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All Market News Today All digested RNS titles 521
IPF logo
All News 16:37
IPF

Holding(s) in Company

International Personal Finance PLC

TR1 Buy
['Bank of America Corporation', '2.067629', '1.714699']
ELM logo
All News 15:58
ELM

Preliminary Results - Correction

Elementis PLC

**Summary of Elementis PLC Preliminary Results for the Year Ended 31 December 2025**
**Financial Performance**
**Resilient Results** Elementis PLC reported a resilient financial performance for 2025, with revenue slightly down to $597.5 million (from $603.8 million in 2024) but strong growth in adjusted operating profit to $126.7 million (up 6.3% from $119.2 million in 2024). The adjusted operating margin improved to 21.2% from 19.7%.
**Dividend Increase** The final proposed dividend increased to 3.0 cents per share, resulting in a full-year dividend of 4.3 cents per share, up 7.5%.
**Statutory Loss** A statutory loss of $45.5 million was reported, primarily due to a $110.5 million loss on the sale of the Talc business in H1 2025.
**Net Debt** Net debt stood at $185.4 million, with a net debt to EBITDA ratio of 1.3x.
**Strategic Progress**
**Elevate Elementis Strategy** The company made significant progress in its Elevate Elementis growth strategy, focusing on innovation, acquisitions, and operational efficiency.
**Acquisition of Alchemy** Acquired Alchemy for $22 million, enhancing its position in the fast-growing natural skincare and cosmetics markets.
**Capacity Expansion** Debottlenecking actions at the St. Louis plant led to a 20% increase in capacity utilization since H1 2025.
**Cost Savings** Delivered $18 million in cost savings in 2025 and is on track to deliver the remaining $4 million in 2026, as part of a $10 million additional cost savings program.
**Sale of Pharmaceutical Business** Agreed to sell its pharmaceutical manufacturing business to Associated British Foods for approximately $40 million, expected to complete in Q2 2026.
**Segment Performance**
**Personal Care** Revenue increased by 3.3% to $224.5 million, with a 2.4% increase on a constant currency basis. Adjusted operating profit rose by 18.2% to $72.8 million, driven by higher pricing and cost savings.
**Coatings** Revenue declined by 3.5% to $373.0 million, with a 4.3% decrease on a constant currency basis, due to soft demand. Adjusted operating profit decreased by 10.2% to $70.4 million, with a resilient margin of 18.9%.
**Innovation and Sustainability**
**Innovation Revenue** Increased by 200 basis points to 16.4%, with a target to reach 20% over the medium term.
**Sustainability Initiatives** Made progress in reducing greenhouse gas emissions, expanding low-carbon electricity usage, and launching sustainable products like biodegradable antiperspirant and deodorant actives.
**Outlook**
**Challenging Environment** The company remains mindful of the soft demand environment for coatings and geopolitical uncertainties but is confident in delivering another year of progress.
**Strategic Focus** Priorities include accelerating innovation, expanding customer relationships, driving operational efficiency, advancing sustainability, and delivering attractive returns to shareholders.
**CEO Commentary**
**Luc van Ravenstein, CEO** Highlighted the companys resilient performance, progress in the Elevate Elementis strategy, and the strategic sale of the pharmaceutical business. Emphasized the focus on innovation, customer relationships, and sustainability to drive long-term value.
**Conclusion**
Elementis PLC demonstrated resilience in 2025 despite challenging market conditions, with strong profitability and strategic advancements. The company is well-positioned to capitalize on growth opportunities in its core markets and adjacent areas, supported by its Elevate Elementis strategy and commitment to sustainability.
Here is the HTML table code comparing the financials and debt year on year for Elementis PLC:
Metric2025 ($m)2024 ($m)Change (%)
Revenue597.5603.8(1.0%)
Adjusted Operating Profit126.7119.26.3%
Net Debt185.4157.217.9%
Net Debt to EBITDA1.31.118.2%
Personal Care Revenue224.5217.43.3%
Coatings Revenue373.0386.4(3.5%)
Operating Profit Margin (%)21.2%19.7%150 bps
Diluted Earnings per Share (cents)13.712.014.2%
Ordinary Dividend per Share (cents)4.34.07.5%
**Notes:** * The table compares key financials and debt metrics for Elementis PLC between 2025 and 2024. * The data is extracted from the provided text, which is a preliminary results announcement for Elementis PLC. * The table includes metrics such as revenue, adjusted operating profit, net debt, net debt to EBITDA, personal care revenue, coatings revenue, operating profit margin, diluted earnings per share, and ordinary dividend per share. * The change percentage is calculated based on the difference between 2025 and 2024 values. This table provides a concise overview of the year-on-year changes in Elementis PLC's financials and debt position.
MTU logo
All News 15:58
MTU

Holding(s) in Company

Montanaro UK Smaller Companies Investment Trust PLC

TR1 Buy
['Montanaro Asset Management Limited', '11.910000', '10.080000']
BRBY logo
All News 15:41
BRBY

Holding(s) in Company

Burberry Group PLC

<mark style="background-coloryellow">TR1</mark> Buy
['BlackRock, Inc.', '4.620000', 'Below 5']
EGL logo
All News 15:31
EGL

Result of AGM

Ecofin Global Utilities and Infrastructure Trust plc

BGUK logo
All News 15:17
BGUK

Holding(s) in Company

Baillie Gifford UK Growth Fund PLC

TR1 Buy
['City of London Investment Management Company Limited', '16.020000', '15.930000']
ATT logo
All News 15:16
ATT

Holding(s) in Company

Allianz Technology Trust PLC

TR1 Buy
['Saba Capital Management, L.P.', '0.328293', 0]
ALT logo
All News 14:40
ALT

Director/PDMR Shareholding

Altitude Group Plc

On 5 March 2026, Alexander Brennan, Executive Chairman, <mark style="background-color:yellow">purchase</mark>d 52,840 Ordinary Shares at a price of 22.9243 pence per share. Following the purchase of Ordinary Shares, Alexander Brennans beneficial holding is 137,121 Ordinary Shares, representing approximately 0.19% of the Companys issued share capital.
IPF logo
All News 14:26
IPF

Form 8.3

International Personal Finance PLC

IPF logo
All News 14:01
IPF

Form 8.3

International Personal Finance PLC

GEN logo
All News 13:47
GEN

Holding(s) in Company

Genuit Group plc

TR1 Buy
['Wellington Management Group LLP', '5.150000', '4.370000']
GEN logo
All News 13:42
GEN

Holding(s) in Company

Genuit Group plc

TR1 Buy
['Wellington Management International Ltd', '5.150000', '4.370000']
OXIG logo
All News 13:41
OXIG

Holding(s) in Company

Oxford Instruments PLC

TR1 Buy
['Artemis Investment Management LLP', '14.33528', '14.712170']
IPF logo
All News 11:58
IPF

Form 8.3

International Personal Finance PLC

AMG logo
All News 11:31
AMG

UPSA Update

Atlas Metals Group plc

**Summary**
Atlas Metals Group PLC (LONAMG) provided an update on its proposed acquisition of Universal Pozzolanic Silica Alumina Ltd (UPSA), which is progressing as expected. UPSAs recent press release highlighted significant developments since the announcement of the reverse takeover (RTO) by Atlas Metals in June 2025. Key points include
1. **Resource Valuation and Upgrade**An independent assessment by SLR Consulting valued UPSAs pozzolanic silica alumina (PSA) resources at Warialda, Australia, at AUS$3.4 billion (£1.7 billion). The resources have been upgraded to the "Measured" category, with 86.5 million tonnes of PSA identified in Lots 7 & 8, exceeding the 25-year sales target of 75 million tonnes.
2. **Extraction and Transportation**UPSA is working to secure a State Significant Development (SSD) permit to increase annual extraction limits from 35,000 to 3 million metric tonnes. Plans for a railway spur will reduce transportation costs and increase sales capacity.
3. **Short-Term Operations**UPSA has engaged a local quarry operator for immediate extraction and delivery of PSA to Brisbane port, ensuring profitability despite higher costs.
4. **Market Opportunities**UPSA targets global markets, particularly the UK, North America, and Europe, leveraging PSAs ability to replace 40% of cement in concrete production, reducing carbon emissions and generating carbon credits.
5. **Strategic Planning**UPSA has developed a detailed 10-year operating plan with a multinational consulting firm, focusing on the global concrete sector.
6. **Carbon Credits and Accreditation**UPSA is working with Verra to accredit carbon credits from PSA use, enhancing its value proposition.
7. **Future Prospects**UPSA aims to become a leading player in the global concrete and aggregate sector, with plans to list on the London Stock Exchange post-RTO to access global capital markets.
The acquisition remains on track, with further updates expected as progress continues.
The provided text does not contain specific financial or debt data for a year-on-year comparison. It is primarily a press release discussing the progress of Atlas Metals Group PLC's proposed acquisition of Universal Pozzolanic Silica Alumina Ltd (UPSA), including updates on resource valuations, operational plans, and market opportunities. Since there are no financial or debt figures provided, I cannot create a year-on-year comparison table. However, if you have specific financial data (e.g., revenue, net income, debt levels) for different years, I can help you create an HTML table for comparison. Below is an example template for such a table:
MetricYear 2024Year 2025Year 2026
Revenue£X,XXX,XXX£X,XXX,XXX£X,XXX,XXX
Net Income£X,XXX,XXX£X,XXX,XXX£X,XXX,XXX
Total Debt£X,XXX,XXX£X,XXX,XXX£X,XXX,XXX
If you provide the actual financial and debt figures, I can populate this table accordingly. Let me know how you'd like to proceed!
BATS logo
All News 11:31
BATS

Director/PDMR Shareholding

British American Tobacco PLC

<mark style="background-coloryellow">Purchase</mark> of ordinary shares under the Partnership Share Scheme - a HMRC approved Share Incentive Plan
IPF logo
All News 11:23
IPF

Form 8.3

International Personal Finance PLC

NAVF logo
All News 10:38
NAVF

Holding(s) in Company

Nippon Active Value Fund Plc

TR1 Buy
['Azvalor Asset Management SGIIC SA', '6.203000', '5.110000']
BBH logo
All News 10:31
BBH

Holding(s) in Company

Bellevue Healthcare Trust PLC

TR1 Buy
['Almitas Capital LLC', '0.000000', '0.000000']
HCM logo
All News 10:01
HCM

2025 Full Year Results and Business Updates

HUTCHMED China Ltd

**Summary of HUTCHMED (China) Limiteds 2025 Full Year Results and Business Updates**
HUTCHMED (China) Limited reported robust financial and operational performance for the year ended December 31, 2025, highlighting significant advancements in its pipeline, commercial expansion, and financial health.
**Financial Highlights**
**Net Income** $456.9 million, driven by profitable core operations and a $415.8 million divestment gain from the partial sale of SHPL.
**Revenue** $548.5 million, down 13% from 2024 due to lower oncology product revenue in China and reduced milestone payments.
**In-Market Sales** $524.7 million, up 5%, with FRUZAQLA® (fruquintinib ex-China) sales by Takeda rising 26% to $366.2 million, offset by declines in ELUNATE® and ORPATHYS® in China.
**Cash Position** $1.4 billion, bolstered by divestment proceeds and operational cash flows.
**Commercial Progress**
**FRUZAQLA®** Strong global growth, with approvals in 38 countries and launches in Europe, Asia, and the Americas.
**ELUNATE®** Sales stabilized in H2 2025 after initial headwinds, supported by refocused commercial strategies.
**ORPATHYS®** Triggered an $11.0 million milestone payment from AstraZeneca for China approval in lung cancer.
**Pipeline Advances**
**ATTC Platform** Initiated first clinical trial for HMPL-A251 in December 2025, with HMPL-A580 and HMPL-A830 trials progressing.
**Late-Stage Programs** Positive Phase III results for FRUSICA-2 (RCC), ESLIM-02 (wAIHA), and SULANDA®-based combinations, leading to regulatory filings and approvals.
**Regulatory Milestones** Savolitinib approvals in China and Switzerland, fanregratinib NDA acceptance, and tazemetostat conditional approval.
**Strategic Initiatives**
**Partnerships** Exploring collaborations with multinational pharmaceutical companies for ATTC candidates.
**Sustainability** Achieved ESG recognition with A ratings from MSCI and Wind, and inclusion in the S&P Global Sustainability Yearbook 2025.
**Leadership and Outlook**
**Management** Restructured commercial team to drive growth, with significant improvements in H2 2025.
**Guidance** 2026 oncology/immunology revenue projected at $330–$450 million, supported by FRUZAQLA® expansion and new partnerships.
HUTCHMED remains focused on innovation, global expansion, and financial sustainability, positioning itself as a leader in novel cancer therapies.
Below is the HTML table code comparing the financials and debt year on year based on the provided text:
Metric2025 ($ in millions)2024 ($ in millions)Change
Revenue548.5630.2-13%
Oncology/Immunology Revenue285.5363.4-21%
Other Ventures Revenue263.0266.8-1%
Net Income456.937.7+1116%
Cash, Cash Equivalents & Short-Term Investments1,367.3836.1+63%
Total Assets1,753.11,274.2+38%
Total Liabilities501.8502.3-0.1%
R&D Expenses148.3212.1-30%
S&A Expenses103.0112.9-9%
Gain on Divestment (SHPL)415.8-N/A
### Key Notes: 1. **Revenue**: Decreased by 13% year-on-year, primarily due to lower oncology/immunology revenue. 2. **Net Income**: Significantly increased due to a $415.8 million divestment gain from SHPL. 3. **Cash Position**: Improved by 63% due to the divestment proceeds. 4. **R&D Expenses**: Reduced by 30% as higher-cost late-stage trials were completed. 5. **Debt (Bank Borrowings)**: Increased slightly from $82.8 million to $93.2 million. This table provides a concise comparison of key financial metrics between 2025 and 2024.
BYIT logo
All News 09:31
BYIT

Holding(s) in Company

Bytes Technology Ltd

<mark style="background-coloryellow">TR1</mark> Buy
['JPMorgan Chase & Co.', '0.344625', 'Below Minimum Threshold']
IPF logo
All News 08:59
IPF

Holding(s) in Company

International Personal Finance PLC

TR1 Buy
['JPMorgan Chase & Co.', '0.000000', '0.292760']
GRP logo
All News 06:03
GRP

New Green Digital Infrastructure Platform Launch

Greencoat Renewables PLC

**Summary**
Greencoat Renewables PLC announced the launch of a new **Green Digital Infrastructure Platform** on March 5, 2026, focusing on renewable energy-powered data centers to support AI-driven growth. The platform’s inaugural investment is **Drogheda Energy Park** in Ireland, a brownfield site near Drogheda Port, which will integrate flexible renewable energy generation, storage, and grid services. This 50:50 joint venture with Schroders Greencoat’s SCSL Global Energy Infrastructure aims to capitalize on Ireland’s emerging digital infrastructure cycle, supported by the government’s **Large Energy-Users Action Plan (LEAP)**. Drogheda Energy Park, with its advanced planning consent for a 36MW data center, will source renewable energy via corporate PPAs, contributing to Ireland’s net-zero goals while boosting regional investment and employment. Greencoat Renewables leverages its expertise in renewable energy and grid infrastructure to address the complex energy demands of hyperscalers and large digital infrastructure projects. The platform plans to expand further into Ireland and other European markets.
Launch
GFTU logo
All News 06:03
GFTU

Share Buyback Programme

Grafton Group plc

**Summary**
Grafton Group plc, a European multinational distributor of construction-related products and solutions, announced on March 5, 2026, its intention to launch a new share buyback programme. The company has entered into non-discretionary arrangements with Goodbody Stockbrokers UC and Deutsche Bank AG to repurchase ordinary shares for a maximum aggregate consideration of £25 million. The buyback programme will commence on March 5, 2026, and is expected to end by August 31, 2026, subject to market conditions.
Under the programme, up to 15,611,936 shares will be repurchased on the London Stock Exchange and subsequently cancelled, with the aim of reducing the companys share capital. The buyback will comply with relevant regulations, including the Market Abuse Regulation and UK Financial Conduct Authority rules. The company will provide further updates on the progress of the buyback programme, although there is no guarantee it will be fully implemented.
**Key Points**
Grafton Group plc announces a new share buyback programme.
Maximum aggregate consideration£25 million.
Programme duration: March 52026 – August 312026 (subject to market conditions).
Maximum number of shares to be repurchased: 15,611,936.
Shares will be repurchased on the London Stock Exchange and cancelled.
Compliance with Market Abuse Regulation and UK FCA rules.
No guarantee of full implementation.
BuyBack
HTG logo
All News 06:03
HTG

Cost Reduction Plan & Update to Capital Allocation

Hunting PLC

**Summary**
Hunting PLC, a global precision engineering group, announced updates to its cost reduction plans and capital allocation priorities as part of its Hunting 2030 Strategy. Key highlights include
1. **Cost Reduction Plan**
A cost reduction program running through 2027 aims to increase profitability and streamline centralized costs, with projected savings of approximately $15 million, in addition to the $20 million already saved through restructuring efforts in the Hunting Titan and EMEA segments.
The closure of the Fordoun, Aberdeen site by June 2026 and the implementation of regional shared-service functions in Europe and North America are expected to contribute to ongoing SG&A cost savings.
2. **Capital Allocation Update**
A proposed $40 million Share Buyback program will be executed over two years (until March 2028), with $20 million targeted annually. This aligns with the company’s balanced capital allocation strategy, matching proposed dividend distributions.
The buyback reflects confidence in cash generation and aims to enhance shareholder returns.
3. **Strategic Focus**
Hunting remains committed to maximizing profitability, cash generation, and pursuing growth opportunities through its key products and technology offerings as part of its 2030 Strategy.
CEO Jim Johnson emphasized the company’s focus on profitability, cash generation, and shareholder returns, highlighting the extension of ambitions to 2028 with the new buyback program. Hunting PLC operates globally, with segments across North America, EMEA, Asia Pacific, and product groups including OCTG, Perforating Systems, and Subsea Technologies.
Below is the HTML table code comparing the financials and debt year-on-year based on the provided text. Since the text does not explicitly provide detailed financial or debt figures for specific years, the table is structured to reflect the key financial initiatives and their timelines as mentioned in the announcement.
Metric20242025202620272028
Cost Reduction Initiatives$20 million (restructuring started)Regional shared-service functions implemented in Q4$20 million savings realized by JuneAdditional $15 million savings ongoingTotal $15 million annual savings expected
Share Buyback ProgrammeN/AN/ANew $40 million programme announced$20 million targeted$20 million targeted (completion)
Capital Allocation FocusRestructuring and profitabilityShared-service implementationShare buyback and growth opportunitiesBalanced capital allocationReturns to shareholders
### Explanation: 1. **Cost Reduction Initiatives**: The table highlights the cost savings and restructuring efforts across the years, as mentioned in the text. 2. **Share Buyback Programme**: The $40 million share buyback programme is spread over 2026 to 2028, with $20 million targeted per year. 3. **Capital Allocation Focus**: The table summarizes the shifting focus of capital allocation over the years, from restructuring to shareholder returns. This table provides a structured overview of the key financial and strategic initiatives mentioned in the announcement.
VTU logo
All News 06:02
VTU

Share Buyback Programme

Vertu Motors Plc

**Summary**
Vertu Motors PLC announced a new £12 million share buyback programme on March 5, 2026, reflecting the Boards commitment to increasing capital allocation for buybacks as part of its shareholder return strategy, alongside dividend payments. The programme, executed by broker Shore Capital Stockbrokers Limited, will utilize the companys existing cash resources to repurchase ordinary shares on the London Stock Exchange until February 28, 2027, or until the maximum amount is reached. Repurchased shares will be cancelled. The company has remaining authority to buy back up to 21,696,787 shares and plans to seek renewal of this authority at the 2026 AGM. The programme will comply with UK market regulations, though it may occasionally exceed 25% of daily trading volume, potentially limiting certain regulatory exemptions. Further announcements will follow share repurchase completions, with no guarantee of full implementation.
**Key Points**
£12 million share buyback programme announced.
Repurchases to be executed via Shore Capital until February 28, 2027.
Shares will be cancelled upon repurchase.
Programme aligns with shareholder return strategy, alongside dividends.
Compliance with UK market regulations, with potential exceptions for high trading volume days.
No certainty of full programme implementation.
BuyBack
CABP logo
All News 06:02
CABP

Further response to firm offer announcement

CAB Payments Holdings Ltd

CAB Payments Holdings PLC has issued a further response to the firm offer announcement by the Helios Consortium, reiterating its stance that the offer is highly opportunistic and fundamentally undervalues the company. The Independent Board of CAB Payments has unanimously recommended that shareholders reject the offer, citing several reasons
1. **Positive Inflection Point**CAB Payments FY25 results marked a significant turnaround, with double-digit growth, improved financial performance, and strategic progress. The company has strengthened its client base, diversified its revenue streams, and expanded its global footprint.
2. **Undervaluation**The Helios Consortiums offer is considered low, with a premium of only around 18% based on the undisturbed share price before the offer announcement. The Independent Board believes this undervalues CAB Payments strategic progress, financial performance, and future prospects.
3. **Long Timeline and Regulatory Hurdles**: The offer process is expected to be protracted, with several material regulatory pre-conditions to be satisfied or waived before the offer document can be published. The timeline may extend into Q2 2027, creating uncertainty for shareholders.
4. **USD Consideration and FX Risk**The cash offer is denominated in USD, exposing shareholders to foreign exchange rate fluctuations during the prolonged offer period.
5. **Illiquid Share Alternative**The partial share alternative offered by Helios Consortium includes non-voting, illiquid rollover securities with restrictive transfer conditions and lock-ups, making them difficult to realize.
6. **Confidence in Future Growth**CAB Payments has updated its medium-term growth guidance, expecting high-teens to low-twenties compound annual growth rate in Total Income (excluding Net Interest Income) over the next three years. The companys strategic initiatives, improved operating leverage, and capital-lite model are expected to drive shareholder value.
7. **Scarcity Value and High Barriers to Entry**: CAB Payments unique position, with deeply embedded central bank relationships and regulatory approvals, creates structural barriers for new entrants and intensifies network effects as payment flows scale.
The Independent Board has communicated its rationale for rejecting the offer to the Helios Consortium and has engaged extensively with major shareholders. Shareholders are advised to take no action regarding the offer at this time, as the formal offer document is not expected to be published until regulatory clearances are obtained. The Independent Board will provide a detailed circular to shareholders once the offer document is published, outlining its reasons for recommending rejection.
Offers
GRP logo
All News 06:02
GRP

Commencement of Share Buyback Programme

Greencoat Renewables PLC

**Summary**
Greencoat Renewables PLC announced the commencement of its share buyback programme on March 5, 2026, with an initial tranche of €25 million. This is part of a larger €100 million buyback plan over the next 12 months, aimed at reducing share capital and addressing a significant discount to NAV. The programme will be executed by J&E Davy and RBC Europe Limited on Euronext Dublin, with shares being repurchased and subsequently cancelled. The buyback is authorized under the companys general authority and complies with EU and UK market regulations. Greencoat Renewables, managed by Schroders Greencoat LLP, invests in euro-denominated renewable energy infrastructure assets, primarily in Ireland and select European countries. The programme is expected to run until September 30, 2026, subject to market conditions.
BuyBack
RTO logo
All News 06:01
RTO

Preliminary Results

Rentokil Initial PLC

Rentokil Initial PLC, a global leader in pest control and hygiene services, announced its preliminary results for 2025, highlighting strategic progress and financial performance. Key takeaways include
**Financial Performance**
**Revenue Growth** Group revenue increased by 3.8% to $6,908 million, driven by strong demand and pricing across key markets. Organic revenue growth was 2.6%, with improvements in the second half (H2) of the year.
**Profitability** Adjusted Operating Profit rose by 5.4% to $1,070 million, with a margin of 15.5%. Adjusted Profit Before Tax reached $876 million, and Free Cash Flow increased by 24.5% to $615 million.
**Dividend** A recommended final dividend of 8.24 cents per share was announced, bringing the total FY25 dividend to 12.39 cents, up 3.0% year-on-year.
**Strategic Initiatives**
**North America Focus** Rentokil is streamlining its North American operations, aiming to retain 30 brands covering 90% of revenues and expand its branch network to around 800 locations by the end of 2026. This includes a focus on local brands and satellite branches to enhance customer proximity.
**Cost Efficiency** The company is on track to achieve a $100 million cost reduction in North America by 2027, with $25 million saved in 2025. This is expected to improve the operating margin to <mark style="background-color:yellow">above</mark> 20% by 2027.
**Digital and AI Investment** Rentokil is investing in data capabilities, product innovation, and AI to drive performance. The Gemini platform and in-house AI tools like RAT-GPT are being rolled out to improve productivity and customer service.
**Regional Performance**
**North America** Organic Revenue Growth improved to 2.3%, with Pest Control Services showing a strong recovery in Q4. The regions Adjusted Operating Profit margin increased to 17.4%.
**International** The International segment saw Organic Revenue Growth of 3.0%, with strong performances in the UK, Southern Europe, India, and Indonesia. Adjusted Operating Profit margin was 19.8%.
**Outlook**
Despite geopolitical uncertainties and weather-related disruptions, Rentokil expects FY 2026 financial results to be in line with market expectations.
The company remains focused on executing its strategic initiatives, particularly in North America, to drive growth and improve margins.
**Leadership Transition**
Andy Ransom, CEO, announced his departure, with Mike Duffy appointed as his successor. Ransom expressed gratitude for the teams efforts during his 12-year tenure and confidence in the companys future under new leadership.
In summary, Rentokil Initials 2025 results reflect a year of strategic progress, with improved financial performance, particularly in the second half. The company is well-positioned to capitalize on industry growth, driven by its leading market positions and ongoing strategic initiatives, especially in North America.
Here is the HTML table code comparing the financials and debt year on year for Rentokil Initial PLC:
Metric2025 ($m)2024 ($m)Change (reported) %Change (constant currency) %
Revenue6,9086,6174.4%3.8%
EBITDA1,4301,3654.8%
Operating Profit1,0701,0086.2%5.4%
Profit before Tax8768424.0%4.1%
Free Cash Flow61549424.5%
Net debt3,6504,017
Net debt:EBITDA2.6x2.9x
**Key Observations:** - Revenue increased by 4.4% (reported) and 3.8% (constant currency) from 2024 to 2025. - EBITDA grew by 4.8% from 2024 to 2025. - Operating Profit increased by 6.2% (reported) and 5.4% (constant currency) from 2024 to 2025. - Profit before Tax rose by 4.0% (reported) and 4.1% (constant currency) from 2024 to 2025. - Free Cash Flow significantly improved by 24.5% from 2024 to 2025. - Net debt decreased from $4,017 million in 2024 to $3,650 million in 2025. - Net debt to EBITDA ratio improved from 2.9x in 2024 to 2.6x in 2025. This table provides a concise comparison of key financials and debt metrics for Rentokil Initial PLC between 2024 and 2025.
ELM logo
All News 06:01
ELM

Preliminary Results

Elementis PLC

**Summary of Elementis PLC Preliminary Results for the Year Ended 31 December 2025**
Elementis PLC, a specialty chemicals company, reported its preliminary results for the year ended 31 December 2025, highlighting a resilient financial performance despite challenging market conditions. The companys revenue remained stable at $597.5 million, with a strong adjusted operating profit of $126.7 million, up 4.6% from the previous year. The adjusted operating margin also improved to 21.2%, reflecting efficient cost management and operational improvements.
**Key Financial Highlights**
**Revenue** $597.5 million, slightly down from $603.8 million in 2024, primarily due to lower volumes in the Coatings segment.
**Adjusted Operating Profit** $126.7 million, up 6.3% from $119.2 million in 2024, driven by self-help initiatives and cost savings.
**Adjusted Operating Margin** 21.2%, up from 19.7% in 2024, demonstrating improved profitability.
**Statutory Loss** $45.5 million, including a $110.5 million loss on the sale of the Talc business in H1 2025.
**Dividend** Proposed final dividend of 3.0 cents per share, resulting in a full-year dividend of 4.3 cents per share, up 7.5%.
**Strategic Progress**
**Elevate Elementis Strategy** Launched in July 2025, focusing on accelerating sustainable growth, becoming the first choice for customers, and simplifying operations.
**Acquisition of Alchemy** Acquired for $22 million, enhancing the companys position in the fast-growing natural skincare and cosmetics markets.
**Debottlenecking and Cost Savings** Achieved a 20% uplift in capacity utilization at the St. Louis plant and delivered $18 million in cost savings in 2025.
**Sale of Pharmaceutical Business** Agreed to sell the pharmaceutical manufacturing business to Associated British Foods for approximately $40 million, expected to complete in Q2 2026.
**Segment Performance**
**Personal Care** Revenue up 2.4% to $224.5 million, with strong operating margin improvement to 32.4%.
**Coatings** Revenue down 4.3% to $373.0 million due to soft demand, but operating margin remained resilient at 18.9%.
**Sustainability and Innovation**
**Sustainability** Achieved zero lost time accidents in 2025 and made progress towards science-based targets for greenhouse gas reductions.
**Innovation** Increased R&D investment to 3% of revenue, with innovation revenue up to 16.4%.
**Outlook**
Elementis remains confident in its ability to deliver progress in 2026, despite ongoing challenges in the coatings market and geopolitical uncertainties. The company is well-positioned to capitalize on opportunities in its core markets and adjacent areas, driven by its Elevate Elementis strategy and focus on innovation and sustainability.
**CEO Comment**
Luc van Ravenstein, CEO, expressed satisfaction with the resilient performance and highlighted the companys strategic progress, including the successful sale of the Talc business and the launch of the Elevate Elementis strategy. He emphasized the companys commitment to innovation, customer focus, and operational efficiency, positioning Elementis for long-term growth and value creation.
Here is the HTML table code comparing the financials and debt year on year for Elementis PLC:
Metric2025 ($m)2024 ($m)Change (%)
Revenue597.5603.8(1.0%)
Adjusted Operating Profit126.7119.26.3%
Net Debt185.4157.217.9%
Net Debt to EBITDA1.31.118.2%
Personal Care Revenue224.5217.43.3%
Coatings Revenue373.0386.4(3.5%)
Operating Profit Margin (%)21.2%19.7%150 bps
Diluted Earnings per Share (cents)13.712.014.2%
Ordinary Dividend per Share (cents)4.34.07.5%
**Key Observations:** * **Revenue:** Slightly decreased by 1.0% from 2024 to 2025, primarily due to lower volumes in Coatings. * **Adjusted Operating Profit:** Increased by 6.3%, driven by self-help initiatives and proactive cost management. * **Net Debt:** Increased by 17.9%, mainly due to the acquisition of Alchemy and share buyback program. * **Net Debt to EBITDA:** Increased by 18.2%, reflecting the higher net debt level. * **Personal Care Revenue:** Grew by 3.3%, driven by improved pricing and volumes. * **Coatings Revenue:** Declined by 3.5% due to weaker volume demand in industrial and architectural coatings. * **Operating Profit Margin:** Improved by 150 basis points, indicating better cost control and operational efficiency. * **Diluted Earnings per Share:** Increased by 14.2%, primarily due to higher profit after tax. * **Ordinary Dividend per Share:** Increased by 7.5%, reflecting the company's confidence in its financial performance.
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All News 06:01
ITV

ITV plc Full Year Results 2025

ITV PLC

**Summary of ITV PLC Full Year Results 2025 (Released March 2026)**
ITV PLC reported a resilient performance for the full year 2025, exceeding market expectations despite a challenging industry backdrop. The company’s **More Than TV** strategy continued to drive transformation, with two-thirds of revenues now coming from ITV Studios and its digital Media & Entertainment (M&E) business.
**Key Financial Highlights**
**Group total external revenue** increased by **1%** to £3.51 billion, with **ITV Studios** revenue growing **5%** to £2.13 billion, driven by strong demand from global streaming platforms.
**Digital revenues** rose **10%** to £614 million, offsetting a **5% decline** in linear advertising revenue.
**Adjusted EBITA** remained stable, down only **1%** to £531 million, supported by **£63 million** in permanent non-content cost savings.
**Adjusted EPS** declined **11%** to 8.5p, while the Board proposed a **5.0p per share** full-year dividend, totaling £190 million.
**Business Segments**
**ITV Studios** outperformed the market, with **10% growth** in external revenue, reflecting its global scale and diversification. Adjusted EBITA margin was **13.9%**, slightly down due to revenue mix changes.
**M&E** saw **16% growth** in ITVX viewing and **12% growth** in digital advertising revenues, though total revenue declined **5%** due to lower linear advertising.
**Strategic Progress**
ITVX successfully drove profitable growth, recouping its entire investment four years ahead of schedule.
The company secured exclusive rights to major sporting events, including the expanded Men’s Football World Cup and all England Men’s rugby matches.
Discussions with Sky regarding a potential sale of the M&E business are ongoing, though no certainty of a transaction exists.
**Outlook for 2026**
ITV Studios is expected to deliver **good revenue growth**, with adjusted EBITA margins at the lower end of the **13%-15%** range.
M&E is forecast to generate strong digital advertising revenue growth, supported by ITVX’s success.
**Q1 2026 TAR** is expected to decline by **2%**, better than anticipated, with advertisers focusing on Q2 and Q3 around the Football World Cup.
An additional **£20 million** in permanent non-content cost savings is planned for 2026, with total content spend around **£1.225 billion**.
**Conclusion**
ITV PLC demonstrated its ability to adapt and grow in a rapidly evolving media landscape, with a focus on digital transformation, cost efficiency, and strategic content investments. The company remains confident in its ability to deliver profitable growth and strong cash generation in 2026 and beyond.
Here is the HTML table code comparing the financials and debt year on year for ITV PLC:
Metric2025 (£m)2024 (£m)Change (£m)Change (%)
ITV Studios total revenue2,1302,038925%
Total advertising revenue1,7231,820(97)(5%)
M&E non-advertising revenue268282(14)(5%)
M&E total revenue1,9912,102(111)(5%)
Total group revenue4,1214,140(19)0%
Group external revenue3,5113,488231%
Total non-advertising revenue2,3982,320783%
ITV Studios adjusted EBITA297299(2)(1%)
M&E adjusted EBITA234250(16)(6%)
Adjusted EBITA531549(18)(3%)
Group adjusted EBITA534542(8)(1%)
Profit before tax (adjusted)448472(24)(5%)
Adjusted EPS (p)8.59.6(1.1)(11%)
Net debt as at 31 December(566)(431)(135)(31%)
**Note:** The table only includes the key financial metrics mentioned in the text. The debt comparison is based on the "Net debt as at 31 December" metric. The table uses a simple border for clarity and includes headers for each column.
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All News 06:01
WINE

Director/PDMR Shareholding

Naked Wines plc

Following the <mark style="background-color:yellow">purchase</mark> of shares, Mr. Pailings beneficial interest in the Company and that of persons closely associated with him is 961,843 Ordinary Shares representing approximately 1.34% of the issued share capital of the Company.
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HBR

Full year results for the year to 31 December 2025

Harbour Energy PLC

Harbour Energy PLC has released its full-year results for 2025, highlighting significant progress in operational performance, strategic growth, and financial strength. Key highlights include
**Record Production and Operational Excellence**: Harbour achieved record production of 474 thousand barrels of oil equivalent per day (kboepd), an 84% increase from 2024, driven by new wells and projects in the UK, Norway, Argentina, and Egypt. Unit operating costs were reduced by 22% to $12.8/boe, and the company maintained a strong safety record with a Total Recordable Injury Rate (TRIR) of 1.1 per million hours worked.
**Strategic Growth and Acquisitions**Harbour made substantial progress in its growth projects, including becoming the operator of the Zama oil field in Mexico and advancing the Southern Energy LNG project in Argentina. The company also completed the acquisition of LLOG, entering the US deepwater Gulf of America, and announced the acquisition of Waldorf in the UK, which is expected to unlock significant financial synergies.
**Financial Performance**Revenue and other income increased to $10.3 billion, with adjusted EBITDAX rising to $7.2 billion. Free cash flow grew to $1.1 billion, and adjusted profit after tax reached $0.6 billion. The company maintained investment-grade credit ratings and adopted a new distribution policy linking shareholder returns directly to free cash flow.
**Shareholder Returns**Harbour returned approximately 40% of annual free cash flow to shareholders since 2022 and aims to return 45-75% of free cash flow annually under the new policy. A final dividend of 8.05 cents per voting ordinary share was declared for 2025, bringing total distributions to $478 million.
**2026 Outlook**Harbour expects production to range between 475-500 kboepd in 2026, with unit operating costs around $14.5/boe and total capital expenditure of $2.2-2.4 billion. Free cash flow is estimated at $0.6 billion, assuming $65/bbl Brent and $11/mscf European gas prices. The company remains focused on safety, operational excellence, and advancing its growth projects.
Overall, Harbour Energys 2025 results demonstrate strong operational and financial performance, strategic growth through acquisitions, and a commitment to returning value to shareholders. The company is well-positioned for continued success in 2026 and beyond.
Here is the comparison of financials and debt year on year presented as an HTML table:
Metric20242025Change
Revenue and other income ($ million)6,22610,261+65%
Adjusted EBITDAX ($ million)4,1467,196+74%
Free cash flow ($ million)(118)1,066+1,053%
Net debt ($ million)4,4244,305-3%
Leverage ratio (times)1.10.6-45%
Production (kboepd)258474+84%
Unit operating costs ($/boe)16.512.8-22%
**Key Observations:** - **Revenue and Adjusted EBITDAX:** Significant increases in both metrics, driven by higher production volumes, improved operational performance, and the full-year contribution from the Wintershall Dea assets. - **Free Cash Flow:** A substantial improvement from a negative to a positive value, reflecting strong operational execution, capital discipline, and the scale of the enlarged portfolio. - **Net Debt and Leverage Ratio:** Net debt decreased slightly, while the leverage ratio improved significantly due to the substantial increase in EBITDAX. - **Production and Unit Operating Costs:** Production nearly doubled, while unit operating costs decreased significantly, showcasing improved operational efficiency.
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CABP

CAB Payments Full Year 2025 Results

CAB Payments Holdings Ltd

CAB Payments Holdings PLC, a specialist bank connecting fast-growing markets to the global financial system, announced its full-year 2025 results, marking a return to profitable growth. Key highlights include
**Financial Performance**Total Income increased by 12% year-on-year to £119 million, and Adjusted EBITDA rose by 14% to £35 million. Adjusted EPS grew by 9% to 6.8p, though Reported EPS decreased slightly to 5.4p due to one-off restructuring costs.
**Client and Volume Growth**Active clients increased to 592, up from 546 in 2024, with client onboarding times reduced by 40%. Wholesale FX & Payment FX volumes grew by 13% to £41.9 billion, and payments processed increased by 19% to 1.2 million transactions.
**Strategic Expansion**CAB Payments opened new offices in New York and Abu Dhabi, expanding its global footprint. The company also appointed additional US dollar and euro clearing banking partners to enhance operational resilience.
**Capital and Liquidity**The pro-forma CET1 ratio strengthened to 22.1%, and the balance sheet remains highly liquid with strong NSFR and LCR ratios.
**Outlook**CAB Payments targets high-teens to low 20s percentage CAGR growth in Total Income (excluding Net Interest Income) over the next three years, driven by increased operational leverage and capital generation.
**Strategic KPIs**Significant improvements were noted in active clients, total FX volumes, payments processed, and revenue diversification. Trade Finance income grew by 52%, and average deposits increased by 4% to £1.5 billion.
**Management Commentary**Group CEO Neeraj Kapur emphasized the companys strategic realignment, relationship-led approach, and focus on fast-growing, hard-to-reach markets. The company is investing in its network, people, products, and platform to sustain growth.
**Investor Relations**CAB Payments hosted webcasts for analysts, institutional investors, and retail investors to discuss the results and future prospects.
Overall, CAB Payments demonstrated strong financial and operational performance in 2025, positioning itself for sustained growth in 2026 and beyond.
Here is the HTML table code comparing the financials and debt year on year based on the provided text:
Metric20252024YoY Growth %
Total Income (£m)119.0106.412%
Adjusted EBITDA (£m)35.230.814%
Adjusted EPS (pence)6.86.39%
Reported EPS (pence)5.45.6-4%
Active Clients5925468%
Wholesale FX & Payment FX Volumes (£bn)41.937.213%
Payments Processed (transactions)1.2mN/A19%
Proforma CET1 Ratio (%)22.119.215%
Total CET1 Capital (£m)129.3116.011%
Core Capex (£m)8.612.5-31%
Operating Free Cash Flow (£m)27.215.575%
**Notes:** * The table compares key financial metrics and debt-related figures for CAB Payments Holdings PLC between 2025 and 2024. * The data is extracted from the provided text, which is a news article announcing CAB Payments' full-year 2025 results. * Some metrics, such as Payments Processed, did not have a comparable figure for 2024, so the YoY Growth % is based on the available information. * The table does not include all financial metrics mentioned in the text, but rather focuses on the most relevant ones for comparing financials and debt year on year.
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All News 06:01
BMY

Trading Update

Bloomsbury Publishing Plc

**Summary**
Bloomsbury Publishing PLC released a trading update on March 5, 2026, highlighting strong performance and future growth prospects. Key points include
1. **Sarah J. Maas New Releases** Bestselling author Sarah J. Maas announced the publication dates for the next two novels in her *A Court of Thorns and Roses* (ACOTAR) series: October 27, 2026, and January 12, 2027. This unprecedented move of publishing two novels within 11 weeks is expected to drive significant excitement and sales.
2. **Financial Performance**
**FY 2025/26** Group profit is in line with market consensus expectations (£44.3m), supported by a strong Academic division and Bloomsburys diversified portfolio strategy.
**FY 2026/27** Group profit is now expected to be materially ahead of market consensus (£44.5m), largely due to the anticipated success of Maas new releases.
3. **Author and Company Highlights**
Sarah J. Maas was the highest-selling author in the U.S. in 2024 and the No.1 bestselling Fantasy author in the UK in 2025.
Bloomsbury has published all 16 of Maas previous novels, reinforcing their strong partnership.
4. **Future Updates** Further details on trading and outlook will be provided in the Companys Preliminary Results announcement on May 20, 2026.
The announcement also includes standard disclaimers regarding forward-looking statements, inside information, and the use of data by RNS.
The provided text does not contain detailed financial or debt data for a year-on-year comparison. However, it does mention market consensus expectations for profit before taxation for the years ending 28 February 2026 and 28 February 2027. Below is an HTML table summarizing the available information:
Financial YearProfit Before Taxation (£m)Notes
2025/26 (Ended 28 Feb 2026)£44.3mIn line with market consensus expectations
2026/27 (Ending 28 Feb 2027)£44.5mExpected to be materially ahead of market consensus expectations
Since there is no specific debt data provided in the text, the table focuses solely on the profit before taxation figures mentioned. If additional financial or debt data becomes available, the table can be expanded accordingly.
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All News 06:01
ENT

Final Results

Entain PLC

**Summary of Entain PLCs Final Results for FY25:**
Entain PLC, a global sports betting and gaming group, reported strong financial results for the year ended December 31, 2025 (FY25), with key highlights as follows
1. **Financial Performance**
**Net Gaming Revenue (NGR)** Total Group NGR, including a 50% share of BetMGM, increased by 7% (8% on a constant currency basis) to £5,325.4 million. Excluding BetMGM, Group NGR grew by 3% (4% cc).
**Underlying EBITDA** Group Underlying EBITDA rose by 8% (cc) to £1,160.1 million, ahead of guidance. Including BetMGM, total Underlying EBITDA was £1,244 million, up 28% (cc).
**BetMGM** BetMGMs net revenue grew by 33% (cc) to $2,796 million, with EBITDA of $220 million, reflecting its inflection to profitability.
**Adjusted Cashflow** Adjusted cashflow was £151 million, ahead of expectations, supported by stronger-than-anticipated BetMGM cash distribution and Entain Underlying EBITDA.
**Statutory Loss** The Group reported a statutory loss after tax of £681 million, primarily due to a £488 million impairment charge related to UK gambling tax increases.
2. **Operational Highlights**
**Online Performance** Online NGR (excluding the US) grew by 5% (6% cc), driven by strong volumes and underlying momentum. Online Underlying EBITDA margin expanded to 25.7%.
**Retail Performance** Retail NGR (excluding the US) declined by 1% (cc), with a focus on market share gains and stable volumes.
**Regional Performance** Strong growth was seen in the UK & Ireland (+6% cc), International (+2% cc), and CEE (+5% cc) regions. Notable markets included Brazil, Italy, and New Zealand.
3. **Strategic Progress**
**BetMGM** BetMGMs profitability supported a $270 million cash distribution to parents and reinforced its pathway to $500 million Adjusted EBITDA by 2027.
**UK Tax Impact** The Group upgraded its expectations to offset over 50% of the incremental UK tax burden from 2027 through optimization initiatives.
**Cash Generation** Entain reaffirmed its confidence in generating at least £500 million of annual adjusted cashflow from 2028.
4. **Outlook**
**FY26 Guidance** Online NGR (excluding the US) is expected to grow by 5-7% (cc), and the Group remains comfortable with market expectations for FY26 Group Underlying EBITDA.
**Margin Expectations** Online Underlying EBITDA margin is projected to be 23-24% in FY26, with a focus on mitigating the impact of UK tax increases.
**BetMGM** BetMGM expects revenue of $3.1-3.2 billion and Adjusted EBITDA of $300-350 million in FY26, with a continued pathway to $500 million Adjusted EBITDA by 2027.
5. **Sustainability and Governance**
**ESG Initiatives** Entain made progress in sustainability, including environmental targets, player protection, and diversity initiatives, maintaining its leadership in ESG ratings.
6. **Corporate Developments**
**CFO Succession** Michael Snape was appointed as Group CFO, succeeding Rob Wood, effective March 6, 2026.
**Dividend** A final dividend of 9.8p per share was declared, representing a 5% increase year-on-year.
**CEO Commentary**
Stella David, CEO of Entain, emphasized the Groups strong underlying momentum, strategic progress, and confidence in delivering sustainable growth and cash generation, despite industry challenges such as tax increases and regulatory changes.
**Conclusion**
Entain PLC demonstrated resilient financial and operational performance in FY25, with strong growth across key segments and regions. The Group remains focused on strategic priorities, including organic growth, margin expansion, and cash generation, while navigating regulatory and tax challenges. The outlook for FY26 is positive, with continued growth expected in online NGR and Underlying EBITDA, supported by BetMGMs strong performance and the Groups optimization initiatives.
Here is the comparison of financials and debt year on year presented as an HTML table:
Metric2024 (£m)2025 (£m)Change (£m)Change (%)
Net Gaming Revenue (NGR)5,161.95,325.4163.53%
Revenue5,089.25,259.4170.23%
Gross Profit3,118.13,200.182.03%
Underlying EBITDA1,088.81,160.171.37%
Underlying Operating Profit616.6861.2244.640%
Profit/(Loss) After Tax(461.0)(680.5)(219.5)N/A
Net Debt3,042.33,118.476.13%
Adjusted Net Debt3,339.13,644.2305.19%
**Key Observations:** 1. **Revenue and Profit Growth:** - Net Gaming Revenue (NGR) and Revenue increased by 3% year on year. - Underlying EBITDA grew by 7%, and Underlying Operating Profit increased significantly by 40%. 2. **Loss After Tax:** - The loss after tax widened from £461.0 million in 2024 to £680.5 million in 2025, primarily due to non-cash impairment charges and other separately disclosed items. 3. **Debt Position:** - Net debt increased slightly by 3%, while adjusted net debt rose by 9%, reflecting changes in lease liabilities and other adjustments. This table provides a concise comparison of key financial metrics and debt levels between 2024 and 2025.
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All News 06:01
COA

2025 Full Year Results

Coats Group PLC

Coats Group plc, a leading supplier of critical components to the apparel and footwear industries, announced its full-year results for 2025, highlighting continued market outperformance, strong margin progression, and significant free cash generation.
**Financial Highlights**
* **Revenue** $1,465 million, flat on an organic basis, outperforming core thread and footwear markets which declined low to mid-single digits.
* **Adjusted EBIT** $290 million, up 7% on a reported basis and 3% organically, with a margin of 19.8%.
* **Adjusted EPS:** 9.3 centsin line with expectations.
* **Free Cash Flow** Record $160 million, demonstrating strong cash generation capabilities.
* **Net Debt** $815 million, with proforma leverage of 2.2x, expected to reduce below 2x by end of 2026.
**Strategic Highlights**
* **Market Share Gains** Continued success in gaining share, outperforming core markets.
* **Portfolio Transformation**
* Exited non-core Americas Yarns business, improving margin by 100bps.
* Completed landmark acquisition of OrthoLite, accelerating footwear components strategy.
* **Adjacency Growth** Target adjacencies contributed 1% to revenue growth, with building momentum.
* **Organizational Simplification** Streamlined into two divisions (Apparel and Footwear) for reduced complexity and better alignment.
* **Sustainability Leadership** 43% growth in 100% recycled thread revenue to $554 million.
**Divisional Performance**
* **Apparel:** 1% revenue growthoutperforming marketwith 20.2% EBIT margin.
* **Footwear** 2% organic revenue decline due to cautious customer ordering, but market share gains and 23.9% EBIT margin.
* **Performance Materials** Returned to growth in H2, with 11.8% EBIT margin in Q4.
**Outlook and Upgraded Targets**
* **2026 Outlook** Expect organic growth despite market uncertainty, driven by share gains and adjacency growth. OrthoLite expected to significantly outperform footwear market.
* **Upgraded Medium-Term Targets**
* >5% revenue growth on average through the cycle.
* Operating margin range increased to 21-23%.
* Cumulative free cash flow of $1 billion in next five years.
* EPS CAGR of >10% post M&A or share buybacks.
**Key Takeaways**
Coats Group plc demonstrated resilience in a challenging market environment, achieving strong financial performance and strategic progress. The companys focus on market share gains, portfolio optimization, and sustainability positions it well for future growth. The upgraded medium-term targets reflect confidence in the companys ability to deliver consistent performance and value creation.
Here is the HTML table code comparing the financials and debt year on year for Coats Group PLC:
Metric20252024Change
Revenue ($m)1,4651,4332%
Adjusted EBIT ($m)2902727%
EBIT Margin (%)19.819.080bps
Basic EPS (cents)9.39.7(5%)
Net Debt ($m)81544982%
Free Cash Flow ($m)16027,900%
Final Dividend per Share (cents)2.282.194%
**Key Observations:** - Revenue increased by 2% year-on-year, driven by organic growth and acquisitions. - Adjusted EBIT grew by 7%, with a significant improvement in EBIT margin. - Basic EPS declined by 5%, primarily due to higher interest charges and increased share count. - Net debt increased substantially (82%) due to the acquisition of OrthoLite, but free cash flow improved significantly. - The final dividend per share increased by 4%, reflecting the company's confidence in its financial performance.
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SRP

2025 full year results

Serco Group

**Summary of Serco Group PLCs 2025 Full Year Results:**
Serco Group PLC reported strong financial performance for 2025, with revenue of £4.9 billion, up 3% at constant currency, and underlying operating profit of £272 million, up 1% at constant currency. The company achieved organic growth of 1%, with significant contract wins and growth offsetting immigration reductions in the UK and Australia. Key highlights include
**Revenue and Profit Growth** Revenue increased to £4.9 billion, with underlying operating profit at £272 million. Reported operating profit rose 89% to £246 million.
**Cash Flow** Strong free cash flow of £219 million, ahead of guidance, with a trading cash conversion of 112%.
**Order Intake and Book** Order intake was £5.5 billion, with a book-to-bill ratio of 114%. The order book increased to £14.5 billion, 9% higher than 2024.
**Financial Position** Adjusted net debt was £206 million, with leverage at 0.7x net debt to EBITDA, significantly <mark style="background-color:yellow">below</mark> the target range of 1-2x.
**Shareholder Returns** Completed a £50 million share buyback in 2025 and announced a new £75 million buyback for 2026. Recommended a final dividend of 3.05 pence per share, an 8% increase.
**Strategic Progress** Strengthened position in key markets, particularly defence, with a pipeline of £12.1 billion, up 8% and the highest in over a decade. North American pipeline more than doubled.
**Operational Excellence** Contract retention rates over 90%, improved safety performance, and strong colleague engagement. Successful integration of the MT&S acquisition.
**Guidance for 2026** Reiterated guidance with revenue of around £5 billion, organic growth of 3%, and underlying operating profit of £300 million, driven by contract ramp-ups and productivity improvements.
Sercos CEO, Anthony Kirby, emphasized the companys strategic and operational progress, highlighting its role as a trusted partner to governments globally. The company is well-positioned for growth in 2026, with a robust financial position and a focus on sustainable growth, competitiveness, and operational excellence.
Here is the HTML table code comparing Serco Group PLC's financials and debt year on year:
Metric20252024Change at Reported CurrencyChange at Constant Currency
Revenue£4,877m£4,787m2%3%
Underlying Operating Profit£272m£274m-1%1%
Reported Operating Profit£246m£130m89%-
Underlying Earnings Per Share (diluted)16.93p16.67p2%-
Reported Earnings Per Share (diluted)14.07p4.10p243%-
Dividend Per Share (recommended)4.50p4.16p8%-
Free Cash Flow£219m£228m-4%-
Adjusted Net Debt£206m£100m106%-
Reported Net Debt£710m£630m13%-

Debt Comparison

Metric20252024Change
Adjusted Net Debt£206m£100m106%
Reported Net Debt£710m£630m13%
Leverage (Net Debt to EBITDA)0.7x0.3xSignificantly below target range (1-2x)
**Notes:** * The tables compare key financials and debt metrics for Serco Group PLC between 2025 and 2024. * The first table shows revenue, profits, earnings per share, dividends, and free cash flow. * The second table focuses on debt metrics, including adjusted net debt, reported net debt, and leverage. * The changes are presented as percentages, with constant currency changes provided where applicable. * The leverage ratio is significantly below the target range, indicating a strong financial position.
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RBN

Final Results

Robinson plc

**Summary of Robinson PLCs Final Results for the Year Ended 31 December 2025**
Robinson PLC, a custom manufacturer of plastic and paperboard packaging, reported its audited results for 2025, highlighting both financial and operational achievements.
**Financial Highlights**
**Underlying operating profit** increased to £3.6 million (2024: £3.2 million).
**Revenue** slightly declined by 0.4% to £56.2 million (2024: £56.4 million).
**Gross margin** improved to 22% (202420%).
**Profit before tax** turned positive at £3.0 million (2024: loss of £3.8 million).
**Net debt** reduced to £5.4 million (2024: £5.9 million).
**Final dividend** maintained at 3.5p per share, with a total dividend of 6.0p (2024: 6.0p).
**Operational Highlights**
**Surplus property disposals** generated £1.0 million, with significant progress on further disposals.
**Strategic refresh** focused on customer centricity, operational excellence, and sustainability.
**Sustainability goals** updated and strengthened, including progress in recycled material usage.
**Regional Performance**
**UK**Strong volume growth in Plastics and Paperbox businesses, with a 10% and 11% increase in sales volumes, respectively.
**Poland**Sales volumes decreased by 6% due to lower demand from major customers, but the business remains profitable.
**Denmark**Sales volumes declined by 14%, leading to an operating loss, with efforts underway to rebuild the sales pipeline.
**Strategic Initiatives**
**Organizational restructuring**Transitioning from a regionally based model to a functionally aligned structure to enhance customer focus and operational efficiency.
**Sustainability**Achieved 31% post-consumer recycled material content in plastic packaging, exceeding the 30% target.
**Technology investment**Plans to replace aging ERP systems with a unified platform for better data-driven decision-making.
**Outlook**
**2026 Expectations**Underlying operating profit in line with market expectations, with reported profit before tax expected to benefit materially from property disposals.
**Challenges**Higher operating costs due to strategic investments and lower rental income from property disposals.
**Commitment**Continued focus on sustainable growth, customer partnerships, and operational excellence.
Robinson PLC remains committed to its long-term strategy, focusing on sustainable practices, customer-centric operations, and financial resilience, despite mixed market conditions.
Here is the HTML table code comparing the financials and debt year on-year-year for25 for Robinson25:25:25:250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250350350350350350350350350350350350350350350350350350350350350350350350350350350350350350350350350350350350350250250250250250250250250250250350350350350350350350350350350350350350350350350350350350250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250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All News 06:01
GFTU

Final Results

Grafton Group plc

**Summary of Grafton Group PLC Final Results for the Year Ended 31 December 2025**
Grafton Group PLC, a European multinational distributor of construction-related products and solutions, reported its final results for the year ended 31 December 2025, highlighting a year of progress despite challenging market conditions.
**Financial Highlights**
**Adjusted Operating Profit** Increased by 7.1% to £190.2 million, driven by the first full year contribution of Salvador Escoda in Spain.
**Gross Margin Improvement** 50bps improvement in gross margin, maintaining a resilient Group operating margin of 7.3%.
**Return on Capital Employed (ROCE)** Up 60bps to 10.9%.
**Adjusted Earnings Per Share (EPS)** Grew by 5.1% to 75.4p.
**Net Cash Position** Strengthened to £274.0 million, providing significant firepower for organic and inorganic growth opportunities.
**Free Cash Flow** Strong generation, contributing to over £700 million in the last four years.
**Shareholder Returns** A new £25.0 million share buyback program announced, following £129.2 million returned to shareholders in 2025 through buybacks and dividends.
**Dividend** Full-year dividend increased by 2.0% to 37.75p per share.
**Operational Highlights**
**Leadership** Experienced senior leadership team in place, with Mario Ballarín appointed as CEO of Grafton Iberia.
**Market Position** Continued investment to strengthen and consolidate market positions, despite market weakness in some regions.
**Performance by Region**
**Island of Ireland** Strong performance, with profit growth driven by Woodies and Chadwicks.
**Great Britain** Profit growth despite a weakening RMI market and slow housebuilding recovery.
**Iberia** Salvador Escoda successfully integrated, performing in line with pre-acquisition expectations.
**Northern Europe** Remains challenging, but macro indicators are improving.
**Outlook**
**Positive Markets** Expected in the Republic of Ireland and Spain.
**Challenging Markets** Anticipated in Great Britain and Northern Europe, with gradual improvement expected.
**Focus** Continued emphasis on efficiency, cost control, and delivering value to customers.
**Growth Drivers** Supported by structural growth drivers, strong market positions, recovery potential in weaker markets, a robust balance sheet, and a healthy acquisitions pipeline.
**Sustainability Progress**
**Health and Safety** 16.3% reduction in lost time injury frequency rate since 2021.
**Climate Change** 40.3% reduction in absolute market-based Greenhouse Gas emissions in 2025 vs. 2021.
**Community Investment** Over £1.7 million donated to charities and good causes, exceeding the target of 0.8% of adjusted operating profit.
**Strategic Focus**
**Long-Term Growth Ambition** To be the leading European multinational distributor of construction-related products and solutions.
**Capital Allocation** Prioritized strengthening current business, core dividend, funding inorganic growth, and returning surplus capital to shareholders.
**Acquisitions and Share Buybacks** Balanced approach, with a strong acquisition pipeline and continued share buyback programs.
**Conclusion**
Grafton Group PLC demonstrated resilience and strategic focus in 2025, achieving profitability ahead of analysts consensus despite challenging market conditions. The companys strong financial position, combined with its strategic initiatives and focus on sustainability, positions it well for future growth and value creation for shareholders.
Here is the comparison of financials and debt year on year presented as an HTML table:
Metric20252024Change
Revenue£2,520m£2,282m10.4%
Adjusted Operating Profit£190.2m£177.5m7.1%
Adjusted Operating Profit Margin7.3%7.6%(30bps)
Adjusted Earnings Per Share75.4p71.8p5.1%
Net Cash (before IFRS 16 lease liabilities)£274.0m£272.1m£1.9m
Net (Debt) (including IFRS 16 lease liabilities)(£123.4m)(£131.7m)£8.3m
Free Cash Flow£168.3m£178.2m(5.6%)
Dividend Per Share37.75p37.00p2.0%
Adjusted Return on Capital Employed (ROCE)10.9%10.3%60bps
**Key Observations:** * **Revenue Growth:** Grafton Group experienced a significant 10.4% increase in revenue, primarily driven by the first full year contribution of Salvador Escoda in Spain. * **Profitability:** Adjusted operating profit grew by 7.1%, but the margin slightly decreased due to ongoing operating cost pressures. * **Debt Reduction:** Net debt decreased by £8.3 million, reflecting strong cash flow generation and disciplined capital allocation. * **Cash Position:** Net cash position remained strong at £274.0 million, providing flexibility for organic and inorganic growth opportunities. * **Dividend Increase:** The dividend per share increased by 2.0%, demonstrating the company's commitment to returning value to shareholders. * **Return on Capital Employed:** ROCE improved by 60 basis points, indicating efficient utilization of capital.
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All News 06:01
HTG

Results for the year ended 31 December 2025

Hunting PLC

**Summary of Hunting PLC’s 2025 Financial Results and Strategic Highlights**
Hunting PLC, a global precision engineering group, reported its financial results for the year ended 31 December 2025, highlighting continued growth in operational performance and shareholder returns despite a 3% decline in revenue to $1,018.8 million. Key financial highlights include
**EBITDA** increased by 7% to $135.7 million, with an improved margin of 13%.
**Gross margin** rose to 27%, and **non-oil and gas revenue** grew by 10% to $82.9 million.
**Adjusted diluted earnings per share** increased by 9% to 34.1 cents.
**Free cash flow** stood at $96.6 million, representing a 71% EBITDA conversion.
**Total dividends** declared rose by 13% to 13.0 cents per share, with a final dividend of 6.8 cents announced.
Strategically, Hunting made significant progress in 2025
**Acquisitions**Acquired Flexible Engineering Solutions ($64.8m) to expand subsea offerings and Organic Oil Recovery technology ($18.2m) to accelerate commercialization.
**Portfolio Optimization**Disposed of Rival Downhole Tools for $13.0 million to focus on higher-return product lines.
**Operational Expansion**Opened a new facility in Dubai to service the Middle East market.
**Cost Efficiencies**Achieved annualized savings of $11 million in the EMEA segment and $6 million from Hunting Titan restructuring.
**Capital Allocation**Committed to a 13% annual dividend increase, executed a $60 million share buyback, and proposed a second $40 million buyback program.
Looking ahead, Hunting reaffirmed its 2026 EBITDA guidance of $145-$155 million, with a focus on scaling its order book, particularly in OCTG, subsea, and perforating systems. The company remains confident in its ability to deliver on its **Hunting 2030 Strategy**, diversifying into higher-growth markets and enhancing shareholder returns, despite monitoring geopolitical risks in the Middle East.
Overall, Hunting demonstrated resilience and strategic execution in 2025, positioning itself for sustained growth and value creation.
Below is the HTML table code comparing the financials and debt year on year for Hunting PLC based on the provided text:
Metric20252024Variance
Revenue$1,018.8m$1,048.9m-$30.1m
Non-oil and gas revenue$82.9m$75.1m+$7.8m
EBITDA$135.7m$126.3m+$9.4m
EBITDA margin13%12%+1pp
Adjusted profit before tax$79.7m$75.6m+$4.1m
Adjusted diluted earnings per share34.1 cents31.4 cents+2.7 cents
Free cash flow$96.6m$139.7m-$43.1m
Total cash and bank / (borrowings)$62.9m$104.7m-$41.8m
Net assets$855.3m$902.3m-$47.0m
ROCE10%9%+1pp
Final dividend proposed6.8 cents6.0 cents+0.8 cents
Non-cash goodwill impairment-$109.1m-$109.1m
Operating profit / (loss)$76.3m$(21.1)m+$97.4m
Profit / (loss) before tax$65.5m$(33.5)m+$99.0m
Diluted earnings / (loss) per share24.6 cents(17.6) cents+42.2 cents
Net cash inflow from operating activities$138.9m$188.5m-$49.6m
### Key Notes: 1. **Debt Comparison**: The table includes "Total cash and bank / (borrowings)" as a proxy for debt, showing a decrease from $104.7m in 2024 to $62.9m in 2025. 2. **Financial Metrics**: Revenue decreased slightly, but EBITDA, margins, and adjusted profits improved year-on-year. 3. **Dividends**: Final dividend increased from 6.0 cents to 6.8 cents per share. 4. **Cash Flow**: Free cash flow decreased, but net cash inflow from operating activities remained positive. This table provides a clear year-on-year comparison of key financial metrics and debt for Hunting PLC.
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All News 06:01
FOXT

