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DFI Retail Group Holdings Limited 2026 Half-Year Results For The Six Months Ended 30 June 2026


The following announcement was issued today to a Regulatory Information Service approved by the Financial Conduct Authority in the United Kingdom.

DFI RETAIL GROUP HOLDINGS LIMITED
HALF-YEAR RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2026

Highlights

  • Underlying profit from continuing businesses1 grew 44% to US$117 million
  • Reported profit was US$118 million, compared to a US$38 million loss in the prior year period
  • Like-for-like (LFL) subsidiary sales growth from continuing businesses2 improved to 3%
  • Health & Beauty sustained strong LFL sales; Convenience and Home Furnishings returned to growth
  • E-commerce and DFIQ Media contributed to approximately 35% of sales growth
  • Return on capital employed improved to 12%, up from 9% as of December 2025
  • Interim dividend of US¢6.20 per share, up 77% year-on-year. Maintain full-year dividend payout of 70%
  • Raised full-year organic revenue3 growth guidance to be between 3.0% and 4.0%, and underlying profit to be between US$285 million and US$305 million
  • Announced 100% interest acquisition of Cody Hong Kong (Cody HK), one of the leading outdoor advertising solution providers in Hong Kong
HONG KONG SAR – Media OutReach Newswire – 28 July 2026 – “Our first-half performance, with underlying profit1 growth of 44% and a consistently improving LFL subsidiary sales trend, reflects the strength of our strategy in action – a sharper value for customers, a strong focus on returns and execution with discipline. This was supported by sustained momentum in Health & Beauty, as well as strong recovery in Convenience and Home Furnishings segments. Our acquisition of Cody HK’s extensive outdoor media portfolio, together with its experienced leadership team, strengthens our capability to deliver full-funnel, omnichannel advertising solutions while accelerating the growth of DFIQ Media. As we continue to deepen customer engagement and build new profit pools through the DFI Omni Platform, we are well-positioned to deliver sustainable long-term value with greater earnings resilience.”
Scott Price
Group Chief Executive

DFI HY2026 Table

DFI RETAIL GROUP HOLDINGS LIMITED
HALF-YEAR RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2026

OVERVIEW

The Group delivered strong performance in an evolving macroeconomic climate, underpinned by disciplined execution and a focus on driving higher returns. A portfolio built on everyday essentials, combined with a strong value proposition with convenience, continues to resonate with customers against the backdrop of oil price volatility. For the first half of 2026, subsidiary LFL sales growth from continuing businesses4 further improved to 3%. This was driven by sustained strong momentum in the Health & Beauty segment, as well as a return to growth in both the Convenience and Home Furnishings businesses. Price reinvestment, supported by a reset in sourcing strategy, drove Food volume growth with Wellcome’s basket price now trading at a discount relative to the Greater Bay Area5, compared to a premium in the prior year.

The Group’s commitment to retail excellence, a lean overhead structure and expanded omnichannel touchpoints enables us to serve our customers with better pricing and better experience. The DFI Omni Platform further strengthens this by seamlessly integrating our extensive store network with digital capabilities, delivering greater convenience and personalisation while unlocking new value pools through rich, cross-format data insights. Developing and scaling high-margin revenue streams, including retail media (DFIQ Media) and insights monetisation (DFIQ Insights), will diversify our profit base and support long-term value creation.

To enhance operational efficiency and improve productivity of team members, the Group introduced GenAI-powered tools in the first half of 2026, with plans to scale deployment across operating markets in the coming months. In parallel, AI capabilities are increasingly embedded across core retail functions, including assortment optimisation, promotion planning and demand forecasting, to drive better, more data-driven decisions.

The Group undertook a thorough review of the cost structure with the aim of driving sustainable savings and improving long-term cost efficiency. This has led to a reallocation of resources and costs toward format-level operations, driving greater agility and responsiveness to evolving market conditions, while continuing to reduce central selling, general and administrative (SG&A) costs through overhead optimisation. Combined with improving digital economics, underlying operating profit from continuing businesses6 grew 14% year-on-year in the first half of 2026. Improved operating performance and lower financing costs contributed to an 11% increase in underlying profit attributable to shareholders, or 44% from continuing businesses7 only.

The Group maintained a healthy balance sheet with a net debt position of US$22 million as of 30 June 2026. Return on capital employed further improved to 12%, up from 9% as of December 2025.

The Group declared an interim dividend of US¢6.20 per share, representing a significant increase of 77% compared to the same period last year. This enhanced interim dividend distribution underscored the Board’s confidence in the Group’s underlying business momentum and strong cash flow generation, while ensuring sufficient capital for future growth in line with our 70% payout policy.

OPERATING PERFORMANCE

Overall
For the first half of 2026, underlying subsidiary revenue from continuing businesses6 was US$4.1 billion, up 4% year-on-year and 3% on a LFL basis. The growth was driven by strong performance in the Health & Beauty division, as well as a return to growth in the Convenience and Home Furnishings segments. Total revenue, including Maxim’s, was US$5.6 billion. Excluding divestments7, total revenue increased by approximately 4%.

Overall underlying profit attributable to shareholders from continuing businesses7 grew 44% year-on-year to US$117 million, primarily driven by improved operating profit and lower financing costs.

Underlying subsidiary profit from continuing businesses6 was US$101 million, reflecting a 49% year-on-year increase, primarily driven by earnings recovery in the Home Furnishings and Food segment with lower SG&A expenses as a result of overhead reduction.

Underlying profit from associates was US$16 million, down from US$30 million in the prior comparable period, which included share of profits from Robinsons Retail ahead of its disposal. Excluding this, profit contribution from associates was up 22% year-on-year due to robust sales growth and effective cost optimisation at Maxim’s.

The Group reported operating cash flow after lease payments of US$178 million, 16% higher than the prior year period, driven by underlying operating profit growth. Free cash flow for the period was a net inflow of US$85 million, down 5% year-on-year, due to increased capex investment in priorities that will further strengthen the Group’s competitive position while driving long-term value for shareholders.

