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euronext62d ago

Progress on share buyback programme

Progress on share buyback programme Stocks master_of_puppetsTue 03/02/2026 - 08:00 NL0011821202 NL0011821202 NL0011821202 PDF Version of Press Release 03/02/2026 - 08:00 Amsterdam Progress on share buyback programme Other subject 1001162477-en GlobeNewswire ING Group Euronext Published 30101010 Banks BGEM ETLX XAMS Language English Progress on share buyback programme ING announced today that, as part of our €1.1 billion share buyback programme announced on 30 October 2025, in total 2,606,377 shares were repurchased during the week of 26 January up to and including 30 January 2026. The shares were repurchased at an average price of €24.76 for a total amount of €64,545,806.61. For detailed information on the daily repurchased shares, individual share purchase transactions and weekly reports, see the updates on the https://www.globenewswire.com/Tracker?data=gj4ngVYcoPGYFEXe_8iWVak4i2ZO...; rel="nofollow" target="_blank">share buyback programme on our website. In line with the purpose of the programme to reduce the share capital of ING, the total number of shares repurchased under this programme to date is 25,520,672 at an average price of €23.23 for a total consideration of €592,900,930.89. To date approximately 53.90% of the maximum total value of the share buyback programme has been completed. Note for editorsFor further information on ING, please visit https://www.globenewswire.com/Tracker?data=xZz0uq-tBq7evsUW5xgqhHrKIEpI...; rel="nofollow" target="_blank">www.ing.com;. Frequent news updates can be found in the https://www.globenewswire.com/Tracker?data=LHzlAZt1QElKBgbWZkSOif7Q5E_b...; rel="nofollow" target="_blank">Newsroom. Photos of ING operations, buildings and its executives are available for download at https://www.globenewswire.com/Tracker?data=2wLcZYsQoft8vd7THt0WuBqcXBH-...; rel="nofollow" target="_blank">Flickr. Press enquiries Investor enquiries ING Group Media Relations ING Group Investor Relations+31 20 576 5000+31 20 576 6396mailto:media.relations@ing.com" rel="nofollow" target="_blank">media.relations@ing.commailto:Investor.Relations@ing.com" rel="nofollow" target="_blank">Investor.Relations@ing.com ING PROFILEING is a global financial institution with a strong European base, offering banking services through its operating company ING Bank. The purpose of ING Bank is: empowering people to stay a step ahead in life and in business. ING Bank’s more than 60,000 employees offer retail and wholesale banking services to customers in over 100 countries. ING Group shares are listed on the exchanges of Amsterdam (INGA NA, INGA.AS), Brussels and on the New York Stock Exchange (ADRs: ING US, ING.N). ING aims to put sustainability at the heart of what we do. Our policies and actions are assessed by independent research and ratings providers, which give updates on them annually. ING's ESG rating by MSCI has been upgraded from 'AA' to 'AAA' in October 2025. As of June 2025, in Sustainalytics’ view, ING’s management of ESG material risk is ‘Strong’ with an ESG risk rating of 18.0 (low risk). ING Group shares are also included in major sustainability and ESG index products of leading providers. Here are some examples: Euronext, STOXX, Morningstar and FTSE Russell. Society is transitioning to a low-carbon economy. So are our clients, and so is ING. We finance a lot of sustainable activities, but we still finance more that’s not. Follow our progress on ing.com/climate. IMPORTANT LEGAL INFORMATIONElements of this press release contain or may contain information about ING Groep N.V. and/ or ING Bank N.V. within the meaning of Article 7(1) to (4) of EU Regulation No 596/2014 (‘Market Abuse Regulation’). ING Group’s annual accounts are prepared in accordance with International Financial Reporting Standards as adopted by the European Union (‘IFRS- EU’). In preparing the financial information in this document, except as described otherwise, the same accounting principles are applied as in the 2024 ING Group consolidated annual accounts. All figures in this document are unaudited. Small differences are possible in the tables due to rounding. Certain of the statements contained herein are not historical facts, including, without limitation, certain statements made of future expectations and other forward-looking statements that are based on management’s current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Actual results, performance or events may differ materially from those in such statements due to a number of factors, including, without limitation: (1) changes in general economic conditions and customer behaviour, in particular economic conditions in ING’s core markets, including changes affecting currency exchange rates and the regional and global economic impact of the invasion of Russia into Ukraine and related international response measures (2) changes affecting interest rate levels (3) any default of a major market participant and related market disruption (4) changes in performance of financial markets, including in Europe and developing markets (5) fiscal uncertainty in Europe and the United States (6) discontinuation of or changes in ‘benchmark’ indices (7) inflation and deflation in our principal markets (8) changes in conditions in the credit and capital markets generally, including changes in borrower and counterparty creditworthiness (9) failures of banks falling under the scope of state compensation schemes (10) non- compliance with or changes in laws and regulations, including those concerning financial services, financial economic crimes and tax laws, and the interpretation and application thereof (11) geopolitical risks, political instabilities and policies and actions of governmental and regulatory authorities, including in connection with the invasion of Russia into Ukraine and the related international response measures (12) legal and regulatory risks in certain countries with less developed legal and regulatory frameworks (13) prudential supervision and regulations, including in relation to stress tests and regulatory restrictions on dividends and distributions (also among members of the group) (14) ING’s ability to meet minimum capital and other prudential regulatory requirements (15) changes