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Oppenheimer Holdings Inc. Reports Second Quarter 2026 Earnings

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New York, July 31, 2026 /CNW/ — Oppenheimer Holdings Inc. (NYSE: OPY) (the “Company” or “Firm”) today reported net income of $27.4 million or $2.55 basic earnings per share for the second quarter of 2026, compared with net income of $21.7 million or $2.06 basic earnings per share for the second quarter of 2025. Revenue for the second quarter of 2026 was $454.9 million, an increase of 21.9%, compared with revenue of $373.2 million for the second quarter of 2025. Year to date revenue totaled $900.0 million, compared with $741.0 million for the same period in 2025. Net income for the six months ended June 30, 2026 was $6.8 million or $0.63 basic earnings per share, compared with net income of $52.3 million or $4.99 basic earnings per share for the same period in 2025.

Second quarter 2026 results were impacted by a $24.9 million pre-tax expense associated with an employee compensation program for financial advisors that is directly tied to the OPY stock price, which increased by $16.35 per share of Class A Stock during the quarter (from $89.19 to $105.54). The Company changed the program formula beginning in 2026 to reduce the number of grants awarded, although it will take several years for the impact of the revised program formula to be fully reflected. Adjusted net income (a), a non-GAAP measure which excludes the impact of this item, was $45.7 million or $4.27 adjusted basic earnings per share for the second quarter of 2026, compared with $27.8 million or $2.64 adjusted basic earnings per share for the second quarter of 2025. For the six months ended June 30, 2026, adjusted net income (a), which also excludes the $70 million pre-tax legal accrual related to the settlement of the Company’s “cash sweep” litigation recorded in the first quarter of 2026, was $93.2 million or $8.73 adjusted basic earnings per share, compared with $56.4 million or $5.38 adjusted basic earnings per share for the same period in 2025. Management believes these non-GAAP measures provide supplemental insight into the Company’s core operating performance.

Robert S. Lowenthal, President and CEO commented, “Favorable market conditions during the second quarter of 2026 helped drive the strong operating performance of our core businesses, although reported results were significantly and negatively impacted by the higher compensation expense related to stock appreciation rights for financial advisors. Equity markets registered their best quarterly performance in six years, supported by strong corporate earnings, sustained momentum in A.I. and improving sentiment around potential de-escalation in the Middle East. While renewed concerns around interest rates and A.I. valuations emerged toward quarter-end, markets largely absorbed these pressures and remained resilient. Overall, our business performed solidly during the second quarter and first half of the year. For the six months ended June 30, 2026, we reported adjusted net income (a) (non-GAAP) of $93.2 million, or $8.73 adjusted basic earnings per share (non-GAAP), reflecting the continued momentum across our Wealth Management and Capital Markets businesses.

In Wealth Management, we delivered strong operating results, driven by higher commission revenue from increased retail trading levels and increased advisory fees reflecting record assets under management (“AUM”) largely driven by market appreciation. Reported pre-tax results, however, were partially offset by lower sweep revenue.  In Capital Markets, we saw strong performance driven by increased investment banking activity–which included a balance of both advisory and underwriting transactions–along with higher sales and trading revenue in both Equities and Fixed Income amid elevated market volatility.

We ended the quarter with a strong balance sheet and ample capital, positioning us to continue investing in our platform and capabilities. We are focused on attracting and retaining high-quality talent to support our growth initiatives and remain confident in the strength and resiliency of our businesses as we continue to deliver value to our clients and shareholders.”

Summary Operating Results (Unaudited)

(‘000s, except per share amounts or otherwise indicated)

Firm

2Q-26

2Q-25

Revenue

$ 454,876

$ 373,178

Compensation expenses

$ 307,141

$ 239,074

Non-compensation expenses

$ 108,290

$ 101,894

Pre-tax income

$   39,445

$  32,210

Income tax provision

$   12,094

$  10,536

Net income (1)

$   27,351

$  21,674

Adjusted net income (Non-GAAP) (1)(a)

$   45,713

$  27,781

Earnings per share (Basic) (1)

$       2.55

$      2.06

Adjusted earnings per share (Basic) (Non-GAAP) (1)(a)

