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Kyivstar Group Reports First Quarter 2025 Financial Results in Conjunction with its Nasdaq Listing Process
Globenewswire· 2025-06-05 21:00
Core Insights - Kyivstar Group reported strong financial results for Q1 2025, with total operating revenue reaching USD 255 million, a 37.1% increase year-on-year in USD terms and 49.6% in local currency [2][5][6] - The company achieved a profit of USD 44 million for the period, reflecting a 22.2% year-on-year increase in USD and a 33.7% increase in local currency terms, resulting in a profit margin of 17.3% [2][5][6] - Adjusted EBITDA for Q1 2025 was USD 140 million, up 50.5% year-on-year in USD and 64.6% in local currency, with an adjusted EBITDA margin of 54.9% [2][5][6] Financial Performance - Total operating revenue for Q1 2025 was USD 255 million, up 37.1% year-on-year in USD and 49.6% in local currency [2][5][6] - Profit for the period amounted to USD 44 million, a 22.2% increase year-on-year in USD and 33.7% in local currency [2][5][6] - Adjusted EBITDA reached USD 140 million, representing a 50.5% year-on-year increase in USD and 64.6% in local currency [2][5][6] Customer Growth - The Multiplay customer base increased by 40.7% year-on-year to 6.1 million, representing 29.5% of one-month-active mobile customers [6] - Total digital monthly active users across Kyivstar Group's digital applications reached 10.3 million in Q1 2025, up 32.9% from 7.7 million a year earlier [6] Strategic Initiatives - The company completed the acquisition of Uklon, a leading ride-hailing business, for approximately USD 155.2 million and increased its stake in Helsi, Ukraine's largest digital health platform, from 69.99% to 97.99% [5][14] - Kyivstar Group is progressing towards a listing on the Nasdaq Stock Market, with a registration statement filed in conjunction with a business combination with Cohen Circle [8][10]
Kyivstar Group Reports First Quarter 2025 Financial Results in Conjunction with its Nasdaq Listing Process
GlobeNewswire News Room· 2025-06-05 21:00
Core Insights - Kyivstar Group reported strong financial results for Q1 2025, with total operating revenue reaching USD 255 million, a 37.1% increase year-on-year in USD and 49.6% in local currency terms [2][6][7] - The company achieved a profit of USD 44 million for the period, reflecting a 22.2% year-on-year increase in USD and 33.7% in local currency terms, resulting in a profit margin of 17.3% [2][6][7] - Adjusted EBITDA for Q1 2025 was USD 140 million, up 50.5% year-on-year in USD and 64.6% in local currency terms, with an adjusted EBITDA margin of 54.9% [2][6][7] Financial Performance - Total operating revenue for Q1 2025 was USD 255 million, up 37.1% year-on-year in USD and 49.6% in local currency terms [2][6][7] - Profit for the period amounted to USD 44 million, a 22.2% increase year-on-year in USD and 33.7% in local currency terms [2][6][7] - Adjusted EBITDA reached USD 140 million, reflecting a 50.5% year-on-year increase in USD and 64.6% in local currency terms [2][6][7] Strategic Developments - The company completed the acquisition of Uklon, a leading ride-hailing business in Ukraine, for approximately USD 155.2 million [6][14] - Kyivstar Group increased its stake in Helsi, Ukraine's largest digital health platform, from 69.99% to 97.99% [6][14] - The company is progressing towards a listing on the Nasdaq Stock Market, following a business combination agreement with Cohen Circle Acquisition Corp. [5][9] Customer Growth - The Multiplay customer base grew by 40.7% year-on-year to 6.1 million customers, representing 29.5% of one-month-active mobile customers [7] - Total digital monthly active users across Kyivstar Group's digital applications reached 10.3 million in Q1 2025, up 32.9% from 7.7 million a year earlier [7]
Chairman of the Board of North Media A/S to Change Role
Globenewswire· 2025-06-04 13:06
Group 1 - Ole Borch will step down as Chairman of North Media in the second half of 2025, transitioning to a new role as Chairman of a foundation expected to take over majority shareholding in North Media from Baunegård ApS [1] - The Board of Directors of North Media will consider and announce a new Chairman to succeed Ole Borch [2] - Ole Borch will remain in his position until the transition to the new Chairman takes effect [2] Group 2 - North Media operates platforms that connect businesses and consumers, helping consumers find products such as groceries and rental housing [4] - The company has two core business areas: Last Mile, which includes leading distributors of leaflets and local newspapers in Denmark and Sweden, and Digital Services, which encompasses growth-oriented businesses like BoligPortal, Dayli, and Bekey [4] - BoligPortal is Denmark's leading home rentals platform, while Dayli is a prominent digital offer platform, and Bekey provides digital access solutions for secured areas [4]
