Hilti India, in collaboration with Delhi Technological University (DTU), has strengthened its longstanding academia–industry partnership with the establishment of an industry-supported laboratory designed to build technical expertise among future engineers and advance its vision of Making Construction Better.

The collaboration is part of a sustained effort to build awareness and expertise in fastening technology, with a focus on enabling knowledge-sharing through structured technical sessions and experiential learning. Anchored in Hilti’s “Educate to Elevate” approach, the initiative reflects a joint commitment to bridging academia and industry — and to shaping a strong engineering community for the future.

The inauguration ceremony was presided over by the Hon’ble Vice Chancellor of DTU, with addresses from the Registrar, Head of the Department of Civil Engineering, Director of CoEDRR, and the Faculty Coordinator of CoEDRR. The proceedings underscored DTU's and CoEDRR's vision and initiatives, with particular emphasis on the role of applied research and industry collaboration in advancing engineering education.

The laboratory has been established with the vision of offering a structured and progressive learning journey for the engineering fraternity of tomorrow. It is designed to take students seamlessly through three distinct stages — from theoretical foundations through reference handbooks covering Steel-to-concrete and Concrete-to-concrete connections, to design and analysis using specialized software, and finally to real-world application through hands-on demonstrations with relevant tools and products.

With a focused emphasis on building competence in post-installed fastening technology, particularly for retrofitting and strengthening applications, the laboratory closely aligns academic learning with current industry requirements and real-world construction practices. The goal is to ensure that students are not just classroom-ready, but genuinely prepared to contribute to improved construction quality, enhanced jobsite safety, and the development of more resilient infrastructure across India.

Commenting on the initiative, Jayant Kumar, General Manager and Managing Director, Hilti India, said, “Engineering education is most powerful when it meets real-world application, and that is precisely the spirit behind our collaboration with Delhi Technological University. By equipping students with hands-on exposure to post-installed connections and modern construction technologies, we are investing in a generation of engineers who will build with greater precision, safety, and confidence. At Hilti India, everything we do is anchored in our purpose of Making Construction Better, and partnerships like this one are how that purpose comes to life, from the classroom to the job site."

This initiative with DTU reflects Hilti India’s commitment to strengthening its engagement with engineering academia in India. Through partnerships that go beyond products and technology, Hilti aims to actively support how future engineers learn, think, and build. By expanding collaborations with leading institutions across the country, Hilti India is working toward integrating industry expertise with academic excellence, supporting the development of safer, more innovative, and sustainable construction practices in India.

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• Strong performance reflects sustained upward momentum driven by international expansion and operational efficiency
• Digital transformation initiatives in automation and artificial intelligence enhanced productivity, governance, and cost optimization

Estithmar Holding Q.P.S.C. announced its financial results for the first quarter of 2026, reporting a net profit of QAR 333 million, marking a significant 97% increase compared to the same period last year. The results underscore the strength of the Company’s operating model and the successful execution of its expansion strategy.

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Estithmar Holding Reports 97% Surge YoY in Q1 2026 in Net Profit to QAR 333 Mn (Photo: AETOSWire)

The company recorded revenues of QAR 1.455 billion, up from QAR 1.309 billion in Q1 2025. Gross profit rose to QAR 561 million compared to QAR 416 million, representing a year-on-year increase of 35%. EBITDA grew by 73% to reach QAR 473 million, while earnings per share increased by 90% to QAR 0.089.

These results reflect comprehensive growth across all key financial indicators, supported by a clear investment vision and the Company’s ability to balance geographic expansion, portfolio diversification, and operational efficiency. International investments announced in previous periods have begun to deliver tangible impact, contributing to revenue growth, enhanced profitability, and asset base expansion.

The strong growth in net profit is attributed to the Company’s disciplined approach to operational efficiency and value creation, alongside prudent capital management and effective risk management practices. In parallel, digital transformation initiatives, particularly in automation and artificial intelligence, have played a key role in improving productivity, strengthening governance, and optimizing costs.

The results also highlight a balanced contribution across the Company’s business Groups; healthcare, services, tourism and real estate development, and industries & specialized contracting, demonstrating each Group’s success in executing its growth strategy within an integrated strategic framework.

Commenting on the results, Juan Leon, CEO of Estithmar Holding, said:
“The Q1 results reflect the strength of our business model and our ability to deliver accelerated and sustainable growth simultaneously. This performance goes beyond achieving record figures, it demonstrates the quality of our investment decisions and disciplined execution across markets and sectors. The balance between revenue growth and improved profitability, supported by strong operational performance and healthy cash flows, highlights our efficiency and our ability to translate expansion into tangible shareholder value.”

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Source: AETOSWire

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Tecnotree, a global digital platform and services provider for AI-enabled 5G and cloud-native technologies, today announced its financial results for the first quarter of 2026, demonstrating stable revenue, strong profitability, and a robust order backlog despite geopolitical uncertainties across global markets.

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Tecnotree Reports Stable Revenue and Strong Profitability in Q1 2026 and Maintains Full-Year Guidance

Key Financial Highlights – Q1 2026

• Revenue of EUR 16.8 million (16.9), revenue in constant currency EUR 17.1 million, +1.0% YoY.
• EBIT of EUR 4.6 million (4.5), +1.8% YoY.
• EBIT margin of 27.4% (26.9%), +50 basis points YoY.
• Foreign exchange (FX) gains EUR 1.0 million (-1.4).
• Net income EUR 2.1 million (1.5), +36.5% YoY.
• Free cash flow (FCF) EUR 0.2 million (1.0).
• Earnings per share (EPS) EUR 0.1 (0.1).
• Order book at the end of the period EUR 105.4 million (70.3), +50.0% YoY.

The first quarter of 2026 reflects stable revenue supported by disciplined execution across key customer programs and a strong order backlog. The company remained profitable during the period, with free cash flow reflecting temporary collection delays in certain regions amid the current geopolitical environment.

Revenue for the quarter was EUR 16.8 million. The revenue mix reflects the execution phase of large-scale delivery programs, particularly across MEA and APAC markets, with delivery revenues representing a higher share. The operating environment during the quarter was characterized by increased uncertainty, which impacted customer investment timing and delayed certain decision cycles.

Operating performance remained strong, with EBIT of EUR 4.6 million and an EBIT margin of 27.4%, reflecting consistent operational discipline and platform scalability. Profitability in the quarter was also supported by favorable foreign exchange movements.

Cash flow in the quarter was impacted by challenges in collections in certain regions due to the prevailing environment, leading to a buildup of receivables and an increase in Days Sales Outstanding (DSO).

Tecnotree continued to enhance its platform capabilities during the quarter, advancing its AI-enabled value chain to enhance customer experience and unlock new revenue opportunities through embedded AI across its digital BSS stack. The company also maintained its focus on increasing efficiency across internal functions and customer operations, particularly through AI-driven operations, including reporting and process automation, as well as preventive and corrective maintenance capabilities.

Padma Ravichander, CEO of Tecnotree, said:

“Our performance in the first quarter reflects the strength of our execution and the resilience of our business model. We continue to see strong demand across our markets, supported by a robust order backlog and sustained customer engagement. Our focus on AI-led innovation and operational efficiency is enabling us to deliver consistent value to our customers while strengthening our long-term growth trajectory.”

During the quarter, Tecnotree received multiple industry recognitions, including awards at the Asia Telecom Awards 2025 for AI Initiative of the Year and Digital Initiative of the Year in the MVNE/MVNO category, as well as the CX Catalyst Award for Impact at The Fast Mode Awards 2025.

The order book remained strong at EUR 105.4 million, driven by new orders in Africa and Latin America, reflecting continued demand for Tecnotree’s products and solutions. Backed by a strong backlog, disciplined execution, and continued platform innovation, the company remains well positioned for sustained growth. Management confirms that the company’s financial performance remains on track, and full-year guidance is maintained across all key metrics.

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Boomi, the data activation company, today announced continued analyst recognition across multiple strategic technology categories, underscoring the company’s momentum as enterprises look for a unified foundation to connect data, applications, APIs, automation, and AI.

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Boomi Builds Analyst Momentum Across Integration, API Management, Data Management, and Agentic AI

Over the past several months, Boomi has been recognized across integration, API management, data management, and agentic AI-related categories. The company was named a Leader and positioned highest for Ability to Execute in the 2026 Gartner^® Magic Quadrant™ for Integration Platform as a Service, marking Boomi’s 12th consecutive year as a Leader. Boomi was also named a Leader in the IDC MarketScape: Worldwide API Management 2026 Vendor Assessment (doc #US52034025, March 2026) and was recognized as a Challenger in the 2026 Gartner Magic Quadrant for Master Data Management Solutions, marking Boomi’s first-ever placement in that evaluation.

In addition, Boomi was included in the 2026 Constellation ShortList™ for Cross-Platform Agentic AI, the 2026 Constellation ShortList™ for Data Integration and Transformation for Cloud-Based Analytical Data Platforms, and the 2026 Constellation ShortList™ for Integration Platform as a Service (IPaaS). Constellation’s latest ShortLists emphasize rising enterprise demand for platforms that can orchestrate workflows across data, APIs, applications, and AI, while maintaining governance, operational control, and real-time execution.

Boomi was also named a Leader in the Nucleus Research iPaaS Technology Value Matrix 2026, marking the company’s 7th consecutive year in the Leader quadrant. Nucleus noted that iPaaS platforms are increasingly evolving into the orchestration layer for agentic workflows, with buyers now expecting support for AI workloads alongside traditional integration requirements. Boomi was also recognized as Exemplary in the ISG Buyers Guide™ for AI Agents, where ISG highlighted Boomi’s strong performance in customer experience dimensions and above-median performance in AI agent product experience areas, including APIs and integration.

Together, these recognitions reflect a broader market shift. As organizations move from AI experimentation to AI execution, they increasingly need a platform that not only connects systems and data, but also governs how APIs, automations, and AI agents operate across the enterprise. Boomi believes this momentum validates its strategy to bring integration and automation, API management, data readiness, and agent management together in a single platform.

“Enterprises have demonstrated the value of AI as well as the need to coordinate AI and data programs more effectively,” said Matt Aslett, Director of Research, Data and Analytics at ISG. “As companies move from pilots to production, the market is shifting toward platforms that can unify data, integration, governance, and orchestration so AI can operate reliably inside real business environments.”

“As enterprises race to become AI-driven, the challenge is no longer access to models, it’s whether organizations can activate trusted data, govern interactions, and orchestrate execution across increasingly complex environments,” said Steve Lucas, Chairman and CEO at Boomi. “We believe this wave of analyst recognition reflects the strength of our platform and the momentum we’re seeing from customers who want one strategic foundation for integration, APIs, data, automation, and agentic AI.”

