The Dinar is a currency that has been used in Iraq since 1932. It is currently the official currency of Iraq, and is used in many other countries in the Middle East. While it is a relatively stable currency, in recent years the value of the Dinar has fluctuated due to the instability in the region. This has led to speculation about the future of the currency, as well as a number of articles and videos discussing the currency. This section contains a collection of news, articles and videos about the Iraqi Dinar.

ForexTV

14.07.2025

SBX Cars Selects Blueshift to Power Next-Generation Customer Engagement - ForexTV

Innovative automotive marketplace to deliver personalised, omnichannel experiences with Blueshift’s AI-driven platformLondon, United Kingdom, July 14, 2025 (GLOBE NEWSWIRE) -- Blueshift, the leading Intelligent Customer Engagement Platform provider, today announced that SBX Cars, a fast-growing digital marketplace connecting millions of automotive enthusiasts worldwide, has chosen Blueshift to accelerate its omnichannel marketing strategy and deliver personalised experiences at scale. Founded by the creators of Supercar Blondie, SBX Cars has quickly emerged as a destination for discovering, buying, and selling extraordinary vehicles. With a highly engaged audience across SMS, email, mobile, and social channels—including YouTube and Instagram—SBX Cars is committed to making luxury automotive transactions more seamless and customer-centric. As part of this partnership, SBX Cars will utilise Blueshift’s AI-powered platform to orchestrate targeted campaigns across various channels, including personalised recommendations and automated communications tailored to customer behavior and preferences. The integration is designed to improve engagement and build stronger customer relationships throughout the purchase journey. "At SBX Cars, delivering a standout experience is at the heart of everything we do," said Paul Armstrong, Head of Growth Marketing at SBX Cars. "Blueshift gives us the tools and intelligence to understand our customers in real time and engage them with relevance and precision. We’re excited about the potential of Blueshift to help us scale our marketing, deepen relationships, and drive growth across all our channels." SBX Cars’ marketing team will use Blueshift's customer engagement platform to: Unify customer data across their website, mobile apps, and social media Automate dynamic email and SMS campaigns tailored to buyer interests Activate audience syndication for paid media across Google and social platforms Optimise engagement through real-time recommendations and predictive insights "Innovative brands like SBX Cars are redefining what modern customer engagement looks like," said Vijay Chittoor, Co-Founder and CEO of Blueshift. "We’re thrilled to partner with their team as they set a new standard for the automotive marketplace by combining rich content with personalised, data-driven experiences." CONTACT: Janet Jaiswal Blueshift Labs, Inc. 6507591339 janet.jaiswal@getblueshift.com

ForexTV

15.07.2025

Form 8.3 - [MARLOWE PLC - 14 07 2025] - (CGWL) - ForexTV

FORM 8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORERule 8.3 of the Takeover Code (the “Code”) 1. KEY INFORMATION (a) Full name of discloser:CANACCORD GENUITY WEALTH LIMITED (for Discretionary clients)(b) Owner or controller of interests and short positions disclosed, if different from 1(a): The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named.N/A(c) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offereeMARLOWE PLC(d) If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree:N/A(e) Date position held/dealing undertaken: For an opening position disclosure, state the latest practicable date prior to the disclosure14 JULY 2025(f) In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer? If it is a cash offer or possible cash offer, state “N/A”NO 2. POSITIONS OF THE PERSON MAKING THE DISCLOSURE If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security. (a) Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any) Class of relevant security:50p ORDINARY InterestsShort positionsNumber%Number%(1) Relevant securities owned and/or controlled:3,014,4683.8390 (2) Cash-settled derivatives: (3) Stock-settled derivatives (including options) and agreements to purchase/sell: TOTAL:3,014,4683.8390 All interests and all short positions should be disclosed. Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions). (b) Rights to subscribe for new securities (including directors’ and other employee options) Class of relevant security in relation to which subscription right exists: Details, including nature of the rights concerned and relevant percentages: 3. DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in. The currency of all prices and other monetary amounts should be stated. (a) Purchases and sales Class of relevant securityPurchase/saleNumber of securitiesPrice per unit50p ORDINARYSALE3,065438.923p (b) Cash-settled derivative transactions Class of relevant securityProduct descriptione.g. CFDNature of dealinge.g. opening/closing a long/short position, increasing/reducing a long/short positionNumber of reference securitiesPrice per unitNONE (c) Stock-settled derivative transactions (including options) (i) Writing, selling, purchasing or varying Class of relevant securityProduct description e.g. call optionWriting, purchasing, selling, varying etc.Number of securities to which option relatesExercise price per unitTypee.g. American, European etc.Expiry dateOption money paid/ received per unitNONE (ii) Exercise Class of relevant securityProduct descriptione.g. call optionExercising/ exercised againstNumber of securitiesExercise price per unit (d) Other dealings (including subscribing for new securities) Class of relevant securityNature of dealinge.g. subscription, conversionDetailsPrice per unit (if applicable)NONE 4. OTHER INFORMATION (a) Indemnity and other dealing arrangements Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the person making the disclosure and any party to the offer or any person acting in concert with a party to the offer:Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state “none”NONE (b) Agreements, arrangements or understandings relating to options or derivatives Details of any agreement, arrangement or understanding, formal or informal, between the person making the disclosure and any other person relating to:(i) the voting rights of any relevant securities under any option; or (ii) the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced:If there are no such agreements, arrangements or understandings, state “none”NONE (c) Attachments Is a Supplemental Form 8 (Open Positions) attached?NO Date of disclosure:15 JULY 2025Contact name:PHIL HULMETelephone number:01253 376551 Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service. The Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s disclosure requirements on +44 (0)20 7638 0129. The Code can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk.

The Orchard Practice

15.07.2025

5 powerful Warren Buffett lessons that could benefit ordinary investors - The Orchard Practice

Legendary investor Warren Buffett has announced he’s retiring after more than five decades leading successful holding company Berkshire Hathaway. While Buffett has access to a huge number of resources, many of his insights are beneficial for ordinary investors, including the value of focusing on the long term.

ForexTV

16.07.2025

Form 8.3 - [MARLOWE PLC - 15 07 2025] - (CGWL) - ForexTV

FORM 8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORERule 8.3 of the Takeover Code (the “Code”) 1. KEY INFORMATION (a) Full name of discloser:CANACCORD GENUITY WEALTH LIMITED (for Discretionary clients)(b) Owner or controller of interests and short positions disclosed, if different from 1(a): The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named.N/A(c) Name of offeror/offeree in relation to whose relevant securities this form relates: Use a separate form for each offeror/offereeMARLOWE PLC(d) If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree:N/A(e) Date position held/dealing undertaken: For an opening position disclosure, state the latest practicable date prior to the disclosure15 JULY 2025(f) In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer? If it is a cash offer or possible cash offer, state “N/A”NO 2. POSITIONS OF THE PERSON MAKING THE DISCLOSURE If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security. (a) Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any) Class of relevant security:50p ORDINARY InterestsShort positionsNumber%Number%(1) Relevant securities owned and/or controlled:3,013,0533.8372 (2) Cash-settled derivatives: (3) Stock-settled derivatives (including options) and agreements to purchase/sell: TOTAL:3,013,0533.8372 All interests and all short positions should be disclosed. Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions). (b) Rights to subscribe for new securities (including directors’ and other employee options) Class of relevant security in relation to which subscription right exists: Details, including nature of the rights concerned and relevant percentages: 3. DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in. The currency of all prices and other monetary amounts should be stated. (a) Purchases and sales Class of relevant securityPurchase/saleNumber of securitiesPrice per unit50p ORDINARYSALE1,415438.923p (b) Cash-settled derivative transactions Class of relevant securityProduct descriptione.g. CFDNature of dealinge.g. opening/closing a long/short position, increasing/reducing a long/short positionNumber of reference securitiesPrice per unitNONE (c) Stock-settled derivative transactions (including options) (i) Writing, selling, purchasing or varying Class of relevant securityProduct description e.g. call optionWriting, purchasing, selling, varying etc.Number of securities to which option relatesExercise price per unitTypee.g. American, European etc.Expiry dateOption money paid/ received per unitNONE (ii) Exercise Class of relevant securityProduct descriptione.g. call optionExercising/ exercised againstNumber of securitiesExercise price per unit (d) Other dealings (including subscribing for new securities) Class of relevant securityNature of dealinge.g. subscription, conversionDetailsPrice per unit (if applicable)NONE 4. OTHER INFORMATION (a) Indemnity and other dealing arrangements Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the person making the disclosure and any party to the offer or any person acting in concert with a party to the offer:Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state “none”NONE (b) Agreements, arrangements or understandings relating to options or derivatives Details of any agreement, arrangement or understanding, formal or informal, between the person making the disclosure and any other person relating to:(i) the voting rights of any relevant securities under any option; or (ii) the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced:If there are no such agreements, arrangements or understandings, state “none”NONE (c) Attachments Is a Supplemental Form 8 (Open Positions) attached?NO Date of disclosure:16 JULY 2025Contact name:PHIL HULMETelephone number:01253 376551 Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service. The Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s disclosure requirements on +44 (0)20 7638 0129. The Code can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk.

