Technology
Amber International Holding Limited Accelerates Specialized AI Agent Transformation as Q2 Revenue Grows 38.8% Quarter-over-Quarter and Profitability Turns Positive
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2 months agoon
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Formally pivoted to building specialized AI agents; Ambre and MIA now in market as the first two products.Total revenue reached US$13.9 million, up 38.8% quarter-over-quarter; US$7.4 million classified as agentic, supporting 79.5% gross margin and positive operating income and Adjusted EBITDA.
SINGAPORE, Sept. 3, 2026 /PRNewswire/ — Amber International Holding Limited (Nasdaq: AMBR) (“Amber International”, “we,” “us,” or the “Company”) today announced Second Quarter 2026 Unaudited Financial Results.
Management Commentary
Michael Wu, Chairman and Chief Executive Officer of Amber International, commented:
“The second quarter was a strong one for us. Revenue reached US$13.9 million, up 38.8% quarter-over-quarter, with gross margin expanding to 79.5%. Operating income and Adjusted EBITDA both turned positive. These results are the first evidence of the strategic direction we are taking.
Two days ago in Hong Kong, we introduced the new AMBR: a company that builds specialized AI agents. This is a deliberate pivot. We were a digital wealth management business; we are becoming a technology company. We are doing so from a position of strength, not as a reaction.
As of this week, we have two agents in the market. Ambre is our consumer agent for personal finance. It delivers the portfolio analysis, signals, monitoring and alerts that relationship managers have long provided to high-net-worth clients, but makes them available more broadly. It works across users’ existing exchange and brokerage accounts and does not place orders — when a user decides to act, they are connected to our expert team. Ambre is currently available by invitation, starting with Amber Premium’s verified client base.
MIA is our marketing agent and the proof that this model produces revenue. Built and scaled inside our wholly-owned marketing businesses, MIA already runs a substantial share of day-to-day campaign operations for more than a hundred enterprise customers. It is now also available as a direct product.
Ambre and MIA are the first two agents, not the full portfolio. Additional agents and the financial framework for the transition will be presented at our Investor Day, which we now expect to hold before year-end. Until then, our priority is disciplined execution on what we have just launched.”
Vicky Wang, President of Amber International, said: “Earlier this week, on September 1, we officially unveiled the new AMBR, focused on building specialized AI agents for high-value, high-stakes use cases. The initial response from clients, partners and the market has been encouraging.
Users want more than another general-purpose AI interface — they want intelligence that understands their context and can help them take action. This is where AMBR has a differentiated foundation: deep domain expertise, trusted financial infrastructure, and experience serving sophisticated users.
Our flagship product, Ambre, applies this approach to personal finance by building a holistic view of the user’s assets and priorities, identifying the signals that matter, and helping users act on them. We are also advancing MIA for growth and marketing workflows. Together, they demonstrate our thesis that the next generation of AI products will move from answering questions to understanding intent and executing complex workflows.
We look forward to sharing more as we expand Ambre, MIA and additional specialized agents.”
Second Quarter and First Half 2026 Highlights
Total Revenue: US$13.9 million in Q2 2026, an increase of 38.8% quarter-over-quarter, bringing first-half 2026 revenue to US$23.9 million.Wealth Management Solutions Revenue: US$5.3 million in Q2 2026, increased from US$4.3 million last quarter, reaching US$9.6 million for the first half of 2026.Agentic Revenue: reached US$7.4 million in Q2 2026, led by initial recognition of higher-margin revenue from A-MM which enhanced the Company’s revenue mix, with the revenue from AI-driven marketing and enterprise solutions.Gross Profit: US$11.1 million in Q2 2026, rose from US$6.8 million last quarter, while gross margin increased from 67.7% to 79.5%. It was US$17.9 million in the first half of 2026, with a gross margin of 74.5%.Non-GAAP Adjusted EBITDA from continuing operations: US$1.9 million in Q2 2026 versus US$3.2 million loss in Q1 2026, bringing first-half 2026 adjusted EBITDA to a loss of US$1.3 million.
Business Developments and Strategic Updates
In the second quarter, the Company advanced its strategic repositioning as a builder of specialized AI agents.
On September 1, the Company formally unveiled the new AMBR brand and introduced its next chapter, focused on building specialized AI agents for high-value, high-stakes use cases. Two agents are now in market:
Ambre, the flagship consumer agent for personal finance, is designed to build a holistic understanding of a user’s assets, priorities and financial context, identify the signals that matter most, and increasingly help users monitor and act on those insights. It works across existing exchange and brokerage accounts and does not place orders. Ambre is currently available by invitation, starting with Amber Premium’s verified client base.
MIA, the specialized agent for growth and marketing workflows, continues to operate at commercial scale within the Company’s wholly-owned marketing businesses and is now also available as a direct product.
Together, Ambre and MIA demonstrate the Company’s thesis that the next generation of AI products will move from answering questions to understanding intent, maintaining context and executing complex workflows on behalf of users.
