Market Signal Briefing

NEW YORK, Feb. 23, 2026 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces that a class action lawsuit has been filed against CoreWeave, Inc. (NASDAQ:CRWV) and certain of the Company’s senior executives for securities fraud after significant stock drops resulting from the potential violations of the federal securities laws.

If you invested in CoreWeave, you are encouraged to obtain additional information by visiting: https://www.bfalaw.com/cases/coreweave-inc-class-action-lawsuit.

Investors have until March 13, 2026, to ask the Court to be appointed to lead the case. The complaint asserts claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 on behalf of investors in CoreWeave securities. The case is pending in the U.S. District Court for the District of New Jersey and is captioned Masaitis v. CoreWeave, Inc., et al., No. 2:26-cv-00355.

Why is CoreWeave Being Sued For Securities Fraud?

CoreWeave is an AI-focused cloud computing company that builds and operates data centers offering high-performance GPU infrastructure. CoreWeave relies on multiple partners to develop its data centers and provide the infrastructure needed for its AI computing operations, including Core Scientific, a large digital infrastructure company. On July 7, 2025, CoreWeave announced a merger agreement with Core Scientific.

During the relevant period, CoreWeave repeatedly assured investors it could capitalize on the “robust” and “unprecedented” demand for its services given its “competitive strengths,” including its ability to “deploy” AI infrastructure “at massive scale” and “rapidly scale our operations.”

As alleged, in truth, CoreWeave overstated its ability to meet customer demand and concealed significant construction delays at its data centers.

Why did CoreWeave’s Stock Drop?

On October 30, 2025, Core Scientific announced it did not receive enough shareholder votes to approve the merger with CoreWeave and, as a result, terminated the merger agreement. This news caused the price of CoreWeave stock to drop $8.87 per share, or more than 6%, from $139.93 per share on October 29, 2025, to $131.06 per share on October 30, 2025.

Then, on November 10, 2025, CoreWeave lowered guidance for revenue, operating income, capital spending, and active power capacity for 2025 due to “temporary delays related to a third-party data center developer who is behind schedule.” This news caused the price of CoreWeave stock to drop $17.22 per share, or more than 16%, from $105.61 per share on November 10, 2025, to $88.39 per share on November 11, 2025.

Finally, on December 15, 2025, The Wall Street Journal reported that the “completion date” for a “huge data-center cluster” in Denton, Texas to be leased by OpenAI, “has been pushed back several months,” and that the site builder, Core Scientific, had flagged delays at the site months earlier. The Wall Street Journal also reported that Core Scientific had flagged additional delays at sites in Texas and elsewhere “since at least February.” This news caused the price of CoreWeave stock to drop $2.85 per share, or more than 3%, from $72.35 per share on December 15, 2025, to $69.50 per share on December 16, 2025.

Click here for more information: https://www.bfalaw.com/cases/coreweave-inc-class-action-lawsuit.

What Can You Do?

If you invested in CoreWeave, you may have legal options and are encouraged to submit your information to the firm.

All representation is on a contingency fee basis, there is no cost to you. Shareholders are not responsible for any court costs or expenses of litigation. The firm will seek court approval for any potential fees and expenses.

Submit your information by visiting:

https://www.bfalaw.com/cases/coreweave-inc-class-action-lawsuit

Or contact:
Adam McCall
[email protected]
212.789.3619

Why Bleichmar Fonti & Auld LLP?

BFA is a leading international law firm representing plaintiffs in securities class actions and shareholder litigation. It has been named a top plaintiff law firm by Chambers USA, The Legal 500, and ISS SCAS, and its attorneys have been named “Elite Trial Lawyers” by the National Law Journal, “Litigation Stars” by Benchmark Litigation, among the top “500 Leading Plaintiff Financial Lawyers” by Lawdragon, “Titans of the Plaintiffs’ Bar” by Law360 and “SuperLawyers” by Thomson Reuters. Among its recent notable successes, BFA recovered over $900 million in value from Tesla, Inc.’s Board of Directors, as well as $420 million from Teva Pharmaceutical Ind. Ltd.

For more information about BFA and its attorneys, please visit https://www.bfalaw.com.

https://www.bfalaw.com/cases/coreweave-inc-class-action-lawsuit

Attorney advertising. Past results do not guarantee future outcomes.

NEW YORK, Feb. 23, 2026 (GLOBE NEWSWIRE) -- Leading securities law firm Bleichmar Fonti & Auld LLP announces that a class action lawsuit has been filed against Plug Power Inc. (NASDAQ:PLUG) and certain of the Company’s senior executives for securities fraud after significant stock drops resulting from the potential violations of the federal securities laws.

If you invested in Plug Power, you are encouraged to obtain additional information by visiting: https://www.bfalaw.com/cases/plug-power-class-action-lawsuit.

Investors have until April 3, 2026, to ask the Court to be appointed to lead the case. The complaint asserts claims under Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 on behalf of investors in Plug Power securities. The case is pending in the U.S. District Court for the Northern District of New York and is captioned Ortolani v. Plug Power Inc., et al., No. 1:26-cv-00165.

Why is Plug Power Being Sued for Securities Fraud?

Plug Power provides hydrogen fuel cell turnkey solutions for the electric mobility and stationary power markets and develops infrastructure such as hydrogen production plants. During the relevant period, Plug Power announced it had “closed a $1.66 billion loan guarantee” from the U.S. Dept. of Energy’s Loan Program Office to “help finance the construction of up to six projects to produce and liquefy zero- or low-carbon hydrogen at scale throughout the United States.”

As alleged, in truth, Plug Power materially overstated the likelihood that DOE loan funds would ultimately become available to Plug Power, and that Plug Power would ultimately construct the hydrogen production facilities necessary to receive those funds.

Why did Plug Power’s Stock Drop?

On October 7, 2025, Plug Power announced the abrupt departure of its CEO, Andrew Marsh, and its President, Sanjay Shrestha. This news caused the price of Plug Power stock to drop $0.26 per share, or 6.3%, from a closing price of $4.13 per share on October 6, 2025, to $3.87 per share on October 7, 2025.

A month later, on November 10, 2025, Plug Power announced that it “suspended activities under the DOE loan program,” which purportedly allowed the Company to “redeploy capital” to pursue an agreement with a U.S. data center developer to monetize electricity rights. This news caused the price of Plug Power stock to drop $0.09 per share, or 3.4%, from a closing price of $2.65 per share on November 7, 2025, to $2.56 per share on November 10, 2025, the next trading day.

Then, on November 13, 2025, The Washington Examiner reported that Plug Power “confirmed . . . that it suspended activities” on “its plans to construct six facilities to produce and liquefy zero or low-carbon hydrogen, putting at risk” the $1.66 billion DOE loan it closed in January. This news caused the price of Plug Power stock to drop $0.48 per share, or 17.6%, from a closing price of $2.49 per share on November 13, 2025, to $2.25 per share on November 14, 2025.

Click here for more information: https://www.bfalaw.com/cases/plug-power-class-action-lawsuit.

What Can You Do?

If you invested in Plug Power, you may have legal options and are encouraged to submit your information to the firm.

All representation is on a contingency fee basis, there is no cost to you. Shareholders are not responsible for any court costs or expenses of litigation. The firm will seek court approval for any potential fees and expenses.

Submit your information by visiting:

https://www.bfalaw.com/cases/plug-power-class-action-lawsuit

Or contact:
Adam McCall
[email protected]
212.789.3619

Why Bleichmar Fonti & Auld LLP?

BFA is a leading international law firm representing plaintiffs in securities class actions and shareholder litigation. It has been named a top plaintiff law firm by Chambers USA, The Legal 500, and ISS SCAS, and its attorneys have been named “Elite Trial Lawyers” by the National Law Journal, “Litigation Stars” by Benchmark Litigation, among the top “500 Leading Plaintiff Financial Lawyers” by Lawdragon, “Titans of the Plaintiffs’ Bar” by Law360 and “SuperLawyers” by Thomson Reuters. Among its recent notable successes, BFA recovered over $900 million in value from Tesla, Inc.’s Board of Directors, as well as $420 million from Teva Pharmaceutical Ind. Ltd.

For more information about BFA and its attorneys, please visit https://www.bfalaw.com.

https://www.bfalaw.com/cases/plug-power-class-action-lawsuit

Attorney advertising. Past results do not guarantee future outcomes.

Aviva PLC (LSE:AV.) reports full-year results on 5 March, and the headline number investors will be watching most closely is not the profit figure but the buyback.

Deutsche Bank, which carries a 'buy' rating and a 760p price target on the stock against a current share price of around 655 pence, expects operating profit of £2.2 billion and a dividend of 39.3 pence per share. More pointedly, it forecasts the resumption of share buybacks at £350 million, a signal that management is confident enough in the capital position to return cash more aggressively to shareholders.

Beyond the headline numbers, Deutsche Bank flags three areas likely to draw the most attention from analysts and investors.

The first is property and casualty, where the market will want detail on retail and commercial lines pricing, the trajectory of claims costs and how frequency trends are developing across Aviva's UK, Irish and Canadian operations.

The second is autonomous vehicles. It is an emerging question for the whole insurance sector rather than an Aviva-specific one, but management's thinking on how self-driving technology reshapes both retail and commercial motor risk will be closely watched.

The third is reinsurance. The integration of the Direct Line book has given Aviva greater scale, and investors will be looking for evidence that more competitive conditions in the reinsurance market have translated into better pricing or improved terms on the risks Aviva cedes. If the Direct Line deal is already delivering tangible reinsurance benefits, that would be a meaningful early win.

An employee works on his laptop near Wipro's logo inside the premises of the company in Bengaluru, India, August 13, 2025. REUTERS/Priyanshu Singh/File Photo Purchase Licensing Rights, opens new tab

BENGALURU, Feb 23 (Reuters) - India's Wipro (WIPR.NS), opens new tab expects rapid AI adoption to boost rather than shrink demand for software service providers, a top executive said, countering concerns that the technology threatens the industry's outsourcing model.

The $283 billion sector has been hit by a sharp market selloff amid investor fears that AI tools could upend its traditional, labour-intensive operating model.

Get the latest news from India and how it matters to the world with the Reuters India File newsletter. Sign up here.

"When you look at the entire gamut of things that's possible, it really appears like a large opportunity for us," Hari Shetty said in an interview, adding that he expected AI to create more jobs than it displaces.

"What you're seeing today is basically task automation. What we are really talking about is autonomous enterprise, which is a completely different ball game that will require IT services companies to work deeply with clients to actually convert them."

Calling AI "probably the single biggest opportunity" for the industry and comparable to the discovery of electricity or the internet, he said current debates focus too narrowly on automation while missing a broader structural shift.

Citing World Economic Forum estimates, he said AI could create 170 million jobs globally while disrupting roughly 92 million, adding that India's IT sector will see strong demand for skills such as model training, data curation, and responsible AI.

"The primary differentiation here is people who know AI and people who do not know AI," he said.

Shetty argued that, much like cloud computing, AI will broaden rather than diminish the responsibilities of service providers.

Wipro continues to see strong demand for younger, "AI literate" engineers, he said, countering predictions that the industry's traditional staffing pyramid will hollow out.

What companies need are partners who understand their domain processes deeply enough to help them transition to "autonomous enterprises," a shift he expects will shape the next decade of technology spending.

"We clearly think AI is a dominant force, at least for the next decade to two decades, in terms of the kind of business that it will drive," he said.

Reporting by Haripriya Suresh in Bengaluru; Editing by Dhanya Skariachan and Ronojoy Mazumdar

Our Standards: The Thomson Reuters Trust Principles., opens new tab

Haripriya reports on India’s $254-billion Indian information technology (IT) industry, the country’s burgeoning GCCs, as well as new-age startups. With seven years of experience, she has previously reported on politics, civic issues, crime, and breaking news in south India, and tracked the country’s gig economy. She has a degree in Media Studies with a specialisation in journalism from the Symbiosis Centre for Media and Communication.

HALIFAX, Nova Scotia--(BUSINESS WIRE)--Today, February 23, 2026, Emera Inc. (“Emera”) (TSX/NYSE: EMA) reported 2025 fourth quarter and annual financial results1.

Highlights

Delivered record annual adjusted earnings per share2 (“EPS”) of $3.49 for 2025, a 19% year-over-year increase, and annual reported EPS of $3.39. For the first time, reported more than $1 billion in annual adjusted net income2, with 2025 adjusted net income2 of $1.045 billion and reported net income of $1.014 billion. Executed largest ever annual capital plan of $3.6 billion, driving 8% rate base growth year-over-year. Extended average adjusted EPS2 growth target of 5-7%3 through 2030. “Without question, 2025 was a strong year for Emera,” said Scott Balfour, President and CEO of Emera Inc. “For the first time, we exceeded $1 billion in annual adjusted net income and saw a 19% increase in average adjusted EPS2 over 2024. We are making disciplined, strategic investments in the business at historic levels, strengthening the essential infrastructure our customers rely on. Every dollar invested is paced with care - balancing customer affordability with the long-term reliability, resilience and value our stakeholders expect.”

Extension of Average Adjusted EPS1 Growth Target

Emera is extending its average adjusted EPS2 growth target of 5-7%3 through 2030. This decision highlights the company’s commitment to driving long-term shareholder value, including through focused investments in the robust and high growth jurisdictions in which it operates.

2025 Financial Results

2025 adjusted net income2 was $1.045 billion, or $3.49 per common share, compared with $849 million, or $2.94 per common share in 2024. The increase in 2025 adjusted net income2 was primarily due to increased earnings at Tampa Electric (“TEC”), Emera Energy Services (“EES”) and New Mexico Gas Company (“NMGC”). These were partially offset by the impact of the sale of Emera’s interest in the Labrador Island Link (“LIL”) which contributing earnings in early 2024 before its sale, lower earnings at Nova Scotia Power (“NSPI”) and higher Corporate costs.