Digital
Capturing a significant share of daily essential customer missions in Hong Kong, the DFI Omni Platform – powered by yuu – enables deeper customer engagement across offline and online touchpoints, maximises data capture and unlocks incremental margin opportunities beyond core retail through DFIQ Media and DFIQ Insights. Overall digital turned profitable, with e-commerce and DFIQ Media contributing to approximately 35% of total revenue growth in the first half of 2026. This was supported by improved underlying e-commerce economics, a rising online sales penetration8 to 6.9% and 3 times in DFIQ Media revenue compared to first half of 2025. As of June 2026, more than 10,000 digital media-ready screens were available across DFI outlets.

Subsidiaries
Sales for the Health & Beauty division were US$1.4 billion, up 8% year-on-year from continuing businesses9, 7% in constant currency, or 6% on a LFL basis, with continued market share gains across key operating markets. Mannings and Guardian deepened their leadership as the trusted advisors for wellness through an enhanced, wellness-focused assortment and continued roll-out of skin and scalp assessment services across a wider store network. The recently announced exclusive distribution partnership with Holland & Barrett, a leading UK health and wellness retailer, will further expand customer access to trusted wellness solutions in Hong Kong and Singapore, followed by a broader rollout across selected Asia markets in the coming years. In Hong Kong and Macau, Mannings delivered 5% LFL sales growth, driven by increased basket size and robust tourist store sales amid higher visitor arrivals. In Southeast Asia, Guardian achieved strong LFL sales growth of 9%, supported by higher basket sizes and improved promotional efficiency, with Indonesia and Vietnam delivering close to 20% LFL growth. Excluding the impact of cost reallocation and closure of Mannings China offline stores, divisional profit increased moderately by 2% to US$109 million. Margin declined primarily due to increased strategic promotions to drive stronger sales and market share in Southeast Asia, particularly in Malaysia where health & beauty retailers did not benefit from the SARA Cash Aid Programme.

Total Convenience sales were US$1.2 billion, up 4% year-on-year or 2% on a LFL basis, as continued growth in higher-margin categories, including ready-to-eat (RTE) and exclusive collectibles, more than offset the decline in lower-margin cigarette volumes. Hong Kong LFL sales returned to growth in the second quarter following ten consecutive quarters of decline, supported by RTE and an expanded non-food assortment, including limited-edition collectibles and K-pop merchandise. Excluding cigarettes, LFL sales were up 3% for the period. In Singapore, effective promotional campaigns and collectible product launches drove strong LFL sales growth of 8%. In South China, continued store network expansion through a capex-light franchise model – including a net addition of 112 stores since June 2025 to nearly 1,980 locations – contributed to 12% sales growth year-on-year or 6% on constant currency basis. LFL sales were 1% higher compared to the prior year period, driven by the successful launch of Own Brand in key categories of frozen products and packaged drinks. The team remains focused on driving footfall and sales through further expansion of the RTE offering across both offline and online channels. This includes a broader rollout of the Food Bar to 453 stores as of June 2026, up from 325 at year-end 2025, and strong overall online sales growth of more than 35%. Excluding cost reallocation impact, profit for the division increased by 2% to reach US$37 million.

Reported sales for the Food division from continuing businesses10 were US$1.1 billion, up 1% year-on-year. LFL sales returned to positive growth of 0.5% in the second quarter of 2026. In Hong Kong, investment in reduced pricing on core basket items, a stronger fresh proposition, and Own Brand offering drove 2% increase in total volume and 0.5% LFL sales growth in the first half of 2026. As of June 2026, Wellcome’s “Everyday Value” range has expanded to nearly 500 items, offering savings of up to 40%, bringing its basket price down from a premium to a discount relative to the Greater Bay Area. The team also accelerated omnichannel growth with more than 35% growth in online order volume. In Cambodia, Lucky reported strong double-digit sales growth, with profit more than doubling year-on-year. The plan to open 50 new stores over the next few years remains on track. Macau Food sales remained challenging as a result of cross-border grocery shopping. Excluding the impact of cost reallocation and the divestment of Singapore Food, overall divisional profit increased by 27% year-on-year to US$17 million.

The Home Furnishings division delivered strong recovery in performance during the first half of 2026, with LFL sales growth of 4%, compared to a decline of 6% in the prior year period. Price reinvestment in core value SKUs, a stronger focus on locally relevant ranges and IKEA Food innovation drove increased footfall and items per baskets, resulting in a 3% LFL sales growth in Hong Kong and 5% in Taiwan. IKEA Food remains a critical traffic and revenue driver, accounting for 15% of total sales. In Indonesia, while offline sales momentum remained soft, LFL sales trend improved on a strengthening IKEA’s omnichannel proposition with online sales penetration reaching 24%. Sales recovery and effective cost optimisation measures contributed to 85% growth in overall divisional profit, excluding cost reallocation impact.

Associates
The Group’s share of Maxim’s underlying profits was US$16 million for the first half of 2026, up 15% year-on-year, underpinned by continued cost optimisation and operational efficiency measures. Sales for the period increased by 4%, driven by strong restaurant performance in Southeast Asia and a return to growth in the Chinese mainland, partially offset by weaker sales in Hong Kong.

RECENT BUSINESS DEVELOPMENTS

On 30 June 2026, the Group announced the acquisition of 100% interest in Cody Hong Kong (Cody HK), one of the leading outdoor advertising solution providers in Hong Kong, for a cash consideration of HK$30.2 million (approximately US$3.8 million) from ARN Media Network Limited (ASX: A1N), subject to customary adjustments.

The acquisition advances DFI’s strategy to build a full-funnel advertising solution in Hong Kong through DFIQ Media. By integrating Cody HK’s strategic assets – including multi-year exclusive advertising rights with Kowloon Motor Bus (KMB) and Hong Kong Tramways (HKT) – with DFI’s extensive store network, growing online user base, and closed-loop measurement capabilities, DFIQ Media strengthens its ability to deliver high-impact advertising solutions to a broader advertiser base across online, in-store, and outdoor channels.

Subject to satisfaction of third-party consents, the transaction is expected to complete in the second half of 2026.

