equity holders1 for the second quarter of $0.40 ($1.05 YTD) and $0.42 ($1.09 YTD), respectively.

Net cash from operating activities was $445.1 million for the second quarter ($1,015.0 million YTD). Net cash from operating activities, before movements in working capital and non-current ore stockpiles1, was $442.9 million for the second quarter ($1,072.4 million YTD).

Earnings before interest, income taxes, depreciation and amortization ("EBITDA")1 was $495.3 million for the second quarter ($1,152.3 million YTD), and adjusted EBITDA1 was $507.3 million ($1,173.6 million YTD).

Mine-site free cash flow1 was $368.9 million during the second quarter ($893.5 million YTD).

The Company has available liquidity1 of $1,348.1 million as at June 30, 2026. Cash and cash equivalents was $501.4 million and the available balance of the revolving credit facility ("Credit Facility") was $845.7 million. Net cash, excluding leases and letters of credit1, was $52.2 million.

In health and safety, for the quarter ended June 30, 2026, the Company reported a total recordable injuries frequency rate ("TRIFR") of 0.70 and is tracking at 0.56 for the year. IAMGOLD is continuing to advance its critical risk management program and visible leadership to improve safety and reduce high-potential incidents.

Corporate

Continued cash flow generation in the second quarter allowed the Company to: purchase $147.9 million IAMGOLD shares (8.6 million shares) as part of the share buyback program and repay the remaining $100 million balance of its Credit Facility. Subsequent to quarter end and up to August 5, 2026, the Company has purchased an additional 3.5 million shares for $52.5 million and has purchased 27.9 million shares for $510.4 million since the inception of the program in December 2025. The Company intends to continue to use cash flow from Essakane to repurchase shares under its share buyback program as the cash is generated and repatriated from Essakane over the course of 2026.

In June 2026, the Company completed the repatriation of $680.7 million from Essakane that represented its portion, net of withholding taxes, of the record $855 million dividend declared in 2025 payable to the Government of Burkina Faso and IAMGOLD. Total cash repatriated in the second quarter was $197.1 million, and $409.8 million year-to-date.

In June 2026, Essakane declared its 2026 dividend of approximately $500 million from its 2025 profits. The Company's portion, net of the Government of Burkina Faso portion and withholding taxes, is approximately $400 million. The Company received $44 million subsequent to quarter end as a first dividend installment and expects to receive a further $45 million in August. The remaining balance is expected to be distributed at regular intervals based on the cash generated in excess of working capital requirements by Essakane.

On June 17, 2026, the Company announced the strengthening of its financial position and flexibility by amending its revolving Credit Facility, increasing total capacity from $650 million to $850 million, extending maturity to June 2030, decreasing costs and improved covenants. The facility also includes an additional $250 million accordion feature, offering further liquidity potential. The Credit Facility remains undrawn.

On June 1, 2026, the Company announced an updated Mineral Resource estimate for the Côté Gold Mine, reflecting the integration of the Côté and Gosselin zones in a consolidated block model. Measured and Indicated Mineral Resources for Côté Gold on a consolidated basis increased to 20.3 million ounces, with an additional 3.5 million ounces of Inferred Mineral Resources. The updated Mineral Resource estimate will inform the upcoming Côté Gold Technical Report and mine plan, with the results to be announced in the fourth quarter 2026.

 On August 6, 2026, the Company announced that Ms. Catherine McLeod-Seltzer has been appointed to the Company's Board of Directors effective September 1, 2026. Ms. McLeod-Seltzer, who was inducted into the Canadian Mining Hall of Fame in 2026, brings more than four decades of mining industry experience as both a senior executive and public-company director.

QUARTERLY REVIEW

For more details and the Company's overall outlook for 2026, see "Outlook", and for individual mines performance, see "Operations". The following table summarizes certain operating and financial results for the three months ended June 30, 2026 (Q2 2026), June 30, 2025 (Q2 2025) and the six months ended June 30 (H1 or YTD) 2026 and 2025, and certain measures of the Company's financial position as at December 31, 2025.

Q2 2026

Q2 2025

YTD 2026

YTD 2025
Key Operating Statistics ($ millions)

Gold production - attributable (000s oz)
188.1

173.0

371.7

334.0
- Côté Gold1
67.3

67.0

119.6

118.1
- Westwood
32.4

29.4

68.6

53.3
- Essakane2
88.4

76.6

183.5

162.6
Gold sales - attributable (000s oz)
180.2

173.4

373.9

338.1
- Côté Gold1
66.9

68.4

122.0

120.0
- Westwood
29.2

28.6

66.7

55.8
- Essakane2
84.1

76.4

185.2

162.3
Cost of sales3 ($/oz sold) $1,651
$1,561
$1,635
$1,514
- Côté Gold1$1,562
$1,222
$1,630
$1,240
- Westwood$1,624
$1,577
$1,440
$1,562
- Essakane2$1,730
$1,858
$1,707
$1,700
Cash costs4 - excluding royalties ($/oz sold) $1,289
$1,340
$1,244
$1,311
- Côté Gold1$1,245
$997
$1,301
$1,030
- Westwood$1,606
$1,562
$1,417
$1,545
- Essakane2$1,214
$1,565
$1,143
$1,437
Cash costs4 ($/oz sold) $1,642
$1,556
$1,624
$1,509
- Côté Gold1$1,554
$1,219
$1,622
$1,237
- Westwood$1,606
$1,562
$1,417
$1,545
- Essakane2$1,724
$1,855
$1,700
$1,697
AISC4 - excluding royalties ($/oz sold) $1,918
$1,825
$1,815
$1,778
- Côté Gold1$1,773
$1,389
$1,773
$1,418
- Westwood$2,163
$2,140
$1,921
$2,132
- Essakane2$1,691
$1,934
$1,602
$1,764
AISC4 ($/oz sold) $2,271
$2,041
$2,195
$1,976
- Côté Gold1$2,082
$1,611
$2,094
$1,625
- Westwood$2,163
$2,140
$1,921
$2,132
- Essakane2$2,201
$2,224
$2,159
$2,024
Average realized gold price ($/oz)$4,384
$3,182
$4,631
$2,961
Attributable portion for Côté Gold is based on IAMGOLD's ownership of 70%. See "Operations - Côté Gold, Canada" for more details.IAMGOLD's Essakane ownership interest decreased from 90% to 85% effective June 20, 2025. See "Operations - Essakane, Burkina Faso" for more details. The attributable portion for Essakane is presented as 90% for the first half of 2025 and 85% for the second half of 2025 throughout this news release.Excludes depreciation - as disclosed in the segment note in the consolidated interim financial statements.Refer to the "Non-GAAP Financial Measures" disclosure at the end of this news release for a description and calculation of these measures.

Q2 2026

Q2 2025

YTD 2026

YTD 2025
Financial Results ($ millions)

Revenues$856.9
$580.9
$1,887.0
$1,058.0
Gross profit$415.1
$198.8
$985.8
$340.0
EBITDA1$495.3
$283.8
$1,152.3
$479.0
Adjusted EBITDA1$507.3
$276.4
$1,173.6
$480.9
Net earnings attributable to equity holders$230.5
$78.7
$610.2
$118.4
Adjusted net earnings attributable to equity holders1$241.6
$77.3
$632.7
$132.5
Net earnings per share attributable to equity holders $0.40
$0.14
$1.05
$0.21
Adjusted net earnings per share attributable to equity holders1 $0.42
$0.13
$1.09
$0.23
Net cash from operating activities before changes in working capital1 $442.9
$127.3
$1,072.4
$232.2
Basic weighted average number of common shares outstanding (in millions)
578.0

575.1

582.7

573.8
Net cash from operating activities$445.1
$85.8
$1,015.0
$160.1
Mine-site free cash flow1$368.9
$140.5
$893.5
$280.1
Capital expenditures1 - sustaining $96.3
$78.4
$184.9
$140.1
Capital expenditures1 - expansion$22.0
$8.9
$34.8
$14.2

June 30
December 31

2026

2025
Financial Position ($ millions)

Cash and cash equivalents$501.4
$421.9
Long-term debt$449.3
$649.8
Net cash (debt) excluding lease liabilities and letters of credit$52.2
$(228.1)Net cash (debt)1$(42.6)$(344.4)Available Credit Facility$845.7
$445.7
Refer to the "Non-GAAP Financial Measures" disclosure at the end of this news release for a description and calculation of these measures. OUTLOOK

Production (000 oz)

YTD 2026Full Year 
Guidance 2026Côté Gold - (70%)119.6270 - 310Westwood - (100%)68.6110 - 130Essakane - (85%)183.5340 - 380Total attributable production (000s oz)371.7720 - 820Total attributable production for IAMGOLD in 2026 is expected to be in the range of 720,000 to 820,000 ounces. Production at Côté is expected to be higher in the second half of the year, driven by increased processing rates as recent operational improvements continue to be realized. For further details, refer to the "Operations" section of each mine below.

Costs

YTD 2026Full Year
Guidance3 2026Côté Gold

Cash costs - excluding royalties ($/oz sold)$1,301$900 - $1,050 Cash costs - including royalties3 ($/oz sold)$1,622$1,200 - $1,350 AISC - excluding royalties3 ($/oz sold)$1,773$1,475 - $1,625 AISC - including royalties3 ($/oz sold)$2,094$1,775 - $1,925Westwood

Cash costs ($/oz sold)$1,417$1,500 - $1,650 AISC ($/oz sold)$1,921$1,950 - $2,100Essakane

Cash costs - excluding royalties ($/oz sold)$1,143$1,150 - $1,300 Cash costs - including royalties3 ($/oz sold)$1,700$1,600 - $1,750 AISC - excluding royalties3 ($/oz sold)$1,602$1,550 - $1,700 AISC - including royalties3 ($/oz sold)$2,159$2,000 - $2,150Consolidated

Cost of sales1 ($/oz sold)$1,635$1,425 - $1,575 Cash costs1,2 - excluding royalties ($/oz sold)$1,244$1,100 - $1,250 Cash costs1,2 - including royalties3 ($/oz sold) $1,624$1,425 - $1,575 AISC1,2 - excluding royalties3 ($/oz sold)$1,815$1,675 - $1,825 AISC1,2 - including royalties3 ($/oz sold)$2,195$2,000 - $2,150Consists of Côté Gold, Westwood and Essakane on an attributable basis of 70%, 100%, and 85%, respectively.This is a non-GAAP financial measure. See "Non-GAAP Financial Measures".Guidance for cash costs and AISC, including royalties, assumes a $4,000 per ounce gold price in the estimate of royalties per ounce. Cash costs on a consolidated basis, excluding royalties, are expected to be in the upper half of the range of $1,100 to $1,250 per ounce sold. Cash costs are expected to be lower in the second half of the year, reflecting the expected increase in Côté Gold's production over the second half of the year. AISC on a consolidated basis, excluding royalties, are expected to be in the upper range of $1,675 to $1,825 per ounce sold.

The guidance for cash costs and AISC, including royalties, was established using a gold price assumption of $4,000 per ounce for the year. The amount of royalties included in cash costs and AISC was $380 per ounce year-to-date, $55 per ounce higher than guidance, as the average realized price of gold sold in the first half was $4,631, or $631 per ounce above the gold price assumption used in guidance estimates. Refer to the table below for the sensitivity of royalties based on gold price.

Royalty Sensitivities

$ per ounce soldGold PriceConsolidatedCôté GoldEssakane$3,500$270$245$350$4,000 (guidance price)$325$300$450$4,500$390$340$540$5,000$440$385$600The realized gold price in the first half of the year averaged $4,631 per ounce. The full year guidance for 2026 is based on the following assumptions (before the impact of hedging): an average realized gold price of $4,000 per ounce, USD/CAD exchange rate of 1.35, EUR/USD exchange rate of 1.18, average Brent oil price of $65 per barrel and West Texas Intermediate (WTI) price of $65 per barrel. On oil price, the Company estimates that for a $10 per barrel increase, the impact on the direct cost of fuel would increase costs by approximately $12 per ounce, exclusive of broader indirect inflationary pressures on input costs and the supply chain.

During the first half of 2026 price escalation of approximately 3% has been observed across certain commodity inputs, which remained within the Company's inflation expectations. The Company continuously evaluates key commodity indices and forward supplier pricing guidance to proactively identify areas of potential cost inflation to inform any price mitigation measures that may be warranted. For further information on the expected impacts from fluctuation in guidance assumptions, refer to the Sensitivity Impact table included in the "Financial Condition" section.

Capital Expenditures

YTD 2026

Full Year Guidance 20261
($ millions)Sustaining

Expansion

Total
Sustaining

Expansion

Total
Côté Gold (70%)$55.4
$27.1
$82.5
$160
$85
$245
Westwood (100%)
33.3

6.7

40.0

55

30

85
Essakane (100%)
96.2

1.0

97.2

165

5

170
Total2$184.9
$34.8
$219.7
$380
$120
$500
Capital expenditures guidance (±5%).Includes $7 million of capitalized exploration and evaluation expenditures also included in the Exploration Outlook guidance table.Sustaining capital expenditures are expected to be approximately $380 million ±5%. Sustaining capital at Côté Gold, on an attributable basis, is expected to total $160 million ±5%, an increase from the prior year due to additional non-recurring plant and infrastructure design changes and improvements identified during the ramp-up to optimize operations and operating costs. Côté Gold's capital expenditures are expected to be higher in the second half of the year due to the timing of equipment deliveries and the scheduling of projects.

Expansion capital expenditures are expected to total $120 million ±5% in 2026. The expansion capital at Côté Gold is to de-risk the contemplated Côté expansion; early works include basic mill infrastructure and a significant pushback to expand the operating area of the pit. Additional expansion capital is associated with development works at Westwood to support the study of options to increase mining volumes including the potential for bulk mining in the eastern parts of Westwood underground.

Exploration Outlook

YTD 2026

Full Year Guidance 2026
($ millions)
Capitalized

Expensed

Total

Capitalized

Expensed

Total
Exploration projects - greenfield$10.8
$13.3
$24.1
$11
$34
$45
Exploration projects - brownfield
3.8

1.0

4.8

7

2

9

$14.6
$14.3
$28.9
$18
$36
$54
Exploration expenditures for 2026 are expected to be approximately $54 million, the majority of which will be expensed. The Nelligan Mining Complex is the primary focus for exploration in 2026, with an estimated spend of approximately $24 million (including the construction of certain infrastructure to support an expanding program), followed by Côté Gold at approximately $5 million attributed to IAMGOLD, and Essakane at approximately $6 million.

Income Taxes Paid and Depreciation Outlook

($ millions)YTD 2026Full Year
Guidance 2026Depreciation expense $234.3$480 (±5%)Income taxes paid $100.9$205 - $215The Company expects to pay cash taxes in the range of $205 to $215 million during 2026. Cash tax payments do not occur evenly by quarter, as amounts paid in a quarter can include payments of the final balance of the prior year taxes and payments of instalments for the current year, both required to be made at times as prescribed by different countries. There are no significant cash taxes expected in respect of the new global minimum top-up taxes ("GloBE").

Depreciation expense for 2026 is expected to be $480 million (±5%) corresponding with production levels and depletion of certain pit phases for which waste stripping costs have been capitalized.

ENVIRONMENTAL, SOCIAL AND GOVERNANCE

The Company released its 2025 Sustainability Report on April 27, 2026. The report draws upon various ESG frameworks and standards and internationally recognized methodologies such as the Global Reporting Initiative and Sustainability Accounting Standards Board. In June 2026, the Company was named one of Canada's Best 50 Corporate Citizens by Corporate Knights for 2026.

Health and Safety

The TRIFR in the second quarter was 0.70 as of June 30, 2026, compared to 0.41 as of June 30, 2025, and tracking at 0.56 for the year. IAMGOLD is continuing to advance its critical risk management program and visible leadership to improve safety and reduce high-potential incidents.

Environmental

There were zero significant environmental incidents reported for the quarter. Essakane updated its 2019 Closure Plan and submitted the revised plan to the Burkina Faso authorities in June 2026, as required by regulation.

Social Performance

During the second quarter 2026, IAMGOLD continued its strong relationship with local communities at each of our sites, including supporting community-based and wellness-focused initiatives. Notable investments included the donation of medical equipment to healthcare facilities servicing the local communities near Essakane early this spring; Westwood's participation in the Social Investment Fund of the Mining Industry (FISM) of Abitibi-Témiscamingue, launched in April 2026; and Côté Gold's funding for Dynamic Earth Sudbury and Timmins Hospital.

Indigenous Relations

As a Canadian business committed to responding to the Truth and Reconciliation Commission of Canada's Calls to Action, IAMGOLD is continuing to advance a company-wide initiative to articulate how it works with Indigenous peoples beyond reconciliation, towards a future that builds upon the Company's experiences and reflects its values. This work is intended to support the creation of a coherent vision for reconciliation and a roadmap to help guide the Company's actions as an organization, embedding reconciliation more intentionally across the organization, and defining actions to guide respectful, mutually beneficial relationships with Indigenous communities.

In the second quarter 2026, IAMGOLD launched a 5-pathway reconciliation plan, along with new mandatory awareness training for all its Canada-based employees titled "Indigenous Peoples of Canada: An Introduction to History and Relationship".

Culture and Inclusion

IAMGOLD includes annual objectives to support its efforts in integrating culture and inclusion into the strategy and corporate scorecard, for the annual objectives, and tracks metrics in site and corporate reports for visibility and measurement. As of June 30, 2026, women accounted for 33% of the Company's executive leadership team.

OPERATIONS

Côté Gold Mine (IAMGOLD interest - 70%) | Ontario, Canada

Q2 2026

Q2 2025

YTD 2026

YTD 2025
Key Operating Statistics (100% basis, unless otherwise stated)

Ore mined (000s t)
3,072

3,170

6,625

6,285
Grade mined (g/t)
0.86

0.95

0.93

0.87
Operating waste mined (000s t)
4,856

5,838

9,803

11,505
Capital waste mined (000s t)
3,808

2,800

4,634

4,773
Total material mined (000s t)
11,736

11,808

21,062

22,563
Strip ratio1
2.8

2.7

2.2

2.6
Ore milled (000s t)
2,873

2,930

5,214

5,027
Head grade (g/t)
1.12

1.10

1.10

1.13
Recovery (%)
93

93

93

93
Gold production (000s oz) - 100%
96.2

96.2

170.9

169.2
Gold production (000s oz) - 70%
67.3

67.0

119.6

118.1
Gold sales (000s oz) - 100%
95.5

98.1

173.9

171.9
Gold sales (000s oz) - 70%
66.9

68.4

122.0

120.0
Average realized gold price2 ($/oz)$4,379
$3,336
$4,584
$3,160
Financial Results ($ millions - attributable interest)
 

 

 

 
Revenues$293.2
$229.2
$560.3
$380.4
Cost of sales3
104.3

83.9

198.8

149.1
Production costs
82.8

68.0

160.2

124.4
(Increase)/decrease in finished goods
0.9

0.7

(0.5)
(0.1)Royalties4
20.6

15.2

39.1

24.8
Cash costs2
103.9

83.6

197.9

148.7
Sustaining capital expenditures2
36.6

27.2

55.4

45.4
Expansion capital expenditures2
18.0

6.6

27.1

9.7
Total sustaining and expansion capital expenditures2
54.6

33.8

82.5

55.1
Earnings from operations
141.6

101.5

272.6

151.2
Mine-site free cash flow2
150.3

93.9

262.2

151.5
Unit costs per tonne2
 

 

 

 
Mine costs per operating tonne mined2$4.49
$3.88
$4.83
$3.69
Mill costs per tonne milled2$20.85
$16.94
$22.54
$18.30
G&A costs per tonne milled2$8.36
$5.80
$8.72
$7.09
Operating costs per ounce5
 

 

 

 
Cost of sales excluding depreciation ($/oz sold)$1,562
$1,222
$1,630
$1,240
Cash costs2 - excluding royalties ($/oz sold)$1,245
$997
$1,301
$1,030
Cash costs2 ($/oz sold)$1,554
$1,219
$1,622
$1,237
AISC2 - excluding royalties ($/oz sold)$1,773
$1,389
$1,773
$1,418
AISC2 - including royalties ($/oz sold)$2,082
$1,611
$2,094
$1,625
Strip ratio is calculated as waste mined divided by ore mined.This is a non-GAAP financial measure. See "Non-GAAP Financial Measures". Excludes depreciation - as disclosed in the segment note in the consolidated interim financial statements.Includes the 7.5% gross margin royalty and various net smelter return royalties.Cost of sales, cash costs excluding royalties cash costs and AISC per ounce sold may not be calculated based on amounts presented in this table due to rounding.Operations

Côté Gold attributable gold production in the second quarter 2026 was 67,300 ounces (96,200 ounces | 100%), in line with the prior year period, as the processing plant operated at near full capacity in June following the successful replacement of the conveyor belt in May and commissioning of the second cone crusher to start the year.

Mining activity totaled 11.7 million tonnes in the second quarter 2026, in line with the same prior year period. Ore tonnes mined were 3.1 million tonnes, or 3% lower than the prior year period, due to a slightly higher strip ratio of 2.8:1 as mining activities progressed in pushback areas. The average grade mined was 0.86 g/t in the second quarter 2026, a decrease of 9% over the prior year period, in line with expectations as mining was focused on opening up a new bench for the second half of the year.

Mill throughput in the second quarter 2026 totaled 2.9 million tonnes, substantially in line with the prior year period. Throughput was being managed early in the quarter prior to the conveyor belt replacement in late May. Following the new belt installation, plant capacity was ramped up to nameplate, with over 1.0 million tonnes processed in June. Head grades averaged 1.12 g/t, in line with the prior year period, at average recoveries of 93%. The reconciliation between the reserve models, grade control models, mill feed and production continue to be well within expected tolerances.

The Company discontinued the use of external contractor crushing by the end of June 2026. This supplemental crushing had originally been contracted in 2025 to support operational targets due to constraints in the crushing circuit which were addressed through the installation of a second cone crusher at the beginning of the year. Processing cost improvements were realized in June as contracted crushing was reduced, with average processing costs in June of $17.72 per tonne, down from an average of $22.50 per tonne over the prior three quarters. Additional operational benefits from the debottlenecked crushing circuit have been realized downstream with improved wear rates on the high pressure grinding rolls (HPGR) rollers with better sized material now feeding the HPGR. A longer HPGR lifespan is expected to translate into reduced maintenance costs and improved crushing circuit availability. Improvements to mining unit costs are expected to be realized in the coming quarters as the mining fleet previously required to support the external contractor crushing is redeployed on mining activities.

Financial Performance (70% basis) - Q2 2026 Compared to Q2 2025

Production costs of $82.8 million during the three months ended June 30, 2026, were $14.8 million or 22% higher than the same prior year period primarily from higher use of external contractor crushing services, contractor costs to support the conveyor repairs and scheduled maintenance described above, higher mine maintenance as the mining fleet commenced the first series of rebuilds, as well as increased diesel prices resulting from the conflict in the Middle East and higher electricity prices.

While mining and milling costs remained elevated in the second quarter 2026, the Company continues to execute its plans to reduce mining and milling costs towards 2026 year-end targets of $4/t and $15/t respectively and realize further reductions in 2027 onwards.

Mining costs averaged $4.49 per tonne mined during the three months ended June 30, 2026. Mining costs were impacted by higher diesel costs, increased cost of tires consumed, the continued operation of the external contractor crusher that increases rehandling and utilization of haul trucks, as well as increased maintenance efforts as the hauling fleet approaches mid-life. The impact from the contracted crushing is expected to reduce as the contractor was phased out by the end of June.

