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August 28, 2026
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VERAXA Biotech (NASDAQ: VRXA) Expands Patent Portfolio to Support Next-Generation Cancer Therapy Platforms
VERAXA Biotech (NASDAQ: VRXA) announced an expansion of its intellectual property portfolio, filing new patent applications during the first half of 2026 covering its next-generation BiTAC-TCE and BiTAC-ADC technology platforms and related therapeutic programs. The company said previously granted patents protecting supporting technologies have also cleared the opposition period, bringing its portfolio to more than 50 […]
July 29, 2026
Pacific Century Premium Developments Limited announces interim results for six months ended June 30, 2026
HONG KONG SAR - Media OutReach Newswire - 29 July 2026 2026 Interim Results - Financial Highlights (Figures for the corresponding period in 2025 are shown in brackets) Consolidated revenue: HK$593 million (HK$ 636 million) Consolidated net loss attributable to equity holders of the Company: HK$189 million (HK$ 249 million) Basic loss per share: 9.28 HK cents (12.23 HK cents) No interim dividend (No interim dividend) Pacific Century Premium Developments Limited ("PCPD", SEHK: 00432) announced its interim results for the six months ended June 30, 2026. The consolidated revenue of PCPD and its subsidiaries (together, the "Group") amounted to HK$ 593 million, compared to HK$ 636 million for the corresponding period of 2025. The Group's consolidated loss attributable to equity holders of the Company for the first six months of 2026 totalled HK$ 189 million, compared to a net loss of HK$249 million for the corresponding period last year. Basic loss per share for the six months ended June 30, 2026 was 9.28 Hong Kong cents, compared to a loss per share of 12.23 Hong Kong cents for the corresponding period of 2025. The Board of Directors did not declare an interim dividend for the first half of 2026. For the first half of 2026, the Group delivered encouraging results as we built on our core strengths and benefited from resilient demand across the markets in which we operate. During the period, we also took steps to enhance our portfolio, including the disposals of two investment assets. These initiatives are expected to strengthen the Group's financial position and reinforce its long-term growth. Our operations in Japan performed well despite some moderation in tourism demand, shaped by changes in the composition of international visitors and fluctuations in travel demand. Park Hyatt Niseko, Hanazono, our hospitality business in Niseko, Hokkaido, delivered a stable performance with healthy occupancy and room rates, while our ski operations remained a key contributor to the Group's results. Earnings from our recreational facilities, ski lifts, equipment rentals, "Hanazono EDGE" (a restaurant and entertainment centre) and Niseko International Snowsports Schoolcontinued togrow year-on-year. We will stay focused on establishing Niseko Hanazono Resort as a world-class, all-season luxury destination and remain optimistic about its long-term development. On March 16, 2026, the Group announced the sale of its entire interest in Pacific Century Place, Jakarta ("PCP Jakarta") in Indonesia. The transaction, at a total consideration of US$400 million, was completed on June 8, 2026. Notwithstanding the disposal, the Group will continue to provide property management services in respect of PCP Jakarta. On February 13, 2026, the Group announced the sale of its entire interest in Midtown Niseko. The transaction, at a total consideration of US$80 million, was completed on May 31, 2026. The Group formed a strategic alliance with Hotel Properties Limited in Singapore to bring a Four Seasons Resort and Branded Residences to Aquella, a large-scale integrated resort development in Phang Nga. The move represents a significant milestone in PCPD's long-term vision of transforming Aquella into an integrated resort destination that effortlessly blends luxury living, recreation and exceptional service. Central Residence by the Park in Hong Kong was launched for sale in January 2026. As at the end of June, 90.9% of the total available units of the luxury residential project had already been sold. The project will be completed in the latter half of 2026. Mr. Benjamin Lam, PCPD's Deputy Chairman and Group Managing Director, said: "The first half of 2026 presented a challenging global environment, characterised by geopolitical tensions including the conflict in the Middle East, inflation, trade uncertainties and concerns over monetary policies. Despite the headwinds, global growth was relatively resilient, while international tourism in many parts of Asia continued to perform steadily. The Group's core markets in Asia generally remained solid during the period. Tourism demand continued to support Japan and Thailand despite a slightly more measured pace of growth. Improving sentiment in Hong Kong's property market also provided a more favourable backdrop for our luxury residential development. In the second half of the year, we will continue to enhance the value of our existing assets while positioning the Group to capitalise on opportunities that support our long-term strategy and create value for our stakeholders." Hashtag: #PacificCenturyPremiumDevelopmentsThe issuer is solely responsible for the content of this announcement.About PCPDPacific Century Premium Developments Limited ("PCPD" or the "Group", SEHK: 00432) is principally engaged in the development and management of premium-grade property and infrastructure projects as well as premium-grade property investments. PCCW Limited ("PCCW", SEHK: 00008) is the single largest shareholder of the Group.
