African Analyst

Friday, February 27, 2026

Allianz Achieves Record Operating Profit of 17.4 Billion Euros – Excellent Start to New Strategic Cycle

MUNICH -

Excellent momentum and record operating profit

Total business volume rises 8.11 percent and reaches 186.9 billion euros with contributions from all segments

Operating profit increases 8.4 percent to 17.4 billion euros, our highest operating profit ever

Shareholders’ core net income advances 10.9 percent to 11.1 billion euros

Core earnings per share (EPS) grow 12.5 percent and reach 28.61 euros

Core return on equity (RoE) reaches an excellent level of 18.1 percent

Solvency II ratio2 increases 10 percentage points to 218 percent supported by excellent capital generation

4Q 2025

Diversified growth and double-digit increase in shareholders’ core net income

Total business volume rises 6.5 1 percent with contributions from all segments

Operating profit increases 3.0 percent to 4.3 billion euros, driven by excellent contribution from the Property-Casualty segment

Shareholders’ core net income advances 12.2 percent and reaches 2.7 billion euros

Outlook & other

For 2026, Allianz targets an operating profit of 17.4 billion euros, plus or minus 1 billion euros3

Management to propose a dividend per share of 17.10 euros, an increase of 11.0 percent from 2024

Allianz has announced a new share buy-back program of up to 2.5 billion euros on February 25, 2026

CEO comment

“Allianz’s record results for 2025 demonstrate – again – our ability to deliver reliably, including in rapidly shifting and increasingly divisive environments. The strength of our performance and fundamentals goes well beyond our financial discipline and operational resilience. Our success is also powered by our leading brand strength, record customer loyalty, and highly motivated employees.

Customers expect protection and peace of mind at a price that they can afford, which is why our ability to offer superior value is so vital to the continued growth of our customer base. To mitigate deepening polarization in the world, it remains our strategic priority – as well as our societal responsibility – to ensure that people can access the freedom and security that our products and services provide.”

- Oliver Bäte, Chief Executive Officer of Allianz SE

FINANCIAL HIGHLIGHTS

Allianz Group: An excellent start to our Capital Markets Day delivery

Key performance indicator

4Q 2025

Change vs

prior year

12M 2025

Change vs

prior year

Total business volume (€ bn)4

45.7

6.5

186.9

8.1

Operating profit (€ mn)

4,297

3.0

17,374

8.4

Shareholders’ core net income (€ mn)

2,731

12.2

11,113

10.9

Core return on equity (%)

18.1

1.2%-p

Solvency II ratio (%)

218

10%-p

CFO comment

“We had an excellent start into our new strategic cycle. Our performance highlights the strength and resilience of Allianz’s business model.

Allianz’s record results for 2025 are characterized by very good growth across our segments and excellent profitability, while we further enhanced our financial strength. This demonstrates our ability to create sustainable value for our customers and shareholders alike.

As we pursue our 2026 target of an operating profit of 17.4 billion euros, plus or minus 1 billion euros, we continue the focused execution of our strategic Capital Markets Day priorities to deliver on our 2025 – 2027 plan.”

- Claire-Marie Coste-Lepoutre, Chief Financial Officer of Allianz SE

Allianz’s 12M 2025 results were excellent. Allianz sustained its momentum across all three segments and achieved a record operating profit.

Our total business volume expanded to 186.9 billion euros (12M 2024: 179.8 billion euros). Internal growth, which excludes the effects of foreign-currency translation as well as acquisitions and divestments, was strong at 8.1 percent, supported by growth across all segments.

Operating profit reached a record level of 17.4 (16.0) billion euros, an increase of 8.4 percent. The Property-Casualty business was the main growth driver and all business segments exceeded their full-year outlook midpoints.

Shareholders’ core net income rose by 10.9 percent to 11.1 (10.0) billion euros. Adjusted for a one-off tax provision related to the sale of our stake in our Indian Joint Ventures in 1Q 2025 and the divestment gain on the UniCredit Joint Venture in 2Q 2025, shareholders’ core net income was up by 9.3 percent.

Core earnings per share (EPS)5 amounted to 28.61 (25.42) euros, an increase of 12.5 percent. Adjusted for the above-mentioned one-off tax provision and divestment gain, core earnings per share rose 10.8 percent.

Allianz has delivered an excellent core return on equity (RoE)5 of 18.1 percent in 12M 2025 (12M 2024: 16.9 percent). Adjusted for the effects of the one-off tax provision and divestment gain, the core return on equity was 17.8 percent.

This performance was achieved while Allianz further strengthened its capitalization. The Solvency II ratio was 218 percent, an increase of 10 percentage points compared to full-year 2024 (209 percent) and 3Q 2025 (209 percent). This development was supported by excellent operating capital generation of 25 percentage points after tax/before dividend.

In 4Q 2025, Allianz delivered a strong performance, characterized by good growth across our three segments and excellent profitability.

Our total business volume amounted to 45.7 billion euros (4Q 2024: 45.9 billion euros). Internal growth was good at 6.5 percent and all segments contributed.

Operating profit rose 3.0 percent to 4.3 (4.2) billion euros, reaching 27 percent of our full-year outlook midpoint. The increase was mainly driven by excellent operating profit growth in our Property-Casualty business.

Shareholders’ core net income advanced 12.2 percent to 2.7 (2.4) billion euros. A higher operating profit and an improved non-operating result contributed.

Outlook

In 2026, Allianz targets an operating profit of 17.4 billion euros, plus or minus 1 billion euros.

Other

The Board of Management proposes a dividend per share of 17.10 euros (2024: 15.40 euros) for 2025, an increase of 11.0 percent from 2024.

On February 25, 2026, Allianz has announced a new share buy-back program of up to 2.5 billion euros.

Property-Casualty insurance: Excellent delivery across all dimensions

Key performance indicator

4Q 2025

Change vs

prior year

12M 2025

Change vs

prior year

Total business volume (€ bn)4

19.9

6.7

86.7

8.2

Operating profit (€ mn)

2,134

9.6

8,992

13.9

Combined ratio (%)

93.6

-1.1%-p

92.2

-1.3%-p

Loss ratio (%)

69.8

-0.9%-p

68.3

-1.0%-p

Expense ratio (%)

23.8

-0.2%-p

23.9

-0.3%-p

Core messages Property-Casualty insurance 12M 2025

Very good internal growth across retail and commercial

Record operating profit, well exceeding the full-year outlook midpoint

Excellent combined ratio supported by underwriting actions

In the 12M 2025 period, total business volume rose to 86.7 billion euros (12M 2024: 82.9 billion euros). Internal growth was very good at 8.2 percent.

