Qfin Holdings Announces First Quarter 2026 Unaudited Financial Results

SHANGHAI, China, May 26, 2026 (GLOBE NEWSWIRE) — Qfin Holdings, Inc. (NASDAQ: QFIN; HKEx: 3660) (“Qfin Holdings” or the “Company”), a leading AI-empowered Credit-Tech platform in China, today announced its unaudited financial results for the first quarter ended March 31, 2026.

First Quarter 2026 Business Highlights

  • As of March 31, 2026, our platform has connected 167 financial institutional partners and 297.5 million consumers*1 with potential credit needs, cumulatively, an increase of 11.0% from 268.2 million a year ago.
  • Cumulative users with approved credit lines*2 were 64.8 million as of March 31, 2026, an increase of 10.9% from 58.4 million as of March 31, 2025.
  • Cumulative borrowers with successful drawdown, including repeat borrowers was 39.5 million as of March 31, 2026, an increase of 11.0% from 35.5 million as of March 31, 2025.
  • In the first quarter of 2026, financial institutional partners originated 12,925,120 loans*3 through our platform.
  • Total facilitation and origination loan volume*4 was RMB65,034 million, a decrease of 26.8% from RMB88,883 million in the same period of 2025. RMB31,417 million of such loan volume was under capital-light model, Intelligence Credit Engine (“ICE”) and total technology solutions*5, a decrease of 28.3% from RMB43,811 million in the same period of 2025.
  • Total outstanding loan balance*6 was RMB114,387 million as of March 31, 2026, a decrease of 18.5% from RMB140,273 million as of March 31, 2025. RMB55,664 million of such loan balance was under capital-light model, “ICE” and total technology solutions, a decrease of 29.3% from RMB78,681 million as of March 31, 2025.
  • The weighted average contractual tenor of loans originated by financial institutions across our platform in the first quarter of 2026 was approximately 11.3 months, compared with 10.2 months in the same period of 2025.
  • 90 day+ delinquency rate*7 of loans originated by financial institutions across our platform was 3.50% as of March 31, 2026.
  • Repeat borrower contribution*8 of loans originated by financial institutions across our platform for the first quarter of 2026 was 86.8%.

1 Refers to cumulative registered users across our platform.

2 “Cumulative users with approved credit lines” refers to the total number of users who had submitted their credit applications and were approved with a credit line at the end of each period.

3 Including 774,739 loans across “V-pocket”, and 12,150,381 loans across other products.

4 Refers to the total principal amount of loans facilitated and originated during the given period.

5 “ICE” is an open platform primarily on our “Qifu Jietiao” APP (previously known as “360 Jietiao”), we match borrowers and financial institutions through big data and cloud computing technology on “ICE”, and provide pre-loan investigation report of borrowers. For loans facilitated through “ICE”, the Company does not bear principal risk.

Under total technology solutions, we have been offering end-to-end technology solutions to financial institutions based on on-premise deployment, SaaS or hybrid model since 2023.

6 “Total outstanding loan balance” refers to the total amount of principal outstanding for loans facilitated and originated at the end of each period, excluding loans delinquent for more than 180 days.

7 “90 day+ delinquency rate” refers to the outstanding principal balance of on- and off-balance sheet loans that were 91 to 180 calendar days past due as a percentage of the total outstanding principal balance of on- and off-balance sheet loans across our platform as of a specific date. Loans that are charged-off and loans under “ICE” and total technology solutions are not included in the delinquency rate calculation.

8 “Repeat borrower contribution” for a given period refers to (i) the principal amount of loans borrowed during that period by borrowers who had historically made at least one successful drawdown, divided by (ii) the total loan facilitation and origination volume through our platform during that period.

First Quarter 2026 Financial Highlights

  • Total net revenue was RMB3,909.3 million (US$566.7 million), compared to RMB4,092.7 million in the prior quarter.
  • Net income was RMB879.8 million (US$127.5 million), compared to RMB1,016.1 million in the prior quarter.
  • Non-GAAP*9 net income was RMB945.9 million (US$137.1 million), compared to RMB1,070.6 million in the prior quarter.
  • Net income per fully diluted American depositary share (“ADS”) was RMB7.16 (US$1.04), compared to RMB7.82 in the prior quarter.
  • Non-GAAP net income per fully diluted ADS was RMB7.70 (US$1.12), compared to RMB8.23 in the prior quarter.

9 Non-GAAP income from operations, Non-GAAP net income, Non-GAAP net income attributed to the Company, Non-GAAP operating margin, Non-GAAP net income margin and Non-GAAP net income per fully diluted ADS are Non-GAAP financial measures. For more information on these Non-GAAP financial measures, please see the section of “Use of Non-GAAP Financial Measures Statement” and the table captioned “Unaudited Reconciliations of GAAP and Non-GAAP Results” set forth at the end of this press release.

Mr. Haisheng Wu, Chief Executive Officer and Director of Qfin Holdings, commented, “In the first quarter, the industry continued to undergo deep adjustments while regulations tightened further. Yet we withstood the pressure. Through proactive efforts to tighten our credit standards, optimize our loan portfolio, and streamline operations, we demonstrated strong resilience, achieving improved risk performance and other operational metrics. More importantly, as we expand our user base to serve more high-quality customers, we are building a more sustainable business model capable of navigating cycles.

Looking ahead, near-term uncertainties are likely to persist, and industry participants continue to adjust operations to reflect the changing regulatory environment. However, as the industry landscape reshapes, we believe the entire ecosystem of the consumer finance market will become healthier and more efficient, which should be more conducive to our long-term development.

As always, grounded in our fundamental belief in AI, we are committed to transforming the company into an AI-native organization. The leverage effect of AI is redefining our productivity ceiling, and this advantage compounds over time.

As we continue to solidify our domestic loan facilitation business, we remain committed to gradually expand our footprint globally. We are acquiring necessary credentials and making meaningful investments in a few overseas markets. We have started pilot operations in some markets, albeit at small scale. While the initial contribution from overseas business is limited, we believe in its long-term potential and strategic value.”

“Against the backdrop of regulatory tightening, we remained focused on the quality of our business and delivered a solid quarter, underpinned by improved risk performance and operational efficiency. In the first quarter, total net revenue reached RMB3.91 billion, with Non-GAAP net income of RMB945.9 million,” Mr. Alex Xu, Chief Financial Officer, commented. “We generated RMB2.1 billion in cash from operations, while further strengthening our balance sheet through the repurchase of convertible notes. Total cash*10 and short-term investment stood at approximately RMB10.8 billion at the end of the first quarter. Our strong financial position enables us to thrive in this particularly challenging market environment, execute our global expansion roadmap, and return value to shareholders.”

Mr. Yan Zheng, Chief Risk Officer, added, “As we continued to maintain stricter credit standards and the legacy loan portfolio gradually phased out, our asset quality steadily improved in the first quarter and remained stable in recent months. Among key leading indicators, Day-1 delinquency rate*11 was 5.7% in the first quarter, and 30-day collection rate*12 was 85.8%. Given the continuously changing regulatory environment and market dynamic, we will remain vigilant to maintain a tight control of our portfolio quality and strive to position ourselves to be more resilient to potential challenges.”

10 Including “Cash and cash equivalents”, “Restricted cash” and “Security deposit prepaid to third-party guarantee companies”.

11 “Day-1 delinquency rate” is defined as (i) the total amount of principal that became overdue as of a specified date, divided by (ii) the total amount of principal that was due for repayment as of such specified date.

12 “30-day collection rate” is defined as (i) the amount of principal that was repaid in one month among the total amount of principal that became overdue as of a specified date, divided by (ii) the total amount of principal that became overdue as of such specified date.

First Quarter 2026 Financial Results

Total net revenue was RMB3,909.3 million (US$566.7 million), compared to RMB4,690.7 million in the same period of 2025, and RMB4,092.7 million in the prior quarter.

Net revenue from Credit Driven Services was RMB2,957.4 million (US$428.7 million), compared to RMB3,110.9 million in the same period of 2025, and RMB3,432.2 million in the prior quarter.

Loan facilitation and servicing fees-capital heavy were RMB136.2 million (US$19.7 million), compared to RMB429.8 million in the same period of 2025 and RMB200.3 million in the prior quarter. The year-over-year and sequential decreases were primarily due to the decreases in capital-heavy loan facilitation volume.

Financing income

*


13
was RMB2,021.6 million (US$293.1 million), compared to RMB1,817.2 million in the same period of 2025 and RMB2,206.3 million in the prior quarter. The year-over-year increase was primarily due to the growth in the average outstanding balance of on-balance-sheet loans, partially offset by lower interest rates. The sequential decrease was mainly driven by the decline in interest rates on on-balance-sheet loans.

Revenue from releasing of guarantee liabilities was RMB752.6 million (US$109.1 million), compared to RMB778.2 million in the same period of 2025, and RMB916.6 million in the prior quarter. The sequential decrease was mainly due to the decrease in average outstanding balance of off-balance-sheet capital-heavy loans.

Other services fees were RMB47.0 million (US$6.8 million), compared to RMB85.6 million in the same period of 2025, and RMB109.0 million in the prior quarter. The year-over-year and sequential decreases were primarily due to the decline in the late payment fees under the credit driven services.

Net revenue from Platform Services was RMB951.9 million (US$138.0 million), compared to RMB1,579.8 million in the same period of 2025 and RMB660.5 million in the prior quarter.

Loan facilitation and servicing fees-capital light were RMB211.1 million (US$30.6 million), compared to RMB373.7 million in the same period of 2025 and RMB198.9 million in the prior quarter. The year-over-year decrease was primarily due to the decline in the average outstanding balance of capital-light loans. The sequential increase was mainly due to a higher capital-light loan facilitation volume.

