Market Signal Briefing

Vancouver, British Columbia--(Newsfile Corp. - February 17, 2026) - Antimony Resources Corp. (CSE: ATMY) (OTCQB: ATMYF) (FSE: K8J0) (the "Company" or "Antimony Resources" or "ATMY") is pleased to announce that it has expanded and outlined further massive antimony stibnite mineralization at the Marcus (West) Zone and have exposed further mineralization in bedrock through continued trenching.

Marcus (West) Zone Mineralization standing by the "Discovery Boulder"

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Figure 1: Location of Newly Discovered Marcus (West) Mineralization. Note Proximity to Proposed 2026 Drilling shown by Green Drillholes. Shallow Drilling can be accomplished simply by rotation of the drill direction.

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Further trenching in the Marcus (West) zone has expanded the area of mineralization. The trenching and sampling carried out by our field crews and contractor has proven to be very effective in discovering new mineralized zones like the Marcus (West) Zone. Once mineralization is identified it is a simple matter to further trace it along strike.

It can be seen from Figure 1 that the newly discovered Marcus (West) Zone mineralization can easily be tested by shallow drilling from locations such as BHW-26-03 simply by changing the drilling direction and turning the drill 180 degrees.

Photo of Excavator Bucket Which is Bringing up Mineralization from a Trench for Examination by our Field Crew. Note the collection of mineralized material near Marcus' boots in the lower central part of the photo.

To view an enhanced version of this graphic, please visit:
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The new discoveries made by our Field Crew on the property are part of our 2026 exploration program which will be carried out in conjunction with the 10,000-meter definition drilling on the Main Zone. The exploration program will include soil sampling as well as prospecting and sampling. AN airborne survey is being investigated.

Drilling is scheduled to begin immediately on the Marcus (West) zone. It is proposed to complete up to six shallow drill holes to test the Zone at a depth of between 30 and 50 meters.

Unexplored areas to be further evaluated also include the Central Zone where 2010 trenching returned 2.90% Sb over 8.18m, which included 5.79% Sb over 1.75m and 8.47% over 1.53m and the South Zone where trenching by ATMY has exposed stibnite mineralization over approximately 150 meters.

Mr. Jim Atkinson, CEO of Antimony Resources Corp. commented; I had the privilege of visiting the Bald Hill Site and observing the work on the Marcus (West) Zone. The excavator and geologists work extremely well together to form a very efficient team. It is very exciting to see the mineralized samples being brought to surface by the excavator for examination by the geologists. It is obvious that this is a highly mineralized area and the "bladed" stibnite is very attractive.
Work is also progressing very well on Definition Drilling at the Main Zone. A second drill will be added to this program this week.

Figure 2: Bald Hill Antimony Areas of Mineralization. The surface trace of the mineralization of the Main Zone is shown in red. The mineralization in the Central and South Zones and the newly discovered Marcus Zone to the west of the main Zone are highlighted

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Bald Hill Antimony Project

Highlights

Bald Hill is a well-known, high-grade antimony deposit in southern New Brunswick, Canada.Drilling has outlined an antimony deposit over 700 m. long and to a depth of at least 350 metersWidths of mineralization average 3 to 4 meters and grades average 3% to 4% antimony.NI-43-101 Technical Report: The estimated potential quantity and grade of the drilled area from the 2025 Technical Report, which is the target of our exploration, is approximately 2.7 million tonnes with a grade between 3% and 4% antimony1 . For more details on the Potential of the project as described by the author of the Technical Report please consult the NI43-101 which has been filed on SEDAR. Antimony Resources Corp. has not completed enough work to confirm this estimate. The potential quantity and grade are conceptual in nature as there has been insufficient exploration to define a mineral resource, and it is uncertain if further exploration will result in the target being delineated as a mineral resource.Potential to expand based on recently discovered targets and additional claims added to the property(1) NATIONAL INSTRUMENT 43-101 TECHNICAL REPORT: BALD HILL ANTIMONY PROJECT SOUTHERN NEW BRUNSWICK, CANADA NTS 21G/09 Prepared for Antimony Resources October 28, 2025. Prepared By John Langton, M.Sc., P. GEO., - JPL GeoServices, Fredericton, New Brunswick, Canada.

The technical contents of this news release were reviewed and approved by Jim Atkinson, MSc., P.Geo., President and CEO of Antimony Resources Corp. who is a qualified person as defined by National Instrument 43-101.

About Antimony Resources Corp. (CSE: ATMY) (OTCQB: ATMYF) (FSE: K8J0)

Antimony Resources Corp. is an exploration and development company focused exclusively on Antimony. The Company's management team possesses extensive experience in financing, exploration, development and mining. The Company is focused on becoming a significant North American producer of antimony.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/284110

Source: Antimony Resources Corp.

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Zurich, 17 February 2026

PRESS RELEASE

GAM Holding Announces Gerhard Lohmann as Group CFO to Support Next Phase of Strategic Growth

GAM Holding AG (GAM:SWX) today announced a transition in its senior leadership team as the  firm moves confidently into the next phase of its strategic development. Gerhard Lohmann joins GAM Holding today, 17 February 2026, and will assume the role of Group Chief Financial Officer (“Group CFO”) on 26 March 2026. Gerhard will also become a member of the Group Management Board based in Zurich. Gerhard succeeds Richard McNamara, who has decided to step down as GAM’s Group CFO to take on a new role within the asset management industry. Richard will depart the firm at the end of April 2026 enabling a smooth and seamless transition. 

Gerhard brings a distinguished record across banking, insurance, reinsurance and asset management. As a Swiss‑based finance leader with international reach, he has held senior executive roles at both Credit Suisse and Swiss Re. At Credit Suisse, he served as Chief Operating Officer for EMEA and Chief Financial Officer for International Wealth Management, following earlier leadership positions across the firm’s Asset Management and Corporate & Retail Banking divisions. At Swiss Re, he was Chief Financial Officer of the Reinsurance Business Unit and a member of its Executive Committee, leading global finance teams and shaping the group’s financial architecture. Across these roles he has overseen large international teams and supported organisations operating in highly regulated environments. His expertise spans financial strategy, liquidity and capital management, risk oversight, regulatory engagement, M&A integration and the modernisation of finance platforms. Known for his transparent, collaborative and empowering leadership style, he has built a strong reputation for guiding organisations through dynamic environments and fostering high‑performing teams.

Gerhard has also contributed to social impact initiatives, including board roles in education and entrepreneurship programmes in East Africa.

Richard joined GAM in 2015 as Group CFO and has played a pivotal role in guiding the firm through a period of significant change. His deep technical expertise, disciplined execution and leadership have been central to delivering this transition and positioning GAM for future success. That transition is now complete, with the organisation firmly aligned behind its long-term growth priorities.

Albert Saporta, CEO of GAM Holding AG, said: “Richard has provided exemplary leadership during a transformative period for GAM, and his contribution has been fundamental in establishing the solid platform on which we now build.  We thank Richard for his service and wish him every success in the next chapter of his career. As the firm moves confidently into its next phase of strategic growth, I am delighted to announce Gerhard as our new Group CFO. His deep international experience, proven financial leadership and strong reputation for strategic execution make him exceptionally well suited to advance GAM’s strategy. I look forward to welcoming him as a member of the Group Management Board and working closely together as we continue to strengthen GAM for long-term success.”

Gerhard Lohmann, Incoming Group CFO, said: “I am truly excited to be joining GAM at such a pivotal moment in its journey. As a Swiss‑headquartered firm with a long tradition of investment excellence, GAM has a clear purpose, strong capabilities and a reinvigorated strategic direction that positions it exceptionally well for long‑term success. I look forward to engaging with all stakeholders and working closely with Albert and the Group Management Board. Together, we will continue to strengthen GAM’s financial foundations and support the next phase of growth and performance.”

Richard McNamara, Outgoing Group CFO, said: “It has been a privilege to serve as GAM’s CFO over the past 10 years. This is a great firm with exceptional people, and I am proud to have been part of it. What we have achieved together reflects the strength, resilience and quality that defines GAM at its best. GAM is now positioned for the next stage of its development, and I will watch GAM’s progress with enormous respect and pride.”

For further information please contact:

Colin Bennett | GAM Media Relations
T +44 (0) 20 73 938 544
[email protected] us: www.gam.com
Follow us: X and LinkedIn About GAM
GAM is an independent investment manager that is listed in Switzerland. It is an active, independent global asset manager that delivers distinctive and differentiated investment solutions for its clients across its Investment and Wealth Management Businesses. Its purpose is to protect and enhance its clients' financial future. It attracts and empowers the brightest minds to provide investment leadership, innovation and a positive impact on society and the environment.

Total assets under management were CHF 12.7 billion as of 30 June 2025. GAM has global distribution with offices in 15 countries and is geographically diverse with clients in almost every continent. Headquartered in Zurich, GAM Investments was founded in 1983 and its registered office is at Hardstrasse 201 Zurich, 8005 Switzerland. For more information about GAM Investments, please visit www.gam.com

Other Important Information
This release contains or may contain statements that constitute forward-looking statements. Words such as “anticipate”, “believe”, “expect”, "estimate", "aim", “project”, “forecast”, "risk", “likely”, “intend”, “outlook”, “should”, “could”, "would", “may”, “might”, "will", "continue", "plan", "probability", "indicative", "seek", “target”, “plan” and other similar expressions are intended to or may identify forward-looking statements.

Any such statements in this release speak only as of the date hereof and are based on assumptions and contingencies subject to change without notice, as are statements about market and industry trends, projections, guidance, and estimates. Any forward-looking statements in this release are not indications, guarantees, assurances or predictions of future performance and involve known and unknown risks, uncertainties and other factors, many of which are beyond the control of the person making such statements, its affiliates and its and their directors, officers, employees, agents and advisors and may involve significant elements of subjective judgement and assumptions as to future events which may or may not be correct and may cause actual results to differ materially from those expressed or implied in any such statements. You are strongly cautioned not to place undue reliance on forward-looking statements and no person accepts or assumes any liability in connection therewith.

GAM Holding Announces Gerhard Lohmann as Group CFO to Support Next Phase of Strategic Growth_EN GAM Holding ernennt Gerhard Lohmann zum Group CFO für die nächste strategische Wachstumsphase_DE Gerhard Lohmann_Group CFO GAM

Gerhard Lohmann_Group CFO GAM Gerhard Lohmann_Group CFO GAM

Agreement will see Cognizant transform the logistics company's core applications and infrastructure

, /PRNewswire/ -- Cognizant (NASDAQ:CTSH) today announced an expansion of its partnership with Wallenius Wilhelmsen, the leading global provider of Roll-on/Roll-off (RoRo) and finished vehicle logistics. Under the new agreement, Cognizant will support Wallenius Wilhelmsen with technology services covering core applications and infrastructure, contributing to the company's ongoing development as an integrated supply chain partner.

"This expanded role with Wallenius Wilhelmsen is a testament to the power of a genuine, long-term partnership," said Saket Gulati, SVP and Head of Northern Europe at Cognizant. "We are proud to transition from offering services to becoming a strategic partner that supports their ambition. By applying Cognizant's expertise in modernizing legacy portfolios and introducing practical AI-driven efficiencies, we are committed to supporting Wallenius Wilhelmsen's work to simplify its digital operations and build a stronger digital foundation."

The partnership highlights Cognizant's position as a technology leader capable of supporting complex global organizations while concurrently driving forward-looking digital initiatives.

"Strengthening our position as an integrated supply chain partner requires collaborators who understand our business and help us operate with greater precision and impact," said Richard Åstrand, SVP Digital Strategy Lead at Wallenius Wilhelmsen. "Cognizant's expertise in our solutions and their focus on efficiency and practical technology adoption will support the next phase of our digital journey."

About Cognizant
Cognizant (Nasdaq: CTSH) engineers modern businesses. We help clients modernize technology, reimagine processes, and transform experiences to stay ahead in a fast-changing world. Learn more at www.cognizant.com.

About Wallenius Wilhelmsen
The Wallenius Wilhelmsen group is a market leader in roll-on/roll-off (RoRo) shipping and vehicle logistics, managing the distribution of cars, trucks, rolling equipment, and breakbulk to customers all over the world. The company operates around 125 vessels servicing 15 trade routes to six continents, a global inland distribution network, 70 processing centers, and eight marine terminals. With its head office in Oslo, Norway, the Wallenius Wilhelmsen group has about 12,000 employees in 28 countries worldwide. Read more at www.walleniuswilhelmsen.com

For more information, contact:

U.S.
Name: Gabrielle Gugliocciello
Email: [email protected]

Europe / APAC
Name: Sarah Douglas
Email: [email protected]

India
Name: Vipin Nair
Email: [email protected]

SOURCE Cognizant Technology Solutions

Also from this source

Vancouver, British Columbia--(Newsfile Corp. - February 17, 2026) - Inspiration Energy Corp. (CSE: ISP) (OTCID: ISPNF) (WKN: A40GPX) ("Inspiration" or the "Company") is pleased to announce that it is planning to change its name to Inspiration Mining Corp. This new name change will more align our name with the copper/gold focus of the Company. Management feels by changing the name there will be a clear understanding of shareholders and prospective shareholders in understanding the focus of the Company.

"Changing the name of the Company will better align the name with the focus Inspiration has on its 100-per-cent ownership in over 85,000 acres in the Rottenstone gold/copper camp," stated Charles Desjardins, chief executive officer of Inspiration. "We are strategically positioned along trend with recent discoveries and have cutting-edge satellite data identifying multiple gold-copper targets that we plan to drill shortly."

Figure 1: Location of Inspiration's Rottenstone North and West properties relative to the property of Ramp Metals, along with the interpreted massive sulphide and gold trends in the district.

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The Rottenstone North project (4,512 hectares), along with the acquisition of the Rottenstone West project (31,011 hectares), this past August (see company news release Aug. 22, 2025), brings the total coverage of this exciting new VMS-gold district and trend to over 35,500 hectares (86,487 acres).