Milling costs were $20.85 per tonne milled during the three months ended June 30, 2026. Unit costs remained higher in the second quarter due to the utilization of the external contractor crusher, the scheduled maintenance shutdowns and repair works described above, in addition to higher electricity prices. Unit cost improvements were realized in June, averaging $17.72 per tonne over the month, as external contractor crushing was phased out by the end of the month. Further milling cost improvements are expected through the second half of the year on increased volumes and maintenance cycle improvements.

G&A costs were $8.36 per tonne milled during the three months ended June 30, 2026

Cost of sales, excluding depreciation, of $104.3 million was $20.4 million or 24% higher than the prior year period, primarily due to higher production costs and higher royalties. Cost of sales per ounce sold, excluding depreciation, of $1,562 was $340 or 28% higher due to higher cost of sales and lower sales volume.

Cash costs, excluding royalties, of $83.3 million were $14.9 million or 22% higher than the prior year period, primarily due to higher production costs. Cash cost per ounce sold, excluding royalties, of $1,245, was higher by $248 or 25%, due to higher cash costs and lower sales volume.

Royalties during the three months ended June 30, 2026, were $20.6 million or $309 per ounce (20% of cash costs), 36% higher compared to the prior year period due to higher gold prices.

Cash costs, including royalties, of $103.9 million were $20.3 million or 24% higher than the prior year period, primarily due to higher production costs and royalties. Cash cost per ounce sold of $1,554 was higher by $335 or 27% due to higher cash costs and lower sales volume.

AISC per ounce sold of $2,082 was higher by $471 or 29%, primarily due to higher cash costs per ounce sold and higher capital expenditure.

Capital expenditures totaled $54.6 million ($77.9 million | 100%) in the second quarter 2026. Sustaining capital expenditures totaled $36.6 million ($52.2 million | 100%), including $16.0 million of mobile equipment and critical spares, $10.4 million of tailings infrastructure and related earthworks, $8.5 million of capital projects related to operational improvements and ramp-up, and $1.7 million of capital waste stripping. Expansion capital of $18.0 million ($25.7 million | 100%) included $14.1 million capital waste stripping for the Phase 2 pit expansion along the periphery of the current pit and $3.9 million of related infrastructure improvements.

Mine-site free cash flow, on an attributable basis, was $150.3 million ($214.7 million | 100%) for the three months ended June 30, 2026, with revenues of $293.2 million from gold sales of 66,900 ounces at the realized gold price of $4,379 per ounce, resulting in operating cash flows of $204.0 million ($291.4 million | 100%) offset by capital expenditures totaling $53.7 million ($76.7 million | 100%).

2026 Outlook

Côté Gold attributable production in 2026 is expected to be in the range of 270,000 to 310,000 ounces (390,000 to 440,000 ounces | 100%). The focus in 2026 is on stabilization, optimization, improving the cost structure, and preparing for the contemplated expansion of Côte. Short to medium term capital investment is planned to improve the operating efficiency and cost structure while also systematically investing to derisk future expansions.

Mining activities in 2026 are planning a total of approximately 48 million tonnes of material mined, which includes the pushback to open up the pit to improve mine efficiency and prepare for the contemplated expansion. Mining rates are expected to increase in the second half of the year as the mining fleet supporting the external contractor crusher becomes available and with the commissioning of three new haul trucks. Mill throughput is expected to total approximately 12 million tonnes, with the plant averaging 36,000 tpd (nameplate) over the course of the year. Plant head grades are expected to average between 1.05 g/t and 1.15 g/t. Gold production is expected to be higher in the second half of the year based on increased throughput following the first quarter and higher grades in the second half of the year.

Cash costs, excluding royalties, at Côté Gold are expected to be near the top end of the guidance range of $900 to $1,050 per ounce sold. Cash costs are expected to improve in the second half on increased volumes, higher production and improved unit costs. Côté Gold relies on diesel to operate the haul trucks, while the shovels and processing plant are connected to the grid. The cost estimates for 2026 used an oil price assumption of $65 per barrel for WTI. It is estimated that a $10 increase in the price of oil per barrel would approximately equate to a $7 per ounce increase in costs, exclusive of broader indirect inflationary pressures on input costs and the supply chain. AISC, excluding royalties, are expected to be at the top end of the guidance range of $1,475 to $1,625 per ounce sold. See "Outlook" for guidance and sensitivities on royalties.

Sustaining capital expenditures guidance for Côté Gold is approximately $160 million ±5% ($230 million | 100%) that includes $50 million ($70 million | 100%) of non-recurring capital to improve the operating efficiency and the long-term operating cost structure.

Expansion capital of $85 million ±5% ($120 million | 100%) mainly relates to the planned strategic pit pushback that will provide both operational flexibility in the near term and optionality for an expansion of operations, including the acceleration of certain activities that could provide near-term increases in throughput capacity, including an additional Vertimill in early 2027.

Expansion Opportunities

The Company is planning to announce an updated Côté Gold mine plan and Mineral Reserve estimate in the fourth quarter of 2026, which will be included in a subsequent Technical Report shortly thereafter. The study will incorporate the recently consolidated Côté and Gosselin Mineral Resources and operating assumptions based on production experience to date.

The updated mine plan is expected to demonstrate a significant expansion of Mineral Reserves and life of mine, while outlining near-term opportunities to progressively increase processing capacity beyond the current nameplate, through further debottlenecking and targeted plant improvements, to support sustained processing rates of approximately 40,000 tpd. In parallel, the Company is continuing to evaluate opportunities for a larger-scale expansion of the processing plant, supported by the size and quality of the consolidated Côté-Gosselin resource base and the potential to support a substantially larger operation over the long term. Technical, infrastructure and permitting studies are ongoing to determine the optimal scale, configuration and development path to maximize the long-term value of the operation.

Exploration

On June 1, 2026, the Company announced an updated Mineral Resource estimate for the Côté Gold Mine that reflects the integration of the Côté and Gosselin zones into a consolidated block model with updated economic assumptions, ahead of the upcoming Côté updated mine plan and technical report discussed above.

This updated estimate is with an effective date of March 31, 2026, and highlights include:

Côté Gold Measured and Indicated ("M&I") Mineral Resources (100% basis) on a consolidated basis of 20.3 million ounces of gold, an increase of approximately 2.2 million ounces, or 12%, compared with the December 31, 2025, statement.

Côté Gold Inferred Mineral Resources (100% basis) on a consolidated basis of 3.5 million ounces of gold, an increase of approximately 1.3 million ounces, or 61%, compared with the December 31, 2025, statement.

The exploration program at Côté Gold is ongoing with a focus on the Côté, Gosselin and saddle area. The 2026 Gosselin zone exploration program includes approximately 10,000 metres of diamond drilling to test the north and north-east extensions of the Gosselin zone. Approximately 4,400 metres were drilled YTD with none completed in the second quarter and drilling will resume in the third quarter using the most recent drilling results obtained.

An infill drilling program of 20,000 metres is ongoing on the Côté zone. Approximately 6,200 metres of surface diamond drilling were completed in the second quarter 2026 (10,400 metres YTD including approximately 1,200 metres of geological drilling completed in the first quarter). The infill drilling program was planned to improve resource confidence within the northeastern extension of the Côté deposit and convert Inferred Resources into the Indicated Resources category.

Westwood Complex (IAMGOLD interest - 100%) | Quebec, Canada

Q2 2026

Q2 2025

YTD 2026

YTD 2025
Key Operating Statistics

Underground lateral development (metres)
1,239

981

2,392

2,128
Ore mined (000s t) - underground
104

98

210

187
Ore mined (000s t) - open pit
109

315

169

507
Ore mined (000s t) - total
213

413

379

694
Grade mined (g/t) - underground
8.34

7.25

9.09

6.80
Grade mined (g/t) - open pit
0.86

1.11

0.85

1.18
Grade mined (g/t) - total
4.50

2.57

5.41

2.70
Ore milled (000s t)
287

323

590

605
Head grade (g/t) - underground
8.40

7.38

9.10

6.86
Head grade (g/t) - open pit
0.90

1.16

1.00

1.26
Head grade (g/t) - total
3.75

3.07

3.90

2.99
Recovery (%)
94

92

93

92
Gold production (000s oz)
32.4

29.4

68.6

53.3
Gold sales (000s oz)
29.2

28.6

66.7

55.8
Average realized gold price1 ($/oz)$4,412
$3,323
$4,683
$3,123
Financial Results ($ millions)
 

 

 

 
Revenues$129.6
$95.4
$313.9
$175.2
Cost of sales2
47.5

45.1

96.0

87.2
Production costs
54.0

46.4

101.5

87.4
(Increase)/decrease in finished goods
(6.5)
(1.3)
(5.5)
(0.2)Cash costs1
47.0

44.6

94.6

86.2
Sustaining capital expenditures1
16.7

16.0

33.3

31.1
Expansion capital expenditures1
3.6

-

6.7

-
Total sustaining and expansion capital expenditures1
20.3

16.0

40.0

31.1
Earnings from operations
68.0

35.0

185.3

56.1
Mine-site free cash flow1
56.5

36.6

166.5

53.2
Unit costs per tonne1
 

 

 

 
Underground mining cost per tonne mined $313.99
$302.08
$300.48
$289.11
Open pit mining cost per operating tonne mined$11.86
$6.80
$10.30
$7.02
Milling cost per tonne milled$37.02
$25.46
$32.13
$24.43
G&A cost per tonne milled$16.83
$13.98
$18.40
$18.04
Operating costs per ounce3
 

 

 

 
Cost of sales excluding depreciation ($/oz sold)$1,624
$1,577
$1,440
$1,562
Cash costs1 - excluding royalties ($/oz sold)$1,606
$1,562
$1,417
$1,545
Cash costs1 ($/oz sold)$1,606
$1,562
$1,417
$1,545
AISC1 ($/oz sold)$2,163
$2,140
$1,921
$2,132
This is a non-GAAP financial measure. See "Non-GAAP Financial Measures".Excludes depreciation - as disclosed in the segment note in the consolidated interim financial statements.Cost of sales, cash costs excluding royalties, cash costs and AISC per ounce sold may not be calculated based on amounts presented in this table due to rounding.Operations

Westwood gold production in the second quarter 2026 was 32,400 ounces, higher by 3,000 ounces or 10% compared with the same prior year period.

Underground mining activity in the second quarter 2026 of 104,000 tonnes of ore was higher by 6,000 tonnes or 6% than the same prior year period, due to improved stope mucking procedures and hoisting performance. The grade of 8.34 g/t Au was higher than the prior period mainly due to mine sequencing.

Open pit mining activity in the second quarter 2026 of 109,000 tonnes of ore was lower by 206,000 tonnes than the same prior year period primarily due to a focus on waste stripping activities as part of the mining sequence to open up access to ore and a transition to a new contract miner during the quarter.

Mill throughput in the second quarter 2026 was 287,000 tonnes, 36,000 tonnes lower than the prior year period due to a planned mill shutdown early in the second quarter 2026. The average grade of 3.75 g/t was 22% higher than the same prior year period due to higher grade and volume processed from the underground mine.

The mill achieved recoveries of 94% in the second quarter 2026, 2% higher than the same prior year period.

Financial Performance - Q2 2026 Compared to Q2 2025

Production costs of $54.0 million were higher by $7.6 million or 16% than the same prior year period, primarily due to increased extraction activities in the underground mine, the transition to a new contract miner at the Grand Duc satellite pit, and increased milling costs. Underground mining costs per tonne mined were $313.99, higher by $11.91 per tonne or 4% than the same prior year period, resulting from increased labour costs and higher maintenance activities. Milling costs of $37.02 per tonne were slightly higher due to increased rental cost for the portable crushing unit supporting the supplemental Grand Duc ore feed and a mill shutdown occurring in the second quarter relative to the first quarter in the prior year.

Cost of sales, excluding depreciation, of $47.5 million was higher by $2.4 million or 5% compared to the same prior year period due to higher production costs, partially offset by an increase in gold in circuit. Cost of sales per ounce sold, excluding depreciation, of $1,624 was higher by $47 or 3%, due to higher production costs, partially offset by an increase in gold in circuit.

Cash costs of $47.0 million were higher by $2.4 million or 5% compared to the prior year period due to higher production costs. Cash costs per ounce sold of $1,606 were higher by $44 per ounce or 3%, due to higher production costs, partially offset by an increase in gold in circuit.

AISC per ounce sold of $2,163 was higher by $23 per ounce or 1%, primarily due to higher cash costs per ounce, partially offset by lower sustaining capital spend and an increase in gold in circuit.

Sustaining capital expenditures of $16.7 million included mill and mobile equipment of $8.0 million and underground development and rehabilitation of $6.5 million, capitalized stripping at Grand Duc of $0.4 million, and other sustaining capital projects of $1.8 million. During the quarter a work program progressed on the adjacent Eastwood deposit, with $3.6 million incurred in the period, to support the study of options to expand the mine in the eastern parts of Westwood underground that could be amenable to bulk mining and resulted increase in underground throughput.

Mine-site free cash flow was $56.5 million for the three months ended June 30, 2026, based on revenues of $129.6 million from gold sales of 29,200 ounces at a realized gold price of $4,412 per ounce, generating operating cash flows of $75.9 million offset by capital expenditures totaling $19.4 million.

2026 Outlook

Westwood production is expected to be in the range of 110,000 to 130,000 ounces in 2026. Underground mining is planned for between 900 to 1,000 tonnes per day, and the Grand Duc open pit life was extended into 2027 based on the improved economics in the current gold price environment. Mill throughput is expected to total 1.2 million tonnes in 2026 with blended head grades expected to average 3.5 g/t over the course of the year.

Cash costs at Westwood are expected to be in the range of $1,500 to $1,650 per ounce sold and AISC in the range of $1,950 to $2,100 per ounce sold.

Sustaining capital expenditures guidance is $55 million (±5%), primarily consisting of underground development in support of the mine plan, the continued renewal of the mobile fleet and fixed equipment, and certain asset integrity projects at the Westwood mill. Expansion capital of $30 million is primarily associated with development works to support the study of options to expand the mine in the eastern parts of Westwood underground that could be amenable to bulk mining. Additional extensions to the Grand Duc pit will also be investigated this year.

Expansion Opportunities

The Company plans to publish an updated technical report for Westwood in the second half of 2027 which is expected to highlight the potential for bulk mining in the eastern zone at depth in Westwood. This approach could potentially support higher overall underground throughput which conceptually would allow for increased gold production at improved mining costs. Increasing the proportion of underground ore processed through the plant would also help offset the expected decline in open-pit feed once the low-grade Grand Duc open pit is depleted.

Essakane Mine (IAMGOLD interest - 85% for YTD 2026, 90% for YTD 2025) | Burkina Faso

Q2 2026

Q2 2025

YTD 2026

YTD 2025
Key Operating Statistics1

Ore mined (000s t)
2,470

2,168

4,701

4,615
Grade mined (g/t)
1.01

1.06

1.05

1.14
Operating waste mined (000s t)
3,534

6,419

5,519

12,086
Capital waste mined (000s t)
5,967

2,154

13,693

4,901
Total material mined (000s t)
11,971

10,741

23,913

21,602
Strip ratio2
3.8

4.0

4.1

3.7
Ore milled (000s t)
3,236

3,113

6,377

6,225
Head grade (g/t)
1.13

0.93

1.19

1.01
Recovery (%)
88

91

89

90
Gold production (000s oz) - 100%
104.0

86.1

215.9

180.7
Gold production (000s oz) - attributable
88.4

76.6

183.5

162.6
Gold sales (000s oz) - 100%
99.0

85.1

217.9

180.5
Average realized gold price3 ($/oz)$4,379
$3,284
$4,641
$3,080
Financial Results1 ($ millions)
 

 

 

 
Revenues$434.1
$279.6
$1,012.8
$556.5
Cost of sales4
171.4

158.1

372.1

307.0
Production costs
127.6

139.7

253.7

264.6
(Increase)/decrease in finished goods
(6.7)
(6.3)
(3.0)
(4.5)Royalties5
50.5

24.7

121.4

46.9
Cash costs3
170.6

157.8

370.4

306.4
Sustaining capital expenditures3
43.0

35.0

96.2

62.9
Expansion capital expenditures3
0.4

2.3

1.0

4.5
Total sustaining and expansion capital expenditures3
43.4

37.3

97.2

67.4
Earnings from operations
206.5

81.6

525.1

176.4
Mine-site free cash flow3
162.1

10.0

464.8

75.4
Unit costs per tonne3
 

 

 

 
Open pit mining cost per operating tonne mined$4.79
$6.02
$4.76
$5.80
Milling cost per tonne milled$18.88
$20.12
$19.66
$18.84
G&A cost per tonne milled$10.47
$8.46
$10.43
$8.93
Operating costs per ounce6
 

 

 

 
Cost of sales excluding depreciation ($/oz sold)$1,730
$1,858
$1,707
$1,700
Cash costs3 - excluding royalties ($/oz sold)$1,214
$1,565
$1,143
$1,437
Cash costs3 ($/oz sold)$1,724
$1,855
$1,700
$1,697
AISC3 - excluding royalties ($/oz sold)$1,691
$1,934
$1,602
$1,764
AISC3 - including royalties ($/oz sold)$2,201
$2,224
$2,159
$2,024
100% basis, unless otherwise stated.Strip ratio is calculated as waste mined divided by ore mined.This is a non-GAAP financial measure. See "Non-GAAP Financial Measures".Excludes depreciation - as disclosed in the segment note in the consolidated interim financial statements.Includes contributions made by the Essakane mine to the development fund for local communities, equating to 1% of total revenues.Cost of sales, cash costs excluding royalties, cash costs and AISC per ounce sold may not be calculated based on amounts presented in this table due to rounding.Operations

Essakane attributable gold production in the second quarter 2026 was 88,400 ounces (104,000 ounces | 100%), an increase of 11,800 ounces or 15% from the prior year:

Mining in the second quarter 2026 totaled 12.0 million tonnes, higher by 1.2 million tonnes or 11% compared to the same prior year period. Ore mined totaled 2.5 million tonnes in the quarter at an average grade of 1.01 g/t, an increase of 14% and a decrease of 5%, respectively over the same year prior period. The Company is seeing continued positive reconciliation from the lower benches of Phase 7, in line with results from the lower section of prior phases where positive reconciliation offset negative reconciliation from the upper benches. Capital waste mined increased from the prior period as mining progressed to open up the Lao pit as per the mine plan.

Mill throughput in the second quarter 2026 was 3.2 million tonnes at an average head grade of 1.13 g/t, 4% higher and 22% higher than the same prior year period, respectively.

The mill achieved recoveries of 88% in the second quarter 2026, slightly lower than the same prior year period, due to ore complexity from deeper benches of Phase 7 which include higher concentrations of graphitic carbon and sulfur.

The security situation in Burkina Faso continues to be a focus for the Company. Security-related incidents are still occurring in the country, and more broadly, the West African region, which has put pressure on supply chains. The Company continues to take proactive measures to ensure the safety and security of in-country personnel and is constantly adjusting its protocols and activity levels at the site in response to the security environment. The Company continues to invest in the security and supply chain infrastructure in the region and at the mine site. It is also incurring additional costs to bring employees, contractors, supplies, and inventory to the mine. See "Risks and Uncertainties".

In June 2026, Essakane declared a dividend of approximately $500 million representing the full distribution of its 2025 earnings. IAMGOLD's 85% portion of the dividend, net of taxes, is approximately $400 million. As at June 30, 2026, the entire $680.7 million of IAMGOLD's portion of the dividend declared in 2025 has been successfully repatriated, including interest payments of $14.4 million. See "Financial Condition - Dividend Payments from Essakane".

On April 7, 2025, the Government of Burkina Faso enacted an update to the royalty decree increasing the minimum royalty rate applicable to gold prices above $3,000/oz to 8%, with the rate increasing by an additional 1% for each $500/oz thereafter. The previous rate was 7% on all gold sold at or above $2,000/oz. The average royalty rate was 12% in the second quarter 2026 compared to 9% in the same prior year period, in addition to the contributions to the development fund for local communities equating to 1% of total revenues.

Financial Performance - Q2 2026 Compared to Q2 2025

Production costs of $127.6 million were lower by $12.1 million or 9%, due to a decrease in mining costs, a higher proportion of capitalized waste in the period, offset by an increase in the funding of community development programs in the local communities. Mining costs were lower due to free digging of the initial saprolite benches of the Lao pit resulting in reduced explosives consumption and reduced energy consumption, partially offset by increased drilling activity during the quarter. Milling costs were lower as liner replacement occurred during the first quarter of 2026, compared to the second quarter in the prior year. USD equivalent labour, contractor and facility costs increased compared to the same prior year period due to the appreciation of the local XOF currency, which is pegged to the Euro.

Cost of sales, excluding depreciation, of $171.4 million was higher by $13.3 million or 8%, primarily due to a 104% increase in royalties, partially offset by lower production costs. Cost of sales per ounce sold, excluding depreciation, of $1,730 was lower by $128 per ounce or 7% due to higher royalties offset by lower production costs and higher production and sales volumes.

Royalties were $50.5 million or $510 per ounce (30% of cash costs), an increase of $220 per ounce compared to the prior year period resulting from higher gold prices under the new royalty decree.

Cash costs, excluding royalties, of $120.1 million were lower by $13.0 million or 10%, primarily due to lower production costs. Cash costs per ounce sold, excluding royalties, of $1,214 per ounce were lower by $351 per ounce or 22%, primarily due to higher production and sales volumes and lower production costs.

Cash costs, including royalties, of $170.6 million were higher by $12.8 million or 8% mainly due to higher royalties, partially offset by lower production costs, and total cash costs per ounce sold, including royalties, of $1,724 per ounce were lower by $131 or 7%, primarily due to higher production and sales volumes and lower production costs, partially offset by higher royalties.

AISC per ounce sold of $2,201 was lower by $23 per ounce or 1% due to lower cash costs and higher production and sales volumes, partially offset by higher royalties compared to the prior period, combined with higher sustaining capital expenditures.

Total capitalized stripping of $28.7 million was higher by $15.7 million or 121%, due to the initial pushbacks of a pit expansion in the adjacent Lao pit, resulting in higher overall waste tonnes mined in the period decreasing the proportion of waste tonnes classified as operating waste consistent with the 2026 mine plan.

Sustaining capital expenditures, excluding capitalized stripping, of $14.3 million included capital spares of $4.4 million, mobile and mill equipment of $4.3 million, resource development of $2.1 million, tailings management of $1.5 million, generator overhaul of $0.1 million and other sustaining projects of $1.9 million.

Mine-site free cash flow, on a 100% basis, was $162.1 million for the three months ended June 30, 2026, with revenues of $434.1 million resulting from gold sales of 99,000 ounces at a realized gold price of $4,379 per ounce, producing operating cash flows of $208.2 million, inclusive of a $60.0 million tax payment, offset by capital expenditures totaling $46.1 million.

2026 Outlook

Essakane attributable production is expected to be in the range of 340,000 to 380,000 ounces (400,000 to 440,000 ounces | 100%). Mining activities will predominantly target Phase 7 of the Essakane Main Zone and the adjacent Lao pit, with an estimated target of 43 to 46 million tonnes of material mined at a strip ratio between 3:1 to 4:1 with increased volumes of waste mining at the Lao pit. Mill throughput is expected to total near 13 million tonnes with head grades averaging 1.10 g/t Au.