2025 reported net income was $1.014 billion, or $3.39 per common share, compared with a reported net income of $494 million, or $1.71 per common share in 2024. The increase in 2025 reported net income included a $41 million mark-to-market (“MTM”) gain, after-tax, compared to a $291 million MTM loss, after-tax in 2024, and $72 million in charges related to the pending sale of NMGC, after-tax. Reported net income for 2024 included a $129 million gain, after tax and transaction costs, on the sale of Emera’s equity interest in LIL, a $58 million tax benefit related to a specific financing structure and its wind-up, $225 million in charges to goodwill related to the pending sale of NMGC, after-tax and $26 million in charges related to wind-down costs and certain asset impairments after-tax.

For the year ended December 31, 2025, the impact of a weaker CAD on US denominated earnings increased adjusted net income2 by $13 million and increased reported net income by $49 million, compared to the same period in 2024. Impacts of the changes in the translation of the CAD include the impacts of Corporate FX hedges used to mitigate translation risk of USD earnings in the Other segment.

Q4 2025 Financial Results

Q4 2025 adjusted net income2 was $167 million, or $0.55 per common share, compared to $246 million, or $0.84 per common share, in Q4 2024. The decrease was primarily due to decreased earnings at NSPI and NMGC, reduced tax recoveries, and unfavourable weather at Tampa Electric, partially offset by increased earnings at EES.

Q4 2025 reported net income was $68 million, or $0.23 per common share, compared to net income of $154 million, or $0.52 per common share, in Q4 2024, primarily due to lower adjusted net income as described above, partially offset by a $47 million decrease in MTM losses, after-tax. Q4 2024 reported net income also included a $58 million tax benefit related to a specific financing structure and its wind-up and a $22 million tax benefit related to the incremental gain on sale of LIL, partially offset by $26 million in charges related to wind-down costs and certain asset impairments.

In Q4 2025 the translation impact of a stronger CAD on USD denominated earnings decreased adjusted net income2 by $3 million and decreased reported net income by $3 million, compared to the same period in 2024.

Segment Results and Non-GAAP Reconciliation

  For the

Three months ended
December 31

Year ended
December 31

millions of Canadian dollars (except per share amounts)

2025

2024

2025

2024

Adjusted net income 1,2

Florida Electric Utility

$

119

$

120

$

845

$

644

Canadian Electric Utilities

31

77

182

232

Gas Utilities and Infrastructure

76

87

276

267

Other Electric Utilities

15

21

43

48

Other3

(74)

(59)

(301)

(342)

Adjusted net income1,2

$

167

$

246

$

1,045

$

849

MTM (loss) gain, after-tax 4

(99)

(146)

41

(291)

Charges related to the pending sale of NMGC, after-tax 5,6

-

-

(72)

(225)

Gain on sale of LIL, after tax 7

-

22

-

129

Financing structure wind-up

-

58

-

58

Charges related to wind-down costs and

certain asset impairments, after-tax 8

-

(26)

-

(26)

Net income attributable to common shareholders

$

68

$

154

$

1,014

$

494

EPS (basic)

$

0.23

$

0.52

$

3.39

$

1.71

Adjusted EPS (basic) 1,2

$

0.55

$

0.84

$

3.49

$

2.94

1 See “Non-GAAP Financial Measures and Ratios” noted below.

2 Excludes the effect of MTM adjustments, after-tax, charges related to the pending sale of NMGC, after-tax, gain on sale of LIL, after-tax, financing structure wind-up, and certain charges related to wind-down costs and certain asset impairments, after-tax.

3Lower earnings, quarter-over-quarter, primarily due to lower income tax recovery, partially offset by higher contributions from EES. Higher earnings year-over-year due to higher contributions from EES, partially offset by lower income tax recovery and higher interest expense.

4 Net of income tax recovery of $39 million for the three months ended December 31, 2025 (2024 – $57 million recovery) and $17 million expense for the year ended December 31, 2025 (2024 – $117 million recovery).

5 Represents (i) $71 million non-cash impairment charge, after-tax and $1 million in transaction costs, after-tax for the year ended December 31, 2025 and (ii) $206 million in non-cash goodwill and other impairment charges, after-tax and $19 million in transaction costs, after-tax for the year ended December 31, 2024.

6 Net of income tax recovery of $5 million for the year ended December 31, 2025 (2024 – $21 million).

7 Includes an income tax recovery of $22 million for the three months ended December 31, 2024, and net of income tax expense of $53 million for the year ended December 31, 2024.

8 Net of income tax recovery of $6 million for the three months and year ended December 31, 2024. Consolidated Financial Review

The following table highlights significant quarter-over-quarter and year-over-year changes in adjusted net income from 2024 to 2025:

For the

Three months ended

Year ended

millions of Canadian dollars

December 31

December 31

Adjusted net income – 2024 1,2

$

246

$

849

Operating Unit Performance

Increased earnings at TEC year-over-year due to higher revenue from new base rates, customer growth, favourable weather, and the impact of a weaker CAD. These were partially offset by higher operating, maintenance and general expenses ("OM&G"), depreciation, interest expense, and income tax expense

(1)

201

Increased earnings at EES due to favourable weather conditions that led to higher natural gas prices and increased volatility that created profitable opportunities

17

50

Decreased earnings at NMGC quarter-over-quarter due to higher OM&G. Increased earnings year-over-year due to higher revenue from new base rates, partially offset by higher OM&G and depreciation expense

(12)

10

Decreased income from equity investments due to the sale of LIL in Q2 2024

-

(28)

Decreased earnings at NSPI quarter-over-quarter primarily due to lower income tax recovery due to the utilization of tax loss carryfowards recognized as a deferred income tax regulatory liability in 2024. For both quarter-over-quarter and year-over-year decreased earnings due to higher OM&G and higher depreciation expense, partially offset by higher revenue due to favourable weather

(49)

(19)

Corporate

Increased interest expense due to the increased higher Corporate debt and the impact of a weaker CAD on USD interest expense, partially offset by lower interest rates

(4)

(14)

Decreased income tax recovery due to decreased deferred income tax asset valuation allowance adjustment

(27)

(9)

Other Variances

(3)

5

Adjusted net income – 2025 1,2

$

167

$

1,045

1 See “Non-GAAP Financial Measures and Ratios” noted below and “Segment Results and Non-GAAP Reconciliation" for reconciliation to nearest GAAP measure.

2 Excludes the effect of MTM adjustments, after-tax, charges related to the pending sale of NMGC, after-tax, gain on sale of LIL, after-tax, financing structure wind-up, and certain charges related to wind-down costs and certain asset impairments, after-tax.

1 Non-GAAP Financial Measures and Ratios
Emera uses financial measures that do not have standardized meaning under USGAAP and may not be comparable to similar measures presented by other entities. Emera calculates the non-GAAP measures and ratios by adjusting certain GAAP measures for specific items. Management believes excluding these items better distinguishes the ongoing operations of the business. For further information on the non-GAAP financial measure, adjusted net income, and the non-GAAP ratio, adjusted EPS – basic, refer to the "Non-GAAP Financial Measures and Ratios" section of Emera’s Q4 2025 MD&A, which is incorporated herein by reference and can be found on SEDAR+ at www.sedarplus.ca and on EDGAR at www.sec.gov. Reconciliation to the nearest GAAP measure is included in “Segment Results and Non-GAAP Reconciliation” above.

Forward-Looking Information

This news release contains forward-looking information or forward-looking statements within the meaning of applicable securities laws (collectively, “forward-looking information”), including without limitation, statements about the Company’s expectations regarding future growth, including plans to target an average adjusted EPS1 growth rate of 5 to 7 per cent through 2030; the Company’s plans for future strategic investments to strengthen essential infrastructure and balance customer affordability with long-term reliability, resilience and stakeholder value; and the Company’s commitment to increasing shareholder value through focused investments in its high-growth operating jurisdictions. By its nature, forward-looking information requires Emera to make assumptions and is subject to inherent risks and uncertainties. These statements reflect Emera management’s current beliefs and are based on information currently available to Emera management. There is a risk that predictions, forecasts, conclusions and projections that constitute forward-looking information will not prove to be accurate, that Emera’s assumptions may not be correct and that actual results may differ materially from those expressed or implied by such forward-looking information. Additional detailed information about these assumptions, risks and uncertainties is included in Emera’s securities regulatory filings, including under the heading “Enterprise Risk and Risk Management” in Emera’s annual Management’s Discussion and Analysis, and under the heading “Principal Financial Risks and Uncertainties” in the notes to Emera’s annual and interim financial statements, which can be found on SEDAR+ at www.sedarplus.ca and on EDGAR at www.sec.gov. The forward-looking information in this news release is made only as of the date of thereof, and Emera disclaims any intention or obligation to update or revise any forward-looking information.

Teleconference Call

The company will be hosting a teleconference today, Monday, February 23, 2026, at 9:30 a.m. Atlantic (8:30 a.m. Eastern) to discuss the Q4 2025 financial results.

Analysts and other interested parties in North America are invited to participate by dialing 1-800-717-1738. International parties are invited to participate by dialing 1-289-514-5100. Participants should dial in at least 10 minutes prior to the start of the call. No pass code is required.

A live and archived audio webcast of the teleconference will be available on the Company's website, www.emera.com. A replay of the teleconference will be available on the Company’s website two hours after the conclusion of the call.

About Emera

Emera (TSX/NYSE: EMA) is a leading North American provider of energy services headquartered in Halifax, Nova Scotia, with investments in regulated electric and natural gas utilities, and related businesses and assets. The Emera family of companies delivers safe, reliable energy to approximately 2.7 million customers in Canada, the United States and the Caribbean. Our team of 7,800 employees is committed to our purpose of energizing modern life and delivering a cleaner energy future for all. Emera’s common and preferred shares are listed and trade on the Toronto Stock Exchange and its common shares are listed and trade on the New York Stock Exchange. Additional information can be accessed at www.emera.com, on SEDAR+ at www.sedarplus.ca and on EDGAR at www.sec.gov.

More News From Emera Inc.

VANCOUVER, BRITISH COLUMBIA / ACCESS Newswire / February 23, 2026 / Dynamite Blockchain Corp. (the "Company" or "Dynamite") (CSE:KAS)(OTC:CRYBF) is pleased to provide an update on its Masters of Trivia utility token ("MOT"), specifically the launch of its upcoming milestone global tournament. Dynamite Holding Performance According to publicly available market data from CoinMarketCap, the Masters of Trivia utility token ("MOT") in recent weeks has traded above $5.00 USD.

Heineken N.V. reports the progress of transactions under its current
 share buyback programme

Amsterdam, 23 February 2026 - Heineken N.V. (EURONEXT: HEIA; OTCQX: HEINY) hereby reports transaction details related to the second €750 million tranche of its €1.5 billion share buyback programme as communicated on 12 February 2026.

From 16 February 2026 up to and including 20 February 2026 a total of 74,946 shares were repurchased on exchange at an average price of € 77.41. During the same period, 81,014 shares were repurchased from Heineken Holding N.V.

Up to and including 20 February 2026, a total of 235,161 shares were repurchased under the second tranche of the share buyback programme for a total consideration of € 18,369,396 (including shares repurchased from Heineken Holding N.V.).

Heineken N.V. publishes on a weekly basis, every Monday, an overview of the progress of the share buyback programme on its website: https://www.theheinekencompany.com/investors/share-information/share-buyback-programme

EnquiriesMedia Investors Christiaan Prins Tristan van Strien Director of Global Communication Global Director of Investor Relations Marlie Paauw Lennart Scholtus / Chris Steyn Global Media Lead Investor Relations Manager / Senior Analyst E-mail: [email protected] E-mail: [email protected]  Tel: +31-20-5239355 Tel: +31-20-5239590  Regulatory information
This press release is issued in connection with the disclosure and reporting obligations as set out in Article 5(1)(b) Regulation (EU) 596/2014 and Article 2(2) of the Commission Delegated Regulation (EU) 2016/1052 that contains technical standards for buyback programs.

Editorial information:
HEINEKEN is the world's pioneering beer company. It is the leading developer and marketer of premium and non-alcoholic beer and cider brands. Led by the Heineken® brand, the Group has a portfolio of more than 340 international, regional, local and specialty beers and ciders. With HEINEKEN’s over 87,000 employees, we brew the joy of true togetherness to inspire a better world. Our dream is to shape the future of beer and beyond to win the hearts of consumers. We are committed to innovation, long-term brand investment, disciplined sales execution and focused cost management. Through "Brew a Better World", sustainability is embedded in the business. HEINEKEN has a well-balanced geographic footprint with leadership positions in both developed and developing markets. We operate breweries, malteries, cider plants and other production facilities in more than 70 countries. Most recent information is available on our Company's website and follow us on LinkedIn and Instagram.

PR_SBB 2025_Weekly update_23-Feb-2026

Val-D'Or, Quebec--(Newsfile Corp. - February 23, 2026) - Bonterra Resources Inc. (TSXV: BTR) (OTCQX: BONXF) (FSE: 9BR2) ("Bonterra" or the "Company") is pleased to announce updated Mineral Resource Estimates (the "2026 MREs") for the Barry and Gladiator deposits (the "Properties"). The 2026 MREs were independently prepared by P&E Mining Consultants Inc. ("P&E") on behalf of the Company in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects ("NI 43-101") and are effective as of February 18, 2026.

Key Highlights:

Barry and Gladiator combined 2026 MREs of 1.401 million ounces ("Moz") of Measured & Indicated Mineral Resources at an average grade of 2.90 g/t Au contained within 15.025 million tonnes ("Mt"), and 2.033 Moz of Inferred Mineral Resources at an average grade of 4.32 g/t Au contained within 14.628 Mt.

Combined contained gold ounces increased by 30% in Measured & Indicated Mineral Resources and by 21% in Inferred Mineral Resources relative to the 2021 Mineral Resource Estimates (the "2021 MREs").

Barry MREs (Open Pit): 0.417 Moz of Measured & Indicated Mineral Resources grading 1.67 g/t Au within 7.794 Mt, and 9 Koz of Inferred Mineral Resources grading 2.32 g/t Au within 125 Kt.

Barry MREs (Underground): 0.457 Moz of Measured & Indicated Mineral Resources grading 3.47 g/t Au within 4.092 Mt, and 0.962 Moz of Inferred Mineral Resources grading 3.41 g/t Au within 8.789 Mt.

