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All Market News Today All digested RNS titles 543
IPF logo IPF

Holding(s) in Company

International Personal Finance PLC

TR1 Buy
['HSBC Holdings plc', '8.116000', '7.649000']
IEM logo IEM

Holding(s) in Company

Impax Environmental Markets PLC

TR1 Buy
['Jefferies Financial Group Inc', '4.756000', '5.707000']
AUGM logo AUGM

Takeover Code Rule 8.3 Disclosure

Augmentum Fintech PLC

**Summary**
On March 12, 2026, Two Plus Two Holdings PTY, acting as Trustees of the Forty One Holdings Trust, disclosed its interests in Augmentum Fintech PLC under Rule 8.3 of the Takeover Code. The disclosure, dated March 11, 2026, revealed that the trust holds 2,000,000 relevant securities of Augmentum Fintech PLC, representing 1.20% of the companys shares. Key individuals associated with the trust include Paul Longmuir (Beneficiary & Signatory), Allan Blaikie (Settlor), and Two Plus Two Holdings PTY (Trustees). No dealings, indemnities, or derivative arrangements were reported, and no Supplemental Form 8 (Open Positions) was attached. The disclosure complies with regulatory requirements for public opening position disclosures.
Takeover
ONT logo ONT

Share Incentive Plan - Director/PDMR Shareholding

Oxford Nanopore Technologies Ltd

Under the SIP, the SIP Trustee will award each participating employee one Matching Share (as defined in the SIP) for each Ordinary Share <mark style="background-color:yellow">purchase</mark>d by the employee under the SIP. On 12 March 2026, the Company issued 121 Ordinary Shares to the SIP Trustee to hold on behalf of Nick Keher to satisfy the Matching Shares awarded under the SIP to him on that date.
IPF logo IPF

Form 8.3

International Personal Finance PLC

CPI logo CPI

Director/PDMR Shareholding

Capita PLC

b) Nature of the transaction Market <mark style="background-color:yellow">Purchase</mark> of Ordinary Shares
IPF logo IPF

Form 8.3

International Personal Finance PLC

IPF logo IPF

Form 8.3

International Personal Finance PLC

CWK logo CWK

Holding(s) in Company

Cranswick PLC

<mark style="background-coloryellow">TR1</mark> Buy
['JPMorgan Asset Management Holdings Inc.', '4.831696', 'Below minimum threshold']
IPF logo IPF

Form 8.3

International Personal Finance PLC

CPI logo CPI

Director/PDMR Shareholding

Capita PLC

b) Nature of the transaction Market <mark style="background-color:yellow">Purchase</mark> of Ordinary Shares
BASC logo BASC

Holding(s) in Company

Brown Advisory US Smaller Companies PLC

TR1 Buy
['Rathbones Investment Management Ltd', '4.995700', '6.092200']
CPI logo CPI

Director/PDMR Shareholding

Capita PLC

b) Nature of the transaction Market <mark style="background-color:yellow">Purchase</mark> of Ordinary Shares
WIZZ logo WIZZ

Holding(s) in Company

Wizz Air Holdings PLC

TR1 Buy
['Causeway Capital Management LLC', '6.290000', '5.040000']
SVML logo SVML

Sovereign Signs Rutile Offtake MoU with Mitsui

Sovereign Metals Ltd

**Summary**
Sovereign Metals Limited announced on March 12, 2026, the signing of a non-binding Memorandum of Understanding (MOU) with Mitsui & Co. for the offtake of natural rutile from its Kasiya Rutile-Graphite Project in Malawi. The MOU outlines a framework for supplying up to 70,000 tonnes per year of high-grade rutile concentrate (TiO₂ >95%) to Japan’s titanium industry over an initial four-year period, with a potential five-year extension. This agreement aligns with global efforts to secure critical mineral supply chains, particularly highlighted by the inaugural US Critical Minerals Ministerial and joint initiatives between the US, EU, and Japan to enhance supply chain resilience.
Japan, the world’s second-largest titanium producer after China, relies heavily on natural rutile as a key feedstock for its high-performance titanium manufacturing, which serves aerospace, defense, and advanced industries. The MOU underscores Mitsui’s strategic interest in securing reliable rutile supply from Kasiya, the world’s largest natural rutile deposit. Sovereign’s product has already been validated by Toho Titanium for high-specification titanium production.
The agreement comes amid heightened global focus on critical minerals, with the US, EU, and Japan collaborating on trade policies, border-adjusted price floors, and a preferential trade framework to mitigate supply chain vulnerabilities. Sovereign’s Managing Director, Frank Eagar, emphasized the MOU’s significance in this context, positioning the company as a cornerstone of diversified, Western-aligned titanium feedstock supply.
Key terms include an indicative volume of up to 70,000 tonnes annually, a four-year initial supply period (starting 2030), and market-based pricing. The MOU is non-binding but reflects mutual intent to negotiate a formal sales agreement, subject to existing agreements with Rio Tinto and the International Finance Corporation. The MOU is effective for two years.
Offtake
ARS logo ARS

Regulatory Approval Received for KSK Transaction

Asiamet Resources Limited

**Summary**
Asiamet Resources Limited announced on March 12, 2026, that it has received Chinese regulatory approval from the State-owned Assets Supervision and Administration Commission (SASAC) for the sale of its interest in Indokal Limited, which holds a 100% indirect stake in the KSK Project, to Norin Mining (Hong Kong) Limited. This approval follows shareholder consent obtained in January 2026. Completion of the transaction remains contingent on fulfilling remaining conditions, including Indonesian regulatory processes. CEO Darryn McClelland highlighted this as a significant milestone toward finalizing the sale, with further updates expected soon. The announcement includes contact details for key executives and advisors, as well as a forward-looking statement disclaimer regarding potential risks and uncertainties.
Approvals
SVS logo SVS

Final Results

Savills

**Summary of Savills PLC Final Results for the Year Ended 31 December 2025**
Savills PLC, a global real estate advisor, reported strong financial results for the year ended 31 December 2025, highlighting resilience and accelerating momentum across its operations.
**Financial Highlights**
**Group Revenue** Increased by 6.1% to £2,551 million (2024: £2,404 million), with 8% growth in constant currency.
**Underlying Profit Before Tax** Rose by 11.4% to £145.3 million (2024: £130.4 million).
**Reported Profit Before Tax** Grew by 14.4% to £101.0 million (2024: £88.3 million).
**Underlying Basic EPS** Increased by 16.6% to 77.2p (2024: 66.2p).
**Reported Basic EPS** Surged by 32.0% to 52.0p (2024: 39.4p).
**Total Dividend per Share** Increased by 11.9% to 33.8p (2024: 30.2p).
**Net Cash** Decreased slightly by 4.9% to £167.7 million (2024: £176.3 million).
**Key Highlights**
**Revenue Growth** All four business areas and three regions reported year-on-year growth. Transactional business revenue grew by 4% (6% in constant currency), while Less Transactional businesses grew by 8% (9% in constant currency).
**Profit Growth** Underlying profit before tax increased by 11%, with Transactional profits up 13% and Less Transactional profits up 15%, reflecting operational gearing and restructuring benefits.
**Dividend Increase** The Board recommended a final ordinary dividend of 15.7p per share and a 24% increase in the supplemental dividend to 10.7p per share, totaling 33.8p per share.
**Leadership Succession** CEO and CFO succession was completed with Simon Shaw as Group Chief Executive and Nick Sanderson as Group Chief Financial Officer.
**Outlook**
Despite challenges like the conflict in the Middle East, Savills expects continued momentum in global real estate markets. The Group anticipates progressive growth in investment activity across key markets, supported by strong transactional pipelines and operational leverage.
**Strategic Priorities**
1. **Real Estate Investment Banking (REIB):** Scaling the REIB operation to improve profitability.
2. **Less Transactional Businesses** Driving growth through organic expansion and selective investments.
3. **International Operations** Broadening services and improving profitability in key markets.
4. **Prime Residential Advisory** Expanding global prime residential services.
5. **Savills Investment Management (IM)** Growing as an investment and outsourced asset manager.
**Market Conditions**
Global commercial property investment rose by 15% in 2025, led by the US. The UK saw modest growth, while Europe experienced gradual improvement. The Middle East remained supportive, and North America saw strengthening office leasing activity.
**Business Development**
Savills strengthened its position through acquisitions like Osborne King in Ireland, Hoffman in North America, and Alpina in Singapore, enhancing its integrated service offerings.
**Technology and Innovation**
Investments in proprietary technology platforms and AI strategies aim to enhance service efficiency and client insights, with a focus on human oversight and governance.
**Board Changes**
Mark Ridley retired as Group Chief Executive, succeeded by Simon Shaw. Nick Sanderson joined as Group Chief Financial Officer.
**Dividend Policy**
The bifurcated dividend policy continues, with a progressive basic ordinary dividend and a supplemental dividend tied to transactional performance.
**Conclusion**
Savills PLC demonstrated robust performance in 2025, driven by diversified business lines and strategic initiatives. The Group is well-positioned for continued growth, supported by strong market positions, technological advancements, and a clear strategic vision.
Here is the HTML table code comparing the financials and debt year on year for Savills PLC:
MetricFY25 (£m)FY24 (£m)Change
Group Revenue2,5512,404+6.1%
Underlying Profit Before Tax145.3130.4+11.4%
Reported Profit Before Tax101.088.3+14.4%
Net Cash (as at 31 December)167.7176.3-4.9%
Borrowings (Non-current)128.7119.6+7.6%
Borrowings (Current)48.041.3+16.2%
Total Borrowings176.7160.9+9.8%
**Key Observations:** * **Revenue Growth:** Savills PLC experienced a 6.1% increase in group revenue from FY24 to FY25, indicating strong performance across all business areas and regions. * **Profitability Improvement:** Underlying profit before tax increased by 11.4%, while reported profit before tax grew by 14.4%, showcasing improved operational efficiency and benefits from prior year restructuring. * **Net Cash Decrease:** Net cash decreased by 4.9%, primarily due to increased borrowings and acquisitions. * **Debt Increase:** Total borrowings increased by 9.8%, with both non-current and current borrowings rising, indicating a shift towards higher leverage. This table provides a concise comparison of key financials and debt metrics for Savills PLC, highlighting areas of growth, profitability, and changes in debt levels.
TCAP logo TCAP

Launch of sixth share buyback programme of £80m

TP ICAP Group PLC

**Summary**
TP ICAP Group plc announced the launch of its sixth share buyback programme, valued at £80 million, following the completion of its fifth £30 million buyback. The programme aims to reduce the companys capital and/or meet obligations under employee share schemes. Shares purchased that are not cancelled will have their dividend rights waived. The buyback underscores the Boards confidence in TP ICAPs future prospects, strong financial performance, and operational progress. The programme includes £50 million from the companys legal entities rationalisation programme, delivered ahead of schedule. Since 2023, TP ICAP has completed or announced £230 million in share buybacks.
The buyback will be conducted within pre-set parameters, adhering to shareholder authority granted at the 2025 Annual General Meeting, which allows the purchase of up to 10% of issued ordinary shares. The programme complies with UK and EU regulations, including the Financial Conduct Authoritys Listing Rules and the Market Abuse Regulation (MAR). TP ICAP has appointed Peel Hunt LLP to manage the buyback as a "matched principal," operating independently during closed periods. Transactions will be disclosed via RNS announcements and published on the companys website within seven days of execution.
TP ICAP, a leading wholesale market intermediary, operates globally in financial, energy, and commodities markets, providing broking services, data, analytics, and market intelligence from over 60 offices in 28 countries. The announcement includes forward-looking statements, noting potential variations in actual results. Contact details for enquiries are provided for the Group Company Secretary, analysts/investors, and media.
Launch
SOM logo SOM

Launch of 2026 Share Buyback Programme

Somero Enterprise Inc

**Summary**
Somero Enterprises Inc. announced the launch of its **2026 Share Buyback Programme** on March 12, 2026, authorizing the repurchase of up to **US$4.0 million** of its ordinary shares. The program, managed by Cavendish Capital Markets Limited, aims to reduce the companys share capital by canceling purchased shares. It will run until June 30, 2027, operating within pre-set parameters and independently of the company. The buyback reflects Someros disciplined approach to capital allocation, sustainable growth, and maintaining a strong balance sheet. The program complies with regulatory requirements, including Market Abuse Regulation (MAR), and may represent a significant portion of daily trading volume on the London Stock Exchange. Shareholders were informed that the buyback could exceed 25% of average daily traded volume, potentially impacting market dynamics.
Launch
BPT logo BPT

Final Results

Bridgepoint Group Plc

**Summary**
Bridgepoint Group plc, a private equity, credit, and infrastructure fund manager, reported strong financial performance for the year ended December 31, 2025, with key highlights including
**Financial Performance** Underlying management fees and other income grew by 13.0% to £427.7 million, and performance-related earnings (PRE) increased by 9.5% to £151.6 million. EBITDA margin stood at 52.6%.
**Capital Deployment and Returns** Deployed €7.8 billion of capital and returned €8.1 billion to fund investors, exceeding drawn commitments.
**Fundraising** On track to meet the €24 billion fundraising target by the end of 2026, with €14 billion already raised.
**Assets Under Management (AUM)** AUM increased by 24.5% to $94.1 billion, driven by successful fundraising and strong fund performance.
**Strategic Progress** Entered the secondaries market with the addition of Newbury Bridgepoint, expanding capabilities and diversifying income streams.
**Dividend and Share Buyback** Proposed a final dividend of 4.7 pence per share and extended the share buyback program to May 2027.
**Outlook** Positive transaction pipeline for 2026 and beyond, with a focus on continued growth in fundraising and capital deployment.
**Key Financial Metrics (in £ million, unless otherwise stated):**
**Underlying Management Fees and Other Income:** £427.7 (2024: £404.0)
**PRE** £151.6 (2024: £138.5)
**Underlying EBITDA** £304.8 (2024: £292.0)
**Profit Before Tax** £85.7 (2024: £80.7)
**Total AUM** $94.1 billion (2024: $75.6 billion)
**Fee Paying AUM** €38.8 billion (2024: €38.7 billion)
**Strategic Initiatives**
**Secondaries Market Entry** Acquired Newbury Partners to establish a presence in the fast-growing secondaries segment.
**Wealth Product Launch** Introduced Bridgepoint Generations, a globally diversified middle-market direct private equity offering for the private wealth channel.
**M&A and Integration** Continued focus on platform-enhancing acquisitions and effective integration to support long-term growth.
**Future Outlook**
**Fundraising** Expects to close fundraising for flagship infrastructure and direct lending funds in H2 2026 and continue BE VIII fundraising into 2027.
**Deployment and Exits** Strong pipeline for both capital deployment and portfolio company exits, with multiple exits planned for 2026.
**Geographic Expansion** Continued focus on the Middle East and other regions to diversify capital sources and enhance global reach.
**Conclusion**
Bridgepoint Group plc demonstrated robust financial and operational performance in 2025, underpinned by successful fundraising, strong fund performance, and strategic initiatives. The company is well-positioned for continued growth, with a healthy pipeline of investments and exits, and a clear strategy to expand its global footprint and diversify its product offerings.
To compare the financials and debt year on year, we need to extract the relevant data from the text and present it in a table format. Here's the HTML table code:
Metric2024 (Pro forma)2025Change (%)
Total AUM ($bn)N/A94.1N/A
Total AUM (€bn)N/A80.3N/A
Fee Paying AUM (€bn)38.738.80.3%
Fee Paying AUM ($bn)40.145.513.5%
Underlying management and other income (£m)404.0427.75.9%
Underlying total operating income (£m)542.5579.36.8%
Total expenses (excluding exceptional expenses, adjusted items and personnel expenses excluded from FRE) (£m)(248.7)(271.3)9.1%
Underlying EBITDA (£m)292.0304.84.4%
Underlying EBITDA margin (%)53.8%52.6%(1.20)ppt
FRE (£m)155.3156.40.7%
PRE (£m)138.5151.69.5%
Underlying profit before tax (excluding FX) (£m)249.8251.50.7%
Underlying profit before tax (£m)237.5248.34.5%
Profit before tax (£m)150.085.7(42.9%)
Underlying profit after tax (£m)211.9219.33.5%
Profit after tax (£m)124.456.7(54.4%)
Basic EPS (pence)15.15.0(66.9%)
Underlying basic EPS (pence)25.726.53.1%

Debt Comparison

Metric20242025Change (%)
Borrowings (excluding capitalised facility costs)(490.3)(456.1)(7.0%)
Net (debt)/ cash (excluding cash belonging to consolidated CLOs and structured fund vehicles attributable to third-party investors (restricted use))(399.5)(262.6)(34.3%)
Note: The debt comparison table only includes the available data on borrowings and net debt/cash. The text does not provide a direct comparison of other debt-related metrics year on year. This HTML code creates two tables: one for financial comparisons and another for debt comparisons. The tables include the metrics, values for 2024 (pro forma) and 2025, and the percentage change between the two years.
FSJ logo FSJ

Preliminary results for the year ended 31 Dec 2025

James Fisher and Sons PLC

**Summary of James Fisher and Sons plc Preliminary Results for the Year Ended 31 December 2025**
James Fisher and Sons plc, a leading marine services company, reported preliminary results for FY2025, highlighting significant financial and strategic progress despite challenging market conditions.
**Financial Highlights**
**Revenue Growth** Revenue increased by 4.3% to £377.2 million (underlying, adjusted for disposals and staged closures).
**Underlying Operating Profit** Surged by 56.3% to £28.6 million, driven by cost actions, improved Defence execution, and recovery in previously underperforming businesses.
**Operating Margin** Improved by 250 basis points to 7.6%, reflecting operational efficiencies and strategic initiatives.
**Net Debt Reduction** Net debt decreased to £54.4 million, with covenant leverage at 1.3x, comfortably within the target range.
**Return on Capital Employed (ROCE)** Increased by 250 basis points to 8.6%, moving closer to the medium-term target of 15%.
**Strategic Progress**
**Portfolio Simplification** Continued simplification of the portfolio through further disposals and staged closures, focusing on core businesses.
**Defence Capabilities** Strengthened Defence capabilities led to a replenished orderbook and growing pipeline, with a focus on specialist capabilities.
**Product Development** Developed six new products and increased targeted development investment to support future growth.
**Operational Efficiency** Improved execution and cost discipline across all divisions, leading to margin expansion.
**Market Conditions and Outlook**
**Defence** Strong demand aligned with the companys specialist capabilities, supported by increased global defence spending.
**Energy** Signs of structural recovery in the energy market, though short-term conditions remain volatile due to geopolitical uncertainties.
**Maritime Transport** Expected benefits from new build vessels starting in 2027 and selective expansion in Fendercare.
**2026 Outlook** Trading has started the year in line with management expectations, with the Board confident in delivering further progress towards medium-term financial targets of a 10% underlying operating profit margin and 15% ROCE.
**CEO Commentary**
Jean Vernet, CEO, emphasized the turning point in 2025, marked by strategic focus, simplification, and operational improvements. The companys efforts have laid a strong foundation for sustainable growth, with a clear pathway towards achieving medium-term financial targets.
**Financial Performance by Division**
**Energy** Revenue declined by 23.6% to £158.6 million due to disposals and staged closures, but underlying operating profit improved by 23.1% to £17.6 million, driven by turnaround initiatives.
**Defence** Revenue grew by 10.9% to £88.8 million, with underlying operating profit increasing by 189.5% to £5.5 million, supported by strong demand and improved execution.
**Maritime Transport** Revenue was stable at £147.0 million, with underlying operating profit rising by 44.4% to £20.8 million, reflecting improved profitability and operational efficiency.
**Balance Sheet and Liquidity**
**Net Assets** Decreased slightly to £187.3 million, primarily due to reductions in working capital offset by increases in intangible assets.
**Liquidity** Maintained a strong liquidity position with £37.0 million, well above the minimum target of £20.0 million.
**Future Focus**
The company remains focused on scaling its operations, integrating its supply chain, and investing in new products and technologies to drive growth across its core geographies. Despite macroeconomic and geopolitical uncertainties, James Fisher is well-positioned to capitalize on emerging opportunities in Defence, Energy, and Maritime Transport.
**Conclusion**
James Fisher and Sons plc demonstrated resilience and strategic agility in 2025, achieving significant financial and operational improvements. With a strengthened portfolio, enhanced capabilities, and a clear growth strategy, the company is poised for continued progress in 2026 and beyond, aiming to deliver long-term value for stakeholders.
Here is the HTML table code comparing the financials and debt year on year for James Fisher and Sons plc:
Metric20252024Change
Revenue (£m)394.4437.7-9.9%
Operating Profit (£m)16.173.1-78.0%
Profit Before Tax (£m)4.354.0-92.0%
Net Debt (£m)54.456.1-3.0%
Net Debt - Covenant Basis (£m)61.061.0n/a
Underlying Revenue (£m)377.2361.74.3%
Underlying Operating Profit (£m)28.618.356.3%
Underlying Operating Margin7.6%5.1%250 bps
Return on Capital Employed (ROCE)8.6%6.1%250 bps
**Key Observations:** * **Revenue Decline:** Reported revenue decreased by 9.9% from 2024 to 2025, primarily due to reductions in Energy and Maritime Transport following prior year disposals and staged closures. * **Profitability Pressure:** Operating profit and profit before tax saw significant declines in 2025 compared to 2024, largely due to the absence of significant gains on disposals recognized in the previous year. * **Debt Reduction:** Net debt decreased slightly by 3.0% from 2024 to 2025, indicating a focus on debt management. * **Underlying Improvement:** Underlying revenue, operating profit, and margins showed improvement in 2025, suggesting progress in the company's turnaround efforts. * **ROCE Increase:** Return on Capital Employed increased significantly, reflecting improved operational efficiency and asset utilization.
ALFA logo ALFA

Full Year Results for year ended 31 December 2025

Alfa Financial Software Holdings PLC

**Summary of Alfa Financial Software Holdings PLCs Full Year Results for 2025**
**Financial Performance**
**Revenue Growth** Revenue increased by 15% to £126.7 million in 2025, driven by a 16% growth in subscription revenues, which reached £43.6 million.
**Profitability** Operating profit rose by 17% to £40.1 million, with an operating margin of 31.6%. Profit before tax also increased by 18% to £40.1 million.
**Earnings Per Share (EPS)** Basic EPS grew by 17% to 10.19 pence, and diluted EPS increased by 18% to 10.14 pence.
**Cash Generation** Strong cash generation continued, with a 97% free cash flow conversion rate. Cash reserves increased to £26.4 million.
**Strategic Highlights**
**Subscription Revenue Growth** Subscription revenues grew by 16%, becoming the fastest-growing revenue stream. Annual Recurring Revenue (ARR) increased by 15% to £43.9 million.
**Customer Expansion** Alfa Cloud customers increased to 22, up from 21 in 2024. Net Revenue Retention (NRR) improved to 109%, reflecting strong customer retention and expansion.
**Product Development** Invested £37.7 million in product development, focusing on US Auto Originations, Fleet, and Commercial Finance, to expand market reach and addressable markets.
**Sales and Delivery Momentum** Strong late-stage pipeline with 10 prospects, 5 of which are working under letters of engagement. Delivered 35 go-lives, demonstrating robust delivery execution.
**Employee Growth and Retention** Average headcount increased by 6% to 516, with a high staff retention rate of 97%.
**Dividends**
**Ordinary Dividend** Increased to 1.5 pence per share, up 7% from the previous year.
**Special Dividend** Declared a special dividend of 3.1 pence per share, up 29% from the previous year, reflecting confidence in future performance.
**Outlook**
**Revenue Growth** Expects strong subscription revenue growth and good delivery revenue growth in 2026, despite currency headwinds and macro uncertainty.
**US Market** The US business now accounts for 45% of revenues, creating a headwind for reported results due to current exchange rates.
**Pipeline Strength** Maintains a healthy sales pipeline, with good activity in the early stages, indicating continued demand for Alfas software solutions.
**CEO Commentary**
Andrew Denton, CEO, highlighted exceptional operational and financial performance, achieving a "Rule of 40" target with 17% constant currency revenue growth and a 32% operating profit margin. He emphasized strategic progress in subscription revenues, product development, and AI integration, positioning Alfa for continued growth and market expansion.
**Conclusion**
Alfa Financial Software Holdings PLC delivered strong financial and operational results in 2025, with significant growth in subscription revenues, robust profitability, and strategic advancements in product development and market expansion. The company remains confident in its future prospects, supported by a healthy pipeline and continued investment in innovation.
Here is the HTML table code comparing the financials and debt year on year for Alfa Financial Software Holdings PLC:
Metric2025 (£m)2024 (£m)Change (%)
Revenue126.7109.915%
Operating Profit40.134.317%
Profit Before Tax40.134.118%
Cash26.420.529%
Total Contract Value (TCV)227.5221.33%
Debt000%
**Notes:** * The table includes key financial metrics such as revenue, operating profit, profit before tax, cash, total contract value (TCV), and debt. * The "Change (%)" column shows the percentage change between 2025 and 2024 for each metric. * The debt column shows that Alfa Financial Software Holdings PLC has no bank debt in both 2025 and 2024. This table provides a concise comparison of the company's financial performance and debt position between 2025 and 2024.
SNX logo SNX

Director Dealings

Synectics plc

<mark style="background-coloryellow">Purchase</mark> of Ordinary Shares
91SN logo 91SN

DP World Limited announces FY2025 Results

Dp World Sukuk Limited

**Summary of DP World Limited FY2025 Results**
DP World Limited reported record financial results for FY2025, with **revenue surging 22.0% to $24.4 billion** and **adjusted EBITDA rising 18.0% to $6.4 billion**, driven by strong performance in Ports & Terminals and Logistics. The company achieved a **26.3% adjusted EBITDA margin** and a **32.2% increase in profit to nearly $2.0 billion**, reflecting operational efficiency and disciplined cost management.
**Key Highlights**
1. **Revenue Growth** Ports & Terminals revenue per TEU increased by 8.5% on a like-for-like basis, with strong contributions from the UAE, Middle East, Africa, Europe, and the Americas.
2. **Strategic Investments** Capital expenditure of $3.1 billion was allocated to key growth markets, including Jebel Ali (UAE), London Gateway (UK), and Tuna Tekra (India), expanding port capacity to 109 million TEU.
3. **Logistics Expansion** The customer-centric logistics platform, serving 45,000+ customers, represents ~50% of global GDP and over 80% of Group logistics revenues.
4. **Sustainability Progress** Achieved a **14% reduction in Scope 1 and 2 carbon emissions** and increased renewable electricity to **67% of total global usage**.
5. **Regional Performance**
**Middle East, Europe, and Africa** Revenue grew 20.1% to $16.7 billion, with adjusted EBITDA up 22.4% to $5.1 billion.
**Asia Pacific and India** Revenue increased 26.4% to $3.6 billion, with adjusted EBITDA at $748 million.
**Australia and Americas** Revenue rose 26.3% to $4.1 billion, with adjusted EBITDA up 14.5% to $1.3 billion.
6. **Jebel Ali Update** The port remains fully operational, but regional security issues have temporarily reduced inbound vessel traffic. Mitigation measures are in place.
7. **Financial Strength** Cash generated from operations increased 14.0% to $6.3 billion, and net leverage remained stable at **3.4x** (pre-IFRS16).
**Leadership Commentary**
Group Chairman H.E. Essa Kazim and Group CEO Yuvraj Narayan emphasized DP World’s resilience amid geopolitical challenges, highlighting its diversified portfolio, integrated platform, and focus on high-yield cargo. The company remains confident in the long-term outlook for global trade and is committed to sustainable, customer-centric solutions.
**Future Outlook**
DP World plans to invest up to $3.0 billion in 2026, focusing on strategic locations like Jebel Ali, Jeddah, and London Gateway. Despite near-term uncertainties, the company is well-positioned to capitalize on emerging trade corridors and regionalization trends, aiming for long-term sustainable growth.
Here’s the HTML table code comparing the financials and debt year-on-year for DP World Limited based on the provided text:
Metric2025 (USD million)2024 (USD million)% ChangeLike-for-like at Constant Currency % Change
Revenue24,42220,02322.0%13.4%
Adjusted EBITDA6,4305,45018.0%16.8%
Adjusted EBITDA Margin26.3%27.2%(0.9%)28.0%
Profit for the Year1,9601,48332.2%31.8%
Profit Attributable to Owners1,07275142.7%-
Cash Generated from Operating Activities6,3005,50014.0%-
Net Debt (Pre-IFRS16)17,90015,30017.0%-
Net Debt (Post-IFRS16)25,90022,40015.6%-
Net Leverage (Pre-IFRS16)3.4x3.4x0.0%-
Net Leverage (Post-IFRS16)4.0x4.1x(2.4%)-
Capital Expenditure3,1002,20040.9%-
### Key Notes: 1. **Revenue and EBITDA**: Both revenue and adjusted EBITDA saw significant growth in 2025 compared to 2024, driven by strong performance in Ports & Terminals and Logistics. 2. **Profitability**: Profit for the year increased by 32.2%, reflecting strong top-line performance and disciplined cost management. 3. **Debt and Leverage**: Net debt increased year-on-year, primarily due to higher lease and service concession liabilities. However, net leverage remained stable at 3.4x on a pre-IFRS16 basis. 4. **Cash Flow**: Cash generated from operating activities increased by 14.0%, highlighting robust cash generation. 5. **Capital Expenditure**: Capital expenditure increased significantly in 2025, with a focus on strategic investments across key growth markets. This table provides a concise comparison of key financial and debt metrics for DP World Limited between 2024 and 2025.
CCC logo CCC

Final Results 2025

Computacenter PLC

**Summary of Computacenter PLCs 2025 Final Results**
**Financial Performance Highlights**
**Revenue Growth** Computacenter PLC reported a 32.0% increase in revenue to £9,193.9 million in 2025, driven by strong performance in Technology Sourcing and Services.
**Gross Profit** Gross profit rose by 10.5% to £1,144.1 million, despite a decline in gross margin due to high-volume Technology Sourcing activity in North America.
**Adjusted Operating Profit** Adjusted operating profit increased by 11.3% to £274.7 million, with significant growth in North America and the UK, partially offset by weaker performance in France.
**Adjusted Profit Before Tax** Adjusted profit before tax grew by 7.1% to £272.0 million.
**Dividend** The final dividend was increased by 7.6%, bringing the total dividend growth to 5.5% at 74.6p per share.
**Regional Performance**
**North America** Outstanding performance with both enterprise and hyperscale customers, leading to nearly doubled profits and accounting for nearly 40% of the Group’s adjusted operating profit.
**UK** Returned to growth, benefiting from a more targeted approach and greater customer proximity.
**Germany** Delivered a stronger second half, supported by public sector recovery, achieving a result similar to 2024.
**France** Disappointing performance due to reduced hardware volume in the public sector and challenging market conditions.
**Strategic and Operational Highlights**
**Customer Growth** Added 27 major customers, reaching a total of 215, the highest growth in five years.
**Professional Services** Strong revenue growth of 8.8% in constant currency, driven by the UK and North America.
**Managed Services** Modest decline in revenue, with an improved pipeline of opportunities.
**Product Order Backlog** Increased to £7.1 billion, up 200.3% year-on-year, driven by strong Technology Sourcing orders in North America and the UK.
**Capital Allocation**
**Investments** £46.2 million invested in Group-wide initiatives to improve capabilities and secure future growth.
**Acquisition** Completed the acquisition of AgreeYa for US$120 million, enhancing professional services capabilities in North America and India.
**Dividend Policy** Maintained a dividend cover of 2-2.5x adjusted diluted EPS, with a 5.5% increase in total dividend.
**Outlook**
**Strong Position** Exited 2025 with a record committed product order backlog of £7.1 billion across all geographies.
**Challenges** Aware of macroeconomic uncertainties, hardware component shortages, and political environment but confident in navigating these challenges.
**Expectations** Anticipate further strategic and financial progress in 2026, enhanced by the AgreeYa acquisition.
**CEO Commentary**
Mike Norris, CEO, highlighted the strong performance in 2025, driven by growth in major customers and both Technology Sourcing and Services. He emphasized the outstanding performance in North America, the return to growth in the UK, and the plans to improve performance in France. Norris also noted the strong cash generation and strategic acquisitions, positioning the company well for 2026.
**Financial Metrics**
**Adjusted Net Funds** Increased by 25.7% to £606.0 million, reflecting strong cash generation.
**Net Funds** Rose by 20.8% to £426.2 million.
**Operating Profit** Increased by 1.4% to £241.2 million.
**Profit Before Tax** Decreased by 2.5% to £238.5 million due to exceptional items.
**Strategic Focus**
**Target Market Customers** Focus on large corporate and public sector organizations.
**Service Line Scale** Build competitive advantage in Technology Sourcing, Professional Services, and Managed Services.
**Empower People** Enhance customer-facing capabilities and operational efficiency.
**Conclusion**
Computacenter PLC demonstrated robust financial and operational performance in 2025, with significant growth in key regions and strategic initiatives. Despite challenges, the company is well-positioned for continued progress in 2026, supported by a strong order backlog, strategic acquisitions, and a focus on customer relationships and operational efficiency.
Here is the HTML table code comparing the financials and debt year on year for Computacenter PLC:
Metric2025 (£m)2024 (£m)Change
Revenue9,193.96,964.832.0%
Gross Profit1,144.11,035.010.5%
Adjusted Operating Profit274.7246.711.3%
Adjusted Profit Before Tax272.0254.07.1%
Net Cash Inflow from Operating Activities293.6417.1(29.6%)
Adjusted Net Funds606.0482.225.7%
Net Funds426.2352.720.8%
Total Bank Loans(22.5)(7.4)204.1%
Lease Liabilities(179.8)(129.5)38.8%
**Key Observations:** * **Revenue Growth:** Computacenter PLC experienced significant revenue growth of 32.0% from 2024 to 2025, reaching £9,193.9 million. * **Profitability Improvement:** Adjusted operating profit and adjusted profit before tax both increased, by 11.3% and 7.1% respectively, indicating improved operational efficiency. * **Cash Flow Decline:** Net cash inflow from operating activities decreased by 29.6%, which could be a concern if it continues. * **Increased Debt:** Both total bank loans and lease liabilities increased significantly, indicating higher debt levels. * **Stronger Net Funds:** Despite increased debt, adjusted net funds and net funds both increased, suggesting the company still has a solid financial position.
INF logo INF

Final Results

Informa PLC

Informa PLC, a global B2B Live Events, B2B Digital Services, and Academic Markets Group, reported strong financial results for 2025, with record revenues and adjusted operating profit. Key highlights include
**Financial Performance**
Revenue increased by 13.7% to £4,041.4 million, with adjusted operating profit rising by 14.6% to £1,139.8 million.
Free cash flow grew by 9.0% to £884.8 million, driven by operating profit growth and focused cash management.
Adjusted diluted earnings per share increased by 11.0% to 55.6p, marking the fifth consecutive year of double-digit growth.
**Strategic Initiatives**
The company confirmed £620 million in cash returns for 2025 and accelerated share buybacks in 2026, starting with a minimum commitment of £200 million, later increased to £250 million.
Informas growth strategy, "One Informa," focuses on brand value extension, AI integration, customer experience enhancement, and data-led marketing, aiming to maximize the growth and value of its B2B platform.
**Segment Performance**
**B2B Live Events** Underlying revenue growth of 9.5%, with strong performances in Healthcare and Food sectors.
**Academic Markets (Taylor & Francis)** Delivered 3.6% underlying revenue growth, excluding non-recurring data access contracts, with a focus on expanding the journal portfolio and targeting new customer segments.
**B2B Digital Services (Informa TechTarget):** A foundational year with a focus on delivering positive growth in 2026, leveraging proprietary data and a broad product offer.
**Future Outlook**
Informa targets consistent 5%+ underlying revenue growth over the next three years, faster underlying profit growth, and 8%+ underlying EPS growth.
For 2026, the company aims for 6%± underlying revenue growth, with B2B Live Events targeting 7%+ growth, and double-digit underlying EPS growth.
**Sustainability and Governance**
Continued commitment to sustainability, recognized through inclusion in the Dow Jones Sustainability Index for the eighth consecutive year, achieving AAA ESG Rating from MSCI, and an A- CDP Score.
**Board and Corporate Updates**
Andy Ransom appointed to the Audit Committee, and the company announced a partnership with Dubai World Trade Centre to launch a new operating business, inD, in the IMEA region.
Informas 2025 results demonstrate robust financial health, strategic growth initiatives, and a commitment to sustainability and shareholder value, positioning the company for continued success in 2026 and beyond.
Here is the comparison of financials and debt year on year presented as an HTML table:
Metric2025 (£m)2024 (£m)Change (£m)Change (%)
Revenue4,041.43,553.1488.313.7%
Adjusted Operating Profit1,139.8995.0144.814.6%
Free Cash Flow884.8812.172.79.0%
Net Debt (incl. IFRS 16)3,066.23,201.8(135.6)(4.2%)
Adjusted Diluted EPS (p)55.650.15.511.0%
Full Year Dividend per Share (p)22.020.02.010.0%
### Key Observations: 1. **Revenue Growth**: Revenue increased by 13.7% from £3,553.1m in 2024 to £4,041.4m in 2025, driven by strong performance across all segments, particularly B2B Live Events. 2. **Adjusted Operating Profit Growth**: Adjusted operating profit grew by 14.6% from £995.0m in 2024 to £1,139.8m in 2025, reflecting improved margins and cost management. 3. **Free Cash Flow Improvement**: Free cash flow increased by 9.0% from £812.1m in 2024 to £884.8m in 2025, supported by higher operating profit and working capital inflows. 4. **Net Debt Reduction**: Net debt decreased by 4.2% from £3,201.8m in 2024 to £3,066.2m in 2025, despite significant shareholder returns. 5. **EPS Growth**: Adjusted diluted earnings per share increased by 11.0% from 50.1p in 2024 to 55.6p in 2025, marking the fifth consecutive year of double-digit growth. 6. **Dividend Increase**: The full-year dividend per share rose by 10.0% from 20.0p in 2024 to 22.0p in 2025, reflecting the company's commitment to shareholder returns. This table provides a clear year-on-year comparison of key financial metrics and debt levels for Informa PLC.
OCI logo OCI

Final Results for the Year Ended 31 December 2025

Oakley Capital Investments Limited

**Summary of Oakley Capital Investments Limited (OCI) Final Results for the Year Ended 31 December 2025**
Oakley Capital Investments Limited (OCI) announced its final results for 2025, highlighting strong performance and strategic positioning for future growth. OCI, a listed investment company, achieved a 10-year share price total return of **+362%**, outperforming the FTSE All-Share Index by **+239%** and the MSCI World Index by **+114%**.
**Key Highlights**
1. **Financial Performance**
Net Asset Value (NAV) per share**738 pence**
total NAV: **£1233 million**.
Total NAV return per share**+6%** (+45 pence), or **+3%** (+23 pence) excluding FX impact.
Total shareholder return**15%**.
Ten-year NAV return CAGR**15%**.
2. **Portfolio Performance**
Average portfolio company LTM EBITDA growth: **11%**.
Key NAV drivers
**Clio** (+33 pence) from vLex realisation.
**Phenna Group** (+23 pence) due to M&A and demand growth.
**TechInsights** (+13 pence) driven by AI-related demand.
**Time Out Group** (-32 pence) due to media headwinds and share issuance.
3. **Investments & Proceeds**
Total investments**£197 million** (16% of NAV), including £96 million in new platform deals (e.g., Brevo, Infravadis) and £79 million in follow-on investments.
Proceeds**£92 million** from exits (e.g., vLex at >6x gross return) and refinancings.
4. **Capital Allocation**
Completed **£50 million** share buyback in 2025, enhancing NAV per share by 11 pence.
Launched **£20 million** minimum buyback programme for 2026.
Committed **€500 million** to Oakley Capital Fund VI, with total outstanding commitments of **£992 million**.
Liquidity**£191 million** (cash: £95 million
undrawn credit facilities£96 million).
5. **Strategic Initiatives**
Transferred listing to the **Main Market** of the London Stock Exchange, gaining FTSE 250 inclusion.
Appointed **Christopher Samuel** as Chair and **Kiernan Bell** as Independent Non-Executive Director.
6. **AI Focus & Portfolio Positioning**
Two-thirds of portfolio value is in businesses with physical delivery or tangible products, benefiting from AI-driven efficiency gains.
Launched **Oakley Touring Fund** in 2024 to invest in AI-native B2B solutions and established the **Oakley AI Lab** to support AI adoption across the portfolio.
7. **Leadership Comments**
**Steve Pearce** (Interim Chair) emphasized resilience in a challenging environment and confidence in OCI’s ability to leverage AI for future growth.
**Peter Dubens** (Managing Partner, Oakley Capital) highlighted opportunities in the current market to partner with entrepreneurs and harness AI technologies.
OCI remains well-positioned to deliver resilient returns, with a diversified portfolio, strategic AI focus, and robust capital allocation strategy. The Q1 2026 trading update is scheduled for **29 April 2026**.
Below is the HTML table code comparing the financials and debt metrics year-on-year based on the provided text:
Metric20242025
Net Asset Value (NAV) per shareNot Provided738 pence
Total NAV Return per shareNot Provided+6% (+45 pence)
Total Shareholder ReturnNot Provided15%
Ten-year NAV Return CAGRNot Provided15%
Average Portfolio Company LTM EBITDA Growth15%11%
Average Portfolio Company Valuation Multiple (EV/EBITDA)16.4x16.3x
Average Net Debt/EBITDA Multiple4.1x4.1x
Total InvestmentsNot Provided£197 million (16% of NAV)
Proceeds from Exits and RefinancingsNot Provided£92 million (£57m exits, £35m refinancings)
Share BuybacksNot Provided£50 million (completed in 2026)
Liquidity (Cash + Undrawn Credit Facilities)Not Provided£191 million (£95m cash, £96m undrawn)
### Notes: - **2024 Data**: Only specific metrics like EBITDA growth, valuation multiple, and net debt/EBITDA multiple were provided for comparison. - **2025 Data**: Key financials and debt-related figures were extracted and compared where available. - **Missing Data**: Some metrics (e.g., 2024 NAV per share, total investments in 2024) were not provided in the text, hence marked as "Not Provided". This table provides a clear year-on-year comparison of the available financial and debt metrics.
HTWS logo HTWS

Full Year Results 2025

Helios Towers Plc

**Summary**
Helios Towers PLC, an independent mobile tower company, announced its full-year results for 2025, showcasing strong performance and progress towards its strategic goals. The company reported a 12% growth in Adjusted EBITDA, reaching US$471.1 million, and a significant expansion in free cash flow, exceeding expectations. Key highlights include
**Financial Performance** Helios Towers achieved a 9% increase in tenancies, reaching 31,944, and improved its tenancy ratio to 2.17x. Revenue grew by 8% to US$854.1 million, driven by organic tenancy growth and contractual escalators. Adjusted EBITDA margin increased to 55%, and operating profit rose by 18% to US$286.0 million.
**Strategic Progress** The company successfully launched its IMPACT 2030 strategy, aiming for capital-efficient growth, sustained free cash flow, and shareholder returns. It achieved its 2.2x tenancy ratio target a year ahead of schedule, demonstrating operational excellence.
**Capital Allocation** Helios Towers maintained a disciplined capital allocation approach, with discretionary capital additions of US$138.3 million, supporting site and colocation additions, power investments, and upgrades. Net leverage decreased to 3.4x, and the companys credit rating was upgraded by Moodys to Ba3.
**2026 Outlook** The company provided guidance for 2026, expecting Adjusted EBITDA of US$510-525 million and recurring free cash flow of US$210-225 million. It plans to allocate capital for discretionary capex, share buybacks, and dividends, demonstrating a commitment to shareholder returns.
**Sustainable Growth** Helios Towers emphasized its focus on sustainable growth, with 94% of its workforce being local and a commitment to diversity, reaching 29% female representation in 2025. The company also highlighted its efforts in climate action, investing in cleaner energy solutions and reducing carbon emissions.
**Market Position** Operating in nine countries across Africa and the Middle East, Helios Towers connects over 158 million people, providing reliable mobile network coverage. Its infrastructure-sharing model supports mobile penetration and enables faster rollout, lower costs, and improved power performance for mobile operators.
In summary, Helios Towers PLCs 2025 results demonstrate strong financial and operational performance, strategic progress, and a commitment to sustainable growth and shareholder value creation. The company is well-positioned to capitalize on the growing demand for mobile infrastructure in its markets, driven by population growth, increasing mobile penetration, and data consumption.
Here is the comparison of financials and debt year on year for Helios Towers PLC, presented as an HTML table:
MetricFY 2025FY 2024Change
Tenancies31,94429,406+9%
Tenancy ratio2.17x2.05x+0.12x
Adjusted EBITDA (US$m)471.1421.0+12%
Operating profit (US$m)286.0242.3+18%
Recurring free cash flow (US$m)207.5147.9+40%
Free cash flow (US$m)66.418.7+249%
Cash generated from operations (US$m)480.5397.2+21%
Return on invested capital (ROIC) (US$m)13.5%12.9%+0.6ppt
Net leverage3.4x4.0x-0.6x
**Key Highlights:** - **Tenancies and Tenancy Ratio:** Tenancies increased by 9% to 31,944, and the tenancy ratio improved to 2.17x from 2.05x in the previous year. - **Adjusted EBITDA and Operating Profit:** Adjusted EBITDA grew by 12% to $471.1 million, and operating profit increased by 18% to $286.0 million. - **Cash Flow Metrics:** Recurring free cash flow saw a significant increase of 40% to $207.5 million, while free cash flow more than tripled to $66.4 million. Cash generated from operations also rose by 21% to $480.5 million. - **Return on Invested Capital (ROIC):** ROIC improved by 0.6 percentage points to 13.5%. - **Net Leverage:** Net leverage decreased by 0.6x to 3.4x, indicating a stronger financial position. This table provides a concise comparison of key financial and debt metrics for Helios Towers PLC between FY 2025 and FY 2024, highlighting the company's growth and improved financial health.
OPT logo OPT

Contract Win

Optima Health plc

Please provide the text you would like me to summarize. Im ready when you are!
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VSVS logo VSVS

Final Results

Vesuvius PLC

**Summary of Vesuvius plcs Final Results for the Year Ended 31 December 2025**
Vesuvius plc, a global leader in molten metal flow engineering and technology, reported its final results for the year ended 31 December 2025, highlighting resilience despite challenging market conditions. The companys performance was in line with expectations, driven by a strong focus on cost reduction and the benefits of its technology strategy.
**Financial Highlights**
**Revenue** £1,809.5 million, a 0.7% increase on a like-for-like basis, but a 0.6% decline on a reported basis due to FX headwinds.
**Trading Profit (Adjusted Operating Profit):** £151.1 million, down 17.0% on a like-for-like basis and 19.6% on a reported basis, primarily due to challenging market conditions in EMEA.
**Return on Sales (RoS)** 8.4%, down 170 basis points on a like-for-like basis.
**Adjusted Basic EPS:** 34.2pdown 17.7% on a like-for-like basis.
**Free Cash Flow:** £36.0 milliondown 37.7% compared to 2024.
**Net Debt / EBITDA:** 2.0xup from 1.3x in 2024.
**Key Developments**
**Cost Reduction Program** Delivered £17.8 million in savings, ahead of initial expectations, as part of a £55 million multi-year program.
**New Product Sales** Increased to 20.5%, reaching the 2026 target a year early, with a strong pipeline of new products.
**Acquisitions** Completed acquisitions of PiroMET and MMS, strengthening presence in Turkey and the non-ferrous foundry market.
**Dividend** Proposed final dividend of 16.5p, bringing the full-year dividend to 23.6p, a 0.4% increase.
**Segment Performance**
**Steel Division** Revenue grew slightly (+1.4% like-for-like) due to market share gains and pricing increases, but trading profit fell 18.3% due to inflationary costs and temporary manufacturing inefficiencies.
**Foundry Division** Revenue declined 1.5% like-for-like due to weak markets outside India and China, with trading profit down 11.2% due to negative net pricing in H1.
**Outlook**
**2026** Expected to be a transition year to recovery, with modest volume growth, continued cost reduction, and full-year contributions from recent acquisitions.
**Cash Flow** Anticipated to grow in 2026 due to improved trading profit and normalized investment capex.
**RoS Target** Continues to target 12.5% RoS, supported by self-help measures and more favorable market conditions from 2027.
**Strategic Focus**
**Innovation** Continued investment in R&D, with a focus on materials science and mechatronics solutions.
**Sustainability** Progressed on decarbonization goals, reducing carbon intensity by 31.4% compared to 2019.
**Safety** Achieved a Lost Time Injury Frequency Rate of 0.7, well ahead of the industry average, despite one work-related fatality.
**Conclusion**
Vesuvius plc demonstrated resilience in 2025, navigating challenging market conditions through cost reduction, strategic acquisitions, and a focus on innovation. The company is positioned for recovery in 2026, with expectations of profit growth and improved cash flow, supported by its ongoing strategic initiatives and market share gains.
Here is the HTML table code comparing the financials and debt year on year for Vesuvius plc:
Metric2025 (£m)2024 (£m)Like-for-like changeYear-on-year change
Revenue1,809.51,820.1+0.7%(0.6%)
Trading Profit151.1188.0(17.0%)(19.6%)
Return on Sales8.4%10.3%-170bps-190bps
Adjusted basic EPS (pence)34.2p43.3p(17.7%)(21.0%)
Free cash flow36.057.8NA(37.7%)
Net Debt / EBITDA2.0x1.3xNA+0.7x
**Key Observations:** * **Revenue:** Slight increase on a like-for-like basis (+0.7%), but a slight decrease on a reported basis (-0.6%). * **Trading Profit:** Significant decline both on a like-for-like basis (-17.0%) and reported basis (-19.6%). * **Return on Sales:** Decreased by 170bps on a like-for-like basis and 190bps on a reported basis. * **Adjusted basic EPS:** Decreased by 17.7% on a like-for-like basis and 21.0% on a reported basis. * **Free Cash Flow:** Substantial decrease of 37.7%. * **Net Debt / EBITDA:** Increased by 0.7x, indicating higher leverage.
FIL logo FIL

Unaudited interim results to 31 December 2025

Fairview International PLC

**Summary of Fairview International PLCs Half-Year/Interim Report (Unaudited) to 31 December 2025**
**Financial Highlights**
**Revenue Growth** Increased by 7.1% to £2.98 million (H1 2025: £2.78 million), driven by higher student enrollments and ancillary revenue streams.
**Profitability** Profit before tax surged 121.8% to £1.22 million (H1 2025: £0.55 million), and profit after tax rose 257.7% to £0.93 million (H1 2025: £0.26 million), aided by cost control and one-off IPO-related expenses in the prior period.
**Gross Profit Margin** Improved to 53.3% (H1 2025: 50.4%).
**Earnings per Share** Increased to 0.16p (H1 2025: 0.08p).
**Operational Highlights**
**Student Enrollments** 1.8% increase in student numbers, net of graduating students, with 723 students enrolled across two schools as of 2026.
**Academic Excellence** Kuala Lumpur campus ranked in the top 100 IB schools globally for the sixth consecutive year and second in Malaysia.
**Expansion Initiatives** Exploring school premises expansion in Malaysia and property development opportunities at the Johor Bahru campus.
**Strategic Partnerships** Memorandum of Understanding with Arts University Bournemouth to enhance teacher supply and collaboration.
**Business Review and Developments**
Focus on strengthening earnings from education IP and hybrid delivery capabilities.
Leveraging the Johor-Singapore Special Economic Zone (JS-SEZ) for operational and property development opportunities.
Continued assessment of expansion opportunities in Southeast Asia, Asia, and the UK.
**Outlook**
Momentum in enrollments and applications expected to continue, supported by marketing efforts and the FY26/27 academic year.
Confidence in adapting to global economic conditions and capitalizing on growth opportunities.
**Chairman’s Remarks (Daniel Chian)**
Highlighted the Group’s strong interim results, IPO milestone, and strategic focus on scalable education platforms.
Emphasized the potential for organic growth, hybrid learning models, and expansion in Southeast Asia and the UK.
**Financial Position**
Total assets increased to £27.45 million (30 June 2025: £26.07 million).
Total equity rose to £7.04 million (30 June 2025: £5.75 million), driven by net earnings and foreign exchange gains.
Debt-to-equity ratio improved to 1.51 (30 June 2025: 2.00).
**Principal Risks and Uncertainties**
Regulatorycompetitionsafeguardingoperationalexpansionpeoplecyberfinancialand fraud risks remain key concerns.
Principal uncertainty is a potential economic downturn.
**Conclusion**
Fairview International PLC demonstrated robust financial and operational performance in H1 2026, underpinned by strategic initiatives, academic excellence, and expansion opportunities. The Group is well-positioned to capitalize on growing demand for international education, particularly in Southeast Asia and the UK.
Here is the HTML table code comparing the financials and debt year on year for Fairview International PLC:
Financial MetricH1 2026 (£'000)H1 2025 (£'000)Change (%)
Revenue2,9822,7847.1%
Gross Profit1,5881,40213.3%
Profit Before Tax1,2141,1228.2%
Profit After Tax931261256.7%
Earnings Per Share (pence)0.160.08100.0%
Total Assets (£'000)27,45426,0745.3%
Total Liabilities (£'000)20,41020,3190.4%
Total Equity (£'000)7,0445,75522.4%
Net Debt (£'000)10,66711,491-7.2%
Debt-to-Equity Ratio1.512.00-24.5%

Key Observations:

  • Revenue increased by 7.1% year-on-year, driven by higher student enrolments and ancillary revenue streams.
  • Profitability improved significantly, with profit after tax increasing by 256.7% due to cost control measures and absence of one-off IPO expenses.
  • Total equity increased by 22.4%, primarily due to net earnings and foreign exchange reserve gains.
  • Net debt decreased by 7.2%, and the debt-to-equity ratio improved by 24.5%, indicating a stronger financial position.
This table provides a clear comparison of key financial metrics and debt position between H1 2026 and H1 2025 for Fairview International PLC. The data highlights the company's improved financial performance and stronger balance sheet position.
ABDX logo ABDX

$2.5m Contract for clinical self-test development

Abingdon Health Plc

**Summary**
Abingdon Health plc, a UK-based med-tech contract service provider, has secured a $2.5 million contract to develop a clinical self-<mark style="background-color:yellow">test</mark> for an undisclosed UK-based client. The 18-month project, starting in March 2026, involves end-to-end project management and technical support across feasibility, design, development, verification, and validation phases. This contract highlights Abingdon Healths expertise in rapid diagnostic tests, ISO 13485:2016 quality management, and regulatory compliance. The majority of revenues will be recognized in the financial year ending June 2027. Dr. Chris Hand, Executive Chairman, emphasized the companys strategic position in the point-of-contact diagnostics market and its ability to manage complex international programs. This award reinforces Abingdon Healths role as a leading CDMO/CRO service provider in the diagnostics sector.
NewContract
TRN logo TRN

TRADING STATEMENT AND NOTICE OF FULL YEAR RESULTS

Trainline Plc

**Summary**
Trainline PLC, the leading independent rail and coach travel platform, reported solid financial performance for FY2026 (ending February 28, 2026), meeting enhanced expectations. Key highlights include
1. **Financial Performance**
**Net Ticket Sales** Total group sales rose 7% YoY to £6.3 billion, within the 6-9% guidance range. UK Consumer sales grew 6% to £4.1 billion, International Consumer sales increased 5% to £1.1 billion (3% on a constant currency basis), and Trainline Solutions sales surged 15% to £1.1 billion.
**Revenue** Group revenue grew 2% YoY to £453 million, tracking towards the upper end of the 0-3% guidance range. UK Consumer revenue declined 2% to £204 million due to a commission rate cut, while International Consumer revenue rose 12% to £60 million, and Trainline Solutions revenue increased 4% to £189 million.
**Adjusted EBITDA** Expected to grow 10-13%, outpacing revenue and net ticket sales growth, driven by operating leverage and cost discipline.
2. **Operational Highlights**
**UK Consumer** Strengthened customer engagement with 18 million users, expanded digital railcard base by 16% to 2.7 million, and launched Way to Train disruption features. Growth was partially offset by TFLs Project Oval and rail operators self-preferencing of their own channels.
**International Consumer** Benefited from new carrier competition (e.g., 26% growth in South-East France) and rebounding foreign travel in H2. Growth in Spain was impacted by rail safety concerns.
**Trainline Solutions** B2B Distribution grew 36%, driven by business travel sales, particularly in Europe. Lost white-label contracts with Cross-Country and ScotRail pose future headwinds.
3. **Strategic Initiatives**
Launched an online petition for fair automated delay-repay access, garnering 25,000 signatures.
Progressed share buyback program, repurchasing £75 million of shares under the £150 million program, with £275 million bought back since September 2023.
4. **Future Outlook**
Full-year results for FY2026 will be published on May 6, 2026, with an analyst presentation at 9:00 am UK time.
Trainline remains focused on driving growth through customer engagement, ancillary revenues, and strategic market positioning, despite industry challenges.
Below is the HTML table code comparing the financials and debt year on year based on the provided text. Since debt information is not explicitly mentioned in the text, the table focuses on the financial metrics provided (Net Ticket Sales and Revenue). < lang="en">Trainline Financials Comparison (FY2025 vs FY2026)

Trainline Financials Comparison (FY2025 vs FY2026)

MetricFY2025 (£m)FY2026 (£m)YoY Change (%)YoY Change (CCY) (%)
Net Ticket Sales (£m)
UK Consumer3,9124,135+6%+6%
International Consumer1,0551,104+5%+3%
Trainline Solutions9411,081+15%+14%
Total Group5,9076,319+7%+7%
Revenue (£m)
UK Consumer208204-2%-2%
International Consumer5360+12%+10%
Trainline Solutions181189+4%+4%
Total Group442453+2%+2%

Note: CCY = Constant Currency. Debt information is not available in the provided text.

