Technology
Analog Devices Reports Fiscal First Quarter 2025 Financial Results
Published
1 year agoon
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Revenue of more than $2.4 billion, with sequential growth in Industrial, Automotive, and Communications, and double-digit year-over-year growth in ConsumerOperating cash flow of $3.8 billion and free cash flow of $3.2 billion on a trailing twelve-month basisRaised quarterly dividend 8% to $0.99, marking twenty-one consecutive years of increasesIncreased share repurchase authorization by $10.0 billion, bringing total remaining authorization to approximately $11.5 billion
WILMINGTON, Mass., Feb. 19, 2025 /PRNewswire/ — Analog Devices, Inc. (Nasdaq: ADI), a global semiconductor leader, today announced financial results for its fiscal first quarter 2025, which ended February 1, 2025.
“ADI delivered first quarter revenue, profitability, and earnings per share above the midpoint of our outlook, despite the challenging macro and geopolitical backdrop,” said Vincent Roche, CEO and Chair. “Our recovery is being propelled by improving cyclical dynamics and numerous new wins across our franchise converting to revenue. We remain firmly committed to delivering ever higher levels of value for customers through differentiated innovation and customer experience, coupled with an agile and resilient supply chain.”
“Bookings continued to show gradual improvement during the first quarter with strength in Industrial and Automotive positioning us to grow sequentially and year-over-year in our second fiscal quarter. We remain confident that fiscal 2025 represents a return to growth for ADI,” said Richard Puccio, CFO.
Performance for the First Quarter of Fiscal 2025
Results Summary(1)
(in millions, except per-share amounts and percentages)
Three Months Ended
Feb. 1, 2025
Feb. 3, 2024
Change
Revenue
$ 2,423
$ 2,513
(4) %
Gross margin
$ 1,430
$ 1,474
(3) %
Gross margin percentage
59.0 %
58.7 %
30 bps
Operating income
$ 491
$ 586
(16) %
Operating margin
20.3 %
23.3 %
(300 bps)
Diluted earnings per share
$ 0.78
$ 0.93
(16) %
Adjusted Results(2)
Adjusted gross margin
$ 1,668
$ 1,734
(4) %
Adjusted gross margin percentage
68.8 %
69.0 %
(20 bps)
Adjusted operating income
$ 981
$ 1,054
(7) %
Adjusted operating margin
40.5 %
42.0 %
(150 bps)
Adjusted diluted earnings per share
$ 1.63
$ 1.73
(6) %
Three Months
Ended
Trailing Twelve
Months
Cash Generation
Feb. 1, 2025
Feb. 1, 2025
Net cash provided by operating activities
$ 1,127
$ 3,841
% of revenue
47 %
41 %
Capital expenditures
$ (149)
$ (656)
Free cash flow(2)
$ 978
$ 3,184
% of revenue
40 %
34 %
Three Months
Ended
Trailing Twelve
Months
Cash Return
Feb. 1, 2025
Feb. 1, 2025
Dividend paid
$ (456)
$ (1,826)
Stock repurchases
(160)
(596)
Total cash returned
$ (616)
$ (2,421)
(1) The sum and/or computation of the individual amounts may not equal the total due to rounding.
(2) Reconciliations of non-GAAP financial measures to their most directly comparable GAAP financial measures are provided in the financial tables included in this press release. See also the “Non-GAAP Financial Information” section for additional information.
Outlook for the Second Quarter of Fiscal Year 2025
For the second quarter of fiscal 2025, we are forecasting revenue of $2.50 billion, +/- $100 million. At the midpoint of this revenue outlook, we expect reported operating margin of approximately 24.2%, +/-160 bps, and adjusted operating margin of approximately 40.5%, +/-100 bps. We are planning for reported EPS to be $0.97, +/-$0.10, and adjusted EPS to be $1.68, +/-$0.10.
Our second quarter fiscal 2025 outlook is based on current expectations and actual results may differ materially as a result of, among other things, the important factors discussed at the end of this release. The statements about our second quarter fiscal 2025 outlook supersede all prior statements regarding our business outlook set forth in prior ADI news releases, and ADI disclaims any obligation to update these forward-looking statements.
