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TAT Technologies Reports First Quarter 2025 Results

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1 year ago

on

TAT Technologies Delivers 23.6% Revenue Growth, 80.7% Increase in Net Profit, and 56.2% Increase in adjusted EBITDA, and Continued Margin Expansion for the First Quarter of 2025

NETANYA, Israel, May 19, 2025 /PRNewswire/ — TAT Technologies Ltd. (NASDAQ: TATT) (TASE: TATT) (“TAT” or the “Company”), a leading provider of products and services to the commercial and military aerospace and ground defense industries, reported today its unaudited results for the three months ended March 31, 2025.

Financial Highlights for the First Quarter of 2025:

Revenue for the first quarter of 2025 increased by 23.6% to $42.1 million compared to $34.1 million in the first quarter of 2024.Gross profit for the first quarter of 2025 increased by 40.9% to $10.0 million compared to $7.1 million in the first quarter of 2024.Gross margin for the first quarter of 2025 improved by 290bp to 23.6% of revenue compared to 20.7% of revenue in the first quarter of 2024.Adjusted EBITDA for the first quarter of 2025 increased by 56.2% to $5.7 million (13.6% of revenue) compared to $3.7 million (10.8% of revenue) in the first quarter of 2024.Operating income for the first quarter of 2025 increased by 89.0% to $4.2 million (9.9% of revenue) compared to $2.2 million (6.5% of revenue) in the first quarter of 2024.Net income for the first quarter of 2025 increased by 80.7% to $3.8 million compared to a net income of $2.1 million in the first quarter of 2024.Cash flow from operating activities was negative ($4.9) million in the first quarter of 2025 compared to negative ($3.5) million in the first quarter of 2024.

Mr. Igal Zamir, TAT’s CEO and President, commented: “Driven by strong execution and robust market demand, TAT Technologies continues to demonstrate its earnings power. During the first quarter, we delivered revenue growth of 23.6% and an increase of 56.2% in adjusted EBITDA, compared to the same period in 2024, expanding our bottom line even more rapidly than our top line. TAT has developed a multi-year track record of consistent profitability, delivering double-digit year-over-year growth for the last three years, while expanding profit margins.”

“Our strategic growth initiatives, implemented over the past few years, have significantly expanded our addressable market and diversified our revenue streams,” continued Mr. Zamir. “Despite industry wide supply chain challenges, our ‘Customer First’ initiative, which includes bolstering parts and rotatable inventory in key areas, enabled us to achieve our financial goals, fulfill customer demand, and strengthen our market position. While we expanded inventory levels and utilized additional cash, these strategic investments enhance our resilience and position us to capture market share in a dynamic supply environment.”

“In the first quarter, we secured over $52 million in new orders and long-term agreements, bringing our total backlog to $439 million.  This provides us with strong visibility and confidence in our continued growth and profitability. While broader market dynamics may influence near-term order flow, the demand for our expertise and capacity remains robust, positioning us well to further expand our backlog throughout the year.”

“To mitigate the evolving trade policy landscape, we’re closely monitoring recent tariff changes and taking measured steps to minimize any impact on our operations. Our teams are in active, solution-focused discussions with key suppliers to ensure material flow remains uninterrupted and cost increases are controlled. At the same time, we’re working closely with our customers to align expectations, adjust planning as needed, and maintain the high service levels they rely on.”

Non-GAAP Financial Measures

To supplement the consolidated financial statements presented in accordance with GAAP, the Company also presents Adjusted EBITDA. The adjustments to the Company’s GAAP results are made with the intent of providing both management and investors with a more complete understanding of the Company’s underlying operational results, trends, and performance. The Adjusted EBITDA is calculated as net income, excluding the impact of: the Company’s share in profit of equity investment of affiliated companies, share-based compensation, provision for income taxes, financial (expenses) income, net, and depreciation and amortization. The Adjusted EBITDA, however, should not be considered as an alternative to net income and operating income for the period and may not be indicative of the historic operating results of the Company; nor is it meant to be predictive of potential future results. The Adjusted EBITDA is not a measure of financial performance under generally accepted accounting principles and may not be comparable to other similarly titled measures for other companies. See reconciliation of Adjusted EBITDA below.