Agentic revenue reached US$7.4 million in the quarter, including the initial contribution from A-MM. This higher-margin mix supported the expansion of gross margin to 79.5% and the return to positive operating income and Adjusted EBITDA.
The Company expects to provide a fuller view of its agent portfolio and the financial framework for the transition at its Investor Day, anticipated before year-end. Until then, the priority is disciplined execution on the products already in the market.
Share Repurchase Program
On November 26, 2025, the Company announced a share repurchase program authorizing the purchase of up to US$50.0 million of its ADSs over a 12-month period commencing December 1, 2025. As of June 30, 2026, the Company had repurchased a total of 2,636,910 ADSs under this program for an aggregate consideration of approximately US$5.8 million. As of June 30, 2026, approximately US$44.2 million remained available for future repurchases under the program, providing significant capacity for opportunistic repurchases alongside continued growth investment.
Second Quarter 2026 Financial Results Summary
The following table sets forth the key financial metrics of the Company for the periods indicated.
Three Months Ended
(US$ in thousands, except per share data; unaudited)
June 30,
2026
June 30,
2025*
Percentage
change
March 31,
2026
Percentage
change
Financial Metrics:
Revenue[1]
Digital Assets Platform Revenue
6,564
14,412
(54.5 %)
5,691
15.3 %
Wealth Management Solutions
5,312
11,544
(54.0 %)
4,257
24.8 %
Execution Solutions
737
2,010
(63.3 %)
859
(14.2 %)
Payment Solutions
515
858
(40.0 %)
575
(10.4 %)
Agentic Revenue
7,357
4,536
62.2 %
4,337
69.6 %
Total revenue
13,921
18,948
(26.5 %)
10,028
38.8 %
Gross profit
11,064
14,583
(24.1 %)
6,788
63.0 %
Operating income/(loss)
1,035
(787)
N/M
(3,192)
N/M
Net income/(loss) from continuing operations
1,472
750
96.3 %
(3,728)
N/M
Diluted net income/(loss) from continuing operations
per American Depositary Shares (“ADS”)
0.02
0.01
100.0 %
(0.04)
N/M
Adjusted EBITDA from continuing operations[2]
1,866
170
997.6 %
(3,190)
N/M
Adjusted net income/(loss) from continuing
operations[2]
1,482
(301)
N/M
(3,502)
N/M
Diluted adjusted net income/(loss) per ADS from
continuing operations[2]
0.02
(0.00)
N/M
(0.04)
N/M
[1] Beginning in the second quarter of 2026, the Company introduced (i) “Digital Assets Platform Revenue,” comprising the revenue from Wealth
Management Solutions, Execution Solutions, and Payment Solutions, and (ii) “Agentic Revenue”, comprising the revenue generated from A-MM
(Agentic Market Making) and Marketing and Enterprise Solutions to better reflect the evolution of its AI-enabled business model. Comparative
period information has been conformed to the current presentation. Any discrepancies on announcement between the amounts identified as total
amounts and the sum of the amounts listed therein are due to rounding.
[2] For more details on these non-GAAP financial measures, please see the tables captioned “Unaudited Reconciliations of GAAP and Non-GAAP
Results” set forth at the end of this press release.
* Certain operations were classified as held-for-sale starting from the third quarter of 2025, and we completed one of the disposals in October 2025. The disposed business was deconsolidated from the Company upon the respective disposal and the results of the held-for-sale and disposed businesses are reflected in the consolidated financial statements as discontinued operations accordingly.
Revenue for the second quarter of 2026 increased 38.8% quarter-over-quarter from US$10.0 million in the prior quarter to US$13.9 million. The addition of revenue from A-MM this quarter further broadened the Company’s revenue base, alongside the growth in institutional-grade wealth management platforms.
Revenue from Wealth Management Solutions was US$5.3 million in the second quarter of 2026, up from US$4.3 million last quarter, driven by stronger demand across the Company’s diversified and newly launched investment products and services.Revenue from Execution Solutions was US$0.7 million in the second quarter of 2026, versus US$0.9 million last quarter, due to lower trading volumes resulting from broader macroeconomic conditions, partially offset by a higher realized fee rate during the quarter.Revenue from Payment Solutions was US$0.5 million in the second quarter of 2026, versus US$0.6 million last quarter, with continued momentum in stablecoin-based payment flows for risk-off positioning and treasury management partially offsetting the impact of market-driven fluctuations.Agentic Revenue consists of (i) revenue generated from A-MM (Agentic Market Making), the first flagship component of the Company’s A-Suite agent-native liquidity operations system and designated market-making infrastructure platform which offers integrated technology, platform and operational services. It was US$3.5 million in the initial recognition this quarter, establishing a strategic new growth driver and advancing the Company’s ongoing AI adoption, and (ii) Marketing and Enterprise Solutions revenue of US$3.8 million in the second quarter of 2026, compared to US$4.3 million last quarter, reflected the Company’s strategic decision to optimize its portfolio, including realignment of resources away from lower margin consumers and marketers.
