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EMERGE Reports Strong Q2 2026 Results

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Q2 revenue increased by 7.4% to $9.1M (9th consecutive quarter of YoY growth)Q2 Adj. EBITDA(1) improved by 7.3% to $1M (7th consecutive quarter of positive Adj. EBITDA) Cash grew YoY to $4.8M from $3.5M Q3 2025 Outlook: Continued revenue growth, improved gross margins, and positive Adj. EBITDA(1) expected 

TORONTO, Aug. 27, 2026 /CNW/ — EMERGE Commerce Ltd. (TSXV: ECOM) (“EMERGE” or the “Company”), an acquirer and operator of profitable e-commerce brands and technologies, today announced its financial results for the three months ended June 30, 2026. Copies of the interim Financial Statements and MD&A are available on the Company’s profile on SEDAR at www.sedar.com.

Q2 2026 Financial Highlights

For the second quarter of 2026, compared to the second quarter of 2025:

Q2 Revenue grew to $9.11M vs. $8.48M, an increase of 7.4% YoY, marking the 9th consecutive quarter of YoY revenue growth Q2 Gross profit grew to $3.55M vs. $3.09M, an increase of 14.8% YoYQ2 Gross margin increased to 39.0% vs. 36.5%Q2 Adj. EBITDA(1) improved to $1.03M vs. $0.96M, an increase of 7.3%, marking the 7th consecutive quarter of positive Adj. EBITDA(1)  Positive Net Income of $200K, approximately in line with prior periodCash position grew to $4.8M (June 30, 2026) vs. $3.5M (June 30, 2025), an increase of $1.3M YoY

Viral Loops was acquired on March 10, 2026. Q2 was Viral Loops’ first full quarter under EMERGE ownership.

Ghassan Halazon, Founder and CEO, EMERGE, “Q2 was our strongest quarter in years, across both revenue and Adjusted EBITDA(1), with positive cash flow generation on full display. The 2026 golf season launched with strength, while Viral Loops contributed meaningfully to our improved gross margins and positive cash flow in its first full quarter under EMERGE. Importantly, all three of our verticals drove positive Adjusted EBITDA(1). Q2 also provides a more representative view of the underlying business, with T2G having been acquired in early April 2025. We are especially pleased that the business achieved positive cash flow overall in both Q2 and year-to-date, as we continue to build a stronger, more durable EMERGE.”

Outlook

For Q3 2026, EMERGE expects to deliver another quarter of revenue growth and positive Adjusted EBITDA(1).

Management anticipates that the year-over-year gross margin improvements achieved in Q2 2026 to continue in Q3, in part because of the higher margins contributed by Viral Loops, in addition to the conclusion of the fair value of inventory accounting at T2G that adversely impacted EMERGE’s gross margins for most of 2025.

The Company continues to make targeted investments across its portfolio, including at the HQ level, to support current and future growth, both organic and inorganic.

Q3 is a seasonally strong quarter for the golf business, particularly Tee 2 Green (“T2G”), while it is generally a slower period for truLOCAL during the summer holiday period. Seasonality at Viral Loops is less pronounced.

Debt Refinancing

EMERGE is making meaningful progress toward refinancing its senior debt, which remains one of our key priorities. Management is increasingly encouraged by the developments to date and we believe the significantly improved financial profile of the business puts the Company in a strong position to secure a materially lower-cost, longer-term financing facility. We view this as an important step in further strengthening our balance sheet and supporting EMERGE’s long-term growth objectives.

Top Priorities

The Company’s top priorities in the near-term are to i) drive organic growth, ii) extract synergies and savings to improve profitability, iii) explore avenues to enhance cash flow and reduce interest expense; and iv) explore accretive strategic/ tuck-in acquisition opportunities.

Conference Call

Management will host a conference call on Thursday, August 27 at 9:00 am ET to discuss its second quarter results. To access the conference call, please dial (416) 945-7677 or (888) 699-1199 and provide conference ID 99792.

Alternatively, the conference call can be accessed online at: https://app.webinar.net/DA8mBZqykrg.

