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SKF announces new business segments and releases restated figures

GOTHENBURG, Sweden, March 16, 2026 /PRNewswire/ — SKF today announces the introduction of a new segment reporting structure, effective from Q1 2026. The purpose of these changes is to reflect the Group’s strategic focus and to provide increased transparency ahead of the planned separation of the Automotive business. SKF is also publishing restated financial information for the new segments for 2024 and 2025.

New segment structure

Under the new structure, SKF will report three business segments including two industrial segments – Bearing Solutions and Specialized Industrial Solutions (SIS) – and one Automotive segment. SIS include, as previously communicated, the stand-alone and strategic core businesses Aerospace, Lubrication Lifetime Solutions, Sealing Solutions, and Magnetic Solutions.

In addition to the three business segments, corporate function costs as well as internal sales between the Industrial segments and the Automotive segment are reported under “Other”. Previously these costs and transactions were included in the business segments. From 2026, Automotive carries their own central costs which are reported in the Automotive segment.

Restated figures reflecting changes in financial reporting and business transfers

The restated figures for 2024 and 2025 released today are presented to enable comparability and to illustrate how the new segment reporting structure would have looked historically.

As part of the new reporting structure, SKF’s sealing business for automotive applications is transferred from the Automotive segment to SIS. This transfer is only a financial reporting change as the operational responsibility has always been within the Seals business, which means that both operations and reporting for this business now are the same. As a consequence, sales for the Automotive segment in 2025 decreases with BSEK 2.4.

In addition, the restated financials mirror all separation related business transfers, such as production capacity and logistic centres, from Industrial to Automotive, reflecting to the extent feasible the Automotive footprint as it will be at point of separation. As previously communicated, SKF’s objective is to list the Automotive business on Nasdaq Stockholm during Q4 2026, subject to the Board of Directors proposing a distribution and listing of the Automotive business and the shareholders’ approval.

New customer industry breakdown

The new business segment reporting does not change the customer industry breakdown for the Automotive segment. For the Industrial operation, i.e. the combined segments Bearing Solutions and SIS, a revised customer industry breakdown is introduced including seven main industry groups: Aftermarket & service; Industrial mobility and defence; High-speed machinery and electrical; Heavy industries; Sustainable food supply; Advanced technology; and Other OEM.

The new segment reporting and restated figures will be applied in external financial reporting from the first quarter of 2026.

More information and attached documents will also be available on: https://www.skf.com/group/investors. The restated financial information has not been audited.

Aktiebolaget SKF
      (publ)

For further information, please contact:
Press Relations: Carl Bjernstam, +46 31-337 2517; +46 722 201 893; carl.bjernstam@skf.com
Investor Relations: Sophie Arnius, +46 31-337 8072; +46 705 908 072; sophie.arnius@skf.com

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20260316 SKF announces new business segments and releases restated figures

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New segments – restatements – explanations – 16 March 2026

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New segments – restated figure 2024-2025 – 16 March 2026

 

Queen Elizabeth’s School, Gurugram, Part of GEDU Global Education, Launches Admissions Suite to Welcome Prospective Families

~ Invites Applications for EY1 to Year 9 for Academic Year 2026–27 ~

~ Welcomes its First Cohort of Day and Boarding Students ~

GURUGRAM, India, March 16, 2026 /PRNewswire/ — Queen Elizabeth’s School, Gurugram, part of GEDU Global Education, a UK based global education group, today announced the launch of its Admissions Suite as it invites applications for EY1 to Year 9 for the Academic Year 2026–27. Marking a significant milestone in the school’s journey in India, the Gurugram campus will extend a long-standing educational legacy through a curriculum that balances academic depth with personal development and global perspective. The school also introduced boarding facilities, welcoming its first cohort of both day and boarding students when it begins operations in August 2026.

The announcement was made during the inauguration ceremony, bringing together a distinguished gathering including Ms Susan Acland-Hood, Permanent Secretary at the UK Department for Education, representatives from the British High Commission and the British Council, and members of the school’s leadership team.

Alison Barrett MBE, Country Director India, British Council, said: India and the UK share a strong and enduring partnership in education, built on a shared commitment to academic excellence, innovation, and a global outlook. I congratulate the Gurugram Queen Elizabeth’s School on launching admissions in India – this reflects the growing interest in international education opportunities and the deepening educational links between our two countries. We welcome initiatives that bring together British educational heritage with India’s dynamic learning landscape, creating enriching opportunities for students to develop the knowledge, skills and perspectives needed in an interconnected world.”

Ms Caroline Pendleton-Nash, Chief Executive Officer of Queen Elizabeth’s Global Schools, said, “India represents one of the most dynamic and forward looking education landscapes in the world, and the launch of the Admissions Suite in Gurugram marks an important step in our journey to establish Queen Elizabeth’s Global Schools in the country. As we invite applications for the inaugural academic year, we look forward to welcoming families who share our belief in the transformative power of an exceptional education. Through Queen Elizabeth’s Global Schools, we aim to bring the heritage, values and academic standards shaped over more than four centuries to Indian students and expats, while building a meaningful academic bridge between the United Kingdom and India.”

Dr Craig Cook, Founding Principal, Queen Elizabeth’s School, Gurugram, said, “The launch of the Gurugram Admissions Suite provides an opportunity for families to experience the distinctive ethos that has defined Queen Elizabeth’s Global Schools for more than 450 years. Our academic framework is designed to combine intellectual rigour with strong pastoral care and a rich co-curricular environment, ensuring that students develop both academic excellence and strength of character. We look forward to welcoming our founding cohort of students and nurturing confident, able and responsible young people who are prepared to contribute positively to an interconnected world.”

The newly launched Gurugram Admissions Suite will serve as the first dedicated engagement space for families seeking to learn about the school’s academic philosophy, values and learning environment. Designed to introduce prospective parents to the beliefs and aspirations of the school, the suite will provide an opportunity for families to engage closely with the school leadership and admissions teams as they explore the possibility of becoming part of the Elizabethan community.

Admissions Enquiries and Applications

Prospective families interested in applying for Academic Year
2026–27 may visit the Gurugram Admissions Suite or connect
with the admissions teams through the following details:

Address: Tower 1, Atrium Place, Gurugram
Telephone: +91 921 702 4848
Email: admissions@qegurugram.com

About Queen Elizabeth’s School, Gurugram

Queen Elizabeth’s School, Gurugram, is part of Queen Elizabeth’s Global Schools under the umbrella of GEDU Global Education network, bringing a world-class British education to India. Inspired by the legacy of Queen Elizabeth’s School, Barnet, founded under Royal Charter in 1573, the school builds on more than 450 years of academic heritage and character-based education.

Opening in August 2026, the school will welcome students from EY1 to Year 9, gradually expanding to Year 13. The school plans to offer the Cambridge International Curriculum, leading to IGCSE and A Level pathways, alongside boarding facilities that will support a diverse and international student community.

Education at Queen Elizabeth’s School, Gurugram, is guided by three integrated pillars: QE House, which builds belonging and leadership; QE Futures, which prepares students for life beyond school; and QE Flourish, a dynamic co-curricular programme spanning creativity, service, wellbeing and sport. Together, these create a balanced educational environment that nurtures confident, able and responsible young people.

For more information, visit www.qegurugram.com

About GEDU Global Education

GEDU Global Education (GEDU) is UK-HQ’d group of 15 education institutions with a mission to change lives through education and improving living standards and access to learning worldwide. The Group has operations in 16 countries, including the India, USA, United Kingdom, France, Germany, Spain, Malta, UAE, India, Saudi Arabia, Australia, Ireland and Canada.