$       4.27

$      2.64

Earnings per share (Diluted) (1)

$       2.38

$      1.91

Adjusted earnings per share (Diluted)

(Non-GAAP)  (1)(a)

$       3.98

$      2.45

Book value per share

$     91.84

$    85.27

Tangible book value per share (2)

$     75.19

$    68.25

Wealth Management

Revenue

$ 272,671

$ 246,421

Pre-tax income

$   55,654

$   62,834

AUA (billions)

$     154.7

$     138.4

AUM (billions)

$       59.4

$       52.8

Capital Markets

Revenue

$ 179,163

$ 122,981

Pre-tax income (loss)

$   22,542

$   (3,864)

(1) Attributable to Oppenheimer Holdings Inc.

(2) Represents book value less goodwill and intangible assets divided by number of shares outstanding.

Highlights

Revenue increased in the second quarter of 2026 primarily due to stronger investment banking performance, driven by advisory fees, along with increased transaction-based commissions and advisory fees attributable to growth in billable assets under management (“AUM”)Rising equities markets drove AUM and assets under administration (“AUA”) to record levels at June 30, 2026Compensation expenses increased compared with the prior year quarter primarily due to higher stock appreciation rights expense resulting from a rise in the Company’s share price as well as higher production-related costs and incentive compensation accrualsNon-compensation expenses increased modestly when compared with the prior year quarter, driven primarily by increases in legal fees and technology-related expenses

Wealth Management

Wealth Management reported revenue for the current quarter of $272.7 million, 10.7% higher compared with the prior year period. Pre-tax income was $55.7 million in the current quarter, a decrease of 11.4% compared with the prior year period. Financial advisor headcount at the end of the current quarter was 934, compared with 927 at the end of the second quarter of 2025.

(‘000s, except otherwise indicated)

2Q-26

2Q-25

Revenue

$ 272,671

$ 246,421

Commissions

$   59,311

$   54,788

Advisory fees

$ 145,549

$ 125,610

Bank deposit sweep income

$   24,955

$   28,654

Interest

$   21,921

$   21,943

Other

$   20,935

$   15,426

Total expenses

$ 217,017

$ 183,587

Compensation

$ 164,514

$ 132,291

Non-compensation

$   52,503

$   51,296

Pre-tax income

$  55,654

$  62,834

Compensation ratio

60.3 %

53.7 %

Non-compensation ratio

19.3 %

20.8 %

Pre-tax margin

20.4 %

25.5 %

AUA (billions)

$    154.7

$    138.4

AUM (billions)

$      59.4

$      52.8

Cash sweep balances (billions)

$        2.8

$        2.8

Revenue

Retail commissions increased 8.3% from the prior year period primarily due to elevated retail trading activityAdvisory fees increased 15.9% due to higher AUM during the billing periodBank deposit sweep income decreased $3.7 million from a year ago due to lower short-term interest ratesOther revenue increased 35.7% from a year ago due primarily to an increase in the cash surrender value of Company-owned life insurance policies, which fluctuates based on changes in the fair value of the policies’ underlying investments and greater death benefit insurance proceeds

AUM

AUM reached a record high of $59.4 billion at June 30, 2026, which is the basis for advisory fee billings for July 2026The $6.6 billion increase in AUM from the prior year period was comprised of higher asset values of $9.4 billion on existing client holdings, offset by net distributions of $2.8 billion

Total Expenses

Compensation expenses increased 24.4% from the prior year period primarily due to higher production-related costs and increased share appreciation rights expense ($24.9 million, compared with $8.3 million in the prior year period and $47.2 million for the six months ended June 30, 2026 compared with $5.5 million for the same period in 2025)Non-compensation expenses increased modestly compared to the prior year period

Capital Markets

Capital Markets reported revenue for the current quarter of $179.2 million, 45.7% higher when compared with the prior year period. Pre-tax income was $22.5 million compared with a pre-tax loss of $3.9 million in the prior year period.