Operating profit was excellent at 9.0 (7.9) billion euros, well exceeding our full-year outlook midpoint of 8.0 billion euros. Operating profit growth of 13.9 percent was almost exclusively driven by a higher operating insurance service result.

The combined ratio was at an excellent level of 92.2 percent (93.4 percent), with improvements in the loss ratio and the expense ratio. The loss ratio reached 68.3 percent, an improvement of 1.0 percentage point compared to prior year (69.3 percent). Lower natural catastrophe losses and underlying improvements from underwriting actions overcompensated a conservative run-off ratio. The expense ratio improved by 0.3 percentage points to 23.9 percent (24.2 percent), reflecting a successful ongoing productivity focus.

The retail6 business delivered excellent internal growth of 9 percent while our commercial7 business grew by 7 percent.

Profitability in both retail and commercial was strong. The retail combined ratio improved 1.8 percentage points to 92.4 percent (94.1 percent), while in commercial the combined ratio reached an excellent level of 91.7 percent (92.2 percent), an improvement of 0.5 percentage points.

Core messages Property-Casualty insurance 4Q 2025

Strong internal growth of 6.7 percent

Excellent operating profit of 2.1 billion euros, up 10 percent

Very good combined ratio, supported by a better loss ratio and expense ratio

In 4Q 2025, total business volume reached 19.9 billion euros (4Q 2024: 19.5 billion euros), a strong internal growth of 6.7 percent.

The operating profit grew to 2.1 (1.9) billion euros, an increase of 9.6 percent, reaching 27 percent of our full-year outlook midpoint. A stronger operating insurance service result was the main driver.

The combined ratio improved to a very good level of 93.6 percent (94.7 percent). The loss ratio was 69.8 percent (70.7 percent), an improvement of 0.9 percentage points. The expense ratio improved by 0.2 percentage points to 23.8 percent (24.1 percent).

Our retail business delivered excellent internal growth of 9 percent and the combined ratio reached 94.5 percent (94.0 percent).

The commercial business achieved an internal growth of 3 percent, carefully managing the market environment, while the combined ratio improved by 4.0 percentage points to a strong level of 92.6 percent (96.6 percent).

Life/Health insurance: Consistently good results

Key performance indicator

4Q 2025

Change vs

prior year

12M 2025

Change vs

prior year

PVNBP (€ mn)

21,163

-0.2

84,682

3.5

New business margin (%)

5.8

0.3%-p

5.7

-0.0%-p

Value of new business (€ mn)

1,217

5.3

4,829

2.9

Operating profit (€ mn)

1,364

-4.2

5,601

1.7

Contractual Service Margin (€ bn, eop)

55.7

1.4%8

55.7

5.2%9

Core messages Life/Health insurance 12M 2025

Good PVNBP growth of 3.5 percent from exceptionally high prior year level

Very good normalized CSM growth of 5.2 percent

Operating profit above full-year outlook midpoint

In 12M 2025, PVNBP, the present value of new business premiums, reached 84.7 billion euros (12M 2024: 81.8 billion euros), an increase of 3.5 percent from an exceptionally high prior year level or 7.5 percent higher adjusted for foreign currency translation effects and scope changes10. Growth was spread across most regions. The share of new business premiums generated in our preferred lines was 91 percent (93 percent).

The new business margin remained strong at 5.7 percent (5.7 percent) and the value of new business rose to 4.8 (4.7) billion euros, an increase of 5.8 percent adjusted for foreign currency translation effects and scope changes10.

Operating profit grew to 5.6 (5.5) billion euros, an increase of 1.7 percent, and exceeding our full-year outlook midpoint.

The Contractual Service Margin (CSM) remained broadly stable at 55.7 billion euros compared to 55.6 billion euros11 at the end of 2024. Very good normalized CSM growth of 5.2 percent was largely offset by foreign currency translation effects and non-economic movements.

Core messages Life/Health insurance 4Q 2025

New business margin strong at 5.8 percent

Value of new business increases 12 percent adjusted for foreign currency translation effects and scope changes

Operating profit good at 1.4 billion euros

In 4Q 2025, PVNBP, the present value of new business premiums, amounted to 21.2 billion euros (4Q 2024: 21.2 billion euros), an increase of 7.8 percent adjusted for foreign currency translation effects and scope changes10. The share of new business premiums generated in our preferred lines was 90 percent (92 percent).

The new business margin (NBM) of 5.8 percent (5.5 percent) was strong and above our ambition of at least 5 percent. The value of new business (VNB) increased by 5.3 percent to 1.2 (1.2) billion euros or 11.7 percent adjusted for foreign currency translation effects and scope changes10.

Operating profit reached a good level of 1.4 (1.4) billion euros, amounting to 25 percent of our full-year outlook midpoint.

Contractual Service Margin (CSM) increased to 55.7 billion euros (3Q 2025: 55.5 billion euros). Normalized CSM growth of 1.4 percent was very good and overcompensated non-economic movements.

Asset Management: Excellent third-party net inflows

Key performance indicator

4Q 2025

Change vs

prior year

12M 2025

Change vs

prior year

Operating revenues (€ bn)12

2.3

5.8

8.5

5.9

Operating profit (€ mn)

928

-1.5

3,345

3.3

Cost-income ratio (%)

60.0

-0.0%-p

60.7

-0.4%-p

Third-party net flows (€ bn)

45.5

173.2

139.3

64.2

Third-party assets under management (€ bn)

1,990

3.6

Average third-party assets under management (€ bn)

1,978

4.8

1,914

5.8

Core messages Asset Management 12M 2025

Operating profit increases 3 percent to 3.3 billion euros

Cost-income ratio improves to 60.7 percent, ahead of full-year ambition of around 61 percent

Excellent third-party net inflows of 139 billion euros

In 12M 2025, operating revenues increased to 8.5 billion euros (12M 2024: 8.3 billion euros), an internal growth of 5.9 percent. Growth was driven by higher AuM-driven revenues, which advanced by 8.3 percent adjusted for foreign currency translation effects. This was supported by higher average third-party AuM.

