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CoStar Data Shows U.K. Hotel RevPAR on an Upward Trajectory

CoStar Data Shows U.K. Hotel RevPAR on an Upward Trajectory

LONDON–(BUSINESS WIRE)–
The U.K. industry posted improved revenue per available room (RevPAR) in March,according to data from CoStar, a global leading provider of online real estate marketplaces, information and analytics in the property markets.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260501942837/en/

The U.K. industry posted improved revenue per available room (RevPAR) in March

The U.K. industry posted improved revenue per available room (RevPAR) in March

In the first quarter of 2026, the U.K. recorded a 1.2% increase in RevPAR, while occupancy remained flat, supported by events in regional markets including Glasgow, Manchester, Cardiff and Birmingham.

The Barclays UK Consumer Spend Report also showed travel spending fell in March for the first time in five years, with year‑on‑year declines across travel agents, airlines and public transport,” said Cristina Balekjian, principal market analyst at CoStar Europe. “Cancellations of overseas travel plans could boost demand for domestic staycations, as seen over the Easter weekend when demand spiked from Good Friday to Easter Sunday, although rate growth remained challenging.”

Looking ahead, stronger demand from British travellers staying closer to home is expected to support key U.K. tourist destinations, particularly over the summer, while London, which is more reliant on international and long‑haul demand, may face greater challenges than regions driven primarily by domestic travel.

The full analysis can be found here.

For more information about the company and its products and services, please visit www.costargroup.com.

About CoStar Group

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

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

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

This news release includes “forward-looking statements” including, without limitation, statements regarding CoStar’s expectations or beliefs regarding the future. These statements are based upon current beliefs and are subject to many risks and uncertainties that could cause actual results to differ materially from these statements. The following factors, among others, could cause or contribute to such differences: the risk that London occupancy demand is not negatively impacted as increasing demand for short distance travel to other U.K. regions would suggest and the risk that higher demand in U.K. regions other than London due to domestic travel by British travelers does not continue as expected. More information about potential factors that could cause results to differ materially from those anticipated in the forward-looking statements include, but are not limited to, those stated in CoStar’s filings from time to time with the Securities and Exchange Commission, including in CoStar’s Annual Report on Form 10-K for the year ended December 31, 2022 and Forms 10-Q for the quarterly periods ended March 31, 2023, June 30, 2023, and September 30, 2023, each of which is filed with the SEC, including in the “Risk Factors” section of those filings, as well as CoStar’s other filings with the SEC available at the SEC’s website (www.sec.gov). All forward-looking statements are based on information available to CoStar on the date hereof, and CoStar assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Karolina Capova

Senior Media Relations Specialist

[email protected]

KEYWORDS: Europe Ireland United Kingdom

INDUSTRY KEYWORDS: Lodging Commercial Building & Real Estate Destinations Construction & Property Vacation Travel Professional Services Other Consumer Tourist Attractions Data Analytics Consumer

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Linde Reports First-Quarter 2026 Results

Linde Reports First-Quarter 2026 Results

First-Quarter Highlights

  • Sales $8.8 billion, up 8% YoY, underlying sales up 3%

  • Operating profit $2.4 billion, adjusted operating profit $2.6 billion, up 8%

  • Operating profit margin 27.8%; adjusted operating profit margin 30.0%, down 10 basis points YoY

  • EPS $3.98, up 13%; adjusted EPS $4.33, up 10% YoY

  • First-quarter operating cash flow of $2.2 billion, up 4% YoY

  • Full-year 2026 adjusted EPS guidance of $17.60 – $17.90 representing 7% to 9% growth

WOKING, England–(BUSINESS WIRE)–
Linde plc (Nasdaq: LIN) today reported first-quarter 2026 net income of $1,857 million and diluted earnings per share of $3.98, up 11% and up 13%, respectively. Excluding Linde AG purchase accounting impacts and cost reduction program and other charges, adjusted net income was $2,019 million, up 7% versus prior year. Adjusted earnings per share was $4.33, 10% above prior year.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260501117311/en/

Linde’s sales for the first quarter were $8,781 million, up 8% versus prior year including 5% favorable currency impact. Compared to prior year, underlying sales increased 3% from 2% price attainment and 1% volumes, primarily from project start-ups. Acquisitions increased sales by 1%.

First-quarter operating profit was $2,439 million. Adjusted operating profit of $2,630 million was up 8% versus prior year led by higher price and continued productivity initiatives across all segments. Adjusted operating profit margin was 30.0%.

First-quarter operating cash flow of $2,240 million increased 4% versus prior year. After capital expenditures of $1,342 million, free cash flow was $898 million. During the quarter, the company returned $1,545 million to shareholders through dividends and stock repurchases, net of issuances.

Commenting on the financial results and business outlook, Chief Executive Officer Sanjiv Lamba said, “Linde employees delivered another solid quarter with 10% EPS growth, 30% operating margin and 24% return on capital under increasingly challenging global conditions. These results underscore the resiliency of our operating model, discipline of capital allocation and perseverance of management actions.”

Lamba continued, “Looking ahead, I’m confident the Linde team will continue to create shareholder value in any environment.”

For the second quarter of 2026, Linde expects adjusted diluted earnings per share in the range of $4.40 to $4.50, up 8% to 10% versus prior-year quarter or 7% to 9% when excluding estimated favorable currency of 1%.

For the full year 2026, the company expects adjusted diluted earnings per share to be in the range of $17.60 to $17.90, up 7% to 9%, assuming favorable currency of 1%. Full-year capital expenditures are expected to be in the range of $5.0 billion to $5.5 billion to support growth and maintenance requirements including the $7.1 billion contractual sale of gas project backlog.

First-Quarter 2026 Results by Segment

Americas sales of $4,025 million were up 10% versus prior year. Compared with first quarter 2025, underlying sales increased 6%, driven by 4% higher pricing and 2% higher volumes, primarily in the electronics, manufacturing and metals and mining end markets. Operating profit of $1,272 million was 31.6% of sales, 60 basis points above prior year.

APAC (Asia Pacific) sales of $1,701 million were up 11% versus prior year. Compared with first quarter 2025, underlying sales increased 6%, driven by 6% volumes primarily in the electronics, and chemicals and energy end markets and project startups. Operating profit of $477 million was 28.0% of sales, 130 basis points below prior year.

EMEA (Europe, Middle East & Africa) sales of $2,171 million were up 7% versus prior year. Compared with first quarter 2025, underlying sales decreased 2%, driven by 1% higher pricing and 3% lower volumes, primarily in the chemicals and energy and manufacturing end markets. Operating profit of $784 million was 36.1% of sales, 60 basis points above prior year.

Linde Engineering sales were $517 million, down 8% versus prior year, and operating profit was $101 million or 19.5% of sales. Order intake for the quarter was $640 million and third-party sale of equipment backlog was $2.8 billion.

Earnings Call

A teleconference on Linde’s first-quarter 2026 results is being held today at 9:00 am EDT.

Live conference call

US Toll-Free Dial-In Number: 1 888 770 7292

UK Toll-Free Dial-In Number: 0800 358 0970

Access code: 6877110

Live webcast (listen-only)

https://www.linde.com/investors/financial-reports

Materials to be used in the teleconference are also available on the website.

About Linde

Linde is a leading global industrial gases and engineering company with 2025 sales of $34 billion. We live our mission of making our world more productive every day by providing high-quality solutions, technologies and services which are making our customers more successful and helping to sustain, decarbonize and protect our planet. Linde serves a variety of end markets such as chemicals & energy, food & beverage, electronics, healthcare, manufacturing, metals and mining. Linde’s industrial gases and technologies are used in countless applications, enabling space exploration and launch technologies, delivering ultra-high-purity and specialty gases for semiconductor manufacturing, providing life-saving medical oxygen and enabling clean hydrogen production and carbon capture to reduce greenhouse gas emissions. Linde also delivers state-of-the-art gas processing solutions to support customer growth, efficiency improvements and emissions reductions.

For more information about the company and its products and services, please visit www.linde.com

Adjusted amounts, free cash flow and return on capital are non-GAAP measures. See the attachments for a summary of non-GAAP reconciliations and calculations for adjusted amounts.

Attachments: Summary Non-GAAP Reconciliations, Statements of Income, Balance Sheets, Statements of Cash Flows, Segment Information and Appendix: Non-GAAP Measures and Reconciliations.

*Note: We are providing adjusted earnings per share (“EPS”) guidance for 2026. This is a non-GAAP financial measure that represents diluted earnings per share from continuing operations (a GAAP measure) but excludes the impact of certain items that we believe are not representative of our underlying business performance, such as cost reduction and other charges, and the impact of other potentially significant items. Given the uncertainty of timing and magnitude of such items, we cannot provide a reconciliation of the differences between the non-GAAP adjusted EPS guidance and the corresponding GAAP EPS measure without unreasonable effort.