This HTML code creates a styled table comparing the financials for FY2025 and FY2026, including Net Ticket Sales and Revenue for each segment and the total group. Since debt details are not provided in the text, a note is added to indicate this.
SWG logo SWG

£1.3m contract win with major UK telco

Shearwater Group plc

**Summary**
Shearwater Group PLC, a cybersecurity and managed security services provider, announced on March 12, 2026, that its subsidiary Brookcourt Solutions has secured a £1.3 million contract with a major UK telecommunications provider. Under the agreement, Brookcourt will supply and install an advanced network monitoring solution to enhance visibility, proactively monitor performance, and ensure the resilience of the telcos network infrastructure. The contract value will be fully recognized in FY26, bolstering Shearwaters financial performance. Phil Higgins, CEO of Shearwater, highlighted the win as a <mark style="background-color:yellow">test</mark>ament to Brookcourts technical expertise in supporting complex network environments. The deployment is expected to begin shortly, reinforcing Shearwaters growth strategy in the cybersecurity and managed services sector.
NewContract
RST logo RST

Full Year 2025 Results

Restore plc

**Summary of Restore PLCs Full Year 2025 Results**
**Financial Performance Highlights**
**Revenue Growth** Revenue increased by 27% to £304.7 million, primarily driven by the acquisition of Synertec and six bolt-on acquisitions.
**Adjusted Operating Profit** Adjusted operating profit rose by 18% to £55.5 million, with the adjusted operating margin improving to 20.8%, surpassing the medium-term target of 20%.
**Adjusted Profit Before Tax** Adjusted profit before tax grew by 22% to £40.6 million.
**Statutory Profit Before Tax** Statutory profit before tax decreased by 55% to £7.7 million due to significant acquisition-related costs.
**Net Debt** Net debt increased by 39% to £123.8 million, reflecting the impact of acquisitions.
**Dividend** The proposed final dividend increased by 19% to 6.9p per share.
**Strategic Highlights**
**Acquisitions** Acquired Synertec and six bolt-on acquisitions, expanding capabilities in inbound and outbound communications and strengthening market share in shredding. Two additional bolt-on acquisitions were added in early 2026.
**Disposal of Harrow Green** Disposed of Harrow Green, improving earnings visibility and Group margins, resulting in a loss from discontinued operations of £7.7 million.
**Integration and Consolidation** Completed the integration of digital and physical storage businesses, achieving annualized savings of over £5 million. The property consolidation program is in its final phase, with more than fifteen sites exited.
**Datashred Growth** Strong growth at Datashred, supported by bolt-on acquisitions, operational efficiencies, and a paper price contract.
**Technology Division Transformation** Continued transformation of the Technology division, positioned for double-digit margins in 2026.
**Shareholder Returns**
**Share Buyback** Announced a £20 million share buyback program over the next 12 months.
**Outlook**
**FY26 Expectations** Trading since the start of the year has been strong, with all divisions performing in line with or above expectations. Full-year adjusted profit before tax is expected to be slightly ahead of current market expectations.
**Growth Strategy** Well-positioned to deliver both organic and inorganic growth, with a focus on increasing the scale of the Group and delivering further value to shareholders.
**Key Metrics**
**Adjusted Basic Earnings Per Share** Increased by 23% to 22.5p.
**Cash Conversion** Cash conversion was 103%, with free cash flow of £42.9 million.
**Leverage** Leverage increased to 1.9x, within the target range of 1.5x-2.0x.
**Management Commentary**
**CEO Charles Skinner** Highlighted the achievement of the 20% medium-term margin target, strong cash generation, and the strategic focus on both organic and inorganic growth. Expressed confidence in sustaining adjusted operating margins above 20% and delivering further value to shareholders.
**Conclusion**
Restore PLC demonstrated significant improvement in financial performance, strategic advancements through acquisitions and integrations, and a commitment to shareholder returns. The company is well-positioned for future growth and margin sustainability.
Here is the comparison of financials and debt year on year presented as an HTML table:
Metric2024 (£m)2025 (£m)Change
Revenue240.0304.727%
Adjusted Operating Profit46.955.518%
Adjusted Operating Margin19.5%20.8%130bps
Adjusted Profit Before Tax33.240.622%
Statutory Profit Before Tax17.07.7(55%)
Net Debt89.0123.8(39%)
Leverage1.6x1.9x(0.3x)
Adjusted Basic Earnings Per Share (pence)18.3p22.5p23%
Statutory Basic Earnings Per Share (pence)8.8p1.0p(89%)
Dividend Per Share (pence)5.8p6.9p19%
**Key Observations:** - **Revenue Growth:** Revenue increased significantly by 27% from £240.0m in 2024 to £304.7m in 2025, primarily driven by acquisitions. - **Profitability Improvement:** Adjusted operating profit and adjusted profit before tax both increased, by 18% and 22% respectively, reflecting improved operational efficiency and contributions from acquisitions. - **Margin Expansion:** Adjusted operating margin improved by 130 basis points to 20.8%, surpassing the medium-term target of 20%. - **Debt Increase:** Net debt increased by 39% to £123.8m due to acquisitions, with leverage rising to 1.9x from 1.6x, still within the target range. - **Earnings Per Share:** Adjusted basic earnings per share increased by 23% to 22.5p, while statutory basic earnings per share decreased significantly due to acquisition-related costs. - **Dividend Growth:** Dividend per share increased by 19% to 6.9p, reflecting the company's strong cash generation and commitment to shareholder returns.
FAN logo FAN

Half Year Results

Volution Group plc

**Summary of Volution Group plcs Half-Year Results for the Six Months Ended 31 January 2026**
**Overview**
Volution Group plc, a leading international designer and manufacturer of energy-efficient indoor air quality solutions, reported strong first-half performance for FY26, with robust organic growth and margin expansion. The Group achieved total revenue growth of 21.7%, driven by organic growth of 4.2% (constant currency), inorganic growth of 16.4%, and a 1.1% favorable currency impact. Adjusted operating profit increased by 21.1% to £51.6 million, with margins slightly down to 22.6% due to the dilutive impact of the Fantech acquisition. The interim dividend was raised by 17.6% to 4.0 pence per share, reflecting confidence in the Groups prospects.
**Financial Highlights**
**Revenue**£228.7 million, up 21.7% (20.6% at constant currency).
**Adjusted Operating Profit**£51.6 million, up 21.1%.
**Adjusted Operating Margin**: 22.6%down 0.1 percentage points.
**Profit Before Tax**: £46.5 millionup 20.7%.
**Basic EPS**: 18.2 penceup 19.0%.
**Operating Cash Flow**£51.6 million, up 7.7%, with a cash conversion rate of 98%.
**Operational Highlights**
**Acquisitions**Completed the acquisition of AC Industries on 2 February 2026, strengthening the Groups position in Australasia and entering the gold and copper mining ventilation systems market.
**Organic Growth**All three regions (UK, Continental Europe, and Australasia) achieved organic revenue growth, with the UK up 3.8%, Continental Europe up 10.7% (5.3% at constant currency), and Australasia up 83.6% (87.8% at constant currency), primarily driven by the Fantech acquisition.
**Low Carbon Revenue**Increased to 72.1% of total revenue, reflecting continued growth in heat recovery and low-carbon solutions.
**Capex**£4.3 million, including investments in injection moulding capacity in the UK, metal fabrication in the Nordics, and facility expansion in North Macedonia.
**Regional Performance**
**UK**Revenue grew by 3.8% to £86.5 million, with adjusted operating profit up 6.2% to £22.7 million. Margins improved to 26.3% due to value engineering and operational excellence.
**Continental Europe**Revenue increased by 10.7% (5.3% at constant currency) to £75.4 million, with adjusted operating profit up 16.3% to £19.1 million. Margins rose to 25.3% due to low-carbon revenue growth.
**Australasia**Revenue surged by 83.6% (87.8% at constant currency) to £66.8 million, primarily due to the Fantech acquisition. Organic growth was 3.3% at constant currency. Adjusted operating profit increased by 75.3% to £13.6 million, with margins at 20.4%.
**Strategic Initiatives**
**Acquisition Strategy**The successful integration of Fantech and the acquisition of AC Industries highlight the Groups focus on inorganic growth.
**Management Strengthening**Continued to enhance regional management structures, with key appointments in the UK, Germany, and Group IT.
**Sustainability**Increased focus on low-carbon products and sustainability, with 72.1% of revenue from low-carbon solutions.
**Outlook**
The Group expects further strategic and operational progress in the second half of FY26, supported by regulatory tailwinds and market dynamics. Despite uncertainties in end markets, geographic diversity provides resilience. The Board anticipates adjusted earnings per share for FY26 to be at the top end of market forecasts (35.0p to 36.5p).
**Conclusion**
Volution Group plc delivered a strong first-half performance, underpinned by organic growth, strategic acquisitions, and operational excellence. The Group remains well-positioned to capitalize on regulatory tailwinds and market opportunities, with a focus on sustainability and long-term growth.
Here’s an HTML table comparing the financials and debt year-on-year for Volution Group PLC based on the provided text:
MetricH1 2026 (£m)H1 2025 (£m)Change %Notes
Revenue228.7187.8+21.7%Total revenue growth, including organic, inorganic, and currency impact.
Operating Profit51.642.6+21.1%Adjusted operating profit.
Operating Profit Margin22.6%22.7%-0.1ppAdjusted operating profit margin.
Profit Before Tax46.538.6+20.7%Adjusted profit before tax.
Basic EPS (pence)18.215.3+19.0%Adjusted basic earnings per share.
Operating Cash Flow51.647.9+7.7%Adjusted operating cash flow.
Net Debt (£m)185.7186.8-0.6%Net debt at period end, including bank borrowings and lease liabilities.
Debt Leverage (x)1.31.5-13.3%Net debt to adjusted EBITDA ratio.
Interim Dividend per Share (p)4.03.4+17.6%Interim dividend declared per share.
### Key Highlights: 1. **Revenue Growth**: Increased by 21.7%, driven by organic growth, inorganic acquisitions (e.g., Fantech and AC Industries), and favorable currency impact. 2. **Profitability**: Adjusted operating profit and profit before tax grew by 21.1% and 20.7%, respectively, despite margin dilution from acquisitions. 3. **Debt Position**: Net debt decreased slightly, and leverage improved to 1.3x from 1.5x, reflecting strong cash generation and disciplined financial management. 4. **Dividend**: Interim dividend increased by 17.6%, demonstrating confidence in the Group's prospects. This table provides a concise comparison of key financial and debt metrics between H1 2026 and H1 2025.
HLMA logo HLMA

Trading Update

Halma PLC

**Summary**
Halma plc, a global group of life-saving technology companies, released a trading update on March 12, 2026, ahead of its financial year-end on March 31, 2026. The company reports strong progress in the second half of the financial year, consistent with its upgraded guidance from November 2025. Key highlights include
1. **Financial Performance**
Expected mid-teens percentage organic constant currency revenue growth, driven by premium growth in photonics within the Environmental & Analysis Sector.
Adjusted EBIT margin of around 22% (excluding a one-off profit from the Nuvonic transaction).
Full-year cash conversion in line with the 90% KPI, supporting strategic investments and acquisitions.
2. **Market Conditions**
Varied end-market conditions and economic uncertainties, but broad-based growth across the Group due to its Sustainable Growth Model.
Order intake remains ahead of revenue and the comparable period last year.
3. **Acquisitions**
Completed five acquisitions in the year, totaling a record £451m in investment, with a healthy pipeline across all three sectors (Safety, Environment, Healthcare).
Notable acquisitions include E2S Group Ltd, Safetec Srl, and Altomed.
4. **Currency Impact**
Sterling appreciation is expected to negatively impact revenue by £63m and profit by £14m due to currency translation effects.
5. **Future Outlook**
On track to deliver the 23rd consecutive year of record Adjusted profit.
Full-year results will be released on June 11, 2026.
Halma remains focused on its purpose of growing a safer, cleaner, healthier future, with over 9,000 employees across more than 20 countries and a strong position in the FTSE 100 index.
The provided text does not contain specific financial or debt figures for a year-on-year comparison. However, I can extract the key financial highlights and acquisition details mentioned in the trading update and present them in an HTML table format for clarity. Here’s the HTML code for the table:
MetricDetails
Revenue Growth (Organic Constant Currency)Mid-teens percentage growth expected for FY 2026
Adjusted EBIT Margin (excluding one-off profit)Around 22% expected for FY 2026
Cash ConversionExpected to be in line with KPI of 90% for FY 2026
Currency Translation Impact (FY 2026 vs FY 2025)Expected negative impact: £63m on revenue, £14m on profit
Acquisitions (FY 2026 YTD)5 acquisitions completed, total investment: £451m (maximum total consideration)
Acquisition Details
  • E2S Group Ltd: £230m (December 2025)
  • Safetec Srl: €72.5m (£63m) (January 2026)
  • Altomed: £29m (February 2026)
One-off Profit (FY 2026)£8.6m from Nuvonic transaction (excluded from Adjusted EBIT margin guidance)
### Explanation: - **Revenue Growth**: Mid-teens percentage organic constant currency growth is expected for the financial year ending March 2026. - **Adjusted EBIT Margin**: Expected to be around 22%, excluding the one-off profit from the Nuvonic transaction. - **Cash Conversion**: Expected to meet the 90% KPI. - **Currency Translation Impact**: Sterling appreciation is expected to negatively impact revenue by £63m and profit by £14m compared to FY 2025. - **Acquisitions**: Five acquisitions were completed in the year to date, with a total investment of £451m. Details of three recent acquisitions are provided. - **One-off Profit**: A £8.6m one-off profit from the Nuvonic transaction is noted but excluded from the Adjusted EBIT margin guidance. Since there are no direct year-on-year financial figures provided in the text, the table focuses on the key highlights and expectations for FY 2026.
GEX logo GEX

Hussar EP513 Drill Contract Update

Georgina Energy PLC

**Summary**
Georgina Energy PLC provided an update on the Hussar EP513 drill contract, highlighting ongoing discussions with Ensign Energy regarding the supply of its Ensign 970 drilling rig. Ensign has until March 18, 2026, to respond to the standard contract, while Georgina continues to review other rig options. The company remains on track for civil engineering access and site works to commence in Q2 2026, with drill <mark style="background-color:yellow">test</mark>ing planned for Q3 2026. Georgina is working closely with Harlequin Energy and its partners following the signing of an off-take agreement, which will fund the drilling and field development. Preparatory works, including water well drilling rig access and road repairs, are progressing, supported by technical consultant Aztech Well Construction. The Hussar prospect, one of the largest subsalt Helium, Hydrogen, and Hydrocarbons prospects in onshore Australia, has a targeted drilling depth of approximately 2,800 meters. Georgina Energy aims to capitalize on the growing demand for hydrogen and helium, leveraging its strategic onshore interests in Australia.
NewContract
RSG logo RSG

Doropo Final Investment Decision Approved

Resolute Mining Limited

**Summary**
Resolute Mining Limited has formally approved the Final Investment Decision (FID) for its Doropo Gold Project in Côte dIvoire, marking a significant step toward construction and production. This decision aligns with Resolutes strategy to become a leading multi-asset gold producer in West Africa, aiming to exceed 500,000 ounces of annual gold production by 2028. The project, located in the Bounkani Region, boasts robust economics, a 13-year initial mine life, and strong financial metrics, including a post-tax NPV of US$2.54 billion and an IRR of 72%. Construction is set to begin in H1 2026, supported by Resolutes strong balance sheet with a net cash position of US$209 million as of December 2025. The project is expected to generate significant shareholder value while benefiting local communities and national partners. Resolute will continue evaluating funding options to maintain financial flexibility as the project progresses.
Approvals
FOG logo FOG

Falcon Oil & Gas Ltd. - Falcon Announces Shareholder Approval of Transaction with Tamboran

Falcon Oil & Gas Ltd.

**Summary**
Falcon Oil & Gas Ltd. announced on March 12, 2026, that its shareholders overwhelmingly approved (99.76% of votes cast) a transaction with Tamboran Resources Corporation. The transaction, structured as a plan of arrangement, involves Falcon, Tamboran, and related entities. Shareholder approval met the required thresholds, including a two-thirds majority and a simple majority excluding certain votes under regulatory requirements (MI 61-101).
Completion of the transaction is contingent on several conditions, including court approval, NYSE listing authorization for Tamboran’s common stock, absence of legal prohibitions, no material adverse changes, and standard closing conditions. If finalized by March 16, 2026, Falcon’s shares will be suspended from trading on AIM on March 17 and delisted on March 18. However, the timeline is subject to all conditions being met, with no guarantees.
The transaction excludes votes from Falcon’s CEO and CFO due to their significant shareholdings, as per regulatory requirements. Further details are available on SEDAR+ and Falcon’s website. The company cautioned that forward-looking statements regarding the transaction involve risks, including regulatory approvals, integration challenges, and market conditions. Falcon operates in unconventional oil and gas exploration, with assets in Australia, South Africa, and Hungary.
Approvals
ICGT logo ICGT

Director/PDMR Shareholding

ICG Enterprise Trust PLC

b) Nature of the transaction <mark style="background-color:yellow">Purchase</mark> of ordinary shares
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Acquisitions 2 news titles 2
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Approvals 3 news titles 3
ARS logo ARS

Regulatory Approval Received for KSK Transaction

Asiamet Resources Limited

**Summary**
Asiamet Resources Limited announced on March 12, 2026, that it has received Chinese regulatory approval from the State-owned Assets Supervision and Administration Commission (SASAC) for the sale of its interest in Indokal Limited, which holds a 100% indirect stake in the KSK Project, to Norin Mining (Hong Kong) Limited. This approval follows shareholder consent obtained in January 2026. Completion of the transaction remains contingent on fulfilling remaining conditions, including Indonesian regulatory processes. CEO Darryn McClelland highlighted this as a significant milestone toward finalizing the sale, with further updates expected soon. The announcement includes contact details for key executives and advisors, as well as a forward-looking statement disclaimer regarding potential risks and uncertainties.
Approvals
RSG logo RSG

Doropo Final Investment Decision Approved

Resolute Mining Limited

**Summary**
Resolute Mining Limited has formally approved the Final Investment Decision (FID) for its Doropo Gold Project in Côte dIvoire, marking a significant step toward construction and production. This decision aligns with Resolutes strategy to become a leading multi-asset gold producer in West Africa, aiming to exceed 500,000 ounces of annual gold production by 2028. The project, located in the Bounkani Region, boasts robust economics, a 13-year initial mine life, and strong financial metrics, including a post-tax NPV of US$2.54 billion and an IRR of 72%. Construction is set to begin in H1 2026, supported by Resolutes strong balance sheet with a net cash position of US$209 million as of December 2025. The project is expected to generate significant shareholder value while benefiting local communities and national partners. Resolute will continue evaluating funding options to maintain financial flexibility as the project progresses.
Approvals
FOG logo FOG

Falcon Oil & Gas Ltd. - Falcon Announces Shareholder Approval of Transaction with Tamboran

Falcon Oil & Gas Ltd.

**Summary**
Falcon Oil & Gas Ltd. announced on March 12, 2026, that its shareholders overwhelmingly approved (99.76% of votes cast) a transaction with Tamboran Resources Corporation. The transaction, structured as a plan of arrangement, involves Falcon, Tamboran, and related entities. Shareholder approval met the required thresholds, including a two-thirds majority and a simple majority excluding certain votes under regulatory requirements (MI 61-101).
Completion of the transaction is contingent on several conditions, including court approval, NYSE listing authorization for Tamboran’s common stock, absence of legal prohibitions, no material adverse changes, and standard closing conditions. If finalized by March 16, 2026, Falcon’s shares will be suspended from trading on AIM on March 17 and delisted on March 18. However, the timeline is subject to all conditions being met, with no guarantees.
The transaction excludes votes from Falcon’s CEO and CFO due to their significant shareholdings, as per regulatory requirements. Further details are available on SEDAR+ and Falcon’s website. The company cautioned that forward-looking statements regarding the transaction involve risks, including regulatory approvals, integration challenges, and market conditions. Falcon operates in unconventional oil and gas exploration, with assets in Australia, South Africa, and Hungary.
Approvals
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DirectorDealing 46 news titles 46
ONT logo ONT

Share Incentive Plan - Director/PDMR Shareholding

Oxford Nanopore Technologies Ltd

Under the SIP, the SIP Trustee will award each participating employee one Matching Share (as defined in the SIP) for each Ordinary Share <mark style="background-color:yellow">purchase</mark>d by the employee under the SIP. On 12 March 2026, the Company issued 121 Ordinary Shares to the SIP Trustee to hold on behalf of Nick Keher to satisfy the Matching Shares awarded under the SIP to him on that date.
LWI logo LWI

Director/PDMR Shareholding

Lowland Investment Co

<mark style="background-coloryellow">Purchase</mark> of ordinary class shares
CPI logo CPI

Director/PDMR Shareholding

Capita PLC

b) Nature of the transaction Market <mark style="background-color:yellow">Purchase</mark> of Ordinary Shares
CPI logo CPI

Director/PDMR Shareholding

Capita PLC

b) Nature of the transaction Market <mark style="background-color:yellow">Purchase</mark> of Ordinary Shares
CPI logo CPI

Director/PDMR Shareholding

Capita PLC

b) Nature of the transaction Market <mark style="background-color:yellow">Purchase</mark> of Ordinary Shares
SNX logo SNX

Director Dealings

Synectics plc

<mark style="background-coloryellow">Purchase</mark> of Ordinary Shares
ICGT logo ICGT

Director/PDMR Shareholding

ICG Enterprise Trust PLC

b) Nature of the transaction <mark style="background-color:yellow">Purchase</mark> of ordinary shares
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Launch 3 news titles 3
TCAP logo TCAP

Launch of sixth share buyback programme of £80m

TP ICAP Group PLC

**Summary**
TP ICAP Group plc announced the launch of its sixth share buyback programme, valued at £80 million, following the completion of its fifth £30 million buyback. The programme aims to reduce the companys capital and/or meet obligations under employee share schemes. Shares purchased that are not cancelled will have their dividend rights waived. The buyback underscores the Boards confidence in TP ICAPs future prospects, strong financial performance, and operational progress. The programme includes £50 million from the companys legal entities rationalisation programme, delivered ahead of schedule. Since 2023, TP ICAP has completed or announced £230 million in share buybacks.
The buyback will be conducted within pre-set parameters, adhering to shareholder authority granted at the 2025 Annual General Meeting, which allows the purchase of up to 10% of issued ordinary shares. The programme complies with UK and EU regulations, including the Financial Conduct Authoritys Listing Rules and the Market Abuse Regulation (MAR). TP ICAP has appointed Peel Hunt LLP to manage the buyback as a "matched principal," operating independently during closed periods. Transactions will be disclosed via RNS announcements and published on the companys website within seven days of execution.
TP ICAP, a leading wholesale market intermediary, operates globally in financial, energy, and commodities markets, providing broking services, data, analytics, and market intelligence from over 60 offices in 28 countries. The announcement includes forward-looking statements, noting potential variations in actual results. Contact details for enquiries are provided for the Group Company Secretary, analysts/investors, and media.
Launch
SOM logo SOM

Launch of 2026 Share Buyback Programme

Somero Enterprise Inc

**Summary**
Somero Enterprises Inc. announced the launch of its **2026 Share Buyback Programme** on March 12, 2026, authorizing the repurchase of up to **US$4.0 million** of its ordinary shares. The program, managed by Cavendish Capital Markets Limited, aims to reduce the companys share capital by canceling purchased shares. It will run until June 30, 2027, operating within pre-set parameters and independently of the company. The buyback reflects Someros disciplined approach to capital allocation, sustainable growth, and maintaining a strong balance sheet. The program complies with regulatory requirements, including Market Abuse Regulation (MAR), and may represent a significant portion of daily trading volume on the London Stock Exchange. Shareholders were informed that the buyback could exceed 25% of average daily traded volume, potentially impacting market dynamics.
Launch
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OPT logo OPT

Contract Win

Optima Health plc

Please provide the text you would like me to summarize. Im ready when you are!
NewContract
ABDX logo ABDX

$2.5m Contract for clinical self-test development

Abingdon Health Plc

**Summary**
Abingdon Health plc, a UK-based med-tech contract service provider, has secured a $2.5 million contract to develop a clinical self-<mark style="background-color:yellow">test</mark> for an undisclosed UK-based client. The 18-month project, starting in March 2026, involves end-to-end project management and technical support across feasibility, design, development, verification, and validation phases. This contract highlights Abingdon Healths expertise in rapid diagnostic tests, ISO 13485:2016 quality management, and regulatory compliance. The majority of revenues will be recognized in the financial year ending June 2027. Dr. Chris Hand, Executive Chairman, emphasized the companys strategic position in the point-of-contact diagnostics market and its ability to manage complex international programs. This award reinforces Abingdon Healths role as a leading CDMO/CRO service provider in the diagnostics sector.
NewContract
SWG logo SWG

£1.3m contract win with major UK telco

Shearwater Group plc

**Summary**
Shearwater Group PLC, a cybersecurity and managed security services provider, announced on March 12, 2026, that its subsidiary Brookcourt Solutions has secured a £1.3 million contract with a major UK telecommunications provider. Under the agreement, Brookcourt will supply and install an advanced network monitoring solution to enhance visibility, proactively monitor performance, and ensure the resilience of the telcos network infrastructure. The contract value will be fully recognized in FY26, bolstering Shearwaters financial performance. Phil Higgins, CEO of Shearwater, highlighted the win as a <mark style="background-color:yellow">test</mark>ament to Brookcourts technical expertise in supporting complex network environments. The deployment is expected to begin shortly, reinforcing Shearwaters growth strategy in the cybersecurity and managed services sector.
NewContract
GEX logo GEX

Hussar EP513 Drill Contract Update

Georgina Energy PLC

**Summary**
Georgina Energy PLC provided an update on the Hussar EP513 drill contract, highlighting ongoing discussions with Ensign Energy regarding the supply of its Ensign 970 drilling rig. Ensign has until March 18, 2026, to respond to the standard contract, while Georgina continues to review other rig options. The company remains on track for civil engineering access and site works to commence in Q2 2026, with drill <mark style="background-color:yellow">test</mark>ing planned for Q3 2026. Georgina is working closely with Harlequin Energy and its partners following the signing of an off-take agreement, which will fund the drilling and field development. Preparatory works, including water well drilling rig access and road repairs, are progressing, supported by technical consultant Aztech Well Construction. The Hussar prospect, one of the largest subsalt Helium, Hydrogen, and Hydrocarbons prospects in onshore Australia, has a targeted drilling depth of approximately 2,800 meters. Georgina Energy aims to capitalize on the growing demand for hydrogen and helium, leveraging its strategic onshore interests in Australia.
NewContract
Offers 3 news titles 3
Offtake 1 news title 1
SVML logo SVML

Sovereign Signs Rutile Offtake MoU with Mitsui

Sovereign Metals Ltd

**Summary**
Sovereign Metals Limited announced on March 12, 2026, the signing of a non-binding Memorandum of Understanding (MOU) with Mitsui & Co. for the offtake of natural rutile from its Kasiya Rutile-Graphite Project in Malawi. The MOU outlines a framework for supplying up to 70,000 tonnes per year of high-grade rutile concentrate (TiO₂ >95%) to Japan’s titanium industry over an initial four-year period, with a potential five-year extension. This agreement aligns with global efforts to secure critical mineral supply chains, particularly highlighted by the inaugural US Critical Minerals Ministerial and joint initiatives between the US, EU, and Japan to enhance supply chain resilience.
Japan, the world’s second-largest titanium producer after China, relies heavily on natural rutile as a key feedstock for its high-performance titanium manufacturing, which serves aerospace, defense, and advanced industries. The MOU underscores Mitsui’s strategic interest in securing reliable rutile supply from Kasiya, the world’s largest natural rutile deposit. Sovereign’s product has already been validated by Toho Titanium for high-specification titanium production.
The agreement comes amid heightened global focus on critical minerals, with the US, EU, and Japan collaborating on trade policies, border-adjusted price floors, and a preferential trade framework to mitigate supply chain vulnerabilities. Sovereign’s Managing Director, Frank Eagar, emphasized the MOU’s significance in this context, positioning the company as a cornerstone of diversified, Western-aligned titanium feedstock supply.
Key terms include an indicative volume of up to 70,000 tonnes annually, a four-year initial supply period (starting 2030), and market-based pricing. The MOU is non-binding but reflects mutual intent to negotiate a formal sales agreement, subject to existing agreements with Rio Tinto and the International Finance Corporation. The MOU is effective for two years.
Offtake
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SVS logo SVS

Final Results

Savills

**Summary of Savills PLC Final Results for the Year Ended 31 December 2025**
Savills PLC, a global real estate advisor, reported strong financial results for the year ended 31 December 2025, highlighting resilience and accelerating momentum across its operations.
**Financial Highlights**
**Group Revenue** Increased by 6.1% to £2,551 million (2024: £2,404 million), with 8% growth in constant currency.
**Underlying Profit Before Tax** Rose by 11.4% to £145.3 million (2024: £130.4 million).
**Reported Profit Before Tax** Grew by 14.4% to £101.0 million (2024: £88.3 million).
**Underlying Basic EPS** Increased by 16.6% to 77.2p (2024: 66.2p).
**Reported Basic EPS** Surged by 32.0% to 52.0p (2024: 39.4p).
**Total Dividend per Share** Increased by 11.9% to 33.8p (2024: 30.2p).
**Net Cash** Decreased slightly by 4.9% to £167.7 million (2024: £176.3 million).
**Key Highlights**
**Revenue Growth** All four business areas and three regions reported year-on-year growth. Transactional business revenue grew by 4% (6% in constant currency), while Less Transactional businesses grew by 8% (9% in constant currency).
**Profit Growth** Underlying profit before tax increased by 11%, with Transactional profits up 13% and Less Transactional profits up 15%, reflecting operational gearing and restructuring benefits.
**Dividend Increase** The Board recommended a final ordinary dividend of 15.7p per share and a 24% increase in the supplemental dividend to 10.7p per share, totaling 33.8p per share.
**Leadership Succession** CEO and CFO succession was completed with Simon Shaw as Group Chief Executive and Nick Sanderson as Group Chief Financial Officer.
**Outlook**
Despite challenges like the conflict in the Middle East, Savills expects continued momentum in global real estate markets. The Group anticipates progressive growth in investment activity across key markets, supported by strong transactional pipelines and operational leverage.
**Strategic Priorities**
1. **Real Estate Investment Banking (REIB):** Scaling the REIB operation to improve profitability.
2. **Less Transactional Businesses** Driving growth through organic expansion and selective investments.
3. **International Operations** Broadening services and improving profitability in key markets.
4. **Prime Residential Advisory** Expanding global prime residential services.
5. **Savills Investment Management (IM)** Growing as an investment and outsourced asset manager.
**Market Conditions**
Global commercial property investment rose by 15% in 2025, led by the US. The UK saw modest growth, while Europe experienced gradual improvement. The Middle East remained supportive, and North America saw strengthening office leasing activity.
**Business Development**
Savills strengthened its position through acquisitions like Osborne King in Ireland, Hoffman in North America, and Alpina in Singapore, enhancing its integrated service offerings.
**Technology and Innovation**
Investments in proprietary technology platforms and AI strategies aim to enhance service efficiency and client insights, with a focus on human oversight and governance.
**Board Changes**
Mark Ridley retired as Group Chief Executive, succeeded by Simon Shaw. Nick Sanderson joined as Group Chief Financial Officer.
**Dividend Policy**
The bifurcated dividend policy continues, with a progressive basic ordinary dividend and a supplemental dividend tied to transactional performance.
**Conclusion**
Savills PLC demonstrated robust performance in 2025, driven by diversified business lines and strategic initiatives. The Group is well-positioned for continued growth, supported by strong market positions, technological advancements, and a clear strategic vision.
Here is the HTML table code comparing the financials and debt year on year for Savills PLC:
MetricFY25 (£m)FY24 (£m)Change
Group Revenue2,5512,404+6.1%
Underlying Profit Before Tax145.3130.4+11.4%
Reported Profit Before Tax101.088.3+14.4%
Net Cash (as at 31 December)167.7176.3-4.9%
Borrowings (Non-current)128.7119.6+7.6%
Borrowings (Current)48.041.3+16.2%
Total Borrowings176.7160.9+9.8%
**Key Observations:** * **Revenue Growth:** Savills PLC experienced a 6.1% increase in group revenue from FY24 to FY25, indicating strong performance across all business areas and regions. * **Profitability Improvement:** Underlying profit before tax increased by 11.4%, while reported profit before tax grew by 14.4%, showcasing improved operational efficiency and benefits from prior year restructuring. * **Net Cash Decrease:** Net cash decreased by 4.9%, primarily due to increased borrowings and acquisitions. * **Debt Increase:** Total borrowings increased by 9.8%, with both non-current and current borrowings rising, indicating a shift towards higher leverage. This table provides a concise comparison of key financials and debt metrics for Savills PLC, highlighting areas of growth, profitability, and changes in debt levels.
BPT logo BPT

Final Results

Bridgepoint Group Plc

**Summary**
Bridgepoint Group plc, a private equity, credit, and infrastructure fund manager, reported strong financial performance for the year ended December 31, 2025, with key highlights including
**Financial Performance** Underlying management fees and other income grew by 13.0% to £427.7 million, and performance-related earnings (PRE) increased by 9.5% to £151.6 million. EBITDA margin stood at 52.6%.
**Capital Deployment and Returns** Deployed €7.8 billion of capital and returned €8.1 billion to fund investors, exceeding drawn commitments.
**Fundraising** On track to meet the €24 billion fundraising target by the end of 2026, with €14 billion already raised.
**Assets Under Management (AUM)** AUM increased by 24.5% to $94.1 billion, driven by successful fundraising and strong fund performance.
**Strategic Progress** Entered the secondaries market with the addition of Newbury Bridgepoint, expanding capabilities and diversifying income streams.
**Dividend and Share Buyback** Proposed a final dividend of 4.7 pence per share and extended the share buyback program to May 2027.
**Outlook** Positive transaction pipeline for 2026 and beyond, with a focus on continued growth in fundraising and capital deployment.
**Key Financial Metrics (in £ million, unless otherwise stated):**
**Underlying Management Fees and Other Income:** £427.7 (2024: £404.0)
**PRE** £151.6 (2024: £138.5)
**Underlying EBITDA** £304.8 (2024: £292.0)
**Profit Before Tax** £85.7 (2024: £80.7)
**Total AUM** $94.1 billion (2024: $75.6 billion)
**Fee Paying AUM** €38.8 billion (2024: €38.7 billion)
**Strategic Initiatives**
**Secondaries Market Entry** Acquired Newbury Partners to establish a presence in the fast-growing secondaries segment.
**Wealth Product Launch** Introduced Bridgepoint Generations, a globally diversified middle-market direct private equity offering for the private wealth channel.
**M&A and Integration** Continued focus on platform-enhancing acquisitions and effective integration to support long-term growth.
**Future Outlook**
**Fundraising** Expects to close fundraising for flagship infrastructure and direct lending funds in H2 2026 and continue BE VIII fundraising into 2027.
**Deployment and Exits** Strong pipeline for both capital deployment and portfolio company exits, with multiple exits planned for 2026.
**Geographic Expansion** Continued focus on the Middle East and other regions to diversify capital sources and enhance global reach.
**Conclusion**
Bridgepoint Group plc demonstrated robust financial and operational performance in 2025, underpinned by successful fundraising, strong fund performance, and strategic initiatives. The company is well-positioned for continued growth, with a healthy pipeline of investments and exits, and a clear strategy to expand its global footprint and diversify its product offerings.
To compare the financials and debt year on year, we need to extract the relevant data from the text and present it in a table format. Here's the HTML table code:
Metric2024 (Pro forma)2025Change (%)
Total AUM ($bn)N/A94.1N/A
Total AUM (€bn)N/A80.3N/A
Fee Paying AUM (€bn)38.738.80.3%
Fee Paying AUM ($bn)40.145.513.5%
Underlying management and other income (£m)404.0427.75.9%
Underlying total operating income (£m)542.5579.36.8%
Total expenses (excluding exceptional expenses, adjusted items and personnel expenses excluded from FRE) (£m)(248.7)(271.3)9.1%
Underlying EBITDA (£m)292.0304.84.4%
Underlying EBITDA margin (%)53.8%52.6%(1.20)ppt
FRE (£m)155.3156.40.7%
PRE (£m)138.5151.69.5%
Underlying profit before tax (excluding FX) (£m)249.8251.50.7%
Underlying profit before tax (£m)237.5248.34.5%
Profit before tax (£m)150.085.7(42.9%)
Underlying profit after tax (£m)211.9219.33.5%
Profit after tax (£m)124.456.7(54.4%)
Basic EPS (pence)15.15.0(66.9%)
Underlying basic EPS (pence)25.726.53.1%

Debt Comparison

Metric20242025Change (%)
Borrowings (excluding capitalised facility costs)(490.3)(456.1)(7.0%)
Net (debt)/ cash (excluding cash belonging to consolidated CLOs and structured fund vehicles attributable to third-party investors (restricted use))(399.5)(262.6)(34.3%)
Note: The debt comparison table only includes the available data on borrowings and net debt/cash. The text does not provide a direct comparison of other debt-related metrics year on year. This HTML code creates two tables: one for financial comparisons and another for debt comparisons. The tables include the metrics, values for 2024 (pro forma) and 2025, and the percentage change between the two years.
FSJ logo FSJ

Preliminary results for the year ended 31 Dec 2025

James Fisher and Sons PLC

**Summary of James Fisher and Sons plc Preliminary Results for the Year Ended 31 December 2025**
James Fisher and Sons plc, a leading marine services company, reported preliminary results for FY2025, highlighting significant financial and strategic progress despite challenging market conditions.
**Financial Highlights**
**Revenue Growth** Revenue increased by 4.3% to £377.2 million (underlying, adjusted for disposals and staged closures).
**Underlying Operating Profit** Surged by 56.3% to £28.6 million, driven by cost actions, improved Defence execution, and recovery in previously underperforming businesses.
**Operating Margin** Improved by 250 basis points to 7.6%, reflecting operational efficiencies and strategic initiatives.
**Net Debt Reduction** Net debt decreased to £54.4 million, with covenant leverage at 1.3x, comfortably within the target range.
**Return on Capital Employed (ROCE)** Increased by 250 basis points to 8.6%, moving closer to the medium-term target of 15%.
**Strategic Progress**
**Portfolio Simplification** Continued simplification of the portfolio through further disposals and staged closures, focusing on core businesses.
**Defence Capabilities** Strengthened Defence capabilities led to a replenished orderbook and growing pipeline, with a focus on specialist capabilities.
**Product Development** Developed six new products and increased targeted development investment to support future growth.
**Operational Efficiency** Improved execution and cost discipline across all divisions, leading to margin expansion.
**Market Conditions and Outlook**
**Defence** Strong demand aligned with the companys specialist capabilities, supported by increased global defence spending.
**Energy** Signs of structural recovery in the energy market, though short-term conditions remain volatile due to geopolitical uncertainties.
**Maritime Transport** Expected benefits from new build vessels starting in 2027 and selective expansion in Fendercare.
**2026 Outlook** Trading has started the year in line with management expectations, with the Board confident in delivering further progress towards medium-term financial targets of a 10% underlying operating profit margin and 15% ROCE.
**CEO Commentary**
Jean Vernet, CEO, emphasized the turning point in 2025, marked by strategic focus, simplification, and operational improvements. The companys efforts have laid a strong foundation for sustainable growth, with a clear pathway towards achieving medium-term financial targets.
**Financial Performance by Division**
**Energy** Revenue declined by 23.6% to £158.6 million due to disposals and staged closures, but underlying operating profit improved by 23.1% to £17.6 million, driven by turnaround initiatives.
**Defence** Revenue grew by 10.9% to £88.8 million, with underlying operating profit increasing by 189.5% to £5.5 million, supported by strong demand and improved execution.
**Maritime Transport** Revenue was stable at £147.0 million, with underlying operating profit rising by 44.4% to £20.8 million, reflecting improved profitability and operational efficiency.
**Balance Sheet and Liquidity**
**Net Assets** Decreased slightly to £187.3 million, primarily due to reductions in working capital offset by increases in intangible assets.
**Liquidity** Maintained a strong liquidity position with £37.0 million, well above the minimum target of £20.0 million.
**Future Focus**
The company remains focused on scaling its operations, integrating its supply chain, and investing in new products and technologies to drive growth across its core geographies. Despite macroeconomic and geopolitical uncertainties, James Fisher is well-positioned to capitalize on emerging opportunities in Defence, Energy, and Maritime Transport.
**Conclusion**
James Fisher and Sons plc demonstrated resilience and strategic agility in 2025, achieving significant financial and operational improvements. With a strengthened portfolio, enhanced capabilities, and a clear growth strategy, the company is poised for continued progress in 2026 and beyond, aiming to deliver long-term value for stakeholders.
Here is the HTML table code comparing the financials and debt year on year for James Fisher and Sons plc:
Metric20252024Change
Revenue (£m)394.4437.7-9.9%
Operating Profit (£m)16.173.1-78.0%
Profit Before Tax (£m)4.354.0-92.0%
Net Debt (£m)54.456.1-3.0%
Net Debt - Covenant Basis (£m)61.061.0n/a
Underlying Revenue (£m)377.2361.74.3%
Underlying Operating Profit (£m)28.618.356.3%
Underlying Operating Margin7.6%5.1%250 bps
Return on Capital Employed (ROCE)8.6%6.1%250 bps
**Key Observations:** * **Revenue Decline:** Reported revenue decreased by 9.9% from 2024 to 2025, primarily due to reductions in Energy and Maritime Transport following prior year disposals and staged closures. * **Profitability Pressure:** Operating profit and profit before tax saw significant declines in 2025 compared to 2024, largely due to the absence of significant gains on disposals recognized in the previous year. * **Debt Reduction:** Net debt decreased slightly by 3.0% from 2024 to 2025, indicating a focus on debt management. * **Underlying Improvement:** Underlying revenue, operating profit, and margins showed improvement in 2025, suggesting progress in the company's turnaround efforts. * **ROCE Increase:** Return on Capital Employed increased significantly, reflecting improved operational efficiency and asset utilization.
ALFA logo ALFA

Full Year Results for year ended 31 December 2025

Alfa Financial Software Holdings PLC

**Summary of Alfa Financial Software Holdings PLCs Full Year Results for 2025**
**Financial Performance**
**Revenue Growth** Revenue increased by 15% to £126.7 million in 2025, driven by a 16% growth in subscription revenues, which reached £43.6 million.
**Profitability** Operating profit rose by 17% to £40.1 million, with an operating margin of 31.6%. Profit before tax also increased by 18% to £40.1 million.
**Earnings Per Share (EPS)** Basic EPS grew by 17% to 10.19 pence, and diluted EPS increased by 18% to 10.14 pence.
**Cash Generation** Strong cash generation continued, with a 97% free cash flow conversion rate. Cash reserves increased to £26.4 million.
**Strategic Highlights**
**Subscription Revenue Growth** Subscription revenues grew by 16%, becoming the fastest-growing revenue stream. Annual Recurring Revenue (ARR) increased by 15% to £43.9 million.
**Customer Expansion** Alfa Cloud customers increased to 22, up from 21 in 2024. Net Revenue Retention (NRR) improved to 109%, reflecting strong customer retention and expansion.
**Product Development** Invested £37.7 million in product development, focusing on US Auto Originations, Fleet, and Commercial Finance, to expand market reach and addressable markets.
**Sales and Delivery Momentum** Strong late-stage pipeline with 10 prospects, 5 of which are working under letters of engagement. Delivered 35 go-lives, demonstrating robust delivery execution.
**Employee Growth and Retention** Average headcount increased by 6% to 516, with a high staff retention rate of 97%.
**Dividends**
**Ordinary Dividend** Increased to 1.5 pence per share, up 7% from the previous year.
**Special Dividend** Declared a special dividend of 3.1 pence per share, up 29% from the previous year, reflecting confidence in future performance.
**Outlook**
**Revenue Growth** Expects strong subscription revenue growth and good delivery revenue growth in 2026, despite currency headwinds and macro uncertainty.
**US Market** The US business now accounts for 45% of revenues, creating a headwind for reported results due to current exchange rates.
**Pipeline Strength** Maintains a healthy sales pipeline, with good activity in the early stages, indicating continued demand for Alfas software solutions.
**CEO Commentary**
Andrew Denton, CEO, highlighted exceptional operational and financial performance, achieving a "Rule of 40" target with 17% constant currency revenue growth and a 32% operating profit margin. He emphasized strategic progress in subscription revenues, product development, and AI integration, positioning Alfa for continued growth and market expansion.
**Conclusion**
Alfa Financial Software Holdings PLC delivered strong financial and operational results in 2025, with significant growth in subscription revenues, robust profitability, and strategic advancements in product development and market expansion. The company remains confident in its future prospects, supported by a healthy pipeline and continued investment in innovation.
Here is the HTML table code comparing the financials and debt year on year for Alfa Financial Software Holdings PLC:
Metric2025 (£m)2024 (£m)Change (%)
Revenue126.7109.915%
Operating Profit40.134.317%
Profit Before Tax40.134.118%
Cash26.420.529%
Total Contract Value (TCV)227.5221.33%
Debt000%
**Notes:** * The table includes key financial metrics such as revenue, operating profit, profit before tax, cash, total contract value (TCV), and debt. * The "Change (%)" column shows the percentage change between 2025 and 2024 for each metric. * The debt column shows that Alfa Financial Software Holdings PLC has no bank debt in both 2025 and 2024. This table provides a concise comparison of the company's financial performance and debt position between 2025 and 2024.
91SN logo 91SN

DP World Limited announces FY2025 Results

Dp World Sukuk Limited

**Summary of DP World Limited FY2025 Results**
DP World Limited reported record financial results for FY2025, with **revenue surging 22.0% to $24.4 billion** and **adjusted EBITDA rising 18.0% to $6.4 billion**, driven by strong performance in Ports & Terminals and Logistics. The company achieved a **26.3% adjusted EBITDA margin** and a **32.2% increase in profit to nearly $2.0 billion**, reflecting operational efficiency and disciplined cost management.
**Key Highlights**
1. **Revenue Growth** Ports & Terminals revenue per TEU increased by 8.5% on a like-for-like basis, with strong contributions from the UAE, Middle East, Africa, Europe, and the Americas.
2. **Strategic Investments** Capital expenditure of $3.1 billion was allocated to key growth markets, including Jebel Ali (UAE), London Gateway (UK), and Tuna Tekra (India), expanding port capacity to 109 million TEU.
3. **Logistics Expansion** The customer-centric logistics platform, serving 45,000+ customers, represents ~50% of global GDP and over 80% of Group logistics revenues.
4. **Sustainability Progress** Achieved a **14% reduction in Scope 1 and 2 carbon emissions** and increased renewable electricity to **67% of total global usage**.
5. **Regional Performance**
**Middle East, Europe, and Africa** Revenue grew 20.1% to $16.7 billion, with adjusted EBITDA up 22.4% to $5.1 billion.
**Asia Pacific and India** Revenue increased 26.4% to $3.6 billion, with adjusted EBITDA at $748 million.
**Australia and Americas** Revenue rose 26.3% to $4.1 billion, with adjusted EBITDA up 14.5% to $1.3 billion.
6. **Jebel Ali Update** The port remains fully operational, but regional security issues have temporarily reduced inbound vessel traffic. Mitigation measures are in place.
7. **Financial Strength** Cash generated from operations increased 14.0% to $6.3 billion, and net leverage remained stable at **3.4x** (pre-IFRS16).
**Leadership Commentary**
Group Chairman H.E. Essa Kazim and Group CEO Yuvraj Narayan emphasized DP World’s resilience amid geopolitical challenges, highlighting its diversified portfolio, integrated platform, and focus on high-yield cargo. The company remains confident in the long-term outlook for global trade and is committed to sustainable, customer-centric solutions.
**Future Outlook**
DP World plans to invest up to $3.0 billion in 2026, focusing on strategic locations like Jebel Ali, Jeddah, and London Gateway. Despite near-term uncertainties, the company is well-positioned to capitalize on emerging trade corridors and regionalization trends, aiming for long-term sustainable growth.
Here’s the HTML table code comparing the financials and debt year-on-year for DP World Limited based on the provided text:
Metric2025 (USD million)2024 (USD million)% ChangeLike-for-like at Constant Currency % Change
Revenue24,42220,02322.0%13.4%
Adjusted EBITDA6,4305,45018.0%16.8%
Adjusted EBITDA Margin26.3%27.2%(0.9%)28.0%
Profit for the Year1,9601,48332.2%31.8%
Profit Attributable to Owners1,07275142.7%-
Cash Generated from Operating Activities6,3005,50014.0%-
Net Debt (Pre-IFRS16)17,90015,30017.0%-
Net Debt (Post-IFRS16)25,90022,40015.6%-
Net Leverage (Pre-IFRS16)3.4x3.4x0.0%-
Net Leverage (Post-IFRS16)4.0x4.1x(2.4%)-
Capital Expenditure3,1002,20040.9%-
### Key Notes: 1. **Revenue and EBITDA**: Both revenue and adjusted EBITDA saw significant growth in 2025 compared to 2024, driven by strong performance in Ports & Terminals and Logistics. 2. **Profitability**: Profit for the year increased by 32.2%, reflecting strong top-line performance and disciplined cost management. 3. **Debt and Leverage**: Net debt increased year-on-year, primarily due to higher lease and service concession liabilities. However, net leverage remained stable at 3.4x on a pre-IFRS16 basis. 4. **Cash Flow**: Cash generated from operating activities increased by 14.0%, highlighting robust cash generation. 5. **Capital Expenditure**: Capital expenditure increased significantly in 2025, with a focus on strategic investments across key growth markets. This table provides a concise comparison of key financial and debt metrics for DP World Limited between 2024 and 2025.
CCC logo CCC