GEDU offers a range of educational opportunities, from K-12 through Bachelor’s, Master’s degrees and Ph.D./DBA, as well as apprenticeships and language schools. Our portfolio has over 85,000 students, covers a wide range of subjects and is characterised by a keen focus on both employability and student experience to maximise return on investment for students.

Taobao Malaysia Shares Raya Shopping Trends as Malaysians Prepare for Festive Gatherings

KUALA LUMPUR, Malaysia, March 16, 2026 /PRNewswire/ — As Malaysians prepare for Hari Raya, new insights from Taobao Malaysia points to a clear shift in festive shopping behaviour, with online platforms playing an increasingly central role in home preparation and hosting.

Taobao Malaysia Shares Raya Shopping Trends as Malaysians Prepare for Festive Gatherings
Taobao Malaysia Shares Raya Shopping Trends as Malaysians Prepare for Festive Gatherings

In the weeks leading up to the Raya celebrations, searches for home organisation and hosting essentials on Taobao Malaysia increased by 70%, reflecting households’ efforts to streamline meal preparation, organise spaces for visiting relatives, and create welcoming environments for open houses. This momentum extended offline, with over twenty thousand visitors attending Taobao Pesta Raya, a three-day experiential activation at MyTOWN Shopping Centre, Kuala Lumpur, clearly demonstrating rising consumer engagement with both the platform and its app.

Taobao Malaysia also points to a broader recalibration in festive spending, as Malaysian consumers increasingly favour home solutions that extend beyond seasonal use. High-interest categories such as food storage organisers, kitchen organisers, lighting solutions, and flexible furniture, reflects a shift toward more adaptable, multi-functional living spaces. This reflects a mindset shaped by a heightened desire for smarter, longer-term value, where versatility, durability and everyday utility take precedence over purely seasonal appeal.

Jess Lew, Country Head of Taobao Malaysia, said the observation reflects how Malaysians are increasingly turning to e-commerce platforms not only for convenience, but also for inspiration when preparing their homes for festive occasions.

She continues, “Festive preparations often involve many small but meaningful details, from organising kitchens for cooking to creating comfortable spaces for guests during open houses. What we’re seeing on Taobao is that Malaysians are actively searching for practical solutions that help make these moments easier and more enjoyable. As more shoppers explore online platforms for festive preparations, it also highlights how e-commerce is becoming an integral part of everyday celebrations.”

The Taobao Pesta Raya activation offered a glimpse into where retail is heading; towards experiences that seamlessly connect digital discovery with physical engagement. Reflecting Taobao’s signature “everything and anything”, the event features an extensive variety of products, from home essentials to unique lifestyle finds, showcasing the platform’s vast selection. Through interactive product showcases and tools like image search and QR-enabled journeys, visitors experienced an increasingly fluid path to purchase. The event also encouraged first-time app downloads, highlighting how festive periods like Hari Raya serve not only as peak shopping moments but also as opportunities to observe how Malaysians are increasingly integrating e-commerce into daily life and traditional celebrations.

At the same time, Taobao Malaysia’s Raya sales campaign continues until 20 March 2026, providing shoppers with additional opportunities to explore curated festive home solutions and gain inspiration for their celebrations.

For full details on Taobao Pesta Raya campaign and updates, follow Taobao Malaysia on Facebook, Instagram, and TikTok, or visit the app.

About Taobao Malaysia

Taobao Malaysia aims to facilitate convenient shopping on Taobao and Tmall for consumers in Malaysia. Through the Taobao app, Malaysian shoppers can access billions of products, complete with logistics, payment and other services and offers tailored to their individual market needs. Taobao Malaysia is part of Alibaba International Digital Commerce Group. 

Sale of Shares of Methanex Corporation

AMSTERDAM, March 16, 2026 /PRNewswire/ — OCI Global (Euronext: OCI), (“OCI”) announced today that its wholly owned subsidiary OCI Chemicals B.V. has sold 3,331,346 common shares (“Shares”) of Methanex Corporation (“Methanex”), representing approximately 4.3% of the issued and outstanding Shares (the “Disposition”). The sale price was US$51.80 per share, resulting in net proceeds of approximately US$172.6 million, after customary fees and expenses. The Disposition was made on 13 March 2026 as a block trade.

Immediately prior to the Disposition, OCI had beneficial ownership of, or control and direction over, 9,944,308 Shares, representing approximately 12.9% of the issued and outstanding Shares. As a result of the Disposition, OCI now owns or exercises control or direction over an aggregate of 6,612,962 Shares, representing approximately 8.6% of the issued and outstanding Shares.

A copy of the early warning report to be filed by OCI in connection with the Disposition will be available on Methanex’s profile on SEDAR+ at www.sedarplus.ca. A copy may also be obtained by contacting OCI (details below).

About OCI Global

Learn more about OCI at www.oci-global.com. You can also follow OCI on LinkedIn.

Additional Information

OCI effected the Disposition for investment purposes. Depending on market conditions and other factors, including Methanex’s business and financial condition, OCI may in future acquire securities of Methanex or sell some or all of the securities of Methanex that it may own at any such time.

Cautionary Statement on Forward-Looking Information

Certain information contained in this press release, including any information relating to OCI’s investment in Methanex, constitutes “forward-looking statements”. All statements, other than statements of historical fact, are forward-looking statements. The words “may” and “will” and similar expressions identify forward-looking statements. In particular, this press release contains forward-looking statements including, without limitation, with respect to the potential for OCI to acquire securities of Methanex in future or to dispose of some or all of such securities that OCI owns at any time. Forward-looking statements are necessarily based upon a number of assumptions, including material assumptions considered reasonable by OCI as at the date of this press release in light of management’s experience and perception of current conditions and expected developments, and are inherently subject to significant business, economic, and competitive uncertainties and contingencies.

Many of these uncertainties and contingencies can affect our actual results and could cause actual results to differ materially from those expressed or implied in any forward-looking statements made by, or on behalf of, us. Readers are cautioned not to put undue reliance on forward-looking statements which are not guarantees of future events, and speak only as of the date made. All of the forward-looking statements made in this press release are qualified by these cautionary statements. OCI disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by applicable law.

OCI Global Reports H2 2025 and FY 2025 Unaudited Results

AMSTERDAM, March 16, 2026 /PRNewswire/ — 

Foreword

Subsequent to the reporting period, geopolitical developments in the Middle East have led to an immediate and significant increase in European natural gas prices of approximately 60%, resulting in materially higher production costs for nitrogen producers, and heightened market volatility. While fertilizer prices, including nitrates have also increased, and AdBlue (DEF) prices are tracking urea, there is typically a timing lag between changes in feedstock costs and realized selling prices. Given the rapidly evolving situation, visibility on the duration of elevated gas prices and the sustainability of higher fertilizer pricing remains limited.  As such, it remains too early to determine the effects on OCI Nitrogen (OCIN), including the extent of cost recovery, and whether these price increases will be sufficient to offset higher production costs partially or fully.

Hassan Badrawi, CEO of OCI Global commented:

“2025 marked the 75-year anniversary of OCI including its predecessor. During this period, the company’s activities have spanned sectors including construction, select infrastructure, various building materials, cement, nitrogen fertilizers, melamine, methanol and biomethanol, and blue ammonia. OCI’s most recent strategic review has generated gross proceeds of USD 11.9 billion to date, which – combined with operating cash flows – has enabled approximately USD 7 billion (EUR 31 per share equivalent) in shareholder distributions over the past four years.

