Posts

Posted on

CoStar Group Promotes Robin Rossmann to Chief Financial Officer to Drive Margin Expansion and Profitable Growth

CoStar Group Promotes Robin Rossmann to Chief Financial Officer to Drive Margin Expansion and Profitable Growth

Rossmann, CoStar Group’s Managing Director, Europe, brings more than two decades of financial and operational leadership — over the past two years reducing the Company’s European cost structure by 25% while delivering double-digit revenue growth and launching CoStar in France

ARLINGTON, Va.–(BUSINESS WIRE)–
CoStar Group, Inc. (NASDAQ: CSGP), a leading provider of online real estate marketplaces, information, and analytics in the property markets, today announced the appointment of Robin Rossmann as Chief Financial Officer, effective July 31, 2026, succeeding Christian Lown, who is stepping down to pursue an opportunity outside the Company’s industry. Rossmann will report to Andy Florance, Founder and Chief Executive Officer of CoStar Group.

Rossmann will lead CoStar Group’s global finance organization, overseeing the Company’s financial and operational performance, capital allocation, financial planning and investor engagement as CoStar Group continues to expand its global platforms, increase profitability and create long-term value for shareholders.

Rossmann currently serves as CoStar Group’s Managing Director, Europe, and is a member of the Company’s executive leadership team. Over the past two years, he has distinguished himself by dramatically improving the margins of CoStar Group’s European business — eliminating approximately $51 million in costs, roughly 25% of the European cost structure — while delivering double-digit revenue growth and launching CoStar in France. Rossmann joined STR in 2016, leading its businesses across EMEA, Asia Pacific and Latin America, and became part of CoStar Group through the Company’s acquisition of STR in 2019. Over the past decade with STR and CoStar Group, he has played a central role in launching CoStar Group products across global markets, executing and integrating acquisitions, scaling international operations and advancing strategic initiatives that have strengthened the Company’s competitive position.

“Robin is a rare executive who combines deep financial expertise with proven operating leadership and a demonstrated ability to dramatically reduce costs while accelerating growth,” said Andy Florance, Founder and Chief Executive Officer of CoStar Group. “During his time with CoStar Group, he has consistently delivered outstanding operating performance across our international businesses — driving strong organic revenue growth, expanding margins, successfully integrating acquisitions and launching our products in new markets. Robin knows our business, strategy and culture exceptionally well, and is deeply respected across our leadership team. I look forward to partnering with him as we sharpen our focus on margin expansion and profitable growth.”

“CoStar Group has built one of the strongest and most differentiated real estate technology companies in the world,” said Rossmann. “I am honored to assume the role of Chief Financial Officer at such an exciting point in the Company’s evolution. I look forward to partnering with Andy, our leadership team and our employees to drive disciplined capital allocation, enhance operational efficiency, expand margins and support continued profitable growth while delivering long-term value for our shareholders.”

Prior to joining STR, Rossmann, a Chartered Accountant, spent 13 years at Deloitte, where he served as a Senior Director advising many of the world’s leading public and private real estate and hospitality companies across the United States, the United Kingdom and other international markets. His experience included financial assurance, internal controls and risk management, financial and commercial due diligence, capital markets transactions, debt advisory, valuation, business planning and investment appraisal.

Lown will step down as Chief Financial Officer effective July 31, 2026. His departure was not the result of any disagreement with the Company relating to the Company’s operations, policies or practices.

“On behalf of the Board of Directors and the entire CoStar Group team, I want to thank Chris for his contributions during his tenure with the Company,” said Florance. “We appreciate his service and wish him continued success in his future endeavors.”

About CoStar Group

CoStar Group (NASDAQ: CSGP) is a global leader in commercial real estate information, analytics, online marketplaces, and 3D digital twin technology. Founded in 1986, CoStar Group is dedicated to digitizing the world’s real estate, empowering all people to discover properties, insights, and connections that improve their businesses and lives.

CoStar Group’s major brands include CoStar, a leading global provider of commercial real estate data, analytics, and news; LoopNet, the most trafficked commercial real estate marketplace; Apartments.com, the leading platform for apartment rentals; Homes.com, the fastest-growing residential real estate marketplace; and Domain, one of Australia’s leading property marketplaces. The Company’s industry-leading brands also include Matterport, a leading spatial data company whose platform turns buildings into data to make every space more valuable and accessible; STR, a global leader in hospitality data and benchmarking; Ten-X, an online platform for commercial real estate auctions and negotiated bids; and OnTheMarket, a leading residential property portal in the United Kingdom.

CoStar Group’s websites attracted 131 million average monthly unique visitors in the first quarter of 2026, serving clients around the world. Headquartered in Arlington, Virginia, the Company is committed to transforming the real estate industry through innovative technology and comprehensive market intelligence. From time to time, CoStar Group plans to utilize its corporate website as a channel of distribution for material Company information. For more information, visit www.CoStarGroup.com.

This news release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements include, but are not limited to, statements about CoStar Group’s plans, objectives, expectations, beliefs and intentions and other statements including words such as “hope,” “anticipate,” “may,” “likely,” “might,” “believe,” “expect,” “observe,” “consider,” “think,” “intend,” “envision,” “will,” “should,” “could,” “would,” “plan,” “target,” “goal,” “estimate,” “predict,” “continue,” “commit,” and “potential” or the negative of these terms or other comparable terminology. Such statements are based upon the current beliefs and expectations of management of CoStar Group and are subject to many risks and uncertainties. Actual results may differ materially from the results anticipated in the forward-looking statements and the assumptions and estimates used as a basis for the forward-looking statements. The following factors, among others, could cause or contribute to such differences: our inability to attract and retain new clients; our inability to successfully develop and introduce new or updated online marketplace services, information, and analytics; our inability to compete successfully against existing or future competitors in attracting advertisers and in general; the effects of fluctuations and market cyclicality; the effects of global economic uncertainties and downturns or a downturn or consolidation in the real estate industry; our inability to hire qualified persons for, or retain and continue to develop our sales force, or unproductivity of our sales force; our inability to retain and attract highly capable management and operating personnel; the downward pressure that our internal and external investments may place on our operating margins; our inability to increase brand awareness; our inability to maintain or increase internet traffic to our marketplaces, and the risk that the methods, including Google Analytics, that we use to measure average monthly unique visitors to our portals may misstate the actual number of unique persons who visit our network of mobile applications and websites for a given month or may differ from the methods used by competitors; our inability to attract new advertisers; our inability to successfully identify, finance, integrate, and/or manage costs related to acquisitions; our inability to complete certain strategic transactions if a proposed transaction is subject to review or approval by regulatory authorities pursuant to applicable laws or regulations; our inability to realize the benefits of the acquisitions of Matterport, LLC (“Matterport”) and Domain Holdings Australia Pty Limited; the inability of third-party suppliers upon which Matterport relies to fulfill its needs; the effects of cyberattacks and security vulnerabilities, and technical problems or disruptions; the significant costs associated with undertaking a large infrastructure project; our inability to generate increased revenues from our current or future geographic expansion plans; the risks related to acceptance of credit cards and debit cards and facilitation of other customer payments; the effects of climate-related events and other events beyond our control; the effects related to attention to climate-related risks and opportunities; our inability to obtain and maintain accurate, comprehensive, or reliable data; our inability to obtain and maintain stable data feeds, or disruption of our data feeds; our inability to enforce or defend our ownership and use of intellectual property; the effects of use of new and evolving technologies, including artificial intelligence, on our ability to protect our data and intellectual property from misappropriation by third parties; our inability to defend against potential legal liability for collecting, displaying, or distributing information; our inability to obtain or retain listings from real estate brokers, agents, property owners, and apartment property managers; our inability to maintain or establish relationships with third-party listing providers; our inability to comply with the rules and compliance requirements of Multiple Listing Services; the risks related to open source software; the risks related to international operations; the effects of foreign currency exchange rate fluctuations; our indebtedness; the effects of a lowering or withdrawal of the ratings assigned to our debt securities by rating agencies; the effects of any actual or perceived failure to comply with privacy or data protection laws, regulations, or standards; the effects of changes in tax laws, regulations, or fiscal and tax policies; the effects of third-party claims, litigation, regulatory proceedings, or government investigations; the risks related to return on investment; and the risks related to the specific timing, price, and size of repurchases under the Stock Repurchase Program, including that the Stock Repurchase Program may be suspended or discontinued at any time at the Company’s discretion. More information about potential factors that could cause results to differ materially from those anticipated in the forward-looking statements include, but are not limited to, those stated in CoStar Group’s filings from time to time with the Securities and Exchange Commission (the “SEC”), including in CoStar Group’s Annual Reports on Form 10-K and Quarterly Reports on Form 10-Q, each of which is filed with the SEC, including in the “Risk Factors” section of those filings, as well as CoStar Group’s other filings with the SEC (including Current Reports on Form 8-K) available at the SEC’s website (www.sec.gov). All forward-looking statements are based on information available to CoStar Group on the date hereof, and CoStar Group assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by applicable law.

