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Lam Research Corporation Reports Financial Results for the Quarter Ended March 30, 2025

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1 year ago

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FREMONT, Calif., April 23, 2025 /PRNewswire/ — Lam Research Corporation (the “Company,” “Lam,” “Lam Research”) today announced financial results for the quarter ended March 30, 2025 (the “March 2025 quarter”).

Highlights for the March 2025 quarter were as follows:

Revenue of $4.72 billion.U.S. GAAP gross margin of 49.0%, U.S. GAAP operating income as a percentage of revenue of 33.1%, and U.S. GAAP diluted EPS of $1.03.Non-GAAP gross margin of 49.0%, non-GAAP operating income as a percentage of revenue of 32.8%, and non-GAAP diluted EPS of $1.04.

Key Financial Data for the Quarters Ended

March 30, 2025 and December 29, 2024

(in thousands, except per-share data, percentages, and basis points) 

 

U.S. GAAP

March 2025

December 2024

Change Q/Q

Revenue

$                4,720,175

$                4,376,047

+ 8 %

Gross margin as percentage of revenue

49.0 %

47.4 %

+ 160 bps

Operating income as percentage of revenue

33.1 %

30.5 %

+ 260 bps

Diluted EPS

$                          1.03

$                          0.92

+ 12 %

Non-GAAP

March 2025

December 2024

Change Q/Q

Revenue

$                4,720,175

$                4,376,047

+ 8 %

Gross margin as percentage of revenue

49.0 %

47.5 %

+ 150 bps

Operating income as percentage of revenue

32.8 %

30.7 %

+ 210 bps

Diluted EPS

$                          1.04

$                          0.91

+ 14 %

 

U.S. GAAP Financial Results

For the March 2025 quarter, revenue was $4,720 million, gross margin was $2,314 million, or 49.0% of revenue, operating expenses were $752 million, operating income was 33.1% of revenue, and net income was $1,331 million, or $1.03 per diluted share on a U.S. GAAP basis. This compares to revenue of $4,376 million, gross margin of $2,073 million, or 47.4% of revenue, operating expenses of $739 million, operating income of 30.5% of revenue, and net income of $1,191 million, or $0.92 per diluted share, for the quarter ended December 29, 2024 (the “December 2024 quarter”).

Non-GAAP Financial Results

For the March 2025 quarter, non-GAAP gross margin was $2,312 million, or 49.0% of revenue, non-GAAP operating expenses were $763 million, non-GAAP operating income was 32.8% of revenue, and non-GAAP net income was $1,336 million, or $1.04 per diluted share. This compares to non-GAAP gross margin of $2,077 million, or 47.5% of revenue, non-GAAP operating expenses of $735 million, non-GAAP operating income of 30.7% of revenue, and non-GAAP net income of $1,175 million, or $0.91 per diluted share, for the December 2024 quarter.

“Lam’s portfolio is the most compelling it’s ever been, driving opportunities to expand our addressable market, gain share, and deliver innovative services as deposition and etch intensity increases in the production of advanced semiconductors,” said Tim Archer, Lam Research’s President and Chief Executive Officer. “Our outlook remains strong even as we address near-term tariff-related uncertainty, and we are highly confident in our ability to outperform semiconductor industry growth in the years to come.”

Balance Sheet and Cash Flow Results

Cash, cash equivalents, and restricted cash balances decreased to $5.5 billion at the end of the March 2025 quarter compared to $5.7 billion at the end of the December 2024 quarter. The decrease was primarily the result of cash deployed for capital return activities, principal payment on debt instruments, and capital expenditures during the quarter, partially offset by cash generated from operating activities.

Deferred revenue at the end of the March 2025 quarter decreased to $2,011 million compared to $2,032 million as of the end of the December 2024 quarter. Lam’s deferred revenue balance does not include shipments to customers in Japan, to whom control does not transfer until customer acceptance. Shipments to customers in Japan are classified as inventory at cost until the time of acceptance. The estimated future revenue from shipments to customers in Japan was approximately $587 million as of March 30, 2025 and $453 million as of December 29, 2024.