Selected Financial Highlights

The tables below set out selected financial information and should be read in conjunction with the Company’s consolidated financial statements and MD&A for the three and six months ended June 30, 2026, which are available on SEDAR.

Selected Financial Information

The following financial information has been summarized from the Company’s unaudited condensed consolidated interim financial statements (excluding GMS and Adjusted EBITDA):

Three months ended June 30,

Six months ended June 30,

2026

$

2025

$

2026

2025

Gross Merchandise Sales

11,817,489

11,441,510

20,308,176

19,450,080

Total revenue

9,109,675

8,480,847

15,016,925

13,509,805

Adjusted EBITDA

1,030,934

958,016

1,153,174

990,315

Net loss from continuing operations

199,662

201,031

74,188

179,422

Net income

199,662

200,086

74,188

603,206

Basic and diluted loss per share from continuing operations

0.0011

0.00141

0.0004

0.00127

Total assets

13,707,680

10,625,159

13,707,680

10,625,159

Long-term liabilities

7,503,359

9,463,464

7,503,359

9,463,464

The following table presents Adjusted EBITDA for the three and six months ended June 30, 2026, and the Adjusted EBITDA loss for the three and six months ended June 30, 2025, along with a reconciliation of the Company’s reported results to its adjusted measures.

Three months ended June 30,

Six months ended June 30,

2026

2025

2026

2025

Net income

199,662

200,086

74,188

603,206

Add back:

Finance costs

433,781

369,681

799,533

623,908

Income taxes (recovery)

180,121

108,915

207,720

189,462

Amortization

106,392

51,669

183,311

104,447

EBITDA

919,956

730,351

1,264,752

1,521,023

Share-based compensation

32,400

63,379

64,800

121,524

Transaction cost

30,852

16,259

69,458

29,217

Foreign exchange and other losses (gains)

5,891

(234,772)

(68,078)

(639,519)

Gain on debt modification

–

–

(259,581)

–

Fair value adjustment to inventory acquired1

41,835

381,854

81,823

381,854

Net loss (income) from discontinued operations

–

945

–

(423,784)

Adjusted EBITDA

1,030,934

958,016

1,153,174

990,315

The following table highlights GMS for the three and six months ended June 30, 2026 and 2025, and a reconciliation of the Company’s reported results to its adjusted measures.

Three months ended June 30,

Six months ended June 30,

2026

2025

2026

2025

Revenue

9,109,675

8,480,847

15,016,925

13,509,805

Adjusted for:

Merchant costs deducted from net revenue

2,430,664

2,888,023

5,618,150

6,669,701

Deferred revenue and other adjustments to revenue recognized

336,954

157,609

(315,160)

(602,673)

Advertising revenue

(59,804)

(84,969)

(11,739)

(126,753)

GMS

11,817,489

11,441,510

20,308,176

19,450,080

About EMERGE

EMERGE Commerce (TSXV: ECOM) is a disciplined acquirer and operator of profitable e-commerce brands and technologies across Direct-to Consumer (“D2C”) and Business-to-Business (“B2B”) segments. Our D2C portfolio spans our Grocery and Golf verticals. truLOCAL is our flagship Canadian meat and seafood subscription service. Our Golf vertical includes UnderPar (discounted golf experiences), JustGolfStuff and Tee 2 Green (discounted apparel and equipment). EMERGE B2B houses Viral Loops, our referral marketing platform.  

Follow EMERGE:
LinkedIn | X | Instagram | Facebook

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

(1) Non-GAAP Measures

This press release makes reference to certain non-GAAP measures. These non-GAAP measures are not recognized measures under IFRS, do not have a standardized meaning prescribed by IFRS and are therefore unlikely to be comparable to similar measures presented by other companies. Rather, these measures are provided as additional information to complement those IFRS measures by providing a further understanding of results of operations from management’s perspective. Accordingly, they should not be considered in isolation nor as a substitute for analysis of the financial information of the Company reported under IFRS. Gross Merchandise Sales (“GMS”), EBITDA, and Adjusted EBITDA should not be construed as alternatives to revenue or net income/loss determined in accordance with IFRS. GMS, EBITDA and Adjusted EBITDA do not have any standardized meaning under IFRS and therefore may not be comparable to similar measures presented by other issuers.