PEOPLE

On 6 July 2026, the Group announced four senior leadership appointments effective from 1 August 2026. These moves reflect the Group’s continued focus on strengthening its leadership pipeline and driving the next phase of growth with experienced, proven leaders.

Andrew Wong will be appointed Chief Executive Officer, DFI IKEA. Formerly CEO of Health & Beauty, Andrew brings extensive experience in driving customer-led growth, operational discipline and in-store digitalisation across multiple markets. His earlier leadership of franchise operations at Jardine Restaurant Group positions him well to lead the IKEA business into its next phase of development.

Curtis Liu, having most recently served as Chief Executive Officer of Food, will be appointed Chief Executive Officer, Health & Beauty. His proven leadership in driving customer value repositioning in Hong Kong, combined with deep operational retail knowledge and digital experience at JD.com, positions him well to drive continued momentum and omnichannel growth in Health & Beauty.

Tom van der Lee will be appointed Chief Executive Officer, Food. Tom has played an instrumental role as Group Chief Financial Officer, driving financial discipline and supporting key strategic decisions across the Group. His prior experience at FrieslandCampina, a global food company, and his broad financial leadership across DFI banners in Southeast Asia supported his strong commercial grounding to lead the Food business.

Kaizhi Wu will succeed Tom as Group Chief Financial Officer. Kaizhi currently serves as Group Finance Director, Planning & Reporting, based in Hong Kong. Prior to joining DFI, he served as Executive Vice President and Chief Financial Officer of Yonghui Superstores Co., and earlier held senior roles at Jardine Matheson, Fosun Group and PwC in London. Kaizhi will join the Group’s Management Committee upon assuming his new role.

OUTLOOK

The Group remains confident in our ability to navigate the evolving trading environment, supported by sharpened business priorities, a strong balance sheet and low-cost operating model. Financial outlook outlined at the Investor Day in December 2025 remains intact as DFI continues to execute our multi-year strategic initiatives that are critical to driving sustainable revenue and earnings growth. These initiatives include strengthening our value proposition, strategically expanding store network, enhancing omnichannel capabilities and accelerating digital asset monetisation through data-driven insights. In particular, the growing DFI Omni Platform will deepen our customer engagement, further reinforce our core retail strength and enhance overall earnings resilience in the long term.

Despite an elevated oil price outlook for the remainder of the year, the Group expects to deliver stronger profitability supported by enhanced operational efficiency. As a result, the Group revises up its full-year organic revenue growth11 outlook to be between 3.0% and 4.0% (up from previously 2.0% to 3.0%), and underlying profit attributable to shareholders to be between US$285 million and US$305 million (up from previously US$270 million and US$300 million).

Scott Price
Group Chief Executive

—————–
1 Excluding impacts of divestment of Singapore Food business, closure of Mannings China and disposal of minority stake of Robinsons Retail
2 Excluding impacts of divestment of Singapore Food business and closure of Mannings China
3 Excluding Singapore Food and Mannings China
4 Excluding impacts of divestment of Singapore Food business and closure of Mannings China
5 Based on a third-party assured price comparison of a 200-item comparable basket between DFI and Shenzhen
6 Excluding impacts of divestment of Singapore Food business and closure of Mannings China
7 Excluding impacts of divestment of Singapore Food business, closure of Mannings China and disposal of minority stake of Robinsons Retail
8 Excluding cigarettes under Convenience and IKEA Food
9 Excluding Mannings China
10 Excluding Singapore Food business
11 Excluding Singapore Food and Mannings China
Hashtag: #DFIRetailGroup #Mannings #Guardian #7-Eleven #Wellcome #MarketPlace #IKEA #yuu #Maxim’s

The issuer is solely responsible for the content of this announcement.

DFI Retail Group

DFI Retail Group (the Group) is a leading Asian retailer, driven by its purpose to ‘Sustainably Serve Asia for Generations with Everyday Moments’.

At 30 June 2026, the Group and its associates operated 7,659 outlets across 12 markets, of which 5,593 stores were operated by subsidiaries. The Group, together with its associates, employed over 81,000 people, with more than 43,000 people employed by subsidiaries. The Group had reported revenue of US$8.9 billion in 2025.

The Group is committed to delivering quality, value and service to consumers across the region through trusted brands, strong local market positions, and a broad retail ecosystem supported by extensive store networks, digital capabilities and efficient supply chains.

The Group and its associates operate a portfolio of well-known brands across five key divisions. The principal brands are:

Health and Beauty

  • Mannings in Hong Kong and Macau S.A.R.; Guardian in Brunei, Indonesia, Malaysia, Singapore and Vietnam.

Convenience

  • 7-Eleven in Hong Kong and Macau S.A.R., Singapore and Southern China.

Food

  • Wellcome and Market Place in Hong Kong S.A.R.; San Miu in Macau S.A.R.; Lucky in Cambodia.

Home Furnishings

  • IKEA in Hong Kong and Macau S.A.R., Indonesia and Taiwan.

Restaurants

  • Hong Kong Maxim’s group on the Chinese mainland, Hong Kong and Macau S.A.R., Cambodia, Laos, Malaysia, Singapore, Thailand and Vietnam.

The Group’s parent company, DFI Retail Group Holdings Limited, is incorporated in Bermuda and has a primary listing in the equity shares (transition) category of the London Stock Exchange, with secondary listings in Bermuda and Singapore. The Group’s businesses are managed from Hong Kong. DFI Retail Group is a member of the Jardine Matheson group.

Nigeria’s First SEC-Licensed Exchange, Quidax, Expands Stablecoin Infrastructure to Over 21 Countries

The Expansion Unlocks a Compliant Engine for Businesses and Fintechs to Move Value Across Africa and Beyond

LAGOS, Nigeria, July 28, 2026 /PRNewswire/ — Quidax, the first digital assets exchange to receive a provisional licence from Nigeria’s Securities and Exchange Commission (SEC), today announced the expansion of its stablecoin infrastructure to more than 21 countries and 14 currencies, enabling startups, fintechs, and global enterprises to move value seamlessly across Africa and key international markets.