Revenue

The geographic distribution of revenue during the March 2025 quarter is shown in the following table:

Region

Revenue

China

31 %

Korea

24 %

Taiwan

24 %

Japan

10 %

United States

4 %

Southeast Asia

4 %

Europe

3 %

The following table presents revenue disaggregated between system and customer support-related revenue:

Three Months Ended

March 30,
2025

December 29,
2024

March 31,
2024

(In thousands)

Systems revenue

$              3,035,276

$              2,625,649

$              2,395,817

Customer support-related revenue and other

1,684,899

1,750,398

1,397,741

$              4,720,175

$              4,376,047

$              3,793,558

 

Systems revenue includes sales of new leading-edge equipment in deposition, etch, clean and other wafer fabrication markets.

Customer support-related revenue includes sales of customer service, spares, upgrades, and non-leading-edge equipment from our Reliant® product line.

Outlook

For the quarter ended June 29, 2025, Lam is providing the following guidance: 

U.S. GAAP

Reconciling
Items

Non-GAAP

Revenue

$5.00 Billion

+/-

$300 Million

—

$5.00 Billion

+/-

$300 Million

Gross margin as a percentage of revenue

49.4 %

+/-

1 %

$   2.7

Million

49.5 %

+/-

1 %

Operating income as a percentage of revenue

33.4 %

+/-

1 %

$   3.2

Million

33.5 %

+/-

1 %

Net income per diluted share

$1.20

+/-

$0.10

$   3.7

Million

$1.20

+/-

$0.10

Diluted share count

1.28 Billion

—

1.28 Billion

 

The information provided above is only an estimate of what the Company believes is realizable as of the date of this release and does not incorporate the potential impact of any business combinations, asset acquisitions, divestitures, restructuring, balance sheet valuation adjustments, financing arrangements, other investments, or other significant arrangements that may be completed or realized after the date of this release, except as described below. U.S. GAAP to non-GAAP reconciling items provided include only those items that are known and can be estimated as of the date of this release. Actual results will vary from this model and the variations may be material. Reconciling items included above are as follows:

Gross margin as a percentage of revenue – amortization related to intangible assets acquired through business combinations, $2.7 million.Operating income as a percentage of revenue – amortization related to intangible assets acquired through business combinations, $3.2 million.Net income per diluted share – amortization related to intangible assets acquired though business combinations, $3.2 million; amortization of debt discounts, $0.7 million; and associated tax benefit for non-GAAP items ($0.2 million); totaling $3.7 million.

Use of Non-GAAP Financial Results

In addition to U.S. GAAP results, this press release also contains non-GAAP financial results. The Company’s non-GAAP results for both the March 2025 and December 2024 quarters exclude amortization related to intangible assets acquired through business combinations, the effects of elective deferred compensation-related assets and liabilities, amortization of note discounts, and the net income tax effect of non-GAAP items. Additionally, the non-GAAP results for the December 2024 quarter exclude the income tax benefit from a change in tax law.

Management uses non-GAAP gross margin, operating expense, operating income, operating income as a percentage of revenue, net income, and net income per diluted share to evaluate the Company’s operating and financial results. The Company believes the presentation of non-GAAP results is useful to investors for analyzing business trends and comparing performance to prior periods, along with enhancing investors’ ability to view the Company’s results from management’s perspective. Tables presenting reconciliations of non-GAAP results to U.S. GAAP results are included at the end of this press release and on the Company’s website at https://investor.lamresearch.com.

Caution Regarding Forward-Looking Statements
Statements made in this press release that are not of historical fact are forward-looking statements and are subject to the safe harbor provisions created by the Private Securities Litigation Reform Act of 1995. Such forward-looking statements relate to, but are not limited to: our outlook and guidance for future financial results, including revenue, gross margin, operating income and net income; our opportunities, including with respect to our addressable market, share and delivery of services; trends with respect to deposition and etch intensity in semiconductor production; the strength of our outlook; our ability to address the impacts of tariff-related uncertainty; the duration of tariff-related uncertainty; our confidence in our outlook; our relative performance compared the future performance of the industry; and the prospects for future industry growth. Some factors that may affect these forward-looking statements include: business, economic, political and/or regulatory conditions in the consumer electronics industry, the semiconductor industry and the overall economy may deteriorate or change; the actions of our customers and competitors may be inconsistent with our expectations; trade regulations, export controls, tariffs, trade disputes, and other geopolitical tensions may inhibit our ability to sell our products; supply chain cost increases, tariffs and other inflationary pressures have impacted and may continue to impact our profitability; supply chain disruptions or manufacturing capacity constraints may limit our ability to manufacture and sell our products; and natural and human-caused disasters, disease outbreaks, war, terrorism, political or governmental unrest or instability, or other events beyond our control may impact our operations and revenue in affected areas; as well as the other risks and uncertainties that are described in the documents filed or furnished by us with the Securities and Exchange Commission, including specifically the Risk Factors described in our annual report on Form 10-K for the fiscal year ended June 30, 2024, and our quarterly report on Form 10-Q for the fiscal quarter ended December 29, 2024. These uncertainties and changes could materially affect the forward-looking statements and cause actual results to vary from expectations in a material way. The Company undertakes no obligation to update the information or statements made in this release.

