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iHuman Inc. Announces Fourth Quarter and Fiscal Year 2025 Unaudited Financial Results

BEIJING, March 31, 2026 /PRNewswire/ — iHuman Inc. (NYSE: IH) (“iHuman” or the “Company”), a leading provider of tech-powered, intellectual development products in China, today announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2025. 

Fourth Quarter 2025 Highlights

  • Revenues were RMB190.7 million (US$27.3 million), compared with RMB232.7 million in the same period last year.
  • Gross profit was RMB127.5 million (US$18.2 million), compared with RMB156.4 million in the same period last year.
  • Operating income was RMB9.0 million (US$1.3 million), compared with RMB14.9 million in the same period last year.
  • Net income was RMB15.4 million (US$2.2 million), compared with RMB26.5 million in the same period last year.
  • Average total MAUs[1] for the fourth quarter were 23.57 million, compared with 25.78 million in the same period last year.

Fiscal Year 2025 Highlights

  • Revenues were RMB807.0 million (US$115.4 million), compared with RMB922.2 million in fiscal year 2024.
  • Gross profit was RMB547.6 million (US$78.3 million), compared with RMB640.2 million in fiscal year 2024.
  • Operating income was RMB66.8 million (US$9.5 million), compared with RMB71.9 million in fiscal year 2024.
  • Net income was RMB95.4 million (US$13.6 million), compared with RMB98.6 million in fiscal year 2024.
  • Average total MAUs were 24.98 million, compared with 26.47 million in fiscal year 2024.

[1] “Average total MAUs” refers to the monthly average of the sum of the MAUs of each of the Company’s apps during a specific period, which is counted based on the number of unique mobile devices through which such app is accessed at least once in a given month, and duplicate access to different apps is not eliminated from the total MAUs calculation.

Dr. Peng Dai, Director and Chief Executive Officer of iHuman, commented, “During the fourth quarter, we effectively executed our key strategic initiatives, maintaining operational resilience amid a complex environment. As shifting demographic trends reshape the childhood education landscape, we have proactively evolved our product portfolio to ensure long-term sustainability.

A cornerstone of this evolution is our strategic expansion into broader user segments. In the fourth quarter, we launched FreeTalk, an AI-native oral English application designed for a broad spectrum of learners seeking to improve their spoken English across general, academic, and professional contexts. By providing on-demand access to highly realistic AI-powered digital tutors, FreeTalk effectively lowers the barriers to mastering spoken English while creating a flexible, judgment-free environment that helps mitigate speaking anxiety. At the same time, the app allows users to progress through structured learning materials at their own pace and tailor learning content to their individual needs, significantly improving learning efficiency. Powered by advanced speech recognition and generative AI, the platform helps strengthen overall English communication skills by delivering immersive, guided dialogue with real-time adaptive feedback, helping learners refine their pronunciation, fluency, grammar, and vocabulary across a wide range of real-world scenarios. The launch of FreeTalk marks a significant milestone in our strategic expansion beyond childhood education, broadening our total addressable market, extending the user lifecycle, and diversifying our long-term growth opportunities.

Alongside these initiatives, we continued to drive product innovation across our core offerings. Within iHuman Chinese, we introduced a new interactive “Animal Park” module designed around an innovative learning cycle that combines knowledge discovery with built-in review. Children can unlock different animals as they master new Chinese characters, while reinforcement is seamlessly embedded into frequent, engaging interactions such as feeding and cleaning. By integrating literacy learning with edutainment-driven progression, the module adds elements of joy and motivation that enhance engagement and reinforce learning outcomes. We also expanded our smart device portfolio with iHuman AI Bilingual Early Learning Tablet. This device offers families a secure, one-stop learning solution that integrates our comprehensive content ecosystem of stories, animations, songs, and interactive activities. In addition, the tablet features certified eye-protection capabilities and a child-friendly form factor, promoting healthy usage habits while fostering a genuine love of learning.

Our Kunpeng Animation Studio continued to make steady progress in advancing our original animation content and IP. Building on the success of the first Cosmicrew movie, we recently launched the franchise’s second installment Ice Planet, further strengthening its presence among young audiences. To complement the movie’s theatrical screenings, we organized a series of offline fan engagement activities, creating opportunities for children to interact directly with the characters. These in-person experiences extended engagement beyond the screen, deepening audience connection and brand affinity.

Looking into 2026, we will continue to execute with focus and discipline, advancing our product innovation, content strength, and technology to further enhance user experience and learning effectiveness. While navigating an evolving environment, we remain committed to prudent operations and long-term sustainability, with the aim of creating enduring value for users and shareholders.”

Ms. Vivien Weiwei Wang, Director and Chief Financial Officer of iHuman, added, “During the quarter, we made solid progress in our international expansion with our global offerings gaining broader market recognition. Aha World, our open-ended, creativity-driven digital world designed to encourage exploration and imagination, delivered particularly strong performance. From Thanksgiving through the New Year period, daily active users (DAUs) on the U.S. Apple App Store increased by approximately 30%, highlighting the product’s growing appeal in the largest overseas market and its long-term growth potential. In addition, Reading Stars, the innovative reading product we developed in collaboration with Cricket Media, has quickly gained industry recognition for its high-quality content and innovative design. The product was recently honored with both the U.S. National Parenting Product Awards (NAPPA) and the Mom’s Choice Awards (MCA), demonstrating the strong endorsement of our products by the U.S. market.

Reflecting our confidence in the business and commitment to shareholder returns, our board of directors has approved a special cash dividend of US$0.02 per ordinary share, or US$0.10 per American Depositary Share (ADS), totaling approximately US$5.1 million. This marks the third consecutive year in which we have declared a special cash dividend, reflecting the structural sustainability of our financial performance.

Looking ahead, we are encouraged by our resilient business performance and believe our differentiated, content-driven portfolio positions us well to continue building our global presence and creating long-term value.”

Fourth Quarter 2025 Unaudited Financial Results

Revenues

Revenues were RMB190.7 million (US$27.3 million), compared with RMB232.7 million in the same period last year. The decrease in revenues was primarily due to the decline in China’s newborn population and more conservative consumer spending.

Average total MAUs for the quarter were 23.57 million, compared with 25.78 million in the same period last year. The decrease in MAUs was primarily due to the decline in China’s newborn population.

Cost of Revenues

Cost of revenues was RMB63.2 million (US$9.0 million), compared with RMB76.2 million in the same period last year. The decline in cost of revenues was in line with the decrease in revenues.

Gross Profit and Gross Margin

Gross profit was RMB127.5 million (US$18.2 million), compared with RMB156.4 million in the same period last year. Gross margin was 66.9%, compared with 67.2% in the same period last year.

Operating Expenses

Total operating expenses were RMB118.5 million (US$16.9 million), a decrease of 16.3% from RMB141.5 million in the same period last year.

Research and development expenses were RMB44.9 million (US$6.4 million), a decrease of 29.0% from RMB63.3 million in the same period last year, primarily due to savings in payroll-related expenses.

Sales and marketing expenses were RMB52.7 million (US$7.5 million), compared with RMB54.1 million in the same period last year.