Marginal Revolution

29.07.2025

A household expenditure approach to measuring AI progress - Marginal REVOLUTION

Often researchers focus on the capabilities of AI models, for instance what kinds of problems they might solve. Or how they might boost productivity growth rates. But a different question is to ask how they might lower cost of living for ordinary Americans. And while I am optimistic about the future prospects and powers of […]

TechBullion Cryptocurrency

30.07.2025

Create the Ultimate Backyard Lounge Around a Fire Table - TechBullion

A fire table can turn an ordinary backyard into an inviting escape. It’s the kind of feature that brings people together—whether it’s friends sipping wine under string lights or family roasting marshmallows under the stars. But a great lounge space doesn’t build itself. From layout to lighting to comfort, every element around your fire table […]

ForexTV

01.08.2025

Magna Announces Second Quarter 2025 Results - ForexTV

Strong second quarter performance reflected disciplined execution and operational excellenceComparing the second quarter of 2025 to the second quarter of 2024: Sales decreased 3% to $10.6 billion, as light vehicle production declined 6% and 2% in North America and Europe, respectivelyIncome from operations before income taxes increased 16% to $496 millionAdjusted EBIT increased 1% to $583 million and Adjusted EBIT margin improved 20 basis points to 5.5%Diluted earnings per share of $1.35 and Adjusted diluted earnings per share of $1.44 increased 24% and 7%, respectively Returned $324 million to shareholders in dividends and share repurchases in the first half of 2025, including $137 million in dividends during the second quarterUpdated 2025 outlook, including increases to Total Sales, Adjusted EBIT Margin, and Adjusted Net Income attributable to Magna AURORA, Ontario, Aug. 01, 2025 (GLOBE NEWSWIRE) -- Magna International Inc. (TSX: MG; NYSE: MGA) today reported financial results for the second quarter ended June 30, 2025. Please click HERE for full second quarter MD&A and Financial Statements. "Our strong operating results for the second quarter of 2025 exceeded our expectations and reflect continued execution on our performance initiatives, including operational excellence, restructuring, commercial recoveries, and reduced capital and engineering spending.Looking ahead, our updated 2025 Outlook indicates that we are on track for further solid execution in the second half of 2025, despite ongoing industry headwinds including soft volumes in North America and Europe and continued trade policy uncertainty.”- Swamy Kotagiri, Magna’s Chief Executive Officer THREE MONTHS ENDEDJUNE 30, SIX MONTHS ENDEDJUNE 30, 2025 2024 2025 2024 Reported Sales $10,631 $10,958 $20,700 $21,928 Income from operations before income taxes $496 $427 $721 $461 Net Income attributable to Magna International Inc. $379 $313 $525 $322 Diluted earnings per share $1.35 $1.09 $1.86 $1.12 Non-GAAP Financial Measures(1) Adjusted EBIT $583 $577 $937 $1,046 Adjusted diluted earnings per share $1.44 $1.35 $2.22 $2.44 All results are reported in millions of U.S. dollars, except per share figures, which are in U.S. dollars(1)Adjusted EBIT and Adjusted diluted earnings per share are Non-GAAP financial measures that have no standardized meaning under U.S. GAAP, and as a result may not be comparable to the calculation of similar measures by other companies. Further information and a reconciliation of these Non-GAAP financial measures is included in the back of this press release. THREE MONTHS ENDED JUNE 30, 2025 We posted sales of $10.6 billion for the second quarter of 2025, a decrease of 3% from the second quarter of 2024. The lower sales largely reflects: 6% and 2% lower light vehicle production in North America and Europe, respectively;lower complete vehicle assembly volumes, substantially due to the end of production of the Jaguar I-Pace and E-Pace; andthe end of production of certain programs. These factors were partially offset by: the launch of new programs; andthe net strengthening of foreign currencies against the U.S. dollar. Adjusted EBIT increased to $583 million in the second quarter of 2025 compared to $577 million in the second quarter of 2024. This mainly reflects: continued productivity and efficiency improvements, including the benefit of our operational excellence initiatives and restructuring activities in prior periods; andhigher equity income. These were partially offset by: higher tariff costs;commercial items in the second quarters of 2025 and 2024, which have a net unfavourable impact on a year-over-year basis; andreduced earnings on lower sales. During the second quarter of 2025, Other expense, net(2) and Amortization of acquired intangibles totaled $35 million (2024 - $96 million) and on an after-tax basis $28 million (2024 - $76 million). Income from operations before income taxes increased to $496 million for the second quarter of 2025 compared to $427 million in the second quarter of 2024. Excluding Other expense, net and Amortization of acquired intangibles from both periods, income from operations before income taxes increased $8 million in the second quarter of 2025 compared to the second quarter of 2024, largely reflecting the increase in Adjusted EBIT. Net income attributable to Magna International Inc. was $379 million for the second quarter of 2025 compared to $313 million in the second quarter of 2024. Excluding Other expense, net, after tax and Amortization of acquired intangibles from both periods, net income attributable to Magna International Inc. increased $18 million in the second quarter of 2025 compared to the second quarter of 2024. Diluted earnings per share were $1.35 in the second quarter of 2025, compared to $1.09 in the comparable period. Adjusted diluted earnings per share were $1.44, compared to $1.35 for the second quarter of 2024. In the second quarter of 2025, we generated cash from operations before changes in operating assets and liabilities of $762 million and used $135 million in operating assets and liabilities. Investment activities for the second quarter of 2025 included $246 million in fixed asset additions, $94 million in investments, other assets and intangible assets, and $3 million in private equity investments. (2)Other expense, net is comprised of restructuring activities, revaluations of certain public and private equity investments, and gain on sales of public equity investments, during the three months ended June 30, 2024 & 2025. A reconciliation of these Non-GAAP financial measures is included in the back of this press release. SIX MONTHS ENDED JUNE 30, 2025 We posted sales of $20.7 billion for the six months ended June 30, 2025, compared to $21.9 billion for the six months ended June 30, 2024. The lower sales largely reflects: 7% and 4% lower light vehicle production in North America and Europe, respectively; lower complete vehicle assembly volumes, substantially due to the end of production of the Jaguar I-Pace and E-Pace; andthe end of production of certain programs. These were partially offset by the launch of new programs. Adjusted EBIT decreased to $937 million for the six months ended June 30, 2025 compared to $1,046 million for six months ended June 30, 2024 primarily due to: reduced earnings on lower sales; andhigher tariff costs. These were partially offset by: continued productivity and efficiency improvements, including the benefit of our operational excellence initiatives and restructuring activities in prior periods; andcommercial items in the first six months of 2025 and 2024, which had a net favourable impact on a year-over-year basis. During the six months ended June 30, 2025, income from operations before income taxes was $721 million, net income attributable to Magna International Inc. was $525 million and diluted earnings per share were $1.86, increases of $260 million, $203 million, and $0.74, respectively, each compared to the six months ended June 30, 2024. During the six months ended June 30, 2025, diluted earnings per share were $1.86, compared to $1.12 in the six months ended June 30, 2024. Adjusted diluted earnings per share were $2.22, compared to $2.44 for the six months ended June 30, 2024. During the six months ended June 30, 2025, we generated cash from operations before changes in operating assets and liabilities of $1.31 billion and used $605 million in operating assets and liabilities. Investment activities included $514 million in fixed asset additions, a $242 million increase in investments, other assets and intangible assets, and $4 million in public and private equity investments. RETURN OF CAPITAL TO SHAREHOLDERS During the three months ended June 30, 2025, we paid $137 million in dividends to shareholders. Our Board of Directors declared a second quarter dividend of $0.485 per Common Share, payable on August 29, 2025 to shareholders of record as of the close of business on August 15, 2025. SEGMENT SUMMARY ($Millions)THREE MONTHS ENDED JUNE 30,Sales Adjusted EBIT 2025 2024 Change 2025 2024 Change Body Exteriors & Structures$4,253 $4,465 $(212) $347 $341 $6 Power & Vision 3,857 3,926 (69) 162 198 (36)Seating Systems 1,433 1,455 (22) 42 53 (11)Complete Vehicles 1,226 1,242 (16) 28 20 8 Corporate and Other (138) (130) (8) 4 (35) 39 Total Reportable Segments$10,631 $10,958 $(327) $583 $577 $6 THREE MONTHS ENDED JUNE 30, Adjusted EBIT as a percentage of sales 2025 2024 Change Body Exteriors & Structures 8.2%7.6%0.6%Power & Vision 4.2%5.0%(0.8)%Seating Systems 2.9%3.6%(0.7)%Complete Vehicles 2.3%1.6%0.7%Consolidated Average 5.5%5.3%0.2% ($Millions)SIX MONTHS ENDED JUNE 30,Sales Adjusted EBIT 2025 2024 Change 2025 2024 Change Body Exteriors & Structures$8,219 $8,894 $(675) $577 $639 $(62)Power & Vision 7,503 7,768 (265) 286 296 (10)Seating Systems 2,745 2,910 (165) 12 105 (93)Complete Vehicles 2,502 2,625 (123) 72 47 25 Corporate and Other (269) (269) – (10) (41) 31 Total Reportable Segments$20,700 $21,928 $(1,288) $937 $1,046 $(109) SIX MONTHS ENDED JUNE 30, Adjusted EBIT as a percentage of sales 2025 2024 Change Body Exteriors & Structures 7.0%7.2%(0.2)%Power & Vision 3.8%3.8%– Seating Systems 0.4%3.6%(3.2)%Complete Vehicles 2.9%1.8%1.1%Consolidated Average 4.5 %4.8%(0.1)% For further details on our segment results, please see our Management's Discussion and Analysis of Results of Operations and Financial Position and our Interim Financial Statements. 