Final Results 2025

Computacenter PLC

**Summary of Computacenter PLCs 2025 Final Results**
**Financial Performance Highlights**
**Revenue Growth** Computacenter PLC reported a 32.0% increase in revenue to £9,193.9 million in 2025, driven by strong performance in Technology Sourcing and Services.
**Gross Profit** Gross profit rose by 10.5% to £1,144.1 million, despite a decline in gross margin due to high-volume Technology Sourcing activity in North America.
**Adjusted Operating Profit** Adjusted operating profit increased by 11.3% to £274.7 million, with significant growth in North America and the UK, partially offset by weaker performance in France.
**Adjusted Profit Before Tax** Adjusted profit before tax grew by 7.1% to £272.0 million.
**Dividend** The final dividend was increased by 7.6%, bringing the total dividend growth to 5.5% at 74.6p per share.
**Regional Performance**
**North America** Outstanding performance with both enterprise and hyperscale customers, leading to nearly doubled profits and accounting for nearly 40% of the Group’s adjusted operating profit.
**UK** Returned to growth, benefiting from a more targeted approach and greater customer proximity.
**Germany** Delivered a stronger second half, supported by public sector recovery, achieving a result similar to 2024.
**France** Disappointing performance due to reduced hardware volume in the public sector and challenging market conditions.
**Strategic and Operational Highlights**
**Customer Growth** Added 27 major customers, reaching a total of 215, the highest growth in five years.
**Professional Services** Strong revenue growth of 8.8% in constant currency, driven by the UK and North America.
**Managed Services** Modest decline in revenue, with an improved pipeline of opportunities.
**Product Order Backlog** Increased to £7.1 billion, up 200.3% year-on-year, driven by strong Technology Sourcing orders in North America and the UK.
**Capital Allocation**
**Investments** £46.2 million invested in Group-wide initiatives to improve capabilities and secure future growth.
**Acquisition** Completed the acquisition of AgreeYa for US$120 million, enhancing professional services capabilities in North America and India.
**Dividend Policy** Maintained a dividend cover of 2-2.5x adjusted diluted EPS, with a 5.5% increase in total dividend.
**Outlook**
**Strong Position** Exited 2025 with a record committed product order backlog of £7.1 billion across all geographies.
**Challenges** Aware of macroeconomic uncertainties, hardware component shortages, and political environment but confident in navigating these challenges.
**Expectations** Anticipate further strategic and financial progress in 2026, enhanced by the AgreeYa acquisition.
**CEO Commentary**
Mike Norris, CEO, highlighted the strong performance in 2025, driven by growth in major customers and both Technology Sourcing and Services. He emphasized the outstanding performance in North America, the return to growth in the UK, and the plans to improve performance in France. Norris also noted the strong cash generation and strategic acquisitions, positioning the company well for 2026.
**Financial Metrics**
**Adjusted Net Funds** Increased by 25.7% to £606.0 million, reflecting strong cash generation.
**Net Funds** Rose by 20.8% to £426.2 million.
**Operating Profit** Increased by 1.4% to £241.2 million.
**Profit Before Tax** Decreased by 2.5% to £238.5 million due to exceptional items.
**Strategic Focus**
**Target Market Customers** Focus on large corporate and public sector organizations.
**Service Line Scale** Build competitive advantage in Technology Sourcing, Professional Services, and Managed Services.
**Empower People** Enhance customer-facing capabilities and operational efficiency.
**Conclusion**
Computacenter PLC demonstrated robust financial and operational performance in 2025, with significant growth in key regions and strategic initiatives. Despite challenges, the company is well-positioned for continued progress in 2026, supported by a strong order backlog, strategic acquisitions, and a focus on customer relationships and operational efficiency.
Here is the HTML table code comparing the financials and debt year on year for Computacenter PLC:
Metric2025 (£m)2024 (£m)Change
Revenue9,193.96,964.832.0%
Gross Profit1,144.11,035.010.5%
Adjusted Operating Profit274.7246.711.3%
Adjusted Profit Before Tax272.0254.07.1%
Net Cash Inflow from Operating Activities293.6417.1(29.6%)
Adjusted Net Funds606.0482.225.7%
Net Funds426.2352.720.8%
Total Bank Loans(22.5)(7.4)204.1%
Lease Liabilities(179.8)(129.5)38.8%
**Key Observations:** * **Revenue Growth:** Computacenter PLC experienced significant revenue growth of 32.0% from 2024 to 2025, reaching £9,193.9 million. * **Profitability Improvement:** Adjusted operating profit and adjusted profit before tax both increased, by 11.3% and 7.1% respectively, indicating improved operational efficiency. * **Cash Flow Decline:** Net cash inflow from operating activities decreased by 29.6%, which could be a concern if it continues. * **Increased Debt:** Both total bank loans and lease liabilities increased significantly, indicating higher debt levels. * **Stronger Net Funds:** Despite increased debt, adjusted net funds and net funds both increased, suggesting the company still has a solid financial position.
INF logo INF

Final Results

Informa PLC

Informa PLC, a global B2B Live Events, B2B Digital Services, and Academic Markets Group, reported strong financial results for 2025, with record revenues and adjusted operating profit. Key highlights include
**Financial Performance**
Revenue increased by 13.7% to £4,041.4 million, with adjusted operating profit rising by 14.6% to £1,139.8 million.
Free cash flow grew by 9.0% to £884.8 million, driven by operating profit growth and focused cash management.
Adjusted diluted earnings per share increased by 11.0% to 55.6p, marking the fifth consecutive year of double-digit growth.
**Strategic Initiatives**
The company confirmed £620 million in cash returns for 2025 and accelerated share buybacks in 2026, starting with a minimum commitment of £200 million, later increased to £250 million.
Informas growth strategy, "One Informa," focuses on brand value extension, AI integration, customer experience enhancement, and data-led marketing, aiming to maximize the growth and value of its B2B platform.
**Segment Performance**
**B2B Live Events** Underlying revenue growth of 9.5%, with strong performances in Healthcare and Food sectors.
**Academic Markets (Taylor & Francis)** Delivered 3.6% underlying revenue growth, excluding non-recurring data access contracts, with a focus on expanding the journal portfolio and targeting new customer segments.
**B2B Digital Services (Informa TechTarget):** A foundational year with a focus on delivering positive growth in 2026, leveraging proprietary data and a broad product offer.
**Future Outlook**
Informa targets consistent 5%+ underlying revenue growth over the next three years, faster underlying profit growth, and 8%+ underlying EPS growth.
For 2026, the company aims for 6%± underlying revenue growth, with B2B Live Events targeting 7%+ growth, and double-digit underlying EPS growth.
**Sustainability and Governance**
Continued commitment to sustainability, recognized through inclusion in the Dow Jones Sustainability Index for the eighth consecutive year, achieving AAA ESG Rating from MSCI, and an A- CDP Score.
**Board and Corporate Updates**
Andy Ransom appointed to the Audit Committee, and the company announced a partnership with Dubai World Trade Centre to launch a new operating business, inD, in the IMEA region.
Informas 2025 results demonstrate robust financial health, strategic growth initiatives, and a commitment to sustainability and shareholder value, positioning the company for continued success in 2026 and beyond.
Here is the comparison of financials and debt year on year presented as an HTML table:
Metric2025 (£m)2024 (£m)Change (£m)Change (%)
Revenue4,041.43,553.1488.313.7%
Adjusted Operating Profit1,139.8995.0144.814.6%
Free Cash Flow884.8812.172.79.0%
Net Debt (incl. IFRS 16)3,066.23,201.8(135.6)(4.2%)
Adjusted Diluted EPS (p)55.650.15.511.0%
Full Year Dividend per Share (p)22.020.02.010.0%
### Key Observations: 1. **Revenue Growth**: Revenue increased by 13.7% from £3,553.1m in 2024 to £4,041.4m in 2025, driven by strong performance across all segments, particularly B2B Live Events. 2. **Adjusted Operating Profit Growth**: Adjusted operating profit grew by 14.6% from £995.0m in 2024 to £1,139.8m in 2025, reflecting improved margins and cost management. 3. **Free Cash Flow Improvement**: Free cash flow increased by 9.0% from £812.1m in 2024 to £884.8m in 2025, supported by higher operating profit and working capital inflows. 4. **Net Debt Reduction**: Net debt decreased by 4.2% from £3,201.8m in 2024 to £3,066.2m in 2025, despite significant shareholder returns. 5. **EPS Growth**: Adjusted diluted earnings per share increased by 11.0% from 50.1p in 2024 to 55.6p in 2025, marking the fifth consecutive year of double-digit growth. 6. **Dividend Increase**: The full-year dividend per share rose by 10.0% from 20.0p in 2024 to 22.0p in 2025, reflecting the company's commitment to shareholder returns. This table provides a clear year-on-year comparison of key financial metrics and debt levels for Informa PLC.
OCI logo OCI

Final Results for the Year Ended 31 December 2025

Oakley Capital Investments Limited

**Summary of Oakley Capital Investments Limited (OCI) Final Results for the Year Ended 31 December 2025**
Oakley Capital Investments Limited (OCI) announced its final results for 2025, highlighting strong performance and strategic positioning for future growth. OCI, a listed investment company, achieved a 10-year share price total return of **+362%**, outperforming the FTSE All-Share Index by **+239%** and the MSCI World Index by **+114%**.
**Key Highlights**
1. **Financial Performance**
Net Asset Value (NAV) per share**738 pence**
total NAV: **£1233 million**.
Total NAV return per share**+6%** (+45 pence), or **+3%** (+23 pence) excluding FX impact.
Total shareholder return**15%**.
Ten-year NAV return CAGR**15%**.
2. **Portfolio Performance**
Average portfolio company LTM EBITDA growth: **11%**.
Key NAV drivers
**Clio** (+33 pence) from vLex realisation.
**Phenna Group** (+23 pence) due to M&A and demand growth.
**TechInsights** (+13 pence) driven by AI-related demand.
**Time Out Group** (-32 pence) due to media headwinds and share issuance.
3. **Investments & Proceeds**
Total investments**£197 million** (16% of NAV), including £96 million in new platform deals (e.g., Brevo, Infravadis) and £79 million in follow-on investments.
Proceeds**£92 million** from exits (e.g., vLex at >6x gross return) and refinancings.
4. **Capital Allocation**
Completed **£50 million** share buyback in 2025, enhancing NAV per share by 11 pence.
Launched **£20 million** minimum buyback programme for 2026.
Committed **€500 million** to Oakley Capital Fund VI, with total outstanding commitments of **£992 million**.
Liquidity**£191 million** (cash: £95 million
undrawn credit facilities£96 million).
5. **Strategic Initiatives**
Transferred listing to the **Main Market** of the London Stock Exchange, gaining FTSE 250 inclusion.
Appointed **Christopher Samuel** as Chair and **Kiernan Bell** as Independent Non-Executive Director.
6. **AI Focus & Portfolio Positioning**
Two-thirds of portfolio value is in businesses with physical delivery or tangible products, benefiting from AI-driven efficiency gains.
Launched **Oakley Touring Fund** in 2024 to invest in AI-native B2B solutions and established the **Oakley AI Lab** to support AI adoption across the portfolio.
7. **Leadership Comments**
**Steve Pearce** (Interim Chair) emphasized resilience in a challenging environment and confidence in OCI’s ability to leverage AI for future growth.
**Peter Dubens** (Managing Partner, Oakley Capital) highlighted opportunities in the current market to partner with entrepreneurs and harness AI technologies.
OCI remains well-positioned to deliver resilient returns, with a diversified portfolio, strategic AI focus, and robust capital allocation strategy. The Q1 2026 trading update is scheduled for **29 April 2026**.
Below is the HTML table code comparing the financials and debt metrics year-on-year based on the provided text:
Metric20242025
Net Asset Value (NAV) per shareNot Provided738 pence
Total NAV Return per shareNot Provided+6% (+45 pence)
Total Shareholder ReturnNot Provided15%
Ten-year NAV Return CAGRNot Provided15%
Average Portfolio Company LTM EBITDA Growth15%11%
Average Portfolio Company Valuation Multiple (EV/EBITDA)16.4x16.3x
Average Net Debt/EBITDA Multiple4.1x4.1x
Total InvestmentsNot Provided£197 million (16% of NAV)
Proceeds from Exits and RefinancingsNot Provided£92 million (£57m exits, £35m refinancings)
Share BuybacksNot Provided£50 million (completed in 2026)
Liquidity (Cash + Undrawn Credit Facilities)Not Provided£191 million (£95m cash, £96m undrawn)
### Notes: - **2024 Data**: Only specific metrics like EBITDA growth, valuation multiple, and net debt/EBITDA multiple were provided for comparison. - **2025 Data**: Key financials and debt-related figures were extracted and compared where available. - **Missing Data**: Some metrics (e.g., 2024 NAV per share, total investments in 2024) were not provided in the text, hence marked as "Not Provided". This table provides a clear year-on-year comparison of the available financial and debt metrics.
HTWS logo HTWS

Full Year Results 2025

Helios Towers Plc

**Summary**
Helios Towers PLC, an independent mobile tower company, announced its full-year results for 2025, showcasing strong performance and progress towards its strategic goals. The company reported a 12% growth in Adjusted EBITDA, reaching US$471.1 million, and a significant expansion in free cash flow, exceeding expectations. Key highlights include
**Financial Performance** Helios Towers achieved a 9% increase in tenancies, reaching 31,944, and improved its tenancy ratio to 2.17x. Revenue grew by 8% to US$854.1 million, driven by organic tenancy growth and contractual escalators. Adjusted EBITDA margin increased to 55%, and operating profit rose by 18% to US$286.0 million.
**Strategic Progress** The company successfully launched its IMPACT 2030 strategy, aiming for capital-efficient growth, sustained free cash flow, and shareholder returns. It achieved its 2.2x tenancy ratio target a year ahead of schedule, demonstrating operational excellence.
**Capital Allocation** Helios Towers maintained a disciplined capital allocation approach, with discretionary capital additions of US$138.3 million, supporting site and colocation additions, power investments, and upgrades. Net leverage decreased to 3.4x, and the companys credit rating was upgraded by Moodys to Ba3.
**2026 Outlook** The company provided guidance for 2026, expecting Adjusted EBITDA of US$510-525 million and recurring free cash flow of US$210-225 million. It plans to allocate capital for discretionary capex, share buybacks, and dividends, demonstrating a commitment to shareholder returns.
**Sustainable Growth** Helios Towers emphasized its focus on sustainable growth, with 94% of its workforce being local and a commitment to diversity, reaching 29% female representation in 2025. The company also highlighted its efforts in climate action, investing in cleaner energy solutions and reducing carbon emissions.
**Market Position** Operating in nine countries across Africa and the Middle East, Helios Towers connects over 158 million people, providing reliable mobile network coverage. Its infrastructure-sharing model supports mobile penetration and enables faster rollout, lower costs, and improved power performance for mobile operators.
In summary, Helios Towers PLCs 2025 results demonstrate strong financial and operational performance, strategic progress, and a commitment to sustainable growth and shareholder value creation. The company is well-positioned to capitalize on the growing demand for mobile infrastructure in its markets, driven by population growth, increasing mobile penetration, and data consumption.
Here is the comparison of financials and debt year on year for Helios Towers PLC, presented as an HTML table:
MetricFY 2025FY 2024Change
Tenancies31,94429,406+9%
Tenancy ratio2.17x2.05x+0.12x
Adjusted EBITDA (US$m)471.1421.0+12%
Operating profit (US$m)286.0242.3+18%
Recurring free cash flow (US$m)207.5147.9+40%
Free cash flow (US$m)66.418.7+249%
Cash generated from operations (US$m)480.5397.2+21%
Return on invested capital (ROIC) (US$m)13.5%12.9%+0.6ppt
Net leverage3.4x4.0x-0.6x
**Key Highlights:** - **Tenancies and Tenancy Ratio:** Tenancies increased by 9% to 31,944, and the tenancy ratio improved to 2.17x from 2.05x in the previous year. - **Adjusted EBITDA and Operating Profit:** Adjusted EBITDA grew by 12% to $471.1 million, and operating profit increased by 18% to $286.0 million. - **Cash Flow Metrics:** Recurring free cash flow saw a significant increase of 40% to $207.5 million, while free cash flow more than tripled to $66.4 million. Cash generated from operations also rose by 21% to $480.5 million. - **Return on Invested Capital (ROIC):** ROIC improved by 0.6 percentage points to 13.5%. - **Net Leverage:** Net leverage decreased by 0.6x to 3.4x, indicating a stronger financial position. This table provides a concise comparison of key financial and debt metrics for Helios Towers PLC between FY 2025 and FY 2024, highlighting the company's growth and improved financial health.
VSVS logo VSVS

Final Results

Vesuvius PLC

**Summary of Vesuvius plcs Final Results for the Year Ended 31 December 2025**
Vesuvius plc, a global leader in molten metal flow engineering and technology, reported its final results for the year ended 31 December 2025, highlighting resilience despite challenging market conditions. The companys performance was in line with expectations, driven by a strong focus on cost reduction and the benefits of its technology strategy.
**Financial Highlights**
**Revenue** £1,809.5 million, a 0.7% increase on a like-for-like basis, but a 0.6% decline on a reported basis due to FX headwinds.
**Trading Profit (Adjusted Operating Profit):** £151.1 million, down 17.0% on a like-for-like basis and 19.6% on a reported basis, primarily due to challenging market conditions in EMEA.
**Return on Sales (RoS)** 8.4%, down 170 basis points on a like-for-like basis.
**Adjusted Basic EPS:** 34.2pdown 17.7% on a like-for-like basis.
**Free Cash Flow:** £36.0 milliondown 37.7% compared to 2024.
**Net Debt / EBITDA:** 2.0xup from 1.3x in 2024.
**Key Developments**
**Cost Reduction Program** Delivered £17.8 million in savings, ahead of initial expectations, as part of a £55 million multi-year program.
**New Product Sales** Increased to 20.5%, reaching the 2026 target a year early, with a strong pipeline of new products.
**Acquisitions** Completed acquisitions of PiroMET and MMS, strengthening presence in Turkey and the non-ferrous foundry market.
**Dividend** Proposed final dividend of 16.5p, bringing the full-year dividend to 23.6p, a 0.4% increase.
**Segment Performance**
**Steel Division** Revenue grew slightly (+1.4% like-for-like) due to market share gains and pricing increases, but trading profit fell 18.3% due to inflationary costs and temporary manufacturing inefficiencies.
**Foundry Division** Revenue declined 1.5% like-for-like due to weak markets outside India and China, with trading profit down 11.2% due to negative net pricing in H1.
**Outlook**
**2026** Expected to be a transition year to recovery, with modest volume growth, continued cost reduction, and full-year contributions from recent acquisitions.
**Cash Flow** Anticipated to grow in 2026 due to improved trading profit and normalized investment capex.
**RoS Target** Continues to target 12.5% RoS, supported by self-help measures and more favorable market conditions from 2027.
**Strategic Focus**
**Innovation** Continued investment in R&D, with a focus on materials science and mechatronics solutions.
**Sustainability** Progressed on decarbonization goals, reducing carbon intensity by 31.4% compared to 2019.
**Safety** Achieved a Lost Time Injury Frequency Rate of 0.7, well ahead of the industry average, despite one work-related fatality.
**Conclusion**
Vesuvius plc demonstrated resilience in 2025, navigating challenging market conditions through cost reduction, strategic acquisitions, and a focus on innovation. The company is positioned for recovery in 2026, with expectations of profit growth and improved cash flow, supported by its ongoing strategic initiatives and market share gains.
Here is the HTML table code comparing the financials and debt year on year for Vesuvius plc:
Metric2025 (£m)2024 (£m)Like-for-like changeYear-on-year change
Revenue1,809.51,820.1+0.7%(0.6%)
Trading Profit151.1188.0(17.0%)(19.6%)
Return on Sales8.4%10.3%-170bps-190bps
Adjusted basic EPS (pence)34.2p43.3p(17.7%)(21.0%)
Free cash flow36.057.8NA(37.7%)
Net Debt / EBITDA2.0x1.3xNA+0.7x
**Key Observations:** * **Revenue:** Slight increase on a like-for-like basis (+0.7%), but a slight decrease on a reported basis (-0.6%). * **Trading Profit:** Significant decline both on a like-for-like basis (-17.0%) and reported basis (-19.6%). * **Return on Sales:** Decreased by 170bps on a like-for-like basis and 190bps on a reported basis. * **Adjusted basic EPS:** Decreased by 17.7% on a like-for-like basis and 21.0% on a reported basis. * **Free Cash Flow:** Substantial decrease of 37.7%. * **Net Debt / EBITDA:** Increased by 0.7x, indicating higher leverage.
FIL logo FIL

Unaudited interim results to 31 December 2025

Fairview International PLC

**Summary of Fairview International PLCs Half-Year/Interim Report (Unaudited) to 31 December 2025**
**Financial Highlights**
**Revenue Growth** Increased by 7.1% to £2.98 million (H1 2025: £2.78 million), driven by higher student enrollments and ancillary revenue streams.
**Profitability** Profit before tax surged 121.8% to £1.22 million (H1 2025: £0.55 million), and profit after tax rose 257.7% to £0.93 million (H1 2025: £0.26 million), aided by cost control and one-off IPO-related expenses in the prior period.
**Gross Profit Margin** Improved to 53.3% (H1 2025: 50.4%).
**Earnings per Share** Increased to 0.16p (H1 2025: 0.08p).
**Operational Highlights**
**Student Enrollments** 1.8% increase in student numbers, net of graduating students, with 723 students enrolled across two schools as of 2026.
**Academic Excellence** Kuala Lumpur campus ranked in the top 100 IB schools globally for the sixth consecutive year and second in Malaysia.
**Expansion Initiatives** Exploring school premises expansion in Malaysia and property development opportunities at the Johor Bahru campus.
**Strategic Partnerships** Memorandum of Understanding with Arts University Bournemouth to enhance teacher supply and collaboration.
**Business Review and Developments**
Focus on strengthening earnings from education IP and hybrid delivery capabilities.
Leveraging the Johor-Singapore Special Economic Zone (JS-SEZ) for operational and property development opportunities.
Continued assessment of expansion opportunities in Southeast Asia, Asia, and the UK.
**Outlook**
Momentum in enrollments and applications expected to continue, supported by marketing efforts and the FY26/27 academic year.
Confidence in adapting to global economic conditions and capitalizing on growth opportunities.
**Chairman’s Remarks (Daniel Chian)**
Highlighted the Group’s strong interim results, IPO milestone, and strategic focus on scalable education platforms.
Emphasized the potential for organic growth, hybrid learning models, and expansion in Southeast Asia and the UK.
**Financial Position**
Total assets increased to £27.45 million (30 June 2025: £26.07 million).
Total equity rose to £7.04 million (30 June 2025: £5.75 million), driven by net earnings and foreign exchange gains.
Debt-to-equity ratio improved to 1.51 (30 June 2025: 2.00).
**Principal Risks and Uncertainties**
Regulatorycompetitionsafeguardingoperationalexpansionpeoplecyberfinancialand fraud risks remain key concerns.
Principal uncertainty is a potential economic downturn.
**Conclusion**
Fairview International PLC demonstrated robust financial and operational performance in H1 2026, underpinned by strategic initiatives, academic excellence, and expansion opportunities. The Group is well-positioned to capitalize on growing demand for international education, particularly in Southeast Asia and the UK.
Here is the HTML table code comparing the financials and debt year on year for Fairview International PLC:
Financial MetricH1 2026 (£'000)H1 2025 (£'000)Change (%)
Revenue2,9822,7847.1%
Gross Profit1,5881,40213.3%
Profit Before Tax1,2141,1228.2%
Profit After Tax931261256.7%
Earnings Per Share (pence)0.160.08100.0%
Total Assets (£'000)27,45426,0745.3%
Total Liabilities (£'000)20,41020,3190.4%
Total Equity (£'000)7,0445,75522.4%
Net Debt (£'000)10,66711,491-7.2%
Debt-to-Equity Ratio1.512.00-24.5%

Key Observations:

  • Revenue increased by 7.1% year-on-year, driven by higher student enrolments and ancillary revenue streams.
  • Profitability improved significantly, with profit after tax increasing by 256.7% due to cost control measures and absence of one-off IPO expenses.
  • Total equity increased by 22.4%, primarily due to net earnings and foreign exchange reserve gains.
  • Net debt decreased by 7.2%, and the debt-to-equity ratio improved by 24.5%, indicating a stronger financial position.
This table provides a clear comparison of key financial metrics and debt position between H1 2026 and H1 2025 for Fairview International PLC. The data highlights the company's improved financial performance and stronger balance sheet position.
RST logo RST

Full Year 2025 Results

Restore plc

**Summary of Restore PLCs Full Year 2025 Results**
**Financial Performance Highlights**
**Revenue Growth** Revenue increased by 27% to £304.7 million, primarily driven by the acquisition of Synertec and six bolt-on acquisitions.
**Adjusted Operating Profit** Adjusted operating profit rose by 18% to £55.5 million, with the adjusted operating margin improving to 20.8%, surpassing the medium-term target of 20%.
**Adjusted Profit Before Tax** Adjusted profit before tax grew by 22% to £40.6 million.
**Statutory Profit Before Tax** Statutory profit before tax decreased by 55% to £7.7 million due to significant acquisition-related costs.
**Net Debt** Net debt increased by 39% to £123.8 million, reflecting the impact of acquisitions.
**Dividend** The proposed final dividend increased by 19% to 6.9p per share.
**Strategic Highlights**
**Acquisitions** Acquired Synertec and six bolt-on acquisitions, expanding capabilities in inbound and outbound communications and strengthening market share in shredding. Two additional bolt-on acquisitions were added in early 2026.
**Disposal of Harrow Green** Disposed of Harrow Green, improving earnings visibility and Group margins, resulting in a loss from discontinued operations of £7.7 million.
**Integration and Consolidation** Completed the integration of digital and physical storage businesses, achieving annualized savings of over £5 million. The property consolidation program is in its final phase, with more than fifteen sites exited.
**Datashred Growth** Strong growth at Datashred, supported by bolt-on acquisitions, operational efficiencies, and a paper price contract.
**Technology Division Transformation** Continued transformation of the Technology division, positioned for double-digit margins in 2026.
**Shareholder Returns**
**Share Buyback** Announced a £20 million share buyback program over the next 12 months.
**Outlook**
**FY26 Expectations** Trading since the start of the year has been strong, with all divisions performing in line with or above expectations. Full-year adjusted profit before tax is expected to be slightly ahead of current market expectations.
**Growth Strategy** Well-positioned to deliver both organic and inorganic growth, with a focus on increasing the scale of the Group and delivering further value to shareholders.
**Key Metrics**
**Adjusted Basic Earnings Per Share** Increased by 23% to 22.5p.
**Cash Conversion** Cash conversion was 103%, with free cash flow of £42.9 million.
**Leverage** Leverage increased to 1.9x, within the target range of 1.5x-2.0x.
**Management Commentary**
**CEO Charles Skinner** Highlighted the achievement of the 20% medium-term margin target, strong cash generation, and the strategic focus on both organic and inorganic growth. Expressed confidence in sustaining adjusted operating margins above 20% and delivering further value to shareholders.
**Conclusion**
Restore PLC demonstrated significant improvement in financial performance, strategic advancements through acquisitions and integrations, and a commitment to shareholder returns. The company is well-positioned for future growth and margin sustainability.
Here is the comparison of financials and debt year on year presented as an HTML table:
Metric2024 (£m)2025 (£m)Change
Revenue240.0304.727%
Adjusted Operating Profit46.955.518%
Adjusted Operating Margin19.5%20.8%130bps
Adjusted Profit Before Tax33.240.622%
Statutory Profit Before Tax17.07.7(55%)
Net Debt89.0123.8(39%)
Leverage1.6x1.9x(0.3x)
Adjusted Basic Earnings Per Share (pence)18.3p22.5p23%
Statutory Basic Earnings Per Share (pence)8.8p1.0p(89%)
Dividend Per Share (pence)5.8p6.9p19%
**Key Observations:** - **Revenue Growth:** Revenue increased significantly by 27% from £240.0m in 2024 to £304.7m in 2025, primarily driven by acquisitions. - **Profitability Improvement:** Adjusted operating profit and adjusted profit before tax both increased, by 18% and 22% respectively, reflecting improved operational efficiency and contributions from acquisitions. - **Margin Expansion:** Adjusted operating margin improved by 130 basis points to 20.8%, surpassing the medium-term target of 20%. - **Debt Increase:** Net debt increased by 39% to £123.8m due to acquisitions, with leverage rising to 1.9x from 1.6x, still within the target range. - **Earnings Per Share:** Adjusted basic earnings per share increased by 23% to 22.5p, while statutory basic earnings per share decreased significantly due to acquisition-related costs. - **Dividend Growth:** Dividend per share increased by 19% to 6.9p, reflecting the company's strong cash generation and commitment to shareholder returns.
FAN logo FAN

Half Year Results

Volution Group plc

**Summary of Volution Group plcs Half-Year Results for the Six Months Ended 31 January 2026**
**Overview**
Volution Group plc, a leading international designer and manufacturer of energy-efficient indoor air quality solutions, reported strong first-half performance for FY26, with robust organic growth and margin expansion. The Group achieved total revenue growth of 21.7%, driven by organic growth of 4.2% (constant currency), inorganic growth of 16.4%, and a 1.1% favorable currency impact. Adjusted operating profit increased by 21.1% to £51.6 million, with margins slightly down to 22.6% due to the dilutive impact of the Fantech acquisition. The interim dividend was raised by 17.6% to 4.0 pence per share, reflecting confidence in the Groups prospects.
**Financial Highlights**
**Revenue**£228.7 million, up 21.7% (20.6% at constant currency).
**Adjusted Operating Profit**£51.6 million, up 21.1%.
**Adjusted Operating Margin**: 22.6%down 0.1 percentage points.
**Profit Before Tax**: £46.5 millionup 20.7%.
**Basic EPS**: 18.2 penceup 19.0%.
**Operating Cash Flow**£51.6 million, up 7.7%, with a cash conversion rate of 98%.
**Operational Highlights**
**Acquisitions**Completed the acquisition of AC Industries on 2 February 2026, strengthening the Groups position in Australasia and entering the gold and copper mining ventilation systems market.
**Organic Growth**All three regions (UK, Continental Europe, and Australasia) achieved organic revenue growth, with the UK up 3.8%, Continental Europe up 10.7% (5.3% at constant currency), and Australasia up 83.6% (87.8% at constant currency), primarily driven by the Fantech acquisition.
**Low Carbon Revenue**Increased to 72.1% of total revenue, reflecting continued growth in heat recovery and low-carbon solutions.
**Capex**£4.3 million, including investments in injection moulding capacity in the UK, metal fabrication in the Nordics, and facility expansion in North Macedonia.
**Regional Performance**
**UK**Revenue grew by 3.8% to £86.5 million, with adjusted operating profit up 6.2% to £22.7 million. Margins improved to 26.3% due to value engineering and operational excellence.
**Continental Europe**Revenue increased by 10.7% (5.3% at constant currency) to £75.4 million, with adjusted operating profit up 16.3% to £19.1 million. Margins rose to 25.3% due to low-carbon revenue growth.
**Australasia**Revenue surged by 83.6% (87.8% at constant currency) to £66.8 million, primarily due to the Fantech acquisition. Organic growth was 3.3% at constant currency. Adjusted operating profit increased by 75.3% to £13.6 million, with margins at 20.4%.
**Strategic Initiatives**
**Acquisition Strategy**The successful integration of Fantech and the acquisition of AC Industries highlight the Groups focus on inorganic growth.
**Management Strengthening**Continued to enhance regional management structures, with key appointments in the UK, Germany, and Group IT.
**Sustainability**Increased focus on low-carbon products and sustainability, with 72.1% of revenue from low-carbon solutions.
**Outlook**
The Group expects further strategic and operational progress in the second half of FY26, supported by regulatory tailwinds and market dynamics. Despite uncertainties in end markets, geographic diversity provides resilience. The Board anticipates adjusted earnings per share for FY26 to be at the top end of market forecasts (35.0p to 36.5p).
**Conclusion**
Volution Group plc delivered a strong first-half performance, underpinned by organic growth, strategic acquisitions, and operational excellence. The Group remains well-positioned to capitalize on regulatory tailwinds and market opportunities, with a focus on sustainability and long-term growth.
Here’s an HTML table comparing the financials and debt year-on-year for Volution Group PLC based on the provided text:
MetricH1 2026 (£m)H1 2025 (£m)Change %Notes
Revenue228.7187.8+21.7%Total revenue growth, including organic, inorganic, and currency impact.
Operating Profit51.642.6+21.1%Adjusted operating profit.
Operating Profit Margin22.6%22.7%-0.1ppAdjusted operating profit margin.
Profit Before Tax46.538.6+20.7%Adjusted profit before tax.
Basic EPS (pence)18.215.3+19.0%Adjusted basic earnings per share.
Operating Cash Flow51.647.9+7.7%Adjusted operating cash flow.
Net Debt (£m)185.7186.8-0.6%Net debt at period end, including bank borrowings and lease liabilities.
Debt Leverage (x)1.31.5-13.3%Net debt to adjusted EBITDA ratio.
Interim Dividend per Share (p)4.03.4+17.6%Interim dividend declared per share.
### Key Highlights: 1. **Revenue Growth**: Increased by 21.7%, driven by organic growth, inorganic acquisitions (e.g., Fantech and AC Industries), and favorable currency impact. 2. **Profitability**: Adjusted operating profit and profit before tax grew by 21.1% and 20.7%, respectively, despite margin dilution from acquisitions. 3. **Debt Position**: Net debt decreased slightly, and leverage improved to 1.3x from 1.5x, reflecting strong cash generation and disciplined financial management. 4. **Dividend**: Interim dividend increased by 17.6%, demonstrating confidence in the Group's prospects. This table provides a concise comparison of key financial and debt metrics between H1 2026 and H1 2025.
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TR1 34 news titles 34
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Holding(s) in Company

International Personal Finance PLC

TR1 Buy
['HSBC Holdings plc', '8.116000', '7.649000']
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Holding(s) in Company

Impax Environmental Markets PLC

TR1 Buy
['Jefferies Financial Group Inc', '4.756000', '5.707000']
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Holding(s) in Company

Cranswick PLC

<mark style="background-coloryellow">TR1</mark> Buy
['JPMorgan Asset Management Holdings Inc.', '4.831696', 'Below minimum threshold']
BASC logo BASC

Holding(s) in Company

Brown Advisory US Smaller Companies PLC

TR1 Buy
['Rathbones Investment Management Ltd', '4.995700', '6.092200']
Takeover 1 news title 1
AUGM logo AUGM

Takeover Code Rule 8.3 Disclosure

Augmentum Fintech PLC

**Summary**
On March 12, 2026, Two Plus Two Holdings PTY, acting as Trustees of the Forty One Holdings Trust, disclosed its interests in Augmentum Fintech PLC under Rule 8.3 of the Takeover Code. The disclosure, dated March 11, 2026, revealed that the trust holds 2,000,000 relevant securities of Augmentum Fintech PLC, representing 1.20% of the companys shares. Key individuals associated with the trust include Paul Longmuir (Beneficiary & Signatory), Allan Blaikie (Settlor), and Two Plus Two Holdings PTY (Trustees). No dealings, indemnities, or derivative arrangements were reported, and no Supplemental Form 8 (Open Positions) was attached. The disclosure complies with regulatory requirements for public opening position disclosures.
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TRN logo TRN

TRADING STATEMENT AND NOTICE OF FULL YEAR RESULTS

Trainline Plc

**Summary**
Trainline PLC, the leading independent rail and coach travel platform, reported solid financial performance for FY2026 (ending February 28, 2026), meeting enhanced expectations. Key highlights include
1. **Financial Performance**
**Net Ticket Sales** Total group sales rose 7% YoY to £6.3 billion, within the 6-9% guidance range. UK Consumer sales grew 6% to £4.1 billion, International Consumer sales increased 5% to £1.1 billion (3% on a constant currency basis), and Trainline Solutions sales surged 15% to £1.1 billion.
**Revenue** Group revenue grew 2% YoY to £453 million, tracking towards the upper end of the 0-3% guidance range. UK Consumer revenue declined 2% to £204 million due to a commission rate cut, while International Consumer revenue rose 12% to £60 million, and Trainline Solutions revenue increased 4% to £189 million.
**Adjusted EBITDA** Expected to grow 10-13%, outpacing revenue and net ticket sales growth, driven by operating leverage and cost discipline.
2. **Operational Highlights**
**UK Consumer** Strengthened customer engagement with 18 million users, expanded digital railcard base by 16% to 2.7 million, and launched Way to Train disruption features. Growth was partially offset by TFLs Project Oval and rail operators self-preferencing of their own channels.
**International Consumer** Benefited from new carrier competition (e.g., 26% growth in South-East France) and rebounding foreign travel in H2. Growth in Spain was impacted by rail safety concerns.
**Trainline Solutions** B2B Distribution grew 36%, driven by business travel sales, particularly in Europe. Lost white-label contracts with Cross-Country and ScotRail pose future headwinds.
3. **Strategic Initiatives**
Launched an online petition for fair automated delay-repay access, garnering 25,000 signatures.
Progressed share buyback program, repurchasing £75 million of shares under the £150 million program, with £275 million bought back since September 2023.
4. **Future Outlook**
Full-year results for FY2026 will be published on May 6, 2026, with an analyst presentation at 9:00 am UK time.
Trainline remains focused on driving growth through customer engagement, ancillary revenues, and strategic market positioning, despite industry challenges.
Below is the HTML table code comparing the financials and debt year on year based on the provided text. Since debt information is not explicitly mentioned in the text, the table focuses on the financial metrics provided (Net Ticket Sales and Revenue). < lang="en">Trainline Financials Comparison (FY2025 vs FY2026)

Trainline Financials Comparison (FY2025 vs FY2026)

MetricFY2025 (£m)FY2026 (£m)YoY Change (%)YoY Change (CCY) (%)
Net Ticket Sales (£m)
UK Consumer3,9124,135+6%+6%
International Consumer1,0551,104+5%+3%
Trainline Solutions9411,081+15%+14%
Total Group5,9076,319+7%+7%
Revenue (£m)
UK Consumer208204-2%-2%
International Consumer5360+12%+10%
Trainline Solutions181189+4%+4%
Total Group442453+2%+2%

Note: CCY = Constant Currency. Debt information is not available in the provided text.

This HTML code creates a styled table comparing the financials for FY2025 and FY2026, including Net Ticket Sales and Revenue for each segment and the total group. Since debt details are not provided in the text, a note is added to indicate this.
HLMA logo HLMA

Trading Update

Halma PLC

**Summary**
Halma plc, a global group of life-saving technology companies, released a trading update on March 12, 2026, ahead of its financial year-end on March 31, 2026. The company reports strong progress in the second half of the financial year, consistent with its upgraded guidance from November 2025. Key highlights include
1. **Financial Performance**
Expected mid-teens percentage organic constant currency revenue growth, driven by premium growth in photonics within the Environmental & Analysis Sector.
Adjusted EBIT margin of around 22% (excluding a one-off profit from the Nuvonic transaction).
Full-year cash conversion in line with the 90% KPI, supporting strategic investments and acquisitions.
2. **Market Conditions**
Varied end-market conditions and economic uncertainties, but broad-based growth across the Group due to its Sustainable Growth Model.
Order intake remains ahead of revenue and the comparable period last year.
3. **Acquisitions**
Completed five acquisitions in the year, totaling a record £451m in investment, with a healthy pipeline across all three sectors (Safety, Environment, Healthcare).
Notable acquisitions include E2S Group Ltd, Safetec Srl, and Altomed.
4. **Currency Impact**
Sterling appreciation is expected to negatively impact revenue by £63m and profit by £14m due to currency translation effects.
5. **Future Outlook**
On track to deliver the 23rd consecutive year of record Adjusted profit.
Full-year results will be released on June 11, 2026.
Halma remains focused on its purpose of growing a safer, cleaner, healthier future, with over 9,000 employees across more than 20 countries and a strong position in the FTSE 100 index.
The provided text does not contain specific financial or debt figures for a year-on-year comparison. However, I can extract the key financial highlights and acquisition details mentioned in the trading update and present them in an HTML table format for clarity. Here’s the HTML code for the table:
MetricDetails
Revenue Growth (Organic Constant Currency)Mid-teens percentage growth expected for FY 2026
Adjusted EBIT Margin (excluding one-off profit)Around 22% expected for FY 2026
Cash ConversionExpected to be in line with KPI of 90% for FY 2026
Currency Translation Impact (FY 2026 vs FY 2025)Expected negative impact: £63m on revenue, £14m on profit
Acquisitions (FY 2026 YTD)5 acquisitions completed, total investment: £451m (maximum total consideration)
Acquisition Details
  • E2S Group Ltd: £230m (December 2025)
  • Safetec Srl: €72.5m (£63m) (January 2026)
  • Altomed: £29m (February 2026)
One-off Profit (FY 2026)£8.6m from Nuvonic transaction (excluded from Adjusted EBIT margin guidance)
### Explanation: - **Revenue Growth**: Mid-teens percentage organic constant currency growth is expected for the financial year ending March 2026. - **Adjusted EBIT Margin**: Expected to be around 22%, excluding the one-off profit from the Nuvonic transaction. - **Cash Conversion**: Expected to meet the 90% KPI. - **Currency Translation Impact**: Sterling appreciation is expected to negatively impact revenue by £63m and profit by £14m compared to FY 2025. - **Acquisitions**: Five acquisitions were completed in the year to date, with a total investment of £451m. Details of three recent acquisitions are provided. - **One-off Profit**: A £8.6m one-off profit from the Nuvonic transaction is noted but excluded from the Adjusted EBIT margin guidance. Since there are no direct year-on-year financial figures provided in the text, the table focuses on the key highlights and expectations for FY 2026.
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2026-03-12 29 picks
80 Positive
AUGM
Augmentum Fintech PLC
Positive
**Summary:** On March 12, 2026, Two Plus Two Holdings PTY, acting as Trustees of the Forty One Holdings Trust, disclosed its interests in Augmentum Fintech PLC under Rule 8.3 of the Takeover Code. The disclosure, dated March 11, 2026, revealed that the trust holds 2,000,000 relevant securities of Augmentum Fintech PLC, representing 1.20% of the companys shares. Key individuals associated with the trust include Paul Longmuir (Beneficiary & Signatory), Allan Blaikie (Settlor), and Two Plus Two Holdings PTY (Trustees). No dealings, indemnities, or derivative arrangements were reported, and no Supplemental Form 8 (Open Positions) was attached. The disclosure complies with regulatory requirements for public opening position disclosures.
**Summary**
On March 12, 2026, Two Plus Two Holdings PTY, acting as Trustees of the Forty One Holdings Trust, disclosed its interests in Augmentum Fintech PLC under Rule 8.3 of the Takeover Code. The disclosure, dated March 11, 2026, revealed that the trust holds 2,000,000 relevant securities of Augmentum Fintech PLC, representing 1.20% of the companys shares. Key individuals associated with the trust include Paul Longmuir (Beneficiary & Signatory), Allan Blaikie (Settlor), and Two Plus Two Holdings PTY (Trustees). No dealings, indemnities, or derivative arrangements were reported, and no Supplemental Form 8 (Open Positions) was attached. The disclosure complies with regulatory requirements for public opening position disclosures.
Takeover
15:13
98 Exceptional
SVML
Sovereign Metals Ltd
Positive
**Summary:** Sovereign Metals Limited announced on March 12, 2026, the signing of a non-binding Memorandum of Understanding (MOU) with Mitsui & Co. for the offtake of natural rutile from its Kasiya Rutile-Graphite Project in Malawi. The MOU outlines a framework for supplying up to 70,000 tonnes per year of high-grade rutile concentrate (TiO₂ >95%) to Japan’s titanium industry over an initial four-year period, with a potential five-year extension. This agreement aligns with global efforts to secure critical mineral supply chains, particularly highlighted by the inaugural US Critical Minerals Ministerial and joint initiatives between the US, EU, and Japan to enhance supply chain resilience. Japan, the world’s second-largest titanium producer after China, relies heavily on natural rutile as a key feedstock for its high-performance titanium manufacturing, which serves aerospace, defense, and advanced industries. The MOU underscores Mitsui’s strategic interest in securing reliable rutile supply from Kasiya, the world’s largest natural rutile deposit. Sovereign’s product has already been validated by Toho Titanium for high-specification titanium production. The agreement comes amid heightened global focus on critical minerals, with the US, EU, and Japan collaborating on trade policies, border-adjusted price floors, and a preferential trade framework to mitigate supply chain vulnerabilities. Sovereign’s Managing Director, Frank Eagar, emphasized the MOU’s significance in this context, positioning the company as a cornerstone of diversified, Western-aligned titanium feedstock supply. Key terms include an indicative volume of up to 70,000 tonnes annually, a four-year initial supply period (starting 2030), and market-based pricing. The MOU is non-binding but reflects mutual intent to negotiate a formal sales agreement, subject to existing agreements with Rio Tinto and the International Finance Corporation. The MOU is effective for two years.
**Summary**
Sovereign Metals Limited announced on March 12, 2026, the signing of a non-binding Memorandum of Understanding (MOU) with Mitsui & Co. for the offtake of natural rutile from its Kasiya Rutile-Graphite Project in Malawi. The MOU outlines a framework for supplying up to 70,000 tonnes per year of high-grade rutile concentrate (TiO₂ >95%) to Japan’s titanium industry over an initial four-year period, with a potential five-year extension. This agreement aligns with global efforts to secure critical mineral supply chains, particularly highlighted by the inaugural US Critical Minerals Ministerial and joint initiatives between the US, EU, and Japan to enhance supply chain resilience.
Japan, the world’s second-largest titanium producer after China, relies heavily on natural rutile as a key feedstock for its high-performance titanium manufacturing, which serves aerospace, defense, and advanced industries. The MOU underscores Mitsui’s strategic interest in securing reliable rutile supply from Kasiya, the world’s largest natural rutile deposit. Sovereign’s product has already been validated by Toho Titanium for high-specification titanium production.
The agreement comes amid heightened global focus on critical minerals, with the US, EU, and Japan collaborating on trade policies, border-adjusted price floors, and a preferential trade framework to mitigate supply chain vulnerabilities. Sovereign’s Managing Director, Frank Eagar, emphasized the MOU’s significance in this context, positioning the company as a cornerstone of diversified, Western-aligned titanium feedstock supply.
Key terms include an indicative volume of up to 70,000 tonnes annually, a four-year initial supply period (starting 2030), and market-based pricing. The MOU is non-binding but reflects mutual intent to negotiate a formal sales agreement, subject to existing agreements with Rio Tinto and the International Finance Corporation. The MOU is effective for two years.
Offtake
06:31
80 Positive
ARS
Asiamet Resources Limited
Positive
**Summary:** Asiamet Resources Limited announced on March 12, 2026, that it has received Chinese regulatory approval from the State-owned Assets Supervision and Administration Commission (SASAC) for the sale of its interest in Indokal Limited, which holds a 100% indirect stake in the KSK Project, to Norin Mining (Hong Kong) Limited. This approval follows shareholder consent obtained in January 2026. Completion of the transaction remains contingent on fulfilling remaining conditions, including Indonesian regulatory processes. CEO Darryn McClelland highlighted this as a significant milestone toward finalizing the sale, with further updates expected soon. The announcement includes contact details for key executives and advisors, as well as a forward-looking statement disclaimer regarding potential risks and uncertainties.
**Summary**
Asiamet Resources Limited announced on March 12, 2026, that it has received Chinese regulatory approval from the State-owned Assets Supervision and Administration Commission (SASAC) for the sale of its interest in Indokal Limited, which holds a 100% indirect stake in the KSK Project, to Norin Mining (Hong Kong) Limited. This approval follows shareholder consent obtained in January 2026. Completion of the transaction remains contingent on fulfilling remaining conditions, including Indonesian regulatory processes. CEO Darryn McClelland highlighted this as a significant milestone toward finalizing the sale, with further updates expected soon. The announcement includes contact details for key executives and advisors, as well as a forward-looking statement disclaimer regarding potential risks and uncertainties.
Approvals
06:26
93 Strong Beat
SVS
Savills
Positive
**Summary of Savills PLC Final Results for the Year Ended 31 December 2025** Savills PLC, a global real estate advisor, reported strong financial results for the year ended 31 December 2025, highlighting resilience and accelerating momentum across its operations. **Financial Highlights:** - **Group Revenue:** Increased by 6.1% to £2,551 million (2024: £2,404 million), with 8% growth in constant currency. - **Underlying Profit Before Tax:** Rose by 11.4% to £145.3 million (2024: £130.4 million). - **Reported Profit Before Tax:** Grew by 14.4% to £101.0 million (2024: £88.3 million). - **Underlying Basic EPS:** Increased by 16.6% to 77.2p (2024: 66.2p). - **Reported Basic EPS:** Surged by 32.0% to 52.0p (2024: 39.4p). - **Total Dividend per Share:** Increased by 11.9% to 33.8p (2024: 30.2p). - **Net Cash:** Decreased slightly by 4.9% to £167.7 million (2024: £176.3 million). **Key Highlights:** - **Revenue Growth:** All four business areas and three regions reported year-on-year growth. Transactional business revenue grew by 4% (6% in constant currency), while Less Transactional businesses grew by 8% (9% in constant currency). - **Profit Growth:** Underlying profit before tax increased by 11%, with Transactional profits up 13% and Less Transactional profits up 15%, reflecting operational gearing and restructuring benefits. - **Dividend Increase:** The Board recommended a final ordinary dividend of 15.7p per share and a 24% increase in the supplemental dividend to 10.7p per share, totaling 33.8p per share. - **Leadership Succession:** CEO and CFO succession was completed with Simon Shaw as Group Chief Executive and Nick Sanderson as Group Chief Financial Officer. **Outlook:** Despite challenges like the conflict in the Middle East, Savills expects continued momentum in global real estate markets. The Group anticipates progressive growth in investment activity across key markets, supported by strong transactional pipelines and operational leverage. **Strategic Priorities:** 1. **Real Estate Investment Banking (REIB):** Scaling the REIB operation to improve profitability. 2. **Less Transactional Businesses:** Driving growth through organic expansion and selective investments. 3. **International Operations:** Broadening services and improving profitability in key markets. 4. **Prime Residential Advisory:** Expanding global prime residential services. 5. **Savills Investment Management (IM):** Growing as an investment and outsourced asset manager. **Market Conditions:** Global commercial property investment rose by 15% in 2025, led by the US. The UK saw modest growth, while Europe experienced gradual improvement. The Middle East remained supportive, and North America saw strengthening office leasing activity. **Business Development:** Savills strengthened its position through acquisitions like Osborne King in Ireland, Hoffman in North America, and Alpina in Singapore, enhancing its integrated service offerings. **Technology and Innovation:** Investments in proprietary technology platforms and AI strategies aim to enhance service efficiency and client insights, with a focus on human oversight and governance. **Board Changes:** Mark Ridley retired as Group Chief Executive, succeeded by Simon Shaw. Nick Sanderson joined as Group Chief Financial Officer. **Dividend Policy:** The bifurcated dividend policy continues, with a progressive basic ordinary dividend and a supplemental dividend tied to transactional performance. **Conclusion:** Savills PLC demonstrated robust performance in 2025, driven by diversified business lines and strategic initiatives. The Group is well-positioned for continued growth, supported by strong market positions, technological advancements, and a clear strategic vision.
**Summary of Savills PLC Final Results for the Year Ended 31 December 2025**
Savills PLC, a global real estate advisor, reported strong financial results for the year ended 31 December 2025, highlighting resilience and accelerating momentum across its operations.
**Financial Highlights**
**Group Revenue** Increased by 6.1% to £2,551 million (2024: £2,404 million), with 8% growth in constant currency.
**Underlying Profit Before Tax** Rose by 11.4% to £145.3 million (2024: £130.4 million).
**Reported Profit Before Tax** Grew by 14.4% to £101.0 million (2024: £88.3 million).
**Underlying Basic EPS** Increased by 16.6% to 77.2p (2024: 66.2p).
**Reported Basic EPS** Surged by 32.0% to 52.0p (2024: 39.4p).
**Total Dividend per Share** Increased by 11.9% to 33.8p (2024: 30.2p).
**Net Cash** Decreased slightly by 4.9% to £167.7 million (2024: £176.3 million).
**Key Highlights**
**Revenue Growth** All four business areas and three regions reported year-on-year growth. Transactional business revenue grew by 4% (6% in constant currency), while Less Transactional businesses grew by 8% (9% in constant currency).
**Profit Growth** Underlying profit before tax increased by 11%, with Transactional profits up 13% and Less Transactional profits up 15%, reflecting operational gearing and restructuring benefits.
**Dividend Increase** The Board recommended a final ordinary dividend of 15.7p per share and a 24% increase in the supplemental dividend to 10.7p per share, totaling 33.8p per share.
**Leadership Succession** CEO and CFO succession was completed with Simon Shaw as Group Chief Executive and Nick Sanderson as Group Chief Financial Officer.
**Outlook**
Despite challenges like the conflict in the Middle East, Savills expects continued momentum in global real estate markets. The Group anticipates progressive growth in investment activity across key markets, supported by strong transactional pipelines and operational leverage.
**Strategic Priorities**
1. **Real Estate Investment Banking (REIB):** Scaling the REIB operation to improve profitability.
2. **Less Transactional Businesses** Driving growth through organic expansion and selective investments.
3. **International Operations** Broadening services and improving profitability in key markets.
4. **Prime Residential Advisory** Expanding global prime residential services.
5. **Savills Investment Management (IM)** Growing as an investment and outsourced asset manager.
**Market Conditions**
Global commercial property investment rose by 15% in 2025, led by the US. The UK saw modest growth, while Europe experienced gradual improvement. The Middle East remained supportive, and North America saw strengthening office leasing activity.
**Business Development**
Savills strengthened its position through acquisitions like Osborne King in Ireland, Hoffman in North America, and Alpina in Singapore, enhancing its integrated service offerings.
**Technology and Innovation**
Investments in proprietary technology platforms and AI strategies aim to enhance service efficiency and client insights, with a focus on human oversight and governance.
**Board Changes**
Mark Ridley retired as Group Chief Executive, succeeded by Simon Shaw. Nick Sanderson joined as Group Chief Financial Officer.
**Dividend Policy**
The bifurcated dividend policy continues, with a progressive basic ordinary dividend and a supplemental dividend tied to transactional performance.
**Conclusion**
Savills PLC demonstrated robust performance in 2025, driven by diversified business lines and strategic initiatives. The Group is well-positioned for continued growth, supported by strong market positions, technological advancements, and a clear strategic vision.
Here is the HTML table code comparing the financials and debt year on year for Savills PLC:
MetricFY25 (£m)FY24 (£m)Change
Group Revenue2,5512,404+6.1%
Underlying Profit Before Tax145.3130.4+11.4%
Reported Profit Before Tax101.088.3+14.4%
Net Cash (as at 31 December)167.7176.3-4.9%
Borrowings (Non-current)128.7119.6+7.6%
Borrowings (Current)48.041.3+16.2%
Total Borrowings176.7160.9+9.8%
**Key Observations:** * **Revenue Growth:** Savills PLC experienced a 6.1% increase in group revenue from FY24 to FY25, indicating strong performance across all business areas and regions. * **Profitability Improvement:** Underlying profit before tax increased by 11.4%, while reported profit before tax grew by 14.4%, showcasing improved operational efficiency and benefits from prior year restructuring. * **Net Cash Decrease:** Net cash decreased by 4.9%, primarily due to increased borrowings and acquisitions. * **Debt Increase:** Total borrowings increased by 9.8%, with both non-current and current borrowings rising, indicating a shift towards higher leverage. This table provides a concise comparison of key financials and debt metrics for Savills PLC, highlighting areas of growth, profitability, and changes in debt levels.
06:09
80 Positive
TCAP
TP ICAP Group PLC
Positive
**Summary:** TP ICAP Group plc announced the launch of its sixth share buyback programme, valued at £80 million, following the completion of its fifth £30 million buyback. The programme aims to reduce the companys capital and/or meet obligations under employee share schemes. Shares purchased that are not cancelled will have their dividend rights waived. The buyback underscores the Boards confidence in TP ICAPs future prospects, strong financial performance, and operational progress. The programme includes £50 million from the companys legal entities rationalisation programme, delivered ahead of schedule. Since 2023, TP ICAP has completed or announced £230 million in share buybacks. The buyback will be conducted within pre-set parameters, adhering to shareholder authority granted at the 2025 Annual General Meeting, which allows the purchase of up to 10% of issued ordinary shares. The programme complies with UK and EU regulations, including the Financial Conduct Authoritys Listing Rules and the Market Abuse Regulation (MAR). TP ICAP has appointed Peel Hunt LLP to manage the buyback as a "matched principal," operating independently during closed periods. Transactions will be disclosed via RNS announcements and published on the companys website within seven days of execution. TP ICAP, a leading wholesale market intermediary, operates globally in financial, energy, and commodities markets, providing broking services, data, analytics, and market intelligence from over 60 offices in 28 countries. The announcement includes forward-looking statements, noting potential variations in actual results. Contact details for enquiries are provided for the Group Company Secretary, analysts/investors, and media.
**Summary**
TP ICAP Group plc announced the launch of its sixth share buyback programme, valued at £80 million, following the completion of its fifth £30 million buyback. The programme aims to reduce the companys capital and/or meet obligations under employee share schemes. Shares purchased that are not cancelled will have their dividend rights waived. The buyback underscores the Boards confidence in TP ICAPs future prospects, strong financial performance, and operational progress. The programme includes £50 million from the companys legal entities rationalisation programme, delivered ahead of schedule. Since 2023, TP ICAP has completed or announced £230 million in share buybacks.
The buyback will be conducted within pre-set parameters, adhering to shareholder authority granted at the 2025 Annual General Meeting, which allows the purchase of up to 10% of issued ordinary shares. The programme complies with UK and EU regulations, including the Financial Conduct Authoritys Listing Rules and the Market Abuse Regulation (MAR). TP ICAP has appointed Peel Hunt LLP to manage the buyback as a "matched principal," operating independently during closed periods. Transactions will be disclosed via RNS announcements and published on the companys website within seven days of execution.
TP ICAP, a leading wholesale market intermediary, operates globally in financial, energy, and commodities markets, providing broking services, data, analytics, and market intelligence from over 60 offices in 28 countries. The announcement includes forward-looking statements, noting potential variations in actual results. Contact details for enquiries are provided for the Group Company Secretary, analysts/investors, and media.
Launch
06:06
80 Positive
SOM
Somero Enterprise Inc
Positive
**Summary:** Somero Enterprises Inc. announced the launch of its **2026 Share Buyback Programme** on March 12, 2026, authorizing the repurchase of up to **US$4.0 million** of its ordinary shares. The program, managed by Cavendish Capital Markets Limited, aims to reduce the companys share capital by canceling purchased shares. It will run until June 30, 2027, operating within pre-set parameters and independently of the company. The buyback reflects Someros disciplined approach to capital allocation, sustainable growth, and maintaining a strong balance sheet. The program complies with regulatory requirements, including Market Abuse Regulation (MAR), and may represent a significant portion of daily trading volume on the London Stock Exchange. Shareholders were informed that the buyback could exceed 25% of average daily traded volume, potentially impacting market dynamics.
**Summary**
Somero Enterprises Inc. announced the launch of its **2026 Share Buyback Programme** on March 12, 2026, authorizing the repurchase of up to **US$4.0 million** of its ordinary shares. The program, managed by Cavendish Capital Markets Limited, aims to reduce the companys share capital by canceling purchased shares. It will run until June 30, 2027, operating within pre-set parameters and independently of the company. The buyback reflects Someros disciplined approach to capital allocation, sustainable growth, and maintaining a strong balance sheet. The program complies with regulatory requirements, including Market Abuse Regulation (MAR), and may represent a significant portion of daily trading volume on the London Stock Exchange. Shareholders were informed that the buyback could exceed 25% of average daily traded volume, potentially impacting market dynamics.
Launch
06:01
93 Strong Beat
BPT
Bridgepoint Group Plc
Positive
**Summary:** Bridgepoint Group plc, a private equity, credit, and infrastructure fund manager, reported strong financial performance for the year ended December 31, 2025, with key highlights including: - **Financial Performance:** Underlying management fees and other income grew by 13.0% to £427.7 million, and performance-related earnings (PRE) increased by 9.5% to £151.6 million. EBITDA margin stood at 52.6%. - **Capital Deployment and Returns:** Deployed €7.8 billion of capital and returned €8.1 billion to fund investors, exceeding drawn commitments. - **Fundraising:** On track to meet the €24 billion fundraising target by the end of 2026, with €14 billion already raised. - **Assets Under Management (AUM):** AUM increased by 24.5% to $94.1 billion, driven by successful fundraising and strong fund performance. - **Strategic Progress:** Entered the secondaries market with the addition of Newbury Bridgepoint, expanding capabilities and diversifying income streams. - **Dividend and Share Buyback:** Proposed a final dividend of 4.7 pence per share and extended the share buyback program to May 2027. - **Outlook:** Positive transaction pipeline for 2026 and beyond, with a focus on continued growth in fundraising and capital deployment. **Key Financial Metrics (in £ million, unless otherwise stated):** - **Underlying Management Fees and Other Income:** £427.7 (2024: £404.0) - **PRE:** £151.6 (2024: £138.5) - **Underlying EBITDA:** £304.8 (2024: £292.0) - **Profit Before Tax:** £85.7 (2024: £80.7) - **Total AUM:** $94.1 billion (2024: $75.6 billion) - **Fee Paying AUM:** €38.8 billion (2024: €38.7 billion) **Strategic Initiatives:** - **Secondaries Market Entry:** Acquired Newbury Partners to establish a presence in the fast-growing secondaries segment. - **Wealth Product Launch:** Introduced Bridgepoint Generations, a globally diversified middle-market direct private equity offering for the private wealth channel. - **M&A and Integration:** Continued focus on platform-enhancing acquisitions and effective integration to support long-term growth. **Future Outlook:** - **Fundraising:** Expects to close fundraising for flagship infrastructure and direct lending funds in H2 2026 and continue BE VIII fundraising into 2027. - **Deployment and Exits:** Strong pipeline for both capital deployment and portfolio company exits, with multiple exits planned for 2026. - **Geographic Expansion:** Continued focus on the Middle East and other regions to diversify capital sources and enhance global reach. **Conclusion:** Bridgepoint Group plc demonstrated robust financial and operational performance in 2025, underpinned by successful fundraising, strong fund performance, and strategic initiatives. The company is well-positioned for continued growth, with a healthy pipeline of investments and exits, and a clear strategy to expand its global footprint and diversify its product offerings.
**Summary**
Bridgepoint Group plc, a private equity, credit, and infrastructure fund manager, reported strong financial performance for the year ended December 31, 2025, with key highlights including
**Financial Performance** Underlying management fees and other income grew by 13.0% to £427.7 million, and performance-related earnings (PRE) increased by 9.5% to £151.6 million. EBITDA margin stood at 52.6%.
**Capital Deployment and Returns** Deployed €7.8 billion of capital and returned €8.1 billion to fund investors, exceeding drawn commitments.
**Fundraising** On track to meet the €24 billion fundraising target by the end of 2026, with €14 billion already raised.
**Assets Under Management (AUM)** AUM increased by 24.5% to $94.1 billion, driven by successful fundraising and strong fund performance.
**Strategic Progress** Entered the secondaries market with the addition of Newbury Bridgepoint, expanding capabilities and diversifying income streams.
**Dividend and Share Buyback** Proposed a final dividend of 4.7 pence per share and extended the share buyback program to May 2027.
**Outlook** Positive transaction pipeline for 2026 and beyond, with a focus on continued growth in fundraising and capital deployment.
**Key Financial Metrics (in £ million, unless otherwise stated):**
**Underlying Management Fees and Other Income:** £427.7 (2024: £404.0)
**PRE** £151.6 (2024: £138.5)
**Underlying EBITDA** £304.8 (2024: £292.0)
**Profit Before Tax** £85.7 (2024: £80.7)
**Total AUM** $94.1 billion (2024: $75.6 billion)
**Fee Paying AUM** €38.8 billion (2024: €38.7 billion)
**Strategic Initiatives**
**Secondaries Market Entry** Acquired Newbury Partners to establish a presence in the fast-growing secondaries segment.
**Wealth Product Launch** Introduced Bridgepoint Generations, a globally diversified middle-market direct private equity offering for the private wealth channel.
**M&A and Integration** Continued focus on platform-enhancing acquisitions and effective integration to support long-term growth.
**Future Outlook**
**Fundraising** Expects to close fundraising for flagship infrastructure and direct lending funds in H2 2026 and continue BE VIII fundraising into 2027.
**Deployment and Exits** Strong pipeline for both capital deployment and portfolio company exits, with multiple exits planned for 2026.
**Geographic Expansion** Continued focus on the Middle East and other regions to diversify capital sources and enhance global reach.
**Conclusion**
Bridgepoint Group plc demonstrated robust financial and operational performance in 2025, underpinned by successful fundraising, strong fund performance, and strategic initiatives. The company is well-positioned for continued growth, with a healthy pipeline of investments and exits, and a clear strategy to expand its global footprint and diversify its product offerings.
To compare the financials and debt year on year, we need to extract the relevant data from the text and present it in a table format. Here's the HTML table code:
Metric2024 (Pro forma)2025Change (%)
Total AUM ($bn)N/A94.1N/A
Total AUM (€bn)N/A80.3N/A
Fee Paying AUM (€bn)38.738.80.3%
Fee Paying AUM ($bn)40.145.513.5%
Underlying management and other income (£m)404.0427.75.9%
Underlying total operating income (£m)542.5579.36.8%
Total expenses (excluding exceptional expenses, adjusted items and personnel expenses excluded from FRE) (£m)(248.7)(271.3)9.1%
Underlying EBITDA (£m)292.0304.84.4%
Underlying EBITDA margin (%)53.8%52.6%(1.20)ppt
FRE (£m)155.3156.40.7%
PRE (£m)138.5151.69.5%
Underlying profit before tax (excluding FX) (£m)249.8251.50.7%
Underlying profit before tax (£m)237.5248.34.5%
Profit before tax (£m)150.085.7(42.9%)
Underlying profit after tax (£m)211.9219.33.5%
Profit after tax (£m)124.456.7(54.4%)
Basic EPS (pence)15.15.0(66.9%)
Underlying basic EPS (pence)25.726.53.1%

