Market Newsdesk

COSTA MESA, Calif., Aug. 27, 2026 (GLOBE NEWSWIRE) — Ducommun Incorporated (NYSE: DCO) (“Ducommun” or the “Company”) announced today that Stephen G. Oswald, the Company’s chairman, president and chief executive officer, will participate in the upcoming 9th Annual B. Riley Consumer & TMT Conference on September 10, 2026, with one-on-one investor meetings scheduled throughout the day.

Institutional investors are welcome to contact B. Riley to arrange one-on-one meetings with management.

About Ducommun Incorporated

Ducommun Incorporated delivers value-added innovative products, aftermarket and manufacturing solutions to customers in the aerospace, defense and space markets and aspires to contribute to the advancement of those industries. Founded in 1849, the Company specializes in two core areas — Electronic Systems and Structural Systems — to produce complex products and components for commercial aircraft platforms and mission-critical military and space programs. For more information, visit Ducommun.com.

Contacts

Suman Mookerji, Senior Vice President and Chief Financial Officer
657.335.3665, [email protected]

SHANGHAI, Aug. 27, 2026 (GLOBE NEWSWIRE) — Bilibili Inc. (“Bilibili” or the “Company”) (Nasdaq: BILI and HKEX: 9626), an iconic brand and a leading video community for young generations in China, today announced its unaudited financial results for the second quarter ended June 30, 2026.

Second Quarter 2026 Highlights:

• Average daily active users (DAUs) were 116.5 million, representing an increase of 7% year over year. Average daily time spent was 113 minutes, driving total user time spent up by 14% year over year.
• Total net revenues were RMB7.94 billion (US$1.17 billion), representing an increase of 8% year over year. Advertising revenues, a key driver of total net revenues, were RMB3.13 billion (US$461.4 million), representing an increase of 28% year over year.
• Gross profit was RMB2.95 billion (US$435.5 million), representing an increase of 10% year over year. Gross profit margin reached 37.2%, improving from 36.5% in the same period of 2025.
• Net profit was RMB339.1 million (US$50.0 million), representing an increase of 55% year over year. Net profit margin was 4.3%, improving from 3.0% in the same period of 2025.
• Adjusted net profit
  
  ¹
  was RMB703.6 million (US$103.7 million), representing an increase of 25% year over year. Adjusted net profit margin¹ was 8.9%, improving from 7.6% in the same period of 2025.

“We delivered a solid second quarter with continued growth across our ecosystem,” said Mr. Rui Chen, Chairman and Chief Executive Officer of Bilibili. “Our high-quality content and interest-based community continue to deepen user engagement, driving DAUs to 117 million, monthly active users to 371 million, and total user time spent up by over 14% year over year. In an era where content is abundant yet attention is scarce, quality and emotional connection matter more than ever, and Bilibili represents the best combination of both in today’s internet landscape. As AI enables us to fulfill this mission with greater precision and scale, we remain highly confident in our trajectory ahead.”

Mr. Sam Fan, Chief Financial Officer of Bilibili, said, “We delivered another quarter of solid financial performance, with continued revenue growth and profit expansion. Total net revenues increased 8% year over year to RMB7.9 billion, while gross profit grew 10% year over year and gross margin expanded to 37.2%, marking our 16th consecutive quarter of margin improvement. Supported by continued topline growth and stronger operating leverage, net profit increased by 55% year over year. Looking ahead, we will remain disciplined in our investments and actively return value through our share repurchase program, delivering sustainable long-term value for our shareholders.”

Second Quarter 2026 Financial Results

Total net revenues. Total net revenues were RMB7.94 billion (US$1.17 billion), representing an increase of 8% from the same period of 2025.

Advertising. Revenues from advertising were RMB3.13 billion (US$461.4 million), representing an increase of 28% from the same period of 2025, mainly attributable to the Company’s improved advertising product offerings and enhanced advertising efficiency.

Value-added services (VAS). Revenues from VAS were RMB2.97 billion (US$437.3 million), representing an increase of 5% from the same period of 2025, mainly attributable to increased revenues from premium memberships and other value-added services.

Mobile games. Revenues from mobile games were RMB1.39 billion (US$205.1 million), representing a decrease of 14% from the same period of 2025, mainly attributable to a high base effect, reflecting the exceptional performance of San Guo: Mou Ding Tian Xia in the prior-year period as the title now transitions into a stable and mature life cycle.

IP derivatives and others. Revenues from IP derivatives and others were RMB449.8 million (US$66.3 million), representing an increase of 2% from the same period of 2025.

Cost of revenues. Cost of revenues was RMB4.98 billion (US$734.7 million), representing an increase of 7% from the same period of 2025. Revenue-sharing costs, a key component of cost of revenues, were RMB3.08 billion (US$453.6 million), representing an increase of 4% from the same period of 2025.

Gross profit. Gross profit was RMB2.95 billion (US$435.5 million), representing an increase of 10% from the same period of 2025, primarily driven by the growth in total net revenues, which outpaced the increase in cost of revenues, as the Company enhanced its monetization efficiency.

Total operating expenses.
 Total operating expenses were RMB2.58 billion (US$380.6 million), representing an increase of 7% from the same period of 2025.

Sales and marketing expenses. Sales and marketing expenses were RMB1.06 billion (US$156.6 million), representing an increase of 1% from the same period of 2025.

General and administrative expenses. General and administrative expenses were RMB510.8 million (US$75.3 million), flat with the same period of 2025.

Research and
development expenses. Research and development expenses were RMB1.01 billion (US$148.7 million), representing an increase of 16% from the same period of 2025. The increase was primarily due to higher expenses related to server depreciation.

Profit from operations. Profit from operations was RMB372.9 million (US$55.0 million), representing an increase of 48% year over year.

Adjusted profit from operations¹. Adjusted profit from operations was RMB696.2 million (US$102.6 million), representing an increase of 21% from the same period of 2025.

