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TAT Technologies Reports Record Second Quarter 2026 Results

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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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Huawei Upgrades Stellar AI WAN Solution to Drive All Intelligence Across Industries

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SHANGHAI, Sept. 21, 2026 /PRNewswire/ — At HUAWEI CONNECT 2026, Huawei unveiled its upgraded Stellar AI WAN Solution. Centered on ultimate computing efficiency and multi-dimensional security, this solution addresses cross-region computing challenges in efficiency, cost, and security, driving all intelligence across industries in the AI era.

Stellar AI WAN for Intelligent Connectivity

Amid the rapid expansion of AI computing power, deploying new compute infrastructure in the West has made remote invocation the new norm. However, traditional networks face three critical issues relating to cross-region computing.

Severe efficiency loss: Invoking computing power across 1,000 km can incur a 37% efficiency loss from a mere 0.073% packet loss.High on-premise costs: Local compute deployment costs from 1 million RMB per branch.Expensive private lines: Enterprises spend around 1.2 million RMB annually on 10G private lines.

To address this, Leon Wang, President of Huawei’s Data Communication Product Line, introduced the Stellar AI WAN Solution, enabling lossless delivery of computing power over 1,000 km for a local-like remote computing experience. The XH computing-network appliance uses a unique layerwise model partitioning algorithm to run the initial and final layers of inference locally while offloading intermediate layers to remote infrastructure. With the network transmitting only high-dimensional vectors, raw data remains on-premises. The appliance requires just two xPUs to match a traditional 8-xPU setup, slashing xPU costs by 75%. The updated Starnet lossless algorithm cuts bandwidth idle time by over 80% and reduces required bandwidth fivefold, further lowering cross-region computing costs.

Stellar AI WAN for Security

As global security threats intensify, novel vectors like APTs and HNDL attacks continue to emerge. To address these, Huawei provides a three-layer defense for WANs.

Device layer: Intrinsic security boards detect and block intrusions in real time, tracing threats within minutes at over 95% accuracy.Link layer: Built-in QKD delivers robust quantum security without extra devices or fibers, slashing costs by over 60%. An adaptive noise suppression algorithm extends QKD transmission past 80 km.Network layer: APN6-based data fencing enables network-wide control over traffic paths, ensuring data travels exclusively within secure networks with intrinsic security and quantum encryption deployed.

Looking ahead, Huawei will continually upgrade the Stellar AI WAN Solution, deepening its computing-network synergy and multi-dimensional security. Together with partners, Huawei aims to reinforce the intelligent network foundation and accelerate all intelligence across enterprises.

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/huawei-upgrades-stellar-ai-wan-solution-to-drive-all-intelligence-across-industries-302884354.html

SOURCE Huawei

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FinMet.sg Launches a More Affordable Way to Own Physical Gold in Singapore

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Customers can purchase 24 karat 99.99% pure Swiss-made, LBMA accredited gold from one gram, manage their holdings online and request physical delivery or pick-up in Singapore.

SINGAPORE, Sept. 21, 2026 /PRNewswire/ — FinMet Pte. Ltd. has announced the launch of FinMet.sg, a fully transactional platform created specifically for customers in Singapore who want a simpler way to purchase, own and manage physical gold. FinMet’s global presence began in Singapore, and FinMet.sg builds on that foundation with a service designed around how customers in Singapore identify themselves, make payments, store their gold and take delivery. Customers can begin with one gram, monitor their holdings through a clear account experience, buy or sell at any time, and request physical pickup/delivery once their holdings reach 10 grams.

The purpose of FinMet.sg is simple: to remove unnecessary friction from purchasing physical gold without changing what the customer ultimately owns. The platform makes it possible to begin with a smaller quantity, complete purchases online and view holdings through a clear account experience. At every stage, the underlying product remains 24 karat, 99.99% pure, Swiss-made physical gold.

To start purchasing and managing physical gold from just one gram, visit FinMet.sg today.

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.

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Apurva.ai Evolves Apurva LENS from an Organisational Product to a Platform for the Development Ecosystem

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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/

 

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