Cash costs, excluding royalties, are expected to be in the range of $1,150 to $1,300 per ounce sold. AISC, excluding royalties, are expected at the top end of the guidance range of $1,550 to $1,700 per ounce sold. Costs at Essakane are impacted by the Burkinabe royalty structure described above which are uncapped and linked to gold prices. See "Outlook" for guidance and sensitivities on royalties.

Essakane mainly relies on diesel and heavy fuel oil to power the processing plant and operate the mining fleet. The cost estimates for 2026 used an oil price assumption of $65 per barrel for Brent. Fuel cost and supply have not been impacted by the conflict in the Middle East up to date, though risks to price and supply have increased. Based on the usage between milling and mining, it is estimated that a $10 increase in the price of oil per barrel would approximately equate to a $20 per ounce increase in cash costs and all-in sustaining cost, respectively, exclusive of broader indirect inflationary pressures on input costs and the supply chain. The Company is actively monitoring the situation and implementing measures that are within its control.

Sustaining capital expenditures guidance is approximately $165 million (±5%), including approximately $90 million of capitalized waste stripping to progress Phase 6 and into the Lao pit, as well as the ongoing replacement of certain equipment to improve efficiency and maintenance costs at Essakane, and the annual tailings dam program. The capitalized waste stripping is higher than estimated in the December 2023 technical report due to inclusion of the Lao pit and extension of estimated mine life into 2029.

Continued security incidents or related concerns could have a material adverse impact on future operating performance. The Company continues to actively work with authorities and suppliers to mitigate potential impacts and manage supply continuity, while also investing in additional infrastructure and supply inventory levels designed to secure operational continuity. See "Risks and Uncertainties."

Mine Life Extension Opportunities

The Company plans to issue an updated technical report in the first half of 2027. The report is expected to illustrate the potential extension of Essakane's mine life up to 2035 with additional phases in the Essakane pit and adjacent open pits.

PROJECTS

Nelligan Mining Complex | Quebec, Canada

On December 19, 2025, and December 22, 2025, the Company acquired all of the issued and outstanding shares of each of Northern Superior and Orbec, respectively, by way of court-approved plan of arrangement for consideration of approximately $329.0 million and $14.2 million, respectively, in shares of the Company and cash. The Northern Superior acquisition consolidated the Philibert, Chevrier, Lac Surprise, and Croteau projects with Orbec's early-stage Muus project, and IAMGOLD's Nelligan, Monster Lake and Anik projects.

The combined assets, together the "Nelligan Mining Complex", consolidates the Chibougamau region with a dominant land position of approximately 134,000 hectares. The Nelligan Mining Complex is now positioned as one of the largest pre-production gold camps in Canada. The close proximity of the primary deposits to each other supports the conceptual vision of a central processing facility being fed from multiple ore sources within a 17-kilometre radius.

On February 17, 2026, the Company announced its updated Mineral Resources for the Nelligan Mining Complex. On a consolidated basis, the Nelligan Mining Complex reported a significant increase in Indicated and Inferred Mineral Resources. Indicated Resources increased 1.1 million ounces to a total of 4.3 million ounces at an average grade of 0.99 g/t Au. Inferred ounces increased 1.9 million ounces to a total of 7.5 million ounces at an average grade of 1.08 g/t Au.

The Company plans to issue an inaugural technical report for the Nelligan Mining Complex in mid-2027.

IAMGOLD has budgeted approximately $24 million for exploration activities within the Nelligan Mining Complex for 2026. The goal of the program will be to conduct thorough testing of Philibert, expand Nelligan and continue to test Monster Lake at depth, all in support of a conceptual preliminary economic assessment in 2027. The Company is planning to test high-priority targets within the region.

In January 2026, the Company exercised the option to acquire the remaining 25% interest in the Philibert property held by SOQUEM for the payment totaling C$3.5 million, completing the consolidation of 100% of the Philibert property.

Nelligan

The Company holds a 100% interest in Nelligan located approximately 45 kilometres south of the Chapais Chibougamau area in Québec.

On February 17, 2026, the Company announced its updated Mineral Resources for Nelligan of 3.7 million Indicated gold ounces in 122.0 million tonnes ("Mt") at 0.95 grams per tonne gold ("g/t Au"), and 4.6 million Inferred ounces (151.0 Mt at 0.96 g/t Au). This represents an 18% increase in Indicated ounces, or 575,000 ounces at the same grade; as well as it represents a 10% decrease in Inferred ounces, or 514,000 ounces, at the same grade. This result is due in part to the infill program conducted last year to increase the confidence in ounces from Inferred Mineral Resources. Mineralization remains open along strike and at depth as demonstrated by encouraging results obtained from the depth exploration program conducted in 2025 (see news release dated September 15, 2025).

A diamond drilling program of 18,000 metres of expansion and delineation drilling is planned for 2026, of which approximately 5,700 metres were completed in the second quarter (15,100 metres YTD). This program will be expanded to a total of 24,000 metres for year 2026.

Monster Lake

The Company holds a 100% interest in the Monster Lake Gold Project, which is located approximately 15 kilometres north of Nelligan in the Chapais Chibougamau area in Québec.

On February 17, 2026, the Company announced its updated Mineral Resources for Monster Lake of 243,000 tonnes of Indicated Mineral Resources averaging 13.0 g/t Au for 102,000 ounces of gold, and 1,046,000 tonnes of Inferred Mineral Resources averaging 14.8 g/t Au for 499,000 ounces of gold. A slight increase in Indicated ounces and Inferred ounces is noted.

A diamond drilling program of 15,000 metres is planned in 2026 to increase confidence in the existing resource and test at depth the Megane zone following positive results obtained from the 2025 drilling. The depth extension requires further drilling to add to the current resource (see news release dated September 15, 2025). Approximately 3,800 metres were completed in the second quarter (11,100 metres YTD).

Philibert

Following the acquisition of the remaining 25% interest in the Philibert property held by SOQUEM during the quarter, the Company holds a 100% interest in the Philibert Project which is located approximately 10 kilometres north-east of Nelligan in the Chapais Chibougamau area in Québec.

A diamond drilling program of a minimum of 20,000 metres is planned and may be increased to 30,000 metres depending on ground conditions during the summer season. The drilling program aims primarily to convert a significant portion of the Inferred Resource to the Indicated Resource category, and where possible, exploration drilling could test other prospective targets on the project area. Approximately 5,300 metres were completed in the second quarter (19,300 metres YTD).

Anik

The Anik Gold Project is owned at 75% by IAMGOLD after the Company elected to exercise its first option to acquire an undivided interest of 75% in the project in May 2025 pursuant to an option agreement signed on May 20, 2020, with Auriginal Mining, successor to Kintavar Exploration Inc. The project is contiguous with the Nelligan Gold project to the north and east. The Company holds an option to earn up to 80% interest in the project by meeting certain commitments.

A 1,600 metres diamond drilling program was planned in 2026 for testing different targets in the eastern continuation of the Nelligan Deformation Zone. The program was completed in the first quarter 2026, and results are pending (see Auriginal Mining news release dated January 26, 2026).

Exploration

In the second quarter 2026, drilling activities on active projects and mine sites totaled approximately 44,000 metres (105,000 metres YTD). For additional information regarding the brownfield and greenfield exploration projects, see "Operations". The Company's exploration expenditures guidance for 2026 is $54 million.

($ millions)
Q2 2026

Q2 2025

YTD 2026

YTD 2025
Exploration projects - greenfield$12.8
$6.1
$24.1
$11.8
Exploration projects - brownfield1
2.0

4.5

4.8

7.0
Total - all operations$14.8
$10.6
$28.9
$18.8
Exploration projects - brownfield for the second quarter 2026 included near-mine exploration and resource development of $1.5 million (second quarter 2025 - $3.5 million), and $3.8 million for YTD 2026 (YTD 2025 - $6.0 million), which are capitalized.FINANCIAL REVIEW

Liquidity and Capital Resources

The Company's capital allocation strategy is to maximize value through the allocation of internally generated cashflows to support its operations, fund growth opportunities, return capital to its shareholders, and strengthen its balance sheet.

As at June 30, 2026, the Company had $501.4 million in cash and cash equivalents and net debt of $42.6 million. The Company has $nil drawn on the Credit Facility and approximately $845.7 million remains available, resulting in liquidity at June 30, 2026, of approximately $1,348.1 million.

Within cash and cash equivalents,

$68.3 million (70% basis) was held by the Côté Gold UJV. The Côté Gold UJV requires its joint venture partners to fund, in advance, two months of future expenditures and cash calls are made at the beginning of each month, resulting in the month end cash balance approximating the following month's expenditure.

$171.0 million was held by Essakane in Burkina Faso.

Restricted cash totaled $69.0 million and relates to deposits required for environmental closure costs obligations related to Essakane and Westwood.

The Company's liquidity position and capital allocation decisions will ultimately be determined by the performance of the Company's operations, the price of gold, inflation expectations, currency exchange rates and the Company's ability to successfully repatriate excess cash from Burkina Faso.

The Company's liquidity position, comprised of cash and cash equivalents, short-term investments, and availability under the Credit Facility, together with expected cash flows from operations, is expected to be sufficient to support the Company's normal operating requirements, capital commitments, and service the debt obligations as they become due. The Company's ability to draw down on the Credit Facility is dependent on its ability to meet net debt to EBITDA and interest ratio covenants.

Readers are encouraged to read the "Caution Regarding Forward Looking Statements" and the "Risk Factors" sections contained in the Company's 2025 Annual Information Form, which is available on SEDAR+ at www.sedarplus.ca and the "Caution Regarding Forward Looking Statements" and "Risk and Uncertainties" section of this news release.

Dividend Payments from Essakane

Excess cash at Essakane is repatriated through dividend and shareholder account payments, of which the Company will receive its share based on its ownership, net of withholding taxes. The shareholder account structure functions like an inter-company loan and allows for the Company's portion of the dividend to be repaid using cash in excess of working capital requirements and aligns the interests of both IAMGOLD and the Government of Burkina Faso, including a preference for increased and/or more regular cash flow movements from Essakane.

Essakane declared a record dividend of approximately $855 million in June 2025, which represented the full distribution of past undistributed retained earnings up to and including 2024. IAMGOLD's 85% portion of the dividend, net of taxes, was approximately $680.7 million and had been fully repatriated as at June 30, 2026. $197.1 million was received in the second quarter 2026 and $409.8 million was received as of June 30, 2026. During the second quarter 2026, IAMGOLD received $1.9 million of interest related to the outstanding shareholder account, $6.2 million YTD and $14.4 million since conversion of IAMGOLD's dividend into a shareholder account.

In June 2026, Essakane declared its 2025 dividend of approximately $500 million. The Government of Burkina Faso received its portion of the dividend totaling $74.0 million in June 2026. IAMGOLD's 85% portion of the dividend, net of taxes, is approximately $400 million. The Company received $44 million subsequent to quarter end as a dividend installment and expects to receive a further $45 million in August. The remaining balance will be repatriated through a combination of dividend installments and the shareholder account structure, as needed. The payments will be funded using cash generated in excess of working capital requirements.

Share Buyback Program

During the second quarter 2026, the Company repurchased and cancelled approximately 8.6 million shares for approximately $147.9 million at an average price of $17.24 per share through its share buyback program under a normal course issuer bid ("NCIB") that was approved by the Company's Board of Directors and the TSX. Year to date, the Company repurchased and cancelled approximately 21.5 million shares for approximately $407.9 million at an average price of $19.00 per share. Subsequent to quarter end and up to August 5, 2026, the Company has purchased an additional 3.5 million shares for $52.5 million. Total repurchases since inception in December 2025 up to August 5, 2026, are approximately 27.9 million shares for approximately $510.4 million at an average price of $18.28 per share.

The NCIB allows for the purchase of up to 57 million of its common shares over a twelve-month period, representing approximately 9.92% of IAMGOLD's public float as at November 30, 2025, through the facilities of the TSX, the NYSE, or any other eligible Canadian alternative trading system on which the common shares are listed. All common shares purchased under the NCIB will be either cancelled or placed under trust to satisfy future obligations under the Company's share incentive plan. This initiative reflects management's confidence in the Company's long-term value and its commitment to disciplined capital allocation. The program is expected to continue to be funded from operating cash flows.

The Company has established an automatic share purchase plan in connection with its NCIB to facilitate the purchase of common shares during times when IAMGOLD would ordinarily not be permitted to purchase common shares due to regulatory restrictions or self-imposed black-out periods. Before entering a black-out period, IAMGOLD may, but is not required to, instruct the broker to make purchases under the NCIB based on parameters set by IAMGOLD in accordance with the automatic share purchase plan, applicable securities laws and stock exchange rules. The actual number of common shares that may be purchased, if any, and the timing of such purchases, will be determined by the Company based on a number of factors, including the Company's financial performance, the availability of cash flows, and the consideration of other uses of cash, including capital investment opportunities, returns to shareholders, and debt reduction.

The following table summarizes the carrying value of the Company's long-term debt:

June 30
December 31
($ millions)1
2026

2025
Credit Facility$-
$200.0
5.75% senior notes ($450 million principal outstanding)
449.1

448.8
Equipment loans
0.2

1.0

$449.3
$649.8
Long-term debt does not include leases in place of $90.5 million as at June 30, 2026 (December 31, 2025 - $112.0 million).Credit Facility

The Company has a $850 million secured revolving Credit Facility, which was originally entered into in December 2017 and subsequently increased and extended. The Credit Facility matures on June 17, 2030, and supports the Company's requirements for a senior revolving facility for its overall business.

On June 17, 2026, the Company announced the strengthening of its financial position by amending its revolving Credit Facility, increasing total capacity from $650 million to $850 million, and extending maturity to June 17, 2030. The facility also includes an additional $250 million accordion feature, offering further liquidity potential, and remains fully undrawn as of the date hereof.

Key terms have improved, with lower interest margins (1.875%-2.875% vs. 2.75%-3.75%), reduced standby fees, and more flexible covenant limits, including an increase of the net debt to EBITDA ratio to 4.0x from 3.5x.

Overall, the amendments reduce borrowing costs, enhance financial flexibility, and expand liquidity, positioning the Company to better support capital allocation and growth initiatives while reflecting a stronger balance sheet.

As at June 30, 2026, the Credit Facility was undrawn and the Company issued letters of credit under the Credit Facility in the amount of $3.9 million as a supplier payment guarantee and $0.4 million as guarantees for certain environmental indemnities to government agencies, with $845.7 million remaining available under the Credit Facility.

The Credit Facility provides for an interest rate margin above the secured overnight financing rate (SOFR), banker's acceptance prime rate and base rate advances which vary, together with fees related thereto, according to the total net debt to EBITDA ratio of the Company. The Credit Facility is secured by certain of the Company's real assets, guarantees by certain of the Company's subsidiaries and pledges of shares of certain of the Company's subsidiaries. The key terms of the Credit Facility include certain limitations on incremental debt, certain restrictions on distributions and financial covenants, including net debt to EBITDA, Interest Coverage and a minimum liquidity requirement from October 15, 2027, to October 15, 2028. The Company was in compliance with its Credit Facility covenants as at June 30, 2026.

5.75% Senior notes

In September 2020, the Company completed the issuance of $450 million of senior notes at face value with an interest rate of 5.75% per annum (the "Notes"). The Notes are denominated in U.S. dollars and mature on October 15, 2028. The redemption price for the Notes during the 12-month period beginning October 15, 2025, is 101.4% and October 15, 2026, and thereafter is 100%. Interest is payable in arrears in equal semi-annual installments on April 15 and October 15 of each year, beginning on April 15, 2021, in the amount of approximately $12.9 million for each payment. The Notes are guaranteed by certain of the Company's subsidiaries.

Term Loan

In May 2023, the Company entered into a $400 million Term Loan. The Term Loan had a 3% original issue discount, bearing interest at a floating interest rate of either one month or three-month SOFR + 8.25% per annum. The Company repaid the full facility in 2025. With the repayment completed, the Term Loan has been fully extinguished and is no longer in effect, including all associated covenants and obligations.

Leases

At June 30, 2026, the Company had lease obligations of $90.5 million at a weighted average borrowing rate of 7.25%.

On April 29, 2022, the Company, on behalf of the Côté Gold UJV, entered into a master lease agreement with Caterpillar Financial Services Limited for $125 million, which was subsequently amended to increase the facility to $175 million for the leasing of certain mobile equipment at Côté Gold. The final pieces of equipment were delivered during the first quarter 2025.

On April 10, 2026, the lease agreement was converted to an uncommitted facility.

Equipment loan

At June 30, 2026, the Company had an equipment loan with a carrying value of $0.2 million secured by certain mobile equipment, with an interest rate of 5.3% which matures in 2026. The equipment loan is carried at amortized cost on the consolidated balance sheet.

Gold prepay arrangements

In December 2023 and April 2024, the Company entered into gold sale prepay arrangements and amendments to certain pre-existing prepay arrangements. In H1 2025, the Company delivered 75,000 ounces in equal monthly instalments thereby extinguishing the delivery obligations gold into the prepay arrangements. In the settlement of these obligations, the Company received proceeds totaling $59.9 million in Q1 2025 and $59.4 million in Q2 2025, respectively.

Surety bonds and performance bonds

As at June 30, 2026, the Company had (i) C$276.9 million ($194.9 million) of surety bonds, issued pursuant to arrangements with insurance companies, in support of environmental closure costs obligations related to Westwood and Côté Gold and (ii) C$32.1 million ($22.6 million) of performance bonds in support of certain obligations primarily related to the construction of fish habitat at Côté Gold.

As at June 30, 2026, there is no collateral required to be in place for surety and performance bonds, and the balance of $217.5 million remains uncollateralized.

During the third quarter 2025, the Company increased the bonds required by C$16.9 million ($12.2 million). During the second quarter 2026, the Company increased the bonds required by C$2.1 million ($1.5 million) and will be required to increase bonds required further by C$17.0 million ($12.0 million) during the third quarter of 2026.

Income Statement

Revenues – Revenues were $856.9 million in the second quarter 2026 from sale of 195,100 ounces at an average realized gold price of $4,384 per ounce, higher by $276.0 million or 48% than the prior year period, due primarily to the $1,202 per ounce increase in the realized gold price and higher gold sales volume. The revenues in the second quarter of 2025 included 37,500 ounces delivered into the gold prepay arrangements at $2,722 per ounce.

Cost of sales – Cost of sales excluding depreciation was $323.2 million in the second quarter 2026, higher by $36.1 million or 13% than the prior year period, primarily due to higher royalties at Côté and Essakane due to the higher gold price, and increased production and sales and increased production costs at Côté and Westwood compared to the prior year period, partially offset by decreased production costs at Essakane.

Depreciation expense – Depreciation expense was $118.6 million in the second quarter 2026, higher by $23.6 million or 25% than the prior year period primarily due to the higher sales volume and amortization of deferred stripping assets at Côté and Essakane compared to the prior year period.

Exploration expense – Exploration expense was $7.8 million in the second quarter 2026, higher by $1.8 million or 30% than the prior year period due to increased exploration expenditures at the Nelligan Mining Complex and Côté Gold.

General and administrative expense – General and administrative expense was $21.8 million in the second quarter 2026, higher by $9.3 million or 74% than the prior year period, primarily due to $5.2 million in planned technology implementation and consulting fees, $1.7 million in increased share-based compensation, and $2.4 million higher labour and other administrative costs.

Income tax expense – Income tax expense was $109.3 million in the second quarter 2026, higher by $30.4 million or 39% than the prior year period. It is comprised of a current income tax expense of $74.2 million and a deferred income tax expense of $35.1 million, lower than the prior year period for current income tax expense by $1.3 million or 2% and higher for deferred income tax expense by $31.7 million or 932%, respectively. The current income tax expense in the second quarter of 2026 was lower primarily due to higher income in Essakane offset by lower withholding taxes from lower intercompany dividends. The deferred income tax expense in the second quarter of 2026 was higher primarily due to changes in the withholding tax on expected intercompany dividends and the non-recognition of tax assets.

Operating Activities

In the second quarter 2026, operating activities generated cash flow of $445.1 million, higher by $359.3 million compared to the same prior year period. Cash flow from operations increased significantly due to higher revenues driven by an increased realized gold price as compared to the prior year period. Cash flow provided by operations before working capital and taxes paid was $515.3 million in the second quarter, compared to $189.5 million in the prior year period.

Investing Activities

Net cash used in investing activities for the second quarter 2026 was $145.3 million, an increase of $80.5 million from the same prior year period. Capital expenditures of $115.6 million increased by $36.1 million compared to the prior year period, with proceeds from other investing activities decreasing by $44.4 million.

Financing Activities

Net cash used in financing activities for the second quarter 2026 was $340.4 million, an increase of $214.3 million from the same prior year period consistent with the Company's capital allocation strategy which included a $100.0 million repayment of the Credit Facility and share repurchases of $147.9 million.

CONFERENCE CALL

A conference call will be held on Friday, August 7, 2026, at 8:30 a.m. (Eastern Time) hosted by IAMGOLD senior management for a discussion on the Company's second quarter 2026 operating and financial results. Listeners may access the conference call via webcast from the events section of the Company's website at www.iamgold.com (webcast link below), or through the following dial-in numbers:

Pre-register via: Chorus Call IAMGOLD Q2 2026 Registration (recommended). Upon registering, you will receive a calendar booking by email with dial-in details and unique PIN. This process will bypass the operator and avoid the queue.

Toll free (North America): 1 (844) 752-3518

International: +1 (647) 846-8209

Webcast: https://event.choruscall.com/mediaframe/webcast.html?webcastid=qnpPqCfg

An online archive of the webcast will be available by accessing the Company's website at www.iamgold.com. A telephone replay will be available for one month following the call by dialing toll free 1 (855) 669-9658 within North America or +1 (412) 317-0088 from international locations and entering the passcode: 7277160.

For more information, refer to the Management Discussion and Analysis ("MD&A") and the unaudited consolidated Financial Statements for the three and six months ended June 30, 2026, that are available on the Company's website at www.iamgold.com and on SEDAR+ at www.sedarplus.ca. The Company uses certain non-GAAP financial performance measures throughout this news release. Please refer to the "Non-GAAP Financial Performance Measures" section of this news release and the MD&A for more information.

ABOUT IAMGOLD

IAMGOLD is an intermediate gold producer and developer based in Canada with operating mines in North America and West Africa, including Côté Gold (Canada), Westwood (Canada) and Essakane (Burkina Faso). The Côté Gold Mine ("Côté" or "Côté Gold") is among the largest gold mines in production in Canada, which IAMGOLD operates in a 70|30 partnership with Sumitomo Metal Mining Co. Ltd. ("SMM"). In addition, the Company has an established portfolio of early stage and advanced exploration projects within high potential mining districts, including the large-scale Nelligan Mining Complex located in Quebec, Canada.

IAMGOLD employs approximately 3,800 people and is committed to maintaining its culture of accountable mining through high standards of Environmental, Social and Governance ("ESG") practices. IAMGOLD is listed on the New York Stock Exchange (NYSE:IAG) and the Toronto Stock Exchange (TSX:IMG)

End Notes (excluding tables) This is a non-GAAP financial measure. See "Non-GAAP Financial Measures" section below. Further information on these non-GAAP financial measures is included on pages 32 to 43 of the Company's Q2 2026 MD&A filed on SEDAR+ at www.sedarplus.ca and on EDGAR at www.sec.gov.

