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EDC and Plenary Asia Pacific announce US $650 million partnership to advance Canadian export trade

Market Leader Partnership set to boost Canadian participation in global infrastructure supply chains across key Asia‑Pacific markets

OTTAWA, ON, March 5, 2026 /PRNewswire/ — Export Development Canada (EDC), Canada’s export credit agency, and Plenary Asia Pacific, have signed a US $650 million (approximately CAD $ 890 million) Market Leader Partnership Memorandum of Understanding (MOU) at EDC’s branch in Singapore. The MOU is set to strengthen collaboration and support the growth of Canadian export trade in key international markets including the Asia-Pacific region across various priority sectors like infrastructure. 

“The signing of this Market Leader Partnership Memorandum of Understanding with Plenary Asia Pacific, reflects our shared commitment to strengthening international collaboration and unlocking new opportunities for Canadian exporters and investors. This partnership will help drive sustainable economic growth, create jobs, and position our country as a competitive and reliable destination for global infrastructure investment,” said The Honourable Maninder Sidhu, Minister of International Trade.

The three-year partnership MOU establishes a framework for collaboration that will enable EDC and Plenary Asia Pacific to work together to advance mutually beneficial trade and investment opportunities. The partnership outlines the companies’ shared goals and respective commitments, and how the two organizations will work together to facilitate access to strategic networks, share market knowledge and insights, and explore financing solutions aligned with EDC’s mandate.

Under the MOU, EDC has allocated financing support of up to US $650 million to eligible Plenary Asia Pacific projects over the term of the agreement, subject to EDC’s policies and risk requirements. The partnership, with international market leaders like Plenary Asia Pacific, is designed to help position Canadian companies to participate in large‑scale international projects and strengthen Canada’s presence in key global markets.

“This agreement reflects a focus on expanding Canadian participation in global infrastructure markets,” said Alison Nankivell, President and CEO of Export Development Canada. “It’s a strong fit with EDC’s strategy to work with international partners like Plenary Asia Pacific that operate in priority sectors. Through this Market Leader Partnership, we’re supporting long-term trade and investment outcomes by helping Canadian companies integrate into global infrastructure supply chains and compete on complex projects across Asia Pacific and globally. This collaboration is about translating strong relationships into tangible export growth and long-term economic impact.”

“We welcome EDC’s recent vote-of-confidence and long-term partnership commitment as we pursue infrastructure projects across the Indo-Pacific region,” Plenary Asia CEO Chi-Ling Looi said. “Plenary Asia has been leading discussions in the region to promote a meaningful role for private investment in infrastructure that attracts international capital and we look forward to supporting the future delivery of vitally needed social and economic infrastructure in the region.”

The MOU relates to Plenary Asia Pacific’s operations across Asia Pacific and does not apply to the separate Plenary Americas business which is independently owned and managed and responsible for Plenary operations in Canada, the United States and Latin America.
 
About Plenary Asia Pacific

Plenary Asia Pacific is an independent developer, investor and manager of infrastructure and real assets, specialising in public-private partnerships, precinct developments and community infrastructure. Established in Australia in 2004, it has steadily expanded to become one of the leading developers, financiers and managers in its markets with offices in Australia and Singapore actively pursuing expansion efforts and projects across the Indo-Pacific region. https://plenary.com/apac

About EDC 

Export Development Canada (EDC) is a financial Crown corporation dedicated to helping Canadian businesses make an impact at home and abroad. EDC has the financial products and knowledge Canadian companies need to confidently enter new markets, reduce financial risk and grow their business as they go from local to global. Together, EDC and Canadian companies are building a more prosperous, stronger and sustainable economy for all Canadians. For more information and to learn how we can help your company, call us at 1-800-229-0575 or visit www.edc.ca. 

Media Contact: Export Development Canada, 1-888-222-4065, media@edc.ca; Media Contact: Plenary Group, Chris Whitefield, Executive Director, Communications and Community, +61 418 530 806, chris.whitefield@plenary.com

Bizcap named one of Australia’s Best Workplaces™ for Women 2026

Recognition by Great Place To Work® highlights Bizcap’s commitment to building a high-performance culture where women thrive

MELBOURNE, Australia, March 5, 2026 /PRNewswire/ — Bizcap has been recognised as one of Australia’s Best Workplaces™ for Women 2026 by Great Place To Work®, the global authority on workplace culture. The prestigious list honours 50 organisations across Australia that are proving exceptional business performance and inclusive, equitable workplace culture go hand in hand.

Bizcap named one of Australia’s Best Workplaces™ for Women 2026
Bizcap named one of Australia’s Best Workplaces™ for Women 2026

The recognition follows a rigorous assessment process, including confidential employee feedback, detailed analysis of organisational culture, and insights from the Workplace Gender Equality Agency (WGEA). This data-driven evaluation ensures that recognised companies demonstrate a genuine and measurable commitment to advancing women in the workplace.

This focus has supported Bizcap’s continued growth across multiple international markets.

The award comes after Bizcap was named one of the Best Workplaces™ in Australia in 2025.

Building a culture where women lead and thrive

Since its inception, Bizcap has been committed to building an inclusive, high-performance culture where people have equal access to opportunity and leadership. Bizcap’s inclusion on the 2026 list recognises that commitment in action and the progress made in creating clear pathways for women to build enduring careers and step into senior leadership roles across commercial, operational and strategic functions that drive long-term value creation.

This has been supported through targeted leadership development, transparent performance frameworks, flexible work practices and a strong focus on psychological safety, ensuring women across the organisation are empowered to influence strategy, lead teams and drive measurable outcomes.

Rebecca del Rio, Bizcap’s Deputy CEO (APAC) and Global Chief Revenue Officer, said the recognition reflects deliberate action rather than aspiration.

“At Bizcap, we believe high performance and inclusive leadership are inseparable. This recognition is a testament to the intentional work we’ve done to create an environment where women are empowered to lead, innovate and drive commercial outcomes,” she said.

“When women have equal access to leadership pathways, our business benefits. Diverse perspectives strengthen our strategy, improve risk calibration, challenge conventional thinking and ultimately enhance our ability to compete. That philosophy extends beyond gender. From the very beginning, we have intentionally built teams with complementary strengths and experiences because diversity of thought makes us more innovative, more resilient and better aligned to the clients we serve.”

Bizcap’s Senior People and Culture Manager Kirsty Nixon said it was important to note that this recognition is grounded in direct employee feedback.

“It tells us our people feel supported and confident in their ability to grow here. From the beginning, our founders and senior leadership team have been aligned on building a true meritocracy, where advancement is driven by performance, capability and impact,” she said.

“We hold our leaders to high standards in fostering that environment, ensuring opportunity is tangible, expectations are clear and performance is consistently recognised,” said Bizcap’s Co-Founder and CEO Zalman Blachman.

“Our People and Culture team plays a critical role as a partner to leadership, helping embed these standards across the organisation so they are experienced consistently at every level,” he said.

What sets Bizcap apart

As a non-bank lender providing fast, flexible working capital to small and medium-sized businesses globally, Bizcap understands the value of agility, innovation and strong partnerships. Internally, this translates into:

  • A culture of psychological safety where diverse perspectives are encouraged
  • Clear career progression pathways and leadership development programs
  • Flexible work arrangements that support performance and wellbeing
  • Transparent remuneration and advancement frameworks
  • Leadership development initiatives supporting women across commercial, operational and executive functions.

Rebecca Moulynox, General Manager of Great Place To Work Australia and New Zealand, said:

“These companies aren’t just talking about gender equity, they’re proving it works. They’ve created cultures where psychological safety, flexible work, and career development aren’t buzzwords, they’re business strategies delivering measurable results for employees and shareholders alike.”