Referral services fees were RMB475.7 million (US$69.0 million), compared to RMB1,004.6 million in the same period of 2025 and RMB99.7 million in the prior quarter. The year-over-year decrease was mainly due to the decrease in loan facilitation volume through ICE. The sequential increase was primarily due to the improved take rate under ICE.

Other services fees were RMB265.2 million (US$38.4 million), compared to RMB201.5 million in the same period of 2025 and RMB361.9 million in the prior quarter. The year-over-year and sequential changes reflected the changes in other value-added services under platform services.

Total operating costs and expenses were RMB2,930.5 million (US$424.8 million), compared to RMB2,716.0 million in the same period of 2025 and RMB3,225.3 million in the prior quarter.

Facilitation, origination and servicing expenses were RMB817.3 million (US$118.5 million), compared to RMB714.5 million in the same period of 2025 and RMB745.8 million in the prior quarter. The year-over-year increase was primarily due to higher collection fees.

Funding costs were RMB128.3 million (US$18.6 million), compared to RMB122.7 million in the same period of 2025 and RMB141.4 million in the prior quarter. The year-over-year increase was mainly due to increased funding from ABS, partially offset by lower average ABS issuance costs. The sequential decrease was primarily due to the decrease in funding from ABS.

Sales and marketing expenses were RMB455.9 million (US$66.1 million), compared to RMB591.5 million in the same period of 2025 and RMB550.6 million in the prior quarter. The year-over-year and sequential decreases were primarily due to our prudent approach to overall customer acquisition under the rapidly-changing market environment.

General and administrative expenses were RMB158.6 million (US$23.0 million), compared to RMB196.5 million in the same period of 2025 and RMB142.8 million in the prior quarter. The year-over-year decrease was mainly due to decrease in share-based compensations.

Provision for loans receivable was RMB1,234.7 million (US$179.0 million), compared to RMB823.2 million in the same period of 2025 and RMB1,190.3 million in the prior quarter. The year-over-year increase reflected the Company’s consistent approach in assessing provisions commensurate with its underlying loan profile, partially offset by the decline in loan origination volume of on-balance-sheet loans.

Provision for financial assets receivable was RMB21.0 million (US$3.0 million), compared to RMB39.9 million in the same period of 2025 and RMB46.5 million in the prior quarter. The year-over-year and sequential decreases were mainly due to the decreases in capital-heavy loan facilitation volume and reflected the Company’s consistent approach in assessing provisions commensurate with its underlying loan profile.

Provision for accounts receivable and contract assets was RMB20.4 million (US$3.0 million), compared to RMB68.4 million in the same period of 2025 and RMB70.3 million in the prior quarter. The year-over-year and sequential decreases were primarily due to decline in the loan facilitation volume of off-balance sheet loans.

Provision for contingent liabilities was RMB94.4 million (US$13.7 million), compared to RMB159.3 million in the same period of 2025 and RMB337.7 million in the prior quarter. The year-over-year and sequential decreases were mainly due to the decreases in capital-heavy loan facilitation volume and reflected the Company’s consistent approach in assessing provisions commensurate with its underlying loan profile.

Income from operations was RMB978.9 million (US$141.9 million), compared to RMB1,974.7 million in the same period of 2025 and RMB867.4 million in the prior quarter.

Non-GAAP income from operations was RMB1,045.0 million (US$151.5 million), compared to RMB2,104.3 million in the same period of 2025 and RMB921.9 million in the prior quarter.

Operating margin was 25.0%. Non-GAAP operating margin was 26.7%.

Income before income tax expense was RMB1,140.5 million (US$165.3 million), compared to RMB2,220.2 million in the same period of 2025 and RMB1,152.6 million in the prior quarter.

Income taxes expense was RMB260.7 million (US$37.8 million), compared to RMB423.6 million in the same period of 2025 and RMB136.5 million in the prior quarter.

Net income was RMB879.8 million (US$127.5 million), compared to RMB1,796.6 million in the same period of 2025 and RMB1,016.1 million in the prior quarter.

Non-GAAP net income was RMB945.9 million (US$137.1 million), compared to RMB1,926.2 million in the same period of 2025 and RMB1,070.6 million in the prior quarter.

Net income margin was 22.5%. Non-GAAP net income margin was 24.2%.

Net income attributed to the Company was RMB883.3 million (US$128.1 million), compared to RMB1,800.2 million in the same period of 2025 and RMB1,019.5 million in the prior quarter.

Non-GAAP net income
attributed to the Company was RMB949.4 million (US$137.6 million), compared to RMB1,929.8 million in the same period of 2025 and RMB1,074.0 million in the prior quarter.

Net income per fully diluted ADS was RMB7.16 (US$1.04).

Non-GAAP net income per fully diluted ADS was RMB7.70 (US$1.12).

Weighted average basic ADS used in calculating GAAP net income per ADS was 121.74 million.

Weighted average diluted ADS used in calculating GAAP and non-GAAP net income per ADS was 123.23 million.

Ordinary shares outstanding as of March 31, 2026 was 243,503,768.

13 “Financing income” is generated from loans facilitated through the Company’s platform funded by the consolidated trusts and Fuzhou Microcredit, which charge fees and interests from borrowers.

30 Day+ Delinquency Rate by Vintage and 180 Day+ Delinquency Rate by Vintage

The following charts and tables display the historical cumulative 30 day+ delinquency rates by loan facilitation and origination vintage and 180 day+ delinquency rates by loan facilitation and origination vintage for all loans facilitated and originated through the Company’s platform. Loans under “ICE” and total technology solutions are not included in the 30 day+ charts and the 180 day+ charts:

http://ml.globenewswire.com/Resource/Download/329e4a5c-a4bd-42d8-88b9-41c8fdaf9f6c

http://ml.globenewswire.com/Resource/Download/ae04a1f9-8124-4a1b-b7f1-e6770c7b45d2

Update on Convertible Senior Notes

On March 27, 2025, the Company completed the offering of convertible senior notes in an aggregate principal amount of US$690 million due 2030 (the “2030 Notes”) to certain qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended. The 2030 Notes are general unsecured obligations of the Company and bear interest at a rate of 0.50% per annum, payable semiannually in arrears on April 1 and October 1 of each year, beginning on October 1, 2025.

As of May 26, 2026, the Company had repurchased approximately US$577 million in aggregate principal amount of the 2030 Notes for US$502 million in cash on the open market and in off-market privately negotiated transactions. Approximately US$113 million in aggregate principal amount of the 2030 Notes remained outstanding. The repurchase of the 2030 Notes is expected to enable the Company to reduce its long-term debt obligations and strengthen its balance sheet.

Business Outlook

As macro environment uncertainties and regulatory pressure persist, the Company intends to continue to take a prudent approach in its business planning. As such, for the second quarter of 2026, the Company expects to generate a net income between RMB830 million and RMB910 million and a non-GAAP net income*14 between RMB900 million and RMB980 million, representing a year-on-year decline between 47% and 51%. This outlook reflects the Company’s current and preliminary views, which is subject to material changes.

14 Non-GAAP net income represents net income excluding share-based compensation expenses.

Conference Call Preregistration

Qfin Holdings’ management team will host an earnings conference call at 8:30 PM U.S. Eastern Time on Tuesday, May 26, 2026 (8:30 AM Beijing Time on Wednesday, May 27, 2026).

All participants wishing to join the conference call must pre-register online using the link provided below.

Registration Link: https://s1.c-conf.com/diamondpass/10054802-3gxqu7.html

Upon registration, each participant will receive details for the conference call, including dial-in numbers, conference call passcode and a unique access PIN. Please dial in 10 minutes before the call is scheduled to begin.

Additionally, a live and archived webcast of the conference call will be available on the Investor Relations section of the Company’s website at https://ir.qfin.com.

About Qfin Holdings

Qfin Holdings is a leading AI-empowered Credit-Tech platform in China. By leveraging its sophisticated machine learning models and data analytics capabilities, the Company provides a comprehensive suite of technology services to assist financial institutions and consumers and SMEs in the loan lifecycle, ranging from borrower acquisition, preliminary credit assessment, fund matching and post-facilitation services. The Company is dedicated to making credit services more accessible and personalized to consumers and SMEs through Credit-Tech services to financial institutions.

For more information, please visit: https://ir.qfin.com.

Use of Non-GAAP Financial Measures Statement

To supplement our financial results presented in accordance with U.S. GAAP, we use Non-GAAP financial measure, which is adjusted from results based on U.S. GAAP to exclude share-based compensation expenses. Reconciliations of our Non-GAAP financial measures to our U.S. GAAP financial measures are set forth in tables at the end of this earnings release, which provide more details on the Non-GAAP financial measures.

We use Non-GAAP income from operation, Non-GAAP operating margin, Non-GAAP net income, Non-GAAP net income margin, Non-GAAP net income attributed to the Company and Non-GAAP net income per fully diluted ADS in evaluating our operating results and for financial and operational decision-making purposes. Non-GAAP income from operation represents income from operation excluding share-based compensation expenses. Non-GAAP operating margin is equal to Non-GAAP income from operation divided by total net revenue. Non-GAAP net income represents net income excluding share-based compensation expenses. Non-GAAP net income margin is equal to Non-GAAP net income divided by total net revenue. Non-GAAP net income attributed to the Company represents net income attributed to the Company excluding share-based compensation expenses. Non-GAAP net income per fully diluted ADS represents net income excluding share-based compensation expenses per fully diluted ADS. Such adjustments have no impact on income tax. We believe that Non-GAAP income from operation, Non-GAAP operating margin, Non-GAAP net income, Non-GAAP net income margin, Non-GAAP net income attributed to the Company and Non-GAAP net income per fully diluted ADS help identify underlying trends in our business that could otherwise be distorted by the effect of certain expenses that we include in results based on U.S. GAAP. We believe that Non-GAAP income from operation and Non-GAAP net income provide useful information about our operating results, enhance the overall understanding of our past performance and future prospects and allow for greater visibility with respect to key metrics used by our management in its financial and operational decision-making. Our Non-GAAP financial information should be considered in addition to results prepared in accordance with U.S. GAAP, but should not be considered a substitute for or superior to U.S. GAAP results. In addition, our calculation of Non-GAAP financial information may be different from the calculation used by other companies, and therefore comparability may be limited.