Debt Comparison

Metric20242025Change (%)
Borrowings (excluding capitalised facility costs)(490.3)(456.1)(7.0%)
Net (debt)/ cash (excluding cash belonging to consolidated CLOs and structured fund vehicles attributable to third-party investors (restricted use))(399.5)(262.6)(34.3%)
Note: The debt comparison table only includes the available data on borrowings and net debt/cash. The text does not provide a direct comparison of other debt-related metrics year on year. This HTML code creates two tables: one for financial comparisons and another for debt comparisons. The tables include the metrics, values for 2024 (pro forma) and 2025, and the percentage change between the two years.
06:01
93 Strong Beat
ALFA
Alfa Financial Software Holdings PLC
Positive
**Summary of Alfa Financial Software Holdings PLCs Full Year Results for 2025** **Financial Performance:** - **Revenue Growth:** Revenue increased by 15% to £126.7 million in 2025, driven by a 16% growth in subscription revenues, which reached £43.6 million. - **Profitability:** Operating profit rose by 17% to £40.1 million, with an operating margin of 31.6%. Profit before tax also increased by 18% to £40.1 million. - **Earnings Per Share (EPS):** Basic EPS grew by 17% to 10.19 pence, and diluted EPS increased by 18% to 10.14 pence. - **Cash Generation:** Strong cash generation continued, with a 97% free cash flow conversion rate. Cash reserves increased to £26.4 million. **Strategic Highlights:** - **Subscription Revenue Growth:** Subscription revenues grew by 16%, becoming the fastest-growing revenue stream. Annual Recurring Revenue (ARR) increased by 15% to £43.9 million. - **Customer Expansion:** Alfa Cloud customers increased to 22, up from 21 in 2024. Net Revenue Retention (NRR) improved to 109%, reflecting strong customer retention and expansion. - **Product Development:** Invested £37.7 million in product development, focusing on US Auto Originations, Fleet, and Commercial Finance, to expand market reach and addressable markets. - **Sales and Delivery Momentum:** Strong late-stage pipeline with 10 prospects, 5 of which are working under letters of engagement. Delivered 35 go-lives, demonstrating robust delivery execution. - **Employee Growth and Retention:** Average headcount increased by 6% to 516, with a high staff retention rate of 97%. **Dividends:** - **Ordinary Dividend:** Increased to 1.5 pence per share, up 7% from the previous year. - **Special Dividend:** Declared a special dividend of 3.1 pence per share, up 29% from the previous year, reflecting confidence in future performance. **Outlook:** - **Revenue Growth:** Expects strong subscription revenue growth and good delivery revenue growth in 2026, despite currency headwinds and macro uncertainty. - **US Market:** The US business now accounts for 45% of revenues, creating a headwind for reported results due to current exchange rates. - **Pipeline Strength:** Maintains a healthy sales pipeline, with good activity in the early stages, indicating continued demand for Alfas software solutions. **CEO Commentary:** Andrew Denton, CEO, highlighted exceptional operational and financial performance, achieving a "Rule of 40" target with 17% constant currency revenue growth and a 32% operating profit margin. He emphasized strategic progress in subscription revenues, product development, and AI integration, positioning Alfa for continued growth and market expansion. **Conclusion:** Alfa Financial Software Holdings PLC delivered strong financial and operational results in 2025, with significant growth in subscription revenues, robust profitability, and strategic advancements in product development and market expansion. The company remains confident in its future prospects, supported by a healthy pipeline and continued investment in innovation.
**Summary of Alfa Financial Software Holdings PLCs Full Year Results for 2025**
**Financial Performance**
**Revenue Growth** Revenue increased by 15% to £126.7 million in 2025, driven by a 16% growth in subscription revenues, which reached £43.6 million.
**Profitability** Operating profit rose by 17% to £40.1 million, with an operating margin of 31.6%. Profit before tax also increased by 18% to £40.1 million.
**Earnings Per Share (EPS)** Basic EPS grew by 17% to 10.19 pence, and diluted EPS increased by 18% to 10.14 pence.
**Cash Generation** Strong cash generation continued, with a 97% free cash flow conversion rate. Cash reserves increased to £26.4 million.
**Strategic Highlights**
**Subscription Revenue Growth** Subscription revenues grew by 16%, becoming the fastest-growing revenue stream. Annual Recurring Revenue (ARR) increased by 15% to £43.9 million.
**Customer Expansion** Alfa Cloud customers increased to 22, up from 21 in 2024. Net Revenue Retention (NRR) improved to 109%, reflecting strong customer retention and expansion.
**Product Development** Invested £37.7 million in product development, focusing on US Auto Originations, Fleet, and Commercial Finance, to expand market reach and addressable markets.
**Sales and Delivery Momentum** Strong late-stage pipeline with 10 prospects, 5 of which are working under letters of engagement. Delivered 35 go-lives, demonstrating robust delivery execution.
**Employee Growth and Retention** Average headcount increased by 6% to 516, with a high staff retention rate of 97%.
**Dividends**
**Ordinary Dividend** Increased to 1.5 pence per share, up 7% from the previous year.
**Special Dividend** Declared a special dividend of 3.1 pence per share, up 29% from the previous year, reflecting confidence in future performance.
**Outlook**
**Revenue Growth** Expects strong subscription revenue growth and good delivery revenue growth in 2026, despite currency headwinds and macro uncertainty.
**US Market** The US business now accounts for 45% of revenues, creating a headwind for reported results due to current exchange rates.
**Pipeline Strength** Maintains a healthy sales pipeline, with good activity in the early stages, indicating continued demand for Alfas software solutions.
**CEO Commentary**
Andrew Denton, CEO, highlighted exceptional operational and financial performance, achieving a "Rule of 40" target with 17% constant currency revenue growth and a 32% operating profit margin. He emphasized strategic progress in subscription revenues, product development, and AI integration, positioning Alfa for continued growth and market expansion.
**Conclusion**
Alfa Financial Software Holdings PLC delivered strong financial and operational results in 2025, with significant growth in subscription revenues, robust profitability, and strategic advancements in product development and market expansion. The company remains confident in its future prospects, supported by a healthy pipeline and continued investment in innovation.
Here is the HTML table code comparing the financials and debt year on year for Alfa Financial Software Holdings PLC:
Metric2025 (£m)2024 (£m)Change (%)
Revenue126.7109.915%
Operating Profit40.134.317%
Profit Before Tax40.134.118%
Cash26.420.529%
Total Contract Value (TCV)227.5221.33%
Debt000%
**Notes:** * The table includes key financial metrics such as revenue, operating profit, profit before tax, cash, total contract value (TCV), and debt. * The "Change (%)" column shows the percentage change between 2025 and 2024 for each metric. * The debt column shows that Alfa Financial Software Holdings PLC has no bank debt in both 2025 and 2024. This table provides a concise comparison of the company's financial performance and debt position between 2025 and 2024.
06:01
93 Strong Beat
91SN
Dp World Sukuk Limited
Positive
**Summary of DP World Limited FY2025 Results** DP World Limited reported record financial results for FY2025, with **revenue surging 22.0% to $24.4 billion** and **adjusted EBITDA rising 18.0% to $6.4 billion**, driven by strong performance in Ports & Terminals and Logistics. The company achieved a **26.3% adjusted EBITDA margin** and a **32.2% increase in profit to nearly $2.0 billion**, reflecting operational efficiency and disciplined cost management. **Key Highlights:** 1. **Revenue Growth:** Ports & Terminals revenue per TEU increased by 8.5% on a like-for-like basis, with strong contributions from the UAE, Middle East, Africa, Europe, and the Americas. 2. **Strategic Investments:** Capital expenditure of $3.1 billion was allocated to key growth markets, including Jebel Ali (UAE), London Gateway (UK), and Tuna Tekra (India), expanding port capacity to 109 million TEU. 3. **Logistics Expansion:** The customer-centric logistics platform, serving 45,000+ customers, represents ~50% of global GDP and over 80% of Group logistics revenues. 4. **Sustainability Progress:** Achieved a **14% reduction in Scope 1 and 2 carbon emissions** and increased renewable electricity to **67% of total global usage**. 5. **Regional Performance:** - **Middle East, Europe, and Africa:** Revenue grew 20.1% to $16.7 billion, with adjusted EBITDA up 22.4% to $5.1 billion. - **Asia Pacific and India:** Revenue increased 26.4% to $3.6 billion, with adjusted EBITDA at $748 million. - **Australia and Americas:** Revenue rose 26.3% to $4.1 billion, with adjusted EBITDA up 14.5% to $1.3 billion. 6. **Jebel Ali Update:** The port remains fully operational, but regional security issues have temporarily reduced inbound vessel traffic. Mitigation measures are in place. 7. **Financial Strength:** Cash generated from operations increased 14.0% to $6.3 billion, and net leverage remained stable at **3.4x** (pre-IFRS16). **Leadership Commentary:** Group Chairman H.E. Essa Kazim and Group CEO Yuvraj Narayan emphasized DP World’s resilience amid geopolitical challenges, highlighting its diversified portfolio, integrated platform, and focus on high-yield cargo. The company remains confident in the long-term outlook for global trade and is committed to sustainable, customer-centric solutions. **Future Outlook:** DP World plans to invest up to $3.0 billion in 2026, focusing on strategic locations like Jebel Ali, Jeddah, and London Gateway. Despite near-term uncertainties, the company is well-positioned to capitalize on emerging trade corridors and regionalization trends, aiming for long-term sustainable growth.
**Summary of DP World Limited FY2025 Results**
DP World Limited reported record financial results for FY2025, with **revenue surging 22.0% to $24.4 billion** and **adjusted EBITDA rising 18.0% to $6.4 billion**, driven by strong performance in Ports & Terminals and Logistics. The company achieved a **26.3% adjusted EBITDA margin** and a **32.2% increase in profit to nearly $2.0 billion**, reflecting operational efficiency and disciplined cost management.
**Key Highlights**
1. **Revenue Growth** Ports & Terminals revenue per TEU increased by 8.5% on a like-for-like basis, with strong contributions from the UAE, Middle East, Africa, Europe, and the Americas.
2. **Strategic Investments** Capital expenditure of $3.1 billion was allocated to key growth markets, including Jebel Ali (UAE), London Gateway (UK), and Tuna Tekra (India), expanding port capacity to 109 million TEU.
3. **Logistics Expansion** The customer-centric logistics platform, serving 45,000+ customers, represents ~50% of global GDP and over 80% of Group logistics revenues.
4. **Sustainability Progress** Achieved a **14% reduction in Scope 1 and 2 carbon emissions** and increased renewable electricity to **67% of total global usage**.
5. **Regional Performance**
**Middle East, Europe, and Africa** Revenue grew 20.1% to $16.7 billion, with adjusted EBITDA up 22.4% to $5.1 billion.
**Asia Pacific and India** Revenue increased 26.4% to $3.6 billion, with adjusted EBITDA at $748 million.
**Australia and Americas** Revenue rose 26.3% to $4.1 billion, with adjusted EBITDA up 14.5% to $1.3 billion.
6. **Jebel Ali Update** The port remains fully operational, but regional security issues have temporarily reduced inbound vessel traffic. Mitigation measures are in place.
7. **Financial Strength** Cash generated from operations increased 14.0% to $6.3 billion, and net leverage remained stable at **3.4x** (pre-IFRS16).
**Leadership Commentary**
Group Chairman H.E. Essa Kazim and Group CEO Yuvraj Narayan emphasized DP World’s resilience amid geopolitical challenges, highlighting its diversified portfolio, integrated platform, and focus on high-yield cargo. The company remains confident in the long-term outlook for global trade and is committed to sustainable, customer-centric solutions.
**Future Outlook**
DP World plans to invest up to $3.0 billion in 2026, focusing on strategic locations like Jebel Ali, Jeddah, and London Gateway. Despite near-term uncertainties, the company is well-positioned to capitalize on emerging trade corridors and regionalization trends, aiming for long-term sustainable growth.
Here’s the HTML table code comparing the financials and debt year-on-year for DP World Limited based on the provided text:
Metric2025 (USD million)2024 (USD million)% ChangeLike-for-like at Constant Currency % Change
Revenue24,42220,02322.0%13.4%
Adjusted EBITDA6,4305,45018.0%16.8%
Adjusted EBITDA Margin26.3%27.2%(0.9%)28.0%
Profit for the Year1,9601,48332.2%31.8%
Profit Attributable to Owners1,07275142.7%-
Cash Generated from Operating Activities6,3005,50014.0%-
Net Debt (Pre-IFRS16)17,90015,30017.0%-
Net Debt (Post-IFRS16)25,90022,40015.6%-
Net Leverage (Pre-IFRS16)3.4x3.4x0.0%-
Net Leverage (Post-IFRS16)4.0x4.1x(2.4%)-
Capital Expenditure3,1002,20040.9%-
### Key Notes: 1. **Revenue and EBITDA**: Both revenue and adjusted EBITDA saw significant growth in 2025 compared to 2024, driven by strong performance in Ports & Terminals and Logistics. 2. **Profitability**: Profit for the year increased by 32.2%, reflecting strong top-line performance and disciplined cost management. 3. **Debt and Leverage**: Net debt increased year-on-year, primarily due to higher lease and service concession liabilities. However, net leverage remained stable at 3.4x on a pre-IFRS16 basis. 4. **Cash Flow**: Cash generated from operating activities increased by 14.0%, highlighting robust cash generation. 5. **Capital Expenditure**: Capital expenditure increased significantly in 2025, with a focus on strategic investments across key growth markets. This table provides a concise comparison of key financial and debt metrics for DP World Limited between 2024 and 2025.
06:01
93 Strong Beat
CCC
Computacenter PLC
Positive
**Summary of Computacenter PLCs 2025 Final Results** **Financial Performance Highlights:** - **Revenue Growth:** Computacenter PLC reported a 32.0% increase in revenue to £9,193.9 million in 2025, driven by strong performance in Technology Sourcing and Services. - **Gross Profit:** Gross profit rose by 10.5% to £1,144.1 million, despite a decline in gross margin due to high-volume Technology Sourcing activity in North America. - **Adjusted Operating Profit:** Adjusted operating profit increased by 11.3% to £274.7 million, with significant growth in North America and the UK, partially offset by weaker performance in France. - **Adjusted Profit Before Tax:** Adjusted profit before tax grew by 7.1% to £272.0 million. - **Dividend:** The final dividend was increased by 7.6%, bringing the total dividend growth to 5.5% at 74.6p per share. **Regional Performance:** - **North America:** Outstanding performance with both enterprise and hyperscale customers, leading to nearly doubled profits and accounting for nearly 40% of the Group’s adjusted operating profit. - **UK:** Returned to growth, benefiting from a more targeted approach and greater customer proximity. - **Germany:** Delivered a stronger second half, supported by public sector recovery, achieving a result similar to 2024. - **France:** Disappointing performance due to reduced hardware volume in the public sector and challenging market conditions. **Strategic and Operational Highlights:** - **Customer Growth:** Added 27 major customers, reaching a total of 215, the highest growth in five years. - **Professional Services:** Strong revenue growth of 8.8% in constant currency, driven by the UK and North America. - **Managed Services:** Modest decline in revenue, with an improved pipeline of opportunities. - **Product Order Backlog:** Increased to £7.1 billion, up 200.3% year-on-year, driven by strong Technology Sourcing orders in North America and the UK. **Capital Allocation:** - **Investments:** £46.2 million invested in Group-wide initiatives to improve capabilities and secure future growth. - **Acquisition:** Completed the acquisition of AgreeYa for US$120 million, enhancing professional services capabilities in North America and India. - **Dividend Policy:** Maintained a dividend cover of 2-2.5x adjusted diluted EPS, with a 5.5% increase in total dividend. **Outlook:** - **Strong Position:** Exited 2025 with a record committed product order backlog of £7.1 billion across all geographies. - **Challenges:** Aware of macroeconomic uncertainties, hardware component shortages, and political environment but confident in navigating these challenges. - **Expectations:** Anticipate further strategic and financial progress in 2026, enhanced by the AgreeYa acquisition. **CEO Commentary:** Mike Norris, CEO, highlighted the strong performance in 2025, driven by growth in major customers and both Technology Sourcing and Services. He emphasized the outstanding performance in North America, the return to growth in the UK, and the plans to improve performance in France. Norris also noted the strong cash generation and strategic acquisitions, positioning the company well for 2026. **Financial Metrics:** - **Adjusted Net Funds:** Increased by 25.7% to £606.0 million, reflecting strong cash generation. - **Net Funds:** Rose by 20.8% to £426.2 million. - **Operating Profit:** Increased by 1.4% to £241.2 million. - **Profit Before Tax:** Decreased by 2.5% to £238.5 million due to exceptional items. **Strategic Focus:** - **Target Market Customers:** Focus on large corporate and public sector organizations. - **Service Line Scale:** Build competitive advantage in Technology Sourcing, Professional Services, and Managed Services. - **Empower People:** Enhance customer-facing capabilities and operational efficiency. **Conclusion:** Computacenter PLC demonstrated robust financial and operational performance in 2025, with significant growth in key regions and strategic initiatives. Despite challenges, the company is well-positioned for continued progress in 2026, supported by a strong order backlog, strategic acquisitions, and a focus on customer relationships and operational efficiency.
**Summary of Computacenter PLCs 2025 Final Results**
**Financial Performance Highlights**
**Revenue Growth** Computacenter PLC reported a 32.0% increase in revenue to £9,193.9 million in 2025, driven by strong performance in Technology Sourcing and Services.
**Gross Profit** Gross profit rose by 10.5% to £1,144.1 million, despite a decline in gross margin due to high-volume Technology Sourcing activity in North America.
**Adjusted Operating Profit** Adjusted operating profit increased by 11.3% to £274.7 million, with significant growth in North America and the UK, partially offset by weaker performance in France.
**Adjusted Profit Before Tax** Adjusted profit before tax grew by 7.1% to £272.0 million.
**Dividend** The final dividend was increased by 7.6%, bringing the total dividend growth to 5.5% at 74.6p per share.
**Regional Performance**
**North America** Outstanding performance with both enterprise and hyperscale customers, leading to nearly doubled profits and accounting for nearly 40% of the Group’s adjusted operating profit.
**UK** Returned to growth, benefiting from a more targeted approach and greater customer proximity.
**Germany** Delivered a stronger second half, supported by public sector recovery, achieving a result similar to 2024.
**France** Disappointing performance due to reduced hardware volume in the public sector and challenging market conditions.
**Strategic and Operational Highlights**
**Customer Growth** Added 27 major customers, reaching a total of 215, the highest growth in five years.
**Professional Services** Strong revenue growth of 8.8% in constant currency, driven by the UK and North America.
**Managed Services** Modest decline in revenue, with an improved pipeline of opportunities.
**Product Order Backlog** Increased to £7.1 billion, up 200.3% year-on-year, driven by strong Technology Sourcing orders in North America and the UK.
**Capital Allocation**
**Investments** £46.2 million invested in Group-wide initiatives to improve capabilities and secure future growth.
**Acquisition** Completed the acquisition of AgreeYa for US$120 million, enhancing professional services capabilities in North America and India.
**Dividend Policy** Maintained a dividend cover of 2-2.5x adjusted diluted EPS, with a 5.5% increase in total dividend.
**Outlook**
**Strong Position** Exited 2025 with a record committed product order backlog of £7.1 billion across all geographies.
**Challenges** Aware of macroeconomic uncertainties, hardware component shortages, and political environment but confident in navigating these challenges.
**Expectations** Anticipate further strategic and financial progress in 2026, enhanced by the AgreeYa acquisition.
**CEO Commentary**
Mike Norris, CEO, highlighted the strong performance in 2025, driven by growth in major customers and both Technology Sourcing and Services. He emphasized the outstanding performance in North America, the return to growth in the UK, and the plans to improve performance in France. Norris also noted the strong cash generation and strategic acquisitions, positioning the company well for 2026.
**Financial Metrics**
**Adjusted Net Funds** Increased by 25.7% to £606.0 million, reflecting strong cash generation.
**Net Funds** Rose by 20.8% to £426.2 million.
**Operating Profit** Increased by 1.4% to £241.2 million.
**Profit Before Tax** Decreased by 2.5% to £238.5 million due to exceptional items.
**Strategic Focus**
**Target Market Customers** Focus on large corporate and public sector organizations.
**Service Line Scale** Build competitive advantage in Technology Sourcing, Professional Services, and Managed Services.
**Empower People** Enhance customer-facing capabilities and operational efficiency.
**Conclusion**
Computacenter PLC demonstrated robust financial and operational performance in 2025, with significant growth in key regions and strategic initiatives. Despite challenges, the company is well-positioned for continued progress in 2026, supported by a strong order backlog, strategic acquisitions, and a focus on customer relationships and operational efficiency.
Here is the HTML table code comparing the financials and debt year on year for Computacenter PLC:
Metric2025 (£m)2024 (£m)Change
Revenue9,193.96,964.832.0%
Gross Profit1,144.11,035.010.5%
Adjusted Operating Profit274.7246.711.3%
Adjusted Profit Before Tax272.0254.07.1%
Net Cash Inflow from Operating Activities293.6417.1(29.6%)
Adjusted Net Funds606.0482.225.7%
Net Funds426.2352.720.8%
Total Bank Loans(22.5)(7.4)204.1%
Lease Liabilities(179.8)(129.5)38.8%
**Key Observations:** * **Revenue Growth:** Computacenter PLC experienced significant revenue growth of 32.0% from 2024 to 2025, reaching £9,193.9 million. * **Profitability Improvement:** Adjusted operating profit and adjusted profit before tax both increased, by 11.3% and 7.1% respectively, indicating improved operational efficiency. * **Cash Flow Decline:** Net cash inflow from operating activities decreased by 29.6%, which could be a concern if it continues. * **Increased Debt:** Both total bank loans and lease liabilities increased significantly, indicating higher debt levels. * **Stronger Net Funds:** Despite increased debt, adjusted net funds and net funds both increased, suggesting the company still has a solid financial position.
06:01
93 Strong Beat
INF
Informa PLC
Positive
Informa PLC, a global B2B Live Events, B2B Digital Services, and Academic Markets Group, reported strong financial results for 2025, with record revenues and adjusted operating profit. Key highlights include: **Financial Performance:** - Revenue increased by 13.7% to £4,041.4 million, with adjusted operating profit rising by 14.6% to £1,139.8 million. - Free cash flow grew by 9.0% to £884.8 million, driven by operating profit growth and focused cash management. - Adjusted diluted earnings per share increased by 11.0% to 55.6p, marking the fifth consecutive year of double-digit growth. **Strategic Initiatives:** - The company confirmed £620 million in cash returns for 2025 and accelerated share buybacks in 2026, starting with a minimum commitment of £200 million, later increased to £250 million. - Informas growth strategy, "One Informa," focuses on brand value extension, AI integration, customer experience enhancement, and data-led marketing, aiming to maximize the growth and value of its B2B platform. **Segment Performance:** - **B2B Live Events:** Underlying revenue growth of 9.5%, with strong performances in Healthcare and Food sectors. - **Academic Markets (Taylor & Francis):** Delivered 3.6% underlying revenue growth, excluding non-recurring data access contracts, with a focus on expanding the journal portfolio and targeting new customer segments. - **B2B Digital Services (Informa TechTarget):** A foundational year with a focus on delivering positive growth in 2026, leveraging proprietary data and a broad product offer. **Future Outlook:** - Informa targets consistent 5%+ underlying revenue growth over the next three years, faster underlying profit growth, and 8%+ underlying EPS growth. - For 2026, the company aims for 6%± underlying revenue growth, with B2B Live Events targeting 7%+ growth, and double-digit underlying EPS growth. **Sustainability and Governance:** - Continued commitment to sustainability, recognized through inclusion in the Dow Jones Sustainability Index for the eighth consecutive year, achieving AAA ESG Rating from MSCI, and an A- CDP Score. **Board and Corporate Updates:** - Andy Ransom appointed to the Audit Committee, and the company announced a partnership with Dubai World Trade Centre to launch a new operating business, inD, in the IMEA region. Informas 2025 results demonstrate robust financial health, strategic growth initiatives, and a commitment to sustainability and shareholder value, positioning the company for continued success in 2026 and beyond.
Informa PLC, a global B2B Live Events, B2B Digital Services, and Academic Markets Group, reported strong financial results for 2025, with record revenues and adjusted operating profit. Key highlights include
**Financial Performance**
Revenue increased by 13.7% to £4,041.4 million, with adjusted operating profit rising by 14.6% to £1,139.8 million.
Free cash flow grew by 9.0% to £884.8 million, driven by operating profit growth and focused cash management.
Adjusted diluted earnings per share increased by 11.0% to 55.6p, marking the fifth consecutive year of double-digit growth.
**Strategic Initiatives**
The company confirmed £620 million in cash returns for 2025 and accelerated share buybacks in 2026, starting with a minimum commitment of £200 million, later increased to £250 million.
Informas growth strategy, "One Informa," focuses on brand value extension, AI integration, customer experience enhancement, and data-led marketing, aiming to maximize the growth and value of its B2B platform.
**Segment Performance**
**B2B Live Events** Underlying revenue growth of 9.5%, with strong performances in Healthcare and Food sectors.
**Academic Markets (Taylor & Francis)** Delivered 3.6% underlying revenue growth, excluding non-recurring data access contracts, with a focus on expanding the journal portfolio and targeting new customer segments.
**B2B Digital Services (Informa TechTarget):** A foundational year with a focus on delivering positive growth in 2026, leveraging proprietary data and a broad product offer.
**Future Outlook**
Informa targets consistent 5%+ underlying revenue growth over the next three years, faster underlying profit growth, and 8%+ underlying EPS growth.
For 2026, the company aims for 6%± underlying revenue growth, with B2B Live Events targeting 7%+ growth, and double-digit underlying EPS growth.
**Sustainability and Governance**
Continued commitment to sustainability, recognized through inclusion in the Dow Jones Sustainability Index for the eighth consecutive year, achieving AAA ESG Rating from MSCI, and an A- CDP Score.
**Board and Corporate Updates**
Andy Ransom appointed to the Audit Committee, and the company announced a partnership with Dubai World Trade Centre to launch a new operating business, inD, in the IMEA region.
Informas 2025 results demonstrate robust financial health, strategic growth initiatives, and a commitment to sustainability and shareholder value, positioning the company for continued success in 2026 and beyond.
Here is the comparison of financials and debt year on year presented as an HTML table:
Metric2025 (£m)2024 (£m)Change (£m)Change (%)
Revenue4,041.43,553.1488.313.7%
Adjusted Operating Profit1,139.8995.0144.814.6%
Free Cash Flow884.8812.172.79.0%
Net Debt (incl. IFRS 16)3,066.23,201.8(135.6)(4.2%)
Adjusted Diluted EPS (p)55.650.15.511.0%
Full Year Dividend per Share (p)22.020.02.010.0%
### Key Observations: 1. **Revenue Growth**: Revenue increased by 13.7% from £3,553.1m in 2024 to £4,041.4m in 2025, driven by strong performance across all segments, particularly B2B Live Events. 2. **Adjusted Operating Profit Growth**: Adjusted operating profit grew by 14.6% from £995.0m in 2024 to £1,139.8m in 2025, reflecting improved margins and cost management. 3. **Free Cash Flow Improvement**: Free cash flow increased by 9.0% from £812.1m in 2024 to £884.8m in 2025, supported by higher operating profit and working capital inflows. 4. **Net Debt Reduction**: Net debt decreased by 4.2% from £3,201.8m in 2024 to £3,066.2m in 2025, despite significant shareholder returns. 5. **EPS Growth**: Adjusted diluted earnings per share increased by 11.0% from 50.1p in 2024 to 55.6p in 2025, marking the fifth consecutive year of double-digit growth. 6. **Dividend Increase**: The full-year dividend per share rose by 10.0% from 20.0p in 2024 to 22.0p in 2025, reflecting the company's commitment to shareholder returns. This table provides a clear year-on-year comparison of key financial metrics and debt levels for Informa PLC.
06:01
93 Strong Beat
OCI
Oakley Capital Investments Limited
Positive
**Summary of Oakley Capital Investments Limited (OCI) Final Results for the Year Ended 31 December 2025** Oakley Capital Investments Limited (OCI) announced its final results for 2025, highlighting strong performance and strategic positioning for future growth. OCI, a listed investment company, achieved a 10-year share price total return of **+362%**, outperforming the FTSE All-Share Index by **+239%** and the MSCI World Index by **+114%**. **Key Highlights:** 1. **Financial Performance:** - Net Asset Value (NAV) per share: **738 pence**; total NAV: **£1,233 million**. - Total NAV return per share: **+6%** (+45 pence), or **+3%** (+23 pence) excluding FX impact. - Total shareholder return: **15%**. - Ten-year NAV return CAGR: **15%**. 2. **Portfolio Performance:** - Average portfolio company LTM EBITDA growth: **11%**. - Key NAV drivers: - **Clio** (+33 pence) from vLex realisation. - **Phenna Group** (+23 pence) due to M&A and demand growth. - **TechInsights** (+13 pence) driven by AI-related demand. - **Time Out Group** (-32 pence) due to media headwinds and share issuance. 3. **Investments & Proceeds:** - Total investments: **£197 million** (16% of NAV), including £96 million in new platform deals (e.g., Brevo, Infravadis) and £79 million in follow-on investments. - Proceeds: **£92 million** from exits (e.g., vLex at >6x gross return) and refinancings. 4. **Capital Allocation:** - Completed **£50 million** share buyback in 2025, enhancing NAV per share by 11 pence. - Launched **£20 million** minimum buyback programme for 2026. - Committed **€500 million** to Oakley Capital Fund VI, with total outstanding commitments of **£992 million**. - Liquidity: **£191 million** (cash: £95 million; undrawn credit facilities: £96 million). 5. **Strategic Initiatives:** - Transferred listing to the **Main Market** of the London Stock Exchange, gaining FTSE 250 inclusion. - Appointed **Christopher Samuel** as Chair and **Kiernan Bell** as Independent Non-Executive Director. 6. **AI Focus & Portfolio Positioning:** - Two-thirds of portfolio value is in businesses with physical delivery or tangible products, benefiting from AI-driven efficiency gains. - Launched **Oakley Touring Fund** in 2024 to invest in AI-native B2B solutions and established the **Oakley AI Lab** to support AI adoption across the portfolio. 7. **Leadership Comments:** - **Steve Pearce** (Interim Chair) emphasized resilience in a challenging environment and confidence in OCI’s ability to leverage AI for future growth. - **Peter Dubens** (Managing Partner, Oakley Capital) highlighted opportunities in the current market to partner with entrepreneurs and harness AI technologies. OCI remains well-positioned to deliver resilient returns, with a diversified portfolio, strategic AI focus, and robust capital allocation strategy. The Q1 2026 trading update is scheduled for **29 April 2026**.
**Summary of Oakley Capital Investments Limited (OCI) Final Results for the Year Ended 31 December 2025**
Oakley Capital Investments Limited (OCI) announced its final results for 2025, highlighting strong performance and strategic positioning for future growth. OCI, a listed investment company, achieved a 10-year share price total return of **+362%**, outperforming the FTSE All-Share Index by **+239%** and the MSCI World Index by **+114%**.
**Key Highlights**
1. **Financial Performance**
Net Asset Value (NAV) per share**738 pence**
total NAV: **£1233 million**.
Total NAV return per share**+6%** (+45 pence), or **+3%** (+23 pence) excluding FX impact.
Total shareholder return**15%**.
Ten-year NAV return CAGR**15%**.
2. **Portfolio Performance**
Average portfolio company LTM EBITDA growth: **11%**.
Key NAV drivers
**Clio** (+33 pence) from vLex realisation.
**Phenna Group** (+23 pence) due to M&A and demand growth.
**TechInsights** (+13 pence) driven by AI-related demand.
**Time Out Group** (-32 pence) due to media headwinds and share issuance.
3. **Investments & Proceeds**
Total investments**£197 million** (16% of NAV), including £96 million in new platform deals (e.g., Brevo, Infravadis) and £79 million in follow-on investments.
Proceeds**£92 million** from exits (e.g., vLex at >6x gross return) and refinancings.
4. **Capital Allocation**
Completed **£50 million** share buyback in 2025, enhancing NAV per share by 11 pence.
Launched **£20 million** minimum buyback programme for 2026.
Committed **€500 million** to Oakley Capital Fund VI, with total outstanding commitments of **£992 million**.
Liquidity**£191 million** (cash: £95 million
undrawn credit facilities£96 million).
5. **Strategic Initiatives**
Transferred listing to the **Main Market** of the London Stock Exchange, gaining FTSE 250 inclusion.
Appointed **Christopher Samuel** as Chair and **Kiernan Bell** as Independent Non-Executive Director.
6. **AI Focus & Portfolio Positioning**
Two-thirds of portfolio value is in businesses with physical delivery or tangible products, benefiting from AI-driven efficiency gains.
Launched **Oakley Touring Fund** in 2024 to invest in AI-native B2B solutions and established the **Oakley AI Lab** to support AI adoption across the portfolio.
7. **Leadership Comments**
**Steve Pearce** (Interim Chair) emphasized resilience in a challenging environment and confidence in OCI’s ability to leverage AI for future growth.
**Peter Dubens** (Managing Partner, Oakley Capital) highlighted opportunities in the current market to partner with entrepreneurs and harness AI technologies.
OCI remains well-positioned to deliver resilient returns, with a diversified portfolio, strategic AI focus, and robust capital allocation strategy. The Q1 2026 trading update is scheduled for **29 April 2026**.
Below is the HTML table code comparing the financials and debt metrics year-on-year based on the provided text:
Metric20242025
Net Asset Value (NAV) per shareNot Provided738 pence
Total NAV Return per shareNot Provided+6% (+45 pence)
Total Shareholder ReturnNot Provided15%
Ten-year NAV Return CAGRNot Provided15%
Average Portfolio Company LTM EBITDA Growth15%11%
Average Portfolio Company Valuation Multiple (EV/EBITDA)16.4x16.3x
Average Net Debt/EBITDA Multiple4.1x4.1x
Total InvestmentsNot Provided£197 million (16% of NAV)
Proceeds from Exits and RefinancingsNot Provided£92 million (£57m exits, £35m refinancings)
Share BuybacksNot Provided£50 million (completed in 2026)
Liquidity (Cash + Undrawn Credit Facilities)Not Provided£191 million (£95m cash, £96m undrawn)
### Notes: - **2024 Data**: Only specific metrics like EBITDA growth, valuation multiple, and net debt/EBITDA multiple were provided for comparison. - **2025 Data**: Key financials and debt-related figures were extracted and compared where available. - **Missing Data**: Some metrics (e.g., 2024 NAV per share, total investments in 2024) were not provided in the text, hence marked as "Not Provided". This table provides a clear year-on-year comparison of the available financial and debt metrics.
06:01
93 Strong Beat
HTWS
Helios Towers Plc
Positive
**Summary:** Helios Towers PLC, an independent mobile tower company, announced its full-year results for 2025, showcasing strong performance and progress towards its strategic goals. The company reported a 12% growth in Adjusted EBITDA, reaching US$471.1 million, and a significant expansion in free cash flow, exceeding expectations. Key highlights include: - **Financial Performance:** Helios Towers achieved a 9% increase in tenancies, reaching 31,944, and improved its tenancy ratio to 2.17x. Revenue grew by 8% to US$854.1 million, driven by organic tenancy growth and contractual escalators. Adjusted EBITDA margin increased to 55%, and operating profit rose by 18% to US$286.0 million. - **Strategic Progress:** The company successfully launched its IMPACT 2030 strategy, aiming for capital-efficient growth, sustained free cash flow, and shareholder returns. It achieved its 2.2x tenancy ratio target a year ahead of schedule, demonstrating operational excellence. - **Capital Allocation:** Helios Towers maintained a disciplined capital allocation approach, with discretionary capital additions of US$138.3 million, supporting site and colocation additions, power investments, and upgrades. Net leverage decreased to 3.4x, and the companys credit rating was upgraded by Moodys to Ba3. - **2026 Outlook:** The company provided guidance for 2026, expecting Adjusted EBITDA of US$510-525 million and recurring free cash flow of US$210-225 million. It plans to allocate capital for discretionary capex, share buybacks, and dividends, demonstrating a commitment to shareholder returns. - **Sustainable Growth:** Helios Towers emphasized its focus on sustainable growth, with 94% of its workforce being local and a commitment to diversity, reaching 29% female representation in 2025. The company also highlighted its efforts in climate action, investing in cleaner energy solutions and reducing carbon emissions. - **Market Position:** Operating in nine countries across Africa and the Middle East, Helios Towers connects over 158 million people, providing reliable mobile network coverage. Its infrastructure-sharing model supports mobile penetration and enables faster rollout, lower costs, and improved power performance for mobile operators. In summary, Helios Towers PLCs 2025 results demonstrate strong financial and operational performance, strategic progress, and a commitment to sustainable growth and shareholder value creation. The company is well-positioned to capitalize on the growing demand for mobile infrastructure in its markets, driven by population growth, increasing mobile penetration, and data consumption.
**Summary**
Helios Towers PLC, an independent mobile tower company, announced its full-year results for 2025, showcasing strong performance and progress towards its strategic goals. The company reported a 12% growth in Adjusted EBITDA, reaching US$471.1 million, and a significant expansion in free cash flow, exceeding expectations. Key highlights include
**Financial Performance** Helios Towers achieved a 9% increase in tenancies, reaching 31,944, and improved its tenancy ratio to 2.17x. Revenue grew by 8% to US$854.1 million, driven by organic tenancy growth and contractual escalators. Adjusted EBITDA margin increased to 55%, and operating profit rose by 18% to US$286.0 million.
**Strategic Progress** The company successfully launched its IMPACT 2030 strategy, aiming for capital-efficient growth, sustained free cash flow, and shareholder returns. It achieved its 2.2x tenancy ratio target a year ahead of schedule, demonstrating operational excellence.
**Capital Allocation** Helios Towers maintained a disciplined capital allocation approach, with discretionary capital additions of US$138.3 million, supporting site and colocation additions, power investments, and upgrades. Net leverage decreased to 3.4x, and the companys credit rating was upgraded by Moodys to Ba3.
**2026 Outlook** The company provided guidance for 2026, expecting Adjusted EBITDA of US$510-525 million and recurring free cash flow of US$210-225 million. It plans to allocate capital for discretionary capex, share buybacks, and dividends, demonstrating a commitment to shareholder returns.
**Sustainable Growth** Helios Towers emphasized its focus on sustainable growth, with 94% of its workforce being local and a commitment to diversity, reaching 29% female representation in 2025. The company also highlighted its efforts in climate action, investing in cleaner energy solutions and reducing carbon emissions.
**Market Position** Operating in nine countries across Africa and the Middle East, Helios Towers connects over 158 million people, providing reliable mobile network coverage. Its infrastructure-sharing model supports mobile penetration and enables faster rollout, lower costs, and improved power performance for mobile operators.
In summary, Helios Towers PLCs 2025 results demonstrate strong financial and operational performance, strategic progress, and a commitment to sustainable growth and shareholder value creation. The company is well-positioned to capitalize on the growing demand for mobile infrastructure in its markets, driven by population growth, increasing mobile penetration, and data consumption.
Here is the comparison of financials and debt year on year for Helios Towers PLC, presented as an HTML table:
MetricFY 2025FY 2024Change
Tenancies31,94429,406+9%
Tenancy ratio2.17x2.05x+0.12x
Adjusted EBITDA (US$m)471.1421.0+12%
Operating profit (US$m)286.0242.3+18%
Recurring free cash flow (US$m)207.5147.9+40%
Free cash flow (US$m)66.418.7+249%
Cash generated from operations (US$m)480.5397.2+21%
Return on invested capital (ROIC) (US$m)13.5%12.9%+0.6ppt
Net leverage3.4x4.0x-0.6x
**Key Highlights:** - **Tenancies and Tenancy Ratio:** Tenancies increased by 9% to 31,944, and the tenancy ratio improved to 2.17x from 2.05x in the previous year. - **Adjusted EBITDA and Operating Profit:** Adjusted EBITDA grew by 12% to $471.1 million, and operating profit increased by 18% to $286.0 million. - **Cash Flow Metrics:** Recurring free cash flow saw a significant increase of 40% to $207.5 million, while free cash flow more than tripled to $66.4 million. Cash generated from operations also rose by 21% to $480.5 million. - **Return on Invested Capital (ROIC):** ROIC improved by 0.6 percentage points to 13.5%. - **Net Leverage:** Net leverage decreased by 0.6x to 3.4x, indicating a stronger financial position. This table provides a concise comparison of key financial and debt metrics for Helios Towers PLC between FY 2025 and FY 2024, highlighting the company's growth and improved financial health.
06:01
80 Positive
OPT
Optima Health plc
Positive
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NewContract
06:01
93 Strong Beat
VSVS
Vesuvius PLC
Positive
**Summary of Vesuvius plcs Final Results for the Year Ended 31 December 2025** Vesuvius plc, a global leader in molten metal flow engineering and technology, reported its final results for the year ended 31 December 2025, highlighting resilience despite challenging market conditions. The companys performance was in line with expectations, driven by a strong focus on cost reduction and the benefits of its technology strategy. **Financial Highlights:** - **Revenue:** £1,809.5 million, a 0.7% increase on a like-for-like basis, but a 0.6% decline on a reported basis due to FX headwinds. - **Trading Profit (Adjusted Operating Profit):** £151.1 million, down 17.0% on a like-for-like basis and 19.6% on a reported basis, primarily due to challenging market conditions in EMEA. - **Return on Sales (RoS):** 8.4%, down 170 basis points on a like-for-like basis. - **Adjusted Basic EPS:** 34.2p, down 17.7% on a like-for-like basis. - **Free Cash Flow:** £36.0 million, down 37.7% compared to 2024. - **Net Debt / EBITDA:** 2.0x, up from 1.3x in 2024. **Key Developments:** - **Cost Reduction Program:** Delivered £17.8 million in savings, ahead of initial expectations, as part of a £55 million multi-year program. - **New Product Sales:** Increased to 20.5%, reaching the 2026 target a year early, with a strong pipeline of new products. - **Acquisitions:** Completed acquisitions of PiroMET and MMS, strengthening presence in Turkey and the non-ferrous foundry market. - **Dividend:** Proposed final dividend of 16.5p, bringing the full-year dividend to 23.6p, a 0.4% increase. **Segment Performance:** - **Steel Division:** Revenue grew slightly (+1.4% like-for-like) due to market share gains and pricing increases, but trading profit fell 18.3% due to inflationary costs and temporary manufacturing inefficiencies. - **Foundry Division:** Revenue declined 1.5% like-for-like due to weak markets outside India and China, with trading profit down 11.2% due to negative net pricing in H1. **Outlook:** - **2026:** Expected to be a transition year to recovery, with modest volume growth, continued cost reduction, and full-year contributions from recent acquisitions. - **Cash Flow:** Anticipated to grow in 2026 due to improved trading profit and normalized investment capex. - **RoS Target:** Continues to target 12.5% RoS, supported by self-help measures and more favorable market conditions from 2027. **Strategic Focus:** - **Innovation:** Continued investment in R&D, with a focus on materials science and mechatronics solutions. - **Sustainability:** Progressed on decarbonization goals, reducing carbon intensity by 31.4% compared to 2019. - **Safety:** Achieved a Lost Time Injury Frequency Rate of 0.7, well ahead of the industry average, despite one work-related fatality. **Conclusion:** Vesuvius plc demonstrated resilience in 2025, navigating challenging market conditions through cost reduction, strategic acquisitions, and a focus on innovation. The company is positioned for recovery in 2026, with expectations of profit growth and improved cash flow, supported by its ongoing strategic initiatives and market share gains.
**Summary of Vesuvius plcs Final Results for the Year Ended 31 December 2025**
Vesuvius plc, a global leader in molten metal flow engineering and technology, reported its final results for the year ended 31 December 2025, highlighting resilience despite challenging market conditions. The companys performance was in line with expectations, driven by a strong focus on cost reduction and the benefits of its technology strategy.
**Financial Highlights**
**Revenue** £1,809.5 million, a 0.7% increase on a like-for-like basis, but a 0.6% decline on a reported basis due to FX headwinds.
**Trading Profit (Adjusted Operating Profit):** £151.1 million, down 17.0% on a like-for-like basis and 19.6% on a reported basis, primarily due to challenging market conditions in EMEA.
**Return on Sales (RoS)** 8.4%, down 170 basis points on a like-for-like basis.
**Adjusted Basic EPS:** 34.2pdown 17.7% on a like-for-like basis.
**Free Cash Flow:** £36.0 milliondown 37.7% compared to 2024.
**Net Debt / EBITDA:** 2.0xup from 1.3x in 2024.
**Key Developments**
**Cost Reduction Program** Delivered £17.8 million in savings, ahead of initial expectations, as part of a £55 million multi-year program.
**New Product Sales** Increased to 20.5%, reaching the 2026 target a year early, with a strong pipeline of new products.
**Acquisitions** Completed acquisitions of PiroMET and MMS, strengthening presence in Turkey and the non-ferrous foundry market.
**Dividend** Proposed final dividend of 16.5p, bringing the full-year dividend to 23.6p, a 0.4% increase.
**Segment Performance**
**Steel Division** Revenue grew slightly (+1.4% like-for-like) due to market share gains and pricing increases, but trading profit fell 18.3% due to inflationary costs and temporary manufacturing inefficiencies.
**Foundry Division** Revenue declined 1.5% like-for-like due to weak markets outside India and China, with trading profit down 11.2% due to negative net pricing in H1.
**Outlook**
**2026** Expected to be a transition year to recovery, with modest volume growth, continued cost reduction, and full-year contributions from recent acquisitions.
**Cash Flow** Anticipated to grow in 2026 due to improved trading profit and normalized investment capex.
**RoS Target** Continues to target 12.5% RoS, supported by self-help measures and more favorable market conditions from 2027.
**Strategic Focus**
**Innovation** Continued investment in R&D, with a focus on materials science and mechatronics solutions.
**Sustainability** Progressed on decarbonization goals, reducing carbon intensity by 31.4% compared to 2019.
**Safety** Achieved a Lost Time Injury Frequency Rate of 0.7, well ahead of the industry average, despite one work-related fatality.
**Conclusion**
Vesuvius plc demonstrated resilience in 2025, navigating challenging market conditions through cost reduction, strategic acquisitions, and a focus on innovation. The company is positioned for recovery in 2026, with expectations of profit growth and improved cash flow, supported by its ongoing strategic initiatives and market share gains.
Here is the HTML table code comparing the financials and debt year on year for Vesuvius plc:
Metric2025 (£m)2024 (£m)Like-for-like changeYear-on-year change
Revenue1,809.51,820.1+0.7%(0.6%)
Trading Profit151.1188.0(17.0%)(19.6%)
Return on Sales8.4%10.3%-170bps-190bps
Adjusted basic EPS (pence)34.2p43.3p(17.7%)(21.0%)
Free cash flow36.057.8NA(37.7%)
Net Debt / EBITDA2.0x1.3xNA+0.7x
**Key Observations:** * **Revenue:** Slight increase on a like-for-like basis (+0.7%), but a slight decrease on a reported basis (-0.6%). * **Trading Profit:** Significant decline both on a like-for-like basis (-17.0%) and reported basis (-19.6%). * **Return on Sales:** Decreased by 170bps on a like-for-like basis and 190bps on a reported basis. * **Adjusted basic EPS:** Decreased by 17.7% on a like-for-like basis and 21.0% on a reported basis. * **Free Cash Flow:** Substantial decrease of 37.7%. * **Net Debt / EBITDA:** Increased by 0.7x, indicating higher leverage.
06:01
80 Positive
ABDX
Abingdon Health Plc
Positive
**Summary:** Abingdon Health plc, a UK-based med-tech contract service provider, has secured a $2.5 million contract to develop a clinical self-<mark style="background-color:yellow">test</mark> for an undisclosed UK-based client. The 18-month project, starting in March 2026, involves end-to-end project management and technical support across feasibility, design, development, verification, and validation phases. This contract highlights Abingdon Healths expertise in rapid diagnostic tests, ISO 13485:2016 quality management, and regulatory compliance. The majority of revenues will be recognized in the financial year ending June 2027. Dr. Chris Hand, Executive Chairman, emphasized the companys strategic position in the point-of-contact diagnostics market and its ability to manage complex international programs. This award reinforces Abingdon Healths role as a leading CDMO/CRO service provider in the diagnostics sector.
**Summary**
Abingdon Health plc, a UK-based med-tech contract service provider, has secured a $2.5 million contract to develop a clinical self-<mark style="background-color:yellow">test</mark> for an undisclosed UK-based client. The 18-month project, starting in March 2026, involves end-to-end project management and technical support across feasibility, design, development, verification, and validation phases. This contract highlights Abingdon Healths expertise in rapid diagnostic tests, ISO 13485:2016 quality management, and regulatory compliance. The majority of revenues will be recognized in the financial year ending June 2027. Dr. Chris Hand, Executive Chairman, emphasized the companys strategic position in the point-of-contact diagnostics market and its ability to manage complex international programs. This award reinforces Abingdon Healths role as a leading CDMO/CRO service provider in the diagnostics sector.
NewContract
06:01
88 Trading Edge
TRN
Trainline Plc
Positive
**Summary:** Trainline PLC, the leading independent rail and coach travel platform, reported solid financial performance for FY2026 (ending February 28, 2026), meeting enhanced expectations. Key highlights include: 1. **Financial Performance:** - **Net Ticket Sales:** Total group sales rose 7% YoY to £6.3 billion, within the 6-9% guidance range. UK Consumer sales grew 6% to £4.1 billion, International Consumer sales increased 5% to £1.1 billion (3% on a constant currency basis), and Trainline Solutions sales surged 15% to £1.1 billion. - **Revenue:** Group revenue grew 2% YoY to £453 million, tracking towards the upper end of the 0-3% guidance range. UK Consumer revenue declined 2% to £204 million due to a commission rate cut, while International Consumer revenue rose 12% to £60 million, and Trainline Solutions revenue increased 4% to £189 million. - **Adjusted EBITDA:** Expected to grow 10-13%, outpacing revenue and net ticket sales growth, driven by operating leverage and cost discipline. 2. **Operational Highlights:** - **UK Consumer:** Strengthened customer engagement with 18 million users, expanded digital railcard base by 16% to 2.7 million, and launched Way to Train disruption features. Growth was partially offset by TFLs Project Oval and rail operators self-preferencing of their own channels. - **International Consumer:** Benefited from new carrier competition (e.g., 26% growth in South-East France) and rebounding foreign travel in H2. Growth in Spain was impacted by rail safety concerns. - **Trainline Solutions:** B2B Distribution grew 36%, driven by business travel sales, particularly in Europe. Lost white-label contracts with Cross-Country and ScotRail pose future headwinds. 3. **Strategic Initiatives:** - Launched an online petition for fair automated delay-repay access, garnering 25,000 signatures. - Progressed share buyback program, repurchasing £75 million of shares under the £150 million program, with £275 million bought back since September 2023. 4. **Future Outlook:** - Full-year results for FY2026 will be published on May 6, 2026, with an analyst presentation at 9:00 am UK time. Trainline remains focused on driving growth through customer engagement, ancillary revenues, and strategic market positioning, despite industry challenges.
**Summary**
Trainline PLC, the leading independent rail and coach travel platform, reported solid financial performance for FY2026 (ending February 28, 2026), meeting enhanced expectations. Key highlights include
1. **Financial Performance**
**Net Ticket Sales** Total group sales rose 7% YoY to £6.3 billion, within the 6-9% guidance range. UK Consumer sales grew 6% to £4.1 billion, International Consumer sales increased 5% to £1.1 billion (3% on a constant currency basis), and Trainline Solutions sales surged 15% to £1.1 billion.
**Revenue** Group revenue grew 2% YoY to £453 million, tracking towards the upper end of the 0-3% guidance range. UK Consumer revenue declined 2% to £204 million due to a commission rate cut, while International Consumer revenue rose 12% to £60 million, and Trainline Solutions revenue increased 4% to £189 million.
**Adjusted EBITDA** Expected to grow 10-13%, outpacing revenue and net ticket sales growth, driven by operating leverage and cost discipline.
2. **Operational Highlights**
**UK Consumer** Strengthened customer engagement with 18 million users, expanded digital railcard base by 16% to 2.7 million, and launched Way to Train disruption features. Growth was partially offset by TFLs Project Oval and rail operators self-preferencing of their own channels.
**International Consumer** Benefited from new carrier competition (e.g., 26% growth in South-East France) and rebounding foreign travel in H2. Growth in Spain was impacted by rail safety concerns.
**Trainline Solutions** B2B Distribution grew 36%, driven by business travel sales, particularly in Europe. Lost white-label contracts with Cross-Country and ScotRail pose future headwinds.
3. **Strategic Initiatives**
Launched an online petition for fair automated delay-repay access, garnering 25,000 signatures.
Progressed share buyback program, repurchasing £75 million of shares under the £150 million program, with £275 million bought back since September 2023.
4. **Future Outlook**
Full-year results for FY2026 will be published on May 6, 2026, with an analyst presentation at 9:00 am UK time.
Trainline remains focused on driving growth through customer engagement, ancillary revenues, and strategic market positioning, despite industry challenges.
Below is the HTML table code comparing the financials and debt year on year based on the provided text. Since debt information is not explicitly mentioned in the text, the table focuses on the financial metrics provided (Net Ticket Sales and Revenue). < lang="en">Trainline Financials Comparison (FY2025 vs FY2026)