General and administrative expenses were RMB20.8 million (US$3.0 million), a decrease of 13.7% from RMB24.1 million in the same period last year, primarily due to savings in payroll-related and other administrative expenses.

Operating Income

Operating income was RMB9.0 million (US$1.3 million), compared with RMB14.9 million in the same period last year.

Net Income

Net income was RMB15.4 million (US$2.2 million), compared with RMB26.5 million in the same period last year.

Basic and diluted net income per ADS were RMB0.30 (US$0.04) and RMB0.29 (US$0.04), respectively, compared with RMB0.51 and RMB0.49 in the same period last year. Each ADS represents five Class A ordinary shares of the Company.

Deferred Revenue and Customer Advances

Deferred revenue and customer advances were RMB219.9 million (US$31.4 million) as of December 31, 2025, compared with RMB283.3 million as of December 31, 2024.

Cash, Cash Equivalents and Short-term Investments

Cash, cash equivalents and short-term investments were RMB1,151.1 million (US$164.6 million) as of December 31, 2025, compared with RMB1,168.7 million as of December 31, 2024.

Fiscal Year 2025 Unaudited Financial Results

Revenues

Revenues were RMB807.0 million (US$115.4 million), compared with RMB922.2 million in fiscal year 2024. The decrease in revenues was primarily due to the decline in China’s newborn population and more conservative consumer spending.

Average total MAUs were 24.98 million, compared with 26.47 million in fiscal year 2024. The decrease in MAUs was primarily due to the decline in China’s newborn population.

Cost of Revenues

Cost of revenues was RMB259.4 million (US$37.1 million), compared with RMB282.0 million in fiscal year 2024. The decline in cost of revenues was in line with the decrease in revenues.

Gross Profit and Gross Margin

Gross profit was RMB547.6 million (US$78.3 million), compared with RMB640.2 million in fiscal year 2024. Gross margin was 67.9%, compared with 69.4% in fiscal year 2024. The decrease in gross margin was mainly due to the diversification and structural upgrades of the Company’s product portfolio.

Operating Expenses

Total operating expenses were RMB480.9 million (US$68.8 million), a decrease of 15.4% from RMB568.2 million in fiscal year 2024.

Research and development expenses were RMB208.4 million (US$29.8 million), a decrease of 15.9% from RMB247.8 million in fiscal year 2024, primarily due to savings in payroll-related expenses.

Sales and marketing expenses were RMB181.0 million (US$25.9 million), a decrease of 18.2% from RMB221.2 million in fiscal year 2024, primarily due to cost savings in marketing activities.

General and administrative expenses were RMB91.4 million (US$13.1 million), a decrease of 7.9% from RMB99.3 million in fiscal year 2024, primarily due to savings in payroll-related and other administrative expenses.

Operating Income

Operating income was RMB66.8 million (US$9.5 million), compared with RMB71.9 million in fiscal year 2024.

Net Income

Net income was RMB95.4 million (US$13.6 million), compared with RMB98.6 million in fiscal year 2024.

Basic and diluted net income per ADS were RMB1.86 (US$0.27) and RMB1.78 (US$0.25), respectively, compared with RMB1.88 and RMB1.82 in fiscal year 2024. Each ADS represents five Class A ordinary shares of the Company.

Special Cash Dividend

To deliver return of capital to shareholders, the Company’s board of directors (the “Board”) approved a special cash dividend of US$0.02 per ordinary share, or US$0.10 per ADS, to holders of ordinary shares and holders of ADSs as of the close of business on April 17, 2026 New York Time, payable in U.S. dollars. The aggregate amount of the special dividend will be approximately US$5.1 million. The payment date is expected to be on or around May 8, 2026 and May 15, 2026 for holders of ordinary shares and holders of ADSs, respectively.

Exchange Rate Information

The U.S. dollar (US$) amounts disclosed in this press release, except for those transaction amounts that were actually settled in U.S. dollars, are presented solely for the convenience of the reader. The conversion of Renminbi (RMB) into US$ in this press release is based on the exchange rate set forth in the H.10 statistical release of the Board of Governors of the Federal Reserve System as of December 31, 2025, which was RMB6.9931 to US$1.00. The percentages stated in this press release are calculated based on the RMB amounts.

Non-GAAP Financial Measures

iHuman considers and uses non-GAAP financial measures, such as adjusted operating income, adjusted net income and adjusted diluted net income per ADS, as supplemental metrics in reviewing and assessing its operating performance and formulating its business plan. The presentation of non-GAAP financial measures is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”). iHuman defines adjusted operating income, adjusted net income and adjusted diluted net income per ADS as operating income, net income and diluted net income per ADS excluding share-based compensation expenses, respectively. Adjusted operating income, adjusted net income and adjusted diluted net income per ADS enable iHuman’s management to assess its operating results without considering the impact of share-based compensation expenses, which are non-cash charges. iHuman believes that these non-GAAP financial measures provide useful information to investors in understanding and evaluating the Company’s current operating performance and prospects in the same manner as management does, if they so choose.

Non-GAAP financial measures are not defined under U.S. GAAP and are not presented in accordance with U.S. GAAP. Non-GAAP financial measures have limitations as analytical tools, which possibly do not reflect all items of expense that affect our operations. Share-based compensation expenses have been and may continue to be incurred in our business and are not reflected in the presentation of the non-GAAP financial measures. In addition, the non-GAAP financial measures iHuman uses may differ from the non-GAAP measures used by other companies, including peer companies, and therefore their comparability may be limited. The presentation of these non-GAAP financial measures is not intended to be considered in isolation from or as a substitute for the financial information prepared and presented in accordance with GAAP.

Safe Harbor Statement

This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. Statements that are not historical facts, including statements about iHuman’s beliefs and expectations, are forward-looking statements. Among other things, the description of the management’s quotations in this announcement contains forward-looking statements. iHuman may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission (the “SEC”), in its annual report to shareholders, in press releases and other written materials, and in oral statements made by its officers, directors or employees to third parties. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: iHuman’s growth strategies; its future business development, financial condition and results of operations; its ability to continue to attract and retain users, convert non-paying users into paying users and increase the spending of paying users, the trends in, and size of, the market in which iHuman operates; its expectations regarding demand for, and market acceptance of, its products and services; its expectations regarding its relationships with business partners; general economic and business conditions; regulatory environment; and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in iHuman’s filings with the SEC. All information provided in this press release is as of the date of this press release, and iHuman does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

About iHuman Inc.

iHuman Inc. is a leading provider of tech-powered, intellectual development products in China that is committed to making the child-upbringing experience easier for parents and transforming intellectual development into a fun journey for children. Benefiting from a deep legacy that combines nearly three decades of experience in the parenthood industry, superior original content, advanced high-tech innovation DNA and research & development capabilities with cutting-edge technologies, iHuman empowers parents with tools to make the child-upbringing experience more efficient. iHuman’s unique, fun and interactive product offerings stimulate children’s natural curiosity and exploration. The Company’s comprehensive suite of innovative and high-quality products include self-directed apps, interactive content and smart devices that cover a broad variety of areas to develop children’s abilities in speaking, critical thinking, independent reading and creativity. Leveraging advanced technological capabilities, including 3D engines, AI/AR functionality, and big data analysis on children’s behavior & psychology, iHuman believes it will continue to provide superior experience that is efficient and relieving for parents, and effective and fun for children, in China and all over the world, through its integrated suite of tech-powered, intellectual development products.

