Technology

MiniMax Announces First Half 2026 Financial Results

Published

1 day ago

August 26, 2026

HONG KONG, Aug. 26, 2026 /PRNewswire/ — MiniMax Group Inc. (“MiniMax” or the “Company”; HKEX: 00100), a leading global artificial intelligence company, today announced its unaudited financial results for the six months ended June 30, 2026.

1H2026 Key Highlights

Total revenue increased by 283.1% year over year from US$30.4 million to US$116.6 million, exceeding our total revenue of US$79.0 million for the full year of 2025.Revenue from Open Platform and other AI-based enterprise services increased by 703.1% year over year from US$9.2 million to US$73.9 million and represented 63.4% of our total revenue, compared with 30.3% in the corresponding period of 2025.Revenue from AI-native products increased by 100.9% year over year from US$21.2 million to US$42.6 million.Gross profit improved by 464.8% year over year from US$3.7 million to US$20.8 million. Gross profit margin increased from 12.1% for the six months ended June 30, 2025 to 17.9% for the six months ended June 30, 2026.Adjusted net loss(1) was US$293.0 million for the six months ended June 30, 2026, compared with US$138.7 million for the six months ended June 30, 2025.As of June 30, 2026, our cash balance(2) was US$1,322.8 million, compared to cash balance of US$1,050.3 million as of December 31, 2025.

Dr. Yan Junjie, Co-founder and CEO of MiniMax, commented, “Intelligence can scale almost without limit; energy and compute cannot. By July 2026, Token consumption on MiniMax had grown to 20 times its January level. That reinforces a belief we’ve held since day one: the long-term competition in AI is not just about building more powerful models, but about delivering higher levels of intelligence to more people at lower cost. ‘Minimize the Cost, Maximize the Intelligence’ is how we make ‘Intelligence with Everyone’ possible.”

1H2026 Financial Review

Revenue increased by 283.1% from US$30.4 million for the six months ended June 30, 2025 to US$116.6 million for the six months ended June 30, 2026. This was primarily driven by the continued expansion of our global customer and user base, rapidly increasing demand for model inference, and our ability to convert advances in model capabilities into products and services used by global enterprises, developers and individual users.

Revenue from AI-native products increased by 100.9% from US$21.2 million for the six months ended June 30, 2025 to US$42.6 million for the six months ended June 30, 2026, primarily driven by higher user engagement and increased user willingness to pay for our products, as well as the continued adoption and monetization of products such as Hailuo AI and our other AI-native products.

Revenue generated from Open Platform and other AI-based enterprise services increased by 703.1% from US$9.2 million for the six months ended June 30, 2025 to US$73.9 million for the six months ended June 30, 2026, primarily fueled by the growth in paying individual users and enterprise users, the increase in API call volumes, and the rapid adoption of our Token Plan.

Gross profit improved by 464.8% from US$3.7 million for the six months ended June 30, 2025 to US$20.8 million for the six months ended June 30, 2026. Gross profit margin increased from 12.1% for the six months ended June 30, 2025 to 17.9% for the six months ended June 30, 2026, which was primarily driven by improving infrastructure efficiency.

Selling and distribution expenses decreased by 17.9% from US$32.8 million for the six months ended June 30, 2025 to US$27.0 million for the six months ended June 30, 2026, mainly due to a decrease in promotional expenses as a result of our continued pursuit of an organic user growth strategy.

Administrative expenses increased by 103.7% from US$14.8 million for the six months ended June 30, 2025 to US$30.2 million for the six months ended June 30, 2026, mainly driven by (i) an increase in headcount of management departments in line with the rapid development of our business and higher share-based payment expenses; and (ii) an increase in service fees to external professional service providers. As a result of our continued revenue growth and increased focus on enhancing administrative efficiency, administrative expenses as a percentage of total revenue decreased from 48.8% for the six months ended June 30, 2025 to 25.9% for the six months ended June 30, 2026.