By maintaining clear standards of opportunity and advancement as it scales, Bizcap continues to demonstrate that strong culture drives strong performance.

 

Australia’s Best Workplaces™ for Women 2026 Have Been Announced

SYDNEY, March 5, 2026 /PRNewswire/ — Great Place To Work®, the global authority on workplace culture, today announces the 2026 list of Australia’s Best Workplaces™ for Women, recognising 50 organisations that have proven it’s possible to deliver exceptional business performance while still creating cultures where women can thrive at every level. 

Australia’s Best Workplaces™ for Women 2026
Australia’s Best Workplaces™ for Women 2026

Each company on this year’s list has earned its place following a rigorous assessment of confidential employee feedback representing the voices of 23, 478 women across Australia, a detailed analysis of organisational culture, and insights from the official Workplace Gender Equality Agency.

“These companies aren’t marking their own homework – the bar is genuinely high,” said Rebecca Moulynox, General Manager of Great Place To Work Australia and New Zealand. “This list only champions employers that back their commitments on flexibility, fair pay and women in leadership with real numbers and real experiences.”

Who Made The Official 2026 List Of Australia’s Best Workplaces™ For Women? 

From pioneering fintech leaders like Docusign and Prospa, to established industry leaders like Adobe, Brown Brothers Wine Group and Mattel, this year’s Best Workplaces for Women are all distinguished by:

  • Inclusive leadership accountability
  • Pay transparency and fair recognition
  • Flexible, human-centered work design
  • Career progression for all

As well as structured mentorships and active sponsorship for women in key decision-making roles.  

FIND THE FULL 2026 LIST OF AUSTRALIA’S 50 BEST WORKPLACES™ FOR WOMEN HERE  

“These workplaces aren’t just waiting for equity to happen,” said Rebecca Moulynox. “They’ve embedded fairness into everyday decision-making, creating cultures where flexibility, psychological safety, and growth opportunities are pillars of performance.”

Despite steady awareness gains, the research shows many women still report unequal access to advancement opportunities and lingering disparities in representation at the senior level. Yet at the best workplaces, these gaps are narrowing. Women in top-ranked organisations are twice as likely to say they have an equal chance to grow their careers and three times more likely to describe their leaders as fair and inclusive.

About Great Place to Work® 

Great Place to Work® is the global authority on workplace culture. Since 1992, we have surveyed more than 100 million employees worldwide and used those deep insights to define what makes a great workplace. Great Place to Work® Certification™ is recognised worldwide by both employees and employers alike and is the gold standard for identifying and recognising outstanding employee experience and company culture.

Methodology 

To qualify for this list, organisations must have at least 100 employees, with a minimum of 50 women, and women must make up at least 30 per cent of the total workforce and 20 per cent of management.

The 2026 Best Workplaces for Women list was determined through Great Place To Work’s rigorous For All™ methodology, which evaluates hundreds of Certified™ organisations across Australia. This includes confidential employee feedback gathered through the Trust Index™ survey, a comprehensive analysis of women’s representation at all organisational levels, and additional insights from the Workplace Gender Equality Agency (WGEA).

Media Contact: 
Guadalupe Solar Grillo
Marketing Specialist| Australia & New Zealand
E: lupe.solar@greatplacetowork.com

Australia’s Best Workplaces™ for Women 2026 | Prospa
Australia’s Best Workplaces™ for Women 2026 | Prospa

LEIFRAS Co., Ltd. Awarded Contract to Manage Community-Based Club Activities in Muroran City, Hokkaido

Introducing “Free Club,” a New Model Different From Traditional Club Activities

TOKYO, March 5, 2026 /PRNewswire/ — LEIFRAS Co., Ltd. (Nasdaq: LFS) (the “Company” or “Leifras”), a sports and social business company dedicated to youth sports and community engagement, today announced that it has been awarded a contract by Muroran City, Hokkaido to provide community-based club activity management services (the “Contract”).

Background

Muroran City is experiencing a rapid decline in the birthrate, resulting in reduced enrollment in school club activities and challenges for students to form teams or participate in tournaments. To address these challenges, Muroran City has adopted a basic policy to “transition all school club activities to privately operated community-based activities by the end of fiscal year 2031,” and is working to create a community-wide platform to support sports, cultural, and artistic activities for junior high school students.

Contract Overview

Client: Muroran City, Hokkaido

Contract Period: April 2026 – March 2029

“Free Club” – A New Style Leifras Offers

Leifras plans to launch “Free Club” designed to broaden students’ access to club experiences.

Feature 1: A Diverse Experience Through Monthly Rotation

Students will be able to select from a lineup of sports and cultural activities that change each month. For example, activities may include volleyball in April, dance in May, and brass band in June.

*Actual activities are currently under review.

Feature 2: No Experience Required

Students can try activities that interest them, regardless of their previous club experience or skills.

Feature 3: Creating Opportunities to Discover What They Love

By exposing them to a variety of options, the Company aims to help students discover new interests and passions in various sports and cultural activities.

Leifras hopes that Muroran’s initiative will inspire school club activities in areas with declining birth rates, and plans to work closely with the Board of Education of Muroran City and related organizations to ensure safe and secure club activity operations.

Past and Future Initiatives with Muroran City

Leifras has built a long-standing relationship with Muroran City through a series of initiatives.

In April 2023, Leifras signed a basic agreement with Muroran City regarding the designated management of Shukutsu Park Soccer Field and opened “Leifras Football Park.” Based on this collaboration, the Company signed the “Demonstration Project and Advisory Contract for the Regional Transition of Holiday Club Activities in Muroran City in 2025,” working together to promote the regional transition of club activities in Muroran City.

In order to address social issues through sports, the Company plans to continue to work with Muroran City to support the sustainable operation of club activities in areas experiencing a declining birthrate.

Market Environment and Trends

Japan’s Ministry of Education, Culture, Sports, Science and Technology (MEXT) has designated the six-year period from 2026 to 2031 as the “Reform Implementation Period” under its “Comprehensive Guidelines for the Reform of Club Activities and the Promotion of Community Club Activities”. The guidelines clearly state the following specific initiatives for this period:

  • Holiday Club Activities: In principle, MEXT aims to shift all holiday club activities to community-based models.
  • Weekday Club Activities: MEXT plans to execute further reforms while addressing various issues.

Leifras’ contract with Muroran City is a long-term contract commencing in 2026, the first year of this “Reform Implementation Period,” marking an example aligned with the national roadmap.

As this nationwide transition to community-based clubs accelerates, Leifras aims to further strengthen its position in the expanding market for outsourced public education-related services.

Achievements in Club Activity Support

Leifras has been supporting school clubs since before the nationwide call for localization of club activities, and has been cooperating with a number of local governments across Japan. The Company’s financial results for the nine months ended September 30, 2025 also reflected this high demand for school club support, with social business sales increasing 36.4% year-on-year and the number of schools contracted for club activities increasing 53.2% year-on-year, demonstrating continued rapid growth.

  • Social business sales: JPY 2,358.6 million (+36.4% year-on-year)
  • Number of schools contracted for club activities: 360 schools (+53.2% year-on-year)

Selected Projects Ongoing Since Fiscal Year 2024

Leifras is expanding its portfolio of club activity support projects, including multi-year contracts, primarily in urban areas and large municipalities.

  • Aichi Prefecture, Nagoya City (Chikusa Ward, Showa Ward, and 14 other wards): New athletic and cultural activity projects at Nagoya City elementary schools
  • Aichi Prefecture, Nagoya City: Nagoya Club Activity Talent Bank Contract Project
  • Tokyo, Minato Ward: Club activity coaching services

Selected New Projects Since Fiscal Year 2025

  • Osaka Prefecture, Suita City: Suita City Junior High School Club Activity Management and Operation Services
  • Tokyo, Shibuya Ward: Operation and management personnel and specialized instructor placement for 10 athletic clubs at two public junior high schools
  • Hokkaido, Monbetsu City: Monbetsu City Community Club Management Services

About LEIFRAS Co., Ltd.