Africa loses an estimated $5 billion annually to cross-border payment fees and inefficiencies. When a business in Accra, Ghana pays a partner in Durban, South Africa through traditional channels, that payment is routed through a correspondent bank in Europe, a journey that can take up to 7 days and costs up to 13% of the transaction value, more than twice the global average of 6%.

Quidax addresses this directly. Its compliant infrastructure settles cross-border payments in under 48 hours with no correspondent bank involved, at a cost below the global average and in line with the G20 and UN Sustainable Development Goal target of 5%.

“Africa is home to the world’s fastest-growing economies, yet individuals and businesses pay an ‘African border levy’ every time they move money across the continent,” said Buchi Okoro, CEO and Co-Founder of Quidax. “Our compliance-first stablecoin infrastructure was created to remove that levy and bring us closer to a world with zero financial borders.”

Nigeria’s first SEC-licensed digital assets exchange, Quidax is one of a select few exchanges operating under direct securities regulation in Africa and is actively expanding its licensing footprint across strategic markets.

The infrastructure supports key African markets including Nigeria, Ghana, Kenya, Tanzania, Rwanda, South Africa, Ethiopia, Cameroon, and Côte d’Ivoire, and extends beyond the continent to Canada, China, the United Arab Emirates, the United Kingdom, the USA, and several European countries. The rails support USDT, XAUT, USAT, and other leading stablecoins, as well as 14 local and international currencies including Naira, Cedi, Central African and West African CFA francs and US Dollar.

Powering more than 5,000 startups and enterprises across payments, remittance, gaming, banking, and more, Quidax counts Tether, the world’s largest stablecoin issuer, and Chainalysis, the global standard in blockchain compliance, among its partners.

About Quidax

Quidax is an African-founded digital assets exchange serving individuals, startups, fintechs, and enterprises. Its unified engine makes sending value within Africa and beyond as easy as sending a text message, powered by an orderbook exchange, an OTC desk, and white-label stablecoin and digital asset APIs, supporting 14+ currencies across 21+ countries. Visit www.quidax.io.

China Literature to Report First Half 2026 Financial Results on August 11, 2026

– Earnings Conference Call to be Held on Tuesday, August 11, 2026
at 8:00 pm (Hong Kong Time) / 8:00 am (U.S. Eastern Time)

HONG KONG, July 28, 2026 /PRNewswire/ — China Literature Limited (“China Literature” or “the Company”, 0772.HK), a leading online literature and intellectual property (“IP”) incubation platform in China, will announce its financial results for the first half of 2026 on Tuesday, August 11, 2026.

China Literature’s management team will host a conference call to present an overview of the Company’s financial performance and business operations. A live webcast of the call can be accessed on the Company’s investor relations website at http://ir.yuewen.com.

Details of the conference call and webcast are as follows:

Time:

8:00 pm (Hong Kong Time) / 8:00 am (U.S. Eastern Time)

Language:

English

Live and archived webcast:

https://ir-api.yuewen.com/calendar/WebcastsCalls/1H2026

For participants who wish to join the conference using dial-in numbers, please register in advance using the link provided below and dial in 10 minutes prior to the call. Your dial-in numbers, passcode and unique access PIN would be provided upon registering.

A replay of the conference call will be available after the conclusion of the event through August 18, 2026.

U.S.:

+1 855 883 1031

Hong Kong:

800 930 639

Singapore:

800 101 3223

International:

+61 7 3107 6325

Replay PIN:

10056118

 

 

1inch launches Aqua to the public, introducing the first shared liquidity layer for DeFi

  • Following its developer launch in November 2025, Aqua now offers a risk-controlled alternative to DeFi’s pool-based model.
  • 1inch unveils a Merkl-powered liquidity incentive program for Aqua, funded with 10 million 1INCH by the 1inch Foundation and 500k USDC from 1inch DAO.
  • Aqua goes live across 13 EVM chains from day one.

ROAD TOWN, British Virgin Islands, July 28, 2026 /PRNewswire/ — 1inch, the leading DeFi ecosystem, announces the full public launch of Aqua, a self-custodial shared liquidity layer that enables liquidity providers to use the same wallet balance across multiple positions without locking assets in liquidity pools.


Following its developer launch in November 2025, Aqua today offers one of the first risk-controlled alternatives to DeFi’s traditional pool-based model, enabling more capital-efficient liquidity provisioning.

1inch Aqua works as a registry: a user connects their wallet to approve a token balance and create liquidity positions that can access that balance. The Aqua protocol tracks that balance, and when it receives a swap order that meets the criteria of the position, it pulls the requested tokens from the wallet and pushes back received tokens and fees in a single atomic transaction. Otherwise, the user’s tokens remain in their wallet and completely under their control.

“The liquidity provisioning space is broken, but you only see how broken once there’s an alternative. Today, that alternative has arrived. With Aqua, liquidity providers no longer have to accept the inefficient pool structure they’ve put up with for years,” said Sergej Kunz, 1inch co-founder. “DeFi doesn’t just need more liquidity. It needs more useful liquidity, active wherever demand appears. We built Aqua so providers get that reach without giving up custody: your tokens stay in your wallet until the moment a swap fills.”

Alongside the product launch, 1inch Network Incentives goes live — a liquidity reward program for Aqua, led by Degensoft Ltd (BVI) and delivered through Merkl. The 1inch Foundation has committed 10 million 1INCH in provider rewards, and a further 500,000 USDC boost from the 1inch DAO. The initiative is designed to accelerate liquidity growth and swap activity across supported pairs. As a result, liquidity providers not only benefit from Aqua’s improved experience but also have the opportunity to earn additional rewards. Program terms, markets and safeguards are set out in the published campaign configuration.

According to 1inch, the current pool based system is a major limiting factor on DeFi’s ability to scale and bring TradFi capital on chain. For liquidity providers, the current model of depositing into pools means handing over custody, while active capital gets spread thin across protocols, pairs and price ranges. The scale of the problem is stark: per on-chain research by Dune commissioned by 1inch, 85% of concentrated liquidity across major DEXs was underutilized in H1 2026, roughly $1.6 billion of the $1.84 billion tracked. That includes about $542 million sitting fully out of range in an average week, resulting in an estimated $150 million in fees foregone per year.

