Technology
Infosys and Metsä Group Expand Strategic Collaboration to Drive AI-led IT Transformation
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2 hours agoon
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Powered by Infosys Topaz Fabric to enable intelligent, agentic IT operations
BENGALURU, India and ESPOO, Finland, Aug. 5, 2026 /PRNewswire/ — Infosys, (NSE: INFY) (BSE: INFY) (NYSE: INFY), a global leader in AI-first business consulting and technology services, today announced a significant expansion of its long-standing collaboration with Metsä Group, a globally operating forest industry company based in Finland. Under this multi-year engagement, Infosys will support the transformation of Metsä Group’s IT landscape towards a more efficient, unified, and AI-ready operating model, while delivering end-to-end IT services across the company’s global operations.
Infosys will draw on its industry expertise and technology capabilities to manage Metsä Group’s application management, cloud operations, workplace services, on-site IT/OT interface support, and service desk operations, across both mill and office locations. Through these efforts, Infosys will help drive productivity and economies of scale, while laying the groundwork for continuous innovation through automation, generative AI, and data-driven service management.
Central to the transformation is Infosys Topaz Fabric, a purpose-built, composable and open agentic services suite, that will power agentic AI capabilities and embed intelligence across Metsä Group’s IT operations. It will also help lift service delivery, speed up issue resolution, and enable cost savings across the expanded engagement.
Kristiina Lammila, Chief Information Officer of Metsä Group, said, “This engagement marks a new chapter in Metsä’s long-standing collaboration with Infosys, as we simplify and transform our IT sourcing model to meet the efficiency demands of today’s business environment. We are confident in our joint ability to deliver on these targets and accelerate the transformation of Metsä’s IT, powered by AI.”
Ruchir Budhwar, EVP & Industry Head, Europe, Manufacturing, Infosys, said, “The forestry industry is contending with rising cost pressures, growing operational complexity, and the need to scale AI-driven innovation, all at once. Metsä Group is approaching this with real clarity and ambition, and its decision to consolidate and transform the Group’s IT with Infosys reflects the trust built over years of collaboration. Infosys brings deep manufacturing sector expertise and a proven AI-first approach, with Infosys Topaz Fabric driving intelligent, agentic operations at the heart of this engagement. We are fully committed to delivering the outcomes that matter most to Metsä’s business, while deepening our long-term commitment to the Finnish market and strengthening our position as a leading technology partner in the region.”
About Metsä Group
Metsä Group has its roots in the Finnish forest: our parent company Metsäliitto Cooperative is owned by approximately 90,000 forest owners. We make wood products that people around the world need every day. We focus on pulp, paperboards, tissue and greaseproof papers, wood products, and wood supply and forest services. We are committed to regenerative forestry that measurably strengthens the forest ecosystem. We promote a culture of diversity, equality and inclusion. In 2025, our sales totalled EUR 5.8 billion, and we employ about 8,800 people.
More information: www.metsagroup.com
Follow Metsä Group: LinkedIn Instagram
About Infosys
Infosys (NSE: INFY) (BSE: INFY) (NYSE: INFY) is a global leader in AI first business consulting and technology services. Over 325,000 of our people work to amplify human potential and create the next opportunity for people, businesses, and communities. As navigators of enterprise transformation, we enable businesses in 59 countries to unlock AI value at scale. With over four decades of experience in managing the systems and workings of global enterprises, we accelerate business transformation through our AI-first value framework, deep domain expertise, and our unique ability to orchestrate innovations from our AI-native partner ecosystem. Infosys is recognized as the fastest growing IT services brand globally, committed to being a well-governed, environmentally sustainable partner for our clients where deep talent expertise, in an inclusive workplace, help them navigate their next.
Safe Harbor
Certain statements in this release, including those concerning our future events, future growth prospects, our future financial or operating performance and our offerings and collaborations are “forward looking statements” intended to qualify for the ‘safe harbor’ under the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are based on our current expectations, assumptions, estimates and projections about the Company, our industry, economic conditions in the markets in which we operate, and certain other matters. These forward-looking statements are subject to substantial known and unknown risks, uncertainties and other factors, that could cause actual results or outcomes to differ materially from those implied by such forward-looking statements. Important factors that may cause actual results or outcomes to differ from those implied by the forward-looking statements include, but are not limited to, risks and uncertainties regarding the execution of our business strategy, increased competition for talent, our ability to attract and retain personnel, increase in wages, investments to reskill our employees, our ability to effectively implement a hybrid work model, economic uncertainties and geo-political situations, technological disruptions and innovations such as artificial intelligence, the complex and evolving regulatory landscape including immigration regulation changes, particularly in the United States, our Environmental, Social, Governance (“ESG”) vision, our capital allocation policy and expectations concerning our market position, future operations, margins, profitability, liquidity and capital resources, our corporate actions including acquisitions, cybersecurity matters, the outcome of pending litigation and the US government investigation, and the effect of current and future tariffs. These and additional factors that may cause actual results or outcomes to differ from those implied by the forward-looking statements are discussed in more detail in our US Securities and Exchange Commission filings including our Annual Report on Form 20-F for the fiscal year ended March 31, 2026. These filings are available at www.sec.gov. In light of these and other uncertainties, you should not conclude that the results or outcomes referred to in any of the forward-looking statements will be achieved. Infosys may, from time to time, make additional written and oral forward-looking statements, including statements contained in the Company’s filings with the Securities and Exchange Commission and our reports to shareholders. The Company does not undertake to update any forward-looking statements that may be made from time to time by or on behalf of the Company unless it is required by law.
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SOURCE Infosys
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Technology
Community Health Network, Clarium to reduce surgical supplies costs
Published
43 minutes agoon
August 5, 2026By
Community will streamline operations in surgical settings and drive cost savings across nine hospitals.
NEW YORK, Aug. 5, 2026 /PRNewswire/ — Community Health Network, a leading health system based in Indianapolis, is deploying Clarium, an AI-powered supply chain automation platform, to transform its surgical supply chain and achieve significant cost savings. Clarium will provide Community with an AI platform that identifies cost savings opportunities in surgical settings, helping the organization reduce waste and lower the total cost of care across its nine hospitals. With one-third of its operating expenses tied to the supply chain, Community sees this as a top area for AI adoption to optimize and reduce costs.
“Clarium offered a novel solution, starting by using data to optimize physician preference lists and usage, and then expanding into other areas of supply chain management, such as contracting and procurement,” said Community Health Network president and CEO Patrick McGill, MD, DHA, MBA. “To optimize supply spend across the board is a large undertaking and now we have the technology to do that.”
