Category Archives: News

Exicom Opens FY27 with Order Wins Across Both Businesses as Revenue Grows Sharply Year on Year

• Standalone revenue up ~57% YoY, EBITDA more than doubles
• Consolidated EBITDA loss narrower YoY; margin under pressure

NEW DELHI, Aug. 10, 2026 /PRNewswire/ — Exicom Tele-Systems Limited (BSE: 544133) (NSE: EXICOM), one of India’s leading EV charging and critical power companies, today announced its financial results for the first quarter of FY27. Standalone revenue rose ~57% year on year to ₹237 crore and EBITDA more than doubled to ~₹21 crore, lifting the EBITDA margin for Q1 to 8.8%. On a Consolidated basis, revenue grew 61% to ₹331 crore, with the EBITDA loss narrowing to ~₹22 crore from ~₹39 crore last year.

A Quarter That Moved the Year Forward, With Margin Still to Follow

Measured against the same quarter last year, both businesses grew strongly and consolidated losses narrowed. Revenue and profitability, however, declined sequentially, from Q4 FY26, as is usually the case in the first quarter. Most of the gap is visible in the (consolidated) gross margin – 31.7% against 39.4% a year ago. A bulk of this can be attributed to the external cost environment including exchange rate volatility and input cost pressures owing to key component prices. We are addressing it at source, building resilience into our supply chain. Underneath the quarterly numbers, both businesses built a strong order book.

EV Charging: A Quarter Spent Winning the Year’s Business

India’s EV market marked a pivotal moment this quarter, crossing 80,000 electric four-wheeler sales for the first time. A market of that size gives Exicom a materially larger base to sell into, across home charging and the public networks operators build. On the AC side, Exicom recorded a YoY growth of 35% in Q1 FY27. DC sales ran softer, as the first quarter is when charging network operators set budgets and plan sites. Exicom’s India EV business grew revenue 15% year-on-year, and order booking stayed healthy. Some of the key business highlights are captured below:

• On AC charging, Exicom became sole supplier of 7.4 kW units to a leading carmaker. The company strengthened its flagship Spin Air AC charging portfolio with the launch of an AI-chatbot – SpinWise and a new generation of its Spin Control app which now has public charger discoverability, real-time tracking and seamless support. Looking ahead, with EV makers forecasting much higher volumes owing to the market buoyancy, Exicom is working towards doubling its AC line capacity starting Q3.
• Across public charging, Exicom brought on fifteen new charge point operators, securing orders for over 180 DC chargers with Bus/Truck OEMs and Charging Network operators till October 2026. Exicom also renewed its long-term partnership with a leading e-trucking company.
• On the product side, Exicom introduced Slim DC chargers; sub-100 kW DC charging for dense commercial spaces. These Slim series chargers are enabled with smart tech features like Ring Topology which enables inter-charger power sharing to maximize efficiencies and throughputs.
• In exports, Exicom expanded its global footprint with orders from ten new countries, widening the base, while maintaining steady momentum across Southeast Asia and Middle East markets. The company also undertook extensive product development efforts, building an end-to-end ecosystem for selling custom-built and certified AC and DC chargers in specific European markets.

Tritium: Order Intake Steps Up as Next-Generation Products Reach Customers

Tritium recorded a revenue of USD 10.3 million and 508 charger sales in the current quarter. The next phase of Tritium’s progress is now showing in its order book. During the quarter the business booked USD 20.8 million in orders, roughly double the previous quarter. Its newest high power charging system TRI-FLEX is under lab validation with the largest open public charging network in the US and on the power side, the first GRID-FLEX system started to operate at a hyperscale customer in June 2026. These developments, together with a strengthening order book, should support meaningful scale from Q2 FY27 onwards and keep Tritium on track for EBITDA breakeven in Q4 FY27.

Critical Power: A Quarter That Built the Order Book

Critical Power revenue grew 80% year on year, carried largely by 5G site expansion by leading telcos and Bharat Net Phase 3, where Exicom holds over 60% wallet share. Company’s Battery Energy Storage Systems (BESS) portfolio which consists of solutions up to 300 kWh for home and C&I segment also added 14 customers and close to ₹20 crore bookings in Q1, an early base we expect to scale in FY27. Export markets continued to perform well with Africa and the Middle East contributing to 8% of revenues.