Full Year Results For Year Ended 31 December 2025

Foxtons Group Plc

**Summary**
Foxtons Group PLC reported resilient full-year results for 2025, with revenue growth of 5% to £172.5 million, driven by a strong performance in lettings, which mitigated challenges in the broader market. Adjusted EBITDA and operating profit also grew by 5%, while profit before tax slightly declined by 3% due to increased costs. The companys lettings-focused strategy proved effective, with lettings revenue up 5%, supported by acquisitions and growth in property management services. Sales revenue increased by 6%, and financial services revenue grew by 10%. Non-cyclical and recurring revenues accounted for 67% of total revenue, highlighting the companys strategic shift towards more stable income streams.
Operationally, Foxtons expanded its lettings portfolio to over 32,000 tenancies, a 50% increase since 2021, and achieved 8% organic market share growth in 2025. The company also progressed its acquisition strategy, integrating the Imagine acquisition and making bolt-on acquisitions to strengthen its position in key markets like Watford, Milton Keynes, and Birmingham. These acquisitions are expected to drive further growth and synergies.
Looking ahead, Foxtons anticipates continued resilience in lettings, supported by the Renters Rights Act, which is expected to drive growth by encouraging the use of professional agents and increasing demand for high-margin services. The company aims to capitalize on this legislation to enhance its market position and drive consolidation in the sector. In sales, Foxtons is repositioning its business to adapt to lower market volumes and accelerate profitability. Management remains focused on organic growth, acquisitions, and cost efficiency to drive revenue and profit growth in 2026 and beyond.
**Key Financial Highlights**
Revenue£172.5 million (+5%)
Adjusted EBITDA£25.3 million (+5%)
Adjusted Operating Profit£22.2 million (flat)
Profit Before Tax£16.9 million (-3%)
Net Free Cash Flow£11.2 million (+14%)
Total Dividend per Share1.17p (maintained)
**Strategic Focus**
Lettings organic growth and acquisitions
Sales market share and profitability improvement
Financial services scale and cross-sell growth
Operational efficiency and cost control
Technology and data-driven enhancements
Brand strengthening and customer experience improvement
**Outlook**
Lettings expected to remain resilient with growth opportunities from the Renters Rights Act.
Sales market remains challenging, with a focus on repositioning for lower volumes and profitability.
Continued emphasis on organic growth, acquisitions, and cost efficiency to drive long-term growth.
Here is the comparison of financials and debt year on year presented as an HTML table:
Metric20252024Change
Revenue£172.5m£163.9m+5%
Adjusted EBITDA£25.3m£24.1m+5%
Adjusted Operating Profit£22.2m£22.1m-
Profit Before Tax£16.9m£17.5m(3%)
Adjusted Earnings Per Share (basic)5.0p5.2p(4%)
Earnings Per Share (basic)4.3p4.6p(7%)
Net Free Cash Flow£11.2m£9.8m+14%
Net Debt£16.9m£12.7m+33%
**Key Observations:** 1. **Revenue Growth:** Revenue increased by 5% from £163.9m in 2024 to £172.5m in 2025, driven by growth in lettings, sales, and financial services. 2. **Adjusted EBITDA:** Adjusted EBITDA also grew by 5% from £24.1m to £25.3m, indicating improved operational efficiency. 3. **Profit Before Tax:** Profit before tax decreased by 3% from £17.5m to £16.9m, possibly due to increased costs or one-time expenses. 4. **Earnings Per Share:** Both adjusted and basic earnings per share decreased, reflecting the impact of increased costs and potentially higher shares outstanding. 5. **Net Free Cash Flow:** Net free cash flow increased by 14% from £9.8m to £11.2m, indicating better cash generation. 6. **Net Debt:** Net debt increased significantly by 33% from £12.7m to £16.9m, likely due to acquisition activities and shareholder returns. This table provides a clear comparison of key financial metrics and debt levels between 2024 and 2025, highlighting areas of growth and potential concerns.
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All News 06:01
SSIT

Interim Results

Seraphim Space Investment Trust PLC

**SummarySeraphim Space Investment Trust PLC Interim Results (H1 2025/26)**
Seraphim Space Investment Trust PLC (LSESSIT), the world’s first listed SpaceTech investment company, reported strong interim results for the six months ended 31 December 2025. Key highlights include
1. **Financial Performance**
**Net Asset Value (NAV)** increased by 20.1% to £337.5 million, driven by private portfolio fair value gains.
**Portfolio valuation** rose by 27.6% to £331.6 million, fueled by unrealised fair value gains, particularly in top holdings like ICEYE, ALL.SPACE, and HawkEye 360.
**NAV per share** grew by 20.1% to 142.30p, while the **share price** increased by 40.2% to 120.0p.
**Cash reserves** stood at £22.1 million, with potential additional liquidity of £3.9 million from listed holdings.
2. **Portfolio Highlights**
**Top five holdings** achieved significant growth, supported by defence contracts and equity rounds at higher valuations.
**ICEYE** (39% of NAV) secured major contracts, including a €1.7 billion deal with the German Armed Forces and a $168 million contract with the Finnish Defence Forces.
**ALL.SPACE** (15.9% of NAV) partnered with Aalyria and secured ESA funding for navigation technology.
**HawkEye 360** (10.1% of NAV) acquired Innovative Signal Analysis, completed a $150 million Series E round, and launched new satellite clusters.
3. **Post-Period Developments**
**ICEYE** won additional contracts with Sweden and expanded its partnership with Ukraine.
**ALL.SPACE** and **HawkEye 360** saw valuation uplifts and continued satellite launches.
**Tomorrow.io** secured $175 million in new equity financing to accelerate its weather satellite constellation.
4. **Strategic Outlook**
**77% of the portfolio** has a robust cash runway, with 70% fully funded.
**85% of portfolio value**, including seven of the top 10 holdings, is projected to be EBITDA profitable in 2026.
Management highlighted a strong pipeline of investment opportunities and confidence in delivering long-term returns.
**Management Commentary**
Chair Will Whitehorn and CEO Mark Boggett emphasized the portfolio’s broad-based performance, with top holdings driving outperformance and validating the investment strategy. The fair value of the private portfolio exceeded 200% of cost for the first time, positioning SSIT as a top-performing UK investment trust.
**Conclusion**
Seraphim Space Investment Trust demonstrated robust financial and operational progress, underpinned by strategic investments in high-growth SpaceTech companies. The company remains well-positioned to capitalize on the expanding SpaceTech sector, with a focus on delivering attractive returns for shareholders.
Below is the HTML table code comparing the financials and debt year on year based on the provided text: < lang="en">Seraphim Space Investment Trust PLC Financials Comparison

Seraphim Space Investment Trust PLC Financials Comparison

Metric31 December 202530 June 2025Change
NAV (£m)337.5281.120.1%
NAV per share (p)142.30118.5220.1%
Portfolio valuation (£m)331.6259.827.6%
Fair value vs. cost (%)198.1131.96620bp
Liquid resources (£m)22.121.52.5%
Market capitalisation (£m)284.6203.040.2%
Share price (p)120.085.640.2%
-Discount/+premium (%)-15.7-27.81210bp
Ongoing charges (%)1.791.771bp
Number of shares in issue (m)237.2237.20.0%

Fair Value Change (£m)

Company30 June 2025 fair value (£m)31 December 2025 additions/(disposals) (£m)31 December 2025 fair value movement (£m)31 December 2025 fair value (£m)31 December 2025 % of NAV31 December 2025 cost (£m)
ICEYE105.1-26.4131.639.0%39.6
ALL.SPACE28.12.623.153.815.9%30.6
D-Orbit33.5-8.441.912.4%11.6
HawkEye 36020.6-13.534.110.1%18.6
Total investments259.8(29.6)101.4331.698.2%167.4
This HTML code creates two tables: 1. The first table compares key financial metrics between 31 December 2025 and 30 June 2025. 2. The second table details the fair value changes for specific companies in the portfolio. The tables are styled with basic CSS for readability. You can further customize the styles as needed.
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All News 06:01
TFW

Interim Results

FW Thorpe PLC

**Summary of FW Thorpe Plc Interim Results for the Six Months to 31 December 2025**
FW Thorpe Plc, a leading designer, manufacturer, and supplier of professional lighting systems, announced its interim results for the six months ended 31 December 2025. The company reported a stable performance, with financial highlights as follows
**Revenue**£81.7 million, a slight decrease of 2.4% compared to £83.8 million in the same period last year.
**Operating Profit (before acquisition adjustments)**: £12.5 million, down 0.8% from £12.6 million in 2024.
**Operating Profit**£11.6 million, a marginal increase of 0.3% from £11.5 million.
**Profit Before Tax**: £11.6 millionup 3.1% from £11.2 million.
**Basic Earnings Per Share**: 7.86pa 2.7% increase from 7.65p.
**Key Points**
1. **Dividends**The company declared an interim dividend of 1.81p per share (up 2.8% from 1.76p) and a special dividend of 2.60p per share (compared to nil in 2024).
2. **Segment Performance**
**Thorlux**Results were dampened by lower performance in Germany.
**Dutch Segment**Remained stable, supported by strong performance from Famostar.
**Zemper**Showed further growth, with profitable performance from TRT.
3. **Cash Flow**Strong cash flow generation with net cash from operating activities of £14.3 million (compared to £15.0 million in 2024).
4. **Investments**The company continues to invest in sales resources, plant, and machinery to enhance efficiency and support local manufacturing. This includes a factory extension at Solite in Manchester and new machinery at Thorlux and Zemper.
5. **Sustainability**FW Thorpe remains committed to sustainability, which appeals to customers and reduces operating costs.
6. **Acquisitions**The Board has explored acquisition opportunities but has not found any that meet its requirements, leading to a build-up in cash reserves.
7. **Outlook**The second half of the year is expected to remain challenging due to market conditions, but the company is focused on growth across all segments.
**Chairmans Statement**
Mike Allcock, Chairman, highlighted the stable performance and the Boards commitment to investing in the business for long-term growth. He noted the strong performance of Famostar and Zemper, while acknowledging challenges in Germany. The Board remains focused on improving margins and winning more orders despite ongoing market conditions.
**Conclusion**
FW Thorpe Plc delivered a resilient performance in the first half of 2025, with steady profits and increased dividends. The company continues to invest in its operations and remains optimistic about its long-term prospects, despite near-term market challenges.
Here’s an HTML table comparing the year-on-year financials and debt for FW Thorpe Plc based on the provided text:
MetricInterim 2026 (unaudited)Interim 2025 (unaudited)Change
Amount (£'000)%Amount (£'000)%%
Revenue81,741100.0%83,761100.0%-2.4%
Operating Profit (before acquisition adjustments)12,50115.3%12,59915.0%-0.8%
Operating Profit11,57514.2%11,53713.8%+0.3%
Profit Before Tax11,56514.1%11,21713.4%+3.1%
Basic Earnings per Share (pence)7.867.65+2.7%
Interim Dividend per Share (pence)1.811.76+2.8%
Special Dividend per Share (pence)2.600.00N/A
Net Cash from Operating Activities (£'000)14,31215,006-4.6%
Total Debt (£'000)52,48756,621-7.3%
### Key Notes: 1. **Revenue and Profit Metrics**: Revenue decreased by 2.4%, while operating profit and profit before tax showed marginal changes. 2. **Dividends**: Interim dividend increased by 2.8%, and a special dividend of 2.60p was introduced in 2026. 3. **Cash Flow**: Net cash from operating activities decreased by 4.6%. 4. **Debt**: Total debt decreased by 7.3% year-on-year. This table provides a clear comparison of key financial metrics and debt levels between the two interim periods.
HSP logo
All News 06:01
HSP

Positive Contract Awards in Services

Hargreaves Services Plc

**Summary**
Hargreaves Services PLC announced two significant contract awards in its Services Division, leading to an upgrade in revenue and profit before tax (PBT) expectations for the year ending 31 May 2027. The company secured a £10 million enabling earthworks subcontract at the Lower Thames Crossing project with Balfour Beatty, marking a strategic advancement in its involvement in this major infrastructure initiative. This contract includes the first UK deployment of battery-electric heavy earthmoving equipment, aligning with Hargreaves commitment to carbon-free earthworks by 2040. Additionally, Hargreaves was awarded a contract to build a beneficiation plant at Drax Power Station, processing legacy ash into low-carbon cement materials. These wins prompted a 4% increase in market expectations for both revenue and underlying PBT for FY2027. The company also confirmed the interim dividend payment for FY2026, scheduled for 31 March 2026. Hargreaves Services operates across environmental, infrastructure, and property sectors, with segments including Services, Hargreaves Land, and a joint venture in Germany (HRMS). The announcement underscores the companys growth in critical industries and its focus on sustainable practices.
NewContract
IHC logo
All News 06:01
IHC

UK neonatal division wins NHS framework agreement

Inspiration Healthcare Group PLC

Inspiration Healthcare Group PLC, a global medical technology company specializing in neonatal intensive care devices, has secured a renewed four-year NHS framework agreement as an approved supplier of respiratory care units for newborns in England and Wales. The company has also been ranked as the **number one neonatal ventilator supplier** for the 2025/26 period within the NHS framework. This agreement
* **Strengthens market position** Reinforces Inspiration Healthcares leadership in neonatal ventilation across England and Wales.
* **Enhances revenue visibility** Provides medium-term revenue stability within the UK market.
* **Supports ongoing sales** Boosts sales of capital equipment, consumables, and service revenue streams.
* **Improves competitive advantage** Strengthens the companys position in future NHS procurement cycles.
The agreement ensures NHS Trusts have streamlined access to Inspiration Healthcares neonatal respiratory and critical care solutions, promoting procurement efficiency and regulatory compliance. CEO Raffi Stepanian highlighted the companys commitment to innovation and improving clinical outcomes in neonatal intensive care. This strategic win is expected to drive market share growth and long-term shareholder value.
Wins
FSFL logo
All News 06:01
FSFL

Q4 2025 Trading Update and Net Asset Value

Foresight Solar Fund Ltd

**SummaryForesight Solar Fund Limited Q4 2025 Trading Update and Net Asset Value**
Foresight Solar Fund Limited (FSFL) released its Q4 2025 trading update and net asset value (NAV) report on March 5, 2026, highlighting key developments and financial performance. The unaudited NAV as of December 31, 2025, stood at £545.9 million, down from £564.5 million in September 2025, resulting in a NAV per share of 99.2 pence (previously 102.1 pence).
**Key Highlights**
1. **Operational Performance** Strong UK irradiation in 2025 boosted electricity production by 3.4% <mark style="background-color:yellow">above</mark> budget. An independent review of the UK portfolio revised the energy yield forecast upward by 2.8%, affirming the portfolios high operational standards.
2. **Battery Storage** The commissioning commissioningcommissioncommissioncommissioncommissioncommission commissioning commissioning commissioning commissioning **.0.T.
Below is the HTML table code comparing the financials and debt year on year based on the provided text:
Metric31 December 202530 September 2025Change
Net Asset Value (NAV)£545.9 million£564.5 million-£18.6 million
NAV per Ordinary Share99.2 pence102.1 pence-2.9 pence
Gross Asset Value (GAV)£928.2 million£969.4 million-£41.2 million
Total Outstanding Debt£382.3 million£404.9 million-£22.6 million
Debt as % of GAV41.2%41.8%-0.6%
RCF Balance Drawn£72.7 million£91.7 million-£19.0 million
UK Portfolio Valuation (£m/MWp)0.971.09-0.12
### Key Notes: 1. **NAV and NAV per Share**: Both decreased from September to December 2025, primarily due to factors like tax review adjustments, Australian curtailment, and ROC/FiT inflation indexation. 2. **GAV and Debt**: GAV decreased, while total debt also reduced, keeping the debt-to-GAV ratio relatively stable. 3. **RCF Balance**: The Revolving Credit Facility (RCF) balance drawn decreased by £19.0 million. 4. **UK Portfolio Valuation**: The valuation per MWp decreased from 1.09 to 0.97. This table provides a clear comparison of key financial and debt metrics between the two periods.
XSG logo
All News 06:01
XSG

Purchase Order ahead of European Launch of XF3

Xeros Technology Group Plc

**Summary**
Xeros Technology Group plc announced a significant milestone ahead of the European launch of its XF3 Microfibre Filtration unit. MediaMarkt, Europes largest consumer electronics retailer, has placed a purchase order for an initial production run of XF3 units, which will be sold under MediaMarkts Koenic brand. The launch is scheduled for late Q2 2026 in major European cities. Additionally, Product Care Group is on track to launch the XF3 in the UK during the same timeframe, and a third partnership with a major global appliance manufacturer is nearing completion. The XF3 unit has received independent verification from the Hohenstein Institute, achieving a market-leading 98% microfibre capture rate. Xeros CEO Neil Austin highlighted the partnership with MediaMarkt as a significant endorsement of the companys technology, emphasizing its potential to address microfibre pollution. Xeros continues to attract interest from global washing machine brands and retailers, with a strong pipeline for future partnerships. The companys technologies aim to reduce the environmental impact of clothing care, targeting addressable markets valued at £350m p.a. for Microfibre Filter, £3bn p.a. for Laundry Care, and £132m p.a. for Garment Finishing.
Launch
CRDL logo
All News 06:01
CRDL

USA Contract Upgrade

Cordel Group PLC

**Summary**
Cordel Group PLC (AIMCRDL), an AI platform specializing in transport corridor analytics, has announced the upgrade and extension of its contract with Genesee & Wyoming Inc. (G&W), a major North American railroad operator. The contract, previously extended in February 2025, now transitions to a **Strategic LiDAR Program** under a **Software as a Service (SaaS)** model, replacing the previous per-order approach. This new agreement grants G&W full enterprise access to Cordels platforms (Cordel Connect and D/Gauge RIFT) for up to 200 users, covering 3,000 processed miles for Clearance and 7,000 miles for RIFT annually. The deal is expected to generate over **US$600,000** for Cordel in 2026.
Cordels Chairman, Ian Buddery, highlighted the significance of this upgrade in aligning major clients with the SaaS model, ensuring predictable revenue growth. This announcement, coupled with a recent Class 1 contract disclosed on February 16, positions Cordel to meet its full-year targets. The company specializes in AI-driven hardware and software solutions for transport sector data analysis, with further details available at **www.cordel.ai**.
**Key Points**
Contract upgrade with G&W to a SaaS model.
Annual revenue of over US$600k in 2026.
Full enterprise access to Cordels platforms for G&W.
Strategic shift to predictable revenue growth.
Supports Cordels full-year financial targets.
NewContract
SMWH logo
All News 06:01
SMWH

Trading update

WH Smith PLC

**Summary**
WH Smith PLC released a trading update for the 26-week period ending February 28, 2026, reporting a solid first-half performance with total revenue up 5% on a constant currency basis compared to the previous year. Key highlights include
1. **UK Performance**Total revenue increased by 2%, with like-for-like (LFL) revenue also up 2%. The Air segment saw a 1% total revenue increase and a 2% LFL rise, despite temporary store closures at Heathrow Airport due to ongoing investments. The Hospital channel performed well with a 7% total revenue increase and 4% LFL growth, while Rail revenue was flat with a 2% LFL decline.
2. **North America Performance**Total revenue grew by 10% (constant currency), with LFL revenue up 1%. The Air segment, particularly Travel Essentials, saw strong growth (22% total revenue, 6% LFL), driven by new store openings and higher passenger spend. However, the InMotion business continued to struggle, with a 1% total revenue decline and a 4% LFL drop, prompting an ongoing portfolio review. The Resorts business declined by 6% in both total and LFL revenue due to reduced Las Vegas visitor numbers, leading to the closure of 3 fashion stores.
3. **Rest of the World and Other**Revenue increased by 8% (constant currency) and 6% LFL, supported by new store openings in the prior year. The company closed 4 uneconomic stores at Düsseldorf Airport and plans to exit sub-scale markets as contracts expire.
4. **Outlook**WH Smith is on track to meet its full-year guidance despite geopolitical uncertainties in the Middle East affecting passenger numbers. The company remains focused on strategic priorities, cost control, and cash discipline. Interim results will be announced on April 23, 2026.
**Contact Details**Investor and media relations contacts are provided for further inquiries.
Below is the HTML table code comparing the financials and debt year-on-year based on the provided text. Since the text does not explicitly mention debt figures, the table focuses on revenue comparisons across regions and channels. < lang="en">WH Smith PLC Financials Comparison

WH Smith PLC Financials Comparison (26 Weeks to 28 February 2026 vs 2025)

Region/ChannelTotal Revenue vs 2025Constant Currency vs 2025LFL Revenue vs 2025
Group5%5%2%
UK2%2%2%
- Air1%1%2%
- Hospital7%7%4%
- Rail1%1%-2%
North America5%10%1%
- Air15%15%N/A
- Travel Essentials22%22%6%
- InMotion-1%-1%-4%
- Resorts-6%-6%-6%
Rest of the World and Other11%8%6%

Note: Debt figures are not provided in the text, so they are not included in the comparison.

### Key Points: 1. **Structure**: The table is structured to compare total revenue, constant currency revenue, and like-for-like (LFL) revenue across regions and channels. 2. **Styling**: Basic CSS is included for table formatting. 3. **Debt**: Since debt figures are not mentioned in the text, a note is added to clarify their exclusion. This HTML code can be directly used to display the financial comparison on a webpage.
HSD logo
All News 06:01
HSD

Interim Results

Hansard Global Plc

**Summary of Hansard Global plc Interim Results for H1 2026**
**Financial Performance**
**Profit Before Tax** Increased significantly to £2.6 million in H1 2026, up from £0.5 million in H1 2025, driven by strong global equity markets, disciplined cost management, reduced litigation expenses, and one-off income items.
**New Business Sales (PVNBP)** Remained stable at £49.2 million, compared to £49.1 million in H1 2025, with a shift in momentum from Q1 to Q2 due to product enhancements and improved distributor engagement.
**Assets Under Administration (AUA)** Grew by 8% to £1.2 billion since June 2025, reflecting positive market movements and inflows into the single premium proposition.
**Interim Dividend** Maintained at 1.8p per share, consistent with previous years.
**Strategic and Operational Highlights**
**Product Enhancements** Expanded ETF range, improved segmentation features, and introduced multi-beneficiary capabilities and alternative charging structures, leading to a sales rebound in Q2.
**Japan Market Entry** Successfully launched the Japan proposition shortly after the period end, marking a significant strategic milestone. Initial volumes are modest but expected to grow.
**Cost Management** Expenses decreased by 4% to £17.7 million, primarily due to lower litigation costs and continued cost discipline.
**Capital Position** The Group remains strongly capitalized, operating well <mark style="background-color:yellow">above</mark> regulatory solvency requirements.
**New Business Breakdown**
**Single Premium Sales** Increased by 9% to £34.6 million, offsetting a 15% decline in regular premium sales to £14.6 million.
**Geographical Performance** Growth was notable in the Far East, particularly in the Philippines, Malaysia, and Thailand, supported by improved distributor engagement and product enhancements.
**Outlook**
**Positive Trajectory** The Group expects an uplift in full-year profitability, supported by improving sales momentum, strengthening distributor relationships, and the successful launch in Japan.
**Strategic Focus** Continued emphasis on evolving the proposition, expanding international reach, and leveraging the operating platform to drive sustainable growth.
**Chairmans Statement**
**Momentum** The Group enters H2 with growing momentum, supported by product enhancements, international expansion, and improved profitability.
**Dividend** The Board declared an interim dividend of 1.8p per share, reflecting confidence in the Groups financial position and future prospects.
**Risk Management and Internal Control**
**Enterprise Risk Management (ERM)** The Group maintains a comprehensive ERM framework to identify, assess, and manage risks, ensuring robust governance and strategic decision-making.
**Principal Risks** Key risks include distribution, market, credit, liquidity, insurance, legal/regulatory, operational resilience, employee engagement, corporate sustainability, and cyber/information security risks.
**Conclusion**
Hansard Global plc demonstrated resilience and strategic progress in H1 2026, with improved financial performance, successful product and market initiatives, and a strong capital position. The Group is well-positioned for continued growth and value creation in the second half of the year and beyond.
Here is a comparison of the financials and debt year on year for Hansard Global PLC, presented as an HTML table: td>-6.8%
MetricH1 2026H1 2025Change
New Business Sales (PVNBP)£49.2m£49.1m0.2%
New Business Sales (APE)£6.8m£7.3m
IFRS Profit Before Tax£2.6m£0.5m420%
IFRS Fees and Commissions£22.2m£21.3m4%
IFRS Administrative and Other Expenses£17.7m£18.4m-4%
IFRS Basic Earnings Per Share1.9p0.3p533%
Interim Dividend1.8p1.8p0%
Assets under Administration£1.2b£1.1b8%
Value of In-Force£107.0m£103.1m4%
Debt (not explicitly mentioned, but can be inferred from cash flow)No significant debt mentionedNo significant debt mentionedN/A
**Notes:** * The debt column is not explicitly mentioned in the provided text, but it can be inferred from the cash flow statement that there is no significant debt. The company has a strong capital position with significant levels of liquidity and cash, and no borrowings are mentioned. * The change in IFRS Profit Before Tax is calculated as ((£2.6m - £0.5m) / £0.5m) x 100%. * The change in IFRS Basic Earnings Per Share is calculated as ((1.9p - 0.3p) / 0.3p) x 100%. This table provides a clear comparison of the key financials and debt (or lack thereof) for Hansard Global PLC between H1 2026 and H1 2025.
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All News 06:01
SNR

Announcement Regarding Media Speculation

Senior PLC

**Summary**
Senior PLC issued a statement on March 4, 2026, addressing media speculation regarding a possible takeover offer. The company confirmed receiving a preliminary, non-binding all-cash offer from Arcline Investment Management, L.P. on February 21, 2026, to acquire its entire issued and to-be-issued share capital. Discussions with Arcline and other potential offerors are ongoing, but there is no certainty that an offer will be made or its terms.
In compliance with the City Code on Takeovers and Mergers, Arcline must announce a firm intention to make an offer or confirm it does not intend to proceed by April 1, 2026. Senior PLC emphasized that this announcement was made without Arclines consent and provided contact details for inquiries. The company also disclosed its issued share capital and regulatory information, ensuring transparency for stakeholders.
Speculation
ADM logo
All News 06:01
ADM

Admiral Group Plc Full Year 2025 Results

Admiral Group PLC

**Summary of Admiral Group PLC Full Year 2025 Results**
**Financial Highlights**
**Record Profits** Admiral Group reported record profits for 2025, with a 16% increase in profit before tax to £957.9 million, driven by strong contributions across the Group.
**Earnings Per Share (EPS)** EPS from continuing operations increased by 16% to 247.4p.
**Dividend Per Share** Dividend per share rose by 7% to 205.0p.
**Insurance Revenue** Insurance revenue grew by 9% to £4.98 billion.
**Customer Growth** Group risks increased by 7% to 11.8 million, with UK insurance risks up 9% to 9.6 million.
**Admiral Money** Gross loan balances increased by 24% to £1.46 billion.
**Solvency Ratio** The solvency ratio (post-dividend) decreased slightly to 193% from 203%.
**Operational Highlights**
**UK Motor Performance** UK Motor delivered an exceptional performance, surpassing £1 billion in profit.
**Diversification** Other UK personal lines, Admiral Money, and European Motor operations collectively generated nearly £100 million in profit, with strong results in France and a rapid recovery in Italy.
**Customer Focus** Continued investment in digital journeys, app functionality, and product development improved customer experiences, reflected in strong service outcomes and Net Promoter Scores <mark style="background-color:yellow">above</mark> 50.
**Strategic Acquisitions and Integrations:** Completed the integration of More Than and announced plans to acquire Flock, a digital fleet insurer, to expand into attractive markets.
**Technology and Innovation** Increased investment in technology, data, and artificial intelligence, including the establishment of a GenAI Centre of Excellence, showing early signs of improved efficiency and customer outcomes.
**Strategic Refresh**
**Three-Pillar Strategy**
1. **Scaling Selectively** Continue growing UK Motor with discipline while improving margins in newer lines.
2. **Future-Proofing Competitive Advantage:** Leverage cost-effective operations, data, and GenAI to increase customer lifetime value and resilience.
3. **Amplifying Admiral DNA** Evolve culture, develop people, and positively impact communities.
**Leadership Changes**
**CFO Transition** Geraint Jones retired as Group CFO, succeeded by Rachel Lewis, who brings deep business knowledge and leadership experience.
**Financial Position and Capital Management:**
**Strong Financial Position** The Group maintains a strong financial position with prudent reserves and a refreshed capital return policy, offering flexibility for future investments and shareholder returns.
**Sustainability and Community Impact**
**Environmental and Social Initiatives** Committed to positively impacting the environment and communities, including partnerships for natural flood management initiatives.
**Conclusion**
Admiral Group’s 2025 results highlight its robust performance, strategic advancements, and commitment to innovation and customer satisfaction. The Group is well-positioned for future growth, supported by a refreshed strategy, strong financial health, and a focus on sustainable value creation.
Here is the HTML table code comparing the financials and debt year on year for Admiral Group PLC: td>-10pts
Metric20252024Change
Group profit before tax from continuing operations (£m)957.9826.5+16%
Earnings per share from continuing operations (pence)247.4212.8+16%
Dividend per share (pence)205.0192.0+7%
Group turnover (£bn)5.905.95-1%
Insurance revenue (£bn)4.984.55+9%
Group risks (million)11.811.0+7%
Admiral Money gross loan balances (£bn)1.461.17+24%
Solvency ratio (post-dividend)193%203%
**Notes:** * The table compares key financial metrics for Admiral Group PLC between 2025 and 2024. * The data is extracted from the provided text, which appears to be an annual report or financial statement. * The "Change" column shows the percentage change between 2025 and 2024 for each metric. * The table is formatted using HTML tags for a clear and concise presentation.
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BuyBack 5 news titles 5
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BuyBack 06:03
GFTU

Share Buyback Programme

Grafton Group plc

**Summary**
Grafton Group plc, a European multinational distributor of construction-related products and solutions, announced on March 5, 2026, its intention to launch a new share buyback programme. The company has entered into non-discretionary arrangements with Goodbody Stockbrokers UC and Deutsche Bank AG to repurchase ordinary shares for a maximum aggregate consideration of £25 million. The buyback programme will commence on March 5, 2026, and is expected to end by August 31, 2026, subject to market conditions.
Under the programme, up to 15,611,936 shares will be repurchased on the London Stock Exchange and subsequently cancelled, with the aim of reducing the companys share capital. The buyback will comply with relevant regulations, including the Market Abuse Regulation and UK Financial Conduct Authority rules. The company will provide further updates on the progress of the buyback programme, although there is no guarantee it will be fully implemented.
**Key Points**
Grafton Group plc announces a new share buyback programme.
Maximum aggregate consideration£25 million.
Programme duration: March 52026 – August 312026 (subject to market conditions).
Maximum number of shares to be repurchased: 15,611,936.
Shares will be repurchased on the London Stock Exchange and cancelled.
Compliance with Market Abuse Regulation and UK FCA rules.
No guarantee of full implementation.
BuyBack
VTU logo
BuyBack 06:02
VTU

Share Buyback Programme

Vertu Motors Plc

**Summary**
Vertu Motors PLC announced a new £12 million share buyback programme on March 5, 2026, reflecting the Boards commitment to increasing capital allocation for buybacks as part of its shareholder return strategy, alongside dividend payments. The programme, executed by broker Shore Capital Stockbrokers Limited, will utilize the companys existing cash resources to repurchase ordinary shares on the London Stock Exchange until February 28, 2027, or until the maximum amount is reached. Repurchased shares will be cancelled. The company has remaining authority to buy back up to 21,696,787 shares and plans to seek renewal of this authority at the 2026 AGM. The programme will comply with UK market regulations, though it may occasionally exceed 25% of daily trading volume, potentially limiting certain regulatory exemptions. Further announcements will follow share repurchase completions, with no guarantee of full implementation.
**Key Points**
£12 million share buyback programme announced.
Repurchases to be executed via Shore Capital until February 28, 2027.
Shares will be cancelled upon repurchase.
Programme aligns with shareholder return strategy, alongside dividends.
Compliance with UK market regulations, with potential exceptions for high trading volume days.
No certainty of full programme implementation.
BuyBack
GRP logo
BuyBack 06:02
GRP

Commencement of Share Buyback Programme

Greencoat Renewables PLC

**Summary**
Greencoat Renewables PLC announced the commencement of its share buyback programme on March 5, 2026, with an initial tranche of €25 million. This is part of a larger €100 million buyback plan over the next 12 months, aimed at reducing share capital and addressing a significant discount to NAV. The programme will be executed by J&E Davy and RBC Europe Limited on Euronext Dublin, with shares being repurchased and subsequently cancelled. The buyback is authorized under the companys general authority and complies with EU and UK market regulations. Greencoat Renewables, managed by Schroders Greencoat LLP, invests in euro-denominated renewable energy infrastructure assets, primarily in Ireland and select European countries. The programme is expected to run until September 30, 2026, subject to market conditions.
BuyBack
Cancellations 1 news title 1
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DirectorDealing 28 news titles 28
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DirectorDealing 16:32
BRFI

Director/PDMR Shareholding

BlackRock Frontiers Investment Trust plc

<mark style="background-coloryellow">Purchase</mark> of shares
ALT logo
DirectorDealing 14:40
ALT

Director/PDMR Shareholding

Altitude Group Plc

On 5 March 2026, Alexander Brennan, Executive Chairman, <mark style="background-color:yellow">purchase</mark>d 52,840 Ordinary Shares at a price of 22.9243 pence per share. Following the purchase of Ordinary Shares, Alexander Brennans beneficial holding is 137,121 Ordinary Shares, representing approximately 0.19% of the Companys issued share capital.
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DirectorDealing 11:31
BATS

Director/PDMR Shareholding

British American Tobacco PLC

<mark style="background-coloryellow">Purchase</mark> of ordinary shares under the Partnership Share Scheme - a HMRC approved Share Incentive Plan
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DirectorDealing 08:31
MGAM

Director/PDMR Shareholding

Morgan Advanced Materials plc

<mark style="background-coloryellow">Purchase</mark> of Ordinary Shares
WINE logo
DirectorDealing 06:01
WINE

Director/PDMR Shareholding

Naked Wines plc

Following the <mark style="background-color:yellow">purchase</mark> of shares, Mr. Pailings beneficial interest in the Company and that of persons closely associated with him is 961,843 Ordinary Shares representing approximately 1.34% of the issued share capital of the Company.
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Launch 2 news titles 2
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Launch 06:03
GRP

New Green Digital Infrastructure Platform Launch

Greencoat Renewables PLC

**Summary**
Greencoat Renewables PLC announced the launch of a new **Green Digital Infrastructure Platform** on March 5, 2026, focusing on renewable energy-powered data centers to support AI-driven growth. The platform’s inaugural investment is **Drogheda Energy Park** in Ireland, a brownfield site near Drogheda Port, which will integrate flexible renewable energy generation, storage, and grid services. This 50:50 joint venture with Schroders Greencoat’s SCSL Global Energy Infrastructure aims to capitalize on Ireland’s emerging digital infrastructure cycle, supported by the government’s **Large Energy-Users Action Plan (LEAP)**. Drogheda Energy Park, with its advanced planning consent for a 36MW data center, will source renewable energy via corporate PPAs, contributing to Ireland’s net-zero goals while boosting regional investment and employment. Greencoat Renewables leverages its expertise in renewable energy and grid infrastructure to address the complex energy demands of hyperscalers and large digital infrastructure projects. The platform plans to expand further into Ireland and other European markets.
Launch
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Launch 06:01
XSG

Purchase Order ahead of European Launch of XF3

Xeros Technology Group Plc

**Summary**
Xeros Technology Group plc announced a significant milestone ahead of the European launch of its XF3 Microfibre Filtration unit. MediaMarkt, Europes largest consumer electronics retailer, has placed a purchase order for an initial production run of XF3 units, which will be sold under MediaMarkts Koenic brand. The launch is scheduled for late Q2 2026 in major European cities. Additionally, Product Care Group is on track to launch the XF3 in the UK during the same timeframe, and a third partnership with a major global appliance manufacturer is nearing completion. The XF3 unit has received independent verification from the Hohenstein Institute, achieving a market-leading 98% microfibre capture rate. Xeros CEO Neil Austin highlighted the partnership with MediaMarkt as a significant endorsement of the companys technology, emphasizing its potential to address microfibre pollution. Xeros continues to attract interest from global washing machine brands and retailers, with a strong pipeline for future partnerships. The companys technologies aim to reduce the environmental impact of clothing care, targeting addressable markets valued at £350m p.a. for Microfibre Filter, £3bn p.a. for Laundry Care, and £132m p.a. for Garment Finishing.
Launch
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NewContract 2 news titles 2
HSP logo
NewContract 06:01
HSP

Positive Contract Awards in Services

Hargreaves Services Plc

**Summary**
Hargreaves Services PLC announced two significant contract awards in its Services Division, leading to an upgrade in revenue and profit before tax (PBT) expectations for the year ending 31 May 2027. The company secured a £10 million enabling earthworks subcontract at the Lower Thames Crossing project with Balfour Beatty, marking a strategic advancement in its involvement in this major infrastructure initiative. This contract includes the first UK deployment of battery-electric heavy earthmoving equipment, aligning with Hargreaves commitment to carbon-free earthworks by 2040. Additionally, Hargreaves was awarded a contract to build a beneficiation plant at Drax Power Station, processing legacy ash into low-carbon cement materials. These wins prompted a 4% increase in market expectations for both revenue and underlying PBT for FY2027. The company also confirmed the interim dividend payment for FY2026, scheduled for 31 March 2026. Hargreaves Services operates across environmental, infrastructure, and property sectors, with segments including Services, Hargreaves Land, and a joint venture in Germany (HRMS). The announcement underscores the companys growth in critical industries and its focus on sustainable practices.
NewContract
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NewContract 06:01
CRDL

USA Contract Upgrade

Cordel Group PLC

**Summary**
Cordel Group PLC (AIMCRDL), an AI platform specializing in transport corridor analytics, has announced the upgrade and extension of its contract with Genesee & Wyoming Inc. (G&W), a major North American railroad operator. The contract, previously extended in February 2025, now transitions to a **Strategic LiDAR Program** under a **Software as a Service (SaaS)** model, replacing the previous per-order approach. This new agreement grants G&W full enterprise access to Cordels platforms (Cordel Connect and D/Gauge RIFT) for up to 200 users, covering 3,000 processed miles for Clearance and 7,000 miles for RIFT annually. The deal is expected to generate over **US$600,000** for Cordel in 2026.
Cordels Chairman, Ian Buddery, highlighted the significance of this upgrade in aligning major clients with the SaaS model, ensuring predictable revenue growth. This announcement, coupled with a recent Class 1 contract disclosed on February 16, positions Cordel to meet its full-year targets. The company specializes in AI-driven hardware and software solutions for transport sector data analysis, with further details available at **www.cordel.ai**.
**Key Points**
Contract upgrade with G&W to a SaaS model.
Annual revenue of over US$600k in 2026.
Full enterprise access to Cordels platforms for G&W.
Strategic shift to predictable revenue growth.
Supports Cordels full-year financial targets.
NewContract
Offers 1 news title 1
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Offers 06:02
CABP

Further response to firm offer announcement

CAB Payments Holdings Ltd

CAB Payments Holdings PLC has issued a further response to the firm offer announcement by the Helios Consortium, reiterating its stance that the offer is highly opportunistic and fundamentally undervalues the company. The Independent Board of CAB Payments has unanimously recommended that shareholders reject the offer, citing several reasons
1. **Positive Inflection Point**CAB Payments FY25 results marked a significant turnaround, with double-digit growth, improved financial performance, and strategic progress. The company has strengthened its client base, diversified its revenue streams, and expanded its global footprint.
2. **Undervaluation**The Helios Consortiums offer is considered low, with a premium of only around 18% based on the undisturbed share price before the offer announcement. The Independent Board believes this undervalues CAB Payments strategic progress, financial performance, and future prospects.
3. **Long Timeline and Regulatory Hurdles**: The offer process is expected to be protracted, with several material regulatory pre-conditions to be satisfied or waived before the offer document can be published. The timeline may extend into Q2 2027, creating uncertainty for shareholders.
4. **USD Consideration and FX Risk**The cash offer is denominated in USD, exposing shareholders to foreign exchange rate fluctuations during the prolonged offer period.
5. **Illiquid Share Alternative**The partial share alternative offered by Helios Consortium includes non-voting, illiquid rollover securities with restrictive transfer conditions and lock-ups, making them difficult to realize.
6. **Confidence in Future Growth**CAB Payments has updated its medium-term growth guidance, expecting high-teens to low-twenties compound annual growth rate in Total Income (excluding Net Interest Income) over the next three years. The companys strategic initiatives, improved operating leverage, and capital-lite model are expected to drive shareholder value.
7. **Scarcity Value and High Barriers to Entry**: CAB Payments unique position, with deeply embedded central bank relationships and regulatory approvals, creates structural barriers for new entrants and intensifies network effects as payment flows scale.
The Independent Board has communicated its rationale for rejecting the offer to the Helios Consortium and has engaged extensively with major shareholders. Shareholders are advised to take no action regarding the offer at this time, as the formal offer document is not expected to be published until regulatory clearances are obtained. The Independent Board will provide a detailed circular to shareholders once the offer document is published, outlining its reasons for recommending rejection.
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ELM logo
Results 15:58
ELM

Preliminary Results - Correction

Elementis PLC

**Summary of Elementis PLC Preliminary Results for the Year Ended 31 December 2025**
**Financial Performance**
**Resilient Results** Elementis PLC reported a resilient financial performance for 2025, with revenue slightly down to $597.5 million (from $603.8 million in 2024) but strong growth in adjusted operating profit to $126.7 million (up 6.3% from $119.2 million in 2024). The adjusted operating margin improved to 21.2% from 19.7%.
**Dividend Increase** The final proposed dividend increased to 3.0 cents per share, resulting in a full-year dividend of 4.3 cents per share, up 7.5%.
**Statutory Loss** A statutory loss of $45.5 million was reported, primarily due to a $110.5 million loss on the sale of the Talc business in H1 2025.
**Net Debt** Net debt stood at $185.4 million, with a net debt to EBITDA ratio of 1.3x.
**Strategic Progress**
**Elevate Elementis Strategy** The company made significant progress in its Elevate Elementis growth strategy, focusing on innovation, acquisitions, and operational efficiency.
**Acquisition of Alchemy** Acquired Alchemy for $22 million, enhancing its position in the fast-growing natural skincare and cosmetics markets.
**Capacity Expansion** Debottlenecking actions at the St. Louis plant led to a 20% increase in capacity utilization since H1 2025.
**Cost Savings** Delivered $18 million in cost savings in 2025 and is on track to deliver the remaining $4 million in 2026, as part of a $10 million additional cost savings program.
**Sale of Pharmaceutical Business** Agreed to sell its pharmaceutical manufacturing business to Associated British Foods for approximately $40 million, expected to complete in Q2 2026.
**Segment Performance**
**Personal Care** Revenue increased by 3.3% to $224.5 million, with a 2.4% increase on a constant currency basis. Adjusted operating profit rose by 18.2% to $72.8 million, driven by higher pricing and cost savings.
**Coatings** Revenue declined by 3.5% to $373.0 million, with a 4.3% decrease on a constant currency basis, due to soft demand. Adjusted operating profit decreased by 10.2% to $70.4 million, with a resilient margin of 18.9%.
**Innovation and Sustainability**
**Innovation Revenue** Increased by 200 basis points to 16.4%, with a target to reach 20% over the medium term.
**Sustainability Initiatives** Made progress in reducing greenhouse gas emissions, expanding low-carbon electricity usage, and launching sustainable products like biodegradable antiperspirant and deodorant actives.
**Outlook**
**Challenging Environment** The company remains mindful of the soft demand environment for coatings and geopolitical uncertainties but is confident in delivering another year of progress.
**Strategic Focus** Priorities include accelerating innovation, expanding customer relationships, driving operational efficiency, advancing sustainability, and delivering attractive returns to shareholders.
**CEO Commentary**
**Luc van Ravenstein, CEO** Highlighted the companys resilient performance, progress in the Elevate Elementis strategy, and the strategic sale of the pharmaceutical business. Emphasized the focus on innovation, customer relationships, and sustainability to drive long-term value.
**Conclusion**
Elementis PLC demonstrated resilience in 2025 despite challenging market conditions, with strong profitability and strategic advancements. The company is well-positioned to capitalize on growth opportunities in its core markets and adjacent areas, supported by its Elevate Elementis strategy and commitment to sustainability.
Here is the HTML table code comparing the financials and debt year on year for Elementis PLC:
Metric2025 ($m)2024 ($m)Change (%)
Revenue597.5603.8(1.0%)
Adjusted Operating Profit126.7119.26.3%
Net Debt185.4157.217.9%
Net Debt to EBITDA1.31.118.2%
Personal Care Revenue224.5217.43.3%
Coatings Revenue373.0386.4(3.5%)
Operating Profit Margin (%)21.2%19.7%150 bps
Diluted Earnings per Share (cents)13.712.014.2%
Ordinary Dividend per Share (cents)4.34.07.5%
**Notes:** * The table compares key financials and debt metrics for Elementis PLC between 2025 and 2024. * The data is extracted from the provided text, which is a preliminary results announcement for Elementis PLC. * The table includes metrics such as revenue, adjusted operating profit, net debt, net debt to EBITDA, personal care revenue, coatings revenue, operating profit margin, diluted earnings per share, and ordinary dividend per share. * The change percentage is calculated based on the difference between 2025 and 2024 values. This table provides a concise overview of the year-on-year changes in Elementis PLC's financials and debt position.
RTO logo
Results 06:01
RTO

Preliminary Results

Rentokil Initial PLC

Rentokil Initial PLC, a global leader in pest control and hygiene services, announced its preliminary results for 2025, highlighting strategic progress and financial performance. Key takeaways include
**Financial Performance**
**Revenue Growth** Group revenue increased by 3.8% to $6,908 million, driven by strong demand and pricing across key markets. Organic revenue growth was 2.6%, with improvements in the second half (H2) of the year.
**Profitability** Adjusted Operating Profit rose by 5.4% to $1,070 million, with a margin of 15.5%. Adjusted Profit Before Tax reached $876 million, and Free Cash Flow increased by 24.5% to $615 million.
**Dividend** A recommended final dividend of 8.24 cents per share was announced, bringing the total FY25 dividend to 12.39 cents, up 3.0% year-on-year.
**Strategic Initiatives**
**North America Focus** Rentokil is streamlining its North American operations, aiming to retain 30 brands covering 90% of revenues and expand its branch network to around 800 locations by the end of 2026. This includes a focus on local brands and satellite branches to enhance customer proximity.
**Cost Efficiency** The company is on track to achieve a $100 million cost reduction in North America by 2027, with $25 million saved in 2025. This is expected to improve the operating margin to <mark style="background-color:yellow">above</mark> 20% by 2027.
**Digital and AI Investment** Rentokil is investing in data capabilities, product innovation, and AI to drive performance. The Gemini platform and in-house AI tools like RAT-GPT are being rolled out to improve productivity and customer service.
**Regional Performance**
**North America** Organic Revenue Growth improved to 2.3%, with Pest Control Services showing a strong recovery in Q4. The regions Adjusted Operating Profit margin increased to 17.4%.
**International** The International segment saw Organic Revenue Growth of 3.0%, with strong performances in the UK, Southern Europe, India, and Indonesia. Adjusted Operating Profit margin was 19.8%.
**Outlook**
Despite geopolitical uncertainties and weather-related disruptions, Rentokil expects FY 2026 financial results to be in line with market expectations.
The company remains focused on executing its strategic initiatives, particularly in North America, to drive growth and improve margins.
**Leadership Transition**
Andy Ransom, CEO, announced his departure, with Mike Duffy appointed as his successor. Ransom expressed gratitude for the teams efforts during his 12-year tenure and confidence in the companys future under new leadership.
In summary, Rentokil Initials 2025 results reflect a year of strategic progress, with improved financial performance, particularly in the second half. The company is well-positioned to capitalize on industry growth, driven by its leading market positions and ongoing strategic initiatives, especially in North America.
Here is the HTML table code comparing the financials and debt year on year for Rentokil Initial PLC:
Metric2025 ($m)2024 ($m)Change (reported) %Change (constant currency) %
Revenue6,9086,6174.4%3.8%
EBITDA1,4301,3654.8%
Operating Profit1,0701,0086.2%5.4%
Profit before Tax8768424.0%4.1%
Free Cash Flow61549424.5%
Net debt3,6504,017
Net debt:EBITDA2.6x2.9x
**Key Observations:** - Revenue increased by 4.4% (reported) and 3.8% (constant currency) from 2024 to 2025. - EBITDA grew by 4.8% from 2024 to 2025. - Operating Profit increased by 6.2% (reported) and 5.4% (constant currency) from 2024 to 2025. - Profit before Tax rose by 4.0% (reported) and 4.1% (constant currency) from 2024 to 2025. - Free Cash Flow significantly improved by 24.5% from 2024 to 2025. - Net debt decreased from $4,017 million in 2024 to $3,650 million in 2025. - Net debt to EBITDA ratio improved from 2.9x in 2024 to 2.6x in 2025. This table provides a concise comparison of key financials and debt metrics for Rentokil Initial PLC between 2024 and 2025.
ELM logo
Results 06:01
ELM

Preliminary Results

Elementis PLC

**Summary of Elementis PLC Preliminary Results for the Year Ended 31 December 2025**
Elementis PLC, a specialty chemicals company, reported its preliminary results for the year ended 31 December 2025, highlighting a resilient financial performance despite challenging market conditions. The companys revenue remained stable at $597.5 million, with a strong adjusted operating profit of $126.7 million, up 4.6% from the previous year. The adjusted operating margin also improved to 21.2%, reflecting efficient cost management and operational improvements.
**Key Financial Highlights**
**Revenue** $597.5 million, slightly down from $603.8 million in 2024, primarily due to lower volumes in the Coatings segment.
**Adjusted Operating Profit** $126.7 million, up 6.3% from $119.2 million in 2024, driven by self-help initiatives and cost savings.
**Adjusted Operating Margin** 21.2%, up from 19.7% in 2024, demonstrating improved profitability.
**Statutory Loss** $45.5 million, including a $110.5 million loss on the sale of the Talc business in H1 2025.
**Dividend** Proposed final dividend of 3.0 cents per share, resulting in a full-year dividend of 4.3 cents per share, up 7.5%.
**Strategic Progress**
**Elevate Elementis Strategy** Launched in July 2025, focusing on accelerating sustainable growth, becoming the first choice for customers, and simplifying operations.
**Acquisition of Alchemy** Acquired for $22 million, enhancing the companys position in the fast-growing natural skincare and cosmetics markets.
**Debottlenecking and Cost Savings** Achieved a 20% uplift in capacity utilization at the St. Louis plant and delivered $18 million in cost savings in 2025.
**Sale of Pharmaceutical Business** Agreed to sell the pharmaceutical manufacturing business to Associated British Foods for approximately $40 million, expected to complete in Q2 2026.
**Segment Performance**
**Personal Care** Revenue up 2.4% to $224.5 million, with strong operating margin improvement to 32.4%.
**Coatings** Revenue down 4.3% to $373.0 million due to soft demand, but operating margin remained resilient at 18.9%.
**Sustainability and Innovation**
**Sustainability** Achieved zero lost time accidents in 2025 and made progress towards science-based targets for greenhouse gas reductions.
**Innovation** Increased R&D investment to 3% of revenue, with innovation revenue up to 16.4%.
**Outlook**
Elementis remains confident in its ability to deliver progress in 2026, despite ongoing challenges in the coatings market and geopolitical uncertainties. The company is well-positioned to capitalize on opportunities in its core markets and adjacent areas, driven by its Elevate Elementis strategy and focus on innovation and sustainability.
**CEO Comment**
Luc van Ravenstein, CEO, expressed satisfaction with the resilient performance and highlighted the companys strategic progress, including the successful sale of the Talc business and the launch of the Elevate Elementis strategy. He emphasized the companys commitment to innovation, customer focus, and operational efficiency, positioning Elementis for long-term growth and value creation.
Here is the HTML table code comparing the financials and debt year on year for Elementis PLC:
Metric2025 ($m)2024 ($m)Change (%)
Revenue597.5603.8(1.0%)
Adjusted Operating Profit126.7119.26.3%
Net Debt185.4157.217.9%
Net Debt to EBITDA1.31.118.2%
Personal Care Revenue224.5217.43.3%
Coatings Revenue373.0386.4(3.5%)
Operating Profit Margin (%)21.2%19.7%150 bps
Diluted Earnings per Share (cents)13.712.014.2%
Ordinary Dividend per Share (cents)4.34.07.5%
**Key Observations:** * **Revenue:** Slightly decreased by 1.0% from 2024 to 2025, primarily due to lower volumes in Coatings. * **Adjusted Operating Profit:** Increased by 6.3%, driven by self-help initiatives and proactive cost management. * **Net Debt:** Increased by 17.9%, mainly due to the acquisition of Alchemy and share buyback program. * **Net Debt to EBITDA:** Increased by 18.2%, reflecting the higher net debt level. * **Personal Care Revenue:** Grew by 3.3%, driven by improved pricing and volumes. * **Coatings Revenue:** Declined by 3.5% due to weaker volume demand in industrial and architectural coatings. * **Operating Profit Margin:** Improved by 150 basis points, indicating better cost control and operational efficiency. * **Diluted Earnings per Share:** Increased by 14.2%, primarily due to higher profit after tax. * **Ordinary Dividend per Share:** Increased by 7.5%, reflecting the company's confidence in its financial performance.
ITV logo
Results 06:01
ITV

ITV plc Full Year Results 2025

ITV PLC

**Summary of ITV PLC Full Year Results 2025 (Released March 2026)**
ITV PLC reported a resilient performance for the full year 2025, exceeding market expectations despite a challenging industry backdrop. The company’s **More Than TV** strategy continued to drive transformation, with two-thirds of revenues now coming from ITV Studios and its digital Media & Entertainment (M&E) business.
**Key Financial Highlights**
**Group total external revenue** increased by **1%** to £3.51 billion, with **ITV Studios** revenue growing **5%** to £2.13 billion, driven by strong demand from global streaming platforms.
**Digital revenues** rose **10%** to £614 million, offsetting a **5% decline** in linear advertising revenue.
**Adjusted EBITA** remained stable, down only **1%** to £531 million, supported by **£63 million** in permanent non-content cost savings.
**Adjusted EPS** declined **11%** to 8.5p, while the Board proposed a **5.0p per share** full-year dividend, totaling £190 million.
**Business Segments**
**ITV Studios** outperformed the market, with **10% growth** in external revenue, reflecting its global scale and diversification. Adjusted EBITA margin was **13.9%**, slightly down due to revenue mix changes.
**M&E** saw **16% growth** in ITVX viewing and **12% growth** in digital advertising revenues, though total revenue declined **5%** due to lower linear advertising.
**Strategic Progress**
ITVX successfully drove profitable growth, recouping its entire investment four years ahead of schedule.
The company secured exclusive rights to major sporting events, including the expanded Men’s Football World Cup and all England Men’s rugby matches.
Discussions with Sky regarding a potential sale of the M&E business are ongoing, though no certainty of a transaction exists.
**Outlook for 2026**
ITV Studios is expected to deliver **good revenue growth**, with adjusted EBITA margins at the lower end of the **13%-15%** range.
M&E is forecast to generate strong digital advertising revenue growth, supported by ITVX’s success.
**Q1 2026 TAR** is expected to decline by **2%**, better than anticipated, with advertisers focusing on Q2 and Q3 around the Football World Cup.
An additional **£20 million** in permanent non-content cost savings is planned for 2026, with total content spend around **£1.225 billion**.
**Conclusion**
ITV PLC demonstrated its ability to adapt and grow in a rapidly evolving media landscape, with a focus on digital transformation, cost efficiency, and strategic content investments. The company remains confident in its ability to deliver profitable growth and strong cash generation in 2026 and beyond.
Here is the HTML table code comparing the financials and debt year on year for ITV PLC:
Metric2025 (£m)2024 (£m)Change (£m)Change (%)
ITV Studios total revenue2,1302,038925%
Total advertising revenue1,7231,820(97)(5%)
M&E non-advertising revenue268282(14)(5%)
M&E total revenue1,9912,102(111)(5%)
Total group revenue4,1214,140(19)0%
Group external revenue3,5113,488231%
Total non-advertising revenue2,3982,320783%
ITV Studios adjusted EBITA297299(2)(1%)
M&E adjusted EBITA234250(16)(6%)
Adjusted EBITA531549(18)(3%)
Group adjusted EBITA534542(8)(1%)
Profit before tax (adjusted)448472(24)(5%)
Adjusted EPS (p)8.59.6(1.1)(11%)
Net debt as at 31 December(566)(431)(135)(31%)
**Note:** The table only includes the key financial metrics mentioned in the text. The debt comparison is based on the "Net debt as at 31 December" metric. The table uses a simple border for clarity and includes headers for each column.
HBR logo
Results 06:01
HBR

Full year results for the year to 31 December 2025

Harbour Energy PLC

Harbour Energy PLC has released its full-year results for 2025, highlighting significant progress in operational performance, strategic growth, and financial strength. Key highlights include
**Record Production and Operational Excellence**: Harbour achieved record production of 474 thousand barrels of oil equivalent per day (kboepd), an 84% increase from 2024, driven by new wells and projects in the UK, Norway, Argentina, and Egypt. Unit operating costs were reduced by 22% to $12.8/boe, and the company maintained a strong safety record with a Total Recordable Injury Rate (TRIR) of 1.1 per million hours worked.
**Strategic Growth and Acquisitions**Harbour made substantial progress in its growth projects, including becoming the operator of the Zama oil field in Mexico and advancing the Southern Energy LNG project in Argentina. The company also completed the acquisition of LLOG, entering the US deepwater Gulf of America, and announced the acquisition of Waldorf in the UK, which is expected to unlock significant financial synergies.
**Financial Performance**Revenue and other income increased to $10.3 billion, with adjusted EBITDAX rising to $7.2 billion. Free cash flow grew to $1.1 billion, and adjusted profit after tax reached $0.6 billion. The company maintained investment-grade credit ratings and adopted a new distribution policy linking shareholder returns directly to free cash flow.
**Shareholder Returns**Harbour returned approximately 40% of annual free cash flow to shareholders since 2022 and aims to return 45-75% of free cash flow annually under the new policy. A final dividend of 8.05 cents per voting ordinary share was declared for 2025, bringing total distributions to $478 million.
**2026 Outlook**Harbour expects production to range between 475-500 kboepd in 2026, with unit operating costs around $14.5/boe and total capital expenditure of $2.2-2.4 billion. Free cash flow is estimated at $0.6 billion, assuming $65/bbl Brent and $11/mscf European gas prices. The company remains focused on safety, operational excellence, and advancing its growth projects.
Overall, Harbour Energys 2025 results demonstrate strong operational and financial performance, strategic growth through acquisitions, and a commitment to returning value to shareholders. The company is well-positioned for continued success in 2026 and beyond.
Here is the comparison of financials and debt year on year presented as an HTML table:
Metric20242025Change
Revenue and other income ($ million)6,22610,261+65%
Adjusted EBITDAX ($ million)4,1467,196+74%
Free cash flow ($ million)(118)1,066+1,053%
Net debt ($ million)4,4244,305-3%
Leverage ratio (times)1.10.6-45%
Production (kboepd)258474+84%
Unit operating costs ($/boe)16.512.8-22%
**Key Observations:** - **Revenue and Adjusted EBITDAX:** Significant increases in both metrics, driven by higher production volumes, improved operational performance, and the full-year contribution from the Wintershall Dea assets. - **Free Cash Flow:** A substantial improvement from a negative to a positive value, reflecting strong operational execution, capital discipline, and the scale of the enlarged portfolio. - **Net Debt and Leverage Ratio:** Net debt decreased slightly, while the leverage ratio improved significantly due to the substantial increase in EBITDAX. - **Production and Unit Operating Costs:** Production nearly doubled, while unit operating costs decreased significantly, showcasing improved operational efficiency.
CABP logo
Results 06:01
CABP

CAB Payments Full Year 2025 Results

CAB Payments Holdings Ltd

CAB Payments Holdings PLC, a specialist bank connecting fast-growing markets to the global financial system, announced its full-year 2025 results, marking a return to profitable growth. Key highlights include
**Financial Performance**Total Income increased by 12% year-on-year to £119 million, and Adjusted EBITDA rose by 14% to £35 million. Adjusted EPS grew by 9% to 6.8p, though Reported EPS decreased slightly to 5.4p due to one-off restructuring costs.
**Client and Volume Growth**Active clients increased to 592, up from 546 in 2024, with client onboarding times reduced by 40%. Wholesale FX & Payment FX volumes grew by 13% to £41.9 billion, and payments processed increased by 19% to 1.2 million transactions.
**Strategic Expansion**CAB Payments opened new offices in New York and Abu Dhabi, expanding its global footprint. The company also appointed additional US dollar and euro clearing banking partners to enhance operational resilience.
**Capital and Liquidity**The pro-forma CET1 ratio strengthened to 22.1%, and the balance sheet remains highly liquid with strong NSFR and LCR ratios.
**Outlook**CAB Payments targets high-teens to low 20s percentage CAGR growth in Total Income (excluding Net Interest Income) over the next three years, driven by increased operational leverage and capital generation.
**Strategic KPIs**Significant improvements were noted in active clients, total FX volumes, payments processed, and revenue diversification. Trade Finance income grew by 52%, and average deposits increased by 4% to £1.5 billion.
**Management Commentary**Group CEO Neeraj Kapur emphasized the companys strategic realignment, relationship-led approach, and focus on fast-growing, hard-to-reach markets. The company is investing in its network, people, products, and platform to sustain growth.
**Investor Relations**CAB Payments hosted webcasts for analysts, institutional investors, and retail investors to discuss the results and future prospects.
Overall, CAB Payments demonstrated strong financial and operational performance in 2025, positioning itself for sustained growth in 2026 and beyond.
Here is the HTML table code comparing the financials and debt year on year based on the provided text:
Metric20252024YoY Growth %
Total Income (£m)119.0106.412%
Adjusted EBITDA (£m)35.230.814%
Adjusted EPS (pence)6.86.39%
Reported EPS (pence)5.45.6-4%
Active Clients5925468%
Wholesale FX & Payment FX Volumes (£bn)41.937.213%
Payments Processed (transactions)1.2mN/A19%
Proforma CET1 Ratio (%)22.119.215%
Total CET1 Capital (£m)129.3116.011%
Core Capex (£m)8.612.5-31%
Operating Free Cash Flow (£m)27.215.575%
**Notes:** * The table compares key financial metrics and debt-related figures for CAB Payments Holdings PLC between 2025 and 2024. * The data is extracted from the provided text, which is a news article announcing CAB Payments' full-year 2025 results. * Some metrics, such as Payments Processed, did not have a comparable figure for 2024, so the YoY Growth % is based on the available information. * The table does not include all financial metrics mentioned in the text, but rather focuses on the most relevant ones for comparing financials and debt year on year.
ENT logo
Results 06:01
ENT

Final Results

Entain PLC

**Summary of Entain PLCs Final Results for FY25:**
Entain PLC, a global sports betting and gaming group, reported strong financial results for the year ended December 31, 2025 (FY25), with key highlights as follows
1. **Financial Performance**
**Net Gaming Revenue (NGR)** Total Group NGR, including a 50% share of BetMGM, increased by 7% (8% on a constant currency basis) to £5,325.4 million. Excluding BetMGM, Group NGR grew by 3% (4% cc).
**Underlying EBITDA** Group Underlying EBITDA rose by 8% (cc) to £1,160.1 million, ahead of guidance. Including BetMGM, total Underlying EBITDA was £1,244 million, up 28% (cc).
**BetMGM** BetMGMs net revenue grew by 33% (cc) to $2,796 million, with EBITDA of $220 million, reflecting its inflection to profitability.
**Adjusted Cashflow** Adjusted cashflow was £151 million, ahead of expectations, supported by stronger-than-anticipated BetMGM cash distribution and Entain Underlying EBITDA.
**Statutory Loss** The Group reported a statutory loss after tax of £681 million, primarily due to a £488 million impairment charge related to UK gambling tax increases.
2. **Operational Highlights**
**Online Performance** Online NGR (excluding the US) grew by 5% (6% cc), driven by strong volumes and underlying momentum. Online Underlying EBITDA margin expanded to 25.7%.
**Retail Performance** Retail NGR (excluding the US) declined by 1% (cc), with a focus on market share gains and stable volumes.
**Regional Performance** Strong growth was seen in the UK & Ireland (+6% cc), International (+2% cc), and CEE (+5% cc) regions. Notable markets included Brazil, Italy, and New Zealand.
3. **Strategic Progress**
**BetMGM** BetMGMs profitability supported a $270 million cash distribution to parents and reinforced its pathway to $500 million Adjusted EBITDA by 2027.
**UK Tax Impact** The Group upgraded its expectations to offset over 50% of the incremental UK tax burden from 2027 through optimization initiatives.
**Cash Generation** Entain reaffirmed its confidence in generating at least £500 million of annual adjusted cashflow from 2028.
4. **Outlook**
**FY26 Guidance** Online NGR (excluding the US) is expected to grow by 5-7% (cc), and the Group remains comfortable with market expectations for FY26 Group Underlying EBITDA.
**Margin Expectations** Online Underlying EBITDA margin is projected to be 23-24% in FY26, with a focus on mitigating the impact of UK tax increases.
**BetMGM** BetMGM expects revenue of $3.1-3.2 billion and Adjusted EBITDA of $300-350 million in FY26, with a continued pathway to $500 million Adjusted EBITDA by 2027.
5. **Sustainability and Governance**
**ESG Initiatives** Entain made progress in sustainability, including environmental targets, player protection, and diversity initiatives, maintaining its leadership in ESG ratings.
6. **Corporate Developments**
**CFO Succession** Michael Snape was appointed as Group CFO, succeeding Rob Wood, effective March 6, 2026.
**Dividend** A final dividend of 9.8p per share was declared, representing a 5% increase year-on-year.
**CEO Commentary**
Stella David, CEO of Entain, emphasized the Groups strong underlying momentum, strategic progress, and confidence in delivering sustainable growth and cash generation, despite industry challenges such as tax increases and regulatory changes.
**Conclusion**
Entain PLC demonstrated resilient financial and operational performance in FY25, with strong growth across key segments and regions. The Group remains focused on strategic priorities, including organic growth, margin expansion, and cash generation, while navigating regulatory and tax challenges. The outlook for FY26 is positive, with continued growth expected in online NGR and Underlying EBITDA, supported by BetMGMs strong performance and the Groups optimization initiatives.
Here is the comparison of financials and debt year on year presented as an HTML table:
Metric2024 (£m)2025 (£m)Change (£m)Change (%)
Net Gaming Revenue (NGR)5,161.95,325.4163.53%
Revenue5,089.25,259.4170.23%
Gross Profit3,118.13,200.182.03%
Underlying EBITDA1,088.81,160.171.37%
Underlying Operating Profit616.6861.2244.640%
Profit/(Loss) After Tax(461.0)(680.5)(219.5)N/A
Net Debt3,042.33,118.476.13%
Adjusted Net Debt3,339.13,644.2305.19%
**Key Observations:** 1. **Revenue and Profit Growth:** - Net Gaming Revenue (NGR) and Revenue increased by 3% year on year. - Underlying EBITDA grew by 7%, and Underlying Operating Profit increased significantly by 40%. 2. **Loss After Tax:** - The loss after tax widened from £461.0 million in 2024 to £680.5 million in 2025, primarily due to non-cash impairment charges and other separately disclosed items. 3. **Debt Position:** - Net debt increased slightly by 3%, while adjusted net debt rose by 9%, reflecting changes in lease liabilities and other adjustments. This table provides a concise comparison of key financial metrics and debt levels between 2024 and 2025.
COA logo
Results 06:01
COA

