Saturday, August 9, 2025

iCAUR Brand Launches in Dubai with Global Debut of V27 & 03T SUVs and Ambitious GCC Expansion Plan


 Dubai, United Arab Emirates 

Chery Group officially launched its new brand, “iCAUR”, in Dubai, marking a significant strategic push into the Middle East. The debut featured the global unveiling of two key SUV models, “V27 & 03T” and outlined ambitious expansion plans for the middle east region.


 


iCAUR V27 & 03T: Hybrid Innovation Meets J-Style Design Philosophy


 


At the launch, two new SUV models - the iCAUR V27 and iCAUR 03T were unveiled with technical specifications confirming their adoption of advanced range-extender Hybrid powertrains designed to optimize performance and driving range. Visually, the V27 and 03T emphasize a distinctive, boxy silhouette - a core element of iCAUR's "J-Style" design philosophy. This approach is explicitly tailored to resonate with style-conscious and youthful Middle Eastern buyers seeking standout presence.


As iCAUR's first mid-to-large SUV, the V27 REEV blends retro aesthetics with modern technology, creating a striking visual identity defined by rugged character. Measuring over 5 meters in length and nearly 2 meters in both width and height, this model conveys a firm stance. The V27 also offers exceptional range performance, eliminating anxiety on long journeys. Its golden REEV powertrain ensures stable, consistent power delivery, even in complex terrain conditions.


The iCAUR 03T REEV is a smart boxy SUV equipped with a class-leading i-AWD system. It dynamically adjusts power distribution for optimum traction and stability. Featured a pioneering all-aluminum multi-cavity cage body and a comprehensive active safety system includes 11 active safety features, the 03T REEV model is aimed to offer a worry-free drive where enjoyment takes the front seat.


 


Brand Launch: Modular Design and AI-Robotics Driven New Ecosystem Model


 


This launch event unveiled the customization ecosystem of iCAUR featuring three core configurations (pickup, convertible, space exploration) with technical specifications including quick-release fenders, LEGO-inspired brake lamp assemblies, and 100+ plug-and-play accessories via standardized interfaces. The demonstration also integrated the AiMOGA humanoid AI robot's operational capabilities across smart mobility and lifestyle scenarios, presenting a prototype framework for personalized automotive adaptation. This platform establishes iCAUR's strategic positioning youth-oriented EV market through scalable hardware architecture and AI-enabled interface solutions. It will meet the demand of consumers in the Middle East for personalized products and intelligent lifestyle.


 


Middle East Market Expansion: Regional Partnerships Align with Grand GCC Vision


 


During the event, Mr. Zhang Xiaolong, General Manager of Chery International Middle East, outlined iCAUR’s aggressive regional roadmap. The brand has secured cooperation intentions with three leading distributors, laying the groundwork for rapid market penetration. Initial rollouts will target UAE, Qatar, and Bahrain by late 2025, with plans to expand across the middle east nations.


“Our goal is to make iCAUR the most desirable automotive brand in the Middle East,” stated Mr. Zhang. “We aim to cultivate a vibrant, culturally attuned community that celebrates individuality and cutting-edge design.”


According to official data, by the end of June 2025, Chery Group had cumulatively exported 5 million vehicles to overseas markets, making it the first Chinese automaker to achieve this milestone. As a key component of the group's global strategy, the iCAUR brand will focus on the Middle East as its core market, offering consumers a new and innovative travel experience.


 


About iCAUR:


 


iCAUR is an all-new brand developed by Chery Group, born for the global market. Backed by Chery’s deep manufacturing heritage and cutting-edge innovation, iCAUR targets the young and young at heart with its integrated "Category + Ecosystem + Culture" model.


In collaboration with ecosystem partners, the brand is developing a comprehensive service system, launching a diverse range of premium offerings, and establishing a global community network—thus transforming from a pure automobile manufacturer into a global ecological integrator driven by “Made-in-China” intelligence. The Dubai launch serves as a pivotal milestone in iCAUR’s regional commitment and global expansion strategy, leveraging “Made-in-China” innovation to connect with worldwide users and embody its “Born to Play” brand spirit.



Permalink

https://www.aetoswire.com/en/news/8082025483544


Contacts

Namita Thakkar


namita@matrixdubai.com

Friday, August 8, 2025

Megaport Surpasses 1,000 Enabled Locations Worldwide

 BRISBANE, Australia - Friday, 08. August 2025 AETOSWire 



Megaport now provides access from 10% of all data centres worldwide, making it the world’s leading Network as a Service provider.


(BUSINESS WIRE) -- Megaport Limited (ASX: MP1) (“Megaport”), the global leading Network as a Service (NaaS) provider, announced today that it has launched its 1,000th Megaport-enabled location. With this milestone, Megaport now provides access from 10% of all public data centres worldwide, making it the world’s leading vendor-neutral NaaS connectivity platform.


From its start as a disruptor in the connectivity space, Megaport has now become the go-to solution for IT teams needing fast, flexible, and secure interconnection between cloud services, data centres, and enterprise sites. The Company’s global reach now spans over 160 cities across 26 countries, enabling direct connections to all major cloud providers and hundreds of service providers.


“Hitting 1,000 locations is a huge moment for us, but even more so for our customers,” said Michael Reid, CEO of Megaport. “This isn’t just about being everywhere – it’s about giving businesses the power to connect anything, anywhere, with more flexibility than they’ve ever had before.”


DataBank, a long-time Megaport partner, hosted the launch of Megaport’s 1,000th enabled location at its SAN1 facility at San Diego. DataBank provides market-leading edge infrastructure that perfectly complements Megaport’s network fabric.


“Megaport’s presence in our data centre facilities adds significant value for our customers who need low-latency, high-availability access to cloud and network services,” said Raul Martynek, CEO of DataBank. “This milestone is a testament to the way Megaport is reshaping connectivity, and we’re proud to play a major part in it.”


As global demand continues to surge for secure and agile cloud connectivity, Megaport will continue to bring enterprise-grade interconnection to more locations, businesses, and clouds around the world.


About Megaport


Megaport is changing how businesses connect their infrastructure, with one smart and simple platform to manage every connection. Build secure, scalable, and agile networks in just a few clicks, accessing global endpoints and creating private paths in minutes. Trusted by the world’s leading companies, Megaport partners with global service providers, DC operators, systems integrators, and managed services companies, and operates in 1000+ enabled locations worldwide. Megaport is ISO/IEC 27001 certified. Join the network revolution at megaport.com.


 


View source version on businesswire.com: https://www.businesswire.com/news/home/20250807394677/en/



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Contacts

Media Enquiries

Adam Hennessy, Head of Marketing - Brand & Communications, Megaport

Phone: +61 7 3088 7400

media@megaport.com

Hikma delivers a solid H1 performance and re-affirms expectations for strong growth in the second half

 Hikma Pharmaceuticals PLC and its subsidiaries (‘Hikma’ or ‘Group’), the multinational pharmaceutical company, today reports its interim results for the six months ended 30 June 2025.

The Group reported revenue growth of 6% (5% in constant currency) to $1.658 billion (compared to $1.569 billion in H1 2024). We continued to implement our strategic priorities in the first half of 2025.

Our MENA business had a strong first half, building market share across the portfolio and we remained the second largest pharmaceutical company by sales[1], with a growing portfolio and reach in MENA. We also maintained our position as a top-three US provider of generic sterile injectables by volume[2] and a key supplier of non-injectable generic medicines. In Europe, we are the sixth largest supplier of injectables by sales[3] thanks to our expansion in France, Spain and the UK.  

We also strengthened our pipeline through strategic partnerships and agreements by signing seven partnerships across all three businesses, including an exclusive licensing agreement with pharmaand GmbH (pharma&) to commercialise rucaparib, an innovative oral oncology therapy, across MENA.

We continue to expect Group revenue to grow in the range of 4% to 6% for the full year, reflecting good growth in the Branded and Injectables businesses, offset by a slight decline in Hikma Rx, (the Generics business in the US).

