Technology
TAT Technologies Reports Record Second Quarter 2026 Results
Published
2 months agoon
By
Revenue Increases 22.8% as Demand Remains Strong and Supply Chain Conditions Ease; Backlog and Long-Term Agreements Reach Record $615 Million
CHARLOTTE, N.C., Aug. 5, 2026 /PRNewswire/ — TAT Technologies Ltd. (NASDAQ: TATT) (TASE: TAT Tech), a leading supplier of products and services for the commercial and military aerospace and ground defense industries, today reported financial results for the second quarter ended June 30, 2026.
Financial highlights:
Revenues were $52.9 million, a 22.8% increase compared to $43.1 million in the second quarter of 2025. For the first half of 2026, revenues increased by 10.4% to $94.1 million compared to $85.2 million in the first half of 2025.Gross profit increased by 23.0% to $13.3 million, representing 25.2% of revenues, compared to $10.8 million (25.1% of revenues) in the second quarter of 2025. For the first half of 2026, gross profit increased by 12.4% to $23.4 million compared to $20.8 million in the first half of 2025 (24.8% of revenues in the first half of 2026 compared to 24.4% of revenues in the first half of 2025).Operating Income increased by 26.8% to $5.6 million (10.6% of revenues) compared to $4.4 million (10.3% of revenues) for Q2 2025. For the first half of 2026, operating income was $8.6 million (9.1% of revenues) compared to $8.6 million (10.1% of revenues) in the first half of 2025Net Income of $8.1 million (Diluted EPS of $0.61) compared to $3.4 million for Q2 2025 (Diluted EPS of $0.3). The second quarter of 2026 included a $4.3 million (Diluted EPS of $0.26) net of tax, non-operating gain from the sale of a minority interest in an unconsolidated entity. Excluding the non-recurring benefit, net income would have been $4.66 million, an increase of 35.2% compared to the previous period (and Adjusted Diluted EPS of $0.35). For the first six months of the year, net profit was $11.5 (Diluted EPS of $0.87) million. Excluding the one-time net impact of the minority interest sale, net profit for the first six months was $8.06 million, an increase of 11.0% compared to $7.3 million in the previous period.Adjusted EBITDA was $7.4 million (14.0% of revenues), a 22.7% increase from $6.1 million (14.0% of revenues) for Q2 2025. Adjusted EBITDA for the first half of 2026 increased by 4.1% to $12.3 million (13.1% of revenues) compared to $11.8 million (13.8% of revenues) in the first half of 2025.Cash flow used in operations for the second quarter was $(0.6) million compared to $6.9 million provided by operations in Q2 2025. Cash flow from operations was $1.4 million in the first half of 2026 compared to $1.9 million in the first half of 2025.Backlog and Long-Term Agreements: approximately $615 million as of June 30, 2026, up from approximately $580 million on March 31, 2026, reflecting continued strong customer demand and providing multi-year revenue visibility.
“Continued strong demand and solid execution drove nearly 23% revenue growth and continued profitability improvements,” said Igal Zamir, TAT’s CEO and President. “This performance reflects our strategic position in the market, targeting high-demand services backed by established and solid relationships with OEMs. In part, improving supply chain conditions enabled us to convert previously constrained customer demand into revenue in the quarter, further enhancing results. Demand across our end markets remains robust and customer loyalty remained strong despite the supply chain shortages, driving backlog and long-term agreements to the highest in company history. Although supply chain conditions have not fully normalized, we remain focused on securing the components our customers need, reinforcing our position as a trusted aftermarket partner and supporting long-term profitable growth.”
“We have expanded our strategic relationship with Honeywell Aerospace” Zamir continued. “We became the sole authorized distributor(*) of spare parts for the 331-200 auxiliary power unit platform (APU), extended our MRO license through 2036, and acquired three Honeywell Aerospace 131-9A APUs to expand our leasing business. These agreements strengthen our position in the APU aftermarket and ensure that we will continue to be a valued partner for Honeywell for a long time to come.”
“We believe the combination of historically high customer demand, expanding platform coverage, and a record backlog, combined with improving supply chain conditions, positions TAT well for continued profitable growth,” Concluded Zamir.
(*) As previously disclosed in the Company’s Report on Form 6-K filed on July 14, 2026.