Boomi’s recent momentum comes as the company continues to expand the Boomi Enterprise Platform to support modern, AI-driven environments. Recent innovations highlighted in Boomi’s public announcements include advances in API federation and governance, broader MCP support, data integration and managed file transfer capabilities, Agentstudio adoption, and new data-context capabilities such as Meta Hub to help ground AI agents in trusted business meaning.

Additional Resources

• Explore the Boomi Enterprise Platform
• Follow Boomi on X, LinkedIn, Facebook, and YouTube

About Boomi

Boomi, the data activation company, brings data to life by integrating and governing it to power everything from AI to BI. The Boomi Enterprise Platform puts data in motion, uniting data readiness, integration and automation, and agent management in one comprehensive solution. Trusted by more than 30,000 customers and supported by a global network of 800+ partners, Boomi is driving agentic transformation — helping organizations of all sizes move faster, operate smarter, and innovate at scale. Discover more at boomi.com.

© 2026 Boomi, LP. Boomi, the ‘B’ logo, and Boomiverse are trademarks of Boomi, LP or its subsidiaries or affiliates. All rights reserved. Other names or marks may be the trademarks of their respective owners.

Gartner, Magic Quadrant for Integration Platform as a Service, By Andrew Humphreys, Keith Guttridge, Allan Wilkins, Shrey Pasricha, 16 March 2026.

Gartner and Magic Quadrant are trademarks of Gartner, Inc. and/or its affiliates.

Gartner^® Magic Quadrant™ for Master Data Management, Stephen Kennedy, Lyn Robison, Divya Radhakrishnan, Dr. Usen Uboh, April 6, 2026.

Gartner does not endorse any company, vendor, product or service depicted in its publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner publications consist of the opinions of Gartner’s business and technology insights organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this publication, including any warranties of merchantability or fitness for a particular purpose.

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CSC, an enterprise-class domain registrar and world leader in mitigating brand, fraud, domain, and domain name system (DNS) threats, today announced a new program to coincide with ICANN’s new Generic Top-Level Domain (gTLD) application window and to support enterprises submitting a .BRAND TLD application between April 30 and August 12, 2026.

Owning a .BRAND domain gives an organization exclusive control over its entire domain infrastructure, mitigating third-party lookalike domain registrations that lead to phishing and domain spoofing. This will be the first time ICANN has opened applications for new gTLDs, including .BRANDs, since the inaugural round in 2012. There is no known date for a third window opening.

As the largest provider of these domain services globally, CSC manages more than one-third (160+) of all .BRANDs, helping to secure many of the world’s most recognizable brands. Since the round one application window closed in 2012, CSC has provided continuous .BRAND registry management and operational support, ensuring uninterrupted service for existing holders. Custom .BRAND domain extensions align digital infrastructure with broader enterprise security strategies. These protections cascade automatically to every domain under the branded extension, complementing existing endpoint threat intelligence investments.

“The cyber threat landscape has escalated dramatically since the last .BRAND registration period in 2012, with AI now increasing the volume and complexity of various cyber risks ranging from automated phishing kits to domain generation algorithms,” says Gretchen Olive, vice president, Policy & Strategic Account Management, CSC Digital Brand Services. “Major global technology companies are already consolidating infrastructure services under .BRAND TLDs, citing enhanced security, privacy, and spoofing protection as primary drivers.”

During round one in 2012, CSC’s dedicated .BRAND team prepared, submitted, and supported more than 250 .BRAND applications with a 100% application evaluation success rate. ISO 27001 and SOC 2 certified, CSC offers global enterprises with complex compliance needs the ability to choose from multiple registry back-end partner systems hosted across multiple countries. This helps organizations meet industry- and country-specific requirements around security, data processing, and privacy.

"CSC supports us with the whole operational package around our three .BRANDS,” states Charlotte Falck, head of Group Trademarks and Brand Related IP. “The compliance that we have to undertake according to the ICANN program is extensive and also quite complicated if I may say so. So, we have outsourced everything to CSC, and I think it works very well.”

On top of the security benefits, .BRAND domains provide a competitive advantage for brand trust and AI-era discoverability. They eliminate the noise of third-party lookalike registrations and create an instantly recognizable, exclusively owned digital space. They also provide a structural credibility marker that signals authenticity, strengthens customer trust, and becomes a powerful source of authority for AI that traditional domains can’t match.

“AI is reshaping how buyers and stakeholders discover and evaluate brands,” says Ihab Shraim, CTO at CSC. “Success in 2026 and beyond hinges on how well an organization shows up for GEO and AEO, and a .BRAND provides a verified authority signal that both AI systems and human visitors can recognize—and trust—in real-time.”

What has changed between ICANN rounds is the strategic clarity. In 2012, many organizations applied for a .BRAND out of competitive pressure or fear of being left behind, often without a well-defined plan for how they would use it.

In this second round, AI-driven security threats and the growing role of AI in how consumers search and evaluate brands have transformed .BRAND TLDs into a practical enterprise asset. Organizations entering round two in 2026 have a clear rationale grounded in security, trust, and long-term digital strategy.

One lesson from round one: Many executives learned too late about .BRAND TLDs. CSC encourages organizations to bring this opportunity to the C-level early, so leaders can have time to assess its full strategic implications across security, brand, and digital infrastructure. Since a typical .BRAND application requires six to eight weeks of preparation, organizations need to take steps now to meet the August 12 deadline.

To prepare for ICANN’s open application window and evaluate whether a .BRAND TLD is right for your organization, schedule a free consultation with CSC’s team of specialists. For more information about CSC’s .BRAND advisory and domain security solutions and the application process, visit cscdbs.com/en/solutions/domain-portfolio-management/dot-brands/.

About CSC

CSC is the trusted security and threat intelligence provider of choice for the Forbes Global 2000 and the 100 Best Global Brands (Interbrand^®) with focus areas in domain security and management, along with digital brand and fraud protection. As global companies make significant investments in their security posture, our DomainSec℠ platform can help them understand cybersecurity oversights that exist and help them secure their online digital assets and brands. By leveraging CSC’s proprietary technology, companies can solidify their security posture to protect against cyber threat vectors targeting their online assets and brand reputation, helping them avoid devastating revenue loss. CSC also provides online brand protection—the combination of online brand monitoring and enforcement activities—with a multidimensional view of various threats outside the firewall targeting specific domains. Fraud protection services that combat phishing in the early stages of attack round out our solutions. Headquartered in Wilmington, Delaware, USA, since 1899, CSC has offices throughout the United States, Canada, Europe, and the Asia-Pacific region. CSC is a global company capable of doing business wherever our clients are—and we accomplish that by employing experts in every business we serve. Visit cscdbs.com.

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DC Administration Services, Inc. has today announced the composition of five regional Determinations Committees (DCs), effective from April 29, 2026.

The process for selecting DC members is specified in the DC rules. The DC rules, along with more information about the Determinations Committees and what they do can be found at the Determinations Committees website: https://www.cdsdeterminationscommittees.org/.

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The 19-year-old Senzu is one of the most closely watched young riflers in Mongolia’s CS2 scene. He previously played for The MongolZ and was named in HLTV’s Top 20 Players of 2025. Known for his consistent aim, entry impact and performance in key rounds, Senzu will bring additional firepower and roster flexibility to BC.GAME Esports.

Senzu’s arrival further strengthens BC.GAME Esports’ attacking setup. As a young rifler with experience at the highest level of competition, he is expected to provide stronger round-opening ability and more entry options, while adding further tactical possibilities to the existing roster. As the team continues to adjust and develop around its CS2 project, Senzu’s addition is expected to help improve its overall attacking rhythm and roster depth.

“Senzu has already shown that he can compete at a high level,” said a BC.GAME Esports spokesperson. “His arrival brings more firepower, depth and flexibility to the team. We look forward to helping him integrate quickly and contribute consistently.”

The addition of Senzu forms part of BC.GAME Esports’ continued development of its Counter-Strike 2 project. The team is investing in international experience, roster depth and long-term competitiveness, further strengthening its foundation in the global CS2 scene.

The official announcement is available via BC.GAME Esports’ official X channel:

https://x.com/BCGameEsports/status/2048791199054475678

About BC.GAME Esports

BC.GAME Esports is the esports brand of BC.GAME, focused on professional roster development, international competition and global esports community engagement. Through its Counter-Strike 2 project, BC.GAME Esports continues to invest in roster development and long-term participation in the global esports ecosystem.

About BC.GAME

Founded in 2017, BC.GAME is a global online entertainment brand with a growing presence across gaming, sports and esports. Through product development, strategic partnerships and long-term fan engagement, the platform continues to expand its global community.

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SOURCE BC.GAME

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1Q 2026 Financial Highlights

(all figures excluding special items)

• Revenue NOK 13.4 billion
• EBITDA NOK 1.2 billion 
• EBITDA margin 8.6 percent 
• Earnings per share NOK 1.31 
• Order intake NOK 28.8 billion (2.2 times book-to-bill) 
• Order backlog NOK 80.2 billion 

“In the first quarter, we delivered solid financials and a strong order intake, while our major projects continue to progress according to plan. This performance reflects the skills, commitment and dedication of our people,” said Kjetel Digre, Chief Executive Officer of Aker Solutions. 

“Beyond securing long-term frame agreements with key clients, I am encouraged by the steps we are taking to position our company in emerging markets such as small modular reactors,” said Digre.

Key developments

Revenue in the first quarter was NOK 13.4 billion compared to NOK 14.4 billion in the first quarter of 2025. Underlying EBITDA was NOK 1.2 billion and the EBITDA margin for the quarter was 8.6 percent, or 7.6 percent excluding net income from SLB OneSubsea.

Order intake for the quarter ended at NOK 28.8 billion, or 2.2-times book-to-bill. This mainly relates to long-term frame agreements in Life Cycle for maintenance and modification services in Norway for Equinor and Aker BP. The secured backlog, excluding options, increased to NOK 80.2 billion at the end of the quarter.

Aker Solutions’ financial position remains solid with a net cash position that grew to NOK 8.7 billion, including investments in liquid funds, at the end of the first quarter. During the quarter, Aker Solutions sold its shares in SLB for NOK 2.5 billion. The SLB shares were received in October 2023 as part of the subsea transaction. 

Outlook and financial guiding

Aker Solutions has a solid backlog, increasing tender pipeline and high activity within early-phase consulting and engineering studies, positioning the company for future opportunities.

Based on the secured backlog and market activity, full-year revenue in 2026 is expected to be around NOK 50 billion. The underlying EBITDA margin, excluding net income from SLB OneSubsea, is expected to be in the range of 7.0 to 7.5 percent for the full year of 2026.

The company has an attractive capital allocation strategy. On April 16, 2026, the Annual General Meeting approved an ordinary dividend for the fiscal year of 2025 of NOK 3.60 per share. In addition, an extraordinary dividend related to the sales of SLB shares of NOK 5.00 per share was also approved. Both ordinary and extraordinary dividends were paid out to shareholders on April 27, 2026.