Combined revenue from Digital Assets Platform and A-MM reached US$10.1 million in the second quarter of 2026, exceeding the Company’s previously communicated Amber Premium revenue outlook of US$9.0 million to US$10.0 million, which was provided prior to the introduction of A-MM as a new revenue stream under Amber Premium. Digital Assets Platform Revenue contributed US$6.6 million, and A-MM contributed US$3.5 million revenue during the quarter.
Gross profit increased to US$11.1 million in the second quarter of 2026 from US$6.8 million last quarter, while gross profit margin reached 79.5% in the second quarter of 2026, from 67.7% last quarter. These improvements were driven by a more favorable higher-margin business mix, including the contributions from our new agentic revenue from A-MM and the core Wealth Management Solutions.
Total operating expenses remained stable at US$10.0 million in the second quarter of 2026. The disciplined cost management demonstrated the scalability of our operations through the integration of AI capabilities across the business and the ongoing transition of our business to an AI-driven operating model.
Operating income improved to US$1.0 million in the second quarter of 2026, turning positive from an operating loss of US$3.2 million last quarter, contributed by stronger gross profit performance and new higher-margin A-MM business.
Other gains, net were US$0.4 million in the second quarter of 2026, versus US$0.6 million other losses, net last quarter. The results in the second quarter of 2026 mainly benefited from a more favorable unrealized fair value change of crypto assets loan receivables and digital assets.
Net income from continuing operations achieved US$1.5 million in the second quarter of 2026, compared to net loss of US$3.7 million last quarter.
Adjusted EBITDA from continuing operations strengthened to US$1.9 million profitability in the second quarter of 2026, from a loss of US$3.2 million last quarter.
Adjusted net income from continuing operations was US$1.5 million, improved from adjusted net loss of US$3.5 million last quarter.
As of June 30, 2026, the Company had cash and cash equivalents, time deposits and restricted cash of US$34.2 million, compared to US$33.9 million as of December 31, 2025.
Withdrawal of Outlook
In view of the Company’s strategic transition towards an agentic AI company, the management has determined that the previously issued financial guidance is no longer an appropriate measure of the Company’s future performance. Accordingly, we are withdrawing our financial guidance while we evaluate the financial impact of the new business initiatives. The Company expects to provide updated guidance once sufficient operating history and forecasting visibility have been established.
Conference Call
The Company will host an earnings conference call at 8:00 AM U.S. Eastern Time on September 3, 2026 (8:00 PM Singapore time on September 3, 2026). Participants are asked to use one of the following teleconferencing numbers to participate in the call and reference the Access ID number 13762457. The Company requests that participants dial in 10 minutes before the conference call begins.
Participant Dial-in Numbers:
Toll Free: 1-844-539-3703
Toll/International: 1-412-652-1273
The conference call will also be available via a live webcast
https://viavid.webcasts.com/starthere.jsp?ei=1774230&tp_key=5a46e93419
Replay Dial-in Numbers:
Toll Free: 1-844-512-2921
Toll/International: 1-412-317-6671
Replay Pin Number: 13762457
A replay of the call will be available on Thursday, September 3, 2026, after 12:00 PM ET through Thursday, September 17, 2026 at 11:59 PM ET.
The Company’s earnings release and investor presentation will be available shortly after issuance in the Investor Relations section of Amber International’s website at https://ir.ambr.io.
About Amber International Holding Limited
Amber International Holding Limited (Nasdaq: AMBR), is a technology company that builds specialized AI agents for high-value, high-stakes use cases. Drawing on deep domain expertise, trusted financial infrastructure, and experience serving sophisticated users, the Company develops agents that move beyond answering questions to understanding intent, maintaining context, and executing complex workflows on behalf of users. Its first two agents are in the market: Ambre, a consumer agent for personal finance, and MIA, an agent for growth and marketing workflows. Headquartered in Singapore, Amber International is listed on the Nasdaq Stock Market. For more information, visit https://ir.ambr.io.
Non-GAAP Financial Measures
The Company uses adjusted EBITDA from continuing operations, adjusted net income/(loss) from continuing operations, and diluted adjusted net income/(loss) from continuing operations per ADS, each a non-GAAP financial measure, in evaluating the Company’s operating results and for financial and operational decision-making purposes. The Company believes that adjusted EBITDA from continuing operations, adjusted net income/(loss) from continuing operations, and diluted adjusted net income/(loss) from continuing operations per ADS help identify underlying trends in the Company’s business that could otherwise be distorted by the effect of the expenses and gains that the Company includes in net income/(loss). The Company believes that adjusted EBITDA from continuing operations and adjusted net income/(loss) from continuing operations provide useful information about the Company’s operating results, enhance the overall understanding of the Company’s past performance and future prospects, assess operating performance on a consistent basis, and allow for greater visibility with respect to key metrics used by the Company’s management in its financial and operational decision-making.
