On the 11th of February, Ethereum [ETH] developers and researchers will gather for the first L1-zkEVM workshop. This event may preview a future where validating Ethereum blocks becomes faster, lighter, and more accessible.
The roadmap: L1-zkEVM and EIP-8025 This initiative falls under Ethereum’s 2026 L1-zkEVM roadmap. Its core feature, EIP-8025 (also known as Optional Execution Proofs) introduces a new validation pathway.
Instead of requiring every validator to re-run (or “re-execute”) all transactions inside a block, the system will allow specialized participants, called zkAttesters, to verify blocks using zero-knowledge (ZK) proofs.
Importantly, the upgrade is optional. Nodes that do not adopt it will continue operating exactly as they do today.
Why does this matter? Currently, Ethereum validators must re-execute every transaction in every block to confirm correctness. As network activity grows, this becomes resource-intensive.
Source: X
ZK proofs change that dynamic. Instead of repeating all computations, validators can check a cryptographic proof that confirms the block’s validity. Verification becomes dramatically faster and lighter on hardware.
Lower storage, bandwidth, and computing requirements could make running a fully validating node possible on consumer-grade laptops again.
If participation becomes cheaper and more accessible, solo stakers and home validators can remain competitive, even as gas limits and output increase.
Security, architecture, and the bigger picture With the EIP-8025, blocks would only be accepted once multiple independent proofs (currently proposed as three out of five) are verified. This saves client diversity and reduces reliance on any single implementation.
The statement read,
The work is split across six sub-themes: execution witness and guest program standardisation, zkVM-guest API standardisation, CL integration, prover infrastructure, benchmarking and metrics, and security with formal verification.
Beyond L1, the move could standardize execution witnesses and zkVM interfaces. This would benefit rollups and proof infrastructure providers already working on Ethereum block proofs.
Final Thoughts EIP-8025 could make Ethereum block validation faster and light enough to run on laptops again. Ethereum will effectively improve security while scaling its base layer.
2026-02-11 09:121mo ago
2026-02-11 04:001mo ago
These Three Catalysts Could Spark Bitcoin's Next Rally, According To Wintermute
Crypto market maker Wintermute published a detailed market update on Tuesday via X (previously Twitter), offering a comprehensive breakdown of Bitcoin’s (BTC) recent collapse, who was behind the selling pressure, and what conditions must change for a meaningful recovery to take hold.
Wintermute Details Brutal Bitcoin Crash The firm described the past week as exceptionally severe for Bitcoin. Prices fell below $80,000 for the first time since April 2025 and continued sliding to around $60,000 before stabilizing in the low $70,000 range by the weekend.
According to Wintermute, the decline erased all of Bitcoin’s gains that followed Donald Trump’s election victory in November 2024, accompanied by widespread liquidations.
More than $2.7 billion in leveraged positions were wiped out as months of range‑bound trading encouraged excessive leverage that ultimately unraveled.
Wintermute also pointed to the growing influence of Bitcoin exchange‑traded funds (ETFs) on price action, noting that BlackRock’s IBIT ETF alone saw more than $10 billion in notional trading volume on Thursday.
Wintermute identified three major catalysts that struck the market at the same time. The first was the January 30 nomination of Kevin Warsh as Federal Reserve (Fed) Chair, which altered expectations around monetary policy.
The second was a wave of disappointing earnings from large technology firms, highlighted by Microsoft shares dropping 10%. The third was a dramatic reversal in precious metals, where silver plunged 40% in just three days after briefly reaching $121.
The Key Conditions For BTC’s Next Recovery Data from spot markets suggest that selling pressure was structural rather than isolated. The Coinbase premium remained in negative territory throughout the decline, a pattern that has persisted since December and signals sustained selling by US investors.
Wintermute said its internal over‑the‑counter (OTC) flow data confirmed that US counterparties were heavy sellers throughout the week, a trend that was reinforced by ongoing ETF redemptions.
Institutional demand, which had supported prices earlier in the cycle, has largely faded. Since November, spot Bitcoin ETFs have recorded approximately $6.2 billion in cumulative net outflows, representing the longest continuous stretch of redemptions since these products launched.
Wintermute explained that when ETF sponsors are forced to sell spot Bitcoin into falling markets, it creates a negative feedback loop that amplifies downside pressure.
The firm also highlighted growing fragility in derivatives markets. IBIT and Deribit together now account for half of the crypto options market. Wintermute said the sharp sell‑off reflected investor complacency after periods of low volatility and sideways trading, which left positioning vulnerable once prices began to move.
Beyond crypto‑specific factors, Wintermute argued that the broader investment landscape has been dominated by artificial intelligence. The firm pointed to a viral chart showing Bitcoin’s performance closely mirroring software stocks in the S&P 500.
According to Wintermute, the more important takeaway is that AI has been absorbing a disproportionate share of global capital, often at the expense of other asset classes, including crypto.
Looking ahead, Wintermute expects a period of uneven and volatile price discovery. The firm said it is difficult to envision a sustained rally unless several conditions align: the Coinbase premium turning positive, ETF flows reversing back into inflows, and basis rates in derivatives markets stabilizing.
The daily chart shows BTC’s price consolidating at $69,000. Source: BTCUSDT on TradingView.com Featured image from OpenArt, chart from TradingView.com
2026-02-11 09:121mo ago
2026-02-11 04:051mo ago
XRP Community Day Connects Users Across Continents
While bitcoin and Ethereum make headlines with their ETFs, Ripple chooses the right moment to assert itself with XRP. From February 11 to 12, the company is hosting the XRP Community Day 2026, a global digital event dedicated to its native asset and innovations of the XRP Ledger. This initiative occurs within a context of growing institutional interest, driven by massive flows into XRP ETFs. For Ripple, it is more than a community meeting: it is a strategic demonstration on a global scale.
In Brief Ripple is hosting the XRP Community Day 2026 on February 11 and 12, a global digital event. The event takes place on X Spaces, with sessions dedicated to the EMEA, Americas, and APAC regions. Discussions will focus on regulated products, DeFi on XRPL, wrapped XRP, and technical innovations. Meanwhile, XRP ETFs record over $1.2 billion in inflows, signaling strong institutional interest. A global community mobilized around XRP The XRP Community Day will allow Ripple to strengthen its ties with its global base of users and investors. The event, which will be held via X Spaces, will be structured around separate sessions for the EMEA, Americas, and APAC regions.
Brad Garlinghouse, CEO of Ripple, stated : “we have come a long way to make XRP a truly useful asset, and this year marks a turning point”. Monica Long, President of Ripple, for her part emphasized: “our goal is to connect traditional markets with blockchain innovations”. Through these statements, Ripple sought to consolidate its position between open technology and regulated finance.
The program will cover several strategic areas reflecting the company’s and community’s current priorities :
Regulated products using XRP, such as ETPs and ETFs ; Emerging DeFi projects built on the XRP Ledger ; Expansion of wrapped XRP usage on other blockchains ; Technical developments of the XRPL, notably its integration into use cases. David Schwartz, Ripple’s outgoing CTO, also reminds us that “the XRP Ledger remains an architecture designed to last, adaptable to today’s and tomorrow’s needs”. Without spectacular announcements, Ripple will capitalize on this sequence to showcase its technical choices, engage with its base, and strengthen its position in the crypto-institutional space.
The Rise of XRP ETFs Changes the Game Alongside the event, inflows into XRP ETFs have continued to grow, reinforcing the belief in a repositioning of the asset among institutional investors. Thus, ETFs based on XRP have recorded over $1.2 billion in net inflows, confirming a stable upward trend.
On February 10 alone, an additional $6.31 million was injected into these products, while the market remained generally cautious. In this context, several analysts mention the potential breaking of the symbolic $2 threshold for XRP, a level not approached for several bullish cycles.
This momentum also seems fueled by speculation about the potential arrival of new ETFs issued by major asset managers. Even though no official announcement has been made on this, rumors about BlackRock are fueling anticipation among investors.
The convergence between structured product, community engagement, and regulatory credibility opens up new possibilities for Ripple. By anticipating growing demand for regulated XRP exposure, Ripple could accelerate the integration of its technologies into traditional financial markets.
The XRP Community Day 2026 reflects Ripple’s ambition to unite technology and regulated finance. As institutional investments accelerate, the price of XRP finds itself at the heart of speculation. This intersection of community engagement and massive inflows places the asset in a strategic position on the global crypto chessboard.
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Luc Jose A.
Diplômé de Sciences Po Toulouse et titulaire d'une certification consultant blockchain délivrée par Alyra, j'ai rejoint l'aventure Cointribune en 2019. Convaincu du potentiel de la blockchain pour transformer de nombreux secteurs de l'économie, j'ai pris l'engagement de sensibiliser et d'informer le grand public sur cet écosystème en constante évolution. Mon objectif est de permettre à chacun de mieux comprendre la blockchain et de saisir les opportunités qu'elle offre. Je m'efforce chaque jour de fournir une analyse objective de l'actualité, de décrypter les tendances du marché, de relayer les dernières innovations technologiques et de mettre en perspective les enjeux économiques et sociétaux de cette révolution en marche.
DISCLAIMER
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
2026-02-11 09:121mo ago
2026-02-11 04:091mo ago
Spot Bitcoin ETFs add $167M, nearly erase last week's outflows
US spot Bitcoin exchange-traded funds (ETFs) extended their inflow streak to three sessions, with this week’s gains nearly offsetting last week’s outflows.
Spot Bitcoin (BTC) ETFs recorded $166.6 million in inflows on Tuesday, bringing total inflows this week to $311.6 million, according to data from SoSoValue.
Last week, the funds saw net outflows of $318 million, marking three consecutive weeks of losses totaling more than $3 billion.
Weekly flows in US spot Bitcoin ETFs in 2026. Source: SoSoValueBitcoin ETF momentum has picked up in recent sessions, despite BTC price declining around 13% over the past seven days, with the price briefly slipping below $68,000 on Tuesday, according to CoinGecko.
Earlier this week, analysts observed signs of a potential trend shift across crypto exchange-traded products, noting a slowdown in the pace of selling.
Goldman trims Bitcoin ETF exposure, adds XRP and Solana ETFsUS investment bank Goldman Sachs reported yesterday that it trimmed its Bitcoin ETF exposure in the fourth quarter of 2025, according to a Form 13F filing with the Securities and Exchange Commission.
The bank specifically reduced holdings in BlackRock’s iShares Bitcoin Trust ETF (IBIT), cutting shares outstanding by 39% from nearly 70 million in Q3 to 40.6 million in Q4, worth around $2 billion.
Goldman Sachs’ holdings of iShares Bitcoin Trust ETF (IBIT) in Q4 2025. Source: SECIt also decreased stakes in other Bitcoin funds and companies, including Fidelity Wise Origin Bitcoin (FBTC) and Bitcoin Depot, and reduced its Ether (ETH) ETF positions.
At the same time, Goldman Sachs disclosed its first-ever positions in XRP (XRP) and Solana (SOL) ETFs, acquiring 6.95 million shares of XRP ETFs, worth $152 million, and 8.24 million shares of Solana ETFs, valued at $104 million.
According to SoSoValue data, spot altcoin ETFs saw modest inflows yesterday, with Ether funds adding around $14 million, while XRP and Solana ETFs gained $3.3 million and $8.4 million, respectively.
On Thursday, Eric Balchunas, senior ETF analyst at Bloomberg, noted that the majority of Bitcoin ETF investors had held their positions despite the recent downturn, estimating that only about 6% of total assets exited the funds even as Bitcoin prices fell sharply.
He added that, although BlackRock’s IBIT saw its assets drop to $60 billion from a peak of $100 billion, the fund could remain at this level for years while still holding the record as the “all-time-fastest ETF to reach $60 billion.”
Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently. Read our Editorial Policy https://cointelegraph.com/editorial-policy
2026-02-11 08:121mo ago
2026-02-11 02:091mo ago
Top Wall Street Forecasters Revamp Unity Software Expectations Ahead Of Q4 Earnings
Trading activity on the Tradeweb European-listed ETF marketplace amounted to EUR 86.3 billion in January, the platform's second-best performance since its launch in October 2012. Both European equity and fixed income ETFs saw net buying during the month. In contrast, ‘sells' in commodity-based products surpassed ‘buys' by 30 percentage points. Total consolidated U.S. ETF notional value traded in January reached USD 95.4 billion.
2026-02-11 08:121mo ago
2026-02-11 02:151mo ago
Taiwan Semiconductor Manufacturing (TSM) CEO C.C. Wei Just Delivered Fantastic News for Nvidia Investors
The world's most advanced chip foundry just provided the most convincing evidence to date that AI implementation is ongoing.
Since generative artificial intelligence (AI) burst onto the scene roughly three years ago, Nvidia (NVDA 0.79%) stock has been in the limelight. The company is the leading supplier of graphics processing units (GPUs), the advanced computer chips that underpin the technology. The unprecedented demand for its high-end processors fueled blistering revenue and profit growth, making it the world's most valuable company, with a market cap of $4.6 trillion. Many experts believe AI adoption is just beginning.
However, some are wary of the fading buzz and uneven adoption, and are looking for confirmation that AI growth will continue. Given its epic three-year run, it's easy to see why some investors have grown hesitant.
Taiwan Semiconductor Manufacturing (TSM +1.85%), commonly known as TSMC, just provided the most convincing proof yet that demand for AI remains robust.
Image source: Nvidia.
Record monthly sales TSMC has earned bragging rights as the world's most advanced chip foundry, resulting in its billing as the world's largest contract chipmaker. It controls roughly 71% of the global chip market and manufactures more than 90% of the most advanced semiconductors, making it a closely watched bellwether for AI demand.
When CEO C.C. Wei released the company's monthly sales figures, investors were taken aback. In January, TSMC delivered net revenue of NT$401.26 billion (roughly $12.7 billion), which jumped 37% year over year and was a 20% increase from December. This marked the highest monthly sales in TSMC's history, as demand for advanced processors kicked into overdrive.
TSMC provides the most advanced chips for AI, high-performance computing (HPC), and smartphones, so it has its finger on the pulse of tech industry demand. While the results are undoubtedly positive for TSMC investors, they also have broader implications.
Today's Change
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Connecting the dots Most AI processing takes place in data centers, which is Nvidia's home turf. The company holds a dominate 92% of the data center GPU market, according to IoT Analytics. The unparalleled demand for its chips makes Nvidia one of TSMC's most important clients. Moreover, while Apple has long been TSMC's largest customer in terms of sales, recent reports suggest that Nvidia is poised to take the crown from Apple sometime in 2026.
Taking a step back, TSMC's results suggest strong ongoing demand for AI-centric chips and, by extension, strong demand for Nvidia's GPUs.
The tech industry is embracing AI, fueled by strong demand from customers. This is driving a data center boom, with spending of $3 trillion to $4 trillion expected by 2030. GPUs are the single biggest cost driver of data center spending, accounting for roughly 39% of total costs. As the leading provider of data center GPUs, Nvidia will likely be the beneficiary of a significant portion of that spending.
The company is scheduled to report the results of its fiscal 2026 fourth quarter (ended Jan. 26), and anticipation is high. Nvidia is guiding for year-over-year revenue growth of 65%, which would mark an acceleration from the 62% growth in Q3.
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Is Nvidia stock a buy? For investors, there's clear upside. Nvidia is one of the most highly rated stocks on Wall Street. Of the 63 analysts who offered an opinion in February, 94% rate it a buy or strong buy. Furthermore, an average price target of $254 implies potential upside of 33% from Monday's closing price.
Evercore ISI analyst Mark Lipacis is more bullish than his Wall Street peers, with a $352 price target on Nvidia, or potential upside of 85%. The analyst calls Nvidia the "Top Pick" for 2026, thanks to the "tectonic shift to parallel processing."
Nvidia stock has gained 746% over the past three years (as of this writing), driven higher by blistering demand for AI. Despite that significant run-up, the stock is still surprisingly affordable at less than 25 times forward earnings.
Given Nvidia's significant market share, strong demand -- as evidenced by TSMC's robust results -- and a stellar rating from Wall Street, I'd argue the company is well-positioned to continue benefiting from the accelerating adoption of AI.
2026-02-11 08:121mo ago
2026-02-11 02:161mo ago
InPlay Oil: Production Gains Create A 15% Free Cash Flow Yield With Upside
Analyst’s Disclosure: I/we have a beneficial long position in the shares of DALXF either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
2026-02-11 08:121mo ago
2026-02-11 02:191mo ago
Priority Technology: Tails I Win, Heads I Still Win
SummaryPriority Technology shares plunged 30% after Q3/2025 earnings missed expectations and full-year revenue guidance was cut by 2%-4%.CEO Thomas Priore proposed taking PRTH private at $6.00–$6.15/share, a 23–26% premium to the last close but below the last 10-day average closing price of $6.59.Major shareholders Steamboat and Buckley Capital argue the offer undervalues PRTH, citing peer EV/EBITDA multiples and a fair value range of $15–$20/share.At current prices, the downside appears limited, with 10% upside if the deal closes and substantially greater potential if a higher bid, strategic alternative, or third-party acquisition materializes. marekuliasz/iStock via Getty Images
Following the Q3/2025 earnings release on November 6, shares of Priority Technology (PRTH) declined by 30%. The decline was mainly attributed to the slower growth compared to expectations, which led management to reduce full-year revenue
Analyst’s Disclosure: I/we have a beneficial long position in the shares of PRTH either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
2026-02-11 08:121mo ago
2026-02-11 02:251mo ago
ABN Amro Profit Misses Views Amid Market Volatility
A sign marks the headquarters of the coronavirus disease (COVID-19) vaccine maker Moderna in Cambridge, Massachusetts, U.S., April 28, 2022. REUTERS/Brian Snyder/File Photo Purchase Licensing Rights, opens new tab
CompaniesMILAN, Feb 11 (Reuters) - Moderna (MRNA.O), opens new tab shares opened 14% lower in Frankfurt on Wednesday in low volume after the U.S. Food and Drug Administration refused to review the company's approval application for its influenza vaccine.
The company's shares, which closed up 0.1% on Tuesday, are up 42% so far this year.
Keep up with the latest medical breakthroughs and healthcare trends with the Reuters Health Rounds newsletter. Sign up here.
Reporting by Danilo Masoni; Editing by Amanda Cooper
Our Standards: The Thomson Reuters Trust Principles., opens new tab
2026-02-11 08:121mo ago
2026-02-11 02:341mo ago
Evolution Mining Has No Intention of Sitting on Its Cash
Tom Farley, CEO of Bullish says institutional investors are more insulated from crypto market volatility than retail participants. He adds that inflows from traditional financial players like investment banks and asset managers are steadily increasing.
2026-02-11 08:121mo ago
2026-02-11 02:411mo ago
Barratt Redrow backs profit outlook after solid first half
Barratt Redrow PLC reported a steady first half, with performance broadly in line with its pre-Budget update and the full-year outlook maintained.
Adjusted operating profit was £210.2 million, broadly flat year on year, while adjusted profit before tax fell 13.6% to £199.9 million. Net cash stood at £173.9 million.
For the full year, profits are expected to be within the current range of consensus estimates of £558-617 million, with the full out-turn dependent on sales activity through the spring selling season.
Based on the current forward sold position of 11,168 homes at a value of £3.4 billion, and solid reservation activity, completed sales of 17,200-17,800 are expected, in line with previous guidance.
The group delivered 7,444 home completions in the half-year to 28 December, up 4.7% on the total a year earlier. This is slower than the 7.9% growth reported in November.
Underlying net private reservation rates for the half year were 0.55 per site per week, but current trading from 29 December to 1 February showed the rate picked up to 0.59, closer to the 0.60 seen a year earlier.
Cost synergies from the Redrow deal have also progressed, with delivery said to be in line with the full £100 million goal.
2026-02-11 08:121mo ago
2026-02-11 02:411mo ago
Imaging Biometrics to focus on core products after review
Company narrows product strategy as it prepares webinar showcasing IB Nimble update
Imaging technology group Imaging Biometrics Ltd (LSE:IBAI, FRA:5Y1) has said it will prioritise core clinical products after acknowledging it had pursued too many projects without sufficient resources.
The decision follows a strategic review, which concluded that this broad focus had limited investment in the company’s main commercial assets and failed to generate expected returns.
Chief executive Trevor Brown said: “We recognise and share the frustration and disappointment experienced by shareholders in recent years and are determined to find a new modus operandi for the future.”
He added that the company was projecting a small profit in 2026 and did not expect to require further shareholder funding this year.
The group comprises two subsidiaries: US-based Imaging Biometrics LLC, which it acquired in 2018, and UK-based Kirkstall Limited, added in 2025.
A new version of IB Nimble, its imaging analysis tool, is nearing completion with integrated DICOM viewing, a feature requested by customers. The company will host a webinar on 27 February to demonstrate the updated system.
Brown described IB Clinic as the cornerstone of the company’s portfolio. The latest release, announced in 2025, has seen adoption among existing clinical sites, particularly for faster tumour-response metrics using FTB Express.
Longitudinal reporting will be added, following feedback from neurosurgeons.
QSMetric, a platform for generating quantitative susceptibility maps from MRI data, is now ready for trials. IB Zero G, a patented technology with longer-term potential, will remain on hold to avoid diverting focus from the core business.
Imaging Biometrics confirmed it will not continue development of gallium maltolate (GaM), a treatment granted multiple designations by the US Food and Drug Administration.
While the company holds rights to phase I trial data, it said the costs of a phase II trial were beyond its independent means.
Sales at Kirkstall Limited rose 84% in 2025 to £123,000, driven by demand for its QV1200 organ-on-a-chip system and new distributors in China, South Korea and the United States.
In the US, the company appointed MB Research Labs, a contract research organisation with over 50 years' experience in toxicology, to enhance its reach.
Government policies in the UK and US are increasing support for alternatives to animal testing, such as organ-on-a-chip systems.
The UK has pledged £75 million to phase out animal testing, while the US Food and Drug Administration and other agencies have begun to phase in “new approach methodologies”.
At Nottingham Trent University, researchers are using Kirkstall’s QV1200 system in blood-brain barrier studies. Professor Cave’s team has shown that cells grown in the system behave more like real tissue due to its dynamic, flowing environment.
He said, “Our partnership with Kirkstall and their Quasi Vivo technology is enabling us to build blood-brain barrier models that are closer to human physiology than ever before.”
Belgium’s Gent University has also adopted the QV1200 system for gut-brain barrier research, having evaluated and rejected two competing platforms.
Imaging Biometrics said its strategy for the current year is to address the gap between market perception and operational performance, noting its market capitalisation stands at £1.2 million.
2026-02-11 08:121mo ago
2026-02-11 02:431mo ago
TotalEnergies Slashes Buyback as Weaker Prices Weigh
KEFI Gold and Copper PLC told investors it has added a US$20 million “equity-ranking” gold royalty from Chancery Royalty to the funding stack for its Tulu Kapi Gold Project in Ethiopia, calling it a key final component of the project’s US$340 million financing package.
The AIM-listed group said the royalty has been structured to rank on an equity-risk basis and is payable alongside shareholder distributions at its local subsidiary, Tulu Kapi Gold Mines (TKGM). With that agreement signed, KEFI said the finance package is now effectively covered, prompting mobilisation of field teams and contractors and the organisation of a ground-breaking ceremony this month.
A further US$30 million of equity-risk capital is expected to be fully signed up this month, including US$10 million of development costs to be settled in KEFI shares as those costs fall due, plus US$20 million of additional equity-ranking royalties to other investors on the same terms.
Alongside financing, KEFI said key contractual arrangements are being closed or targeted for completion by end-February 2026, including offsite infrastructure works with government agencies, resettlement housing mobilisation, a full construction documentation package with Lycopodium, and a mining services agreement with BCM following a completed re-tender process.
