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Kelun-Biotech’s Core product Trastuzumab Botidotin Approved for Marketing by NMPA for HER2-positive BC

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CHENGDU, China, Oct. 17, 2025 /PRNewswire/ — Sichuan Kelun-Biotech Biopharmaceutical Co., Ltd. (the “Company”) announced that the Company’s human epidermal growth factor receptor 2 (HER2)-directed antibody-drug conjugate (ADC) trastuzumab botidotin (also known as A166)  was approved for marketing by the National Medical Products Administration (NMPA) for the treatment of adult patients with unresectable or metastatic HER2-positive breast cancer (BC) who have received one or more prior anti-HER2 therapy.

The approval is based on a multi-center, randomized, open-label, controlled, Phase 3 KL166-III-06 study that evaluates the efficacy and safety profile of trastuzumab botidotin versus T-DM1 in patients with HER2-positive unresectable or metastatic BC who have received prior trastuzumab and taxane-containing regimens. At a pre-specified interim analysis, trastuzumab botidotin monotherapy demonstrated a statistically significant and clinically meaningful improvement in the primary endpoint of progression-free survival (PFS) as assessed by the blinded independent central review (BICR) compared with T-DM1; the beneficial trend for overall survival (OS) of trastuzumab botidotin was also observed. Results from this study will be presented as an oral report at the 2025 European Society for Medical Oncology (ESMO) Congress held in Berlin, Germany (Presentation # LBA24, Proffered paper session 1: Breast cancer, metastatic).

The Company has initiated an open, multi-center Phase 2 clinical study of trastuzumab botidotin in the treatment of HER2+ unresectable or metastatic BC that previously received a topoisomerase inhibitor ADC.

Dr. Michael Ge, CEO of Kelun-Biotech said, “We are thrilled to see our first HER2 ADC drug, trastuzumab botidotin, successfully approved for market. This marks a significant advancement in the treatment of HER2-positive breast cancer. As China’s first domestically developed HER2 ADC capable of broadly covering 2L+ HER2 BC patients, trastuzumab botidotin leverages its differentiated structural design to deliver superior efficacy while addressing unmet clinical needs in this population.”

About HER2+ BC

Breast cancer, as the most common malignant tumor, poses a serious threat to women’s health. Among its subtypes, HER2-positive breast cancer accounts for approximately 15%–20% of all breast cancer cases[1], and is characterized by its aggressiveness and high malignancy. According to the 2025 CSCO guidelines, first-line treatment for HER2-positive breast cancer primarily consists of trastuzumab and pertuzumab in combination with taxane-based chemotherapeutic agents. Second-line treatment regimens comprise tyrosine kinase inhibitors (TKIs, such as pyrotinib) and antibody-drug conjugates (ADCs, such as T-DM1 and T-DXd). Following disease progression on second-line therapy, subsequent treatment strategies are determined based on prior second-line regimens, the patient’s tolerance to therapy, tumor burden, and other relevant factors. Despite recent advances in anti-HER2 therapeutics, a significant number of patients still experience drug resistance or severe adverse effects, highlighting an urgent need for agents with improved safety profiles to address the treatment requirements of patients with recurrent or drug-resistant HER2-positive breast cancer.

About trastuzumab botidotin

Trastuzumab botidotin is a differentiated HER2 ADC to treat advanced HER2+ solid tumors. As an innovative HER2 ADC developed by the Company, it conjugates a novel, monomethyl auristatin F (MMAF) derivative (a highly cytotoxic tubulin inhibitor, Duo-5) via a stable, enzyme-cleavable linker to a HER2 monoclonal antibody with a drug-to-antibody-ratio (DAR) of 2. Trastuzumab botidotin specifically binds to HER2 on the surface of tumor cells and is internalized by tumor cells, releasing the toxin molecule Duo-5 inside the cell. Duo-5 induces tumor cell cycle arrest in the G2/M phase, leading to tumor cell apoptosis. After targeting HER2, trastuzumab botidotin can also inhibit the HER2 signaling pathway; it has antibody-dependent cell-mediated cytotoxicity (ADCC) activity.