For more information about iHuman, please visit: https://ir.ihuman.com/

For investor and media enquiries, please contact:

iHuman Inc.
Mr. Justin Zhang
Investor Relations Director
Phone: +86-10-5780-6606
E-mail: ir@ihuman.com

Christensen Advisory
Ms. Alice Li
Phone: +86-10-5900-1548
E-mail: ihumangroup@christensencomms.com

 

 

 

iHuman Inc.

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS

(Amounts in thousands of Renminbi (“RMB”) and U.S. dollars (“US$”)

except for number of shares, ADSs, per share and per ADS data)

December 31,

December 31,

December 31,

2024

2025

2025

RMB

RMB

US$

ASSETS

Current assets

Cash and cash equivalents 

1,123,292

1,151,120

164,608

Short-term investments

45,457

–

–

Accounts receivable, net

52,030

47,070

6,731

Inventories, net

23,475

21,388

3,058

Amounts due from related parties

2,051

4,314

617

Prepayments and other current assets

89,512

74,483

10,651

Total current assets

1,335,817

1,298,375

185,665

Non-current assets

Property and equipment, net

3,476

2,563

367

Intangible assets, net

16,429

17,634

2,522

Operating lease right-of-use assets

14,885

11,586

1,657

Long-term investment

26,333

26,333

3,766

Other non-current assets

22,701

11,864

1,696

Total non-current assets

83,824

69,980

10,008

Total assets

1,419,641

1,368,355

195,673

LIABILITIES

Current liabilities

Accounts payable

30,233

25,083

3,587

Deferred revenue and customer advances

283,251

219,913

31,447

Amounts due to related parties

1,734

1,066

152

Accrued expenses and other current liabilities

126,501

115,749

16,552

Dividend payable

2,164

–

–

Current operating lease liabilities

3,661

2,166

310

Total current liabilities

447,544

363,977

52,048

Non-current liabilities

Non-current operating lease liabilities

11,252

9,208

1,317

Total non-current liabilities

11,252

9,208

1,317

Total liabilities

458,796

373,185

53,365

SHAREHOLDERS’ EQUITY

Ordinary shares (par value of US$0.0001 per share,

     700,000,000 Class A shares authorized as of

     December 31, 2024 and December 31, 2025;

     125,122,382 Class A shares issued and 116,084,207

     outstanding as of December 31, 2024; 125,122,382

     Class A shares issued and 111,541,887 outstanding as

     of December 31, 2025; 200,000,000 Class B shares

     authorized, 144,000,000 Class B ordinary shares

     issued and outstanding as of December 31, 2024 and

     December 31, 2025; 100,000,000 shares

     (undesignated) authorized, nil shares (undesignated)

     issued and outstanding as of December 31, 2024 and

     December 31, 2025)

185

186

27

Additional paid-in capital

996,657

960,641

137,370

Treasury stock

(26,296)

(43,483)

(6,218)

Statutory reserves

8,395

8,463

1,210

Accumulated other comprehensive income

24,009

16,134

2,307

Retained earnings (accumulated deficit)

(42,105)

53,229

7,612

Total shareholders’ equity

960,845

995,170

142,308

Total liabilities and shareholders’ equity

1,419,641

1,368,355

195,673

 

 

iHuman Inc.

UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(Amounts in thousands of Renminbi (“RMB”) and U.S. dollars (“US$”)

except for number of shares, ADSs, per share and per ADS data)

For the three months ended

For the year ended

December 31,

September 30,

December 31,

December 31,

December 31,

December 31,

December 31,

2024

2025

2025

2025

2024

2025

2025

RMB

RMB

RMB

US$

RMB

RMB

US$

Revenues

232,684

205,764

190,654

27,263

922,201

807,019

115,402

Cost of revenues

(76,243)

(65,134)

(63,198)

(9,037)

(282,048)

(259,409)

(37,095)

Gross profit

156,441

140,630

127,456

18,226

640,153

547,610

78,307

Operating expenses

Research and development expenses

(63,308)

(55,294)

(44,930)

(6,425)

(247,757)

(208,443)

(29,807)

Sales and marketing expenses

(54,109)

(45,720)

(52,715)

(7,538)

(221,230)

(180,969)

(25,878)

General and administrative expenses

(24,106)

(22,949)

(20,808)

(2,976)

(99,254)

(91,442)

(13,076)

Total operating expenses

(141,523)

(123,963)

(118,453)

(16,939)

(568,241)

(480,854)

(68,761)

Operating income

14,918

16,667

9,003

1,287

71,912

66,756

9,546

Other income, net

12,245

5,318

6,941

993

38,689

35,033

5,010

Income before income taxes

27,163

21,985

15,944

2,280

110,601

101,789

14,556

Income tax expenses

(682)

(400)

(534)

(76)

(12,012)

(6,387)

(913)

Net income

26,481

21,585

15,410

2,204

98,589

95,402

13,643

Net income per ADS:

   – Basic

0.51

0.42

0.30

0.04

1.88

1.86

0.27

   – Diluted

0.49

0.40

0.29

0.04

1.82

1.78

0.25

Weighted average number of ADSs:

   – Basic

52,097,127

51,201,957

51,105,266

51,105,266

52,400,383

51,395,037

51,395,037

   – Diluted

53,965,183

53,434,919

53,305,240

53,305,240

54,239,751

53,522,994

53,522,994

Total share-based compensation expenses included in:

Cost of revenues

18

8

6

1

106

31

4

Research and development expenses

273

87

98

14

1,303

362

52

Sales and marketing expenses

34

16

14

2

164

62

9

General and administrative expenses

229

85

83

12

1,251

267

38

 

 

iHuman Inc.

UNAUDITED RECONCILIATION OF GAAP AND NON-GAAP RESULTS

(Amounts in thousands of Renminbi (“RMB”) and U.S. dollars (“US$”)

except for number of shares, ADSs, per share and per ADS data)

For the three months ended

For the year ended

December 31,

September 30,

December 31,

December 31,

December 31,

December 31,

December 31,

2024

2025

2025

2025

2024

2025

2025

RMB

RMB

RMB

US$

RMB

RMB

US$

Operating income

14,918

16,667

9,003

1,287

71,912

66,756

9,546

Share-based compensation expenses

554

196

201

29

2,824

722

103

Adjusted operating income

15,472

16,863

9,204

1,316

74,736

67,478

9,649

Net income

26,481

21,585

15,410

2,204

98,589

95,402

13,643

Share-based compensation expenses

554

196

201

29

2,824

722

103

Adjusted net income

27,035

21,781

15,611

2,233

101,413

96,124

13,746

Diluted net income per ADS

0.49

0.40

0.29

0.04

1.82

1.78

0.25

Impact of non-GAAP adjustments

0.01

0.01

0.00

0.00

0.05

0.02

0.01

Adjusted diluted net income per ADS

0.50

0.41

0.29

0.04

1.87

1.80

0.26

Weighted average number of ADSs – diluted

53,965,183

53,434,919

53,305,240

53,305,240

54,239,751

53,522,994

53,522,994

Weighted average number of ADSs – adjusted

53,965,183

53,434,919

53,305,240

53,305,240

54,239,751

53,522,994

53,522,994

 