In June 2025, we closed the sale of our global methanol business to Methanex Corporation. In late December, the Beaumont New Ammonia facility achieved the major milestone of first ammonia production, and today we are close to achieving Project Completion, at which time the facility will shortly thereafter be formally handed over to Woodside Energy. In November, we reached an agreement to divest OCI’s ammonia distribution and terminal business to AGROFERT, a significant European nitrogen products manufacturer, with closing expected in H1 2026. Our objective remains to effect a strategic sale of the remaining OCI Nitrogen business.

In September 2025, we announced our intention to pursue a potential combination with Orascom Construction to establish a scalable infrastructure and investment platform anchored in Abu Dhabi. Agreement on the envisaged combination was reached on 9 December 2025, subject to customary conditions including shareholder approval.

In early January 2026, the Dutch association for retail shareholders (the “VEB”) and a number of other shareholders petitioned the Enterprise Chamber of the Amsterdam Court of Appeals for an inquiry into the course of events and to take measures to prevent the transaction from being carried out in the short term. The Court has issued a preliminary ruling temporarily prohibiting a shareholder vote on the transaction and appointing two independent non–executive directors. These directors have the specific task of ensuring that the board of OCI, in the context of the contemplated transaction, or a similar transaction with Orascom, complies with its statutory duties, including towards minority shareholders. Only with the consent of the two court-appointed directors, the envisaged combination, or a similar transaction with Orascom Construction, can be submitted for approval of the general meeting. While the proceedings remain ongoing, the Company will communicate to stakeholders as appropriate. A decision on whether an inquiry will be ordered is subject to further proceedings.”

Financial Highlights

FY 2025 Key Highlights

  • OCI Global (Euronext: OCI) reported FY 2025 Total Operations (Continuing and Discontinued Operations) revenue of USD 1,605 million compared to USD 4,084 million in FY 2024, and FY 2025 Total Operations adjusted EBITDA of USD 122 million compared to USD 826 million in FY 2024. Discontinued operations include results for IFCo, Fertiglobe and OCI Clean Ammonia (Beaumont New Ammonia) and OCI Methanol for the periods preceding the closing of the respective transactions. Following the announcement of the sale of OCI Ammonia Holding, its assets have been classified as held for sale1.
  • OCI reported FY 2025 Continuing Operations (European Nitrogen and Corporate Entities segments) revenue of USD 1,086 million, an 11% improvement YoY and an FY 2025 adjusted EBITDA of USD 46 million compared to a loss of USD 32 million in the prior year.
  • FY 2025 adjusted EBITDA for European Nitrogen (OCI’s sole operating segment within Continuing Operations today) was USD 87 million compared to an adjusted EBITDA of USD 55 million in FY 2024.
  • 12-month rolling recordable incident rate to 31 December 2025 was 0.27 incidents per 200,000 working hours2.

H2 2025 Key Highlights

  • OCI reported H2 2025 Total Operations revenue of USD 544 million, a decrease of 67% compared to the same period last year, and H2 2025 Total Operations adjusted EBITDA of USD 47 million compared to USD 234 million in H2 2024; the declines largely reflect the deconsolidation of divested businesses through the latter half of 2024 and in 2025.
  • OCI reported H2 2025 Continuing Operations revenue of USD 519 million, an 11% increase YoY while Continuing Operations adjusted EBITDA was USD 45 million in H2 2025 compared to a loss of USD 39 million in H2 2024.
    • H2 2025 revenue for European Nitrogen was USD 519 million while adjusted EBITDA was USD 67 million; this compares to USD 466 million and USD 7 million in H2 2024, respectively. Own-produced sales volumes in the segment increased 5% YoY in H2 2025 to 965 thousand tonnes compared to the same period last year.
    • H2 2025 underlying corporate costs excluding one-offs within Corporate Entities were USD 21 million, in-line with H1 2025 and reduced from USD 46 million in H2 2024. The change reflects ongoing cost reductions in the corporate cost base to match OCI’s reduced operations as a result of divestments. Note that H2 2025 underlying corporate costs exclude USD 34 million in costs related to the strategic review and other corporate one-off costs and USD 19 million in recharge income representing historical costs charged back to OCI Nitrogen.
  • Reported net loss attributable to shareholders from Total Operations was USD 159 million in H2 2025 compared to a reported net profit of USD 4,969 million in H2 2024. Results in the prior period reflect a USD 4,938 million gain from the sale of subsidiaries related to the sale of IFCo, Fertiglobe and OCI Clean Ammonia in H2 2024. Reported net loss attributable to shareholders from Continuing Operations was USD 13 million in H2 2025 compared to a reported net profit of USD 4 million in H2 2024.
  • The adjusted net loss attributable to shareholders from Total Operations was USD 4 million in H2 2025 compared to an adjusted net loss of USD 53 million in H2 2024. For Continuing Operations, the adjusted net loss attributable to shareholders was USD 5 million in H2 2025 compared to an adjusted net loss of USD 63 million in H2 2024.

Free Cash Flow and Net Debt Highlights

  • Net debt excluding assets held for sale was USD 44 million as of 31 December 2025 compared to a net cash position of USD 1,030 million as of 30 June 2025, and a net cash position of USD 1,371 million on 31 December 2024. Balances related to OCI Ammonia Holding B.V. were commingled with OCI Nitrogen B.V. prior to the carve-out in August 2025 and are included in net cash for periods prior to the announcement of the sale in November 2025.
  • Upon closure of the Methanol transaction on 27 June 2025, the Company launched the formal tender process to settle the 2033 Bonds. The Bonds were repaid in full for USD 664.5 million plus USD 15.7 million of accrued interest on 7 August 2025.
  • On 5 September 2025, OCI made an extraordinary distribution of USD 698.1 million through both a repayment of capital and an extraordinary dividend. Consequently, the Company’s fiscal capital reserves are almost completely depleted. As such, no further capital reductions are possible.
  • Operating free cash flow from Continuing Operations in H2 2025, including maintenance capital expenditure, tax, cash interest and lease payments, was an outflow of USD 70 million compared to a USD 250 million outflow in H2 2024. The H2 2025 cash outflow continues to reflect exceptional costs related to the strategic review and one-off corporate expenses, albeit at a lower level than H2 2024, and also benefited from cost reduction initiatives. Cash flow in H2 2025 was negatively impacted by elevated maintenance capex at OCI’s European Nitrogen business following planned and unplanned outages throughout 2025.
  • Capital expenditure including maintenance and growth capex for Continuing Operations was USD 49 million in H2 2025 compared to USD 29 million in H2 2024. Maintenance capex was higher in H2 2025 versus H2 2024, reflecting incremental spend on repairs and maintenance work undertaken in connection with production outages.
  • Total project spend for OCI Clean Ammonia (Beaumont New Ammonia) in H2 2025 amounted to USD 293 million. From an accounting perspective, OCI Clean Ammonia expenditures following the 30 September 2024 close date are recorded as payments against a liability. Previously, spend has been categorized either as growth capital expenditure in Discontinued Operations or as pre-operating costs within the EBITDA of Discontinued Operations.
  • On 13 March 2026, OCI sold 3.3 million Methanex shares in an accelerated block sale. The sale price was USD 51.80 per share, resulting in net proceeds of approximately USD 172.6 million, after customary fees and expenses. As a result of the disposition, OCI now owns or exercises control or direction over an aggregate of 6.6 million shares, representing approximately 8.6% of the issued and outstanding shares.