Media Contact:

Matthew Blocher

CoStar Group Corporate Marketing & Communications

[email protected]

KEYWORDS: Virginia United States North America

INDUSTRY KEYWORDS: Commercial Building & Real Estate Technology Construction & Property Finance Consulting Professional Services Software Data Analytics Other Construction & Property Residential Building & Real Estate

MEDIA:

Logo
Logo
Posted on

Tavia Acquisition Corp. and Vita Inclinata Technologies Sign Letter of Intent to go public on NASDAQ

London, United Kingdom, July 13, 2026 (GLOBE NEWSWIRE) — Tavia Acquisition Corp. (Nasdaq: TAVI) (“Tavia”) and Vita Inclinata Technologies, Inc. (“Vita”) today announced they have signed a Letter of Intent (“LOI”) for a business combination that would result in Vita becoming a publicly traded company through a de-SPAC.

The proposed transaction values Vita at a pre-money enterprise value of $450 million, assuming Vita successfully completes its pending strategic acquisition within the defense and industrials market. The announcement reflects Vita’s continued momentum and represents an important step in the company’s evolution as it prepares for its next phase of growth.

In connection with executing the LOI, Tavia and Vita are engaged in a series of initial non-binding investment indications of from institutional investors and certain strategic partners. Firm commitments from those investors, as well as any other investors, would be announced concurrently with the signing of a definitive agreement.

Tavia expects to announce additional details regarding the proposed business combination when a definitive agreement is executed, which is expected within the next thirty days and with a closing anticipated in the fourth quarter of 2026.

Caleb Carr, Chief Executive Officer of Vita Inclinata Technologies, said:

“This is an important step for Vita and reflects the progress our team has made in building a differentiated business. We believe access to the public markets will strengthen our ability to invest in innovation, expand our portfolio of products and solutions, pursue new opportunities, and create long-term value for our customers and shareholders.”

Kanat Mynzhanov, Chief Executive Officer / Chairman of Tavia Acquisition Corp., said:

“Vita has built a distinctive business with innovative products, disciplined execution, and a compelling vision for the future. We believe the company is well positioned for its next stage of growth, and we look forward to advancing this opportunity together.”

About Vita Inclinata Technologies

Vita Inclinata Technologies develops innovative products and solutions designed to improve safety, precision, and operational performance in demanding environments. Through engineering expertise, operational excellence, and a customer-focused approach, the company continues to expand its portfolio while delivering meaningful value to customers.

About Tavia Acquisition Corp.

Tavia Acquisition Corp. (Nasdaq: TAVI) is a special purpose acquisition company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.

Letter of Intent

The LOI is non-binding and subject to the execution of definitive agreements, completion of due diligence, required approvals and customary closing conditions. No assurances can be made that the parties will successfully negotiate and enter into a definitive agreement, or that the proposed transaction will be consummated on the terms or timeframe currently contemplated, or at all.

Exclusivity

The parties have agreed to a 45-day exclusivity period to undertake due diligence and negotiate a definitive Business Combination Agreement.

Advisors

Cohen & Company Capital Markets, a division of Cohen & Company Securities, LLC, is acting as lead financial advisor and capital markets advisor to Tavia and EarlyBirdCapital is acting as capital markets advisor to Tavia. Greenberg Traurig LLP is serving as legal counsel to Vita. Reed Smith LLP is serving as legal counsel to Tavia.

Additional Information and Where to Find It

If a definitive agreement is entered into in connection with the proposed business combination, a newly formed holding company, Vita or Tavia will prepare a registration statement, including a proxy statement/prospectus, to be filed with the U.S. Securities and Exchange Commission (“SEC”). The proxy statement/prospectus will be mailed to Tavia’s shareholders. Tavia urges investors and other interested persons to read, when available, the proxy statement/prospectus, as well as other documents filed with the SEC, because these documents will contain important information about the proposed business combination. Such persons can also read Tavia’s filings with the SEC for a description of the security holdings of its officers and directors and their respective interests as security holders in the consummation of the transactions described herein. The proxy statement statement/prospectus, once available, can be obtained, without charge, at the SEC’s web site (http://www.sec.gov).

Participants in the Solicitation

Vita and Tavia and their respective directors, executive officers and other members of their management and employees, under SEC rules, may be deemed to be participants in the solicitation of proxies of Tavia’s shareholders in connection with the proposed business combination. Investors and security holders may obtain more detailed information regarding the names, affiliations and interests of Tavia’s directors and officers in Tavia’s SEC filings. Information regarding the persons who may, under SEC rules, be deemed participants in the solicitation of proxies to Tavia’s shareholders in connection with the proposed business combination will be set forth in the proxy statement/prospectus for the proposed business combination when available. Information concerning the interests of Vita’s and Tavia’s participants in the solicitation, which may, in some cases, be different than those of their respective equity holders generally, will be set forth in the proxy statement/prospectus relating to the proposed business combination when it becomes available.


Forward-Looking Statements

This press release contains certain statements that are not historical facts and are forward-looking statements within the meaning of the federal securities laws with respect to the potential business combination between Tavia and Vita. These forward-looking statements generally are identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “think,” “strategy,” “future,” “opportunity,” “potential,” “plan,” “seeks,” “may,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result,” and similar expressions, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties.

These factors include, but are not limited to, whether a definitive agreement for the proposed business combination transaction will be entered into; whether such business combination transaction, or any other contemplated transaction, may be completed with different terms, in an untimely manner, or not at all; whether the parties will be able to realize the benefits of the proposed business combination transaction described herein; market and other conditions. The parties do not undertake an obligation to update or revise any forward-looking statement. Investors should read the risk factors set forth in Tavia’s Annual Report on Form 10-K and periodic reports filed with the SEC.  All of Tavia’s forward-looking statements are expressly qualified by all such risk factors and other cautionary statements. The information set forth herein speaks only as of the date thereof, and the parties assume no obligation to update or revise these statements unless otherwise required by law.


No Offer or Solicitation

This press release is not a solicitation of a proxy, consent, or authorization with respect to any securities or in respect of the potential business combination and will not constitute an offer to sell or the solicitation of an offer to buy or exchange any securities, nor will there be any sale of securities in any states or jurisdictions in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

Contact Information:

[email protected]



Posted on

NewMarket Corporation Schedules Conference Call and Webcast to Review Second Quarter 2026 Results

NewMarket Corporation Schedules Conference Call and Webcast to Review Second Quarter 2026 Results

RICHMOND, Va.–(BUSINESS WIRE)–NewMarket Corporation (NYSE: NEU) announced today it expects to release second quarter 2026 earnings at the close of business on Wednesday, July 29, 2026. The earnings announcement will also be available on the Company’s website at www.NewMarket.com the following day. A conference call and webcast are scheduled for 3:00 p.m. ET on Thursday, July 30, 2026, to review second quarter 2026 financial results.

You can access the conference call live by dialing 1-888-506-0062 (domestic) or 1-973-528-0011 (international) and requesting the NewMarket conference call or using the participant access code 726865. To avoid delays, callers should dial in five minutes early. A teleconference replay of the call will be available until Thursday, August 13, 2026, at 3:00 p.m. ET by dialing 1-877-481-4010 (domestic) or 1-919-882-2331 (international). The replay passcode is 54208.

The call will also be broadcast via the internet and can be accessed through the Company’s website at www.NewMarket.com or https://www.webcaster5.com/Webcast/Page/2001/54208. A webcast replay will be available for 30 days.

NewMarket Corporation is a holding company operating through its subsidiaries, Afton Chemical Corporation (Afton), Ethyl Corporation (Ethyl), American Pacific Corporation (AMPAC), and Calca Solutions, LLC (Calca). The Afton and Ethyl companies develop, manufacture, blend, and deliver chemical additives that enhance the performance of petroleum products. AMPAC is a manufacturer of specialty materials primarily used in solid rocket motors for the aerospace and defense industries. Calca is the nation’s leading producer of Ultra Pure® and high-purity hydrazine – essential, mission-critical propellants that enable advanced aerospace and defense applications. The NewMarket family of companies has a long-term commitment to its people, to safety, to providing innovative solutions for its customers, and to making the world a better place.