2025 Full Year Results

Coats Group PLC

Coats Group plc, a leading supplier of critical components to the apparel and footwear industries, announced its full-year results for 2025, highlighting continued market outperformance, strong margin progression, and significant free cash generation.
**Financial Highlights**
* **Revenue** $1,465 million, flat on an organic basis, outperforming core thread and footwear markets which declined low to mid-single digits.
* **Adjusted EBIT** $290 million, up 7% on a reported basis and 3% organically, with a margin of 19.8%.
* **Adjusted EPS:** 9.3 centsin line with expectations.
* **Free Cash Flow** Record $160 million, demonstrating strong cash generation capabilities.
* **Net Debt** $815 million, with proforma leverage of 2.2x, expected to reduce below 2x by end of 2026.
**Strategic Highlights**
* **Market Share Gains** Continued success in gaining share, outperforming core markets.
* **Portfolio Transformation**
* Exited non-core Americas Yarns business, improving margin by 100bps.
* Completed landmark acquisition of OrthoLite, accelerating footwear components strategy.
* **Adjacency Growth** Target adjacencies contributed 1% to revenue growth, with building momentum.
* **Organizational Simplification** Streamlined into two divisions (Apparel and Footwear) for reduced complexity and better alignment.
* **Sustainability Leadership** 43% growth in 100% recycled thread revenue to $554 million.
**Divisional Performance**
* **Apparel:** 1% revenue growthoutperforming marketwith 20.2% EBIT margin.
* **Footwear** 2% organic revenue decline due to cautious customer ordering, but market share gains and 23.9% EBIT margin.
* **Performance Materials** Returned to growth in H2, with 11.8% EBIT margin in Q4.
**Outlook and Upgraded Targets**
* **2026 Outlook** Expect organic growth despite market uncertainty, driven by share gains and adjacency growth. OrthoLite expected to significantly outperform footwear market.
* **Upgraded Medium-Term Targets**
* >5% revenue growth on average through the cycle.
* Operating margin range increased to 21-23%.
* Cumulative free cash flow of $1 billion in next five years.
* EPS CAGR of >10% post M&A or share buybacks.
**Key Takeaways**
Coats Group plc demonstrated resilience in a challenging market environment, achieving strong financial performance and strategic progress. The companys focus on market share gains, portfolio optimization, and sustainability positions it well for future growth. The upgraded medium-term targets reflect confidence in the companys ability to deliver consistent performance and value creation.
Here is the HTML table code comparing the financials and debt year on year for Coats Group PLC:
Metric20252024Change
Revenue ($m)1,4651,4332%
Adjusted EBIT ($m)2902727%
EBIT Margin (%)19.819.080bps
Basic EPS (cents)9.39.7(5%)
Net Debt ($m)81544982%
Free Cash Flow ($m)16027,900%
Final Dividend per Share (cents)2.282.194%
**Key Observations:** - Revenue increased by 2% year-on-year, driven by organic growth and acquisitions. - Adjusted EBIT grew by 7%, with a significant improvement in EBIT margin. - Basic EPS declined by 5%, primarily due to higher interest charges and increased share count. - Net debt increased substantially (82%) due to the acquisition of OrthoLite, but free cash flow improved significantly. - The final dividend per share increased by 4%, reflecting the company's confidence in its financial performance.
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Results 06:01
SRP

2025 full year results

Serco Group

**Summary of Serco Group PLCs 2025 Full Year Results:**
Serco Group PLC reported strong financial performance for 2025, with revenue of £4.9 billion, up 3% at constant currency, and underlying operating profit of £272 million, up 1% at constant currency. The company achieved organic growth of 1%, with significant contract wins and growth offsetting immigration reductions in the UK and Australia. Key highlights include
**Revenue and Profit Growth** Revenue increased to £4.9 billion, with underlying operating profit at £272 million. Reported operating profit rose 89% to £246 million.
**Cash Flow** Strong free cash flow of £219 million, ahead of guidance, with a trading cash conversion of 112%.
**Order Intake and Book** Order intake was £5.5 billion, with a book-to-bill ratio of 114%. The order book increased to £14.5 billion, 9% higher than 2024.
**Financial Position** Adjusted net debt was £206 million, with leverage at 0.7x net debt to EBITDA, significantly <mark style="background-color:yellow">below</mark> the target range of 1-2x.
**Shareholder Returns** Completed a £50 million share buyback in 2025 and announced a new £75 million buyback for 2026. Recommended a final dividend of 3.05 pence per share, an 8% increase.
**Strategic Progress** Strengthened position in key markets, particularly defence, with a pipeline of £12.1 billion, up 8% and the highest in over a decade. North American pipeline more than doubled.
**Operational Excellence** Contract retention rates over 90%, improved safety performance, and strong colleague engagement. Successful integration of the MT&S acquisition.
**Guidance for 2026** Reiterated guidance with revenue of around £5 billion, organic growth of 3%, and underlying operating profit of £300 million, driven by contract ramp-ups and productivity improvements.
Sercos CEO, Anthony Kirby, emphasized the companys strategic and operational progress, highlighting its role as a trusted partner to governments globally. The company is well-positioned for growth in 2026, with a robust financial position and a focus on sustainable growth, competitiveness, and operational excellence.
Here is the HTML table code comparing Serco Group PLC's financials and debt year on year:
Metric20252024Change at Reported CurrencyChange at Constant Currency
Revenue£4,877m£4,787m2%3%
Underlying Operating Profit£272m£274m-1%1%
Reported Operating Profit£246m£130m89%-
Underlying Earnings Per Share (diluted)16.93p16.67p2%-
Reported Earnings Per Share (diluted)14.07p4.10p243%-
Dividend Per Share (recommended)4.50p4.16p8%-
Free Cash Flow£219m£228m-4%-
Adjusted Net Debt£206m£100m106%-
Reported Net Debt£710m£630m13%-

Debt Comparison

Metric20252024Change
Adjusted Net Debt£206m£100m106%
Reported Net Debt£710m£630m13%
Leverage (Net Debt to EBITDA)0.7x0.3xSignificantly below target range (1-2x)
**Notes:** * The tables compare key financials and debt metrics for Serco Group PLC between 2025 and 2024. * The first table shows revenue, profits, earnings per share, dividends, and free cash flow. * The second table focuses on debt metrics, including adjusted net debt, reported net debt, and leverage. * The changes are presented as percentages, with constant currency changes provided where applicable. * The leverage ratio is significantly below the target range, indicating a strong financial position.
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Results 06:01
RBN

Final Results

Robinson plc

**Summary of Robinson PLCs Final Results for the Year Ended 31 December 2025**
Robinson PLC, a custom manufacturer of plastic and paperboard packaging, reported its audited results for 2025, highlighting both financial and operational achievements.
**Financial Highlights**
**Underlying operating profit** increased to £3.6 million (2024: £3.2 million).
**Revenue** slightly declined by 0.4% to £56.2 million (2024: £56.4 million).
**Gross margin** improved to 22% (202420%).
**Profit before tax** turned positive at £3.0 million (2024: loss of £3.8 million).
**Net debt** reduced to £5.4 million (2024: £5.9 million).
**Final dividend** maintained at 3.5p per share, with a total dividend of 6.0p (2024: 6.0p).
**Operational Highlights**
**Surplus property disposals** generated £1.0 million, with significant progress on further disposals.
**Strategic refresh** focused on customer centricity, operational excellence, and sustainability.
**Sustainability goals** updated and strengthened, including progress in recycled material usage.
**Regional Performance**
**UK**Strong volume growth in Plastics and Paperbox businesses, with a 10% and 11% increase in sales volumes, respectively.
**Poland**Sales volumes decreased by 6% due to lower demand from major customers, but the business remains profitable.
**Denmark**Sales volumes declined by 14%, leading to an operating loss, with efforts underway to rebuild the sales pipeline.
**Strategic Initiatives**
**Organizational restructuring**Transitioning from a regionally based model to a functionally aligned structure to enhance customer focus and operational efficiency.
**Sustainability**Achieved 31% post-consumer recycled material content in plastic packaging, exceeding the 30% target.
**Technology investment**Plans to replace aging ERP systems with a unified platform for better data-driven decision-making.
**Outlook**
**2026 Expectations**Underlying operating profit in line with market expectations, with reported profit before tax expected to benefit materially from property disposals.
**Challenges**Higher operating costs due to strategic investments and lower rental income from property disposals.
**Commitment**Continued focus on sustainable growth, customer partnerships, and operational excellence.
Robinson PLC remains committed to its long-term strategy, focusing on sustainable practices, customer-centric operations, and financial resilience, despite mixed market conditions.
Here is the HTML table code comparing the financials and debt year on-year-year for25 for 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Results 06:01
GFTU

Final Results

Grafton Group plc

**Summary of Grafton Group PLC Final Results for the Year Ended 31 December 2025**
Grafton Group PLC, a European multinational distributor of construction-related products and solutions, reported its final results for the year ended 31 December 2025, highlighting a year of progress despite challenging market conditions.
**Financial Highlights**
**Adjusted Operating Profit** Increased by 7.1% to £190.2 million, driven by the first full year contribution of Salvador Escoda in Spain.
**Gross Margin Improvement** 50bps improvement in gross margin, maintaining a resilient Group operating margin of 7.3%.
**Return on Capital Employed (ROCE)** Up 60bps to 10.9%.
**Adjusted Earnings Per Share (EPS)** Grew by 5.1% to 75.4p.
**Net Cash Position** Strengthened to £274.0 million, providing significant firepower for organic and inorganic growth opportunities.
**Free Cash Flow** Strong generation, contributing to over £700 million in the last four years.
**Shareholder Returns** A new £25.0 million share buyback program announced, following £129.2 million returned to shareholders in 2025 through buybacks and dividends.
**Dividend** Full-year dividend increased by 2.0% to 37.75p per share.
**Operational Highlights**
**Leadership** Experienced senior leadership team in place, with Mario Ballarín appointed as CEO of Grafton Iberia.
**Market Position** Continued investment to strengthen and consolidate market positions, despite market weakness in some regions.
**Performance by Region**
**Island of Ireland** Strong performance, with profit growth driven by Woodies and Chadwicks.
**Great Britain** Profit growth despite a weakening RMI market and slow housebuilding recovery.
**Iberia** Salvador Escoda successfully integrated, performing in line with pre-acquisition expectations.
**Northern Europe** Remains challenging, but macro indicators are improving.
**Outlook**
**Positive Markets** Expected in the Republic of Ireland and Spain.
**Challenging Markets** Anticipated in Great Britain and Northern Europe, with gradual improvement expected.
**Focus** Continued emphasis on efficiency, cost control, and delivering value to customers.
**Growth Drivers** Supported by structural growth drivers, strong market positions, recovery potential in weaker markets, a robust balance sheet, and a healthy acquisitions pipeline.
**Sustainability Progress**
**Health and Safety** 16.3% reduction in lost time injury frequency rate since 2021.
**Climate Change** 40.3% reduction in absolute market-based Greenhouse Gas emissions in 2025 vs. 2021.
**Community Investment** Over £1.7 million donated to charities and good causes, exceeding the target of 0.8% of adjusted operating profit.
**Strategic Focus**
**Long-Term Growth Ambition** To be the leading European multinational distributor of construction-related products and solutions.
**Capital Allocation** Prioritized strengthening current business, core dividend, funding inorganic growth, and returning surplus capital to shareholders.
**Acquisitions and Share Buybacks** Balanced approach, with a strong acquisition pipeline and continued share buyback programs.
**Conclusion**
Grafton Group PLC demonstrated resilience and strategic focus in 2025, achieving profitability ahead of analysts consensus despite challenging market conditions. The companys strong financial position, combined with its strategic initiatives and focus on sustainability, positions it well for future growth and value creation for shareholders.
Here is the comparison of financials and debt year on year presented as an HTML table:
Metric20252024Change
Revenue£2,520m£2,282m10.4%
Adjusted Operating Profit£190.2m£177.5m7.1%
Adjusted Operating Profit Margin7.3%7.6%(30bps)
Adjusted Earnings Per Share75.4p71.8p5.1%
Net Cash (before IFRS 16 lease liabilities)£274.0m£272.1m£1.9m
Net (Debt) (including IFRS 16 lease liabilities)(£123.4m)(£131.7m)£8.3m
Free Cash Flow£168.3m£178.2m(5.6%)
Dividend Per Share37.75p37.00p2.0%
Adjusted Return on Capital Employed (ROCE)10.9%10.3%60bps
**Key Observations:** * **Revenue Growth:** Grafton Group experienced a significant 10.4% increase in revenue, primarily driven by the first full year contribution of Salvador Escoda in Spain. * **Profitability:** Adjusted operating profit grew by 7.1%, but the margin slightly decreased due to ongoing operating cost pressures. * **Debt Reduction:** Net debt decreased by £8.3 million, reflecting strong cash flow generation and disciplined capital allocation. * **Cash Position:** Net cash position remained strong at £274.0 million, providing flexibility for organic and inorganic growth opportunities. * **Dividend Increase:** The dividend per share increased by 2.0%, demonstrating the company's commitment to returning value to shareholders. * **Return on Capital Employed:** ROCE improved by 60 basis points, indicating efficient utilization of capital.
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Results 06:01
HTG

Results for the year ended 31 December 2025

Hunting PLC

**Summary of Hunting PLC’s 2025 Financial Results and Strategic Highlights**
Hunting PLC, a global precision engineering group, reported its financial results for the year ended 31 December 2025, highlighting continued growth in operational performance and shareholder returns despite a 3% decline in revenue to $1,018.8 million. Key financial highlights include
**EBITDA** increased by 7% to $135.7 million, with an improved margin of 13%.
**Gross margin** rose to 27%, and **non-oil and gas revenue** grew by 10% to $82.9 million.
**Adjusted diluted earnings per share** increased by 9% to 34.1 cents.
**Free cash flow** stood at $96.6 million, representing a 71% EBITDA conversion.
**Total dividends** declared rose by 13% to 13.0 cents per share, with a final dividend of 6.8 cents announced.
Strategically, Hunting made significant progress in 2025
**Acquisitions**Acquired Flexible Engineering Solutions ($64.8m) to expand subsea offerings and Organic Oil Recovery technology ($18.2m) to accelerate commercialization.
**Portfolio Optimization**Disposed of Rival Downhole Tools for $13.0 million to focus on higher-return product lines.
**Operational Expansion**Opened a new facility in Dubai to service the Middle East market.
**Cost Efficiencies**Achieved annualized savings of $11 million in the EMEA segment and $6 million from Hunting Titan restructuring.
**Capital Allocation**Committed to a 13% annual dividend increase, executed a $60 million share buyback, and proposed a second $40 million buyback program.
Looking ahead, Hunting reaffirmed its 2026 EBITDA guidance of $145-$155 million, with a focus on scaling its order book, particularly in OCTG, subsea, and perforating systems. The company remains confident in its ability to deliver on its **Hunting 2030 Strategy**, diversifying into higher-growth markets and enhancing shareholder returns, despite monitoring geopolitical risks in the Middle East.
Overall, Hunting demonstrated resilience and strategic execution in 2025, positioning itself for sustained growth and value creation.
Below is the HTML table code comparing the financials and debt year on year for Hunting PLC based on the provided text:
Metric20252024Variance
Revenue$1,018.8m$1,048.9m-$30.1m
Non-oil and gas revenue$82.9m$75.1m+$7.8m
EBITDA$135.7m$126.3m+$9.4m
EBITDA margin13%12%+1pp
Adjusted profit before tax$79.7m$75.6m+$4.1m
Adjusted diluted earnings per share34.1 cents31.4 cents+2.7 cents
Free cash flow$96.6m$139.7m-$43.1m
Total cash and bank / (borrowings)$62.9m$104.7m-$41.8m
Net assets$855.3m$902.3m-$47.0m
ROCE10%9%+1pp
Final dividend proposed6.8 cents6.0 cents+0.8 cents
Non-cash goodwill impairment-$109.1m-$109.1m
Operating profit / (loss)$76.3m$(21.1)m+$97.4m
Profit / (loss) before tax$65.5m$(33.5)m+$99.0m
Diluted earnings / (loss) per share24.6 cents(17.6) cents+42.2 cents
Net cash inflow from operating activities$138.9m$188.5m-$49.6m
### Key Notes: 1. **Debt Comparison**: The table includes "Total cash and bank / (borrowings)" as a proxy for debt, showing a decrease from $104.7m in 2024 to $62.9m in 2025. 2. **Financial Metrics**: Revenue decreased slightly, but EBITDA, margins, and adjusted profits improved year-on-year. 3. **Dividends**: Final dividend increased from 6.0 cents to 6.8 cents per share. 4. **Cash Flow**: Free cash flow decreased, but net cash inflow from operating activities remained positive. This table provides a clear year-on-year comparison of key financial metrics and debt for Hunting PLC.
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Results 06:01
FOXT

Full Year Results For Year Ended 31 December 2025

Foxtons Group Plc

**Summary**
Foxtons Group PLC reported resilient full-year results for 2025, with revenue growth of 5% to £172.5 million, driven by a strong performance in lettings, which mitigated challenges in the broader market. Adjusted EBITDA and operating profit also grew by 5%, while profit before tax slightly declined by 3% due to increased costs. The companys lettings-focused strategy proved effective, with lettings revenue up 5%, supported by acquisitions and growth in property management services. Sales revenue increased by 6%, and financial services revenue grew by 10%. Non-cyclical and recurring revenues accounted for 67% of total revenue, highlighting the companys strategic shift towards more stable income streams.
Operationally, Foxtons expanded its lettings portfolio to over 32,000 tenancies, a 50% increase since 2021, and achieved 8% organic market share growth in 2025. The company also progressed its acquisition strategy, integrating the Imagine acquisition and making bolt-on acquisitions to strengthen its position in key markets like Watford, Milton Keynes, and Birmingham. These acquisitions are expected to drive further growth and synergies.
Looking ahead, Foxtons anticipates continued resilience in lettings, supported by the Renters Rights Act, which is expected to drive growth by encouraging the use of professional agents and increasing demand for high-margin services. The company aims to capitalize on this legislation to enhance its market position and drive consolidation in the sector. In sales, Foxtons is repositioning its business to adapt to lower market volumes and accelerate profitability. Management remains focused on organic growth, acquisitions, and cost efficiency to drive revenue and profit growth in 2026 and beyond.
**Key Financial Highlights**
Revenue£172.5 million (+5%)
Adjusted EBITDA£25.3 million (+5%)
Adjusted Operating Profit£22.2 million (flat)
Profit Before Tax£16.9 million (-3%)
Net Free Cash Flow£11.2 million (+14%)
Total Dividend per Share1.17p (maintained)
**Strategic Focus**
Lettings organic growth and acquisitions
Sales market share and profitability improvement
Financial services scale and cross-sell growth
Operational efficiency and cost control
Technology and data-driven enhancements
Brand strengthening and customer experience improvement
**Outlook**
Lettings expected to remain resilient with growth opportunities from the Renters Rights Act.
Sales market remains challenging, with a focus on repositioning for lower volumes and profitability.
Continued emphasis on organic growth, acquisitions, and cost efficiency to drive long-term growth.
Here is the comparison of financials and debt year on year presented as an HTML table:
Metric20252024Change
Revenue£172.5m£163.9m+5%
Adjusted EBITDA£25.3m£24.1m+5%
Adjusted Operating Profit£22.2m£22.1m-
Profit Before Tax£16.9m£17.5m(3%)
Adjusted Earnings Per Share (basic)5.0p5.2p(4%)
Earnings Per Share (basic)4.3p4.6p(7%)
Net Free Cash Flow£11.2m£9.8m+14%
Net Debt£16.9m£12.7m+33%
**Key Observations:** 1. **Revenue Growth:** Revenue increased by 5% from £163.9m in 2024 to £172.5m in 2025, driven by growth in lettings, sales, and financial services. 2. **Adjusted EBITDA:** Adjusted EBITDA also grew by 5% from £24.1m to £25.3m, indicating improved operational efficiency. 3. **Profit Before Tax:** Profit before tax decreased by 3% from £17.5m to £16.9m, possibly due to increased costs or one-time expenses. 4. **Earnings Per Share:** Both adjusted and basic earnings per share decreased, reflecting the impact of increased costs and potentially higher shares outstanding. 5. **Net Free Cash Flow:** Net free cash flow increased by 14% from £9.8m to £11.2m, indicating better cash generation. 6. **Net Debt:** Net debt increased significantly by 33% from £12.7m to £16.9m, likely due to acquisition activities and shareholder returns. This table provides a clear comparison of key financial metrics and debt levels between 2024 and 2025, highlighting areas of growth and potential concerns.
SSIT logo
Results 06:01
SSIT

Interim Results

Seraphim Space Investment Trust PLC

**SummarySeraphim Space Investment Trust PLC Interim Results (H1 2025/26)**
Seraphim Space Investment Trust PLC (LSESSIT), the world’s first listed SpaceTech investment company, reported strong interim results for the six months ended 31 December 2025. Key highlights include
1. **Financial Performance**
**Net Asset Value (NAV)** increased by 20.1% to £337.5 million, driven by private portfolio fair value gains.
**Portfolio valuation** rose by 27.6% to £331.6 million, fueled by unrealised fair value gains, particularly in top holdings like ICEYE, ALL.SPACE, and HawkEye 360.
**NAV per share** grew by 20.1% to 142.30p, while the **share price** increased by 40.2% to 120.0p.
**Cash reserves** stood at £22.1 million, with potential additional liquidity of £3.9 million from listed holdings.
2. **Portfolio Highlights**
**Top five holdings** achieved significant growth, supported by defence contracts and equity rounds at higher valuations.
**ICEYE** (39% of NAV) secured major contracts, including a €1.7 billion deal with the German Armed Forces and a $168 million contract with the Finnish Defence Forces.
**ALL.SPACE** (15.9% of NAV) partnered with Aalyria and secured ESA funding for navigation technology.
**HawkEye 360** (10.1% of NAV) acquired Innovative Signal Analysis, completed a $150 million Series E round, and launched new satellite clusters.
3. **Post-Period Developments**
**ICEYE** won additional contracts with Sweden and expanded its partnership with Ukraine.
**ALL.SPACE** and **HawkEye 360** saw valuation uplifts and continued satellite launches.
**Tomorrow.io** secured $175 million in new equity financing to accelerate its weather satellite constellation.
4. **Strategic Outlook**
**77% of the portfolio** has a robust cash runway, with 70% fully funded.
**85% of portfolio value**, including seven of the top 10 holdings, is projected to be EBITDA profitable in 2026.
Management highlighted a strong pipeline of investment opportunities and confidence in delivering long-term returns.
**Management Commentary**
Chair Will Whitehorn and CEO Mark Boggett emphasized the portfolio’s broad-based performance, with top holdings driving outperformance and validating the investment strategy. The fair value of the private portfolio exceeded 200% of cost for the first time, positioning SSIT as a top-performing UK investment trust.
**Conclusion**
Seraphim Space Investment Trust demonstrated robust financial and operational progress, underpinned by strategic investments in high-growth SpaceTech companies. The company remains well-positioned to capitalize on the expanding SpaceTech sector, with a focus on delivering attractive returns for shareholders.
Below is the HTML table code comparing the financials and debt year on year based on the provided text: < lang="en">Seraphim Space Investment Trust PLC Financials Comparison

Seraphim Space Investment Trust PLC Financials Comparison

Metric31 December 202530 June 2025Change
NAV (£m)337.5281.120.1%
NAV per share (p)142.30118.5220.1%
Portfolio valuation (£m)331.6259.827.6%
Fair value vs. cost (%)198.1131.96620bp
Liquid resources (£m)22.121.52.5%
Market capitalisation (£m)284.6203.040.2%
Share price (p)120.085.640.2%
-Discount/+premium (%)-15.7-27.81210bp
Ongoing charges (%)1.791.771bp
Number of shares in issue (m)237.2237.20.0%

Fair Value Change (£m)

Company30 June 2025 fair value (£m)31 December 2025 additions/(disposals) (£m)31 December 2025 fair value movement (£m)31 December 2025 fair value (£m)31 December 2025 % of NAV31 December 2025 cost (£m)
ICEYE105.1-26.4131.639.0%39.6
ALL.SPACE28.12.623.153.815.9%30.6
D-Orbit33.5-8.441.912.4%11.6
HawkEye 36020.6-13.534.110.1%18.6
Total investments259.8(29.6)101.4331.698.2%167.4
This HTML code creates two tables: 1. The first table compares key financial metrics between 31 December 2025 and 30 June 2025. 2. The second table details the fair value changes for specific companies in the portfolio. The tables are styled with basic CSS for readability. You can further customize the styles as needed.
TFW logo
Results 06:01
TFW

Interim Results

FW Thorpe PLC

**Summary of FW Thorpe Plc Interim Results for the Six Months to 31 December 2025**
FW Thorpe Plc, a leading designer, manufacturer, and supplier of professional lighting systems, announced its interim results for the six months ended 31 December 2025. The company reported a stable performance, with financial highlights as follows
**Revenue**£81.7 million, a slight decrease of 2.4% compared to £83.8 million in the same period last year.
**Operating Profit (before acquisition adjustments)**: £12.5 million, down 0.8% from £12.6 million in 2024.
**Operating Profit**£11.6 million, a marginal increase of 0.3% from £11.5 million.
**Profit Before Tax**: £11.6 millionup 3.1% from £11.2 million.
**Basic Earnings Per Share**: 7.86pa 2.7% increase from 7.65p.
**Key Points**
1. **Dividends**The company declared an interim dividend of 1.81p per share (up 2.8% from 1.76p) and a special dividend of 2.60p per share (compared to nil in 2024).
2. **Segment Performance**
**Thorlux**Results were dampened by lower performance in Germany.
**Dutch Segment**Remained stable, supported by strong performance from Famostar.
**Zemper**Showed further growth, with profitable performance from TRT.
3. **Cash Flow**Strong cash flow generation with net cash from operating activities of £14.3 million (compared to £15.0 million in 2024).
4. **Investments**The company continues to invest in sales resources, plant, and machinery to enhance efficiency and support local manufacturing. This includes a factory extension at Solite in Manchester and new machinery at Thorlux and Zemper.
5. **Sustainability**FW Thorpe remains committed to sustainability, which appeals to customers and reduces operating costs.
6. **Acquisitions**The Board has explored acquisition opportunities but has not found any that meet its requirements, leading to a build-up in cash reserves.
7. **Outlook**The second half of the year is expected to remain challenging due to market conditions, but the company is focused on growth across all segments.
**Chairmans Statement**
Mike Allcock, Chairman, highlighted the stable performance and the Boards commitment to investing in the business for long-term growth. He noted the strong performance of Famostar and Zemper, while acknowledging challenges in Germany. The Board remains focused on improving margins and winning more orders despite ongoing market conditions.
**Conclusion**
FW Thorpe Plc delivered a resilient performance in the first half of 2025, with steady profits and increased dividends. The company continues to invest in its operations and remains optimistic about its long-term prospects, despite near-term market challenges.
Here’s an HTML table comparing the year-on-year financials and debt for FW Thorpe Plc based on the provided text:
MetricInterim 2026 (unaudited)Interim 2025 (unaudited)Change
Amount (£'000)%Amount (£'000)%%
Revenue81,741100.0%83,761100.0%-2.4%
Operating Profit (before acquisition adjustments)12,50115.3%12,59915.0%-0.8%
Operating Profit11,57514.2%11,53713.8%+0.3%
Profit Before Tax11,56514.1%11,21713.4%+3.1%
Basic Earnings per Share (pence)7.867.65+2.7%
Interim Dividend per Share (pence)1.811.76+2.8%
Special Dividend per Share (pence)2.600.00N/A
Net Cash from Operating Activities (£'000)14,31215,006-4.6%
Total Debt (£'000)52,48756,621-7.3%
### Key Notes: 1. **Revenue and Profit Metrics**: Revenue decreased by 2.4%, while operating profit and profit before tax showed marginal changes. 2. **Dividends**: Interim dividend increased by 2.8%, and a special dividend of 2.60p was introduced in 2026. 3. **Cash Flow**: Net cash from operating activities decreased by 4.6%. 4. **Debt**: Total debt decreased by 7.3% year-on-year. This table provides a clear comparison of key financial metrics and debt levels between the two interim periods.
HSD logo
Results 06:01
HSD

Interim Results

Hansard Global Plc

**Summary of Hansard Global plc Interim Results for H1 2026**
**Financial Performance**
**Profit Before Tax** Increased significantly to £2.6 million in H1 2026, up from £0.5 million in H1 2025, driven by strong global equity markets, disciplined cost management, reduced litigation expenses, and one-off income items.
**New Business Sales (PVNBP)** Remained stable at £49.2 million, compared to £49.1 million in H1 2025, with a shift in momentum from Q1 to Q2 due to product enhancements and improved distributor engagement.
**Assets Under Administration (AUA)** Grew by 8% to £1.2 billion since June 2025, reflecting positive market movements and inflows into the single premium proposition.
**Interim Dividend** Maintained at 1.8p per share, consistent with previous years.
**Strategic and Operational Highlights**
**Product Enhancements** Expanded ETF range, improved segmentation features, and introduced multi-beneficiary capabilities and alternative charging structures, leading to a sales rebound in Q2.
**Japan Market Entry** Successfully launched the Japan proposition shortly after the period end, marking a significant strategic milestone. Initial volumes are modest but expected to grow.
**Cost Management** Expenses decreased by 4% to £17.7 million, primarily due to lower litigation costs and continued cost discipline.
**Capital Position** The Group remains strongly capitalized, operating well <mark style="background-color:yellow">above</mark> regulatory solvency requirements.
**New Business Breakdown**
**Single Premium Sales** Increased by 9% to £34.6 million, offsetting a 15% decline in regular premium sales to £14.6 million.
**Geographical Performance** Growth was notable in the Far East, particularly in the Philippines, Malaysia, and Thailand, supported by improved distributor engagement and product enhancements.
**Outlook**
**Positive Trajectory** The Group expects an uplift in full-year profitability, supported by improving sales momentum, strengthening distributor relationships, and the successful launch in Japan.
**Strategic Focus** Continued emphasis on evolving the proposition, expanding international reach, and leveraging the operating platform to drive sustainable growth.
**Chairmans Statement**
**Momentum** The Group enters H2 with growing momentum, supported by product enhancements, international expansion, and improved profitability.
**Dividend** The Board declared an interim dividend of 1.8p per share, reflecting confidence in the Groups financial position and future prospects.
**Risk Management and Internal Control**
**Enterprise Risk Management (ERM)** The Group maintains a comprehensive ERM framework to identify, assess, and manage risks, ensuring robust governance and strategic decision-making.
**Principal Risks** Key risks include distribution, market, credit, liquidity, insurance, legal/regulatory, operational resilience, employee engagement, corporate sustainability, and cyber/information security risks.
**Conclusion**
Hansard Global plc demonstrated resilience and strategic progress in H1 2026, with improved financial performance, successful product and market initiatives, and a strong capital position. The Group is well-positioned for continued growth and value creation in the second half of the year and beyond.
Here is a comparison of the financials and debt year on year for Hansard Global PLC, presented as an HTML table: td>-6.8%
MetricH1 2026H1 2025Change
New Business Sales (PVNBP)£49.2m£49.1m0.2%
New Business Sales (APE)£6.8m£7.3m
IFRS Profit Before Tax£2.6m£0.5m420%
IFRS Fees and Commissions£22.2m£21.3m4%
IFRS Administrative and Other Expenses£17.7m£18.4m-4%
IFRS Basic Earnings Per Share1.9p0.3p533%
Interim Dividend1.8p1.8p0%
Assets under Administration£1.2b£1.1b8%
Value of In-Force£107.0m£103.1m4%
Debt (not explicitly mentioned, but can be inferred from cash flow)No significant debt mentionedNo significant debt mentionedN/A
**Notes:** * The debt column is not explicitly mentioned in the provided text, but it can be inferred from the cash flow statement that there is no significant debt. The company has a strong capital position with significant levels of liquidity and cash, and no borrowings are mentioned. * The change in IFRS Profit Before Tax is calculated as ((£2.6m - £0.5m) / £0.5m) x 100%. * The change in IFRS Basic Earnings Per Share is calculated as ((1.9p - 0.3p) / 0.3p) x 100%. This table provides a clear comparison of the key financials and debt (or lack thereof) for Hansard Global PLC between H1 2026 and H1 2025.
ADM logo
Results 06:01
ADM

Admiral Group Plc Full Year 2025 Results

Admiral Group PLC

**Summary of Admiral Group PLC Full Year 2025 Results**
**Financial Highlights**
**Record Profits** Admiral Group reported record profits for 2025, with a 16% increase in profit before tax to £957.9 million, driven by strong contributions across the Group.
**Earnings Per Share (EPS)** EPS from continuing operations increased by 16% to 247.4p.
**Dividend Per Share** Dividend per share rose by 7% to 205.0p.
**Insurance Revenue** Insurance revenue grew by 9% to £4.98 billion.
**Customer Growth** Group risks increased by 7% to 11.8 million, with UK insurance risks up 9% to 9.6 million.
**Admiral Money** Gross loan balances increased by 24% to £1.46 billion.
**Solvency Ratio** The solvency ratio (post-dividend) decreased slightly to 193% from 203%.
**Operational Highlights**
**UK Motor Performance** UK Motor delivered an exceptional performance, surpassing £1 billion in profit.
**Diversification** Other UK personal lines, Admiral Money, and European Motor operations collectively generated nearly £100 million in profit, with strong results in France and a rapid recovery in Italy.
**Customer Focus** Continued investment in digital journeys, app functionality, and product development improved customer experiences, reflected in strong service outcomes and Net Promoter Scores <mark style="background-color:yellow">above</mark> 50.
**Strategic Acquisitions and Integrations:** Completed the integration of More Than and announced plans to acquire Flock, a digital fleet insurer, to expand into attractive markets.
**Technology and Innovation** Increased investment in technology, data, and artificial intelligence, including the establishment of a GenAI Centre of Excellence, showing early signs of improved efficiency and customer outcomes.
**Strategic Refresh**
**Three-Pillar Strategy**
1. **Scaling Selectively** Continue growing UK Motor with discipline while improving margins in newer lines.
2. **Future-Proofing Competitive Advantage:** Leverage cost-effective operations, data, and GenAI to increase customer lifetime value and resilience.
3. **Amplifying Admiral DNA** Evolve culture, develop people, and positively impact communities.
**Leadership Changes**
**CFO Transition** Geraint Jones retired as Group CFO, succeeded by Rachel Lewis, who brings deep business knowledge and leadership experience.
**Financial Position and Capital Management:**
**Strong Financial Position** The Group maintains a strong financial position with prudent reserves and a refreshed capital return policy, offering flexibility for future investments and shareholder returns.
**Sustainability and Community Impact**
**Environmental and Social Initiatives** Committed to positively impacting the environment and communities, including partnerships for natural flood management initiatives.
**Conclusion**
Admiral Group’s 2025 results highlight its robust performance, strategic advancements, and commitment to innovation and customer satisfaction. The Group is well-positioned for future growth, supported by a refreshed strategy, strong financial health, and a focus on sustainable value creation.
Here is the HTML table code comparing the financials and debt year on year for Admiral Group PLC: td>-10pts
Metric20252024Change
Group profit before tax from continuing operations (£m)957.9826.5+16%
Earnings per share from continuing operations (pence)247.4212.8+16%
Dividend per share (pence)205.0192.0+7%
Group turnover (£bn)5.905.95-1%
Insurance revenue (£bn)4.984.55+9%
Group risks (million)11.811.0+7%
Admiral Money gross loan balances (£bn)1.461.17+24%
Solvency ratio (post-dividend)193%203%
**Notes:** * The table compares key financial metrics for Admiral Group PLC between 2025 and 2024. * The data is extracted from the provided text, which appears to be an annual report or financial statement. * The "Change" column shows the percentage change between 2025 and 2024 for each metric. * The table is formatted using HTML tags for a clear and concise presentation.
Significant 0 news titles 0

No news for this category in the selected date range.

Speculation 1 news title 1
SNR logo
Speculation 06:01
SNR

Announcement Regarding Media Speculation

Senior PLC

**Summary**
Senior PLC issued a statement on March 4, 2026, addressing media speculation regarding a possible takeover offer. The company confirmed receiving a preliminary, non-binding all-cash offer from Arcline Investment Management, L.P. on February 21, 2026, to acquire its entire issued and to-be-issued share capital. Discussions with Arcline and other potential offerors are ongoing, but there is no certainty that an offer will be made or its terms.
In compliance with the City Code on Takeovers and Mergers, Arcline must announce a firm intention to make an offer or confirm it does not intend to proceed by April 1, 2026. Senior PLC emphasized that this announcement was made without Arclines consent and provided contact details for inquiries. The company also disclosed its issued share capital and regulatory information, ensuring transparency for stakeholders.
Speculation
Strategic 0 news titles 0

No news for this category in the selected date range.

Suspension 1 news title 1
TR1 43 news titles 43
IPF logo
TR1 16:37
IPF

Holding(s) in Company

International Personal Finance PLC

TR1 Buy
['Bank of America Corporation', '2.067629', '1.714699']
MTU logo
TR1 15:58
MTU

Holding(s) in Company

Montanaro UK Smaller Companies Investment Trust PLC

TR1 Buy
['Montanaro Asset Management Limited', '11.910000', '10.080000']
BRBY logo
TR1 15:41
BRBY

Holding(s) in Company

Burberry Group PLC

<mark style="background-coloryellow">TR1</mark> Buy
['BlackRock, Inc.', '4.620000', 'Below 5']
BGUK logo
TR1 15:17
BGUK

Holding(s) in Company

Baillie Gifford UK Growth Fund PLC

TR1 Buy
['City of London Investment Management Company Limited', '16.020000', '15.930000']
GEN logo
TR1 13:42
GEN

Holding(s) in Company

Genuit Group plc

TR1 Buy
['Wellington Management International Ltd', '5.150000', '4.370000']
OXIG logo
TR1 13:41
OXIG

Holding(s) in Company

Oxford Instruments PLC

TR1 Buy
['Artemis Investment Management LLP', '14.33528', '14.712170']
NAVF logo
TR1 10:38
NAVF

Holding(s) in Company

Nippon Active Value Fund Plc

TR1 Buy
['Azvalor Asset Management SGIIC SA', '6.203000', '5.110000']
BYIT logo
TR1 09:31
BYIT

Holding(s) in Company

Bytes Technology Ltd

<mark style="background-coloryellow">TR1</mark> Buy
['JPMorgan Chase & Co.', '0.344625', 'Below Minimum Threshold']
IPF logo
TR1 08:59
IPF

Holding(s) in Company

International Personal Finance PLC

TR1 Buy
['JPMorgan Chase & Co.', '0.000000', '0.292760']
Takeover 0 news titles 0

No news for this category in the selected date range.

Understanding 0 news titles 0

No news for this category in the selected date range.

Updates 18 news titles 18
AMG logo
Updates 11:31
AMG

UPSA Update

Atlas Metals Group plc

**Summary**
Atlas Metals Group PLC (LONAMG) provided an update on its proposed acquisition of Universal Pozzolanic Silica Alumina Ltd (UPSA), which is progressing as expected. UPSAs recent press release highlighted significant developments since the announcement of the reverse takeover (RTO) by Atlas Metals in June 2025. Key points include
1. **Resource Valuation and Upgrade**An independent assessment by SLR Consulting valued UPSAs pozzolanic silica alumina (PSA) resources at Warialda, Australia, at AUS$3.4 billion (£1.7 billion). The resources have been upgraded to the "Measured" category, with 86.5 million tonnes of PSA identified in Lots 7 & 8, exceeding the 25-year sales target of 75 million tonnes.
2. **Extraction and Transportation**UPSA is working to secure a State Significant Development (SSD) permit to increase annual extraction limits from 35,000 to 3 million metric tonnes. Plans for a railway spur will reduce transportation costs and increase sales capacity.
3. **Short-Term Operations**UPSA has engaged a local quarry operator for immediate extraction and delivery of PSA to Brisbane port, ensuring profitability despite higher costs.
4. **Market Opportunities**UPSA targets global markets, particularly the UK, North America, and Europe, leveraging PSAs ability to replace 40% of cement in concrete production, reducing carbon emissions and generating carbon credits.
5. **Strategic Planning**UPSA has developed a detailed 10-year operating plan with a multinational consulting firm, focusing on the global concrete sector.
6. **Carbon Credits and Accreditation**UPSA is working with Verra to accredit carbon credits from PSA use, enhancing its value proposition.
7. **Future Prospects**UPSA aims to become a leading player in the global concrete and aggregate sector, with plans to list on the London Stock Exchange post-RTO to access global capital markets.
The acquisition remains on track, with further updates expected as progress continues.
The provided text does not contain specific financial or debt data for a year-on-year comparison. It is primarily a press release discussing the progress of Atlas Metals Group PLC's proposed acquisition of Universal Pozzolanic Silica Alumina Ltd (UPSA), including updates on resource valuations, operational plans, and market opportunities. Since there are no financial or debt figures provided, I cannot create a year-on-year comparison table. However, if you have specific financial data (e.g., revenue, net income, debt levels) for different years, I can help you create an HTML table for comparison. Below is an example template for such a table:
MetricYear 2024Year 2025Year 2026
Revenue£X,XXX,XXX£X,XXX,XXX£X,XXX,XXX
Net Income£X,XXX,XXX£X,XXX,XXX£X,XXX,XXX
Total Debt£X,XXX,XXX£X,XXX,XXX£X,XXX,XXX
If you provide the actual financial and debt figures, I can populate this table accordingly. Let me know how you'd like to proceed!
HCM logo
Updates 10:01
HCM

2025 Full Year Results and Business Updates

HUTCHMED China Ltd

**Summary of HUTCHMED (China) Limiteds 2025 Full Year Results and Business Updates**
HUTCHMED (China) Limited reported robust financial and operational performance for the year ended December 31, 2025, highlighting significant advancements in its pipeline, commercial expansion, and financial health.
**Financial Highlights**
**Net Income** $456.9 million, driven by profitable core operations and a $415.8 million divestment gain from the partial sale of SHPL.
**Revenue** $548.5 million, down 13% from 2024 due to lower oncology product revenue in China and reduced milestone payments.
**In-Market Sales** $524.7 million, up 5%, with FRUZAQLA® (fruquintinib ex-China) sales by Takeda rising 26% to $366.2 million, offset by declines in ELUNATE® and ORPATHYS® in China.
**Cash Position** $1.4 billion, bolstered by divestment proceeds and operational cash flows.
**Commercial Progress**
**FRUZAQLA®** Strong global growth, with approvals in 38 countries and launches in Europe, Asia, and the Americas.
**ELUNATE®** Sales stabilized in H2 2025 after initial headwinds, supported by refocused commercial strategies.
**ORPATHYS®** Triggered an $11.0 million milestone payment from AstraZeneca for China approval in lung cancer.
**Pipeline Advances**
**ATTC Platform** Initiated first clinical trial for HMPL-A251 in December 2025, with HMPL-A580 and HMPL-A830 trials progressing.
**Late-Stage Programs** Positive Phase III results for FRUSICA-2 (RCC), ESLIM-02 (wAIHA), and SULANDA®-based combinations, leading to regulatory filings and approvals.
**Regulatory Milestones** Savolitinib approvals in China and Switzerland, fanregratinib NDA acceptance, and tazemetostat conditional approval.
**Strategic Initiatives**
**Partnerships** Exploring collaborations with multinational pharmaceutical companies for ATTC candidates.
**Sustainability** Achieved ESG recognition with A ratings from MSCI and Wind, and inclusion in the S&P Global Sustainability Yearbook 2025.
**Leadership and Outlook**
**Management** Restructured commercial team to drive growth, with significant improvements in H2 2025.
**Guidance** 2026 oncology/immunology revenue projected at $330–$450 million, supported by FRUZAQLA® expansion and new partnerships.
HUTCHMED remains focused on innovation, global expansion, and financial sustainability, positioning itself as a leader in novel cancer therapies.
Below is the HTML table code comparing the financials and debt year on year based on the provided text:
Metric2025 ($ in millions)2024 ($ in millions)Change
Revenue548.5630.2-13%
Oncology/Immunology Revenue285.5363.4-21%
Other Ventures Revenue263.0266.8-1%
Net Income456.937.7+1116%
Cash, Cash Equivalents & Short-Term Investments1,367.3836.1+63%
Total Assets1,753.11,274.2+38%
Total Liabilities501.8502.3-0.1%
R&D Expenses148.3212.1-30%
S&A Expenses103.0112.9-9%
Gain on Divestment (SHPL)415.8-N/A
### Key Notes: 1. **Revenue**: Decreased by 13% year-on-year, primarily due to lower oncology/immunology revenue. 2. **Net Income**: Significantly increased due to a $415.8 million divestment gain from SHPL. 3. **Cash Position**: Improved by 63% due to the divestment proceeds. 4. **R&D Expenses**: Reduced by 30% as higher-cost late-stage trials were completed. 5. **Debt (Bank Borrowings)**: Increased slightly from $82.8 million to $93.2 million. This table provides a concise comparison of key financial metrics between 2025 and 2024.
HTG logo
Updates 06:03
HTG

Cost Reduction Plan & Update to Capital Allocation

Hunting PLC

**Summary**
Hunting PLC, a global precision engineering group, announced updates to its cost reduction plans and capital allocation priorities as part of its Hunting 2030 Strategy. Key highlights include
1. **Cost Reduction Plan**
A cost reduction program running through 2027 aims to increase profitability and streamline centralized costs, with projected savings of approximately $15 million, in addition to the $20 million already saved through restructuring efforts in the Hunting Titan and EMEA segments.
The closure of the Fordoun, Aberdeen site by June 2026 and the implementation of regional shared-service functions in Europe and North America are expected to contribute to ongoing SG&A cost savings.
2. **Capital Allocation Update**
A proposed $40 million Share Buyback program will be executed over two years (until March 2028), with $20 million targeted annually. This aligns with the company’s balanced capital allocation strategy, matching proposed dividend distributions.
The buyback reflects confidence in cash generation and aims to enhance shareholder returns.
3. **Strategic Focus**
Hunting remains committed to maximizing profitability, cash generation, and pursuing growth opportunities through its key products and technology offerings as part of its 2030 Strategy.
CEO Jim Johnson emphasized the company’s focus on profitability, cash generation, and shareholder returns, highlighting the extension of ambitions to 2028 with the new buyback program. Hunting PLC operates globally, with segments across North America, EMEA, Asia Pacific, and product groups including OCTG, Perforating Systems, and Subsea Technologies.
Below is the HTML table code comparing the financials and debt year-on-year based on the provided text. Since the text does not explicitly provide detailed financial or debt figures for specific years, the table is structured to reflect the key financial initiatives and their timelines as mentioned in the announcement.
Metric20242025202620272028
Cost Reduction Initiatives$20 million (restructuring started)Regional shared-service functions implemented in Q4$20 million savings realized by JuneAdditional $15 million savings ongoingTotal $15 million annual savings expected
Share Buyback ProgrammeN/AN/ANew $40 million programme announced$20 million targeted$20 million targeted (completion)
Capital Allocation FocusRestructuring and profitabilityShared-service implementationShare buyback and growth opportunitiesBalanced capital allocationReturns to shareholders
### Explanation: 1. **Cost Reduction Initiatives**: The table highlights the cost savings and restructuring efforts across the years, as mentioned in the text. 2. **Share Buyback Programme**: The $40 million share buyback programme is spread over 2026 to 2028, with $20 million targeted per year. 3. **Capital Allocation Focus**: The table summarizes the shifting focus of capital allocation over the years, from restructuring to shareholder returns. This table provides a structured overview of the key financial and strategic initiatives mentioned in the announcement.
BMY logo
Updates 06:01
BMY

Trading Update

Bloomsbury Publishing Plc

**Summary**
Bloomsbury Publishing PLC released a trading update on March 5, 2026, highlighting strong performance and future growth prospects. Key points include
1. **Sarah J. Maas New Releases** Bestselling author Sarah J. Maas announced the publication dates for the next two novels in her *A Court of Thorns and Roses* (ACOTAR) series: October 27, 2026, and January 12, 2027. This unprecedented move of publishing two novels within 11 weeks is expected to drive significant excitement and sales.
2. **Financial Performance**
**FY 2025/26** Group profit is in line with market consensus expectations (£44.3m), supported by a strong Academic division and Bloomsburys diversified portfolio strategy.
**FY 2026/27** Group profit is now expected to be materially ahead of market consensus (£44.5m), largely due to the anticipated success of Maas new releases.
3. **Author and Company Highlights**
Sarah J. Maas was the highest-selling author in the U.S. in 2024 and the No.1 bestselling Fantasy author in the UK in 2025.
Bloomsbury has published all 16 of Maas previous novels, reinforcing their strong partnership.
4. **Future Updates** Further details on trading and outlook will be provided in the Companys Preliminary Results announcement on May 20, 2026.
The announcement also includes standard disclaimers regarding forward-looking statements, inside information, and the use of data by RNS.
The provided text does not contain detailed financial or debt data for a year-on-year comparison. However, it does mention market consensus expectations for profit before taxation for the years ending 28 February 2026 and 28 February 2027. Below is an HTML table summarizing the available information:
Financial YearProfit Before Taxation (£m)Notes
2025/26 (Ended 28 Feb 2026)£44.3mIn line with market consensus expectations
2026/27 (Ending 28 Feb 2027)£44.5mExpected to be materially ahead of market consensus expectations
Since there is no specific debt data provided in the text, the table focuses solely on the profit before taxation figures mentioned. If additional financial or debt data becomes available, the table can be expanded accordingly.
FSFL logo
Updates 06:01
FSFL

Q4 2025 Trading Update and Net Asset Value

Foresight Solar Fund Ltd

**SummaryForesight Solar Fund Limited Q4 2025 Trading Update and Net Asset Value**
Foresight Solar Fund Limited (FSFL) released its Q4 2025 trading update and net asset value (NAV) report on March 5, 2026, highlighting key developments and financial performance. The unaudited NAV as of December 31, 2025, stood at £545.9 million, down from £564.5 million in September 2025, resulting in a NAV per share of 99.2 pence (previously 102.1 pence).
**Key Highlights**
1. **Operational Performance** Strong UK irradiation in 2025 boosted electricity production by 3.4% <mark style="background-color:yellow">above</mark> budget. An independent review of the UK portfolio revised the energy yield forecast upward by 2.8%, affirming the portfolios high operational standards.
2. **Battery Storage** The commissioning commissioningcommissioncommissioncommissioncommissioncommission commissioning commissioning commissioning commissioning **.0.T.
Below is the HTML table code comparing the financials and debt year on year based on the provided text:
Metric31 December 202530 September 2025Change
Net Asset Value (NAV)£545.9 million£564.5 million-£18.6 million
NAV per Ordinary Share99.2 pence102.1 pence-2.9 pence
Gross Asset Value (GAV)£928.2 million£969.4 million-£41.2 million
Total Outstanding Debt£382.3 million£404.9 million-£22.6 million
Debt as % of GAV41.2%41.8%-0.6%
RCF Balance Drawn£72.7 million£91.7 million-£19.0 million
UK Portfolio Valuation (£m/MWp)0.971.09-0.12
### Key Notes: 1. **NAV and NAV per Share**: Both decreased from September to December 2025, primarily due to factors like tax review adjustments, Australian curtailment, and ROC/FiT inflation indexation. 2. **GAV and Debt**: GAV decreased, while total debt also reduced, keeping the debt-to-GAV ratio relatively stable. 3. **RCF Balance**: The Revolving Credit Facility (RCF) balance drawn decreased by £19.0 million. 4. **UK Portfolio Valuation**: The valuation per MWp decreased from 1.09 to 0.97. This table provides a clear comparison of key financial and debt metrics between the two periods.
SMWH logo
Updates 06:01
SMWH

Trading update

WH Smith PLC

**Summary**
WH Smith PLC released a trading update for the 26-week period ending February 28, 2026, reporting a solid first-half performance with total revenue up 5% on a constant currency basis compared to the previous year. Key highlights include
1. **UK Performance**Total revenue increased by 2%, with like-for-like (LFL) revenue also up 2%. The Air segment saw a 1% total revenue increase and a 2% LFL rise, despite temporary store closures at Heathrow Airport due to ongoing investments. The Hospital channel performed well with a 7% total revenue increase and 4% LFL growth, while Rail revenue was flat with a 2% LFL decline.
2. **North America Performance**Total revenue grew by 10% (constant currency), with LFL revenue up 1%. The Air segment, particularly Travel Essentials, saw strong growth (22% total revenue, 6% LFL), driven by new store openings and higher passenger spend. However, the InMotion business continued to struggle, with a 1% total revenue decline and a 4% LFL drop, prompting an ongoing portfolio review. The Resorts business declined by 6% in both total and LFL revenue due to reduced Las Vegas visitor numbers, leading to the closure of 3 fashion stores.
3. **Rest of the World and Other**Revenue increased by 8% (constant currency) and 6% LFL, supported by new store openings in the prior year. The company closed 4 uneconomic stores at Düsseldorf Airport and plans to exit sub-scale markets as contracts expire.
4. **Outlook**WH Smith is on track to meet its full-year guidance despite geopolitical uncertainties in the Middle East affecting passenger numbers. The company remains focused on strategic priorities, cost control, and cash discipline. Interim results will be announced on April 23, 2026.
**Contact Details**Investor and media relations contacts are provided for further inquiries.
Below is the HTML table code comparing the financials and debt year-on-year based on the provided text. Since the text does not explicitly mention debt figures, the table focuses on revenue comparisons across regions and channels. < lang="en">WH Smith PLC Financials Comparison

WH Smith PLC Financials Comparison (26 Weeks to 28 February 2026 vs 2025)

Region/ChannelTotal Revenue vs 2025Constant Currency vs 2025LFL Revenue vs 2025
Group5%5%2%
UK2%2%2%
- Air1%1%2%
- Hospital7%7%4%
- Rail1%1%-2%
North America5%10%1%
- Air15%15%N/A
- Travel Essentials22%22%6%
- InMotion-1%-1%-4%
- Resorts-6%-6%-6%
Rest of the World and Other11%8%6%

Note: Debt figures are not provided in the text, so they are not included in the comparison.

### Key Points: 1. **Structure**: The table is structured to compare total revenue, constant currency revenue, and like-for-like (LFL) revenue across regions and channels. 2. **Styling**: Basic CSS is included for table formatting. 3. **Debt**: Since debt figures are not mentioned in the text, a note is added to clarify their exclusion. This HTML code can be directly used to display the financial comparison on a webpage.
Vaccine 0 news titles 0

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Wins 1 news title 1
IHC logo
Wins 06:01
IHC