Gladiator MREs (Underground): 0.527 Moz of Measured & Indicated Mineral Resources grading 5.23 g/t Au within 3.139 Mt, and 1.062 Moz of Inferred Mineral Resources grading 5.78 g/t Au within 5.714 Mt.

Marc-Andre Pelletier, President and CEO commented: "The updated 2026 MREs prepared by P&E, combined with additional drilling completed since 2021, has resulted in a significant increase in Mineral Resources across all classifications for the Properties. Overall, the quality of the 2026 MREs has improved, highlighted by a 30% increase in Measured & Indicated Mineral Resources, along with important technical enhancements, including a more conservative Mineral Resource classification methodology and an increase in the minimum mining width from 1.20 m to 1.75 m, more closely aligned with industry standards. Both deposits remain open at depth and along the eastern down-plunge, particularly at Barry, where two drill rigs are currently testing extensions of the mineralization. Most importantly, the Urban-Barry Camp continues to demonstrate its potential to host multiple multi-million-ounce gold deposits."

2026 MREs Details & Assumptions

Data Analysis

The 2026 MREs include new drilling performed by Bonterra from 2021 to 2023, including 86,985 m drilled containing 81,370 assays at Barry and 31,815 m drilled containing 26,811 assays at Gladiator.

A total of 1,313 drill holes and 302,424 m drilled containing 193,463 assays are considered for the Barry deposit and 553 drill holes and 256,794 m drilled containing 150,263 assays for the Gladiator deposit.

Revision of the capping threshold for particular mineralized zones based on geological and structural groupings.

A more robust classification strategy based on field observations in historical pit, oriented drill core and robust variography.

Geology Interpretation and Modelling

Extensive drilling conducted after 2021 extended mineralization both down dip and along strike for both Barry and Gladiator Deposits.

Revised modelling interpretations resulting from oriented core drilling.

Revised modelling interpretations and cut-off resulting from increased metal prices.

Increased minimum mining width from 1.20 m to 1.75 m now more closely aligned with industry standards.

All blocks within the 2026 underground MREs are constrained by stope shapes as recommended by the CIM Estimation of Mineral Resources and Mineral Reserves Best Practice Guidelines.

The table below shows the comparison between the 2021 and 2026 MREs:

Table 1: Barry and Gladiator Deposits - Comparison of Mineral Resources in 2021 MREs with 2026 MREs

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/1528/284828_7b94d36e947e8a66_001full.jpg

Notes:

2021 MREs are estimated using a cut-off grade of 1.0 g/t Au and 2.6 g/t Au for open pit and underground, respectively 2021 underground MREs not constrained by stope shapes.2026 MREs are estimated using a cut-off grade of 0.3 g/t Au for open pit and a 2.0 g/t Au cut-off used to define underground stopes that constrain the blocks being reported.2021 MREs and 2026 MREs are estimated using long-term gold prices of US$1,600 per oz, and US$2,850 per oz, respectively.Exchange rate 2021 was US$/C$ 0.75 and 0.72 for in 2026 MREs.Numbers may not add due to rounding.Barry Deposit MRE

The Barry Mineral Resources Estimate is based on over 73 veins grouped within 10 shallow to steeply dipping vein sets from surface to 650 m in depth, within which 1.0 m composites have been estimated in a multi-pass inverse distance cubed ("ID3") interpolation approach (see Table 2). Vein orientations are confirmed through mapping of surface exposure in the Barry historical pits and observed vein angles in drill core. Measured Mineral Resources were defined where proximal to historical pits and defined using three drill holes spaced up to 15 m apart. Indicated Mineral Resources are limited to areas defined using three drill holes spaced up to 30 m apart. Inferred Mineral Resources represent areas with drill hole spacing up to 60 m. Open pit Mineral Resources are reported within an optimized pit at a gold cut-off grade of 0.3 g/t Au, and below, underground Mineral Resources are reported within underground reporting shapes constructed using a minimum thickness of 1.75 m and a gold cut-off grade of 2.0 g/t Au, and limited to areas of continuous mineralization. A buffer solid of 2 m was created around all mineralized wireframes to capture any marginal grade for underground stope optimization internal dilution. All blocks within the underground constraining optimized stope shapes have been included within the Mineral Resources Estimate at a zero cut-off grade.

Table 2: Barry Deposit 2026 MRE

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/1528/284828_7b94d36e947e8a66_002full.jpg

Notes:

CIM definitions were followed for Mineral Resources.Mineral Resources are presented externally undiluted and in situ and are considered to have reasonable prospects for eventual economic extraction. The Mineral Resources near surface are constrained by a pit optimization surface and the underground Mineral Resources are constrained by potentially mineable stope shapes.Underground Mineral Resources stope shapes are optimized at a cut-off of 2.0 g/t Au. Open Pit Mineral Resources are estimated at a cut-off of 0.3 g/t Au.Mineral Resources are estimated using a long-term gold price of US$2,850 per oz and a US$/C$ exchange rate of 0.72. A minimum mining width of 1.75 m was used.Assay samples were composited within the mineralization envelopes into 1.0 m length composites. A value of 0.001 g/t Au was applied in cases of drill core not assayed.High grade outliers were established using a statistical analysis on a per-zone basis for gold on composite data. Capping varied from 3.0 g/t to 50 g/t Au and was applied on composites within each specific wireframe.Bulk density values were applied on the different mineralized zones varied from 2.63 to 2.95 t/m3 based on site drill core measurements with a mean of 2.81 t/m3 used for reporting purposes.ID3 grade interpolation was used.Grade estimates are based on a parent block dimension of 2 m x 4 m x 4 m with sub-cells down to 0.25 m x 1 m x 1 m. Search parameters were determined by variography.Numbers may not add due to rounding.

Figure 1: Barry 2026 MRE Longitudinal Projection View Looking North

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/1528/284828_ea323c15e4bccbb5_003full.jpg

Gladiator Deposit MRE

The Gladiator Mineral Resources Estimate is based on over 127 vein structures and clusters within 8 structural groups. Block model grade estimates are controlled by the geological/vein interpretations and were completed using a three-pass ID3 interpolation and capped 1.0 m composites (see Table 3). Measured Mineral Resources were defined using three drill holes spaced up to 15 m apart. Indicated Mineral Resources are limited to areas defined using three drill holes spaced up to 30 m apart. Inferred Mineral Resources represent areas with drill hole spacing and extrapolation up to 60 m. Mineral Resources are reported within underground reporting shapes constructed using a minimum thickness of 1.75 m and a cut-off grade of 2.0 g/t Au, limited to areas of continuous mineralization. A buffer solid of 2 m was created around all mineralized wireframes to capture any marginal grade for underground stope optimization internal dilution. All blocks within the underground constraining optimized stope shapes have been included within the Mineral Resources Estimate at a zero cut-off grade. A 50 m crown pillar below the base of overburden has been excluded from the Mineral Resources.

Table 3: Gladiator Deposit 2026 MRE

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/1528/284828_7b94d36e947e8a66_004full.jpg

Notes:

CIM definitions were followed for Mineral Resources.Mineral Resources are presented externally undiluted and in situ and are considered to have reasonable prospects for eventual economic extraction. The Underground Mineral Resources are constrained by potentially mineable stope shapes.Underground Mineral Resources are estimated at a cut-off of 2.0 g/t Au.Mineral Resources are estimated using a long-term gold price of US$2,850 per oz and a US$/C$ exchange rate of 0.72. A minimum mining width of 1.75 m was used.Assay Samples were composited within the mineralization envelopes into 1.0 m length composites. A value of 0.001 g/t Au was applied in cases of drill core not assayed.High grade capping was done on composite data and established using a statistical analysis on a per-zone basis for gold. Capping varied from 10 g/t Au to 70 g/t Au and was applied on composites within each specific wireframe.Bulk density values were applied on the different mineralized zones varied from 2.41 to 2.99 t/m3 based on-site drill core measurements with a mean of 2.78 t/m3 used for reporting purposes.ID3 grade interpolation was used.Grade estimates are based on a parent block dimension of 2 m x 4 m x 4 m with sub-cells down to 0.25 m x 1 m x 1 m. Search parameters were determined by variography.A 50 m crown pillar was applied at Gladiator.Numbers may not add due to rounding.

Figure 2: Gladiator 2026 MRE Longitudinal Projection View Looking North

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/1528/284828_ea323c15e4bccbb5_005full.jpg

Summary and Validation

Mineralized domains were initially developed by Bonterra and were reviewed, modified and accepted by P&E. All Mineral Resources domains were defined within Leapfrog GeoTM software and sub-block model estimates were completed within Leapfrog EdgeTM. Underground constraining shapes at Barry and Gladiator were optimized using DeswikTM stope optimizer software. The limit of the Barry open pit Mineral Resources shell was optimized using NPV SchedulerTM software and was determined with consideration to underground mining costs. In addition to standard database validation techniques, wireframe and block model validation procedures, including wireframe to block volume confirmation, statistical comparisons with composite and nearest neighbour estimates, swath plots, visual reviews in 3D, longitudinal, cross-section, and plan views, and cross software reporting confirmation, were completed for all deposits.

The Qualified Person ("QP'") considers the geological modelling, grade estimation, and Mineral Resources classification considered in these Mineral Resources estimates to be consistent with industry practice and aligned with the CIM Estimation of Mineral Resources and Mineral Reserves Best Practices guidelines, as recommended by Canadian Securities Administrators' National Instrument 43-101. Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability.

Further details regarding the 2026 MREs, key assumptions, parameters and methods used to estimate the Mineral Resources of the Barry and Gladiator Deposits will be available on SEDAR+ (www.sedarplus.ca) under the Corporation's issuer profile within 45 days of this news release in accordance with NI 43-101.

Phoenix JV

Under the JV Agreement, Gold Fields has the right to acquire a 70% interest in the Project by spending C$30 million in work expenditures, with a minimum spending commitment of C$10 million per year over a three-year period (see press release dated November 28, 2023).

This news release, including the Mineral Resources Estimates disclosed herein, has been prepared solely by the Company and is based on information available to the Company as of the date hereof. Neither Gold Fields Limited nor its affiliate Windfall Mining Group Inc. has verified, approved, or endorsed the Mineral Resources Estimates or the content of this news release, and no representation or warranty is made by Gold Fields Limited or Windfall Mining Group Inc. with respect thereto. References to the Phoenix Joint Venture are provided for contextual purposes only and should not be construed as statements made by, or on behalf of, Gold Fields Limited or Windfall Mining Group Inc.

Independent Qualified Persons

The Mineral Resources Estimate was prepared by P&E. The QP has reviewed and approved the content of this news release. Independent QP Antoine Yassa, P. Geo, OGQ of P&E has prepared and supervised the preparation of the technical information relating to this Mineral Resources Estimate.

Bonterra Qualified Person and QA/Qc

M. Donald Trudel, P. Geo. (OGQ # 813), Director Geology for the Company, has reviewed and approved the technical information contained in this press release. Mr. Trudel is a Qualified Person as defined by National Instrument 43-101 on standards of disclosure for mineral projects.

The Barry and Gladiator project's drill core gold analyses are performed at Bachelor Mine Laboratory, Actlabs
(Ste-Germaine-Boulé) and at AGAT Laboratories located in Val d'Or, Québec. The Company's laboratory and external laboratories employ a rigorous QAQC analysis program that meets industry standards. The analyses are carried out by fire assay (A.A.) with atomic absorption finish at Bachelor Mine Laboratory and with gravimetric finish for assay above 10 g/t Au at Actlabs and AGAT laboratories. Blanks, duplicates, and certified reference materials are inserted into the sample stream to monitor the Laboratory's performance. The Company's QAQC program requires that at least 5% of samples be analyzed by an independent laboratory. These verification samples are sent to ALS Minerals laboratory facility located in Val-d'Or, Québec. The verifications show a high degree of correlation with the Laboratory's results.

ABOUT P&E MINING CONSULTANTS INC.

P&E, established in 2004, provides geological and mine engineering consulting reports, Mineral Resources Estimate technical reports, Preliminary Economic Assessments and Pre-Feasibility Studies. In addition, we are affiliated with major consulting firms for the purposes of joint venturing on Feasibility Studies. Our experience covers over 480 technical reports on diamonds, most metallic deposits including gold, silver, base metals, PGM and iron for both open pit and underground deposits. Software packages utilized include Gemcom, Leapfrog, Whittle, NPV Scheduler, Vulcan, Ventsim, AutoCAD and Deswik. P&E's 22 associates have experience in geological interpretation, 3D geological modelling, technical report writing, Mineral Resources and Mineral Reserves Estimates, property evaluations, mine design, production scheduling, operating and capital cost estimates, and metallurgical engineering.

ABOUT BONTERRA

Bonterra is a Canadian gold exploration Company with a portfolio of advanced exploration assets anchored by a central milling facility in Québec, Canada. The Company's assets include the Gladiator, Barry, Moroy, and Bachelor gold deposits. The Barry and Gladiator deposits which collectively hold 1.401 million ounces ("Moz") of Measured & Indicated Mineral Resources at an average grade of 2.90 g/t Au contained within 15.025 million tonnes ("Mt"), plus 2.033 Moz of Inferred Mineral Resources at an average grade of 4.32 g/t Au contained within 14.628 Mt.

In November 2023, the Company entered into an earn-in and joint venture agreement with Osisko Mining Inc. ("Osisko Mining") for the Urban-Barry properties (the "JV Agreement"), which include the Gladiator and Barry Deposits. In October 2024, Gold Fields Ltd, through a wholly owned Canadian subsidiary, completed the acquisition of Osisko Mining for C$2.16 billion. Gold Fields is now the counterparty to the JV Agreement and can continue to earn a 70% interest in the joint venture by incurring C$30 million in work expenditures on or before November 2026 (including expenditures incurred by Osisko Mining prior to October 2024). This strategic transaction highlights Bonterra's dedication to advancing its exploration assets, marking a significant step towards development.

Neither 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.