The adjusted results and adjusted anticipated results above are financial measures presented on a non-GAAP basis. Reconciliations of these non-GAAP financial measures to their most directly comparable GAAP financial measures are provided in the financial tables included in this release. See also the “Non-GAAP Financial Information” section for additional information.
Dividend Payment
The ADI Board of Directors has declared a quarterly cash dividend of $0.99 per outstanding share of common stock. The dividend will be paid on March 17, 2025 to all shareholders of record at the close of business on March 4, 2025.
Conference Call Scheduled for Today, Wednesday, February 19, 2025 at 10:00 am ET
ADI will host a conference call to discuss our first quarter fiscal 2025 results and short-term outlook today, beginning at 10:00 am ET. Investors may join via webcast, accessible at investor.analog.com.
Non-GAAP Financial Information
This release includes non-GAAP financial measures that are not in accordance with, nor an alternative to, U.S. generally accepted accounting principles (GAAP) and may be different from non-GAAP measures presented by other companies. In addition, these non-GAAP measures are not based on any comprehensive set of accounting rules or principles. These non-GAAP measures have material limitations in that they do not reflect all of the amounts associated with the Company’s results of operations as determined in accordance with GAAP and should not be considered in isolation from, or as a substitute for, the Company’s financial results presented in accordance with GAAP. The Company’s use of non-GAAP measures, and the underlying methodology when including or excluding certain items, is not necessarily an indication of the results of operations that may be expected in the future, or that the Company will not, in fact, record such items in future periods. You are cautioned not to place undue reliance on these non-GAAP measures. Reconciliations of these non-GAAP financial measures to their most directly comparable GAAP financial measures are provided in the financial tables included in this release.
Management uses non-GAAP measures internally to evaluate the Company’s operating performance from continuing operations against past periods and to budget and allocate resources in future periods. These non-GAAP measures also assist management in evaluating the Company’s core business and trends across different reporting periods on a consistent basis. Management also uses these non-GAAP measures as primary performance measurements when communicating with analysts and investors regarding the Company’s earnings results and outlook and believes that the presentation of these non-GAAP measures is useful to investors because it provides investors with the operating results that management uses to manage the Company and enables investors and analysts to evaluate the Company’s core business. Management also believes that free cash flow, a non-GAAP liquidity measure, is useful both internally and to investors because it is indicative of the Company’s ability to pay dividends, purchase common stock, make investments and fund acquisitions and, in the absence of refinancings, to repay its debt obligations.
The non-GAAP financial measures referenced by ADI in this release include: adjusted gross margin, adjusted gross margin percentage, adjusted operating expenses, adjusted operating expenses percentage, adjusted operating income, adjusted operating margin, adjusted nonoperating expense (income), adjusted income before income taxes, adjusted provision for income taxes, adjusted tax rate, adjusted diluted earnings per share (EPS), free cash flow, and free cash flow revenue percentage.
Adjusted gross margin is defined as gross margin, determined in accordance with GAAP, excluding certain acquisition related expenses1, which are described further below. Adjusted gross margin percentage represents adjusted gross margin divided by revenue.
Adjusted operating expenses is defined as operating expenses, determined in accordance with GAAP, excluding: certain acquisition related expenses1 and special charges, net2, which are described further below. Adjusted operating expenses percentage represents adjusted operating expenses divided by revenue.
Adjusted operating income is defined as operating income, determined in accordance with GAAP, excluding: acquisition related expenses1 and special charges, net2, which are described further below. Adjusted operating margin represents adjusted operating income divided by revenue.
Adjusted nonoperating expense (income) is defined as nonoperating expense (income), determined in accordance with GAAP, excluding: certain acquisition related expenses1, which is described further below.
Adjusted income before income taxes is defined as income before income taxes, determined in accordance with GAAP, excluding: acquisition related expenses1 and special charges, net2, which are described further below.
Adjusted provision for income taxes is defined as provision for income taxes, determined in accordance with GAAP, excluding tax related items3, which are described further below. Adjusted tax rate represents adjusted provision for income taxes divided by adjusted income before income taxes.