NewMarket Corporation
Investor Relations
Timothy K. Fitzgerald
Phone: 804-788-5555
Email: [email protected]

KEYWORDS: United States North America Virginia

INDUSTRY KEYWORDS: Engineering Defense Chemicals/Plastics Aerospace Manufacturing Other Defense Contracts

MEDIA:

Posted on

Tilray Brands to Announce Fourth Quarter and Fiscal Year 2026 Financial Results on July 28, 2026

NEW YORK and LONDON and LEAMINGTON, Ontario, July 13, 2026 (GLOBE NEWSWIRE) — Tilray Brands, Inc. (“Tilray” or the “Company”) (Nasdaq: TLRY; TSX: TLRY), a global lifestyle and consumer packaged goods company at the forefront of the cannabis, beverage and wellness industries, today announced that the Company will release its financial results for the fourth quarter and full fiscal year ended May 31, 2026, after the financial markets close on Tuesday, July 28, 2026.

Live Conference Call and Audio Webcast

Tilray will host a live conference call, which will be webcast, to discuss these results at 4:30 PM Eastern Time on the same day. The webcast can be accessed on the Events & Presentations section of Tilray’s Investor Relations website.

About Tilray Brands

Tilray Brands, Inc. (“Tilray”) (Nasdaq: TLRY; TSX: TLRY), is a leading global lifestyle and consumer packaged goods company with operations in Canada, the United States, Europe, Australia, and Latin America that is leading as a transformative force at the nexus of cannabis, beverage, wellness, and entertainment, elevating lives through moments of connection. Tilray’s mission is to be a leading premium lifestyle company with a house of brands and innovative products that inspire joy and create memorable experiences. Tilray’s unprecedented platform supports over 40 brands in over 20 countries, including comprehensive cannabis offerings, hemp-based foods, and craft beverages.

For more information on how we are elevating lives through moments of connection, visit Tilray.com and follow @Tilray on all social platforms.

Contacts:

Investor Relations
[email protected]
[email protected]

Media
[email protected]



Posted on

Aptera Motors Announces Closing of Warrant Inducement Transaction for $5.96 Million in Gross Proceeds

CARLSBAD, Calif., July 13, 2026 (GLOBE NEWSWIRE) — Aptera Motors Corp. (NASDAQ: SEV) (the “Company” or “Aptera”), a solar mobility company advancing ultra-efficient transportation, today announced that it has closed the immediate exercise of warrants, previously issued in March 2026, to purchase up to 2,880,000 shares of its Class B Common Stock at a reduced price of $2.07 per share for gross cash proceeds of approximately $5.96 million before deducting financial advisor fees and other transaction expenses.

In consideration for the immediate cash exercise of the existing warrants, the Company has agreed to issue new, unregistered warrants to purchase up to 4,320,000 shares of Class B Common Stock (the “New Warrants”). The New Warrants will have an exercise price of $2.25 per share, are exercisable beginning six months following their issuance, and will expire five and a half years from the date of issuance.

A.G.P./Alliance Global Partners acted as the exclusive financial advisor to the Company in connection with the transaction.

The Company intends to use the net proceeds from the transaction for working capital, general corporate purposes, and the continued advancement of its validation vehicle manufacturing and testing phases.

The New Warrants and the shares of Class B Common Stock issuable upon exercise of the New Warrants described above are being offered in a private placement under Section 4(a)(2) of the Securities Act of 1933, as amended (the “Securities Act”), and/or Regulation D promulgated thereunder, and have not been registered under the Securities Act or applicable state securities laws. Accordingly, the New Warrants and the underlying shares of Class B Common Stock may not be offered or sold in the United States absent registration with the Securities and Exchange Commission (the “SEC”) or an applicable exemption from such registration requirements. The Company has agreed to file a registration statement with the SEC covering the resale of the shares of Class B Common Stock issuable upon exercise of the New Warrants.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation, or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction.

About Aptera Motors

Aptera Motors Corp. (NASDAQ: SEV) is a solar mobility company driven by a mission to advance the future of efficient transportation. Its flagship vehicle is conceived to be a paradigm-shifting solar electric vehicle that leverages breakthroughs in aerodynamics, material science, and solar technology to pursue new levels of efficiency. As a public benefit corporation, Aptera is committed to building a sustainable business that positively impacts its stakeholders and the environment. Aptera is headquartered in Carlsbad, California.

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 satisfaction of customary closing conditions related to the offering and uncertainties related to the closing and use of proceeds from the offering. These forward-looking statements are made as of the date they were first issued and were based on current expectations, estimates, forecasts and projections as well as the beliefs and assumptions of management. Words such as “expect,” “anticipate,” “should,” “believe,” “hope,” “target,” “project,” “goals,” “estimate,” “potential,” “predict,” “may,” “will,” “might,” “could,” “intend,” “shall” and variations of these terms or the negative of these terms and similar expressions are intended to identify these forward-looking statements.

Forward-looking statements are subject to a number of risks and uncertainties, many of which involve factors or circumstances that are beyond Aptera’s control. Aptera’s actual results could differ materially from those stated or implied in forward-looking statements due to a number of factors, including but not limited to, risks detailed in Aptera’s Annual Report on Form 10-K filed on March 30, 2026, as well as other documents that may be filed by Aptera from time to time with the SEC. The forward-looking statements included in this press release represent Aptera’s views as of the date of this press release. Aptera anticipates that subsequent events and developments will cause its views to change. Aptera undertakes no intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. These forward-looking statements should not be relied upon as representing Aptera’s views as of any date subsequent to the date of this press release.

Media Contact:

[email protected]

Investor Relations:

Aptera Motors Corp.

[email protected]



Posted on

Fortuna Files Feasibility Study Technical Report for the Diamba Sud Gold Project, Senegal

VANCOUVER, British Columbia, July 13, 2026 (GLOBE NEWSWIRE) — Fortuna Mining Corp. (NYSE: FSM | TSX: FVI) is pleased to announce that, in accordance with National Instrument 43-101 –  Standards of Disclosure for Mineral Projects, it has filed a technical report entitled “Diamba Sud Gold Project, Kédougou Region, Senegal”, with an effective date of June 30, 2026  (the “Technical Report”), supporting the results of the Feasibility Study previously announced in Fortuna’s news release dated June 29, 2026.

The Technical Report is available on the Company’s website, and on SEDAR+ and on EDGAR under the Company’s profile.  

About Fortuna Mining Corp.

Fortuna Mining Corp. is a Canadian precious metals mining company with three operating mines and a portfolio of exploration projects in Argentina, Côte d’Ivoire, Guinea, Guyana, and Peru, as well as the Diamba Sud Gold Project in Senegal. Sustainability is at the core of our operations and stakeholder relationships. We produce gold and silver while creating long-term shared value through efficient production, environmental stewardship, and social responsibility. For more information, please visit our website at www.fortunamining.com.

ON BEHALF OF THE BOARD

Jorge A. Ganoza

President, CEO, and Director
Fortuna Mining Corp.

Investor Relations:

Carlos Baca | [email protected] | fortunamining.com | X | LinkedIn | YouTube | Instagram | TikTok

PDF available: http://ml.globenewswire.com/Resource/Download/5a7d2432-f746-4c22-9f0c-08a77e62ebc1



Posted on

Univest Securities, LLC Announces Closing of $4 Million Registered Direct Offering for its Client Haoxi Health Technology Ltd (NASDAQ: HAO)

New York, July 13, 2026 (GLOBE NEWSWIRE) — Univest Securities, LLC (“Univest”), a member of FINRA and SIPC, and a full-service investment bank and securities broker-dealer firm based in New York, today announced the closing of a registered direct offering (the “Offering”) of approximately $4 million for its client Haoxi Health Technology Ltd (NASDAQ: HAO) (the “Company”), a Beijing-headquartered online marketing solution provider in China, specializing in serving healthcare industry advertiser clients.

Under the terms of the securities purchase agreement, the Company has agreed to sell to certain investors an aggregate of approximately $4 million of the Company’s securities, including 10,000,000 Class A ordinary shares (the “Shares”) (or pre-funded warrants in lieu thereof), at an offering price of $0.40 per share in the Offering. The purchase price for the pre-funded warrants is identical to the purchase price for Shares, less the exercise price of $0.33 per share.

The aggregate gross proceeds to the Company were $4 million.