Research and development expenses increased by 138.8% from US$124.3 million for the six months ended June 30, 2025 to US$296.9 million for the six months ended June 30, 2026, mainly attributable to an increase in cloud services expenses related to training activities, driven by the increased model iteration and upgrades as we continued to develop and refine our foundation models and multi-modal capabilities. The year-on-year growth rate of our research and development expenses was significantly lower than our revenue growth rate of 283.1% during the period, demonstrating our improved research and development efficiency.

Adjusted net loss(1) was US$293.0 million for the six months ended June 30, 2026 and US$138.7 million for the six months ended June 30, 2025, by adding back share-based payments, fair value loss on financial liabilities and listing expenses for the respective periods.

Cash balance(2) was US$1,322.8 million as of June 30, 2026, compared to US$1,050.3 million as of December 31, 2025.

Notes:

(1) We define “adjusted net loss” as net loss adjusted by adding back share-based payment expenses, fair value loss on financial liabilities and listing expenses.

(2) Cash balance included but not limited to cash and cash equivalents, financial assets at amortised cost, financial assets at fair value through profit or loss, restricted cash and time deposit.

1H2026 Business Review

We continued to advance our mission of “Intelligence with Everyone” by delivering frontier model performance and making advanced intelligence affordable at scale. We view inference efficiency not only as essential to making advanced intelligence affordable at scale, but also as a critical enabler of further scaling model capabilities through more extensive post-training, experimentation and deployment. We continued to improve the capabilities and full-stack efficiency of our foundation models, translate technological progress into AI-native products and harnesses such as MiniMax Code, and enhance our Open Platform for enterprise customers and developers. Our model capabilities continued to advance across language and multi-modality, while our products and services reached an increasingly broad global user base.

During the Reporting Period, we upgraded our core model offerings through the release of MiniMax M3, further strengthening our capabilities in coding, agentic workflows and professional work. Shortly after the Reporting Period, we also released MiniMax H3 with open weights, advancing video generation for commercial creation and widening the paths for enterprise deployment and developer innovation. As demand for inference and agentic workloads continued to grow, our Open Platform served an expanded base of enterprise customers and developers and became an increasingly important driver of our business. We continued to deepen our global footprint, serving enterprise customers, developers and individual users across more than 230 countries and regions with increasingly capable and cost-efficient intelligence offerings.

For the six months ended June 30, 2026, our total revenue increased by 283.1% year-on-year from US$30.4 million to US$116.6 million, exceeding our total revenue of US$79.0 million for the full year of 2025. This growth reflected the continued expansion of our global customer and user base, rapidly increasing demand for model inference, and our ability to convert edges in model capabilities into products and services used by global enterprises, developers and individual users.

Revenue from our Open Platform and other AI-based enterprise services increased by 703.1% year-on-year from US$9.2 million to US$73.9 million and represented 63.4% of our total revenue, compared with 30.3% in the corresponding period of 2025. The increase was driven by growth in paying users and enterprise customers, the increase in API call volumes, and the rapid adoption of our Token Plan. This performance demonstrated the growing demand for our models in production environments and the increasing contribution of enterprise and developer workloads to our business.

Revenue from our AI-native products increased by 100.9% year-on-year from US$21.2 million to US$42.6 million, driven by higher user engagement, stronger willingness to pay and the continued commercialization of Hailuo AI and our other AI-native products. We continued to upgrade our AI-native product portfolio and harness products, enabling users to apply frontier model capabilities more directly to productivity.

We maintained our commitment to long-term technological innovation while improving the efficiency with which research and development translated into business growth. Our research and development expenses increased by 138.8% year-on-year during the Reporting Period, significantly lower than our revenue growth of 283.1%. Gross profit increased by 464.8% year-on-year from US$3.7 million to US$20.8 million. We believe our continued investment in model capability, infrastructure efficiency and productization provides the foundation for sustainable growth over the long term.