July 29, 2026
Bison Bank becomes Portugal's first MiCA-Regulated Crypto-Asset Service Provider
Joins a limited group of 30 EU banking institutions to offer Crypto-Asset Services under the new legal framework, bridging traditional finance with the digital asset economy. LISBON, PORTUGAL - Media OutReach Newswire - 29 July 2026 - Bison Bank has become the first bank in Portugal to operate directly as a Crypto-Asset Service Provider (CASP) under the European MiCA (Markets in Crypto-Assets) regulation, consolidating its position at the forefront of financial innovation. Bison Bank's CASP activity will be undertaken through the merger of its fully owned subsidiary, Bison Digital Assets (BDA), already approved by the Bank of Portugal. The move follows a journey that began in 2022, when BDA became the first bank-owned Virtual Asset Service Provider (VASP) in Portugal. "We were pioneers three years ago when we realized the future of banking would involve integrating digital assets. Now, with a clear and solid European framework like MiCA, we are bringing this area into the heart of the bank," states António Henriques, CEO of Bison Bank. "The CASP license and the merger realize our vision for the bank of the future: a single, regulated entity with the robustness of a bank and the agility of the crypto world." Bison Bank's CASP license, along with the integration of BDA, which in 2025 served approximately 275 clients and handled traded volume of €165 million, positions the bank to accelerate its on-chain strategy. The new CASP structure offers institutional clients simplified access to custody, exchange and advisory services for crypto-assets under a bank-grade compliance and risk management framework. It also supports new products, including the recently launched EUB and USB E-money tokens (stablecoins), and future real-world asset (RWA) tokenization solutions. This strategy is backed by the bank's strength. Bison Bank closed 2025 with recurring net profit of €5 million, doubling the previous year, and a CET1 capital ratio of 38.5%, amongamong the highest in European banking. Its leadership in digital assets was recognized with the "Portugal's Best for Digital Assets" distinction at the Euromoney Global Private Banking Awards 2026. Bison Bank, S.A. is a Portuguese bank providing Private Banking, Depositary Bank, Corporate Advisory and Digital Assets services to individual and institutional clients, connecting European and global markets. Bison Digital Assets S.A. is the first Virtual Asset Service Provider licensed by the Bank of Portugal and fully owned by a Portuguese bank, offering digital asset custody and exchange services. Hashtag: #BisonBank #MiCA #CASP #CryptoAssets #DigitalAssets #DigitalFinance #FinancialInnovation #EuropeanBanking #BankingInnovation #Fintech #Stablecoins #Tokenization #Blockchain #RegulatedCrypto #PortugalThe issuer is solely responsible for the content of this announcement.