CONTACT:

Preben Ørbeck

investor relations

preben.orbeck@akersolutions.com

+47 470 10 611

Hallvard Norum

media contact

hallvard.norum@akersolutions.com

+47 913 80 820

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Professor Gang Shen, the lead author of the paper, serves as the Chief Scientist of GS Technology (Mandibular Advancement Repositioning Technology) at Smartee Denti-Technology.

Redefining Diagnosis for Complex Malocclusions

For over a century, the Angle classification system has focused primarily on molar relationships. Professor Shen’s research expands this scope by integrating facial appearance, mandibular position and morphology, depth of curve of Spee, and temporomandibular joint (TMJ) health into a comprehensive diagnostic system.

In the article, Professor Shen’s team investigates the etiopathogenic mechanisms underlying distinct facial convexity subtypes and proposes evidence-informed, and subtype-specific treatment strategies. The research focuses on the clinical indications, biomechanical principles, and standardized operational protocols of mandibular advancement technology.

The paper explicitly states that leveling the occlusal curve is a critical prerequisite for achieving the desired mandibular repositioning effect. Furthermore, the paper emphasizes that the necessity of tooth extraction should be scientifically evaluated based on refined diagnostic classification, providing clinicians with a robust, evidence-based framework for clinical decision-making.

A New Perspective: Mandibular Morphology Analysis and Risk Assessment

A significant innovation presented in the study is “Mandibular Morphology Analysis,” a diagnostic perspective with substantial clinical implications. By systematically evaluating the overall contour of the mandibular body and the degree of symphyseal concavity through lateral cephalograms, the research identifies two primary mandibular morphologies:

• Flat-Rectangular Mandible: Frequently observed in dentoalveolar facial convexity or cases involving mandibular retrusion. These patients typically present a “three-depth” bite pattern (deep overbite, deep overjet, and deep curve of Spee) and are considered ideal candidates for mandibular advancement therapy.

• Thick-Triangular Mandible: Common in skeletal facial convexity. This morphology is often associated with higher susceptibility of the temporomandibular joint (TMJ), where condylar resorption and mandibular retrusion are more frequently observed.

Theoretical Foundation for GS Technology and S8-SGTB

The classification system serves as the foundation and rationale for Mandibular Advancement Repositioning Technology (MART). As the digital implementation of this clinical wisdom, Smartee’s GS product line provides standardized solutions for complex jaw discrepancies. The S8-SGTB, a specialized appliance within the GS product line mentioned in the research, is designed specifically for treating facial convexity with “three-depth” bite pattern.

Radiographic follow-up data in the study indicate that MART, when implemented via systems such as the S8-SGTB, can facilitate adaptive TMJ remodeling. This provides a viable, non-surgical alternative for achieving sustainable mandibular repositioning even in adult patients.

“This classification system bridges the gap between initial diagnosis, treatment planning, and long-term clinical outcomes,” said Professor Gang Shen. “By identifying specific mandibular morphologies, practitioners can make more informed decisions between conventional extraction therapies and mandibular advancement repositioning.”

About Smartee Denti-Technology

Founded in 2004, Smartee is the leading provider of clear aligners and digital orthodontic solutions in China. Headquartered in Shanghai, Smartee has four research & development centers and four manufacturing bases in China and Spain. By serving over 99,000 doctors in over 57 countries, Smartee has launched over 10 aligner products catering to different malocclusion problems for children, adolescents and adults. 

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EBENE, Mauritius, April 30, 2026 (GLOBE NEWSWIRE) — PU Prime, a global multi-licensed online brokerage, announced the launch of the PU Community, an all-in-one ecosystem designed to transform retail trading from a solitary, high-risk activity into a collaborative and guided professional journey. To celebrate the rollout, PU Prime is hosting a series of engagement initiatives throughout May and June, offering early-bird participants opportunities to earn exclusive rewards, branded merchandise, and trading vouchers as they begin their journey within the ecosystem.

In an era of information overload, most retail traders face a significant gap: not in access to data, but in the lack of structure, judgment, and guidance. The company’s research indicates that a vast majority of retail traders struggle due to inconsistent mentorship and the absence of practical learning environments. The PU Community is built specifically to address these pain points by offering a transparent ecosystem that prioritizes risk management and disciplined growth over market hype.

“The most common challenge I see for traders today isn’t a lack of information, it’s the absence of a clear, actionable path through the noise,” said Ahmed Yousre, Global Market Strategist at PU Prime. “With the launch of PU Community, we are moving beyond static education into a space of active, guided mentorship. I’m excited to be personally involved in this initiative, where I can engage directly with members and help bridge the gap between theoretical knowledge and disciplined market execution!”

Commenting on the launch, Daniel Bruce, Managing Director, said, “PU Community is where trading meets human connection. We are moving beyond the traditional brokerage model of simply acquiring customers to actively develop them.” By combining human expertise with AI-driven efficiency, we aim to help users transition from reactive learners to confident, disciplined market participants, he added.

Some key highlights of the community: 

• Dedicated Guided Courses: Through a series of 17 Progressive lessons, traders transition from passive spectators to active participants, equipped with their own judgment to navigate volatile markets. 
• Direct Expert Access: Users gain seamless, real-time interaction with professionally certified analysts (CFA, CISI, and SCA level), allowing for direct feedback on trade ideas and market analysis.
• AI-Assisted Intelligence: The ecosystem utilizes AI to provide summaries of top news for high-interest assets, ensuring traders stay informed without being overwhelmed.
• Interactive Gamification: A dynamic leaderboard system allows users to progress from “New Trader” to “Market Legend,” earning recognition and rewards based on their contributions to the community.

Looking ahead, the launch of the PU Community represents a fundamental shift in the brokerage landscape. By recognizing that market success is hindered not by a lack of information, but by an overwhelming volume of data without the structure to filter it, PU Prime is pivoting from a traditional acquisition led model to one focused on long-term client development.

About PU Prime
Founded in 2015, PU Prime is a leading global fintech company and trusted CFD broker. Today, it offers regulated financial products across forex, commodities, indices, shares, and bonds. Operating in over 190 countries with more than 40 million app downloads, PU Prime provides innovative trading platforms and an integrated copy trading feature, empowering traders worldwide to achieve financial success with confidence.

For media enquiries, users can contact: media@puprime.com

Contact

Sim
PU Prime
kahlock.sim@puprime.com

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• Revenue of €16.8 million (€7.9 million in 2024)
• Net loss significantly reduced to €2.4 million (€22.4 million in 2024)
• NCX 470 U.S. New Drug Application (NDA) submission on track for summer 2026, with associated milestone payment
• Regulatory milestones anticipated to extend cash runway beyond 2027

April 30, 2026 – release at 7:30 am CET
Sophia Antipolis, France

Nicox SA (Euronext Growth Paris: FR0013018124, ALCOX), an international ophthalmology company, today announced its financial results for the full year of 2025, as approved by the Board of Directors on 29 April 2026, and provided an update on key future milestones.

“2025 marked a pivotal turning point for Nicox,” said Gavin Spencer, Chief Executive Officer of Nicox. “We have significantly strengthened our financial position, reduced our net loss and eliminated secured debt, removing a number of long-term obligations on the Company. Our priorities are clear for 2026: supporting the submissions of the NCX 470 New Drug Applications in the U.S. and China along with our partners, which are expected to facilitate a new future long-term revenue stream for the company, and on exploring strategic opportunities to maximise our value.”

Key Future Milestones

• NCX 470 NDA submission in the United States: expected summer 2026.
• NCX 470 NDA submission in China: expected shortly after submission in the U.S.
• NCX 470 Phase 3 clinical program in Japan: initiated summer 2025.  

Full Year 2025 Financial Results for Nicox SA

The Financial Statements for 2025 are provided in the appendix to this Press Release.

Revenue for the full year of 2025 was €16.8 million versus €7.9 million for the full year 2024, principally consisting of milestone payments from Kowa related to the NCX 470 license agreements outside China and Southeast Asia. The revenue for 2025 also includes €1.2 million of intercompany billings compared to €0.2 million for 2024.

Revenue in 2024 included €3.0 million of VYZULTA royalties, recognized up to 30 June 2024 prior to their sale to Soleus Capital; a €3.0 million upfront payment from Kowa for the Japanese rights to NCX 470 and a non-cash amount of €1.5 million previously recognized as deferred income.

Operating expenses for the full year 2025 were €14.3 million compared to €18.7 million for the full year 2024, reflecting the completion of the second pivotal Phase 3 trial (Denali) for NCX 470, with initial results released in August 2025.

No exceptional income was recognized in 2025 compared to €13.7 million recorded in 2024 following the sale of the future milestones and royalty of VYZULTA to Soleus Capital.

Nicox recorded a net loss of €2.4 million in 2025, compared to a net loss of €22.4 million in 2024, reflecting a significant improvement driven by higher revenues, primarily from milestone payments, and lower operating expenses following the completion of the Phase 3 Denali trial for NCX 470.

As of 31 December 2025, Nicox had cash and cash equivalents of €4.1 million compared to €10.5 million as of 31 December 2024. Including the regulatory milestone payments expected for NCX 470 and assuming a standard 12-month review period after the NDA filing, the Company estimates it is funded beyond 2027. The Company remains committed to cost control and optimizing resource allocation to support our strategic objectives. If any of the assumptions around estimated income or costs change, this may impact the cash runway.

The Company is pursuing business development discussions and continuing to evaluate a number of strategic growth opportunities, including collaborations or business combinations. 

Potential proceeds from existing warrants are not included in the above cash runway calculation. Details of the warrants from the June 2024 financing are given in our Q&A section of www.nicox.com. 

Post-reporting period events

The remaining €1.0 million from the financing announced in our Press Release of January 5, 2026, has just been released. As previously anticipated, the Company has decided, with the holders’ agreement, to convert the ordinary bonds established in January 2026 into convertible bonds (OCs) of the same nature and with the same characteristics as the OCs issued in January 2026, and to which they have been assimilated¹. The ordinary bonds were converted into OCs pursuant to the decision of the Board of Directors taken at its meeting of 29 April 2026.

Nicox, headquartered in Sophia Antipolis, France, is listed on Euronext Growth Paris (Ticker symbol: ALCOX).

For more information www.nicox.com

Income Statement

Balance sheet

1 For illustrative purposes, if all the convertible bonds announced today were converted based on the Nicox share price at the close market on April 29, 2026 and of outstanding shares as of April 29, 2026, a shareholder holding 1.00% of Nicox’s share capital prior to the transaction would see their holding reduced to 0.97% of the share capital on a non-diluted basis and to 0.74% on a fully diluted basis (taking into account existing dilutive instruments).

Attachment

• EN_FY2025_PR_FINAL

Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. USA Newshour takes no editorial responsibility for the same.