Caution regarding forward-looking statements

This news release contains forward-looking statements within the meaning of applicable securities laws. All statements other than statements of historical fact may be forward-looking and are often identified by words such as "may", "will", "plan", "expect", "anticipate", "estimate", and "intend". Forward-looking statements in this release include, without limitation, planned drilling activities, deep-drilling objectives at the Barry deposit, and Gold Fields' ability to complete the remaining earn-in expenditures under the JV Agreement.

These statements are based on assumptions considered reasonable by management, including assumptions regarding exploration plans, budgets, schedules, regulatory approvals, and the continued advancement of work by Gold Fields. However, forward-looking statements involve known and unknown risks, uncertainties, and other factors that may cause actual results to differ materially. Such risks include, but are not limited to, changes to exploration plans, results that differ from expectations, operational or permitting challenges, the ability of the parties to complete the Joint Venture, the timing and completion of earn-in expenditures, the speculative nature of mineral exploration, commodity price fluctuations, and the availability of financing. Additional information regarding risks can be found in the Company's filings at www.sedarplus.ca.

Readers are cautioned not to place undue reliance on forward-looking statements. The Company does not undertake to update any forward-looking statement except as required by applicable securities laws. All forward-looking statements in this release are expressly qualified by this cautionary statement.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/284828

Source: Bonterra Resources Inc.

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Leading Educational Event Brings Together Neonatal-Perinatal Medicine Clinicians Dedicated to Improving Outcomes in Newborn Care

FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--Pediatrix® Medical Group, Inc. (NYSE: MD), a leading provider of physician services, is proud to host the 47th annual NEO: The Conference for Neonatology, taking place Feb. 25-27 in Las Vegas. NEO brings together top neonatology experts to discuss current issues and new advances in neonatal medicine.

For over 45 years, Pediatrix has been a trusted leader in neonatology, caring for or providing diagnostics to approximately one-quarter of all newborn babies in the U.S.

The national rate of preterm birth remains at an all-time high at 10.4%, meaning about 380,000 babies – one in every ten – were born prematurely in 2024. The March of Dimes’ 2025 Report Card, released in November, revealed that the nation received a D+ grade for preterm births for the fourth year in a row.

“These results underscore the ongoing need for innovation in neonatal-perinatal medicine,” said Timothy Biela, M.D., a neonatologist at Pediatrix Neonatology of San Antonio and director of the NEO conference. “We take pride in leading research initiatives and offering continuing education not only for our own clinicians but also for all providers involved in this highly specialized field. Our goal is to enhance outcomes for our tiniest, highest-risk patients.”

Conference Overview

This year’s conference welcomes participants from across the globe to engage with leading experts who will share the latest research, innovations and pressing topics in neonatal-perinatal medicine. Attendees will gain insights from distinguished speakers and participate in interactive sessions designed to foster learning and collaboration among clinicians.

Session Highlights

Transforming Outcomes for Mothers and Babies Neonatal Surgery and Nutrition: Bridging Innovation and Outcomes Patent Ductus Arteriosus Management: Medical vs. Surgical Ethical Considerations in Neonatal Care From Oxygen to Artificial Intelligence: The Future of Neonatal Respiratory Care Advancements in Neonatal Nutrition Neonatal Point-of-Care Ultrasound (POCUS) Pre-Conference Workshop These sessions are designed to address both clinical excellence and the evolving challenges faced by neonatal-perinatal teams. The Neonatal POCUS Pre-Conference Workshop offers hands-on experience with cutting-edge ultrasound techniques, supporting the advancement of bedside diagnostics and care.

Legends of Neonatology Hall of Fame

Pediatrix is honored to announce that Waldemar Carlo, M.D., will be inducted into the Legends of Neonatology Hall of Fame during the conference. Dr. Carlo is celebrated for his pioneering research in neonatal resuscitation, global health initiatives and commitment to improving neonatal outcomes worldwide. His work has influenced clinical protocols and shaped the next generation of neonatal care providers.

Accreditation

Participants attending the NEO conference will have the opportunity to earn accredited continuing education credits. The Pediatrix Center for Research, Education, Quality and Safety is accredited by:

The Accreditation Council for Continuing Medical Education to provide continuing medical education for physicians, designating this live activity for a maximum of 20.00 AMA PRA Category 1 Credits™. The American Nurses Credentialing Center’s Commission on Accreditation as a provider of nursing continuing professional development, designating this live activity for a maximum of 20.00 nursing contact hours. About Pediatrix Medical Group

Pediatrix® Medical Group, Inc. (NYSE:MD) is a leading provider of physician services. Pediatrix-affiliated clinicians are committed to providing coordinated, compassionate and clinically excellent services to women, babies and children across the continuum of care, both in hospital settings and office-based practices. Specialties include obstetrics, maternal-fetal medicine and neonatology complemented by multiple pediatric subspecialties. The group’s high-quality, evidence-based care is bolstered by significant investments in research, education, quality-improvement and safety initiatives. The physician-led company was founded in 1979 as a single neonatology practice and today provides its highly specialized and often critical care services through approximately 4,300 affiliated physicians and other clinicians. To learn more about Pediatrix, visit www.pediatrix.com or follow us on Facebook, Instagram, LinkedIn and the Pediatrix blog. Investment information can be found at www.pediatrix.com/investors.

More News From Pediatrix Medical Group, Inc.

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HOUSTON, Feb. 23, 2026 (GLOBE NEWSWIRE) -- KBR (NYSE: KBR) announced today that it has been awarded a major contract by Basra Oil Company (BOC) to provide Integrated Field Management Services (IFMS) for the gigantic Majnoon Oil Field. Located in southern Iraq, Majnoon is one of the world’s largest oil fields, with estimated reserves of over 38 billion barrels.

Under the IFMS contract, KBR will provide comprehensive upstream engineering, project and operations management, and maintenance services to enhance crude production, modernize field facilities, and implement advanced AI and digital technologies to optimize reservoir performance in a safe and sustainable manner. KBR’s scope of services includes subsurface drilling and reservoir engineering to ensure an integrated approach towards the development, operation, and maintenance of this strategic oil asset in Iraq.

“This award underscores KBR’s deep and diverse technical capability, including upstream operational services, and decades long commitment to Iraq,” said Jay Ibrahim, President, KBR Sustainable Technology Solutions. “Oil field development projects of this scale and complexity require a strategic and trusted high-value provider with proven in-country experience, disciplined execution, and a strong safety culture. We are honored to support BOC in advancing Iraq’s energy ambitions and delivering sustained long term value.”

The project is expected to generate significant local employment across Iraq’s engineering, construction, and oil field services industries, with an initial estimated work force of approximately 2,000 in-country personnel. KBR remains committed to knowledge-transfer and training for Iraq’s dynamic engineering sector and will support the execution of this project through a combination of in-country teams and global engineering centers, ensuring strong local engagement while leveraging international best practices in project delivery, digital engineering and operational excellence. Throughout the execution phase, KBR will remain committed to supporting the development of local community initiatives, with an emphasis on best practices in engineering, safety, and technical skill development.

The strategic award strengthens KBR’s engagement across Iraq’s energy sector built on years of delivering value through collaboration, transparency, consistency, and innovation. From assisting the Iraqi Ministry of Planning to develop and implement a multifaceted Iraq Master Plan, undertaking multi-year complex maintenance programs across some of the largest oil fields such as Rumaila, to identifying practical strategies to monetize flared natural gas, KBR is positioned as a trusted high-value provider to contribute towards Iraq’s economic, industrial, and social growth for years to come.

About KBR
We deliver science, technology and engineering solutions to governments and companies around the world. KBR employs approximately 36,000 people worldwide with customers in more than 85 countries and operations in over 28 countries. KBR is proud to work with its customers across the globe to provide technology, value-added services, and long-term operations and maintenance services to ensure consistent delivery with predictable results. At KBR, We Deliver.

Visit www.kbr.com

Forward Looking Statements

The statements in this press release that are not historical statements, including statements regarding KBR’s Integrated Field Management Services in Iraq, are forward-looking statements within the meaning of the federal securities laws. These statements are subject to numerous risks, uncertainties and assumptions, many of which are beyond the company’s control, that could cause actual results to differ materially from the results expressed or implied by the statements. These risks, uncertainties and assumptions include, but are not limited to, those set forth in the company’s most recently filed Annual Report on Form 10-K, any subsequent Form 10-Qs and 8-Ks and other U.S. Securities and Exchange Commission filings, which discuss some of the important risks, uncertainties and assumptions that the company has identified that may affect its business, results of operations and financial condition. Due to such risks, uncertainties and assumptions, you are cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date hereof. Except as required by law, the company undertakes no obligation to revise or update publicly any forward-looking statements for any reason.

For further information, please contact:

Investors
Rachael Goldwait
Vice President, Investor Relations
713-753-5082
[email protected]

Media
Philip Ivy
Vice President, Global Communications and Marketing
713-753-3800
[email protected]

, /PRNewswire/ -- IDEAYA Biosciences, Inc. (Nasdaq: IDYA), a leading precision medicine oncology company, today announced the appointment of Dr. Theodora (Theo) Ross into the newly created role of Chief Development Officer. In this role, Dr. Ross will be responsible for leading early clinical development for IDEAYA's emerging oncology pipeline and play a crucial role in guiding the company's long-term R&D strategy. Dr. Ross joins IDEAYA from AbbVie, where she served as Vice President, Head of Early Oncology R&D and Site Head for the Bay Area. 

"We are thrilled to welcome Dr. Ross to IDEAYA as we advance our deep pipeline of potential first-in-class clinical-stage assets. Theo is an exceptionally talented and accomplished clinician with a proven track-record leading clinical execution and pipeline strategy for multiple global pharma companies. We look forward to her joining the IDEAYA leadership team to help drive our ambitious clinical development plan forward to support our next phase of growth," said Yujiro S. Hata, President and Chief Executive Officer of IDEAYA Biosciences.

"I am honored and excited to join IDEAYA as the company advances one of the most innovative and scientifically driven oncology pipelines in biotech. I believe the greatest progress comes when we follow the science with rigor and focus, and when we prioritize what matters most to amplify the impact we can have for patients. IDEAYA has demonstrated that discipline by concentrating on programs and targets with strong scientific rationale and clinical promise, and I can't wait to contribute to that continued focus," said Dr. Ross.

Dr. Ross brings over 30 years of experience in oncology, most recently having served as Vice President and Head of Early Oncology R&D and Site Head for AbbVie in the Bay Area. During her tenure, she led the advancement of five early clinical stage programs from first-in-human to Phase 1/2 clinical proof-of-concept studies across various solid tumor indications and served as the R&D champion for the $10 billion acquisition of Immunogen for AbbVie's first marketed solid tumor oncology asset, Elahere. Dr. Ross has also held the roles of Vice President of Global Development, Head of Precision Medicine, and Thoracic Oncology at Amgen and Vice President of Translational Medicine at Merck. Prior to her time in industry and relevant to the mission of IDEAYA, Dr. Ross was the head of the Cancer Genetics Department at University of Texas Southwestern Medical Center (UTSW) and had a 20-year tenure as an oncologist, laboratory scientist and professor at prominent cancer centers and academic institutions, including UTSW and the University of Michigan. Dr. Ross received her B.A. from Kalamazoo College and her M.D. and Ph.D. from Washington University. She completed her residency in internal medicine at Brigham and Women's Hospital, Harvard Medical School, and an oncology fellowship at Dana-Farber Cancer Institute, Harvard Medical School.

About IDEAYA Biosciences

IDEAYA is a precision medicine oncology company committed to the discovery, development, and commercialization of transformative therapies for cancer. Our approach integrates expertise in small-molecule drug discovery, structural biology and bioinformatics with robust internal capabilities in identifying and validating translational biomarkers to develop tailored, potentially first-in-class targeted therapies aligned to the genetic drivers of disease. We have built a deep pipeline of product candidates focused on synthetic lethality and antibody-drug conjugates, or ADCs, for molecularly defined solid tumor indications. Our mission is to bring forth the next wave of precision oncology therapies that are more selective, more effective, and deeply personalized with the goal of altering the course of disease and improving clinical outcomes for patients with cancer. IDEAYA's corporate presentation is available on its website: https://ir.ideayabio.com/. 

Forward-Looking Statements

This press release contains forward-looking statements, including, but not limited to, statements regarding IDEAYA's clinical development plans; the advancement and potential of its pipeline, including potential first-in-class clinical-stage assets; the expected contributions of Dr. Ross to IDEAYA's early clinical development efforts and long-term R&D strategy; the potential therapeutic impact of IDEAYA's product candidates; and IDEAYA's anticipated next phase of growth. Such forward-looking statements are based on management's current expectations, assumptions and beliefs and involve substantial risks and uncertainties that could cause actual results, including, but not limited to, those related to IDEAYA's clinical programs, commercial activities, and performance and/or achievements, to differ significantly and/or materially from those expressed or implied by the forward-looking statements. Such risks and uncertainties include, among others, the uncertainties inherent in the drug development process, including the process of designing and conducting preclinical and clinical trials, enrollment rates, safety outcomes, efficacy results, regulatory interactions and decisions, and the ability to translate preclinical findings into clinical benefit, manufacturing and supply risks, competition, changes in standard of care, the timing and success of commercialization efforts, the outcome of collaborations and licensing arrangements, IDEAYA's ability to successfully establish, protect and defend its intellectual property, and other matters that could affect the sufficiency of financial resources to fund operations. IDEAYA undertakes no obligation to update or revise any forward-looking statements. A further description of risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, as well as risks relating to the business of IDEAYA in general, are in IDEAYA's filings with the Securities and Exchange Commission, including IDEAYA's most recent Annual Report on Form 10-K and any current and periodic reports filed with the U.S. Securities and Exchange Commission.

Investor and Media Contact

IDEAYA Biosciences
Joshua Bleharski, Ph.D.
Chief Financial Officer
[email protected]

SOURCE IDEAYA Biosciences, Inc.

High Dividend Opportunities targets an 8–10% portfolio yield, prioritizing sustainable cashflow to replace income in retirement without selling shares. Will Barton shares why they emphasize diversification, favoring CEFs and preferreds, and adapting allocations based on macro conditions, with a current focus on tangible assets like real estate and energy.