Riad Mishlawi, Chief Executive Officer of Hikma, said: “In the first half of 2025, the strategic changes and renewed focus we put in place have started to deliver tangible results. We achieved strong revenue growth and built solid momentum across the business. While core operating profit was lower due to strong comparator in 2024 and a change in product mix, we expect a return to growth in the second half and are pleased to reiterate our full-year 2025 guidance for the Group. Demand across our portfolio remains robust, we are successfully launching new products, strengthening our manufacturing capabilities, and securing key strategic partnerships.We are also making significant strides in advancing our pipeline and increasing our investment in R&D.

With this foundation, we are well-positioned for the future and I look forward to sharing more updates on our continued growth."

Our Injectables business, which manufactures and supplies generic injectable medicines to hospitals across North America, Europe and MENA, delivered 12% revenue growth in the first half, with profit impacted by a change in product mix and the strong appreciation of the Euro. 

In North America, we are benefitting from recently launched products as well as the contribution from the Xellia portfolio, which we acquired in September 2024. During the first half, we received FDA approval for the biosimilar Ustekinumab, and for our reformulated vancomycin ready-to-use bag, TYZAVANTM which we will be launched in the second half.

Our MENA business had a strong first half, building market share across the portfolio. We had a good performance from our oncology, biotechnology and anti-infective portfolios as well as new launches, including our first diagnostic product from our partnership with Guardant Health. 

In Europe, we are seeing strong demand for our own products, particularly in recently entered markets such as France, driven by an expanding portfolio and market shortage dynamics.

During H1 2025, we launched 33 products and submitted 21 filings to regulatory authorities across all markets. We expect Injectables revenue to grow in the range of 7% to 9%.

Our Branded business, which supplies branded generics and in-licensed patented products across the MENA region, grew 4%, reflecting increased market share across the region. Chronic therapy areas remain a key driver of our expansion, with treatments for diabetes, respiratory illness and multiple sclerosis all contributing to growth in the first half. We also remain a leader in oral oncology in the region, with a particularly good contribution from recently launched products, including the targeted breast cancer therapy, palbociclib, sold under our brand name Papillio, a first generic of this important medicine in Algeria.

We have a significant and expanding manufacturing presence in the region, where localisation is key to our strategy, and during the first half of 2025 we have continued to make operational enhancements, including facility expansions, automation and rolling out inspection-readiness programmes, which will collectively improve efficiencies and enhance our quality levels.

During H1 2025, we launched 14 products and submitted 36 filings to regulatory authorities. We now expect Branded revenue to grow in the range of 6% to 7% on both a constant currency and reported basis.

Hikma Rx, which supplies oral and other non‑injectable generic and specialty products to the US retail market, delivered a good first half performance against a heavily H1-weighted 2024 result. 

Hikma Rx revenue is down 1% as expected with differentiated portfolio performing well. We continued increasing investment to support growth and R&D, while the successful integration of Xellia strengthened Injectables and Hikma Rx.  

Our differentiated portfolio is performing well with strong volume growth, especially for our inhalation products, which is partially offsetting expected levels of price erosion. We have also maintained our strong position in the sodium oxybate market.

We continue to leverage our state-of-the-art facility production in Columbus, Ohio for contract manufacturing for a range of customers, and preparations at the site are ongoing for our previously announced contract with a large global pharmaceutical company. We expect Hikma Rx revenue to be broadly flat vs 2024.

About Hikma:

Hikma helps put better health within reach every day for millions of people around the world. For more than 45 years, we've been creating high-quality medicines and making them accessible to the people who need them. Headquartered in the UK, we are a global company with a local presence across North America, the MENA and Europe. We're committed to our customers, and the people they care for, and by thinking creatively and acting practically, we provide them with a broad range of branded and non-branded generic medicines. For more information, please visit: www.hikma.com

 


[1] Based on internal analysis by using data from the following source: IQVIA MIDAS® Monthly Value Sales data for Algeria, Egypt, Jordan, Kuwait, Lebanon, Morocco, Saudi Arabia, Tunisia and UAE, for the period: calendar year 2024, reflecting estimates of real-world activity. Copyright IQVIA. All rights reserved

[2] IQVIA MAT June 2025, generic injectable volumes by eaches, excluding branded generics and Becton Dickinson

[3] IQVIA Injectable generic products, Hospital + Germany Retail, 2024 USD sales



Contacts

Mona Abdallah

Sr. Director, MENA Communications, +96265802900, MBAbdallah@Hikma.com

NTT DATA Launches Global Business Unit for Microsoft Cloud to Accelerate Enterprise Transformation in the AI Era

 Global business unit fast-tracks cloud and AI innovation leveraging Microsoft Cloud

Expands enterprise access to secure, scalable, cloud-native modernization

Rapid Agentic AI momentum with nearly 100 client opportunities in 90 days

 


(BUSINESS WIRE)--NTT DATA, a global leader in digital business and technology services, today announced its NTT Data business unit for Microsoft Cloud to meet rising demand for secure, AI-driven enterprise cloud transformation. The global unit brings together NTT DATA’s deep industry and technical expertise in Microsoft Cloud, security and AI solutions to accelerate cloud modernization, scale Agentic AI and navigate complex sovereignty and compliance requirements.


“Our expanded collaboration with Microsoft reflects a shared commitment to helping clients tackle today’s complex business challenges with speed, scale and trust,” said Charlie Li, Head of Cloud and Security Services, NTT DATA, Inc. “Through our global business unit for Microsoft Cloud, we’re bringing together the strengths of both organizations to solve modern problems using advanced cloud and AI technologies, whether it’s modernizing operations, improving how people work and connect, or delivering more intelligent, secure and resilient digital experiences.”


Global NTT Data business unit for Microsoft Cloud: scale and specialization


With a presence across more than 50 countries and a deep bench of Microsoft certified specialists holding 24,000 certifications, the NTT DATA business unit for Microsoft Cloud helps clients accelerate digital transformation globally. This unit brings together technical expertise in cloud-native development, cybersecurity, observability and Agentic AI, while staying closely aligned with Microsoft’s technology roadmap and engineering teams.


Led by Aishwarya Singh, Senior Vice President and Head of the Global Business Unit for Microsoft Cloud, the unit builds on NTT DATA’s longstanding strategic alliance with Microsoft to elevate existing capabilities and expands its global reach, reinforcing NTT DATA’s role as a trusted enterprise transformation partner.


To accelerate adoption, NTT DATA is aligning its sales, pre-sales and delivery teams with Microsoft to help clients design, build, secure, migrate and implement solutions on Microsoft Cloud that deliver measurable business impact across industries and regulated markets.


Core areas of focus include:


Agentic AI at scale: Helping clients rapidly scale AI agents with Microsoft 365 Copilot and Microsoft Azure AI Foundry enabling real-time voice communications and intelligent orchestration with speed, efficiency and ethical integrity.

Modern cloud solutions: Supporting organizations in building and updating applications In Microsoft Azure to boost agility, reduce complexity and stay ahead of change.

Developer acceleration: Empowering Azure developers to accelerate cloud-native development with a microservices library of 500+ industry-accelerators, built on top of NTT DATA’s Industry Cloud platform.

Enhanced digital experience: Enabling more connected, collaborative workplaces with Microsoft 365 and transforming customer engagement through integrated Microsoft Dynamics 365 Contact Center solutions.

Sovereign cloud adoption: NTT DATA is one of the few Microsoft partners collaborating on Sovereign Cloud specialization under Microsoft AI Cloud partner program.

Driving agentic AI adoption at scale


Today’s announcement also follows strong momentum for NTT DATA’s recently launched Agentic AI Services for Hyperscaler AI Technologies, built on Azure and Azure AI Foundry. In just 90 days, these services have generated nearly 100 enterprise client opportunities, including Newell Brands.


This interest underscores the growing demand for AI-powered automation, intelligent workflows and seamless enterprise integration and the need for scalable solutions that move AI out of the lab and into production. NTT DATA is also scaling support for multi-agent models by leveraging Azure AI Agent Service on Azure AI Foundry. As a result, NTT DATA can help clients build, manage and orchestrate multi-agent workflows across multiple platforms.