Investor Call Information
TAT Technologies will host an earnings webcast and conference call today, August 5, 2026, at 8:00 a.m. Eastern Time to discuss second quarter results. Investors may register using the link below or by visiting the Company’s website.
Webcast Registration: https://us06web.zoom.us/webinar/register/WN_MRtan_3wQoG9XfDYLkuNeA
Investor Relations Website: https://tat-technologies.com/investors/
Non-GAAP Financial Measures
To supplement its GAAP results, the Company presents Adjusted EBITDA to provide investors with additional insight into underlying operating performance. Adjusted EBITDA excludes the Company’s share in results of affiliated companies, share-based compensation, income taxes, net financial (expenses) income, and depreciation and amortization. Adjusted EBITDA should not be considered as an alternative to net income and operating income for the period and may not be indicative of the historic operating results of the Company; nor is it meant to be predictive of potential future results. Adjusted EBITDA is not a measure of financial performance under generally accepted accounting principles and may not be comparable to other similarly titled measures for other companies. See reconciliation of Adjusted EBITDA below.
About TAT Technologies
TAT Technologies Ltd. (NASDAQ: TATT) (TASE: TAT Tech) is a leading provider of services and products to the commercial and military aerospace and ground defense industries, providing OEM heat transfer solutions and aviation accessories, MRO services for aviation components, including heat transfer solutions, overhaul and coating of jet engine components, including turbine vanes and blades, fan blades, variable inlet guide vanes and afterburner flaps and MRO services on APU’s, landing gears and other aircraft components for airlines, air cargo carriers, maintenance service centers and the military. For more information, please visit www.tat-technologies.com.
Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of the United States federal securities laws. These forward-looking statements include, without limitation, statements regarding possible or assumed future operating results, demand conditions, supply chain conditions, customer relationships, backlog conversion, market position, and growth prospects. These statements are hereby identified as “forward-looking statements” for purposes of the safe harbor provided by the Private Securities Litigation Reform Act of 1995. These forward-looking statements involve risks and uncertainties that could cause our results to differ materially from management’s current expectations. Actual results and performance can also be influenced by other risks that we face in running our operations, including, but not limited to, general business conditions in the airline industry, changes in demand for our services and products, the timing and amount or cancellation of orders, LTAs and backlog, the price and continuity of supply of component parts used in our operations, the war and hostilities between Israel and Hamas, Hezbollah and Iran, regional shipping disruptions and other risks detailed from time to time in the Company’s filings with the Securities and Exchange Commission, including its Annual Report on Form 20-F and its periodic reports on Form 6-K. These documents contain and identify other important factors that could cause actual results to differ materially from those contained in our projections or forward-looking statements. Shareholders and other readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date on which they are made. The Company undertakes no obligation to update publicly or revise any forward-looking statement.
Contact:
Eran Yunger
Director of IR
Tel: +1-980-451-1115
erany@tat-technologies.com
UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
TAT TECHNOLOGIES LTD.
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS
U.S dollars in thousands
June 30,
December 31,
2026
2025
ASSETS
CURRENT ASSETS:
Cash and cash equivalents
$54,629
$51,259
Accounts receivable, net of allowance for credit losses of $228
and $172 as of June 30, 2026, and December 31, 2025,
respectively
38,813
33,420
Inventory
85,189
75,549
Prepaid expenses and other current assets
7,041
6,071
Total current assets
185,672
166,299
NON-CURRENT ASSETS:
Property, plant and equipment, net
47,001
46,922
Operating lease right of use assets
5,285
5,807
Intangible assets, net
1,884
1,452
Investment in affiliates
5,726
4,905
Funds in respect of employee rights upon retirement
446
398
Deferred tax assets
573
639
Restricted deposit
–
307
Total non-current assets
60,915
60,430
Total assets
$246,587
$226,729
TAT TECHNOLOGIES LTD.