Heineken Holding N.V. reports transactions under its current

share buyback programme

Amsterdam, 23 February 2026 - Heineken Holding N.V. (EURONEXT:HEIO; OTCQX: HKHHY), hereby reports transaction details related to the second tranche of up to circa €375 million tranche of its share buyback programme of up to circa €750 million as communicated on 12 February 2026.

From 16 February 2026 up to and including 20 February 2026 a total of 81,014 shares were repurchased on exchange at an average price of € 71.06.

Up to and including 20 February 2026, a total of 110,617 shares were repurchased under the second tranche of the share buyback programme for a total consideration of € 7,865,777.

Heineken Holding N.V. publishes on a weekly basis, every Monday, an overview of the progress of the share buyback programme on its website: https://www.heinekenholding.com/investors/share-information/share-buyback-programme

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 Communications Global Director of Investor RelationsMarlie Paauw Lennart Scholtus / Chris SteynGlobal Media Lead Investor Relations Manager / Senior AnalystE-mail: [email protected] E-mail: [email protected]: +31-20-5239355 Tel: +31-20-5239590 Regulatory information:

This press release is issued in connection with the disclosure and reporting obligations as set out in Article 5(1)(b) Regulation (EU) 596/2014 and Article 2(2) of the Commission Delegated Regulation (EU) 2016/1052 that contains technical standards for buyback programs.

Editorial information:
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. HEINEKEN is the world's pioneering beer company. It is the leading developer and marketer of premium and non-alcoholic beer and cider brands. Led by the Heineken® brand, the Group has a portfolio of more than 340 international, regional, local and specialty beers and ciders. With HEINEKEN’s over 87,000 employees, HEINEKEN brews the joy of true togetherness to inspire a better world. HEINEKEN’s dream is to shape the future of beer and beyond to win the hearts of consumers. HEINEKEN is committed to innovation, long-term brand investment, disciplined sales execution and focused cost management. Through "Brew a Better World", sustainability is embedded in the business. HEINEKEN has a well-balanced geographic footprint with leadership positions in both developed and developing markets. HEINEKEN operates breweries, malteries, cider plants and other production facilities in more than 70 countries. Most recent information is available on www.heinekenholding.com and www.theheinekencompany.com and follow HEINEKEN on LinkedIn and Instagram.

20260223 HHNV SBB Weekly update 16 February 2026 - 20 February 2026 (1)

According to a Léger survey conducted for Allstate Canada, despite flood risks, more than half of respondents do not plan to take preventive action this spring February 23, 2026 06:02 ET  | Source: Allstate Insurance Company of Canada

TORONTO, Feb. 23, 2026 (GLOBE NEWSWIRE) -- New data from Allstate Insurance Company of Canada (Allstate Canada) revealed a sharp rise in water-related home insurance claims for 2025, as well as a concerning gap between risk awareness and prevention.

Allstate Canada home insurance claims due to external water sources, including heavy rain, overland flooding and sewer back-up, nearly doubled (increased 94 per cent) in 2025 compared to the previous year. Damage due to water originating from outside the home accounted for nearly a quarter (24 per cent) of all home insurance claims in 2025. Looking longer term, water damage represented more than 40 per cent of all home insurance claims between 2021 and 2025, with external water sources responsible for nearly one-third (31 per cent) of all water-related claims during that period.

While flooding continues to be a risk to Canadian homes, the results of a Léger survey conducted on behalf of Allstate Canada show that:

More than half of Canadian respondents (53 per cent) do not plan to take any steps to protect their homes from flooding this spring.Concern does not always translate into action, as 34 per cent reported they are worried about flooding, yet many still plan to do nothing.Among the 47 per cent who do plan to take at least one preventive measure, the most common action cited is clearing gutters and drains themselves (26 per cent).Only 17 per cent who are planning preventive action say they intend to hire a professional, suggesting many households may be underestimating the level of prevention required as weather-related risks intensify. Rethinking Flood Prevention: Acting Before the Damage Occurs

“Water damage is one of the most common reasons Canadians file an insurance claim, making prevention no longer optional, but essential,” says George Ljubicic, Agency Manager at Allstate Canada. “What we’re seeing is that many Canadians recognize the risk, but we’re reminding them how important it is to take concrete steps to protect their homes. Small actions taken early can make a meaningful difference before the spring thaw."

The survey also highlights gaps in insurance awareness. One in four respondents say they are unsure whether their home insurance policy includes coverage for flood-related damage. Overland water and sewer back-up coverage is optional for many home insurance policies, underscoring the importance of reviewing coverage before an incident occurs.

Simple Preventive Steps Canadians Can Take Ahead of Spring

With warmer temperatures on the way, Allstate Canada is encouraging both homeowners and renters to take proactive steps now to help reduce the risk of flooding and water damage:

Review your insurance policy to understand what types of water damage are covered and where gaps may exist with optional coverage.Keep water moving away from your home by cleaning gutters and downspouts and ensuring downspouts extend 2-3 metres away from the foundation.Prepare drains and sump pumps by testing sump pumps (consider investing in a battery backup) and clearing debris from floor drains and window wells so water can flow freely.Communicate early with landlords by reporting leaks, standing water or drainage issues as soon as they appear. Early action can prevent minor issues from becoming costly repairs. For more practical advice on flood prevention and home protection, visit the GOOD HANDS® blog. These preventative steps may help reduce risk but do not eliminate the possibility of water damage.

About the Léger poll
Allstate commissioned Léger to conduct a study among Canadians aged 18 and over, including homeowners and renters, to assess their level of concern about flooding, their awareness of flood-related insurance coverage, and the steps they plan to take to protect their homes ahead of the spring season. An online survey was conducted with 1,527 Canadians, aged 18 and over, who could express themselves in French or English. The data was collected from January 15th to January 18th, 2026. It should be noted that due to the non-probabilistic nature of the sample (associated with any web survey), the calculation of the margin of error does not apply. For comparative purposes, a probabilistic sample of 1,527 respondents (web panel) would have a global margin of error of ± 2,51% 19 times out of 20. The margin of error would, however, increase for subgroups. The results were weighted according to sex, age, mother tongue, provinces, level of education and the presence of children in the household in order to ensure a sample representative of the Canadian population.

About Allstate Insurance Company of Canada
Allstate Insurance Company of Canada is a leading home and auto insurer focused on providing its customers prevention and protection products and services for every stage of life. Serving Canadians since 1953, Allstate strives to reassure both customers and employees with its "You’re in Good Hands®" promise. Allstate is committed to making a positive difference in the communities in which it operates through partnerships with charitable organizations, employee giving and volunteerism. To learn more, visit www.allstate.ca. For safety tips and advice, visit www.goodhandsadvice.ca.

For more information, please contact:
Stephanie More
Agnostic on behalf of Allstate Insurance Company of Canada
416-912-5341
[email protected]  

Maude Gauthier (Quebec only)
Capital-Image on behalf of Allstate Insurance Company of Canada
514-915-9469
[email protected]

Allstate Canada Media Relations
905-475-4536
[email protected]

Global retail sales growth (excluding foreign currency impact) of 4.9% for the fourth quarter; 5.4% growth for fiscal 2025

U.S. same store sales growth of 3.7% for the fourth quarter; 3.0% growth for fiscal 2025

International same store sales growth (excluding foreign currency impact) of 0.7% for the fourth quarter; 1.9% growth for fiscal 2025

Global net store growth of 392 for the fourth quarter; global net store growth of 776 for fiscal 2025

Income from operations increased 8.0% for the fourth quarter; 8.5% for fiscal 2025

(Income from operations increased 7.3% and 8.6% for the fourth quarter and fiscal 2025, respectively, excluding the $1.9 million positive impact for fourth quarter and the $0.6 million negative impact for fiscal 2025 of foreign currency exchange rates on international franchise royalty revenues)

Board of Directors approves 15% increase in quarterly dividend to $1.99 per share

, /PRNewswire/ -- Domino's Pizza, Inc. (Nasdaq: DPZ), the largest pizza company in the world, announced results for the fourth quarter and fiscal 2025.

"In 2025 we demonstrated that when we execute our Hungry for MORE strategy it delivers MORE sales, MORE stores, and MORE profits," said Russell Weiner, Domino's Chief Executive Officer. "In our international business, we delivered a remarkable 32nd consecutive year of same store sales growth. In our U.S. business, we gained another point of market share, pacing well ahead of the QSR Pizza category, which grew again in 2025. These strong results flowed through to increased franchisee profits, showcasing our ability to drive store level profitability while providing incredible value for our customers. As we look ahead to 2026, it is our expectation that we will meaningfully increase our market share within a U.S. QSR pizza category that continues to grow. Our value and scale advantages will remain a differentiator, while our new brand campaign and e-commerce site will drive deliciousness and improved experiences. Domino's has always been in the business of creating its own tailwinds and driving growth. That has been and will continue to be how we drive best in class results and long-term value creation for our franchisees and shareholders."

Fourth Quarter and Fiscal 2025 Operational and Financial Highlights (Unaudited):

The tables below outline certain statistical measures utilized by the Company to analyze its performance, as well as key financial results. This historical data is not necessarily indicative of results to be expected for any future period. Refer to Comments on Regulation G below for additional details, including definitions of these statistical measures and certain reconciliations.

Fourth Quarter

Fiscal Year

2025

2024

2025

2024

Global retail sales: (in millions of U.S. dollars)

U.S. stores

$

3,056.1

$

2,897.6

$

9,952.9

$

9,500.1

International stores

3,240.4

3,042.2

10,173.9

9,624.1

Total

$

6,296.5

$

5,939.8

$

20,126.8

$

19,124.2

Fourth Quarter

Fiscal Year

2025

2024

2025

2024

Global retail sales growth:
   (versus prior year period, excluding foreign currency impact)

U.S. stores

+ 5.5 %

+ 2.3 %

+ 4.8 %

+ 5.3 %

International stores

+ 4.5 %

+ 6.4 %

+ 5.9 %

+ 6.5 %

Total

+ 4.9 %

+ 4.4 %

+ 5.4 %

+ 5.9 %

Fourth Quarter

Fiscal Year

2025

2024

2025

2024

Same store sales growth:
   (versus prior year period)

U.S. Company-owned stores

+ 2.7 %

(0.7) %

+ 1.5 %

+ 3.5 %

U.S. franchise stores

+ 3.7 %

+ 0.5 %

+ 3.0 %

+ 3.2 %

U.S. stores

+ 3.7 %

+ 0.4 %

+ 3.0 %

+ 3.2 %

International stores (excluding foreign currency impact)

+ 0.7 %

+ 2.7 %

+ 1.9 %

+ 1.6 %

U.S. Company-
owned Stores

U.S. Franchise
Stores

Total
U.S. Stores

International
Stores

Total

Fourth quarter of 2025 store counts:

Store count at September 7, 2025

260

6,830

7,090

14,660

21,750

Openings

3

93

96

320

416

Closings

—

—

—

(24)

(24)

Transfers

(1)

1

—

—

—

Store count at December 28, 2025

262

6,924

7,186

14,956

22,142

Fourth quarter 2025 net store growth

3

93

96

296

392

U.S. Company-
owned Stores

U.S. Franchise
Stores

Total
U.S. Stores

International
Stores

Total

Fiscal 2025 store counts:

Store count at December 29, 2024

292

6,722

7,014

14,352

21,366

Openings

5

174

179

953

1,132

Closings

—

(7)

(7)

(349)

(356)

Transfers

(35)

35

—

—

—

Store count at December 28, 2025

262

6,924

7,186

14,956

22,142

Fiscal 2025 net store growth

5

167

172

604

776

Fourth Quarter

Fiscal Year

(In millions, except percentages, percentage points, per
share data and leverage ratio)

2025

2024

Increase/
(Decrease)

2025

2024

Increase/
(Decrease)

Total revenues

$1,535.7

$1,443.9

+ 6.4 %

$4,940.0

$4,706.4

+ 5.0 %

U.S. Company-owned store gross margin

10.1 %

15.5 %

(5.4) pp

14.3 %

16.7 %

(2.4) pp

Supply chain gross margin

11.4 %

11.3 %

+ 0.1 pp

11.5 %

11.1 %

+ 0.4 pp

Income from operations

$295.7

$273.7

+ 8.0 %

$954.0

$879.0

+ 8.5 %

Net income

$181.6

$169.4

+ 7.2 %

$601.7

$584.2

+ 3.0 %

Diluted earnings per share

$5.35

$4.89

+ 9.4 %

$17.57

$16.69

+ 5.3 %

Leverage ratio

4.4x

4.9x

(0.5)x

Net cash provided by operating activities

$792.1

$624.9

+ 26.8 %

Capital expenditures

(120.6)

(112.9)