The Rottenstone North and West gold and base metal projects are located immediately west and southwest of Ramp Metals Inc.'s discoveries on its copper-gold sulphide targets at Rush (see Ramp Metals' news release dated April 29, 2015) and Ranger (see Ramp Metals' news release June 17, 2015).

With just over 40 million shares outstanding, Inspiration offers shareholders strong upside leverage to exploration success. Its tight capital structure, combined with large-scale landholdings, advanced geophysics and near-term drill readiness, positions the company to participate meaningfully in one of Canada's most promising new discovery corridors.

Inspiration's Rottenstone projects are located along the same northeast-southwest-trending geological structures that host multiple high-grade showings in the region, including 73.55 grams per tonne Au over 7.5 metres at the Ranger showing and 1.61 per cent Cu at the Rush VMS discovery (see Ramp Metals' news release June 17, 2024).

Notably, historical work on the Rottenstone West project identified multiple massive sulphide occurrences as early as the 1950s. These areas remain untested by modern exploration methods, presenting compelling targets for new discoveries within a top-tier mining jurisdiction, as ranked by the Fraser Institute.

Recently, at the 100-per-cent-owned Rottenstone North gold/copper project, the Company completed an advanced atomic mineral resonance tomography (AMRT) satellite survey. The AMRT survey identified numerous high-priority gold and copper targets along the eastern property boundary of Rottenstone North -- parallel and on trend with Ramp's Rush copper-gold-silver discovery, located just a few kilometres away. Inspiration's planned drilling program, scheduled for early 2026, will test several of these targets.

Management cautions that past results or discoveries on properties in proximity to Inspiration may not necessarily be indicative of the presence of mineralization on the company's properties.

National Instrument 43-101 disclosure

Dr. Scott Jobin-Bevans, PGeo (APEGS No. 82498; PGO No. 0183), an independent adviser to the Company, is a qualified person as defined by National Instrument 43-101 -- Standards of Disclosure for Mineral Projects. Dr. Jobin-Bevans has reviewed and approved the technical content in this news release.

About Inspiration Energy Corp.

Inspiration Energy is a Canadian mineral exploration company focused on acquiring and developing highly prospective gold and base metal properties. The Company's flagship assets, Rottenstone North and Rottenstone West, position it as one of the largest landholders in one of Canada's newest and most exciting gold-copper VMS (volcanogenic massive sulphide) discovery corridors. For more information, please refer to the Company's information available on SEDAR+ (www.sedarplus.ca).

On Behalf of the Board of Directors
Charles Desjardins
CEO, President and Director
Phone: 604-808-3156
Email: [email protected]

Neither the Canadian Stock Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or accuracy of this news release.

FORWARD LOOKING STATEMENTS: This news release contains forward-looking statements, which relate to future events or future performance and reflect management's current expectations and assumptions. Such forward-looking statements reflect management's current beliefs and are based on assumptions made by and information currently available to the Company. Investors are cautioned that these forward-looking statements are neither promises nor guarantees and are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward-looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances. All of the forward-looking statements made in this press release are qualified by these cautionary statements and by those made in our filings with SEDAR+ in Canada (available at www.sedarplus.ca).

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/284043

Source: Inspiration Energy Corp.

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Tertiary Minerals PLC (AIM:TYM, OTC:TTIRF, FRA:TMU), in its full year results statement, highlighted momentum in Zambia, where it works alongside First Quantum Minerals and KoBold Metals. The company said its data-sharing and technical cooperation agreement with First Quantum “has led directly” to a new copper-silver discovery at Mushima North, now described as its lead project.

"The importance of this project first became clear in February 2025 when the first silver assays from the 2024 Phase 1 drilling programme at Target A1 revealed silver to be present in high concentrations in association with our previously reported wide intervals of low-grade copper mineralisation," the company said in the statement.

"As more assays became available it was clear we had an exciting grassroots discovery on our hands."

It added: "The current surface footprint of the mineralisation extends for approximately 450m by 400m, but it remains open to the north/northwest and south/southeast and the potential for primary sulphide mineralisation, underneath the near-surface oxide mineralisation is, as yet, largely untested. It is our ambition to resume drilling as soon as access allows."

Tertiary now plans to resume drilling at Mushima North in Q2 2026 once access improves after the wet season, while also aiming to report a JORC-compliant Exploration Target for Target A1 in late Q1 2026. Post year-end, it raised funds via two placings and a £450,000 convertible loan, which it said provides flexibility if converted within the next 12 months.

The AIM-listed explorer noted that it had increased spend across its project portfolio during the year. For the year to 30 September 2025, the small-cap company reported revenue of £200,569, up from £162,658 a year earlier, and posted a loss of £583,916. Net cash outflow from operations was £566,213, while exploration and development expenditures totalled £499,486 in the period.

Chicago, Illinois--(Newsfile Corp. - February 17, 2026) - SYNTHOLENE ENERGY CORP (TSXV: ESAF) (FSE: 3DD0) (OTCQB: SYNTF) ("Syntholene"), announces the appointment of Eirikur Bragason as Lead Project Manager for Syntholene's planned synthetic fuel demonstration facility and future commercial scale-up at its cornerstone production footprint in Iceland. Mr. Bragason will support Syntholene's infrastructure development strategy, project governance, technical risk management, and expansion efforts.

Mr. Bragason brings more than 25 years of experience in geothermal energy development, large-scale power infrastructure, and complex project execution across Europe, Asia, and the Americas, strengthening the Company's depth in geothermal energy, power plant construction, and large-scale energy infrastructure delivery.

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Mr. Bragason has acted as Chief Project Manager or Senior Technical Lead on some of the world's most significant geothermal and renewable energy projects. These include the Hellisheidi Geothermal Power Plant in Iceland, a combined 300 megawatt electric and 400 megawatt thermal facility recognized as the largest geothermal power plant on Earth. He also served as the Deputy General Manager of Sinopec Green Energy, overseeing a total of 4.2 gigawatts of thermal energy in operation encompassing a total investment of approximately $6 billion. Mr. Bragarson has further overseen major geothermal project development across Indonesia, the Philippines, Hungary, China, and Central Europe.

"Syntholene is pursuing a technically rigorous and commercially disciplined approach to synthetic fuel production, differentiated by its unique integration of geothermal energy," commented Mr. Bragason. "I look forward to supporting the company as it transitions from demonstration facility to commercial scale, showcasing its potential to materially improve the economics of clean fuels."

"Eirikur is one of the most experienced geothermal project leaders in the world," said Dan Sutton, CEO of Syntholene. "His direct experience delivering utility-scale geothermal infrastructure, managing multinational development teams, and executing complex energy projects is aligned with Syntholene's commercial scale-up strategy. As we advance our thermal hybrid power-to-liquids platform and deploy geothermal-anchored synthetic fuel production, his insight and operational discipline will be invaluable."

Mr. Bragason is a globally recognized expert in geothermal power plant project management. Most recently, he served as Chief Operating Officer of Arctic Green Energy, where he oversaw international geothermal platform development and operational execution. Prior to that, he was Chief Executive Officer and Chief Project Manager of KS Orka Renewables and Orka Energy in Singapore, leading the development and delivery of geothermal assets across multiple jurisdictions.

About Geothermal Energy in Iceland

Iceland's unique geological position atop the Mid-Atlantic Ridge provides exceptional access to high-temperature geothermal energy, which today serves as a cornerstone of its 100% renewable electricity grid, as well as providing over 90% of the nation's district heating. This baseload power is characterized by its high capacity factors, often exceeding 90%, providing a level of grid stability that distinguishes it from intermittent renewables like wind and solar.

According to data from the Low-Carbon Power 2025 Report, Iceland's geothermal infrastructure currently boasts an installed capacity of approximately 799 megawatts electrical equivalent (e), contributing nearly 28% of the country's total electricity generation. The existing infrastructure, managed by leaders such as Landsvirkjun and ON Power, includes world-class facilities like the Hellisheidi and Reykjanes plants, which are increasingly integrating carbon capture and storage (CCS) technologies to move toward carbon-negative operations.

The National Energy Authority of Iceland (Orkustofnun) identifies a massive "understood potential" for future development through the Master Plan for Nature Protection and Energy Utilization. Current estimates suggest that Iceland's total geothermal energy potential for electricity generation is approximately 20 terawatt hours per year of high-enthalpy energy available for industrial scaling.

This stable political and geological environment has positioned Iceland as a hub for long-term industrial expandability, particularly for high-energy users in the eFuel and Digital Infrastructure sectors. Reports from atNorth and Country Reports note that the "predictable, low-cost nature of Icelandic geothermal power" is attracting a new wave of industrial tenants, including eFuel producers and AI-ready data centers, who require scalable, 24/7 renewable energy to meet global ESG mandates.

Iceland continues to leverage its "geothermal-first" policy to foster strategic collaborations between energy producers and prospective industrial customers. This synergy bolsters confidence that industrial users can secure long-term power purchase agreements (PPAs) that are insulated from the volatility of global fossil fuel markets, solidifying Iceland's role as an energy powerhouse of the North Atlantic.

About Syntholene

Syntholene is actively commercializing its novel Hybrid Thermal Production System for low-cost clean fuel synthesis. The target output is ultrapure synthetic jet fuel, manufactured at 70% lower cost than the nearest competing technology today. The company's mission is to deliver the world's first truly high-performance, low-cost, and carbon-neutral synthetic fuel at an industrial scale, unlocking the potential to produce clean synthetic fuel at lower cost than fossil fuels, for the first time.

Syntholene's power-to-liquid strategy harnesses thermal energy to power proprietary integrations of hydrogen production and fuel synthesis. Syntholene has secured 20MW of dedicated energy to support the Company's upcoming demonstration facility and commercial scale-up.

Founded by experienced operators across advanced energy infrastructure, nuclear technology, low-emissions steel refining, process engineering, and capital markets, Syntholene aims to be the first team to deliver a scalable modular production platform for cost-competitive synthetic fuel, thus accelerating the commercialization of carbon-neutral eFuels across global markets.

For further information, please contact:
Dan Sutton, CEO
[email protected] 
www.syntholene.com
+1 608-305-4835

X: @Syntholene
Linkedin: Syntholene Energy
Youtube: Syntholene Energy

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

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of applicable securities laws. The use of any of the words "expect", "anticipate", "aims", "continue", "estimate", "objective", "may", "will", "project", "should", "believe", "plans", "intends" and similar expressions are intended to identify forward-looking information or statements. All statements, other than statements of historical fact, including but not limited to statements regarding the completion of the demonstration facility, commencement commercialization efforts, potential to materially improve the economics of clean fuel, the successful implementation of the test facility, commercial scalability, technical and economic viability, anticipated geothermal power availability, anticipated benefit of eFuel, and future commercial opportunities, are forward-looking statements.

The forward-looking statements and information are based on certain key expectations and assumptions made by the Company, including without limitation the assumption that the Company will be able to execute its business plan, that the eFuel will have its expected benefits, that there will be market adoption, and that the Company will be able to access financing as needed to fund its business plan. Although the Company believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward-looking statements and information because the Company can give no assurance that they will prove to be correct. Since forward-looking statements and information address future events and conditions, by their very nature, they involve inherent risks and uncertainties.

Actual results could differ materially from those currently anticipated due to a number of factors and risks, including, without limitation, Syntholene's ability to meet production targets, realize projected economic benefits, overcome technical challenges, secure financing, maintain regulatory compliance, manage geopolitical risks, and successfully negotiate definitive terms. Syntholene does not undertake any obligation to update or revise these forward-looking statements, except as required by applicable securities laws.

Readers are advised to exercise caution and not to place undue reliance on these forward-looking statements.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/284115

Source: Syntholene Energy Corp

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Highlights: Leadership is well positioned for the next phase of company growth and objectives. Alex Holmes named President and Chief Strategy Officer, leveraging extensive capital markets and corporate leadership experience.

Palantir and Nvidia have been rewarding investments since the artificial intelligence trade exploded in late 2022.

Interest in artificial intelligence exploded following the release of ChatGPT in November 2022. Since that time, Palantir Technologies (PLTR +1.71%) shares have added 1,650% and Nvidia (NVDA 2.21%) shares have advanced 980%. Yet, many Wall Street analysts think both stocks are undervalued.

Among 30 analysts, Palantir has a median target price of $199 per share. That implies 51% upside from its current share price of $132. Among 74 analysts, Nvidia has a median target price of $250 per share. That implies 37% upside from its current share price of $183. Between the two, Wall Street's consensus estimates suggest Palantir is the best stock to buy right now. Here's what investors should know.

Image source: Getty Images.

Palantir Technologies: 51% upside implied by the median target price Palantir develops data integration and analytics platforms, as well as adjacent artificial intelligence (AI) software that lets developers build large language models into workflows and applications. The company has distinguished itself through its use of forward deployed engineers, onsite consultants that work directly with clients to build custom applications atop its core platforms.

Palantir has also differentiated itself by building its analytics platforms around a decision-making framework known as an ontology. Machine learning models integrated into the ontology form a feedback loop that delivers deeper, more precise insights over time as more data is collected. Forrester Research recently recognized Palantir as a leader in AI decisioning platforms.

Palantir's business fundamentals are impressive. Revenue growth has accelerated in 10 consecutive quarters, and the company achieved a Rule of 40 score (revenue growth plus non-GAAP operating margin) of 127% in the fourth quarter, which is simply exceptional. Morgan Stanley analyst Sanjit Singh writes, "It is hard to find a better fundamental story in software than Palantir."

Here's the big picture: Palantir has positioned itself as the enterprise standard in AI platforms, a market forecast to grow at 38% annually through 2033, according to Grand View Research. Yet, the stock currently trades at 205 times earnings, a very expensive valuation even for a company whose earnings are projected to increase at 45% annually over the next three years.

Investors should be cautious with Palantir even though the stock is down 37% from its high. Owning a small position is fine, but shares could fall much further if the company fails to meet Wall Street's lofty expectations.