AI-powered trade, innovation deepen China-ASEAN ties
Globenewswire· 2025-06-03 11:53
Core Insights - The integration of AI technology is significantly transforming cross-border trade and logistics between China and ASEAN countries, enhancing efficiency and safety in operations [4][5][6][8]. Group 1: AI in Trade and Logistics - Vietnamese truckers are utilizing AI-enabled devices for navigation and safety, facilitating smoother transport into China [1]. - Friendship Pass, as China's largest land port with ASEAN, has implemented AI for customs clearance and cargo inspection, reducing the need for human intervention [5][6]. - AI applications in logistics are revolutionizing the industry, with platforms monitoring real-time interactions between support staff and truckers [7][8]. Group 2: AI Innovations and Collaborations - Guangxi Beitou IT Innovation Technology Investment Group has developed an AI platform that analyzes drivers' facial expressions to enhance safety, providing services to over 10,000 drivers [8]. - The region is focusing on creating AI products tailored for ASEAN markets, including air-ground inspection drones and digital certificate platforms [9]. - Guangxi has established the China-Laos AI Innovation Cooperation Center, marking a significant step in AI collaboration between China and ASEAN [12][13]. Group 3: Regional AI Development Initiatives - The Wuxiang Cloud Valley AI Intelligent Computing Industrial Park aims to foster AI development and resource sharing across ASEAN industries [16][17]. - Guangxi's vision includes constructing a network of AI industrial parks, targeting an output of AI-related industries exceeding 100 billion yuan (approximately 13.9 billion USD) by 2027 [23]. - Nanning is actively building the China-ASEAN AI Innovation Cooperation Center, focusing on AI, new energy applications, and health technologies [20][21][22].
Onfolio Holdings Loss Widens in Q1, Revenues Surge 77% Y/Y
ZACKS· 2025-05-22 16:36
Core Viewpoint - Onfolio Holdings, Inc. has experienced a decline in stock price despite significant revenue growth, indicating investor caution regarding the company's financial performance and future profitability [1][12]. Revenue & Earnings Performance - The company reported a 77% increase in revenues for Q1 2025, reaching $2.81 million, up from $1.59 million in Q1 2024, driven by organic growth and contributions from acquisitions [2]. - Gross profit rose 70% to $1.71 million from $1 million year-over-year, reflecting improved service revenues and margin gains despite rising costs [2]. - A net loss of $0.9 million was reported, widening 61% from a loss of $0.6 million in the previous year, with loss per share increasing to 18 cents from 11 cents [3]. Cost and Expense Analysis - Cost of revenues surged 90% year-over-year to $1.10 million, aligning with growth in service delivery and product sales [4]. - Operating expenses increased 71% to $2.49 million from $1.46 million, driven by higher selling, general and administrative costs, professional fees, and a one-time spike in stock-based compensation [4]. - Stock-based compensation accounted for $272,930 of the expense increase, primarily non-recurring [4]. Adjusted EBITDA and Cash Flow - Adjusted EBITDA for the quarter was negative $88,310, an improvement from negative $472,163 in Q1 2024, indicating a more favorable trend in core earnings when excluding one-time costs [5]. - Cash burn was reduced to $145,049 in Q1 2025 from $431,007 in the same period last year, reflecting operational improvements [6]. Business Segmentation and Growth Drivers - B2B services, particularly from RevenueZen and Eastern Standard, significantly contributed to revenue growth, with B2B revenues soaring to $1.69 million from $678,122 year-over-year [7]. - The gross profit margin improved due to a decline in product sales' cost ratio and the addition of higher-margin service revenues [7]. Interest Expenses and Financial Obligations - Interest expenses increased more than fivefold year-over-year to $100,720, influenced by debt-financed acquisitions and preferred stock dividends totaling $103,921 for the quarter [8]. Management Guidance and Strategy - Management remains confident in achieving profitability in the second half of 2025, contingent on successful execution of organic growth initiatives and targeted acquisitions [10]. - The company is expanding its AI integration strategy, focusing on automated content production and marketing efficiencies to enhance margins [10]. Recent Developments - No new acquisitions were closed in Q1 2025, but the company continued integrating its 2024 acquisitions, funded through a mix of seller notes, preferred equity, and debt [11]. - Onfolio successfully raised $700,000 in Series A Preferred Shares during the quarter to strengthen its balance sheet for future expansion [11].