NON-GAAP FINANCIAL MEASURES

The Company has included certain non-GAAP financial measures to supplement its consolidated interim financial statements, which are presented in accordance with IFRS, including the following:

Average realized gold price per ounce soldUnderground mining cost per ore tonne mined, open pit net mining cost per operating tonne mined, milling cost per tonne milled, and G&A cost per tonne milledCash costs excluding royalties, cash costs, cash costs per ounce sold, all in sustaining cost excluding royalties, all in sustaining cost and all in sustaining cost per ounce soldNet earnings attributable to shareholders and adjusted net earnings attributable to shareholdersNet cash from operating activities, before movements in working capital and non-current ore stockpilesEarnings before interest, income taxes, depreciation and amortization ("EBITDA")Mine-site free cash flow Sustaining and expansion capital expendituresThe Company believes that, in addition to conventional financial measures prepared in accordance with IFRS, these non-GAAP financial measures will provide investors with an improved ability to evaluate the underlying performance of the Company. Non-GAAP financial measures do not have any standardized meaning prescribed by IFRS, may not be comparable to similar measures presented by other companies and should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS.

Average Realized Gold Price per Ounce Sold

Average realized gold price per ounce sold is intended to enable management to understand the average realized price of gold sold in each reporting period after removing the impact of non-gold revenues and by-product credits, which, in the Company's case, are not significant, and to provide investors a clearer view of the Company's financial performance based on the average realized proceeds from gold sales in the reporting period.

($ millions, except where noted)
Q2 2026

Q2 2025

YTD 2026

YTD 2025
Revenues$856.9
$580.9
$1,887.0
$1,058.0
By-product credits and other revenues
(1.7)
(1.0)
(4.1)
(2.1)Gold revenues$855.2
$579.9
$1,882.9
$1,055.9
Sales (000s oz)
195.1

182.1

406.6

356.3
Average realized gold price per ounce1,2,3 ($/oz)$4,384
$3,182
$4,631
$2,961
Average realized gold price per ounce sold may not be calculated based on amounts presented in this table due to rounding.Average realized gold price per ounce sold is calculated based on sales from the Company's Côté Gold mine at 70% and Westwood and Essakane mines at 100%.Average realized gold price per ounce sold for the second quarter 2025 includes 37,500 ounces at $2,722 per ounce (75,000 ounces at $2,305 per ounce YTD) as delivered into the Q1 2024 and Q2 2024 Prepay Arrangements. No deliveries were required in H1 2026 as the delivery obligations were fulfilled in H1 2025. .Underground Mining Cost per Ore Tonne Mined, Open Pit Net Mining Cost per Operating Tonne Mined, Milling Cost per Tonne Milled, and G&A Cost per Tonne Milled

Underground mining cost per ore tonne mined and open pit net mining cost per operating tonne mined are defined as:

Mining costs (as included in production costs), that exclude capitalized waste stripping for open pit mines, less changes in stockpile balances and non-production costs as these costs are not directly related to tonnes mined, divided by

the sum of the tonnage of ore and operating waste mined.

Milling cost per tonne milled and general and administrative cost per tonne milled are defined as:

Mill and general and administrative costs (as included in production costs), excluding selling costs and non-production costs as these costs are not directly related to tonnes milled, divided by

the tonnage of ore milled.

IAMGOLD believes these non-GAAP financial performance measures provide further transparency and assist analysts, investors and other stakeholders of the Company in assessing the performance of mining operations by eliminating the impact of varying production levels. Management is aware, and investors should note, that these per tonne measures of performance can be affected by fluctuations in mining and/or processing levels. This inherent limitation may be partially mitigated by using this measure in conjunction with production costs and other data prepared in accordance with IFRS. These measures do not have standardized meanings under IFRS and may not be comparable to similar measures presented by other mining companies. They should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS.

Côté Gold (100% basis)

($ millions, except where noted)
Q2 2026

Q2 2025

YTD 2026

YTD 2025
Production cost$118.7
$97.1
$229.8
$177.8
Adjust for:
 

 

 

 
Increase/decrease in stockpiles
0.8

4.3

12.5

15.3
Adj. operating cost$119.5
$101.4
$242.3
$193.1
Included in adjusted operating cost:
 

 

 

 
Open pit net mining cost [A]
35.6

34.9

79.3

65.6
Milling cost [B], net of capitalized operating cost
59.9

49.7

117.5

92.0
G&A cost [C]
24.0

16.8

45.5

35.5
Open pit ore tonnes mined (000s t)
3,072

3,170

6,625

6,285
Open pit operating waste tonnes mined (000s t)
4,856

5,838

9,803

11,505
Open pit ore and operating waste tonnes mined (000s t) [D]
7,928

9,008

16,428

17,790
Ore milled (000s t) [E]
2,873

2,930

5,214

5,027
Open pit net mining cost per operating tonne mined ($/tonne) [A/D]$4.49
$3.88
$4.83
$3.69
Milling cost per tonne milled ($/tonne) [B/E]$20.85
$16.94
$22.54
$18.30
G&A cost per tonne milled ($/tonne) [C/E]$8.36
$5.80
$8.72
$7.09
$/tonne may not re-calculate based on amounts presented in this table due to rounding.

Westwood

($ millions, except where noted)
Q2 2026

Q2 2025

YTD 2026

YTD 2025
Production cost$54.0
$46.4
$101.5
$87.4
Adjust for:
 

 

 

 
Increase/decrease in stockpiles
(1.0)
0.5

(1.1)
1.7
Adj. operating cost$53.0
$46.9
$100.4
$89.1
Consisting of:
 

 

 

 
Underground mining cost [A]
32.6

29.7

63.1

54.1
Open pit net mining cost [B]
4.9

4.4

7.5

9.3
Milling cost [C]
10.6

8.2

18.9

14.8
G&A cost [D]
4.9

4.6

10.9

10.9
Underground ore tonnes mined (000s t) [E]
104

98

210

187
Open pit ore tonnes mined (000s t)
109

315

169

507
Open pit waste tonnes mined (000s t)
304

331

558

812
Open pit ore and operating waste tonnes mined (000s t) [F]
413

646

727

1,319
Ore milled (000s t) [G]
287

323

590

605
Underground mining cost per ore tonne mined ($/tonne) [A/E]$313.99
$302.08
$300.48
$289.11
Open pit net mining cost per operating tonne mined ($/tonne) [B/F]$11.86
$6.80
$10.30
$7.02
Milling cost per tonne milled ($/tonne) [C/G]$37.02
$25.46
$32.13
$24.43
G&A cost per tonne milled ($/tonne) [D/G]$16.83
$13.98
$18.40
$18.04
$/tonne may not re-calculate based on amounts presented in this table due to rounding.

Essakane

($ millions, except where noted)
Q2 2026

Q2 2025

YTD 2026

YTD 2025
Production cost$127.6
$139.7
$253.7
$264.6
Adjust for:
 

 

 

 
Increase/decrease in stockpiles
(3.8)
1.1

(13.1)
5.2
Adj. operating cost$123.8
$140.8
$240.6
$269.8
Consisting of:
 

 

 

 
Open pit net mining cost [A]
28.7

51.7

48.6

96.9
Milling cost [B]
61.0

62.7

125.3

117.3
G&A cost [C]
34.1

26.4

66.7

55.6
Open pit ore tonnes mined (000s t)
2,470

2,168

4,701

4,615
Open pit operating waste tonnes mined (000s t)
3,534

6,419

5,519

12,086
Open pit ore and operating waste tonnes mined (000s t) [D]
6,004

8,587

10,220

16,701
Ore milled (000s t) [E]
3,236

3,113

6,377

6,225
Open pit net mining cost per operating tonne mined ($/tonne) [A/D]$4.79
$6.02
$4.76
$5.80
Milling cost per tonne milled ($/tonne) [B/E]$18.88
$20.12
$19.66
$18.84
G&A cost per tonne milled ($/tonne) [C/E]$10.47
$8.46
$10.43
$8.93
$/tonne may not re-calculate based on amounts presented in this table due to rounding.

Cash Costs Excluding Royalties, Cash Costs, Cash Costs per Ounce Sold, AISC and AISC per Ounce Sold

The Company reports cash costs excluding royalties, cash costs excluding royalties per ounce sold, cash costs, cash costs per ounce sold, AISC and AISC per ounce sold in order to provide investors with information about key measures used by management to monitor performance of mine sites in commercial production and its ability to generate positive cash flow.

Cash costs include mine-site operating costs such as mining, processing, administration, royalties, production taxes and realized derivative gains or losses, exclusive of depreciation, reclamation, capital expenditures and exploration and evaluation costs. AISC include cost of sales exclusive of depreciation expense, sustaining capital expenditures, which are required to maintain existing operations, capitalized exploration, sustaining lease principal payments, environmental rehabilitation accretion and amortization, by-product credits and corporate general and administrative costs. These costs are then divided by the Company's attributable gold ounces sold by mine sites in commercial production in the period to arrive at the cash costs excluding royalties per ounce sold, cash costs per ounce sold, and the AISC per ounce sold.

The following tables provide a reconciliation of cash costs excluding royalties, cash costs, AISC, cost of sales excluding depreciation per ounce sold, cash costs excluding royalties per ounce sold, cash costs per ounce sold and AISC per ounce sold on an attributable basis to cost of sales as per the consolidated interim financial statements.

Three months ended June 30, 2026

($ millions, except where noted)
Côté Gold
Westwood
Essakane
Corporate

Total
Cost of sales1$151.3
$62.5
$227.6
$0.4
$441.8
Depreciation expense
(47.0)
(15.0)
(56.2)
(0.4)
(118.6)Cost of sales, excluding depreciation expense$104.3
$47.5
$171.4
$-
$323.2
Royalties2
(20.6)
-

(50.5)
-

(71.1)Cost of sales, excluding depreciation expense and royalties$83.7
$47.5
$120.9
$-
$252.1
Adjust for:
 

 

 

 

 
By-product credit
(0.4)
(0.5)
(0.8)
-

(1.7)Cost attributed to non-controlling interests3
-

-

(25.6)
-

(25.6)Cash costs - attributable$103.9
$47.0
$145.0
$-
$295.9
Adjust for:
 

 

 

 

 
Sustaining capital expenditures4
34.7

15.8

45.6

-

96.1
Corporate general and administrative costs5
-

-

-

21.8

21.8
Other costs6
0.6

0.4

1.7

(0.1)
2.6
Cost attributable to non-controlling interests3
-

-

(7.1)
-

(7.1)AISC - attributable$139.2
$63.2
$185.2
$21.7
$409.3
Total gold sales (000 oz) - attributable
66.9

29.2

84.1

-

180.2
Cost of sales excluding depreciation7($/oz sold) - attributable$1,562
$1,624
$1,730
$-
$1,651
Cash costs - excluding royalties7 ($/oz sold) - attributable$1,245
$1,606
$1,214
$-
$1,289
Cash costs7 ($/oz sold) - attributable$1,554
$1,606
$1,724
$-
$1,642
AISC7 - excluding royalties ($/oz sold) - attributable$1,773
$2,163
$1,691
$121
$1,918
AISC7 all operations ($/oz sold) - attributable$2,082
$2,163
$2,201
$121
$2,271
Excludes depreciation - as disclosed in the segment note in the consolidated interim financial statements.Includes contributions made by the Essakane mine to the development fund for local communities equating to 1% of total revenues.Adjustments for the consolidation of Essakane (85%) to its attributable portion of cost of sales.Sustaining capital expenditures are expenditures required to support current production levels at a mine site as further described below.Corporate general and administrative costs exclude one-time material severance charges.Other costs include sustaining lease principal payments and environmental rehabilitation accretion and amortization, partially offset by by-product credits.Cost of sales excluding depreciation per ounce sold, cash costs per ounce sold, and AISC per ounce sold may not be calculated based on amounts presented in this table due to rounding.Three months ended June 30, 2025

($ millions, except where noted)
Côté Gold

Westwood

Essakane

Corporate

Total
Cost of sales1$125.4
$58.5
$197.7
$0.5
$382.1
Depreciation expense
(41.5)
(13.4)
(39.6)
(0.5)
(95.0)Cost of sales, excluding depreciation expense$83.9
$45.1
$158.1
$-
$287.1
Royalties2
(15.2)
-

(24.7)
-

(39.9)Cost of sales, excluding depreciation expense and royalties$68.7
$45.1
$133.4
$-
$247.2
Adjust for:
 

 

 

 

 
By-product credit
(0.3)
(0.5)
(0.3)
-

(1.1)Cost attributed to non-controlling interests3
-

-

(15.6)
-

(15.6)Cash costs - attributable$83.6
$44.6
$142.2
$-
$270.4
Adjust for:
 

 

 

 

 
Sustaining capital expenditures4
26.2

15.7

29.9

0.1

71.9
Corporate general and administrative costs5
-

-

-

12.5

12.5
Other costs6
0.6

0.8

1.5

0.1

3.0
Cost attributable to non-controlling interests3
-

-

(3.1)
-

(3.1)AISC - attributable$110.4
$61.1
$170.5
$12.7
$354.7
Total gold sales (000 oz) - attributable
68.4

28.6

76.4

-

173.4
Cost of sales excluding depreciation7 ($/oz sold) - attributable$1,222
$1,577
$1,858
$-
$1,561
Cash costs7 - excluding royalties ($/oz sold) - attributable$997
$1,562
$1,565
$-
$1,340
Cash costs7 ($/oz sold) - attributable$1,219
$1,562
$1,855
$-
$1,556
AISC7 - excluding royalties ($/oz sold) - attributable$1,389
$2,140
$1,934
$73
$1,825
AISC7 all operations ($/oz sold) - attributable$1,611
$2,140
$2,224
$73
$2,041
Excludes depreciation - as disclosed in the segment note in the consolidated interim financial statements.Includes contributions made by the Essakane mine to the development fund for local communities equating to 1% of total revenues.Adjustments for the consolidation of Essakane (90%) to its attributable portion of cost of sales.Sustaining capital expenditures are expenditures required to support current production levels at a mine site as further described below.Corporate general and administrative costs exclude depreciation expense and one-time material severance charges.Other costs include sustaining lease principal payments and environmental rehabilitation accretion and amortization, partially offset by by-product credits.Cost of sales excluding depreciation per ounce sold, cash costs per ounce sold, and AISC per ounce sold may not be calculated based on amounts presented in this table due to rounding.Sustaining and Expansion Capital Expenditures

Sustaining capital expenditures are expenditures required to support current production levels at a mine site and exclude all expenditures at the Company's development projects as well as certain expenditures at the Company's operating sites that are deemed expansionary in nature which result in a material increase in annual or life of mine gold ounce production, net present value, or reserves. The distinctions between sustaining and expansion capital used by the Company align with the guidelines set out by the World Gold Council. Expansion capital is capital expenditures incurred at new projects and capital expenditures related to major projects or expansion at existing operations where these projects will materially benefit the operations. This non-GAAP financial measure provides investors with transparency regarding the capital expenditures required to support the ongoing operations at its mines, relative to its total capital expenditures.

Reconciliation of incurred capital expenditure per the segmented note in the financial statements to incurred sustaining and expansion capital for the three months ended June 30, 2026, and June 30, 2025:

($ millions, except where noted)Sustaining
Expansion

Q2 2026
Sustaining
Expansion

Q2 2025
Capital expenditures for property, plant and equipment$96.3
$22.0
$118.3
$78.4
$8.9
$87.3
Côté Gold (IMG basis)
36.6

18.0

54.6

27.2

6.6

33.8
Westwood
16.7

3.6

20.3

16.0

-

16.0
Essakane
43.0

0.4

43.4

35.0

2.3

37.3
Corporate
-

-

-

0.2

-

0.2
Reconciliation of capital expenditure and exploration and evaluation expenditures per cash flow statement in the financial statements to cash payments for sustaining and expansion capital for the three months ended June 30, 2026, and June 30, 2025:

($ millions, except where noted)Sustaining
Expansion

Q2 2026
Sustaining
Expansion

Q2 2025
Capital expenditures for property, plant and equipment$96.3
$22.0
$118.3
$78.4
$8.9
$87.3
Working capital adjustments
0.1

0.8

0.9

(6.5)
(1.3)
(7.8)Capital expenditures per statement of cash flows$96.4
$22.8
$119.2
$71.9
$7.6
$79.5
Côté Gold (IMG basis)
34.9

18.8

53.7

26.2

5.3

31.5
Westwood
15.9

3.5

19.4

15.7

-

15.7
Essakane
45.6

0.5

46.1

29.9

2.3

32.2
Corporate
-

-

-

0.1

-

0.1
EBITDA and Adjusted EBITDA

EBITDA (earnings before income taxes, depreciation and amortization and finance costs) is an indicator of the Company's ability to produce operating cash flow to fund working capital needs, service debt obligations and fund capital expenditures.

Adjusted EBITDA represents EBITDA excluding certain impacts such as changes in estimates of asset retirement obligations at closed sites, unrealized (gain) loss on non-hedge derivatives, impairment charges and reversal of impairment charges, write-down of assets and foreign exchange (gain) loss which are non-cash items and certain cash items that are non-recurring or temporary in nature as such items are not indicative of recurring operating performance. Management believes this additional information is useful to investors in understanding the Company's ability to generate operating cash flow by excluding from the calculation these non-cash amounts and cash amounts that are not indicative of the recurring performance of the underlying operations for the periods presented.

The following table provides a reconciliation of EBITDA and Adjusted EBITDA to the consolidated interim financial statements:

($ millions, except where noted)
Q2 2026

Q2 2025

YTD 2026

YTD 2025
Earnings before income taxes $365.1
$164.8
$898.9
$250.5
Add:
 

 

 

 
Depreciation
118.6

95.0

234.3

174.7
Finance costs
11.6

24.0

19.1

53.8
EBITDA $495.3
$283.8
$1,152.3
$479.0
Adjusting items:
 

 

 

 
Unrealized (gain)/loss on non-hedge derivatives
-

(1.7)
-

1.1
Foreign exchange (gain)/loss
(4.1)
(1.7)
1.3

(3.3)Write-down of assets
8.3

0.1

9.6

0.2
Changes in estimates of asset retirement obligations at             closed sites
(2.0)
1.3

(0.7)
6.2
Fair value of deferred consideration from sale of Sadiola
(0.2)
(0.5)
(3.2)
(1.0)Gain on sale of royalties
-

(4.9)
-

(4.9)Severance costs
-

-

0.1

3.8
Other
10.0

-

14.2

(0.2)Adjusted EBITDA $507.3
$276.4
$1,173.6
$480.9
Adjusted Net Earnings Attributable to Equity Holders

Adjusted net earnings attributable to equity holders represents net earnings attributable to equity holders excluding certain impacts, net of taxes, such as changes in estimates of asset retirement obligations at closed sites, unrealized (gain) loss on non-hedge derivatives and warrants, impairment charges and reversal of impairment charges, write-down of assets and foreign exchange (gain) loss which are non-cash items and certain cash items that are non-recurring or temporary in nature as such items are not indicative of recurring operating performance. This measure is not necessarily indicative of net earnings (loss) or cash flows as determined under IFRS. Management believes this measure better reflects the Company's performance for the current period and is a better indication of its expected performance in future periods. As such, the Company believes that this measure is useful to investors in assessing the Company's underlying performance.

The following table provides a reconciliation of earnings before income taxes and non-controlling interests as per the consolidated statements of earnings to adjusted net earnings attributable to equity holders of the Company.

($ millions, except where noted)
Q2 2026

Q2 2025

YTD 2026

YTD 2025
Earnings before income taxes and non-controlling interests$365.1
$164.8
$898.9
$250.5
Adjusting items:
 

 

 

 
Unrealized gain/(loss) on non-hedge derivatives
-

(1.7)
-

1.1
Other finance costs
4.0

2.1

5.8

7.2
Foreign exchange (gain)/loss
(4.1)
(1.7)
1.3

(3.3)Write-down of assets
8.3

0.1

9.6

0.2
Changes in estimates of asset retirement obligations at            closed sites
(2.0)
1.3

(0.7)
6.2
Fair value of deferred consideration from sale of Sadiola
(0.2)
(0.5)
(3.2)
(1.0)Gain on sale of royalties
-

(4.9)
-

(4.9)Severance costs
-

-

0.1

3.8
Other
10.0

-

14.2

(0.2)Adjusted earnings before income taxes and non-controlling interests$381.1
$159.5
$926.0
$259.6
Income taxes
(109.3)
(78.9)
(225.7)
(118.1)Tax on foreign exchange translation of deferred income tax             balances
(0.2)
5.7

0.6

8.0
Tax impact of adjusting items
(4.7)
(1.8)
(5.2)
(3.0)Non-controlling interests
(25.3)
(7.2)
(63.0)
(14.0)Adjusted net earnings attributable to equity holders $241.6
$77.3
$632.7
$132.5
Adjusted net earnings per share attributable to equity holders $0.42
$0.13
$1.09
$0.23
Basic weighted average number of common shares outstanding (millions)
578.0

575.1

582.7

573.8
Net Cash from Operating Activities before Changes in Working Capital

The Company makes reference to net cash from operating activities before changes in working capital which is calculated as net cash from operating activities less working capital items and non-current ore stockpiles. Working capital can be volatile due to numerous factors, including a build-up or reduction of inventories. Management believes that this non-GAAP measure, which excludes these non-cash items, provides investors with the ability to better evaluate the operating cash flow performance of the Company.

The following table provides a reconciliation of net cash from operating activities before changes in working capital to net cash from operating activities:

($ millions, except where noted)
Q2 2026

Q2 2025

YTD 2026

YTD 2025
Net cash from operating activities$445.1
$85.8
$1,015.0
$160.1
Adjusting items from working capital items and non-current ore stockpiles:
 

 

 

 
Receivables and other current assets
(4.4)
29.3

8.5

47.6
Inventories and non-current ore stockpiles
11.5

19.6

18.0

42.1
Accounts payable and accrued liabilities
(9.3)
(7.4)
30.9

(17.6)Net cash from operating activities before changes in working capital$442.9
$127.3
$1,072.4
$232.2
Mine-Site Free Cash Flow

Mine-site free cash flow is calculated as cash flow from mine-site operating activities less capital expenditures from operating mine sites. The Company believes this measure is useful to investors in assessing the Company's ability to operate its mine sites without reliance on additional borrowing or usage of existing cash.

Three months ended June 30, 2026

($ millions, except where noted)
Côté Gold

Westwood

Essakane

Corporate & other

Total
Net cash from operating activities$204.0
$75.9
$208.2
$(43.0)$445.1
Add:
 

 

 

 

 
Operating cash flow used by non-mine site activities
-

-

-

43.0

43.0
Cash flow from operating mine-sites$204.0
$75.9
$208.2
$-
$488.1
Capital expenditures
53.7

19.4

46.1

-

119.2
Less:
 

 

 

 

 
Capital expenditures from corporate and development                projects
-

-

-

-

-
Capital expenditures from operating mine-sites
53.7

19.4

46.1

-

119.2
Mine-site cash flow$150.3
$56.5
$162.1
$-
$368.9
Three months ended June 30, 2025

($ millions, except where noted)
Côté Gold

Westwood

Essakane

Corporate & Other

Total
Net cash from operating activities$125.4
$52.3
$42.2
$(134.1)$85.8
Add:
 

 

 

 

 
Operating cash flow used by non-mine site activities
-

-

-

134.1

134.1
Cash flow from operating mine-sites$125.4
$52.3
$42.2
$-
$219.9
Capital expenditures
31.5

15.7

32.2

0.1

79.5
Less:
 

 

 

 

 
Capital expenditures from construction and development                projects and corporate
-

-

-

(0.1)
(0.1)Capital expenditures from operating mine-sites
31.5

15.7

32.2

-

79.4
Mine-site cash flow$93.9
$36.6
$10.0
$-
$140.5
Liquidity and Net Cash (Debt)

Liquidity is defined as cash and cash equivalents, short-term investments and the credit available under the Credit Facility. Net cash (debt) is calculated as cash, cash equivalents and short-term investments less long-term debt, lease liabilities and the drawn portion of the Credit Facility. The Company believes this measure provides investors with additional information regarding the liquidity position of the Company.

