• Revenue reached $8.5 million, up 90% year over year; nine-month revenue totaled $25.8 million, representing 132% of full-year 2024 total revenue.
• Adjusted EBITDA was $1.0 million, an increase of 49% year over year; nine-month adjusted EBITDA reached $3.8 million, or 167% of full-year 2024 total.

STUART, Fla., Nov. 11, 2025 /PRNewswire/ — Health In Tech (Nasdaq: HIT), an Insurtech platform company backed by third-party AI technology, today announced its financial results for the third quarter ended September 30, 2025.

Financial Highlights for the Third Quarter and Nine-Month of 2025:

• Billed Enrolled Employees. The number of billed enrolled employees (EEs) was 25,248, an increase of 7,654 EEs YoY.
• Distribution. The number of Brokers, Third-party Administrator (“TPAs”) and Agencies expanded to 849 partners as of September 30, 2025, up 57% YoY.
• Revenues. Total revenues were $8.5 million, up 90% YoY; The first-nine months revenues of $25.8 million, 132% of full year 2024.
• Pre-tax income. Pre-tax income was $0.6 million, up 48% YoY; The first-nine months pre-tax income of $2.1 million, 238% of full year 2024.
• Adjusted EBITDA. Adjusted EBITDA was $1.0 million, up 49% YoY; The first-nine months adjusted EBITDA of $3.8 million, 167% of full year 2024.
• Cash. Cash balance was $8.0 million as of September 30, 2025.
• Accounts receivable, net. Accounts receivable balance was $0.9 million as of September 30, 2025, reduced $0.1 million YoY.

Tim Johnson, CEO of Health In Tech, said:
“Our third quarter highlights the accelerating strength of our distribution ecosystem and the solid foundation we’ve built this year. Revenue reached $8.5 million, up 90% year over year, bringing nine-month revenue to $25.8 million—already 132% of full-year 2024 revenue. This growth reflects the continued expansion of our broker, TPA, and agency network, which is now translating directly into sustained revenue momentum as our technology gains adoption across new distribution channels.”

He continued:
“In September, we launched large-employer underwriting within eDIYBS, allowing brokers to generate quotes for groups of 150 or more employees in as little as two weeks—versus the industry timeline of often three months. This capability is a significant milestone, extending the speed and scalability of our small-business underwriting into the mid- and large-employer market. It marks a major step forward in how health plans are designed, quoted, and delivered at scale.”

Mr. Johnson added:
“We also remain focused on solving one of the most costly inefficiencies in U.S. healthcare—claims administration, which costs the industry more than $300 billion annually. Our non-binding LOI with AlphaTON Capital marks a strategic step toward exploring blockchain-enabled solutions that can modernize this process. Together with AlphaTON and Brittany Kaiser’s leadership in blockchain ethics and policy, we’re developing HITChain—a decentralized, verifiable claims infrastructure designed to compress processing timelines, eliminate duplication, lower costs, and create a transparent system of record for all stakeholders.

By combining insurance domain expertise with blockchain innovation, we’re seeking to position Health In Tech at the frontier of decentralized healthcare infrastructure—a market opportunity of substantial scale and long-term impact.”

“We delivered another quarter of strong financial performance,” said Julia Qian, CFO of Health In Tech. “Revenue grew 90% year over year and profit increased 48%, reflecting both operational strength and disciplined execution. We continue to balance growth with strategic investments in technology and enhanced platform capabilities—initiatives that reinforce our leadership position and support sustainable long-term performance.”

Recent Business Developments and Highlights

• eDIYBS Upgrade: Expanded HIT’s Enhanced Do-It-Yourself Benefit System to serve 150+ employee groups. This upgrade significantly increases HIT’s addressable market and accelerates large-group underwriting from months to about 2 weeks, extending the speed and scalability of our small-business underwriting into the mid- and large-employer market. It marks a major step forward in how health plans are designed, quoted, and delivered at scale.