Lam Research Corporation is a global supplier of innovative wafer fabrication equipment and services to the semiconductor industry. Lam’s equipment and services allow customers to build smaller and better performing devices. In fact, today, nearly every advanced chip is built with Lam technology. We combine superior systems engineering, technology leadership, and a strong values-based culture, with an unwavering commitment to our customers. Lam Research (Nasdaq: LRCX) is a FORTUNE 500® company headquartered in Fremont, Calif., with operations around the globe. Learn more at www.lamresearch.com. (LRCX)

Consolidated Financial Tables Follow.

LAM RESEARCH CORPORATION

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(in thousands, except per share data and percentages)

(unaudited) 

Three Months Ended

Nine Months Ended

March 30,
2025

December 29,
2024

March 31,
2024

March 30,
2025

March 31,
2024

Revenue

$   4,720,175

$   4,376,047

$   3,793,558

$ 13,264,198

$  11,033,879

Cost of goods sold

2,406,489

2,303,066

1,977,820

6,874,848

5,783,087

Restructuring charges, net – cost of goods sold

—

—

15,202

—

38,099

Total cost of goods sold

2,406,489

2,303,066

1,993,022

6,874,848

5,821,186

Gross margin

2,313,686

2,072,981

1,800,536

6,389,350

5,212,693

Gross margin as a percent of revenue

49.0 %

47.4 %

47.5 %

48.2 %

47.2 %

Research and development

525,904

494,947

512,274

1,516,209

1,404,615

Selling, general and administrative

226,023

244,150

215,904

713,301

651,770

Restructuring charges, net – operating expenses

—

—

15,246

—

18,955

Total operating expenses

751,927

739,097

743,424

2,229,510

2,075,340

Operating income

1,561,759

1,333,884

1,057,112

4,159,840

3,137,353

Operating income as a percent of revenue

33.1 %

30.5 %

27.9 %

31.4 %

28.4 %

Other income (expense), net

(25,035)

14,262

36,073

19,308

68,513

Income before income taxes

1,536,724

1,348,146

1,093,185

4,179,148

3,205,866

Income tax expense

(206,057)

(157,128)

(127,359)

(541,019)

(398,376)

Net income

$   1,330,667

$   1,191,018

$      965,826

$   3,638,129

$  2,807,490

Net income per share:

Basic

$             1.04

$             0.93

$             0.74

$             2.82

$            2.13

Diluted

$             1.03

$             0.92

$             0.73

$             2.81

$            2.12

Number of shares used in per share calculations:

Basic

1,283,779

1,287,109

1,308,382

1,290,041

1,316,627

Diluted

1,288,100

1,291,469

1,315,178

1,294,545

1,322,819

Cash dividend declared per common share

$             0.23

$             0.23

$             0.20

$             0.69

$            0.60

 

 LAM RESEARCH CORPORATION

CONDENSED CONSOLIDATED BALANCE SHEETS

(in thousands)

March 30,
2025

December 29,
2024

June 30,
2024

(unaudited)

(unaudited)

(1)

ASSETS

Cash and cash equivalents

$         5,450,718

$         5,665,379

$         5,847,856

Accounts receivable, net

3,228,182

3,304,946

2,519,250

Inventories

4,463,275

4,358,152

4,217,924

Prepaid expenses and other current assets

318,147

284,370

298,190

Total current assets

13,460,322

13,612,847

12,883,220

Property and equipment, net

2,372,203

2,313,590

2,154,518

Goodwill and intangible assets

1,795,248

1,761,021

1,765,073

Other assets

2,340,537

2,152,458

1,941,917

Total assets

$       19,968,310

$       19,839,916

$       18,744,728

LIABILITIES AND STOCKHOLDERS’ EQUITY

Current portion of long-term debt and finance lease obligations

$            754,306

$            504,136

$            504,814

Other current liabilities

4,735,539

4,846,160

3,833,624

Total current liabilities

5,489,845

5,350,296

4,338,438

Long-term debt and finance lease obligations

3,730,034

4,478,148

4,478,520

Income taxes payable

690,660

669,747

813,304

Other long-term liabilities

546,666

533,699

575,012

Total liabilities

10,457,205

11,031,890

10,205,274

Stockholders’ equity (2)

9,511,105

8,808,026

8,539,454

Total liabilities and stockholders’ equity

$       19,968,310

$       19,839,916

$       18,744,728

(1)

Derived from audited financial statements.