About Kelun-Biotech

Kelun-Biotech (6990.HK) is a holding subsidiary of Kelun Pharmaceutical (002422.SZ), which focuses on the R&D, manufacturing, commercialization and global collaboration of innovative biological drugs and small molecule drugs. The company focuses on major disease areas such as solid tumors, autoimmune, inflammatory, and metabolic diseases, and in establishing a globalized drug development and industrialization platform to address the unmet medical needs in China and the rest of world. The Company is committed to becoming a leading global enterprise in the field of innovative drugs. At present, the Company has more than 30 ongoing key innovative drug projects, of which 4 projects have been approved for marketing, and more than 10 projects are in the clinical stage. The company has established one of the world’s leading proprietary ADC and novel DC platforms, OptiDC™, and has 2 ADC projects approved for marketing, and multiple ADC and novel DC assets in clinical or preclinical research stage. For more information, please visit https://kelun-biotech.com/

Reference:

[1]. CRONIN K A, HARLAN L C, DODD K W, et al. Population-based estimate of the prevalence of HER2-positive breast cancer tumors for early stage patients in the US [J]. Cancer Invest,2010, 28(9): 963-968. DOI: 10.3109/07357907.2010.496759.

 

Bybit x Block Scholes Quarterly Report: Rise of Perp DEXs — and How to Catch the Opportunity

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DUBAI, UAE, Oct. 17, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has released its latest Bybit x Block Scholes Crypto Derivatives Analytics Report.

Key Highlights:

  • Perp DEXs surge in adoption: Decentralized perpetual exchanges (perp DEXs) have seen explosive growth since late 2024, reshaping the trading landscape with speed, accessibility, and on-chain transparency.
  • Hyperliquid dominates: Hyperliquid captured 58% of trading volume across the top eight perp DEXs in 2025, with daily fee generation consistently outpacing Uniswap since May. The exchange has contributed up to 60% of total fees across major blockchains.
  • Why traders are migrating: Traders are shifting from centralized exchanges (CEXs) and spot DEXs to perp DEXs due to frictionless onboarding, self-custody, faster token listings, competitive fee structures, and leverage up to 100x.
  • HYPE token performance: Hyperliquid’s native token, HYPE, has surged more than six-fold since April 2025, supported by a 97% revenue buyback program. However, a major token unlock beginning November 29, 2025, could dilute this momentum unless buybacks scale further.

Perp DEXs are increasingly viewed as the next frontier in crypto trading, offering a blend of speed, security, and transparency that rivals traditional centralized platforms. With traders prioritizing autonomy and efficient market access, the shift toward decentralized perpetual trading has accelerated throughout 2025.

The report underscores how Hyperliquid’s innovative tokenomics, user-friendly design, and liquidity incentives have positioned it as a frontrunner in this sector. However, with challenges such as liquidity fragmentation and upcoming token unlocks, the market remains dynamic, presenting both opportunities and risks for traders and investors alike.

The full analysis is available in the Bybit x Block Scholes Crypto Derivatives Analytics Report.

#Bybit / #CryptoArk /#BybitResearch / #BybitLearn

About Bybit

Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 70 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.

For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: media@bybit.com
For updates, please follow: Bybit’s Communities and Social Media

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Patented Innovation Empowers Home Creators Delivering Professional Customization with Simplified Operation and Friendly Pricing

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NEW YORK, Oct. 17, 2025 /PRNewswire/ — VEVOR, a leading home improvement brand empowering home creators worldwide, announced the launch of its Hybrid Heat Press, a patented heat transfer machine designed to make professional-grade customization accessible to young creators, DIY enthusiasts, and small business owners. Combining simplified operation with competitive pricing, the Hybrid Heat Press delivers professional results without the complexity or cost of traditional equipment.

Three Steps to “Set It and Forget It” Experience: Simplified Professional Pressing

The Hybrid Heat Press features a 3-step operation designed to create a “set it and forget it” workflow. This approach addresses a common pain point in heat pressing: the physical effort and constant attention required throughout the pressing process.

Picture a young designer working on custom streetwear in studio. With the Hybrid Heat Press, the process is intuitive:Step one—pull out the smooth-gliding press board. Step two—place the design and fabric, then push to position. Step three—one pull of the handle activates 170kg of consistent pressure. Once these three steps are complete, the machine takes over. The user can walk away to prep their next project while the press works – a true “set it and forget it” experience.

