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SS&C Technologies Releases Q2 2024 Earnings Results, Announces $1 Billion Common Stock Repurchase Program

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Q2 2024 GAAP revenue $1,451.5 million, up 6.5%, Fully Diluted GAAP Earnings Per Share $0.75, up 47.1%

Record Adjusted revenue $1,452.4 million, up 6.5%, Adjusted Diluted Earnings Per Share $1.27, up 17.6%

WINDSOR, Conn., July 25, 2024 /PRNewswire/ — SS&C Technologies Holdings, Inc. (NASDAQ: SSNC), a global provider of investment, financial and healthcare software and software-enabled services, today announced its financial results for the second quarter ended June 30, 2024.

Three Months Ended
June 30,

Six Months Ended
June 30,

(in millions, except per share data):

2024

2023

Change

2024

2023

Change

GAAP Results

Revenue

$1,451.5

$1,362.6

6.5 %

$2,886.5

$2,725.3

5.9 %

Operating income

327.6

288.2

13.7 %

660.5

568.3

16.2 %

Operating income margin

22.6 %

21.2 %

140 bps

22.9 %

20.9 %

200 bps

Diluted earnings per share attributable to
SS&C

$0.75

$0.51

47.1 %

$1.38

$1.00

38.0 %

Net income attributable to SS&C

190.3

130.7

45.6 %

347.9

256.7

35.5 %

Adjusted Non-GAAP Results (defined in Notes 1 – 4 below)

Adjusted revenue

$1,452.4

$1,363.4

6.5 %

$2,888.2

$2,726.8

5.9 %

Adjusted operating income attributable to
SS&C

541.7

485.8

11.5 %

1,081.7

978.8

10.5 %

Adjusted operating income margin

37.3 %

35.6 %

170 bps

37.5 %

35.9 %

160 bps

Adjusted diluted earnings per share
attributable to SS&C

$1.27

$1.08

17.6 %

$2.55

$2.22

14.9 %

Adjusted consolidated EBITDA attributable
to SS&C

558.9

502.4

11.2 %

1,115.7

1,011.3

10.3 %

Adjusted consolidated EBITDA margin

38.5 %

36.8 %

170 bps

38.6 %

37.1 %

150 bps

Second Quarter 2024 Highlights:

Q2 2024 GAAP Revenue growth and Adjusted Revenue growth were 6.5 percentAdjusted Organic Revenue Growth was 6.4 percent, Financial Services Recurring Revenue Growth was 7.7 percent.Q2 2024 we bought back 3.7 million shares for $227.0 million, at an average price of $62.17 per share. This is the highest share buyback of any quarter in our history.SS&C reported GAAP net income attributable to SS&C of $190.3 million, up 45.6 percent and adjusted consolidated EBITDA attributable to SS&C of $558.9 million for Q2 2024, up 11.2 percent.GAAP operating income margin for Q2 2024 was 22.6 percent. Adjusted consolidated EBITDA margin for Q2 2024 was 38.5 percent.SS&C will host a 2024 Analyst Day on September 18th at the Nasdaq Marketsite in New York City.SS&C Deliver, our annual client conference, will be October 6-8 in New Orleans, Louisiana, and will feature David Rubenstein, co-Founder and co-Chairman of the Carlyle Group as our keynote speaker.

“SS&C’s momentum continued into the second quarter; we reported 6.4 percent organic revenue growth and $1.27 in adjusted diluted EPS, up 17.6 percent” says Bill Stone, Chairman and Chief Executive Officer. “The strong results SS&C delivered in the first half of 2024 are indicative of the work we have put in over the last few years. We will continue to be aggressive with stock buy backs as long as we feel our stock is undervalued. Our goal is to maximize long term shareholder value.”

Operating Cash Flow

SS&C generated net cash from operating activities of $565.4 million for the six months ended June 30, 2024, compared to $584.2 million for the same period in 2023, a 3.2% decrease.  SS&C ended the second quarter with $462.7 million in cash and cash equivalents and $6,653.1 million in gross debt.  SS&C’s net debt balance as defined in our credit agreement, which excludes cash and cash equivalents of $88.5 million held at DomaniRx, LLC was $6,278.9 million as of June 30, 2024.  SS&C’s consolidated net leverage ratio as defined in our credit agreement stood at 2.84 times consolidated EBITDA attributable to SS&C as of June 30, 2024. SS&C’s net secured leverage ratio stood at 1.60 times consolidated EBITDA attributable to SS&C as of June 30, 2024.

SS&C Announces $1 Billion Common Stock Repurchase Program

SS&C announced that as part of the Company’s capital allocation strategy to maximize long-term stockholder value, its Board of Directors (“Board”) has authorized the renewal of the stock repurchase program, which will enable the Company to repurchase up to $1 billion in the aggregate of the Company’s outstanding shares of common stock. Under the renewed program, SS&C’s proposed repurchases may be made from time to time in one or more transactions on the open market or in privately negotiated purchase and/or through other legally permissible means, depending on market conditions and in accordance with applicable rules and regulations promulgated under the Securities Exchange Act of 1934, as amended.

The timing and amount of any shares repurchased will be determined by the Company’s management based on its evaluation of market conditions and other factors. Repurchases may also be made under a Rule 10b5-1 plan, which would permit shares to be repurchased when the Company might otherwise be precluded from doing so under insider trading laws. The repurchase program may be suspended or discontinued at any time. Any repurchased shares will be available for use in connection with the SS&C’s stock plans and for other corporate purposes. The Company’s authority to repurchase shares under the renewed program shall continue until the one year anniversary of the Board’s authorization, unless earlier terminated by the Board.

Guidance

Q3 2024

FY 2024

Adjusted Revenue ($M)

$1,420.0 – $1,460.0

$5,706.2 – $5,866.2  

Adjusted Net Income attributable to SS&C ($M)

$304.6 – $320.6

$1,246.3 – $1,326.3

Interest Expense1 ($M)

$107.0 – $109.0

$435.0 – $443.0

Adjusted Diluted Earnings per Share attributable to SS&C

$1.21 – $1.27

$4.98 – $5.22

Cash from Operating Activities ($M)

$1,305.0 – $1,385.0

Capital Expenditures (% of revenue)

4.1% – 4.5%

Diluted Shares (M)

251.6 – 252.6

250.9 – 253.9

Effective Income Tax Rate (%)

26 %

26 %

1Interest expense is net of deferred financing cost amortization and original issue discount

SS&C does not provide reconciliations of guidance for Adjusted Revenues and Adjusted Net Income to comparable GAAP measures, in reliance on the unreasonable efforts exception provided under Item 10(e)(1)(i)(B) of Regulation S-K.  SS&C is unable, without unreasonable efforts, to forecast certain items required to develop meaningful comparable GAAP financial measures.  These items include acquisition transactions and integration, foreign exchange rate changes, as well as other non-cash and other adjustments as defined under the Company’s Credit agreement, that are difficult to predict in advance in order to include in a GAAP estimate.  The unavailable information could have a significant impact on Q3 2024 and FY 2024 GAAP financial results.

Non-GAAP Financial Measures

Adjusted revenue, adjusted operating income, adjusted consolidated EBITDA, adjusted net income and adjusted diluted earnings per share are non-GAAP measures.  See the accompanying notes for the reconciliations and definitions for each of these non-GAAP measures and the reasons our management believes these measures provide useful information to investors regarding our financial condition and results of operations.