Operating profit rose to 3.3 (3.2) billion euros, up 3.3 percent, or 6.9 percent adjusted for foreign currency translation effects. The cost-income ratio (CIR) improved to a very good level of 60.7 percent (61.1 percent), ahead of our full-year ambition of around 61 percent. This development reflects strong underlying revenue momentum and management actions.

Third-party assets under management amounted to 1.990 (1.920) trillion euros as of December 31, 2025, reaching an all-time high. Excellent net inflows of 139 billion euros and positive market effects of 94 billion euros were partly offset by negative foreign currency translation effects of 170 billion euros. Average third-party assets under management amounted to 1.914 trillion euros, 5.8 percent above the 2024 average.

Core messages Asset Management 4Q 2025

Assets under management (AuM)-driven revenues grow by 10 percent (F/X adjusted)

Operating profit at 928 million euros, reaching 28 percent of our full-year outlook midpoint

Strong third-party net inflows of 45 billion euros

In 4Q 2025, operating revenues reached 2.3 billion euros (4Q 2024: 2.4 billion euros), an internal growth of 5.8 percent. This was due to higher AuM-driven revenues, which increased by 10.5 percent adjusted for foreign currency translation effects.

Operating profit amounted to 928 (941) million euros, an increase of 5.3 percent adjusted for foreign currency translation effects. The cost-income ratio (CIR) was stable at an excellent level of 60.0 percent (60.0 percent).

Third-party assets under management of 1.990 trillion euros as of December 31, 2025 increased by 3.2 percent compared to 3Q 2025 (4Q 2024: 1.920 trillion euros; 3Q 2025: 1.928 trillion euros). Strong net inflows of 45 billion euros and market effects of 20 billion euros were the drivers. Average third-party assets under management increased 4.8 percent compared to 4Q 2024 and reached 1.978 trillion euros.

FOOTNOTES

_____________________________________

Internal growth; total growth 4.0 percent in 12M 2025 and -0.5 percent in 4Q 2025.

Solvency II ratio / Solvency II capitalization ratio: ratio that expresses the capital adequacy of a company by comparing own funds to SCR. This applies to all information related to the Solvency II ratio in this document.

As always, natural catastrophes and adverse developments in the capital markets, as well as factors stated in our cautionary note regarding forward-looking statements may severely affect the operating profit and/or net income of our operations and the results of the Allianz Group.

Change refers to internal growth.

Core EPS and core RoE calculation based on shareholders‘ core net income.

Retail including SME and Fleet. This applies to all information related to retail in this document.

Commercial including large Corporate, MidCorp, credit insurance, internal and 3rd party R/I. This applies to all information related to commercial in this document.

Normalized CSM growth fourth quarter 2025.

Normalized CSM growth 2025, percentage calculated including the scope changes in the base value in the first quarter 2025 and including UniCredit Allianz Vita S.p.A. until the sale in the second quarter 2025.

Sale of our stake in UniCredit JV and transfer of our German accident insurance with premium refund (APR) and the Austrian health businesses from the P/C segment to the L/H segment.

Figure includes gross CSM of EUR 0.8 bn as of December 31, 2024 for UniCredit Allianz Vita S.p.A., which was classified as held for sale in the third quarter of 2024.

Internal growth.

4Q & 12M 2025 RESULTS TABLE

Allianz Group - key figures 4th quarter and fiscal year 2025

4Q 2025

4Q 2024

Delta

12M 2025

12M 2024

Delta

Total business volume

€ bn

45.7

45.9

-0.5%

186.9

179.8

4.0%

- Property-Casualty

€ bn

19.9

19.5

1.7%

86.7

82.9

4.7%

- Life/Health

€ bn

23.6

24.3

-2.6%

92.3

89.3

3.4%

- Asset Management

€ bn

2.3

2.4

-1.5%

8.5

8.3

2.2%

- Consolidation

€ bn

-0.1

-0.3

-42.7%

-0.6

-0.7

-16.5%

Operating profit / loss

€ mn

4,297

4,174

3.0%

17,374

16,023

8.4%

- Property-Casualty

€ mn

2,134

1,948

9.6%

8,992

7,898

13.9%

- Life/Health

€ mn

1,364

1,424

-4.2%

5,601

5,505

1.7%

- Asset Management

€ mn

928

941

-1.5%

3,345

3,239

3.3%

- Corporate and Other

€ mn

-129

-140

-7.7%

-565

-615

-8.2%

- Consolidation

€ mn

-69.6%

-4

n.m.

Net income

€ mn

2,821

2,636

7.0%

11,430

10,540

8.4%

- attributable to non-controlling interests

€ mn

157

163

-3.9%

655

609

7.7%

- attributable to shareholders

€ mn

2,664

2,472

7.7%

10,775

9,931

8.5%

Shareholders’ core net income1

€ mn

2,731

2,434

12.2%

11,113

10,017

10.9%

Core earnings per share2

€

7.17

6.31

13.7%

28.61

25.42

12.5%

Dividend per share

€

–

17.10

15.40

11.0%

Additional KPIs

- Group

Core return on equity4

–

18.1%

16.9%

1.2%

-p

- Property-Casualty

Combined ratio

93.6%

94.7%

-1.1%

-p

92.2%

93.4%

-1.3%

-p

- Life/Health

New business margin

5.8%

5.5%

0.3%

-p

5.7%

-0.0%

-p

- Asset Management

Cost-income ratio

60.0%

-0.0%

-p

60.7%

61.1%

-0.4%

-p

12/31/2025

12/31/2024

Delta

Shareholders' equity5

€ bn

62.7

60.3

4.0%

Contractual service margin (net)6

€ bn

35.4

34.5

2.4%

Solvency II capitalization ratio7

218%

209%

10%

-p

Third-party assets under management

€ bn

1,990

1,920

3.6%

Please note: The figures are presented in millions of Euros, unless otherwise stated. Due to rounding, numbers presented may not add up precisely to the totals provided and percentages may not precisely reflect the absolute figures.

Presents the portion of shareholders’ net income before non-operating market movements and before amortization of intangible assets from business combinations (including any related income tax effects).