Providing next-generation service delivery


NTT DATA is uniquely positioned to lead cloud-native business transformation in the AI era with deep expertise across Azure, Agentic AI and Industry Cloud ecosystems. Backed by 27 Advanced Specializations, including Security, Data & AI for Azure, Infrastructure, Digital & App Innovation and AI Business Solutions, NTT DATA helps enterprises accelerate big data migration and analysis, scale AI and ML workloads with flexibility and implement cost-effective, composable infrastructures that drive innovation and resilience.


“NTT DATA has played a pivotal role in driving global adoption of Microsoft Azure innovations. This global business unit and our expanded collaboration enables enterprises to integrate AI seamlessly, modernize operations and achieve digital transformation with confidence," said Stephen Boyle, Global Leader, SI & Advisory at Microsoft.


Learn more about NTT DATA and Microsoft here.


About NTT DATA


NTT DATA is a $30+ billion trusted global innovator of business and technology services. We serve 75% of the Fortune Global 100 and are committed to helping clients innovate, optimize and transform for long-term success. As a Global Top Employer, we have diverse experts in more than 50 countries and a robust partner ecosystem of established and start-up companies. Our services include business and technology consulting, data and artificial intelligence, industry solutions, as well as the development, implementation and management of applications, infrastructure and connectivity. We are also one of the leading providers of digital and AI infrastructure in the world. NTT DATA is part of NTT Group, which invests over $3.6 billion each year in R&D to help organizations and society move confidently and sustainably into the digital future.


Visit us at nttdata.com.


 


View source version on businesswire.com: https://www.businesswire.com/news/home/20250807490453/en/



Permalink

https://www.aetoswire.com/en/news/7082025483400


Contacts

Lori Bosio

Lori.bosio@nttdata.com

US Investment Bank H.C. Wainwright Reiterates Buy Rating on IHC Portfolio Company, Phoenix Group, with AED 3.00 Target

Abu Dhabi, United Arab Emirates - Thursday, 07. August 2025

Phoenix Group PLC (ADX: PHX), an IHC portfolio company and a global leader in blockchain and digital asset infrastructure, has been featured in a new research report from H.C. Wainwright & Co.

Independent equity analysts at H.C. Wainwright & Co. have assigned Phoenix Group a Buy rating and AED 3.00 price target, recognizing its evolution beyond mining into high-growth AI and HPC infrastructure.

Based on the August 4, 2025, closing price of AED 1.48, the report states an enormous upside potential in excess of 102% for the shares. The positive assessment is underpinned by Phoenix Group's strategic expansion and its forward-looking ambitions in high-growth technology sectors.

The report, titled “Re-Energized Sites and AI/HPC Feasibility Prime Upside; Reit. Buy,” underscores Phoenix Group’s strong position for meaningful growth in both the near and long term. The reaffirmed Buy rating is supported by a shift to higher-margin self-mining, expanding operational capacity, and significant digital asset holdings of BTC and Solana in excess of 150 million USD.

The analysis highlights Phoenix’s diversified strategy, which balances efficient digital asset mining with strategic investment in next-generation sectors such as Artificial Intelligence (AI) and High-Performance Computing (HPC).

It also notes the company’s ability to attract ongoing capital support amid broader industry trends that favour advanced connectivity and compute infrastructure. With new sites expected to come online, Phoenix is well-positioned to meet growing demand for AI workloads and unlock additional revenue streams.

Central to this momentum is Phoenix's established partnership with IHC (IHC: ADX), the Abu Dhabi-based diversified investment firm. As a valued IHC portfolio company, Phoenix leverages shared expertise and resources to scale operations and execute on innovative projects, bolstering its resilience in a dynamic market.

“We are delighted that H.C. Wainwright sees the significant value and enormous potential in our strategy,” said Munaf Ali, CEO and Co-founder of Phoenix Group. “This report validates our team's hard work to expand our core mining operations efficiently while boldly moving into the AI and HPC space. As an IHC portfolio company, we are committed to driving innovation and delivering superior returns for our shareholders, and this report confirms we are on the right path.”

While the report acknowledges sector-specific risks, including digital asset market volatility, it expresses confidence in Phoenix’s strategic trajectory and competitive positioning. Full details of Phoenix Group’s Q2 2025 results and the analyst report are available on the company’s Investor Relations page.

About Phoenix Group

Phoenix Group PLC, an IHC Portfolio Company, is a multi-billion-dollar global technology leader headquartered in Abu Dhabi, UAE.

As one of the world’s top ten Bitcoin miners, it operates over 500 megawatts across the UAE, U.S., Canada, Oman, and Ethiopia, running the biggest mining farm in MENA.

Phoenix Group is the first crypto and blockchain conglomerate in the region to be listed on the Abu Dhabi Securities Exchange (ADX).

Permalink
https://www.aetoswire.com/en/news/0708202548325

Contacts

Rose Perinchery
media@phoenixgroupuae.com

Energy Vault Secures Final FIRB Approval and Completes Acquisition of 125 MW/1,000 MWh Stoney Creek BESS in Australia

Stoney Creek represents first acquisition in Australia as part of Energy Vault’s global “Own & Operate” portfolio and reinforces long-term commitment to Australia’s energy transition

125 MW/1,000 MWh Stoney Creek BESS set to support grid reliability and flexibility while advancing the energy transition in New South Wales, supported by a 14-year offtake agreement

Stoney Creek is Energy Vault’s third and largest Energy Storage Asset in the portfolio, following the successful completion of the Cross Trails BESS in Texas and Calistoga Resiliency Center in California, and is expected to deliver ~$30 million in combined annual, recurring EBITDA for the next 15+ years

 

(BUSINESS WIRE)--Energy Vault Holdings, Inc. (NYSE: NRGV) ("Energy Vault"), a global leader in grid-scale energy storage solutions, today announced it has received Foreign Investment Review Board (FIRB) approval and completed the full acquisition of the Stoney Creek Battery Energy Storage System (BESS) project in Northern New South Wales. The 125 MW/1,000 MWh project now formally enters Energy Vault’s international “Own & Operate” portfolio, advancing the company’s long-term asset management strategy in the Australian market.

Energy Vault has formalized its investment position in the Stoney Creek BESS following receipt of Foreign Investment Review Board (FIRB) approval, enabling full acquisition and control of the project’s development and operations. The project was initially announced for acquisition from Enervest Group in March 2025.

This strategic acquisition underscores Energy Vault’s commitment to accelerating Australia’s transition to a more resilient, low-carbon energy grid. The Stoney Creek BESS represents a flagship deployment within the company’s Asset Vault portfolio, leveraging Energy Vault’s vertically integrated approach to energy storage development. With full control of the project’s lifecycle—from design through long-term operation—Energy Vault is positioned to optimize both performance and profitability while delivering essential grid services.

The project’s award of a 14-year LTESA contract provides a strong foundation of contracted revenue, enabling long-term value creation for stakeholders and reinforcing investor confidence. Coupled with Energy Vault’s proprietary VaultOS™ platform and advanced B-VAULT™ storage technology, the Stoney Creek BESS will offer critical dispatchable capacity to support peak demand, enhance grid stability, and enable deeper integration of renewable energy sources across New South Wales.

The 125 MW/1,000 MWh BESS was awarded a 14-year Long-Term Energy Service Agreement (LTESA) under Roadmap Tender Round 5 for Long Duration Storage, administered by AEMO Services as the Consumer Trustee under the New South Wales Electricity Infrastructure Roadmap. The LTESA provides up to 14 years of predictable, contracted revenue, helping to de-risk the project and accelerate investment in critical storage infrastructure.

The Stoney Creek BESS has been designed to deliver eight hours of dispatchable energy, and once operational, will support grid reliability and flexibility in a strategic location within NSW’s transitioning energy landscape. Energy Vault is developing and integrating the project, utilizing its VaultOS™ energy management platform and B-VAULT™ system to optimize performance, market participation, and long-term asset management.