Earnings Call and Press Release

SS&C’s second quarter 2024 earnings call will take place at 5:00 p.m. eastern time today, July 25, 2024.  The call will discuss second quarter 2024 results.  Interested parties may dial 888-210-4650 (US and Canada) or 646-960-0327 (International), and request the “SS&C Technologies Second Quarter 2024 Earnings Conference Call”; conference ID #4673675.  In connection with the earnings call, a presentation will be available on SS&C’s website at www.ssctech.com.  The call will be available for replay via the webcast on SS&C’s website; access: https://investor.ssctech.com/financials/quarterly-results/default.aspx

Certain information contained in this press release relating to, among other things, the Company’s financial guidance for the third quarter and full year of 2024 constitute forward-looking statements for purposes of the safe harbor provisions under the Private Securities Litigation Reform Act of 1995.  Forward-looking statements include statements concerning plans, objectives, goals, strategies, expectations, intentions, projections, developments, future events, performance, underlying assumptions, and other statements that are other than statements of historical facts. Without limiting the foregoing, the words “believes”, “anticipates”, “plans”, “expects”, “estimates”, “projects”, “forecasts”, “may”, “assume”, “intend”, “will”, “continue”, “opportunity”, “predict”, “potential”, “future”, “guarantee”, “likely”, “target”, “indicate”, “would”, “could” and “should” and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements are accompanied by such words.  Such statements reflect management’s best judgment based on factors currently known but are subject to risks and uncertainties, which could cause actual results to differ materially from those anticipated.  Such risks and uncertainties include, but are not limited to, the state of the economy and the financial services industry and other industries in which the Company’s clients operate, the Company’s ability to realize anticipated benefits from its acquisitions, including DST Systems, Inc., the effect of customer consolidation on demand for the Company’s products and services, the increasing focus of the Company’s business on the hedge fund industry, the variability of revenue as a result of activity in the securities markets, the ability to retain and attract clients, fluctuations in customer demand for the Company’s products and services, the intensity of competition with respect to the Company’s products and services, the exposure to litigation and other claims, terrorist activities and other catastrophic events, disruptions, attacks or failures affecting the Company’s software-enabled services, risks associated with the Company’s foreign operations, privacy concerns relating to the collection and storage of personal information, evolving regulations and increased scrutiny from regulators, the Company’s ability to protect intellectual property assets and litigation regarding intellectual property rights, delays in product development, investment decisions concerning cash balances, regulatory and tax risks, risks associated with the Company’s joint ventures, changes in accounting standards, risks related to the Company’s substantial indebtedness, the market price of the Company’s stock prevailing from time to time, and the risks discussed in the “Risk Factors” section of the Company’s most recent Annual Report on Form 10-K and Quarterly Report on Form 10-Q, which are on file with the Securities and Exchange Commission and can also be accessed on our website.  Forward-looking statements speak only as of the date on which they are made and, except to the extent required by applicable securities laws, we undertake no obligation to update or revise any forward-looking statements.

About SS&C Technologies

SS&C is a global provider of services and software for the financial services and healthcare industries. Founded in 1986, SS&C is headquartered in Windsor, Connecticut, and has offices around the world. Some 20,000 financial services and healthcare organizations, from the world’s largest companies to small and mid-market firms, rely on SS&C for expertise, scale, and technology.

Follow SS&C on Twitter, LinkedIn and Facebook.

 

SS&C Technologies Holdings, Inc. and Subsidiaries

Condensed Consolidated Statements of Comprehensive Income

(in millions, except per share data)

(unaudited)

Three Months Ended June 30,

Six Months Ended June 30,

2024

2023

2024

2023

Revenues:

Software-enabled services

$

1,192.4

$

1,106.5

$

2,380.1

$

2,220.7

License, maintenance and related

259.1

256.1

506.4

504.6

Total revenues

1,451.5

1,362.6

2,886.5

2,725.3

Cost of revenues:

Software-enabled services

654.0

628.6

1,287.8

1,259.6

License, maintenance and related

99.2

92.9

193.2

187.6

Total cost of revenues

753.2

721.5

1,481.0

1,447.2

Gross profit

698.3

641.1

1,405.5

1,278.1

Operating expenses:

Selling and marketing

142.6

137.1

283.5

276.9

Research and development

128.7

119.6

249.6

237.8

General and administrative

99.4

96.2

211.9

195.1

Total operating expenses

370.7

352.9

745.0

709.8

Operating income

327.6

288.2

660.5

568.3

Interest expense, net

(113.3)

(118.0)

(229.3)

(229.9)

Other income, net

0.6

14.9

7.2

20.3

Equity in earnings of unconsolidated affiliates, net

17.3

9.4

19.6

15.1

Loss on extinguishment of debt

(27.7)

(28.8)

(0.6)

Income before income taxes

204.5

194.5

429.2

373.2

Provision for income taxes

13.8

63.6

80.5

116.1

Net income

190.7

130.9

348.7

257.1

Net income attributable to noncontrolling interest

(0.4)

(0.2)

(0.8)

(0.4)

Net income attributable to SS&C common stockholders

$

190.3

$

130.7

$

347.9

$

256.7

Basic earnings per share attributable to SS&C common stockholders

$

0.77

$

0.53

$

1.41

$

1.03

Diluted earnings per share attributable to SS&C common stockholders

$

0.75

$

0.51

$

1.38

$

1.00

Basic weighted-average number of common shares outstanding

246.2

248.5

246.6

249.5

Diluted weighted-average number of common and common equivalent

shares outstanding

252.3

255.0

252.7

256.0

Net income

$

190.7

$

130.9

$

348.7

$

257.1

Other comprehensive income (loss), net of tax:

Foreign currency exchange translation adjustment

2.7

66.2

(44.9)

108.2

Change in defined benefit pension obligation

0.1

(0.1)

0.1

Total other comprehensive income (loss), net of tax

2.8

66.1

(44.8)

108.2

Comprehensive income

193.5

197.0

303.9

365.3

Comprehensive income attributable to noncontrolling interest

(0.4)

(0.2)

(0.8)

(0.4)

Comprehensive income attributable to SS&C common stockholders

$

193.1

$

196.8

$

303.1

$

364.9

 

SS&C Technologies Holdings, Inc. and Subsidiaries

Condensed Consolidated Balance Sheets

(in millions)

(unaudited)

June 30,

December 31,

2024

2023

Assets

Current assets:

Cash and cash equivalents

$

462.7

$

432.2

Funds receivable and funds held on behalf of clients

1,624.2

2,615.6

Accounts receivable, net

868.4

799.4

Contract asset

40.7

36.1

Prepaid expenses and other current assets

132.8

165.8

Restricted cash

3.3

2.4

Total current assets

3,132.1

4,051.5

Property, plant and equipment, net

304.7

315.3

Operating lease right-of-use assets

203.9

221.4

Investments

181.2

184.7

Unconsolidated affiliates

337.1

345.2

Contract asset

101.7

99.7

Goodwill

8,935.3

8,969.5

Intangible and other assets, net

3,709.2

3,915.2

Total assets

$

16,905.2

$

18,102.5

Liabilities and Equity

Current liabilities:

Current portion of long-term debt

$

39.0

$

51.5

Client funds obligations

1,624.2

2,615.6

Accounts payable

57.2

80.3

Income taxes payable

1.0

22.3

Accrued employee compensation and benefits

221.6

270.2

Interest payable

36.1

29.4

Other accrued expenses

229.7

232.3

Deferred revenue

482.9

470.3

Total current liabilities

2,691.7

3,771.9

Long-term debt, net of current portion

6,575.1

6,668.5

Operating lease liabilities

183.0

199.1

Other long-term liabilities

198.9

248.7

Deferred income taxes

769.7

816.6

Total liabilities

10,418.4

11,704.8

SS&C stockholders’ equity

6,427.9

6,339.6

Noncontrolling interest

58.9

58.1

Total equity

6,486.8

6,397.7

Total liabilities and equity

$

16,905.2

$

18,102.5

 

SS&C Technologies Holdings, Inc. and Subsidiaries

Condensed Consolidated Statements of Cash Flows

(in millions)

(unaudited)

Six Months Ended June 30,

2024

2023

Cash flow from operating activities:

Net income

$

348.7

$

257.1

Adjustments to reconcile net income to net cash provided by operating activities:

Depreciation and amortization

333.0

331.8

Equity in earnings of unconsolidated affiliates, net

(19.6)

(15.1)

Distributions received from unconsolidated affiliates

2.5

16.2

Stock-based compensation expense

95.7

75.4

Net losses (gains) on investments

0.6

(1.8)

Amortization and write-offs of loan origination costs and original issue discounts

5.2

6.9

Loss on extinguishment of debt

28.8

0.6

(Gain) loss on sale or disposition of property and equipment

(0.1)

6.9

Deferred income taxes

(49.4)

(52.7)

Provision for credit losses

9.7

8.0

Changes in operating assets and liabilities, excluding effects from acquisitions:

Accounts receivable

(83.3)

(28.2)

Prepaid expenses and other assets

16.5

62.7

Contract assets

(7.2)

9.0

Accounts payable

(37.4)

(5.0)

Accrued expenses and other liabilities

(90.2)

(106.4)

Income taxes prepaid and payable

(8.3)

0.9

Deferred revenue

20.2

17.9

Net cash provided by operating activities

565.4

584.2

Cash flow from investing activities:

Cash paid for business acquisitions, net of cash acquired and asset acquisitions

(0.9)

(0.1)

Additions to property and equipment

(15.8)

(24.2)

Proceeds from sale of property and equipment

3.2

Additions to capitalized software

(100.2)

(97.2)

Proceeds from sales / maturities of investments

0.2

2.1

Distributions received from unconsolidated affiliates

24.5

Collection of other non-current receivables

5.0

5.0

Net cash used in investing activities

(84.0)

(114.4)

Cash flow from financing activities:

Cash received from debt borrowings, net of original issue discount

4,745.0

175.0

Repayments of debt

(4,850.1)

(344.8)

Payment of deferred financing fees

(30.0)

Net decrease in client funds obligations

(1,151.6)

(613.6)

Proceeds from exercise of stock options

103.7

45.1

Withholding taxes paid related to equity award net share settlement

(14.9)

(1.6)

Purchases of common stock for treasury

(279.9)

(244.1)

Dividends paid on common stock

(119.8)

(101.2)

Net cash used in financing activities

(1,597.6)

(1,085.2)

Effect of exchange rate changes on cash, cash equivalents and restricted cash

(3.9)

0.6

Net decrease in cash, cash equivalents and restricted cash

(1,120.1)

(614.8)

Cash, cash equivalents and restricted cash, beginning of period

2,998.6

1,337.6

Cash, cash equivalents and restricted cash and cash equivalents, end of period

$

1,878.5

$

722.8

Reconciliation of cash, cash equivalents and restricted cash and cash equivalents:

Cash and cash equivalents

$

462.7

$

439.7

Restricted cash and cash equivalents

3.3

2.5

Restricted cash and cash equivalents included in funds receivable and funds held on behalf of
clients

1,412.5

280.6

$

1,878.5

$

722.8

SS&C Technologies Holdings, Inc. and Subsidiaries
Disclosures Relating to Non-GAAP Financial Measures

Note 1. Reconciliation of Revenues to Adjusted Revenues

Adjusted revenues represents revenues adjusted to include a) amounts that would have been recognized if deferred revenue were not adjusted to fair value at the date of acquisition and b) amounts that would have been recognized if not for adjustments to deferred revenue and retained earnings related to the adoption of ASC 606.  Adjusted revenues is presented because we use this measure to evaluate performance of our business against prior periods and believe it is a useful indicator of the underlying performance of our business.  Adjusted revenues is not a recognized term under generally accepted accounting principles (“GAAP”).  Adjusted revenues does not represent revenues, as that term is defined under GAAP, and should not be considered as an alternative to revenues as an indicator of our operating performance.  Adjusted revenues as presented herein is not necessarily comparable to similarly titled measures presented by other companies.  Below is a reconciliation of adjusted revenues to revenues, the GAAP measure we believe to be most directly comparable to adjusted revenues.

Three Months Ended June 30,

Six Months Ended June 30,

(in millions)

2024

2023

2024

2023

Revenues

$

1,451.5

$

1,362.6

$

2,886.5

$

2,725.3

ASC 606 adoption impact

(0.7)

(0.8)

(1.5)

(1.7)

Purchase accounting adjustments impact on revenue

1.6

1.6

3.2

3.2

Adjusted revenues

$

1,452.4

$

1,363.4

$

2,888.2

$

2,726.8

The following is a breakdown of software-enabled services and license, maintenance and related revenues and adjusted software-enabled services and license, maintenance and related revenues.

Three Months Ended June 30,

Six Months Ended June 30,

(in millions)

2024

2023

2024

2023

Software-enabled services

$

1,192.4

$

1,106.5

$

2,380.1

$

2,220.7

License, maintenance and related

259.1

256.1

506.4

504.6

Total revenues

$

1,451.5

$

1,362.6

$

2,886.5

$

2,725.3

Software-enabled services

$

1,193.3

$

1,107.4

$

2,381.8

$

2,222.3

License, maintenance and related

259.1

256.0

506.4

504.5

Total adjusted revenues

$

1,452.4

$

1,363.4

$

2,888.2

$

2,726.8

Note 2. Reconciliation of Operating Income to Adjusted Operating Income

Adjusted operating income represents operating income adjusted for amortization of intangible assets, stock-based compensation, purchase accounting adjustments for deferred revenue and related costs, ASC 606 adoption impact and other expenses.  Adjusted operating income is presented because we use this measure to evaluate performance of our business and believe it is a useful indicator of our underlying performance.  Adjusted operating income is not a recognized term under GAAP.  Adjusted operating income does not represent operating income, as that term is defined under GAAP, and should not be considered as an alternative to operating income as an indicator of our operating performance.  Adjusted operating income as presented herein is not necessarily comparable to similarly titled measures by other companies.  The following is a reconciliation between adjusted operating income and operating income, the GAAP measure we believe to be most directly comparable to adjusted operating income.