(‘000s)

2Q-26

2Q-25

Revenue

$ 179,163

$ 122,981

Investment Banking

$   81,549

$   43,394

Advisory fees

$   58,136

$   22,487

Equities underwriting

$   17,849

$   12,225

Fixed income underwriting

$     4,794

$     6,062

Other

$        770

$     2,620

Sales and Trading

$   96,600

$   78,904

Equities

$   55,067

$   39,953

Fixed income

$   41,533

$   38,951

Other

$    1,014

$        683

Total expenses

$ 156,621

$ 126,845

Compensation

$ 109,872

$   80,610

Non-compensation

$   46,749

$   46,235

Pre-tax income (loss)

$   22,542

$    (3,864)

Compensation ratio

61.3 %

65.5 %

Non-compensation ratio

26.1 %

37.6 %

Pre-tax margin

12.6 %

(3.1) %

Revenue:

Investment Banking

Advisory fees earned from investment banking activities increased 158.5% compared with the prior year period primarily reflecting the successful closing of transactions in the financial institutions sector that carried larger associated fees as well as an increase in overall transaction closingsEquities underwriting fees increased 46.0% when compared with the prior year period due to higher underwriting volumes, led by strong activity in the healthcare sectorFixed income underwriting fees decreased 20.9% from the prior year period, primarily driven by lower sovereign issuance volumes

Sales and Trading

Equities sales and trading revenue increased 37.8% compared with the prior year period mostly due to higher trading volumes and growth in options-related commission revenueFixed income sales and trading revenue increased modestly compared with the prior year period primarily due to higher levels of market volatility

Total Expenses:

Compensation expenses increased 36.3% compared with the prior year period largely due to higher incentive compensation accrualsNon-compensation expenses were flat compared with the prior year period

Other Matters

(In millions, except number of shares and per share amounts)

2Q-26

2Q-25

Capital

Stockholders’ equity (1)

$    983.4

$    896.9

Regulatory net capital (2)

$    444.8

$    408.9

Regulatory excess net capital (2)

$    400.5

$    382.2

Common stock repurchases

Repurchases

$         —

$        0.6

Number of shares

9,855

Average price

$         —

$    58.89

Period end shares

10,708,005

10,517,924

Effective tax rate

30.7 %

32.7 %

(1) Attributable to Oppenheimer Holdings Inc.

(2) Attributable to Oppenheimer & Co. Inc., a registered broker-dealer and wholly owned subsidiary of Oppenheimer Holdings Inc.

The Board of Directors announced a quarterly dividend of $0.20 per share payable on August 28, 2026 to holders of Class A non-voting and Class B voting common stock of record on August 14, 2026Compensation expense as a percentage of revenue was higher at 67.5% during the current period versus 64.1% during the prior year period largely due to higher costs associated with stock appreciation rightsThe effective tax rate for the current period was 30.7%, lower when compared with 32.7% for the prior year period primarily due to fewer nondeductible foreign losses during the current period

Note
(a) Represents a non-GAAP measure; refer to the schedule on page 7 for additional explanation of non-GAAP financial measures and a reconciliation of adjusted net income and earnings per share to U.S. GAAP.

Company Information

Oppenheimer Holdings Inc., through its operating subsidiaries, is a leading middle market investment bank and full-service broker-dealer that is engaged in a broad range of activities in the financial services industry, including retail securities brokerage, institutional sales and trading, investment banking (corporate and public finance), equity and fixed income research, market-making, trust services, and investment advisory and asset management services. With roots tracing back to 1881, the Company is headquartered in New York and has 88 retail branch offices in the United States and institutional businesses located in London, Tel Aviv, and Hong Kong.

Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements in this release include, but are not limited to, statements regarding the Company’s future financial performance, business strategy, growth initiatives, market conditions, and ability to attract and retain talent. These statements are based on management’s current expectations and beliefs and are subject to a number of risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. Factors that could cause actual results to differ include, but are not limited to: changes in general economic and market conditions; fluctuations in interest rates; changes in securities markets and trading volumes; the impact of current and future regulations; competition in the financial services industry; the Company’s ability to attract and retain key personnel; litigation and regulatory matters; and other factors described in Part 1A – Risk Factors in the Company’s Annual Report on Form 10-K for the year ended December 31, 2025, and in subsequent filings with the Securities and Exchange Commission. The Company undertakes no obligation to update or revise any forward-looking statements to reflect events or circumstances after the date of this press release, except as required by applicable law.