Bridging Manual and Automatic: Performance Meets Friendly Price

The Hybrid Heat Press is available in two press sizes: 15″x15″ and 12″x15″. It can be easily stored in a closet when not in use or displayed on a desk without dominating the room. The multi-functionality options include 5-in-1 and 8-in-1 configurations, allowing users to customize not only T-shirts but also caps, mugs, plates, and other items with a single machine.

Temperature control ranges from 150-240℃ with a digital display, giving users precise command over diverse materials—from cotton tees to technical fabrics like polyester blends and performance wear. This range means a creator can press a vintage-style design onto a soft cotton sweatshirt in the morning, then switch to sublimation on a synthetic sports jersey in the afternoon, all under the same machine.

The maximum opening height of 50mm addresses a limitation that often frustrates creators using entry-level presses: the inability to work with thicker items. The Hybrid Heat Press accommodates hoodies, layered garments, and even household textiles like blankets and tote bags. For a small business owner, this translates to more diverse product offerings. The message is clear: don’t let your tools limit your creativity.

Safety features include a full pull-out design that keeps users’ hands away from the heat plate, preventing burns during operation. The 15-minute auto shut-off function protects against fire hazards if users forget to turn off the machine. The Hybrid Heat Press works with various materials including PUFF HTV, DTF transfers, sublimation, and other heat transfer mediums, providing versatility for different creative projects.

The robust frame structure features dual-column support that ensures the press maintains its 170kg pressure capacity without bending or deforming, even with extended use. This consistent pressure delivery is what separates the Hybrid Press from manual swing-away models, where pressure consistency depends entirely on user strength and technique.

For years, creators faced an uncomfortable choice—struggle with unreliable manual equipment that demands constant physical effort and produces inconsistent work, or invest $400+ in an automatic press that may exceed their budget. VEVOR’s patented design removes this trade-off centered on its patented design, covering both its core features and its unique external appearance. Users get the reliability and hands-free convenience they need—consistent pressure, automated operation, the ability to walk away—without the budget barrier.

Meeting the Moment: Responding to Market Trends

The Hybrid Heat Press launch comes at a pivotal moment for home creativity. From young creators designing custom streetwear to families making matching themed apparel for backyard gatherings, the demand for accessible customization tools continues to grow. Small business owners are building online shops around personalized merchandise, while DIY enthusiasts craft meaningful one-of-a-kind gifts that can’t be found in stores.

“We’re seeing a rise in DIY culture and demand for affordable creative tools, especially among younger generations,” said Gavin, Brand Director. “The customization market is thriving, but many creators have been priced out of quality equipment or intimidated by complex machinery. We developed the Hybrid Heat Press to remove those barriers.”

VEVOR’s brand positioning centers on “Upgrade your stories—the home creator way to unleash your personality.” This ethos explains the company’s focus on younger generations, who actively seek authentic channels for self-expression. Whether through street art, custom fashion, or personalized home décor, young creators want tools that help them tell their unique stories without creative or financial constraints. The Hybrid Heat Press embodies this vision—providing an accessible, high-performance avenue for turning ideas into tangible expressions of identity.

This product also exemplifies VEVOR’s broader mission of democratizing premium home ecosystems through vertical integration and accessible pricing. Since 2007, VEVOR has been dismantling price barriers in home improvement, enabling customers to transform their spaces without compromise. This reflects VEVOR’s commitment to supporting the “Home Creator” community—those who actively reshape their living spaces to express their inner pursuits and find joy in turning visions into reality with their own hands.

The VEVOR Hybrid Heat Press is available now through vevor.com, Amazon and a few other authorized channels, with pricing starting at $189.9 for the 12″x15″ 5-in-1 model and $239.9 for the 15″x15″ 8-in-1 model.

About VEVOR

VEVOR is a global home improvement brand that empowers home creators, who actively reshape living spaces to express their inner pursuits, finding joy in turning visions into reality with their own hands to upgrade spaces with pro-level gear at fair prices. From backyard makeovers to apartment innovations, VEVOR delivers uncompromised quality through vertical integration—combining precision engineering with the joy of making.