Investor Call Information

TAT Technologies will host a webcast to review the quarterly results on Tuesday, May 20, 2025, at 8:30 a.m. ET. Interested investors can register for the webcast at the link below or visit the investor relations section of the Company’s website at https://tat-technologies.com/investors/. 

Conference call

About TAT Technologies LTD

TAT Technologies Ltd. is a leading provider of services and products to the commercial and military aerospace and ground defense industries. TAT operates under four segments: (i) Original equipment manufacturing (“OEM”) of heat transfer solutions and aviation accessories through its Gedera facility; (ii) MRO services for heat transfer components and OEM of heat transfer solutions through its Limco subsidiary; (iii) MRO services for aviation components through its Piedmont subsidiary; and (iv) Overhaul and coating of jet engine components through its Turbochrome subsidiary. TAT’s controlling shareholder is the FIMI Private Equity Fund.

TAT’s activities in the area of OEM of heat transfer solutions and aviation accessories primarily include the design, development and manufacture of (i) broad range of heat transfer solutions, such as pre-coolers heat exchangers and oil/fuel hydraulic heat exchangers, used in mechanical and electronic systems on board commercial, military and business aircraft; (ii) environmental control and power electronics cooling systems installed on board aircraft in and ground applications; and (iii) a variety of other mechanical aircraft accessories and systems such as pumps, valves, and turbine power units.

TAT’s activities in the area of MRO Services for heat transfer components and OEM of heat transfer solutions primarily include the MRO of heat transfer components and to a lesser extent, the manufacturing of certain heat transfer solutions. TAT’s Limco subsidiary operates an FAA-certified repair station, which provides heat transfer MRO services for airlines, air cargo carriers, maintenance service centers and the military.

TAT’s activities in the area of MRO services for aviation components include the MRO of APUs, landing gears and other aircraft components. TAT’s Piedmont subsidiary operates an FAA-certified repair station, which provides aircraft component MRO services for airlines, air cargo carriers, maintenance service centers and the military.

TAT’s activities in the area of overhaul and coating of jet engine components includes the overhaul and coating of jet engine components, including turbine vanes and blades, fan blades, variable inlet guide vanes and afterburner flaps.

For more information about TAT Technologies Ltd., please visit our website:
www.tat-technologies.com. 

Contact:
Mr. Eran Yunger
Director of IR
erany@tat-technologies.com 

Safe Harbor for Forward-Looking Statements

This press release contains forward-looking statements which include, without limitation, statements regarding possible or assumed future operation results. These statements are hereby identified as “forward-looking statements” for purposes of the safe harbor provided by the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve risks and uncertainties that could cause our results to differ materially from management’s current expectations. Actual results and performance can also be influenced by other risks that we face in running our operations including, but are not limited to, general business conditions in the airline industry, changes in demand for our services and products, the timing and amount or cancellation of orders, [LTAs] and backlog, the price and continuity of supply of component parts used in our operations, and other risks detailed from time to time in the Company’s filings with the Securities Exchange Commission, including, its annual report on form 20-F and its periodic reports on form 6-K. These documents contain and identify other important factors that could cause actual results to differ materially from those contained in our projections or forward-looking statements. Shareholders and other readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they are made. We undertake no obligation to update publicly or revise any forward-looking statement.

TAT TECHNOLOGIES LTD. AND ITS SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEET

(In thousands)

March 31,

December 31,

2025

2024

(unaudited)

(audited)

ASSETS

CURRENT ASSETS:

Cash and cash equivalents

$    5,020

$          7,129

Accounts receivable, net of allowance for credit losses of $350

   and $400 thousand as of March 31, 2025 and December 31, 2024,

   respectively 

33,223

29,697

Inventory

72,980

68,540

Prepaid expenses and other current assets

8,375

7,848

Total current assets

119,598

113,214

NON-CURRENT ASSETS:

Property, plant and equipment, net

42,474

41,576

Operating lease right of use assets

2,115

2,282

Intangible assets, net

1,633

1,553

Investment in affiliates

3,722

2,901

Funds in respect of employee rights upon retirement

641

654

Deferred income taxes

358

877

Restricted deposit

315

305

Total non-current assets

51,258

50,148

Total assets

$   170,856

$       163,362

LIABILITIES AND STOCKHOLDERS’ EQUITY

CURRENT LIABILITIES:

Current maturities of long-term loans

$    1,976

$         2,083

Short-term loans

10,719

4,350

Accounts payable

12,592

12,158

Accrued expenses and other

15,572

18,594

Current maturities of operating lease liabilities

839

939

Total current liabilities

41,698

38,124

NON-CURRENT LIABILITIES:

    Long-term loans

10,391

10,938

Liability in respect of employee rights upon retirement

966

986

Operating lease liabilities

1,269

1,345

 Total non-current liabilities

12,626

13,269

Total liabilities

54,324

51,393

STOCKHOLDERS’ EQUITY:

Share capital, no par value

–

–

Additional paid-in capital

89,919

89,697

Treasury stock at cost

(2,088)

(2,088)

Accumulated other comprehensive income (loss)

452

(76)

Retained earnings

28,249

24,436

Total shareholders’ equity

116,532

111,969

    Total liabilities and stockholders’ equity

$  170,856

$     163,362

 

 

TAT TECHNOLOGIES LTD. AND ITS SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF INCOME

(In thousands, except share and per share data)

Three months ended

Year ended

March 31,

December 31,

2025

2024

2024

(Unaudited)

(Unaudited)

(Audited)

Revenues:

Products

$         12,724

$      11,935

$    47,710

Services

29,418

22,153

104,406

42,142

34,088

152,116

 Cost of goods:

 Products

8,331

8,986

33,986

 Services

23,857

18,036

85,116

32,188

27,022

119,102

 Gross profit

9,954

7,066

33,014

Operating expenses:

  Research and development, net

324

277

1,248

  Selling and marketing, net

1,928

1,660

7,746

  General and administrative, net

3,532

3,309

11,901

  Other income

–

(388)

(383)

5,784

4,858

20,512

Operating income

4,170

2,208

12,502

Interest expenses

(335)

(343)

(1,472)

Other financial income

  (expenses), net

277

(106)

(477)

Income before taxes on income

   (taxes benefit)

4,112

1,759

10,553

Provision for taxes on income

   (taxes benefit)

592

(153)

195

Profit before share of equity

   investment

3,520

1,912

10,358

Share in profits of equity investment

   of affiliated companies

293

198

809

 

Net income 

$          3,813

$         2,110

$            11,167

Basic and diluted earnings per share:

    Basic

$             0.35

$           0.20

$               1.08

    Diluted

$             0.34

$           0.19

$               1.00

Weighted average number of shares outstanding:

Basic 

10,940,358

10,378,978

10,363,978

Diluted

11,211,271

10,554,351

11,215,827

 

 

TAT TECHNOLOGIES LTD. AND ITS SUBSIDIARIES

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME

(In thousands)

Three months ended

Year ended

March 31,

December 31,

2025

2024

2024

(Unaudited)

(Unaudited)

(Audited)

Net income

$    3,813

$         2,110

$       11,167

Other comprehensive income (loss), net

Net unrealized losses from derivatives

–

(27)

(27)

Change in foreign currency translation adjustments                            

528

–

(76)

Total comprehensive income 

$     4,341

$        2,083

$       11,064

 

 

TAT TECHNOLOGIES LTD. AND ITS SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN EQUITY

(In thousands, except share data)

Share capital

Accumulated

Number of

 shares issued

Amount

Additional

paid-in

capital

other

comprehensive

income (loss)

Treasury

shares

Retained

earnings 

Total equity

BALANCE AT DECEMBER 31, 2023

10,377,085

3,140

76,335

27

(2,088)

13,269

90,683

CHANGES DURING THE YEAR ENDED

   DECEMBER 31, 2024:

Comprehensive income (loss)

–

–

–

(103)

–

11,167

11,064

Exercise of option

164,406

12

(12)

–

–

–

–

Cancel of shares par value

–

(3,152)

3,152

–

–

–

–

Issuance of common shares net of issuance costs of $162

   thousands

673,340

–

9,827

–

–

–

9,827

Share based compensation

–

–

395

–

–

–

395

BALANCE AT DECEMBER 31, 2024

11,214,831

–

89,697

(76)