Oppenheimer Holdings Inc.

Consolidated Income Statements (Unaudited)

(‘000s, except number of shares and per share amounts)

For the Three Months Ended

June 30,

For the Six Months Ended

June 30,

2026

2025

% Change

2026

2025

% Change

Revenue

Commissions

$   127,538

$   110,025

15.9

$   255,879

$   220,903

15.8

Advisory fees

145,565

125,628

15.9

287,283

254,431

12.9

Investment banking

84,332

43,533

93.7

182,052

91,156

99.7

Bank deposit sweep income

24,955

28,654

(12.9)

51,073

58,729

(13.0)

Interest

39,293

38,017

3.4

76,824

74,386

3.3

Principal transactions, net

16,239

14,532

11.7

27,026

23,507

15.0

Other

16,954

12,789

32.6

19,834

17,891

10.9

Total revenue

454,876

373,178

21.9

899,971

741,003

21.5

Expenses

Compensation and related expenses

307,141

239,074

28.5

603,142

466,165

29.4

Communications and technology

27,836

26,204

6.2

54,402

52,386

3.8

Occupancy and equipment costs

15,507

15,578

(0.5)

31,282

31,587

(1.0)

Clearing and exchange fees

7,969

7,041

13.2

14,330

14,793

(3.1)

Interest

19,882

22,529

(11.7)

38,568

43,925

(12.2)

Other

37,096

30,542

21.5

145,803

58,561

149.0

Total expenses

415,431

340,968

21.8

887,527

667,417

33.0

Pre-tax income

39,445

32,210

22.5

12,444

73,586

(83.1)

Income tax provision

12,094

10,536

14.8

5,662

21,257

(73.4)

Net income

$     27,351

$     21,674

26.2

$      6,782

$     52,329

(87.0)

Less: Net income attributable to noncontrolling interest, net of tax

9

       *

Net income attributable to Oppenheimer Holdings Inc.

$     27,351

$     21,674

26.2

$      6,773

$     52,329

(87.1)

Earnings per share attributable to Oppenheimer Holdings Inc.

Basic

$        2.55

$        2.06

23.8

$        0.63

$        4.99

(87.4)

Diluted

$        2.38

$        1.91

24.6

$        0.60

$        4.63

(87.0)

Weighted average number of common shares outstanding

Basic

10,708,005

10,520,219

1.8

10,675,637

10,493,145

1.7

Diluted

11,483,286

11,349,049

1.2

11,380,760

11,308,979

0.6

Period end number of common shares outstanding

10,708,005

10,517,924

1.8

10,708,005

10,517,924

1.8

 * Percentage not meaningful

Explanation of Non-GAAP Financial Measures

The Company included certain non-GAAP financial measures within this Earnings Release to supplement the U.S. Generally Accepted Accounting Principles (“GAAP”) financial information. Adjusted results begin with information prepared in accordance with U.S. GAAP, and such results are adjusted to exclude, or include, certain items. Specifically, we included non-GAAP measures that adjust the Company’s net income and earnings per share to exclude compensation expense related to the recurring, mark-to-market remeasurement of liability-based stock appreciation rights from net income and earnings per share because the period-to-period variability in this expense is largely driven by factors outside the Company’s direct control, including changes in the fair value of and underlying volatility levels in Oppenheimer Holdings Inc.’s Class A common stock price.

The non-GAAP measures presented also exclude the expense associated with the settlement of the class action “cash sweep” litigation in the first quarter of 2026 because management does not view this as ordinary-course litigation for the Company given the nature of the claims and the manner in which the action was brought. 

The Company believes that these non-GAAP financial measures provide additional useful information for investors because they permit investors to view the Company’s financial performance measures on a basis consistent with how management views the operating performance of the Company. These non-GAAP financial measures, when presented in conjunction with comparable U.S. GAAP measures, are also useful to investors when comparing the Company’s results across different financial reporting periods on a consistent basis. However, these non-GAAP financial measures have limitations as analytical tools and should not be considered in isolation from, or as a substitute for, or superior to, the analysis of the Company’s results as reported under U.S. GAAP. Other companies may calculate similarly titled non-GAAP measures differently, which may limit their usefulness for comparative purposes. Investors are encouraged to review the reconciliation of these non-GAAP financial measures to their most directly comparable U.S. GAAP measures included in this press release.