The American Hospital Association estimates health systems collectively spend more than $297B on supplies each year as a result of waste, overpurchasing, and an overall lack of transparency. At a time when these organizations are facing margin pressures and need to reduce costs, AI platforms can help provide insights into product purchasing within high-cost settings such as operating rooms and procedural areas.
Community will deploy Clarium to target millions in savings on surgical spend each year. Clarium products help health systems automate optimization of tens of thousands of surgical preference cards — each preference card documents the exact products and quantities a surgeon requires to perform a procedure. Over time, preference cards become inaccurate — leading to overpurchasing and wasted items in the OR.
“One of our biggest challenges has been the lack of transparency and data regarding physician preference lists, and Clarium provides the insights necessary to make informed changes,” McGill said.
“We’re excited to help Community recognize immediate savings within surgical settings, which can be reinvested into where it matters most – patient care,” said Clarium CEO Steve Liou. “Community Health Network’s leadership team should be commended for recognizing that automation within its supply chain is a strategic imperative to dramatically lower costs. This forward-thinking mentality will help lower costs and transform the way they allocate financial resources.”
Benefits of the Clarium-Community deployment will include:
Reducing waste and lower total costs of careGreater transparency across Community’s supply chain operationsReducing team time spent on surgical supply chain management
Over time, the work between the two organizations will evolve and scale to help Community reach significant cost savings. To learn more, visit www.clariumhealth.com.
About Clarium
Clarium is an AI-powered automation platform that transforms the hospital supply chain into a systemwide margin lever. Clarium’s agentic AI-native system empowers health systems to enhance patient care and workforce development by reducing operational waste. Our innovative platform automates supply chain processes, turning financial misallocation into meaningful reinvestment and margin expansion.
Continuously learning AI agents convert intelligence into coordinated action across facilities, delivering measurable financial and operational gains in weeks without disrupting care or clinical autonomy.
Founded in 2020, Clarium is trusted by more than 20 health systems representing nearly 30% of U.S. healthcare supply chain spend. The company has raised more than $43 million from leading investors, including General Catalyst, Northzone, AlleyCorp, Kaiser Permanente Ventures, and the TMC Venture Fund. Learn more at www.clariumhealth.com.
About Community Health Network
Headquartered in Indianapolis, Community Health Network has been deeply committed to the communities it serves since opening its first hospital, Community Hospital East, in 1956. Community Health Network puts patients first while offering a full continuum of healthcare services, world-class innovations, and a new focus on population health management. Exceptional care, simply delivered, is what sets Community Health Network apart and what makes it a leading not-for-profit healthcare destination in central Indiana. For more information about Community Health Network, please visit eCommunity.com
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Technology
Galaxy Announces Second Quarter 2026 Financial Results
Published
43 minutes agoon
August 5, 2026By
NEW YORK, Aug. 5, 2026 /PRNewswire/ — Galaxy Digital Inc. (Nasdaq: GLXY) (the “Company” or “GDI”) today released financial results for the three and six months ended June 30, 2026. In this press release, a reference to “Galaxy,” “we,” “our” and similar words refers to GDI, its subsidiaries and affiliates, and, prior to the Reorganization Transactions, refers to Galaxy Digital Holdings LP (the “Partnership” or “GDH LP”), its subsidiaries and affiliates, or any one of them, as the context requires.1
— Financial Highlights
Q2 2026 net loss of $(85) million and diluted and adjusted EPS of $(0.09), driven primarily by the depreciation of digital asset prices in the quarter.2Q2 2026 adjusted gross profit of $43 million and adjusted EBITDA of $(77) million.2 Total equity of $2.7 billion and cash and stablecoin holdings of $2.5 billion as of June 30, 2026.
— Corporate Updates
Subsequent to quarter-end, Galaxy substantially expanded its data center footprint with the acquisition of three new sites in Texas for the development of AI data centers, bringing its total power pipeline to over 5.7 GW.Galaxy executed a development agreement to acquire 500 acres in the McGregor Industrial Park for its Merlin campus, securing an initial agreement to support 74 MW of capacity, with the potential to expand to up to 500 MW.Galaxy acquired two additional sites for development in Texas, Caspian and Selene, with potential power capacities of approximately 700 MW and 900 MW, respectively, subject to ERCOT’s interconnection process.Galaxy completed delivery of the first phase of power at its Helios data center campus in West Texas, delivering 200 MW of gross power — 133 MW of critical IT load — to CoreWeave under the Company’s 15-year lease agreement. Phase I was delivered on schedule, with rent commencement under the Phase I lease scaling with delivered capacity throughout the second quarter of 2026. On July 28, Galaxy, through its wholly-owned subsidiary Galaxy Helios Data Centers II LLC, completed a private offering of $3.5 billion of senior secured notes due 2031. Proceeds from the offering will be used to fund construction of Helios I, Phase II.Galaxy entered a multi-year agreement with BNY, which oversees more than $60 trillion in assets under custody, to further advance its digital asset infrastructure, including support for staking on BNY’s Digital Asset Custody platform. Galaxy is also serving as a design partner to support the continued development of BNY’s digital asset platform infrastructure.
SELECT FINANCIAL METRICS
Q2 2026
Q1 2026
Q/Q % Change
Total Assets
$10,844M
$9,992M
9 %
Total Equity
$2,720M
$2,779M
(2) %
Cash & Stablecoins3
$2,459M
$2,605M
(6) %
Net Digital Assets and Investments4
$1,160M
$1,362M
(15) %
Net Income / (Loss)
($85M)
($216M)
N.M.
Adjusted EBITDA2
($77M)
($188M)
N.M.
Note: Throughout this document, totals may not sum due to rounding. Percentage change calculations are based on unrounded results. N.M. is the abbreviation for “Not Meaningful”.
(1) On May 13, 2025, the Company, Galaxy Digital Holdings Ltd. and GDH LP consummated a series of transactions resulting in the reorganization of the Company’s corporate structure (the “Reorganization Transactions”).
(2) Adjusted EPS, Adjusted Gross Profit and Adjusted EBITDA are non-GAAP financial measures. Refer to pages 12 through 14 for more information and a non-GAAP to GAAP reconciliation to the most directly comparable GAAP measure.
(3) Includes $896M in Cash and Cash Equivalents and $1,563M in Stablecoins as of the end of Q2 2026 and $911M in Cash and Cash Equivalents and $1,694M in Stablecoins as of the end of Q1 2026.
(4) Refer to page 7 of this release for a breakout of Galaxy’s Treasury & Corporate net digital asset and investment exposure.
