Technology
Betolar Plc’s Business Review 1-3/2026: Record-high revenue driven by new projects; push for Metal Extraction Technology continues
Published
5 months agoon
By
KANNONKOSKI, Finland, April 23, 2026 /PRNewswire/ — Betolar Plc’s Business Review for 1 January–31 March 2026 (unaudited)
This is a summary of the Q1 Business Review, which is in its entirety attached to this release and can be downloaded from the company’s website at https://www.betolar.com/investors.
January-March 2026 in brief
Revenue amounted to EUR 441 thousand (164 thousand)Other operating income amounted to EUR 200 thousand (428 thousand)EBITDA amounted to EUR -972 thousand (-1,007 thousand)Cash and cash equivalents and short-term fund investments at the end of the period amounted to EUR 5,181 thousand (10,253 thousand)Liquidity and undrawn grants at the end of the period amounted to EUR 6,148 thousand (12,408 thousand)Order intake amounted to EUR 221 thousand (90 thousand)The number of new NRE projects was 3 (1)The average number of employees was 28 (34)Full year guidance unchanged: revenue for 2026 is expected to increase significantly compared to the previous year
Main events in January-March
Betolar, Ecograf and GTK collaborate to transform Epanko mine tailings using Betolar’s Metal Extraction Technology (2/2026)Trading in Betolar’s shares begun on 20 January 2026 on the OTCQX International marketplace in the United States (1/2026)Betolar’s Shareholders’ Nomination Committee’s proposals to the Annual General Meeting 2026 (1/2026)Annual General Meeting and the Constitutive Meeting of the Board of Directors on March 18, 2026 (3/2026)
Main events after the period
Betolar introduces a solution to protect critical infrastructure from drone and other threats (4/2026)
This business review is not an interim report under the IAS 34 standard. The company complies with the half-yearly reporting requirements of the Securities Markets Act and publishes business reviews for the first three and nine months of the year, which present key information and key figures on the company’s strategy and business development. The figures presented in this business review are unaudited. The figures in brackets refer to the corresponding period in the previous year, unless otherwise stated.
President and CEO’s review
“The start of 2026 was strong. The January–March revenue was all-time high in the company’s history. We made consistent progress across all key business areas and strengthened Betolar’s position as a developer of innovative, low-carbon solutions for critical needs of society.
In Mining & Metals, we received a follow-on order from Anglo American related to our Metal Extraction Technology processing of Sakatti mine tailings. We initiated also collaboration with EcoGraf and Geological Survey of Finland (GTK) to assess the utilization potential of tailings from the Epanko mine. These initiatives demonstrate the strong interest shown in our Metal Extraction Technology by leading global mining industry players, and in addition to these projects, we are actively advancing the demonstration of our technology’s performance at the next scale. During the review period, we also continued the development of cementless and low-carbon mining solutions within customer projects.
In Infrastructure Solutions, we focused on executing the company’s largest project order to date and continued the development of low-carbon and cementless concrete solutions for infrastructure projects. We also introduced a new solution to the market for protecting critical infrastructure, such as electrical substations and, especially, main transformers, against drones and other threats. The solution is based on a preventive approach, Betolar’s materials technology expertise, and the use of locally available materials, and it directly addresses the growing demand for improving the resilience and security of society.
In Circular Materials, business developed positively both internationally and in Finland. In India, blast furnace slag sales continued to grow, and in Finland we launched the sale of blast furnace slag to the concrete industry, enabling broader utilization of low-carbon materials that can be adopted immediately in construction.
Overall, the early part of the year reinforced Betolar’s strategic direction and created a solid foundation for business growth. We will continue our determined efforts to commercialize our technologies, deepen partnerships and bring our solutions to wider market adoption. Infrastructure solutions and the sale of circular economy materials support the company’s short-term revenue generation, while our investments in the development and commercialization of our Metal Extraction Technology support the company’s long-term value creation.
Finally, I would like to thank our customers for their trust, our partners for their excellent collaboration, and all Betolar employees for their committed work towards our shared goals. Together, we are building sustainable growth and solutions that create value both for our customers and society at large.”