Calculated by dividing the respective period’s shareholders' core net income, adjusted for net financial charges related to undated subordinated bonds classified as shareholders' equity, by the weighted average number of shares outstanding (basic core EPS).

Proposal.

Represents the ratio of shareholders’ core net income to the average shareholders’ equity at the beginning and at the end of the year. Shareholders’ core net income is adjusted for net financial charges related to undated subordinated bonds classified as shareholders’ equity. From the average shareholders’ equity, undated subordinated bonds classified as shareholders’ equity, unrealized gains and losses from insurance contracts and other unrealized gains and losses are excluded.

Excluding non-controlling interests.

Includes net CSM of EUR 0.3bn as of 31 December 2024 for UniCredit Allianz Vita S.p.A., which was classified as held for sale in 3Q 2024. Sale has been completed in 2Q 2025.

Risk capital figures are group diversified at 99.5% confidence level.

RATING

Ratings1

S&P Global

Moody’s

A.M. Best2

Insurer financial strength rating

AA | stable outlook

Aa2 | stable outlook

A+ | stable outlook

Counterparty credit rating

AA | stable outlook

Not rated

aa3 | stable

Senior unsecured debt rating

Aa2 | stable outlook

aa | stable

Subordinated debt rating

A+/A

A1/A34 | stable outlook

aa- / a+ | stable

Commercial paper (short term) rating

A-1+

Prime-1

Not rated

Includes ratings for securities issued by Allianz Finance II B.V. and Allianz Finance Corporation.

A.M. Best's Rating Reports reproduced on www.allianz.com appear under licence from A.M. Best Company and do not constitute, either expressly or implicitly, an endorsement of Allianz's products or services. A.M. Best's Rating Reports are the copyright of A.M. Best Company and may not be reproduced or distributed without the express written consent of A.M. Best Company. Visitors to www.allianz.com are authorised to print a single copy of the rating report displayed there for their own use. Any other printing, copying or distribution is strictly prohibited. A.M. Best's ratings are under continual review and subject to change or affirmation. To confirm the current rating visit www.ambest.com.

Issuer credit rating.

Final ratings vary on the basis of the terms.

Venture Global Announces New Long-Term LNG Partnership with Hanwha of Korea

ARLINGTON, Va. - Friday, 27. February 2026

20-year sales and purchase agreement marks Venture Global’s first SPA with a Korean entity

(BUSINESS WIRE)--Today, Venture Global, Inc. (NYSE: VG) and Hanwha Aerospace Co., Ltd. announced the execution of a new Sales and Purchase Agreement (SPA) for the purchase of 1.5 million tonnes per annum (MTPA) of U.S. liquefied natural gas (LNG) from Venture Global for twenty years starting in 2030. This agreement brings Venture Global’s long-term contracted portfolio to over 46 MTPA.

“Venture Global is thrilled to announce our first long-term supply deal in Korea through a new partnership with Hanwha Aerospace which marks another important step in expanding reliable, long-term LNG supply to our partners in Asia,” said Mike Sabel, CEO of Venture Global. “We are proud to support growing global energy needs with low-cost, secure American LNG while strengthening the strategic energy partnership between the United States and South Korea to support long-term industrial and economic growth.”

About Venture Global

Venture Global is an American producer and exporter of low-cost U.S. liquefied natural gas (LNG) with over 100 MTPA of capacity in production, construction, or development. Venture Global began producing LNG from its first facility in 2022 and is now one of the largest LNG exporters in the United States. The company’s vertically integrated business includes assets across the LNG supply chain including LNG production, natural gas transport, shipping and regasification. The company’s first three projects, Calcasieu Pass, Plaquemines LNG, and CP2 LNG, are located in Louisiana along the Gulf of America. Venture Global is developing Carbon Capture and Sequestration projects at each of its LNG facilities.

About Hanwha Aerospace

Hanwha Aerospace is a core affiliate of the Hanwha Group, operating as a global company primarily focused on aerospace and defense, with expanding operations into energy and industrial infrastructure. Hanwha Aerospace is building an LNG value chain in collaboration with other Hanwha Group affiliates to enhance energy security and advance the effectiveness of clean energy solutions globally.

Forward-looking Statements

This press release contains forward-looking statements. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). All statements, other than statements of historical facts, included herein are “forward-looking statements.” In some cases, forward-looking statements can be identified by terminology such as “may,” “might,” “will,” “could,” “should,” “expect,” “plan,” “project,” “intend,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “pursue,” “target,” “continue,” the negative of such terms or other comparable terminology.

These forward-looking statements, which are subject to risks, uncertainties and assumptions about us, may include statements about our future performance, our contracts, our anticipated growth strategies and anticipated trends impacting our business. These statements are only predictions based on our current expectations and projections about future events. There are important factors that could cause our actual results, level of activity, performance or achievements to differ materially from the results, level of activity, performance or achievements expressed or implied by the forward-looking statements. Those factors include our need for significant additional capital to construct and complete future projects and related assets, and our potential inability to secure such financing on acceptable terms, or at all; our potential inability to accurately estimate costs for our projects, and the risk that the construction and operations of natural gas pipelines and pipeline connections for our projects suffer cost overruns and delays related to obtaining regulatory approvals, development risks, labor costs, unavailability of skilled workers, operational hazards and other risks; the uncertainty regarding the future of global trade dynamics, international trade agreements and the United States’ position on international trade, including the effects of tariffs; our dependence on our EPC and other contractors for the successful completion of our projects, including the potential inability of our contractors to perform their obligations under their contracts; various economic and political factors, including opposition by environmental or other public interest groups, or the lack of local government and community support required for our projects, which could negatively affect the permitting status, timing or overall development, construction and operation of our projects; and risks related to other factors discussed under “Item 1A.—Risk Factors” of our annual report on Form 10-K for the year ended December 31, 2024 as filed with the Securities and Exchange Commission (“SEC”) and any subsequent reports filed with the SEC. Any forward-looking statements contained herein speak only as of the date of this press release and are based on assumptions that we believe to be reasonable as of this date. We undertake no obligation to update these statements to reflect subsequent events or circumstances, except as may be required by law.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260226064547/en/

Permalink

https://www.aetoswire.com/en/news/2702202653572

Contacts

Investor contact:

Ben Nolan

IR@ventureglobalLNG.com

Media contact:

Shaylyn Hynes

press@ventureglobalLNG.com

Amazfit Introduces the Active 3 Premium: Turning Daily Movement into Meaningful Progress for Entry-Level Runners

MILPITAS, Calif. - Thursday, 26. February 2026 AETOSWire

Premium materials, a 12-day battery life and new running features provide support for those kicking off their running journey

(BUSINESS WIRE)--Amazfit, a leading global smart wearable brand owned by Zepp Health, today announced the Amazfit Active 3 Premium, a compact, 4-button smartwatch designed as an entry point into structured running and hybrid training. Made for athletes building consistency across different forms of training, the Active 3 Premium supports road running and hybrid routines that combine endurance, strength, and studio-based workouts. Its compact design makes it easy to train across environments, from neighborhood runs to studio floors, offering a capable, approachable experience without feeling overbuilt or intimidating.