July 29, 2026
iWOW Raises S$15.0 Million For Next Phase of Growth
More than 10 Institutional investors and Strategic investorSINGAPORE - Media OutReach Newswire - 29 July 2026 - iWOW Technology Limited is pleased to announce it has completed the placement of 66,667,000 new ordinary shares at a placement price of S$0.225 per Placement Share raising gross proceeds of approximately S$15.0 million. The Placement strengthens the Group's balance sheet following the acquisition of The Gentle Group and provides capital for the Group to accelerate its next phase of growth. Broadening the Institutional Shareholder Base Participants include fund managers under Singapore's EQDP, Institutional investors include (in alphabetical order) Amova Asset Management, Areca Capital Sdn Bhd, Asdew Acquisitions, Avanda Investment Management Pte. Ltd. (on behalf of certain investment funds and/or managed accounts), Azure Capital, Ginko-AGT Global Growth Fund, ICH Synergrowth Fund, Lion Global Investors Ltd (as investment manager for and on behalf of its clients), Tokio Marine Life Insurance Singapore Pte. Ltd., UOB Asset Management Ltd and Value Partners Hong Kong Limited. Alongside strategic healthcare investors, notably Dr. Lim Cheok Peng, a renowned cardiologist who was Managing Director of IHH Healthcare from 2011 to 2013, who led IHH through its early growth, including its landmark 2012 dual listing on Bursa Malaysia and the Singapore Exchange, which at the time was one of the world's largest healthcare IPOs. The strong interest from institutional and strategic investors underscores their confidence in the Group's growth strategy, and validates its plans to accelerate expansion across its AgeTech, Clinical Nutrition and IoT businesses. Participation by EQDP fund managers will broaden and deepen the Company's institutional shareholder base and is expected to support greater market visibility, trading liquidity and market depth over time. As populations age across Asia and other developed markets, iWOW is building an integrated longevity platform centred on three complementary pillars: * Safety – Buddy of Parents ("BOP") provides AI-powered monitoring, emergency response and fall detection, enabling seniors to live independently with greater confidence; * Sustenance – Following the acquisition of The Gentle Group ("TGG"), iWOW offers clinically formulated therapeutic nutrition for seniors managing dysphagia, diabetes, kidney disease and other age-related conditions; and * Social Connection – Through its collaboration with GetSetUp, iWOW helps older adults stay socially connected, digitally engaged and lifelong learners. Together, these businesses form a differentiated ecosystem addressing the physical, nutritional and social needs of ageing populations, while strengthening long-term customer engagement. Hashtag: #agingpopulation #investorrelationsThe issuer is solely responsible for the content of this announcement.About iWOW TECHNOLOGY LIMITED iWOW Technology Limited is a Singapore Exchange ("SGX") listed technology company focused on purpose-driven innovation, leveraging its strengths in wireless communications R&D to deliver IoT solutions for rapidly urbanising and ageing societies. iWOW is known for its innovative AgeTech solutions under the Buddy of Parents ("BOP") brand, which was a recipient of the DBS Foundation Impact Beyond Award
July 28, 2026
Greenland Mines (NASDAQ: GRML) Secures Canadian Patent for Klotho Gene Therapy Technology
Greenland Mines (NASDAQ: GRML) announced that Innovation, Science and Economic Development Canada has granted a patent covering technology exclusively licensed by the company for Klotho-based gene therapies targeting cognition, memory and neurodegenerative diseases. The patent protects the use of the secreted Klotho (“s-KL”) RNA splice variant in genetic therapies and includes 42 claims covering its synthesis, delivery methods and potential […]
July 28, 2026
Datavault AI (NASDAQ: DVLT) Advances NIL Debit Card Initiative, Names Ronald Goldstein to Lead Sports Licensing
Datavault AI (NASDAQ: DVLT) announced progress on its NIL debit card capability through its embedded banking and payments arrangement with Fiserv while appointing Ronald M. Goldstein to lead professional sports licensing for its NIL Vault (“NILv”) platform. The company said the planned payment wallets and debit cards are intended to enable participating athletes to receive, manage […]
July 28, 2026
Wrap Technologies (NASDAQ: WRAP) Brings Remote Restraint Innovation and Emerging Detection Tech to Modern Public Safety
A Widening Market for Response-to-Resistance Technology High-profile use-of-force incidents have driven costly litigation, strained community trust, and increased scrutiny of how officers are equipped and trained. That environment has pushed agencies toward tools that create time, distance, and tactical advantage, particularly in encounters involving individuals in mental- or behavioral-health crises and has widened the customer […]
July 28, 2026
VERAXA Biotech (NASDAQ: VRXA) Shareholders Approve Corporate Governance, Financing Measures