Total other expenses, net.
 Total other expenses were RMB1.4 million (US$0.2 million), compared with total other expenses of RMB7.0 million in the same period of 2025.

Income tax expense. Income tax expense was RMB32.4 million (US$4.8 million), compared with RMB26.4 million in the same period of 2025.

Net profit. Net profit was RMB339.1 million (US$50.0 million), representing an increase of 55% from the same period of 2025.

Adjusted net profit¹. Adjusted net profit was RMB703.6 million (US$103.7 million), representing an increase of 25% from the same period of 2025.

Basic and diluted EPS and adjusted basic and diluted EPS¹.
 Basic and diluted earnings per share were RMB0.82 (US$0.12) and RMB0.78 (US$0.11), respectively, compared with basic and diluted net profit per share of RMB0.52 and RMB0.51, respectively, in the same period of 2025. Adjusted basic and diluted earnings per share were RMB1.69 (US$0.25) and RMB1.58 (US$0.23), respectively, compared with RMB1.34 and RMB1.29, respectively, in the same period of 2025.

Cash and cash equivalents, time deposits and short-term investments. As of June 30, 2026, the Company had cash and cash equivalents, time deposits and short-term investments of RMB24.30 billion (US$3.58 billion).

Share Repurchase Program

Pursuant to the Company’s two-year US$300 million share repurchase program, which was approved by the Board of Directors in June 2026 (the “2026 Program”), a total of 1.9 million of the Company’s listed securities have been purchased for a total cost of approximately US$31.3 million as of June 30, 2026. From the beginning of 2026 through the date of this announcement, a total of 5.8 million of the Company’s listed securities have been purchased for a total cost of approximately US$118 million, pursuant to the 2026 Program and the previous share repurchase program approved in November 2024.

¹ _{Adjusted net profit, adjusted net profit margin, adjusted profit from operations and adjusted basic and diluted EPS are non-GAAP financial measures. For more information on non-GAAP financial measures, please see the section “Use of Non-GAAP Financial Measures” and the table captioned “Unaudited Reconciliations of GAAP and Non-GAAP Results.”}

Conference Call

The Company’s management will host an earnings conference call at 8:00 AM U.S. Eastern Time on August 27, 2026 (8:00 PM Beijing/Hong Kong Time on August 27, 2026). Details for the conference call are as follows:

Event Title:	Bilibili Inc. Second Quarter 2026 Earnings Conference Call
Registration Link:	https://register-conf.media-server.com/register/BI014b9f2c1441432badb1e9e1353bfea7

All participants must use the link provided above to complete the online registration process in advance of the conference call. Upon registering, each participant will receive a set of participant dial-in numbers and a personal PIN, which will be used to join the conference call.

Additionally, a live webcast of the conference call will be available on the Company’s investor relations website at http://ir.bilibili.com, and a replay of the webcast will be available following the session.

About Bilibili Inc.

Bilibili is an iconic brand and a leading video community with a mission to enrich the everyday lives of young generations in China. Bilibili offers a wide array of video-based content with “All the Videos You Like” as its value proposition. Bilibili builds its community around aspiring users, high-quality content, talented content creators and the strong emotional bonds among them. Bilibili pioneered the “bullet chatting” feature, a live comment function that has transformed users’ viewing experience by displaying the thoughts and feelings of audience members viewing the same video. The Company has now become the welcoming home of diverse interests among young generations in China and a frontier for promoting Chinese culture around the world.

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

Use of Non-GAAP Financial Measures

The Company uses non-GAAP financial measures such as adjusted profit from operations, adjusted net profit, adjusted net profit margin, adjusted net profit per share and per ADS, basic and diluted and adjusted net profit attributable to Bilibili Inc.’s shareholders in evaluating its operating results and for financial and operational decision-making purposes. The Company believes that the non-GAAP financial measures help identify underlying trends in its business by excluding the impact of share-based compensation expenses, amortization expense related to intangible assets acquired through business acquisitions, income tax related to intangible assets acquired through business acquisitions, loss on fair value change in investments in publicly traded companies and loss on repurchase of convertible senior notes. The Company calculates adjusted net profit margin by dividing the adjusted net profit by revenue for the same period. The Company believes that the non-GAAP financial measures provide useful information about the Company’s results of operations, enhance the overall understanding of the Company’s past performance and future prospects and allow for greater visibility with respect to key metrics used by the Company’s management in its financial and operational decision-making.

The non-GAAP financial measures are not defined under U.S. GAAP and are not presented in accordance with U.S. GAAP and therefore, may not be comparable to similar measures presented by other companies. The non-GAAP financial measures have limitations as analytical tools, and when assessing the Company’s operating performance, cash flows or liquidity, investors should not consider them in isolation, or as a substitute for net profit, cash flows provided by operating activities or other consolidated statements of operations and cash flows data prepared in accordance with U.S. GAAP.

The Company mitigates these limitations by reconciling the non-GAAP financial measures to the most comparable U.S. GAAP performance measures, all of which should be considered when evaluating the Company’s performance.

For more information on the non-GAAP financial measures, please see the table captioned “Unaudited Reconciliations of GAAP and Non-GAAP Results.”

Exchange Rate Information

This announcement contains translations of certain RMB amounts into U.S. dollars (“US$”) at specified rates solely for the convenience of the reader. Unless otherwise stated, all translations from RMB to US$ were made at the rate of RMB6.7851 to US$1.00, the exchange rate on June 30, 2026 set forth in the H.10 statistical release of the Federal Reserve Board. The Company makes no representation that the RMB or US$ amounts referred to could be converted into US$ or RMB, as the case may be, at any particular rate or at all.