Univest Securities, LLC acted as the sole placement agent.

The registered direct offering was made pursuant to a shelf registration statement on Form F-3 (File No. 333-287686) previously filed by the Company and declared effective by the U.S. Securities and Exchange Commission (the “SEC”) on June 13, 2025. A final prospectus supplement and accompanying prospectus describing the terms of the proposed offering were filed with the SEC and are available on the SEC’s website located at www.sec.gov. Electronic copies of the final prospectus supplement and the accompanying prospectus may be obtained, by contacting Univest Securities, LLC at [email protected], or by calling +1 (212) 343-8888.

This press release does not constitute an offer to sell or the solicitation of an offer to buy, nor will there be any sales of such securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. Copies of the prospectus supplement relating to the registered direct offering, together with the accompanying base prospectus, can be obtained at the SEC’s website at www.sec.gov.

About Univest Securities, LLC

Registered with FINRA since 1994, Univest Securities, LLC provides a wide variety of financial services to its institutional and retail clients globally, including brokerage and execution services, sales and trading, market making, investment banking and advisory, and wealth management. It strives to provide clients with value-added service and focuses on building long-term relationships with its clients. As a prominent name on Wall Street, Univest has successfully raised over $1.8 billion in capital for issuers across the globe since 2019 and has completed approximately 100 transactions spanning a wide array of investment banking services in various industries, including technology, life sciences, industrial, consumer goods, etc. For more information, please visit: www.univest.us.

About Haoxi Health Technology Ltd

Haoxi Health Technology Limited is a Beijing-headquartered online marketing solution provider in China, specializing in serving healthcare industry advertiser clients. The Company’s growth is driven by the rise of news feed ads and the rapid development of the healthcare sector. The Company offers one-stop online marketing solutions, especially in online short video marketing, helping advertisers acquire and retain customers on popular platforms in China, such as Toutiao, Douyin, WeChat, and Sina Weibo. It is dedicated to reducing costs, increasing efficiency, and providing easy online marketing solutions to advertisers. For more information, please visit: https://ir.haoximedia.com/.


Forward-Looking Statements

This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as “may, “will, “intend,” “should,” “believe,” “expect,” “anticipate,” “project,” “estimate” or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company’s expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks, including, but not limited to, the uncertainties related to market conditions and the completion of the initial public offering on the anticipated terms or at all, and other factors discussed in the “Risk Factors” section of the registration statement filed with the SEC. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company’s filings with the SEC, which are available for review at

www.sec.gov

. Univest Securities LLC and the Company undertake no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.

For more information, please contact:

Univest Securities, LLC

Edric Guo

Chief Executive Officer

75 Rockefeller Plaza, Suite 25A
New York, NY 10019
Phone: (212) 343-8888
Email: [email protected]



Posted on

Beneficient Closes $7.44 Million GP Primary Capital Transaction

DALLAS, July 13, 2026 (GLOBE NEWSWIRE) — Beneficient (NASDAQ: BENF) (“Ben” or the “Company”), a technology-enabled platform providing exit opportunities and primary capital solutions and related trust and custody services to holders of alternative assets, today announced it has closed on the financing of a $7.44 million primary capital commitment in Quartus AI Fund II LP (the “Fund”), a fund managed by Quartus Capital Partners LLC (“Quartus”), a New York based investment firm investing in growth stage AI and technology ventures (the “Transaction”). Quartus is led by AI pioneers, technologists, and seasoned operators.

The Transaction reflects continued momentum for the Company’s GP Primary Commitment Program and further execution of its strategy to provide primary capital solutions to qualifying private investment funds, while marking Beneficient’s second GP primary capital transaction this year with an AI-focused fund managed by Quartus. As consideration for the Company’s interest in the Fund, the Fund received approximately $7.44 million in stated value of shares of the Company’s Resettable Convertible Preferred Stock (the “Preferred Stock”), which is convertible at the election of the holder into shares of the Company’s Class A common stock, subject to the terms and conditions of the Transaction documents. The Company’s commitment is structured to scale with the Fund’s total capital commitments, up to $26.25 million if the Fund achieves its target capital commitments of $150 million.

The Transaction is expected to increase the collateral for the Company’s ExAlt loan portfolio by approximately $7.44 million of interests in alternative assets and add approximately $7.44 million of tangible book value attributable to the Company’s stockholders. Fiscal year to date, the Company’s GP primary capital transactions have contributed approximately $17.2 million of aggregate tangible book value attributable to the Company’s stockholders.

“We are pleased to expand our relationship with Quartus by closing this Transaction with a second AI-focused fund that Quartus manages,” said James Silk, Beneficient CEO. “Artificial intelligence continues to be one of the most dynamic and actively expanding areas of the global technology market, and we are excited that our GP Primary Commitment Program provides Beneficient with a pathway to participate in that growth through exposure to differentiated AI-focused private investment funds. The Company will continue to pursue transactions that we believe can drive shareholder value, strengthen the collateral backing our ExAlt loan portfolio, and expand Beneficient’s exposure to high-growth areas of the private markets.”

The Fund is expected to target growth stage AI-based and AI-enabled companies that generate at least $5 million of commercial revenue and have meaningful growth potential. Quartus expects the Fund to pursue a diversified portfolio across high-growth sectors, including HealthTech, EdTech, Physical AI, such as autonomous vehicles, robotics and other AI systems that interact with the physical world, World Models, LegalTech, Logistics, and Safety and Security. Quartus believes the Fund’s focus on more commercially mature companies, together with its diversified sector strategy in a rapidly expanding market, may provide the potential for faster growth and reduced downside risk.

Beneficient’s GP Primary Commitment Program is focused on providing primary capital solutions and financing anchor commitments to general partners during their fundraising efforts while immediately deploying capital into our equity. Through the program, Beneficient seeks to help satisfy the up to $330 billion of potential demand for primary commitments to meet fundraising needs.

Reconciliation of Non-GAAP Financial Measures

The following tables reconcile these non-GAAP financial measures to the most comparable GAAP financial measures as of March 31, 2026, on an actual basis and pro forma assuming the Transaction occurred on March 31, 2026, and pro forma giving effect to the Company’s GP Primary capital transactions completed during this fiscal year.

(dollars in thousands)   Actual   Pro forma – Transaction Pro forma – YTD transactions
Tangible Book Value          
Total equity (deficit)   (189,286 )   (181,842 ) (172,072 )
Less: Goodwill   (9,914 )   (9,914 ) (9,914 )
Plus: Total temporary equity   90,526     90,526   90,526  
Tangible book value   (108,674 )   (101,230 ) (91,460 )
           
    Actual   Pro forma – Transaction Pro forma – YTD transactions
Tangible book value attributable to

public company stockholders 		         
Tangible book value   (108,674 )   (101,230 ) (91,460 )
Less: Tangible book value attributable to Beneficient Holdings noncontrolling interest holders   (108,674 )   (108,674 ) (108,674 )
Tangible book value attributable to Ben’s public company stockholders   —     7,444   17,214  
           
Market Capitalization of Ben’s Class A and Class B common stock as of July 10, 2026 (1)   $50,646        


(1) Based upon the closing price of the Class A common stock as reported by Nasdaq as of market close on July 10, 2026.

About Beneficient

Beneficient (Nasdaq: BENF) – Ben, for short – is on a mission to democratize the global alternative asset investment market by providing traditionally underserved investors − mid-to-high net worth individuals, small-to-midsized institutions and General Partners seeking exit options, anchor commitments and preferred liquidity services for their funds − with solutions that could help them unlock the value in their alternative assets.

Its subsidiary, Beneficient Fiduciary Financial, L.L.C., received its charter under the State of Kansas’ Technology-Enabled Fiduciary Financial Institution (TEFFI) Act and is subject to regulatory oversight by the Office of the State Bank Commissioner.

For more information, visit www.trustben.com or follow us on LinkedIn.

Contacts

Matt Kreps: 214-597-8200, [email protected]

Michael Wetherington: 214-284-1199, [email protected]

Investor Relations: [email protected]

Important Information and Where You Can Find It

This press release may be deemed to be solicitation material in respect of a vote of stockholders to approve the issuance of the Company’s Class A common stock upon conversion of the Preferred Stock. In connection with the requisite stockholder approval, Ben will file with the Securities and Exchange Commission (the “SEC”) a preliminary proxy statement and a definitive proxy statement, which will be sent to the stockholders of Ben, seeking such approvals related to the Transaction.