UK neonatal division wins NHS framework agreement

Inspiration Healthcare Group PLC

Inspiration Healthcare Group PLC, a global medical technology company specializing in neonatal intensive care devices, has secured a renewed four-year NHS framework agreement as an approved supplier of respiratory care units for newborns in England and Wales. The company has also been ranked as the **number one neonatal ventilator supplier** for the 2025/26 period within the NHS framework. This agreement
* **Strengthens market position** Reinforces Inspiration Healthcares leadership in neonatal ventilation across England and Wales.
* **Enhances revenue visibility** Provides medium-term revenue stability within the UK market.
* **Supports ongoing sales** Boosts sales of capital equipment, consumables, and service revenue streams.
* **Improves competitive advantage** Strengthens the companys position in future NHS procurement cycles.
The agreement ensures NHS Trusts have streamlined access to Inspiration Healthcares neonatal respiratory and critical care solutions, promoting procurement efficiency and regulatory compliance. CEO Raffi Stepanian highlighted the companys commitment to innovation and improving clinical outcomes in neonatal intensive care. This strategic win is expected to drive market share growth and long-term shareholder value.
Wins
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2026-03-05
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2026-03-05 32 picks
80 Positive
GRP
Greencoat Renewables PLC
Positive
New Green Digital Infrastructure Platform Launch
**Summary:** Greencoat Renewables PLC announced the launch of a new **Green Digital Infrastructure Platform** on March 5, 2026, focusing on renewable energy-powered data centers to support AI-driven growth. The platform’s inaugural investment is **Drogheda Energy Park** in Ireland, a brownfield site near Drogheda Port, which will integrate flexible renewable energy generation, storage, and grid services. This 50:50 joint venture with Schroders Greencoat’s SCSL Global Energy Infrastructure aims to capitalize on Ireland’s emerging digital infrastructure cycle, supported by the government’s **Large Energy-Users Action Plan (LEAP)**. Drogheda Energy Park, with its advanced planning consent for a 36MW data center, will source renewable energy via corporate PPAs, contributing to Ireland’s net-zero goals while boosting regional investment and employment. Greencoat Renewables leverages its expertise in renewable energy and grid infrastructure to address the complex energy demands of hyperscalers and large digital infrastructure projects. The platform plans to expand further into Ireland and other European markets.
**Summary**
Greencoat Renewables PLC announced the launch of a new **Green Digital Infrastructure Platform** on March 5, 2026, focusing on renewable energy-powered data centers to support AI-driven growth. The platform’s inaugural investment is **Drogheda Energy Park** in Ireland, a brownfield site near Drogheda Port, which will integrate flexible renewable energy generation, storage, and grid services. This 50:50 joint venture with Schroders Greencoat’s SCSL Global Energy Infrastructure aims to capitalize on Ireland’s emerging digital infrastructure cycle, supported by the government’s **Large Energy-Users Action Plan (LEAP)**. Drogheda Energy Park, with its advanced planning consent for a 36MW data center, will source renewable energy via corporate PPAs, contributing to Ireland’s net-zero goals while boosting regional investment and employment. Greencoat Renewables leverages its expertise in renewable energy and grid infrastructure to address the complex energy demands of hyperscalers and large digital infrastructure projects. The platform plans to expand further into Ireland and other European markets.
Launch
06:03
Open Terminal ↗ RNS Source
80 Positive
GFTU
Grafton Group plc
Positive
Share Buyback Programme
**Summary:** Grafton Group plc, a European multinational distributor of construction-related products and solutions, announced on March 5, 2026, its intention to launch a new share buyback programme. The company has entered into non-discretionary arrangements with Goodbody Stockbrokers UC and Deutsche Bank AG to repurchase ordinary shares for a maximum aggregate consideration of £25 million. The buyback programme will commence on March 5, 2026, and is expected to end by August 31, 2026, subject to market conditions. Under the programme, up to 15,611,936 shares will be repurchased on the London Stock Exchange and subsequently cancelled, with the aim of reducing the companys share capital. The buyback will comply with relevant regulations, including the Market Abuse Regulation and UK Financial Conduct Authority rules. The company will provide further updates on the progress of the buyback programme, although there is no guarantee it will be fully implemented. **Key Points:** - Grafton Group plc announces a new share buyback programme. - Maximum aggregate consideration: £25 million. - Programme duration: March 5, 2026 – August 31, 2026 (subject to market conditions). - Maximum number of shares to be repurchased: 15,611,936. - Shares will be repurchased on the London Stock Exchange and cancelled. - Compliance with Market Abuse Regulation and UK FCA rules. - No guarantee of full implementation.
**Summary**
Grafton Group plc, a European multinational distributor of construction-related products and solutions, announced on March 5, 2026, its intention to launch a new share buyback programme. The company has entered into non-discretionary arrangements with Goodbody Stockbrokers UC and Deutsche Bank AG to repurchase ordinary shares for a maximum aggregate consideration of £25 million. The buyback programme will commence on March 5, 2026, and is expected to end by August 31, 2026, subject to market conditions.
Under the programme, up to 15,611,936 shares will be repurchased on the London Stock Exchange and subsequently cancelled, with the aim of reducing the companys share capital. The buyback will comply with relevant regulations, including the Market Abuse Regulation and UK Financial Conduct Authority rules. The company will provide further updates on the progress of the buyback programme, although there is no guarantee it will be fully implemented.
**Key Points**
Grafton Group plc announces a new share buyback programme.
Maximum aggregate consideration£25 million.
Programme duration: March 52026 – August 312026 (subject to market conditions).
Maximum number of shares to be repurchased: 15,611,936.
Shares will be repurchased on the London Stock Exchange and cancelled.
Compliance with Market Abuse Regulation and UK FCA rules.
No guarantee of full implementation.
BuyBack
06:03
Open Terminal ↗ RNS Source
88 Trading Edge
HTG
Hunting PLC
Positive
Cost Reduction Plan & Update to Capital Allocation
**Summary:** Hunting PLC, a global precision engineering group, announced updates to its cost reduction plans and capital allocation priorities as part of its Hunting 2030 Strategy. Key highlights include: 1. **Cost Reduction Plan**: - A cost reduction program running through 2027 aims to increase profitability and streamline centralized costs, with projected savings of approximately $15 million, in addition to the $20 million already saved through restructuring efforts in the Hunting Titan and EMEA segments. - The closure of the Fordoun, Aberdeen site by June 2026 and the implementation of regional shared-service functions in Europe and North America are expected to contribute to ongoing SG&A cost savings. 2. **Capital Allocation Update**: - A proposed $40 million Share Buyback program will be executed over two years (until March 2028), with $20 million targeted annually. This aligns with the company’s balanced capital allocation strategy, matching proposed dividend distributions. - The buyback reflects confidence in cash generation and aims to enhance shareholder returns. 3. **Strategic Focus**: - Hunting remains committed to maximizing profitability, cash generation, and pursuing growth opportunities through its key products and technology offerings as part of its 2030 Strategy. CEO Jim Johnson emphasized the company’s focus on profitability, cash generation, and shareholder returns, highlighting the extension of ambitions to 2028 with the new buyback program. Hunting PLC operates globally, with segments across North America, EMEA, Asia Pacific, and product groups including OCTG, Perforating Systems, and Subsea Technologies.
**Summary**
Hunting PLC, a global precision engineering group, announced updates to its cost reduction plans and capital allocation priorities as part of its Hunting 2030 Strategy. Key highlights include
1. **Cost Reduction Plan**
A cost reduction program running through 2027 aims to increase profitability and streamline centralized costs, with projected savings of approximately $15 million, in addition to the $20 million already saved through restructuring efforts in the Hunting Titan and EMEA segments.
The closure of the Fordoun, Aberdeen site by June 2026 and the implementation of regional shared-service functions in Europe and North America are expected to contribute to ongoing SG&A cost savings.
2. **Capital Allocation Update**
A proposed $40 million Share Buyback program will be executed over two years (until March 2028), with $20 million targeted annually. This aligns with the company’s balanced capital allocation strategy, matching proposed dividend distributions.
The buyback reflects confidence in cash generation and aims to enhance shareholder returns.
3. **Strategic Focus**
Hunting remains committed to maximizing profitability, cash generation, and pursuing growth opportunities through its key products and technology offerings as part of its 2030 Strategy.
CEO Jim Johnson emphasized the company’s focus on profitability, cash generation, and shareholder returns, highlighting the extension of ambitions to 2028 with the new buyback program. Hunting PLC operates globally, with segments across North America, EMEA, Asia Pacific, and product groups including OCTG, Perforating Systems, and Subsea Technologies.
Below is the HTML table code comparing the financials and debt year-on-year based on the provided text. Since the text does not explicitly provide detailed financial or debt figures for specific years, the table is structured to reflect the key financial initiatives and their timelines as mentioned in the announcement.
Metric20242025202620272028
Cost Reduction Initiatives$20 million (restructuring started)Regional shared-service functions implemented in Q4$20 million savings realized by JuneAdditional $15 million savings ongoingTotal $15 million annual savings expected
Share Buyback ProgrammeN/AN/ANew $40 million programme announced$20 million targeted$20 million targeted (completion)
Capital Allocation FocusRestructuring and profitabilityShared-service implementationShare buyback and growth opportunitiesBalanced capital allocationReturns to shareholders
### Explanation: 1. **Cost Reduction Initiatives**: The table highlights the cost savings and restructuring efforts across the years, as mentioned in the text. 2. **Share Buyback Programme**: The $40 million share buyback programme is spread over 2026 to 2028, with $20 million targeted per year. 3. **Capital Allocation Focus**: The table summarizes the shifting focus of capital allocation over the years, from restructuring to shareholder returns. This table provides a structured overview of the key financial and strategic initiatives mentioned in the announcement.
06:03
Open Terminal ↗ RNS Source
80 Positive
VTU
Vertu Motors Plc
Positive
Share Buyback Programme
**Summary:** Vertu Motors PLC announced a new £12 million share buyback programme on March 5, 2026, reflecting the Boards commitment to increasing capital allocation for buybacks as part of its shareholder return strategy, alongside dividend payments. The programme, executed by broker Shore Capital Stockbrokers Limited, will utilize the companys existing cash resources to repurchase ordinary shares on the London Stock Exchange until February 28, 2027, or until the maximum amount is reached. Repurchased shares will be cancelled. The company has remaining authority to buy back up to 21,696,787 shares and plans to seek renewal of this authority at the 2026 AGM. The programme will comply with UK market regulations, though it may occasionally exceed 25% of daily trading volume, potentially limiting certain regulatory exemptions. Further announcements will follow share repurchase completions, with no guarantee of full implementation. **Key Points:** - £12 million share buyback programme announced. - Repurchases to be executed via Shore Capital until February 28, 2027. - Shares will be cancelled upon repurchase. - Programme aligns with shareholder return strategy, alongside dividends. - Compliance with UK market regulations, with potential exceptions for high trading volume days. - No certainty of full programme implementation.
**Summary**
Vertu Motors PLC announced a new £12 million share buyback programme on March 5, 2026, reflecting the Boards commitment to increasing capital allocation for buybacks as part of its shareholder return strategy, alongside dividend payments. The programme, executed by broker Shore Capital Stockbrokers Limited, will utilize the companys existing cash resources to repurchase ordinary shares on the London Stock Exchange until February 28, 2027, or until the maximum amount is reached. Repurchased shares will be cancelled. The company has remaining authority to buy back up to 21,696,787 shares and plans to seek renewal of this authority at the 2026 AGM. The programme will comply with UK market regulations, though it may occasionally exceed 25% of daily trading volume, potentially limiting certain regulatory exemptions. Further announcements will follow share repurchase completions, with no guarantee of full implementation.
**Key Points**
£12 million share buyback programme announced.
Repurchases to be executed via Shore Capital until February 28, 2027.
Shares will be cancelled upon repurchase.
Programme aligns with shareholder return strategy, alongside dividends.
Compliance with UK market regulations, with potential exceptions for high trading volume days.
No certainty of full programme implementation.
BuyBack
06:02
Open Terminal ↗ RNS Source
80 Positive
CABP
CAB Payments Holdings Ltd
Positive
Further response to firm offer announcement
CAB Payments Holdings PLC has issued a further response to the firm offer announcement by the Helios Consortium, reiterating its stance that the offer is highly opportunistic and fundamentally undervalues the company. The Independent Board of CAB Payments has unanimously recommended that shareholders reject the offer, citing several reasons: 1. **Positive Inflection Point**: CAB Payments FY25 results marked a significant turnaround, with double-digit growth, improved financial performance, and strategic progress. The company has strengthened its client base, diversified its revenue streams, and expanded its global footprint. 2. **Undervaluation**: The Helios Consortiums offer is considered low, with a premium of only around 18% based on the undisturbed share price before the offer announcement. The Independent Board believes this undervalues CAB Payments strategic progress, financial performance, and future prospects. 3. **Long Timeline and Regulatory Hurdles**: The offer process is expected to be protracted, with several material regulatory pre-conditions to be satisfied or waived before the offer document can be published. The timeline may extend into Q2 2027, creating uncertainty for shareholders. 4. **USD Consideration and FX Risk**: The cash offer is denominated in USD, exposing shareholders to foreign exchange rate fluctuations during the prolonged offer period. 5. **Illiquid Share Alternative**: The partial share alternative offered by Helios Consortium includes non-voting, illiquid rollover securities with restrictive transfer conditions and lock-ups, making them difficult to realize. 6. **Confidence in Future Growth**: CAB Payments has updated its medium-term growth guidance, expecting high-teens to low-twenties compound annual growth rate in Total Income (excluding Net Interest Income) over the next three years. The companys strategic initiatives, improved operating leverage, and capital-lite model are expected to drive shareholder value. 7. **Scarcity Value and High Barriers to Entry**: CAB Payments unique position, with deeply embedded central bank relationships and regulatory approvals, creates structural barriers for new entrants and intensifies network effects as payment flows scale. The Independent Board has communicated its rationale for rejecting the offer to the Helios Consortium and has engaged extensively with major shareholders. Shareholders are advised to take no action regarding the offer at this time, as the formal offer document is not expected to be published until regulatory clearances are obtained. The Independent Board will provide a detailed circular to shareholders once the offer document is published, outlining its reasons for recommending rejection.
CAB Payments Holdings PLC has issued a further response to the firm offer announcement by the Helios Consortium, reiterating its stance that the offer is highly opportunistic and fundamentally undervalues the company. The Independent Board of CAB Payments has unanimously recommended that shareholders reject the offer, citing several reasons
1. **Positive Inflection Point**CAB Payments FY25 results marked a significant turnaround, with double-digit growth, improved financial performance, and strategic progress. The company has strengthened its client base, diversified its revenue streams, and expanded its global footprint.
2. **Undervaluation**The Helios Consortiums offer is considered low, with a premium of only around 18% based on the undisturbed share price before the offer announcement. The Independent Board believes this undervalues CAB Payments strategic progress, financial performance, and future prospects.
3. **Long Timeline and Regulatory Hurdles**: The offer process is expected to be protracted, with several material regulatory pre-conditions to be satisfied or waived before the offer document can be published. The timeline may extend into Q2 2027, creating uncertainty for shareholders.
4. **USD Consideration and FX Risk**The cash offer is denominated in USD, exposing shareholders to foreign exchange rate fluctuations during the prolonged offer period.
5. **Illiquid Share Alternative**The partial share alternative offered by Helios Consortium includes non-voting, illiquid rollover securities with restrictive transfer conditions and lock-ups, making them difficult to realize.
6. **Confidence in Future Growth**CAB Payments has updated its medium-term growth guidance, expecting high-teens to low-twenties compound annual growth rate in Total Income (excluding Net Interest Income) over the next three years. The companys strategic initiatives, improved operating leverage, and capital-lite model are expected to drive shareholder value.
7. **Scarcity Value and High Barriers to Entry**: CAB Payments unique position, with deeply embedded central bank relationships and regulatory approvals, creates structural barriers for new entrants and intensifies network effects as payment flows scale.
The Independent Board has communicated its rationale for rejecting the offer to the Helios Consortium and has engaged extensively with major shareholders. Shareholders are advised to take no action regarding the offer at this time, as the formal offer document is not expected to be published until regulatory clearances are obtained. The Independent Board will provide a detailed circular to shareholders once the offer document is published, outlining its reasons for recommending rejection.
Offers
06:02
Open Terminal ↗ RNS Source
80 Positive
GRP
Greencoat Renewables PLC
Positive
Commencement of Share Buyback Programme
**Summary:** Greencoat Renewables PLC announced the commencement of its share buyback programme on March 5, 2026, with an initial tranche of €25 million. This is part of a larger €100 million buyback plan over the next 12 months, aimed at reducing share capital and addressing a significant discount to NAV. The programme will be executed by J&E Davy and RBC Europe Limited on Euronext Dublin, with shares being repurchased and subsequently cancelled. The buyback is authorized under the companys general authority and complies with EU and UK market regulations. Greencoat Renewables, managed by Schroders Greencoat LLP, invests in euro-denominated renewable energy infrastructure assets, primarily in Ireland and select European countries. The programme is expected to run until September 30, 2026, subject to market conditions.
**Summary**
Greencoat Renewables PLC announced the commencement of its share buyback programme on March 5, 2026, with an initial tranche of €25 million. This is part of a larger €100 million buyback plan over the next 12 months, aimed at reducing share capital and addressing a significant discount to NAV. The programme will be executed by J&E Davy and RBC Europe Limited on Euronext Dublin, with shares being repurchased and subsequently cancelled. The buyback is authorized under the companys general authority and complies with EU and UK market regulations. Greencoat Renewables, managed by Schroders Greencoat LLP, invests in euro-denominated renewable energy infrastructure assets, primarily in Ireland and select European countries. The programme is expected to run until September 30, 2026, subject to market conditions.
BuyBack
06:02
Open Terminal ↗ RNS Source
93 Strong Beat
RTO
Rentokil Initial PLC
Positive
Preliminary Results
Rentokil Initial PLC, a global leader in pest control and hygiene services, announced its preliminary results for 2025, highlighting strategic progress and financial performance. Key takeaways include: **Financial Performance:** - **Revenue Growth:** Group revenue increased by 3.8% to $6,908 million, driven by strong demand and pricing across key markets. Organic revenue growth was 2.6%, with improvements in the second half (H2) of the year. - **Profitability:** Adjusted Operating Profit rose by 5.4% to $1,070 million, with a margin of 15.5%. Adjusted Profit Before Tax reached $876 million, and Free Cash Flow increased by 24.5% to $615 million. - **Dividend:** A recommended final dividend of 8.24 cents per share was announced, bringing the total FY25 dividend to 12.39 cents, up 3.0% year-on-year. **Strategic Initiatives:** - **North America Focus:** Rentokil is streamlining its North American operations, aiming to retain 30 brands covering 90% of revenues and expand its branch network to around 800 locations by the end of 2026. This includes a focus on local brands and satellite branches to enhance customer proximity. - **Cost Efficiency:** The company is on track to achieve a $100 million cost reduction in North America by 2027, with $25 million saved in 2025. This is expected to improve the operating margin to <mark style="background-color:yellow">above</mark> 20% by 2027. - **Digital and AI Investment:** Rentokil is investing in data capabilities, product innovation, and AI to drive performance. The Gemini platform and in-house AI tools like RAT-GPT are being rolled out to improve productivity and customer service. **Regional Performance:** - **North America:** Organic Revenue Growth improved to 2.3%, with Pest Control Services showing a strong recovery in Q4. The regions Adjusted Operating Profit margin increased to 17.4%. - **International:** The International segment saw Organic Revenue Growth of 3.0%, with strong performances in the UK, Southern Europe, India, and Indonesia. Adjusted Operating Profit margin was 19.8%. **Outlook:** - Despite geopolitical uncertainties and weather-related disruptions, Rentokil expects FY 2026 financial results to be in line with market expectations. - The company remains focused on executing its strategic initiatives, particularly in North America, to drive growth and improve margins. **Leadership Transition:** - Andy Ransom, CEO, announced his departure, with Mike Duffy appointed as his successor. Ransom expressed gratitude for the teams efforts during his 12-year tenure and confidence in the companys future under new leadership. In summary, Rentokil Initials 2025 results reflect a year of strategic progress, with improved financial performance, particularly in the second half. The company is well-positioned to capitalize on industry growth, driven by its leading market positions and ongoing strategic initiatives, especially in North America.
Rentokil Initial PLC, a global leader in pest control and hygiene services, announced its preliminary results for 2025, highlighting strategic progress and financial performance. Key takeaways include
**Financial Performance**
**Revenue Growth** Group revenue increased by 3.8% to $6,908 million, driven by strong demand and pricing across key markets. Organic revenue growth was 2.6%, with improvements in the second half (H2) of the year.
**Profitability** Adjusted Operating Profit rose by 5.4% to $1,070 million, with a margin of 15.5%. Adjusted Profit Before Tax reached $876 million, and Free Cash Flow increased by 24.5% to $615 million.
**Dividend** A recommended final dividend of 8.24 cents per share was announced, bringing the total FY25 dividend to 12.39 cents, up 3.0% year-on-year.
**Strategic Initiatives**
**North America Focus** Rentokil is streamlining its North American operations, aiming to retain 30 brands covering 90% of revenues and expand its branch network to around 800 locations by the end of 2026. This includes a focus on local brands and satellite branches to enhance customer proximity.
**Cost Efficiency** The company is on track to achieve a $100 million cost reduction in North America by 2027, with $25 million saved in 2025. This is expected to improve the operating margin to <mark style="background-color:yellow">above</mark> 20% by 2027.
**Digital and AI Investment** Rentokil is investing in data capabilities, product innovation, and AI to drive performance. The Gemini platform and in-house AI tools like RAT-GPT are being rolled out to improve productivity and customer service.
**Regional Performance**
**North America** Organic Revenue Growth improved to 2.3%, with Pest Control Services showing a strong recovery in Q4. The regions Adjusted Operating Profit margin increased to 17.4%.
**International** The International segment saw Organic Revenue Growth of 3.0%, with strong performances in the UK, Southern Europe, India, and Indonesia. Adjusted Operating Profit margin was 19.8%.
**Outlook**
Despite geopolitical uncertainties and weather-related disruptions, Rentokil expects FY 2026 financial results to be in line with market expectations.
The company remains focused on executing its strategic initiatives, particularly in North America, to drive growth and improve margins.
**Leadership Transition**
Andy Ransom, CEO, announced his departure, with Mike Duffy appointed as his successor. Ransom expressed gratitude for the teams efforts during his 12-year tenure and confidence in the companys future under new leadership.
In summary, Rentokil Initials 2025 results reflect a year of strategic progress, with improved financial performance, particularly in the second half. The company is well-positioned to capitalize on industry growth, driven by its leading market positions and ongoing strategic initiatives, especially in North America.
Here is the HTML table code comparing the financials and debt year on year for Rentokil Initial PLC:
Metric2025 ($m)2024 ($m)Change (reported) %Change (constant currency) %
Revenue6,9086,6174.4%3.8%
EBITDA1,4301,3654.8%
Operating Profit1,0701,0086.2%5.4%
Profit before Tax8768424.0%4.1%
Free Cash Flow61549424.5%
Net debt3,6504,017
Net debt:EBITDA2.6x2.9x
**Key Observations:** - Revenue increased by 4.4% (reported) and 3.8% (constant currency) from 2024 to 2025. - EBITDA grew by 4.8% from 2024 to 2025. - Operating Profit increased by 6.2% (reported) and 5.4% (constant currency) from 2024 to 2025. - Profit before Tax rose by 4.0% (reported) and 4.1% (constant currency) from 2024 to 2025. - Free Cash Flow significantly improved by 24.5% from 2024 to 2025. - Net debt decreased from $4,017 million in 2024 to $3,650 million in 2025. - Net debt to EBITDA ratio improved from 2.9x in 2024 to 2.6x in 2025. This table provides a concise comparison of key financials and debt metrics for Rentokil Initial PLC between 2024 and 2025.
06:01
Open Terminal ↗ RNS Source
93 Strong Beat
ITV
ITV PLC
Positive
ITV plc Full Year Results 2025
**Summary of ITV PLC Full Year Results 2025 (Released March 2026)** ITV PLC reported a resilient performance for the full year 2025, exceeding market expectations despite a challenging industry backdrop. The company’s **More Than TV** strategy continued to drive transformation, with two-thirds of revenues now coming from ITV Studios and its digital Media & Entertainment (M&E) business. **Key Financial Highlights:** - **Group total external revenue** increased by **1%** to £3.51 billion, with **ITV Studios** revenue growing **5%** to £2.13 billion, driven by strong demand from global streaming platforms. - **Digital revenues** rose **10%** to £614 million, offsetting a **5% decline** in linear advertising revenue. - **Adjusted EBITA** remained stable, down only **1%** to £531 million, supported by **£63 million** in permanent non-content cost savings. - **Adjusted EPS** declined **11%** to 8.5p, while the Board proposed a **5.0p per share** full-year dividend, totaling £190 million. **Business Segments:** - **ITV Studios** outperformed the market, with **10% growth** in external revenue, reflecting its global scale and diversification. Adjusted EBITA margin was **13.9%**, slightly down due to revenue mix changes. - **M&E** saw **16% growth** in ITVX viewing and **12% growth** in digital advertising revenues, though total revenue declined **5%** due to lower linear advertising. **Strategic Progress:** - ITVX successfully drove profitable growth, recouping its entire investment four years ahead of schedule. - The company secured exclusive rights to major sporting events, including the expanded Men’s Football World Cup and all England Men’s rugby matches. - Discussions with Sky regarding a potential sale of the M&E business are ongoing, though no certainty of a transaction exists. **Outlook for 2026:** - ITV Studios is expected to deliver **good revenue growth**, with adjusted EBITA margins at the lower end of the **13%-15%** range. - M&E is forecast to generate strong digital advertising revenue growth, supported by ITVX’s success. - **Q1 2026 TAR** is expected to decline by **2%**, better than anticipated, with advertisers focusing on Q2 and Q3 around the Football World Cup. - An additional **£20 million** in permanent non-content cost savings is planned for 2026, with total content spend around **£1.225 billion**. **Conclusion:** ITV PLC demonstrated its ability to adapt and grow in a rapidly evolving media landscape, with a focus on digital transformation, cost efficiency, and strategic content investments. The company remains confident in its ability to deliver profitable growth and strong cash generation in 2026 and beyond.
**Summary of ITV PLC Full Year Results 2025 (Released March 2026)**
ITV PLC reported a resilient performance for the full year 2025, exceeding market expectations despite a challenging industry backdrop. The company’s **More Than TV** strategy continued to drive transformation, with two-thirds of revenues now coming from ITV Studios and its digital Media & Entertainment (M&E) business.
**Key Financial Highlights**
**Group total external revenue** increased by **1%** to £3.51 billion, with **ITV Studios** revenue growing **5%** to £2.13 billion, driven by strong demand from global streaming platforms.
**Digital revenues** rose **10%** to £614 million, offsetting a **5% decline** in linear advertising revenue.
**Adjusted EBITA** remained stable, down only **1%** to £531 million, supported by **£63 million** in permanent non-content cost savings.
**Adjusted EPS** declined **11%** to 8.5p, while the Board proposed a **5.0p per share** full-year dividend, totaling £190 million.
**Business Segments**
**ITV Studios** outperformed the market, with **10% growth** in external revenue, reflecting its global scale and diversification. Adjusted EBITA margin was **13.9%**, slightly down due to revenue mix changes.
**M&E** saw **16% growth** in ITVX viewing and **12% growth** in digital advertising revenues, though total revenue declined **5%** due to lower linear advertising.
**Strategic Progress**
ITVX successfully drove profitable growth, recouping its entire investment four years ahead of schedule.
The company secured exclusive rights to major sporting events, including the expanded Men’s Football World Cup and all England Men’s rugby matches.
Discussions with Sky regarding a potential sale of the M&E business are ongoing, though no certainty of a transaction exists.
**Outlook for 2026**
ITV Studios is expected to deliver **good revenue growth**, with adjusted EBITA margins at the lower end of the **13%-15%** range.
M&E is forecast to generate strong digital advertising revenue growth, supported by ITVX’s success.
**Q1 2026 TAR** is expected to decline by **2%**, better than anticipated, with advertisers focusing on Q2 and Q3 around the Football World Cup.
An additional **£20 million** in permanent non-content cost savings is planned for 2026, with total content spend around **£1.225 billion**.
**Conclusion**
ITV PLC demonstrated its ability to adapt and grow in a rapidly evolving media landscape, with a focus on digital transformation, cost efficiency, and strategic content investments. The company remains confident in its ability to deliver profitable growth and strong cash generation in 2026 and beyond.
Here is the HTML table code comparing the financials and debt year on year for ITV PLC:
Metric2025 (£m)2024 (£m)Change (£m)Change (%)
ITV Studios total revenue2,1302,038925%
Total advertising revenue1,7231,820(97)(5%)
M&E non-advertising revenue268282(14)(5%)
M&E total revenue1,9912,102(111)(5%)
Total group revenue4,1214,140(19)0%
Group external revenue3,5113,488231%
Total non-advertising revenue2,3982,320783%
ITV Studios adjusted EBITA297299(2)(1%)
M&E adjusted EBITA234250(16)(6%)
Adjusted EBITA531549(18)(3%)
Group adjusted EBITA534542(8)(1%)
Profit before tax (adjusted)448472(24)(5%)
Adjusted EPS (p)8.59.6(1.1)(11%)
Net debt as at 31 December(566)(431)(135)(31%)
**Note:** The table only includes the key financial metrics mentioned in the text. The debt comparison is based on the "Net debt as at 31 December" metric. The table uses a simple border for clarity and includes headers for each column.
06:01
Open Terminal ↗ RNS Source
93 Strong Beat
CABP
CAB Payments Holdings Ltd
Positive
CAB Payments Full Year 2025 Results
CAB Payments Holdings PLC, a specialist bank connecting fast-growing markets to the global financial system, announced its full-year 2025 results, marking a return to profitable growth. Key highlights include: - **Financial Performance**: Total Income increased by 12% year-on-year to £119 million, and Adjusted EBITDA rose by 14% to £35 million. Adjusted EPS grew by 9% to 6.8p, though Reported EPS decreased slightly to 5.4p due to one-off restructuring costs. - **Client and Volume Growth**: Active clients increased to 592, up from 546 in 2024, with client onboarding times reduced by 40%. Wholesale FX & Payment FX volumes grew by 13% to £41.9 billion, and payments processed increased by 19% to 1.2 million transactions. - **Strategic Expansion**: CAB Payments opened new offices in New York and Abu Dhabi, expanding its global footprint. The company also appointed additional US dollar and euro clearing banking partners to enhance operational resilience. - **Capital and Liquidity**: The pro-forma CET1 ratio strengthened to 22.1%, and the balance sheet remains highly liquid with strong NSFR and LCR ratios. - **Outlook**: CAB Payments targets high-teens to low 20s percentage CAGR growth in Total Income (excluding Net Interest Income) over the next three years, driven by increased operational leverage and capital generation. - **Strategic KPIs**: Significant improvements were noted in active clients, total FX volumes, payments processed, and revenue diversification. Trade Finance income grew by 52%, and average deposits increased by 4% to £1.5 billion. - **Management Commentary**: Group CEO Neeraj Kapur emphasized the companys strategic realignment, relationship-led approach, and focus on fast-growing, hard-to-reach markets. The company is investing in its network, people, products, and platform to sustain growth. - **Investor Relations**: CAB Payments hosted webcasts for analysts, institutional investors, and retail investors to discuss the results and future prospects. Overall, CAB Payments demonstrated strong financial and operational performance in 2025, positioning itself for sustained growth in 2026 and beyond.
CAB Payments Holdings PLC, a specialist bank connecting fast-growing markets to the global financial system, announced its full-year 2025 results, marking a return to profitable growth. Key highlights include
**Financial Performance**Total Income increased by 12% year-on-year to £119 million, and Adjusted EBITDA rose by 14% to £35 million. Adjusted EPS grew by 9% to 6.8p, though Reported EPS decreased slightly to 5.4p due to one-off restructuring costs.
**Client and Volume Growth**Active clients increased to 592, up from 546 in 2024, with client onboarding times reduced by 40%. Wholesale FX & Payment FX volumes grew by 13% to £41.9 billion, and payments processed increased by 19% to 1.2 million transactions.
**Strategic Expansion**CAB Payments opened new offices in New York and Abu Dhabi, expanding its global footprint. The company also appointed additional US dollar and euro clearing banking partners to enhance operational resilience.
**Capital and Liquidity**The pro-forma CET1 ratio strengthened to 22.1%, and the balance sheet remains highly liquid with strong NSFR and LCR ratios.
**Outlook**CAB Payments targets high-teens to low 20s percentage CAGR growth in Total Income (excluding Net Interest Income) over the next three years, driven by increased operational leverage and capital generation.
**Strategic KPIs**Significant improvements were noted in active clients, total FX volumes, payments processed, and revenue diversification. Trade Finance income grew by 52%, and average deposits increased by 4% to £1.5 billion.
**Management Commentary**Group CEO Neeraj Kapur emphasized the companys strategic realignment, relationship-led approach, and focus on fast-growing, hard-to-reach markets. The company is investing in its network, people, products, and platform to sustain growth.
**Investor Relations**CAB Payments hosted webcasts for analysts, institutional investors, and retail investors to discuss the results and future prospects.
Overall, CAB Payments demonstrated strong financial and operational performance in 2025, positioning itself for sustained growth in 2026 and beyond.
Here is the HTML table code comparing the financials and debt year on year based on the provided text:
Metric20252024YoY Growth %
Total Income (£m)119.0106.412%
Adjusted EBITDA (£m)35.230.814%
Adjusted EPS (pence)6.86.39%
Reported EPS (pence)5.45.6-4%
Active Clients5925468%
Wholesale FX & Payment FX Volumes (£bn)41.937.213%
Payments Processed (transactions)1.2mN/A19%
Proforma CET1 Ratio (%)22.119.215%
Total CET1 Capital (£m)129.3116.011%
Core Capex (£m)8.612.5-31%
Operating Free Cash Flow (£m)27.215.575%
**Notes:** * The table compares key financial metrics and debt-related figures for CAB Payments Holdings PLC between 2025 and 2024. * The data is extracted from the provided text, which is a news article announcing CAB Payments' full-year 2025 results. * Some metrics, such as Payments Processed, did not have a comparable figure for 2024, so the YoY Growth % is based on the available information. * The table does not include all financial metrics mentioned in the text, but rather focuses on the most relevant ones for comparing financials and debt year on year.
06:01
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88 Trading Edge
BMY
Bloomsbury Publishing Plc
Positive
Trading Update
**Summary:** Bloomsbury Publishing PLC released a trading update on March 5, 2026, highlighting strong performance and future growth prospects. Key points include: 1. **Sarah J. Maas New Releases:** Bestselling author Sarah J. Maas announced the publication dates for the next two novels in her *A Court of Thorns and Roses* (ACOTAR) series: October 27, 2026, and January 12, 2027. This unprecedented move of publishing two novels within 11 weeks is expected to drive significant excitement and sales. 2. **Financial Performance:** - **FY 2025/26:** Group profit is in line with market consensus expectations (£44.3m), supported by a strong Academic division and Bloomsburys diversified portfolio strategy. - **FY 2026/27:** Group profit is now expected to be materially ahead of market consensus (£44.5m), largely due to the anticipated success of Maas new releases. 3. **Author and Company Highlights:** - Sarah J. Maas was the highest-selling author in the U.S. in 2024 and the No.1 bestselling Fantasy author in the UK in 2025. - Bloomsbury has published all 16 of Maas previous novels, reinforcing their strong partnership. 4. **Future Updates:** Further details on trading and outlook will be provided in the Companys Preliminary Results announcement on May 20, 2026. The announcement also includes standard disclaimers regarding forward-looking statements, inside information, and the use of data by RNS.
**Summary**
Bloomsbury Publishing PLC released a trading update on March 5, 2026, highlighting strong performance and future growth prospects. Key points include
1. **Sarah J. Maas New Releases** Bestselling author Sarah J. Maas announced the publication dates for the next two novels in her *A Court of Thorns and Roses* (ACOTAR) series: October 27, 2026, and January 12, 2027. This unprecedented move of publishing two novels within 11 weeks is expected to drive significant excitement and sales.
2. **Financial Performance**
**FY 2025/26** Group profit is in line with market consensus expectations (£44.3m), supported by a strong Academic division and Bloomsburys diversified portfolio strategy.
**FY 2026/27** Group profit is now expected to be materially ahead of market consensus (£44.5m), largely due to the anticipated success of Maas new releases.
3. **Author and Company Highlights**
Sarah J. Maas was the highest-selling author in the U.S. in 2024 and the No.1 bestselling Fantasy author in the UK in 2025.
Bloomsbury has published all 16 of Maas previous novels, reinforcing their strong partnership.
4. **Future Updates** Further details on trading and outlook will be provided in the Companys Preliminary Results announcement on May 20, 2026.
The announcement also includes standard disclaimers regarding forward-looking statements, inside information, and the use of data by RNS.
The provided text does not contain detailed financial or debt data for a year-on-year comparison. However, it does mention market consensus expectations for profit before taxation for the years ending 28 February 2026 and 28 February 2027. Below is an HTML table summarizing the available information:
Financial YearProfit Before Taxation (£m)Notes
2025/26 (Ended 28 Feb 2026)£44.3mIn line with market consensus expectations
2026/27 (Ending 28 Feb 2027)£44.5mExpected to be materially ahead of market consensus expectations
Since there is no specific debt data provided in the text, the table focuses solely on the profit before taxation figures mentioned. If additional financial or debt data becomes available, the table can be expanded accordingly.
06:01
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93 Strong Beat
ENT
Entain PLC
Positive
Final Results
**Summary of Entain PLCs Final Results for FY25:** Entain PLC, a global sports betting and gaming group, reported strong financial results for the year ended December 31, 2025 (FY25), with key highlights as follows: 1. **Financial Performance:** - **Net Gaming Revenue (NGR):** Total Group NGR, including a 50% share of BetMGM, increased by 7% (8% on a constant currency basis) to £5,325.4 million. Excluding BetMGM, Group NGR grew by 3% (4% cc). - **Underlying EBITDA:** Group Underlying EBITDA rose by 8% (cc) to £1,160.1 million, ahead of guidance. Including BetMGM, total Underlying EBITDA was £1,244 million, up 28% (cc). - **BetMGM:** BetMGMs net revenue grew by 33% (cc) to $2,796 million, with EBITDA of $220 million, reflecting its inflection to profitability. - **Adjusted Cashflow:** Adjusted cashflow was £151 million, ahead of expectations, supported by stronger-than-anticipated BetMGM cash distribution and Entain Underlying EBITDA. - **Statutory Loss:** The Group reported a statutory loss after tax of £681 million, primarily due to a £488 million impairment charge related to UK gambling tax increases. 2. **Operational Highlights:** - **Online Performance:** Online NGR (excluding the US) grew by 5% (6% cc), driven by strong volumes and underlying momentum. Online Underlying EBITDA margin expanded to 25.7%. - **Retail Performance:** Retail NGR (excluding the US) declined by 1% (cc), with a focus on market share gains and stable volumes. - **Regional Performance:** Strong growth was seen in the UK & Ireland (+6% cc), International (+2% cc), and CEE (+5% cc) regions. Notable markets included Brazil, Italy, and New Zealand. 3. **Strategic Progress:** - **BetMGM:** BetMGMs profitability supported a $270 million cash distribution to parents and reinforced its pathway to $500 million Adjusted EBITDA by 2027. - **UK Tax Impact:** The Group upgraded its expectations to offset over 50% of the incremental UK tax burden from 2027 through optimization initiatives. - **Cash Generation:** Entain reaffirmed its confidence in generating at least £500 million of annual adjusted cashflow from 2028. 4. **Outlook:** - **FY26 Guidance:** Online NGR (excluding the US) is expected to grow by 5-7% (cc), and the Group remains comfortable with market expectations for FY26 Group Underlying EBITDA. - **Margin Expectations:** Online Underlying EBITDA margin is projected to be 23-24% in FY26, with a focus on mitigating the impact of UK tax increases. - **BetMGM:** BetMGM expects revenue of $3.1-3.2 billion and Adjusted EBITDA of $300-350 million in FY26, with a continued pathway to $500 million Adjusted EBITDA by 2027. 5. **Sustainability and Governance:** - **ESG Initiatives:** Entain made progress in sustainability, including environmental targets, player protection, and diversity initiatives, maintaining its leadership in ESG ratings. 6. **Corporate Developments:** - **CFO Succession:** Michael Snape was appointed as Group CFO, succeeding Rob Wood, effective March 6, 2026. - **Dividend:** A final dividend of 9.8p per share was declared, representing a 5% increase year-on-year. **CEO Commentary:** Stella David, CEO of Entain, emphasized the Groups strong underlying momentum, strategic progress, and confidence in delivering sustainable growth and cash generation, despite industry challenges such as tax increases and regulatory changes. **Conclusion:** Entain PLC demonstrated resilient financial and operational performance in FY25, with strong growth across key segments and regions. The Group remains focused on strategic priorities, including organic growth, margin expansion, and cash generation, while navigating regulatory and tax challenges. The outlook for FY26 is positive, with continued growth expected in online NGR and Underlying EBITDA, supported by BetMGMs strong performance and the Groups optimization initiatives.
**Summary of Entain PLCs Final Results for FY25:**
Entain PLC, a global sports betting and gaming group, reported strong financial results for the year ended December 31, 2025 (FY25), with key highlights as follows
1. **Financial Performance**
**Net Gaming Revenue (NGR)** Total Group NGR, including a 50% share of BetMGM, increased by 7% (8% on a constant currency basis) to £5,325.4 million. Excluding BetMGM, Group NGR grew by 3% (4% cc).
**Underlying EBITDA** Group Underlying EBITDA rose by 8% (cc) to £1,160.1 million, ahead of guidance. Including BetMGM, total Underlying EBITDA was £1,244 million, up 28% (cc).
**BetMGM** BetMGMs net revenue grew by 33% (cc) to $2,796 million, with EBITDA of $220 million, reflecting its inflection to profitability.
**Adjusted Cashflow** Adjusted cashflow was £151 million, ahead of expectations, supported by stronger-than-anticipated BetMGM cash distribution and Entain Underlying EBITDA.
**Statutory Loss** The Group reported a statutory loss after tax of £681 million, primarily due to a £488 million impairment charge related to UK gambling tax increases.
2. **Operational Highlights**
**Online Performance** Online NGR (excluding the US) grew by 5% (6% cc), driven by strong volumes and underlying momentum. Online Underlying EBITDA margin expanded to 25.7%.
**Retail Performance** Retail NGR (excluding the US) declined by 1% (cc), with a focus on market share gains and stable volumes.
**Regional Performance** Strong growth was seen in the UK & Ireland (+6% cc), International (+2% cc), and CEE (+5% cc) regions. Notable markets included Brazil, Italy, and New Zealand.
3. **Strategic Progress**
**BetMGM** BetMGMs profitability supported a $270 million cash distribution to parents and reinforced its pathway to $500 million Adjusted EBITDA by 2027.
**UK Tax Impact** The Group upgraded its expectations to offset over 50% of the incremental UK tax burden from 2027 through optimization initiatives.
**Cash Generation** Entain reaffirmed its confidence in generating at least £500 million of annual adjusted cashflow from 2028.
4. **Outlook**
**FY26 Guidance** Online NGR (excluding the US) is expected to grow by 5-7% (cc), and the Group remains comfortable with market expectations for FY26 Group Underlying EBITDA.
**Margin Expectations** Online Underlying EBITDA margin is projected to be 23-24% in FY26, with a focus on mitigating the impact of UK tax increases.
**BetMGM** BetMGM expects revenue of $3.1-3.2 billion and Adjusted EBITDA of $300-350 million in FY26, with a continued pathway to $500 million Adjusted EBITDA by 2027.
5. **Sustainability and Governance**
**ESG Initiatives** Entain made progress in sustainability, including environmental targets, player protection, and diversity initiatives, maintaining its leadership in ESG ratings.
6. **Corporate Developments**
**CFO Succession** Michael Snape was appointed as Group CFO, succeeding Rob Wood, effective March 6, 2026.
**Dividend** A final dividend of 9.8p per share was declared, representing a 5% increase year-on-year.
**CEO Commentary**
Stella David, CEO of Entain, emphasized the Groups strong underlying momentum, strategic progress, and confidence in delivering sustainable growth and cash generation, despite industry challenges such as tax increases and regulatory changes.
**Conclusion**
Entain PLC demonstrated resilient financial and operational performance in FY25, with strong growth across key segments and regions. The Group remains focused on strategic priorities, including organic growth, margin expansion, and cash generation, while navigating regulatory and tax challenges. The outlook for FY26 is positive, with continued growth expected in online NGR and Underlying EBITDA, supported by BetMGMs strong performance and the Groups optimization initiatives.
Here is the comparison of financials and debt year on year presented as an HTML table:
Metric2024 (£m)2025 (£m)Change (£m)Change (%)
Net Gaming Revenue (NGR)5,161.95,325.4163.53%
Revenue5,089.25,259.4170.23%
Gross Profit3,118.13,200.182.03%
Underlying EBITDA1,088.81,160.171.37%
Underlying Operating Profit616.6861.2244.640%
Profit/(Loss) After Tax(461.0)(680.5)(219.5)N/A
Net Debt3,042.33,118.476.13%
Adjusted Net Debt3,339.13,644.2305.19%
**Key Observations:** 1. **Revenue and Profit Growth:** - Net Gaming Revenue (NGR) and Revenue increased by 3% year on year. - Underlying EBITDA grew by 7%, and Underlying Operating Profit increased significantly by 40%. 2. **Loss After Tax:** - The loss after tax widened from £461.0 million in 2024 to £680.5 million in 2025, primarily due to non-cash impairment charges and other separately disclosed items. 3. **Debt Position:** - Net debt increased slightly by 3%, while adjusted net debt rose by 9%, reflecting changes in lease liabilities and other adjustments. This table provides a concise comparison of key financial metrics and debt levels between 2024 and 2025.
06:01
Open Terminal ↗ RNS Source
93 Strong Beat
COA
Coats Group PLC
Positive
2025 Full Year Results
Coats Group plc, a leading supplier of critical components to the apparel and footwear industries, announced its full-year results for 2025, highlighting continued market outperformance, strong margin progression, and significant free cash generation. **Financial Highlights:** * **Revenue:** $1,465 million, flat on an organic basis, outperforming core thread and footwear markets which declined low to mid-single digits. * **Adjusted EBIT:** $290 million, up 7% on a reported basis and 3% organically, with a margin of 19.8%. * **Adjusted EPS:** 9.3 cents, in line with expectations. * **Free Cash Flow:** Record $160 million, demonstrating strong cash generation capabilities. * **Net Debt:** $815 million, with proforma leverage of 2.2x, expected to reduce below 2x by end of 2026. **Strategic Highlights:** * **Market Share Gains:** Continued success in gaining share, outperforming core markets. * **Portfolio Transformation:** * Exited non-core Americas Yarns business, improving margin by 100bps. * Completed landmark acquisition of OrthoLite, accelerating footwear components strategy. * **Adjacency Growth:** Target adjacencies contributed 1% to revenue growth, with building momentum. * **Organizational Simplification:** Streamlined into two divisions (Apparel and Footwear) for reduced complexity and better alignment. * **Sustainability Leadership:** 43% growth in 100% recycled thread revenue to $554 million. **Divisional Performance:** * **Apparel:** 1% revenue growth, outperforming market, with 20.2% EBIT margin. * **Footwear:** 2% organic revenue decline due to cautious customer ordering, but market share gains and 23.9% EBIT margin. * **Performance Materials:** Returned to growth in H2, with 11.8% EBIT margin in Q4. **Outlook and Upgraded Targets:** * **2026 Outlook:** Expect organic growth despite market uncertainty, driven by share gains and adjacency growth. OrthoLite expected to significantly outperform footwear market. * **Upgraded Medium-Term Targets:** * >5% revenue growth on average through the cycle. * Operating margin range increased to 21-23%. * Cumulative free cash flow of $1 billion in next five years. * EPS CAGR of >10% post M&A or share buybacks. **Key Takeaways:** Coats Group plc demonstrated resilience in a challenging market environment, achieving strong financial performance and strategic progress. The companys focus on market share gains, portfolio optimization, and sustainability positions it well for future growth. The upgraded medium-term targets reflect confidence in the companys ability to deliver consistent performance and value creation.
Coats Group plc, a leading supplier of critical components to the apparel and footwear industries, announced its full-year results for 2025, highlighting continued market outperformance, strong margin progression, and significant free cash generation.
**Financial Highlights**
* **Revenue** $1,465 million, flat on an organic basis, outperforming core thread and footwear markets which declined low to mid-single digits.
* **Adjusted EBIT** $290 million, up 7% on a reported basis and 3% organically, with a margin of 19.8%.
* **Adjusted EPS:** 9.3 centsin line with expectations.
* **Free Cash Flow** Record $160 million, demonstrating strong cash generation capabilities.
* **Net Debt** $815 million, with proforma leverage of 2.2x, expected to reduce below 2x by end of 2026.
**Strategic Highlights**
* **Market Share Gains** Continued success in gaining share, outperforming core markets.
* **Portfolio Transformation**
* Exited non-core Americas Yarns business, improving margin by 100bps.
* Completed landmark acquisition of OrthoLite, accelerating footwear components strategy.
* **Adjacency Growth** Target adjacencies contributed 1% to revenue growth, with building momentum.
* **Organizational Simplification** Streamlined into two divisions (Apparel and Footwear) for reduced complexity and better alignment.
* **Sustainability Leadership** 43% growth in 100% recycled thread revenue to $554 million.
**Divisional Performance**
* **Apparel:** 1% revenue growthoutperforming marketwith 20.2% EBIT margin.
* **Footwear** 2% organic revenue decline due to cautious customer ordering, but market share gains and 23.9% EBIT margin.
* **Performance Materials** Returned to growth in H2, with 11.8% EBIT margin in Q4.
**Outlook and Upgraded Targets**
* **2026 Outlook** Expect organic growth despite market uncertainty, driven by share gains and adjacency growth. OrthoLite expected to significantly outperform footwear market.
* **Upgraded Medium-Term Targets**
* >5% revenue growth on average through the cycle.
* Operating margin range increased to 21-23%.
* Cumulative free cash flow of $1 billion in next five years.
* EPS CAGR of >10% post M&A or share buybacks.
**Key Takeaways**
Coats Group plc demonstrated resilience in a challenging market environment, achieving strong financial performance and strategic progress. The companys focus on market share gains, portfolio optimization, and sustainability positions it well for future growth. The upgraded medium-term targets reflect confidence in the companys ability to deliver consistent performance and value creation.
Here is the HTML table code comparing the financials and debt year on year for Coats Group PLC:
Metric20252024Change
Revenue ($m)1,4651,4332%
Adjusted EBIT ($m)2902727%
EBIT Margin (%)19.819.080bps
Basic EPS (cents)9.39.7(5%)
Net Debt ($m)81544982%
Free Cash Flow ($m)16027,900%
Final Dividend per Share (cents)2.282.194%
**Key Observations:** - Revenue increased by 2% year-on-year, driven by organic growth and acquisitions. - Adjusted EBIT grew by 7%, with a significant improvement in EBIT margin. - Basic EPS declined by 5%, primarily due to higher interest charges and increased share count. - Net debt increased substantially (82%) due to the acquisition of OrthoLite, but free cash flow improved significantly. - The final dividend per share increased by 4%, reflecting the company's confidence in its financial performance.
06:01
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93 Strong Beat
GFTU
Grafton Group plc
Positive
Final Results
**Summary of Grafton Group PLC Final Results for the Year Ended 31 December 2025** Grafton Group PLC, a European multinational distributor of construction-related products and solutions, reported its final results for the year ended 31 December 2025, highlighting a year of progress despite challenging market conditions. **Financial Highlights:** - **Adjusted Operating Profit:** Increased by 7.1% to £190.2 million, driven by the first full year contribution of Salvador Escoda in Spain. - **Gross Margin Improvement:** 50bps improvement in gross margin, maintaining a resilient Group operating margin of 7.3%. - **Return on Capital Employed (ROCE):** Up 60bps to 10.9%. - **Adjusted Earnings Per Share (EPS):** Grew by 5.1% to 75.4p. - **Net Cash Position:** Strengthened to £274.0 million, providing significant firepower for organic and inorganic growth opportunities. - **Free Cash Flow:** Strong generation, contributing to over £700 million in the last four years. - **Shareholder Returns:** A new £25.0 million share buyback program announced, following £129.2 million returned to shareholders in 2025 through buybacks and dividends. - **Dividend:** Full-year dividend increased by 2.0% to 37.75p per share. **Operational Highlights:** - **Leadership:** Experienced senior leadership team in place, with Mario Ballarín appointed as CEO of Grafton Iberia. - **Market Position:** Continued investment to strengthen and consolidate market positions, despite market weakness in some regions. - **Performance by Region:** - **Island of Ireland:** Strong performance, with profit growth driven by Woodies and Chadwicks. - **Great Britain:** Profit growth despite a weakening RMI market and slow housebuilding recovery. - **Iberia:** Salvador Escoda successfully integrated, performing in line with pre-acquisition expectations. - **Northern Europe:** Remains challenging, but macro indicators are improving. **Outlook:** - **Positive Markets:** Expected in the Republic of Ireland and Spain. - **Challenging Markets:** Anticipated in Great Britain and Northern Europe, with gradual improvement expected. - **Focus:** Continued emphasis on efficiency, cost control, and delivering value to customers. - **Growth Drivers:** Supported by structural growth drivers, strong market positions, recovery potential in weaker markets, a robust balance sheet, and a healthy acquisitions pipeline. **Sustainability Progress:** - **Health and Safety:** 16.3% reduction in lost time injury frequency rate since 2021. - **Climate Change:** 40.3% reduction in absolute market-based Greenhouse Gas emissions in 2025 vs. 2021. - **Community Investment:** Over £1.7 million donated to charities and good causes, exceeding the target of 0.8% of adjusted operating profit. **Strategic Focus:** - **Long-Term Growth Ambition:** To be the leading European multinational distributor of construction-related products and solutions. - **Capital Allocation:** Prioritized strengthening current business, core dividend, funding inorganic growth, and returning surplus capital to shareholders. - **Acquisitions and Share Buybacks:** Balanced approach, with a strong acquisition pipeline and continued share buyback programs. **Conclusion:** Grafton Group PLC demonstrated resilience and strategic focus in 2025, achieving profitability ahead of analysts consensus despite challenging market conditions. The companys strong financial position, combined with its strategic initiatives and focus on sustainability, positions it well for future growth and value creation for shareholders.
**Summary of Grafton Group PLC Final Results for the Year Ended 31 December 2025**
Grafton Group PLC, a European multinational distributor of construction-related products and solutions, reported its final results for the year ended 31 December 2025, highlighting a year of progress despite challenging market conditions.
**Financial Highlights**
**Adjusted Operating Profit** Increased by 7.1% to £190.2 million, driven by the first full year contribution of Salvador Escoda in Spain.
**Gross Margin Improvement** 50bps improvement in gross margin, maintaining a resilient Group operating margin of 7.3%.
**Return on Capital Employed (ROCE)** Up 60bps to 10.9%.
**Adjusted Earnings Per Share (EPS)** Grew by 5.1% to 75.4p.
**Net Cash Position** Strengthened to £274.0 million, providing significant firepower for organic and inorganic growth opportunities.
**Free Cash Flow** Strong generation, contributing to over £700 million in the last four years.
**Shareholder Returns** A new £25.0 million share buyback program announced, following £129.2 million returned to shareholders in 2025 through buybacks and dividends.
**Dividend** Full-year dividend increased by 2.0% to 37.75p per share.
**Operational Highlights**
**Leadership** Experienced senior leadership team in place, with Mario Ballarín appointed as CEO of Grafton Iberia.
**Market Position** Continued investment to strengthen and consolidate market positions, despite market weakness in some regions.
**Performance by Region**
**Island of Ireland** Strong performance, with profit growth driven by Woodies and Chadwicks.
**Great Britain** Profit growth despite a weakening RMI market and slow housebuilding recovery.
**Iberia** Salvador Escoda successfully integrated, performing in line with pre-acquisition expectations.
**Northern Europe** Remains challenging, but macro indicators are improving.
**Outlook**
**Positive Markets** Expected in the Republic of Ireland and Spain.
**Challenging Markets** Anticipated in Great Britain and Northern Europe, with gradual improvement expected.
**Focus** Continued emphasis on efficiency, cost control, and delivering value to customers.
**Growth Drivers** Supported by structural growth drivers, strong market positions, recovery potential in weaker markets, a robust balance sheet, and a healthy acquisitions pipeline.
**Sustainability Progress**
**Health and Safety** 16.3% reduction in lost time injury frequency rate since 2021.
**Climate Change** 40.3% reduction in absolute market-based Greenhouse Gas emissions in 2025 vs. 2021.
**Community Investment** Over £1.7 million donated to charities and good causes, exceeding the target of 0.8% of adjusted operating profit.
**Strategic Focus**
**Long-Term Growth Ambition** To be the leading European multinational distributor of construction-related products and solutions.
**Capital Allocation** Prioritized strengthening current business, core dividend, funding inorganic growth, and returning surplus capital to shareholders.
**Acquisitions and Share Buybacks** Balanced approach, with a strong acquisition pipeline and continued share buyback programs.
**Conclusion**
Grafton Group PLC demonstrated resilience and strategic focus in 2025, achieving profitability ahead of analysts consensus despite challenging market conditions. The companys strong financial position, combined with its strategic initiatives and focus on sustainability, positions it well for future growth and value creation for shareholders.
Here is the comparison of financials and debt year on year presented as an HTML table:
Metric20252024Change
Revenue£2,520m£2,282m10.4%
Adjusted Operating Profit£190.2m£177.5m7.1%
Adjusted Operating Profit Margin7.3%7.6%(30bps)
Adjusted Earnings Per Share75.4p71.8p5.1%
Net Cash (before IFRS 16 lease liabilities)£274.0m£272.1m£1.9m
Net (Debt) (including IFRS 16 lease liabilities)(£123.4m)(£131.7m)£8.3m
Free Cash Flow£168.3m£178.2m(5.6%)
Dividend Per Share37.75p37.00p2.0%
Adjusted Return on Capital Employed (ROCE)10.9%10.3%60bps
**Key Observations:** * **Revenue Growth:** Grafton Group experienced a significant 10.4% increase in revenue, primarily driven by the first full year contribution of Salvador Escoda in Spain. * **Profitability:** Adjusted operating profit grew by 7.1%, but the margin slightly decreased due to ongoing operating cost pressures. * **Debt Reduction:** Net debt decreased by £8.3 million, reflecting strong cash flow generation and disciplined capital allocation. * **Cash Position:** Net cash position remained strong at £274.0 million, providing flexibility for organic and inorganic growth opportunities. * **Dividend Increase:** The dividend per share increased by 2.0%, demonstrating the company's commitment to returning value to shareholders. * **Return on Capital Employed:** ROCE improved by 60 basis points, indicating efficient utilization of capital.
06:01
Open Terminal ↗ RNS Source
93 Strong Beat
HTG
Hunting PLC
Positive
Results for the year ended 31 December 2025
**Summary of Hunting PLC’s 2025 Financial Results and Strategic Highlights** Hunting PLC, a global precision engineering group, reported its financial results for the year ended 31 December 2025, highlighting continued growth in operational performance and shareholder returns despite a 3% decline in revenue to $1,018.8 million. Key financial highlights include: - **EBITDA** increased by 7% to $135.7 million, with an improved margin of 13%. - **Gross margin** rose to 27%, and **non-oil and gas revenue** grew by 10% to $82.9 million. - **Adjusted diluted earnings per share** increased by 9% to 34.1 cents. - **Free cash flow** stood at $96.6 million, representing a 71% EBITDA conversion. - **Total dividends** declared rose by 13% to 13.0 cents per share, with a final dividend of 6.8 cents announced. Strategically, Hunting made significant progress in 2025: - **Acquisitions**: Acquired Flexible Engineering Solutions ($64.8m) to expand subsea offerings and Organic Oil Recovery technology ($18.2m) to accelerate commercialization. - **Portfolio Optimization**: Disposed of Rival Downhole Tools for $13.0 million to focus on higher-return product lines. - **Operational Expansion**: Opened a new facility in Dubai to service the Middle East market. - **Cost Efficiencies**: Achieved annualized savings of $11 million in the EMEA segment and $6 million from Hunting Titan restructuring. - **Capital Allocation**: Committed to a 13% annual dividend increase, executed a $60 million share buyback, and proposed a second $40 million buyback program. Looking ahead, Hunting reaffirmed its 2026 EBITDA guidance of $145-$155 million, with a focus on scaling its order book, particularly in OCTG, subsea, and perforating systems. The company remains confident in its ability to deliver on its **Hunting 2030 Strategy**, diversifying into higher-growth markets and enhancing shareholder returns, despite monitoring geopolitical risks in the Middle East. Overall, Hunting demonstrated resilience and strategic execution in 2025, positioning itself for sustained growth and value creation.
**Summary of Hunting PLC’s 2025 Financial Results and Strategic Highlights**
Hunting PLC, a global precision engineering group, reported its financial results for the year ended 31 December 2025, highlighting continued growth in operational performance and shareholder returns despite a 3% decline in revenue to $1,018.8 million. Key financial highlights include
**EBITDA** increased by 7% to $135.7 million, with an improved margin of 13%.
**Gross margin** rose to 27%, and **non-oil and gas revenue** grew by 10% to $82.9 million.
**Adjusted diluted earnings per share** increased by 9% to 34.1 cents.
**Free cash flow** stood at $96.6 million, representing a 71% EBITDA conversion.
**Total dividends** declared rose by 13% to 13.0 cents per share, with a final dividend of 6.8 cents announced.
Strategically, Hunting made significant progress in 2025
**Acquisitions**Acquired Flexible Engineering Solutions ($64.8m) to expand subsea offerings and Organic Oil Recovery technology ($18.2m) to accelerate commercialization.
**Portfolio Optimization**Disposed of Rival Downhole Tools for $13.0 million to focus on higher-return product lines.
**Operational Expansion**Opened a new facility in Dubai to service the Middle East market.
**Cost Efficiencies**Achieved annualized savings of $11 million in the EMEA segment and $6 million from Hunting Titan restructuring.
**Capital Allocation**Committed to a 13% annual dividend increase, executed a $60 million share buyback, and proposed a second $40 million buyback program.
Looking ahead, Hunting reaffirmed its 2026 EBITDA guidance of $145-$155 million, with a focus on scaling its order book, particularly in OCTG, subsea, and perforating systems. The company remains confident in its ability to deliver on its **Hunting 2030 Strategy**, diversifying into higher-growth markets and enhancing shareholder returns, despite monitoring geopolitical risks in the Middle East.
Overall, Hunting demonstrated resilience and strategic execution in 2025, positioning itself for sustained growth and value creation.
Below is the HTML table code comparing the financials and debt year on year for Hunting PLC based on the provided text:
Metric20252024Variance
Revenue$1,018.8m$1,048.9m-$30.1m
Non-oil and gas revenue$82.9m$75.1m+$7.8m
EBITDA$135.7m$126.3m+$9.4m
EBITDA margin13%12%+1pp
Adjusted profit before tax$79.7m$75.6m+$4.1m
Adjusted diluted earnings per share34.1 cents31.4 cents+2.7 cents
Free cash flow$96.6m$139.7m-$43.1m
Total cash and bank / (borrowings)$62.9m$104.7m-$41.8m
Net assets$855.3m$902.3m-$47.0m
ROCE10%9%+1pp
Final dividend proposed6.8 cents6.0 cents+0.8 cents
Non-cash goodwill impairment-$109.1m-$109.1m
Operating profit / (loss)$76.3m$(21.1)m+$97.4m
Profit / (loss) before tax$65.5m$(33.5)m+$99.0m
Diluted earnings / (loss) per share24.6 cents(17.6) cents+42.2 cents
Net cash inflow from operating activities$138.9m$188.5m-$49.6m
### Key Notes: 1. **Debt Comparison**: The table includes "Total cash and bank / (borrowings)" as a proxy for debt, showing a decrease from $104.7m in 2024 to $62.9m in 2025. 2. **Financial Metrics**: Revenue decreased slightly, but EBITDA, margins, and adjusted profits improved year-on-year. 3. **Dividends**: Final dividend increased from 6.0 cents to 6.8 cents per share. 4. **Cash Flow**: Free cash flow decreased, but net cash inflow from operating activities remained positive. This table provides a clear year-on-year comparison of key financial metrics and debt for Hunting PLC.
06:01
Open Terminal ↗ RNS Source
93 Strong Beat
FOXT
Foxtons Group Plc
Positive
Full Year Results For Year Ended 31 December 2025
**Summary:** Foxtons Group PLC reported resilient full-year results for 2025, with revenue growth of 5% to £172.5 million, driven by a strong performance in lettings, which mitigated challenges in the broader market. Adjusted EBITDA and operating profit also grew by 5%, while profit before tax slightly declined by 3% due to increased costs. The companys lettings-focused strategy proved effective, with lettings revenue up 5%, supported by acquisitions and growth in property management services. Sales revenue increased by 6%, and financial services revenue grew by 10%. Non-cyclical and recurring revenues accounted for 67% of total revenue, highlighting the companys strategic shift towards more stable income streams. Operationally, Foxtons expanded its lettings portfolio to over 32,000 tenancies, a 50% increase since 2021, and achieved 8% organic market share growth in 2025. The company also progressed its acquisition strategy, integrating the Imagine acquisition and making bolt-on acquisitions to strengthen its position in key markets like Watford, Milton Keynes, and Birmingham. These acquisitions are expected to drive further growth and synergies. Looking ahead, Foxtons anticipates continued resilience in lettings, supported by the Renters Rights Act, which is expected to drive growth by encouraging the use of professional agents and increasing demand for high-margin services. The company aims to capitalize on this legislation to enhance its market position and drive consolidation in the sector. In sales, Foxtons is repositioning its business to adapt to lower market volumes and accelerate profitability. Management remains focused on organic growth, acquisitions, and cost efficiency to drive revenue and profit growth in 2026 and beyond. **Key Financial Highlights:** - Revenue: £172.5 million (+5%) - Adjusted EBITDA: £25.3 million (+5%) - Adjusted Operating Profit: £22.2 million (flat) - Profit Before Tax: £16.9 million (-3%) - Net Free Cash Flow: £11.2 million (+14%) - Total Dividend per Share: 1.17p (maintained) **Strategic Focus:** - Lettings organic growth and acquisitions - Sales market share and profitability improvement - Financial services scale and cross-sell growth - Operational efficiency and cost control - Technology and data-driven enhancements - Brand strengthening and customer experience improvement **Outlook:** - Lettings expected to remain resilient with growth opportunities from the Renters Rights Act. - Sales market remains challenging, with a focus on repositioning for lower volumes and profitability. - Continued emphasis on organic growth, acquisitions, and cost efficiency to drive long-term growth.
**Summary**
Foxtons Group PLC reported resilient full-year results for 2025, with revenue growth of 5% to £172.5 million, driven by a strong performance in lettings, which mitigated challenges in the broader market. Adjusted EBITDA and operating profit also grew by 5%, while profit before tax slightly declined by 3% due to increased costs. The companys lettings-focused strategy proved effective, with lettings revenue up 5%, supported by acquisitions and growth in property management services. Sales revenue increased by 6%, and financial services revenue grew by 10%. Non-cyclical and recurring revenues accounted for 67% of total revenue, highlighting the companys strategic shift towards more stable income streams.
Operationally, Foxtons expanded its lettings portfolio to over 32,000 tenancies, a 50% increase since 2021, and achieved 8% organic market share growth in 2025. The company also progressed its acquisition strategy, integrating the Imagine acquisition and making bolt-on acquisitions to strengthen its position in key markets like Watford, Milton Keynes, and Birmingham. These acquisitions are expected to drive further growth and synergies.
Looking ahead, Foxtons anticipates continued resilience in lettings, supported by the Renters Rights Act, which is expected to drive growth by encouraging the use of professional agents and increasing demand for high-margin services. The company aims to capitalize on this legislation to enhance its market position and drive consolidation in the sector. In sales, Foxtons is repositioning its business to adapt to lower market volumes and accelerate profitability. Management remains focused on organic growth, acquisitions, and cost efficiency to drive revenue and profit growth in 2026 and beyond.
**Key Financial Highlights**
Revenue£172.5 million (+5%)
Adjusted EBITDA£25.3 million (+5%)
Adjusted Operating Profit£22.2 million (flat)
Profit Before Tax£16.9 million (-3%)
Net Free Cash Flow£11.2 million (+14%)
Total Dividend per Share1.17p (maintained)
**Strategic Focus**
Lettings organic growth and acquisitions
Sales market share and profitability improvement
Financial services scale and cross-sell growth
Operational efficiency and cost control
Technology and data-driven enhancements
Brand strengthening and customer experience improvement
**Outlook**
Lettings expected to remain resilient with growth opportunities from the Renters Rights Act.
Sales market remains challenging, with a focus on repositioning for lower volumes and profitability.
Continued emphasis on organic growth, acquisitions, and cost efficiency to drive long-term growth.
Here is the comparison of financials and debt year on year presented as an HTML table:
Metric20252024Change
Revenue£172.5m£163.9m+5%
Adjusted EBITDA£25.3m£24.1m+5%
Adjusted Operating Profit£22.2m£22.1m-
Profit Before Tax£16.9m£17.5m(3%)
Adjusted Earnings Per Share (basic)5.0p5.2p(4%)
Earnings Per Share (basic)4.3p4.6p(7%)
Net Free Cash Flow£11.2m£9.8m+14%
Net Debt£16.9m£12.7m+33%
**Key Observations:** 1. **Revenue Growth:** Revenue increased by 5% from £163.9m in 2024 to £172.5m in 2025, driven by growth in lettings, sales, and financial services. 2. **Adjusted EBITDA:** Adjusted EBITDA also grew by 5% from £24.1m to £25.3m, indicating improved operational efficiency. 3. **Profit Before Tax:** Profit before tax decreased by 3% from £17.5m to £16.9m, possibly due to increased costs or one-time expenses. 4. **Earnings Per Share:** Both adjusted and basic earnings per share decreased, reflecting the impact of increased costs and potentially higher shares outstanding. 5. **Net Free Cash Flow:** Net free cash flow increased by 14% from £9.8m to £11.2m, indicating better cash generation. 6. **Net Debt:** Net debt increased significantly by 33% from £12.7m to £16.9m, likely due to acquisition activities and shareholder returns. This table provides a clear comparison of key financial metrics and debt levels between 2024 and 2025, highlighting areas of growth and potential concerns.
06:01
Open Terminal ↗ RNS Source
93 Strong Beat
SSIT
Seraphim Space Investment Trust PLC
Positive
Interim Results
**Summary: Seraphim Space Investment Trust PLC Interim Results (H1 2025/26)** Seraphim Space Investment Trust PLC (LSE: SSIT), the world’s first listed SpaceTech investment company, reported strong interim results for the six months ended 31 December 2025. Key highlights include: 1. **Financial Performance**: - **Net Asset Value (NAV)** increased by 20.1% to £337.5 million, driven by private portfolio fair value gains. - **Portfolio valuation** rose by 27.6% to £331.6 million, fueled by unrealised fair value gains, particularly in top holdings like ICEYE, ALL.SPACE, and HawkEye 360. - **NAV per share** grew by 20.1% to 142.30p, while the **share price** increased by 40.2% to 120.0p. - **Cash reserves** stood at £22.1 million, with potential additional liquidity of £3.9 million from listed holdings. 2. **Portfolio Highlights**: - **Top five holdings** achieved significant growth, supported by defence contracts and equity rounds at higher valuations. - **ICEYE** (39% of NAV) secured major contracts, including a €1.7 billion deal with the German Armed Forces and a $168 million contract with the Finnish Defence Forces. - **ALL.SPACE** (15.9% of NAV) partnered with Aalyria and secured ESA funding for navigation technology. - **HawkEye 360** (10.1% of NAV) acquired Innovative Signal Analysis, completed a $150 million Series E round, and launched new satellite clusters. 3. **Post-Period Developments**: - **ICEYE** won additional contracts with Sweden and expanded its partnership with Ukraine. - **ALL.SPACE** and **HawkEye 360** saw valuation uplifts and continued satellite launches. - **Tomorrow.io** secured $175 million in new equity financing to accelerate its weather satellite constellation. 4. **Strategic Outlook**: - **77% of the portfolio** has a robust cash runway, with 70% fully funded. - **85% of portfolio value**, including seven of the top 10 holdings, is projected to be EBITDA profitable in 2026. - Management highlighted a strong pipeline of investment opportunities and confidence in delivering long-term returns. **Management Commentary**: Chair Will Whitehorn and CEO Mark Boggett emphasized the portfolio’s broad-based performance, with top holdings driving outperformance and validating the investment strategy. The fair value of the private portfolio exceeded 200% of cost for the first time, positioning SSIT as a top-performing UK investment trust. **Conclusion**: Seraphim Space Investment Trust demonstrated robust financial and operational progress, underpinned by strategic investments in high-growth SpaceTech companies. The company remains well-positioned to capitalize on the expanding SpaceTech sector, with a focus on delivering attractive returns for shareholders.
**SummarySeraphim Space Investment Trust PLC Interim Results (H1 2025/26)**
Seraphim Space Investment Trust PLC (LSESSIT), the world’s first listed SpaceTech investment company, reported strong interim results for the six months ended 31 December 2025. Key highlights include
1. **Financial Performance**
**Net Asset Value (NAV)** increased by 20.1% to £337.5 million, driven by private portfolio fair value gains.
**Portfolio valuation** rose by 27.6% to £331.6 million, fueled by unrealised fair value gains, particularly in top holdings like ICEYE, ALL.SPACE, and HawkEye 360.
**NAV per share** grew by 20.1% to 142.30p, while the **share price** increased by 40.2% to 120.0p.
**Cash reserves** stood at £22.1 million, with potential additional liquidity of £3.9 million from listed holdings.
2. **Portfolio Highlights**
**Top five holdings** achieved significant growth, supported by defence contracts and equity rounds at higher valuations.
**ICEYE** (39% of NAV) secured major contracts, including a €1.7 billion deal with the German Armed Forces and a $168 million contract with the Finnish Defence Forces.
**ALL.SPACE** (15.9% of NAV) partnered with Aalyria and secured ESA funding for navigation technology.
**HawkEye 360** (10.1% of NAV) acquired Innovative Signal Analysis, completed a $150 million Series E round, and launched new satellite clusters.
3. **Post-Period Developments**
**ICEYE** won additional contracts with Sweden and expanded its partnership with Ukraine.
**ALL.SPACE** and **HawkEye 360** saw valuation uplifts and continued satellite launches.
**Tomorrow.io** secured $175 million in new equity financing to accelerate its weather satellite constellation.
4. **Strategic Outlook**
**77% of the portfolio** has a robust cash runway, with 70% fully funded.
**85% of portfolio value**, including seven of the top 10 holdings, is projected to be EBITDA profitable in 2026.
Management highlighted a strong pipeline of investment opportunities and confidence in delivering long-term returns.
**Management Commentary**
Chair Will Whitehorn and CEO Mark Boggett emphasized the portfolio’s broad-based performance, with top holdings driving outperformance and validating the investment strategy. The fair value of the private portfolio exceeded 200% of cost for the first time, positioning SSIT as a top-performing UK investment trust.
**Conclusion**
Seraphim Space Investment Trust demonstrated robust financial and operational progress, underpinned by strategic investments in high-growth SpaceTech companies. The company remains well-positioned to capitalize on the expanding SpaceTech sector, with a focus on delivering attractive returns for shareholders.
Below is the HTML table code comparing the financials and debt year on year based on the provided text: < lang="en">Seraphim Space Investment Trust PLC Financials Comparison

Seraphim Space Investment Trust PLC Financials Comparison

Metric31 December 202530 June 2025Change
NAV (£m)337.5281.120.1%
NAV per share (p)142.30118.5220.1%
Portfolio valuation (£m)331.6259.827.6%
Fair value vs. cost (%)198.1131.96620bp
Liquid resources (£m)22.121.52.5%
Market capitalisation (£m)284.6203.040.2%
Share price (p)120.085.640.2%
-Discount/+premium (%)-15.7-27.81210bp
Ongoing charges (%)1.791.771bp
Number of shares in issue (m)237.2237.20.0%

Fair Value Change (£m)