VERAXA Biotech (NASDAQ: VRXA) announced that shareholders overwhelmingly approved all proposals presented at its Extraordinary General Meeting, with more than 99.94% of votes cast in favor and 72.20% of the company’s outstanding share capital represented. The approved measures include the introduction of conditional share capital for shareholder options and warrants, implementation of a capital band through Dec. 31, 2030 and […]
July 28, 2026
DFI Retail Group Holdings Limited 2026 Half-Year Results For The Six Months Ended 30 June 2026
The following announcement was issued today to a Regulatory Information Service approved by the Financial Conduct Authority in the United Kingdom. DFI RETAIL GROUP HOLDINGS LIMITED HALF-YEAR RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2026 Highlights Underlying profit from continuing businesses1 grew 44% to US$117 million Reported profit was US$118 million, compared to a US$38 million loss in the prior year period Like-for-like (LFL) subsidiary sales growth from continuing businesses2 improved to 3% Health & Beauty sustained strong LFL sales; Convenience and Home Furnishings returned to growth E-commerce and DFIQ Media contributed to approximately 35% of sales growth Return on capital employed improved to 12%, up from 9% as of December 2025 Interim dividend of US¢6.20 per share, up 77% year-on-year. Maintain full-year dividend payout of 70% Raised full-year organic revenue3 growth guidance to be between 3.0% and 4.0%, and underlying profit to be between US$285 million and US$305 million Announced 100% interest acquisition of Cody Hong Kong (Cody HK), one of the leading outdoor advertising solution providers in Hong Kong HONG KONG SAR - Media OutReach Newswire - 28 July 2026 - "Our first-half performance, with underlying profit1 growth of 44% and a consistently improving LFL subsidiary sales trend, reflects the strength of our strategy in action – a sharper value for customers, a strong focus on returns and execution with discipline. This was supported by sustained momentum in Health & Beauty, as well as strong recovery in Convenience and Home Furnishings segments. Our acquisition of Cody HK's extensive outdoor media portfolio, together with its experienced leadership team, strengthens our capability to deliver full-funnel, omnichannel advertising solutions while accelerating the growth of DFIQ Media. As we continue to deepen customer engagement and build new profit pools through the DFI Omni Platform, we are well-positioned to deliver sustainable long-term value with greater earnings resilience." Scott Price Group Chief Executive DFI RETAIL GROUP HOLDINGS LIMITED HALF-YEAR RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2026 OVERVIEW The Group delivered strong performance in an evolving macroeconomic climate, underpinned by disciplined execution and a focus on driving higher returns. A portfolio built on everyday essentials, combined with a strong value proposition with convenience, continues to resonate with customers against the backdrop of oil price volatility. For the first half of 2026, subsidiary LFL sales growth from continuing businesses4 further improved to 3%. This was driven by sustained strong momentum in the Health & Beauty segment, as well as a return to growth in both the Convenience and Home Furnishings businesses. Price reinvestment, supported by a reset in sourcing strategy, drove Food volume growth with Wellcome's basket price now trading at a discount relative to the Greater Bay Area5, compared to a premium in the prior year. The Group's commitment to retail excellence, a lean overhead structure and expanded omnichannel touchpoints enables us to serve our customers with better pricing and better experience. The DFI Omni Platform further strengthens this by seamlessly integrating our extensive store network with digital capabilities, delivering greater convenience and personalisation while unlocking new value pools through rich, cross-format data insights. Developing and scaling high-margin revenue streams, including retail media (DFIQ Media) and insights monetisation (DFIQ Insights), will diversify our profit base and support long-term value creation. To enhance operational efficiency and improve productivity of team members, the Group introduced GenAI-powered tools in the first half of 2026, with plans to scale deployment across operating markets in the coming months. In parallel, AI capabilities are increasingly embedded across core retail functions, including assortment optimisation, promotion planning and demand forecasting, to drive better, more data-driven decisions. The Group undertook a thorough review of the cost structure with the aim of driving sustainable savings and improving long-term cost efficiency. This has led to a reallocation of resources and costs toward format-level operations, driving greater agility and responsiveness to evolving market conditions, while continuing to reduce central selling, general and administrative (SG&A) costs through overhead optimisation. Combined with improving digital economics, underlying operating profit from continuing businesses6 grew 14% year-on-year in the first half of 2026. Improved operating