The following tables reconcile our non-GAAP financial measures to their respective U.S. GAAP measures.

Net Income Attributable to Oppenheimer Holdings Inc. and Earnings Per Share U.S. GAAP Reconciliation

Reconciliation of net income attributable to Oppenheimer Holdings Inc. to adjusted net income attributable to Oppenheimer Holdings Inc., reconciliation of basic earnings per share to adjusted basic earnings per share, and reconciliation of diluted earnings per share to adjusted diluted earnings per share are as follows:

(‘000s, except per share amounts)

For the Three Months Ended

For the Six Months Ended

June 30, 2026

June 30, 2025

June 30, 2026

June 30, 2025

Net income attributable to Oppenheimer Holdings Inc. (U.S. GAAP)

$      27,351

$      21,674

$       6,773

$      52,329

Non-GAAP adjustments:

Class action sweep litigation settlement

70,000

Liability-based stock appreciation rights expense

24,894

8,281

47,179

5,539

Tax impact of non-GAAP adjustments (1)

(6,532)

(2,174)

(30,748)

(1,454)

Adjusted net income attributable to Oppenheimer Holdings Inc. (Non-GAAP)

$      45,713

$      27,781

$      93,204

$      56,414

Basic earnings per share (U.S. GAAP)

$         2.55

$         2.06

$         0.63

$         4.99

Impact of non-GAAP adjustments

1.72

0.58

8.10

0.39

Adjusted basic earnings per share (Non-GAAP)

$         4.27

$         2.64

$         8.73

$         5.38

Diluted earnings per share (U.S. GAAP)

$         2.38

$         1.91

$         0.60

$         4.63

Impact of non-GAAP adjustments

1.60

0.54

7.59

0.36

Adjusted diluted earnings per share (Non-GAAP)

$         3.98

$         2.45

$         8.19

$         4.99

Weighted average shares outstanding

Basic (U.S. GAAP and Non-GAAP)

10,708,005

10,520,219

10,675,637

10,493,145

Diluted (U.S. GAAP and Non-GAAP)

11,483,286

11,349,049

11,380,760

11,308,979

(1) The tax impact is estimated using the statutory rates for the applicable entities

View original content:https://www.prnewswire.com/news-releases/oppenheimer-holdings-inc-reports-second-quarter-2026-earnings-302839555.html

SOURCE Oppenheimer Holdings Inc.

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

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

Stellar AI WAN for Intelligent Connectivity

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

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

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

Stellar AI WAN for Security

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

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

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

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

SOURCE Huawei

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

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

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

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

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

A Seamless, Secure Purchasing Journey

This approach is intended to make physical gold easier to access and manage for customers who value clarity, convenience and the option of delivery. Rather than requiring customers to begin with a larger bar, complete an entirely offline purchase or arrange storage independently, FinMet.sg brings the principal stages of gold ownership into one online platform designed for use in Singapore. Gold purchased through the platform is professionally vaulted in Singapore, and customers can request physical delivery within Singapore once their holdings reach 10 grams.

The customer journey incorporates services that people in Singapore already use and recognise, including Singpass for identity verification and PayNow for payment. This straightforward online process includes:

Accessible Entry: Customers purchase gold in whole-gram quantities, beginning at one gram.Transparent Pricing: Before confirming a transaction, customers review the live price per gram in Singapore dollars and the total amount payable. Clear Ownership: Once a purchase is completed, legal title to the corresponding physical gold passes to the customer, reflected immediately in their platform balance.Flexible Management: Customers can hold, purchase more, sell through the platform, or request physical delivery within Singapore once their holding reaches 10 grams.

How Does FinMet.sg Make Physical Gold More Affordable?