Unlike high-performance racing watches that can feel overwhelming, the Active 3 Premium focuses on delivering structured training programs, accurate route navigation, and comprehensive health insights in a refined, durable design that fits seamlessly into everyday life.

“The Active 3 Premium has everything I need to stay on top of my training, but it doesn’t feel intimidating or overbuilt for someone starting their journey,” said Gabby Thomas, 5-time Olympic medalist and Amazfit ambassador. “I believe performance starts with consistency, and this watch makes it easy to stay connected to your body, your workouts, and your recovery without overthinking it.”

Train Smarter, Run Stronger

Active 3 Premium features built-in running workouts and Zepp Coach science-backed adaptive running plans created to guide users through structured effort, helping them avoid burnout while building the consistency needed for their first race. Advanced Running Metrics like posture monitoring, threshold insights, ground contact balance tracking, and rhythm analysis give users deeper visibility into their running form, helping fine-tune performance and reduce injury risk over time.

Own the Route with Advanced GPS Mapping

Supported by a six-satellite positioning system and offline maps, the Active 3 Premium allows for phone-free running with turn-by-turn navigation, automatic rerouting and point-to-point route planning. With 4GB of internal storage, users can keep their favorite podcasts and maps directly on their wrist, ensuring they stay on track without distractions.

Premium Craftsmanship Built for Everyday Performance

Crafted with a 45mm stainless-steel frame and four tactile control buttons, the watch is as durable as it is sleek and comfortable. The 1.32-inch AMOLED display is protected by scratch-resistant Sapphire Glass and features 3,000 nits peak brightness, ensuring that training data is crystal clear even in direct sunlight.

Run Farther and Charge Less

Built to go the distance, the Active 3 Premium provides up to 12 days of battery under typical use and up to 7 days under heavy activity, supporting long workouts, recovery days, and everyday wear without the interruption of frequent charging.

24/7 Health Monitoring and Smart Connectivity

Powered by Amazfit's BioTracker™ technology, the Active 3 Premium provides continuous monitoring of heart rate, blood oxygen, stress levels, sleep quality, and recovery insights, helping users better understand their body and readiness. With a built-in microphone and speaker, users can take Bluetooth calls from the wrist, and with the Zepp Flow™ voice assistant, it's easy to control features with voice commands for all-day connection.

A Robust Ecosystem of Third-Party Training Integrations

To support athletes at every level, Amazfit Active 3 Premium integrates with leading third-party training platforms including TrainingPeaks, Strava, Runna, and Intervals.icu. Through seamless syncing with the Zepp App, users can connect their preferred coaching, planning, and performance-tracking tools, ensuring workouts, training data, and activity insights flow easily between platforms

Availability

The Amazfit Active 3 Premium will be available for purchase in Apex Silver, Atlas Blue, and Aero White starting February 26, 2026, for $169.99 on Amazfit.com and Amazon.

About Amazfit

Amazfit, a global smart wearable and fitness leader is part of Zepp Health (NYSE: ZEPP), a health technology company with its principal office based in Gorinchem, the Netherlands. Zepp Health operates as a distributed organization, with team members and offices across the Americas, Europe, Asia, and other global markets.

Amazfit builds smart wearables designed around movement — training with intention, recovery with balance, and evolution over time. Built for the way people train today, Amazfit blends endurance, strength, and recovery into a single, coherent rhythm to support sustainable progress over time.

Behind Amazfit is Zepp, which builds the intelligence that supports its training experience. For more information, visit www.amazfit.com.

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Contacts

Media Contacts

Max Borges Agency for Amazfit

amazfit@maxborgesagency.com

Mary Thompson Woodbury

Head of PR, Amazfit North America

Mary.woodbury@zepp.com

Thursday, February 26, 2026

Mobileum Enables GSMA Industry Services’ Launch of VOLTIS 5G Extension, Streamlining Global 5G Roaming Verification

CUPERTINO, Calif. - Thursday, 26. February 2026 AETOSWire Print

New framework reduces bilateral testing complexity and accelerates time-to-market for next-generation roaming services

CUPERTINO, Calif.--(BUSINESS WIRE)--Mobileum Inc. (“Mobileum”), a leading global provider of analytics and network solutions, today announced its expanded role in enabling GSMA Industry Services’ launch of the VOLTIS (Voice over LTE Interoperability & Testing Service) 5G Extension Verification Program. The new extended program goes beyond the existing VoLTE/IMS verification framework to include 5G readiness verification, providing operators with a standardized path to validate next-generation roaming and interoperability.

As an appointed verification partner, Mobileum manages the end-to-end validation process, from test planning and resource validation through test execution, troubleshooting, and final reporting, delivering a streamlined, globally recognized verification experience for operators worldwide.

As 5G roaming scales globally, operators face increased complexity in validating VoLTE and 5G interoperability across international partners. The VOLTIS 5G Extension offers a standardized verification path that helps operators reduce reliance on bilateral testing, strengthen service reliability, and gain formal industry recognition. Operators can more quickly form roaming partnerships and launch services with greater confidence.

GSMA Industry Services, part of the wider global mobile industry association, provides device, network and verification services to over 2,200 customers, including mobile operators and device manufacturers.

“As operators transition to 5G, roaming interoperability becomes significantly more complex and business-critical,” stated Miguel Carames, Chief Product Officer at Mobileum. “We are excited to continue partnering with GSMA Industry Services to extend the VOLTIS program to include 5G. We believe it is critical for the industry to provide a standardized global verification path that removes friction from bilateral testing and enables operators to validate and deploy 5G roaming faster to enable transformational roaming experiences at a global scale.”