EDC announces CAD$360 million financing package for SK ecoplant

First transaction with SK ecoplant following EDC’s Market Leader Partnership with SK Group, South Korea’s second‑largest conglomerate; the deal is supported by Standard Chartered

OTTAWA, ON, March 31, 2026 /PRNewswire/ — Today, Export Development Canada (EDC) is announcing KRW 390 billion (approximately CAD$360 million) in financing to SK ecoplant, SK Group’s AI infrastructure solution provider. This marks EDC’s first financial guarantee transaction with SK ecoplant and builds on EDC’s broader strategic relationship with SK Group. It is the first transaction following the Market Leader Partnership (MLP) memorandum of understanding (MOU) signed with SK Inc. in 2024.

As part of the SK Inc.–EDC MOU, EDC and SK ecoplant recently concluded a MLP MOU to formalize their collaboration and advance export trade between Canada and South Korea in key sectors of focus, including advanced manufacturing, digital technology, infrastructure, energy and critical minerals. SK ecoplant’s parent company, SK Group, is South Korea’s second‑largest conglomerate, after Samsung, with operations across semiconductors, energy, telecommunications and digital infrastructure, including AI‑related data centres.

“I am delighted to witness the signing of the first transaction under EDC’s Market Leader Partnership with SK Group and SK ecoplant,” said The Honourable Maninder Sidhu, Canada’s Minister of International Trade. “Today’s news represents a key milestone in strengthening Canada–South Korea commercial ties. This collaboration is creating new opportunities for Canadian businesses while supporting sustainable growth and resilient supply chains.”

This transaction with SK ecoplant includes a KRW 292.5 billion (approximately CAD$270 million) EDC guaranteed facility with its banking partner, Standard Chartered as an ECA coordinator and a covered lender, who will also provide an additional KRW 97.5 billion (approximately CAD$90 million) commercial facility to SK ecoplant.

The financing is set to support SK ecoplant’s general corporate purposes including investments and projects focused on semiconductor manufacturing and data centre development.

“Our partnership with SK group is founded on joint recognition of the tremendous potential for trade growth between our countries, and this first transaction with SK ecoplant is a concrete example of how we can help realize that potential,” said Alison Nankivell, President and CEO of Export Development Canada. “Canada has significant capabilities in the advanced manufacturing and digital infrastructure space, and this financing will create supply chain opportunities with a leading company in one of the Asia-Pacific’s most promising markets.”

Denominated in Korean Won, the local‑currency financing is designed to help SK ecoplant manage foreign‑exchange risk effectively.

EDC’s support in South Korea has grown significantly, with total business facilitated increasing from approximately CAD$910 million in 2024 to CAD$1.35 billion in 2025. This includes a sharp increase in financing support, which rose more than tenfold from CAD$17.9 million to CAD$201.3 million over the same period. EDC supports more than 300 customers in South Korea annually. This growth has been supported by EDC’s expanded in‑market presence, including the opening of its representation in South Korea in 2023.

EDC is committed to deepen relationships with market leaders like SK Group in priority Asia-Pacific markets such as South Korea.

“SK ecoplant will utilize this CAD$360 million transaction with EDC and Standard Chartered to support our semiconductor and data centre projects,” said Chai Joon-sik, CFO of SK ecoplant. “This goes beyond a simple financial transaction and marks a new beginning for advanced manufacturing collaboration between Canada and Korea.”

South Korea is Canada’s seventh-largest merchandise trading partner and third-largest in Asia. For 2025, bilateral merchandise trade between Canada and Korea remained robust at CAD$24.36 billion.

Canada exported CAD$7.1 billion in merchandise to Korea in 2025. As bilateral trade continues to grow, new opportunities are emerging for Canadian companies in agri‑food, seafood, advanced manufacturing, energy and clean technology.

The Canada–Korea Free Trade Agreement, Canada’s first free trade agreement with an Asia‑Pacific nation signed in 2015, and the Comprehensive Strategic Partnership established in 2022 have strengthened bilateral ties and supported greater market access for Canadian exporters in South Korea.

South Korea is the fourth-largest economy in Asia, with a nominal gross domestic product (GDP) of US$1.86 trillion in 2025. 

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

Media Contact: Media | Export Development Canada, 1-888-222-4065, media@edc.ca

ECARX Hosts 2026 Global Partner Conference, Accelerating Innovation-Led Global Expansion

LONDON, March 31, 2026 /PRNewswire/ — ECARX Holdings Inc. (NASDAQ: ECX) (“ECARX” or the “Company”), a global mobility tech provider, recently hosted its 2026 Global Partner Conference. The event brought together over 220 strategic automotive, technology, and supply chain ecosystem partners from across the globe to align on a shared vision for collaborative innovation to drive the next phase of software-defined mobility.

During the keynote address, Ziyu Shen, Chairman and CEO of ECARX, affirmed that the Company has reached a critical strategic inflection point and is now executing the next phase of its evolution, which will focus on global expansion and investing in its R&D roadmap and the development of next-generation computing platforms and intelligent driving solutions.

Mr. Shen stated, “Automotive companies in China, Europe, and the Americas are increasingly seeking high-performance intelligent solutions supported by a resilient supply chain ecosystem to navigate the transition from feature-centric to intelligence-centric vehicle experiences. Leveraging our extensive ecosystem of partners, we are uniquely positioned to collaboratively innovate and capitalize on the enormous opportunities this will create. Together, we can push the boundaries of automotive intelligence globally.”

“We are rapidly transforming into a truly global technology provider, with clear targets to meaningfully increase our international revenue share by the end of the decade,” added Mr. Shen. “By leveraging our cutting-edge, cost-effective solutions, we are unlocking growth opportunities from existing and new partnerships that demonstrate the replicability and scalability of our solutions across diversified platforms and geographies.”

ECARX’s diverse portfolio of solutions continues to drive strong sales growth for best-selling partner vehicle models, allowing it to deepen the penetration rate of its solutions across their vehicle lineups. Underpinning this expansion is ECARX’s powerful vertical integration, which spans across the entire value chain from hardware, such as chips and computing platforms, to software, including operating systems and AI services.

At the conference, ECARX showcased the robust performance of the flagship solutions gaining strong traction globally and how they address the evolving needs of leading automakers worldwide.

  • ECARX Antora® series computing platforms: As a cornerstone of ECARX’s hardware innovation, this platform was designed from the ground up to meet automotive safety requirements around the world and has already achieved large-scale mass production with over 1.1 million units delivered to date. The platform provides automakers with the flexibility to scale cost-effective, turnkey solutions across diverse vehicle segments, from entry-level models to premium intelligent cockpits.
  • Cloudpeak® cross-domain software stack: A unified, cross-domain software foundation that delivers a seamlessly localized, multi-device intelligent cockpit experience. It offers native smartphone integration (Android Auto, Apple CarPlay) and drastically streamlines ecosystem connectivity, notably reducing development and certification times for Google Automotive Services by up to 50%.