Through Aqua, 1inch is showcasing a more efficient model for shared liquidity, allowing the same wallet balance to back multiple positions simultaneously. Unlike the traditional model, where liquidity must be split across multiple pools and positions, Aqua enables a single balance to support multiple quotes at once. For example, a $100,000 balance can support three positions collectively quoting $300,000 of liquidity, with the potential to quote more. The underlying tokens remain available to every position at all times; nothing is borrowed, and any swap can only execute against the assets actually held in the wallet.

A position on Aqua can be full range, concentrated or pegged, depending on the selected pair and position type. A user can open and close positions themselves, with no lock-up. Their exposure is capped by the tokens they actually hold, not by the theoretical combined size of every position they create. If their wallet cannot cover a swap, Aqua simply does not call on their tokens.

From today, users can create positions across 13 EVM chains, including Ethereum, Arbitrum, Base, Robinhood Chain and BNB Chain. Aqua also launches with a number of additional functionalities, including a liquidity leaderboard, an incentives screen, liquidity map visualizations, batch position creation, provider profiles with cross-chain positions, sub-wallets, and an AI-assisted liquidity provisioning flow via the 1inch Business MCP with safe batch deployment, coming soon.

Aqua has undergone eight independent security audits conducted by OpenZeppelin, Bailsec, Hashlock, Hexens, MixBytes, Nethermind, Theori, and Decurity. Combined with its fully self-custodial design, which never holds user tokens, a swap can only move assets that are actually in the provider’s wallet at the moment it fills. Revocation stops new fills as soon as it confirms on-chain. Aqua is also protected from JIT fee sniping by design, as each position has a single owner, thus there is no shared fee moment bots can capitalize on. While Aqua’s design keeps exposure bounded and providers in control of their own tokens, swap fees are not guaranteed, prices can move against a position (impermanent loss), and providers bear market and smart-contract risk.

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About 1inch

1inch accelerates decentralized finance with a seamless crypto trading experience for 27M users. Beyond being the top platform for low-cost, efficient token swaps with $100M+ in daily trades, 1inch offers a range of innovative tools, including a secure self-custodial wallet, a portfolio tracker for managing digital assets, a dedicated business portal giving access to its cutting-edge technology, and even a debit card for easy crypto spending. By continuously innovating, 1inch is simplifying DeFi for everyone.

Website | 1inch Business | 1inch Network | Follow on X | Explore Blog

Aqua involves risk, including loss of funds. It’s built for experienced users — do your own research. Not financial advice. Incentive rewards are variable, not guaranteed, and subject to the program’s published terms.

Iridium and SKYWAVE™, an ORBCOMM® company, Partner to Advance Global Industrial IoT for Heavy Equipment OEMs

Partnership combines SKYWAVE’s intelligent network orchestration solution with Iridium’s pole-to-pole LEO satellite network to help equipment manufacturers modernize connected operations and extend connectivity worldwide.

MCLEAN, Va., July 28, 2026 /PRNewswire/ — Iridium Communications Inc. (Nasdaq: IRDM), a leading provider of global voice, data, aircraft surveillance, and positioning, navigation, and timing (PNT) satellite services, today announced a strategic partnership with SKYWAVE, a global leader in industrial IoT connectivity, devices and enablement solutions for mission-critical assets, to help heavy equipment manufacturers build and scale more resilient connected equipment services across global operating environments.

Iridium and SKYWAVE, an Orbcomm company
Iridium and SKYWAVE, an Orbcomm company

As heavy equipment manufacturers expand connected services, they face growing pressure to improve equipment uptime, modernize legacy deployments, and deliver a consistent customer experience across fleets operating in remote and often disconnected locations. Many deployments rely on fragmented communications infrastructure that limits asset visibility, delays service response, and constrains the rollout of new digital capabilities.

Together, Iridium and SKYWAVE are addressing these challenges by combining Iridium’s truly global, weather-resilient low Earth orbit (LEO) satellite network and proven Short Burst Data® (SBD®) services with SKYWAVE’s intelligent multi-network management solution and award-winning OGx IoT platform. The integration is underway, with Iridium SBD being embedded directly into SKYWAVE satellite IoT terminals, giving SKYWAVE’s heavy equipment OEM customers the option to access Iridium’s LEO satellite network. The combined solution will give OEMs a flexible platform that seamlessly extends connected services across satellite, cellular, and Wi-Fi networks, helping ensure reliable connectivity wherever equipment operates.

The integrated solution supports a wide range of connected equipment applications for OEMs, including remote monitoring, diagnostics, predictive maintenance, service support, and the modernization of existing connected equipment fleets. The partnership initially focuses on heavy equipment manufacturers, with the underlying architecture designed to support additional industrial verticals where assets operate globally, remotely, or beyond the reach of terrestrial networks.

“For more than two decades, Iridium has provided the only pole-to-pole mobile satellite network, delivering the coverage, resiliency, and reliability that mission-critical operations demand,” said Matt Desch, CEO, Iridium. “We look forward to partnering with SKYWAVE to bring Iridium’s global LEO capabilities to industrial IoT customers operating in even the most demanding environments.”

“This partnership is an important step in SKYWAVE’s mission to become the intelligent networking layer for industrial IoT,” said Sameer Agrawal, Chief Executive Officer of ORBCOMM. “Heavy equipment OEMs are looking for ways to modernize legacy deployments, expand connected service capabilities and deliver reliable digital experiences wherever their equipment operates. By combining Iridium’s global LEO capabilities with SKYWAVE’s platform, we are enabling OEMs to build and scale those capabilities across multiple networks.”

The partnership builds on the long-standing satellite IoT leadership of Iridium and SKYWAVE, bringing Iridium’s global LEO network together with SKYWAVE’s intelligent multi-network platform. Together, the companies are creating a more resilient foundation for the next generation of industrial IoT applications, helping equipment manufacturers extend connected operations wherever their assets are deployed.