INVESTORS AND SECURITY HOLDERS OF BEN AND THEIR RESPECTIVE AFFILIATES ARE URGED TO READ, WHEN AVAILABLE, THE PROXY STATEMENT AND ANY OTHER RELEVANT DOCUMENTS FILED OR TO BE FILED WITH THE SEC IN CONNECTION WITH THE TRANSACTION, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THOSE DOCUMENTS, BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT BEN AND THE TRANSACTION. Investors and security holders will be able to obtain a free copy of the proxy statement, as well as other relevant documents filed with the SEC containing information about Ben, without charge, at the SEC’s website (http://www.sec.gov). Copies of documents filed with the SEC by Ben can also be obtained, without charge, by directing a request to Investor Relations, Beneficient, 325 North St. Paul Street, Suite 4850, Dallas, Texas 75201, or email [email protected].

Participants in the Solicitation of Proxies in Connection with Transaction

Ben and certain of its directors, executive officers and employees may be deemed to be participants in the solicitation of proxies in respect of the requisite stockholder approvals under the rules of the SEC. Information regarding Ben’s directors and executive officers is available in its annual report on Form 10-K for the fiscal year ended March 31, 2026, which was filed with the SEC on June 30, 2026 and certain current reports on Form 8-K filed by Ben. Other information regarding the participants in the solicitation of proxies with respect to the Transaction and a description of their direct and indirect interests, by security holdings or otherwise, will be contained in the proxy statement and other relevant materials to be filed with the SEC. Free copies of these documents, when available, may be obtained as described in the preceding paragraph.

Not an Offer of Securities

The information in this communication is for informational purposes only and shall not constitute, or form a part of, an offer to sell or the solicitation of an offer to sell or the solicitation of an offer to buy any securities. The securities that are the subject of the Transaction have not been registered under the Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.

Forward Looking Statements

Except for the historical information contained herein, the matters set forth in this press release are forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include, but are not limited to, statements regarding the Transaction, the expected benefits of the Transaction, the expected increase in collateral for the Company’s ExAlt loan portfolio, the expected addition to tangible book value attributable to the Company’s stockholders, the Fund’s investment strategy and potential performance, growth, and investment risks. The words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intends,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “would” and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements are based on our management’s beliefs, as well as assumptions made by, and information currently available to, them. Because such statements are based on expectations as to future financial and operating results and are not statements of fact, actual results may differ materially from those projected.

Important factors that could cause actual results to differ materially from those expressed in the forward-looking statements include, among others: the ultimate outcome of the Transaction, and the risks, uncertainties, and factors set forth under “Risk Factors” in the Company’s most recent Annual Report on Form 10-K and its subsequently filed Quarterly Reports on Form 10-Q. Forward-looking statements speak only as of the date they are made. The Company assumes no obligation to update forward-looking statements to reflect actual results, subsequent events, or circumstances or other changes affecting such statements except to the extent required by applicable law.

Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and, except as required by law, the Company assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise.



Posted on

Aeroméxico Reports Unaudited Second Quarter 2026 Results

  • Record 2Q Total Revenue of $1.5 billion 
  • Adjusted EBITDAR Margin of 18%
  • Operating Margin of 5%
  • Liquidity

    (


    3)

    to LTM Revenue ratio at 22%

MEXICO CITY, July 13, 2026 (GLOBE NEWSWIRE) — Grupo Aeroméxico S.A.B. de C.V. (NYSE: AERO & BMV: AERO, “Aeroméxico” or the “Company”) today reported unaudited consolidated financial results for the three months ended June 30, 2026 (“2Q26”). These results are based on information available to us as of the date of this earnings release and are not a comprehensive statement of our financial results for the period presented. The Company has used the U.S. dollar, its functional currency, as the presentation currency for its consolidated financial statements. All figures are expressed in millions of U.S. dollars unless otherwise indicated.

Andrés Conesa, Chief Executive Officer stated: “Aeroméxico delivered solid second quarter results amid peak fuel price pressure and June demand shifts associated with the World Cup. Our results were in line with our second-quarter guidance, despite an approximately $30 million fuel headwind. We achieved two record sales weeks during the quarter, including the highest weekly sales in our history,while Premium Revenue Mix reached an all-time high, underscoring the strength of our business model and the power of our brand. Through disciplined capacity and network management, we remained focused on aligning supply with demand while protecting profitability. Even in a challenging macroeconomic environment, we ended the quarter with strong cash balances—consistent with the prior two quarters—without incurring additional financial debt. Looking ahead to the second half of the year, we expect a positive backdrop, driven by improving macroeconomic conditions and healthy demand, resulting in absolute EBITDAR levels above last year (1).”

OPERATING & FINANCIAL HIGHLIGHTS 2Q26

  • Capacity, measured in available seat miles (ASMs), increased by 1.9% year-over-year.
  • Total revenue reached $1.5 billion; a 12.6% increase compared to the same period of 2025.
  • Total fuel expense amounted to $493.8 million, a 79.9% year-over-year increase.
  • Adjusted EBITDAR

    (


    2


    )
     totaled $264.2 million, with a 17.9% margin.
  • Operating income totaled $67.9 million, with a 4.6% margin.
  • Total adjusted net debt to EBITDAR(2) ended the quarter below 2.0x.
  • Liquidity

    (


    3


    )
     totaled $1.2 billion, equivalent to 21.8% of last-twelve-month revenues.

3Q26, 4Q26 & FULL YEAR OUTLOOK

Indicator
 3Q26 Guidance
 4Q26 Guidance
 FY26 Guidance
Total capacity (ASMs) ~ +0.5% to +1.5% ~ +6.5% to +8.0%  ~ +2.0% to +3.0%
Total revenue ~ 1.59 bn to 1.62 bn ~ 1.64 bn to 1.68 bn  ~ 6.05 bn to 6.12 bn
Total revenue YoY ~ +12.0% to +14.0% ~ +14.5% to +16.5%  ~ +13.0% to +14.0%
Adjusted EBITDAR margin ~ 26.5% to 29.5%  ~ 28.0% to 31.0% ~ 24.0% to 26.0%
Operating income margin ~ 14.0% to 17.0% ~ 15.5% to 18.5%  ~ 11.0% to 13.0%


The Company’s outlook for the second half of the year underscores the resilience of its business model. The Company anticipates sustained strength in revenue generation, supported by healthy demand trends and sustained fare levels. A more favorable fuel cost environment is also expected to drive higher absolute levels of EBITDAR and EBIT in the third quarter relative to 2025. Although margins are expected to moderate in the third quarter due to higher revenues, the Company expects margin expansion in the fourth quarter, underpinned by supportive market conditions and accelerated growth from operating leverage. Fourth quarter capacity growth will be supported by increased aircraft utilization across the existing fleet, enabling the Company to capitalize on strong demand while optimizing profitability.

The guidance reflects an average all-in fuel price of approximately USD $3.2 per gallon for the third quarter and USD $3.0 per gallon for the fourth quarter. It also assumes exchange rates of $17.5 Mexican pesos per U.S. dollar for the third quarter and $17.6 Mexican pesos per U.S. dollar for the fourth quarter.

KEY FINANCIAL AND OPERATING HIGHLIGHTS FOR THE
SECOND
QUARTER

  Three months ended June 30 Six months ended June 30
Key Financial Indicators 2026 2025 Var. 2026 2025 Var.
Total revenue (USD millions) 1,479 1,314 12.6% 2,821 2,498 12.9%
Adjusted EBITDAR(2)(USD millions) 264 410 (35.5%) 600 729 (17.7%)
Adjusted EBITDAR margin(2)(% revenue) 17.9% 31.2% (13.3 p.p.) 21.3% 29.2% (7.9 p.p.)
Total operating income (loss) (USD millions) 68 230 (70.5%) 210 372 (43.7%)
Operating margin (% of revenue) 4.6% 17.5% (12.9 p.p.) 7.4% 14.9% (7.5 p.p.)
Key Operating Indicators 2026 2025 Var. 2026 2025 Var.
Total ASMs (millions) 9,256 9,080 1.9% 17,853 17,777 0.4%
Passengers (‘000) 6,014 6,180 (2.7%) 11,805 12,057 (2.1%)
Total revenue / ASM (USD cents) 16.0 14.5 10.5% 15.8 14.1 12.5%
Total cost / ASM (USD cents) 15.3 11.9 28.6% 14.6 11.9 22.6%
Total cost excluding fuel / ASM (USD cents) 10.0 8.9 12.3% 10.1 8.8 14.9%
Foreign Exchange* 2026 2025 Var. 2026 2025 Var.
Average 17.40 19.61 (11.3%) 17.49 20.02 (12.7%)
             
*Source: Company with information from Banxico. Figures may not sum to total due to rounding.