in regulation of US commodities and derivatives businesses of ING and its customers (16) application of bank recovery and resolution regimes, including write down and conversion powers in relation to our securities (17) outcome of current and future litigation, enforcement proceedings, investigations or other regulatory actions, including claims by customers or stakeholders who feel misled or treated unfairly, and other conduct issues (18) changes in tax laws and regulations and risks of non-compliance or investigation in connection with tax laws, including FATCA (19) operational and IT risks, such as system disruptions or failures, breaches of security, cyber-attacks, human error, changes in operational practices or inadequate controls including in respect of third parties with which we do business and including any risks as a result of incomplete, inaccurate, or otherwise flawed outputs from the algorithms and data sets utilized in artificial intelligence (20) risks and challenges related to cybercrime including the effects of cyberattacks and changes in legislation and regulation related to cybersecurity and data privacy, including such risks and challenges as a consequence of the use of emerging technologies, such as advanced forms of artificial intelligence and quantum computing (21) changes in general competitive factors, including ability to increase or maintain market share (22) inability to protect our intellectual property and infringement claims by third parties (23) inability of counterparties to meet financial obligations or ability to enforce rights against such counterparties (24) changes in credit ratings (25) business, operational, regulatory, reputation, transition and other risks and challenges in connection with climate change, diversity, equity and inclusion and other ESG-related matters, including data gathering and reporting and also including managing the conflicting laws and requirements of governments, regulators and authorities with respect to these topics (26) inability to attract and retain key personnel (27) future liabilities under defined benefit retirement plans (28) failure to manage business risks, including in connection with use of models, use of derivatives, or maintaining appropriate policies and guidelines (29) changes in capital and credit markets, including interbank funding, as well as customer deposits, which provide the liquidity and capital required to fund our operations, and (30) the other risks and uncertainties detailed in the most recent annual report of ING Groep N.V. (including the Risk Factors contained therein) and ING’s more recent disclosures, including press releases, which are available on https://www.globenewswire.com/Tracker?data=xZz0uq-tBq7evsUW5xgqhFMtge4w...; rel="nofollow" target="_blank">.www.ing.com.; This document may contain ESG-related material that has been prepared by ING on the basis of publicly available information, internally developed data and other third-party sources believed to be reliable. ING has not sought to independently verify information obtained from public and third-party sources and makes no representations or warranties as to accuracy, completeness, reasonableness or reliability of such information. This document may also discuss one or more specific transactions and/or contain general statements about ING’s ESG approach. The approach and criteria referred to in this document are intended to be applied in accordance with applicable law. Due to the fact that there may be different or even conflicting laws, the approach, criteria or the application thereof, could be different. Materiality, as used in the context of ESG, is distinct from, and should not be confused with, such term as defined in the Market Abuse Regulation or as defined for Securities and Exchange Commission (‘SEC’) reporting purposes. Any issues identified as material for purposes of ESG in this document are therefore not necessarily material as defined in the Market Abuse Regulation or for SEC reporting purposes. In addition, there is currently no single, globally recognized set of accepted definitions in assessing whether activities are “green” or “sustainable.” Without limiting any of the statements contained herein, we make no representation or warranty as to whether any of our securities constitutes a green or sustainable security or conforms to present or future investor expectations or objectives for green or sustainable investing. For information on characteristics of a security, use of proceeds, a description of applicable project(s) and/or any other relevant information, please reference the offering documents for such security. This document may contain inactive textual addresses to internet websites operated by us and third parties. Reference to such websites is made for information purposes only, and information found at such websites is not incorporated by reference into this document. ING does not make any representation or warranty with respect to the accuracy or completeness of, or take any responsibility for, any information found at any websites operated by third parties. ING specifically disclaims any liability with respect to any information found at websites operated by third parties. ING cannot guarantee that websites operated by third parties remain available following the publication of this document, or that any information found at such websites will not change following the filing of this document. Many of those factors are beyond ING’s control. Any forward-looking statements made by or on behalf of ING speak only as of the date they are made, and ING assumes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information or for any other reason. This document does not constitute an offer to sell, or a solicitation of an offer to purchase, any securities in the United States or any other jurisdiction. Attachment PDF">https://ml-eu.globenewswire.com/Resource/Download/a575e449-3455-420d-b9... Version of Press Release https://www.globenewswire.com/newsroom/ti?nf=MTAwMTE2MjQ3NyM0MDIzMjYwOD...; /> https://ml-eu.globenewswire.com/media/MWYxZTNjOWQtMWNkMS00YTA1LTk5NjUtN...; referrerpolicy="no-referrer-when-downgrade" /> ING GROEP ING GROEP N.V. ING GROEP N.V. 047206 NL0011821202-BGEM NL0011821202-ETLX NL0011821202-XAMS 1INGA 4INGA INGA