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS
U.S dollars in thousands
June 30,
December 31,
2026
2025
LIABILITIES AND SHAREHOLDERS’ EQUITY
CURRENT LIABILITIES:
Current maturities of long-term debts
$164
$2,227
Accounts payable
18,531
12,986
Accrued expenses and other current liabilities
18,309
17,296
Current maturities of operating lease liabilities
1,459
1,474
Total current liabilities
38,463
33,983
NON-CURRENT LIABILITIES:
Long-term debts, net
11,018
9,485
Operating lease liabilities
4,032
4,448
Liability in respect of employee rights upon retirement
853
770
Deferred tax liabilities
3,286
1,652
Total non-current liabilities
19,189
16,355
COMMITMENTS AND CONTINGENCIES (NOTE 7)
–
–
Total liabilities
57,652
50,338
SHAREHOLDERS’ EQUITY:
Ordinary shares of NIS 0 par value
Authorized: 19,000,000 shares at June 30, 2026, and at December 31, 2025
Issued:13,272,610 shares at June 30, 2026, and 13,257,610 shares at December
31, 2025
Outstanding: 12,998,137 shares at June 30, 2026, and 12,983,137 shares
at December 31, 2025
–
–
Additional paid-in capital
137,567
136,578
Treasury stock at cost
(2,088)
(2,088)
Accumulated other comprehensive income
727
643
Retained earnings
52,729
41,258
Total shareholders’ equity
188,935
176,391
Total liabilities and shareholders’ equity
$246,587
$226,729
TAT TECHNOLOGIES LTD.
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF INCOME
U.S dollars in thousands
Three Months Ended
June 30,
Six Months Ended
June 30,
2026
2025
2026
2025
Revenues:
Products
$15,329
$12,463
$29,235
$25,187
Services
37,609
30,641
64,850
60,059
52,938
43,104
94,085
85,246
Costs:
Products
10,775
9,112
20,874
17,443
Services
28,843
23,167
49,860
47,024
39,618
32,279
70,734
64,467
Gross profit
13,320
10,825
23,351
20,779
Operating expenses:
Research and development, net
535
240
1,106
564
Selling and marketing
2,530
2,185
4,712
4,113
General and administrative
4,632
3,965
8,925
7,497
7,697
6,390
14,743
12,174
Operating income
5,623
4,435
8,608
8,605
Gain on sale of equity investment
4,324
–
4,324
–
Interest expenses
(182)
(324)
(330)
(659)
Other financial expenses, net
(368)
(776)
(181)
(499)
Income before taxes on income
9,397
3,335
12,421
7,447
Provision for income taxes
1,911
211
2,056
803
Income before share of equity investment
7,486
3,124
10,365
6,644
Share in profits of equity investment
of affiliated companies
585
318
1,106
611
Net income
$8,071
$3,442
$11,471
$7,255
TAT TECHNOLOGIES LTD.
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF INCOME
U.S dollars in thousands, except share and per share data
Three Months Ended
June 30,
Six Months Ended
June 30,
2026
2025
2026
2025
Earnings per share
Basic
$0.62
$ 0.30
$0.88
$ 0.65
Diluted
$0.61
$ 0.30
$0.87
$ 0.64
Weighted average number of shares
outstanding
Basic
12,987,471
11,447,986
12,985,316
11,196,992
Diluted
13,131,610
11,666,309
13,164,168
11,409,488
TAT TECHNOLOGIES LTD.
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
U.S dollars in thousands
Three Months Ended
June 30,
Six Months Ended
June 30,
2026
2025
2026
2025
Net income
$8,071
$3,442
$11,471
$7,255
Other comprehensive income (loss), net:
Change in foreign currency translation adjustments
(100)
148
91
676
Net unrealized losses from derivatives
(7)
–
(7)
–
Total comprehensive income
$7,964
$3,590
$11,555
$7,931
TAT TECHNOLOGIES LTD.