2026-02-11 08:121mo ago
2026-02-11 02:441mo ago
BlackLine, Inc. (BL) Q4 2025 Earnings Call Transcript
Q4: 2026-02-10 Earnings SummaryEPS of $0.63 beats by $0.04
|
Revenue of
$183.18M
(8.10% Y/Y)
beats by $202.32K
BlackLine, Inc. (BL) Q4 2025 Earnings Call February 10, 2026 5:00 PM EST
Company Participants
Matt Humphries - Vice President of Investor Relations
Owen Ryan - Chairman & CEO
Patrick Villanova - Chief Financial Officer
Jeremy Ung - Chief Technology Officer
Conference Call Participants
Christopher Quintero - Morgan Stanley, Research Division
Steven Enders - Citigroup Inc., Research Division
Alexander Sklar - Raymond James & Associates, Inc., Research Division
Patrick Walravens - Citizens JMP Securities, LLC, Research Division
Adam Hotchkiss - Goldman Sachs Group, Inc., Research Division
Patrick Schulz - Robert W. Baird & Co. Incorporated, Research Division
Daniel Jester - BMO Capital Markets Equity Research
Matthew VanVliet - Cantor Fitzgerald & Co., Research Division
Robert Simmons - Rosenblatt Securities Inc., Research Division
William Fitzsimmons - Piper Sandler & Co., Research Division
Presentation
Operator
Good day, and thank you for standing by. Welcome to the BlackLine Fourth Quarter 2025 Earnings Conference Call. [Operator Instructions] Please be advised that today's conference is being recorded.
[Operator Instructions] I would now like to hand the conference over to your speaker today, SVP of Investor Relations, Matt Humphries.
Matt Humphries
Vice President of Investor Relations
Good afternoon, and thank you for joining us today. With me on the call are Owen Ryan, Chief Executive Officer of BlackLine; as well as Patrick Villanova, Chief Financial Officer. For the Q&A portion of today's call, we'll also have Jeremy Ung, BlackLine's Chief Technology Officer, join us.
Before we get started, I'd like to note that certain statements made during this conference call that are not historical facts, including those regarding our future plans, objectives and expected performance, in particular, our guidance for Q1 and full year 2026 are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements represent our outlook only as of the date of this call.
While we
2026-02-11 08:121mo ago
2026-02-11 02:451mo ago
Seeing Machines posts 117% rise in vehicle production as Guardian sales surge
Driver-monitoring specialist records highest-ever quarterly volumes ahead of European safety mandate
Seeing Machines Ltd (AIM:SEE, OTC:SEEMF, FRA:M2Z) produced nearly 580,000 vehicles with its driver-monitoring systems in the second quarter of its 2026 financial year, a 117% increase on the same period a year ago.
The Australia-based computer vision company said 4.8 million vehicles on the road now incorporate its Driver and Occupant Monitoring System technology, up from 2.9 million in the second quarter last year.
Quarterly production rose to 578,363 units, a 13% increase from the previous quarter and more than double the figure reported for the same period in 2025.
Guardian, the company’s aftermarket system for commercial transport fleets, also saw a sharp rise in hardware sales, reaching 3,764 units in the quarter. This compares with just 368 units in the first quarter.
Annual recurring revenue from Guardian increased by 4% to $14 million, supported by the connection of newly installed units. The company said its contracts typically span three years and generate high-margin service revenue.
Chief executive Paul McGlone said, “We are seeing increasing demand for our technology across Automotive as OEMs prepare for regulatory change, reinforcing the long-term role of driver monitoring within vehicle safety architectures.”
Seeing Machines expects demand to accelerate ahead of the European Union’s General Safety Regulation, which comes into force in July 2026. The regulation mandates driver monitoring systems for all new vehicles.
Despite some delays to new tenders, the company said existing production programmes are expected to scale across more European platforms in the coming quarters.
McGlone added that the company remained on track to deliver positive adjusted earnings before interest, tax, depreciation and amortisation in the third quarter and in the second half of the financial year, excluding the effect of a recently announced up-front royalty payment.
2026-02-11 08:121mo ago
2026-02-11 02:521mo ago
Accesso Technology to return £14.5m to shareholders via tender
Accesso Technology Group PLC has announced plans to return up to £14.5 million to shareholders, via a tender offer priced at £3.00 per share, a level the company highlighted represents an 8.7% premium to the prior day’s close.
Under the proposal, qualifying shareholders will be invited to tender some or all of their shares, with a “guaranteed entitlement” of around 12.7% of holdings at the record date, and potential scaling for any additional shares tendered above that level if the offer is oversubscribed. The tender is for a maximum of 4.83 million shares. Shares bought back through the process are expected to be cancelled, reducing the share count if the offer is taken up in full.
Accesso has also called a general meeting for 13 March 2026 (9:30am), with the company expecting to announce the tender results on or around the same day, alongside the meeting outcome.
Explaining the move, Accesso pointed to its strong balance sheet and recent trading, including expected FY2025 revenue of about $155 million and net cash of $30 million at year-end 2025, following completion of a share repurchase programme equivalent to about 7% of issued share capital.
2026-02-11 08:121mo ago
2026-02-11 02:551mo ago
PZ Cussons lifts guidance as growth improves in first half
PZ Cussons upgraded its full-year guidance after enjoying double-digit profit growth in the first half as revenue rose across its four core markets.
Revenue increased 8% to £269.3 million in the six months to 29 November, with like-for-like growth of 9.5%.
Adjusted operating profit jumped 32% to £35.6 million, as margins expanded 13.2% from 10.8%, and adjusted profit before tax leapt 50.5% to £29.8 million.
Chief executive Jonathan Myers said the performance reflected a mix of price and volume increases, with growth in each of the group's largest ten brands, "driven by targeted investment in innovation, brand-building and continued strong commercial execution".
Net debt fell by £27.7 million compared with May, helped by free cash flow of £23.2 million and proceeds from disposals, including £48.5 million received to date from the sale of its stake in the PZ Wilmar joint venture.
Given the performance, the group now expects adjusted operating profit of £53-57 million for the 2026 financial year, up from November's guidance of £50-55 million.
A dividend of 1.50p per share was declared, unchanged year on year.
Myers added: "We have concluded our strategic review, which has resulted in a significantly strengthened balance sheet and a more focused and more resilient business.
"Against this backdrop, we are setting out plans in our Capital Markets Event to deliver sustainable shareholder value, building winning portfolios of locally-loved brands in four lead markets.
"With a balance between developed and emerging markets and building on competitive go-to-market capabilities and manufacturing scale, we are targeting double-digit total shareholder return through the cycle."
2026-02-11 08:121mo ago
2026-02-11 02:581mo ago
Salesforce: Buy The Fear In Enterprise SaaS Durability
Analyst’s Disclosure: I/we have a beneficial long position in the shares of CRM either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
2026-02-11 08:121mo ago
2026-02-11 02:591mo ago
ServiceNow: Artificial Intelligence As A Massive Opportunity, Not An Existential Risk
SummaryAfter reaching an all-time high of $239.62 in January 2025, ServiceNow's share price is now hovering around $104.00, a drawdown of almost 60%.Following the largest drawdown in its history, ServiceNow is currently trading at a free cash flow yield of ~4.4% and a forward price-to-earnings ratio of ~20.7x.The company's significant free cash flow generation is also underpinned by a net cash balance sheet, with total debt consisting of a 1.4% fixed-rate note due in September 2030.Not only do I view the current AI-related fears as overblown, but I also believe that mass adoption of AI agents is a tremendous opportunity for the ServiceNow AI Platform.The best time to buy is often when it is the hardest to do so from an emotional standpoint. I think it is precisely the case with ServiceNow. JHVEPhoto/iStock Editorial via Getty Images
Throwing The Baby Out With The Bathwater After researching The Trade Desk, Inc. (TTD) and PayPal Holdings, Inc. (PYPL) over the last few days, I am now turning my attention to ServiceNow, Inc. (
Analyst’s Disclosure: I/we have a beneficial long position in the shares of NOW either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
2026-02-11 08:121mo ago
2026-02-11 03:001mo ago
Franklin Templeton and Binance Advance Strategic Collaboration With Institutional Off-Exchange Collateral Program
Institutions can now use Benji-issued tokenized money market funds as off-exchange collateral to trade on Binance using Ceffu’s custody layer.
SAN MATEO, Calif.--(BUSINESS WIRE)--Franklin Templeton, a global investment leader and Binance, the world’s leading cryptocurrency exchange by trading volume and users, today announced a new institutional off-exchange collateral program, making digital markets more secure and capital-efficient. Now live, eligible clients can use tokenized money market fund shares issued through Franklin Templeton’s Benji Technology Platform as off-exchange collateral when trading on Binance.
The program alleviates a long-standing pain point for institutional traders by allowing them to use traditional regulated, yield-bearing money market fund assets in digital markets without parking those assets on an exchange. Instead, the value of Benji-issued fund shares is mirrored within Binance’s trading environment, while the tokenized assets themselves remain securely held off-exchange in regulated custody. This reduces counterparty risk, letting institutional participants earn yield and support their trading activity without hedging on custody, liquidity, or regulatory protections.
“Since partnering in 2025, our work with Binance has focused on making digital finance actually work for institutions,” said Roger Bayston, Head of Digital Assets at Franklin Templeton. “Our off-exchange collateral program is just that: letting clients easily put their assets to work in regulated custody while safely earning yield in new ways. That’s the future Benji was designed for, and working with partners like Binance allows us to deliver it at scale.”
“Partnering with Franklin Templeton to offer tokenized real-world assets for off-exchange collateral settlement is a natural next step in our mission to bring digital assets and traditional finance closer together,” said Catherine Chen, Head of VIP & Institutional at Binance. “Innovating ways to use traditional financial instruments on-chain opens up new opportunities for investors and shows just how blockchain technology can make markets more efficient.”
Assets participating in the program remain held off-exchange in a regulated custody environment, with tokenized money market fund shares pledged as collateral for trading on Binance. Custody and settlement infrastructure is supported by Ceffu, Binance’s institutional crypto-native custody partner.
“Institutions increasingly require trading models that prioritize risk management without sacrificing capital efficiency,” said Ian Loh, CEO of Ceffu. “This program demonstrates how off-exchange collateral can support institutional participation in digital markets while maintaining strong custody and control.”
Launching the institutional off-exchange collateral program expands on both Franklin Templeton’s and Binance’s growing networks of off-exchange program partners and represents another effort since announcing Franklin Templeton and Binance’s strategic collaboration in September 2025.
By using Benji to bridge tokenized money market funds, Franklin Templeton is taking trusted investment products and making them work in modern markets—allowing institutions to trade, manage risk, and move capital more efficiently as digital finance becomes an everyday part of the financial system.
Offering more tokenized real-world assets on Binance meets the increasing institutional demand for stable, yield-bearing collateral that can settle 24/7. This gives investors greater choice and enhances their trading experience on the world’s largest regulated digital asset exchange.
Franklin Templeton is a pioneer in digital asset investing and blockchain innovation, combining tokenomics research, data science, and technical expertise to deliver cutting-edge solutions since 2018. Learn more at Franklin Templeton Digital Assets.
About Binance
Binance is a leading global blockchain ecosystem behind the world’s largest cryptocurrency exchange by trading volume and registered users. Binance is trusted by more than 300 million people in 100+ countries for its industry-leading security, transparency, trading engine speed, protections for investors, and unmatched portfolio of digital asset products and offerings from trading and finance to education, research, social good, payments, institutional services, and Web3 features. Binance is devoted to building an inclusive crypto ecosystem to increase the freedom of money and financial access for people around the world with crypto as the fundamental means.
For more information, visit: https://www.binance.com
About Ceffu
Ceffu is an institutional-grade custody platform offering custody and liquidity solutions that are ISO 27001 & 27701 certified and SOC2 Type 2 attested. Our multi-party computation (MPC) technology, combined with a customizable multi-approval scheme, provides bespoke solutions allowing institutional clients to safely store and manage their virtual assets.