SECOND QUARTER 2026 RESULTS

Income Statement Discussion

Revenue

Total revenue for the second quarter of 2026 reached $1.5 billion, a 12.6% year-over-year increase, setting a new second quarter record for the Company. Revenue growth was driven by resilient demand across the network, despite the temporary moderation observed in June related to World Cup shifts. Performance was further supported by continued progress in revenue initiatives and disciplined pricing actions implemented to mitigate higher fuel costs. The strengthening of the Mexican peso also contributed favorably to revenue performance during the quarter.
Our premium revenue(4) mix reached 43% of passenger-related revenue, 1 p.p. above 2Q25, reflecting sustained customer demand for premium products and ancillary services. Maintaining this revenue mix in a high-yield environment underscores the Company’s ability to capture premium customer demand and demonstrates the effectiveness of its business model.

Capacity increased 1.9% year over year, in line with the Company’s guidance. Consistent with its demand expectations, the Company proactively adjusted capacity throughout the quarter to align with market conditions, prioritizing profitability while maintaining a disciplined approach to network deployment.

Total revenue per Available Seat Mile (“TRASM”) reached 16.0¢, marking a 10.5% year-over-year increase. The upward trend in TRASM was largely attributed to a significant increase in international passenger revenue, and the appreciation of the Mexican peso.

  Three months ended June 30


 		Six months ended June 30
Total revenue
(USD million) 		2026 2025 Var. 2026 2025 Var.
Domestic 521 473 10.2% 1,015 911 11.4%
International 958 841 13.9% 1,806 1,587 13.8%
Total revenue 1,479 1,314 12.6
% 		2,821 2,498 12.9
%
 
Figures may not sum to total due to rounding.



Operating Expenses

In 2Q26, total operating expenses—including fuel, labor, maintenance, passenger and aircraft services, aircraft leases, selling, general and administrative expenses, depreciation and amortization and other expenses—reached $1.4 billion, an increase of 30.3% compared to 2Q25. The increase was primarily driven by elevated fuel costs resulting from global geopolitical events that began in late February, with market prices remaining elevated through the quarter. As a result, fuel expense increased by approximately $219.3 million year-over-year, exceeding our second-quarter guidance by approximately $30 million. Despite this additional fuel headwind, Aeromexico delivered a strong performance, with total revenue increasing by $165.6 million year-over-year. This enabled the Company to recapture approximately 75% of the incremental fuel cost.

Excluding fuel, operating expenses rose 13.4% year over year. The increase primarily reflected three factors: the continued strength of the Mexican peso, inflationary pressures on wages, salaries, and benefits, and higher depreciation and amortization related to fleet growth in 2025.

Fuel cost per gallon

(


5


)
 increased by 79.6% compared to 2Q25, averaging 4.2 USD per gallon in 2Q26 compared to 2.3 USD per gallon in 2Q25. Fuel consumption remained stable year-over-year, while fuel burn per ASM (liters of fuel consumed per ASM) decreased by 1.7%, mainly due to a more efficient fleet mix.

Cost per ASM excluding fuel (CASM-Ex) was 10.0¢ in 2Q26, representing an increase of 12.3% compared to the same period in 2025. This rise was primarily driven by an 11.3% appreciation of the Mexican peso, increased ownership costs attributable to additions to the aircraft fleet in 2025, higher labor expenses associated with inflation-related salary adjustments, and the expansion of international operations.

Adjusted EBITDAR

(


2


)

and Operating Income

Adjusted EBITDAR

(


2


)
 amounted to $264.2 million with a 17.9% margin, in line with the Company’s guidance despite elevated fuel costs and temporary demand shifts associated with the World Cup. Total fuel expense increased by $219.3 year over year, approximately $30.0 million above the level assumed in our second-quarter guidance as market fuel prices remained higher than expected throughout the quarter.

Operating income for the second quarter recorded $67.9 million, representing a 4.6% operating margin, also within the Company’s guidance range.

Net Financing Cost

Net financing costs decreased by 6.5% compared to the same period in 2025, mainly driven by lower net foreign exchange losses. In 2Q26, foreign exchange losses decreased by $25.4 million, while financial expenses increased by $15.9 million, largely reflecting higher interest expenses from lease obligations associated with fleet expansion.

Net Income (Loss)

Net loss in 2Q26 totaled $57.7 million.

BALANCE SHEET AND CASH FLOW

As of June 30, 2026, Aeroméxico reported cash and cash equivalents of $1.0 billion. This is an increase of $114.3 million compared to the same quarter in the previous year and $12.5 million higher than at year-end 2025. These liquidity levels were achieved through strong operating cash generation, without incurring additional financial debt. Including the $200.0 million revolving credit facility secured in 3Q24, total liquidity reached $1.2 billion. This represents a ratio of liquidity to last-twelve-month revenues of 21.8%.

In 2Q26, Aeroméxico generated $362.4 million in net cash from operating activities, which allowed the Company to continue with its investment and deleveraging programs. During the second quarter, the Company repaid $17.1 million of financial debt.

OPERATING FLEET 

During 2Q26, Grupo Aeroméxico received two Boeing 737 MAX-8 and one Boeing 787-9 aircraft. Grupo Aeroméxico’s operating fleet was comprised of 169 aircraft as of June 30, 2026, with an average age of 8.9 years.

Operating Fleet 2Q25 3Q25 4Q25 1Q26 2Q26
B-737-800 34 34 34 34 34
B-737 MAX 8 42 44 45 45 47
B-737 MAX 9 26 28 30 30 30
B-787-8 8 8 8 8 8
B-787-9 14 14 14 15 16
Aeroméxico 124 128 131 132 135
           
E-190 34 34 34 34 34
Aeroméxico Connect 34 34 34 34 34
Grupo Aeroméxico 158 162 165 166 169



Footnotes

(1) The comparison excludes non-recurring items recognized during the year ended December 31, 2025, including $71.1 million of extraordinary income from the sale of the Group’s 50% equity interest in MRO (TechOps) and $4.3 million of non-capitalized administrative expenses related to the Company’s Initial Public Offering (IPO). Accordingly, the 2025 base has been adjusted to exclude these one-time items.
(2) Adjusted EBITDAR, Adjusted Net Debt to EBITDAR, and Adjusted EBITDAR Margin are non-IFRS measures and have limitations as analytical tools, and you should not consider them in isolation, or as a substitute for analysis of the Company’s results as reported under IFRS. See Annex A for the definition of Aeroméxico’s non-IFRS measures and a reconciliation to the nearest IFRS measure.
(3) Liquidity is defined as cash and cash equivalents, and the revolving credit facility.
(4) Premium revenue mix consists of revenue from premium products and services above Basic / Classic coach cabin products. Ratio is calculated based on total passenger revenue.
(5) Equivalent to 1.11 USD per liter in 2Q26 and 62¢ per liter in 2Q25.
   

2Q26 EARNINGS CALL INFORMATION
 
Date Tuesday, July 14, 2026
Time 11:00 a.m. ET (NY) / 9:00 a.m. CT (CDMX)
Webcast Link

https://edge.media-server.com/mmc/p/jid2bv5a/
Participant Listening*

https://register-conf.media-server.com/register/BI4d74077fbc8248da9af220714255acdd

*Participants can complete the online registration form and upon registering will receive the dial-in info and a unique PIN to join the call.