Conference call

The Company’s management will host a conference call on Wednesday, August 26, 2026, at 8:00 PM Beijing Time (8:00 AM U.S. Eastern Time) to discuss the results.

Participants are required to pre-register for the conference call. Please register for the Chinese line to participate in the Q&A session; the English simultaneous interpretation line will be in listen-only mode.

Chinese Line (Mandarin):
https://s.comein.cn/m2dt2u6b

English Simultaneous Interpretation Line (listen-only mode):
https://s.comein.cn/g3uj92rq

Alternatively, participants may dial into the Chinese conference call via the following dial-in details:

Dial-in Numbers for Mainland China:

Mainland China:

+86 4001510269

Global:

+86 01021377168

Dial-in Numbers for Outside Mainland China:

Hong Kong, China:

+852 51089680

Taiwan, China:

+886 277083288

United States:

+1 2087016888

Global:

+86 1021377168

Meeting password:

691793

About MiniMax

MiniMax is a leading global artificial intelligence company with a mission of “Intelligence with Everyone.” The company is committed to advancing the frontiers of AI and building toward artificial general intelligence (AGI). MiniMax develops its own general-purpose foundation models across text and multimodal intelligence, and brings these capabilities to users worldwide through AI-native products and an Open Platform for enterprises and developers. Today, MiniMax’s models and AI products serve more than 300 million users across over 200 countries and regions, as well as more than one million enterprises and developers across over 100 countries. For more information, please visit https://ir.minimaxi.com/en.

Forward-Looking Statements

Certain statements included in this press release, other than statements of historical fact, are forward-looking statements relating to our business outlook, estimates of financial performance, forecast business plans, growth strategies and projections of anticipated trends in our industry. Forward-looking statements generally can be identified by the use of forward-looking terminology such as “may”, “might”, “can”, “could”, “will”, “would”, “anticipate”, “believe”, “continue”, “estimate”, “expect”, “forecast”, “intend”, “plan”, “seek”, or “timetable”. These forward-looking statements are based on information currently available to the Company and are stated herein on the basis of the outlook at the time of this press release. They are based on certain expectations, assumptions and premises, many of which are subjective or beyond our control. These forward-looking statements may prove to be incorrect and may not be realized in the future. Underlying these forward-looking statements are a large number of risks and uncertainties. In light of the risks and uncertainties, the inclusion of forward-looking statements in this press release should not be regarded as representations by the Board or the Company that the plans and objectives will be achieved, and investors should not place undue reliance on such statements. Except as required by law, the Company, the Board, the employees or the Agencies are not obligated, and undertake no obligation, to release publicly any revisions to these forward-looking statements that might reflect events or circumstances occurring after the date of this press release or those that might reflect the occurrence of unanticipated events. Furthermore, they assume no obligations to whatsoever for any loss arising from the failure of any forward-looking statements to materialize or from their becoming inaccurate.

For investor and media inquiries, please contact

MiniMax
Investor Relations
Email: ir@minimax.io

Media Relations
Email: pr@minimax.io

Piacente Financial Communications
E-mail: Minimax@thepiacentegroup.com

INTERIM CONDENSED CONSOLIDATED INCOME STATEMENT

For the six months ended June 30, 2026

Six months ended June 30,

2026

2025

USD’000

(Unaudited)

REVENUE

116,573

30,429

Cost of sales

(95,760)

(26,744)

Gross profit

20,813

3,685

Other income and gains, net

8,039

20,339

Selling and distribution expenses

(26,973)

(32,843)

Administrative expenses

(30,230)

(14,843)

Research and development expenses

(296,870)

(124,333)

Fair value loss on financial liabilities

(31,025)

(253,876)

Finance costs

(647)

(325)

Impairment (losses)/reversal on financial assets, net

(1,104)

LOSS BEFORE TAX

(357,997)

(402,188)

Income tax expense

–

LOSS FOR THE PERIOD

(357,997)

(402,188)

Attributable to:

Owners of the parent

(357,997)