• AlphaTON Capital: Signed a non-binding strategic LOI to co-develop HITChain, a blockchain-powered claims platform built on The Open Network (TON). The partnership positions HIT at the forefront of decentralized claims infrastructure, targeting efficiency gains in the $300B+ U.S. claims market.
• 2026 Davos Summit: Announced to host HIT’s first Independent InsurTech Summit during the World Economic Forum week in Davos. The event will convene global leaders across insurance, healthcare, and technology. Two panels have been announced this quarter: “AI and Institutional Resistance – CEOs Driving Change in Legacy Sectors,” featuring TIME CEO Jessica Sibley and HIT CEO Tim Johnson; and “First Ladies: Backing Women Who Build” featuring Cherie Blair CBE, KC, Founder of the Cherie Blair Foundation for Women. Additional panels will be announced in the coming months, highlighting HIT’s expanding influence in shaping global industry dialogue.
• SIIA 2025 Conference: Showcased upgraded eDIYBS to thousands of industry leaders. The event expanded broker engagement and reinforced HIT’s reputation as a leader in AI-powered self-funding solutions, demonstrating real-time quoting capabilities and platform flexibility.

Conference Call Details

Health In Tech will host a conference call to discuss the financial results for the Third quarter of 2025 on Nov 10, 2025, at 5:00 p.m. (ET). To participate in our live conference call and webcast, please dial 1-888-346-8982 or 1-412-902-4272 (for international participants).

A live audio webcast will be available via the Investor Relations page of Health In Tech’s website at https://healthintech.com/. A replay of the webcast will be available for on-demand listening shortly after the completion of the call, at the same web link, and will remain available for approximately 90 days.

Non-GAAP Financial Information

This release presents Adjusted EBITDA, a non-GAAP financial metric, which is provided as a complement to the results provided in accordance with accounting principles generally accepted in the United States of America (“GAAP”). A reconciliation of historical non-GAAP financial information to the most directly comparable GAAP financial measure is provided in the accompanying tables found at the end of this release.

Use of Forward‑Looking Statements

Certain statements in this press release are forward-looking statements for purposes of the safe harbor provisions under the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements may include estimates or expectations about Health In Tech’s possible or assumed operational results, financial condition, business strategies and plans, market opportunities, competitive position, industry environment, and potential growth opportunities. In some cases, forward-looking statements can be identified by terms such as “may,” “will,” “should,” “design,” “target,” “aim,” “hope,” “expect,” “could,” “intend,” “plan,” “anticipate,” “estimate,” “believe,” “continue,” “predict,” “project,” “potential,” “goal,” or other words that convey the uncertainty of future events or outcomes. These statements relate to future events or to Health In Tech’s future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause Health In Tech’s actual results, levels of activity, performance, or achievements to be different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements because they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond Health In Tech’s control and which could, and likely will, affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects Health In Tech’s current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to Health In Tech’s operations, results of operations, growth strategy and liquidity.

About Health In Tech 

Health In Tech (Nasdaq: “HIT”) is an Insurtech platform company backed by third-party AI technology, which offers a marketplace that aims to improve processes in the healthcare industry through vertical integration, process simplification, and automation. By removing friction and complexities, we streamline the underwriting, sales and service process for insurance companies, licensed brokers, and TPAs. Learn more at healthintech.com.

Components of Operating Results

Revenues

While we generate our revenue primarily from small employers and insurance carriers, we grow our business primarily from offering solutions that streamline sales processes, enhance service delivery, and reduce the sales cycle duration for TPAs, MGUs, and Brokers. We offer our services through our three subsidiaries. Program services provided by SMR and MGU activities provided by ICE (including eDIYBS) are interdependent, as they cannot function effectively without being combined. Services provided by HI Card are an optional add-on to our other services, and cannot be offered on a standalone basis. Brokers that utilize the program services on behalf of the small employer provided by SMR and MGU activities provided by ICE, are not obligated to utilize our HI Card service. Currently ICE does not offer underwriting services as a standalone service. In the future, we may consider offering it as a standalone service.

Cost of revenues

Cost of revenues primarily consists of infrastructure costs to operate our platform such as hosting fees and fees paid to various third-party partners for access to their technology, services and amortization expenses of our capitalized internal-use software related to our platform. We mainly outsource captive management services and data services from the third-party companies. Our internal proprietary system seeks to consistently improve underwriting and services results through machine learning and data feeds. The captive management activities include introducing new carriers, conducting due diligence on carriers, conducting feasibility studies to determine the viability to be a stop-loss carrier on the platform, negotiating terms and contracts, coordinating audit requests, managing relationship with unrelated carriers and their regulators and auditor firms to ensure that our risk associated with our service offerings is minimized.