For more information about Iridium, visit www.iridium.com 

For more information about SKYWAVE, visit www.skywave.com 

About Iridium Communications Inc.

Iridium Communications Inc. (Nasdaq: IRDM) operates the world’s only truly global mobile satellite network. It serves as a platform for innovation, enabling voice, data, and messaging, positioning, navigation, and timing (PNT), and aircraft surveillance services anywhere on Earth. Through its satellite constellation and integrated capabilities like Aireon, the world’s only space-based air traffic surveillance system, Iridium delivers services that support safety-focused operations across aviation, maritime, government, industrial, and consumer markets. The company is a leader in satellite Internet of Things (IoT) connectivity and is advancing direct-to-device (D2D) communications based on open standards to expand access to satellite services.

Headquartered in McLean, Virginia, Iridium innovates through an ecosystem of more than 500 technology and distribution partners, serving millions of customers worldwide. For more information visit www.iridium.com.

About SKYWAVE, an ORBCOMM company

SKYWAVE, an ORBCOMM company, is a global provider of IoT solution enablement technology. We empower solution providers, system integrators and OEMs to serve their customers through satellite and cellular managed IoT networks and a complete application enablement platform. We provide a fully integrated ecosystem of purpose-built devices, data automation and connectivity services for high-reliability, low-data solutions. SKYWAVE is where IoT powers mission-critical applications for the transportation, agriculture, oil and gas, and maritime industries. For more information, visit www.skywave.com.

Forward-Looking Statements Disclosure

Statements in this press release that are not purely historical facts may constitute forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Iridium (the “company”) has based these statements on its current expectations and the information currently available. Forward-looking statements in this press release include statements regarding the expected capabilities and benefits of combining the Iridium satellite network and SBD services with SKYWAVE’s management solution and platform, the availability of the combined solution, and Iridium’s expected relationship with SKYWAVE. Forward-looking statements can be identified by the words “anticipates,” “may,” “can,” “believes,” “expects,” “projects,” “intends,” “likely,” “will,” “to be” and other expressions that are predictions or indicate future events, trends or prospects. These forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of Iridium to differ materially from any future results, performance or achievements expressed or implied by such forward-looking statements. These risks and uncertainties include, but are not limited to, uncertainties regarding the timing of commercial availability of the combined solution for SKYWAVE’s heavy equipment OEMs, the company’s ability to maintain the health, capacity and content of its satellite constellation, general industry and economic conditions, and competitive, legal, governmental and technological factors. Other factors that could cause actual results to differ materially from those indicated by the forward-looking statements include those factors listed under the caption “Risk Factors” in the company’s Form 10-K for the year ended December 31, 2025, filed with the Securities and Exchange Commission (the “SEC”) on February 12, 2026, and the company’s Form 10-Q for the quarter ended June 30, 2026, filed with the SEC on July 22, 2026, as well as other filings Iridium makes with the SEC from time to time. There is no assurance that Iridium’s expectations will be realized. If one or more of these risks or uncertainties materialize, or if Iridium’s underlying assumptions prove incorrect, actual results may vary materially from those expected, estimated or projected. Iridium’s forward-looking statements speak only as of the date of this press release, and Iridium undertakes no obligation to update or revise any forward-looking statements.

Press Contact:
Jordan Hassin
Iridium Communications Inc.
Jordan.Hassin@Iridium.com
+1 (703) 287-7421
X: @Iridiumcomm

Investor Contact:
Kenneth Levy
Iridium Communications Inc.
Ken.Levy@Iridium.com
+1 (703) 287-7570

800,000 More Daily Journeys: Copenhagen’s Next Mobility Challenge


COPENHAGEN, DENMARK – Media OutReach Newswire – 28 July 2026 – There is something remarkable about Copenhagen.Stand in the city centre during rush hour and you will still hear bicycle bells, conversations spilling out from cafés and children walking to school. It is not because the city has fewer people or less traffic. On the contrary, Copenhagen is one of Northern Europe’s most dynamic capitals. What makes it different is that its mobility system is organised so well that it almost disappears into everyday life.

Green SM can help make thousands of daily journeys more convenient, safer and more reliable

That success has never been built around a single mode of transport. Copenhagen is not simply a cycling city, nor is it defined by its metro or buses. It is an integrated mobility ecosystem where every mode serves a distinct purpose. Bicycles are ideal for short trips. Public transport moves large numbers of people efficiently across the city. Walking remains part of daily life. Taxis fill the journeys that other options do not always serve well, whether it is an early morning airport transfer, an elderly passenger travelling home, a family carrying luggage or visitors arriving in the city for the first time. Rather than competing with one another, each mode strengthens the overall system.

Yet even one of the world’s most successful mobility systems now faces a new challenge.

According to a joint mobility analysis by the Capital Region of Denmark and the City of Copenhagen, the Greater Copenhagen area is expected to generate around 800,000 additional journeys every day by 2035. That growth will be shared across every mode of transport, including approximately 290,000 additional walking trips, 110,000 cycling trips, 80,000 public transport journeys and 310,000 car trips each day.

These figures reveal an important reality. Copenhagen is not expecting people to abandon bicycles for cars, nor is it attempting to replace one mode of transport with another. As the population grows, tourism expands and economic activity increases, demand will rise across the entire mobility system.

The real challenge is therefore not deciding which mode of transport should dominate. It is finding ways to accommodate hundreds of thousands of additional journeys while preserving the quiet streets, public spaces and quality of life that have made Copenhagen one of the world’s most liveable cities.

This philosophy is increasingly reflected in the city’s approach to mobility. Walking, cycling, public transport, cars and taxis are no longer viewed as competing alternatives, but as complementary parts of the same transport ecosystem, each serving different travel needs.

The challenge is not unique to Copenhagen.

According to the European Environment Agency (EEA), road traffic remains Europe’s largest source of environmental noise, affecting around 92 million people. The report concludes that electrification alone will not solve the problem. Cleaner vehicles are essential, but so are better urban planning and a more balanced transport system.

In other words, the future of urban mobility will not be determined by how many electric vehicles a city puts on its streets. It will depend on whether every journey is served by the right mode, at the right time and in the right place.