Adjusted diluted EPS is defined as diluted EPS, determined in accordance with GAAP, excluding: acquisition related expenses1, special charges, net2, and tax related items3, which are described further below.
Free cash flow is defined as net cash provided by operating activities, determined in accordance with GAAP, less additions to property, plant and equipment, net. Free cash flow revenue percentage represents free cash flow divided by revenue.
1Acquisition Related Expenses: Expenses incurred as a result of current and prior period acquisitions and primarily include expenses associated with the fair value adjustments to debt, property, plant and equipment and amortization of acquisition related intangibles, which include acquired intangibles such as purchased technology and customer relationships. Expenses also include fair value adjustments associated with the replacement of share-based awards related to the Maxim Integrated Products, Inc. (Maxim) acquisition. We excluded these costs from our non-GAAP measures because they relate to specific transactions and are not reflective of our ongoing financial performance.
2Special Charges, net: Expenses, net, incurred as part of the integration of Maxim, in connection with facility closures, consolidation of manufacturing facilities, severance, other accelerated stock-based compensation expense and other cost reduction efforts or reorganizational initiatives. We excluded these expenses from our non-GAAP measures because apart from ongoing expense savings as a result of such items, these expenses have no direct correlation to the operation of our business in the future.
3Tax Related Items: Income tax effect of the non-GAAP items discussed above. We excluded the income tax effect of these tax related items from our non-GAAP measures because they are not associated with the tax expense on our current operating results.
About Analog Devices, Inc.
Analog Devices, Inc. (NASDAQ: ADI) is a global semiconductor leader that bridges the physical and digital worlds to enable breakthroughs at the Intelligent Edge. ADI combines analog, digital, and software technologies into solutions that help drive advancements in digitized factories, mobility, and digital healthcare, combat climate change, and reliably connect humans and the world. With revenue of more than $9 billion in FY24 and approximately 24,000 people globally, ADI ensures today’s innovators stay Ahead of What’s Possible. Learn more at www.analog.com and on LinkedIn and Twitter (X).
Forward-Looking Statements
This press release contains forward-looking statements, which address a variety of subjects including, for example, our statements regarding financial performance; economic uncertainty; macroeconomic, geopolitical, demand and other market conditions, business cycles, and supply chains; our capital allocation strategy, including future dividends, share repurchases, capital expenditures, investments, and free cash flow returns; expected revenue, operating margin, nonoperating expenses, tax rate, earnings per share, and other financial results; expected market and technology trends and acceleration of those trends; market size, market share gains, market position, and growth opportunities; expected product solutions, offerings, technologies, capabilities, and applications; the value and importance of, and other benefits related to, our product solutions, offerings, and technologies to our customers; and other future events. Statements that are not historical facts, including statements about our beliefs, plans and expectations, are forward-looking statements. Such statements are based on our current expectations and are subject to a number of factors and uncertainties, which could cause actual results to differ materially from those described in the forward-looking statements. The following important factors and uncertainties, among others, could cause actual results to differ materially from those described in these forward-looking statements: economic, political, legal and regulatory uncertainty or conflict, including actions taken or which may be taken by the presidential administration, executive offices of the U.S. government, or U.S. Congress, monetary policy, political, geopolitical, trade, or other issues in the United States or internationally, including increased tariffs or trade wars, and the ongoing conflicts between Russia and Ukraine and in Israel and the Middle East; changes in demand for semiconductor products; manufacturing delays, product and raw materials availability and supply chain disruptions; diversion of products from our authorized distribution channels; changes in export classifications, import and export regulations or duties and tariffs; our development of technologies and research and development investments; our future liquidity, capital needs and capital expenditures; our ability to compete successfully in the markets in which we operate; our ability to recruit and retain key personnel; risks related to acquisitions or other strategic transactions; security breaches or other cyber incidents; risks related to the use of artificial intelligence in our business operations, products, and services; adverse results in litigation matters; reputational damage; changes in our estimates of our expected tax rates based on current tax law; risks related to our indebtedness; the discretion of our Board of Directors to declare dividends and our ability to pay dividends in the future; factors impacting our ability to repurchase shares; and uncertainty as to the long-term value of our common stock. For additional information about factors that could cause actual results to differ materially from those described in the forward-looking statements, please refer to our filings with the Securities and Exchange Commission, including the risk factors contained in our most recent Annual Report on Form 10-K. Forward-looking statements represent management’s current expectations and are inherently uncertain. Except as required by law, we do not undertake any obligation to update forward-looking statements made by us to reflect subsequent events or circumstances.