Sales and marketing expenses

Sales and marketing expenses primarily consist of personnel-related costs including salaries, stock-based compensation expense, benefits and commissions cost for our sales and marketing personnel. Sales and marketing expenses also include the costs for advertising, promotional and other marketing activities, as well as certain fees paid to various third-party for sales and customer acquisition.

General and administrative expenses

General and administrative expenses primarily consist of personnel-related costs and related expenses for our executives, finance, legal, human resources, technical support, and administrative personnel as well as the costs associated with professional fees for external legal, accounting and other consulting services, insurance premiums.

Research and development expenses

Research and development expenses primarily consist of personnel-related costs, including salaries, stock-based compensation expense and benefits for our research and development personnel. Additional expenses include costs related to the software development, quality assurance, and testing of new technology, and enhancement of our existing platform technology.

Adjusted EBITDA

Adjusted EBITDA represents our net income before net interest expense, taxes, and depreciation and amortization expense, adjusted to eliminate stock-based compensation expense. Adjusted EBITDA is not a measure calculated in accordance with United States Generally Accepted Accounting Principles, or GAAP. We exclude certain non-recurring or non-cash items when calculating Adjusted EBITDA, and we believe this approach provides a more meaningful measure by offering a clearer view of our underlying operational performance.

Investor Contact
Investor Relations:
ir@healthintech.com

LOS ANGELES, Nov. 11, 2025 /PRNewswire/ — Linkind is upgrading its range of Matter-enabled smart bulbs with Matter 1.4—the latest version of the industry-unifying smart home protocol. This update delivers meaningful improvements in speed, stability, and ecosystem integration, making your Linkind smart bulbs simpler to pair, easier to use, and more powerful than ever.

Among the benefits of upgrading to Matter 1.4 is support for Adaptive Lighting when using your bulbs with Apple Home. This enables automatic color temperature shifts that follow your daily rhythm—from energizing cool tones in the morning to relaxing warm light at night. It’s a subtle but powerful enhancement that improves comfort, focus, and overall wellbeing.

The update also refines how Linkind bulbs are recognized and managed across popular platforms like Google Home, Alexa, and Apple Home. Expect faster pairing, improved responsiveness, and smoother automation performance. For multi-user homes, enhanced multi-admin support ensures that everyone stays connected and in control.

This upgrade is part of Linkind’s ongoing commitment to open standards, cross-platform compatibility, and lighting that works beautifully—no matter which ecosystem you’re in.

Firmware updates will be delivered over-the-air to all eligible Linkind Matter smart bulbs, bringing the benefits of Matter 1.4 home with zero hassle.

Availability

RGBTW Bulb A19
RGBTW Bulb BR30

More Linkind Matter 1.4 smart light bulbs are coming soon! Visit linkind.com for details.

About Linkind

Linkind, a brand of AiDot, is passionate about lighting your spaces in intelligent and meaningful ways, all while adopting the dedication to innovation and eco-conscious design instilled by its parent company, and overall ecosystem, AiDot. These tenants have guided Linkind from the start and are why they are now able to proudly offer solutions to match any and all residential scenes, such as smart solar-powered solutions that light the path to your home, TV backlighting that takes movie night to the next level, and easy-to-use everyday lighting with unmatched user convenience. Linkind is lighting the way to a brighter tomorrow.

DUBLIN and STAMFORD, Conn. and NEW YORK, Nov. 11, 2025 /PRNewswire/ — Phoenix Aviation Capital (“Phoenix” or “the Company”), a full-service aircraft lessor managed by AIP Capital (“AIP”), an alternative investment manager focused on opportunities in asset-based finance and a portfolio company of funds advised or controlled by affiliates of BC Partners Advisors L.P., announced the issuance of a $592 million term loan facility (“term loan”). Phoenix and AIP intend on using proceeds from the term loan to repay existing warehouse debt and finance future growth.

Morgan Stanley, Citi, and RBC Capital Markets acted as Joint Lead Arrangers and Joint Bookrunners with Morgan Stanley also acting as Administrative Agent and Collateral Agent.

Since the beginning of 2025, Phoenix has raised over $2 billion in bank and institutional capital to support Phoenix’s growth strategy.

“The issuance of this term loan facility provides Phoenix with longer-term flexibility as it continues to grow its portfolio of in-demand aviation assets,” said Jared Ailstock, Managing Partner at AIP. “We also believe the issuance of this facility demonstrates further confidence in Phoenix’s strategy among Phoenix’s lending counterparties.”