For the purposes of this program, custody services for Benji-issued tokenized money market fund shares are provided by Ceffu Custody FZE, a virtual asset custodian licensed and supervised in Dubai.
About Franklin Templeton
Franklin Templeton is a trusted investment partner, delivering tailored solutions that align with clients’ strategic goals. With deep portfolio management expertise across public and private markets, we combine investment excellence with cutting-edge technology. Since our founding in 1947, we have empowered clients through strategic partnerships, forward-looking insights, and continuous innovations – providing the tools and resources to navigate change and capture opportunity.
With more than $1.7 trillion in assets under management as of January 31, 2026, Franklin Templeton operates globally in more than 35 countries.
To learn more, visit franklintempleton.com and follow us on LinkedIn
Franklin Resources, Inc. [NYSE:BEN]
All investments, including money funds, involve risk, including loss of principal. There are risks associated with the issuance, redemption, transfer, custody, and record keeping of shares maintained and recorded primarily on a blockchain. For example, shares that are issued using blockchain technology would be subject to risks, including the following: blockchain is a rapidly-evolving regulatory landscape, which might result in security, privacy or other regulatory concerns that could require changes to the way transactions in the shares are recorded.
New center helps move organizations from AI ambition to enterprise-scale outcomes Brings together 6,000 DXC AI experts and supports collaboration with customers across industries DXC to hire 150 AI specialists in the UK and Ireland to further expand its capabilities , /PRNewswire/ - DXC Technology (NYSE: DXC), a leading enterprise technology and innovation partner, today announced the opening of its new Customer Experience Center (CEC) in London.
DXC Launches London Customer Experience Center to Help Unlock AI Value (CNW Group/DXC Technology Company) The center is designed to create an environment where DXC's experts can work directly with customers to help them move from experimenting with new technologies, including AI, to execution at scale. It will draw on the collective experience of 6,000 multidisciplinary DXC team members in the UK and Ireland including system architects, software engineers, industry specialists, and service delivery teams. Their collective expertise is reinforced by DXC's global network of 40,000 developers, enabling customers across the United Kingdom and Ireland to co-create solutions that deliver measurable, enterprise-scale business outcomes.
Located in the City of London, the heart of London's business hub, the center enables collaborative innovation across DXC's platforms, services and solutions, from automation, generative and agentic AI to AdvisoryX, DXC's consulting and advisory group, agentic security operations, and enterprise applications and infrastructure. Customers will be able to explore how DXC's unique set of capabilities can enable improved resilience, accelerated decision-making, and deliver measurable business impact.
"The London Customer Experience Center is a space for our customers to bring their toughest technology challenges, engage in a conversation, and co-create solutions alongside our team of highly skilled experts," said Derek Allison, General Manager for DXC Technology in UK and Ireland. "In a world where exponential change is the norm in business, leaders need trusted partners who can help them design, build, and run AI-enabled enterprises. This is much more than a showroom for our expertise and solutions. It's an extension of our customers' own transformation journeys."
The Customer Experience Center will support some of the region's most important public and private sector organizations including the Metropolitan Police, Network Rail, Barts Health NHS Trust, London Market Insurance Companies, the Ministry of Defence, and the Department of Health & Social Care, enabling them to accelerate digital transformation.
DXC is hiring 150 AI specialists across the UK and Ireland to help enterprises prioritize and operationalize AI, as well as develop the next generation of transformation leaders equipped to support customers navigating complex, AI-driven change across multiple sectors including government, aerospace and defense, banking and insurance, automotive, healthcare and life sciences. The new center builds on DXC's presence in the UK and Ireland with offices and facilities in Erskine, Newcastle, Tewkesbury, and Farnborough.
"Organizations across industries are under pressure to turn AI from isolated pilots into secure, scalable operating capability," said Bob James, CEO, at Velonetic, a services provider supporting modernization and operations across the London insurance market. "DXC's Customer Experience Center creates a hands-on environment where business and technology teams can co-create, validate, and industrialize AI and data-driven solutions across complex platforms."
Industry analysts also recognize the center's potential impact.
"Success in leveraging digital technologies, including AI, depends on multi-disciplinary teams that understand technology alongside the organizational, cultural and regulatory barriers to productisation and scaling," said Georgina O'Toole, Chief Analyst & Partner at TechMarketView, a UK-based technology industry analyst and advisory firm. "Centres like DXC's bring precise business challenges together with the domain and technical expertise that can accelerate the path to production and scaling, and to measurable business outcomes."
For more information about DXC, visit dxc.com.
About DXC Technology
DXC Technology (NYSE: DXC) is a leading enterprise technology and innovation partner delivering software, services, and solutions to global enterprises and public sector organizations – helping them harness AI to drive outcomes at a time of exponential change with speed. With deep expertise in Managed Infrastructure Services, Application Modernization, and Industry-Specific Software Solutions, DXC modernizes, secures, and operates some of the world's most complex technology estates. Learn more on dxc.com
SOURCE DXC Technology Company
2026-02-11 08:121mo ago
2026-02-11 03:001mo ago
Rezolve Ai Acquires Reward for $230m to Accelerate Innovation in AI-Powered Banking and Commerce
Rezolve Ai, a NASDAQ-listed global commerce and AI company, acquires Reward for $230 million all-cash, creating a first-of-its-kind combination of conversational commerce and commerce media The unique proposition set to accelerate innovation in AI-Powered Banking and Commerce - enabling brands to seamlessly move from discovery to real-time, hyper-personalised conversations through to conversion, with verified closed-loop measurement Built for global scale, the group leverages established bank and retailer relationships, with a multinational-ready platform to support worldwide adoption of AI-driven commerce , /PRNewswire/ -- Reward, a global leader in customer engagement and commerce media, today announces that it has been acquired by Rezolve Ai PLC (NASDAQ: RZLV), global provider of AI-driven commerce and payments infrastructure, for $230 million.
The acquisition brings together Reward's engagement, intelligence and activation capabilities with Rezolve Ai's conversational commerce and agentic AI platform to accelerate innovation in AI-powered banking and commerce.
Rezolve Ai Acquires Reward for $230m to Accelerate Innovation in AI-Powered Banking and Commerce (PRNewsfoto/Reward) Gavin Dein, Founder and Deputy Chairman of Reward, comments: "Reward is on a mission to make everyday spending more rewarding, returning more than $2.5 billion to customers to date, we've donated circa $20 million to charitable causes, and rewarded staff, past and present, with more than $30 million as shareholders. I'm immensely proud of what we've achieved at Reward and excited about what the team will continue to build as part of Rezolve Ai group."
AI-powered commerce journeys, from insight to conversion
For the first time, commerce media and conversational commerce are brought together on a shared AI foundation, enabling brands to move seamlessly from discovery and influence into hyper-personalised conversations that guide consumers through to transaction, with outcomes measured directly against real spend.
This is achieved by combining Reward's first-party transaction insight and trusted engagement channels with Rezolve Ai's real-time conversational commerce capabilities, connecting brands with banking customers at moments of purchase intent.
Daniel M. Wagner, Founder, CEO & Chairman of Rezolve Ai, said: "Reward is a profitable, scaled platform that sits directly at the heart of AI-driven commerce, already operating at scale, where discovery, engagement, transaction and loyalty converge. It materially advances our core AI commerce strategy by embedding Rezolve deeper into everyday consumer spend across banks, retailers and payment networks."
Scaled Platform Positioned for Global Adoption
With established relationships across global banks and retailers, a strong presence across the UK, Europe, the Middle East and Asia, and platforms designed for multinational deployment, Rezolve Ai and Reward are well positioned to support the scalable adoption of AI-driven commerce across retail, banking and embedded commerce environments worldwide.
The combined group also intends to leverage Rezolve Ai's market footprint in the Americas to support future expansion.
Jamie Samaha, Chief Executive Officer at Reward, added: "Becoming part of Rezolve Ai is a strong validation of our business performance and the unique value we deliver for our customers. Together, we're building a first-of-a-kind AI-driven commerce platform that brings millions of customers around the world to our global retail partners, converting browsing into measurable sales with hyper-personalised content at the moments that matter most, all while accelerating our international expansion as we look to the Americas."
About Reward
Reward is a global leader in customer engagement and commerce media, operating across more than 15 markets in the UK, Europe, the Middle East and Asia. Positioned at the intersection of banking and retail, its platform combines technology, data insight and digital marketing to deliver richer customer experiences, measurable sales growth and lasting loyalty.
Reward is backed by Experian and TransUnion, the world's leading data and technology institutions, and strengthened by a broad network of strategic partnerships with globally recognised brands.
On a mission to make everyday spending more rewarding, Reward has returned over $2.5 billion in cashback to customers to date, with a commitment to reach $4 billion by 2030. In 2026, Reward earned Great Place to Work® certification, a prestigious, employee-led accreditation reflecting its people-first culture.
For more information, visit www.rewardinsight.com.
About Rezolve Ai
Rezolve Ai (NASDAQ: RZLV) is an industry leader in AI-powered solutions, specializing in enhancing customer engagement, operational efficiency, and revenue growth. The Brain Suite is the world's first enterprise AI platform built for Agentic Commerce, delivering advanced tools that harness artificial intelligence to power search, transact, fulfil, and personalize at global scale. For more information, visit www.rezolve.com.
Photo - https://mma.prnewswire.com/media/2891364/Reward_Rezolve.jpg
Logo - https://mma.prnewswire.com/media/2773456/5782261/Reward_logo.jpg
SOURCE Reward
2026-02-11 08:121mo ago
2026-02-11 03:011mo ago
EdgeTI Forms Partnership with Leading Defense Industrial Conglomerate, NSMICO, to Rapidly Establish EdgeTI Solutions As a Major Defense/Technology Platform Inside Saudi Arabia and Middle Eastern Region
Kingdom of Saudi Arabia-based, NSMICO, is advancing national modernization and advanced technology transformation initiatives under Vision 2030.
The partnership expects to fast-track the deployment of edgeTI Platforms for Real-Time Operational Intelligence and Decision Support capabilities in concert with rising Middle East demand for Industry 4.0 and AI-enabled transformation.
EdgeTI and NSMICO are jointly showcasing EdgeTI's expanding defense technology platforms at the World Defense Show in Riyadh this week.
Arlington, Virginia--(Newsfile Corp. - February 11, 2026) - Edge Total Intelligence Inc. (TSXV: CTRL) (OTCQB: UNFYF) (FSE: Q5I) ("edgeTI" or the "Company"), a leader in real-time operational intelligence and decision support solutions, and Najad Shield Military Industries Holding Co. ("NSMICO"), the leading company in the field of supply and manufacturing of military and security products in the Kingdom of Saudi Arabia, are pleased to announce a formal partnership to evaluate, demonstrate, and pursue the potential deployment of real-time operational intelligence, digital twin, and decision-support technologies in support of defense, government, and critical infrastructure initiatives across Middle East and Africa.
Subject to applicable laws and future agreements, the companies are responding to increasing interest in the Middle East's adoption of Industry 4.0, driven by government initiatives (like Saudi Vision 2030, UAE's Operation 300bn) and mega-projects (NEOM), focusing on AI, IoT, robotics for economic diversification away from oil. According to IMARC Group, Key consumption areas include smart manufacturing, automation, energy efficiency (IoT sensors), and digital transformation in oil & gas, with strong growth projected in sectors like aerospace and advanced manufacturing, supported by significant state-led investment.
Abdulmalik Tariq Al-Qahtani, Chairman of the Board
Najad Shield Military Industries Holding Co stated:
"We are the leading company in the field of supply and manufacturing of military and security products in the Kingdom of Saudi Arabia. We contribute to achieving economic and social development by providing innovative and effective solutions that meet the needs of our customers, while adhering to global quality standards and keeping pace with the latest developments in line with the Kingdom's Vision 2030."
Jim Barrett, Chief Executive Officer and Chair of
Edge Total Intelligence Inc. stated:
"As a United States-based enterprise software company specializing in real-time operational intelligence and Digital Twin of the Organization platforms for government, defense, and critical infrastructure operations, we dare not ignore the global demand centered around the Kingdom of Saudi Arabia and surrounding Middle East and Northern Africa region. Reaching this agreement, NSMICO gives us the opportunity to accelerate our global endeavors with a true leader in the region."