performance and lower financing costs contributed to an 11% increase in underlying profit attributable to shareholders, or 44% from continuing businesses7 only. The Group maintained a healthy balance sheet with a net debt position of US$22 million as of 30 June 2026. Return on capital employed further improved to 12%, up from 9% as of December 2025. The Group declared an interim dividend of US¢6.20 per share, representing a significant increase of 77% compared to the same period last year. This enhanced interim dividend distribution underscored the Board's confidence in the Group's underlying business momentum and strong cash flow generation, while ensuring sufficient capital for future growth in line with our 70% payout policy. OPERATING PERFORMANCE Overall For the first half of 2026, underlying subsidiary revenue from continuing businesses6 was US$4.1 billion, up 4% year-on-year and 3% on a LFL basis. The growth was driven by strong performance in the Health & Beauty division, as well as a return to growth in the Convenience and Home Furnishings segments. Total revenue, including Maxim's, was US$5.6 billion. Excluding divestments7, total revenue increased by approximately 4%. Overall underlying profit attributable to shareholders from continuing businesses7 grew 44% year-on-year to US$117 million, primarily driven by improved operating profit and lower financing costs. Underlying subsidiary profit from continuing businesses6 was US$101 million, reflecting a 49% year-on-year increase, primarily driven by earnings recovery in the Home Furnishings and Food segment with lower SG&A expenses as a result of overhead reduction. Underlying profit from associates was US$16 million, down from US$30 million in the prior comparable period, which included share of profits from Robinsons Retail ahead of its disposal. Excluding this, profit contribution from associates was up 22% year-on-year due to robust sales growth and effective cost optimisation at Maxim's. The Group reported operating cash flow after lease payments of US$178 million, 16% higher than the prior year period, driven by underlying operating profit growth. Free cash flow for the period was a net inflow of US$85 million, down 5% year-on-year, due to increased capex investment in priorities that will further strengthen the Group's competitive position while driving long-term value for shareholders. Digital Capturing a significant share of daily essential customer missions in Hong Kong, the DFI Omni Platform – powered by yuu – enables deeper customer engagement across offline and online touchpoints, maximises data capture and unlocks incremental margin opportunities beyond core retail through DFIQ Media and DFIQ Insights. Overall digital turned profitable, with e-commerce and DFIQ Media contributing to approximately 35% of total revenue growth in the first half of 2026. This was supported by improved underlying e-commerce economics, a rising online sales penetration8 to 6.9% and 3 times in DFIQ Media revenue compared to first half of 2025. As of June 2026, more than 10,000 digital media-ready screens were available across DFI outlets. Subsidiaries Sales for the Health & Beauty division were US$1.4 billion, up 8% year-on-year from continuing businesses9, 7% in constant currency, or 6% on a LFL basis, with continued market share gains across key operating markets. Mannings and Guardian deepened their leadership as the trusted advisors for wellness through an enhanced, wellness-focused assortment and continued roll-out of skin and scalp assessment services across a wider store network. The recently announced exclusive distribution partnership with Holland & Barrett, a leading UK health and wellness retailer, will further expand customer access to trusted wellness solutions in Hong Kong and Singapore, followed by a broader rollout across selected Asia markets in the coming years. In Hong Kong and Macau, Mannings delivered 5% LFL sales growth, driven by increased basket size and robust tourist store sales amid higher visitor arrivals. In Southeast Asia, Guardian achieved strong LFL sales growth of 9%, supported by higher basket sizes and improved promotional efficiency, with Indonesia and Vietnam delivering close to 20% LFL growth. Excluding the impact of cost reallocation and closure of Mannings China offline stores, divisional profit increased moderately by 2% to US$109 million. Margin declined primarily due to increased strategic promotions to drive stronger sales and market share in Southeast Asia, particularly in Malaysia where health & beauty retailers did not benefit from the SARA Cash Aid Programme. Total Convenience sales were US$1.2 billion, up 4% year-on-year or 2% on a LFL basis, as continued growth in higher-margin categories, including ready-to-eat (RTE) and exclusive collectibles, more than offset the decline in lower-margin cigarette volumes. Hong Kong LFL sales returned to growth in the second quarter following ten consecutive quarters of decline, supported by RTE and an expanded non-food assortment, including limited-edition collectibles and K-pop merchandise. Excluding cigarettes, LFL sales were up 3% for the period. In