— Galaxy Financial Snapshot
Galaxy reported a net loss of $(85) million for Q2 2026 and diluted and adjusted EPS of $(0.09), driven primarily by the depreciation of digital asset prices during the period.1Digital Assets and Data Centers operating businesses generated $86 million of adjusted gross profit and $1 million of adjusted EBITDA, up $34 million and $21 million QoQ, respectively.1Digital Assets generated adjusted gross profit of $66 million and adjusted EBITDA of $(11) million. Despite the pullback in digital asset prices and activity during the quarter, adjusted gross profit increased by 34% QoQ, reflecting the resilience of our business model and further demonstrating that our earnings are becoming less dependent on the direction of digital asset prices.1Data Centers generated adjusted gross profit of $20 million and adjusted EBITDA of $11 million during the quarter, as capacity delivery to CoreWeave ramped throughout the period, with all 133 MW of critical IT load under the Phase I lease in service by quarter end. With the full 133 MW now delivered, due to contracted payments, Galaxy expects Phase I to generate quarterly leasing revenue of approximately $80 million, and expected quarterly project-level Adjusted EBITDA margin of over 90% beginning in the third quarter of 2026.1 Treasury & Corporate generated adjusted gross loss of $(42) million and adjusted EBITDA of $(78) million, driven primarily by unrealized losses on digital assets and investment positions.1
GAAP Revenues and Transaction Expenses
Q2 2026
Q1 2026
Q/Q % Change
Gross Revenues & Gains/(Losses) from Operations
$8,711M
$10,213M
(15) %
Gross Transaction Expenses
$8,486M
$10,017M
(15) %
Segment Reporting Breakdown
Q2 2026
Q1 2026
Q/Q % Change
Digital Assets Adjusted Gross Profit1
$66M
$49M
34 %
Digital Assets Adjusted EBITDA1
($11M)
($19M)
N.M.
Data Centers Adjusted Gross Profit1
$20M
$3M
560 %
Data Centers Adjusted EBITDA1
$11M
($0.9M)
N.M.
Treasury & Corporate Adjusted Gross Profit1
($42M)
($140M)
N.M.
Treasury & Corporate Adjusted EBITDA1
($78M)
($167M)
N.M.
Adjusted Gross Profit1
$43M
($88M)
N.M.
Adjusted EBITDA1
($77M)
($188M)
N.M.
Net Income
($85M)
($216M)
N.M.
Note: Throughout this document, totals may not sum due to rounding. Percentage change calculations are based on unrounded results. N.M. is the abbreviation for “Not Meaningful”.
(1) Adjusted EPS, Adjusted Gross Profit, Adjusted EBITDA and project-level Adjusted EBITDA margin are non-GAAP financial measures. Please see Non-GAAP Financial Measures below for further information. Refer to pages 12 through 14 for more information and a non-GAAP to GAAP reconciliation to the most directly comparable GAAP measure.
— Digital Assets
Global Markets
Global Markets reported adjusted gross profit of $49 million in the second quarter.1
Galaxy’s digital asset trading volumes declined 7% QoQ in a period where industry trading volumes were down more than double-digit percentage points sequentially. Average loan book size of $1.4 billion was up modestly compared to the prior quarter. New loan originations increased QoQ, supported by the successful pre-launch of the Galaxy Onchain Financing Rate (“GOFR”), alongside broader demand from new and existing clients.Galaxy launched an OTC Prediction Markets offering, enabling institutional clients to implement multi-asset hedging strategies around event-driven markets.
KEY PERFORMANCE INDICATORS
Q2 2026
Q1 2026
Q/Q % Change
Global Markets Adjusted Gross Profit1
$49M
$31M
58 %
Loan Book Size (Average)
$1,438M
$1,427M
1 %
Total Trading Counterparties
1,741
1,691
3 %
Global Markets Adjusted Gross Profit: Gross Profit from Galaxy trading activity, net of transaction expenses, and fee revenue associated with the Investment Banking business. Loan Book Size (Average): Average market value of all open loans, excluding uncommitted credit facilities.
Asset Management & Infrastructure Solutions
Asset Management & Infrastructure Solutions generated $17 million of adjusted gross profit in Q2 2026.1
Galaxy ended Q2 with $7.1 billion in combined assets under management and assets under stake, down 12% QoQ, driven primarily by the depreciation of digital asset prices during the period.3Galaxy entered a multi-year agreement with BNY, which oversees more than $60 trillion in assets under custody, to further advance digital asset infrastructure for institutional markets, including support for staking on BNY’s Digital Asset Custody platform. In addition to staking, Galaxy is serving as a design partner to further advance BNY’s digital asset platform infrastructure.Galaxy launched the Galaxy Fintech Fund, a long-short hedge fund investing in the convergence of traditional finance, blockchain infrastructure, and emerging technologies.Galaxy and State Street Investment Management launched the State Street Galaxy Onchain Liquidity Sweep Fund (“SWEEP”), a tokenized private liquidity fund designed to enable 24/7 onchain cash management via stablecoin, subject to availability of stablecoin in the fund’s portfolio.
KEY PERFORMANCE INDICATORS
Q2 2026
Q1 2026
Q/Q % Change
Asset Management & Infrastructure Solutions
Adjusted Gross Profit1
$17M
$18M
(6) %
ETFs
$1,805M
$2,190M
(18) %
Alternatives
$2,553M
$2,757M
(7) %
Assets Under Stake
$2,790M
$3,215M
(13) %
All figures are unaudited. ETFs: Include assets in Galaxy-sponsored and sub-advised exchange-traded funds, including seed investments by affiliates, based on prices as of the end of the specified period. ETF assets include both Galaxy balance sheet and third-party assets. Changes in ETF assets are generally the result of performance, inflows/outflows, and market movements. Alternatives: Includes committed capital closed-end vehicles, fund of fund products, engagements to unwind portfolios, affiliated and unaffiliated separately managed accounts, and seed investments by affiliates, based on prices as of the end of the specified period. For committed capital closed-end funds, Alternatives are reported as Net Asset Value (“NAV”) plus unfunded commitments. Alternatives for quarterly close vehicles are reported as of the most recent quarter available for the applicable period. Assets Under Stake: Represents the total notional value of assets bonded to Galaxy validators, based on prices as of the end of the specified period. These figures include both Galaxy balance sheet and third-party assets. Note: As of the end of Q2 2026, $733M of assets are captured within both Assets Under Stake and Alternatives.