Key Strategic and Business Highlights

Noteworthy milestones in the second half of 2025 included:

Beaumont New Ammonia

  • On 26 December 2025, Beaumont New Ammonia (“BNA”) reached first ammonia, a key commissioning milestone. Currently, the facility is close to achieving Project Completion, at which time it will shortly thereafter be formally handed over to Woodside, including transfer of the operations team. Following the completion, OCI will remain responsible for closing out outstanding construction obligations.
  • As part of the divestment, at Project Completion, OCI will receive the USD 470 million deferred consideration, representing 20% of total proceeds, subject to outstanding construction obligations, certain closing related adjustments, and remaining estimated close-out costs.
  • OCI estimates that the total cost to completion is approximately USD 1.8 billion, inclusive of all close-out costs. Total cash spend was USD 1,580 million as of 31 December 2025 (including historical capex and certain pre-operating expenses).

OCI Nitrogen

  • On 24 November 2025, OCI announced an agreement to sell 100% of OCI Ammonia Holding B.V. (“OCI AH”), comprising OCI Terminal Europoort B.V. (“OTE”) and OCI Ammonia Distribution B.V. (“OAD”) to AGROFERT for a total consideration of €290 million. The transaction is expected to close in H1 2026, subject to satisfaction of regulatory approvals and other customary closing conditions.
  • OCI’s objective remains to effect a strategic sale of the remaining OCI Nitrogen business.

OCI Methanol

  • Following the successful completion of the Methanex transaction on 27 June 2025 and the expiration of the subsequent lock-up period in October 2025, OCI sold 3.3 million Methanex shares through an accelerated block sale on 13 March 2026. The shares were sold at USD 51.80 per share, generating net proceeds of approximately USD 172.6 million, after customary fees and expenses. As a result of the disposition, OCI now owns or exercises control or direction over an aggregate of 6.6 million shares, representing approximately 8.6% of the issued and outstanding shares.

Fertiglobe Contingent Consideration and Liabilities

  • As part of the Fertiglobe divestiture in 2024, USD 361.6 million of contingent consideration was held in escrow upon closing. Receipt of any part of this cash held in escrow is dependent on the expiration or settlement of certain indemnifications agreed as part of the transaction. Matching this consideration, the Company, has recorded a provision of USD 361.6 million, which reflects management’s assessment of the range of potential outcomes, the associated probabilities, and the resulting expected value of the indemnities.
  • Based on current information, management estimates the minimum possible liability resulting from the indemnities of approximately USD 100 million, and the maximum potential liability of approximately USD 680 million (and higher in exceptional circumstances). Management continues to consider the provision of USD 361.6 million as the best estimate of the present exposure. This assessment is reviewed periodically by Management, the Board, and the auditors. The underlying indemnities and circumstances are bound by strict confidentiality and non–disclosure provisions under the relevant contractual agreements.

Other Contingent Liabilities and Indemnifications

  • Residual M&A indemnities and warranties arise in relation to transaction agreements, including the Fertiglobe sale documentation, the Woodside EPA and CMA agreements, the OCI AH SPA with AGROFERT, and legacy agreements with Methanex and Koch. Across these agreements, the remaining obligations comprise a combination of tax-related warranties, operational and project-related indemnities, structured through both capped exposures with finite survival periods and certain customary uncapped matters. In aggregate, tax warranties represent the longest-dated category and extend into the early-to-mid 2030s, while non-tax operational and project-related indemnities either expire earlier or are limited to defined subject matter, notwithstanding that some are uncapped in value and/or duration. The scope, caps, survival periods and limitations across these agreements reflect market-standard outcomes achieved through competitive auction processes and bilateral negotiations, including customary exclusions, thresholds and mitigation rights. Relevant descriptions of indemnities and estimates where relevant will be disclosed in the 2025 Annual Report.

OCI Nitrogen Impairment Risk

  • Upon the expected closing of the sale of OCI AH, the remaining carrying value of the OCIN asset is approximately USD 290 million. This value has been subjected to impairment testing using a value-in-use technique based on IAS 36. Should geopolitical tensions continue for a sustained period of time, there is a risk that an impairment may be required due to the combination of elevated European natural gas prices, an insufficient compensatory increase in product prices, and other unforeseen events.
  • While this asset has been for sale for over two years, held-for-sale accounting requirements under IFRS 5 have not been met. Under held-for-sale accounting, the asset is measured at the lower of its carrying value or fair value less costs to sell. 

 

Total Financial Results at a Glance (Continuing and Discontinued)

 

Financial highlights ($ million unless otherwise stated)

 

H2 ’25

H2 ’24

% Δ

12M ’25

12M ’24

% Δ

$ million unless otherwise stated

Cont.

Disc.

Total

Cont.

Disc.

Total

Cont.

Disc.

Total

Cont.

Disc.

Total

Cont.

Disc.

Total

Cont.

Disc.

Total

Revenue

519.1

24.4

543.5

466.1

1,182.1

1,648.2

11 %

-98 %

-67 %

1,086.0

518.8

1,604.8

975.1

3,108.7

4,083.8

11 %

-83 %

-61 %

Gross profit / (loss)

55.8

24.4

80.2

(20.2)

350.4

330.2

nm

-93 %

-76 %

23.7

107.4

131.1

2.0

1,010.2

1,012.2

1085 %

-89 %

-87 %

Gross profit /
(loss) margin

10.7 %

100.0 %

14.8 %

-4.3 %

29.6 %

20.0 %

2.2 %

20.7 %

8.2 %

0.2 %

32.5 %

24.8 %

Adjusted EBITDA1

45.1

1.5

46.6

(38.6)

272.2

233.6

nm

-99 %

-80 %

46.4

75.2

121.6

(31.9)

857.7

825.8

nm

-91 %

-85 %

EBITDA

36.5

1.5

38.0

(85.2)

281.0

195.8

nm

-99 %

-81 %

(8.9)

42.3

33.4

(125.5)

876.1

750.6

-93 %

-95 %

-96 %

EBITDA margin

7.0 %

6.1 %

7.0 %

-18.3 %

23.8 %

11.9 %

-0.8 %

8.2 %

2.1 %

-12.9 %

28.2 %

18.4 %

Adjusted net
profit / (loss)
attributable
to shareholders
1

(4.9)

1.2

(3.7)

(62.6)

9.7

(52.9)

nm

-88 %

nm

(51.2)

17.7

(33.5)

(166.3)

154.5

(11.8)

-69 %

-89 %

184 %

Reported net
profit / (loss)
attributable to
shareholders

(13.2)

(146.1)

(159.3)

3.8

4,965.1

4,968.9

nm

nm

nm

(343.7)

527.4

183.7

(163.5)

5,142.3

4,978.8

110 %

-90 %

-96 %

Earnings per
share ($)

Basic earnings /
(loss) per share

(0.063)

(0.693)

(0.756)

0.018

23.522

23.540

nm

nm

nm

(1.629)

2.500

0.871

(0.775)

24.366

23.591

110 %

-90 %

-96 %

Diluted earnings /
(loss) per share

(0.063)

(0.693)

(0.756)

0.018

23.461

23.479

nm

nm

nm

(1.629)

2.500

0.871

(0.775)

24.305

23.530

110 %

-90 %

-96 %

Adjusted earnings
/ (loss) per share

(0.024)

0.006

(0.018)

(0.297)

0.046

(0.251)

nm

-87 %

nm

(0.243)

0.084

(0.159)

(0.788)

0.732

(0.056)

-69 %

-89 %

184 %

Capital expenditure

49.2

(0.2)

49.0

29.1

184.1

213.2

69 %

-100 %

-77 %

120.2

86.0

206.2

76.3

572.2

648.5

58 %

-85 %

-68 %

Of which:
Maintenance
Capital
Expenditure

45.1

(0.2)

44.9

24.6

60.0

84.6

83 %

-100 %

-47 %

113.8

86.0

199.8

60.6

208.3

268.9

88 %

-59 %

-26 %

Free cash flow12

(69.6)

(0.4)

(70.0)

(389.5)

(93.3)

(482.8)

-82 %

-100 %

-86 %

(152.4)

(79.7)

(232.1)

(459.6)

23.0

(436.6)

-67 %

nm

-47 %

1  OCI presents certain financial measures when discussing OCI’s performance, which are not measures of financial performance under IFRS. These non-IFRS measures of financial performance (also known as non-GAAP or alternative performance measures) are presented because management considers them important supplemental measures of OCI’s performance and believes that similar measures are widely used in the industry in which OCI operates.
2  Free cash flow is an APM that is calculated as cash from operations less maintenance capital expenditures less distributions to non-controlling interests plus dividends from equity accounted investees, and before growth capital expenditures and lease payments.