Founded in 2007 as an eBay seller, VEVOR began selling on Amazon in 2013 and launched vevor.com in 2020. The brand unveiled its refreshed identity in 2025. Today, VEVOR operates in over 50 countries, with a network of 200+ global warehouses and a catalog of over 40,000 products spanning tools, outdoor equipment, and home improvement solutions.

The brand’s promise is built on four pillars: professional-grade performance, unexpected value, complete home ecosystem coverage, and uncompromising quality. This commitment is reflected in its 90% customer satisfaction rate, supported by 24/7 assistance and a 30-day hassle-free return policy.

For more information, visit vevor.com or search “vevor” on Amazon.

Media Contact: VEVOR Communications Team media@vevor.com 

Manar Abu Dhabi Reveals Artist Line-Up for Second Edition

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ABU DHABI, UAE, Oct. 17, 2025 /PRNewswire/ — Organised by the Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi), Manar Abu Dhabi is a public light art exhibition that aims to foster creativity while celebrating the emirate’s diverse landscapes. For its second edition, Manar Abu Dhabi will bring together 15 Emirati and international artists and artist collectives from 10 countries, featuring 23 works spanning site-specific light sculptures, projections, and immersive installations.

 

Iregular, CONTROL NO CONTROL, 2012. Photo courtesy of Iregular
Iregular, CONTROL NO CONTROL, 2012. Photo courtesy of Iregular

 

‘The Light Compass” presents contemporary artworks that explore light as both guide and medium in bridging its navigational and poetic dimensions. Curated by Khai Hori, Artistic Director, and co-curated by Alia Zaal Lootah (Curator), Munira Al Sayegh (Curator), and Mariam Alshehhi (Assistant Curator), Manar Abu Dhabi 2025 will take place across four key locations: Jubail Island, Souq Al Mina, and for the first time, Al Ain, with dedicated trails across Al Qattara and Al Jimi Oases.

Manar Abu Dhabi 2025 will run from 1 November 2025 to 4 January 2026 in Al Ain and from 15 November 2025 to 4 January 2026 in Abu Dhabi.

Jubail Island

Jubail Island will be the anchor location for Manar Abu Dhabi 2025. Celebrated for its natural landscape and unique biodiversity, visitors can wander along the sprawling boardwalks that meander through the mangroves and engage with 15 installations Highlights include:

  • EDEN (2025), a large-scale outdoor installation by Malaysian artist Pamela Poh (b.1991, Kuala Lumpur, Malaysia) featuring steel structures and suspended glass spheres illuminated at night
  • Inside a dome-like structure, UNFOLD (2025) by multidisciplinary studio DRIFT (est. 2007, the Netherlands) transforms visitors’ biometric data into unique, ephemeral flowers and soundscapes, while WHISPERS (2025) features a sea of delicate dancing lights that respond to the subtlest currents of air and movement. Alongside a captivating drone performance WIND OF CHANGE (2025)
  • Emirati sculptor Shaikha Al Mazrou’s (b. 1988, Sharjah. Lives and works in Dubai) CONTINGENT OBJECT (2025), a striking 30-metre circular land art installation that transforms over time as water crystallises into a salt disc
  • Montreal-based digital art studio Iregular (est. 2010. Based in Montreal, Canada) will activate the Island with four interactive installations; AS WATER FALLS (2022), FACES (2022), CONTROL NO CONTROL (2012), FORTUNES (2024) that utilise artificial intelligence, sensors and data visualisation

Other artists featured on Jubail Island include Ezequiel Pini (a.k.a. Six N. Five) (b.1985, Buenos Aires. Lives and works in Barcelona, Spain); Christian Brinkmann (b.1989. Lives and works in Hamburg, Germany); Kirsten Berg (b.1969, Berkeley, California, USA); Encor Studio (Est. 2016, Switzerland); and Lachlan Turczan (b.1993, Los Angeles, USA);

For its debut in Al Ain, Manar Abu Dhabi will transform Al Qattara and Al Jimi Oases with dedicated trails of light-based installations

Al Qattara Oasis Trail presents three artworks, with each installation responding to the oasis’ landscape and heritage:

  • Returning to Manar Abu Dhabi, Rafael Lozano-Hemmer (b. 1971, Mexico City. Lives and works between Montreal and Quebec, Canada) will present two works: TRANSLATION STREAM (2023), which presents poems by contemporary Emirati poets Nujoom Alghanem, Khalid Albudoor, and Adel Khozam as a slow stream of letters. Alongside PULSE CANOPY (2025), a hovering canopy of light that responds to the visitor’s heartbeat, upon placing their hand beneath a sensor
  • Stretching over 70 meters within a historic building, Emirati designer Khalid Shafar (b. 1980, Dubai, UAE) presents SADU RED CARPET (2025), reinterpreting Sadu, a traditional weaving technique within the United Arabi Emirates, and inscribed on the UNESCO List of Intangible Cultural Heritage

Al Jimi Oasis Trail

Boasting a dense canopy of palm trees, the Jimi Oasis Trail invites visitors to continue their journey through the oasis and encounter five artworks: 

  • Installed within the courtyard of a historic house, CYCLE OF CIRCLES (2025) by multidisciplinary Emirati artist Ammar Al Attar (b. 1981, Ajman, UAE) is a photographic series of five self-portraits captured while the artist rode a bicycle in a circular path.
  • Emirati artist Maitha Hamdan (b.1989, Abu Dhabi, UAE) presents BREATH OF THE SAME PLACE (2025) two light-based installations inspired by the Oasis environment.
  • Dubai-based Emirati architect Abdulla Al Mulla (b.1990, UAE) presents GUIDING DRAPES (2025), an architectural installation inspired by the luminous decorations that adorn Emirati brides’ houses before and after the wedding.
  • FLORAL RESONANCE (2024), an interactive audiovisual installation by Christian Brinkmann (b.1989, Hamburg, Germany), where visitors’ interactions with a living plant, placed at the centre of the installation, generate a multi-sensory experience, both physical and digital

Souq Al Mina

Set against the city skyline of Mina Zayed (Zayed Port), KAWS (b. 1974, Jersey City, USA) with long-time partner AllRightsReserved presents KAWS: HOLIDAY Abu Dhabi, featuring an illuminated COMPANION, the artist’s signature character, reclining on its back and lifting a lit moon in its hands.

About Manar Abu Dhabi

Organised by the Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi), Manar Abu Dhabi is a public light art exhibition that aims to foster creativity and celebrate the emirate’s landscapes.

About the Department of Culture and Tourism – Abu Dhabi

The Department of Culture and Tourism – Abu Dhabi (DCT Abu Dhabi) drives the sustainable growth of Abu Dhabi’s culture and tourism sectors and its creative industries, fuelling economic progress and helping to achieve Abu Dhabi’s wider global ambitions.

By working in partnership with the organisations that define the emirate’s position as a leading international destination, DCT Abu Dhabi strives to unite the ecosystem around a shared vision of the emirate’s potential, coordinate effort and investment, deliver innovative solutions, and use the best tools, policies and systems to support the culture and tourism.

DCT Abu Dhabi’s vision is defined by the emirate’s people, heritage and landscape. We work to enhance Abu Dhabi’s status as a place of authenticity, innovation, and unparalleled experiences, represented by its living traditions of hospitality, pioneering initiatives and creative thought.

For more information about the Department of Culture and Tourism – Abu Dhabi and the destination, please visit: dct.gov.ae and abudhabiculture.ae 

 

Huawei Unveils Upgraded AI WAN Solution with AI-Centric Architecture to Boost Carrier Growth

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PARIS, Oct. 17, 2025 /PRNewswire/ — Themed “Thrive with Net5.5G for All Intelligence,” the Net5.5G Intelligent IP Network Summit was held during UBBF 2025 in Paris on October 14. Huawei introduced its fully upgraded AI WAN Solution featuring an AI-Centric architecture. By redefining experience awareness, computing-network limits, security resilience, and the O&M model, the solution drives new growth for carriers.

Leon Wang, President of Huawei's Data Communication Product Line, delivering a speech
Leon Wang, President of Huawei’s Data Communication Product Line, delivering a speech

Leon Wang, President of Huawei’s Data Communication Product Line, delivered a speech entitled “AI-Centric Xinghe Intelligent Network: Boosting New Growth for Carriers.” He stated that Huawei’s AI WAN Solution has undergone a comprehensive AI-Centric upgrade. Through a three-layer architecture—comprising AI-Centric devices, AI-Centric connections, and an AI-Centric brain—the solution redefines IP bearer networks in the Net5.5G era, accelerating carriers’ transition toward the Net5.5G R2 AI UBB phase.