Exchange Rate Information

This announcement contains translations of certain RMB amounts into U.S. dollars at specified rates solely for the convenience of the reader. Unless otherwise noted, all translations from RMB to U.S. dollars are made at a rate of RMB6.8980 to US$1.00, the exchange rate set forth in the H.10 statistical release of the Board of Governors of the Federal Reserve System as of March 31, 2026.

Safe Harbor Statement

Any forward-looking statements contained in this announcement are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. Among other things, the business outlook and quotations from management in this announcement, as well as the Company’s strategic and operational plans, contain forward-looking statements. Qfin Holdings may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (“SEC”), in announcements made on the website of The Stock Exchange of Hong Kong Limited (the “Hong Kong Stock Exchange”), in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including the Company’s business outlook, beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, which factors include but not limited to the following: the Company’s growth strategies, changes in laws, rules and regulatory environments, the recognition of the Company’s brand, market acceptance of the Company’s products and services, trends and developments in the credit-tech industry, governmental policies relating to the credit-tech industry, general economic conditions in China and around the globe, and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks and uncertainties is included in Qfin Holdings’ filings with the SEC and announcements on the website of the Hong Kong Stock Exchange. All information provided in this press release is as of the date of this press release, and Qfin Holdings does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

For more information, please contact:

Qfin Holdings
E-mail: [email protected]

Unaudited Condensed Consolidated Balance Sheets
(Amounts in thousands of Renminbi (“RMB”) and U.S. dollars (“USD”)
except for number of shares and per share data, or otherwise noted)
       
       
  December 31, March 31, March 31,
  2025 2026 2026
  RMB RMB USD
ASSETS      
Current assets:      
Cash and cash equivalents 4,696,817 5,668,317 821,733
Restricted cash 2,844,101 3,936,561 570,682
Short term investments 2,852,254 879,289 127,470
Security deposit prepaid to third-party guarantee companies 325,698 301,909 43,768
Funds receivable from third party payment service providers 848,163 103,681 15,031
Accounts receivable and contract assets, net 950,267 702,643 101,862
Financial assets receivable, net 1,510,205 1,138,334 165,024
Loans receivable, net 34,680,954 30,819,314 4,467,862
Prepaid expenses and other assets 772,999 1,269,069 183,976
Total current assets 49,481,458 44,819,117 6,497,408
Non-current assets:      
Accounts receivable and contract assets, net-noncurrent 21,992 21,000 3,044
Financial assets receivable, net-noncurrent 209,459 127,294 18,454
Loans receivable, net-noncurrent 4,002,159 5,879,567 852,358
Property and equipment, net 636,994 647,935 93,931
Land use rights, net 966,582 961,232 139,349
Intangible assets 10,670 10,298 1,493
Goodwill 45,200 45,184 6,550
Deferred tax assets 1,379,933 1,344,528 194,916
Other non-current assets 195,348 274,199 39,751
Total non-current assets 7,468,337 9,311,237 1,349,846
TOTAL ASSETS 56,949,795 54,130,354 7,847,254
       
LIABILITIES AND EQUITY      
Current liabilities:      
Payable to investors of the consolidated trusts-current 9,922,559 11,127,787 1,613,190
Accrued expenses and other current liabilities 2,935,726 3,540,737 513,299
Short term loans 1,202,891 624,000 90,461
Convertible senior notes-current 1,019,130 792,532 114,893
Guarantee liabilities-stand ready 2,314,865 1,815,677 263,218
Guarantee liabilities-contingent 1,872,149 1,350,205 195,739
Income tax payable 1,083,176 958,919 139,014
Other tax payable 9,333
Total current liabilities 20,359,829 20,209,857 2,929,814
Non-current liabilities:      
Deferred tax liabilities 320,149 367,660 53,300
Payable to investors of the consolidated trusts-noncurrent 9,930,000 7,724,000 1,119,745
Convertible senior notes 1,583,213 772,002 111,917
Other long-term liabilities 599,561 660,567 95,762
Total non-current liabilities 12,432,923 9,524,229 1,380,724
TOTAL LIABILITIES 32,792,752 29,734,086 4,310,538
TOTAL QFIN HOLDINGS, INC EQUITY 24,114,915 24,357,655 3,531,118
Noncontrolling interests 42,128 38,613 5,598
TOTAL EQUITY 24,157,043 24,396,268 3,536,716
TOTAL LIABILITIES AND EQUITY 56,949,795 54,130,354 7,847,254
       
Unaudited Condensed Consolidated Statements of Operations

(Amounts in thousands of Renminbi (“RMB”) and U.S. dollars (“USD”)
except for number of shares and per share data, or otherwise noted)
       
       
  Three months ended March 31,
  2025
2026
2026
  RMB RMB USD
Credit driven services 3,110,866   2,957,409   428,735  
    Loan facilitation and servicing fees-capital heavy 429,775   136,220   19,748  
    Financing income 1,817,221   2,021,611   293,072  
    Revenue from releasing of guarantee liabilities 778,222   752,598   109,104  
    Other services fees 85,648   46,980   6,811  
Platform services 1,579,831   951,923   138,000  
    Loan facilitation and servicing fees-capital light 373,709   211,101   30,603  
    Referral services fees 1,004,622   475,669   68,958  
    Other services fees 201,500   265,153   38,439  
Total net revenue 4,690,697   3,909,332   566,735  
    Facilitation, origination and servicing 714,492   817,266   118,479  
    Funding costs 122,657   128,301   18,600  
    Sales and marketing 591,495   455,923   66,095  
    General and administrative 196,482   158,648   22,999  
    Provision for loans receivable 823,187   1,234,664   178,989  
    Provision for financial assets receivable 39,863   20,954   3,038  
    Provision for accounts receivable and contract assets 68,445   20,362   2,952  
    Provision for contingent liabilities 159,343   94,352   13,678  
Total operating costs and expenses 2,715,964   2,930,470   424,830  
Income from operations 1,974,733   978,862   141,905  
    Interest income, net 67,774   33,985   4,927  
    Foreign exchange gain 2,123   8,387   1,216  
    Fair value change of derivatives   (44,967 ) (6,519 )
    Gain on debt extinguishment   114,850   16,650  
    Other income, net 175,600   49,409   7,163  
Income before income tax expense 2,220,230   1,140,526   165,342  
    Income taxes expense (423,631 ) (260,717 ) (37,796 )
Net income 1,796,599   879,809   127,546  
    Net loss attributable to noncontrolling interests 3,576   3,515   510  
Net income attributable to ordinary shareholders of the Company 1,800,175   883,324   128,056  
Net income per ordinary share attributable to ordinary shareholders of Qfin Holdings, Inc.  
Basic 6.41   3.63   0.53  
Diluted 6.31   3.58   0.52  
       
Net income per ADS attributable to ordinary shareholders of Qfin Holdings, Inc.    
Basic 12.82   7.26   1.06  
Diluted 12.62   7.16   1.04  
       
Weighted average shares used in calculating net income per ordinary share    
Basic 280,958,513   243,488,750   243,488,750  
Diluted 285,237,588   246,466,788   246,466,788  
       
Unaudited Condensed Consolidated Statements of Cash Flows

(Amounts in thousands of Renminbi (“RMB”) and U.S. dollars (“USD”)
except for number of shares and per share data, or otherwise noted)
       
       
  Three months ended March 31,
  2025
2026
2026
  RMB RMB USD
Net cash provided by operating activities 2,805,685   2,097,370   304,055  
Net cash (used in) provided by investing activities (3,240,186 ) 2,407,241   348,977  
Net cash provided by (used in) financing activities 5,449,071   (2,428,600 ) (352,073 )
Effect of foreign exchange rate changes (5,121 ) (12,051 ) (1,748 )
Net increase in cash and cash equivalents 5,009,449   2,063,960   299,211  
Cash, cash equivalents, and restricted cash, beginning of period 6,805,800   7,540,918   1,093,204  
Cash, cash equivalents, and restricted cash, end of period 11,815,249   9,604,878   1,392,415  
       
Unaudited Condensed Consolidated Statements of Comprehensive Income/(Loss)

(Amounts in thousands of Renminbi (“RMB”) and U.S. dollars (“USD”)
except for number of shares and per share data, or otherwise noted)
       
       
  Three months ended March 31,
  2025
2026
2026
  RMB RMB USD
Net income 1,796,599   879,809   127,546  
Other comprehensive income, net of tax of nil:      
Foreign currency translation adjustment (15,362 ) (33,836 ) (4,905 )
Other comprehensive loss (15,362 ) (33,836 ) (4,905 )
Total comprehensive income 1,781,237   845,973   122,641  
Comprehensive loss attributable to noncontrolling interests 3,576   3,515   510  
Comprehensive income attributable to ordinary shareholders 1,784,813   849,488   123,151  
       
Unaudited Reconciliations of GAAP and Non-GAAP Results

(Amounts in thousands of Renminbi (“RMB”) and U.S. dollars (“USD”)
except for number of shares and per share data, or otherwise noted)
       
       
  Three months ended March 31,
  2025
2026
2026
  RMB RMB USD
Reconciliation of Non-GAAP Net Income to Net Income      
Net income 1,796,599   879,809   127,546
Add: Share-based compensation expenses 129,614   66,093   9,581
Non-GAAP net income 1,926,213   945,902   137,127
GAAP net income margin 38.3 % 22.5 %  
Non-GAAP net income margin 41.1 % 24.2 %  
       
Net income attributable to shareholders of Qfin Holdings, Inc. 1,800,175   883,324   128,056
Add: Share-based compensation expenses 129,614   66,093   9,581
Non-GAAP net income attributable to shareholders of Qfin Holdings, Inc. 1,929,789   949,417   137,637
Weighted average ADS used in calculating net income per ordinary share for both GAAP and non-GAAP EPS – diluted 142,618,794   123,233,394   123,233,394
Net income per ADS attributable to ordinary shareholders of Qfin Holdings, Inc. – diluted 12.62   7.16   1.04
Non-GAAP net income per ADS attributable to ordinary shareholders of Qfin Holdings, Inc. – diluted 13.53   7.70   1.12
       
Reconciliation of Non-GAAP Income from operations to Income from operations      
Income from operations 1,974,733   978,862   141,905
Add: Share-based compensation expenses 129,614   66,093   9,581
Non-GAAP Income from operations 2,104,347   1,044,955   151,486
GAAP operating margin 42.1 % 25.0 %  
Non-GAAP operating margin 44.9 % 26.7 %  
       



Agora, Inc. Reports First Quarter 2026 Financial Results

SANTA CLARA, Calif., May 26, 2026 (GLOBE NEWSWIRE) — Agora, Inc. (NASDAQ: API) (the “Company”), a pioneer and leader in conversational AI and real-time engagement technology, today announced its unaudited financial results for the first quarter ended March 31, 2026.

