Abacus Global Management (ABX) CFO sells shares to cover tax bill

Abacus Global Management (NYSE: ABX) reaffirmed its FY26 adjusted EPS guidance of $1.00 to $1.05, exceeding the analyst estimate of $0.99. The company will report Q2 2026 results on August 6, 2026, with a conference call scheduled for the same day. Abacus specializes in alternative asset management and data-driven financial solutions.

Abacus Global Management (NYSE: ABX) reported Q2 2026 revenue of $73.0M, up 30% YoY. Adjusted net income exceeded guidance at $27.1M. Adjusted EBITDA rose 27% to $39.9M, maintaining a 55% margin. The company deployed $200M in capital, up 62% YoY, and raised its quarterly target to $150M-$175M. It also changed its valuation methodology to a market-based approach. Asset management raised over $1B in the last year, with annualized distributions reaching 10%.

Abacus Global Management reported a valuation update, adopting a Historical Return Method in Q2 2026. The company also reported record H1 origination, $73.0M Q2 revenue (up 30% YoY), $27.1M adjusted net income, and $39.9M adjusted EBITDA. YTD capital deployment reached $362M, with Q2 deploying nearly $200M.

Barrick Mining (TSX:ABX) reported Q2 2026 sales of $5.29B and net income of $1.22B, with a $0.175/share dividend. The company resolved disputes with Newmont, receiving $1.95B in consideration, and appointed a new CEO for non-North American operations. Analysts discuss the impact on Barrick's investment narrative and future risk profile.

Australian shares fell at midday, with the S&P/ASX 200 down 0.28% to 9,089.40. Sector weakness was led by consumer discretionary, while banks and tech also declined. In small caps, Dimerix gained full US IND control for DMX-652, Astral expanded Theia Deeps drilling, Midas extended Spaatzu copper-silver results, ABx advanced Sunrise approvals, and OncoSil received US FDA approval.

Simply Wall St says Barrick Mining reported Q2 2026 sales of US$5,292 million and net income of US$1,217 million, reaffirmed 2026 gold and copper guidance, and declared a US$0.175 dividend. It also resolved Nevada Gold Mines JV disputes with Newmont, received US$1.95 billion for contributed properties, and obtained consent for an IPO of North American gold assets.