GMS as defined by management is the total dollar value of customer purchases of goods and services, excluding applicable taxes and net of discounts and refunds. Management believes GMS provides a useful measure for the dollar volume of e-commerce transactions made through our platforms and an indicator for our business performance.

Earnings before interest, taxes, depreciation and amortization (“EBITDA”) and Adjusted EBITDA as defined by management means earnings before interest and financing costs, income taxes, depreciation and amortization, transaction costs, foreign exchange gains/losses, discontinued operations, fair value increments on inventory included in cost of sales, unrealized gains/losses on contingent consideration and share-based compensation. Management believes that Adjusted EBITDA is a useful measure because it provides information about the operating and financial performance of EMERGE and its ability to generate ongoing operating cash flow to fund future working capital needs and fund future capital expenditures or acquisitions.

A reconciliation of the adjusted measures is included in the Company’s management discussion & analysis for the three and six months ended June 30, 2026 in the section “Non-GAAP Financial Measures” available through SEDAR at www.sedar.com.

Notice regarding forward-looking statements

This press release may contain certain forward-looking information and statements (“forward-looking information”) within the meaning of applicable Canadian securities legislation, that are not based on historical fact, including without limitation statements containing the words “believes”, “anticipates”, “plans”, “intends”, “will”, “should”, “expects”, “continue”, “estimate”, “forecasts” and other similar expressions. Readers are cautioned to not place undue reliance on forward-looking information.  Actual results and developments may differ materially from those contemplated by these statements.  The Company undertakes no obligation to comment on analyses, expectations or statements made by third-parties in respect of the Company, its securities, or financial or operating results (as applicable).  Although the Company believes that the expectations reflected in forward-looking information in this press release are reasonable, such forward-looking information has been based on expectations, factors and assumptions concerning future events which may prove to be inaccurate and are subject to numerous risks and uncertainties, certain of which are beyond the Company’s control, including the risk factors discussed in the Company’s MD&A and Annual Information Form which are incorporated herein by reference and are available through SEDAR at www.sedar.com. The forward-looking information contained in this press release are expressly qualified by this cautionary statement and are made as of the date hereof. The Company disclaims any intention and has no obligation or responsibility, except as required by law, to update or revise any forward-looking information, whether as a result of new information, future events or otherwise. Unless otherwise noted, all amounts are in Canadian dollars.

On Behalf of the Board
Ghassan Halazon
Director, President, and CEO
EMERGE Commerce Ltd.

SOURCE Emerge Commerce Ltd.

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LPGA Tour Veteran Ryann O’Toole Wins 2026 Aon Risk Reward Challenge and $1 Million Prize

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After 15 years on the LPGA Tour, O’Toole earns a career-defining achievement through strategic decision-making, capping a standout season as she prepares to welcome her first child

NAPLES, Fla., Nov. 9, 2026 /PRNewswire/ — Aon plc (NYSE: AON), a leading global professional services firm, and the LPGA Tour today announced Ryann O’Toole as the winner of the 2026 Aon Risk Reward Challenge, earning the Aon trophy and $1 million prize.

O’Toole’s victory was built on a season of consistently making the right decisions when risk and opportunity were at its highest. Analysis of her performance on the Aon Risk Reward Challenge holes shows how she converted those moments into competitive advantage, finishing 22-under-par across her counting scores and delivering some of her best golf of the season when it mattered most.

Across 12 Challenge holes, with her two best scores counting on each, O’Toole finished 21-under-par on the par 5s, including four eagles. She hit 21 of 24 greens in regulation, or 87.5%, 22 percentage points higher than her overall season average and recorded 15 one-putts without a single three-putt.

Her performance on the Challenge holes reflected a broader transformation in her game. After ranking 125th on the LPGA Tour in par-5 scoring in 2025, O’Toole climbed to 11th in 2026, the best ranking of her 16-year career. At age 39, she also averaged a career-best 270.6 yards off the tee, combining improved distance with consistent execution to capitalize on opportunity throughout the season.