Tuija Kalpala
Key Figures
Key indicators for the Group
(EUR thousand,
unless otherwise specified)
1–3
2026
1–3
2025
1–12
2025
Financial indicators
Revenue
441
164
946
Other operating income
200
428
1 414
EBITDA1
-972
-1,007
-3,709
Cash and cash equivalents and short-term fund investments (at the end of the period)1
5,181
10,253
6,715
Liquidity and undrawn grants (at the end of the period)1
6,148
12,408
7,681
Operational indicators
Order intake (EUR thousand)1
221
90
2,327
Number of new NRE projects1
3
1
9
Personnel (average number during the financial period)
28
34
32
1) Betolar uses certain indicators (EBITDA, cash and cash equivalents and short-term fund investments, liquidity and undrawn grants, order intake, and number of new NRE projects) as quarterly indicators of operational profitability and business performance. The definitions and calculation formulas of these indicators can be found in the annual report of the company.
Financial reporting
Betolar will publish the following financial reports in 2026:
12 August Half-year Review28 October Q3 Business Review
Betolar’s financial reports are available on the company’s website at www.betolar.com/investors.
Webcast for investors and media
Betolar will host a live webcast in English for investors and media on 23 April 2026 at 10.00 Finnish time.
You can follow the broadcast at https://betolar.events.inderes.com/q1-2026
In the English presentation, CEO & President Tuija Kalpala and CFO Mikko Wirkkala will present Betolar’s Business Review and other topical issues. A recording of the event and the corresponding presentation will be available on Betolar’s investor website later in the day at https://www.betolar.com/reports-and-presentations
Betolar Plc
More information
Tuija Kalpala, CEO & President, Betolar Plc, tuija.kalpala@betolar.com, +358 50 567 6608
Mikko Wirkkala, CFO, Betolar Plc, mikko.wirkkala@betolar.com, +358 50 458 4190
Certified Adviser
Aktia Alexander Corporate Finance Oy, +358 50 520 4098
About Betolar
Betolar is a circular economy and materials technology company. The company develops innovative solutions that transform industrial sidestreams and waste into low-carbon, cement-free products for the mining, metals, and construction industries.
At the core of Betolar’s offering is its groundbreaking Metal Extraction Technology for recovering critical and strategic metals from industrial waste streams and mine tailings. Through its continuously evolving Geoprime® solution, Betolar significantly reduces CO₂ emissions associated with traditional cement use and supports more sustainable mining and construction practices.
Complementing its material innovations, Betolar’s AI-based data platform accelerates solution development and optimizes the utilization of industrial sidestreams. The SidePrime analytics service, built on this platform, identifies and maps opportunities for efficient sidestream and waste utilization, enabling data-driven circular solutions.
Betolar was founded in 2016 and is domiciled in Kannonkoski, Finland. Betolar is listed on the Nasdaq First North Growth Market Helsinki (Helsinki: BETOLAR), and its shares are also traded in the United States on the OTCQX International marketplace
(OTCQX: BTLRF). For more information www.betolar.com.
This information was brought to you by Cision http://news.cision.com
The following files are available for download:
https://mb.cision.com/Main/21029/4338880/4053450.pdf
Betolar Q1 2026 Business Review
https://news.cision.com/betolar-oyj/i/3462713-0-png,c3531057
3462713_0.png
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Brightstar Lottery PLC Announces Successful Pricing of €500,000,000 of Senior Secured Notes Due 2032
Published
18 minutes agoon
September 10, 2026By
LONDON, Sept. 9, 2026 /PRNewswire/ — Brightstar Lottery PLC (NYSE: BRSL) (“Brightstar”) announced the successful pricing of €500,000,000 4.875% Senior Secured Notes due 2032 to be issued by Brightstar and to be guaranteed on a senior basis by certain of Brightstar’s wholly‑owned subsidiaries (the “Notes”). The Notes were priced at 99.360% of their nominal amount. Application has been made for the Notes to be listed on the Official List of Euronext Dublin and admitted to trading on the Global Exchange Market of Euronext Dublin.
Settlement of the Notes is subject to customary market and other closing conditions and is expected to occur on September 17, 2026.