Headquartered in Tokyo, Leifras is a sports and social business company dedicated to youth sports and community engagement. The Company primarily provides services related to the organization and operations of sports schools and sports events for children. As of December 31, 2024, Leifras was recognized as one of Japan’s largest operators of children’s sports schools in terms of both membership and facilities by Tokyo Shoko Research. The Company’s approach to sports education emphasizes the development of non-cognitive skills, following the teaching principle “acknowledge, praise, encourage, and motivate.” The holistic approach that integrates physical and mental development sets Leifras apart in the industry. Building upon deep experience and know-how in sports education, Leifras also operates a robust social business sector, dispatching sports coaches to meet various community needs with the aim to promote physical health, social inclusion, and community well-being across different demographics.

For more information, please visit the Company’s website: https://ir.leifras.co.jp/.

Forward-Looking Statements

Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy, and financial needs. Investors can find many (but not all) of these statements by the use of words such as “approximates,” “believes,” “hopes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “plans,” “will,” “would,” “should,” “could,” “may,” or other similar expressions in this press release. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. These statements are subject to uncertainties and risks, including, but not limited to, the uncertainties related to market conditions, and other factors discussed in the “Risk Factors” section of the registration statement filed with the U.S. Securities and Exchange Commission (the “SEC”). Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the registration statement and other filings with the SEC. Additional factors are discussed in the Company’s filings with the SEC, which are available for review at www.sec.gov.

For more information, please contact:

LEIFRAS Co., Ltd.
Investor Relations Department
Email: IR@leifras.co.jp 

Ascent Investor Relations LLC
Tina Xiao
Phone: +1-646-932-7242
Email: investors@ascent-ir.com

Webull Reports Fourth Quarter and Full Year 2025 Financial Results

Company marks first full year as public company with record revenue of $571 million and record net deposits of $8.6 billion, representing a 46% and 91% increase respectively 

Webull will continue to expand product offering globally while remaining laser-focused on being the platform of choice for active, self-directed investors 

ST. PETERSBURG, Fla., March 5, 2026 /PRNewswire/ — Webull Corporation (NASDAQ: BULL) (“Webull” or the “Company”) today announced financial and operating results for the fourth quarter and full year of 2025, which ended December 31, 2025.

“I’m tremendously proud to report our first full-year results as a public company, including record revenues, AUM, customer accounts and the number of markets we serve. Webull was founded as a platform providing investors with access to valuable market information and advanced tools, and the introduction of our proprietary AI tool, Vega, will allow us to accomplish that mission in ways that are truly transformative for Webull and our users,” said Anthony Denier, Group President and U.S. CEO of Webull. “From our start, we have built our business around improving the investing experience for self-directed traders and deploying Vega brings us to a whole new level of excellence in this regard. We are proud to have become the platform of choice for sophisticated, active, self-directed investors, with a business grounded in our core equity and options offerings while also expanding into new asset classes, geographies and types of investors. The scale we have achieved is a testament to the hard work and thought leadership of our team.”

“We reported another quarter of strong financial performance, particularly in our equities and options businesses, which contributed to a significant full-year revenue increase,” said H.C. Wang, Chief Financial Officer of Webull. “We’re seeing robust returns on our strategic investment in marketing, innovation and addressable market expansion and are confident that we are positioning Webull to deliver lasting shareholder value.”

Fourth Quarter Results

Financial Results                                                                                                                                

  • Total revenues increased 50% year-over-year to $165.2 million.
  • Trading-related revenue increased 56% year-over-year.
  • Total operating expenses increased 55% year-over-year, primarily driven by higher brokerage and transaction costs, reflecting rapid growth in trading volumes and product expansion, and increased marketing and branding expenses which led to record net deposits.
  • Adjusted operating expenses increased 62% year-over-year to $143.6 million.
  • Income from continuing operations before income taxes totaled $8.1 million for the quarter, representing a year-over-year decrease of $9.2 million, primarily due to increased marketing and branding expenses and continued investment in our product and global expansion efforts.
  • Adjusted operating profit totaled $21.6 million for the quarter and was consistent year-over-year.
  • Adjusted operating profit per share – basic and diluted was $0.04, compared with an adjusted operating profit per share of $0.16 (basic and diluted) in the prior year comparative quarter. The increase in our outstanding shares between the periods contributed to the decline.
  • Net income attributable to the Company decreased to $3.0 million for the quarter from $10.8 million for the prior year comparative quarter.
  • Adjusted net income decreased to $14.6 million for the quarter, compared to $15.0 million for the prior year comparative quarter.
  • Net income per ordinary share – basic and diluted was $0.01 per share, compared to basic and diluted loss per ordinary share of $0.22 per share for the prior year comparative quarter.[1]

Operating Results

  • Customer assets totaled $24.6 billion, an all-time high, representing 81% year-over-year growth, driven by market recovery and strong net deposits, which grew 225% year-over-year.
  • Funded accounts increased to 5.0 million, representing 8% year-over-year growth.
  • Registered users increased 15% year-over-year to 26.8 million users.
  • Options contracts volume grew to 154 million, a 38% year-over-year increase and an increase of 5% from the previous quarter.
  • Equity notional volume grew to $239 billion, representing an 87% year-over-year increase and an increase of 17% from the previous quarter.
  • DARTs increased to 1.2 million, representing 55% year-over-year growth.

Full Year Results

Financial Results

  • Revenues increased 46% year-over-year to $571 million.
  • Trading-related revenue increased 59% year-over-year.
  • Total operating expenses increased 27% year-over-year primarily driven by higher brokerage and transaction costs, reflecting growth in trading volumes, and increased technology and development and general and administrative expenses due to headcount growth to support continued investment in product and global expansion efforts.
  • Adjusted operating expenses increased 24% year-over-year.
  • Income from continuing operations before income taxes for the year was $45.2 million as compared to a loss for the prior year of $12.1, an increase of $57.3 million.
  • Adjusted operating profit for the year was $110.3 million, a year-over-year increase of $92 million.
  • Adjusted operating profit per share – basic and diluted was $0.28, compared with an adjusted operating profit per share of $0.13 (basic and diluted) for the prior year.
  • Net Income attributable to the Company was $24.8 million for the year as compared to a net loss of $22.7 million for the prior year, an increase of $47.5 million.
  • Adjusted net income increased $76.3 million to $84.2 million for the year.
  • Net Loss per ordinary share – basic and diluted was $1.23, compared to $3.73 (basic and diluted) for the prior year.[1]

Operating Results 

  • Option contracts volume increased to 550 million, representing a 19% year-over-year increase.
  • Equity notional volume increased to 732 billion, representing a 59% year-over-year increase.

Company Highlights

Fourth Quarter 

  • Introduced Vega AI, the next evolution of our AI-powered decision partner delivering real-time, personalized insights and analysis using news, earnings, and data for investors to help them navigate the complexities of modern trading.
  • Launched corporate bond trading for U.S. customers, building on our previous rollout of U.S. government bond trading, enabling further user portfolio diversification.
  • Entered into a partnership with Meritz Financial Group, one of South Korea’s largest financial institutions, to offer South Korean investors seamless access to U.S. equity markets.