EdgeTI is demonstrating at the World Defense Show in Riyadh, Saudi Arabia on Sunday 8 - Thursday 12 February 2026 | Riyadh Exhibition & Convention Center with NSMICO Military Industries Stands (H3-C7.3 and H3-C7.5). In 2024, the World Defense Show hosted 773 exhibitors, welcomed 441 official delegations from 116 countries, attracted 106,000 trade visitors, and facilitated 26 billion Saudi Riyals in deals.
About NAJAD SHIELD MILITARY INDUSTRIES COMPANY
NSMICO Military Industries is a company specialized in the field of supply and manufacturing of military and security products. The company seeks to be one of the leading suppliers to the military and security authorities in the Kingdom of Saudi Arabia in particular and in North Africa and the Middle East in general, and to provide high-quality products and services that meet their needs and contribute To achieve the goals of the Kingdom's Vision 2030.
NSMICO is committed to global quality standards and the use of the latest technologies in the manufacture of its products. It also supports innovation, research and development, and is always striving to offer new and advanced products and localize technology and systems in cooperation with the best specialized companies in the world.
About EDGE TOTAL INTELLIGENCE INC
edgeTI empowers defense, service providers, and enterprises to operate decisively with real-time clarity in complex, mission-critical environments. Its edgeCore™ Digital Twin and industry-specific platforms dynamically and cost-effectively unite data, applications, third-party services, business models, AI, automation, and domain expertise to orchestrate real-time actions and drive targeted outcomes-enabling faster, more effective decisions across continually evolving defense, business, and lifecycle operations.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Forward-Looking Information and Statements
Certain statements in this news release are forward-looking statements or information for the purposes of applicable Canadian and US securities law. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations, or intentions regarding the future. Such information can generally be identified by the use of forwarding-looking wording such as "may", "expect", "estimate", "anticipate", "intend", "believe", "Potential" and "continue" or the negative thereof or similar variations. The reader is cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the edgeTI, including but not limited to, completion of due diligence by the lender, business, economic and capital market conditions.
Such statements and information are based on numerous assumptions regarding present and future business strategies and the environment in which the edgeTI will operate in the future, including the demand for its products, anticipated costs, and the ability to achieve goals. Factors that could cause the actual results to differ materially from those in forward-looking statements include, the continued availability of capital and financing, the impact of viruses and diseases on the Company's ability to operate, competition and general economic, and market or business conditions. The reader is cautioned not to place undue reliance on any forward-looking information. The forward-looking statements contained in this news release are made as of the date of this news release. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/283439
Source: Edge Total Intelligence Inc.
Ready to Announce with Confidence? Send us a message and a member of our TMX Newsfile team will contact you to discuss your needs.
Severn Trent PLC said it expects a record year of capital investment as it builds momentum in the first year of the new regulatory period.
In an update covering the first 10 months of its financial year, the FTSE 100-listed water group said financial performance was in line with expectations and it remains on track to meet environmental and operational targets.
The company now expects to come in towards the top end of its £1.7 billion-£1.9 billion capital investment range, which would mark its highest ever annual spend.
It also expects to deliver at least £40 million of rewards from outcome delivery incentives and price control deliverables, assuming all milestones are met.
New chief executive James Jesic, replacing Liv Garfield, who stepped down in November after 11 years in charge, said: "This has been a quarter of delivery in a period of strong growth."
The update comes as the sector awaits further detail on the Government’s water reform plans. Severn Trent said it had welcomed the White Paper last month and is looking for clarity in a transition plan later this year.
Severn Trent is targeting a seventh consecutive four-star environmental rating, after Environment Agency figures in the autumn showed eight of nine water companies were rated poor or requiring improvement, with Severn Trent the only operator to secure full marks despite recording more than 62,000 sewage spills during the year.
Well-balanced performance in challenging market conditions
IFRS Measures BEIA Measures(in € million) Total
growth (in € million) Organic
growthRevenue 34,257 -4.7% Revenue (beia) 34,395 0.2%Net revenue 28,753 -3.6% Net revenue (beia) 28,890 1.6%Operating profit 3,406 -3.2% Operating profit (beia) 4,385 4.4%Operating profit margin 11.8% 5 bps Operating profit (beia) margin 15.2% 41 bpsNet profit 1,885 92.7% Net profit (beia) 2,662 4.9%Diluted EPS 3.38 94.3% Diluted EPS (beia) 4.78 3.6% Free operating cash flow 2,602 Net debt / EBITDA (beia) 2.2x Unless stated otherwise, all comments and figures in this announcement refer to BEIA metrics, and growth % or bps indicate organic growth, except for Diluted EPS (beia) which is calculated on a constant currency basis.
Growth: Quality volume and mix with market share gains in subdued market conditions
Total volume declined 1.2%, with consolidated volume down 2.1%, and licensed volume up 17.8%.Heineken® volume grew 2.7%, global brands volume grew 1.9%.Net revenue grew 1.6%, net revenue per hectolitre up 3.8%.Over 60% of our markets, including over 80% of our priority growth markets gaining or holding share.Marketing and selling expenses expanded to 9.9% of net revenue.
Profitability: Strong productivity gains enabling margin expansion
Gross savings in excess of €500 million, with an increased flow-through to profit. Operating profit grew 4.4% with operating profit margin expanding 41 bps to 15.2%.Diluted Earnings per Share (EPS) of €4.78, up 3.6% (2024: €4.89).
Capital Efficiency: Another year of solid cash flow generation, with improved ROIC
Free Operating Cash Flow of €2.6 billion, translating into a cash conversion ratio of 87%.Return on Invested Capital (ROIC) absolute increase of 57 bps to 22.7%, incl. goodwill & intangibles up 21 bps to 9.4%.Completed first tranche of the €1.5 billion share buyback programme, second €750 million tranche to start shortly.Dividend of €1.90 per share proposed. Dividend payout policy to be expanded to the range of 30% to 50%. 2026: Accelerating the disciplined execution of EverGreen 2030, integrating FIFCO
Increasing investment in growth focused on global brands, faster innovation and sharper execution. Accelerating productivity at scale to unlock significant savings, reducing 5,000 to 6,000 roles over next two years.Integrating FIFCO beverage and retail businesses in Central America, expected to be immediately accretive to EPS.Anticipating FY2026 operating profit to grow in the range of 2% to 6%. DOLF VAN DEN BRINK, CEO, COMMENTED:
“In 2025, we delivered a resilient and well-balanced performance. We gained share, drove cost and cash productivity, and increased investment behind our brands. Combined with agility and our advantaged footprint, this helped us navigate volatility and deliver within our guidance range. We reinforced our footprint through the acquisition of FIFCO in Central America, our largest acquisition in more than a decade, positioning us even more strongly for growth in the future.
As EverGreen 2025 concludes, we have made meaningful progress and advanced major transformations that strengthen our fundamentals. EverGreen 2030 builds on this with a sharper strategy, clearer resource allocation, and a stronger focus on value creation.
Now we pivot to the disciplined execution of EverGreen 2030. Our first priority is to accelerate growth, funded by stepped up productivity and operating model changes that will involve a significant cost intervention over the next two years. This will unlock stronger people productivity and enable greater speed and efficiency. At the same time, we remain prudent in our near‑term expectations for beer market conditions.”
Annual Report 2025
Today we published our Heineken N.V. ("HEINEKEN") Annual Report, providing an overview of our performance, future direction and progress on sustainability. You can access the full report here: https://www.theheinekencompany.com/2025results/
ENQUIRIES
Media InvestorsChristiaan Prins Tristan van StrienDirector of Global Communication Global Director of Investor RelationsMarlous den Bieman Lennart Scholtus / Chris SteynHead of Media Investor Relations Manager / Senior AnalystE-mail: [email protected] E-mail: [email protected] Tel: +31-20-5239355 Tel: +31-20-5239590 CONFERENCE CALL DETAILS
HEINEKEN will host an analyst and investor video webcast about its 2025 FY results today, 11 February 2026, at 10:00 CET/ 09:00 GMT/ 04:00 EST. The live video webcast will be accessible via the company’s website:
https://www.theheinekencompany.com/investors/results-reports-webcasts-and-presentations.
An audio replay service will also be made available after the webcast at the above web address. Analysts and investors can dial-in using the following telephone numbers:
United Kingdom (local): +44 20 3936 2999Netherlands (local): +31 85 888 7233United States: +1 646 233 4753All other locations: +44 20 3936 2999For the full list of dial in numbers, please refer to the following link: Global Dial-In NumbersParticipation password for all countries: 375706 HEINEKEN N.V. 2025 FY Press Release
2026-02-11 07:111mo ago
2026-02-11 01:011mo ago
HEINEKEN HOLDING N.V. REPORTS 2025 FULL YEAR RESULTS
HEINEKEN HOLDING N.V. REPORTS 2025 FULL YEAR RESULTS
Well-balanced performance in challenging market conditions
IFRS Measures BEIA Measures(in € million) Total
growth (in € million) Organic
growthRevenue 34,257 -4.7% Revenue (beia) 34,395 0.2%Net revenue 28,753 -3.6% Net revenue (beia) 28,890 1.6%Operating profit 3,406 -3.2% Operating profit (beia) 4,385 4.4%Operating profit margin 11.8% 5 bps Operating profit (beia) margin 15.2% 41 bpsNet profit of Heineken Holding N.V. 952 Net profit (beia) 2,662 4.9%Diluted EPS 3.39 Diluted EPS (beia) 4.78 3.6% Free operating cash flow 2,602 Net debt / EBITDA (beia) 2.2x Heineken Holding N.V. engages in no activities other than its participating interest in Heineken N.V. and the management or supervision of and provision of services to that company.
The net result of Heineken Holding N.V.'s participating interest in Heineken N.V. for 2025 amounts to €952 million.
Distribution of excess share buyback proceeds of circa €0.16 per outstanding share to be approved by the General meeting of Shareholders of Heineken Holding N.V.
Unless stated otherwise, all comments and figures in this announcement refer to BEIA metrics, and growth % or bps indicate organic growth, except for Diluted EPS (beia) which is calculated on a constant currency basis.
Growth: Quality volume and mix with market share gains in subdued market conditions
Total volume declined 1.2%, with consolidated volume down 2.1%, and licensed volume up 17.8%.Heineken® volume grew 2.7%, global brands volume grew 1.9%.Net revenue grew 1.6%, net revenue per hectolitre up 3.8%.Over 60% of HEINEKEN's markets, including over 80% of HEINEKEN's priority growth markets gaining or holding share.Marketing and selling expenses expanded to 9.9% of net revenue. Profitability: Strong productivity gains enabling margin expansion
Gross savings in excess of €500 million, with an increased flow-through to profit. Operating profit grew 4.4% with operating profit margin expanding 41 bps to 15.2%.Diluted Earnings per Share (EPS) of €4.78, up 3.6% (2024: €4.89). Capital Efficiency: Another year of solid cash flow generation, with improved ROIC
Free Operating Cash Flow of €2.6 billion, translating into a cash conversion ratio of 87%.Return on Invested Capital (ROIC) absolute increase of 57 bps to 22.7%, incl. goodwill & intangibles up 21 bps to 9.4%.Heineken N.V. completed first tranche of the €1.5 billion share buyback programme, second €750 million tranche to start shortly. Heineken Holding N.V. participated pro rata to its shareholding.Dividend of €1.90 per share proposed. Dividend payout policy to be expanded to the range of 30% to 50%. 2026: Accelerating the disciplined execution of EverGreen 2030, integrating FIFCO
Increasing investment in growth focused on global brands, faster innovation and sharper execution. Accelerating productivity at scale to unlock significant savings, reducing 5,000 to 6,000 roles over next two years.Integrating FIFCO beverage and retail businesses in Central America, expected to be immediately accretive to EPS.Anticipating FY2026 operating profit to grow in the range of 2% to 6%.