Managing the near-term; Strengthening long-term fundamentals

Paris, Thursday, April 30, 2026. Technip Energies (the “Company”), a global technology & engineering powerhouse leading in energy and decarbonization infrastructure, today announces its unaudited financial results for the first quarter of 2026.

Arnaud Pieton, Chief Executive Officer of Technip Energies, commented:

“Our first quarter performance demonstrates our resilience in the face of significant operational disruptions stemming from the Middle East conflict. Despite these challenges, and thanks to the adaptability and determination of our teams, Technip Energies (T.EN) delivered solid revenues and EBITDA, and generated strong free cash flows.”

“We achieved considerable commercial success in the first quarter with more than €6 billion of awards that surpassed our total order intake for the whole of 2025. These wins reinforce our leadership in LNG and Sustainable Aviation Fuels, while materially strengthening our backlog to a new high of more than €20 billion. This provides Technip Energies with excellent visibility for the coming years and reinforces our medium-term growth outlook.”

“We stand in solidarity with all those affected by the conflict in the Middle East. From the outset, we implemented a comprehensive crisis management framework to safeguard our global workforce and protect our contractual positions. Some of our worksites experienced temporary stoppages, followed by phased resumptions under enhanced safety protocols, working at all times in coordination with authorities and customers. Currently, our sites are nearing full mobilization.”

“While the situation in the Middle East remains fluid, we see two main channels of impact on our business. First, project execution, where progress has been affected by site disruptions and logistical challenges, deferring revenue into later periods. Second, incremental costs are being incurred for safety and business continuity. While we expect cost recovery through strong contractual protections, the exact timing and extent is dependent upon the evolution of the conflict and the outcome of commercial discussions. For these reasons, and assuming the situation in the Middle East normalizes by the end of the second quarter, we estimate that around €500-600 million in revenue will be deferred beyond 2026, while the impact on project margins should be substantially mitigated.”

“A global supply shock of this scale underscores the need for higher investment. National sovereignty agendas call for development of additional capacity and greater diversification – both geographically and across energy sources. It also demonstrates the importance of circularity in addressing local supply certainty. In this environment, Technip Energies has a critical role to play in advancing energy security and decarbonization. Supported by the continued execution of our strategy, our financial strength, and our global presence, Technip Energies is exceptionally well positioned to navigate the current uncertainty and to thrive in the years ahead.”

Key financials – adjusted IFRS

Key financials – IFRS

New conditional 2026 segment guidance – adjusted IFRS

Conference call information

Technip Energies will host its Q1 2026 results conference call and webcast on Thursday, April 30, 2026 at 13:00 CET. Dial-in details:

France:                         +33 1 70 91 87 04

United Kingdom:         +44 121 281 8004

United States:                 +1 718 7058796

Conference Code:         880901

The event will be webcast simultaneously and can be accessed at: T.EN Q1 2026 Results Webcast

Contacts

Investor Relations

Phillip Lindsay

Vice President, Investor Relations

Tel: +44 20 7585 5051

Email: investor.relations@ten.com

Media Relations

Jason Hyonne

Manager, Press Relations & Social Media

Tel: +33 1 47 78 22 89

Email: media_@ten.com

Operational and financial review

Order intake, backlog and backlog scheduling

Adjusted order intake for Q1 2026 amounted to €6,049 million, equivalent to a book-to-bill of 3.4.

Adjusted order intake announced during the first quarter of 2026 included a major¹ contract for the North Field West project by QatarEnergy, a substantial² contract for SkyNRG’s Sustainable Aviation Fuel project in the Netherlands, a significant contract to progress Coral Norte Floating LNG project in Mozambique, a substantial² authorization to advance Commonwealth LNG in the US, as well as other studies, services contracts and smaller projects.

¹ A “major” award for Technip Energies is a contract award representing above €1 billion of revenue.
² A “substantial” award for Technip Energies is a contract award representing between €500 million and €1 billion of revenue.

Adjusted backlog increased by 27% to €20.2 billion compared to December 31, 2025, equivalent to 2.8x FY 2025 adjusted revenue.

The table below provides estimated backlog scheduling as of March 31, 2026.

Company financial performance

Adjusted statement of income

Business highlights

Project Delivery – adjusted IFRS

Q1 2026 Adjusted revenue decreased by 4% year-over-year to €1,341.1 million. The planned activity growth on LNG and decarbonization projects in the United States and Europe, was more than offset by foreign exchange evolution, particularly the strengthening of the Euro versus the US dollar, and the conflict in the Middle East where logistical challenges and site disruptions impacted progress.

Q1 2026 Adjusted recurring EBITDA decreased by 18% year-over-year to €93.8 million and Q1 2026 Adjusted recurring EBIT decreased by 24% year-over-year to €76.6 million.

Q1 2026 Adjusted recurring EBITDA margin decreased year-over-year by 110 bps to 7.0% and Adjusted recurring EBIT margin decreased year-over-year by 150 bps to 5.7%. The lower year-over-year margins principally reflect incremental costs incurred for safety and business continuity. While cost recovery is expected through strong contractual protections, the exact timing and extent is dependent upon the evolution of the conflict and the outcome of commercial discussions. Outside of the Middle East, the portfolio performance is as per plan.

Q1 2026 Key operational milestones

QatarEnergy North Field Expansion (Qatar)

• Utilities are in service and hydrocarbons introduced in the first process train.

QatarEnergy North Field South (Qatar)

• Start of piping erection on pipe racks as well as electrical cable pulling activities.

Marsa LNG (Oman)

• 2 million workhours without a loss time incident (LTI) at site.

Ruwais LNG (UAE)

• 10 million workhours without a loss time incident (LTI) at site.

Commonwealth LNG (US)

• Successful mobilization of the project site in March.

Coral Norte (Mozambique)

• Successful launch of FLNG hull.

Assiut Hydrocracking Complex (Egypt)

• Overall project progress: >85%.

bp Net Zero Teesside Power Project (UK)

• Piling activities and foundations cast, marking the start of the ramp up of the manpower on site.

Q1 2026 Key commercial and strategic highlights

Technip Energies awarded a major LNG contract for the North Field West project by QatarEnergy

• Technip Energies, as leader of a joint venture (T.ENCCCGAC JV) with Consolidated Contractors Company (CCC) and Gulf Asia Contracting (GAC), has been awarded a major¹ Engineering, Procurement, Construction and Commissioning (EPCC) contract by QatarEnergy for the onshore LNG facilities of the North Field West (NFW) project. This award covers the delivery of 2 mega trains, each with a capacity of 8 MTPA of liquefied natural gas, as a replication of the 2 trains under construction by Technip Energies and CCC for the North Field South (NFS) project. Similar to North Field East (NFE) and North Field South (NFS), NFW will capture and sequestrate an additional 1.1 MTPA of CO₂ to bring the total to 2.2 MTPA from NFS and NFW combined. This expansion project will produce approximately 16 MTPA of LNG, and together with NFE and NFS projects, will increase Qatar’s total LNG export capacity from 77 MTPA to 142 MTPA. Qatar is a country of strategic importance to Technip Energies, having maintained a strong local presence since 1986.

¹ A “major” award for Technip Energies is a contract award representing above €1 billion of revenue.

Technip Energies awarded a substantial authorization to advance Commonwealth LNG project ahead of Final Investment Decision

• Technip Energies has received a substantial¹ authorization from Commonwealth LNG, a Caturus company, to continue advancing its 9.5 Mtpa liquefied natural gas (LNG) export facility in Cameron Parish, Louisiana, USA, marking an important step forward in the project’s progress and path toward Final Investment Decision (FID)². Issued under the engineering, procurement, and construction (EPC) contract previously signed with Commonwealth LNG, this award enables Technip Energies to sustain critical activities and maintain strong project momentum ahead of FID, building on the previously announced large authorization covering key long-lead equipment purchase orders. The project includes the delivery of six identical liquefaction trains, utilizing Technip Energies’ SnapLNG by T.EN™ modular and scalable solution.

¹ A “substantial” award for Technip Energies is a contract award representing between €500 million and €1 billion of revenue.
² The full contract value is expected to be booked in Technip Energies’ backlog upon Final Investment Decision (FID).

Technip Energies awarded a substantial contract for SkyNRG’s Sustainable Aviation Fuel project in the Netherlands

• Technip Energies has been awarded a substantial¹ contract by SkyNRG for the DSL-01 project, a new Sustainable Aviation Fuel (SAF) production facility to be developed in Delfzijl, the Netherlands. The award covers Engineering, Procurement, Construction and Commissioning (EPCC) for Europe’s first standalone greenfield SAF production facility. It follows the successful completion of the Front-End Engineering & Design (FEED) phase by Technip Energies and marks a significant step in the long-standing collaboration with SkyNRG. The DSL-01 project is designed to produce 100,000 tons per annum of SAF using the Hydroprocessed Esters and Fatty Acids (HEFA) pathway, processing sustainable waste feedstocks such as used cooking oil. The project integrates an advanced feedstock pre-treatment unit and an on-site hydrogen plant based on Technip Energies’ proprietary Steam Methane Reforming (SMR) technology. This configuration is intended to improve cost efficiency and minimize lifecycle emissions, thereby enabling large-scale competitive production of SAF. This contract represents Technip Energies’ sixth HEFA-based SAF project in Europe, reinforcing its position as a key enabler for sustainable aviation fuel capacities in the region.

¹ A “substantial” award for Technip Energies is a contract award representing between €500 million and €1 billion of revenue. This award was recorded in Q1 2026 in the Project Delivery and Technology, Products & Services segments.

Technip Energies awarded a significant contract for the Coral Norte floating LNG project in Mozambique

• Technip Energies, in partnership with JGC and Samsung Heavy Industries, has been awarded a significant contract by Mozambique Rovuma Venture (MRV), an Eni participated joint venture, to progress the work on the Coral Norte Floating Liquefied Natural Gas (FLNG) project, located offshore Mozambique. This landmark project marks the deployment of the country’s second floating LNG facility. This significant contract accumulates with the one previously announced for early works and confirms the continued advancement of Technip Energies’ scope of work on the Coral Norte FLNG project. Through early works and the adoption of the replica concept, the project is progressing fast and the hull launch took place on January 16, 2026, in Geoje, South Korea. Coral Norte is designed as an enhanced replica of the successful Coral Sul project, drawing on the same feed gas composition and field location. By capitalizing on this proven design and incorporating lessons learned, Coral Norte will benefit from de-risked project execution, increased efficiency, LNG capacity, and optimized performance – delivering greater certainty and predictability at scale.

Technology, Products & Services (TPS) – adjusted IFRS

Q1 2026 Adjusted revenue decreased year-over-year by 2% to €440.9 million, resulting from adverse foreign exchange and a reduced contribution from technology licensing and proprietary equipment in energy derivatives projects, largely offset by high activity in the assembly of carbon capture proprietary products, a first revenue contribution from AM&C, and strong volumes in consultancy, engineering services and studies.