(2)

Common shares issued and outstanding were 1,282,957 as of March 30, 2025, 1,284,956 as of December 29, 2024, and 1,303,769 as of June 30, 2024.

 

LAM RESEARCH CORPORATION

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(in thousands, unaudited)

Three Months Ended

Nine Months Ended

March 30,
2025

December 29,
2024

March 31,
2024

March 30,
2025

March 31,
2024

CASH FLOWS FROM OPERATING ACTIVITIES:

Net income

$         1,330,667

$         1,191,018

$            965,826

$         3,638,129

$         2,807,490

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

Depreciation and amortization

97,343

96,200

89,922

287,838

271,342

Deferred income taxes

(19,992)

(82,854)

(24,621)

(211,568)

(137,606)

Equity-based compensation expense

87,115

81,959

76,854

249,085

213,966

Other, net

1,654

(8,592)

10,210

(7,395)

14,242

Changes in operating assets and liabilities

(188,124)

(535,789)

266,645

(337,013)

620,405

Net cash provided by operating activities

1,308,663

741,942

1,384,836

3,619,076

3,789,839

CASH FLOWS FROM INVESTING ACTIVITIES:

Capital expenditures and intangible assets

(288,058)

(188,349)

(103,654)

(586,995)

(295,922)

Net maturities and sales of available-for-sale securities

—

—

14,650

—

37,766

Other, net

(4,857)

12,974

(3,356)

8,154

(10,845)

Net cash used for investing activities

(292,915)

(175,375)

(92,360)

(578,841)

(269,001)

CASH FLOWS FROM FINANCING ACTIVITIES:

Principal payments on debt, including finance lease
obligations and payments for debt issuance costs

(504,037)

(1,032)

(1,060)

(506,003)

(255,155)

Treasury stock purchases, including excise tax payments

(435,321)

(697,688)

(980,561)

(2,130,044)

(2,469,257)

Dividends paid

(295,716)

(297,634)

(262,707)

(854,335)

(757,453)

Reissuance of treasury stock related to employee stock purchase plan

—

60,557

—

60,557

53,081

Proceeds from issuance of common stock, net issuance costs

1,993

(194)

8,235

1,756

12,757

Other, net

526

761

300

963

(5,672)

Net cash used for financing activities

(1,232,555)

(935,230)

(1,235,793)

(3,427,106)

(3,421,699)

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

2,380

(26,022)

(8,452)

(960)

(12,758)

Net change in cash, cash equivalents, and restricted cash

(214,427)

(394,685)

48,231

(387,831)

86,381

Cash, cash equivalents, and restricted cash at beginning of period (1)

5,677,399

6,072,084

5,625,522

5,850,803

5,587,372

Cash, cash equivalents, and restricted cash at end of period (1)

$         5,462,972

$         5,677,399

$         5,673,753

$         5,462,972

$         5,673,753

(1)

Restricted cash is reported within Other assets in the Condensed Consolidated Balance Sheets

 

Non-GAAP Financial Summary

(in thousands, except percentages and per share data)

(unaudited)

Three Months Ended

March 30,
2025

December 29,
2024

Revenue

$        4,720,175

$        4,376,047

Gross margin

$        2,312,391

$        2,077,151

Gross margin as percentage of revenue

49.0 %

47.5 %

Operating expenses

$           763,336

$           734,501

Operating income

$        1,549,055

$        1,342,650

Operating income as a percentage of revenue

32.8 %

30.7 %

Net income

$        1,336,006

$        1,175,000

Net income per diluted share

$                 1.04

$                 0.91

Shares used in per share calculation – diluted

1,288,100

1,291,469

 

Reconciliation of U.S. GAAP Net Income to Non-GAAP Net Income

(in thousands, except per share data)

(unaudited) 

Three Months Ended

March 30,
2025

December 29,
2024

U.S. GAAP net income

$           1,330,667

$           1,191,018

Pre-tax non-GAAP items:

Amortization related to intangible assets acquired through certain business combinations – cost of goods sold

2,687

2,817

Elective deferred compensation (“EDC”) related liability valuation (decrease) increase – cost of goods sold

(3,982)

1,353

EDC related liability valuation (decrease) increase – research and development

(7,168)

2,432

Amortization related to intangible assets acquired through certain business combinations – selling, general and
administrative

538

538

EDC related liability valuation (decrease) increase – selling, general and administrative

(4,779)

1,626

Amortization of note discounts – other income (expense), net

759

772

Loss (gain) on EDC related asset – other income (expense), net

16,903

(4,502)

Net income tax expense (benefit) on non-GAAP items

381

(276)

Income tax benefit from a change in tax law

—

(20,778)

Non-GAAP net income

$           1,336,006

$           1,175,000

Non-GAAP net income per diluted share

$                    1.04

$                    0.91

U.S. GAAP net income per diluted share

$                    1.03

$                    0.92

U.S. GAAP and non-GAAP number of shares used for per diluted share calculation

1,288,100

1,291,469

 

Reconciliation of U.S. GAAP Gross Margin, Operating Expenses and Operating Income to Non-GAAP Gross Margin,
Operating Expenses and Operating Income

(in thousands, except percentages)

(unaudited) 

Three Months Ended

March 30,
2025

December 29,
2024

U.S. GAAP gross margin

$        2,313,686

$        2,072,981

Pre-tax non-GAAP items:

Amortization related to intangible assets acquired through certain business combinations

2,687

2,817

EDC related liability valuation (decrease) increase

(3,982)

1,353

Non-GAAP gross margin

$        2,312,391

$        2,077,151

U.S. GAAP gross margin as a percentage of revenue

49.0 %

47.4 %

Non-GAAP gross margin as a percentage of revenue

49.0 %

47.5 %

U.S. GAAP operating expenses

$           751,927

$           739,097

Pre-tax non-GAAP items:

Amortization related to intangible assets acquired through certain business combinations

(538)

(538)

EDC related liability valuation decrease (increase)

11,947

(4,058)

Non-GAAP operating expenses

$           763,336

$           734,501

U.S. GAAP operating income

$        1,561,759

$        1,333,884

Non-GAAP operating income

$        1,549,055

$        1,342,650

U.S. GAAP operating income as percent of revenue

33.1 %

30.5 %

Non-GAAP operating income as a percent of revenue

32.8 %

30.7 %

 

Lam Research Corporation Contacts:
Ram Ganesh, Investor Relations, phone: 510-572-1615, e-mail: investor.relations@lamresearch.com

View original content:https://www.prnewswire.com/news-releases/lam-research-corporation-reports-financial-results-for-the-quarter-ended-march-30-2025-302436137.html

SOURCE Lam Research Corporation

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Technology

ANGHAMI REPORTS FY2025 REVENUE OF $99.3M, UP 27%, ON 3.5M SUBSCRIBERS AND LANDMARK STRATEGIC PARTNERSHIPS

Published

54 minutes ago

on

April 30, 2026

By

ABU DHABI, UAE, April 30, 2026 /PRNewswire/ — Anghami Inc. (NASDAQ: ANGH) (“Anghami”), the leading music and entertainment streaming platform in the MENA region, today announced its consolidated financial results for the year ended December 31, 2025, marked by revenue growth and subscribers reaching 3.5 million with a registered user base now exceeding 130 million, supported by landmark strategic partnerships.

HIGHLIGHTS

Revenue increased to $99.3 million in 2025, up 27% from $78.1 million in 2024. Growth came from subscriber gains across OSN+ and Anghami Plus, and the first full-year consolidation of OSN+ (April 1, 2024).Paid Subscribers exceeded 3.5 million across Anghami and OSN+, and registered users crossed 130 million.Warner Bros. Discovery closed its $57 million minority investment in OSN Streaming Limited in March 2025, expanding the content partnership and committing to joint investment in regional original production.Multiple strategic partnerships launched for OSN+ with Noon as well as a regional distribution agreement with talabat and the first-of-its-kind “Epic Bundle” with Shahid and Disney+ in December, delivering strong subscriber traction, high activation rates, and above-average conversion, reinforcing Anghami’s expanding distribution and monetization ecosystem.