Safe Harbor Statement

This announcement contains forward-looking statements. These statements are made under 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,” “confident,” “potential,” “continue,” or other similar expressions. Among other things, outlook and quotations from management in this announcement, as well as Bilibili’s strategic and operational plans, contain forward-looking statements. Bilibili 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 interim and annual reports to shareholders, in announcements, circulars or other publications made on the website of The Stock Exchange of Hong Kong Limited (the “Hong Kong Stock Exchange”), 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 but not limited to statements about Bilibili’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: results of operations, financial condition, and stock price; Bilibili’s strategies; Bilibili’s future business development, financial condition and results of operations; Bilibili’s ability to retain and increase the number of users, members and advertising customers, provide quality content, products and services, and expand its product and service offerings; competition in the online entertainment industry; Bilibili’s ability to maintain its culture and brand image within its addressable user communities; Bilibili’s ability to manage its costs and expenses; PRC governmental policies and regulations relating to the online entertainment industry, 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 the Company’s filings with the SEC and the Hong Kong Stock Exchange. All information provided in this announcement and in the attachments is as of the date of the announcement, and the Company undertakes no duty to update such information, except as required under applicable law.

For investor and media inquiries, please contact:

In China:

Bilibili Inc.
Juliet Yang
Tel: +86-21-2509-9255 Ext. 8523
E-mail: [email protected]

Piacente Financial Communications 
Helen Wu
Tel: +86-10-6508-0677
E-mail: [email protected]

In the United States:

Piacente Financial Communications 
Brandi Piacente
Tel: +1-212-481-2050
E-mail: [email protected]

BILIBILI INC. Unaudited Condensed Consolidated Statements of Operations (All amounts in thousands, except for share and per share data)
	For the Three Months Ended									For the Six Months Ended
	June 30,			March 31,			June 30,			June 30,			June 30,
	2025			2026			2026			2025			2026
	RMB			RMB			RMB			RMB			RMB
Net revenues:
Value-added services (VAS)	2,836,596			2,912,485			2,967,415			5,643,936			5,879,900
Advertising	2,448,888			2,588,788			3,130,759			4,446,523			5,719,547
Mobile games	1,612,333			1,522,552			1,391,902			3,343,488			2,914,454
IP derivatives and others	439,873			448,210			449,847			906,991			898,057
Total net revenues	7,337,690			7,472,035			7,939,923			14,340,938			15,411,958
Cost of revenues	(4,661,844	)		(4,698,795	)		(4,984,967	)		(9,125,994	)		(9,683,762	)
Gross profit	2,675,846			2,773,240			2,954,956			5,214,944			5,728,196
Operating expenses:
Sales and marketing expenses	(1,048,189	)		(1,152,711	)		(1,062,592	)		(2,215,164	)		(2,215,303	)
General and administrative expenses	(509,631	)		(532,667	)		(510,848	)		(1,025,269	)		(1,043,515	)
Research and development expenses	(866,414	)		(921,107	)		(1,008,646	)		(1,707,891	)		(1,929,753	)
Total operating expenses	(2,424,234	)		(2,606,485	)		(2,582,086	)		(4,948,324	)		(5,188,571	)
Profit from operations	251,612			166,755			372,870			266,620			539,625
Other (expense)/income:
Investment (loss)/income, net (including impairments)	(56,875	)		64,551			(74,102	)		(119,078	)		(9,551	)
Interest income	101,639			107,832			100,895			195,812			208,727
Interest expense	(35,506	)		(39,337	)		(37,549	)		(68,077	)		(76,886	)
Exchange losses	(11,710	)		(74,555	)		(89,671	)		(23,369	)		(164,226	)
Debt extinguishment loss	(2	)		–			–			(2	)		–
Others, net	(4,518	)		(3,963	)		99,050			(6,355	)		95,087
Total other (expense)/income, net	(6,972	)		54,528			(1,377	)		(21,069	)		53,151
Profit before income tax	244,640			221,283			371,493			245,551			592,776
Income tax expense	(26,357	)		(19,288	)		(32,417	)		(37,945	)		(51,705	)
Net profit	218,283			201,995			339,076			207,606			541,071
Net loss attributable to noncontrolling interests	719			7,784			4,653			2,294			12,437
Net profit attributable to Bilibili Inc.’s shareholders	219,002			209,779			343,729			209,900			553,508
Net profit per share, basic	0.52			0.50			0.82			0.50			1.32
Net profit per ADS, basic	0.52			0.50			0.82			0.50			1.32
Net profit per share, diluted	0.51			0.48			0.78			0.49			1.25
Net profit per ADS, diluted	0.51			0.48			0.78			0.49			1.25
Weighted average number of ordinary shares, basic	419,443,582			419,457,332			418,461,204			419,763,214			418,956,516
Weighted average number of ADS, basic	419,443,582			419,457,332			418,461,204			419,763,214			418,956,516
Weighted average number of ordinary shares, diluted	437,370,780			459,453,791			453,578,335			431,601,628			456,513,310
Weighted average number of ADS, diluted	437,370,780			459,453,791			453,578,335			431,601,628			456,513,310

The accompanying notes are an integral part of this press release.

BILIBILI INC. Notes to Unaudited Financial Information (All amounts in thousands, except for share and per share data)
	For the Three Months Ended						For the Six Months Ended
	June 30,		March 31,		June 30,		June 30,		June 30,
	2025		2026		2026		2025		2026
	RMB		RMB		RMB		RMB		RMB
Share-based compensation expenses included in:
Cost of revenues	26,314		29,407		28,078		50,310		57,485
Sales and marketing expenses	19,800		23,828		22,122		36,217		45,950
General and administrative expenses	137,165		155,814		135,717		281,662		291,531
Research and development expenses	101,568		107,364		96,771		207,423		204,135
Total	284,847		316,413		282,688		575,612		599,101