(1) Adjusted Gross Profit is a non-GAAP financial measure. Refer to page 12 for more information and a reconciliation to the most directly comparable GAAP measure. (2) Source: The Block. Industry-wide trading volumes defined as spot cryptocurrency monthly exchange volumes, BTC futures, BTC options, and ETH options volumes. (3) Assumes prices for relevant cryptocurrencies as of 6/30/2026.
— Data Centers
Data Centers generated $20 million of adjusted gross profit and $11 million of adjusted EBITDA in Q2 2026.1
Q2 marked the segment’s first quarter of revenue-generating operations, as Phase I data hall delivery ramped throughout the quarter, with all 133 MW of critical IT load under the Phase I lease in service by quarter end. With the full 133 MW now delivered, due to contracted payments, Galaxy expects Phase I to generate quarterly leasing revenue of approximately $80 million and expected quarterly project-level Adjusted EBITDA margin of over 90% beginning in Q3 2026.1
KEY PERFORMANCE INDICATORS
Q2 2026
Q1 2026
Data Centers Adjusted Gross Profit1
$20M
$3M
Data Centers Adjusted EBITDA1
$11M
($0.9M)
Data Centers Total Assets (End of Period)
$2,544M
$2,104M
Data Centers Total Liabilities (End of Period)
$1,548M
$1,330M
Data Centers Quarterly Capital Expenditure
$448M
$354M
Delivered Critical IT Load2
133 MW
–
(1) Adjusted Gross Profit, Adjusted EBITDA and project-level Adjusted EBITDA margin are non-GAAP financial measures. Refer to pages 12 – 14 for more information and a reconciliation to the most directly comparable GAAP measure. (2) Represents revenue-generating capacity delivered to tenants, reflecting capacity delivered at quarter end.
Helios Data Center Campus:
Galaxy completed delivery of the first phase of power at its Helios data center campus in West Texas, delivering 200 MW of gross power — 133 MW of critical IT load — to CoreWeave under the Company’s 15-year lease agreement. Phase I was delivered on schedule, with rent commencement under the Phase I lease scaling with delivered capacity throughout the second quarter of 2026.Galaxy commenced construction on Phase II of Helios, a 260 MW critical IT capacity expansion, with HITT Contracting serving as general contractor. HITT has been mobilized and on site since April 2026, with earthwork complete and structural foundation work now underway. Data hall deliveries under Phase II are expected to begin in the second quarter of 2027.On July 28, Galaxy, through its wholly-owned subsidiary Galaxy Helios Data Centers II LLC, completed a private offering of $3.5 billion of senior secured notes due 2031. Proceeds from the offering will be used to fund construction of Helios I, Phase II.Galaxy continues to advance discussions with prospective tenants for the additional 830 MW of approved capacity at Helios not yet under lease, and has 2 GW of additional power under study at the Helios campus alone to support the rising demand for AI infrastructure.
The Helios Campus
CoreWeave Leases (Phases I+II+III)
1.63GW
800MW
526MW
15 Years
Total Approved Gross
Power Capacity
Gross Power Capacity
Critical IT Load
Base Lease Term, Excluding
Two 5-Year Extension Options
2,200+
Q2 2026
$1.2B+
90%+
Campus Acreage1
Phase I Rent
Commencement Date
Anticipated Average
Annual Revenue2
Anticipated Average Lease-
Level Adjusted EBITDA
Margins2
(1) Represents land under direct control. (2) Based on committed contractual terms, internal estimates for capital expenditures. Reflects anticipated average annual revenue across the full 526MW of contracted critical IT load over the lease term. Actual results may differ materially due to business, economic and competitive uncertainties and contingencies, which are beyond the control of the Company and its management and subject to change. Average Lease-Level adjusted EBITDA margin is a non-GAAP financial measure Refer to pages 12 – 14 for more information and a reconciliation to the most directly comparable GAAP measure.
Galaxy’s Path to Multi-Gigawatt Scale
Galaxy continues to build out a multi-gigawatt power pipeline across Texas, now totaling over 5.7 GW of potential capacity, as it expands beyond Helios to meet accelerating demand for AI and HPC infrastructure.
The Helios Campus
Helios currently has more than 1.6 GW of approved power capacity. Two additional 1 GW load requests — Helios III and Helios IV — are progressing through ERCOT’s interconnection process. Together, these requests represent potential total capacity of 3.6 GW, which would place Helios among the largest known 100% front-of-the-meter data center campuses.
Recent Site Acquisitions
Galaxy executed a development agreement with the city of McGregor, Texas, to acquire 500 acres in the McGregor Industrial Park for the development of Merlin, an AI and HPC data center campus. Galaxy is advancing the electrical infrastructure required to support the campus and has secured an agreement for approximately 74 MW of capacity in the initial phase, with the potential to grow into a 500 MW campus as the utility upgrades transmission infrastructure.Galaxy also acquired two additional sites in Texas for the development of AI and HPC data center campuses, Caspian and Selene, which have potential capacity of approximately 700 MW and 900 MW, respectively, subject to ERCOT’s interconnection process.
— Balance Sheet
Equity Capital
As of June 30, 2026, Galaxy had $2.7 billion in equity capital.
Below is a breakout of how the Company’s equity capital is allocated across its Digital Assets, Data Centers and Treasury & Corporate segments.
$2.7 billion of equity capital across three segments:
~36%
~36%
~28%
Digital Assets
Data Centers
Treasury & Corporate
Treasury & Corporate Net Digital Asset and Investment Exposure
The Company’s Treasury & Corporate segment maintains exposure to the digital asset ecosystem through a diversified allocation across spot positions, derivatives, ETFs, equities, venture investments, private equity holdings and fund investments.
The below pie chart is representative of the Treasury & Corporate segment’s net digital asset and investment exposure as of June 30, 2026.
(1)
Includes spot BTC, BTC derivatives, short and other hedge positions, associated tokens such as wrapped BTC, and interests in investment vehicles designed to hold BTC.
(2)
Includes spot SOL, SOL derivatives, short and other hedge positions, associated tokens such as wrapped SOL, and interests in investment vehicles designed to hold SOL, including Galaxy’s investment in Forward Industries.
(3)
Represents spot and interests in investment vehicles that provide exposure to other digital assets.
(4)
Includes publicly traded securities, including those subject to a short-term lock-up.
Earnings Conference Call
An investor conference call will be held today, August 5, 2026, at 8:30 AM Eastern Time. A live webcast will be available at https://investor.galaxy.com/, on the Company’s YouTube channel and through the Company’s X profile (@GalaxyDigitalHQ). A replay of the webcast will be available and can be accessed in the same manner as the live webcast on the Company’s Investor Relations website. Through August 31, 2026, the recording will also be available by dialing 1-844-512-2921, or 1-412-317-6671 (outside the U.S. and Canada) and using the passcode: 18446.