FinMet.sg’s direct-to-consumer model reduces the overheads associated with operating a conventional network of brick-and-mortar stores. These efficiencies are passed on to customers, helping make physical gold more affordable and accessible while retaining professional vaulting and the option of physical delivery or collection.

“We took a customer-first approach to make the buyer’s entry into gold ownership the easiest part of the experience,” says Anirudh Menon, Co-Founder and CEO of FinMet Technologies.

“Price matters, but affordability should not come at the expense of clear ownership,” adds Sunil Kashyap, Managing Director of FinMet Pte. Ltd. “Gold that is identifiable rather than held within an undifferentiated pool gives customers greater clarity over what they own and makes taking physical delivery more straightforward.”

Professional Vaulting and Uncompromised Purity

The physical gold is held in the form of 99.99% pure, Swiss-made CombiBars. These physical bullion bars are individually minted into individual one-gram segments that can be separated without reducing their stated metal weight or purity. This structure supports FinMet.sg’s whole-gram ownership model while retaining a clear connection between the quantity shown on the platform and the underlying physical asset.

The gold is professionally vaulted in Singapore by Helveticor, an international Swiss-based provider of security logistics, storage and transportation services. Helveticor provides the professional vaulting arrangement, while FinMet.sg provides the website through which customers purchase, view and manage their gold.

Designed for Ease of Use

Ease of use was treated as a product requirement rather than a secondary design consideration. The customer journey was developed to present the essential information clearly, from the quantity and price of a purchase to the customer’s current holdings and delivery eligibility.

The team behind FinMet.sg developed the platform with a clear understanding that trust must extend beyond the gold itself to every part of the customer experience. The aim was to create a service that feels straightforward and familiar to people in Singapore, including those purchasing physical gold for the first time.

“This is a platform that I wanted to make sure my mother could use without anyone else’s help,” says Anirudh Menon, Co-Founder and CEO of FinMet Technologies. “That was my benchmark for success in the user experience.”

For customers unfamiliar with physical gold, practical considerations—such as deciding how much to buy, understanding purity, arranging storage, and determining resale options—can make an initial purchase difficult to navigate. FinMet.sg addresses these barriers through a one-gram starting quantity, professional vaulting, and an online management platform.

FinMet Group’s leadership brings decades of experience in the global precious metals market.

“Gold has always been trusted. What has been missing is an experience that matches that trust with the standards people now expect from any financial platform. That is what FinMet.sg is built on,” noted Sunil Kashyap, Managing Director, FinMet Pte. Ltd.

Commitment to Industry Standards

FinMet follows the Seven Retail Gold Investment Principles developed by the World Gold Council, covering areas such as fairness, transparency, protection of customer assets and regulatory compliance. The company clarifies that adherence to the framework does not amount to certification or endorsement by the World Gold Council.

FinMet Pte. Ltd. is also an Associate Corporate Member of the Singapore Bullion Market Association (SBMA), reinforcing the company’s connection to Singapore’s professional bullion-market community.

FinMet Pte. Ltd. is registered under Singapore’s Precious Stones and Precious Metals Act as a regulated dealer. Regulation by Singapore’s Ministry of Law is for anti-money laundering and countering terrorism financing purposes only, and does not constitute product endorsement.

As a precious-metals dealer—not a bank or MAS-licensed financial institution—FinMet does not accept deposits or provide financial advice. Gold prices can fluctuate, and customers should review all applicable terms before completing a transaction.

Further information is available at https://finmet.sg/.

About FinMet Group

FinMet is a precious metals advisory and technology group operating in Singapore, UAE and other international markets. Its activities span precious metals consulting, product development, sector-specific technology solutions and partnerships with industry associations across the global precious metals ecosystem. FinMet Technologies Pvt. Ltd., the Group’s technology arm, was named Best Financial Technology Company in Gold of the Year 2025–26 at the India Gold Conference (IGC) 2026 in Goa.

About FinMet Pte. Ltd.

FinMet Pte. Ltd. is a Singapore-registered precious-metals dealer and the operator of FinMet.sg, a platform through which customers in Singapore can purchase and manage physical gold. The platform offers whole-gram purchases from one gram, online holdings management, buying and selling subject to applicable terms, professional vaulting in Singapore and physical delivery from 10 grams.