To address stagnant home broadband growth and severe package homogenization, Huawei’s AI WAN Solution incorporates Xingluo identification and profiling engines, enabling application-level monetization. It helps carriers design differentiated service packages and uses multi-dimensional profiling to raise potential customer identification accuracy to above 90%.

To meet surging enterprise demand for AI computing, Huawei’s AI WAN Solution helped China Telecom Shanghai launch intelligent computing private lines, resolving performance bottlenecks in traditional networks. Its Xingluo lossless algorithm ensures precise flow-level congestion control and, with the vector conversion engine, safeguards data. Supporting edge-cloud collaborative training, the solution is projected to raise carriers’ ARPU tenfold and deliver ROI within just two years.

To counter increasingly complex network attacks, Huawei’s AI WAN Solution strengthens security resilience across device, network, and configuration layers. It supports session-level fault isolation and quantum-resistant encryption. Online configuration simulation verifies tens of thousands of devices within 10 minutes, eliminating human error. This multi-dimensional security framework protects customer services with reinforced resilience.

As networks continue to scale, traditional O&M models face immense pressure. Huawei’s NetMaster system provides 24/7 network protection, enabling a shift from passive response to proactive O&M. In fault handling, China Mobile Guangdong cut diagnosis time from 45 to 5 minutes using a 300,000-case knowledge base. For risk identification, MasOrange Spain deployed an L4 IP autonomous driving network powered by Huawei’s AI WAN Solution, reducing mean time to repair while lowering costs and improving efficiency.

The summit concluded with the Net5.5G Pioneer Award Ceremony, honoring winners from over 10 global carriers and accelerating global commercial rollout of Net5.5G.

Autoliv: Financial Report July – September 2025

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STOCKHOLM, Oct. 17, 2025 /PRNewswire/ — 

Q3 2025: Record 3rd quarter sales, operating income and EPS

Financial highlights Q3 2025
$2,706 million net sales
5.9% net sales increase
3.9% organic sales growth*
9.9% operating margin
10.0% adjusted operating margin*
$2.28 diluted EPS, 31% increase
$2.32 adjusted diluted EPS*, 26% increase

Full year 2025 guidance
Around 3% organic sales growth
Around 1% FX effect on net sales
Around 10-10.5% adjusted operating margin
Around $1.2 billion operating cash flow

All change figures in this release compare to the same period of the previous year except when stated otherwise

Key business developments in the third quarter of 2025

  • Net sales increased organically* by 3.9%, which was 0.7pp lower than the global LVP increase of 4.6% (S&P Global Oct 2025). Regional and customer LVP mix is estimated to have negatively impacted sales by about 1pp, while tariff compensations added around 0.5pp. We outperformed in Asia ex. China and Americas and underperformed in China and Europe. Our organic sales growth* in China to Chinese OEMs was about 8pp higher than COEM LVP growth. We expect that our record number of new launches will continue to support our sales performance in China in the fourth quarter.
  • Profitability improved significantly, mainly due to organic sales growth, successful execution of cost reductions, and positive effects from supplier settlement and compensation. We estimate that the negative impact from U.S. tariffs was around 20bps on operating margin, as we managed to pass on most of the tariff costs to our customers. Operating income increased by 18% to $267 million and adjusted operating income* increased by 14% to $271 million. Operating margin was 9.9% and adjusted operating margin* was 10.0%. ROCE was 25.1% and adjusted ROCE* was 25.5%.
  • Operating cash flow increased by 46%, reflecting improved profit and working capital. Capital expenditure, net, was significantly reduced, and free operating cash flow* increased substantially. The leverage ratio* of 1.3x is below our target limit of 1.5x. In the quarter, a dividend of $0.85 per share (21% increase from Q2 ’25) was paid and 0.84 million shares were repurchased and retired.

*For non-U.S. GAAP measures see enclosed reconciliation tables.