June 30
December 31
($ millions, except where noted)
2026

2025
Cash and cash equivalents$501.4
$421.9
Short-term investments
1.0

1.0
Available Credit Facility
845.7

445.7
Available Liquidity$1,348.1
$868.6

June 30
December 31
($ millions, except where noted)
2026

2025
Cash and cash equivalents$501.4
$421.9
Short-term investments
1.0

1.0
Long-term debt1
(450.2)
(651.0)Net cash (debt) excluding lease liabilities and letters of credit
52.2

(228.1)Lease liabilities
(90.5)
(112.0)Drawn letters of credit issued under Credit Facility
(4.3)
(4.3)Net cash (debt)$(42.6)$(344.4)Includes principal amount of the Notes of $450.0 million, Credit Facility of $nil and equipment loan of $0.2 million (December 31, 2025 - $450.0 million, $200.0 million, and $1.0 million, respectively). Excludes deferred transaction costs and embedded derivatives on the Notes.CONSOLIDATED BALANCE SHEETS

(Unaudited ) 
(In millions of U.S. dollars)
June 30,
2026
December 31, 2025
Assets

Current assets

Cash and cash equivalents$501.4
$421.9
Receivables and other current assets
54.9

79.6
Inventories
366.2

377.0
Assets held for sale
17.5

25.2

940.0

903.7
Non-current assets
 

 
Property, plant and equipment
4,152.6

4,162.8
Exploration and evaluation assets
408.9

396.1
Restricted cash
69.0

71.0
Inventories
221.6

194.8
Deferred income tax assets
21.6

-
Other assets
139.5

124.1

5,013.2

4,948.8

$5,953.2
$5,852.5
Liabilities and Equity
 

 
Current liabilities
 

 
Accounts payable and accrued liabilities$299.6
$329.1
Income taxes payable
144.3

99.6
Current portion of provisions
12.6

5.1
Current portion of lease liabilities
30.7

32.3
Current portion of long-term debt
0.2

1.0
Other current liabilities
61.6

50.0

549.0

517.1
Non-current liabilities
 

 
Deferred income tax liabilities
151.2

52.6
Provisions
302.2

308.3
Lease liabilities
59.8

79.7
Long-term debt
449.1

648.8
Other liabilities
-

0.1

962.3

1,089.5

1,511.3

1,606.6
Equity
 

 
Attributable to equity holders
 

 
Common shares
3,284.3

3,383.8
Contributed surplus
(333.0)
(27.4)Retained earnings
1,482.8

872.6
Accumulated other comprehensive income (loss)
(35.7)
(37.6)

4,398.4

4,191.4
Non-controlling interests
43.5

54.5

4,441.9

4,245.9

 

 

$5,953.2
$5,852.5
Refer to Q2 2026 Financial Statements for accompanying notes.

CONSOLIDATED STATEMENTS OF EARNINGS

(Unaudited)
Three months ended June 30,

Six months ended June 30,
(In millions of U.S. dollars, except per share amounts)
2026

2025

2026

2025

Revenues$856.9
$580.9
$1,887.0
$1,058.0
Cost of sales
(441.8)
(382.1)
(901.2)
(718.0)Gross profit
415.1

198.8

985.8

340.0
General and administrative expenses
(21.8)
(12.5)
(37.2)
(28.9)Exploration expenses
(7.8)
(6.0)
(15.6)
(12.6)Other expenses
(7.0)
(2.7)
(9.9)
(7.8)Earnings from operations
378.5

177.6

923.1

290.7
Finance costs
(11.6)
(24.0)
(19.1)
(53.8)Foreign exchange gain (loss)
4.1

1.7

(1.3)
3.3
Interest income, derivatives and other investment gains (losses)
(5.9)
9.5

(3.8)
10.3
Earnings before income taxes
365.1

164.8

898.9

250.5
Income tax expense
(109.3)
(78.9)
(225.7)
(118.1)Net earnings$255.8
$85.9
$673.2
$132.4
Net earnings attributable to:
 

 

 

 
Equity holders$230.5
$78.7
$610.2
$118.4
Non-controlling interests
25.3

7.2

63.0

14.0
Net earnings$255.8
$85.9
$673.2
$132.4

 

 

 

 
Attributable to equity holders
 

 

 

 
Weighted average number of common shares outstanding (in millions)
 

 

 

 
Basic
578.0

575.1

582.7

573.8
Diluted
582.8

580.7

589.3

580.2

 

 

 

 
Basic earnings per share$0.40
$0.14
$1.05
$0.21
Diluted earnings per share$0.40
$0.14
$1.04
$0.20
Refer to Q2 2026 Financial Statements for accompanying notes.

CONSOLIDATED STATEMENTS OF CASH FLOWS

(Unaudited)
Three months ended June 30,

Six months ended June 30,
(In millions of U.S. dollars)
2026

2025

2026

2025
Operating activities

Net earnings$255.8
$85.9
$673.2
$132.4
Adjustments for:
 

 

 

 
Depreciation expense
118.6

95.0

234.3

174.7
Deferred revenue recognized
-

(76.6)
-

(154.3)Income tax expense
109.3

78.9

225.7

118.1
Derivative loss (gain)
3.4

(1.4)
6.1

3.1
Finance costs
11.6

24.0

19.1

53.8
Other non-cash items
24.9

(9.8)
26.7

(6.3)Adjustments for cash items:
 

 

 

 
Settlement of derivatives
(3.4)
(0.3)
(6.1)
(2.0)Disbursements related to asset retirement obligations
(1.0)
(6.2)
(1.8)
(9.9)Other
(3.9)
-

(3.9)
-
Movements in non-cash working capital items and non-current ore stockpiles
2.2

(41.5)
(57.4)
(72.1)Cash from operating activities, before income taxes paid
517.5

148.0

1,115.9

237.5
Income taxes paid
(72.4)
(62.2)
(100.9)
(77.4)Net cash from operating activities
445.1

85.8

1,015.0

160.1
Investing activities
 

 

 

 
Capital expenditures for property, plant and equipment
(115.6)
(79.5)
(217.2)
(144.2)Capitalized borrowing costs
(8.9)
(10.8)
(12.1)
(16.4)Other investing activities
(20.8)
25.5

3.0

9.2
Net cash used in investing activities
(145.3)
(64.8)
(226.3)
(151.4)Financing activities
 

 

 

 
Repurchase of shares under the Normal Course Issuer Bid             ("NCIB")
(147.9)
-

(407.9)
-
Proceeds from credit facility
-

40.0

-

120.0
Repayment of credit facility
(100.0)
-

(200.0)
(90.0)Dividends paid to non-controlling interests
(74.0)
(128.3)
(74.0)
(128.3)Interest paid
(5.7)
(25.9)
(7.6)
(39.9)Other financing activities
(12.8)
(11.9)
(7.4)
(13.0)Net cash used in financing activities
(340.4)
(126.1)
(696.9)
(151.2)Effects of exchange rate fluctuation on cash and cash equivalents
(8.2)
12.3

(12.3)
18.8
Increase (decrease) in cash and cash equivalents
(48.8)
(92.8)
79.5

(123.7)Cash and cash equivalents, beginning of the period
550.2

316.6

421.9

347.5
Cash and cash equivalents, end of the period$501.4
$223.8
$501.4
$223.8
Refer to Q2 2026 Financial Statements for accompanying notes.

QUALIFIED PERSON AND TECHNICAL INFORMATION

The technical and scientific information relating to exploration activities disclosed in this document was prepared under the supervision of and verified and reviewed by Marie-France Bugnon, P.Geo., Vice President, Exploration, IAMGOLD. Ms. Bugnon is a "qualified person" as defined in National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101").

Data verification involves data input and review by senior project geologists at site, scheduled weekly and monthly reporting to senior exploration management and the completion of project site visits by senior exploration management to review the status of ongoing project activities and data underlying reported results. All drilling results for exploration projects or supporting resource and reserve estimates referenced in this news release have been previously reported in news release disclosures either by the Company or the project operator as the case may be (see referenced news releases) and have been prepared in accordance with NI 43-101. The sampling and assay data from drilling programs are monitored through the implementation of a quality assurance - quality control (QA-QC) program designed to follow industry best practices. Drill core (HQ and NQ size) samples are selected by the project geologists and sawn in half with a diamond saw at the project site. Half of the core is typically retained at the site for reference purposes. Generally, sample intervals are 1.0 to 1.5 metres in length, and reverse circulation holes are sampled at 1.0 metre intervals at the drill rig. Samples are prepared and analyzed at site for the Company's producing mines and at accredited regional laboratories for the Company's exploration projects, using analysis techniques such as standard fire assay with a 50 gram charge, fire assay with gravimetric finish, or LeachWELL rapid cyanide leach with fire assay with a 50 gram charge.

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION

All information included or incorporated by reference in this news release, including any information as to the Company's vision, strategy, future financial or operating performance and other statements that express management's expectations or estimates of future performance or impact, including statements in respect of the prospects and/or development of the Company's projects, other than statements of historical fact, constitutes forward-looking information or forward-looking statements within the meaning of applicable securities laws (collectively referred to herein as "forward-looking statements") and such forward-looking statements are based on expectations, estimates and projections as of the date of this news release. Forward-looking statements are generally identifiable by the use of words such as "may", "will", "should", "would", "could", "continue", "expect", "budget", "aim", "can", "focus", "forecast", "anticipate", "estimate", "maintain", "believe", "intend", "plan", "schedule", "guidance", "outlook", "potential", "seek", "targets", "cover", "strategy", "during", "ongoing", "subject to", "future", "objectives", "opportunities", "committed", "prospective", "likely", "progress", "strive", "sustain", "effort", "extend", "remain", "pursue", "predict", or "project" or the negative of these words or other variations on these words or comparable terminology.

In particular, forward-looking statements in this MD&A include, without limitation, those under the headings "About IAMGOLD", "Highlights", "Outlook", "Environmental, Social and Governance", "Operations", "Financial Condition" and "Quarterly Financial Review" and include, but are not limited to, statements with respect to: the estimation of mineral reserves and mineral resources and the realization of such estimates; operational and financial performance including the Company's guidance for and actual results of production, ESG performance, costs and capital and other expenditures such as exploration and including depreciation expense and effective tax rate; long-term value and capital allocation; the updated life-of-mine plan, ramp-up assumptions and other project metrics including operating costs, processing rates, throughput and operational optimization initiatives in respect of the Côté Gold Mine; expected production of the Côté Gold Mine; expected benefits from the operational improvements and de-risking strategies implemented or to be implemented by the Company; mine development activities; the Company's capital allocation and liquidity, including potential returns of capital to shareholders; the timing and ability to repatriate excess cash from Essakane; the composition of the Company's portfolio of assets including its operating mines, development and exploration projects; the advancement and potential development of the Company's exploration and development projects, including the Nelligan Mining Complex; the sale of its Malian asset; permitting timelines and the expected receipt of permits; inflation, including global inflation and inflationary pressures; global supply chain constraints; environmental verification, biodiversity, including commitments related thereto and social development projects; plans, targets, proposals and strategies with respect to sustainability, including third party data on which the Company relies, and their implementation; commitments with respect to sustainability and the impact thereof; commitments with respect to greenhouse gas emissions and energy transition; commitments related to social performance, including commitments in furtherance of Indigenous relations; the ability to secure alternative sources of consumables of comparable quality and on reasonable terms; workforce and contractor availability, labour costs and other labour impacts; the future price of gold and other commodities; equity financings, foreign exchange rates and currency fluctuations; financial instruments; hedging strategies; impairment assessments and assets carrying values estimates; safety and security concerns in the jurisdictions in which the Company operates and the impact thereof on the Company's operational and financial performance and financial condition; and government regulation of mining operations.

The Company cautions the reader that forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management, are inherently subject to significant business, financial, operational and other risks, uncertainties, contingencies and other factors, including those described below, which could cause actual results, performance or achievements of the Company to be materially different from results, performance or achievements expressed or implied by such forward-looking statements and, as such, undue reliance must not be placed on them. Forward-looking statements are also based on numerous material factors and assumptions, including as described in this news release with respect to: the Company's present and future business strategies; operations performance within expected ranges; anticipated future production and cash flows; local and global economic conditions and the environment in which the Company will operate in the future; the price of precious metals, other minerals and key commodities; projected mineral grades; international exchanges rates; anticipated capital and operating costs; the availability and timing of required governmental and other approvals for the construction of the Company's projects.

Risks, uncertainties, contingencies and other factors that could cause actual results, performance or achievements of the Company to be materially different from results, performance or achievements expressed or implied by such forward-looking statements include, without limitation: the Company's business strategies and its ability to execute thereon; the development and execution of implementing strategies to meet the Company's sustainability vision and targets; security risks, including civil unrest, war or terrorism and disruptions to the Company's supply chain and transit routes as a result of such security risks, particularly in Burkina Faso and the Sahel region surrounding the Company's Essakane mine; the availability of labour and qualified contractors; the availability of key inputs for the Company's operations and disruptions in global supply chains; tariffs and increase costs of supplies and equipment; the volatility of the Company's securities; litigation; contests over title to properties, particularly title to undeveloped properties; mine closure and rehabilitation risks; management of certain of the Company's assets by other companies or joint venture partners; the lack of availability of insurance covering all of the risks associated with a mining company's operations; unexpected geological conditions; competition and consolidation in the mining sector; the profitability of the Company being highly dependent on the condition and results of the mining industry as a whole, and the gold mining industry in particular; changes in the global prices for gold, and commodities used in the operation of the Company's business (including, but not limited to diesel, fuel oil and electricity); legal, litigation, legislative, political or economic risks and new developments in the jurisdictions in which the Company carries on business, including the imposition of tariffs by the United States on Canadian products; changes in taxes, including mining tax regimes; the failure to obtain in a timely manner from authorities key permits, authorizations or approvals necessary for transactions, exploration, development or operation, operating or technical difficulties in connection with mining or development activities, including geotechnical difficulties and major equipment failure; the availability of capital; the level of liquidity and capital resources; access to capital markets and financing; the Company's level of indebtedness; the Company's ability to satisfy covenants under its credit facilities; changes in interest rates; adverse changes in the Company's credit rating; the Company's choices in capital allocation; effectiveness of the Company's ongoing cost containment efforts; the Company's ability to execute on de-risking activities and measures to improve operations; availability of specific assets to meet contractual obligations; risks related to third-party contractors, including reduced control over aspects of the Company's operations and/or the failure and/or the effectiveness of contractors to perform; risks relating to acquisitions and divestitures; risks arising from holding derivative instruments; changes in U.S. dollar and other currency exchange rates or gold lease rates; capital and currency controls in foreign jurisdictions; assessment of carrying values for the Company's assets, including the ongoing potential for material impairment and/or write-downs of such assets; the speculative nature of exploration and development, including the risks of diminishing quantities or grades of reserves; the fact that reserves and resources, expected metallurgical recoveries, capital and operating costs are estimates which may require revision; the presence of unfavourable content in ore deposits, including clay and coarse gold; inaccuracies in life of mine plans; failure to meet operational targets; equipment malfunctions; information systems security threats and cybersecurity; laws and regulations governing the protection of the environment (including greenhouse gas emission reduction and other energy transition requirements; the uncertainty surrounding the interpretation of omnibus Bill C-59 and the related amendments to the Competition Act (Canada); employee relations and labour disputes; the maintenance of tailings storage facilities and the potential for a major spill or failure of the tailings facilities due to uncontrollable events, lack of reliable infrastructure, including access to roads, bridges, power sources and water supplies; physical and regulatory risks related to climate change; unpredictable weather patterns and challenging weather conditions at mine sites; disruptions from weather related events resulting in limited or no productivity such as forest fires, severe storms, flooding, drought, heavy snowfall, poor air quality, and extreme heat or cold; attraction and retention of key employees and other qualified personnel; availability and increasing costs associated with mining inputs and labour, negotiations with respect to new, reasonable collective labour agreements and/or collective bargaining agreements may not be agreed to; the ability of contractors to timely complete projects on acceptable terms; the relationship with the communities surrounding the Company's operations and projects; indigenous rights or claims; illegal mining; the potential direct or indirect operational impacts resulting from external factors, including infectious diseases, pandemics, or other public health emergencies; and the inherent risks involved in the exploration, development and mining business generally. Please see the Company's AIF available on SEDAR+ at www.sedarplus.ca or Form 40-F available on EDGAR at www.sec.gov/edgar for a comprehensive discussion of the risks faced by the Company and which may cause actual results, performance or achievements of the Company to be materially different from results, performance or achievements expressed or implied by forward-looking statements.

Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements, there may be other factors that cause results not to be as anticipated, estimated or intended. The Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise except as required by applicable law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/308480

Source: IAMGOLD Corporation

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Rigetti Computing Inc. (NASDAQ:RGTI) posted its second-quarter results after Thursday’s closing bell, missing analysts’ revenue estimates. Here’s a look at the details inside the report. 

RGTI stock is moving. Watch the price action here. Rigetti Q2 Details       Rigetti reported quarterly losses of five cents per share, in line with the analyst consensus estimate, according to Benzinga Pro data.

Quarterly revenue came in at $5.1 million, which missed the Street estimate of $5.15 million.

“In the second quarter, we continued to execute on our strategy by focusing on our system performance, progressing our core technology roadmap and broadening on-premises system deployments,” said Dr. Subodh Kulkarni, CEO of Rigetti.

“We are seeing broadening engagement across government, academic and commercial customers, and we believe our open modular approach, superconducting gate-based architecture, and chiplet-based scaling strategy continue to differentiate Rigetti in the market,” Kulkarni added.

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RGTI Stock Price Activity: According to data from Benzinga Pro, Rigetti stock was down 4.6% to $15.77 in Thursday’s extended trading.  

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First exploratory drilling in nearly a decade at Perpetua's Idaho properties returned significant, high-grade gold, antimony & tungsten results, including intercepts of 21.3 meters @ 3.2 g/t gold & 0.9% tungsten and 6.4 meters @ 16.2 g/t gold & 1.7% antimony at Yellow-Pine and 3.0 meters @ 14.5 g/t gold at Hangar Flats

New gold-tungsten intercepts, alongside historic tungsten drill results and past production at Stibnite, establish tungsten as a new exploration focus and a potential second critical mineral at the Project

Company submits tungsten exploration funding proposal to U.S. Government Agencies to supplement its current 10,000-meter drilling program focused on growing gold, antimony and tungsten

, /PRNewswire/ -- Perpetua Resources Corp. (Nasdaq: PPTA) (TSX: PPTA) ("Perpetua Resources" or "Perpetua" or the "Company") is pleased to report drilling results and provide an update on its 2026 exploration program in Valley County, Idaho. The exploration plan was approved by the U.S. Forest Service in 2025.

Plan view map of existing and newly reported drill holes from Perpetua Resouces' Stibnite Gold Project in Idaho, USA

Long Section of existing reserve pits and new drilling from Perpetua Resources' Yellow-Pine and West End open pits, as well as new Clark Tunnel Fault Zone (CTFZ) and Huckleberry Fault Zone (HFZ) targets

Long Section of existing reserve pit and new drilling from Perpetua Resources' Hangar Flats deposit, including NDMEA zone, in Idaho, USA

Historical photos depicting previous tungsten mining operations at the Stibnite Gold Project during the Second World War and Korean War.

Appendix summary of highlight gold, antimony and tungsten drill results from recent and historical drill programs at Perpetua Resources' Stibnite Gold Project in Idaho, USA.

"Our focus is on drilling areas that align with our currently planned mining sequence with potential to directly add value," said Jon Cherry, President and CEO of Perpetua. "Our priority is testing higher-grade gold and antimony targets within our three permitted pits that could supplement our existing Stibnite Gold Project (the "Project") mine plan with the aim of sustaining or exceeding our estimated annual average production level of 463,0001 gold ounces beyond our first four years of production. We have also identified gold and antimony exploration targets with the potential to allow for extensions of the existing permitted pits within the Project and are evaluating opportunities to expand our overall resource base beyond the existing Project scope. This includes identifying potential sources of tungsten that could enhance the value of Perpetua's broader land package. These targets are based on previous drilling, historic mining activities and recently defined prospects across the broader, highly prospective land package. Any activity outside the scope of the currently permitted project may require additional regulatory review."  

Recent drilling between the currently permitted Yellow Pine and West End reserve pits continues to reveal compelling new mineralization, including multiple high-grade gold intervals and a new gold-tungsten discovery. Significant high-grade gold intercepts, including a gold-tungsten intercept, have been identified in the Clark Tunnel Fault Zone ("CTFZ") located along the southeastern edge of the proposed Yellow Pine pit. Additional occurrences of scheelite, a tungsten-bearing mineral, have been observed in ongoing drilling in the CTFZ. In addition, widely spaced drilling and surface sampling at the Huckleberry Fault Zone ("HFZ") returned broad intervals of gold mineralization. Lying immediately adjacent to the Yellow Pine reserve pit limits, the HFZ spans over 100 meters in width and has been traced across 0.5km of strike length, with historic data indicating higher-grade lenses can occur. At the Hangar Flats deposit, drilling at the NDMEA zone encountered additional high-grade gold, while critical mineral-focused drilling at Hangar Flats returned significant antimony-tungsten intercepts. These results collectively demonstrate further opportunities to grow and unlock the 3.1 million ounces of indicated and inferred gold resources and 99.8 million pounds of antimony resources that are located outside current reserves.

