Latest news with #GLOBE
Associated Press
12-07-2025
- Business
- Associated Press
Diginex Limited Announces 57% Increase in Revenues and Transformed Balance Sheet for Fiscal Year ended March 31, 2025
LONDON, July 11, 2025 (GLOBE NEWSWIRE) -- Diginex Limited ('Diginex' or the 'Company') (NASDAQ: DGNX), a leading provider of Sustainability RegTech solutions, today announced its financial results for the fiscal year ended March 31, 2025. Fiscal Year ended March 31, 2025 Full-Year Highlights: Post Year End Strategic Highlights Management Commentary 'The year ended March 31, 2025 was a transformative period for the Company, marked by the successful completion of our IPO in January 2025, a 57% increase in revenues and strategic agreements signed during the fiscal year to boost future revenues and client acquisition with leading professional firms such as Russell Bedford International and Baker Tilly Singapore. During the year, we also enhanced our product offerings with the introduction of AI-powered compliance solutions, delivering features such as multi-variant drafting, automated risk reduction, future-proofing for evolving regulations, and improved scalability for users of our Sustainability SaaS reporting platform, diginexESG,' said Mark Blick, Chief Executive Officer of Diginex Limited. 'We achieved overall revenue growth, driven in part, by a significant licensing agreement and ongoing demand for our core ESG reporting and supply chain risk management products. At the same time, we deliberately shifted resources to accelerate the development of diginexESG and diginexLUMEN, which positions us well for long-term growth and recurring revenues at the expense of revenues from one-off mandates via customization projects.' 'We also maintained a disciplined approach to cost management. While general and administrative expenses increased year on year, this was primarily due to IPO related professional fees and the fair value adjustment related to the issuance of preferred shares under an anti-dilution clause following an $8 million capital raise in May 2024. We did, however, achieve cost reductions in employee benefits, IT development and maintenance costs, while continuing to deliver on our product road map, and other discretionary spending. These actions demonstrate our commitment to building a sustainable business model and cost structure that supports future profitability while continuing to fund strategic priorities.' 'We're also excited to have signed a memorandum of understanding on March 17, 2025, to pursue a dual listing of our ordinary shares on the Abu Dhabi Securities Exchange,' said Mr. Blick. 'This planned listing is intended to increase exposure of Diginex to regional and international investors, strengthen our relationships in the Gulf Cooperation Council ('GCC') region, and support Abu Dhabi's strategic focus on sustainable finance. We believe this step aligns with our long-term commitment to expand our global presence.' The memorandum of understanding also contemplates a planned capital raise of up to USD$250 million focused on large institutional investors based in the GCC and a strategic alliance to support business growth in Abu Dhabi and the surrounding GCC region.' 'Importantly, we are advancing our strategy to strengthen and diversify our technology and data capabilities through targeted acquisitions,' continued Mr. Blick. 'Following the close of the fiscal year ended March 31, 2025, we signed two memoranda of understanding to acquire Resulticks and Matter, subject to definitive agreements. These transactions, if completed, would meaningfully expand our AI-driven data management and sustainability analytics capabilities globally, supporting our vision of delivering integrated, high-value solutions to clients worldwide. While both agreements remain subject to due diligence, negotiation and finalizing definitive terms, they demonstrate our commitment to disciplined, strategic growth through carefully selected acquisitions. We see powerful synergies with Resulticks in targeted sustainability marketing at scale, bringing in Matter's sustainability data for company benchmarking and supply chain due diligence through diginexLUMEN, and the provision of AI enabled sustainability reporting capabilities with diginexESG.' 'Looking ahead, we have reason for optimism as our Company is on the leading edge of fundamental changes in the data industry that will drive future growth. We remain committed to investing across the Diginex platforms, enhancing our global market presence both organically and through acquisitions, and managing our operations with discipline to deliver long-term value to our shareholders,' Mr. Blick stated. Revenues For the fiscal year ended March 31, 2025, total revenue increased by $0.7 million to $2.0 million, compared to $1.3 million in the prior year. The increase was primarily attributable to a $0.9 million license fee from the granting of a non-exclusive right to distribute a white-label version of diginexESG. Excluding this transaction, revenue from software subscriptions and licenses remained stable at $0.4 million for the year. Subscription and license fees are generated from sales of diginexESG and diginexLUMEN. Revenue from advisory fees increased modestly to $0.3 million, reflecting an improvement of $0.1 million compared to the prior year. Advisory services includes projects such as developing ESG strategies, conducting ESG materiality assessments or conducting training sessions on a range of ESG topics. The increase in total revenue was partially offset by a decline in revenue from customization projects, which decreased by $0.3 million to $0.4 million for the fiscal year ended March 31, 2025. This reduction was an expected outcome of the Company's strategic decision to allocate more resources to the development and expansion of diginexESG and diginexLUMEN, leading to a temporary reduction in the acceptance of customization projects. 'We are focused on building long-term, sustainable growth across all of our service lines,' said Mr. Blick. 