Trainline Financials Comparison (FY2025 vs FY2026)

MetricFY2025 (£m)FY2026 (£m)YoY Change (%)YoY Change (CCY) (%)
Net Ticket Sales (£m)
UK Consumer3,9124,135+6%+6%
International Consumer1,0551,104+5%+3%
Trainline Solutions9411,081+15%+14%
Total Group5,9076,319+7%+7%
Revenue (£m)
UK Consumer208204-2%-2%
International Consumer5360+12%+10%
Trainline Solutions181189+4%+4%
Total Group442453+2%+2%

Note: CCY = Constant Currency. Debt information is not available in the provided text.

This HTML code creates a styled table comparing the financials for FY2025 and FY2026, including Net Ticket Sales and Revenue for each segment and the total group. Since debt details are not provided in the text, a note is added to indicate this.
06:01
80 Positive
SWG
Shearwater Group plc
Positive
**Summary:** Shearwater Group PLC, a cybersecurity and managed security services provider, announced on March 12, 2026, that its subsidiary Brookcourt Solutions has secured a £1.3 million contract with a major UK telecommunications provider. Under the agreement, Brookcourt will supply and install an advanced network monitoring solution to enhance visibility, proactively monitor performance, and ensure the resilience of the telcos network infrastructure. The contract value will be fully recognized in FY26, bolstering Shearwaters financial performance. Phil Higgins, CEO of Shearwater, highlighted the win as a <mark style="background-color:yellow">test</mark>ament to Brookcourts technical expertise in supporting complex network environments. The deployment is expected to begin shortly, reinforcing Shearwaters growth strategy in the cybersecurity and managed services sector.
**Summary**
Shearwater Group PLC, a cybersecurity and managed security services provider, announced on March 12, 2026, that its subsidiary Brookcourt Solutions has secured a £1.3 million contract with a major UK telecommunications provider. Under the agreement, Brookcourt will supply and install an advanced network monitoring solution to enhance visibility, proactively monitor performance, and ensure the resilience of the telcos network infrastructure. The contract value will be fully recognized in FY26, bolstering Shearwaters financial performance. Phil Higgins, CEO of Shearwater, highlighted the win as a <mark style="background-color:yellow">test</mark>ament to Brookcourts technical expertise in supporting complex network environments. The deployment is expected to begin shortly, reinforcing Shearwaters growth strategy in the cybersecurity and managed services sector.
NewContract
06:01
93 Strong Beat
FAN
Volution Group plc
Positive
**Summary of Volution Group plcs Half-Year Results for the Six Months Ended 31 January 2026** **Overview** Volution Group plc, a leading international designer and manufacturer of energy-efficient indoor air quality solutions, reported strong first-half performance for FY26, with robust organic growth and margin expansion. The Group achieved total revenue growth of 21.7%, driven by organic growth of 4.2% (constant currency), inorganic growth of 16.4%, and a 1.1% favorable currency impact. Adjusted operating profit increased by 21.1% to £51.6 million, with margins slightly down to 22.6% due to the dilutive impact of the Fantech acquisition. The interim dividend was raised by 17.6% to 4.0 pence per share, reflecting confidence in the Groups prospects. **Financial Highlights** - **Revenue**: £228.7 million, up 21.7% (20.6% at constant currency). - **Adjusted Operating Profit**: £51.6 million, up 21.1%. - **Adjusted Operating Margin**: 22.6%, down 0.1 percentage points. - **Profit Before Tax**: £46.5 million, up 20.7%. - **Basic EPS**: 18.2 pence, up 19.0%. - **Operating Cash Flow**: £51.6 million, up 7.7%, with a cash conversion rate of 98%. **Operational Highlights** - **Acquisitions**: Completed the acquisition of AC Industries on 2 February 2026, strengthening the Groups position in Australasia and entering the gold and copper mining ventilation systems market. - **Organic Growth**: All three regions (UK, Continental Europe, and Australasia) achieved organic revenue growth, with the UK up 3.8%, Continental Europe up 10.7% (5.3% at constant currency), and Australasia up 83.6% (87.8% at constant currency), primarily driven by the Fantech acquisition. - **Low Carbon Revenue**: Increased to 72.1% of total revenue, reflecting continued growth in heat recovery and low-carbon solutions. - **Capex**: £4.3 million, including investments in injection moulding capacity in the UK, metal fabrication in the Nordics, and facility expansion in North Macedonia. **Regional Performance** - **UK**: Revenue grew by 3.8% to £86.5 million, with adjusted operating profit up 6.2% to £22.7 million. Margins improved to 26.3% due to value engineering and operational excellence. - **Continental Europe**: Revenue increased by 10.7% (5.3% at constant currency) to £75.4 million, with adjusted operating profit up 16.3% to £19.1 million. Margins rose to 25.3% due to low-carbon revenue growth. - **Australasia**: Revenue surged by 83.6% (87.8% at constant currency) to £66.8 million, primarily due to the Fantech acquisition. Organic growth was 3.3% at constant currency. Adjusted operating profit increased by 75.3% to £13.6 million, with margins at 20.4%. **Strategic Initiatives** - **Acquisition Strategy**: The successful integration of Fantech and the acquisition of AC Industries highlight the Groups focus on inorganic growth. - **Management Strengthening**: Continued to enhance regional management structures, with key appointments in the UK, Germany, and Group IT. - **Sustainability**: Increased focus on low-carbon products and sustainability, with 72.1% of revenue from low-carbon solutions. **Outlook** The Group expects further strategic and operational progress in the second half of FY26, supported by regulatory tailwinds and market dynamics. Despite uncertainties in end markets, geographic diversity provides resilience. The Board anticipates adjusted earnings per share for FY26 to be at the top end of market forecasts (35.0p to 36.5p). **Conclusion** Volution Group plc delivered a strong first-half performance, underpinned by organic growth, strategic acquisitions, and operational excellence. The Group remains well-positioned to capitalize on regulatory tailwinds and market opportunities, with a focus on sustainability and long-term growth.
**Summary of Volution Group plcs Half-Year Results for the Six Months Ended 31 January 2026**
**Overview**
Volution Group plc, a leading international designer and manufacturer of energy-efficient indoor air quality solutions, reported strong first-half performance for FY26, with robust organic growth and margin expansion. The Group achieved total revenue growth of 21.7%, driven by organic growth of 4.2% (constant currency), inorganic growth of 16.4%, and a 1.1% favorable currency impact. Adjusted operating profit increased by 21.1% to £51.6 million, with margins slightly down to 22.6% due to the dilutive impact of the Fantech acquisition. The interim dividend was raised by 17.6% to 4.0 pence per share, reflecting confidence in the Groups prospects.
**Financial Highlights**
**Revenue**£228.7 million, up 21.7% (20.6% at constant currency).
**Adjusted Operating Profit**£51.6 million, up 21.1%.
**Adjusted Operating Margin**: 22.6%down 0.1 percentage points.
**Profit Before Tax**: £46.5 millionup 20.7%.
**Basic EPS**: 18.2 penceup 19.0%.
**Operating Cash Flow**£51.6 million, up 7.7%, with a cash conversion rate of 98%.
**Operational Highlights**
**Acquisitions**Completed the acquisition of AC Industries on 2 February 2026, strengthening the Groups position in Australasia and entering the gold and copper mining ventilation systems market.
**Organic Growth**All three regions (UK, Continental Europe, and Australasia) achieved organic revenue growth, with the UK up 3.8%, Continental Europe up 10.7% (5.3% at constant currency), and Australasia up 83.6% (87.8% at constant currency), primarily driven by the Fantech acquisition.
**Low Carbon Revenue**Increased to 72.1% of total revenue, reflecting continued growth in heat recovery and low-carbon solutions.
**Capex**£4.3 million, including investments in injection moulding capacity in the UK, metal fabrication in the Nordics, and facility expansion in North Macedonia.
**Regional Performance**
**UK**Revenue grew by 3.8% to £86.5 million, with adjusted operating profit up 6.2% to £22.7 million. Margins improved to 26.3% due to value engineering and operational excellence.
**Continental Europe**Revenue increased by 10.7% (5.3% at constant currency) to £75.4 million, with adjusted operating profit up 16.3% to £19.1 million. Margins rose to 25.3% due to low-carbon revenue growth.
**Australasia**Revenue surged by 83.6% (87.8% at constant currency) to £66.8 million, primarily due to the Fantech acquisition. Organic growth was 3.3% at constant currency. Adjusted operating profit increased by 75.3% to £13.6 million, with margins at 20.4%.
**Strategic Initiatives**
**Acquisition Strategy**The successful integration of Fantech and the acquisition of AC Industries highlight the Groups focus on inorganic growth.
**Management Strengthening**Continued to enhance regional management structures, with key appointments in the UK, Germany, and Group IT.
**Sustainability**Increased focus on low-carbon products and sustainability, with 72.1% of revenue from low-carbon solutions.
**Outlook**
The Group expects further strategic and operational progress in the second half of FY26, supported by regulatory tailwinds and market dynamics. Despite uncertainties in end markets, geographic diversity provides resilience. The Board anticipates adjusted earnings per share for FY26 to be at the top end of market forecasts (35.0p to 36.5p).
**Conclusion**
Volution Group plc delivered a strong first-half performance, underpinned by organic growth, strategic acquisitions, and operational excellence. The Group remains well-positioned to capitalize on regulatory tailwinds and market opportunities, with a focus on sustainability and long-term growth.
Here’s an HTML table comparing the financials and debt year-on-year for Volution Group PLC based on the provided text:
MetricH1 2026 (£m)H1 2025 (£m)Change %Notes
Revenue228.7187.8+21.7%Total revenue growth, including organic, inorganic, and currency impact.
Operating Profit51.642.6+21.1%Adjusted operating profit.
Operating Profit Margin22.6%22.7%-0.1ppAdjusted operating profit margin.
Profit Before Tax46.538.6+20.7%Adjusted profit before tax.
Basic EPS (pence)18.215.3+19.0%Adjusted basic earnings per share.
Operating Cash Flow51.647.9+7.7%Adjusted operating cash flow.
Net Debt (£m)185.7186.8-0.6%Net debt at period end, including bank borrowings and lease liabilities.
Debt Leverage (x)1.31.5-13.3%Net debt to adjusted EBITDA ratio.
Interim Dividend per Share (p)4.03.4+17.6%Interim dividend declared per share.
### Key Highlights: 1. **Revenue Growth**: Increased by 21.7%, driven by organic growth, inorganic acquisitions (e.g., Fantech and AC Industries), and favorable currency impact. 2. **Profitability**: Adjusted operating profit and profit before tax grew by 21.1% and 20.7%, respectively, despite margin dilution from acquisitions. 3. **Debt Position**: Net debt decreased slightly, and leverage improved to 1.3x from 1.5x, reflecting strong cash generation and disciplined financial management. 4. **Dividend**: Interim dividend increased by 17.6%, demonstrating confidence in the Group's prospects. This table provides a concise comparison of key financial and debt metrics between H1 2026 and H1 2025.
06:01
88 Trading Edge
HLMA
Halma PLC
Positive
**Summary:** Halma plc, a global group of life-saving technology companies, released a trading update on March 12, 2026, ahead of its financial year-end on March 31, 2026. The company reports strong progress in the second half of the financial year, consistent with its upgraded guidance from November 2025. Key highlights include: 1. **Financial Performance**: - Expected mid-teens percentage organic constant currency revenue growth, driven by premium growth in photonics within the Environmental & Analysis Sector. - Adjusted EBIT margin of around 22% (excluding a one-off profit from the Nuvonic transaction). - Full-year cash conversion in line with the 90% KPI, supporting strategic investments and acquisitions. 2. **Market Conditions**: - Varied end-market conditions and economic uncertainties, but broad-based growth across the Group due to its Sustainable Growth Model. - Order intake remains ahead of revenue and the comparable period last year. 3. **Acquisitions**: - Completed five acquisitions in the year, totaling a record £451m in investment, with a healthy pipeline across all three sectors (Safety, Environment, Healthcare). - Notable acquisitions include E2S Group Ltd, Safetec Srl, and Altomed. 4. **Currency Impact**: - Sterling appreciation is expected to negatively impact revenue by £63m and profit by £14m due to currency translation effects. 5. **Future Outlook**: - On track to deliver the 23rd consecutive year of record Adjusted profit. - Full-year results will be released on June 11, 2026. Halma remains focused on its purpose of growing a safer, cleaner, healthier future, with over 9,000 employees across more than 20 countries and a strong position in the FTSE 100 index.
**Summary**
Halma plc, a global group of life-saving technology companies, released a trading update on March 12, 2026, ahead of its financial year-end on March 31, 2026. The company reports strong progress in the second half of the financial year, consistent with its upgraded guidance from November 2025. Key highlights include
1. **Financial Performance**
Expected mid-teens percentage organic constant currency revenue growth, driven by premium growth in photonics within the Environmental & Analysis Sector.
Adjusted EBIT margin of around 22% (excluding a one-off profit from the Nuvonic transaction).
Full-year cash conversion in line with the 90% KPI, supporting strategic investments and acquisitions.
2. **Market Conditions**
Varied end-market conditions and economic uncertainties, but broad-based growth across the Group due to its Sustainable Growth Model.
Order intake remains ahead of revenue and the comparable period last year.
3. **Acquisitions**
Completed five acquisitions in the year, totaling a record £451m in investment, with a healthy pipeline across all three sectors (Safety, Environment, Healthcare).
Notable acquisitions include E2S Group Ltd, Safetec Srl, and Altomed.
4. **Currency Impact**
Sterling appreciation is expected to negatively impact revenue by £63m and profit by £14m due to currency translation effects.
5. **Future Outlook**
On track to deliver the 23rd consecutive year of record Adjusted profit.
Full-year results will be released on June 11, 2026.
Halma remains focused on its purpose of growing a safer, cleaner, healthier future, with over 9,000 employees across more than 20 countries and a strong position in the FTSE 100 index.
The provided text does not contain specific financial or debt figures for a year-on-year comparison. However, I can extract the key financial highlights and acquisition details mentioned in the trading update and present them in an HTML table format for clarity. Here’s the HTML code for the table:
MetricDetails
Revenue Growth (Organic Constant Currency)Mid-teens percentage growth expected for FY 2026
Adjusted EBIT Margin (excluding one-off profit)Around 22% expected for FY 2026
Cash ConversionExpected to be in line with KPI of 90% for FY 2026
Currency Translation Impact (FY 2026 vs FY 2025)Expected negative impact: £63m on revenue, £14m on profit
Acquisitions (FY 2026 YTD)5 acquisitions completed, total investment: £451m (maximum total consideration)
Acquisition Details
  • E2S Group Ltd: £230m (December 2025)
  • Safetec Srl: €72.5m (£63m) (January 2026)
  • Altomed: £29m (February 2026)
One-off Profit (FY 2026)£8.6m from Nuvonic transaction (excluded from Adjusted EBIT margin guidance)
### Explanation: - **Revenue Growth**: Mid-teens percentage organic constant currency growth is expected for the financial year ending March 2026. - **Adjusted EBIT Margin**: Expected to be around 22%, excluding the one-off profit from the Nuvonic transaction. - **Cash Conversion**: Expected to meet the 90% KPI. - **Currency Translation Impact**: Sterling appreciation is expected to negatively impact revenue by £63m and profit by £14m compared to FY 2025. - **Acquisitions**: Five acquisitions were completed in the year to date, with a total investment of £451m. Details of three recent acquisitions are provided. - **One-off Profit**: A £8.6m one-off profit from the Nuvonic transaction is noted but excluded from the Adjusted EBIT margin guidance. Since there are no direct year-on-year financial figures provided in the text, the table focuses on the key highlights and expectations for FY 2026.
06:01
80 Positive
GEX
Georgina Energy PLC
Positive
**Summary:** Georgina Energy PLC provided an update on the Hussar EP513 drill contract, highlighting ongoing discussions with Ensign Energy regarding the supply of its Ensign 970 drilling rig. Ensign has until March 18, 2026, to respond to the standard contract, while Georgina continues to review other rig options. The company remains on track for civil engineering access and site works to commence in Q2 2026, with drill <mark style="background-color:yellow">test</mark>ing planned for Q3 2026. Georgina is working closely with Harlequin Energy and its partners following the signing of an off-take agreement, which will fund the drilling and field development. Preparatory works, including water well drilling rig access and road repairs, are progressing, supported by technical consultant Aztech Well Construction. The Hussar prospect, one of the largest subsalt Helium, Hydrogen, and Hydrocarbons prospects in onshore Australia, has a targeted drilling depth of approximately 2,800 meters. Georgina Energy aims to capitalize on the growing demand for hydrogen and helium, leveraging its strategic onshore interests in Australia.
**Summary**
Georgina Energy PLC provided an update on the Hussar EP513 drill contract, highlighting ongoing discussions with Ensign Energy regarding the supply of its Ensign 970 drilling rig. Ensign has until March 18, 2026, to respond to the standard contract, while Georgina continues to review other rig options. The company remains on track for civil engineering access and site works to commence in Q2 2026, with drill <mark style="background-color:yellow">test</mark>ing planned for Q3 2026. Georgina is working closely with Harlequin Energy and its partners following the signing of an off-take agreement, which will fund the drilling and field development. Preparatory works, including water well drilling rig access and road repairs, are progressing, supported by technical consultant Aztech Well Construction. The Hussar prospect, one of the largest subsalt Helium, Hydrogen, and Hydrocarbons prospects in onshore Australia, has a targeted drilling depth of approximately 2,800 meters. Georgina Energy aims to capitalize on the growing demand for hydrogen and helium, leveraging its strategic onshore interests in Australia.
NewContract
06:01
80 Positive
RSG
Resolute Mining Limited
Positive
**Summary:** Resolute Mining Limited has formally approved the Final Investment Decision (FID) for its Doropo Gold Project in Côte dIvoire, marking a significant step toward construction and production. This decision aligns with Resolutes strategy to become a leading multi-asset gold producer in West Africa, aiming to exceed 500,000 ounces of annual gold production by 2028. The project, located in the Bounkani Region, boasts robust economics, a 13-year initial mine life, and strong financial metrics, including a post-tax NPV of US$2.54 billion and an IRR of 72%. Construction is set to begin in H1 2026, supported by Resolutes strong balance sheet with a net cash position of US$209 million as of December 2025. The project is expected to generate significant shareholder value while benefiting local communities and national partners. Resolute will continue evaluating funding options to maintain financial flexibility as the project progresses.
**Summary**
Resolute Mining Limited has formally approved the Final Investment Decision (FID) for its Doropo Gold Project in Côte dIvoire, marking a significant step toward construction and production. This decision aligns with Resolutes strategy to become a leading multi-asset gold producer in West Africa, aiming to exceed 500,000 ounces of annual gold production by 2028. The project, located in the Bounkani Region, boasts robust economics, a 13-year initial mine life, and strong financial metrics, including a post-tax NPV of US$2.54 billion and an IRR of 72%. Construction is set to begin in H1 2026, supported by Resolutes strong balance sheet with a net cash position of US$209 million as of December 2025. The project is expected to generate significant shareholder value while benefiting local communities and national partners. Resolute will continue evaluating funding options to maintain financial flexibility as the project progresses.
Approvals
06:01
80 Positive
FOG
Falcon Oil & Gas Ltd.
Positive
**Summary:** Falcon Oil & Gas Ltd. announced on March 12, 2026, that its shareholders overwhelmingly approved (99.76% of votes cast) a transaction with Tamboran Resources Corporation. The transaction, structured as a plan of arrangement, involves Falcon, Tamboran, and related entities. Shareholder approval met the required thresholds, including a two-thirds majority and a simple majority excluding certain votes under regulatory requirements (MI 61-101). Completion of the transaction is contingent on several conditions, including court approval, NYSE listing authorization for Tamboran’s common stock, absence of legal prohibitions, no material adverse changes, and standard closing conditions. If finalized by March 16, 2026, Falcon’s shares will be suspended from trading on AIM on March 17 and delisted on March 18. However, the timeline is subject to all conditions being met, with no guarantees. The transaction excludes votes from Falcon’s CEO and CFO due to their significant shareholdings, as per regulatory requirements. Further details are available on SEDAR+ and Falcon’s website. The company cautioned that forward-looking statements regarding the transaction involve risks, including regulatory approvals, integration challenges, and market conditions. Falcon operates in unconventional oil and gas exploration, with assets in Australia, South Africa, and Hungary.
**Summary**
Falcon Oil & Gas Ltd. announced on March 12, 2026, that its shareholders overwhelmingly approved (99.76% of votes cast) a transaction with Tamboran Resources Corporation. The transaction, structured as a plan of arrangement, involves Falcon, Tamboran, and related entities. Shareholder approval met the required thresholds, including a two-thirds majority and a simple majority excluding certain votes under regulatory requirements (MI 61-101).
Completion of the transaction is contingent on several conditions, including court approval, NYSE listing authorization for Tamboran’s common stock, absence of legal prohibitions, no material adverse changes, and standard closing conditions. If finalized by March 16, 2026, Falcon’s shares will be suspended from trading on AIM on March 17 and delisted on March 18. However, the timeline is subject to all conditions being met, with no guarantees.
The transaction excludes votes from Falcon’s CEO and CFO due to their significant shareholdings, as per regulatory requirements. Further details are available on SEDAR+ and Falcon’s website. The company cautioned that forward-looking statements regarding the transaction involve risks, including regulatory approvals, integration challenges, and market conditions. Falcon operates in unconventional oil and gas exploration, with assets in Australia, South Africa, and Hungary.
Approvals
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**Summary:** On March 12, 2026, Two Plus Two Holdings PTY, acting as Trustees of the Forty One Holdings Trust, disclosed its interests in Augmentum Fintech PLC under Rule 8.3 of the Takeover Code. The disclosure, dated March 11, 2026, rev…

**Summary**
On March 12, 2026, Two Plus Two Holdings PTY, acting as Trustees of the Forty One Holdings Trust, disclosed its interests in Augmentum Fintech PLC under Rule 8.3 of the Takeover Code. The disclosure, dated March 11, 2026, revealed that the trust holds 2,000,000 relevant securities of Augmentum Fintech PLC, representing 1.20% of the companys shares. Key individuals associated with the trust include Paul Longmuir (Beneficiary & Signatory), Allan Blaikie (Settlor), and Two Plus Two Holdings PTY (Trustees). No dealings, indemnities, or derivative arrangements were reported, and no Supplemental Form 8 (Open Positions) was attached. The disclosure complies with regulatory requirements for public opening position disclosures.
Takeover
CAN
CAN Groupe Canal Plus
15:12
Market

Director/PDMR Shareholding

OPT
OPT Optima Health plc
15:05
Market

Holding(s) in Company- Replacement

TR1 Buy

TR1 Buy
['Octopus Investments Limited', '15.930000', '16.000000']
VOF
VOF VinaCapital Vietnam Opportu…
15:01
Market

Dividend Declaration

ONT
ONT Oxford Nanopore Technologie…
15:01
Market

Share Incentive Plan - Director/PDMR Shareholding

Under the SIP, the SIP Trustee will award each participating employee one Matching Share (as defined in the SIP) for each Ordinary Share <mark style="background-color:yellow">purchase</mark>d by the employee under the SIP. On 12 March 2026…

Under the SIP, the SIP Trustee will award each participating employee one Matching Share (as defined in the SIP) for each Ordinary Share <mark style="background-color:yellow">purchase</mark>d by the employee under the SIP. On 12 March 2026, the Company issued 121 Ordinary Shares to the SIP Trustee to hold on behalf of Nick Keher to satisfy the Matching Shares awarded under the SIP to him on that date.
CHAR
CHAR Chariot Oil & Gas Limited
15:01
Market

Director Dealings

BMD
BMD Baronsmead Second Venture T…
14:46
Market

Quarterly Factsheet to 31 December 2025

BVT
BVT Baronsmead Venture Trust Plc
14:45
Market

Quarterly Factsheet to 31 December 2025

OPT
OPT Optima Health plc
14:40
Market

Total Voting Rights

ALT
ALT Altitude Group Plc
14:39
Market

Grant of Options and PDMR Dealing

ULVR
ULVR Unilever PLC
14:36
Market

Annual Financial Report

BNKR
BNKR Bankers Investment Trust
14:36
Market

Director/PDMR Shareholding

XPF
XPF XP Factory PLC
14:35
Market

Director/PDMR Shareholding

EWI
EWI Edinburgh Worldwide Investm…
14:31
Market

Flash update from Kepler Trust Intelligence

JTC
JTC JTC PLC
14:26
Market

Form 8.3

SDR
SDR Schroders PLC
14:26
Market

Form 8.3

AUGM
AUGM Augmentum Fintech PLC
14:26
Market

Form 8.3

JUST
JUST Just Group plc
14:26
Market

Form 8.3

BEZ
BEZ Beazley plc
14:26
Market

Form 8.3

IPF
IPF International Personal Fina…
14:26
Market

Form 8.3

BEZ
BEZ Beazley plc
14:26
Market

Form 8.3 - Amendment

LWI
LWI Lowland Investment Co
14:24
Market

Director/PDMR Shareholding

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

<mark style="background-coloryellow">Purchase</mark> of ordinary class shares
AUGM
AUGM Augmentum Fintech PLC
14:21
Market

Holding(s) in Company

TR1 Buy

TR1 Buy
['CANACCORD GENUITY GROUP INC', '4.9051', '9.8386']
CPI
CPI Capita PLC
14:21
Market

Holding(s) in Company

TR1 Buy

TR1 Buy
CPI
CPI Capita PLC
14:16
Market

Director/PDMR Shareholding

b) Nature of the transaction Market <mark style="background-color:yellow">Purchase</mark> of Ordinary Shares

b) Nature of the transaction Market <mark style="background-color:yellow">Purchase</mark> of Ordinary Shares
0HAG
0HAG Sampo Oyj A
14:11
Market

Sampo to launch a new long-term incentive scheme for 2026–2028

Please provide the text you would like me to summarize. Im ready when you are!

Please provide the text you would like me to summarize. Im ready when you are!
Launch
AJOT
AJOT AVI Japan Opportunity Trust…
14:08
Market

Monthly Update

HSBA
HSBA HSBC Holdings PLC
14:01
Market

Director/PDMR Shareholding

IPF
IPF International Personal Fina…
14:01
Market

Form 8.3

AA4
AA4 Amedeo Air Four Plus Limited
14:01
Market

Form 8.3

IDOX
IDOX IDOX plc
14:01
Market

Form 8.3

HILS
HILS Hill & Smith Holdings PLC
14:01
Market

Director/PDMR Shareholding

BRS
BRS Beacon Rise Holdings PLC
14:01
Market

Result of General Meeting

FGP
FGP FirstGroup PLC
14:00
Market

Director/PDMR Shareholding

BARC
BARC Barclays PLC
13:53
Market

Form 8.3 JUST GROUP PLC

HKLD
HKLD HONGKONG LAND HLDGS
13:41
Market

Transaction in Own Shares

FARN
FARN Faron Pharmaceuticals Oy
13:31
Market

FARON PHARMACEUTICALS LTD: HOLDING(S) IN COMPANY

TR1 Buy

TR1 Buy
CTEC
CTEC ConvaTec Group PLC
13:31
Market

Director/PDMR Shareholding

WKP
WKP Workspace Group PLC
13:28
Market

Holding(s) in Company

TR1 Buy

TR1 Buy
BARC
BARC Barclays PLC
13:25
Market

Form 8.3 JTC PLC

BARC
BARC Barclays PLC
13:25
Market

Form 8.3 NCC GROUP PLC

BARC
BARC Barclays PLC
13:25
Market

Form 8.3 KITWAVE GROUP PLC

JMAT
JMAT Johnson Matthey PLC
13:24
Market

Director/PDMR Shareholding

GYM
GYM The GYM Group PLC
13:16
Market

Director/PDMR Shareholding

KNOS
KNOS Kainos Group PLC
13:14
Market

Holding(s) in Company

TR1 Buy

TR1 Buy
VLG
VLG Venture Life Group PLC
13:12
Market

Grant of Options and Director Dealing

CCJI
CCJI CC Japan Income and Growth …
13:09
Market

Monthly Factsheet as at 28 February 2026

ADM
ADM Admiral Group PLC
13:01
Market

Director/PDMR Shareholding

ALW
ALW Alliance Witan Ord
13:00
Market

Update from QuotedData

OIT
OIT Odyssean Investment Trust P…
12:56
Market

Issue of Equity

OTB
OTB On The Beach Group PLC
12:53
Market

Holding(s) in Company

TR1 Buy

TR1 Buy
['Morgan Stanley', '5.912593', '5.799189']
ATN
ATN Eastinco Mining & Explorati…
12:52
Market

Issue of Convertible Loan Notes

SNR
SNR Senior PLC
12:50
Market

Form 8.3

OTB
OTB On The Beach Group PLC
12:46
Market

Result of Annual General Meeting

SNR
SNR Senior PLC
12:40
Market

Form 8.3

SMIF
SMIF TwentyFour Select Monthly I…
12:27
Market

Dividend Declaration

PCFT
PCFT Polar Capital Global Financ…
12:25
Market

AGM Presentation

SDR
SDR Schroders PLC
12:25
Market

Form 8.3 - Essensys Plc

0UKI
0UKI Bank of Nova Scotia
12:15
Market

Form 8.3 NCC Group PLC

0UKI
0UKI Bank of Nova Scotia
12:14
Market

Form 8.3 Life Science REIT plc

JUST
JUST Just Group plc
12:12
Market

Form 8.3

0UKI
0UKI Bank of Nova Scotia
12:11
Market

Form 8.3 Beazley PLC

JTC
JTC JTC PLC
12:09
Market

Form 8.3

NCC
NCC NCC Group plc
12:08
Market

Form 8.3

IPF
IPF International Personal Fina…
12:07
Market

Form 8.3

INVP
INVP Investec PLC
12:01
Market

Share Scheme Purchases

CCT
CCT Character Group
11:44
Market

Holding(s) in Company

TR1 Buy

TR1 Buy
['Kiran Shah', '11.00319', '10.01']
XGDU
XGDU Xtrackers IE Physical Gold …
11:43
Market

Final Terms

RAT
RAT Rathbone Brothers PLC
11:41
Market

Form 8.3 - LondonMetric Property Plc

RAT
RAT Rathbone Brothers PLC
11:40
Market

Form 8.3 - British Land Co plc

SST
SST The Scottish Oriental Small…
11:38
Market

Management Fee Reduction & Performance Fee Removal

SCE
SCE Surface Transforms Plc
11:36
Market

Contract update, suspension of trading and NOIA

Please provide the text you would like me to summarize. Im ready when you are!

Please provide the text you would like me to summarize. Im ready when you are!
NewContract
RAT
RAT Rathbone Brothers PLC
11:36
Market

Form 8.3 - Augmentum Fintech Plc

BKM
BKM BANKMUSCAT (S.A.O.G.)
11:26
Market

BM & MSX Discussion recording

SMWH
SMWH WH Smith PLC
11:25
Market

Result of Meeting

CWK
CWK Cranswick PLC
11:08
Market

Holding(s) in Company

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

<mark style="background-coloryellow">TR1</mark> Buy
['JPMorgan Asset Management Holdings Inc.', '4.831696', 'Below minimum threshold']
BEZ
BEZ Beazley plc
11:05
Market

Holding(s) in Company

TR1 Buy

TR1 Buy
['JPMorgan Chase & Co.', '4.283459', '3.879898']
AA4
AA4 Amedeo Air Four Plus Limited
11:02
Market

Form 8.3

VTY
VTY Vistry Group PLC
11:01
Market

Holding(s) in Company

TR1 Buy

TR1 Buy
['FMR LLC', '4.831800', '6.700000']
UPR
UPR Uniphar Group PLC
11:00
Market

Holding(s) in Company

TR1 Buy

TR1 Buy
IPF
IPF International Personal Fina…
10:58
Market

Form 8.3

IDOX
IDOX IDOX plc
10:55
Market

Form 8.3

BRK
BRK Brooks Macdonald Group
10:54
Market

Form 8.3 - LondonMetric Property plc

WTE
WTE Westmount Energy Limited
10:50
Market

Holding(s) in Company

TR1 Buy

TR1 Buy
MRV
MRV Amati AIM VCT plc
10:50
Market

Transaction in Own Shares

CPI
CPI Capita PLC
10:41
Market

Holding(s) in Company

TR1 Buy

TR1 Buy
SUNB
SUNB SUNBELT RENTALS HOLDINGS CDI
10:28
Market

Current Report on Form 8-K

HGEN
HGEN Hydrogenone Capital Growth …
10:14
Market

Notice of GM

CPI
CPI Capita PLC
10:11
Market

Director/PDMR Shareholding

b) Nature of the transaction Market <mark style="background-color:yellow">Purchase</mark> of Ordinary Shares

b) Nature of the transaction Market <mark style="background-color:yellow">Purchase</mark> of Ordinary Shares
JAR
JAR Jardine Matheson Holdings L…
10:10
Market

Director/PDMR Shareholding

TBCG
TBCG TBC Bank Group PLC
10:10
Market

Director/PDMR Shareholding

CGEO
CGEO Georgia Capital PLC
10:03
Market

Holding(s) in Company

TR1 Buy

TR1 Buy
BYIT
BYIT Bytes Technology Ltd
10:01
Market

Holding(s) in Company

TR1 Buy

TR1 Buy
IPO
IPO IP Group
10:01
Market

Holding(s) in Company

TR1 Buy

TR1 Buy
['Bank of America Corporation', '0.000000', 0]
JTC
JTC JTC PLC
09:58
Market

Form 8.3

JUST
JUST Just Group plc
09:55
Market

Form 8.3

BEZ
BEZ Beazley plc
09:51
Market

Form 8.3

VTU
VTU Vertu Motors Plc
09:48
Market

EBT Share Purchase

LTI
LTI Lindsell Train Investment T…
09:38
Market

Director/PDMR Shareholding

SSIT
SSIT Seraphim Space Investment T…
09:34
Market

QuotedData's In The HotSeat

RTO
RTO Rentokil Initial PLC
09:31
Market

Holding(s) in Company

TR1 Buy

TR1 Buy
NESF
NESF NextEnergy Solar Fund Ltd
09:28
Market

Update from QuotedData

CGEO
CGEO Georgia Capital PLC
09:20
Market

Director/PDMR Shareholding

0H7D
0H7D Deutsche Bank AG NA O.N.
09:16
Market

Form 8.5 (EPT/RI) - JTC plc

0H7D
0H7D Deutsche Bank AG NA O.N.
09:15
Market

Form 8.5 (EPT/RI) - Senior plc

COA
COA Coats Group PLC
09:04
Market

Annual Financial Report

HLN
HLN Haleon PLC
09:01
Market

Commencement of £500m Share Buyback Programme

Please provide the text you would like me to summarize. Im ready when you are!

Please provide the text you would like me to summarize. Im ready when you are!
BuyBack
IHG
IHG InterContinental Hotels Gro…
09:01
Market

Directorate change

PTSB
PTSB Permanent TSB Group Holding…
09:01
Market

Holding(s) in Company

TR1 Buy

TR1 Buy
GFRD
GFRD Galliford Try PLC
09:01
Market

Director/PDMR Shareholding

LSEG
LSEG London Stock Exchange Group…
09:01
Market

Annual Report and Accounts

GDR
GDR genedrive plc
08:53
Market

Holding(s) in Company

TR1 Buy

TR1 Buy
['Robert English', '14.460000', '5.700000']
73LM
73LM 73LM
08:39
Market

Issue of Debt

BEZ
BEZ Beazley plc
08:38
Market

Form 8.3

KIE
KIE Kier Group PLC
08:34
Market

Transaction in Own Shares

WWH
WWH Worldwide Healthcare Trust …
08:30
Market

Monthly Fact Sheet as at 28 February 2026

SEIT
SEIT Sdcl Energy Efficiency Inco…
08:27
Market

TR-1 Notification of major holdings

TR1 Buy

TR1 Buy
['Jefferies Financial Group Inc', '0.000000', '0.059000']
AFL
AFL Artemis UK Future Leaders p…
08:22
Market

Transaction in Own Shares

NEO
NEO Neo Energy Metals Plc
08:12
Market

Update on Acquisition - Replacement

DOTD
DOTD Dotdigital Group Plc
08:07
Market

Director/PDMR Shareholding

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

<mark style="background-coloryellow">Purchase</mark> of Ordinary Shares
GCL
GCL Geiger Counter Limited
08:03
Market

Governance Changes

HSBA
HSBA HSBC Holdings PLC
08:01
Market

Group reporting changes

IPO
IPO IP Group
08:01
Market

Notice of Results

BASC
BASC Brown Advisory US Smaller C…
08:01
Market

Holding(s) in Company

TR1 Buy

TR1 Buy
['Rathbones Investment Management Ltd', '4.995700', '6.092200']
CPI
CPI Capita PLC
08:01
Market

Director/PDMR Shareholding

b) Nature of the transaction Market <mark style="background-color:yellow">Purchase</mark> of Ordinary Shares

b) Nature of the transaction Market <mark style="background-color:yellow">Purchase</mark> of Ordinary Shares
BCG
BCG Baltic Classifieds Group PLC
07:54
Market

Transaction in Own Shares

SDR
SDR Schroders PLC
07:31
Market

Form 8.3

WIZZ
WIZZ Wizz Air Holdings PLC
07:28
Market

Holding(s) in Company

TR1 Buy

TR1 Buy
['Causeway Capital Management LLC', '6.290000', '5.040000']
SMSN
SMSN Samsung Electronics Co. Ltd
06:56
Market

Additional information about Ref. Material(AGM)

SMSN
SMSN Samsung Electronics Co. Ltd
06:48
Market

Report on Share Repurchase Results

SVML
SVML Sovereign Metals Ltd
06:31
Market

Sovereign Signs Rutile Offtake MoU with Mitsui

**Summary:** Sovereign Metals Limited announced on March 12, 2026, the signing of a non-binding Memorandum of Understanding (MOU) with Mitsui & Co. for the offtake of natural rutile from its Kasiya Rutile-Graphite Project in Malawi. The M…

**Summary**
Sovereign Metals Limited announced on March 12, 2026, the signing of a non-binding Memorandum of Understanding (MOU) with Mitsui & Co. for the offtake of natural rutile from its Kasiya Rutile-Graphite Project in Malawi. The MOU outlines a framework for supplying up to 70,000 tonnes per year of high-grade rutile concentrate (TiO₂ >95%) to Japan’s titanium industry over an initial four-year period, with a potential five-year extension. This agreement aligns with global efforts to secure critical mineral supply chains, particularly highlighted by the inaugural US Critical Minerals Ministerial and joint initiatives between the US, EU, and Japan to enhance supply chain resilience.
Japan, the world’s second-largest titanium producer after China, relies heavily on natural rutile as a key feedstock for its high-performance titanium manufacturing, which serves aerospace, defense, and advanced industries. The MOU underscores Mitsui’s strategic interest in securing reliable rutile supply from Kasiya, the world’s largest natural rutile deposit. Sovereign’s product has already been validated by Toho Titanium for high-specification titanium production.
The agreement comes amid heightened global focus on critical minerals, with the US, EU, and Japan collaborating on trade policies, border-adjusted price floors, and a preferential trade framework to mitigate supply chain vulnerabilities. Sovereign’s Managing Director, Frank Eagar, emphasized the MOU’s significance in this context, positioning the company as a cornerstone of diversified, Western-aligned titanium feedstock supply.
Key terms include an indicative volume of up to 70,000 tonnes annually, a four-year initial supply period (starting 2030), and market-based pricing. The MOU is non-binding but reflects mutual intent to negotiate a formal sales agreement, subject to existing agreements with Rio Tinto and the International Finance Corporation. The MOU is effective for two years.
Offtake
ARS
ARS Asiamet Resources Limited
06:26
Market

Regulatory Approval Received for KSK Transaction

**Summary:** Asiamet Resources Limited announced on March 12, 2026, that it has received Chinese regulatory approval from the State-owned Assets Supervision and Administration Commission (SASAC) for the sale of its interest in Indokal Lim…

**Summary**
Asiamet Resources Limited announced on March 12, 2026, that it has received Chinese regulatory approval from the State-owned Assets Supervision and Administration Commission (SASAC) for the sale of its interest in Indokal Limited, which holds a 100% indirect stake in the KSK Project, to Norin Mining (Hong Kong) Limited. This approval follows shareholder consent obtained in January 2026. Completion of the transaction remains contingent on fulfilling remaining conditions, including Indonesian regulatory processes. CEO Darryn McClelland highlighted this as a significant milestone toward finalizing the sale, with further updates expected soon. The announcement includes contact details for key executives and advisors, as well as a forward-looking statement disclaimer regarding potential risks and uncertainties.
Approvals
0A3D
0A3D iShares VII Public Limited …
06:11
Market

Net Asset Value(s)

CMB1
CMB1 iShares FTSE MIB UCITS
06:11
Market

Net Asset Value(s)

SVS
SVS Savills
06:09
Market

Final Results

**Summary of Savills PLC Final Results for the Year Ended 31 December 2025** Savills PLC, a global real estate advisor, reported strong financial results for the year ended 31 December 2025, highlighting resilience and accelerating moment…