2025 OUTLOOK We disclose a full-year Outlook annually in February with quarterly updates. The following Outlook is an update to our previous Outlook in May 2025. Updated 2025 Outlook Assumptions Current PreviousLight Vehicle Production (millions of units) North America Europe China 14.716.630.8 15.016.630.2 Average Foreign exchange rates:1 Canadian dollar equals1 euro equals U.S. $0.715U.S. $1.127 U.S. $0.714U.S. $1.111 Light vehicle production assumptions reflect near-term original equipment manufacturer ["OEM"] production release information, including announced production downtime at certain OEM assembly facilities, but do not include the potential impact of tariffs and other trade measures on vehicle costs, vehicle affordability or consumer demand, nor the impact of these on vehicle production. Updated 2025 Outlook Current PreviousSegment Sales Body Exteriors & Structures Power & Vision Seating Systems Complete Vehicles $16.0 - $16.6 billion$14.9 - $15.3 billion$5.4 - $5.7 billion$4.6 - $4.9 billion $15.9 - $16.5 billion$14.8 - $15.2 billion$5.3 - $5.6 billion$4.5 - $4.8 billionTotal Sales $40.4 - $42.0 billion $40.0 - $41.6 billion Adjusted EBIT Margin(3) 5.2% - 5.6% 5.1% - 5.6% Equity Income (included in EBIT) $75 - $105 million $65 - $95 million Interest Expense, net Approximately $210 million Approximately $210 million Income Tax Rate(4) Approximately 25% Approximately 26% Adjusted Net Income attributable to Magna(5) $1.35 - $1.55 billion $1.3 - $1.5 billion Capital Spending $1.6 - $1.7 billion $1.7 - $1.8 billion Notes(3)Adjusted EBIT Margin is the ratio of Adjusted EBIT to Total Sales. Refer to the reconciliation of Non-GAAP financial measures in the back of this press release for further information(4)The Income Tax Rate has been calculated using Adjusted EBIT and is based on current tax legislation(5)Adjusted Net Income attributable to Magna represents Net Income excluding Other expense, net and Amortization of acquired intangible assets, net of tax Our Outlook is intended to provide information about management's current expectations and plans and may not be appropriate for other purposes. Although considered reasonable by Magna as of the date of this document, the 2025 Outlook above and the underlying assumptions may prove to be inaccurate. Accordingly, our actual results could differ materially from our expectations as set forth herein. The risks identified in the “Forward-Looking Statements” section below represent the primary factors which we believe could cause actual results to differ materially from our expectations. KEY DRIVERS OF OUR BUSINESS Our business and operating results are dependent on light vehicle production by our customers in three key regions – North America, Europe, and China. While we supply systems and components to many OEMs globally, we do not supply systems and components for every vehicle, nor is the value of our content consistent from one vehicle to the next. As a result, customer and program mix relative to market trends, as well as the value of our content on specific vehicle production programs, are also important drivers of our results. Ordinarily, OEM production volumes are aligned with vehicle sales levels and thus affected by changes in such levels. Aside from vehicle sales levels, production volumes are typically impacted by a range of factors, including: OEM, supplier or sub-supplier disruptions; free trade arrangements and tariffs; relative currency values; commodities prices; supply chains and infrastructure; labour disruptions and the availability and relative cost of skilled labour; regulatory frameworks; and other factors. Overall vehicle sales levels are significantly affected by changes in consumer confidence levels, which may in turn be impacted by consumer perceptions and general trends related to the job, housing, and stock markets, as well as other macroeconomic and political factors. Other factors which typically impact vehicle sales levels and thus production volumes include: vehicle affordability; interest rates and/or availability of credit; fuel and energy prices; relative currency values; uncertainty as to the pace of EV adoption; and other factors. NON-GAAP FINANCIAL MEASURES RECONCILIATION In addition to the financial results reported in accordance with U.S. GAAP, this press release contains references to the Non-GAAP financial measures reconciled below. We believe the Non-GAAP financial measures used in this press release are useful to both management and investors in their analysis of the Company’s financial position and results of operations, and to improve comparability between fiscal periods. In particular, management believes that Adjusted EBIT and Adjusted diluted earnings per share are useful measures in assessing the Company’s financial performance by excluding certain items that are not indicative of the Company's core operating performance. The presentation of Non-GAAP financial measures should not be considered in isolation, or as a substitute for the Company’s related financial results prepared in accordance with U.S. GAAP. The following table reconciles Net income to Adjusted EBIT: Adjusted EBIT THREE MONTHS ENDEDJUNE 30, SIX MONTHS ENDEDJUNE 30, 2025 2024 2025 2024 Net income $394 $328 $547 $354 Add: Amortization of acquired intangible assets 29 28 55 56 Interest expense, net 52 54 102 105 Other expense, net 6 68 59 424 Income taxes 102 99 174 107 Adjusted EBIT $583 $577 $937 $1,046 Adjusted EBIT as a percentage of sales (“Adjusted EBIT margin”) THREE MONTHS ENDEDJUNE 30, SIX MONTHS ENDEDJUNE 30, 2025 2024 2025 2024 Sales $10,631 $10,958 $20,700 $21,928 Adjusted EBIT $583 $577 $937 $1,046 Adjusted EBIT as a percentage of sales 5.5% 5.3% 4.5% 4.8% Adjusted diluted earnings per share THREE MONTHS ENDEDJUNE 30, SIX MONTHS ENDEDJUNE 30, 2025 2024 2025 2024 Net income attributable to Magna International Inc. $379 $313 $525 $322 Add (deduct): Amortization of acquired intangible assets 29 28 55 56 Other expense, net 6 68 59 424 Tax effect on Amortization of acquired intangible assets and Other expense, net (7) (20) (13) (102)Adjusted net income attributable to Magna International Inc. $407 $389 $626 $700 Diluted weighted average number of Common Shares outstanding during the period (millions): 281.7 287.3 281.9 287.2 Adjusted diluted earnings per share $1.44 $1.35 $2.22 $2.44 Certain of the forward-looking financial measures above are provided on a Non-GAAP basis. We do not provide a reconciliation of such forward-looking measures to the most directly comparable financial measures calculated and presented in accordance with U.S. GAAP. To do so would be potentially misleading and not practical given the difficulty of projecting items that are not reflective of ongoing operations in any future period. The magnitude of these items, however, may be significant. This press release together with our Management’s Discussion and Analysis of Results of Operations and Financial Position and our Interim Financial Statements are available in the Investor Relations section of our website at www.magna.com/company/investors and filed electronically through the System for Electronic Document Analysis and Retrieval + (SEDAR+) which can be accessed at www.sedarplus.ca as well as on the United States Securities and Exchange Commission’s Electronic Data Gathering, Analysis and Retrieval System (EDGAR), which can be accessed at www.sec.gov. We will hold a conference call for interested analysts and shareholders to discuss our second quarter ended June 30, 2025 results on Friday, August 1, 2025 at 8:00 a.m. ET. The conference call will be chaired by Swamy Kotagiri, Chief Executive Officer. The number to use for this call from North America is 1-800-715-9871. International callers should use 1-646-307-1963. Please call in at least 10 minutes prior to the call start time. We will also webcast the conference call at www.magna.com. The slide presentation accompanying the conference call as well as our financial review summary will be available on our website Friday prior to the call. INVESTOR CONTACTLouis Tonelli, Vice-President, Investor Relations louis.tonelli@magna.com │ 905.726.7035 MEDIA CONTACT Tracy Fuerst, Vice-President, Corporate Communications & PR tracy.fuerst@magna.com │ 248.761.7004 TELECONFERENCE CONTACTNancy Hansford, Executive Assistant, Investor Relations nancy.hansford@magna.com │ 905.726.7108 OUR BUSINESS(6)Magna is more than one of the world’s largest suppliers in the automotive space. We are a mobility technology company built to innovate, with a global, entrepreneurial-minded team of approximately 164,000(7) employees across 338 manufacturing operations and 106 product development, engineering and sales centres spanning 28 countries. With 65+ years of expertise, our ecosystem of interconnected products combined with our complete vehicle expertise uniquely positions us to advance mobility in an expanded transportation landscape. For further information about Magna (NYSE:MGA; TSX:MG), please visit www.magna.com or follow us on social. (6)Manufacturing operations, product development, engineering and sales centres include certain operations accounted for under the equity method.