Full Year

  • Officially relaunched cryptocurrency trading in the U.S. market, giving users access to their Webull Pay accounts directly within the Webull app, and allowing them to trade cryptocurrency alongside all other Webull products.
  • Launched cryptocurrency in Australia, enabling access to trading of up to 240 cryptocurrencies powered by a partnership with Coinbase Prime.
  • Launched Webull in the European Union with the introduction of brokerage services in the Netherlands, giving retail investors access to European and U.S.-listed equities, fractional shares, European ETFs and U.S. options.
  • Rolled out Level 3 Options for our customers in Canada, Singapore and Hong Kong, granting access to a broader range of U.S. options strategies and providing clients with exposure to all areas of capital markets to empower full control over their portfolios.

[1] The fourth quarter year-over-year increase in basic and diluted net income per ordinary share and the annual year-over-year decrease in basic and diluted net loss per ordinary share was primarily driven by the conversion of our preferred stock into ordinary shares upon the closing of our business combination transaction with SK Growth Opportunities Corporation in April 2025.  Since April 2025, we no longer recognize non-cash accounting losses that result from increases in the fair value of our preferred shares as we no longer have any preferred stock outstanding.

Conference Call Information 

Webull will host a conference call to discuss its results at 5:00 p.m. E.T. today, March 4, 2025. The conference call can be accessed at https://event.choruscall.com/mediaframe/webcast.html?webcastid=hwHZv0ih or participants may dial 1-866-652-5200 (U.S.) or 1-412-317-6060 (international).

Following the call, a replay and transcript will be available on the Company’s website at www.webullcorp.com/investor-relations, as well as the earnings press release and accompanying slide presentation.

About Webull Corporation 

Webull Corporation (NASDAQ: BULL) owns and operates Webull, a leading digital investment platform built on next-generation global infrastructure. Through its global network of licensed brokerages, Webull offers investment services in 14 markets across North America, Asia Pacific, Europe, and Latin America. Webull serves more than 26 million registered users globally, providing retail investors with 24/7 access to global financial markets. Users can put investment strategies to work by trading global stocks, ETFs, options, futures, fractional shares, and digital assets through Webull’s trading platform, which seamlessly integrates market data and information, its user community, and investor education resources. Learn more at www.webullcorp.com. You may also access certain information on Webull and its securities on the website of the U.S. Securities and Exchange Commission (the “SEC”) at http://www.sec.gov, where Webull will, among others, be filing reports, such as Reports on Form 6-K and its Annual Report on Form 20-F.

Contacts

For Investors
ir@webullcorp.com 

For Media
5W Public Relations
Nicholas Koulermos
Webull@5wpr.com
(212) 999-5585

Use of Non-GAAP Financial Measures

We use adjusted operating profit, adjusted operating profit per share, adjusted net income, and adjusted operating expenses, all of which are non-GAAP financial measures, to evaluate our operating results and for financial and operational decision-making purposes. Adjusted operating profit represents income from continuing operations, before income taxes, excluding share-based compensation expenses, one-time transactions, and other expense (income), net. Adjusted operating profit per share represents adjusted operating profit divided by our weighted average shares outstanding on a basic and diluted basis. Adjusted net income represents net income attributable to the Company, excluding share-based compensation expenses, foreign currency transaction gains and losses, and one-time transactions. Adjusted operating expenses represent total operating expenses, excluding share-based compensation expenses and one-time transactions.

We believe that adjusted operating profit, adjusted operating profit per share, adjusted net income, and adjusted operating expenses help identify underlying trends in our business that could otherwise be distorted by the effect of certain expenses that we include in income before income taxes, net income, and total operating expenses. We believe that adjusted operating profit, adjusted net income, and adjusted operating expenses provide useful information about our operating results, enhances the overall understanding of our past performance and future prospects and allows for greater visibility with respect to key metrics used by our management in its financial and operational decision-making.

Adjusted operating profit, adjusted operating profit per share, adjusted net income, and adjusted operating expenses should not be considered in isolation or construed as an alternative to income before income taxes, earnings per share, net income attributable to the Company, and total operating expenses or any other measure of performance or as an indicator of our operating performance. Investors are encouraged to compare the historical non-GAAP financial measures to the most directly comparable GAAP measures. Adjusted operating profit, adjusted operating profit per share, adjusted net income, and adjusted operating expenses presented here may not be comparable to similarly titled measures presented by other companies. Other companies may calculate similarly titled measures differently, limiting their usefulness as comparative measures to our data. We encourage investors and others to review our financial information in its entirety and not rely on a single financial measure.

For more information on these non-GAAP financial measures, please see the table captioned “Unaudited Reconciliations of Non-GAAP and GAAP Financial Measures” set forth at the end of this press release.

Definitions

“Customer assets” refer to the sum of the fair value of all equities, ETFs, options, warrants, futures, digital assets and cash held by customers in their Webull brokerage accounts, net of customer margin balances, as of the record date. While customer assets are significantly impacted by mark-to-market valuations of customers’ investments and digital holdings, we consider customer assets an important metric as growth in customer assets generally leads to an increase in trading volumes and revenue.

“DARTs” refer to daily average revenue trades, which is the number of customer trades executed during a given period divided by the number of trading days in that period. DARTs provide us information on how active our customers trade.  A limitation of this metric is that it does not capture the size of the trade and revenue per trade varies significantly depending on size and type of trades.

“Funded accounts” refer to Webull brokerage accounts into which the customer has made an initial deposit or money transfer, of any amount, whose account balance (which is measured as the fair value of assets in the customer’s account less the amount due from the customer) has not dropped to or below zero for 45 consecutive calendar days as of the record date. Funded accounts reflect unique customers, and multiple funded accounts by a single customer are counted as one funded account. Growth in our funded accounts provides insight as to the effectiveness of our marketing efforts and our ability to acquire monetizable customers. Funded accounts are positively correlated with, but are not determinative, of customer assets, trading volumes, and revenue.

“Options contracts volume” refers to the total number of options contracts bought or sold over a specified period of time. Options contracts volume directly drives our options trading revenue, as we earn payment for order flow or commissions for customers’ options trades on a per contract basis. However, options contracts volume is highly sensitive to market conditions in the short-term, which makes predicting our options trading revenue with precision difficult.

“Registered users” refer to those users who have registered on our platform but not necessarily have opened a brokerage account with one of our licensed broker-dealers. Growth in our registered users provides insight as to the popularity of the Webull App. While we do not generate revenue from registered users who do not have brokerage accounts with us, registering an account on the Webull App is the first step toward opening and funding a brokerage account with us.

 

 

Webull Corporation

Condensed Consolidated Statements of Financial Position

December 31,
2025

December 31,
2024

Unaudited

Assets

Cash and cash equivalents

$

653,188,906

$

270,728,008

Cash and cash equivalents segregated under federal and foreign
requirements

1,537,119,275

939,232,153

Receivables from brokers, dealers, and clearing organizations

562,961,145

262,093,040

Receivables from customers, net

708,785,550

301,107,428

Prepaid expenses and other current assets

50,208,272

50,344,836

Customer-held fractional shares

172,309,953

108,252,531

Total current assets

3,684,573,101

1,931,757,996

Right-of-use assets

64,357,655

66,293,751

Property and equipment, net

35,894,855

33,629,770

Intangible assets, net

55,434,567

19,415,963

Goodwill

30,264,138

5,197,438

Deferred tax assets

9,346,987

12,374,499

Other non-current assets

1,000,000

–

Total non-current assets

196,298,202

136,911,421

Total assets

$

3,880,871,303

$

2,068,669,417

Liabilities, mezzanine equity, and shareholders’ equity (deficit)