**Summary of Savills PLC Final Results for the Year Ended 31 December 2025**
Savills PLC, a global real estate advisor, reported strong financial results for the year ended 31 December 2025, highlighting resilience and accelerating momentum across its operations.
**Financial Highlights**
**Group Revenue** Increased by 6.1% to £2,551 million (2024: £2,404 million), with 8% growth in constant currency.
**Underlying Profit Before Tax** Rose by 11.4% to £145.3 million (2024: £130.4 million).
**Reported Profit Before Tax** Grew by 14.4% to £101.0 million (2024: £88.3 million).
**Underlying Basic EPS** Increased by 16.6% to 77.2p (2024: 66.2p).
**Reported Basic EPS** Surged by 32.0% to 52.0p (2024: 39.4p).
**Total Dividend per Share** Increased by 11.9% to 33.8p (2024: 30.2p).
**Net Cash** Decreased slightly by 4.9% to £167.7 million (2024: £176.3 million).
**Key Highlights**
**Revenue Growth** All four business areas and three regions reported year-on-year growth. Transactional business revenue grew by 4% (6% in constant currency), while Less Transactional businesses grew by 8% (9% in constant currency).
**Profit Growth** Underlying profit before tax increased by 11%, with Transactional profits up 13% and Less Transactional profits up 15%, reflecting operational gearing and restructuring benefits.
**Dividend Increase** The Board recommended a final ordinary dividend of 15.7p per share and a 24% increase in the supplemental dividend to 10.7p per share, totaling 33.8p per share.
**Leadership Succession** CEO and CFO succession was completed with Simon Shaw as Group Chief Executive and Nick Sanderson as Group Chief Financial Officer.
**Outlook**
Despite challenges like the conflict in the Middle East, Savills expects continued momentum in global real estate markets. The Group anticipates progressive growth in investment activity across key markets, supported by strong transactional pipelines and operational leverage.
**Strategic Priorities**
1. **Real Estate Investment Banking (REIB):** Scaling the REIB operation to improve profitability.
2. **Less Transactional Businesses** Driving growth through organic expansion and selective investments.
3. **International Operations** Broadening services and improving profitability in key markets.
4. **Prime Residential Advisory** Expanding global prime residential services.
5. **Savills Investment Management (IM)** Growing as an investment and outsourced asset manager.
**Market Conditions**
Global commercial property investment rose by 15% in 2025, led by the US. The UK saw modest growth, while Europe experienced gradual improvement. The Middle East remained supportive, and North America saw strengthening office leasing activity.
**Business Development**
Savills strengthened its position through acquisitions like Osborne King in Ireland, Hoffman in North America, and Alpina in Singapore, enhancing its integrated service offerings.
**Technology and Innovation**
Investments in proprietary technology platforms and AI strategies aim to enhance service efficiency and client insights, with a focus on human oversight and governance.
**Board Changes**
Mark Ridley retired as Group Chief Executive, succeeded by Simon Shaw. Nick Sanderson joined as Group Chief Financial Officer.
**Dividend Policy**
The bifurcated dividend policy continues, with a progressive basic ordinary dividend and a supplemental dividend tied to transactional performance.
**Conclusion**
Savills PLC demonstrated robust performance in 2025, driven by diversified business lines and strategic initiatives. The Group is well-positioned for continued growth, supported by strong market positions, technological advancements, and a clear strategic vision.
Here is the HTML table code comparing the financials and debt year on year for Savills PLC:
MetricFY25 (£m)FY24 (£m)Change
Group Revenue2,5512,404+6.1%
Underlying Profit Before Tax145.3130.4+11.4%
Reported Profit Before Tax101.088.3+14.4%
Net Cash (as at 31 December)167.7176.3-4.9%
Borrowings (Non-current)128.7119.6+7.6%
Borrowings (Current)48.041.3+16.2%
Total Borrowings176.7160.9+9.8%
**Key Observations:** * **Revenue Growth:** Savills PLC experienced a 6.1% increase in group revenue from FY24 to FY25, indicating strong performance across all business areas and regions. * **Profitability Improvement:** Underlying profit before tax increased by 11.4%, while reported profit before tax grew by 14.4%, showcasing improved operational efficiency and benefits from prior year restructuring. * **Net Cash Decrease:** Net cash decreased by 4.9%, primarily due to increased borrowings and acquisitions. * **Debt Increase:** Total borrowings increased by 9.8%, with both non-current and current borrowings rising, indicating a shift towards higher leverage. This table provides a concise comparison of key financials and debt metrics for Savills PLC, highlighting areas of growth, profitability, and changes in debt levels.
YNGA
YNGA Young & Co’S Brewery A
06:06
Market

Directorate change

TCAP
TCAP TP ICAP Group PLC
06:06
Market

Launch of sixth share buyback programme of £80m

**Summary:** TP ICAP Group plc announced the launch of its sixth share buyback programme, valued at £80 million, following the completion of its fifth £30 million buyback. The programme aims to reduce the companys capital and/or meet obli…

**Summary**
TP ICAP Group plc announced the launch of its sixth share buyback programme, valued at £80 million, following the completion of its fifth £30 million buyback. The programme aims to reduce the companys capital and/or meet obligations under employee share schemes. Shares purchased that are not cancelled will have their dividend rights waived. The buyback underscores the Boards confidence in TP ICAPs future prospects, strong financial performance, and operational progress. The programme includes £50 million from the companys legal entities rationalisation programme, delivered ahead of schedule. Since 2023, TP ICAP has completed or announced £230 million in share buybacks.
The buyback will be conducted within pre-set parameters, adhering to shareholder authority granted at the 2025 Annual General Meeting, which allows the purchase of up to 10% of issued ordinary shares. The programme complies with UK and EU regulations, including the Financial Conduct Authoritys Listing Rules and the Market Abuse Regulation (MAR). TP ICAP has appointed Peel Hunt LLP to manage the buyback as a "matched principal," operating independently during closed periods. Transactions will be disclosed via RNS announcements and published on the companys website within seven days of execution.
TP ICAP, a leading wholesale market intermediary, operates globally in financial, energy, and commodities markets, providing broking services, data, analytics, and market intelligence from over 60 offices in 28 countries. The announcement includes forward-looking statements, noting potential variations in actual results. Contact details for enquiries are provided for the Group Company Secretary, analysts/investors, and media.
Launch
GROW
GROW Draper Esprit PLC
06:01
Market

Transaction in Own Shares

EMBE
EMBE iShares J.P. Morgan Emergin…
06:01
Market

Dividend Declaration

IBT
IBT International Biotechnology…
06:01
Market

Kepler Trust Intelligence: New Research

BIOG
BIOG The Biotech Growth Trust PLC
06:01
Market

Kepler Trust Intelligence: New Research

FORG
FORG Forgent plc
06:01
Market

Gasification Strategy

SOM
SOM Somero Enterprise Inc
06:01
Market

Launch of 2026 Share Buyback Programme

**Summary:** Somero Enterprises Inc. announced the launch of its **2026 Share Buyback Programme** on March 12, 2026, authorizing the repurchase of up to **US$4.0 million** of its ordinary shares. The program, managed by Cavendish Capital …

**Summary**
Somero Enterprises Inc. announced the launch of its **2026 Share Buyback Programme** on March 12, 2026, authorizing the repurchase of up to **US$4.0 million** of its ordinary shares. The program, managed by Cavendish Capital Markets Limited, aims to reduce the companys share capital by canceling purchased shares. It will run until June 30, 2027, operating within pre-set parameters and independently of the company. The buyback reflects Someros disciplined approach to capital allocation, sustainable growth, and maintaining a strong balance sheet. The program complies with regulatory requirements, including Market Abuse Regulation (MAR), and may represent a significant portion of daily trading volume on the London Stock Exchange. Shareholders were informed that the buyback could exceed 25% of average daily traded volume, potentially impacting market dynamics.
Launch
PANR
PANR Pantheon Resources
06:01
Market

Board Changes, AGM & Webinar Update

JSE
JSE Jadestone Energy Inc
06:01
Market

Updated Corporate Presentation

LGEN
LGEN Legal & General Group PLC
06:01
Market

Commencement of Share Buyback

PHP
PHP Primary Health Properties
06:01
Market

Notice of Preliminary Results

PGH
PGH Personal Group Holdings PLC
06:01
Market

Notice of Analyst and Investor Presentations

THRL
THRL Target Healthcare REIT Ltd
06:01
Market

Notice of Half Year Results

DFCH
DFCH Distribution Finance Capita…
06:01
Market

Notice of Full Year Results and Presentations

PPH
PPH PPHE Hotel Group Ltd
06:01
Market

Announcement of Posting of AGM Notice

BPT
BPT Bridgepoint Group Plc
06:01
Market

Final Results

**Summary:** Bridgepoint Group plc, a private equity, credit, and infrastructure fund manager, reported strong financial performance for the year ended December 31, 2025, with key highlights including: - **Financial Performance:** Underl…

**Summary**
Bridgepoint Group plc, a private equity, credit, and infrastructure fund manager, reported strong financial performance for the year ended December 31, 2025, with key highlights including
**Financial Performance** Underlying management fees and other income grew by 13.0% to £427.7 million, and performance-related earnings (PRE) increased by 9.5% to £151.6 million. EBITDA margin stood at 52.6%.
**Capital Deployment and Returns** Deployed €7.8 billion of capital and returned €8.1 billion to fund investors, exceeding drawn commitments.
**Fundraising** On track to meet the €24 billion fundraising target by the end of 2026, with €14 billion already raised.
**Assets Under Management (AUM)** AUM increased by 24.5% to $94.1 billion, driven by successful fundraising and strong fund performance.
**Strategic Progress** Entered the secondaries market with the addition of Newbury Bridgepoint, expanding capabilities and diversifying income streams.
**Dividend and Share Buyback** Proposed a final dividend of 4.7 pence per share and extended the share buyback program to May 2027.
**Outlook** Positive transaction pipeline for 2026 and beyond, with a focus on continued growth in fundraising and capital deployment.
**Key Financial Metrics (in £ million, unless otherwise stated):**
**Underlying Management Fees and Other Income:** £427.7 (2024: £404.0)
**PRE** £151.6 (2024: £138.5)
**Underlying EBITDA** £304.8 (2024: £292.0)
**Profit Before Tax** £85.7 (2024: £80.7)
**Total AUM** $94.1 billion (2024: $75.6 billion)
**Fee Paying AUM** €38.8 billion (2024: €38.7 billion)
**Strategic Initiatives**
**Secondaries Market Entry** Acquired Newbury Partners to establish a presence in the fast-growing secondaries segment.
**Wealth Product Launch** Introduced Bridgepoint Generations, a globally diversified middle-market direct private equity offering for the private wealth channel.
**M&A and Integration** Continued focus on platform-enhancing acquisitions and effective integration to support long-term growth.
**Future Outlook**
**Fundraising** Expects to close fundraising for flagship infrastructure and direct lending funds in H2 2026 and continue BE VIII fundraising into 2027.
**Deployment and Exits** Strong pipeline for both capital deployment and portfolio company exits, with multiple exits planned for 2026.
**Geographic Expansion** Continued focus on the Middle East and other regions to diversify capital sources and enhance global reach.
**Conclusion**
Bridgepoint Group plc demonstrated robust financial and operational performance in 2025, underpinned by successful fundraising, strong fund performance, and strategic initiatives. The company is well-positioned for continued growth, with a healthy pipeline of investments and exits, and a clear strategy to expand its global footprint and diversify its product offerings.
To compare the financials and debt year on year, we need to extract the relevant data from the text and present it in a table format. Here's the HTML table code:
Metric2024 (Pro forma)2025Change (%)
Total AUM ($bn)N/A94.1N/A
Total AUM (€bn)N/A80.3N/A
Fee Paying AUM (€bn)38.738.80.3%
Fee Paying AUM ($bn)40.145.513.5%
Underlying management and other income (£m)404.0427.75.9%
Underlying total operating income (£m)542.5579.36.8%
Total expenses (excluding exceptional expenses, adjusted items and personnel expenses excluded from FRE) (£m)(248.7)(271.3)9.1%
Underlying EBITDA (£m)292.0304.84.4%
Underlying EBITDA margin (%)53.8%52.6%(1.20)ppt
FRE (£m)155.3156.40.7%
PRE (£m)138.5151.69.5%
Underlying profit before tax (excluding FX) (£m)249.8251.50.7%
Underlying profit before tax (£m)237.5248.34.5%
Profit before tax (£m)150.085.7(42.9%)
Underlying profit after tax (£m)211.9219.33.5%
Profit after tax (£m)124.456.7(54.4%)
Basic EPS (pence)15.15.0(66.9%)
Underlying basic EPS (pence)25.726.53.1%

Debt Comparison

Metric20242025Change (%)
Borrowings (excluding capitalised facility costs)(490.3)(456.1)(7.0%)
Net (debt)/ cash (excluding cash belonging to consolidated CLOs and structured fund vehicles attributable to third-party investors (restricted use))(399.5)(262.6)(34.3%)
Note: The debt comparison table only includes the available data on borrowings and net debt/cash. The text does not provide a direct comparison of other debt-related metrics year on year. This HTML code creates two tables: one for financial comparisons and another for debt comparisons. The tables include the metrics, values for 2024 (pro forma) and 2025, and the percentage change between the two years.
CNS
CNS Corero Network Security plc
06:01
Market

Notice of Results & Investor Presentation

WNX
WNX Wellnex Life Limited
06:01
Market

Board Changes

FSJ
FSJ James Fisher and Sons PLC
06:01
Market

Preliminary results for the year ended 31 Dec 2025

**Summary of James Fisher and Sons plc Preliminary Results for the Year Ended 31 December 2025** James Fisher and Sons plc, a leading marine services company, reported preliminary results for FY2025, highlighting significant financial and…

**Summary of James Fisher and Sons plc Preliminary Results for the Year Ended 31 December 2025**
James Fisher and Sons plc, a leading marine services company, reported preliminary results for FY2025, highlighting significant financial and strategic progress despite challenging market conditions.
**Financial Highlights**
**Revenue Growth** Revenue increased by 4.3% to £377.2 million (underlying, adjusted for disposals and staged closures).
**Underlying Operating Profit** Surged by 56.3% to £28.6 million, driven by cost actions, improved Defence execution, and recovery in previously underperforming businesses.
**Operating Margin** Improved by 250 basis points to 7.6%, reflecting operational efficiencies and strategic initiatives.
**Net Debt Reduction** Net debt decreased to £54.4 million, with covenant leverage at 1.3x, comfortably within the target range.
**Return on Capital Employed (ROCE)** Increased by 250 basis points to 8.6%, moving closer to the medium-term target of 15%.
**Strategic Progress**
**Portfolio Simplification** Continued simplification of the portfolio through further disposals and staged closures, focusing on core businesses.
**Defence Capabilities** Strengthened Defence capabilities led to a replenished orderbook and growing pipeline, with a focus on specialist capabilities.
**Product Development** Developed six new products and increased targeted development investment to support future growth.
**Operational Efficiency** Improved execution and cost discipline across all divisions, leading to margin expansion.
**Market Conditions and Outlook**
**Defence** Strong demand aligned with the companys specialist capabilities, supported by increased global defence spending.
**Energy** Signs of structural recovery in the energy market, though short-term conditions remain volatile due to geopolitical uncertainties.
**Maritime Transport** Expected benefits from new build vessels starting in 2027 and selective expansion in Fendercare.
**2026 Outlook** Trading has started the year in line with management expectations, with the Board confident in delivering further progress towards medium-term financial targets of a 10% underlying operating profit margin and 15% ROCE.
**CEO Commentary**
Jean Vernet, CEO, emphasized the turning point in 2025, marked by strategic focus, simplification, and operational improvements. The companys efforts have laid a strong foundation for sustainable growth, with a clear pathway towards achieving medium-term financial targets.
**Financial Performance by Division**
**Energy** Revenue declined by 23.6% to £158.6 million due to disposals and staged closures, but underlying operating profit improved by 23.1% to £17.6 million, driven by turnaround initiatives.
**Defence** Revenue grew by 10.9% to £88.8 million, with underlying operating profit increasing by 189.5% to £5.5 million, supported by strong demand and improved execution.
**Maritime Transport** Revenue was stable at £147.0 million, with underlying operating profit rising by 44.4% to £20.8 million, reflecting improved profitability and operational efficiency.
**Balance Sheet and Liquidity**
**Net Assets** Decreased slightly to £187.3 million, primarily due to reductions in working capital offset by increases in intangible assets.
**Liquidity** Maintained a strong liquidity position with £37.0 million, well above the minimum target of £20.0 million.
**Future Focus**
The company remains focused on scaling its operations, integrating its supply chain, and investing in new products and technologies to drive growth across its core geographies. Despite macroeconomic and geopolitical uncertainties, James Fisher is well-positioned to capitalize on emerging opportunities in Defence, Energy, and Maritime Transport.
**Conclusion**
James Fisher and Sons plc demonstrated resilience and strategic agility in 2025, achieving significant financial and operational improvements. With a strengthened portfolio, enhanced capabilities, and a clear growth strategy, the company is poised for continued progress in 2026 and beyond, aiming to deliver long-term value for stakeholders.
Here is the HTML table code comparing the financials and debt year on year for James Fisher and Sons plc:
Metric20252024Change
Revenue (£m)394.4437.7-9.9%
Operating Profit (£m)16.173.1-78.0%
Profit Before Tax (£m)4.354.0-92.0%
Net Debt (£m)54.456.1-3.0%
Net Debt - Covenant Basis (£m)61.061.0n/a
Underlying Revenue (£m)377.2361.74.3%
Underlying Operating Profit (£m)28.618.356.3%
Underlying Operating Margin7.6%5.1%250 bps
Return on Capital Employed (ROCE)8.6%6.1%250 bps
**Key Observations:** * **Revenue Decline:** Reported revenue decreased by 9.9% from 2024 to 2025, primarily due to reductions in Energy and Maritime Transport following prior year disposals and staged closures. * **Profitability Pressure:** Operating profit and profit before tax saw significant declines in 2025 compared to 2024, largely due to the absence of significant gains on disposals recognized in the previous year. * **Debt Reduction:** Net debt decreased slightly by 3.0% from 2024 to 2025, indicating a focus on debt management. * **Underlying Improvement:** Underlying revenue, operating profit, and margins showed improvement in 2025, suggesting progress in the company's turnaround efforts. * **ROCE Increase:** Return on Capital Employed increased significantly, reflecting improved operational efficiency and asset utilization.
TXP
TXP Touchstone Exploration Inc
06:01
Market

Notification of Major Holdings

TR1 Buy

TR1 Buy
['Edale Capital LLP', '5.250000', '4.050000']
AGY
AGY Allergy Therapeutics
06:01
Market

PDMR Dealings & Shareholding Update

GDR
GDR genedrive plc
06:01
Market

Holding(s) in Company

TR1 Buy

TR1 Buy
['Mr David Nugent', '24.65', '20.72']
ALFA
ALFA Alfa Financial Software Hol…
06:01
Market

Full Year Results for year ended 31 December 2025

**Summary of Alfa Financial Software Holdings PLCs Full Year Results for 2025** **Financial Performance:** - **Revenue Growth:** Revenue increased by 15% to £126.7 million in 2025, driven by a 16% growth in subscription revenues, which re…

**Summary of Alfa Financial Software Holdings PLCs Full Year Results for 2025**
**Financial Performance**
**Revenue Growth** Revenue increased by 15% to £126.7 million in 2025, driven by a 16% growth in subscription revenues, which reached £43.6 million.
**Profitability** Operating profit rose by 17% to £40.1 million, with an operating margin of 31.6%. Profit before tax also increased by 18% to £40.1 million.
**Earnings Per Share (EPS)** Basic EPS grew by 17% to 10.19 pence, and diluted EPS increased by 18% to 10.14 pence.
**Cash Generation** Strong cash generation continued, with a 97% free cash flow conversion rate. Cash reserves increased to £26.4 million.
**Strategic Highlights**
**Subscription Revenue Growth** Subscription revenues grew by 16%, becoming the fastest-growing revenue stream. Annual Recurring Revenue (ARR) increased by 15% to £43.9 million.
**Customer Expansion** Alfa Cloud customers increased to 22, up from 21 in 2024. Net Revenue Retention (NRR) improved to 109%, reflecting strong customer retention and expansion.
**Product Development** Invested £37.7 million in product development, focusing on US Auto Originations, Fleet, and Commercial Finance, to expand market reach and addressable markets.
**Sales and Delivery Momentum** Strong late-stage pipeline with 10 prospects, 5 of which are working under letters of engagement. Delivered 35 go-lives, demonstrating robust delivery execution.
**Employee Growth and Retention** Average headcount increased by 6% to 516, with a high staff retention rate of 97%.
**Dividends**
**Ordinary Dividend** Increased to 1.5 pence per share, up 7% from the previous year.
**Special Dividend** Declared a special dividend of 3.1 pence per share, up 29% from the previous year, reflecting confidence in future performance.
**Outlook**
**Revenue Growth** Expects strong subscription revenue growth and good delivery revenue growth in 2026, despite currency headwinds and macro uncertainty.
**US Market** The US business now accounts for 45% of revenues, creating a headwind for reported results due to current exchange rates.
**Pipeline Strength** Maintains a healthy sales pipeline, with good activity in the early stages, indicating continued demand for Alfas software solutions.
**CEO Commentary**
Andrew Denton, CEO, highlighted exceptional operational and financial performance, achieving a "Rule of 40" target with 17% constant currency revenue growth and a 32% operating profit margin. He emphasized strategic progress in subscription revenues, product development, and AI integration, positioning Alfa for continued growth and market expansion.
**Conclusion**
Alfa Financial Software Holdings PLC delivered strong financial and operational results in 2025, with significant growth in subscription revenues, robust profitability, and strategic advancements in product development and market expansion. The company remains confident in its future prospects, supported by a healthy pipeline and continued investment in innovation.
Here is the HTML table code comparing the financials and debt year on year for Alfa Financial Software Holdings PLC:
Metric2025 (£m)2024 (£m)Change (%)
Revenue126.7109.915%
Operating Profit40.134.317%
Profit Before Tax40.134.118%
Cash26.420.529%
Total Contract Value (TCV)227.5221.33%
Debt000%
**Notes:** * The table includes key financial metrics such as revenue, operating profit, profit before tax, cash, total contract value (TCV), and debt. * The "Change (%)" column shows the percentage change between 2025 and 2024 for each metric. * The debt column shows that Alfa Financial Software Holdings PLC has no bank debt in both 2025 and 2024. This table provides a concise comparison of the company's financial performance and debt position between 2025 and 2024.
SUPR
SUPR Supermarket Income REIT PLC
06:01
Market

PDMR Notification

SNX
SNX Synectics plc
06:01
Market

Director Dealings

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

<mark style="background-coloryellow">Purchase</mark> of Ordinary Shares
FDEV
FDEV Frontier Developments Plc
06:01
Market

Director/PDMR Shareholding

VTY
VTY Vistry Group PLC
06:01
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Director/PDMR Shareholding

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

<mark style="background-coloryellow">Purchase</mark> of shares
TAP
TAP Tap Global Group Plc
06:01
Market

Board & Management Voluntary Lock-In

CABP
CABP CAB Payments Holdings Ltd
06:01
Market

PDMR LTIP notification and public disclosure

RKW
RKW Rockwood Realisation PLC
06:01
Market

Directorate change

IDFX
IDFX iShares China Large Cap UCI…
06:01
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Dividend Declaration

IDEM
IDEM iShares MSCI EM UCITS ETF U…
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Dividend Declaration

ISF
ISF iShares Core FTSE 100 UCITS…
06:01
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Dividend Declaration

IDWR
IDWR iShares MSCI World UCITS ET…
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Dividend Declaration

SLXX
SLXX iShares Core £ Corp Bond UC…
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Dividend Declaration

IDUS
IDUS iShares Core S&P 500 UCITS …
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Dividend Declaration

IDAP
IDAP iShares Asia Pacific Divide…
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Dividend Declaration

IBCX
IBCX iShares Euro Corporate Bond…
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Dividend Declaration

IDBT
IDBT iShares $ Treasury Bond 1-3…
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Dividend Declaration

IBTG
IBTG iShares $ Treasury Bond 1-3…
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Dividend Declaration

IDBZ
IDBZ iShares MSCI Brazil UCITS D…
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Dividend Declaration

IDFF
IDFF iShares MSCI AC Far East ex…
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Dividend Declaration

IDKO
IDKO iShares MSCI Korea UCITS ET…
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Dividend Declaration

IDNA
IDNA iShares MSCI North America …
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Dividend Declaration

IDTW
IDTW iShares MSCI Taiwan UCITS E…
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Dividend Declaration

IUKD
IUKD iShares UK Dividend UCITS
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Dividend Declaration

LQDE
LQDE iShares $ Corp Bond UCITS E…
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Dividend Declaration

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LQEE iShares $ Corp Bond UCITS E…
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Dividend Declaration

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Dividend Declaration

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MIDD iShares Public Limited Comp…
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Dividend Declaration

IHYG
IHYG iShares € High Yield Corp B…
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Dividend Declaration

HIGG
HIGG ISHARES PLC ISH € HIGH YIEL…
06:01
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Dividend Declaration

IS15
IS15 iShares £ Corp Bond 0-5yr U…
06:01
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Dividend Declaration

CORP
CORP iShares Global Corp Bond UC…
06:01
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Dividend Declaration

CRHG
CRHG iShares Global Corp Bond UC…
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Dividend Declaration

HYLD
HYLD iShares Global High Yield C…
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Dividend Declaration

GHYG
GHYG iShares Global High Yield C…
06:01
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Dividend Declaration

LQDH
LQDH iShares $ Corp Bond Interes…
06:01
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Dividend Declaration

EIMU
EIMU iShares Core MSCI EM IMI UC…
06:01
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Dividend Declaration

GOVP
GOVP iShares $ Treasury Bond UCI…
06:01
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Dividend Declaration

IBTU
IBTU iShares $ Treasury Bond 0-1…
06:01
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Dividend Declaration

IEMB
IEMB iShares J.P. Morgan $ EM Bo…
06:01
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Dividend Declaration

EMHG
EMHG iShares J.P. Morgan $ EM Bo…
06:01
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Dividend Declaration

IEDY
IEDY iShares EM Dividend UCITS E…
06:01
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Dividend Declaration

EMCR
EMCR iShares J.P. Morgan $ EM Co…
06:01
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Dividend Declaration

ID28
ID28 iShares iBonds Dec 2028 Ter…
06:01
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Dividend Declaration

ERNE
ERNE iShares IV Public Limited C…
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Dividend Declaration

ERND
ERND iShares USD Ultrashort Bond…
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Dividend Declaration

ERNS
ERNS iShares £ Ultrashort Bond U…
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Dividend Declaration

SDIG
SDIG iShares $ Short Duration Co…
06:01
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Dividend Declaration

SDHY
SDHY iShares $ Short Duration Hi…
06:01
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Dividend Declaration

WING
WING iShares Fallen Angels High …
06:01
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Dividend Declaration

WIGG
WIGG iShares Fallen Angels High …
06:01
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Dividend Declaration

SUWS
SUWS iShares MSCI World SRI UCIT…
06:01
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Dividend Declaration

SGWS
SGWS iShares MSCI World SRI UCIT…
06:01
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Dividend Declaration

UESD
UESD iShares £ Ultrashort Bond E…
06:01
Market

Dividend Declaration

STAN
STAN Standard Chartered PLC
06:01
Market

Transaction in Own Shares

91SN
91SN Dp World Sukuk Limited
06:01
Market

DP World Limited announces FY2025 Results

**Summary of DP World Limited FY2025 Results** DP World Limited reported record financial results for FY2025, with **revenue surging 22.0% to $24.4 billion** and **adjusted EBITDA rising 18.0% to $6.4 billion**, driven by strong perform…

**Summary of DP World Limited FY2025 Results**
DP World Limited reported record financial results for FY2025, with **revenue surging 22.0% to $24.4 billion** and **adjusted EBITDA rising 18.0% to $6.4 billion**, driven by strong performance in Ports & Terminals and Logistics. The company achieved a **26.3% adjusted EBITDA margin** and a **32.2% increase in profit to nearly $2.0 billion**, reflecting operational efficiency and disciplined cost management.
**Key Highlights**
1. **Revenue Growth** Ports & Terminals revenue per TEU increased by 8.5% on a like-for-like basis, with strong contributions from the UAE, Middle East, Africa, Europe, and the Americas.
2. **Strategic Investments** Capital expenditure of $3.1 billion was allocated to key growth markets, including Jebel Ali (UAE), London Gateway (UK), and Tuna Tekra (India), expanding port capacity to 109 million TEU.
3. **Logistics Expansion** The customer-centric logistics platform, serving 45,000+ customers, represents ~50% of global GDP and over 80% of Group logistics revenues.
4. **Sustainability Progress** Achieved a **14% reduction in Scope 1 and 2 carbon emissions** and increased renewable electricity to **67% of total global usage**.
5. **Regional Performance**
**Middle East, Europe, and Africa** Revenue grew 20.1% to $16.7 billion, with adjusted EBITDA up 22.4% to $5.1 billion.
**Asia Pacific and India** Revenue increased 26.4% to $3.6 billion, with adjusted EBITDA at $748 million.
**Australia and Americas** Revenue rose 26.3% to $4.1 billion, with adjusted EBITDA up 14.5% to $1.3 billion.
6. **Jebel Ali Update** The port remains fully operational, but regional security issues have temporarily reduced inbound vessel traffic. Mitigation measures are in place.
7. **Financial Strength** Cash generated from operations increased 14.0% to $6.3 billion, and net leverage remained stable at **3.4x** (pre-IFRS16).
**Leadership Commentary**
Group Chairman H.E. Essa Kazim and Group CEO Yuvraj Narayan emphasized DP World’s resilience amid geopolitical challenges, highlighting its diversified portfolio, integrated platform, and focus on high-yield cargo. The company remains confident in the long-term outlook for global trade and is committed to sustainable, customer-centric solutions.
**Future Outlook**
DP World plans to invest up to $3.0 billion in 2026, focusing on strategic locations like Jebel Ali, Jeddah, and London Gateway. Despite near-term uncertainties, the company is well-positioned to capitalize on emerging trade corridors and regionalization trends, aiming for long-term sustainable growth.
Here’s the HTML table code comparing the financials and debt year-on-year for DP World Limited based on the provided text:
Metric2025 (USD million)2024 (USD million)% ChangeLike-for-like at Constant Currency % Change
Revenue24,42220,02322.0%13.4%
Adjusted EBITDA6,4305,45018.0%16.8%
Adjusted EBITDA Margin26.3%27.2%(0.9%)28.0%
Profit for the Year1,9601,48332.2%31.8%
Profit Attributable to Owners1,07275142.7%-
Cash Generated from Operating Activities6,3005,50014.0%-
Net Debt (Pre-IFRS16)17,90015,30017.0%-
Net Debt (Post-IFRS16)25,90022,40015.6%-
Net Leverage (Pre-IFRS16)3.4x3.4x0.0%-
Net Leverage (Post-IFRS16)4.0x4.1x(2.4%)-
Capital Expenditure3,1002,20040.9%-
### Key Notes: 1. **Revenue and EBITDA**: Both revenue and adjusted EBITDA saw significant growth in 2025 compared to 2024, driven by strong performance in Ports & Terminals and Logistics. 2. **Profitability**: Profit for the year increased by 32.2%, reflecting strong top-line performance and disciplined cost management. 3. **Debt and Leverage**: Net debt increased year-on-year, primarily due to higher lease and service concession liabilities. However, net leverage remained stable at 3.4x on a pre-IFRS16 basis. 4. **Cash Flow**: Cash generated from operating activities increased by 14.0%, highlighting robust cash generation. 5. **Capital Expenditure**: Capital expenditure increased significantly in 2025, with a focus on strategic investments across key growth markets. This table provides a concise comparison of key financial and debt metrics for DP World Limited between 2024 and 2025.
GRX
GRX GreenX Metals Ltd.
06:01
Market

Half Year Accounts

TCAP
TCAP TP ICAP Group PLC
06:01
Market

Final Results

CCC
CCC Computacenter PLC
06:01
Market

Final Results 2025

**Summary of Computacenter PLCs 2025 Final Results** **Financial Performance Highlights:** - **Revenue Growth:** Computacenter PLC reported a 32.0% increase in revenue to £9,193.9 million in 2025, driven by strong performance in Technolog…

**Summary of Computacenter PLCs 2025 Final Results**
**Financial Performance Highlights**
**Revenue Growth** Computacenter PLC reported a 32.0% increase in revenue to £9,193.9 million in 2025, driven by strong performance in Technology Sourcing and Services.
**Gross Profit** Gross profit rose by 10.5% to £1,144.1 million, despite a decline in gross margin due to high-volume Technology Sourcing activity in North America.
**Adjusted Operating Profit** Adjusted operating profit increased by 11.3% to £274.7 million, with significant growth in North America and the UK, partially offset by weaker performance in France.
**Adjusted Profit Before Tax** Adjusted profit before tax grew by 7.1% to £272.0 million.
**Dividend** The final dividend was increased by 7.6%, bringing the total dividend growth to 5.5% at 74.6p per share.
**Regional Performance**
**North America** Outstanding performance with both enterprise and hyperscale customers, leading to nearly doubled profits and accounting for nearly 40% of the Group’s adjusted operating profit.
**UK** Returned to growth, benefiting from a more targeted approach and greater customer proximity.
**Germany** Delivered a stronger second half, supported by public sector recovery, achieving a result similar to 2024.
**France** Disappointing performance due to reduced hardware volume in the public sector and challenging market conditions.
**Strategic and Operational Highlights**
**Customer Growth** Added 27 major customers, reaching a total of 215, the highest growth in five years.
**Professional Services** Strong revenue growth of 8.8% in constant currency, driven by the UK and North America.
**Managed Services** Modest decline in revenue, with an improved pipeline of opportunities.
**Product Order Backlog** Increased to £7.1 billion, up 200.3% year-on-year, driven by strong Technology Sourcing orders in North America and the UK.
**Capital Allocation**
**Investments** £46.2 million invested in Group-wide initiatives to improve capabilities and secure future growth.
**Acquisition** Completed the acquisition of AgreeYa for US$120 million, enhancing professional services capabilities in North America and India.
**Dividend Policy** Maintained a dividend cover of 2-2.5x adjusted diluted EPS, with a 5.5% increase in total dividend.
**Outlook**
**Strong Position** Exited 2025 with a record committed product order backlog of £7.1 billion across all geographies.
**Challenges** Aware of macroeconomic uncertainties, hardware component shortages, and political environment but confident in navigating these challenges.
**Expectations** Anticipate further strategic and financial progress in 2026, enhanced by the AgreeYa acquisition.
**CEO Commentary**
Mike Norris, CEO, highlighted the strong performance in 2025, driven by growth in major customers and both Technology Sourcing and Services. He emphasized the outstanding performance in North America, the return to growth in the UK, and the plans to improve performance in France. Norris also noted the strong cash generation and strategic acquisitions, positioning the company well for 2026.
**Financial Metrics**
**Adjusted Net Funds** Increased by 25.7% to £606.0 million, reflecting strong cash generation.
**Net Funds** Rose by 20.8% to £426.2 million.
**Operating Profit** Increased by 1.4% to £241.2 million.
**Profit Before Tax** Decreased by 2.5% to £238.5 million due to exceptional items.
**Strategic Focus**
**Target Market Customers** Focus on large corporate and public sector organizations.
**Service Line Scale** Build competitive advantage in Technology Sourcing, Professional Services, and Managed Services.
**Empower People** Enhance customer-facing capabilities and operational efficiency.
**Conclusion**
Computacenter PLC demonstrated robust financial and operational performance in 2025, with significant growth in key regions and strategic initiatives. Despite challenges, the company is well-positioned for continued progress in 2026, supported by a strong order backlog, strategic acquisitions, and a focus on customer relationships and operational efficiency.
Here is the HTML table code comparing the financials and debt year on year for Computacenter PLC:
Metric2025 (£m)2024 (£m)Change
Revenue9,193.96,964.832.0%
Gross Profit1,144.11,035.010.5%
Adjusted Operating Profit274.7246.711.3%
Adjusted Profit Before Tax272.0254.07.1%
Net Cash Inflow from Operating Activities293.6417.1(29.6%)
Adjusted Net Funds606.0482.225.7%
Net Funds426.2352.720.8%
Total Bank Loans(22.5)(7.4)204.1%
Lease Liabilities(179.8)(129.5)38.8%
**Key Observations:** * **Revenue Growth:** Computacenter PLC experienced significant revenue growth of 32.0% from 2024 to 2025, reaching £9,193.9 million. * **Profitability Improvement:** Adjusted operating profit and adjusted profit before tax both increased, by 11.3% and 7.1% respectively, indicating improved operational efficiency. * **Cash Flow Decline:** Net cash inflow from operating activities decreased by 29.6%, which could be a concern if it continues. * **Increased Debt:** Both total bank loans and lease liabilities increased significantly, indicating higher debt levels. * **Stronger Net Funds:** Despite increased debt, adjusted net funds and net funds both increased, suggesting the company still has a solid financial position.
INF
INF Informa PLC
06:01
Market

Final Results

Informa PLC, a global B2B Live Events, B2B Digital Services, and Academic Markets Group, reported strong financial results for 2025, with record revenues and adjusted operating profit. Key highlights include: **Financial Performance:** - …

Informa PLC, a global B2B Live Events, B2B Digital Services, and Academic Markets Group, reported strong financial results for 2025, with record revenues and adjusted operating profit. Key highlights include
**Financial Performance**
Revenue increased by 13.7% to £4,041.4 million, with adjusted operating profit rising by 14.6% to £1,139.8 million.
Free cash flow grew by 9.0% to £884.8 million, driven by operating profit growth and focused cash management.
Adjusted diluted earnings per share increased by 11.0% to 55.6p, marking the fifth consecutive year of double-digit growth.
**Strategic Initiatives**
The company confirmed £620 million in cash returns for 2025 and accelerated share buybacks in 2026, starting with a minimum commitment of £200 million, later increased to £250 million.
Informas growth strategy, "One Informa," focuses on brand value extension, AI integration, customer experience enhancement, and data-led marketing, aiming to maximize the growth and value of its B2B platform.
**Segment Performance**
**B2B Live Events** Underlying revenue growth of 9.5%, with strong performances in Healthcare and Food sectors.
**Academic Markets (Taylor & Francis)** Delivered 3.6% underlying revenue growth, excluding non-recurring data access contracts, with a focus on expanding the journal portfolio and targeting new customer segments.
**B2B Digital Services (Informa TechTarget):** A foundational year with a focus on delivering positive growth in 2026, leveraging proprietary data and a broad product offer.
**Future Outlook**
Informa targets consistent 5%+ underlying revenue growth over the next three years, faster underlying profit growth, and 8%+ underlying EPS growth.
For 2026, the company aims for 6%± underlying revenue growth, with B2B Live Events targeting 7%+ growth, and double-digit underlying EPS growth.
**Sustainability and Governance**
Continued commitment to sustainability, recognized through inclusion in the Dow Jones Sustainability Index for the eighth consecutive year, achieving AAA ESG Rating from MSCI, and an A- CDP Score.
**Board and Corporate Updates**
Andy Ransom appointed to the Audit Committee, and the company announced a partnership with Dubai World Trade Centre to launch a new operating business, inD, in the IMEA region.
Informas 2025 results demonstrate robust financial health, strategic growth initiatives, and a commitment to sustainability and shareholder value, positioning the company for continued success in 2026 and beyond.
Here is the comparison of financials and debt year on year presented as an HTML table:
Metric2025 (£m)2024 (£m)Change (£m)Change (%)
Revenue4,041.43,553.1488.313.7%
Adjusted Operating Profit1,139.8995.0144.814.6%
Free Cash Flow884.8812.172.79.0%
Net Debt (incl. IFRS 16)3,066.23,201.8(135.6)(4.2%)
Adjusted Diluted EPS (p)55.650.15.511.0%
Full Year Dividend per Share (p)22.020.02.010.0%
### Key Observations: 1. **Revenue Growth**: Revenue increased by 13.7% from £3,553.1m in 2024 to £4,041.4m in 2025, driven by strong performance across all segments, particularly B2B Live Events. 2. **Adjusted Operating Profit Growth**: Adjusted operating profit grew by 14.6% from £995.0m in 2024 to £1,139.8m in 2025, reflecting improved margins and cost management. 3. **Free Cash Flow Improvement**: Free cash flow increased by 9.0% from £812.1m in 2024 to £884.8m in 2025, supported by higher operating profit and working capital inflows. 4. **Net Debt Reduction**: Net debt decreased by 4.2% from £3,201.8m in 2024 to £3,066.2m in 2025, despite significant shareholder returns. 5. **EPS Growth**: Adjusted diluted earnings per share increased by 11.0% from 50.1p in 2024 to 55.6p in 2025, marking the fifth consecutive year of double-digit growth. 6. **Dividend Increase**: The full-year dividend per share rose by 10.0% from 20.0p in 2024 to 22.0p in 2025, reflecting the company's commitment to shareholder returns. This table provides a clear year-on-year comparison of key financial metrics and debt levels for Informa PLC.
ENOG
ENOG Energean Oil & Gas PLC
06:01
Market

Strategic Entry Offshore Angola

OCI
OCI Oakley Capital Investments …
06:01
Market

Final Results for the Year Ended 31 December 2025

**Summary of Oakley Capital Investments Limited (OCI) Final Results for the Year Ended 31 December 2025** Oakley Capital Investments Limited (OCI) announced its final results for 2025, highlighting strong performance and strategic posit…

**Summary of Oakley Capital Investments Limited (OCI) Final Results for the Year Ended 31 December 2025**
Oakley Capital Investments Limited (OCI) announced its final results for 2025, highlighting strong performance and strategic positioning for future growth. OCI, a listed investment company, achieved a 10-year share price total return of **+362%**, outperforming the FTSE All-Share Index by **+239%** and the MSCI World Index by **+114%**.
**Key Highlights**
1. **Financial Performance**
Net Asset Value (NAV) per share**738 pence**
total NAV: **£1233 million**.
Total NAV return per share**+6%** (+45 pence), or **+3%** (+23 pence) excluding FX impact.
Total shareholder return**15%**.
Ten-year NAV return CAGR**15%**.
2. **Portfolio Performance**
Average portfolio company LTM EBITDA growth: **11%**.
Key NAV drivers
**Clio** (+33 pence) from vLex realisation.
**Phenna Group** (+23 pence) due to M&A and demand growth.
**TechInsights** (+13 pence) driven by AI-related demand.
**Time Out Group** (-32 pence) due to media headwinds and share issuance.
3. **Investments & Proceeds**
Total investments**£197 million** (16% of NAV), including £96 million in new platform deals (e.g., Brevo, Infravadis) and £79 million in follow-on investments.
Proceeds**£92 million** from exits (e.g., vLex at >6x gross return) and refinancings.
4. **Capital Allocation**
Completed **£50 million** share buyback in 2025, enhancing NAV per share by 11 pence.
Launched **£20 million** minimum buyback programme for 2026.
Committed **€500 million** to Oakley Capital Fund VI, with total outstanding commitments of **£992 million**.
Liquidity**£191 million** (cash: £95 million
undrawn credit facilities£96 million).
5. **Strategic Initiatives**
Transferred listing to the **Main Market** of the London Stock Exchange, gaining FTSE 250 inclusion.
Appointed **Christopher Samuel** as Chair and **Kiernan Bell** as Independent Non-Executive Director.
6. **AI Focus & Portfolio Positioning**
Two-thirds of portfolio value is in businesses with physical delivery or tangible products, benefiting from AI-driven efficiency gains.
Launched **Oakley Touring Fund** in 2024 to invest in AI-native B2B solutions and established the **Oakley AI Lab** to support AI adoption across the portfolio.
7. **Leadership Comments**
**Steve Pearce** (Interim Chair) emphasized resilience in a challenging environment and confidence in OCI’s ability to leverage AI for future growth.
**Peter Dubens** (Managing Partner, Oakley Capital) highlighted opportunities in the current market to partner with entrepreneurs and harness AI technologies.
OCI remains well-positioned to deliver resilient returns, with a diversified portfolio, strategic AI focus, and robust capital allocation strategy. The Q1 2026 trading update is scheduled for **29 April 2026**.
Below is the HTML table code comparing the financials and debt metrics year-on-year based on the provided text:
Metric20242025
Net Asset Value (NAV) per shareNot Provided738 pence
Total NAV Return per shareNot Provided+6% (+45 pence)
Total Shareholder ReturnNot Provided15%
Ten-year NAV Return CAGRNot Provided15%
Average Portfolio Company LTM EBITDA Growth15%11%
Average Portfolio Company Valuation Multiple (EV/EBITDA)16.4x16.3x
Average Net Debt/EBITDA Multiple4.1x4.1x
Total InvestmentsNot Provided£197 million (16% of NAV)
Proceeds from Exits and RefinancingsNot Provided£92 million (£57m exits, £35m refinancings)
Share BuybacksNot Provided£50 million (completed in 2026)
Liquidity (Cash + Undrawn Credit Facilities)Not Provided£191 million (£95m cash, £96m undrawn)
### Notes: - **2024 Data**: Only specific metrics like EBITDA growth, valuation multiple, and net debt/EBITDA multiple were provided for comparison. - **2025 Data**: Key financials and debt-related figures were extracted and compared where available. - **Missing Data**: Some metrics (e.g., 2024 NAV per share, total investments in 2024) were not provided in the text, hence marked as "Not Provided". This table provides a clear year-on-year comparison of the available financial and debt metrics.
HTWS
HTWS Helios Towers Plc
06:01
Market

Full Year Results 2025

**Summary:** Helios Towers PLC, an independent mobile tower company, announced its full-year results for 2025, showcasing strong performance and progress towards its strategic goals. The company reported a 12% growth in Adjusted EBITDA, r…

**Summary**
Helios Towers PLC, an independent mobile tower company, announced its full-year results for 2025, showcasing strong performance and progress towards its strategic goals. The company reported a 12% growth in Adjusted EBITDA, reaching US$471.1 million, and a significant expansion in free cash flow, exceeding expectations. Key highlights include
**Financial Performance** Helios Towers achieved a 9% increase in tenancies, reaching 31,944, and improved its tenancy ratio to 2.17x. Revenue grew by 8% to US$854.1 million, driven by organic tenancy growth and contractual escalators. Adjusted EBITDA margin increased to 55%, and operating profit rose by 18% to US$286.0 million.
**Strategic Progress** The company successfully launched its IMPACT 2030 strategy, aiming for capital-efficient growth, sustained free cash flow, and shareholder returns. It achieved its 2.2x tenancy ratio target a year ahead of schedule, demonstrating operational excellence.
**Capital Allocation** Helios Towers maintained a disciplined capital allocation approach, with discretionary capital additions of US$138.3 million, supporting site and colocation additions, power investments, and upgrades. Net leverage decreased to 3.4x, and the companys credit rating was upgraded by Moodys to Ba3.
**2026 Outlook** The company provided guidance for 2026, expecting Adjusted EBITDA of US$510-525 million and recurring free cash flow of US$210-225 million. It plans to allocate capital for discretionary capex, share buybacks, and dividends, demonstrating a commitment to shareholder returns.
**Sustainable Growth** Helios Towers emphasized its focus on sustainable growth, with 94% of its workforce being local and a commitment to diversity, reaching 29% female representation in 2025. The company also highlighted its efforts in climate action, investing in cleaner energy solutions and reducing carbon emissions.
**Market Position** Operating in nine countries across Africa and the Middle East, Helios Towers connects over 158 million people, providing reliable mobile network coverage. Its infrastructure-sharing model supports mobile penetration and enables faster rollout, lower costs, and improved power performance for mobile operators.
In summary, Helios Towers PLCs 2025 results demonstrate strong financial and operational performance, strategic progress, and a commitment to sustainable growth and shareholder value creation. The company is well-positioned to capitalize on the growing demand for mobile infrastructure in its markets, driven by population growth, increasing mobile penetration, and data consumption.
Here is the comparison of financials and debt year on year for Helios Towers PLC, presented as an HTML table:
MetricFY 2025FY 2024Change
Tenancies31,94429,406+9%
Tenancy ratio2.17x2.05x+0.12x
Adjusted EBITDA (US$m)471.1421.0+12%
Operating profit (US$m)286.0242.3+18%
Recurring free cash flow (US$m)207.5147.9+40%
Free cash flow (US$m)66.418.7+249%
Cash generated from operations (US$m)480.5397.2+21%
Return on invested capital (ROIC) (US$m)13.5%12.9%+0.6ppt
Net leverage3.4x4.0x-0.6x
**Key Highlights:** - **Tenancies and Tenancy Ratio:** Tenancies increased by 9% to 31,944, and the tenancy ratio improved to 2.17x from 2.05x in the previous year. - **Adjusted EBITDA and Operating Profit:** Adjusted EBITDA grew by 12% to $471.1 million, and operating profit increased by 18% to $286.0 million. - **Cash Flow Metrics:** Recurring free cash flow saw a significant increase of 40% to $207.5 million, while free cash flow more than tripled to $66.4 million. Cash generated from operations also rose by 21% to $480.5 million. - **Return on Invested Capital (ROIC):** ROIC improved by 0.6 percentage points to 13.5%. - **Net Leverage:** Net leverage decreased by 0.6x to 3.4x, indicating a stronger financial position. This table provides a concise comparison of key financial and debt metrics for Helios Towers PLC between FY 2025 and FY 2024, highlighting the company's growth and improved financial health.
OPT
OPT Optima Health plc
06:01
Market

Contract Win

Please provide the text you would like me to summarize. Im ready when you are!

Please provide the text you would like me to summarize. Im ready when you are!
NewContract
VSVS
VSVS Vesuvius PLC
06:01
Market

Final Results

**Summary of Vesuvius plcs Final Results for the Year Ended 31 December 2025** Vesuvius plc, a global leader in molten metal flow engineering and technology, reported its final results for the year ended 31 December 2025, highlighting res…

**Summary of Vesuvius plcs Final Results for the Year Ended 31 December 2025**
Vesuvius plc, a global leader in molten metal flow engineering and technology, reported its final results for the year ended 31 December 2025, highlighting resilience despite challenging market conditions. The companys performance was in line with expectations, driven by a strong focus on cost reduction and the benefits of its technology strategy.
**Financial Highlights**
**Revenue** £1,809.5 million, a 0.7% increase on a like-for-like basis, but a 0.6% decline on a reported basis due to FX headwinds.
**Trading Profit (Adjusted Operating Profit):** £151.1 million, down 17.0% on a like-for-like basis and 19.6% on a reported basis, primarily due to challenging market conditions in EMEA.
**Return on Sales (RoS)** 8.4%, down 170 basis points on a like-for-like basis.
**Adjusted Basic EPS:** 34.2pdown 17.7% on a like-for-like basis.
**Free Cash Flow:** £36.0 milliondown 37.7% compared to 2024.
**Net Debt / EBITDA:** 2.0xup from 1.3x in 2024.
**Key Developments**
**Cost Reduction Program** Delivered £17.8 million in savings, ahead of initial expectations, as part of a £55 million multi-year program.
**New Product Sales** Increased to 20.5%, reaching the 2026 target a year early, with a strong pipeline of new products.
**Acquisitions** Completed acquisitions of PiroMET and MMS, strengthening presence in Turkey and the non-ferrous foundry market.
**Dividend** Proposed final dividend of 16.5p, bringing the full-year dividend to 23.6p, a 0.4% increase.
**Segment Performance**
**Steel Division** Revenue grew slightly (+1.4% like-for-like) due to market share gains and pricing increases, but trading profit fell 18.3% due to inflationary costs and temporary manufacturing inefficiencies.
**Foundry Division** Revenue declined 1.5% like-for-like due to weak markets outside India and China, with trading profit down 11.2% due to negative net pricing in H1.
**Outlook**
**2026** Expected to be a transition year to recovery, with modest volume growth, continued cost reduction, and full-year contributions from recent acquisitions.
**Cash Flow** Anticipated to grow in 2026 due to improved trading profit and normalized investment capex.
**RoS Target** Continues to target 12.5% RoS, supported by self-help measures and more favorable market conditions from 2027.
**Strategic Focus**
**Innovation** Continued investment in R&D, with a focus on materials science and mechatronics solutions.
**Sustainability** Progressed on decarbonization goals, reducing carbon intensity by 31.4% compared to 2019.
**Safety** Achieved a Lost Time Injury Frequency Rate of 0.7, well ahead of the industry average, despite one work-related fatality.
**Conclusion**
Vesuvius plc demonstrated resilience in 2025, navigating challenging market conditions through cost reduction, strategic acquisitions, and a focus on innovation. The company is positioned for recovery in 2026, with expectations of profit growth and improved cash flow, supported by its ongoing strategic initiatives and market share gains.
Here is the HTML table code comparing the financials and debt year on year for Vesuvius plc:
Metric2025 (£m)2024 (£m)Like-for-like changeYear-on-year change
Revenue1,809.51,820.1+0.7%(0.6%)
Trading Profit151.1188.0(17.0%)(19.6%)
Return on Sales8.4%10.3%-170bps-190bps
Adjusted basic EPS (pence)34.2p43.3p(17.7%)(21.0%)
Free cash flow36.057.8NA(37.7%)
Net Debt / EBITDA2.0x1.3xNA+0.7x
**Key Observations:** * **Revenue:** Slight increase on a like-for-like basis (+0.7%), but a slight decrease on a reported basis (-0.6%). * **Trading Profit:** Significant decline both on a like-for-like basis (-17.0%) and reported basis (-19.6%). * **Return on Sales:** Decreased by 170bps on a like-for-like basis and 190bps on a reported basis. * **Adjusted basic EPS:** Decreased by 17.7% on a like-for-like basis and 21.0% on a reported basis. * **Free Cash Flow:** Substantial decrease of 37.7%. * **Net Debt / EBITDA:** Increased by 0.7x, indicating higher leverage.
OTB
OTB On The Beach Group PLC
06:01
Market

AGM Trading Update

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

Transactions in Own Shares

FCM
FCM First Class Metals PLC
06:01
Market

Visible Gold Intersected at Roy, Sunbeam

FIL
FIL Fairview International PLC
06:01
Market

Unaudited interim results to 31 December 2025

**Summary of Fairview International PLCs Half-Year/Interim Report (Unaudited) to 31 December 2025** **Financial Highlights:** - **Revenue Growth:** Increased by 7.1% to £2.98 million (H1 2025: £2.78 million), driven by higher student …

**Summary of Fairview International PLCs Half-Year/Interim Report (Unaudited) to 31 December 2025**
**Financial Highlights**
**Revenue Growth** Increased by 7.1% to £2.98 million (H1 2025: £2.78 million), driven by higher student enrollments and ancillary revenue streams.
**Profitability** Profit before tax surged 121.8% to £1.22 million (H1 2025: £0.55 million), and profit after tax rose 257.7% to £0.93 million (H1 2025: £0.26 million), aided by cost control and one-off IPO-related expenses in the prior period.
**Gross Profit Margin** Improved to 53.3% (H1 2025: 50.4%).
**Earnings per Share** Increased to 0.16p (H1 2025: 0.08p).
**Operational Highlights**
**Student Enrollments** 1.8% increase in student numbers, net of graduating students, with 723 students enrolled across two schools as of 2026.
**Academic Excellence** Kuala Lumpur campus ranked in the top 100 IB schools globally for the sixth consecutive year and second in Malaysia.
**Expansion Initiatives** Exploring school premises expansion in Malaysia and property development opportunities at the Johor Bahru campus.
**Strategic Partnerships** Memorandum of Understanding with Arts University Bournemouth to enhance teacher supply and collaboration.
**Business Review and Developments**
Focus on strengthening earnings from education IP and hybrid delivery capabilities.
Leveraging the Johor-Singapore Special Economic Zone (JS-SEZ) for operational and property development opportunities.
Continued assessment of expansion opportunities in Southeast Asia, Asia, and the UK.
**Outlook**
Momentum in enrollments and applications expected to continue, supported by marketing efforts and the FY26/27 academic year.
Confidence in adapting to global economic conditions and capitalizing on growth opportunities.
**Chairman’s Remarks (Daniel Chian)**
Highlighted the Group’s strong interim results, IPO milestone, and strategic focus on scalable education platforms.
Emphasized the potential for organic growth, hybrid learning models, and expansion in Southeast Asia and the UK.
**Financial Position**
Total assets increased to £27.45 million (30 June 2025: £26.07 million).
Total equity rose to £7.04 million (30 June 2025: £5.75 million), driven by net earnings and foreign exchange gains.
Debt-to-equity ratio improved to 1.51 (30 June 2025: 2.00).
**Principal Risks and Uncertainties**
Regulatorycompetitionsafeguardingoperationalexpansionpeoplecyberfinancialand fraud risks remain key concerns.
Principal uncertainty is a potential economic downturn.
**Conclusion**
Fairview International PLC demonstrated robust financial and operational performance in H1 2026, underpinned by strategic initiatives, academic excellence, and expansion opportunities. The Group is well-positioned to capitalize on growing demand for international education, particularly in Southeast Asia and the UK.
Here is the HTML table code comparing the financials and debt year on year for Fairview International PLC:
Financial MetricH1 2026 (£'000)H1 2025 (£'000)Change (%)
Revenue2,9822,7847.1%
Gross Profit1,5881,40213.3%
Profit Before Tax1,2141,1228.2%
Profit After Tax931261256.7%
Earnings Per Share (pence)0.160.08100.0%
Total Assets (£'000)27,45426,0745.3%
Total Liabilities (£'000)20,41020,3190.4%
Total Equity (£'000)7,0445,75522.4%
Net Debt (£'000)10,66711,491-7.2%
Debt-to-Equity Ratio1.512.00-24.5%

Key Observations:

  • Revenue increased by 7.1% year-on-year, driven by higher student enrolments and ancillary revenue streams.
  • Profitability improved significantly, with profit after tax increasing by 256.7% due to cost control measures and absence of one-off IPO expenses.
  • Total equity increased by 22.4%, primarily due to net earnings and foreign exchange reserve gains.
  • Net debt decreased by 7.2%, and the debt-to-equity ratio improved by 24.5%, indicating a stronger financial position.
This table provides a clear comparison of key financial metrics and debt position between H1 2026 and H1 2025 for Fairview International PLC. The data highlights the company's improved financial performance and stronger balance sheet position.
STB
STB Secure Trust Bank PLC
06:01
Market

2025 Annual Results and Investor Update Event

Neuteral News
EGT
EGT European Green Transition P…
06:01
Market

Result of fundraise via placing and subscription

SHAW
SHAW Shawbrook Group PLC
06:01
Market

Shawbrook Full Year 2025 Results

ABDX
ABDX Abingdon Health Plc
06:01
Market

$2.5m Contract for clinical self-test development

**Summary:** Abingdon Health plc, a UK-based med-tech contract service provider, has secured a $2.5 million contract to develop a clinical self-<mark style="background-color:yellow">test</mark> for an undisclosed UK-based client. The 18-m…

**Summary**
Abingdon Health plc, a UK-based med-tech contract service provider, has secured a $2.5 million contract to develop a clinical self-<mark style="background-color:yellow">test</mark> for an undisclosed UK-based client. The 18-month project, starting in March 2026, involves end-to-end project management and technical support across feasibility, design, development, verification, and validation phases. This contract highlights Abingdon Healths expertise in rapid diagnostic tests, ISO 13485:2016 quality management, and regulatory compliance. The majority of revenues will be recognized in the financial year ending June 2027. Dr. Chris Hand, Executive Chairman, emphasized the companys strategic position in the point-of-contact diagnostics market and its ability to manage complex international programs. This award reinforces Abingdon Healths role as a leading CDMO/CRO service provider in the diagnostics sector.
NewContract
TRN
TRN Trainline Plc
06:01
Market

TRADING STATEMENT AND NOTICE OF FULL YEAR RESULTS

**Summary:** Trainline PLC, the leading independent rail and coach travel platform, reported solid financial performance for FY2026 (ending February 28, 2026), meeting enhanced expectations. Key highlights include: 1. **Financial Perform…

**Summary**
Trainline PLC, the leading independent rail and coach travel platform, reported solid financial performance for FY2026 (ending February 28, 2026), meeting enhanced expectations. Key highlights include
1. **Financial Performance**
**Net Ticket Sales** Total group sales rose 7% YoY to £6.3 billion, within the 6-9% guidance range. UK Consumer sales grew 6% to £4.1 billion, International Consumer sales increased 5% to £1.1 billion (3% on a constant currency basis), and Trainline Solutions sales surged 15% to £1.1 billion.
**Revenue** Group revenue grew 2% YoY to £453 million, tracking towards the upper end of the 0-3% guidance range. UK Consumer revenue declined 2% to £204 million due to a commission rate cut, while International Consumer revenue rose 12% to £60 million, and Trainline Solutions revenue increased 4% to £189 million.
**Adjusted EBITDA** Expected to grow 10-13%, outpacing revenue and net ticket sales growth, driven by operating leverage and cost discipline.
2. **Operational Highlights**
**UK Consumer** Strengthened customer engagement with 18 million users, expanded digital railcard base by 16% to 2.7 million, and launched Way to Train disruption features. Growth was partially offset by TFLs Project Oval and rail operators self-preferencing of their own channels.
**International Consumer** Benefited from new carrier competition (e.g., 26% growth in South-East France) and rebounding foreign travel in H2. Growth in Spain was impacted by rail safety concerns.
**Trainline Solutions** B2B Distribution grew 36%, driven by business travel sales, particularly in Europe. Lost white-label contracts with Cross-Country and ScotRail pose future headwinds.
3. **Strategic Initiatives**
Launched an online petition for fair automated delay-repay access, garnering 25,000 signatures.
Progressed share buyback program, repurchasing £75 million of shares under the £150 million program, with £275 million bought back since September 2023.
4. **Future Outlook**
Full-year results for FY2026 will be published on May 6, 2026, with an analyst presentation at 9:00 am UK time.
Trainline remains focused on driving growth through customer engagement, ancillary revenues, and strategic market positioning, despite industry challenges.
Below is the HTML table code comparing the financials and debt year on year based on the provided text. Since debt information is not explicitly mentioned in the text, the table focuses on the financial metrics provided (Net Ticket Sales and Revenue). < lang="en">Trainline Financials Comparison (FY2025 vs FY2026)

Trainline Financials Comparison (FY2025 vs FY2026)

MetricFY2025 (£m)FY2026 (£m)YoY Change (%)YoY Change (CCY) (%)
Net Ticket Sales (£m)
UK Consumer3,9124,135+6%+6%
International Consumer1,0551,104+5%+3%
Trainline Solutions9411,081+15%+14%
Total Group5,9076,319+7%+7%
Revenue (£m)
UK Consumer208204-2%-2%
International Consumer5360+12%+10%
Trainline Solutions181189+4%+4%
Total Group442453+2%+2%

Note: CCY = Constant Currency. Debt information is not available in the provided text.