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS EQUITY
U.S dollars in thousands, except share data
Share capital
Accumulated
Number of
shares issued
Amount
Additional
paid-in
capital
other
comprehensive
income
Treasury shares
Retained earnings
Total equity
BALANCE AT MARCH 31, 2025
11,214,831
$-
$89,919
$452
$(2,088)
$28,249
$116,532
CHANGES DURING THE THREE MONTHS ENDED JUNE 30, 2025:
Comprehensive income
–
–
–
148
–
3,442
3,590
Exercise of stock option
79,633
–
–
–
–
–
–
Issuance of common shares on public offering, net of issuance costs of
$2,769
1,625,000
–
39,415
–
–
–
39,415
Exercise of the underwriters’ option on public offering, net of issuance
costs of $413
242,298
–
5,953
–
–
–
5,953
Share based compensation
–
–
291
–
–
–
291
BALANCE AT JUNE 30, 2025
13,161,762
$ –
$135,578
$600
$(2,088)
$31,691
$165,781
BALANCE AT MARCH 31, 2026
13,257,610
$-
$137,071
$834
$(2,088)
$44,658
$180,475
CHANGES DURING THE THREE MONTHS ENDED JUNE 30, 2026:
Comprehensive income
–
–
–
(107)
–
8,071
7,964
Exercise of stock option
15,000
–
136
–
–
–
136
Share based compensation
–
–
360
–
–
–
360
BALANCE AT JUNE 30, 2026
13,272,610
$-
$137,567
$727
$(2,088)
$52,729
$188,935
TAT TECHNOLOGIES LTD.
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS EQUITY
U.S dollars in thousands, except share data
Share capital
Accumulated
Number of
shares issued
Amount
Additional
paid-in
capital
other
comprehensive
income (loss)
Treasury shares
Retained earnings
Total equity
BALANCE AT DECEMBER 31, 2024
11,214,831
$-
$89,697
$(76)
$(2,088)
$24,436
$111,969
CHANGES DURING THE SIX MONTHS ENDED JUNE 30, 2025:
Comprehensive income
–
–
–
676
–
7,255
7,931
Exercise of option
79,633
–
–
–
–
–
–
Issuance of common shares on public offering, net of issuance costs of
$2,769
1,625,000
–
39,415
–
–
–
39,415
Exercise of the underwriters’ option on public offering, net of issuance
costs of $413
242,298
–
5,953
–
–
–
5,953
Share based compensation
–
–
513
–
–
–
513
BALANCE AT JUNE 30, 2025
13,161,762
$-
$135,578
$600
$(2,088)
$31,691
$165,781
BALANCE AT DECEMBER 31, 2025
13,257,610
$-
$136,578
$643
$(2,088)
$41,258
$176,391
CHANGES DURING THE SIX MONTHS ENDED JUNE 30, 2026:
Comprehensive income
–
–
–
84
–
11,471
11,555
Exercise of option
15,000
–
136
–
–
–
136
Share based compensation
–
–
853
–
–
–
853
BALANCE AT JUNE 30, 2026
13,272,610
$-
$137,567
$727
$(2,088)
$52,729
$188,935
TAT TECHNOLOGIES LTD.
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
U.S. dollars in thousands
Three Months Ended
June 30,
Six Months Ended
June 30,
2026
2025
2026
2025
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income
$8,071
$3,442
$11,471
$7,255
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization
1,391
1,208
2,704
2,513
Non-cash financial expenses
21
600
352
508
Gain on sale of equity investment (Note 4)
(4,324)
–
(4,324)
–
Change in allowance for credit losses
(14)
75
55
25
Share in profits of equity investment of affiliated companies
(585)
(318)
(1,106)
(611)
Share based compensation
360
291
853
513
Deferred income taxes, net
1,615
63
1,700
582
Changes in operating assets and liabilities:
Decrease (increase) in trade accounts receivable
(8,342)
882
(5,448)
(2,594)
Increase in inventory
(3,453)
(3,434)
(9,883)
(7,295)
Decrease (increase) in prepaid expenses and other current assets
1,445
1,697
(812)
1,183
Increase in trade accounts payable
2,403
2,972
4,874
3,406
Increase (decrease) in accrued expenses and other current liabilities
850
(529)
952
(3,571)
Net cash provided by (used in) operating activities
(562)
6,949
1,388
1,914
CASH FLOWS FROM INVESTING ACTIVITIES:
Proceeds from sale of equity investment
4,493
–
4,493
–
Purchase of property and equipment
(1,139)
(3,305)
(2,559)
(6,167)
Net cash provided by (used in) investing activities
3,354
(3,305)
1,934
(6,167)
CASH FLOWS FROM FINANCING ACTIVITIES:
Repayment of short-term debts
–
(10,719)
–
(4,350)
Repayments of long-term debts
(10,721)
(516)
(11,272)
(1,087)
Proceeds from issuance of ordinary shares and exercise of the underwriters’ option
–
48,550
–
48,550
Issuance costs of ordinary shares and exercise of the underwriters’ option
–
(2,820)
–
(2,820)
Proceeds from long term debt, net
10,877
–
10,877
–
Proceeds from exercise of options
136
–
136
–
Net cash provided by (used in) financing activities
292
34,495
(259)
40,293
Net increase in cash and cash equivalents and restricted cash
3,084
38,139
3,063
36,040
Cash and cash equivalents and restricted cash at beginning of period
51,545
5,335
51,566
7,434
Cash and cash equivalents and restricted cash at the end of period
$54,629
$43,474
$54,629
$43,474
Supplementary information on investing and financing activities not involving cash flows:
Additions of operating lease right-of-use assets and operating lease liabilities
$217
$1,688
$299
$1,835
Reclassification between inventory and property, plant and equipment
–
–
–
579
Unpaid issuance costs on long term debt and issuance of shares
152
362
152
362
Unpaid addition to property and equipment and intangible assets
1,140
951
1,140
951
Supplemental disclosure of cash flow information:
Interest paid
154
249
303
516
Taxes paid
79
176
192
195
RECONCILIATION OF NET INCOME TO ADJUSTED EBITDA (NON-GAAP) (UNAUDITED)
TAT TECHNOLOGIES LTD.