中远海科:2025年继续保持战略定力 提供有价值的数字化赋能产品和数据服务
Quan Jing Wang· 2025-05-22 10:11
Core Viewpoint - The company aims to maintain strategic focus in 2025, actively engaging with the service market and tracking the shipping logistics industry's demands while leveraging its competitive advantages in technology, product quality, and brand reputation to provide valuable digital empowerment products and data services [1][2]. Group 1: Strategic Initiatives - The company plans to enhance marketing efforts for productized and platform-based services, such as its core products and platforms including Ship Vision, Navigation Security, and iShipping, to increase the proportion of high-quality business and improve gross profit levels [2]. - Establishing a major client management center to strengthen operations with both internal and external large clients is a key initiative [2]. - The company will focus on its core business, aiming to strengthen its digital shipping and supply chain services, leveraging the rich application scenarios of the China COSCO Shipping Group to build core competitiveness and expand its business [2]. Group 2: Industry Focus and Development - The company is accelerating the development of digital shipping products for external markets and advancing the smart shipping industry, which includes smart vessels, smart ports, smart shipping services, smart operations, and smart regulation [2]. - There is a commitment to optimizing and upgrading the structure of digital city and transportation businesses, with a strong emphasis on the digital transformation of transportation infrastructure, artificial intelligence, and data application platforms and products [2]. - The company will increase research and development efforts on products that address client concerns such as inspection, overload control, cost reduction, maintenance, and energy conservation, aiming to enhance overall revenue and profit levels [2].
Beeline Uzbekistan Moves its Headquarters to Tashkent's IT Park, Deepening Commitment to Uzbekistan's Digital Future
GlobeNewswire News Room· 2025-05-20 14:30
Core Insights - VEON Ltd. has opened a new headquarters for Beeline Uzbekistan in Tashkent IT Park, housing around 2,000 employees and various digital service teams [1][2][4] - The relocation signifies VEON's commitment to investing in Uzbekistan's digital future and enhancing the provision of digital services in Central Asia [2][5] Company Developments - Beeline Uzbekistan serves 8.2 million customers with mobile connectivity and has 7.6 million total monthly active users across its digital services [6] - The digital portfolio includes financial services application BeePul, streaming application Kinom, and super-app Hambi, showcasing a diverse range of offerings [6] - Beeline Uzbekistan reported 9.5 million monthly active digital users in Q1 2025, indicating strong demand for its digital services [4] Industry Context - Uzbekistan is positioning itself as a regional digital hub through its Digital Uzbekistan 2030 strategy, aiming to create a thriving digital economy [3] - The government welcomes partnerships with companies like VEON to support innovation and attract global investment [3] - VEON has been investing in Uzbekistan's telecommunications and digital infrastructure since 2006, expanding its services beyond traditional connectivity [5]