For O’Toole, those decisions extended beyond the golf course. Having built a commanding lead in the Challenge standings and secured the minimum number of rounds required to qualify, she made the decision to conclude her 2026 LPGA Tour season following the FM Championship as she prepared for the birth of her first child. It meant leaving the final outcome of the Challenge in the hands of the remaining field, confident in the position she had created through her performance across the season.

“Ryann is a veteran who knows exactly when to take a risk and how to deliver on it, and watching her win the 2026 Aon Risk Reward Challenge has been inspiring,” said Craig Kessler, LPGA Commissioner. “A year after going back to Q-Series to earn her card, Ryann finished on top while playing a limited schedule, all while navigating her pregnancy and supporting her brother in his recovery from a severe accident. That’s really special golf.”

“Aon’s philosophy of making better decisions in the face of uncertainty resonates with me more than ever this year,” said O’Toole. “Sometimes the greatest rewards come from continuing to trust yourself, staying committed to what matters most, and embracing the opportunities in front of you, even when the path doesn’t look exactly how you imagined.”

A 15-year veteran of the LPGA Tour, O’Toole has built a career defined by dedication, perseverance and longevity. Her 2026 Aon Risk Reward Challenge victory represents one of the most significant achievements of her professional career, with the $1 million prize nearly doubling her highest single-season on-course earnings.

“Ryann’s performance shows what better decision making looks like: understanding the risk, recognizing the opportunity and having the confidence to act when it matters most,” said Anne Corona, CEO of North America, Aon. “We are proud to celebrate her as the newest Aon Risk Reward Challenge champion, and we wish Ryann and her partner, Gina, all the best as they prepare to welcome their first child.”

O’Toole adds the Aon Risk Reward Challenge title to her list of career accomplishments, joining past champions Carlota Ciganda, Hannah Green, Minjee Lee, Angel Yin and Jeeno Thitikul and Jennifer Kupcho.

“For Ryann and Gina, as they get ready to welcome their son, I know this $1 million prize means a lot,” said Kessler. We’re so grateful to Aon for rewarding smart, brave golf and helping shine a light on stories like Ryann’s. Congratulations, Ryann – we can’t wait to see you back out here with your newest fan cheering you on.”

For more information on Aon’s sports partnerships across the PGA Tour, LPGA Tour, Scuderia Ferrari and Ferrari Hypersail, see here.  

About the Aon Risk Reward Challenge
In the seventh season, the Aon Risk Reward Challenge brings better decision-making to life though elite performance. The Challenge tabulates the two best scores from every participating event a player competes in with players required to compete in a minimum of 40 rounds throughout the season to qualify. Players must weigh risk and opportunity, while data and analysis provides insight into the decisions they make and how those decisions translate into performance.

The Challenge runs across 28 regular season tournaments with the Golf Channel as its official broadcast partner. Each week in broadcast, Aon provides insights specific to the Aon Risk Reward Challenge hole.  

To view the final Aon Risk Reward Challenge leaderboard on the LPGA Tour and for more information, click here. 

About Aon
Aon plc (NYSE: AON) exists to shape decisions for the better — to protect and enrich the lives of people around the world. Through actionable analytic insight, globally integrated Risk Capital and Human Capital expertise, and locally relevant solutions, our colleagues provide clients in over 120 countries with the clarity and confidence to make better risk and people decisions that protect and grow their businesses. 

Follow Aon on LinkedIn, X, Facebook and Instagram. Stay up-to-date by visiting Aon’s newsroom and sign up for news alerts here. 

About the LPGA
The Ladies Professional Golf Association (LPGA) is the world’s premier women’s professional golf organization. Created in 1950 by 13 pioneering female Founders, the LPGA, whose Members now represent nearly 40 countries, is the longest-standing professional women’s sports organization. Through the LPGA Tour, the Epson Tour, the LPGA Professionals, and a joint venture with the Ladies European Tour, the LPGA provides female professionals the opportunity to pursue their dreams in the game of golf at the highest level. In addition to its professional tours and teaching accreditation programs, the LPGA features a fully integrated Foundation, which provides best-in-class programming for female golfers through its junior golf programming, and its LPGA Amateurs division, which offers its members playing and learning opportunities around the world. The LPGA aims to use its unique platform to inspire, transform and advance opportunities for girls and women, on and off the golf course. 