Adjusted EBITDA from continuing operations, adjusted net income/(loss) from continuing operations, and diluted adjusted net income/(loss) from continuing operations per ADS should not be considered in isolation or construed as an alternative to net income/(loss) or any other measure of performance or as an indicator of the Company’s operating performance. Investors are encouraged to review the historical non-GAAP financial measures to the most directly comparable GAAP measures. Adjusted EBITDA from continuing operations, adjusted net income/(loss) from continuing operations, and diluted adjusted net income/(loss) from continuing operations per ADS presented here may not be comparable to similarly titled measures presented by other companies. Other companies may calculate similarly titled measures differently, limiting their usefulness as comparative measures to the Company’s data. The Company encourages investors and others to review the Company’s financial information in its entirety and not rely on a single financial measure.
For more information on these non-GAAP financial measures, please see the table captioned “Unaudited Reconciliations of GAAP and Non-GAAP Results” set forth at the end of this press release.
These non-GAAP financial measures were presented with the most directly comparable GAAP financial measures together for facilitating a more comprehensive understanding of operating performance between periods.
Important Notice Regarding Preliminary Financial Information
The financial information presented herein is preliminary and unaudited, and is subject to change in connection with the completion of the Company’s financial closing and audit procedures.
Safe Harbor Statement
This announcement contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact in this announcement are forward-looking statements. These forward-looking statements are inherently uncertain, and shareholders and other potential investors must recognize that actual results may differ materially from the expectations as a result of a variety of factors. Such forward-looking statements are based upon management’s current expectations and include known and unknown risks, uncertainties and other factors, many of which are hard to predict or control, that may cause the actual results, performance, or plans to differ materially from any future results, performance or plans expressed or implied by such forward-looking statements, including, among others, risks and uncertainties related to the Company’s strategic transition, including its ability to execute its strategy and manage the transition and the launch, development, performance, and market adoption of its products and any additional specialized AI agents. Further information regarding these and other risks is included in the Company’s annual reports on Form 20-F and other filings with the SEC. Investors can identify these forward-looking statements by words or phrases such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to” or other similar expressions. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results.
Media & Investor Contacts
In Asia:
Amber International Holding Limited
Media Relations Team
Phone: +65 6022 0228
E-mail: pr@ambr.io | ir@ambr.io
In the United States:
International Elite Capital Inc.
Annabelle Zhang
Phone: +1 (646) 866-7928
E-mail: amber@iecapitalusa.com
(financial tables follow)
AMBER INTERNATIONAL HOLDING LIMITED
Unaudited Condensed Consolidated Statements of Comprehensive Income/(Loss)
(US$’000, except share data and per share data, or otherwise noted)
Three Months Ended
Six Months Ended
June 30, 2026
June 30, 2025
March 31, 2026
June 30, 2026
June 30, 2025
Continuing operations
Revenue
13,921
18,948
10,028
23,949
33,455
Cost of revenue
(2,857)
(4,365)
(3,240)
(6,097)
(7,924)
Gross profit
11,064
14,583
6,788
17,852
25,531
Operating expenses
Research and development expenses
(1,561)
(4,585)
(1,541)
(3,102)
(7,968)
Sales and marketing expenses
(2,165)
(2,480)
(2,289)
(4,454)
(3,223)
General and administrative expenses
(6,303)
(8,305)
(6,150)
(12,453)
(14,279)
Total operating expenses
(10,029)
(15,370)
(9,980)
(20,009)
(25,470)
Operating income/(loss)
1,035
(787)
(3,192)
(2,157)
61
Finance income, net
80
12
96
176
50
Other gains/(losses), net
419
1,548
(615)
(196)
1,604
Income/(loss) from continuing operations before
share of losses from an equity investee and income
tax (expense)/credit
1,534
773
(3,711)
(2,177)
1,715
Share of losses from an equity investee
(9)
(24)
(11)
(20)
(24)
Income/(loss) from continuing operations before
income tax (expense)/credit
1,525
749
(3,722)
(2,197)
1,691
Income tax (expense)/credit
(53)
1
(6)
(59)
(4)
Net income/(loss) from continuing operations
1,472
750
(3,728)
(2,256)
1,687