“We are pleased to report another quarter of accelerating growth and our sixth consecutive quarter of GAAP profitability,” said Tony Zhao, Founder, Chairman, and CEO of Agora, Inc. “During the quarter, we enhanced our conversational AI portfolio with the launch of Agent Studio, a no-code platform that enables customers to rapidly build, deploy, and scale voice AI agents, alongside purpose-built agent templates for customer service and outbound marketing. We are seeing robust customer adoption and sustained growth in platform usage. As the market shifts from pilot programs to full-scale production, our decade-long investment in real-time engagement infrastructure positions us as a trusted provider of reliable, high-performance solutions. We remain committed to enabling our customers to deploy conversational AI at scale with ease and confidence.”


First Quarter 2026 Highlights

  • Total revenues for the quarter were $37.7 million, an increase of 13.5% from $33.3 million in the first quarter of 2025.
  • Active Customers as of March 31, 2026 were 3,946, an increase of 3.8% from 3,800 as of March 31, 2025.
  • Dollar-Based Net Retention Rate for the quarter was 99%, compared to 95% in the first quarter of 2025.
  • Net income for the quarter was $1.1 million, compared to $0.4 million in the first quarter of 2025.
  • Total cash, cash equivalents, bank deposits and financial products issued by banks as of March 31, 2026 was $366.1 million.
  • Net cash provided by operating activities for the quarter was $5.7 million (including interest received of $4.6 million), compared to $17.6 million in the first quarter of 2025 (including interest received of $17.8 million).


First Quarter 2026 Financial Results

Revenues

Total revenues were $37.7 million in the first quarter of 2026, an increase of 13.5% from $33.3 million in the same period last year, primarily due to the expansion and usage growth of our real-time engagement service in sectors such as live shopping, social and entertainment, and financial service.

Cost of Revenues

Cost of revenues was $13.8 million in the first quarter of 2026, an increase of 29.9% from $10.6 million in the same period last year, primarily due to increases in bandwidth and server costs and costs related to conversational AI products.

Gross Profit and Gross Margin

Gross profit was $23.9 million in the first quarter of 2026, an increase of 5.7% from $22.6 million in the same period last year. Gross margin was 63.4% in the first quarter of 2026, a decrease of 4.6% from 68.0% in the same period last year, mainly due to product mix changes, including conversational AI products remaining at a sub-scale stage.

Operating Expenses

Operating expenses were $26.4 million in the first quarter of 2026, a decrease of 0.4% from $26.5 million in the same period last year.

  • Research and development expenses were $14.4 million in the first quarter of 2026, an increase of 2.9% from $14.0 million in the same period last year, primarily due to increased investment in conversational AI products.
  • Sales and marketing expenses were $5.9 million in the first quarter of 2026, a decrease of 4.8% from $6.2 million in the same period last year, primarily due to disciplined expense management, including lower personnel and promotion expenses.
  • General and administrative expenses were $6.0 million in the first quarter of 2026, a decrease of 3.4% from $6.2 million in the same period last year, primarily due to a decrease in allowance for current expected credit losses, mainly as a result of improved customer credit conditions and collection outcomes.

Loss from Operations

Loss from operations was $1.6 million in the first quarter of 2026, compared to $3.7 million in the same period last year.

Interest Income

Interest income was $3.4 million in the first quarter of 2026, compared to $3.6 million in the same period last year, primarily due to the decrease in the average principal amount.

Investment (Loss) Income

Investment loss was $0.9 million in the first quarter of 2026, compared to investment income of $0.7 million in the same period last year, primarily due to fair value changes in equity investments.

Net Income per American Depositary Share Attributable to Ordinary Shareholders

Basic and diluted net income per American Depositary Share (“ADS”)1 attributable to ordinary shareholders was $0.01 in the first quarter of 2026, compared to $0.004 in the same period last year.


Share Repurchase Program

During the three months ended March 31, 2026, the Company repurchased approximately 12.5 million of its Class A ordinary shares (equivalent to approximately 3.1 million ADSs) for approximately US$13.1 million under its share repurchase program, representing 6.5% of its US$200 million share repurchase program.

As of March 31, 2026, the Company had repurchased approximately 174.7 million of its Class A ordinary shares (equivalent to approximately 43.7 million ADSs) for approximately US$156.2 million under its share repurchase program, representing 78.1% of its US$200 million share repurchase program.

As of March 31, 2026, the Company had 338.2 million ordinary shares (equivalent to approximately 84.5 million ADSs) outstanding, compared to 449.8 million ordinary shares (equivalent to approximately 112.5 million ADSs) outstanding as of January 31, 2022 before the share repurchase program commenced.

The current share repurchase program will expire at the end of February 2027.


Financial Outlook

Based on currently available information, the Company expects total revenues for the second quarter of 2026 to be between $39.0 million and $40.0 million, representing year-over-year growth of 13.7% to 16.6%. This outlook reflects the Company’s current and preliminary views on the market and operational conditions, which are subject to change.


Earnings Call

The Company will host a conference call to discuss the financial results at 6 p.m. Pacific Time / 9 p.m. Eastern Time on May 26, 2026. Details for the conference call are as follows:
Event title: Agora, Inc. 1Q 2026 Financial Results
The call will be available at https://edge.media-server.com/mmc/p/vbsrxuhv
Investors who want to hear the call should log on at least 15 minutes prior to the broadcast. Participants may register for the call with the link below.
https://register-conf.media-server.com/register/BIdac26bffc0104a0da1dfcd94c16d1908
Please visit the Company’s investor relations website at https://investor.agora.io on May 26, 2026 to view the earnings release and accompanying slides prior to the conference call.


Operating Metrics

The Company also uses other operating metrics included in this press release and defined below to assess the performance of its business.


Active Customers

An active customer at the end of any period is defined as an organization or individual developer from which the Company generated more than $100 of revenue during the preceding 12 months, excluding customers from Easemob. Customers are counted based on unique customer account identifiers. Generally, one software application uses the same customer account identifier throughout its life cycle while one account may be used for multiple applications.


Dollar-Based Net Retention Rate

Dollar-Based Net Retention Rate is calculated by comparing the quarterly revenue from paying customers, excluding revenue from certain end-of-sale products, in the quarter four quarters prior to the most recent quarter to the quarterly revenue from the same set of customers in the most recent quarter. The Company believes Dollar-Based Net Retention Rate facilitates operating performance comparisons on a period-to-period basis.


Safe Harbor Statements

This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical or current fact included in this press release are forward-looking statements, including but not limited to statements regarding the Company’s financial outlook, beliefs, and expectations. Forward-looking statements include statements containing words such as “expect,” “anticipate,” “believe,” “project,” “will,” and similar expressions intended to identify forward-looking statements. Among other things, the Financial Outlook in this announcement contains forward-looking statements. These forward-looking statements are based on the Company’s current expectations and involve risks and uncertainties. The Company’s actual results and the timing of events could differ materially from those anticipated in such forward-looking statements as a result of these risks and uncertainties, which include, without limitation, risks related to the growth of the RTE-PaaS market; the Company’s ability to manage its growth and expand its operations; the Company’s ability to attract new developers and convert them into customers; the Company’s ability to retain existing customers and expand their usage of its platform and products; the Company’s ability to drive popularity of existing use cases and enable new use cases, including through quality enhancements and introduction of new products, features, and functionalities; the Company’s fluctuating operating results; competition; the effect of broader technological and market trends on the Company’s business and prospects; general economic conditions and their impact on customer and end-user demand; and other risks and uncertainties included elsewhere in the Company’s filings with the Securities and Exchange Commission (“SEC”), including, without limitation, the Company’s annual report on Form 20-F for the year ended December 31, 2025 and other filings with the SEC. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. All forward-looking statements are qualified in their entirety by this cautionary statement, and the Company undertakes no obligation to revise or update any forward-looking statements to reflect events or circumstances after the date hereof.


About Agora, Inc.

Agora, Inc. is the holding company of two independent divisions, under the Agora brand and the Shengwang brand, respectively.

Headquartered in Santa Clara, California, Agora is a pioneer and global leader in conversational AI and Real-Time Engagement Platform-as-a-Service (PaaS), providing developers with simple, flexible, and powerful application programming interfaces, or APIs, to embed real-time conversational AI, video, voice, chat, and interactive streaming into their applications.

Headquartered in Shanghai, China, Shengwang is a pioneer and leading conversational AI and Real-Time Engagement PaaS provider in the China market.