 

 

Balance sheet highlights1.2

 

31-Dec-25

31-Dec-24

% Δ

$ million

NHFS

HFS

Total

NHFS

HFS

Total

NHFS

HFS

Total

Total Assets

1,700.4

139.0

1,839.4

3,413.6

915.9

4,329.5

-50 %

-85 %

-58 %

Gross Interest-Bearing Debt

62.0

9.7

71.7

682.1

682.1

-91 %

nm

-89 %

Net (Cash) / Debt

44.1

9.7

53.8

(1,370.8)

(1.2)

(1,372.0)

nm

nm

nm

1  NHFS: Entities not classified as held for sale in the consolidated financial statements.
2  HFS: Entities classified as held for sale in the consolidated financial statements.

 

 

Benchmark prices3

 

H2 ’25

H2 ’24

% Δ

12M ’25

12M ’24

% Δ

H1 ’25

% Δ

Ammonia

NW Europe,
CFR

$/mt

613

581

6 %

562

528

6 %

511

20 %

Ammonia

US Gulf
Tampa
contract

$/mt

554

523

6 %

503

487

3 %

452

23 %

CAN

Germany,
CIF

€/mt

332

290

14 %

333

280

19 %

334

-1 %

UAN

France,
FCA

€/mt

335

260

29 %

329

255

29 %

323

4 %

Natural gas

TTF
(Europe)

$/mmBtu

10.8

12.6

-14 %

11.9

11.0

8 %

13.0

-17 %

Natural gas

Henry Hub
(US)

$/mmBtu

3.5

2.6

35 %

3.6

2.4

50 %

3.7

-5 %

3  Source: CRU, BBG

 

 

Product sales volumes (‘000 metric tonnes)

 

H2 ’25

H2 ’24

% Δ

12M ’25

12M ’24

% Δ

‘000 metric tonnes

Cont.

Disc.

Total

Cont.

Disc.

Total

Cont.

Total

Cont.

Disc.

Total

Cont.

Disc.

Total

Cont.

Disc.

Total

Own Product

Ammonia

179.1

179.1

187.8

171.7

359.5

-5 %

-50 %

322.6

140.3

462.9

408.9

343.0

751.9

-21 %

-59 %

-38 %

CAN

478.1

478.1

421.4

421.4

13 %

13 %

1,133.4

1,133.4

1,041.1

1,041.1

9 %

nm

9 %

UAN

174.7

174.7

179.0

179.0

-2 %

-2 %

332.5

332.5

318.5

318.5

4 %

nm

4 %

Total Fertilizer

831.9

831.9

788.2

171.7

959.9

6 %

-13 %

1,788.5

140.3

1,928.8

1,768.5

343.0

2,111.5

1 %

-59 %

-9 %

Melamine

26.7

26.7

50.2

50.2

-47 %

-47 %

62.9

62.9

99.8

99.8

-37 %

nm

-37 %

DEF / AdBlue

106.1

106.1

79.5

79.5

33 %

33 %

197.0

197.0

99.0

99.0

99 %

nm

99 %

Total Nitrogen Products

964.7

964.7

917.9

171.7

1,089.6

5 %

-11 %

2,048.4

140.3

2,188.7

1,967.3

343.0

2,310.3

4 %

-59 %

-5 %

Methanol1

624.2

624.2

nm

-100 %

664.9

664.9

1,320.1

1,320.1

nm

-50 %

-50 %

Total Own Product Sold

964.7

964.7

917.9

795.9

1,713.8

5 %

-44 %

2,048.4

805.2

2,853.6

1,967.3

1,663.1

3,630.4

4 %

-52 %

-21 %

Traded third Party

Ammonia

69.2

69.2

55.0

55.0

26 %

26 %

172.7

2.0

174.7

96.2

96.2

80 %

nm

82 %

UAN

2.9

2.9

-100 %

-100 %

6.4

6.4

7.9

7.9

-19 %

nm

-19 %

Methanol

285.8

285.8

nm

-100 %

201.8

201.8

452.5

452.5

nm

-55 %

-55 %

Ethanol & other

40.5

40.5

nm

-100 %

7.7

7.7

95.9

95.9

nm

-92 %

-92 %

AS

35.1

35.1

57.0

57.0

-38 %

-38 %

92.1

92.1

120.0

120.0

-23 %

nm

-23 %

Total Traded Third Party

104.3

104.3

114.9

326.3

441.2

-9 %

-76 %

271.2

211.5

482.7

224.1

548.4

772.5

21 %

-61 %

-38 %

Total Own Product and
Traded Third Party

1,069.0

1,069.0

1,032.8

1,122.2

2,155.0

4 %

-50 %

2,319.6

1,016.7

3,336.3

2,191.4

2,211.5

4,402.9

6 %

-54 %

-24 %

Including OCI’s 50% share of Natgasoline volumes

 

 

Segment overview H2 ’25

 

$ million

Nitrogen EU

Other

Group Elim.

Cont.

Disc. Nitrogen

Disc. Methanol

Clean Ammonia

Group Elim.

Disc.

Total

Total revenues

519.1

519.1

24.4

24.4

543.5

Gross profit / (loss)

54.6

1.2

55.8

24.4

24.4

80.2

Operating profit / (loss)

16.6

(35.5)

(18.9)

1.5

1.5

(17.4)

D,A&I

(54.4)

(1.0)

(55.4)

(55.4)

EBITDA

71.0

(34.5)

36.5

1.5

1.5

38.0

Adjusted EBITDA

66.5

(21.4)

45.1

1.5

1.5

46.6

 

 

Segment overview H2 ’24

 

$ million

Nitrogen EU

Other

Group Elim.

Cont.

Disc. Nitrogen

Disc. Methanol

Clean Ammonia

Group Elim.

Disc.

Total

Total revenues

466.3

(0.2)

466.1

725.5

525.9

9.0

(78.3)

1,182.1

1,648.2

Gross profit / (loss)

(19.5)

(0.7)

(20.2)

228.3

114.6

9.3

(1.8)

350.4

330.2

Operating profit / (loss)

(38.5)

(102.0)

(140.5)

175.3

86.3

(8.3)

(1.8)

251.5

111.0

D,A&I

(45.6)

(9.7)

(55.3)

(7.9)

(21.5)

(0.1)

(29.5)

(84.8)

EBITDA

7.1

(92.3)

(85.2)

183.2

107.8

(8.2)

(1.8)

281.0

195.8

Adjusted EBITDA

7.2

(45.8)

(38.6)

182.7

90.9

0.4

(1.8)

272.2

233.6

 

 

Segment overview 12M ’25

 

$ million

Nitrogen EU

Other

Group Elim.

Cont.

Disc. Nitrogen

Disc. Methanol

Clean Ammonia

Group Elim.

Disc.