Annual Report 2025
Today we published our Heineken Holding N.V. Annual Report, you can access the full report here: https://www.heinekenholding.com/investors/results-reports-webcasts-presentations
ENQUIRIES
Media Heineken Holding N.V. Kees Jongsma tel. +31 6 54 79 82 53 E-mail: [email protected] Media InvestorsChristiaan Prins Tristan van StrienDirector of Global Communication Global Director of Investor RelationsMarlous den Bieman Lennart Scholtus / Chris SteynHead of Media Investor Relations Manager / Senior AnalystE-mail: [email protected] E-mail: [email protected] Tel: +31-20-5239355 Tel: +31-20-5239590 CONFERENCE CALL DETAILS
HEINEKEN will host an analyst and investor video webcast about its 2025 FY results today, 11 February 2026, at 10:00 CET/ 09:00 GMT/ 04:00 EST. The live video webcast will be accessible via the company’s website:
https://www.theheinekencompany.com/investors/results-reports-webcasts-and-presentations.
An audio replay service will also be made available after the webcast at the above web address. Analysts and investors can dial-in using the following telephone numbers:
United Kingdom (local): +44 20 3936 2999Netherlands (local): +31 85 888 7233United States: +1 646 233 4753All other locations: +44 20 3936 2999For the full list of dial in numbers, please refer to the following link: Global Dial-In NumbersParticipation password for all countries: 375706 Heineken Holding N.V. 2025 FY Press Release
2026-02-11 07:111mo ago
2026-02-11 01:041mo ago
Flagstar Bank, National Association (FLG) Presents at Bank of America Financial Services Conference 2026 Transcript
Flagstar Bank, National Association (FLG) Bank of America Financial Services Conference 2026 February 10, 2026 3:30 PM EST
Company Participants
Lee Smith - Senior Executive VP & CFO
Richard Raffetto - SEVP, President of Commercial and Private Banking
Conference Call Participants
Ebrahim Poonawala - BofA Securities, Research Division
Brian Bedell - Deutsche Bank AG, Research Division
Presentation
Ebrahim Poonawala
BofA Securities, Research Division
I guess we get started with our next session. We have with us Flagstar. And from Flagstar, we have Lee Smith, CFO, and Richard Raffetto, Senior Executive Vice President and President of the Commercial and Private Bank. So first of all, thank you both for being with us.
Lee Smith
Senior Executive VP & CFO
Yes. Thanks, Ebrahim. It's great to be here again.
Question-and-Answer Session
Ebrahim Poonawala
BofA Securities, Research Division
And maybe just to kick it off with you, Lee, give us an update. I mean, obviously, fourth quarter was a bit of a milestone for Flagstar, turned profitable. As you think about just a mark-to-market in terms of everything that's gone on over the last couple of years with the bank, just talk to us about the progress that's been made in terms of shifting the focus, moving from sort of addressing and ring-fencing the credit quality issues towards pivoting to growth and kind of how you've seen all of this evolve and where things stand today?
Lee Smith
Senior Executive VP & CFO
Yes. No, absolutely. It's obviously -- the last couple of years, it's been a tremendous effort and a lot of blood, sweat and tears. But I think, first of all, it all starts with people.
And obviously, the new investors and Board, the first thing they did was they bought Joseph Otting in as the new CEO. And I think Joseph did an incredible job
2026-02-11 07:111mo ago
2026-02-11 01:041mo ago
Advanced Energy Industries, Inc. (AEIS) Q4 2025 Earnings Call Transcript
Q4: 2026-02-10 Earnings SummaryEPS of $1.94 beats by $0.16
|
Revenue of
$489.40M
(17.81% Y/Y)
beats by $15.47M
Advanced Energy Industries, Inc. (AEIS) Q4 2025 Earnings Call February 10, 2026 4:30 PM EST
Company Participants
Yeuk-Fai Mok - Vice President of Strategic Marketing
Stephen Kelley - President, CEO & Director
Paul Oldham - Executive VP & CFO
Conference Call Participants
Brian Chin - Stifel, Nicolaus & Company, Incorporated, Research Division
Sreekrishnan Sankarnarayanan - TD Cowen, Research Division
Mehdi Hosseini - Susquehanna Financial Group, LLLP, Research Division
Steve Barger - KeyBanc Capital Markets Inc., Research Division
Joseph Quatrochi - Wells Fargo Securities, LLC, Research Division
James Ricchiuti - Needham & Company, LLC, Research Division
Robert Mason - Robert W. Baird & Co. Incorporated, Research Division
Scott Graham - Seaport Research Partners
David Duley - Steelhead Securities LLC
Presentation
Operator
Greetings, and welcome to the Advanced Energy Fourth Quarter 2025 Earnings Call. [Operator Instructions] As a reminder, this conference is being recorded. It is now my pleasure to introduce Edwin Mok, Senior Vice President of Strategic Marketing and Investor Relations. Please go ahead.
Yeuk-Fai Mok
Vice President of Strategic Marketing
Thank you, operator. Good afternoon, everyone. Welcome to the Advanced Energy Fourth Quarter 2025 Earnings Conference Call. With me today are Steve Kelley, our President and CEO; and Paul Oldham, our Executive Vice President and CFO. You can find today's press release and earnings presentation on our website at ir.advancedenergy.com.
Before we begin, let me remind you that today's call contains forward-looking statements. They are subject to risks and uncertainties that could cause actual results to differ materially and are not guarantee of future performance. Information concerning these risks can be found in our SEC filings. All forward-looking statements are based on management's estimates as of today, February 10, 2026, and the company assumes no obligation to update them. Any targets beyond the current quarter presented today should not be interpreted as guidance.
On today's call, our financial results
2026-02-11 07:111mo ago
2026-02-11 01:051mo ago
Which Big Tech Stocks Have the Most Debt, and Why It Matters
AI is big business for big tech firms. But have any taken out too much debt to keep up with the competition?
Last week, there was a flurry of earnings releases from "Big Tech" companies. Artificial intelligence is big business, and competition for many of them is stiff these days. The resulting spending spree, which has been coined "hyperscaling," is resulting in billions of dollars to buy semiconductor chips, build data centers, and develop the software to run AI.
In a recent edition of the investment newspaper, the Financial Times, an article questioned whether the "Big Tech borrowing spree raises fears over AI risks in US corporate bonds." It cited estimates of the scale of borrowing – Morgan Stanley estimates hyperscalers will raise around $400 billion in corporate bonds in 2026 to scale AI. And JPMorgan recently estimated that AI and data center firms account for 14.5% of its $10 trillion investment-grade bond index. That's nearly $1.5 trillion in existing debt.
Image source: Getty Images
This is a lot of spending, and if the returns on these massive investments don't turn out as planned, it could spell disaster for both these firms and the investors who bought their stocks.
Below is an overview of the debt levels of the key hyperscalers. This list of leading Big Tech firms includes Nvidia (NVDA), whose GPU and chips are seen at the forefront of providing the computing power to run AI. Oracle (ORCL) is also a primary supplier and one of the largest to lead the charge in building data centers and cloud computing capabilities. Alphabet (GOOG) (GOOGL), Apple (AAPL), Microsoft (MSFT), Meta (META), and Amazon (AMZN) offer a mix of cloud computing, as well as the ability to bring AI directly to consumers and businesses.
CompanyTickerDebt-to-Equity (D/E) %Debt-to-Capital (D/C) %OracleORCL519.683.9AppleAAPL152.460.4AmazonAMZN43.430.3MicrosoftMSFT32.724.6MetaMETA38.627.9AlphabetGOOGL11.410.3NvidiaNVDA9.18.3 average115.3135.10 Looking at the below chart, despite the many billions of dollars of spending going into scaling AI, most of these big tech bellwethers still have very solid balance sheets. Only Apple and Oracle owe more debt than they have cash on the balance sheet.
CompanyTickerTotal Cash & ST InvestmentsLong-Term DebtAlphabetGOOGL$98.5B$21.6BNvidiaNVDA$60.6B$7.5BMicrosoftMSFT$89.5B$35.4BAmazonAMZN$94.2B$57.9BMetaMETA$81.6B$58.7BAppleAAPL$54.7B$78.3BOracleORCL$19.8B$100.0Bsource: KoyFin The debt-to-equity (D/E) and debt-to-capital (D/C) ratios are two primary measures of a firm's solvency and of whether debt levels are excessively high. Apple and Oracle are again the two standouts that warrant further attention. Apple's debt level is arguably risky, but it has steady demand through its subscriptions and service revenues. Its iPhones are also very popular and not seen as too economically sensitive, as consumers consider their mobile phones a necessity.
Today's Change
(
-0.28
%) $
-0.76
Current Price
$
273.86
On the other hand, Oracle's debt levels are much higher. They could arguably be too high, putting the firm (and shareholders) at risk if the returns it expects from AI do not materialize as planned.
Today's Change
(
2.00
%) $
3.13
Current Price
$
159.72
One last channel check is each firm's debt ratings. Each and every firm has an investment grade rating by S&P and Moody's – the two largest and most well-known credit rating agencies. And all, save Oracle, have A ratings or higher. Only Oracle is in the B range with a credit rating of BBB by S&P and Baa2 from Moody's. Again, still investment grade, but something to keep an eye on. At this point, it shouldn't be too much of a surprise that Oracle's debt is on a negative watch, meaning it could be downgraded at some point.
The Foolish Bottom Line The above analysis sets a good baseline from which to judge the additional spending and debt raised for these big tech firms to continue to scale their AI ambitions. I am only worried about Oracle's debt levels, but it still could end up being a big winner as consumers and businesses increasingly turn to AI for research and building more efficient operations.
At the time of Writing, Ryan Fuhrmann, CFA had a position in Amazon, Alphabet, Nvidia, and Oracle. The Motley Fool has positions in and recommends Alphabet, Amazon, Apple, Nvidia, and Oracle. The Motley Fool has a disclosure policy.
2026-02-11 07:111mo ago
2026-02-11 01:061mo ago
Heineken to cut up to 6,000 jobs as beer demand falters
The logo of Heineken beer is seen on a delivery truck in Nijmegen, Netherlands March 21, 2023. REUTERS/Piroschka van de Wouw/File Photo Purchase Licensing Rights, opens new tab
LONDON, Feb 11 (Reuters) - Heineken (HEIN.AS), opens new tab said on Wednesday it would cut up to 6,000 jobs from its global workforce and set lower expectations for profit growth in 2026 than a year earlier, as the Dutch brewer and its peers grapple with weak demand for beers.
The world's No.2 brewer by market value has promised to deliver higher growth with fewer resources under a new strategy spanning the years until 2030.
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This productivity drive would unlock significant savings and reduce its global head count by between 5,000 and 6,000 roles over the next two years, it added.
The news comes as the maker of Tiger and Amstel, alongside its namesake lager, also reported forecast-beating annual organic operating profit, which grew 4.4% in 2025 versus analyst expectations for 4% growth.
But it trimmed its growth expectations for 2026 versus a year earlier, saying it expected profits to grow between 2% and 6%, rather than the 4% to 8% growth it guided for in 2025.
Reporting by Emma Rumney; Editing by Christopher Cushing and Clarence Fernandez
Our Standards: The Thomson Reuters Trust Principles., opens new tab
2026-02-11 07:111mo ago
2026-02-11 01:081mo ago
Germany's Commerzbank says 2026 net profit will likely surpass target
Item 1 of 2 Commerzbank logo is seen in this illustration taken December 3, 2025. REUTERS/Dado Ruvic/Illustration
[1/2]Commerzbank logo is seen in this illustration taken December 3, 2025. REUTERS/Dado Ruvic/Illustration Purchase Licensing Rights, opens new tab
FRANKFURT, Feb 11 (Reuters) - Germany's Commerzbank (CBKG.DE), opens new tab, fending off a possible takeover by Italy's UniCredit (CRDI.MI), opens new tab, said on Wednesday that net profit in 2026 would probably exceed its original target of 3.2 billion euros ($3.81 billion).