Payables due to customers

$

2,667,837,626

$

1,378,625,130

Payables due to brokers, dealers, and clearing organizations

3,481,115

1,490,537

Lease liabilities – current portion

3,611,195

4,969,959

Accounts payable and other accrued expenses

102,183,377

61,079,799

Total current liabilities

2,777,113,313

1,446,165,425

Lease liabilities – non-current portion

8,911,821

10,438,555

Unsecured promissory notes

65,000,000

–

Deferred tax liabilities

13,366,222

5,292,255

Total non-current liabilities

87,278,043

15,730,810

Total liabilities

2,864,391,356

1,461,896,235

Commitments and Contingencies

–

–

Mezzanine equity

Convertible redeemable preferred shares (aggregate liquidation preference
   of $0 and $644,132,365 as of December 31, 2025 and December 31,
   2024, respectively; and aggregate redemption value of $0 and
   $2,861,748,733 as of December 31, 2025 and December 31, 2024,
   respectively)

–

2,861,748,733

Total mezzanine equity

–

2,861,748,733

Shareholders’ equity (deficit)

Class A ordinary shares ($0.00001 par value; 4,000,000,000 shares
   authorized, 440,715,769 and 439,591,704 shares issued and
   outstanding as of December 31, 2025, respectively; and 143,531,580
   and 139,307,224 shares issued and outstanding as of December 31,
   2024, respectively)

4,396

1,393

Class B ordinary shares ($0.00001 par value, 1,000,000,000 shares
   authorized, 83,859,005 shares issued and outstanding as of December
   31, 2025 and no shares as of December 31, 2024)

839

–

Treasury shares (1,124,485 and 4,224,356 shares as of December 31,
   2025 and December 31, 2024, respectively)

–

–

Additional paid in capital

3,192,952,827

–

Accumulated deficit

(2,178,189,845)

(2,241,054,086)

Accumulated other comprehensive income (loss)

1,524,496

(15,195,946)

Total shareholders’ equity (deficit)

1,016,292,713

(2,256,248,639)

Noncontrolling interest

187,234

1,273,088

Total equity (deficit)

1,016,479,947

(2,254,975,551)

Total liabilities, mezzanine equity, and total equity (deficit)

$

3,880,871,303

$

2,068,669,417

 

 

Webull Corporation

Unaudited Condensed Consolidated Statements of Operations and Comprehensive Income (Loss)

Year Ended December 31,

2025

2024

Revenues

Equity and option order flow rebates

$

304,126,641

$

197,069,562

Interest related income

154,256,508

130,451,877

Handling charge income

87,293,753

49,044,700

Other revenues

25,319,904

13,663,533

Total revenues

570,996,806

390,229,672

Operating expenses

Brokerage and transaction

128,749,064

79,306,618

Technology and development

79,184,019

63,840,463

Marketing and branding

135,947,415

138,721,231

General and administrative

168,642,689

122,714,628

Total operating expenses

512,523,187

404,582,940

Other expense (income), net

13,275,139

(2,302,693)

Income (loss) from continuing operations, before income taxes

45,198,480

(12,050,575)

Provision for income taxes

20,832,451

13,823,355

Income (loss) from continuing operations, net of tax

24,366,029

(25,873,930)

Income from discontinued operations, net of tax

–

2,691,778

Net income (loss)

24,366,029

(23,182,152)

Less net loss attributable to noncontrolling interest

(404,675)

(488,504)

Net income (loss) attributable to the Company

24,770,704

(22,693,648)

Preferred shares redemption value accretion

(21,702,737)

(495,088,038)

Fair value of ordinary shares issued to preferred shareholders

(513,080,828)

–

Fair value of ordinary share warrants issued to preferred shareholders

(15,600,000)

–

Excess carrying value of preferred shares repurchased

38,093,537

–

Net loss attributable to ordinary shareholders

$

(487,519,324)

$

(517,781,686)

Amounts attributable to ordinary shareholders

Income (loss) from continuing operations

$

24,366,029

$

(25,873,930)

Less loss from continuing operations attributable to noncontrolling interest

(404,675)

(488,504)

Income (loss) from continuing operations attributable to the Company

24,770,704

(25,385,426)

Preferred shares redemption value accretion

(21,702,737)

(495,088,038)

Fair value of ordinary shares issued to preferred shareholders

(513,080,828)

–

Fair value of ordinary share warrants issued to preferred shareholders

(15,600,000)

–

Excess carrying value of preferred shares repurchased

38,093,537

–

Loss from continuing operations attributable to ordinary shareholders

$

(487,519,324)

$

(520,473,464)

Income from discontinued operations attributable to ordinary shareholders

–

2,691,778

Net loss attributable to ordinary shareholders

$

(487,519,324)

$

(517,781,686)

Loss per share from continuing operations attributable to ordinary
shareholders

Basic and diluted

$

(1.23)

$

(3.75)

Income per share from discontinued operations attributable to ordinary
shareholders

Basic and diluted

$

–

$

0.02

Net loss attributable to ordinary shareholders

Basic and diluted

$

(1.23)

$

(3.73)

Weighted-average shares outstanding

Basic and diluted

396,999,679

138,828,900

Net income (loss)

$

24,366,029

$

(23,182,152)

Other comprehensive income (loss), net of tax:

Change in cumulative foreign currency translation adjustment

16,691,471

(8,430,811)

Other comprehensive income (loss)

16,691,471

(8,430,811)

Comprehensive income (loss)

41,057,500

(31,612,963)

Less comprehensive loss attributable to noncontrolling interest

(404,675)

(488,504)

Less foreign currency translation adjustment attributable to noncontrolling
interest

(28,971)

(94,666)

Preferred shares redemption value accretion

(21,702,737)

(495,088,038)

Fair value of ordinary shares issued to preferred shareholders

(513,080,828)

–

Fair value of ordinary share warrants issued to preferred shareholders

(15,600,000)

–

Excess carrying value of preferred shares repurchased

38,093,537

–

Comprehensive (loss) income attributable to ordinary shareholders

$

(470,798,882)

$

(526,117,831)

 

 

Webull Corporation

Unaudited Condensed Consolidated Statements of Operations and Comprehensive Income (Loss)

For the Three Months Ended December 31,

2025

2024

Revenues

Equity and option order flow rebates

$

87,669,418

$

58,415,050

Interest related income

43,470,483

33,072,378

Handling charge income

26,305,046

15,243,316

Other revenues

7,753,875

3,527,077

Total revenues

165,198,822

110,257,821

Operating expenses

Brokerage and transaction

35,098,985

22,567,222

Technology and development

20,589,708

17,509,441

Marketing and branding

53,254,342

23,358,023

General and administrative

39,056,787

31,786,151

Total operating expenses

147,999,822

95,220,837

Other expense (income), net

9,065,477

(2,271,535)

Income from continuing operations, before income taxes

8,133,523

17,308,519

Provision for income taxes

5,118,410

9,379,479

Income from continuing operations, net of tax

3,015,113

7,929,040

Income from discontinued operations, net of tax

–

2,691,778

Net income

3,015,113

10,620,818

Less net loss attributable to noncontrolling interest

(26,213)

(141,167)

Net income attributable to the Company

3,041,326

10,761,985

Preferred shares redemption value accretion

–

(42,177,264)

Fair value of ordinary shares issued to preferred shareholders

–

–

Fair value of ordinary share warrants issued to preferred shareholders

–

–

Excess carrying value of preferred shares repurchased

–

–

Net income (loss) attributable to ordinary shareholders

$

3,041,326

$

(31,415,279)

Amounts attributable to ordinary shareholders

Income from continuing operations

$

3,015,113

$

7,929,040

Less loss from continuing operations attributable to noncontrolling interest

(26,213)

(141,167)

Income from continuing operations attributable to the Company

3,041,326

8,070,207

Preferred shares redemption value accretion

–

(42,177,264)

Fair value of ordinary shares issued to preferred shareholders

–

–

Fair value of ordinary share warrants issued to preferred shareholders

–

–

Excess carrying value of preferred shares repurchased

–

–

Income (loss) from continuing operations attributable to ordinary
shareholders

$

3,041,326

$

(34,107,057)