For more information on Agora, please visit: www.agora.io
For more information on Shengwang, please visit: www.shengwang.cn

Agora, Inc.
Consolidated Balance Sheets
(Unaudited, in US$ thousands)
  As of   As of
  March 31,   December 31,
  2026   2025
Assets
Current assets:
Cash and cash equivalents 105,068   75,446
Short-term bank deposits 179,036   84,460
Short-term financial products issued by banks 52,000   55,000
Short-term investments 3,585   4,583
Restricted cash 200   200
Accounts receivable, net 24,895   24,867
Prepayments and other current assets 18,290   14,590
Contract assets 125   123
Held-for-sale assets 831   831
Total current assets 384,030   260,100
Property and equipment, net 3,699   3,947
Construction in progress in relation to the headquarters project 96,845   84,239
Operating lease right-of-use assets 1,855   2,145
Intangible assets 17   96
Long-term bank deposits 30,000   160,001
Long-term investments 29,239   29,182
Land use right, net 163,265   161,591
Other non-current assets 15,232   19,798
Total assets 724,182   721,099
Liabilities and shareholders’ equity
Current liabilities:
Accounts payable 10,824   9,638
Advances from customers 8,422   7,906
Taxes payable 621   696
Current operating lease liabilities 1,355   1,521
Payables for construction costs 17,299   16,607
Accrued expenses and other current liabilities 18,809   20,417
Total current liabilities 57,330   56,785
Long-term payable 4   3
Long-term operating lease liabilities 193   399
Deferred tax liabilities   12
Long-term borrowings in relation to the headquarters project 91,125   80,420
Advance in relation to the headquarters project 20,958   20,632
Total liabilities 169,610   158,251
Shareholders’ equity:
Class A ordinary shares 40   39
Class B ordinary shares 8   8
Additional paid-in-capital 1,145,796   1,145,126
Treasury shares, at cost (107,613)   (95,238)
Accumulated other comprehensive loss (7,668)   (9,987)
Accumulated deficit (475,991)   (477,100)
Total shareholders’ equity 554,572   562,848
Total liabilities and shareholders’ equity 724,182   721,099
 

Agora, Inc.
Consolidated Statements of Comprehensive Income (Loss)
(Unaudited, in US$ thousands, except share and per share data)
 
  Three Month Ended March 31,
  2026   2025
Real-time engagement service revenues 37,188   32,673
Real-time engagement on-premise solution and other revenues 557   596
Total revenues 37,745   33,269
Cost of revenues 13,816   10,635
Gross profit 23,929   22,634
Operating expenses:
Research and development 14,421   14,018
Sales and marketing 5,937   6,235
General and administrative 6,023   6,238
Total operating expenses 26,381   26,491
Other operating income 805   154
Loss from operations (1,647)   (3,703)
Exchange gain 255   71
Interest income 3,440   3,635
Interest expense (15)   (5)
Investment (loss) income (851)   689
Income before income taxes 1,182   687
Income taxes (129)   (42)
Income (loss) from equity in affiliates 56   (238)
Net income 1,109   407
Net income attributable to ordinary shareholders 1,109   407
Other comprehensive income (loss):
Foreign currency translation adjustments 2,319   (669)
Total comprehensive income (loss) attributable to ordinary shareholders 3,428   (262)
 
Net income per share attributable to ordinary shareholders, basic and diluted
Basic 0.003   0.001
Diluted 0.003   0.001
Net income per ADS attributable to ordinary shareholders, basic and diluted      
Basic 0.01   0.004
Diluted 0.01   0.004
Weighted-average shares used in computing net income per ADS attributable to ordinary shareholders:
Basic 347,604,568   377,173,029
Diluted 378,375,152   406,087,244
 
Share-based compensation expenses included in:
Cost of revenues 2   47
Research and development expenses 593   1,359
Sales and marketing expenses 123   214
General and administrative expenses 586   328
 

Agora, Inc.
Consolidated Statements of Cash Flows
(Unaudited, in US$ thousands)
  Three Month Ended March 31,
  2026   2025
Cash flows from operating activities:
Net income 1,109   407
Adjustments to reconcile net income to net cash provided by operating activities:
Share-based compensation expenses 1,304   1,948
Allowance for current expected credit losses 802   1,684
Depreciation of property and equipment 370   592
Amortization of intangible assets 80   130
Amortization of land use right 877   849
Deferred tax expense (12)   (20)
Amortization of right-of-use asset and interest on lease liabilities 466   538
Investment loss (income) 851   (689)
(Income) loss from equity in affiliates (56)   238
Losses on disposal of property and equipment 1   1
Changes in assets and liabilities, net of effect of acquisition:
Accounts receivable (637)   2,099
Contract assets   66
Prepayments and other current assets 626   14,817
Other non-current assets (54)   (1,215)
Accounts payable 1,105   (1,520)
Advances from customers 412   313
Taxes payable (81)   (1,018)
Deferred income   111
Operating lease liabilities (547)   (572)
Accrued expenses and other liabilities (924)   (1,182)
Net cash provided by operating activities 5,692   17,577
Cash flows from investing activities:
Purchase of property and equipment (56)   (555)
Purchase of short-term bank deposits (10,000)   (25,077)
Purchase of short-term financial products issued by banks   (10,279)
Proceeds from maturity of short-term bank deposits 45,428   158,327
Proceeds from maturity of short-term financial products issued by banks 3,145   23,013
Proceeds from sales of short-term investments 2  
Purchase of long-term bank deposits   (154,001)
Purchase of construction in progress for the headquarters project (9,357)   (10,281)
Disposal of property and equipment 1   26
Refundable deposit received in relation to disposal of subsidiaries   4,410
Net cash provided by (used in) investing activities 29,163   (14,417)
Cash flows from financing activities:
Proceeds from long-term borrowings 9,393   10,627
Proceeds from exercise of employees’ share options 13   296
Payment of financing cost (1,539)  
Repurchase of Class A ordinary shares (13,304)   (1,241)
Net cash (used in) provided by financing activities (5,437)   9,682
Effect of foreign exchange rate changes on cash, cash equivalents and restricted cash 204   (829)
Net increase in cash, cash equivalents and restricted cash 29,622   12,013
Cash, cash equivalents and restricted cash at beginning of period * 75,646   30,828
Cash, cash equivalents and restricted cash at end of period ** 105,268   42,841
Supplemental disclosure of cash flow information:
Income taxes paid 24   40
Cash payments included in the measurement of operating lease liabilities 547   572
Non-cash financing and investing activities:
Proceeds receivable from exercise of employees’ share options 72   21
Payables for financing cost 1,058  
Payables for property and equipment 33   34
Payables for construction in progress in relation to the headquarters project 8,988   641
Payables for treasury shares, at cost 102   47
 
* Includes restricted cash balance 200   3,745
** includes restricted cash balance 200   230

__________________________

1 One ADS represents four Class A ordinary shares.



Investor Contact:
[email protected]

Media Contact:
[email protected]

Royal London Asset Management Expands Relationship with SS&C to Service New Australian Funds

Royal London Asset Management Expands Relationship with SS&C to Service New Australian Funds

WINDSOR, Conn.–(BUSINESS WIRE)–SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) today announced that Royal London Asset Management, a leading U.K. fund management company, has extended its relationship with SS&C. SS&C Global Investor & Distribution Solutions will provide fund administration and unit registry services for its new range of Australian active funds, including:

  • Royal London Global Equity Diversified Fund

  • Royal London Global Equity Enhanced Fund

  • Royal London Global Equity Select Fund

  • Royal London Short Duration Global High Yield Bond Fund

RLAM is part of Royal London, the U.K.’s largest mutual life, pensions and investment company. SS&C services approximately £72bn in assets under management across its U.K. fund range.

Equity Trustees will serve as the Responsible Entity for RLAM’s new funds, which have launched with around AUD $1 billion in AUM. The unit trusts are structured as feeder funds, providing investors with indirect exposure to RLAM’s range of Dublin-domiciled Undertakings for Collective Investment in Transferable Securities (UCITS) funds.

SS&C will provide its full suite of fund administration services to the funds, including fund accounting, unit pricing, transfer agency, valuation and tax/financial reporting.

“We are thrilled to extend our partnership with SS&C to encompass our new range of Australian funds,” said Ed Venner, Chief Client Officer at Royal London Asset Management. “We’ve been partnering with SS&C for the last three years in the U.K. with positive results. The firm’s global scale and their growing presence in the Australian market made SS&C a natural choice to service our new Australian funds. SS&C’s expertise has streamlined the unit trust launch process for our team, allowing us to focus on building direct relationships with Australian investors and advisers.”

“We are pleased to further our long-term relationship with Royal London Asset Management as they continue developing their distribution model in the growing Australian market,” said Nick Wright, Global Head of SS&C Global Investor & Distribution Solutions.“SS&C has invested significant time and resources in expanding our local team and offerings to best serve fund managers in the region. We are honored RLAM has entrusted us with supporting their new range of Australian funds and look forward to continuing to work with their team.”

The announcement follows a wave of recent Australian growth for SS&C, including a number of client wins and renewals across superannuation and wealth. To support growth in the APAC business, the firm recently hired Chrys Wickremeratne to serve as Regional Head of Fund Accounting. Wickremeratne brings 25 years of experience across Australian financial services, and most recently served as Head of Fund Services for Australia and New Zealand at HSBC.

About Royal London Asset Management

Royal London Asset Management is an integral part of customer-owned mutual, Royal London, and free from short-term shareholder demands.

Managing £199 billion* on behalf of a broad range of clients, Royal London Asset Management is committed to active investment excellence and responsible investing. It works in close partnership with clients to deliver a spectrum of investment solutions to help investors navigate complex market conditions and achieve their financial goals.

*As at 31 December 2025

About SS&C Technologies

SS&C is a global provider of services and software for the financial services and healthcare industries. Founded in 1986, SS&C is headquartered in Windsor, Connecticut, and has offices around the world. More than 23,000 financial services and healthcare organizations, from the world’s largest companies to small and mid-market firms, rely on SS&C for expertise, scale and technology.