BILIBILI INC. Unaudited Condensed Consolidated Balance Sheets (All amounts in thousands, except for share and per share data)
	December 31,			June 30,
	2025			2026
	RMB			RMB
Assets
Current assets:
Cash and cash equivalents	12,183,538			5,163,796
Time deposits	5,522,327			9,766,542
Restricted cash	50,800			800
Accounts receivable, net	1,268,219			1,681,119
Prepayments and other current assets	2,077,999			2,190,632
Short-term investments	6,447,197			9,369,368
Total current assets	27,550,080			28,172,257
Non-current assets:
Property and equipment, net	695,105			2,076,571
Production cost, net	1,599,896			1,376,169
Intangible assets, net	3,109,603			2,893,031
Goodwill	2,818,125			2,818,125
Long-term investments, net	4,761,653			4,570,559
Other long-term assets	633,301			572,862
Total non-current assets	13,617,683			14,307,317
Total assets	41,167,763			42,479,574
Liabilities
Current liabilities:
Accounts payable	5,497,415			6,283,459
Salary and welfare payables	1,710,322			1,485,188
Taxes payable	405,887			400,415
Short-term loans and current portion of long-term debts	4,860,846			4,878,643
Deferred revenue	4,661,863			4,636,240
Accrued liabilities and other payables	3,190,679			3,705,014
Total current liabilities	20,327,012			21,388,959
Non-current liabilities:
Long-term debts	4,775,871			4,635,647
Other long-term liabilities	516,317			540,847
Total non-current liabilities	5,292,188			5,176,494
Total liabilities	25,619,200			26,565,453
Total Bilibili Inc.’s shareholders’ equity	15,573,282			15,951,277
Noncontrolling interests	(24,719	)		(37,156	)
Total shareholders’ equity	15,548,563			15,914,121
Total liabilities and shareholders’ equity	41,167,763			42,479,574

BILIBILI INC.
Unaudited Reconciliations of GAAP and Non-GAAP Results
(All amounts in thousands, except for share and per share data)
	For the Three Months Ended									For the Six Months Ended
	June 30,			March 31,			June 30,			June 30,			June 30,
	2025			2026			2026			2025			2026
	RMB			RMB			RMB			RMB			RMB
Profit from operations	251,612			166,755			372,870			266,620			539,625
Add:
Share-based compensation expenses	284,847			316,413			282,688			575,612			599,101
Amortization expense related to intangible assets acquired through business acquisitions	36,692			40,687			40,687			73,384			81,374
Adjusted profit from operations	573,151			523,855			696,245			915,616			1,220,100
Net profit	218,283			201,995			339,076			207,606			541,071
Add:
Share-based compensation expenses	284,847			316,413			282,688			575,612			599,101
Amortization expense related to intangible assets acquired through business acquisitions	36,692			40,687			40,687			73,384			81,374
Income tax related to intangible assets acquired through business acquisitions	(4,136	)		(1,731	)		(1,731	)		(8,272	)		(3,462	)
Loss on fair value change in investments in publicly traded companies	25,641			28,066			42,907			74,510			70,973
Loss on repurchase of convertible senior notes	2			–			–			2			–
Adjusted net profit	561,329			585,430			703,627			922,842			1,289,057
Net profit margin	3.0	%		2.7	%		4.3	%		1.4	%		3.5	%
Adjusted net profit margin	7.6	%		7.8	%		8.9	%		6.4	%		8.4	%
Net loss attributable to noncontrolling interests	719			7,784			4,653			2,294			12,437
Adjusted net profit attributable to Bilibili Inc.’s shareholders	562,048			593,214			708,280			925,136			1,301,494
Adjusted net profit per share, basic	1.34			1.41			1.69			2.20			3.11
Adjusted net profit per ADS, basic	1.34			1.41			1.69			2.20			3.11
Adjusted net profit per share, diluted	1.29			1.31			1.58			2.15			2.89
Adjusted net profit per ADS, diluted	1.29			1.31			1.58			2.15			2.89
Weighted average number of ordinary shares, basic	419,443,582			419,457,332			418,461,204			419,763,214			418,956,516
Weighted average number of ADS, basic	419,443,582			419,457,332			418,461,204			419,763,214			418,956,516
Weighted average number of ordinary shares, diluted	437,370,780			459,453,791			453,578,335			431,601,628			456,513,310
Weighted average number of ADS, diluted	437,370,780			459,453,791			453,578,335			431,601,628			456,513,310

HOUSTON, Aug. 27, 2026 (GLOBE NEWSWIRE) — KBR (NYSE: KBR) announced that its Mission Technology Solutions business, which will be named Trinzic after its planned spin-off, has been awarded a Workplace Services Management (WSM) contract by the UK Ministry of Justice (MoJ), strengthening a trusted partnership and building on more than eight years of delivery across the MoJ estate.

The award positions KBR at the heart of the Ministry’s Property Transformation Programme (PTP) – one of the largest and most ambitious transformation initiatives across the UK Government. The programme is designed to modernise facilities management delivery by enhancing service quality, improving data and digital capabilities, upgrading IT systems, and embedding consistent professional and functional standards across the estate.

This contract expands the scope of services KBR will provide to the Ministry of Justice, with services now extending across the entire prison and probation estate in alignment with the PTP vision. Through this role, KBR will support the MoJ in evolving its operating model to ensure facilities management services remain compliant, efficient, and aligned with departmental and wider government strategies through 2030 and beyond.

Under the WSM contract, KBR will deploy its integrated Estates Intelligence assurance solution, combining deep asset management expertise with insights and advanced and predictive analytics. This capability is enabled by KBR’s proprietary VIAverse® platform, which enhances data transparency, performance monitoring, and decision-making across large, complex estates – key enablers of the MoJ’s transformation objectives.

The contract has a duration of five years with two one-year extension options (5+1+1). Mobilisation will begin in the third quarter of 2026, with full-service commencement scheduled for 1 June 2027.

Paul O’Shaughnessy, Vice President – KBR Mission Tech UK, said, “This award underscores the strength and longevity of our partnership with the UK Ministry of Justice and recognises KBR’s ability to deliver mission-critical programmes with certainty and pace, bringing a proven track record of operational performance at the forefront of major government transformation programmes.”

This win further reinforces KBR’s position as a trusted delivery partner to UK government – applying integrated delivery, logistics, and commercial innovation to accelerate capability deployment, share and improve value for money.