About Galaxy Digital Inc. (Nasdaq: GLXY)
Galaxy Digital Inc. (Nasdaq: GLXY) is a global leader in digital assets and data center infrastructure, delivering solutions that accelerate progress in finance and artificial intelligence. Our digital assets platform offers institutional access to trading, advisory, asset management, staking, self-custody, and tokenization technology. In addition, we develop and operate cutting-edge data center infrastructure to power AI and HPC workloads. Our 1.6 GW Helios campus in Texas positions Galaxy among the largest and fastest-growing data center developers in North America. The Company is headquartered in New York City, with offices across North America, Europe, the Middle East, and Asia. Additional information about Galaxy’s businesses and products is available on www.galaxy.com.
CAUTIONARY STATEMENT ABOUT FORWARD-LOOKING STATEMENTS
This press release and the accompanying conference call may contain “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) and the Private Securities Litigation Reform Act of 1995, and “forward-looking information” under Canadian securities laws (collectively, “forward-looking statements”). Our forward-looking statements include, but are not limited to, statements regarding our or our management team’s expectations, hopes, beliefs, intentions or strategies regarding the future. Statements that are not historical facts, including, without limitation, statements about Galaxy’s business plans and goals, including with respect to the Helios Data Center, lease agreements with CoreWeave, planned data centers, power capacity and energization timelines, the Galaxy Fintech fund, future reporting measures and business strategy, our future results of operations and financial position, and industry dynamics are forward-looking statements. In addition, any statements that refer to estimates, projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. The words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “forecast,” “intend,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “would” and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. The forward-looking statements contained in this document are based on our current expectations and beliefs concerning future developments and their potential effects on us taking into account information currently available to us. There can be no assurance that future developments affecting us will be those that we have anticipated. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond our control) or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. These risks include, but are not limited to: (1) the inability to maintain Nasdaq’s listing standards; (2) costs related to AI/HPC plans, transactions, operations and strategy, including impairment charges recognized in connection with the conversion of our Helios mining infrastructure and negative Adjusted EBITDA in recent periods; (3) changes in applicable laws or regulations, and changes or events that impact the cryptocurrency and AI/HPC industry, including potential regulation, that are out of our control; (4) the possibility that the Company may be adversely affected by other economic, business, and/or competitive factors; (5) declines in the prices of digital assets or in the volume of transactions that we conduct, and our exposure to market risk on our digital asset and investment positions; (6) the risk that our business will not grow in line with our expectations; (7) the possibility that our addressable market is smaller than we have anticipated and/or that we may not gain share of it; (8) the possibility that there is a disruption or change in power dynamics impacting our results or current or future load capacity; (9) any delay or failure to consummate our business mandates or achieve our pipeline goals; (10) technological challenges, cyber incidents or exploits; (11) risks related to retrofitting our existing facility from mining to AI/HPC infrastructure, including the timing of construction and its impact on lease revenue; (12) any inability or difficulty in obtaining additional financing for AI/HPC infrastructure needs on acceptable terms or at all; (13) changes to the AI/HPC infrastructure needs and their impact on future plans at the Helios campus; (14) any delay in obtaining, or failure to obtain, necessary ERCOT power approvals; (15) risks associated with the leasing business, including those associated with counterparties; (16) risks associated with our GalaxyOne platform; and (17) those other risks contained in filings we make with the Securities and Exchange Commission (the “SEC”) from time to time, including in our Annual Report on Form 10-K for the fiscal year ended December 31, 2025, filed with the SEC on February 26, 2026 and available on Galaxy’s profile at www.sec.gov (our “Form 10-K”), as such factors may be updated from time to time in our filings with the SEC, including without limitation, our Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2026. Should one or more of these risks or uncertainties materialize, they could cause our actual results to differ materially from the forward-looking statements. Except as required by law, we assume no obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, or to update the reasons if actual results differ materially from those anticipated in the forward-looking statements. You should not take any statement regarding past trends or activities as a representation that the trends or activities will continue in the future. Accordingly, you should not put undue reliance on these statements.
This press release and our earnings call contain certain preliminary information about our performance in the second quarter of 2026. This information is preliminary and represents the most current information available to management. The Company’s actual consolidated financial statements may differ materially as a result of the completion of normal quarterly accounting procedures and adjustments or due to other risks contained in our Form 10-K, as such risks may be updated from time to time in our filings with the SEC, including without limitation, our Quarterly Report on Form 10-Q for the quarterly period ended June 30, 2026. Although the Company believes the expectations reflected in this press release are based upon reasonable assumptions, the Company can give no assurance that actual results will not differ materially from these expectations.
Galaxy announces material information to the public through filings with the Securities and Exchange Commission, the investor relations and newsroom pages on its website (investor.galaxy.com and galaxy.com/newsroom), press releases, its LinkedIn profile (linkedin.com/company/galaxyhq), its X account (@galaxyhq), public conference calls and webcasts in order to achieve broad, non-exclusionary distribution of information to the public and for complying with its disclosure obligations under Regulation FD. Galaxy encourages investors and others to follow the channels listed above and to review the information disclosed through such channels.
Non-GAAP Financial Measures
In addition to our results determined in accordance with GAAP, this press release and the accompanying tables contain adjusted gross profit, adjusted EBITDA, project-level adjusted EBITDA margin, average lease-level adjusted EBITDA margin and adjusted EPS, which are non-GAAP financial measures. Adjusted gross profit, adjusted EBITDA, project-level adjusted EBITDA margin, average lease-level adjusted EBITDA margin and adjusted EPS are unaudited, presented as supplemental disclosure and should not be considered in isolation or as a substitute for, or superior to, the financial information prepared and presented in accordance with GAAP.
Please see pages 12 – 14 for a reconciliation of (i) adjusted gross profit to revenues and gains / (losses) from operations (including for our individual segments) during the three months ended June 30, 2026 and 2025, (ii) adjusted EBITDA to net income (loss) (including for our individual segments) during the three months ended June 30, 2026 and 2025 and (iii) adjusted EPS to diluted EPS for the three months ended June 30, 2026 and 2025. A reconciliation of the Company’s expected project-level adjusted EBITDA margin or average lease-level adjusted EBITDA margin to the most directly comparable GAAP financial measure cannot be provided without unreasonable effort and is not provided herein because of the inherent difficulty in forecasting and quantifying certain amounts that are necessary for such reconciliation and certain other items reflected in our reconciliation of historical non-GAAP financial measures, the amounts of which could be material.