Q1 2026 Adjusted recurring EBITDA increased year-over-year by 4% to €67.6 million and Adjusted recurring EBIT decreased year-over-year by 4% to €46.0 million.

Q1 2026 Adjusted recurring EBITDA margin increased by 80 bps to 15.3% and Adjusted recurring EBIT margin decreased by 20 bps to 10.4%. Year-over-year margin expansion was achieved despite the slight contraction in revenues, benefiting from delivery milestones on proprietary products, strong Project Management Consultancy (PMC) volumes, and the inclusion of AM&C.

Q1 2026 Key operational milestones

Waste-to-methanol Ecoplanta project (Portugal)

• 45% of 3D model review complete.

GALP Green Hydrogen Unit (Portugal)

• Electrolyzers installed.

GALP HVO Unit (Portugal)

• 1.5 million workhours done at Sines Site.

Numaligarh refinery expansion (India)

• Successful multimodal transportation and erection of all 16 units of over-dimensional equipment.

Q1 2026 Key commercial and strategic highlights

Technip Energies awarded two FEED contracts by SOGARA for refinery complex in Gabon

• Technip Energies has been awarded two Front-End Engineering Design (FEED) contracts by Société Gabonaise de Raffinage (SOGARA) for its refinery in Port-Gentil, Gabon. The FEED scope covers both the revamp and the expansion of the existing refinery. The first contract covers the FEED for debottlenecking SOGARA’s existing refinery. It targets key process units and includes a new kerosene sweetening unit and four new storage facilities. Technip Energies will ensure full process integration across existing and new units. The second contract covers the FEED for a new, modularized Hydrocracker Complex designed to significantly expand SOGARA’s refining capacity. The scope also includes a new marine jetty and offloading facility. Technip Energies will leverage its engineering excellence and technology integration know-how, including its proprietary Steam Methane Reforming (SMR) technology for hydrogen production. Both projects are designed to meet Africa 5 fuel quality standards – the continent’s most stringent specifications for sulfur content in transportation fuels – supporting a meaningful reduction in sulfur emissions and improved air quality for local communities. They will also support Gabon’s economic development and local employment.

Technip Energies invests in Verso Energy’s DEZiR project, a synthetic aviation fuel (“eSAF”) plant in Rouen

• Technip Energies has signed an agreement with Verso Energy to acquire a minority stake in the DEZiR project, a synthetic aviation fuel (eSAF) plant located in Rouen, France. This investment demonstrates Technip Energies’ support for this major industrial project, which has also received funding from France 2030 and the European Innovation Fund. Technip Energies will contribute to the DEZiR project by supplying its Canopy by T.EN™ carbon capture solution, based on the Shell CANSOLV CO₂ capture system , to capture biogenic CO₂ from neighboring industries and enable its use in eSAF production. Rely, Technip Energies’ joint venture with John Cockerill dedicated to Power-to-X solutions, is also providing the front-end engineering design (FEED) for the project. Verso Energy and Rely share a common ambition for standardization and replicability, with the goal of making DEZiR a model for the future deployment of eSAF plants in France and internationally. Verso Energy and Rely signed the first FEED contract in November 2025 for an eSAF plant project in Rouen. Upon commissioning around 2030, this plant will produce 80,000 tonnes per year of decarbonized aviation fuel, enabling France to strengthen its energy sovereignty while contributing to the achievement of French and European climate objectives.

Technip Energies awarded contract to supply proprietary reformer technology in Africa

• Technip Energies has been awarded a contract to supply its proprietary reformer technology and provide detailed engineering and procurement services for the reformer of a hydrogen plant. Following its earlier selection as licensor for the complete hydrogen plant, Technip Energies will now carry out detailed engineering and supply of the reformer, based on its proprietary top-fired Steam Methane Reforming (SMR) technology. The reformer will be equipped with Technip Energies’ LSV^® Ultra Low NOx burners, a proven combustion technology designed to reduce NOx emissions while ensuring stable and efficient operation.

Q1 2026 Other key highlights

Reju Secures €135 Million in Dutch NIKI Funding for Industrial-Scale Textile-to-Textile Regeneration Hub at Chemelot Industrial Park, the Netherlands

• Reju™, the progressive textile-to-textile regeneration company, has been awarded €135 million in funding under the Netherlands’ Nationale Investeringsregeling Klimaatprojecten Industrie (NIKI) program. The funding will support Reju’s planned industrial-scale Regeneration Hub at Chemelot Industrial Park in Sittard-Geleen, covering both the investment phase and ongoing operations, and represents a critical milestone on the path toward final investment decision. NIKI is the Dutch government’s flagship program to accelerate large-scale industrial decarbonization and circularity, supporting both national and European Union circular economy objectives. Reju’s project is closely aligned with these goals, expanding a textile to-textile process that converts difficult-to-recycle, polyester-containing textiles into high quality circular intermediates for new polyester production. By diverting residual textile fractions from landfill and incineration, Reju, aims to materially reduce the environmental impact of textile waste.

Technip Energies announces the appointment of Jesse Stanley as President, Technologies & Products, and the new composition of its Executive Committee

• Technip Energies announced the appointment of Jesse Stanley, who was previously President, Operations Americas at Wood plc since 2024, as President, Technologies & Products (T&P) Business Unit and member of the Executive Committee as of March 16, 2026, as well as the new composition of its Executive Committee. In this role, she will lead the Company’s technologies and products offering, accelerating innovation, strengthening its differentiated technology portfolio, and delivering on Technip Energies’ strategic ambition for T&P’s business growth. A graduate of the University of Cambridge and Stanford Graduate School of Business, Jesse Stanley began her career in consulting with Accenture in Germany from 2005 to 2007. She then joined Shell plc in 2007, where she held various positions across logistics, global sales and marketing in Europe and Asia until 2016. From 2017 to 2019, she served as Senior Strategy Advisor in Group Corporate Strategy at Shell in the Netherlands. She then moved to the USA and was subsequently appointed General Manager, Unconventionals Commercial from 2019 to 2020, Vice President Pipeline Operations from 2020 to 2021 and Chief Operating Officer for Shell Energy Trading Americas from 2021 to 2024.

Technip Energies announces that John O’Higgins and Luc Rémont are to be nominated for appointment to its Board of Directors

• Technip Energies announced that Mr. Joseph Rinaldi, current Chair of the Board of Directors (the “Board”), has informed the Board of his intention to retire at the end of his current term immediately following the 2026 Annual General Meeting (“2026 AGM”) and will not seek reappointment at the 2026 AGM. The Board has decided to nominate Mr. John O’Higgins for appointment to the Board at the 2026 AGM and to designate Mr. O’Higgins to succeed Mr. Rinaldi as Chair of the Board, assuming his appointment as Non-Executive Director by shareholders at the 2026 AGM. The Board has also decided to nominate Mr. Luc Rémont for appointment to the Board to replace Mr. Francesco Venturini who has also announced that he will not seek reappointment to the Board this year. Both Mr. O’Higgins and Mr. Rémont have also been appointed Board Observers until the 2026 AGM, allowing them to attend meetings of the Board prior to the 2026 AGM in order to support an orderly and effective transition to their Non-Executive Director roles.

Corporate and other items – adjusted IFRS

Corporate costs, excluding non-recurring items, were €12.7 million for the first quarter of 2026 and consistent with the Company’s guidance range of €50 – 60 million.

Non-recurring expense amounted to €14.8 million. This includes costs incurred relating to investment in adjacent business models, particularly for Reju, as well as other strategic initiatives, and restructuring costs.

Net financial income of €21.3 million benefited from interest income generated from cash and cash equivalents, partially offset by the cost of debt, lease expenses and pension costs. The lower trend relative to first quarter 2025 reflects the gradual reduction in global interest rates.

Effective tax rate was 28.3% for Q1 2026, consistent with the 2026 guidance range of 26%-30%.

Depreciation and amortization expense was €38.8 million, of which €20.0 million is related to IFRS 16.

Gross cash at March 31, 2026 was €4.2 billion, which compares to €3.8 billion at December 31, 2025. Gross debt was €0.9 billion at March 31, 2026, and has reduced relative to the position at December 31, 2025 as the Company retired commercial paper towards a more normalized level following the transaction of AM&C in the fourth quarter of 2025.

Free cash flow was €405.0 million for the first quarter 2026. Free cash flow, excluding the working capital and provisions variance of €272.9 million, was €132.1 million, benefiting from strong operational performance and consistently high conversion from recurring EBITDA of 89% (conversion from recurring EBIT was 120%). Free cash flow is stated after net capital expenditures of €4.3 million. Operating cash flow was €409.3 million.

Liquidity – adjusted IFRS

Liquidity of €4.9 billion at March 31, 2026 comprised of €4.2 billion of cash and €750 million of liquidity provided by the Company’s undrawn Revolving Credit Facility (RCF).

Forward-looking statements

This press release contains forward-looking statements that reflect Technip Energies’ (the “Company”) intentions, beliefs or current expectations and projections about the Company’s future results of operations, anticipated revenues, earnings, cashflows, financial condition, liquidity, performance, prospects, anticipated growth, strategies and opportunities and the markets in which the Company operates. Forward-looking statements are often identified by the words “believe”, “expect”, “anticipate”, “plan”, “intend”, “foresee”, “should”, “would”, “could”, “may”, “estimate”, “outlook”, and similar expressions, including the negative thereof. The absence of these words, however, does not mean that the statements are not forward-looking. These forward-looking statements are based on the Company’s current expectations, beliefs and assumptions concerning future developments and business conditions and their potential effect on the Company. While the Company believes that these forward-looking statements are reasonable as and when made, there can be no assurance that future developments affecting the Company will be those that the Company anticipates.

All of the Company’s forward-looking statements involve risks and uncertainties, some of which are significant or beyond the Company’s control, and assumptions that could cause actual results to differ materially from the Company’s historical experience and the Company’s present expectations or projections. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those set forth in the forward-looking statements.

For information regarding known material factors that could cause actual results to differ from projected results, please see the Company’s risk factors set forth in the Company’s 2025 Annual Financial Report filed on March 10, 2026, with the Dutch Autoriteit Financiële Markten (AFM) and the French Autorité des Marchés Financiers (AMF), which includes a discussion of factors that could affect the Company’s future performance and the markets in which the Company operates.

Forward-looking statements involve inherent risks and uncertainties and speak only as of the date they are made. The Company undertakes no duty to and will not necessarily update any of the forward-looking statements in light of new information or future events, except to the extent required by applicable law.