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AudioCodes Reports Fourth Quarter and Full Year 2025 Results and Declares Semi-Annual Dividend of 20 cents per share
benzinga62d ago

AudioCodes Reports Fourth Quarter and Full Year 2025 Results and Declares Semi-Annual Dividend of 20 cents per share

OR YEHUDA, Israel, Feb. 3, 2026 /PRNewswire/ --Fourth Quarter and Full Year 2025 HighlightsQuarterly revenues increased by 1.7% year-over-year to $62.6 million;Full year 2025 revenue increased by 1.4% to $245.6 million.Quarterly services revenues increased by 1.0% year-over-year to $34.6 million;Full year 2025 services revenues increased by 0.4% to $130.7 million.GAAP results:Quarterly GAAP gross margin was 65.6%;Quarterly GAAP operating margin was 6.0%;Quarterly GAAP EBITDA was $4.9 million;Quarterly GAAP net income was $1.9 million, or $0.07 per diluted share; andFull year 2025 GAAP net income was $9.0 million, or $0.31 per diluted share.Non-GAAP results:Quarterly Non-GAAP gross margin was 65.9%;Quarterly Non-GAAP operating margin was 8.6%;Quarterly Non-GAAP EBITDA was $6.5 million;Quarterly Non-GAAP net income was $4.5 million, or $0.16 per diluted share; andFull year 2025 Non-GAAP net income was $18.1 million, or $0.61 per diluted share.Net cash provided by operating activities was $4.1 million for the quarter and $29.4 million for the full year 2025.AudioCodes repurchased 667,193 of its ordinary shares during the quarter at an aggregate cost of $6.1 million.DetailsAudioCodes (NASDAQ:AUDC), a global leader in enterprise voice and VoiceAI business solutions, today announced its financial results for the fourth quarter and full year period ended December 31, 2025.Revenues for the fourth quarter of 2025 were $62.6 million compared to $61.6 million for the fourth quarter of 2024. Revenues were $245.6 million in 2025 compared to $242.2 million in 2024.EBITDA for the fourth quarter of 2025 was $4.9 million compared to $5.2 million for the fourth quarter of 2024. EBITDA was $18.3 million in 2025 compared to $21.1 million in 2024.On a Non-GAAP basis, EBITDA for the fourth quarter of 2025 was $6.5 million compared to $8.5 million for the fourth quarter of 2024. EBITDA was $24.8 million in 2025 compared to $31.4 million in 2024.Net income was $1.9 million, or $0.07 per diluted share, for the fourth quarter of 2025 compared to net income of $6.8 million, or $0.22 per diluted share, for the fourth quarter of 2024. Net income was $9.0 million, or $0.31 per diluted share in 2025, compared to $15.3 million, or $0.50 per diluted share in 2024.On a Non-GAAP basis, net income was $4.5 million, or $0.16 per diluted share, for the fourth quarter of 2025 compared to $11.6 million, or $0.37 per diluted share, for the fourth quarter of 2024. Non-GAAP net income was $18.1 million, or $0.61 per diluted share in 2025 compared to $27.3 million, or $0.87 per diluted share in 2024.Non-GAAP net income excludes: (i) share-based compensation expenses; (ii) amortization expenses related to intangible assets; (iii) financial income (expenses) related to exchange rate differences in connection with revaluation of assets and liabilities in non-dollar denominated currencies; (iv) tax impact which relates to our Non-GAAP adjustments; (v) in Q1 2024 non-cash lease expense which is required to be recorded during the quarter even though this is a free rent period under the lease for the Company's new headquarters; and (vi) a one-time, non-recurring expense attributable to the settlement agreement with former headquarter office landlord. A reconciliation of net income on a GAAP basis to a non-GAAP basis is provided in the tables that accompany the condensed consolidated financial statements contained in this press release.Net cash provided by operating activities was $4.1 million for the fourth quarter of 2025 and $29.4 million for 2025. Cash and cash equivalents, short-term bank deposits, long and short-term marketable securities, and long-term financial investments were $75.7 million as of December 31, 2025 compared to $93.9 million as of December 31, 2024. The decrease in cash and cash equivalents, short-term bank deposits, long and short-term marketable securities and long-term financial investments was the result of the use of cash for the continued repurchasing of the Company's ordinary shares pursuant to its share repurchase program and the payment of a cash dividend during each of the first and third quarters of 2025. This