Three Months Ended June 30,

Six Months Ended June 30,

(in millions)

2024

2023

2024

2023

Operating income

$

327.6

$

288.2

$

660.5

$

568.3

Amortization of intangible assets

149.1

147.9

296.7

294.7

Stock-based compensation

50.6

33.5

95.7

75.4

Purchase accounting adjustments (1)

3.1

3.6

6.1

8.4

ASC 606 adoption impact

(0.6)

(0.8)

(1.3)

(1.5)

Acquisition related (2)

0.3

3.1

1.1

5.4

Facilities and workforce restructuring

7.4

10.9

19.6

28.7

Other (3)

5.3

5.5

0.6

Adjusted operating income

$

542.8

$

486.4

$

1,083.9

$

980.0

Adjusted operating income attributable to noncontrolling interest (4)

(1.1)

(0.6)

(2.2)

(1.2)

Adjusted operating income attributable to SS&C common stockholders

$

541.7

$

485.8

$

1,081.7

$

978.8

(1)

Purchase accounting adjustments include (a) an adjustment to increase revenues by the amount that would have been recognized

if deferred revenue were not adjusted to fair value at the date of acquisition, (b) an adjustment to increase personnel and

commissions expense by the amount that would have been recognized if prepaid commissions and deferred personnel costs were

not adjusted to fair value at the date of the acquisitions and (c) an adjustment to decrease depreciation expense by the amount that

would not have been recognized if property, plant and equipment were not adjusted to fair value at the date of acquisition.

(2)

Acquisition related includes costs related to both current acquisitions and the resolution of pre-acquisition matters for prior period

acquisitions.

(3)

Other includes additional expenses and income that are permitted to be excluded per the terms of our Credit Agreement from

Consolidated EBITDA, a financial measure used in calculating our covenant compliance.

(4)

In 2021, we entered into a joint venture named DomaniRx, LLC in which we are the majority interest holder and primary

beneficiary.  As such, we consolidate DomaniRx, LLC as a variable interest entity. Adjusted operating income attributable to

noncontrolling interest represents adjusted operating income based on the ownership interest retained by the respective

noncontrolling parties.

Note 3. Reconciliation of Net Income to EBITDA, Consolidated EBITDA and Adjusted Consolidated EBITDA

EBITDA represents net income before interest expense, income taxes, depreciation and amortization.  Consolidated EBITDA, defined under our Credit Agreement entered into in April 2018, as amended, is used in calculating covenant compliance, and is EBITDA adjusted for certain items.  Consolidated EBITDA is calculated by subtracting from or adding to EBITDA items of income or expense described below.  Adjusted Consolidated EBITDA is calculated by subtracting acquired EBITDA (as defined below) from Consolidated EBITDA. EBITDA, Consolidated EBITDA and Adjusted Consolidated EBITDA are presented because we use these measures to evaluate performance of our business and believe them to be useful indicators of an entity’s debt capacity and its ability to service debt.  EBITDA, Consolidated EBITDA and Adjusted Consolidated EBITDA are not recognized terms under GAAP and should not be considered in isolation or as alternatives to operating income, net income or cash flows from operating activities as indicators of our operating performance.  These measures are not necessarily comparable to similarly titled measures by other companies.  The following is a reconciliation of EBITDA, Consolidated EBITDA and Adjusted Consolidated EBITDA to net income.

Three Months Ended June 30,

Six Months Ended June 30,

Twelve
Months
Ended
June 30,

(in millions)

2024

2023

2024

2023

2024

Net income

$

190.7

$

130.9

$

348.7

$

257.1

$

700.2

Interest expense, net

113.3

118.0

229.3

229.9

469.2

Provision for income taxes

13.8

63.6

80.5

116.1

213.4

Depreciation and amortization

167.5

166.0

333.0

331.8

671.6

EBITDA

485.3

478.5

991.5

934.9

2,054.4

Stock-based compensation

50.6

33.5

95.7

75.4

179.7

Acquired EBITDA and cost savings (1)

Loss on extinguishment of debt

27.7

28.8

0.6

30.4

Equity in earnings of unconsolidated affiliates, net

(17.3)

(9.4)

(19.6)

(15.1)

(104.6)

Purchase accounting adjustments (2)

1.9

2.3

3.8

4.3

8.7

ASC 606 adoption impact

(0.6)

(0.8)

(1.3)

(1.5)

(2.9)

Foreign currency translation losses

1.1

1.7

5.8

1.2

4.4

Investment gains (3)

(1.4)

(3.0)

(12.0)

(14.2)

(16.7)

Facilities and workforce restructuring

7.5

10.9

19.7

28.7

47.7

Acquisition related (4)

0.1

(7.5)

0.9

(5.2)

6.1

Other (5)

5.1

(3.2)

4.6

3.4

8.8

Consolidated EBITDA

$

560.0

$

503.0

$

1,117.9

$

1,012.5

$

2,216.0

Acquired EBITDA and cost savings (1)

Adjusted Consolidated EBITDA

$

560.0

$

503.0

$

1,117.9

$

1,012.5

$

2,216.0

Adjusted Consolidated EBITDA attributable to noncontrolling interest (6)

(1.1)

(0.6)

(2.2)

(1.2)

(3.9)

Adjusted Consolidated EBITDA attributable to SS&C common stockholders

$

558.9

$

502.4

$

1,115.7

$

1,011.3

$

2,212.1

(1)

Acquired EBITDA reflects the EBITDA impact of significant businesses that were acquired during the period as if the acquisition

occurred at the beginning of the period, as well as cost savings enacted in connection with acquisitions.

(2)

Purchase accounting adjustments include (a) an adjustment to increase revenues by the amount that would have been recognized

if deferred revenue were not adjusted to fair value at the date of acquisitions (b) an adjustment to increase personnel and

commissions expense by the amount that would have been recognized if prepaid commissions and deferred personnel costs were

not adjusted to fair value at the date of the acquisitions and (c) an adjustment to increase or decrease rent expense by the amount

that would have been recognized if lease obligations were not adjusted to fair value at the date of acquisitions.

(3)

Investment gains includes unrealized fair value adjustments of investments and dividend income received on investments.

(4)

Acquisition related includes costs related to both current acquisitions and the resolution of pre-acquisition matters for prior period

acquisitions.

(5)

Other includes additional expenses and income that are permitted to be excluded per the terms of our Credit Agreement from

Consolidated EBITDA, a financial measure used in calculating our covenant compliance. 

(6)

In 2021, we entered into a joint venture named DomaniRx, LLC in which we are the majority interest holder and primary

beneficiary.  As such, we consolidate DomaniRx, LLC as a variable interest entity. Adjusted Consolidated EBITDA attributable

to noncontrolling interest represents adjusted Consolidated EBITDA based on the ownership interest retained by the respective

noncontrolling parties.

Note 4. Reconciliation of Net Income to Adjusted Net Income and Diluted Earnings Per Share Attributable to SS&C to Adjusted Diluted Earnings Per Share Attributable to SS&C

Adjusted net income and adjusted diluted earnings per share attributable to SS&C represent net income and earnings per share attributable to SS&C before amortization of intangible assets and deferred financing costs, stock-based compensation, purchase accounting adjustments and other items.  We consider adjusted net income and adjusted diluted earnings per share attributable to SS&C to be important to management and investors because they represent our operational performance exclusive of the effects of amortization of intangible assets and deferred financing costs, stock-based compensation, purchase accounting adjustments, loss on extinguishment of debt and other items, that are not operational in nature or comparable to those of our competitors.  Adjusted net income and adjusted diluted earnings per share are not recognized terms under GAAP.  Adjusted net income and adjusted diluted earnings per share do not represent net income or diluted earnings per share, as those terms are defined under GAAP, and should not be considered as alternatives to net income or diluted earnings per share as indicators of our operating performance.  Adjusted net income and adjusted diluted earnings per share attributable to SS&C as presented herein are not necessarily comparable to similarly titled measures presented by other companies.  Below is a reconciliation of adjusted net income and adjusted diluted earnings per share attributable to SS&C to net income and diluted earnings per share attributable to SS&C, the GAAP measures we believe to be most directly comparable to adjusted net income and adjusted diluted earnings per share.