(402,188)

Non-controlling interests

–

(357,997)

(402,188)

LOSS PER SHARE ATTRIBUTABLE TO ORDINARY
EQUITY HOLDERS OF THE PARENT

Basic and diluted

– For loss for the period (USD)

(1.18)

(3.70)

INTERIM CONDENSED CONSOLIDATED BALANCE SHEET

As at

June 30,

December 31,

2026

2025

USD’000

(Unaudited)

(Audited)

NON-CURRENT ASSETS

Property, plant and equipment

74,913

1,571

Right-of-use assets

3,869

2,357

Prepayments, other receivables and other assets

100,817

887

Financial assets at amortised cost

29,629

–

Financial assets at fair value through profit or loss

69,129

69,965

Financial assets at fair value through other comprehensive
income

7,653

6,224

Restricted cash

Total non-current assets

286,051

81,045

CURRENT ASSETS

Trade receivables

39,144

10,730

Prepayments, other receivables and other assets

165,431

16,319

Financial assets at fair value through profit or loss

278,347

438,525

Restricted cash

752

20,377

Time deposits

14,038

13,787

Cash and cash equivalents

930,905

507,621

Total current assets

1,428,617

1,007,359

CURRENT LIABILITIES

Interest-bearing bank borrowings

133,555

35,452

Trade and bills payables

170,121

57,677

Other payables, accruals and other liabilities

38,934

34,068

Contract liabilities

18,287

7,541

Lease liabilities

2,035

1,318

Convertible redeemable preferred shares

–

3,597,566

Total current liabilities

362,932

3,733,622

NET CURRENT ASSETS/(LIABILITIES)

1,065,685

(2,726,263)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,351,736

(2,645,218)

NON-CURRENT LIABILITIES

Deferred tax liabilities

812

–

Lease liabilities

1,833

638

Other non-current liabilities

2,408

2,334

Total non-current liabilities

5,053

2,972

Net assets/(liabilities)

1,346,683

(2,648,190)

EQUITY

Share capital

–

Reserves/(Deficits)

1,346,663

(2,648,190)

Total equity

1,346,683

(2,648,190)

Reconciliation of Non-IFRS Measures

For the six months ended June 30, 2026

Six months ended June 30,

2026

2025

USD’000

(Unaudited)

Loss for the period

(357,997)

(402,188)

Adjusted for:

Share-based payment expenses

28,208

6,634

Fair value loss on financial liabilities

31,025

253,876

Listing expenses

5,733

2,943

Adjusted net loss (non-IFRS measure(3))

(293,031)

(138,735)

Note:

(3) Please refer to section headed ” Non-IFRS Measure” in the Interim Results Announcement for more
details.

View original content:https://www.prnewswire.com/apac/news-releases/minimax-announces-first-half-2026-financial-results-302860492.html

SOURCE MiniMax Global

Technology

Love Letters to Lettuce? You Read that Right – Little Leaf Farms Fans are Feeling the Love

Published

20 minutes ago

August 27, 2026

Little Leaf Farms Is Spreading the Love, Giving 200 Fans Free Lettuce for a Year

DEVENS, Mass., Aug. 27, 2026 /PRNewswire/ — At a moment of heightened concern around lettuce, Little Leaf Farms, one of the country’s largest1 and fastest-growing packaged salad brands, is receiving something unexpected from consumers: love letters. With the launch of its “Most Loved Lettuce” sweepstakes, the brand is showing its appreciation, giving up to 200 fans a chance to win free lettuce for a year by sharing what they love most about Little Leaf Farms.

The campaign follows a surge in consumer engagement with Little Leaf Farms, as shoppers pay closer attention to where their leafy greens come from and how they are grown. In recent weeks, the brand’s social following has nearly doubled, generating tens of millions of social media impressions and views as consumers share why they trust Little Leaf Farms and its greenhouse-grown approach.