Even the best transport systems leave certain journeys uncovered.

Not everyone can cycle to the airport before sunrise. Elderly passengers may struggle with luggage on public transport. Visitors arriving in Copenhagen for the first time may not feel confident combining several transport options simply to reach their hotel. These journeys represent only a small proportion of daily travel, but they will always exist. This is where ride-hailing finds its place within the mobility ecosystem. It complements public transport and cycling rather than competing with them.

The quality of that service, however, depends on far more than the vehicle itself.

Ultimately, every journey is shaped by the person behind the wheel. A safe drive, professional conduct, punctuality, a warm greeting or a helping hand with a suitcase all contribute to the passenger’s experience. In a city like Copenhagen, these small moments help shape the city’s reputation just as much as its infrastructure.

This is the context in which Green SM enters Copenhagen.

Over the past three years, Green SM has accumulated experience from millions of journeys every day and billions of kilometres travelled in fully electric vehicles across Asia. Yet in Copenhagen, scale alone means very little. The more important question is whether a mobility service can integrate seamlessly into an already successful transport system and make it work even better.

For that reason, Green SM invests not only in an all-electric fleet, but also in rigorous driver recruitment and training covering safety, customer service, operational excellence and local cultural understanding. The objective is not simply to move passengers from one destination to another, but to deliver journeys that reflect the standards Copenhagen has spent decades building.

Perhaps that is why Copenhagen became Green SM’s first destination in Europe.

The ambition is not to introduce a new model of urban mobility. It is to become a trusted addition to one that already works exceptionally well.

Ultimately, success in Copenhagen will never be measured by the number of vehicles on the road. The city does not need more cars simply to fill its streets. It needs mobility services that are available when people need them, complement the existing transport network and quietly step back once their role is complete, leaving the city every bit as liveable as before.

If Green SM can help make thousands of daily journeys more convenient, safer and more reliable, while preserving the rhythm of life that makes Copenhagen unique, that may be success enough.

Hashtag: #GreenSM

The issuer is solely responsible for the content of this announcement.

Centriq PR Champions Purposeful Communication Through Social Impact Initiative

We.R.Wira Season 4 Equips Youth with Industry Ready Skills Aligned with UN SDGs


SELANGOR, MALAYSIA – Media OutReach Newswire – 28 July 2026 – Centriq PR, independent Malaysian public relations consultancy, marked another milestone in its commitment to purposeful communication as Season 4 of its social impact initiative, We.R.Wira, culminated in the Golden Wira Awards Ceremony at Tan Yew Sing Auditorium, INTI International College Subang.

We.R.Wira Season 4 recorded its strongest participation to date, receiving 41 submissions from four institutions. (Below stage, from left): Director of Strategic Communications, Malaysia Digital Economy Corporation, Mr. Frank Chan, Managing Director, EVD Berhad, Mr. Norhizam Abdul Kadir, Head of Community Outreach & Collaborations, United Nations Association Malaysia, Ms. Loke Pak-Yen, Managing Director, Centriq PR, Ms. Jacqueline Arnold, Head of Programme, Mass Communications, Centre for University of Hertfordshire Programmes, INTI International College Subang, Mr. Roberto Calleja Fernandez, Dean, Centre of University of Hertfordshire Programmes, INTI International College Subang, Mr. Lai Mun Loon.
We.R.Wira Season 4 recorded its strongest participation to date, receiving 41 submissions from four institutions. (Below stage, from left): Director of Strategic Communications, Malaysia Digital Economy Corporation, Mr. Frank Chan, Managing Director, EVD Berhad, Mr. Norhizam Abdul Kadir, Head of Community Outreach & Collaborations, United Nations Association Malaysia, Ms. Loke Pak-Yen, Managing Director, Centriq PR, Ms. Jacqueline Arnold, Head of Programme, Mass Communications, Centre for University of Hertfordshire Programmes, INTI International College Subang, Mr. Roberto Calleja Fernandez, Dean, Centre of University of Hertfordshire Programmes, INTI International College Subang, Mr. Lai Mun Loon.

At its core, We.R.Wira reflects Centriq PR’s belief that heroism lives in ordinary individuals—the everyday heroes (“Wira” ) who choose to act with passion and purpose for causes they believe in. By empowering youth to uncover and tell these stories, Centriq PR aims to nurture purposeful storytellers and future changemakers.

Equipping Youth with Industry‑Ready Skills
As the communication industry evolves, Centriq PR recognises that practitioners need more than creativity. They must develop a deeper understanding of the United Nations’ 17 Sustainable Development Goals (UN SDGs), communicate their relevance to different audiences and connect with collaborators across sectors. We.R.Wira equips students with these industry‑relevant skills by combining real‑world storytelling, SDG alignment and academia‑industry partnerships.

In her opening remarks, Managing Director of Centriq PR, Jacqueline Arnold, shared, “At Centriq PR, we believe storytelling has the power to educate, inspire and bring people together. Storytelling is more than creative expression; it is practice for life. Beyond learning to craft authentic narratives, students gain the ability to identify stakeholders with shared values, build meaningful collaborations and amplify stories across multiple platforms to inspire real impact. This is what PR is all about. Through We.R.Wira, we encourage young communicators to listen with empathy and give voice to everyday heroes who create positive change in their communities.”

Season 4 recorded its strongest participation to date, receiving 41 submissions from four institutions: UOW Malaysia Glenmarie, UTAR Kampar, UiTM Shah Alam, and newcomer INTI International College Subang, which proudly hosted the ceremony. Collectively, participants explored 12 of the 17 UN SDGs, with SDG 11 (Sustainable Cities and Communities), SDG 15 (Life on Land), and SDG 10 (Reduced Inequalities) most represented.

Building Skills Through Workshops and Resources
Centriq PR also led a workshop at INTI International College Subang, supported by a video series and workshop deck, to introduce strategic communications, SDG alignment and ESG‑focused narratives. These resources gave students practical skills to connect their stories to sustainability goals and prepare to collaborate with stakeholders as future communicators.