“This issuance reflects another key milestone in Phoenix’s execution of its strategy of growing its fleet of next-generation aircraft assets,” said Patrick Schafer, Partner at BC Partners and board member of Phoenix. “The facility will provide Phoenix with additional capacity and flexibility to execute on this strategy.”

Clifford Chance served as transaction counsel and PwC acted as tax advisor to Phoenix and AIP. McCann Fitzgerald also acted in capacity as Irish counsel to Phoenix and AIP. Pivotal Corporate provided corporate services assistance to Phoenix and AIP. Cahill Gordon & Reindel LLP served as transaction counsel to the lenders.

About Phoenix Aviation Capital
Phoenix Aviation Capital is a full-service aircraft lessor focused on financing modern, in-demand aircraft and is dedicated to meeting the financing needs of its airline customers across the globe. Phoenix Aviation Capital is based in Dublin and is managed by AIP Capital, a global aviation asset management and investment firm.

For more information about Phoenix Aviation Capital or to speak with company executives, please contact investor.relations@phoenixaviationcap.com.

About AIP Capital
AIP Capital (AIP) is a global alternative investment manager focused on opportunities in asset-based finance including aviation and equipment finance. AIP, together with its affiliates, manages approximately $4 billion of assets on behalf of a diversified global investor base. The AIP team is comprised of more than 50 experienced professionals across AIP’s offices in Stamford, New York City, Dublin, and Singapore. For more information about AIP Capital or to speak with company executives, please contact investor.relations@aipcapital.com.

About BC Partners & BC Partners Credit
BC Partners is a leading international investment firm in private equity, private debt, and real estate strategies. BC Partners Credit was launched in February 2017, with a focus on identifying attractive credit opportunities in any market environment, often in complex market segments. The platform leverages the broader firm’s deep industry and operating resources to provide flexible financing solutions to middle-market companies across Business Services, Industrials, Healthcare and other select sectors. For further information, visit www.bcpartners.com/credit-strategy.

Media Contacts

AIP Capital Geoffrey Bayers
investor.relations@aipcapital.com

BC Partners
Luke Charalambous
Luke.Charalambous@BCPartners.com
+44 7775 180 721

KANSAS CITY, Mo., Nov. 11, 2025 /PRNewswire/ — Lockton, the world’s largest privately held independent insurance brokerage, has announced the firm’s expansion into the Kingdom of Saudi Arabia, further strengthening its presence across the Middle East. This move is part of Lockton’s broader international strategy to ensure proximity to clients and deliver tailored insurance solutions in high-growth markets. 

Mohammad Al Abdul Jabbar

Across its global footprint, Lockton has strategically expanded operations to meet the evolving needs of clients in key regions. The Middle East is a cornerstone of this strategy, with the firm continuing to invest in local leadership, capabilities, and technology to support businesses navigating evolving risk environments. 

The decision to enter Saudi Arabia reflects the Kingdom’s growing role as a regional economic powerhouse. With increasing demand for insurance and risk advisory services across industries such as construction, energy, healthcare, and financial services, Lockton’s presence will offer clients enhanced access to global expertise, delivered through a local lens. 

Lockton’s Saudi Arabia retail operation launches with a team of 20 specialists and insurance and risk advisors, ensuring clients will benefit from both global best practices and local market understanding. 

As part of this expansion, Mohammad Al Abdul Jabbar has been appointed as CEO for Lockton’s retail operations in Saudi Arabia. A seasoned insurance executive, Al Abdul Jabbar brings more than two decades of experience across both insurance broking and underwriting, having held senior leadership roles at leading insurance brokers as well as local insurers. His career spans the full spectrum of the insurance value chain, from underwriting commercial lines and Takaful, to leading regional business development and managing complex insurance and risk portfolios for multinational clients. Al Abdul Jabbar also serves as vice chairman of the executive committee of the General Committee of Insurance & Reinsurance Brokers in Saudi Arabia, reflecting his deep industry involvement and commitment to advancing the sector. 

“Saudi Arabia is a critical market for Lockton and our expansion here reflects our long-term commitment to the region and our clients,” said Faris Khatib, CEO of Lockton Middle East and North Africa. “Mohammad’s appointment brings a strong combination of broking and underwriting expertise, deep market knowledge and a client-first mindset. His leadership will be instrumental in building our operations and delivering value to clients across the Kingdom.” 