'This year's results highlight the strength of our core subscription business and our ability to unlock additional revenue opportunities through strategic agreements and licensing agreements.' General and Administrative Expenses For the fiscal year ended March 31, 2025, general and administrative expenses increased by $1.0 million to $10.3 million, compared to $9.3 million in the prior fiscal year. This increase was primarily driven by higher professional fees associated with the Company's IPO and a share-based payment expense related to preferred shares issued under an anti-dilution clause triggered by a capital raise completed in May 2024. These higher costs were partially offset by reductions in employee benefits, IT development and maintenance support, while continuing to deliver on our product roadmap, and audit fees. Employee benefits decreased by $0.2 million which was the result of reduced costs associated with the fair value of employee share options granted to employees of $0.5 million and a partially offsetting increase in salaries of $0.3 million. Headcount at March 31, 2025 was 32 and included 23 employees and 9 contractors compared to a headcount of 29 at March 31, 2024, which included 22 employees and 7 contractors. Balance Sheet Highlights At March 31, 2025, net assets of $4.6 million represented a transformation and significant improvement from net liabilities of $23.0 million at March 31, 2024. The improvement was driven by the capitalization of shareholder loans and advances, convertible loan notes and redeemable preferred shares. The capitalization events were triggered by the IPO. The Company's cash position of $3.1 million at March 31, 2025, is also higher than the $0.1 million of cash reported at March 31, 2024. The balance sheet at March 31, 2025, held no interest-bearing debt instruments. 'The strengthening of our balance sheet following our IPO marks an important milestone for the company,' concluded Mr. Blick. 'This enhanced financial position gives us the flexibility to invest in growth, pursue strategic initiatives, and deliver sustainable value to our shareholders. We remain committed to disciplined capital management as we expand our operations, strengthen key partnerships, and execute on our long-term vision to drive innovation and create a lasting impact in our industry.' About Diginex Diginex Limited (Nasdaq: DGNX; ISIN KYG286871044), headquartered in London, is a sustainable RegTech business that empowers businesses and governments to streamline ESG, climate, and supply chain data collection and reporting. The Company utilizes blockchain, AI, machine learning and data analysis technology to lead change and increase transparency in corporate regulatory reporting and sustainable finance. Diginex's products and services solutions enable companies to collect, evaluate and share sustainability data through easy-to-use software. The award-winning diginexESG platform supports 19 global frameworks, including GRI (the 'Global Reporting Initiative'), SASB (the 'Sustainability Accounting Standards Board'), and ISSB (IFRS Sustainability Disclosure Standards). Clients benefit from end-to-end support, ranging from materiality assessments and data management to stakeholder engagement, report generation and an ESG Ratings Support Service. For more information, please visit the Company's website: Forward-Looking Statements Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company's current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as 'approximates,' 'believes,' 'hopes,' 'expects,' 'anticipates,' 'estimates,' 'projects,' 'intends,' 'plans,' 'will,' 'would,' 'should,' 'could,' 'may' or other similar expressions. The Company undertakes no obligation to update or revise publicly any 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 and encourages investors to review other factors that may affect its future results disclosed in the Company's filings with the SEC. Diginex Investor Relations Email: [email protected] IR Contact - Europe Anna Höffken Phone: +49.40.609186.0 Email: [email protected] IR Contact - US Jackson Lin Lambert by LLYC Phone: +1 (646) 717-4593 Email: [email protected] IR Contact - Asia Shelly Cheng Strategic Financial Relations Ltd. Phone: +852 2864 4857 Email: [email protected]
Globe and Mail
09-07-2025
- Business
- Globe and Mail
Celestica Q2 2025 Financial Results and Conference Call Tuesday, July 29, 2025
TORONTO, July 09, 2025 (GLOBE NEWSWIRE) -- Celestica Inc.'s (TSX and NYSE: CLS) second quarter 2025 financial results conference call will take place on Tuesday, July 29, 2025. The conference call start time is at 8:00am ET. Celestica's second quarter 2025 financial results will be released after market close on Monday, July 28, 2025. Participants are invited to join the live webcast at the following link. For those unable to participate, a recorded webcast will be available approximately two hours after completion of the call. To access the recorded webcast visit Contact
Globe and Mail
08-07-2025
- Business
- Globe and Mail
Exco Technologies Limited Announces Third Quarter Results on July 30, 2025
TORONTO, July 08, 2025 (GLOBE NEWSWIRE) -- Exco Technologies Limited (TSX – XTC) today announced that it will report its financial results for the third quarter ended June 30, 2025 after the close of business on Wednesday July 30, 2025. Exco's management will hold a conference call to discuss the results on Thursday July 31, 2025 at 10:00 a.m. To access the listen only live audio webcast, please log on to or a few minutes before the event. Those interested in participating in the question-and-answer conference call may register at to receive the dial-in numbers and unique PIN to access the call. It is recommended that you join 10 minutes prior to the event start (although you may register and dial in at any time during the call). For those unable to participate on July 31, 2025, an archived version will be available on the Exco website ( until August 15, 2025. Exco Technologies Limited is a global supplier of innovative technologies servicing the die-cast, extrusion and automotive industries. Through our 21 strategic locations in 9 countries, we employ approximately 5,000 people and service a diverse and broad customer base.