Brightstar intends to use the gross proceeds from the sale of the Notes (i) to pay the purchase price for the Regulation S interests in its outstanding 2.375% Senior Secured Notes due 2028 pursuant to the tender offer announced by Brightstar on September 8, 2026 (the “Tender Offer”) and accrued and unpaid interest thereon, (ii) to repay utilizations under its senior revolving credit facilities and (iii) to pay fees and expenses incurred in connection with the offering (the “Offering”) and sale of the Notes and the tender offer.
The Notes are not being, and will not be, offered or sold in the United States. Nothing in the offering memorandum relating to the Offering (the “Offering Memorandum”) constitutes an offer to sell or the solicitation of an offer to buy the Notes in the United States or any other jurisdiction. The Notes may not be offered, sold or delivered in the United States absent registration under, or an exemption from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”). The Notes have not been, and will not be, registered under the Securities Act or the securities laws of any state or other jurisdiction of the United States and may not be offered, sold or delivered, directly or indirectly, within the United States or to, or for the account or benefit of, U.S. Persons (as defined in Regulation S under the Securities Act).
MiFID II Product Governance / Professional Investors and ECPs Only Target Market – Manufacturer target market (MiFID II product governance) is eligible counterparties and professional clients only (all distribution channels). No key information document has been prepared as the Notes are not available to retail investors in the European Economic Area (the “EEA”).
The Notes are not intended to be offered, sold or otherwise made available to and should not be offered, sold or otherwise made available to any retail investor in the EEA. For these purposes, a retail investor means a person who is one (or more) of: (i) a retail client as defined in point (11) of MiFID II; or (ii) a customer within the meaning of Directive (EU) 2016/97, where that customer would not qualify as a professional client as defined in point (10) of Article 4(1) of MiFID II. Consequently, no key information document required by Regulation (EU) No 1286/2014 (as amended, the “PRIIPs Regulation”) for offering or selling the Notes or otherwise making them available to retail investors in the EEA has been prepared and therefore offering or selling the Notes or otherwise making them available to any retail investor in the EEA may be unlawful under the PRIIPs Regulation.
U.K. MiFIR Product Governance / Professional Investors and ECPs Only Target Market – Manufacturer target market (UK MiFIR product governance) is eligible counterparties and professional clients only (all distribution channels). No disclosure document has been prepared as the Notes are not available to retail investors in the United Kingdom.
The Notes are not intended to be offered, sold, distributed or otherwise made available to and should not be offered, sold, distributed or otherwise made available to, any retail investor in the United Kingdom. For these purposes, a retail investor means a person who is either one (or both) of the following: (i) not a professional client as defined in point (8) of Article 2(1) of Regulation (EU) No 600/2014 as it forms part of domestic law by virtue of the European Union (Withdrawal) Act 2018 (“EUWA”); or (ii) not a “qualified investor” as defined in paragraph 15 of Schedule 1 of the Public Offers and Admissions to Trading Regulations 2024. Consequently, no disclosure document required by the FCA Product Disclosure Sourcebook (“DISC”) for offering, selling or distributing the Notes or otherwise making them available to retail investors in the United Kingdom may be unlawful under DISC and the Consumer Composite Investments (Designated Activities) Regulations 2024. References to Regulations or Directives include, in relation to the United Kingdom, those Regulations or Directives as they form part of United Kingdom domestic law by virtue of the EUWA or have been implemented in United Kingdom domestic law, as appropriate.
No action has been or will be taken in any jurisdiction in relation to the Notes to permit a public offering of securities.
OFFER AND DISTRIBUTION RESTRICTIONS
Neither this news release nor the Offering Memorandum constitutes an offer to sell, or a solicitation of an offer to buy, any security, nor shall there be any sale of any security in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction.
The distribution of this news release and the Offering Memorandum into certain jurisdictions may be restricted by law. Persons into whose possession this news release comes should inform themselves about and observe any such restrictions. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.