Singapore, effective promotional campaigns and collectible product launches drove strong LFL sales growth of 8%. In South China, continued store network expansion through a capex-light franchise model – including a net addition of 112 stores since June 2025 to nearly 1,980 locations – contributed to 12% sales growth year-on-year or 6% on constant currency basis. LFL sales were 1% higher compared to the prior year period, driven by the successful launch of Own Brand in key categories of frozen products and packaged drinks. The team remains focused on driving footfall and sales through further expansion of the RTE offering across both offline and online channels. This includes a broader rollout of the Food Bar to 453 stores as of June 2026, up from 325 at year-end 2025, and strong overall online sales growth of more than 35%. Excluding cost reallocation impact, profit for the division increased by 2% to reach US$37 million. Reported sales for the Food division from continuing businesses10 were US$1.1 billion, up 1% year-on-year. LFL sales returned to positive growth of 0.5% in the second quarter of 2026. In Hong Kong, investment in reduced pricing on core basket items, a stronger fresh proposition, and Own Brand offering drove 2% increase in total volume and 0.5% LFL sales growth in the first half of 2026. As of June 2026, Wellcome's "Everyday Value" range has expanded to nearly 500 items, offering savings of up to 40%, bringing its basket price down from a premium to a discount relative to the Greater Bay Area. The team also accelerated omnichannel growth with more than 35% growth in online order volume. In Cambodia, Lucky reported strong double-digit sales growth, with profit more than doubling year-on-year. The plan to open 50 new stores over the next few years remains on track. Macau Food sales remained challenging as a result of cross-border grocery shopping. Excluding the impact of cost reallocation and the divestment of Singapore Food, overall divisional profit increased by 27% year-on-year to US$17 million. The Home Furnishings division delivered strong recovery in performance during the first half of 2026, with LFL sales growth of 4%, compared to a decline of 6% in the prior year period. Price reinvestment in core value SKUs, a stronger focus on locally relevant ranges and IKEA Food innovation drove increased footfall and items per baskets, resulting in a 3% LFL sales growth in Hong Kong and 5% in Taiwan. IKEA Food remains a critical traffic and revenue driver, accounting for 15% of total sales. In Indonesia, while offline sales momentum remained soft, LFL sales trend improved on a strengthening IKEA's omnichannel proposition with online sales penetration reaching 24%. Sales recovery and effective cost optimisation measures contributed to 85% growth in overall divisional profit, excluding cost reallocation impact. Associates The Group's share of Maxim's underlying profits was US$16 million for the first half of 2026, up 15% year-on-year, underpinned by continued cost optimisation and operational efficiency measures. Sales for the period increased by 4%, driven by strong restaurant performance in Southeast Asia and a return to growth in the Chinese mainland, partially offset by weaker sales in Hong Kong. RECENT BUSINESS DEVELOPMENTS On 30 June 2026, the Group announced the acquisition of 100% interest in Cody Hong Kong (Cody HK), one of the leading outdoor advertising solution providers in Hong Kong, for a cash consideration of HK$30.2 million (approximately US$3.8 million) from ARN Media Network Limited (ASX: A1N), subject to customary adjustments. The acquisition advances DFI's strategy to build a full-funnel advertising solution in Hong Kong through DFIQ Media. By integrating Cody HK's strategic assets – including multi-year exclusive advertising rights with Kowloon Motor Bus (KMB) and Hong Kong Tramways (HKT) – with DFI's extensive store network, growing online user base, and closed-loop measurement capabilities, DFIQ Media strengthens its ability to deliver high-impact advertising solutions to a broader advertiser base across online, in-store, and outdoor channels. Subject to satisfaction of third-party consents, the transaction is expected to complete in the second half of 2026. PEOPLE On 6 July 2026, the Group announced four senior leadership appointments effective from 1 August 2026. These moves reflect the Group's continued focus on strengthening its leadership pipeline and driving the next phase of growth with experienced, proven leaders. Andrew Wong will be appointed Chief Executive Officer, DFI IKEA. Formerly CEO of Health & Beauty, Andrew brings extensive experience in driving customer-led growth, operational discipline and in-store digitalisation across multiple markets. His earlier leadership of franchise operations at Jardine Restaurant Group positions him well to lead the IKEA business into its next phase of development. Curtis Liu, having most recently served as Chief Executive Officer of Food, will be appointed Chief Executive Officer, Health & Beauty. His proven leadership in driving customer value repositioning in Hong Kong, combined with deep