Net income attributable to non-controlling interests
—
—
—
—
—
Net income/(loss) from continuing operations
attributable to the Company’s ordinary
shareholders
1,472
750
(3,728)
(2,256)
1,687
Discontinued operations
Net income/(loss) from discontinued operations
26
(22)
(4)
22
(43)
Net loss attributable to non-controlling interests
—
13
—
—
28
Net income/(loss) from discontinued operations
attributable to the Company’s ordinary
shareholders
26
(9)
(4)
22
(15)
Net income/(loss)
1,498
728
(3,732)
(2,234)
1,644
Net income/(loss) attributable to the Company’s
ordinary shareholders
1,498
741
(3,732)
(2,234)
1,672
Three Months Ended
Six Months Ended
June 30, 2026
June 30, 2025
March 31, 2026
June 30, 2026
June 30, 2025
Net income/(loss) from continuing operations
1,472
750
(3,728)
(2,256)
1,687
Other comprehensive loss:
Foreign currency translation adjustment, net of
US$nil tax
(1,298)
(115)
(417)
(1,715)
(115)
Comprehensive income/(loss) from continuing
operations attributable to the Company’s
ordinary shareholders
174
635
(4,145)
(3,971)
1,572
Net income/(loss) from discontinued operations
26
(22)
(4)
22
(43)
Other comprehensive income/(loss):
Foreign currency translation adjustment, net of
US$nil tax
—
—
—
—
—
Comprehensive income/(loss) from discontinued
operations
26
(22)
(4)
22
(43)
Comprehensive loss from discontinued operations
attributable to noncontrolling interests
—
(24)
—
—
(24)
Comprehensive income/(loss) from discontinued
operations attributable to the Company’s
ordinary shareholders
26
(46)
(4)
22
(67)
Comprehensive income/(loss) attributable to the
Company’s ordinary shareholders
200
589
(4,149)
(3,949)
1,505
Net income/(loss) from continuing operations per
ADS attributable to the Company’s ordinary
shareholders
— Basic
0.02
0.01
(0.04)
(0.02)
0.02
— Diluted
0.02
0.01
(0.04)
(0.02)
0.02
Weighted average number of ADS used in per share
calculation:
— Basic
93,840,552
90,548,508
93,837,525
93,839,047
79,493,454
— Diluted
93,870,041
90,551,286
93,837,525
93,839,047
79,496,261
Net income/(loss) from discontinued operations per
ADS attributable to the Company’s ordinary
shareholders
— Basic
0.00
(0.00)
(0.00)
0.00
(0.00)
— Diluted
0.00
(0.00)
(0.00)
0.00
(0.00)
Weighted average number of ADS used in per share
calculation:
— Basic
93,840,552
90,548,508
93,837,525
93,839,047
79,493,454
— Diluted
93,870,041
90,548,508
93,837,525
93,865,074
79,493,454
Net income/(loss) per ADS attributable to the
Company’s ordinary shareholders
— Basic
0.02
0.01
(0.04)
(0.02)
0.02
— Diluted
0.02
0.01
(0.04)
(0.02)
0.02
Weighted average number of ADS used in per share
calculation:
— Basic
93,840,552
90,548,508
93,837,525
93,839,047
79,493,454
— Diluted
93,870,041
90,551,286
93,837,525
93,839,047
79,496,261
AMBER INTERNATIONAL HOLDING LIMITED
Unaudited Condensed Consolidated Statements of Financial Position
(US$’000)
As of June 30, 2026
As of December 31, 2025
Assets
Current assets
Cash and cash equivalents, time deposits and restricted cash
34,248
33,902
Trade and other receivables
12,246
16,625
Crypto assets loan receivables
57,788
42,141
Digital assets
52,111
45,958
Financial assets at fair value through profits or loss
13,647
22,084
Derivative financial assets
—
316
Amounts due from related parties
60,081
32,341
Collateral receivables
8,534
3,407
Income tax recoverable
57
141
Assets held for sale
10
17
Total current assets
238,722
196,932
Non-current assets
Goodwill
53,136
53,136
Intangible assets
2,720
2,949
Other assets
3,470
3,362
Total non-current assets
59,326
59,447
Total assets
298,048
256,379
Liabilities and equity
Current liabilities
Trade and other payables
11,192
13,427
Collateral payables
75,558
10,941
Contract liabilities
8,232
8,575
Liabilities due to customers
49,624
61,351
Amount due to related parties
47,723
48,031
Derivative financial liabilities
—
316
Lease liabilities
874
867
Income tax payable
438
513
Liabilities held for sale
1,265
1,277
Total current liabilities
194,906
145,298
Non-current liabilities
Lease liabilities
274
722
Other liabilities
47
47
Total non-current liabilities
321
769
Total liabilities
195,227
146,067
Equity
Share capital
86,480
90,061
Accumulated losses
(35,373)
(33,139)
Reserve
51,714
53,390
Total equity
102,821
110,312
Total equity and liabilities
298,048
256,379
AMBER INTERNATIONAL HOLDING LIMITED
Unaudited Reconciliations of GAAP and Non-GAAP Results
(US$’000, except share data and per share data, or otherwise noted)
Adjusted EBITDA from continuing operations represents net income/(loss) from continuing operations before (i) depreciation and
amortization, (ii) finance income, net, (iii) income tax expense/(credit), (iv) share-based compensation, (v) other gains, net, (vi)
unrealized loss in fair value of digital assets, and (vii) cost related to merger.