Forward-looking Statements

This document contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are identified by terms and phrases such as: anticipate, believe, intend, estimate, expect, continue, should, could, may, plan, project, predict, will, potential, forecast, and similar expressions. They are based on management’s reasonable expectations and assumptions as of the date the statements are made but involve risks and uncertainties. These risks and uncertainties include, without limitation: the performance of stock markets generally; developments in worldwide and national economies and other international events and circumstances, including trade conflicts and tariffs; changes in foreign currencies and in interest rates; the cost and availability of electric power, natural gas and other raw materials; the ability to achieve price increases to offset cost increases; catastrophic events including natural disasters, epidemics, and acts of war and terrorism; the ability to attract, hire, and retain qualified personnel; the impact of changes in financial accounting standards; the impact of changes in pension plan liabilities; the impact of tax, environmental, healthcare and other legislation and government regulation in jurisdictions in which the company operates; the cost and outcomes of investigations, litigation and regulatory proceedings; the impact of potential unusual or non-recurring items; continued timely development and market acceptance of new products and applications; the impact of competitive products and pricing; future financial and operating performance of major customers and industries served; the impact of information technology system failures, network disruptions and cybersecurity breaches; and the effectiveness and speed of integrating new acquisitions into the business. These risks and uncertainties may cause future results or circumstances to differ materially from adjusted projections, estimates or other forward-looking statements.

Linde plc assumes no obligation to update or provide revisions to any forward-looking statement in response to changing circumstances. The above listed risks and uncertainties are further described in Item 1A. Risk Factors in Linde plc’s Form 10-K for the fiscal year ended December 31, 2025 filed with the SEC on February 25, 2026 which should be reviewed carefully. Please consider Linde plc’s forward-looking statements in light of those risks.

Anna Davies

Director

External Communications

Linde plc

Forge, 43 Church Street West, Woking, Surrey, GU21 6HT, United Kingdom

Phone: +44 1483 244705, Mobile: +44 7789637174

[email protected]

www.linde.com

KEYWORDS: United Kingdom Europe

INDUSTRY KEYWORDS: Engineering Chemicals/Plastics Technology Oil/Gas Manufacturing Other Technology Energy

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LyondellBasell completes sale of select European strategic assessment assets

Transaction with AEQUITA advances company’s portfolio realignment

ROTTERDAM, Netherlands, May 01, 2026 (GLOBE NEWSWIRE) — LyondellBasell (NYSE: LYB) today announced that it has successfully completed the sale of select European olefins and polyolefins assets, and the associated business and corporate functions, to AEQUITA as a key milestone in the company’s European strategic assessment. The transaction follows completion of required employee information and consultation processes and satisfaction of customary regulatory and closing conditions.

The divestiture supports the company’s strategy to grow and upgrade the core by further concentrating on assets and businesses with durable competitive advantages and stronger long-term returns, while enhancing financial flexibility and supporting disciplined capital allocation.

The assets sold in the transaction are located in Berre (France), Münchsmünster (Germany), Carrington (UK), and Tarragona (Spain). LYB will continue to operate its Advanced Polymer Solutions (APS) business in Tarragona.

“This transaction represents a pivotal achievement in our transformation,” said Peter Vanacker, chief executive officer of LyondellBasell. “By finalizing this sale, we have refined our portfolio and enhanced our capacity to allocate capital toward high-return opportunities that contribute to long-term value creation.” 

Vanacker added, “Europe remains an integral market for LYB; we will continue to invest where value creation is strong, reinforcing our leadership in specialty polymers, building a profitable Circular & Low Carbon Solutions business, and advancing our leadership in technology and innovation. We extend our gratitude to our colleagues transferring as part of this transaction for their contributions, professionalism, and resilience throughout the process. As they transition to a standalone business under AEQUITA ownership, we wish them and the new company success in the next chapter ahead.” 

Following today’s closing, the divested business will be named and operated as Velogy. 

“This closing marks an important step in building a scaled and competitive European polymers platform, a sector where we see strong fundamentals and attractive long-term value creation potential,” said Dr.-Ing. Axel Geuer, AEQUITA-Founder and Chairman. “We thank LyondellBasell for the constructive collaboration throughout the process and are excited to begin the next step of partnering with Velogy’s employees to reinforce and further enhance the Company’s leading services to customers and suppliers.”

LYB remains committed to operating its remaining assets safely and reliably and to continuing to serve customers and partners with the same high standards. 

Advisors 
Citi and J.P. Morgan Securities LLC acted as financial advisors, and Linklaters LLP acted as legal counsel to LyondellBasell.

About LyondellBasell 
We are LyondellBasell (NYSE: LYB) ― a leader in the global chemical industry creating solutions for everyday sustainable living. Through advanced technology and focused investments, we are enabling a circular and low carbon economy. Across all we do, we aim to unlock value for our customers, investors, and society. As one of the world’s largest producers of polymers and a leader in polyolefin technologies, we develop, manufacture and market high-quality and innovative products for applications ranging from sustainable transportation and food safety to clean water and quality healthcare. For more information, please visit www.lyondellbasell.com or follow @LyondellBasell on LinkedIn.

About AEQUITA 
AEQUITA is a Munich-based industrial group investing in corporate carve-outs, succession situations, and transformational opportunities across Europe, North America, and Asia. Its portfolio companies generate more than EUR 10 billion in revenues across three segments — automotive, chemicals, and industrials — and employ over 19,000 people worldwide. Backed by a strong capital base and deep operational expertise, AEQUITA acquires and sustainably develops companies with long-term value creation potential. For more information, visit www.aequita.com.

Media Inquiries LYB Global 
LyondellBasell Media Relations 
Phone: +1-713-309-7575 
Email: [email protected]
Or: 
Media Inquiries LYB Europe 
Esther Clason, Communications EMEAI 
Phone: +31 6 388 269 30 
Email: [email protected]

Media Inquiries AEQUITA SE & Co. KGaA 
Kolja Hübner, Partner 
Gabrielenstr. 9, 80636 Munich 
Phone: +49 89 2620 4840-0
Email: [email protected] 

Forward-Looking Statements LYB 
The statements in this release relating to matters that are not historical facts are forward-looking statements. Actual results could differ materially based on factors including, but not limited to, our ability to align our asset base with our strategic goals; our ability to create long-term value for our stakeholders; and our ability to build a profitable Circular & Low Carbon Solutions business. Additional factors that could cause results to differ materially from those described in the forward-looking statements can be found in the “Risk Factors” section of our Form 10-K for the year ended December 31, 2025, which can be found at www.LyondellBasell.com on the Investors page and on the Securities and Exchange Commission’s website at www.sec.gov. There is no assurance that any of the actions, events or results of the forward-looking statements will occur, or if any of them do, what impact they will have on our results of operations or financial condition. Forward-looking statements speak only as of the date they were made and are based on the estimates and opinions of management of LyondellBasell at the time the statements are made. LyondellBasell does not assume any obligation to update forward-looking statements should circumstances or management’s estimates or opinions change, except as required by law. 



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Magna Announces Strong First Quarter Results; Maintains Positive Outlook for 2026

Highlights
(1)

Delivered strong first-quarter 2026 results, reflecting sales growth, disciplined execution, and improved operating performance.

  • Sales increased 3% to $10.4 billion, despite a 7% decline in global light vehicle production
  • Income from operations before income taxes was $87 million, including a $485 million loss on assets held for sale related to the announced dispositions of our Lighting and Rooftop Systems businesses within Power & Vision
  • Adjusted EBIT increased 58% to $558 million, with Adjusted EBIT margin expanding 190 basis points to 5.4%
  • Diluted loss per share was $0.04; Adjusted EPS increased 77% to $1.38
  • Returned $575 million to shareholders through share repurchases and dividends
  • 2026 Outlook largely unchanged

AURORA, Ontario, May 01, 2026 (GLOBE NEWSWIRE) — Magna International Inc. (TSX: MG; NYSE: MGA) today reported financial results for the first quarter ended March 31, 2026.

Please click HERE for full first quarter MD&A and Financial Statements.

“We delivered a strong start to 2026, driven by disciplined execution, margin expansion and robust free cash flow generation.
Our actions to further refine our portfolio, including the announced dispositions within Power & Vision, reinforce our focus on long-term value creation.

As we move forward, we are maintaining our positive 2026 outlook, and our priorities remain clear: expanding margins, generating strong free cash flow and returning capital to shareholders, while navigating a dynamic global environment.”

– Swamy Kotagiri, Magna’s Chief Executive Officer

        THREE MONTHS ENDED
        March 31, 2026   March 31, 2025

Reported

          
Sales     $ 10,381     $ 10,069  
Income from operations before income taxes       87       225  
Net (loss) income attributable to Magna International Inc.       (12 )     146  
Diluted (loss) earnings per share       (0.04 )     0.52  
             

Non-GAAP Financial Measures

(1)
          
Adjusted EBIT     $ 558     $ 354  
Adjusted EPS       1.38       0.78  
Free Cash Flow       372       (313 )

All results are reported in millions of U.S. dollars, except per share figures, which are in U.S. dollars
(1) Adjusted EBIT, Adjusted EPS, and Free Cash Flow are Non-GAAP financial measures that have no standardized meaning under U.S. GAAP, and as a result may not be comparable to the calculation of similar measures by other companies. Further information and a reconciliation of these Non-GAAP financial measures is included in the back of this press release.



THREE MONTHS ENDED MARCH 31, 2026

We posted sales of $10.4 billion for the first quarter of 2026, an increase of 3% over the first quarter of 2025. The higher sales largely reflects:

  • the net strengthening of foreign currencies against the U.S. dollar, which increased reported U.S. dollar sales by $520 million; and
  • the launch of new programs during or subsequent to the first quarter of 2025, including complete vehicle programs with value-added contractual arrangements.

These factors were partially offset by:

  • the end of production of certain programs;
  • lower light vehicle production in North America, Europe and China;
  • lower complete vehicle assembly volumes with full-cost contractual arrangements;
  • lower engineering revenue, primarily in our Complete Vehicles segment; and
  • net customer price concessions subsequent to the first quarter of 2025.