It is important to note that the particular items we exclude from, or include in, adjusted gross profit, adjusted EBITDA, project-level adjusted EBITDA margin, average lease-level adjusted EBITDA margin and adjusted EPS may differ from the items excluded from, or included in, similar non-GAAP financial measures used by other companies in the same industry. We also periodically review our non-GAAP financial measures and may revise these measures to reflect changes in our business or otherwise.
We believe adjusted gross profit is a helpful non-GAAP financial measure to our management and investors because it eliminates the impact of the directly attributable transaction expenses. As such, it provides useful information about our financial performance, enhances the overall understanding of our past performance and future prospects, allows for greater transparency with respect to important metrics used by our management for financial, risk management and operational decision-making and provides an additional tool for investors to use to understand and compare our operating results across accounting periods.
Adjusted EBITDA is a non-GAAP financial measure that is used by management, in addition to GAAP financial measures, to understand and compare our operating results across accounting periods, for risk management and operational decision-making. This non-GAAP measure provides investors with additional information in evaluating the Company’s operating performance. Adjusted EBITDA represents Net income / (loss), excluding (i) equity-based compensation, (ii) notes interest and other expense, (iii) tax expense / (benefit), (iv) depreciation and amortization expense and (v) other discrete items which are not individually significant that we believe are not indicative of our ongoing results. The above items are excluded from our Adjusted EBITDA because these items are non-cash in nature, or because the amount and timing of these items are unpredictable, are not driven by core results of operations, and render comparisons with prior periods and competitors less meaningful. Project-level adjusted EBITDA margin is defined as project-level adjusted EBITDA for Helios Phase I, divided by leasing revenue, and excludes overhead expenses. Average lease-level adjusted EBITDA margin is defined as adjusted EBITDA for the CoreWeave lease, divided by leasing revenue, and excludes overhead expenses.
Adjusted EPS is defined as diluted EPS assuming all outstanding noncontrolling interest holders exchanged their LP units in GDH LP for Class A common stock of the Company. This non-GAAP financial measure is commonly used as an analytical indicator of performance by investors within the industries in which we operate. Adjusted EPS should not be considered in isolation or as an alternative to or a substitute for financial statement data presented in Galaxy Digital’s consolidated financial statements as indicators of financial performance.
Investors are cautioned that there are material limitations associated with the use of non-GAAP financial measures as an analytical tool.
© Copyright Galaxy Digital 2026. All rights reserved.
Galaxy Digital Inc.’s Consolidated Statements of Financial Position (unaudited)
(in thousands)
June 30, 2026
December 31,
2025
Assets
Current assets
Cash and cash equivalents
$ 895,744
$ 1,246,240
Digital intangible assets (includes $1,684.3 and $2,717.4 million measured at fair value)
2,450,733
3,526,216
Digital financial assets
1,055,655
988,621
Digital asset loans receivable, net of allowance
782,361
1,070,029
Investments
657,951
709,069
Assets posted as collateral, net of allowance
164,314
199,983
Derivative assets
135,134
83,807
Accounts receivable (includes $4.8 and $3.4 million due from related parties)
86,453
34,012
Digital assets receivable
3,171
3,778
Loans receivable, net of allowance
947,408
554,449
Prepaid expenses and other assets
59,523
99,734
Total current assets
7,238,447
8,515,938
Non-current assets
Digital assets receivable
3,218
4,719
Digital asset loans receivable, net of allowance, non-current
4,319
8,900
Investments (includes $740.9 and $864.0 million measured at fair value)
884,128
1,023,236
Digital intangible assets
11,023
26,824
Loans receivable, net of allowance, non-current
6,787
2,553
Property and equipment, net
2,218,204
1,423,113
Other non-current assets
411,332
276,275
Goodwill
66,523
66,523
Total non-current assets
3,605,534
2,832,143
Total assets
$ 10,843,981
$ 11,348,081
Liabilities and Equity
Current liabilities
Derivative liabilities
151,348
40,482
Accounts payable and accrued liabilities
306,839
277,663
Digital assets borrowed
1,486,909
2,361,161
Payable to customers
80,723
85,808
Loans payable
286,715
52,626
Collateral payable
1,933,066
1,980,171
Notes payable – current
436,985
428,545
Other current liabilities
130,583
85,062
Total current liabilities
4,813,168
5,311,518
Non-current liabilities
Notes payable
2,825,773
2,432,510
Digital assets borrowed, non-current
27,560
56,107
Other non-current liabilities (includes $71.5 and $72.3 million due to related parties)
457,372
513,169
Total non-current liabilities
3,310,705
3,001,786
Total liabilities
8,123,873
8,313,304
Equity
Class A common stock, $0.001 par value; 2,000,000,000 shares authorized and 194,798,949 issued and outstanding
194
192
Convertible Class B common stock, $0.0000000001 par value; 500,000,000 shares authorized and 196,596,698 issued and outstanding
—
—
Additional Paid in Capital
1,588,391
1,614,660
Accumulated other comprehensive income (loss)
1,926
(2,038)
Retained Earnings
232,855
342,921
Total stockholders’ equity(1)
1,823,366
1,955,735
Noncontrolling interest
896,742
1,079,042
Total equity
2,720,108
3,034,777
Total liabilities and equity
$ 10,843,981
$ 11,348,081
(1) For periods prior to the Reorganization Transactions, represents total GDH LP Unit Holders’ Capital.