Remarking on the performance, Anant Nahata, Managing Director and CEO, Exicom, said: “Against the same quarter last year this is a stronger business. The Q1 revenue trajectory materialised as planned, however, cost pressure took more out of margins than what we anticipated. Looking at FY27, we are excited to see the EV market expand beyond its current shape and form. I am confident about the year ahead, and that confidence comes from where both our businesses now sit, with more customers, more geographies, a deeper order book, and commitments that deliver through FY27.”

About Exicom:

Exicom is one of India’s leading EV charging and Critical Power solutions manufacturer, present across the entire EV charger value chain with a host of products across both AC & DC charger segments and is spearheading India’s transition to sustainable transportation while ensuring the smooth functioning of critical infrastructure. With a wealth of expertise across its divisions, Exicom’s critical power solutions serve as the backbone of communication networks, delivering uninterrupted power supplies crucial for telecom infrastructure. With a footprint spanning India, Southeast Asia, Middle East, US, Europe and over 200,000 chargers sold worldwide, Exicom is at the forefront of shaping the global EV charging landscape.

Certain statements in this release may be forward-looking statements within the meaning of applicable securities laws and regulations. Actual results may differ materially from those expressed or implied depending upon economic conditions, government policies and other incidental factors.

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RMZ’s Ecoworld 30 and RMZ Infinity Earn British Safety Council Five-Star Rating

Mumbai, Aug 10: RMZ, India’s largest privately owned real assets platform, announced that RMZ Ecoworld 30, and RMZ Infinity, Bengaluru, have been awarded the British Safety Council Five-Star Rating. The recognition follows a comprehensive assessment of the assets’ employee health, safety, wellbeing, and environmental management systems. Conducted by British Safety Council officials, the evaluation reviewed RMZ’s processes and procedures, as well as the improvements implemented across both properties since the previous audit cycle.

With this achievement, RMZ Ecoworld 30 and RMZ Infinity are now eligible to apply for the British Safety Council’s Sword of Honour, one of the most prestigious international accolades recognizing organizations that demonstrate excellence in occupational health, safety, and environmental management.

The Five-Star Rating further strengthens RMZ’s portfolio of high-performing commercial assets and reinforces the company’s commitment to responsible asset management, operational excellence, and the creation of future-ready workplaces aligned with global ESG, health, safety, and wellbeing standards.

XAUE and ListaDAO Launch 60-Day slisXAUE Rewards Campaign, Offering Up to 8% APY

PANAMA CITY, Aug. 10, 2026 /PRNewswire/ — XAUE and ListaDAO today announced the launch of a 60-day slisXAUE Rewards Campaign, offering eligible users enhanced yield opportunities on tokenized gold through DeFi.

Running from August 10 to October 8, the campaign offers up to 8% combined APY potential which rewards long-term participation through a time-weighted holding mechanism while further expanding the utility of gold-backed digital assets within the on-chain ecosystem.

Yield-Bearing Gold, Built for DeFi

XAUE is a yield-bearing layer built on top of Tether Gold (XAU₮), enabling tokenized gold to generate on-chain yield.

At the center of the campaign is slisXAUE, a yield-bearing gold token issued by ListaDAO in partnership with XAUE Protocol. Users can deposit XAU₮ through Lista RWA to receive slisXAUE, maintaining gold-linked exposure while accessing XAUE’s yield capabilities through a transferable tokenized position.

Subscribe and Hold to Unlock Up to 8% APY

Participation follows three steps: deposit XAU₮ through Lista RWA to receive slisXAUE, hold slisXAUE during the campaign, and meet the final holding and ranking requirements.

Rather than relying on a single balance snapshot, participant rankings are determined by time-weighted average holdings throughout the 60-day campaign, encouraging consistent participation over short-term positioning.

At the end of the campaign, addresses with a time-weighted average holding of at least 20 slisXAUE that rank among the top 10 will qualify for rewards. Each qualifying address will receive an additional 5% APY, capped at $1,000 in XAU₮. Together with slisXAUE’s approximately 3% native yield, eligible participants may unlock up to 8% combined APY potential.

Rewards will be distributed automatically after eligibility verification, with no manual claim required.

Making Tokenized Gold Productive On-Chain

The campaign reflects XAUE’s continued commitment to expanding tokenized gold across DeFi through ecosystem partnerships. By combining XAUE’s yield-bearing gold layer with ListaDAO’s RWA access and distribution capabilities, the collaboration makes yield-bearing gold more accessible and demonstrates how tokenized gold can function as a productive and composable on-chain asset.