Company30 June 2025 fair value (£m)31 December 2025 additions/(disposals) (£m)31 December 2025 fair value movement (£m)31 December 2025 fair value (£m)31 December 2025 % of NAV31 December 2025 cost (£m)
ICEYE105.1-26.4131.639.0%39.6
ALL.SPACE28.12.623.153.815.9%30.6
D-Orbit33.5-8.441.912.4%11.6
HawkEye 36020.6-13.534.110.1%18.6
Total investments259.8(29.6)101.4331.698.2%167.4
This HTML code creates two tables: 1. The first table compares key financial metrics between 31 December 2025 and 30 June 2025. 2. The second table details the fair value changes for specific companies in the portfolio. The tables are styled with basic CSS for readability. You can further customize the styles as needed.
06:01
Open Terminal ↗ RNS Source
93 Strong Beat
TFW
FW Thorpe PLC
Positive
Interim Results
**Summary of FW Thorpe Plc Interim Results for the Six Months to 31 December 2025** FW Thorpe Plc, a leading designer, manufacturer, and supplier of professional lighting systems, announced its interim results for the six months ended 31 December 2025. The company reported a stable performance, with financial highlights as follows: - **Revenue**: £81.7 million, a slight decrease of 2.4% compared to £83.8 million in the same period last year. - **Operating Profit (before acquisition adjustments)**: £12.5 million, down 0.8% from £12.6 million in 2024. - **Operating Profit**: £11.6 million, a marginal increase of 0.3% from £11.5 million. - **Profit Before Tax**: £11.6 million, up 3.1% from £11.2 million. - **Basic Earnings Per Share**: 7.86p, a 2.7% increase from 7.65p. **Key Points:** 1. **Dividends**: The company declared an interim dividend of 1.81p per share (up 2.8% from 1.76p) and a special dividend of 2.60p per share (compared to nil in 2024). 2. **Segment Performance**: - **Thorlux**: Results were dampened by lower performance in Germany. - **Dutch Segment**: Remained stable, supported by strong performance from Famostar. - **Zemper**: Showed further growth, with profitable performance from TRT. 3. **Cash Flow**: Strong cash flow generation with net cash from operating activities of £14.3 million (compared to £15.0 million in 2024). 4. **Investments**: The company continues to invest in sales resources, plant, and machinery to enhance efficiency and support local manufacturing. This includes a factory extension at Solite in Manchester and new machinery at Thorlux and Zemper. 5. **Sustainability**: FW Thorpe remains committed to sustainability, which appeals to customers and reduces operating costs. 6. **Acquisitions**: The Board has explored acquisition opportunities but has not found any that meet its requirements, leading to a build-up in cash reserves. 7. **Outlook**: The second half of the year is expected to remain challenging due to market conditions, but the company is focused on growth across all segments. **Chairmans Statement:** Mike Allcock, Chairman, highlighted the stable performance and the Boards commitment to investing in the business for long-term growth. He noted the strong performance of Famostar and Zemper, while acknowledging challenges in Germany. The Board remains focused on improving margins and winning more orders despite ongoing market conditions. **Conclusion:** FW Thorpe Plc delivered a resilient performance in the first half of 2025, with steady profits and increased dividends. The company continues to invest in its operations and remains optimistic about its long-term prospects, despite near-term market challenges.
**Summary of FW Thorpe Plc Interim Results for the Six Months to 31 December 2025**
FW Thorpe Plc, a leading designer, manufacturer, and supplier of professional lighting systems, announced its interim results for the six months ended 31 December 2025. The company reported a stable performance, with financial highlights as follows
**Revenue**£81.7 million, a slight decrease of 2.4% compared to £83.8 million in the same period last year.
**Operating Profit (before acquisition adjustments)**: £12.5 million, down 0.8% from £12.6 million in 2024.
**Operating Profit**£11.6 million, a marginal increase of 0.3% from £11.5 million.
**Profit Before Tax**: £11.6 millionup 3.1% from £11.2 million.
**Basic Earnings Per Share**: 7.86pa 2.7% increase from 7.65p.
**Key Points**
1. **Dividends**The company declared an interim dividend of 1.81p per share (up 2.8% from 1.76p) and a special dividend of 2.60p per share (compared to nil in 2024).
2. **Segment Performance**
**Thorlux**Results were dampened by lower performance in Germany.
**Dutch Segment**Remained stable, supported by strong performance from Famostar.
**Zemper**Showed further growth, with profitable performance from TRT.
3. **Cash Flow**Strong cash flow generation with net cash from operating activities of £14.3 million (compared to £15.0 million in 2024).
4. **Investments**The company continues to invest in sales resources, plant, and machinery to enhance efficiency and support local manufacturing. This includes a factory extension at Solite in Manchester and new machinery at Thorlux and Zemper.
5. **Sustainability**FW Thorpe remains committed to sustainability, which appeals to customers and reduces operating costs.
6. **Acquisitions**The Board has explored acquisition opportunities but has not found any that meet its requirements, leading to a build-up in cash reserves.
7. **Outlook**The second half of the year is expected to remain challenging due to market conditions, but the company is focused on growth across all segments.
**Chairmans Statement**
Mike Allcock, Chairman, highlighted the stable performance and the Boards commitment to investing in the business for long-term growth. He noted the strong performance of Famostar and Zemper, while acknowledging challenges in Germany. The Board remains focused on improving margins and winning more orders despite ongoing market conditions.
**Conclusion**
FW Thorpe Plc delivered a resilient performance in the first half of 2025, with steady profits and increased dividends. The company continues to invest in its operations and remains optimistic about its long-term prospects, despite near-term market challenges.
Here’s an HTML table comparing the year-on-year financials and debt for FW Thorpe Plc based on the provided text:
MetricInterim 2026 (unaudited)Interim 2025 (unaudited)Change
Amount (£'000)%Amount (£'000)%%
Revenue81,741100.0%83,761100.0%-2.4%
Operating Profit (before acquisition adjustments)12,50115.3%12,59915.0%-0.8%
Operating Profit11,57514.2%11,53713.8%+0.3%
Profit Before Tax11,56514.1%11,21713.4%+3.1%
Basic Earnings per Share (pence)7.867.65+2.7%
Interim Dividend per Share (pence)1.811.76+2.8%
Special Dividend per Share (pence)2.600.00N/A
Net Cash from Operating Activities (£'000)14,31215,006-4.6%
Total Debt (£'000)52,48756,621-7.3%
### Key Notes: 1. **Revenue and Profit Metrics**: Revenue decreased by 2.4%, while operating profit and profit before tax showed marginal changes. 2. **Dividends**: Interim dividend increased by 2.8%, and a special dividend of 2.60p was introduced in 2026. 3. **Cash Flow**: Net cash from operating activities decreased by 4.6%. 4. **Debt**: Total debt decreased by 7.3% year-on-year. This table provides a clear comparison of key financial metrics and debt levels between the two interim periods.
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80 Positive
HSP
Hargreaves Services Plc
Positive
Positive Contract Awards in Services
**Summary:** Hargreaves Services PLC announced two significant contract awards in its Services Division, leading to an upgrade in revenue and profit before tax (PBT) expectations for the year ending 31 May 2027. The company secured a £10 million enabling earthworks subcontract at the Lower Thames Crossing project with Balfour Beatty, marking a strategic advancement in its involvement in this major infrastructure initiative. This contract includes the first UK deployment of battery-electric heavy earthmoving equipment, aligning with Hargreaves commitment to carbon-free earthworks by 2040. Additionally, Hargreaves was awarded a contract to build a beneficiation plant at Drax Power Station, processing legacy ash into low-carbon cement materials. These wins prompted a 4% increase in market expectations for both revenue and underlying PBT for FY2027. The company also confirmed the interim dividend payment for FY2026, scheduled for 31 March 2026. Hargreaves Services operates across environmental, infrastructure, and property sectors, with segments including Services, Hargreaves Land, and a joint venture in Germany (HRMS). The announcement underscores the companys growth in critical industries and its focus on sustainable practices.
**Summary**
Hargreaves Services PLC announced two significant contract awards in its Services Division, leading to an upgrade in revenue and profit before tax (PBT) expectations for the year ending 31 May 2027. The company secured a £10 million enabling earthworks subcontract at the Lower Thames Crossing project with Balfour Beatty, marking a strategic advancement in its involvement in this major infrastructure initiative. This contract includes the first UK deployment of battery-electric heavy earthmoving equipment, aligning with Hargreaves commitment to carbon-free earthworks by 2040. Additionally, Hargreaves was awarded a contract to build a beneficiation plant at Drax Power Station, processing legacy ash into low-carbon cement materials. These wins prompted a 4% increase in market expectations for both revenue and underlying PBT for FY2027. The company also confirmed the interim dividend payment for FY2026, scheduled for 31 March 2026. Hargreaves Services operates across environmental, infrastructure, and property sectors, with segments including Services, Hargreaves Land, and a joint venture in Germany (HRMS). The announcement underscores the companys growth in critical industries and its focus on sustainable practices.
NewContract
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98 Exceptional
IHC
Inspiration Healthcare Group PLC
Positive
UK neonatal division wins NHS framework agreement
Inspiration Healthcare Group PLC, a global medical technology company specializing in neonatal intensive care devices, has secured a renewed four-year NHS framework agreement as an approved supplier of respiratory care units for newborns in England and Wales. The company has also been ranked as the **number one neonatal ventilator supplier** for the 2025/26 period within the NHS framework. This agreement: * **Strengthens market position:** Reinforces Inspiration Healthcares leadership in neonatal ventilation across England and Wales. * **Enhances revenue visibility:** Provides medium-term revenue stability within the UK market. * **Supports ongoing sales:** Boosts sales of capital equipment, consumables, and service revenue streams. * **Improves competitive advantage:** Strengthens the companys position in future NHS procurement cycles. The agreement ensures NHS Trusts have streamlined access to Inspiration Healthcares neonatal respiratory and critical care solutions, promoting procurement efficiency and regulatory compliance. CEO Raffi Stepanian highlighted the companys commitment to innovation and improving clinical outcomes in neonatal intensive care. This strategic win is expected to drive market share growth and long-term shareholder value.
Inspiration Healthcare Group PLC, a global medical technology company specializing in neonatal intensive care devices, has secured a renewed four-year NHS framework agreement as an approved supplier of respiratory care units for newborns in England and Wales. The company has also been ranked as the **number one neonatal ventilator supplier** for the 2025/26 period within the NHS framework. This agreement
* **Strengthens market position** Reinforces Inspiration Healthcares leadership in neonatal ventilation across England and Wales.
* **Enhances revenue visibility** Provides medium-term revenue stability within the UK market.
* **Supports ongoing sales** Boosts sales of capital equipment, consumables, and service revenue streams.
* **Improves competitive advantage** Strengthens the companys position in future NHS procurement cycles.
The agreement ensures NHS Trusts have streamlined access to Inspiration Healthcares neonatal respiratory and critical care solutions, promoting procurement efficiency and regulatory compliance. CEO Raffi Stepanian highlighted the companys commitment to innovation and improving clinical outcomes in neonatal intensive care. This strategic win is expected to drive market share growth and long-term shareholder value.
Wins
06:01
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88 Trading Edge
FSFL
Foresight Solar Fund Ltd
Positive
Q4 2025 Trading Update and Net Asset Value
**Summary: Foresight Solar Fund Limited Q4 2025 Trading Update and Net Asset Value** Foresight Solar Fund Limited (FSFL) released its Q4 2025 trading update and net asset value (NAV) report on March 5, 2026, highlighting key developments and financial performance. The unaudited NAV as of December 31, 2025, stood at £545.9 million, down from £564.5 million in September 2025, resulting in a NAV per share of 99.2 pence (previously 102.1 pence). **Key Highlights:** 1. **Operational Performance:** Strong UK irradiation in 2025 boosted electricity production by 3.4% <mark style="background-color:yellow">above</mark> budget. An independent review of the UK portfolio revised the energy yield forecast upward by 2.8%, affirming the portfolios high operational standards. 2. **Battery Storage:** The commissioning commissioningcommissioncommissioncommissioncommissioncommission commissioning commissioning commissioning commissioning **.0.T.
**SummaryForesight Solar Fund Limited Q4 2025 Trading Update and Net Asset Value**
Foresight Solar Fund Limited (FSFL) released its Q4 2025 trading update and net asset value (NAV) report on March 5, 2026, highlighting key developments and financial performance. The unaudited NAV as of December 31, 2025, stood at £545.9 million, down from £564.5 million in September 2025, resulting in a NAV per share of 99.2 pence (previously 102.1 pence).
**Key Highlights**
1. **Operational Performance** Strong UK irradiation in 2025 boosted electricity production by 3.4% <mark style="background-color:yellow">above</mark> budget. An independent review of the UK portfolio revised the energy yield forecast upward by 2.8%, affirming the portfolios high operational standards.
2. **Battery Storage** The commissioning commissioningcommissioncommissioncommissioncommissioncommission commissioning commissioning commissioning commissioning **.0.T.
Below is the HTML table code comparing the financials and debt year on year based on the provided text:
Metric31 December 202530 September 2025Change
Net Asset Value (NAV)£545.9 million£564.5 million-£18.6 million
NAV per Ordinary Share99.2 pence102.1 pence-2.9 pence
Gross Asset Value (GAV)£928.2 million£969.4 million-£41.2 million
Total Outstanding Debt£382.3 million£404.9 million-£22.6 million
Debt as % of GAV41.2%41.8%-0.6%
RCF Balance Drawn£72.7 million£91.7 million-£19.0 million
UK Portfolio Valuation (£m/MWp)0.971.09-0.12
### Key Notes: 1. **NAV and NAV per Share**: Both decreased from September to December 2025, primarily due to factors like tax review adjustments, Australian curtailment, and ROC/FiT inflation indexation. 2. **GAV and Debt**: GAV decreased, while total debt also reduced, keeping the debt-to-GAV ratio relatively stable. 3. **RCF Balance**: The Revolving Credit Facility (RCF) balance drawn decreased by £19.0 million. 4. **UK Portfolio Valuation**: The valuation per MWp decreased from 1.09 to 0.97. This table provides a clear comparison of key financial and debt metrics between the two periods.
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80 Positive
XSG
Xeros Technology Group Plc
Positive
Purchase Order ahead of European Launch of XF3
**Summary:** Xeros Technology Group plc announced a significant milestone ahead of the European launch of its XF3 Microfibre Filtration unit. MediaMarkt, Europes largest consumer electronics retailer, has placed a purchase order for an initial production run of XF3 units, which will be sold under MediaMarkts Koenic brand. The launch is scheduled for late Q2 2026 in major European cities. Additionally, Product Care Group is on track to launch the XF3 in the UK during the same timeframe, and a third partnership with a major global appliance manufacturer is nearing completion. The XF3 unit has received independent verification from the Hohenstein Institute, achieving a market-leading 98% microfibre capture rate. Xeros CEO Neil Austin highlighted the partnership with MediaMarkt as a significant endorsement of the companys technology, emphasizing its potential to address microfibre pollution. Xeros continues to attract interest from global washing machine brands and retailers, with a strong pipeline for future partnerships. The companys technologies aim to reduce the environmental impact of clothing care, targeting addressable markets valued at £350m p.a. for Microfibre Filter, £3bn p.a. for Laundry Care, and £132m p.a. for Garment Finishing.
**Summary**
Xeros Technology Group plc announced a significant milestone ahead of the European launch of its XF3 Microfibre Filtration unit. MediaMarkt, Europes largest consumer electronics retailer, has placed a purchase order for an initial production run of XF3 units, which will be sold under MediaMarkts Koenic brand. The launch is scheduled for late Q2 2026 in major European cities. Additionally, Product Care Group is on track to launch the XF3 in the UK during the same timeframe, and a third partnership with a major global appliance manufacturer is nearing completion. The XF3 unit has received independent verification from the Hohenstein Institute, achieving a market-leading 98% microfibre capture rate. Xeros CEO Neil Austin highlighted the partnership with MediaMarkt as a significant endorsement of the companys technology, emphasizing its potential to address microfibre pollution. Xeros continues to attract interest from global washing machine brands and retailers, with a strong pipeline for future partnerships. The companys technologies aim to reduce the environmental impact of clothing care, targeting addressable markets valued at £350m p.a. for Microfibre Filter, £3bn p.a. for Laundry Care, and £132m p.a. for Garment Finishing.
Launch
06:01
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80 Positive
CRDL
Cordel Group PLC
Positive
USA Contract Upgrade
**Summary:** Cordel Group PLC (AIM: CRDL), an AI platform specializing in transport corridor analytics, has announced the upgrade and extension of its contract with Genesee & Wyoming Inc. (G&W), a major North American railroad operator. The contract, previously extended in February 2025, now transitions to a **Strategic LiDAR Program** under a **Software as a Service (SaaS)** model, replacing the previous per-order approach. This new agreement grants G&W full enterprise access to Cordels platforms (Cordel Connect and D/Gauge RIFT) for up to 200 users, covering 3,000 processed miles for Clearance and 7,000 miles for RIFT annually. The deal is expected to generate over **US$600,000** for Cordel in 2026. Cordels Chairman, Ian Buddery, highlighted the significance of this upgrade in aligning major clients with the SaaS model, ensuring predictable revenue growth. This announcement, coupled with a recent Class 1 contract disclosed on February 16, positions Cordel to meet its full-year targets. The company specializes in AI-driven hardware and software solutions for transport sector data analysis, with further details available at **www.cordel.ai**. **Key Points:** - Contract upgrade with G&W to a SaaS model. - Annual revenue of over US$600k in 2026. - Full enterprise access to Cordels platforms for G&W. - Strategic shift to predictable revenue growth. - Supports Cordels full-year financial targets.
**Summary**
Cordel Group PLC (AIMCRDL), an AI platform specializing in transport corridor analytics, has announced the upgrade and extension of its contract with Genesee & Wyoming Inc. (G&W), a major North American railroad operator. The contract, previously extended in February 2025, now transitions to a **Strategic LiDAR Program** under a **Software as a Service (SaaS)** model, replacing the previous per-order approach. This new agreement grants G&W full enterprise access to Cordels platforms (Cordel Connect and D/Gauge RIFT) for up to 200 users, covering 3,000 processed miles for Clearance and 7,000 miles for RIFT annually. The deal is expected to generate over **US$600,000** for Cordel in 2026.
Cordels Chairman, Ian Buddery, highlighted the significance of this upgrade in aligning major clients with the SaaS model, ensuring predictable revenue growth. This announcement, coupled with a recent Class 1 contract disclosed on February 16, positions Cordel to meet its full-year targets. The company specializes in AI-driven hardware and software solutions for transport sector data analysis, with further details available at **www.cordel.ai**.
**Key Points**
Contract upgrade with G&W to a SaaS model.
Annual revenue of over US$600k in 2026.
Full enterprise access to Cordels platforms for G&W.
Strategic shift to predictable revenue growth.
Supports Cordels full-year financial targets.
NewContract
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88 Trading Edge
SMWH
WH Smith PLC
Positive
Trading update
**Summary:** WH Smith PLC released a trading update for the 26-week period ending February 28, 2026, reporting a solid first-half performance with total revenue up 5% on a constant currency basis compared to the previous year. Key highlights include: 1. **UK Performance**: Total revenue increased by 2%, with like-for-like (LFL) revenue also up 2%. The Air segment saw a 1% total revenue increase and a 2% LFL rise, despite temporary store closures at Heathrow Airport due to ongoing investments. The Hospital channel performed well with a 7% total revenue increase and 4% LFL growth, while Rail revenue was flat with a 2% LFL decline. 2. **North America Performance**: Total revenue grew by 10% (constant currency), with LFL revenue up 1%. The Air segment, particularly Travel Essentials, saw strong growth (22% total revenue, 6% LFL), driven by new store openings and higher passenger spend. However, the InMotion business continued to struggle, with a 1% total revenue decline and a 4% LFL drop, prompting an ongoing portfolio review. The Resorts business declined by 6% in both total and LFL revenue due to reduced Las Vegas visitor numbers, leading to the closure of 3 fashion stores. 3. **Rest of the World and Other**: Revenue increased by 8% (constant currency) and 6% LFL, supported by new store openings in the prior year. The company closed 4 uneconomic stores at Düsseldorf Airport and plans to exit sub-scale markets as contracts expire. 4. **Outlook**: WH Smith is on track to meet its full-year guidance despite geopolitical uncertainties in the Middle East affecting passenger numbers. The company remains focused on strategic priorities, cost control, and cash discipline. Interim results will be announced on April 23, 2026. **Contact Details**: Investor and media relations contacts are provided for further inquiries.
**Summary**
WH Smith PLC released a trading update for the 26-week period ending February 28, 2026, reporting a solid first-half performance with total revenue up 5% on a constant currency basis compared to the previous year. Key highlights include
1. **UK Performance**Total revenue increased by 2%, with like-for-like (LFL) revenue also up 2%. The Air segment saw a 1% total revenue increase and a 2% LFL rise, despite temporary store closures at Heathrow Airport due to ongoing investments. The Hospital channel performed well with a 7% total revenue increase and 4% LFL growth, while Rail revenue was flat with a 2% LFL decline.
2. **North America Performance**Total revenue grew by 10% (constant currency), with LFL revenue up 1%. The Air segment, particularly Travel Essentials, saw strong growth (22% total revenue, 6% LFL), driven by new store openings and higher passenger spend. However, the InMotion business continued to struggle, with a 1% total revenue decline and a 4% LFL drop, prompting an ongoing portfolio review. The Resorts business declined by 6% in both total and LFL revenue due to reduced Las Vegas visitor numbers, leading to the closure of 3 fashion stores.
3. **Rest of the World and Other**Revenue increased by 8% (constant currency) and 6% LFL, supported by new store openings in the prior year. The company closed 4 uneconomic stores at Düsseldorf Airport and plans to exit sub-scale markets as contracts expire.
4. **Outlook**WH Smith is on track to meet its full-year guidance despite geopolitical uncertainties in the Middle East affecting passenger numbers. The company remains focused on strategic priorities, cost control, and cash discipline. Interim results will be announced on April 23, 2026.
**Contact Details**Investor and media relations contacts are provided for further inquiries.
Below is the HTML table code comparing the financials and debt year-on-year based on the provided text. Since the text does not explicitly mention debt figures, the table focuses on revenue comparisons across regions and channels. < lang="en">WH Smith PLC Financials Comparison

WH Smith PLC Financials Comparison (26 Weeks to 28 February 2026 vs 2025)

Region/ChannelTotal Revenue vs 2025Constant Currency vs 2025LFL Revenue vs 2025
Group5%5%2%
UK2%2%2%
- Air1%1%2%
- Hospital7%7%4%
- Rail1%1%-2%
North America5%10%1%
- Air15%15%N/A
- Travel Essentials22%22%6%
- InMotion-1%-1%-4%
- Resorts-6%-6%-6%
Rest of the World and Other11%8%6%

Note: Debt figures are not provided in the text, so they are not included in the comparison.

### Key Points: 1. **Structure**: The table is structured to compare total revenue, constant currency revenue, and like-for-like (LFL) revenue across regions and channels. 2. **Styling**: Basic CSS is included for table formatting. 3. **Debt**: Since debt figures are not mentioned in the text, a note is added to clarify their exclusion. This HTML code can be directly used to display the financial comparison on a webpage.
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93 Strong Beat
HSD
Hansard Global Plc
Positive
Interim Results
**Summary of Hansard Global plc Interim Results for H1 2026** **Financial Performance:** - **Profit Before Tax:** Increased significantly to £2.6 million in H1 2026, up from £0.5 million in H1 2025, driven by strong global equity markets, disciplined cost management, reduced litigation expenses, and one-off income items. - **New Business Sales (PVNBP):** Remained stable at £49.2 million, compared to £49.1 million in H1 2025, with a shift in momentum from Q1 to Q2 due to product enhancements and improved distributor engagement. - **Assets Under Administration (AUA):** Grew by 8% to £1.2 billion since June 2025, reflecting positive market movements and inflows into the single premium proposition. - **Interim Dividend:** Maintained at 1.8p per share, consistent with previous years. **Strategic and Operational Highlights:** - **Product Enhancements:** Expanded ETF range, improved segmentation features, and introduced multi-beneficiary capabilities and alternative charging structures, leading to a sales rebound in Q2. - **Japan Market Entry:** Successfully launched the Japan proposition shortly after the period end, marking a significant strategic milestone. Initial volumes are modest but expected to grow. - **Cost Management:** Expenses decreased by 4% to £17.7 million, primarily due to lower litigation costs and continued cost discipline. - **Capital Position:** The Group remains strongly capitalized, operating well <mark style="background-color:yellow">above</mark> regulatory solvency requirements. **New Business Breakdown:** - **Single Premium Sales:** Increased by 9% to £34.6 million, offsetting a 15% decline in regular premium sales to £14.6 million. - **Geographical Performance:** Growth was notable in the Far East, particularly in the Philippines, Malaysia, and Thailand, supported by improved distributor engagement and product enhancements. **Outlook:** - **Positive Trajectory:** The Group expects an uplift in full-year profitability, supported by improving sales momentum, strengthening distributor relationships, and the successful launch in Japan. - **Strategic Focus:** Continued emphasis on evolving the proposition, expanding international reach, and leveraging the operating platform to drive sustainable growth. **Chairmans Statement:** - **Momentum:** The Group enters H2 with growing momentum, supported by product enhancements, international expansion, and improved profitability. - **Dividend:** The Board declared an interim dividend of 1.8p per share, reflecting confidence in the Groups financial position and future prospects. **Risk Management and Internal Control:** - **Enterprise Risk Management (ERM):** The Group maintains a comprehensive ERM framework to identify, assess, and manage risks, ensuring robust governance and strategic decision-making. - **Principal Risks:** Key risks include distribution, market, credit, liquidity, insurance, legal/regulatory, operational resilience, employee engagement, corporate sustainability, and cyber/information security risks. **Conclusion:** Hansard Global plc demonstrated resilience and strategic progress in H1 2026, with improved financial performance, successful product and market initiatives, and a strong capital position. The Group is well-positioned for continued growth and value creation in the second half of the year and beyond.
**Summary of Hansard Global plc Interim Results for H1 2026**
**Financial Performance**
**Profit Before Tax** Increased significantly to £2.6 million in H1 2026, up from £0.5 million in H1 2025, driven by strong global equity markets, disciplined cost management, reduced litigation expenses, and one-off income items.
**New Business Sales (PVNBP)** Remained stable at £49.2 million, compared to £49.1 million in H1 2025, with a shift in momentum from Q1 to Q2 due to product enhancements and improved distributor engagement.
**Assets Under Administration (AUA)** Grew by 8% to £1.2 billion since June 2025, reflecting positive market movements and inflows into the single premium proposition.
**Interim Dividend** Maintained at 1.8p per share, consistent with previous years.
**Strategic and Operational Highlights**
**Product Enhancements** Expanded ETF range, improved segmentation features, and introduced multi-beneficiary capabilities and alternative charging structures, leading to a sales rebound in Q2.
**Japan Market Entry** Successfully launched the Japan proposition shortly after the period end, marking a significant strategic milestone. Initial volumes are modest but expected to grow.
**Cost Management** Expenses decreased by 4% to £17.7 million, primarily due to lower litigation costs and continued cost discipline.
**Capital Position** The Group remains strongly capitalized, operating well <mark style="background-color:yellow">above</mark> regulatory solvency requirements.
**New Business Breakdown**
**Single Premium Sales** Increased by 9% to £34.6 million, offsetting a 15% decline in regular premium sales to £14.6 million.
**Geographical Performance** Growth was notable in the Far East, particularly in the Philippines, Malaysia, and Thailand, supported by improved distributor engagement and product enhancements.
**Outlook**
**Positive Trajectory** The Group expects an uplift in full-year profitability, supported by improving sales momentum, strengthening distributor relationships, and the successful launch in Japan.
**Strategic Focus** Continued emphasis on evolving the proposition, expanding international reach, and leveraging the operating platform to drive sustainable growth.
**Chairmans Statement**
**Momentum** The Group enters H2 with growing momentum, supported by product enhancements, international expansion, and improved profitability.
**Dividend** The Board declared an interim dividend of 1.8p per share, reflecting confidence in the Groups financial position and future prospects.
**Risk Management and Internal Control**
**Enterprise Risk Management (ERM)** The Group maintains a comprehensive ERM framework to identify, assess, and manage risks, ensuring robust governance and strategic decision-making.
**Principal Risks** Key risks include distribution, market, credit, liquidity, insurance, legal/regulatory, operational resilience, employee engagement, corporate sustainability, and cyber/information security risks.
**Conclusion**
Hansard Global plc demonstrated resilience and strategic progress in H1 2026, with improved financial performance, successful product and market initiatives, and a strong capital position. The Group is well-positioned for continued growth and value creation in the second half of the year and beyond.
Here is a comparison of the financials and debt year on year for Hansard Global PLC, presented as an HTML table: td>-6.8%
MetricH1 2026H1 2025Change
New Business Sales (PVNBP)£49.2m£49.1m0.2%
New Business Sales (APE)£6.8m£7.3m
IFRS Profit Before Tax£2.6m£0.5m420%
IFRS Fees and Commissions£22.2m£21.3m4%
IFRS Administrative and Other Expenses£17.7m£18.4m-4%
IFRS Basic Earnings Per Share1.9p0.3p533%
Interim Dividend1.8p1.8p0%
Assets under Administration£1.2b£1.1b8%
Value of In-Force£107.0m£103.1m4%
Debt (not explicitly mentioned, but can be inferred from cash flow)No significant debt mentionedNo significant debt mentionedN/A
**Notes:** * The debt column is not explicitly mentioned in the provided text, but it can be inferred from the cash flow statement that there is no significant debt. The company has a strong capital position with significant levels of liquidity and cash, and no borrowings are mentioned. * The change in IFRS Profit Before Tax is calculated as ((£2.6m - £0.5m) / £0.5m) x 100%. * The change in IFRS Basic Earnings Per Share is calculated as ((1.9p - 0.3p) / 0.3p) x 100%. This table provides a clear comparison of the key financials and debt (or lack thereof) for Hansard Global PLC between H1 2026 and H1 2025.
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80 Positive
SNR
Senior PLC
Positive
Announcement Regarding Media Speculation
**Summary:** Senior PLC issued a statement on March 4, 2026, addressing media speculation regarding a possible takeover offer. The company confirmed receiving a preliminary, non-binding all-cash offer from Arcline Investment Management, L.P. on February 21, 2026, to acquire its entire issued and to-be-issued share capital. Discussions with Arcline and other potential offerors are ongoing, but there is no certainty that an offer will be made or its terms. In compliance with the City Code on Takeovers and Mergers, Arcline must announce a firm intention to make an offer or confirm it does not intend to proceed by April 1, 2026. Senior PLC emphasized that this announcement was made without Arclines consent and provided contact details for inquiries. The company also disclosed its issued share capital and regulatory information, ensuring transparency for stakeholders.
**Summary**
Senior PLC issued a statement on March 4, 2026, addressing media speculation regarding a possible takeover offer. The company confirmed receiving a preliminary, non-binding all-cash offer from Arcline Investment Management, L.P. on February 21, 2026, to acquire its entire issued and to-be-issued share capital. Discussions with Arcline and other potential offerors are ongoing, but there is no certainty that an offer will be made or its terms.
In compliance with the City Code on Takeovers and Mergers, Arcline must announce a firm intention to make an offer or confirm it does not intend to proceed by April 1, 2026. Senior PLC emphasized that this announcement was made without Arclines consent and provided contact details for inquiries. The company also disclosed its issued share capital and regulatory information, ensuring transparency for stakeholders.
Speculation
06:01
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93 Strong Beat
ADM
Admiral Group PLC
Positive
Admiral Group Plc Full Year 2025 Results
**Summary of Admiral Group PLC Full Year 2025 Results** **Financial Highlights:** - **Record Profits:** Admiral Group reported record profits for 2025, with a 16% increase in profit before tax to £957.9 million, driven by strong contributions across the Group. - **Earnings Per Share (EPS):** EPS from continuing operations increased by 16% to 247.4p. - **Dividend Per Share:** Dividend per share rose by 7% to 205.0p. - **Insurance Revenue:** Insurance revenue grew by 9% to £4.98 billion. - **Customer Growth:** Group risks increased by 7% to 11.8 million, with UK insurance risks up 9% to 9.6 million. - **Admiral Money:** Gross loan balances increased by 24% to £1.46 billion. - **Solvency Ratio:** The solvency ratio (post-dividend) decreased slightly to 193% from 203%. **Operational Highlights:** - **UK Motor Performance:** UK Motor delivered an exceptional performance, surpassing £1 billion in profit. - **Diversification:** Other UK personal lines, Admiral Money, and European Motor operations collectively generated nearly £100 million in profit, with strong results in France and a rapid recovery in Italy. - **Customer Focus:** Continued investment in digital journeys, app functionality, and product development improved customer experiences, reflected in strong service outcomes and Net Promoter Scores <mark style="background-color:yellow">above</mark> 50. - **Strategic Acquisitions and Integrations:** Completed the integration of More Than and announced plans to acquire Flock, a digital fleet insurer, to expand into attractive markets. - **Technology and Innovation:** Increased investment in technology, data, and artificial intelligence, including the establishment of a GenAI Centre of Excellence, showing early signs of improved efficiency and customer outcomes. **Strategic Refresh:** - **Three-Pillar Strategy:** 1. **Scaling Selectively:** Continue growing UK Motor with discipline while improving margins in newer lines. 2. **Future-Proofing Competitive Advantage:** Leverage cost-effective operations, data, and GenAI to increase customer lifetime value and resilience. 3. **Amplifying Admiral DNA:** Evolve culture, develop people, and positively impact communities. **Leadership Changes:** - **CFO Transition:** Geraint Jones retired as Group CFO, succeeded by Rachel Lewis, who brings deep business knowledge and leadership experience. **Financial Position and Capital Management:** - **Strong Financial Position:** The Group maintains a strong financial position with prudent reserves and a refreshed capital return policy, offering flexibility for future investments and shareholder returns. **Sustainability and Community Impact:** - **Environmental and Social Initiatives:** Committed to positively impacting the environment and communities, including partnerships for natural flood management initiatives. **Conclusion:** Admiral Group’s 2025 results highlight its robust performance, strategic advancements, and commitment to innovation and customer satisfaction. The Group is well-positioned for future growth, supported by a refreshed strategy, strong financial health, and a focus on sustainable value creation.
**Summary of Admiral Group PLC Full Year 2025 Results**
**Financial Highlights**
**Record Profits** Admiral Group reported record profits for 2025, with a 16% increase in profit before tax to £957.9 million, driven by strong contributions across the Group.
**Earnings Per Share (EPS)** EPS from continuing operations increased by 16% to 247.4p.
**Dividend Per Share** Dividend per share rose by 7% to 205.0p.
**Insurance Revenue** Insurance revenue grew by 9% to £4.98 billion.
**Customer Growth** Group risks increased by 7% to 11.8 million, with UK insurance risks up 9% to 9.6 million.
**Admiral Money** Gross loan balances increased by 24% to £1.46 billion.
**Solvency Ratio** The solvency ratio (post-dividend) decreased slightly to 193% from 203%.
**Operational Highlights**
**UK Motor Performance** UK Motor delivered an exceptional performance, surpassing £1 billion in profit.
**Diversification** Other UK personal lines, Admiral Money, and European Motor operations collectively generated nearly £100 million in profit, with strong results in France and a rapid recovery in Italy.
**Customer Focus** Continued investment in digital journeys, app functionality, and product development improved customer experiences, reflected in strong service outcomes and Net Promoter Scores <mark style="background-color:yellow">above</mark> 50.
**Strategic Acquisitions and Integrations:** Completed the integration of More Than and announced plans to acquire Flock, a digital fleet insurer, to expand into attractive markets.
**Technology and Innovation** Increased investment in technology, data, and artificial intelligence, including the establishment of a GenAI Centre of Excellence, showing early signs of improved efficiency and customer outcomes.
**Strategic Refresh**
**Three-Pillar Strategy**
1. **Scaling Selectively** Continue growing UK Motor with discipline while improving margins in newer lines.
2. **Future-Proofing Competitive Advantage:** Leverage cost-effective operations, data, and GenAI to increase customer lifetime value and resilience.
3. **Amplifying Admiral DNA** Evolve culture, develop people, and positively impact communities.
**Leadership Changes**
**CFO Transition** Geraint Jones retired as Group CFO, succeeded by Rachel Lewis, who brings deep business knowledge and leadership experience.
**Financial Position and Capital Management:**
**Strong Financial Position** The Group maintains a strong financial position with prudent reserves and a refreshed capital return policy, offering flexibility for future investments and shareholder returns.
**Sustainability and Community Impact**
**Environmental and Social Initiatives** Committed to positively impacting the environment and communities, including partnerships for natural flood management initiatives.
**Conclusion**
Admiral Group’s 2025 results highlight its robust performance, strategic advancements, and commitment to innovation and customer satisfaction. The Group is well-positioned for future growth, supported by a refreshed strategy, strong financial health, and a focus on sustainable value creation.
Here is the HTML table code comparing the financials and debt year on year for Admiral Group PLC: td>-10pts
Metric20252024Change
Group profit before tax from continuing operations (£m)957.9826.5+16%
Earnings per share from continuing operations (pence)247.4212.8+16%
Dividend per share (pence)205.0192.0+7%
Group turnover (£bn)5.905.95-1%
Insurance revenue (£bn)4.984.55+9%
Group risks (million)11.811.0+7%
Admiral Money gross loan balances (£bn)1.461.17+24%
Solvency ratio (post-dividend)193%203%
**Notes:** * The table compares key financial metrics for Admiral Group PLC between 2025 and 2024. * The data is extracted from the provided text, which appears to be an annual report or financial statement. * The "Change" column shows the percentage change between 2025 and 2024 for each metric. * The table is formatted using HTML tags for a clear and concise presentation.
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Preliminary Results - Correction

**Summary of Elementis PLC Preliminary Results for the Year Ended 31 December 2025** **Financial Performance:** - **Resilient Results:** Elementis PLC reported a resilient financial performance for 2025, with revenue slightly down to $597…

**Summary of Elementis PLC Preliminary Results for the Year Ended 31 December 2025**
**Financial Performance**
**Resilient Results** Elementis PLC reported a resilient financial performance for 2025, with revenue slightly down to $597.5 million (from $603.8 million in 2024) but strong growth in adjusted operating profit to $126.7 million (up 6.3% from $119.2 million in 2024). The adjusted operating margin improved to 21.2% from 19.7%.
**Dividend Increase** The final proposed dividend increased to 3.0 cents per share, resulting in a full-year dividend of 4.3 cents per share, up 7.5%.
**Statutory Loss** A statutory loss of $45.5 million was reported, primarily due to a $110.5 million loss on the sale of the Talc business in H1 2025.
**Net Debt** Net debt stood at $185.4 million, with a net debt to EBITDA ratio of 1.3x.
**Strategic Progress**
**Elevate Elementis Strategy** The company made significant progress in its Elevate Elementis growth strategy, focusing on innovation, acquisitions, and operational efficiency.
**Acquisition of Alchemy** Acquired Alchemy for $22 million, enhancing its position in the fast-growing natural skincare and cosmetics markets.
**Capacity Expansion** Debottlenecking actions at the St. Louis plant led to a 20% increase in capacity utilization since H1 2025.
**Cost Savings** Delivered $18 million in cost savings in 2025 and is on track to deliver the remaining $4 million in 2026, as part of a $10 million additional cost savings program.
**Sale of Pharmaceutical Business** Agreed to sell its pharmaceutical manufacturing business to Associated British Foods for approximately $40 million, expected to complete in Q2 2026.
**Segment Performance**
**Personal Care** Revenue increased by 3.3% to $224.5 million, with a 2.4% increase on a constant currency basis. Adjusted operating profit rose by 18.2% to $72.8 million, driven by higher pricing and cost savings.
**Coatings** Revenue declined by 3.5% to $373.0 million, with a 4.3% decrease on a constant currency basis, due to soft demand. Adjusted operating profit decreased by 10.2% to $70.4 million, with a resilient margin of 18.9%.
**Innovation and Sustainability**
**Innovation Revenue** Increased by 200 basis points to 16.4%, with a target to reach 20% over the medium term.
**Sustainability Initiatives** Made progress in reducing greenhouse gas emissions, expanding low-carbon electricity usage, and launching sustainable products like biodegradable antiperspirant and deodorant actives.
**Outlook**
**Challenging Environment** The company remains mindful of the soft demand environment for coatings and geopolitical uncertainties but is confident in delivering another year of progress.
**Strategic Focus** Priorities include accelerating innovation, expanding customer relationships, driving operational efficiency, advancing sustainability, and delivering attractive returns to shareholders.
**CEO Commentary**
**Luc van Ravenstein, CEO** Highlighted the companys resilient performance, progress in the Elevate Elementis strategy, and the strategic sale of the pharmaceutical business. Emphasized the focus on innovation, customer relationships, and sustainability to drive long-term value.
**Conclusion**
Elementis PLC demonstrated resilience in 2025 despite challenging market conditions, with strong profitability and strategic advancements. The company is well-positioned to capitalize on growth opportunities in its core markets and adjacent areas, supported by its Elevate Elementis strategy and commitment to sustainability.
Here is the HTML table code comparing the financials and debt year on year for Elementis PLC:
Metric2025 ($m)2024 ($m)Change (%)
Revenue597.5603.8(1.0%)
Adjusted Operating Profit126.7119.26.3%
Net Debt185.4157.217.9%
Net Debt to EBITDA1.31.118.2%
Personal Care Revenue224.5217.43.3%
Coatings Revenue373.0386.4(3.5%)
Operating Profit Margin (%)21.2%19.7%150 bps
Diluted Earnings per Share (cents)13.712.014.2%
Ordinary Dividend per Share (cents)4.34.07.5%
**Notes:** * The table compares key financials and debt metrics for Elementis PLC between 2025 and 2024. * The data is extracted from the provided text, which is a preliminary results announcement for Elementis PLC. * The table includes metrics such as revenue, adjusted operating profit, net debt, net debt to EBITDA, personal care revenue, coatings revenue, operating profit margin, diluted earnings per share, and ordinary dividend per share. * The change percentage is calculated based on the difference between 2025 and 2024 values. This table provides a concise overview of the year-on-year changes in Elementis PLC's financials and debt position.
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['Artemis Investment Management LLP', '14.33528', '14.712170']
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GJ03
GJ03 GJ03
13:40
Market

Form 8.5 (EPT/RI) - Replacement of British Land

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LLOY
LLOY Lloyds Banking Group PLC
13:36
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Director/PDMR Shareholding

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STB
STB Secure Trust Bank PLC
13:35
Market

Holding(s) in Company

TR1 Buy

TR1 Buy
['Premier Miton Group plc', '4.961472', '5.040690']
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HOC
HOC Hochschild Mining plc
13:25
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Notice of Results and Investor Presentation

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UAV
UAV Unicorn AIM VCT plc
13:13
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Issue of Equity

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GSF
GSF Gore Street Energy Storage …
13:12
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Holding(s) in Company

TR1 Buy

TR1 Buy
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GRI
GRI Grainger PLC
13:11
Market

MelloMonday Investor Webinar

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NCC
NCC NCC Group plc
13:08
Market

Form 8.3 - The Vanguard Group, Inc.: NCC Group plc

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SNR
SNR Senior PLC
13:08
Market

Form 8.3 - The Vanguard Group, Inc.: Senior plc

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OGN
OGN Origin Enterprises Plc
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Market

Re-issue of Treasury Shares

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BLND
BLND British Land Company PLC
13:07
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Form 8.3 - The Vanguard Group, Inc.: British Land Company plc, The

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JTC
JTC JTC PLC
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Form 8.3 - The Vanguard Group, Inc.: JTC plc

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JUST
JUST Just Group plc
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Form 8.3 - The Vanguard Group, Inc.: Just Group plc

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SDR
SDR Schroders PLC
13:04
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Form 8.3 - The Vanguard Group, Inc.: Schroders plc

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SPI
SPI Spire Healthcare Group Plc
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Form 8.3 - The Vanguard Group, Inc.: Spire Healthcare Group plc

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FGT
FGT Finsbury Growth & Income Tr…
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QuotedData's In The HotSeat

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BEZ
BEZ Beazley plc
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Form 8.3 - The Vanguard Group, Inc.: Beazley plc

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PCTN
PCTN Picton Property Income Ltd
13:02
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Form 8.3 - The Vanguard Group, Inc.: Picton Property Income Limited

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LMP
LMP LondonMetric Property Plc
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Form 8.3 - The Vanguard Group, Inc.: LondonMetric Property plc

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SRAD
SRAD Stelrad Group PLC
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Market

Director Declaration

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EOG
EOG Europa Oil & Gas Holdings
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POST TRANSACTION REPORT

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LOGP
LOGP Lansdowne Oil & Gas
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Convertible Loan Agreement Update

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AV.
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Form 8.3 - LondonMetric Property plc

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ASL Aberforth Smaller Companies…
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Result of AGM

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BTRW
BTRW Barratt Redrow plc
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Market

Director/PDMR Shareholding

<mark style="background-color:yellow">Purchase</mark> of Ordinary Shares

<mark style="background-coloryellow">Purchase</mark> of Ordinary Shares
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FEN
FEN Frenkel Topping Group
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Holding(s) in Company

TR1 Buy

TR1 Buy
['JPMorgan Chase & Co.', '0.125069', '5.769939']
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RAT Rathbone Brothers PLC
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Form 8.3 Picton Property Income Limited

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RAT
RAT Rathbone Brothers PLC
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Form 8.3 LondonMetric Property Plc

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PAGE
PAGE Pagegroup PLC
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Director/PDMR Shareholding

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RAT
RAT Rathbone Brothers PLC
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Form 8.3 Life Science REIT Plc

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BLND
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Form 8.3

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XX80
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Publication of Listing Supplement

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0UKI
0UKI Bank of Nova Scotia
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Form 8.3 - International Personal Finance plc

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XGDU
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Final Terms

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0UKI
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Form 8.3 - Beazley PLC

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Update on Loan Agreement

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Form 8.3

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IHG InterContinental Hotels Gro…
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Director/PDMR Shareholding

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HCM HUTCHMED China Ltd
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Publication of Form 20-F

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JTC JTC PLC
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Market

Form 8.3

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IPF
IPF International Personal Fina…
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Form 8.3

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SDR
SDR Schroders PLC
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Market

Form 8.3 - British Land Company

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GAW
GAW Games Workshop Group PLC
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Result of Meeting

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LSC
LSC London Security Plc
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Market

Transaction in Own Shares

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SDR
SDR Schroders PLC
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Market

Form 8.3 - Picton Property Ltd

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BARC Barclays PLC
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Market

Form 8.3 WOOD GROUP (JOHN) PLC

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BARC Barclays PLC
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BARC
BARC Barclays PLC
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Form 8.3 NCC GROUP PLC

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BARC
BARC Barclays PLC
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Market

Form 8.3 LIFE SCIENCE REIT PLC

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BARC
BARC Barclays PLC
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Form 8.3 JUST GROUP PLC

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XGDU
XGDU Xtrackers IE Physical Gold …
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Final Terms

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BARC
BARC Barclays PLC
11:38
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Form 8.3 SOLGOLD PLC

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BARC Barclays PLC
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Form 8.3 KITWAVE GROUP PLC

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BARC
BARC Barclays PLC
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BARC
BARC Barclays PLC
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Form 8.3 INTERNATIONAL PERSONAL FINANCE PLC

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BARC
BARC Barclays PLC
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Market

Form 8.3 BRITISH LAND COMPANY PLC, THE

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AMG
AMG Atlas Metals Group plc
11:31
Market

UPSA Update

**Summary:** Atlas Metals Group PLC (LON: AMG) provided an update on its proposed acquisition of Universal Pozzolanic Silica Alumina Ltd (UPSA), which is progressing as expected. UPSAs recent press release highlighted significant developm…

**Summary**
Atlas Metals Group PLC (LONAMG) provided an update on its proposed acquisition of Universal Pozzolanic Silica Alumina Ltd (UPSA), which is progressing as expected. UPSAs recent press release highlighted significant developments since the announcement of the reverse takeover (RTO) by Atlas Metals in June 2025. Key points include
1. **Resource Valuation and Upgrade**An independent assessment by SLR Consulting valued UPSAs pozzolanic silica alumina (PSA) resources at Warialda, Australia, at AUS$3.4 billion (£1.7 billion). The resources have been upgraded to the "Measured" category, with 86.5 million tonnes of PSA identified in Lots 7 & 8, exceeding the 25-year sales target of 75 million tonnes.
2. **Extraction and Transportation**UPSA is working to secure a State Significant Development (SSD) permit to increase annual extraction limits from 35,000 to 3 million metric tonnes. Plans for a railway spur will reduce transportation costs and increase sales capacity.
3. **Short-Term Operations**UPSA has engaged a local quarry operator for immediate extraction and delivery of PSA to Brisbane port, ensuring profitability despite higher costs.
4. **Market Opportunities**UPSA targets global markets, particularly the UK, North America, and Europe, leveraging PSAs ability to replace 40% of cement in concrete production, reducing carbon emissions and generating carbon credits.
5. **Strategic Planning**UPSA has developed a detailed 10-year operating plan with a multinational consulting firm, focusing on the global concrete sector.
6. **Carbon Credits and Accreditation**UPSA is working with Verra to accredit carbon credits from PSA use, enhancing its value proposition.
7. **Future Prospects**UPSA aims to become a leading player in the global concrete and aggregate sector, with plans to list on the London Stock Exchange post-RTO to access global capital markets.
The acquisition remains on track, with further updates expected as progress continues.
The provided text does not contain specific financial or debt data for a year-on-year comparison. It is primarily a press release discussing the progress of Atlas Metals Group PLC's proposed acquisition of Universal Pozzolanic Silica Alumina Ltd (UPSA), including updates on resource valuations, operational plans, and market opportunities. Since there are no financial or debt figures provided, I cannot create a year-on-year comparison table. However, if you have specific financial data (e.g., revenue, net income, debt levels) for different years, I can help you create an HTML table for comparison. Below is an example template for such a table:
MetricYear 2024Year 2025Year 2026
Revenue£X,XXX,XXX£X,XXX,XXX£X,XXX,XXX
Net Income£X,XXX,XXX£X,XXX,XXX£X,XXX,XXX
Total Debt£X,XXX,XXX£X,XXX,XXX£X,XXX,XXX
If you provide the actual financial and debt figures, I can populate this table accordingly. Let me know how you'd like to proceed!
Open Terminal Source RNS
BATS
BATS British American Tobacco PLC
11:31
Market

Director/PDMR Shareholding

<mark style="background-color:yellow">Purchase</mark> of ordinary shares under the Partnership Share Scheme - a HMRC approved Share Incentive Plan

<mark style="background-coloryellow">Purchase</mark> of ordinary shares under the Partnership Share Scheme - a HMRC approved Share Incentive Plan
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LABS
LABS Life Science REIT PLC
11:29
Market

Form 8.3

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KITW
KITW Kitwave Group PLC
11:27
Market

Form 8.3

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MCI
MCI Medcaw Investments PLC
11:26
Market

Final Results

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IPF
IPF International Personal Fina…
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Form 8.3

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HKLD
HKLD HONGKONG LAND HLDGS
11:21
Market

Board Committee and Company Secretary Changes

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IRSH
IRSH IRSH
11:19
Market

Form 8.3 - International Personal Finance- Replace

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IDOX
IDOX IDOX plc
11:19
Market

Form 8.3

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BLND
BLND British Land Company PLC
11:11
Market

Rule 2.9 Announcement

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IRSH
IRSH IRSH
11:11
Market

Form 8.3 - Idox plc Replacement

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EOG Europa Oil & Gas Holdings
11:11
Market

Holding(s) in Company

TR1 Buy

TR1 Buy
['Bo Krøll', '5.74', '7.78']
Open Terminal Source RNS
BRK
BRK Brooks Macdonald Group
11:06
Market

Form 8.3 - LondonMetric Property plc

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JGGI
JGGI JP Morgan Global Growth & I…
11:03
Market

Block Listing Six Monthly Return

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IRSH
IRSH IRSH
11:03
Market

Form 8.3 - Beazley plc

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PPHC
PPHC Public Policy Holding Compa…
11:01
Market

Notice of Results

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HKLD
HKLD HONGKONG LAND HLDGS
10:58
Market

2025 PRELIMINARY RESULTS

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BEZ
BEZ Beazley plc
10:56
Market

Form 8.3

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IRSH
IRSH IRSH
10:55
Market

Form 8.3 - Schroders plc

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IRSH
IRSH IRSH
10:54
Market

Form 8.3 - JTC plc

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MLVN
MLVN Malvern International
10:46
Market

Result of GM and Subscription

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CER
CER Cerillion PLC
10:45
Market

Grant of Options

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BARC
BARC Barclays PLC
10:44
Market

Form 8.5 EPT/Non RI SCHRODERS PLC

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CMPI
CMPI CT Global Managed Portfolio…
10:41
Market

Dividend Declaration

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BARC
BARC Barclays PLC
10:41
Market

Form 8.5 EPT/Non RI SENIOR PLC

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BARC
BARC Barclays PLC
10:40
Market

Form 8.5 EPT/Non RI BEAZLEY PLC

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ABDN
ABDN Abrdn PLC
10:39
Market

Form 8.3 - Senior plc

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CTUK
CTUK CT UK Capital And Income In…
10:38
Market

Dividend Declaration

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MUT
MUT Murray Income Trust
10:38
Market

Director/PDMR Shareholding

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NAVF
NAVF Nippon Active Value Fund Plc
10:38
Market

Holding(s) in Company

TR1 Buy

TR1 Buy
['Azvalor Asset Management SGIIC SA', '6.203000', '5.110000']
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BBH
BBH Bellevue Healthcare Trust P…
10:31
Market

Holding(s) in Company

TR1 Buy

TR1 Buy
['Almitas Capital LLC', '0.000000', '0.000000']
Open Terminal Source RNS
MCON
MCON Mincon Group P
10:31
Market

Holding(s) in Company

TR1 Buy

TR1 Buy
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IRSH
IRSH IRSH
10:24
Market

Form 8.3 - Just Group plc

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IRSH
IRSH IRSH
10:21
Market

Form 8.3 - British Land Company plc

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UU.
UU. UU.
10:20
Market

Publication of Amended and Restated Final Terms

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FRAN
FRAN Franchise Brands PLC
10:18
Market

Holding(s) in Company

TR1 Buy

TR1 Buy
['Oxy Capital - SGOIC, S.A.', '4.026134', '3.065969']
Open Terminal Source RNS
BNC
BNC Banco Santander S.A.
10:17
Market

Buyback programme: transactions 27Feb-4Mar

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IRSH
IRSH IRSH
10:13
Market

Form 8.3 - NCC Group plc

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48CF
48CF 48CF
10:02
Market

Final Terms - Amendment

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OCDO
OCDO Ocado Group PLC
10:01
Market

Annual Financial Report and Notice of Meeting

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RR.
RR. RR.
10:01
Market

Annual Report 2025 and Annual General Meeting 2026

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HCM
HCM HUTCHMED China Ltd
10:01
Market

2025 Full Year Results and Business Updates

**Summary of HUTCHMED (China) Limiteds 2025 Full Year Results and Business Updates** HUTCHMED (China) Limited reported robust financial and operational performance for the year ended December 31, 2025, highlighting significant advancement…

**Summary of HUTCHMED (China) Limiteds 2025 Full Year Results and Business Updates**
HUTCHMED (China) Limited reported robust financial and operational performance for the year ended December 31, 2025, highlighting significant advancements in its pipeline, commercial expansion, and financial health.
**Financial Highlights**
**Net Income** $456.9 million, driven by profitable core operations and a $415.8 million divestment gain from the partial sale of SHPL.
**Revenue** $548.5 million, down 13% from 2024 due to lower oncology product revenue in China and reduced milestone payments.
**In-Market Sales** $524.7 million, up 5%, with FRUZAQLA® (fruquintinib ex-China) sales by Takeda rising 26% to $366.2 million, offset by declines in ELUNATE® and ORPATHYS® in China.
**Cash Position** $1.4 billion, bolstered by divestment proceeds and operational cash flows.
**Commercial Progress**
**FRUZAQLA®** Strong global growth, with approvals in 38 countries and launches in Europe, Asia, and the Americas.
**ELUNATE®** Sales stabilized in H2 2025 after initial headwinds, supported by refocused commercial strategies.
**ORPATHYS®** Triggered an $11.0 million milestone payment from AstraZeneca for China approval in lung cancer.
**Pipeline Advances**
**ATTC Platform** Initiated first clinical trial for HMPL-A251 in December 2025, with HMPL-A580 and HMPL-A830 trials progressing.
**Late-Stage Programs** Positive Phase III results for FRUSICA-2 (RCC), ESLIM-02 (wAIHA), and SULANDA®-based combinations, leading to regulatory filings and approvals.
**Regulatory Milestones** Savolitinib approvals in China and Switzerland, fanregratinib NDA acceptance, and tazemetostat conditional approval.
**Strategic Initiatives**
**Partnerships** Exploring collaborations with multinational pharmaceutical companies for ATTC candidates.
**Sustainability** Achieved ESG recognition with A ratings from MSCI and Wind, and inclusion in the S&P Global Sustainability Yearbook 2025.
**Leadership and Outlook**
**Management** Restructured commercial team to drive growth, with significant improvements in H2 2025.
**Guidance** 2026 oncology/immunology revenue projected at $330–$450 million, supported by FRUZAQLA® expansion and new partnerships.
HUTCHMED remains focused on innovation, global expansion, and financial sustainability, positioning itself as a leader in novel cancer therapies.
Below is the HTML table code comparing the financials and debt year on year based on the provided text:
Metric2025 ($ in millions)2024 ($ in millions)Change
Revenue548.5630.2-13%
Oncology/Immunology Revenue285.5363.4-21%
Other Ventures Revenue263.0266.8-1%
Net Income456.937.7+1116%
Cash, Cash Equivalents & Short-Term Investments1,367.3836.1+63%
Total Assets1,753.11,274.2+38%
Total Liabilities501.8502.3-0.1%
R&D Expenses148.3212.1-30%
S&A Expenses103.0112.9-9%
Gain on Divestment (SHPL)415.8-N/A
### Key Notes: 1. **Revenue**: Decreased by 13% year-on-year, primarily due to lower oncology/immunology revenue. 2. **Net Income**: Significantly increased due to a $415.8 million divestment gain from SHPL. 3. **Cash Position**: Improved by 63% due to the divestment proceeds. 4. **R&D Expenses**: Reduced by 30% as higher-cost late-stage trials were completed. 5. **Debt (Bank Borrowings)**: Increased slightly from $82.8 million to $93.2 million. This table provides a concise comparison of key financial metrics between 2025 and 2024.
Open Terminal Source RNS
GENF
GENF Genflow Biosciences plc
09:56
Market

Issue of Equity & PDMR Notifications

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CKI
CKI Ck Infra Holdings Ltd
09:46
Market

Overseas Regulatory Announcement - Board Meeting

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CRDL
CRDL Cordel Group PLC
09:39
Market

Purchase of Shares by PDMR

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INVP
INVP Investec PLC
09:38
Market

Form 8.5 (EPT/RI)-NCC Group plc

Open Terminal Source RNS
BARC
BARC Barclays PLC
09:32
Market

Form 8.5 EPT/Non RI CAB PAYMENTS HOLDINGS PLC

Open Terminal Source RNS
BARC
BARC Barclays PLC
09:32
Market

Form 8.5 EPT/Non RI LONDONMETRIC PROPERTY PLC

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BARC
BARC Barclays PLC
09:32
Market

Form 8.5 EPT/Non RI PICTON PROPERTY INCOME LIMITED

Open Terminal Source RNS
BYIT
BYIT Bytes Technology Ltd
09:31
Market

Holding(s) in Company

<mark style="background-color:yellow">TR1</mark> Buy

<mark style="background-coloryellow">TR1</mark> Buy
['JPMorgan Chase & Co.', '0.344625', 'Below Minimum Threshold']
Open Terminal Source RNS
JUST
JUST Just Group plc
09:18
Market

Holding(s) in Company

TR1 Buy

TR1 Buy
['JPMorgan Chase & Co.', '4.981903', '5.127069']
Open Terminal Source RNS
HKLD
HKLD HONGKONG LAND HLDGS
09:14
Market

Transaction in Own Shares

Open Terminal Source RNS
MNDI
MNDI Mondi PLC
09:11
Market

Annual Financial Report

Open Terminal Source RNS
PEMB
PEMB Pembroke VCT PLC
09:08
Market

Issue of Equity

Open Terminal Source RNS
HLCL
HLCL Helical Bar Plc
09:05
Market

Director/PDMR Shareholding

Open Terminal Source RNS
MFX
MFX Manx Financial Group Plc
09:01
Market

Director Appointment

Open Terminal Source RNS
GSK
GSK GSK plc
09:01
Market

GSK publishes Annual Report 2025

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PAG
PAG Paragon Banking Group PLC
08:59
Market

Director/PDMR Shareholding

Open Terminal Source RNS
IPF
IPF International Personal Fina…
08:59
Market

Holding(s) in Company

TR1 Buy

TR1 Buy
['JPMorgan Chase & Co.', '0.000000', '0.292760']
Open Terminal Source RNS
IPF
IPF International Personal Fina…
08:58
Market

Holding(s) in Company

TR1 Buy

TR1 Buy
Open Terminal Source RNS
JUST
JUST Just Group plc
08:56
Market

Director Declaration

Open Terminal Source RNS
BCE
BCE Beacon Energy PLC
08:52
Market

Results of the EGM

Open Terminal Source RNS
CRH
CRH CRH PLC
08:46
Market

Transaction in Own Shares

Open Terminal Source RNS
KIE
KIE Kier Group PLC
08:35
Market

Transaction in Own Shares

Open Terminal Source RNS
JTC
JTC JTC PLC
08:32
Market

Holding(s) in Company

TR1 Buy

TR1 Buy
['JPMorgan Chase & Co.', '0.719500', '0.595848']
Open Terminal Source RNS
MGAM
MGAM Morgan Advanced Materials p…
08:31
Market

Director/PDMR Shareholding

<mark style="background-color:yellow">Purchase</mark> of Ordinary Shares

<mark style="background-coloryellow">Purchase</mark> of Ordinary Shares
Open Terminal Source RNS
JTC
JTC JTC PLC
08:30
Market

Holding(s) in Company

TR1 Buy

TR1 Buy
['Morgan Stanley', '6.878735', '7.101731']
Open Terminal Source RNS
0H7D
0H7D Deutsche Bank AG NA O.N.
08:29
Market

Form 8.5 (EPT/RI) - Senior PLC

Open Terminal Source RNS
0H7D
0H7D Deutsche Bank AG NA O.N.
08:28
Market

Form 8.5 (EPT/RI) - JTC plc

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0H7D
0H7D Deutsche Bank AG NA O.N.
08:26
Market

Form 8.5 (EPT/RI) -Bluefield Solar Income Fund Ltd

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AUSC
AUSC Abrdn UK Smaller Companies …
08:26
Market

Replacement - Half-year Financial Report

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AMGO
AMGO Amigo Holdings PLC
08:20
Market

Results of the Annual General Meeting

Open Terminal Source RNS
BXP
BXP Beximco Pharmaceuticals Lim…
08:14
Market

Update on Writ Petitions

Open Terminal Source RNS
BCG
BCG Baltic Classifieds Group PLC
08:11
Market

Transaction in Own Shares

Open Terminal Source RNS
HHPD
HHPD Hon Hai Precision Industry …
08:08
Market

Un-Audited Monthly Sales Ended February 28, 2026

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ITRK
ITRK Intertek Group PLC
08:01
Market

Director Declaration

Open Terminal Source RNS
VTY
VTY Vistry Group PLC
08:01
Market

Director/PDMR Shareholding

<mark style="background-color:yellow">Purchase</mark> of shares

<mark style="background-coloryellow">Purchase</mark> of shares
Open Terminal Source RNS
WIZZ
WIZZ Wizz Air Holdings PLC
07:43
Market

Holding(s) in Company

TR1 Buy

TR1 Buy
['Barclays PLC', '0.170000', '0.160000']
Open Terminal Source RNS
SDR
SDR Schroders PLC
07:39
Market

Form 8.3

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WIZZ
WIZZ Wizz Air Holdings PLC
07:38
Market

Holding(s) in Company

TR1 Buy

TR1 Buy
['Indigo Hungary Management LLC', '14.391527', 0]
Open Terminal Source RNS
TPT
TPT Topps Tiles PLC
07:01
Market

Director Declaration

Open Terminal Source RNS
TYT
TYT Toyota Motor Corp
07:01
Market

Executive and senior management change notice

Open Terminal Source RNS
NOTP
NOTP NOTP
07:01
Market

Annual Financial Report

Open Terminal Source RNS
DATA
DATA GlobalData PLC
07:01
Market

Admission to Main Market and AIM cancellation

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GJ03
GJ03 GJ03
06:47
Market

Form 8.5 (EPT/RI) - British Land Company plc, The

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GJ03
GJ03 GJ03
06:43
Market

Form 8.5 (EPT/RI) - Life Science REIT plc

Open Terminal Source RNS
GJ03
GJ03 GJ03
06:41
Market

Form 8.5 (EPT/RI) - John Wood Group plc

Open Terminal Source RNS
DO72
DO72 DO72
06:39
Market

Form 8.5 (EPT/NON-RI) - British Land Company plc

Open Terminal Source RNS
DO72
DO72 DO72
06:38
Market

Form 8.5 (EPT/NON-RI) - John Wood Group plc

Open Terminal Source RNS
QHE
QHE Quantum Helium Limited
06:33
Market

Correction: Sagebrush Operatorship to be finalised

Open Terminal Source RNS
MTLN
MTLN Metlen Energy & Metals PLC
06:31
Market

METLEN & PPC Group develop energy storage projects

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SN.
SN. SN.
06:31
Market

Director Declaration

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YW57
YW57 YW57
06:31
Market

Half-year Financial Report

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WIX
WIX Wickes Group PLC
06:28
Market

TR1 Notification of Major Interest

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CAN
CAN Groupe Canal Plus
06:11
Market

MCG RETIRES SHOWMAX AFTER COMPREHENSIVE REVIEW

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GMP
GMP Gabelli Merger Plus+ Trust …
06:11
Market