About ECARX

ECARX (Nasdaq: ECX) is a global automotive technology provider with capabilities to deliver turnkey solutions for next–generation smart vehicles, from the system–on–a–chip (SoC) to central computing platforms and software. As automakers develop new vehicle architectures, ECARX is developing full–stack solutions to enhance the user experience while reducing complexity and cost.

Founded in 2017 and listed on the Nasdaq stock exchange in 2022, ECARX now has over 1,400 employees based in 13 major locations in UK, USA, Brazil, Singapore, Malaysia, Sweden, China and Germany. To date, ECARX products and services can be found in approximately 11 million vehicles worldwide.

 

Bangkok announced as Host City of the inaugural Eurovision Song Contest Asia 2026

The Grand Final of Eurovision Song Contest Asia 2026 will take place on 14 November 2026 in Bangkok, Thailand, marking the arrival of the world’s most iconic music competition in Asia.


BANGKOK, THAILAND – Media OutReach Newswire – 31 March 2026 – The European Broadcasting Union (EBU) and Voxovation together with Thailand’s S2O Productions and Channel 3 today announced the debut of Eurovision Song Contest Asia in 2026, with Bangkok selected as the Host City for its inaugural edition, bringing together ten countries across Asia.

Martin Green, Director of Eurovision Song Contest (left) presents the Eurovision Song Contest Asia 2026 trophy to Chuwit Sirivajjakul, Deputy Governor for Policy and Planning, Tourism Authority Thailand (centre) for safekeeping on behalf of host city Bangkok until the Grand Final in November, accompanied by Peter Settman, CEO & Co-Founder of Voxovation (right).
Martin Green, Director of Eurovision Song Contest (left) presents the Eurovision Song Contest Asia 2026 trophy to Chuwit Sirivajjakul, Deputy Governor for Policy and Planning, Tourism Authority Thailand (centre) for safekeeping on behalf of host city Bangkok until the Grand Final in November, accompanied by Peter Settman, CEO & Co-Founder of Voxovation (right).

South Korea, Thailand, the Philippines and Vietnam are confirmed alongside Malaysia, Cambodia and Laos, as well as Bangladesh, Nepal and Bhutan, with more countries expected to join as the competition expands.

Bringing the world’s largest live TV event to Asia, Eurovision Song Contest is now opening a new chapter shaped by the region’s diversity, creativity and cultural identity, and grounded in the same spirit that has always defined the contest: United by Music.

ZOOP is the revolutionary new social media platform launching globally on 9th of April with a dedicated channel covering the new Eurovision Song Contest Asia. ZOOP will place the audience at the centre of the action, driving participation, community and interaction, with cutting-edge technology behind the experience.

Evolving Eurovision Song Contest with Asia

For seven decades, the Eurovision Song Contest has brought countries together through music, storytelling and live television, reaching audiences of hundreds of millions every year.

“Evolving Eurovision Song Contest with Asia.” From left: Peter Settman, CEO and Founder of Voxovation, Martin Green, Director of Eurovision Song Contest, and Marcus Tang, CEO Asia, Voxovation.
“Evolving Eurovision Song Contest with Asia.” From left: Peter Settman, CEO and Founder of Voxovation, Martin Green, Director of Eurovision Song Contest, and Marcus Tang, CEO Asia, Voxovation.

Now, in collaboration with leading broadcasters and production companies across Asia, Eurovision Song Contest Asia will build on that legacy, creating a new shared stage where cultures meet, voices are amplified, and creative communities connect across borders.

Rooted in the same spirit that has defined Eurovision Song Contest for generations, the contest carries forward a simple but powerful idea, connecting people through music and shared experiences. In Asia, that idea will take on new meaning, shaped by the region’s extraordinary diversity and creative energy.

Martin Green, Director of the Eurovision Song Contest, said:

“As we mark the 70th anniversary of the Eurovision Song Contest, it feels especially meaningful to open this next chapter with Asia, a region rich in culture, creativity and talent.

This is about evolving the show together with Asia, building something that reflects the voices, identities and ambitions of the region, while staying true to what has always made the Contest special.

Eurovision Song Contest Asia will be shaped by the artists, broadcasters and audiences who make it their own, continuing our shared journey of being United by Music.”

Shaping the Future of Eurovision Song Contest in Asia

Designed to grow with the region, the format brings together countries representing more than 600 million people. With no comparable pan-Asian platform today, it is set to become one of the region’s most talked-about entertainment events.

Powered by exclusive social partner ZOOP, the contest will introduce a fan participation platform where audiences do more than watch. ZOOP gives fans new ways to engage with artists, join communities, and be recognised and rewarded for real participation, while helping create a more direct and meaningful connection between talent and audience.

Peter Settman, CEO & Co-Founder of Voxovation, the exclusive licensee of Eurovision Song Contest Asia said:

“From day one, our ambition has been to build the Eurovision Song Contest Asia together with the region’s best creative talent, creating a show that truly reflects Asia’s identity and creative energy.

Together with S2O Productions, we are shaping a show where artists and fans connect across borders in new ways, through participation, community and deeper engagement beyond the stage, with ZOOP helping bring that fan experience to life.

To bring this incredible show to a new continent is something very special. I look forward to millions of people in Asia watching the competition and singing in front of the TV, dancing to the performances and predicting the outcome.”

Bangkok: Where Tradition Meets Tomorrow

Bangkok is a city where tradition and modern expression coexist seamlessly, it offers a natural home for a contest built on diversity and exchange, connecting artists and audiences from across the region and beyond.

The Contest will be broadcasted in partnership with Thailand’s Channel 3, alongside broadcasters from at least 10 countries across Asia, each bringing their own voice, identity and storytelling to the stage.

Hosting Eurovision Song Contest Asia is expected to generate strong international visibility for Bangkok, while supporting tourism, job creation and the continued growth of Thailand’s creative industries.

Thailand Welcomes The Region And The World

Eurovision Song Contest Asia will provide a powerful platform for artists to share their music, stories and identities with audiences across the region and globally, strengthening cultural exchange between Asia and Europe.

The event further reinforces Thailand’s position as a destination for world-class cultural and entertainment experiences.

Chuwit Sirivajjakul, Deputy Governor for Policy and Planning, at the Tourism Authority said:

“When I heard that the European Broadcasting Union and Voxovation were considering Bangkok as the home for the Eurovision Song Contest Asia, I thought, of course, it should be Bangkok, because this city has always been a place where cultures come together, where music fills the air, and where celebration is part of everyday life.

It is a place where tradition and innovation do not compete. They collaborate. That is the spirit of Eurovision, which celebrates the unity of diverse musical voices from across Asia and beyond.

We believe travel is in the moments that restore you, inspire you, and connect you to something larger than yourself. Eurovision Song Contest Asia embodies exactly that, and we are proud to welcome it home, marking a new chapter for Thailand’s global presence.”