Nasdaq Notification Regarding Minimum Bid Price Requirement and Minimum Market Value of Listed Securities
Globenewswire· 2025-05-19 10:10
Core Points - Trident Digital Tech Holdings Ltd has received a notification from Nasdaq regarding non-compliance with the minimum bid price requirement, as its share price has been below $1.00 for 32 consecutive business days [1][2] - The company has a compliance period of 180 calendar days, until November 10, 2025, to regain compliance with the minimum bid price requirement [3] - If the closing bid price reaches at least $1.00 for ten consecutive business days during this period, Nasdaq will confirm compliance [3] - In case of non-compliance by the deadline, the company may be eligible for an additional 180-day grace period, provided it meets other listing requirements [4] - The company is monitoring its share price and considering options to regain compliance [5] Market Value Compliance - On May 13, 2025, Trident received a letter from Nasdaq indicating that it did not maintain the minimum market value of listed securities (MVLS) of $35 million for 31 consecutive business days [6] - The company has until November 10, 2025, to regain compliance with the MVLS requirement [6] - To regain compliance, the MVLS must meet or exceed $35 million for ten consecutive business days during the compliance period [7] - Failure to comply by the end of the MVLS compliance period may result in delisting, which the company can appeal [7] - The company is also monitoring its MVLS and considering options if compliance is not achieved [8] Company Overview - Trident is a leading catalyst for digital transformation in technology optimization services and Web 3.0 activation, based in Singapore [10] - The company offers digital solutions aimed at optimizing client experiences and promoting digital adoption [10] - Tridentity, the company's flagship product, is a secure blockchain-based identity solution designed for single sign-on authentication across various industries [11] - The company's mission is to become a global leader in Web 3.0 activation, connecting businesses to secure technological platforms [12]
云南广南:技能提升培训让“好就业”变“就好业”
Huan Qiu Wang· 2025-05-19 09:41
来源:环球网 就业是最大的民生,一头连着经济发展,一头连着百姓福祉。近年来,云南省文山壮族苗族自治州广南 县把职业技能培训作为稳定就业的关键举措,紧密结合市场需求和群众意愿,建立职业技能培训品牌与 劳务品牌双向联动的培育创建机制,开展订单式、靶向式、嵌入式技能培训,促进劳动力转移就业从松 散型向有序型、从数量型向质量型、从体力型向技能型转变,让群众就业有"术",致富有"路",推动实 现更加充分更高质量就业。 (图为陶 仙正在做人工智能标注。2024年5月15日 胡俊、黄国旭摄) 广南县旧莫乡威龙村村民陶仙,2024年7月毕业于红河学院音乐专业,她抱着先就业再择业的态度选择 加入广南"百度智能云"。刚开始,每月工资2800元,同样是参加公司组织的技能提升培训后,获得了高 级人工智能训练师资格证书,如今月工资达7000元以上。 据了解,广南"百度智能云"是一家数字服务企业,助力区域形成数字经济产业集聚,全方位释放产业带 动创业、创业带动就业、就业带动经济的倍增效应,目前公司员工达510人。 "我们公司定期不定期跟人社部门对接,组织相关的人工智能训练师培训。培训合格后就给学员颁发人 工智能训练师的技能证书,并正式录 ...
助力企业一站式数字化转型
Shen Zhen Shang Bao· 2025-05-15 23:20
光明科学城数字化工业创新中心整合西门子数字孪生技术、运营商通信能力、本地数字化服务资源及科 研院所力量,构建起集技术体验、资源共享、诊断咨询、培训服务等功能于一体的一站式数字化转型公 共服务平台。 目前,创新中心部署的软硬件资源已在多行业、多场景落地应用,掌上科创小程序已经正式上线,其中 创新中心的平台服务、展厅参观以及会务场地预约功能已全面开放。 光明科学城数字化工业创新中心开放预约 创新中心聚焦"关键共性"数字化技术建设,覆盖产品研发设计到生产制造全流程。精密模具数字化创新 平台提供机械设计、注塑模具设计等数字化工具及试样设备,帮助企业提升设计效率、降低成本;新能 源数字化创新平台配备机电一体化设计、多物理场仿真等系统,助力企业优化产品安全与性能;高端医 疗器械数字化创新平台推动行业向智能化、合规化转型。 【深圳商报讯】(记者 刘芳)近日,光明科学城数字化工业创新中心正式启动服务并开放预约,通过 一站式数字化转型平台,全面赋能企业高质量发展。该中心整合多方资源,提供涵盖技术体验、资源共 享、诊断咨询与培训等在内的全方位服务,加速推动区域工业升级和企业数智化转型进程。 创新中心充分发挥"连接器"和"加速器" ...