Three Months Ended June 30,

Six Months Ended June 30,

(in millions, except per share data)

2024

2023

2024

2023

GAAP – Net income

$

190.7

$

130.9

$

348.7

$

257.1

Amortization of intangible assets

149.1

147.9

296.7

294.7

Amortization of deferred financing costs and original issue discount

2.0

3.4

5.3

6.9

Stock-based compensation

50.6

33.5

95.7

75.4

Loss on extinguishment of debt

27.7

28.8

0.6

Purchase accounting adjustments (1)

3.1

3.6

6.1

8.4

ASC 606 adoption impact

(0.6)

(0.8)

(1.3)

(1.5)

Equity in earnings of unconsolidated affiliates, net

(17.3)

(9.4)

(19.6)

(15.1)

Foreign currency translation losses

1.1

1.7

5.8

1.2

Investment losses (gains) (2)

0.7

(0.8)

0.6

(1.8)

Facilities and workforce restructuring

7.5

10.9

19.7

28.7

Acquisition related (3)

0.1

(7.5)

0.9

(5.2)

Other (4)

5.2

(2.9)

4.5

3.9

Income tax effect (5)

(99.0)

(33.7)

(146.3)

(83.9)

Adjusted net income

$

320.9

$

276.8

$

645.6

$

569.4

Adjusted net income attributable to noncontrolling interest (6)

(1.3)

(0.6)

(2.4)

(1.2)

Adjusted net income attributable to SS&C common stockholders

$

319.6

$

276.2

$

643.2

$

568.2

Adjusted diluted earnings per share attributable to SS&C common
stockholders

$

1.27

$

1.08

$

2.55

$

2.22

GAAP diluted earnings per share attributable to SS&C common
stockholders

$

0.75

$

0.51

$

1.38

$

1.00

Diluted weighted-average shares outstanding

252.3

255.0

252.7

256.0

(1)

Purchase accounting adjustments include (a) an adjustment to increase revenues by the amount that would have been recognized
if deferred revenue were not adjusted to fair value at the date of acquisition, (b) an adjustment to increase personnel and
commissions expense by the amount that would have been recognized if prepaid commissions and deferred personnel costs were
not adjusted to fair value at the date of the acquisitions and (c) an adjustment to decrease depreciation expense by the amount that
would not have been recognized if property, plant and equipment were not adjusted to fair value at the date of acquisition.

(2)

Investment gains includes unrealized fair value adjustments of investments.  In prior periods, investment gains also included
dividend income received on investments.  Prior period amounts have been revised for consistent presentation.

(3)

Acquisition related includes costs related to both current acquisitions and the resolution of pre-acquisition matters for prior period
acquisitions.

(4)

Other includes additional expenses and income that are permitted to be excluded per the terms of our Credit Agreement from
Consolidated EBITDA, a financial measure used in calculating our covenant compliance. 

(5)

An estimated normalized effective tax rate of approximately 26% for the three and six months ended June 30, 2024 and 2023 has
been used to adjust the provision for income taxes for the purpose of computing adjusted net income.

(6)

In 2021, we entered into a joint venture named DomaniRx, LLC in which we are the majority interest holder and primary
beneficiary.  As such, we consolidate DomaniRx, LLC as a variable interest entity. Adjusted net income attributable to
noncontrolling interest represents adjusted net income based on the ownership interest retained by the respective noncontrolling
parties.

 

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2CRSi SA: Annual Revenue of €416.2 Million¹, Up 88% for Fiscal Year 2025/26

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STRASBOURG, France, July 23, 2026 /PRNewswire/ — 2CRSi (ISIN: FR0013341781), a designer and manufacturer of high-performance, energy-efficient servers, today reports its revenue for fiscal year 2025/26. Over the period, the Group generated revenue of €416.2 million[1], an increase of more than 88% compared with fiscal year 2024/25 (€220.7 million).

Another Record-Breaking Year

This performance reflects the Group’s strong commercial momentum as well as the success of the strategic transformation launched nearly two years ago to position 2CRSi in the Artificial Intelligence infrastructure market.

Initially set at €300 million at the beginning of the fiscal year[2], then raised to more than €400 million in March 2026[3], the revenue target has now been exceeded, demonstrating the Group’s ability to anticipate market developments and successfully execute its commercial growth strategy in the rapidly expanding global Artificial Intelligence market. As a reminder, the €610 million framework agreement referred to in our detailed response[4] of July 16, 2026 generated no revenue during fiscal year 2025/26: the year’s growth was entirely driven by other orders that were delivered and invoiced.

Increasing Diversification of the Customer Portfolio

The portfolio of the Group’s main customers invoiced during the fiscal year consists predominantly of new customers signed during the period, demonstrating the Group’s ability to win new strategic accounts and rapidly convert its commercial pipeline into revenue.

2CRSi’s largest customer accounted for less than 20% of consolidated revenue, while the Group’s top five customers represented approximately 70%, compared with more than 90% in fiscal year 2024/25.

While equipment sales represented approximately 94% of total revenue, service revenue increased significantly in value to reach €24.7 million (compared with €8.3 million in 2024/25, representing growth of nearly 200%). As services generate higher margins, they will constitute a key development driver over the coming fiscal years. In particular, 2CRSi Cloud Solutions recorded its first significant billings, notably in connection with the ÆTHER project.

Positive Cash Flow and Strengthened Financial Position

At the end of the fiscal year, the Group’s cash position stood at €14.4 million1 (compared with -€0.2 million one year earlier), its highest year-end cash balance since its IPO in 2018. This strengthened financial position provides 2CRSi with the resources to support its continued growth trajectory.

Group Year-End Cash Position by Fiscal Year (in € thousands)

2026/27 Ambition: Targeting €1 Billion in Revenue

During the RAISE Summit, the global Artificial Intelligence summit held in Paris on July 8–9, 2026, bringing together more than 9,000 leading industry participants, the announcement[5] of the ÆTHER consortium members and the advanced negotiations for the upcoming acquisition by ÆTHER Infrastructures of two industrial sites in the Strasbourg region significantly boosted customer demand for the megawatts of computing capacity that will be deployed there. Like the other consortium members, 2CRSi expects to benefit from this momentum and anticipates an increase in order intake, with part of these orders expected to be delivered during the current fiscal year.

In light of this commercial momentum, 2CRSi confirms its ambition to achieve €1 billion in revenue during fiscal year 2026/27.

Beyond sustaining its growth trajectory, improving margins will also remain a key priority for the Group through increasing the contribution of services and higher value-added solutions to its overall business.