Dividend Declaration

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BBY
BBY Balfour Beatty plc
06:11
Market

Transaction in Own Shares

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0A3F
0A3F 0A3F
06:11
Market

Net Asset Value(s)

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0A3D
0A3D iShares VII Public Limited …
06:11
Market

Net Asset Value(s)

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0A3E
0A3E 0A3E
06:11
Market

Net Asset Value(s)

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CMB1
CMB1 iShares FTSE MIB UCITS
06:11
Market

Net Asset Value(s)

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0A3G
0A3G 0A3G
06:11
Market

Net Asset Value(s)

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SSPG
SSPG SSP Group PLC
06:11
Market

Transaction in Own Shares

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GMP
GMP Gabelli Merger Plus+ Trust …
06:06
Market

Half-year Financial Report

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HTG
HTG Hunting PLC
06:06
Market

Transaction in Own Shares

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OSB
OSB OneSavings Bank PLC
06:06
Market

OSB GROUP PLC - Share Repurchase Programme

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SSPG
SSPG SSP Group PLC
06:03
Market

Appointment of Chair

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QHE
QHE Quantum Helium Limited
06:03
Market

Sagebrush operatorship finalised. Test to commence

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SRP
SRP Serco Group
06:03
Market

Share Repurchase Programme

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GRP
GRP Greencoat Renewables PLC
06:03
Market

New Green Digital Infrastructure Platform Launch

**Summary:** Greencoat Renewables PLC announced the launch of a new **Green Digital Infrastructure Platform** on March 5, 2026, focusing on renewable energy-powered data centers to support AI-driven growth. The platform’s inaugural invest…

**Summary**
Greencoat Renewables PLC announced the launch of a new **Green Digital Infrastructure Platform** on March 5, 2026, focusing on renewable energy-powered data centers to support AI-driven growth. The platform’s inaugural investment is **Drogheda Energy Park** in Ireland, a brownfield site near Drogheda Port, which will integrate flexible renewable energy generation, storage, and grid services. This 50:50 joint venture with Schroders Greencoat’s SCSL Global Energy Infrastructure aims to capitalize on Ireland’s emerging digital infrastructure cycle, supported by the government’s **Large Energy-Users Action Plan (LEAP)**. Drogheda Energy Park, with its advanced planning consent for a 36MW data center, will source renewable energy via corporate PPAs, contributing to Ireland’s net-zero goals while boosting regional investment and employment. Greencoat Renewables leverages its expertise in renewable energy and grid infrastructure to address the complex energy demands of hyperscalers and large digital infrastructure projects. The platform plans to expand further into Ireland and other European markets.
Launch
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GFTU
GFTU Grafton Group plc
06:03
Market

Share Buyback Programme

**Summary:** Grafton Group plc, a European multinational distributor of construction-related products and solutions, announced on March 5, 2026, its intention to launch a new share buyback programme. The company has entered into non-discr…

**Summary**
Grafton Group plc, a European multinational distributor of construction-related products and solutions, announced on March 5, 2026, its intention to launch a new share buyback programme. The company has entered into non-discretionary arrangements with Goodbody Stockbrokers UC and Deutsche Bank AG to repurchase ordinary shares for a maximum aggregate consideration of £25 million. The buyback programme will commence on March 5, 2026, and is expected to end by August 31, 2026, subject to market conditions.
Under the programme, up to 15,611,936 shares will be repurchased on the London Stock Exchange and subsequently cancelled, with the aim of reducing the companys share capital. The buyback will comply with relevant regulations, including the Market Abuse Regulation and UK Financial Conduct Authority rules. The company will provide further updates on the progress of the buyback programme, although there is no guarantee it will be fully implemented.
**Key Points**
Grafton Group plc announces a new share buyback programme.
Maximum aggregate consideration£25 million.
Programme duration: March 52026 – August 312026 (subject to market conditions).
Maximum number of shares to be repurchased: 15,611,936.
Shares will be repurchased on the London Stock Exchange and cancelled.
Compliance with Market Abuse Regulation and UK FCA rules.
No guarantee of full implementation.
BuyBack
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HTG
HTG Hunting PLC
06:03
Market

Cost Reduction Plan & Update to Capital Allocation

**Summary:** Hunting PLC, a global precision engineering group, announced updates to its cost reduction plans and capital allocation priorities as part of its Hunting 2030 Strategy. Key highlights include: 1. **Cost Reduction Plan**: …

**Summary**
Hunting PLC, a global precision engineering group, announced updates to its cost reduction plans and capital allocation priorities as part of its Hunting 2030 Strategy. Key highlights include
1. **Cost Reduction Plan**
A cost reduction program running through 2027 aims to increase profitability and streamline centralized costs, with projected savings of approximately $15 million, in addition to the $20 million already saved through restructuring efforts in the Hunting Titan and EMEA segments.
The closure of the Fordoun, Aberdeen site by June 2026 and the implementation of regional shared-service functions in Europe and North America are expected to contribute to ongoing SG&A cost savings.
2. **Capital Allocation Update**
A proposed $40 million Share Buyback program will be executed over two years (until March 2028), with $20 million targeted annually. This aligns with the company’s balanced capital allocation strategy, matching proposed dividend distributions.
The buyback reflects confidence in cash generation and aims to enhance shareholder returns.
3. **Strategic Focus**
Hunting remains committed to maximizing profitability, cash generation, and pursuing growth opportunities through its key products and technology offerings as part of its 2030 Strategy.
CEO Jim Johnson emphasized the company’s focus on profitability, cash generation, and shareholder returns, highlighting the extension of ambitions to 2028 with the new buyback program. Hunting PLC operates globally, with segments across North America, EMEA, Asia Pacific, and product groups including OCTG, Perforating Systems, and Subsea Technologies.
Below is the HTML table code comparing the financials and debt year-on-year based on the provided text. Since the text does not explicitly provide detailed financial or debt figures for specific years, the table is structured to reflect the key financial initiatives and their timelines as mentioned in the announcement.
Metric20242025202620272028
Cost Reduction Initiatives$20 million (restructuring started)Regional shared-service functions implemented in Q4$20 million savings realized by JuneAdditional $15 million savings ongoingTotal $15 million annual savings expected
Share Buyback ProgrammeN/AN/ANew $40 million programme announced$20 million targeted$20 million targeted (completion)
Capital Allocation FocusRestructuring and profitabilityShared-service implementationShare buyback and growth opportunitiesBalanced capital allocationReturns to shareholders
### Explanation: 1. **Cost Reduction Initiatives**: The table highlights the cost savings and restructuring efforts across the years, as mentioned in the text. 2. **Share Buyback Programme**: The $40 million share buyback programme is spread over 2026 to 2028, with $20 million targeted per year. 3. **Capital Allocation Focus**: The table summarizes the shifting focus of capital allocation over the years, from restructuring to shareholder returns. This table provides a structured overview of the key financial and strategic initiatives mentioned in the announcement.
Open Terminal Source RNS
VTU
VTU Vertu Motors Plc
06:02
Market

Share Buyback Programme

**Summary:** Vertu Motors PLC announced a new £12 million share buyback programme on March 5, 2026, reflecting the Boards commitment to increasing capital allocation for buybacks as part of its shareholder return strategy, alongside divid…

**Summary**
Vertu Motors PLC announced a new £12 million share buyback programme on March 5, 2026, reflecting the Boards commitment to increasing capital allocation for buybacks as part of its shareholder return strategy, alongside dividend payments. The programme, executed by broker Shore Capital Stockbrokers Limited, will utilize the companys existing cash resources to repurchase ordinary shares on the London Stock Exchange until February 28, 2027, or until the maximum amount is reached. Repurchased shares will be cancelled. The company has remaining authority to buy back up to 21,696,787 shares and plans to seek renewal of this authority at the 2026 AGM. The programme will comply with UK market regulations, though it may occasionally exceed 25% of daily trading volume, potentially limiting certain regulatory exemptions. Further announcements will follow share repurchase completions, with no guarantee of full implementation.
**Key Points**
£12 million share buyback programme announced.
Repurchases to be executed via Shore Capital until February 28, 2027.
Shares will be cancelled upon repurchase.
Programme aligns with shareholder return strategy, alongside dividends.
Compliance with UK market regulations, with potential exceptions for high trading volume days.
No certainty of full programme implementation.
BuyBack
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TW.
TW. TW.
06:02
Market

Share Buyback Programme

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RKT
RKT Reckitt Benckiser Group PLC
06:02
Market

Directorate change

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FSFL
FSFL Foresight Solar Fund Ltd
06:02
Market

Notice of results

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AV.
AV. AV.
06:02
Market

Buyback of Ordinary Shares

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ABF
ABF Associated British Foods PLC
06:02
Market

Appointment of Primark Chief Executive

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IBST
IBST Ibstock PLC
06:02
Market

Appointment of Non-Executive Director

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PRU
PRU Prudential plc
06:02
Market

Holding(s) in Company

TR1 Buy

TR1 Buy
['Norges Bank', '4.020270', '3.974210']
Open Terminal Source RNS
CABP
CABP CAB Payments Holdings Ltd
06:02
Market

Further response to firm offer announcement

CAB Payments Holdings PLC has issued a further response to the firm offer announcement by the Helios Consortium, reiterating its stance that the offer is highly opportunistic and fundamentally undervalues the company. The Independent Board…

CAB Payments Holdings PLC has issued a further response to the firm offer announcement by the Helios Consortium, reiterating its stance that the offer is highly opportunistic and fundamentally undervalues the company. The Independent Board of CAB Payments has unanimously recommended that shareholders reject the offer, citing several reasons
1. **Positive Inflection Point**CAB Payments FY25 results marked a significant turnaround, with double-digit growth, improved financial performance, and strategic progress. The company has strengthened its client base, diversified its revenue streams, and expanded its global footprint.
2. **Undervaluation**The Helios Consortiums offer is considered low, with a premium of only around 18% based on the undisturbed share price before the offer announcement. The Independent Board believes this undervalues CAB Payments strategic progress, financial performance, and future prospects.
3. **Long Timeline and Regulatory Hurdles**: The offer process is expected to be protracted, with several material regulatory pre-conditions to be satisfied or waived before the offer document can be published. The timeline may extend into Q2 2027, creating uncertainty for shareholders.
4. **USD Consideration and FX Risk**The cash offer is denominated in USD, exposing shareholders to foreign exchange rate fluctuations during the prolonged offer period.
5. **Illiquid Share Alternative**The partial share alternative offered by Helios Consortium includes non-voting, illiquid rollover securities with restrictive transfer conditions and lock-ups, making them difficult to realize.
6. **Confidence in Future Growth**CAB Payments has updated its medium-term growth guidance, expecting high-teens to low-twenties compound annual growth rate in Total Income (excluding Net Interest Income) over the next three years. The companys strategic initiatives, improved operating leverage, and capital-lite model are expected to drive shareholder value.
7. **Scarcity Value and High Barriers to Entry**: CAB Payments unique position, with deeply embedded central bank relationships and regulatory approvals, creates structural barriers for new entrants and intensifies network effects as payment flows scale.
The Independent Board has communicated its rationale for rejecting the offer to the Helios Consortium and has engaged extensively with major shareholders. Shareholders are advised to take no action regarding the offer at this time, as the formal offer document is not expected to be published until regulatory clearances are obtained. The Independent Board will provide a detailed circular to shareholders once the offer document is published, outlining its reasons for recommending rejection.
Offers
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GRP
GRP Greencoat Renewables PLC
06:02
Market

Commencement of Share Buyback Programme

**Summary:** Greencoat Renewables PLC announced the commencement of its share buyback programme on March 5, 2026, with an initial tranche of €25 million. This is part of a larger €100 million buyback plan over the next 12 months, aimed at…

**Summary**
Greencoat Renewables PLC announced the commencement of its share buyback programme on March 5, 2026, with an initial tranche of €25 million. This is part of a larger €100 million buyback plan over the next 12 months, aimed at reducing share capital and addressing a significant discount to NAV. The programme will be executed by J&E Davy and RBC Europe Limited on Euronext Dublin, with shares being repurchased and subsequently cancelled. The buyback is authorized under the companys general authority and complies with EU and UK market regulations. Greencoat Renewables, managed by Schroders Greencoat LLP, invests in euro-denominated renewable energy infrastructure assets, primarily in Ireland and select European countries. The programme is expected to run until September 30, 2026, subject to market conditions.
BuyBack
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GROW
GROW Draper Esprit PLC
06:01
Market

Transaction in Own Shares

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BOOT
BOOT Henry Boot PLC
06:01
Market

Henry Boot completes £8.6m sale of retail asset

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TPFG
TPFG Property Franchise Group PLC
06:01
Market

Notice of Results and Presentations

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ECOB
ECOB Eco Buildings Group plc
06:01
Market

Appointment of Strategic Adviser

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ATT
ATT Allianz Technology Trust PLC
06:01
Market

Kepler Trust Intelligence: New Research

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ATYM
ATYM Atalaya Mining Ltd
06:01
Market

Notice of 2025 Annual Results

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TERN
TERN Tern Plc
06:01
Market

Extension of loan facility agreement

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SALT
SALT MicroSalt PLC
06:01
Market

New UK customer

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ZIN
ZIN Zinc Media Group
06:01
Market

Zinc Announces WHAM! Documentary

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CGEO
CGEO Georgia Capital PLC
06:01
Market

Lion Finance Group PLC to join FTSE 100 Index

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TRU
TRU Trufin PLC
06:01
Market

Notice of Results and Investor Presentation

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VUL
VUL VUL
06:01
Market

Lease Signed for New Distribution Centre

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FRAN
FRAN Franchise Brands PLC
06:01
Market

Notice of Results

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PRD
PRD Predator Oil & Gas Holdings…
06:01
Market

Technical Report for Cory Moruga onshore Trinidad

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IGG
IGG IG Group Holdings PLC
06:01
Market

Unaudited calendar year financial information

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KP2
KP2 Kore Potash Plc
06:01
Market

CDI Monthly Movement

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HE1
HE1 Helium One Global Ltd
06:01
Market

Galactica Project Update

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ABDX
ABDX Abingdon Health Plc
06:01
Market

Notice of Results

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ZAM
ZAM Zambeef Products PLC
06:01
Market

NOTICE OF CHANGE OF VENUE FOR EGM

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MPE
MPE M.P.Evans Group
06:01
Market

Notice of Results

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ORIT
ORIT Octopus Renewables Infra Tr…
06:01
Market

Notice of Final Results and Investor Presentation

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MBH
MBH Michelmersh Brick Holdings …
06:01
Market

Analyst and Investor Presentations

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STAF
STAF Staffline Group Plc
06:01
Market

Completion of Buyback Programme

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EKF
EKF EKF Diagnostics Holdings Plc
06:01
Market

Notice of Results

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TKO
TKO Taseko Mines Limited
06:01
Market

Director/PDMR Shareholding

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TKO
TKO Taseko Mines Limited
06:01
Market

Director/PDMR Shareholding

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RM.
RM. RM.
06:01
Market

RM plc: Final Results for the year ended 30 November 2025

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SPI
SPI Spire Healthcare Group Plc
06:01
Market

Preliminary Results

<mark style="background-color:yellow"></mark>

<mark style="background-coloryellow"></mark>
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RTO
RTO Rentokil Initial PLC
06:01
Market

Preliminary Results

Rentokil Initial PLC, a global leader in pest control and hygiene services, announced its preliminary results for 2025, highlighting strategic progress and financial performance. Key takeaways include: **Financial Performance:** - **Reven…

Rentokil Initial PLC, a global leader in pest control and hygiene services, announced its preliminary results for 2025, highlighting strategic progress and financial performance. Key takeaways include
**Financial Performance**
**Revenue Growth** Group revenue increased by 3.8% to $6,908 million, driven by strong demand and pricing across key markets. Organic revenue growth was 2.6%, with improvements in the second half (H2) of the year.
**Profitability** Adjusted Operating Profit rose by 5.4% to $1,070 million, with a margin of 15.5%. Adjusted Profit Before Tax reached $876 million, and Free Cash Flow increased by 24.5% to $615 million.
**Dividend** A recommended final dividend of 8.24 cents per share was announced, bringing the total FY25 dividend to 12.39 cents, up 3.0% year-on-year.
**Strategic Initiatives**
**North America Focus** Rentokil is streamlining its North American operations, aiming to retain 30 brands covering 90% of revenues and expand its branch network to around 800 locations by the end of 2026. This includes a focus on local brands and satellite branches to enhance customer proximity.
**Cost Efficiency** The company is on track to achieve a $100 million cost reduction in North America by 2027, with $25 million saved in 2025. This is expected to improve the operating margin to <mark style="background-color:yellow">above</mark> 20% by 2027.
**Digital and AI Investment** Rentokil is investing in data capabilities, product innovation, and AI to drive performance. The Gemini platform and in-house AI tools like RAT-GPT are being rolled out to improve productivity and customer service.
**Regional Performance**
**North America** Organic Revenue Growth improved to 2.3%, with Pest Control Services showing a strong recovery in Q4. The regions Adjusted Operating Profit margin increased to 17.4%.
**International** The International segment saw Organic Revenue Growth of 3.0%, with strong performances in the UK, Southern Europe, India, and Indonesia. Adjusted Operating Profit margin was 19.8%.
**Outlook**
Despite geopolitical uncertainties and weather-related disruptions, Rentokil expects FY 2026 financial results to be in line with market expectations.
The company remains focused on executing its strategic initiatives, particularly in North America, to drive growth and improve margins.
**Leadership Transition**
Andy Ransom, CEO, announced his departure, with Mike Duffy appointed as his successor. Ransom expressed gratitude for the teams efforts during his 12-year tenure and confidence in the companys future under new leadership.
In summary, Rentokil Initials 2025 results reflect a year of strategic progress, with improved financial performance, particularly in the second half. The company is well-positioned to capitalize on industry growth, driven by its leading market positions and ongoing strategic initiatives, especially in North America.
Here is the HTML table code comparing the financials and debt year on year for Rentokil Initial PLC:
Metric2025 ($m)2024 ($m)Change (reported) %Change (constant currency) %
Revenue6,9086,6174.4%3.8%
EBITDA1,4301,3654.8%
Operating Profit1,0701,0086.2%5.4%
Profit before Tax8768424.0%4.1%
Free Cash Flow61549424.5%
Net debt3,6504,017
Net debt:EBITDA2.6x2.9x
**Key Observations:** - Revenue increased by 4.4% (reported) and 3.8% (constant currency) from 2024 to 2025. - EBITDA grew by 4.8% from 2024 to 2025. - Operating Profit increased by 6.2% (reported) and 5.4% (constant currency) from 2024 to 2025. - Profit before Tax rose by 4.0% (reported) and 4.1% (constant currency) from 2024 to 2025. - Free Cash Flow significantly improved by 24.5% from 2024 to 2025. - Net debt decreased from $4,017 million in 2024 to $3,650 million in 2025. - Net debt to EBITDA ratio improved from 2.9x in 2024 to 2.6x in 2025. This table provides a concise comparison of key financials and debt metrics for Rentokil Initial PLC between 2024 and 2025.
Open Terminal Source RNS
ELM
ELM Elementis PLC
06:01
Market

Preliminary Results

**Summary of Elementis PLC Preliminary Results for the Year Ended 31 December 2025** Elementis PLC, a specialty chemicals company, reported its preliminary results for the year ended 31 December 2025, highlighting a resilient financial pe…

**Summary of Elementis PLC Preliminary Results for the Year Ended 31 December 2025**
Elementis PLC, a specialty chemicals company, reported its preliminary results for the year ended 31 December 2025, highlighting a resilient financial performance despite challenging market conditions. The companys revenue remained stable at $597.5 million, with a strong adjusted operating profit of $126.7 million, up 4.6% from the previous year. The adjusted operating margin also improved to 21.2%, reflecting efficient cost management and operational improvements.
**Key Financial Highlights**
**Revenue** $597.5 million, slightly down from $603.8 million in 2024, primarily due to lower volumes in the Coatings segment.
**Adjusted Operating Profit** $126.7 million, up 6.3% from $119.2 million in 2024, driven by self-help initiatives and cost savings.
**Adjusted Operating Margin** 21.2%, up from 19.7% in 2024, demonstrating improved profitability.
**Statutory Loss** $45.5 million, including a $110.5 million loss on the sale of the Talc business in H1 2025.
**Dividend** Proposed final dividend of 3.0 cents per share, resulting in a full-year dividend of 4.3 cents per share, up 7.5%.
**Strategic Progress**
**Elevate Elementis Strategy** Launched in July 2025, focusing on accelerating sustainable growth, becoming the first choice for customers, and simplifying operations.
**Acquisition of Alchemy** Acquired for $22 million, enhancing the companys position in the fast-growing natural skincare and cosmetics markets.
**Debottlenecking and Cost Savings** Achieved a 20% uplift in capacity utilization at the St. Louis plant and delivered $18 million in cost savings in 2025.
**Sale of Pharmaceutical Business** Agreed to sell the pharmaceutical manufacturing business to Associated British Foods for approximately $40 million, expected to complete in Q2 2026.
**Segment Performance**
**Personal Care** Revenue up 2.4% to $224.5 million, with strong operating margin improvement to 32.4%.
**Coatings** Revenue down 4.3% to $373.0 million due to soft demand, but operating margin remained resilient at 18.9%.
**Sustainability and Innovation**
**Sustainability** Achieved zero lost time accidents in 2025 and made progress towards science-based targets for greenhouse gas reductions.
**Innovation** Increased R&D investment to 3% of revenue, with innovation revenue up to 16.4%.
**Outlook**
Elementis remains confident in its ability to deliver progress in 2026, despite ongoing challenges in the coatings market and geopolitical uncertainties. The company is well-positioned to capitalize on opportunities in its core markets and adjacent areas, driven by its Elevate Elementis strategy and focus on innovation and sustainability.
**CEO Comment**
Luc van Ravenstein, CEO, expressed satisfaction with the resilient performance and highlighted the companys strategic progress, including the successful sale of the Talc business and the launch of the Elevate Elementis strategy. He emphasized the companys commitment to innovation, customer focus, and operational efficiency, positioning Elementis for long-term growth and value creation.
Here is the HTML table code comparing the financials and debt year on year for Elementis PLC:
Metric2025 ($m)2024 ($m)Change (%)
Revenue597.5603.8(1.0%)
Adjusted Operating Profit126.7119.26.3%
Net Debt185.4157.217.9%
Net Debt to EBITDA1.31.118.2%
Personal Care Revenue224.5217.43.3%
Coatings Revenue373.0386.4(3.5%)
Operating Profit Margin (%)21.2%19.7%150 bps
Diluted Earnings per Share (cents)13.712.014.2%
Ordinary Dividend per Share (cents)4.34.07.5%
**Key Observations:** * **Revenue:** Slightly decreased by 1.0% from 2024 to 2025, primarily due to lower volumes in Coatings. * **Adjusted Operating Profit:** Increased by 6.3%, driven by self-help initiatives and proactive cost management. * **Net Debt:** Increased by 17.9%, mainly due to the acquisition of Alchemy and share buyback program. * **Net Debt to EBITDA:** Increased by 18.2%, reflecting the higher net debt level. * **Personal Care Revenue:** Grew by 3.3%, driven by improved pricing and volumes. * **Coatings Revenue:** Declined by 3.5% due to weaker volume demand in industrial and architectural coatings. * **Operating Profit Margin:** Improved by 150 basis points, indicating better cost control and operational efficiency. * **Diluted Earnings per Share:** Increased by 14.2%, primarily due to higher profit after tax. * **Ordinary Dividend per Share:** Increased by 7.5%, reflecting the company's confidence in its financial performance.
Open Terminal Source RNS
ITV
ITV ITV PLC
06:01
Market

ITV plc Full Year Results 2025

**Summary of ITV PLC Full Year Results 2025 (Released March 2026)** ITV PLC reported a resilient performance for the full year 2025, exceeding market expectations despite a challenging industry backdrop. The company’s **More Than TV** s…

**Summary of ITV PLC Full Year Results 2025 (Released March 2026)**
ITV PLC reported a resilient performance for the full year 2025, exceeding market expectations despite a challenging industry backdrop. The company’s **More Than TV** strategy continued to drive transformation, with two-thirds of revenues now coming from ITV Studios and its digital Media & Entertainment (M&E) business.
**Key Financial Highlights**
**Group total external revenue** increased by **1%** to £3.51 billion, with **ITV Studios** revenue growing **5%** to £2.13 billion, driven by strong demand from global streaming platforms.
**Digital revenues** rose **10%** to £614 million, offsetting a **5% decline** in linear advertising revenue.
**Adjusted EBITA** remained stable, down only **1%** to £531 million, supported by **£63 million** in permanent non-content cost savings.
**Adjusted EPS** declined **11%** to 8.5p, while the Board proposed a **5.0p per share** full-year dividend, totaling £190 million.
**Business Segments**
**ITV Studios** outperformed the market, with **10% growth** in external revenue, reflecting its global scale and diversification. Adjusted EBITA margin was **13.9%**, slightly down due to revenue mix changes.
**M&E** saw **16% growth** in ITVX viewing and **12% growth** in digital advertising revenues, though total revenue declined **5%** due to lower linear advertising.
**Strategic Progress**
ITVX successfully drove profitable growth, recouping its entire investment four years ahead of schedule.
The company secured exclusive rights to major sporting events, including the expanded Men’s Football World Cup and all England Men’s rugby matches.
Discussions with Sky regarding a potential sale of the M&E business are ongoing, though no certainty of a transaction exists.
**Outlook for 2026**
ITV Studios is expected to deliver **good revenue growth**, with adjusted EBITA margins at the lower end of the **13%-15%** range.
M&E is forecast to generate strong digital advertising revenue growth, supported by ITVX’s success.
**Q1 2026 TAR** is expected to decline by **2%**, better than anticipated, with advertisers focusing on Q2 and Q3 around the Football World Cup.
An additional **£20 million** in permanent non-content cost savings is planned for 2026, with total content spend around **£1.225 billion**.
**Conclusion**
ITV PLC demonstrated its ability to adapt and grow in a rapidly evolving media landscape, with a focus on digital transformation, cost efficiency, and strategic content investments. The company remains confident in its ability to deliver profitable growth and strong cash generation in 2026 and beyond.
Here is the HTML table code comparing the financials and debt year on year for ITV PLC:
Metric2025 (£m)2024 (£m)Change (£m)Change (%)
ITV Studios total revenue2,1302,038925%
Total advertising revenue1,7231,820(97)(5%)
M&E non-advertising revenue268282(14)(5%)
M&E total revenue1,9912,102(111)(5%)
Total group revenue4,1214,140(19)0%
Group external revenue3,5113,488231%
Total non-advertising revenue2,3982,320783%
ITV Studios adjusted EBITA297299(2)(1%)
M&E adjusted EBITA234250(16)(6%)
Adjusted EBITA531549(18)(3%)
Group adjusted EBITA534542(8)(1%)
Profit before tax (adjusted)448472(24)(5%)
Adjusted EPS (p)8.59.6(1.1)(11%)
Net debt as at 31 December(566)(431)(135)(31%)
**Note:** The table only includes the key financial metrics mentioned in the text. The debt comparison is based on the "Net debt as at 31 December" metric. The table uses a simple border for clarity and includes headers for each column.
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RTO
RTO Rentokil Initial PLC
06:01
Market

Chair Succession Planning Update

Open Terminal Source RNS
ABF
ABF Associated British Foods PLC
06:01
Market

Appointment of ABF Chief Financial Officer

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BBSN
BBSN Brave Bison Group PLC
06:01
Market

Holding(s) in Company

TR1 Buy

TR1 Buy
['Michael Anthony Ashcroft', '23.43', '25.33']
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TAM
TAM Tatton Asset Management plc
06:01
Market

Exercise of Options and TVR

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LBG
LBG LBG Media PLC
06:01
Market

Appointment of Chief Financial Officer

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PTSB
PTSB Permanent TSB Group Holding…
06:01
Market

Final Dividend

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XPS
XPS XPS Pensions Group PLC
06:01
Market

Non-Executive Director Appointments

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DRX
DRX Drax Group PLC
06:01
Market

Appointment of Interim CFO

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ALT
ALT Altitude Group Plc
06:01
Market

Appointment of Independent Non-Executive Director

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ADIG
ADIG Aberdeen Diversified Income…
06:01
Market

Interim Dividend

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BEZ
BEZ Beazley plc
06:01
Market

Directorate change

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WINE
WINE Naked Wines plc
06:01
Market

Director/PDMR Shareholding

Following the <mark style="background-color:yellow">purchase</mark> of shares, Mr. Pailings beneficial interest in the Company and that of persons closely associated with him is 961,843 Ordinary Shares representing approximately 1.34% of t…

Following the <mark style="background-color:yellow">purchase</mark> of shares, Mr. Pailings beneficial interest in the Company and that of persons closely associated with him is 961,843 Ordinary Shares representing approximately 1.34% of the issued share capital of the Company.
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HBR
HBR Harbour Energy PLC
06:01
Market

Full year results for the year to 31 December 2025

Harbour Energy PLC has released its full-year results for 2025, highlighting significant progress in operational performance, strategic growth, and financial strength. Key highlights include: - **Record Production and Operational Excellen…

Harbour Energy PLC has released its full-year results for 2025, highlighting significant progress in operational performance, strategic growth, and financial strength. Key highlights include
**Record Production and Operational Excellence**: Harbour achieved record production of 474 thousand barrels of oil equivalent per day (kboepd), an 84% increase from 2024, driven by new wells and projects in the UK, Norway, Argentina, and Egypt. Unit operating costs were reduced by 22% to $12.8/boe, and the company maintained a strong safety record with a Total Recordable Injury Rate (TRIR) of 1.1 per million hours worked.
**Strategic Growth and Acquisitions**Harbour made substantial progress in its growth projects, including becoming the operator of the Zama oil field in Mexico and advancing the Southern Energy LNG project in Argentina. The company also completed the acquisition of LLOG, entering the US deepwater Gulf of America, and announced the acquisition of Waldorf in the UK, which is expected to unlock significant financial synergies.
**Financial Performance**Revenue and other income increased to $10.3 billion, with adjusted EBITDAX rising to $7.2 billion. Free cash flow grew to $1.1 billion, and adjusted profit after tax reached $0.6 billion. The company maintained investment-grade credit ratings and adopted a new distribution policy linking shareholder returns directly to free cash flow.
**Shareholder Returns**Harbour returned approximately 40% of annual free cash flow to shareholders since 2022 and aims to return 45-75% of free cash flow annually under the new policy. A final dividend of 8.05 cents per voting ordinary share was declared for 2025, bringing total distributions to $478 million.
**2026 Outlook**Harbour expects production to range between 475-500 kboepd in 2026, with unit operating costs around $14.5/boe and total capital expenditure of $2.2-2.4 billion. Free cash flow is estimated at $0.6 billion, assuming $65/bbl Brent and $11/mscf European gas prices. The company remains focused on safety, operational excellence, and advancing its growth projects.
Overall, Harbour Energys 2025 results demonstrate strong operational and financial performance, strategic growth through acquisitions, and a commitment to returning value to shareholders. The company is well-positioned for continued success in 2026 and beyond.
Here is the comparison of financials and debt year on year presented as an HTML table:
Metric20242025Change
Revenue and other income ($ million)6,22610,261+65%
Adjusted EBITDAX ($ million)4,1467,196+74%
Free cash flow ($ million)(118)1,066+1,053%
Net debt ($ million)4,4244,305-3%
Leverage ratio (times)1.10.6-45%
Production (kboepd)258474+84%
Unit operating costs ($/boe)16.512.8-22%
**Key Observations:** - **Revenue and Adjusted EBITDAX:** Significant increases in both metrics, driven by higher production volumes, improved operational performance, and the full-year contribution from the Wintershall Dea assets. - **Free Cash Flow:** A substantial improvement from a negative to a positive value, reflecting strong operational execution, capital discipline, and the scale of the enlarged portfolio. - **Net Debt and Leverage Ratio:** Net debt decreased slightly, while the leverage ratio improved significantly due to the substantial increase in EBITDAX. - **Production and Unit Operating Costs:** Production nearly doubled, while unit operating costs decreased significantly, showcasing improved operational efficiency.
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FDEV
FDEV Frontier Developments Plc
06:01
Market

Director/PDMR Shareholding

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LMP
LMP LondonMetric Property Plc
06:01
Market

Dividend Declaration

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BBSN
BBSN Brave Bison Group PLC
06:01
Market

Holding(s) in Company

TR1 Buy

TR1 Buy
['Slater Investments', '4.786412', 0]
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THS
THS Tharisa plc
06:01
Market

Dealing in securities by director and secretary

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IQE
IQE IQE PLC
06:01
Market

IQE plc: Rule 2.9 Announcement

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CABP
CABP CAB Payments Holdings Ltd
06:01
Market

CAB Payments Full Year 2025 Results

CAB Payments Holdings PLC, a specialist bank connecting fast-growing markets to the global financial system, announced its full-year 2025 results, marking a return to profitable growth. Key highlights include: - **Financial Performance**:…

CAB Payments Holdings PLC, a specialist bank connecting fast-growing markets to the global financial system, announced its full-year 2025 results, marking a return to profitable growth. Key highlights include
**Financial Performance**Total Income increased by 12% year-on-year to £119 million, and Adjusted EBITDA rose by 14% to £35 million. Adjusted EPS grew by 9% to 6.8p, though Reported EPS decreased slightly to 5.4p due to one-off restructuring costs.
**Client and Volume Growth**Active clients increased to 592, up from 546 in 2024, with client onboarding times reduced by 40%. Wholesale FX & Payment FX volumes grew by 13% to £41.9 billion, and payments processed increased by 19% to 1.2 million transactions.
**Strategic Expansion**CAB Payments opened new offices in New York and Abu Dhabi, expanding its global footprint. The company also appointed additional US dollar and euro clearing banking partners to enhance operational resilience.
**Capital and Liquidity**The pro-forma CET1 ratio strengthened to 22.1%, and the balance sheet remains highly liquid with strong NSFR and LCR ratios.
**Outlook**CAB Payments targets high-teens to low 20s percentage CAGR growth in Total Income (excluding Net Interest Income) over the next three years, driven by increased operational leverage and capital generation.
**Strategic KPIs**Significant improvements were noted in active clients, total FX volumes, payments processed, and revenue diversification. Trade Finance income grew by 52%, and average deposits increased by 4% to £1.5 billion.
**Management Commentary**Group CEO Neeraj Kapur emphasized the companys strategic realignment, relationship-led approach, and focus on fast-growing, hard-to-reach markets. The company is investing in its network, people, products, and platform to sustain growth.
**Investor Relations**CAB Payments hosted webcasts for analysts, institutional investors, and retail investors to discuss the results and future prospects.
Overall, CAB Payments demonstrated strong financial and operational performance in 2025, positioning itself for sustained growth in 2026 and beyond.
Here is the HTML table code comparing the financials and debt year on year based on the provided text:
Metric20252024YoY Growth %
Total Income (£m)119.0106.412%
Adjusted EBITDA (£m)35.230.814%
Adjusted EPS (pence)6.86.39%
Reported EPS (pence)5.45.6-4%
Active Clients5925468%
Wholesale FX & Payment FX Volumes (£bn)41.937.213%
Payments Processed (transactions)1.2mN/A19%
Proforma CET1 Ratio (%)22.119.215%
Total CET1 Capital (£m)129.3116.011%
Core Capex (£m)8.612.5-31%
Operating Free Cash Flow (£m)27.215.575%
**Notes:** * The table compares key financial metrics and debt-related figures for CAB Payments Holdings PLC between 2025 and 2024. * The data is extracted from the provided text, which is a news article announcing CAB Payments' full-year 2025 results. * Some metrics, such as Payments Processed, did not have a comparable figure for 2024, so the YoY Growth % is based on the available information. * The table does not include all financial metrics mentioned in the text, but rather focuses on the most relevant ones for comparing financials and debt year on year.
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BMY
BMY Bloomsbury Publishing Plc
06:01
Market

Trading Update

**Summary:** Bloomsbury Publishing PLC released a trading update on March 5, 2026, highlighting strong performance and future growth prospects. Key points include: 1. **Sarah J. Maas New Releases:** Bestselling author Sarah J. Maas annou…

**Summary**
Bloomsbury Publishing PLC released a trading update on March 5, 2026, highlighting strong performance and future growth prospects. Key points include
1. **Sarah J. Maas New Releases** Bestselling author Sarah J. Maas announced the publication dates for the next two novels in her *A Court of Thorns and Roses* (ACOTAR) series: October 27, 2026, and January 12, 2027. This unprecedented move of publishing two novels within 11 weeks is expected to drive significant excitement and sales.
2. **Financial Performance**
**FY 2025/26** Group profit is in line with market consensus expectations (£44.3m), supported by a strong Academic division and Bloomsburys diversified portfolio strategy.
**FY 2026/27** Group profit is now expected to be materially ahead of market consensus (£44.5m), largely due to the anticipated success of Maas new releases.
3. **Author and Company Highlights**
Sarah J. Maas was the highest-selling author in the U.S. in 2024 and the No.1 bestselling Fantasy author in the UK in 2025.
Bloomsbury has published all 16 of Maas previous novels, reinforcing their strong partnership.
4. **Future Updates** Further details on trading and outlook will be provided in the Companys Preliminary Results announcement on May 20, 2026.
The announcement also includes standard disclaimers regarding forward-looking statements, inside information, and the use of data by RNS.
The provided text does not contain detailed financial or debt data for a year-on-year comparison. However, it does mention market consensus expectations for profit before taxation for the years ending 28 February 2026 and 28 February 2027. Below is an HTML table summarizing the available information:
Financial YearProfit Before Taxation (£m)Notes
2025/26 (Ended 28 Feb 2026)£44.3mIn line with market consensus expectations
2026/27 (Ending 28 Feb 2027)£44.5mExpected to be materially ahead of market consensus expectations
Since there is no specific debt data provided in the text, the table focuses solely on the profit before taxation figures mentioned. If additional financial or debt data becomes available, the table can be expanded accordingly.
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STAN
STAN Standard Chartered PLC
06:01
Market

Transaction in Own Shares

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ZEN
ZEN Zenith Energy Ltd
06:01
Market

Solar Acquisition and Gas Supply Growth

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IBST
IBST Ibstock PLC
06:01
Market

Results for the year ended 31 December 2025

<mark style="background-color:yellow"></mark>

<mark style="background-coloryellow"></mark>
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ENT
ENT Entain PLC
06:01
Market

Final Results

**Summary of Entain PLCs Final Results for FY25:** Entain PLC, a global sports betting and gaming group, reported strong financial results for the year ended December 31, 2025 (FY25), with key highlights as follows: 1. **Financial Perfor…

**Summary of Entain PLCs Final Results for FY25:**
Entain PLC, a global sports betting and gaming group, reported strong financial results for the year ended December 31, 2025 (FY25), with key highlights as follows
1. **Financial Performance**
**Net Gaming Revenue (NGR)** Total Group NGR, including a 50% share of BetMGM, increased by 7% (8% on a constant currency basis) to £5,325.4 million. Excluding BetMGM, Group NGR grew by 3% (4% cc).
**Underlying EBITDA** Group Underlying EBITDA rose by 8% (cc) to £1,160.1 million, ahead of guidance. Including BetMGM, total Underlying EBITDA was £1,244 million, up 28% (cc).
**BetMGM** BetMGMs net revenue grew by 33% (cc) to $2,796 million, with EBITDA of $220 million, reflecting its inflection to profitability.
**Adjusted Cashflow** Adjusted cashflow was £151 million, ahead of expectations, supported by stronger-than-anticipated BetMGM cash distribution and Entain Underlying EBITDA.
**Statutory Loss** The Group reported a statutory loss after tax of £681 million, primarily due to a £488 million impairment charge related to UK gambling tax increases.
2. **Operational Highlights**
**Online Performance** Online NGR (excluding the US) grew by 5% (6% cc), driven by strong volumes and underlying momentum. Online Underlying EBITDA margin expanded to 25.7%.
**Retail Performance** Retail NGR (excluding the US) declined by 1% (cc), with a focus on market share gains and stable volumes.
**Regional Performance** Strong growth was seen in the UK & Ireland (+6% cc), International (+2% cc), and CEE (+5% cc) regions. Notable markets included Brazil, Italy, and New Zealand.
3. **Strategic Progress**
**BetMGM** BetMGMs profitability supported a $270 million cash distribution to parents and reinforced its pathway to $500 million Adjusted EBITDA by 2027.
**UK Tax Impact** The Group upgraded its expectations to offset over 50% of the incremental UK tax burden from 2027 through optimization initiatives.
**Cash Generation** Entain reaffirmed its confidence in generating at least £500 million of annual adjusted cashflow from 2028.
4. **Outlook**
**FY26 Guidance** Online NGR (excluding the US) is expected to grow by 5-7% (cc), and the Group remains comfortable with market expectations for FY26 Group Underlying EBITDA.
**Margin Expectations** Online Underlying EBITDA margin is projected to be 23-24% in FY26, with a focus on mitigating the impact of UK tax increases.
**BetMGM** BetMGM expects revenue of $3.1-3.2 billion and Adjusted EBITDA of $300-350 million in FY26, with a continued pathway to $500 million Adjusted EBITDA by 2027.
5. **Sustainability and Governance**
**ESG Initiatives** Entain made progress in sustainability, including environmental targets, player protection, and diversity initiatives, maintaining its leadership in ESG ratings.
6. **Corporate Developments**
**CFO Succession** Michael Snape was appointed as Group CFO, succeeding Rob Wood, effective March 6, 2026.
**Dividend** A final dividend of 9.8p per share was declared, representing a 5% increase year-on-year.
**CEO Commentary**
Stella David, CEO of Entain, emphasized the Groups strong underlying momentum, strategic progress, and confidence in delivering sustainable growth and cash generation, despite industry challenges such as tax increases and regulatory changes.
**Conclusion**
Entain PLC demonstrated resilient financial and operational performance in FY25, with strong growth across key segments and regions. The Group remains focused on strategic priorities, including organic growth, margin expansion, and cash generation, while navigating regulatory and tax challenges. The outlook for FY26 is positive, with continued growth expected in online NGR and Underlying EBITDA, supported by BetMGMs strong performance and the Groups optimization initiatives.
Here is the comparison of financials and debt year on year presented as an HTML table:
Metric2024 (£m)2025 (£m)Change (£m)Change (%)
Net Gaming Revenue (NGR)5,161.95,325.4163.53%
Revenue5,089.25,259.4170.23%
Gross Profit3,118.13,200.182.03%
Underlying EBITDA1,088.81,160.171.37%
Underlying Operating Profit616.6861.2244.640%
Profit/(Loss) After Tax(461.0)(680.5)(219.5)N/A
Net Debt3,042.33,118.476.13%
Adjusted Net Debt3,339.13,644.2305.19%
**Key Observations:** 1. **Revenue and Profit Growth:** - Net Gaming Revenue (NGR) and Revenue increased by 3% year on year. - Underlying EBITDA grew by 7%, and Underlying Operating Profit increased significantly by 40%. 2. **Loss After Tax:** - The loss after tax widened from £461.0 million in 2024 to £680.5 million in 2025, primarily due to non-cash impairment charges and other separately disclosed items. 3. **Debt Position:** - Net debt increased slightly by 3%, while adjusted net debt rose by 9%, reflecting changes in lease liabilities and other adjustments. This table provides a concise comparison of key financial metrics and debt levels between 2024 and 2025.
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TRST
TRST Trustpilot Group PLC
06:01
Market

Transaction in Own Shares

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COA
COA Coats Group PLC
06:01
Market

2025 Full Year Results

Coats Group plc, a leading supplier of critical components to the apparel and footwear industries, announced its full-year results for 2025, highlighting continued market outperformance, strong margin progression, and significant free cash…

Coats Group plc, a leading supplier of critical components to the apparel and footwear industries, announced its full-year results for 2025, highlighting continued market outperformance, strong margin progression, and significant free cash generation.
**Financial Highlights**
* **Revenue** $1,465 million, flat on an organic basis, outperforming core thread and footwear markets which declined low to mid-single digits.
* **Adjusted EBIT** $290 million, up 7% on a reported basis and 3% organically, with a margin of 19.8%.
* **Adjusted EPS:** 9.3 centsin line with expectations.
* **Free Cash Flow** Record $160 million, demonstrating strong cash generation capabilities.
* **Net Debt** $815 million, with proforma leverage of 2.2x, expected to reduce below 2x by end of 2026.
**Strategic Highlights**
* **Market Share Gains** Continued success in gaining share, outperforming core markets.
* **Portfolio Transformation**
* Exited non-core Americas Yarns business, improving margin by 100bps.
* Completed landmark acquisition of OrthoLite, accelerating footwear components strategy.
* **Adjacency Growth** Target adjacencies contributed 1% to revenue growth, with building momentum.
* **Organizational Simplification** Streamlined into two divisions (Apparel and Footwear) for reduced complexity and better alignment.
* **Sustainability Leadership** 43% growth in 100% recycled thread revenue to $554 million.
**Divisional Performance**
* **Apparel:** 1% revenue growthoutperforming marketwith 20.2% EBIT margin.
* **Footwear** 2% organic revenue decline due to cautious customer ordering, but market share gains and 23.9% EBIT margin.
* **Performance Materials** Returned to growth in H2, with 11.8% EBIT margin in Q4.
**Outlook and Upgraded Targets**
* **2026 Outlook** Expect organic growth despite market uncertainty, driven by share gains and adjacency growth. OrthoLite expected to significantly outperform footwear market.
* **Upgraded Medium-Term Targets**
* >5% revenue growth on average through the cycle.
* Operating margin range increased to 21-23%.
* Cumulative free cash flow of $1 billion in next five years.
* EPS CAGR of >10% post M&A or share buybacks.
**Key Takeaways**
Coats Group plc demonstrated resilience in a challenging market environment, achieving strong financial performance and strategic progress. The companys focus on market share gains, portfolio optimization, and sustainability positions it well for future growth. The upgraded medium-term targets reflect confidence in the companys ability to deliver consistent performance and value creation.
Here is the HTML table code comparing the financials and debt year on year for Coats Group PLC:
Metric20252024Change
Revenue ($m)1,4651,4332%
Adjusted EBIT ($m)2902727%
EBIT Margin (%)19.819.080bps
Basic EPS (cents)9.39.7(5%)
Net Debt ($m)81544982%
Free Cash Flow ($m)16027,900%
Final Dividend per Share (cents)2.282.194%
**Key Observations:** - Revenue increased by 2% year-on-year, driven by organic growth and acquisitions. - Adjusted EBIT grew by 7%, with a significant improvement in EBIT margin. - Basic EPS declined by 5%, primarily due to higher interest charges and increased share count. - Net debt increased substantially (82%) due to the acquisition of OrthoLite, but free cash flow improved significantly. - The final dividend per share increased by 4%, reflecting the company's confidence in its financial performance.
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SRP
SRP Serco Group
06:01
Market

2025 full year results

**Summary of Serco Group PLCs 2025 Full Year Results:** Serco Group PLC reported strong financial performance for 2025, with revenue of £4.9 billion, up 3% at constant currency, and underlying operating profit of £272 million, up 1% at co…

**Summary of Serco Group PLCs 2025 Full Year Results:**
Serco Group PLC reported strong financial performance for 2025, with revenue of £4.9 billion, up 3% at constant currency, and underlying operating profit of £272 million, up 1% at constant currency. The company achieved organic growth of 1%, with significant contract wins and growth offsetting immigration reductions in the UK and Australia. Key highlights include
**Revenue and Profit Growth** Revenue increased to £4.9 billion, with underlying operating profit at £272 million. Reported operating profit rose 89% to £246 million.
**Cash Flow** Strong free cash flow of £219 million, ahead of guidance, with a trading cash conversion of 112%.
**Order Intake and Book** Order intake was £5.5 billion, with a book-to-bill ratio of 114%. The order book increased to £14.5 billion, 9% higher than 2024.
**Financial Position** Adjusted net debt was £206 million, with leverage at 0.7x net debt to EBITDA, significantly <mark style="background-color:yellow">below</mark> the target range of 1-2x.
**Shareholder Returns** Completed a £50 million share buyback in 2025 and announced a new £75 million buyback for 2026. Recommended a final dividend of 3.05 pence per share, an 8% increase.
**Strategic Progress** Strengthened position in key markets, particularly defence, with a pipeline of £12.1 billion, up 8% and the highest in over a decade. North American pipeline more than doubled.
**Operational Excellence** Contract retention rates over 90%, improved safety performance, and strong colleague engagement. Successful integration of the MT&S acquisition.
**Guidance for 2026** Reiterated guidance with revenue of around £5 billion, organic growth of 3%, and underlying operating profit of £300 million, driven by contract ramp-ups and productivity improvements.
Sercos CEO, Anthony Kirby, emphasized the companys strategic and operational progress, highlighting its role as a trusted partner to governments globally. The company is well-positioned for growth in 2026, with a robust financial position and a focus on sustainable growth, competitiveness, and operational excellence.
Here is the HTML table code comparing Serco Group PLC's financials and debt year on year:
Metric20252024Change at Reported CurrencyChange at Constant Currency
Revenue£4,877m£4,787m2%3%
Underlying Operating Profit£272m£274m-1%1%
Reported Operating Profit£246m£130m89%-
Underlying Earnings Per Share (diluted)16.93p16.67p2%-
Reported Earnings Per Share (diluted)14.07p4.10p243%-
Dividend Per Share (recommended)4.50p4.16p8%-
Free Cash Flow£219m£228m-4%-
Adjusted Net Debt£206m£100m106%-
Reported Net Debt£710m£630m13%-

Debt Comparison

Metric20252024Change
Adjusted Net Debt£206m£100m106%
Reported Net Debt£710m£630m13%
Leverage (Net Debt to EBITDA)0.7x0.3xSignificantly below target range (1-2x)
**Notes:** * The tables compare key financials and debt metrics for Serco Group PLC between 2025 and 2024. * The first table shows revenue, profits, earnings per share, dividends, and free cash flow. * The second table focuses on debt metrics, including adjusted net debt, reported net debt, and leverage. * The changes are presented as percentages, with constant currency changes provided where applicable. * The leverage ratio is significantly below the target range, indicating a strong financial position.
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3IN
3IN 3I Infrastructure PLC
06:01
Market

3iN plc agrees to sell its stake in TCR

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ESNT
ESNT Essentra PLC
06:01
Market

Transaction in Own Shares

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CCEP
CCEP Coca-Cola Europacific Partn…
06:01
Market

Transactions in Own Shares

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AV.
AV. AV.
06:01
Market

2025 Results Announcement

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GRP
GRP Greencoat Renewables PLC
06:01
Market

Final Results Announcement

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MCB
MCB McBride plc
06:01
Market

Transaction in Own Shares

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PAGE
PAGE Pagegroup PLC
06:01
Market

Full Year Results for the Year Ended 31 Dec 2025

<mark style="background-color:yellow"></mark>

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RBN
RBN Robinson plc
06:01
Market

Final Results

**Summary of Robinson PLCs Final Results for the Year Ended 31 December 2025** Robinson PLC, a custom manufacturer of plastic and paperboard packaging, reported its audited results for 2025, highlighting both financial and operational ach…

**Summary of Robinson PLCs Final Results for the Year Ended 31 December 2025**
Robinson PLC, a custom manufacturer of plastic and paperboard packaging, reported its audited results for 2025, highlighting both financial and operational achievements.
**Financial Highlights**
**Underlying operating profit** increased to £3.6 million (2024: £3.2 million).
**Revenue** slightly declined by 0.4% to £56.2 million (2024: £56.4 million).
**Gross margin** improved to 22% (202420%).
**Profit before tax** turned positive at £3.0 million (2024: loss of £3.8 million).
**Net debt** reduced to £5.4 million (2024: £5.9 million).
**Final dividend** maintained at 3.5p per share, with a total dividend of 6.0p (2024: 6.0p).
**Operational Highlights**
**Surplus property disposals** generated £1.0 million, with significant progress on further disposals.
**Strategic refresh** focused on customer centricity, operational excellence, and sustainability.
**Sustainability goals** updated and strengthened, including progress in recycled material usage.
**Regional Performance**
**UK**Strong volume growth in Plastics and Paperbox businesses, with a 10% and 11% increase in sales volumes, respectively.
**Poland**Sales volumes decreased by 6% due to lower demand from major customers, but the business remains profitable.
**Denmark**Sales volumes declined by 14%, leading to an operating loss, with efforts underway to rebuild the sales pipeline.
**Strategic Initiatives**
**Organizational restructuring**Transitioning from a regionally based model to a functionally aligned structure to enhance customer focus and operational efficiency.
**Sustainability**Achieved 31% post-consumer recycled material content in plastic packaging, exceeding the 30% target.
**Technology investment**Plans to replace aging ERP systems with a unified platform for better data-driven decision-making.
**Outlook**
**2026 Expectations**Underlying operating profit in line with market expectations, with reported profit before tax expected to benefit materially from property disposals.
**Challenges**Higher operating costs due to strategic investments and lower rental income from property disposals.
**Commitment**Continued focus on sustainable growth, customer partnerships, and operational excellence.
Robinson PLC remains committed to its long-term strategy, focusing on sustainable practices, customer-centric operations, and financial resilience, despite mixed market conditions.
Here is the HTML table code comparing the financials and debt year on-year-year for25 for Robinson25:25:25:250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250350350350350350350350350350350350350350350350350350350350350350350350350350350350350350350350350350350350350250250250250250250250250250250350350350350350350350350350350350350350350350350350350350250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250250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GFTU
GFTU Grafton Group plc
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Final Results

**Summary of Grafton Group PLC Final Results for the Year Ended 31 December 2025** Grafton Group PLC, a European multinational distributor of construction-related products and solutions, reported its final results for the year ended 31 De…

**Summary of Grafton Group PLC Final Results for the Year Ended 31 December 2025**
Grafton Group PLC, a European multinational distributor of construction-related products and solutions, reported its final results for the year ended 31 December 2025, highlighting a year of progress despite challenging market conditions.
**Financial Highlights**
**Adjusted Operating Profit** Increased by 7.1% to £190.2 million, driven by the first full year contribution of Salvador Escoda in Spain.
**Gross Margin Improvement** 50bps improvement in gross margin, maintaining a resilient Group operating margin of 7.3%.
**Return on Capital Employed (ROCE)** Up 60bps to 10.9%.
**Adjusted Earnings Per Share (EPS)** Grew by 5.1% to 75.4p.
**Net Cash Position** Strengthened to £274.0 million, providing significant firepower for organic and inorganic growth opportunities.
**Free Cash Flow** Strong generation, contributing to over £700 million in the last four years.
**Shareholder Returns** A new £25.0 million share buyback program announced, following £129.2 million returned to shareholders in 2025 through buybacks and dividends.
**Dividend** Full-year dividend increased by 2.0% to 37.75p per share.
**Operational Highlights**
**Leadership** Experienced senior leadership team in place, with Mario Ballarín appointed as CEO of Grafton Iberia.
**Market Position** Continued investment to strengthen and consolidate market positions, despite market weakness in some regions.
**Performance by Region**
**Island of Ireland** Strong performance, with profit growth driven by Woodies and Chadwicks.
**Great Britain** Profit growth despite a weakening RMI market and slow housebuilding recovery.
**Iberia** Salvador Escoda successfully integrated, performing in line with pre-acquisition expectations.
**Northern Europe** Remains challenging, but macro indicators are improving.
**Outlook**
**Positive Markets** Expected in the Republic of Ireland and Spain.
**Challenging Markets** Anticipated in Great Britain and Northern Europe, with gradual improvement expected.
**Focus** Continued emphasis on efficiency, cost control, and delivering value to customers.
**Growth Drivers** Supported by structural growth drivers, strong market positions, recovery potential in weaker markets, a robust balance sheet, and a healthy acquisitions pipeline.
**Sustainability Progress**
**Health and Safety** 16.3% reduction in lost time injury frequency rate since 2021.
**Climate Change** 40.3% reduction in absolute market-based Greenhouse Gas emissions in 2025 vs. 2021.
**Community Investment** Over £1.7 million donated to charities and good causes, exceeding the target of 0.8% of adjusted operating profit.
**Strategic Focus**
**Long-Term Growth Ambition** To be the leading European multinational distributor of construction-related products and solutions.
**Capital Allocation** Prioritized strengthening current business, core dividend, funding inorganic growth, and returning surplus capital to shareholders.
**Acquisitions and Share Buybacks** Balanced approach, with a strong acquisition pipeline and continued share buyback programs.
**Conclusion**
Grafton Group PLC demonstrated resilience and strategic focus in 2025, achieving profitability ahead of analysts consensus despite challenging market conditions. The companys strong financial position, combined with its strategic initiatives and focus on sustainability, positions it well for future growth and value creation for shareholders.
Here is the comparison of financials and debt year on year presented as an HTML table:
Metric20252024Change
Revenue£2,520m£2,282m10.4%
Adjusted Operating Profit£190.2m£177.5m7.1%
Adjusted Operating Profit Margin7.3%7.6%(30bps)
Adjusted Earnings Per Share75.4p71.8p5.1%
Net Cash (before IFRS 16 lease liabilities)£274.0m£272.1m£1.9m
Net (Debt) (including IFRS 16 lease liabilities)(£123.4m)(£131.7m)£8.3m
Free Cash Flow£168.3m£178.2m(5.6%)
Dividend Per Share37.75p37.00p2.0%
Adjusted Return on Capital Employed (ROCE)10.9%10.3%60bps
**Key Observations:** * **Revenue Growth:** Grafton Group experienced a significant 10.4% increase in revenue, primarily driven by the first full year contribution of Salvador Escoda in Spain. * **Profitability:** Adjusted operating profit grew by 7.1%, but the margin slightly decreased due to ongoing operating cost pressures. * **Debt Reduction:** Net debt decreased by £8.3 million, reflecting strong cash flow generation and disciplined capital allocation. * **Cash Position:** Net cash position remained strong at £274.0 million, providing flexibility for organic and inorganic growth opportunities. * **Dividend Increase:** The dividend per share increased by 2.0%, demonstrating the company's commitment to returning value to shareholders. * **Return on Capital Employed:** ROCE improved by 60 basis points, indicating efficient utilization of capital.
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HTG
HTG Hunting PLC
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Results for the year ended 31 December 2025

**Summary of Hunting PLC’s 2025 Financial Results and Strategic Highlights** Hunting PLC, a global precision engineering group, reported its financial results for the year ended 31 December 2025, highlighting continued growth in operati…

**Summary of Hunting PLC’s 2025 Financial Results and Strategic Highlights**
Hunting PLC, a global precision engineering group, reported its financial results for the year ended 31 December 2025, highlighting continued growth in operational performance and shareholder returns despite a 3% decline in revenue to $1,018.8 million. Key financial highlights include
**EBITDA** increased by 7% to $135.7 million, with an improved margin of 13%.
**Gross margin** rose to 27%, and **non-oil and gas revenue** grew by 10% to $82.9 million.
**Adjusted diluted earnings per share** increased by 9% to 34.1 cents.
**Free cash flow** stood at $96.6 million, representing a 71% EBITDA conversion.
**Total dividends** declared rose by 13% to 13.0 cents per share, with a final dividend of 6.8 cents announced.
Strategically, Hunting made significant progress in 2025
**Acquisitions**Acquired Flexible Engineering Solutions ($64.8m) to expand subsea offerings and Organic Oil Recovery technology ($18.2m) to accelerate commercialization.
**Portfolio Optimization**Disposed of Rival Downhole Tools for $13.0 million to focus on higher-return product lines.
**Operational Expansion**Opened a new facility in Dubai to service the Middle East market.
**Cost Efficiencies**Achieved annualized savings of $11 million in the EMEA segment and $6 million from Hunting Titan restructuring.
**Capital Allocation**Committed to a 13% annual dividend increase, executed a $60 million share buyback, and proposed a second $40 million buyback program.
Looking ahead, Hunting reaffirmed its 2026 EBITDA guidance of $145-$155 million, with a focus on scaling its order book, particularly in OCTG, subsea, and perforating systems. The company remains confident in its ability to deliver on its **Hunting 2030 Strategy**, diversifying into higher-growth markets and enhancing shareholder returns, despite monitoring geopolitical risks in the Middle East.
Overall, Hunting demonstrated resilience and strategic execution in 2025, positioning itself for sustained growth and value creation.
Below is the HTML table code comparing the financials and debt year on year for Hunting PLC based on the provided text:
Metric20252024Variance
Revenue$1,018.8m$1,048.9m-$30.1m
Non-oil and gas revenue$82.9m$75.1m+$7.8m
EBITDA$135.7m$126.3m+$9.4m
EBITDA margin13%12%+1pp
Adjusted profit before tax$79.7m$75.6m+$4.1m
Adjusted diluted earnings per share34.1 cents31.4 cents+2.7 cents
Free cash flow$96.6m$139.7m-$43.1m
Total cash and bank / (borrowings)$62.9m$104.7m-$41.8m
Net assets$855.3m$902.3m-$47.0m
ROCE10%9%+1pp
Final dividend proposed6.8 cents6.0 cents+0.8 cents
Non-cash goodwill impairment-$109.1m-$109.1m
Operating profit / (loss)$76.3m$(21.1)m+$97.4m
Profit / (loss) before tax$65.5m$(33.5)m+$99.0m
Diluted earnings / (loss) per share24.6 cents(17.6) cents+42.2 cents
Net cash inflow from operating activities$138.9m$188.5m-$49.6m
### Key Notes: 1. **Debt Comparison**: The table includes "Total cash and bank / (borrowings)" as a proxy for debt, showing a decrease from $104.7m in 2024 to $62.9m in 2025. 2. **Financial Metrics**: Revenue decreased slightly, but EBITDA, margins, and adjusted profits improved year-on-year. 3. **Dividends**: Final dividend increased from 6.0 cents to 6.8 cents per share. 4. **Cash Flow**: Free cash flow decreased, but net cash inflow from operating activities remained positive. This table provides a clear year-on-year comparison of key financial metrics and debt for Hunting PLC.
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Full Year Results For Year Ended 31 December 2025

**Summary:** Foxtons Group PLC reported resilient full-year results for 2025, with revenue growth of 5% to £172.5 million, driven by a strong performance in lettings, which mitigated challenges in the broader market. Adjusted EBITDA and o…

**Summary**
Foxtons Group PLC reported resilient full-year results for 2025, with revenue growth of 5% to £172.5 million, driven by a strong performance in lettings, which mitigated challenges in the broader market. Adjusted EBITDA and operating profit also grew by 5%, while profit before tax slightly declined by 3% due to increased costs. The companys lettings-focused strategy proved effective, with lettings revenue up 5%, supported by acquisitions and growth in property management services. Sales revenue increased by 6%, and financial services revenue grew by 10%. Non-cyclical and recurring revenues accounted for 67% of total revenue, highlighting the companys strategic shift towards more stable income streams.
Operationally, Foxtons expanded its lettings portfolio to over 32,000 tenancies, a 50% increase since 2021, and achieved 8% organic market share growth in 2025. The company also progressed its acquisition strategy, integrating the Imagine acquisition and making bolt-on acquisitions to strengthen its position in key markets like Watford, Milton Keynes, and Birmingham. These acquisitions are expected to drive further growth and synergies.
Looking ahead, Foxtons anticipates continued resilience in lettings, supported by the Renters Rights Act, which is expected to drive growth by encouraging the use of professional agents and increasing demand for high-margin services. The company aims to capitalize on this legislation to enhance its market position and drive consolidation in the sector. In sales, Foxtons is repositioning its business to adapt to lower market volumes and accelerate profitability. Management remains focused on organic growth, acquisitions, and cost efficiency to drive revenue and profit growth in 2026 and beyond.
**Key Financial Highlights**
Revenue£172.5 million (+5%)
Adjusted EBITDA£25.3 million (+5%)
Adjusted Operating Profit£22.2 million (flat)
Profit Before Tax£16.9 million (-3%)
Net Free Cash Flow£11.2 million (+14%)
Total Dividend per Share1.17p (maintained)
**Strategic Focus**
Lettings organic growth and acquisitions
Sales market share and profitability improvement
Financial services scale and cross-sell growth
Operational efficiency and cost control
Technology and data-driven enhancements
Brand strengthening and customer experience improvement
**Outlook**
Lettings expected to remain resilient with growth opportunities from the Renters Rights Act.
Sales market remains challenging, with a focus on repositioning for lower volumes and profitability.
Continued emphasis on organic growth, acquisitions, and cost efficiency to drive long-term growth.
Here is the comparison of financials and debt year on year presented as an HTML table:
Metric20252024Change
Revenue£172.5m£163.9m+5%
Adjusted EBITDA£25.3m£24.1m+5%
Adjusted Operating Profit£22.2m£22.1m-
Profit Before Tax£16.9m£17.5m(3%)
Adjusted Earnings Per Share (basic)5.0p5.2p(4%)
Earnings Per Share (basic)4.3p4.6p(7%)
Net Free Cash Flow£11.2m£9.8m+14%
Net Debt£16.9m£12.7m+33%
**Key Observations:** 1. **Revenue Growth:** Revenue increased by 5% from £163.9m in 2024 to £172.5m in 2025, driven by growth in lettings, sales, and financial services. 2. **Adjusted EBITDA:** Adjusted EBITDA also grew by 5% from £24.1m to £25.3m, indicating improved operational efficiency. 3. **Profit Before Tax:** Profit before tax decreased by 3% from £17.5m to £16.9m, possibly due to increased costs or one-time expenses. 4. **Earnings Per Share:** Both adjusted and basic earnings per share decreased, reflecting the impact of increased costs and potentially higher shares outstanding. 5. **Net Free Cash Flow:** Net free cash flow increased by 14% from £9.8m to £11.2m, indicating better cash generation. 6. **Net Debt:** Net debt increased significantly by 33% from £12.7m to £16.9m, likely due to acquisition activities and shareholder returns. This table provides a clear comparison of key financial metrics and debt levels between 2024 and 2025, highlighting areas of growth and potential concerns.
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Interim Results