Analog Devices and the Analog Devices logo are registered trademarks or trademarks of Analog Devices, Inc. All other trademarks mentioned in this document are the property of their respective owners.
ANALOG DEVICES, INC.
CONSOLIDATED STATEMENTS OF INCOME
(Unaudited)
(In thousands, except per share amounts)
Three Months Ended
Feb. 1, 2025
Feb. 3, 2024
Revenue
$ 2,423,174
$ 2,512,704
Cost of sales
992,871
1,038,763
Gross margin
1,430,303
1,473,941
Operating expenses:
Research and development
402,892
391,427
Selling, marketing, general and administrative
284,796
290,078
Amortization of intangibles
187,415
190,332
Special charges, net
63,887
16,140
Total operating expenses
938,990
887,977
Operating income
491,313
585,964
Nonoperating expense (income):
Interest expense
75,264
77,141
Interest income
(23,487)
(9,169)
Other, net
3,960
4,574
Total nonoperating expense (income)
55,737
72,546
Income before income taxes
435,576
513,418
Provision for income taxes
44,260
50,691
Net income
$ 391,316
$ 462,727
Shares used to compute earnings per common share – basic
496,116
495,765
Shares used to compute earnings per common share – diluted
498,668
498,741
Basic earnings per common share
$ 0.79
$ 0.93
Diluted earnings per common share
$ 0.78
$ 0.93
ANALOG DEVICES, INC.
CONSOLIDATED BALANCE SHEETS
(Unaudited)
(In thousands, except share and per share amounts)
Feb. 1, 2025
Nov. 2, 2024
ASSETS
Current Assets
Cash and cash equivalents
$ 2,349,994
$ 1,991,342
Short-term investments
371,460
371,822
Accounts receivable
1,192,442
1,336,331
Inventories
1,474,656
1,447,687
Prepaid expenses and other current assets
344,524
337,472
Total current assets
5,733,076
5,484,654
Non-current Assets
Net property, plant and equipment
3,355,240
3,415,550
Goodwill
26,945,180
26,909,775
Intangible assets, net
9,183,038
9,585,464
Deferred tax assets
2,032,676
2,083,752
Other assets
718,336
749,082
Total non-current assets
42,234,470
42,743,623
TOTAL ASSETS
$ 47,967,546
$ 48,228,277
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current Liabilities
Accounts payable
$ 368,939
$ 487,457
Income taxes payable
487,456
447,379
Debt, current
399,855
399,636
Commercial paper notes
548,403
547,738
Accrued liabilities
1,166,343
1,106,070
Total current liabilities
2,970,996
2,988,280
Non-current Liabilities
Long-term debt
6,618,556
6,634,313
Deferred income taxes
2,514,866
2,624,392
Income taxes payable
261,564
260,486
Other non-current liabilities
531,029
544,489
Total non-current liabilities
9,926,015
10,063,680
Shareholders’ Equity
Preferred stock, $1.00 par value, 471,934 shares authorized, none outstanding
—
—
Common stock, $0.16 2/3 par value, 1,200,000,000 shares authorized, 495,976,483 shares
outstanding (496,296,854 on November 2, 2024)
82,664
82,718
Capital in excess of par value
25,041,250
25,082,243
Retained earnings
10,131,590
10,196,612
Accumulated other comprehensive loss
(184,969)
(185,256)
Total shareholders’ equity
35,070,535
35,176,317
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY
$ 47,967,546
$ 48,228,277
ANALOG DEVICES, INC.