Total

Total revenues

1,086.0

1,086.0

11.9

462.4

44.5

518.8

1,604.8

Gross profit / (loss)

23.3

0.4

23.7

1.1

59.8

44.5

2.0

107.4

131.1

Operating profit / (loss)

(6.5)

(106.2)

(112.7)

0.2

36.7

2.7

2.0

41.6

(71.1)

D,A&I

(100.8)

(3.0)

(103.8)

(0.7)

(0.7)

(104.5)

EBITDA

94.3

(103.2)

(8.9)

0.9

36.7

2.7

2.0

42.3

33.4

Adjusted EBITDA

87.3

(40.9)

46.4

1.2

69.3

2.7

2.0

75.2

121.6

 

 

Segment overview 12M ’24

 

$ million

Nitrogen EU

Other

Group Elim.

Cont.

Disc. Nitrogen

Disc. Methanol

Clean Ammonia

Group Elim.

Disc.

Total

Total revenues

976.5

(1.4)

975.1

2,239.4

1,003.1

9.0

(142.8)

3,108.7

4,083.8

Gross profit / (loss)

7.4

(5.4)

2.0

836.3

169.1

6.8

(2.0)

1,010.2

1,012.2

Operating profit / (loss)

(30.4)

(202.2)

(232.6)

702.8

120.4

(19.1)

(2.0)

802.1

569.5

D,A&I

(88.5)

(18.6)

(107.1)

(11.4)

(62.0)

(0.6)

(74.0)

(181.1)

EBITDA

58.1

(183.6)

(125.5)

714.2

182.4

(18.5)

(2.0)

876.1

750.6

Adjusted EBITDA

54.9

(86.8)

(31.9)

700.3

159.0

0.4

(2.0)

857.7

825.8

 

Reconciliation of reported operating profit to adjusted EBITDA

Adjusted EBITDA

Adjusted EBITDA is an Alternative Performance Measure (APM) that intends to give a clear reflection of the underlying performance of OCI’s operations. The main APM adjustments in the second half of 2025 and 2024 relate to:

  • Commodity hedge gains or losses: OCI does not apply hedge accounting on commodity hedges, therefore unrealized mark-to-market gains and losses are recognized in the P&L statement. Unrealized mark-to-market gains or losses are excluded from adjusted EBITDA and adjusted net profit.
    • A negative adjustment of USD 2 million within Continuing Operations was made for unrealized mark-to-market gains on natural gas hedge derivatives included within reported EBITDA in H2 2025.
  • A negative adjustment of USD 23 million was applied to adjusted EBITDA in H2 2025, primarily reflecting the reversal of a proforma gain on sale of excess EUAs recorded in adjusted EBITDA in H1 2025.
  • Other Continuing Operations adjustments in H2 2025 include USD 34 million in expenses and costs related to transactions and one-off corporate costs; this compares to USD 44 million in H2 2024.

 

 

Reconciliation of reported operating profit to adjusted EBITDA

 

H2 ’25

H2 ’24

12M ’25

12M ’24

$ million

Cont.

Disc.

Total

Cont.

Disc.

Total

Cont.

Disc.

Total

Cont.

Disc.

Total

Operating profit / (loss) as reported

(18.9)

1.5

(17.4)

(140.5)

251.5

111.0

(112.7)

41.6

(71.1)

(232.6)

802.1

569.5

Depreciation, amortization and impairment

55.4

55.4

55.3

29.5

84.8

103.8

0.7

104.5

107.1

74.0

181.1

EBITDA

36.5

1.5

38.0

(85.2)

281.0

195.8

(8.9)

42.3

33.4

(125.5)

876.1

750.6

Adjustments for:

Natgasoline

21.9

21.9

57.6

57.6

41.7

41.7

Unrealized result natural gas hedging

(2.0)

(2.0)

(2.2)

(53.2)

(55.4)

(0.2)

(25.5)

(25.7)

(7.2)

(95.9)

(103.1)

Cost for strategic review and other corporate
one-off costs

33.7

33.7

43.7

2.7

46.4

82.3

5.2

87.5

81.8

4.0

85.8

Realized result on natural gas hedging –
discontinued operations related

3.0

(3.0)

9.5

(9.5)

Unrealized result on virtual PPA derivative

(4.0)

(4.0)

0.3

0.3

(4.5)

(4.5)

Provisions & other

(23.1)

(23.1)

2.1

26.8

28.9

(26.8)

(4.7)

(31.5)

9.5

45.8

55.3

Total APM adjustments at EBITDA level

8.6

8.6

46.6

(8.8)

37.8

55.3

32.9

88.2

93.6

(18.4)

75.2

Adjusted EBITDA

45.1

1.5

46.6

(38.6)

272.2

233.6

46.4

75.2

121.6

(31.9)

857.7

825.8

 

 

Adjusted net profit / (loss) attributable to shareholders

Reconciliation of reported net profit / (loss) to adjusted net profit / (loss)

 

H2 ’25

H2 ’24

12M ’25

12M ’24

$ million

Cont.

Disc.

Total

Cont.

Disc.

Total

Cont.

Disc.

Total

Cont.

Disc.

Total

Adjustments
in P&L

Reported net profit /
(loss) attributable
to shareholders

(13.2)

(146.1)

(159.3)

3.8

4,965.1

4,968.9

(343.7)

527.4

183.7

(163.5)

5,142.3

4,978.8

Adjustments for:

Adjustments at
EBITDA level

8.6

8.6

46.6

(8.8)

37.8

55.3

32.9

88.2

93.6

(18.4)

75.2

Remove: Natgasoline
EBITDA adjustment

(21.9)

(21.9)

(57.6)

(57.6)

(41.7)

(41.7)

Result from associate
(unrealized gas hedging)

(1.3)

(1.3)

(32.3)

(32.3)

(6.1)

(6.1)

(Gain) / loss at
Natgasoline

Forex (gain) / loss on
USD exposure

(4.2)

(4.2)

(101.8)

2.3

(99.5)

171.3

171.3

(116.1)

1.5

(114.6)

Finance income
/ expense

Accelerated depreciation
and impairments of PP&E

5.7

13.5

19.2

10.5

13.5

24.0

Depreciation
& impairment

Result on MetCo sale

2.9

2.9

(684.9)

(684.9)

Profit from
discontinued
operations

Result on IFCo sale

(1.9)

(1.9)

(1,769.0)

(1,769.0)

3.2

3.2

(1,769.0)

(1,769.0)

Result on Clean Ammonia Sale

145.2

145.2

(776.2)

(776.2)

241.3

241.3

(776.2)

(776.2)

Result on Fertiglobe sale

1.1

1.1

(2,392.9)

(2,392.9)

(23.7)

(23.7)

(2,392.9)

(2,392.9)

Non-controlling
interests’ adjustment

(9.6)

(9.6)

(0.2)

(0.2)

(2.9)

(2.9)

Minorities

Unrealized (gain) / loss
on interest rate hedge

(30.7)

(30.7)

Transaction
related expense

Other adjustments

(2.6)

2.6

72.5

5.4

77.9

(7.4)

(7.4)

Finance income
& expense / uncertain
tax positions

Tax effect of adjustments

3.9

3.9

16.4

5.9

22.3

(6.6)

6.2

(0.4)

9.2

11.8

21.0

Income tax

Total APM adjustments
at net profit / (loss) level

8.3

147.3

155.6

(66.4)

(4,955.4)

(5,021.8)

292.5

(509.7)

(217.2)

(2.8)

(4,987.8)

(4,990.6)

Adjusted net profit /
(loss) attributable
to shareholders

(4.9)

1.2

(3.7)

(62.6)

9.7

(52.9)

(51.2)

17.7

(33.5)

(166.3)

154.5

(11.8)

 

 

Reconciliation of EBITDA to Free Cash Flow and Change in Net Debt

 

H2 ’25

H2 ’24

12M ’25

12M ’24

$ million

Cont.