RECONCILIATION OF NET INCOME TO ADJUSTED EBITDA (NON-GAAP) (UNAUDITED)
U.S dollars in thousands
Three months ended
Six months ended
June 30,
June 30,
2026
2025
2026
2025
Net income
$8,071
$3,442
$11,471
$7,255
Adjustments:
Share in profits of equity investment of affiliated companies
(585)
(318)
(1,106)
(611)
Provision for income taxes
1,911
211
2,056
803
Interest expenses
182
324
330
659
Gain on sale of equity investment
(4,324)
–
(4,324)
–
Other financial expenses, net
368
776
181
499
Depreciation, amortization and others
1,445
1,328
2,820
2,691
Share based compensation
360
291
853
513
Adjusted EBITDA
$7,428
$6,054
$12,281
$11,809
TAT TECHNOLOGIES LTD.
ADJUSTED NET INCOME ATTRIBUTABLE TO TAT TECHNOLOGIES LTD. (UNAUDITED)
U.S. dollars in thousands
Three months ended
Six months ended
June 30,
June 30,
2026
2025
2026
2025
Net income
$8,071
$3,442
$11,471
$7,255
Adjustments:
Gain on sale of equity investment
(4,324)
–
(4,324)
–
Income tax impact
908
–
908
–
Adjusted net income
$4,655
$3,442
$8,055
$7,255
Earnings per share
Basic
$0.62
$ 0.30
$0.88
$ 0.65
Diluted
$0.61
$ 0.30
$0.87
$ 0.64
Adjusted earnings per share
Basic
$0.36
$ 0.30
$0.62
$ 0.65
Diluted
$0.35
$ 0.30
$0.61
$ 0.64
View original content:https://www.prnewswire.com/news-releases/tat-technologies-reports-record-second-quarter-2026-results-302843077.html
SOURCE TAT Technologies Ltd
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A Seamless, Secure Purchasing Journey
This approach is intended to make physical gold easier to access and manage for customers who value clarity, convenience and the option of delivery. Rather than requiring customers to begin with a larger bar, complete an entirely offline purchase or arrange storage independently, FinMet.sg brings the principal stages of gold ownership into one online platform designed for use in Singapore. Gold purchased through the platform is professionally vaulted in Singapore, and customers can request physical delivery within Singapore once their holdings reach 10 grams.
The customer journey incorporates services that people in Singapore already use and recognise, including Singpass for identity verification and PayNow for payment. This straightforward online process includes:
Accessible Entry: Customers purchase gold in whole-gram quantities, beginning at one gram.Transparent Pricing: Before confirming a transaction, customers review the live price per gram in Singapore dollars and the total amount payable. Clear Ownership: Once a purchase is completed, legal title to the corresponding physical gold passes to the customer, reflected immediately in their platform balance.Flexible Management: Customers can hold, purchase more, sell through the platform, or request physical delivery within Singapore once their holding reaches 10 grams.
How Does FinMet.sg Make Physical Gold More Affordable?