(7)Number of employees includes approximately 152,000 employees at our wholly owned or controlled entities and over 12,000 employees at certain operations accounted for under the equity method. FORWARD-LOOKING STATEMENTS Certain statements in this press release constitute "forward-looking information" or "forward-looking statements" (collectively, "forward-looking statements"). Any such forward-looking statements are intended to provide information about management's current expectations and plans and may not be appropriate for other purposes. Forward-looking statements may include financial and other projections, as well as statements regarding our future plans, strategic objectives or economic performance, or the assumptions underlying any of the foregoing, and other statements that are not recitations of historical fact. We use words such as "may", "would", "could", "should", "will", "likely", "expect", "anticipate", "assume", "believe", "intend", "plan", "aim", "forecast", "outlook", "project", "potential", "estimate", "target" and similar expressions suggesting future outcomes or events to identify forward-looking statements. The following table identifies the material forward-looking statements contained in this document, together with the material potential risks that we currently believe could cause actual results to differ materially from such forward-looking statements. Readers should also consider all of the risk factors which follow below the table: Material Forward-Looking StatementMaterial Potential Risks Related to Applicable Forward-Looking StatementLight Vehicle Production Light vehicle sales levels, including due to: A decline in consumer confidenceEconomic uncertaintyElevated interest rates and availability of consumer creditDeteriorating vehicle affordability Tariffs and/or other actions that erode free trade agreementsProduction deferrals, cancellations and volume reductionsProduction and supply disruptionsCommodities pricesAvailability and relative cost of skilled labour Total SalesSegment Sales Same risks as for Light Vehicle Production aboveAlignment of our product mix with production demandCustomer concentrationUncertain pace of EV adoption. Including North American electric vehicle program deferrals, cancellations and volume reductions and growth with EV-focused OEMs, particularly Chinese OEMsShifts in market shares among vehicles or vehicle segmentsShifts in consumer "take rates" for products we sellRelative currency values Adjusted EBIT MarginNet Income Attributable to Magna Same risks as for Total Sales and Segment Sales aboveExecution of critical program launchesOperational underperformanceProduct warranty/recall risksProduction inefficienciesUnmitigated incremental tariff costsRestructuring costs and/or impairment charges, including due to the ‘reshoring’ of production to the U.S.InflationAbility to secure planned cost recoveries from our customers and/or otherwise offset higher input costsPrice concessionsRisks of conducting business with newer EV-focused OEMsCommodity cost volatilityScrap steel price volatilityTax risks, including our dispute with the Mexican tax authority regarding VAT Equity Income Same risks as Adjusted EBIT Margin and Net Income Attributable to MagnaRisks related to conducting business through joint venturesRisks of doing business in foreign marketsLegal and regulatory proceedingsChanges in law Forward-looking statements are based on information currently available to us and are based on assumptions and analyses made by us in light of our experience and our perception of historical trends, current conditions and expected future developments, as well as other factors we believe are appropriate in the circumstances. While we believe we have a reasonable basis for making any such forward-looking statements, they are not a guarantee of future performance or outcomes. In addition to the factors in the table above, whether actual results and developments conform to our expectations and predictions is subject to a number of risks, assumptions, and uncertainties, many of which are beyond our control, and the effects of which can be difficult to predict, including, without limitation: Macroeconomic, Geopolitical and Other Risks unpredictable tariff and trade environment;trade disputes and threats to free trade agreements;consumer confidence levels;increasing economic uncertainty;interest rates and availability of consumer credit;geopolitical risks; Risks Related to the Automotive Industry program deferrals, cancellations and volume reductions;economic cyclicality;regional production volume declines;deteriorating vehicle affordability;uncertain pace of EV adoption, including North American electric vehicle program deferrals, cancellations and volume reductions;intense competition; Strategic Risks planning and forecasting challenges;evolution of the vehicle;evolving business risk profile;technology and innovation;investments in mobility and technology companies; Customer-Related Risks customer concentration;market shifts;growth of EV-focused OEMs, particularly Chinese OEMs;risks of conducting business with newer EV-focused OEMs;dependence on outsourcing;customer cooperation and consolidation;consumer take rate shifts;customer purchase orders;potential OEM production-related disruptions; Supply Chain Risks supply base;supplier claims;supply chain disruptions;regional energy supply and pricing; Manufacturing/Operational Risks product launch;operational underperformance;restructuring costs and impairment charges, including those related to the ‘reshoring’ of production to the U.S.;skilled labour attraction/retention;leadership expertise and succession; Pricing Risks quote/pricing assumptions;customer pricing pressure/contractual arrangements;commodity cost volatility;scrap steel/aluminum price volatility; Warranty/Recall Risks repair/replace costs;warranty provisions;product liability; Climate Change Risks transition risks and physical risks;strategic and other risks; IT Security/Cybersecurity Risks IT/cybersecurity breach;product cybersecurity; Acquisition Risks inherent merger and acquisition risks;acquisition integration and synergies; Other Business Risks joint ventures;intellectual property;risks of doing business in foreign markets;relative foreign exchange rates;pension risks;tax risks, including our dispute with the Mexican tax authority regarding VAT;returns on capital investments;financial flexibility;credit ratings changes;stock price fluctuation; Legal, Regulatory and Other Risks legal and regulatory proceedings;changes in laws; andenvironmental compliance. In evaluating forward-looking statements or forward-looking information, we caution readers not to place undue reliance on any forward-looking statement. Additionally, readers should specifically consider the various factors which could cause actual events or results to differ materially from those indicated by such forward-looking statements, including the risks, assumptions and uncertainties above which are: discussed under the "Industry Trends and Risks" heading of our Management’s Discussion and Analysis; andset out in our Annual Information Form filed with securities commissions in Canada, our annual report on Form 40-F with the United States Securities and Exchange commission, and subsequent filings. Readers should also consider discussion of our risk mitigation activities with respect to certain risk factors, which can be also found in our Annual Information Form. Additional information about Magna, including our Annual Information Form, is available through the System for Electronic Data Analysis and Retrieval + (SEDAR+) at www.sedarplus.ca, as well as on the United States Securities and Exchange Commission’s Electronic Data Gathering, Analysis and Retrieval System (EDGAR), which can be accessed at www.sec.gov. https://www.globenewswire.com/NewsRoom/AttachmentNg/68b66606-deed-422d-8ad3-814421a488cd