About Grupo Aeroméxico

Grupo Aeroméxico, S.A.B. de C.V. is a holding company whose subsidiaries are engaged in commercial aviation in Mexico and the promotion of passenger loyalty programs. Aeroméxico, Mexico’s global airline, has its main operations center in Terminal 2 of the Mexico City International Airport. Its destination network has reach in Mexico, the United States, Canada, Central America, South America, Asia and Europe. The Group’s current operating fleet includes Boeing 787 and 737 aircraft, as well as the latest generation Embraer 190. Aeroméxico is a founding partner of SkyTeam, an alliance that celebrates 20 years and offers connectivity in more than 170 countries, through the 18 partner airlines. Aeroméxico created and implemented a Health and Hygiene Management System (SGSH) to protect its clients and collaborators at all stages of its operation.


www.aeromexico.com
 / www.skyteam.com


Forward Looking Statements

This press release contains certain forward-looking statements, within the meaning of the Private Securities Litigation Reform Act, that reflect the current views and/or expectations of the Company and its management with respect to its performance, business and future events. We use words such as “believe,” “anticipate,” “plan,” “expect,”, “intend,” “target,” “estimate,” “project,” “predict,” “guidance,” “forecast,” “guideline,” “should” and other similar expressions to identify forward-looking statements, but they are not the only way we identify such statements. Such statements are subject to a number of risks, uncertainties and assumptions. We caution you that a number of important factors could cause actual results to differ materially from the plans, objectives, expectations, estimates and intentions expressed in this release. Important factors that could cause such differences include, but are not limited to: external risks, including health threats, accidents, global instability, security breaches, terrorism and natural disasters; global geopolitical conflicts, particularly those that impact the price of jet fuel; Mexican and international economic conditions, as well as seasonality, on customer travel behavior; the current U.S.’s administration tariffs on the Company’s costs and the actions of other governmental authorities in Mexico, the U.S. and other countries; fuel market volatility; the Company’s capacity to fulfill the Company’s fixed obligations, obtain financing and/or maintain liquidity; the Company’s capacity to retain and attract key personnel and other professionals, and the Company’s labor relations with employees; the Company’s reliance on few aircraft manufacturers and other third-party providers; the Company’s aircraft utilization rate and aircraft maintenance costs; changes in landing charges, airport access fees and inadequate airport infrastructure; consumer protection restrictions; dependence on the Company’s main hub, MEX; air traffic congestion; the competitive environment in the aviation industry, including those arising from non-air travel substitutes; sanctions and compliance with anti-corruption, anti-money laundering, anti-drug trafficking and other ethical rules and standards; reliance on partnerships and alliances and challenges in entering into new ones; and other factors described in “Risk Factors” of the Company’s annual report on Form 20-F filed with the SEC on April 30,2026. Forward-looking statements are based on information available at the time those statements are made and/or management’s good faith belief as of that time with respect to future events. The Company is under no obligation and expressly disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

 
Grupo Aeroméxico, S.A.B. de C.V. and Subsidiaries
 
Consolidated Statements of Profit or Loss and other Comprehensive Income (Unaudited)
 
  Three months ended

June 30 		Six months ended

June 30
 
2026
2025
Var. %
2026
2025
Var. %
Revenues:            
Passenger 1,309 1,186 10.4% 2,521 2,258 11.6%
Air cargo 86 82 5.4% 162 152 6.5%
Other 84 46 83.0% 137 87 57.5%
Total revenue 1,479 1,314 12.6
% 		2,821 2,498 12.9
%
             
Operating expenses:            
Jet-fuel 494 274 79.9% 809 560 44.3%
Wages, salaries and benefits 316 278 13.8% 624 529 17.9%
Maintenance 78 50 55.1% 146 104 41.5%
Aircraft, communications and traffic services 171 148 15.5% 326 284 14.6%
Passenger services 42 38 10.0% 81 71 14.9%
Travel agent commissions 28 23 22.5% 50 44 15.8%
Selling and administrative 92 86 6.5% 180 165 8.6%
Aircraft leasing 4 3 17.7% 8 8 0.9%
Depreciation and amortization 193 180 7.2% 382 353 8.4%
Impairment (reversal) – (4) – – (4) –
Other (income) loss, net (6) 8 – 5 14 (67.5%)
Share of gain on equity accounted investees, net of tax – (2) – – (3) –
Total operating expenses 1,411 1,084 30.3
% 		2,611 2,125 22.8
%
             
Total operating income 68 230 (70.5
%) 		210 372 (43.7
%)
             
Finance income (cost):            
Net finance cost (136) (145) (6.5%) (265) (260) 2.0%
Income before income tax (68) 85 – (55) 112 –
Income tax (benefit) (10) 17 – (8) 22 –
Net income for the period (58
) 		68 – (47
) 		90 –
             

Grupo Aeroméxico, S.A.B. de C.V. and Subsidiaries
 
Earnings per Share (Unaudited)
 
  Three months ended

June 30 		Six months ended

June 30
(In millions of U.S. dollars, except for income per share)
2026
2025
2026
2025
Income for the year (58) 68 (47) 90
Earnings per share from continuing operations        
Basic income per share (US dollars) (0.04) 0.05 (0.03) 0.07
Diluted income per share (US dollars) (0.04) 0.05 (0.03) 0.07
Basic income per ADS (US dollars) (0.40) 0.50 (0.32) 0.66
Diluted income per ADS (US dollars) (0.40) 0.50 (0.32) 0.66
Figures may not sum to total due to rounding.        
 
 
Grupo Aeroméxico, S.A.B. de C.V. and Subsidiaries
 
Consolidated Statements of Financial Position (Unaudited)
 
  (USD Millions)
 
June 30, 2026
December 31, 2025

Assets
 		   
Current assets:    
Cash and cash equivalents 1,037 1,024
Trade and other receivables 764 700
Due from related parties 9 3
Prepayments and deposits 72 78
Inventories 190 174
Total current assets 2,072 1,980
     
Non-current assets:    
Property and equipment, including right-of-use 3,727 3,674
Other non–current assets 1,581 1,539
Total non-current assets 5,308 5,213
Total assets 7,379 7,193
     

Liabilities
 		   
Current liabilities:    
Loans and borrowings, including leases 469 451
Others 2,871 2,645
Total current liabilities 3,340 3,096
Non-current liabilities:    
Loans and borrowings, including leases 3,600 3,604
Others 1,077 1,085
Total non-current liabilities 4,677 4,689
Total liabilities 8,017 7,785
     

Equity
 		   
Total equity (deficit) (638
) 		(592
)
     
Total equity and liabilities 7,379 7,193
     

Figures may not sum to total due to rounding.
 		   
     

Grupo Aeroméxico, S.A.B. de C.V. and Subsidiaries
 
Consolidated Statements of Cash Flows (Unaudited)
 
  Six months ended June 30,

(USD Millions)
 
2026
2025
Var. ($)
Cash flow from operating activities:      
Income for the period (47) 90 (137)
Income tax expense (8) 22 (31)
Depreciation and amortization 382 353 30
Other non-cash adjustments 182 186 (5)
  509 652 (143
)
Changes in current assets & liabilities, net (146) (303) 157
Trade and other receivables (22) 2 (24)
Trade and other payables (59) (202) 142
Air traffic liability 119 81 37
Others, net (7) (27) 19
Interest paid (177) (158) (19)
Net cash from operating activities 362 349 14
Cash flow from investing activities:      
Acquisition of properties and equipment (including major maintenance) (134) (116) (18)
Other investing activities, net (6) 17 (24)
Net cash used in investing activities (141
) 		(99
) 		(42
)
Cash flow from financing activities:      
Payments of lease liabilities (202) (175) (26)
Repayment of loans (17) (45) 28
Other financing activities, net – 25 (25)
Net cash used in financing activities (219
) 		(195
) 		(24
)
Effect of exchange rate fluctuations on cash held 9 25 (16)
Net increase (decrease) in cash and cash equivalents 13 80 (68
)
Cash and cash equivalents:      
At beginning of the period 1,024 842 182
At end of the period 1,037 922 114
 

Figures may not sum to total due to rounding.
 