A Ministry of Justice spokesperson said: “The award of the Workplace Services Management contract is a significant milestone in transforming how we manage the prison and probation estate.

This new service will give the department stronger oversight, better data and improved assurance, helping us hold suppliers to account and deliver more consistent, reliable services.

Ultimately, it will support better working environments for staff and safer, more effective places for those in our care.”

About KBR

We deliver science, technology and engineering solutions to governments and companies around the world. KBR employs approximately 37,000 people worldwide with customers in more than 80 countries and operations in over 29 countries. KBR is proud to work with its customers across the globe to provide technology, value-added services, and long-term operations and maintenance services to ensure consistent delivery with predictable results. At KBR, We Deliver.

Visit www.kbr.com

About Trinzic

KBR’s Mission Technology Solutions business is expected to be spun off as an independent public company in January 2027 and will then operate under the new name Trinzic. The name is inspired by the word intrinsic, reflecting the essential capabilities, deep expertise, speed and trusted performance that have defined the business for decades. Trinzic will enter the market as a global company and partner to customers supporting some of the highest priority missions across national security, human performance, global operations and space. Trinzic will launch with more than $5 billion in annual revenue, established partnerships and contracts, 18,000 employees and a global footprint.

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

For further information, please contact:

Investors


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

Media


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

• Operational and financial results demonstrate early progress of Focus 2030 strategy.
• Successful launch of the first PHEV model contributed to 39% YoY growth in deliveries to 3,904 vehicles.
• Total revenues of $268 million, up 23% YoY, driven by strong momentum in the China market.
• Gross margin expanded to 10%, supported by an optimized product mix.
• Operating loss narrowed by 63% YoY, driven by cost discipline, improving operating leverage, and a one-off license fee refund.
• Lotus Tech has completed the acquisition of 100% equity interest of Lotus UK, integrating all businesses and operations under One Lotus.
• Continued shareholder support with $128 million in funding.

NEW YORK, Aug. 27, 2026 (GLOBE NEWSWIRE) — Lotus Technology Inc. (Nasdaq: LOT) (“Lotus Tech” or the “Company”), a leading global intelligent and luxury mobility provider, today announced its unaudited financial results for the half year ended June 30, 2026.

Operating Highlights of the First Half of 2026

In the first half of 2026, the Company recorded total deliveries¹ of 3,904 units, up 39% YoY, outperforming the referenced traditional premium and luxury peers². Growth was driven by the successful launch of the new PHEV model, Eletre X, which resonated strongly with customers and expanded the brand’s reach into new segments.

The introduction of Eletre X has accelerated the Company’s product mix transition, with contribution of lifestyle vehicles to total deliveries increasing to 77%, while maintaining stable performance in its sports car segment. Eletre X has been delivered in China and six international markets. Deliveries in mainland Europe are expected to commence in the fourth quarter of 2026, followed by the UK in mid-2027.

Regionally, China experienced strong growth in total deliveries with an increase of 60% YoY, outpacing the premium passenger automotive segment³ amid an increasingly competitive landscape.

Financial results improved during the period. Total revenues were $268 million, an increase of 23% YoY. Gross profit improved to $26 million, with gross margin expanding to 10%, driven by an optimized product mix. Operating loss narrowed by 63% YoY, reflecting disciplined financial management, improving operating leverage, and a one-off refund of the license fee in connection with adjustments to the product pipeline⁴.

On August 21, the Company completed the previously announced acquisition of Lotus UK. The integration brings together British sports car expertise and advanced technology development, and is expected to create a unique position within the luxury automotive sector, with a unified brand, streamlined governance, and enhanced synergies.

The achievements underscore the early success of the Company’s Focus 2030 strategy, which is centered on brand reinforcement, multi-powertrain strategy, close partner collaboration, and financial discipline. The strong market reception of Eletre X validates the Company’s multi-powertrain strategy, while margin expansion and a significantly narrowed operating loss reflect continued financial discipline. The integration resulting from the Lotus UK acquisition is expected to further strengthen brand management and operational efficiency.

The Company also continues to benefit from the strong support from its major shareholders and strategic partners. During the first half of 2026, it secured $128 million in funding from Geely, reinforcing confidence in its long-term strategy and providing a foundation for continued growth.

Deliveries 1 by Model Type
	Half Year 2026	Half Year 2025	% Change (YoY)
Lifestyle SUV and Sedan	3,008	1,922	57%
Sports Cars	896	891	1%
Total	3,904	2,813	39 %

Deliveries 1 by Region
	Half Year 2026			Half Year 2025
	Units	Region %	Units	Region %
China	2,248	58%	1,403	50%
Europe	716	18%	858	31%
Americas5	631	16%	435	15%
Rest of the World	309	8%	117	4%
Total	3,904	100 %	2,813	100 %

Financial Highlights of the First Half of 2026

• Total revenues were $268 million, up 23% YoY.
  
• Gross margin was 10%, versus 8% for the first half of 2025.
• Operating loss was $97 million, narrowed by 63% YoY.
• Net loss was $151 million, narrowed by 52% YoY.
• Adjusted EBITDA (non-GAAP) was a loss of $104 million, narrowed by 57% YoY.

Key Financial Results The table below summarizes key preliminary financial results for the six months ended June 30, 2026. (in millions of U.S. dollars, unaudited)
	Half Year 2026	Half Year 2025	% Change (YoY)
Revenues	268	218	23%
Cost of revenues	(242)	(200)	21%
Gross profit	26	18	47%
Gross margin (%)	10%	8%
Operating loss	(97)	(263)	(63%)
Net loss	(151)	(313)	(52%)
Adjusted net loss(A)	(149)	(311)	(52%)
Adjusted EBITDA(A)	(104)	(240)	(57%)

(A) Non-GAAP measure. See “Non-GAAP Financial Measures” and “Appendix C – Unaudited Reconciliation of GAAP and Non-GAAP Results (Adjusted net loss/Adjusted EBITDA)” for details and a reconciliation of adjusted metrics to the nearest GAAP measure.