Today's Change

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Current Price

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Nvidia: 37% upside implied by the median target price Graphics processing units (GPUs) are the most common type of AI accelerator, and Nvidia leads the market with 80% to 90% revenue share. One reason the company has become so dominant is superior performance. Its GPUs consistently outpace other accelerators at the MLPerf benchmarks, the industry standard in measuring the performance of AI systems in training and inference workloads.

However, Nvidia is truly formidable due to its full-stack strategy. It pairs superior GPUs with other hardware (CPUs, interconnects, and networking solutions) to build rack-scale computing platforms. Beyond hardware, Nvidia also offers an unmatched ecosystem of code libraries and frameworks that support AI application development across a broad range of use cases, from recommender systems to autonomous machines.

In short, Nvidia not only designs the fastest AI accelerators on the market, but also designs most of the infrastructure required to train, deploy, and manage AI applications across the enterprise. That full-stack strategy lets the company optimize system-level performance and power efficiency in ways that less vertically integrated suppliers cannot. It also extends Nvidia's total addressable market well beyond GPUs.

Here's the big picture: Analysts generally expect Nvidia to maintain its market leaderships in AI infrastructure despite tough competition. That points to robust growth for many years to come. Indeed, Wall Street estimates the company's earnings will increase at 38% annually in the next three years. That makes the current valuation of 45 times earnings look relatively cheap. Patient investors should feel comfortable buying this stock today.

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LOS ANGELES--(BUSINESS WIRE)--The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Commvault Systems, Inc. (“Commvault” or “the Company”) (NASDAQ: CVLT) for violations of the securities laws.

The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Commvault reported its Q3 2026 financial results on January 27, 2026. The Company reported "40% growth in SaaS ARR to $364 million," adding that "60% of our deals actually closed in the last few weeks of the quarter." The market considered this to be a meaningful deceleration in Commvault’s business, with shares falling about 31.1% on the same day.

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

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

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

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

Here are three stocks with buy rank and strong income characteristics for investors to consider today, February 17:

Simmons First National Corporation (SFNC - Free Report) : This holding company for Simmons Bank has witnessed the Zacks Consensus Estimate for its current year earnings increasing 5.2% over the last 60 days.

This Zacks Rank #1 company has a dividend yield of nearly 4%, compared with the industry average of nearly 2%.

West Bancorporation, Inc. (WTBA - Free Report) : This financial holding company has witnessed the Zacks Consensus Estimate for its current year earnings increasing 6.3% over the last 60 days.

This Zacks Rank #1 company has a dividend yield of 3.9%, compared with the industry average of 2.6%.

BCB Bancorp, Inc. (BCBP - Free Report) : This bank holding company for BCB Community Bank has witnessed the Zacks Consensus Estimate for its current year earnings increasing 14.1% over the last 60 days.

This Zacks Rank #1 company has a dividend yield of 3.8%, compared with the industry average of 2.3%.

See the full list of top ranked stocks here.

Find more top income stocks with some of our great premium screens.

, /PRNewswire/ --

Year-end report January-December 2025

Truecaller, the leading global platform for verifying contacts and blocking unwanted communication, report a decrease in net sales with 14% to SEK 450.9 million (522.8), in constant currencies the decrease was 1%.

In constant currencies subscription revenues grew with 53%, Truecaller for Business with 48% while revenue from ads declined with 22%. Truecaller's recurring revenues excluding revenues of one-off character reached an annualised run-rate of approximately SEK 750 million and grew 46% year-over year in constant currencies.

EBITDA excluding incentive costs decreased with 31% and the EBITDA margin was 35.4% (44.3%), in constant currencies the decrease was approximately 20%. EBITDA including costs for incentive programs decreased with 49% to SEK 103 million (201.1) and the margin was 22.8% (38.5%), in constant currencies the decrease was approximately 36%.

During the quarter average number of monthly active users grew with 12.5 million.

The fourth quarter's results include, as previously announced, a number of non-recurring nature. Excluding these, net sales amounted to SEK 415.9 million and EBITDA amounted to SEK 126 million, corresponding to an EBITDA margin of 30.3%.

In accordance with Truecaller's dividend policy, Truecaller's board of directors has decided to propose a dividend of SEK 0.28 per share for the 2025 financial year to the annual general meeting.

CEO Word:

2025 was a year characterized by continued strong user growth and exceptional growth in recurring revenues, but also disappointing advertising revenue during the second half of the year. We continue to add around 1 million users per week on Android and iOS combined, not far from having half a billion users using Truecaller. The strong development in recurring revenues confirms that we are now well into a new revenue growth phase – a phase increasingly driven by recurring revenues, with a gradually smaller relative contribution from advertising.

Truecaller's first major monetization phase was built on programmatic advertising. This played a crucial role in scaling the business, creating strong profitability and financing our journey to become a global platform with close to half a billion users. That phase enabled us to build an unparalleled intelligence around identity and communication, which now forms the foundation for our next phase of growth.

Net sales in Q4 decreased with 1% in constant currencies compared to the fourth quarter 2024. Ad revenues declined while recurring revenues continued on its strong growth path. Excluding items of one-off character, the EBITDA margin in the quarter was 30% and we continue to have a solid cash flow. Truecaller's balance sheet remains strong with SEK 1.0 bn in cash and short-term investments and no financial debt.

We now enter 2026 with a strong and clear focus to capitalize on our solid foundation, to become a company that adds value to every smartphone user globally.

Firstly, communication is unfortunately more unsafe than ever, not the least due to the advancements in AI. This creates a large need beyond the core services we provide today and numerous problems for us to solve for our loyal users. Over the last few years we have continuously expanded our product to become a comprehensive trusted communication platform. In Q4 alone, we launched Truecaller Family Protection, AI augmented voicemail and a digital assistant that captures fraud in real time, all with the aim to build upon our success. We believe we've only scratched the surface with our product and have a very exciting roadmap ahead of us to expand to adjacent areas.

Secondly, many countries beyond India are experiencing lower trust in communication and rely heavily on their smartphones in their daily lives. In markets such as Brazil, Mexico, Colombia and the United Arab Emirates, we already see an annual user growth rate of more than 20%. We're confident that we can become the de facto standard for safe and trusted communications in multiple regions around the world. This needs sharp focus and investment, not only in terms of marketing, but also in terms of product variants suited better for newer regions. Growing stronger in multiple regions on the back of product developments will be a focus area in 2026.

Thirdly, our business model needs to be tilted even further towards robust revenue streams with limited volatility, such as Truecaller for Business and Premium subscriptions. These revenues provide higher visibility, stronger unit economics and significantly better long-term value creation. In the fourth quarter, recurring revenues excluding revenues of one-off character reached an annualised run-rate of approximately SEK 750 million and grew 46% year-over year in constant currencies. Recurring revenues represented around 45% of total revenue and we expect continued growth for this segment, further solidifying its position as a fundamental part of our revenue mix.

Premium revenues grew to SEK 106.0 million (77.7), a growth of 53% in constant currencies. For premium subscriptions, we believe that the propensity to pay for services is growing among consumers globally and therefore the potential for our Premium revenues is much larger than we currently have. Several regions for us have a premium revenue growth rate above 50% and we believe we can grow even quicker in the long term. We clearly have a strong offering, and we will continuously build more services meant for our Premium audience that need sophisticated and powerful communication products. We remain positive about these opportunities for 2026.

Truecaller for Business (TfB) is another key strategic pillar. Our enterprise offering is now scaling globally, enabling companies to grow their business using the Truecaller platform. Truecaller for Business revenues grew to SEK 87.7 million (71.9), a growth of 39% in constant currencies excluding one-off revenues. Growth in 2025 came from all three product areas: verified business calls, business messaging and risk products. We however, expect that growth for TfB in 2026 will be considerably lower than in 2025 due to increased competition for verified business calls and a restructured partner model for business messaging. With the rollout of the CNAP-solution in India we are seeing increased competition from more limited telco solutions like Business CNAP in India. Even though the competing solution is more limited we expect enterprises to try these solutions to benchmark us but I'm certain that our extensive suite of capabilities will remain the preferred solution for most enterprises eventually. In parallel, we continue building our TfB platform that will ensure our long-term success and continue to scale up the business globally. For Business messaging we are in the process of adding and scaling a number of new partners in India and globally. Our previous exclusive partnership with Tanla has been a good starting point for us, but we believe that our solution is now ready for a broader market expansion with more partners. That will however have some negative short-term revenue impact due to us ending the present exclusive arrangement and the fact that it takes a bit of time until we have scaled up volumes with the new partners

Our advertising volumes remain muted compared to historical levels and we do not expect a material improvement in the coming quarters. Ad revenues in the fourth quarter declined to SEK 255.2 million (372.0), a decline of approximately 30% in constant currencies excluding one-offs. The issue with our largest programmatic partner that started in mid-August has not been possible to resolve to the point where we can retain the revenue lost at that time, although we continue to work on the problem. At the same time, we are deliberately reshaping our advertising strategy away from pure programmatic dependence and toward a more premium, value-driven model. We made fundamental changes to our direct ads sales approach, including restructuring leadership and teams, introducing new attractive ad formats, scaling distribution through direct deals and resellers, and improving our measurement capabilities. Additionally, we are rebuilding parts of our ads platform to achieve a more efficient auction process, reducing dependency on any single partner. Truecaller's proprietary AI platform, AdVantage, is a key component that benefits both Direct Sales and programmatic demand. With AdVantage, we are able to provide high performance for the advertisers by dynamically creating user segments using our first party signals. In 2026, we will continue on this track and further develop Truecaller Ads into a dynamic and attractive ads platform.

We're transforming the company to build on the success we've seen since the company's inception. The transformation that will characterize 2026 will eventually generate real value for shareholders, but this also means that in 2026, we will be focusing on investing for longer term gains instead of short-term revenue growth and profitability. We have a strong operating leverage in our business that creates the profits needed to make the investments needed for the long-term.

I'm as excited and energized as I was on my first day at Truecaller in 2015 to take this incredible company to new heights. 2026 will be a transformative year for us, building on our foundation to create more value for our users, our customers, and our shareholders, says Rishit Jhunjhunwala CEO of Truecaller.

October-December 2025 (Q4)

Comparative figures refer to October-December 2024

Net sales decreased by 14 percent to SEK 450.9m (522.8). Net sales in constant currencies decreased by approximately 1 percent. EBITDA excluding the costs of incentive programs decreased by 31 percent to SEK 159.5m (231.4), equivalent to an EBITDA margin of 35.4 (44.3) percent. In constant currencies the EBITDA decrease was approximately 20 percent. EBITDA including the costs of incentive programs decreased by 49% to SEK 103.0m (201.1), corresponding to an EBITDA margin of 22.8 (38.5) percent. In constant currencies the EBITDA decrease was approximately 36 percent. Profit after tax was SEK 60.4m (150.4). Basic earnings per share was SEK 0.18 (0.44) and diluted earnings per share were SEK 0.18 (0.44). The average number of active non-iOS users (MAU) increased by 54.5 million to approximately 454.2 million (399.7). Net sales decreased by 23 percent in India but increased with 6 percent in the Middle East and Africa and by 14 percent in the rest of the world. January-December 2025

Comparative figures refer to January-December 2024

Net sales increased by 3 percent to SEK 1,912.2m (1,863.2). Net sales in constant currencies increased by approximately 12 percent. EBITDA excluding the costs of incentive programs was stable and amounted to 755.9m (758), equivalent to an EBITDA margin of 39.5 (40.7) percent. In constant currencies EBITDA increased by approximately 12 percent. EBITDA including the costs of incentive programs decreased by 14 percent to SEK 587.3m (684.2), corresponding to an EBITDA margin of 30.7 (36.7) percent. In constant currencies the EBITDA decrease was approximately 1 percent. Profit after tax was SEK 388.6m (524.3). Basic earnings per share was SEK 1.14 (1.51) and diluted earnings per share were SEK 1.13 (1.51). Net sales decreased by 3 percent in India but increased by 17 percent in the Middle East and Africa and by 18 percent in the rest of the world.   In accordance with Truecaller's dividend policy, Truecaller's board of directors has decided to propose a dividend of SEK 0.28 per share for the 2025 financial year to the general meeting. Presentation of the report

Rishit Jhunjhunwala, CEO and Odd Bolin, CFO presents the report and answers questions in a webcast and conference call on the 17th of February at 13.00 CET. The presentation will be held in English.

If you wish to participate via webcast please use the link below.

https://truecaller.events.inderes.com/q4-report-2025

If you wish to participate via teleconference please register on the link below. After registration you will be provided phone numbers and a conference ID to access the conference. You can ask questions verbally via the teleconference.

https://conference.inderes.com/teleconference/?id=50052353

For more information, please contact:

Odd Bolin, CFO
[email protected]

This information is information that Truecaller is obliged to make public pursuant to the EU Market Abuse Regulation 596/2014. The information was submitted for publication, through the agency of the contact persons set out above, at the time stated by the Company's news distributor, Cision, at the publication of this press release.

About Truecaller

Truecaller (TRUE B) is the leading global platform for verifying contacts and blocking unwanted communication. We enable safe and relevant conversations between people and make it efficient for businesses to connect with consumers. Fraud and unwanted communication are endemic to digital economies. especially in emerging markets. We are on a mission to build trust in communication. Truecaller is an essential part of everyday communication for more than 450 million active users. Truecaller is listed on Nasdaq Stockholm since 8 October 2021. For more information. please visit corporate.truecaller.com

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

https://news.cision.com/truecaller-ab/r/entering-the-next-phase-of-growth,c4308511

The following files are available for download:

SOURCE Truecaller AB

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First ACI Connetic UK deployment marks pivotal milestone as country prepares for the next wave of payments transformation

OMAHA, Neb.--(BUSINESS WIRE)--ACI Worldwide (NASDAQ:ACIW), an original innovator in global payments technology, today announced a major step forward in the UK’s payments modernization journey as a leading UK retail bank chooses ACI Connetic — the industry’s first unified, cloud-native platform — for deployment. Powered by Microsoft's cloud capabilities, this milestone demonstrates strong industry confidence in ACI’s next-generation platform and its ability to empower financial institutions to modernize, innovate and unlock new growth.