Participating Countries

The inaugural Eurovision Song Contest Asia will bring together broadcasters from across the region, each representing their country with original music and national talent.

Confirmed participating broadcasters include:

Thailand — Channel 3 produced by S2O productions

South Korea

Philippines — ABS-CBN Corporation

Vietnam — Vietnam Television (VTV3) produced by Dao Music Entertainment

Malaysia — Media Prima (TV3)

Cambodia — TV5 Cambodia produced by GIGIL Cambodia

Laos — Vientiane Capital Television (VTE9) produced by 3SD Group & SG Music

Bangladesh — NTV produced by Bongo Holdings

Nepal — Himalaya TV produced by Saujanya Media

Bhutan — Bhutan Broadcasting Service (BBS)

Additional countries and broadcasters are expected to be announced in the coming weeks as the line-up continues to expand.

Journey to the Grand Final

The Grand Final of Eurovision Song Contest Asia 2026 is scheduled to take place in Bangkok on 14 November 2026.

Be part of the journey and follow Eurovision Song Contest Asia at www.eurovisionasia.com

Hashtag: #Voxovation

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

About the European Broadcasting Union (EBU)

The European Broadcasting Union (EBU) is the world’s leading alliance of public service media, representing over 110 member organizations in more than 50 countries, with an additional 30+ associates worldwide. The EBU operates Eurovision, the premier global media exchange network, and produces the Eurovision Song Contest, one of the world’s most watched live entertainment events, reaching hundreds of millions of viewers annually. Through its work, the EBU supports collaboration, innovation and the sharing of high-quality content across borders.

About Voxovation

Voxovation is a global entertainment company focused on developing, producing and scaling large-format television and live events. Founded by industry leaders with extensive experience in international entertainment formats, Voxovation specializes in bringing globally recognized IP to new markets and building original formats that connect audiences across cultures. The company is the exclusive licensee of Eurovision Song Contest Asia and is leading its development, production and commercialization across the region.

About S2O Productions

S2O, one of Asia’s most iconic live entertainment and production companies known for delivering large-scale events and premium experiences across Asia. Renowned for its world-class production, immersive water elements, and high-energy experiences, S2O will bring its creative and technical expertise to reimagine the Eurovision format for audiences across the Asian region and beyond. As a production partner for Eurovision Song Contest Asia, S2O will support the delivery of world-class live experiences in Bangkok.

About ZOOP

ZOOP is a next-generation social platform designed to connect creators, fans and communities through interactive digital experiences. As the exclusive social partner of Eurovision Song Contest Asia, ZOOP powers fan engagement across the platform, enabling participation, content interaction and community-driven experiences at scale. Built on Hedera technology, ZOOP delivers secure, transparent and scalable infrastructure for digital engagement, bringing audiences closer to the action than ever before.

For media enquiries on ZOOP, contact:

Reliable, Compliant, Globally Supported: NOARK Data Center Power Solutions for North America

DALLAS, Texas, March 31, 2026 /PRNewswire/ — The North American data center market is experiencing unprecedented growth, driven by the surge in cloud computing, AI applications, and increasing demand for high-performance digital infrastructure. As data consumption rises, operators face growing pressure to expand capacity quickly, maintain high reliability, and ensure operational safety, all while keeping construction timelines tight and managing costs. This rapid expansion creates a critical need for efficient, reliable, and compliant solutions that can support large-scale deployments.


NOARK addresses these challenges by providing data center power solutions supported by the global supply chain, combining robust logistics, short delivery cycles, and high safety and reliability standards. These solutions help data center operators overcome logistical hurdles, accelerate deployment, and maintain uninterrupted operations, meeting both performance and safety demands in an increasingly complex market.

Global Supply Chain : Rapid Delivery and industry-leading Reliability

Leveraging the strength of the global integrated supply chain, NOARK can help clients in North America receive a consistent and reliable supply of products and solutions. By coordinating production, logistics, and quality control across the global network, NOARK ensures projects stay on schedule without compromising component quality. Customers benefit from a seamless supply experience, rapid delivery and industry-leading reliability backed by the confidence of a trusted global group. In a North American data center project, the delivery was completed two months ahead of the agreed schedule,going beyond the customer’s expected timeline.

Agile Collaboration and Global Resource Integration

The R&D design team of NOARK, working closely with its local team, conducts rapid analysis and breakdown of customer requirements, ensuring solutions are precisely tailored to client needs. The team efficiently designs, develops, and delivers both products and integrated solutions. This collaborative approach reflects NOARK’s commitment to high-performance teamwork, agile execution, and customer-centric service, enabling clients to implement projects quickly and confidently.

Short Delivery Cycles: Meeting Time-Sensitive Project Needs

Time is critical in large-scale data center projects. NOARK’s efficient production and logistics capabilities enable short lead times, allowing project teams to stay on track and meet demanding construction timelines. By reducing waiting periods for essential equipment, NOARK helps data centers accelerate deployment, avoid costly delays, and get systems online faster.

High Reliability and Safety: Protecting Mission-Critical Operations

In the high-stakes environment of data centers, safety and reliability are paramount. For instance, the NOARK  low-voltage switchboards show higher performance with short circuit current. In data centers, it is vital that power is uninterrupted and redundancy is maintained. Our suite of Power Transformers ensures availability of supply and the right level of redundancy required in the system.

With superior electrical protection, thermal management, and mechanical durability, NOARK products ensure mission-critical systems continue operating safely under high-demand conditions. As a result, data center operators gain greater system stability, predictable performance, and long-term reliability throughout the full lifecycle of their infrastructure.

Regulatory Compliance and Industry Standards

NOARK’s Transmission & Distribution solutions, low-voltage switchboard and related Circuit Protection products are designed and manufactured in full compliance with American electrical safety regulations, and UL 891 certifications. The products also adhere to environmental and quality management standards, ensuring sustainable and safe operation. By meeting these rigorous regulatory requirements, NOARK provides clients with confidence that their critical data center operations are supported by products that are both safe and fully compliant.

Andy Li, General Manager, NOARK, North America, said, “At NOARK, our mission is to help every customer achieve success. We understand the critical demands of data center projects in North America, and we are committed to delivering solutions that are timely, comprehensive, and reliable. By leveraging the strength of our global supply chain and expertise, we ensure our clients can operate confidently, scale efficiently, and meet the challenges of a rapidly growing market.”

From new build projects to upgrades of existing facilities, NOARK’s solutions provide operational confidence for data center operators. NOARK enables clients to focus on growth, innovation, and delivering uninterrupted services to their customers.

Patrick Woodham, General Manager, NOARK, USA and Canada, together with the company’s Research and Development (R&D) team, made a strong impression on a North American customer through their professionalism and collaborative approach.

“NOARK delivered and implemented its solution on schedule, fully meeting our reliability requirements,” said the customer. “Their global supply chain enabled seamless coordination across multiple facilities, and working with the NOARK team has been smooth and highly efficient.”