Through slisXAUE, users can maintain gold-linked exposure while accessing additional yield opportunities—improving capital efficiency and encouraging sustainable, long-term on-chain participation.

The campaign is now live. Users can visit the official campaign page for eligibility requirements, campaign rules, and participation details.

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Values-Based Leadership Takes Centre Stage at Viraj Profiles with Inspiring Address by BK Shivani Behn

MUMBAI, India, Aug. 10, 2026 /PRNewswire/ — Viraj Profiles Pvt. Ltd. recently hosted a leadership session by the renowned spiritual mentor BK Shivani Behn on the theme ‘Values-Based Leadership for a Sustainable Future’, bringing together employees, senior leadership and members of the Viraj Profiles family for an evening dedicated to purpose, integrity and responsible leadership. 

Held at Viraj International School, Boisar, the session encouraged the participants to understand the role of values in shaping not only successful organisations, but also resilient individuals and sustainable communities. Through practical insights and thought-provoking perspectives that were related to people’s everyday routines, BK Shivani Behn emphasised that leadership extends beyond professional responsibilities and begins with the choices, attitudes and values that individuals practise every day. The session by the esteemed speaker gave the audience mindful guidance in a very simplistic manner which could help a person evolve from thinking like an individual to understanding like a leader for the team as well as the organisation.

The event witnessed enthusiastic participation from employees across the organisation, with interactive discussions highlighting the growing importance of emotional resilience, ethical decision-making and conscious leadership in today’s evolving business environment. 

As a mark of appreciation, the chairman, Mr. Neeraj Raja Kochhar presented a commemorative memento to BK Shivani Behn in recognition of her inspiring address and valuable contribution to the event. 

As industries continue to evolve, Viraj Profiles remains committed to creating opportunities that encourage meaningful dialogue, inspire continuous learning and reinforce the values that contribute to sustainable business and societal progress. 

About Viraj Profiles Pvt. Ltd.

Established as a forerunner in stainless steel product manufacturing, Viraj Profiles has earned a distinguished reputation for producing stainless steel products of the highest quality for industries across the globe.

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Kikkoman India releases long-awaited second instalment of the ‘Kikkoman Manga’

-Storyline features a new concept dish for India named ‘8×8’ combining eight spices with eight ingredients-

NEW DELHI, Aug. 10, 2026 /PRNewswire/ — The second instalment of the Kikkoman Manga, a popular content series showcasing Kikkoman Soy Sauce to restaurant owners and chefs, has been released.

It comes after the series was first introduced in 2025 and made available in six languages: English, Hindi, Marathi, Tamil, Telugu, and Bengali. The manga reached over 30,000 chefs, restaurant owners, and young students and other Indian readers who were charmed by the story depicting a meeting between Pramod, a cook, and Varun, a young owner-chef, as they took on the challenge of reviving a struggling restaurant.

In this second instalment, the two men face a fresh crisis that puts the restaurant’s future on the line. Their efforts to overcome the challenge drive the story forward.

At the heart of the story is a new menu item called 8×8 (Eight-by-Eight). This dish has been created by Chef Ryosuke Tamura of Itsuka, a Michelin-starred Chinese restaurant in Tokyo. Inspired by the concept of Happosai (a popular Japanese-style Chinese dish featuring a medley of ingredients) and drawing on ideas gained during his time in India, Chef Tamura combines eight ingredients and eight spices.

The result is a gravy-style dish that is familiar to Indian palates but the wider point is that it opens up exciting new possibilities for Chinese cuisine by fusing India’s unique spice culture with Chinese culinary techniques, all while highlighting the natural colours of the ingredients.

While many Chinese restaurants in India typically serve dishes with dark hues due to the use of dark soy sauce, 8×8 uses Kikkoman’s naturally brewed soy sauce to highlight the original colour of the ingredients. The dish aligns with an Indian food culture that values visual appeal alongside taste while offering a fresh take on Chinese cuisine.

Celebrated Chef Vicky Ratnani commented as follows:

“You see, Chinese and Asian food is the number one trending food category in India today, I can say it is even ‘alarming’ to see how so much Chinese and Asian food Indians are consuming these days. Kikkoman’s use of storytelling by using Japanese manga is an interesting tool to get more young chefs who avidly consume manga, to appreciate using Kikkoman naturally brewed soy sauce – as a key essential ingredient – and I’m sure it’ll be a successful new addition to all the active promotional and awareness building efforts that Kikkoman India has done in the last 5 years.”