“Banks are facing unprecedented pressure to modernize quickly. ACI Connetic is more than a new payments product — it’s an operating model built for the digital economy." Richard Albery, head of banking, UK and Ireland, ACI Worldwide.

Share Landmark UK Deployment as Government and Regulators Push for Payments Modernization

The first ACI Connetic deployment in the UK is a pivotal milestone as the country prepares for the next wave of payments transformation. For the first time, UK banks can bring SWIFT, CHAPS, and Faster Payments together on one cloud-native SaaS platform, eliminating the fragmentation that has long driven operational cost, risk, and complexity.

Designed to meet the demands of modern banking, ACI Connetic, the industry’s first unified, cloud-native platform enables banks and financial institutions of all sizes to:

Consolidate siloed systems and embrace a centralized approach to processing all payment types Reduce operational complexity, increase resiliency across all schemes and speed up the adoption of regulatory mandates Accelerate innovation, increase agility and position themselves for future real-time and cross-border modernization One Cloud Platform for All Payments — A Clear Industry First

ACI Connetic is the industry’s first platform to bring together account-to-account (A2A) payments, card payments, and AI-driven fraud prevention within one cloud-native SaaS environment. Its modular design, cloud-native architecture, and open APIs streamline integration, shorten implementation timelines, and deliver faster time to value. Designed for institutions of all sizes, ACI Connetic enables rapid modernization without compromising enterprise-grade resilience or regulatory readiness.

“ACI Connetic is gaining real global traction — and the UK deployment is a major milestone,” said Richard Albery, head of banking, UK and Ireland, ACI Worldwide. “Banks are facing unprecedented pressure to modernize quickly as payments grow more complex. ACI Connetic is more than a new payments product — it’s an operating model built for the digital economy, giving institutions the agility and scale they need to grow.”

“Microsoft Azure is increasingly becoming a foundational platform for high‑performance enterprise payments,” said Christian Sarafidis, Chief Executive EMEA Financial Services. “Our collaboration with ACI Worldwide helps banks access a cloud‑native approach that supports security, compliance, resilience and scalability, while enabling continuous innovation. As payments continue to evolve, cloud technology is playing an important role in helping institutions respond to digital commerce, regulatory change and rising customer expectations.”

Global Demand Builds Across Europe and the U.S.

Beyond the UK, banks across Europe and the U.S. are adopting ACI Connetic as they rethink how to operate amid regulatory change, heightened competition, and rapid shifts in customer expectations. Cloud modernization is no longer a technology decision — it is a strategic requirement. ACI Connetic on Microsoft Azure gives banks the platform, scale, and resilience required to compete in a digital-first, real-time world.

About ACI Worldwide

ACI Worldwide, an original innovator in global payments technology, delivers transformative software solutions that power intelligent payments orchestration in real time so banks, billers and merchants can drive growth, while continuously modernizing their payment infrastructures, simply and securely. With nearly 50 years of trusted payments expertise, we combine our global footprint with a local presence to offer enhanced payment experiences to stay ahead of constantly changing payment challenges and opportunities.

© Copyright ACI Worldwide, Inc. 2026

ACI, ACI Worldwide, ACI Payments, Inc., ACI Pay, Speedpay, and all ACI product/solution names are trademarks or registered trademarks of ACI Worldwide, Inc., or one of its subsidiaries, in the United States, other countries, or both. Other parties’ trademarks referenced are the property of their respective owners.

More News From ACI Worldwide

Back to Newsroom

Please see below information about transactions made under the first tranche of the 2026 share buy-back programme for Equinor ASA (OSE:EQNR, NYSE:EQNR, CEUX:EQNRO, TQEX:EQNRO).

Date on which the buy-back tranche was announced: 4 February 2026.

The duration of the buy-back tranche: 5 February to no later than 30 March 2026.

Further information on the tranche can be found in the stock market announcement on its commencement dated 4 February 2026, available here: https://newsweb.oslobors.no/message/664788

From 9 February to 13 February 2026, Equinor ASA has purchased a total of 505,500 own shares at an average price of NOK 266.7766 per share.

Overview of transactions:

DateTrading venueAggregated daily volume (number of shares)Daily weighted average share price (NOK)Total daily transaction value (NOK)     9 FebruaryOSE129,000263.591934,003,355.10 CEUX    TQEX        10 FebruaryOSE126,500265.845533,629,455.75 CEUX    TQEX        11 FebruaryOSE125,500268.444833,689,822.40 CEUX    TQEX        12 FebruaryOSE124,500269.341033,532,954.50 CEUX    TQEX        13 FebruaryOSE    CEUX    TQEX        Total for the periodOSE505,500266.7766134,855,587.75 CEUX    TQEX        Previously disclosed buy-backs under the trancheOSE265,944258.613268,776,620.06CEUX   TQEX   Total265,944258.613268,776,620.06     Total buy-backs under the tranche (accumulated)OSE771,444263.9624203,632,207.81CEUX   TQEX   Total771,444263.9624203,632,207.81 Following completion of the above transactions, Equinor ASA owns a total of 60,998,636 own shares, corresponding to 2.39% of Equinor ASA’s share capital, including shares under Equinor’s share savings programme (excluding shares under Equinor’s share savings programme, Equinor owns a total of 51,674,197 own shares, corresponding to 2.02% of the share capital).

This is information that Equinor ASA is obliged to make public pursuant to the EU Market Abuse Regulation and that is subject to the disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act.

Appendix: A overview of all transactions made under the buy-back tranche that have been carried out during the above-mentioned time period is attached to this report and available at www.newsweb.no.

Contact details:

Investor relations
Bård Glad Pedersen, senior vice president Investor Relations,
+47 918 01 791

Media
Sissel Rinde, vice president Media Relations,
+47 412 60 584

Detailed overview of transactions

February 17, 2026 02:00 ET  | Source: VAALCO Energy, Inc.

HOUSTON, Feb. 17, 2026 (GLOBE NEWSWIRE) -- VAALCO Energy, Inc. (NYSE: EGY, LSE: EGY) (“Vaalco” or the “Company”) today announced that it declared its quarterly cash dividend of $0.0625 per share of common stock for the first quarter of 2026 ($0.25 annualized), which is payable on March 27, 2026, to stockholders of record at the close of business on February 27, 2026. Future declarations of quarterly dividends and the establishment of future record and payment dates are subject to approval by the Board of Directors.

George Maxwell, Vaalco’s Chief Executive Officer, commented, “We are pleased to announce our first quarter 2026 dividend, marking our 17th consecutive quarterly dividend. Our portfolio of high-quality, cash generative assets positions Vaalco to create sustainable value while capturing accretive upside through development and optimization projects in 2026 and beyond.”

About Vaalco

Vaalco, founded in 1985 and incorporated under the laws of Delaware, is a Houston, Texas, USA based, independent energy company with a diverse portfolio of production, development and exploration assets across Gabon, Egypt, Côte d'Ivoire, Equatorial Guinea, and Nigeria.

For Further Information

Vaalco Energy, Inc. (General and Investor Enquiries)+00 1 713 543 3422Website:www.vaalco.com  Al Petrie Advisors (US Investor Relations)+00 1 713 543 3422Al Petrie / Chris Delange   Burson Buchanan (UK Financial PR)+44 (0) 207 466 5000Barry [email protected] Forward Looking Statements

This press release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended, which are intended to be covered by the safe harbors created by those laws and other applicable laws and “forward-looking information” within the meaning of applicable Canadian securities laws(collectively, “forward-looking statements”). Where a forward-looking statement expresses or implies an expectation or belief as to future events or results, such expectation or belief is expressed in good faith and believed to have a reasonable basis. All statements other than statements of historical fact may be forward-looking statements. The words “anticipate,” “believe,” “estimate,” “expect,” “intend,” “forecast,” “outlook,” “aim,” “target,” “will,” “could,” “should,” “may,” “likely,” “plan” and “probably” or similar words may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements in this press release include, but are not limited to, statements relating to (i) estimates of future drilling, production, sales and costs of acquiring crude oil, natural gas and natural gas liquids; (ii) expectations regarding future exploration and the development, growth and potential of Vaalco’s operations, project pipeline and investments, and schedule and anticipated benefits to be derived therefrom; (iii) expectations regarding future acquisitions, investments or divestitures; (iv) expectations of future dividends; (v) expectations of future balance sheet strength; and (vii) expectations of future equity and enterprise value.

Such forward-looking statements are subject to risks, uncertainties and other factors, which could cause actual results to differ materially from future results expressed, projected or implied by the forward-looking statements. These risks and uncertainties include, but are not limited to: risks relating to any unforeseen liabilities of Vaalco; the ability to generate cash flows that, along with cash on hand, will be sufficient to support operations and cash requirements; risks relating to the timing and costs of completion for scheduled maintenance of the FPSO servicing the Baobab field; and the risks described under the caption “Risk Factors” in Vaalco’s most recent Annual Report on Form 10-K.

Dividends beyond the first quarter of 2026 have not yet been approved or declared by the Board of Directors. The declaration and payment of future dividends remain at the discretion of the Board of Directors and will be determined based on Vaalco’s financial results, balance sheet strength, cash and liquidity requirements, future prospects, crude oil and natural gas prices, and other factors deemed relevant by the Board of Directors. The Board of Directors reserves all powers related to the declaration and payment of dividends. Consequently, in determining the dividend to be declared and paid on Vaalco’s common stock, the Board of Directors may revise or terminate the payment level at any time without prior notice.

Any forward-looking statement made by Vaalco in this press release is based only on information currently available to Vaalco and speaks only as of the date on which it is made. Except as may be required by applicable securities laws, Vaalco undertakes no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.

Inside Information

This announcement contains inside information as defined in Regulation (EU) No. 596/2014 on market abuse which is part of UK domestic law by virtue of the European Union (Withdrawal) Act 2018 (“MAR”) and is made in accordance with the Company’s obligations under article 17 of MAR. The person responsible for arranging the release of this announcement on behalf of Vaalco is Matthew Powers, Corporate Secretary of Vaalco.

Robinhood's 2025 marked a turning point. The company proved it can operate profitably at scale. The next phase will determine whether it can compound.

Robinhood's (HOOD +6.82%) 2025 answered an important question: The company can operate as a profitable, diversified business.

Now investors face a more interesting one. What kind of company is Robinhood trying to become?

The past year wasn't just about stronger earnings or S&P 500 inclusion. It revealed the outline of a long-term strategy -- one that extends far beyond commission-free trading.

Image source: Getty Images.

From brokerage to platform Robinhood began as a disruptive trading app. Its early advantage came from simplicity and zero commissions.

But zero commissions are no longer a differentiator. Every major brokerage offers them.

What sets the next phase apart is platform depth.

In 2025, Robinhood expanded subscriptions, scaled its Gold Card, broadened crypto capabilities, and introduced tokenized stock trading in Europe. These moves weren't isolated product launches. They were ecosystem layers.

The shift is subtle but essential. Robinhood is moving from facilitating transactions to owning financial relationships.

That distinction determines long-term economics, positioning the company to generate long-term shareholder wealth.

Today's Change

(

6.82

%) $

4.85

Current Price

$

75.97

The demographic flywheel One of Robinhood's most durable assets isn't a product. It's its customer base.

The average Robinhood user remains relatively young compared to traditional brokerage clients. That demographic profile benefits from a powerful dynamic: time.

A 35-year-old investor doesn't just trade stocks. Over the next 20 years, they will accumulate assets, manage savings, seek credit, and eventually think about retirement and wealth preservation.

If Robinhood retains those users, customer lifetime value expands dramatically.

Instead of competing solely for trade volume, the company can grow alongside its customers' financial complexity. Trading may be the entry point. Lending, saving, and wealth-building tools can serve as long-term anchors.

That evolution, if executed well, turns engagement into compounding economics.

Tokenization and other optionality Robinhood's exploration of tokenized equities in Europe may look niche today. But strategically, it signals something broader.

The company wants exposure to financial infrastructure innovation.

Tokenization, crypto wallets, and prediction markets may remain volatile in the short term. Yet they position Robinhood at the edge of emerging financial rails rather than purely traditional brokerage plumbing.

Optionality matters. If tokenized assets become mainstream, Robinhood already has operational experience. If digital asset markets deepen integration with traditional finance, the company has built relevant infrastructure.

Not every experiment will scale. But the willingness to build at the frontier increases long-term upside potential.

But it's not going to be all smooth sailing While 2025 demonstrated maturity, other challenges remain.

One, can Robinhood reduce earnings volatility over time?

Trading-driven revenue will always fluctuate with market sentiment. Crypto activity will cycle. Options volumes will expand and contract. The path to durability lies in recurring income. Subscriptions, interest income, card revenue, and ecosystem engagement must grow as a percentage of the overall mix. The more revenue tied to relationships rather than trades, the more predictable results become.

The company has started that transition. It hasn't completed it. That's the execution gap investors should monitor over the next five years.

Besides, growth alone does not create durable shareholder returns. Capital allocation, cost control, and regulatory navigation matter just as much as product velocity.

Robinhood now operates at a scale where incremental decisions compound. Strategic discipline will determine whether expansion enhances margins or dilutes focus. Explosive spikes in trading activity won't define the next decade. It will be defined by steady ecosystem expansion and operational consistency.

That is a different kind of challenge.

What does it mean for investors? Robinhood no longer needs to prove it can attract users. Instead, it needs to prove it can deepen relationships.

The company has built reach. It has rebuilt credibility. It has diversified revenue streams. Now it must convert those foundations into durable economics.

If management succeeds, Robinhood could evolve from a brokerage app into a full-stack financial platform serving an entire generation of investors. If it fails, earnings will remain cyclical and sentiment-driven.

2025 clarified the direction. The next decade will test the execution.

For investors who think in long horizons, that's where the real opportunity, and the absolute risk, lie.

, /PRNewswire/ --

Why: Rosen Law Firm, a global investor rights law firm, reminds purchasers of securities of CoreWeave, Inc. (NASDAQ: CRWV) between March 28, 2025 and December 15, 2025, both dates inclusive (the "Class Period"), of the important March 13, 2026 lead plaintiff deadline.