Commenting on Anghami’s results, Elie Habib, CEO of Anghami, said: “2025 was the first full year of the combined Anghami and OSN+ business, and a year in which the scale of the opportunity became clear. Revenue grew 27% to $99.3 million. Paying subscribers exceeded 3.5 million, and our registered user base crossed 130 million across the MENA region.

We made important progress across the business. We rebuilt the OSN+ platform in-house, launched our first OSN+ Original, expanded strategic distribution partnerships with talabat and Noon, and signed the Epic Bundle with Shahid and Disney+, bringing three leading entertainment platforms into one subscription for the first time in the region. Warner Bros. Discovery’s investment in OSN Streaming Limited reflects confidence in our model, our market position, and the long-term value of premium regional streaming. Our HBO content commitments remain contractual and unchanged.

With a stronger product, a deeper content slate, Ramadan momentum, and early Epic Bundle traction, we enter 2026 focused on scaling revenue, improving unit economics, and converting momentum into sustainable growth.”

BUSINESS UPDATE

2025 marked a significant year in Anghami’s evolution as it progressed the integration of OSN+ into its multi-media streaming ecosystem and expanded its content, partnerships, and technology capabilities.

Anghami continued to invest in its proprietary technology, including AI-powered content recommendations, and completed the in-house rebuild of the OSN+ streaming platform, delivering improved performance, 4K capabilities, and full control over the user experience. 

In January 2025, OSN+ premiered its original production The Fashionista, reinforcing the platform’s investment in locally relevant content alongside its exclusive HBO catalogue, which includes House of the Dragon, The Last of Us, and Game of Thrones.

In March 2025, Warner Bros. Discovery announced an agreement to acquire a minority stake in OSN Streaming Limited, Anghami’s majority shareholder, investing $57 million. The transaction expands the existing content partnership and includes plans to jointly invest in locally produced content targeting regional audiences.

OSN+ partnerships with talabat and Noon expanded distribution and opened new customer acquisition channels, while high-profile live events including the Amr Diab & Adam Port concert in Abu Dhabi and Nancy Ajram Riyadh Boulevard activation reinforced Anghami’s cultural leadership position. Regional conflicts have impacted live events and regional content production; however, Anghami continued to scale its cultural footprint through flagship initiatives such as “Aktar Men Ayya Waqt,” a pan-Arab collaboration uniting leading artists across the region, alongside a focused Ramadan content strategy that delivered resilient engagement and outperformed industry trends that typically see lower metrics during the period.

As the year drew to a close, OSN+ launched the “Epic Bundle”, a first-of-its-kind bundled subscription with Shahid and Disney+, bringing all three platforms together under a single plan and broadening content access for consumers.

Anghami also continued to expand its telco partnership ecosystem in 2025, maintaining integrations with 45 telco operators across the MENA region. Telco partnerships serve as a dual-purpose growth lever by facilitating frictionless subscription payments, helping Anghami maintain one of the highest paying conversion rates among music streaming services in the MENA region, while also providing a significant marketing channel through co-branded campaigns and data bundle offerings.

From a financial perspective, revenue increased to $99.3 million in 2025, from $78.1 million in 2024, driven by subscriber growth across Anghami Plus and OSN+ and the first full-year contribution from the OSN+ video streaming segment which was consolidated from 1 April 2024. Profitability was impacted by the fixed video content licensing fees reflecting the full 12 month impact compared to 2024.

During 2025 and early 2026, the Company strengthened its Board of Directors with the appointments of Bassil Almouallimi (SRMG), James Cooke (Warner Bros. Discovery), Moustapha Chami (KIPCO), and Eman Al Awadhi (KIPCO).

OUTLOOK

Anghami is positioned to capitalize on continued growth in digital entertainment demand across the MENA region. The Company’s platform-led partnerships enhance distribution, content access and audience reach, further differentiating Anghami within an increasingly competitive streaming market.

Strategic collaborations with leading regional and global platforms, including Shahid, Disney+, talabat, and the expanded Warner Bros. Discovery relationship, are expected to remain key growth drivers. The content lineup is set to remain exceptional throughout the year, featuring highly anticipated global releases and returning flagship series. This includes A Knight of the Seven Kingdoms, Euphoria Season 3, Season 2 of The Pitt, which has emerged as one of the most widely watched series globally, and Season 4 of FROM. This is further reinforced by upcoming seasons of The House of the Dragon and a robust pipeline of award-winning and globally successful films, including major 2025 theatrical releases such as Sinners, Superman, and other leading box office titles.