Yahoo
08-07-2025
- Business
- Yahoo
Natural Flavors Dominate with $16.7 Billion Valuation, Reflecting Health-conscious Consumer Trends
The Global Beverage Flavoring System Market, valued at USD 5.7 billion in 2024, is set to expand at a 5.8% CAGR, reaching USD 10 billion by 2034. This growth is driven by changing consumer preferences, innovative technologies, and diverse beverage applications. The demand for natural, clean-label solutions, like botanical infusions and essential oils, is on the rise, aligning with health-conscious trends. Flavoring agents and liquid forms dominate the market, offering consistency and ease of integration. China's leading the Asia-Pacific region, driven by increasing demand for flavored beverages, reinforces the market's dynamic transformation. Beverage Flavoring System Market Dublin, July 08, 2025 (GLOBE NEWSWIRE) -- The "Beverage Flavoring System Market Opportunity, Growth Drivers, Industry Trend Analysis, and Forecast 2025-2034" has been added to Global Beverage Flavoring System Market was valued at USD 5.7 billion in 2024 and is estimated to grow at a CAGR of 5.8% to reach USD 10 billion by 2034. This market is undergoing a dynamic transformation fueled by evolving consumer preferences, innovative technologies, and the increasing diversity of beverage applications. As beverage producers strive to enhance product appeal and differentiate offerings, flavor systems have emerged as a critical component in delivering consistent taste, aroma, and visual impact. Every category within the beverage sector - whether it's soft drinks, functional beverages, or dairy-based drinks - relies heavily on tailored flavoring systems to meet market demands. There is an ongoing shift towards natural and clean-label flavoring solutions, reflecting broader consumer awareness around health and wellness. The rising preference for plant-based, non-GMO, and organically sourced flavor ingredients is encouraging manufacturers to adopt natural components like botanical infusions, essential oils, and fermentation-derived flavors. These elements not only align with current health trends but also support clearer labeling, which further resonates with today's informed consumers. The beverage flavoring system market is driven by constant innovation, increased R&D activity, and heightened competition among global flavor houses. These players are forming strategic collaborations with beverage brands and leveraging new formulation technologies to create unique flavor profiles that stand out in a crowded ingredient type, flavoring agents led the segment with a commanding 54.8% market share in 2024 and are projected to grow at a CAGR of 5.7% through 2034. Their stronghold in the industry stems from their essential role in shaping the sensory characteristics of beverages. These agents are integral to delivering signature taste experiences, meeting consumer demand for authenticity, and elevating product identity. As the appetite for novel and natural taste options continues to grow, flavoring agents are seeing widespread application across both conventional and emerging beverage terms of form, liquid forms accounted for the largest share at 59.8% in 2024 and are anticipated to maintain momentum with a 5.7% CAGR. The success of liquid flavor systems is largely due to their ease of integration, uniform distribution in formulations, and cost-effectiveness. Their adaptability allows manufacturers to respond quickly to changing flavor trends, streamline production processes, and reduce operational costs. Whether it's large-scale manufacturing or small-batch production, liquid flavor systems offer unmatched consistency and processing segmented by origin, the natural flavor segment stood out with a significant valuation of USD 16.7 billion in 2024. This dominance reflects the increasing popularity of health-forward, clean-label beverages. As consumers grow more cautious about synthetic ingredients, natural flavors have gained favor for their transparency, authenticity, and perceived health benefits. Beverage producers are reformulating products to emphasize natural claims, appealing to the wellness-oriented segment. Despite challenges around cost and raw material sourcing, natural flavors are particularly favored in premium and functional beverage categories, reinforcing their leading market on beverage type, non-alcoholic drinks emerged as the largest contributor, holding a market size of USD 3.4 billion in 2024. The strong presence of this segment is attributed to high daily consumption