(2,088)

24,436

111,969

CHANGES DURING THE PERIOD ENDED

   MARCH 31, 2025 (unaudited):

Comprehensive income

–

–

–

528

–

3,813

4,341

Share based compensation 

–

–

222

–

–

–

222

BALANCE AT MARCH 31, 2025 (unaudited)

11,214,831

$         –

$              89,919

$                 452

$      (2,088)

$       28,249

$116,532

 

 

TAT TECHNOLOGIES LTD. AND ITS SUBSIDIARIES

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(In thousands)

Three months ended

Year ended

March 31,

December 31,

2025

2024

2024

(Unaudited)

(Unaudited)

(audited)

CASH FLOWS FROM OPERATING ACTIVITIES:

Net income 

$     3,813

$     2,110

$    11,167

Adjustments to reconcile net income to net cash used in

   operating activities:

Depreciation and amortization

1,305

1,374

5,455

Loss from change in fair value of derivatives

–

22

22

Change in funds in respect of employee rights upon retirement

13

5

10

Net change in operating right of use asset and operating lease

   liability

(9)

4

18

Non-cash financial expenses

(83)

(214)

(187)

Decrease in restructuring plan provision

–

(20)

(63)

Change in allowance for credit losses

(50)

–

55

Share in profits of equity investment of affiliated companies

(293)

(198)

(809)

Share based compensation

222

41

395

Liability in respect of employee rights upon retirement

(20)

3

(14)

Gain on disposal of property, plant and equipment

–

(354)

(478)

Deferred income taxes, net

519

(409)

117

Changes in operating assets and liabilities:

     Increase in trade accounts receivable

(3,476)

(820)

(9,743)

     Increase in prepaid expenses and other current assets

(527)

(181)

(1,473)

     Increase in inventory

(3,861)

(2,637)

(17,165)

     Increase (decrease) in trade accounts payable

434

(700)

2,170

     Increase (decrease) in accrued expenses and other

(3,022)

(1,573)

4,705

Net cash used in operating activities

(5,035)

(3,547)

(5,818)

CASH FLOWS FROM INVESTING ACTIVITIES:

 Proceeds from sale of property and equipment

–

1,306

1,275

 Purchase of property and equipment

(2,862)

(989)

(5,126)

 Purchase of intangible assets

–

–

–

Net cash provided by (used in) investing activities

(2,862)

317

(3,851)

CASH FLOWS FROM FINANCING ACTIVITIES:

Repayments of long-term loans

(571)

(440)

(2,016)

Net change in short term credit from banks

6,369

(4,000)

(7,650)

Proceeds from issuance of common shares, net

–

–

9,827

Exercise of options

–

1

–

Net cash provided by (used in) financing activities

5,798

(4,439)

161

Net decrease in cash and cash equivalents and

  restricted cash

(2,099)

(7,669)

(9,508)

Cash and cash equivalents and restricted cash at beginning

  of period

7,434

16,942

16,942

Cash and cash equivalents and restricted cash at the end of

  period

$   5,335

$       9,273

$    7,434

SUPPLEMENTARY INFORMATION ON INVESTING

  ACTIVITIES NOT INVOLVING CASH FLOW:

Additions to operating lease right-of-use assets and operating

  lease liabilities

147

345

983

Reclassification between inventory and property, plant and

  equipment

579

60

155

Supplemental disclosure of cash flow information:

Interest paid

267

(442)

(1,400)

Income taxes paid

–

–

(39)

 

 

TAT TECHNOLOGIES LTD. AND ITS SUBSIDIARIES

 RECONCILIATION OF NET INCOME TO ADJUSTED EBITDA (NON-GAAP)  (UNAUDITED)

(In thousands)

Three months ended

Year ended

March 31,

December 31,

2025

2024

2024

Net income

$         3,813

$              2,110

$            11,167

Adjustments:

Provision for income taxes (taxes benefit)

592

(153)

195

Financial expense, net

58

449

1,949

Depreciation and amortization

1,353

1,428

5,717

       Share based compensation

222

41

395

       Share in profits of equity investment of

       affiliated companies

(293)