APPENDIX

APPENDIX 1.0: ADJUSTED STATEMENT OF INCOME – FIRST QUARTER 2026

APPENDIX 1.2: STATEMENT OF INCOME – RECONCILIATION BETWEEN IFRS AND ADJUSTED – FIRST QUARTER 2026

APPENDIX 1.3: STATEMENT OF INCOME – RECONCILIATION BETWEEN IFRS AND ADJUSTED – FIRST QUARTER 2025

APPENDIX 2.0: ADJUSTED STATEMENT OF FINANCIAL POSITION

APPENDIX 2.1: STATEMENT OF FINANCIAL POSITION – RECONCILIATION BETWEEN IFRS AND ADJUSTED – FIRST QUARTER 2026

APPENDIX 2.2: STATEMENT OF FINANCIAL POSITION – RECONCILIATION BETWEEN IFRS AND ADJUSTED – FIRST QUARTER 2025

APPENDIX 3.0: ADJUSTED STATEMENT OF CASH FLOWS

APPENDIX 3.1: STATEMENT OF CASH FLOWS – RECONCILIATION BETWEEN IFRS AND ADJUSTED – FIRST QUARTER 2026

APPENDIX 3.2: STATEMENT OF CASH FLOWS – RECONCILIATION BETWEEN IFRS AND ADJUSTED – FIRST QUARTER 2025

APPENDIX 4.0: ADJUSTED ALTERNATIVE PERFORMANCE MEASURES – FIRST QUARTER 2026

APPENDIX 5.0: ADJUSTED RECURRING EBIT AND EBITDA RECONCILIATION – FIRST QUARTER 2026

APPENDIX 6.0: BACKLOG – RECONCILIATION BETWEEN IFRS AND ADJUSTED

APPENDIX 7.0: ORDER INTAKE – RECONCILIATION BETWEEN IFRS AND ADJUSTED

APPENDIX 8.0: Definition of Alternative Performance Measures (APMs)

Certain parts of this Press Release contain the following non-IFRS financial measures: Adjusted Revenue, Adjusted Recurring EBIT, Adjusted Recurring EBITDA, Adjusted net (debt) cash, Adjusted Backlog, and Adjusted Order Intake, which are not recognized as measures of financial performance or liquidity under IFRS and which the Company considers to be APMs. APMs should not be considered an alternative to, or more meaningful than, the equivalent measures as determined in accordance with IFRS or as an indicator of the Company’s operating performance or liquidity.

Each of the APMs is defined below:

• Adjusted revenue: represents the revenue recognized under IFRS as adjusted according to the method described below. For the periods presented in this Press Release, the Company’s proportionate share of joint venture revenue from the following most material projects was included: the revenue from ENI CORAL FLNG and NFE is included at 50%, the revenue from BAPCO Sitra Refinery is included at 36%, the revenue from GranMorgu project is included at 48% and the one of Ruwais project at 40%. The Company believes that presenting the proportionate share of its joint venture revenue in construction projects carried out in joint arrangements enables management and investors to better evaluate the performance of the Company’s core business period-over-period by assisting them in more accurately understanding the activities actually performed by the Company on these projects.
• Adjusted recurring EBIT: represents profit before financial income (expense), net, and income taxes recorded under IFRS as adjusted to reflect line-by-line for their respective share incorporated construction project entities that are not fully owned by the Company (applying to the method described above under Adjusted Revenue) and adds or removes, as appropriate, items that are considered as non-recurring from EBIT (such as items not arising from the Group’s normal operations, including restructuring expenses, significant litigation, and costs related to strategic initiatives and investments in adjacent business models). The Company believes that the exclusion of such expenses or profits from these financial measures enables investors and management to evaluate the Company’s operations and consolidated results of operations period-over-period, and to identify operating trends that could otherwise be masked to both investors and management by the excluded items.
• Adjusted recurring EBITDA: corresponds to the adjusted recurring EBIT as described above before depreciation and amortization expenses.
• Adjusted net (debt) cash: reflects cash and cash equivalents, net of debt (including short-term debt), as adjusted according to the method described above under adjusted revenue. Management uses this APM to evaluate the Company’s capital structure and financial leverage. The Company believes adjusted net (debt) cash, is a meaningful financial measure that may assist investors in understanding the Company’s financial condition and recognizing underlying trends in its capital structure.
• Adjusted backlog: backlog is calculated as the estimated sales value of unfilled, confirmed customer orders at the relevant reporting date. Adjusted backlog takes into account the Company’s proportionate share of backlog related to equity affiliates (mainly in relation to ENI Coral FLNG, BAPCO Sitra Refinery and two affiliates of the NFE joint-venture). The adjusted backlog from GranMorgu project is included at 48% and the one of Ruwais project at 40%. The Company believes that the adjusted backlog enables management and investors to evaluate the level of the Company’s core business forthcoming activities by including its proportionate share in the estimated sales coming from construction projects in joint arrangements.
• Adjusted order intake: order intake corresponds to signed contracts which have come into force during the reporting period. Adjusted order intake adds the proportionate share of orders signed related to equity affiliates (mainly in relation to ENI Coral FLNG, BAPCO Sitra Refinery and two affiliates of the NFE joint-venture). This financial measure is closely connected with the adjusted backlog in the evaluation of the level of the Company’s forthcoming activities by presenting its proportionate share of contracts which came into force during the period and that will be performed by the Company.

•
Contacts

Investor Relations

Phillip Lindsay

Vice President, Investor Relations

Tel: +44 20 7585 5051

Email: investor.relations@ten.com

Media Relations

Jason Hyonne

Manager, Press Relations & Social Media

Tel: +33 1 47 78 22 89

Email: media_@ten.com

Attachment

• Technip Energies First Quarter 2026 Financial Results

Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. USA Newshour takes no editorial responsibility for the same.

Lyon (France), April 30, 2026 – Valneva SE (Nasdaq: VALN; Euronext Paris: VLA) (“Valneva” or the “Company”), a specialty vaccine company, announces the successful completion of an €84 million (including share issue premium) reserved offering subscribed by a limited number of investors (the “Reserved Offering”), including €37 million to be received upon closing and an aggregate of up to €47 million if all the warrants are exercised, subject to satisfaction of specific conditions. The closing of the Reserved Offering is expected to occur on May 5, 2026, subject to customary closing conditions.

The Reserved Offering was led by existing investor Frazier Life Sciences, with participation by new investors TCGX, Deep Track Capital, Cormorant Asset Management, Perceptive Advisors, Vivo Capital, and Samsara BioCapital, as well as existing investor Nantahala.

Use of proceeds

The Company intends to use the net proceeds from the Reserved Offering, together with its existing cash, to (i) advance its existing pipeline of differentiated vaccine candidates, maximize growth of its cash-generating commercial business and (ii) for working capital and general corporate purposes. The net proceeds will be allocated equally between these two objectives.

Terms & Conditions of the Reserved Offering

The Reserved Offering was carried out through the issuance of 15,893,817 new ordinary shares of the Company (the “New Shares”), each New Share with one share warrant attached (a “Warrant” and, together with the New Share to which it is attached, an “ABSA”, or Actions à Bons de Souscription d’Actions) at a subscription price of €2.33 per ABSA, as part of a share capital increase for an amount of €37 million. If all the Warrants attached to the New Shares are exercised, up to 15,893,817 additional new ordinary shares (the “Warrant Shares”) will be issued by the Company for an amount of approximately €47 million.

The Reserved Offering has been carried out (i) in the United States, to a limited number of “qualified institutional buyers” as defined by Rule 144A of the U.S. Securities Act of 1933, as amended (the “Securities Act”), pursuant to an exemption from the registration requirements of Section 4(a)(2) of the Securities Act, and (ii) outside the United States, in offshore transactions in accordance with Regulation S of the Securities Act, (A) within the European Union (including France), to “qualified investors” within the meaning of Article 2(e) of Regulation (EU) 2017/1129, as amended (the “Prospectus Regulation”) and (B) outside the European Union (excluding the United States, Canada, Japan and Australia) in accordance with the rules applicable in each of the countries concerned, for the benefit of categories of investors defined in the 28^th resolution of the General Meeting.

Jefferies LLC, Jefferies GmbH, TD Cowen, Stifel, Nicolaus & Company, Incorporated, Stifel Europe Securities SAS, acted as Global Coordinators, and Van Lanschot Kempen (USA) Inc. and Van Lanschot Kempen N.V., together with the Global Coordinators, acted as Joint Bookrunners (the “Managers”), have been appointed to assist the Company as placement agents in connection with the Reserved Offering. Jefferies GmbH also acted as settlement agent in connection with the Reserved Offering.

The ABSA are issued through a capital increase without shareholders’ preferential subscription rights for the benefit of categories of investors in accordance with Article L. 225-138 of the French Commercial Code and pursuant to the decisions of the Company’s Chief Executive Officer on April 29, 2026, acting upon sub-delegation of the Company’s Board of Directors on April 28, 2026, in accordance with the delegations granted pursuant to the 28th and 34^th resolutions of the Company’s combined shareholders’ meeting held on June 25, 2025 (the “General Meeting”).

Concurrently with the execution of a securities purchase agreement, the Company and the investors entered into a registration rights agreement pursuant to which the Company has agreed to file a registration statement with the Securities and Exchange Commission registering the resale of the New Shares, the Warrant Shares and any American Depositary Shares (“ADSs”) created upon deposit thereof.

Terms & Conditions of the ABSA

The issue price of one ABSA is €2.33 (including €0.15 par value and €2.18 share issue premium), representing a facial discount of 1.6% to the volume-weighted average price of the Valneva shares on the regulated market of Euronext Paris (“Euronext Paris”) over the three trading days preceding the setting of such issue price, i.e. April 27, 28, and 29, 2026 (i.e. €2.37) (the “3-day VWAP”). The theoretical value of a Warrant using the Black-Scholes method is €0.30, which takes into account various parameters, including volatility (37.5%), the issue price of the ABSA, the Exercise Price (as defined below) of the Warrants or the Exercise Period (as defined below).

One Warrant entitles its holder to subscribe to one Warrant Share of the Company (the “Exercise Ratio”), at an exercise price of €2.96 per ordinary share (the “Exercise Price”), representing a premium of 25% to the 3-day VWAP, subject to standard adjustments.

The issue price of an ABSA minus the theoretical value of a Warrant reflects a total discount of 14.4% per Valneva share compared with the 3-day VWAP, consistent with the maximum discount authorized by the General Meeting pursuant to its 28^th resolution.

The Warrants may be exercised, in whole or in part, for cash, at any time from the Business Day immediately following their issuance to the earlier of (i) the 30^th calendar day following receipt by the Company of the FDA regulatory approval for its investigational 6-valent OspA-based Lyme disease vaccine candidate (LB6V, formerly known as VLA15) and (ii) the third business day (included) prior to March 31, 2028 (the “Exercise Period”), it being specified that, if, as of March 1, 2028, (i) the FDA has determined that the application for the FDA regulatory approval was sufficiently complete to permit a substantive review and (ii) the FDA regulatory approval has not yet been obtained, such maturity date shall automatically be extended to September 30, 2028 and the Exercise Period shall be correspondingly extended.