Through the manga and the new 8×8 concept, Kikkoman India aims to accelerate the evolution of Chinese cuisine and the creation of new value with its naturally brewed soy sauce.

Kikkoman India is solely responsible for importing all Kikkoman products, and is responsible for managing all production, marketing, sales, and distribution in India.

The Kikkoman Centre for Chinese Cuisine (KCC) is dedicated to the development of Chinese culinary culture in India by disseminating information, training young chefs, organizing technical exchanges, and pioneering new menu items. Its founding members are Chef Joel Huang of Eau Chew restaurant, Kabir Advani of Berco’s, Chef Manjit Gill, who is President of the Indian Federation of Culinary Associations, and Osamu Mogi, Senior Managing Director of Kikkoman Corporation.

About Kikkoman and Kikkoman India

With a history spanning over 350 years and based in Japan, the current Kikkoman corporate entity was established through the merger of eight families in 1917. The company’s internationalization strategy began nearly 70 years ago with its entry into the United States market. Kikkoman has become a global business, expanding to over 100 countries, with 11 soy sauce production sites worldwide that distribute its products to millions of consumers. Kikkoman India is solely responsible for importing all Kikkoman products, and manages all production, marketing, sales, and distribution in India.

Media Contact:

Chavi Singh,

chavi@kikkomanindia.com,

+91 86554 21677

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New ReSound Sensia™ hearing aids lift the voice you want to hear – not just the loudest

Automatically, accurately, proven.

BALLERUP, Denmark, Aug. 10, 2026 /PRNewswire/ — GN, a global leader in hearing technology, announces ReSound Sensia™, a new family of premium hearing aids built on the company’s new AI platform. ReSound Sensia combines the world’s most accurate environmental classifier, an advanced 4-microphone directional beamformer and Deep Neural Network (DNN) noise reduction to automatically lift the speech the user wants to focus on. This powerful combination of technologies has been proven to tackle hearing in noisy environments by world-renowned institutions and by users in real-world scenarios.

“Hearing aids that use DNN noise reduction can suppress background noise, but most do so without reference to what the listener actually wants to hear,” said Peter Justesen, President, GN’s Hearing division. “In practice, this means the loudest voice in the environment is amplified, even though it is often not the one the user is trying to follow. ReSound Sensia highlights the speech people want to focus on. This is made possible with a new AI platform in combination with a trio of leading technologies that work with the brain to deliver clarity.”

ReSound Sensia, the world’s smallest AI hearing aid¹ is powered by GN’s new AI platform and introduces Intelligent All-Around an innovative approach to sound processing. At the heart of the Intelligent All-Around feature, AcoustIQ™ accurately classifies the sound environment in real time, with 88% greater accuracy in classification and feature engagement than the closest premium solution.² This ensures features are activated at the moment when they are needed, ensuring the hearing aid user receives the greatest hearing benefit in that environment. AcoustIQ orchestrates ReSound Sensia’s leading 4-microphone beamforming technology that allows users to focus on what they want to hear by simply facing the speech source, together with a new DNN denoising approach that automatically helps lift conversations.

“We’ve taken a user-centred approach with ReSound Sensia, building in multiple technical innovations that are orchestrated by AcoustIQ, which accurately classifies the listening environment and activates each feature when the user needs it,” added Laurel Christensen, Ph.D., Chief Audiology Officer at GN. “ReSound Sensia can be trusted to engage the features that best improve hearing in noise when they are needed while not making the decision of what to hear for the listener. For HCPs this automatic engagement translates into practice outcomes as performance in difficult environments no longer depends on the patient remembering to change programs.”

Designed to work with Cochlear™ sound processors

GN is also introducing ReSound Sensia™ Bimodal and ReSound Enzo™ IA Bimodal, designed to work with Cochlear® Nucleus® sound processors to support integrated performance, reliable connectivity and a seamless bimodal hearing experience. This latest step in GN’s collaboration with Cochlear through the Smart Hearing Alliance reflects the shared dedication to the journey and commitment to delivering state-of-the-art bimodal solutions.

The ReSound Sensia range and the equivalent Beltone Illuminate family will be available in the US, Germany, and Austria on August 20, with more markets to follow in the coming months.