With a decade of continuous development, NOARK has established a comprehensive portfolio of power distribution and control components, including power circuit breakers, molded case circuit breakers, motor control products, and variable frequency drives (VFDs). Looking ahead to 2026, NOARK will continue to progressively complete its medium-voltage product portfolio for applications up to and including 69 kV, further strengthening its capabilities medium-voltage power distribution systems.

About NOARK Electric

NOARK Electric is a leading provider of low, medium, and high-voltage electrical systems—including motor control, circuit protection, and distribution solutions. NOARK benefits from global R&D, resources, and innovation of its group. The company maintains R&D centers in Texas, Shanghai, and Prague, and serves customers worldwide.

na.noark-electric.com, nasales@noark-electric.com 

Abu Dhabi’s IFC announces 36% Surge in AUM, 51% Increase in Workforce and Over 12,000 Licences in 2025

ABU DHABI, UAE, March 31, 2026 /PRNewswire/ — ADGM, Abu Dhabi’s International Financial Centre (IFC), delivered a year of solid growth and strategic milestones, reinforcing its role in Abu Dhabi’s status as the ‘Capital of Capital’.

 

 

ADGM continued to attract international capital, world-class talent and leading institutions to the UAE capital. At the end of 2025, the number of active licences in ADGM surpassed 12,000, while the number of individuals working within the financial centre increased by 51% to 44,339. Meanwhile, Assets Under Management (AUM) rose 36%, underscoring the sustained confidence in Abu Dhabi as a trusted hub for global asset and wealth managers.

His Excellency Ahmed Jasim Al Zaabi, Chairman of ADGM, said, “2025 marked a defining chapter in ADGM’s milestones. We achieved another year of significant growth in our AUMs, reflecting both the confidence of our partners and the strength of our investment strategies. Equally important was our success in attracting leading global players to ADGM, reinforcing our position as a gateway for world–class talent, capital, and innovation. This progress demonstrates the power of a thriving ecosystem, one built on partnerships, long–term value creation, and a solid commitment to excellence. And as we continue to align closely with Abu Dhabi‘s strategic vision, we remain focused on driving sustainable growth and elevating our competitive advantage to become one of the top five international financial centres in the world.”

The significant growth of Abu Dhabi’s financial sector is reflected in the surge of new licences within ADGM, with top global firms choosing the financial centre as their regional hub.

The number of total active licences across ADGM rose 30% to reach 12,671 at the end of 2025, further strengthening its position as the largest IFC in the Middle East and Africa region by this measure.

Meanwhile, the growth in business activity across the IFC continued to attract a diverse and highly skilled talent pool across Al Reem and Al Maryah Islands. This led to ADGM’s total workforce increasing by 51% to 44,339 individuals in 2025 from 29,338 in 2024.

In 2025 leading fintech, digital assets, banking, infrastructure investment, sustainability advisory, global legal services and tech-enabled financial platforms, including Circle, Carta, Bitcoin Suisse, Tradition, Bitgrit, Stacks Asia DLT Foundation, Hidden Roads, Skadden, and Digital Climate Middle East (DCME), Olive Gaea, TON, Animoca Brands, BBVA, Arab Bank (Switzerland) Gulf, Galaxy Digital, Halo Investing, Eurasian Development Bank, iCapital, ERM, and DLA Piper, announced setting up in ADGM.

Binance became the first crypto exchange to secure a formal global licence from ADGM’s Financial Services Regulatory Authority (FSRA) in December 2025. The licence enables Binance to operate from Abu Dhabi under a comprehensive, world–class regulatory framework, reinforcing ADGM’s position at the forefront of compliant and progressive digital–asset ecosystems worldwide. 

At the end of 2025, ADGM was home to 171 asset and fund managers, which collectively manage 244 funds. A total of 347 financial institutions are now based in ADGM, 80 of which were licensed in 2025. 

Some of the top financial entities include Kimmeridge, Fortress, Polen Capital, Adams Street, Arcapita, Aquila Group, Cantor Fitzgerald, Davidson Kempner, DWS, Galaxy (asset management arm alongside digital assets), GMB Limited, HarbourVest, Harrison Street, Investindustrial, KKR, Monroe Capital, NewVest, Oryx Global Partners, PATRIZIA, Partners Group, Plenary ME Infrastructure Partners Ltd., Seviora, UBS Group, and Julius Baer.

Meanwhile, the FSRA issued a total of 120 In-Principle Approvals (IPAs), up almost 32% year-on-year, while 94 new Financial Services Permissions (FSPs) were secured.

Throughout the year, ADGM’s wider ecosystem welcomed 3,495 operational entities, almost a 40% increase from a year earlier, underscoring the range of businesses choosing the financial centre as their regional base.

Abu Dhabi’s growing global stature as a leading financial centre was further affirmed in December through its recognition in the inaugural Financial Centre Competitiveness Index (FCCI) published by NYU Stern School of Business. The index ranked the UAE capital as the number one financial centre in the MENA region and 12th globally, reflecting Abu Dhabi’s strong institutional foundations, progressive regulatory environment and future-ready ecosystem.

Abu Dhabi also hosted the International Forum of Sovereign Wealth Funds (IFSWF) annual meeting in November 2025. The event brought together leading sovereign wealth funds representing significant long-term institutional capital. The gathering reaffirmed Abu Dhabi’s position as a trusted convenor of global capital flows and a platform for strategic dialogue and partnerships.

During the first half of 2025, ADGM increased international engagements by joining the Abu Dhabi Department of Economic Development (ADDED) and a wider Abu Dhabi delegation on a series of roadshows to China and Japan, as well as roadshows to London, New York, Singapore and India in the second half of the year. During these trips, ADGM and other leading UAE entities signed several memorandums of understanding (MOUs) and hosted a series of events to promote business and investment opportunities across the emirate’s high-growth sectors.

In September, the FSRA of ADGM and the Securities and Futures Commission (SFC) co-hosted a high-level roundtable in Hong Kong to discuss opportunities for Hong Kong asset managers within ADGM.

As the only IFC in the region with the direct application of English Common Law, ADGM strengthened its regulatory ecosystem during 2025 to reinforce market integrity, enhance transparency and improve consumer protection.

The FSRA implemented key legislative updates aligned with international standards, including BCBS and IOSCO principles. It also introduced a new Funds Reporting Regime to enhance transparency, data quality and regulatory oversight across the asset management sector.

In alignment with UAE regulatory priorities and coordination with the Central Bank, the FSRA issued a Consultation Paper on Transition Planning Principles, advancing high-level expectations for financial institutions to strengthen resilience and long-term preparedness.

During 2025, ADGM started to fully operate its expanded real estate jurisdiction, following the successful integration of Al Reem Island under ADGM. The RA focused on delivering end-to-end real estate operations, including the launch of 70+ services for Real Property across buy & sell, leasing, renewals, project registrations, real property transactions, licensing, work permits, commercial permits, and licence renewals issued under incentivised schemes.

In December 2025, Mubadala and Aldar unveiled an AED 60+ billion joint venture to expand Al Maryah Island, unlocking the next phase of growth for one of the world’s largest financial districts. The project will comprise 1.5 million sqm of new office, residential, retail, and hospitality space, further elevating Al Maryah Island’s distinctive blend of international business and luxury living.