In the case of a suspension¹, the Exercise Period shall be automatically extended for a period equal to the duration of such suspension; provided, however, that in no event shall such extension result in the Exercise Period exceeding the period ending on the third business day (included) prior to March 31, 2028 (or, if applicable, September 30, 2028).

The Warrants are not listed on a regulated market or multilateral trading facility but are admitted to the operations of Euroclear France SA (ISIN: FR00140188J5). The Warrants were detached from the New Shares upon their issuance.

Holders of Warrants will be automatically grouped in a masse to defend their common interests. The masse will act, in part, through a representative and, in part, through collective decisions of the Warrants holders.

Dilution

The 15,893,817 New Shares issued in the Reserved Offering will represent dilution of approximately 9.1% of the share capital of the Company (on a non-diluted basis). On an illustrative basis, a shareholder holding 1% of Valneva’s share capital before the Reserved Offering would hold a stake of 0.9% after completion of the Reserved Offering.

In addition, assuming the exercise in full of all 15,893,817 Warrants at the Exercise Ratio, a maximum of 15,893,817 new ordinary shares would be issued, representing additional dilution of approximately 8.4% of the share capital of the Company (on a non-diluted basis, after issuance of the New Shares).

Evolution of the shareholding structure in connection with the Reserved Offering

The shareholding structure of the Company prior to the Reserved Offering is set forth below:

The issuance of the New Shares will have the following impact on the allocation of the share capital and voting rights of the Company:

The issuance of the New Shares and the Warrant Shares (assuming full exercise) will have the following impact on the allocation of the share capital and voting rights of the Company:

Lock-up

In connection with the Reserved Offering, the Company’s board members and executive officers are subject to a contractual lock-up for a period of 60 days after the settlement and delivery of the New Shares, subject to customary exceptions.

The Company has also agreed to be bound by a contractual lock-up for a period of 60 days following the date of the settlement and delivery of the Reserved Offering, subject to customary exceptions.

The investors in the Reserved Offering have not entered into any lock-up undertakings.

Cash position

As of December 31, 2025, the Company had cash and cash equivalents of €109.7 million. Without the net proceeds of the Reserved Offering, the Company’s current resources are sufficient to cover its operating needs for the next 12 months.

Risk Factors

Potential investors should carefully consider the following risks: (i) shareholders who have not participated in the Reserved Offering may see their participation in the Company’s share capital diluted due to the issuance of the New Shares and the potential exercise of the Warrants, (ii) the volatility and liquidity of the Company’s ordinary shares and ADSs may experience significant fluctuation, and there may be differences on Nasdaq and Euronext, (iii) sales of the Company’s ordinary shares and ADSs, in particular by its significant shareholders, could occur on the market and have an adverse impact on the Company’s trading prices, and (iv) existing and potential investors in the Company’s ordinary shares or ADSs may have to request the prior authorization from the French Ministry of Economy prior to acquiring a significant ownership position in the ordinary shares or ADSs of the Company.

In addition, the Company draws attention to the risk factors related to the Company and its activities presented in section 1.5 of the 2025 universal registration document filed with the AMF under number D.26-0102 on March 17, 2026, which are available free of charge on the Company’s website, as well as on the AMF’s website.

Settlement and Delivery — Documentation

The Company’s ADSs are listed on the Nasdaq Global Select Market under the ticker symbol “VALN”. The Company’s ordinary shares are listed on Euronext under the symbol “VLA”.

The New Shares are expected to be admitted to trading on Euronext Paris on May 5, 2026. The New Shares will be subject to the provisions of the Company’s bylaws and will be assimilated to existing shares upon final completion of the Reserved Offering. They will be admitted to trading on the same trading line as the Company’s existing shares under the same ISIN code FR0004056851.

The Reserved Offering is not subject to a prospectus requiring an approval of the French Financial Markets Authority (Autorité des marchés financiers – the “AMF”) or to the filing with the AMF of a document containing the information set out in Annex IX of the Prospectus Regulation.

Further reduction of operating expenses

Following the recent consolidation of its operations in France², Valneva has initiated a further restructuring plan, to include a workforce reduction, which is designed to reduce expenses while continuing to focus its resources on its base business and key strategic projects.

About Valneva SE
We are a specialty vaccine company that develops, manufactures, and commercializes prophylactic vaccines for infectious diseases addressing unmet medical needs. We take a highly specialized and targeted approach, applying our deep expertise across multiple vaccine modalities, focused on providing either first-, best- or only-in-class vaccine solutions.
We have a strong track record, having advanced multiple vaccines from early R&D to approvals, and currently market three proprietary travel vaccines.
Revenues from our growing commercial business help fuel the continued advancement of our vaccine pipeline. This includes the only Lyme disease vaccine candidate in advanced clinical development, which is partnered with Pfizer, the world’s most clinically advanced Shigella vaccine candidate, as well as vaccine candidates against other global public health threats. More information is available on the Company’s website.

Media and Investor Relations Contacts

Special Note Regarding Forward-Looking Statements

This press release contains “forward-looking” statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements regarding the expected closing of the Reserved Offering and the use of proceeds therefrom. Words such as “expects,” “intends,” “can,” “could,” “may,” “might,” “plan,” “potential,” “should,” and “will,” or the negative of these and similar expressions are intended to identify forward-looking statements.
These forward-looking statements, which are based on our management’s current expectations and assumptions and on information currently available to management involve known and unknown risks, uncertainties and other factors that could cause actual results to differ materially from those implied by the forward-looking statements, including such as unfavorable conditions in the industry, geopolitical events, market conditions, including the trading price and volatility of Valneva’s ADSs and ordinary shares, and risks related to Valneva’s business and financial performance.
Further information on the risk factors that may affect the Company’s business and financial performance is included in Valneva’s Annual Report on Form 20-F filed with the SEC on March 17, 2026 under “Item 3.D. Risk Factors” and in Valneva’s 2025 universal registration document filed with the French Financial Markets Authority (Autorité des marchés financiers – the “AMF”) under number D.26-0102 on March 17, 2026, and in any subsequent filings Valneva makes with the SEC from time to time, which are available on the SEC’s website.
The forward-looking statements included in this press release speak only as of the date of this press release, and except as required by law, Valneva assumes no obligation to update these forward-looking statements publicly.

Disclaimers
This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities of the Company in the United States of America, nor shall there be any sale of such securities, in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. None of the securities to be issued in connection with the Reserved Offering have been registered under the Securities Act and such securities may not be offered or sold in the United States except pursuant to an effective registration statement or an applicable exemption from the registration requirements.
The distribution of this press release may be subject to legal or regulatory restrictions in certain jurisdictions. Any person who comes into possession of this press release must inform him or herself of and comply with any such restrictions.
This document does not constitute an offer to the public in France. The securities referred to herein have not been and will not be offered or sold to the public in France, and no marketing materials relating to the securities may be made available or distributed in any way that would constitute, directly or indirectly, an offer to the public in France (except for public offerings defined in Article L. 411-2, 1° of the French Monetary and Financial Code (Code monétaire et financier)).
The securities referred to in this document are reserved to certain categories of beneficiaries as defined in the 28th resolution of the 2025 General Meeting, in accordance with Article L. 225-138 of the French Commercial Code.
This announcement is an advertisement and not a prospectus within the meaning of the Prospectus Regulation nor a document containing the information set out in Annex IX of the Prospectus Regulation.
In relation to each member state of the European Economic Area (each, a “Relevant Member State”), an offer of the securities referred to herein is not being made and will not be made to the public in that Relevant Member State, other than (i) to any legal entity which is a qualified investor as defined in the Prospectus Regulation, (ii) to fewer than 150 natural or legal persons per Relevant Member State (other than a qualified investor as defined in the Prospectus Regulation); or (iii) in any other circumstances falling within Article 1(4) of the Prospectus Regulation; provided that no such offer of the securities referred to herein shall require the Company or any Manager to publish a prospectus pursuant to Article 3 of the Prospectus Regulation or a document containing the information set out in Annex IX of the Prospectus Regulation, and each person who initially acquires any shares or to whom any offer is made will be deemed to have represented, acknowledged and agreed to and with each of the Managers and the Company that it is a qualified investor as defined in the Prospectus Regulation.
For the purposes of the above, the expression an “offer to the public” in any Relevant Member State shall have the meaning ascribed to it in article 2(d) of the Prospectus Regulation.
This communication is being distributed only to, and is directed only at (a) persons outside the United Kingdom, (b) persons who have professional experience in matters relating to investments falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Order”), and (c) high net worth entities, and other persons to whom it may otherwise lawfully be communicated, falling within Article 49(2) of the Order (all such persons together being referred to as “relevant persons”). Any investment or investment activity to which this communication relates is available only to relevant persons and will be engaged in only with relevant persons. Any person who is not a relevant person should not act or rely on this communication or any of its contents.
Solely for the purposes of each manufacturer’s product approval process, the target market assessment in respect of the New Shares and Warrants offered in the Reserved Offering has led to the conclusion in relation to the type of clients criteria only that: (i) the type of clients to whom the New Shares and Warrants are targeted is eligible counterparties and professional clients only, each as defined in Directive 2014/65/EU, as amended (“MiFID II”); and (ii) all channels for distribution of the New Shares and Warrants offered in the Reserved Offering to eligible counterparties and professional clients are appropriate.
Any person subsequently offering, selling or recommending the New Shares or Warrants (a “distributor”) should take into consideration the manufacturers’ type of clients assessment; however, a distributor subject to MiFID II is responsible for undertaking its own target market assessment in respect of the New Shares and Warrants offered in the Reserved Offering (by either adopting or refining the manufacturers’ type of clients assessment) and determining appropriate distribution channels.
This press release has been prepared in both French and English. In the event of any discrepancies between the two versions of the press release, the French language version shall prevail.

1 The Company may suspend the exercise of the Warrants in the event of a capital increase, an issuance of securities giving access to the share capital, any other financial transaction involving a preferential subscription right or a priority subscription period for shareholders, or a merger or demerger (scission), for a period not exceeding three months (or such other period set by applicable regulations).
2 See Valneva press release dated November 26, 2025.

Attachment

• 2026_04_30_Financing_PR_EN_Final

Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. USA Newshour takes no editorial responsibility for the same.

Driven by the rapid adoption of its proprietary iMedImage^® foundation model, Diagens saw its technology licensing revenue soar by 331.7% to RMB 84.34 million, officially becoming the company’s primary growth engine. Gross profit reached RMB 118 million, with a robust margin of 71.8%, reflecting a high-value business model built on “Model-as-a-Service” (MaaS).