Galaxy Digital Inc.’s Consolidated Statements of Operations and Other Comprehensive Income (Loss) (unaudited)
Three Months Ended
Six Months Ended
(in thousands)
June 30, 2026
June 30, 2025
June 30, 2026
June 30, 2025
Revenues
$ 8,557,336
$ 8,661,555
$ 18,598,780
$ 21,637,761
Gains / (losses) from operations
134,320
395,094
306,101
274,763
Data center leasing revenue
18,877
—
18,877
—
Revenues and gains / (losses) from operations
8,710,533
9,056,649
18,923,758
21,912,524
Operating expenses:
Transaction expenses
8,485,821
8,629,940
18,502,566
21,576,949
Impairment of digital assets
181,348
127,477
465,750
239,906
Compensation and benefits
83,996
64,969
167,544
121,922
General and administrative
18,766
11,783
33,348
85,745
Depreciation and amortization
9,161
7,458
15,000
20,071
Technology
16,254
11,598
31,017
21,485
Professional fees
19,012
22,791
30,043
43,563
Notes interest expense
25,098
14,240
42,674
28,311
Total operating expenses
8,839,456
8,890,256
19,287,942
22,137,952
Other income / (expense):
Unrealized gain / (loss) on notes payable – derivative
—
(125,150)
—
(35,544)
Other income / (expense), net
736
918
1,440
1,590
Total other income / (expense)
736
(124,232)
1,440
(33,954)
Net income / (loss) before taxes
$ (128,187)
$ 42,161
$ (362,744)
$ (259,382)
Income taxes expense / (benefit)
(42,871)
11,470
(61,117)
5,358
Net income / (loss)
$ (85,316)
$ 30,691
$ (301,627)
$ (264,740)
Other comprehensive income (loss), net of tax
Change in fair value of cash flow hedges
3,492
—
8,043
—
Other comprehensive income (loss)
3,492
—
8,043
—
Comprehensive income (loss)
$ (81,824)
$ 30,691
$ (293,584)
$ (264,740)
Comprehensive income / (loss) attributed to:
Class B Unit holders of GDH LP
—
(19,255)
—
(204,745)
Noncontrolling interests
(65,636)
35,446
(187,482)
35,446
Class A common stockholders of the Company(1)
$ (16,188)
$ 14,500
$ (106,102)
$ (95,441)
Net income / (loss) per share of Class A common stock (2)
Net income (loss) used in calculation of net income / (loss) per share of Class A common stock (2)
$ (17,913)
$ 14,500
$ (110,066)
$ (95,441)
Basic
$ (0.09)
$ 0.10
$ (0.57)
$ (0.70)
Diluted
$ (0.09)
$ 0.08
$ (0.58)
$ (0.76)
Weighted average shares outstanding used to compute net income / (loss) per share(3)
Basic
192,869,271
143,103,474
192,474,019
135,525,464
Diluted
192,869,271
371,717,071
390,465,556
349,390,820
(1) For periods prior to the Reorganization Transactions, represents net income / (loss) attributable to Class A Units of GDH LP.
(2) For periods prior to the Reorganization Transactions, represents net income / (loss) per Class A Unit of GDH LP.
(3) For periods prior to the Reorganization Transactions, represents weighted average Class A Units of GDH LP used to calculate net income / (loss) per unit.
Ownership of GDH LP Limited Partnership Interests
June 30, 2026
December31, 2025
Ownership
% interest
Ownership
% interest
Galaxy Digital Inc
194,798,949
49.8 %
192,695,681
49.3 %
Noncontrolling interests
196,596,698
50.2 %
198,408,277
50.7 %
Total
391,395,647
100.0 %
391,103,958
100.0 %
Reconciliation of Adjusted Gross Profit
The following table reconciles adjusted gross profit to revenues and gains / (losses) from operations for the three months ended June 30, 2026 and March 31, 2026:
Three Months Ended June 30, 2026
(in thousands)
Digital Assets
Data Centers
Treasury and
Corporate
Total
Revenues and gains / (losses) from operations
$ 8,716,232
$ 25,959
$ (31,658)
$ 8,710,533
Less: Transaction expenses
8,469,179
5,816
10,826
8,485,821
Less: Impairment of digital assets
181,348
—
—
181,348
Adjusted gross profit
$ 65,705
$ 20,143
$ (42,484)
$ 43,364
Three Months Ended March 31, 2026
(in thousands)
Digital Assets
Data Centers
Treasury and
Corporate
Total
Revenues and gains / (losses) from operations
$ 10,348,833
$ 3,050
$ (138,658)
$ 10,213,225
Less: Transaction expenses
10,015,414
—
1,331
10,016,745
Less: Impairment of digital assets
284,402
—
—
284,402
Adjusted gross profit
$ 49,017
$ 3,050
$ (139,989)
$ (87,922)
Reconciliation of Adjusted EBITDA
The following table reconciles the Company’s adjusted EBITDA figures to net income for the three months ended June 30, 2026 and March 31, 2026:
(in thousands)
Digital Assets
Data Centers
Treasury and
Corporate
Three Months
Ended June
30, 2026
Net income / (loss)
$ (19,048)
$ 31,155
$ (97,423)
$ (85,316)
Add back:
Equity based compensation and related expense
9,218
657
6,331
16,206
Notes interest and other expense
—
7,365
17,732
25,097
Tax expense / (benefit)
(1,704)
(32,450)
(8,717)
(42,871)
Depreciation and amortization expense
1,650
4,762
2,749
9,161
Other (1)
(646)
—
1,111
465
Adjusted EBITDA
$ (10,530)
$ 11,489
$ (78,217)
$ (77,258)
(in thousands)
Digital Assets
Data Centers
Treasury and
Corporate
Three Months
Ended March
31, 2026
Net income / (loss)
$ (34,304)
$ (1,547)
$ (180,460)
$ (216,311)
Add back:
Equity based compensation and related expense
10,971
637
6,491
18,099
Notes interest and other expense
—
—
17,576
17,576
Tax expense / (benefit)
—
—
(18,246)
(18,246)
Depreciation and amortization expense
3,164
—
2,675
5,839
Other (1)
808
—
4,698
5,506
Adjusted EBITDA
$ (19,361)
$ (910)
$ (167,266)
$ (187,537)
(1) Includes non-operating income and expenses, as well as other discrete items not indicative of ongoing operating performance, none of which were individually significant.
Reconciliation of Adjusted Income (Loss) per Share
The adjusted income (loss) per share represents the diluted income (loss) per Class A common stock assuming all outstanding noncontrolling interest holders exchanged their LP units in GDH LP for Class A common stock of the Company. In periods where the noncontrolling interest is already included in the GAAP diluted income (loss) per share, the adjusted income (loss) per share is identical to the GAAP income (loss) per share. Prior to the Reorganization Transactions, the noncontrolling interest was represented by Class B Units of Galaxy Digital Holdings LP.