International Business Times AU

02.08.2025

Trump Deploys Nuclear Submarines In Row With Russia

US President Donald Trump ordered the deployment of two nuclear submarines Friday in an extraordinary escalation of what had been an online war of words with a Russian official over Ukraine and tariffs.

ForexTV

11.08.2025

Niu Technologies Announces Unaudited Second Quarter 2025 Financial Results - ForexTV

-- Second Quarter Revenues of RMB 1,255.7 million, increase 33.5% year over year -- Second Quarter Net Income of RMB 5.9 million, compared to net loss of RMB 24.9 million in the same period of last year BEIJING, Aug. 11, 2025 (GLOBE NEWSWIRE) -- Niu Technologies (“NIU”, or “the Company”) (NASDAQ: NIU), the world’s leading provider of smart urban mobility solutions, today announced its unaudited financial results for the second quarter ended June 30, 2025. Second Quarter 2025 Financial Highlights Revenues were RMB 1,255.7 million, an increase of 33.5% year over yearGross margin was 20.1%, compared with 17.0% in the second quarter of 2024Net income was RMB 5.9 million, compared with net loss of RMB 24.9 million in the second quarter of 2024Adjusted net income (non-GAAP)1 was RMB 13.7 million, compared with adjusted net loss of RMB 19.5 million in the second quarter of 2024 Second Quarter 2025 Operating Highlights The number of e-scooters sold was 350,090, up 36.7% year over yearThe number of e-scooters sold in China was 318,719, up 53.6% year over yearThe number of e-scooters sold in the international markets was 31,371, down 35.5% year over yearThe number of franchised stores in China was 4,304 as of June 30, 2025The number of distributors in our international sales network was 57, covering 53 countries as of June 30, 2025 Dr. Yan Li, Chief Executive Officer of the Company, remarked, "During China’s e-commerce peak season in May and June, our products consistently ranked among the best-selling mid to high-end models in the electric bicycle and electric motorcycle sectors. Featuring enhanced intelligence and functionality, our new models launched in the first half of 2025 demonstrated our commitment to smart technology. In addition, we expanded our domestic retail network to over 4,300 stores in China, reinforcing our growth strategy in the domestic market." Dr. Li continued, "In overseas markets, our electric motorcycles continued their steady recovery throughout the first half, in line with our overseas strategy. Meanwhile, sales in the micromobility segment softened due to ongoing geopolitical and economic uncertainties.” Second Quarter 2025 Financial Results Revenues reached RMB 1,255.7 million, representing a 33.5% increase year-over-year. This growth was mainly driven by a 36.7% increase in sales volume, partially offset by a 2.3% decrease in revenues per e-scooter. The following table shows the revenue breakdown and revenues per e-scooter in the periods presented: Revenues(in RMB million) 2025Q2 2024Q2 % change YoYE-scooter sales from China market 1,056.9 727.1 +45.4%E-scooter sales from international markets 103.1 130.4 -20.9%E-scooter sales, sub-total 1,160.0 857.5 +35.3%Accessories, spare parts and services 95.7 83.0 +15.3%Total 1,255.7 940.5 +33.5% Revenues per e-scooter(in RMB) 2025Q2 2024Q2 % changeYoYE-scooter sales from China market2 3,316 3,503 -5.3%E-scooter sales from international markets2 3,288 2,682 +22.6%E-scooter sales 3,313 3,347 -1.0%Accessories, spare parts and services3 274 324 -15.4%Revenues per e-scooter 3,587 3,671 -2.3% E-scooter sales revenues from China market were RMB 1,056.9 million, an increase of 45.4% year-over-year, and represented 91.1% of total e-scooter revenues. The increase was mainly due to a significant increase in sales volume, partially offset by a slight decrease in revenues per e-scooter in China market.E-scooter sales revenues from international markets were RMB 103.1 million, a decrease of 20.9% year-over-year, and represented 8.9% of total e-scooter revenues. The decrease was mainly due to a decrease in sales volume and revenues per e-scooter of kick-scooters in international markets.Accessories, spare parts sales and services revenues were RMB 95.7 million, an increase of 15.3% year-over-year, and represented 7.6% of total revenues. The increase was mainly due to an increase in accessories and spare parts sales in China market. Revenues per e-scooter was RMB 3,587, a decrease of 2.3% year-over-year, mainly due to decreased revenues per e-scooter in China market, partially offset by increased revenues per e-scooter in international markets. Cost of revenues was RMB 1,003.2 million, an increase of 28.5% year-over-year, in line with the growth trend of revenues. The cost per e-scooter, defined as cost of revenues divided by the number of e-scooters sold in a specific period, was RMB 2,866, a decrease of 6.0% from RMB 3,048 in the second quarter of 2024. This decrease was mainly due to changes in product mix, along with the cost-reduction impact in China market. Gross margin was 20.1%, compared with 17.0% in the same period of 2024. The increase was mainly driven by a higher proportion of e-scooter sales and an improved gross margin in China market, reflecting the positive impact of our cost-reduction initiatives. Operating expenses were RMB 264.9 million, an increase of 38.1% year over year. Operating expenses as a percentage of revenues was 21.1%, compared with 20.4% in the second quarter of 2024. Selling and marketing expenses were RMB 202.2 million (including RMB 1.7 million of share-based compensation), an increase of 68.2% from RMB 120.2 million in the second quarter of 2024, primarily driven by a RMB 69.2 million increase in spending on online shopping festivals and other advertising in China market. Selling and marketing expenses as a percentage of revenues was 16.1%, compared with 12.8% in the second quarter of 2024.Research and development expenses were RMB 43.7 million (including RMB 2.8 million of share-based compensation), an increase of 35.5% from RMB 32.3 million in the second quarter of 2024, mainly due to a RMB 6.1 million increase in staff cost and share-based compensation, as well as a RMB 4.9 million increase in design and testing expenses. Research and development expenses as a percentage of revenues was 3.5%, compared with 3.4% in the second quarter of 2024.General and administrative expenses were RMB 19.1 million (including RMB 3.2 million of share-based compensation), a decrease of 51.6% from RMB 39.3 million in the second quarter of 2024, mainly due to an increase in foreign exchange gain of RMB 24.7 million. General and administrative expenses as a percentage of revenues was 1.5%, compared with 4.2% in the second quarter of 2024. Operating expenses excluding share-based compensation were RMB 257.3 million, an increase of 37.9% year over year, and represented 20.5% of revenues, compared with 19.8% in the second quarter of 2024. Selling and marketing expenses excluding share-based compensation were RMB 200.5 million, an increase of 68.6% year over year, and represented 16.0% of revenues, compared with 12.6% in the second quarter of 2024.Research and development expenses excluding share-based compensation were RMB 40.9 million, an increase of 34.5% year over year, and represented 3.3% of revenues, compared with 3.2% in the second quarter of 2024.General and administrative expenses excluding share-based compensation were RMB 15.9 million, a decrease of 57.4% year over year, and represented 1.3% of revenues, compared with 4.0% in the second quarter of 2024. Share-based compensation was RMB 7.9 million, compared with RMB 5.4 million in the same period of 2024. Income tax benefit was RMB 12.5 million, compared with income tax expense of RMB 1.0 million in the same period of 2024. Net income was RMB 5.9 million, compared with net loss of RMB 24.9 million in the second quarter of 2024. The net income margin was 0.5%, compared with net loss margin of 2.6% in the same period of 2024. Adjusted net income (non-GAAP) was RMB 13.7 million, compared with an adjusted net loss of RMB 19.5 million in the second quarter of 2024. The adjusted net income margin4 was 1.1%, compared with an adjusted net loss margin of 2.1% in the same period of 2024. Basic and diluted net income per ADS were both RMB 0.07 (US$ 0.01). Balance Sheet As of June 30, 2025, the Company had cash and cash equivalents, term deposits and short-term investments of RMB 1,226.6 million in aggregate. The Company had restricted cash of RMB 214.8 million and short-term bank borrowings of RMB 220.0 million. Business Outlook NIU expects revenues of the third quarter 2025 to be in the range of RMB 1,433 million to RMB 1,638 million, representing a year-over-year increase of 40% to 60%. The above outlook is based on information available as of the date of this press release and reflects the Company’s current and preliminary expectation and is subject to change. Conference Call The Company will host an earnings conference call on Monday, August 11, 2025 at 8:00 AM U.S. Eastern Time (8:00 PM Beijing/Hong Kong Time) to discuss its second quarter 2025 financial and business results and provide a corporate update. To join via phone, participants need to register in advance of the conference call using the link provided below. Upon registration, participants will receive dial-in numbers and a personal PIN, which will be used to join the conference call. Event:Niu Technologies Second Quarter 2025 Financial Results Conference CallRegistration Link:https://register-conf.media-server.com/register/BI7cb0e8479a9b40adad9622e7836a0677 A live and archived webcast of the conference call will be available on the investor relations website at https://ir.niu.com/news-and-events/webcasts-and-presentations. About NIU As the world’s leading provider of smart urban mobility solutions, NIU designs, manufactures and sells high-performance electric motorcycles, mopeds, bicycles, as well as kick-scooters and e-bikes. NIU has a diversified product portfolio that caters to the various demands of our users and addresses different urban travel scenarios. Currently, NIU offers two model lineups, comprising a number of different vehicle types. These include (i) the electric motorcycle, moped and bicycle series, including the NQi, MQi, UQi, FQi series and others, and (ii) the micro-mobility series, including the kick-scooter series KQi and the e-bike series BQi. NIU has adopted an omnichannel retail model, integrating the offline and online channels, to sell its products and provide services to users.For more information, please visit www.niu.com. Use of Non-GAAP Financial Measures To supplement NIU’s consolidated financial results presented in accordance with the accounting