Exploration drilling is currently underway with 4 rigs and approximately 5,800 meters of new drilling complete to date. The results presented below are from recently completed drill programs totaling 8,340 meters, which was split between geotechnical drilling and exploration. Notable new intercepts include:

Yellow Pine Clark Tunnel Fault Zone (CTFZ) Discovery2

Hole SB597: 21.3 meters of 3.2 g/t gold and 0.9% tungsten from 24 meter depth, incl. 7.0 meters grading 7.1 g/t gold and 0.3% tungsten from 34 meter depth Hole SB580: 6.4 meters of 16.2 g/t gold and 1.7% antimony from surface Hole SB582: 15.0 meters of 6.3 g/t gold and 0.8% antimony from 11 meter depth Hole SB581: 5.5 meters of 14.2 g/t gold and 1.2% antimony from 8 meter depth Hole SB579: 4.6 meters of 10.0 g/t gold and 0.6% antimony from 9 meter depth Hole SB578: 4.9 meters of 9.3 g/t gold and 0.7% antimony from 7 meter depth Hole SB576: 3.4 meters of 9.6 g/t gold and 0.4% antimony from 7 meter depth  Hole SB577: 3.0 meters of 9.4 g/t gold and 0.9% antimony from 9 meter depth Yellow Pine Huckleberry Fault Zone (HFZ)2 

Hole SB588: 69.6 meters of 0.8 g/t gold from 61 meter depth (Lower Huckleberry) Hole SB595: 41.6 meters of 0.8 g/t gold from 131 meter depth (Upper Huckleberry), including 21.8 meters of 1.2 g/t gold from 148 meters depth Hangar Flats Extensions (NDMEA zone)2

Hole SB584: 3.0 meters of 14.5 g/t gold from 82 meter depth Hole SB585: 5.5 meters of 1.1 g/t gold and 0.3% antimony from 108 meter depth Hangar Flats Antimony and Tungsten Results (excluding gold assays)2,3

Hole SB519: 22.9 meters of 3.2% antimony and 1.2% tungsten from 330 meter depth, incl. 4.4 meters of 4.3% antimony and 3.3% tungsten from 334 meter depth and 1.8 meters of 8.3% antimony and 4.6% tungsten from 351 meter depth Hole SB522: 9.8 meters of 8.3% antimony and 4.6% tungsten from 260 meter depth Hole SB527: 3.4 meters of 10.6% antimony and 1.5% tungsten from 247 meter depth Hole SB524: 1.7 meters of 10.5% antimony and 1.8% tungsten from 256 meter depth 2026 Drilling Program Highlights:

A minimum of 10,000 meters of core drilling is planned for 2026 using 4 drill rigs with the ability to expand the program if warranted, based on results. Perpetua estimates approximately 5,800 meters of the 2026 core drilling program have been completed and are in preparation for assay. Initial drilling was planned for potential expansion of the gold and antimony pits in the currently approved mine plan will test along strike and at depth within the Yellow Pine and Hangar Flats deposits. This includes follow-up drilling on the Clark Tunnel Fault Zone and Huckleberry Fault Zone Definition drilling within existing approved footprints is planned with the goal of upgrading inferred resources to measured and indicated categories. Additional testing is also planned for several known high-grade targets near the current pits and located close to planned future milling infrastructure Any future development of target exploration areas that are not approved for mining in the current plan of operations will require additional environmental review and permitting to be completed before mining could commence in these areas Tungsten Emerges as Additional Strategic Opportunity at Stibnite

During the first half of 2026, Perpetua became aware of U.S. government-sponsored initiatives focused on tungsten. Based on the historical production of both antimony and tungsten at Stibnite and given that recent drilling confirmed areas in the Hangar Flats deposit host a combination of high-grade antimony (5-13%) and tungsten (1-6%) at varying widths of 1-10 meters, the Company has submitted proposals seeking U.S. grant funding to undertake drilling, sampling, metallurgical analysis, and resource evaluation. While there can be no assurance that the Company will obtain such grant funding or that economically accessible quantities of tungsten will be identified, Perpetua believes its broader claim package is uniquely positioned to help the U.S. government potentially secure a second critical mineral, in addition to antimony, from the Stibnite mining district. Any tungsten development will require separate public & environmental review and permitting outside the scope of the currently permitted project.

In its grant proposal, Perpetua proposed to embark on a program focused on drilling and metallurgical sampling beneath the Hangar Flats pit.  This work would serve a dual strategic purpose of enabling drilling to test known high-grade antimony-tungsten mineralization at depth while simultaneously providing additional testing of significant gold and antimony resources previously identified but not included in Perpetua's current mine plan. Previously reported drill holes (listed below) indicate the promising potential for recovery of tungsten near areas in the existing mine plan.

Hangar Flats Previously Released Gold, Antimony and Tungsten Intercepts

Hole SB21: 65.2 meters of 3.0 g/t gold, 2.9% antimony, 0.04% tungsten from 244 meter depth Hole SB134: 2.4 meters of 1.4 g/t gold, 0.2% antimony, 1.52% tungsten from 216 meter depth Hole SB165: 4.6 meters of 1.6 g/t gold, 1.8% antimony, 1.17% tungsten from 258 meter depth Hole SB192: 32.3 meters of 1.4 g/t gold, 4.7% antimony, 2.66% tungsten from 316 meter depth Hole SB193: 75.0 meters of 1.6 g/t gold, 2.6% antimony, 0.88% tungsten from 281 meter depth Hole SB203: 17.5 meters of 1.5 g/t gold, 7.6% antimony, 0.71% tungsten from 309 meter depth Global Export Restrictions Have Made Tungsten High Priority Once Again

Historically, the Stibnite district was not only a major producer of antimony, but also one of America's most significant historical tungsten-producing regions. Following the discovery of tungsten at Yellow Pine by the U.S. Bureau of Mines and U.S. Geological Survey in the spring of 1941, production at Stibnite commenced just months later in August of that year. From 1941 to 1945, the Stibnite deposit produced more tungsten than any other mine in the United States with an estimated 611,284 short tons of ore produced averaging 1.645% WO₃. In total, this represented approximately 50% of all tungsten consumed by the United States during the Second World War and the Korean War.

Following the war, the U.S. relied on Chinese imports with China producing an estimated 80% of global tungsten production in recent years4. However, increasing trade tensions resulted in the imposition of Chinese export restrictions of certain critical minerals in February 2025. These restrictions impacted both tungsten and antimony. Given the absence of substitutes, these restrictions pushed tungsten APT (Ammonium Paratungstate) prices up more than 500% from their lows in 2024. Both antimony and tungsten are designated as U.S. government critical minerals due to their importance in national defense applications and domestic manufacturing. Tungsten's ability to retain strength at high temperatures and extreme hardness make it irreplaceable for military applications, though most tungsten consumption (60%) is for use in cemented carbide parts for other key industries including construction, metal working, mining and oil & gas exploration.

Website: www.perpetuaresources.com 

About Perpetua Resources and the Stibnite Gold Project

Perpetua Resources Corp., through its wholly owned subsidiaries, is focused on the exploration, site restoration, and redevelopment of gold-antimony-silver deposits in the Stibnite-Yellow Pine district of central Idaho. The Stibnite Gold Project is one of the highest grade, open pit gold deposits in the United States and holds the only identified domestic reserve of the critical mineral antimony, which is essential to the defense, energy, and manufacturing sectors. The Project is designed to apply a modern, responsible mining approach to restore an abandoned mine site and provide uplift to water quality, improve fish habitat access, and invest in river restoration while supporting local economic development in rural Idaho.

Cautionary Statement Regarding Technical Information

The technical information in this news release has been prepared in accordance with the mining property disclosure rules specified in Regulation S-K subpart 1300 ("S-K 1300") promulgated by the Securities and Exchange Commission and Canadian regulatory requirements set out in National Instrument 43-101 ("NI 43-101"), and has been reviewed and approved by Christopher Dail, CPG, Director, Exploration, and a Qualified Person as defined in NI 43-101 and in S-K 1300. Mr. Dail is not independent of the issuer.  

Except for the exploration results presented herein, the technical and reserves information in respect of the Stibnite Gold Project in this news release is based upon information contained in the technical report titled "Stibnite Gold Project, S-K 1300 Technical Report Summary, Valley County, Idaho, USA," dated as of December 31, 2025 (the "TRS"), developed for the Stibnite Gold Project in accordance with S-K 1300 and published on March 31, 2026. Such information is as of December 31, 2025 and is subject to the assumptions, exclusions and qualifications set forth in the TRS. For additional information regarding the TRS, investors are encouraged to refer to the Company's Annual Report on Form 10-K for the year ended December 31, 2025, filed with the SEC on March 31, 2026.

There can be no assurance that exploration activities will result in the discovery of additional resources or reserves and isolated exploration results may not be indicative of the occurrence of a mineral deposit. Such results do not provide assurance that further work will establish sufficient grade, continuity, metallurgical characteristics and economic potential to be classed as a category of mineral resource.  Exploration results are inherently uncertain and subject to numerous risks and uncertainties, including geological factors, market conditions, and regulatory changes. Furthermore, development of any additional resources and reserves discovered would be subject to any applicable NEPA and permitting requirements.

Data regarding domestic antimony and tungsten reserves are based on U.S. Geological Survey, Mineral Commodity Summaries, dated as of January 2026.

Quality Assurance

The exploration activities at the Stibnite Gold Project site were carried out under the supervision of Richard Moses, C.P.G., Christopher Dail, C.P.G., Austin Zinsser, SME-R.M., and Kent Turner, SME-R.M., all Qualified Persons as defined in NI 43-101 and in S-K 1300.

 All gold assays are by a 30g Fire Assay charge followed by an atomic absorption finish (with a 0.005g/t lower reporting limit). Samples reporting values > 6g/t gold are re-analyzed using a 30g Fire Assay charge followed by a gravimetric finish. Silver is analyzed via a 4-acid digestion followed by an ICP finish (with a 0.5g/t lower reporting limit). Samples reporting values > 10g/t silver are reanalyzed using a 50g Fire Assay charge followed by a gravimetric finish. Antimony is analyzed via a 4-Acid digestion with ICP finish with a 5g/t lower reporting limit. Samples reporting values >500g/t antimony are reanalyzed using XRF fusion. Some intervals may not add or subtract correctly due to rounding, but differences are deemed insignificant.

Samples were handled, shipped via Chain of Custody Procedures. Analyses were carried out by ALS Global Laboratories in their Reno and Elko, Nevada and Vancouver, British Columbia laboratories. Umpire samples are routinely submitted to third party labs and blank and standard samples are inserted at appropriate intervals for quality assurance and quality control. A review of the results of analyses of blanks, standards and duplicates by the Company's Qualified Person indicates values are within normal and acceptable ranges.

Antimony and tungsten analysis for Hangar Flats drill holes SB519-SB527 were performed with a Vanta Portable XRF in the field. Multiple readings were collected and averaged. The XRF protocol entailed analysis of reference standards and a blank sample throughout the use of the instrument. Overall, 99 non-duplicate analyses with appropriate data formatting were collected from QA/QC samples, representing approximately 5% of total analyses. Generally, the XRF QA data is considered sufficient for the objectives of the program.

Forward-Looking Information

Investors should be aware that no funding has been committed in connection with the Company's application for grant funding for tungsten exploration. There is no assurance that the application will be successful and, if successful, whether any funding awarded will be sufficient to conduct the proposed exploration activities or that such exploration will produce positive results.

Statements contained in this news release that are not historical facts are "forward-looking information" or "forward-looking statements" (collectively, "Forward-Looking Information") within the meaning of applicable Canadian securities legislation and the United States Private Securities Litigation Reform Act of 1995. In certain cases, Forward-Looking Information can be identified by the use of words and phrases or variations of such words and phrases or statements such as "anticipate", "expect", "plan", "likely", "believe", "intend", "forecast", "project", "estimate", "potential", "could", "may", "will", "would" or "should". Forward-Looking Information includes, but is not limited to, planned exploration and development for the project, including with respect to antimony and tungsten; the Company's application for a grant related to tungsten exploration; the expected outcomes and benefits of the Project, including production rates and mineral reserves and mineral resources; and the potential for development of any additional resources and reserves and the permitting requirements with respect to any such additional resources and reserves. In preparing the Forward-Looking Information in this news release, Perpetua Resources has applied several material assumptions, including, but not limited to, that the current exploration, development, environmental and other objectives concerning the Project can be achieved and that the Company's other corporate activities will proceed as expected; that general business and economic conditions will not change in a materially adverse manner and that permitting, construction and operations costs will not materially increase; that the Company will satisfy or will continue to satisfy the requirements of applicable permits and the requirements of various governmental approvals; and assumptions made in the interpretation of drill results, the geology, grade and continuity of mineral deposits. Forward-Looking Information involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of Perpetua Resources to be materially different from any future results, performance or achievements expressed or implied by the Forward-Looking Information. Such risks and other factors include, among other things, risks related to unforeseen delays in the review and permitting process, including as a result of legal challenges to the ROD or other permits; risks related to increased or unexpected costs in development, construction, operations or the permitting process; risks that necessary financing will be unavailable when needed on acceptable terms, or at all, as well as those factors discussed in Perpetua Resources' public filings with the U.S. Securities and Exchange Commission (the "SEC") and its Canadian disclosure record. Although the Company has attempted to identify important factors that could affect the Company and may cause actual actions, events or results to differ materially from those described in Forward-Looking Information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. Because it is not possible to predict or identify all such factors, this list cannot be considered a complete set of all potential risks or uncertainties. Accordingly, readers should not place undue reliance on Forward-Looking Information. For further information on these and other risks and uncertainties that may affect the Company's business and liquidity, see the "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" sections of the Company's filings with the SEC, which are available at www.sec.gov and with the Canadian securities regulators, which are available at www.sedarplus.ca. Except as required by law, the Company expressly disclaims any obligation to update the Forward-Looking Information herein.

__________________________________

1 Based on average annual recovered gold for Years 1-4 as reported in the Technical Report Summary for the Project, dated as of December 31, 2025. See "Cautionary Statement Regarding Technical Information" below.

2 True widths are estimated to be approximately 85-95% of the reported interval lengths based on the current interpretation of drill hole orientation relative to the mineralized zone.

3 Antimony and tungsten drilling in the Hangar Flats deposit was designed to collect bulk samples for metallurgical testing. Drill core was analyzed on-site using portable XRF equipment, after which samples were composited and submitted to SVL Analytical (Kellogg, Idaho) for XRF and wet chemical titration analysis of antimony and tungsten. Gold grades were not assessed as part of this program.

4 "Stibnite Historic District," National Register of Historic Places Nomination Form, NPS Ref. No. 87001186 (listed July 19, 1987).

SOURCE Perpetua Resources Corp.

AerSale NASDAQ: ASLE reported second-quarter revenue and adjusted EBITDA that declined from a year earlier, primarily because the company did not record any flight equipment sales during the period. Management said it expects a stronger second half as it monetizes inventory, expands leasing activity and increases utilization at its maintenance facilities.

Revenue for the quarter totaled $70.9 million, compared with $107.4 million in the prior-year period. Adjusted EBITDA was $2.2 million, or 3.1% of revenue, versus $18.3 million, or 17% of revenue, a year earlier. Net loss was $5.6 million, compared with net income of $8.6 million in the second quarter of 2025.

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Chief Executive Officer Nick Finazzo said the results reflected “timing, not trajectory,” pointing to the absence of flight equipment sales that contributed $33.4 million of revenue in the year-earlier quarter through the sale of eight engines. Excluding flight equipment sales, revenue declined 4.2% year over year, as lower used serviceable material, or USM, sales outweighed growth in leasing and maintenance operations.

Leasing Growth Offsets Lower USM Sales Asset management solutions revenue fell 51.3% to $37.1 million. Excluding flight equipment sales, however, segment revenue declined 13.6%, reflecting lower USM sales. The company said it acquired $5.6 million of feedstock during the second quarter, down from $27.1 million a year earlier, as it maintained pricing discipline in what Finazzo described as a highly competitive acquisition market.

Leasing revenue rose about 50% to $12.4 million, supported by a larger engine and converted freighter portfolio. AerSale ended the quarter with 18 engines and three Boeing 757 freighters on lease, compared with 16 engines and one freighter a year earlier.

In July, AerSale placed its fourth converted 757 freighter on lease and signed a lease for a fifth freighter expected to be delivered in August. The company has two remaining freighters from its passenger-to-freighter conversion program to monetize.

Finazzo also said AerSale was awarded a $35 million sale of a Boeing 737 aircraft to the U.S. Marshals Service. The company expects the transaction to close in the third quarter or early in the fourth quarter. Management also cited several engine transactions expected to close in late third quarter or early fourth quarter.

During the question-and-answer session, Finazzo said AerSale had 17 engines in work and expects many to emerge from repair facilities in the coming months. Depending on market conditions, the company may place those engines into its lease portfolio or sell them to customers offering better economic returns.

Management said it is increasingly using USM inventory to restore aircraft engines and other flight equipment for sale or lease, rather than selling all material as individual piece parts. Chief Financial Officer Martin Garmendia said USM margins have typically been around 25%, while flight equipment transactions have at times generated higher margins and faster capital recovery.

Maintenance Operations Expand, but Ramp-Up Costs Weigh on Margins Tech Ops revenue increased 8.7% to $33.8 million. Growth was led by the ramp-up of AerSale’s CRJ700 and CRJ900 multi-line maintenance program in Millington, Tennessee, additional aircraft storage at its Goodyear, Arizona, operation, and higher landing gear and aerostructures activity.

However, gross margin declined to 22.9% from 32.9% a year earlier. Garmendia said margins were affected by the lack of higher-margin flight equipment sales, lower USM gross profit, and the cost of staffing and building capacity ahead of expected work at Goodyear and Millington.

At Millington, AerSale has two maintenance lines in operation and capacity to add two additional lines, Garmendia said. The company has seen improvements in labor efficiency and aircraft turnaround times as the program progresses.

Goodyear was operating at less than 20% of available capacity during the quarter, according to Garmendia. But AerSale has been carrying additional labor in anticipation of heavy maintenance work related largely to aircraft formerly operated by Spirit Airlines.

Finazzo said AerSale had 84 former Spirit aircraft in storage at Goodyear. The aircraft are now owned by banks or leasing companies, and each will require some level of maintenance before returning to service. Some aircraft may instead be dismantled for parts, particularly where engines have greater value as standalone leased assets.

Management said it expects the maintenance demand associated with those aircraft, along with work from other customers, to help fill Goodyear’s capacity over the coming year. Garmendia said AerSale’s on-airport MRO operations have historically generated margins in the 20% to 30% range when operating at fuller utilization.

AerSale’s landing gear facility was operating at about 80% capacity on one shift after receiving gear from customer programs involving Boeing 737 MAX and 787 aircraft. The company expects to add a second shift as volumes increase.

Liquidity and Product Outlook Cash used in operating activities totaled $33.5 million year to date, driven largely by investments in feedstock and make-ready costs for equipment intended for lease or sale. AerSale ended the quarter with $376 million of inventory and $133 million of aircraft and engines held for lease.

Available liquidity was $34 million, including $2.2 million of cash and cash equivalents and $31.8 million available under its $180 million revolving credit facility. The facility may be expanded to $200 million, subject to conditions and borrowing-base availability.

Management said demand remains strong for its AerSafe product and expects activity to peak in the third quarter ahead of a November 2026 Federal Aviation Administration compliance deadline related to a fuel-tank flammability airworthiness directive.

Regarding its AerAware enhanced flight vision product, Finazzo said the company continues to engage with regulators and industry participants but did not identify new customer commitments. He said AerSale is evaluating other parts-manufacturing-approval and repair opportunities, though it does not currently expect those efforts to make a substantial contribution in the near term.

For the rest of 2026, AerSale said its priorities remain expanding its lease pool, strategically monetizing inventory, increasing MRO capacity and improving operational profitability as recent expansion investments gain scale.

About AerSale (NASDAQ:ASLE)AerSale Inc is an integrated aftermarket solutions provider serving the global commercial, defense and business aviation markets. The company specializes in aircraft and engine maintenance, repair and overhaul (MRO), asset leasing and aviation parts distribution. Its key offerings include airframe heavy maintenance, engine tear‐down and component overhaul, used serviceable material programs and end‐of‐life aircraft disassembly. Through these services, AerSale supports operators seeking to optimize fleet availability, extend asset life cycles and reduce maintenance costs.

Founded in 2009 and headquartered in Coral Gables, Florida, AerSale has grown through strategic acquisitions and organic expansion.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].

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SpaceX (SPCX +6.14%) held its first earnings call as a public company on Tuesday, and CEO Elon Musk used it to make an already ambitious goal more ambitious.

The company's internal target for reaching $1 trillion in annual revenue, he said, has moved up a year, from 2031 to 2030. And he put what he called a "non-zero chance" on getting there in 2029.

That is a striking thing to say about a company that produced $7.8 billion of revenue in the quarter it was reporting. It was a strong quarter, to be sure. Revenue grew 92% year over year, and the rocket and satellite company's net loss narrowed to $541 million from $1.0 billion a year earlier.

A target, of course, isn't guidance. But I think this one is specific enough to check against the company's own numbers. So, what growth rate does $1 trillion by 2030 actually require?

Elon Musk. Image source: The White House.

The quarter the new target landed on The second quarter gave the bulls plenty to work with. All three segments grew, led by the artificial intelligence (AI) business, where revenue rose 247% year over year to $2.6 billion on new cloud computing agreements -- the company signed $14.1 billion of contracted cloud sales during the quarter alone. The connectivity segment, home of the Starlink satellite internet service, grew revenue 66% year over year to $4.3 billion and stayed the company's profit center, with operating income climbing 79% to $1.7 billion. Even the space segment, the launch business itself, grew 29% year over year to $962 million.

Starlink ended the second quarter with 12 million subscribers, double the year-ago count and up 1.7 million in three months.

Average Starlink revenue per user, though, was $66 per month, down from $85 a year earlier. Subscriber growth is outrunning pricing, not riding it.

The spending is enormous, too. Capital expenditures totaled $18.4 billion in the quarter (nearly double the prior quarter, and about 6.5 times the year-ago level), with $15.8 billion of that going to AI infrastructure.

The company can afford it, for now. "We ended the second quarter with $100 billion of cash, cash equivalents, and marketable securities, and $47.5 billion in backlog," chief financial officer Bret Johnsen said in the commentary accompanying the second-quarter release, adding that the balance sheet gives the company capacity to keep investing in Starship, Starlink satellites, and its AI platform.

Over the past 12 months, SpaceX generated about $23 billion of revenue. A $1 trillion year in 2030 is about 43 times that figure.

The friendlier starting point is the one management offered. Johnsen said on the call that the company is on pace to reach $100 billion in annualized revenue run-rate by the end of this year.

Take that at face value, and $1 trillion of annual revenue in 2030 still means growing roughly tenfold in about four years. That works out to about 78% compounded annually.

Compare that with what the business is doing today. The company grew 92% in the second quarter, so the required rate is arguably not absurd on its face. But the segment carrying most of the revenue, Starlink's connectivity business, grew 66%.

The only piece growing faster than the target requires is AI. And that growth is running on $15.8 billion of quarterly capital spending against $2.6 billion of segment revenue, with the segment posting a $1.3 billion operating loss.

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Zoom out, and growth rates tend to fall as companies get bigger. SpaceX would need the opposite. It would have to hold a near-80% pace through 2030, while its largest segment grows more slowly than that and its average Starlink customer pays less than a year ago.

Sure, the bull case has hard dollars behind it. The backlog is contracted money, the cloud agreements are signed, and Musk said Starlink could deliver a majority of the world's internet within a decade. If Starship cuts launch costs, the ceiling is hard to estimate.

However, a ceiling isn't a schedule. I think the moved-up date is a stretch goal for Musk's own teams more than a forecast for shareholders. The target only holds if that pace holds companywide -- carried by the one segment that spends far more than it takes in.

I'd watch one number instead: whether annualized revenue run-rate actually approaches $100 billion by year-end, as Johnsen says it should. Hit that, and the 2030 conversation gets more interesting.

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Company backs enforcement to enable a level playing field for American solar manufacturing, workers

PHOENIX--(BUSINESS WIRE)--First Solar, Inc. (Nasdaq: FSLR) ("First Solar" or "the Company") today voiced strong support for the Trump Administration’s action on imports of polysilicon and its derivatives under Section 232 of the Trade Expansion Act, a move aimed at loosening China's grip on a critical supply chain.

Polysilicon is a foundational input for crystalline silicon solar modules, and Chinese producers control more than 90 percent of the global supply, a concentration that is itself a security risk. That control has given a single government outsized sway over the cost and availability of the material and its derivatives, created opaque supply chains that carry forced labor exposure, and enabled anti-competitive measures at a cost to American solar manufacturers and their workers.