**Summary: Seraphim Space Investment Trust PLC Interim Results (H1 2025/26)** Seraphim Space Investment Trust PLC (LSE: SSIT), the world’s first listed SpaceTech investment company, reported strong interim results for the six months end…

**SummarySeraphim Space Investment Trust PLC Interim Results (H1 2025/26)**
Seraphim Space Investment Trust PLC (LSESSIT), the world’s first listed SpaceTech investment company, reported strong interim results for the six months ended 31 December 2025. Key highlights include
1. **Financial Performance**
**Net Asset Value (NAV)** increased by 20.1% to £337.5 million, driven by private portfolio fair value gains.
**Portfolio valuation** rose by 27.6% to £331.6 million, fueled by unrealised fair value gains, particularly in top holdings like ICEYE, ALL.SPACE, and HawkEye 360.
**NAV per share** grew by 20.1% to 142.30p, while the **share price** increased by 40.2% to 120.0p.
**Cash reserves** stood at £22.1 million, with potential additional liquidity of £3.9 million from listed holdings.
2. **Portfolio Highlights**
**Top five holdings** achieved significant growth, supported by defence contracts and equity rounds at higher valuations.
**ICEYE** (39% of NAV) secured major contracts, including a €1.7 billion deal with the German Armed Forces and a $168 million contract with the Finnish Defence Forces.
**ALL.SPACE** (15.9% of NAV) partnered with Aalyria and secured ESA funding for navigation technology.
**HawkEye 360** (10.1% of NAV) acquired Innovative Signal Analysis, completed a $150 million Series E round, and launched new satellite clusters.
3. **Post-Period Developments**
**ICEYE** won additional contracts with Sweden and expanded its partnership with Ukraine.
**ALL.SPACE** and **HawkEye 360** saw valuation uplifts and continued satellite launches.
**Tomorrow.io** secured $175 million in new equity financing to accelerate its weather satellite constellation.
4. **Strategic Outlook**
**77% of the portfolio** has a robust cash runway, with 70% fully funded.
**85% of portfolio value**, including seven of the top 10 holdings, is projected to be EBITDA profitable in 2026.
Management highlighted a strong pipeline of investment opportunities and confidence in delivering long-term returns.
**Management Commentary**
Chair Will Whitehorn and CEO Mark Boggett emphasized the portfolio’s broad-based performance, with top holdings driving outperformance and validating the investment strategy. The fair value of the private portfolio exceeded 200% of cost for the first time, positioning SSIT as a top-performing UK investment trust.
**Conclusion**
Seraphim Space Investment Trust demonstrated robust financial and operational progress, underpinned by strategic investments in high-growth SpaceTech companies. The company remains well-positioned to capitalize on the expanding SpaceTech sector, with a focus on delivering attractive returns for shareholders.
Below is the HTML table code comparing the financials and debt year on year based on the provided text: < lang="en">Seraphim Space Investment Trust PLC Financials Comparison

Seraphim Space Investment Trust PLC Financials Comparison

Metric31 December 202530 June 2025Change
NAV (£m)337.5281.120.1%
NAV per share (p)142.30118.5220.1%
Portfolio valuation (£m)331.6259.827.6%
Fair value vs. cost (%)198.1131.96620bp
Liquid resources (£m)22.121.52.5%
Market capitalisation (£m)284.6203.040.2%
Share price (p)120.085.640.2%
-Discount/+premium (%)-15.7-27.81210bp
Ongoing charges (%)1.791.771bp
Number of shares in issue (m)237.2237.20.0%

Fair Value Change (£m)

Company30 June 2025 fair value (£m)31 December 2025 additions/(disposals) (£m)31 December 2025 fair value movement (£m)31 December 2025 fair value (£m)31 December 2025 % of NAV31 December 2025 cost (£m)
ICEYE105.1-26.4131.639.0%39.6
ALL.SPACE28.12.623.153.815.9%30.6
D-Orbit33.5-8.441.912.4%11.6
HawkEye 36020.6-13.534.110.1%18.6
Total investments259.8(29.6)101.4331.698.2%167.4
This HTML code creates two tables: 1. The first table compares key financial metrics between 31 December 2025 and 30 June 2025. 2. The second table details the fair value changes for specific companies in the portfolio. The tables are styled with basic CSS for readability. You can further customize the styles as needed.
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AUSC
AUSC Abrdn UK Smaller Companies …
06:01
Market

Half-year Financial Report

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TFW
TFW FW Thorpe PLC
06:01
Market

Interim Results

**Summary of FW Thorpe Plc Interim Results for the Six Months to 31 December 2025** FW Thorpe Plc, a leading designer, manufacturer, and supplier of professional lighting systems, announced its interim results for the six months ended 31 …

**Summary of FW Thorpe Plc Interim Results for the Six Months to 31 December 2025**
FW Thorpe Plc, a leading designer, manufacturer, and supplier of professional lighting systems, announced its interim results for the six months ended 31 December 2025. The company reported a stable performance, with financial highlights as follows
**Revenue**£81.7 million, a slight decrease of 2.4% compared to £83.8 million in the same period last year.
**Operating Profit (before acquisition adjustments)**: £12.5 million, down 0.8% from £12.6 million in 2024.
**Operating Profit**£11.6 million, a marginal increase of 0.3% from £11.5 million.
**Profit Before Tax**: £11.6 millionup 3.1% from £11.2 million.
**Basic Earnings Per Share**: 7.86pa 2.7% increase from 7.65p.
**Key Points**
1. **Dividends**The company declared an interim dividend of 1.81p per share (up 2.8% from 1.76p) and a special dividend of 2.60p per share (compared to nil in 2024).
2. **Segment Performance**
**Thorlux**Results were dampened by lower performance in Germany.
**Dutch Segment**Remained stable, supported by strong performance from Famostar.
**Zemper**Showed further growth, with profitable performance from TRT.
3. **Cash Flow**Strong cash flow generation with net cash from operating activities of £14.3 million (compared to £15.0 million in 2024).
4. **Investments**The company continues to invest in sales resources, plant, and machinery to enhance efficiency and support local manufacturing. This includes a factory extension at Solite in Manchester and new machinery at Thorlux and Zemper.
5. **Sustainability**FW Thorpe remains committed to sustainability, which appeals to customers and reduces operating costs.
6. **Acquisitions**The Board has explored acquisition opportunities but has not found any that meet its requirements, leading to a build-up in cash reserves.
7. **Outlook**The second half of the year is expected to remain challenging due to market conditions, but the company is focused on growth across all segments.
**Chairmans Statement**
Mike Allcock, Chairman, highlighted the stable performance and the Boards commitment to investing in the business for long-term growth. He noted the strong performance of Famostar and Zemper, while acknowledging challenges in Germany. The Board remains focused on improving margins and winning more orders despite ongoing market conditions.
**Conclusion**
FW Thorpe Plc delivered a resilient performance in the first half of 2025, with steady profits and increased dividends. The company continues to invest in its operations and remains optimistic about its long-term prospects, despite near-term market challenges.
Here’s an HTML table comparing the year-on-year financials and debt for FW Thorpe Plc based on the provided text:
MetricInterim 2026 (unaudited)Interim 2025 (unaudited)Change
Amount (£'000)%Amount (£'000)%%
Revenue81,741100.0%83,761100.0%-2.4%
Operating Profit (before acquisition adjustments)12,50115.3%12,59915.0%-0.8%
Operating Profit11,57514.2%11,53713.8%+0.3%
Profit Before Tax11,56514.1%11,21713.4%+3.1%
Basic Earnings per Share (pence)7.867.65+2.7%
Interim Dividend per Share (pence)1.811.76+2.8%
Special Dividend per Share (pence)2.600.00N/A
Net Cash from Operating Activities (£'000)14,31215,006-4.6%
Total Debt (£'000)52,48756,621-7.3%
### Key Notes: 1. **Revenue and Profit Metrics**: Revenue decreased by 2.4%, while operating profit and profit before tax showed marginal changes. 2. **Dividends**: Interim dividend increased by 2.8%, and a special dividend of 2.60p was introduced in 2026. 3. **Cash Flow**: Net cash from operating activities decreased by 4.6%. 4. **Debt**: Total debt decreased by 7.3% year-on-year. This table provides a clear comparison of key financial metrics and debt levels between the two interim periods.
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IWG
IWG IWG PLC
06:01
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Transaction in Own Shares

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BWY
BWY Bellway PLC
06:01
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Transaction in Own Shares

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HIK
HIK Hikma Pharmaceuticals PLC
06:01
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Transaction in Own Shares

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PSON
PSON Pearson PLC
06:01
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Transaction in Own Shares

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APTD
APTD Aptitude Software Group PLC
06:01
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Transaction in Own Shares

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GLB
GLB Glanbia plc
06:01
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Transaction in Own Shares

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AJB
AJB AJ Bell plc
06:01
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Transaction in Own Shares

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JET2
JET2 Jet2 PLC
06:01
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Transaction in Own Shares

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AAF
AAF Airtel Africa Plc
06:01
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Transaction in Own Shares

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FRAS
FRAS Frasers Group PLC
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Transaction in Own Shares

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GSK
GSK GSK plc
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Transaction in Own Shares

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PLUS
PLUS Plus500 Ltd
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Transaction in Own Shares

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HTWS
HTWS Helios Towers Plc
06:01
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Transaction in Own Shares

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HSP
HSP Hargreaves Services Plc
06:01
Market

Positive Contract Awards in Services

**Summary:** Hargreaves Services PLC announced two significant contract awards in its Services Division, leading to an upgrade in revenue and profit before tax (PBT) expectations for the year ending 31 May 2027. The company secured a £10 …

**Summary**
Hargreaves Services PLC announced two significant contract awards in its Services Division, leading to an upgrade in revenue and profit before tax (PBT) expectations for the year ending 31 May 2027. The company secured a £10 million enabling earthworks subcontract at the Lower Thames Crossing project with Balfour Beatty, marking a strategic advancement in its involvement in this major infrastructure initiative. This contract includes the first UK deployment of battery-electric heavy earthmoving equipment, aligning with Hargreaves commitment to carbon-free earthworks by 2040. Additionally, Hargreaves was awarded a contract to build a beneficiation plant at Drax Power Station, processing legacy ash into low-carbon cement materials. These wins prompted a 4% increase in market expectations for both revenue and underlying PBT for FY2027. The company also confirmed the interim dividend payment for FY2026, scheduled for 31 March 2026. Hargreaves Services operates across environmental, infrastructure, and property sectors, with segments including Services, Hargreaves Land, and a joint venture in Germany (HRMS). The announcement underscores the companys growth in critical industries and its focus on sustainable practices.
NewContract
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IHC
IHC Inspiration Healthcare Grou…
06:01
Market

UK neonatal division wins NHS framework agreement

Inspiration Healthcare Group PLC, a global medical technology company specializing in neonatal intensive care devices, has secured a renewed four-year NHS framework agreement as an approved supplier of respiratory care units for newborns i…

Inspiration Healthcare Group PLC, a global medical technology company specializing in neonatal intensive care devices, has secured a renewed four-year NHS framework agreement as an approved supplier of respiratory care units for newborns in England and Wales. The company has also been ranked as the **number one neonatal ventilator supplier** for the 2025/26 period within the NHS framework. This agreement
* **Strengthens market position** Reinforces Inspiration Healthcares leadership in neonatal ventilation across England and Wales.
* **Enhances revenue visibility** Provides medium-term revenue stability within the UK market.
* **Supports ongoing sales** Boosts sales of capital equipment, consumables, and service revenue streams.
* **Improves competitive advantage** Strengthens the companys position in future NHS procurement cycles.
The agreement ensures NHS Trusts have streamlined access to Inspiration Healthcares neonatal respiratory and critical care solutions, promoting procurement efficiency and regulatory compliance. CEO Raffi Stepanian highlighted the companys commitment to innovation and improving clinical outcomes in neonatal intensive care. This strategic win is expected to drive market share growth and long-term shareholder value.
Wins
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RCP
RCP RIT Capital Partners
06:01
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Transaction in Own Shares

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RR.
RR. RR.
06:01
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Transaction in Own Shares

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PRU
PRU Prudential plc
06:01
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Transaction in Own Shares

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AEP
AEP Anglo-Eastern Plantations P…
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Transaction in Own Shares

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BAB
BAB Babcock International Group…
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Transaction in Own Shares

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BA.
BA. BA.
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Transaction in Own Shares

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FSFL
FSFL Foresight Solar Fund Ltd
06:01
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Q4 2025 Trading Update and Net Asset Value

**Summary: Foresight Solar Fund Limited Q4 2025 Trading Update and Net Asset Value** Foresight Solar Fund Limited (FSFL) released its Q4 2025 trading update and net asset value (NAV) report on March 5, 2026, highlighting key development…

**SummaryForesight Solar Fund Limited Q4 2025 Trading Update and Net Asset Value**
Foresight Solar Fund Limited (FSFL) released its Q4 2025 trading update and net asset value (NAV) report on March 5, 2026, highlighting key developments and financial performance. The unaudited NAV as of December 31, 2025, stood at £545.9 million, down from £564.5 million in September 2025, resulting in a NAV per share of 99.2 pence (previously 102.1 pence).
**Key Highlights**
1. **Operational Performance** Strong UK irradiation in 2025 boosted electricity production by 3.4% <mark style="background-color:yellow">above</mark> budget. An independent review of the UK portfolio revised the energy yield forecast upward by 2.8%, affirming the portfolios high operational standards.
2. **Battery Storage** The commissioning commissioningcommissioncommissioncommissioncommissioncommission commissioning commissioning commissioning commissioning **.0.T.
Below is the HTML table code comparing the financials and debt year on year based on the provided text:
Metric31 December 202530 September 2025Change
Net Asset Value (NAV)£545.9 million£564.5 million-£18.6 million
NAV per Ordinary Share99.2 pence102.1 pence-2.9 pence
Gross Asset Value (GAV)£928.2 million£969.4 million-£41.2 million
Total Outstanding Debt£382.3 million£404.9 million-£22.6 million
Debt as % of GAV41.2%41.8%-0.6%
RCF Balance Drawn£72.7 million£91.7 million-£19.0 million
UK Portfolio Valuation (£m/MWp)0.971.09-0.12
### Key Notes: 1. **NAV and NAV per Share**: Both decreased from September to December 2025, primarily due to factors like tax review adjustments, Australian curtailment, and ROC/FiT inflation indexation. 2. **GAV and Debt**: GAV decreased, while total debt also reduced, keeping the debt-to-GAV ratio relatively stable. 3. **RCF Balance**: The Revolving Credit Facility (RCF) balance drawn decreased by £19.0 million. 4. **UK Portfolio Valuation**: The valuation per MWp decreased from 1.09 to 0.97. This table provides a clear comparison of key financial and debt metrics between the two periods.
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XSG
XSG Xeros Technology Group Plc
06:01
Market

Purchase Order ahead of European Launch of XF3

**Summary:** Xeros Technology Group plc announced a significant milestone ahead of the European launch of its XF3 Microfibre Filtration unit. MediaMarkt, Europes largest consumer electronics retailer, has placed a purchase order for an in…

**Summary**
Xeros Technology Group plc announced a significant milestone ahead of the European launch of its XF3 Microfibre Filtration unit. MediaMarkt, Europes largest consumer electronics retailer, has placed a purchase order for an initial production run of XF3 units, which will be sold under MediaMarkts Koenic brand. The launch is scheduled for late Q2 2026 in major European cities. Additionally, Product Care Group is on track to launch the XF3 in the UK during the same timeframe, and a third partnership with a major global appliance manufacturer is nearing completion. The XF3 unit has received independent verification from the Hohenstein Institute, achieving a market-leading 98% microfibre capture rate. Xeros CEO Neil Austin highlighted the partnership with MediaMarkt as a significant endorsement of the companys technology, emphasizing its potential to address microfibre pollution. Xeros continues to attract interest from global washing machine brands and retailers, with a strong pipeline for future partnerships. The companys technologies aim to reduce the environmental impact of clothing care, targeting addressable markets valued at £350m p.a. for Microfibre Filter, £3bn p.a. for Laundry Care, and £132m p.a. for Garment Finishing.
Launch
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LSL
LSL LSL Property Services Plc
06:01
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Transaction in own Shares and Total Voting Rights

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CLBS
CLBS Celebrus Technologies plc
06:01
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Transaction in Own Shares

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GLV
GLV Glenveagh Properties PLC
06:01
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Transaction in Own Shares

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BATS
BATS British American Tobacco PLC
06:01
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Transaction in Own Shares

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VTU
VTU Vertu Motors Plc
06:01
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Trading Update

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BIRG
BIRG Bank of Ireland Group PLC
06:01
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Transaction in Own Shares

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FAIR
FAIR Fair Oaks Income Limited
06:01
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CAML
CAML Central Asia Metals Plc
06:01
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IGG
IGG IG Group Holdings PLC
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Transaction in Own Shares

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INCH
INCH Inchcape PLC
06:01
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Transaction in Own Shares

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CRDL
CRDL Cordel Group PLC
06:01
Market

USA Contract Upgrade

**Summary:** Cordel Group PLC (AIM: CRDL), an AI platform specializing in transport corridor analytics, has announced the upgrade and extension of its contract with Genesee & Wyoming Inc. (G&W), a major North American railroad operator. T…

**Summary**
Cordel Group PLC (AIMCRDL), an AI platform specializing in transport corridor analytics, has announced the upgrade and extension of its contract with Genesee & Wyoming Inc. (G&W), a major North American railroad operator. The contract, previously extended in February 2025, now transitions to a **Strategic LiDAR Program** under a **Software as a Service (SaaS)** model, replacing the previous per-order approach. This new agreement grants G&W full enterprise access to Cordels platforms (Cordel Connect and D/Gauge RIFT) for up to 200 users, covering 3,000 processed miles for Clearance and 7,000 miles for RIFT annually. The deal is expected to generate over **US$600,000** for Cordel in 2026.
Cordels Chairman, Ian Buddery, highlighted the significance of this upgrade in aligning major clients with the SaaS model, ensuring predictable revenue growth. This announcement, coupled with a recent Class 1 contract disclosed on February 16, positions Cordel to meet its full-year targets. The company specializes in AI-driven hardware and software solutions for transport sector data analysis, with further details available at **www.cordel.ai**.
**Key Points**
Contract upgrade with G&W to a SaaS model.
Annual revenue of over US$600k in 2026.
Full enterprise access to Cordels platforms for G&W.
Strategic shift to predictable revenue growth.
Supports Cordels full-year financial targets.
NewContract
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PIN
PIN Pantheon International PLC
06:01
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Transaction in Own Shares

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VINO
VINO Virgin Wines UK PLC
06:01
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Transaction in Own Shares

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TRIG
TRIG Renewables Infrastructure G…
06:01
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LSEG
LSEG London Stock Exchange Group…
06:01
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MERC
MERC Mercia Technologies PLC
06:01
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TRN
TRN Trainline Plc
06:01
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WINE
WINE Naked Wines plc
06:01
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HICL
HICL HICL Infrastructure Company…
06:01
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SMWH
SMWH WH Smith PLC
06:01
Market

Trading update

**Summary:** WH Smith PLC released a trading update for the 26-week period ending February 28, 2026, reporting a solid first-half performance with total revenue up 5% on a constant currency basis compared to the previous year. Key highlig…

**Summary**
WH Smith PLC released a trading update for the 26-week period ending February 28, 2026, reporting a solid first-half performance with total revenue up 5% on a constant currency basis compared to the previous year. Key highlights include
1. **UK Performance**Total revenue increased by 2%, with like-for-like (LFL) revenue also up 2%. The Air segment saw a 1% total revenue increase and a 2% LFL rise, despite temporary store closures at Heathrow Airport due to ongoing investments. The Hospital channel performed well with a 7% total revenue increase and 4% LFL growth, while Rail revenue was flat with a 2% LFL decline.
2. **North America Performance**Total revenue grew by 10% (constant currency), with LFL revenue up 1%. The Air segment, particularly Travel Essentials, saw strong growth (22% total revenue, 6% LFL), driven by new store openings and higher passenger spend. However, the InMotion business continued to struggle, with a 1% total revenue decline and a 4% LFL drop, prompting an ongoing portfolio review. The Resorts business declined by 6% in both total and LFL revenue due to reduced Las Vegas visitor numbers, leading to the closure of 3 fashion stores.
3. **Rest of the World and Other**Revenue increased by 8% (constant currency) and 6% LFL, supported by new store openings in the prior year. The company closed 4 uneconomic stores at Düsseldorf Airport and plans to exit sub-scale markets as contracts expire.
4. **Outlook**WH Smith is on track to meet its full-year guidance despite geopolitical uncertainties in the Middle East affecting passenger numbers. The company remains focused on strategic priorities, cost control, and cash discipline. Interim results will be announced on April 23, 2026.
**Contact Details**Investor and media relations contacts are provided for further inquiries.
Below is the HTML table code comparing the financials and debt year-on-year based on the provided text. Since the text does not explicitly mention debt figures, the table focuses on revenue comparisons across regions and channels. < lang="en">WH Smith PLC Financials Comparison

WH Smith PLC Financials Comparison (26 Weeks to 28 February 2026 vs 2025)

Region/ChannelTotal Revenue vs 2025Constant Currency vs 2025LFL Revenue vs 2025
Group5%5%2%
UK2%2%2%
- Air1%1%2%
- Hospital7%7%4%
- Rail1%1%-2%
North America5%10%1%
- Air15%15%N/A
- Travel Essentials22%22%6%
- InMotion-1%-1%-4%
- Resorts-6%-6%-6%
Rest of the World and Other11%8%6%

Note: Debt figures are not provided in the text, so they are not included in the comparison.

### Key Points: 1. **Structure**: The table is structured to compare total revenue, constant currency revenue, and like-for-like (LFL) revenue across regions and channels. 2. **Styling**: Basic CSS is included for table formatting. 3. **Debt**: Since debt figures are not mentioned in the text, a note is added to clarify their exclusion. This HTML code can be directly used to display the financial comparison on a webpage.
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KYGA
KYGA Kerry Group
06:01
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Transaction in Own Shares

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LIO
LIO Liontrust Asset Management
06:01
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BTRW
BTRW Barratt Redrow plc
06:01
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STJ
STJ St. Jamess Place plc
06:01
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HVPE
HVPE HarbourVest Global Private …
06:01
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GBG
GBG GB Group plc
06:01
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CHRY
CHRY Chrysalis Investments Ltd
06:01
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VLG
VLG Venture Life Group PLC
06:01
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CURY
CURY Currys PLC
06:01
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CLDN
CLDN Caledonia Investments
06:01
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AO.
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FUTR
FUTR Future PLC
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IGC
IGC India Capital Growth Fund
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DRX
DRX Drax Group PLC
06:01
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EXPN
EXPN Experian PLC
06:01
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STEM
STEM SThree plc
06:01
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SEQI
SEQI Sequoia Econ Infrastructure
06:01
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HSD
HSD Hansard Global Plc
06:01
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Interim Results

**Summary of Hansard Global plc Interim Results for H1 2026** **Financial Performance:** - **Profit Before Tax:** Increased significantly to £2.6 million in H1 2026, up from £0.5 million in H1 2025, driven by strong global equity markets,…

**Summary of Hansard Global plc Interim Results for H1 2026**
**Financial Performance**
**Profit Before Tax** Increased significantly to £2.6 million in H1 2026, up from £0.5 million in H1 2025, driven by strong global equity markets, disciplined cost management, reduced litigation expenses, and one-off income items.
**New Business Sales (PVNBP)** Remained stable at £49.2 million, compared to £49.1 million in H1 2025, with a shift in momentum from Q1 to Q2 due to product enhancements and improved distributor engagement.
**Assets Under Administration (AUA)** Grew by 8% to £1.2 billion since June 2025, reflecting positive market movements and inflows into the single premium proposition.
**Interim Dividend** Maintained at 1.8p per share, consistent with previous years.
**Strategic and Operational Highlights**
**Product Enhancements** Expanded ETF range, improved segmentation features, and introduced multi-beneficiary capabilities and alternative charging structures, leading to a sales rebound in Q2.
**Japan Market Entry** Successfully launched the Japan proposition shortly after the period end, marking a significant strategic milestone. Initial volumes are modest but expected to grow.
**Cost Management** Expenses decreased by 4% to £17.7 million, primarily due to lower litigation costs and continued cost discipline.
**Capital Position** The Group remains strongly capitalized, operating well <mark style="background-color:yellow">above</mark> regulatory solvency requirements.
**New Business Breakdown**
**Single Premium Sales** Increased by 9% to £34.6 million, offsetting a 15% decline in regular premium sales to £14.6 million.
**Geographical Performance** Growth was notable in the Far East, particularly in the Philippines, Malaysia, and Thailand, supported by improved distributor engagement and product enhancements.
**Outlook**
**Positive Trajectory** The Group expects an uplift in full-year profitability, supported by improving sales momentum, strengthening distributor relationships, and the successful launch in Japan.
**Strategic Focus** Continued emphasis on evolving the proposition, expanding international reach, and leveraging the operating platform to drive sustainable growth.
**Chairmans Statement**
**Momentum** The Group enters H2 with growing momentum, supported by product enhancements, international expansion, and improved profitability.
**Dividend** The Board declared an interim dividend of 1.8p per share, reflecting confidence in the Groups financial position and future prospects.
**Risk Management and Internal Control**
**Enterprise Risk Management (ERM)** The Group maintains a comprehensive ERM framework to identify, assess, and manage risks, ensuring robust governance and strategic decision-making.
**Principal Risks** Key risks include distribution, market, credit, liquidity, insurance, legal/regulatory, operational resilience, employee engagement, corporate sustainability, and cyber/information security risks.
**Conclusion**
Hansard Global plc demonstrated resilience and strategic progress in H1 2026, with improved financial performance, successful product and market initiatives, and a strong capital position. The Group is well-positioned for continued growth and value creation in the second half of the year and beyond.
Here is a comparison of the financials and debt year on year for Hansard Global PLC, presented as an HTML table: td>-6.8%
MetricH1 2026H1 2025Change
New Business Sales (PVNBP)£49.2m£49.1m0.2%
New Business Sales (APE)£6.8m£7.3m
IFRS Profit Before Tax£2.6m£0.5m420%
IFRS Fees and Commissions£22.2m£21.3m4%
IFRS Administrative and Other Expenses£17.7m£18.4m-4%
IFRS Basic Earnings Per Share1.9p0.3p533%
Interim Dividend1.8p1.8p0%
Assets under Administration£1.2b£1.1b8%
Value of In-Force£107.0m£103.1m4%
Debt (not explicitly mentioned, but can be inferred from cash flow)No significant debt mentionedNo significant debt mentionedN/A
**Notes:** * The debt column is not explicitly mentioned in the provided text, but it can be inferred from the cash flow statement that there is no significant debt. The company has a strong capital position with significant levels of liquidity and cash, and no borrowings are mentioned. * The change in IFRS Profit Before Tax is calculated as ((£2.6m - £0.5m) / £0.5m) x 100%. * The change in IFRS Basic Earnings Per Share is calculated as ((1.9p - 0.3p) / 0.3p) x 100%. This table provides a clear comparison of the key financials and debt (or lack thereof) for Hansard Global PLC between H1 2026 and H1 2025.
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EDIN
EDIN Edinburgh Investment Trust
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ROR
ROR Rotork PLC
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GMR
GMR Gaming Realms plc
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VOF VinaCapital Vietnam Opportu…
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GAMA
GAMA Gamma Communications PLC
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FEVR
FEVR Fevertree Drinks Plc
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HSX
HSX Hiscox Ltd
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FDEV
FDEV Frontier Developments Plc
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NCC
NCC NCC Group plc
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KNOS
KNOS Kainos Group PLC
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SBDS
SBDS Silver Bullet Data Services…
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79PO
79PO 79PO
06:01
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Issue of AUD1.85B worth of Subordinated Securities

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PAY
PAY PayPoint plc
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MRO
MRO Melrose Industries PLC
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EYE
EYE Eagle Eye Solutions Group p…
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VTY
VTY Vistry Group PLC
06:01
Market

Transaction in Own Shares

Open Terminal Source RNS
GYM
GYM The GYM Group PLC
06:01
Market

Transaction in Own Shares

Open Terminal Source RNS
SU37
SU37 SU37
06:01
Market

Annual Financial Report

Open Terminal Source RNS
BTC
BTC Vinanz Limited
06:01
Market

Gold Hedging Strategy Update

Open Terminal Source RNS
SERE
SERE Schroder European Reit Plc
06:01
Market

Asset Management Update

Open Terminal Source RNS
HSBK
HSBK Halyk Bank of Kazakhstan Jo…
06:01
Market

12M & 4Q 2025 Results Conference Call Invitation

Open Terminal Source RNS
VEIL
VEIL Vietnam Enterprise Investme…
06:01
Market

Transaction in Own Shares

Open Terminal Source RNS
CGI
CGI Canadian General Investment…
06:01
Market

Portfolio Update

Open Terminal Source RNS
RSG
RSG Resolute Mining Limited
06:01
Market

Ore Reserves and Mineral Resource Statement

Open Terminal Source RNS
SNR
SNR Senior PLC
06:01
Market

Announcement Regarding Media Speculation

**Summary:** Senior PLC issued a statement on March 4, 2026, addressing media speculation regarding a possible takeover offer. The company confirmed receiving a preliminary, non-binding all-cash offer from Arcline Investment Management, L…

**Summary**
Senior PLC issued a statement on March 4, 2026, addressing media speculation regarding a possible takeover offer. The company confirmed receiving a preliminary, non-binding all-cash offer from Arcline Investment Management, L.P. on February 21, 2026, to acquire its entire issued and to-be-issued share capital. Discussions with Arcline and other potential offerors are ongoing, but there is no certainty that an offer will be made or its terms.
In compliance with the City Code on Takeovers and Mergers, Arcline must announce a firm intention to make an offer or confirm it does not intend to proceed by April 1, 2026. Senior PLC emphasized that this announcement was made without Arclines consent and provided contact details for inquiries. The company also disclosed its issued share capital and regulatory information, ensuring transparency for stakeholders.
Speculation
Open Terminal Source RNS
GVCT
GVCT Guinness VCT PLC
06:01
Market

Issue of Equity

Open Terminal Source RNS
OXIG
OXIG Oxford Instruments PLC
06:01
Market

Transaction in Own Shares

Open Terminal Source RNS
MOON
MOON Moonpig Group PLC
06:01
Market

Transaction in Own Shares

Open Terminal Source RNS
LRE
LRE Lancashire Holdings Ltd
06:01
Market

Lancashire Holdings Limited's Full-Year 2025 Results

Open Terminal Source RNS
MLHL
MLHL Malibu Life Holdings Limited
06:01
Market

Third Point Master Fund February 2026 Performance

Open Terminal Source RNS
BRGE
BRGE BlackRock Greater Europe In…
06:01
Market

Total Voting Rights

Open Terminal Source RNS
QBT
QBT Quantum Blockchain Technolo…
06:01
Market

Patent Applications Update

Open Terminal Source RNS
EDV
EDV Endeavour Mining Corp
06:01
Market

Endeavour Reports Strong FY-2025 Results

<mark style="background-color:yellow"></mark>

<mark style="background-coloryellow"></mark>
Open Terminal Source RNS
ADM
ADM Admiral Group PLC
06:01
Market

Admiral Group Plc Full Year 2025 Results

**Summary of Admiral Group PLC Full Year 2025 Results** **Financial Highlights:** - **Record Profits:** Admiral Group reported record profits for 2025, with a 16% increase in profit before tax to £957.9 million, driven by strong contribut…

**Summary of Admiral Group PLC Full Year 2025 Results**
**Financial Highlights**
**Record Profits** Admiral Group reported record profits for 2025, with a 16% increase in profit before tax to £957.9 million, driven by strong contributions across the Group.
**Earnings Per Share (EPS)** EPS from continuing operations increased by 16% to 247.4p.
**Dividend Per Share** Dividend per share rose by 7% to 205.0p.
**Insurance Revenue** Insurance revenue grew by 9% to £4.98 billion.
**Customer Growth** Group risks increased by 7% to 11.8 million, with UK insurance risks up 9% to 9.6 million.
**Admiral Money** Gross loan balances increased by 24% to £1.46 billion.
**Solvency Ratio** The solvency ratio (post-dividend) decreased slightly to 193% from 203%.
**Operational Highlights**
**UK Motor Performance** UK Motor delivered an exceptional performance, surpassing £1 billion in profit.
**Diversification** Other UK personal lines, Admiral Money, and European Motor operations collectively generated nearly £100 million in profit, with strong results in France and a rapid recovery in Italy.
**Customer Focus** Continued investment in digital journeys, app functionality, and product development improved customer experiences, reflected in strong service outcomes and Net Promoter Scores <mark style="background-color:yellow">above</mark> 50.
**Strategic Acquisitions and Integrations:** Completed the integration of More Than and announced plans to acquire Flock, a digital fleet insurer, to expand into attractive markets.
**Technology and Innovation** Increased investment in technology, data, and artificial intelligence, including the establishment of a GenAI Centre of Excellence, showing early signs of improved efficiency and customer outcomes.
**Strategic Refresh**
**Three-Pillar Strategy**
1. **Scaling Selectively** Continue growing UK Motor with discipline while improving margins in newer lines.
2. **Future-Proofing Competitive Advantage:** Leverage cost-effective operations, data, and GenAI to increase customer lifetime value and resilience.
3. **Amplifying Admiral DNA** Evolve culture, develop people, and positively impact communities.
**Leadership Changes**
**CFO Transition** Geraint Jones retired as Group CFO, succeeded by Rachel Lewis, who brings deep business knowledge and leadership experience.
**Financial Position and Capital Management:**
**Strong Financial Position** The Group maintains a strong financial position with prudent reserves and a refreshed capital return policy, offering flexibility for future investments and shareholder returns.
**Sustainability and Community Impact**
**Environmental and Social Initiatives** Committed to positively impacting the environment and communities, including partnerships for natural flood management initiatives.
**Conclusion**
Admiral Group’s 2025 results highlight its robust performance, strategic advancements, and commitment to innovation and customer satisfaction. The Group is well-positioned for future growth, supported by a refreshed strategy, strong financial health, and a focus on sustainable value creation.
Here is the HTML table code comparing the financials and debt year on year for Admiral Group PLC: td>-10pts
Metric20252024Change
Group profit before tax from continuing operations (£m)957.9826.5+16%
Earnings per share from continuing operations (pence)247.4212.8+16%
Dividend per share (pence)205.0192.0+7%
Group turnover (£bn)5.905.95-1%
Insurance revenue (£bn)4.984.55+9%
Group risks (million)11.811.0+7%
Admiral Money gross loan balances (£bn)1.461.17+24%
Solvency ratio (post-dividend)193%203%
**Notes:** * The table compares key financial metrics for Admiral Group PLC between 2025 and 2024. * The data is extracted from the provided text, which appears to be an annual report or financial statement. * The "Change" column shows the percentage change between 2025 and 2024 for each metric. * The table is formatted using HTML tags for a clear and concise presentation.
Open Terminal Source RNS
ICGC
ICGC Irish Continental Group plc
06:01
Market

Preliminary Statement of Results for the year ended 31 December 2025

Open Terminal Source RNS
FSG
FSG Foresight Group Holdings Li…
06:01
Market

Transaction in Own Shares

Open Terminal Source RNS
OSB
OSB OneSavings Bank PLC
06:01
Market

OSB GROUP PLC Preliminary Results

Open Terminal Source RNS
ICG
ICG Intermediate Capital Group …
06:01
Market

Transaction in Own Shares

Open Terminal Source RNS
PSH
PSH Pershing Square Holdings Ltd
06:01
Market

Transaction in Own Shares

Open Terminal Source RNS
YNGN
YNGN Young & Co.s Brewery P.L.C
06:01
Market

Transaction in Own Shares

Open Terminal Source RNS

Digested News

The ticker catalyst tape is rendered as native mobile cards. Articles and ticker links stay clickable.

IPF logo
Latest RNS 16:37
IPF

Holding(s) in Company

International Personal Finance PLC

TR1 Buy
['Bank of America Corporation', '2.067629', '1.714699']
ELM logo
Latest RNS 15:58
ELM

Preliminary Results - Correction

Elementis PLC

**Summary of Elementis PLC Preliminary Results for the Year Ended 31 December 2025**
**Financial Performance**
**Resilient Results** Elementis PLC reported a resilient financial performance for 2025, with revenue slightly down to $597.5 million (from $603.8 million in 2024) but strong growth in adjusted operating profit to $126.7 million (up 6.3% from $119.2 million in 2024). The adjusted operating margin improved to 21.2% from 19.7%.
**Dividend Increase** The final proposed dividend increased to 3.0 cents per share, resulting in a full-year dividend of 4.3 cents per share, up 7.5%.
**Statutory Loss** A statutory loss of $45.5 million was reported, primarily due to a $110.5 million loss on the sale of the Talc business in H1 2025.
**Net Debt** Net debt stood at $185.4 million, with a net debt to EBITDA ratio of 1.3x.
**Strategic Progress**
**Elevate Elementis Strategy** The company made significant progress in its Elevate Elementis growth strategy, focusing on innovation, acquisitions, and operational efficiency.
**Acquisition of Alchemy** Acquired Alchemy for $22 million, enhancing its position in the fast-growing natural skincare and cosmetics markets.
**Capacity Expansion** Debottlenecking actions at the St. Louis plant led to a 20% increase in capacity utilization since H1 2025.
**Cost Savings** Delivered $18 million in cost savings in 2025 and is on track to deliver the remaining $4 million in 2026, as part of a $10 million additional cost savings program.
**Sale of Pharmaceutical Business** Agreed to sell its pharmaceutical manufacturing business to Associated British Foods for approximately $40 million, expected to complete in Q2 2026.
**Segment Performance**
**Personal Care** Revenue increased by 3.3% to $224.5 million, with a 2.4% increase on a constant currency basis. Adjusted operating profit rose by 18.2% to $72.8 million, driven by higher pricing and cost savings.
**Coatings** Revenue declined by 3.5% to $373.0 million, with a 4.3% decrease on a constant currency basis, due to soft demand. Adjusted operating profit decreased by 10.2% to $70.4 million, with a resilient margin of 18.9%.
**Innovation and Sustainability**
**Innovation Revenue** Increased by 200 basis points to 16.4%, with a target to reach 20% over the medium term.
**Sustainability Initiatives** Made progress in reducing greenhouse gas emissions, expanding low-carbon electricity usage, and launching sustainable products like biodegradable antiperspirant and deodorant actives.
**Outlook**
**Challenging Environment** The company remains mindful of the soft demand environment for coatings and geopolitical uncertainties but is confident in delivering another year of progress.
**Strategic Focus** Priorities include accelerating innovation, expanding customer relationships, driving operational efficiency, advancing sustainability, and delivering attractive returns to shareholders.
**CEO Commentary**
**Luc van Ravenstein, CEO** Highlighted the companys resilient performance, progress in the Elevate Elementis strategy, and the strategic sale of the pharmaceutical business. Emphasized the focus on innovation, customer relationships, and sustainability to drive long-term value.
**Conclusion**
Elementis PLC demonstrated resilience in 2025 despite challenging market conditions, with strong profitability and strategic advancements. The company is well-positioned to capitalize on growth opportunities in its core markets and adjacent areas, supported by its Elevate Elementis strategy and commitment to sustainability.
Here is the HTML table code comparing the financials and debt year on year for Elementis PLC:
Metric2025 ($m)2024 ($m)Change (%)
Revenue597.5603.8(1.0%)
Adjusted Operating Profit126.7119.26.3%
Net Debt185.4157.217.9%
Net Debt to EBITDA1.31.118.2%
Personal Care Revenue224.5217.43.3%
Coatings Revenue373.0386.4(3.5%)
Operating Profit Margin (%)21.2%19.7%150 bps
Diluted Earnings per Share (cents)13.712.014.2%
Ordinary Dividend per Share (cents)4.34.07.5%
**Notes:** * The table compares key financials and debt metrics for Elementis PLC between 2025 and 2024. * The data is extracted from the provided text, which is a preliminary results announcement for Elementis PLC. * The table includes metrics such as revenue, adjusted operating profit, net debt, net debt to EBITDA, personal care revenue, coatings revenue, operating profit margin, diluted earnings per share, and ordinary dividend per share. * The change percentage is calculated based on the difference between 2025 and 2024 values. This table provides a concise overview of the year-on-year changes in Elementis PLC's financials and debt position.
MTU logo
Latest RNS 15:58
MTU

Holding(s) in Company

Montanaro UK Smaller Companies Investment Trust PLC

TR1 Buy
['Montanaro Asset Management Limited', '11.910000', '10.080000']
BRBY logo
Latest RNS 15:41
BRBY

Holding(s) in Company

Burberry Group PLC

<mark style="background-coloryellow">TR1</mark> Buy
['BlackRock, Inc.', '4.620000', 'Below 5']
EGL logo
Latest RNS 15:31
EGL

Result of AGM

Ecofin Global Utilities and Infrastructure Trust plc

BGUK logo
Latest RNS 15:17
BGUK

Holding(s) in Company

Baillie Gifford UK Growth Fund PLC

TR1 Buy
['City of London Investment Management Company Limited', '16.020000', '15.930000']
ATT logo
Latest RNS 15:16
ATT

Holding(s) in Company

Allianz Technology Trust PLC

TR1 Buy
['Saba Capital Management, L.P.', '0.328293', 0]
ALT logo
Latest RNS 14:40
ALT

Director/PDMR Shareholding

Altitude Group Plc

On 5 March 2026, Alexander Brennan, Executive Chairman, <mark style="background-color:yellow">purchase</mark>d 52,840 Ordinary Shares at a price of 22.9243 pence per share. Following the purchase of Ordinary Shares, Alexander Brennans beneficial holding is 137,121 Ordinary Shares, representing approximately 0.19% of the Companys issued share capital.
IPF logo
Latest RNS 14:26
IPF

Form 8.3

International Personal Finance PLC

IPF logo
Latest RNS 14:01
IPF

Form 8.3

International Personal Finance PLC

GEN logo
Latest RNS 13:47
GEN

Holding(s) in Company

Genuit Group plc

TR1 Buy
['Wellington Management Group LLP', '5.150000', '4.370000']
GEN logo
Latest RNS 13:42
GEN

Holding(s) in Company

Genuit Group plc

TR1 Buy
['Wellington Management International Ltd', '5.150000', '4.370000']
OXIG logo
Latest RNS 13:41
OXIG

Holding(s) in Company

Oxford Instruments PLC

TR1 Buy
['Artemis Investment Management LLP', '14.33528', '14.712170']
STB logo
Latest RNS 13:35
STB

Holding(s) in Company

Secure Trust Bank PLC

TR1 Buy
['Premier Miton Group plc', '4.961472', '5.040690']
IPF logo
Latest RNS 11:58
IPF

Form 8.3

International Personal Finance PLC

AMG logo
Latest RNS 11:31
AMG

UPSA Update

Atlas Metals Group plc

**Summary**
Atlas Metals Group PLC (LONAMG) provided an update on its proposed acquisition of Universal Pozzolanic Silica Alumina Ltd (UPSA), which is progressing as expected. UPSAs recent press release highlighted significant developments since the announcement of the reverse takeover (RTO) by Atlas Metals in June 2025. Key points include
1. **Resource Valuation and Upgrade**An independent assessment by SLR Consulting valued UPSAs pozzolanic silica alumina (PSA) resources at Warialda, Australia, at AUS$3.4 billion (£1.7 billion). The resources have been upgraded to the "Measured" category, with 86.5 million tonnes of PSA identified in Lots 7 & 8, exceeding the 25-year sales target of 75 million tonnes.
2. **Extraction and Transportation**UPSA is working to secure a State Significant Development (SSD) permit to increase annual extraction limits from 35,000 to 3 million metric tonnes. Plans for a railway spur will reduce transportation costs and increase sales capacity.
3. **Short-Term Operations**UPSA has engaged a local quarry operator for immediate extraction and delivery of PSA to Brisbane port, ensuring profitability despite higher costs.
4. **Market Opportunities**UPSA targets global markets, particularly the UK, North America, and Europe, leveraging PSAs ability to replace 40% of cement in concrete production, reducing carbon emissions and generating carbon credits.
5. **Strategic Planning**UPSA has developed a detailed 10-year operating plan with a multinational consulting firm, focusing on the global concrete sector.
6. **Carbon Credits and Accreditation**UPSA is working with Verra to accredit carbon credits from PSA use, enhancing its value proposition.
7. **Future Prospects**UPSA aims to become a leading player in the global concrete and aggregate sector, with plans to list on the London Stock Exchange post-RTO to access global capital markets.
The acquisition remains on track, with further updates expected as progress continues.
The provided text does not contain specific financial or debt data for a year-on-year comparison. It is primarily a press release discussing the progress of Atlas Metals Group PLC's proposed acquisition of Universal Pozzolanic Silica Alumina Ltd (UPSA), including updates on resource valuations, operational plans, and market opportunities. Since there are no financial or debt figures provided, I cannot create a year-on-year comparison table. However, if you have specific financial data (e.g., revenue, net income, debt levels) for different years, I can help you create an HTML table for comparison. Below is an example template for such a table:
MetricYear 2024Year 2025Year 2026
Revenue£X,XXX,XXX£X,XXX,XXX£X,XXX,XXX
Net Income£X,XXX,XXX£X,XXX,XXX£X,XXX,XXX
Total Debt£X,XXX,XXX£X,XXX,XXX£X,XXX,XXX
If you provide the actual financial and debt figures, I can populate this table accordingly. Let me know how you'd like to proceed!
BATS logo
Latest RNS 11:31
BATS

Director/PDMR Shareholding

British American Tobacco PLC

<mark style="background-coloryellow">Purchase</mark> of ordinary shares under the Partnership Share Scheme - a HMRC approved Share Incentive Plan
IPF logo
Latest RNS 11:23
IPF

Form 8.3

International Personal Finance PLC

NAVF logo
Latest RNS 10:38
NAVF

Holding(s) in Company

Nippon Active Value Fund Plc

TR1 Buy
['Azvalor Asset Management SGIIC SA', '6.203000', '5.110000']
BBH logo
Latest RNS 10:31
BBH

Holding(s) in Company

Bellevue Healthcare Trust PLC

TR1 Buy
['Almitas Capital LLC', '0.000000', '0.000000']
HCM logo
Latest RNS 10:01
HCM

2025 Full Year Results and Business Updates

HUTCHMED China Ltd

**Summary of HUTCHMED (China) Limiteds 2025 Full Year Results and Business Updates**
HUTCHMED (China) Limited reported robust financial and operational performance for the year ended December 31, 2025, highlighting significant advancements in its pipeline, commercial expansion, and financial health.
**Financial Highlights**
**Net Income** $456.9 million, driven by profitable core operations and a $415.8 million divestment gain from the partial sale of SHPL.
**Revenue** $548.5 million, down 13% from 2024 due to lower oncology product revenue in China and reduced milestone payments.
**In-Market Sales** $524.7 million, up 5%, with FRUZAQLA® (fruquintinib ex-China) sales by Takeda rising 26% to $366.2 million, offset by declines in ELUNATE® and ORPATHYS® in China.
**Cash Position** $1.4 billion, bolstered by divestment proceeds and operational cash flows.
**Commercial Progress**
**FRUZAQLA®** Strong global growth, with approvals in 38 countries and launches in Europe, Asia, and the Americas.
**ELUNATE®** Sales stabilized in H2 2025 after initial headwinds, supported by refocused commercial strategies.
**ORPATHYS®** Triggered an $11.0 million milestone payment from AstraZeneca for China approval in lung cancer.
**Pipeline Advances**
**ATTC Platform** Initiated first clinical trial for HMPL-A251 in December 2025, with HMPL-A580 and HMPL-A830 trials progressing.
**Late-Stage Programs** Positive Phase III results for FRUSICA-2 (RCC), ESLIM-02 (wAIHA), and SULANDA®-based combinations, leading to regulatory filings and approvals.
**Regulatory Milestones** Savolitinib approvals in China and Switzerland, fanregratinib NDA acceptance, and tazemetostat conditional approval.
**Strategic Initiatives**
**Partnerships** Exploring collaborations with multinational pharmaceutical companies for ATTC candidates.
**Sustainability** Achieved ESG recognition with A ratings from MSCI and Wind, and inclusion in the S&P Global Sustainability Yearbook 2025.
**Leadership and Outlook**
**Management** Restructured commercial team to drive growth, with significant improvements in H2 2025.
**Guidance** 2026 oncology/immunology revenue projected at $330–$450 million, supported by FRUZAQLA® expansion and new partnerships.
HUTCHMED remains focused on innovation, global expansion, and financial sustainability, positioning itself as a leader in novel cancer therapies.
Below is the HTML table code comparing the financials and debt year on year based on the provided text:
Metric2025 ($ in millions)2024 ($ in millions)Change
Revenue548.5630.2-13%
Oncology/Immunology Revenue285.5363.4-21%
Other Ventures Revenue263.0266.8-1%
Net Income456.937.7+1116%
Cash, Cash Equivalents & Short-Term Investments1,367.3836.1+63%
Total Assets1,753.11,274.2+38%
Total Liabilities501.8502.3-0.1%
R&D Expenses148.3212.1-30%
S&A Expenses103.0112.9-9%
Gain on Divestment (SHPL)415.8-N/A
### Key Notes: 1. **Revenue**: Decreased by 13% year-on-year, primarily due to lower oncology/immunology revenue. 2. **Net Income**: Significantly increased due to a $415.8 million divestment gain from SHPL. 3. **Cash Position**: Improved by 63% due to the divestment proceeds. 4. **R&D Expenses**: Reduced by 30% as higher-cost late-stage trials were completed. 5. **Debt (Bank Borrowings)**: Increased slightly from $82.8 million to $93.2 million. This table provides a concise comparison of key financial metrics between 2025 and 2024.
BYIT logo
Latest RNS 09:31
BYIT

Holding(s) in Company

Bytes Technology Ltd

<mark style="background-coloryellow">TR1</mark> Buy
['JPMorgan Chase & Co.', '0.344625', 'Below Minimum Threshold']
IPF logo
Latest RNS 08:59
IPF

Holding(s) in Company

International Personal Finance PLC

TR1 Buy
['JPMorgan Chase & Co.', '0.000000', '0.292760']
GRP logo
Latest RNS 06:03
GRP

New Green Digital Infrastructure Platform Launch

Greencoat Renewables PLC

**Summary**
Greencoat Renewables PLC announced the launch of a new **Green Digital Infrastructure Platform** on March 5, 2026, focusing on renewable energy-powered data centers to support AI-driven growth. The platform’s inaugural investment is **Drogheda Energy Park** in Ireland, a brownfield site near Drogheda Port, which will integrate flexible renewable energy generation, storage, and grid services. This 50:50 joint venture with Schroders Greencoat’s SCSL Global Energy Infrastructure aims to capitalize on Ireland’s emerging digital infrastructure cycle, supported by the government’s **Large Energy-Users Action Plan (LEAP)**. Drogheda Energy Park, with its advanced planning consent for a 36MW data center, will source renewable energy via corporate PPAs, contributing to Ireland’s net-zero goals while boosting regional investment and employment. Greencoat Renewables leverages its expertise in renewable energy and grid infrastructure to address the complex energy demands of hyperscalers and large digital infrastructure projects. The platform plans to expand further into Ireland and other European markets.
Launch
GFTU logo
Latest RNS 06:03
GFTU

Share Buyback Programme

Grafton Group plc

**Summary**
Grafton Group plc, a European multinational distributor of construction-related products and solutions, announced on March 5, 2026, its intention to launch a new share buyback programme. The company has entered into non-discretionary arrangements with Goodbody Stockbrokers UC and Deutsche Bank AG to repurchase ordinary shares for a maximum aggregate consideration of £25 million. The buyback programme will commence on March 5, 2026, and is expected to end by August 31, 2026, subject to market conditions.
Under the programme, up to 15,611,936 shares will be repurchased on the London Stock Exchange and subsequently cancelled, with the aim of reducing the companys share capital. The buyback will comply with relevant regulations, including the Market Abuse Regulation and UK Financial Conduct Authority rules. The company will provide further updates on the progress of the buyback programme, although there is no guarantee it will be fully implemented.
**Key Points**
Grafton Group plc announces a new share buyback programme.
Maximum aggregate consideration£25 million.
Programme duration: March 52026 – August 312026 (subject to market conditions).
Maximum number of shares to be repurchased: 15,611,936.
Shares will be repurchased on the London Stock Exchange and cancelled.
Compliance with Market Abuse Regulation and UK FCA rules.
No guarantee of full implementation.
BuyBack
HTG logo
Latest RNS 06:03
HTG

Cost Reduction Plan & Update to Capital Allocation

Hunting PLC

**Summary**
Hunting PLC, a global precision engineering group, announced updates to its cost reduction plans and capital allocation priorities as part of its Hunting 2030 Strategy. Key highlights include
1. **Cost Reduction Plan**
A cost reduction program running through 2027 aims to increase profitability and streamline centralized costs, with projected savings of approximately $15 million, in addition to the $20 million already saved through restructuring efforts in the Hunting Titan and EMEA segments.
The closure of the Fordoun, Aberdeen site by June 2026 and the implementation of regional shared-service functions in Europe and North America are expected to contribute to ongoing SG&A cost savings.
2. **Capital Allocation Update**
A proposed $40 million Share Buyback program will be executed over two years (until March 2028), with $20 million targeted annually. This aligns with the company’s balanced capital allocation strategy, matching proposed dividend distributions.
The buyback reflects confidence in cash generation and aims to enhance shareholder returns.
3. **Strategic Focus**
Hunting remains committed to maximizing profitability, cash generation, and pursuing growth opportunities through its key products and technology offerings as part of its 2030 Strategy.
CEO Jim Johnson emphasized the company’s focus on profitability, cash generation, and shareholder returns, highlighting the extension of ambitions to 2028 with the new buyback program. Hunting PLC operates globally, with segments across North America, EMEA, Asia Pacific, and product groups including OCTG, Perforating Systems, and Subsea Technologies.
Below is the HTML table code comparing the financials and debt year-on-year based on the provided text. Since the text does not explicitly provide detailed financial or debt figures for specific years, the table is structured to reflect the key financial initiatives and their timelines as mentioned in the announcement.
Metric20242025202620272028
Cost Reduction Initiatives$20 million (restructuring started)Regional shared-service functions implemented in Q4$20 million savings realized by JuneAdditional $15 million savings ongoingTotal $15 million annual savings expected
Share Buyback ProgrammeN/AN/ANew $40 million programme announced$20 million targeted$20 million targeted (completion)
Capital Allocation FocusRestructuring and profitabilityShared-service implementationShare buyback and growth opportunitiesBalanced capital allocationReturns to shareholders
### Explanation: 1. **Cost Reduction Initiatives**: The table highlights the cost savings and restructuring efforts across the years, as mentioned in the text. 2. **Share Buyback Programme**: The $40 million share buyback programme is spread over 2026 to 2028, with $20 million targeted per year. 3. **Capital Allocation Focus**: The table summarizes the shifting focus of capital allocation over the years, from restructuring to shareholder returns. This table provides a structured overview of the key financial and strategic initiatives mentioned in the announcement.
VTU logo
Latest RNS 06:02
VTU

Share Buyback Programme

Vertu Motors Plc

**Summary**
Vertu Motors PLC announced a new £12 million share buyback programme on March 5, 2026, reflecting the Boards commitment to increasing capital allocation for buybacks as part of its shareholder return strategy, alongside dividend payments. The programme, executed by broker Shore Capital Stockbrokers Limited, will utilize the companys existing cash resources to repurchase ordinary shares on the London Stock Exchange until February 28, 2027, or until the maximum amount is reached. Repurchased shares will be cancelled. The company has remaining authority to buy back up to 21,696,787 shares and plans to seek renewal of this authority at the 2026 AGM. The programme will comply with UK market regulations, though it may occasionally exceed 25% of daily trading volume, potentially limiting certain regulatory exemptions. Further announcements will follow share repurchase completions, with no guarantee of full implementation.
**Key Points**
£12 million share buyback programme announced.
Repurchases to be executed via Shore Capital until February 28, 2027.
Shares will be cancelled upon repurchase.
Programme aligns with shareholder return strategy, alongside dividends.
Compliance with UK market regulations, with potential exceptions for high trading volume days.
No certainty of full programme implementation.
BuyBack
CABP logo
Latest RNS 06:02
CABP

Further response to firm offer announcement

CAB Payments Holdings Ltd

CAB Payments Holdings PLC has issued a further response to the firm offer announcement by the Helios Consortium, reiterating its stance that the offer is highly opportunistic and fundamentally undervalues the company. The Independent Board of CAB Payments has unanimously recommended that shareholders reject the offer, citing several reasons
1. **Positive Inflection Point**CAB Payments FY25 results marked a significant turnaround, with double-digit growth, improved financial performance, and strategic progress. The company has strengthened its client base, diversified its revenue streams, and expanded its global footprint.
2. **Undervaluation**The Helios Consortiums offer is considered low, with a premium of only around 18% based on the undisturbed share price before the offer announcement. The Independent Board believes this undervalues CAB Payments strategic progress, financial performance, and future prospects.
3. **Long Timeline and Regulatory Hurdles**: The offer process is expected to be protracted, with several material regulatory pre-conditions to be satisfied or waived before the offer document can be published. The timeline may extend into Q2 2027, creating uncertainty for shareholders.
4. **USD Consideration and FX Risk**The cash offer is denominated in USD, exposing shareholders to foreign exchange rate fluctuations during the prolonged offer period.
5. **Illiquid Share Alternative**The partial share alternative offered by Helios Consortium includes non-voting, illiquid rollover securities with restrictive transfer conditions and lock-ups, making them difficult to realize.
6. **Confidence in Future Growth**CAB Payments has updated its medium-term growth guidance, expecting high-teens to low-twenties compound annual growth rate in Total Income (excluding Net Interest Income) over the next three years. The companys strategic initiatives, improved operating leverage, and capital-lite model are expected to drive shareholder value.
7. **Scarcity Value and High Barriers to Entry**: CAB Payments unique position, with deeply embedded central bank relationships and regulatory approvals, creates structural barriers for new entrants and intensifies network effects as payment flows scale.
The Independent Board has communicated its rationale for rejecting the offer to the Helios Consortium and has engaged extensively with major shareholders. Shareholders are advised to take no action regarding the offer at this time, as the formal offer document is not expected to be published until regulatory clearances are obtained. The Independent Board will provide a detailed circular to shareholders once the offer document is published, outlining its reasons for recommending rejection.
Offers
GRP logo
Latest RNS 06:02
GRP

Commencement of Share Buyback Programme

Greencoat Renewables PLC

**Summary**
Greencoat Renewables PLC announced the commencement of its share buyback programme on March 5, 2026, with an initial tranche of €25 million. This is part of a larger €100 million buyback plan over the next 12 months, aimed at reducing share capital and addressing a significant discount to NAV. The programme will be executed by J&E Davy and RBC Europe Limited on Euronext Dublin, with shares being repurchased and subsequently cancelled. The buyback is authorized under the companys general authority and complies with EU and UK market regulations. Greencoat Renewables, managed by Schroders Greencoat LLP, invests in euro-denominated renewable energy infrastructure assets, primarily in Ireland and select European countries. The programme is expected to run until September 30, 2026, subject to market conditions.
BuyBack
RTO logo
Latest RNS 06:01
RTO

Preliminary Results

Rentokil Initial PLC

Rentokil Initial PLC, a global leader in pest control and hygiene services, announced its preliminary results for 2025, highlighting strategic progress and financial performance. Key takeaways include
**Financial Performance**
**Revenue Growth** Group revenue increased by 3.8% to $6,908 million, driven by strong demand and pricing across key markets. Organic revenue growth was 2.6%, with improvements in the second half (H2) of the year.
**Profitability** Adjusted Operating Profit rose by 5.4% to $1,070 million, with a margin of 15.5%. Adjusted Profit Before Tax reached $876 million, and Free Cash Flow increased by 24.5% to $615 million.
**Dividend** A recommended final dividend of 8.24 cents per share was announced, bringing the total FY25 dividend to 12.39 cents, up 3.0% year-on-year.
**Strategic Initiatives**
**North America Focus** Rentokil is streamlining its North American operations, aiming to retain 30 brands covering 90% of revenues and expand its branch network to around 800 locations by the end of 2026. This includes a focus on local brands and satellite branches to enhance customer proximity.
**Cost Efficiency** The company is on track to achieve a $100 million cost reduction in North America by 2027, with $25 million saved in 2025. This is expected to improve the operating margin to <mark style="background-color:yellow">above</mark> 20% by 2027.
**Digital and AI Investment** Rentokil is investing in data capabilities, product innovation, and AI to drive performance. The Gemini platform and in-house AI tools like RAT-GPT are being rolled out to improve productivity and customer service.
**Regional Performance**
**North America** Organic Revenue Growth improved to 2.3%, with Pest Control Services showing a strong recovery in Q4. The regions Adjusted Operating Profit margin increased to 17.4%.
**International** The International segment saw Organic Revenue Growth of 3.0%, with strong performances in the UK, Southern Europe, India, and Indonesia. Adjusted Operating Profit margin was 19.8%.
**Outlook**
Despite geopolitical uncertainties and weather-related disruptions, Rentokil expects FY 2026 financial results to be in line with market expectations.
The company remains focused on executing its strategic initiatives, particularly in North America, to drive growth and improve margins.
**Leadership Transition**
Andy Ransom, CEO, announced his departure, with Mike Duffy appointed as his successor. Ransom expressed gratitude for the teams efforts during his 12-year tenure and confidence in the companys future under new leadership.
In summary, Rentokil Initials 2025 results reflect a year of strategic progress, with improved financial performance, particularly in the second half. The company is well-positioned to capitalize on industry growth, driven by its leading market positions and ongoing strategic initiatives, especially in North America.
Here is the HTML table code comparing the financials and debt year on year for Rentokil Initial PLC:
Metric2025 ($m)2024 ($m)Change (reported) %Change (constant currency) %
Revenue6,9086,6174.4%3.8%
EBITDA1,4301,3654.8%
Operating Profit1,0701,0086.2%5.4%
Profit before Tax8768424.0%4.1%
Free Cash Flow61549424.5%
Net debt3,6504,017
Net debt:EBITDA2.6x2.9x
**Key Observations:** - Revenue increased by 4.4% (reported) and 3.8% (constant currency) from 2024 to 2025. - EBITDA grew by 4.8% from 2024 to 2025. - Operating Profit increased by 6.2% (reported) and 5.4% (constant currency) from 2024 to 2025. - Profit before Tax rose by 4.0% (reported) and 4.1% (constant currency) from 2024 to 2025. - Free Cash Flow significantly improved by 24.5% from 2024 to 2025. - Net debt decreased from $4,017 million in 2024 to $3,650 million in 2025. - Net debt to EBITDA ratio improved from 2.9x in 2024 to 2.6x in 2025. This table provides a concise comparison of key financials and debt metrics for Rentokil Initial PLC between 2024 and 2025.
ELM logo
Latest RNS 06:01
ELM

Preliminary Results

Elementis PLC

**Summary of Elementis PLC Preliminary Results for the Year Ended 31 December 2025**
Elementis PLC, a specialty chemicals company, reported its preliminary results for the year ended 31 December 2025, highlighting a resilient financial performance despite challenging market conditions. The companys revenue remained stable at $597.5 million, with a strong adjusted operating profit of $126.7 million, up 4.6% from the previous year. The adjusted operating margin also improved to 21.2%, reflecting efficient cost management and operational improvements.
**Key Financial Highlights**
**Revenue** $597.5 million, slightly down from $603.8 million in 2024, primarily due to lower volumes in the Coatings segment.
**Adjusted Operating Profit** $126.7 million, up 6.3% from $119.2 million in 2024, driven by self-help initiatives and cost savings.
**Adjusted Operating Margin** 21.2%, up from 19.7% in 2024, demonstrating improved profitability.
**Statutory Loss** $45.5 million, including a $110.5 million loss on the sale of the Talc business in H1 2025.
**Dividend** Proposed final dividend of 3.0 cents per share, resulting in a full-year dividend of 4.3 cents per share, up 7.5%.
**Strategic Progress**
**Elevate Elementis Strategy** Launched in July 2025, focusing on accelerating sustainable growth, becoming the first choice for customers, and simplifying operations.
**Acquisition of Alchemy** Acquired for $22 million, enhancing the companys position in the fast-growing natural skincare and cosmetics markets.
**Debottlenecking and Cost Savings** Achieved a 20% uplift in capacity utilization at the St. Louis plant and delivered $18 million in cost savings in 2025.
**Sale of Pharmaceutical Business** Agreed to sell the pharmaceutical manufacturing business to Associated British Foods for approximately $40 million, expected to complete in Q2 2026.
**Segment Performance**
**Personal Care** Revenue up 2.4% to $224.5 million, with strong operating margin improvement to 32.4%.
**Coatings** Revenue down 4.3% to $373.0 million due to soft demand, but operating margin remained resilient at 18.9%.
**Sustainability and Innovation**
**Sustainability** Achieved zero lost time accidents in 2025 and made progress towards science-based targets for greenhouse gas reductions.
**Innovation** Increased R&D investment to 3% of revenue, with innovation revenue up to 16.4%.
**Outlook**
Elementis remains confident in its ability to deliver progress in 2026, despite ongoing challenges in the coatings market and geopolitical uncertainties. The company is well-positioned to capitalize on opportunities in its core markets and adjacent areas, driven by its Elevate Elementis strategy and focus on innovation and sustainability.
**CEO Comment**
Luc van Ravenstein, CEO, expressed satisfaction with the resilient performance and highlighted the companys strategic progress, including the successful sale of the Talc business and the launch of the Elevate Elementis strategy. He emphasized the companys commitment to innovation, customer focus, and operational efficiency, positioning Elementis for long-term growth and value creation.
Here is the HTML table code comparing the financials and debt year on year for Elementis PLC:
Metric2025 ($m)2024 ($m)Change (%)
Revenue597.5603.8(1.0%)
Adjusted Operating Profit126.7119.26.3%
Net Debt185.4157.217.9%
Net Debt to EBITDA1.31.118.2%
Personal Care Revenue224.5217.43.3%
Coatings Revenue373.0386.4(3.5%)
Operating Profit Margin (%)21.2%19.7%150 bps
Diluted Earnings per Share (cents)13.712.014.2%
Ordinary Dividend per Share (cents)4.34.07.5%
**Key Observations:** * **Revenue:** Slightly decreased by 1.0% from 2024 to 2025, primarily due to lower volumes in Coatings. * **Adjusted Operating Profit:** Increased by 6.3%, driven by self-help initiatives and proactive cost management. * **Net Debt:** Increased by 17.9%, mainly due to the acquisition of Alchemy and share buyback program. * **Net Debt to EBITDA:** Increased by 18.2%, reflecting the higher net debt level. * **Personal Care Revenue:** Grew by 3.3%, driven by improved pricing and volumes. * **Coatings Revenue:** Declined by 3.5% due to weaker volume demand in industrial and architectural coatings. * **Operating Profit Margin:** Improved by 150 basis points, indicating better cost control and operational efficiency. * **Diluted Earnings per Share:** Increased by 14.2%, primarily due to higher profit after tax. * **Ordinary Dividend per Share:** Increased by 7.5%, reflecting the company's confidence in its financial performance.
ITV logo
Latest RNS 06:01
ITV