United Kingdom
The communication of this news release, the Offering Memorandum and any other documents or materials relating thereto is not being made, and such documents or materials have not been approved, by an authorized person for the purposes of Section 21 of the Financial Services and Markets Act 2000, as amended (the “FSMA”). Accordingly, such documents or materials are not being distributed to, and must not be passed on to, the general public in the United Kingdom. The communication of such documents or materials is exempt from the restriction on financial promotions under Section 21 of the FSMA on the basis that it is only directed at and may be communicated to (i) persons who have professional experience in matters relating to investments, being investment professionals as defined in Article 19 of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Financial Promotion Order”); (ii) persons who fall within Article 43(2) of the Financial Promotion Order; or (iii) any other persons to whom these documents or materials may lawfully be made under the Financial Promotion Order. Any investment or investment activity to which this news release or the Offering Memorandum relates is available only to such persons or will be engaged only with such persons and other persons should not rely on it.
European Economic Area
In member states of the EEA, this news release and the Offering Memorandum is only addressed to and directed at persons who are “qualified investors” within the meaning of Article 2(e) Regulation (EU) 2017/1129 (as amended), together with any applicable implementing measures in any Member State. The Notes are only available to, and any invitation, offer or agreement to subscribe, purchase or otherwise acquire such securities will be engaged in only with qualified investors. This news release should not be acted upon or relied upon in any member state of the EEA by persons who are not qualified investors.
Italy
None of the Offering, this news release or any other document or materials relating to the Offering have been or will be submitted to the clearance procedures of the Commissione Nazionale per le Società e la Borsa (“CONSOB”) pursuant to Italian laws and regulations. The Offering is being carried out in Italy as an exempted offer pursuant to Article 101-bis, paragraph 3-bis of Legislative Decree No. 58 of February 24, 1998, as amended, and Article 35-bis, paragraph 3 of CONSOB Regulation No. 11971 of 14 May 1999, as amended.
About Brightstar Lottery PLC
Brightstar Lottery PLC (NYSE:BRSL) is a global leader in lottery focused on innovation and forward-thinking strategies and solutions, building on our renowned expertise in delivering secure technology and producing reliable, comprehensive solutions for our customers. As a premier pure play global lottery company, our best-in-class lottery operations, retail and digital solutions, and award-winning lottery games enable our customers to achieve their goals, entertain players and distribute meaningful benefits to communities. Brightstar has a well-established local presence and is a trusted partner to governments and regulators around the world, creating value by adhering to the highest standards of service, integrity, and responsibility. Brightstar serves nearly 90 lottery customers and their players on six continents. It is the primary technology provider to 26 of the 46 lottery jurisdictions in the U.S. and eight of the world’s 10 largest lotteries with central systems. Brightstar has approximately 6,000 employees. For more information, please visit www.brightstarlottery.com.
Cautionary Statement Regarding Forward-Looking Statements
This news release contains forward-looking statements (including within the meaning of the Private Securities Litigation Reform Act of 1995) concerning Brightstar Lottery PLC and its consolidated subsidiaries (the “Company”) and other matters. All statements, other than statements of historical facts, included in this news release that address activities, events or developments that the Company expects, believes or anticipates will or may occur in the future are forward-looking statements. Forward-looking statements may be accompanied by words such as “aim,” “anticipate,” “believe,” “plan,” “could,” “would,” “should,” “shall,” “continue,” “estimate,” “expect,” “forecast,” “future,” “guidance,” “intend,” “may,” “will,” “possible,” “potential,” “predict,” “project” or the negative or other variations of them. However, the absence of these words does not mean that the statements are not forward-looking. These forward-looking statements represent management’s good faith expectations, projections, guidance or beliefs concerning future events, and it is possible that the results described in this news release will not be achieved. Specifically, the Company cannot assure you that the proposed transactions described above, including the successful completion of the Offering and the Tender Offer or, in the case of the Offering, will be made on the terms the Company currently contemplates, if at all. Information concerning these risks and other factors can be found in the Offering Memorandum and the tender offer memorandum with respect to the Tender Offer and the documents filed or furnished by the Company from time to time with the SEC, including the Company’s latest annual report on Form 20-F, which are available on the SEC’s website at www.sec.gov and on the investor relations section of the Company’s website at www.brightstarlottery.com. Except as required under applicable law, the Company does not assume any obligation to update these forward-looking statements. You should carefully consider these factors and other risks and uncertainties that may affect the Company’s business. All forward-looking statements contained in this news release are qualified in their entirety by this cautionary statement. All subsequent written or oral forward-looking statements attributable to the Company, or persons acting on its behalf, are expressly qualified in their entirety by this cautionary statement.