Read the full announcement at https://www.gn.com/Newsroom/News#!#2026%7CEnglish%7CPressRelease.

References

1. GN Proprietary data on file (2026)
2. Groth & Cui (2026)

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FatakPay Unveils Next Phase of Growth as India’s Financial Super App, Onboards Vaani Kapoor as Brand Ambassador

FatakPay’s integrated brand campaign begins its Financial Super App journey, introducing a new brand narrative backed by a comprehensive 360-degree ATL, BTL and digital rollout.

MUMBAI, India, Aug. 10, 2026 /PRNewswire/ — FatakPay today announced the next phase of its growth journey with its evolution into a Financial Super App, marking a strategic expansion beyond instant credit into a broader ecosystem of financial solutions. As part of this transformation, the company has launched its largest integrated brand campaign to date and onboarded actor Vaani Kapoor as its brand ambassador to bring the new positioning to life.

Conceived as a year-long integrated campaign, the initiative will unfold through multiple chapters that progressively introduce consumers to FatakPay’s expanding financial ecosystem. The campaign begins with a strategic focus on higher-ticket personal loans of up to ₹5 lakh for India’s aspirational middle class, with subsequent chapters expanding the brand story as FatakPay introduces consumers to its broader Financial Super App ecosystem.

Speaking about FatakPay’s next phase of growth, Abhishek Gandhi, Co-founder and Chief Business Officer, FatakPay said, “FatakPay was founded on the belief that every Indian deserves access to financial solutions that help them move forward in life. While we began by addressing immediate credit needs, our vision has always been to build a broader financial ecosystem that supports consumers at every stage of their financial journey. Today, we are bringing that vision to life through a Financial Super App that combines borrowing, protection, credit-building and wealth creation on a single platform. This campaign marks the beginning of that journey, introducing consumers to the wider role FatakPay is set to play in their financial lives.”

The campaign opens with an intrigue-led digital rollout before culminating in the launch of the campaign film, where the mystery is finally revealed. Challenging conventional perceptions around borrowing, the film reinforces the idea that responsible borrowing can be an enabler of life’s aspirations. It introduces FatakPay’s expanded personal loan offering while setting the stage for the brand’s broader transformation into a Financial Super App.

Commenting on the campaign, Ashwin Shetty, Head of Branding and Communications, FatakPay, added, “Every brand reaches a point where it needs to reshape consumer perception, and this campaign marks that moment for FatakPay. As our business evolves, we wanted our communication to evolve alongside it. Rather than introducing this shift through a conventional product campaign, we chose to spark curiosity first and let the story unfold organically. Vaani Kapoor’s relatability and strong connect with aspirational India made her the ideal choice to bring this narrative to life while opening conversations around responsible borrowing.”

Marking one of FatakPay’s most ambitious go-to-market initiatives to date, the campaign will be amplified through a comprehensive 360-degree marketing strategy spanning ATL, BTL and digital activations, including OTT, social media, outdoor advertising, influencer collaborations and hyperlocal outreach.

With more than 5 crore customer applications, 3 crore app downloads, and over 25 lakh new users onboarded every month, FatakPay continues to expand access to digital financial services across India. More than 65% of its users come from Tier 2 and Tier 3 markets, reflecting the growing demand for accessible financial solutions beyond India’s largest cities.

Campaign Credits

Campaign Film: https://youtu.be/Ihldgv4M6u0?si=uwYV2v4My-Uv42ln 

Vaani Kapoor IG: https://www.instagram.com/reel/DbXXeuuNBbK/?igsh=MWU3ZmQ1Mm10cjQ2NA%3D%3D

Brand: FatakPay

Brand Ambassador: Vaani Kapoor

Creative & Strategy: FatakPay Branding & Communications Team

Creative & Talent Partner: Tring (B D Innoventures Ltd.)

Media Agencies: To be confirmed

About FatakPay:

FatakPay is a Mumbai-based fintech platform focused on enabling instant, accessible financial solutions for underserved and emerging India. Through its suite of offerings, including instant loans, insurance, investments, and credit improvement tools, FatakPay aims to simplify and expand access to formal finance. Operating through its subsidiaries, FDPL Finance Pvt. Ltd. (an NBFC registered with the Reserve Bank of India) and FatakSecure (an insurance platform aligned with Insurance Regulatory and Development Authority of India guidelines), the company offers products ranging from instant loans of up to ₹20,000 and personal loans of up to ₹5 lakh, to affordable insurance solutions including cancer and accidental coverage. Its ecosystem also includes credit-building tools like FatakUdaan, along with digital investment options such as gold and silver. Founded by Ajit Kumar and Abhishek Gandhi (co-founders of RupeeCircle), along with Amit Lodha and Amit Goyal, FatakPay is committed to building a financially resilient India by empowering users with simple, transparent, and reliable financial solutions.