FinMet.sg’s direct-to-consumer model reduces the overheads associated with operating a conventional network of brick-and-mortar stores. These efficiencies are passed on to customers, helping make physical gold more affordable and accessible while retaining professional vaulting and the option of physical delivery or collection.
“We took a customer-first approach to make the buyer’s entry into gold ownership the easiest part of the experience,” says Anirudh Menon, Co-Founder and CEO of FinMet Technologies.
“Price matters, but affordability should not come at the expense of clear ownership,” adds Sunil Kashyap, Managing Director of FinMet Pte. Ltd. “Gold that is identifiable rather than held within an undifferentiated pool gives customers greater clarity over what they own and makes taking physical delivery more straightforward.”
Professional Vaulting and Uncompromised Purity
The physical gold is held in the form of 99.99% pure, Swiss-made CombiBars. These physical bullion bars are individually minted into individual one-gram segments that can be separated without reducing their stated metal weight or purity. This structure supports FinMet.sg’s whole-gram ownership model while retaining a clear connection between the quantity shown on the platform and the underlying physical asset.
The gold is professionally vaulted in Singapore by Helveticor, an international Swiss-based provider of security logistics, storage and transportation services. Helveticor provides the professional vaulting arrangement, while FinMet.sg provides the website through which customers purchase, view and manage their gold.
Designed for Ease of Use
Ease of use was treated as a product requirement rather than a secondary design consideration. The customer journey was developed to present the essential information clearly, from the quantity and price of a purchase to the customer’s current holdings and delivery eligibility.
The team behind FinMet.sg developed the platform with a clear understanding that trust must extend beyond the gold itself to every part of the customer experience. The aim was to create a service that feels straightforward and familiar to people in Singapore, including those purchasing physical gold for the first time.
“This is a platform that I wanted to make sure my mother could use without anyone else’s help,” says Anirudh Menon, Co-Founder and CEO of FinMet Technologies. “That was my benchmark for success in the user experience.”
For customers unfamiliar with physical gold, practical considerations—such as deciding how much to buy, understanding purity, arranging storage, and determining resale options—can make an initial purchase difficult to navigate. FinMet.sg addresses these barriers through a one-gram starting quantity, professional vaulting, and an online management platform.
FinMet Group’s leadership brings decades of experience in the global precious metals market.
“Gold has always been trusted. What has been missing is an experience that matches that trust with the standards people now expect from any financial platform. That is what FinMet.sg is built on,” noted Sunil Kashyap, Managing Director, FinMet Pte. Ltd.
Commitment to Industry Standards
FinMet follows the Seven Retail Gold Investment Principles developed by the World Gold Council, covering areas such as fairness, transparency, protection of customer assets and regulatory compliance. The company clarifies that adherence to the framework does not amount to certification or endorsement by the World Gold Council.
FinMet Pte. Ltd. is also an Associate Corporate Member of the Singapore Bullion Market Association (SBMA), reinforcing the company’s connection to Singapore’s professional bullion-market community.
FinMet Pte. Ltd. is registered under Singapore’s Precious Stones and Precious Metals Act as a regulated dealer. Regulation by Singapore’s Ministry of Law is for anti-money laundering and countering terrorism financing purposes only, and does not constitute product endorsement.
As a precious-metals dealer—not a bank or MAS-licensed financial institution—FinMet does not accept deposits or provide financial advice. Gold prices can fluctuate, and customers should review all applicable terms before completing a transaction.
Further information is available at https://finmet.sg/.
About FinMet Group
FinMet is a precious metals advisory and technology group operating in Singapore, UAE and other international markets. Its activities span precious metals consulting, product development, sector-specific technology solutions and partnerships with industry associations across the global precious metals ecosystem. FinMet Technologies Pvt. Ltd., the Group’s technology arm, was named Best Financial Technology Company in Gold of the Year 2025–26 at the India Gold Conference (IGC) 2026 in Goa.
About FinMet Pte. Ltd.
FinMet Pte. Ltd. is a Singapore-registered precious-metals dealer and the operator of FinMet.sg, a platform through which customers in Singapore can purchase and manage physical gold. The platform offers whole-gram purchases from one gram, online holdings management, buying and selling subject to applicable terms, professional vaulting in Singapore and physical delivery from 10 grams.
