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Sonae grows 14% and reaches record sales of €11.4 billion in 2025

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PORTO, Portugal, May 12, 2026 /PRNewswire/ — Sonae (Euronext Lisbon: SON), a Portuguese-based multinational managing a diversified portfolio of businesses across retail, real estate, telecommunications, technology and innovation, achieved record turnover of €11.4 billion in 2025, growing 14.2% year-on-year. This performance reflects the solid growth of its retail businesses and investment in acquisitions over the past two years.

As a result of the Group’s growth, significant operational efficiency gains and investment in the expansion of its global portfolio, underlying EBITDA reached €1.1 billion, increasing 23.6% compared to 2024, total EBITDA rose 17.6% to €1.2 billion, and net result attributable to shareholders increased 11% to €247 million. Sonae’s share price delivered a strong performance, rising 76% in 2025.

Cláudia Azevedo, CEO of Sonae, states: “We are confident in the strength of our portfolio, which is well positioned for long-term value creation. It is balanced both geographically and across sectors, with all businesses holding relevant market positions and strong value propositions, benefiting from exposure to markets with solid structural tailwinds. We look to the future with confidence and optimism.”

In the retail sector, Sonae Group’s brands hold leading positions in their respective segments across several European markets, operating a network of more than 2,500 owned stores, with 128 new stores opened in the last year. In food retail, MC is the market leader in Portugal through the Continente brand, operating hypermarket, supermarket and convenience formats.

In the health and beauty segment, the Group is a market leader in Spain through Druni and Arenal, a 50/50 partnership between MC and the Casp family, and in Portugal through Wells. In electronics retail, Sonae owns Worten, the market leader in Portugal, with operations in Spain, as well as in several countries through its services and repair company iServices. In fashion retail, the Group owns Salsa, a denim specialist present in around 50 countries.

In the pet care segment, Musti operates in seven geographies and is the market leader in the Nordic and Baltic countries.

Through Sierra, Sonae also operates globally in the real estate sector, developing and managing shopping centres and real estate projects, including in the office and residential segments. Sierra also has a partnership with Bankinter for the management of ORES, which invests in real estate assets in Iberia. Additionally, Sierra is part of the controlling group of ALLOS, the leading shopping centre operator in Latin America. In October, Sierra acquired the Real Estate Management division of Unibail-Rodamco-Westfield, becoming the second-largest third-party shopping centre manager in Germany.

The Group also holds investments in technology companies through its subsidiary Bright Pixel, which invests in companies and start-ups with solutions for the retail, telecommunications and cybersecurity sectors.

Through its Sparkfood unit, Sonae also operates in the supply of natural extracts and active ingredients for human, pet and plant care.

Find out more at www.sonae.pt.

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SOURCE Sonae

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Trex Energy Hyderabad secures 3 awards for energy storage excellence in India

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HYDERABAD, India, Aug. 6, 2026 /PRNewswire/ — Trex Energy Pvt. Ltd. has reached a significant milestone in India’s clean energy sector by securing three honors from the India Energy Storage Alliance (IESA). The organization named Trex Energy the Commercial & Industrial (C&I) Company of the Year, recognizing the firm’s role in advancing battery energy storage systems (BESS) for industrial applications. This recognition highlights the company’s impact on the regional clean energy ecosystem and its focus on manufacturing excellence.

Director Seema Goyal received the Women in Energy award and was named to the industry’s 40 Under 40 leadership list. These accolades highlight her influence in shaping the transition toward renewable power and sustainable infrastructure. The awards were presented at leading industry platforms, reinforcing Trex Energy’s position as an emerging force in energy storage.

Complete details on the company’s energy storage portfolio are available at www.trexenergy.in

Advancing energy storage technology

The company has developed a technology-driven portfolio that addresses grid stability and demand management across multiple sectors, including telecom infrastructure and smart energy management. Key focus areas include:

C&I Battery Storage: Specialized solutions designed for large-scale industrial energy reliability and efficiency.Renewable Integration: Technologies that pair solar and wind power with storage to ensure consistent energy supply.Utility-Scale Systems: High-capacity storage units designed for grid-level management and stability.Peak Shaving and Demand Management: Systems that allow industries to optimize power consumption during high-cost periods.