Recent Developments

• Eletre Launched in Canada: On April 23, Eletre EVs debuted in the Canadian market, making them the first Chinese-built luxury EVs available for purchase in Canada and making another milestone in the Company’s international expansion strategy.

• Emira 420 Sport: In May, Lotus introduced the Emira 420 Sport, further strengthening its sports car portfolio and reinforcing the brand’s commitment to preserving its track-bred DNA.

• Type 135 Supercar for 2028: Lotus has officially announced the development of a new mid-engine V8 hybrid supercar, internally codenamed Type 135, scheduled for release in 2028, underscoring its long-term commitment to high-performance vehicles.

• Eletre X Orders Open in Mainland Europe: On June 3, Eletre X became available to order in mainland Europe, representing an important step in the international rollout of the Company’s first PHEV model. Customer deliveries are expected to commence in the fourth quarter of 2026.

• 2025 Sustainability Report: On June 18, Lotus released its 2025 Sustainability Report, highlighting continued progress in embedding sustainability across its global operations.

• Emira Scura Limited Edition Launched: On July 26, Lotus launched the Emira Scura Limited Edition in China. Arriving 17 years after the Exige Scura, the Emira Scura pays homage to that model with a similarly striking design and is limited to just 9 units in China and 60 units in North America.

• Emeya Sets New Electric Vehicle Lap Record: On July 20, Lotus Emeya set a new record at Malaysia’s renowned Sepang International Circuit, reinforcing the brand’s performance credentials.

• Strategic Collaboration: On July 28, the Company announced a strategic collaboration with Finloop Finance Technology, an AI-driven global one-stop Web5 (Web2+Web3) wealth technology platform, and FOMO Pay, a leading Singapore-headquartered payment institution, to explore digital asset and real-world asset (RWA) tokenization in the luxury mobility sector.

CEO and CFO Comments

Mr. Qingfeng Feng, Chief Executive Officer, commented: “Our first-half performance demonstrates clear progress in executing our transformational Focus 2030 strategy. The strong demand for our new PHEV validates our multi-powertrain approach and expands our addressable market. We are encouraged by the improvement in both scale and operating performance, and remain focused on delivering sustainable, long-term value. Looking ahead, we remain fully committed to our Focus 2030 strategy, building on the momentum of our multi-powertrain approach, expanding internationally and further enhancing operating efficiency, while continuing to strengthen Lotus’ track-bred DNA through vehicles such as the Emira 420 Sport and the upcoming V8 hybrid sports car, Type 135.”

Dr. Daxue Wang, Chief Financial Officer, commented: “We are seeing tangible results from our disciplined financial management and improving operating leverage. Margin expansion and significant reduction in operating loss highlight the effectiveness of our product strategy and cost control. With continued support from our shareholders, we are well positioned to further strengthen our financial performance in the coming periods.”

Conference Call

Lotus Tech management will host an earnings conference call at 8:00 AM U.S. Eastern Time on Thursday, August 27, 2026 (14:00 Central European Time / 20:00 China Standard Time on the same day).

There will be a live audio webcast and limited-time replay available on the Company’s investor relations website at https://ir.group-lotus.com/news-events/events/

Participants who wish to view the live webcast may register at https://edge.media-server.com/mmc/p/fna84dsa

Participants who wish to join the conference call, please complete online registration prior to the scheduled call start time using the link provided below. Upon registration, participants will receive a confirmation email with conference call access information, including dial-in numbers and a unique PIN. Participant online registration link: https://register-conf.media-server.com/register/BIb14ba874347b4170a033130cedc8bcac

Note 1: Including commissioned deliveries in the U.S. market.

Note 2: Based on publicly disclosed information of Ferrari, Lamborghini, Aston Martin, Rolls-Royce, Porsche, BMW, Mercedes-Benz, Audi, and Volvo.

Note 3: Based on market data of retail sales volume in the first half of 2026 in mainland China. Premium auto segment refers to passenger vehicles priced over RMB 400,000.

Note 4: Excluding the one‑off license fee refund, the operating loss in the first half of 2026 was $195 million, narrowed by 26% YoY.

Note 5: Americas includes the U.S., Canada and South America.

About Lotus Technology Inc.

Lotus Technology Inc. has operations across the UK, the EU, the US and China. The Company is dedicated to delivering high-performance sports cars and luxury lifestyle electric vehicles under Lotus Brand, a global performance brand built on solid foundations and a rich heritage, with a focus on world-class R&D in next-generation automobility technologies and designs to meet its uncompromising vision of how a car should look, perform and feel. For more information about Lotus Technology Inc., please visit www.group-lotus.com.

Non-GAAP Financial Measures

The Company uses non-GAAP financial measures, including adjusted net loss and adjusted EBITDA in evaluating its operating results and for financial and operational decision-making purposes. Adjusted net loss represents net loss excluding share-based compensation expenses, and such adjustment has no impact on income tax. Lotus Tech defines adjusted EBITDA as net loss excluding interest income, interest expense, income tax expenses, depreciation of property, equipment and software, and share-based compensation expenses. The Company believes that non-GAAP financial measures help identify underlying trends in its business and enhance the overall understanding of the Company’s past performance and future prospects. The Company also believes that non-GAAP financial measures allow for greater visibility with respect to key metrics used by the Company’s management in its financial and operational decision-making.

Non-GAAP financial measures are not presented in accordance with U.S. GAAP and may be different from non-GAAP methods of accounting and reporting used by other companies. Non-GAAP financial measures have limitations as analytical tools and when assessing the Company’s operating performance, investors should not consider them in isolation, or as a substitute for financial information prepared in accordance with U.S. GAAP. The Company encourages investors and others to review its financial information in its entirety and not rely on a single financial measure. The Company mitigates these limitations by reconciling non-GAAP financial measures to the most comparable U.S. GAAP performance measures, all of which should be considered when evaluating the Company’s performance. For more information on non-GAAP financial measures, please see “Appendix C – Unaudited Reconciliation of GAAP and Non-GAAP Results (Adjusted net loss/Adjusted EBITDA)” set forth at the end of this press release.