Key Figures

(Dollars in millions, except per share data)

Q3 2025

Q3 2024

Change

9M 2025

9M 2024

Change     

Net sales

$2,706

$2,555

5.9 %

$7,998

$7,774

2.9 %

Operating income

267

226

18 %

769

626

23 %

Adjusted operating income1)

271

237

14 %

777

657

18 %

Operating margin

9.9 %

8.9 %

1.0pp

9.6 %

8.1 %

1.6pp

Adjusted operating margin1)

10.0 %

9.3 %

0.7pp

9.7 %

8.5 %

1.3pp

Earnings per share – diluted

2.28

1.74

31 %

6.59

4.98

32 %

Adjusted earnings per share – diluted1)

2.32

1.84

26 %

6.67

5.30

26 %

Operating cash flow

258

177

46 %

613

639

(4.1) %

Return on capital employed2)

25.1 %

22.9 %

2.2pp

24.9 %

21.2 %

3.8pp

Adjusted return on capital employed1,2)

25.5 %

23.9 %

1.6pp

25.2 %

22.1 %

3.0pp 

1) Excluding effects from capacity alignments and antitrust related matters. Non-U.S. GAAP measure, see reconciliation table.

2) Annualized operating income and income from equity method investments, relative to average capital employed.

Comments from Mikael Bratt, President & CEO:

“I am pleased to, once again, report a record breaking quarter. This quarter is the best third quarter so far, for sales, operating income and EPS. The performance was driven by better than expected sales, especially in Americas and Europe, and successful actions to reduce costs and achieve tariff compensation. I am pleased that we had a solid outperformance with the domestic Chinese OEMs. The ramp-up of certain models started slower than expected, but improved gradually during the quarter. We expect increased outperformance in China in Q4.

Driven by increased penetration of automotive safety, our high growth in India continued, accounting for around one third of our global organic growth in the third quarter.

We invest for continued success in China. We started building a second R&D Center in China to support our growing business with Chinese OEMs both in China and globally. In addition, in October we signed a strategic agreement with CATARC, the leading research institution setting standards in China’s automotive sector, to jointly advance automotive safety standards and innovation. Furthermore, we recently announced our plans to form a joint venture with HSAE, a leading Chinese automotive electronics developer, to develop and manufacture advanced safety electronics to increase vertical integration of our current product portfolio.

We recovered around 75% of tariff costs in the third quarter, and expect to recover most of what remains in Q4. We continue to closely monitor the situation, and remain adaptive and agile.

Our focus on operational efficiency, commercial excellence and our cost reduction programs continue to yield results. In the quarter, sales grew organically by 4%, gross profit by 14%, operating income by 18% and EPS by 31%. Supported by strong balance sheet control, operating cash flow increased by 46%, and with a lower capex, net, free cash flow improved substantially. As a result, we kept our leverage ratio at 1.3x, despite increasing the dividend by 21% and repurchasing shares for $100 million in the quarter.

We remain confident in achieving our full year guidance of an adjusted operating margin of around 10-10.5%, currently expecting to come in at the midpoint of the range.

Our focus on operational efficiency, commercial excellence and our cost reduction programs continue to yield results. In the quarter, sales grew organically by 4%, gross profit by 14%, operating income by 18% and EPS by 31%. Supported by strong balance sheet control, operating cash flow increased by 46%, and with a lower capex, net, free cash flow improved substantially. As a result, we kept our leverage ratio at 1.3x, despite increasing the dividend by 21% and repurchasing shares for $100 million in the quarter.

We remain confident in achieving our full year guidance of an adjusted operating margin of around 10-10.5%, currently expecting to come in at the midpoint of the range.”

Next Report

Autoliv intends to publish the quarterly earnings report for the fourth quarter of 2025 on Friday, January 30, 2026.

Inquiries: Investors and Analysts
Anders Trapp
Vice President Investor Relations
Tel +46 (0)8 5872 0671

Henrik Kaar
Director Investor Relations
Tel +46 (0)8 5872 0614

Inquiries: Media
Gabriella Etemad
Senior Vice President Communications
Tel +46 (0)70 612 6424

Autoliv, Inc. is obliged to make this information public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the VP of Investor Relations set out above, at 12.00 CET on October 17, 2025.