Income from discontinued operations attributable to ordinary shareholders

–

2,691,778

Net income (loss) attributable to ordinary shareholders

$

3,041,326

$

(31,415,279)

Income (loss) per share from continuing operations attributable to ordinary
shareholders

Basic

$

0.01

$

(0.24)

Diluted

$

0.01

$

(0.24)

Income per share from discontinued operations attributable to ordinary
shareholders

Basic

$

–

$

0.02

Diluted

$

–

$

0.02

Net income (loss) attributable to ordinary shareholders

Basic

$

0.01

$

(0.22)

Diluted

$

0.01

$

(0.22)

Weighted-average shares outstanding

Basic

521,969,391

139,307,224

Diluted

535,685,132

139,307,225

Net income

$

3,015,113

$

10,620,818

Other comprehensive income (loss), net of tax:

Change in cumulative foreign currency translation adjustment

7,208,159

(9,615,203)

Other comprehensive income (loss)

7,208,159

(9,615,203)

Comprehensive income

10,223,272

1,005,615

Less comprehensive loss attributable to noncontrolling interest

(26,213)

(141,167)

Less foreign currency translation adjustment attributable to noncontrolling
interest

392

(68,888)

Preferred shares redemption value accretion

–

(42,177,264)

Fair value of ordinary shares issued to preferred shareholders

–

–

Fair value of ordinary share warrants issued to preferred shareholders

–

–

Excess carrying value of preferred shares repurchased

–

–

Comprehensive income (loss) attributable to ordinary shareholders

$

10,249,093

$

(40,961,594)

 

 

Webull Corporation

Unaudited Annual Reconciliation of Non-GAAP and GAAP Financial Measures

Adjusted Operating Expenses Reconciliation

(Unaudited)

For the Years Ended December 31,

2025

2024

2023

Total operating expenses (GAAP)

$

512,523,187

$

404,582,940

$

366,623,191

Less:  Share-based compensation

43,872,899

32,587,611

29,411,885

One-time transaction:

Less:  Webull Pay transaction related employee
distributions

7,925,436

–

–

Adjusted operating expenses (Non-GAAP)

$

460,724,852

$

371,995,329

$

337,211,306

 

 

Adjusted Operating Profit Reconciliation

(Unaudited)

For the Years Ended December 31,

2025

2024

2023

Income (loss) from continuing operations, before income
taxes

$

45,198,480

$

(12,050,575)

$

20,178,094

Add: Other expense (income), net

13,275,139

(2,302,693)

2,801,285

Add: Share-based compensation

43,872,899

32,587,611

29,411,885

One-time transaction:

Add:  Webull Pay transaction related employee
distributions

7,925,436

–

Adjusted operating profit (loss) (Non-GAAP)

$

110,271,954

$

18,234,343

$

52,391,264

Adjusted operating profit per share (Non-GAAP) – basic
and diluted

$

0.28

$

0.13

$

0.38

Weighted-average shares outstanding – basic and diluted

396,999,679

138,828,900

137,965,591

 

 

Adjusted Net Income Reconciliation

(Unaudited)

For the Years Ended December 31,

2025

2024

2023

Net income (loss) attributable to the Company (GAAP)

$

24,770,704

$

(22,693,648)

$

6,069,284

Add: Share-based compensation

43,872,899

32,587,611

29,411,885

Add: Foreign currency transaction losses (gains)

12,191,586

(1,972,531)

2,295,582

One-time transactions:

–

Add:  Equity offering costs

10,976,693

–

–

Add:  Webull Pay transaction related employee
distributions

7,925,436

–

–

Less:  Gain from Webull Pay acquisition

(15,495,593)

–

–

Adjusted net income (loss) (Non-GAAP)

$

84,241,725

$

7,921,432

$

37,776,751

 

 

Webull Corporation

Unaudited Quarterly Reconciliation of Non-GAAP and GAAP Financial Measures

Adjusted Operating Expenses Reconciliation

(Unaudited)

          For the Three Months Ended

                     (Unaudited)

 

December 31,

2024

March 31,

2025

June 30,

2025

September 30,

2025

December 31,

2025

Total operating expenses
(GAAP)

 

$95,220,837

$

96,782,106

$

135,218,723

$

132,522,536

$

147,999,822

Less:  Share-based
compensation

 

6,621,570

8,069,045

26,969,402

4,483,566

4,350,886

One-time transaction:

Add:  Webull Pay transaction
related employee distributions

–

–

–

7,925,436

–

Adjusted operating expenses
(Non-GAAP)

 

$88,599,267

$

88,713,061

$

108,249,321

$

120,113,534

$

143,648,936

 

 

Adjusted Operating Profit Reconciliation

(Unaudited)

         For the Three Months Ended

                      (Unaudited)

December 31,

2024

March 31,

2025

June 30,

2025

September 30,

2025

December 31,

2025

Income (loss) from continuing
operations, before income
taxes

$17,308,519

$

19,497,312

$

(21,385,169)

$

38,952,814

$

8,133,523

Add: Other (income) expense,
net

(2,271,535)

1,089,417

17,659,796

(14,539,551)

9,065,477

Add: Share-based
compensation

6,621,570

8,069,045

26,969,402

4,483,566

4,350,886

One-time transaction:

Add:  Webull Pay transaction
related employee distributions

–

–

–

7,925,436

–

Adjusted operating profit (Non-
GAAP)

$21,658,554

$

28,655,774

$

23,244,029

$

36,822,265

$

21,549,886

Adjusted operating profit per
share (Non-GAAP) – basic

$           0.16

$

0.21

$

0.05

$

0.08

$

0.04

Adjusted operating profit per
share (Non-GAAP) – diluted

$           0.16

$

0.21

$

0.05

$

0.07

$

0.04

Weighted-average shares
outstanding – basic

139,307,224

139,307,224

431,390,035

490,103,946

521,969,391

Weighted-average shares
outstanding – diluted

139,307,224

139,307,224

431,390,035

508,333,712

535,685,132

 

 

Webull Corporation

Unaudited Quarterly Reconciliation of Non-GAAP and GAAP Financial Measures (Cont.)

Adjusted Net Income Reconciliation

(Unaudited)

         For the Three Months Ended

                      (Unaudited)

December 31,

2024

March 31,

2025

June 30,

2025

September 30,

2025

December 31,

2025

Net income (loss) attributable to
the Company (GAAP)

 

$

 

10,761,985

$

13,085,807

$

(28,274,027)

$

36,917,598

$

3,041,326

Add: Share-based compensation

6,621,570

8,069,045

26,969,402

4,483,566

4,350,886

Add: Foreign currency transaction
losses (gains)

 

(2,439,029)

103,707

5,740,232

(865,581)

7,213,228

One-time transaction:

Add:  Equity offering costs

–

–

10,976,693

–

–

Add:  Webull Pay transaction
related employee distributions

–

–

–

7,925,436

–

Less:  Gain from Webull Pay
acquisition

 

–

–

–

(15,495,593)

–

Adjusted net income (Non-GAAP)

$14,944,526

$

21,258,559

$

15,412,300

$

32,965,426

$

14,605,440

 

Contra Revenue Impact 

Most of our platform users are not considered customers under ASC 606, Revenues from Contracts with Customers (“ASC 606”), and promotional payments made to these platform users are accounted for as a marketing and branding expense. Conversely, for our platform users who have been determined to be customers under ASC 606, we account for these promotional payments as a reduction in revenue (i.e., “contra revenue”). The following presents how contra revenue impacted our revenues.