Forward-Looking Statements

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. All statements other than statements of historical fact are forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as “may”, “should”, “expect”, “intend”, “will”, “estimate”, “anticipate”, “believe”, “predict”, “potential”, “forecast”, “plan”, “seek”, “future”, “propose” or “continue”, or the negatives of these terms or variations of them or similar terminology although not all forward-looking statements contain such terminology. Forward-looking statements involve inherent risks and uncertainties, including those identified under the heading “Risk Factors” in the Company’s filings with the U.S. Securities and Exchange Commission. All information provided in this press release is as of the date of this press release, and Lotus Tech undertakes no obligation to update any forward-looking statement, except as required under applicable law.

Contact Information

For investor inquiries


[email protected]

Appendix A

Lotus Technology Inc.

Unaudited Condensed Consolidated Balance Sheets

(All amounts in thousands)

	As of
	June 30, 2026			December 31, 2025
	US$			US$
ASSETS
Current assets
Cash and cash equivalents	80,378			73,431
Restricted cash	269,593			375,865
Accounts receivable – third parties, net	30,584			36,850
Accounts receivable – related parties, net	59,734			114,126
Inventories	170,371			121,361
Prepayments and other current assets – third parties, net	85,925			77,570
Prepayments and other current assets – related parties, net	112,784			111,886
Total current assets	809,369			911,089
Non-current assets
Restricted cash	209,490			100,981
Loan receivable from a related party	368,584			351,486
Property, equipment and software, net	177,600			226,891
Intangible assets	116,372			116,475
Long-term investments	58,298			48,004
Operating lease right-of-use assets	96,879			118,845
Other non-current assets – third parties	66,867			78,408
Other non-current assets – related parties	587			569
Total non-current assets	1,094,677			1,041,659
Total assets	1,904,046			1,952,748

Lotus Technology Inc.

Unaudited Condensed Consolidated Balance Sheets (Continued)

(All amounts in thousands)

	As of
	June 30, 2026			December 31, 2025
	US$			US$
LIABILITIES AND SHAREHOLDERS’ DEFICIT
Current liabilities
Short-term borrowings – third parties	402,744			479,419
Short-term borrowings – related parties	863,776			784,288
Accounts payable – third parties	23,666			55,032
Accounts payable – related parties	633,627			458,189
Contract liabilities – third parties	26,598			18,459
Operating lease liabilities – third parties	9,146			11,598
Accrued expenses and other current liabilities – third parties	215,523			251,361
Accrued expenses and other current liabilities – related parties	136,886			213,529
Convertible notes – related parties	207,075			126,203
Total current liabilities	2,519,041			2,398,078
Non‑current liabilities
Contract liabilities – third parties	7,578			7,458
Operating lease liabilities – third parties	47,653			57,576
Operating lease liabilities – related parties	2,219			3,105
Warrant liabilities	845			800
Exchangeable notes	–			128,852
Convertible notes – third parties	61,972			73,226
Convertible notes – related parties	–			77,175
Long‑term borrowings	204,644			98,254
Deferred income	330,334			311,912
Deferred tax liabilities	–			698
Other non-current liabilities – third parties	58,527			125,004
Other non-current liabilities – related parties	–			856
Total non‑current liabilities	713,772			884,916
Total liabilities	3,232,813			3,282,994

Lotus Technology Inc.

Unaudited Condensed Consolidated Balance Sheets (Continued)

(All amounts in thousands)

	As of
	June 30, 2026			December 31, 2025
	US$			US$
SHAREHOLDERS’ DEFICIT
Ordinary shares	7			7
Treasury stock	(130,921)			(138,397)
Additional paid-in capital	2,118,617			1,933,992
Accumulated other comprehensive income	(4,772)			39,818
Accumulated deficit	(3,308,860)			(3,157,918)
Total shareholders’ deficit attributable to ordinary shareholders	(1,325,929 )			(1,322,498 )
Noncontrolling interests	(2,838)			(7,748)
Total shareholders’ deficit	(1,328,767 )			(1,330,246 )
Total liabilities and shareholders’ deficit	1,904,046			1,952,748

Appendix B

Lotus Technology Inc.

Unaudited Condensed Consolidated Statements of Comprehensive Loss

(All amounts in thousands, except for share and per share data)

	For the Six Months Ended June 30,
	2026			2025
	US$			US$
Revenues:
Sales of goods	263,256			197,485
Service revenues	4,843			20,841
Total revenues	268,099			218,326
Cost of revenues:
Cost of goods sold	(238,119)			(184,885)
Cost of services	(3,688)			(15,575)
Total cost of revenues	(241,807 )			(200,460 )
Gross profit	26,292			17,866
Operating expenses:
Research and development credit (expenses)	1,565			(92,305)
Selling and marketing expenses	(82,932)			(78,995)
General and administrative expenses	(46,176)			(63,356)
Other operating income	3,839			4,866
Impairment of long-lived assets	–			(51,504)
Total operating expenses	(123,704 )			(281,294 )
Operating loss	(97,412 )			(263,428 )
Interest expenses	(34,300)			(33,641)
Interest income	15,202			13,157
Investment (loss) income, net	(453)			9,400
Foreign currency exchange (losses) gains, net	(21,817)			40,525
Changes in fair values of liabilities, excluding impact of instrument-specific credit risk	(9,948)			(68,084)
Loss before income taxes and share of results of equity method investments	(148,728 )			(302,071 )
Income tax credit (expense)	664			(15,043)
Share of results of equity method investments	(2,878)			4,074
Net loss	(150,942 )			(313,040 )
Less: Net loss attributable to noncontrolling interests	–			(2)
Net loss attributable to ordinary shareholders	(150,942 )			(313,038 )
Loss per ordinary share
—Basic and diluted	(0.23)			(0.47)
Weighted average number of ordinary shares outstanding used in computing net loss per ordinary share
—Basic and diluted	645,541,822			659,335,966

Lotus Technology Inc.