“The formal acquisition of Stoney Creek represents a first and very significant milestone in Energy Vault’s long-term investment strategy for Australia,” said Robert Piconi, Chairman and Chief Executive Officer of Energy Vault. “As the first non-US project developed under our global ‘Own & Operate’ asset strategy, Stoney Creek underscores our focus on attractive, high growth markets for energy storage solutions supported by favorable regulatory policies as is the case with Australia. We have multiple storage projects in various stages of construction across eastern Australia, and we look forward now to focusing on moving the Stoney Creek BESS rapidly to RTB construction and eventual operation in order to maximize the benefits for the local communities while supporting the NSW regional decarbonization goals.”

Stoney Creek represents one of several large-scale “Own & Operate” assets Energy Vault is advancing across Australia, underpinning a growing pipeline of energy storage deployments designed to enable both merchant and contracted revenue streams through the company’s Energy VaultOS™ and Vault-Bidder™ platforms.

About Energy Vault

Energy Vault® develops and deploys utility-scale energy storage solutions designed to transform the world's approach to sustainable energy storage. The Company's comprehensive offerings include proprietary gravity-based storage, battery storage, and green hydrogen energy storage technologies. Each storage solution is supported by the Company’s hardware technology-agnostic energy management system software and integration platform. Unique to the industry, Energy Vault’s innovative technology portfolio delivers customized short-and-long-duration energy storage solutions to help utilities, independent power producers, and large industrial energy users significantly reduce levelized energy costs while maintaining power reliability. Utilizing eco-friendly materials with the ability to integrate waste materials for beneficial reuse, Energy Vault’s gravity-based energy storage technology is facilitating the shift to a circular economy while accelerating the global clean energy transition for its customers. Please visit www.energyvault.com for more information.

Forward-Looking Statements

This press release includes forward-looking statements that reflect the Company’s current views with respect to, among other things, the Company’s operations and financial performance. Forward-looking statements include information concerning possible or assumed future results of operations, including descriptions of our business plan and strategies. These statements often include words such as “anticipate,” “expect,” “suggest,” “plan,” “believe,” “intend,” “project,” “forecast,” “estimates,” “targets,” “projections,” “should,” “could,” “would,” “may,” “might,” “will” and other similar expressions. We base these forward-looking statements or projections on our current expectations, plans, and assumptions, which we have made in light of our experience in our industry, as well as our perceptions of historical trends, current conditions, expected future developments and other factors we believe are appropriate under the circumstances at the time. These forward-looking statements are based on our beliefs, assumptions, and expectations of future performance, taking into account the information currently available to us. These forward-looking statements are only predictions based upon our current expectations and projections about future events. These forward-looking statements involve significant risks and uncertainties that could cause our actual results, level of activity, performance or achievements to differ materially from the results, level of activity, performance or achievements expressed or implied by the forward-looking statements, including the failure to execute definitive agreements, changes in our strategy, expansion plans, customer opportunities, future operations, future financial position, estimated revenues and losses, projected costs, prospects and plans; the uncertainly of our awards, bookings and backlogs and developed pipeline equating to future revenue; the lack of assurance that non-binding letters of intent and other indication of interest can result in binding orders or sales; the timing of permits; the possibility of our products to be or alleged to be defective or experience other failures; the implementation, market acceptance and success of our business model and growth strategy; our ability to develop and maintain our brand and reputation; developments and projections relating to our business, our competitors, and industry; the ability of our suppliers to deliver necessary components or raw materials for construction of our energy storage systems in a timely manner; the impact of health epidemics, on our business and the actions we may take in response thereto; our expectations regarding our ability to obtain and maintain intellectual property protection and not infringe on the rights of others; expectations regarding the time during which we will be an emerging growth company under the JOBS Act; our future capital requirements and sources and uses of cash; the international nature of our operations and the impact of war or other hostilities on our business and global markets; our ability to obtain funding for our operations and future growth; our business, expansion plans and opportunities and other important factors discussed under the caption “Risk Factors” in our Annual Report on Form 10-K for the year ended December 31, 2024 filed with the SEC on March 31 2025, as such factors may be updated from time to time in its other filings with the SEC, accessible on the SEC’s website at www.sec.gov. New risks emerge from time to time, and it is not possible for our management to predict all risks, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements we may make. Any forward-looking statement made by us in this press release speaks only as of the date of this press release and is expressly qualified in its entirety by the cautionary statements included in this press release. We undertake no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by any applicable laws. You should not place undue reliance on our forward-looking statements.

 



Contacts

Energy Vault Contacts
Investors
energyvaultIR@icrinc.com

Lenovo Brings Its Biggest-Ever Global Tech World Event to CES 2026 With an Immersive Experience at Sphere in Las Vegas

 Lenovo Chairman and CEO Yuanqing Yang to deliver CES keynote on smarter AI for all at iconic venue, showcasing innovations with FIFA, Formula 1®, and a host of others at the world’s biggest tech event.

Tech World CES Keynote to showcase Lenovo’s role as An Official Technology Partner of Sphere Studios

(BUSINESS WIRE) -- Lenovo (HKSE: 992) (ADR: LNVGY) and Sphere Entertainment Co. (NYSE: SPHR) announced today that, for the first time ever, Lenovo’s annual global innovation event, Tech World, will take center stage at Sphere in Las Vegas on the opening day of CES® 2026. The 11th annual Tech World will feature Lenovo Chairman and CEO Yuanqing Yang’s CES keynote along with Lenovo’s latest product launches, innovations, proofs of concept, and the company’s AI-driven innovation strategy for the coming years.

The event at Sphere, which will showcase content created exclusively for Lenovo by Sphere Studios, Sphere’s in-house immersive content studio, marks the second consecutive year that a CES keynote will be delivered at the cutting-edge venue. Tech World comes as Lenovo and Sphere enter a multi-year global partnership, making Lenovo An Official Technology Partner of Sphere Studios.

"Over the past decade, Tech World has become Lenovo’s key platform to reveal our vision, showcase our innovation, and launch our most exciting products, solutions, and partnerships,” said Yuanqing Yang, Chairman and CEO, Lenovo. “Now, set against the backdrop of CES 2026, we’ll give the audience an exclusive look at how our technology has revolutionized F1, unveil our plans for the first-ever AI-powered FIFA World Cup next summer, and create a hyper-personalized agent-native experience for individuals while unleashing Lenovo Hybrid AI Advantage for enterprise customers. Sphere is the perfect match for Lenovo in Las Vegas, where we will celebrate and share our commitment to delivering smarter AI for all by constantly redefining how technology can engage, inspire, and empower.”

“As a venue at the forefront of innovation, Sphere is a powerful platform for visionary brands looking to create transformative events and experiences,” said Jennifer Koester, President and COO, Sphere. “We are honored to collaborate with Lenovo not only to help bring their vision to life during this CES Keynote, but also as part of our broader partnership that will leverage Lenovo technology to deliver immersive experiences across all Sphere events.”

“We’re thrilled to welcome Lenovo and Yuanqing Yang to the CES keynote stage. CES is where innovators show up, and I look forward to seeing his vision for the technology solving big global challenges come to life at the incredible Sphere,” said Gary Shapiro, CEO and Vice Chair, CTA.

Tech World @ CES will explore how Lenovo is defining the future through the fusion of AI, devices, infrastructure, and services. As a global technology partner for Formula 1® and the FIFA World Cup 26™ and the FIFA Women’s World Cup 2027™, the audience will see not only how Lenovo innovation will help individuals and businesses, but also how the company plans to use AI and its full portfolio of technologies to change the game for sports fans in the years to come.

In addition to the keynote, Tech World @ CES will include visionary tech leaders, partners, artists, and influencers, with an accompanying spectacle that is only possible at Sphere. Additional announcements on the speaker and guest lineup will be made later in 2025.