(198)

(809)

Adjusted EBITDA

$        5,745

$              3,677

$            18,614

 

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SOURCE TAT Technologies Ltd

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Sivers Semiconductors Expands Global Market Reach Through Strategic Agreement with WT Microelectronics

Published

59 minutes ago

on

November 11, 2026

By

Partnership leverages WT Microelectronics’ network of 25,000 customers across approximately 43 countries, expanding the global reach of Sivers’ InP lasers and wireless solutions

KISTA, Sweden, Nov. 11, 2026 /PRNewswire/ — Sivers Semiconductors AB (NASDAQ: SIVE) today announced a global distribution agreement with WT Microelectronics Co., Ltd. (TWSE: 3036), a world-leading electronics and semiconductors distributor.

With a 15% global market share, WT Microelectronics will serve as a strong global distribution partner for Sivers’ InP (Indium Phosphide) lasers and wireless beamformer products and solutions, connecting its product portfolio and availability at scale with customers globally. The agreement supports Sivers’ efforts to expand its commercial reach in markets where demand for optical technologies and high-capacity wireless connectivity continues to grow.

“WT is a global leader in electronics and semiconductors distribution. Partnering with WT Microelectronics and becoming their first laser line card gives Sivers access to an established global distribution network, strong demand creation capabilities and the ability to support production ramp fulfilments at scale,” said Vickram Vathulya, CEO of Sivers Semiconductors. “The WT partnership commitment is an indication of the strength of the innovation and scale Sivers is bringing to the ecosystems in AI infrastructure, SATCOM and defense.”

According to the Yole Group, InP continuous-wave DFB lasers for the AI photonics market is set to grow at 63% annually to $43.5B by 2031. And among the various applications for mmWave BFICs, the LEO (low earth orbit) SATCOM market is a fast-growing segment, where the Yole Group sees an expected growth of up to $1.2B by 2031.

“We are pleased to add Sivers’ CW lasers and wireless beamformer technologies to our portfolio. These solutions address important and expanding markets, including AI data center connectivity, satellite communications, and next-generation wireless,” said Joseph Cheng, SVP of Marketing at WT Microelectronics. “Our global distribution network and established customer relationships position us to bring these technologies to customers seeking advanced connectivity solutions. We look forward to working with Sivers to capitalize on these market opportunities.”

For more information, please visit https://www.sivers-semiconductors.com/. 

About Sivers Semiconductors

We are Critical Enablers of a Greener Data Economy with Energy Efficient Photonics & Wireless Solutions. Our differentiated high-precision laser and RF beamformer technologies help our customers in key markets such as AI Data Centers, SATCOM, Defense, and Telecom solve essential performance challenges while enabling a much greener footprint. Visit us at: www.sivers-semiconductors.com.

About WT Microelectronics

WT Microelectronics is a global top three electronic components distributor with end-to-end capabilities and a diversified geographic presence across Asia Pacific, the Americas and EMEA. Founded in 1993 initially as a Taiwan-based semiconductor components distributor, WT Microelectronics’ position is further strengthened by the acquisition of Future Electronics to become a truly global player. Together with Future Electronics, WT Microelectronics is partnering with over 400 suppliers across major technology segments to serve a highly diversified customer base of over 25,000 customers worldwide. Additional information about WT Microelectronics can be found at https://www.wtmec.com/.

Forward-looking statements

This press release contains forward-looking statements, including statements regarding expected orders, the timing and scale of the customer’s production ramp, deliveries, market development and revenue potential. Such statements are based on current expectations and are subject to risks and uncertainties, including the customer’s production plans, end-market demand and Sivers’ manufacturing capacity, which could cause actual results to differ materially. Sivers undertakes no obligation to update any forward-looking statements, except as required by applicable law.