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Paradip Fish Finds Global Buyers as Odisha’s Indigenous Seafood Gains International Demand

Paradip, Aug. 10 (UDN): Odisha’s seafood industry is making waves in international markets, with indigenous marine fish varieties from Paradip increasingly finding buyers across the Middle East and Southeast Asia.

 Representational Image

While Odisha has long been known for its prawn exports, local varieties such as Borei, Paniakhia and Kantia are now emerging as sought-after seafood products in overseas markets.

Among them, Borei fish, particularly its oily variety, has witnessed strong demand abroad. According to government data, around 8.568 million kg of Borei, also known as croaker fish, was exported from Paradip over the past eight years, highlighting the growing importance of the fish in the international seafood trade.

Local Fish, International Market

Fishermen and seafood exporters in Paradip say the demand for locally caught fish has expanded significantly in recent years.

Kambal P, a fisherman from Paradip, said several varieties of fish caught along the Odisha coast are now being shipped to foreign markets.

“Different varieties of fish are being exported to other countries. People here also consume these fish, while the growing overseas demand has opened up new opportunities for the local fishing community,” he said.

Seafood exporter Duryodhan Ray said Borei is exported in three varieties, with China and several Middle Eastern countries among the major destinations.

“Borei has a good market overseas. Apart from Borei, there is also strong demand for cuttlefish, jellyfish, ribbon fish and octopus,” he said.

Paradip Emerges as Key Seafood Hub

The Paradip Fish Harbour has steadily strengthened its position as one of India’s important fishing and seafood-export centres.

Over the last eight years, besides Borei, the harbour has handled exports of large quantities of ribbon fish, sole fish, Paniakhia and Kantia.

The seafood export basket from Paradip is also highly diverse. Marine products from around 81 species, including prawns, crabs, octopus, lobster and squid, have reached international markets.

Traditional Value Adds to Demand

Borei is valued not only as a food fish but also for its traditional uses. Its scales are reportedly used in the preparation of certain traditional soups, adding another dimension to its commercial value.

The growing international demand for Odisha’s indigenous marine fish could provide a significant boost to the state’s fishing communities, seafood processors and exporters.

With Paradip strengthening its role as a gateway for marine products, Odisha’s traditional coastal catch is increasingly finding a place on dining tables far beyond the state—and even beyond India.

ADNOC Gas Delivers Resilient Q2 Net Income, Takes FID on Major Growth Projects

Delivers net income of $665 million driven by domestic gas demand

Final Investment Decisions on Rich Gas Development project to drive 60% EBITDA growth by 2030

Successfully accelerating Habshan recovery to 85%, ahead of schedule

Quarterly dividend of $940 million approved, with progressive dividend policy reaffirmed

ABU DHABI, UAE, Aug. 10, 2026 /PRNewswire/ — ADNOC Gas plc and its subsidiaries (together referred to as “ADNOC Gas” or the “Company”) (ADX: ADNOCGAS) (ISIN: AEE01195A234) today announced its results for the second quarter of 2026, delivering net income of $665 million, above the guidance range of $400-600 million, despite exceptional external disruption during the period. The Company achieved a significant milestone in executing its long-term growth strategy by taking Final Investment Decisions (FIDs) and awarding engineering, procurement and construction (EPC) contracts for Phases 2 and 3 of its Rich Gas Development (RGD) Project (collectively, the “Contract Awards”).

Fatema Al Nuaimi, Chief Executive Officer of ADNOC Gas, said: “This is a defining moment for ADNOC Gas. With the final investment decision and contract awards for the Rich Gas Development Project, we are not only accelerating one of the world’s largest gas-processing growth programs – we are raising our ambition, targeting 60% EBITDA growth by 2030. These strategic investments will significantly expand our natural gas processing and export capacity, unlock lasting value for our shareholders, and position ADNOC Gas at the heart of the UAE’s energy future. Beyond their economic impact, they safeguard the nation’s energy security, power its industrial growth, and ensure we are ready to meet rising energy demand – at home and around the world.