Contact:
Mike DeAngelis, Corporate Communications, +1 (401) 392-1000,
mike.deangelis@brightstarlottery.com
Matteo Selva, Italian media inquiries, +39 366 6803635
James Hurley, Investor Relations, +1 (401) 392-7190
© 2026 Brightstar Lottery PLC
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Straits Financial Services Pte Ltd Successfully Participates in First Trades of SGX McCloskey FOB Australia Hard Coking Coal Futures
Published
19 minutes agoon
September 10, 2026By
SINGAPORE, Sept. 10, 2026 /PRNewswire/ — Straits Financial Services Pte Ltd (SFSPL), a member of Straits Financial Group, is pleased to announce its successful participation in the first trades of the SGX McCloskey FOB Australia Hard Coking Coal Futures, marking an important milestone in the development of risk management solutions for the global metallurgical coal market.
Straits Financial Services’ participation in the inaugural trades reflects its continued commitment to supporting the development of commodity derivatives markets and providing clients with access to a broad range of exchange-traded risk management solutions.
The new contract further strengthens the suite of commodity products available to participants across the steelmaking value chain, including producers, traders, consumers and financial institutions. By providing a transparent and centrally cleared marketplace, the contract can support price discovery and help market participants manage exposure to fluctuations in hard coking coal prices, a critical raw material in global steel production.
Mr Roger Quek, CEO and MD of SFSPL said: “As commodity markets continue to evolve, access to transparent and liquid derivatives instruments is increasingly important for participants looking to manage price risk effectively. We look forward to supporting the growth of this market and continuing to connect our clients with opportunities across global commodity markets.”
Participation in the inaugural SGX McCloskey FOB Australia Hard Coking Coal Futures trades further demonstrates Straits Financial Services’ commitment to supporting product innovation and the continued development of Asia’s commodity derivatives ecosystem.
About Straits Financial Services Pte Ltd
At Straits Financial Services Pte Ltd, we distinguish ourselves by promoting key and innovative contracts to support the financial and commodity derivative markets as well as providing products and services to fulfill the needs of every trader.
With a strong presence in Asia and a deep understanding of the global markets, we provide value to our clients by enabling global access with a local perspective. Established in 2010, Straits Financial Services Pte Ltd is part of Straits Financial Group which is headquartered in Singapore.
Straits Financial Services Pte Ltd provides a fully integrated service for our clients to access the financial and commodity derivative markets and we strive to build lasting relationships with our clients.
For more information, please visit our website at https://www.straitsfinancial.com.
This document is issued for information purposes only. This document is not intended and should not under any circumstances to be construed as an offer or solicitation to buy or sell, nor financial advice or recommendation in relation to any capital market product. All the information contained herein is based on publicly available information and has been obtained from sources that Straits Financial Services Pte Ltd believes to be reliable and correct at the time of publishing this document.
Straits Financial Services Pte Ltd will not be liable for any loss or damage of any kind (whether direct, indirect or consequential losses or other economic loss of any kind) suffered due to any omission, error, inaccuracy, incompleteness, or otherwise, any reliance on such information. Past performance or historical record of futures contracts, derivatives contracts, and commodities is not indicative of the future performance. The information in this document is subject to change without notice.
If after reading the foregoing content you have any doubts in relation thereto, please consult your own independent legal, financial and/or professional adviser.
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Sandbox VR Continues to Expand Across Australia with a New Melbourne Venue, Opening September 14
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Sandbox VR brings the ‘best virtual reality experience on the planet’ to Melbourne
MELBOURNE, Australia, Sept. 10, 2026 /PRNewswire/ — Sandbox VR, the world’s premier venue for virtual reality experiences, is set to open its newest location in Melbourne’s vibrant Central Business District. This new location on Bourke Street in Melbourne joins Sandbox VR’s first Australian location on the Gold Coast. Guests can take advantage of a limited-time presale offer of 25% off through September 13 at https://sandboxvr.com/au/melbourne/bourke-street. With nearly 150K players monthly, Sandbox VR is rapidly growing its global footprint with thriving corporate-owned locations and a robust franchising program.