Building on this early traction, Anghami aims to scale embedded and bundled distribution models to support more efficient user acquisition and deeper engagement across its core markets.

Management remains focused on balancing growth with operational discipline, as continued investment in platform capabilities, reshaping content acquisition costs, advertising optimization and partner integrations support scale benefits over time. As these initiatives mature, Anghami aims to drive improved monetization and stronger operating leverage across its digital entertainment platform that will lead to material unit economics improvements in 2026.

Anghami’s annual report on Form 20-F (the “Form 20-F”) for the year ended December 31, 2025 was filed today with the U.S. Securities and Exchange Commission. The Form 20-F can be accessed by visiting either the SEC’s website at www.sec.gov or the Company’s website at https://www.anghami.com/investors.

About Anghami Inc. (NASDAQ: ANGH)

Anghami is the leading multi-media technology streaming platform in the Middle East and North Africa (“MENA”) region, offering a comprehensive ecosystem of exclusive premium video, music, podcasts, live entertainment, audio services, and more.

With a user base exceeding 130 million registered users and over 3.5 million paid subscribers, Anghami has partnered with 45 telcos across MENA, facilitating customer acquisition and subscription payment, in addition to establishing relationships with major film studios, entertainment giants, and music labels, both regional and international. Headquartered in Abu Dhabi, UAE, Anghami operates in 16 countries across MENA, with offices in Beirut, Dubai, Cairo, and Riyadh.

To learn more about Anghami, please visit: https://anghami.com. Any questions for the Investors Relations Department can be emailed to IR@anghami.com or anghami@apcoworldwide.com.

Cautionary Statement Regarding Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. Anghami’s actual results may differ from its expectations, estimates, and projections and, consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as “expect,” “estimate,” “start,” “project,” “budget,” “forecast,” “preliminary,” “anticipate,” “position,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “continue,” “predicts,” “potential,” “transform,” “commitment” and similar expressions (or the negative versions of such words or expressions) are intended to identify such forward-looking statements. These statements include those related to the effect of the OSN+ integration, Warner Bros. Discovery investment in OSN Streaming, other new partnerships and collaborations, and future growth. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from those discussed in the forward-looking statements. Most of these factors are outside Anghami’s control and are difficult to predict. Factors that may cause such differences include, but are not limited to: the outcome of any legal proceedings that may be instituted against Anghami; wars, conflicts and political instability; foreign exchange fluctuations, changes in applicable laws or regulations; and the possibility that Anghami may be adversely affected by other economic, business, and/or competitive factors; and other risks and uncertainties identified in Anghami’s fiscal 2025 annual report on Form 20-F filed with the SEC on April 30, 2026, including those under “Risk Factors” therein, and in other documents filed or to be filed with the SEC by Anghami and available at the SEC’s website at www.sec.gov. Anghami cautions that the foregoing list of factors is not exclusive. Anghami cautions readers not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Except as required by law, Anghami does not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in its expectations or any change in events, conditions, or circumstances on which any such statement is based.

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Technology

Soliant Health Names Graig Paglieri CEO; Founder David Alexander Transitions to Vice Chairman

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April 30, 2026

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Transition supports Soliant’s continued growth as a leading specialized workforce organization in education and healthcare

PEACHTREE CORNERS, Ga., April 30, 2026 /PRNewswire/ — Soliant Health announced a leadership transition today as Founder and Chief Executive Officer David Alexander transitions to Vice Chairman, and Graig Paglieri has been appointed Chief Executive Officer, effective May 26, 2026. Paglieri joins Soliant following his tenure as Chief Executive of Randstad Digital, the technology staffing and solutions business unit of Randstad, the world’s leading talent company.

Under Alexander’s leadership, Soliant has built a strong national presence as one of the largest specialized workforce organizations serving the education and healthcare sectors. Since founding the company in 1992, Alexander has guided its expansion to more than 1,000 colleagues, supporting over 3,300 school districts and 750 healthcare organizations across 48 states.

“After more than three decades leading the business, I believe this is the right time to transition day-to-day leadership while remaining actively engaged in supporting the company’s long-term strategy. Graig’s experience accelerating growth, integrating acquisitions, and building high-performing global teams will be instrumental, and he is the right leader to build on our foundation and lead Soliant forward,” said David Alexander, Founder and current CEO of Soliant.