UEN: 202022529N Registered address: 160 Robinson Road, #14-04, Singapore Business Federation Center, Singapore 068914 Website:https://finmet.sg/
100-Word Media Summary
FinMet Pte. Ltd. has launched FinMet.sg, a fully transactional platform created for customers in Singapore seeking a simpler way to purchase and manage physical gold. Operated by a Singapore-registered company, it combines FinMet Group’s international precious-metals experience with familiar local services, including Singpass and PayNow. Customers can purchase 99.99% pure, Swiss-made gold from one gram, monitor their holdings, and buy or sell through the platform. The gold is held as physical CombiBars and professionally vaulted in Singapore by Helveticor. Physical delivery within Singapore is available from 10 grams. Ease of use was central to the platform’s development.
Five Key Facts for Journalists
FinMet.sg launched on 2 September 2026 as a Singapore-based platform created specifically for customers in Singapore and operated by Singapore-registered FinMet Pte. Ltd.The website is fully transactional, with purchases beginning from one gram.Customers purchase 24 karat, 99.99% pure, Swiss-made physical gold.Holdings are reflected in physical CombiBars professionally vaulted in Singapore by Helveticor.Customers can monitor, buy or sell through the platform and request physical delivery from 10 grams, subject to applicable terms.
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SOURCE FinMet Pte. Ltd.
Technology
Apurva.ai Evolves Apurva LENS from an Organisational Product to a Platform for the Development Ecosystem
Published
48 minutes agoon
September 21, 2026By
Rohini and Nandan Nilekani-supported Apurva.ai evolves Apurva LENS from a knowledge workspace into a platform for cross-organisational learning and collaboration Apurva LENS is open for practitioners and organisations to explore and experience its capabilities firsthand
BENGALURU, India, Sept. 21, 2026 /PRNewswire/ — Apurva.ai, an AI-enabled public-good digital infrastructure working with over 50 global organisations, today announced a new platform model for Apurva LENS, extending it from a product that helps individual organisations work with their knowledge to a platform that enables knowledge to travel across the wider development ecosystem. Apurva LENS is already being used and tested by organisations addressing complex social challenges across the Global South and beyond.
Apurva.ai is a unit of C4EC Foundation, co-founded by Nilekani Philanthropies to support change leaders working to respond to complex social challenges with speed, at scale, and sustainably.
As social and development challenges grow in scale and complexity, no single organisation has all the knowledge or answers needed to respond effectively. There is a growing need for ways to bring together what different actors and communities know, make sense of it collectively, and respond at scale.
Apurva LENS, part of a suite of AI-enabled products, was designed to help actors across the development ecosystem, including funders, governments, NGOs and change leaders, make sense of knowledge that often remains siloed across research, evaluations, programme experience and conversations. At its core are the voices and lived experiences of communities, so that those closest to a problem can help shape what happens next. Today, Apurva LENS has helped surface more than half a million voices and perspectives from across the development ecosystem in the Global South.
The new platform model transforms Apurva LENS from an organisation-level product into a platform for cross-organisational learning and collaboration. Multiple actors across an ecosystem can now learn from knowledge made available by each other, while retaining control over what they keep private and what they choose to share. This allows learning generated in one part of an ecosystem to become useful elsewhere, without losing its context or ownership.
The shift reflects a larger premise behind Apurva LENS: as AI makes more knowledge available, the challenge is no longer simply accessing information but making sense of it. By bringing together research, evidence, and organisational learning with the voices and lived experiences of communities from the outset, Apurva LENS enables a more bottom-up approach where those closest to a problem help shape how it is understood and how solutions are designed. This approach is already being explored across different development contexts.