CONTACT:

Media Contact   
Tyler Weiland 
Shelton Group
+1-972-571-7834
tweiland@sheltongroup.com

Company Contact
Heine Thorsgaard
CFO 
ir@sivers-semiconductors.com

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SOURCE Sivers Semiconductors

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Technology

The Tech Show 2026 Sets the Stage for a Smarter 2027 with Next-Generation Home and Lifestyle Technology

Published

59 minutes ago

on

November 11, 2026

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Tech into the New Year from 13-15 November 2026 at Suntec Convention Centre Levels 3 and 4, with exclusive shopping rewards, and a celebration of gaming and pop culture – from esports to trading card games and collectibles – at the co-located Game Fest 2026, organised by C2E4.

SINGAPORE, Nov. 11, 2026 /PRNewswire/ — A smarter home, a refreshed workspace or a gift worth unwrapping: The Tech Show 2026 puts everyday upgrades and festive finds in the spotlight at Suntec Convention Centre from 13 to 15 November 2026. Under the tagline “Tech into the New Year”, the three-day event invites visitors to discover and shop year-end tech upgrades for Work, Home and Play.

Organised by COMEX-IT Group Pte Ltd, the team behind Singapore’s biggest consumer tech exhibitions such as IT SHOW, Consumer Electronics Exhibition (CEE) and COMEX, The Tech Show 2026 showcases lifestyle tech brands across home appliances, connected living solutions, ergonomic furniture, gaming gear and IT. Visitors can experience products in person, compare their options and enjoy exclusive show offers as they tick off their year-end wish lists. Participating brands include:

1MORE, ACER, AFTERSHOCK, ASUS, AIBI, BEST DENKI, CR GROUP, DREAMCORE, DYSON, ECOVACS, ERGOTUNE, FOUR STAR, GIGA, GOODLIVING, GOOGLE, HINOMI, HISENSE, HONOR, HYDROFLUX, JISULIFE, LENOVO, LIVINGCARE, MIDEA, MOWE, PHILIPS, PRISM+, ROBOROCK, RUHENS, SAMSUNG MOBILE, SECRETLAB, SINGTEL, SHARK NINJA, STARHUB, TINECO, TCL, TORRAS, TOSHIBA, TRIDENT AIR, TTRACING, ULTI and more.

New Launches

Among the new launches at this year’s edition of The Tech Show are the Hisense C3 Ultra 4K Triple Laser Mini Projector, bringing entertainment to screens of up to 300 inches, and the TTRacing TILVO Active Tech Desk, designed to adapt to different working positions. TTRacing also introduces its ORA Sofa Chair BT21 Collection, featuring characters created through LINE FRIENDS’ collaboration with global pop group BTS. Available at The Tech Show in KOYA and RJ designs, the chairs combine powered reclining, swivel and rocking functions for everyday relaxation.

Homegrown brand PRISM+ will also unveil a new series of monitors in an all-white design, aimed at Mac users and those who favour minimalist desk setups. The range has a monitor for every kind of desk, from everyday work and casual gaming to professional editing on its new 6k flagship. Visitors can experience the monitors firsthand at the show, where further details and preorder pricing will be announced.

At home, the Tineco S6 Stretch Extreme II reaches beneath furniture with its 180° lay-flat design, while the Airlift Fusion concealed automated laundry rack combines heated drying, three-tone lighting and a UV function in a space-saving design. Other launches include the Mowe Skin Care+ Water Heater, Aerogaz’s latest slim kitchen hood and the GENESIS P800FMax 24K Gold Limited Edition digital lock, bringing added convenience and distinctive design to everyday spaces.

Check Out of 2026, Check Into 2027

Bringing the year-end shopping festivities to life, The Tech Show 2026 introduces the “67” Cashback Bonanza, offering shoppers two ways to be rewarded.

Under the 67 Tiered Rewards, shoppers can receive $50 in cash rebates with spending of $3,000–$5,000, $100 with spending of $5,001–$10,000, or $200 with spending above $10,000. Up to three same-day receipts may be combined, with rewards limited to the first 67 customer redemptions per tier daily.

Alternatively, shoppers can also participate in the “Spot ’67’. Score $67.” challenge through the 67 Lucky Cash Rebate. Those who spend at least $67 in a single same-day receipt, with the digits “6” and “7” appearing consecutively in the final receipt amount, can qualify for a chance to receive a $67 cash rebate. This option is limited to 67 lucky winners throughout the show.