Follow the LPGA online at www.LPGA.com and download its mobile apps on Apple or Google Play. Join the social conversation on Facebook, X (formerly known as Twitter), Instagram and YouTube. 

About the LPGA Tour  
The LPGA Tour is the world’s leading competitive destination for the best female professional golfers in the world. The Tour hosts 33 annual events across 13 countries for over 200 athletes, awarding total prize funds exceeding $132 million and reaching television audiences in more than 170 countries. 

Contacts:  
LPGA: 
Mallory Kinahan, Communications Coordinator
Mallory.kinahan@lpga.com

Aon:
mediainquiries@aon.com  
Toll-free (U.S., Canada and Puerto Rico): +1 833 751 8114  
International: +1 312 381 3024 

SOURCE Aon plc

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Another Vision of Modernization for the Asia-Pacific

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BEIJING, Nov. 9, 2026 /PRNewswire/ — A news report from China.org.cn on another vision of modernization for the Asia-Pacific.

Every winter, nearly 100,000 migratory birds fly south from Siberia and land in downtown Shenzhen. Year after year, what kind of city keeps drawing them back?

The answer begins at sea. At Nansha Port in Guangzhou stands the world’s first fully automated river-sea-rail multimodal terminal, where unmanned vehicles guided by BeiDou satellites operate around the clock. In the cold-chain center next door, the “Cherry Express” and “Durian Express” bring Asia-Pacific’s freshest fruit to Chinese tables, while Chinese-made goods set off from the same shore, for the same ocean.

Take a look inside the factories. In Shunde, Foshan, the world’s largest microwave oven manufacturing base — a World Economic Forum “Lighthouse Factory” — runs a single production line that flexibly switches between multiple models, selling to more than 100 countries and regions. In Dongguan, OPPO has filed over 120,000 patent applications worldwide; while an office chair, designed globally and made locally, now seats people in 127 countries. A complete supply chain and an open business ecosystem give manufacturers here confidence.

Now, let’s return to where the birds land. The Futian Mangrove Nature Reserve is China’s only national nature reserve in the heart of a city. In 2026, the International Mangrove Center began operating right here — the world’s first intergovernmental organization dedicated to mangrove conservation. During this year’s APEC Ministerial Meeting on Forestry, delegates from 21 economies planted mangrove seedlings to be transplanted into the reserve’s “APEC Ministers’ Forest.” And in nearby Zhongshan, Ming Yang is developing wind power solutions that now reach more than 60 countries. Here, growth and conservation are never mutually exclusive.

What holds all this together is the Hong Kong-Zhuhai-Macao Bridge: Spanning 55 kilometers, it is the world’s longest sea crossing, handling over 107 million passenger trips by the end of 2025. In 2025, trade through the bridge’s ports of entry exceeded 300 billion yuan; with nearly 3 million cross-border e-commerce parcels crossing it every day as of July 2026. The bridge has not only boosted trade, but also brought people closer together. Despite occupying less than 0.6% of China’s land, the Guangdong-Hong Kong-Macao Greater Bay Area generates about one-ninth of the national economy —bringing modernization into the lives of millions.

In 2026, as APEC comes to Shenzhen, the world will see China and another possibility: that modernization has no single standard answer, and the fast lane of development can still leave room for the flight paths of migratory birds. As cargo ships set sail, production lines hum, and the birds return on schedule,  this land is writing a practical, warm-hearted new chapter for the Asia-Pacific.