Adjusted EBIT increased to $558 million for the first quarter of 2026 compared to $354 million for the first quarter of 2025, primarily due to:

  • productivity and efficiency improvements, including the benefit of operational excellence initiatives and prior restructuring actions;
  • higher equity income, including a favourable commercial item in our Power & Vision segment;
  • lower warranty costs;
  • net transactional foreign exchange gains in the first quarter of 2026, compared to net transactional foreign exchange losses in the first quarter of 2025;
  • the net strengthening of foreign currencies against the U.S. dollar, which had a favourable impact on reported U.S. dollar Adjusted EBIT; and
  • net commercial items, which had a favourable impact on a year-over-year basis.

These factors were partially offset by:

  • higher net tariff costs;
  • reduced earnings on lower local currency sales, including engineering revenue; and
  • net unfavourable product mix.

Income from operations before income taxes was $87 million in the first quarter of 2026, down $138 million or 61% compared to the first quarter of 2025. Income from operations before income taxes includes Other expense, net(2) and Amortization of acquired intangible assets totaling $434 million and $79 million in the first quarters of 2026 and 2025, respectively. The most significant item in Other expense, net in the first quarter of 2026 was a loss on assets held for sale related to the announced dispositions of our Lighting and Rooftop business of $485 million (pre-tax). Excluding Other expense, net and Amortization of acquired intangible assets from both periods, income from operations before income taxes in the first quarter of 2026 increased $217 million or 71% compared to the first quarter of 2025, largely reflecting the increase in Adjusted EBIT.

Net (loss) income attributable to Magna International Inc. was a loss of $12 million for the first quarter of 2026 compared to income of $146 million in the first quarter of 2025. Excluding Other expense, net, after tax and Amortization of acquired intangibles from both periods, net income attributable to Magna International Inc. was $386 million in the first quarter of 2026 compared to $219 million in the first quarter of 2025.

(2)
Other expense, net is comprised of loss on assets held for sale, restructuring activities, and (gain) loss on investments, during the three months ended March 31, 2026 & 2025. A reconciliation of these Non-GAAP financial measures is included in the back of this press release.

Diluted (loss) earnings per share was a loss of $0.04 in the first quarter of 2026, compared to earnings of $0.52 in the comparable period. Adjusted EPS was $1.38, compared to $0.78 for the first quarter of 2025, an increase of 77%. The increase in Adjusted EPS primarily reflects the impact of higher adjusted EBIT.

In the first quarter of 2026, we generated cash from operations of $677 million. Free Cash Flow was $372 million in the period, including balance sheet-related customer recoveries for contract adjustments associated with certain electric vehicle programs in North America.


RETURN OF CAPITAL TO SHAREHOLDERS AND OTHER MATTERS

We paid dividends of $135 million and repurchased 7.6 million shares for $440 million for the three months ended March 31, 2026. As of March 31, 2026, there are 16.7 million remaining shares available for repurchase under our current Normal Course Issuer Bid authorization.

Our Board of Directors declared a first quarter dividend of $0.495 per Common Share. The dividend is payable on May 29, 2026 to shareholders of record as of the close of business on May 15, 2026.


SEGMENT SUMMARY

($Millions)

 THREE MONTHS ENDED MARCH 31,
Sales   Adjusted EBIT
    2026     2025   Change       2026     2025   Change  
Body Exteriors & Structures $ 4,079   $ 3,966   $ 113     $ 274   $ 230   $ 44  
Power & Vision   3,881     3,646     235       252     124     128  
Seating Systems   1,340     1,312     28       25     (30 )   55  
Complete Vehicles   1,224     1,276     (52 )     32     44     (12 )
Corporate and Other   (143 )   (131 )   (12 )     (25 )   (14 )   (11 )
Total Reportable Segments $ 10,381   $ 10,069   $ 312     $ 558   $ 354   $ 204  

    THREE MONTHS ENDED

MARCH 31,
  Adjusted EBIT as a

percentage of sales
    2026   2025   Change  
Body Exteriors & Structures   6.7 % 5.8 % 0.9 %
Power & Vision   6.5 % 3.4 % 3.1 %
Seating Systems   1.9 % (2.3 )% 4.2 %
Complete Vehicles   2.6 % 3.4 % (0.8 )%
Consolidated Average   5.4 % 3.5 % 1.9 %


For further details on our segment results, please see our Management’s Discussion and Analysis of Results of Operations and Financial Position and our Interim Financial Statements.

2026 OUTLOOK

Our full year Outlook for 2026 is provided annually, with quarterly updates. The following Outlook is an update to our previous Outlook in February 2026.

Updated 2026 Macro Assumptions

     
Current
 		 
Previous
Light Vehicle Production (millions of units)      
North America
Europe
China		 14.9
16.6
32.0		   15.0
16.8
32.0
           
Average Foreign exchange rates:          
1 Canadian dollar equals
1 euro equals		     U.S. $0.730
U.S. $1.178		   U.S. $0.720
U.S. $1.160



Updated 2026 Outlook

     
Current
 		 
Previous
Segment Sales          
Body Exteriors & Structures
Power & Vision
Seating Systems
Complete Vehicles		     $16.6 – $17.2 billion
$15.6 – $16.0 billion
$5.4 – $5.7 billion
$4.4 – $4.7 billion		   $16.6 – $17.2 billion
$15.9 – $16.3 billion
$5.4 – $5.7 billion
$4.4 – $4.7 billion
Total Sales     $41.5 – $43.1 billion   $41.9 – $43.5 billion
           
Adjusted EBIT Margin(3)     6.0% – 6.6%   6.0% – 6.6%
           
Adjusted EPS(4)     $6.25 – $7.25   $6.25 – $7.25
           
Free Cash Flow(5)     $1.6 – $1.8 billion   $1.6 – $1.8 billion
           
Capital Spending     $1.5 – $1.6 billion   $1.5 – $1.6 billion
           
Equity Income (included in EBIT)     $160 – $195 million   $160 – $195 million
           
Interest Expense, net     Approximately $165 million   Approximately $180 million
           
Income Tax Rate(6)     Approximately 23%   Approximately 23%
           
Weighted average diluted shares outstanding     Approximately 270 million   Approximately 270 million
           
Notes:
(3) Adjusted EBIT Margin is the ratio of Adjusted EBIT to Total Sales. Refer to the reconciliation of Non-GAAP financial measures in the back of this press release for further information.
(4) Adjusted EPS represents Adjusted Net Income attributable to Magna divided by the Diluted weighted average number of Common Shares outstanding during the period.
(5) Refer to the reconciliation of Non-GAAP financial measures in the back of this press release for further information on Free Cash Flow.
(6) The Income Tax Rate has been calculated using Adjusted EBIT and is based on current tax legislation


Our Outlook is intended to provide information about management’s current expectations and plans and may not be appropriate for other purposes. Although considered reasonable by Magna as of the date of this document, the 2026 Outlook above and the underlying assumptions may prove to be inaccurate. Accordingly, our actual results could differ materially from our expectations as set forth herein. The risks identified in the “Forward-Looking Statements” section below represent the primary factors which we believe could cause actual results to differ materially from our expectations.


KEY DRIVERS OF OUR BUSINESS

Our business and operating results are dependent on light vehicle production by our customers in three key regions – North America, Europe, and China. While we supply systems and components to many OEMs globally, we do not supply systems and components for every vehicle, nor is the value of our content consistent from one vehicle to the next. As a result, customer and program mix relative to market trends, as well as the value of our content on specific vehicle production programs, are also important drivers of our results.

Ordinarily, OEM production volumes are aligned with vehicle sales levels and thus affected by changes in such levels. Aside from vehicle sales levels, production volumes are typically impacted by a range of factors, including: geopolitical factors, such as military conflicts and tariffs; supply chains, including disruption to supply of and/or increased costs of steel, aluminum, resin, and energy supplies, as well as semiconductor and memory (DRAM) chips; OEM, supplier or sub-supplier disruptions; relative currency values; commodity prices; labour disruptions, as well as the availability and relative cost of skilled labour; regulatory frameworks; and other factors.

Overall vehicle sales levels are significantly affected by changes in consumer confidence levels, which may in turn be impacted by consumer perceptions and general trends related to the job, housing, and stock markets, as well as other macroeconomic and political factors. Other factors which typically impact vehicle sales levels and thus production volumes include: vehicle affordability; interest rates and/or availability of credit; fuel and energy prices; relative currency values; and considerations applicable to EVs, including EV range, charging infrastructure, and electricity pricing.


NON-GAAP FINANCIAL MEASURES RECONCILIATION

In addition to the financial results reported in accordance with U.S. GAAP, this press release contains references to the Non-GAAP financial measures reconciled below. We believe the Non-GAAP financial measures used in this press release are useful to both management and investors in their analysis of the Company’s financial position and results of operations, and to improve comparability between fiscal periods. In particular, management believes that Adjusted EBIT and Adjusted diluted earnings per share are useful measures in assessing the Company’s financial performance by excluding certain items that are not indicative of the Company’s core operating performance. Management also believes that Free Cash Flow is a useful measure in assessing the Company’s ability to generate cash to maintain operations and repay its debt. The presentation of Non-GAAP financial measures should not be considered in isolation, or as a substitute for the Company’s related financial results prepared in accordance with U.S. GAAP.