“Lockton’s growth is driven by our belief in being where our clients need us most,” said Chris Brown, CEO of Lockton International. “Expanding into Saudi Arabia allows us to support businesses in one of the world’s most dynamic economies. We are thrilled to welcome Mohammad to our leadership team; his experience and entrepreneurial spirit align perfectly with Lockton’s culture and our ambition to be the most client-focused insurance broker globally.” 

About Lockton 

Lockton’s private ownership empowers its 13,100+ Associates doing business in more than 155+ countries to focus solely on clients’ risk and insurance needs. With expertise that reaches around the globe, Lockton delivers the deep understanding needed to accomplish remarkable results. For more information, visit www.lockton.com.

(from right): Mohammad Al Abdul Jabbar, CEO of Lockton Saudi Arabia; Khalid Al Deghaither, Vice President of Compliance; Naji A Tamimi, CEO of the Insurance Authority; Faris Khatib, CEO of Lockton Middle East and North Africa; Ata Khatib, Chairman of Lockton Middle East and North Africa; and two representatives of the Insurance Authority.

DUBAI, UAE, Nov. 11, 2025 /PRNewswire/ — Mantle, a leading distribution and liquidity layer for real-world assets (RWAs), built on Ethereum Layer 2 network, announced that its native token, $MNT (on Ethereum), is now supported by Anchorage Digital’s secure custody and self-custody wallet Porto. A regulated crypto platform trusted by institutions, Anchorage Digital is also home to the first and only federally chartered crypto bank in the United States.

The announcement marks a transformative step in making Mantle’s on-chain economy accessible to regulated financial institutions, enabling them to hold $MNT on Ethereum directly on their balance sheets or treasuries through a secure and compliant custody solution. This unlocks global participation in one of the largest and fastest-growing Layer 2 ecosystems.

$MNT serves as the governance and utility token powering the Mantle network, enabling holders to participate in protocol governance, access decentralized applications, and engage with Mantle’s expanding DeFi ecosystem. With Anchorage Digital’s custody solution, $MNT holders can now hold $MNT on Ethereum as a treasury asset while leveraging Anchorage Digital’s comprehensive suite of custody services.

“We’re excited to enable institutions to access Mantle’s ecosystem through a trusted partner with a strong reputation for institutional-grade security,” said Emily Bao, Key Advisor to Mantle. “Global institutions can now access $MNT on Ethereum through Anchorage Digital, opening the door to broader participation in Mantle’s on-chain economy. This partnership reinforces our commitment to building institutional-grade infrastructure that bridges traditional finance with decentralized innovation.”

“Backing the Mantle ecosystem is exactly what we were built for — giving institutions a secure, regulated way to participate in the next generation of blockchain networks,” said Nathan McCauley, Co-Founder and CEO of Anchorage Digital. “Our job is to make innovation safe to touch, and Mantle is a perfect example of where that matters.”

Through Anchorage Digital’s advanced infrastructure, Mantle is bridging the gap between cutting-edge blockchain technology and institutional capital, reinforcing $MNT’s position as an institutional-ready asset. This partnership underscores Mantle’s dedication to enhancing liquidity, market depth, and institutional adoption—ultimately strengthening the foundation for broader participation in Mantle’s RWA economy and unlocking new opportunities for global digital asset engagement.

About Mantle

Mantle positions itself as the premier distribution layer and gateway for institutions and TradFi to connect with onchain liquidity and access real-world assets, powering how real-world finance flows.

With over $4B+ in community-owned assets, Mantle combines credibility, liquidity and scalability with institutional-grade infrastructure to support large-scale adoption. The ecosystem is anchored by $MNT within Bybit, and built out through core ecosystem projects like mETH, fBTC, MI4 and more. This is complemented by Mantle Network’s partnerships with leading issuers and protocols such as Ethena USDe, Ondo USDY, OP-Succinct and EigenLayer.

For more information about Mantle, please visit: mantle.xyz
For more social updates, please follow: Mantle Official X & Mantle Community Channel  

SINGAPORE, Nov. 11, 2025 /PRNewswire/ — AI video platform PixVerse, with over 100 million users worldwide, today launched its highly anticipated Remix feature, following last week’s Swap update. Together, these tools make video creation more interactive and collaborative, transforming AI video experience into a continuous, community-driven journey.