operational retail knowledge and digital experience at JD.com, positions him well to drive continued momentum and omnichannel growth in Health & Beauty. Tom van der Lee will be appointed Chief Executive Officer, Food. Tom has played an instrumental role as Group Chief Financial Officer, driving financial discipline and supporting key strategic decisions across the Group. His prior experience at FrieslandCampina, a global food company, and his broad financial leadership across DFI banners in Southeast Asia supported his strong commercial grounding to lead the Food business. Kaizhi Wu will succeed Tom as Group Chief Financial Officer. Kaizhi currently serves as Group Finance Director, Planning & Reporting, based in Hong Kong. Prior to joining DFI, he served as Executive Vice President and Chief Financial Officer of Yonghui Superstores Co., and earlier held senior roles at Jardine Matheson, Fosun Group and PwC in London. Kaizhi will join the Group's Management Committee upon assuming his new role. OUTLOOK The Group remains confident in our ability to navigate the evolving trading environment, supported by sharpened business priorities, a strong balance sheet and low-cost operating model. Financial outlook outlined at the Investor Day in December 2025 remains intact as DFI continues to execute our multi-year strategic initiatives that are critical to driving sustainable revenue and earnings growth. These initiatives include strengthening our value proposition, strategically expanding store network, enhancing omnichannel capabilities and accelerating digital asset monetisation through data-driven insights. In particular, the growing DFI Omni Platform will deepen our customer engagement, further reinforce our core retail strength and enhance overall earnings resilience in the long term. Despite an elevated oil price outlook for the remainder of the year, the Group expects to deliver stronger profitability supported by enhanced operational efficiency. As a result, the Group revises up its full-year organic revenue growth11 outlook to be between 3.0% and 4.0% (up from previously 2.0% to 3.0%), and underlying profit attributable to shareholders to be between US$285 million and US$305 million (up from previously US$270 million and US$300 million). Scott Price Group Chief Executive ----------------- 1 Excluding impacts of divestment of Singapore Food business, closure of Mannings China and disposal of minority stake of Robinsons Retail 2 Excluding impacts of divestment of Singapore Food business and closure of Mannings China 3 Excluding Singapore Food and Mannings China 4 Excluding impacts of divestment of Singapore Food business and closure of Mannings China 5 Based on a third-party assured price comparison of a 200-item comparable basket between DFI and Shenzhen 6 Excluding impacts of divestment of Singapore Food business and closure of Mannings China 7 Excluding impacts of divestment of Singapore Food business, closure of Mannings China and disposal of minority stake of Robinsons Retail 8 Excluding cigarettes under Convenience and IKEA Food 9 Excluding Mannings China 10 Excluding Singapore Food business 11 Excluding Singapore Food and Mannings China Hashtag: #DFIRetailGroup #Mannings #Guardian #7-Eleven #Wellcome #MarketPlace #IKEA #yuu #Maxim'sThe issuer is solely responsible for the content of this announcement.DFI Retail GroupDFI Retail Group (the Group) is a leading Asian retailer, driven by its purpose to 'Sustainably Serve Asia for Generations with Everyday Moments'. At 30 June 2026, the Group and its associates operated 7,659 outlets across 12 markets, of which 5,593 stores were operated by subsidiaries. The Group, together with its associates, employed over 81,000 people, with more than 43,000 people employed by subsidiaries. The Group had reported revenue of US$8.9 billion in 2025. The Group is committed to delivering quality, value and service to consumers across the region through trusted brands, strong local market positions, and a broad retail ecosystem supported by extensive store networks, digital capabilities and efficient supply chains. The Group and its associates operate a portfolio of well-known brands across five key divisions. The principal brands are: Health and Beauty Mannings in Hong Kong and Macau S.A.R.; Guardian in Brunei, Indonesia, Malaysia, Singapore and Vietnam. Convenience 7-Eleven in Hong Kong and Macau S.A.R., Singapore and Southern China. Food Wellcome and Market Place in Hong Kong S.A.R.; San Miu in Macau S.A.R.; Lucky in Cambodia. Home Furnishings IKEA in Hong Kong and Macau S.A.R., Indonesia and Taiwan. Restaurants Hong Kong Maxim's group on the Chinese mainland, Hong Kong and Macau S.A.R., Cambodia, Laos, Malaysia, Singapore, Thailand and Vietnam. The Group's parent company, DFI Retail Group Holdings Limited, is incorporated in Bermuda and has a primary listing in the equity shares (transition) category of the London Stock Exchange, with secondary listings in Bermuda and Singapore. The Group's businesses are managed from Hong Kong. DFI Retail Group is a member of the Jardine Matheson group.
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