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(Unaudited)
(In thousands)
Three Months Ended
Feb. 1, 2025
Feb. 3, 2024
Cash flows from operating activities:
Net income
$ 391,316
$ 462,727
Adjustments to reconcile net income to net cash provided by operations:
Depreciation
98,447
84,348
Amortization of intangibles
417,156
440,903
Stock-based compensation expense
77,574
69,815
Deferred income taxes
(59,454)
(102,149)
Other
(799)
4,684
Changes in operating assets and liabilities
202,569
178,504
Total adjustments
735,493
676,105
Net cash provided by operating activities
1,126,809
1,138,832
Cash flows from investing activities:
Additions to property, plant and equipment, net
(148,978)
(222,978)
Payments for acquisitions, net of cash acquired
(45,652)
—
Other
329
3,877
Net cash used for investing activities
(194,301)
(219,101)
Cash flows from financing activities:
Proceeds from commercial paper notes
1,969,276
2,779,494
Payments of commercial paper notes
(1,968,611)
(2,782,274)
Repurchase of common stock
(160,368)
(180,351)
Dividend payments to shareholders
(456,338)
(426,076)
Proceeds from employee stock plans
41,747
49,819
Other
438
(14,844)
Net cash used for financing activities
(573,856)
(574,232)
Net increase in cash and cash equivalents
358,652
345,499
Cash and cash equivalents at beginning of period
1,991,342
958,061
Cash and cash equivalents at end of period
$ 2,349,994
$ 1,303,560
ANALOG DEVICES, INC.
REVENUE TRENDS BY END MARKET
(Unaudited)
(In thousands)
The categorization of revenue by end market is determined using a variety of data points including the technical characteristics of the product, the “sold to” customer information, the “ship to” customer information and the end customer product or application into which our product will be incorporated. As data systems for capturing and tracking this data and our methodology evolves and improves, the categorization of products by end market can vary over time. When this occurs, we reclassify revenue by end market for prior periods. Such reclassifications typically do not materially change the sizing of, or the underlying trends of results within, each end market.
Three Months Ended
February 1, 2025
February 3, 2024
Revenue
% of Revenue1
Y/Y%
Revenue
% of Revenue1
Industrial
$ 1,077,900
44 %
(10) %
$ 1,191,713
47 %
Automotive
732,513
30 %
(2) %
748,781
30 %
Consumer
322,900
13 %
19 %
270,211
11 %
Communications
289,861
12 %
(4) %
301,999
12 %
Total revenue
$ 2,423,174
100 %
(4) %
$ 2,512,704
100 %
1) The sum of the individual percentages may not equal the total due to rounding.
ANALOG DEVICES, INC.
RECONCILIATION OF GAAP TO NON-GAAP RESULTS
(Unaudited)
(In thousands, except per share amounts)
Three Months Ended
Feb. 1, 2025
Feb. 3, 2024
Gross margin
$ 1,430,303
$ 1,473,941
Gross margin percentage
59.0 %
58.7 %
Acquisition related expenses
237,832
259,884
Adjusted gross margin
$ 1,668,135
$ 1,733,825
Adjusted gross margin percentage
68.8 %
69.0 %
Operating expenses
$ 938,990
$ 887,977
Percent of revenue
38.8 %
35.3 %
Acquisition related expenses
(188,015)
(192,422)
Special charges, net
(63,887)
(16,140)
Adjusted operating expenses
$ 687,088
$ 679,415
Adjusted operating expenses percentage
28.4 %
27.0 %
Operating income
$ 491,313
$ 585,964
Operating margin
20.3 %
23.3 %
Acquisition related expenses
425,847
452,306
Special charges, net
63,887
16,140
Adjusted operating income
$ 981,047
$ 1,054,410
Adjusted operating margin
40.5 %
42.0 %
Nonoperating expense (income)
$ 55,737
$ 72,546
Acquisition related expenses
2,150
2,150
Adjusted nonoperating expense (income)
$ 57,887
$ 74,696
Income before income taxes
$ 435,576
$ 513,418
Acquisition related expenses
423,697
450,156
Special charges, net
63,887
16,140
Adjusted income before income taxes
$ 923,160
$ 979,714
Provision for (benefit from) income taxes
$ 44,260
$ 50,691
Effective income tax rate
10.2 %
9.9 %
Tax related items
65,062
65,030
Adjusted provision for income taxes
$ 109,322
$ 115,721
Adjusted tax rate
11.8 %
11.8 %
Diluted EPS
$ 0.78
$ 0.93
Acquisition related expenses
0.85
0.90
Special charges, net
0.13
0.03
Tax related items
(0.13)
(0.13)
Adjusted diluted EPS*
$ 1.63
$ 1.73
* The sum of the individual per share amounts may not equal the total due to rounding.