ITV plc Full Year Results 2025

ITV PLC

**Summary of ITV PLC Full Year Results 2025 (Released March 2026)**
ITV PLC reported a resilient performance for the full year 2025, exceeding market expectations despite a challenging industry backdrop. The company’s **More Than TV** strategy continued to drive transformation, with two-thirds of revenues now coming from ITV Studios and its digital Media & Entertainment (M&E) business.
**Key Financial Highlights**
**Group total external revenue** increased by **1%** to £3.51 billion, with **ITV Studios** revenue growing **5%** to £2.13 billion, driven by strong demand from global streaming platforms.
**Digital revenues** rose **10%** to £614 million, offsetting a **5% decline** in linear advertising revenue.
**Adjusted EBITA** remained stable, down only **1%** to £531 million, supported by **£63 million** in permanent non-content cost savings.
**Adjusted EPS** declined **11%** to 8.5p, while the Board proposed a **5.0p per share** full-year dividend, totaling £190 million.
**Business Segments**
**ITV Studios** outperformed the market, with **10% growth** in external revenue, reflecting its global scale and diversification. Adjusted EBITA margin was **13.9%**, slightly down due to revenue mix changes.
**M&E** saw **16% growth** in ITVX viewing and **12% growth** in digital advertising revenues, though total revenue declined **5%** due to lower linear advertising.
**Strategic Progress**
ITVX successfully drove profitable growth, recouping its entire investment four years ahead of schedule.
The company secured exclusive rights to major sporting events, including the expanded Men’s Football World Cup and all England Men’s rugby matches.
Discussions with Sky regarding a potential sale of the M&E business are ongoing, though no certainty of a transaction exists.
**Outlook for 2026**
ITV Studios is expected to deliver **good revenue growth**, with adjusted EBITA margins at the lower end of the **13%-15%** range.
M&E is forecast to generate strong digital advertising revenue growth, supported by ITVX’s success.
**Q1 2026 TAR** is expected to decline by **2%**, better than anticipated, with advertisers focusing on Q2 and Q3 around the Football World Cup.
An additional **£20 million** in permanent non-content cost savings is planned for 2026, with total content spend around **£1.225 billion**.
**Conclusion**
ITV PLC demonstrated its ability to adapt and grow in a rapidly evolving media landscape, with a focus on digital transformation, cost efficiency, and strategic content investments. The company remains confident in its ability to deliver profitable growth and strong cash generation in 2026 and beyond.
Here is the HTML table code comparing the financials and debt year on year for ITV PLC:
Metric2025 (£m)2024 (£m)Change (£m)Change (%)
ITV Studios total revenue2,1302,038925%
Total advertising revenue1,7231,820(97)(5%)
M&E non-advertising revenue268282(14)(5%)
M&E total revenue1,9912,102(111)(5%)
Total group revenue4,1214,140(19)0%
Group external revenue3,5113,488231%
Total non-advertising revenue2,3982,320783%
ITV Studios adjusted EBITA297299(2)(1%)
M&E adjusted EBITA234250(16)(6%)
Adjusted EBITA531549(18)(3%)
Group adjusted EBITA534542(8)(1%)
Profit before tax (adjusted)448472(24)(5%)
Adjusted EPS (p)8.59.6(1.1)(11%)
Net debt as at 31 December(566)(431)(135)(31%)
**Note:** The table only includes the key financial metrics mentioned in the text. The debt comparison is based on the "Net debt as at 31 December" metric. The table uses a simple border for clarity and includes headers for each column.
WINE logo
Latest RNS 06:01
WINE

Director/PDMR Shareholding

Naked Wines plc

Following the <mark style="background-color:yellow">purchase</mark> of shares, Mr. Pailings beneficial interest in the Company and that of persons closely associated with him is 961,843 Ordinary Shares representing approximately 1.34% of the issued share capital of the Company.
HBR logo
Latest RNS 06:01
HBR

Full year results for the year to 31 December 2025

Harbour Energy PLC

Harbour Energy PLC has released its full-year results for 2025, highlighting significant progress in operational performance, strategic growth, and financial strength. Key highlights include
**Record Production and Operational Excellence**: Harbour achieved record production of 474 thousand barrels of oil equivalent per day (kboepd), an 84% increase from 2024, driven by new wells and projects in the UK, Norway, Argentina, and Egypt. Unit operating costs were reduced by 22% to $12.8/boe, and the company maintained a strong safety record with a Total Recordable Injury Rate (TRIR) of 1.1 per million hours worked.
**Strategic Growth and Acquisitions**Harbour made substantial progress in its growth projects, including becoming the operator of the Zama oil field in Mexico and advancing the Southern Energy LNG project in Argentina. The company also completed the acquisition of LLOG, entering the US deepwater Gulf of America, and announced the acquisition of Waldorf in the UK, which is expected to unlock significant financial synergies.
**Financial Performance**Revenue and other income increased to $10.3 billion, with adjusted EBITDAX rising to $7.2 billion. Free cash flow grew to $1.1 billion, and adjusted profit after tax reached $0.6 billion. The company maintained investment-grade credit ratings and adopted a new distribution policy linking shareholder returns directly to free cash flow.
**Shareholder Returns**Harbour returned approximately 40% of annual free cash flow to shareholders since 2022 and aims to return 45-75% of free cash flow annually under the new policy. A final dividend of 8.05 cents per voting ordinary share was declared for 2025, bringing total distributions to $478 million.
**2026 Outlook**Harbour expects production to range between 475-500 kboepd in 2026, with unit operating costs around $14.5/boe and total capital expenditure of $2.2-2.4 billion. Free cash flow is estimated at $0.6 billion, assuming $65/bbl Brent and $11/mscf European gas prices. The company remains focused on safety, operational excellence, and advancing its growth projects.
Overall, Harbour Energys 2025 results demonstrate strong operational and financial performance, strategic growth through acquisitions, and a commitment to returning value to shareholders. The company is well-positioned for continued success in 2026 and beyond.
Here is the comparison of financials and debt year on year presented as an HTML table:
Metric20242025Change
Revenue and other income ($ million)6,22610,261+65%
Adjusted EBITDAX ($ million)4,1467,196+74%
Free cash flow ($ million)(118)1,066+1,053%
Net debt ($ million)4,4244,305-3%
Leverage ratio (times)1.10.6-45%
Production (kboepd)258474+84%
Unit operating costs ($/boe)16.512.8-22%
**Key Observations:** - **Revenue and Adjusted EBITDAX:** Significant increases in both metrics, driven by higher production volumes, improved operational performance, and the full-year contribution from the Wintershall Dea assets. - **Free Cash Flow:** A substantial improvement from a negative to a positive value, reflecting strong operational execution, capital discipline, and the scale of the enlarged portfolio. - **Net Debt and Leverage Ratio:** Net debt decreased slightly, while the leverage ratio improved significantly due to the substantial increase in EBITDAX. - **Production and Unit Operating Costs:** Production nearly doubled, while unit operating costs decreased significantly, showcasing improved operational efficiency.
CABP logo
Latest RNS 06:01
CABP

CAB Payments Full Year 2025 Results

CAB Payments Holdings Ltd

CAB Payments Holdings PLC, a specialist bank connecting fast-growing markets to the global financial system, announced its full-year 2025 results, marking a return to profitable growth. Key highlights include
**Financial Performance**Total Income increased by 12% year-on-year to £119 million, and Adjusted EBITDA rose by 14% to £35 million. Adjusted EPS grew by 9% to 6.8p, though Reported EPS decreased slightly to 5.4p due to one-off restructuring costs.
**Client and Volume Growth**Active clients increased to 592, up from 546 in 2024, with client onboarding times reduced by 40%. Wholesale FX & Payment FX volumes grew by 13% to £41.9 billion, and payments processed increased by 19% to 1.2 million transactions.
**Strategic Expansion**CAB Payments opened new offices in New York and Abu Dhabi, expanding its global footprint. The company also appointed additional US dollar and euro clearing banking partners to enhance operational resilience.
**Capital and Liquidity**The pro-forma CET1 ratio strengthened to 22.1%, and the balance sheet remains highly liquid with strong NSFR and LCR ratios.
**Outlook**CAB Payments targets high-teens to low 20s percentage CAGR growth in Total Income (excluding Net Interest Income) over the next three years, driven by increased operational leverage and capital generation.
**Strategic KPIs**Significant improvements were noted in active clients, total FX volumes, payments processed, and revenue diversification. Trade Finance income grew by 52%, and average deposits increased by 4% to £1.5 billion.
**Management Commentary**Group CEO Neeraj Kapur emphasized the companys strategic realignment, relationship-led approach, and focus on fast-growing, hard-to-reach markets. The company is investing in its network, people, products, and platform to sustain growth.
**Investor Relations**CAB Payments hosted webcasts for analysts, institutional investors, and retail investors to discuss the results and future prospects.
Overall, CAB Payments demonstrated strong financial and operational performance in 2025, positioning itself for sustained growth in 2026 and beyond.
Here is the HTML table code comparing the financials and debt year on year based on the provided text:
Metric20252024YoY Growth %
Total Income (£m)119.0106.412%
Adjusted EBITDA (£m)35.230.814%
Adjusted EPS (pence)6.86.39%
Reported EPS (pence)5.45.6-4%
Active Clients5925468%
Wholesale FX & Payment FX Volumes (£bn)41.937.213%
Payments Processed (transactions)1.2mN/A19%
Proforma CET1 Ratio (%)22.119.215%
Total CET1 Capital (£m)129.3116.011%
Core Capex (£m)8.612.5-31%
Operating Free Cash Flow (£m)27.215.575%
**Notes:** * The table compares key financial metrics and debt-related figures for CAB Payments Holdings PLC between 2025 and 2024. * The data is extracted from the provided text, which is a news article announcing CAB Payments' full-year 2025 results. * Some metrics, such as Payments Processed, did not have a comparable figure for 2024, so the YoY Growth % is based on the available information. * The table does not include all financial metrics mentioned in the text, but rather focuses on the most relevant ones for comparing financials and debt year on year.
BMY logo
Latest RNS 06:01
BMY

Trading Update

Bloomsbury Publishing Plc

**Summary**
Bloomsbury Publishing PLC released a trading update on March 5, 2026, highlighting strong performance and future growth prospects. Key points include
1. **Sarah J. Maas New Releases** Bestselling author Sarah J. Maas announced the publication dates for the next two novels in her *A Court of Thorns and Roses* (ACOTAR) series: October 27, 2026, and January 12, 2027. This unprecedented move of publishing two novels within 11 weeks is expected to drive significant excitement and sales.
2. **Financial Performance**
**FY 2025/26** Group profit is in line with market consensus expectations (£44.3m), supported by a strong Academic division and Bloomsburys diversified portfolio strategy.
**FY 2026/27** Group profit is now expected to be materially ahead of market consensus (£44.5m), largely due to the anticipated success of Maas new releases.
3. **Author and Company Highlights**
Sarah J. Maas was the highest-selling author in the U.S. in 2024 and the No.1 bestselling Fantasy author in the UK in 2025.
Bloomsbury has published all 16 of Maas previous novels, reinforcing their strong partnership.
4. **Future Updates** Further details on trading and outlook will be provided in the Companys Preliminary Results announcement on May 20, 2026.
The announcement also includes standard disclaimers regarding forward-looking statements, inside information, and the use of data by RNS.
The provided text does not contain detailed financial or debt data for a year-on-year comparison. However, it does mention market consensus expectations for profit before taxation for the years ending 28 February 2026 and 28 February 2027. Below is an HTML table summarizing the available information:
Financial YearProfit Before Taxation (£m)Notes
2025/26 (Ended 28 Feb 2026)£44.3mIn line with market consensus expectations
2026/27 (Ending 28 Feb 2027)£44.5mExpected to be materially ahead of market consensus expectations
Since there is no specific debt data provided in the text, the table focuses solely on the profit before taxation figures mentioned. If additional financial or debt data becomes available, the table can be expanded accordingly.
ENT logo
Latest RNS 06:01
ENT

Final Results

Entain PLC

**Summary of Entain PLCs Final Results for FY25:**
Entain PLC, a global sports betting and gaming group, reported strong financial results for the year ended December 31, 2025 (FY25), with key highlights as follows
1. **Financial Performance**
**Net Gaming Revenue (NGR)** Total Group NGR, including a 50% share of BetMGM, increased by 7% (8% on a constant currency basis) to £5,325.4 million. Excluding BetMGM, Group NGR grew by 3% (4% cc).
**Underlying EBITDA** Group Underlying EBITDA rose by 8% (cc) to £1,160.1 million, ahead of guidance. Including BetMGM, total Underlying EBITDA was £1,244 million, up 28% (cc).
**BetMGM** BetMGMs net revenue grew by 33% (cc) to $2,796 million, with EBITDA of $220 million, reflecting its inflection to profitability.
**Adjusted Cashflow** Adjusted cashflow was £151 million, ahead of expectations, supported by stronger-than-anticipated BetMGM cash distribution and Entain Underlying EBITDA.
**Statutory Loss** The Group reported a statutory loss after tax of £681 million, primarily due to a £488 million impairment charge related to UK gambling tax increases.
2. **Operational Highlights**
**Online Performance** Online NGR (excluding the US) grew by 5% (6% cc), driven by strong volumes and underlying momentum. Online Underlying EBITDA margin expanded to 25.7%.
**Retail Performance** Retail NGR (excluding the US) declined by 1% (cc), with a focus on market share gains and stable volumes.
**Regional Performance** Strong growth was seen in the UK & Ireland (+6% cc), International (+2% cc), and CEE (+5% cc) regions. Notable markets included Brazil, Italy, and New Zealand.
3. **Strategic Progress**
**BetMGM** BetMGMs profitability supported a $270 million cash distribution to parents and reinforced its pathway to $500 million Adjusted EBITDA by 2027.
**UK Tax Impact** The Group upgraded its expectations to offset over 50% of the incremental UK tax burden from 2027 through optimization initiatives.
**Cash Generation** Entain reaffirmed its confidence in generating at least £500 million of annual adjusted cashflow from 2028.
4. **Outlook**
**FY26 Guidance** Online NGR (excluding the US) is expected to grow by 5-7% (cc), and the Group remains comfortable with market expectations for FY26 Group Underlying EBITDA.
**Margin Expectations** Online Underlying EBITDA margin is projected to be 23-24% in FY26, with a focus on mitigating the impact of UK tax increases.
**BetMGM** BetMGM expects revenue of $3.1-3.2 billion and Adjusted EBITDA of $300-350 million in FY26, with a continued pathway to $500 million Adjusted EBITDA by 2027.
5. **Sustainability and Governance**
**ESG Initiatives** Entain made progress in sustainability, including environmental targets, player protection, and diversity initiatives, maintaining its leadership in ESG ratings.
6. **Corporate Developments**
**CFO Succession** Michael Snape was appointed as Group CFO, succeeding Rob Wood, effective March 6, 2026.
**Dividend** A final dividend of 9.8p per share was declared, representing a 5% increase year-on-year.
**CEO Commentary**
Stella David, CEO of Entain, emphasized the Groups strong underlying momentum, strategic progress, and confidence in delivering sustainable growth and cash generation, despite industry challenges such as tax increases and regulatory changes.
**Conclusion**
Entain PLC demonstrated resilient financial and operational performance in FY25, with strong growth across key segments and regions. The Group remains focused on strategic priorities, including organic growth, margin expansion, and cash generation, while navigating regulatory and tax challenges. The outlook for FY26 is positive, with continued growth expected in online NGR and Underlying EBITDA, supported by BetMGMs strong performance and the Groups optimization initiatives.
Here is the comparison of financials and debt year on year presented as an HTML table:
Metric2024 (£m)2025 (£m)Change (£m)Change (%)
Net Gaming Revenue (NGR)5,161.95,325.4163.53%
Revenue5,089.25,259.4170.23%
Gross Profit3,118.13,200.182.03%
Underlying EBITDA1,088.81,160.171.37%
Underlying Operating Profit616.6861.2244.640%
Profit/(Loss) After Tax(461.0)(680.5)(219.5)N/A
Net Debt3,042.33,118.476.13%
Adjusted Net Debt3,339.13,644.2305.19%
**Key Observations:** 1. **Revenue and Profit Growth:** - Net Gaming Revenue (NGR) and Revenue increased by 3% year on year. - Underlying EBITDA grew by 7%, and Underlying Operating Profit increased significantly by 40%. 2. **Loss After Tax:** - The loss after tax widened from £461.0 million in 2024 to £680.5 million in 2025, primarily due to non-cash impairment charges and other separately disclosed items. 3. **Debt Position:** - Net debt increased slightly by 3%, while adjusted net debt rose by 9%, reflecting changes in lease liabilities and other adjustments. This table provides a concise comparison of key financial metrics and debt levels between 2024 and 2025.
COA logo
Latest RNS 06:01
COA

2025 Full Year Results

Coats Group PLC

Coats Group plc, a leading supplier of critical components to the apparel and footwear industries, announced its full-year results for 2025, highlighting continued market outperformance, strong margin progression, and significant free cash generation.
**Financial Highlights**
* **Revenue** $1,465 million, flat on an organic basis, outperforming core thread and footwear markets which declined low to mid-single digits.
* **Adjusted EBIT** $290 million, up 7% on a reported basis and 3% organically, with a margin of 19.8%.
* **Adjusted EPS:** 9.3 centsin line with expectations.
* **Free Cash Flow** Record $160 million, demonstrating strong cash generation capabilities.
* **Net Debt** $815 million, with proforma leverage of 2.2x, expected to reduce below 2x by end of 2026.
**Strategic Highlights**
* **Market Share Gains** Continued success in gaining share, outperforming core markets.
* **Portfolio Transformation**
* Exited non-core Americas Yarns business, improving margin by 100bps.
* Completed landmark acquisition of OrthoLite, accelerating footwear components strategy.
* **Adjacency Growth** Target adjacencies contributed 1% to revenue growth, with building momentum.
* **Organizational Simplification** Streamlined into two divisions (Apparel and Footwear) for reduced complexity and better alignment.
* **Sustainability Leadership** 43% growth in 100% recycled thread revenue to $554 million.
**Divisional Performance**
* **Apparel:** 1% revenue growthoutperforming marketwith 20.2% EBIT margin.
* **Footwear** 2% organic revenue decline due to cautious customer ordering, but market share gains and 23.9% EBIT margin.
* **Performance Materials** Returned to growth in H2, with 11.8% EBIT margin in Q4.
**Outlook and Upgraded Targets**
* **2026 Outlook** Expect organic growth despite market uncertainty, driven by share gains and adjacency growth. OrthoLite expected to significantly outperform footwear market.
* **Upgraded Medium-Term Targets**
* >5% revenue growth on average through the cycle.
* Operating margin range increased to 21-23%.
* Cumulative free cash flow of $1 billion in next five years.
* EPS CAGR of >10% post M&A or share buybacks.
**Key Takeaways**
Coats Group plc demonstrated resilience in a challenging market environment, achieving strong financial performance and strategic progress. The companys focus on market share gains, portfolio optimization, and sustainability positions it well for future growth. The upgraded medium-term targets reflect confidence in the companys ability to deliver consistent performance and value creation.
Here is the HTML table code comparing the financials and debt year on year for Coats Group PLC:
Metric20252024Change
Revenue ($m)1,4651,4332%
Adjusted EBIT ($m)2902727%
EBIT Margin (%)19.819.080bps
Basic EPS (cents)9.39.7(5%)
Net Debt ($m)81544982%
Free Cash Flow ($m)16027,900%
Final Dividend per Share (cents)2.282.194%
**Key Observations:** - Revenue increased by 2% year-on-year, driven by organic growth and acquisitions. - Adjusted EBIT grew by 7%, with a significant improvement in EBIT margin. - Basic EPS declined by 5%, primarily due to higher interest charges and increased share count. - Net debt increased substantially (82%) due to the acquisition of OrthoLite, but free cash flow improved significantly. - The final dividend per share increased by 4%, reflecting the company's confidence in its financial performance.
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SRP

2025 full year results

Serco Group

**Summary of Serco Group PLCs 2025 Full Year Results:**
Serco Group PLC reported strong financial performance for 2025, with revenue of £4.9 billion, up 3% at constant currency, and underlying operating profit of £272 million, up 1% at constant currency. The company achieved organic growth of 1%, with significant contract wins and growth offsetting immigration reductions in the UK and Australia. Key highlights include
**Revenue and Profit Growth** Revenue increased to £4.9 billion, with underlying operating profit at £272 million. Reported operating profit rose 89% to £246 million.
**Cash Flow** Strong free cash flow of £219 million, ahead of guidance, with a trading cash conversion of 112%.
**Order Intake and Book** Order intake was £5.5 billion, with a book-to-bill ratio of 114%. The order book increased to £14.5 billion, 9% higher than 2024.
**Financial Position** Adjusted net debt was £206 million, with leverage at 0.7x net debt to EBITDA, significantly <mark style="background-color:yellow">below</mark> the target range of 1-2x.
**Shareholder Returns** Completed a £50 million share buyback in 2025 and announced a new £75 million buyback for 2026. Recommended a final dividend of 3.05 pence per share, an 8% increase.
**Strategic Progress** Strengthened position in key markets, particularly defence, with a pipeline of £12.1 billion, up 8% and the highest in over a decade. North American pipeline more than doubled.
**Operational Excellence** Contract retention rates over 90%, improved safety performance, and strong colleague engagement. Successful integration of the MT&S acquisition.
**Guidance for 2026** Reiterated guidance with revenue of around £5 billion, organic growth of 3%, and underlying operating profit of £300 million, driven by contract ramp-ups and productivity improvements.
Sercos CEO, Anthony Kirby, emphasized the companys strategic and operational progress, highlighting its role as a trusted partner to governments globally. The company is well-positioned for growth in 2026, with a robust financial position and a focus on sustainable growth, competitiveness, and operational excellence.
Here is the HTML table code comparing Serco Group PLC's financials and debt year on year:
Metric20252024Change at Reported CurrencyChange at Constant Currency
Revenue£4,877m£4,787m2%3%
Underlying Operating Profit£272m£274m-1%1%
Reported Operating Profit£246m£130m89%-
Underlying Earnings Per Share (diluted)16.93p16.67p2%-
Reported Earnings Per Share (diluted)14.07p4.10p243%-
Dividend Per Share (recommended)4.50p4.16p8%-
Free Cash Flow£219m£228m-4%-
Adjusted Net Debt£206m£100m106%-
Reported Net Debt£710m£630m13%-

Debt Comparison

Metric20252024Change
Adjusted Net Debt£206m£100m106%
Reported Net Debt£710m£630m13%
Leverage (Net Debt to EBITDA)0.7x0.3xSignificantly below target range (1-2x)
**Notes:** * The tables compare key financials and debt metrics for Serco Group PLC between 2025 and 2024. * The first table shows revenue, profits, earnings per share, dividends, and free cash flow. * The second table focuses on debt metrics, including adjusted net debt, reported net debt, and leverage. * The changes are presented as percentages, with constant currency changes provided where applicable. * The leverage ratio is significantly below the target range, indicating a strong financial position.
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RBN

Final Results

Robinson plc

**Summary of Robinson PLCs Final Results for the Year Ended 31 December 2025**
Robinson PLC, a custom manufacturer of plastic and paperboard packaging, reported its audited results for 2025, highlighting both financial and operational achievements.
**Financial Highlights**
**Underlying operating profit** increased to £3.6 million (2024: £3.2 million).
**Revenue** slightly declined by 0.4% to £56.2 million (2024: £56.4 million).
**Gross margin** improved to 22% (202420%).
**Profit before tax** turned positive at £3.0 million (2024: loss of £3.8 million).
**Net debt** reduced to £5.4 million (2024: £5.9 million).
**Final dividend** maintained at 3.5p per share, with a total dividend of 6.0p (2024: 6.0p).
**Operational Highlights**
**Surplus property disposals** generated £1.0 million, with significant progress on further disposals.
**Strategic refresh** focused on customer centricity, operational excellence, and sustainability.
**Sustainability goals** updated and strengthened, including progress in recycled material usage.
**Regional Performance**
**UK**Strong volume growth in Plastics and Paperbox businesses, with a 10% and 11% increase in sales volumes, respectively.
**Poland**Sales volumes decreased by 6% due to lower demand from major customers, but the business remains profitable.
**Denmark**Sales volumes declined by 14%, leading to an operating loss, with efforts underway to rebuild the sales pipeline.
**Strategic Initiatives**
**Organizational restructuring**Transitioning from a regionally based model to a functionally aligned structure to enhance customer focus and operational efficiency.
**Sustainability**Achieved 31% post-consumer recycled material content in plastic packaging, exceeding the 30% target.
**Technology investment**Plans to replace aging ERP systems with a unified platform for better data-driven decision-making.
**Outlook**
**2026 Expectations**Underlying operating profit in line with market expectations, with reported profit before tax expected to benefit materially from property disposals.
**Challenges**Higher operating costs due to strategic investments and lower rental income from property disposals.
**Commitment**Continued focus on sustainable growth, customer partnerships, and operational excellence.
Robinson PLC remains committed to its long-term strategy, focusing on sustainable practices, customer-centric operations, and financial resilience, despite mixed market conditions.
Here is the HTML table code comparing the financials and debt year on-year-year for25 for 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GFTU

Final Results

Grafton Group plc

**Summary of Grafton Group PLC Final Results for the Year Ended 31 December 2025**
Grafton Group PLC, a European multinational distributor of construction-related products and solutions, reported its final results for the year ended 31 December 2025, highlighting a year of progress despite challenging market conditions.
**Financial Highlights**
**Adjusted Operating Profit** Increased by 7.1% to £190.2 million, driven by the first full year contribution of Salvador Escoda in Spain.
**Gross Margin Improvement** 50bps improvement in gross margin, maintaining a resilient Group operating margin of 7.3%.
**Return on Capital Employed (ROCE)** Up 60bps to 10.9%.
**Adjusted Earnings Per Share (EPS)** Grew by 5.1% to 75.4p.
**Net Cash Position** Strengthened to £274.0 million, providing significant firepower for organic and inorganic growth opportunities.
**Free Cash Flow** Strong generation, contributing to over £700 million in the last four years.
**Shareholder Returns** A new £25.0 million share buyback program announced, following £129.2 million returned to shareholders in 2025 through buybacks and dividends.
**Dividend** Full-year dividend increased by 2.0% to 37.75p per share.
**Operational Highlights**
**Leadership** Experienced senior leadership team in place, with Mario Ballarín appointed as CEO of Grafton Iberia.
**Market Position** Continued investment to strengthen and consolidate market positions, despite market weakness in some regions.
**Performance by Region**
**Island of Ireland** Strong performance, with profit growth driven by Woodies and Chadwicks.
**Great Britain** Profit growth despite a weakening RMI market and slow housebuilding recovery.
**Iberia** Salvador Escoda successfully integrated, performing in line with pre-acquisition expectations.
**Northern Europe** Remains challenging, but macro indicators are improving.
**Outlook**
**Positive Markets** Expected in the Republic of Ireland and Spain.
**Challenging Markets** Anticipated in Great Britain and Northern Europe, with gradual improvement expected.
**Focus** Continued emphasis on efficiency, cost control, and delivering value to customers.
**Growth Drivers** Supported by structural growth drivers, strong market positions, recovery potential in weaker markets, a robust balance sheet, and a healthy acquisitions pipeline.
**Sustainability Progress**
**Health and Safety** 16.3% reduction in lost time injury frequency rate since 2021.
**Climate Change** 40.3% reduction in absolute market-based Greenhouse Gas emissions in 2025 vs. 2021.
**Community Investment** Over £1.7 million donated to charities and good causes, exceeding the target of 0.8% of adjusted operating profit.
**Strategic Focus**
**Long-Term Growth Ambition** To be the leading European multinational distributor of construction-related products and solutions.
**Capital Allocation** Prioritized strengthening current business, core dividend, funding inorganic growth, and returning surplus capital to shareholders.
**Acquisitions and Share Buybacks** Balanced approach, with a strong acquisition pipeline and continued share buyback programs.
**Conclusion**
Grafton Group PLC demonstrated resilience and strategic focus in 2025, achieving profitability ahead of analysts consensus despite challenging market conditions. The companys strong financial position, combined with its strategic initiatives and focus on sustainability, positions it well for future growth and value creation for shareholders.
Here is the comparison of financials and debt year on year presented as an HTML table:
Metric20252024Change
Revenue£2,520m£2,282m10.4%
Adjusted Operating Profit£190.2m£177.5m7.1%
Adjusted Operating Profit Margin7.3%7.6%(30bps)
Adjusted Earnings Per Share75.4p71.8p5.1%
Net Cash (before IFRS 16 lease liabilities)£274.0m£272.1m£1.9m
Net (Debt) (including IFRS 16 lease liabilities)(£123.4m)(£131.7m)£8.3m
Free Cash Flow£168.3m£178.2m(5.6%)
Dividend Per Share37.75p37.00p2.0%
Adjusted Return on Capital Employed (ROCE)10.9%10.3%60bps
**Key Observations:** * **Revenue Growth:** Grafton Group experienced a significant 10.4% increase in revenue, primarily driven by the first full year contribution of Salvador Escoda in Spain. * **Profitability:** Adjusted operating profit grew by 7.1%, but the margin slightly decreased due to ongoing operating cost pressures. * **Debt Reduction:** Net debt decreased by £8.3 million, reflecting strong cash flow generation and disciplined capital allocation. * **Cash Position:** Net cash position remained strong at £274.0 million, providing flexibility for organic and inorganic growth opportunities. * **Dividend Increase:** The dividend per share increased by 2.0%, demonstrating the company's commitment to returning value to shareholders. * **Return on Capital Employed:** ROCE improved by 60 basis points, indicating efficient utilization of capital.
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HTG

Results for the year ended 31 December 2025

Hunting PLC

**Summary of Hunting PLC’s 2025 Financial Results and Strategic Highlights**
Hunting PLC, a global precision engineering group, reported its financial results for the year ended 31 December 2025, highlighting continued growth in operational performance and shareholder returns despite a 3% decline in revenue to $1,018.8 million. Key financial highlights include
**EBITDA** increased by 7% to $135.7 million, with an improved margin of 13%.
**Gross margin** rose to 27%, and **non-oil and gas revenue** grew by 10% to $82.9 million.
**Adjusted diluted earnings per share** increased by 9% to 34.1 cents.
**Free cash flow** stood at $96.6 million, representing a 71% EBITDA conversion.
**Total dividends** declared rose by 13% to 13.0 cents per share, with a final dividend of 6.8 cents announced.
Strategically, Hunting made significant progress in 2025
**Acquisitions**Acquired Flexible Engineering Solutions ($64.8m) to expand subsea offerings and Organic Oil Recovery technology ($18.2m) to accelerate commercialization.
**Portfolio Optimization**Disposed of Rival Downhole Tools for $13.0 million to focus on higher-return product lines.
**Operational Expansion**Opened a new facility in Dubai to service the Middle East market.
**Cost Efficiencies**Achieved annualized savings of $11 million in the EMEA segment and $6 million from Hunting Titan restructuring.
**Capital Allocation**Committed to a 13% annual dividend increase, executed a $60 million share buyback, and proposed a second $40 million buyback program.
Looking ahead, Hunting reaffirmed its 2026 EBITDA guidance of $145-$155 million, with a focus on scaling its order book, particularly in OCTG, subsea, and perforating systems. The company remains confident in its ability to deliver on its **Hunting 2030 Strategy**, diversifying into higher-growth markets and enhancing shareholder returns, despite monitoring geopolitical risks in the Middle East.
Overall, Hunting demonstrated resilience and strategic execution in 2025, positioning itself for sustained growth and value creation.
Below is the HTML table code comparing the financials and debt year on year for Hunting PLC based on the provided text:
Metric20252024Variance
Revenue$1,018.8m$1,048.9m-$30.1m
Non-oil and gas revenue$82.9m$75.1m+$7.8m
EBITDA$135.7m$126.3m+$9.4m
EBITDA margin13%12%+1pp
Adjusted profit before tax$79.7m$75.6m+$4.1m
Adjusted diluted earnings per share34.1 cents31.4 cents+2.7 cents
Free cash flow$96.6m$139.7m-$43.1m
Total cash and bank / (borrowings)$62.9m$104.7m-$41.8m
Net assets$855.3m$902.3m-$47.0m
ROCE10%9%+1pp
Final dividend proposed6.8 cents6.0 cents+0.8 cents
Non-cash goodwill impairment-$109.1m-$109.1m
Operating profit / (loss)$76.3m$(21.1)m+$97.4m
Profit / (loss) before tax$65.5m$(33.5)m+$99.0m
Diluted earnings / (loss) per share24.6 cents(17.6) cents+42.2 cents
Net cash inflow from operating activities$138.9m$188.5m-$49.6m
### Key Notes: 1. **Debt Comparison**: The table includes "Total cash and bank / (borrowings)" as a proxy for debt, showing a decrease from $104.7m in 2024 to $62.9m in 2025. 2. **Financial Metrics**: Revenue decreased slightly, but EBITDA, margins, and adjusted profits improved year-on-year. 3. **Dividends**: Final dividend increased from 6.0 cents to 6.8 cents per share. 4. **Cash Flow**: Free cash flow decreased, but net cash inflow from operating activities remained positive. This table provides a clear year-on-year comparison of key financial metrics and debt for Hunting PLC.
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FOXT

Full Year Results For Year Ended 31 December 2025

Foxtons Group Plc

**Summary**
Foxtons Group PLC reported resilient full-year results for 2025, with revenue growth of 5% to £172.5 million, driven by a strong performance in lettings, which mitigated challenges in the broader market. Adjusted EBITDA and operating profit also grew by 5%, while profit before tax slightly declined by 3% due to increased costs. The companys lettings-focused strategy proved effective, with lettings revenue up 5%, supported by acquisitions and growth in property management services. Sales revenue increased by 6%, and financial services revenue grew by 10%. Non-cyclical and recurring revenues accounted for 67% of total revenue, highlighting the companys strategic shift towards more stable income streams.
Operationally, Foxtons expanded its lettings portfolio to over 32,000 tenancies, a 50% increase since 2021, and achieved 8% organic market share growth in 2025. The company also progressed its acquisition strategy, integrating the Imagine acquisition and making bolt-on acquisitions to strengthen its position in key markets like Watford, Milton Keynes, and Birmingham. These acquisitions are expected to drive further growth and synergies.
Looking ahead, Foxtons anticipates continued resilience in lettings, supported by the Renters Rights Act, which is expected to drive growth by encouraging the use of professional agents and increasing demand for high-margin services. The company aims to capitalize on this legislation to enhance its market position and drive consolidation in the sector. In sales, Foxtons is repositioning its business to adapt to lower market volumes and accelerate profitability. Management remains focused on organic growth, acquisitions, and cost efficiency to drive revenue and profit growth in 2026 and beyond.
**Key Financial Highlights**
Revenue£172.5 million (+5%)
Adjusted EBITDA£25.3 million (+5%)
Adjusted Operating Profit£22.2 million (flat)
Profit Before Tax£16.9 million (-3%)
Net Free Cash Flow£11.2 million (+14%)
Total Dividend per Share1.17p (maintained)
**Strategic Focus**
Lettings organic growth and acquisitions
Sales market share and profitability improvement
Financial services scale and cross-sell growth
Operational efficiency and cost control
Technology and data-driven enhancements
Brand strengthening and customer experience improvement
**Outlook**
Lettings expected to remain resilient with growth opportunities from the Renters Rights Act.
Sales market remains challenging, with a focus on repositioning for lower volumes and profitability.
Continued emphasis on organic growth, acquisitions, and cost efficiency to drive long-term growth.
Here is the comparison of financials and debt year on year presented as an HTML table:
Metric20252024Change
Revenue£172.5m£163.9m+5%
Adjusted EBITDA£25.3m£24.1m+5%
Adjusted Operating Profit£22.2m£22.1m-
Profit Before Tax£16.9m£17.5m(3%)
Adjusted Earnings Per Share (basic)5.0p5.2p(4%)
Earnings Per Share (basic)4.3p4.6p(7%)
Net Free Cash Flow£11.2m£9.8m+14%
Net Debt£16.9m£12.7m+33%
**Key Observations:** 1. **Revenue Growth:** Revenue increased by 5% from £163.9m in 2024 to £172.5m in 2025, driven by growth in lettings, sales, and financial services. 2. **Adjusted EBITDA:** Adjusted EBITDA also grew by 5% from £24.1m to £25.3m, indicating improved operational efficiency. 3. **Profit Before Tax:** Profit before tax decreased by 3% from £17.5m to £16.9m, possibly due to increased costs or one-time expenses. 4. **Earnings Per Share:** Both adjusted and basic earnings per share decreased, reflecting the impact of increased costs and potentially higher shares outstanding. 5. **Net Free Cash Flow:** Net free cash flow increased by 14% from £9.8m to £11.2m, indicating better cash generation. 6. **Net Debt:** Net debt increased significantly by 33% from £12.7m to £16.9m, likely due to acquisition activities and shareholder returns. This table provides a clear comparison of key financial metrics and debt levels between 2024 and 2025, highlighting areas of growth and potential concerns.
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SSIT

Interim Results

Seraphim Space Investment Trust PLC

**SummarySeraphim Space Investment Trust PLC Interim Results (H1 2025/26)**
Seraphim Space Investment Trust PLC (LSESSIT), the world’s first listed SpaceTech investment company, reported strong interim results for the six months ended 31 December 2025. Key highlights include
1. **Financial Performance**
**Net Asset Value (NAV)** increased by 20.1% to £337.5 million, driven by private portfolio fair value gains.
**Portfolio valuation** rose by 27.6% to £331.6 million, fueled by unrealised fair value gains, particularly in top holdings like ICEYE, ALL.SPACE, and HawkEye 360.
**NAV per share** grew by 20.1% to 142.30p, while the **share price** increased by 40.2% to 120.0p.
**Cash reserves** stood at £22.1 million, with potential additional liquidity of £3.9 million from listed holdings.
2. **Portfolio Highlights**
**Top five holdings** achieved significant growth, supported by defence contracts and equity rounds at higher valuations.
**ICEYE** (39% of NAV) secured major contracts, including a €1.7 billion deal with the German Armed Forces and a $168 million contract with the Finnish Defence Forces.
**ALL.SPACE** (15.9% of NAV) partnered with Aalyria and secured ESA funding for navigation technology.
**HawkEye 360** (10.1% of NAV) acquired Innovative Signal Analysis, completed a $150 million Series E round, and launched new satellite clusters.
3. **Post-Period Developments**
**ICEYE** won additional contracts with Sweden and expanded its partnership with Ukraine.
**ALL.SPACE** and **HawkEye 360** saw valuation uplifts and continued satellite launches.
**Tomorrow.io** secured $175 million in new equity financing to accelerate its weather satellite constellation.
4. **Strategic Outlook**
**77% of the portfolio** has a robust cash runway, with 70% fully funded.
**85% of portfolio value**, including seven of the top 10 holdings, is projected to be EBITDA profitable in 2026.
Management highlighted a strong pipeline of investment opportunities and confidence in delivering long-term returns.
**Management Commentary**
Chair Will Whitehorn and CEO Mark Boggett emphasized the portfolio’s broad-based performance, with top holdings driving outperformance and validating the investment strategy. The fair value of the private portfolio exceeded 200% of cost for the first time, positioning SSIT as a top-performing UK investment trust.
**Conclusion**
Seraphim Space Investment Trust demonstrated robust financial and operational progress, underpinned by strategic investments in high-growth SpaceTech companies. The company remains well-positioned to capitalize on the expanding SpaceTech sector, with a focus on delivering attractive returns for shareholders.
Below is the HTML table code comparing the financials and debt year on year based on the provided text: < lang="en">Seraphim Space Investment Trust PLC Financials Comparison

Seraphim Space Investment Trust PLC Financials Comparison

Metric31 December 202530 June 2025Change
NAV (£m)337.5281.120.1%
NAV per share (p)142.30118.5220.1%
Portfolio valuation (£m)331.6259.827.6%
Fair value vs. cost (%)198.1131.96620bp
Liquid resources (£m)22.121.52.5%
Market capitalisation (£m)284.6203.040.2%
Share price (p)120.085.640.2%
-Discount/+premium (%)-15.7-27.81210bp
Ongoing charges (%)1.791.771bp
Number of shares in issue (m)237.2237.20.0%

Fair Value Change (£m)

Company30 June 2025 fair value (£m)31 December 2025 additions/(disposals) (£m)31 December 2025 fair value movement (£m)31 December 2025 fair value (£m)31 December 2025 % of NAV31 December 2025 cost (£m)
ICEYE105.1-26.4131.639.0%39.6
ALL.SPACE28.12.623.153.815.9%30.6
D-Orbit33.5-8.441.912.4%11.6
HawkEye 36020.6-13.534.110.1%18.6
Total investments259.8(29.6)101.4331.698.2%167.4
This HTML code creates two tables: 1. The first table compares key financial metrics between 31 December 2025 and 30 June 2025. 2. The second table details the fair value changes for specific companies in the portfolio. The tables are styled with basic CSS for readability. You can further customize the styles as needed.
TFW logo
Latest RNS 06:01
TFW

Interim Results

FW Thorpe PLC

**Summary of FW Thorpe Plc Interim Results for the Six Months to 31 December 2025**
FW Thorpe Plc, a leading designer, manufacturer, and supplier of professional lighting systems, announced its interim results for the six months ended 31 December 2025. The company reported a stable performance, with financial highlights as follows
**Revenue**£81.7 million, a slight decrease of 2.4% compared to £83.8 million in the same period last year.
**Operating Profit (before acquisition adjustments)**: £12.5 million, down 0.8% from £12.6 million in 2024.
**Operating Profit**£11.6 million, a marginal increase of 0.3% from £11.5 million.
**Profit Before Tax**: £11.6 millionup 3.1% from £11.2 million.
**Basic Earnings Per Share**: 7.86pa 2.7% increase from 7.65p.
**Key Points**
1. **Dividends**The company declared an interim dividend of 1.81p per share (up 2.8% from 1.76p) and a special dividend of 2.60p per share (compared to nil in 2024).
2. **Segment Performance**
**Thorlux**Results were dampened by lower performance in Germany.
**Dutch Segment**Remained stable, supported by strong performance from Famostar.
**Zemper**Showed further growth, with profitable performance from TRT.
3. **Cash Flow**Strong cash flow generation with net cash from operating activities of £14.3 million (compared to £15.0 million in 2024).
4. **Investments**The company continues to invest in sales resources, plant, and machinery to enhance efficiency and support local manufacturing. This includes a factory extension at Solite in Manchester and new machinery at Thorlux and Zemper.
5. **Sustainability**FW Thorpe remains committed to sustainability, which appeals to customers and reduces operating costs.
6. **Acquisitions**The Board has explored acquisition opportunities but has not found any that meet its requirements, leading to a build-up in cash reserves.
7. **Outlook**The second half of the year is expected to remain challenging due to market conditions, but the company is focused on growth across all segments.
**Chairmans Statement**
Mike Allcock, Chairman, highlighted the stable performance and the Boards commitment to investing in the business for long-term growth. He noted the strong performance of Famostar and Zemper, while acknowledging challenges in Germany. The Board remains focused on improving margins and winning more orders despite ongoing market conditions.
**Conclusion**
FW Thorpe Plc delivered a resilient performance in the first half of 2025, with steady profits and increased dividends. The company continues to invest in its operations and remains optimistic about its long-term prospects, despite near-term market challenges.
Here’s an HTML table comparing the year-on-year financials and debt for FW Thorpe Plc based on the provided text:
MetricInterim 2026 (unaudited)Interim 2025 (unaudited)Change
Amount (£'000)%Amount (£'000)%%
Revenue81,741100.0%83,761100.0%-2.4%
Operating Profit (before acquisition adjustments)12,50115.3%12,59915.0%-0.8%
Operating Profit11,57514.2%11,53713.8%+0.3%
Profit Before Tax11,56514.1%11,21713.4%+3.1%
Basic Earnings per Share (pence)7.867.65+2.7%
Interim Dividend per Share (pence)1.811.76+2.8%
Special Dividend per Share (pence)2.600.00N/A
Net Cash from Operating Activities (£'000)14,31215,006-4.6%
Total Debt (£'000)52,48756,621-7.3%
### Key Notes: 1. **Revenue and Profit Metrics**: Revenue decreased by 2.4%, while operating profit and profit before tax showed marginal changes. 2. **Dividends**: Interim dividend increased by 2.8%, and a special dividend of 2.60p was introduced in 2026. 3. **Cash Flow**: Net cash from operating activities decreased by 4.6%. 4. **Debt**: Total debt decreased by 7.3% year-on-year. This table provides a clear comparison of key financial metrics and debt levels between the two interim periods.
HSP logo
Latest RNS 06:01
HSP

Positive Contract Awards in Services

Hargreaves Services Plc

**Summary**
Hargreaves Services PLC announced two significant contract awards in its Services Division, leading to an upgrade in revenue and profit before tax (PBT) expectations for the year ending 31 May 2027. The company secured a £10 million enabling earthworks subcontract at the Lower Thames Crossing project with Balfour Beatty, marking a strategic advancement in its involvement in this major infrastructure initiative. This contract includes the first UK deployment of battery-electric heavy earthmoving equipment, aligning with Hargreaves commitment to carbon-free earthworks by 2040. Additionally, Hargreaves was awarded a contract to build a beneficiation plant at Drax Power Station, processing legacy ash into low-carbon cement materials. These wins prompted a 4% increase in market expectations for both revenue and underlying PBT for FY2027. The company also confirmed the interim dividend payment for FY2026, scheduled for 31 March 2026. Hargreaves Services operates across environmental, infrastructure, and property sectors, with segments including Services, Hargreaves Land, and a joint venture in Germany (HRMS). The announcement underscores the companys growth in critical industries and its focus on sustainable practices.
NewContract
IHC logo
Latest RNS 06:01
IHC

UK neonatal division wins NHS framework agreement

Inspiration Healthcare Group PLC

Inspiration Healthcare Group PLC, a global medical technology company specializing in neonatal intensive care devices, has secured a renewed four-year NHS framework agreement as an approved supplier of respiratory care units for newborns in England and Wales. The company has also been ranked as the **number one neonatal ventilator supplier** for the 2025/26 period within the NHS framework. This agreement
* **Strengthens market position** Reinforces Inspiration Healthcares leadership in neonatal ventilation across England and Wales.
* **Enhances revenue visibility** Provides medium-term revenue stability within the UK market.
* **Supports ongoing sales** Boosts sales of capital equipment, consumables, and service revenue streams.
* **Improves competitive advantage** Strengthens the companys position in future NHS procurement cycles.
The agreement ensures NHS Trusts have streamlined access to Inspiration Healthcares neonatal respiratory and critical care solutions, promoting procurement efficiency and regulatory compliance. CEO Raffi Stepanian highlighted the companys commitment to innovation and improving clinical outcomes in neonatal intensive care. This strategic win is expected to drive market share growth and long-term shareholder value.
Wins
FSFL logo
Latest RNS 06:01
FSFL

Q4 2025 Trading Update and Net Asset Value

Foresight Solar Fund Ltd

**SummaryForesight Solar Fund Limited Q4 2025 Trading Update and Net Asset Value**
Foresight Solar Fund Limited (FSFL) released its Q4 2025 trading update and net asset value (NAV) report on March 5, 2026, highlighting key developments and financial performance. The unaudited NAV as of December 31, 2025, stood at £545.9 million, down from £564.5 million in September 2025, resulting in a NAV per share of 99.2 pence (previously 102.1 pence).
**Key Highlights**
1. **Operational Performance** Strong UK irradiation in 2025 boosted electricity production by 3.4% <mark style="background-color:yellow">above</mark> budget. An independent review of the UK portfolio revised the energy yield forecast upward by 2.8%, affirming the portfolios high operational standards.
2. **Battery Storage** The commissioning commissioningcommissioncommissioncommissioncommissioncommission commissioning commissioning commissioning commissioning **.0.T.
Below is the HTML table code comparing the financials and debt year on year based on the provided text:
Metric31 December 202530 September 2025Change
Net Asset Value (NAV)£545.9 million£564.5 million-£18.6 million
NAV per Ordinary Share99.2 pence102.1 pence-2.9 pence
Gross Asset Value (GAV)£928.2 million£969.4 million-£41.2 million
Total Outstanding Debt£382.3 million£404.9 million-£22.6 million
Debt as % of GAV41.2%41.8%-0.6%
RCF Balance Drawn£72.7 million£91.7 million-£19.0 million
UK Portfolio Valuation (£m/MWp)0.971.09-0.12
### Key Notes: 1. **NAV and NAV per Share**: Both decreased from September to December 2025, primarily due to factors like tax review adjustments, Australian curtailment, and ROC/FiT inflation indexation. 2. **GAV and Debt**: GAV decreased, while total debt also reduced, keeping the debt-to-GAV ratio relatively stable. 3. **RCF Balance**: The Revolving Credit Facility (RCF) balance drawn decreased by £19.0 million. 4. **UK Portfolio Valuation**: The valuation per MWp decreased from 1.09 to 0.97. This table provides a clear comparison of key financial and debt metrics between the two periods.
XSG logo
Latest RNS 06:01
XSG

Purchase Order ahead of European Launch of XF3

Xeros Technology Group Plc

**Summary**
Xeros Technology Group plc announced a significant milestone ahead of the European launch of its XF3 Microfibre Filtration unit. MediaMarkt, Europes largest consumer electronics retailer, has placed a purchase order for an initial production run of XF3 units, which will be sold under MediaMarkts Koenic brand. The launch is scheduled for late Q2 2026 in major European cities. Additionally, Product Care Group is on track to launch the XF3 in the UK during the same timeframe, and a third partnership with a major global appliance manufacturer is nearing completion. The XF3 unit has received independent verification from the Hohenstein Institute, achieving a market-leading 98% microfibre capture rate. Xeros CEO Neil Austin highlighted the partnership with MediaMarkt as a significant endorsement of the companys technology, emphasizing its potential to address microfibre pollution. Xeros continues to attract interest from global washing machine brands and retailers, with a strong pipeline for future partnerships. The companys technologies aim to reduce the environmental impact of clothing care, targeting addressable markets valued at £350m p.a. for Microfibre Filter, £3bn p.a. for Laundry Care, and £132m p.a. for Garment Finishing.
Launch
CRDL logo
Latest RNS 06:01
CRDL

USA Contract Upgrade

Cordel Group PLC

**Summary**
Cordel Group PLC (AIMCRDL), an AI platform specializing in transport corridor analytics, has announced the upgrade and extension of its contract with Genesee & Wyoming Inc. (G&W), a major North American railroad operator. The contract, previously extended in February 2025, now transitions to a **Strategic LiDAR Program** under a **Software as a Service (SaaS)** model, replacing the previous per-order approach. This new agreement grants G&W full enterprise access to Cordels platforms (Cordel Connect and D/Gauge RIFT) for up to 200 users, covering 3,000 processed miles for Clearance and 7,000 miles for RIFT annually. The deal is expected to generate over **US$600,000** for Cordel in 2026.
Cordels Chairman, Ian Buddery, highlighted the significance of this upgrade in aligning major clients with the SaaS model, ensuring predictable revenue growth. This announcement, coupled with a recent Class 1 contract disclosed on February 16, positions Cordel to meet its full-year targets. The company specializes in AI-driven hardware and software solutions for transport sector data analysis, with further details available at **www.cordel.ai**.
**Key Points**
Contract upgrade with G&W to a SaaS model.
Annual revenue of over US$600k in 2026.
Full enterprise access to Cordels platforms for G&W.
Strategic shift to predictable revenue growth.
Supports Cordels full-year financial targets.
NewContract
SMWH logo
Latest RNS 06:01
SMWH

Trading update

WH Smith PLC

**Summary**
WH Smith PLC released a trading update for the 26-week period ending February 28, 2026, reporting a solid first-half performance with total revenue up 5% on a constant currency basis compared to the previous year. Key highlights include
1. **UK Performance**Total revenue increased by 2%, with like-for-like (LFL) revenue also up 2%. The Air segment saw a 1% total revenue increase and a 2% LFL rise, despite temporary store closures at Heathrow Airport due to ongoing investments. The Hospital channel performed well with a 7% total revenue increase and 4% LFL growth, while Rail revenue was flat with a 2% LFL decline.
2. **North America Performance**Total revenue grew by 10% (constant currency), with LFL revenue up 1%. The Air segment, particularly Travel Essentials, saw strong growth (22% total revenue, 6% LFL), driven by new store openings and higher passenger spend. However, the InMotion business continued to struggle, with a 1% total revenue decline and a 4% LFL drop, prompting an ongoing portfolio review. The Resorts business declined by 6% in both total and LFL revenue due to reduced Las Vegas visitor numbers, leading to the closure of 3 fashion stores.
3. **Rest of the World and Other**Revenue increased by 8% (constant currency) and 6% LFL, supported by new store openings in the prior year. The company closed 4 uneconomic stores at Düsseldorf Airport and plans to exit sub-scale markets as contracts expire.
4. **Outlook**WH Smith is on track to meet its full-year guidance despite geopolitical uncertainties in the Middle East affecting passenger numbers. The company remains focused on strategic priorities, cost control, and cash discipline. Interim results will be announced on April 23, 2026.
**Contact Details**Investor and media relations contacts are provided for further inquiries.
Below is the HTML table code comparing the financials and debt year-on-year based on the provided text. Since the text does not explicitly mention debt figures, the table focuses on revenue comparisons across regions and channels. < lang="en">WH Smith PLC Financials Comparison

WH Smith PLC Financials Comparison (26 Weeks to 28 February 2026 vs 2025)

Region/ChannelTotal Revenue vs 2025Constant Currency vs 2025LFL Revenue vs 2025
Group5%5%2%
UK2%2%2%
- Air1%1%2%
- Hospital7%7%4%
- Rail1%1%-2%
North America5%10%1%
- Air15%15%N/A
- Travel Essentials22%22%6%
- InMotion-1%-1%-4%
- Resorts-6%-6%-6%
Rest of the World and Other11%8%6%

Note: Debt figures are not provided in the text, so they are not included in the comparison.

### Key Points: 1. **Structure**: The table is structured to compare total revenue, constant currency revenue, and like-for-like (LFL) revenue across regions and channels. 2. **Styling**: Basic CSS is included for table formatting. 3. **Debt**: Since debt figures are not mentioned in the text, a note is added to clarify their exclusion. This HTML code can be directly used to display the financial comparison on a webpage.
HSD logo
Latest RNS 06:01
HSD

Interim Results

Hansard Global Plc

**Summary of Hansard Global plc Interim Results for H1 2026**
**Financial Performance**
**Profit Before Tax** Increased significantly to £2.6 million in H1 2026, up from £0.5 million in H1 2025, driven by strong global equity markets, disciplined cost management, reduced litigation expenses, and one-off income items.
**New Business Sales (PVNBP)** Remained stable at £49.2 million, compared to £49.1 million in H1 2025, with a shift in momentum from Q1 to Q2 due to product enhancements and improved distributor engagement.
**Assets Under Administration (AUA)** Grew by 8% to £1.2 billion since June 2025, reflecting positive market movements and inflows into the single premium proposition.
**Interim Dividend** Maintained at 1.8p per share, consistent with previous years.
**Strategic and Operational Highlights**
**Product Enhancements** Expanded ETF range, improved segmentation features, and introduced multi-beneficiary capabilities and alternative charging structures, leading to a sales rebound in Q2.
**Japan Market Entry** Successfully launched the Japan proposition shortly after the period end, marking a significant strategic milestone. Initial volumes are modest but expected to grow.
**Cost Management** Expenses decreased by 4% to £17.7 million, primarily due to lower litigation costs and continued cost discipline.
**Capital Position** The Group remains strongly capitalized, operating well <mark style="background-color:yellow">above</mark> regulatory solvency requirements.
**New Business Breakdown**
**Single Premium Sales** Increased by 9% to £34.6 million, offsetting a 15% decline in regular premium sales to £14.6 million.
**Geographical Performance** Growth was notable in the Far East, particularly in the Philippines, Malaysia, and Thailand, supported by improved distributor engagement and product enhancements.
**Outlook**
**Positive Trajectory** The Group expects an uplift in full-year profitability, supported by improving sales momentum, strengthening distributor relationships, and the successful launch in Japan.
**Strategic Focus** Continued emphasis on evolving the proposition, expanding international reach, and leveraging the operating platform to drive sustainable growth.
**Chairmans Statement**
**Momentum** The Group enters H2 with growing momentum, supported by product enhancements, international expansion, and improved profitability.
**Dividend** The Board declared an interim dividend of 1.8p per share, reflecting confidence in the Groups financial position and future prospects.
**Risk Management and Internal Control**
**Enterprise Risk Management (ERM)** The Group maintains a comprehensive ERM framework to identify, assess, and manage risks, ensuring robust governance and strategic decision-making.
**Principal Risks** Key risks include distribution, market, credit, liquidity, insurance, legal/regulatory, operational resilience, employee engagement, corporate sustainability, and cyber/information security risks.
**Conclusion**
Hansard Global plc demonstrated resilience and strategic progress in H1 2026, with improved financial performance, successful product and market initiatives, and a strong capital position. The Group is well-positioned for continued growth and value creation in the second half of the year and beyond.
Here is a comparison of the financials and debt year on year for Hansard Global PLC, presented as an HTML table: td>-6.8%
MetricH1 2026H1 2025Change
New Business Sales (PVNBP)£49.2m£49.1m0.2%
New Business Sales (APE)£6.8m£7.3m
IFRS Profit Before Tax£2.6m£0.5m420%
IFRS Fees and Commissions£22.2m£21.3m4%
IFRS Administrative and Other Expenses£17.7m£18.4m-4%
IFRS Basic Earnings Per Share1.9p0.3p533%
Interim Dividend1.8p1.8p0%
Assets under Administration£1.2b£1.1b8%
Value of In-Force£107.0m£103.1m4%
Debt (not explicitly mentioned, but can be inferred from cash flow)No significant debt mentionedNo significant debt mentionedN/A
**Notes:** * The debt column is not explicitly mentioned in the provided text, but it can be inferred from the cash flow statement that there is no significant debt. The company has a strong capital position with significant levels of liquidity and cash, and no borrowings are mentioned. * The change in IFRS Profit Before Tax is calculated as ((£2.6m - £0.5m) / £0.5m) x 100%. * The change in IFRS Basic Earnings Per Share is calculated as ((1.9p - 0.3p) / 0.3p) x 100%. This table provides a clear comparison of the key financials and debt (or lack thereof) for Hansard Global PLC between H1 2026 and H1 2025.
SNR logo
Latest RNS 06:01
SNR

Announcement Regarding Media Speculation

Senior PLC

**Summary**
Senior PLC issued a statement on March 4, 2026, addressing media speculation regarding a possible takeover offer. The company confirmed receiving a preliminary, non-binding all-cash offer from Arcline Investment Management, L.P. on February 21, 2026, to acquire its entire issued and to-be-issued share capital. Discussions with Arcline and other potential offerors are ongoing, but there is no certainty that an offer will be made or its terms.
In compliance with the City Code on Takeovers and Mergers, Arcline must announce a firm intention to make an offer or confirm it does not intend to proceed by April 1, 2026. Senior PLC emphasized that this announcement was made without Arclines consent and provided contact details for inquiries. The company also disclosed its issued share capital and regulatory information, ensuring transparency for stakeholders.
Speculation
ADM logo
Latest RNS 06:01
ADM

Admiral Group Plc Full Year 2025 Results

Admiral Group PLC

**Summary of Admiral Group PLC Full Year 2025 Results**
**Financial Highlights**
**Record Profits** Admiral Group reported record profits for 2025, with a 16% increase in profit before tax to £957.9 million, driven by strong contributions across the Group.
**Earnings Per Share (EPS)** EPS from continuing operations increased by 16% to 247.4p.
**Dividend Per Share** Dividend per share rose by 7% to 205.0p.
**Insurance Revenue** Insurance revenue grew by 9% to £4.98 billion.
**Customer Growth** Group risks increased by 7% to 11.8 million, with UK insurance risks up 9% to 9.6 million.
**Admiral Money** Gross loan balances increased by 24% to £1.46 billion.
**Solvency Ratio** The solvency ratio (post-dividend) decreased slightly to 193% from 203%.
**Operational Highlights**
**UK Motor Performance** UK Motor delivered an exceptional performance, surpassing £1 billion in profit.
**Diversification** Other UK personal lines, Admiral Money, and European Motor operations collectively generated nearly £100 million in profit, with strong results in France and a rapid recovery in Italy.
**Customer Focus** Continued investment in digital journeys, app functionality, and product development improved customer experiences, reflected in strong service outcomes and Net Promoter Scores <mark style="background-color:yellow">above</mark> 50.
**Strategic Acquisitions and Integrations:** Completed the integration of More Than and announced plans to acquire Flock, a digital fleet insurer, to expand into attractive markets.
**Technology and Innovation** Increased investment in technology, data, and artificial intelligence, including the establishment of a GenAI Centre of Excellence, showing early signs of improved efficiency and customer outcomes.
**Strategic Refresh**
**Three-Pillar Strategy**
1. **Scaling Selectively** Continue growing UK Motor with discipline while improving margins in newer lines.
2. **Future-Proofing Competitive Advantage:** Leverage cost-effective operations, data, and GenAI to increase customer lifetime value and resilience.
3. **Amplifying Admiral DNA** Evolve culture, develop people, and positively impact communities.
**Leadership Changes**
**CFO Transition** Geraint Jones retired as Group CFO, succeeded by Rachel Lewis, who brings deep business knowledge and leadership experience.
**Financial Position and Capital Management:**
**Strong Financial Position** The Group maintains a strong financial position with prudent reserves and a refreshed capital return policy, offering flexibility for future investments and shareholder returns.
**Sustainability and Community Impact**
**Environmental and Social Initiatives** Committed to positively impacting the environment and communities, including partnerships for natural flood management initiatives.
**Conclusion**
Admiral Group’s 2025 results highlight its robust performance, strategic advancements, and commitment to innovation and customer satisfaction. The Group is well-positioned for future growth, supported by a refreshed strategy, strong financial health, and a focus on sustainable value creation.
Here is the HTML table code comparing the financials and debt year on year for Admiral Group PLC: td>-10pts
Metric20252024Change
Group profit before tax from continuing operations (£m)957.9826.5+16%
Earnings per share from continuing operations (pence)247.4212.8+16%
Dividend per share (pence)205.0192.0+7%
Group turnover (£bn)5.905.95-1%
Insurance revenue (£bn)4.984.55+9%
Group risks (million)11.811.0+7%
Admiral Money gross loan balances (£bn)1.461.17+24%
Solvency ratio (post-dividend)193%203%
**Notes:** * The table compares key financial metrics for Admiral Group PLC between 2025 and 2024. * The data is extracted from the provided text, which appears to be an annual report or financial statement. * The "Change" column shows the percentage change between 2025 and 2024 for each metric. * The table is formatted using HTML tags for a clear and concise presentation.
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Market AI · 2026-03-05

LONDON MARKET CLOSE: Early gains evaporate as oil price rise resumes

FTSE 100 Performance: Closed lower by 1.5% at 10,413.94, giving up early gains due to rising oil prices amid the Middle East crisis. Market Sentiment: Rattled by ongoing Iran conflict, with no immediate resolution …

Market AI · 2026-03-05

LONDON MARKET MIDDAY: Stocks higher, UK construction decline continues

London Stock Market: Stock prices higher at midday after opening in the red. FTSE 100 up 0.2% at 10,586.60, FTSE 250 up 0.4% at 22,992.62, AIM all-share up 0.2% at 796.14. Cboe UK indices also …

Market AI · 2026-03-05

LONDON BROKER RATINGS: Deutsche Bank and Barclays cut Vistry

Here is the provided text formatted as bullet points in HTML: html 5th Mar 2026 09:40 The following London-listed shares received analyst recommendations Thursday morning and on Wednesday: FTSE …

Market AI · 2026-03-05

LONDON MARKET OPEN: Stocks in red, PageGroup tumbles

London Stock Market Opening: Stock prices opened lower on Thursday, with the FTSE 100 down 0.3%, FTSE 250 down 0.4%, and AIM all-share down 0.4%. FTSE 100 Leader: Rentokil climbed 8.9% despite a drop in pretax prof…

Market AI · 2026-03-05

LONDON MARKET EARLY CALL: FTSE 100 called lower as Iran war continues

London Stocks: Set to open slightly lower on Thursday, ahead of UK construction PMI and US unemployment data. US-Israeli War on Iran: Enters its sixth day; flights carrying stranded Britons from the Middle East…

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