Next event: Publication of Fiscal Year 2025/26 Annual Results: October 29, 2026

About 2CRSi

Founded in 2005 in Strasbourg, France, 2CRSi designs, develops, and manufactures high-performance computing servers and innovative solutions for artificial intelligence, high-performance computing (HPC), and data storage. Committed to responsible and sustainable practices, the Group operates across multiple continents and provides highly energy-efficient technology solutions to industries including technology, manufacturing, gaming, scientific research, and data centers. 2CRSi has been listed since June 2018 on the regulated market of Euronext Paris (ISIN code: FR0013341781) and was transferred to Euronext Growth in November 2022.

For more information: https://2crsi.com/

Media Contacts

2CRSi

Jean-Philippe LLOBERA

France Director
investors@2crsi.com

03 68 41 10 70

Seitosei.Actifin

Foucauld Charavay

Financial Communication  
Foucauld.charavay@seitosei-actifin.com 

06 37 83 33 19

Seitosei.Actifin

Isabelle Dray

Financial Press Relations
isabelle.dray@seitosei-actifin.com

06 85 36 85 11

References:

[1] Unaudited Data
[2] https://investors.2crsi.com/wp-content/uploads/2024/01/2CRSI-announces-its-strategic-plan-with-a-strong-development-focus-in-the-US.pdf
[3] https://investors.2crsi.com/wp-content/uploads/2026/03/2CRSi-announces-an-increase-in-its-half-year-result-by-4.6.pdf
[4] https://investors.2crsi.com/wp-content/uploads/2026/07/2CRSis-detailed-response-to-the-allegations-in-the-Grizzly-Research-report.pdf
[5] https://investors.2crsi.com/wp-content/uploads/2026/07/2CRSi-the-AETHER-Consortium-Reveals-Itself.pdf 

Regulatory filing PDF file

File: 2CRSi Announces 2026 Revenue of €416.2 Million an 88% Increase

 

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SOURCE 2CRSi SA

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Nearly Half of Senior Leaders Feel Only Partly Prepared to Lead AI Transformation, as Ambition Outpaces Readiness

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Almost half of senior leaders (46%) say they are prepared only to a small extent to lead organisation-wide transformation driven by AI, while 2% report being not prepared at all. Keeping pace with rapidly evolving AI technology is cited as the most significant challenge (40%) faced by senior leaders, followed by regulatory and compliance uncertainty (37%) and insufficient budget or resources for AI adoption (36%).Only about a third of senior leaders (34%) have attended formal training or upskilling related to leadership in the AI era within the past two years. Over half (53%) are planning to do so in the coming months and years, with 13% reporting no plans to undertake such training.The most common shift in leadership approach is an increased focus on people management during AI-driven change, cited by 37% of leaders, particularly in supporting morale and employee well-being. This is followed by greater time spent on upskilling themselves and their teams (31%), and on strategic decision-making (30%). 

SINGAPORE, July 23, 2026 /PRNewswire/ — Artificial Intelligence (AI) is reshaping how organisations operate and compete. However, the leaders responsible for steering this transformation report a gap between what is expected of them and their preparedness to deliver. Almost half of senior leaders (46%) say they are prepared only to a small extent to lead organisation-wide transformation driven by AI, while a further 2% report being not prepared at all. In comparison, 37% are prepared to a moderate extent, and only 15% consider themselves prepared to a large extent.

Senior leaders identify several factors contributing to this readiness gap. Keeping pace with rapidly evolving AI technology is cited as the top challenge (40%), followed by regulatory and compliance uncertainty (37%). Resource constraints are also a key pressure point, with 36% pointing to insufficient budget or resources for AI adoption. In addition, 34% highlight challenges related to data quality and governance, while another 34% cite the need to upskill or reskill employees to work effectively alongside AI.

These are some of the key findings from NTUC LearningHub’s Special Report on Leadership in an AI-Driven World. The report surveyed 131 senior leaders from organisations of different sizes and across industries, including Infocomm Technology, Finance, Advanced Manufacturing, Healthcare and others. All respondents reported some level of experience with AI and are involved, to varying degrees, in AI adoption decisions within their organisation.

This readiness gap extends into decision-making. Senior leaders generally express moderate levels of confidence in making high-stakes AI-related decisions. Over two in five (43%) report being quite confident, while 13% say they are very confident. However, 40% indicate they are not very confident and 4% not confident at all.

Despite that, only about a third of senior leaders (34%) have attended formal training or upskilling on leading in an AI-driven workplace within the past two years. Among those who have not yet done so, many indicate plans to pursue training, including 22% within the next six months, 20% within the next year, and 11% within the next two years. Only 13% report having no plans to undertake such training. Among the training areas leaders prioritise, AI literacy and strategic understanding (57%) emerge as the key priority, followed by data-driven decision-making (46%), and ethical AI governance and responsible deployment (40%).

Alongside this, the most common shift in leadership approach is an increased focus on people management during AI-driven change, cited by 37% of leaders, particularly in supporting morale and employee well-being. This is followed by greater time spent on upskilling themselves and their teams (31%) and on strategic decision-making (30%). Ethical and governance considerations also feature strongly at 27%, alongside a similar share who report dedicating more effort to change management (27%), including communicating how AI may affect roles and ways of working.

These shifts reflect a broader recognition among leaders that navigating AI transformation requires more than technical fluency alone. Two in five (40%) senior leaders regard human-centric skills as very important in leading an organisation in the AI era, while nearly half (48%) consider them to be quite important. Among the capabilities leaders consider most critical, creative thinking and critical thinking each emerge at 47%, closely followed by sense-making (46%), problem-solving (44%) and effective communication (43%).

Commenting on the report’s findings, Mr Sean Lim, Chief Human Resource Officer, NTUC LearningHub, says, “The gap between expectation and readiness reflects a fundamental shift in what is required of leadership in today’s AI era. Leaders were once expected to hold all the answers and direct from the top. However, they must now act as strategic navigators, making sense of complexity and providing guidance through this period of rapid change and uncertainty. This means a shift towards coaching and empowering people, while also aligning competing priorities across technology, business and operational needs. It is a demanding shift, but it is encouraging to know that many senior leaders are already planning to further their own development to lead their teams through this period of AI transformation.”

To download the Special Report on Leadership in an AI-Driven World, please visit https://www.ntuclearninghub.com/media/research-reports/2026/Leadership-AI-World. To find out more about the courses, training, and grants, please contact NTUC LearningHub at www.ntuclearninghub.com.

### END ###

About NTUC LearningHub

NTUC LearningHub is the leading Continuing Education and Training provider in Singapore which aims to transform the lifelong employability of working people. Since our corporatisation in 2004, we have been working with employers and individual learners to provide learning solutions in areas such as Infocomm Technology, Generative AI & Cloud, Healthcare, Retail & Food Services, Employability & Literacy, Business Excellence, Workplace Safety & Health, Security, Human Resources & Coaching and Foreign Workers Training.

To date, NTUC LearningHub has helped over 34,000 organisations and achieved more than 3.2 million training places across more than 1,000 courses with a pool of about 1,000 certified trainers. As a Total Learning Solutions provider to organisations, we also forge partnerships to offer a wide range of relevant end-to-end training. Besides in-person training, we also offer instructor-led virtual live classes (VLCs) and asynchronous online learning. The NTUC LearningHub Learning eXperience Platform (LXP)—a one-stop online learning platform—offers timely, bite-sized and quality content for learners to upskill anytime and anywhere. Beyond learning, LXP also serves as a platform for jobs and skills development for both workers and companies.

For more information, visit www.ntuclearninghub.com.