SOURCE: SS&C

Additional information about SS&C (Nasdaq: SSNC) is available at www.ssctech.com.

Follow SS&C on X, LinkedIn and Facebook.

Brian Schell | Chief Financial Officer, SS&C Technologies

Tel: +1-816-642-0915 | E-mail: [email protected]

Justine Stone | Investor Relations, SS&C Technologies

Tel: +1-212-367-4705 | E-mail: [email protected]

Media Contacts

Breanna Taylor

Prosek Partners

Email: [email protected]

KEYWORDS: Australia/Oceania United States United Kingdom North America Australia Europe Connecticut

INDUSTRY KEYWORDS: Professional Services Technology Finance Software Fintech Asset Management

MEDIA:

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Pattern to Participate in Upcoming Investor Conferences

Pattern to Participate in Upcoming Investor Conferences

LEHI, Utah–(BUSINESS WIRE)–
Pattern Group Inc. (Nasdaq: PTRN) (“Pattern”), a leader in accelerating brands on global ecommerce marketplaces, announced today that senior management will present and host individual and small group meetings at the following investor conferences:

2026 Evercore Global TMT Conference

Tuesday, June 2, 2026

San Francisco, CA

*Presentation to be webcast live at 3:10pm MT/5:10pm ET

William Blair 46th Annual Growth Stock Conference

Wednesday, June 3, 2026

Chicago, IL

*Presentation to be webcast live at 3:00pm MT/5:00pm ET

A live and archived webcast of the presentations will be available on the Events page of Pattern’s investor relations website at https://investors.pattern.com/.

About Pattern

Pattern accelerates brands on global ecommerce marketplaces leveraging proprietary technology and AI. Utilizing more than 77 trillion data points, sophisticated machine learning and AI models, Pattern optimizes and automates all levers of ecommerce growth for global brands, including advertising, content management, logistics and fulfillment, pricing, forecasting and customer service. Hundreds of global brands depend on Pattern’s ecommerce acceleration platform every day to drive profitable revenue growth across more than 70 global marketplaces — including Amazon, TikTok Shop, Walmart.com, Target.com, eBay, Tmall, JD, and Mercado Libre.

For more information, please visit www.pattern.com.

Media Contact:

Tom Cook

Global Communications

[email protected]

Investor Contact:

Whitney Kukulka

The Blueshirt Group

[email protected]

KEYWORDS: Illinois California Utah United States North America

INDUSTRY KEYWORDS: Technology Marketing Advertising Communications Software Digital Marketing Retail Artificial Intelligence Online Retail

MEDIA:

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Shareholders Elect All Three Director Nominees to the Six Flags Board

Shareholders Elect All Three Director Nominees to the Six Flags Board

CHARLOTTE, N.C.–(BUSINESS WIRE)–
Six Flags Entertainment Corporation (NYSE: FUN), North America’s largest regional amusement park operator, announced today that the Company’s shareholders elected Richard Haddrill, Chieh Huang, and Marilyn Spiegel to the Board of Directors of Six Flags Entertainment Corporation for 3-year terms expiring in 2029.

Shareholders also confirmed the appointment of Deloitte & Touche LLP as the Company’s independent registered public accounting firm and approved an advisory vote on the compensation of the Company’s named executive officers.

“On behalf of the entire Board, we thank our shareholders for their continued trust and support,” said Executive Chairman Richard Haddrill. “We are pleased both Chieh Huang and Marilyn Spiegel are returning as directors for another 3-year term, as the board and executive team work collaboratively on a strategy to drive profitable growth and value creation.”

About Our Newly Elected Directors

Richard Haddrill is the founder and Chief Executive Officer of The Groop, LLC, an investment and advisory company he founded in January 2018. Mr. Haddrill is also the Vice Chairman of Generator Partners, an alternative energy and home electrification company he co-founded in 2024. He previously served as Executive Vice Chairman of Scientific Games Corporation (now Light & Wonder) from December 2014 to February 2018 and as Vice Chairman from February 2018 until August 2020. Prior to that, he served as Chief Executive Officer of Bally Technologies from October 2004 to December 2012 and again from May 2014 until Bally’s acquisition by Scientific Games in November 2014. He also served on Bally’s board of directors from April 2003 until the acquisition, including as chairman from 2012 to 2014. He previously served as Chief Executive Officer of Manhattan Associates, Inc., beginning in October 1999 and later as Vice Chairman through May 2006. Earlier in his career, Mr. Haddrill served as Chief Executive Officer of Powerhouse Technologies, Inc. and as a Partner and Managing Partner at Ernst & Young LLP. Mr. Haddrill earned a B.S. from the University of Michigan.

Chieh Huang is the co-founder and Chief Executive Officer of Pelgo. Prior to Pelgo, he was the President of the World Economic Forum’s Global Collaboration Village. Throughout his career, he has founded and led both public and private companies. Mr. Huang was the Chief Executive Officer of Astro Ape Studios, one of the first mobile social gaming studios. In 2011, Astro Ape was acquired by social gaming pioneer Zynga, and Mr. Huang later became the director of Zynga Mobile NY. More recently, Mr. Huang was co-founder and Chief Executive Officer of Boxed, Inc., where he led the company’s growth from its inception and oversaw investments in technology that enabled Boxed to develop proprietary automation robotics and artificial intelligence software business. Before becoming an entrepreneur, Mr. Huang was a corporate attorney at Proskauer. Mr. Huang is active with several non-profit organizations and serves as an advisory team member of McLaren Racing, with entries in Formula 1, IndyCar and WEC. He received his B.A. in economics at The Johns Hopkins University and holds a J.D. from Fordham School of Law.

Marilyn Spiegel has more than 30 years of experience in the gaming and hospitality industry, including as president of iconic Las Vegas resorts. She served as President of Wynn Las Vegas from December 2010 until her retirement in February 2013 and later returned to serve again as President from January 2019 to September 2021. Prior to her Wynn Las Vegas, from August 2006 to November 2010 Ms. Spiegel served as President of several Harrah’s Entertainment hotel and casino properties, including Bally’s and Paris Las Vegas. In January 2010, her responsibilities expanded to include Planet Hollywood following its acquisition by Harrah’s. Previously, she was the President of Harrah’s Las Vegas & Rio All-Suite Hotel & Casino from January 2004 to July 2006, after having served as the Senior Vice President of Human Resources of Harrah’s Entertainment, now Caesars Entertainment, from June 1999 to December 2003. Ms. Spiegel serves on the board of Invited Clubs, the largest owner and operator of private golf and country clubs in the country. She has also been a member of the board of advisors for Nicholas & Company since 2015 and serves as executive secretary and a board member of Catholic Charities of Southern Nevada and as a board member of the Thomas Spiegel Family Foundation. Ms. Spiegel has a B.A. in marketing and an M.A. degree in education from the University of Utah.

About Six Flags Entertainment Corporation

Six Flags Entertainment Corporation (NYSE: FUN) is North America’s largest regional amusement-resort operator, with 20 amusement parks, 14 water parks and nine resort properties across 13 states in the U.S., Canada, and Mexico. The Company also manages an amusement park in Saudi Arabia. Focused on its purpose of creating FUN, thrills and a lifetime of memories, Six Flags provides immersive entertainment to millions of guests every year with world-class coasters, themed rides, thrilling water parks, resorts and a portfolio of beloved intellectual property such as Looney Tunes®, DC Comics® and PEANUTS®.

Forward-Looking Statements

Some of the statements contained in this news release that are not historical in nature are forward-looking statements within the meaning of the federal securities laws, including Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements as to our expectations, beliefs, goals and strategies regarding the future. Words such as “anticipate,” “believe,” “create,” “expect,” “future,” “guidance,” “intend,” “plan,” “potential,” “seek,” “synergies,” “target,” “will,” “would,” similar expressions, and variations or negatives of these words identify forward-looking statements. However, the absence of these words does not mean that the statements are not forward-looking. Forward-looking statements by their nature address matters that are, to different degrees, uncertain. These forward-looking statements may involve current plans, estimates, expectations and ambitions that are subject to risks, uncertainties and assumptions that are difficult to predict, may be beyond our control and could cause actual results to differ materially from those described in such statements. Although we believe that the expectations reflected in such forward-looking statements are reasonable, we can give no assurance that such expectations will prove to be correct, that our growth and operational strategies will achieve the target results. Important risks and uncertainties that may cause such a difference and could adversely affect attendance at our parks, our future financial performance, and/or our growth strategies, and could cause actual results to differ materially from our expectations or otherwise to fluctuate or decrease, include, but are not limited to: failure to realize the anticipated benefits of the Merger, including difficulty in integrating the businesses of legacy Six Flags and legacy Cedar Fair; failure to realize the expected amount and timing of cost savings and operating synergies related to the Merger; failure to realize the expected amount and timing of benefits related to the sale of parks and undeveloped land; adverse weather conditions; general economic, political and market conditions, including global trade; the impacts of pandemics or other public health crises, including the effects of government responses on people and economies; competition for consumer leisure time and spending or other changes in consumer behavior or sentiment for discretionary spending; unanticipated construction delays or increases in construction or supply costs; changes in capital investment plans and projects; anticipated tax treatment, unforeseen liabilities, future capital expenditures, revenues, expenses, earnings, synergies, economic performance, indebtedness, financial condition, losses, future prospects, business and management strategies for the management, expansion and growth of the Company’s operations; the impact of any potential shareholder activism; failure to attract, motivate and retain qualified domestic and international employees and key personnel; legislative, regulatory and economic developments and changes in laws, regulations, and policies affecting the Company; acts of terrorism or outbreak or escalation of war, hostilities, civil unrest, and other political or security disturbances; and other risks and uncertainties we discuss under the heading “Risk Factors” within our Annual Report on Form 10-K and in the other filings we make from time to time with the Securities and Exchange Commission. Readers are urged not to place undue reliance on these forward-looking statements, which speak only as of the date of this document and are based on information currently and reasonably known to us. We do not undertake any obligation to publicly update or revise any forward-looking statements to reflect future events, information or circumstances that arise after publication of this news release.