“The expansion of the VOLTIS Testing Program to include 5G readiness marks a significant step forward in strengthening end‑to‑end interoperability across the global mobile ecosystem,” stated Tyler Smith, Head of Industry Services at GSMA. “By providing a consistent and trusted framework under the GSMA Interoperability services umbrella, we are helping operators, vendors, and device manufacturers reduce testing friction, enhance service reliability, and accelerate the rollout of dependable next‑generation capabilities across all markets.”

According to GSMA Intelligence, 5G connections are forecast to reach 5.6 billion by 2030 (5G in Context, Q3 2025, Nov,2025), with 65% operating on standalone networks. At the same time, Kaleido Intelligence projects that combined wholesale and retail roaming revenues will exceed $50 billion in 2027, driven by rapid growth in 5G roaming and IoT connectivity.

As roaming traffic increases and operators sunset legacy networks, ensuring voice continuity and seamless cross-border performance becomes essential. Without proper testing and verification, operators risk roaming failures, degraded user experience, interoperability issues, customer churn, and delays in launching international partnerships.

Mobileum brings decades of experience supporting global roaming, interoperability testing, and network validation across voice, messaging, and data services. Through its roaming analytics, active testing, and signaling intelligence solutions, Mobileum helps operators assure service performance, protect roaming revenues, and accelerate the launch of new international partnerships.

The VOLTIS Verification Program and its 5G Extension are available globally to support operators across all regions.

For more details on GSMA Interoperability testing, please visit this link.

About Mobileum Inc.

Mobileum is a leading provider of Telecom analytics solutions for roaming, core network, security, risk management, domestic and international connectivity testing, and customer intelligence. More than 1,000 customers rely on its Active Intelligence platform, which provides advanced analytics solutions, allowing customers to connect deep network and operational intelligence with real-time actions that increase revenue, improve customer experience, and reduce costs. Headquartered in Silicon Valley, Mobileum has global offices in Australia, Germany, Greece, India, Japan, Portugal, Singapore, UK, and United Arab Emirates. Learn more at www.mobileum.com

About GSMA

The GSMA is a global organisation unifying the mobile ecosystem to discover, develop and deliver innovation foundational to positive business environments and societal change. Our vision is to unlock the full power of connectivity so that people, industry, and society thrive. Representing mobile operators and organisations across the mobile ecosystem and adjacent industries, the GSMA delivers for its members across three broad pillars: Connectivity for Good, Industry Services and Solutions, and Outreach. This activity includes advancing policy, tackling today’s biggest societal challenges, underpinning the technology and interoperability that make mobile work, and providing the world’s largest platform to convene the mobile ecosystem at the MWC and M360 series of events.

Find out more at www.gsma.com.

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Contacts

QUEXOR GROUP INC.

Cheryl Fritz | cfritz@quexor.com | Mob.: +1 (703) 856-5932

Media and Corporate Communications – Mobileum

Sandra Almeida | sandra.almeida@mobileum.com | Mob. +351 939650229

Hikma delivers Group revenue and profit growth and announces share buyback and leadership changes

LONDON - Thursday, 26. February 2026

Hikma Pharmaceuticals PLC (‘Hikma’ or ‘Group’), the multinational pharmaceutical company, today reports its audited results for the year ended 31 December 2025.

The Group reported revenue growth of 7% (6% in constant currency) to $3.349 billion, compared to $3.127 billion in 2024 with growth in all three geographies, North America, MENA, and Europe.

Said Darwazah, Chief Executive Officer (CEO) of Hikma, said:

“Strong momentum in our Branded and Hikma Rx businesses and growth in all our geographies enabled us to deliver Group revenue and profit growth in line with guidance and resilient margins. While our Injectables business has experienced some challenges, we are taking clear steps to address these and we are confident in the longer-term prospects for this business.

The leadership changes that we are announcing today will enable us to execute the Group strategy with more agility and greater accountability. To support this, I will relinquish my Executive Chairman responsibilities and focus fully on being CEO.

We are confident in the guidance we have set for 2026, which assumes continued strong momentum in Branded and Hikma Rx and increased investment in Injectables. Looking ahead, our focus is on delivering sustainable profit growth. I remain optimistic for the future and am committed to returning to the out-performance we and our shareholders expect. Reflecting this, and our strong cash flow generation, we have increased our total dividend by 5% and are announcing a $250 million share buyback, which we will execute over the course of the year.”

In 2025 Hikma launched 84 products across our markets. In the US, Tyzavan® was launched– an IP protected, room temperature stable, ready to use vancomycin bag – used for critical sepsis treatment in hospitals and received approval for and launched our first biosimilar product– ustekinumab. Hikma reported double-digit growth for Europe Injectables, driven by both established and new markets.

In MENA, we continued the successful roll out of palbociclib tablets and dapagliflozin tablets, enhancing our strength in oncology and diabetes treatments, respectively. In addition, we signed 14 deals in MENA during 2025, with 43 deals signed with 29 partners since 2023, and we expanded partnership with Celltrion in MENA for an additional six biosimilars.

During 2025, we became the largest pharmaceutical company, by sales, in MENA[1], up from the second largest in 2024 and the fifth largest as recently as 2020. We were also the seventh largest supplier of generic medicines in the US[2], and the third largest supplier of generic injectable products by volume[3]. In Europe, our highest growth region, our strategy is focused on supplying critical medicines, and we now have a strong competitive position in several key critical medicines across our largest European markets.

We are very encouraged by the strength of our Branded business and its ability to continuously deliver strong growth and consistently high margins. At the same time, we are successfully transforming our Hikma Rx business, adding resilience and exciting new growth opportunities that will enable us to maintain attractive margins. In Injectables we are taking the necessary steps to strengthen the business, accelerating investment and adding capabilities in sales and marketing, manufacturing, R&D, supply chain and CMO. In doing this we are aiming to strike the right balance between optimising margins and pursuing sustainable profit growth.

We expect Group revenue to grow in the range of 2% to 4%.

Share Buyback

Hikma announced a share buyback programme of up to $250 million to be executed during 2026 reflecting the Group’s strong cash generation, balance sheet strength, and the Board’s confidence in the future growth prospects of the business. The buyback has been sized to maintain balance sheet efficiency whilst leaving significant headroom for continued investment opportunities.