+ 6.8 %

Free cash flow

$671.5

$512.0

+ 31.2 %

Revenues increased $91.8 million, or 6.4%, in the fourth quarter of 2025 as compared to the fourth quarter of 2024, primarily due to higher supply chain revenues, U.S. franchise advertising revenues and U.S. franchise royalties and fees. The increase in supply chain revenues was primarily attributable to higher order volumes, as well as an increase in the Company's food basket pricing to stores, which increased 1.7% during the fourth quarter of 2025 as compared to the fourth quarter of 2024. These increases were partially offset by a shift in the relative mix of products sold by the Company. The increase in U.S. franchise advertising revenues was driven by a decrease in advertising incentives in the fourth quarter of 2025 as compared to the fourth quarter of 2024, higher same store sales and net store growth. U.S. franchise royalties and fees increased as a result of higher same store sales and net store growth. U.S. Company-owned store gross margin decreased 5.4 percentage points in the fourth quarter of 2025 as compared to the fourth quarter of 2024, primarily due to higher insurance costs, higher labor rates and the increase in the Company's food basket pricing to stores. Supply chain gross margin increased 0.1 percentage points in the fourth quarter of 2025 as compared to the fourth quarter of 2024, primarily due to procurement productivity, partially offset by higher insurance costs and the increase in the cost of the Company's food basket. Income from operations increased $22.0 million, or 8.0%, in the fourth quarter of 2025 as compared to the fourth quarter of 2024. Excluding the positive impact of foreign currency exchange rates on international franchise royalty revenues of $1.9 million, income from operations increased $20.1 million, or 7.3%. The increase in income from operations was primarily due to higher franchise royalties and fees and gross margin dollar growth within supply chain but was partially offset by a decrease in U.S. Company-owned store gross margin. Net income increased $12.2 million, or 7.2%, in the fourth quarter of 2025 as compared to the fourth quarter of 2024, primarily due to higher income from operations as discussed above. To a lesser extent, a decrease in the provision for income taxes also contributed to the increase in net income. The effective tax rate decreased to 21.2% in the fourth quarter of 2025 as compared to 23.3% in the fourth quarter of 2024, resulting in a decrease in the provision for income taxes of $2.8 million. These increases in net income were partially offset by an unfavorable change of $10.8 million in the pre-tax net realized and unrealized losses and gains associated with the Company's investment in DPC Dash Ltd. Diluted EPS was $5.35 in the fourth quarter of 2025 as compared to $4.89 in the fourth quarter of 2024, representing a $0.46, or 9.4%, increase. The increase in diluted EPS in the fourth quarter of 2025 as compared to the fourth quarter of 2024 was driven by higher net income and a lower weighted average diluted share count resulting from the Company's share repurchases during the trailing four quarters. Net cash provided by operating activities was $792.1 million in 2025 as compared to $624.9 million in 2024. The Company spent $120.6 million on capital expenditures in 2025 as compared to $112.9 million in 2024, resulting in free cash flow of $671.5 million in 2025 as compared to $512.0 million in 2024. The increase in free cash flow was primarily driven by the positive impact of changes in operating assets and liabilities. Additionally, higher net income excluding non-cash operating activities and the timing and amount of advertising activities also contributed to the increase in free cash flow. These increases were partially offset by a higher investments in capital expenditures. Quarterly Dividend

Subsequent to the end of the fourth quarter of 2025, on February 18, 2026, the Company's Board of Directors approved a 15% increase to its per share quarterly dividend and a $1.99 per share quarterly dividend was declared on its outstanding common stock for shareholders of record as of March 13, 2026, to be paid on March 30, 2026.

Share Repurchases

During the fourth quarter of 2025, the Company repurchased and retired 188,526 shares of common stock for a total of $80.0 million. During 2025, the Company repurchased and retired 785,280 shares of common stock for a total of $354.7 million. As of December 28, 2025, the Company had a total remaining authorized amount for share repurchases of $459.7 million.

Comments on Regulation G

In addition to the GAAP financial measures set forth in this press release, the Company has included non-GAAP financial measures within the meaning of Regulation G, including free cash flow, income from operations, excluding foreign currency impact and Consolidated Adjusted EBITDA. The Company has also included metrics such as global retail sales, global retail sales growth (excluding foreign currency impact), same store sales growth, net store growth, food basket pricing change, impact of changes in foreign currency exchange rates on international franchise royalty revenues and the leverage ratio, which are commonly used statistical measures in the quick-service restaurant industry that are important to understanding Company performance.

The Company uses "global retail sales," a statistical measure, to refer to total worldwide retail sales at Company-owned and franchise stores. The Company believes global retail sales information is useful in analyzing revenues because franchisees pay royalties and advertising fees that are based on a percentage of franchise retail sales. The Company reviews comparable industry global retail sales information to assess business trends and to track the growth of the Domino's Pizza brand and believes they are indicative of the financial health of the Company's franchisee base. In addition, supply chain revenues are directly impacted by changes in franchise retail sales in the U.S. and Canada. As a result, sales by Domino's franchisees have a direct effect on the Company's profitability. Retail sales for franchise stores are reported to the Company by its franchisees and are not included in Company revenues. "Global retail sales growth" is calculated as the change of U.S. Dollar global retail sales against the comparable period of the prior year. "Global retail sales growth, excluding foreign currency impact" is calculated as the change of international local currency global retail sales against the comparable period of the prior year. Changes in global retail sales growth, excluding foreign currency impact, are primarily driven by same store sales growth and net store growth.

The Company uses "same store sales growth," a statistical measure, which is calculated by including only retail sales from stores that also had sales in the comparable weeks of both periods. International same store sales growth is calculated similarly to U.S. same store sales growth. Changes in international same store sales are reported excluding foreign currency impacts, which reflect changes in international local currency sales. Same store sales growth for transferred stores is reflected in their current classification.

The Company uses "net store growth," a statistical measure, which is calculated by netting gross store openings with gross store closures during the period. Transfers between Company-owned stores and franchised stores are excluded from the calculation of net store growth.

The Company uses "food basket pricing change," a statistical measure, which is calculated as the percentage change of the food basket (including both food and cardboard products) purchased by an average U.S. store (based on average weekly unit sales) from U.S. supply chain centers against the comparable period of the prior year. The Company believes that the food basket pricing change is important to investors and other interested persons to understand the Company's performance. As food basket prices fluctuate, revenues, cost of sales and gross margin percentages in the Company's supply chain segment also fluctuate. Additionally, cost of sales, gross margins and gross margin percentages for the Company's U.S. Company-owned stores also fluctuate.

The Company uses "free cash flow," which is calculated as net cash provided by operating activities, less capital expenditures, both as reported under GAAP. The most directly comparable financial measure calculated and presented in accordance with GAAP is net cash provided by operating activities. The Company believes that the free cash flow measure is important to investors and other interested persons, and that such persons benefit from having a measure which communicates how much cash flow is available for working capital needs or to be used for repurchasing debt, making acquisitions, repurchasing common stock or paying dividends.

The Company uses "income from operations, excluding foreign currency impact," which is calculated as income from operations as reported under GAAP, less the "impact of changes in foreign currency exchange rates on international franchise royalty revenues," a statistical measure. The most directly comparable financial measure calculated and presented in accordance with GAAP is income from operations. The impact of changes in foreign currency exchange rates on international franchise royalty revenues is calculated as the difference in international franchise royalty revenues resulting from translating current period local currency results to U.S. dollars at current period exchange rates as compared to prior period exchange rates. The Company believes that the impact of changes in foreign currency exchange rates on international franchise royalty revenues is important to investors and other interested persons to understand the Company's international royalty revenues given the significant variability in those revenues and that can be driven by changes in foreign currency exchanges rates. International franchise royalty revenues do not have a cost of sales component, so changes in these revenues have a direct impact on income from operations.

The Company uses "Consolidated Adjusted EBITDA," which is calculated as Segment Income as defined by the Company under Accounting Standards Codification 280, Segment Reporting, less corporate administrative costs that have not been allocated to a reportable segment including labor, computer expenses, professional fees, travel and entertainment, rent, insurance and other corporate administrative costs. Consolidated Adjusted EBITDA is defined in the base indenture governing the Company's securitized debt. The Company uses Consolidated Adjusted EBITDA to determine future business objectives and targets and for long-range planning, as well as to evaluate total Company operating performance for the purposes of determining certain variable performance-based compensation. The Company believes Consolidated Adjusted EBITDA is a reliable barometer for the overall success of the Company. It is also used to calculate the leverage ratio (defined below), and other ratios defined in the indenture governing the Company's securitized debt. As such, Consolidated Adjusted EBITDA is important to investors and other interested persons to understand the financial performance of the Company, and to assess the ability of the Company to meet its financial obligations.

The Company uses the "leverage ratio1," which is calculated as the Company's securitized debt related to its fixed-rate notes and borrowings under its variable funding notes, divided by Consolidated Adjusted EBITDA on a trailing four quarters basis. The Company has historically operated with a leverage ratio between four and six times. The Company reviews its leverage ratio on at least a quarterly basis and believes its leverage ratio is important to investors and other interested persons to understand the capital structure of the Company, and to assess the ability of the Company to meet its financial obligations.

The reconciliation of the leverage ratio for the fourth quarters of 2025 and 2024 is as follows below.

December 28,
2025

December 29,
2024

2015 Ten-Year Notes

$

—

$

742,000

2017 Ten-Year Notes

940,000

940,000

2018 7.5-Year Notes

—

402,688

2018 9.25-Year Notes

379,000

379,000

2019 Ten-Year Notes

648,000

648,000

2021 7.5-Year Notes

826,625

826,625

2021 Ten-Year Notes

972,500

972,500

2025 Five-Year Notes

500,000

—

2025 Seven-Year Notes

500,000

—

Total fixed-rate notes

$

4,766,125

$

4,910,813

Segment Income - fourth quarter of 2025 and 2024

$

368,018

$

340,968

Segment Income - third quarter of 2025 and 2024

273,771

252,117

Segment Income - second quarter of 2025 and 2024

273,758

253,565

Segment Income - first quarter of 2025 and 2024

268,417

260,016

Segment Income - trailing four quarters

$

1,183,964

$

1,106,666

General and administrative - other - fourth quarter of 2025 and 2024

$

(30,687)

$

(27,818)

General and administrative - other - third quarter of 2025 and 2024

(19,771)

(22,839)

General and administrative - other - second quarter of 2025 and 2024

(20,925)

(26,165)

General and administrative - other - first quarter of 2025 and 2024

(27,313)

(18,173)

General and administrative - other - trailing four quarters

$

(98,696)

$

(94,995)

Consolidated Adjusted EBITDA - trailing four quarters

$

1,085,268

$

1,011,671

Leverage ratio

4.4

x

4.9

x

(1)

The Company also calculates and reviews its Senior Leverage Ratio and Holdco Leverage Ratio as defined in the indenture governing the Company's securitized debt.

Conference Call Information

The Company will file its Annual Report on Form 10-K today. As previously announced, Domino's Pizza, Inc. will hold a conference call today at 8:30 a.m. (Eastern) to review its fourth quarter and fiscal 2025 financial results. The webcast is available at ir.dominos.com and will be archived for one year.

About Domino's Pizza®

Founded in 1960, Domino's Pizza is the largest pizza company in the world, with a significant business in both delivery and carryout. It ranks among the world's top public restaurant brands with a global enterprise of more than 22,100 stores in over 90 markets. Domino's had global retail sales of over $20.1 billion in 2025. Its system is comprised of independent franchise owners who accounted for 99% of Domino's stores as of the end of the fourth quarter of 2025. In the U.S., Domino's generated more than 85% of U.S. retail sales in 2025 via digital channels and has developed many innovative ordering platforms.

Order – dominos.com
Company Info – biz.dominos.com
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Please visit our Investor Relations website at ir.dominos.com to view news, announcements, earnings releases, investor presentations and conference webcasts.

SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995:

This press release contains various forward-looking statements about the Company within the meaning of the Private Securities Litigation Reform Act of 1995 (the "Act") that are based on current management expectations that involve substantial risks and uncertainties which could cause actual results to differ materially from the results expressed in, or implied by, these forward-looking statements. The following cautionary statements are being made pursuant to the provisions of the Act and with the intention of obtaining the benefits of the "safe harbor" provisions of the Act. You can identify forward-looking statements by the use of words such as "anticipates," "believes," "could," "should," "estimates," "expects," "intends," "may," "will," "plans," "predicts," "projects," "seeks," "approximately," "potential," "outlook" and similar terms and phrases that concern our strategy, plans or intentions, including references to assumptions. These forward-looking statements address various matters including information concerning future results of operations and business strategy, our anticipated profitability, estimates in same store sales growth, store growth and the growth of our U.S. and international business in general, our ability to service our indebtedness, our future cash flows, our operating performance, trends in our business and other descriptions of future events reflect the Company's expectations based upon currently available information and data. While we believe these expectations and projections are based on reasonable assumptions, such forward-looking statements are inherently subject to risks, uncertainties and assumptions. Important factors that could cause actual results to differ materially from our expectations are more fully described in our filings with the Securities and Exchange Commission, including under the section headed "Risk Factors" in our Annual Report on Form 10-K for the fiscal year ended December 28, 2025. Actual results may differ materially from those expressed or implied in the forward-looking statements as a result of various factors, including but not limited to: our substantial indebtedness and our ability to incur additional indebtedness or refinance or renegotiate key terms of that indebtedness in the future; the impact a downgrade in our credit rating may have on our business, financial condition and results of operations; our future financial performance and our ability to pay principal and interest on our indebtedness; the strength of our brand, including our ability to compete in the U.S. and internationally in our intensely competitive industry, including the food service and food delivery markets; our ability to successfully implement our growth strategy, including through our participation in the third-party order aggregation marketplace; labor shortages or changes in operating expenses resulting from increases in prices of food (particularly cheese), fuel and other commodity costs, labor, utilities, insurance, employee benefits and other operating costs or negative economic conditions; the effectiveness of our advertising, operations and promotional initiatives; shortages, interruptions or disruptions in the supply or delivery of fresh food products and store equipment; the additional risks our international operations subject us to, which may differ in each country in which we and our franchisees do business; the dependence of our earnings and business growth strategy on the success of our franchisees; our ability and that of our franchisees to successfully operate in the current and future credit environment; the impact of social media, the rise of artificial intelligence-generated content, or a boycott on our business, brand and reputation; the impact of new or improved technologies, including artificial intelligence, and alternative methods of delivery on consumer behavior; new product, digital ordering and concept developments by us, and other food-industry competitors; our ability to maintain good relationships with and attract new franchisees, and franchisees' ability to successfully manage their operations without negatively impacting our royalty payments and fees or our brand's reputation; our ability to successfully implement cost-saving strategies; changes in the level of consumer spending given general economic conditions, including interest rates, energy prices and consumer confidence or negative economic conditions in general; our ability and that of our franchisees to open new restaurants and keep existing restaurants in operation and maintain demand for new stores; the impact that widespread illness, health epidemics or general health concerns, severe weather conditions and natural disasters may have on our business and the economies of the countries where we operate; changes in foreign currency exchange rates; changes in income tax rates; our ability to retain or replace our executive officers and other key members of management and our ability to adequately staff our stores and supply chain centers with qualified personnel; our ability to find and/or retain suitable real estate for our stores and supply chain centers; changes in government legislation or regulation, including changes in laws and regulations regarding information privacy, payment methods, advertising and consumer protection and social media; adverse legal judgments or settlements; food-borne illness or contamination of products or food tampering or other events that may impact our reputation; data breaches, power loss, technological failures, user error or other cyber risks threatening us or our franchisees; the impact that environmental, social and governance matters may have on our business and reputation; the effect of war, terrorism, catastrophic events, geopolitical or reputational considerations or climate change; our ability to pay dividends and repurchase shares; changes in consumer tastes, spending and traffic patterns and demographic trends; changes in accounting policies; and adequacy of our insurance coverage. In light of these risks, uncertainties and assumptions, the forward-looking events discussed in this press release might not occur. All forward-looking statements speak only as of the date of this press release and should be evaluated with an understanding of their inherent uncertainty. Except as required under federal securities laws and the rules and regulations of the Securities and Exchange Commission, or other applicable law, we will not undertake, and specifically disclaim, any obligation to publicly update or revise any forward-looking statements to reflect events or circumstances arising after the date of this press release, whether as a result of new information, future events or otherwise. You are cautioned not to place undue reliance on the forward-looking statements included in this press release or that may be made elsewhere from time to time by, or on behalf of, us. All forward-looking statements attributable to us are expressly qualified by these cautionary statements.