Lenovo is not simply presenting its technology and vision at the keynote at Sphere, but as An Official Technology Partner of Sphere Studios, its Lenovo’s own technology helping power the creation of the content and the production itself. Beyond Tech World and CES, Lenovo will continue to partner directly with Sphere Studios to support immersive content creation. Lenovo’s high-performance workstations and infrastructure platforms are integrated into Sphere Studios’ production workflows and operations, supporting Sphere’s immersive content creation and showcasing Lenovo’s end-to-end capabilities. Lenovo’s own technology, combined with the expertise of the artists and technologists at Sphere Studios, will help bring Lenovo’s creative vision to life for Tech World, and make this unforgettable experience possible.

Don’t miss Lenovo @ CES 2026

Lenovo’s CES 2026 keynote at Sphere will take place on Tuesday, January 6 at 17.00 PT. Yuanqing Yang’s keynote is open to credentialed CES attendees, with further ticketing and logistics details available in October.

The event will demonstrate Lenovo’s leadership in hybrid AIthe seamless integration of public, enterprise, and personal AI solutions to empower creativity, productivity, and connection. Tech World will also highlight ways Lenovo-led innovation is accelerating responsible, intelligent transformation across industries, from smarter classrooms and precision healthcare to agile manufacturing and future-ready workplaces.

By holding Tech World at CES, Lenovo brings bold ideas and powerful technologies directly to a huge global audience of business leaders, innovators, media, and tech enthusiasts.

Learn more about Tech World @ CES and register your interest here.

Watch highlights from previous Tech World events:

About Lenovo

Lenovo is a US$69 billion revenue global technology powerhouse, ranked #196 in the Fortune Global 500, and serving millions of customers every day in 180 markets. Focused on a bold vision to deliver Smarter Technology for All, Lenovo has built on its success as the world’s largest PC company with a full-stack portfolio of AI-enabled, AI-ready, and AI-optimized devices (PCs, workstations, smartphones, tablets), infrastructure (server, storage, edge, high performance computing and software defined infrastructure), software, solutions, and services. Lenovo’s continued investment in world-changing innovation is building a more equitable, trustworthy, and smarter future for everyone, everywhere. Lenovo is listed on the Hong Kong stock exchange under Lenovo Group Limited (HKSE: 992) (ADR: LNVGY). To find out more visit https://www.lenovo.com, and read about the latest news via our StoryHub.

About Sphere Entertainment

Sphere Entertainment Co. is a premier live entertainment and media company. The Company includes Sphere, a next-generation entertainment medium powered by cutting-edge technologies to redefine the future of entertainment. The first Sphere venue opened in Las Vegas in September 2023. In addition, the Company includes MSG Networks, which operates two regional sports and entertainment networks, MSG Network and MSG Sportsnet, as well as a direct-to-consumer and authenticated streaming product, MSG+, delivering a wide range of live sports content and other programming. More information is available at sphereentertainmentco.com.

 



Contacts

Stuart Gill,
Director of Corporate Communications, Lenovo
sgill@lenovo.com

 

Andersen Consulting Announces Collaboration Agreement with Virtual, Inc.

 SAN FRANCISCO - Thursday, 07. August 2025 AETOSWire Print 


(BUSINESS WIRE) -- Andersen Consulting announces a Collaboration Agreement with Virtual, Inc., a U.S.-based firm recognized for its deep expertise in strategy and operations for technology consortia, standards development organizations, and other member-driven groups.


Renowned for its hands-on approach and results-driven execution, Virtual, Inc. has a proven track record of supporting mission-driven, collaborative organizations. With the agility of a boutique firm and the capabilities of a global player, Virtual helps leading technology companies and standards bodies accelerate innovation, build consensus, and scale impact across the digital ecosystem. Since its founding in 1999, Virtual has provided tailored strategic advisory and operational support to clients around the world—particularly in the technology sector—with services spanning governance, membership and certification management, standards development support, event management, marketing, and integrated technology solutions.


“We specialize in helping collaborative organizations thrive—whether they’re developing global technical standards, driving interoperability, or navigating complex governance structures,” said Andy Freed, CEO of Virtual, Inc. “This collaboration with Andersen Consulting will allow us to amplify our impact and help more consortia and standards bodies meet their strategic goals.”


“Virtual Inc.’s depth of experience with high-impact technology consortia and standards-setting organizations adds a powerful dimension to our consulting offerings,” said Mark L. Vorsatz, global chairman and CEO of Andersen. “Their expertise in enabling multi-stakeholder collaboration, coupled with their operational precision, enhances our ability to guide clients through transformation, governance, and innovation at scale.”


Andersen Consulting is a global consulting practice providing a comprehensive suite of services spanning corporate strategy, business, technology, and AI transformation, as well as human capital solutions. Andersen Consulting integrates with the multidimensional service model of Andersen Global, delivering world-class consulting, tax, legal, valuation, global mobility, and advisory expertise on a global platform with more than 20,000 professionals worldwide and a presence in over 500 locations through its member firms and collaborating firms. Andersen Consulting Holdings LP is a limited partnership and provides consulting solutions through its member firms and collaborating firms around the world.


 


View source version on businesswire.com: https://www.businesswire.com/news/home/20250807177292/en/



Permalink

https://www.aetoswire.com/en/news/0708202548343


Contacts

mediainquiries@Andersen.com


 

Allianz Announces Excellent Performance and Is Fully on Track for Full-year Ambitions


 MUNICH -

(BUSINESS WIRE) -- 2Q 2025


Allianz achieves strong growth and record operating profit


Total business volume rises 8.01 percent to 44.5 billion euros, supported by good growth across all segments


Operating profit increases 12.2 percent and reaches a record level of 4.4 billion euros, with particular strong contribution from the Property-Casualty segment


Shareholders’ core net income advances by 17.3 percent and reaches 3.0 billion euros. Adjusted for the 0.3 billion euros disposal gain on the UniCredit Joint Venture, shareholders’ core net income increases 7.1 percent


6M 2025


Excellent performance across our businesses and record operating profit


Total business volume grows 10.1 1 percent and reaches 98.5 billion euros, with contributions from all segments


Operating profit increases 9.3 percent to 8.6 billion euros, our highest half-yearly operating profit ever, reaching 54 percent of our full-year outlook midpoint


Shareholders’ core net income advances 9.5 percent to 5.5 billion euros


Core earnings per share grow 11.3 percent and reach 13.99 euros


Annualized core RoE is excellent at 18.5 percent


Adjusted for the one-off tax provision related to the forthcoming sale of our stake in our Indian Joint Ventures in 1Q and the disposal gain on the UniCredit Joint Venture in 2Q, shareholders’ core net income increases strongly by 6.2 percent, core earnings per share rise 7.9 percent and our annualized core RoE is at a very strong level of 17.9 percent


Solvency II capitalization ratio remains strong at 209 percent2 with excellent capital generation


Outlook & other


Allianz is fully on track to achieve its full-year operating profit outlook of 16.0 billion euros, plus or minus 1 billion euros3


Share buy-back program of up to 2 billion euros announced on February 27 underway; 1.0 billion euros completed in the first six months of 2025


“Allianz has delivered record results in the first half of the year, underpinned by sustained growth and a disciplined focus on productivity. The value and relevance of our products help us to retain and expand our customer base.


Our diversified mix of businesses, global reach, and consistent execution bring opportunity and momentum, placing us on track to deliver on the ambitions set out at our Capital Markets Day in December.”


- Oliver Bäte, Chief Executive Officer of Allianz SE


FINANCIAL HIGHLIGHTS


Allianz Group: Excellent performance and record operating profit


Key performance indicator


 

2Q 2025


 

Change vs

prior year


 

6M 2025


 

Change vs

prior year


Total business volume (€ bn) 4


 

44.5


 

8.0%


 

98.5


 

10.1%


Operating profit (€ mn)


 

4,406


 

12.2%


 

8,644


 

9.3%


Shareholders’ core net income (€ mn)


 

2,976


 

17.3%


 

5,527


 

9.5%


Core return on equity (annualized) (%) 5


 

18.5


 

1.6%-p


Solvency II ratio (%) 5


 

209


 

1%-p


“The strength of our business model and Allianz’s capacity for consistent delivery are evident in our record operating profit of 8.6 billion euros for the first six months of the year.


We generated healthy and profitable growth across all segments and continued to produce sustainable value for all stakeholders.