Annual Impact:

For the Year Ended December 31,

2025

2024

2023

Contra revenue impact on:

(Unaudited)

Option handling fees

$

(9,994,695)

$

(503,805)

$

(252,982)

Platform and trading fees

(9,856,696)

(3,120,124)

(265,128)

Other income

(1,330,457)

–

–

Total contra revenue

$

(21,181,848)

$

(3,623,929)

$

(518,110)

 

Quarterly Impact:

        For the Three Months Ended

December

31,

2024

March 31,

2025

June 30,

2025

September 30,

2025

December 31,

2025

Contra revenue impact on:

                    (Unaudited)

Option handling fees

$    (42,833)

$

(118,541)

$

(1,440,872)

$

(2,241,855)

$

(6,193,427)

Platform and trading fees

(1,027,489)

(2,706,115)

(3,219,590)

(1,204,441)

(2,726,550)

Other income

–

–

(427,442)

(214,069)

(688,946)

Total contra revenue

$(1,070,322)

$

(2,824,656)

$

(5,087,904)

$

(3,660,365)

$

(9,608,923)

 

Statement regarding unaudited financial and operational information

The unaudited financial and operational information included in this press release is subject to potential adjustments and is based on the information available to management at this time. Potential adjustments to operational and consolidated financial information may be identified from work performed during Webull’s preparation of financial statements subsequently hereto or its year-end audit. Information may also be presented differently from the information included herein in the future. This could result in significant differences from the unaudited or other historical operational and financial information included herein.

Cautionary Note Regarding Forward-Looking Statements

This press release includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact contained in this press release or other statements of the Company made in connection herewith, including, for instance, statements as to business strategy and plans, future results of operations and financial position, planned products and services, objectives of management for future operations or strategies of the Company, market size and growth opportunities, competitive position and technological and market trends, are forward-looking statements. Some of these forward-looking statements can be identified by the use of forward-looking words, including “anticipate,” “expect,” “suggests,” “plan,” “believe,” “predict,” “potential,” “seek,” “future,” “propose,” “continue,” “intend,” “estimates,” “targets,” “projects,” “should,” “could,” “would,” “may,” “will,” “forecast” or the negatives of these terms or variations of them or similar terminology although not all forward-looking statements contain such terminology.

All forward-looking statements are based upon current estimates and forecasts and reflect the reasonable views, assumptions, expectations, and opinions of the Company and its management as of the date of this press release, and are therefore subject to a number of factors, risks and uncertainties, some of which are not currently known to the Company and its management and could cause actual results to differ materially from those expressed or implied by such forward-looking statements. Some of these factors include, but are not limited to: (1) the ability of the Company to grow and manage growth profitably, maintain relationships and deepen engagement with users, customers and suppliers, and retain its management and key employees; (2) the reliance of key functions of the Company’s business on third-parties and the risk that the Company’s platform and systems rely on software and applications that are highly technical and may contain undetected errors that could result in unexpected network interruptions, failures, security breaches, or computer virus attacks; (3) the risks associated with the Company’s global operations and continued global expansion, including, but not limited to, the risks related to complex or constantly evolving political or regulatory environments that may result in substantial costs or require adverse changes to the Company’s business practices; (4) the Company’s estimates of expenses and costs, of profitability or of other operational and financial metrics as well as the Company’s expectations regarding demand for and market acceptance of its products and service; (5) the Company’s reliance on trading related income, including payment for order flow (“PFOF”), and the risk of new regulation or bans on PFOF and similar practices; (6) the Company’s exposure to fluctuations in interest rates, rapidly changing interest rate environments, volatile prices of securities and digital assets and their respective trading volumes; (7) the Company’s reliance on a limited number of market makers and liquidity providers to generate a large portion of its revenues, and the negative impact of the loss of any of those market makers or liquidity providers; (8) the effects of competition in the Company’s industry and the Company’s need to constantly innovate and invest in new markets, products, technologies or services to retain, attract and deepen engagement with users; (9) changes in international trade policies and trade disputes that could result in tariffs, taxes or other protectionist measures adversely affecting our business; (10) risks related to general political, economic and business conditions globally and in jurisdictions where the Company operates; (11) risk of further actions taken by various government bodies in the United States that have made the Company the subject of inquiries and investigations relating to concerns about our connections to China; (12) the risk that the failure to protect customer data and privacy or to prevent security breaches relating to the Company’s platform could result in economic loss, damage to its reputation, deter customers from using its products and services, and expose it to legal penalties and liability; (13) the risks associated with incorporating artificial intelligence technologies into certain of our products and processes, including potential regulatory, operational, reputational, or compliance challenges; (14) risks related to the Company’s need as a regulated financial services company to develop and maintain effective compliance and risk management infrastructures as well as to maintain capital levels required by regulators and self-regulatory organizations; (15) the ability to meet, or continue to meet, stock exchange listing standards; (16) the possibility of adverse developments in pending or new litigation and regulatory investigations; (17) risks relating to our offering of event contracts or prediction market products in the United States, including potential changes in regulatory interpretations or enforcement priorities; (18) risks related to significant disruptions in the cryptocurrency market that negatively impacts user engagement with cryptocurrency trading on our platform; (19) political, regulatory or economic changes that affect cryptocurrencies, including changes in the governance of a cryptocurrency; (20) risks related to the offer and resale of our securities, such as dilution from the issuance of additional Class A ordinary shares upon the exercise of warrants, and increased volatility, or significant declines, in the price of our securities based on increased trading activity and the perception that sales of our securities may occur; and (21) other risks and uncertainties that are more fully described in filings made, or to be made, by the Company with the SEC, including in the sections entitled “Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements” in the Company’s filings with the SEC, such as the Company’s Annual Report on Form 20-F, as amended, filed with the SEC on April 25, 2025. The foregoing list of factors is not exhaustive. Reported results should not be considered an indication of future performance. There may be additional risks that the Company and its management presently do not know about or that the Company and its management currently believe are immaterial that could also cause actual results to differ materially from those contained in the forward-looking statements. In light of these factors, risks and uncertainties, the forward-looking events and circumstances discussed in this press release may not occur, and any estimates, assumptions, expectations, forecasts, views or opinions set forth in this press release should be regarded as preliminary and for illustrative purposes only and accordingly, undue reliance should not be placed upon the forward-looking statements. The Company assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise, except as required by law.

 

Bamboo Rose and R.M.Williams Expand Retail Planning Partnership on TotalPLM™

BOSTON and SYDNEY, March 5, 2026 /PRNewswire/ — Bamboo Rose announced continued momentum in its partnership with iconic Australian brand R.M.Williams, a long-standing customer of Bamboo Rose Plan, formerly Foresight Retail and now part of the TotalPLM™ platform. R.M.Williams is live on Item Planning and is progressing toward Merchandise Financial Planning, with additional capabilities planned through 2026.

Bamboo Rose and R.M.Williams Expand Retail Planning Partnership on TotalPLM™
Bamboo Rose and R.M.Williams Expand Retail Planning Partnership on TotalPLM™

Through Bamboo Rose Plan, R.M.Williams is strengthening planning across both locally manufactured core products, including its celebrated Made-in-Australia boots, and purchased goods. This enables more connected and responsive decision-making across the assortment.

“R.M.Williams has been a valued partner, and it’s exciting to see the momentum they’re building with Bamboo Rose Plan within TotalPLM,” said Gary Lalli, planning product strategist at Bamboo Rose. “Their team is using planning to support a powerful Australian manufacturing story while creating a foundation for future growth and emerging AI capabilities.”

“Partnering with Bamboo Rose is helping us modernize the way we plan and make decisions across the business,” said Peter Ratcliffe, head of technology at R.M.Williams. “By bringing planning into a more connected, data-driven environment, we’re building a stronger foundation for innovation and scalable growth while supporting the unique needs of our locally made and purchased ranges.”