So what: If you purchased CoreWeave securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

What to do next: To join the CoreWeave class action, go to https://rosenlegal.com/submit-form/?case_id=50571 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than March 13, 2026. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

Why Rosen Law: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually handle securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved, at that time, the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs' Bar. Many of the firm's attorneys have been recognized by Lawdragon and Super Lawyers.

Details of the case: According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose that: (1) defendants had overstated CoreWeave's ability to meet customer demand for its service; (2) defendants materially understated the scope and severity of the risk that CoreWeave's reliance on a single third-party data center supplier presented for CoreWeave's ability to meet customer demand for its services; (3) the foregoing was reasonably likely to have a material negative impact on CoreWeave's revenue; (4) as a result, CoreWeave's public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the CoreWeave class action, go to https://rosenlegal.com/submit-form/?case_id=50571 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

Contact Information:

      Laurence Rosen, Esq.
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      The Rosen Law Firm, P.A.
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SOURCE THE ROSEN LAW FIRM, P. A.

LONDON, UK / ACCESS Newswire / February 17, 2026 / Empire Metals Limited (LON:EEE)(OTCQX:EPMLF), the AIM-quoted and OTCQX-traded exploration and development company, is pleased to announce the commencement of a major drilling campaign at the Pitfield Project in Western Australia ('Pitfield' or the 'Project'). This programme is designed to evaluate the extent of the giant TiO2 mineral system at Pitfield, expand the Cosgrove Mineral Resource Estimate (MRE), and enhance the confidence levels associated with the MRE at Thomas.

Highlights

A total of 754 drill holes are planned:

683 Air Core ('AC') drillholes for approximately 34,150 metres, and

71 Reverse Circulation ('RC') drillholes for approximately 7,100 metres,

totalling 41,250 metres of drilling.

The fully funded campaign will utilise 3 AC drill rigs and 2 RC rigs and drilling is expected to be completed by mid-April.

The key outcome of the drilling will be an updated MRE at Thomas, with increased resource classification into the Measured and Indicated categories, and a significantly larger updated MRE at Cosgrove.

Updated MRE anticipated in Q3 2026 to support ongoing engineering and study work.

Shaun Bunn, Managing Director, said:"We are pleased to commence this important drilling campaign at Pitfield, focused on upgrading our maiden MRE from the Thomas and Cosgrove Prospects (announced 14 October 2025) and extending the exploration target area. This fully-funded campaign is the largest undertaken to date at Pitfield and will significantly improve our understanding of the scale and grade of the Pitfield MRE, and also increase the confidence levels of Measured and Indicated Resources in readiness for developing mine design and Ore Reserves."

Drilling Programmes

The titanium discovery at Pitfield is of unprecedented scale and hosts one of the largest and highest-grade titanium resources reported globally, with a current MRE totalling 2.2 billion tonnes grading 5.1% TiO₂ for 113 million tonnes of contained TiO₂.

The MRE, which covers only the Thomas and Cosgrove deposits, includes a weathered zone resource of 1.26 billion tonnes at 5.2% TiO₂ and a significant Indicated Resource of 697 million tonnes at 5.3% TiO₂, predominantly from the Thomas deposit. Titanium mineralisation at Pitfield occurs from surface and displays exceptional grade continuity along strike and down dip. The MRE extends across just 20% of the known mineralised footprint, providing substantial potential for further resource expansion.

Since commencing the maiden drilling campaign at Pitfield on 27 March 2023, Empire has completed 390 drill holes for a total 33,001 metres comprising:

25 DD drill holes for 3,449 m

140 RC drill holes for 18,764 m

225 AC drill holes for 10,797 m.

Diamond drilling was recently conducted at the Thomas prospect, from mid-November to mid-December 2025 (announced 12 November 2025). A total of 8 holes were drilled for 745.1m.

The diamond drilling targeted the high-grade central core identified within the Thomas MRE with the primary purpose of generating ore samples for metallurgical and geotechnical testwork. The whole drill core underwent extensive geotechnical evaluation prior to cutting core samples. A quarter core sample was collected for assay analysis. These samples have been submitted to the analytical laboratory for analysis, with final results expected in Q1 2026.

Largest drilling campaign to date to commence at Pitfield

An extensive AC and RC drill programme has been planned at Pitfield consisting of exploration drilling, initial mineral resource drilling and infill mineral resource drilling. AC drilling has previously been used at Pitfield to drill-test the weathered cap and collect bulk metallurgical samples (announced 28 April 2025). It is a cost-effective, efficient and proven drilling method at Pitfield that is commonly used for shallow exploration projects, and the success of the previous drilling campaigns has confirmed its suitability for use in the Pitfield MREs.

The drill programme, the largest at Pitfield to date, will cover an area 37km long and up to 12km wide. There are 754 holes planned for a total of 41,250m. All programmes will take place in parallel ensuring the drilling is more efficient and cost effective. It is expected that the drilling will begin in late February and finish in mid-April. There will be up to 5 drill rigs at the project. Once completed, Empire will have drilled close to 75,000 meters at Pitfield.

The exploration drilling will be focused on delineating the extents of the giant Pitfield Ti-rich mineral system. Recent drilling has focussed on the Thomas and Cosgrove prospects to delineate MREs, however this has focussed on less than 20% of the currently known surface area of the mineral system. This exploration drilling campaign will generate data that will provide a much better understanding of the size of the system, the mineralisation and associated alteration and extend the area explored by drilling to 60-70% of the currently identified area of mineralization. Furthermore, the drilling will also provide essential information to support the study phase regarding the location of high-grade titanium mineralisation and the potential sites for process and infrastructure facilities.

At Thomas, AC and RC drilling will take place on a smaller spaced grid (100m x 100m) over the higher grade TiO2 rich core of the deposit to increase the confidence level of the current MRE. The drilling will focus on the weathered zone where the anatase is most prevalent.

At Cosgrove, an extensive AC and RC programme will occur to extend the current MRE to the north and the south. This drilling, as at Thomas, will be focussed on the weathered zones with the aim of significantly increasing the current MRE of 430Mt @ 5.8% TiO2. The location and spacing of the planned AC/RC drillholes have been designed to complement the existing MRE and allow the data generated from this drill programme to be incorporated with the existing MRE data which will potentially mean efficiencies in generating the updated MRE for Cosgrove.

The AC and RC drillholes will be geologically logged and sub-sampled on 2m intervals and geochemically analysed; this data will provide the basis for the updated MREs at Thomas and Cosgrove Prospects.

The drilling is expected to finish mid-April with all samples to be at Intertek Analytical Laboratory in Perth by the end of April.

Figure 1. Satellite image of Pitfield showing planned drill collars in relation to current MRE outlines.

Competent Person Statement
The technical information in this report that relates to the Pitfield Project has been compiled by Mr Andrew Faragher, an employee of Empire Metals Australia Pty Ltd, a wholly owned subsidiary of Empire. Mr Faragher is a Member of the Australian Institute of Mining and Metallurgy (AusIMM). Mr Faragher has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the 'Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves'. Mr Faragher consents to the inclusion in this release of the matters based on his information in the form and context in which it appears.

**ENDS**

For further information please visit www.empiremetals.co.uk or contact:

Empire Metals Ltd

Shaun Bunn / Greg Kuenzel / Arabella Burwell

Tel: 020 4583 1440

S. P. Angel Corporate Finance LLP (Nomad & Joint Broker)

Ewan Leggat / Adam Cowl

Tel: 020 3470 0470

Canaccord Genuity Limited (Joint Broker)

James Asensio / Christian Calabrese / Charlie Hammond

Tel: 020 7523 8000

Shard Capital Partners LLP (Joint Broker)

Damon Heath

Tel: 020 7186 9950

Tavistock (Financial PR)

Emily Moss / Josephine Clerkin

[email protected]

Tel: 020 7920 3150

About Empire Metals Limited
Empire Metals Ltd (AIM:EEE)(OTCQX:EPMLF) is an exploration and resource development company focused on the commercialisation of the Pitfield Titanium Project, located in Western Australia. The titanium discovery at Pitfield is of unprecedented scale and hosts one of the largest and highest-grade titanium resources reported globally, with a Mineral Resource Estimate (MRE) totalling 2.2 billion tonnes grading 5.1% TiO₂ for 113 million tonnes of contained TiO₂.

Titanium mineralisation at Pitfield occurs from surface and displays exceptional grade continuity along strike and down dip. The MRE extends across just 20% of the known mineralised footprint, providing substantial potential for further resource expansion.

Conventional processing has already produced a high-purity product grading 99.25% TiO₂, suitable for titanium sponge metal or pigment feedstock. With excellent logistics and established infrastructure, Pitfield is strategically positioned to supply the growing global demand for titanium and other critical minerals.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.

SOURCE: Empire Metals Limited

Unaudited Interim Results for the six-month period ending 31 December 2025

DOUGLAS, ISLE OF MAN / ACCESS Newswire / February 17, 2026 / Agronomics Limited (AIM:ANIC), a leading listed company in the field of clean food, is pleased to announce its unaudited interim results for the six-month period ending 31 December 2025. A copy of these Interim Results is available on the Company's website www.agronomics.im.

James Mellon, Chair of Agronomics, commented:

"The Company recorded a net profit for the period of £10,012,753 (31 December 2024: loss of £6,555,201). During the six months period, net investment gains (loan and cash interest income, net unrealised investment gains/losses, net unrealised foreign exchange gains/losses) totalled £10,714,736 (31 December 2024: net investment losses of £5,872,621). No performance fees were payable or accrued for the current period. The basic and diluted profit per share was 0.991 pence (31 December 2024: loss per share of 0.649 pence)."

Financial highlights

The Company's Net Asset Value per Share at 31 December 2025 was 13.78 pence (30 June 2025: 12.34 pence) - an increase of 11.7%. The share price of 6.2 pence at the 31 December 2025 close represented a discount of 55% to the 31 December 2025 NAV per share.

Net investment gains (loan and cash interest income, net unrealised investment gains/losses, net unrealised foreign exchange gains/losses) totalled £10,714,736 (31 December 2024: net investment losses of £5,872,621) during the six-month period.

Operating expenses for the period were £701,983 (31 December 2024: £682,580).

A net profit of £10,012,753 (31 December 2024: loss of £6,555,201) was recognised during the period.

The carrying amount of invested assets at the half year was £137,954,854 (30 June 2025: £121,009,941), and cash and cash equivalents and cash deposits stood at £2,153,140 (30 June 2025: £3,606,187).

Net assets increased to £139,973,458 at 31 December 2025 (30 June 2025: £124,520,935). The increase in NAV is due to:

Unrealised fair value gain on the Blue Nalu carrying amount following the close of its preferred share and convertible promissory note raise - £4 million;

Unrealised fair value loss on the Solar Foods Oyj carrying amount, with the carrying amount adjusted to fair value based on latest traded share price - £0.9 million;

Unrealised fair value gain on the Liberation Bioindustries carrying amount following the close of its Series A 1 equity raise - £4.1 million;

Unrealised foreign exchange gains on investments held in USD, EUR and AUD - £2.8 million;

Net operating costs for the period of £0.7 million;

Net loss offset by net interest income earned on loan investments and cash deposits - £0.7 million.

Increase in NAV of £1 million, following the issue 6,488,535 new Agronomics shares to Supermeat The Essence of Meat Ltd ("Supermeat"), in settlement of a US$ 1.25 million SAFE investment; and

Increase in NAV of £4.5 million, following the issue of 30,643,003 new Agronomics shares to Blue Nalu Inc, in settlement of a US$ 6,000,000 Preferred Shares investment.

Operational Highlights

On 24 July 2025, Solar Foods Oyj announced that, in partnership with Japanese food manufacturer Ajinomoto Co. Inc, it introduced a Solein®-powered Flowering Ice Cream in connection with the World Aquatics Championships, Singapore 2025;

On 12 September 2025, Clean Food Group Limited reported it received approval for its CLEAN Oil™ 25 product to be used as a cosmetic ingredient in the United Kingdom, Europe, and the United States;

On 23 September 2025, Onego Bio Limited announced that the U.S. Food and Drug Administration ("FDA") issued a "no questions" letter regarding the company's conclusion that its flagship product, marketed as Bioalbumen®, is Generally Recognized As Safe ("GRAS") under its conditions of use in a wide range of food and beverage applications;

25 September 2025 - Clean Food Group complete the acquisition of a fermentation plant from Algal Omega 3 Ltd, providing immediate access to one million litres of fermentation capacity and materially accelerating its path to commercial scale;

21 October 2025 - Geltor Inc received a 'No Questions' Letter from the US Food and Drug Administration, confirming the Generally Recognized As Safe status of its PrimaColl® ingredient - the world's first biodesigned vegan collagen polypeptide;

10 November 2025 - the EVERY Company completed a US$ 55 million Series D financing round, led by McWin Capital Partners through the McWin Food Tech Fund, and included participation from Main Sequence, Bloom8, TO.VC, Minerva Foods, Grosvenor Food & Ag, New Agrarian Company Limited (an affiliate of Agronomics), and SOSV;

21 November 2025 - SuperMeat completed a US$ 3.5 million funding round through the issue of a Simple Agreement for Future Equity of which Agronomics invested US$ 2 million in the form of US$ 0.75 million in cash and US$ 1.25 million in new Agronomics shares, with Milk and Honey Ventures also investing;

19 December 2025 - Liberation Bioindustries, Inc closed the first tranche of its Series A1 equity round, which included the conversion of all Convertible Loan Note instruments held by Agronomics into Series A1 shares; and

30 December 2025 - Blue Nalu Inc completed an initial closing of a Convertible Promissory Note ("CPN") financing, with invested proceeds of approximately US$ 8 million, and Agronomics subscribing for US$ 600,000 of CPNs. The CPN funding was led by experienced investors in food tech, including Lewis & Clark AgriFood Fund II LLP and Siddhi Capital Fund I L.P. Concurrently, Agronomics subscribed for new Preferred Shares worth US$ 6 million.