ADGM’s ability to convene global financial powers was once again on full display during Abu Dhabi Finance Week 2025, its most successful edition to date across 68 events and 394 thematic sessions. With over 800 influential speakers and almost 70 global and regional partners, the event gathered participants who collectively manage more than USD 60 trillion in assets – the equivalent of more than 50% of the world’s GDP. It also welcomed more than 35,000 attendees, 30% of whom were international participants, representing 175 nationalities.

Through ADFW, which is drawing increased international attention with every edition, ADGM was able to showcase Abu Dhabi’s plans for its next decade of growth and reinforce its position as the Capital of Capital.

World Gym Corporation Partners with Philcos to Launch Branded Merchandise Line

Exclusive Licensing Agreement Brings World Gym Apparel to Major North American Retailers

TAIPEI, March 31, 2026 /PRNewswire/ — World Gym Corporation (2762.TW) (“World Gym” or the “Company”), the owner of the iconic World Gym brand with over 280 locations worldwide, today announced an exclusive Merchandise Distribution Licensing Agreement with Philcos, a global leader in branded apparel manufacturing. The partnership will bring World Gym branded merchandise to major retailers across North America, including online and brick-and-mortar locations across the United States, Canada, and Mexico.

Picture: Merchandise Currently Available at Abercrombie & Fitch
Picture: Merchandise Currently Available at Abercrombie & Fitch

 

Picture: Merchandise Currently Available at Abercrombie & Fitch
Picture: Merchandise Currently Available at Abercrombie & Fitch

Philcos will manufacture and distribute World Gym branded apparel targeting all ages and demographics. The merchandise line is set to launch across multiple retail channels, with confirmed partnerships including Abercrombie & Fitch, Urban Outfitters, La Maison Simons, PACSUN among other finer lifestyle retailers.

The rollout schedule includes Abercrombie & Fitch in March; La Maison Simons in April; and Urban Outfitters in May. Additional retail partners will follow throughout the year, expanding World Gym’s presence in the lifestyle and fashion marketplace.

“We are thrilled to partner with Philcos to bring the World Gym brand beyond the gym floor and into everyday lifestyle apparel,” said John Caraccio, President of World Gym Corporation. “This licensing agreement represents a natural extension of our brand’s commitment to fitness, strength, and wellness. By making World Gym merchandise available through premier retailers across North America, we’re connecting with our community in new and exciting ways while reintroducing our iconic brand to the next generation of fitness enthusiasts.”

“Partnering with World Gym is an exciting opportunity to work with one of the most recognized and respected names in fitness,” said George Meyer, Vice President of Licensing, Philcos. “World Gym’s legacy of empowering individuals to achieve their fitness goals aligns perfectly with our commitment to delivering on-trend, high-quality branded apparel. With our proven track record representing iconic brands like the NFL, McDonald’s and global entertainment brands, we’re confident this collaboration will resonate with consumers across all demographics and establish World Gym as a powerful presence in the lifestyle apparel market.”

Founded in 1982, Philcos has established itself as one of the most in-demand branded apparel manufacturers worldwide, with a history of representing premier brands including McDonald’s, the NFL, Guinness, Sony Pictures, Dennis Rodman, The Golf League, among many others. The company specializes in quick-turn, on-trend branding that caters to diverse age groups and demographics.

This partnership announcement builds on World Gym’s strong momentum as a global fitness leader. Following World Gym Corporation’s acquisition of World Gym International in 2024, the brand operates over 284 locations across 10 countries, serving 900,000 members worldwide. The company continues to expand its reach through innovative partnerships that enhance member experience and extend the World Gym lifestyle beyond traditional fitness offerings.

About World Gym Corporation

World Gym Corporation is Taiwan’s largest fitness chain, operating 140 locations. In 2024, it acquired World Gym International, securing the iconic World Gym brand and global operating rights, establishing itself as a global fitness leader. With a franchise network spanning 10 countries and over 284 locations, it serves 900,000 members. The company continues to empower individuals worldwide to achieve their fitness goals and live healthier lives through state-of-the-art facilities, innovative programs, and technology-driven solutions.

About Philcos

Founded in 1982, Philcos has grown to become one of the most in demand and on trend branded apparel manufacturers worldwide. Philcos has a history of representing many key brands, including the NFL, McDonald’s, Sony Pictures, FCA/Stellantis (Dodge, Jeep, RAM, Fiat, Alfa Romeo), Boston Beer Company (Samuel Adams, Angry Orchard), Vail Resorts, K2 Sports, among many others.

KVB Futures Marks 1st Anniversary, Sustaining Growth Amid Indonesia’s Expanding and Competitive Forex Market

JAKARTA, Indonesia, March 31, 2026 /PRNewswire/ — Indonesia’s retail trading and investment landscape is rapidly expanding, driven by rising financial literacy, digital adoption, and growing interest in global markets. As more individuals explore forex and multi-asset trading, the brokerage industry is becoming increasingly dynamic and competitive.

KVB Futures Anniversary
KVB Futures Anniversary

KVB Futures, marking its 1st anniversary in Indonesia, has contributed to this ecosystem through digital innovation, client-focused services, and competitive trading solutions tailored to the local market. Over the past year, the firm has strengthened engagement with Indonesia’s trading community through offline events and client gatherings, fostering relationships and understanding local traders’ needs. These efforts reflect KVB Futures’ commitment to a client-centric approach and a more informed trading environment.

Looking ahead, KVB Futures plans to expand market engagement through additional offline initiatives, strategic collaborations, and educational activities to support the growth of Indonesia’s trading community. In today’s transparent industry, broker differentiation relies on credibility, consistency, and the long-term value delivered to clients.

As part of its growth strategy, KVB Futures was listed in the Best Broker directory on Investing.com and recognised by Indonesia’s regulator, Bappebti, achieving the Best Broker Grade A++ 2025. These honours highlight the company’s strong performance, compliance, and competitiveness within the domestic derivatives market.

According to the President Director of KVB Futures:
“The trading market in Indonesia is becoming increasingly mature and competitive. Clients now have broader access to information and broker comparisons. We build long-term trust through consistent service quality, strong execution infrastructure, and responsible trading practices. Sustainable growth can only be achieved through credibility.”

KVB Futures continues to strengthen its service foundation and uphold high operational standards, aiming to deliver consistent value, foster long-term client relationships, and support sustainable growth.

Enhancing Client Value
To further engage clients, KVB Futures offers promotional programs:

  • Welcome Rewards – For new clients depositing at least $200
  • SWAP Promotion – Competitive swaps on 12 popular instruments to reduce trading costs and enhance returns.
  • Lucky Draw Program – Appreciation initiative for active clients through raffle tickets from trading activity.

About us:
KVB Futures is a brokerage company providing forex and multi-asset trading services, focused on delivering innovative digital solutions, competitive trading conditions, and a client-centric approach. With a growing presence in Indonesia, KVB Futures aims to support traders through accessible technology and reliable trading infrastructure. 

KVB Futures Contact
+62 851-1701-0756
brand@kvb.co.id