UEN: 202022529N Registered address: 160 Robinson Road, #14-04, Singapore Business Federation Center, Singapore 068914 Website:https://finmet.sg/

100-Word Media Summary

FinMet Pte. Ltd. has launched FinMet.sg, a fully transactional platform created for customers in Singapore seeking a simpler way to purchase and manage physical gold. Operated by a Singapore-registered company, it combines FinMet Group’s international precious-metals experience with familiar local services, including Singpass and PayNow. Customers can purchase 99.99% pure, Swiss-made gold from one gram, monitor their holdings, and buy or sell through the platform. The gold is held as physical CombiBars and professionally vaulted in Singapore by Helveticor. Physical delivery within Singapore is available from 10 grams. Ease of use was central to the platform’s development.

Five Key Facts for Journalists

FinMet.sg launched on 2 September 2026 as a Singapore-based platform created specifically for customers in Singapore and operated by Singapore-registered FinMet Pte. Ltd.The website is fully transactional, with purchases beginning from one gram.Customers purchase 24 karat, 99.99% pure, Swiss-made physical gold.Holdings are reflected in physical CombiBars professionally vaulted in Singapore by Helveticor.Customers can monitor, buy or sell through the platform and request physical delivery from 10 grams, subject to applicable terms.

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SOURCE FinMet Pte. Ltd.

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

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Rohini and Nandan Nilekani-supported Apurva.ai evolves Apurva LENS from a knowledge workspace into a platform for cross-organisational learning and collaboration Apurva LENS is open for practitioners and organisations to explore and experience its capabilities firsthand

BENGALURU, India, Sept. 21, 2026 /PRNewswire/ — Apurva.ai, an AI-enabled public-good digital infrastructure working with over 50 global organisations, today announced a new platform model for Apurva LENS, extending it from a product that helps individual organisations work with their knowledge to a platform that enables knowledge to travel across the wider development ecosystem. Apurva LENS is already being used and tested by organisations addressing complex social challenges across the Global South and beyond.

Apurva.ai is a unit of C4EC Foundation, co-founded by Nilekani Philanthropies to support change leaders working to respond to complex social challenges with speed, at scale, and sustainably.

As social and development challenges grow in scale and complexity, no single organisation has all the knowledge or answers needed to respond effectively. There is a growing need for ways to bring together what different actors and communities know, make sense of it collectively, and respond at scale.

Apurva LENS, part of a suite of AI-enabled products, was designed to help actors across the development ecosystem, including funders, governments, NGOs and change leaders, make sense of knowledge that often remains siloed across research, evaluations, programme experience and conversations. At its core are the voices and lived experiences of communities, so that those closest to a problem can help shape what happens next. Today, Apurva LENS has helped surface more than half a million voices and perspectives from across the development ecosystem in the Global South.

The new platform model transforms Apurva LENS from an organisation-level product into a platform for cross-organisational learning and collaboration. Multiple actors across an ecosystem can now learn from knowledge made available by each other, while retaining control over what they keep private and what they choose to share. This allows learning generated in one part of an ecosystem to become useful elsewhere, without losing its context or ownership.

The shift reflects a larger premise behind Apurva LENS: as AI makes more knowledge available, the challenge is no longer simply accessing information but making sense of it. By bringing together research, evidence, and organisational learning with the voices and lived experiences of communities from the outset, Apurva LENS enables a more bottom-up approach where those closest to a problem help shape how it is understood and how solutions are designed. This approach is already being explored across different development contexts.