“First Solar strongly commends the Trump Administration's Section 232 national security action on polysilicon and its derivatives, one of the most strategically significant trade measures in decades,” said Mark Widmar, chief executive officer, First Solar. “For years, China-linked supply chains dumped below cost and circumvented US laws to undercut American workers and their livelihoods, while creating a strategic vulnerability. This action closes that loophole, and it is built to be enforced, with a minimum import price, an ad valorem tariff behind it, and real consequences for violators. That is the fair shot at a level playing field that American manufacturers and workers have earned.”

Widmar said, “As we built the largest solar manufacturing and supply chain footprint in the country, we've long argued that how and where solar technology is made matters, and the Administration's actions recognize that. In particular, the incentive structure, coupled with a hard-to-game framework, is a clear signal that the Administration is committed to ending America's dependence on China for critical solar energy technology and building the jobs, investment, and manufacturing capacity to match.”

First Solar operates the largest solar technology manufacturing and research and development (R&D) footprint in the Western Hemisphere with five operational manufacturing facilities in Alabama, Louisiana, and Ohio, and a sixth plant under construction in South Carolina, the first phase of which is expected to begin operations in the second half of 2026. By the end of 2026, the Company expects to have invested over $5 billion in American manufacturing and R&D infrastructure since 2019, and by 2027 it forecasts approximately 17 gigawatts (GW) of US module manufacturing capacity, none of which has any dependence on Chinese crystalline silicon supply chains.

A study commissioned by First Solar and conducted by the University of Louisiana at Lafayette, released earlier this year, estimated that the Company supported nearly 30,000 American jobs and $3.0 billion in labor income in 2025, while contributing approximately $5.8 billion to US gross domestic product (GDP). The analysis projects that by 2027 the Company will support more than 39,000 jobs and $4.0 billion in labor income and contribute approximately $7.8 billion to US GDP.

About First Solar, Inc.

First Solar, Inc. is America's leading PV solar technology and manufacturing company. The only US-headquartered company among the world's largest solar manufacturers, First Solar is focused on competitively and reliably enabling power generation needs with its advanced, uniquely American thin film PV technology. Developed at research and development (R&D) labs in California and Ohio, the Company's technology represents the next generation of solar power generation, providing a competitive, high-performance, and responsibly produced alternative to conventional crystalline silicon PV modules. For more information, please visit www.firstsolar.com.

Cautionary Statement Regarding Forward-Looking Statements

This press release contains various “forward-looking statements” which are made pursuant to safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, statements concerning: (i) plans to establish a new production facility in South Carolina; (ii) expectations that the first phase of the facility will begin production in the second half of 2026; (iii) expectations that First Solar will have a total US nameplate capacity of approximately 17 GW by 2027; and (iv) our expectation that First Solar will have invested over $5 billion in American manufacturing and R&D infrastructure from 2019 to 2026. These forward-looking statements are often characterized by the use of words such as “estimate,” “expect,” “anticipate,” “project,” “plan,” “intend,” “seek,” “believe,” “forecast,” “foresee,” “likely,” “may,” “should,” “goal,” “target,” “might,” “will,” “could,” “predict,” “continue” and the negative or plural of these words and other comparable terminology. Forward-looking statements are only predictions based on First Solar’s current expectations and First Solar’s projections about future events and therefore speak only as of the date of this release. You should not place undue reliance on these forward-looking statements. First Solar undertakes no obligation to update any of these forward-looking statements for any reason, whether as a result of new information, future developments or otherwise. These forward-looking statements involve known and unknown risks, uncertainties, and other factors that may cause First Solar’s actual results, levels of activity, performance, or achievements to differ materially from those expressed or implied by these statements. These factors include, but are not limited to, the results of our investigation of potential infringers, the costs and other impacts arising from any subsequent litigation, the results of which are unpredictable; the validity and scope of claims relating to the patents; the potential for companies to develop and patent technology designed to exclude our patented technology; and the matters discussed under the captions “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” of First Solar’s most recent Annual Report on Form 10-K, as supplemented by First Solar’s other filings with the Securities and Exchange Commission.

This press release contains references to data and information generated by economic studies conducted by the Kathleen Babineaux Blanco Public Policy Center at the University of Louisiana at Lafayette, and commissioned by the Iberia Economic Development Authority and First Solar. The study commissioned by First Solar is based on numerous assumptions, estimates and other data as more fully described in the report summarizing the study’s findings, which is available at www.firstsolar.com/USeconomy.

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NEW YORK--(BUSINESS WIRE)--American International Group, Inc. (NYSE: AIG) today reported financial results for the second quarter ended June 30, 2026.

“AIG delivered another strong quarter, marking an exceptional first half of the year and underscoring the benefits of our diversified global portfolio and continued momentum from organic growth and our recent strategic transactions,” said Eric Andersen, AIG President & Chief Executive Officer.

“Adjusted after-tax income per diluted share was $2.00, increasing 10% year-over-year, and Core Operating ROE was 11.1%. Net premiums written grew 9% year-over-year on a constant dollar basis, or 11%* excluding North America Property, supported by top-line growth across all three business segments. We produced another solid quarter of underwriting profitability, with General Insurance underwriting income of $686 million, a calendar year combined ratio of 89.0% and an accident year combined ratio, as adjusted, of 88.1%.

“Our strong quarterly results demonstrate our ability to perform well in the current market, which has transitioned from an extended phase of broad positive pricing into a more selective environment, where profitability and growth are increasingly dependent on line-specific dynamics. The breadth of our underwriting expertise and the diversity of our global portfolio remain important competitive advantages, allowing us to continue to pursue targeted growth in the segments where we expect to achieve the most attractive risk-adjusted returns.

“We are building on our strong foundation as a market leader and best-in-class underwriting company. Our progress reflects the outstanding execution and commitment of our talented global team. We remain confident in our ability to meet our 2025 Investor Day financial objectives and see significant opportunity to leverage our global scale, strong brand and technical expertise to bring the full capabilities of AIG together to support our clients and stakeholders, while driving sustainable, profitable growth.”

* Refers to financial measure not calculated in accordance with generally accepted accounting principles (non-GAAP); definitions of non-GAAP measures and reconciliations to their closest GAAP measures can be found in this press release under the heading Comment on Regulation G and Non-GAAP Financial Measures.

FINANCIAL SUMMARY

Three Months Ended
June 30,

($ and shares in millions, except per share amounts)

2025

2026

Net income attributable to AIG common shareholders

$

1,144

$

948

Net income per diluted share attributable to AIG common shareholders

$

1.98

$

1.78

Net investment income

$

1,466

$

1,127

Net investment income, APTI basis

955

908

Adjusted pre-tax income (loss)

$

1,391

$

1,404

General Insurance

1,492

1,546

Other Operations

(101)

(142)

Adjusted after-tax income attributable to AIG common shareholders

$

1,044

$

1,069

Adjusted after-tax income per diluted share attributable to AIG common shareholders

$

1.81

$

2.00

Weighted average common shares outstanding - diluted

577.9

533.5

Return on equity

11.0

%

9.4

%

Adjusted return on equity

9.7

%

10.2

%

Core operating return on equity

11.7

%

11.1

%

Book value per share

$

74.14

$

77.39

Adjusted book value per share

$

76.62

$

79.98

Adjusted tangible book value per share

$

69.81

$

72.18

Core operating book value per share

$

63.71

$

74.43

Common shares outstanding (in millions)

559.8

524.7

For the second quarter of 2026, Net income attributable to AIG common shareholders was $948 million, or $1.78 per diluted common share, compared to net income of $1.1 billion, or $1.98 per diluted common share, in the prior year quarter. The year-over-year decrease was primarily due to changes in the fair value of AIG's investment in Corebridge and equity securities, partially offset by higher underwriting income.

AATI was $1.1 billion, or $2.00 per diluted common share, compared to $1.0 billion, or $1.81 per diluted common share in the prior year quarter, reflecting higher underwriting income, partially offset by lower Other Operations Net investment income.

Total Net investment income for the second quarter of 2026 was $1.1 billion, compared to $1.5 billion in the prior year quarter, primarily due to changes in the fair value of AIG's investment in Corebridge and equity securities.

Total Net investment income on an APTI basis was $908 million, compared to $955 million in the prior year quarter, due to lower Net investment income in Other Operations, while General Insurance Net investment income was flat year-over-year.

AIG returned $904 million to shareholders in the second quarter of 2026 through $641 million of common stock repurchases, representing approximately 8 million shares, and $263 million of common stock dividends. At June 30, 2026, the total debt to total capital ratio was 18.1% and the total debt to total adjusted capital* ratio was 17.6%. During the quarter, AIG sold approximately 25 million shares of Corebridge common stock, representing our remaining interest in Corebridge, for aggregate proceeds of approximately $710 million.

ROE and Core Operating ROE* were 9.4% and 11.1%, respectively, in the second quarter of 2026. Book value per share was $77.39 as of June 30, 2026, an increase of 4% from June 30, 2025. Adjusted tangible book value per share* was $72.18, an increase of 3% from June 30, 2025.

On August 6, 2026, the AIG Board of Directors declared a quarterly cash dividend on AIG common stock of $0.50 per share. The dividend is payable on September 30, 2026 to shareholders of record at the close of business on September 16, 2026.

GENERAL INSURANCE

Three Months Ended June 30,

($ in millions)

2025

2026

Change

Gross premiums written

$

10,056

$

10,943

9

%

Net premiums written

$

6,880

$

7,516

9

%

Net premiums written, on constant dollar basis

9

%

Underwriting income (loss)

$

626

$

686

10

%

Net investment income

$

871

$

871

—

%

Adjusted pre-tax income(a)

$

1,492

$

1,546

4

%

Underwriting ratios:

General Insurance (GI) CR

89.3

89.0

(0.3)

pts

GI Loss ratio

58.3

58.2

(0.1)

Less: impact on loss ratio

Catastrophe losses and reinstatement premiums

(2.9)

(3.4)

(0.5)

Prior year development, net of prior year premiums

2.0

2.5

0.5

GI Accident year loss ratio, as adjusted

57.4

57.3

(0.1)

GI Expense ratio

31.0

30.8

(0.2)

GI Accident year combined ratio, as adjusted

88.4

88.1

(0.3)

pts

Second quarter NPW of $7.5 billion increased 9% from the prior year quarter both on a reported basis and a constant dollar basis. The growth was primarily driven by continued organic growth in select high-performing segments and contributions from AIG’s recent strategic transactions, partially offset by North America Property lines. Excluding North America Property lines, General Insurance NPW growth was 11%* in the second quarter. Underwriting income was $686 million, increasing 10% from the prior year quarter. Total catastrophe-related charges were $210 million, representing 3.4 loss ratio points, compared to $170 million, representing 2.9 loss ratio points, in the prior year quarter. Second quarter 2026 included $75 million of net losses related to the Middle East conflict. Second quarter 2026 included favorable prior year development (PYD), net of reinsurance and prior year premiums, of $145 million, compared to $112 million in the prior year quarter, primarily due to favorable development in U.S. Workers’ Compensation and U.S. Property and Special Risks, partially offset by slight strengthening in U.S. Excess Casualty. The combined ratio was 89.0%, improving 30 basis points from 89.3% in the prior year quarter, largely due to higher favorable PYD and an improved expense ratio, partially offset by higher catastrophe-related charges. The AYCR was 88.1%, improving 30 basis points from 88.4% in the prior year quarter, driven by a lower accident year loss ratio, as adjusted* (AYLR) as well as a lower expense ratio. General Insurance APTI was $1.5 billion, increasing 4% from the prior year quarter, driven by higher underwriting income. GENERAL INSURANCE - NORTH AMERICA COMMERCIAL

Three Months Ended June 30,

($ in millions)

2025

2026

Change

Net premiums written

$

2,863

$

3,125

9

%

Net premiums written, on constant dollar basis

9

%

Underwriting income (loss)

$

301

$

372

24

%

Underwriting ratios:

CR

85.9

84.0

(1.9)

pts

AYCR, as adjusted

86.2

86.7

0.5

pts

Second quarter NPW of $3.1 billion increased 9% from the prior year quarter, primarily driven by Retail Casualty and Financial Lines, partially offset by declines in Lexington, driven by Property. The combined ratio was 84.0%, improving 190 basis points from 85.9% in the prior year quarter, driven by higher favorable PYD, lower catastrophe-related charges and lower general operating expense (GOE) ratio, partially offset by higher acquisition ratio and AYLR due to changes in business mix, in addition to rate pressure, particularly in Property. The AYCR was 86.7%, increasing 50 basis points from 86.2% in the prior year quarter, primarily driven by higher acquisition ratio and AYLR, partially offset by lower GOE ratio. GENERAL INSURANCE - INTERNATIONAL COMMERCIAL

Three Months Ended June 30,

($ in millions)

2025

2026

Change

Net premiums written

$

2,325

$

2,588

11

%

Net premiums written, on constant dollar basis

10

%

Underwriting income (loss)

$

300

$

200

(33)

%

Underwriting ratios:

CR

85.9

91.3

5.4

pts

AYCR, as adjusted

85.0

87.3

2.3

pts

Second quarter NPW of $2.6 billion increased 11% from the prior year quarter, or 10% on a constant dollar basis, primarily driven by Property and Marine, partially offset by Financial Lines due to continued rate pressure. The combined ratio was 91.3%, increasing 540 basis points from 85.9% in the prior year quarter, driven by higher catastrophe-related charges, primarily due to losses related to the Middle East conflict, higher AYLR, reflecting rate pressure, and higher acquisition ratio, reflecting a combination of strong new business growth and changes in business mix. The AYCR was 87.3%, increasing 230 basis points from 85.0% in the prior year quarter, driven by higher AYLR and acquisition ratio. GENERAL INSURANCE - GLOBAL PERSONAL

Three Months Ended June 30,

($ in millions)

2025

2026

Change

Net premiums written

$

1,692

$

1,803

7

%

Net premiums written, on constant dollar basis

8

%

Underwriting income (loss)

$

25

$

114

356

%

Underwriting ratios:

CR

98.5

92.9

(5.6)

pts

AYCR, as adjusted

96.1

91.2

(4.9)

pts

Second quarter NPW of $1.8 billion increased 7% from the prior year quarter, or 8% on a constant dollar basis, primarily driven by strong growth momentum in Accident & Health and continued organic growth in the High Net Worth business. The combined ratio was 92.9%, improving 560 basis points from 98.5% in the prior year quarter, primarily due to lower AYLR and acquisition ratio reflecting earn-in of improved High Net Worth business commission terms, lower GOE ratio and reduced catastrophe-related charges. The AYCR was 91.2%, improving 490 basis points from 96.1% in the prior year quarter. OTHER OPERATIONS

Three Months Ended June 30,

($ in millions)

2025

2026

Change

Net investment income and other

$

92

$

39

(58)

%

Corporate and other general operating expenses

(90)

(82)

9

Interest expense

(101)

(99)

2

Adjusted pre-tax loss before consolidation and eliminations

$

(99)

$

(142)

(43)

Total consolidation and eliminations

(2)

—

NM

Adjusted pre-tax loss(a)

$

(101)

$

(142)

(41)

%

(a) In the third quarter of 2025, AIG began excluding the net results of run-off businesses previously reported in General Insurance from Adjusted pre-tax income.

Other Operations predominantly consists of Net investment income from our AIG Parent liquidity portfolio, Corebridge dividend income, corporate GOE, and Interest expense. Net Investment Income and Other was $39 million, compared to $92 million in the prior year quarter, which included $27 million of Corebridge dividends. In addition, the current quarter has lower Short-term Investment income. Corporate and other GOE improved $8 million from the prior year quarter. Interest expense increased $2 million from the prior year quarter. CONFERENCE CALL

AIG will host a conference call tomorrow, Friday, August 7, 2026 at 8:30 a.m. ET to review these results. The call is open to the public and can be accessed via a live, listen-only webcast in the Investors section of www.aig.com. A replay will be available after the call at the same location.

# # #

Additional supplementary financial data is available in the Investors section at www.aig.com.

Cautionary Note on Forward-Looking Statements

Certain statements in this press release and other publicly available documents may include, and members of management may from time to time make and discuss, statements which, to the extent they are not statements of historical or present fact, may constitute “forward-looking statements” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. These forward‑looking statements are intended to provide management’s current expectations or plans for future operating and financial performance, based on assumptions currently believed to be valid and accurate. Forward-looking statements are often preceded by, followed by or include words such as “will,” “believe,” “anticipate,” “expect,” “expectations,” “intend,” “strive,” “plan,” “strategy,” “prospects,” “project,” “anticipate,” “should,” “guidance,” “outlook,” “view,” “target,” “goal,” “estimate” and other words of similar meaning in connection with a discussion of future operating or financial performance. These statements may include, among other things, projections, goals and assumptions that relate to future actions, prospective services or products, future performance or results of current and anticipated services or products, sales efforts, expense reduction efforts, the outcome of contingencies such as legal proceedings, anticipated organizational, business or regulatory changes, the effect of catastrophic events, both natural and man-made, and macroeconomic and/or geopolitical events, anticipated dispositions, monetization and/or acquisitions of businesses or assets, the successful integration of acquired businesses, management succession and retention plans, exposure to risk, trends in operations and financial results, and other statements that are not historical facts.

All forward-looking statements involve risks, uncertainties and other factors that may cause actual results and financial condition to differ, possibly materially, from the results and financial condition expressed or implied in the forward-looking statements. Factors that could cause actual results to differ, possibly materially, from those in specific projections, targets, goals, plans, assumptions and other forward-looking statements include, without limitation:

the impact of adverse developments affecting economic conditions in the markets in which we operate, including financial market conditions, a U.S. federal government shutdown, macroeconomic trends, changes in trade policies, including tariffs, fluctuations in interest rates and foreign currency exchange rates, inflationary pressures, including social inflation, pressures on the commercial real estate market, pandemics, and geopolitical events or conflicts; the occurrence of catastrophic events, both natural and man-made, which may be exacerbated by the effects of climate change; disruptions in the availability or accessibility of our or a third party’s information technology systems, including hardware and software, infrastructure or networks, and the inability to safeguard the confidentiality and integrity of customer, employee or company data due to cyberattacks, data security breaches or infrastructure vulnerabilities; our ability to effectively implement technological advancements, including the use of artificial intelligence (AI), and respond to competitors' AI and other technology initiatives; our ability to successfully complete strategic transactions, including to successfully dispose of, monetize and/or acquire businesses or assets or successfully integrate acquired businesses, and the anticipated benefits thereof; the effects of changes in laws and regulations, including those relating to privacy, data protection, cybersecurity and AI, and the regulation of insurance, in the U.S. and other countries in which we operate; concentrations in our investment portfolios; changes in the valuation of our investments; our reliance on third-party investment managers; nonperformance or defaults by counterparties; our reliance on third parties to provide certain business and administrative services; our ability to adequately assess risk and estimate related losses as well as the effectiveness of our enterprise risk management policies and procedures; changes in judgments or assumptions concerning insurance underwriting and insurance liabilities; concentrations of our insurance, reinsurance and other risk exposures; availability of adequate reinsurance or access to reinsurance on acceptable terms; changes to tax laws in the countries in which we operate; the effectiveness of strategies to retain and recruit key personnel and to implement effective succession plans; the effects of sanctions and the failure to comply with those sanctions; difficulty in marketing and distributing products through current and future distribution channels; actions by rating agencies with respect to our credit and financial strength ratings as well as those of its businesses and subsidiaries; changes in judgments concerning the recognition of deferred tax assets and the impairment of goodwill; our ability to address evolving global stakeholder expectations and regulatory requirements including with respect to environmental, social and governance matters and to effectively execute on sustainability targets and standards; our ability to effectively implement restructuring initiatives and potential cost-savings opportunities; changes to sources of or access to liquidity; changes in accounting principles and financial reporting requirements or their applicability to us; the outcome of significant legal, regulatory or governmental proceedings; and such other factors discussed in: Part I, Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations (MD&A) in our Quarterly Report on Form 10-Q for the quarter ended June 30, 2026 (which will be filed with the Securities and Exchange Commission (SEC); Part I, Item 1A. Risk Factors and Part II, Item 7. MD&A in our Annual Report on Form 10-K for the year ended December 31, 2025; and our other filings with the SEC. Forward-looking statements speak only as of the date of this press release, or in the case of any document incorporated by reference, the date of that document. AIG is not under any obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law. Additional information as to factors that may cause actual results to differ materially from those expressed or implied in any forward-looking statements is disclosed from time to time in our filings with the SEC.

# # #

COMMENT ON REGULATION G AND NON-GAAP FINANCIAL MEASURES

Throughout this press release, including the financial highlights, AIG presents its financial condition and results of operations in the way it believes will be most meaningful and representative of its business results. Some of the measurements AIG uses are “Non-GAAP financial measures” under SEC rules and regulations. GAAP is the acronym for generally accepted accounting principles in the United States. The non-GAAP financial measures AIG presents are listed below and may not be comparable to similarly-named measures reported by other companies. The reconciliations of such measures to the most comparable GAAP measures in accordance with Regulation G are included within the relevant tables attached to this press release or in the Second Quarter 2026 Financial Supplement available in the Investors section of AIG’s website, www.aig.com.

Unless otherwise mentioned or unless the context indicates otherwise, we use the terms “AIG,” “we,” “us” and “our” to refer to American International Group, Inc., a Delaware corporation, and its consolidated subsidiaries.

AIG uses the following operating performance measures because AIG believes they enhance the understanding of the underlying profitability of operations and trends of AIG’s segments. AIG believes they also allow for more meaningful comparisons with AIG’s insurance competitors. When AIG uses these measures, reconciliations to the most comparable GAAP measure are provided on a consolidated basis.

Adjusted Pre-tax Income (APTI) is derived by excluding the items set forth below from income before income tax:

changes in the fair values of equity securities, AIG's investment in Corebridge and gain/loss on sale of shares; net investment income on Fortitude Re funds withheld assets held by AIG in support of Fortitude Re’s reinsurance obligations to AIG (Fortitude Re funds withheld assets); net realized gains and losses on Fortitude Re funds withheld assets; loss (gain) on extinguishment of debt; all net realized gains and losses except earned income (periodic settlements and changes in settlement accruals) on derivative instruments used for non-qualifying (economic) hedging or for asset replication. Earned income on such economic hedges is reclassified from net realized gains and losses to specific APTI line items based on the economic risk being hedged (e.g. net investment income); income or loss from discontinued operations; net loss reserve discount benefit (charge); net results of businesses in run-off; non-operating pension expenses; net gain or loss on divestitures and other; non-operating litigation reserves and settlements; restructuring and other costs related to initiatives designed to reduce operating expenses, improve efficiency and simplify our organization; the portion of favorable or unfavorable prior year reserve development for which we have ceded the risk under retroactive reinsurance agreements and related changes in amortization of the deferred gain; integration and transaction costs associated with acquiring or divesting businesses; losses from the impairment of goodwill; and non-recurring costs associated with the implementation of non-ordinary course legal or regulatory changes or changes to accounting principles. Adjusted After-tax Income attributable to AIG common shareholders (adjusted after-tax income or AATI) is derived by excluding the tax effected APTI adjustments described above, noncontrolling interest on net realized gains (losses), other non-operating expenses and the following tax items from net income attributable to AIG:

deferred income tax valuation allowance releases and charges; and changes in uncertain tax positions and other tax items related to legacy matters having no relevance to our current businesses or operating performance. See page 14 for the reconciliation of Net income attributable to AIG to Adjusted After-tax Income attributable to AIG common shareholders.

