Formula Systems Static on Q2 Numbers

Formula Systems (1985) Ltd. (FORTY) reported Q2 2026 revenues of $782.4M, up 29.8% YoY, with net income of $23.3M, up 54.6% YoY. H1 2026 revenues reached $1.52B, up 24.4% YoY, with net income of $58.9M, up 71.4% YoY. The company declared a $1.63 per share dividend, totaling $25M, to be paid in October 2026.

Formula Systems (FORTY) reported first-quarter 2026 results for the period ended March 31, 2026. Revenues rose 19.2% year over year to $738.3 million, while operating income increased 65.6% to $82.0 million. Net income attributable to shareholders climbed 84.5% to $35.6 million ($2.25/share). The company also said Matrix completed its merger with Magic Software, making Magic a wholly owned subsidiary of Matrix.

Gold Fields reported an 81% increase in half-year profit, with production rising 12% to 1.27 million ounces. The company's interim dividend increased from R7 to R16.25 per share. However, the renewal of its Tarkwa mine lease in Ghana is uncertain, which produced 192,000 ounces in H1 2026, about 15% of group production.

CATO CORP (CATO) filed an SEC Form 8-K — Results of Operations and Financial Condition.

Gold Fields (NYSE, JSE: GFI) CEO criticized Ghana's mining policies, citing uncertainty over lease renewals at its Tarkwa gold mine. The company submitted renewal applications but awaits a response. Ghana's royalty changes may deter investment. Gold Fields reported strong first-half results with 12% higher production and 51% higher gold prices, but missed earnings estimates. Shares rose 2.4% to $48.32.

Citi Trends reported its eighth straight quarter of comparable store sales growth, driven by increased transactions and basket size. The company refined pricing tiers, leveraged AI for inventory, and launched a loyalty program. It raised full-year sales guidance to 9%-11% and plans to open 40 new stores in 2027. Citi Trends remains debt-free and anticipates gross margin expansion of 50-70 basis points.