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SOURCE NTUC LearningHub Pte Ltd

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THE LEGO GROUP INTRODUCES THE LEGO® SMART PLAY™ GATEWAY AT SAN DIEGO COMIC-CON 2026

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Booth #2829 invites attendees to step inside the worlds of two iconic franchises through the groundbreaking LEGO SMART Play experienceAttendees will be able to experience two beloved franchises like never before, as LEGO SMART Play adds a new dimension of interactive playOther exciting ways to experience the LEGO brand on-site July 23-26 include multiple new product reveals making global debuts, in-booth programming and a scavenger hunt for brand prizes

SAN DIEGO, July 23, 2026 /PRNewswire/ — The LEGO Group is unveiling the LEGO® SMART Play™ Gateway at San Diego Comic-Con 2026 — a booth experience powered by LEGO SMART Play technology that puts attendees right at the center of their fandoms and brings LEGO sets to life with a newfound layer of interactivity. At the LEGO SMART Play Gateway, fans will step inside the heart of two of pop culture’s most beloved franchises.

The LEGO Group will also further debut several new LEGO sets spanning numerous fandoms at San Diego Comic-Con 2026 — continuing to offer a LEGO set for every age and interest!

Enter a New Dimension of Play at the LEGO SMART Play Gateway

Launched this year, LEGO SMART Play provides open-ended physical play through responsive technology that reacts in real time. The LEGO SMART Play platform is powered by the SMART Brick, a 2×4 LEGO brick compatible with the LEGO System in Play that holds more than 20 patented world-first technologies. The SMART Brick can read SMART Tags and SMART Minifigures, synthesize light and sounds and sense precise motion, allowing kids to build, interact and create their own stories as their creations play back.

Attendees at San Diego Comic-Con 2026 are invited to step through the doors of the LEGO SMART Play Gateway, a retro-futuristic interworld departure terminal. Blending mid-century modern design with the technological optimism of LEGO SMART Play, the space transports fans from the show floor through SMART Play™-powered portals and into one of two fully immersive destinations:

Destination: LEGO Pokémon™ Lab

Destination: LEGO Pokémon™ Lab invites fans into the starting point of every Pokémon Trainer’s journey, a Lab recreated with scaled-up LEGO bricks and populated by life-sized LEGO Pokémon™ builds powered by LEGO SMART Play.Guests can choose their first partner Pokémon by selecting a Poké Ball to reveal Bulbasaur, Charmander or Squirtle and interact with their chosen Pokémon via SMART Brick lights and sounds. Portal visitors can further try out a game of “Hide and Pikachu” inspired by the LEGO Pokémon™ SMART Play: Training House with Pikachu set or interact with Eevee as its ears sway and the gems around its glow.Don’t depart without exploring the display case highlighting a full range of LEGO Pokémon™ sets available this year.

Destination: Mos Eisley

Destination: Mos Eisley transports Star Wars™ fans straight to Mos Eisley Cantina, recreated as a series of oversized LEGO brick environments pulled directly from the world of LEGO Star Wars™ SMART Play (specifically, the LEGO Star Wars™ SMART Play: Mos Eisley Cantina™ set!).Interactive touchpoints are woven throughout, doubling as iconic photo opportunities: grab the mic and swing it to trigger a SMART Brick remix of the iconic Cantina Song as the Modal Nodes band plays along; slide into the infamous corner booth for a face-to-face encounter with Greedo; and visit the Dewback Petting Zoo for a photo op with a purring, snoozing Dewback.Eagle-eyed fans can also decode hidden Aurebesh signage to unlock in-universe Easter eggs scattered throughout the space.

“The excitement around LEGO SMART Play began earlier this year and continues to grow with the launch of new sets on August 1. We are thrilled to bring these themes to life at the LEGO SMART Play Gateway during San Diego Comic-Con,” said Beth McKenna, Head of U.S. Marketing at the LEGO Group. “LEGO SMART Play represents the most significant advancement in LEGO® play since the Minifigure. Comic-Con is the ideal venue to showcase the possibilities of LEGO SMART Play, where attendees unite over the stories, characters, and worlds they adore.”

Sets Debuting at San Diego Comic-Con 2026

Brand new sets from across the LEGO brand’s most beloved franchises, not specific to SMART Play, are on display flanking the rear of the gateway; as each display case operates as its own destination, inviting fans and enthusiasts to explore and build upon the worlds they love most.

Boldly Build Where No One Has Built Before with the NEW LEGO Icons Star Trek: U.S.S. Enterprise NCC-1701™ Bridge

The LEGO Icons Star Trek: U.S.S. Enterprise NCC-1701™ Bridge (11385), the ultimate tribute to one of the most iconic ships in sci-fi history, is a perfect way to celebrate Star Trek’s 60th anniversary in 2026 – and it reveals at San Diego Comic-Con!

This 1,701-piece set, available at LEGO Stores and LEGO.com exclusively beginning September 1 and available for pre-order now, recreates the iconic bridge and transporter room from the original series in authentic detail with eight LEGO Minifigures representing the Starfleet crew. Turn a dial to beam crew from the transporter room, swish open the turbo lift doors and rock the captain’s chair to simulate warp turbulence and space battles; this is a mission-worthy build for any Trekkie.

Outside of the booth, the U.S.S. Enterprise NCC-1701™ Bridge set will make its first appearance at the Star Trek: The Collector Frontier Panel, accompanied by LEGO set designers Henrik Andersen and Crystal Marie Fontan to explain the process and inspiration that went into recreating the U.S.S. Enterprise. The panel takes place Thursday, July 23, 11:00am to 12:00pm in Room 5AB. For those on the hunt for further LEGO Star Trek sights, be sure to visit the “Star Trek: Boldly Built” activation at the Marriot Marquis on W. Harbor Drive July 23-26, where attendees can take a photo in a LEGO brick-built Captain’s Chair – made out of 83,568 LEGO bricks!

Relive the Classic with the NEW LEGO Donkey Kong™ Arcade

Jump back into a classic age of gaming with the LEGO Donkey Kong Arcade (72051), on display for the first time at San Diego Comic-Con and available in stores August 1. This 1,367-piece collectible set pays homage to the iconic arcade cabinet, complete with Jumpman, Donkey Kong and Lady, plus scaffold, ladder and hammer details straight from the original Nintendo® game.

Pull the lever to release one of the 21 barrels at a time, move Jumpman with the joystick and press the button to make him jump over the barrels — there is even a mechanism to circulate the barrels in a continuous loop to keep the fun rolling! A must-have for adult fans of classic arcade games and retro decor.

Bringing the Swamp to San Diego with NEW LEGO Minifigures Shrek Series

The LEGO Minifigures Shrek Series (71053) brings 12 beloved characters from the franchise to Minifigure form at San Diego Comic-Con, each tucked inside a sealed mystery box for ages six and up. Discover Shrek, Fiona, Donkey, Puss in Boots, Lord Farquaad and more, most with at least one themed accessory like blind mice, a magic mirror or lollipop. Collect them all, play out scenes from the films or put them on display. These are available September 1, but the fairytale will continue in 2027 with more LEGO Shrek!

This summer marks the 25th anniversary of the first Shrek film, which launched a global blockbuster franchise. A new chapter begins next summer, when DreamWorks Animation’s Shrek 5 arrives in cinemas worldwide.