From Generation to Co-Creation

PixVerse lets users create videos from scratch or remix existing ones. You can also extend or reinterpret the story while keeping the original video’s actions, shots, and pacing. Favorite videos can be imported directly into PixVerse for remixing, creating a seamless content loop where creation, viewing, and remixing flow naturally. Remix turns AI video into a social playground where collaboration, participation, and sharing thrive.

PixVerse was recently ranked 25th on a16z’s Top 50 GenAI Consumer Apps, reinforcing its growing influence in the global AI creation landscape. The Platform has been recognized by The Information as one of the Top 3 Asian startups in its annual list of “The 50 Most Promising Startups of 2025”. It’s new single-column interface also enhances content discovery, mirroring social media browsing habits to boost engagement and video sharing.

How Remix Works

The Remix feature allows users to import any video, apply creative edits, or reinvent its narrative while maintaining core structural integrity — from motion and pacing to character and scene composition. Key applications include:

– Social Co-Creation: Remix trending videos or join viral challenges.
– Community-driven: Share editable templates for others to reinterpret.
– Brand Activation: Enable user-driven campaigns that invite personalization and storytelling around brand assets.

With PixVerse’s new features, users can create distinctive content in seconds. The Remix feature reimagining the same footage in multiple styles — perfect for social dance trends, meme culture, and more. The Swap feature, launched last week, lets users or friends swap AI video cameos — from reimagining scenes to starring in each other’s creative videos.

Users can swipe left & right to trace the source of the original video. When content is remixed, interactions automatically appear in the original creator’s comments, ensuring proper attribution and encouraging collaborative engagement. Built-in traceability ensures ethical attribution and supports sustainable collaboration.

The updated single-column layout makes browsing easier and encourages users to explore and interact with more content.

Technology Behind Remix

Remix is powered by the proprietary Diffusion + Transformer architecture in V5, enabling precise scene decomposition, consistent recreation, and semantic remapping.

Key highlights for creators:

– Ultra-Fast Generation: Achieve high-quality video in seconds with near-real-time generation. Turbo mode boosts generation speed more than 50%, surpassing industry standards.
– Realistic & Physically Accurate: Proprietary DiT architecture handles complex actions and surreal scenes, producing natural motion, realistic lighting, and physics-consistent video.
– Human-Aesthetic Optimization: Reinforcement learning (RLHF) improves video quality and visual appeal.
– High-Quality Output: Smooth motion, natural style transitions, 1080p support, multi-style anime effects.
– More Features: Multi-frame generation from first and last frames (up to 7 keyframes), 20+ built-in camera motion, audio-video synchronization.

What’s More: Expanding Creative Possibilities

PixVerse now integrates leading image-generation models like Nano Banana, Seedream, and Qwen. Creators can move seamlessly from still images to animated storytelling, bridging ideas from concept to cinematic realization.

Swap, launched last week, built on PixVerse’s Fusion architecture, lets users replace characters, objects, or scenes using text, images, or video, while preserving motion, expressions, and lighting. This opens new possibilities for creative storytelling and branded content.

With over 100 million registered users and 16 million MAU, PixVerse aims to make AI video creation accessible to everyone. Its viral template “Transition Effect” alone has surpassed one billion social views, showing how AI can inspire, connect, and entertain globally.

For more information visit: https://pixverse.ai/

BYLINE ARTICLE FOR COP30

PUTRAJAYA, Malaysia, Nov. 11, 2025 /PRNewswire/ — Malaysia is not simply setting goals; it is actively translating its ambition into reality. Following the introduction of the Malaysia Pavilion theme, ‘Climate Action Now: Net Zero Pathways Unlocked,’ at the recent International Greentech & Eco Products Exhibition and Conference Malaysia (IGEM 2025), we have cemented our commitment in the ‘whole-of-nation’ approach when it comes to all thing’s climate. This effort goes beyond high-level declarations. It is focused on mobilising all sectors including industry, energy, communities and government, towards climate action. Ultimately, our aim is to drive tangible and transformative change that will enable Malaysia to achieve carbon neutrality and secure a sustainable and resilient economic future.

Over the past year, our focus has been on defining the ‘Shift for Sustainability’. This includes building foundational ecosystems like the National Climate Change Policy 2.0 (NCCP 2.0), NDC Roadmap and Action Plan, Long-Term Low Emissions Development Strategies (LT-LEDS) and National Energy Transition Roadmap (NETR) which anchors our mission to balance the critical energy trilemma of security, affordability and sustainability. Beyond our local efforts, we also advanced regional efforts like the ASEAN Power Grid, which serves as the physical infrastructure that transforms our ambition into reality by facilitating cross-border renewable energy trade. These frameworks and policies were developed to help us transform our national targets into actionable blueprints.