ANALOG DEVICES, INC.
RECONCILIATION OF NET CASH PROVIDED BY OPERATING ACTIVITIES TO FREE CASH FLOW
(Unaudited)
(In thousands)
Trailing
Twelve
Months
Three Months Ended
Feb. 1, 2025
Feb. 1, 2025
Nov. 2, 2024
Aug. 3, 2024
May 4, 2024
Revenue
$ 9,337,627
$ 2,423,174
$ 2,443,205
$ 2,312,209
$ 2,159,039
Net cash provided by operating activities
$ 3,840,506
$ 1,126,809
$ 1,050,817
$ 855,027
$ 807,853
% of Revenue
41 %
47 %
43 %
37 %
37 %
Capital expenditures
$ (656,463)
$ (148,978)
$ (165,410)
$ (153,886)
$ (188,189)
Free cash flow
$ 3,184,043
$ 977,831
$ 885,407
$ 701,141
$ 619,664
% of Revenue
34 %
40 %
36 %
30 %
29 %
ANALOG DEVICES, INC.
RECONCILIATION OF PROJECTED GAAP TO NON-GAAP RESULTS
(Unaudited)
Three Months Ending May 3, 2025
Reported
Adjusted
Revenue
$2.5 Billion
$2.5 Billion
(+/- $100 Million)
(+/- $100 Million)
Operating margin
24.2 %
40.5 %(1)
(+/-160 bps)
(+/-100 bps)
Nonoperating expenses
~ $60 Million
~ $60 Million
Tax rate
11% – 13%
11% – 13% (2)
Earnings per share
$0.97
$1.68 (3)
(+/- $0.10)
(+/- $0.10)
(1)
Includes $406 million of adjustments related to acquisition related expenses as previously defined in the Non-GAAP Financial Information section of this press release.
(2)
Includes $53 million of tax effects associated with the adjustment for acquisition related expenses noted above.
(3)
Includes $0.71 of adjustments related to the net impact of acquisition related expenses and the tax effects on those items.
For more information, please contact:
Michael Lucarelli
781-461-3282
Vice President, Investor Relations
investor.relations@analog.com
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SOURCE Analog Devices, Inc.
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Adjusted EBITDA Grows at 35% YoYGross Margin up 29 bps1 to 46%; Adjusted EBITDA Margin up 189 bps to 17%
NEW YORK, July 24, 2026 /PRNewswire/ — Fractal Analytics Ltd (BSE: 544700) (NSE: FRACTAL) announced its consolidated financial results for Q1 FY27, ending June 30, 2026.
In Q1 FY27, the Company reported consolidated operating revenue of INR 9,125 m, a growth of 20% year on year (YoY). Revenue growth was led by the company’s Healthcare and Life Sciences (HLS) industry, which clocked 69% growth YoY. Strong sustained growth in HLS over the last several quarters has resulted in it becoming the second largest industry in the portfolio. Banking, Financial Services and Insurance (BFSI) also performed very well, growing 36% YoY in Q1. Fractal’s largest industry, Consumer Packaged Goods and Retail (CPGR), continued to gather momentum, growing 19% YoY. On the other hand, TMT declined 22% YoY.
Fractal’s focus on deepening customer relationships continues to yield good outcomes. Its clients collectively increased their spending with the company, as reflected in the Net Revenue Retention2 of 117% in Q1. Further, its Net Promoter Score (NPS) during the period stood at 77.
The company reported improved profit margins at all levels. Gross Margin in Q1 was at 46%, while Adjusted EBITDA Margin expanded by 189 bps YoY to 17%. Net Income grew 92% YoY to INR 723 m.
Commenting on the performance, Srikanth Velamakanni, Group CEO and Executive Vice-Chairman, said:
“Enterprises are putting real transformation budgets behind AI now and we’re seeing it directly in the size of the deals coming to us. TMT was the drag on our headline growth this quarter. Excluding TMT, our business grew 35% year on year, which is a better read on the underlying demand we’re seeing.