The IESA awards recognize organizations demonstrating excellence in innovation, execution, and customer impact within the energy storage industry. By securing the C&I Company of the Year title, Trex Energy has demonstrated its ability to deliver high-impact storage solutions in a competitive market. The company’s work in advanced lithium battery technologies and smart Energy Management Systems (EMS) provides a foundation for more resilient power grids and optimized industrial consumption.

“This recognition from the India Energy Storage Alliance is a milestone for the entire Trex Energy team,” said Mr. Bharat Chhittarka, Director at Trex Energy. “It reflects our commitment to engineering Battery Energy Storage Systems that empower industries to embrace reliable and efficient energy. As demand for storage continues to accelerate, we remain focused on innovation and delivering solutions that create long-term value for our customers.”

In addition to the organizational award, the individual recognition for Seema Goyal underscores the importance of inclusive leadership in the renewable sector. The company remains committed to building technologies that accelerate the national energy transition while fostering innovation within its technical teams.

About Trex Energy

Trex Energy Pvt. Ltd. is an Indian clean energy company specializing in Battery Energy Storage Systems (BESS), Commercial & Industrial energy storage, utility-scale storage solutions, telecom energy infrastructure, lithium battery technologies, and renewable energy integration. Driven by innovation, engineering excellence, and customer-centric solutions, Trex Energy is committed to advancing India’s clean energy transition through intelligent and scalable energy storage technologies.

Discover the latest innovations in Battery Energy Storage, Clean Energy, and Lithium Battery Solutions by following Trex Energy on their official social media channels.
LinkedIn: https://www.linkedin.com/company/101364690/
Instagram: https://www.instagram.com/trex.energy?igsh=MWs2NXZzYWp2bHBn&utm_source=qr

Website: www.trexenergy.in

 

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Acrab Raises US$130 Million Series B, Advancing Agentic AI Compute Platform Commercialization

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SINGAPORE, Aug. 6, 2026 /PRNewswire/ — Acrab today announced a US$130 million Series B financing round, with continued support from existing leading investors Vertex Ventures SEA & India and Vertex Growth, as well as participation from renowned institutional investors across Europe and Southeast Asia.

Following its emergence from stealth with more than US$350 million in cumulative funding and the launch of its GΞLIX 1-powered Agent Box platform, Acrab is entering its next phase of commercialization, with visible paths to industrial deployments across domains and expected revenue within this year.

Acrab is building a full-stack AI computing platform combining purpose-built silicon, edge AI, and intelligent software orchestration.

The new funding will support product scaling, ecosystem expansion, and the development of Acrab’s next-generation computing platform.

About Acrab

Acrab is a technology company building agentic AI compute infrastructure for the next generation of intelligent systems. Founded in 2024, the company develops high-performance AI compute architecture and integrated software platforms designed to bring AI agents into action, providing personalized assistance and real-time execution across a range of edge environments.

By combining purpose-designed silicon, advanced edge AI models, full-stack software and system orchestration, Acrab provides the computing foundation for AI agent systems across everyday life, bringing assistance, creativity, utility and value.

For more information about Acrab, please visit https://www.acrab.ai/.

View original content:https://www.prnewswire.co.uk/news-releases/acrab-raises-us130-million-series-b-advancing-agentic-ai-compute-platform-commercialization-302844550.html

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Taboola Investigation Notice: SueWallSt Notifies Investors of Pending Investigation Into Taboola (TBLA)

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Taboola told investors its quarter was strong and raised its full-year ex-TAC gross profit outlook. The same release cut 2026 revenue and non-GAAP net income guidance — and the stock fell.