Post-Period End Highlights

15 January 2026 - Completed an additional investment of AU$3 million in its portfolio company, All G Co Holdings Pty Limited ("All G"), an Australian biotech specialising in precision fermentation of human and bovine milk proteins, notably lactoferrin. The consideration due from Agronomics under the Note Purchase Agreement has been satisfied in full by the issue of 10,026,375 new Ordinary Shares of the Company, each new share issued at a price equal to 14.65 pence (being the net asset value per share as at 30 September 2025).

The Company also announced, on 19 December 2025, that the board and shareholders of its portfolio company, Meatable B.V, resolved to dissolve the legal entity and its related group companies and to terminate all operating activities. This resulted in a full write down of the investments carrying amount, totalling £11.9 million, with the impairment being recognised in the audited June 2025 financial statements.

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF THE MARKET ABUSE REGULATION (EU No. 596/2014) AS IT FORMS PART OF UK DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018. UPON THE PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE, THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN AND SUCH PERSONS SHALL THEREFORE CEASE TO BE IN POSSESSION OF INSIDE INFORMATION.

For further information please contact:

Agronomics Limited

Beaumont Cornish Limited

Canaccord Genuity Limited

Cavendish Capital Markets Limited

33Seconds Limited

The Company

Nomad

Joint Broker

Joint Broker

Public Relations

Jim Mellon

Denham Eke

Roland Cornish

James Biddle

Andrew Potts

Harry Pardoe

Giles Balleny

Michael Johnson

Jack Ferris

Amber Carr

+44 (0) 1624 639396

[email protected]

+44 (0) 207 628 3396

+44 (0) 207 523 8000

+44 (0) 207 397 8900

[email protected]

Beaumont Cornish Limited ("Beaumont Cornish") is the Company's Nominated Adviser and is authorised and regulated by the FCA. Beaumont Cornish's responsibilities as the Company's Nominated Adviser, including a responsibility to advise and guide the Company on its responsibilities under the AIM Rules for Companies and AIM Rules for Nominated Advisers, are owed solely to the London Stock Exchange. Beaumont Cornish is not acting for and will not be responsible to any other persons for providing protections afforded to customers of Beaumont Cornish nor for advising them in relation to the proposed arrangements described in this announcement or any matter referred to in it.

Unaudited Interim Report and Condensed Financial Statements
For the period ended 31 December 2025

Chair's statement

I am pleased to present the Unaudited Interim Results for Agronomics Limited (the "Company" or "Agronomics") for the six-month period ending 31 December 2025.

Portfolio Progress

During the period, the Agronomics portfolio made meaningful progress across several of its more advanced investments, with a growing number of companies moving beyond technical validation and into commercial execution, regulatory clearance, and scaled manufacturing. While the wider funding environment for clean food companies has remained challenging, our portfolio continues to demonstrate the resilience of its underlying technologies and the relevance of its solutions to global food system constraints.

Precision fermentation remains the area of strongest momentum within the portfolio. Multiple companies achieved regulatory milestones that materially advance their commercial prospects. Onego Bio received a "No Questions" letter from the U.S. Food and Drug Administration for its Bioalbumen® egg protein, concluding it as is Generally Recognized As Safe ("GRAS") and enabling commercial deployment across a broad range of food applications. Clean Food Group secured regulatory approval for its CLEAN Oil™ 25 product for use in cosmetics across the UK, Europe, and the United States, unlocking access to a large, high-value end market and validating the scalability of its proprietary fermentation platform.

Commercial traction has also continued to build. Solar Foods Oyj, in partnership with Ajinomoto, introduced Solein®-powered consumer products in connection with the World Aquatics Championships in Singapore, further demonstrating customer acceptance of novel proteins produced via biomanufacturing. The EVERY Company closed a US$ 55 million Series D financing round and commenced nationwide retail rollout in the United States, reflecting both increasing demand for stable egg protein supply and growing confidence from strategic and institutional investors.

A key development during the period was the continued progress of portfolio companies focused on manufacturing infrastructure. Clean Food Group acquired the assets of Algal Omega 3, providing immediate access to one million litres of fermentation capacity and materially accelerating its path to commercial scale. Liberation Bioindustries closed the first tranche of its Series A1 equity round, with its Richmond facility nearing completion and partners already preparing to utilise capacity upon commissioning. We believe this growing availability of industrial-scale biomanufacturing capacity represents a critical inflection point for the sector.

Within cultivated proteins, progress has been more uneven, reflecting both the capital intensity and longer development timelines of this segment. Agronomics increased its investment in SuperMeat The Essence of Meat Ltd to support continued commercialisation of cultivated chicken in Europe and participated in BlueNalu Inc's convertible promissory note and equity round, increasing our ownership while strengthening downside protection. At the same time, following an extended period of funding constraints, Meatable B.V entered an orderly wind-down, resulting in a full write-off of our position. While disappointing, this outcome underscores the importance of disciplined portfolio management and reinforces our focus on supporting companies with clear pathways to scale and capital efficiency.

Overall, despite a demanding operating environment, the period was characterised by tangible progress across regulation, commercial partnerships, and manufacturing readiness. These developments continue to support our conviction that a smaller number of well-capitalised, execution-focused companies will emerge stronger as the sector matures.

At 31 December 2025, the weighting of the investment portfolio was as follows:

Portfolio Company

Product Focus

Weighting

Liberation Bioindustries Inc

Contract Manufacturer for Precision Fermentation

25%

Blue Nalu Inc

Cultivated Bluefin Tuna

12%

SuperMeat The Essence of Meat Ltd

Cultivated Poultry

11%

Onego Bio Ltd

Cultivated Egg Proteins

8%

Formo Bio GmbH

Cultivated Dairy Proteins

7%

All G Co Holdings Pty Ltd

Cultivated Dairy Proteins

5%

Clean Food Group Ltd

Cultivated Palm Oil

5%

Solar Foods Oyj

Novel Air Protein

5%

EVERY Company

Cultivated Egg Proteins

4%

Meatly

Cultivated Pet Food

3%

Livekindley Inc

Plant-based Meat

3%

California Cultured Inc

Cultivated Coffee and Cocoa

2%

Mosa Meat B.V.

Cultivated Beef

2%

Galy Co

Cultivated Cotton

2%

Tropic Biosciences UK Ltd

Gene-Edited Crops

2%

CellX Limited

Cultivated Chicken

1%

HydGene Renewables Pty Ltd

Developer of synthetic biology technology for hydrogen production

1%

Other investments

1%

Investment Strategy

Agronomics' strategy has not changed. We continue to invest in companies developing technologies that can materially improve the way food and food ingredients are produced, with a clear focus on scalability, capital discipline and defensible intellectual property.

Over the past 6-month period, our emphasis has increasingly been on precision fermentation. This part of the portfolio is now showing tangible commercial progress, supported by regulatory approvals, customer partnerships and growing manufacturing capacity. In our view, precision fermentation offers the most credible near-term route to large-scale adoption, particularly in functional proteins and specialty ingredients where performance, reliability of supply and cost matter more than novelty.

A key element of our approach is supporting the infrastructure required to enable this transition. Limited access to industrial biomanufacturing capacity has been one of the main constraints facing the sector. Investments in platforms such as Liberation Bioindustries and Clean Food Group are intended to address this bottleneck directly, allowing multiple downstream companies to scale more quickly and efficiently. We see this as an important enabler not just for individual portfolio companies, but for the sector as a whole.

Our approach to cultivated proteins remains selective. While the long-term case for cultivated meat and seafood remains intact, these businesses typically require more capital and longer development timelines. We therefore focus on companies that demonstrate technical progress, realistic cost-reduction pathways and a credible route to regulatory approval and commercialisation. We also expect further consolidation in this area and continue to manage our exposure accordingly.

We maintain a disciplined valuation policy, carrying unquoted investments at the price of the most recent funding round in accordance with IFRS. This approach avoids anticipating value creation ahead of market evidence and provides consistency during periods of volatility.

Looking ahead, we remain convinced that food security, supply chain resilience and sustainability will continue to drive demand for the technologies in which we invest. While funding conditions are likely to remain challenging in the near term, we believe this environment favours companies that are well capitalised, operationally focused and able to execute. Agronomics will continue to support such businesses and deploy capital selectively where we see the strongest long-term opportunities.

A Year of Expected Growth

The year ahead is expected to mark an important transition for several of our portfolio companies, as a growing number move from development into commercial execution. In precision fermentation in particular, regulatory approvals, customer partnerships and manufacturing capacity are now in place, allowing companies to begin supplying products at scale rather than in limited pilots.

This shift from technical validation to commercial delivery is significant. It reflects years of investment in platform development and is now being reinforced by customer demand for more stable, secure and cost-predictable ingredient supply chains. As a result, the focus for the coming year will increasingly be on execution, reliability and the ability to convert early traction into recurring revenues.

We also expect continued consolidation across the sector. While this has reduced the number of active companies, it has strengthened those that remain, with capital and management attention now more tightly aligned to commercial outcomes. For Agronomics, this environment favours portfolio companies that are operationally focused and able to scale within existing infrastructure.

Although challenges remain, particularly in accessing capital, we believe the portfolio is better positioned today than at any point previously to benefit from this shift. The coming year is therefore less about experimentation and more about proving that these technologies can operate as part of the global food system.

Financial Review

The Company recorded a net profit for the period of £10,012,754 (31 December 2024: loss of £6,555,201). During the six months period, net investment gains (loan and cash interest income, net unrealised investment gains/losses, net unrealised foreign exchange gains/losses) totalled £10,714,736 (31 December 2024: net investment losses of £5,872,621). No performance fees were payable or accrued for the current period. The basic and diluted profit per share was 0.991 pence (31 December 2024: loss per share of 0.649 pence).

The net profit recognised during the period includes:

Unrealised fair value gain on the Blue Nalu carrying amount following the close of its preferred share and convertible promissory note raise - £4 million;

Unrealised fair value loss on the Solar Foods Oyj carrying amount, with the carrying amount adjusted to fair value based on latest traded share price - £0.9 million;

Unrealised fair value gain on the Liberation Bioindustries carrying amount following the close of its Series A 1 equity raise - £4.1 million;

Unrealised foreign exchange gains on investments held in USD, EUR and AUD - £2.8 million;

Net operating costs for the period of £0.7 million;

Net loss offset by net interest income earned on loan investments and cash deposits - £0.7 million.

The carrying amount of invested assets is £137,954,854 (30 June 2025: £121,009,941), and cash and cash equivalents and bank deposits stood £2,153,140 (30 June 2025: £3,606,187). Our net assets increased to £139,973,459 at 31 December 2025 (30 June 2025: £124,520,935). At the period end the company had 1,015,905,830 ordinary shares in issue. As a result, the net asset value per share at 31 December 2025 is 13.78 pence, which is an increase of 11.7% from 30 June 2025 (12.34 pence).

Investment Strategy and Outlook

Looking ahead, Agronomics will continue to focus on supporting portfolio companies that are making tangible progress toward commercial scale, while maintaining a disciplined and selective approach to capital allocation. Our strategy remains centred on technologies that address structural challenges in food production, particularly those that can deliver secure supply, consistent quality and predictable economics. As parts of the sector move into commercial execution, our emphasis is increasingly on operational performance, customer adoption and the ability of businesses to scale within realistic capital constraints.

While the investment environment is likely to remain uneven, we believe this period favours companies with proven platforms, experienced management teams and a clear route to revenue generation. Consolidation across the sector is expected to continue, and we will actively manage the portfolio to ensure exposure remains aligned with long-term value creation. With a more focused portfolio and increasing participation in businesses entering commercial phases, Agronomics is well positioned to support the next stage of growth while remaining prudent in the deployment of capital.

Jim Mellon
Chair
16 February 2026

Condensed statement of comprehensive income

For the period ended 31 December 2025

Notes

Period-ended

31 December 2025

(unaudited)

Period-ended

31 December 2024

(unaudited)

£

£

Income

Net gains/(losses) from financial instruments at fair value through profit and loss

2

7,234,999

(5,728,968

)

7,234,999

(5,728,968

)

Operating expenses

Directors' fees

(75,000

)

(75,000

)

Other operating costs

4

(626,982

)

(607,580

)

Unrealised foreign exchange gains/(losses)

2,817,151

(827,660

)

Profit/(loss) from operating activities

9,350,168

(7,239,208

)

Interest received

2

662,586

684,007

Profit/(loss) before taxation

10,012,754

(6,555,201

)

Taxation

-

-

Profit/(loss) for the period

10,012,754

(6,555,201

)

Other comprehensive income

-

-

Total comprehensive profit/(loss) for the period

10,012,754

(6,555,201

)

Basic profit/(loss) per share (pence)

5

0.991

(0.649

)

Diluted profit/(loss) per share (pence)

5

0.991

(0.649

)

The Directors consider that the Company's activities are continuing.