was partially offset by cash generated from operating activities."I am pleased to report solid financial results for the fourth quarter 2025. Fourth quarter performance demonstrates our success in the ongoing evolution towards becoming a Voice AI-focused hybrid cloud software and services company", said Shabtai Adlersberg, President and Chief Executive Officer of AudioCodes.Fourth quarter's performance was driven by strong momentum across our two primary growth engines: the Live family of managed services for UCaaS and CX, and the conversational AI (CAI) business. Together, these two units drove growth in our Annual Recurring Revenue (ARR) to $79 million, marking a 22% year-over-year increase. Within Conversational AI our revenues grew over 50% in the fourth quarter. Additionally, we saw recovery in our Connectivity business in NA, which was driven mainly by resurgence in demand triggered by the renewed focus on the PSTN shutdown trend in NA.We are experiencing robust and broad-based demand across our conversational AI portfolio which exhibited as a group growth of over 35% in 2025 compared to 2024. We saw substantial growth in the Voice AI Connect and Live Hub revenues which grew above 50% year-over-year. Voca CIC, our AI first CX solution for Microsoft Teams exhibited also 50% growth year-over-year. Additionally, we saw meaningful progress in our meeting insight solutions, both in the cloud edition and the on prem solution. With growing demand for our business voice applications in the enterprise space, we are confident in the success of this new growth engine for coming years. Overall, we executed well against our business goals. The increased investments in our Live services and CAI over the past several years have significantly contributed to the strong operational momentum, and are expected to contribute to sustained healthy top-line growth in 2026 and beyond," concluded Mr. Adlersberg. Share Buy Back ProgramDuring the quarter ended December 31, 2025, the Company acquired 667,193 of its ordinary shares under its share repurchase program for a total consideration of $6.1 million.In October 2025, the Company received court approval in Israel to purchase up to an aggregate amount of $25 million of ordinary shares. The court approval also permits AudioCodes to declare a dividend out of any part of this amount. The approval is valid through April 27, 2026.As of December 31, 2025, the Company had $20.6 million available under this approval for the repurchase of shares and/or declaration of cash dividends.Cash DividendAudioCodes also announced today that the Company's Board of Directors has declared a cash dividend in the amount of 20 cents per share. The aggregate amount of the dividend is approximately $5.4 million. The dividend is payable on March 6, 2026, to all of the Company's shareholders of record at the close of trading on the NASDAQ Global Select Market on February 20, 2026.In accordance with Israeli tax law, the dividend is subject to withholding tax at source at the rate of 25% of the dividend amount payable to each shareholder of record, subject to applicable exemptions. If the recipient of the dividend is at the time of distribution or was at any time during the preceding 12-month period the holder of 10% or more of the Company's share capital, the withholding rate is 30%.The dividend will be paid in U.S. dollars on the ordinary shares of AudioCodes Ltd. that are traded on the Nasdaq Global Select Market or the Tel-Aviv Stock Exchange. The amount and timing of any other dividends will be determined by the Company's Board of Directors.Conference Call & Web Cast InformationAudioCodes will conduct a conference call at 8:30 A.M., Eastern Time today to discuss the Company's fourth quarter of 2025 operating performance, financial results and outlook. Interested parties may participate in the conference call by dialing one of the following numbers:United States Participants: 888-506-0062International Participants: +1 (973) 528-0011The conference call will also be simultaneously webcast. Investors are invited to listen to the call live via webcast at the AudioCodes investor website at http://www.audiocodes.com/investors-lobby.Follow AudioCodes' social media channels:AudioCodes invites you to join our online community and follow us on: AudioCodes Voice Blog, LinkedIn, X, Facebook, and YouTube.About AudioCodesAudioCodes Ltd. (NASDAQ, TASE: AUDC) is a global leader in enterprise voice and