At the same time, ADNOC Gas delivered resilient second-quarter net income above our guided range, despite a challenging operating environment, reflecting the strength of our business, the discipline of our execution, and the continued delivery of our long-term strategy.”

These investment decisions raise ADNOC Gas’ targeted EBITDA growth to 60%[1] by 2030 versus 2023 – an upgrade from the previously communicated target of more than 40% over 2023-2029. The upgrade reflects the long-term value creation of the Company’s project portfolio and its disciplined approach to capital allocation. ADNOC Gas now expects to invest approximately $28 billion between 2026 and 2030 to deliver this growth ambition.

ADNOC Gas has awarded $8.2 billion in EPC contracts for Phases 2 and 3 of the RGD project – $3.9 billion for Phase 2, to Wison Engineering, and $4.3 billion for Phase 3, to Tecnimont. These contracts build on Phase 1, announced in June 2025, which is expanding key processing units to increase throughput and improve operational efficiency, across multiple gas assets.

Phase 2, to be delivered by Wison Engineering, will add a new natural gas processing train at the Habshan facility, expanding ADNOC Gas’ natural gas processing capacity, enhancing operational flexibility, and supporting the UAE’s expanding downstream and petrochemical sectors. Phase 3, to be delivered by Tecnimont, will add a new natural gas liquids (NGL) fractionation train at Ruwais, increasing the recovery of higher-value liquids from rich natural gas for export, strengthening ADNOC Gas’ global customer portfolio.

Together with the $5 billion committed to Phase 1, the new awards bring total investment in the RGD project to $13.2 billion. It will benefit from higher associated gas volumes as ADNOC progresses towards its production capacity ambitions.

Delivering one of the industry’s largest gas growth programs

ADNOC Gas is executing one of the largest gas growth programs in the industry, spanning four megaprojects – Ruwais LNG, Maximizing Ethane Recovery and Monetization (MERAM), RGD and Estidama – which together are expected to generate $13.4 billion in In-Country Value (ICV), reinforcing the Company’s contribution to the UAE’s industrial development and economic diversification goals. The program continues to progress, with MERAM expected delivery in 2027 and Ruwais LNG and Estidama both advancing as planned. This growth is further underpinned by ADNOC’s continued investment across the gas value chain – including the recently announced Bab Gas Cap and Umm Shaif Gas Cap developments – which will bring more natural gas and associated gas liquids into ADNOC Gas’ integrated value chain, supporting additional feedstock, processing volumes, LNG exports and higher revenue streams.

Scaling AI and robotics across operations

ADNOC Gas is also scaling artificial intelligence and robotics – from aerial drones and four-legged inspection robots to tank-climbing crawlers – across its assets, with the potential to cut inspection costs by up to 75%, complete certain inspections up to 15 times faster and remove personnel from hazardous environments as it advances toward increasingly autonomous operations.

Results Overview

ADNOC Gas delivered net income of $665 million in Q2 2026 – above the upper end of the $400-600 million guidance range provided in the first quarter, reflecting strong operational performance in a challenging operating environment. This was supported by resilient margins in the domestic gas business.

Supported by its robust cash flow from operations, the Board has approved a quarterly dividend of $940 million, payable in September 2026, in line with the commitment to deliver annual dividend growth of 5% through 2030. ADNOC Gas remains the largest dividend payer on the ADX.

Habshan Complex Incidents

ADNOC Gas responded swiftly to the security-related incidents at the Habshan site on 3 and 8 April, prioritizing safety and minimizing disruptions to customers. The Company has concluded its technical assessment of the impact from these incidents and recovery has progressed ahead of schedule, with gas supply already restored to 85%, surpassing the year-end target set in May.

Q3 and Full-Year 2026 Outlook

Continued disruption to maritime movements through the Strait of Hormuz affected product liftings during the second quarter. Through proactive inventory, logistics and supply-chain management, ADNOC Gas worked closely with customers and partners to mitigate the impact of these disruptions, manage temporary constraints and fulfil commitments wherever possible.

For the third quarter, ADNOC Gas expects net income in the range of $600 to $800 million, based on the assumption that maritime routes through the Strait of Hormuz continue to be disrupted. Looking further ahead, if maritime operations are fully restored by the fourth quarter of 2026 and pricing realizations normalize, the Company expects full-year 2026 net income to range from $3.5 to $4 billion.