The Industrialization of Medical AI: From “Bespoke Projects” to “Mass Production”

The medical imaging sector accounts for approximately 80% of global clinical data, yet traditional AI has long struggled with “point solutions”—developing one model for one disease in a single modality. This fragmented approach results in long R&D cycles and high costs, covering only a tiny fraction of the thousands of potential clinical applications.

Diagens is disrupting this legacy paradigm. Its iMedImage^® foundation model, boasting 104 billion parameters, covers 19 imaging modalities and 26 clinical specialties. By providing a standardized technological bedrock, Diagens has reduced the cost and time of developing high-quality specialized models by over 90%.

“We are witnessing a systemic restructuring of clinical capabilities,” said a representative of Diagens’ cross-disciplinary expert team, which comprises veterans from basic medicine, clinical practice, and advanced AI. “Our goal is to break the cost-efficiency barrier of medical AI, moving from ‘craftsman-style’ development to an industrial-scale deployment that can fill the widening global gap in healthcare resources.”

MaaS Ecosystem: Accelerating Global Healthcare Infrastructure

Within just six months of launching the iMed MaaS^® (Model-as-a-Service) platform in 2025, Diagens partnered with 65 top-tier hospitals to incubate 92 specialized models. This ecosystem allows healthcare institutions to rapidly deploy AI capabilities tailored to specific clinical needs, effectively turning sophisticated diagnostic expertise into a scalable digital utility.

Diagens’ reach now extends to over 400 medical institutions across China, including adoption by 40% of the nation’s top ten hospitals. Beyond China, the company is positioning itself as a global healthcare AI infrastructure provider, aiming to lower the threshold for high-quality diagnostics worldwide.

Strategic Outlook: Scaling the New Productive Force

Looking ahead, Diagens plans to deepen its strategic collaboration with ecosystem partners, including technology giants like Tencent, to build a “Device + Service + Data” hub. By integrating the iMedImage^® foundation model into the global healthcare value chain, Diagens seeks to address the existential challenges of aging populations and physician shortages.

“This is not just a leap in tool efficiency; it is a fundamental shift in how medical services are produced and delivered,” stated Dr. Ning Song, Chairman of Diagens. “Standing at this historical inflection point, we are committed to working with global stakeholders to ensure that truly clinical-grade AI is accessible, reliable, and safe for every patient, everywhere.”

View original content to download multimedia:https://www.prnewswire.com/news-releases/diagens-annual-results-100b-parameter-model-reshapes-medical-ai-landscape-licensing-revenue-becomes-primary-growth-engine-302758316.html

SOURCE Hangzhou Diagens Biotech Co., Ltd.

Disclaimer: The above press release comes to you under an arrangement with PR Newswire. USA Newshour takes no editorial responsibility for the same.

In the 1st quarter of 2026, EfTEN Real Estate Fund AS took several significant steps in reshaping the portfolio, focusing on more efficient use of capital and on preparing for new investment opportunities. In March, the fund completed the sale of its subsidiary EfTEN Krustpils SIA (the owner company of the Latvian DSV logistics centre), as a result of which the fund received 5.4 million euros. The fund acquired the logistics centre in June 2016, and the internal rate of return (IRR) of the project amounted to approximately 10%.

After the reporting date, in April 2026, the fund’s subsidiary EfTEN Menulio UAB completed the sale of the Menulio 11 office building in Vilnius. The sale price of the investment property was approximately 0.6 million euros higher than book value. The sale of the Latvian DSV logistics centre and the Menulio 11 office building provides a basis for making new investments.

At the fund’s general meeting of shareholders held in April 2026, the acquisition of the Magistral shopping centre in Tallinn was discussed. The purpose of the planned transaction is to increase the share of high-quality retail real estate with stable cash flow in the fund’s portfolio. The expected acquisition value of the Magistral centre is 31.69 million euros, and the centre’s expected net operating income (NOI) is approximately 2.5-2.6 million euros per year. The transaction is planned to be completed in the summer of 2026.

The fund’s existing real estate portfolio continued stable operation – vacancy remained low and tenants’ payment behaviour was good. The fund continues active management of the real estate portfolio in order to maintain portfolio occupancy, maximize rental income from real estate investments, and ensure the fund’s dividend capacity.

The decline of the EURIBOR (compared to the period a year earlier) had a significant positive effect on the fund’s cash flows in the first quarter. Interest expenses decreased by 14% on a year-on-year basis, which enabled the fund to increase consolidated net profit faster than rental income. The fund’s free cash flow increased by 31% compared to the first quarter of the previous year, and the interest coverage ratio (ICR) improved from 3.4 to 4.4. Although all of the fund’s loan agreements bear a floating interest rate, in order to hedge against a potential increase in interest rates the fund has entered into two interest rate swap agreements in the total amount of 22.6 million euros (14.7% of the loan portfolio), under which the 1‑month EURIBOR is fixed at levels of 1.995% and 2.2% respectively.

Overview of Financial Results

The consolidated sales revenue of EfTEN Real Estate Fund AS for the 1st quarter of 2026 amounted to 8.421 million euros (1st quarter of 2025: 7.858 million euros). Sales revenue increased by 7.2% compared to the same period a year earlier. The growth in sales revenue was supported by a decrease in vacancy in the office sector, indexation of rental income, as well as new investments in the logistics and care home sectors.

The fund’s consolidated net rental income (NOI) in the 1st quarter of 2026 totalled 7.812 million euros (1st quarter of 2025: 7.211 million euros), increasing by 8.3% compared to the same period of the previous year. The net rental income margin in the 1st quarter of 2026 was 95% (2025: 94%), which means that costs directly related to the management of properties (incl. land tax, insurance, maintenance and improvement works) and marketing expenses accounted for 5% (2025: 6%) of the fund’s consolidated rental income.

In the 1st quarter of 2026, the fund earned consolidated net profit of 4.924 million euros, which is 18.2% more than in the same period of the previous year.

In the 1st quarter of 2026, the Group generated adjusted cash flow (EBITDA minus interest expenses and repayments of loan principal and income tax expense) in the total amount of approximately 3.5 million euros, which, due to a higher EBITDA level and lower interest expenses, increased by 31% compared to the same period of the previous year. As at 31 March 2026, the total assets of the Group amounted to 407.044 million euros (31 December 2025: 405.851 million euros), incl. the fair value of investment properties accounted for 92% of total assets (31 December 2025: 94%).

Real Estate Portfolio

As at 31 March 2026, the Group had 36 (31 December 2025: 37) commercial real estate investments, the fair value of which as at the reporting date amounted to 373.808 million euros (31 December 2025: 381.032 million euros) and the acquisition cost to 373.912 million euros (31 December 2025: 381.235 million euros). In addition to the above-mentioned investment properties, the Group holds a 50% interest in the joint venture EfTEN SPV11 OÜ, which owns the Palace Hotel in Tallinn, the fair value of which as at 31 March 2026 amounted to 8.688 million euros (31 December 2025: 8.680 million euros).

Investments in the 1st quarter of 2026

In the 1st quarter of 2026, the Group invested a total of 1.776 million euros in the existing real estate portfolio, incl. the continuation of the reconstruction works of the Nõmme care home, the volume of which in the 1st quarter amounted to a total of 1.2 million euros. 

Sales in the 1^st quarter of 2026

In March 2026, the Group sold a 100% interest in the subsidiary EfTEN Krustpils SIA, which owned the DSV logistics centre in Riga. The Group acquired the DSV logistics centre in June 2016, and the fund earned an internal rate of return (IRR) of approximately 10% from the project. In total, 5.4 million euros were received by the Group from the sale of the subsidiary.

Subsequent to the reporting date, on 17 April 2026, the fund’s subsidiary EfTEN Menulio UAB sold the office building owned by it in Vilnius at Menulio 11. The sale price of the investment property was 8.1 million euros, i.e. 571 thousand euros higher than the carrying value of the property. After the repayment of loan obligations taken to acquire Menulio 11 and the settlement of other liabilities, approximately 4.6 million euros will be received by the fund.

The funds obtained from both EfTEN Krustpils SIA and the Menulio 11 office building are planned to be used for the acquisition of the Magistral shopping centre in 2026.

Rental income

In the 1st quarter of 2026, the Group earned a total of 8.181 million euros in rental income, which is 7% more than in the same period in 2025.
As at 31 March 2026, the vacancy rate of investment properties owned by the Group across the portfolio was 3.3% (31 December 2025: 3.2%). Vacancy in the office segment decreased in the first quarter – while the segment’s vacancy rate was 14.4% at the end of 2025, it was 13.1% at the end of March. As a significant part of the office segment vacancy consisted of vacant space in the Menulio 11 office building, following the sale transaction of Menulio 11 in April 2026 the segment vacancy rate decreased to 9.5%.

Financing

In the 1st quarter of 2026, two subsidiaries of EfTEN Real Estate Fund AS extended loan agreements concluded with banks in the total amount of 6.7 million euros. Upon the extension of one loan agreement, the loan margin decreased from 2.3% to 1.85%, and upon the extension of the other loan, the terms of the loan agreement remained unchanged. Within the next 12 months, loan agreements of eight subsidiaries of the Group will mature, the outstanding balance of which as at 31 March 2026 amounted to a total of 32.354 million euros. The LTV (Loan-to-Value) of the maturing loan agreements is 34%–59%, and the investment properties have a stable rental cash flow, therefore, in the opinion of the Group’s management, no obstacles will arise in extending the loan agreements.

As at 31 March 2026, the weighted average interest rate of the Group’s loan agreements was 4.00% (31 December 2025: 3.99%) and the LTV (Loan to Value) was 40% (31 December 2025: 41%). All loan agreements of the fund’s subsidiaries are linked to a floating interest rate. To hedge interest rate risk, two subsidiaries of the Group have entered into interest rate swap agreements with a total notional amount of 22.6 million euros, whereby the floating interest rate (1‑month EURIBOR) is fixed at levels of 1.995% and 2.2%.

The interest coverage ratio (ICR) of the fund’s loans as at 31 March 2026 was 4.4 (as at 31 March 2025: 3.4). The ICR increased mainly due to a lower EURIBOR.

Share information

As at 31 March 2026, the registered share capital of EfTEN Real Estate Fund AS amounts to 115,248 thousand euros (31 December 2025: same). The share capital consisted of 11,524,846 shares (31 December 2025: same) with a nominal value of 10 euros (31 December 2025: same).

The net asset value (NAV) per share of EfTEN Real Estate Fund AS as at 31 March 2026 was 20.75 euros (31 December 2025: 20.32 euros). The net asset value per share of EfTEN Real Estate Fund AS increased by 2.1% over the first three months of 2026.

CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME

CONSOLIDATED STATEMENT OF FINANCIAL POSITION

Marilin Hein
CFO
Phone +372 6559 515
E-mail: marilin.hein@eften.ee

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• EREF_3kuud_vahearuanne_2026_v1 ENG

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