This HTML code creates a styled table comparing the financials for FY2025 and FY2026, including Net Ticket Sales and Revenue for each segment and the total group. Since debt details are not provided in the text, a note is added to indicate this.
PSON
PSON Pearson PLC
06:01
Market

Transaction in Own Shares

VOD
VOD Vodafone Group PLC
06:01
Market

Transaction in Own Shares

IHG
IHG InterContinental Hotels Gro…
06:01
Market

Transaction in Own Shares

CRE
CRE Conduit Holdings Ltd
06:01
Market

Transaction in Own Shares

TRST
TRST Trustpilot Group PLC
06:01
Market

Transaction in Own Shares

ADVT
ADVT AdvancedAdvT Ltd
06:01
Market

Purchase of Own Shares

SWG
SWG Shearwater Group plc
06:01
Market

£1.3m contract win with major UK telco

**Summary:** Shearwater Group PLC, a cybersecurity and managed security services provider, announced on March 12, 2026, that its subsidiary Brookcourt Solutions has secured a £1.3 million contract with a major UK telecommunications provid…

**Summary**
Shearwater Group PLC, a cybersecurity and managed security services provider, announced on March 12, 2026, that its subsidiary Brookcourt Solutions has secured a £1.3 million contract with a major UK telecommunications provider. Under the agreement, Brookcourt will supply and install an advanced network monitoring solution to enhance visibility, proactively monitor performance, and ensure the resilience of the telcos network infrastructure. The contract value will be fully recognized in FY26, bolstering Shearwaters financial performance. Phil Higgins, CEO of Shearwater, highlighted the win as a <mark style="background-color:yellow">test</mark>ament to Brookcourts technical expertise in supporting complex network environments. The deployment is expected to begin shortly, reinforcing Shearwaters growth strategy in the cybersecurity and managed services sector.
NewContract
RST
RST Restore plc
06:01
Market

Full Year 2025 Results

**Summary of Restore PLCs Full Year 2025 Results** **Financial Performance Highlights:** - **Revenue Growth:** Revenue increased by 27% to £304.7 million, primarily driven by the acquisition of Synertec and six bolt-on acquisitions. - **A…

**Summary of Restore PLCs Full Year 2025 Results**
**Financial Performance Highlights**
**Revenue Growth** Revenue increased by 27% to £304.7 million, primarily driven by the acquisition of Synertec and six bolt-on acquisitions.
**Adjusted Operating Profit** Adjusted operating profit rose by 18% to £55.5 million, with the adjusted operating margin improving to 20.8%, surpassing the medium-term target of 20%.
**Adjusted Profit Before Tax** Adjusted profit before tax grew by 22% to £40.6 million.
**Statutory Profit Before Tax** Statutory profit before tax decreased by 55% to £7.7 million due to significant acquisition-related costs.
**Net Debt** Net debt increased by 39% to £123.8 million, reflecting the impact of acquisitions.
**Dividend** The proposed final dividend increased by 19% to 6.9p per share.
**Strategic Highlights**
**Acquisitions** Acquired Synertec and six bolt-on acquisitions, expanding capabilities in inbound and outbound communications and strengthening market share in shredding. Two additional bolt-on acquisitions were added in early 2026.
**Disposal of Harrow Green** Disposed of Harrow Green, improving earnings visibility and Group margins, resulting in a loss from discontinued operations of £7.7 million.
**Integration and Consolidation** Completed the integration of digital and physical storage businesses, achieving annualized savings of over £5 million. The property consolidation program is in its final phase, with more than fifteen sites exited.
**Datashred Growth** Strong growth at Datashred, supported by bolt-on acquisitions, operational efficiencies, and a paper price contract.
**Technology Division Transformation** Continued transformation of the Technology division, positioned for double-digit margins in 2026.
**Shareholder Returns**
**Share Buyback** Announced a £20 million share buyback program over the next 12 months.
**Outlook**
**FY26 Expectations** Trading since the start of the year has been strong, with all divisions performing in line with or above expectations. Full-year adjusted profit before tax is expected to be slightly ahead of current market expectations.
**Growth Strategy** Well-positioned to deliver both organic and inorganic growth, with a focus on increasing the scale of the Group and delivering further value to shareholders.
**Key Metrics**
**Adjusted Basic Earnings Per Share** Increased by 23% to 22.5p.
**Cash Conversion** Cash conversion was 103%, with free cash flow of £42.9 million.
**Leverage** Leverage increased to 1.9x, within the target range of 1.5x-2.0x.
**Management Commentary**
**CEO Charles Skinner** Highlighted the achievement of the 20% medium-term margin target, strong cash generation, and the strategic focus on both organic and inorganic growth. Expressed confidence in sustaining adjusted operating margins above 20% and delivering further value to shareholders.
**Conclusion**
Restore PLC demonstrated significant improvement in financial performance, strategic advancements through acquisitions and integrations, and a commitment to shareholder returns. The company is well-positioned for future growth and margin sustainability.
Here is the comparison of financials and debt year on year presented as an HTML table:
Metric2024 (£m)2025 (£m)Change
Revenue240.0304.727%
Adjusted Operating Profit46.955.518%
Adjusted Operating Margin19.5%20.8%130bps
Adjusted Profit Before Tax33.240.622%
Statutory Profit Before Tax17.07.7(55%)
Net Debt89.0123.8(39%)
Leverage1.6x1.9x(0.3x)
Adjusted Basic Earnings Per Share (pence)18.3p22.5p23%
Statutory Basic Earnings Per Share (pence)8.8p1.0p(89%)
Dividend Per Share (pence)5.8p6.9p19%
**Key Observations:** - **Revenue Growth:** Revenue increased significantly by 27% from £240.0m in 2024 to £304.7m in 2025, primarily driven by acquisitions. - **Profitability Improvement:** Adjusted operating profit and adjusted profit before tax both increased, by 18% and 22% respectively, reflecting improved operational efficiency and contributions from acquisitions. - **Margin Expansion:** Adjusted operating margin improved by 130 basis points to 20.8%, surpassing the medium-term target of 20%. - **Debt Increase:** Net debt increased by 39% to £123.8m due to acquisitions, with leverage rising to 1.9x from 1.6x, still within the target range. - **Earnings Per Share:** Adjusted basic earnings per share increased by 23% to 22.5p, while statutory basic earnings per share decreased significantly due to acquisition-related costs. - **Dividend Growth:** Dividend per share increased by 19% to 6.9p, reflecting the company's strong cash generation and commitment to shareholder returns.
VTY
VTY Vistry Group PLC
06:01
Market

Transaction in Own Shares

GLV
GLV Glenveagh Properties PLC
06:01
Market

Transaction in Own Shares

FAN
FAN Volution Group plc
06:01
Market

Half Year Results

**Summary of Volution Group plcs Half-Year Results for the Six Months Ended 31 January 2026** **Overview** Volution Group plc, a leading international designer and manufacturer of energy-efficient indoor air quality solutions, reported …

**Summary of Volution Group plcs Half-Year Results for the Six Months Ended 31 January 2026**
**Overview**
Volution Group plc, a leading international designer and manufacturer of energy-efficient indoor air quality solutions, reported strong first-half performance for FY26, with robust organic growth and margin expansion. The Group achieved total revenue growth of 21.7%, driven by organic growth of 4.2% (constant currency), inorganic growth of 16.4%, and a 1.1% favorable currency impact. Adjusted operating profit increased by 21.1% to £51.6 million, with margins slightly down to 22.6% due to the dilutive impact of the Fantech acquisition. The interim dividend was raised by 17.6% to 4.0 pence per share, reflecting confidence in the Groups prospects.
**Financial Highlights**
**Revenue**£228.7 million, up 21.7% (20.6% at constant currency).
**Adjusted Operating Profit**£51.6 million, up 21.1%.
**Adjusted Operating Margin**: 22.6%down 0.1 percentage points.
**Profit Before Tax**: £46.5 millionup 20.7%.
**Basic EPS**: 18.2 penceup 19.0%.
**Operating Cash Flow**£51.6 million, up 7.7%, with a cash conversion rate of 98%.
**Operational Highlights**
**Acquisitions**Completed the acquisition of AC Industries on 2 February 2026, strengthening the Groups position in Australasia and entering the gold and copper mining ventilation systems market.
**Organic Growth**All three regions (UK, Continental Europe, and Australasia) achieved organic revenue growth, with the UK up 3.8%, Continental Europe up 10.7% (5.3% at constant currency), and Australasia up 83.6% (87.8% at constant currency), primarily driven by the Fantech acquisition.
**Low Carbon Revenue**Increased to 72.1% of total revenue, reflecting continued growth in heat recovery and low-carbon solutions.
**Capex**£4.3 million, including investments in injection moulding capacity in the UK, metal fabrication in the Nordics, and facility expansion in North Macedonia.
**Regional Performance**
**UK**Revenue grew by 3.8% to £86.5 million, with adjusted operating profit up 6.2% to £22.7 million. Margins improved to 26.3% due to value engineering and operational excellence.
**Continental Europe**Revenue increased by 10.7% (5.3% at constant currency) to £75.4 million, with adjusted operating profit up 16.3% to £19.1 million. Margins rose to 25.3% due to low-carbon revenue growth.
**Australasia**Revenue surged by 83.6% (87.8% at constant currency) to £66.8 million, primarily due to the Fantech acquisition. Organic growth was 3.3% at constant currency. Adjusted operating profit increased by 75.3% to £13.6 million, with margins at 20.4%.
**Strategic Initiatives**
**Acquisition Strategy**The successful integration of Fantech and the acquisition of AC Industries highlight the Groups focus on inorganic growth.
**Management Strengthening**Continued to enhance regional management structures, with key appointments in the UK, Germany, and Group IT.
**Sustainability**Increased focus on low-carbon products and sustainability, with 72.1% of revenue from low-carbon solutions.
**Outlook**
The Group expects further strategic and operational progress in the second half of FY26, supported by regulatory tailwinds and market dynamics. Despite uncertainties in end markets, geographic diversity provides resilience. The Board anticipates adjusted earnings per share for FY26 to be at the top end of market forecasts (35.0p to 36.5p).
**Conclusion**
Volution Group plc delivered a strong first-half performance, underpinned by organic growth, strategic acquisitions, and operational excellence. The Group remains well-positioned to capitalize on regulatory tailwinds and market opportunities, with a focus on sustainability and long-term growth.
Here’s an HTML table comparing the financials and debt year-on-year for Volution Group PLC based on the provided text:
MetricH1 2026 (£m)H1 2025 (£m)Change %Notes
Revenue228.7187.8+21.7%Total revenue growth, including organic, inorganic, and currency impact.
Operating Profit51.642.6+21.1%Adjusted operating profit.
Operating Profit Margin22.6%22.7%-0.1ppAdjusted operating profit margin.
Profit Before Tax46.538.6+20.7%Adjusted profit before tax.
Basic EPS (pence)18.215.3+19.0%Adjusted basic earnings per share.
Operating Cash Flow51.647.9+7.7%Adjusted operating cash flow.
Net Debt (£m)185.7186.8-0.6%Net debt at period end, including bank borrowings and lease liabilities.
Debt Leverage (x)1.31.5-13.3%Net debt to adjusted EBITDA ratio.
Interim Dividend per Share (p)4.03.4+17.6%Interim dividend declared per share.
### Key Highlights: 1. **Revenue Growth**: Increased by 21.7%, driven by organic growth, inorganic acquisitions (e.g., Fantech and AC Industries), and favorable currency impact. 2. **Profitability**: Adjusted operating profit and profit before tax grew by 21.1% and 20.7%, respectively, despite margin dilution from acquisitions. 3. **Debt Position**: Net debt decreased slightly, and leverage improved to 1.3x from 1.5x, reflecting strong cash generation and disciplined financial management. 4. **Dividend**: Interim dividend increased by 17.6%, demonstrating confidence in the Group's prospects. This table provides a concise comparison of key financial and debt metrics between H1 2026 and H1 2025.
BPT
BPT Bridgepoint Group Plc
06:01
Market

Transaction in Own Shares

AEO
AEO Aeorema Communications Plc
06:01
Market

Transaction in Own Shares

HILS
HILS Hill & Smith Holdings PLC
06:01
Market

Transaction in Own Shares

PRU
PRU Prudential plc
06:01
Market

Transaction in Own Shares

TUN
TUN Tungsten West PLC
06:01
Market

Conversion of B Shares

BATS
BATS British American Tobacco PLC
06:01
Market

Transaction in Own Shares

KETL
KETL Strix Group Plc
06:01
Market

Transaction in Own Shares

ZEG
ZEG Zegona Communications Plc
06:01
Market

Transaction in Own Shares

PLUS
PLUS Plus500 Ltd
06:01
Market

Transaction in Own Shares

HLMA
HLMA Halma PLC
06:01
Market

Trading Update

**Summary:** Halma plc, a global group of life-saving technology companies, released a trading update on March 12, 2026, ahead of its financial year-end on March 31, 2026. The company reports strong progress in the second half of the fina…

**Summary**
Halma plc, a global group of life-saving technology companies, released a trading update on March 12, 2026, ahead of its financial year-end on March 31, 2026. The company reports strong progress in the second half of the financial year, consistent with its upgraded guidance from November 2025. Key highlights include
1. **Financial Performance**
Expected mid-teens percentage organic constant currency revenue growth, driven by premium growth in photonics within the Environmental & Analysis Sector.
Adjusted EBIT margin of around 22% (excluding a one-off profit from the Nuvonic transaction).
Full-year cash conversion in line with the 90% KPI, supporting strategic investments and acquisitions.
2. **Market Conditions**
Varied end-market conditions and economic uncertainties, but broad-based growth across the Group due to its Sustainable Growth Model.
Order intake remains ahead of revenue and the comparable period last year.
3. **Acquisitions**
Completed five acquisitions in the year, totaling a record £451m in investment, with a healthy pipeline across all three sectors (Safety, Environment, Healthcare).
Notable acquisitions include E2S Group Ltd, Safetec Srl, and Altomed.
4. **Currency Impact**
Sterling appreciation is expected to negatively impact revenue by £63m and profit by £14m due to currency translation effects.
5. **Future Outlook**
On track to deliver the 23rd consecutive year of record Adjusted profit.
Full-year results will be released on June 11, 2026.
Halma remains focused on its purpose of growing a safer, cleaner, healthier future, with over 9,000 employees across more than 20 countries and a strong position in the FTSE 100 index.
The provided text does not contain specific financial or debt figures for a year-on-year comparison. However, I can extract the key financial highlights and acquisition details mentioned in the trading update and present them in an HTML table format for clarity. Here’s the HTML code for the table:
MetricDetails
Revenue Growth (Organic Constant Currency)Mid-teens percentage growth expected for FY 2026
Adjusted EBIT Margin (excluding one-off profit)Around 22% expected for FY 2026
Cash ConversionExpected to be in line with KPI of 90% for FY 2026
Currency Translation Impact (FY 2026 vs FY 2025)Expected negative impact: £63m on revenue, £14m on profit
Acquisitions (FY 2026 YTD)5 acquisitions completed, total investment: £451m (maximum total consideration)
Acquisition Details
  • E2S Group Ltd: £230m (December 2025)
  • Safetec Srl: €72.5m (£63m) (January 2026)
  • Altomed: £29m (February 2026)
One-off Profit (FY 2026)£8.6m from Nuvonic transaction (excluded from Adjusted EBIT margin guidance)
### Explanation: - **Revenue Growth**: Mid-teens percentage organic constant currency growth is expected for the financial year ending March 2026. - **Adjusted EBIT Margin**: Expected to be around 22%, excluding the one-off profit from the Nuvonic transaction. - **Cash Conversion**: Expected to meet the 90% KPI. - **Currency Translation Impact**: Sterling appreciation is expected to negatively impact revenue by £63m and profit by £14m compared to FY 2025. - **Acquisitions**: Five acquisitions were completed in the year to date, with a total investment of £451m. Details of three recent acquisitions are provided. - **One-off Profit**: A £8.6m one-off profit from the Nuvonic transaction is noted but excluded from the Adjusted EBIT margin guidance. Since there are no direct year-on-year financial figures provided in the text, the table focuses on the key highlights and expectations for FY 2026.
LSEG
LSEG London Stock Exchange Group…
06:01
Market

Transaction in Own Shares

UTG
UTG Unite Group PLC
06:01
Market

Transaction in Own Shares

LIO
LIO Liontrust Asset Management
06:01
Market

Transaction in Own Shares

IGG
IGG IG Group Holdings PLC
06:01
Market

Transaction in Own Shares

MTO
MTO Mitie Group PLC
06:01
Market

Transaction in Own Shares

VINO
VINO Virgin Wines UK PLC
06:01
Market

Transaction in Own Shares

VLG
VLG Venture Life Group PLC
06:01
Market

Transaction in Own Shares

TRIG
TRIG Renewables Infrastructure G…
06:01
Market

Transaction in Own Shares

FDEV
FDEV Frontier Developments Plc
06:01
Market

Transaction in Own Shares

AEP
AEP Anglo-Eastern Plantations P…
06:01
Market

Transaction in Own Shares

GFTU
GFTU Grafton Group plc
06:01
Market

Transaction in Own Shares

GRP
GRP Greencoat Renewables PLC
06:01
Market

Transaction in Own Shares

BIRG
BIRG Bank of Ireland Group PLC
06:01
Market

Transaction in Own Shares

STJ
STJ St. Jamess Place plc
06:01
Market

Transaction in Own Shares

AAF
AAF Airtel Africa Plc
06:01
Market

Transaction in Own Shares

HSW
HSW Hostelworld Group PLC
06:01
Market

Transaction in Own Shares

HICL
HICL HICL Infrastructure Company…
06:01
Market

Transaction in Own Shares

EXPN
EXPN Experian PLC
06:01
Market

Transaction in Own Shares

KYGA
KYGA Kerry Group
06:01
Market

Transaction in Own Shares

DRX
DRX Drax Group PLC
06:01
Market

Transaction in Own Shares

PIN
PIN Pantheon International PLC
06:01
Market

Transaction in Own Shares

APTD
APTD Aptitude Software Group PLC
06:01
Market

Transaction in Own Shares

RKT
RKT Reckitt Benckiser Group PLC
06:01
Market

Transaction in Own Shares

HVPE
HVPE HarbourVest Global Private …
06:01
Market

Transaction in Own Shares

RCP
RCP RIT Capital Partners
06:01
Market

Transaction in Own Shares

NEO
NEO Neo Energy Metals Plc
06:01
Market

Update on Acquisition

RECI
RECI Real Estate Credit Investme…
06:01
Market

Transaction in Own Shares

BAB
BAB Babcock International Group…
06:01
Market

Transaction in Own Shares

CHRY
CHRY Chrysalis Investments Ltd
06:01
Market

Transaction in Own Shares

INPP
INPP International Public Partne…
06:01
Market

Transaction in Own Shares

FAIR
FAIR Fair Oaks Income Limited
06:01
Market

Transaction in Own Shares

RMMC
RMMC River and Mercantile UK Mic…
06:01
Market

Transaction in Own Shares

GMR
GMR Gaming Realms plc
06:01
Market

Transaction in Own Shares

SEQI
SEQI Sequoia Econ Infrastructure
06:01
Market

Transaction in Own Shares

CLDN
CLDN Caledonia Investments
06:01
Market

Transaction in Own Shares

EDIN
EDIN Edinburgh Investment Trust
06:01
Market

Transaction in Own Shares

RTW
RTW RTW Venture Fund Ltd
06:01
Market

Transaction in Own Shares

MRO
MRO Melrose Industries PLC
06:01
Market

Transaction in Own Shares

FEVR
FEVR Fevertree Drinks Plc
06:01
Market

Transaction in Own Shares

KITW
KITW Kitwave Group PLC
06:01
Market

Scheme Effective

NCC
NCC NCC Group plc
06:01
Market

Transaction in Own Shares

HSBK
HSBK Halyk Bank of Kazakhstan Jo…
06:01
Market

Announcement of the AGM

KLR
KLR Keller Group PLC
06:01
Market

Transaction in Own Shares

GEX
GEX Georgina Energy PLC
06:01
Market

Hussar EP513 Drill Contract Update

**Summary:** Georgina Energy PLC provided an update on the Hussar EP513 drill contract, highlighting ongoing discussions with Ensign Energy regarding the supply of its Ensign 970 drilling rig. Ensign has until March 18, 2026, to respond t…

**Summary**
Georgina Energy PLC provided an update on the Hussar EP513 drill contract, highlighting ongoing discussions with Ensign Energy regarding the supply of its Ensign 970 drilling rig. Ensign has until March 18, 2026, to respond to the standard contract, while Georgina continues to review other rig options. The company remains on track for civil engineering access and site works to commence in Q2 2026, with drill <mark style="background-color:yellow">test</mark>ing planned for Q3 2026. Georgina is working closely with Harlequin Energy and its partners following the signing of an off-take agreement, which will fund the drilling and field development. Preparatory works, including water well drilling rig access and road repairs, are progressing, supported by technical consultant Aztech Well Construction. The Hussar prospect, one of the largest subsalt Helium, Hydrogen, and Hydrocarbons prospects in onshore Australia, has a targeted drilling depth of approximately 2,800 meters. Georgina Energy aims to capitalize on the growing demand for hydrogen and helium, leveraging its strategic onshore interests in Australia.
NewContract
RSG
RSG Resolute Mining Limited
06:01
Market

Doropo Final Investment Decision Approved

**Summary:** Resolute Mining Limited has formally approved the Final Investment Decision (FID) for its Doropo Gold Project in Côte dIvoire, marking a significant step toward construction and production. This decision aligns with Resolutes…

**Summary**
Resolute Mining Limited has formally approved the Final Investment Decision (FID) for its Doropo Gold Project in Côte dIvoire, marking a significant step toward construction and production. This decision aligns with Resolutes strategy to become a leading multi-asset gold producer in West Africa, aiming to exceed 500,000 ounces of annual gold production by 2028. The project, located in the Bounkani Region, boasts robust economics, a 13-year initial mine life, and strong financial metrics, including a post-tax NPV of US$2.54 billion and an IRR of 72%. Construction is set to begin in H1 2026, supported by Resolutes strong balance sheet with a net cash position of US$209 million as of December 2025. The project is expected to generate significant shareholder value while benefiting local communities and national partners. Resolute will continue evaluating funding options to maintain financial flexibility as the project progresses.
Approvals
VEIL
VEIL Vietnam Enterprise Investme…
06:01
Market

Transaction in Own Shares

BRGE
BRGE BlackRock Greater Europe In…
06:01
Market

Total Voting Rights

BERI
BERI Blackrock Energy and Resour…
06:01
Market

Total Voting Rights

4BB
4BB 4BASEBIO UK SOCIETAS
06:01
Market

Appointment of COO

FOG
FOG Falcon Oil & Gas Ltd.
06:01
Market

Falcon Oil & Gas Ltd. - Falcon Announces Shareholder Approval of Transaction with Tamboran

**Summary:** Falcon Oil & Gas Ltd. announced on March 12, 2026, that its shareholders overwhelmingly approved (99.76% of votes cast) a transaction with Tamboran Resources Corporation. The transaction, structured as a plan of arrangement, …

**Summary**
Falcon Oil & Gas Ltd. announced on March 12, 2026, that its shareholders overwhelmingly approved (99.76% of votes cast) a transaction with Tamboran Resources Corporation. The transaction, structured as a plan of arrangement, involves Falcon, Tamboran, and related entities. Shareholder approval met the required thresholds, including a two-thirds majority and a simple majority excluding certain votes under regulatory requirements (MI 61-101).
Completion of the transaction is contingent on several conditions, including court approval, NYSE listing authorization for Tamboran’s common stock, absence of legal prohibitions, no material adverse changes, and standard closing conditions. If finalized by March 16, 2026, Falcon’s shares will be suspended from trading on AIM on March 17 and delisted on March 18. However, the timeline is subject to all conditions being met, with no guarantees.
The transaction excludes votes from Falcon’s CEO and CFO due to their significant shareholdings, as per regulatory requirements. Further details are available on SEDAR+ and Falcon’s website. The company cautioned that forward-looking statements regarding the transaction involve risks, including regulatory approvals, integration challenges, and market conditions. Falcon operates in unconventional oil and gas exploration, with assets in Australia, South Africa, and Hungary.
Approvals
ICGT
ICGT ICG Enterprise Trust PLC
06:01
Market

Director/PDMR Shareholding

b) Nature of the transaction <mark style="background-color:yellow">Purchase</mark> of ordinary shares

b) Nature of the transaction <mark style="background-color:yellow">Purchase</mark> of ordinary shares
NBPE
NBPE NB Private Equity Partners …
06:01
Market

NBPE Announces Transaction in Own Shares

DEC
DEC Diversified Energy Company …
06:01
Market

Q3 2025 Dividend Exchange Rate

VTA
VTA Volta Finance Limited
06:01
Market

Dividend Declaration

PSH
PSH Pershing Square Holdings Ltd
06:01
Market

Transaction in Own Shares

SNR
SNR Senior PLC
06:01
Market

Form 8.3

YNGN
YNGN Young & Co.s Brewery P.L.C
06:01
Market

Transaction in Own Shares

EDV
EDV Endeavour Mining Corp
05:31
Market

Transaction in Own Shares

Digested News

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

IPF logo IPF

Holding(s) in Company

International Personal Finance PLC

TR1 Buy
['HSBC Holdings plc', '8.116000', '7.649000']
IEM logo IEM

Holding(s) in Company

Impax Environmental Markets PLC

TR1 Buy
['Jefferies Financial Group Inc', '4.756000', '5.707000']
AUGM logo AUGM

Takeover Code Rule 8.3 Disclosure

Augmentum Fintech PLC

**Summary**
On March 12, 2026, Two Plus Two Holdings PTY, acting as Trustees of the Forty One Holdings Trust, disclosed its interests in Augmentum Fintech PLC under Rule 8.3 of the Takeover Code. The disclosure, dated March 11, 2026, revealed that the trust holds 2,000,000 relevant securities of Augmentum Fintech PLC, representing 1.20% of the companys shares. Key individuals associated with the trust include Paul Longmuir (Beneficiary & Signatory), Allan Blaikie (Settlor), and Two Plus Two Holdings PTY (Trustees). No dealings, indemnities, or derivative arrangements were reported, and no Supplemental Form 8 (Open Positions) was attached. The disclosure complies with regulatory requirements for public opening position disclosures.
Takeover
ONT logo ONT

Share Incentive Plan - Director/PDMR Shareholding

Oxford Nanopore Technologies Ltd

Under the SIP, the SIP Trustee will award each participating employee one Matching Share (as defined in the SIP) for each Ordinary Share <mark style="background-color:yellow">purchase</mark>d by the employee under the SIP. On 12 March 2026, the Company issued 121 Ordinary Shares to the SIP Trustee to hold on behalf of Nick Keher to satisfy the Matching Shares awarded under the SIP to him on that date.
IPF logo IPF

Form 8.3

International Personal Finance PLC

CPI logo CPI

Director/PDMR Shareholding

Capita PLC

b) Nature of the transaction Market <mark style="background-color:yellow">Purchase</mark> of Ordinary Shares
IPF logo IPF

Form 8.3

International Personal Finance PLC

AA4 logo AA4

Form 8.3

Amedeo Air Four Plus Limited

IPF logo IPF

Form 8.3

International Personal Finance PLC

CWK logo CWK

Holding(s) in Company

Cranswick PLC

<mark style="background-coloryellow">TR1</mark> Buy
['JPMorgan Asset Management Holdings Inc.', '4.831696', 'Below minimum threshold']
AA4 logo AA4

Form 8.3

Amedeo Air Four Plus Limited

IPF logo IPF

Form 8.3

International Personal Finance PLC

CPI logo CPI

Director/PDMR Shareholding

Capita PLC

b) Nature of the transaction Market <mark style="background-color:yellow">Purchase</mark> of Ordinary Shares
BASC logo BASC

Holding(s) in Company

Brown Advisory US Smaller Companies PLC

TR1 Buy
['Rathbones Investment Management Ltd', '4.995700', '6.092200']
CPI logo CPI

Director/PDMR Shareholding

Capita PLC

b) Nature of the transaction Market <mark style="background-color:yellow">Purchase</mark> of Ordinary Shares
WIZZ logo WIZZ

Holding(s) in Company

Wizz Air Holdings PLC

TR1 Buy
['Causeway Capital Management LLC', '6.290000', '5.040000']
SVML logo SVML

Sovereign Signs Rutile Offtake MoU with Mitsui

Sovereign Metals Ltd

**Summary**
Sovereign Metals Limited announced on March 12, 2026, the signing of a non-binding Memorandum of Understanding (MOU) with Mitsui & Co. for the offtake of natural rutile from its Kasiya Rutile-Graphite Project in Malawi. The MOU outlines a framework for supplying up to 70,000 tonnes per year of high-grade rutile concentrate (TiO₂ >95%) to Japan’s titanium industry over an initial four-year period, with a potential five-year extension. This agreement aligns with global efforts to secure critical mineral supply chains, particularly highlighted by the inaugural US Critical Minerals Ministerial and joint initiatives between the US, EU, and Japan to enhance supply chain resilience.
Japan, the world’s second-largest titanium producer after China, relies heavily on natural rutile as a key feedstock for its high-performance titanium manufacturing, which serves aerospace, defense, and advanced industries. The MOU underscores Mitsui’s strategic interest in securing reliable rutile supply from Kasiya, the world’s largest natural rutile deposit. Sovereign’s product has already been validated by Toho Titanium for high-specification titanium production.
The agreement comes amid heightened global focus on critical minerals, with the US, EU, and Japan collaborating on trade policies, border-adjusted price floors, and a preferential trade framework to mitigate supply chain vulnerabilities. Sovereign’s Managing Director, Frank Eagar, emphasized the MOU’s significance in this context, positioning the company as a cornerstone of diversified, Western-aligned titanium feedstock supply.
Key terms include an indicative volume of up to 70,000 tonnes annually, a four-year initial supply period (starting 2030), and market-based pricing. The MOU is non-binding but reflects mutual intent to negotiate a formal sales agreement, subject to existing agreements with Rio Tinto and the International Finance Corporation. The MOU is effective for two years.
Offtake
ARS logo ARS

Regulatory Approval Received for KSK Transaction

Asiamet Resources Limited

**Summary**
Asiamet Resources Limited announced on March 12, 2026, that it has received Chinese regulatory approval from the State-owned Assets Supervision and Administration Commission (SASAC) for the sale of its interest in Indokal Limited, which holds a 100% indirect stake in the KSK Project, to Norin Mining (Hong Kong) Limited. This approval follows shareholder consent obtained in January 2026. Completion of the transaction remains contingent on fulfilling remaining conditions, including Indonesian regulatory processes. CEO Darryn McClelland highlighted this as a significant milestone toward finalizing the sale, with further updates expected soon. The announcement includes contact details for key executives and advisors, as well as a forward-looking statement disclaimer regarding potential risks and uncertainties.
Approvals
SVS logo SVS

Final Results

Savills

**Summary of Savills PLC Final Results for the Year Ended 31 December 2025**
Savills PLC, a global real estate advisor, reported strong financial results for the year ended 31 December 2025, highlighting resilience and accelerating momentum across its operations.
**Financial Highlights**
**Group Revenue** Increased by 6.1% to £2,551 million (2024: £2,404 million), with 8% growth in constant currency.
**Underlying Profit Before Tax** Rose by 11.4% to £145.3 million (2024: £130.4 million).
**Reported Profit Before Tax** Grew by 14.4% to £101.0 million (2024: £88.3 million).
**Underlying Basic EPS** Increased by 16.6% to 77.2p (2024: 66.2p).
**Reported Basic EPS** Surged by 32.0% to 52.0p (2024: 39.4p).
**Total Dividend per Share** Increased by 11.9% to 33.8p (2024: 30.2p).
**Net Cash** Decreased slightly by 4.9% to £167.7 million (2024: £176.3 million).
**Key Highlights**
**Revenue Growth** All four business areas and three regions reported year-on-year growth. Transactional business revenue grew by 4% (6% in constant currency), while Less Transactional businesses grew by 8% (9% in constant currency).
**Profit Growth** Underlying profit before tax increased by 11%, with Transactional profits up 13% and Less Transactional profits up 15%, reflecting operational gearing and restructuring benefits.
**Dividend Increase** The Board recommended a final ordinary dividend of 15.7p per share and a 24% increase in the supplemental dividend to 10.7p per share, totaling 33.8p per share.
**Leadership Succession** CEO and CFO succession was completed with Simon Shaw as Group Chief Executive and Nick Sanderson as Group Chief Financial Officer.
**Outlook**
Despite challenges like the conflict in the Middle East, Savills expects continued momentum in global real estate markets. The Group anticipates progressive growth in investment activity across key markets, supported by strong transactional pipelines and operational leverage.
**Strategic Priorities**
1. **Real Estate Investment Banking (REIB):** Scaling the REIB operation to improve profitability.
2. **Less Transactional Businesses** Driving growth through organic expansion and selective investments.
3. **International Operations** Broadening services and improving profitability in key markets.
4. **Prime Residential Advisory** Expanding global prime residential services.
5. **Savills Investment Management (IM)** Growing as an investment and outsourced asset manager.
**Market Conditions**
Global commercial property investment rose by 15% in 2025, led by the US. The UK saw modest growth, while Europe experienced gradual improvement. The Middle East remained supportive, and North America saw strengthening office leasing activity.
**Business Development**
Savills strengthened its position through acquisitions like Osborne King in Ireland, Hoffman in North America, and Alpina in Singapore, enhancing its integrated service offerings.
**Technology and Innovation**
Investments in proprietary technology platforms and AI strategies aim to enhance service efficiency and client insights, with a focus on human oversight and governance.
**Board Changes**
Mark Ridley retired as Group Chief Executive, succeeded by Simon Shaw. Nick Sanderson joined as Group Chief Financial Officer.
**Dividend Policy**
The bifurcated dividend policy continues, with a progressive basic ordinary dividend and a supplemental dividend tied to transactional performance.
**Conclusion**
Savills PLC demonstrated robust performance in 2025, driven by diversified business lines and strategic initiatives. The Group is well-positioned for continued growth, supported by strong market positions, technological advancements, and a clear strategic vision.
Here is the HTML table code comparing the financials and debt year on year for Savills PLC:
MetricFY25 (£m)FY24 (£m)Change
Group Revenue2,5512,404+6.1%
Underlying Profit Before Tax145.3130.4+11.4%
Reported Profit Before Tax101.088.3+14.4%
Net Cash (as at 31 December)167.7176.3-4.9%
Borrowings (Non-current)128.7119.6+7.6%
Borrowings (Current)48.041.3+16.2%
Total Borrowings176.7160.9+9.8%
**Key Observations:** * **Revenue Growth:** Savills PLC experienced a 6.1% increase in group revenue from FY24 to FY25, indicating strong performance across all business areas and regions. * **Profitability Improvement:** Underlying profit before tax increased by 11.4%, while reported profit before tax grew by 14.4%, showcasing improved operational efficiency and benefits from prior year restructuring. * **Net Cash Decrease:** Net cash decreased by 4.9%, primarily due to increased borrowings and acquisitions. * **Debt Increase:** Total borrowings increased by 9.8%, with both non-current and current borrowings rising, indicating a shift towards higher leverage. This table provides a concise comparison of key financials and debt metrics for Savills PLC, highlighting areas of growth, profitability, and changes in debt levels.
TCAP logo TCAP

Launch of sixth share buyback programme of £80m

TP ICAP Group PLC

**Summary**
TP ICAP Group plc announced the launch of its sixth share buyback programme, valued at £80 million, following the completion of its fifth £30 million buyback. The programme aims to reduce the companys capital and/or meet obligations under employee share schemes. Shares purchased that are not cancelled will have their dividend rights waived. The buyback underscores the Boards confidence in TP ICAPs future prospects, strong financial performance, and operational progress. The programme includes £50 million from the companys legal entities rationalisation programme, delivered ahead of schedule. Since 2023, TP ICAP has completed or announced £230 million in share buybacks.
The buyback will be conducted within pre-set parameters, adhering to shareholder authority granted at the 2025 Annual General Meeting, which allows the purchase of up to 10% of issued ordinary shares. The programme complies with UK and EU regulations, including the Financial Conduct Authoritys Listing Rules and the Market Abuse Regulation (MAR). TP ICAP has appointed Peel Hunt LLP to manage the buyback as a "matched principal," operating independently during closed periods. Transactions will be disclosed via RNS announcements and published on the companys website within seven days of execution.
TP ICAP, a leading wholesale market intermediary, operates globally in financial, energy, and commodities markets, providing broking services, data, analytics, and market intelligence from over 60 offices in 28 countries. The announcement includes forward-looking statements, noting potential variations in actual results. Contact details for enquiries are provided for the Group Company Secretary, analysts/investors, and media.
Launch
SOM logo SOM

Launch of 2026 Share Buyback Programme

Somero Enterprise Inc

**Summary**
Somero Enterprises Inc. announced the launch of its **2026 Share Buyback Programme** on March 12, 2026, authorizing the repurchase of up to **US$4.0 million** of its ordinary shares. The program, managed by Cavendish Capital Markets Limited, aims to reduce the companys share capital by canceling purchased shares. It will run until June 30, 2027, operating within pre-set parameters and independently of the company. The buyback reflects Someros disciplined approach to capital allocation, sustainable growth, and maintaining a strong balance sheet. The program complies with regulatory requirements, including Market Abuse Regulation (MAR), and may represent a significant portion of daily trading volume on the London Stock Exchange. Shareholders were informed that the buyback could exceed 25% of average daily traded volume, potentially impacting market dynamics.
Launch
BPT logo BPT

Final Results

Bridgepoint Group Plc

**Summary**
Bridgepoint Group plc, a private equity, credit, and infrastructure fund manager, reported strong financial performance for the year ended December 31, 2025, with key highlights including
**Financial Performance** Underlying management fees and other income grew by 13.0% to £427.7 million, and performance-related earnings (PRE) increased by 9.5% to £151.6 million. EBITDA margin stood at 52.6%.
**Capital Deployment and Returns** Deployed €7.8 billion of capital and returned €8.1 billion to fund investors, exceeding drawn commitments.
**Fundraising** On track to meet the €24 billion fundraising target by the end of 2026, with €14 billion already raised.
**Assets Under Management (AUM)** AUM increased by 24.5% to $94.1 billion, driven by successful fundraising and strong fund performance.
**Strategic Progress** Entered the secondaries market with the addition of Newbury Bridgepoint, expanding capabilities and diversifying income streams.
**Dividend and Share Buyback** Proposed a final dividend of 4.7 pence per share and extended the share buyback program to May 2027.
**Outlook** Positive transaction pipeline for 2026 and beyond, with a focus on continued growth in fundraising and capital deployment.
**Key Financial Metrics (in £ million, unless otherwise stated):**
**Underlying Management Fees and Other Income:** £427.7 (2024: £404.0)
**PRE** £151.6 (2024: £138.5)
**Underlying EBITDA** £304.8 (2024: £292.0)
**Profit Before Tax** £85.7 (2024: £80.7)
**Total AUM** $94.1 billion (2024: $75.6 billion)
**Fee Paying AUM** €38.8 billion (2024: €38.7 billion)
**Strategic Initiatives**
**Secondaries Market Entry** Acquired Newbury Partners to establish a presence in the fast-growing secondaries segment.
**Wealth Product Launch** Introduced Bridgepoint Generations, a globally diversified middle-market direct private equity offering for the private wealth channel.
**M&A and Integration** Continued focus on platform-enhancing acquisitions and effective integration to support long-term growth.
**Future Outlook**
**Fundraising** Expects to close fundraising for flagship infrastructure and direct lending funds in H2 2026 and continue BE VIII fundraising into 2027.
**Deployment and Exits** Strong pipeline for both capital deployment and portfolio company exits, with multiple exits planned for 2026.
**Geographic Expansion** Continued focus on the Middle East and other regions to diversify capital sources and enhance global reach.
**Conclusion**
Bridgepoint Group plc demonstrated robust financial and operational performance in 2025, underpinned by successful fundraising, strong fund performance, and strategic initiatives. The company is well-positioned for continued growth, with a healthy pipeline of investments and exits, and a clear strategy to expand its global footprint and diversify its product offerings.
To compare the financials and debt year on year, we need to extract the relevant data from the text and present it in a table format. Here's the HTML table code:
Metric2024 (Pro forma)2025Change (%)
Total AUM ($bn)N/A94.1N/A
Total AUM (€bn)N/A80.3N/A
Fee Paying AUM (€bn)38.738.80.3%
Fee Paying AUM ($bn)40.145.513.5%
Underlying management and other income (£m)404.0427.75.9%
Underlying total operating income (£m)542.5579.36.8%
Total expenses (excluding exceptional expenses, adjusted items and personnel expenses excluded from FRE) (£m)(248.7)(271.3)9.1%
Underlying EBITDA (£m)292.0304.84.4%
Underlying EBITDA margin (%)53.8%52.6%(1.20)ppt
FRE (£m)155.3156.40.7%
PRE (£m)138.5151.69.5%
Underlying profit before tax (excluding FX) (£m)249.8251.50.7%
Underlying profit before tax (£m)237.5248.34.5%
Profit before tax (£m)150.085.7(42.9%)
Underlying profit after tax (£m)211.9219.33.5%
Profit after tax (£m)124.456.7(54.4%)
Basic EPS (pence)15.15.0(66.9%)
Underlying basic EPS (pence)25.726.53.1%

Debt Comparison

Metric20242025Change (%)
Borrowings (excluding capitalised facility costs)(490.3)(456.1)(7.0%)
Net (debt)/ cash (excluding cash belonging to consolidated CLOs and structured fund vehicles attributable to third-party investors (restricted use))(399.5)(262.6)(34.3%)
Note: The debt comparison table only includes the available data on borrowings and net debt/cash. The text does not provide a direct comparison of other debt-related metrics year on year. This HTML code creates two tables: one for financial comparisons and another for debt comparisons. The tables include the metrics, values for 2024 (pro forma) and 2025, and the percentage change between the two years.
FSJ logo FSJ

Preliminary results for the year ended 31 Dec 2025

James Fisher and Sons PLC

**Summary of James Fisher and Sons plc Preliminary Results for the Year Ended 31 December 2025**
James Fisher and Sons plc, a leading marine services company, reported preliminary results for FY2025, highlighting significant financial and strategic progress despite challenging market conditions.
**Financial Highlights**
**Revenue Growth** Revenue increased by 4.3% to £377.2 million (underlying, adjusted for disposals and staged closures).
**Underlying Operating Profit** Surged by 56.3% to £28.6 million, driven by cost actions, improved Defence execution, and recovery in previously underperforming businesses.
**Operating Margin** Improved by 250 basis points to 7.6%, reflecting operational efficiencies and strategic initiatives.
**Net Debt Reduction** Net debt decreased to £54.4 million, with covenant leverage at 1.3x, comfortably within the target range.
**Return on Capital Employed (ROCE)** Increased by 250 basis points to 8.6%, moving closer to the medium-term target of 15%.
**Strategic Progress**
**Portfolio Simplification** Continued simplification of the portfolio through further disposals and staged closures, focusing on core businesses.
**Defence Capabilities** Strengthened Defence capabilities led to a replenished orderbook and growing pipeline, with a focus on specialist capabilities.
**Product Development** Developed six new products and increased targeted development investment to support future growth.
**Operational Efficiency** Improved execution and cost discipline across all divisions, leading to margin expansion.
**Market Conditions and Outlook**
**Defence** Strong demand aligned with the companys specialist capabilities, supported by increased global defence spending.
**Energy** Signs of structural recovery in the energy market, though short-term conditions remain volatile due to geopolitical uncertainties.
**Maritime Transport** Expected benefits from new build vessels starting in 2027 and selective expansion in Fendercare.
**2026 Outlook** Trading has started the year in line with management expectations, with the Board confident in delivering further progress towards medium-term financial targets of a 10% underlying operating profit margin and 15% ROCE.
**CEO Commentary**
Jean Vernet, CEO, emphasized the turning point in 2025, marked by strategic focus, simplification, and operational improvements. The companys efforts have laid a strong foundation for sustainable growth, with a clear pathway towards achieving medium-term financial targets.
**Financial Performance by Division**
**Energy** Revenue declined by 23.6% to £158.6 million due to disposals and staged closures, but underlying operating profit improved by 23.1% to £17.6 million, driven by turnaround initiatives.
**Defence** Revenue grew by 10.9% to £88.8 million, with underlying operating profit increasing by 189.5% to £5.5 million, supported by strong demand and improved execution.
**Maritime Transport** Revenue was stable at £147.0 million, with underlying operating profit rising by 44.4% to £20.8 million, reflecting improved profitability and operational efficiency.
**Balance Sheet and Liquidity**
**Net Assets** Decreased slightly to £187.3 million, primarily due to reductions in working capital offset by increases in intangible assets.
**Liquidity** Maintained a strong liquidity position with £37.0 million, well above the minimum target of £20.0 million.
**Future Focus**
The company remains focused on scaling its operations, integrating its supply chain, and investing in new products and technologies to drive growth across its core geographies. Despite macroeconomic and geopolitical uncertainties, James Fisher is well-positioned to capitalize on emerging opportunities in Defence, Energy, and Maritime Transport.
**Conclusion**
James Fisher and Sons plc demonstrated resilience and strategic agility in 2025, achieving significant financial and operational improvements. With a strengthened portfolio, enhanced capabilities, and a clear growth strategy, the company is poised for continued progress in 2026 and beyond, aiming to deliver long-term value for stakeholders.
Here is the HTML table code comparing the financials and debt year on year for James Fisher and Sons plc:
Metric20252024Change
Revenue (£m)394.4437.7-9.9%
Operating Profit (£m)16.173.1-78.0%
Profit Before Tax (£m)4.354.0-92.0%
Net Debt (£m)54.456.1-3.0%
Net Debt - Covenant Basis (£m)61.061.0n/a
Underlying Revenue (£m)377.2361.74.3%
Underlying Operating Profit (£m)28.618.356.3%
Underlying Operating Margin7.6%5.1%250 bps
Return on Capital Employed (ROCE)8.6%6.1%250 bps
**Key Observations:** * **Revenue Decline:** Reported revenue decreased by 9.9% from 2024 to 2025, primarily due to reductions in Energy and Maritime Transport following prior year disposals and staged closures. * **Profitability Pressure:** Operating profit and profit before tax saw significant declines in 2025 compared to 2024, largely due to the absence of significant gains on disposals recognized in the previous year. * **Debt Reduction:** Net debt decreased slightly by 3.0% from 2024 to 2025, indicating a focus on debt management. * **Underlying Improvement:** Underlying revenue, operating profit, and margins showed improvement in 2025, suggesting progress in the company's turnaround efforts. * **ROCE Increase:** Return on Capital Employed increased significantly, reflecting improved operational efficiency and asset utilization.
ALFA logo ALFA