China Mosaic

http://www.china.org.cn/video/node_7230027.htm

View original content to download multimedia:https://www.prnewswire.com/news-releases/another-vision-of-modernization-for-the-asia-pacific-302933205.html

SOURCE China.org.cn

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Arch Systems Brings Its Factory AI Platform to Defense Manufacturers with FedRAMP Class D Certification Through Partnership with Knox Systems

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Defense manufacturers can now run Arch’s Data Foundation and its full Intelligence Layer of AI applications and agents inside secure, compliant infrastructure they own and control

PALO ALTO, Calif. and WASHINGTON, Nov. 9, 2026 /PRNewswire/ — Arch Systems, a leader in manufacturing data and analytics solutions, today announced that its Data Foundation and full Intelligence Layer can be deployed in Federal Risk and Authorization Management Program (FedRAMP) Class D environments through partnership with Knox Systems (Knox), the largest, longest-running federal managed cloud. Defense manufacturers can now run the same platform, applications, and AI agents that power the world’s most advanced electronics and AI hardware factories, inside infrastructure they own and control.

Every defense manufacturer faces the same bind. The AI now transforming commercial factories depends on a data foundation that integrates machine data with Manufacturing Execution System (MES) and Enterprise Resource Planning (ERP) context, enabling predictive insights and AI-guided actions on the floor. But defense work demands that this foundation sit inside infrastructure the manufacturer owns and controls. Until now, those two requirements were in tension: build and manage everything yourself, or go without.

The Knox partnership resolves that tension. Knox operates a FedRAMP Class D environment in which Arch stands up a single-tenant instance each customer owns and controls. Arch becomes part of the customer’s infrastructure, not an alternative to it. Manufacturers who prefer their existing private cloud can deploy there instead. Both paths deliver the same thing: the latest AI models, Arch’s data architecture, and full Arch support.

Arch built its track record in some of the most challenging factories in the world: mission-critical discrete goods, low-volume and high-mix production, and complex product types. It has worked with defense manufacturers for years, but only at the edge, and with the private-cloud half of its architecture out of reach. That full hybrid architecture is now available to defense customers for the first time, including the complete Data Foundation with Connector Platform, which unifies a mixed-vendor floor and its MES and ERP context into a single data model.

“For years, defense manufacturers had to build and manage their own infrastructure to run AI on the factory floor. Now they can deploy our commercial-grade platform, proven at scale, in a way that meets the strictest security requirements. They no longer have to choose between security and progress,” said Andrew Scheuermann, CEO of Arch Systems.

The rigorous and exclusive FedRAMP program is designed to standardize security assessment and authorization for cloud service offerings, accelerating the adoption of government-grade cloud solutions by federal agencies. Knox reduced the authorization bottleneck and compliance timelines for Arch, while also enabling the company to handle Controlled Unclassified Information (CUI). Controlled data can flow into that same unified model, and the AI agents built on it can go to work on the business cases where the stakes are highest.

“Defense manufacturers have had to choose between the AI capabilities they need and the infrastructure controls their mission demands,” said Irina Denisenko, CEO of Knox Systems. “Knox exists to close that gap. By partnering with Arch, we’re giving defense manufacturers a direct path to the same AI-driven factory intelligence commercial industry already relies on without asking them to compromise on security.”

These capabilities are generally available now to qualified federal, defense, and regulated manufacturing customers. Learn more at Arch Systems. To learn more about FedRAMP Certification via Knox, visit knoxsystems.com.

About Arch Systems

Arch Systems delivers AI-powered factory intelligence that helps manufacturers improve performance, reduce downtime, and enhance efficiency across their operations. By turning factory data into real-time decisions and actions, Arch enables teams to scale expertise, improve key performance indicators, and drive consistent outcomes across global manufacturing environments.

About Knox Systems

Knox Systems operates the largest managed federal cloud, trusted by top agencies and partners across defense and civilian sectors. Built for speed, resilience, and compliance, Knox delivers FedRAMP authorization in 90 days – turning the biggest bottleneck in government IT into the fastest path to modernization. Knox proudly serves Adobe, Celonis, OutSystems, Armis, BigID, and more AI and SaaS providers, accelerating secure innovation across the federal landscape. Learn more at knoxsystems.com.

Media contacts: media@archsys.io, knox@w2comm.com

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SOURCE Knox Systems, Inc

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