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/autoliv/r/financial-report-july—september-2025,c4251844

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Minesto part of Swedish high-level delegation to South Korea

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GOTHENBURG, Sweden, Oct. 17, 2025 /PRNewswire/ — This week, leading ocean energy technology developer Minesto was part of a high-level Swedish delegation to South Korea aiming to explore new partnerships and strengthen bilateral collaboration in the green transition. The delegation, led by HRH Crown Princess Victoria and Prince Daniel of Sweden and joined by Swedish ministers, is part of Focus Asia – Sweden’s strategy for trade and investment in the region. Extensive tidal and ocean current resources make South Korea a highly attractive market for Minesto.

Minesto CEO Dr Martin Edlund was invited by Business Sweden to join the Swedish delegation led by HRH Crown Princess Victoria and Prince Daniel of Sweden and supported by Swedish minister for Foreign Affairs Maria Malmer Stenergard and Swedish minister for Infrastructure and Housing Andreas Carlson.

On October 16, representatives from both countries successfully concluded the ‘Sweden–South Korea Sustainable Partnership Summit’. Dr Marin Edlund took part in the discussions alongside representatives from the Swedish and Korean governments and prominent industry leaders and had the opportunity to highlight how Minesto’s technology can contribute to the global energy transition.

Participating companies and organizations that visited South Korea together with Minesto include Ericsson, Hexicon, Atlas Copco, Hitachi Energy, I-Tech, Tetra Pak, RISE, EQT Group, Saab etc.

Fore more information on the delegation:

High-level visit and delegation to South Korea 2025 – Business Sweden 

For more information on Sweden-Korea Sustainable Partnership Summit:

한국-스웨덴 지속가능 파트너십 서밋・Sweden-Korea Sustainable Partnership Summit

For additional information, please contact
Cecilia Sernhage, Chief Communications Officer
+46 735 23 71 58
ir@minesto.com

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/minesto-ab/r/minesto-part-of-swedish-high-level-delegation-to-south-korea,c4251911

 

D1CE.COM Secures Landmark Partnership with Levante UD in Multi-Million EUR Deal

By
Advertorial Desk
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HONG KONG, Oct. 17, 2025 /PRNewswire/ — Emerging crypto entertainment platform D1CE.COM has officially signed a sponsorship agreement with Spanish football club Levante UD, in a deal valued at a multi-million-euro sum. This strategic move highlights D1CE.COM’s ambition to accelerate its global expansion and strengthen its presence in the European sports market.

CEO of D1CE.COM (Left) and Levante UD. President Pablo Sánchez (Right)
CEO of D1CE.COM (Left) and Levante UD. President Pablo Sánchez (Right)

The partnership will see D1CE.COM’s branding featured across Levante UD’s official channels and international exposure assets, positioning the platform alongside one of Spain’s most historic football clubs.

“Football is the world’s most influential sport, and we are thrilled to partner with Levante UD,” said the CEO of D1CE.COM. “Through this collaboration, we aim to connect our brand spirit with the passion of football fans while driving the mainstream adoption of crypto entertainment.”


Expanding into Europe through sports partnerships

Levante UD, a long-standing LaLiga contender with strong fan bases in Spain and Latin America, offers D1CE.COM a powerful entry point into European markets.

Asia-Pacific famous muay thai champion Jackson Law (Left) and Levante UD. President Pablo Sánchez (Right)
Asia-Pacific famous muay thai champion Jackson Law (Left) and Levante UD. President Pablo Sánchez (Right)

Crypto entertainment and sports: a natural alliance

Industry analysts note that the fusion of crypto entertainment and sports sponsorship is becoming a powerful trend. The high-risk, high-reward nature of cryptocurrency resonates with the excitement and unpredictability of sports. By aligning with Levante UD, D1CE.COM aims to attract younger, tech-savvy audiences who embrace innovation.

This multi-million EUR agreement underscores D1CE.COM’s commitment to heavy investment in sports marketing and its determination to become a leading global brand in the crypto entertainment sector.

In addition, D1CE.COM has been officially granted an international online gaming license by the Autonomous Island of Anjouan, further demonstrating its commitment to compliant and lawful operations while strengthening its foundation in the global market. D1CE.COM will continue to drive brand growth through its internationalization strategy.

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