The “67” theme also extends to participating exhibitors’ offers, from 67% discounts to deals limited to 67 sets. Highlights include the 1MORE S31 Earbuds at $39, down from $119 and limited to 50 sets, while selected TTRacing Maxx Gaming Chairs — Pain, Itachi and Tobi Editions — will be available at $276, down from $839, at 67% off for the first 67 minutes.

For festive gifting, the Secretlab TITAN Extra Extra Small in Plush Pink will be available at $120, compared with its usual price of $419, with no minimum spend for the first 67 customers. Home upgrades include the Yu Home YU STEAM PRO™ Cordless Steam Wet & Dry Floor Washer at $299, down from $899, with free delivery and limited to 67 sets. Visitors can also pick up the TCL Q7D Pro 55-inch SQD-Mini LED TV at $1,649, down from $2,899, with 67 sets available throughout the show.

Scribble Your Tech Highlight

Beyond shopping, visitors can capture a memory at the Scribble Booth by sharing their favourite tech purchase of 2026. Their handwritten message becomes part of a personalised video, available to download instantly — a keepsake to share as they “check out” of 2026 and “check into” 2027 at the last tech show of the year.

Game Fest Meets The Tech Show

Adding to the weekend’s experience, Game Fest 2026 brings its grand finale to The Tech Show on Level 4 from 13-15 November. From esports to community gaming and trading card games, visitors can explore gaming and creative culture alongside their next tech purchase. For program details and ticket purchases, visit gamefest.sg.

Admission to The Tech Show 2026 is free. Visitors are encouraged to register or log in to the Official Show Guide to browse show offers, view exhibitor e-brochures and the digital floor plan, and access participating deals and shopping rewards. For the latest updates and access to the Show Guide, visit https://showguide.comexitgroup.com.sg/

Event Details

Dates: 13 to 15 November 2026, Friday to Sunday

Venue: Suntec Convention Centre, Levels 3 & 4 (Halls 401-406)

Timing: 11am to 9pm (Level 3), 12pm to 9pm (Level 4)

Admission: Free Entry to The Tech Show 2026

Website: www.comexitshow.com.sg

COMEX-IT GROUP

COMEX-IT Group Pte Ltd is a Singapore-based events company specializing in the management and organization of large-scale consumer technology exhibitions. Backed by a team with strong track records and decades of industry experience, we are proud to steward some of the nation’s most established and recognized event brands, including COMEX, IT Show, Consumer Electronics Exhibition (CEE), and The Tech Show (TTS).

Our mission is to deliver impactful, high-quality experiences that connect consumers with the latest innovations in tech — while offering an exciting and rewarding shopping experience unlike any other.

View original content:https://www.prnewswire.com/apac/news-releases/the-tech-show-2026-sets-the-stage-for-a-smarter-2027-with-next-generation-home-and-lifestyle-technology-302936161.html

SOURCE COMEX-IT Group Pte Ltd

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Technology

ClearScore launches industry-first, free rent reporting to all major credit bureaus to help renters build their credit score

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59 minutes ago

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November 11, 2026

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New service enables millions of renters to build their credit score by ensuring their rental payments are recognised on their credit report, solving a long-standing inequality in the credit system

LONDON, Nov. 11, 2026 /PRNewswire/ — ClearScore, a global, data-driven, financial services platform that allows people to understand credit and access financial products, has today launched completely free rent reporting for millions of renters in the UK.

The new service enables users to report their rent payments to all three major credit bureaus – Experian, Equifax and TransUnion – directly through the ClearScore app or website.

Free to use and simple to set up, the service helps renters build a fuller financial track record through their regular rental payments. By bringing rental payments into credit reports, the service also gives lenders a more complete picture of an individual’s financial history when assessing creditworthiness.

ClearScore’s Rent Reporting addresses a long-standing gap in the credit system, where one of the biggest and most consistent payments renters make each month has not always been reflected in their credit history. While mortgage payments are recognised on credit reports, rental payments have historically not received the same recognition, putting renters at a disadvantage.

UK governments have backed pilots and considered parliamentary proposals to make rent reporting law since 2017, most notably the Creditworthiness Assessment Bill. ClearScore has now solved one of the UK’s long-running financial inclusion and fairness issues, with a completely free service that can be set up in minutes using ClearScore, the UK’s leading credit score and report app.