As data sovereignty becomes a bigger priority for governments and enterprises, and as open-weight models keep improving, clients need a partner who can work across models and infrastructure. We have invested heavily in our people, our research, and our own intellectual property to be that partner.”
1 Basis points = 1/100th of 1%
2 Net Revenue Retention in our Fractal.ai segment measures how effectively we retain and expand revenue from our existing clients over a defined period and is calculated by comparing the current period’s revenue from the clients who existed at the start of the period, with their revenue in the previous period – including the effects of upsells, cross-sells and contractions
About Fractal
Fractal Analytics Ltd (BSE: 544700) (NSE: FRACTAL) is a globally recognized pure-play enterprise AI company trusted by Fortune 500®-sized enterprises to power decision-making through AI services, solutions, and products, anchored by Cogentiq, its flagship agentic AI platform. With over 6,000 professionals across North America, EMEA, and Asia-Pacific, Fractal partners with business leaders to drive competitive differentiation for their organizations by embedding AI into critical decisions across business functions and industry verticals.
Fractal invests more than 6% of its revenue in AI R&D, supporting foundational AI research, product development, and IP creation that address both immediate client needs and long-term technological advancement. Fractal’s track record includes developing proprietary models and products such as Cogentiq Health – Vaidya.ai and Cogentiq Data Science – PiEvolve, as well as incubating and spinning out Qure.ai, a global healthcare AI leader focused on the rapid identification and management of tuberculosis, lung cancer, and stroke (or critical health conditions). Fractal’s suite of businesses consists of Asper.ai (a Revenue Growth Management product for CPG companies) and Analytics Vidhya (an Ed-tech platform).
For more information, go to www.fractal.ai.
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SOURCE Fractal Analytics Limited
Technology
Xryma Plc : Pre-Listing Liquidity Facility and Price Discovery Process
Published
3 minutes agoon
July 24, 2026By
NICOSIA, Cyprus, July 24, 2026 /PRNewswire/ — Xryma Plc (“Xryma”) announces its intention to reapply within the next twelve months for admission to list on Euronext Paris (“Euronext”), with such admission being subject to Euronext’s approval. Before submitting its application, Xryma intends to launch a pre-listing liquidity facility and price discovery process, comprising a private placement to institutional and qualified investors alongside a secondary market offer to Xryma existing shareholders (“shareholders”) wishing to exit prior to listing.
The admission referred to above that is subject to the approval of Euronext may also be subject to approval by relevant regulatory authorities, and no assurance can be given that approval will be granted or as to the timing of any admission.
The pre-listing liquidity facility and price discovery process is designed to:
Enable shareholders seeking an exit to participate without the need to open an EU brokerage account,Provide a clear and orderly opportunity for existing shareholders to sell all or part of their holdings ahead of any potential admission to trading on Euronext Paris,Enable shareholders to sell all or part of their holdings at the same price at which qualified and institutional investors subscribe for shares in the Company,Establish, through a bookbuild with qualified and institutional investors, a market-validated referenced price for Xryma shares ahead of any potential admission on Euronext Paris (the “Primary Market Placement Price”),Support orderly trading upon potential admission.
Individual shareholder mailouts explaining the details of the pre-listing liquidity facility scheme with instructions and necessary documentation will be conducted during August 2026.
As the Primary Market Placement Price is to be determined by the subsequent bookbuild, shareholders will be given the opportunity to set a floor price which will result in the sale of their shares if the Primary Market Placement Price is higher. Shareholders will receive the Primary Market Placement Price minus applicable fees.
Shareholders and Investors may be scaled back to match corresponding demand from the other party, with partial fulfilment a possibility if the Company cannot match supply to demand.
Completion of the process is subject to achieving a level of institutional and qualified investor demand that the Board considers appropriate to support an orderly market should Xryma subsequently be admitted to trading on Euronext Paris.
Participation is entirely voluntary. Shareholders who do not wish to sell will simply retain their shares. Shareholders that do not intend to participate should continue to onboard with a Euronext participating broker, or a Euroclear ESES custodian, per previous communications.