Condensed statement of financial position

As at 31 December 2025

Notes

31 December 2025

(unaudited)

30 June 2025

(audited)

£

£

Current assets

Financial assets at fair value through profit or loss

6

137,954,854

121,009,941

Cash and cash equivalents

2,153,140

3,606,187

Trade and other receivables

100,132

52,407

Total assets

140,208,126

124,668,535

Equity

Share capital

1,046

1,008

Share premium

141,610,811

136,171,079

Accumulated deficit

(1,638,398

)

(11,651,152

)

Total equity

139,973,459

124,520,935

Current liabilities

Trade and other payables

7

234,667

147,600

Total liabilities

234,667

147,600

Total equity and liabilities

140,208,126

124,668,535

These interim financial statements were approved by the Board of Directors on 16 February 2026 and were signed on their behalf by:

Denham Eke
Director

Condensed statement of changes in equity

For the period ended 31 December 2025

Share

capital

£

Share

premium

£

Accumulated earnings

£

Total

£

Balance at 01 July 2024 (audited)

1,008

136,169,365

21,098,697

157,269,070

Total comprehensive loss for the period

(6,555,201

)

(6,555,201

)

Issue of shares

-

1,714

-

1,714

Balance at 31 December 2024 (unaudited)

1,008

136,171,079

14,543,496

150,715,583

Share

capital

£

Share

premium

£

Accumulated deficit

£

Total

£

Balance at 01 July 2025 (audited)

1,008

136,171,079

(11,651,152

)

124,520,935

Total comprehensive profit for the period

-

-

10,012,754

10,012,754

Issue of shares

38

5,439,732

-

5,439,770

Balance at 31 December 2025 (unaudited)

1,046

141,610,811

(1,638,398

)

139,973,459

Condensed statement of cash flows

For the period ended 31 December 2025

Notes

Period-ended

31 December 2025

Period-ended

31 December 2024

(unaudited)

(unaudited)

£

£

Cash flows from operating activities

Profit/(loss) for the period

10,012,754

(6,555,201

)

Purchase of investments

(1,028,158

)

(1,550,777

)

Interest income

(662,586

)

(684,007

)

Unrealised (gains)/losses on investments

2

(7,234,999

)

5,728,968

Unrealised foreign exchange (gains)/losses on investments

(2,821,303

)

799,239

Proceeds from sale of investments

192,038

-

Operating loss before changes in working capital

(1,542,254

)

(2,261,778

)

Change in trade and other receivables

(47,724

)

(38,483

)

Change in trade and other payables

87,065

(4,776

)

Net cash flows from operating activities

(1,502,913

)

(2,305,037

)

Cash flows from financing activities

Proceeds from issue of shares

-

1,714

Cash interest received

49,866

258,719

Net cash flows from financing activities

49,866

260,433

Cash flows from investing activities

Bank deposits not considered cash and cash equivalents (net movement)

-

32,274

Net cash from investing activities

-

32,274

Decrease in cash and cash equivalents

(1,453,047

)

(2,012,330

)

Cash and cash equivalents at beginning of period

3,606,187

3,127,096

Cash and cash equivalents at the end of period

2,153,140

1,114,766

Notes to the condensed interim financial statements for the period ended 31 December 2025

1 Significant accounting policies

Agronomics Limited (the "Company") is a company domiciled in the Isle of Man. The address of the Company's registered office is Viking House, St Paul's Square, Ramsey, Isle of Man, IM8 1GB.

The unaudited condensed financial statements of the Company (the "Financial Information") are prepared in accordance with Isle of Man law and International Financial Reporting Standards ("IFRS") and their interpretations issued by the International Accounting Standards Board ("IASB") and adopted by the European Union ("EU"). The financial information in this report has been prepared in accordance with the Company's accounting policies. Full details of the accounting policies adopted by the Company are contained in the financial statements included in the Company's annual report for the year ended 30 June 2025 which is available on the Group's website: www.agronomics.im

The accounting policies and methods of computation and presentation adopted in the preparation of the Financial Information are consistent with those described and applied in the financial statements for the year ended 30 June 2025. There are no new IFRSs or interpretations effective from 1 July 2025 which have had a material effect on the financial information included in this report.

The unaudited condensed financial statements do not constitute statutory financial statements. The statutory financial statements for the year ended 30 June 2025, extracts of which are included in these unaudited condensed financial statements, were prepared under IFRS as adopted by the EU. The auditors' report on those financial statements was unmodified.

The preparation of the Financial Information requires management to make judgements, estimates and assumptions that affect the application of policies and reported amounts of assets and liabilities, income and expenses. Actual results could differ materially from these estimates. In preparing the Financial Information, the critical judgements made by management in applying the Company's accounting policies and the key sources of estimation uncertainty were the same as those that applied to the financial statements as at and for the year ended 30 June 2025 as set out in those financial statements.

The Financial Information is presented in Great British Pounds, rounded to the nearest pound, which is the functional currency and also the presentation currency of the Company.

2 Net income from financial instruments at fair value through profit and loss

31 December 2025

(unaudited)

£

31 December 2024

(unaudited)

£

Net unrealised gains/(losses) on investments

7,234,999

(5,728,968

)

3 Performance fee

31 December 2025

(unaudited)

£

31 December 2024

(unaudited)

£

Performance fee

-

-

Shellbay Investments Limited ("Shellbay") receives performance fees for the provision of Jim Mellon as Director of the Company and other services as detailed in the announcement of 6 May 2021. Shellbay shall be entitled to an annual fee equal to the value of 15% of any increase between the Company's net asset value ("NAV") on a per issued share basis at the start of a reporting period and 30 June ("Closing NAV Date") each year during the term of the New Shellbay Agreement, with the first reporting period being from 1 July 2020 to 30 June 2021, and annually thereafter. The opening and closing NAV for each period will be based on the audited financial statements of the Company for the relevant financial year, with the opening NAV for each reporting period being the higher of (i) 5.86 pence per share (the highest annual audited NAV per share since the Company adopted its current investment policy and reported NAV per share in September 2019)), and (ii) the highest NAV per share reported at a Closing Date for the previous reporting periods during the term of the agreement (establishing a rolling high-watermark for Shellbay to qualify for such fee). Any increase in NAV per share will then be applied to the total issued share capital at the end of the relevant period for the purposes of determining the 15% fee. Any change in NAV per share that arises from funds raised at a premium or discount to the existing NAV per share will therefore be considered for the purposes of calculating Shellbay's fee by reference to the annual audited accounts (for clarity being an increase in respect of a premium and a decrease in respect of a discount).

At the election of the Company, the Shellbay fee shall be payable either in whole or in part by the issue of new shares at a price equal to the mid-price on the last day of the relevant Qualifying Period (being the Company's accounting year from 1 July to 30 June) or grant of nil price warrants over shares; or in cash; or (with the agreement of Shellbay), in cash-equivalents (such as shares), and other assets held by the Company. No fees were payable or accrued for the current period (31 December 2024: £nil). See note 8 for further details.

4 Other operating costs

31 December 2025

(unaudited)

£

31 December 2024

(unaudited)

£

Auditors' remuneration

34,333

33,000

Insurance

23,923

24,781

Professional fees

154,076

150,804

Sundry expenses

414,650

398,995

Total other costs

626,982

607,580

The Company has no employee's other than the Directors.

5 Basic and diluted profit per share

The calculation of the basic earnings per share is based on the earnings attributable to ordinary shareholders divided by the weighted average number of shares in issue during the period.

The calculation of diluted earnings per share is based on the basic earnings per share, adjusted to allow for the issue of shares, on the assumed conversion of all dilutive share options. As at 31 December 2025, there are no dilutive instruments outstanding.

31 December 2025
(unaudited)
£

31 December 2024
(unaudited)
£

Profit/(loss) for the period

10,012,754

(6,555,201

)

No.

Weighted average number of ordinary shares in issue

1,010,128,367

1,009,412,298

Basic profit/(loss) per share (pence)

0.991

(0.649

)

6 Financial assets at fair value through profit or loss

A wholly owned subsidiary entity of the Company, Agronomics Investment Holdings Limited ("the Subsidiary" or "AIHL"), holds the majority of the portfolio of unquoted investments. Unquoted investments were transferred by the Company into AIHL at their respective carrying amounts. The investment in subsidiary is stated at fair value through profit or loss in accordance with the IFRS 10 Investment Entity Consolidation Exception. The fair value of the investment in Subsidiary is based on the period-end net asset value of the Subsidiary. Additions and disposals regarding the investment in subsidiary are recognised on trade date.

31 December 2025

30 June 2025

(unaudited)

£

(audited)

£

Quoted

12,330

21,464

Unquoted

449,759

15,304,733

Investment in subsidiary

137,492,765

105,683,744

137,954,854

121,009,941

The composition of the investments held, both directly and indirectly through the Subsidiary in the underlying portfolio, is as follows:

31 December 2025

30 June 2025

(unaudited)

£

(audited)

£

Equities

137,351,886

105,598,499

Convertible loan notes and SAFEs*

602,968

15,411,442

137,954,854

121,009,941

* A SAFE is a Simple Agreement for Future Equity. SAFE Agreements have similar characteristics to Convertible Loans and are designed to provide an early investor with an "edge" ahead of a larger planned funding. The edge is typically conversion of funds advanced for new equity at a discount to the subsequent raise.

7 Trade and other payables

31 December 2025

30 June 2025

(unaudited)

£

(audited)

£

Provision for audit fee

23,989

57,804

Trade creditors

210,678

89,797

234,667

147,601

During the period, the cash portion of the fee due to Shellbay was settled in full. See note 8.

8 Related party transactions

Under an agreement dated 1 December 2011, Burnbrae Limited, a company related to both Jim Mellon and Denham Eke, provide certain services, principally accounting and administration, to the Company. This agreement may be terminated by either party on three months' notice. The Company incurred a total cost of £15,000 (period ended 31 December 2024: £15,000) during the period under this agreement of which £3,078 was outstanding as at the period end (30 June 2025: £Nil).

Under an updated agreement dated May 2021, Shellbay Investments Limited, a Company related to both Jim Mellon and Denham Eke, provides certain services to the Company (see note 3). The charge for services provided during the period was £Nil (31 December 2024: £Nil). Under the terms of the agreement, Shellbay is entitled to recharges its day-to-day operating costs. During the six-month period, the Company was recharged costs of £296,742 (31 December 2024: £296,808) from Shellbay.

In accordance with the Company's published investment strategy, Jim Mellon may co-invest alongside the Company in certain investments and, accordingly, he has direct and indirect interests in other investments held by the Company.

9 Commitments and contingent liabilities

There are no known commitments or contingent liabilities as at the period end.

10 Events after the reporting date

There were no post balance events that require disclosure.

END

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.

SOURCE: Agronomics Limited

17th February 2026 | SAINT HELIER, Jersey | CoinShares International Limited (“CoinShares'', “the Company” or “the Group”) (Nasdaq Stockholm: CS; US OTCQX: CNSRF), a global asset manager specialising in digital assets, has today published an update for the quarter ending 31st December 2025.

Cash and cash equivalents at €99.3 million, and €131.6 million in short-term deposits2 as of December 31, 2025Revenues of €4.5 million in 2025Completed a U.S. registered public offering for gross proceeds of approximately $172.5 million (€149 million3)Cash runway expected until the middle of the first quarter of 20274
Daix (France), New York City (New York, United States), February 17, 2026 – Inventiva (Euronext Paris and Nasdaq: IVA) ("Inventiva" or the "Company"), a clinical-stage biopharmaceutical company focused on the development of oral therapies for the treatment of metabolic dysfunction-associated steatohepatitis ("MASH"), today reported its certain preliminary unaudited financial results for the full year ending December 31, 2025, including cash, cash equivalents, and revenues.

Cash and cash equivalents

As of December 31, 2025, the Company's cash and cash equivalents amounted to €99.3 million and its short-term deposits2 to €131.6 million, compared to cash and cash equivalents of €96.6 million as of December 31, 2024.

Net cash used in operating activities amounted to (€104.6) million in 2025, compared to (€85.9) million in 2024, representing an increase of 22%. R&D expenses, mainly related to the development of lanifibranor in MASH, amounted to €86.9 million in 2025, down 4% from €90.9 million in 2024. The increase in net cash used in operating activities is mainly related to the net cash impact of the strategic pipeline prioritization plan for the Company's activities implemented in the first half of 2025, lower revenues under the licensing agreement with Chia Tai Tianqing Pharmaceutical Group Co., Ltd. (“CTTQ”), and an increase in general and administrative expenses.

Net cash used in investing activities amounted to (€133.2) million in 2025, mainly related to the subscription of new short-term deposits2 during the period, compared with €8.7 million generated in 2024.

Net cash generated by financing activities amounted to €241.1 million in 2025, compared to €145.6 million in 2024. This positive cash flow is mainly due to the receipt of (i) gross proceeds of €115.6 million (net proceeds of €108.0 million) from the second tranche5 in May 2025 of the structured financing announced by the Company in October 2024 (the “Structured Financing”), and (ii) gross proceeds of $172.5 million (net proceeds of €139.3 million) from the public offering in the United States in November 2025.

In 2025, the Company recorded a negative exchange rate effect on cash and cash equivalents of (€0.5) million, compared to a positive effect of €1.2 million in 2024, due to changes in the EUR/USD exchange rate.

Given its current cost structure and projected expenses, the Company estimates that its cash, cash equivalents, and short-term deposits, should enable it to finance its operations until the middle of the first quarter of 2027. Assuming the potential exercise in full of the Tranche 3 warrants issued in the Structured Financing for proceeds of up to €116.0 million, the Company estimates that such potential additional proceeds would enable it to finance its activities until the middle of the third quarter of 20276.

Revenues

The Company's revenues in 2025 amounted to €4.5 million, compared to €9.2 million generated in 2024.

Revenues recorded by the Company in 2025 consist mainly of the $10 million gross proceeds (net proceeds of €8.6 million) milestone payment invoiced to CTTQ and the $5 million (€4.3 million) credit notes recognized under the license agreement with CTTQ following the closing of the second tranche of the Structured Financing in May 2025. The milestone payment from CTTQ was received in July 2025.

***                                               

Next financial results publication

Financial audited results for the full fiscal year 2025: March 30, 2026 (after U.S. market close). About Inventiva

Inventiva is a clinical-stage biopharmaceutical company focused on the research and development of oral small molecule therapies for the treatment of patients with MASH. The Company is currently evaluating lanifibranor, a novel pan-PPAR agonist, in the NATiV3 pivotal Phase 3 clinical trial for the treatment of adult patients with MASH, a common and progressive chronic liver disease.