That same consumer enthusiasm is also showing up at grocery store shelves. Over the four weeks ending August 8, the brand reached a record 6.1% share of the national packaged salad category, up from 4% a year ago. Little Leaf Farms sales grew 6% year-over-year during the same period, while the broader category declined 31%2.

Little Leaf Farms is turning the outpouring of support into an opportunity to recognize both new and long-time fans of the brand as they look for a lettuce they can feel good about bringing home.

Beginning August 27, consumers can visit littleleaffarms.com/loveletters to submit a one-sentence love letter, sharing what they love most about Little Leaf Farms, and be entered for a chance to win free lettuce for a year. Fifty winners per week will be selected through September 30.

“Lettuce hasn’t traditionally inspired a lot of love, but our fans have been vocal and enthusiastic about their love for Little Leaf since day one,” said Jeannie Hannigan, Marketing Director at Little Leaf Farms. “Some of our fans have enjoyed and trusted Little Leaf Farms for years, while others are just falling for us now. Whether it’s the crunch, freshness, or the way we grow, we think there’s a lot to love, so we’re inviting fans to tell us why Little Leaf Farms has earned a place not just in their fridge – but in their hearts.”

A “Clean from the Start” Growing Process

Little Leaf Farms grows in state-of-the-art greenhouses designed to deliver consistent quality and freshness 365 days per year. This controlled environment enables Little Leaf Farms to grow with no pesticides and ensures that every drop of water entering the greenhouse is fully purified to eliminate any potential pathogens. Little Leaf Farms’ automated growing system allows its greens to be seeded, grown, harvested, and packaged without ever being touched by human hands, which in combination with water management, is a key component of the company’s “Clean From the Start” growing approach.

“We made the decision from the beginning to grow lettuce differently because we’ve always believed consumers shouldn’t have to settle when it comes to their leafy greens,” said Paul Sellew, Founder and CEO of Little Leaf Farms. “Our growing process is built around precision and control at every stage, creating the conditions for our lettuce to thrive and allowing us to deliver the quality and freshness consumers deserve with every harvest.”

For more on Little Leaf Farms and to find it at a store near you, visit littleleaffarms.com.

1) Nielsen Pre-Packaged Salad Category Total U.S xAOC 26 weeks through 8/8/26

2) Nielsen Pre-Packaged Salad Category Total U.S. xAOC, 4 weeks through 8/8/26

About Little Leaf Farms
Little Leaf Farms is on a mission to transform the food system by growing better food in a better way. Using advanced greenhouse technologies, Little Leaf Farms is growing fresh, sustainably farmed lettuce 365 days per year. Little Leaf Farms utilizes purified rainwater, natural sunlight, and high-tech automation to grow better leafy greens via soil-less hydroponic farming. The fresh, long-lasting baby greens are harvested without ever touching human hands and are free from harmful pesticides, herbicides, or fungicides. For more information, visit littleleaffarms.com or @littleleaffarms.

View original content to download multimedia:https://www.prnewswire.com/news-releases/love-letters-to-lettuce-you-read-that-right—little-leaf-farms-fans-are-feeling-the-love-302861170.html

SOURCE Little Leaf Farms

Technology

iHire Expands Analytics Suite With New Candidate & Hiring Market Insights

Published

20 minutes ago

August 27, 2026

Analytics tools combine job seeker sentiment and labor market data to help employers make smarter, more informed recruiting decisions

FREDERICK, Md., Aug. 27, 2026 /PRNewswire/ — iHire has expanded its suite of recruitment analytics and insights tools, giving employers and recruiters easy access to actionable, real-time data on candidate availability, hiring demand, and job seeker sentiment. With its Hiring Market Insights and Candidate Insights dashboards, iHire’s analytics tools empower organizations to make smarter, more informed hiring decisions as they connect with industry-focused talent.

Hiring Market Insights

iHire’s Hiring Market Insights feature helps employers understand the supply and demand of candidates in their target markets by pulling information from iHire’s active candidate and job databases into a digestible view. Employers can analyze specific skills and job titles and filter results at the metro, state, or nationwide level.

