Equities

Largo shares rise 3.8% after $82.2m debt restructuring extends maturity to 2030
Largo Inc. secures debt extension to March 2030, providing operational runway as it ramps up vanadium and by-product sales. Shares advance 3.8% in after-hours trading.

Largo restructures $82.2M debt, extends maturity to 2030
Finance Review Daily is tracking this developing story; additional confirmed specifics had not been verified at the time of publication.

Nasdaq to delist OSR Health over bid price failure
OSR Health faces Nasdaq delisting after share price remained below $1.00 for extended periods. Trading suspension set for Aug. 26.

Downer posts FY26 profit beat as margins expand despite revenue drop
Underlying earnings rose 6% to $502.9 million as EBITA margin hit 5.1%, surpassing guidance. Revenue fell 4.6% to $9.8 billion amid divestitures and FX headwinds.

Zip FY26 profit jumps 58% as U.S. growth drives record cash EBITDA
Buy-now-pay-later firm Zip Co posted a 58% surge in cash EBITDA to $268.9m, with U.S. transaction volume up 42.5% and operating margins expanding to 20%.

Nomad Compute appoints Jonathan Hives as non-executive director
Hives brings 18 years of financial planning experience and joins Nomad Compute’s board as Paul Kennedy steps down. Warrants for 30 million shares at 0.25p each are part of the appointment.

Tempus AI jumps 13% on strong earnings, AI platform validation
Chicago-based AI precision medicine firm reports first quarterly profit, raises 2026 revenue guidance after PRISM2 validation study and commercial partnership. Stock hits session high of $59.04.

Jefferies upgrades VAT Group to ‘Hold’ after 170% rally
The Swiss semiconductor supplier’s shares rise 0.7% as Jefferies shifts stance from ‘Underperform’ to ‘Hold’, lifting its price target to 646 francs. Eight of 17 analysts now recommend buying.

Geberit posts strong Q2 2026 results, raises full-year outlook
Swiss plumbing supplier reports 5.9% organic sales growth in first half of 2026 despite currency headwinds, with EPS up 7.9% and EBITDA margin steady at 30.9%.

Fractal Gaming Group Q2 sales plunge 65% as premium PC cases face demand slump
Swedish gaming accessories maker Fractal Gaming Group reported a sharp drop in quarterly sales, citing inventory normalization and weaker demand for premium products despite gains in market share.

Heidelberg posts 13% drop in Q1 sales as Italian subsidy phase-out hits orders
German printing equipment maker Heidelberg reported a sharp decline in first-quarter net sales and adjusted EBITDA margin as demand weakened in Europe. Full-year guidance was reaffirmed despite negative free cash flow.

BKW AG posts 7% rise in H1 2026 net profit despite lower operating earnings
Swiss utility BKW AG reported CHF 217.6 million in net profit for the first half of 2026, up 7% year-over-year, while operating earnings declined. The company maintained its full-year EBIT guidance range.

BICO shares surge 13% on Q2 2026 margin gains, revenue growth
Swedish biotech firm BICO Group reported a 59% gross margin in Q2 2026, up from 44% a year earlier, driving a 13% pre-market stock surge. Adjusted EBITDA margin improved to 6% from negative 2.6%.

KazMunayGas launches $500M tender offer for 2030 notes
KazMunayGas seeks to repurchase up to $500 million of its 5.375% notes due 2030, offering $1,012 per $1,000 principal for early tenders. The offer targets 40% of the $1.25 billion outstanding issue.

ASR Nederland posts record OCC, 222% solvency ratio in H1 2026
Dutch insurer ASR Nederland reports €773 million organic capital creation and a 222% Solvency II ratio for the first half of 2026, alongside a 9% interim dividend hike.

NEPI Rockcastle posts 3.5% earnings growth in H1 2026
Central and Eastern European retail property leader NEPI Rockcastle reports distributable earnings per share growth, portfolio expansion into Spain, and raised full-year guidance. Operational metrics remain robust with 98.2% occupancy.

US stocks rise as Moderna surges on cancer therapy data; SMI advances 0.36%
Moderna’s mRNA cancer vaccine trial results drove a near-doubling of its share price, while the Dow, S&P 500 and Nasdaq 100 posted modest gains. Swiss equities advanced as geopolitical risks and bond yields weighed on risk appetite.

ASR Nederland posts record H1 2026 profit, raises interim dividend
Dutch insurer's operating capital contribution rose 7.1% to a record €773 million, while net profit climbed 9.8% as solvency improved to 222%.

BKW shares fall after H1 profit drops, 2026 EBIT outlook cut
Swiss energy group BKW reported a 15% drop in H1 EBIT and confirmed a lower-end 2026 earnings target. Shares fell more than 1% as energy market headwinds weighed on performance.

Alfen’s H1 2026 revenue rises 23.6% but shares drop 6.3% on margin concerns
Dutch electrification firm Alfen reported a 23.6% year-over-year revenue increase to €261.5 million in H1 2026, but its stock fell 6.3% after executives flagged margin pressures in energy storage and EV charging.

US stocks slip as Walmart drags; Moderna surges before retreat
S&P 500, Dow and Nasdaq fall after Walmart’s weak quarter and rising oil prices. Moderna jumps 177% before paring gains. SMI also declines as Logitech, Swiss Re drop.

LandBridge shares jump 9.6% on Texas conversion and Barron’s spotlight
Stock surges to a new 52-week high after SEC filing to reincorporate in Texas and a Barron’s article highlighting technical setups in water infrastructure plays.

Kinepolis posts 32.6% H1 2026 revenue jump as cinema demand surges
Net profit more than tripled to EUR 28.1 million on strong box office and in-theater sales growth. Stock nears 52-week high after earnings call.

Tonies SE posts 41% H1 2026 revenue growth as shares dip
Strong sales growth driven by North America and new product launches offset margin compression and sent shares down 4.2% in pre-market trading.