The following table reconciles Net income to Adjusted EBIT:


Adjusted EBIT
   
  For the three months ended March 31,
    2026       2025  
       
Net (Loss) Income $ (1 )   $ 153  
Add:      
Amortization of acquired intangible assets   19       26  
Interest expense, net   37       50  
Other expense, net   415       53  
Income taxes   88       72  
Adjusted EBIT $ 558     $ 354  
 

Adjusted EBIT as a percentage of sales (

“

Adjusted EBIT Margin

“

)
       
  For the three months ended March 31,
    2026       2025  
       
Sales $ 10,381     $ 10,069  
Adjusted EBIT $ 558     $ 354  
Adjusted EBIT as a percentage of sales   5.4 %     3.5 %
       


NON-GAAP FINANCIAL MEASURES RECONCILIATION (CONTINUED)


Adjusted EPS
   
  For the three months ended March 31,
    2026       2025  
       
Net (loss) income attributable to Magna International Inc. $ (12 )   $ 146  
Add (deduct):      
Amortization of acquired intangible assets   19       26  
Tax effect on Amortization of acquired intangible assets   (2 )     (5 )
Other expense, net   415       53  
Tax effect on Other expense, net   (34 )     (1 )
Adjusted net income attributable to Magna International Inc. $ 386     $ 219  
       
Diluted weighted average number of common shares outstanding during the period (millions):   278.1       282.0  
Adjusted Dilutive impact of stock option and share awards[i]   1.8       —  
Adjusted diluted weighted average number of common shares outstanding during the period (millions):   279.9       282.0  
       
Adjusted EPS $ 1.38     $ 0.78  

[i] During the first quarter of 2026, the Company generated Adjusted net Income attributable to Magna International Inc. while reporting a net loss attributable to Magna International Inc. As a result, certain stock-based compensation awards are dilutive for adjusted diluted earnings per share and are included in the adjusted diluted weighted average number of Common Shares outstanding. The dilutive impact was determined using the treasury stock method.


The following table reconciles Cash provided from operating activities to Free Cash Flow:


Free Cash Flow
 		 
   
  For the three months ended March 31,
    2026       2025  
       
       
Cash provided from operating activities $ 677     $ 77  
Add (deduct):      
Fixed asset additions   (219 )     (268 )
Increase in investment, other assets, and intangible assets   (168 )     (148 )
Proceeds from disposition   82       26  
Free Cash Flow $ 372     $ (313 )


Certain of the forward-looking financial measures above are provided on a Non-GAAP basis. We do not provide a reconciliation of such forward-looking measures to the most directly comparable financial measures calculated and presented in accordance with U.S. GAAP. To do so would be potentially misleading and not practical given the difficulty of projecting items that are not reflective of ongoing operations in any future period. The magnitude of these items, however, may be significant.

This press release, together with our Management’s Discussion and Analysis of Results of Operations and Financial Position and our Interim Financial Statements, are available in the Investor Relations section of our website at www.magna.com/company/investors and filed electronically through the System for Electronic Document Analysis and Retrieval + (SEDAR+) which can be accessed at www.sedarplus.ca as well as on the United States Securities and Exchange Commission’s Electronic Data Gathering, Analysis and Retrieval System (EDGAR), which can be accessed at www.sec.gov.

We will hold a conference call for interested analysts and shareholders to discuss our first quarter ended March 31, 2026 results on Friday, May 1, 2026 at 8:00 a.m. ET. The conference call will be chaired by Swamy Kotagiri, Chief Executive Officer. The number to use for this call from North America is 1-800-715-9871. International callers should use 1-646-307-1963. Please call in at least 10 minutes prior to the call start time. We will also webcast the conference call at www.magna.com. The slide presentation accompanying the conference call as well as our financial review summary will be available on our website Friday prior to the call.

INVESTOR CONTACT
Louis Tonelli, Vice-President, Investor Relations
[email protected] │ 905.726.7035

MEDIA CONTACT
Tracy Fuerst, Vice-President, Corporate Communications & PR
[email protected] │ 248.761.7004

TELECONFERENCE CONTACT

Nancy Hansford, Executive Assistant, Investor Relations
[email protected] │ 905.726.7108

ABOUT MAGNA

Magna is one of the world’s largest automotive suppliers and a trusted partner to automakers in the industry’s most critical markets—North America, Europe, and China. With a global team and footprint spanning 28 countries, we bring unmatched scale, trusted reliability, and proven execution. Backed by nearly seven decades of experience, we combine deep manufacturing expertise with innovative vehicle system technologies to deliver performance, safety, and quality.

For further information about Magna (NYSE:MGA; TSX:MG), please visit www.magna.com or follow us on social. 

FORWARD-LOOKING STATEMENTS

Certain statements in this press release constitute “forward-looking information” or “forward-looking statements” (collectively, “forward-looking statements”). Any such forward-looking statements are intended to provide information about management’s current expectations and plans and may not be appropriate for other purposes. Forward-looking statements may include financial and other projections, as well as statements regarding our future plans, strategic objectives or economic performance, or the assumptions underlying any of the foregoing, and other statements that are not recitations of historical fact. We use words such as “may”, “would”, “could”, “should”, “will”, “likely”, “expect”, “anticipate”, “assume”, “believe”, “intend”, “plan”, “aim”, “forecast”, “outlook”, “project”, “potential”, “estimate”, “target” and similar expressions suggesting future outcomes or events to identify forward-looking statements. The following table identifies the material forward-looking statements contained in this document, together with the material potential risks that we currently believe could cause actual results to differ materially from such forward-looking statements. Readers should also consider all of the risk factors which follow below the table:

Material Forward-Looking Statement Material Potential Risks Related to Applicable Forward-Looking Statement
Light Vehicle Production
  • Light vehicle sales levels, including due to:
    • A decline in consumer confidence
    • Economic uncertainty
    • Elevated interest rates and availability of consumer credit
    • Deteriorating vehicle affordability
  • Tariffs and/or other actions that erode free trade agreements
  • Production deferrals, cancellations and volume reductions
  • Production and supply disruptions
  • Commodities prices
  • Availability and relative cost of skilled labour
Total Sales
Segment Sales
  • Same risks as for Light Vehicle Production above
  • Alignment of our product mix with production demand
  • Supply disruptions, including as a result of semiconductor and memory (DRAM) chip shortages
  • Customer concentration
  • Pace of EV adoption, including North American electric vehicle program deferrals, cancellations and volume reductions
  • Shifts in market shares among OEMs, vehicles and/or vehicle segments
  • Shifts in consumer “take rates” for products we sell
  • Relative currency values
Adjusted EBIT Margin
Adjusted Diluted EPS
Free Cash Flow
  • Same risks as for Total Sales and Segment Sales above
  • Execution of critical program launches
  • Operational underperformance
  • Product warranty/recall risks
  • Production inefficiencies
  • Unmitigated incremental tariff costs
  • Restructuring costs and/or impairment charges
  • Inflation
  • Ability to secure planned cost recoveries from our customers and/or otherwise offset higher input costs
  • Price concessions
  • Commodity cost volatility
  • Scrap steel price volatility
Equity Income
  • Same risks as Adjusted EBIT Margin above
  • Risks related to conducting business through joint ventures
  • Risks of doing business in foreign markets
  • Legal and regulatory proceedings
  • Changes in law
Share Repurchases
Weighted Average Diluted Shares Outstanding
  • Same risks impacting Free Cash Flow above
  • Ability to repurchase shares for cancellation, including due to normal course issuer bid rules, trading blackouts, and other factors


Forward-looking statements are based on information currently available to us and are based on assumptions and analyses made by us in light of our experience and our perception of historical trends, current conditions and expected future developments, as well as other factors we believe are appropriate in the circumstances. While we believe we have a reasonable basis for making any such forward-looking statements, they are not a guarantee of future performance or outcomes. In addition to the factors in the table above, whether actual results and developments conform to our expectations and predictions is subject to a number of risks, assumptions, and uncertainties, many of which are beyond our control, and the effects of which can be difficult to predict, including, without limitation:

Macroeconomic, Geopolitical and Other Risks

  • geopolitical crises and military conflicts;
  • threats to free trade agreements;
  • international trade disputes;
  • planning and forecasting challenges;
  • interest rates and availability of consumer credit;

Risks Related to the Automotive Industry 

  • pace of EV adoption;
  • North American EV program deferrals, cancellations and volume reductions;
  • economic cyclicality;
  • regional production volumes;
  • deteriorating vehicle affordability;
  • intense competition;

Strategic Risks

  • evolution of the vehicle;
  • evolving business risk profile;
  • technology and innovation;
  • investments in mobility and technology companies;

Customer-Related Risks

  • customer concentration;
  • market shifts;
  • evolving OEM competitive landscape;
  • dependence on outsourcing;
  • consumer take rate shifts;
  • nature of customer blanket purchase orders;
  • potential OEM production-related disruptions;

Supply Chain Risks

  • supply chain disruptions;
  • regional energy supply and pricing;
  • financial condition of supply base;
  • supplier claims;

Manufacturing/Operational Risks

  • product launch;
  • operational underperformance;
  • restructuring costs;
  • impairments;
  • skilled labour attraction/retention;
 Pricing Risks

  • quote/pricing assumptions;
  • customer pricing pressure/contractual arrangements;
  • commodity price volatility;
  • scrap steel/aluminum price volatility;

Warranty/Recall Risks

  • repair/replacement costs;
  • warranty provisions;
  • product liability;

IT Security/Cybersecurity Risks

  • IT/cybersecurity breach;
  • product cybersecurity breach;
  • risks related to the use of artificial intelligence;

Merger and Acquisition Risks

  • inherent merger and acquisition risks;
  • acquisition integration and synergies;

Other Business Risks

  • joint ventures;
  • intellectual property;
  • risks of doing business in foreign markets;
  • tax risks;
  • relative foreign exchange rates;
  • returns on capital investments;
  • financial flexibility;
  • credit ratings changes;
  • stock price fluctuation;

Legal, Regulatory and Other Risks

  • legal and regulatory proceedings; and
  • changes in laws.