Disc.

Total

Cont.

Disc.

Total

Cont.

Disc.

Total

Cont.

Disc.

Total

EBITDA

36.5

1.5

38.0

(85.2)

281.0

195.8

(8.9)

42.3

33.4

(125.5)

876.1

750.6

Working capital

(36.7)

(1.5)

(38.2)

(121.8)

(24.1)

(145.9)

(11.3)

(24.8)

(36.1)

(58.7)

(90.1)

(148.8)

Maintenance capital expenditure

(45.1)

0.2

(44.9)

(24.6)

(60.0)

(84.6)

(113.8)

(86.0)

(199.8)

(60.6)

(208.3)

(268.9)

Tax received / (paid)

(2.7)

(19.7)

(22.4)

(0.4)

(2.3)

(2.7)

(5.0)

(51.7)

(56.7)

Interest received/(paid)

(11.1)

0.1

(11.0)

(9.8)

(62.3)

(72.1)

2.0

(2.0)

(62.5)

(151.7)

(214.2)

Lease payments

(16.6)

(0.7)

(17.3)

(8.9)

(17.1)

(26.0)

(25.3)

(2.9)

(28.2)

(17.5)

(44.7)

(62.2)

Other

3.4

3.4

3.4

(6.5)

(3.1)

5.3

5.3

10.1

12.2

22.3

Operating Free Cash Flow

(69.6)

(0.4)

(70.0)

(249.6)

91.3

(158.3)

(152.4)

(75.7)

(228.1)

(319.7)

341.8

22.1

Dividends paid to non-controlling interest
and withholding tax

(139.9)

(184.6)

(324.5)

(4.0)

(4.0)

(139.9)

(318.8)

(458.7)

Free Cash Flow

(69.6)

(0.4)

(70.0)

(389.5)

(93.3)

(482.8)

(152.4)

(79.7)

(232.1)

(459.6)

23.0

(436.6)

Reconciliation to change in net debt:

Growth capital expenditure

(4.1)

(4.1)

(4.5)

(124.1)

(128.6)

(6.4)

(6.4)

(15.7)

(363.9)

(379.6)

Clean Ammonia construction payments

(292.5)

(292.5)

(155.3)

(155.3)

(628.6)

(628.6)

(155.3)

(155.3)

Final settlement of IFCo sale

(16.0)

(16.0)

Proceeds from disopsal of investments

(5.0)

(5.0)

8,716.1

8,716.1

1,289.8

1,289.8

8,716.1

8,716.1

Defeasance of IFCO bonds

(900.7)

843.1

(57.6)

(900.7)

843.1

(57.6)

Other non-operating and non cash items

(14.3)

(14.3)

(15.3)

(7.8)

(23.1)

(34.6)

(5.4)

(40.0)

(16.6)

4.1

(12.5)

Net effect of movement in exchange rates
on net debt

(0.5)

(0.5)

(4.3)

0.2

(4.1)

(10.6)

1.6

(9.0)

19.5

(0.2)

19.3

Buyout of Methanol Minorities

(195.1)

(195.1)

(195.1)

(195.1)

Settlement of OCIB Hedges

(25.0)

(29.3)

(54.3)

OCI dividend paid to shareholders and
withholding tax

(698.1)

(698.1)

(3,310.8)

(3,310.8)

(1,698.1)

(1,698.1)

(3,310.8)

(3,310.8)

Cash movement related to
discontinued operations

(182.6)

182.6

(115.5)

115.5

(313.7)

313.7

Net Cash Flow (Increase) / Decrease in
Net Debt

(1,084.1)

(0.4)

(1,084.5)

3,558.0

800.7

4,358.7

(1,397.4)

2.7

(1,394.7)

3,368.1

819.8

4,187.9

 

Notes

This report contains unaudited second half financial highlights of OCI Global (‘OCI,’ ‘the Group’ or ‘the Company’), a public limited liability company incorporated under Dutch law, with its head office located at Honthorststraat 19, 1071 DC Amsterdam, the Netherlands.

OCI Global is registered in the Dutch commercial register under No. 56821166 dated 2 January 2013. The Group is primarily involved in the production of nitrogen-based fertilizers and industrial chemicals.

Auditor

The financial highlights and the reported data in this report have not been audited by an external auditor.

Investor and Analyst Conference Call

On 16 March 2026 at 14:30 CET, OCI will host a conference call for investors and analysts. Investors can find the details of the call on the Company’s website at www.oci-global.com.

Market Abuse Regulation

This press release contains inside information as meant in clause 7(1) of the Market Abuse Regulation.

About OCI Global

Learn more about OCI at www.oci-global.com. You can also follow OCI on Twitter and LinkedIn.

  1. Segment Nitrogen EU includes both OCIN and OCI Ammonia Holding B.V. (OAH). OAH was classified as held for sale following the announced divestment but does not meet the IFRS criteria to be classified as a discontinued operation and, as such its results continue to be presented within the European Nitrogen segment.
  2. TRIR includes OCI Clean Ammonia, while it excludes IFCo operations from September 2024 and Fertiglobe operations from October 2024.

MyRepublic and Singapore Polytechnic Join Forces to Drive Applied AI Innovation Through Dedicated Automation Sandbox


SINGAPORE – Media OutReach Newswire – 16 March 2026 – MyRepublic and Singapore Polytechnic (SP) have signed a Memorandum of Understanding (MOU) to establish a strategic collaboration to drive applied AI innovation through the co-development of AI training programs leveraging MyRepublic’s AI automation sandbox environment.

MoU signing ceremony between MyRepublic and Singapore Polytechnic.
MoU signing ceremony between MyRepublic and Singapore Polytechnic.

Powered by MyRepublic’s AI Automation Box, the sandbox offers secure, on-premise AI infrastructure designed for experimentation, prototyping and deploying intelligent automation solutions. Faculty and students will gain hands-on experience developing AI workflows, deploying Large Language Model (LLM) applications and building real-world automation solutions aligned with industry challenges.

The partnership extends beyond infrastructure to include co-development of AI training programmes, consultancy engagements, collaborative solution design, and industry attachment opportunities. By integrating applied learning with commercial deployment expertise, both organisations aim to drive innovation that results in measurable industry impact.

“Applied AI innovation happens when infrastructure, talent and real-world problems converge,” said Lawrence Chan, Chief AI Officer, MyRepublic. “Through this collaboration, we are providing industry-grade AI automation capabilities that empower educators and students to move beyond experimentation into deployment.”

“At Singapore Polytechnic, we believe that successful technology adoption starts with people. Tools matter, but real impact comes when teams have the skills, confidence, and hands‑on experience to apply AI meaningfully,” said Georgina Phua, Deputy Principal (Development), Singapore Polytechnic. “Through this partnership, SP and MyRepublic will work together on training and consultancy initiatives to support enterprises in exploring and building agentic workflows.”

Together, MyRepublic and SP aim to accelerate AI adoption, strengthen industry-academia collaboration and position Singapore at the forefront of applied AI capability development.

Hashtag: #MyRepublic #SingaporePolytechnic #Technology





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

MyRepublic Broadband Pte Ltd

MyRepublic is an award-winning telecom operator whose values lie in the future of connectivity, the next opportunity to disrupt, and innovations that will make a real difference. The provider’s priority is to redefine broadband and mobile connectivity in the markets it operates and empower customers to understand what a true modern connectivity experience can be.

Singapore Polytechnic

Singapore Polytechnic (SP), established in 1954, is a leading educational institution committed to shaping future-ready talent and driving innovation. With a staff strength of 1,400 and over 12,800 students across 30 full-time diploma courses and four common entry programmes, SP is known for its strong industry focus, mastery in teaching, and emphasis on lifelong learning.