Inventiva is a public company listed on compartment B of the regulated market of Euronext Paris (ticker: IVA, ISIN: FR0013233012) and on the Nasdaq Global Market in the United States (ticker: IVA). http://www.inventivapharma.com   

Contacts

 Avertissement

This press release contains “forward-looking statements” within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, included in this press release are forward-looking statements. These statements include, but are not limited to, preliminary unaudited financial information, forecasts and estimates regarding Inventiva's cash resources and expenses, the potential exercise by investors of warrants and pre-funded warrants, including warrants and pre-funded warrants issued in connection with the Structured Financing, forecasts and estimates with respect to Inventiva’s NATiV3 Phase 3 clinical trial with lanifibranor in patients with MASH, including design, duration, timing, costs, and funding, clinical trial data releases and publications, the information, insights and impacts that may be gathered from clinical trials, the potential therapeutic benefits of lanifibranor, potential regulatory submissions, approvals and commercialization, Inventiva’s pipeline and development plans, and Inventiva's future activities, expectations, plans, growth and prospects. Some of these statements, forecasts, and estimates may be identified by the use of words such as, without limitation, “believe,” “anticipate,” “expect,” “intend,” “plan,” “seek,” “estimate,” “may,” “will,” “could,” “should,” “designed,” “hope,” “target,” “potential,” “opportunity,” “possible,” “aim,” and “continue” and other similar expressions. These statements are not historical facts, but rather statements of future expectations and other forward-looking statements based on management's beliefs. These statements reflect the opinions and assumptions prevailing as of the date of the statements and involve known and unknown risks and uncertainties that could cause future results, performance, or events to differ materially from those expressed or implied in such statements. Actual events are difficult to predict and may depend on factors beyond Inventiva's control. There can be no guarantee, with respect to product candidates, that clinical trial results will be available on schedule, that future clinical trials will be initiated as planned, that product candidates will receive the necessary regulatory approvals, or that the milestones planned by Inventiva or its partners will be achieved on schedule, or even at all. Future results may differ materially from the anticipated future results, performance, or achievements expressed or implied by these statements, forecasts, and estimates due to a number of factors, including  the completion of financial closing procedures, final audit adjustments and other developments that may arise that could cause the preliminary financial results for 2025 to differ from the financial results that will be reflected in Inventiva’s audited consolidated financial statements for the fiscal year ended December 31, 2025,  the fact that interim data or data from any interim analysis of ongoing clinical trials do not predict the future results of clinical trials, the fact that the DMC's recommendation does not prejudge any eventual marketing authorization, that Inventiva cannot provide assurance on the impacts of the Suspected Unexpected Serious Adverse Reaction (SUSAR) on recruitment or the final impact on the results or timing of the NATiV3 trial or related regulatory issues, Inventiva is a clinical-stage company with no approved products and no historical revenue, Inventiva has incurred significant losses since its inception, Inventiva has never generated revenue from product sales, Inventiva will need additional capital to fund its operations, without which Inventiva may be required to significantly reduce its activities, delay or discontinue one or more of its research or development programs, expand its activities or capitalize on its business opportunities, and may not be able to continue as a going concern. Inventiva's ability to obtain financing and complete potential transactions on a timely basis, as well as whether, when, and to what extent dilutive instruments may be exercised and by which holders, Inventiva's future success depends on the successful clinical development, regulatory approvals, and subsequent commercialization of lanifibranor, preclinical studies or previous clinical trials are not necessarily predictive of future results, and the results of Inventiva's and its partners' clinical trials may not support Inventiva's and its partners' claims regarding product candidates, Inventiva's expectations regarding its clinical trials may prove to be incorrect, and regulatory authorities may require additional stops and/or modifications to Inventiva's clinical trials. Inventiva's expectations regarding the clinical development plan for lanifibranor for the treatment of MASH may not be realized and may not support the approval of a New Drug Application, Inventiva's ability to identify other products or product candidates with significant commercial potential, Inventiva's expectations regarding its strategic reorganization plan and the resulting reduction in headcount, including the potential benefits, expenses, and consequences thereof, Inventiva's ability to implement its commercialization, marketing, and manufacturing capabilities and strategy, Inventiva's ability to successfully cooperate with its existing partners or enter into new partnerships, and to fulfill its obligations under any agreements entered into in connection with such partnerships, the benefits of its current and future partnerships on the clinical development, regulatory approvals, and, if applicable, commercialization of its product candidates, as well as the achievement of milestones and timelines anticipated in connection with such partnerships, Inventiva and its partners may encounter substantial delays beyond expectations in their clinical trials or fail to demonstrate safety and efficacy to the satisfaction of the applicable regulatory authorities, the ability of Inventiva and its partners to recruit and retain patients in clinical studies, the recruitment and retention of patients in clinical trials is a costly and time-consuming process that could be made more difficult or impossible by multiple factors beyond the control of Inventiva and its partners, Inventiva's product candidates may cause adverse reactions or have other properties that could delay or prevent their regulatory approval, or limit their commercial potential, Inventiva faces significant competition, and Inventiva's activities, preclinical studies, and clinical development programs, as well as timelines, Inventiva's financial condition and results of operations could be materially and adversely affected by changes in laws and regulations, adverse conditions in its industry, geopolitical events, such as the conflict between Russia and Ukraine and the resulting sanctions, the conflict in the Middle East and the related risk of a wider conflict, epidemics, and macroeconomic conditions, including changes in international trade policies, global inflation, fluctuations in financial and credit markets, customs duties and other trade barriers, political unrest and natural disasters, uncertain financial markets, and disruptions in banking systems. In light of these risks and uncertainties, no representation is made as to the accuracy or completeness of these forward-looking statements, forecasts, and estimates. Furthermore, forward-looking statements, forecasts, and estimates are only valid as of the date of this press release. Readers are cautioned not to place undue reliance on these forward-looking statements.

Please refer to the Universal Registration Document for the fiscal year ended December 31, 2024, filed with the Autorité des Marchés Financiers on April 15, 2025, the semi-annual financial report as of June 30, 2025, published on September 29, 2025, and the Annual Report on Form 20-F  for the fiscal year ended December 31, 2024 filed with the Securities and Exchange Commission (the “SEC”) on April 15, 2025 for other risks and uncertainties affecting Inventiva, including those described under the heading “Risk Factors,” and in future filings with the SEC. Other risks and uncertainties that Inventiva is not currently aware of may also affect its forward-looking statements and may cause actual results and timing of events to differ materially from those anticipated. All information contained in this press release is current as of the date of this release. Except as required by law, Inventiva has no intention or obligation to update or revise the forward-looking statements mentioned above. Therefore, Inventiva accepts no responsibility for the consequences arising from the use of any of the above statements.

1 Preliminary non audited financial information.
2 Short-term deposits were classified as “other current assets” in the consolidated statement of financial position in accordance with IFRS and were considered by the Company to be liquid and readily available.
3 Based on the exchange rate of €1.00 = $1.1576 as published by the European Central Bank on November 12, 2025. See press release of November 17, 2025. 
4 This estimate is based on the Company's current business plan and excludes potential milestone payments to be paid or received by the Company, any potential additional proceeds from the exercise of Tranche 3 share purchase warrants issued as part of the Structured Financing, as well as any additional expenses related to other product candidates or resulting from the licensing or acquisition of additional product candidates or technologies, or any related developments that the Company may pursue. The Company may have based this estimate on incorrect assumptions and may end up using its resources more quickly than anticipated.
5 Press release 5 May 2025
6 These estimates are based on the Company's current business plan and exclude any milestone payments that may be made by or to the Company, as well as any additional expenses related to other product candidates or resulting from a potential license agreement or acquisition of additional product candidates or technologies, or any associated development that the Company may pursue. The Company may have based these estimates on assumptions that are incorrect, and the Company may end up using its resources more quickly than anticipated. There is no guarantee that the warrants in Tranche 3 will be exercised, if at all.

Inventiva - PR - Preliminary FY 2025 - EN - 02 17 2026

Union Jack Oil PLC told investors that a key regulatory hurdle has been cleared at the West Newton gas development in East Yorkshire after operator Rathlin received an Environment Agency permit variation to enable reservoir stimulation in the WNA-2 well.

The company said the variation applies to the West Newton ‘A’ well site and is subject to certain pre-operational conditions. The planned recompletion is designed to address wellbore damage sustained during earlier drilling operations.

Union Jack described the work as a low-cost, low-risk step that should further de-risk the subsurface case while gathering data to help optimise future production wells. It also positioned the milestone as strengthening progress toward eventual development and production at West Newton. It holds a 16% interest in the project.

Boohoo Group PLC is preparing to raise about £35 million from shareholders as it seeks to cut debt and give itself more breathing space.

The online fashion retailer, now operating as Debenhams Group, said the planned equity fundraise, priced at 20p a share compared to the last close at 22.5p, will create additional liquidity and deliver what it called the “optimal capital structure”.

It expects its ratio of net debt to underlying earnings (adjusted EBITDA) will be around 2x in the 2027 financial year, with a target of less than 1x by the end of that year. 

The board is also in advanced talks with its lending syndicate to amend loan covenants and improve flexibility. Any revised terms would depend on the fundraising being completed.

Chief executive Dan Finley, founder Mahmud Kamani and director Iain McDonald intend to participate in the fundraise.

With all brands now trading profitably on an adjusted EBITDA basis, the board also backed the current outlook for £50 million of adjusted EBITDA in the financial year to 28 February 2026 and expects double-digit growth in the 2027 financial year.

Directors also remain confident in the company's turnaround and shift to a more asset-light model.

Fixed costs have been cut to a £130 million exit rate, down from £175 million. Lease costs are forecast to fall from £17 million in the 2026 financial year to around £13 million in the 2027 financial year. Capital spending is expected to halve to about £8 million.

Bitcoin Liquidation Imbalance Signals Potential Short Squeeze and Upside BreakoutData from Coin Bureau shows a pronounced liquidation imbalance in Bitcoin positioning. A 10% BTC rally could wipe out roughly $4.34 billion in short positions, compared to about $2.35 billion in long liquidations if price drops 10%.

Therefore, the takeaway is clear that there’s more trapped liquidity on the short side. If momentum turns bullish, forced short liquidations could accelerate price gains, creating a potential squeeze that amplifies upward moves.

The imbalance signals that bearish positions are getting crowded, a setup that often precedes sharp reversals. When too many leveraged traders pile onto the same downside bet, even a modest price uptick can trigger forced exits. 

If bullish momentum builds, cascading short liquidations could fuel a squeeze, accelerating Bitcoin’s rally as forced buying compounds upward pressure. Meanwhile, the return of spot Bitcoin ETF inflows adds a fresh layer of demand to the market.

Nevertheless, skepticism still dominates this market despite Bitcoin’s resilience. After repeated volatility cycles, many traders try to call local tops with leverage, but when positioning becomes too one-sided, price often punishes the majority. 

That’s why liquidation data matters because it exposes hidden pressure points beneath the surface of the charts.

Now, on-chain metrics are signaling growing strain, while institutional flows and macro cues are adding another layer of pressure, setting the stage for a potentially decisive move.

Bitcoin at a Leverage Crossroads: Volatility Brewing Near Key LevelsPrice context is key. Data from CoinCodex shows Bitcoin trading around $68,395, close to major psychological levels that often shape trader behavior. 

Source: CoinCodexAt these zones, even modest inflows or positive catalysts, such as ETF demand, macro tailwinds, or clearer regulation, can quickly accelerate momentum and pressure over-leveraged positions.

A liquidation imbalance doesn’t predict direction, it flags risk. It highlights where volatility may spike once price moves with force. Think of it as a reaction map, not a crystal ball.

Right now, Bitcoin sits at a leverage inflection point. A strong bullish push could squeeze crowded shorts and accelerate upside. Without that conviction, price may stay choppy as leverage resets. 

Notably, in crypto, leverage magnifies every move, especially the unexpected.

ConclusionBitcoin’s liquidation landscape is signaling heightened volatility. Over-leveraged bearish positions set the stage for a potential short squeeze, which could catapult BTC well above current levels if bullish momentum picks up. 

Therefore, these levels should be watched closely, as leverage-driven moves can amplify small market shifts into major swings, making this a pivotal moment to stay alert.

Ethereum co-founder Vitalik Buterin has pushed back against what he describes as “pretend neutrality” in the corporate world, arguing that while decentralized protocols must remain neutral, the individuals building on top of them should not shy away from expressing strong cultural and political views.

In a detailed post, Buterin emphasized that no one needs to agree with his personal opinions to use Ethereum. Users do not have to share his stance on decentralized finance, privacy-preserving payments, AI, politics, or even lifestyle preferences, including his remark that Berlin has the best food in Europe or that suits and ties should be “expunged” from culture. Ethereum, he stressed, is a decentralized and permissionless protocol, and he does not represent the entire ecosystem.

“The whole concept of permissionlessness and censorship resistance,” Buterin argued, “is that you are free to use Ethereum without caring what I think.”

The “Grand Bargain” of Free SpeechAt the same time, Buterin drew a clear line between protocol neutrality and personal expression. While Ethereum as infrastructure must remain open to all, developers and community members are equally free to criticize applications or ideas they disagree with.

If he calls an application “corposlop,” Buterin said, that is not censorship but free speech. The inability to shut others down is balanced by the freedom to voice criticism. In his view, this open exchange of ideas is necessary for a healthy ecosystem.

Buterin criticized what he sees as sanitized corporate neutrality, individuals presenting themselves as universally agreeable while avoiding clear principles. True neutrality, he said, belongs to protocols like HTTP, Bitcoin, or Ethereum. People, by contrast, should have the courage to state their values openly and build toward them.

Beyond Code: Values Shape EcosystemsVitalik Buterin’s remarks sparked immediate debate across Crypto Twitter, with analysts and builders questioning whether calling certain apps “corposlop” contradicts Ethereum’s ethos of neutrality. 

X community Open4profit argued that labeling projects this way suggests “invisible borders” on a supposedly permissionless network. X user Mike McDonald shifted the conversation toward stablecoins, asking whether any would meet Buterin’s standards. 

In response, Buterin pointed to RAI as an example of a non-corporate, ETH-backed stable design, while acknowledging ongoing challenges around oracle robustness and competition with ETH staking. He also noted that some issuer-backed stablecoins have improved fund-freezing safeguards through multi-party legal structures. 

The exchange highlights a broader split among analysts. Some believe Ethereum must critically examine centralized elements like fiat-backed stablecoins, while others argue that pragmatic adoption often outweighs ideological purity.

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