The table below sets forth a reconciliation of the Company’s adjusted EBITDA from continuing operations from net income/(loss)
from continuing operations for the periods indicated:
Three Months Ended
Six Months Ended
June 30, 2026
June 30, 2025
March 31, 2026
June 30, 2026
June 30, 2025
Net income/(loss) from continuing operations
1,472
750
(3,728)
(2,256)
1,687
Add/(less):
Depreciation and amortization
411
484
402
813
621
Finance income, net
(80)
(12)
(96)
(176)
(50)
Income tax expense/(credit)
53
(1)
6
59
4
EBITDA from continuing operations
1,856
1,221
(3,416)
(1,560)
2,262
Add/(less):
Share-based compensation
26
178
13
39
805
Other gains, net[3]
(353)
(1,641)
(515)
(868)
(1,754)
Unrealized loss in fair value of digital assets
337
—
728
1,065
—
Cost related to merger[4]
—
412
—
—
444
Adjusted EBITDA from continuing operations
1,866
170
(3,190)
(1,324)
1,757
Adjusted net income/(loss) from continuing operations represents net income/(loss) from continuing operations before (i) share
-based compensation, (ii) other gains, net, (iii) unrealized loss in fair value of digital assets, and (iv) cost related to merger. There
are no material tax effects on these non-GAAP adjustments.
The table below sets forth a reconciliation of the Company’s adjusted net income/(loss) from continuing operations from net
income/(loss) from continuing operations for the periods indicated:
Three Months Ended
Six Months Ended
June 30, 2026
June 30, 2025
March 31, 2026
June 30, 2026
June 30, 2025
Net income/(loss) from continuing operations
1,472
750
(3,728)
(2,256)
1,687
Add/(less):
Share-based compensation
26
178
13
39
805
Other gains, net[3]
(353)
(1,641)
(515)
(868)
(1,754)
Unrealized loss in fair value of digital assets
337
—
728
1,065
—
Cost related to merger[4]
—
412
—
—
444
Adjusted net income/(loss) from continuing
operations
1,482
(301)
(3,502)
(2,020)
1,182
[3] Other gains, net has been adjusted out, except for (i) amounts of (US$66 thousand), US$93 thousand, US$1,130 thousand, US$1,064 thousand
and US$150 thousand in relation to realized and unrealized (gain)/loss in fair value of digital assets, net for the three months ended June 30,
2026, June 30, 2025, March 31, 2026 and for the six months ended June 30, 2026 and 2025, respectively.
[4] Cost related to the merger relates to legal and professional fees.
The diluted adjusted net income/(loss) from continuing operations per ADS for the periods indicated are calculated as follows:
Three Months Ended
Six Months Ended
June 30, 2026
June 30, 2025
March 31, 2026
June 30, 2026
June 30, 2025
Net income/(loss) from continuing operations
1,472
750
(3,728)
(2,256)
1,687
Add: Non-GAAP adjustments
10
(1,051)
226
236
(505)
Adjusted net income/(loss) from continuing
operations
1,482
(301)
(3,502)
(2,020)
1,182
Denominator for diluted net income/(loss) from
continuing operations per ADS – Weighted average
ADS outstanding
93,870,041
90,551,286
93,837,525
93,839,047
79,496,261
Denominator for diluted adjusted net income/(loss)
from continuing operations per ADS – Weighted
average ADS outstanding
93,870,041
90,548,508
93,837,525
93,839,047
79,496,261
Diluted net income/(loss) from continuing operations
per ADS
0.02
0.01
(0.04)
(0.02)
0.02
Add: Non-GAAP adjustments
0.00
(0.01)
0.00
0.00
(0.01)
Diluted adjusted net income/(loss) from continuing
operations per ADS
0.02
(0.00)
(0.04)
(0.02)
0.01
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SOURCE AMBR
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Technology
Tata Communications to Build India’s AI Super Highway
Published
11 minutes agoon
October 29, 2026By
Planned USD 400 – 450 million investment to create 10,000 km of AI-ready connectivity infrastructure linking India’s key data center and AI hubs
NEW DELHI, Oct. 29, 2026 /PRNewswire/ — Tata Communications, a leading global communications technology player, today announced strategic investments of close to USD 450 million to build an AI super highway in India – a high-speed, low-latency network fabric connecting India’s key AI data-centre corridors. The company will build around 10,000 kilometers of the new long-haul fiber across India, creating one of the country’s largest AI-ready connectivity network. Integrated with Tata Communications’ global network backbone, the AI super highway will provide customers with a seamless, end-to-end connectivity fabric, supporting the performance, resilience and scale required for next-generation AI workloads.
India’s data centre industry is poised for significant growth in the near future, driven by accelerating cloud adoption, AI deployment, increasing data localisation requirements, and growing enterprise demand for resilient, high-capacity digital infrastructure. As data centre capacity expands rapidly across the country, connectivity is becoming as critical as compute power and energy availability in enabling the next generation of digital services.