It attributed the rise to a rosier outlook for net interest income, from 8.4 billion euros to around 8.5 billion euros.
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It follows news on Tuesday that the bank's net profit in 2025 fell slightly as it incurred restructuring costs, though the figure beat analysts' expectations and the bank said it would buy back shares.
Italy's UniCredit has amassed a 26% equity stake in the German lender as it pushes for a tie-up between the banks, despite resistance from Commerzbank management, employees, and the German government. Commerzbank executives have been trying to convince shareholders of their standalone strategy by delivering robust earnings. "We are convinced that we can realise significant additional potential in the coming years," CEO Bettina Orlopp said.
($1 = 0.8391 euros)
Reporting by Tom Sims and Patricia Weiss Editing by Linda Pasquini
Our Standards: The Thomson Reuters Trust Principles., opens new tab
Covers German finance with a focus on big banks, insurance companies, regulation and financial crime, previous experience at the Wall Street Journal and New York Times in Europe and Asia.
2026-02-11 07:111mo ago
2026-02-11 01:151mo ago
Viking Therapeutics: The Under‑the‑Radar GLP‑1 Contender Growth Hunters Can't Ignore
This stock has been known to soar after good news.
When most people think about GLP-1 drugs, they think of the blockbuster products sold by pharma giants Eli Lilly and Novo Nordisk. Lilly makes Mounjaro and Zepbound, while Novo makes Ozempic and Wegovy. These drugs have helped people around the world shed pounds -- and as a result, they've brought in billions of dollars in sales.
These pharmaceutical companies lead the market today, but they may not remain undisturbed here for very long. Other pharma players and biotech companies are knocking on the door -- and if their candidates make it successfully through clinical development and regulatory review, they could make a grand entrance.
Before that happens, it's a great idea to scoop up shares and hold on to them as the story unfolds. Which stock to buy? Let's check out Viking Therapeutics (VKTX 2.25%), the under-the-radar GLP-1 contender that growth hunters can't ignore.
Image source: Getty Images.
How GLP-1 drugs work So, first, a quick bit of information about GLP-1 drugs. People aiming to lose weight have flocked to these products as they're easy to take -- by weekly injection -- and have safely produced fantastic results. The drugs work by interacting with hormones involved in the management of blood sugar levels and appetite.
Demand has been so high for GLP-1 drugs that shortages have even been declared in the past. This suggests that, even though Lilly and Novo lead this market right now, there's room for other players to join.
And one of these players may be Viking. The company is studying VK2735 in an injectable formulation in a phase 3 study and in a pill format in a phase 2 study. Clinical trial results so far have been strong, suggesting VK2735 may become a significant player in this market in the not-too-distant future.
Viking stands out because both the injectable and oral formulations use the same molecule, meaning that it should be easy for a patient to switch from one to the other.
Today's Change
(
-2.25
%) $
-0.66
Current Price
$
28.64
A stock known to react Investors may score a win as Viking progresses with VK2735 and announces trial data. When the company initially reported positive phase 2 trial data about two years ago, the stock soared 121% in one trading session. So Viking stock is known to react to positive news -- though I wouldn't expect such a massive gain with every bit of positive news.
And a potential regulatory approval could lead to significant revenue growth and profit down the road. That clearly supports the idea of positive stock performance over time. Finally, some investors and analysts have suggested that Viking could be a takeover target -- this could be another route to gains.
Of course, Viking, like any biotech company, faces the risk of setbacks in drug development. But if you're a growth investor who doesn't mind that risk, Viking is a GLP-1 contender that you can't ignore.
2026-02-11 07:111mo ago
2026-02-11 01:171mo ago
ABN Amro plans extra 500 million euros distribution as Q4 profit misses expectations
ABN AMRO logo is seen outside of the office of the bank in The Hague, Netherlands, June 22, 2025. REUTERS/Yves Herman Purchase Licensing Rights, opens new tab
Feb 11 (Reuters) - Dutch bank ABN Amro (ABNd.AS), opens new tab missed market forecasts on Wednesday with a 3% year-on-year rise in its fourth-quarter net profit, as impairment charges and income taxes weighed on its performance.
Profit for the quarter, including coupons paid on AT1 securities, was 410 million euros ($595 million). Analysts polled by the lender were on average expecting 466 million euros.
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ABN Amro also said it would share an additional 500 million euros with its shareholders via a share buy-back program and dividend.
The 250 million-euro buyback is the first announced in 2026, as the lender plans to return up to 100% of capital generated until 2028 to shareholders. Analysts expect the Dutch bank to return close to 1 billion euros via additional distributions in the fiscal year.
Net interest income - a measure of earnings on loans minus deposit costs - remained largely unchanged over the year and stood at 1.67 billion euros, driven by strong treasury results.
At the same time income from fees rose 14% to 572 million euros, as the lender continues to expand its revenue stream to offset stagnating interest-based results.
($1 = 0.8391 euros)
Reporting by Mateusz Rabiega; Editing by Christopher Cushing and Matt Scuffham
Our Standards: The Thomson Reuters Trust Principles., opens new tab
2026-02-11 07:111mo ago
2026-02-11 01:171mo ago
Marriott said it lost $23 million in letting go of Sonder
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Marriott said it lost $23 million from letting go of Sonder. Illustration by Thomas Fuller/SOPA Images/LightRocket via Getty Images 2026-02-11T06:17:49.785Z
Marriott executives said the Sonder breakup cost it $23 million. This comprised termination of licensing expenses and impairment charges. Sonder, a short-term rental company, filed for bankruptcy in November. The Sonder fiasco cost Marriott millions.
On a Tuesday earnings call, Marriott's outgoing finance chief, Leeny Oberg, said Marriott incurred a $23 million loss from terminating its contract with the luxury short-term rental company Sonder in November.
A Tuesday earnings report said the $23 million in charges came from termination expenses and the write-down of Marriott's licensing agreement with Sonder. Oberg added that it was a one-time expense.
There were no other mentions in the earnings call of any fallout Marriott experienced because of the termination.
In November, Marriott made headlines for giving its guests staying at Sonder properties short notice to vacate. Affected guests that Business Insider spoke to said they scrambled to find alternative accommodations at exorbitant costs, and had their vacations ruined by the experience.
Guests also described Marriott flip-flopping on its refund policy. The hotel chain initially assured guests who had booked Sonder properties through Marriott's channels that they would get a full refund. A few days later, the guests were instructed to approach their credit card companies for refunds.
Sonder workers described the chaos and confusion of the messy breakup to Business Insider, saying they found out from the news that they would be losing their jobs.
Shortly afterward, Sonder, a onetime Airbnb rival founded in 2014, filed for Chapter 7 liquidation proceedings in a Delaware federal bankruptcy court. Its stock price crashed.
Despite the hit from Sonder's termination, Marriott reported strong financial results in the latest quarter.
It reported its latest quarter revenue of $6.69 billion, a 4% increase compared to the same period the year before. Its revenue per available room increased 1.9% year on year. It had about 610,000 available rooms as of the end of December, per the Tuesday earnings report.
The company's stock increased about 8.5% after earnings were announced on Tuesday. It's up 18% in the past year.
Representatives for Marriott did not respond to a request for comment from Business Insider.
Read next
2026-02-11 07:111mo ago
2026-02-11 01:181mo ago
Dassault Systemes posts full-year revenue growth as clients shift to cloud software
The logo of Dassault Systemes is seen on a company building in Brest, France, March 14, 2022. REUTERS/Stephane Mahe Purchase Licensing Rights, opens new tab
Feb 11 - French software maker Dassault Systèmes (DAST.PA), opens new tab reported full-year 2025 revenue of 6.24 billion euros ($7.44 billion), up 4% at constant currency, with recurring revenue growing 6%, driven by an 11% jump in subscriptions as more clients turn to cloud-based services.
Fourth-quarter revenue rose just 1% at constant currency to 1.68 billion euros, at the low end of guidance.
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The company's 3DExperience platform and cloud offerings grew 10% and 8% respectively for the year, fuelled by major contracts.
The life sciences division housing the Medidata clinical trials business, saw revenue decline 2% for the year as pharmaceutical companies cut back on study starts.
Industrial Innovation software grew 6% and remains the company's growth engine.
For 2026, Dassault Systèmes forecast revenue growth of 3% to 5% at constant currency, an operating margin between 32.2% and 32.6%, and earnings per share of 1.30 to 1.34 euros.
($1=0.8392 euros)
Reporting by Leo Marchandon in Gdansk; Editing by Clarence Fernandez
Our Standards: The Thomson Reuters Trust Principles., opens new tab
2026-02-11 07:111mo ago
2026-02-11 01:311mo ago
FIW: Fundamentals Not Compelling For This $2B Water ETF
SummaryFIW is a well-established thematic water ETF with a 0.51% net expense ratio and $2.01B in assets under management. Established in 2007, it's delivered competitive returns with S&P 500 ETFs.However, except for the first few weeks of 2026, FIW has consistently trailed SPY with greater volatility. Overall, its small/mid-cap tilt has not helped, which is reflected in the fundamentals.With a $21B weighted market cap, FIW doesn't have the same quality features as SPY. However, its 23x forward P/E is elevated, and its portfolio-level earnings growth rates are low.S&P 500 earnings surprises are coming in soft so far this quarter, which might prompt a rotation into the smaller companies FIW holds. However, that's the best-case scenario.At this point, FIW isn't worth the added risk, and I don't recommend adding it to your portfolio right now.dongfang zhao/iStock via Getty Images
Investment Thesis I last reviewed the First Trust Water ETF (FIW) on October 2, 2025, when I recommended readers avoid it due to concerns about weak earnings surprises for its constituents. While FIW held a decent
Analyst’s Disclosure: I/we have a beneficial long position in the shares of SPY, MSFT either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
, /PRNewswire/ -- Flex LNG Ltd. ("Flex LNG" or the "Company") today announced its unaudited financial results for the three months and year ended December 31, 2025.
Highlights:
Vessel operating revenues of $87.5 million for the fourth quarter 2025, compared to $85.7 million for the third quarter 2025. Net income of $21.6 million and basic earnings per share of $0.40 for the fourth quarter 2025, compared to net income of $16.8 million and basic earnings per share of $0.31 for the third quarter 2025. Average Time Charter Equivalent ("TCE") rate of $70,119 per day for the fourth quarter 2025, compared to $70,921 per day for the third quarter 2025. Adjusted EBITDA of $61.8 million for the fourth quarter 2025, compared to $61.2 million for the third quarter 2025. Adjusted net income of $23.3 million for the fourth quarter 2025, compared to $23.5 million for the third quarter 2025. Adjusted basic earnings per share of $0.43 for the fourth quarter 2025, compared to $0.43 for the third quarter 2025. The Company declared a dividend for the fourth quarter 2025 of $0.75 per share. The dividend is payable on or about March 12, 2026 to shareholders, on record as of February 27, 2026. Marius Foss, CEO of Flex LNG Management AS, commented:
"We are pleased to deliver financial performance for 2025 in line with our guidance. Our Time Charter Equivalent rate for the fleet came in at $71,728/day for the full-year 2025, thus in line with our guidance of $71,000 to 72,000/day. Adjusted EBITDA in 2025 was $251.1 million, slightly ahead of our guidance of ~$250 million. Following extensive refinancing initiatives in 2024 and 2025, we are now realizing tangible benefits. Full-year 2025 interest expenses declined to $92.6 million, down $13 million from 2024, driven by improved loan margins, lower base rates, and proactive management of our revolving credit facilities. Adjusted net income in the fourth quarter was $23.3 million, contributing to FY2025 adjusted net income of $101.1 million, with adjusted EPS of $1.87 per share.
The long-term LNG story remains compelling, and we view 2025 as the start of the third wave of new liquefaction capacity coming online. In 2025, global LNG exports grew by approximately 4% year-on-year, reaching 429 million tons ("MT"). North American projects were a major driver of this growth, with 25% growth year-on-year. Momentum in global project development also picked up, with 70 million tons per annum ("MTPA") of new projects reaching FID during 2025, bringing total capacity under construction to around ~200 MTPA.