BOARD & MANAGEMENT CHANGES

Said Darwazah, who stepped back in as CEO in December 2025, will step down as Executive Chairman of the Board to focus exclusively on the CEO role for the next two years
Victoria Hull, previously Senior Independent Director (SID), has been appointed Chair and Douglas Hurt, our Audit Committee Chair, will assume the SID role
Mazen Darwazah will become Deputy CEO, MENA, responsible for all the Group’s activities in the MENA region, including MENA Injectables. He will also maintain his role as Executive Vice Chairman of the Board
Khalid Nabilsi, who was appointed to the Board of Directors in December 2025, will become Deputy CEO, North America and Europe and will oversee all Hikma’s activities in North America and Europe. He will step down as Chief Financial Officer (CFO)
The Board has initiated a search for a new CFO. While the search is ongoing, Areb Kurdi, currently VP, Group Financial Controller, will become Acting CFO
Hafrun Fridriksdottir, currently President, Hikma Rx, will become President, US. She will continue to lead the Hikma Rx segment and will now take responsibility for all Injectables sales in the US, in addition to her responsibilities as Global Head of R&D
All leadership and Board changes are effective immediately

Our Injectables business, which manufactures and supplies generic injectable and specialty medicines to hospitals across North America, Europe and MENA, grew core revenue 7%, to $1,423 million compared to $1,324 million in 2024, benefiting from our broad portfolio across the three geographies and the contribution from the Xellia acquisition and recent launches.

North America sales were up 5%. While we saw competition on certain larger products, this was more than offset by the contribution from the products acquired in the Xellia acquisition[4], as well as new launches.

In Europe and Rest of World (ROW) sales grew 23%. We delivered good growth across all our established and recently entered markets. Our own products grew 30%, driven by our expanding portfolio and ability to address market shortages.

In MENA, sales grew 9%, supported by the breadth of the portfolio and a strong performance from certain products in our biosimilar portfolio reflecting our position as the partner of choice in the region.

We continued to broaden and diversify our portfolio, with 50 injectable launches globally, including 22 in the US. With our new R&D centre in Zagreb, we are well positioned to develop more complex products, including ready-to-use formulations. Today we have 118 products in our pipeline, including 15 ready to use/formulations, which will drive growth over the medium to long term.

We expect Injectables revenue to grow in the low single digits.

Our Branded business, which supplies branded generics and in-licenced IP protected products across the MENA region, reported revenue growth of 10% (9% in constant currency) to reach $849 million compared to $769 million in 2024, benefiting from our leading market position and a growing and diversified portfolio of oncology products and medicines used to treat chronic illnesses.

This business is a market leader and we expect it to continue to build on its excellent momentum. We have a unique business in the region, leveraging our global expertise to meet local market needs. Over the past few years, we have been investing in enhancing our pipeline and portfolio to drive growth and margins, focusing on launching more complex and first-to-market products that are tailored to local needs. We continue to make great progress and are gaining market share in key therapeutic areas.

During 2025 we saw a noticeably strong performance from certain oncology and diabetes products, including palbociclib and dapagliflozin. We are a leader in multiple sclerosis treatments in the region, and are leveraging partnerships to bring more innovative products, such as FinjuveTM in Saudi Arabia, a novel spray in the dermatology space.

We expect Branded revenue to grow 6% to 8% in both reported and constant currency.

Hikma RX, which supplies oral, respiratory and other generic and speciality products to the North American retail market, reported revenue growth of $1,037 million compared to $1,026 million in 2024.

Hikma Rx core revenue was flat in 2025, reflecting expected price erosion across the base portfolio, offset by a strong performance on key in-market products. Hikma Rx reported revenue grew 1%.

We delivered a strong performance from our more complex products, such as generic Advair Diskus® and fluticasone nasal spray and good demand for other portfolio products including albuterol and lisdexamfetamine.

We are refocusing our efforts on R&D and submitted nine new filings during the year. We see significant potential to leverage our respiratory and nasal development and manufacturing capabilities to build an attractive pipeline for the future.

Contract manufacturing (CMO) continues to be an important part of our Hikma Rx business, and we have been making good progress readying our Columbus site for a significant upcoming contract previously messaged to the market. We will see revenues linked to this contract in 2026, with the first full year of commercial production in 2027.

We expect Hikma Rx revenue to be broadly flat.

[1] Based on internal analysis using data from the following source: IQVIA MIDAS® Monthly Value Sales data for Algeria, Egypt, Jordan, Kuwait, Lebanon, Morocco, Saudi Arabia, Tunisia and UAE, for the period: MAT December 2025, reflecting estimates of real-world activity. Copyright IQVIA. All rights reserved

[2] IQVIA MAT November 2025, includes all generic injectable and generic non-injectable products by sales

[3] IQVIA MAT November 2025, generic injectable volumes by eaches, excluding branded generics and Becton Dickinson

[4] Products acquired through the Xellia acquisition, which closed on 10 September 2024, contributed $69 million of revenue to Injectables

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Contacts

Mona Abdallah
Sr. Director, MENA Communications
MBAbdallah@Hikma.com / +962 6 5802900

NTT DATA and Ericsson Team Up to Scale Private 5G and Physical AI for Enterprises

LONDON - Thursday, 26. February 2026 AETOSWire

Private 5G delivered as a fully managed global service with consistent security and operations worldwide

Edge AI and physical AI embedded directly into enterprise connectivity for real-time, autonomous decision-making

Together, the companies help enterprises move from pilots to globally scalable, production-ready solutions

(BUSINESS WIRE)--NTT DATA, a global leader in AI, digital business and technology services, and Ericsson (NASDAQ: ERIC) today announced a multi-year strategic partnership to accelerate enterprise adoption of private 5G and unlock advanced edge AI and physical AI use cases. As organizations look to embed intelligence at the edge across global operations, the partnership will enable AI-driven, outcome-focused transformation.

NTT DATA x Ericsson

By combining Ericsson’s Private 5G and Edge platforms with NTT DATA’s full-stack enterprise network services, wireless network expertise, IT/OT security and managed services, the companies will deliver industry-ready solutions that help enterprises deploy private 5G networks and deliver business outcomes at a global scale with confidence.