Full Year Results for year ended 31 December 2025

Alfa Financial Software Holdings PLC

**Summary of Alfa Financial Software Holdings PLCs Full Year Results for 2025**
**Financial Performance**
**Revenue Growth** Revenue increased by 15% to £126.7 million in 2025, driven by a 16% growth in subscription revenues, which reached £43.6 million.
**Profitability** Operating profit rose by 17% to £40.1 million, with an operating margin of 31.6%. Profit before tax also increased by 18% to £40.1 million.
**Earnings Per Share (EPS)** Basic EPS grew by 17% to 10.19 pence, and diluted EPS increased by 18% to 10.14 pence.
**Cash Generation** Strong cash generation continued, with a 97% free cash flow conversion rate. Cash reserves increased to £26.4 million.
**Strategic Highlights**
**Subscription Revenue Growth** Subscription revenues grew by 16%, becoming the fastest-growing revenue stream. Annual Recurring Revenue (ARR) increased by 15% to £43.9 million.
**Customer Expansion** Alfa Cloud customers increased to 22, up from 21 in 2024. Net Revenue Retention (NRR) improved to 109%, reflecting strong customer retention and expansion.
**Product Development** Invested £37.7 million in product development, focusing on US Auto Originations, Fleet, and Commercial Finance, to expand market reach and addressable markets.
**Sales and Delivery Momentum** Strong late-stage pipeline with 10 prospects, 5 of which are working under letters of engagement. Delivered 35 go-lives, demonstrating robust delivery execution.
**Employee Growth and Retention** Average headcount increased by 6% to 516, with a high staff retention rate of 97%.
**Dividends**
**Ordinary Dividend** Increased to 1.5 pence per share, up 7% from the previous year.
**Special Dividend** Declared a special dividend of 3.1 pence per share, up 29% from the previous year, reflecting confidence in future performance.
**Outlook**
**Revenue Growth** Expects strong subscription revenue growth and good delivery revenue growth in 2026, despite currency headwinds and macro uncertainty.
**US Market** The US business now accounts for 45% of revenues, creating a headwind for reported results due to current exchange rates.
**Pipeline Strength** Maintains a healthy sales pipeline, with good activity in the early stages, indicating continued demand for Alfas software solutions.
**CEO Commentary**
Andrew Denton, CEO, highlighted exceptional operational and financial performance, achieving a "Rule of 40" target with 17% constant currency revenue growth and a 32% operating profit margin. He emphasized strategic progress in subscription revenues, product development, and AI integration, positioning Alfa for continued growth and market expansion.
**Conclusion**
Alfa Financial Software Holdings PLC delivered strong financial and operational results in 2025, with significant growth in subscription revenues, robust profitability, and strategic advancements in product development and market expansion. The company remains confident in its future prospects, supported by a healthy pipeline and continued investment in innovation.
Here is the HTML table code comparing the financials and debt year on year for Alfa Financial Software Holdings PLC:
Metric2025 (£m)2024 (£m)Change (%)
Revenue126.7109.915%
Operating Profit40.134.317%
Profit Before Tax40.134.118%
Cash26.420.529%
Total Contract Value (TCV)227.5221.33%
Debt000%
**Notes:** * The table includes key financial metrics such as revenue, operating profit, profit before tax, cash, total contract value (TCV), and debt. * The "Change (%)" column shows the percentage change between 2025 and 2024 for each metric. * The debt column shows that Alfa Financial Software Holdings PLC has no bank debt in both 2025 and 2024. This table provides a concise comparison of the company's financial performance and debt position between 2025 and 2024.
SNX logo SNX

Director Dealings

Synectics plc

<mark style="background-coloryellow">Purchase</mark> of Ordinary Shares
91SN logo 91SN

DP World Limited announces FY2025 Results

Dp World Sukuk Limited

**Summary of DP World Limited FY2025 Results**
DP World Limited reported record financial results for FY2025, with **revenue surging 22.0% to $24.4 billion** and **adjusted EBITDA rising 18.0% to $6.4 billion**, driven by strong performance in Ports & Terminals and Logistics. The company achieved a **26.3% adjusted EBITDA margin** and a **32.2% increase in profit to nearly $2.0 billion**, reflecting operational efficiency and disciplined cost management.
**Key Highlights**
1. **Revenue Growth** Ports & Terminals revenue per TEU increased by 8.5% on a like-for-like basis, with strong contributions from the UAE, Middle East, Africa, Europe, and the Americas.
2. **Strategic Investments** Capital expenditure of $3.1 billion was allocated to key growth markets, including Jebel Ali (UAE), London Gateway (UK), and Tuna Tekra (India), expanding port capacity to 109 million TEU.
3. **Logistics Expansion** The customer-centric logistics platform, serving 45,000+ customers, represents ~50% of global GDP and over 80% of Group logistics revenues.
4. **Sustainability Progress** Achieved a **14% reduction in Scope 1 and 2 carbon emissions** and increased renewable electricity to **67% of total global usage**.
5. **Regional Performance**
**Middle East, Europe, and Africa** Revenue grew 20.1% to $16.7 billion, with adjusted EBITDA up 22.4% to $5.1 billion.
**Asia Pacific and India** Revenue increased 26.4% to $3.6 billion, with adjusted EBITDA at $748 million.
**Australia and Americas** Revenue rose 26.3% to $4.1 billion, with adjusted EBITDA up 14.5% to $1.3 billion.
6. **Jebel Ali Update** The port remains fully operational, but regional security issues have temporarily reduced inbound vessel traffic. Mitigation measures are in place.
7. **Financial Strength** Cash generated from operations increased 14.0% to $6.3 billion, and net leverage remained stable at **3.4x** (pre-IFRS16).
**Leadership Commentary**
Group Chairman H.E. Essa Kazim and Group CEO Yuvraj Narayan emphasized DP World’s resilience amid geopolitical challenges, highlighting its diversified portfolio, integrated platform, and focus on high-yield cargo. The company remains confident in the long-term outlook for global trade and is committed to sustainable, customer-centric solutions.
**Future Outlook**
DP World plans to invest up to $3.0 billion in 2026, focusing on strategic locations like Jebel Ali, Jeddah, and London Gateway. Despite near-term uncertainties, the company is well-positioned to capitalize on emerging trade corridors and regionalization trends, aiming for long-term sustainable growth.
Here’s the HTML table code comparing the financials and debt year-on-year for DP World Limited based on the provided text:
Metric2025 (USD million)2024 (USD million)% ChangeLike-for-like at Constant Currency % Change
Revenue24,42220,02322.0%13.4%
Adjusted EBITDA6,4305,45018.0%16.8%
Adjusted EBITDA Margin26.3%27.2%(0.9%)28.0%
Profit for the Year1,9601,48332.2%31.8%
Profit Attributable to Owners1,07275142.7%-
Cash Generated from Operating Activities6,3005,50014.0%-
Net Debt (Pre-IFRS16)17,90015,30017.0%-
Net Debt (Post-IFRS16)25,90022,40015.6%-
Net Leverage (Pre-IFRS16)3.4x3.4x0.0%-
Net Leverage (Post-IFRS16)4.0x4.1x(2.4%)-
Capital Expenditure3,1002,20040.9%-
### Key Notes: 1. **Revenue and EBITDA**: Both revenue and adjusted EBITDA saw significant growth in 2025 compared to 2024, driven by strong performance in Ports & Terminals and Logistics. 2. **Profitability**: Profit for the year increased by 32.2%, reflecting strong top-line performance and disciplined cost management. 3. **Debt and Leverage**: Net debt increased year-on-year, primarily due to higher lease and service concession liabilities. However, net leverage remained stable at 3.4x on a pre-IFRS16 basis. 4. **Cash Flow**: Cash generated from operating activities increased by 14.0%, highlighting robust cash generation. 5. **Capital Expenditure**: Capital expenditure increased significantly in 2025, with a focus on strategic investments across key growth markets. This table provides a concise comparison of key financial and debt metrics for DP World Limited between 2024 and 2025.
CCC logo CCC

Final Results 2025

Computacenter PLC

**Summary of Computacenter PLCs 2025 Final Results**
**Financial Performance Highlights**
**Revenue Growth** Computacenter PLC reported a 32.0% increase in revenue to £9,193.9 million in 2025, driven by strong performance in Technology Sourcing and Services.
**Gross Profit** Gross profit rose by 10.5% to £1,144.1 million, despite a decline in gross margin due to high-volume Technology Sourcing activity in North America.
**Adjusted Operating Profit** Adjusted operating profit increased by 11.3% to £274.7 million, with significant growth in North America and the UK, partially offset by weaker performance in France.
**Adjusted Profit Before Tax** Adjusted profit before tax grew by 7.1% to £272.0 million.
**Dividend** The final dividend was increased by 7.6%, bringing the total dividend growth to 5.5% at 74.6p per share.
**Regional Performance**
**North America** Outstanding performance with both enterprise and hyperscale customers, leading to nearly doubled profits and accounting for nearly 40% of the Group’s adjusted operating profit.
**UK** Returned to growth, benefiting from a more targeted approach and greater customer proximity.
**Germany** Delivered a stronger second half, supported by public sector recovery, achieving a result similar to 2024.
**France** Disappointing performance due to reduced hardware volume in the public sector and challenging market conditions.
**Strategic and Operational Highlights**
**Customer Growth** Added 27 major customers, reaching a total of 215, the highest growth in five years.
**Professional Services** Strong revenue growth of 8.8% in constant currency, driven by the UK and North America.
**Managed Services** Modest decline in revenue, with an improved pipeline of opportunities.
**Product Order Backlog** Increased to £7.1 billion, up 200.3% year-on-year, driven by strong Technology Sourcing orders in North America and the UK.
**Capital Allocation**
**Investments** £46.2 million invested in Group-wide initiatives to improve capabilities and secure future growth.
**Acquisition** Completed the acquisition of AgreeYa for US$120 million, enhancing professional services capabilities in North America and India.
**Dividend Policy** Maintained a dividend cover of 2-2.5x adjusted diluted EPS, with a 5.5% increase in total dividend.
**Outlook**
**Strong Position** Exited 2025 with a record committed product order backlog of £7.1 billion across all geographies.
**Challenges** Aware of macroeconomic uncertainties, hardware component shortages, and political environment but confident in navigating these challenges.
**Expectations** Anticipate further strategic and financial progress in 2026, enhanced by the AgreeYa acquisition.
**CEO Commentary**
Mike Norris, CEO, highlighted the strong performance in 2025, driven by growth in major customers and both Technology Sourcing and Services. He emphasized the outstanding performance in North America, the return to growth in the UK, and the plans to improve performance in France. Norris also noted the strong cash generation and strategic acquisitions, positioning the company well for 2026.
**Financial Metrics**
**Adjusted Net Funds** Increased by 25.7% to £606.0 million, reflecting strong cash generation.
**Net Funds** Rose by 20.8% to £426.2 million.
**Operating Profit** Increased by 1.4% to £241.2 million.
**Profit Before Tax** Decreased by 2.5% to £238.5 million due to exceptional items.
**Strategic Focus**
**Target Market Customers** Focus on large corporate and public sector organizations.
**Service Line Scale** Build competitive advantage in Technology Sourcing, Professional Services, and Managed Services.
**Empower People** Enhance customer-facing capabilities and operational efficiency.
**Conclusion**
Computacenter PLC demonstrated robust financial and operational performance in 2025, with significant growth in key regions and strategic initiatives. Despite challenges, the company is well-positioned for continued progress in 2026, supported by a strong order backlog, strategic acquisitions, and a focus on customer relationships and operational efficiency.
Here is the HTML table code comparing the financials and debt year on year for Computacenter PLC:
Metric2025 (£m)2024 (£m)Change
Revenue9,193.96,964.832.0%
Gross Profit1,144.11,035.010.5%
Adjusted Operating Profit274.7246.711.3%
Adjusted Profit Before Tax272.0254.07.1%
Net Cash Inflow from Operating Activities293.6417.1(29.6%)
Adjusted Net Funds606.0482.225.7%
Net Funds426.2352.720.8%
Total Bank Loans(22.5)(7.4)204.1%
Lease Liabilities(179.8)(129.5)38.8%
**Key Observations:** * **Revenue Growth:** Computacenter PLC experienced significant revenue growth of 32.0% from 2024 to 2025, reaching £9,193.9 million. * **Profitability Improvement:** Adjusted operating profit and adjusted profit before tax both increased, by 11.3% and 7.1% respectively, indicating improved operational efficiency. * **Cash Flow Decline:** Net cash inflow from operating activities decreased by 29.6%, which could be a concern if it continues. * **Increased Debt:** Both total bank loans and lease liabilities increased significantly, indicating higher debt levels. * **Stronger Net Funds:** Despite increased debt, adjusted net funds and net funds both increased, suggesting the company still has a solid financial position.
INF logo INF

Final Results

Informa PLC

Informa PLC, a global B2B Live Events, B2B Digital Services, and Academic Markets Group, reported strong financial results for 2025, with record revenues and adjusted operating profit. Key highlights include
**Financial Performance**
Revenue increased by 13.7% to £4,041.4 million, with adjusted operating profit rising by 14.6% to £1,139.8 million.
Free cash flow grew by 9.0% to £884.8 million, driven by operating profit growth and focused cash management.
Adjusted diluted earnings per share increased by 11.0% to 55.6p, marking the fifth consecutive year of double-digit growth.
**Strategic Initiatives**
The company confirmed £620 million in cash returns for 2025 and accelerated share buybacks in 2026, starting with a minimum commitment of £200 million, later increased to £250 million.
Informas growth strategy, "One Informa," focuses on brand value extension, AI integration, customer experience enhancement, and data-led marketing, aiming to maximize the growth and value of its B2B platform.
**Segment Performance**
**B2B Live Events** Underlying revenue growth of 9.5%, with strong performances in Healthcare and Food sectors.
**Academic Markets (Taylor & Francis)** Delivered 3.6% underlying revenue growth, excluding non-recurring data access contracts, with a focus on expanding the journal portfolio and targeting new customer segments.
**B2B Digital Services (Informa TechTarget):** A foundational year with a focus on delivering positive growth in 2026, leveraging proprietary data and a broad product offer.
**Future Outlook**
Informa targets consistent 5%+ underlying revenue growth over the next three years, faster underlying profit growth, and 8%+ underlying EPS growth.
For 2026, the company aims for 6%± underlying revenue growth, with B2B Live Events targeting 7%+ growth, and double-digit underlying EPS growth.
**Sustainability and Governance**
Continued commitment to sustainability, recognized through inclusion in the Dow Jones Sustainability Index for the eighth consecutive year, achieving AAA ESG Rating from MSCI, and an A- CDP Score.
**Board and Corporate Updates**
Andy Ransom appointed to the Audit Committee, and the company announced a partnership with Dubai World Trade Centre to launch a new operating business, inD, in the IMEA region.
Informas 2025 results demonstrate robust financial health, strategic growth initiatives, and a commitment to sustainability and shareholder value, positioning the company for continued success in 2026 and beyond.
Here is the comparison of financials and debt year on year presented as an HTML table:
Metric2025 (£m)2024 (£m)Change (£m)Change (%)
Revenue4,041.43,553.1488.313.7%
Adjusted Operating Profit1,139.8995.0144.814.6%
Free Cash Flow884.8812.172.79.0%
Net Debt (incl. IFRS 16)3,066.23,201.8(135.6)(4.2%)
Adjusted Diluted EPS (p)55.650.15.511.0%
Full Year Dividend per Share (p)22.020.02.010.0%
### Key Observations: 1. **Revenue Growth**: Revenue increased by 13.7% from £3,553.1m in 2024 to £4,041.4m in 2025, driven by strong performance across all segments, particularly B2B Live Events. 2. **Adjusted Operating Profit Growth**: Adjusted operating profit grew by 14.6% from £995.0m in 2024 to £1,139.8m in 2025, reflecting improved margins and cost management. 3. **Free Cash Flow Improvement**: Free cash flow increased by 9.0% from £812.1m in 2024 to £884.8m in 2025, supported by higher operating profit and working capital inflows. 4. **Net Debt Reduction**: Net debt decreased by 4.2% from £3,201.8m in 2024 to £3,066.2m in 2025, despite significant shareholder returns. 5. **EPS Growth**: Adjusted diluted earnings per share increased by 11.0% from 50.1p in 2024 to 55.6p in 2025, marking the fifth consecutive year of double-digit growth. 6. **Dividend Increase**: The full-year dividend per share rose by 10.0% from 20.0p in 2024 to 22.0p in 2025, reflecting the company's commitment to shareholder returns. This table provides a clear year-on-year comparison of key financial metrics and debt levels for Informa PLC.
OCI logo OCI

Final Results for the Year Ended 31 December 2025

Oakley Capital Investments Limited

**Summary of Oakley Capital Investments Limited (OCI) Final Results for the Year Ended 31 December 2025**
Oakley Capital Investments Limited (OCI) announced its final results for 2025, highlighting strong performance and strategic positioning for future growth. OCI, a listed investment company, achieved a 10-year share price total return of **+362%**, outperforming the FTSE All-Share Index by **+239%** and the MSCI World Index by **+114%**.
**Key Highlights**
1. **Financial Performance**
Net Asset Value (NAV) per share**738 pence**
total NAV: **£1233 million**.
Total NAV return per share**+6%** (+45 pence), or **+3%** (+23 pence) excluding FX impact.
Total shareholder return**15%**.
Ten-year NAV return CAGR**15%**.
2. **Portfolio Performance**
Average portfolio company LTM EBITDA growth: **11%**.
Key NAV drivers
**Clio** (+33 pence) from vLex realisation.
**Phenna Group** (+23 pence) due to M&A and demand growth.
**TechInsights** (+13 pence) driven by AI-related demand.
**Time Out Group** (-32 pence) due to media headwinds and share issuance.
3. **Investments & Proceeds**
Total investments**£197 million** (16% of NAV), including £96 million in new platform deals (e.g., Brevo, Infravadis) and £79 million in follow-on investments.
Proceeds**£92 million** from exits (e.g., vLex at >6x gross return) and refinancings.
4. **Capital Allocation**
Completed **£50 million** share buyback in 2025, enhancing NAV per share by 11 pence.
Launched **£20 million** minimum buyback programme for 2026.
Committed **€500 million** to Oakley Capital Fund VI, with total outstanding commitments of **£992 million**.
Liquidity**£191 million** (cash: £95 million
undrawn credit facilities£96 million).
5. **Strategic Initiatives**
Transferred listing to the **Main Market** of the London Stock Exchange, gaining FTSE 250 inclusion.
Appointed **Christopher Samuel** as Chair and **Kiernan Bell** as Independent Non-Executive Director.
6. **AI Focus & Portfolio Positioning**
Two-thirds of portfolio value is in businesses with physical delivery or tangible products, benefiting from AI-driven efficiency gains.
Launched **Oakley Touring Fund** in 2024 to invest in AI-native B2B solutions and established the **Oakley AI Lab** to support AI adoption across the portfolio.
7. **Leadership Comments**
**Steve Pearce** (Interim Chair) emphasized resilience in a challenging environment and confidence in OCI’s ability to leverage AI for future growth.
**Peter Dubens** (Managing Partner, Oakley Capital) highlighted opportunities in the current market to partner with entrepreneurs and harness AI technologies.
OCI remains well-positioned to deliver resilient returns, with a diversified portfolio, strategic AI focus, and robust capital allocation strategy. The Q1 2026 trading update is scheduled for **29 April 2026**.
Below is the HTML table code comparing the financials and debt metrics year-on-year based on the provided text:
Metric20242025
Net Asset Value (NAV) per shareNot Provided738 pence
Total NAV Return per shareNot Provided+6% (+45 pence)
Total Shareholder ReturnNot Provided15%
Ten-year NAV Return CAGRNot Provided15%
Average Portfolio Company LTM EBITDA Growth15%11%
Average Portfolio Company Valuation Multiple (EV/EBITDA)16.4x16.3x
Average Net Debt/EBITDA Multiple4.1x4.1x
Total InvestmentsNot Provided£197 million (16% of NAV)
Proceeds from Exits and RefinancingsNot Provided£92 million (£57m exits, £35m refinancings)
Share BuybacksNot Provided£50 million (completed in 2026)
Liquidity (Cash + Undrawn Credit Facilities)Not Provided£191 million (£95m cash, £96m undrawn)
### Notes: - **2024 Data**: Only specific metrics like EBITDA growth, valuation multiple, and net debt/EBITDA multiple were provided for comparison. - **2025 Data**: Key financials and debt-related figures were extracted and compared where available. - **Missing Data**: Some metrics (e.g., 2024 NAV per share, total investments in 2024) were not provided in the text, hence marked as "Not Provided". This table provides a clear year-on-year comparison of the available financial and debt metrics.
HTWS logo HTWS

Full Year Results 2025

Helios Towers Plc

**Summary**
Helios Towers PLC, an independent mobile tower company, announced its full-year results for 2025, showcasing strong performance and progress towards its strategic goals. The company reported a 12% growth in Adjusted EBITDA, reaching US$471.1 million, and a significant expansion in free cash flow, exceeding expectations. Key highlights include
**Financial Performance** Helios Towers achieved a 9% increase in tenancies, reaching 31,944, and improved its tenancy ratio to 2.17x. Revenue grew by 8% to US$854.1 million, driven by organic tenancy growth and contractual escalators. Adjusted EBITDA margin increased to 55%, and operating profit rose by 18% to US$286.0 million.
**Strategic Progress** The company successfully launched its IMPACT 2030 strategy, aiming for capital-efficient growth, sustained free cash flow, and shareholder returns. It achieved its 2.2x tenancy ratio target a year ahead of schedule, demonstrating operational excellence.
**Capital Allocation** Helios Towers maintained a disciplined capital allocation approach, with discretionary capital additions of US$138.3 million, supporting site and colocation additions, power investments, and upgrades. Net leverage decreased to 3.4x, and the companys credit rating was upgraded by Moodys to Ba3.
**2026 Outlook** The company provided guidance for 2026, expecting Adjusted EBITDA of US$510-525 million and recurring free cash flow of US$210-225 million. It plans to allocate capital for discretionary capex, share buybacks, and dividends, demonstrating a commitment to shareholder returns.
**Sustainable Growth** Helios Towers emphasized its focus on sustainable growth, with 94% of its workforce being local and a commitment to diversity, reaching 29% female representation in 2025. The company also highlighted its efforts in climate action, investing in cleaner energy solutions and reducing carbon emissions.
**Market Position** Operating in nine countries across Africa and the Middle East, Helios Towers connects over 158 million people, providing reliable mobile network coverage. Its infrastructure-sharing model supports mobile penetration and enables faster rollout, lower costs, and improved power performance for mobile operators.
In summary, Helios Towers PLCs 2025 results demonstrate strong financial and operational performance, strategic progress, and a commitment to sustainable growth and shareholder value creation. The company is well-positioned to capitalize on the growing demand for mobile infrastructure in its markets, driven by population growth, increasing mobile penetration, and data consumption.
Here is the comparison of financials and debt year on year for Helios Towers PLC, presented as an HTML table:
MetricFY 2025FY 2024Change
Tenancies31,94429,406+9%
Tenancy ratio2.17x2.05x+0.12x
Adjusted EBITDA (US$m)471.1421.0+12%
Operating profit (US$m)286.0242.3+18%
Recurring free cash flow (US$m)207.5147.9+40%
Free cash flow (US$m)66.418.7+249%
Cash generated from operations (US$m)480.5397.2+21%
Return on invested capital (ROIC) (US$m)13.5%12.9%+0.6ppt
Net leverage3.4x4.0x-0.6x
**Key Highlights:** - **Tenancies and Tenancy Ratio:** Tenancies increased by 9% to 31,944, and the tenancy ratio improved to 2.17x from 2.05x in the previous year. - **Adjusted EBITDA and Operating Profit:** Adjusted EBITDA grew by 12% to $471.1 million, and operating profit increased by 18% to $286.0 million. - **Cash Flow Metrics:** Recurring free cash flow saw a significant increase of 40% to $207.5 million, while free cash flow more than tripled to $66.4 million. Cash generated from operations also rose by 21% to $480.5 million. - **Return on Invested Capital (ROIC):** ROIC improved by 0.6 percentage points to 13.5%. - **Net Leverage:** Net leverage decreased by 0.6x to 3.4x, indicating a stronger financial position. This table provides a concise comparison of key financial and debt metrics for Helios Towers PLC between FY 2025 and FY 2024, highlighting the company's growth and improved financial health.
OPT logo OPT

Contract Win

Optima Health plc

Please provide the text you would like me to summarize. Im ready when you are!
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VSVS logo VSVS

Final Results

Vesuvius PLC

**Summary of Vesuvius plcs Final Results for the Year Ended 31 December 2025**
Vesuvius plc, a global leader in molten metal flow engineering and technology, reported its final results for the year ended 31 December 2025, highlighting resilience despite challenging market conditions. The companys performance was in line with expectations, driven by a strong focus on cost reduction and the benefits of its technology strategy.
**Financial Highlights**
**Revenue** £1,809.5 million, a 0.7% increase on a like-for-like basis, but a 0.6% decline on a reported basis due to FX headwinds.
**Trading Profit (Adjusted Operating Profit):** £151.1 million, down 17.0% on a like-for-like basis and 19.6% on a reported basis, primarily due to challenging market conditions in EMEA.
**Return on Sales (RoS)** 8.4%, down 170 basis points on a like-for-like basis.
**Adjusted Basic EPS:** 34.2pdown 17.7% on a like-for-like basis.
**Free Cash Flow:** £36.0 milliondown 37.7% compared to 2024.
**Net Debt / EBITDA:** 2.0xup from 1.3x in 2024.
**Key Developments**
**Cost Reduction Program** Delivered £17.8 million in savings, ahead of initial expectations, as part of a £55 million multi-year program.
**New Product Sales** Increased to 20.5%, reaching the 2026 target a year early, with a strong pipeline of new products.
**Acquisitions** Completed acquisitions of PiroMET and MMS, strengthening presence in Turkey and the non-ferrous foundry market.
**Dividend** Proposed final dividend of 16.5p, bringing the full-year dividend to 23.6p, a 0.4% increase.
**Segment Performance**
**Steel Division** Revenue grew slightly (+1.4% like-for-like) due to market share gains and pricing increases, but trading profit fell 18.3% due to inflationary costs and temporary manufacturing inefficiencies.
**Foundry Division** Revenue declined 1.5% like-for-like due to weak markets outside India and China, with trading profit down 11.2% due to negative net pricing in H1.
**Outlook**
**2026** Expected to be a transition year to recovery, with modest volume growth, continued cost reduction, and full-year contributions from recent acquisitions.
**Cash Flow** Anticipated to grow in 2026 due to improved trading profit and normalized investment capex.
**RoS Target** Continues to target 12.5% RoS, supported by self-help measures and more favorable market conditions from 2027.
**Strategic Focus**
**Innovation** Continued investment in R&D, with a focus on materials science and mechatronics solutions.
**Sustainability** Progressed on decarbonization goals, reducing carbon intensity by 31.4% compared to 2019.
**Safety** Achieved a Lost Time Injury Frequency Rate of 0.7, well ahead of the industry average, despite one work-related fatality.
**Conclusion**
Vesuvius plc demonstrated resilience in 2025, navigating challenging market conditions through cost reduction, strategic acquisitions, and a focus on innovation. The company is positioned for recovery in 2026, with expectations of profit growth and improved cash flow, supported by its ongoing strategic initiatives and market share gains.
Here is the HTML table code comparing the financials and debt year on year for Vesuvius plc:
Metric2025 (£m)2024 (£m)Like-for-like changeYear-on-year change
Revenue1,809.51,820.1+0.7%(0.6%)
Trading Profit151.1188.0(17.0%)(19.6%)
Return on Sales8.4%10.3%-170bps-190bps
Adjusted basic EPS (pence)34.2p43.3p(17.7%)(21.0%)
Free cash flow36.057.8NA(37.7%)
Net Debt / EBITDA2.0x1.3xNA+0.7x
**Key Observations:** * **Revenue:** Slight increase on a like-for-like basis (+0.7%), but a slight decrease on a reported basis (-0.6%). * **Trading Profit:** Significant decline both on a like-for-like basis (-17.0%) and reported basis (-19.6%). * **Return on Sales:** Decreased by 170bps on a like-for-like basis and 190bps on a reported basis. * **Adjusted basic EPS:** Decreased by 17.7% on a like-for-like basis and 21.0% on a reported basis. * **Free Cash Flow:** Substantial decrease of 37.7%. * **Net Debt / EBITDA:** Increased by 0.7x, indicating higher leverage.
FIL logo FIL

Unaudited interim results to 31 December 2025

Fairview International PLC

**Summary of Fairview International PLCs Half-Year/Interim Report (Unaudited) to 31 December 2025**
**Financial Highlights**
**Revenue Growth** Increased by 7.1% to £2.98 million (H1 2025: £2.78 million), driven by higher student enrollments and ancillary revenue streams.
**Profitability** Profit before tax surged 121.8% to £1.22 million (H1 2025: £0.55 million), and profit after tax rose 257.7% to £0.93 million (H1 2025: £0.26 million), aided by cost control and one-off IPO-related expenses in the prior period.
**Gross Profit Margin** Improved to 53.3% (H1 2025: 50.4%).
**Earnings per Share** Increased to 0.16p (H1 2025: 0.08p).
**Operational Highlights**
**Student Enrollments** 1.8% increase in student numbers, net of graduating students, with 723 students enrolled across two schools as of 2026.
**Academic Excellence** Kuala Lumpur campus ranked in the top 100 IB schools globally for the sixth consecutive year and second in Malaysia.
**Expansion Initiatives** Exploring school premises expansion in Malaysia and property development opportunities at the Johor Bahru campus.
**Strategic Partnerships** Memorandum of Understanding with Arts University Bournemouth to enhance teacher supply and collaboration.
**Business Review and Developments**
Focus on strengthening earnings from education IP and hybrid delivery capabilities.
Leveraging the Johor-Singapore Special Economic Zone (JS-SEZ) for operational and property development opportunities.
Continued assessment of expansion opportunities in Southeast Asia, Asia, and the UK.
**Outlook**
Momentum in enrollments and applications expected to continue, supported by marketing efforts and the FY26/27 academic year.
Confidence in adapting to global economic conditions and capitalizing on growth opportunities.
**Chairman’s Remarks (Daniel Chian)**
Highlighted the Group’s strong interim results, IPO milestone, and strategic focus on scalable education platforms.
Emphasized the potential for organic growth, hybrid learning models, and expansion in Southeast Asia and the UK.
**Financial Position**
Total assets increased to £27.45 million (30 June 2025: £26.07 million).
Total equity rose to £7.04 million (30 June 2025: £5.75 million), driven by net earnings and foreign exchange gains.
Debt-to-equity ratio improved to 1.51 (30 June 2025: 2.00).
**Principal Risks and Uncertainties**
Regulatorycompetitionsafeguardingoperationalexpansionpeoplecyberfinancialand fraud risks remain key concerns.
Principal uncertainty is a potential economic downturn.
**Conclusion**
Fairview International PLC demonstrated robust financial and operational performance in H1 2026, underpinned by strategic initiatives, academic excellence, and expansion opportunities. The Group is well-positioned to capitalize on growing demand for international education, particularly in Southeast Asia and the UK.
Here is the HTML table code comparing the financials and debt year on year for Fairview International PLC:
Financial MetricH1 2026 (£'000)H1 2025 (£'000)Change (%)
Revenue2,9822,7847.1%
Gross Profit1,5881,40213.3%
Profit Before Tax1,2141,1228.2%
Profit After Tax931261256.7%
Earnings Per Share (pence)0.160.08100.0%
Total Assets (£'000)27,45426,0745.3%
Total Liabilities (£'000)20,41020,3190.4%
Total Equity (£'000)7,0445,75522.4%
Net Debt (£'000)10,66711,491-7.2%
Debt-to-Equity Ratio1.512.00-24.5%

Key Observations:

  • Revenue increased by 7.1% year-on-year, driven by higher student enrolments and ancillary revenue streams.
  • Profitability improved significantly, with profit after tax increasing by 256.7% due to cost control measures and absence of one-off IPO expenses.
  • Total equity increased by 22.4%, primarily due to net earnings and foreign exchange reserve gains.
  • Net debt decreased by 7.2%, and the debt-to-equity ratio improved by 24.5%, indicating a stronger financial position.
This table provides a clear comparison of key financial metrics and debt position between H1 2026 and H1 2025 for Fairview International PLC. The data highlights the company's improved financial performance and stronger balance sheet position.
ABDX logo ABDX

$2.5m Contract for clinical self-test development

Abingdon Health Plc

**Summary**
Abingdon Health plc, a UK-based med-tech contract service provider, has secured a $2.5 million contract to develop a clinical self-<mark style="background-color:yellow">test</mark> for an undisclosed UK-based client. The 18-month project, starting in March 2026, involves end-to-end project management and technical support across feasibility, design, development, verification, and validation phases. This contract highlights Abingdon Healths expertise in rapid diagnostic tests, ISO 13485:2016 quality management, and regulatory compliance. The majority of revenues will be recognized in the financial year ending June 2027. Dr. Chris Hand, Executive Chairman, emphasized the companys strategic position in the point-of-contact diagnostics market and its ability to manage complex international programs. This award reinforces Abingdon Healths role as a leading CDMO/CRO service provider in the diagnostics sector.
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TRN logo TRN

TRADING STATEMENT AND NOTICE OF FULL YEAR RESULTS

Trainline Plc

**Summary**
Trainline PLC, the leading independent rail and coach travel platform, reported solid financial performance for FY2026 (ending February 28, 2026), meeting enhanced expectations. Key highlights include
1. **Financial Performance**
**Net Ticket Sales** Total group sales rose 7% YoY to £6.3 billion, within the 6-9% guidance range. UK Consumer sales grew 6% to £4.1 billion, International Consumer sales increased 5% to £1.1 billion (3% on a constant currency basis), and Trainline Solutions sales surged 15% to £1.1 billion.
**Revenue** Group revenue grew 2% YoY to £453 million, tracking towards the upper end of the 0-3% guidance range. UK Consumer revenue declined 2% to £204 million due to a commission rate cut, while International Consumer revenue rose 12% to £60 million, and Trainline Solutions revenue increased 4% to £189 million.
**Adjusted EBITDA** Expected to grow 10-13%, outpacing revenue and net ticket sales growth, driven by operating leverage and cost discipline.
2. **Operational Highlights**
**UK Consumer** Strengthened customer engagement with 18 million users, expanded digital railcard base by 16% to 2.7 million, and launched Way to Train disruption features. Growth was partially offset by TFLs Project Oval and rail operators self-preferencing of their own channels.
**International Consumer** Benefited from new carrier competition (e.g., 26% growth in South-East France) and rebounding foreign travel in H2. Growth in Spain was impacted by rail safety concerns.
**Trainline Solutions** B2B Distribution grew 36%, driven by business travel sales, particularly in Europe. Lost white-label contracts with Cross-Country and ScotRail pose future headwinds.
3. **Strategic Initiatives**
Launched an online petition for fair automated delay-repay access, garnering 25,000 signatures.
Progressed share buyback program, repurchasing £75 million of shares under the £150 million program, with £275 million bought back since September 2023.
4. **Future Outlook**
Full-year results for FY2026 will be published on May 6, 2026, with an analyst presentation at 9:00 am UK time.
Trainline remains focused on driving growth through customer engagement, ancillary revenues, and strategic market positioning, despite industry challenges.
Below is the HTML table code comparing the financials and debt year on year based on the provided text. Since debt information is not explicitly mentioned in the text, the table focuses on the financial metrics provided (Net Ticket Sales and Revenue). < lang="en">Trainline Financials Comparison (FY2025 vs FY2026)

Trainline Financials Comparison (FY2025 vs FY2026)

MetricFY2025 (£m)FY2026 (£m)YoY Change (%)YoY Change (CCY) (%)
Net Ticket Sales (£m)
UK Consumer3,9124,135+6%+6%
International Consumer1,0551,104+5%+3%
Trainline Solutions9411,081+15%+14%
Total Group5,9076,319+7%+7%
Revenue (£m)
UK Consumer208204-2%-2%
International Consumer5360+12%+10%
Trainline Solutions181189+4%+4%
Total Group442453+2%+2%

Note: CCY = Constant Currency. Debt information is not available in the provided text.

This HTML code creates a styled table comparing the financials for FY2025 and FY2026, including Net Ticket Sales and Revenue for each segment and the total group. Since debt details are not provided in the text, a note is added to indicate this.
SWG logo SWG

£1.3m contract win with major UK telco

Shearwater Group plc

**Summary**
Shearwater Group PLC, a cybersecurity and managed security services provider, announced on March 12, 2026, that its subsidiary Brookcourt Solutions has secured a £1.3 million contract with a major UK telecommunications provider. Under the agreement, Brookcourt will supply and install an advanced network monitoring solution to enhance visibility, proactively monitor performance, and ensure the resilience of the telcos network infrastructure. The contract value will be fully recognized in FY26, bolstering Shearwaters financial performance. Phil Higgins, CEO of Shearwater, highlighted the win as a <mark style="background-color:yellow">test</mark>ament to Brookcourts technical expertise in supporting complex network environments. The deployment is expected to begin shortly, reinforcing Shearwaters growth strategy in the cybersecurity and managed services sector.
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RST logo RST

Full Year 2025 Results

Restore plc

**Summary of Restore PLCs Full Year 2025 Results**
**Financial Performance Highlights**
**Revenue Growth** Revenue increased by 27% to £304.7 million, primarily driven by the acquisition of Synertec and six bolt-on acquisitions.
**Adjusted Operating Profit** Adjusted operating profit rose by 18% to £55.5 million, with the adjusted operating margin improving to 20.8%, surpassing the medium-term target of 20%.
**Adjusted Profit Before Tax** Adjusted profit before tax grew by 22% to £40.6 million.
**Statutory Profit Before Tax** Statutory profit before tax decreased by 55% to £7.7 million due to significant acquisition-related costs.
**Net Debt** Net debt increased by 39% to £123.8 million, reflecting the impact of acquisitions.
**Dividend** The proposed final dividend increased by 19% to 6.9p per share.
**Strategic Highlights**
**Acquisitions** Acquired Synertec and six bolt-on acquisitions, expanding capabilities in inbound and outbound communications and strengthening market share in shredding. Two additional bolt-on acquisitions were added in early 2026.
**Disposal of Harrow Green** Disposed of Harrow Green, improving earnings visibility and Group margins, resulting in a loss from discontinued operations of £7.7 million.
**Integration and Consolidation** Completed the integration of digital and physical storage businesses, achieving annualized savings of over £5 million. The property consolidation program is in its final phase, with more than fifteen sites exited.
**Datashred Growth** Strong growth at Datashred, supported by bolt-on acquisitions, operational efficiencies, and a paper price contract.
**Technology Division Transformation** Continued transformation of the Technology division, positioned for double-digit margins in 2026.
**Shareholder Returns**
**Share Buyback** Announced a £20 million share buyback program over the next 12 months.
**Outlook**
**FY26 Expectations** Trading since the start of the year has been strong, with all divisions performing in line with or above expectations. Full-year adjusted profit before tax is expected to be slightly ahead of current market expectations.
**Growth Strategy** Well-positioned to deliver both organic and inorganic growth, with a focus on increasing the scale of the Group and delivering further value to shareholders.
**Key Metrics**
**Adjusted Basic Earnings Per Share** Increased by 23% to 22.5p.
**Cash Conversion** Cash conversion was 103%, with free cash flow of £42.9 million.
**Leverage** Leverage increased to 1.9x, within the target range of 1.5x-2.0x.
**Management Commentary**
**CEO Charles Skinner** Highlighted the achievement of the 20% medium-term margin target, strong cash generation, and the strategic focus on both organic and inorganic growth. Expressed confidence in sustaining adjusted operating margins above 20% and delivering further value to shareholders.
**Conclusion**
Restore PLC demonstrated significant improvement in financial performance, strategic advancements through acquisitions and integrations, and a commitment to shareholder returns. The company is well-positioned for future growth and margin sustainability.
Here is the comparison of financials and debt year on year presented as an HTML table:
Metric2024 (£m)2025 (£m)Change
Revenue240.0304.727%
Adjusted Operating Profit46.955.518%
Adjusted Operating Margin19.5%20.8%130bps
Adjusted Profit Before Tax33.240.622%
Statutory Profit Before Tax17.07.7(55%)
Net Debt89.0123.8(39%)
Leverage1.6x1.9x(0.3x)
Adjusted Basic Earnings Per Share (pence)18.3p22.5p23%
Statutory Basic Earnings Per Share (pence)8.8p1.0p(89%)
Dividend Per Share (pence)5.8p6.9p19%
**Key Observations:** - **Revenue Growth:** Revenue increased significantly by 27% from £240.0m in 2024 to £304.7m in 2025, primarily driven by acquisitions. - **Profitability Improvement:** Adjusted operating profit and adjusted profit before tax both increased, by 18% and 22% respectively, reflecting improved operational efficiency and contributions from acquisitions. - **Margin Expansion:** Adjusted operating margin improved by 130 basis points to 20.8%, surpassing the medium-term target of 20%. - **Debt Increase:** Net debt increased by 39% to £123.8m due to acquisitions, with leverage rising to 1.9x from 1.6x, still within the target range. - **Earnings Per Share:** Adjusted basic earnings per share increased by 23% to 22.5p, while statutory basic earnings per share decreased significantly due to acquisition-related costs. - **Dividend Growth:** Dividend per share increased by 19% to 6.9p, reflecting the company's strong cash generation and commitment to shareholder returns.
FAN logo FAN

Half Year Results

Volution Group plc

**Summary of Volution Group plcs Half-Year Results for the Six Months Ended 31 January 2026**
**Overview**
Volution Group plc, a leading international designer and manufacturer of energy-efficient indoor air quality solutions, reported strong first-half performance for FY26, with robust organic growth and margin expansion. The Group achieved total revenue growth of 21.7%, driven by organic growth of 4.2% (constant currency), inorganic growth of 16.4%, and a 1.1% favorable currency impact. Adjusted operating profit increased by 21.1% to £51.6 million, with margins slightly down to 22.6% due to the dilutive impact of the Fantech acquisition. The interim dividend was raised by 17.6% to 4.0 pence per share, reflecting confidence in the Groups prospects.
**Financial Highlights**
**Revenue**£228.7 million, up 21.7% (20.6% at constant currency).
**Adjusted Operating Profit**£51.6 million, up 21.1%.
**Adjusted Operating Margin**: 22.6%down 0.1 percentage points.
**Profit Before Tax**: £46.5 millionup 20.7%.
**Basic EPS**: 18.2 penceup 19.0%.
**Operating Cash Flow**£51.6 million, up 7.7%, with a cash conversion rate of 98%.
**Operational Highlights**
**Acquisitions**Completed the acquisition of AC Industries on 2 February 2026, strengthening the Groups position in Australasia and entering the gold and copper mining ventilation systems market.
**Organic Growth**All three regions (UK, Continental Europe, and Australasia) achieved organic revenue growth, with the UK up 3.8%, Continental Europe up 10.7% (5.3% at constant currency), and Australasia up 83.6% (87.8% at constant currency), primarily driven by the Fantech acquisition.
**Low Carbon Revenue**Increased to 72.1% of total revenue, reflecting continued growth in heat recovery and low-carbon solutions.
**Capex**£4.3 million, including investments in injection moulding capacity in the UK, metal fabrication in the Nordics, and facility expansion in North Macedonia.
**Regional Performance**
**UK**Revenue grew by 3.8% to £86.5 million, with adjusted operating profit up 6.2% to £22.7 million. Margins improved to 26.3% due to value engineering and operational excellence.
**Continental Europe**Revenue increased by 10.7% (5.3% at constant currency) to £75.4 million, with adjusted operating profit up 16.3% to £19.1 million. Margins rose to 25.3% due to low-carbon revenue growth.
**Australasia**Revenue surged by 83.6% (87.8% at constant currency) to £66.8 million, primarily due to the Fantech acquisition. Organic growth was 3.3% at constant currency. Adjusted operating profit increased by 75.3% to £13.6 million, with margins at 20.4%.
**Strategic Initiatives**
**Acquisition Strategy**The successful integration of Fantech and the acquisition of AC Industries highlight the Groups focus on inorganic growth.
**Management Strengthening**Continued to enhance regional management structures, with key appointments in the UK, Germany, and Group IT.
**Sustainability**Increased focus on low-carbon products and sustainability, with 72.1% of revenue from low-carbon solutions.
**Outlook**
The Group expects further strategic and operational progress in the second half of FY26, supported by regulatory tailwinds and market dynamics. Despite uncertainties in end markets, geographic diversity provides resilience. The Board anticipates adjusted earnings per share for FY26 to be at the top end of market forecasts (35.0p to 36.5p).
**Conclusion**
Volution Group plc delivered a strong first-half performance, underpinned by organic growth, strategic acquisitions, and operational excellence. The Group remains well-positioned to capitalize on regulatory tailwinds and market opportunities, with a focus on sustainability and long-term growth.
Here’s an HTML table comparing the financials and debt year-on-year for Volution Group PLC based on the provided text:
MetricH1 2026 (£m)H1 2025 (£m)Change %Notes
Revenue228.7187.8+21.7%Total revenue growth, including organic, inorganic, and currency impact.
Operating Profit51.642.6+21.1%Adjusted operating profit.
Operating Profit Margin22.6%22.7%-0.1ppAdjusted operating profit margin.
Profit Before Tax46.538.6+20.7%Adjusted profit before tax.
Basic EPS (pence)18.215.3+19.0%Adjusted basic earnings per share.
Operating Cash Flow51.647.9+7.7%Adjusted operating cash flow.
Net Debt (£m)185.7186.8-0.6%Net debt at period end, including bank borrowings and lease liabilities.
Debt Leverage (x)1.31.5-13.3%Net debt to adjusted EBITDA ratio.
Interim Dividend per Share (p)4.03.4+17.6%Interim dividend declared per share.
### Key Highlights: 1. **Revenue Growth**: Increased by 21.7%, driven by organic growth, inorganic acquisitions (e.g., Fantech and AC Industries), and favorable currency impact. 2. **Profitability**: Adjusted operating profit and profit before tax grew by 21.1% and 20.7%, respectively, despite margin dilution from acquisitions. 3. **Debt Position**: Net debt decreased slightly, and leverage improved to 1.3x from 1.5x, reflecting strong cash generation and disciplined financial management. 4. **Dividend**: Interim dividend increased by 17.6%, demonstrating confidence in the Group's prospects. This table provides a concise comparison of key financial and debt metrics between H1 2026 and H1 2025.
HLMA logo HLMA

Trading Update

Halma PLC

**Summary**
Halma plc, a global group of life-saving technology companies, released a trading update on March 12, 2026, ahead of its financial year-end on March 31, 2026. The company reports strong progress in the second half of the financial year, consistent with its upgraded guidance from November 2025. Key highlights include
1. **Financial Performance**
Expected mid-teens percentage organic constant currency revenue growth, driven by premium growth in photonics within the Environmental & Analysis Sector.
Adjusted EBIT margin of around 22% (excluding a one-off profit from the Nuvonic transaction).
Full-year cash conversion in line with the 90% KPI, supporting strategic investments and acquisitions.
2. **Market Conditions**
Varied end-market conditions and economic uncertainties, but broad-based growth across the Group due to its Sustainable Growth Model.
Order intake remains ahead of revenue and the comparable period last year.
3. **Acquisitions**
Completed five acquisitions in the year, totaling a record £451m in investment, with a healthy pipeline across all three sectors (Safety, Environment, Healthcare).
Notable acquisitions include E2S Group Ltd, Safetec Srl, and Altomed.
4. **Currency Impact**
Sterling appreciation is expected to negatively impact revenue by £63m and profit by £14m due to currency translation effects.
5. **Future Outlook**
On track to deliver the 23rd consecutive year of record Adjusted profit.
Full-year results will be released on June 11, 2026.
Halma remains focused on its purpose of growing a safer, cleaner, healthier future, with over 9,000 employees across more than 20 countries and a strong position in the FTSE 100 index.
The provided text does not contain specific financial or debt figures for a year-on-year comparison. However, I can extract the key financial highlights and acquisition details mentioned in the trading update and present them in an HTML table format for clarity. Here’s the HTML code for the table:
MetricDetails
Revenue Growth (Organic Constant Currency)Mid-teens percentage growth expected for FY 2026
Adjusted EBIT Margin (excluding one-off profit)Around 22% expected for FY 2026
Cash ConversionExpected to be in line with KPI of 90% for FY 2026
Currency Translation Impact (FY 2026 vs FY 2025)Expected negative impact: £63m on revenue, £14m on profit
Acquisitions (FY 2026 YTD)5 acquisitions completed, total investment: £451m (maximum total consideration)
Acquisition Details
  • E2S Group Ltd: £230m (December 2025)
  • Safetec Srl: €72.5m (£63m) (January 2026)
  • Altomed: £29m (February 2026)
One-off Profit (FY 2026)£8.6m from Nuvonic transaction (excluded from Adjusted EBIT margin guidance)
### Explanation: - **Revenue Growth**: Mid-teens percentage organic constant currency growth is expected for the financial year ending March 2026. - **Adjusted EBIT Margin**: Expected to be around 22%, excluding the one-off profit from the Nuvonic transaction. - **Cash Conversion**: Expected to meet the 90% KPI. - **Currency Translation Impact**: Sterling appreciation is expected to negatively impact revenue by £63m and profit by £14m compared to FY 2025. - **Acquisitions**: Five acquisitions were completed in the year to date, with a total investment of £451m. Details of three recent acquisitions are provided. - **One-off Profit**: A £8.6m one-off profit from the Nuvonic transaction is noted but excluded from the Adjusted EBIT margin guidance. Since there are no direct year-on-year financial figures provided in the text, the table focuses on the key highlights and expectations for FY 2026.
GEX logo GEX

Hussar EP513 Drill Contract Update

Georgina Energy PLC

**Summary**
Georgina Energy PLC provided an update on the Hussar EP513 drill contract, highlighting ongoing discussions with Ensign Energy regarding the supply of its Ensign 970 drilling rig. Ensign has until March 18, 2026, to respond to the standard contract, while Georgina continues to review other rig options. The company remains on track for civil engineering access and site works to commence in Q2 2026, with drill <mark style="background-color:yellow">test</mark>ing planned for Q3 2026. Georgina is working closely with Harlequin Energy and its partners following the signing of an off-take agreement, which will fund the drilling and field development. Preparatory works, including water well drilling rig access and road repairs, are progressing, supported by technical consultant Aztech Well Construction. The Hussar prospect, one of the largest subsalt Helium, Hydrogen, and Hydrocarbons prospects in onshore Australia, has a targeted drilling depth of approximately 2,800 meters. Georgina Energy aims to capitalize on the growing demand for hydrogen and helium, leveraging its strategic onshore interests in Australia.
NewContract
RSG logo RSG

Doropo Final Investment Decision Approved

Resolute Mining Limited

**Summary**
Resolute Mining Limited has formally approved the Final Investment Decision (FID) for its Doropo Gold Project in Côte dIvoire, marking a significant step toward construction and production. This decision aligns with Resolutes strategy to become a leading multi-asset gold producer in West Africa, aiming to exceed 500,000 ounces of annual gold production by 2028. The project, located in the Bounkani Region, boasts robust economics, a 13-year initial mine life, and strong financial metrics, including a post-tax NPV of US$2.54 billion and an IRR of 72%. Construction is set to begin in H1 2026, supported by Resolutes strong balance sheet with a net cash position of US$209 million as of December 2025. The project is expected to generate significant shareholder value while benefiting local communities and national partners. Resolute will continue evaluating funding options to maintain financial flexibility as the project progresses.
Approvals
FOG logo FOG

Falcon Oil & Gas Ltd. - Falcon Announces Shareholder Approval of Transaction with Tamboran

Falcon Oil & Gas Ltd.

**Summary**
Falcon Oil & Gas Ltd. announced on March 12, 2026, that its shareholders overwhelmingly approved (99.76% of votes cast) a transaction with Tamboran Resources Corporation. The transaction, structured as a plan of arrangement, involves Falcon, Tamboran, and related entities. Shareholder approval met the required thresholds, including a two-thirds majority and a simple majority excluding certain votes under regulatory requirements (MI 61-101).
Completion of the transaction is contingent on several conditions, including court approval, NYSE listing authorization for Tamboran’s common stock, absence of legal prohibitions, no material adverse changes, and standard closing conditions. If finalized by March 16, 2026, Falcon’s shares will be suspended from trading on AIM on March 17 and delisted on March 18. However, the timeline is subject to all conditions being met, with no guarantees.
The transaction excludes votes from Falcon’s CEO and CFO due to their significant shareholdings, as per regulatory requirements. Further details are available on SEDAR+ and Falcon’s website. The company cautioned that forward-looking statements regarding the transaction involve risks, including regulatory approvals, integration challenges, and market conditions. Falcon operates in unconventional oil and gas exploration, with assets in Australia, South Africa, and Hungary.
Approvals
ICGT logo ICGT

Director/PDMR Shareholding

ICG Enterprise Trust PLC

b) Nature of the transaction <mark style="background-color:yellow">Purchase</mark> of ordinary shares
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AI Chartist

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Market AI · 2026-03-12

LONDON MARKET CLOSE: FTSE 100 falls on growing fears of prolonged war

London Stock Market: FTSE 100 closed down 48.62 points (0.5%) at 10,305.15. FTSE 250 ended down 212.60 points (1.0%) at 22,168.74. AIM all-share closed down 6.59 points (0.9%) at 767.02. …

Market AI · 2026-03-12

LONDON MARKET MIDDAY: FTSE subdued as oil volatility bites

London Stock Market: FTSE 100 down 0.2% at 10,334.26. FTSE 250 down 0.2% at 22,332.01. AIM all-share down 0.3% at 771.01. Defense stocks (BAE Systems, Babcock, Rolls-Royce) gained, while …

Market AI · 2026-03-12

LONDON BROKER RATINGS: UBS raises Rentokil Initial; RBC cuts Bodycote

Here is the provided text formatted as bullet points in HTML: html 12th Mar 2026 09:22 The following London-listed shares received analyst recommendations Thursday morning and on Wednesday: FTSE 100 BofA raise…

Market AI · 2026-03-12

LONDON MARKET OPEN: FTSE falls as oil jumps on Gulf vessel attacks

London Stock Market: FTSE 100 opened down 0.7% at 10,281.63. FTSE 250 down 0.5% at 22,261.24. AIM all-share down 0.4% at 770.71. Cboe UK indices mostly lower, with small companies margina…

Market AI · 2026-03-12

LONDON MARKET EARLY CALL: FTSE 100 seen lower as oil tops USD100

London Stocks: Set to open lower on Thursday, with FTSE 100 futures down 0.1% at 10,344.67, amid surging oil prices and Middle East tensions. Oil Prices: Brent oil surged to USD100.58 per barrel after explosions on…

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