In evaluating forward-looking statements or forward-looking information, we caution readers not to place undue reliance on any forward-looking statement. Additionally, readers should specifically consider the various factors which could cause actual events or results to differ materially from those indicated by such forward-looking statements, including the risks, assumptions and uncertainties above which are:

  • discussed under the “Industry Trends and Risks” heading of our Management’s Discussion and Analysis; and
  • set out in our Annual Information Form filed with securities commissions in Canada, our annual report on Form 40-F filed with the United States Securities and Exchange Commission, and subsequent filings.

Readers should also consider discussion of our risk mitigation activities with respect to certain risk factors, which can be also found in our Annual Information Form. Additional information about Magna, including our Annual Information Form, is available through the System for Electronic Data Analysis and Retrieval + (SEDAR+) at www.sedarplus.ca, as well as on the United States Securities and Exchange Commission’s Electronic Data Gathering, Analysis and Retrieval System (EDGAR), which can be accessed at www.sec.gov.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/aae520f0-3636-48b1-a055-ac61096619dc



Posted on

NIO Inc. Provides April 2026 Delivery Update

  • 29,356 vehicles were delivered in April 2026, increasing by 22.8% year-over-year
  • 112,821 vehicles were delivered year-to-date in 2026, increasing by 71.0% year-over-year
  • Cumulative deliveries reached 1,110,413 as of April 30, 2026

SHANGHAI, May 01, 2026 (GLOBE NEWSWIRE) — NIO Inc. (NYSE: NIO; HKEX: 9866; SGX: NIO) (“NIO” or the “Company”), a pioneer and a leading company in the global smart electric vehicle market, today announced its April 2026 delivery results.

The Company delivered 29,356 vehicles in April 2026, representing an increase of 22.8% year-over-year. The deliveries consisted of 19,024 vehicles from the Company’s premium smart electric vehicle brand NIO, 5,352 vehicles from the Company’s family-oriented smart electric vehicle brand ONVO, and 4,980 vehicles from the Company’s small smart high-end electric car brand FIREFLY. Cumulative deliveries reached 1,110,413 as of April 30, 2026.

On April 23, 2026, the NIO All-New ES8 reached a milestone of 100,000 cumulative deliveries within 215 days, setting a new record for delivery performance among premium passenger vehicles priced above RMB 400,000 in China. This achievement further underscores the NIO All-New ES8’s leading position in the premium battery electric SUV segment.

On April 9, 2026, NIO’s flagship executive SUV, the ES9, officially commenced pre-sales. As the culmination of over a decade of technological innovation, the ES9 redefines the benchmark for flagship SUVs through its signature design, exceptional space, advanced intelligence, refined comfort, and comprehensive safety. The ES9, featuring over 40 industry-first technologies and nearly 40 class-leading configurations, is set to usher in the era of battery electric vehicles for executive flagship SUVs.

On April 28, 2026, ONVO officially commenced the pre-sale of its flagship large five-seat SUV, the L80. Fully equipped with ONVO’s latest flagship technologies in spatial engineering, vehicle safety, and lightweight design, the L80 sets a new benchmark as China’s five-seat SUV with the largest trunk space and outstanding versatility. Leveraging technological innovation to redefine user experience, the L80 will expand the addressable scenarios of large five-seat SUVs, accompanying families on every journey of joy.

About NIO Inc.

NIO Inc. is a pioneer and a leading company in the global smart electric vehicle market. Founded in November 2014, NIO aspires to shape a sustainable and brighter future with the mission of “Blue Sky Coming”. NIO envisions itself as a user enterprise where innovative technology meets experience excellence. NIO designs, develops, manufactures and sells smart electric vehicles, driving innovations in next-generation core technologies. NIO distinguishes itself through continuous technological breakthroughs and innovations, exceptional products and services, and a community for shared growth. NIO provides premium smart electric vehicles under the NIO brand, family-oriented smart electric vehicles through the ONVO brand, and small smart high-end electric cars with the FIREFLY brand.

Safe Harbor Statement

This press release contains statements that may constitute “forward-looking” statements pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “likely to” and similar statements. NIO may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the “SEC”), in its annual report to shareholders, in announcements, circulars or other publications made on the websites of each of The Stock Exchange of Hong Kong Limited (the “SEHK”) and the Singapore Exchange Securities Trading Limited (the “SGX-ST”), 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 statements about NIO’s beliefs, plans 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, including but not limited to the following: NIO’s strategies; NIO’s future business development, financial condition and results of operations; NIO’s ability to develop and manufacture vehicles of sufficient quality and appeal to customers on schedule and on a large scale; its ability to ensure and expand manufacturing capacities including establishing and maintaining partnerships with third parties; its ability to provide convenient and comprehensive power solutions to its customers; the viability, growth potential and prospects of the battery swapping, BaaS, and NIO Assisted and Intelligent Driving and its subscription services; its ability to improve the technologies or develop alternative technologies in meeting evolving market demand and industry development; NIO’s ability to satisfy the mandated safety standards relating to motor vehicles; its ability to secure supply of raw materials or other components used in its vehicles; its ability to secure sufficient reservations and sales of its vehicles; its ability to control costs associated with its operations; its ability to build its current and future brands; general economic and business conditions globally and in China and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in NIO’s filings with the SEC and the announcements and filings on the websites of each of the SEHK and SGX-ST. All information provided in this press release is as of the date of this press release, and NIO does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

For more information, please visit: http://ir.nio.com

Investor Relations

[email protected]

Media Relations

[email protected]



Posted on

ESS Partners with Alsym Energy to Deliver 8.5 GWh of Non-Lithium Battery Energy Storage Solutions

ESS Partners with Alsym Energy to Deliver 8.5 GWh of Non-Lithium Battery Energy Storage Solutions

Next Generation Sodium-ion Battery Solution Enables ESS Transition to a Full-Service BESS Platform Provider for Expanded Applications

Partnership Enables ESS to Enter the Short and Medium Duration Energy Storage Segment

WILSONVILLE, Ore. & MALDEN, Mass.–(BUSINESS WIRE)–
ESS Tech, Inc. (NYSE: GWH) (“ESS” or the “Company”), a leading manufacturer of sustainable, long‑duration energy storage systems (“LDES”), today announced the signing of a letter of intent for a strategic partnership with Alsym Energy, a pioneer in non-flammable, high-performance sodium-ion batteries, to add 8.5 GWh of sodium‑ion cells and modulesto its portfolio.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260430967185/en/

This next‑generation battery solution is designed to address use cases traditionally served by lithium‑ion systems – and those where lithium cannot go – but without the inherent thermal run-away risks associated with lithium chemistries.

This partnership marks ESS’s entry into the short‑ and medium‑duration BESS (“Battery Energy Storage System”) segment, a market historically dominated by lithium-ion. It meaningfully expands the Company’s addressable market beyond its established position in long-duration storage. The Alsym sodium-ion technology virtually eliminates thermal runaway risk and lowers total cost of ownership. In addition, the solutiondoes not require complex HVAC systems, demonstrates high round trip efficiency, employs fast charge and discharge capabilities and offers a simpler, safer deployment profile for customers seeking superior stationary storage solutions.

“Sodium-ion and iron flow are complementary technologies,” said Drew Buckley, Chief Executive Officer of ESS. “Alsym’s sodium-ion Na-Series is an ideal solution for ESS’s short- and medium-duration applications where high power, fast cycling, and rapid response are paramount. ESS’s existing Energy Base® iron flow platform is engineered for the 8–24 hour long-duration segment, where deep daily cycling, 25-year asset life, and zero capacity degradation deliver the lowest levelized cost of storage. Together, the two chemistries form a unified, non-lithium platform that enables ESS to meet customers’ full storage needs from a single trusted provider, whether the application calls for firming renewables over a few hours, shifting energy across a full day, or pairing both within a single project to optimize economics across the full duration curve.”

Randall Selesky, Chief Commercial Officer at ESS, added, “This partnership represents a major milestone in our strategy to become a full-spectrum, non-lithium solutions provider for the entire energy storage market with safer, more sustainable technologies. By combining Alsym’s high performance, non-flammable sodium‑ion technology with ESS’ systems expertise and Energy Base® long‑duration solutions, we are giving customers a clear pathway beyond lithium‑ion — without compromising performance or economics.

“Unlike lithium‑ion batteries and many other sodium-ion batteries, Alsym’s Na-Series batteries are non‑combustible and thermally stable, reducing system complexity, improving safety, and lowering total cost of ownership by reducing the need for extensive fire suppression and HVAC infrastructure. Alsym’s Na-Series has been developed using a proprietary, physics-informed AI platform for battery development that dramatically shortens the time to bring innovation to the market. The batteries utilize non-foreign entity of concern (“FEOC”) sourced materials and provide integrators and OEMs with a safe, cost-effective, supply-secure battery solution,” Selesky concluded.