Celebrating Storytelling as a Catalyst for Change
Entries were evaluated by a panel comprising Loke Pak‑Yen (United Nations Association Malaysia), Frank Chan (MDEC), Norhizam Abdul Kadir (EVD Berhad), and Arnold.

The event brought together students, educators and industry leaders to celebrate storytelling as a catalyst for positive change, demonstrating how strategic communications can help advance the UN SDGs.

Academic Dean of INTI International College Subang, Mr. Eric Lee, noted, “This semester, INTI International College Subang aligned its Mass Communication module assessments with the We.R.Wira campaign, encouraging students to submit their coursework to the national competition.”

Honouring Champions and Outstanding Stories
For its compelling storytelling and lasting community impact, the submission titled Anak Pulau: Below the Surface by UiTM Shah Alam emerged champion. Another submission by UiTM Shah Alam, Where Heart Meets: The Story of Tender Hearts Cafe secured the first runner‑up spot, while Beyond the Sirens by UOW Glenmarie took second runner‑up position.

For demonstrating exceptional merit and strong performance, four Honourable Mentions were presented to Colouring Lives (UOW Glenmarie) and Keep Wildlife Wild: Animal Neighbours Project, Sixteen Pillars, One Heritage, and Invisible Citizens: The Fight For A Name, all submitted by UiTM Shah Alam.

In the new Outstanding SDG Alignment category, the submissions titled Invisible Citizens: The Fight For a Name (SDG 10: Reduced Inequalities) and The Lost Food Project: More Than Leftovers (SDG 12: Responsible Consumption and Production; SDG 2: Zero Hunger), UiTM Shah Alam emerged as winners for their powerful alignment with selected SDGs and ability to inspire awareness and action.

Looking Ahead to Season 5
Through We.R.Wira, Centriq PR is cultivating the next generation of communicators by equipping students with practical experience in strategic storytelling, SDG alignment, stakeholder engagement, and industry collaboration—skills essential in today’s PR profession.

Season 4 leaves a resounding message: Change begins when those who care enough, dare to act. Looking ahead, We.R.Wira will return for Season 5, reaffirming Centriq PR’s long‑term commitment to nurturing future communicators through meaningful storytelling, collaboration and social impact initiatives.

Hashtag: #WeRWira #WeRWiraS4 #SocialImpact #SDG #BeTheChange #SustainableDevelopmentGoals





The issuer is solely responsible for the content of this announcement.

About Centriq PR

Centriq PR is a Malaysian independent public relations consultancy, recognised for its expertise in strategic content development, corporate communications, media relations, reputation management, ESG communications, and crisis response.

The consultancy focuses on human intelligence, ethical guidance, and trust-building to provide strategic communications counsel, partnering with organisations across industries to build trust, strengthen stakeholder relationships, and deliver measurable outcomes.

Beyond client work, Centriq PR champions communications as a force for social impact. Its flagship youth initiative, We.R.Wira, equips students with practical storytelling skills and amplifies inspiring stories aligned with the United Nations Sustainable Development Goals (UN SDGs), showing how communication can drive lasting positive change.

ECARX to Report Second Quarter 2026 Financial Results on August 11, 2026

LONDON, July 28, 2026 /PRNewswire/ — ECARX Holdings Inc. (Nasdaq: ECX) (“ECARX” or the “Company”), a leading global automotive intelligence company, today announced it will host a conference call and live webcast on Tuesday, August 11, 2026, at 8:00 a.m. E.T to report its financial results and business highlights for the second quarter ended June 30, 2026.

To join the live conference call, please register at https://register-conf.media-server.com/register/BIe8abcb76ec1e4761a1002346ff30cd05 to receive the conference call details as well as international access numbers.

Please join at least 15 minutes in advance to ensure a timely connection to the call and webcast.

The live audio webcast will be accessible on the investor relations section of the Company’s website (ir.ecarxgroup.com) where a replay will also be available approximately two hours after the event.

About ECARX

ECARX (Nasdaq: ECX), headquartered in London, is a leading global automotive intelligence company. ECARX provides the intelligent brain that powers the next generation of software-defined and AI defined vehicles. The company delivers end-to-end, full-stack solutions spanning advanced system-on-chip hardware, high-performance central computing platforms, intelligent cockpit technology, Advanced Driver Assistance Systems, cloud connectivity and physical AI, alongside bespoke vehicle software and intelligent operating systems.

As automakers transition to software-first and AI-first vehicle architectures, ECARX empowers automakers to streamline integration, reduce systemic complexity and optimize long-term cost efficiency. ECARX’s proven technology is deployed across over 11 million vehicles worldwide, and is currently partnered with 18 global automakers and 28 vehicle brands to shape the future of automotive intelligence.

Founded in 2017 and listed on Nasdaq in 2022, ECARX operates from 13 major international locations across Europe, the Americas and Asia, with a global team of over 1,400 employees.

Forward-Looking Statements

This release contains statements that are forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. These statements are based on management’s beliefs and expectations as well as on assumptions made by and data currently available to management, appear in a number of places throughout this document and include statements regarding, amongst other things, results of operations, financial condition, liquidity, prospects, growth, strategies and the industry in which we operate. The use of words “expects”, “intends”, “anticipates”, “estimates”, “predicts”, “believes”, “should”, “potential”, “may”, “preliminary”, “forecast”, “objective”, “plan”, or “target”, and other similar expressions are intended to identify forward-looking statements. These forward-looking statements are not guarantees of future performance and are subject to a number of risks and uncertainties that could cause actual results to differ materially, including, but not limited to statements regarding our intentions, beliefs or current expectations concerning, among other things, results of operations, financial condition, liquidity, prospects, growth, strategies, future market conditions or economic performance and developments in the capital and credit markets and expected future financial performance, and the markets in which we operate.

For a discussion of these and other risks and uncertainties that could cause actual results to differ materially from those expressed in any forward-looking statement, see ECARX’s filings with the U.S. Securities and Exchange Commission. ECARX undertakes no obligation to update or revise forward-looking statements to reflect subsequent events or circumstances, except as required by applicable law.