Rupesh Chokshi, Chief Product and Technology Officer, Executive Vice President & Global Business Head – Network Services, Tata Communications, said, “The AI economy needs more than compute. It needs a network built for speed, scale and resilience. Tata Communications has long played a foundational role in enabling India’s digital economy, and our AI Network Fabric builds on that legacy. Our AI Network Fabric will give our global customers the ultra-low-latency, high-capacity and resilient connectivity they need to scale AI with confidence. By connecting India’s AI and data center hubs to the world, we are enabling our customers to grow and helping fuel India’s next chapter of economic growth.”
The investment aims to strengthen India’s emergence as a global AI and cloud connectivity gateway, intending to meet the unprecedented demand from hyperscale and neocloud providers, AI workloads, digital-native businesses, Global Capability Centres (GCCs), enterprises and emerging cloud platforms. It will enable global hyperscalers, digital platforms and multinational enterprises to scale their operations in India with confidence as the country enters its next phase of digital transformation.
The first phase of the program will focus on the Mumbai-Pune-Hyderabad-Chennai corridor, one of India’s most important AI and hyperscale growth routes. Subsequent phases will expand connectivity into emerging East Coast and Western India data centre ecosystems, including Vizag, Bhubaneswar, Jamnagar, GIFT City and other strategic locations. By linking the key AI corridors and data centre clusters with international cable landing stations, Tata Communications will enable seamless connectivity between India and major global AI hubs across, positioning India as a strategic gateway in the global digital infrastructure landscape.
In parallel, Tata Communications will continue to support existing enterprise and data centre connectivity requirements by scaling its current National Long Distance and metro network footprint, ensuring continued support for current growth while building capacity for future demand.
SOURCE Tata Communications
Technology
HFE & AI 2026: TÜV Rheinland Advocates Human Factors Research Across Full Product Development Cycle
Published
11 minutes agoon
October 29, 2026By
Independent human factors evidence should shape design from day one — not just confirm it at the end.
BEIJING, Oct. 28, 2026 /PRNewswire/ — On October 17, 2026, TÜV Rheinland Greater China (“TÜV Rheinland”) attended the 2026 International Conference on Human Factors Engineering and Intelligent System Interaction (HFE & AI 2026) in its capacity as an independent third-party human factors research laboratory and delivered a featured talk. Centered on the theme “Collaborative Intelligence: Human Factors Engineering and the Future of Work,” the conference engaged in deep exchanges around fundamental research, key technologies, and major applications of human factors engineering in the AI era, focusing on human–computer interaction and the integration of humans with intelligent agents. Across 38 parallel sessions, the event supported the cultivation of new quality productive forces and high-quality economic development.
The conference’s smart home session, organized by Haier Innovation Design Center, also featured Huawei, Microsoft China, vivo and GoerTek. The lineup pointed to a wider industry move away from single-device performance and toward interaction that is natural, comfortable and trustworthy across devices, scenarios and intelligent systems.
Mia Xie, Ph.D., a human factors expert in TÜV Rheinland Greater China Electrical presented “From Parameters to Experience: How Human Factors Research Truly Enters Smart Product Development.” Her subject: how development teams can hear users earlier and more effectively when specifications alone no longer predict experience.
The competitive landscape for smart products is being reshaped. In the past, superior technical specifications—such as higher resolution, wider color gamuts, lower latency, or greater brightness—translated directly into a better user experience. Today, even when key parameters are nearly identical, the actual user experience can still differ markedly. User experience is the combined result of multiple interacting factors: product characteristics, specific tasks, usage environments, and individual differences.
TÜV Rheinland advocates that R&D decisions must move beyond “what technology can achieve” to focus on “what is worth achieving,” emphasizing that independent human factors research provides perceptible, measurable, and trustworthy objective evidence to support sound decision-making. In her presentation, Dr. Xie stressed that human factors research should not merely serve as “user testing” near product completion. By that stage, product architecture, technology routes, and core design solutions are typically locked in, leaving limited room for optimization. As an independent laboratory, TÜV Rheinland supports embedding human factors research earlier and more continuously throughout the development process:
Product definition, translating goals such as “a better experience” into specific, measurable human factors targetsTechnology selection, assessing whether competing technology routes deliver genuine user valueDesign and prototype iteration, comparing the experience gains, trade-offs and key influencing factors of alternative conceptsFinal verification, confirming the experience holds across users, scenarios and conditions of use
AI image enhancement shows why. Better algorithm scores do not guarantee a better picture to the viewer: processing traces, an unnatural look, artifacts or over-smoothing can cancel out the technical gain. The same applies to smart cockpits, augmented and virtual reality headsets, wearables and smart home devices. The commercial question is where users start to notice an improvement and where further investment stops paying for itself.
“As an independent, third-party laboratory, our role is not only to evaluate finished products, but to help industry build human factors research into development itself,” Xie said. “We want research findings to become reusable evidence — evidence that supports better products and, over time, better standards.”
When user experience is consistently measurable, clearly explainable, and reliably reproducible, research findings deliver value well beyond individual projects—evolving into reusable testing methodologies, product evaluation standards, and the groundwork for future certification. As smart products increasingly adapt in real time, the core industry question moves away from “what is the best setting” toward “what is the right setting for this user, at this moment, within this specific scenario.”