The partnership will focus on four priority areas:

Global Private 5G managed services at scale: NTT DATA will act as one of Ericsson’s key global system integration and managed services providers, delivering Private 5G as a fully managed service with consistent architecture, operations and security worldwide.

AI embedded directly into enterprise connectivity: NTT DATA Edge AI agents will run on Ericsson’s enterprise Edge platforms, enabling real-time intelligence and autonomous decision-making where data is generated.

Repeatable industry solutions: The companies will be able to deliver proven private 5G, edge AI and physical AI use cases across manufacturing, mining, ports, airports, energy, transportation and smart cities, helping enterprises accelerate deployment and realize measurable ROI.

Unified global go-to-market: Joint sales, marketing and delivery will give enterprises a single, consistent path to deployment, reduce vendor complexity and speed time to value.

“Private 5G is the backbone for scaling AI in production, where autonomous systems must operate reliably and at scale, but integration complexity often remains the final hurdle,” said Alejandro Cadenas, Associate Vice-President of Worldwide Telco Research at IDC. “The combined expertise of NTT DATA and Ericsson seamlessly integrates edge AI and physical AI with enhanced connectivity, overcoming operational, scalability and accountability challenges and accelerating the deployment of AI with confidence.”

“As enterprises adopt AI at the edge, they need partners who can bring connectivity, intelligence and security together in a way that actually works in production,” said Shahid Ahmed, Global Head of Edge Services, NTT DATA, Inc. “Together with Ericsson, we can deploy these solutions faster, operate them at scale and deliver outcomes. Private 5G gives enterprises the foundation they need to achieve real, measurable impact with edge AI and physical AI deployments.”

“Ericsson has been advancing enterprise connectivity for over a decade. This extends that capability to support edge AI and physical AI at scale across industries,” said Asa Tamsons, Senior Vice President and Head of Business Area Enterprise Wireless Solutions, Ericsson. “By combining our global platforms with NTT DATA’s engineering and managed services, industry expertise and AI-driven operations, enterprises can move from experimentation to always-on, production-grade operations.”

The partnership will initially focus on high-impact use cases across industries, including:

Manufacturing: Automated quality inspection, predictive maintenance and real-time safety monitoring using sensor and vision data.

Transportation, ports and logistics: Autonomous operations driven by real-time vehicle and asset data for dynamic routing, tracking and safety.

Energy and mining: Remote and autonomous operations, intelligent inspection and AI-driven monitoring in complex and hazardous environments.

Smart cities: Intelligent traffic management, public safety monitoring and real-time optimization of energy and municipal services.

About NTT DATA

NTT DATA is a $30+ billion business and technology services leader, serving 75% of the Fortune Global 100. We are committed to accelerating client success and positively impacting society through responsible innovation. We are one of the world’s leading AI and digital infrastructure providers, with unmatched capabilities in enterprise-scale AI, cloud, security, connectivity, data centers and application services. Our consulting and industry solutions help organizations and society move confidently and sustainably into the digital future. As a Global Top Employer, we have experts in more than 70 countries. We also offer clients access to a robust ecosystem of innovation centers as well as established and start-up partners. NTT DATA is part of NTT Group, which invests over $3 billion each year in R&D. Visit us at nttdata.com

About Ericsson

Ericsson's high-performing networks provide connectivity for billions of people every day. For nearly 150 years, we've been pioneers in creating technology for communication. We offer mobile communication and connectivity solutions for service providers and enterprises. Together with our customers and partners, we make the digital world of tomorrow a reality. www.ericsson.com

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Contacts

Media Contact

Lori.bosio@global.ntt

HEI UAE Launches First Purpose-Built Finnish Early Learning Centre in the UAE

External image - may not work when published

Flagship Centre in Arabian Ranches 1 Marks Milestone for Early Childhood Education in Dubai

CORRECTION AND REPLACEMENT: the photo has been changed

HEI UAE, an exclusive partnership between Ghobash Group and Finland’s HEI Schools, is bringing its globally recognised early childhood education model to Dubai with the launch of its first purpose-built flagship centre in Arabian Ranches 1.

Following the groundbreaking in November 2025, construction is now progressing on the centre, marking a key milestone in introducing Finland’s world-leading approach to early years education to families across the UAE.

Designed as a purpose-built environment for children aged 0–6, the 24,500 square foot flagship centre will offer a carefully curated mix of learning, play, and wellbeing spaces. These include dedicated zones for exploration, creativity, and physical development, alongside both indoor and outdoor environments that support social interaction, movement, and nature-based learning.

HEI UAE forms part of a growing global network of HEI Schools, currently serving more than 1,700 children across 25+ centres worldwide. Rooted in Finland’s internationally recognised education system, the model is built on purposeful play, child-led learning, and the consistent involvement of highly trained educators, with a strong emphasis on each child’s overall development.

Commenting on the progress, Sari Saliba, General Manager of HEI UAE, said:
“We are pleased to see the project advancing in Arabian Ranches, bringing us closer to introducing a fundamentally different approach to early learning in the UAE. Our focus is on creating an environment where children develop naturally — academically, socially, and emotionally — supported by a model that has been proven globally.”

HEI UAE is part of Ghobash Group, a diversified family-owned group with a long-standing commitment to contributing to the UAE’s development and investing in sectors that create long-term impact.

Rashid Ghobash, Managing Director of Ghobash Group, added:
“Our focus has always been on investing in areas that create meaningful, long-term value. Education is central to that. Bringing a model of this calibre to the UAE reflects both the ambition we have for the sector and the role we see ourselves playing in shaping it. This is an important first step, and we see significant potential to build on it over time.”

Located in Arabian Ranches 1, the flagship centre has been positioned within a well-established residential community, offering accessibility to families seeking a high-quality early learning environment aligned with international standards.

About HEI UAE

HEI UAE, a Ghobash Group enterprise, is an exclusive partnership with Helsinki International Schools, bringing Finland’s globally recognised early childhood education model to the UAE.

The research-backed curriculum focuses on the holistic development of each child, spanning social, emotional, physical, and cognitive growth, and is supported by comprehensive teacher training delivered by HEI mentors from Finland.

For more information, visit HEIUAE.ae, or follow HEI UAE on Instagram, Facebook, and LinkedIn.

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Contacts

Tony Hamad
Group Marketing Director
+971 4 5961800