SELCO Foundation initially used Apurva LENS to bring together organisational knowledge spanning archival information, everyday conversations and sector-focused assets, enabling teams to query it, surface patterns and synthesise insights. The collaboration has since extended beyond SELCO Foundation through the Platform for Collective Wisdom (PCW), an initiative enabled by Apurva.ai. PCW brings together community voices, practitioner perspectives and institutional knowledge across the development sector, allowing knowledge that would otherwise remain siloed to be connected and built upon across the wider ecosystem.Resilience Action Network Africa (RANA) used Apurva LENS to organise, analyse and synthesise community dialogues and research across Kenya, Uganda, Sierra Leone and South Africa, spanning climate resilience, health, livelihoods, food systems, gender, governance and financing. The work helped surface themes across countries while reinforcing an important principle: AI-assisted analysis was most useful when combined with human contextual judgment grounded in local realities, political economy and systems dynamics.In Brazil, Museu da Pessoa, one of the world’s earliest virtual museums, has built an archive of 20,000 life stories and approximately 11,000 hours of recorded material, capturing experiences across generations, regions and communities. Using Apurva LENS, the team prototyped a subset of voices to explore experiences around longevity, surfacing patterns and differences across individual life stories. The work points to a larger opportunity: turning a vast archive into living, accessible knowledge, that enables insights rooted in local experience to travel across languages and geographies and inform understanding far beyond where those stories originated.Rare’s Fish Forever works with fishers, local leaders, governments, funders and NGOs across Central and South America, Africa and Asia-Pacific to restore coastal fisheries and enable communities to manage them sustainably. As the programme expanded, knowledge accumulated across reports, presentations, field notes, chats and informal conversations. Fish Forever brought in Apurva LENS to help organise this collective knowledge, enabling teams to connect what they know with what they are learning and how conditions are changing. Its longer-term ambition is a living knowledge ecosystem where new insights from communities can continually inform learning across the programme.

Aggrey Aluso, Executive Director, Resilience Action Network Africa (RANA), said, “Working across countries, communities and interconnected development challenges, we see firsthand how knowledge can remain fragmented across programmes, partners and contexts. Our work with Apurva LENS has shown the value of bringing community voices together with research and systems knowledge to see connections that would otherwise be difficult to surface. The opportunity of a platform approach is to take this further, enabling learning to travel across actors and ecosystems while retaining the local context that gives it meaning. AI can help make those connections, but human judgment remains essential to understanding and acting on them.”

Dr. Harish Hande, CEO, SELCO Foundation, said, “Some of the most valuable learning comes from communities and practitioners solving real problems every day, yet those experiences rarely travel far enough. When they can be connected across organisations and geographies, we can build on what has already been learned rather than repeatedly starting from scratch. Our work with Apurva.ai is about creating that possibility at scale, while ensuring that community knowledge and lived experience remain at the heart of how solutions are shaped.”

Nandan Nilekani, Co-Founder and Chairman, Infosys and Chairman of EkStep Foundation, said, “AI’s real opportunity is to make intelligence useful at scale, across varied societal contexts. India has shown how open infrastructure can enable ecosystems whose impact can extend far beyond its borders. Apurva.ai is bringing that thinking to knowledge – connecting research, organisational learning and community experience so that insights can travel across organisations and geographies. I hope more organisations will join us to explore what we can build together.”

Anand Rajan, Co-Founder and Mission Leader, Apurva.ai, said, “The development sector does not lack knowledge. It already exists across organisations, research, programmes and, importantly, within communities themselves. The challenge is turning all of this into understanding that people can act on. With Apurva LENS becoming a platform, we are moving from helping individual organisations make their knowledge work for them to asking what becomes possible when that knowledge can travel across an ecosystem. AI can help us make sense of this complexity at a scale that was not possible before. But judgment, context and action remain fundamentally human.”

Apurva LENS is open for practitioners and organisations to explore and experience its capabilities firsthand. The experience brings to life a question at the heart of Apurva.ai’s approach: What if communities were not simply the recipients of solutions, but helped shape them from the start?

About Apurva.ai

Apurva.ai is a public-good, sense-making infrastructure for systems change. Through its AI-powered suite of products, it enables change leaders and organisations to unlock the collective wisdom within their networks by connecting community voices and lived experiences with knowledge from across the wider ecosystem. With communities at the centre, Apurva.ai helps surface connections, build shared understanding and enable more contextually relevant action on complex social challenges. Its suite of products supports a continuous cycle of listening, learning and acting, helping ecosystems move from fragmented knowledge towards collective understanding and systemic change. Apurva.ai is a unit of C4EC Foundation

For more on Apurva.ai visit: https://apurva.ai/about-us/

 

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