Mukesh Chatter, Chief Executive Officer for Alsym Energy, commented, “ESS is a leading innovator in stationary storage, and we are very pleased to be partnering with them. As demand grows, it is increasingly clear that the industry needs solutions beyond lithium-ion to meet the speed and scale projections. By combining high performance, inherent safety, and supply chain resilience, Alsym’s Na-Series delivers that capability and ESS brings deep experience delivering grid-scale systems that maximize the value of renewable energy. Together, we are enabling a better path forward for energy storage.”

With the combined sodium-ion and iron-flow platform, ESS is positioned to support utilities, IPPs, data centers, and C&I customers seeking American-made, flexible, and future‑proof energy storage solutions across a wide range of applications.

About ESS Tech, Inc.

ESS (NYSE: GWH) is the leading manufacturer of long-duration iron flow energy storage solutions. ESS was established in 2011 with a mission to accelerate decarbonization safely and sustainably through longer lasting energy storage. Using easy-to-source iron, salt, and water, ESS iron flow technology enables energy security, reliability and resilience. We build flexible storage solutions that allow our customers to meet increasing energy demand without power disruptions and maximize the value potential of excess energy. For more information visit www.essinc.com.

About Alsym Energy

Alsym Energy is enabling a safer, scalable energy future by rethinking battery chemistry. The company’s flagship Na-Series are non-flammable, high-performance, low cost sodium-ion batteries made with earth abundant materials. They are designed using a proprietary, physics-informed AI platform that enables the discovery of materials and commercially viable chemistries 10x faster than traditional, trial and error experiment-only methods. By combining DeepTech expertise in batteries with physics-informed AI, the platform is a closed-loop system that accelerates the entire battery development process, from ideation to manufacturing. Alysm’s Na-Series technology eliminates thermal runaway and allows energy storage to be deployed safely, and at scale, anywhere energy storage is needed — from data centers and industrial facilities to residential buildings, commercial real estate, mining, military installations or utility grids. Its wide operating temperature range avoids the need for HVAC systems for safety or performance, and fast charge and discharge rates allow multiple cycles per day, creating a powerful economic model for energy storage systems. Alsym Na-Series: A better battery for energy storage.

To learn more, visit: alsym.com

Forward-Looking Statements

This communication contains forward-looking statements (including within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended) concerning the Company and other matters that involve substantial risks and uncertainties. These statements may discuss the management team’s goals, beliefs, hopes, intentions and expectations as to future plans, trends, events, results of operations and financial condition, or otherwise, based on current beliefs of the management of the Company, as well as assumptions made by, and information currently available to, the Company’s management. These forward-looking statements can be identified by the use of forward-looking terminology, including the words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intends,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “will,” “would,” or, in each case, their negative or other variations or comparable terminology may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. These forward-looking statements, which are subject to risks, uncertainties and assumptions about us, may include our anticipated growth strategies and anticipated trends in our business. Examples of forward-looking statements include, among others, statements pertaining to market opportunities for ESS’ products, pace of commercial activity, ESS product development and manufacturing, and relationships with strategic partners and customers. These forward-looking statements are based on ESS’ current expectations and beliefs concerning future developments and their potential effects on ESS. Many factors could cause actual future events to differ materially from the forward-looking statements in this communication. There can be no assurance that the future developments affecting ESS will be those that we have anticipated. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond ESS control) or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements, which include, but are not limited to, barriers we face in our attempts to produce our energy storage products; our products being in the early stage of commercialization and aspects of our technology not having been fully field tested; our inability to develop our business and effectively commercialize our energy storage products; our dependence on third-party suppliers; delays in our manufacturing operations; and other risks and uncertainties described more fully in the section titled “Risk Factors” in the Company’s Quarterly Report on Form 10-K filed on March 5, 2026, and the Company’s other filings with the U.S. Securities and Exchange Commission. Except as required by law, ESS is not undertaking any obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.

Media Contact

Shiyun Fu

Antenna Group for Alsym

[email protected]

Company

[email protected]

Investor Relations

Chris Tyson 

Executive Vice President 

MZ Group – MZ North America 

Phone: (949) 491-8235 

[email protected]

www.mzgroup.us

KEYWORDS: Oregon Massachusetts United States India North America Asia Pacific

INDUSTRY KEYWORDS: Other Energy Utilities Sustainability Batteries Alternative Energy Energy Technology Artificial Intelligence Environment Green Technology Engineering Manufacturing

MEDIA:

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Posted on

Amkor Technology Prices $1,000 Million Convertible Senior Notes Offering

Amkor Technology Prices $1,000 Million Convertible Senior Notes Offering

TEMPE, Ariz–(BUSINESS WIRE)–
Amkor Technology, Inc. (Nasdaq: AMKR) today announced the pricing of its offering of $1,000,000,000 aggregate principal amount of 0.00% convertible senior notes due 2031 (the “notes”) in a private offering to persons reasonably believed to be qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). The notes will be fully and unconditionally guaranteed, on a senior, unsecured basis, by each subsidiary of Amkor that currently or in the future guarantees its 5.875% senior notes due 2033 (the “guarantors”). The issuance and sale of the notes are scheduled to settle on May 5, 2026, subject to customary closing conditions. Amkor also granted the initial purchasers of the notes an option to purchase, for settlement within a period of 13 days from, and including, the date the notes are first issued, up to an additional $150,000,000 aggregate principal amount of notes.

The notes will be senior, unsecured obligations of Amkor. The notes will not bear regular interest, and the principal amount of notes will not accrete. The notes will mature on July 15, 2031, unless earlier repurchased, redeemed or converted. Before April 15, 2031, noteholders will have the right to convert their notes only upon the occurrence of certain events. From and after April 15, 2031, noteholders may convert their notes at any time at their election until the close of business on the second scheduled trading day immediately before the maturity date. Amkor will settle conversions in cash and, if applicable, shares of its common stock. The initial conversion rate is 9.4013 shares of common stock per $1,000 principal amount of notes, which represents an initial conversion price of approximately $106.37 per share of common stock. The initial conversion price represents a premium of approximately 52.5% over the last reported sale price of $69.75 per share of Amkor’s common stock on April 30, 2026. The conversion rate and conversion price will be subject to adjustment upon the occurrence of certain events.

The notes will be redeemable, in whole or in part (subject to certain limitations), for cash at Amkor’s option at any time, and from time to time, on or after May 15, 2029 and on or before the 20th scheduled trading day immediately before the maturity date, but only if the last reported sale price per share of Amkor’s common stock exceeds 130% of the conversion price for a specified period of time and certain other conditions are satisfied. The redemption price will be equal to the principal amount of the notes to be redeemed, plus accrued and unpaid special and additional interest, if any, to, but excluding, the redemption date.

If a “fundamental change” (as defined in the indenture for the notes) occurs, then, subject to a limited exception, noteholders may require Amkor to repurchase their notes for cash. The repurchase price will be equal to the principal amount of the notes to be repurchased, plus accrued and unpaid special and additional interest, if any, to, but excluding, the applicable repurchase date.

Amkor estimates that the net proceeds from the offering will be approximately $981.7 million (or approximately $1,129.0 million if the initial purchasers fully exercise their option to purchase additional notes), after deducting the initial purchasers’ discounts and commissions and Amkor’s estimated offering expenses. Amkor intends to use $49.0 million of the net proceeds to fund the cost of entering into the capped call transactions described below. Amkor intends to use the remainder of the net proceeds from the offering for general corporate purposes, including capital expenditures. If the initial purchasers exercise their option to purchase additional notes, then Amkor intends to use a portion of the additional net proceeds to fund the cost of entering into additional capped call transactions as described below.

In connection with the pricing of the notes, Amkor entered into privately negotiated capped call transactions with one or more of the initial purchasers or their affiliates and/or one or more other financial institutions (the “option counterparties”). The capped call transactions will cover, subject to anti-dilution adjustments substantially similar to those applicable to the notes, the number of shares of Amkor’s common stock underlying the notes. If the initial purchasers exercise their option to purchase additional notes, then Amkor expects to enter into additional capped call transactions with the option counterparties.

The cap price of the capped call transactions will initially be $139.50 per share, which represents a premium of 100.0% over the last reported sale price of Amkor’s common stock of $69.75 per share on April 30, 2026, and is subject to certain adjustments under the terms of the capped call transactions.

The capped call transactions are expected generally to reduce the potential dilution to Amkor’s common stock upon any conversion of the notes and/or offset any potential cash payments Amkor is required to make in excess of the principal amount of converted notes, as the case may be, upon conversion of the notes. If, however, the market price per share of Amkor’s common stock, as measured under the terms of the capped call transactions, exceeds the cap price of the capped call transactions, there would nevertheless be dilution and/or there would not be an offset of such potential cash payments, in each case, to the extent that such market price exceeds the cap price of the capped call transactions.

In connection with establishing their initial hedges of the capped call transactions, the option counterparties or their respective affiliates expect to enter into various derivative transactions with respect to Amkor’s common stock and/or purchase shares of Amkor’s common stock concurrently with or shortly after the pricing of the notes. This activity could increase (or reduce the size of any decrease in) the market price of Amkor’s common stock or the notes at that time.

In addition, the option counterparties or their respective affiliates may modify their hedge positions by entering into or unwinding various derivatives with respect to Amkor’s common stock and/or purchasing or selling Amkor’s common stock or other securities of Amkor in secondary market transactions following the pricing of the notes and prior to the maturity of the notes (and are likely to do so (x) during any observation period related to a conversion of notes or following any repurchase of notes by Amkor in connection with any redemption or fundamental change, (y) following any repurchase of the notes by Amkor other than in connection with any redemption or fundamental change if Amkor elects to unwind a corresponding portion of the capped call transaction in connection with such repurchase and (z) if Amkor otherwise unwinds all or a portion of the capped call transactions). This activity could also cause or avoid an increase or decrease in the market price of Amkor’s common stock or the notes, which could affect the ability to convert the notes, and, to the extent the activity occurs during any observation period related to a conversion of notes, it could affect the number of shares, if any, and value of the consideration that noteholders will receive upon conversion of the notes.

The offer and sale of the notes, the guarantees and any shares of common stock issuable upon conversion of the notes have not been, and will not be, registered under the Securities Act or any other securities laws, and the notes and any such shares cannot be offered or sold except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and any other applicable securities laws. This press release does not constitute an offer to sell, or the solicitation of an offer to buy, the notes or any shares of common stock issuable upon conversion of the notes, nor will there be any sale of the notes or any such shares, in any state or other jurisdiction in which such offer, sale or solicitation would be unlawful.

About Amkor Technology, Inc.

Amkor Technology, Inc. (Nasdaq: AMKR) is the world’s largest U.S. headquartered OSAT and is a global leader in outsourced semiconductor packaging and test services. With a strong track record of innovation, a broad and diverse geographic footprint and solid partnerships with lead customers, Amkor delivers high-quality solutions that enable the world’s leading semiconductor and electronics companies to bring advanced technologies to market. The company’s comprehensive portfolio includes advanced packaging, wafer-level processing, and system-in-package solutions targeting applications for smartphones, data centers, artificial intelligence, automobiles and wearables.

Forward-Looking Statement Disclaimer

This press release includes forward-looking statements, including statements regarding the completion of the offering, the expected amount and intended use of the net proceeds and the effects of entering into the capped call transactions described above. Forward-looking statements represent Amkor’s current expectations regarding future events and are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those implied by the forward-looking statements. Among those risks and uncertainties are market conditions, the satisfaction of the closing conditions related to the offering and risks relating to Amkor’s business, including those described in periodic reports that Amkor files from time to time with the Securities and Exchange Commission. Amkor may not consummate the offering described in this press release and, if the offering is consummated, cannot provide any assurances regarding its ability to effectively apply the net proceeds as described above. The forward-looking statements included in this press release speak only as of the date of this press release, and Amkor does not undertake to update the statements included in this press release for subsequent developments, except as may be required by law.

Investor Relations

Jennifer Jue

Vice President, Investor Relations

480-786-7594

[email protected]

KEYWORDS: Arizona United States North America

INDUSTRY KEYWORDS: Data Management Semiconductor Communications Apps/Applications Technology Software Public Relations/Investor Relations

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McEwen Inc. and Golden Lake Exploration Inc. Announce Closing of Arrangement

TORONTO and VANCOUVER, British Columbia, April 30, 2026 (GLOBE NEWSWIRE) — McEwen Inc. (“McEwen”) (NYSE/TSX:MUX) and Golden Lake Exploration Inc. (“Golden Lake”) (CSE: GLM) (OTCQB: GOLXF) are pleased to announce the completion of the previously announced business combination between McEwen and Golden Lake by way of statutory plan of arrangement (the “Arrangement”).

Golden Lake’s principal asset is its Jewel Ridge and Jewel Ridge West projects located adjacent to McEwen’s Windfall and Lookout Mountain discoveries, part of the Gold Bar Mine Complex, in the Eureka Mining District of Nevada. Historical drill highlights from Jewel Ridge project include 2.20 gpt gold over 28.96 meters, 1.24 gpt gold over 56.39 meters, 2.37 gpt gold over 67.57 meters. These holes are located north of McEwen’s Windfall deposit, where a recent drill hole returned 5.55 gpt gold over 44.2 meters. Incorporating Golden Lake’s projects into the Gold Bar Mine Complex will help continue the mine’s transformation into a long-life operation by investing in exploration and leveraging the current McEwen infrastructure.

Under the terms of the Arrangement, each holder of common shares of Golden Lake (each, a “Golden Lake Share“) received 0.003876 McEwen common shares (each, a “McEwen Share“) for each Golden Lake Share held (the “Exchange Ratio“). In addition, pursuant to the terms of the Arrangement, all outstanding common share purchase warrants of Golden Lake (the “Golden Lake Warrants“) were cashlessly exercised and cancelled in exchange for Golden Lake Shares having a value equal to their in-the-money amount, and all outstanding convertible notes of Golden Lake (the “Golden Lake Notes“) were converted into Golden Lake Shares based on principal and accrued interest in accordance with their terms.

All issued and outstanding Golden Lake Shares (including the Golden Lake Shares issued to holders of Golden Lake Warrants and holders of Golden Lake Notes) were exchanged for McEwen Shares on the basis of the Exchange Ratio. Outstanding stock options of Golden Lake were exchanged for replacement options of McEwen on an equivalent economic basis, with adjusted exercise prices, exercisable within 90 days following the closing of the Arrangement, in accordance with the terms of Golden Lake’s stock option plan.

The shares of Golden Lake are expected to be delisted from the Canadian Securities Exchange (the “CSE“) effective as of the close of market on April 30, 2026. Golden Lake will submit an application to cease to be a reporting issuer under applicable Canadian securities laws and to otherwise terminate its public reporting requirements.

Information for Golden Lake Shareholders

Certificates formerly representing Golden Lake Shares now represent only the right to receive McEwen Shares to which the holders are entitled pursuant to the Arrangement.

In order to receive their McEwen Shares, registered shareholders of Golden Lake must deposit their share certificates or DRS advice(s) with a completed Letter of Transmittal, as set forth in the information circular of Golden Lake dated February 10, 2026. The Letter of Transmittal was mailed to registered shareholders together with the meeting materials for the Golden Lake meeting and it is also available on Golden Lake’s SEDAR+ profile on www.sedarplus.ca.

Golden Lake shareholders who own their shares through a broker or other intermediary should contact such broker or other intermediary regarding their receipt of McEwen Shares under the Arrangement. Further information regarding the Arrangement, including instructions on how to exchange Golden Lake Shares for McEwen Shares, is set out in the management information circular of Golden Lake dated February 10, 2026, a copy of which is available on the profile of Golden Lake on SEDAR+ at www.sedarplus.ca.

About Golden Lake

Golden Lake Exploration is a junior public mining exploration company engaged in the business of mineral exploration and the acquisition of mineral property assets.

About McEwen

McEwen shares trade on both the NYSE and TSX under the ticker MUX.

McEwen provides its shareholders with exposure to a growing base of gold and silver production in addition to a very large copper development project, all in the Americas. The gold and silver mines are in prolific mineral-rich regions of the world, the Cortez Trend in Nevada, USA, the Timmins district of Ontario, Flin Flon in Manitoba and the Deseado Massif in Santa Cruz province, Argentina. McEwen is also reactivating its gold-silver El Gallo Mine in Mexico.

The Company has a 46.3% interest in McEwen Copper, which owns the large, long-life, advanced-stage Los Azules copper development project in San Juan province, Argentina – a region that hosts some of the country’s largest copper deposits. According to the last financing for McEwen Copper, the implied value of McEwen’s ownership interest is US$456 million.

The Los Azules copper project is designed to be one of the world’s first regenerative copper mines and carbon neutral by 2038. Its Feasibility Study results were announced in the press release dated October 7, 2025.

McEwen also recently purchased 27.3% of Paragon Advanced Labs Inc., a newly listed public company that is deploying PhotonAssay™ units around the world, a technology that the Company believes is poised to become the new industry standard for assaying precious and base metals, with Paragon aiming to be one of the leading service providers.

Chairman and Chief Owner Rob McEwen has invested over US$250 million personally and takes a salary of $1 per year, aligning his interests with shareholders. He is a recipient of the Order of Canada, a member of the Canadian Mining Hall of Fame and a winner of the EY Entrepreneur of the Year (Energy) award. His objective is to build MUX’s profitability, share value and eventually implement a dividend policy, as he did while building Goldcorp Inc.

McEwen Contact Info and Social Media

         

WEB SITE
 
SOCIAL MEDIA
 		   

www.mcewenmining.com
  McEwen
 Facebook:
facebook.com/mceweninc
    LinkedIn:
linkedin.com/company/mceweninc

CONTACT INFORMATION
 		  X:
X.com/mceweninc
150 King Street West   Instagram:
instagram.com/mceweninc
Suite 2800, PO Box 24        
Toronto, ON, Canada   McEwen
Copper
 Facebook:
facebook.com/ mcewencopper
M5H 1J9   LinkedIn:
linkedin.com/company/mcewencopper
    X:
X.com/mcewencopper

Relationship with Investors:
  Instagram:
instagram.com/mcewencopper
(866)-441-0690 – Toll free        
(647)-258-0395   Rob McEwen
 Facebook:
facebook.com/mcewenrob
Mihaela Iancu ext. 2006   LinkedIn:
https://www.linkedin.com/in/robert-mcewen-646ab24

[email protected]
  X:
X.com/robmcewenmux
         


Neither the NYSE, TSX or CSE have reviewed and do not accept responsibility for the adequacy or accuracy of
the contents of this news release, which has been prepared by the management of McEwen and Golden Lake.