Within and Beyond the Booth

Attendees can explore the LEGO SMART Play™ Gateway from Thursday, July 23 to Sunday, July 26 at booth #2829, where the power of LEGO SMART Play comes to life across every corner of the experience.

Beyond the SMART Play Gateway, fans can attend LEGO-brand panels celebrating major milestones, hunt for exclusive LEGO finds in a scavenger hunt spanning the entire convention floor and take home collectible souvenirs to remember the experience:

LEGO NINJAGO® Celebrates – 15 Years and Counting! NINJAGO voice talent will take the stage to celebrate 15 years of everyone’s favorite minifig ninja team – LEGO NINJAGO! They will talk about their best-loved moments from hundreds of episodes and perform a staged reading of an all-new, exclusive canon scene written by fellow panelists, LEGO NINJAGO: Dragons Rising head writers Kevin Burke & Chris “Doc” Wyatt. Thursday, July 23, 2:15pm-3:15pm in Room 6BCF. In-booth signings July 23, 4:00pm-5:00pm and Friday, July 24 2:30pm-3:30pm. NINJAGO fans will be further pleased to know that the LEGO brand debuted the third installation of its partnership with Crocs™, the NINJAGO collection, at San Diego Comic-Con this morning, The release features Classic Clogs for adults and kids inspired by one of the franchise’s most beloved heroes, Lloyd; fans can further personalize their look with character-inspired Jibbitz™ charm packs.Lost Luggage Scavenger Hunt. Keep your eyes open — LEGO luggage tags are being hidden within the San Diego Convention Center daily, July 23-26. Find one and return it to the LEGO booth to claim a prize package, including exclusive brand artwork commissioned for San Diego Comic-Con 2026.Travel souvenirs to take home from your journey. Visitors can collect limited-edition boarding passes, exclusive LEGO Travel Guides, destination postcards and IP-themed travel stickers in-booth — all designed to commemorate the trip long after the show floor closes.

More Information 

All products on display at the show, including LEGO set reveals, can be found at LEGO.com/san-diego-comic-con. For more information on the LEGO Group activities at San Diego Comic-Con, contact press@america.lego.com

Notes to Editor 

Product Information

LEGO® Icons Star Trek: U.S.S. Enterprise NCC-1701™ Bridge (11385)

Age Grade: 18+MSRP: $199.99Piece Count: 1,701Global Launch Date: September 1, 2027 (available for pre-order now) at LEGO Stores and LEGO.comDescription: Set course for a voyage of creativity with the LEGO® Icons Star Trek: U.S.S. Enterprise NCC-1701™ Bridge building set for adults. Recreate the iconic bridge and transporter room that served as the backdrop for epic scenes aboard the legendary starship. Rock the captain’s chair to simulate ship turbulence and turn a dial to beam crew members. Includes eight iconic Star Trek character Minifigures.

LEGO® Donkey Kong™ Arcade (72051)

Age Grade: 18+MSRP: $199.99Piece Count: 1367Global Launch Date: August 1, 2026 at LEGO Stores and select retailersDescription: Join Jumpman on the construction site again with this LEGO® brick model of the iconic Donkey Kong™ arcade game. Pull the lever for Donkey Kong to ‘throw’ barrels one after the other. Move Jumpman with the joystick and press the button to make him leap over the barrels. This set pays homage to the original Donkey Kong arcade cabinet game and makes a fun, nostalgic addition to your game room.

LEGO® Minifigures Shrek Series (71053)

Age Grade: 6+MSRP: $4.99Piece Count: 7Global Launch Date: September 1, 2026 at LEGO Stores and select retailersDescription: Enjoy movie adventures with LEGO® Minifigures Shrek Series mystery boxes. There are 12 detailed characters to collect, including Shrek, Fiona and Donkey, Puss in Boots, Prince Charming, Big Bad Wolf and Lord Farquaad and most come with at least one accessory. Expand your Minifigure collection or use them to play out your favorite scenes from the DreamWorks Animation’s Shrek films. Open your box and find out who’s inside!

About the LEGO Group

The LEGO Group’s mission is to inspire and develop the builders of tomorrow through the power of play. The LEGO System in Play, with its foundation in LEGO bricks, allows children and fans to build and rebuild anything they can imagine.

The LEGO Group was founded in Billund, Denmark in 1932 by Ole Kirk Kristiansen, its name derived from the two Danish words Leg Godt, which mean “Play Well”.

Today, the LEGO Group remains a family-owned company headquartered in Billund. Its products are now sold in more than 130 countries worldwide. For more information: www.LEGO.com.

About The Pokémon Company International

The Pokémon Company International manages the Pokémon property outside of Asia and is responsible for brand management, licensing, marketing, the Pokémon Trading Card Game, the animated TV series, home entertainment and the official Pokémon website. Pokémon was launched in Japan in 1996 and today is one of the most popular children’s entertainment properties in the world. For more information, please visit www.pokemon.co.uk.

STAR WARS and related properties are trademarks and/or copyrights, in the United States and other countries, of Lucasfilm Ltd. and/or its affiliates. © & TM Lucasfilm Ltd.

About Paramount Products & Experiences

Paramount Products & Experiences oversees all licensing, merchandising, and location-based experiences for Paramount, a Skydance Corporation (Nasdaq: PSKY), a leading next generation global media and entertainment company. The division brings to life iconic franchises and beloved characters through innovative products and immersive experiences across categories including toys, apparel, publishing, food and beverage, theme parks, hotels, cruises, attractions, and live entertainment. Its global portfolio is powered by content from brands such as Nickelodeon, Paramount Pictures, CBS, MTV, Comedy Central, and Paramount+, and fan-favorite franchises like PAW Patrol, SpongeBob SquarePants, Teenage Mutant Ninja Turtles, Star Trek, and Yellowstone. To explore our range of consumer products and Paramount-branded merchandise, visit ParamountShop.com.

TM & © 2026 CBS Studios Inc. Star Trek and related marks and logos are trademarks of CBS Studios Inc. All Rights Reserved.

About DreamWorks Animation’s Shrek Franchise  

For the past two decades, children of all ages have been enchanted by DreamWorks Animation’s delightful, irreverent adventures of a misunderstood ogre and his ragtag group of roguish fairytale folk. Beginning with Shrek, the 2001 Academy Award® winner for Best Animated Feature, Shrek (Mike Myers), Fiona (Cameron Diaz), Donkey (Oscar® nominee Eddie Murphy), Puss in Boots (Oscar® nominee Antonio Banderas) and their signature friends, family and tormentors have grown into an indelible part of pop culture, reminding audiences around the globe that beauty is in the eye of the beholder. 

The four Shrek franchise films have earned more than $2.9 billion worldwide, spawning a global live-touring show, an award-winning Broadway musical that earned eight Tony nominations and 12 Drama Desk nominations, plus an immersive, top-tourist destination in London and popular events and attractions across Universal Studios theme parks worldwide. 

From an astonishing consumer products campaign to imaginative digital extensions and a global animation exhibition tour, the iconic age of Shrek now enters a thrilling new era in 2027, as DreamWorks Animation reimagines this wonderous tale for a new generation with Shrek 5. Stars Mike Myers, Cameron Diaz and Eddie Murphy return, now joined by Emmy winning superstar Zendaya (Dune franchise, Euphoria) as Shrek and Fiona’s daughter. 

 

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SOURCE The LEGO Group

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