Graig Paglieri, Chief Executive Officer

Paglieri joins Soliant after leading large, global staffing and services businesses, most recently serving as Chief Executive of Randstad Digital, spanning North America, Europe, and APAC.During his tenure, he played a central role in unifying Randstad’s global technology businesses under the Randstad Digital brand identity.Paglieri played a key role in three significant strategic acquisitions that strengthened the company’s market position and service offerings, growing the business unit to $3 billion in revenue.He will focus on growing the Soliant business, strengthening relationships with partners, and supporting the team as the company continues to expand.

“I’m honored to join Soliant at this point in its journey. The company has a strong reputation, a differentiated culture, and a clear opportunity to continue growing. I look forward to partnering with David and the leadership team to build on that momentum,” said Graig Paglieri, incoming Chief Executive Officer of Soliant Health effective May 26, 2026.

Differentiated Platform

Soliant helps schools meet growing, legally mandated special education and behavioral support requirements by delivering highly qualified clinicians across a range of therapeutic areas. Soliant’s brands include BlazerWorks, VocoVision, and Spindle, enabling Soliant to deliver high quality solutions to its clients across both physical and virtual modalities.

About Soliant Health
Soliant is a leader in human capital solutions within the education and healthcare sectors. It operates offices in Atlanta, Tampa, Jacksonville, Houston, and Greenville. The company identifies and recruits highly skilled healthcare professionals across a wide range of specialties and connects them with healthcare providers in the education, nursing, and pharmacy segments, primarily on a temporary basis. For more information, visit soliant.com.

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Technology

Localcoin responds to federal proposal to ban crypto ATMs in Canada, calls for industry consultation

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April 30, 2026

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Proposed nationwide ban raises concerns over lack of industry consultation and evidence-based policymaking

TORONTO, April 30, 2026 /CNW/ – Localcoin, Canada’s largest cryptocurrency ATM operator, is expressing concern following a recent federal government proposal to ban crypto ATMs nationwide, introduced without consultation with industry operators or key stakeholders.

With a network of over 1,000 retail partners across Canada, many of them independent, locally owned businesses, and dozens of contracted service providers nationwide, Localcoin’s mission is to provide accessible, safe, and user-friendly access to digital currency. Through its crypto ATMs, Localcoin served over 250,000 Canadians who value the convenience of buying and selling crypto with cash at familiar retail locations.

“This proposal represents a sweeping measure that risks undermining an entire industry, hundreds of small retail partners, and the Canadian employees and contractors the sector supports,” says Tristan Fong, CEO Localcoin. “It was developed without prior notice to stakeholders, and no one in the industry was aware it was under consideration. As a company committed to expanding the safe and responsible use of cryptocurrency, a blanket ban would disproportionately impact legitimate operators like Localcoin, as well as the hundreds of thousands of Canadians who use crypto ATMs for lawful, financial transactions.”

While Localcoin acknowledges that bad actors can misuse financial technologies, including crypto ATMs, and that fraud remains a concern, it notes that this is not unique to the crypto ATM industry.

“Fraud is a broader challenge across the financial system,” Fong adds. “If we look across sectors in Canada, there have been hundreds of thousands of fraud cases, yet outright bans have not been proposed in response. Eliminating one access point does not stop criminal activity, it simply shifts it elsewhere, often to channels with fewer safeguards and less oversight. Rather than imposing a reactionary ban, effective solutions require targeted enforcement, stronger protections, and collaboration between regulators and industry. The focus should remain on addressing bad actors directly, rather than restricting legitimate access to financial tools.”

“We are ready to work collaboratively with policymakers to strengthen regulation, enhance fraud prevention measures, and improve public education across crypto ATM networks,” says Fong. “Regulatory tightening is a normal part of the financial services sector, and is especially common in the crypto sub-sector as it evolves. We believe there is a time and place for government support to ensure greater protection of Canadians, and that is important. However, an immediate escalation toward a ban, without clear supporting data or industry consultation, is not in the public interest.”

To learn more, visit Localcoinatm.com.

About Localcoin: Founded in 2016 in Toronto, Localcoin is Canada’s largest Bitcoin ATM network, with over 60 full-time staff members in Canada, operating over 2,150 machines across five countries including Canada, Australia, New Zealand, Hong Kong, and Poland. Localcoin makes cryptocurrency accessible to anyone, regardless of technical experience, through physical ATM kiosks that allow customers to buy and sell crypto with cash in minutes.

SOURCE Localcoin

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