SP champions innovation across key areas, such as pedagogy, digitalisation, sustainability, and industry engagement. Beyond education, SP plays a catalytic role in advancing business transformation. Through its 12 consultancy and technology innovation centres, SP offers tailored solutions to meet the evolving needs of industry. Its SP Company and Workforce Transformation (SP CWT) framework guides enterprises in navigating technological shifts and building future-ready capabilities.

Visit www.sp.edu.sg to learn more.

JAR Capital Group Appoints Francois R. Farjallah as Vice Chairman

Senior private banking executive with over 30 years of cross-jurisdictional experience joins JAR Capital Group Board.

GENEVA, March 16, 2026 /PRNewswire/ — JAR Capital Group, a Swiss headquartered holding company bringing together independent wealth management firms, today announced the appointment of Francois R. Farjallah as Vice Chairman of the Board of Directors, effective 05.03.2026. The appointment strengthens the group’s governance framework as its affiliated firms collectively cover Europe, the Middle East, and Asia through fully regulated operations in Geneva, Dubai, Singapore, and Monaco.

“Francois brings exceptional experience in building and leading private banking operations across complex and demanding markets. His record of growing client franchises across the Middle East, Europe, and Asia makes him the right addition to our Board,” said Gerald de Senger, Chairman and Founder of JAR Capital Group. “His appointment reflects our commitment to institutional governance as we scale our business.”

“Francois’ appointment is a deliberate governance decision that reflects where JAR Capital Group is headed. His depth of experience across the Middle East, Europe, and Asia adds direct, measurable value at board level. This is the right person at the right time for the group,” said Samer Hanna, Group Shareholder and Board Member, JAR Capital Group.

Francois joins JAR Capital Group from EFG Bank AG, where he served as Head of Private Banking and Head of the Middle East from 2021 to 2025. Prior to EFG, Francois was Global Head of Middle East and Africa at CA Indosuez Wealth Management from 2016 to 2021. Earlier in his career, he held senior positions at Société Générale Private Banking, including Chief Executive Officer of the bank in Greece and Head of the Near East and Mediterranean, as well as Head of Wealth Management and Deputy Chief Executive Officer in Luxembourg. He began his career at Credit Suisse, where he spent nine years across investment banking, risk, and private banking relationship management, ultimately establishing the bank’s Lebanon subsidiary as Board Member and General Manager.

An IMD certified board director and a Harvard Business School prepared board director, Francois holds an Executive MBA in International Wealth Management from Carnegie Mellon University and an MBA from HEC Geneva. He is a member of YPO and serves on the Board and Membership Committee of YPO Europe One.

“JAR Capital Group has made deliberate choices about how to grow, where to be present, and how to govern that presence. Those choices reflect a long-term view of what sophisticated international clients need. I joined the board because I share that view, and because the work ahead is substantive,” said Francois.

As Vice Chairman, Francois will support the Chairman on matters of strategy, risk oversight, and capital allocation at group level. He will also contribute to the structuring of the holding company’s board committees, considering the regulatory standards applicable in the jurisdictions where the affiliated firms operate.

(Download more resources here: https://bit.ly/46Zw27E)

About JAR Capital Group

JAR Capital Group is a Swiss holding company that brings together independent wealth management firms based in Geneva, Dubai, Singapore, and Monaco. Each affiliated firm operates autonomously, holds its own regulatory authorization, and conducts client-facing wealth management activities in accordance with its applicable laws and licensing conditions under its local regulator.

The JAR Capital Group name reflects a shared commercial identity and common ownership and governance standards. Each firm’s investment decisions, client relationships, and operational governance remain the full responsibility of its own management team and local regulatory framework. Across Europe, the Middle East, and Asia, the affiliated firms serve UHNW (Ultra-High-Net-Worth) individuals, family office principals, and institutional clients. Services include discretionary portfolio management, advisory mandates, alternative investments, real estate and private equity access, and family office solutions, each delivered within the regulatory perimeter of the relevant jurisdiction.

This publication has been prepared by JAR Capital Group SA and is intended for information purposes only, and does not constitute an offer, solicitation or recommendation to use or invest in any services and products mentioned inside. The information provided herein is for the exclusive use of the recipient, who is free to rely or not on such information at their own risk. JAR Capital Group and/or any of its affiliates, sisters, subsidiaries, parent companies, shareholders, directors, officers, advisors, representatives or employees do not assume any liability whatsoever for any direct, indirect, incidental or consequential damages or loss whatsoever resulting from any use of the information contained herein. This publication is not and should not be construed as a provision of investment advisory services, nor as tax or accounting or financial or investment or legal advice, nor as an offer or recommendation or solicitation to sell or purchase an interest in any investment. Neither this publication nor any copy thereof may be sent, taken into or distributed in the United States or to any US person.

 

IUX Announces “Your Edge, Optimized” Strategic Pivot for 2026, Unveils Roadmap for 10th Anniversary and New Product Launches

EBENE, Mauritius, March 16, 2026 /PRNewswire/ — IUX, a global leader in high-performance trading technology, today officially launched its 2026 flagship campaign, “IUX Your edge, Optimized.” The announcement marks a definitive strategic shift for the firm, prioritizing the deployment of sophisticated, customizable technology designed to empower professional traders to reach their peak potential.

IUX Announces "Your Edge, Optimized" Strategic Pivot for 2026
IUX Announces “Your Edge, Optimized” Strategic Pivot for 2026

As the financial markets evolve in 2026, IUX is refocusing its ecosystem on the “trader’s edge”—the technical advantage required to navigate modern volatility. This initiative centers on the philosophy that professional success is not a one-size-fits-all achievement but is driven by tools that can be precisely optimized to suit diverse trading strategies.

A Year of Technical Evolution and Innovation

The “Your Edge, Optimized” campaign serves as the foundation for a series of major milestones scheduled throughout 2026. Key pillars of the new roadmap include:

  • 10-Year Anniversary Celebration: To honor a decade of market presence, IUX will host an anniversary event. This milestone will celebrate the firm’s journey from a boutique brokerage to a technology-first powerhouse, featuring exclusive networking opportunities for professional clients.
  • Next-Generation Product Launch: IUX confirmed the upcoming release of a new, highly anticipated trading product later this year. While details remain confidential, the product is engineered to further bridge the trading possibilities.
  • Omni-Channel Client Engagement: IUX will roll out a comprehensive series of online and offline campaigns. These include technical webinars, regional trade summits, and interactive workshops focused on helping clients optimize their execution speeds and risk management protocols.

Engineering the Future of Trading

The 2026 pivot is underpinned by IUX’s core technical benchmarks, including its 30ms average execution speed and algorithmic spread stability. By utilizing private fiber-optic cross-connects and event-driven architectures, IUX ensures that the underlying technology is a catalyst for strategy execution, rather than a limitation.

“2026 is about more than just market access; it’s about the quality of the interaction with the market,” IUX stated. “With ‘Your Edge, Optimized,’ we are providing the professional community with a transparent, high-velocity environment where technology is the ultimate equalizer.”

Traders and partners are encouraged to stay tuned to IUX’s official channels for further announcements regarding the anniversary event and the upcoming product release.

About IUX

IUX is a technology-driven brokerage specializing in high-performance trading solutions for professional market participants. Established in 2016, the firm provides low-latency execution, deep-book liquidity, and customizable trading tools designed to optimize the performance of high-volume strategies. IUX remains committed to innovation, transparency, and the continuous advancement of trading infrastructure.

For more information: IUX