principles generally accepted in the United States of America (“GAAP”), NIU uses the following non-GAAP financial measures: adjusted net income (loss) and adjusted net income (loss) margin. The presentation of these non-GAAP financial measures is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with GAAP. NIU believes that these non-GAAP financial measures provide meaningful supplemental information regarding its performance and liquidity by excluding certain items that may not be indicative of its operating results. The Company believes that both management and investors benefit from referring to these non-GAAP financial measures in assessing its performance and when planning and forecasting future periods. These non-GAAP financial measures also facilitate management’s internal comparisons to NIU’s historical performance. The Company believes these non-GAAP financial measures are useful to investors in allowing for greater transparency with respect to supplemental information used by management in its financial and operational decision making. A limitation of using these non-GAAP financial measures is that these non-GAAP measures exclude certain items that have been and will continue to be for the foreseeable future a significant component in the Company’s results of operations. These non-GAAP financial measures presented here may not be comparable to similarly titled measures presented by other companies. Other companies may calculate similarly titled measures differently, limiting their usefulness as comparative measures to the Company’s data. Adjusted net income (loss) is defined as net income (loss) excluding share-based compensation expenses. Adjusted net income (loss) margin is defined as adjusted net income (loss) as a percentage of the revenues. For more information on non-GAAP financial measures, please see the tables captioned “Reconciliation of GAAP and Non-GAAP Results”. Exchange Rate This announcement contains translations of certain RMB amounts into U.S. dollars (“US$”) at specified rates solely for the convenience of the readers. Unless otherwise stated, all translations from RMB to US$ were made at the rate of RMB 7.1636 to US$ 1.00, the exchange rate in effect as of June 30, 2025, as set forth in the H.10 Statistical release of the Board of Governors of the Federal Reserve System. The Company makes no representation that the RMB or US$ amounts referred could be converted into US$ or RMB, as the case may be, at any particular rate or at all. Safe Harbor Statement This press release contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “likely to” and similar statements. Among other things, the business outlook and quotations from management in this announcement, as well as NIU’s strategic and operational plans, contain forward-looking statements. NIU may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about NIU’s beliefs, plans and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: NIU’s strategies; NIU’s future business development, financial condition and results of operations; NIU’s ability to maintain and enhance its “NIU” brand; its ability to innovate and successfully launch new products and services; its ability to maintain and expand its offline distribution network; its ability to satisfy the mandated safety standards relating to e-scooters; its ability to secure supply of components and raw materials used in e-scooters; its ability to manufacture, launch and sell smart e-scooters meeting customer expectations; its ability to grow collaboration with operation partners; its ability to control costs associated with its operations; general economic and business conditions in China and globally; and assumptions underlying or related to any of the foregoing. Further information regarding these and other risks is included in NIU’s filings with the Securities and Exchange Commission. All information provided in this press release is as of the date of this press release, and NIU does not undertake any obligation to update any forward-looking statement, except as required under applicable law. Investor Relations Contact: Niu TechnologiesE-mail: ir@niu.com NIU TECHNOLOGIESUNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS As of December 31, June 30, June 30, 2024 2025 2025 RMB RMB US$ASSETS Current assets Cash and cash equivalents630,021,303 1,091,655,358 152,389,212 Term deposits274,351,895 134,915,995 18,833,547 Restricted cash216,395,796 214,758,000 29,979,061 Short-term investments- 52,258 7,295 Accounts receivable, net131,921,419 139,323,331 19,448,787 Inventories649,177,719 718,555,675 100,306,504 Prepayments and other current assets267,938,339 305,238,176 42,609,606 Total current assets2,169,806,471 2,604,498,793 363,574,012 Non-current assets Property, plant and equipment, net320,013,632 345,609,048 48,245,163 Intangible assets, net1,043,801 910,718 127,131 Operating lease right-of-use assets71,223,350 76,863,145 10,729,681 Deferred income tax assets31,752,254 47,105,326 6,575,650 Other non-current assets19,318,659 19,063,041 2,661,098 Total non-current assets443,351,696 489,551,278 68,338,723 Total assets2,613,158,167 3,094,050,071 431,912,735 LIABILITIES Current liabilities Short-term bank borrowings200,000,000 220,000,000 30,710,816 Notes payable294,348,768 280,000,000 39,086,493 Accounts payable869,015,140 1,131,648,176 157,971,994 Income taxes payable1,071,914 22,237 3,104 Advances from customers35,892,860 138,749,942 19,368,745 Deferred revenue-current50,247,103 51,824,384 7,234,405 Accrued expenses and other current liabilities201,356,008 330,572,447 46,146,135 Total current liabilities1,651,931,793 2,152,817,186 300,521,692 Deferred revenue-non-current16,886,859 17,168,966 2,396,695 Deferred income tax liabilities3,269,464 3,067,157 428,159 Operating lease liabilities89,990 5,175,294 722,443 Other non-current liabilities9,697,841 12,181,058 1,700,410 Total non-current liabilities29,944,154 37,592,475 5,247,707 Total liabilities1,681,875,947 2,190,409,661 305,769,399 SHAREHOLDERS’ EQUITY: Class A ordinary shares90,549 90,787 12,673 Class B ordinary shares10,316 10,316 1,440 Additional paid-in capital1,988,638,160 2,004,071,073 279,757,534 Accumulated other comprehensive loss(3,129,362) (13,240,087) (1,848,245)Accumulated deficit(1,054,327,443) (1,087,291,679) (151,780,066)Total shareholders’ equity931,282,220 903,640,410 126,143,336 Total liabilities and shareholders’ equity2,613,158,167 3,094,050,071 431,912,735 NIU TECHNOLOGIESUNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) Three Months Ended June 30, Six Months Ended June 30, 2024 2025 2024 2025 RMB RMBUS$ RMB RMBUS$Revenues940,485,316 1,255,706,686 175,289,894 1,445,219,891 1,937,695,138 270,491,811 Cost of revenues(a)(780,800,920) (1,003,227,265)(140,045,126) (1,189,985,235) (1,567,134,506)(218,763,542)Gross profit159,684,396 252,479,421 35,244,768 255,234,656 370,560,632 51,728,269 Operating expenses: Selling and marketing expenses(a)(120,227,190) (202,168,443)(28,221,626) (225,560,363) (316,766,358)(44,218,878)Research and development expenses(a)(32,257,721) (43,716,913)(6,102,646) (61,188,696) (73,518,519)(10,262,790)General and administrative expenses(a)(39,345,476) (19,057,766)(2,660,362) (69,958,435) (39,708,380)(5,543,076)Total operating expenses(191,830,387) (264,943,122)(36,984,634) (356,707,494) (429,993,257)(60,024,744)Government grants- - - 3,756 386,890 54,008 Operating loss(32,145,991) (12,463,701)(1,739,866) (101,469,082) (59,045,735)(8,242,467) Interest expenses(1,520,883) (1,556,698)(217,307) (2,487,283) (2,968,020)(414,320)Interest income8,762,650 6,671,638 931,325 18,017,361 13,565,110 1,893,616 Investment income1,001,901 681,245 95,098 1,001,901 689,025 96,184 Loss before income taxes(23,902,323) (6,667,516)(930,750) (84,937,103) (47,759,620)(6,666,987)Income tax (expense) benefit(1,016,141) 12,548,000 1,751,633 5,221,026 14,795,384 2,065,356 Net (loss) income(24,918,464) 5,880,484 820,883 (79,716,077) (32,964,236)(4,601,631) Other comprehensive income (loss) Foreign currency translation adjustment, net of nil income taxes2,026,261 (7,115,515)(993,288) 2,532,754 (10,110,725)(1,411,403)Comprehensive loss(22,892,203) (1,235,031)(172,405) (77,183,323) (43,074,961)(6,013,034)Net (loss) income per ordinary share —Basic(0.16) 0.04 0.01 (0.50) (0.21)(0.03)—Diluted(0.16) 0.04 0.00 (0.50) (0.21)(0.03)Net (loss) income per ADS —Basic(0.31) 0.07 0.01 (1.01) (0.41)(0.06)—Diluted(0.31) 0.07 0.01 (1.01) (0.41)(0.06) Weighted average number of ordinary shares and ordinary shares equivalents outstanding used in computing net (loss) income per ordinary share —Basic158,541,994 159,670,250 159,670,250 158,127,845 159,500,699 159,500,699 —Diluted158,541,994 164,767,384 164,767,384 158,127,845 159,500,699 159,500,699 Weighted average number of ADS outstanding used in computing net (loss) income per ADS —Basic79,270,997 79,835,125 79,835,125 79,063,923 79,750,350 79,750,350 —Diluted79,270,997 82,383,692 82,383,692 79,063,923 79,750,350 79,750,350 Note: (a) Includes share-based compensation expenses as follows: Three Months Ended June 30, Six Months Ended June 30, 2024 2025 2024 2025 RMB RMBUS$ RMB RMBUS$Cost of revenues138,354 223,656 31,221 441,889 477,164 66,610 Selling and marketing expenses1,328,704 1,656,505 231,239 3,338,816 3,318,582 463,256 Research and development expenses1,831,979 2,785,623 388,858 3,273,257 5,412,153 755,507 General and administrative expenses2,070,589 3,194,639 445,954 4,626,439 6,142,631 857,478 Total share-based compensation expenses5,369,626 7,860,423 1,097,272 11,680,401 15,350,530 2,142,851 NIU TECHNOLOGIESRECONCILIATION OF GAAP AND NON-GAAP RESULTS Three Months Ended June 30, Six Months Ended June 30, 2024 2025 2024 2025 RMB RMBUS$ RMB RMBUS$Net (loss) income(24,918,464) 5,880,484820,883 (79,716,077) (32,964,236)(4,601,631)Add: Share-based compensation expenses5,369,626 7,860,4231,097,272 11,680,401 15,350,530 2,142,851 Adjusted net (loss) income(19,548,838) 13,740,9071,918,155 (68,035,676) (17,613,706)(2,458,780) _______________________________________1 Adjusted net income (loss) (non-GAAP) is defined as net income (loss) excluding share-based compensation expenses 2 Revenues per e-scooter on e-scooter sales from China or international markets is defined as e-scooter sales revenues from China or international markets divided by the number of e-scooters sold in China or international market in a specific period 3 Revenues per e-scooter on accessories, spare parts and services is defined as accessories, spare parts and services revenues divided by the total number of e-scooters sold in a specific period 4 Adjusted net income (loss) margin is defined as adjusted net income (loss) (non-GAAP) as a percentage of the revenues