SELCO Foundation initially used Apurva LENS to bring together organisational knowledge spanning archival information, everyday conversations and sector-focused assets, enabling teams to query it, surface patterns and synthesise insights. The collaboration has since extended beyond SELCO Foundation through the Platform for Collective Wisdom (PCW), an initiative enabled by Apurva.ai. PCW brings together community voices, practitioner perspectives and institutional knowledge across the development sector, allowing knowledge that would otherwise remain siloed to be connected and built upon across the wider ecosystem.Resilience Action Network Africa (RANA) used Apurva LENS to organise, analyse and synthesise community dialogues and research across Kenya, Uganda, Sierra Leone and South Africa, spanning climate resilience, health, livelihoods, food systems, gender, governance and financing. The work helped surface themes across countries while reinforcing an important principle: AI-assisted analysis was most useful when combined with human contextual judgment grounded in local realities, political economy and systems dynamics.In Brazil, Museu da Pessoa, one of the world’s earliest virtual museums, has built an archive of 20,000 life stories and approximately 11,000 hours of recorded material, capturing experiences across generations, regions and communities. Using Apurva LENS, the team prototyped a subset of voices to explore experiences around longevity, surfacing patterns and differences across individual life stories. The work points to a larger opportunity: turning a vast archive into living, accessible knowledge, that enables insights rooted in local experience to travel across languages and geographies and inform understanding far beyond where those stories originated.Rare’s Fish Forever works with fishers, local leaders, governments, funders and NGOs across Central and South America, Africa and Asia-Pacific to restore coastal fisheries and enable communities to manage them sustainably. As the programme expanded, knowledge accumulated across reports, presentations, field notes, chats and informal conversations. Fish Forever brought in Apurva LENS to help organise this collective knowledge, enabling teams to connect what they know with what they are learning and how conditions are changing. Its longer-term ambition is a living knowledge ecosystem where new insights from communities can continually inform learning across the programme.
Aggrey Aluso, Executive Director, Resilience Action Network Africa (RANA), said, “Working across countries, communities and interconnected development challenges, we see firsthand how knowledge can remain fragmented across programmes, partners and contexts. Our work with Apurva LENS has shown the value of bringing community voices together with research and systems knowledge to see connections that would otherwise be difficult to surface. The opportunity of a platform approach is to take this further, enabling learning to travel across actors and ecosystems while retaining the local context that gives it meaning. AI can help make those connections, but human judgment remains essential to understanding and acting on them.”
Dr. Harish Hande, CEO, SELCO Foundation, said, “Some of the most valuable learning comes from communities and practitioners solving real problems every day, yet those experiences rarely travel far enough. When they can be connected across organisations and geographies, we can build on what has already been learned rather than repeatedly starting from scratch. Our work with Apurva.ai is about creating that possibility at scale, while ensuring that community knowledge and lived experience remain at the heart of how solutions are shaped.”
Nandan Nilekani, Co-Founder and Chairman, Infosys and Chairman of EkStep Foundation, said, “AI’s real opportunity is to make intelligence useful at scale, across varied societal contexts. India has shown how open infrastructure can enable ecosystems whose impact can extend far beyond its borders. Apurva.ai is bringing that thinking to knowledge – connecting research, organisational learning and community experience so that insights can travel across organisations and geographies. I hope more organisations will join us to explore what we can build together.”
Anand Rajan, Co-Founder and Mission Leader, Apurva.ai, said, “The development sector does not lack knowledge. It already exists across organisations, research, programmes and, importantly, within communities themselves. The challenge is turning all of this into understanding that people can act on. With Apurva LENS becoming a platform, we are moving from helping individual organisations make their knowledge work for them to asking what becomes possible when that knowledge can travel across an ecosystem. AI can help us make sense of this complexity at a scale that was not possible before. But judgment, context and action remain fundamentally human.”
Apurva LENS is open for practitioners and organisations to explore and experience its capabilities firsthand. The experience brings to life a question at the heart of Apurva.ai’s approach: What if communities were not simply the recipients of solutions, but helped shape them from the start?
About Apurva.ai
Apurva.ai is a public-good, sense-making infrastructure for systems change. Through its AI-powered suite of products, it enables change leaders and organisations to unlock the collective wisdom within their networks by connecting community voices and lived experiences with knowledge from across the wider ecosystem. With communities at the centre, Apurva.ai helps surface connections, build shared understanding and enable more contextually relevant action on complex social challenges. Its suite of products supports a continuous cycle of listening, learning and acting, helping ecosystems move from fragmented knowledge towards collective understanding and systemic change. Apurva.ai is a unit of C4EC Foundation.
For more on Apurva.ai visit: https://apurva.ai/about-us/
View original content to download multimedia:https://www.prnewswire.com/in/news-releases/apurvaai-evolves-apurva-lens-from-an-organisational-product-to-a-platform-for-the-development-ecosystem-302884360.html
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