VoiceAI business solutions. We help organizations unlock the full value of voice, transforming every conversation, whether human or AI, into a strategic asset that drives better business outcomes. Our portfolio spans voice connectivity, unified communications and contact center integration, and next-generation voice AI applications that enhance collaboration, automate workflows and deliver real-time insights. With over 30 years of global experience and trusted by 65 of the Fortune 100, AudioCodes powers the intelligent enterprise, connecting people, platforms and data to move business forward.For more information on AudioCodes, visit http://www.audiocodes.com.Statements concerning AudioCodes' business outlook or future economic performance, product introductions and plans and objectives related thereto, and statements concerning assumptions made or expectations as to any future events, conditions, performance or other matters, are "forward-looking statements'' as that term is defined under U.S. federal securities laws. Forward-looking statements are subject to various risks, uncertainties and other factors that could cause actual results to differ materially from those stated in such statements. These risks, uncertainties and factors include, but are not limited to, the following: the effect of global economic conditions in general and conditions in AudioCodes' industry and target markets in particular, including governmental undertakings to address such conditions; shifts in supply and demand; market acceptance of new products and the demand for existing products; the impact of competitive products and pricing on AudioCodes' and its customers' products and markets; timely product and technology development, upgrades, the advent of artificial intelligence and the ability to manage changes in market conditions and evolving regulatory regimes, as applicable; possible need for additional financing; the ability to satisfy covenants in AudioCodes' financing agreements; possible impacts and disruptions from AudioCodes' acquisitions, including the ability of AudioCodes to successfully integrate the products and operations of acquired companies into AudioCodes' business; possible adverse impacts attributable to any pandemic or other public health crisis on our business and results of operations; the effects of the current and any future hostilities involving Israel, including in the regions in which we or our counterparties operate, which may affect our operations and may limit our ability to produce and sell our solutions; any disruption in our operations by the obligations of our personnel to perform military service as a result of current or future military actions involving Israel; and any other factors described in AudioCodes' filings made with the U.S. Securities and Exchange Commission from time to time. AudioCodes assumes no obligation to update the information in this release.©2026 AudioCodes Ltd. All rights reserved. AudioCodes, AC, HD VoIP, HD VoIP Sounds Better, IPmedia, Mediant, MediaPack, What's Inside Matters, OSN, SmartTAP, User Management Pack, VMAS, VoIPerfect, VoIPerfectHD, Your Gateway To VoIP, 3GX, AudioCodes One Voice, AudioCodes Meeting Insights, and AudioCodes Room Experience are trademarks or registered trademarks of AudioCodes Limited. All other products or trademarks are property of their respective owners. Product specifications are subject to change without notice. AUDIOCODES LTD. AND ITS SUBSIDIARIES CONDENSED CONSOLIDATED BALANCE SHEETSU.S. dollars in thousands December 31,December 31,20252024(Unaudited)(Unaudited)ASSETSCURRENT ASSETS:Cash and cash equivalents $ 45,282$58,749Short-term bank deposits239210Short-term marketable securities 27,3503,426Trade receivables, net67,35856,016Other receivables and prepaid expenses 18,04013,012Inventories 22,03231,463Total current assets180,301162,876LONG-TERM ASSETS:Long-term Trade receivables$ 13,065$ 15,753Long-term marketable securities -28,518Long-term financial investments2,7903,008Deferred tax assets 8,7979,838Operating lease right-of-use assets30,21732,534Severance pay funds 21,16318,004Total long-term assets76,032107,655PROPERTY AND EQUIPMENT, NET29,24827,321GOODWILL, INTANGIBLE ASSETS AND OTHER, NET37,57938,049Total assets$ 323,160$ 335,901LIABILITIES AND SHAREHOLDERS' EQUITYCURRENT LIABILITIES:Trade payables6,4167,543Other payables and accrued expenses30,42425,823Deferred revenues38,243Full story available on Benzinga.com