Rt Hon Justine Greening, Chair of The Purpose Coalition and Former Secretary of State for Education, said:

“Opportunity should be determined by talent and hard work, not by the barriers built into our systems. Back in 2018, I championed the Creditworthiness Assessment Bill because I believed it was fundamentally unfair that millions of renters could pay their rent reliably every month without that financial responsibility being properly recognised.

“Eight years on, it is fantastic to see ClearScore develop a practical, free solution to this longstanding issue. By using technology to ensure rental payments are reflected in people’s credit histories, ClearScore is helping to break down a barrier that has held too many people back from accessing affordable credit and taking the next step towards homeownership.

“This is what social mobility is about: ensuring that people’s efforts count and that innovation translates into real opportunities. ClearScore’s work demonstrates how businesses can help change systems for the better, giving more people the chance to get on in life.”

Justin Basini, Co-founder and CEO at the ClearScore Group, said:

“ClearScore is giving UK renters something that we feel is long overdue: free rent reporting, connected to all three credit bureaus, means that every rent payment finally counts.

“Completely free and simple to set up in the ClearScore app, this is a service to help millions of renters finally get greater recognition for the financial track record they are already building. It’s an issue that policymakers have been grappling with for almost a decade, and we are delighted to have developed this solution, bringing rent reporting to people across the UK helping them build positive credit history and demonstrate their creditworthiness.”

David Bernard, CEO at Equifax UK&I, said: 

“This expansion of our strategic long-term partnership with ClearScore marks a major step forward for financial inclusion. Our latest Financial Health Report revealed that up to one in four UK adults have a limited credit file or no traditional credit footprint at all. By bringing more rental data into Equifax credit reports, we’re giving the UK’s nine million renters greater control over their credit profiles and helping to unlock their access to credit. At the same time, it equips lenders to make more informed decisions, promote responsible lending and helping people live their financial best.”

The launch comes as new research – commissioned by ClearScore and carried out by 3Gem* – reveals the average renter has paid almost £60,000 in rent over their lifetime, while one in five (19%) say they have paid more than £100,000. For many, those payments are already comparable to the cost of owning a home, with seven in ten (71%) estimating they are paying the same as or more in rent than they would on a mortgage for a suitable home.

Yet many renters do not feel that their financial track record is helping them move closer to homeownership. Three in five (61%) feel frustrated they can afford their rent but do not believe they could qualify for a mortgage, while two-thirds (66%) believe their rental payment history would help them get a mortgage if lenders could see it.

This comes at a time when renting is both expensive and, for many people, increasingly long-term, with Office for National Statistics figures** showing the average UK private rent reached £1,393 a month in July 2026, up 3.7% year-on-year.

The rent reporting service, leveraging open banking technology, builds on ClearScore’s wider financial services ecosystem, spanning consumer credit, mortgages and embedded finance. Across the Group, consumer-permissioned data and technology are used to help people better understand and manage their finances, as well as access credit and mortgages.

Notes to editors

 *Research conducted online by 3Gem among 1000 renters in September 2026.
** https://www.ons.gov.uk/economy/inflationandpriceindices/bulletins/privaterentandhousepricesuk/august2026 

About The ClearScore Group

The ClearScore Group is a leading, data-driven, financial services platform, helping over 27 million people understand credit, access financial products and manage their borrowing. The Group operates a network of financial marketplaces and B2B data platforms across the UK, South Africa, Australia, New Zealand and Canada. 
As well as a consumer app, the Group includes technology platforms for businesses, including an open banking platform for lenders (D•One), a CRM software platform for mortgage brokers (Score) and an embedded credit marketplace for retailers and financial services providers (ClearScore Everywhere). 
The Group combines user-permissioned data at scale, cutting-edge technology and a strong consumer brand to match a loyal user base with a network of over 200 partners across five markets.

View original content to download multimedia:https://www.prnewswire.co.uk/news-releases/clearscore-launches-industry-first-free-rent-reporting-to-all-major-credit-bureaus-to-help-renters-build-their-credit-score-302934768.html

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