Cautionary note:

This announcement contains forward-looking statements concerning the financial condition, results of operations and businesses of ADNOC Gas. All statements other than statements of historical fact are, or may be deemed to be, forward-looking statements. Forward-looking statements are statements of future expectations that are based on management’s current expectations and assumptions and involve known and unknown risks and uncertainties (including, but not limited to, disruptions to maritime routes (including the Strait of Hormuz), geopolitical developments, fluctuations in commodity prices and product realizations, operational risks including those related to the Habshan complex, and the timing and execution of major capital projects) that could cause actual results, performance, or events to differ materially from those expressed or implied in these statements. ADNOC Gas does not undertake any obligation to publicly update or revise any forward-looking statement as a result of new information, future events, or other information. Results could differ materially from those stated, implied, or inferred from the forward-looking statements contained in this announcement. Readers should not place undue reliance on forward-looking statements.

About ADNOC Gas

ADNOC Gas, listed on the ADX (ADX: ADNOCGAS) (ISIN: AEE01195A234), is a world-class, large-scale integrated gas processing and sales company operating across the gas value chain, from receipt of feedstock from ADNOC through large, long-life operations for gas processing and fractionation to the sale of products to domestic and international customers. ADNOC Gas supplies approximately 60% of the UAE’s sales gas needs and supplies end-customers in over 20 countries. To find out more, visit: www.adnocgas.ae

(X) @ADNOCGas

For investor inquiries, please contact: 

Richard Griffith

Vice President, Investor Relations

+971 (2) 6037445

ir@adnocgas.ae 

For media inquiries, please contact: 

Paloma Berenguer

Vice President, Corporate Communications

+971 (2) 6037444

media.adg@adnoc.ae

[1] Based on a Brent crude oil price of $70 per barrel

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Applications open for NMIMS MBA on 20th August 2026, across six campuses

~’Rise to Lead’ reflects NMIMS SBM’s commitment to developing future-ready leaders through academic excellence, industry engagement and experiential learning~

MUMBAI, India, Aug. 10, 2026 /PRNewswire/ — For more than 45 years, SVKM’s NMIMS School of Business Management (SBM) has focused on developing management professionals with strategic thinking, adaptability and the ability to create meaningful impact. As expectations from business professionals continue to evolve, SBM has strengthened its approach to management education through academic rigour, industry engagement and experiential learning. This commitment to fostering professionals’ growth and widening their responsibilities is reflected in ‘Rise to Lead’—a journey that enables aspiring professionals to develop robust leadership capabilities.

The NMIMS SBM learning experience combines academic excellence with practical exposure, enabling students to apply knowledge to real-world business challenges. Faculty, industry practitioners and experts contribute to curriculum development, executive interactions and live projects. The ecosystem is further enriched by AI-embedded learning and global academic pathways, offering students opportunities for international exposure through partnerships with universities in the UK and the US.

High-potential graduates and experienced professionals seeking to transform their potential into leadership capability can apply for the NMIMS MBA programme, with applications opening on 20 August 2026. The NMIMS School of Business Management (SBM) offers its flagship MBA programme across six campuses—Mumbai, Navi Mumbai, Bengaluru, Indore, Hyderabad and Ahmedabad. The Mumbai campus also offers specialised MBA programmes in Human Resources, Pharmaceutical Management, Business Analytics and Digital Transformation. Guided by the One NMIMS philosophy, students across campuses benefit from standardised curriculum, academic standards, quality infrastructure and an industry-oriented learning experience.

NMIMS MBA Application and Selection Process:

Stage 1: Steps to Apply for NMIMS MBA:

• Step 1: Visit https://nmat.nmims.edu , Fill Step-1 and submit.
• Step 2: Verify your email, complete your NMAT registration and pay the exam fee.
• Step 3: Re-visit https://nmat.nmims.edu and log in using the NMATbyGMAC ID & password
• Step 4: Complete the NMIMS application form, select the preferred programme(s), and pay the application fee.

Full details on eligibility, deadlines, and courses are available on the official website. Candidates are advised to complete both steps well within the deadline.

Stage 2: Competency test and Personal Interview by NMIMS

** The final merit list will be prepared based on NMAT score, personal interview, competency test, work experience and academic performance.

View original content to download multimedia:https://www.prnewswire.com/in/news-releases/applications-open-for-nmims-mba-on-20th-august-2026-across-six-campuses-302846875.html