Having successfully established these foundational pillars, Malaysia is now holistically prepared to achieve Net Zero by 2050. Through both local and international collaboration, we believe this action-oriented mission transcends geopolitics or trends. It is a matter of national responsibility and economic prudence, ensuring a secure and sustainable future for our people and nation.

Malaysia has long been committed to climate action. In line with its commitments under the Paris Agreement, through the latest update of Nationally Determined Contributions (NDCs), NDC 3.0 which we submitted in October 2025, Malaysia strives to peak its emissions by 2030 and intends to achieve an absolute reduction of 15–30 million tonnes of CO₂ equivalent (MtCO₂eq) by 2035 from the peak level. This commitment is bolstered by a range of mitigation actions that have advanced Malaysia’s progress toward its NDC targets.

Some notable initiatives include those related to renewable energy policies, energy efficiency improvements, rail-based public transport, biofuel adoption, waste recycling, and sustainable forestry management. Furthermore, Malaysia has set its sights on achieving net-zero emissions by 2050, a visionary goal that calls for strong public-private collaboration and long-term policy clarity.  

The recent Budget 2026 reaffirms Malaysia’s commitment to a greener and more resilient economy, with a stronger emphasis on energy transition, carbon regulation, and sustainable living to safeguard long-term security, affordability, and sustainability for the rakyat (all Malaysians). A key measure under this commitment is the planned introduction of a Carbon Tax, which serves as a critical carbon pricing instrument to incentivise the private sector and industry players to adopt low-carbon technologies, enhance energy efficiency, and integrate sustainability into their operations. Beyond supporting Malaysia’s commitments under the Paris Agreement, the Carbon Tax also positions domestic industries to remain competitive under emerging global carbon pricing regimes, particularly the European Union’s Carbon Border Adjustment Mechanism (CBAM). More importantly, revenues generated through carbon pricing will be reinvested domestically, ensuring that the economic benefits are channelled towards national decarbonisation efforts, technological innovation, and capacity building for a sustainable and inclusive transition.

On the regional front, as the ASEAN Chair in 2025, Malaysia continues to drive leadership in sustainability. Under the Chairmanship, Malaysia hosted the 18th ASEAN Ministerial Meeting on the Environment (AMME-18) and related meetings in Langkawi in early September emphasising the importance of climate change cooperation amidst pressing environmental challenges.

A core achievement of AMME-18 was ASEAN’s agreement on the ASEAN Joint Statement on Climate Change for COP30. The unified statement was endorsed by the ASEAN Environment Ministers and will be delivered at COP30, following its formal approval at the 47th ASEAN Summit on 26 October 2025. The joint statement not only serves as a critical opportunity for ASEAN to collectively influence global climate action but also articulates ASEAN’s common positions on key issues including climate finance, adaptation, loss and damage, technology transfer and implementation of the Paris Agreement.

During AMME-18, Malaysia also facilitated a dialogue between ASEAN Environment Ministers and the COP30 President Designate, Ambassador André Corrêa do Lago. This engagement successfully aligned ASEAN’s priorities with Brazil’s “Amazon COP” vision, laying the groundwork for early coordination towards COP30 in Belém. As a result, we see ASEAN positioned as a united and influential voice in the global climate negotiations.

Building on this momentum, the Malaysia Pavilion at COP30 will serve as an extension of this regional collaboration, highlighting both Malaysia’s national climate initiatives and ASEAN’s collective commitment to sustainability under Malaysia’s Chairmanship. Through this platform, Malaysia aims to amplify the collective voice of Southeast Asian nations, anchored on the principle of Common but Differentiated Responsibilities (CBDR).

The Pavilion will also spotlight regional initiatives, reinforcing Malaysia’s commitment to domestic transformation and regional leadership, ensuring that the voices, vulnerabilities and innovations of Southeast Asian nations are effectively represented and supported on the global stage.

YB DATO’ SRI HUANG TIONG SII
DEPUTY MINISTER OF NATURAL RESOURCES
AND ENVIRONMENTAL SUSTAINABILITY OF MALAYSIA 
10 NOVEMBER 2025