The dashboard provides three metrics:

Candidate Supply Percentage: The percentage of active candidates in a selected market who include a particular skill or job title in their iHire profile.Job Demand Percentage: The percentage of active jobs in the selected market that mention the job title or required skill.Hiring Opportunity: These metrics compare candidate availability to job demand within your selected market, based on iHire’s data. Higher values suggest more available talent relative to demand.

In addition, the Hiring Market Insights feature advises users on how to put their data into action – based on the patterns they uncover, hiring teams can identify opportunities to adjust their job postings, targeting, and recruiting strategies.

Candidate Insights

iHire’s Candidate Insights tool gives employers an inside look at the priorities, preferences, and perspectives of today’s job seekers. The data is shared from iHire’s on-site surveys that poll actual candidates on topics such as job search challenges, employment dealbreakers, AI, talent pipelining, and more.

Interactive visualizations allow employers to review candidate responses and, when sufficient data is available, analyze industry-specific metrics from their preferred iHire talent community. Employers can also compare industry-level results with benchmark data from candidates across iHire’s network. With these metrics, hiring managers and recruiters can improve their job postings and better align their messaging with candidate expectations. For example, if candidates said a job posting that mentions flexible schedules influences their decision to apply, employers who offer that benefit can be sure it’s included in their ad.

“By bringing candidate perspectives and hiring market trends together, our expanded analytics suite gives employers a clear picture of the talent landscape,” said Kyle Gamble, iHire’s VP of Product. “With that knowledge, they can make more strategic decisions about how and where they recruit to stay competitive and keep their businesses moving forward.”

Registered employers can access both Hiring Market and Candidate Insights by signing in to their iHire account and visiting the “Analytics” tab on their dashboard, while anyone can view iHire’s Hiring Market Insights at www.ihire.com/employers/tools/hiringmarketinsights.

About iHire

iHire is a leading employment platform that powers a family of 57 industry-focused talent networks, including WorkInSports, iHireVeterinary, iHireDental, iHireConstruction, and iHireChefs. For more than 20 years, iHire has combined advanced job matching technology with our expertise in the talent acquisition space to connect job seekers with employers in their desired sector. With an industry-specific, candidate-centric, and data-driven approach to recruitment, iHire helps candidates find meaningful work and employers find unique, high-quality talent – faster, easier, and more effectively than a general job board. Visit www.iHire.com for more information.

View original content to download multimedia:https://www.prnewswire.com/news-releases/ihire-expands-analytics-suite-with-new-candidate–hiring-market-insights-302861260.html

SOURCE iHire LLC

Technology

Kulicke & Soffa Declares Quarterly Dividend of $0.205

Published

20 minutes ago

August 27, 2026

SINGAPORE, Aug. 27, 2026 /PRNewswire/ — Kulicke and Soffa Industries, Inc. (NASDAQ: KLIC) (“Kulicke & Soffa,” “K&S” or the “Company”), today announced that its Board of Directors has approved a quarterly dividend of $0.205 per share of common stock. The dividend will be payable on October 7, 2026, to shareholders of record as of September 17, 2026.

About Kulicke & Soffa

Kulicke & Soffa is a global leader in semiconductor assembly technology, advancing device performance across automotive, compute, industrial, memory and communications markets. Founded on innovation in 1951, K&S is uniquely positioned to overcome increasingly dynamic process challenges – creating and delivering long-term value by aligning technology with opportunity.

Contacts:

Kulicke & Soffa
Marilyn Sim
Public Relations
P: +65-6880-9309
msim@kns.com

Kulicke & Soffa
Joseph Elgindy
Finance
P: +1-215-784-7500
investor@kns.com

View original content:https://www.prnewswire.com/news-releases/kulicke–soffa-declares-quarterly-dividend-of-0-205–302861466.html

SOURCE Kulicke & Soffa Industries, Inc.