ForexTV

12.08.2025

PONY AI Inc. Accelerates Gen-7 Robotaxi Production with over 200 Newly Produced, On Track to Scale Up 1,000-Vehicle Fleet by Year End - ForexTV

Leading National Presence — Launched fully-driverless commercial operations in Shanghai; the ONLY Company commercially operating fully-driverless Robotaxi services across all four tier-one cities in China.Strong Revenues Momentum — Total revenues up 76% year-over-year, with Robotaxi fare-charging revenues surging by over 300%. NEW YORK, Aug. 12, 2025 (GLOBE NEWSWIRE) -- Pony AI Inc. (“Pony.ai” or the “Company”) (Nasdaq: PONY), a global leader in achieving large-scale commercialization of autonomous mobility, today announced its unaudited financial results for the second quarter ended June 30, 2025. Dr. James Peng, Chairman and Chief Executive Officer of Pony.ai, commented, “This quarter marked a significant milestone in our journey toward large-scale production and deployment, further solidifying our leadership in the Robotaxi industry. Since mass production started two months ago, over 2001 Gen-7 Robotaxi vehicles have rolled off the production line, putting us firmly on track to hit the year-end 1,000-vehicle target. Our robust Robotaxi revenues more than doubled, with fare-charging revenues surging by over 300% year-over-year. The path toward positive unit economics is also clear, as we made substantial improvements in key cost items such as remote assistance and vehicle insurance. These achievements are underpinned by our rapid scaling and operational breakthroughs in all four tier-one cities in China, coupled with expanded presence in Dubai, South Korea and Luxembourg. As we enter the second half of this pivotal year of mass production, we are driving strongly toward positive unit economics and accelerating our multi-year growth trajectory.” Dr. Tiancheng Lou, Chief Technology Officer of Pony.ai, commented, “Our leading position in the Robotaxi industry is built on two key pillars, fully-driverless and scale, both of which we have already achieved. With extensive real-world testing and operations across diverse conditions, we have demonstrated our commitment to rigorous engineering practices, the reliability of the autonomous driving stack and the strong generalization capabilities powered by our proprietary PonyWorld. With mass production underway, we are not just on track to reach 1,000 vehicles but building the foundation for sustained future growth.” Dr. Leo Wang, Chief Financial Officer of Pony.ai, commented, “We delivered strong results in the second quarter, with total revenues growing 76% year-over-year, reflecting the effectiveness of our go-to-market execution. Our robust Robotaxi fare-charging revenues growth once again underscores our progress in building a scalable and recurring monetization model and enhancing long-term business visibility. As Gen-7 mass production gains momentum and we maintain disciplined investment, we are well positioned to accelerate the large-scale commercialization.” Kicking off Robotaxi Scaling-up, a Strong Validation of our Scalable Fully-Driverless Advantage Mass production and operations of multiple Gen-7 Robotaxi models. 1) We kicked off mass production of the Guangzhou Automobile Group (“GAC”) and Beijing Automotive Industry Corporation (“BAIC”) Gen-7 Robotaxi models in June and July, respectively. With over 200 already produced, we’re accelerating toward our 1,000-vehicle target by the end of 2025. 2) We initiated operations in all four tier-one cities, collectively accumulating over 2 million kilometers of on-road autonomous driving mileage. This showcases the safety and stability of our entire autonomous driving stack in complex real-world scenarios. 3) We have made significant progress in cost efficiency, driven by an improving remote assistant-to-vehicle ratio and lower vehicle insurance. We are confident of achieving a 1:30 ratio by the end of 2025, enabling one remote assistant to monitor 30 vehicles.Two key pillars for technological advancement: fully-driverless and scale. 1) By achieving fully-driverless operations on a large scale, we have already established ourselves as one of the leading Robotaxi companies worldwide. 2) Among all participants in the World Artificial Intelligence Conference (“WAIC”) 2025 in Shanghai, we were the only provider offering fully-driverless and on-demand ride-hailing services to the public. In addition, we were the only one to remain fully-operational during extreme weather conditions, including typhoons and heavy rainstorms. Accelerating Commercial Deployment with Extending Service and User Coverage Accelerating commercial deployment and expanding ecosystem at scale. 1) Growing user adoption, increasing fleet of deployed Robotaxi vehicles and optimizing operational strategy collectively propelled our fare-charging revenues growth, establishing a sustainable monetization model. 2) We entered into a strategic partnership with Shenzhen Xihu Corporation Limited (“Xihu Group”), Shenzhen’s largest taxi operator, to jointly deploy a fleet of over 1,000 Gen-7 Robotaxis in Shenzhen over the coming years.Scaling up service availability to a wider user group. 1) Registered users on our platform surged by 136% year-over-year in the second quarter. 2) We secured testing permits for Gen-7 Robotaxis in all four tier-one cities, laying out a solid foundation for public-facing commercial deployment. 3) In July, we started fully-driverless commercial Robotaxi services to the public in Shanghai’s Pudong New Area, the heart of Shanghai’s financial district and luxury retails. 4) We extended Robotaxi services from 15 hours per day to full 24/7 coverage in certain areas of Guangzhou and Shenzhen to better fulfill rising user demand. Expanding Global Presence by Entering New Markets and Deepening Our Existing Footprint Strategic collaboration with local partners. We have reached a strategic collaboration with Dubai’s Roads and Transport Authority (“RTA”) to integrate our autonomous driving technology into the city’s future transportation ecosystem. The collaboration will deploy our autonomous driving technology through a multi-phase roll-out, starting with supervised Robotaxi trials in late 2025.Advancing operations to cover diverse environments. We have advanced our presence in South Korea by securing nationwide permits, enabling Robotaxi operations across the country. In Gangnam district, Seoul, we are navigating complex urban traffic and challenging conditions, including winter snowfall. In the second quarter, we further launched nighttime and early-morning operations.Ongoing positive regulatory and testing progress. Following the testing permit granted earlier this year in Luxembourg, we launched road testing in the city of Lenningen in the second quarter in partnership with Emile Weber, Luxembourg’s leading mobility and fleet service provider. 1 As of August 11, 2025, 213 Gen-7 Robotaxi vehicles had been produced. Unaudited Second Quarter 2025 Financial Results (in USD thousands) Three Months Ended Six Months Ended June 30, 2024 June 30, 2025 June 30, 2024 June 30, 2025 Revenues: Robotaxi services 592 1,526 1,168 3,256Robotruck services 10,568 9,520 18,035 17,300Licensing and applications 1,039 10,409 5,517 14,878Total revenues 12,199 21,455 24,720 35,434 Total revenues were US$21.5 million (RMB153.7 million) in the second quarter of 2025, representing an increase of 75.9% from US$12.2 million in the second quarter of 2024. The increase was mainly driven by robust growth in both Robotaxi services and Licensing and Applications revenues.Robotaxi services revenues were US$1.5 million (RMB10.9 million) in the second quarter of 2025, representing an increase of 157.8% from US$0.6 million in the second quarter of 2024. Revenues from both fare-charging and project-based engineering solution services demonstrated rapid growth, with fare-charging revenues surging by over 300% year-over-year. The strong growth was primarily driven by expanding user adoption, growing demand in tier-one cities and an increased fleet of deployed Robotaxi vehicles. We also continued to optimize our pricing and operation strategies across diverse user bases, leading to improved user engagement and service efficiency.Robotruck services revenues were US$9.5 million (RMB68.2 million) in the second quarter of 2025, representing a decrease of 9.9% from US$10.6 million in the second quarter of 2024. The decrease primarily reflected our proactive operation optimization to focus on high-margin revenues.Licensing and applications revenues were US$10.4 million (RMB74.6 million) in the second quarter of 2025, representing a significant increase of 901.8% from US$1.0 million in the second quarter of 2024. The growth was mainly driven by increased orders and deliveries of autonomous domain controller (“ADC”) products, supported by rising demand from both new and existing clients in the robot-delivery segment. Cost of Revenues Total cost of revenues was US$18.0 million (RMB128.9 million) in the second quarter of 2025, representing an increase of 47.0% from US$12.2 million in the second quarter of 2024. Gross Profit (Loss) and Gross Margin Gross profit was US$3.5 million (RMB24.8 million) in the second quarter of 2025, compared to gross loss of US$41 thousand in the second quarter of 2024.Gross margin was 16.1% in the second quarter of 2025, compared to negative 0.3% in the second quarter of 2024. The significant gross margin improvement was mainly driven by our focused strategy on prioritizing high-margin revenues sources within Robotaxi and Robotruck services to reduce gross margin variability. We also made solid progress in optimizing Robotaxi unit economics, particularly key cost items such as remote assistance and vehicle insurance. Operating Expenses Operating expenses were US$64.7 million (RMB463.7 million) in the second quarter of 2025, representing an increase of 75.1% from US$37.0 million in the second quarter of 2024. The increase in share-based compensation expenses reflected the normalization of expense recognition following our IPO in November 2024, as vesting is no longer contingent on IPO completion. Non-GAAP2 operating expenses were US$57.5 million (RMB412.1 million) in the second quarter of 2025, representing an increase of 58.5% from US$36.3 million in the second quarter of 2024. The increase in operating expenses was primarily driven by increased investments in mass production, alongside employee expenses aimed at strengthening R&D capacity for Gen-7 Robotaxi vehicles. Research and development expenses were US$49.0 million (RMB351.2 million) in the second quarter of 2025, representing an increase of 69.0% from US$29.0 million in the second quarter of 2024. Non-GAAP research and development expenses were US$44.1 million (RMB315.6 million), representing an increase of 53.3% from US$28.7 million in the second quarter of 2024. The increase was mainly due to i) investments in mass production for the Gen-7 vehicles and ii) increased employee compensation and benefits to strengthen technological capabilities.Selling, general and administrative expenses were US$15.7 million (RMB112.5 million) in the second quarter of 2025, representing an increase of 97.3% from US$8.0 million in the second quarter of 2024. Non-GAAP selling, general and administrative expenses were US$13.5 million (RMB96.5 million), representing an increase of 78.2% from US$7.6 million in the second quarter of 2024. The increase was primarily due to i) increased personnel expenses in preparation for large-scale commercial deployment and ii) increased professional service fees. Loss from Operations Loss from operations was US$61.3 million (RMB438.9 million) in the second quarter of 2025, compared to US$37.0 million in the second quarter of 2024. Non-GAAP loss from operations was US$54.1 million (RMB387.3 million), compared to US$36.3 million in the second quarter of 2024. Net Loss Net loss was US$53.3 million (RMB381.6 million) in the second quarter of 2025, compared to US$30.9 million in the second quarter of 2024. Non-GAAP net loss was US$46.1 million (RMB329.9 million) in the second quarter of 2025, compared to US$30.3 million in the second quarter of 2024. Basic and Diluted Net Loss per Ordinary Share Basic and diluted net loss per ordinary share was both US$0.14 (RMB1.00) in the second quarter of 2025, compared to US$0.92 in the second quarter of 2024. Non-GAAP basic and diluted net loss per ordinary share was both US$0.13 (RMB0.93) in the second quarter of 2025, compared to US$0.91 in the second quarter of 2024. Each American depositary shares (“ADS”) represents one Class A ordinary share. Balance Sheet and Cash Flow Cash and cash equivalents, short-term investments, restricted cash and long-term debt instruments for wealth management were US$747.7 million (RMB5,356.1 million) as of June 30, 2025. In the second quarter of 2025, financing activities provided cash of US$33.1 million, showing an increase compared to the second quarter of 2024. This was mainly due to employee share sales following the expiration of the lock-up period, resulting in funds collected on behalf of employees for future distribution. 