The short- to medium-term outlook for LNG shipping is expected to be impacted by deliveries of newbuildings ahead of liquefaction projects coming on stream. We anticipate continued volatility in the spot market over the next 12–18 months. In this period our contract backlog, currently a minimum of 50 years and potentially extending to 75 years if charterers exercise all extension options, provides us with earnings visibility. In 2026 we will remain exposed to a softer spot market for up to three open vessels, including the redelivery of Flex Aurora later in the first quarter of 2026.
Our 2026 financial guidance reflects the current soft market for our spot exposed ships, with wider ranges for TCE, revenues, and adjusted EBITDA. At the same time, we have strengthened our balance sheet to navigate these conditions. We completed three refinancings worth $530 million in 2025, enabling us to release $137 million in net cash proceeds, while at the same time both lowering our interest costs and increasing our debt maturity profile. As a result, we have no debt maturities before 2029, and we closed the year with a robust cash position of $448 million.
We are committed to shareholder return, and the Board has declared an ordinary quarterly dividend of $0.75 per share. This is our eighteenth ordinary quarterly dividend of $0.75 per share; and when adding special dividends, we will have paid out approximately $770 million of dividends to our shareholders since 2021."
Fourth Quarter 2025 Result Presentation
In connection with the earnings release, a video webcast will be held today at 15:00 CET (09:00 a.m. EST).
In order to watch the webcast, use the following link:
Fourth Quarter 2025 Earnings Presentation
A Q&A session will be held after the webcast. Information on how to submit questions will be given at the beginning of the session.
The presentation material which will be used in the live video webcast can be downloaded on www.flexlng.com and replay details will also be available at this website.
For further information, please contact:
Mr. Knut Traaholt, Chief Financial Officer of Flex LNG Management AS
Telephone: +47 23 11 40 00
Email: [email protected]
Forward-Looking Statements
Matters discussed in this press release may constitute forward-looking statements. The Private Securities Litigation Reform Act of 1995 provides safe harbor protections for forward-looking statements in order to encourage companies to provide prospective information about their business. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts. The Company desires to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe harbor legislation. The words "believe," "expect," "forecast," "anticipate," "aim," "commit," "estimate," "intend," "plan," "possible," "potential," "pending," "target," "project," "likely," "may," "will," "would," "should," "could" and similar expressions identify forward-looking statements.
The forward-looking statements in this press release are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without limitation, management's examination of historical operating trends, data contained in the Company's records and other data available from third parties. Although management believes that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond the Company's control, there can be no assurance that the Company will achieve or accomplish these expectations, beliefs or projections. As such, these forward-looking statements are not guarantees of the Company's future performance, and actual results and future developments may vary materially from those projected in the forward-looking statements. The Company undertakes no obligation, and specifically declines any obligation, except as required by applicable law or regulation, to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. New factors emerge from time to time, and it is not possible for the Company to predict all of these factors. Further, the Company cannot assess the effect of each such factor on its business or the extent to which any factor, or combination of factors, may cause actual results to be materially different from those contained in any forward-looking statement.
In addition to these important factors, other important factors that, in the Company's view, could cause actual results to differ materially from those discussed in the forward-looking statements include: unforeseen liabilities, future capital expenditures, the strength of world economies and currencies, inflationary pressures and central bank policies intended to combat overall inflation and rising interest rates and foreign exchange rates, general market conditions, including fluctuations in charter rates and vessel values, changes in demand in the LNG tanker market, the Company's business strategy and expected and unexpected capital spending and operating expenses, including drydocking, surveys, repairs, upgrades, insurance costs and bunker costs, the fuel efficiency of the Company's vessels, the market for the Company's vessels, availability of financing and refinancing, ability to comply with covenants in such financing arrangements, failure of counterparties to fully perform their contracts with the Company, changes in governmental rules and regulations or actions taken by regulatory authorities, including those that may limit the commercial useful lives of LNG tankers, customers' increasing emphasis on environmental and safety concerns, potential liability from pending or future litigation, global and regional economic and political conditions and developments, armed conflicts, including the war between Russia and Ukraine, and possible cessation of such war in Ukraine, the conflict between Israel and Hamas and related conflicts in the Middle East, the Houthi attack in the Red Sea and Gulf of Aden, threats by Iran to close the Strait of Hormuz, trade wars, tariffs, embargoes and strikes, the impact of restrictions on trade, including the imposition of new tariffs, port fees and other import restrictions by the United States on its trading partners and the imposition of retaliatory tariffs by China and the European Union on the United States, business disruptions, including supply chain disruption and congestion, due to natural or other disasters or otherwise, potential physical disruption of shipping routes due to accidents, climate-related incidents, public health threats or political events, potential cybersecurity or other privacy threats and data security breaches, vessel breakdowns and instances of offhire, and other factors, including those that may be described from time to time in the reports and other documents that the Company files with or furnishes to the U.S. Securities and Exchange Commission ("Other Reports"). For a more complete discussion of certain of these and other risks and uncertainties associated with the Company, please refer to the Other Reports.
This information was brought to you by Cision http://news.cision.com
Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
2026-02-11 07:111mo ago
2026-02-11 01:391mo ago
Heineken to Cut Thousands of Jobs in Tough Beer Market
A staff member introduces Tencent Cloud service during a government-organized media tour to Tencent headquarters in Shenzhen, Guangdong province China September 27, 2020. REUTERS/David Kirton Purchase Licensing Rights, opens new tab
CompaniesBEIJING, Feb 11 (Reuters) - Tencent Cloud said on Wednesday it has partnered with U.S. automaker Tesla (TSLA.O), opens new tab to offer in-car features such as instant transfer of WeChat location data and smart services suggestions based on destination.
The upgrade will be delivered via an over-the-air update to Model 3 and Y vehicles in China and will be available by default on future vehicles, Tencent Cloud said.
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Reporting by Ethan Wang and Ryan Woo; Editing by Christopher Cushing
Our Standards: The Thomson Reuters Trust Principles., opens new tab
HAMILTON, Bermuda, Feb. 11, 2026 /PRNewswire/ -- Please find enclosed the presentation of Flex LNG Ltd.'s fourth quarter 2025 results which will be presented in a live video webcast today at 15:00 CET (09:00 a.m. EST).
In order to watch the webcast, use the following link: Fourth Quarter 2025 Earnings Presentation
A Q&A session will be held after the webcast. Information on how to submit questions will be given at the beginning of the session.
The presentation can also be accessed on our website www.flexlng.com
For further information, please contact:
Mr. Knut Traaholt, Chief Financial Officer of Flex LNG Management AS
Telephone: +47 23 11 40 00
Email: [email protected]
This information was brought to you by Cision http://news.cision.com
Eutelsat Group logo is pictured at their Paris headquarters in Issy-les-Moulineaux, France, April 3, 2025. REUTERS/Benoit Tessier/File Photo Purchase Licensing Rights, opens new tab
Feb 11 (Reuters) - Eutelsat has secured about 1 billion euros ($1.2 billion) in export credit financing to fund the procurement of low Earth orbit satellites for its OneWeb constellation, it said on Wednesday.
The financing, backed by a French state guarantee, will support a contract with Airbus for 340 satellites, subject to conditions including a bond issuance by Eutelsat Communications, the company said.
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($1 = 0.8389 euros)
Reporting by Jerome Terroy
Our Standards: The Thomson Reuters Trust Principles., opens new tab
2026-02-11 07:111mo ago
2026-02-11 01:481mo ago
Siemens Energy Books Record Order Backlog, Driven by AI Data-Center Boom
AGL Energy Limited (AGLXY) M&A Call February 10, 2026 10:00 PM EST
Company Participants
Brian Maher - Group Chief Executive Officer
Jonathan Prosser
Conference Call Participants
Liam Robertson - Jarden Limited, Research Division
Jonathon Higgins
Ian Munro - Ord Minnett Limited, Research Division
James Wilson - Macquarie Research
Eric Choi - Barrenjoey Markets Pty Limited, Research Division
Benjamin Jones - JPMorgan Chase & Co, Research Division
John Campbell - Jefferies LLC, Research Division
Evan Karatzas - UBS Investment Bank, Research Division
Brian Han - Morningstar Inc., Research Division
Presentation
Operator
Thank you for standing by, and welcome to the Aussie Broadband Limited Briefing. [Operator Instructions]
I would now like to hand the conference over to Mr. Brian Maher, CEO. Please go ahead.
Brian Maher
Group Chief Executive Officer
Thank you. Good afternoon, everyone, and welcome to this Aussie Broadband Group Investor Call. I'm Brian Maher, the CEO of Aussie Broadband, and I'm joined today by Jonathan Prosser, our Group Executive Residential, who will have operational control of the business we're going to talk about today.
While we're only a couple of weeks away from the release of our half year results, the significance of this announcement meant I thought it was appropriate to hear from me on the strategic rationale of the transaction and to give investors the chance to ask questions ahead of that time. We will not be discussing the first half FY '26 results on the call today.
We're very proud and excited to have announced an agreement with AGL this morning, which consists of the acquisition of AGL Telco and its associated customer assets, including telecommunication services under the AGL and Southern Phone brands and importantly, an exclusive long-term partnership with AGL.
This agreement represents a significant stepping stone in the execution of our Look-to-28 strategy with a material uplift in owned customer
Analyst’s Disclosure: I/we have a beneficial long position in the shares of CWCO either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
2026-02-11 07:111mo ago
2026-02-11 02:001mo ago
Merus Power Delivers an Energy Storage System for Extreme Arctic Conditions
YLÖJÄRVI, Finland--(BUSINESS WIRE)--Merus Power Oyj has signed a battery energy storage deal worth approximately 13 million euros with Neve Oy. The 30 MW/80 MWh facility is designed to operate in extremely cold conditions and will be delivered to Rovaniemi at the end of 2026. The companies have also agreed on comprehensive operations and maintenance services for the energy storage facility.
The energy storage facility is engineered to operate reliably in Arctic conditions, withstanding temperatures down to –50 °C, heavy snowfall, and ice. The system uses grid forming technology that supports the inertia of the electricity grid and strengthens the stability of the electricity system. Merus Power delivered the first grid forming energy storage facilities in the Nordic countries to Valkeakoski and Lappeenranta last year.
Merus Power is responsible for the manufacture, installation, and testing of the BESS. The system is based on advanced technology developed by Merus Power in Finland and the company's own software, which controls and operates the BESS as part of the critical electricity infrastructure. Finnish software development, quality, and cybersecurity features support the system's operational reliability and controllability even in exceptional situations and crises.
Neve Oy is a Lapland-based, multi-sector group owned by the city of Rovaniemi. The company is responsible for electricity transmission, electricity and district heating production, district heating networks and services, water supply, fiber optics, and other energy and infrastructure services in the demanding conditions of the north. The energy storage facility to be delivered will enable participation in several different electricity markets, supporting the flexibility of the electricity grid and the operational reliability of the energy system in demanding conditions.
“Arctic conditions place exceptional requirements on electrical systems. Merus Power's solution responds to these challenges and supports our strategic goal of developing reliable and sustainable energy solutions for the demanding conditions of Lapland,” says Kristian Gullsten, CEO of Neve Oy.
“Merus Power’s energy storage solutions have been developed for demanding electricity grid environments where performance, reliability, and high availability are critical factors. We are proud that our modular solutions can be tailored to our customers' needs. With our technological expertise, we can support Neve Oy in developing the flexibility and reliability of its energy system,” comments Kari Tuomala, CEO of Merus Power.
The deal strengthens Merus Power's position as a supplier of demanding energy storage solutions both in the Nordic countries and internationally.
Merus Power
Merus Power is a Finnish technology company driving the sustainable energy transition. We design and produce innovative energy storages, power quality solutions and services for the needs of renewable energy and industry. Through our scalable technology, we facilitate the growth of renewable energy in electricitygrids and improve the energy efficiency of society.
Our net sales in 2025 were EUR 54.6 million and our stock’s trading symbol on the Nasdaq First North Growth Market Finland is MERUS.