This news release and prior releases are available under the News tab at https://investors.sixflags.com

Investor Contact: Michael Russell, [email protected]

KEYWORDS: North Carolina Ohio United States North America

INDUSTRY KEYWORDS: Men Family General Entertainment Consumer Lodging Destinations Vacation Entertainment Travel Theme Parks Specialty Retail Teens Women Parenting Children Other Entertainment

MEDIA:

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Lemonade to Present at Upcoming Investor Conferences

Lemonade to Present at Upcoming Investor Conferences

NEW YORK–(BUSINESS WIRE)–
Lemonade (NYSE: LMND) today announced that Daniel Schreiber, Co-Founder and CEO, and Tim Bixby, Chief Financial Officer, will participate in the following upcoming investor conferences:

  • Baird 2026 Global Consumer, Technology & Services Conference – Tuesday, June 2, 2026. Participation will consist of one-on-one meetings.
  • Piper Sandler Global Exchange & Fintech Conference – Wednesday, June 3, 2026. Participation will include one-on-one meetings and a joint fireside chat with Mr. Schreiber and Mr. Bixby at 11:30 am ET. The fireside chat webcast can be accessed here.
  • Morgan Stanley US Financials Conference – Wednesday, June 10, 2026. Participation will include one-on-one meetings and a joint fireside chat with Mr. Schreiber and Mr. Bixby at 9 am ET. The fireside chat webcast can be accessed here.

Webcast replays will be available approximately two hours after each presentation ends and will remain accessible for three months. Additional information about Lemonade can be accessed at lemonade.com/investor.

About Lemonade

Lemonade offers renters, homeowners, car, pet, and life insurance. Powered by artificial intelligence and social impact, Lemonade’s full stack insurance carriers in the US and the EU replace brokers and bureaucracy with bots and machine learning, aiming for zero paperwork and instant everything. A Certified B-Corp, Lemonade gives unused premiums to nonprofits selected by its community, during its annual Giveback. Lemonade is currently available in the United States, Germany, the Netherlands, France, and the UK, and continues to expand globally.

Follow Lemonade on X and Instagram for updates.

Press contact:

Paul Staats

[email protected]

KEYWORDS: United States North America New York

INDUSTRY KEYWORDS: Technology Professional Services Artificial Intelligence Insurance

MEDIA:

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Genco Shipping & Trading Limited Sets the Record Straight on Numerous Falsehoods in Diana’s Investor Presentation

Diana Continues to Spread Misinformation to Shareholders in Pursuit of Its Agenda to Take Control of Genco on the Cheap

Protect Your Investment and Future Returns

Vote the WHITE Proxy Card FOR Genco’s Highly Qualified Board of Directors

and WITHHOLD on Diana’s Nominees

Genco Reminds Shareholders Not to Tender Their Shares
into Diana’s Inadequate Tender Offer

Presentation and Information on How to Vote Available at 

www.GencoDrivesSuperiorReturns.com

NEW YORK, May 26, 2026 (GLOBE NEWSWIRE) — Genco Shipping & Trading Limited (NYSE:GNK) (“Genco” or the “Company”), the largest U.S. headquartered drybulk shipowner focused on the global transportation of commodities, today released a presentation setting the record straight on the numerous inaccurate statements in the May 19, 2026 investor presentation of Diana Shipping Inc. (“Diana”). Genco’s presentation can be found at www.GencoDrivesSuperiorReturns.com.

Genco issued the following statement:

Diana’s May 19 investor presentation was filled with misleading statements and falsehoods in an effort to advance its agenda to take over Genco on the cheap. Diana’s presentation is nothing more than myths and distortions of the same kind it’s been spreading throughout its entire hostile takeover campaign.

Genco’s presentation addresses many of the unsubstantiated claims, arbitrary metrics and timelines, and apples‑to‑oranges comparisons Diana has made regarding:

    • Diana’s offer​
    • Genco’s performance
    • Genco’s dividends
    • Genco’s executive compensation​
    • Genco’s independent directors​

Shareholders deserve the facts:

    • Genco’s Board is executing our Comprehensive Value Strategy, which is driving returns and creating shareholder value
    • Diana’s offer is inadequate
    • Diana’s offer represents a discount, not a premium, to analyst Net Asset Value (NAV) estimates
    • Genco’s share price has not been affected by Diana’s offer but instead reflects our Comprehensive Value Strategy and a strengthening drybulk market
    • Diana is not to be trusted and is using misleading claims and gamesmanship to influence Genco shareholders
    • Diana is a seller at prices below its own and analysts’ estimates of Genco’s NAV, but not a buyer at any fair price
    • Electing even one of Diana’s unfit, handpicked nominees would put your investment at serious risk

Genco has responded appropriately to Diana at every step of the way dating back to 2024 and remains open to continuing to engage with Diana if Diana provides an offer that appropriately values Genco and adequately rewards all shareholders. Diana’s $23.50 per share offer simply does not meet that standard.

Our Board and management team continue to focus on executing our Comprehensive Value Strategy, which has delivered $7.16 per share in dividends to shareholders, generated outsized shareholder returns of 210%1 and positioned the Company for continued strong dividends and value creation.

We encourage shareholders to read our presentation that fully addresses all of Diana’s falsehoods at: www.GencoDrivesSuperiorReturns.com.

We urge shareholders to protect their investment and vote FOR Genco’s highly qualified Board. We remain confident that Genco’s Board is best positioned to continue creating value for shareholders — well in excess of Diana’s inadequate offer.

Vote the WHITE proxy card “FOR” the reelection of Genco’s six highly qualified directors and according to the Board’s other recommendations, “WITHHOLD” on Diana’s nominees and “AGAINST” Diana’s shareholder proposals.

The Genco Board of Directors continues to recommend that Genco shareholders reject Diana’s wholly inadequate $23.50 tender offer by not tendering their shares.

If you have any questions or require any assistance with voting your shares, please call or email Genco’s proxy solicitor:

MacKenzie Partners, Inc.
Toll Free: 800-322-2885
Email: [email protected]

Jefferies LLC is acting as financial advisor to Genco and Herbert Smith Freehills Kramer (US) LLP and Sidley Austin LLP are serving as legal counsel to Genco. Morgan Stanley & Co. LLC is acting as special advisor to the Board of Directors.

About Genco Shipping & Trading Limited

Genco Shipping & Trading Limited is a U.S. based drybulk ship owning company focused on the seaborne transportation of commodities globally. We transport key cargoes such as iron ore, coal, grain, steel products, bauxite, cement, nickel ore among other commodities along worldwide shipping routes. Our wholly owned high quality, modern fleet of dry cargo vessels consists of the larger Newcastlemax and Capesize vessels (major bulk) and the medium-sized Ultramax and Supramax vessels (minor bulk), enabling us to carry a wide range of cargoes. Genco’s fleet consists of 43 vessels with an average age of 12.6 years and an aggregate capacity of approximately 4,935,000 dwt.

Forward-Looking Statements

This communication contains statements that may constitute forward-looking statements. These statements include, but are not limited to: statements related to the Company’s views and expectations regarding Diana Shipping Inc.’s unsolicited tender offer; any statements relating to the plans, strategies and objectives of management or the Company’s Board for future operations and activities; any statements concerning the expected development, performance, market share or competitive performance relating to products or services; any statements regarding current or future macroeconomic trends or events and the impact of those trends and events on the Company and its financial performance; and any statements of assumptions underlying any of the foregoing. Forward-looking statements can be identified by the fact that they do not relate strictly to historic or current facts and often use words such as “anticipate,” “budget,” “estimate,” “expect,” “project,” “intend,” “plan,” “believe,” and other words and terms of similar meaning in connection with a discussion of potential future events, circumstances or future operating or financial performance. These forward-looking statements are based on our management’s current expectations and observations. Included among the factors that, in our view, could cause actual results to differ materially from the forward looking statements contained in this release are the following: (i) the Company’s plans and objectives for future operations; (ii) that any transaction based on Diana’s non-binding indicative proposal or otherwise may not be consummated at all; (iii) the ability of Genco and its shareholders to recognize the anticipated benefits of any such transaction; (iv) the exercise of the discretion of our Board regarding the declaration of dividends, including without limitation the amount that our Board determines to set aside for reserves under our dividend policy; and (v) other factors listed from time to time in our filings with the SEC, including, without limitation, our Annual Report on Form 10-K for the year ended December 31, 2025 and subsequent reports on Form 8-K and Form 10-Q. Our ability to pay dividends in any period will depend upon various factors, including the limitations under any credit agreements to which we may be a party, applicable provisions of Marshall Islands law and the final determination by the Board of Directors each quarter after its review of our financial performance, market developments, and the best interests of the Company and its shareholders. The timing and amount of dividends, if any, could also be affected by factors affecting cash flows, results of operations, required capital expenditures, or reserves.  As a result, the amount of dividends actually paid may vary. In addition, the forward-looking statements included in this communication represent the Company’s views as of the date of this communication and these views could change. However, while the Company may elect to update these forward-looking statements at some point, the Company specifically disclaims any obligation to do so, other than as required by federal securities laws. These forward-looking statements should not be relied upon as representing the Company’s views as of any date subsequent to the date of this communication.