2 Non-GAAP financial measures exclude share-based compensation expenses and changes in fair value of warrants liability, and such adjustment has no impact on income tax. For further details, see the “Unaudited Reconciliation of U.S. GAAP and Non-GAAP Results” set forth at the end of this earnings release. Conference Call Pony.ai will hold a conference call at 8:00 AM U.S. Eastern Time on Tuesday, August 12, 2025 (8:00 PM Beijing/Hong Kong Time on the same day) to discuss financial results and answer questions from investors and analysts. For participants who wish to join the call, please complete online registration using the link provided below prior to the scheduled call start time. Upon registration, participants will receive a confirmation email containing dial-in numbers, passcode, and a unique access PIN. Participant Online Registration: https://dpregister.com/sreg/10201767/ffa814a510 A replay of the conference call will be accessible through August 19, 2025, by dialing the following numbers: United States:1-877-344-7529International:1-412-317-0088Replay Access Code:3152089 Additionally, a live and archived webcast of the conference call will be available on the Company’s investor relations website at https://ir.pony.ai. Exchange Rate This press release contains translations of certain RMB amounts into U.S. dollars (“USD”) at specified rates solely for the convenience of the reader. Unless otherwise stated, all translations from RMB to USD were made at the rate of RMB7.1636 to US$1.00, the noon buying rate in effect on June 30, 2025, in the H.10 statistical release of the Federal Reserve Board. The Company makes no representation that the RMB or USD amounts referred could be converted into USD or RMB, as the case may be, at any particular rate or at all. For analytical presentation, all percentages are calculated using the numbers presented in the financial statements contained in this earnings release. Non-GAAP Financial Measures The Company uses non-GAAP financial measures, such as non-GAAP research and development expenses, non-GAAP selling, general and administrative expenses, non-GAAP operating expenses, non-GAAP loss from operations, non-GAAP net loss, non-GAAP net loss attributable to Pony AI Inc., non-GAAP basic and diluted net loss per ordinary share, and non-GAAP free cash flows, in evaluating its operating results and for financial and operational decision-making purposes. By excluding the impact of share-based compensation expenses and changes in fair value of warrants liability, the Company believes that the non-GAAP financial measures help identify underlying trends in its business and enhance the overall understanding of the Company’s past performance and future prospects. The Company also believes that the non-GAAP financial measures allow for greater visibility with respect to key metrics used by the Company’s management in its financial and operational decision-making. The non-GAAP financial measures are not presented in accordance with U.S. GAAP and may be different from non-GAAP methods of accounting and reporting used by other companies. The non-GAAP financial measures have limitations as analytical tools and when assessing the Company’s operating performance, investors should not consider them in isolation, or as a substitute for financial information prepared in accordance with U.S. GAAP. The Company encourages investors and others to review its financial information in its entirety and not rely on a single financial measure. The Company mitigates these limitations by reconciling the non-GAAP financial measures to the most comparable U.S. GAAP performance measures, all of which should be considered when evaluating the Company’s performance. For more information on the non-GAAP financial measures, please see the table captioned “Unaudited Reconciliation of U.S. GAAP and Non-GAAP Results” set forth at the end of this earnings release. About Pony AI Inc. Pony AI Inc. is a global leader in achieving large-scale commercialization of autonomous mobility. Leveraging its vehicle-agnostic Virtual Driver technology, a full-stack autonomous driving technology that seamlessly integrates Pony.ai’s proprietary software, hardware, and services, Pony.ai is developing a commercially viable and sustainable business model that enables the mass production and deployment of vehicles across transportation use cases. Founded in 2016, Pony.ai has expanded its presence across China, Europe, East Asia, the Middle East and other regions, ensuring widespread accessibility to its advanced technology. For more information, please visit: https://ir.pony.ai. Safe Harbor Statement This press release contains statements that may constitute “forward-looking” statements pursuant to the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “aims,” “future,” “intends,” “plans,” “believes,” “estimates,” “likely to,” and similar statements. Statements that are not historical facts, including statements about Pony.ai’s beliefs, plans, and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. Further information regarding these and other risks is included in Pony.ai’s filings with the SEC. All information provided in this press release is as of the date of this press release, and Pony.ai does not undertake any obligation to update any forward-looking statement, except as required under applicable law. For investor and media inquiries, please contact: Pony.ai Investor Relations Email: ir@pony.ai Christensen Advisory Email: pony@christensencomms.com Pony AI Inc. Unaudited Condensed Consolidated Balance Sheets (All amounts in USD thousands) As of As ofDecember 31, 2024 June 30, 2025 Assets Current assets: Cash and cash equivalents 535,976 318,533Restricted cash, current 21 20Short-term investments 209,035 289,493Accounts receivable, net 28,555 27,084Amounts due from related parties, current 8,322 7,443Prepaid expenses and other current assets 52,713 59,228Total current assets 834,622 701,801Non-current assets: Restricted cash, non-current 175 188Property, equipment and software, net 17,241 29,443Operating lease right-of-use assets 13,342 16,338Long-term investments 130,799 214,142Prepayment for long-term investments 52,823 25,000Other non-current assets 1,819 4,134Total non-current assets 216,199 289,245Total assets 1,050,821 991,046Liabilities and Shareholders’ Equity Current liabilities: Accounts payable and other current liabilities 66,548 107,804Operating lease liabilities, current 3,438 4,825Amounts due to related parties, current 900 744Total current liabilities 70,886 113,373Operating lease liabilities, non-current 9,835 11,928Other non-current liabilities 1,389 1,480Total liabilities 82,110 126,781Total Pony AI Inc. shareholders’ equity 951,122 853,363Non-controlling interests 17,589 10,902Total shareholders’ equity 968,711 864,265Total liabilities and shareholders’ equity 1,050,821 991,046 Pony AI Inc. Unaudited Condensed Consolidated Statements of Operations and Comprehensive Loss (All amounts in USD thousands, except for share and per share data) Three Months Ended Six Months Ended June 30, 2024 June 30, 2025 June 30, 2024 June 30, 2025 Revenues 12,199 21,455 24,720 35,434 Cost of revenues (12,240) (17,992) (22,134) (29,655)Gross (loss) profit (41) 3,463 2,586 5,779 Operating expenses: Research and development expenses (29,011) (49,030) (58,725) (96,516)Selling, general and administrative expenses (7,956) (15,701) (15,579) (26,574)Total operating expenses (36,967) (64,731) (74,304) (123,090)Loss from operations (37,008) (61,268) (71,718) (117,311)Investment income 5,173 6,513 11,350 28,687 Changes in fair value of warrants liability - - 5,617 - Other income (expenses), net 891 1,493 2,978 (2,015)Loss before income tax (30,944) (53,262) (51,773) (90,639)Income tax expenses (2) (1) (2) (1)Net loss (30,946) (53,263) (51,775) (90,640)Net (loss) income attributable to non-controlling interests (227) (165) (458) 5,446 Net loss attributable to Pony AI Inc. (30,719) (53,098) (51,317) (96,086)Foreign currency translation adjustments (741) 10 (1,046) 114 Unrealized gain (loss) on available-for-sale investments 5,185 (47) 5,236 (13,771)Total other comprehensive income (loss) 4,444 (37) 4,190 (13,657)Total comprehensive loss (26,502) (53,300) (47,585) (104,297)Less: Comprehensive loss attributable to non-controlling interests (268) (134) (529) (252)Total comprehensive loss attributable to Pony AI Inc. (26,234) (53,166) (47,056) (104,045)Weighted average number of ordinary shares outstanding used in computing net loss per ordinary share, basic and diluted 91,777,215 366,831,015 91,557,008 359,375,886 Net loss per ordinary share, basic and diluted (0.92) (0.14) (1.14) (0.27) Pony AI Inc. Unaudited Condensed Consolidated Statements of Cash Flows (All amounts in USD thousands) Three Months Ended Six Months Ended June 30, 2024 June 30, 2025 June 30, 2024 June 30, 2025 Net cash used in operating activities (18,046) (25,411) (59,122) (79,570)Net cash used in investing activities (83,013) (67,145) (28,669) (160,416)Net cash (used in)/provided by financing activities (357) 33,086 (710) 23,600 Effect of exchange rate changes on cash, cash equivalents and restricted cash2,268 (1,167) (2,704) (1,045)Net change in cash, cash equivalents and restricted cash (99,148) (60,637) (91,205) (217,431)Cash, cash equivalents and restricted cash at beginning of period 434,148 379,378 426,205 536,172 Cash, cash equivalents and restricted cash at end of period 335,000 318,741 335,000 318,741 Pony AI Inc. Unaudited Reconciliation of U.S. GAAP and Non-GAAP Results (All amounts in USD thousands, except for share and per share data) Three Months Ended Six Months Ended June 30, 2024 June 30, 2025 June 30, 2024 June 30, 2025 Research and development expenses (29,011) (49,030) (58,725) (96,516)Share-based compensation expenses 273 4,970 605 11,874 Non-GAAP research and development expenses (28,738) (44,060) (58,120) (84,642) Selling, general and administrative expenses (7,956) (15,701) (15,579) (26,574)Share-based compensation expenses 398 2,235 855 4,343 Non-GAAP selling, general and administrative expenses (7,558) (13,466) (14,724) (22,231) Operating expenses (36,967) (64,731) (74,304) (123,090)Share-based compensation expenses 671 7,205 1,460 16,217 Non-GAAP operating expenses (36,296) (57,526) (72,844) (106,873) Loss from operations (37,008) (61,268) (71,718) (117,311)Share-based compensation expenses 671 7,205 1,460 16,217 Non-GAAP loss from operations3 (36,337) (54,063) (70,258) (101,094) Net loss (30,946) (53,263) (51,775) (90,640)Share-based compensation expenses 671 7,205 1,460 16,217 Changes in fair value of warrants liability - - (5,617) - Non-GAAP net loss (30,275) (46,058) (55,932) (74,423) Net loss attributable to Pony AI Inc. (30,719) (53,098) (51,317) (96,086)Share-based compensation expenses 671 7,205 1,460 16,217 Changes in fair value of warrants liability - - (5,617) - Non-GAAP net loss attributable to Pony AI Inc. (30,048) (45,893) (55,474) (79,869) Weighted average number of ordinary shares outstanding used in computing net loss per ordinary share, basic and diluted 91,777,215 366,831,015 91,557,008 359,375,886 Non-GAAP net loss per ordinary share, basic and diluted (0.91) (0.13) (1.19) (0.22) 3 Such adjustments have no impact on income tax for the three-month and six-month periods ended June 30, 2024 and 2025 due to i) the conditions on tax deduction for share-based compensation have not been met, and valuation allowance was provided for all deferred tax assets; and ii) warrants are issued by the Group’s Cayman entity, and its applicable income tax rate is nil. Pony AI Inc. Unaudited Reconciliation of U.S. GAAP and Non-GAAP Results (All amounts in USD thousands, except for share and per share data) Three Months Ended Six Months Ended June 30, 2024 June 30, 2025 June 30, 2024 June 30, 2025 Net cash used in operating activities (18,046) (25,411) (59,122) (79,570)Capital expenditures (1,736) (9,576) (1,906) (14,464)Free cash flows4(Non-GAAP) (19,782) (34,987) (61,028) (94,034) 4 Free Cash Flows are a non-GAAP measure, commonly defined as cash flows from operating activities as presented in the statement of cash flows, less capital expenditures. However, in the context of the Company, operating cash flows are a cash out (i.e., a cash outflow). Free Cash Flows represent the total of operating cash outflows plus capital expenditures. This metric reflects the Company's important cash outflows, as it combines the funds required to maintain operations and invest in growth.

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