The following table reconciles the Company’s adjusted income (loss) per share figures to diluted and basic income (loss) per share for the three and six months ended June 30, 2026 and June 30, 2025:
Three Months Ended
Six Months Ended
(in thousands, except for share data and per share amounts)
June 30, 2026
June 30, 2025
June 30, 2026
June 30, 2025
Net income (loss) to Class A unitholders
$ (17,913)
$ 14,500
$ (110,066)
$ (95,441)
Weighted-average Class A shares outstanding
192,869,271
143,103,474
192,474,019
135,525,464
Basic earnings (loss) per share
$ (0.09)
$ 0.10
$ (0.57)
$ (0.70)
Numerator:
Net income (loss) to Class A (basic)
$ (17,913)
$ 14,500
$ (110,066)
$ (95,441)
Add: Income (loss) attrib. to NCI (after tax)
—
16,191
(116,860)
(169,299)
Net income (loss) to Class A (diluted)
(17,913)
30,691
(226,926)
(264,740)
Denominator:
WA Class A shares outstanding (basic)
192,869,271
143,103,474
192,474,019
135,525,464
Add: NCI share exchange
—
211,890,313
197,991,537
213,865,356
Add: Compensatory awards
—
16,723,284
—
—
WA shares outstanding (diluted)
192,869,271
371,717,071
390,465,556
349,390,820
Diluted earnings (loss) per share
$ (0.09)
$ 0.08
$ (0.58)
$ (0.76)
Net income used to calculate diluted EPS
$ (17,913)
$ 30,691
$ (226,926)
$ (264,740)
Noncontrolling interest not included in diluted EPS numerator
(17,914)
—
—
—
Net income used to calculate adjusted income (loss) per share
$ (35,827)
$ 30,691
$ (226,926)
$ (264,740)
Weighted average number of Class A Common Stock shares for the purposes of diluted income (loss) per share
192,869,271
371,717,071
390,465,556
349,390,820
Additional noncontrolling interest weighted average shares outstanding
197,579,377
—
Weighted average number of Class A Common Stock shares for the purposes of Adjusted income (loss) per share
390,448,648
371,717,071
390,465,556
349,390,820
Adjusted income (loss) per share
$ (0.09)
$ 0.08
$ (0.58)
$ (0.76)
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SOURCE Galaxy Digital Inc.
Technology
Novisto Unveils Industry’s First On-Demand Materiality Solution, Fully Integrated into Its Core Sustainability Platform
Published
43 minutes agoon
August 5, 2026By
New offering replaces static consultant reports with a continuous, auditable framework for CSRD, ISSB, and GRI reporting.
MONTREAL, Aug. 5, 2026 /PRNewswire/ — Novisto, a leading enterprise sustainability performance management platform, today announced the launch of Novisto Materiality, its new integrated solution that digitizes double materiality assessments and gives sustainability teams a structured way to identify, document, and act on their most material sustainability risks and opportunities.
This capability is particularly relevant for organizations subject to the European Union’s Corporate Sustainability Reporting Directive (CSRD), which requires them to conduct double materiality assessments under the European Sustainability Reporting Standards (ESRS). Double materiality considers both the financial effects of sustainability issues on a business and the impacts a business has on people and the environment.
Double materiality isn’t just a concern under CSRD. Globally, the ISSB and GRI standards together require double materiality. Organizations need a reliable, auditable way to evaluate material ESG factors for reporting, risk management, and business strategy.
Helping Organizations Operationalize Materiality
Historically, materiality assessments relied on qualitative surveys that lacked a common yardstick. As a result, organizations could not objectively evaluate competing impacts—like emissions versus land use—or reconcile conflicting views across stakeholders.
Compounding the issue, the sheer time, effort, and expense turn these assessments into infrequent, point-in-time exercises. Organizations are often left with a static report—a rigid snapshot that quickly becomes outdated and remains nearly impossible to leverage for ongoing reporting, proactive risk management, and real-time business decisions.
Novisto overcomes these challenges by delivering an on-demand, digital materiality assessment embedded directly into its platform. Powered by GIST Impact’s science-backed methodology, the solution replaces subjective opinions with a standardized, data-driven scoring logic grounded in verifiable evidence. Because the framework is fully digitized, organizations can effortlessly run assessments whenever business needs arise—such as evaluating a potential acquisition—establishing an audit-ready, evidence-based foundation for enterprise ESG and risk programs.
By embedding materiality directly within Novisto’s core platform, clients can seamlessly move from assessment to disclosure in a single system—strengthening data lineage and streamlining auditability.
“Materiality assessments involve a significant amount of stakeholder input, analysis and judgement,” says Katherine Bruce, ESG Reporting Lead at Emirates Group. “Embedding materiality directly within Novisto will help us maintain a clear connection between those decisions and the resulting disclosures, improving transparency, traceability and consistency throughout the reporting process.”
Purpose-Built for Double Materiality Assessment
Novisto Materiality enables organizations to manage every stage of the double materiality assessment process within a single workflow:
Capture primary data: Guided workflows gather standardized qualitative and quantitative inputs in one place, feeding directly into the assessment.Generate materiality scores: AI-powered analysis produces impact and financial scores for every topic and IRO.Engage stakeholders efficiently: In-platform surveys invite internal and external stakeholders to validate results, without relying on disconnected tools.Document materiality decisions: Teams review, refine, and record the rationale behind each call in a traceable process that supports disclosures.Enable assurance and audit: Verified data and documented decisions provide a clear trail for assurance, audit, and data verification needs.
From Assessment to Ongoing Management
Novisto Materiality is designed for organizations conducting double materiality assessments, whether to meet compliance requirements or to better understand their most important sustainability impacts, risks, and opportunities. It can also support consulting firms running assessments on behalf of clients.
By pairing a robust, quantitative methodology with Novisto’s sustainability management expertise and platform capabilities, the product directly embeds materiality into larger sustainability programs. What was once a static report can now be managed through a platform that makes materiality insights easier to access, explain, and use across the organization on an ongoing basis.
“Materiality should not be treated as a box to check once every two years,” says Charles Assaf, CEO and Co-Founder of Novisto. “We believe the effectiveness and reliability of ESG and risk programs depend on the integrity of its starting point. This launch reflects our vision of giving organizations the confidence to manage sustainability information with the same discipline as financial information.”
For more information about Novisto Materiality, visit novisto.com. To arrange an interview with Charles Assaf, please contact Vanessa Horwell at vhorwell@thinkinkpr.com.
About Novisto
Novisto is the all-in-one enterprise system for sustainability performance management. Founded in 2019 and headquartered in Montreal, the company provides the digital infrastructure that large organizations need to manage sustainability data, disclosures, and performance with the same rigor as their financial data. Novisto helps sustainability leaders move beyond compliance and support long-term business resilience through reliable, actionable insights.
View original content to download multimedia:https://www.prnewswire.com/news-releases/novisto-unveils-industrys-first-on-demand-materiality-solution-fully-integrated-into-its-core-sustainability-platform-302843088.html
SOURCE Novisto
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Novisto Unveils Industry’s First On-Demand Materiality Solution, Fully Integrated into Its Core Sustainability Platform
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