Our performance sets a strong foundation for the remainder of the year and we confidently affirm our full-year operating profit outlook of 16 billion euros plus or minus 1 billion euros.”


- Claire-Marie Coste-Lepoutre, Chief Financial Officer of Allianz SE


In 2Q 2025, Allianz has delivered an excellent performance, characterized by strong growth and a record operating profit.


Our total business volume reached 44.5 (2Q 2024: 42.6) billion euros, an internal growth of 8.0 percent. All segments contributed to this attractive growth.


Operating profit rose 12.2 percent and reached a record level of 4.4 (3.9) billion euros, 28 percent of our full-year outlook midpoint.


Shareholders’ core net income advanced 17.3 percent to 3.0 (2.5) billion euros. This growth was driven by a higher operating profit and an improved non-operating result. Adjusted for the 0.3 billion euros disposal gain on the UniCredit Joint Venture, shareholders’ core net income increased 7.1 percent.


Allianz’s 6M 2025 results were excellent, delivering a record operating profit underpinned by double-digit internal growth.


Our total business volume expanded to 98.5 (6M 2024: 91.0) billion euros, an internal growth of 10.1 percent, with particular strong growth in our Life/Health segment.


Operating profit was excellent at 8.6 (7.9) billion euros, a strong increase of 9.3 percent. The Property-Casualty business was the main growth driver but all business segments contributed.


Shareholders’ core net income advanced by 9.5 percent to a strong level of 5.5 (5.0) billion euros. Adjusted for a one-off tax provision related to the forthcoming sale of our stake in our Indian Joint Ventures in 1Q and the disposal gain on the UniCredit Joint Venture in 2Q, shareholders’ core net income was up by 6.2 percent.


Core earnings per share (EPS)6 amounted to 13.99 (12.57) euros, an increase of 11.3 percent. Adjusted for the above-mentioned one-off tax provision and disposal gain, core earnings per share rose 7.9 percent.


Allianz has delivered an excellent annualized core return on equity (RoE)6 of 18.5 percent in 6M 2025 (full-year 2024: 16.9 percent). Adjusted for the effects of the one-off tax provision and disposal gain, the annualized core return on equity (RoE) was 17.9 percent.


This performance was achieved while we maintained a strong capitalization with a Solvency II ratio of 209 percent (1Q 2025: 208 percent), supported by excellent capital generation.


Outlook


Allianz is fully on track to achieve its full-year outlook of an operating profit of 16.0 billion euros, plus or minus 1 billion euros.


Other


The share buy-back program of up to 2 billion euros, announced on February 27, is underway and 1.0 billion euros were completed in the first six months of 2025.


Property-Casualty insurance: Very good growth and excellent underwriting profitability


Key performance indicator


 

2Q 2025


 

Change vs

prior year


 

6M 2025


 

Change vs

prior year


Total business volume (€ bn) 7


 

20.1


 

8.7%


 

47.1


 

7.9%


Operating profit (€ mn)


 

2,295


 

19.9%


 

4,465


 

12.1%


Combined ratio (%)


 

91.2


 

-2.2%-p


 

91.5


 

-1.2%-p


Loss ratio (%)


 

67.4


 

-1.9%-p


 

67.5


 

-0.8%-p


Expense ratio (%)


 

23.9


 

-0.4%-p


 

24.0


 

-0.4%-p


Core messages Property-Casualty insurance 2Q 2025


Very good internal growth of 8.7 percent


Record operating profit, reaching 29 percent of our full-year outlook midpoint


Excellent combined ratios in commercial and retail of 90.3 percent and 91.8 percent


In 2Q 2025, total business volume reached 20.1 (2Q 2024: 19.3) billion euros. Internal growth was very good at 8.7 percent, with healthy growth in both commercial8 and retail9. Allianz successfully managed growing its business while maintaining underwriting discipline.


The operating profit grew to a record level of 2.3 (1.9) billion euros, an increase of 20 percent compared to the second quarter 2024. Growth was entirely driven by a higher insurance service result.


The combined ratio improved to an excellent level of 91.2 percent (93.5 percent). The loss ratio reached 67.4 percent (69.2 percent), a strong improvement of 1.9 percentage points. This performance was supported by benign natural catastrophes as well as underlying improvements, partly offset by a lower run-off result. The expense ratio developed favorably by 0.4 percentage points to 23.9 percent.


Retail showed a strong performance. It delivered very good internal growth of 7 percent while further improving its combined ratio to 91.8 percent (94.7 percent).


The commercial business achieved a strong internal growth of 10 percent, also benefitting from high growth in Allianz Partners’ health business. The segment achieved an outstanding combined ratio of 90.3 percent (91.3 percent).


Core messages Property-Casualty insurance 6M 2025


Very good internal growth of 7.9 percent


Record operating profit, reaching 56 percent of full-year outlook midpoint


Excellent combined ratios in commercial and retail, supported by underwriting actions


In the 6M 2025 period, total business volume reached 47.1 (6M 2024: 44.8) billion euros, delivering a very good internal growth of 7.9 percent.


Operating profit was excellent at 4.5 (4.0) billion euros, reaching 56 percent of our full-year outlook midpoint. Strong growth of 12 percent was entirely driven by a higher insurance service result, more than offsetting a lower operating investment result.


The combined ratio was at a strong level of 91.5 percent (92.7 percent), with improvements in the loss ratio and the expense ratio. The loss ratio reached 67.5 percent (68.3 percent). Underlying improvements driven by underwriting actions and slightly lower natural catastrophe losses overcompensated a lower run-off ratio. The expense ratio improved by 0.4 percentage points to 24.0 percent.


The performance of our retail and commercial businesses was strong.


In our retail business, internal growth reached 8 percent, while the combined ratio improved 2.0 percentage points to 91.8 percent, driven by our SME and non-motor businesses.


Internal growth of 7 percent in our commercial business was solid and the segment achieved an excellent combined ratio of 91.0 percent (90.6 percent).


Life/Health insurance: Strong new business growth at attractive margins


Key performance indicator


 

2Q 2025


 

Change vs

prior year


 

6M 2025


 

Change vs

prior year


PVNBP (€ mn)


 

19,518


 

3.8%


 

45,614


 

10.9%


New business margin (%)


 

5.7


 

-0.1%-p


 

5.6


 

-0.1%-p


VNB (€ mn)


 

1,122


 

2.9%


 

2,562


 

8.6%


Operating profit (€ mn)


 


1,403


 


1.8%


 


2,830


 


4.6%


Contractual Service Margin (€ bn, eop)


 


55.8


 


0.9% 10


 


55.8


 


2.8% 11


Core messages Life/Health insurance 2Q 2025


93 percent of new business premiums generated in preferred lines of business


New business margin attractive at 5.7 percent, well above our 5 percent target level


Operating profit strong at 1.4 billion euros, reaching 26 percent of our full-year outlook midpoint


In 2Q 2025, PVNBP, the present value of new business premiums, grew to 19.5 (2Q 2024: 18.8) billion euros. Growth was broad-based and 93 percent (93 percent) of our new business was generated in our preferred lines.


The new business margin (NBM) remained attractive at 5.7 percent (5.8 percent) and the value of new business (VNB) increased by 2.9 percent to 1.1 (1.1) billion euros.


Operating profit advanced to a strong level of 1.4 (1.4) billion euros, an increase of 1.8 percent, and reached 26 percent of our full-year outlook midpoint.


The Contractual Service Margin (CSM) amounted to 55.8 billion euros (1Q 2025: 57.0 billion euros12). The development was impacted by currency effects and the sale of UniCredit Allianz Vita S.p.A.. Normalized CSM growth was good at 0.9 percent.


Core messages Life/Health insurance 6M 2025


Strong double-digit new business premium growth at attractive margins


Operating profit growth of 5 percent, spread across most regions


Normalized CSM growth of 2.8 percent on track to reach ~5 percent growth ambition for full year


In 6M 2025, PVNBP increased by 10.9 percent to 45.6 (6M 2024: 41.1) billion euros, with growth across most entities. During the first half of 2025, 92 percent (93 percent) of our new business sales were in our preferred lines.