Forward-Looking Statements

This news release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as “expects”, or “does not expect”, “is expected”, “anticipates” or “does not anticipate”, “plans”, “budget”, “scheduled”, “forecasts”, “estimates”, “believes” or “intends” or variations of such words and phrases or stating that certain actions, events or results “may” or “could”, “would”, “might” or “will” be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements.

In this news release, forward-looking statements relate to, among other things, statements regarding: the timing of delisting of shares of Golden Lake from the CSE, Golden Lake ceasing to be a reporting issuer, goals to have Los Azules copper become one of the world’s first regenerative copper mines and achieve carbon neutrality by 2038, and the objectives for McEwen. These forward-looking statements are not guarantees of future results and involve risks and uncertainties that may cause actual results to differ materially from the potential results discussed in the forward-looking statements. See McEwen Inc.’s Annual Report on Form 10-K for the fiscal year ended December 31, 2025, and other filings with the Securities and Exchange Commission, under the caption “Risk Factors”, for additional information on risks, uncertainties and other factors relating to the forward-looking statements and information regarding McEwen.

McEwen and Golden Lake expressly disclaim any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise except as otherwise required by applicable securities legislation.

Qualified Person

Technical information pertaining to the Gold Bar Complex exploration contained in this press release has been prepared under the supervision of Robert Kastelic, MSc, CPG, Exploration Manager for McEwen Inc. in Nevada, and Luke Willis, P.Geo, Director of Resource Modelling for McEwen Inc., who are Qualified Persons (QPs) as defined by SEC S-K 1300 and Canadian Securities Administrators National Instrument 43-101 “Standards of Disclosure for Mineral Projects”. Technical information disclosed in this news release pertaining to the historic Jewel Ridge drilling was reviewed and approved by Don Hoy, P. Geo., who serves as a Qualified Person as defined under National Instrument 43-101 for Golden Lake Exploration Inc.

Historical References for Exploration Drilling at Jewel Ridge


Figure 1.

McEwen and Golden Lake Property Locations, Eureka Nevada



A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/98c7d244-b669-438a-bf86-4bc35e561cc4



Posted on

Li Auto Inc. April 2026 Delivery Update

BEIJING, China, May 01, 2026 (GLOBE NEWSWIRE) — Li Auto Inc. (“Li Auto” or the “Company”) (Nasdaq: LI; HKEX: 2015), a leader in China’s new energy vehicle market, today announced that it delivered 34,085 vehicles in April 2026. As of April 30, 2026, Li Auto’s cumulative deliveries reached 1,669,442.

In April, the all-new Li L9 Livis debuted at the 2026 Beijing International Automotive Exhibition, with its official launch scheduled for May 15. The launch event will fully showcase the vehicle’s latest advancements in exterior and interior design, chassis and suspension, range extension system, safety, and intelligence.

As of April 30, 2026, the Company had 511 retail stores in 160 cities, 550 servicing centers and Li Auto-authorized servicing shops operating in 223 cities. The Company also had 4,077 super charging stations in operation equipped with 22,509 charging stalls in China.

About Li Auto Inc.

Li Auto Inc. is a leader in China’s new energy vehicle market. The Company designs, develops, manufactures, and sells premium smart electric vehicles. Its mission is: Be Proactive, Change the World (主动积极,改变世界). Through innovations in product, technology, and business model, the Company provides families with safe, convenient, and comfortable products and services. Li Auto is a pioneer in successfully commercializing extended-range electric vehicles in China. While firmly advancing along this technological route, it builds platforms for battery electric vehicles in parallel. The Company leverages technology to create value for users. It concentrates its in-house development efforts on proprietary range extension systems, innovative electric vehicle technologies, and smart vehicle solutions. The Company started volume production in November 2019. Its current model lineup includes a high-tech flagship family MPV, four Li L series extended-range electric SUVs, and two Li i series battery electric SUVs. The Company will continue to expand its product lineup to target a broader user base.

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

Safe Harbor Statement

This press release contains statements that may constitute “forward-looking” statements pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “targets,” “likely to,” “challenges,” and similar statements. Li Auto may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the “SEC”) and The Stock Exchange of Hong Kong Limited (the “HKEX”), 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 statements about Li Auto’s beliefs, plans, 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, including but not limited to the following: Li Auto’s strategies, future business development, and financial condition and results of operations; Li Auto’s limited operating history; risks associated with extended-range electric vehicles and high-power charging battery electric vehicles; Li Auto’s ability to develop, manufacture, and deliver vehicles of high quality and appeal to customers; Li Auto’s ability to generate positive cash flow and profits; product defects or any other failure of vehicles to perform as expected; Li Auto’s ability to compete successfully; Li Auto’s ability to build its brand and withstand negative publicity; cancellation of orders for Li Auto’s vehicles; Li Auto’s ability to develop new vehicles; and changes in consumer demand and government incentives, subsidies, or other favorable government policies. Further information regarding these and other risks is included in Li Auto’s filings with the SEC and the HKEX. All information provided in this press release is as of the date of this press release, and Li Auto does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

For investor and media inquiries, please contact:

Li Auto Inc.
Investor Relations
Email: [email protected]

Christensen Advisory
Roger Hu
Tel: +86-10-5900-1548
Email: [email protected]



Posted on

Seaport Therapeutics Announces Pricing of Upsized Initial Public Offering

Seaport Therapeutics Announces Pricing of Upsized Initial Public Offering

BOSTON–(BUSINESS WIRE)–Seaport Therapeutics, Inc., (Nasdaq: SPTX) (“Seaport” or the “Company”), a clinical-stage therapeutics company that is inventing and developing neuropsychiatric medicines, today announced the pricing of its upsized initial public offering of 14,160,000 shares of its common stock at a price to the public of $18.00 per share, at the top of the target range. The gross proceeds to Seaport Therapeutics from the offering, before deducting the underwriting discounts and commissions and offering expenses, are expected to be $254.9 million. All of the shares are being offered by Seaport Therapeutics. In addition, Seaport Therapeutics has granted the underwriters a 30-day option to buy an additional 2,124,000 shares of its common stock at the initial public offering price, less underwriting discounts and commissions.

The shares are expected to begin trading on the Nasdaq Global Select Market on May 1, 2026 under the ticker symbol “SPTX.” The offering is expected to close on May 4, 2026 subject to the satisfaction of customary closing conditions.

Goldman Sachs & Co. LLC, J.P. Morgan, Leerink Partners, Citigroup, and Stifel are acting as joint book-running managers for the offering.

A registration statement relating to this offering has been filed with the Securities and Exchange Commission and was declared effective on April 30, 2026. The offering is being made only by means of a prospectus. Copies of the final prospectus, when available, may be obtained from: Goldman Sachs & Co. LLC, Attention: Prospectus Department, 200 West Street, New York, NY 10282, by telephone at 1-866-471-2526, or by emailing [email protected]; J.P. Morgan Securities LLC, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, by telephone at 866-803-9204, or by email at [email protected]; Leerink Partners LLC, Attention: Syndicate Department, 53 State Street, 40th Floor, Boston, MA 02109, by telephone at (800) 808-7525 ext. 6105, or by email at [email protected]; Citigroup Global Markets Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, by telephone at 1-800-831-9146; or Stifel, Nicolaus & Company, Incorporated, Attention: Syndicate, One Montgomery Street, Suite 3700, San Francisco, CA 94104, by telephone at (415) 364-2720 or by emailing [email protected].

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

About Seaport Therapeutics

Seaport Therapeutics is a clinical-stage therapeutics company focused on inventing and developing new medicines for patients with depression, anxiety, and other debilitating neuropsychiatric disorders. Through its differentiated approach, the Company identifies clinically validated mechanisms with established efficacy and safety which had historically been limited by high first-pass metabolism, low bioavailability, and/or side effects. Seaport applies its proprietary GlyphTM platform to overcome those limitations and invent innovative oral therapies. With an experienced team of industry leaders, Seaport has a proven track record in neuropsychiatry drug discovery and development and delivering successful business outcomes. Seaport aims to develop novel, leading treatment options that will make a significant impact for patients and their families.

Cautionary Note Regarding Forward-Looking Statements

This press release includes certain disclosures that contain “forward-looking statements,” including, without limitation, statements regarding Seaport Therapeutics’ expectations regarding the commencement of trading of its shares on the Nasdaq Global Select Market, the completion and timing of the closing of the offering and the anticipated gross proceeds from the offering. Forward-looking statements are based on Seaport Therapeutics’ current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict. Factors that could cause actual results to differ include, but are not limited to, risks and uncertainties related to the satisfaction of customary closing conditions and the completion of the offering, and the risks inherent in biopharmaceutical product development. These and other risks and uncertainties are described more fully in the section titled “Risk Factors” section of the registration statement filed with the Securities and Exchange Commission. Forward-looking statements contained in this announcement are made as of this date, and Seaport Therapeutics undertakes no duty to update such information except as required under applicable law. Readers should not rely upon the information on this page as current or accurate after its publication date.

Seaport Therapeutics

Media Contact:

Shannon Costello

Vice President, Communications

[email protected]

Investor Contact:

Adam Bero, Ph.D.

Head of Investor Relations

[email protected]

KEYWORDS: Massachusetts United States North America

INDUSTRY KEYWORDS: Science Neurology Biotechnology Research Pharmaceutical Health Mental Health Clinical Trials

MEDIA:

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