#STOCKS
Finance Minister’s decision putting brakes on revaluation ‘unfair’: RICS
belfasttelegraph62d ago

Finance Minister’s decision putting brakes on revaluation ‘unfair’: RICS

The decision to pause Northern Ireland’s forthcoming non-domestic rating revaluation in response to concerns from the hospitality sector is understandable in intent. Many hospitality businesses continue to face significant pressures from increases in wages, higher energy costs and other inflation.

#ECONOMY
Upper circuit alert: FMCG stock volatile amid high trading volume, check share price
indiatvnews62d ago

Upper circuit alert: FMCG stock volatile amid high trading volume, check share price

Shares of fast-moving consumer goods (FMCG) Elitecon International Ltd hit a 5 per cent upper circuit in the opening trade as stock market rally amid strong global cues and as India and the United States agreed to a trade deal under which Washington will bring down the reciprocal tariff on Indian goods to 18 per cent from current 25 per cent. The stock opened gap up with a gain of 3.29 per cent at Rs 72 against the previous close of Rs 69.71 on the BSE. Amid a surge in trading volume, the stock gained further to hit a 5 per cent upper circuit of Rs 73.19. However, the stock later dipped to touch the low of Rs 66.60. This is a trend reversal as the stock has fallen after three days of consecutive gain. Last seen, the stock was trading at Rs 66.92 and the market cap of the company stood at Rs 10,697.16 crore.

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