The new business margin was at an attractive level of 5.6 percent (5.7 percent). The value of new business rose by 8.6 percent to 2.6 (2.4) billion euros.


Operating profit of 2.8 (2.7) billion euros increased by 4.6 percent, reaching 51 percent of our full-year outlook midpoint.


The Contractual Service Margin (CSM) rose to 55.8 billion euros from 55.6 billion euros13 at the end of 2024. Normalized CSM growth of 2.8 percent was good and Allianz is on track to reach our ~5 percent growth ambition for the year.


Asset Management: Good organic third-party AuM growth


Key performance indicator


 

2Q 2025


 

Change vs

prior year


 

6M 2025


 

Change vs

prior year


Operating revenues (€ bn) 14


 

2.0


 

6.6%


 

4.1


 

3.8%


Operating profit (€ mn)


 

779


 

4.9%


 

1,589


 

4.8%


Cost income ratio (%)


 

61.3


 

-1.1%-p


 

61.3


 

-0.5%-p


Third-party net flows (€ bn)


 

14


 

-3.3%


 

42


 

-12.5%


Third-party assets under management (€ bn)


 

1,842


 

2.1%


 

1,842


 

2.1%


Average third-party assets under management (€ bn)


 


1,855


 


4.3%


 


1,896


 


7.4%


Core messages Asset Management 2Q 2025


Assets under management (AUM)-driven revenues grow by 8 percent (F/X adjusted)


Operating profit advances 5 percent to 779 million euros


Good third-party net inflows of 14 billion euros


In 2Q 2025, operating revenues increased to 2.0 (2Q 2024: 2.0) billion euros, an internal growth of 6.6 percent. This was due to higher AuM-driven revenues, which increased by 8.0 percent (F/X adjusted).


Operating profit rose to a good level of 779 (742) million euros, up 4.9 percent. Adjusted for foreign currency translation effects, operating profit increased by 9.1 percent. The cost-income ratio (CIR) improved to 61.3 percent (62.4 percent), reflecting good top-line development and tight cost management.


Third-party assets under management amounted to 1.842 trillion euros as of June 30, 2025 (2Q 2024: 1.803; 1Q 2025: 1.914). Compared to the first quarter 2025, positive market effects of 18 billion euros and net inflows of 14 billion euros were more than offset by foreign currency translation effects of 103 billion euros. Average third-party assets under management amounted to 1.855 trillion euros, 4 percent above 2Q 2024.


Core messages Asset Management 6M 2025


Very good third party net inflows of 42 billion euros


Operating profit increases 5 percent to 1.6 billion euros, on track for full-year outlook


Cost-income ratio improves to 61.3 percent


In 6M 2025, operating revenues increased to 4.1 (6M 2024: 4.0) billion euros, an internal growth of 3.8 percent. The increase was driven by higher AuM-driven revenues following higher average third-party AuM.


Operating profit rose to 1.6 (1.5) billion euros, up 4.8 percent. Adjusted for foreign currency translation effects, operating profit increased by 5.7 percent. The cost-income ratio (CIR) improved to 61.3 percent (61.8 percent).


Third-party assets under management amounted to 1.842 trillion euros as of June 30, 2025, compared to 1.920 trillion euros as of December 31, 2024. Very good net inflows of 42 billion euros and positive market effects were more than offset by foreign currency translation effects of 160 billion euros. Average third-party assets under management amounted to 1.896 trillion euros, 7 percent above 6M 2024.


FOOTNOTES


1 Internal growth; total growth 4.3 percent in 2Q 2025 and 8.2 percent in 6M 2025.


2 Based on quarterly dividend accrual; additional accrual to reflect FY dividend would impact Solvency II capitalization ratio by -7%-p as of June 30, 2025. This applies to all information regarding the Solvency II capitalization ratio in this document.


3 As always, natural catastrophes and adverse developments in the capital markets, as well as factors stated in our cautionary note regarding forward-looking statements may severely affect the operating profit and/or net income of our operations and the results of the Allianz Group.


4 Change refers to internal growth.


5 Change versus full year 2024.


6 Core EPS and core RoE calculation based on shareholders‘ core net income.


7 Change refers to internal growth.


8 Commercial including large Corporate, MidCorp, credit insurance, internal and 3rd party R/I. This applies to all information related to commercial performance in this document.


9 Retail including SME and Fleet. This applies to all information related to retail performance in this document.


10 Normalized CSM growth compared to March 31, 2025.


11 Normalized CSM growth compared to December 31, 2024. Percentage calculated including UniCredit Allianz Vita S.p.A. until the sale and the scope changes in the base value effective January 1, 2025.


12 Includes gross CSM of EUR 0.8 bn and net CSM of EUR 0.2 bn as of March 31, 2025, for UniCredit Allianz Vita S.p.A., which was classified as held for sale in the third quarter of 2024 and was sold in the second quarter of 2025.


13 Figure includes gross CSM of EUR 0.8 bn as of December 31, 2024 for UniCredit Allianz Vita S.p.A., which was classified as held for sale in the third quarter of 2024. Effective January 1, 2025, the German APR and the Austrian Health businesses have been transferred from Property-Casualty to the Life/Health business segment resulting in a EUR 1.2 bn shift in the gross CSM opening balance.


14 Internal growth.


2Q & 6M 2025 RESULTS TABLE


Allianz Group - key figures 2nd quarter and first half year 2025


 

 


 

 


 

 


 

 


 


 

 


 

 


 

 


 


 


 


 


 

 


 

2Q 2025


 

2Q 2024


 

Delta


 


 

6M 2025


 

6M 2024


 

Delta


 


Total business volume


 

€ bn


 

44.5


 

42.6


 

4.3%


 

98.5


 

91.0


 

8.2%


 

- Property-Casualty


 


 


 

€ bn


 

20.1


 

19.3


 

4.4%


 


 

47.1


 

44.8


 

5.3%


 


- Life/Health


 


 


 

€ bn


 

22.5


 

21.5


 

4.6%


 


 

47.6


 

42.7


 

11.5%


 


- Asset Management


 


 

€ bn


 

2.0


 

2.0


 

1.8%


 


 

4.1


 

4.0


 

3.5%


 


- Consolidation


 


 

€ bn


 

-0.2


 

-0.2


 

32.6%


 


 

-0.3


 

-0.3


 

-2.8%


 


Operating profit / loss


 

 


 

€ mn


 

4,406


 

3,926


 

12.2%


 


 

8,644


 

7,911


 

9.3%


 


- Property-Casualty


 


 


 

€ mn


 

2,295


 

1,915


 

19.9%


 


 

4,465


 

3,981


 

12.1%


 


- Life/Health


 


 


 

€ mn


 

1,403


 

1,379


 

1.8%


 

2,830


 

2,705


 

4.6%


 

- Asset Management


 


 


 

€ mn


 

779


 

742


 

4.9%


 


 

1,589


 

1,516


 

4.8%


 


- Corporate and Other


 


 


 

€ mn


 

-74


 

-112


 

-34.2%


 


 

-239


 

-291


 

-17.9%


 


- Consolidation


 

€ mn


 

3


 

2


 

43.3%


 


 

-1


 

0


 

n.m.