Sandbox VR’s Melbourne venue features a bar, party room and four private rooms where groups of up to six guests suit up with headsets, haptic vests and motion sensors for full-body immersion. The technology allows players to see and physically interact with one another, creating the feeling of living inside the action together. After each experience, guests receive personalised highlight videos to relive and share their adventures. The result is an active, memorable alternative to a conventional night out for friends, families and corporate groups.
“Melbourne is renowned as Australia’s cultural and entertainment capital, with its world-class food, coffee culture, arts, sporting events and vibrant nightlife,” said Bao Phung, Owner of Sandbox VR Melbourne & Gold Coast. “Following the success of our Gold Coast location, we’re incredibly excited to bring Sandbox VR to Melbourne and introduce a completely new form of immersive entertainment. It gives friends, families and corporate groups an active, memorable alternative to a conventional night out, where they can step into another world and experience the action together. Melbourne has always embraced innovation and new experiences, making it a natural home for Sandbox VR and the next chapter of our Australian growth.”
“Melbourne is an important next step in Sandbox VR’s Australian growth story. Bao, Keith and the wider team have built strong momentum for the brand on the Gold Coast, and Melbourne represents the next chapter as they bring our world-leading immersive entertainment to a new audience,” said Senior Director, Global Franchise Operations, Sandbox VR. “As a city that embraces culture, sport and new experiences, Melbourne is a natural fit for Sandbox VR and the memorable group outings it creates.”
Sandbox VR operates both corporate-owned locations and a robust franchise program, and recently hit $300M in lifetime sales while scaling to more than 90 global locations across five continents and 12 countries since launching in 2016. The company is redefining group entertainment with immersive experiences that transform any outing into lasting memories. Built by a team of veteran developers from EA, Sony, and Ubisoft, Sandbox VR delivers full-body immersion through exclusive content and original experiences, including the recently launched Stranger Things: Catalyst, in collaboration with Netflix, and the new Age of Dinosaurs experience in partnership with the Natural History Museum of London and leading dinosaur experts.
Sandbox VR provides an unparalleled entertainment experience with over 250,000 five-star reviews from guests worldwide. With over 6 million lifetime tickets sold across five continents, the company has established itself as the global leader in location-based virtual reality. Sandbox VR is backed by Andreessen Horowitz, Alibaba Entrepreneurs Fund, Gobi Partners, Craft, and Stanford University, along with individuals such as Kevin Durant, Justin Timberlake, and Katy Perry.
To learn more about Sandbox VR, visit https://sandboxvr.com/au/melbourne/bourke-street.
ABOUT SANDBOX VR
Sandbox VR is the world’s premier destination for location-based virtual reality experiences. Operating across 90+ venues around the globe through a robust franchise and corporate-owned model, Sandbox VR attracts nearly 150,000 guests each month. Sandbox VR provides guests the opportunity to step out of everyday reality into unforgettable adventures through exhilarating, group-play immersive experiences. Using a proprietary full-body VR platform, the company develops original and licensed content, including exclusive experiences like Stranger Things: Catalyst and Squid Game Virtuals in collaboration with Netflix, and the Sandbox VR original Deadwood series. With over 6 million tickets sold worldwide, Sandbox VR has become the leader in immersive entertainment, combining premium technology with emotionally engaging storytelling. Recognized as one of Fast Company’s Most Innovative Companies and a two-time honoree on the Inc. 5000 list of America’s fastest-growing private companies, Sandbox VR is headquartered in San Francisco with offices in Hong Kong and Vancouver. The company has raised over $138 million from investors, including Andreessen Horowitz, Alibaba Entrepreneurs Fund, Gobi Partners, and Craft, with individual backers including Justin Timberlake, Kevin Durant, and Will Smith.
Media Contact:
Media@SandboxVR.com
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SOURCE Sandbox VR
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