Unaudited Condensed Consolidated Statements of Comprehensive Loss (Continued)

(All amounts in thousands, except for share and per share data)

	For the Six Months Ended June 30,
	2026			2025
	US$			US$
Net loss	(150,942 )			(313,040 )
Other comprehensive (loss) income:
Fair value changes of liabilities due to instrument-specific credit risk, net of nil income taxes	13,664			16,427
Foreign currency translation adjustment, net of nil income taxes	(45,552)			(6,332)
Total other comprehensive (loss) income	(31,888 )			10,095
Total comprehensive loss	(182,830 )			(302,945 )
Less: Total comprehensive loss attributable to noncontrolling interests	–			(2)
Total comprehensive loss attributable to ordinary shareholders	(182,830 )			(302,943 )

Appendix D

Lotus Technology Inc.

Unaudited Reconciliation of GAAP and Non-GAAP Results (Adjusted net loss/Adjusted EBITDA)

(All amounts in thousands)

	For the Six Months Ended June 30,
	2026			2025
	US$			US$
Net loss	(150,942 )			(313,040 )
Share-based compensation expenses	1,635			2,215
Adjusted net loss	(149,307 )			(310,825 )
Net loss	(150,942 )			(313,040 )
Interest expenses	34,300			33,641
Interest income	(15,202)			(13,157)
Income tax (credit) expense	(664)			15,043
Share-based compensation expenses	1,635			2,215
Depreciation	26,920			35,652
Adjusted EBITDA	(103,953 )			(239,646 )

Thursday, August 27, 2026

Dear Shareholders and Investors,

In our report to you a short while ago, we described how Nordic American Tankers Ltd (NAT) fared this summer. Summary:

We succeeded in getting three of our NAT ships through the Hormuz strait, leaving the area. The three ships had been stuck in the Arabian Gulf since February 28th, 2026, when hostilities between Iran and the US began. Two of the ships are now trading internationally and one, built in 2003, has been sold at USD 26 million. Our Hormuz action was essential and solved a serious problem on our hands. NAT is in the best market that we have seen for decades. The vessels collect in the range of USD 60,000 – USD 90,000 a day in the spot market, sometimes even more. The major oil companies are our main customers. Operating costs are below USD 10,000/day, resulting in a substantial accumulation of cash, which now stands at USD 175 million. A month ago, a NAT ship was attacked in the Black Sea, but we managed to get away, and the vessel is out of danger. The safety of the crew is always our main concern. As a policy we ensure that banks do not influence our business. Presently, NAT has the financial partners A) Dallas based Beal Bank and B) Ocean Yield. Although we are only halfway through the year, 2026 promises to be the best year for NAT since it was first listed on the stock exchange in 1995. 

 HIGHLIGHTS:

1. THE DIVIDEND FOR Q2 2026 IS 27 CENTS ($0.27) PER SHARE, UP FROM 22 CENTS IN THE PREVIOUS QUARTER. THIS IS THE 116TH CONSECUTIVE QUARTERLY CASH DIVIDEND SINCE NAT BECAME STOCK LISTED SEPTEMBER 15, 1996. DIVIDEND IS PAYABLE SEPTEMBER 24, 2026, TO SHAREHOLDERS ON RECORD AS OF SEPTEMBER 10, 2026. 
2. THE TIME CHARTER EQUIVALENT (TCE) FOR OUR SHIPS CAME IN AT $63,000 PER DAY PER SHIP DURING THE SECOND QUARTER. THIS COMPARES WITH $47,600 PER DAY PER SHIP IN THE PREVIOUS QUARTER. THIRD QUARTER BOOKINGS CONTINUE THE STRONG TREND WITH ABOUT 75% OF OUR FLEET BOOKED AT ABOUT $54,000 PER DAY PER SHIP.
3. THE NET RESULT FOR THE SECOND QUARTER 2026 WAS $68.3 MILLION COMPARED TO THE PREVIOUS QUARTER THAT PRODUCED A NET RESULT OF $46.3 MILLION.   
4. GEOPOLITICAL UNCERTAINTY WE SEE NOW IS NOT A NEW FEATURE IN OUR BUSINESS. WE EXPECT THAT THIS UNCERTAINTY WILL CONTINUE. WE BELIEVE DEMAND FOR OUR SERVICES WILL CONTINUE TO BE STRONG. OVER THE LAST FIVE YEARS OUR VESSELS HAVE LOADED/DISCHARGED IN 68 COUNTRIES, PROVIDING US WITH SOME INSIGHT INTO GLOBAL AFFAIRS.
5. THE TOP QUALITY OF THE NAT VESSELS IS REFLECTED IN THE VETTING PERFORMANCE (THE SCORE CARD) UNDERTAKEN BY THE MAJOR OIL COMPANIES. THEY LEASE ABOUT 50% OF OUR VESSELS. AS PER JUNE 30, 2026, THE NAT FLEET CONSIST OF 17 VESSELS. WE HAVE TWO SHIPS ON ORDER.
6. THANKS TO CAREFUL VOYAGE PLANNING OF OUR VESSELS, EMISSIONS ARE REDUCED. 

PROSPECTS FOR NAT ARE EXCELLENT. 

Please see the enclosed comprehensive report for further information.

For further information on Nordic American Tankers. Please see our web page www.nat.bm 

Sincerely,

Herbjorn Hansson
Founder, Chairman & CEO

Nordic American Tankers Ltd.                                                           www.nat.bm  

  

Contacts:       

Bjørn Giæver, CFO                                                             
Nordic American Tankers Ltd                                             
Tel: +1 888 755 8391                                  

Alexander Kihle, Finance Manager
Nordic American Tankers Ltd
Tel: +47 91 724 171    

 

Attachment

• NAT 2Q2026 report