TABLES TO FOLLOW

Domino's Pizza, Inc. and Subsidiaries

Condensed Consolidated Statements of Income

(Unaudited)

Fiscal Quarter Ended

December 28,
2025

% of
Total
Revenues

December 29,
2024

% of
Total
Revenues

(In thousands, except share and per share data)

Revenues:

U.S. Company-owned stores

$

108,350

$

119,812

U.S. franchise royalties and fees

212,698

196,025

Supply chain

935,584

876,009

International franchise royalties and fees

107,432

98,396

U.S. franchise advertising

171,676

153,672

Total revenues

1,535,740

100.0

%

1,443,914

100.0

%

Cost of sales:

U.S. Company-owned stores

97,404

101,264

Supply chain

828,795

776,796

Total cost of sales

926,199

60.3

%

878,060

60.8

%

Gross margin

609,541

39.7

%

565,854

39.2

%

General and administrative

142,343

9.2

%

138,530

9.6

%

U.S. franchise advertising

171,676

11.2

%

153,672

10.6

%

Refranchising gain

(145)

0.0

%

—

—

Income from operations

295,667

19.3

%

273,652

19.0

%

Other (expense) income

(7,580)

(0.5)

%

3,193

0.2

%

Interest expense, net

(57,681)

(3.8)

%

(55,852)

(3.9)

%

Income before provision for income taxes

230,406

15.0

%

220,993

15.3

%

Provision for income taxes

48,763

3.2

%

51,549

3.6

%

Net income

$

181,643

11.8

%

$

169,444

11.7

%

Earnings per share:

Common stock – diluted

$

5.35

$

4.89

Weighted average diluted shares

33,958,449

34,655,676

Domino's Pizza, Inc. and Subsidiaries

Condensed Consolidated Statements of Income

(Unaudited)

Fiscal Year Ended

December 28,
2025

% of
Total
Revenues

December 29,
2024

% of
Total
Revenues

(In thousands, except share and per share data)

Revenues:

U.S. Company-owned stores

$

375,153

$

393,898

U.S. franchise royalties and fees

677,114

638,193

Supply chain

2,989,529

2,845,781

International franchise royalties and fees

338,704

318,691

U.S. franchise advertising

559,494

509,853

Total revenues

4,939,994

100.0

%

4,706,416

100.0

%

Cost of sales:

U.S. Company-owned stores

321,646

327,986

Supply chain

2,644,788

2,529,928

Total cost of sales

2,966,434

60.0

%

2,857,914

60.7

%

Gross margin

1,973,560

40.0

%

1,848,502

39.3

%

General and administrative

464,120

9.4

%

459,492

9.8

%

U.S. franchise advertising

559,494

11.3

%

509,853

10.8

%

Refranchising (gain) loss

(4,028)

0.0

%

158

0.0

%

Income from operations

953,974

19.3

%

878,999

18.7

%

Other (expense) income

(2,544)

0.0

%

22,064

0.5

%

Interest expense, net

(181,092)

(3.7)

%

(178,848)

(3.9)

%

Income before provision for income taxes

770,338

15.6

%

722,215

15.3

%

Provision for income taxes

168,634

3.4

%

138,045

2.9

%

Net income

$

601,704

12.2

%

$

584,170

12.4

%

Earnings per share:

Common stock – diluted

$

17.57

$

16.69

Weighted average diluted shares

34,237,646

34,991,484

Domino's Pizza, Inc. and Subsidiaries

Condensed Consolidated Balance Sheets

(Unaudited)

December 28,
2025

December 29,
2024

(In thousands)

Assets

Current assets:

Cash and cash equivalents

$

125,675

$

186,126

Restricted cash and cash equivalents

216,110

195,370

Accounts receivable, net

315,958

309,104

Inventories

79,189

70,919

Prepaid expenses and other

39,767

40,363

Advertising fund assets, restricted

117,502

103,396

Total current assets

894,201

905,278

Property, plant and equipment, net

324,022

301,179

Operating lease right-of-use assets

219,485

210,302

Investment in DPC Dash

36,070

82,699

Other assets

242,681

237,555

Total assets

$

1,716,459

$

1,737,013

Liabilities and stockholders' deficit

Current liabilities:

Current portion of long-term debt

$

6,131

$

1,149,679

Accounts payable

135,029

85,898

Operating lease liabilities

47,553

39,920

Advertising fund liabilities

115,412

101,567

Other accrued liabilities

237,496

235,398

Total current liabilities

541,621

1,612,462

Long-term liabilities:

Long-term debt, less current portion

4,810,683

3,825,659

Operating lease liabilities

183,917

181,983

Other accrued liabilities

81,380

79,200

Total long-term liabilities

5,075,980

4,086,842

Total stockholders' deficit

(3,901,142)

(3,962,291)

Total liabilities and stockholders' deficit

$

1,716,459

$

1,737,013

Domino's Pizza, Inc. and Subsidiaries

Condensed Consolidated Statements of Cash Flows

(Unaudited)

Fiscal Year Ended

December 28,
2025

December 29,
2024

(In thousands)

Cash flows from operating activities:

Net income

$

601,704

$

584,170

Adjustments to reconcile net income to net cash provided by operating activities:

Depreciation and amortization

88,827

87,732

Refranchising (gain) loss

(4,028)

158

Loss on sale/disposal of assets

1,855

1,527

Amortization of debt issuance costs

5,748

5,298

Provision (benefit) for deferred income taxes

1,288

(9,117)

Non-cash equity-based compensation expense

44,640

43,255

Excess tax benefits from equity-based compensation

(3,158)

(22,241)

(Benefit) provision for losses on accounts and notes receivable

(109)

191

Unrealized and realized losses (gains) on investments, net

2,544

(22,064)

Changes in operating assets and liabilities

42,015

(37,035)

Changes in advertising fund assets and liabilities, restricted

10,736

(6,977)

Net cash provided by operating activities

792,062

624,897

Cash flows from investing activities:

Capital expenditures

(120,558)

(112,885)

Sale of investments

44,085

82,918

Proceeds from sale of assets

8,558

74

Other

(2,275)

(1,336)

Net cash used in investing activities

(70,190)

(31,229)

Cash flows from financing activities:

Proceeds from issuance of long-term debt

1,000,000

—

Repayments of long-term debt and finance lease obligations

(1,149,528)

(17,647)

Proceeds from exercise of stock options

18,792

36,024

Purchases of common stock

(357,697)

(329,557)

Tax payments for restricted stock upon vesting

(11,360)

(11,098)

Payments of common stock dividends and equivalents

(236,861)

(209,945)

Cash paid for financing costs

(15,439)

—

Net cash used in financing activities

(752,093)

(532,223)

Effect of exchange rate changes on cash

1,782

(2,154)

Change in cash and cash equivalents, restricted cash and cash equivalents

(28,439)

59,291

Cash and cash equivalents, beginning of period

186,126

114,098

Restricted cash and cash equivalents, beginning of period

195,370

200,870

Cash and cash equivalents included in advertising fund assets, restricted,
   beginning of period

80,928

88,165

Cash and cash equivalents, restricted cash and cash equivalents and
   cash and cash equivalents included in advertising fund assets, restricted,
   beginning of period

462,424

403,133

Cash and cash equivalents, end of period

125,675

186,126

Restricted cash and cash equivalents, end of period

216,110

195,370

Cash and cash equivalents included in advertising fund assets, restricted, end of period

92,200

80,928

Cash and cash equivalents, restricted cash and cash equivalents and cash and
   cash equivalents included in advertising fund assets, restricted, end of period

$

433,985

$

462,424

SOURCE Domino's Pizza, Inc.

 XRP Futures Open Interest Surges to 1.66B as Traders Position for Breakout — or Brace for VolatilityXRP derivatives activity is heating up as the broader crypto market shows signs of stabilization. According to market analyst Z988 Crypto, futures open interest has surged to 1.66 billion XRP, marking a 2.56% jump in just 24 hours. 

This sharp rise signals renewed trader engagement and fresh capital entering the market. As a measure of all active, unsettled futures contracts, open interest provides a real-time gauge of conviction, leverage, and positioning, suggesting growing momentum in XRP’s derivatives landscape.

Unlike trading volume, which reflects how much has changed hands, open interest reveals how much capital is still actively committed to the market. 

A rise in open interest during price stabilization typically signals fresh positions being opened, not just old ones being unwound. For XRP, the expanding derivatives activity suggests traders are positioning aggressively at a decisive technical inflection point.

Meanwhile, XRP continues to defend a nine-year macro support level, with bulls eyeing an ambitious move toward the $10 zone, a target that, if momentum sustains, could redefine its long-term market structure.

Well, February was a volatile month for XRP. Amid a broader market pullback, the token tumbled to $1.11 before rebounding to around $1.37, according to CoinCodex data. 

Source: CoinCodexWhile the recovery appears modest, it aligns with a notable rise in futures positioning, signaling growing speculative activity and prompting fresh questions about whether traders are hedging risk or positioning for a breakout.

XRP Open Interest Surge: Early Signal of Breakout or Volatility Ahead?Rising open interest during recovery phases often reflects strengthening trader conviction. As XRP stabilizes, derivatives participants appear to be building positions in anticipation of a potential breakout, particularly if broader crypto sentiment continues to improve. 

Historically, surging open interest during consolidation has preceded sharp directional moves, signaling that capital is positioning ahead of volatility rather than retreating from it.

However, the critical question remains: does the 1.66 billion XRP in futures represent strategic institutional positioning, or is it predominantly retail-driven leverage amplifying short-term risk? The answer could determine whether this buildup fuels a sustainable rally, or sets the stage for heightened liquidation-driven volatility.

Rising open interest isn’t automatically bullish. While it signals renewed participation, it also amplifies systemic leverage. When positioning becomes crowded on one side, the market grows vulnerable to cascading liquidations. 

Overloaded longs can spark sharp downside swings if momentum stalls, while aggressive shorts risk fueling explosive squeezes.

XRP’s 2.56% jump in open interest may appear modest, but against the backdrop of recent volatility and fragile sentiment, it carries weight. Traders are clearly re-engaging, yet whether they’re building conviction longs or layering defensive hedges remains unclear.

Adding to the intrigue, XRP’s weekly and monthly RSI have slipped below their 2020 lows, historically a zone associated with cycle bottoms. This raises a critical question: has XRP already bottomed, or is leverage quietly setting the stage for another volatility spike?

ConclusionRising XRP futures open interest marks a key inflection point. Growing trader confidence hints at potential upside, but overcrowded positions could fuel volatility. How XRP manages this balance will shape short-term momentum and broader market sentiment.

Bitcoin slid below $65,000 over the weekend before stabilizing Monday as traders on prediction market Polymarket increased bets that the cryptocurrency’s pullback has further to run.

The odds of Bitcoin (BTC) falling below $55,000 climbed to 72% on Polymarket Monday, with $1.2 billion in volume on platform.

Other bearish bets include price declines below $50,000 and $45,000, with odds of 67% and 47%, and trading volumes of $170,000 and $1.4 billion, respectively.

Odds that Bitcoin would drop below $55,000 surged 14% at the time of writing. Source: PolymarketBitcoin briefly fell below $65,000 on Sunday before recovering at around $65,900 at the time of writing, according to TradingView data.

Bitcoin’s market cap also slid to roughly $1.31 trillion, dropping behind the Vanguard S&P 500 ETF (VOO) and falling to 15th globally amid the ongoing crypto market rout, according to 8marketcap.

Bitcoin’s market cap is down 25% year-to-dateBitcoin’s market capitalization has fallen by about $440 billion this year, roughly a quarter of its value, with prices sliding from around $90,000.

The total crypto market cap has seen a similar drop, shedding about $760 billion, or 24.5%, according to CoinGecko data.

Bitcoin now sits between the Vanguard S&P 500 ETF (VOO) and Berkshire Hathaway (BRK-B) in market cap rankings. Source: 8marketcapAt $65,900, BTC has gained roughly 22% over the past five years, showing the asset’s volatility and reigniting questions about its role as an inflation hedge.

Many expect $55,000 to be the “ultimate market bottom”Traders’ expectations that Bitcoin could drop below $55,000 align with views from analysts, major financial institutions and native market platforms.

Analysts at Standard Chartered project BTC could fall to $50,000 before potentially recovering toward $100,000, while CryptoQuant suggests $55,000 may represent the “ultimate market bottom.”

On Monday, CryptoQuant noted that Tether USDt (USDT) was under extreme liquidity stress, a signal reminiscent of the 2022 market bottom.

Source: CryptoQuantCryptoQuant also reported Saturday that stablecoin exchange flows indicate declining marginal buying power, with net USDT inflows to exchanges falling sharply from a one-year high of $616 million in November 2025 to just $27 million.

“This contraction indicates reduced liquidity ready to be deployed into crypto markets,” the firm said in a report shared with Cointelegraph.