Together, Bamboo Rose and R.M.Williams will continue to expand the partnership to support the brand’s long-term growth, operational agility, and commitment to delivering exceptional products to customers in Australia and around the world.

About R.M.Williams
Founded in 1932, R.M.Williams is one of Australia’s most iconic footwear and apparel brands, known for premium craftsmanship and locally made boots. The brand continues to innovate while honoring its Australian heritage.

About Bamboo Rose
Bamboo Rose is a global leader in enterprise retail technology solutions. TotalPLM™ is the most comprehensive Product Lifecycle Management (PLM) platform, integrating Planning and Merchandising, Creative Collaboration, Product Development, Sourcing, Supplier Relationship Management, Purchase Order Management, and Global Trade Management — all powered by AI-fueled Decision Intelligence. Built for scalability and agility, the Bamboo Rose platform helps retailers and brands optimize operations, drive margin growth, and meet evolving industry demands. Learn more at bamboorose.com or follow Bamboo Rose on LinkedIn.

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Fedcap Expands Global Footprint with Acquisition of The Community Collective QLD, Entering the Australian Market

NEW YORK and SIPPY DOWNS, Australia, March 5, 2026 /PRNewswire/ — Fedcap, 90-year old global non-profit advancing economic mobility and wellbeing, today announced the acquisition of The Community Collective QLD (TCCQ), a Queensland-based provider of disability support and employment services in the Sunshine Coast region. This marks Fedcap’s strategic expansion into the Australian market, strengthening its international network of service organisations dedicated to empowering people with disabilities and other barriers to full participation in sustainable employment.

The Community Collective QLD is a registered provider under Australia’s National Disability Insurance Scheme (NDIS), delivering a broad suite of services that support participants’ independence, community participation, employment pathways, and life skill development.

“We are pleased to welcome The Community Collective QLD into the Fedcap family,” said Christine McMahon, President and Chief Executive Officer of Fedcap. “This acquisition brings Fedcap’s decades of experience addressing persistent unemployment to the Australian market. It also creates an opportunity to integrate Australia’s best practices, including TCCQ’s model, into our broader international portfolio. By pairing our expertise with TCCQ’s strong, person-centred programming for people with disabilities, we are positioned to scale impact and create durable pathways to employment and community participation.”

The Community Collective QLD is a registered NDIS provider delivering comprehensive, person-centred supports that empower individuals with disabilities to build independence, participate fully in their communities, and pursue meaningful employment. The organisation works closely with participants to strengthen capacity and daily living skills, set and achieve personal goals, and develop greater autonomy. Through structured group programs and individualised supports, TCCQ fosters social connection, community participation, and skill development, enabling participants to engage confidently in local events and initiatives.

A core focus of the organisation is supporting young people as they transition from school to employment. TCCQ provides tailored, hands-on guidance to help participants identify career interests, build work readiness, and map out practical pathways toward sustained employment. Complementing these services, TCCQ delivers allied health supports, including face-to-face and telehealth counselling and social work services, to promote wellbeing, advocate for participant needs, and ensure steady progress toward individual goals.

Its registered NDIS support categories span community participation, behavioural support, daily living skill development, travel and transport assistance, employment preparation and retention, and specialised supported employment services – offering an integrated framework designed to advance independence, stability, and long-term economic participation.

“We’ve always been committed to creating meaningful outcomes for individuals with disabilities and their families across Queensland,” said Brendon and Sarah McIntosh, Co-Directors of The Community Collective QLD. “Joining forces with Fedcap, which has more than 90 years of extraordinary programs, enables us to deepen our impact and bring global best practices to our local community.”

Over the past seven-plus years, The Community Collective QLD has supported more than 1,000 individuals, consistently meeting or exceeding all Disability Employment Quality Standards while placing over 400 people into employment. For the past five consecutive years, the organisation has outperformed the national Disability Employment average. Today, TCCQ continues this strong trajectory, actively supporting approximately 150 individuals, with a growing waitlist reflecting sustained demand for its services.

The integration aims to deliver broader resources, shared expertise, and innovative program design to support participants with diverse needs and ambitions. As part of Fedcap’s international network, The Community Collective QLD will benefit from collaborative learning, evidence-based approaches, and cross-regional opportunities to strengthen service quality and outcomes.

About Fedcap
For nearly 90 years, Fedcap has developed scalable, innovative, and potentially disruptive solutions to some of society’s most pressing needs. Fedcap drives economic mobility through four practice areas – education, workforce development, health, and economic development. Fedcap also invests its time and resources in broader system change, working in partnership with federal, state, and local government to improve the way services are designed, funded, and delivered. For more information visit www.fedcapgroup.org

About The Community Collective QLD
The Community Collective QLD is a Sunshine Coast–based organisation and registered NDIS provider supporting people with disability through capacity building, community engagement, employment pathways, allied health services, and personalised NDIS support to help participants build the life they want and achieve greater independence. For more information visit: www.thecommunitycollectiveqld.com.au

Media Contact:
Jim Malatras, JMalatras@fedcap.org

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Yarbo’s M Series Hits $1 Million on Kickstarter within 2 Hours

NEW YORK, March 5, 2026 /PRNewswire/ — Yard robotics manufacturer Yarbo’s newly launched M Series surpassed US$1 million in funding within 2 hours on Kickstarter, backed by over 200 supporters, reflecting clear market interest ahead of its official retail and strong demand for a modular, all-season yard robot designed for everyday homes.

Yarbo M Series
Yarbo M Series

After debuting the M Series at CES 2026, Yarbo launched the product through a Kickstarter crowdfunding from March 4 to April 20. Built on Yarbo’s modular DNA, the M Series delivers an intelligent, automated approach to everyday yard care while helping reduce time and operational complexity. Key highlights include:

1. One Core, Four Jobs.

The M Series supports interchangeable modules for every season, from mowing and trimming to leaf collection and snow clearing. Powered by a universal Core, the system replaces multiple single-purpose outdoor machines.

2. Easy Setup – Drop, Map, Go.

The M Series delivers a low learning curve and setup in minutes. Users can simply place the robot on the lawn, map the area, and let it get to work automatically—without buried wires, ladders, or complex calibration.

3. Compact Size. Strong performance.

The M Series delivers up to 220 lbs of towing capacity for demanding yard tasks, climbs slopes up to 35° (70%), and crosses 2-inch steps with ease. It navigates complex terrain such as pavers, roots, and uneven surfaces while reaching narrow mowing zones along fences and edges that bulkier machines often miss, all while remaining easy to push, store, and maintain.

4. High-Speed Wireless Charging. Replaceable Battery.

The high-power wireless charging system charges the 10 Ah battery from 10% to 90% in about 30 minutes, delivering up to three times faster charging than traditional charging methods while significantly reducing downtime and maximizing daily coverage.

With the M Series, Yarbo brings a solution designed to handle the complex terrain of standard residential yards, such as narrow pathways and tighter outdoor spaces. To better serve homeowners with different yard sizes, the M Series also offers multiple battery options, enabling a more tailored balance of runtime, coverage, and performance for individual yard care needs.

“The success of the M Series launch on Kickstarter highlights a shift in consumer demand toward versatile, autonomous yard care solutions,” said Kenneth Kohlmann, Co-Founder and VP at Yarbo. “This new series represents a pivotal expansion for Yarbo, allowing us to scale our vision of the smart yard to a much broader market. We are thrilled by the campaign’s momentum and look forward to bringing the new M Series to our growing community.”

The M Series is now live on Kickstarter, offering exclusive early-backer pricing starting at $2,099. Supporters can back the campaign and reserve their unit through Kickstarter.

For more information on Yarbo M Series, please visit: mseries.yarbo.com