Book value per share, excluding investments related cumulative unrealized gains and losses recorded in Accumulated other comprehensive income (loss) (AOCI) adjusted for the cumulative unrealized gains and losses related to Fortitude Re funds withheld assets (collectively, Investments AOCI) (Adjusted book value per share) is used to show the amount of our net worth on a per share basis after eliminating the fair value of investments that can fluctuate significantly from period to period due to changes in market conditions. In addition, we adjust for the cumulative unrealized gains and losses related to Fortitude Re funds withheld assets since these fair value movements are economically transferred to Fortitude Re. Adjusted book value per share is derived by dividing total AIG common shareholders’ equity, excluding Investments AOCI (AIG adjusted common shareholders' equity) by total common shares outstanding.

Book Value per share, excluding Investments AOCI, Goodwill, Value of business acquired (VOBA), Value of distribution channel acquired (VODA) and Other intangible assets (Adjusted tangible book value per share) is used to provide a useful measure of the realizable shareholder value on a per share basis after eliminating the fair value of investments that can fluctuate significantly from period to period due to changes in market conditions and Fortitude Re funds withheld assets since these fair value movements are economically transferred to Fortitude Re. Adjusted tangible book value per share is derived by dividing AIG adjusted common equity, excluding intangible assets, (AIG adjusted tangible common shareholders’ equity) by total common shares outstanding.

Book value per share, excluding Investments AOCI, deferred tax assets (DTA) and AIG’s ownership interest in Corebridge (Core operating book value per share) is used to show the amount of our net worth on a per share basis after eliminating Investments AOCI, DTA and AIG’s ownership interest in Corebridge. We believe this measure is useful to investors because it eliminates the fair value of investments that can fluctuate significantly from period to period due to changes in market conditions. We also exclude the portion of DTA representing U.S. tax attributes related to net operating loss carryforwards (NOLs), corporate alternative minimum tax credits (CAMTCs) and foreign tax credits (FTCs) that have not yet been utilized. Amounts for interim periods are estimates based on projections of full-year attribute utilization. As NOLs, CAMTCs and FTCs are utilized, the corresponding portion of the DTA utilized is included. We exclude AIG’s ownership interest in Corebridge since it is not a core long-term investment for AIG. Core operating book value per share is derived by dividing total AIG common shareholders’ equity, excluding Investments AOCI, DTA and AIG’s ownership interest in Corebridge (AIG core operating shareholders’ equity) by total common shares outstanding.

Total debt to total adjusted capital ratio is used to show the AIG’s debt leverage adjusted for Investments AOCI and is derived by dividing total debt by total capital excluding Investments AOCI (Total adjusted capital). We believe this measure is useful to investors because it eliminates items that can fluctuate significantly from period to period due to changes in market conditions. In addition, we adjust for the cumulative unrealized gains and losses related to Fortitude Re funds withheld assets since these fair value movements are economically transferred to Fortitude Re.

Return on equity – Adjusted after-tax income excluding Investments AOCI (Adjusted return on equity) is used to show the rate of return on common shareholders’ equity excluding Investments AOCI. We believe this measure is useful to investors because it eliminates the fair value of investments which can fluctuate significantly from period to period due to changes in market conditions. Adjusted return on equity is derived by dividing actual or, for interim periods, annualized adjusted after-tax income attributable to AIG common shareholders by average AIG adjusted common shareholders’ equity.

Return on equity – Adjusted after-tax income excluding Investments AOCI, DTA and AIG’s ownership interest in Corebridge (Core operating return on equity) is used to show the rate of return on common shareholders’ equity excluding Investments AOCI, DTA and AIG’s ownership interest in Corebridge. We believe this measure is useful to investors because it eliminates the fair value of investments that can fluctuate significantly from period to period due to changes in market conditions. We also exclude the portion of DTA representing U.S. tax attributes related to NOLs, CAMTCs and FTCs that have not yet been utilized. Amounts for interim periods are estimates based on projections of full-year attribute utilization. As NOLs, CAMTCs and FTCs are utilized, the corresponding portion of the DTA utilized is included. We exclude AIG’s ownership interest in Corebridge since it is not a core long-term investment for AIG. We believe this metric provides investors with greater insight as to the underlying profitability of our property and casualty business. Core operating return on equity is derived by dividing actual or, for interim periods, annualized adjusted after-tax income attributable to AIG common shareholders by average AIG core operating shareholders’ equity.

Ratios: We, along with most property and casualty insurance companies, use the loss ratio, the expense ratio and the combined ratio as measures of underwriting performance. These ratios are relative measurements that describe, for every $100 of net premiums earned, the amount of losses and loss adjustment expenses (which for General Insurance excludes net loss reserve discount), and the amount of other underwriting expenses that would be incurred. A combined ratio of less than 100 indicates underwriting income and a combined ratio of over 100 indicates an underwriting loss. Our ratios are calculated using the relevant segment information calculated under GAAP, and thus may not be comparable to similar ratios calculated for regulatory reporting purposes. The underwriting environment varies across countries and products, as does the degree of litigation activity, all of which affect such ratios. In addition, investment returns, local taxes, cost of capital, regulation, product type and competition can have an effect on pricing and consequently on profitability as reflected in underwriting income and associated ratios.

Accident year loss and Accident year combined ratios, as adjusted (Accident year loss ratio, ex-CAT and Accident year combined ratio, ex-CAT): both the accident year loss and accident year combined ratios, as adjusted, exclude catastrophe losses (CATs) and related reinstatement premiums, net of reinsurance, and prior year development, net of prior year premiums, net of reinsurance, and the impact of reserve discounting. Natural catastrophe losses are generally weather or seismic events, in each case, having a net impact on AIG in excess of $10 million and man-made catastrophe losses, such as terrorism and civil unrest that exceed the $10 million threshold. We believe that as adjusted ratios are meaningful measures of our underwriting results on an ongoing basis as they exclude catastrophes and the impact of reserve discounting which are outside of management’s control. We also exclude prior year development to provide transparency related to current accident year results.

Underwriting ratios are computed net of reinsurance and as follows:

Loss ratio = Loss and loss adjustment expenses incurred ÷ Net premiums earned (NPE) Acquisition ratio = Total acquisition expenses ÷ NPE General operating expense ratio = General operating expenses ÷ NPE Expense ratio = Acquisition ratio + General operating expense ratio Combined ratio = Loss ratio + Expense ratio CATs and reinstatement premiums ratio = [Loss and loss adjustment expenses incurred – (CATs)] ÷ [NPE +/(-) Reinstatement premiums related to catastrophes] – Loss ratio Accident year loss ratio, as adjusted (AYLR, ex-CAT) = [Loss and loss adjustment expenses incurred – CATs – PYD] ÷ [NPE +/(-) Reinstatement premiums related to catastrophes +/(-) Prior year premiums] Accident year combined ratio, as adjusted (AYCR, ex-CAT) = AYLR ex-CAT + Expense ratio Prior year development, net of prior year premiums ratio = [Loss and loss adjustment expenses incurred – CATs – PYD] ÷ [NPE +/(-) Reinstatement premiums related to catastrophes +/(-) Prior year premiums] – Loss ratio – CATs and reinstatement premiums ratio. Results from discontinued operations are excluded from all of these measures.

# # #

American International Group, Inc. (NYSE: AIG) is a leading global insurance organization. AIG provides insurance solutions that help businesses and individuals in more than 200 countries and jurisdictions protect their assets and manage risks through AIG operations, licenses and authorizations as well as network partners.

AIG is the marketing name for the worldwide operations of American International Group, Inc. All products and services are written or provided by subsidiaries or affiliates of American International Group, Inc. Products or services may not be available in all countries and jurisdictions, and coverage is subject to underwriting requirements and actual policy language. Non-insurance products and services may be provided by independent third parties. Certain property casualty coverages may be provided by a surplus lines insurer. Surplus lines insurers do not generally participate in state guaranty funds, and insureds are therefore not protected by such funds.

American International Group, Inc.
Selected Financial Data and Non-GAAP Reconciliation
($ in millions, except per common share data)

Reconciliations of Adjusted Pre-tax and After-tax Income

Three Months Ended June 30,

2025

2026

Pre-tax

Total Tax
(Benefit)
Charge

After
Tax

Pre-tax

Total Tax
(Benefits)
Charge

After
Tax

Pre-tax income/net income, including noncontrolling interests

$

1,544

$

400

$

1,144

$

1,264

$

316

$

948

Noncontrolling interests

—

—

Pre-tax income/Net income attributable to AIG common shareholders

1,544

400

1,144

1,264

316

948

Adjustments:

Changes in uncertain tax positions and other tax adjustments

(2

)

2

(7

)

7

Deferred income tax valuation allowance (releases) charges

(11

)

11

2

(2

)

Changes in the fair values of equity securities, AIG's investment in Corebridge and gain/loss on sale of shares

(464

)

(97

)

(367

)

(173

)

(37

)

(136

)

Gain on extinguishment of debt

(5

)

(1

)

(4

)

—

—

—

Net investment income on Fortitude Re funds withheld assets

(39

)

(9

)

(30

)

(36

)

(7

)

(29

)

Net realized losses on Fortitude Re funds withheld assets

52

11

41

6

1

5

Net realized gains on Fortitude Re funds withheld embedded derivative

14

3

11

51

11

40

Net realized losses(a)

191

33

158

208

38

170

Net (gain) loss on divestitures and other(b)

(50

)

(10

)

(40

)

6

1

5

Non-operating litigation reserves and settlements

(2

)

(1

)

(1

)

—

—

—

Unfavorable (favorable) prior year development and related amortization changes ceded under retroactive reinsurance agreements

53

11

42

(67

)

(14

)

(53

)

Net loss reserve discount charge

12

3

9

28

6

22

Net results of businesses in run-off(c)

(2

)

—

(2

)

1

—

1

Non-operating pension expenses

5

1

4

(1

)

—

(1

)

Integration and transaction costs associated with acquiring or divesting businesses

1

—

1

41

9

32

Restructuring and other costs

78

16

62

71

15

56

Non-recurring costs related to regulatory or accounting changes

3

—

3

5

1

4

Adjusted pre-tax income/Adjusted after-tax income attributable to AIG common shareholders

$

1,391

$

347

$

1,044

$

1,404

$

335

$

1,069

Reconciliations of Adjusted Pre-tax and After-tax Income

Six Months Ended June 30,

2025

2026

Pre-tax

Total Tax
(Benefits)
Charge

After
Tax

Pre-tax

Total Tax
(Benefits)
Charge

After
Tax

Pre-tax income/Net income, including noncontrolling interests

$

2,504

$

662

$

1,842

$

2,251

$

540

$

1,711

Noncontrolling interests

—

—

Pre-tax income/Net income attributable to AIG common shareholders

2,504

662

1,842

2,251

540

1,711

Adjustments:

Changes in uncertain tax positions and other tax adjustments

4

(4

)

86

(86

)

Deferred income tax valuation allowance charges

(9

)

9

(81

)

81

Changes in the fair values of equity securities, AIG's investment in Corebridge and gain/loss on sale of shares

(681

)

(143

)

(538

)

64

13

51

Gain on extinguishment of debt

(5

)

(1

)

(4

)

—

—

—

Net investment income on Fortitude Re funds withheld assets

(79

)

(17

)

(62

)

(59

)

(12

)

(47

)

Net realized losses on Fortitude Re funds withheld assets

54

11

43

19

4

15

Net realized (gains) losses on Fortitude Re funds withheld embedded derivative

55

12

43

41

9

32

Net realized losses(a)

257

(5

)

262

344

81

263

Net (gain) loss on divestitures and other(b)

(53

)

(11

)

(42

)

133

28

105

Non-operating litigation reserves and settlements

(13

)

(3

)

(10

)

—

—

—

Unfavorable (favorable) prior year development and related amortization changes ceded under retroactive reinsurance agreements

62

13

49

(75

)

(16

)

(59

)

Net loss reserve discount (benefit) charge

29

6

23

(20

)

(4

)

(16

)

Net results of businesses in run-off(c)

(7

)

(1

)

(6

)

6

1

5

Non-operating pension expenses

10

2

8

(2

)

—

(2

)

Integration and transaction costs associated with acquiring or divesting businesses

6

1

5

48

10

38

Restructuring and other costs

154

32

122

147

31

116

Non-recurring costs related to regulatory or accounting changes

7

1

6

10

2

8

Adjusted pre-tax income/Adjusted after-tax income attributable to AIG common shareholders

$

2,300

$

554

$

1,746

$

2,907

$

692

$

2,215

Includes all Net realized gains and losses except earned income (periodic settlements and changes in settlement accruals) on derivative instruments used for non-qualifying (economic) hedging or for asset replication and net realized gains and losses on Fortitude Re funds withheld assets. In the six months ended June 30, 2026, Net loss on divestitures and other primarily relates to a change in estimate for earn-out considerations associated with the dispositions of Validus Reinsurance, Ltd. and global personal travel and assistance business. In the third quarter of 2025, AIG began excluding the net results of run-off businesses previously reported in General Insurance from Adjusted pre-tax income. Reconciliations of General Insurance Net Investment Income and Other and Adjusted Pre-tax Income

Three Months Ended June 30,

Six Months Ended June 30,

2025

2026

2025

2026

Net

Investment

Income

and Other

Pre-tax

Income

(Loss)

Net

Investment

Income

and Other

Pre-tax

Income

(Loss)

Net

Investment

Income

and Other

Pre-tax

Income

(Loss)

Net

Investment

Income

and Other

Pre-tax

Income

(Loss)

Net investment income and other/Pre-tax income (loss)(a)

$

872

$

1,137

$

942

$

(522

)

$

1,628

$

1,986

$

1,726

$

819

Other income (expense) - net

—

—

(1

)

—

—

—

(3

)

—

Changes in the fair values of equity securities, AIG's investment in Corebridge and gain/loss on sale of shares

(4

)

(4

)

(70

)

(70

)

(24

)

(24

)

12

12

Net investment income on Fortitude Re funds withheld assets

—

—

—

—

1

1

—

—

Net realized (gains) losses on Fortitude Re funds withheld assets

—

5

—

(1

)

—

7

—

(1

)

Net realized losses

3

270

—

2,067

2

323

—

2,223

Net (gain) loss on divestitures and other

—

(43

)

—

14

—

(37

)

—

11

Unfavorable (favorable) prior year development and related amortization changes ceded under retroactive reinsurance agreements

—

60

—

(57

)

—

74

—

(52

)

Net loss reserve discount (benefit) charge

—

12

—

28

—

29

—

(20

)

Non-operating pension expenses

—

5

—

1

—

9

—

2

Integration and transaction costs associated with acquiring or divesting businesses

—

—

—

33

—

—

—

65

Restructuring and other costs

—

47

—

48

—

92

—

105

Non-recurring costs related to regulatory or accounting changes

—

3

—

5

—

7

—

10

Net investment income and other, APTI basis/Adjusted pre-tax income (loss)

$

871

$

1,492

$

871

$

1,546

$

1,607

$

2,467

$

1,735

$

3,174

Reconciliations of Other Operations Net Investment Income and Other and Adjusted Pre-tax Income

Three Months Ended June 30,

Six Months Ended June 30,

2025

2026

2025

2026

Net

Investment

Income

and Other

Pre-tax

Income

(Loss)

Net

Investment

Income

and Other

Pre-tax

Income

(Loss)

Net

Investment

Income

and Other

Pre-tax

Income

(Loss)

Net

Investment

Income

and Other

Pre-tax

Income

(Loss)

Net investment income and other/Pre-tax income (loss)(a)

$

600

$

407

$

186

$

1,786

$

960

$

518

$

115

$

1,432

Consolidation and Eliminations

4

—

(1

)

—

3

—

—

—

Other income (expense) - net

(2

)

—

2

—

(11

)

—

3

—

Changes in the fair values of equity securities, AIG's investment in Corebridge and gain/loss on sale of shares

(460

)

(460

)

(103

)

(103

)

(657

)

(657

)

52

52

Gain on extinguishment of debt

—

(5

)

—

—

—

(5

)

—

—

Net investment income on Fortitude Re funds withheld assets

(39

)

(39

)

(36

)

(36

)

(80

)

(80

)

(59

)

(59

)

Net realized (gains) losses on Fortitude Re funds withheld assets

—

47

—

7

—

47

—

20

Net realized losses on Fortitude Re funds withheld embedded derivative

—

14

—

51

—

55

—

41

Net realized gains

(3

)

(79

)

—

(1,859

)

—

(66

)

—

(1,879

)

Net (gain) loss on divestitures and other

—

(7

)

—

(8

)

—

(16

)

—

122

Non-operating litigation reserves and settlements

—

(2

)

—

—

—

(13

)

—

—

Unfavorable (favorable) prior year development and related amortization changes ceded under retroactive reinsurance agreements

—

(7

)

—

(10

)

—

(12

)

—

(23

)

Net results of businesses in run-off

(8

)

(2

)

(9

)

1

(13

)

(7

)

(18

)

6

Non-operating pension expenses

—

—

—

(2

)

—

1

—

(4

)

Integration and transaction costs associated with acquiring or divesting businesses

—

1

—

8

—

6

—

(17

)

Restructuring and other costs

—

31

—

23

—

62

—

42

Net investment income and other, APTI basis/Adjusted pre-tax income (loss)

$

92

$

(101

)

$

39

$

(142

)

$

202

$

(167

)

$

93

$

(267

)

In the first quarter of 2026, AIG realigned and began reporting Amortization of intangible assets in General Insurance from Other Operations; historical results have been recast to reflect these changes. Summary of Key Financial Metrics

Three Months Ended June 30,

Six Months Ended June 30,

Earnings per common share:

2025

2026

% Inc. (Dec.)

2025

2026

% Inc. (Dec.)

Basic

$

2.00

$

1.79

(10.5

)

%

$

3.16

$

3.21

1.6

%

Diluted

$

1.98

$

1.78

(10.1

)

%

$

3.13

$

3.18

1.6

%

Adjusted after-tax income attributable to AIG common shareholders per diluted share

$

1.81

$

2.00

10.5

%

$

2.97

$

4.12

38.7

%

Weighted average shares outstanding:

Basic

572.8

529.5

583.3

533.8

Diluted

577.9

533.5

588.5

537.8

Reconciliation of Net Investment Income

Three Months Ended

June 30,

2025

2026

Net Investment Income per Consolidated Statements of Operations

$

1,466

$

1,127

Changes in the fair values of equity securities, AIG's investment in Corebridge and gain/loss on sale of shares

(464

)

(173

)

Net investment income on Fortitude Re funds withheld assets

(39

)

(36

)

Net realized gains (losses) related to economic hedges and other

—

(1

)

Net investment income of businesses in run-off

(8

)

(9

)

Total Net Investment Income - APTI Basis

$

955

$

908

Reconciliation of Total Debt to Total Capital

Three Months Ended

June 30, 2026

Total financial and hybrid debt

$

8,963

Total capital

$

49,589

Less non-redeemable noncontrolling interests

20

Less Investments AOCI

(1,362

)

Total adjusted capital

$

50,931

Hybrid - debt securities / Total capital

1.0

%

Financial debt / Total capital

17.1

Total debt / Total capital

18.1

Adjusted capital impact

(0.5

)

Total debt / Total adjusted capital

17.6

%

Reconciliation of Book Value per Share

As of period end:

June 30,
2025

March 31,
2026

June 30,
2026

Total AIG common shareholders' equity (a)

$

41,501

$

40,405

$

40,606

Less: Investments AOCI

(1,957

)

(1,993

)

(1,884

)

Add: Cumulative unrealized gains and losses related to Fortitude Re Funds withheld assets

(567

)

(537

)

(522

)

Subtotal Investments AOCI

(1,390

)

(1,456

)

(1,362

)

Total adjusted common shareholders' equity (b)

$

42,891

$

41,861

$

41,968

Total adjusted common shareholders' equity (b)

$

42,891

$

41,861

$

41,968

Total intangible assets

3,814

4,103

4,095

AIG adjusted tangible common shareholders' equity (d)

$

39,077

$

37,758

$

37,873

Total AIG common shareholders' equity (a)

$

41,501

$

40,405

$

40,606

Less: AIG's ownership interest in Corebridge

4,043

607

—

Less: Investments related AOCI - AIG

(1,957

)

(1,993

)

(1,884

)

Add: Cumulative unrealized gains and losses related to Fortitude Re funds withheld assets - AIG

(567

)

(537

)

(522

)

Subtotal Investments AOCI - AIG

(1,390

)

(1,456

)

(1,362

)

Less: Deferred tax assets

3,183

3,132

2,912

AIG core operating shareholders' equity (e)

$

35,665

$

38,122

$

39,056

Total common shares outstanding (f)

559.8

532.9

524.7

As of period end:

June 30, 2025

% Inc. (Dec.)

March 31, 2026

% Inc. (Dec.)

June 30, 2026

Book value per share (a÷f)

$

74.14

4.4 %

$

75.82

2.1 %

$

77.39

Adjusted book value per share (b÷f)

76.62

4.4

78.55

1.8

79.98

Adjusted tangible book value per share (d÷f)

69.81

3.4

70.85

1.9

72.18

Core operating book value per share (e÷f)

63.71

16.8

71.54

4.0

74.43

Reconciliation of Return On Equity

Three Months Ended

June 30,

2025

2026

Actual or annualized net income (loss) attributable to AIG common shareholders (a)

$

4,576

$

3,792

Actual or annualized adjusted after-tax income attributable to AIG common shareholders (b)

$

4,176

$

4,276

Average AIG adjusted common shareholders' equity

Average AIG Common Shareholders' equity (c)

$

41,466

$

40,506

Less: Average investments AOCI

(1,585

)

(1,409

)

Average adjusted common shareholders' equity (d)

$

43,051

$

41,915

Average AIG core operating shareholders' equity

Average AIG common shareholders' equity

$

41,466

$

40,506

Less: Average AIG's ownership interest in Corebridge

4,031

304

Less: Average investments AOCI - AIG

(1,585

)

(1,409

)

Less: Average deferred tax assets

3,277

3,022

Average AIG core operating shareholders' equity (f)

$

35,743

$

38,589

ROE (a÷c)

11.0

%

9.4

%

Adjusted return on equity (b÷d)

9.7

%

10.2

%

Core operating ROE (b÷f)

11.7

%

11.1

%

Reconciliation of Net Premiums Written - Change on Constant Dollar Basis

Three Months Ended June 30, 2026

General

Insurance

Increase (decrease) as reported in U.S. dollars

9

%

Property lines

2

Increase (decrease) on constant dollar basis, excluding Property lines

11

%

Reconciliations of Accident Year Loss and Accident Year Combined Ratios, as Adjusted

Three Months Ended June 30,

2025

2026

North America Commercial

Combined ratio

85.9

84.0

Catastrophe losses and reinstatement premiums

(4.7

)

(4.1

)

Prior year development, net of prior year premiums

5.0

6.8

Accident year combined ratio, as adjusted

86.2

86.7

International Commercial

Combined ratio

85.9

91.3

Catastrophe losses and reinstatement premiums

(1.4

)

(3.9

)

Prior year development, net of prior year premiums

0.5

(0.1

)

Accident year combined ratio, as adjusted

85.0

87.3

Global Personal

Combined ratio

98.5

92.9

Catastrophe losses and reinstatement premiums

(2.4

)

(1.7

)

Prior year development, net of prior year premiums

—

—

Accident year combined ratio, as adjusted

96.1

91.2

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