NEW YORK, Aug. 5, 2026 /PRNewswire/ — Taboola.com Ltd. (NASDAQ: TBLA) shares declined on August 5, 2026, after the Company guided full-year 2026 revenue to $1.930-$1.956 billion — as much as $110 million, or 5.4%, below the $2.04 billion FactSet consensus. If you lost money holding TBLA, you are encouraged to submit your TBLA loss information now. You may also contact Joseph E. Levi, Esq. via email at jlevi@SueWallSt.com or by telephone at (888) SueWallSt.

The August 5 announcement was headlined “Taboola Reports Strong Q2 2026 Financial Results, & Raises Full-Year ex-TAC Gross Profit and Adjusted EBITDA guidance.” Inside the same release, the company’s updated guidance revealed it had negatively revised revenue and non-GAAP net income projections for fiscal year 2026. This followed a raise in revenue guidance following Taboola’s Q1 results. Revenue guidance for fiscal year 2026 has shifted from $1.993-$2.054 billion on February 25, 2026, up to $2.006-$2.062 billion on May 6, 2026, and now down to $1.930-$1.956 billion on August 5, 2026.

SueWallSt notifies investors of a pending investigation into potential securities law violations at Taboola on behalf of investors who suffered losses. The investigation concerns whether the Company’s public statements were consistent with the revenue trajectory reflected in its August 5, 2026 outlook.

Shareholders who lost money on Taboola are encouraged to click here to learn more about the investigation or call (888) SueWallSt.

WHY SUEWALLST: SueWallSt is powered by Levi & Korsinsky LLP. Levi & Korsinsky LLP has established itself as a nationally-recognized securities litigation firm that has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. The firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services’ Top 50 Report as one of the top securities litigation firms in the United States.

Frequently Asked Questions About the TBLA Investigation

Q: Which statements are being investigated as potentially misleading?A: The investigation concerns whether Taboola.com Ltd. made materially false or misleading statements regarding its revenue outlook and growth trajectory. When the Company revised its fiscal 2026 revenue guidance downward, the stock price declined.

Q: Who is eligible to participate in the TBLA investigation?A: Investors who purchased TBLA stock or securities and suffered financial losses may be eligible. Eligibility is based on purchase date and documented losses — not on whether you still hold the shares.

Q: Who is conducting the TBLA investigation?A: Levi & Korsinsky, LLP is investigating potential securities fraud claims on behalf of investors who purchased TBLA securities. The firm is nationally recognized, ranked in the ISS Top 50 for seven consecutive years, and has recovered hundreds of millions of dollars for aggrieved investors.

Q: What do TBLA investors need to do right now?A: Gather brokerage records including purchase dates, share quantities, and prices paid. Contact SueWallSt, a brand of Levi & Korsinsky LLP, for a no-cost, no-obligation evaluation at jlevi@levikorsinsky.com or (212) 363-7500. No immediate action is required to remain eligible to participate in the investigation.

Q: What documents do I need to participate?A: Brokerage statements or trade confirmations showing purchase dates, share quantities, prices paid, and any subsequent sale dates and prices.

Q: What if I already sold my TBLA shares — can I still recover losses?A: Yes. Eligibility is based on when you purchased, not whether you still hold the shares. Investors who bought TBLA and sold at a loss may still participate in the investigation.

Q: What does it cost me to participate?A: There is no upfront cost to participate. Securities investigations and any resulting actions are generally handled on a contingency basis — no retainer and no out-of-pocket costs.

Q: Do I need to go to court or give testimony?A: No. Participating in the investigation does not require court appearances or depositions.

CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
33 Whitehall Street, 27th Floor
New York, NY 10004
jlevi@SueWallSt.com
Tel: (888) SueWallSt
Fax: (212) 363-7171

Attorney Advertising. Prior results do not guarantee similar outcomes.

View original content to download multimedia:https://www.prnewswire.com/news-releases/taboola-investigation-notice-suewallst-notifies-investors-of-pending-investigation-into-taboola-tbla-302844327.html

SOURCE SueWallSt.com

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