Important Information for Investors and Shareholders

This communication does not constitute an offer to buy or solicitation of an offer to sell any securities. The Company has filed a solicitation/recommendation statement on Schedule 14D-9 with the SEC (available here). Any solicitation/recommendation statement filed by the Company that is required to be mailed to shareholders will be mailed to shareholders. THE COMPANY’S INVESTORS AND SHAREHOLDERS ARE STRONGLY ENCOURAGED TO READ THE COMPANY’S SOLICITATION/RECOMMENDATION STATEMENT (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO) AND ALL OTHER DOCUMENTS FILED WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION. Investors and shareholders may obtain a copy of the solicitation/recommendation statement on Schedule 14D-9, any amendments or supplements thereto and other documents filed by the Company with the SEC at no charge at the SEC’s website at www.sec.gov. Copies will also be available at no charge by clicking the “SEC Filings” link in the “Financials” section of the Company’s investor relations website at https://investors.gencoshipping.com/, or by contacting Peter Allen as soon as reasonably practicable after such materials are electronically filed with, or furnished to, the SEC.

Important Additional Information and Where to Find It

The Company has filed a definitive proxy statement on Schedule 14A, an accompanying WHITE proxy card, and other relevant documents with the SEC in connection with the solicitation of proxies from the Company’s shareholders for the Company’s 2026 Annual Meeting of Shareholders. THE COMPANY’S SHAREHOLDERS ARE STRONGLY ENCOURAGED TO READ THE COMPANY’S DEFINITIVE PROXY STATEMENT (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO), THE ACCOMPANYING WHITE PROXY CARD, AND ANY OTHER DOCUMENTS FILED OR TO BE FILED WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY BECAUSE THEY CONTAIN IMPORTANT INFORMATION. Shareholders may obtain a free copy of the definitive proxy statement, an accompanying WHITE proxy card, any amendments or supplements to the definitive proxy statement, and other documents that the Company files with the SEC at no charge from the SEC’s website at www.sec.gov. Copies will also be available at no charge by clicking the “SEC Filings” link in the “Financials” section of the Company’s investor relations website at https://investors.gencoshipping.com/.

Investor Contact

Peter Allen
Chief Financial Officer
Genco Shipping & Trading Limited
(646) 443-8550

Media Contact

Leon Berman
IGB Group
(212) 477-8438
[email protected]

____________________________
1 Represents total shareholder return (TSR) since the closing price on April 19, 2021 (the last trading day before Genco publicly announced its Comprehensive Value Strategy).



SRAD Investors Have Opportunity to Lead Sportradar Group AG Securities Fraud Lawsuit

PR Newswire

NEW YORK, May 26, 2026 /PRNewswire/ —

Why: Rosen Law Firm, a global investor rights law firm, announces a class action lawsuit on behalf of purchasers of Class A ordinary shares of Sportradar Group AG (NASDAQ: SRAD) between November 7, 2024 and April 21, 2026, inclusive (the “Class Period”). A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than July 17, 2026.

So What: If you purchased Sportradar Class A ordinary shares during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

What to do next: To join the Sportradar class action, go to https://rosenlegal.com/cases/sportradar-group-ag/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than July 17, 2026. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

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

Details of the case: According to the lawsuit, throughout the Class Period, defendants made false and/or misleading statements and/or failed to disclose that: (1) Sportradar intentionally worked with black-market gambling operators to increase its revenues, despite its assurances of strict legal and regulatory compliance and claims that ethics and integrity were crucial for Sportradar’s operations; (2) Sportradar’s Know-Your-Customer (“KYC”) and compliance processes were not as robust as defendants’ had claimed; and (3) as a result, defendants’ statements about Sportradar’s business, operations, and prospects lacked a reasonable basis. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Sportradar class action, go to https://rosenlegal.com/cases/sportradar-group-ag/join or call Phillip Kim, Esq. toll-free at 866-767-3653 or email [email protected] for information on the class action.

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

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

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

Contact Information:

     Laurence Rosen, Esq.
     Phillip Kim, Esq.
     The Rosen Law Firm, P.A.
     275 Madison Avenue, 40th Floor
     New York, NY 10016
     Tel: (212) 686-1060
     Toll Free: (866) 767-3653
     Fax: (212) 202-3827
     [email protected]
     www.rosenlegal.com

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SOURCE THE ROSEN LAW FIRM, P. A.

Cheniere Partners Announces Pricing of $1 Billion Senior Notes due 2036 and $750 Million Senior Notes due 2056

Cheniere Partners Announces Pricing of $1 Billion Senior Notes due 2036 and $750 Million Senior Notes due 2056

HOUSTON–(BUSINESS WIRE)–
Cheniere Energy Partners, L.P. (“Cheniere Partners”) (NYSE: CQP) announced today that it has priced its previously announced offering of Senior Notes due 2036 (the “CQP 2036 Notes”) and Senior Notes due 2056 (the “CQP 2056 Notes” and, together with the CQP 2036 Notes, the “Notes”). The CQP 2036 Notes will bear interest at a rate of 5.350% per annum and will mature on November 30, 2036, and the CQP 2056 Notes will bear interest at a rate of 6.050% per annum and will mature on November 30, 2056. The CQP 2036 Notes will be issued at a price equal to 99.511% of par and the CQP 2056 Notes will be issued at a price equal to 99.698% of par. The closing of the offering is expected to occur on June 9, 2026.

Cheniere Partners intends to use the proceeds from the offering for general partnership purposes, which may include, among other things, the repayment, refinancing or redemption of its and its subsidiaries’ existing indebtedness (including Sabine Pass Liquefaction, LLC’s 5.00% Senior Secured Notes due 2027 (the “SPL 2027 Notes”)), funding capital expenditures, working capital and other business opportunities. This press release does not constitute an offer to purchase or a solicitation of an offer to sell the SPL 2027 Notes or a notice of redemption under the indenture governing the SPL 2027 Notes. The Notes will rank pari passu in right of payment with the existing senior notes at Cheniere Partners, including the senior notes due 2029, the senior notes due 2031, the senior notes due 2032, the senior notes due 2033, the senior notes due 2034 and the senior notes due 2035.

The offer of the Notes has not been registered under the Securities Act of 1933, as amended (the “Securities Act”), and the Notes may not be offered or sold in the United States absent registration under the Securities Act or an applicable exemption from the registration requirements of the Securities Act. This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale of these securities would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

Forward-Looking Statements

This press release contains certain statements that may include “forward-looking statements.” All statements, other than statements of historical or present facts or conditions, included herein are “forward-looking statements.” Included among “forward-looking statements” are, among other things, (i) statements regarding Cheniere Partners’ financial and operational guidance, business strategy, plans and objectives, including the development, construction and operation of liquefaction facilities, (ii) statements regarding Cheniere Partners’ anticipated quarterly distributions and ability to make quarterly distributions at the base amount or any amount, (iii) statements regarding regulatory authorization and approval expectations, (iv) statements expressing beliefs and expectations regarding the development of Cheniere Partners’ LNG terminal and liquefaction business, (v) statements regarding the business operations and prospects of third-parties, (vi) statements regarding potential financing arrangements, (vii) statements regarding future discussions and entry into contracts, and (viii) statements relating to our goals, commitments and strategies in relation to environmental matters. Although Cheniere Partners believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Cheniere Partners’ actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in Cheniere Partners’ periodic reports that are filed with and available from the Securities and Exchange Commission. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Other than as required under the securities laws, Cheniere Partners does not assume a duty to update these forward-looking statements.

Investors

Randy Bhatia, 713-375-5479

Frances Smith, 713-375-5753

Media Relations

Randy Bhatia, 713-375-5479

Bernardo Fallas, 713-375-5593

KEYWORDS: Texas United States North America

INDUSTRY KEYWORDS: Oil/Gas Energy

MEDIA:

The Standard YouTube Channel Surpasses 100,000 Subscribers

PR Newswire

NEW YORK, May 26, 2026 /PRNewswire/ — Standard Motor Products, Inc. (NYSE: SMP) is proud to share that its Standard Brand YouTube channel has earned the prestigious YouTube Silver Creator Award for surpassing 100,000 subscribers. To qualify for the award, a channel must be active, remain in good standing with YouTube’s guidelines, and pass a manual review for authentic audience growth.

Since the launch of the channel in 2010, Standard® has created and posted over 780 videos which receive millions of views every year. The channel has built a dedicated following of industry professionals by providing helpful technical information, diagnostic and repair tips, and engine-specific content with troubleshooting and installation procedures. Users can also find category-specific playlists for the many product categories that Standard® offers including Ignition Coils, GDI Fuel Injection, Evaporative Emissions and more.

“This is a major milestone for us and certainly could not have happened without the ongoing collaboration between our Marketing Team and Training Department,” stated Aaron Shaffer, Director of Marketing Services at SMP. “Technicians and Parts Professionals have come to see our channel as a valuable resource for technical and product information and we remain committed to providing them with relevant, high-quality content,” Shaffer added.

The Standard Brand YouTube channel can be found here.

About Standard®

Standard® provides unmatched coverage for all import and domestic vehicle applications equipped with gas, hybrid, and electric powertrains. Standard’s line offers premium automotive products in multiple product categories for vehicle systems such as electric, safety, fuel, and ignition. Product categories include Ignition Coils, Sensors, Switches, VVT Components, ADAS Products, TMPS Sensors, Fuel Injection and much more. For additional information, contact an SMP® sales representative or visit StandardBrand.com.

About SMP

With over 100 years in business, Standard Motor Products, Inc. is a leading independent manufacturer and distributor of premium replacement parts in the automotive aftermarket and a custom-engineered solutions provider to vehicle and equipment manufacturers in diverse non-aftermarket end markets. SMP sells its products primarily to retailers, warehouse distributors, original equipment manufacturers and original equipment service part operations in the United States, Canada, Europe, Asia, Mexico and other Latin America countries. For more information, visit SMPcorp.com.

Cision View original content to download multimedia:https://www.prnewswire.com/news-releases/the-standard-youtube-channel-surpasses-100-000-subscribers-302782327.html

SOURCE Standard Motor Products, Inc.