 


Net income


 


 


 

€ mn


 

3,018


 

2,661


 

13.4%


 


 

5,599


 

5,293


 

5.8%


 


- attributable to non-controlling interests


 

€ mn


 

177


 

149


 

19.0%


 


 

335


 

305


 

10.0%


 


- attributable to shareholders


 


 

€ mn


 

2,841


 

2,513


 

13.1%


 

5,264


 

4,988


 

5.5%


 

Shareholders’ core net income1


 

€ mn


 

2,976


 

2,536


 

17.3%


 


 

5,527


 

5,049


 

9.5%


 


Core earnings per share2


 


 

7.39


 

6.15


 

20.2%


 


 

13.99


 

12.57


 

11.3%


 


Additional KPIs


 


 

 


 

 


 

 


 

 


 


 

 


 

 


 

 


 


- Group


 


Core return on equity3


 

%


 


 


 


 


 

18.5%


 

16.9%


 

1.6%


-p


- Property-Casualty


 


Combined ratio


 

%


 

91.2%


 

93.5%


 

-2.2%


-p


 

91.5%


 

92.7%


 

-1.2%


-p


- Life/Health


 


New business margin


 

%


 

5.7%


 

5.8%


 

-0.1%


-p


5.6%


 

5.7%


 

-0.1%


-p


- Asset Management


 


Cost-income ratio


 

%


 

61.3%


 

62.4%


 

-1.1%


-p


 

61.3%


 

61.8%


 

-0.5%


-p


 


 


 


 

 


 

 


 

 


 

 


 


 

06/30/2025


 

12/31/2024


 

Delta


 


Shareholders' equity4


 


 


 

€ bn


 

 


 

 


 

 


 


 

57.2


 

60.3


 

-5.1%


 


Contractual service margin (net)5


 

€ bn


 

 


 

 


 

 


 


 

34.2


 

34.5


 

-1.0%


 


Solvency II capitalization ratio6


 

%


 

 


 

 


 

 


 


 

209%


 

209%


 

1%


-p


Third-party assets under management


 


 

€ bn


 

 


 

 


 

 


 

1,842


 

1,920


 

-4.1%


 

 

 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 


 

Please note: The figures are presented in millions of Euros, unless otherwise stated. Due to rounding, numbers presented may not add up precisely to the totals provided and percentages may not precisely reflect the absolute figures.


1_


Presents the portion of shareholders’ net income before non-operating market movements and before amortization of intangible assets from business combinations (including any related income tax effects).


2_


Calculated by dividing the respective period’s shareholders' core net income, adjusted for net financial charges related to undated subordinated bonds classified as shareholders' equity, by the weighted average number of shares outstanding (basic core EPS).


3_


Represents the annualized ratio of shareholders’ core net income to the average shareholders’ equity at the beginning and at the end of the period. Shareholders’ core net income is adjusted for net financial charges related to undated subordinated bonds classified as shareholders’ equity. From the average shareholders’ equity, undated subordinated bonds classified as shareholders’ equity, unrealized gains and losses from insurance contracts and other unrealized gains and losses are excluded. Annualized figures are not a forecast for full year numbers. For 6M 2024, the core return on equity for the respective full year is shown.


4_


Excluding non-controlling interests.


5_


Includes net CSM of EUR 0.3bn as of 31 December 2024 for UniCredit Allianz Vita S.p.A., which was classified as held for sale in 3Q 2024. Sale has been completed in 2Q 2025.


6_


Risk capital figures are group diversified at 99.5% confidence level. Solvency II capitalization ratio is based on quarterly dividend accrual; additional accrual to reflect FY dividend would impact solvency II capitalization ratio by -7%-p as of 30 June 2025.


RATING


Ratings1


 

S&P Global


 

Moody’s


 

A.M. Best2


Insurer financial strength rating


 

AA | stable outlook


 

Aa2 | stable outlook


 

A+ | stable outlook


Counterparty credit rating


 

AA | stable outlook


 

Not rated


 

aa3 | stable


Senior unsecured debt rating


 

AA


 

Aa2 | stable outlook


 

aa | stable


Subordinated debt rating


 

A+/A


 

A1/A34 | stable outlook


 

aa- / a+ | stable


Commercial paper (short term) rating


 

A-1+


 

Prime-1


 

Not rated


 


1 Includes ratings for securities issued by Allianz Finance II B.V. and Allianz Finance Corporation.


2 A.M. Best's Rating Reports reproduced on www.allianz.com appear under licence from A.M. Best Company and do not constitute, either expressly or implicitly, an endorsement of Allianz's products or services. A.M. Best's Rating Reports are the copyright of A.M. Best Company and may not be reproduced or distributed without the express written consent of A.M. Best Company. Visitors to www.allianz.com are authorised to print a single copy of the rating report displayed there for their own use. Any other printing, copying or distribution is strictly prohibited. A.M. Best's ratings are under continual review and subject to change or affirmation. To confirm the current rating visit www.ambest.com.


3 Issuer credit rating.


4 Final ratings vary on the basis of the terms.


Related links

Media Conference

August 7, 2025, 11 AM CEST: YouTube (English language)


Analyst Conference

August 7, 2025, 2:30 PM CEST: YouTube (English language)


Results

The results and related documents can be found in the download center.


Upcoming events

Financial Results 3Q & 9M 2025

November 14, 2025


More information can be found in the financial calendar.


About Allianz


The Allianz Group is one of the world's leading insurers and asset managers serving private and corporate customers in nearly 70 countries. Allianz customers benefit from a broad range of personal and corporate insurance services, ranging from property, life and health insurance to assistance services to credit insurance and global business insurance. Allianz is one of the world’s largest investors, managing around 749 billion euros* on behalf of its insurance customers. Furthermore, our asset managers PIMCO and Allianz Global Investors manage about 1.8 trillion euros* of third-party assets. Thanks to our systematic integration of ecological and social criteria in our business processes and investment decisions, we are among the leaders in the insurance industry in the Dow Jones Sustainability Index. In 2024, over 156,000 employees achieved total business volume of 179.8 billion euros and an operating profit of 16.0 billion euros for the Group.


* As of June 30, 2025.


These assessments are, as always, subject to the disclaimer provided below.


Cautionary note regarding forward-looking statements


This document includes forward-looking statements, such as prospects or expectations, that are based on management's current views and assumptions and subject to known and unknown risks and uncertainties. Actual results, performance figures, or events may differ significantly from those expressed or implied in such forward-looking statements.


Deviations may arise due to changes in factors including, but not limited to, the following: (i) the general economic and competitive situation in the Allianz’s core business and core markets, (ii) the performance of financial markets (in particular market volatility, liquidity, and credit events), (iii) adverse publicity, regulatory actions or litigation with respect to the Allianz Group, other well-known companies and the financial services industry generally, (iv) the frequency and severity of insured loss events, including those resulting from natural catastrophes, and the development of loss expenses, (v) mortality and morbidity levels and trends, (vi) persistency levels, (vii) the extent of credit defaults, (viii) interest rate levels, (ix) currency exchange rates, most notably the EUR/USD exchange rate, (x) changes in laws and regulations, including tax regulations, (xi) the impact of acquisitions including and related integration issues and reorganization measures, and (xii) the general competitive conditions that, in each individual case, apply at a local, regional, national, and/or global level. Many of these changes can be exacerbated by terrorist activities.


No duty to update


Allianz assumes no obligation to update any information or forward-looking statement contained herein, save for any information we are required to disclose by law.


Other


The figures regarding the net assets, financial position and results of operations have been prepared in conformity with International Financial Reporting Standards. This Quarterly Earnings Release is not an Interim Financial Report within the meaning of International Accounting Standard (IAS) 34. This is a translation of the German Quarterly Earnings Release of the Allianz Group. In case of any divergences, the German original is binding.


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Allianz SE is committed to protecting your personal data. Find out more in our privacy statement.


 


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Contacts

Media contacts

Frank Stoffel Tel. +49 89 3800 18124 e-mail: frank.stoffel@allianz.com

Ann-Kristin Manno Tel. +49 89 3800 18805 e-mail: ann-kristin.manno@allianz.com

Johanna Oltmann Tel. +49 89 3800 13346 e-mail: johanna.oltmann@allianz.com

Fabrizio Tolotti Tel. +49 89 3800 14819 e-mail: fabrizio.tolotti@allianz.com


Investor Relations contacts

Andrew Ritchie Tel. +49 89 3800 3963 e-mail: andrew.ritchie@allianz.com

Reinhard Lahusen Tel. +49 89 3800 17224 e-mail: reinhard.lahusen@allianz.com

Christian Lamprecht Tel. +49 89 3800 3892 e-mail: christian.lamprecht@allianz.com

Tobias Rupp Tel. +49 89 3800 7151 e-mail: tobias.rupp@allianz.com