FINANCIAL AND OPERATIONAL INDICATORS
 
  Three months ended June 30 Six months ended June 30
Financial Indicators 2026 2025 Var. 2026 2025 Var.
Total revenue 1,479 1,314 12.6% 2,821 2,498 12.9%
Passenger revenue 1,309 1,186 10.4% 2,521 2,258 11.6%
Adjusted EBITDAR(1) 264 410 (35.5%) 600 729 (17.7%)
Adjusted EBITDAR margin(1)
(% revenue)		 17.9% 31.2% (13.3 p.p.) 21.3% 29.2% (7.9 p.p.)
Total operating income (loss) 68 230 (70.5%) 210 372 (43.7%)
Operating margin (% of revenue) 4.6% 17.5% (12.9 p.p.) 7.4% 14.9% (7.5 p.p.)
Net income (loss) (58) 68 NA (47) 90 NA
Net income (loss) margin (% of revenue) -3.9% 5.2% (9.1 p.p.) -1.7% 3.6% (5.3 p.p.)
Operating Indicators 2026 2025 Var. 2026 2025 Var.
Total ASMs (millions) 9,256 9,080 1.9% 17,853 17,777 0.4%
Total RPMs (millions) 7,851 7,777 0.9% 15,106 14,935 1.1%
Load factor on scheduled flights (%) 84.9% 85.7% (0.8 p.p.) 84.7% 84.0% 0.7 p.p.
Passengers (‘000) 6,014 6,180 (2.7%) 11,805 12,057 (2.1%)
On-Time departure performance within 15 minutes (%) 89.8% 92.2% (2.4 p.p.) 91.0% 92.0% (1.0 p.p.)
Total liters of fuel (‘000) 444,693 443,893 0.2% 855,667 865,751 (1.2%)
Yield (USD cents)(2) 14.7 13.2 11.4% 14.6 13.3 10.1%
Total revenue / ASM (USD cents) 16.0 14.5 10.5% 15.8 14.1 12.5%
Passenger revenue / ASM (USD cents)(2) 12.5 11.3 10.3% 12.4 11.1 10.9%
Total cost / ASM (USD cents) 15.3 11.9 28.6% 14.6 11.9 22.6%
Total cost excluding fuel / ASM (USD cents) 10.0 8.9 12.3% 10.1 8.8 14.9%
Other Indicators 2026 2025 Var. 2026 2025 Var.
Fuel cost per gallon (USD cents) 4.20 2.34 79.6% 3.58 2.45 46.0%
FX close(3) 17.47 18.89 (7.5%) 17.47 18.89 (7.5%)
FX average(3) 17.40 19.61 (11.3%) 17.49 20.02 (12.7%)
 

Figures may not sum to total due to rounding.


1) Adjusted EBITDAR and Adjusted EBITDAR margin are non-IFRS measures and have limitations as analytical tools, and you should not consider them in isolation, or as a substitute for analysis of the Company’s results as reported under IFRS. See Annex A for the definition of Aeroméxico’s non-IFRS measures and a reconciliation to the nearest IFRS measure.





2) Estimated as passenger revenues (excluding ancillaries) divided by total RPMs.





3) Source: Company with information from Banxico.

 
 


Annex A on Non-IFRS Financial Measures

In addition to disclosing financial results prepared in accordance with IFRS, the Company discloses information regarding Adjusted EBITDAR, Adjusted EBITDAR Margin, Adjusted Net Debt and Net Leverage Ratio, which are non-IFRS measures. The Company believes that these measures are useful indicators of its operational performance. These known performance measurements in the aviation industry are frequently used by investors, stock analysts and others who are interested in comparing the operational performance of companies in their industry.

The Company defines Adjusted EBITDAR as profit or loss for the period before income tax expense (benefit), depreciation and amortization, net finance cost, and impairment (reversal), before aircraft leasing expense, in light of the non-recurring nature of this item. The Company considers Adjusted EBITDAR to be solely a valuation metric, not a performance metric. The Company defines Adjusted EBITDAR Margin as Adjusted EBITDAR divided by total revenue for the period. The Company defines Adjusted Net Debt as total loan and borrowings, including leases, minus cash and cash equivalents. The Company defines Net Leverage Ratio as Adjusted Net Debt Ratio divided by Adjusted EBITDAR for the period.

All of the above-mentioned non-IFRS financial measures have limitations as analytical tools, and you should not consider them in isolation, or as a substitute for analysis of the Company’s results as reported under IFRS. Some of these limitations are: (i) they do not reflect the Company’s cash expenditures, or future requirements for capital expenditures or contractual commitments; (ii) they do not reflect changes in, or cash requirements for, its working capital needs; (iii) they do not reflect the Company’s cash requirements necessary to service interest or principal payments on the Company’s debt; (iv) although depreciation and amortization are non-cash charges, the assets being depreciated and amortized will often have to be replaced in the future, and they do not reflect any cash requirements for such replacements; (v) they do not adjust for all non-cash income or expense items that are reflected in the Company’s consolidated statements of profit or loss and other comprehensive income; (vi) they do not reflect the impact of all non-recurring items; and (vii) other companies in the Company’s industry may calculate these measures, or similarly titled measures, differently than the Company does, limiting their usefulness as comparative measures.

Reconciliations of each of these historical measures, and to the extent applicable, forward-looking measures to the most directly comparable IFRS measure are below. No reconciliation of the forecasted amounts of Adjusted EBITDAR Margin, as incrementally adjusted, and revenue, as incrementally adjusted, for fiscal 2026 is included in this release because we are unable to quantify certain amounts that would be required to be included in the corresponding IFRS measure without unreasonable efforts, due to high variability and complexity with respect to estimating certain forward-looking amounts, and we believe such reconciliation would imply a degree of precision that would be confusing or misleading to investors.

  Three months ended June 30 Six months ended June 30
Adjusted EBITDAR reconciliation 2026 2025 Var. 2026 2025 Var.
Profit (loss) for the period (58) 68 – (47) 90 –
(+) Income tax expense (benefit) (10) 17 – (8) 22 –
(+) Depreciation and amortization(1) 193 180 7.2% 382 353 8.4%
(+) Net finance cost 136 145 (6.5%) 265 260 2.0%
(+) Impairment (reversal) 0 (4) – 0 (4) –
(+) Aircraft leasing(2) 4 3 17.7% 8 8 0.9%
Adjusted EBITDAR

(


3)
 		264 410 (35.5
%) 		600 729 (17.7
%)
 

Figures may not sum to total due to rounding.


1) Depreciation and amortization expense as presented in our profit or loss.
2) Aircraft leasing is comprised of short-term rentals of flight equipment, including subject to PBH period.
3) Adjusted EBITDAR is a non-IFRS measure and has limitations as analytical tools, and you should not consider them in isolation, or as a substitute for analysis of the Company’s results as reported under IFRS.



Adjusted net debt reconciliation As of June 30, 2026 As of December 31, 2025
Total loans and borrowings, including leases 4,069 4,055
(-) Cash and cash equivalents 1,037 1,024
= Adjusted net debt

(


1)
 		3,032 3,031
 

Figures may not sum to total due to rounding.


1) Adjusted Net Debt is a non-IFRS measure and has limitations as an analytical tool, and you should not consider it in isolation, or as a substitute for analysis of the Company’s results as reported under IFRS.



Net leverage ratio reconciliation

(Adjusted net debt / Last twelve months adjusted EBITDAR) 		As of June 30, 2026 As of December 31, 2025
Adjusted net debt(1) 3,032 3,031
Last twelve months adjusted EBITDAR(1) 1,543 1,672
= Net leverage ratio

(


1)
 		1.96x 1.81x
 

Figures may not sum to total due to rounding.


1) Adjusted Net Debt, Adjusted EBITDAR and Net Leverage Ratio are non-IFRS measures and have limitations as analytical tools, and you should not consider them in isolation, or as a substitute for analysis of the Company’s results as reported under IFRS.



CONTACT: Investor Relations  [email protected]
  Corporate Communications [email protected]



Posted on

Precision Drilling Corporation Announces Change to Board

CALGARY, Alberta, July 13, 2026 (GLOBE NEWSWIRE) — Precision Drilling Corporation announced today that Alice Wong has advised the Company that she will step down from the Board of Directors, effective immediately.

Ms. Wong has served as a director since 2024 and has been a member of the Audit Committee, the Human Resources and Compensation Committee, and the Health, Safety, Environment Council.

“We sincerely thank Alice for her dedicated service to the Company and our shareholders,” said Steven W. Krablin, Chairman of the Board. “Throughout her years on our Board, she consistently brought integrity, sound judgment, and a genuine commitment to the long-term success of our Company. We appreciate her contributions and wish her continued success.”

About Precision

Precision is a leading provider of safe and environmentally responsible High Performance, High Value services to the energy industry, offering customers access to an extensive fleet of Super Series drilling rigs. Precision has commercialized an industry-leading digital technology portfolio known as Alpha™ that utilizes advanced automation software and analytics to generate efficient, predictable, and repeatable results for energy customers. Our drilling services are enhanced by our EverGreen™ suite of environmental solutions, which bolsters our commitment to reducing the environmental impact of our operations. Additionally, Precision offers well service rigs, rental equipment and camps all backed by a comprehensive mix of technical support services and skilled, experienced personnel.

Precision is headquartered in Calgary, Alberta, Canada and is listed on the Toronto Stock Exchange under the trading symbol “PD” and on the New York Stock Exchange under the trading symbol “PDS”.

Additional Information

For more information about Precision, please visit our website at www.precisiondrilling.com or contact:

Lavonne Zdunich, CPA, CA
Vice President, Investor Relations
403.716.4500

800, 525 – 8th Avenue S.W.
Calgary, Alberta, Canada T2P 1G1
Website: www.precisiondrilling.com