rates, product variety, and a broad consumer base. From hydration products to energy-enhancing formulations, the non-alcoholic category consistently demands innovative flavor solutions to maintain consumer interest. On the other hand, alcoholic beverages, though smaller in market size, are witnessing notable growth fueled by rising demand for premium, flavored alcoholic flavor types, fruit flavors led the category, accounting for USD 1.7 billion in 2024. These flavors continue to dominate due to their natural association with wellness, wide compatibility with various beverage types, and cost-efficiency. The versatility of fruit flavors allows for both standalone applications and complex blends, making them a favorite among manufacturers aiming to deliver unique and refreshing taste China leads the Asia-Pacific beverage flavoring system market with a market value of USD 663.1 million in 2024 and is projected to grow at a CAGR of 5.6% through 2034. The country's large consumer base, urban expansion, and increasing appetite for flavored and functional drinks are fueling this growth. Strong domestic manufacturing capabilities and favorable food safety regulations have further strengthened China's position. As consumer demand continues to shift toward health-conscious and flavor-rich beverage options, China remains a central hub for innovation and production in the flavor system providers are leveraging their technical expertise, diverse product lines, and expansive distribution networks to tap into the growing demand. Their competitive edge lies in their ability to adapt quickly, invest heavily in innovation, and offer consistent quality across multiple Market Analysis and Forecast Industry trends, key growth drivers, challenges, future opportunities, and regulatory landscape Competitive landscape with Porter's Five Forces and PESTEL analysis Market size, segmentation, and regional forecasts In-depth company profiles, business strategies, financial insights, and SWOT analysis Key Attributes: Report Attribute Details No. of Pages 245 Forecast Period 2024 - 2034 Estimated Market Value (USD) in 2024 $5.7 Billion Forecasted Market Value (USD) by 2034 $10 Billion Compound Annual Growth Rate 5.8% Regions Covered Global Key Topics Covered: Market Dynamics Drivers: Challenges: Case Studies: Industry Trends: Opportunities: Company Profiles Givaudan SA International Flavors & Fragrances Inc. (IFF) DSM Symrise AG Sensient Technologies Corporation Kerry Group plc Archer Daniels Midland Company (ADM) Tate & Lyle PLC Cargill, Incorporated MANE SA McCormick & Company, Inc. Takasago International Corporation T. Hasegawa Co., Ltd. Robertet Group Kalsec Inc. For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment Beverage Flavoring System Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900Sign in to access your portfolio
Globe and Mail
08-07-2025
- Business
- Globe and Mail
Enphase Energy Announces Conference Call to Review Second Quarter 2025 Financial Results
FREMONT, Calif., July 08, 2025 (GLOBE NEWSWIRE) -- Enphase Energy, Inc. (NASDAQ: ENPH), a global energy technology company and the world's leading supplier of microinverter-based solar and battery systems, announced today that it will host a conference call and webcast on Tuesday, July 22, 2025 at 4:30 p.m. Eastern Time to discuss its second quarter 2025 financial results for the period ended June 30, 2025. The live webcast can be accessed on the Enphase Energy Investor Relations website at and a recorded version of the call will also be available there approximately one hour after the call. About Enphase Energy, Inc. Enphase Energy, a global energy technology company based in Fremont, CA, is the world's leading supplier of microinverter-based solar and battery systems that enable people to harness the sun to make, use, save, and sell their own power — and control it all with a smart mobile app. The company revolutionized the solar industry with its microinverter-based technology and builds all-in-one solar, battery, and software solutions. Enphase has shipped approximately 81.5 million microinverters, and approximately 4.8 million Enphase-based systems have been deployed in more than 160 countries. For more information, visit ©2025 Enphase Energy, Inc. All rights reserved. Enphase Energy, Enphase, the 'e' logo, IQ, and certain other marks listed at are trademarks or service marks of Enphase Energy, Inc. in the U.S. and other countries. Other names are for informational purposes and may be trademarks of their respective owners. Contact:
