Panasonic has officially registered two new cameras in China (Source: E8M on Weibo). According to the few details we got we can expect to get one nee entry level and one new high end camera. There is no way to know from the papers if one of these cameras is MFT or not. This is all we know:
The entry level camera: This could be a Lumix ZS99 successor or another fixed lens affordable compact camera. On paper also the G97 successor could be a possibility but I have not heard anything about this yet.
The High End camera: Here we have a couple more options in the L-mount range. The GH8 is not coming in 2026 so the only MFT camera I can see coming is a new GM/GF kind of camera or a G9III. But again, I got no indication yet that a MFT camera will be announced soon.
When will those be announced? It takes a maximum of 3-4 months for a newly registered camera to be released on the market. Therefore, the announcement will be made between the end of February and May.