About TÜV Rheinland
TÜV Rheinland is a leading provider of testing, inspection and certification services worldwide. For over 150 years, the company has helped make the world a safer place. Today, more than 29,000 employees test, inspect and certify products, plants and processes, while also providing training for people in a wide range of professions. Operating from 500 locations in more than 50 countries, TÜV Rheinland helps safeguard key areas of business and everyday life. Headquartered in Cologne and generating annual revenue of close to €3 billion, the company plays a key role in quality assurance worldwide. TÜV Rheinland has been a member of the UN Global Compact since 2006, demonstrating its commitment to anti-corruption and sustainability.
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SOURCE TUV Rheinland Greater China
Technology
Unleash Your Edge: ZHITAI Joins Forces with Phantom Blade Zero in Global Strategic Partnership
Published
12 minutes agoon
October 29, 2026By
BEIJING, Oct. 29, 2026 /PRNewswire/ — ZHITAI, the consumer memory brand of YMTC, announced a strategic partnership with Phantom Blade Zero, the highly anticipated AAA action game that has captured global attention. Under the theme “Unleash Your Edge,” the two brands have joined forces to introduce the ZHITAI × Phantom Blade Zero Collaboration Gift Box, combining high-performance memory technology with Eastern wuxia aesthetics to deliver an immersive experience in the Phantom World for gamers around the world.
With its distinctive Kungfu-punk aesthetic and intense, fast-paced combat, Phantom Blade Zero has emerged as one of the year’s most anticipated AAA action titles. The partnership’s theme, “Unleash Your Edge,” draws inspiration from the game’s protagonist, Soul, and his unwavering resolve in the face of adversity. This theme bridges the game’s lightning-fast combat with ZHITAI’s relentless pursuit of peak storage performance—reflecting both Soul’s unyielding conviction and ZHITAI’s dedication to continuous innovation and exploration.
As the official designated global memory partner of Phantom Blade Zero, ZHITAI is committed to providing professional, high-performance storage solutions. Drawing on years of technological expertise, ZHITAI aims to bring gamers worldwide a smooth, responsive storage experience that lets them fully immerse themselves in their martial arts adventures.
To further enhance the experience of exploring the Phantom World, the Collaboration Gift Box houses the ZHITAI TiPlus9100 SSD. Powered by next-gen YMTC Xtacking® 4.0 TLC NAND flash, the TiPlus9100 supports PCIe 5.0 and delivers sequential read speeds of up to 12,000 MB/s and sequential write speeds of up to 10,700 MB/s. Its DRAM-less architecture and single-sided PCB design offer versatile compatibility across gaming laptops, ultrabooks, and DIY desktops. For AAA games such as Phantom Blade Zero, where fast-paced combat and seamless scene transitions are essential to the gaming experience, the TiPlus9100 delivers stable performance under demanding workloads while helping reduce loading times and delays during scene transitions. This allows players to stay focused on every move and every moment of combat, fully immersed in the Phantom World.
Crafted for gamers, the ZHITAI × Phantom Blade Zero Collaboration Gift Box brings the Phantom World to life. Defined by a dark wuxia aesthetic, it offers an immersive unboxing experience—combining high-performance storage, custom setup accessories, and exclusive collectibles. The box houses five custom items adorned with co-branded artwork: a ZHITAI TiPlus9100 SSD with a themed sleeve, a storage box, a screwdriver, a metal sticker, and a lenticular card. By translating the Phantom Blade Zero universe into functional and collectible gear, ZHITAI seamlessly bridges high-performance hardware with the player’s personal gaming space.
From PC hardware to collectible accessories, this collaboration goes beyond bringing together high-performance memory technology and AAA action gaming. It reflects ZHITAI’s ongoing commitment to combining technological innovation with gaming culture. Through its partnership with Phantom Blade Zero, ZHITAI aims to further strengthen its presence among gamers worldwide, bringing advanced memory technology and high-quality products to a broader global audience. Looking ahead, ZHITAI will continue to explore new opportunities across international markets, delivering innovative memory solutions that meet the evolving needs of consumers around the world.
The ZHITAI × Phantom Blade Zero Collaboration Gift Box is coming soon, with further details on its launch date and availability to be announced. Stay tuned to ZHITAI’s official channels for the latest updates.
About ZHITAI
Founded on September 21, 2020, ZHITAI was launched as the flagship consumer brand of YMTC. Born from a passion for innovation and discovery, ZHITAI embodies our commitment to bringing trustworthy, cutting-edge experiences to users worldwide. Powered by a youthful energy and a deeply user-centric approach, we are defined by our long-term vision to constantly redefine what’s possible in memory technology.
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SOURCE ZHITAI
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HFE & AI 2026: TÜV Rheinland Advocates Human Factors Research Across Full Product Development Cycle
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