The major shareholders, SCP Select All Enterprise (Monaco) and SCP Red 5 Solutions (Monaco) will not participate in the offer and will be subject to lock up arrangements.
Mr Nikogiannis (John) Karantzis, CEO of Xryma Plc comments: “Our shareholders have told us they would value a straightforward way to realise their holdings without the time and cost of opening an EU brokerage account. This process is our response to that feedback. We are structuring the placement to be large enough to establish a credible reference price whilst limiting dilution, with demand directed first towards meeting shareholder sell interest. We look forward to updating the market on the revised timetable in due course.”
Shareholders seeking a more detailed explanation of the pre-listing liquidity facility and price discovery process, should refer to the guide available at https://www.xryma.com/investors
Important Information & Disclaimers
This press release may contain inside information within the meaning of Article 7(1) of Regulation (EU) 596/2014 (Market Abuse Regulation).
This publication is not for publication or distribution or release, directly or indirectly, in or into the United States of America (including its territories and possessions, any state of the United States and the District of Columbia), Canada, Australia, South Africa, Japan or any other jurisdiction where such an announcement would be unlawful. The distribution of this publication may be restricted by law in certain jurisdictions and persons into whose possession this document or other information referred to herein comes should inform themselves about and observe any such restriction. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction. No action has been taken that would permit an offering of the treasury shares or possession or distribution of this publication in any jurisdiction where action for that purpose is required.
This publication does not constitute or form part of an offer for sale or solicitation of an offer to purchase or subscribe for securities in the United States, Canada, Australia, South Africa, Japan or any other jurisdiction and the securities referred to herein have not been registered under the securities laws of any such jurisdiction. Any New Shares (if such are issued) will not be registered under the United States Securities Act of 1933, as amended (the “Securities Act”), or under the securities laws of any State or any other jurisdiction of the United States, and may not be offered or sold, directly or indirectly, in the United States except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of, the Securities Act and in compliance with all applicable securities laws of any State or any other jurisdiction of the United States. No public offering of securities is being made in the United States or in any other jurisdiction.
The information set forth herein must not be distributed in any jurisdiction where such distribution is unlawful, and any recipients are requested to inform themselves about and to observe such restrictions.
The Offering referred to herein by Xryma Plc will only be made in accordance with all applicable corporate and securities laws. Any shares referred to herein will exclusively be offered or sold in reliance on any applicable exemptions from prospectus or registration requirements in any jurisdiction. In member states of the European Economic Area, this publication is only addressed to and directed at persons who are ‘qualified investors’ within the meaning of Article 2(e) of Regulation (EU) 2017/1129 (as amended and including any relevant delegated regulations, the “Prospectus Regulation”) or in any other circumstances falling within exemptions available in the relevant member state under Article 1(4) and/or 1(5) of the Prospectus Regulation. In the United Kingdom, this publication is only addressed to and directed at qualified investors within the meaning of the Prospectus Regulation, as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018, as amended (“EUWA”), who are persons (i) who have professional experience in matters relating to investments falling within Article 19(5) (investment professionals) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended, the “Order”), (ii) falling within article 49(2)(a) to (d) (high net worth companies, incorporated associations, etc.) of the Order, or (iii) to whom it may otherwise be lawfully communicated; any other persons in the United Kingdom should not take any action on the basis of this publication and should not act on or rely on it.
This publication does not constitute a recommendation concerning the prospective Offering. This announcement does not constitute an Offer or invitation to subscribe.
This announcement includes statements that are, or may be deemed to be, ‘forward looking statements’. These forward-looking statements can be identified by the use of forward looking terminology, including the terms ‘believes’, ‘estimates’, ‘anticipates’, ‘expects’, ‘intends’, ‘may’, ‘will’, or ‘should’ or, in each case, their negative or other variations or comparable terminology, or by discussions of strategy, plans, objectives, goals, future events or intentions. By their nature, forward looking statements involve risk and uncertainty because they relate to future events and circumstances which may or may not occur. Many of these factors are beyond the control of the Company. Should one or more of these risks or uncertainties materialise, or should underlying assumptions prove incorrect, actual results and circumstances may vary materially from those described in this announcement as anticipated, believed, estimated or expected.
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