Despite the persisting bearish sentiment, some analysts highlight Bitcoin’s long-term value. Advocate Pierre Rochard described it as the “most undervalued asset in the world” in a post on X on Sunday.

Source: CoinbaseSimilarly, a Coinbase survey found roughly 70% of institutional investors view Bitcoin as undervalued when priced between $85,000 and $95,000, noting its continued underperformance relative to precious metals and equities.

Magazine: Is China hoarding gold so yuan becomes global reserve instead of USD?

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

Arthur Hayes, Chief Investment Officer at Maelstrom Fund, gave details of his investment portfolio on Sunday, including two cryptocurrencies showing starkly different year-to-date performances. Hayes Spotlights Crypto Selections Hayes revealed his cryptocurrency holdings in an X post, including Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH), along with privacy-focused coin Zcash (CRYPTO: ZEC) and decentralized exchange token, Hyperliquid (CRYPTO: HYPE).

Bitcoin’s recent price action reflects renewed weakness after failing to sustain momentum above the $70K region. The rejection at this key psychological threshold has shifted short-term sentiment back toward caution, as sellers regained control and forced the price beneath recent daily lows.

Bitcoin Price Analysis: The Daily Chart On the daily timeframe, BTC recently faced a clear rejection at the $70K threshold, where selling pressure intensified and pushed the asset back below the recent daily lows. This breakdown highlights the continued presence of sellers at higher levels and reinforces the fragile nature of the current recovery attempts.

With the price slipping back under short-term structure, the market appears to be lacking strong bullish momentum. At this stage, Bitcoin is likely to remain in a broader consolidation phase between the $60K support zone and the $75K resistance area. A decisive breakout beyond either boundary will be required to establish the next sustained directional move, while continued rejection near $70K keeps the short-term bias cautious.

BTC/USDT 4-Hour Chart On the 4-hour timeframe, Bitcoin had been compressing inside a symmetrical triangle following the sharp bounce from the $60K low. That structure has now resolved to the downside, with the price breaking below the ascending support trendline and accelerating lower.

The breakdown confirms short-term bearish continuation and shifts focus back toward the lower boundary of the broader demand area. Any rebound toward the underside of the broken triangle support or toward the $74K–$76K prior supply region would likely be viewed as a corrective retest unless buyers can generate strong follow-through.

At the moment, short-term structure favors sellers, and the market is searching for a new equilibrium level after the failed compression.

Sentiment Analysis The liquidation heatmap shows a dense liquidity cluster above the current price around the $69K–$70K region, which previously acted as a magnetic zone during consolidation. This cluster absorbed the price multiple times before the recent drop, highlighting how overhead liquidity continues to cap upside attempts.

At the same time, slight liquidity bands have formed below the market in the $62K–$65K range. The recent sharp move downward tapped into part of this liquidity pocket, triggering liquidations and fueling volatility. The presence of remaining liquidity beneath the current price suggests that further sweeps cannot be ruled out, especially if momentum remains weak.

Overall, Bitcoin is positioned between overhead liquidity that acts as resistance and lower liquidity pockets that may attract price in the short term. The interaction with these zones, combined with the broader bearish channel structure, will determine whether Bitcoin stabilizes above $60K or extends its corrective phase deeper.

Tags:

Ripple’s XRP joined the rest of the market in the past day, with another crash displaying continued weakness within a broader descending structure, as upside attempts repeatedly fail to generate sustained momentum. The price is now trading within a clearly defined range, awaiting a decisive breakout to determine the next directional move.

Ripple Price Analysis: The Daily Chart On the daily timeframe, XRP attempted to break above the channel’s middle boundary of $1.60 but failed to sustain the move. The brief push beyond this midline resulted in a liquidity sweep, where buy-side liquidity was taken before sellers stepped back in and drove the asset lower. This false breakout highlights the presence of supply overhead and confirms that bullish momentum remains fragile.

Following the rejection, the price rotated back into the established range and continues to fluctuate between the upper supply zone and the lower demand base. The structure now suggests ongoing consolidation rather than immediate trend reversal. Unless XRP can decisively reclaim and hold above the channel’s middle boundary, the market is likely to remain range-bound, with liquidity hunts on both sides shaping short-term volatility.

XRP/USDT 4-Hour Chart On the 4-hour timeframe, XRP remains structurally bearish, trading inside a well-defined descending structure. After the failed daily breakout and liquidity sweep, the price resumed its downward trajectory and continues to form lower highs and lower lows within the channel boundaries.

The recent bounce from the lower demand zone near the $1.10–$1.20 region was sharp but corrective in nature. The asset is now consolidating around the $1.35–$1.40 area, which previously acted as intraday support.

As long as XRP remains below the channel’s mid-structure and the $1.50 zone, upside attempts are likely to face selling pressure. A move toward the $1.50–$1.55 supply region would be considered a corrective retest unless accompanied by strong momentum and a structural break. On the downside, losing the current support cluster would expose the lower boundary of the channel and increase the probability of another liquidity sweep below recent lows.

Tags:

Cover image via www.freepik.com Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.

Following months of declining price action, Shiba Inu has dropped below the crucial $0.000006 level, indicating the ongoing pressure on the asset. While a collapse is not always confirmed by the breakdown, it does indicate that bulls are having difficulty defending important support areas, as the overall trend continues to be skewed downward. Since SHIB is currently attempting to stabilize just below that psychological threshold, the upcoming sessions will be crucial in establishing the short-term course.

Shiba Inu in losing positionA rising short-term trendline supports the price's attempt to construct a modest recovery from recent lows, according to the current structure. Nevertheless, there is still little momentum, and the asset is still below significant moving averages, which serve as resistance. Practically speaking, this indicates that SHIB is operating from a vulnerability. The market will probably view rallies as relief moves rather than verified reversals, as long as it remains below the lost $0.000006 region.

SHIB/USDT Chart by TradingViewIt is safe to say that SHIB's ability to recover is not nonexistent, and it can maintain its position above $0.000006. That level is now the first major battleground since it changed from support to resistance. If buyers are regaining control, a sustained move back above it could pave the way for a more robust rebound. The focus remains on downside risks in the absence of that recovery.

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It is obvious what the next levels will be. In line with recent local lows and the rising trendline that has momentarily slowed the decline, the first support is located close to $0.0000055. More selling pressure might be generated if this zone is broken. The next significant structural level below that is $0.0000050, where buyers have previously expressed interest and where the market may try to reach another base.

Resistance at $0.0000065 is crucial on the upside; regaining it would enhance market structure and indicate the possibility of an early recovery. Expectations should stay balanced moving forward. While SHIB is not yet displaying significant bullish momentum, it is attempting to prevent a more severe breakdown by consolidating close to support.

BTC is trading around $68,000, slightly up on the day but down over the week, and Robinhood’s crypto head says their users are using this environment to buy dips and diversify beyond just BTC and ETH.

Summary

BTC trades near recent lows after multi-week decline amid persistent ETF outflows and extreme fear readings. Robinhood users increasingly rotate from just BTC, ETH into a broader basket of tokens during the downturn. Staking demand for ETH and SOL on Robinhood remains strong since its December launch, signaling active on-chain use, not passive holding. Cryptocurrency investors are diversifying their holdings beyond Bitcoin and Ethereum during the current market decline, according to a Robinhood executive.

Johann Kerbrat, head of crypto at Robinhood, stated in a recent interview that many platform users view the ongoing market downturn as an opportunity to purchase digital assets at lower prices. However, trading activity has expanded beyond the largest cryptocurrencies, Kerbrat said.

“Customers see the current market as a buying opportunity. However, they are expanding their transactions beyond the two or three most popular cryptocurrencies to include a wider range of assets,” Kerbrat stated.

The executive reported that clients are actively using their tokens rather than simply holding them on the platform. Interest in staking has remained strong since Robinhood launched the feature in December, according to Kerbrat.

The shift in investor behavior comes as overall market sentiment remains at extreme levels of fear, according to market indicators. U.S. spot Bitcoin exchange-traded funds have experienced net outflows for several weeks, data shows.

Despite the negative market conditions, interest in decentralized finance use cases is increasing, Kerbrat noted.

Bitcoin and altcoin prices have continued to decline in recent weeks, extending losses across the cryptocurrency market.

The upcoming prominent resistance is around the $1,950 level, and there is also a bearish trend line with resistance at $1,950. Any further loss may send the price toward the $1,740 region, and the big support could be somewhere around $1,720.  The price of Ethereum wasn’t able to surpass the $1,900 mark today and posted a fall such as Bitcoin. At the time of writing, the ETH price stood at $1,864.90, and with this, it has entered a bearish zone. 

A low was made at $1,848, and after that the price showed a minor recovery wave. The price also went over the $1865 level but didn’t manage to hold longer and has still slipped below the 23.6% Fib retracement level of the downward move from the $1,994 swing high to the $1,845 low. 

If the bulls go again over $1,850, then the price could look for another try for an increase; however, quick resistance is witnessed around the $1,880 mark. The first prominent resistance is around the $1,920 level and the 50% Fib retracement level of the downward move from the $1,994 swing high to the $1,845 low. 

The Resistance Zone  The upcoming prominent resistance is around the $1,950 level. There is also a bearish trend line with resistance at $1,950 on the hourly chart of ETH/USD. A clean move over the $1,950 resistance may push the price to the $2,000 resistance. 

An upside break over the $2,000 region may captivate more gains in the near future. In the said situation, Ether could grow toward the $2,050 resistance zone or also $2,120 in the near term. 

If Ethereum slips to the $1,920 resistance, it could initiate a fresh decline. The starting support on the downside is around the $1,850 level. The first significant support is around the $1,825 zone. 

A clear move under the $1,825 support might push the price toward the $1,780 support. Any further loss may send the price toward the $1,740 region. The big support could be somewhere around $1,720. 

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Singapore based BTC and AI miner sells all holdings to build liquidity for expansion, signaling a broader shift in capital strategy across the sector. Feb 23, 2026, 9:58 a.m.

Bitdeer (BTDR) a Singapore-based bitcoin mining and AI infrastructure company has reduced its bitcoin treasury stash to zero, marking a sharp break from the miner playbook of hoarding coins as a signal of conviction seen by the likes of Strategy (MSTR).

The company reported BTC holdings of zero as of Feb. 20, excluding customer deposits. It produced 189.8 BTC on their weekly update and sold the entire amount. Instead of positioning bitcoin as a balance sheet reserve, Bitdeer is turning production into liquidity.

STORY CONTINUES BELOW

Bitdeer said the decision to sell bitcoin should not concern the broader market, in a post on X, noting it is evaluating multiple powered land acquisition opportunities and believes it is prudent to prepare liquidity now, while continuing to grow hash rate and mine more bitcoin for shareholders.

Operationally, growth remains intact for the company. Bitdeer mined 668 bitcoin in January, up 430% year over year, and increased its self mining hash rate to 63.2 EH per second (EH/s), with total proprietary hash rate reaching 65.1 EH/s.

Bitdeer is accelerating its push into AI infrastructure, rolling out NVIDIA GB200 NVL72 systems in Malaysia and advancing conversions of several sites in the U.S. and Europe from crypto mining to AI data centers.

AI expansion is far more capital intensive than incremental mining buildouts, requiring large scale GPU clusters and data center upgrades.

Bitdeer recently priced a $325 million convertible notes offering and a $43.5 million equity raise to fund datacenter expansion, HPC and AI cloud growth, and ASIC development.

Unlike bitcoin mining, which is tied to price cycles and halvings, AI and HPC contracts can offer more predictable revenue streams. The pivot also represents an attempt by miners to be valued less as leveraged bitcoin proxies and more as digital infrastructure and AI plays.

Peers are moving in the same direction. Riot Platforms (RIOT) recently sold $200 million worth of bitcoin to fund operations and AI expansion. While Bitfarms (BITF) are dropping its “bitcoin company” identity and doubled down on AI in the U.S. MARA Holdings (MARA) is also expanding into HPC and AI through a planned 64% stake in France based Exaion.

Bitdeer shares are down 1% in pre-market, trading at $7.70 per share.

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XRP Ledger Transactions Surge 40%, Approaching 2.5 Million DailyThe XRP Ledger is experiencing a surge in real network activity, reflecting stronger adoption and on-chain engagement. 

Daily successful transactions have soared nearly 40% to about 2.5 million, a peak not seen in recent months, according to market analyst Diana.

Notably, XRPL transactions are surging amid market fluctuations, with the altcoin trading at $1.40, just below key moving averages. 

Source: CoinCodexBeyond price, the jump in network activity underscores real-world usage, as the ledger powers payments, remittances, and DeFi applications. The Dubai government’s tokenization of $5M in real estate, creating 7.8 million tradable property tokens, marks a major milestone for blockchain-based property markets.

Growing Account Base Supports ActivityThe XRP Ledger now boasts approximately 7.64 million activated accounts, reflecting steady growth from both retail and institutional users. 

With activity spanning micropayments to cross-border settlements, rising account activations and transaction volumes signal strong network fundamentals and potential broader adoption. 

Dominating 63% of the tokenized U.S. Treasury market, the XRP Ledger surpasses Ethereum, Solana, and Arbitrum as the clear leader.

Real Network Usage Outpaces Price MovementXRP’s surge in ledger transactions is striking, especially as the token trades below key technical levels. This divergence highlights that real-world network usage can grow independently of short-term price movements, showcasing XRP’s value as a fast, low-cost, and scalable payment network. 

Meanwhile, Wall Street is going on-chain with the launch of a permissioned DEX on the XRP Ledger, signaling growing institutional adoption.

Therefore, the surge in daily XRP transactions, approaching 2.5 million, signals growing confidence among developers and users. Rising on-chain activity boosts liquidity, strengthens network infrastructure, and may draw more institutional interest. 

ConclusionXRP Ledger transactions have surged 40%, nearing 2.5 million daily, highlighting strong real-world adoption beyond price swings. With 7.64 million activated accounts and rising daily activity, the network proves its efficiency and utility as a high-traffic payment platform. 

Therefore, this growth signals a resilient ecosystem, reinforcing XRP’s role as more than a tradable asset, a thriving blockchain poised for continued adoption.